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HUNT’S
MERCHANTS’
fe l tj
*e
REPRESENTING
THE
INDUSTRIAL
VOL. 24.
AND
SATURDAY, MAY 19, 1877.
THE
Preparations for Resumption
THE
BANKERS’
Money Market, U. S. Securities,
GAZETTE.
I Quotations of Stocks and Bonds. 464
| Local Securities
465
I Investments, and State, City and
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, National Banks, etc
461 |
TnE
Corporation Finances
COMMERCIAL
Commercial Epitome
made
Our Manufactures
456
Latest Monetary and Commercial
457
English News
Commercial
and
Miscellaneous
News
459
Open New Markets for
Cotton....^
Breadstuffs
466
TIMES.
476 | Dry Goods
470 | Imports, Receipts
474 1 Prices Current.
474
and Exports.... 475
476
€l)routcle.
The Commercial
and
news up
on
Satur¬
to midnight of Friday.
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E5?" For
July, 1*65,
postage
on
as
to the
take after the
converted into
shown that the
ulterior steps
officially
which the Treasury will
gold proceeds of the bonds have been
greenbacks. But we have frequently
resumption law is defective in respect to
of its details, and that it leaves too' much to the
discretion of the Secretary of the Treasury. The ques¬
tion just raised brings to light one of these defects in
the law.
The Secretary of the Treasury has received no
authority under the statute of January, 1875, or under
any other act of Congress, to cancel any greenbacks thus
received. The retirement of greenbacks on the issue of
many
additional bank notes is authorized
Financial Chronicle is issued
day morning, with the latest
NO. 621-
'
is current that the announcement has not been
CHRONICLE.
453
The Belt Uailroad aud Terminal
Facilitifs
454
<k
Future1’Sales, at Liverpool .... 455
to
§Utmspape*,
COMMERCIAL INTERESTS OF THE UNITED STATES.
CONTENTS.
How
MAGAZINE,
the
same
is 17
a comph-te set of the Commercial and Financial Chronicle—
to datft~or o( Hunt’s Merchants’ Magazine, 1839 to 1871,
inquire
at the office.
The Business Department of the Chronicle is
represented among
Financial Interests in New York City by Mr. Fred. W. Jones.
to
continue until the
greenback aggregate is reduced to 300 millions of dol¬
lars. - It has been plausibly argued, indeed, that the act
of 1875 does not forbid the retirement of
greenbacks
under other circumstances, and on this omission the
theory is based that the Secretary may, if he pleases,
destroy and cancel the greenbacks received under the
new
policy he is now beginning to establish.
This theory is wholly untenable, as may
be seen by
reference to the law of February, 1808, which absolutely
forbids the Secretary of the
Treasury to cancel and
withdraw any greenbacks whatsoever. This
prohibition
is still in full force except as it has been modified
by the
act of January 14, 1875, which
gives the Secretary no
authority to contract the greenback circulation, except
to the extent of 80 per cent of the new note issues of
the national banks.
It is also very probable that had not this
prohibition
been in force, Congress would have refused to
pass the
act
of
1875, for, under this
statute would
interpretation, that
new
have sanctioned
a
conversion of bonds
into
PREPARATIONS FOR RESUMPTION.
A
new
of the
step in advance has been made by the
Secretary
Treasury in the sale of four-and-a-half per cent,
par, for gold, under the authority of the law of
January 14, 1875. That statute enacts that “to enable
the Secretary of the Treasury to prepare and provide
for the redemption in this act authorized or required, he
is authorized * * * to issue, sell, and
dispose of, at
not less than par in coin, either of the
descriptions of U.
S. bonds described in the act of Congress approved
July
bonds
at
greenbacks, and a retirement of these greenbacks to
any extent which the Secretary of the Treasury might
at any time determine.
A more complete control over
the currency would thus be given into the hands of the
Secretary of the Treasury than has been possessed by
that officer for ten years past, and the fact that,
although
many objections were raised against the bill on its
passage, this most fatal objection was never urged,
offers conclusive proof that nb such interpretation of the
bill was then thought of or can now be sustained.
As there will be
extra session
of
Congress until
*
* 'to the extent necessary to carry October, and as no supplementary resumption act will
*
this act into effect, and to use the proceeds thereof for
probably be passed this year, it appears that there is
the purposes aforesaid.” Two points are
but one course for the Secretary to adopt in
noteworthy in
regard to
this enactment, as it is now being carried out in the new the
greenbacks brought into the Treasury from the sale
of the four-and-a-half per cent bonds issued in aid of
policy of Mr. Sherman. The bonds are to be sold at
par and to be paid for in coin, and the coin so received resumption.
These greenbacks will have to be kept in
is to be afterwards sold for currency.
the Treasury, and they will tend to increase the
Some complaint
currency
14, 1870,
no
THE
454.
|May l?, 1877.
CHRONICLE
n
■■
balance, of which they will form
specially important
element. Some persons have supposed that the accumu.
lation of greenbacks by the sale of bonds is an unsafe
policy, and that it is open to several grave objections;
for example, they contend, very justly, that it involve8
the issue
of
interest-bearing securities, in order
that we may redeem and pay off1 securities bearing
no
interest, namely, greenbacks.
But this consti¬
tutes no valid objection, inasmuch as the greenbacks,
whenever they are retired and destroyed, must be paid
•off either by surplus revenue or by interest-bearing
securities.
As we have no surplus revenue in the Treas¬
ury, the former alternative is impossible, and we are
•driven by necessity to adopt the latter. A more impor¬
tant objection is that the hoarding of greenbacks will
create a fund which may become a source of constant agi¬
tation, in and out of Congress, whenever the loan market
is disturbed. This accumulated fund of greenbacks will
be regarded as a “ reserve,” and in times of monetary
stringency an immense pressure will be brought upon
the Treasury to force the re-issue of these reserves, and
the repetition of Mr. Secretary Richardson’slmanipulation
of the 44 millions of greenbacks which had been with¬
drawn by Mr. Secretary McCulloch several years before.
In reply to this argument we can only say that the
greenbacks accumulated by the sale of resumption bonds
will
have
a
peculiar function, and will constitute
appropriated fund for a specific purpose. These
greenbacks can scarcely be legally considered as belong¬
ing to the general currency balance of the Treasury, nor
can they, in conformity with the law, be used for any
other purpose than that of resumption or the prepara¬
tion for resumption. There are but two purposes for
which existing laws permit the Secretary of the Treasury
to sell the four-and-a-half per cent bonds.
One of these
is for the refunding of "outstanding bonds now drawing
higher rates of interest, and the other is “ to enable the
Secretary of the Treasury to prepare and provide for the
redemption and retirement of the greenbacks.” From
this it is clear that the money obtained by the sale
of bonds under the present laws must be devoted
wholly to the purposes of resumption, and that for
the present it can scarcely be employed for that
purpose, except by accumulating it in the Treasury.
Hence, the inference is, as we have said, that either in
greenbacks or in specie the proceeds of the four-and-ahalf per cent, bonds sold by the Secretary in aid of
resumption, will be accumulated in the vaults of the
Treasury until the time comes for their use in the
redemption of the greenback currency on the resumption
of specie payments. In a few days, however, the public
will probably know more on this subject. It is announced
from Washington that Mr. Secretary Sherman intends
shortly to give some further information in detail as to
this part of his programme.
a
an
TIIE BELT RAILROAD AND TERMINAL FACILITIES.
several months since the
pending application
City Aldermen for permission to use
the Belt or West street railroad for hauling freight by
steam, at night and under restrictions supposed to be
sufficient to prevent interference with conflicting inter¬
ests.
The only objectors thus far appearing are the
It is
was
now
made to the
associated cartmen and the Erie Railroad.
however
The former,
they may phrase their objection, really are
opposed because the plan would injure their trade; but
this should count for nothing, because that trade, carried
on as it is, is itself a serious burden upon the business of
.....
-
-■■■-
..
■
city, the’notorious fact being that in many instances
handling of certain sorts of merchandise in the city
costs as much as to transport it 100 miles or more on reg¬
ular freight routes. The objection of the Erie—it is a no¬
ticeable fact that the three other great roads having their
terminal points on the Hudson do not join in it, though
the same considerations apply to them—is that all the
Southern and Western traffic, except the Central’s, must
cross West
street, that the ferries are already over¬
crowded, and that- notwithstanding the proposed
restrictions, the innovation would become in practice a
blockade. Undoubtedly Mr. Jewett is right, and upon
its face his objection is conclusive. West street is
already intolerable, unable to accommodate the hetero¬
geneous travel which pours into and clogs it; its travel
has peculiarly an irregular movement, and the tracks on
it are a questionable good, if the characteristics of the
street remain unchanged; hence the introduction of a
still heavier movement, even under restrictions, the ten¬
dency of which is always to relax, seems at first thought
quite inadmissible.
Yet there is much to be said on the other side.
Expe¬
the
the
rience has shown that the almost invariable resistance to
the introduction
of
steam
within
cities is not well
founded; “ steam in streets ” is a bugbear, but it proves
to be not the nuisance expected.
We have yet to learn
of any injury wrought by the movement of freight cars
by dummy engines to and from the Central depot on
the west side.
Engines have been used for years in the
Eastern District of Brooklyn to the river’s edge, and,,
although repeated opposition has been made, they are
entirely manageable and free from reasonable objection.
Atlantic street, a street of unusual width, and fitter for
steam transit than anything else, has only just been
appropriated for steam on its upper portion, after fierce
resistance, although there is an abandoned steam tunnel
under the hill in it leading to the ferry.
For an illus¬
tration near by we need look no further than the Green¬
wich street road, which, so far as it is a damage at all to
property on the line, is not so by the use of steam. In
Philadelphia a nearly parallel case—a proposition.to lay
freight tracks along Delaware avenue and some contigu¬
ous
streets for the purpose of connecting the city
branches of the
Pennsylvania, Reading and North Penn¬
sylvania roads—is now being discussed. Philadelphia
proper lies between the Schuylkill and the Delaware, as
New York lies between the North and the East rivers ;
the proposed tracks would correspond to the Belt road
through South street, and would extend about six miles
and cut
across
the travel
over
six ferries to Camden and
contiguous places. The subject is treated in an evident
desire to permit the wished-for connection of the depots, if
possible; the argument being that the growth and
prosperity of large cities depend upon their becoming
centres of manufactures and distribution, but they become
such centres or not according as facilities for traffic and
transportation are furnished or withheld, and accordingly
the annoyances and occasional temporary depreciation
of property consequent upon running freight cars
through the populous parts of the city must be
considered as the price of the city’s prosperity, and
should be cheerfully submitted to for the sake of the
greater gain. This argument applies with special force
to New York, which has attained her commercial posi¬
tion as a centre of distribution, not of production.
Bus¬
iness will resist for a long time a pressure to divert it
from accustomed channels, but not always, and the facts
which are exerting such pressure here are plain: they
are, the competition in the carrying trade, cutting down
f^May 19, 187 7.1
455
THE CHRONICLE.
competition in with them. But, for a right understanding of what we
business generally, so sharp that differences in trans¬ have to say, we must remember the general truth, which
portation never counted for so much before, the lack of we think all the leading minds in the trade will admit—
appliances for reducing the delay and cost of handling that it is fear, not facts, which has broken the market; a
freight here, and the competition of other cities which fear of war, of its extension almost indefinitely and of a
are keenly alive to the situation and are better provided
general disturbance of trade—such were the active agents
first producing the decline.
with such appliances.
As we have shown on an¬
There is reason in the impatience of the merchants other occasion, this was to be expected, since all recent
over the delay in the decision on the pending applica¬
European wars have induced a similar scare. But now
tion, for the arguments were long ago put in, the diffi¬ that the war has actually begun, and it is measurably
rates
until
a
fraction is of consequence,
culties do not alter
by waiting, and it is incumbent upon
the Aldermen—whose duties are not sufficiently arduous
justify the plea of wanting time—to make an answer,
one way or the other.
The denial of the application will
only increase, and the granting of it can hardly lessen
appreciably, the necessity for greater terminal facilities.
Expedients of this sort are inadequate to cure the trouble,
although they may somewhat alleviate it. What is wanted
is a comprehensive and practical system of discharging
cargoes and handling merchandise, both in bulk and
after breaking bulk, which shall be swift and economical,
not subject to interruption by the blockade of the streets
by snow or otherwise.
Freight, to be thus handled,
must neither get in the way of anything else nor be
hindered by anything else.
Whether the river streets or
other streets shall be widened; whether there shall be a
system of elevated warehouses, connected by an elevated
freight road outside the city; what system of elevators
and docks shall be adopted, are matters of detail not
necessary to discuss here at present.
The point we
make is only that the problem of terminal facilities—
which may be stated in other words as the problem of
permanently keeping and indefinitely increasing the
trade of the port—cannot be solved by any attempts to
patch old appliances and get out of them service which
it is not in their nature to render.
Trying to make an
auger-hole with an awl is contrary to the nature of
things, whether on a small scale or a large one, and it is
time the fact were generally recognized that the methods
of twenty years ago are inadequate for the business
to
needs of
to-day.
sure
that it will not
abeyance by a further fear, which is con¬
stantly hanging over the market. Fear is always blind
and unreasoning and exaggerated, and makes positive
every possible evil. The shape it has assumed this time
is an undefined dread of losses and consequent failures in
Liverpool to grow out of the settlement of the May and
June deliveries, resulting of course if the fear is realized,
in the slaughtering of a considerable amount of cotton
by throwing it upon a very weak market. The decline on
those contracts has been heavy; Messrs. Smith, Edwards
& Co. put it at l^d. in some instances, largely distributed
of course as the contracts have in most cases many times
changed hands. With such a very heavy stock as that
now held at Liverpool, a fear of this description must,,
as we can readily see, paralyze the market,
and, for
the time being, almost prevents any recovery.
It is, of
course, by no means certain that this fear is to be re¬
alized; but that is of no interest in this discussion, for
the effect of such an event threatened is not unfrequently
far greater than the fact accomplished.
It is, therefore,
sufficient for us to know that the market is greatly
depressed by th'e influence referred to, and to ask the
question whether this is not wholly unnecessary. To us
it seems to be the legitimate result of an unwise practice
in the management of the business of “ futures ” at
Liverpool.
It will be noticed that there is no such fear with regard
to the dealers in our own market.
Large amounts of
money have been lost, but it has not resulted in failures
to any extent, nor are any anticipated.
In a word, our
future trade is sound and secure.
Why then -does this
still held in
fear exist
•‘FUTURE” SALES AT LIVERPOOL.
extend, legitimate influences are
as an
element of the transactions in the
market and not in the other?
We
can
find
no
one
reason
semi-panic in the cotton market during the past for it except that margins are not required on future
three months is certainly in the interest of no legitimate sales or purchases at Liverpool, but are required here^
buyer. If the decline were based upon or in accord There is, consequently, no security for the fulfilment of
with the statistical position, it would be desirable—a a Liverpool contract except the standing and ability of the
simple action of the laws of trade, corrective and firm which makes it. Until settlement day, it is unknown
healthy. But running, as it has been doing, in the who is to pull through. And when the decline has been
opposite direction, the result has been an unnecessary so decided as that we are now experiencing, and the loss
loss to the producers and holders of both the raw ma¬ on the contracts so great, a firm possessing even large
terial and of the manufactured goods. We see it is capital may be crushed by the defaults of those to whom
estimated by Mr. Samuel Smith, of Liverpool, that the they have sold.
In fact, the whole network of transac¬
The
immense stock of cotton there has
shrunk,
on an average,
tions becomes involved in
uncertainties; and what weak
pound, which would show a loss of about $10,000,- or declining market can stand up or recover under this
dread that imprudent speculators may not have cleared
000.
This may be taken as some indication of the
experience had by the holders of stock of the raw themselves in time” to prevent their failure ? If, how¬
material everywhere; while both here and abroad goods ever, the contracts had been secured by a margin, the
manufactured from cotton at the higher prices have chain could have no weak spot in it; in fact, as we
been forced to sale at figures based upon the present understand it, there wrould be no such chain; each seller
low quotations, thus paralyzing that industry.
These, would have settled his loss on the transfer of the con¬
however, are some of the accidents of trade, and would tract, and the final parties to it-would be safe in their
not require notice, and are not worthy of it, except so rights under the instrument.
We would suggest, therefore, whether this is not a
far as they are unnecessary, being the result of tem¬
porary causes capable of removal, and sure in the end to favorable time to reconsider this subject, and see if
wisdom does not dictate a change in practice.
re-act.
Of
course our Liverpool friends, with their natural conser¬
We do not propose to enumerate the influences oper¬
ating adversely to cotton now. Our readers are familiar vatism, will hesitate before adopting any new thing.
Id. per
“
<r
456
But
fHE
CHRONICLE
l May 19, 1677,
they not in the present system running risks heartily consent to freer trade, and advocate a
great
themselves as well as endangering the
market, which modification of the existing confused and ill-adjusted
there is no need for?
We should think, too, that schedule of tariff
charges: hence* it would seem as if
the change would
greatly increase their business; for the time had come when men should see how nearly
very many persons whom they now could not consent they can agree upon practical measures of revenue
reform,
to act for, would,
by putting up the necessary security, be rather than to contend over the abstract
principles
made safe purchasers.
But the main consideration is which underlie their respective theories.
that it would relieve the market now and at all times of
A special necessity for some action arises out of
the
one uncertain element.
What every legitimate dealer condition of the
country. Our case seems to be about
desires is stability in price. The
spinner, with grave this. When the war began the working population was
doubts and hesitancy,
prepares his stock of goods for divided up, in certain proportions, between farmers,
fall or spring—his doubts are not because his calcula¬ mechanics
and manufacturers.
Fortunately for us, that
tions as to manufacturing are
defective; not because he date was also the beginning of a great era in inven¬
has misunderstood the demand for
consumption of the tion and improvement in processes of all kinds. So that
raw material;
not because he has underestimated or when the soldiers left the
fields, the improved plough, the
overestimated the supply;—his judgment
is, perhaps? mower, the reaper, and the like, enabled the men who
perfect on all these points;—but simply because a vague remained, with the help of women and
children, to keep
fear which no one can define or set bounds
to, forces, up the crops the same as before; in all the
work-shops
against all reasonable calculations, a declining cotton fewer hands with better
machinery did the same work;
market at a time when he is compelled to sell his
goods. in the factories a less number of hands, working less
Legitimate influences the manufacturer can deal with, hours, turned off more cloth. When the war
ended, the
and the nearer we can
bring the market down to that mining and railway mania and the excessive municipal
basis, the more satisfactory the result.
expenditures, absorbed the work of the returned soldiers,
Of course, the change we
propose would also require who might otherwise have been unable to get employ¬
a
change as to the conventional weight of bales sold. ment; at last, the most intelligent and industrious found
Here it is always considered to be 450 lbs.; but in Liver¬ their
places in working the new machines, new methods
pool, under a future contract, the bales must average and new tools, while the common laborers were crowded
within 5 per cent of 432 lbs. A fixed
weight would be out of work, and concentrated in towns and cities, where
necessary to the working of the system of margins, and they are now idle. The distrust caused
by paper money
are
for other
reasons
also would
seem
to
us
desirable.
has intensified
this temporary
evil. At present, about
ninety per cent of the population, using improved tools
HOW TO OPEN NEW MARKETS FOR OUR MANUFACTURES.
and machines, can produce all that one-hundred
per cent
Boston, May 14, 1877.
can consume of the
staple articles of food, fuel, clothing,
Dear Sir—I cannot but regret your
publication of my tools, wares, and the like, which constitute the
great
last letter, which was intended only for
you to use in bulk of our consumption, and can, in
addition, produce
making a better statement of the cotton case. Its publica¬ all that we have
yet been able to find a market for
tion, however, almost compels me to add a few words abroad; the other ten
per cent or thereabout of the popu¬
more in
explanation of the last paragraph, in which it is lation is therefore idle. There are but two remedies:
suggested that the discussion of the abstract question of
First—The slow removal of
unintelligent laborers
protection and free trade should, for the time, be laid from places where
they are not needed to new lands, and
aside, and an attempt made to promote some changes the construction of new
villages subsidiary to such new
about which there would be little contention between the
lands. This process is going on
slowly but surely North
advocates of the respective theories.
and West, and rapidly in Texas.
The real beginning of the discussion of these
Second—The finding or opening of new markets in
questions
by the present generation came with the war and the foreign countries for the surplus product of our new
fear that the country could not bear the
necessary bur¬ machinery. This process is proceeding more rapidly,
then of taxation. In the study of these questions, which but may be
greatly accelerated by judicious legislation.
the publication of Mr. David A. Wells’ The repeal of the Navigation Acts would be a vast
notably led to
pamphlet, entitled “ Our Burthen and Strength,” many step, but the quickest and surest method would be the
persons, like Mr. Wells and the undersigned, became establishment of closer commercial relations with the
convinced that the restrictive policy was
unwise, and States of North and South America.
that where 'protection begins public revenue ends. Still, that
I have only investigated the exact facts in
regard to
policy was adopted and continued through the war. my own special branch of industry. Canada, Mexico#
But after the war ended, when the attempt was
made, Central and South America buy from Great Britain, each
coincidently almost with the removal of the internal year, cotton fabrics equal to oue-quarter, and nearly to
taxes, to raise, instead of lower, the whole list of duties^ one-third, the whole annual production of the United
jt became an imperative duty to present the whole States; and as it is with cotton goods, so it must be sub¬
question anew, and at that date the general tariff bill was stantially with a great many other branches of industry.
defeated, though the special acts in regard to “Wool For instance, South American hides are brought to
and Woolens” and “ Copper” were adopted. Since then New England to be
tanned, exported to Germany and
the discussion has gone on in a more or less desultory Switzerland to be made
up into shoes, and then sent
manner, but adverse results to the specially protected back to South America to be sold.
The kinds of cotton
interests of coal, iron, steel, wool and woolens, has hap¬ goods in demand in these countries are what we can
pened exactly as it was then foretold. Copper forms an make easily, and from many of these countries we now
exception, owing to the enormous production, at a very import more than we export; all that is needed is a
low cost, of the Calumet and Ilecla mines.
revision of treaties, an effective consular
service, and
Now there is no combination of men, any where, whose better means of communication. Subsidies and bounties
purpose it is to increase the duties, and many of those are not advocated, but the present English method of
who still claim to be in favor of protection, would good compensation to steamships for
carrying mails, just
————
May 19, iv, 7.j
as we now
THE CHRONICLE.
railways, not confined
line, but
paid to those who should do the best work, could not be
objected to except by a most bigoted doctrinaire.
To promote these ends yet more, the
present compli¬
cated system of duties needs revision upon a
plan that
pay
to one
the advocates of both sides of. the abstract question
would sustain, if not afraid of each other. A suitable
commission could discharge from the tariff a vast num¬
ber of obstructive
duties, which produce little revenue,
gain of all concerned. We are repeating
history. When Sir Robert Peel took office in 1840 or ’41,
the attempt to obtain a larger revenue from an increase
of duties had failed, and the revenue was deficient
£2,500,000. He then pictured the state of the country
in words often quoted: “The
agricultural population
starving in the fields, the ships rotting at the wharves,
the manufacturing operatives rioting in the
streets, and
the Chancellor of the Exchequer seated on an
empty
chest over the pool of a bottomless
deficiency, fishing for
a budget.”
The first of his great acts, long before the
repeal of
the corn laws, was the same treatment of the tariff that we
now need.
Out of 1,200 articles in the schedule, over
to
tion the real estate held or owned by any such hank or
banking association;,
but the same shall be subject to State, county,
municipal and other taxation
to the same extent and rate, and in the same
munner, as other real estate is
taxed.
Sec. 3 Wherever the assessments upon stockholders of banks have been
made prior to the passage of this act, the time for making
is
were
made free
or
the duties reduced ; in
expectation
of a reduction of revenue from this
act, the income tax
was
imposed for the first time in time of peace. But
the loss of revenue did not come, trade revived at
once,
the increased import of tea, coffee,
sugar, <fcc., yielded
more revenue than before, and at the end of three
years,
those who had opposed the original
measure, sustained
another of the same kind, but yet more radical.
So it might be here; a policy
begun by the promotion
such assessments
hereby
extc ded until ten days after the passage of this act.
Sec. 4. All ucts and parts of acts inconsistent with this act
hereby
are
repealed.
Sec. 5. This act shall take effect
immediately.
Cateat filcmctarn an& (Eaminercial
QEugliso Necua
RATKSOK BVCH4NGB \T LONDON AND ON LONDON
AT LATB8T DATES*
the great
700
457
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
MAY 5.
ON—
TIMS.
Amsterdam.
3 months.
i
Antwerp....
Hamburg....
Paris
Paris
.
4
44
Berlin
..
(4
44
days.
3 mo*.
44
Naples....
44
Madrid
44
New York
Rio de Junei
Bahia
Buenos Ayre
..
•
»
•
•
....
Valparaiso..
Bombay...
.
30
Is.
Is.
days.
short.
44
44
May 1.
•
•
•
•
•
•
•
•
•
•
•
•
•
«
•
•
•
•
•
•
,
*
*
-
■
,
,
,
May 1. 3 mos.
May 4. 60 days.
April 7. 90 days.
44
44
44
44
6 mos.
bfc
44
May 2.
•
....
.
25 5-32
•
May 3.
8%d.
b%d.
....
Ppnjllior
Alexandria....
May 2.
....
LFrom
After
a
our own
25.11
12.88
20.46
20.44
mos.
*4
April 4.-
....
Calcutta
Hong Kong...
Shanghai....
short.
March 27.
March 15.
March 2.
Pernambuco
Montevideo.
mos.
3
20.67
20.67
@20.71
@20.71
25%<@25%
47% @47% *
51%@51%
28.75 @28.80
23.75 @28.^0
28.75 @28.80
46% @46%
'
90
3
4b
13.17^313.22^
44
Frankfort
St. Petersbu
Cadiz
12.05
25.16
*0.38
44
44
short.
25.12% @25.22%
3 months. 25.32%@25 37%
RATS.
short.
May 4.
25.32 ^ @25.37 %
20.116 ©20.71
l»
Lisbon
Milan
Genoa
TIME.
DATE.
I2.2%@12.3%
'
44
Vienna
LATEST
RATE.
3
mos.
•
.
.
...
•
.
•
*
47.50
4.88
24%
24%
50d. g., 43%pap’r
42%@42%
24%@2 •:%
>
Is. 9V%d.
1*. 9)id.
4s. 0%d.
5s. 5%cL
97*4
correspoudent.1
London, Saturday, May 5, 1877.
long period of extreme ease in the money market, tbe
Bank rate has been raised from
2, at which it was fixed on tbe
April last year, to 3 per cent. It is well known that
tbe position of the Bank has been steadily declining
during the
of closer trade relations
upon our own and our sister whole of the present year, and
naturally no surprise has been
continent, sustained by the removal of vexatious anc occasioned at a change having been made, more especially as
obstructive duties, which serve no good
purpose to any¬ money is still very cheap. Since last September, when tbe Bank
one, might open the way for the export of the small presented a very strong appearance, there has been a vast altera¬
20th
tion.
of
On tbe
20ok of that month the total reserve amounted to
surplus of goods and wares that now weighs down our
£22,240,069, and tbe supply of bullion to £35,017,529. The former
market. Next might follow the
steady and orderly is now £10,926,036, and the latter £25,004,021. In the one case,,
adjustment of our whole system of revenue to such therefore, there is a diminution of £11,319,433, and in the other
moderate rates ,as would
advocate of the free-trade
assure
stability, because
theory would submit
the
to
them,
for revenue, while the advocate of
the protective
theory would sustain them as being safer
as
being
necessary
than the excessive rates that stimulate that
most dan¬
gerous of all competition—the construction of mills and
works by men unskilled in the
In such
undertakings.
measures
there would be
no
compromise, but
only that adjustment of systems and methods which it is
the function of true statesmen to
bring into practical
operation, as nearly in harmony with the theories of the
student as human affairs will permit.
I trust it may not be considered an
assumption
part in thus
on my
elaborating a letter which was first written
for your private use, but which
you in all kindness, but
somewhat to my regret, have published
it.
just
as
I
wrote
It would
certainly be more comfortable if one who
enjoy the editor’s impersonality.
Yours, very truly,
Edw. Atkinson.
is not editor could
BAM TAXATION.
The
on
following is the amended form in which
bank taxation
Albany for to-day:
was
made
a
Mr. Cowdin’s bill
special order in the Senate at
of about
£10,000,000. Tbe proportion, also, of reserve to liabili¬
ties, which was in September last 63*11, has receded to 37*56 per
cent.
These figures alone justify the change which has been
made, more especially as it will iu no way impede legitimate
enterprise. The demand for gold for export to France and Ger¬
many, tbe rise in the prices of cereal produce and of some other
commodities, as well as the uncertainties which exist regarding
tbe political future, also warranted an immediate advance ; in
addition to which the Continental money markets are firmer than
they were. At the same time, however, the supply of commer¬
cial bills is limited, and although certain branches of our trade
are more active, yet in others much caution and
inactivity pre¬
vail.
Trade with the disturbed districts is almost at a stand, and
it can be scarcely thought, likely that in the present condition of
affairs in tbe East, merchants will feel disposed to extend their
operations. Merchants, as well as politicians, are watching the
course of events with much care and
anxiety ; but, up to the
present time, military operations have not led to a result which
can be
regarded as calculated to afford any reliable cue as to the
future. The debate in Parliament next week will, however,
bring out the state of feeling in this country, as far as it ie
represented in that assembly, and possibly the reply ol Lord
Derby to Prince Gortchakoff’s note may also be made known.
There is, however, a belief that the war will not be a
long one,
and that Russia will
not
be
disposed, if victorious, to provoke
jealousies of the interested Powers of Europe. We have
yet, however, to discover how the Turks defend themselves, as
the
the two armies have not yet come into contact..
Section 1. No tax shall hereafter be assessed upon the
capital property or
franchise of any bank or banking association, orgnniztd under the
The demand for money for commercial purposes
authority
of this State or rhe United
has been far
States, except ns is hereinafter provided.
Sec. 2. The shareholders of every bank or
from active.
The Bank, however, has transacted a
hanking association shall be
larger busi¬
assessed and taxed upon their shares of stock
therein, in the same manner
and to the same extent only
ness, the total of “ other securities” having been augmented by
as upon other personal property, and if it shall
appear, from the returns annually made for purpose of taxation
by any such £1,212,643, increasing it to £20,483,345, against £17,813,219 last
hank or banking association, that a portion of its
capital arid assets is invested
m real
estate, or iu securities, exempted from taxation, when owned by other year, £18,922,659 in 1875, and £27,784,564 in 1874. The note
persons or corporations, a nro rata deduction shall be
made in estimating and
determining the taxable liability of such shareholders. And provided, further circulation is heavy, being £29,415,035, but the total reserve of
that nothing herein contained shall he held or construed
to exempt from taxa¬
notes and coin is only £10,926,636, against £13,157,471 iu
1S70.,
45S
The
quotations for
money are as
Per cent,
Bank rate
3
Open-market rates:
30 and todays’ bills
3 months’bills
The
2%@2%
follows:
j Open-market rates:
Percent.
j 4 months’bank bills
2%r<£3
(
6 months’bank bills.
3 <®3V
4 and 6 months’trade bills. 3
@3%
!
joint-stock banks and discount houses have raised their
deposits, and the quotations are now as under:
rates of interest for
Joint-stock banks
Discounthouses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
187-432
2
2
*.***.*’’’*
(&...[
2v„'(&
Annexed is astatement
of
showing the present position of the Bank
of discount, the price of Consols,
quotation for English wheat, the price of
Middling
England, the Bank
the average
-Upland
cotton, of
Bankers’
rand the
■four
previous
.
..
.
rate
No.
40’s Mule twist,
fair second quality,
Clearing House return, compared with tbe
years:
1873.
,
'Circulation, including
bank post
1874.
bills
1875.
1878.
1877.
£
£
£
£
28.552,376
5.903,334
21,609,725
29.415,035
6,315,550
22,480,099
14,545,365
15,340.207
18,922,659
17,813,219
20,482,345
12,643,101
7,113.589
19,131,337 20,012,507
13,380,963 13,803,274
25,272,370 27,784,564
coin...
Coin and bullion in
both departments....
10,277,657
9,603,552
9,598,533
13,157,471
10,928,636
21,S65,462
21,289,947
20,969,578
26,377,261
25,004,621
Proportion of
reserve
to liabilities
47 25 p. c.
Bank-rate
Consols
4#
English wheat
Mid. Upland cotton....
Q3%
93%
54s. lid.
62s. Id.
8 15-16d.
4 p. c.
p. c.
9 1-lSd.
No.40s, mule twist fair
2d quality
Is. 2j!fd.
Clearing House
return
following
3%
p. c.
94
37*56 p.
c.
3 p.
c.
2 p. c.
.
96
44s. lid.
?4
55s. lOd.
6%d.
42s. lOd.
7 15-10d.
5%d.
la. Id.
Is. 2%d.
ll%d.
9%d.
109.294,000 119,118,000 139,369.000 110,577,1)00 110,46l,uU0
are
the current rates of discount
at the
leading
cities abroad:
Bank
Open
Paris
o'
-j
4
4
4
Hamburg..
Berlin
Frankfort
Viennaand Trieste..-..
Madrid, Cadiz and Bar¬
celona
Lisbon and Oporto...
'St.
Bank
rate, market.
Amsterdam
Brussels
2
2%
4
3%
4%
and
Rome
4
Leipzig
3%
Genoa
Geneva
New York
Calcutta
3%@3%
4%
8
6
6
Petersburg
8*
.....
Turin, Florence
3
6
Open
market
per cent, per cent
rate,
2%@3
4%
5
8
3
•
.
Copenhagen..
..
•
3
•
4%
..
4@5
10
4%
The
weekly sale of bills on India was held at. tbe Bank of
England on Wednesday, and the total amount of bills disposed
of was £310,000—£45,000
remaining from last week having been
included.
Tenders
on
Calcutta and Madras
Is.
S£d. for tele¬
and for bills at that price in
Bombay at Is. 9d. will be entertained in full.
at
grams received about 73 per cent,
full.
Tenders
Last week the
on
rate
obtained
was
The silver market has been
now
53£d. to 54d.
Is. 9d.
on
all Presidencies.
dull, and the price of fine bars is
per ounce.
Sir John Lubbock has issued the
the
on
following statistics showing
working of the Bankers’ Clearing House for the year ending
the 30tli of April, 1877, which is the tenth
during which
these statistics
ten years
have been collected.
The total amounts for the
have been:
Total for the
Year.
On Fourths of
the Month.
£3,257,411,000
3867-68
1863-69
3869-70
1370-71
£147,113,000
161,861,000
168,523,GOO
1S6,517,COO
229,629,000
265.985,000
272,841,000
255,950,003
210,8'7,000
231,630,000
3,534,039,000
3,720 623,(03
4,018,464,000
5.359,722,0 k)
6,033,335,000
5, y 93,.586,000
6,013,299.000
5,407,243,010
4,873,000,000
r874-75
1875-76
3876-77
On Stock Exch’ge On CcufoIs
Account Days.
Settl’g Days.
£444,413,000
550,622,0)0))
594,763,000
635,946.000
£132,293,000
142,270,000
148,822,000
942,446.(00
233,843,000
243,561.000
160,072,(0)
260,338,000
242,245.(00
223,756,030
1,032,474,003
970,945,000
1,076,585,000
962,595,00 >
718.793,000
169,141,000)
The total amount of
bills, cheques, &c., paid at the Clearing
during the year ending 30th April, 1877, shows, therefore,
decrease of £534,243,000 as contrasted with 1876. The
pay¬
House
sl
ments
on
Stock
793,000, being
a
Exchange
account days form a sum of £718,-
decrease of £243,802,000
compared with 1876.
days for the same period have
showing a decrease of £18,489,000 as
compared with 1876. The amounts passing through on fourths
of the month for 1877 have amounted to
£231,630,000, showing a
•decrease of £9,177,000 as compared with 1876.
Capitalists, believing in higher quotations for money, are
reluctant to lend or to invest just
at present. Last week a loan
for £1,500,000 in 3£
per cent stock, at 93, for the Corporation of
Birmingham did not attract sufficient tenders to justify an allot
rnent; and this week the Metropolitan Board of Works were able
to obtain only £704,300 out of a
required amount of £1,250,000.
The last loan is in a 3£ per cent
stock, the minimum price being
par.
Investors evidently think that, owing to the recent heavy
•depreciation in securities, profitable bargains can be made. Since
The payments on consols account
amounted to £223,756,009,
Wednesday, however, some capitalists have taken the balance
Metropolitan Board of Works loan, at par.
as
of
The
wheat trade was very excited in the
early part of the
week, and prices experienced a further advance, but a calmer
tone has since prevailed and holders find it difficult to obtain
the
recent improvement in values.
The rise here lias been so rapid
and so important that buyers
naturally begin to think that tlie
prices we are offering are quite high enough to attract all that
we require.
The loss of Russian supplies will of course be tem¬
porarily felt; but since the last time that Russian produce was
excluded from our markets, the number of countries which
sup¬
ply our wants has, as is well known, teen very considerably aug¬
mented. But, in addition to this, Russia, as a
wheat-producing
country, is not of the importance that it was. In 1865, our total
imports of wheat amounted to nearly 21,000,000 cwt., of which
rather more than 8,000,000 cwt. were received from Russia. In
1875, they were 51,876,500 cwt., but the contribution from Russia
did
27,900.963
5,703,973
17.2( 8,510
13,583,116
(May 19, It77,
the
£
26,807,200 27,049.005
Public deposits
Other deposits
Government securities.
Other securities
Reserve of notes and
The
g
THE CHRONICLE
not
exceed
10,000,000 cwt.; while last
year, out
of
a
total
import of 44,394,000 cwt., only 8,769,260 cwt. came from Russian
ports. In 1865,'other countries furnished us with the small
quantity of 165,487 cwt., but last year they supplied us with
3,308,356 cwt. In 1865 we were not in the receipt of supplies
from British India, but in 1876 that country forwarded us
nearly
3,280,000 cwt. The recent pause in the trade is due not only to
belief that present
prices are sufficiently high to attract ade¬
quate supplies, but to an impression that the war will be of brief
duration, and that Russia will be glad to make peace, on terms
a
consistent with her
dignity, and which will not provoke the
jealousies of the other Powers. This impression has been gain¬
ing ground lately, and has had a marked influence on the entire
field of commerce and finance ; and although it is but conjecture,
yet, as far as cereals are concerned, it has made speculators
thoughtful and anxious as to their position, should the conflict
be a short one, and peace quickly concluded.
Obviously,
the fall in prices would be very rapid, for not only would
there be the increase in the supplies afloat to this coun¬
try, arising out of tbe late heavy purchases, to deal with,
but there would also
be
a
renewal of shipments from
Russian ports, and we might thus be over-burdened with
produce. Only in the summer of 1875, owing to very unpro-.
pitious weather, prices advanced rapidly in the British markets,
and large orders were transmitted to the producing markets.
The result was that in September of that year our importations
were of unprecedented magnitude; a heavy fall took
place in
prices, and heavy losses were sustained. The value of wheat is
now much
higher than it was then, and, notwithstanding that
Russia is almost entirely excluded for the present from sending
us fresh supplies, yet buyers believe that
present prices are quite
high enough to effect tlie desired object. It is, indeed, contended
that the world’s surplus is below the average, but high prices
possess a great charm, and under existing circumstances pro¬
ducers are likely to take advantage of them.
It is also contended
that the period between the present time and harvest is some¬
what lengthy, but practically English harvests are world-wide,
and the new crop of wheat which is now being marketed at
Calcutta may almost be regarded as tbe commencement of a new
season.
It is more than probable that the Indian wheat crop,
now
gathered in, will be quickly marketed in this country, so
that in a few weeks time we shall be receiving supplies from a
new and
not unimportant source.
In Algeria, also, tbe crops
will soon be ripe, and the same may be said as regards Egypt.
No delay will be experienced in sending supplies forward, as
profits might be endangered, tbe present position of the trade
being an uncertain one.
As regards other cereals, tlie market has also been less firm.
Indian corn, owing to the announcement that heavy shipments
have been made from New York, is much cheaper, and other
articles can only be disposed of by submitting to lower prices.
According to tlie official return, tbe sales of English wheat in
the 150 principal markets of England and Wales, during the
week ended April 28, amounted to 33,549 quarters, against 41,916
quarters last year, while in the whole Kingdom it is estimated
that they were 134,200 quarters, against 167,759 quarters in 1876.
Since harvest, the sales in tbe 150 principal markets have been
1,609,756 quarters, against 1,570,903 quarters; and it is computed
that iu the whole Kingdom they have been 6,439,000 quarters,
against, 6,283,600 quarters iu tlie corresponding period of 1875-76.
Without reckoning the supplies furnished ex granary, it is esti¬
mated that the following quantities of English and foreign wheat
and flour have been placed upon the British markets since har¬
vest:
own
May 19, 1877.]
187rf-7.
1874-5.
1875-6.
1873-4.
cwt.
cwt.
25,-163,801
4,173,905
37,295,*6)6
27,902,503
27,229,003
....57,394,766
687,171
Exports of wheat and flour....
69,053,225
Result
56,707,595
At. price of Eng. wheat for season
49s. 9d.
Imports of wheat
Imports of flour
Sales of home-grown produce:
Total
25,29V 45
4,807,132
36,550,403
29,063,294
4,576.516
30,760,003
251,586
65,650,677
217,688
64,399,803
1,737,914
69,831,639
45s. 6d.
66,432,989
43s. lUd.
62,661,896
61s. 9d.
4,558,581
.
.
The
following figures show the imports and exports of cereal
produce Into aud from the United Kingdom since harvest—viz.,
from the 1st
September to the close of last week—compared with
the corresponding periods in the three previous years:
IMPORTS.
1876-7.
Wheat
cwt.
1874-5.
1875-6.
25,363,301
Oats
Peas :
Beans
7,307,609
29,063,284
6,630,342
6,577.494
747,402
3,066,536
10,509,479
1,123.005
1,711,160
1,028.351
2.506,988
16,341,964
4.558,589
22.012,890
4,128,965
.
1873-4.
25.2.93,145
10,259,493
5,948,602
37,295,636
6,114,360
Barley
Indian Corn
Flour
459
THE CHRONICLE
9,673,228
4,807,132
4,576,5.6
Redm.
Pastern Railway of Massachusetts, 6a
1906
Erie convertible bonds, 6s
1875
Do. 1st cons, mort., 7s
.1920
Do. with reconstruction trustees’ certificates of 6
coupons
Do. 2d consol, mort. 7s
1894
Do. reconstruction trustees’ certificates, 7s
Gilman Clinton* Springfield 1st M., gold, 7s...1900
Illinois & St. Louis Bridge 1st mort., 7s
Do.
do.
2d mort., 7s
Illinois Central, sinking fund, 5s
Do.
6s
Do.
5s
Ill. Mo. & Texas 1st mort., 7s.
April 28.
72
72
72
1895
1905
1891
© 71
@ 36
@ 55
@ 94
@ 74
31
34
45
92
55
88
98
@ 60
@ 90
@100
@ 89
@
...
@
@ 96
. •. <
*94*
89
§95
87
97
87
1901
<@ 70
@ 36>
@ 36
@ 55
@ 94
@ 60
@ 90
@100
87 @ 89
© 36
*93’
19u2
@77
@ 73
@78
63
34
45
92
65
88
98
87
1903
@ 74
69
34
1900
Lehigh Valley consol, mort., 6s, “A”
Louisville & Nashville, 6s
Memphis & Ohio 1st mort. 7s
May 5.
72
71
71
@ 77
87
97
87
@ 99
@ 89
Milwaukee & St. Paul, 1st mort. 7s
1902
Newr York & Canada R’way, guar, by the Dela¬
92 © 91
ware & Hudson Canal, 6s
1904
N. Y. Central & Hudson River mort. bds., 6s..1903 104 @106
83 @ 85
Northern Central Railway consol, mort., 6s....19G4
Panama general mortgage, 7s
1897 98 @100
Paris & Decatur
25 @ 35
1892
Pennsylvania general mort. 6s
1910 ICO @101
Do.
consol, sink’g fund mort. 6s
1905
89#@ 90#
@ 80
@ 99
@ 89
89
106
83
98
25
@ 91
@103
@ 85
@100
@ 35
102#@103#
92# @ 98#
EXPORTS.
Wheat
234.S95
Barley
19,815
Oats
Peas ...:
Beans
Indian Corn
173,099
177,689
20,376
23,049
28,790
349.343
33.080
28,128
16,691
..
..
Flour
22*4,414
72,466
49.644
16,432
227.832
6,292
,1913
.1881
1,635,647
Do.
9,690
2,304
105,200
1,727
41,917
44.58S
pervaded the stock markets, and the majority
of changes have been favorable.
A belief in a short war and in
its localization has checked speculative selling, but no reliance
can be placed upon the markets.
In American securities the
dealings have been upon a very moderate scale, but the tendency
gen.
following were the closing prices of consols and the
principal American securities to-day and on Saturday last:
Redm.
Consols
United States
188!
Do
Do
April 28.
@
108»4@109#
102)4@103#
1885
1885
91
5-2Ps
5-20
Do funded, 5s.
Do 10-40, 5s
@107
107#@108
105#@105#
107H@108#
.1881
1904
103
$97,000,000, scrip
Louisiana Levee, 6s
Do
6s
Massachusetts 5s
...
105
U. S. 1867,$371.346,350iss. to Feb. 27,’69, 6s... .1887
@103#
35
1888
5s
5s....
58
1900
...
.
..1889
.
1895
5s....
Virginia stock 5s
6e*
New funded, 6s...
@ 45
35
103
106
104
58
Do
@ 45
@105
@108
@106
@106
@106
@106
@ 35
@-34
@ 69
101
104
104
30
32
67
Mav 5.
91#@ 9 #
109
@110
102# @103#
105 @107
108 @103#
105#@106#
!07#@108#
103
35
35
103
103
@103#
@45
@ 45
@105
@105
101 @106
104 @106
104 @106
104 @106
30 @ 35
32 @ 34
67
@ 69
Albany & Susquehanna cons. mort. 7s. Nos.501
to 1,500, inclusive, guar, by Del.&Hud.Oanal.l906
Atlantic * Great Western 1st M., $1,000, 7s... 1902
Do
2d mort., $ 1.000,7s.. 1902
Do
3d mort., $1,000
1902
1st mort. Trustees’ certificates
2d
do
do
3d
do
do
94
17
6
3
17
6
....
3
25
25
Atlantic Mississippi & Ohio, Con. mort., 7s
1905
do
Committee of Bondholders’ ctfe.
Baltimore & Potomac (Main Line) 1st mort, 6s. 1911
do
(Tunnel) 1st mortgage, 6s,
....
(guar, by Pennsylvania & No. CentRailway).1911
;Central of New Jersey, cons, mort., 7s
1899
Central Pacific of California, 1st mort.. 6s.
1896
Do Califor.& Oregon Div.lst mort.gld. bds,6s. 1892
Do Land grant bonds
1890
Del. & Hud. Can. 7s
Detroit & Milwaukee 1st mortgage, 7s
Do
2d mortgage, 8s
1875
1875
© 96
© 19
94
17
6
3
15
4
2
25
25
82
8
4
© 19
© 8
©
©
© 4
© 30
© 30
© 81
82
82
50
102
89
87
89
30
30
© 84
@ 96
© 19
© 8
@
@ 84
83
50
© 52
©103
© 91
© 89
@ 91
© 40
© 40
4
@ 19
@ 8
© 4
@ 30
@ 30
@ 35
@ 52
102# @10314
89
87
84
30
30
@ 91
@ 89
@ 91
@ 40
@ 40
6#@ 6#
15 © 17
6#@ 7
15 @ 17
33
© 35
72 @ 71
51 @ 53
90 @ 92
99 @101
34
34
72
51
90
99
50
@ 52
....@
50
!11#@112#
112
89
25
Do preference, 7s
Do convertible gold bonds. 7s
....1904
'Galveston & Harrisburg, 1st mortgage, 6s
Illinois Central, $100 shares
191.1
Lehigh Valiev, consolidated mortgage, 6s
1923
Marietta & Cincinnati Railway, 7s
1891
Missouri Kansas & Texas, 1st mort., guar, gold
bonds, English, 7s
1904
New York Boston & Montreal, 7s
..1903
New York Central & Hudson River mortg. bonds.7
New York Central $100 shares
.
Oregon & California, 1st mort, 7s
*
do
Frankfort Commit’e Receipts,
Pennsylvania, $50 shares
Do.
Do.
1st mort., 6s....
consol, sina’g fund mort.
Philadelphia & Reading $5b shares
1890
x coup.
J880
6s
1905
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
© 35
@ 36
@ 74
fc6
25
25
@ 88
@ 27
@ 27
33#@ 34#
100 @103
86 @ 83
10 @ 12
@ 53
Do.
do.
1892
1874
Do.
•..
@113
@ 91
@ 27
@ 27
25
34
100
88
10
@ 35
@103
@ 90
@ 12
97
@ 99
@ 98
98
@100
99
@101
87
8s.
Ex 6 coupons,
@ 89
.©
•
•
15
35
.1895
.1902
,1910
1902
,1909
1903
,1902
•
35
1903
,1876
103
103
105
,
Chicago & Alton sterling consol, mort., 6s—
Chicago & Paducah 1st mort. gold bonds, 7s..
Cleveland, Columbus, Cin. & Ind. cou. mort.. .1913
*
© 88
© 92
© 70
© 52
© 96
95
86
© 97
© 91
68
94
102
ms8
.1896
1894
.1901
© 72
68
© 72
© 86
94
© 96
@104
@104
103
103
6s.
@105
102
© 88
@105
33
87
January. 1372, to July,1874, inclusive.
22 89
@ 91
...
...
...
@ 8‘J
©
.@
© 40
© 20
.©
©
©105
@105
...
.©
@ 40
© 20
© 38
@ 40
©105
@105
@107
.@
23 @ 32
1(3 @P>5
Hi © 67
.
Thedaily closing quotations in the markets of London and Liver¬
pool for the past week have been reported by cable, as shown in
the following summary:
London, Money and Stock
Market.—The bullion in the Bank of
England has increased £100,000 during the week.
Mon.
Sat.
93#
account..
...
£5
15
...
•
•
•
1(3
103
103
•
.
.
28
101
62
87
.
...
•
@105
@
@ 32
...
s[.@105
@ 67
© 89
94
91
U.8.6S (5-20s) 1867.... 108#
U. S. 10-408
..10«#
New 5«
106#
New 4#s
103#
108#
108#
106#
103#
Fri.
94 8-16
94 3-1&
Wed.
Tbur.
93 13-16 93 13-16
93 13-16 93 13-16
Tues.
94
Consols for money.. 93 11-16 94
41
108#
103#
108#
106#
102#
108#
108#
106#
xl02#
108#
1 Id#
103#
109
108#
106#
102#
The quotations for United States new fives at Frankfort were
U. S.
new
fives
....
....
....
....
Liverpool Ootton Market.—See special report of cotton.
Flour (extra State)
#bbl
Wheat(R. W. spring).# cti
44
(Red winter)..... 44
(Av. Cal. white).. 44
“
(C. White club)... “
Corn(n.W. mix.) # quarter
d.
30
s.
0
12
3
.
0
3
30
12
0
3
7
3
6
6
12
13
26
40
»■»
6
8.
0
3
30
12
13
26
40
12
12
30
12
•
....
9
3
9
12
13
21
40
d.
12
30
Fri.
d.
Thur.
b.
8.
....
.
12 9
13 3
26 9
Peas (Canadian) V Quarter 40
Wed,
d.
Tues.
s.
d.
Mon.
d
30 0
12 3
Sat.
8.
6
•
.
•
12
13
26
40
7
3
13
25
40
3
0
6
O
3
6
6
•
r
3
0
0
Liverpool Provisions Market.—
Beef (prime mess)
.# tc.
Pork (W’t. mess)— #bbl
Bacon (1’g clear inid.)$ cwt
Lard (American)
44
Cheese (Amer’n fine) 44
.
...
*
For
d.
s.
95 0
66 0
39 0
47 6
75
95
66
39
47
75
0
0
0
0
0
0
s.
90
65
38
0
0
94
65
38
47
75
Fri
Thur.
Wed.
8. d.
Tues.
s. d.
95 0
66 0
3) 0
47 0
75 0
Mon.
d.
Sat.
8.
6
0
46
75
0
d.
0
0
6
6
0
d.
&
O
6
&
0
p.
87
64
32
46
*?2
new.
Liverpool Produce Market.—
Rosin (common)... #cwt..
44
44
(fine)
Petroleuifl(reflned)... .# ga!
t
spirits)#
.
• • .
.
9
0
43
43
Tallow (prime City).. 12 cwt. 43
43
60
60 0
“ 60
28
23 6
8pirits turpentine
“ 28 6
London Produce and Oil Markets.—
Cloverseed (Am. red)..
.
(jotttmetcial
Imports
d.
9 15 0
59 6
6
0
0
0
0
s.
31 0
0 0
0 0
30 0 0
85
35
5
10
9
0
0
6
9
6
0
42
50
6
0
50
6
0
6
42
60
28
42
28
6
28
0
Thur.
£ 8. d.
9 15
59
9 15
5J
0
6
9 15
59
0
6
31
0
0
0
0
0
31
85 0
35 0
29 15
0
31
0
0
0
0
35
0
29 10
85
35
30
0
0
12*
8*
12#
8#
12#
'
Wed
£ 8. d.
Tues
£ 8. d.
8.
85
Fri.
8. d.
9 15 a
59 6
£
0
6
0
0
0
0
31
85 0
35 0
29 10
a
0
0
0
cmft ftttgceHanftmg Niros.
Exports for the Week.—The imports this
decrease in dry goods and an increase in general mer¬
The total imports amount to $6,763,597 this week,
week show
chandise.
Mon.
£.
d.
9
6
12#
12#
9
0
0
0
Thur.
Fri.
d. b. d.
5 9
5 »
10 6
10 6
Wed.
s.
s.
s.
12#
1
Tues.
d.
5 9
10 6
Mon.
d.
5 9
10 6
Sat.
s. d.
5
9
10 6
Linseed (Cal.) $ quar. * 59
Sagar (No. 12 D’ch std)
81
on’spot, cwt
Sperm oil
% tun.. 85 0
Whale oil
“
35 0
LIuHeprt of1.. .ip ton 29*0
96
R’y.
do.
Western exten.
Do
6s
Do.
6s
Burl. C. R. & Minn., 7s
Cairo & Vincennes, 7s
do.
@ 52
@ 99
© 97
1902
Do.
do.
Sat.
£ s. d.
Llns’dc’ke(obl).# tt. 9 15 0
95
....
1889
1898
1910
do.
do.
do.
© 52
98
@ 98
94
89
guar, by Baltimore & Ohio RR. Co.. 6s..
outh & North Alabama bonds, 6s. ...*..,
@ 92
@101
...
...
97
@ 36
AMERICAN STERLING BONDS.
Do
© 84
68
50
mort, 1874, 6’s.
44
AMERICAN DOLLAR BONDS AND 8HARES.
Do
Do
Do
© 98
Bugllsti iflarkel Report*—Per Cable.
The
Do
© 92
© 70
© 6&
53
96
96
84
90
68
50
s
has been favorable.
Do
Do
Do
Do
Do
© 55
© 98
90
...
.1920
.1911
.1897
Do.
Do.
102,267
A firmer tone has
3
53
96
96
82
and
a
against $6,188,155 last week, and $7,24.4,064 the previous week.
The exports amount to $4,031,748 this week, against $5,955,72&
last week, and $4,501,867 the previous week. The exports of
cotton the
past week were 9,476 bales, against
6,681 bales last
New York for week
ending (for dry goods) May 10, and for the week ending (for
general merchandise) May 11 :
week.
The following are the imports at
FOREIGN IMPORTS AT NEW YORK
I*OR THE WEEK.
187d.
1874.
1875
$1,612,139
$1,339,776
General merchandise...
5,911,733
Total for the week.
$7,523 869
Drygoods
Previously reported.... 151,226,213
Since Jan. 1
$158,750,082
1877.
$1,252,882
' 3,210,586
$758,099
4,107,578
$4,550,362
133,181,688
$4,865,677
116,778,431
$6,763,597
116.460,263
$137,735,050
$121,644,108
$123,223,860
5,510,745
460
THE
CHRONICLE
In our report of the dry goods trade will be found the
imports
of dry goods for one week later.
The following is a statement of the
exports (exclusive of specie)
from the port of New York to
foreign ports, for the week ending
—Messrs. 8. M. Pettengill & Co., of 37 Park
Row, have just
issued their ‘‘Newspaper
Directory and Advertising Handbook”
for 1877.
This book comprises a list of all
newspapers and
periodicals published in the United States and British
America,
and is adapted for use in the
particular business wherein Messrs.'
Pettengill have been so successful—that of general
throughout the country. It is a good feature that noadvertising
attempt is
made to give the circulation of
papers where the publishers
May 15:
EXPORTS FROM NEW YORK FOR THE WEEK.
1874.
For the week
1875.
1873.
1877.
|1,454,367
96,245.817
$3,998,621
81,236,344
$5,005,313
*103,700,204
$85,114,965
$87,702,288
Previously reported....
Since Jan. 1
' $4,031,718
82,616,975
92,321,728
themselves do not choose to state it. In those cases
where the
circulation and character of
newspapers is given, the statements
made are often as false and absurd in this book as
in others of its
To parties in the
class.
newspaper business these are merely
ridiculous, but a confiding public may sometimes be misled
by
positive assertions that a certain paper has a circulation of 5.000
or 10.000, when in fact it ha3 not
500 or 1,000, or perhaps
$96,353,476
The following will show the
exports of specie from the port of
New York for the week ending
May 12, 1877, and also a com¬
corresponding figures
parison of the total sinie Jan. 1
for several previous years :
May 9—Str. Scythia
May 9—str. Columbus
May 10—Str. Wieiand
with the
Liverpool
Amer. gold coin..$1,000,030
Span, gold coin..
276,00 »
Havana
London
Amer. gold coin..
Silver bars
Mex. g. and s. c'n
Amer. silver coin.
Silver bars
v
Paris
May 12—Str. Oder
250,000
125,100
175,000
51,500
9.0: 0
Southampton. ...Amer. gold coin..
Havre
Amer. gold coin..
Paris
May 12—Str. Britannic
3?0,000
Amer.
Liverpool
100,000
250,000
72,800
25,000
5,000
gold gold..
Silver bars
Trade dollars.....
,
Mex. silver coin..
Amer. silver coin.
5,000
Eng. gold coin.
Amer.
Total for the week
Previously reported
1875
1874
1873
1372
1871
..$10,613,065
in—
Same time in—
$20,231,239
1870
1869
1868
1867
29.077.412
16.423.8S6
19.960,727
t.
The imports of
been as follows :
18.0J5.51S
30,414,290
....
$10,206,910
11.962,577
29,0 0,35:1
14,991.478
1866
16,964,006
r.
specie at this port during the
May 5—Str. Wieiand
Hamburg
May 8—Brig Wm. Phipps
Aux Cayes
May 10—Str. City of Vera Cruz. Havana
May 11—Str. Colon
Aepinwall
same
periods have
..Gold coin
Silver
1872....
Same time In—
1871
,—U. S. Bonds heldFor
For
Circulation. Deposits.
$
$
8 614,624
3,064,855
1,056,013
Back Notes
in Circula¬
tion.
Com
Bal. in
Coin.
Treasury.
Currency.
$
$
$
Aug. 19. 339,395,850 18,723.000 327,489,841 61,156,039 12,572,436
Aug. 26.. 338,823,850 18,723.000 326.562,064 62,590,612
10,922,317
Sept. 2.. 338,373,850 18,723,000 325.917.652 62,511,956 11,666,805
Sept. 9.. 337,650,850 18,743,000 325,350,188 60,310,982 11,327,607
Sept. 16.. 337.318,650 18,743,000 324,832,877 63,201,594
10.797.523
Sept. 23.. 317,903,100 18,758,000 321,830,094 63,447,890 10,995,217
Sept. 30.. 337,942,300 18.828,000 324,853.6 '>7 61,591,124
12,524,945
Oct. 7.... 337.585.800 19,153,000
324,626,171 66,426,103 12,664,017
Oct. 14.. 337,020,800 1 9,153,00 0 322,792.226
68.165.859 13,013,083
Oct. 21.. 337.269,800 19,153,000
324,970,142 71,273,106 13.229,346
Oct. 28.. 317,499,800 19,153,000 3-23.100,537
74,741,271 12.624.707
Nov. 4-6*
19,153.003
Nov. 11-13*337.954.800 1 9.153.000
Nov. 18.. 337,849,830 19,103,0)0
Nov. 25.. 337.996,000 19,053,000
Dec. 2... 337,875.803 19,053,000
Dec. 9.. 337,594,300 18,981,000
Dec. 16.. 337.602,800 18.947,OtiO
Dec.21-26*337,914,800 18.967.000
Dec. 30.. 337,612,300 19,017.030
1877.
Jan. 6-S* 338,328.700 19,037,000
Jan. 13.. 337,993,700 19,042,000
Jan. 20.. 338,545,200 19,062,800
Jan. 27
339,032,200 19,087,000
Feb. 3-5* 339.121,950 19,199 000
Feb. 10.. 339,611,450 19,199,000
Feb. 17.. 339,300,000 19,149,000
Feb. 24.. 339,339,050 19.149,000
Mar. 3-6* 33^,591,350 19,206,000
March 10 338,601,550 19,206,000
March 17 339,205,550 19,206,000
March 24. 340,194.600 19.223,000
March 31. 340.123,600 19,323,000
.
.
332,680.528 75,688,077 12.248.524
321,799.003 75.153.860 12,931,088
322,711,479 78,537,832 11,672,484
321,552,274 81,485,046 11,487,829
321,825,931
321,981,801
7S.362.976
321,992.2S4
83 512,010
320.099.671
BANKING AND FINANCIAL.
William H.
York, May 10, 1877.
Dear Sir:
Our great confidence in
your railroad management induces us to address you
We are interested in the Michigan Central Railroad
and
84.559,701
322,674,824
to the first three columns
;
believe that
Company,
a
change in its direction is desirable.
This road, which, in common with
many of the Western railroads, has been
seriously affected by incurring questionable liabilities, we believe can be
relieved from its difficulties and again have confidence restored to it
by being
brought in close alliance with the roads -under your control. To accomplish
this
wc
offer you our
manner as
you
proxies, to be used in the coming election by you in such
shall deem for the best interests of the Company.
Yours,
very
respectfully,
Russell Sage,
C. J. Osborn,
tificates
Henry N.
out.st’d’g
George H. Chase,
Vermilyb & Co.,
W. S. Nichols & Co.,
Smith,
Thomas
£9,311,900
29.120,000
29,969,800
30.557.700
31.678.100
John Benjamin &
D. P.
S
Cammann & Co.,
H. R. Pierson,
Slocomb,
Morgan,
H. L. Horton & Co.,
Chape & Atkins,
Chase &
H.IL Cook,
30.969.400
Co.,
Higginson,
Delafield &
Fitch,
J. & N. C. Scoville.
29,777,900
30.266J 00
30.671.300
32.210.100
33.772.700
New York. May 11, 1877.
Messrs. Russell Sage, C. J. Osborn, Vermilyb &
Co., Cammann & Co.,
33.521.700
D. P.
3*786,200
35.753.300
H. N.
37.642.300
40,274,200
9,6.83,130
9,452,039
39.953.400
39,618.7'i0
50.170.900
52,795,10)
52.744.300
53.508.400
54.976.700
54.690.900
53.817.400
52.738.400
53.668.300
52.032,500
50.513.200
49,447.500
49,244*,*400
48,871,000
a8,4y0.600
49,555 300
49."75.0r0
48.397.700
the later date refers to
Morgan, Chase & Atkins, Thomas Slocomb, Delafield & Fitch,
Smith, and Others.
Gentlemen: Your communication of May 10 is received. Your tender of
proxies of the Michigan Central Railroad Company stock, to be used by me
for the best.interest of the
company, is highly appreciated. I have no desire
to increase the duties already
devolving upon me in railroad management, or
to reflect upon the official action of the
present direction of the Michigan
Central Road, with whom I ha5r.e the most
friendly relations. I am, however,
a stockholder in the
company, and will say to you, that if I receive your
proxies I shad use them as in my judgment will best promote the interests of
the company. I leave the city to-morrow, and
expect to return
of June, when the subject can be further discussed.
Very truly
Messrs. Chase &
published inviting holders of Michigan Central
stock to give their proxies to Messrs. Chase &
Atkins, 18 Broad
street, for the coming election. These proxies are to be used
by
Mr. William H. Vanderbilt, and the
correspondence in which he
consented so to use them, as well as the names of the
prominent
bankers and others by whom he was
requested to do so, will be
found at length in another column.
about the 9th
W. II. Vanderbilt.
yours,
New York,
Atkins, Bankers.
Gentlemen:
'
\
May 12, 1877.
■
■
Referring to the above correspondence, we should be pleased to have you
receive proxies for the purpose indicated. We believe a
policy of manage¬
ment such as is pursued upon the roads now controlled
by Mr. Vanderbilt
will result in important reforms, in great
economies, and in the harmon¬
izing of conflicting interests, to the ultimate benefit of the stockholders, and
that the changes thereby contemplated will command their confidence and
that of the
public generally.
Respectfully
—A notice is
New
Vanderbilt,-Esq.
cer¬
10,458,480
321,526,906 88,807,635
8,1S4,078
321,3(5,595 86.227,585
7.839,346
321,205,451 84.718.939
8,342,565
322.138.399 87,728,757
8,626,476
320,309,288 68,598,403 10,566,385
319,665,206 87,825,345 11,461,094
319,798,777 89.021,239 10,420,412
319,364,647 90,150.6^3
9.055,7'2
89.041,883
8,106,750
319,431.197 90,121,192
7,613,275
319,926,570 90.586.940
7,636.524
318.543,955 88,932,466
7,686,075
319,834 352
18,823.000 319,667,883 88,259,735
8,517*06*4
IS,798,000 319.750.378 88,326,221
9,288,595
18,898,000 319.521,328 91,039,235
8,899,675
18.99S00J 317.715.333 91,144,522
9,810,075
18,97S,S00 317,719,437 104,203,400 10.623,015
18.898,000 319.232,276 101,345,258 12,700,849
* The
earlier date applies
the last three columns.
—Messrs. J. R. O3good & Co., of Boston, have
just issued a
little volume entitled “ The Eastern
Question Historically
Considered,” by James M. Bugbee. This book, in the brief
space of eighty pages, gives an account of the difficulties be¬
tween Russia and
Turkey which have led up to the outbreak of
war, with notes on the resources of each
country and an abstract
of their treaties with the United States. It is intended
to furnish,
in a book of pocket
size, the main points which every one wishes
to know about the
present war.
5C0
660
United States Treasury.—1The
following table, presents a
weekly summary of certain items in the United States
Treasury
statements: '
May 5... 349,321,100
May 12. 340,5^6,100
delusion.
3,802
6.916,632
1869
1868
1867
641.121
April 21. 340,185,100
April 28 340,883,600
invite the careful attention of parties
as to
wanting genuine insurance on their lives. The proper effect of
recent developments in mushroom
companies in this city should
be to turn business men towards sound
corporations, and not to
lead them to the
illogical conclusion that all life insurance is a
7,658
$3,021,530
1870...,
1,720,827
April 7... 340.481,600
April 14.. 340,148,600
management, are such
500
$6,593,082
6,022.045
1,558.749
.
Company in our adver¬
tising columus. The large amount of the assets of this
company,
its standing in Boston, and the
character of its officers and their
this note.
$1,589,010
-
—The attention of Chronicle readers is directed to the
card of
the New England Mutual Life Insurance
$28,188
6,564,894
Total since Jau. 1, 1S77
8ame time in-
1376.
prints
copy and keep three
merchants disprove the
one
for office use.
How can bankers or
grossest falsehoods about newspaper circulation ?
Has any one
ever heard of an
advertising ayent who represented the circulation
of his journal as less thau
5,000 V
15,000
reported
1976
1875
1874
1873
only just enough to send each advertiser
$69
com
Gold coin
Silver coin
Go'd coin
Gold bars
Gold dust
Total for the week
Previously
750,000
$3,454,300
7,lr,3,765
\
Total since Jan. 1, 1877
8ame time
1876
10,000
gold coin..
[May IP, 1877.
yours,
Russell
'
In accordance with the
for
use
Saoe,
D. P. Morgan,
Vermilye & Co.,
Cammann & Co.,
John Benjamin & Co.
above, proxies will be received and blanks furnished
by
CHASE & ATKINS.
No. 18 Broad
slreet, New York.
May 19, 1877. J
(ftlie
OHKuNICLE.
flankers’
461
Registered.
©alette.
.
March.
NATIONAL BANKS ORGANIZED.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week
DIVIDENDS.
The following dividends have recently been announced
Peb
Company.
Cent.
Railroads.
Kentucky Central pref
do
’
do
com
Northern (N. H.)
3
o
Books closed.
(Days inclusive.)
$2 50 June
1
tion which
they apparently merit. First among these is the
sale by Secretary Sherman of
$5,000,000 of 4£ per cent, bonds, at
par in gold, to members of the Syndicate.
This is regarded as
the first definite
step towards preparations for resumption, and as
such it certainly is an important move in financial affairs.
All
sorts of plans and “
policies ” have been attributed to the Secre¬
tary, and it has even been stated that lie would presently come
out with an announcement of “
my policy ” in the future admin¬
istration of the Government finances.
But our best information
leads to the conclusion that
Secretary Sherman is wiser than to
form for himself any inflexible
plans to be carried out, and that
he will only go so far with the sale of bonds or
accumulation of
gold as be may do from time to time without disturbing the
natural current of financial transactions. It lias been
understood
since be returned from this
city to Washington,
he would
that
of
per cent, bonds monthly.
Another transaction worthy of notice is the movement ou tlie
part of the Trunk railroad officars to “pool” their
earnings on
through business.
The actual results of tlieir present
arrangement may or may not be important, but the fact of their
entering into any such compact at all has a much broader sig¬
nificance, and tends to show that they are heartily sick of hos¬
tilities.
The plethora of
money in this market is almost without prec¬
edent at this season; rates are not
actually lower than last year,
but the great quantities of
money seeking employment on call
at 2 per cent have
hardly ever been equalled. One unfortunate
circumstauce has been added
during the year to the many others
which have so seriously shaken the confidence of
talists
and
heavy investors, and that
government bonds.
May 1 a different tend¬
Calls have been made for $80,030,030 of six per cents, of which
over $63,000,000 are coupon bonds.
The dates at which these calls mature and
the amount of each class of bonds included, are thus shown.
(Registered.
.'
Juiief 3.
Money Market and Financial Situation. So far
as
our markets
are
directly concerned there has been very little
change in the situation from last week. There are one or two
general features, however, which have called forth some atten¬
$2,500,00(5
$70,800,000
ency appears.
May 12
May 28
FRIDAY, MAY 18, 1877-6 P. M.
at least
$11,350,500
“To appreciate the remarkable change effected since December 1 in the
location of the debt, it must be remembered that of the 6
per cent bonds
retired between December 1 and May 1, only $21,379,850 were
registered, and
$49,8 iO,700 were coupon bonds, so that of the coupon bonds retired only 2$8
per cent were replaced by coupon 4)4 per cents. But from February 1 to
May 1,
though $16,778,250 of coupon 6 per cents wore called in, only $391,55^coupon
4*4 per cents were issued. As the registered bonds are nearly all held in this
country, it is evident that sales abroad have almost wholly coased since Feb¬
Date.
May 22
May 22
The
probably sell
20,060,660
ruary 1, and yet coupon bonds amounting to $10,030,009 or $12,009,0190 have
been returned from abroad.
Until May the exports of coin were
small, and
the bonds were paid for by merchandise. But since
:
When
F’able.
‘MS
398,550
$58,649,500
:
2,357—First National Bank of Beatrice, Neb. Authorized capital, $50,000;
paid-in capital, $50,000. John E Smith, President; Samuel C. Smith,
Cashier. Authorised to commence business
May 12, 1877.
2,353—German-American National Bank of Washington. Authorized capital,
$130,<;00; paid-in capital, $127,100. John Kitz, President; Charles E.
Prentiss, Cashier. Authorized to commence business May 14, 1877.
Total.
$33,690,000
20,000,000
.
The United States
Coupon.
$7,618,550
3,888,400
,$25,981,450
7,661,800
5,606,451
...
June 10
June 15
June 27
July
Aug.
„
..
$7,003,009
7,003,000
7,000,000
7,003,000
'
1,533,550
9,530,003
9,503,000
9,503,000
8,581,000
$15,033,530
$05,081,000
;
503,0*0
5
5
500,000
Total
Closing prices have been
as
follows
:
--
May May May
period. 12.'
14.
15.
6s,1881
reg..Jan. & July. 114%. 114% *114*
6s, 18S1
coup..Ian. & July. 115* 115* 115%
Called bonds... .."
May & Nov
6s, 5-208, 1865, n. i... reg. .Jan. & July. Ill* *111% *111%
6s, 5-20s, 1865,n.i..coup..Jan. &July. Ill* 111**111,%
6s, 5-20s, 1867
reg. .Jan. & July.*114
114
114
6s, 5-20s, 1867
coup. .0an. & July. 114
114
114*
5s, 5-20s, 1868
reg..Jan. & July.*115% *115% *115%
6s, 5-208,1863
coup..Jan. & July.*115% *115% *115*
5s, 10-40s
reg..Mar. & Sept. 112% 112% *112%
5s,10-40s...
coup. .Mar. & Sept. 113* 113% *113*
5s, funded, 1881
reg..Guar.— Feb.*111% 111% 111%
5s. funded, 1881... coup..Quar.—Feb. 111% 111% 111%
Mav
.
4*s, 1891
4*9.1891
6s, Currency
May
Id.
Int.
17.
May
18.
114% *114% 114%
*115% *115)4 *115*
*111%
111*
114*
114*
*116%
*115%
112%
113%
*.111%
111%
reg..Quar.—Feb.*108% 108% *108% xl07%
coup..Quar.-Feb.*108% *108% *108% *108%
reg. .elan. & July. 125% *125
125% 125%
*111% *111%
111% 111%
*114*
114%
114%
114%
*115%
*115%
*112%
113%
*111%
111%
*116
*116
*112%
113%
*111%
111%
107% *107%
108% 108%
125**125%
•This is the price bid; no sale was made at the Board.
The range in prices since Jan. 1, 1877, and the amount of each
class of bonds outstanding May 1,1877, were as follows:
Amount
/—Range since Jan. 1, 1877
Lowest.
|
Highest.
Registered.
111
Mch. 1 illl% Jan. 17 $193,771,600
111% Mch. 1115% May 11
14 293,400
107% Feb. 25 111* April 24
108
Mch. 1 111% May 17
67,379,459
Ill
Mch. 1 114% May
97,814,900
113
Mch. 29 117* Jan.
15,565,000
109* Mch.
114% Jan.
141,996,500
110% Mch.
114% Feb.
109% Mch.
112% Jan
109
105% Mch.
April 17
109
108% May
May 17
May 1.
/
6s, 1881
reg.
68, 1881
coup.
6s, 5-20s, 1865
coup.
68, 5-20s, 1865,new..coup.
6s, 5-20s, 1867
coup.
6s, 5-20s, 1863
coup.
5s, 10-40s
reg.
5s, 10-40s
coup.
5s, funded, 1881.... coup.
4*s, 1891
reg.
bankers, capi¬
is the loss experienced
Coupon.
$3,000,(4)0
3,003,000
3,000,000
3.000,000
500,000
..
,
Coupon.
88.964*,750
66,024,700
135,273,650
212,807,850
21,908,830
52* ,569* 800
290,227,750
11,350,600
on
Last year, in the spring and
early summer,
corporations and other large money lenders found an outlet
some of their
surplus funds in the purchase of government
bonds, and they bought quite heavily, but the result was most
unfavorable, and at the end of the year there was an
average
loss of perhaps 10 per cent in the market
value of these securi¬
ties.
Now they are afraid to
buy, although it is possible the
old adage of “ liair of Ihe same
dog that bit you” might fur¬
nish the best
the
for
remedy.
On call loans
money is abundant at 2@3 per cent. Prime
commercial paper is in small
supply, and taken eagcrlv at 3.]@4£
2>er cent.
The Bank of England statement on
»
Thursday showed a
gain of £100,000 in specie for the week, and the discouut rate
remains at 3 per cent.
The Bank of France gained 12,800,000
francs in the
Closing prices of securities in London have been
May
May
Mav
4.
11.
18.'
U. S. 6s, 5-20s, 1867
U. S. 5s. 10-4l)s.'
108*
108*
108%
108%
New 5s
106
New 4* per cents
....
106*
103%
.
follows:
as
.—Range since Jan, 1, ’77.—.
Lowest.
109
107%
103%
107%
106%
105%
x!02% xlQ^*
April
April
April
May
I
Highest.
17 110% Feb,
17 110% Feb.
25 108% Apr.
16 103% May
6
6
10
15
.' State and Railroad Bonds.—The
activity and buoyancy in
Louisiana and South Carolina consols has still been the feature
in State bonds.
Louisianas sold to-day in New Orleans up to
92$, with 91
as the best price here, and 90£@90f at the close.
South Carolina consols sold at 7U@72L and the bill for payment
of interest still under discussion ia the Legislature.
Holders of
Pennsylvania 10-15 year bonds, known as second series, are notified
the Farmers’ and Mechanics'
The last
of the New York
The State Attorney-General
City Clearing-House
banks, issued May 12, showed an increase of $711,150 in the has given an opinion, unfortunately as we think, that the bonds
excess above their 25
need not be paid in gold.
per cent legal reserve, the whole of such
excess being
Railroad bonds are stronger throughout almost the entire list,
$17,532,700, against $16,821,550 the previous week.
The following table shows the
changes from the previous and in some bonds there has been a decided tendency to advance
week and a comparison with the two
as soon as any inquiry developed itself.
preceding years :
1877.
Closing prices of leading State and Railroad Bonds for three
1876.
1875.
May 5.
weeks past, and the range since Jan. 1,1877, have been as follows;
May 12.
Differences.
May 13.
Mav 15.
Loans and dis. $258,013,900 $256,519,600
Dec.$l,494,300 $255,8u8,8 )0 §285,216,900
Specie
23,119,100 23,272,500 Inc..
153,400
18,^81,000
Since Jau. 1, 1877.
10,344,500
May 1 May May
week.
statement
Circulation...
,
15,995,900
16,0 8,700 Inc..
72,800
Net deposits.. 226,957,000 227,226,000 Inc..
269 000
Legal tenders.
50,441,700
51,066,700 Inc..
625,000
United States Bonds.—There has
government securities this week,
that their bonds will be paid off at
National Bank in Philadelphia.
16.140,503
20,363,800
207,903,300 231,921,300
42,64 3,4 JO
£9,356,300
been a fair business in
4.
States.
Tennessee 6s, old
do
6s, new
...
“It is
Pitlsb. Ft.
apparent that a large proportion of the $40,003,0.70 taken ‘firm'
was purchased by the national bjnks. and that the
propor¬
tion taken abroad has still further diminished since
shows the amount of registcied and of coupon 4* per January. The following
cents taken eafih month”
now
by the Syndicate
is.
*43%
*43*
,
Lowest.
;
Highest.
42* Feb. 28
42
Jan. 11
45
Feb. 28!
44* Mch. 20
old
18* Mch. 71 22%) Jan. 6
*>"2% *81* 82* April 2 82* Apr. 2
Virginia 6s, consol
do
do 2d series... *41
*41
*40
38
-Jan. 161 45
Apr. 11
Missouri 6s, long bonds
*106% ♦106% *106% 104 Jan. 23; 107 May 17
District of Columbia, 3-65s 1924
Jan.
2! 74% Apr. 30
74%
74* *74% 71
North Carolina 6s,
and prices close a fraction
The bankers generally look upon the sales of 44
per
cents for gold as a check to
funding operations, and this lias
Railroads.
had some influence in making
prices firmer. Some of the finan¬ Central of N. J. 1st consol
cial corporations have also been in the
market, and, notwithstand¬ Central Pacific 1st. 6s, gold
ing the losses of last year, referred to above, they come back to Chic. Burl. & Quincy consol. 7s
Chic. & Northwest’n, cp., gold
governments as the only means of employing their funds
safely. Chic. M. & St. P. cons, s fd, 7e
Washington despatches of yesterday state that the Secretary had Chic. R. I. & Pac. 1st, 7s
then received $4,194,000 of the
proceeds from the sale of the Erie 1st, 7s, extended
$5,000,000 4£ per cent, bonds. As to the progress of the late Lake Sh. & Mich. So.2d cons.cp
consol.
Syndicate operations and the amounts shortly falling due under Michigan Central,lstmort 7s...
Morris & Essex,
the several calls, we
quote the following from the New York N. Y. Cen. & Hud. 1st, coup...
Ohio & Miss., cons. 6ink. fund
Tribune :
higher.
*‘43 *
*43
*18k
*82
11.
44
44
22
do
Thia
sinking fund....
ia
55
55% 50
55*
108% 108% *109%
109% ♦109% *110*
VI
91% 80%
88^
86%
84%
86* 78
108% 1°8% 109*
*110
100
“Il l
18*
68
Wayne & Chic. 1st 1*119
St. Louis & Iron Mt.. 1st mort.)
Union Pacific 1st, 6s, gold
tha nri/'n Kiri
*
97
*111
102
101
*117
1-3*
*110
*1C0*
100*
♦114*
119% *119*
*89%
90%
121
97
j 104% 105%
i
*21
93%
*98
106%
*94*
Mch.
.Jan.
5
Mch. 6(110
May
Mch. 16 110% Jan.
Jan.
April 111 93*
Jan. 26 i 88* Jan.
Feb. 23;il0
Jan.
Jan. 15 114% Apl.
97
102
April
May
100
May
104% Mch.
113
Feb.
117* Feb.
114
Mch
120
May
81% Jan.
90% May
Feb.
[17
Jan.
121
102% Jan.
<J2% Mch.
[03
Jan.
9|106* May
92% Mch. n! 98% Feb.
17
5; 85
,
29
2
2
2
19
10
12
5
15
18
7
3
18
6
462
The
THE
following
were
sold at auction
[May 19, 1&77,
CHRONICLE
Latest
:
earnings reported
1877.
SHARES.
SHARES.
20 Louisville N. Alb. & Chic. R’y 1
87 8t. Nicholas National Bank.. 90%
100 N. Y. Prov. & Boston RR
.133
200 American Coal Co
37%
26 Bank of Manhattan Co
137
50 Republic Fire Insurance
85-89
100 Equitable Trust Co
100
50 U. S. Trust Co
340
10 N. Y. Life Ins. & Trust Co.. .380
1:J0 Pennsylvania Coal Co
lfcO
13
10
25
15
16
16
S8
60
20
Adriatic Fire Insurance
81
National Trust Co
90
U. 8. Life Ins. Co., guar, st'k.196
Mechanics’ & Trad. Nat. B’k.123
.
Pennsylvania Coal Co
180
Empire City Fire Insurance.. 124
N. Y. Equitable Insurance.. .200
Fireman’s Fund Insurance... 74%
Phenix Insurance
156
15 Park Fire Insurance
..
25
Safeguard FireInsurance.131-131%
U. S. Life Insurance Co. 7
Dividend Scrip...,
ner
ct
*
79 to 95
137%
Railroad and miscellaneous Stocks.—The
stock market
has been
generally steady on a fair business—the coal stocks and
Michigan Central forming the principal exceptions to this re¬
mark.
The coal stocks and those of their leased lines are weak
on the prospect that the
price of coal may go lower, and that the
combination may not be effective to maintain it.
It seems to be
admitted that this feature is the weakest spot in the general situ¬
ation, and that otherwise the outlook for stocks is good. Michi¬
gan Central has fallen off on the closing of the books for the
election which is to take place in June—and it is not known yet
which party will be successlul in controlling a majority of the
stock.
As to the recent meeting of Trunk-Line officers in this
city, it has been commonly reported that it resulted in an agree¬
ment to pool their earnings on west-bound
freight substantially
as follows: 33 per cent each for the New York Central and -Erie,
25 for the Pennsylvania Central, and 8 for the Baltimore & Ohio.
No contract, however, has been made public.
Western Union Telegraph had been well sustained of late, in
view ot the attacks on it and the
large reduction in rates, but fell
off somewhat this week, and the next quarterly statement of the
company will be looked for with much interest.
Total sales of the week in leading stocks were as follows :
Del. &
Hudson.
Lake Weat’n
Shore. Union.
May 12
22,770
21,950
14
15
33,3:2
19,015
25.300
“
16...:...
“
29,825
17
18
6,800
40,200
27,100
20,900
“
«*
“
9,250
Total..
Whole stock.,
28,009
25,050
N. Y.
Cent.
6,810
11,335
12,430
10.691
15,650
6,425
Mich. Del.L. Morris& Rock
Cent. & YV. Essex. Island.
9.550
6,787 59,112 20,118
13,074 53,384 10,910
8,700
13,625 39,830
6,5:6
3,900
8.439
3,6-5 58,300
6,310
2,800 48,100
4,025
3,230
4,050
8,500 4/170
5,800
63,341 48,411 305,946 54,069 37,490
494,665 337,874 694,2:3 187,382 262,0)0 150,000 249,997
Saturday,
May 12.
At. & Pac. Tel.
2014 20%
Central of N.J
*8
S%
Chic. Burl.&Q 10l%10;%
C. Mil. & St. P.
18% IS*
48
do
pref.
48*
Chic. A North.
20* 21
4 * 45*
do
pref.
C. K. I. & Pac.
Del.&H. Canal
Del. L. & We6t
Erie
Han. & St. Jos
y£* 93*
39* 4!*
43* 44*
*7
7*
13
13
do
24
V4
pref.
Harlem
143
*140
Ill. Central...
59* 59*
Lake Shore...
Michigan Cent
Morris AEssex
N.Y.Cen.&ii.U
Ohio & Miss...
Pacific Mall
..
52*
44*
53*
45*
68* 72*
S3* 94*
5*
6*
20* 21*
%
Wab. P.C. R’ts
Union Pacific.
West. Un. Tel.
Adams Exp...
American Ex.
United States.
Wells. Fargo..
97
Monday, Tuesday, Wednes’y, Thursday,
May 14.
May 15.
May 16
May 11
20
19* 20*
20* ‘19
20* *19* 20*
'X 8*
8*
S*
8*
«7*
8*
’100
10: *
•100
102* 101
10!* ioo% 166%
18* 18*
18* 18*
18* 18*
18* 13*
48* 48*
48* 48*
47* 48*
48* 48*
1
!
21* *20* 21*
20* 20*
20* 20*
45
45* 46*
45* 46
45*
45* 45*
92* 93*
92* 93*
92* 92*
92* 93*
33
38
39
39*
40*
38* 40*
40*
43* 44*
42* 45*
42* 45*
43* 4i*
6*
6*
6*
6*
6*
6*
•6*
6*
12
11* 12
12* 12*
12* 12*
1-*
23 * 23*
23* 24
24* 24* *23% 24*
f;40
140
140* 140 140
140* '189*
58 * 59*
57
57
53
58*
*57* 5S
52* 53*
52* 53*
51* 52*
51* 52*
41
42
44* 46
41* 45*
42*
42*
68
61*
63* 10
69* 70*
61* 70
92
92* 93*
92* 93*
92* 93%
92*
5*
5*
6
5*
20
20% 20%
20%
20* 2:*
21* 213*
*95
5
4*
6:% 67%
64*
*99
52
•
63%
....
100
*51
•
•
•
•
68
65
100
41
84
*83
•This Is the price bid and asked
:
*95
4
*95
4
61
*67*
63% 64%
5-’*
41
....
•
•
•
*65
65*
101
52
42
42
•
•
190
52
100
52
40% 41
*83
84
no sale was
no
*67* 6S”
62* 63%
99% 100
50
51%
40* 40*
83* 33*
*95
Total sales this week, and the range
were as follows:
in
Central of New
Telegraph
.
.
Jersey
68* 68*
62% 63%
98
93
49*
*40*
50%
41*
*83
83%
Denver Pacific
Month of Mch...
24,852
Denv. «fcltio Grande..1st week of May.
15,214
Erie
Month of Feb... 1,039,300
Hannibal & St. Jo...2d week of Apl..
34,537
Illinois Central
Month of April.
347,411
Do. Ia.leased lines.Month of April.
99,998
prices
do
do
Chicago & Northwestern
pref...
do
900
137
Apr. 2! 8%
59% Jan. 151 73
135,965 56
Apr. 4> 78
172 91
Apr. 23 H 5
1,340 47 Mch 22j 60*
4001 36
Apr. 271 59%
101 82 Apr. 23j 89
.
43*
69%
92* 93*
•21*
*67
21*
98
3%
<8
62% 63*
*97% 98)6
49
40
•S3
50
40*
83%
14*' 22
20% 109%
112% 121%
18% 46*
49% 84*
231 54% Jan.
3
42
Whole
31%
64%! 120*
7% 23%
10* 22%
18% 33%
130% 145
60* 103%
48% 63%
34%
84
96
65*
73,523
8,184
198,645
136,573
31,732
491,376
402.2*4
1,460,350
528,446
1,697,288
1,153,531
127,985
32,735
413,434
503,568
542,591
78.879
Kansas Pacific
Month of Mch...
Louisv. Cin. & Lex..Month of Mch...
Louiev. & Nash., Ac.Month of April..
Missouri Pacific
Month of April.
Mo. Kansas & Texas. 1st week of May.
Mobile <fc Ohio
Month of Mch...
Nashv. Chatt. & St.L.Month of March.
New Jersey Midland.Afonth of March.
Phila. & Erie
Month of Mch...
St. Jos. & Western.. .Month of April..
230,284
218,760
80,757
587,643
251,889
321,840
283,733
43,142
149,829
1,647,196
1,'80,690
634,625
238,086
1,562,305
1,183,956
1.014,426
560,46?
80,247
349.400
328,372.
50,998
138,687
139,576
46,305
992,499
545,462
438,536
145,980
29,391
9,015
8,550
St. L. I. Mt. & South. 1st week of May.
St. L. K. C.«fc Nor(h’n.2d week of May.
St. L. & S. Francisco.Month of April.
74,951
59,1 vl
97,946
45,287
20,2:0
10,792
23,053
86,607
“
“
Union Pacific
67,311
1,128,398
1,149,261
412,665
405,097
45,761
188,865
93,955
46,489
180,650
22,863
10,643
30,664
78,691
873,351
Month of Mch.. 1,027,522
*l’lie Gold
57,355
•
123,936
176,891
1,4:35,671
126,743
705,128
103,239.
167,502
1,276,736
94/03
221,789
St.L.&S.E’n(StL.div.)Month of April.
(Ken.div.).Month of April..
(Tenn.div.).Manth of April..
Tol.Peoria <fc YVarsaw.lst week of May.
Wabash
1st week of May.
481.188
139.139
652,741
42,584
247,0’9
24,252
St.L.A.&T.H.(brchs).lst week of May.
431,239
356 536
1,396,787
2,693,976
101,822
46,617
462,912
1,443,419
2,235,476
Market.—Gold has been
steady in the vicinity of
107@107L There is no movement of importance in the market
beyond the moderate shipments of coin made in return for bonds
brought in, and these shipments have not this wee^; been of larg&
volume.
No announcement of sales of gold by the Secretary of
the Treasury has yet been made.
On gold loans the carrying*
rates to-day were 2, H an(* 1 per cent., and the borrowing rates
flat and 2 per cent.
Silver is quoted in London at 54fd. per oz.
Customs receipts of the week at this port were $1,774,000.
The following table will show the course of gold and gold
clearings and balances each day of the past week:
Saturday, May
Monday,
Tuesday,
Wednesday,
Thursday,
Friday,
“
“
18.... 107
107* 107
107* 107
107* 107
Current week.
Previous week.
Jan. 1 to date..
106* 107
Balances.
,
x
Gold.
Clearings.
Currency.
$28,703,000 $1,231,406 $1,263,049
18 951,000 1,109,777 1,185,720
...
15.... 107
107
107
16... 107
17.... 107* 107
“
“
“
Total
•Quotations
Op’n Low. High Clos.
12
107% 107*
107* 107
14.... 107* 105* 107* 107
1,049,962
1,171,473
1.469,000
934,210
19,541,000
10 957,000
12,?75.000
106*
11,949,000
1,103,924
1,249,367
1,55G,699
1,000,201
s
107* 106* 107% 106* $102,876,000 $
106* 107* 107*
142,162,000 1,181,000 1,265,071
107
107% :104% 107* 106*
The following are me quotations in gold for foreign and
American coin:
! Dime9& half dimes. — 92*0 — 93*
Sovereigns
$4 86 0 $4 90
Large silver, %s&*s — 92%@ — 93*
Napoleons
3 87 0 3 92
X X Reichmarks.... 4 75 0 4 80
Five francs...
— 93
0 — 95
X Guilders
3 90 @ 4 10
Mexican dollars.
— 95*0 — 98*
Spanish Doubloons. 15 60 0 15 90
English silver
4 80 0 4 85 Mexican Doubloons 15 50 @ 15 60
Prussian silv. thalers
65 0 — 70
Fine silver bars.....
119 0
— 95
119% Trade dollars
0 — 97
Fine gold bars
par@*prem.
.
-
Exchange.—Exchange has shown but a fair volume of busi¬
Importers of bonds are the principal customers. A mod¬
erate amount of provision bills have been sold this week.
To¬
day, prices weie firm, and the leading drawers of sterling this
morning advanced rates to 4.88 and 4.904, business following to
4.874 and 4.89^@4.89£.
The Bank of Nevada yesterday sold
some £170,000 demand sterling at about 4.89£.
The following were the rates of domestic exchange to-day on
New York at the undermentioned cities :
Savannah, buying
3-1G, selling 5-1G ; Charleston, easy, offering freely; 3-16(5)£
premium; St. Louis, 1-10 premium ; Cincinnati, steady, buying
par, selling 1-10; New Orleans, commercial^, bank-f ; and
Chicago, 50 to 75 premium.
ness.
Quotations for foreign exchange
are as
follows
:
—May 18.
60 dav
.87 (q,4 .88
Prime bankers’ sterling bills on London^..,
Good bankers’ and prime commercial
Qood commercial
.86*0:4 87*
.85*04 .86
85 @4 .85%
.15*0,5 .14%
.15*05 .14*
.15*05 .14*
40*0 40*
94 *@ 95%
94*0 95*
94*0 95*
94*0 95*
Documentary commercial
,
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
....
.
Hamburg (reichmarks)
Frankfort
Bremen
....
.
(reichmarks)
(reichmarks)
Berlin (reichmarks)
Ine transactions for the week
Treasury have been
Custom
House
Receipts.
as
at
tlie
Custom
3 days.
4.89*04 90*
4.89 04.90
4 83 @4.88%
4.87^04.83
5.13*05.11%
5.13%@o.ll*
5.13*@5.11%
40*0 40%
House
95%@
95%0
96
96
96
96
ana
Sub-
95%0
95 %0
follows:
-Sub-Tr casury.-
Receipts.
Gold
-Payments.-
Currency.
Gold.
Currency.
57%
63%
140
74*
80*
100
114
5j 55
*274.000
$533,595*82
$412,353 27
14.
359.030
$4SO,634 64
225,000
881.S25 15
247,315 f 7
16.
263,000
1,283,206 36
1.044,735 99
248,803 87
15
122
861 2*0 59
407,0C0
762,571 42
1,989.452 92
17.
18.
280,102 53
421,196 19
457.753 46
338,694 22
950,825 J8
423,081 10
319.42? 96
246,000
543,569 68
381,357 03
May 12
$159,321 79
295,651 03
392,687 58
1,042.865 74
67
8
49%
2> 79
76%
91
earnings, and the totals from Jan. 1 to latest
dates, are given below. The statement includes the gross earn¬
ings of ail railroads from which returns can be obtained. The
columns UDder the heading “ Jan. 1 to latest date” furnish the
gross earnings from Jan. 1, to, and including, the report mentioned
1.461,353
2,600,026
26,437
80,500
Total..../. >1,774.000
Balance. May 11
Balance. May 18....
The latest railroad
in the second column.
4,623,261
Indianap. Bl. & YV.. .1st week of May.
Int. & Gt. Northern. .Month of April.
106
117%
5
24%
16% 39%
Jan.
Jan.
Jan.
67%
98% 111*
61% H25
Feb.
Mch.
Feb.
Jan.
45%
55%
pref...
Wabash Receipts
Union Pacific
Western Union Telegraph
Adams Express
American Express
United States Express
Welle. Fargo & Co.
57*
51* 52*
69
161,261
408,107
76,874
624.781
—
57 *
year 1876.
Low. High
4,600 15
Apr. 13, 37* Jan.
17,210 37% Apr. 23; 58* Jan.
Chicago Rock Island & Pacific.. 37,490 82* Apr. 23 102% Jan.
Delaware & Hudson Canal
63.182 36
Apr. 111 74* Jan.
Delaware Lack. & Western
Jan.
305,9i6 42* May 16. 77
Erie
1,200
4* Apr. 2, 10% Jan.
Hannibal & St. Joseph
7
2,775
Apr. 17; 15% Jan.
do*
do
Jan.
Apr. 171 30
1,200 17
pref
Harlem
225 135
Feb. 19,141
Jau.
Illinois Central
3,260 40*4 Apr. 2; 65% Jan.
Lake Shore
164.267 45
Apr. 23, 57% Jan.
Michigan Central
45,411 35* Apr. 2. 50% Jan.
Morris & E-sex
54.069 57Vi Apr. 20! 92% Jan.
N. Y. Central & Hudson River.. 63 341 85% Apr. 231104% Jan.
Ohio & Mississippi
3
14,500
Apr. 41 7% Jan.
Pacific Mail
6,100 12* Apr. 3 26* Feb.
Panama
70 80
Apr. 3:130 Mch.
do
‘140
since Jan. 1,
Sales
of w’k. /—Jan. 1, 1877, to date.Shares
Lowest.
i
Highest.
Mch.
1,520 1554 Feb. 3 25
400
7* Mch. 5l 37% Jan.
464 94
Moll. 19118% Jau.
4.719 11
Apr. 12| 23
Jan.
32,160 40* Apr.
25*
$639,792
.
.
Chicago Mil. & St. Paul
25
-
,
Chicago Burl, & Quincy
91* 93*
38 * 39*
43* 44*
*6*
6*
12* 13*
*96
,
Atlantic & Pacific
Friday,
May ;8.
19* 19*
*8
8*
101* 10.*
19
19*
48* 50*
20* 2!*
45* 48
3%
made at the Board.
1876.
100
in
1876.
Top. & S. Fe.. Month of April... J200,000 $197,996 $660,344
Bnr.&Mo.Riv.inNeb.Month of Mch...
58,341
53,4:0
157,651
Bur. C. Rap. & North. 1st we<3t of May.
20,474
303,600
15,913
Cairo & St. Louis....Month of April.
80,424
19,460
16,844
Canada Southern.... 1st week of May.
36,780
29,995
623,514
Central Pacific.. ....Month of April. 1,416,000 1,427,035 4,734,000
89,380 1.423,760
Chicago & Alton
1st week of May.
63,556
Chic. Mil. & St. Paul. .2d week of May..
167,007 2,053,460
144,000
:
The total number of shares of stock outstanding is given
the last line, for the purpose of comparison.
The daily highest and lowest Drices have been as follows:
1877.
Atch.
63.1S2 164,267 135,965
..
Jan. 1 to latest date
1876.
10s,pens.. §102
193
6s of 1892...
c With
intprpftt.
.-
$2 053.818 90 $5,102 675 04 $1,276,173 12 $2,729,616
57,963,722 90 43 996,390 87
7b.351.362 68
46.369.428 98
93
May 19, 1877.]
.
THE
CHRONICLE
New York City Banks,—The
following1 statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of busiuess on May 12, 1877:
-AYERAOK AMOUNT OP
Net
Legal
Capital. Discounts. Spec’e. Tenders. Deposits.
$
$
$
$
3,000,000 9,477,001 3,019,600 1.305.600 10,033,3D0
New York
Manhattan Co... 2,050,0 0
Merchants’
Mechanics’
3,000,000
2,000,000
Union
1,500,000
3,000,000
1,000,000
Citv.
1,000,000
Tradesmen’s
1,000,000
Fulton
600,000
Chemical
3"0,0 i0
Merchants’ Exch. 5,000,000
Gallatin National 1,5 0,000
America
Phoenix
....
Butchers’* Drov.
500,000
Mechanics’ & Tr.
600,000
2.'0.000
Greenwich..
Leather Manuftrs.
600,000
Seventh Ward....
300,000
State of N. York.
800,000
American Exch'e. 5,000,000
Commerce
...10,000,000
1,000,000
Broadway
Mercantile
1,(00.000
Pacific
422,700
...
Republic
1 500,000
Chatham
450,000
People’s
18,000
133.600
1,000 000
2,104,600
3,000
Market,
1,000,000
2,624,200
212,900
.St. Nicholas
1,000,000
2,030,400
491.700
Shoe and Leather. 1.000,000
811 500
4,2J6,500
66,400
3,340,000
481,200
Corn Exchange... 1,(00,000
2,828,000
167,800
809,000
1.990.400
4,800
Continental
1,250,000 3,019,400
61,80)
4*5,000
-7.541.2
591,000
Oriental
300 00)
8.400
1.072.500
1,263,100
222.800
4,0(0
Marino
400,000
1.830,800
181,30)
240.500
1,721,2 ’0
22>,6(0
Importers’&Trad. 1,500,000 16,576,1(0
973.1(H) 4,326,500 18,723,500
089/00
Park
2,000,000 11,712.700 1,053,000 2,916,300 14,548,200
60,000
Meet. Bkg. Ass’n.
500,000
240/00
1/163 000
19,3 (0
844,700
305.600
Grocers’
300,000
714,700
1,90)
215,100
743,000
North River
40 *,000
939,600
18,100
157,900
774,810
East K ver
350,000
910,400
91,400
26,1(H)
716,400
98,900
Manuf’rs’ & Mer.
1( 0,0 0
GOO
367,100
1(5/00
420,2«'0
Fourth National.. 3,750.100 14,016,400
S78,800 8,276,300 12,683,000 1,032.000
Central National. 2,000,000
7,470,000
226,000 1,830,000 6,846,000 1,35'“, 000
Second National..
300.000
2.10>,000
538,000
•270.000
2,194.000
Ninth National... 1.500,000
5,5 8,000
160,2 0
922,600
4,737,700
715,300
First National.:..
500,0 K)
619.80)
5,077.500 1.730.700
6,449,000
180,00')
Third National... 1/0>.001)
6,171,6U0 1.244.700 1,231,000
7.579.900
49,400
N. Y. Nar. Exch..
300.003
1.145,810
29,100
193,300
7-2,000
270,000
Tenth National...
!00,000
1,548,800
246,500
30,700
443.100
1.101.900
Bowery National.
250.003
1,10',700
248.000
2,700
222,000
890,000
New York County
200.0 0
1,158,900
329,000
l,2t 9,800
180,000
German American 1,000,00)
311,400
2,697,200
3)0,400
2.727.900
Dry Goods
1,000.00)
1,638,200
14,400
468,800
1.3.3.900
Total
74,235,200 256,519/00 2 3,272,500 51,066,700 227,226/00 16,068,700
The deviations from returns of previous week are as follows:
Loans
Dec. $1,494,3 50 Net Deposits
inc.
153.40.) Circulation
Inc.
6,5.000.
Specie
Legal Tenders
The following are the totals.for a
Loans.
Specie. L. Tenders.
Apr. 7. $260,196.80) $2;.5:)7,900 $12,257,200
Apr. 14. 25 >,239,70) 19,768.6 0 44,
"4,267,900
Apr 21. 257.6)9,700 2 >.254,30) 45,896/: 00
Apr. 28. 255,733,8 X) 20,534.500 48.865,0(10
May 5. 258,013,900 23,119,100 50.441.700
May 12. 2j6,519,6j0 23,272,590 51,066,700
,
Boston
Banks.—Totals
were as
Tnc
$269,000
.
Inc.
72, >.00
series of weeks past:
Deposits. Circulation. Aeg. Clear.
$218 216,400 $'5,931,900 $503,314,088
219,9/5,900 15,964,400 43/328,179
220,331,400 1/984,0 10 412,451,070
i 22.O'* 1/00
15,996.100 416.609,642
226,957,000 15.995.900 467,499.395
227,226,000 16,068,700 432,340,459
follows:
Loan 8.
Apr. 9.
Apr 16.
Apr. 23.
Apr. 30.
May 7.
May 14.
Specie. L. Tender-*. Deposits. Circulation. Agg. Clear.
$129,388,200 $2,979,000 $5,366,100 $53,736,500 $23,415,100 $50,321,132
127,020,100
2,767/00
5,539,2 0
52,500.400 23,387/CO
41,789,586
6 026,900
2.619.700
127,123/00
52,476,000 23.420,00)
46/04/49
2/31,703
123,701,800
6,561,20)
52,975/00 23,304,900
43,708,082
D8,67l,3 '0
2.542,000
6/16,300
54.487,500 23,371,40)
54,070,161
129,033,100
2.429,600
7,012,200
53,208/0) 23,341,500
46/62,990
Philadelphia Banks*—Totals
were as
follows:
Loans.
Specie. L. Tenders. Deposits. Circu’ation. Agg. Clear.
$60,899,681 $1/81,507 $14/73,125 $38,556,945 $10,637.(76 $4-,561,101
Apr. 9.
Apr. 16.
Apr. 23.
Apr. 30.
May 7.
60,677,487
6',760,913
60,337,095
60,733,68
May 14.
>
60,768,7)7
1,673.098 15,231,956
1,303,860 15.952,140
1,188,924 16/68,606
1,306 871 17,0 !6,708
1,266,351 17,412,613
50,326,533
It >,638,709
10.574.351
38,307,769
51,104,151 10/60,931
52,386,491 10.538.351
53,473,284 10,526,878
Bid. Ask.
SECURITIES.
Bid. Ask
Maine 5s
New Hampshire,6s
Vermont 6s
•.
Massachusetts 5s, Gold
Boston ob, Currency
do
5b,gold
Chicago Sewerage 7s
do
Municipal 7s
Portland 6a
„
Atch. &
do
do
do
Boston & Albany stock
Boston & Lowell stock
_
vermoat
Vermont
*
Can., new, 8s
* Mass.. 1st M. 6/33.
Chicago, Bur. & Quincy..
Cin.,Sandusky & Clev.atocK.
..
tlU Si Ill
1U3” ios%
81
Six
10)
Concord..
Connecticut River
Connecticut & Passumpslc, pf.
Eastern (Mass.)
(01
33**
101%
2%
(New Hampshire)....
1 (" 8 \ 109
Fitchburg
Manchester* Lawrence
1*5% IdU
Nashua & Lowell
New York & New England
Northern oi New Hampshire.. 63
70
Norwich* Worcester
119
119%
17 5.
Ogdens. & L. Champlain
JO
Eastern
11%
do
do
prer... 72
Old Colony.....
91%
65
Fort., Saco & Portsmouth
75
Jutland common
do
4
preferred
I Vermont * Canada....
16
Vermont* Massachusetts..,.. K«
103 k
Worcester* Nashua
45
six
115
113
108
95
11c
111
115
ill
111%
190
113
112
111
112
113
114
111% i;a
111% 112
197
no
ill
US
U*% ite*
100
130
7
5
17%
2
25
5
50
Camden & Atlantic
do
do
pref
Catawlssa
do
pref
New pref
do
Delaware & Bound Brook
East Pennsylvania
Elmira® Williamsport
do
pref..
112
30
12
RAILROAD BONDS.
20
Plttsb. & C’onuelisv.7s/98, do
Northern Central 6s. 1885. do
42%
33%
7%
11%
Pnlladelphla & Erie
Philadelphia* Reading
Philadelphia & Trenton
130
40"
CANAL STOCKS.
Delaware Division
120*
do pref
Schuylkill Navigation.
District of Columbia.
Perm. Imp., 6s, g, J.&J, 1891. 103
do
19U
7s, 1891
Market Stock bonds, 7s>. 1892.. 1(0
WaterStock bonds 7s,1901.... 10U
“
“
78,1903... uo
125*
railroad bonds.
Allegheny Val. 7 8-10s, 1896 ....
a
<1o
7s E. Ext.,1910
do
Inc. 7s end,’94..
to
47
•oi*
2d M.bs/85 ;0J
9;
do
do
Sd M. 68/87
Camden & Amboy. 6s, *83....
do
do
6s, 89
do
do mort.6s,’89...
Cam & Atlan. 1st in, 7s, g, 1903
do
2d do 78, c. 188(1
Cam- & Burlington Co. 6s, ’97.
Uatawissa, new 7«, 1900...
Cavuca Lake 1st m. g.<s, 1901*
Connecting 6s 1900-1904...
Dan.,H. * Wilks,1st m./e/Si*
Georgetown.
do
do
do
do
do
102
103
li)i%
Harrisburg 1st mort.6s,’63...
H.& B. T. 1st mort.7s,’90....
do
2d mort. 7s, ’95...
do
3d m. cons.7s,%5*
Ithaca* Athens g.7s.’90
Junction 1st mort.6s, ’62
2d
do
1900....
do
Lehigh Valley, 6s, cou., 1*98..
do* do
do reg.1898..
do
do
do
7s, 1910
do
con. m. 6s 19'S
do
Little Schuylkil \.1 st M.,7,1877.
Northern Pacific 7 3-10s. 19(>0*.
North Penn. 1st m, 6s, conp’85
do
2d m. 7s, coup.,'96
do
gen.M. 78, coup.. 1903
do
do
Ts, rtg., 13 3..
Oil Creek 1st m.7s/82...
Penn* N.Y.C.&RK7S/96-1906.
Pennsylvania, 1st M.,6,1880...
•io
102% 105
5e,perp
*03
105
£0
i0<%
ICO
!O0
100
100
no
I033f
105
99
100
1(>5
108
UO
1(3
101
100
ICO
100
45
101
+93
+.4S
t IDO
tie 4
94
iP8
115
•
• •<
.
do
deb.bonds,'93
do
g. m.7s,c. 1911
do reg,!91!
do
do
new conv. 7s, 1893
do Coal & I.Co m.,7s.'92-’3
Phlla.. Wilm. * Balt. 6-:. 18-.4..
Pitts., Cln. * St. Louis 7s, 1900.
1(8
96
103
96
102
3S
95%
94%
78
80
CANAL BONDS
Lehigh Navigation 6s.’31
do
RR. ’97....
do
deb. ’7)
do
conv , *82
do
C0nr„ g/94
do
gold. ’95
Morris, boat loan, rea., 18^5
Pennsylvamaos, 1910
Schuylkill Nav. 1st m.6s,’97..
do
2d m., 6s, 1907
do
m. 6s. ’95
106
6s,Imp.,’30...
coup.,
1918...
In default of Interest.
102
93
Louisville 7s
t 1C6% 108%
Louisville 6s,’82 to'87
f 1'0% 109\
do
6s,’97 to'98
+ :00%
do
Watei 6s, ’87 to ’89.+ l(H% 100*
Water Stock 6s,*9,+ 0 % 100%
do
do
Wbarf6s
+ »i0% 100 \
do
special tax 6a of ’8t+ 100% lOUA'
101
9
a:
100R
do
do
I 1(0% ICO*
P/8H. >7
do
(Leo.Br.)tf, 01+U0% 100%
98
lstM.(Leb.br.ex)7.’80-81 +
Lou.L’n(Leb.br.ex)6/9i+
Consol. 1st M.,7,1898....
101% Jefferson., Mad. & Ind..
99%
* faiii vill°.100
Louisvllle Water Co. Cs, 1207.
83*
U'0% :oov
si
90
• •• •
2'%
+93
6')
55
LoutsCo.hew Park g. 69..+ 1(6
do
o’v, 7s.
+
St.L.&San F. RR Bds,series A
do
do B
do
do
do
do C
St
51
40
23
98
ST. L.OIJ1S.
St Louis 6a, Long Bonds
+ irs%
io
Water 6s gold
+ 107
do
do (new). + 106%
do
do Bridge Approach g.6G li 6
do Renewal gold 6s
+ ■(6
do Sewer g. 6s /due’9l-2-3)+ 100
86
57
30
1U0
2d M.,7,
72% 73
1st M.,7,1906.... l«e
100%
105
Loulsv.C.* Lex., 1st M.,7, '97.. 1(5
on'«. & Fr’k, Loulsv. Ln, 6/81 100% 101
Lcuisv. <* Naan.,Lor.i.n im.r/
do
do
do
do
do
do 6s,beat*car,19l3
Susquehanna 8b,
61
92
97
25
ICO
42
'
..
do
40
.....
do
1.5
...
do 7s, boat * car.1915
do
scrip
....
do
8 p. c.st’k guar 1(0
Little Miami stock
97
73** 80*' Jeff., Mad.& I.lstM.(I*M)7, ’81
Warren & F. 1st m. <s/96
Westchester cons.7s,’91. ... US
West Jersey 1st m. 6s, '96
104
do
do 7s, ’.397....
Western Penn. RR.6s. 1693....
do
do
6s P b *96
Wilm.* Road.,1st M.,7,1900*.
do
do 2d Mort, 1902*
Delaware Division 6s,’7S
Dayton & Michigan stock
62
90
94
23
98
LOUISVILLE.
35* ‘ 65*
7s, 1907... 10(3** ioi**
Banbury* Erie 1st m.7a,’77..
6s, 91..
Columbus & Xenia stock
ii*
9C
95
m.,
ns. m.
do
Little
H5
Shamokln V. & Pottsv. 7s,1901.
Steubenville* Indiana's.*84
Stony CreeK. 1st
lnd.,Cln.& Laf.,lst M.,7...5....
(I. &C.) 1st M.,7,1888
Miami, 6,1883
Cln, Ham. & Dayton stock....
iJ
101
Philadelphia & Reading6s, ’80
do
do
7a, ’93
*
do
South’n HR. 7.30s f
Cln. So. IIP*.6s. gold
Ham.Co., Ohlo6 p.c.iong bds
do
do
7 p.c.,1 to5yrs.
do
do
lg bds,7 & 7.S0t
Cin. & Cov.Bridge stock, pref
109*
92
99
93
98
98
98
93
35
96
Cln., flam. & D., 1st M., 7, 80... (01
2d M.,7,'85... 93
do
do
100%
do
do
3d M., 8,77... + 190
I OS* Cin.. 11am.& Ind.Tsgnnr
103*'
55
CO*
i'.S
94
92
:o;%
Cin. & Indiana, 1st M.,7
us
1(J8 %
do
do
2d M..7,1877.. 67
72
105
H7% It 8% Colum., * Xenia, 1st M.,7, ’9(). !'.'3
105
Dayton & Mich., 1st M.,7 81.. 1(3
its*' 1(9
100
do
do
2d M.,7,’84.. 93
It 6
93
105%
do
do
3d M.,7,'88.. 95
107% li 8% Dayton & West., 1st M., 1881... +100
gen. jn. 6s 1910, coupdo
1st M., 1905.. 65
90
do
gen.m.,6s reg., >910 q* iOis
95
60
do
do
1st M., 6, 1905. 75
cons. m.6B, reg.. 1905
do
do
Perkiomen 1st m.6s,’97...
Phlla. & Erie 1st m.6s/81
do
2dm. 7s.’88
..
Cincinnati 63
do
7s
do
7-308
16.7 % 108
107
100
CINCINNATI.
It5"
25
..
Certificates,Sewer, 8e, 1874-77.
Water Certificates,8b, 18><...
D-laware mort.6s, various—
102
East Penn. 1 st mort.78/86
1st m. 7s.’8C.
1875...
1876...
1?77
1878...
Series.
96
35
85
85
f98
tl06
1110
General stock, 8s, 1881
do
6s, at pleasure.
do
105% Pounty stock, 6s,
Market stock, 6s,
do
lOd
103%
Board of Public Works—
i(J?
Cers. Gen. Imp.8e,1874..,
95
100
no
93
192
100
75
90
Ten year Bonds,os, 1878
90
Fund .Loan (Cong ) 6 g, 1892.. HD
Fund. Loan (Leg)/s.g, 1902.. x"S
Cei u.of Stock (1628) 5s, at pleat 70
“
“
(I843)6s,atpleaf 85
dies. & O. st’k (’47) 68, at pleas. 85
1(5% ire
BelvldcreDelaware.lstm 6 ’77
do
101
101
102
102
102
Washington.
Pref
do
98
101%
WASHINGTON.
19
lb*
Lehigh Navigation
Morris.....
K1.& W’mspoit,
»I%
101
(10
111
106
Baltimore Gas,certificates.... 103
130% People’s Gas... ».
16% 17
WeetChester conBOi. pref
West Jersey
do
103
mm 102
MISCELLANEOUS.
Wilmlng.* Baltimore.
United N. J. Companies
Phlla.,
do
no
1(3% 104%
112
105
LIU
112
80% 32
42*
do 2dM.(gr.by W.Co.)J.*J 10S% 106
44
112
do
6s. 8u M.. (guar.) J.& J. no
96
Mar.* Cin>7s, F.
A., 1892... 107% 1(8
74
41
75
do
2d, M. * N
31
39% 40%
do
8s, 3d, J.&J
9
Union PR., 1st guar.. J * J..
11%
do
Canton endorsed.. 102% 105* *
93
.
105
1C6
6s, 1900, A.*0.
5s,gold,1900, J.&J.
Cen. Ohio 6s, 1st M..1890.M.&8.
4
W. Md. 6s, 1st M.,(gr)’90,J.tf J.
6
do
1st M., fs90. J. & J..
24%
do
2d M., (guar.) J.&J,
do
2d M..(pref.).......
Norristown
•
North Pennsylvania
rto
N.W.Va.,3d M.(guar)’35, J.&J.
do
do
Nesquehoning Valley
Pennsylvania.
101% 107
105% 106%
Balt.* Ohio 68,1880, J.& J...
do
6s. JS85. A. * O..
8
32
27
Huntingdon & Broad Top ...
do
do pref.
Lehigh Valley
Little Schuylkill
MinehlH...... ....
!4k
12,%
US
Pittsburgh * Connellsvllle. 50
2
...
_
_
90 X
117% 117%
(Jnesbire preferred
Boston & Albany 7s
Boston & Maine 7s
Burlington & Mo. Neb. 8e. 1894 ;o '>%
do Neb. 8s, 1883.
do
Eastern, Mass.. 7e, rid
Hartford & Erie 7s, new
v.li
Ogdeusburg & .Lake Ch. Sa
Old Col. & Newport Bds, 7, '77.
Rutland, new 7s
Verm’t Cen., 1st M., cons., 7, ’86
do
2u Mort.,7,1891
115*
.
Burlington & Mo. in Nebraska
Topeka 1st
m. 7s
land gt. 78....
2d 78
land inc. 12s..
..
Boston & Maine
Boston & Providence
«10 V
Central Ohio
RAILROAD STOCKS,
UiiitedN.J.c
STOCKS.
BOSTON.
BALTIMORE.
Maryland 6s, defence, J.& J..
do
6s, exempt, 1687
PeunsylvaulaSs, gold, Int. var 101
do
do cur. var....
do
63,1890, quarterly...
do
do
66, 10-15 1877-32. U)i*A 10 %
5s, quarterly
;.
112
Baltimore 6s, 1864, quarterly.
15-25. V2-92 ltl
do
do
107
do
68,1386, J. & J
Philadelphia 6s, old, regist’d. 10551
do
112* 113%
do
6s, new
do
6s, 1890, quarterly...
do
6s, Park. 1»90, Q — M
Allegheny County 5s, coupon.
do
6s, 1693.M.& S
Pittsburg 18, 1913
55
do
do
6s, exempt,’93,M.& S
5s, 1913
do
do
6s. wold, various.,
6s,1900, J. * J
li'7*
do
do
7s,Watei Ln. various 108
6b, 1902, do
102
Noriolk Water,8a
do
7s.Street Imp.,’63-86
BAT LROA D STOCK I.
Par,
New Jersey 6s, Exempts, var.
Balt. & Ohio-Stock
100
Camden County 6s, various.... K0
100
do
do
Wash. Branch. JbQ
Camden City 6s
110
do
do
do
7s,
Parkersburg Br. 5(
do
Northern Central
50
Delaware 6s,
do
Western Maryland
Harrisburg City 6s,
50
37,721.577
POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES
SECURITIES.
Bid. Ask
SECURITIES.
BTATK and OITV bonds.
35,752,266
39,7.55,591
35,653,725
50/34.215
Bid. Ask
8.
PHILADELPHIA,
20,500
791,000 2,006,000 10.7-35,000
60.500
548.400
1.701.200
233,20)
31,(00
1,950/0.)
75,200
335,200 1.697.400
75.500
1.171,000
408.900
Nassau
6 BO UR IT IK
Circula¬
tion.
*
7,343.800
462,900 2,167,6(0
6.957.900
7,R0i)
7,800.7(0 1,176,200 1,488,700
6,80 5,1(0
170,100
538,800
6, DO, 900
99\t;oo
5.118.600
149,710
4.414,700
491.500
628,0 0 3, (25,4' 0
9,530.500 1,408,500 1,6. 5,400
8.210.900
1,100
4 5,0110
2,060,000
338,000
2,539.000
270,000
5,776,000 1,578.0(0 1,272,000
4,966,460
3,131.300
85,900
824.300
l,664,7f0
766/00
155,000
1,381,900
1.407.600
823,4(0
9,925,2n0
752,100 2,959,(500 10.484,7d0
6J 8,500
246.500
3,37!,'00
2,S23,ofO
621,200
3,878,500
569.300
387,700
463,000
2,323/0)
1,543,' 00
54,000
269,000
89,000
1,278,0 0
1,866,500
37,200
233,4 0
1,061,000
195,500
815/00
225,600
900,800
2,700
3,oil,000
687/00
358,700
3,004,400
258,700
913,100
64,100
257.900
36.500
956,900
358 000
1.978,400
45 000
353.400
1,964/00
12,330,000
992,000
926,000
8,131 000
259,000
18,503,300 1,313,400 3.693.600 8.250.200 2/28,200
4.752,400
103,300
3,171/300
802.900
895,200
485.800
3,125,300
260,100
3,023,000
45,000
2.052,000
23,900
776,100 2.286.900
301.800
3,375,100
259,000
2,361,000
450,00!)
3,087,500
185,100
702,70)
3,178,500
272,000
1,320.900
3,800
102,000
1,090,800
5,400
2,0:2,8e0
58,700
441,000
1.770.900
164,5(10
3,660.500
29L500
783.500
3.144.200
2,017,0 0
115,500
413,000
80.900
2,040,000
412,500
North America... 1,000,000
Hanover
1,000,000
Irving
500,000
Metropolitan
3,000,00) 11,583,000
Citizens’..
600,000
1,497,80)
PHII,,VUKLPI(I\. Ktc.-Tontlimed.
IIOSTON,
>
Loans and
Banks
463
+ And Interest.
107
4642
THE
GENERAL
QUOTATIONS OF STOCKS
U. 8. Bonds and active Railroad Stocks
State Bonds.
Alabama 5s, 1883
do
5b, 1886.
do
do
do
do
7b,
7b,
7e,
7e,
quoted
previous
on a
Bid.
do
Income
105*4
Joliet & Chicago, 1st mort.. 110
Louisiana & Mo., 1st in., guar 85
St.Louis Jack.* Chic.,1st m. 103*4
Chic. Bur. & Q. 8 p. c., 1st m... 115*2
do
do consol, m. 7s '-10*4
58 sink’g f’d. A.&O. 80*2
do
8s, 1886.,
Memphis & L.R.
L. R. P. B. & N.O
MIbb. O. & R. R.
Ark. Cent. RR...
Connecticut 6b
8%
Vi
5
5
5
110
do
7
do
con.conv.
‘87
Lehigh & Wilkes B.con.guar
1 40
Am. Dock & Improve, bonds 35
st m. 8s. P.D. 116*4
Ch. Mil. & St. P.
Bid. Ask.
SECURITIES.
65
Iowa, 1st mort
ex coupon..,
m
Han. & Cent. Missouri, lstm
Pekin Linc’ln & Dec’t’r,lst in
Boston & N. Y. Air Line, 1st m
Cin. Lafayette & Chic., 1st m
Del. & Hudson Canal, 1st in.,’91
do
do
1884
do
<10
1877
do
do coup. 7s, 1891
do
do
reg. 7,1894
Lafayette Bl’11 & Miss., 1st
.
....
•
....
•
•
...
.
75
.
•
•
....
•
•
...
.
.
.
....
.
Long Island RR., 1st mort.
•
....
97
97
98%
98
....
•
•
.
•
88
92
iN. J. Midland 1st 7s, gold
do
2d 7s
[New Jersey & N. Y. 7s, gold...
N. Y. & Osw. Mid. 1st certifs..
do
2d 7s, conv.
(North. Pac. 1st m. gld. 7 3-UK.
.Omaha & Southwestern RR. 3s
lOswego & Rome 7s, guar
Peoria Pekin & J. 1st mort
iPeoria & Rock 1.7s, gold
Port Huron & L. M. 7s, g. end.
Pullman Palace Car Co. stock.
do
bds., 8s, 4th series
ItOCKT. It. I. & St. L. l&t
...
South Pacific Railroad, 1st m.
St. L. & San F., 2d m., class A.
do
do
class B.
do
do
class C.
South Side, L. I., 1st m. bonds.
do
sink. fund...
Western Union Tel., 1900,coup
do
do
reg....
Rondout &
5
26
1
12
30
6
10
10
...
7
1
11
80
98
2%
15
95
»
30
15
70%
87%
14
78, gld
100
65
35
18
71
92%.
20
Oswego 7s, gold...
do
do
05
Sioux City & Pacific 6s
do
do
7s, gold, K. D..
04*4 94%
Southern Minn. 1st mort. 8s... 61
'64*
do
do
1st 7s £
do
...
do
99
104
78, 1st
do
do
103
1st in., La C. D.
St. Jo. & C. Bl. 1st mort. 103...
103*4
do
do
103
l6tm., I.& M.D. 88%
do
do
8 p.c.
80
do
do
1st m., I. & D..
do
War loan
103
*93
Sandusky Mans. & Newark 7a. *91
do
do
1st in., H. & I). S6
Kentucky 6b
103*!
St. Louis Vandalia & T. H. 1st. '•99
101
do
LOO
do
1st m., C. & M..
Louisiana 6b
44
09*4
do
75
2d, guar *71
do
86'
do
1st in., consol..
do
44
6b, new
86*4
St. L. & So’eastern 1st 7s, gold. 35
40
Miscellaneous List.
do
do
90
do
2dm.
do
6b, floating debt 44
St. L. & I. Mt. (Ark. Br.) <s, g.
58
(Broker*' Quotations.)
Jhic. & N. Western sink. fund. no
do
112
7b, Penitentiary 44
South. Cent, of N. Y. 7s, guar. 95
100
CITIES.
do
do
do
int. bonds. 103%
44
6b, levee..
Union & Logansport 7s.
60
Albany, N. Y., 6s
do
do
J06
44
consol.bds 106
106*2 Union Pacific, So. branch, 6s,g 52
60
Buffalo Water, long ...
do
t ill
44
do
ext’n bds.. i00%
o
8b, do 1875
Walkill Valley 1st 7s, gold
Chicago 6s, long dates
ioT
44
do
do
1st mort...
tilOO
do
8s, of 1910
West Wisconsin 7s, gold
ho *54
do
7s, sewerage
do
do
91
t 10754 108*4 Wisconsin
do
7b, consolidated 88*4 80
cp.gld.bds.
34
Cent., 1st, 7s
35
do
7s, water
90
+ 108 j10854 Mercant. Trust real est.
do
do
91
do
reg. do
7b, small
mort.7s t
t-.„ 103
do
78, river fmprovem’t t 103
Iowa Midland, 1st mort. 8s...
103
Michigan 6s, 1878-79
Cleveland 7s, long
Galena & Chicago Extended. 107
t 108*4
103
do
6s, 1883
Southern Securities.
Detroit Water Works 7s
t 112*4 115
Peninsula 1st mort., conv... 102*4
do
7s, 1810
Elizabeth City, 1830-95
(Broker*' Quotation6.)
Chic. & Milwaukee, 1st mort 108
t 95% 98
Missouri 6s, due 1877..
do
1835-93
STATES.
97
t 95
do
do
Winona & St. Peters, 1st m...
1878.....
102*9
Hartford 6s
Alabama new consols, Class A; 41
106
do
105
2d mort.
43'
Funding, due 1894-5. . . 107*
do
do
Indianapolis 7.30s
t 105
Class B; 60
C. C. C. & Ind’s 1st m. 7s, S. F.. J 66*4
Long bonds, due ’$2-’30. 106V
1
South Carolina new consol. 6s. 72
LongTsland City
do
+ 98
ioo
consol, m. bonds
74
Asylum or l)n.,due 1893. 10«5
Newark City 7s
Texas 6s, 1892
112
+ 109
Han. & St. Jos., due 1886. 106
Del. Lack. & Western,2d m... 107 |.
M.&S. 94
96
do
Water 7s
do
114
107
do
+ 111
78, gold, 190l-19i0. J.&J.I 108
do
do 1887 106
do
109
103*4
7s, conv.
do
Oswego 7s.
f 102
105
Morris & Essex, 1st. m
New York State—
7s,gold, 1904
114*21,
J.&J.’j.109% 110
do 10s, 188 4
Poughkeepsie Water
+ 109*4 111
do
2d mort
J.&J.j’100 101
fie, Canal Loan, 1877
Rochester C. Water bds., 1J03+ 109*4 112
do 10s, pension, 1894.. J.&J, 103
do
105
6s,
do
1878
ponds, 1900...
Toledo8s. long
* .....+ IOUhi 111
82
CITIES.
do
construction.
6e, gold, reg....18;
Toledo '..30s.
do
101
do ftnun
of 1871
? 867
7s,
104% Atlanta, Ga., 7s
68,
coup.. 1R£ .
95*4; 96*2 Youkers Water, due
92
89
1903.
do
IU6
1st con. guar.
do
8s
68, do loau..,1883....,
94
92
i Erie, 1st mort. extended
120
Erie. 1st mort..
lio
do .1891
do
waterworks.... 89
68, do
RAILROADS.
93
120
do
do
1891
endorsed
68, do
Atchison ■& P. Peak, 6-<, gold.. 30
Augusta, Ga., 7s, bonds
88
84
do
do
1833
1*0
2d mort., 7s, 1879...'.
6b, do
A'lmtic & Pacific L. G. t>s, gld
1104
10
20 | Charleston stock 6s
62
59
do
North Carolina—
3d
do
Charleston. S. C., 7s, F. L. bds.i 75
Atchison & Nebraska, 8 p. c...
7s, 1SS3
1104%
20
25 i
78
24
21
do
4th do
6b, old. J. & .1
Bur. & Mo. lily., land m. 7s...t 109*4
7s, 3830
102>4 ....
75
60
110*4 Columbia, S. C., 6s...
do
A.& O.
8C» 2*% do 5th do
7s, 1888
do
Columbus, Ga.,'.8, bonds..
3d S., do 8s...+ 100
|103%j—
73
70
do
N.C. RR
I. & J.... 65 j....
7s, cons., mort., gold bds—
do
Lynchburg 6s
...
4thS.,do8i...t iOJ
95
! 90
65
do Long Dock bonds
do
Macon bonds, 7s
..A.&O...
110
do
5th S.. do 88.. .t 1U2
sa
83
82
47
Buff. N. Y. & E, let.m., 1877...
do coup, off, J. & J..
do
6th S.,do 8s...+ 1U4
30
26
do
do
do
do
do
off, A. & O. 40
bonds A & B
Bur. C. R. & N. (Mil.) g. 7s....
large bds.
22
24
30
20
do
Cairo & Fulton, l6t 7s, gold...
12*4 15 j!
Funding act, 866
52
end., M. & C. RR ...1 28
do
do
new bds, 1916 10254
58
40
do
1968
; Han. & St. Jo., land grants
Mobile os (coups, on)
12*2
California Pae. RR., 7s, gold
88
90
25
20
New bonds, J. & J
do
do
8s (coups, on)
8s, conv. mort.
do
6s, 2d in. g.
75
25
20
do
Illinois Central—
A.&O
do
1044
Canada Southern, 1st m
6s, funded
'48
52
45
42
2
Special tax, Class l
Dubuque & Sioux City,1st m.
do
with int. certits 43
Montgomery es
50
30
do
Class •
2
do
do
Nashville 6s, old
2d div.
Central Pacific, 7s, gold, conv. 93
80
70
do
Class 3
2
Cedar F. & Minn., 1st mort..
do
Central of Iowa lstm. 7s,gold. 27*4 32*2'
6s, new
70
77%
Ohio fie, 1881
New Orleans prem. 5o
Keokuk & St. Paul 8s
Indianap. Bl. & W., 1st mort... 17
38
36
100*4
&
114
do 6b, ;886
do
do
do
2d mort... j....
consol. 6r...
Carthage & Bur. 8s <?..
45
40
100*2
110
Rhode Island 6b
do
Lake Shore—
1
Dixon Peoria & Han. 8s.
railroad, Os.,
35
101
C?S5 tl 1*
do
South Carolina—
Mich. So. 7j>. c. 2d mort
wharf imp’ts,
O. O. & Fox R. Valley 8s
1101*4
55
47
8% no
at
•0 3>
43
42
Mich S.& N.Ind.,S.F.,7 p.c. ....
Norfolk 6s
6a....
88
107*4
Quincy & Warsaw 8s ...
40
Jan. & July.
Cleve. & Tol. sinking fund. ^ 110
Illinois Grand Trunk....
Petersburg 6s
90
107*4
40
do
new bonds
Richmond 6s
Chic. Dub. & Minn. 8s
April & Oct
1106*4:
20
100
97
40
Cleve. P'ville & Ash., old bds! 106*4]
Peoria & Hannibal Ii.
Funding act, 1866
60
54
100*4 101% Savennah 7s, old
50
Land C., 1889, J.&J
do
do
do
new bds.j 106*2
7s, new
| 54
60
Chicago & Iowa R. 8s8s. «—J
it....
Land C., 1889, A. & O....
50
Buffalo & Erie, new bonds... 100*4'....
American Central 8s
Wilm’ton, N.C., 6s, gold) coup 60
80
J Q
100*2
40
7s of 1888
Buffalo & State Line 7s
do
Chic. & S’thwestern 7s, guar.
85
8s,gold) on. 80
90
95
Non-fundable bonds
Kalamazoo & W. Pigeon, 1st 90 | 95
2*4
3*4
3
Chesapeake & G.2d m., gold 7s
7
Det. Mon. & Tol.,1st 7s, 1906.
Tennessee 6b, old
43% 44*2
RAILROADS.
20
Chicago Clinton & Dub. 8s
do
Lake Shore D1y. bonds
6b, new
43*4
107*41 Chic. & Can. South ’.6t m. g. 7s. 17
23’
Ala. & Chatt. 1st m. 8s, end
o
do
do
Cons. coup.. 1st. 103
6b, new series.
Ch. D. & V., I. div., lstm. g.7s.
4% 44*4
4
20
7% Ala.& Tenn. Riv. lBt mortis..
do
Cons, reg., 1st.. 107%
Chic. Danv. & Vincen’s 7s, gld 45
Virginia—
50
(Atlantic & Gulf, consol
I 63
68
32
do
Cons, coup., 2d..! 10d%
Col. & Hock V. 1st 7s, 30 years, 100
6e, old
103
do
end. Savan’h.
eo
32
do
Cons, reg.,2d
do
6b, new bonds, lc66
i.... TOO
1st 7s, 10 years, 99
do
stock
32
J.Marietta & Cin. 1st mort.
1867
do
6b,
do
2d 7s, 20 years.. 91
do
do
guar...
Mich. Cent., consol. 7s, 1902.... 100% 101
81*4
Connecticut Valley 7s
6b, consol, bonds
Carolina Central l=st in. 6s, g... 30
65
69
35
do
1st m. 8s, 882, s.f. ■ill "j....
Connecticut Western !st?s
6a, ex matured coup.
70*2 70*4
25
Central Georgia consol, m. 7s. 99
80
101
40
do
Chic & Mich. L. Sh. 1st 88, ’89. *+55
6b, consol., ‘3d series.
equipment bonds.
do
stock
65
40
33
New Jersey Southern istm.7s .... |
6a, deferred bonds..
0*4
Charlotte Col. & A. 1st M. 7s
j!Dan. Urb. Bl. & P. 1st m. 7s, g. 30
74
2
do
do
District of Columbia3.65s. 74% 74*e.
consol. 7s!
IDes Moines & Ft. Dodge 1st7s.
I
do
do
stock
do
N. Y. Central 6s, 1883
small.,
- ,103*4 1( 4 j I Det. Hillsdale & In. RR. 8s
& Darlington os
Cheraw
Too 104
do
do
registered
6s, 1387
EastTenn. & Georgia 6s
j 1055; 11(6
[Detroit & Bay City 8s, end.. .*+ 65
70
90
ho
do
6e, real estate... Tt 1*2 103 i!Det. Lans. & Lake M. lstm. 88 30
Railroad Stocks.
East Tenn. & Va. 6s end. Tennj yo
35
»0
do
do
6s, subscription.Jl‘T*4i....
2d m. bs.
E. Tenn. Va. & Ga. 1st m. 7s... (12
(Activepret i'uslt/ quot'd.)
93
do & Hudson, let in., coup 119% . .. ;j Dutchess & Columbia 7s
do
7254
do
6tock
16
Albany & Susquehanna...
46
13
do
do
; iDenver Pacific
1st in., reg..
Central Pacitlc
120
7s, gold
54
60
Georgia RR. 7s
165
IC3
Hudson R. 7s, 2d in., s.f.. 1885 114V 116 I; Denver & Rio Grande 7s,
S5?4
do
stock
Chicago & Alton
83
gold. 32
80
78
105
Harlem, let mort. 7s,coup... i H7); 120 I Evansville & Crawfordsv., 7s.. 100
do
Greenville & Col. 7s, 1st mort.
pref
90
103*2
do
do
7s. reg... *117*4
Gleve. Col. Cin. & I.
i; Erie & Pittsburgh 1st 7s
do
7s. guar.
27}: 23
45
j 100
40
North Missouri, 1st mort .....TOO ,102
85 *a
do
Cleve. & Pittsburg, guar..
cou. m., 7s.. ....
Macon & Brunswick end. 7s..
86*4
90
162
99
Ohio & Miss., consol, sink. fd.; 90%j 91
1 '
Col. Chic. & I Cent
Macon & Augusta bo.ids
|
do
7s, equip...:
85
91
88
do
Evansville Hen. & Nashv. 7s...! 45
consolidated
do
j 90*4, 91
Dubuque* Sioux City.
endorsed.... 92
95
•Jo
2d do
Erie pref
Chic. 7s. g.' *75
do
stock
82
j 49%! 5054 j j Evansville, T. II. & Ch
do
let Spring, div..>—
Mem plus & Charleston 1st 7s.. 85
I ...
Flint Pere M. 8s,Land l
83
Indianap. Cin. & Laf
grant... *78
87
Pacific Railroads—
Joliet & Chicago
do
2d 7s...
60 .
j
;
; Fort W., Jackson & Sag. 8e, ’89 *54
66
63
Central Pacific gold bonds .! 103%! 110
do
stock..
Long Island
98
R.& Ind. 1st 7s, l.g., gu. 95
8
5
do San Joaquin branch
do
Missouri Kansas & Texas.
89
J“
“
83
Memphis & Little Rock 1st in. 27
••«
istis,l.g.,notgj.; 79
do Cal. & Oregon 1st
do
New Jersey Southern.
90*4'
i
50
Missiaslppi Central 1st m 7s
if
1st ex 1. g. ,s.! 40
.At
90
85
do State Aid bonds.
i Grand River Valley 8s, .st in.. +50
!
N. Y. New Haven & Hart. 151
UQ
do
vU
111* 08
2d m. OO
60
75
!
73
do Land Grant bonds..1— !
Hous. & Texas C. 1st 7s, gold..,1 8i
Ohio* Mississ'npl.pref
|....
86
Montgomery & West P. 1st 88. 96 100
Western Pacific bonds. ...i 103*4:103*4
do
consol, bds..
Mont. & Eufaula 1st 8s, g., end
Pitts. Ft. W. & Ch., guar.. 95
60
68
e
25
15
Union Pacific, 1st mort. b’dsi 106%' 106% Indianap. & Vincen. 1st 7s, gr.. 77
do
do
Mobile & Ohio sterling 8s
special.
35
39*2
do
Land grants, 78.T01A..T0154 Iowa Falls & Sioux C. 1st 7s... +84
Rensselaer & Saratoga. .. ‘95
do
do ex cert. 6s
87
35
do
Rome & Watertown
Sinking fund...I 94%;
do
Indianapolis& St. Louis 7s.... 65
70
8s, interest
24
Houston & Gt. North. 1st 7s, g. 62
Pacific R. of Mo., 1st mort...[
St.Louis Alton & T. H....
do
2d mort. 8s
65
12
5
do
2d mort
15
! 86*4,....
International vTexas) Istg ...
do
do
N. Orleans & Jacks. 1st in. 8s.
63
66
prei.
99
103%
do
Int. H. & G. N. conv. 8s..
Income, 7s.
do
30
Belleville* So. Ill.,pref.
35
2d m. 8s. 78
85
do
letCaron’t B
Jackson Lans. & Sag. 8e,lst in t92
St. L. I. M & Southern....
Nashville & Chattanooga7s..
93
86
83
Penn. RRSt. I* K. C. & North’n,pref
Norfolk & Petersburg 1st m.8s S9
39
45
91
Pitts. Ft. W. & Chic., lstm..
do
Terre Haute & lnd’poiis
7e, g., I’d gr.,J&J,’80 57
do
do 7s 85
65
|
87
li4
do
do
2d m.
do '8, g.,
1
do
Toledo Peoria & Warsaw.
do M&S/86 10
2d in. 8s 6S
20
75
do
do
3d in.
do 6s, gold, J.&D., 1896
i
United N. J. R. & C
55
HI
Northeastern, S. C., 1st m. 8s.. 95
130*2 !33 1
98
Cleve. & Pitts., consol., s.f..
do 68, do F.&A., 1895.
90 i
112
Warren
do
76
2d m. 8s..
77
77*2
uo
4th mort....
do 7s, Leaven, br., ’96..
107%
35
MiseeDons Stocks.
Orange & Alexandria, lets, 6s. 80*
89
I
Col. Chic. & Ind. C., 1st mort
do
2
Am. District Telegraph...
2ds,6s..
78
72
do
do
2d mort
do
do
No. 16
do
2
Canton Coy Baltimore....
'22
3ds,8s...
59
Rome Watert’n & Og., con. 1st
do
Stock
60
do
2
4
Cent.N. J.Land & Im. Co.
4ths,8s.. 25
35
St. L. & Iron Mountain, 1st m. 98
Kalamazoo & South H. 8s, gr.+ ♦
Richm’d & Petersb’g 1st m. 7s.
80
American Coal
40
bo
100
do
do
Kal. Alleghan. & G. R. 8s, gr..
2d in..
94
Rich. Fre’ksb’g & Poto. 6s
97
32
Consolidate Coal of Md..
83
St. L. Alton & T. H.—
Kansas City & Cameron 10e.*+ 93
do
do mort. 78
Mariposa L. & M. Co
95
Alton & T. H., 1st mort
108
Kan. C. St. Jo. and C.B. 8s of ’80
Rich. & Danv. 1st consol. 6s...
do
do
pref.
2%
3%
76*4 77%
do
2d mort.,pref..
do
8-»of’9S #
‘ do
Southwest RR., Ga ,conv.78,’86 90
87*4 93
Cumberland Coal & Iron.
95
do
2d mort. inc’me
(Keokuk & Des Moines 1st 7s.
70
S. Carolina RK. 1st m. 63
j
76
io
91
Maryland Coal
89
i
Belleville & S. Ill.R. 1st m. 8s
do
funded int. 3s
90
do
90
7s, 1902
48
Pennsylvania Coal
1195
Tol. Peoria & Warsaw, E. D...
do
do
pref. stock... 20
30
7s, non mort
Bpring Mountain Coal....
33
do
do
i—* i
L. Ont. Shore RR. 1st in. g. 7s.
W. D..
i
89
do
stock
do
!
do Bur. Div.
Lake Sup. & Miss. 1st 48, gold.
!5
i'8 "Savannah & Char. l6t M. Ts..
’25
20
Railroad Ronds.
do
do 2d mort..
Leav. Law. & Gal. 1st m., 10s.. 20
Charleston & Savan’h 6s, end
i
25
20
(Stock Exchunue Price* )
do
do consol.7s
West Alabama 2d m.bs, guar..
30
[Logans. Craw. & S. W. 8s, gld.
4
95
93
Albany & Susq. 1st bonds 110%
Tol. & Wabash,lstm. extend..
dc
lstm. 8s
Michigan Air Line 8s
*+
98
95
do
d
do
do
ex coupon
93>4
89
Montlcello & P. Jervis .s, gld. •
9)
PAST DDE COUFONS.
do
3d
do
do
Montclair & G. L.Ist .s
lstm.fet.L. div. 73% 75
75
fcO
Tennessee State coupons
50
rfn
45
1st con*. erir-*r
do
2d mort
do
2d m. 7s (old Mont, ists)
66 ~ 70
South Carolina consol
8*4
90
80
Boston H. & Erie, 1st m..
do
1
Mo. K.&Tex. 1st 7s, g., 1904- 06 30
11*4
equip’t bonds.
52
Virginia coupons
30
do
do
guar.
11*4
con. convert...
35
do
2d m. income...
do
consoi. coup
85
83
Bur. C.R&Minn., lst7s,g
50
Hannibal & Naples, 1st mort 30
VleinDhis City Coupons
-.0
35
*
Cbeea, & Ohio 6s, 1st in.
22
Great
102
m.,
Price
Georgia 6b
do
7b, new bonds....
do
7s, endorsed.
do
7b,gold bonds...
Illinois 6a. coupon, 1879...
101%
107*4
107
104
’
-
..
...
..
T
r
„
...
So
8b, do
'iio'%
..
ibV%
.
...
...
.
j
..
__
|lu3 !....
.
....
...
«W:::
..
I
Pp
,.tf
• *
....
....
..
..
101%'
...
..
j'
106*4!
i
j
.
..
...
•••
—
....
...
..
.
...
JjGrand
•
.
...
...
...
■"
...
..
....
j 97
!ibd
by);1100
■
...
.
.
....
.
....
...
ff4f
j
tf
1
,
'
..
.
....
.
|
-
r
_
,,,
....
-
....
.
.
m
,
...
...
do
ex
Western, 1st
coup1
....
do
ex
1838..
coupon....
nominal.
89%
....
.
+ And accrued int2 est.
Piice nominal.
,
Bid. Ask.
SECURITIES.
67*2 ;N. Haven Middlet’n & W. 7a...
65
Quincy & Toledo, 1st in.. ’90..
105
116
111
90
51*2
2594
.
A tfD BONDS IN NEW YORK.
Prices represent the per cent value, whatever the par may be
Illinois & So.
*
do
Chicago, Rk. Island & Pacific. 100*4 109*4
11
[May 19, 1877,
Great Western, 2d mort., ’93.
106
do
S. F. Inc. 6s, ’95 IOO94 101
Central of N. J., 1st m., new.
10844 109
do
do
lstconsol...
55*4
28
''
page.
Ask.
1 !5
Chicago & Alton 1st mort
8a, 1888
8b, M. & E. RR..
8b, Ala. & Ch.K.
88 of 1892
do
do
8s of 1893.......
Arkansas 6b, funded
do 7b, L. R. & Ft. S. Isb
do
do
do
do
are
Bid. Ask.
SECURITIES.
CHRONICLE.
May IP, 1877.]
THE
CHRONICLE
466
NEW YORK LOCAL SECURITIES.
Bank Stock List*
GQ
Capital.
Companies.
1
qq
c V 00
Insurance Stock List.
Dividends.
Marked thus (*)
are not National
America*...
American Exch.
Bowery....
'
....
O
09
a*
Amount
It
100
100
100
Brw’ers’&MaltsV
•Q,
25
100
25
100
100
100
100
Chemical
Citizens’
City
Commerce....
Commercial*.
Perio<i 1875 .11876
X) 1.749,00 0
)0 l,f,l6,<U [)
X
218.00
0
46.3(J(
0 1,223,UC (
K)
29,71k
0
) 87,901
25
Broadway .
10
Bull’s Head*.
Butchers &Drov„ 25
100
Central
Chatham
^
J. & J
M.&N
J.& J
10
.
8
12
J
24
10
10
8
10
100
9
20
8
& J
M. & S
J. & J
894,301 J. & J
197,501 J. & J.
3.089,400 Bl-m’ly
0
176,901 J.& J.
V
0 ! .491,100
0 3,092.5(X
)
3,6)0
>
184,700
6.0.800
['
2a,40.'
)
76/0j
9
7
12
Q-F
J. & J.
J. & J.
Continental...
J. & J.
Corn Exchange*.. 100
F.& A. 10
100
3
J. & J.
Dry Goods*
25
8
J. & J.
East River
1
7
Eleventh Ward*.. 25
15,5‘JJ J. & J.
too
Fifth
73,400 Q-J.
1
100
Fifth Avenue*
118,400
100
First
497,900 Q—J. “(i’
100
8
Fourth
849.700 J. & J.
30
Fulton
502,600 M.&N. 10
50
8
Gallatin
612,900 A.& O.
Ger. American*.. 100
29,100 F.& A.
Ger. Exchange*... 100
34,700 May.
8"
100
Germania*
GV.00 May.
25
Greenwich*
*
17,; 00 M.&N. 100
Grand Central'.... 25
2,10*0 M.&N.
40
Grocers*
47.400 J. & J. 10
4
Hanover
100 1 ooo,otx
174.200 I. & J.
4
Harlem*
too
'100,coo
10,200 M.&S.
Import. & Traders’ too 1 500, OOt 1,747.100 J. & J. 14
50
‘21J00 J. & J. 10
’500.00(
Irving
50
<m
Island City*...,.
18,100
ioo, oi o
Leather Manuf.... 100
426,100 J. & J. 12
600,001
Manhattan*
50 2.050,0m' 1,147,500 F.& A
10
Manuf. & Merch*.. 60
7
11,100 I.& J.
l90,(XX
Marine
105
61, 00 I. & J. 10
Market
100
9
385,800 I. & J.
25
Mechanics
1.034,3010 I. & J. 10
Mech. Bkg Asso... 50
6
93,400 M.&N.
Mechanics & Trau. 25
600,000 331 (00 M.&N. 10
too 1,000,000
Mercantile
240,50)0 M.&N.
8
Merchants
50
8
s,0'jo,oa 873.000 J. & J.
Merchants’ Ex
230,i00 J. & J.
50 1,(500,otx
8
100
14.000 J. & J.
Metropolis*
500, (XX
7k
100 3,000,000
919,00) J. & J. 10
Metropolitan
100
6,70) A.& O.
Murray Hill*
8
200,OOt
Nassau*
100 1,000,000
50,400 M.&N.
8
New York
684.-(X) J. & J. 10
100 3.000,000
New York County 100
96.90)0 J. & J. 114
200,000
N. Y.Nat.Exch... 1001
76.000
300),000
7k
Ninth
100 1,500,00c
112,809 J. & J.
4
North America*... 100
66,200 J. & J.
8
1,000,000
North River*
5U
80,200 J. & J.
400,000
Oriental*
25
800,000 163,200 J. & J. 12
Pacific*
50
225.400 Q-F.
12
422.70f
Park
100 2,000,000
440,500 J. & J. 12
Peoples*
25
412,500 162,700 I. & J. 10
Phenix
20 1,000,000
174,(00 J &J.
7
Produce*
‘ 100
10,700
250.000
Republic
100 1,500,000
266-000 F.&A.
4
St. Nicholas
100 1,000,00()
132,600 F.& A.
8
Seventh Ward...
100
6
49.SOO J. & J.
300,000
Becond
100
71,200 J. & J. 14
300,000
8hoe and Leather. 100
1,000,000 271.<00 J. & J. 12
Blxth
ioO
38.800 J. & J.
200.000
S
State of N.Y
100
900,000 188.300
Tenth
100
15,400 J. & J.
500,000
Third
toff 1,000,000
178.400 J. & J.
8
Tradesmen’s
40 1,000,00(
441,700 T. & J. 10
Onion
50 1,500,000
758,f00 M.&N. 10
West Side*
" 100
8
77,700 J. & J.
200,000
T
•
•
•
Apr.2.‘77.2k
•
....
•
•
....
•
....
...
Feb.l, ’74...3
May 11, ’77..6
May 2, ’77...6
Nov i, ’76..4
8
3
Jan. 2, ’77...3
Jan. 2, ’77.3k
14
10
92k
•
....
•
.
6
7
3
....
Jan. 2, *77...7
....
93%
•
•
•
HjJK
68
.
•
•
•
•
....
....
....
Jan. 2. *77...6
Feb. 10,*77..4
9
....
.
•
.
3
9
♦
•
*
•
•
.
•
.
,
« •
Jan. 2. '77 .4 117
Jail. 2/77.3 w 85
3k Jan. 3, '76.3k
JaD .,’77... .5
10
Oct. i,’75. .4
....
«
.
.
•
.
•
....
.
.
8
115
119
90
....
.
....
....
6k May 10,‘77...3
10
Jan. 1, ’77.. .4 116
1
Jan. 1,'7?...4
3k Feb. 1, ’77. 4 IOO"
6
Jan. 2,‘77.. 3
7
Jan. 2.’77 ..3
July l,*74.3k
12
Jan. 2. *77..°. 6
12
May l. ‘77...3
10
Jan. 2/77...3 .07*'
10
Jan. 2/77...5
Jan. 2, *77.. .3 04k
7
July.lS’74.3k
97“
Feb. 9/77 3*
8
Aug.14 ‘76..4
6
Jan. 2/77...3
....
123
....
....
11 »k
...
....
.
62
....
£0
•
.....
..
’00
90
...
•
8
....
.
•
.
Q
....
....
Jan. 2, *77...4
Jan. 2,*77...5 135
May 1. ’77.2k
May 1, *77 ..4
May 1, *77. .3
10
.
'
Jau. 3, ’76...5
8
ICO
150“
July 1/75..8>$
5
....
....
.^-••-¥TfS[t„EOOO
i2
85“
.
185“
Jan. 2, *77...4
.
•
....
Mch.l, ’75..4
,
•
f
•
....
..
....
...
112
139
105
....
.
12
11
S
Jan. 2. ’77...5
Jan. 2, ‘77...5
Jau. 1, *77...4
8
MaylO.’I7.3k
Jari.2 ’74.2kg
Ju,y 1/76-. I
.
•
•
•
•
•
•
98
99
....
...
....
119k 125
iii‘
...
....
...
....
9
8
.
Jan. 2.*77...5 130
May 1,’77...4 132
Jan. 2,’77. .4
10
..
.
1
Gas and City Railroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss, Broker, 30 Broad Street.]
•
Gas Companies.
Par Amount. Period
Brooklyn Gas Light Co
25
20
Citizens’Gas Co (Bklyn
do
Gertiiicates
Harlem
50
20
50
100
Jersey City & Hoboken
Manhattan
Metropolitan
do
certificates....,
do
b
n .8.
Mutual, N. Y
100
25
2,000,000
1.200,000
5
.
.
4
,
a
320.000 A.&O.
F.& A.
386,000 J.& J.
4,000,000 J.& J.
2/00,000 M.& S.
1.000,000 M. & S.
500,000 J.&J.
1,550,000
5
000,000
1,000.000
do
scrip
700,000 M.&N.
New York
ICO 4,000,000 M.&N.
People’s (Brooklyn)
10 1,000,000 J. & J.
do
do
bonds
lote
325,000 F.& A.
do
do
certificates...
300,000
Central of New York
50
466,000 F,& A.
Nassau, Brooklyn
....
...
Williamsburg
50
1,000,000
000,000 J. & j.
i<6 1.OOO,' 00 M.&N.
do
scrip
Metropolitan. Brooklyn
Rate.
1
4
Last
Bid.
Jan..
’77
3k Apiil, *77.
4
5
5
5
Ftb., *77.
Jan.! ’77.
Mcli., *77.
Feb., ‘77.
165
v,0
95
xl03
160
x<03
13t
3k Feb.. ’77. xl02
3 k Jan., ’77.
2k \pr., ’77.
3
Jan., ’77
3k May 1/77.
5
May ’,*77.
3k Jan.,
76
102
91
80
95
13.)
37
90
80
3s
Askd
dividend.
Feb., ”77
Feb. 1/77.
2k Apr., '77
3^ .Ian..
’17.
2k May20/77
67k
125
*9
x75
170
94
V 0
105
.900,000
694,000
Broadway A Seventh Ave—stock..
2,100,000
1st mortgage
1,500,000
Brooklyn City—stock
2,000,000
1st mortgage
300,000
Broadway (Brooklyn)—stock
200,000
Brooklyn db Hunter'sPt—stock....
400,000
1st mortgage bonds
300,000
Bushwick Av. (B'klyn)—stock
£00,(00
central Pk, N. A E. River—stock. ‘ioo 1,800,000
Consolidated mortgage bonus... 1000 1,200,000
Dry Deck, E. B. ABattery—stock. ioo 1,200,000
1st mortgage, cons’d
900.000
ioo 1,000,000
ELght,h Avenue—stock
1st mortgage
1000
203,000
*2dSt. A Grand St Berry— stock... 100
748,000
1st mortgage
loot'
236,000
Ventral Cross Town- stock
100
560,000
1st mortgage
1000
200,000
Houston, West st.APav.Fen'y- stk. 12
250,000
1st mortgage..
500
500,000
Second Avenue—stock.
100 1,199,500
1st mortgage
1000
2'0,000
3d mortgage
1000
150,000
Goss. Convertible
1000
770,000
Extension
200,000
St9th. Avenue- Bt ock..
KM.
750,000
let mortgage
1000
415,000
Third Avt.nue—stock...,
100 2,000,000
1st mortgage
1000 2 000,000
lotTirenly-ihira Street—bIock
600,000
•
100
iOOO
100
loot’
10
1000
100
:oo
KXX)
J. & J.
J.& J.
J.&D.
Q-F.
M.&N.
Q-J.
J. & J,
J.&D.
Q-F.
J.&D
J & J.
J. & J.
M.&N.
A.&O.
.
.
............
..
1*»
nor.
Thu
r»n
ill*'
column snows last dividend uc
osn.ono
1880
Sk Jan , ’77
7
1834
3
7
Apl
“70“
’77
Oct , '76
1868
108k
95
84
100
132
48
96
90
95
1?‘5
102
77 k
4
1895
2
Feb., ’77
6* Jan., ’77
7
5
7
May,
12
90
‘77
1813
‘160
»U
*£0*
’77
July,i894
75
71
F.
& D.
A.&O.
M.&N.
A.& <».
M.&N.
J. & J.
?:
Q-F.
J. & J.
J & J.
2
7
7
7
Jan.. ’77
1877
1885
1888
’83
*77
Oct..
7
4
7
1090
Feb , *77
May,
8U
92k
7
5
7
5
1390
Feb., ’77
92 H
200' ’
105
150
100
00
100
M.&N.
May, ’77
stocks, also date of maturity of bond«.
35
100
100
100
50
25
25
100
20
50
50
100
50
2V9.251
43*9,009
192,160
160.326
4755,2bG
6,078
133,145
155,156
103,454
16,653
165* ‘
98
115
.
.
none
135,012
3,000,000
150,000
1,002.784
41,293
1*8,366
109,418
5
7
10
10
20
10
io‘
73.175
15
7
110.327
185,46 6 10
293,653 10
315.907 20
182,031 10
5
65,715
194,002 7
125,411 20
229,513 20
128,169
841,235
210.544
none
19
10
12
10
10
10
13
10
55
io“ io‘
20
10
10
10
12
12
13
10
20
20
20
10
10
16
10
10
14
30
10
10
20
20
20
12
20
20
7
10
20
20
10
!0
10
15
10
10
10
20
10
10
17
20
20
10
20
20
139.085 18
219.330 20
122,215 14
869 346 10
20
20
18
10
63,587
4 70.106
151/36
77.457
155,263
192,769
251,537
201.454
406.550
10
10
20
10
11
15
10
10
16
140
10
14
1U
12
150
dan., *77..5
Jan.. ’77..5
60
100
210
70
103
Dec.,*76.10
Feb. ,’77. .5
Feb..’77.10
Jan. .’17. .1C 200
Jan.,*77.. 10 175
Feb., ’77.10 150
•Jan.. ’77.10 145
July, ’76..5
60
Jao., ‘77..5
Jan., ’77..5
Jan ,77.6*21* 138”
Apr,, *77.10
Jan,,’77 .7 117,
July, ’76 .5
Feb., *77.10
,
95
220
210
190
160
65
80
225
125
103
»
,,,,
Jan.,’77.7>4
Jan.,’77..6
Jan., *77..5
Jan., ’77..6
•
Aug., ’76. .5
Jan., ’77..5
Jan., *77.15
Jan..’77..i0
Jan.,’77.10
•
1.0-
135
115
80
1 !8
128
11U
70
115
70
no
200
175
140
130
275
60
85
Jan.. ’77..5
Jan., ’77..5
Jan.,‘7 7..10
Jan., ’77. 5
Tan., ’77..5
Jan., *77..5
295
70'
96
160
130
97
110
90
150
125
90
-
-
,
ii2
109
115
1160.
i75
Jhii., ’77..5
Jan., *77.10
Jan.,’77..5
Jail., ’77..5
Jan., ’77.10
90
Jan.,’77, .5
Jan.,’77..6 ISO
Jan., ’77.10 13C
Jan., *77.20 180
Jan., ’77.10 lot*
90
Jan., ’77. .5
Jan.,’77.10 160
Jan.,’77.19 140
Jan., *77.10
Jan., *77..8 iso"
'Rn.,’77.10 ISO
185
105
160
110
150
100
95
165
20
10
•20
20
25
16
20
20
Feb..’77.10
Jan., ’77..6
Arl., ’77. .6
140
193
5
10
20
25
Jan., 77.10
Jan., ‘77.19
Jan.,’77 3)4
Jan *77. 5
170
150
135“
‘200
165
200
iso
87
100
92.
65
113
190
125
85
10C
,
Jan.. ’77..5
85
July, 76-.5
Jan., ’77..?
-
Jan77.6*12*
Jan.,’77.. 10
Feb
6
192k,
i55* ‘ieo*
t
120
125
,’77..5*
Jan., ’77. S| 149
Jan.,’77.12 165
Jan.,’77. B 150
Jan ,’77..5
10
20
96.
140
140
1 Vi
125
250
Jan.,’77.10 216
Jan.,’77.10
102
“90 '
ic6
Jan..’77.10
0
2
30
<0
29
20
20
2k
t»
•
100
Men.,*77. .5
Jan..’77. lo
14
30
iO
20
20
16
10
20
80
100
70
t
Jan ,’77. .8
20
20
[5
5
3k
10
0
[0
0
0
10
!1
3
20
25
■2 k 5k
0
0
16 ♦
....
183,259
12
10
10
20
10
•20
lU
10
20
'0
11
13
30
20
10
9k 11
219.483 20
150,55')
59,560
Jan., ’77..5
A pi., ’77. .6
Jan., ’77..7
Jan , ’7 ?. .5
Jan., ’77. .4
Jan.,’77..5
Jan.,*77...6
Jan., ’77. .6
12
10
*5*'
3,270
S'), 981
Bid. Askd'
iu* ’ io“ U)“ Ja'».\",77"5
10
12
20
13;291
20
10
10
10
10
10
10
15
22.630
500,391 iO
132,714 12
41C.076 20
500,000
20
io‘
4157,016
200,000
200,000
210,000
200,000
200,000
200,000
15
15
;0
12
10
10
so
w
40
14
10
20
!0
10
10
10
61,099
f 117,568
204,836
65,593
159,503
132,772
200,000
200,000
30
i*k
10
10
10
10
10
15
50
651,837
691,800
t
30
14
10
15
:0
10
13
96.000
20
20
10
10
25
9-80
30
10
11 l,U0>t
200.0*00
250,000
200,000
150,(XX
200,000
5
20
30
20
20
20
10
10
20
< 10
.
510,165
150,000
200,000
300,000
10
10
30
17
10
10
13
12,-07
13,376
200,(XX
200,000
200,010
150,000
280,000
150,(XX)
200,000
8
n
*20
<
4
172,151
500,000
10
10
10
20
5
20
30
.
1U5.6>6
350,000
200,000
200,000
150,000
P
150,000
P
1,000,000
P
200,(00
K
200,000
100
R
800,000
100
R
200.01*0
100
R
200,000
R
25
200,000
Si
100
200,000
R1
25
200,000
Standard
50
200,000
Star
100
200,000
100
Sterling
200,000
251 200,000
Stuyvesarit
Tradesmen’s....
251 150,000
United States
| 25
250,000
Westchester
to
300.000
50
Williamsburg City.
250,000
•
28,906
10
25
15
10
8
10
0
20
10
20
20
20
7k
.
316,910
200,000
Jin. ’77.U1
195
.
180
10G
160.
175
155
200
Over all liabilities,
including re-insurance, capital anti icrip + iha surplus
represented by scrip is deducted, and ihe figures stand as actual net surplus.
4Continental, 11*45; Standard, 11 55.
City Securities.
lOuotations bv DanirlA. Moran, Broker, 40 Wall Stre°t.]
'
Interest.
Pb ICK
Bondsdue.
Rate.
Hew York:
Water stock
do
1841-63.
5
6
5
6
6
7
1854-57.
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ct stock.1865.
do
Jo
pipes and mains...
reservoir bonds
Central Paik bonds. .1853-57.
do
no
Dock bonds
do
..1853-65.
1870.
1-75.
Floating debt stock— 1860.
1865-68.
Improvement stock.... 1869
do
c.o
Consolidated bonds
Street imp. stock*
do
do
New Consolidated
Westchester County
6
5
6
7
do
do
do
do
6 g.
6
7
5 g.
7
I'.
do
do
do
May & November.
Feb.,May Aug.&Nov.
do
do
do
do
May & November.
do
do
do
do
do
do
do
do
do
1901
1888
1879-82
1896
1894
do
Askd
100
100
lOf-5%
1(0
103
li 3
100k
112
106
11.0
100
118
106
101k
104
105
no
102k
104k
103
106
102
105
106
113
107
100k
107
119
107
102
118
105
117
112
105
lot*
110
107
whII sr,.|
rttitK«.4r., riroKer. ,s*4
•
do
Park bonds
Water loan bonds
7
7
7
7
7
6
6
Kings Co. bonds
7
A
6
6
6
7
7
T
7
7
1877-80
1881-95
1915-24
1903
1915
1992-1906
1881-95
1880-83
January & July,
do
do
do
do
ao
do
do
do
do
do
do
do
May & November.
<lo
do
18R"
,
January and Jnlv.
120
118k
117k
109 k
)19k
ll('k
107
uu
lira
io9k
107
’•
1(8
112
120k
lC9k
112
'09
112 k
109
Jersey City.]
111
1891
do
Jan., May, July & Nov.
J. & J. and J & D.
1C2
1(8
118
1895
1899-190*2
1877-79
January & July.
January & Juiy.
do
„
1924
1907-1P1G
January & July.
do
do
Bridge
•Ah BruoKlyn bonds fiat.
[Quotations by C, ZabrI'Kie 4? Montgomery St
Jersey (Jity—
Watei loan, long
do
...1869-71
Sewerage bonds
1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds
1868-69.
1877-80
1877-79
1890
1883-90
1884-1911
1834-1900
1907-11
1877-98
1877-95
1901
1905
1878
1894-97
1889
1879-90
do
May & November.
var.
do
do'
Park bon 6s
Feb., May Aag.& Nov.
7
6
7
var.
Bid.
Payable.
Feb.,May, Aug.& Nov.
1869.
var.
Months
6
6
Water loan
City Donas
100
9u
7k
14
10
108,368
4ll,9S6
500,000
Bridge bondB...
125
*•**
j. & j.
50
50
100
25
50
50
IOC'
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
Brooklyn— Local impr’em’t—
City bonds
9J
May,
:5
10
14
15
10
.
Price.
187; 187
k
317,639
11,184
57,663
112,297
509,394
lyuoiations ny N.
85
75
100
155
100
115
102 k
(
G
G
I
I
I
I
H
E
I)
Ii
J
K
K
L
L
L
L
L
M
M
M
M
M
M
M
N
N
N
N
N
N
N
N
P
P
P
Market stock
75
‘•ik Jan.,“’77 “35*
*
F
G
G
G
200,000
200,000
300,000
200,000
200,000
153,000
800,000
210,000
250,000
SOO.OOO
200,000
200,000
1,000,000
300,000
200,000
'200,000
200,010
200,000
204,000
150,000
150,000
200,000
1,000.000
500,000
200,000
200,000
200,000
200,000
150,000
00
a
77,195
5,245
10,451
200,000
103k
190
104
h
137k
10C
SH Feb., ’77
1872
7
.
3
7“
50
1(X
40
100
100
30
50
17
10
10
UK)
100
50
50
25
100
100
C
f
I
]
1
206
[Quotations by H. L. Grant, Broker, 145 Broadway.]
bieecker St. A FuttonJPerrg—\Btock
1st mortgage....,
100
'
I
..
...
•
17
2(
70
IOC
3C
<
•
,,,,
July 1, *76...3
•
........
,...
77
,,,,
;
(
....
7U
•
200,000
C
....
lC5.k
12
Jan. 2. 77...3
7 k Jau. 2, "tf.Sk 69k
10
May 1, ’77...5 143
7k Apr.10,’77.3k 110
t
r
...
Jan. 6. *76...3
.
& M’lst’rs
....
....
Dividends.
PLUS,
Jan. 1
40,350
50, U6
4269,328
400.000
2.5
190
25
....
Net sur
1877.*
200,000
200,000
5< l
L0
...
10
•
2.
10c
ICC
1(X 1
21
...
6
•
Adriatic.
•••
•
I
American..
Feb. 1,-77...5
4K July 10,’76..2
'•’k Jan. 2, *77...3
'
,
i
...
3
10
:
.
Bid JAsk,
I
Par Amount.
Companies.
123
l'Jlk
Jan. 2, ’77./
Sept.l ‘75. .5
Jau. 2, ’77...4
Jan. 2, ‘77...<
•(an. 2, ’77.. .5
May l, *77 .15
Jsn. 2. '77.3k
May 1, ’77...5 *00
Jan. 3, ’77.. £ 105
10
8
10
100
8
20
7
8
Last Paid.
Jan.2,‘77...
May 1,*77..
.
.
Capital.
1
Jan. 2. *77..
63
-
.
|
Price.
F S*
109
ldlk
no
1905
no
1<*»)
105
102 %.
Ill
102
110
111
10-5
466
THE
CHRONICLE.
[May 19, 1877
Trustees Pottowatomie Lands
Trustees Po-towatomie Lauds, special account
3 noestmenls
28,704
15,840
20,627—
Bills receivable and accounts due
Cash on hand, currency
Cash on hand, gold
Ed. Wilder, Treasurer’s balance, Topeka
AND
STATE, CITY AND CORPORATION FINANCES.
402,382
65,903
....
191,562—
Total
The ^Investors’ Supplement” is published on tbe 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
subscribers.
sufficient number is printed to supply regular
ANNUAL
REPORTS.
Atchison
Topeka & Santa Fe Railroad.
(For the year ending Bee. 31, 1876.)
The annual report, just issued, has the
following: Gross earnings
for the year, including leasud lines, were $2,480,582;
operating
expenses, $1,175,489; net earnings, $1,311,093; operating expenses,
47 27 100 per cent of gross earnings.
This was a net gain over
the estimate made for 1876 of $175,860.
The comparative earnings and expenses of 1875 with those of
1876
are as
follows:
Earnings for 1876
$2,486,582
1,5-20,858- $966,224
1,298,338
776,430— $521,907
..
Earnings for 1675
Operating expenses for 1 “76
Operating expenses for 1875
Net gain for 1876
$141,316
These figures include expenses for taxes and increase of mile¬
age
for 1876.
The President’s report says: The large increase in the
receipts
over those of 1875 may be accounted for in
part by the growth of
business in Kansas, but it is mainly due to the benefit resulting
from the two leases which your Board made last
year.
One of
these leased roads, the Pueblo & Arkansas Valley, gives
us a large
share of the through business of Colorado and New Mexico; and
the other, the Kansas
257,465
132,730
..
$24,212,350
Cr.
Capital stock, 86,150 shares, par $100
$8,615,000
First mortgage bonds (1899), 7 p. c. gold, Jan. and July
.$7,041,000
Land grant bonds (1900) 7 p. c. gold, April and Oct
3,369,000
Const lidated mort. bond (19< 3) I p.c. gold, Apl and Oct
3,294,000
Lind Income bonds, 12 p. c. currency, Jan. and July..
472,000
Notes payable tl8*7—*S2) 7 p.c. currency, Jan. and July.
280,000— 14,439,000
Currency and gold scrip
91,210
Notes payable and accounts due.
186,246
Coupons due January 1, 1877. viz :
First mortgage coupons and gold premium.
$264,301
Wichita mortgage coupons and gold premium
15,360
Note coupons, currency
9,021
Overdue coupons Jan. 1, 1876, to Jan. 1, 1877
11.8S7—
300,570
Pottowatomie bonds (contingent) 7 p. c. eur., May and November..
4*6,500
Income balance
113,823
Total
$24,232,350
Georgia Railroad and Banking Company.
(For the year ending March 31,1877.)
The President, Mr. John P. King, says in his report:
The policy recommended of permanent
adoption of steel rail
instead of iron for renewals, is undoubtedly sound, and after the
fullest trials and tests, has been adopted by most of4.be
leading
roads of the country.
About thirteen miles of approved pattern
quality and make, have been ordered to be
and June. Should the means of the Company
justify, this order may be doubled. The hopes of increased net
profit, as a result of the large reduction of expenses about the
close of the preceding fiscal year, have not been
fully realized.
The heavy losses by fire and flood, at Oconee and
Macon, not
only for renewal of bridges, but by heavy diversion of business,
fell mainly on this year’s business.
The heavy loss, also, by the
opening of the North-Eastern Road from Athens, has been, as
was expected,
severely felt.
Upon the business outlook for the future, the Board will ven¬
ture no prophecies or predictions.
At the present the prospect
for Southern roads seems gloomy
enough.
The railroad interest
is not an isolated interest., hut sympathizes
closely with various
and guaranteed
delivered in May
City Topeka & Western, affords us the con¬
necting link between our own road and the numerous lines
running eastward from the Missouri River.
The Topeka Equipment Company, organized in accordance with
the Company's circular of Jan. 29, 1876, to
supply the large other interests with which it, is connected, and on whose
amount of additional rolling stock
required to meet the increased
ity it is mainly dependent.
business of the road, has been of great value to us
during the
EARNINGS AND EXPENSES. ‘
year.
The road has now ample facilities for transportation of
Earnings,
every kind.
The addition to our equipment during the year con¬
Expenses.
Passage
$191,230 Conducting transportation..
sists of 21 engines, 9 passenger, 8 baggage, and 337
freight and Fre'ght
Motive power
919,641
coal cars.
prosper¬
$194,026
...
223,889
173,074
52,119
....
...
Mail
The suit of the company against the United States for compen¬
sation for transportation has been decided by the
Supreme Court
in favor of the Company. The amount due from the Government
Dec. 31, 1876, was $202,373. The detention of this
money is a
great hardship, but we hope eventually to recover it.
In the Land Department the sales of the year amounted to
122,201 acres, aggregating, at the average price, $5 44.V per acre,
$665,455.
In 1875 only 75,415
the average
price—$5 59
per
acres
were
sold, aggregating, at
acre—$416,409.
The cash receipts in 1875 were
The cash receipts in 1876 were
An increase of nearly 60 per cent.
$217,710
310,311
One remarkable feature of this year’s business has been the
large cash payments on sales. The amount of cash on sales in
1875 was $69,525, while in 1876 it was $168,751, an increase of
142 per cent. Another noteworthy fact is that fully
sixty per
cent of these sales of the year have been made, as the Commis¬
sioner states, “in the extreme western counties of our
land-grant
now in the market where, four
years ago, there were no settle¬
ments."
The Board have
purchased 1,000 tons of steel rails, which are
now being laid over those parts of the road where the
tonnage is
heavy; and they intend to substitute steel rails for iron as fast as
possible, chargiag to new construction only the difference in price
between steel and iron rails, and to operating account the balance
of the expense.
INCOME
ACCOUNT, 1S76.
Dr.
Operating twelve months.. .$1,175,489
Leased lines, viz :
Wich&SWRK
$39,426
K C Top & Western 101,826
Pueblo & A Val KR. 151,151— 295,404
First mort coup.gold 492,8*0
Con mort coup, gold 149.450
Currency coupons
26 713
Gold premium
55,661
Interest
3,8! 9
Rent rolling stock..
Materials(deprect’n)
Expenses, salaries,
<fcc., at Soston
Taxes. 1876
Balance credit
new
16,314
10,507
16,^68
122,849— 899.176
acct, 1816
120,783
4,321
$2,490,852
Mail
Deduct
$6,959, the debit balance
1S75, leaving $113,623 to credit of new
account.
Earnings, main and teased lines, viz :
Freight
$1,6S8.!0?
Passenger
715,699
Cr.
Interest on $244 OCO Consoli
dared Bonds, exchanged
for 1882 notes..
37,989
35,618
Express
Miscellaneous
SHEET
Dec. 31,
down
FROM GENERAL
Dr.
;..
$113,823
LEDGER, DEC. 31, 1876.
$22,118,385
746,4U
Equipment
Rolling Stock
New construction, 1676
Wichita & South Western Railroad
Trustees Land Grant
,,
cars
$643,110
500,017 ‘
Net earnings
The expenses are
In operating the
5G£ per cent of the gross earnings.
road the percentage of expenses on gross
receipts will compare favorably with the best managed roads in
the country, notwithstanding its incumbrance with several
unprofitable branches. For instance, the last annual report ©f
the Central Railroad makes expenses G3 per emit of gross
earnings.
The last annual report ot the Atlanta & West Point Railroad
makes expenses 01| per cent.
The last annual report of tbe
Charlotte Columbia & Augusta Railroad makes expenses G1 per
cent.
The last annual report of the {South Carolina Railroad
makes expenses 57i per cent.
CONDITION OF THE GEORGIA RAILROAD AND BANKING
CO.
31, 1817.
ON MARCH
Dr.
The road and its outfit...
Real estate for road
Real estate
$4,156,000
90,842
32,940
Banking house and lot
Materia! on hand for road
Road expenses
Interest on bonds
Incidental expenses and salaries
Taxes
35,000
'.
52,259
739,910
37,520
9,241
3.069
Attorneys’ fees and costs
1,828
Stocks—
18,00) shares Nash. Chat. & St. L. R’y, each $25, valued at.. $65,000
1,489% do Rome Railroad Co....
100,000
4,000 do Atlanta & West Point RR. Co
400,000
2,0u0 do Macon & Augusta RR. Co
10,000
4?0
N. Y. & S. C. Steamships.
do
29,003— 595,000
Ponds—
70 Western of Alabama RR. Co.....
66 Baldwin County, Ga
15 Macon & Brunswick KR. Co
9
10
“
City of Macon, Ga
City of Athens. Ga
....
& Ga. RR. Co
".
Western RR. of Alabama purchase account
Western RR. of Alabama coupon account
Less paid by Western Railroad
Coup ns paid as guarantors—
Macon & Augusta Railroad Co
Port Royal Railroad Co
Bills receivable—
Assessment on stock
Cash
“
“
“
$1,000
61,100
5C0
each
33,000
1,0C0
1,000
12,750
9,000
1,(00
510-
100
1,000
117,360
361,005
166,170
82,500—
83,670
249,405
137.472— 386,877
36,800
207
51,253
38,317
439,430
.
$23,342,545
97,225
,$31,919
305,240
$6,790,787
Cr.
1376—Bal. brought
Construction
Engines
4,270
“
,
$1,143,123
$2,490,852
9,168
$2,486,582
BALANCE
Maintenance of way
1 East Tenn.
..
Insurance
29,205
Capital stock
Profit and loss
Iucotne of road.
Dividend on stocks
Intcrcy fc
Bonds of this company
•»•%•
•
$4,200,000
60b,131
••••
*/.
Unpaid dividends
Due to other corporations, &c.
Completion of Macon & Augusta Railroad
Bank notes of this company
Tiansportation office change bills
$1,202,312
54,436
3,050—1,260,898
530,000
43,511
2,071
71,000
...$77,213
460—
77,673
.....
$5,790,787
MACON & AUGUSTA RAILROAD.
Maintenance of
$90,686
“
21,693
3,950
Passengers
Mail
$116,329
,
uary,
1876.
two-fold:
Expenses.
Earnings.
Freight
467
THE CHRONICLE
May 19, 1877.]
$1,452
37,564
cars
way
Motive power
Conducting transportation....
|
22,329
26,593
$98,010
18,289
—‘Net earnings
The causes of this diminution in net earnings are
First—The weather during the winter months of the
was in Ontario (but still more in the northern part of
the State of New York, with the railways in which State the
Great Western exchanges the greater part of its traffic) of
unusual severity. For weeks the interchange of freight traffic
half-year
was
greatly interrupted, and for some days ceased altogether, and
many as 3,000 cars were at one time detained between
Detroit and Suspension Bridge.
This excessive severity (beyoDd
the average) occasioned a loss to the company of at least £28,000.
as
Grand Trank of Canada.
(For the half-year ended December 31, 1876.)
1876.
1875.
The gross receipts upon the whole undertaking, including
the Buffalo and Champlain lines, have been
£1,046,348
Which are reduced by the discount on American currency
22,490
£916.215
£1,023,858
£893,682
818,408
716,610
£205,450
£177,242
22,263
Deduct—Working expenses (being at the rate of 80*17 per
cent,
against 79*93 for the corresponding period last
year)
From this, however, has to
military revenue due for
holders
be deducted the postal and
the half-yiar to the bond¬
17,045
£183,802
Which leaves
16.64S
£160,197
balances, promissory
lines,
of business
616
616
2,700
11,036
Atlantic & St. Lawrence lease
Lewiston & Auburn Railway rent,
Detroit line lease
Montreal & Champlain bond interest
Buffalo & Lake Huron rent
...
£52,513
1,819
11,250
£26,625
3,189
Decrease in local live stock
8,864
1,064
,v
£4,825
earnings and working expenses, reduced to a similar gold
basis, for the last five half-years, compare as follows:
Cash working ex¬
penses, excluding
renewal and
other funds.
111,214
15,000
Earnings
15,000
£187,657
the Portland sinking
fund, now credited
37,440
Leaving a balance of.
£150,417
9,779
£160,197
The amount brought forward from the last half year was
£1,787, which, added to the above balance of £9,779, makes the
total amount carried to the next account £11,567.
The gross
receipts for the half-year (after deduction of discount on American
currency) show a decrease of £129,976, or 12*69 per cent, as com¬
£5,284
£j4,459
Total decrease
11,571
35,607
3 <9
59
The
34,090
stock
over
:
Decrease in through freight earnings
Decrease in through live stock
Decrease in local freight
Increase in local passenger earnings
Increase in through passenger earnings
Increase in mails, express, freight, and rent
4,628
Interest on Montreal Seminary debentures
Interest on Island Pond debentures
Deduct amount contributed out of revenue to
and Canadian Trunk
control. If the rates and fares, in
prevailed during the half-year under
notice, the additional receipts would have been about £104,000.
The following table shows the increase and decrease of the
earnings of the half-year, distributed among the several branches
which this company had no
force only a year before, had
£39,743
£2,476
notes, European exchange, &c
Interest on British American Land Company’s debentures....
First equipment bond interest
Second equipment bond interest
Five per cent perpetual debenture
during the halfand fares, resulting from the con¬
1876.
—applicable for the following payments, \iz.:
Interest, &c., paid on lands—
Interest on temporary loans, bankers’
Second.—The Great Western suffered severely
year by the reduction of rates
test between the American
Half-years ended
January 31,1875..
July 31. 1875.
January 31, 1876..
July 31,1876
January 31, 1877.
After careful
...
per train
mile,
d.
s.
6
4
5
4
10*
4
9
8*
11*
7
Per train
mile.
Per cent
of gross
s.
d.
receipts.
4
11*
74*38
9J*32
70*99
73*63
78*11
4
3
3
3
6
11*
6*
8*
Working expenses,
including renewal
and other funds.
Per train
mile.
s. d.
5
4
4
4
3
Per cent
of gross
receip*f.
79*8*2
4
9*
4*
6*
11*
„
9577
78*77
83*94
83*15
consideration, aided by full reports from the
executive, the directors have determined that from August 1,
1876, the amount expended for repairs should be charged to
revenue as incurred, restricting the operation of these funds
exclusively to tlie replacement of the rolling stock when worn
out.
The Great Western Railway Act, 1876, provided that the
revenue overdraft to the 31st January, 1877, and the ov«r-calcuThe working expenses, including renewals, lation of the revenue assets, might be written off to the extent of
have amounted to £716,640, or 80*17 per cent, against a total
£300,000. It was stated in the last report that the overdraft to
charge of £818,403, or 79*93 per cent, in 1875, showing a decrease the end of July, 1876, was £209,426, and that the over-calculation
of £101,768, or 12*43 per cent against the above decrease in the of the assets would be about £65,000, £25,000 being thus reserved
receipts of 12*69 per cent.
The passenger receipts were less by for any overdraft in the current half-year. The latter, to the
£14,647, or 4*54 per cent, but the number was increased by great disappointment of the directors, lias reached the sum of
59,256, or 5 37 per cent as compared with 1875. The loss, caused £33,623 ; but the revenue assets had been somewhat undervaloed,
principally by the general competition during the half-year, was, and the amount which it has been determined to write off on this
however, to some extent compensated for by an increase in account is only £54,881. In all, therefore, the powers of the act
excursion traffic, which was carried without any increase to the
lave been used to the extent of £297,930, or £2,069 within the
passenger train mileage.
The receipts from freight traffic total amount authorized by Parliament. The dividend on the
decreased £118,288, or 17*55 per cent., and the tonnage increased
preference stock, due on the 1st February last, has also been
58,178 tons, or 5*43 per cent. The competition unfortunately funded under the provisions of the act of 1876. The addition to
carried on by the American trunk lines fbr traffic with the sea¬ the preference capital arising from this and the previous funding
board continued during the half-year, and the evil effects of it is £61,657,
making the total preference capital £505,753. Tbe
were aggravated
by the loss of local traffic, and the deficient amount placed to the credit of capital account during the halfharvest in Canada. The reduction of the freight rates, as com¬
year is as follows:
pared with December, 1875, was equal to a loss of gross receipts Preference stock issued for funded dividends thereon to 31st Jan., 1877. £61,657
for the half-year of £190,000.
450
The total number of passengers On account of arrears of calls on shares
carried was 1,162,242, as sgainst 1,102,986 ; and the quantity of
Total.
£62,107
freight was 1,129,108, against 1,070,930 tons. The average receipt Deduct balance of bonds due 15th July, 1876, paid off’
£7,6C0
per passenger was 5s. 3|d., against 5s. 10d., and per ton of freight, Difference in exchange
1
£7,6C 1
9sfc 9|d., against 12s. 7d. The charge lor the maintenance and
renewals of way, stations and buildings, has been reduced by
£5i,506
£101,371, owing principally to the decreased renewals of way now
The net charges to capital for the half-year amount to £354,550.
required for the main line. For tlie whole year of 1876, the total The
at tlie
charge borne by revenue for the maintenance and renewal of the have large balancesdirectors credit of the several reserve funds
enabled the
to postpone the issue of further
road, structures and rolling stock has been £484,000,as compared
It is pro¬
with a charge of £537,000 for the year 1875, or a decrease of capital, although the account is in debt by £27 857.
£53,000, or 10 per cent. The total addition to capital account posed to erect an elevator at Toronto, tbe absence of which has
seriously prejudiced tbe company for some years. This expendi¬
during the half year was £184,013.
ture, detailed estimates of which have not yet been settled, will
Great Western of Canada.
be spread over a considerable period.
The directors are glad to
be able to report that the agreement with the Detroit & Mil¬
(For the half-year ended olsf January, 1877.)
waukee Railroad Bondholders’ Committee, on the basis settled
pared with 1875.
The half-year’s
the corresponding
operations compare as follows1 with those of with Sir Charles Young and the other parties principally con¬
cerned, has been signed, subject to formal confirmation at the
half-year ended 31st January, 1876:
Jan. 31,
Jan. 31, special meeting of the shareholders.
This confirmation is
1876.
1877.
deemed desirable, although the terms of the agreement are
Gross receipts
£436,087
£101,628 within the
authority given to the directors on the 13th October,
Cash working expenses, exclusive of credits to reserve
funds (being at the rate of 78*11 per cent, as compared
1874, and 30th April, 1875. The arrangement will be carried out
with 70*99 per cent for the corresponding period)
313,715 as soon as the legal procedure of the American courts, under
309,567
the foreclosure suit, will permit.
£126,520
£87,913
Cash loss on working leased lines, interest on
debenture stock, &c.
Surplus
Deficit
The
bonds,
101,952
95,688
£24,568
£7,775
comparison is, therefore, unfavorable to the extent of
£32,343. The amounts charged to revenue account, and credited
to the various reserve funds, are as follows: Rail and bridge
fund, £10,607; locomotive fund, £6,717; car fund, £3,974; ferry
steamers, £3,136; insurance fund, £552; depreciation fund,
£860; to al, £25,348.
The net revenue deficit is, therefore,
£33,623, as compared with £17,582 in tbe half-year to 31st Jan-
GENERAL INVESTMENT
NEWS.
Arkansas State Bonds.—A despatch from Little Rock, Ark.,
May 9, was as follows : *• A few days since, mention was made in
these dispatches of a decision of the Circuit Court of Polaski
County involving the validity of bonds issued by the State under
an act of the Legislature of 18G8, in aid
of railroads, in which
the Court decided that such bonds were illegal and invalid. The*
case was appealed to tbe Supreme Court yesterday.
The casecame up for a hearing, and the Court postponed the matter until
468
THE CHRONICLE
the 4th day of June next, in order that all parties interested in
the decision of the case may have a hearing.
Over $6,000,000
-are involved in the final determination of the case.”
Buffalo & Jamestown.—The foreclosure sale of this road has
;been
adjourned to July 7.
California Pacific.—Track on the extension of the Vaca Val:iey Branch has been laid to the new town of Madison, on Cache
"Creek, thirteen miles northward from the old terminus at Win¬
ter’s, on Putah Creek. Cars were to begin running on this ex¬
tension this week.
.
It
serves
a
considerable extent of wheat-
.growing country.
Chicago Rock Island & Pacific.—The Evening Post gives
•the following: The earnings and operating
expenses of the
•Chicago Rock Island & Pacific Railroad Company for the fiscal
year ending March 31, 1877, were as follows :
•Gross
earnings
•Operating
Net
Interest
3Jeoria
expenses,
$6,902,250
including taxes, &c
,
earnings
3,533,194
$3,369,056
690,000
bonds paid
Valley rent
April dividend, 4 per cent
October dividend. 4 ner cent
on
B.
....
126.000
839,192
839,192
.February dividend, 2 per cent
:
419,596
Surplus after paying 10 per cent in dividends
$456,016
In changing the dividends from semi-annual to
quarterly, the
first quarterly dividend, February 1, 1877, comes within the
,
fiscal year. The operating expenses include the cost of
laying 10,000 tons of steel rails, in place of iron rails removed
during the year. The expenditures on the Chicago & South¬
western Railway, which is owned by the
Chicago Rock Island &
Pacific, exceeded the receipts by $50,108. The interest on the
$5,000,000 guaranteed bonds of the Chicago & Southwestern Rail¬
way Company during the year amounted to $350,000, which was
a charge to the
Chicago Rock Island & Pacific. This reduces the
surplus of the latter, after paying 10 per cent in dividends, to
$55,968.
Cincinnati City Bonds.—By an act of the Legislature of the
"State of Ohio, just passed, the Trustees of the
Sinking Fund of
the City of Cincinnati are required in the month of
May of each
year, or as soon thereafter as is possible, to certify to the City
Council the amount required by such fund to provide for the
future payment of the city bonds, which amount shall not in
any
one year exceed one mill nor be less than one-balf
mill, and such
further amount as may be necessary to provide a
sinking fund
for the redemption of the Southern railroad bonds, such amounts
to be placed in the tax ordinance and take preference of
any other
items.
The moneys belonging to such sinking funds are further
present
directed
to
be invested in United States
bonds, Ohio State bonds
city of Cincinnati bonds. It is intimated that in the operation
of this fund from $300,000 to $400,000 of the
city bonds will be
absorbed yearly.
Cincinnati Sandusky & Cleveland.—In Cleveland, Ohio, on
May 15, the United States Circuit Court granted the petition of
the bondholders for a receiver, and appointed to that
position Mr.
J. S. Farlow, of Boston, president of the company. The Court,
however, refused to grant a writ of assistance to enable him to
take possession from Lea, the other receiver.
-or
Cincinnati Southern.—The Cincinnati Commercial says that
4lie trustees of the Cincinnati Southern Railroad have
adopted a
basis of agreement on which they will lease the completed
por¬
tion of the road to the Cincinnati Southern Railway
Company.
It is provided that at the completion and leasing of the whole
line, the company so leasing shali pay tor engines, rolling stock,
&c., to the party leasing the completed portion of the line, an
amount which shall equal, with the net
earnings of said party,
the amount of its cash capital actually paid in, together with
interest thereon at the rate of ten per cent—with other
obliga¬
tions named.
It is also provided that arbitrators, to settle
disputes between the trustees and leasing company, shall not be
required to be sworn. To complete the matter, $100,000 of stock to
be subscribed for, the capital stock of said company being $500,000,
4ind said stock to be taken by the 1st day of June next, after a
full and equal opportunity is given to all persons to become sub¬
[May 19, 1877,
“It has been estimated in detail by the engineer of the Com¬
pany, that the several wants above referred to will require an
outlay of $3,300,000 for works of
urgent character, and which,
ought to be executed
or three years, and a further sum of
$4,400,000 for
less urgent but still important
purposes, which ought to be car¬
ried out within a further period of two or three years, besides
which provision has to be made for the discharge of the re¬
mainder of the floating debt, final payments on account of coal
lands, and third rail already laid.
in order to
within two
secure
an
increased net revenue,
“
The shareholders will not seek to undo the scheme which
now secured the
approval of «the Court and the written con¬
sent of three-fourths of the holders of the first and second con¬
solidated bonds. Have they any reasonable prospect of
securing
such a large proportion of bondholders’ assents to
any other
scheme? Then, if they could accomplish that, have they
any
has
certainty of securing the assent to
any
of
other scheme of the hold¬
the 341,519 shares who have assented to the present
scheme? Do they wish to reject the large sum of money
ers
already
paid by assenting shareholders? In short, do the non-assenting
shareholders, be they dissenting or be they merely hesitating,
deliberately think that tlieir interests can be promoted by. listen¬
ing to suggestions for undoing all that has been done towards
the protection of all interests in their due order?
The chief agitator against the scheme of reconstruction is
himself, be it remembered, a defendant, and the adviser of other
defendants, in actions for recovery of large sums of money
instituted by order of the court in New York, not one of whom
has ventured to appear at any of the public
meetings of the bond
and share holders.”
of
European & North American.—The meeting of the holders
land-grant bonds, lately held in Bangor, resolved that it is
expedient to narrow the gauge as soon as practicable; also
requested the trustees to foreclose the mortgage.
Georgia.—At the annual meeting in Augusta, Ga., May 8, it
resolved that no further issue of bonds should be made and
debt created for the benefit of any other person or corporation,
unless authorized by a two-thirds stock vote at the
regular an¬
nual convention.
was
no
Houston and Texas Central.—A meeting of the holders of
floating debt was held on the 13.tli inst., at Houston. C. A.
Whitney and others, on behalf of Charles Morgan of New York,
the
who
recently purchased the road, proposed payments in small
$1,000 in cash, and over $1,000 in the indemnity
bonds of the Company, at par.
The holders of the floating
indebtedness were to consult their attorney as to their rights in
the premises, and answer shortly whether or not they would
accept Morgan’s proposition.
—Houston, Tex., May 17.—The adjourned meeting of the unse¬
cured creditors of the Central Railroad to-day adopted the report
of the committee in favor of accepting the company’s proposition,
and addressed a card to the non-resident creditors,
recommending
them to accept the terms proposed.
Indianapolis Bloomington & Western.—In Chicago, May
12, the United States Circuit Court directed a decree of fore¬
closure to be entered against the Main Line from Indianapolis to
Pekin, 202 miles, in the suit of the Farmers’ Loan and Trust
Company, trustee. Decision was reserved on the application for
a foreclosure on the Western Extension
mortgage, as to which
there are two petitions pending, the Main Line bondholders pre
ferring to have the Extension sold separately, while the Exten
sion bondholders desire a sale of the whole property together.
The Court rejected a large number of claims to prior liens on the
road, holding that only those claims could be admitted which
were incurred iu working the road aud for
improvements made
by the receiver. The Court took occasion to make some severe
remarks on the practice of letting contracts to companies or firnts
amounts under
the members of
pany, and
would find
which
were
also directors of the railroad
com¬
announced that claims arising from such contracts
no
favor.—Railroad Gazette.
A press
dispatch of 17tli inst. is as follows := “Judge Drum¬
mond this morning ordered the sale of the Illinois extension of
the Indianapolis Bloomington & Western Railroad.
The fore¬
scribers thereto.
closure of mortgages and the consequent sale of the main line
Detroit and Bay City.—The annual meeting rof the Detroit were ordered last
week, as reported at the time. The decision
und Bay City Railroad was held at Detroit.
The gross earnings declares that the mortgagees of the main line had the right to
of the year ending December 31, 1876, were $386,717; the have the
property sold as an extension, and not together as ft
expenses and taxes footed up $260,187, leaving as net earnings union line. He also decided that there should be distribution of
$125,530; percentage of expenses to earnings, 67 45. The funded the rolling stock, and that some appropriation should be made
debt is now $2,330,000, on which interest at 8 per cent would be for services rendered
by the mortgagees.”
$186,000; the net earnings are $125,530, or about 5 percent inter¬
Lafayette Muncie & Bloomington.—The United States Cir¬
est on the bonds.
cuit Court in Indianapolis, decided to grant..the petition of the
Erie.—A meeting of shareholders was to be held in London, bondholders and
appoint a receiver, but to place him in charge of
May 10, called by the Reconstruction Committee. Their last the whole line and rot of the Western Division only. The counsel
statement, issued under date of May 3, says:
for the bondholders present Mr. E. H. Waldron for the position,
“The holders of $30,278,500 of bonds (out of a total of and the
Company named President Heath. As they could not
$41,000,000) have assented ; the assessment has been paid on agree, the Court declired both recommendations and appointed
4100,267 ordinary shares, out of a total of 780,000, and on 41,252 General George H. Chapman, a lawyer
of Indianapolis.
preference shares, out of a total of 85,000.
Lake and Canal Rates.—The Canal Board of this State
There is, indeed,no reasonable doubt that,next to the burden
•of an ill-spent excess of debt, the two essential weaknesses of adopted the following resolutions in pursuance of the resolutions
the Erie system are: 1st—the want of means to collect more passed by the Legislature:
—
“
traffic; and 2d—the want of far better
means
of economical
working than it now possesses.
“The principal things wanted for earnings are as follows:
Completion of third rail for connection with tributary narrow
gauge lines, and a fit supply of narrow-gauge rolling stock ; the
completion of the second track; and a considerable increase of
accommodation
at
many principal junctions
and terminal
•stations.
1. On persons and property rates are to be in all respects the eame as for
lS7t>, excepting a reduction of 50 per cent on grair, peas, salt manufactured
in this Mate, and lumber transported in boats, and the exemption of boats
from the payment of tolls.
2. A reduction of 50 percent on flour, iron ore, staves aud heading,
coal, and
all up freighq except foreign salt.
3. The abolition of tolls on the
following: Furs and peltries, pork, beef,
bacon, lard, tallow7 and lard oil, wool, corn 'meal, dried fruits, cotton, unman¬
ufactured tobacco, hemp, clover and grass seed, hops, domestic spirits, leather,
bar and
pig lead, cofl'ee, live cattle, bogs, sheep, domestic woolens and domes¬
tic cotton?.
May 19, U77J
THE CHRONICLE
Of Lake and Canal freights at the
opening of the season the
R. R. Gazette says :
In Chicago last week offers were made to
carry provisions
through to New York by lake and canal at 22 to 24 cents per 100
lbs., time warranted not more than 20 days. The rail rate is 45
cents.
It is not uncommon to ship provisions by lake and rail—
propeller to Buffalo or Erie, and rail thence to $Tew York—but
scarcely any goes by canal. Canal freights opened at 7^ cents per
bushel for wheat, 6^ for corn and 5 for oats from Buffalo to New
469
interest on them was
paid in gold, and one question lor hi*
decision was, are the face oi the bonds to
be redeemed in gold
or
currency? The Attorney-General of the Commonwealth,
informs the Commissioners of the State
elaborate opinion, that the old loans are Sinking Fund, in an
to be redeemed with
the proceeds of the new 5
per cent $8,000,000 State loan
negotiated, and which are now selling on the market at recently
106|. It
is claimed in this
opinion that the first thing that must be pro¬
vided for is
an
outstanding indebtedness
of some
$3,009,000, whloh
forms part of a $5,000,000 loan created
by the act of May, 1852,
and reimbursable in 25
years from
against 18 and 16£ cents by rail. On the 12th, however, tolls these obligations will cease after the date of issue. Interest on
August 1, 1877, and the State is
were notably lower, G£ for wheat and
5^ for corn being the figures bound by existing contracts to redeem
them at that time. The
reported, lake rates remaining the same, 3£ cents for wheat and 3 necessity of
extinguishing this portion of the State debt will
cents for corn from Chicago to Buffalo.
On the same day a pro¬
only leave a little more than $5,000,000 of the proceeds of the
peller took 1,250 tierces of lard and 250 lbs. pork from Chicago new loan
applicable to the payment of the $8,000,000 loan of
consigned to New York at 20 cents per 100 lbs. Vessels take coa
1867, which is payable at any time after ten
from Buffalo to Chicago lor 40 cents a ton and from
years and within
Cleveland at fifteen years, and, to avoid
unjust discriminations, the Attorney50 cents.
General suggests that the Commissioners of
the Sinking Fund
should devise a plan for
Louisville Cincinnati & Lexington.—The Court of
This makes the cost from Chicago to
New York by the
water route about' 12| cents for wheat and 11 cents for
corn,
York.
having sustained the lower
*
calling in these bonds, either by classes
denominations, numbers, or other designation, unless there is
a variation in the order of
their maturity, which must be
respected.
He also decides that the
legal-tender currency of the United
States can be lawfully used in
redeeming the principal of the loan
of 1852,
notwithstanding the fact that the interest on the bonds
of that issue is made
payable in gold and silver by a legislative
enactment.
It is probable that this
opinion of the Attorney-Gen¬
eral may make
necessary the call of a further loan/equal to the
deficiency that will remain in the amount requisite to pay the
second series of six
per cents.
But this cannot be done until the
Legislature shall have first met and authorized it. The action of
the Attorney-General has
unsettled arrangements a
little, but
there is not likely to be
any serious trouble so long as the bonds
sell above par.
They are a desirable security which no holder
desires to surrender. The State authorities at
Harrisburg have
not as yet
explained how the contretemps is to be overcome.
Appeals
court in
of
its decision relative to this
road, known as the Louisville Short Line, judgment was enterec
April 28 in the Chancery Court for the sale of the road after four
months’ advertisement.
The court ordered the receiver to
pay
$25,000 of the funds in his hands to the State, city, and
priority
mortgages, and places the creditors in the following order : Haw¬
kins mortgage, Guthrie
mortgage, Green mortgage, $3,000,000 ;
Douglass mortgage, $1,000,000; Hunt bonds, Lee mortgage, State
of Kentucky, for debt of
$74,000, the amount of covenant for the
purchase of the road-bed of the Louisville & Franafort road, and
finally the attaching creditors in the order of tlieir attachments.
Interest due before July 1, 1874, on the “ Short Line 1st
mortgage
bonds”, was noticed for payment by the receiver
May 10 to 15.
Receiver MacLeod filed a
special report showing the net profits of
the property uuder his
charge from September 21, 1874, to Feb.
28, 1877 ; also the payments made under the order of the
court,
chargeable against net profits, and the balance remaining
Portland & Ogdensburgh.—The Portland Press
subject
to the court March
says that the
1, 1877, amounting to $404,894 08. The total committee on the Portland &
net profits from
Ogdensburgh Railroad held a meet¬
September 21, 1874, to February 28, 1877—2 ing in Portland,
Friday evening, to consider the matter of the
years and 5 1-3 months—are given as $569,107,and an addition of
appointment of receivers for that road, in accordance with the
$16,282, from collections on certain open accounts, makes the total wish of
the first bondholders of the same.
A fter
net profits
interviewing the
$585,396.
city’s directors of the Ogdensburgh and after considerable discus¬
Louisiana State Debt.—A New Orleans
despatch, May 17, sion, the meeting was adjourned till next Wednesday evening
without anything definite
says: The Funding Board met to-day and elected S. H.
being decided on. The general senti¬
Kennedy, ment of the committee
President of the State National
seems to favor
Bank, fiscal agent, and adopted
opposing the appointment
the
of receivers.
following resolution, among others, defining his duties:
To provide the means necessary to
protect the credit of the
Rochester Nunda & Pennsylvania.—This road was sold at
State in case of a deficit in the
past, present, or future collections; Mount
Morris, N. Y., May 7, and bought by Frank Lake, of
to meet the entire interest accrued and
to accrue on the funded
Nunda, N. Y., for $5,000.
and unfunded bonds and warrants
converted into
consolidated
bonds, without defalcation or delay, from and
including coupons
of interest due from
January, 1877, on the claims and warrants
already funded and those which may hereafter be funded for that
•purpose; to advance whatever money may
be needed whenever
required by the board.
—The original Funding
Act of 1874 directed the funding of
valid bonds and warrants at 60
per cent, of their face, and if any
bond was rejected by the
Board, the holders could apply to the
proper Court for relief. The Supplemental Act of 1875 went
fur¬
ther and designated some
$14,000,000 of bonds as doubtful, and
prohibited the Board from funding them
except on a final decree
of the Supreme Court of the
State deciding such bonds to be
valid. An
action
was
commenced for
a
mandamus to
compel the
Board to fund certain
bonds, and on appeal the 'Supreme Court
now decides no
mandamus can be granted as there is no
ground
for any until the
validity of bonds has first been established by
decision of that Court itself.
Memphis Branch.—This
road will be offered for sale in
Rome,
Agent for the State of Georgia, to
Ga.. by Robert F. Fouche,
satisfy the State lien.
Memphis & Little Rock.—This
.
closure
Pierson,
road
was
sold under fore¬
Little Rock, Ark., April 27, and
bought in by Wm. S.
Watson Matthews, and* R. K. Dow, as trustees for the
at
first mortgage bondholders.
The bid was $275,000, in addition
to sundry debts and
receiver’s liens, making the total
purchase
money about $500,000. The entire number of first
mortgage
bonds had been surrendered to the
trustees and
joined in the
purchase.
New Jersey Southern.—William J.
Gummere, Master in
Chancery, postponed the sale of this line, which was to have
taken place
recently at Long Branch, until Tuesday, the 22d of
May.
Northern
Central.—A special meeting of the stockholders is
called for May 25, to vote on
the question of
authorizing an
issue of $1,000,000 additional
bonds under the consolidated mort¬
gage.
Ohio & Mississippi.—It is stated that this
railroad company
has made
arrangements to pay a second twenty-five per cent, of
all bills contracted
before the appointment of a receiver for
the
road.
*
Pennsylvania
State
Bonds.—The
Commissioners of the
authorize the calling in of $8,324,of the five and six
per cent loans falling due
August 1, 1877,
be paid on
presentation at the Farmers’ & Mechanics’ National
Pennsylvania Sinking Fund
900
to
Bank, Philadelphia.'
The Philadelphia
Ledger
Attorney-General
in relation to the
These bonds
are
says :
St. Joseph & Western.—The Board of Directors of the
St.
Joseph & VVestern Railroad organized on Saturday, and elected
William
Bond president, Alfred Mitchell
secretary, and Qassler
This compaoy is the successor of the St.
& Co. fiscal agents.
Joseph & Denver City.
St. Louis Iron Mountain & Southern.—Another
suit has been instituted in the U.
injunction
Louis,
S. Circuit Court, at St.
by Baring Brothers & Co., of Londou, against the St. Louis Iron
Railway Company, and Thomas Allen,
President, and Henry G. Marquand, Vice-President., The petition
in the case alleges a violation of the
agreement of the funding
scheme, and asks that certain resolutions, passed at different
times
by the Board of Directors, under which certain bonds were trans¬
ferred to Allen and
Marquand and others, and ordered to be sold,
be set aside and
Mountain & Southern
case are
declared null and
made returnable June 4.
void.
The aubpenas in the
—The Union Trust
Company, of New York, lias filed its sup¬
plemental bill of complaint against the St. Louis Iron
Mountain
& Southern Railroad
Company. •
The supplemental bills avers that default has
been made in the
payment of interest due May 1, 1877, on 5,927 second
mortgage
jonds of the St. Louis & Iron Mountain
Railroad, secured by a
mortgage prior to the consolidated mortgage of May 6,1874.
Default is also averred to have occurred on the
following interest
payments at the time specified, viz. :
November 1, 1876—Second mortgage,
St. Louis & Iron Moun¬
tain Railroad.
December 1, 1876—First
mortgage, Cairo Arkansas & Texas
Railroad.
December 1, 1876—First
mortgage, St. Louis & Iron Mountain—
Arkansas Branch.
January 1,1877—First Mortgage, Cairo & Fulton.
April 2,1877—Consolidated mortgage, St. Louis Iron Mountain
& Southern
Railway.
Request having been made by the holders of $1,801,000 of
bonds secured
by the consolidated mortgage, that the Trust Com¬
pany should, in pursuance of the default of May, 1877, make
entry upon, take and retain possession of the
property of the St.
Rouis Iron Mountain & Southern
Railway Company, and demand
for
possession having been refused, the present bill is filed,
pray¬
an order of entry, appointment of
receiver, and decree of
ing for
foreclosure under the deed of trust.
South Mountain (Fa.)—The South Mountain
Railroad, run¬
connection with the Cumberland Valley Railroad,
in Cumberland
County, Pa., to the mines at Pine Grove, with all
ning from its
the depots,
and^ other improvements, equipments of the road,
and the rights,
privileges, franchises, immunities, &c., of the
South Mountain Iron
Company, was sold at auction May 15. It
Lear has rendered a very
important decision
$3,000,000 gold (State) bonds, as they are called. was purchased
by the President of the company, Mr. T. C. Ken¬
due in August and are to be redeemed.
The nedy, for $10,000, he
buying it in the interest of the stockholder.
£3
470
| May 19, 1877.
CHRONICLE
THE
COTTON.
&!)e Commercial ®hn£0.
Friday, P. M., May 18, 1877.
O'
The Movement op the Crop, as indicated
by our telegrams
to-night, is given below. For the week ending
this evening (May 18), the total receipts have reached 16,288
bales, against 17,309 bales last week, 16,560 bales the previous
week, and 26,641 bales three weeks since, making the total receipts
since the 1st of September, 1876, 3,873,227 bales, against 3,987,774
bales for the same period of 1875-6, showing a decrease since
Sept. 1, 1876, of 114,547 bales. The details of the receipts for
this week (as per telegraph) and for the corresponding weeks of
five previous years are as follows :
COMMERCIAL EPITOME.
from the South
Night, May 18, 1877.
unseasonable cold, has become hot and
Friday
The weather, from
like, and the higher temperature, together -with the
complete resumption of inland navigation, ha9 given a smart
impulse to business. The decline of speculative values, which
summer
were
advanced
on
the outbreak of hostilities between Russia and
Turkey, has been an obstacle to trade in certain branches, by
making buyers cautious. Towards the close, however, there was
some recovery in that direction, and the prospects of the late
spring business may be regarded as excellent.
A decline of unusual severity lias taken place in prices of pork
and lard, the p.*6t week. Trade has been dull, and holders
exhibit
a
want of confidence
few weeks since
or
last year.
that iB in marked contrast
There
was
some
with
1877.
Receipts this week at—
New Orleans
7,188
Port
Royal, &c.
5,439
647
9,0:9
1,992
1,986
1,868
2,447
53
..
6,655
1,420
Less
Charleston
slight recovery
1873.
547
..
Mobile
a
1874.
18.5,
1876.
397
....
.
1872*
9,131
(■
16
6,570
1,872
809
2,671
1,3C8
1 276
1,123
2,332
1,296
4,289
2,076
to-day, when mess portt sold on the spot at $15, and for May Savannah.
Galveston
602
1,651
1,993
2,456
and June at $14 80@$14 85.
Lard was also steadier, at $9 50
291
2
67
176
93
Indianoia, &c
for prime Western on the spot, with a fair demand ; and June
3,321
3,759
7,910
Tennessee, <fcc
2,306
2,488
2,564
contracts bringing $9 50@$9 55, and July $9 G0(2)$S 70, but the
6
1
18
31
21
Florida
final closing was at inside figures. Bacon sold down to 7±@74c.
239
284
644
493
433
297
North Carolina
5,341
2,187
2,9C9
1,122
for Western long clear.
2,076
2,637
Cut meats, on the contrary, have Norfolk
121
217
693
116
88
1313
City Point, &c
remained stead?.
Butter was advanced early in the week, but,
under increased supplies, the improvement is lost.
Cheese has
19.995
Total this week
18,372
15,187
31,044
23,678
18,288
declined ^c. per lb, Tallow has sold pretty freely, at 8£@8£c. for
Total since Sept. 1.... 3,873,227 3,987,774 3,379,335 3,651,358 3,378,514 2,615,595
prime to choice.
The exports for the week ending this evening reach a total of
Summer hog packing in the West, as reported by the Cincin¬
39,351 bales, of which 21,991 were to Great Britain, 2,610 to
nati Price Current, from March 1 :
France, and 14,750 to rest of the Continent, while the stocks as
At—
1877.
1S76
At—
1877.
1876.
Cincinnati to Miy 0
7,836 made up this evening are now 487,170 bales.
48,030
36,000 Kausas City to May 7. 2^,654
Below are the
9.500
7,500
Chicago to May 9
425,000 230,O KI Louisville to May 8
stocks and exports for the week, and a-lso for the corresponding
Cedar Rap’d to May
6,324
30,It 0
22,100 Des Moines to May 1.. 8,933
•
•
•
*.
•
...
Si. Louis to May 9
55,000
40,000
Indianapo.is to Miy 9. 52,003
t0,0JJ
...
Total
653,187
471,760
week of last
season:
Stock.
Exported to
Kentucky tobacco has been less active for the
Total
Same
Week ending
this
week
past week, and prices are barely supported. The sales have been
Conti¬
Great
May 18.
1876.
France
1877.
week.
1876.
630 hhds., of which 200 hhds. were for consumption and 450
nent.
Britain.
hhds. for export. Current quotations are 4£@6£c. for lugs, and
New Orleans*....
20,702 163,767 138,958
22,125
15,306
6,819
1,925 34,530 29,029
8@15c. for leaf, the outside prices not being readily obtained. Of Mobile
790
14,481 15,279
4,565
1,165
2,610
seed leaf, the movement for the week is about up to a fair aver¬ Charleston
5,365 16,243
Savannah
age, amounting to 923 cases, as follows : 200 cases sundries at
31,178 24,S28
Galve8tont
1,191
.1,191
5@18c; 325 do., 1875 crop, New England, 10, 12, 15, 20, 25, 35c.; New York
6,653 195,410 189,213
4,426
9,476
5,050
255 do., 1875 crop, Pennsylvania, 8£, 18, 20,25, 35c.; 100do., 1873 Norfolk.
6,436 12,07$
900
2,289 36,000 36,000
1,994
1,094
crop, Ohio, 7^c.; 25 do., 1874 crop, State, 12£c ; and 18 do., 1875 other ports$
crop, Wisconsin, 4£c.
Spanish tobacco is without new feature ; Total this week.. 21,991 2,610 14,750
39,351 |
31,563 487,170 458,325sales for the week were 450 bales Havana at 80c.@$l 10.
Total since Sept. 1 1,945,560 422,367 398,486 2,764,413 2,910,069 1
The freight market has latterly shown more firmness for berth
flew Orleans— Our telegram to-night from New Orleans snows that (beside a
room, and the aggregate business lias been quite fair.
In char¬ above exports; the amount of cotton on shipboard and engaged for shipment at
that port is as follows: For Liverpool, 14,250 hale*; for Havre, 14,500 bales; for
ters the business has been confined to petroleum vessels, which
Continent, 2,750 bales; for coastwise ports, *100 bales; which, if deducted from
the stock, would leave 132,000 balej, representing the quantity at the lauding and la
command steady rates. Late engagements and charters include: presses unsold or awaiting orders.
t Galveston.—Our Galveston telegram shows (besides above exports) on ship¬
Grain to Liverpool, by sail, 5|@6d.; cotton, £-d.; provisions, by board at th it port, not cleared: For Liverpool, 7,649 bale*; for other foreign,
824 bale*; for coastwise ports, no bales; which, if deducted from the stock,
steam, 40@55s. per ton ; grain to Glasgow, by steam, 4d.; provi¬ would leave remaining 22,705 bales.
X The exports this week under the head of “other softs’’ include from Balti¬
sions, 40s. per ton; grain to Havre, by steam, 15c., gold, per more I00bile3 to Liverpool and 990 bales to Bremen; from Boston,4599 bales tobushel; provisions, 7-16@|c. per lb.; lard to Bristol, by steam, Liverpool; from Philadelphia. 395 bales to Liverpool.
From the foregoing statement it will be seen tliat, compared
60s.; grain, by sail, 4s.9d.@5s. per qr.; grain to Cork, for orders,
5s. Od. per qr.; refined petroleum to Gibraltar, for orders, 5s.;
with the corresponding week of last season, there is an increase
crude do. to Rouen, 4s.; do. to Havre, 4s. 4^d.; refined do. to
in the exports this week of 7,782 bales, while the stocks to-night
the Baltic, 5s. 3d.; cases to Genoa, 26c., gold; do. to Malta, for
orders, 37c., gold; do. to Japan, 40c., gold. To-day, berth room are 28,845 bales more than they were at this time a year ago.
was quiet, but charters were more active : Grain to Liverpool, by
The following is our usual table showing the movement of cotton*
steam, 6d.; provisions, 40@55s. per ton ; grain to Glasgow, by at all the ports from Sept. 1 to May 11, the latest mail dates:
steam, 5d.; refined petroleum to the Baltic, 4s. Gd.@4s, 9d.@5s.;
RECEIPTS
KXPOR1'ED 8INC’E SEPT. 1 TO—
.do. to London, 4s. 3d., future clearance ; do. to Bristol, 4s. 3d.;
Coast¬
SINCE SEPT. 1.
do. to the Baltic, 5s. 4£d.; cases to Corfu or Patras, 38£c.; do. to
Stock
wise
PORTS.
Other
Great
Total. Ports.
France
Ancona, 35c., gold.$
forei’r.
Britain
1875.
1876.
The coffee market has shown isome irregularity, at least Brazil
grades have ; others are unchanged, with late sales of 24,961 N. Orleans. 1,153,419 1,353.053 611,873 299,532 156,832 1063,237 139,501 180,448:
29,650
mats, and 4,354 bags. The stock of Rio here is 86,159 bags. Mobile
353,769 361,521 137,524 22,99l( 41 ,*297 199,812 131,907
Fair to prime cargoes quoted at 19£@20£c., gold ; Maracaibo, 18^ Charleston * 463,141 401,923 219,385 47,239 63,192 834,816 95,530 18,627
4,739
@21c.; and Java, 23@26c., both gold. Molasses was quiet, but Savannah.. 464,597 504,405 210,209 14,742 49,756 294,707 131,004
firm; 50-test Cuba refining quoted at 52c. Rice in jobbing Galveston*. 496,311 468,150 192,217 23,575 24,22! 240,013 232.240 32,668
demand and steady.
206,825
Raw sugars firm and moderately active ; New York., 119,252 190,”53 305,978 7,585 17,393 330,939
fair to good refining Cuba, 10£@10fc.
20,353
20,353
12,006
Florida
The market for
....
•
.
.
•
....
•
•
•
•
•
•
•
.
.
•
....
.
.
.
.
•
.
Y
■
•
•
....
....
....
.
.
.
.
....
....
....
....
*
_
.
,
....
•
.
Bags.
Hhds.
Stock. May 1,
1877
Receipts since Miy 1,’877
Saks since May 1, 1877
Stock, May 16, 1877
Stock. May 18, 1876
Refined in fair demand ;
In naval stores nothing
Boxes.
41,535
9,02.3
128.189
2i,0T5
22,167
43,443
87,932
1,189
109,119
96.537
140,671
222,543
3,121
7,043
36,043
crashed quoted at 12fc.
Melado.
143
560
174
524
5,298
special was going on, but late prices
were retained; spirits turpentine was in light supply, and quoted
at 34£c ; common to good strained rosin $1 90@1 95.
Petroleum
quiet again, but about steady at 8£c. for crude, in bulk, and 14£c.
for refined, in bbls. After ’Change, to-day, 5,000 bbls refined sold
atl4$c.,and 7,000 bbls. high test at 14£c. Ingot copper was
unchanged, with 300,000 lbs. sold at 19@19£c. cash. Whiskey
advanced to $1 11£, tax paid. Hides and leather have partially
declined.
.
.
N. Carolina
123,345
99,971
23,357
Norfolk*
529,758
474 13»
103,309
132,464
ICO,819
95,717
Other
Tot.
..
ports
thisyr. 3,850,939
Tot. last yr.
1
1
•
•
•
....
2,511 10,606
1,602 1,221
12,165
....
•••
....
36,474
85.339
111,132 40S,537
108,832
...
2,087
10,500
33,500
19*3.569 419,757 381,736 2725,062 1244,531
518,039-
3,967.779 1822.393 395,343 C60,7592S78,500 1214,444
480,027
Under the head of Charleston is included Fore Royal, *sjc.: uuder
Galveston ia Included Indianoia, &c.; under the head of flcrfoW. is
•
tne head
of
included city
Point, &c.
These mail returns do not
correspond precisely with the
total of
telegraphic figures, because in preparing them it is always
to incorporate every correction made at the ports.
The market for cotton on the spot opened the week quite dull
and depressed ; but on Monday, at a decline of 1-16, to 10 13-16C.
the
necessary
J'ay 19, 1877.]
THE
middling uplands, there
for
was
a
CHRONICLE
active business for
more
export, as well as for home consumption. The sales embraced
2,000 bales for Russia ; but since that date the volume of business
was small, with quotations
nominally unchanged until yesterday,
when the decline
For November,
bales.
et«.
LMl...
10*78
200
10*79
301
10*-0
loo
it,-s:
471
bales.
1(H)
SCO
4'0
700
bales.
cis.
10*91
.;0*92
10*1)3
10*94
10*86
10 K?
*.( *3«
10 89
109J
KX
recovered.
was
eta.
20 J
8J1...
200
100
bales.
5(0
KVi
cts.
Il-ns
11-14
1,100 total Jan.
100
10*82
4,400 total Nov.
To-day, on a good export
For February.
1(H)
l(i*83
2,090 total Dec. '
100
demand from the Continent, together with favorable advices
11*10
200
10*>4
For December.
300
11*; 9
HX)
from Liverpool, there was a further advance of 1-1G, to 10 15-10c.
....16*85
10)..
1(*81
For January.
U0
11*21
10J
10*86
800
10*82
100..
10*99
for middling uplands.
300
11*24
For future delivery, the market has been
590
19*37
5(*0
lf*>3
4 0
1 CO1)
£00
10*83
209
10*83
subject to frequent fluctuations, without showing, in the
300
11*01
800 total Feb.
The following
aggregate, much change, as compared with a week - ago. On
exchanges have been made during the week:
•10 pd. to exoli. 100 June for
Wednesday evening, the close showed a decline of eight to nine
July.
*5 od. to excli. 10J
July for January.
hundredths from the previous Friday, but this was
•«iU0 June for November even.
fully
recovered on the succeeding day, Thursday, and to-day there was
The following will show the
closing market and prices bid for
some further advance.
Manipulation by leading operators has future delivery, at the several dates named :
been the most conspicuous influence at work.
Foreign advices
MIDDLING UPLAXD8—AMERICAN CLASSIFICATION.
have been less steadily unfavorable, but the weather lias
Erl.
Sat.
Mon.
Tues.
Wed.
Thurs.
vastly
Frl.
Qaiet,
Firm,
Quiet.
Firm,
improved for the growing crop.
Firm,
From unseasonable cold Market closed Qile\ Quiet, lower.
lower,
lower,
higher,
lower.
higher.
ligher.
there is a change to almost summer heat.
10-8*
10-8U
10-77
The rise in lower May.
l-t-34
]0*7)
10^6
lu 88
June
10'86
10'rT
10*31
10*88
1 0*78
10*38
10*90
Mississippi River has been checked, but a great flood of water is July
10 97
!0*95
l(l*yl
lo*9S
10*»9
10*98
11(1
11*07
11'06
coming down from the lower Missouri, and danger of an over¬ Augnst....
11*01
11*03
10*99
11*03
11*10
September
11*15
11*05
11 TO
11*07
’097
flow is not altogether passed.
11*01
11*09
October
10*91
10*93
10*89
10*35
10*87
10*93
11*10
The total sales for forward delivery for the week are
November
10*84
10 73
!0*s5
10*73
1(1*87
10*91)
191,000 December...... 1J-85
10*36
10*86
1 )*S0
10*S7
10*30
10*69
10 91
bales, including — free on board. For Immediate delivery the total January
1101
10*99
I0*»t$
1! 01
10*92
u*C2
iroi
February
ii*12
1103
11*13
11*18
Jsales foot up this week 7,835 bales, including 4,462 for export March
11*01
11*17
11*23
u*is
1T3J
11*31
3,285 for consumption, 88 for speculation, and
in transit.
The Visible Supply op Cotton, as made
Of the above, — bales were to arrive.
The following tables
up by cable and
The continental stocks are the figures
show the official quotations and sales for each day of the past week: telegraph, is as follows.
of last Saturday, but the totals for Great Britain and
the afloat
for the Continent are this week’s
UPLANDS.
ALABAMA. N. ORLEANS.
TEXAS.
returns, and consequently
New Classification.
brought down to Thursday evening; hence, to make the totals the
Sat. jUIon. Sat. Dion. Sat. Mon. Sat. JJf on.
Mayi2. May 14. May 12 May 14 May 12. May 14. May 12. May 14.
complete figures for to-night (May 18), we add the item of exports
from the United States,
9 3-16
9 5-16
including in it the exports of Friday
Ordinary
n>. 9 5-13
9 5-16
9%
9%
9%
9%
Strict
9 9-16
9 9-16
tT_
....
....
...
....
.
Ordinary
9%
9 15-16 9%
Good Ordinary
Strict Good Ord’ry. 10 3-16 10%
Low Middling
10 5-16
1U%
Strict Low Middl’g 10%
10 9-16
9%
9 15-16
10 3-16
n%
n%
12%
Middling
10%
10%
10 ’3-16 10%
11 1-16
11%
11 5-16 11%
It 11- 6 11%
12 7-16 12%
1074
Good Middling
Strict Good Middl’g
Middling Fair
Fair
9 11-16 9%
10 1-16 '0
10 5-16 10% *
10%
10 5-’6 10%
10 7-16
10 9-16 10%
10 11-16
0 13-16 11
10 15-16
11 1-16
11 3-16
11 5-16 11%
11 7-16
’.1 11-16 11%
11 13-16
12 7-:6 12%
12 9-16
9 Il-lt
9%
10 1-16 10
10 5-16 10%
10 7-16
10%
10 11-16
10*
11
10 15-16
i l 3—lb
11%
11 7-16
li%
11 13-6
11%
12 9-16
12%
9%
Tues'Wed. Tues Wed Tues Wed. TuesjAVed.
May 15. May 16. May 15. May 16 May 15. May 16. May 15. May 16
(Ordinary
13 tb.
9%
Strict Ordinary
9%
■Good Ordinary
9%
'Strict Good Ord’ry. 10%
Low Middling
!0 5-16
Strict Low Middl’g :<) 9-16
10 13-*6
Middling
Good Midd ing
11 1-16
Strict Good Middl’g 11 5-6
tl 11-16
Middling Fair
Fair
12 7-16
9%
9%
9%
9%
9%
10%
9%
9%
9%
10%
9%
9%
9%
:0%
10
10
10
10
10%
10%
10%
10%
10 5-16
10 3-16
10 9-16 '.0 9-16
:0 13-16 10 13-16
11 l-’.6 il 1-16
15-16
11 5-16
11 11-16 1! 11-16
12 7-16 .2 7-16
1"
!0
10
11
!1
U
12
5-16 10 7-16
9-16 10 11-16
13-16 10 15-16
1-16 n 3-i6
5-16 11 7-16
11 — * 6 11
3—16
7-16 12 9-16
Tl».
Frl.
Til.
Frl.
May 17. May 18. May 17. May 18
Ordinary
9 3-16
9%
9%
9%
9%
la 7-16
10
10 ir-16 10
0 15-16 10
11 3-16
11
11 7-16 11
ll 13-16 11
12 9-16 12
7-16
11-16
15-16
3-'6
7-16
13-16
9-16
10 7-16
10 11- 6
10 15-16
li H-16
11 7-16
11 13-16
12 9-16
Fri.
Til.
Til.
Frl.
May 17. May 18 May 17. May 18.
9%
9 3-16
9%
9 9-6
9 9-16" 9%
9%
Good Ordinary
9 15-16 10
9 13-16 10
Strict Good Ord’ry. 10 3-16 10%
10 3-16
1<’%
Low Middling
10 %
10 7-1C 10%
*0 7-16
Strict Low Middl’g 10%
10 11-16 10%
10 11-16
10 15-i 6 10%
"Middling
10}*
10 15-16
Good Middling
11 3-16
11 3-i6
ll%
;i%
Strict Gocd Middl’g
11 7-16 11%
11 7-16
11 13-16 11%
Middling Fair
11 13- 6
11%
Fair...
12 9-16
12 9-16
12%
:2%
$ lb.
Strict Ordinary
9%
9%
9
9
10
10
5-16
9 5-16
9%
9%
11-16 9%
9 11-16 9%
1-16 10%
10 1-16 10%
5-16 10%
10 5-16 10%
10 9-16 10%
0 9-16
10%
10 13-16 0%
10 13-16
10%
11
.1 1-16 11
11 1-16
li 5-16
11 5-6
11%
11%
11 9-16 11%
1 9-16
1!%
11 15-16 1%
li 15-16
11%
12 11-16 12%
'2 ll-lfi
12%
■
only:
1877.
1,10*9.000
Stock at Liverpool
1876.
1875.
1874
42,50J
1,001,000
57,000
988,000
106,750
787,000
1,211,500
1,0*8,060
215,f00
4,750
187,250
7,250
924,75ft
66,000
90 750
15,500
65,500
65,< 00
1,091,750
147,250
8,500
8-3,500
14,250
51,750
15,250
42,2 0
57,000
15,750
19,750
18,250
41,750
10,(00
4,750
12,1100
21,500
36,000
79,000
30,250
15,500
47,000
472,000
462,000
363,250
461,750
Total European stocks
1,683,500
India cotton afloat for Europe.... 370,000
American cotton afloat for Europe 261,003
Egypt, Brazil, &c.,afloat for E’rope 3*,( 00
Stock in United States ports
487.170
Stock in U. S. interior ports
51,225
United States exports to-day
5,000
1,520,000
1,463,000
548,000
300,00)
1,386,560
603,000
Stock at London
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock
Stock
Stock
Stock
8tock
Stock
at Hamburg
at Bremen
...
.
at Amsterdam
at Rotterdam
at
11,750
Antwerp
8,U00
at other continental ports..
Total continental ports
20,003
319,000
365,000
51,000
458,325
60,954
5,000
Total visible supply..
.bales 2,895,895
Of the above, the totals of American and
.
137,750
141,500
11,5C0
79.5C/0
480,(00
85,060
7<)000
370,307
306/24
47,032
2,009
60,718
5,060
2,779,279
2.815,339
descriptions are
2,9:2.042
;her
f 8
follows
:
American—
Liverpool stock
7*8,000
American afloat to Europe
United States stock
United States interior stocks
United States expor ts co-day
398,000
261,000
487,170
5),22>
5,000
598,000
311,000
437,000
244,000
480,000
306,824
5,UC0
6"'3,090
194,000
3'.’0,':00
370,307
47,032
2,000
1,793,279
1,516,339
1,533,542
421,090
403,000
42.500
57,000
385,600
106,750
350,000
137,750
74,000
370,000
151,000
174 250
319 000
548.000
38,000
51,0l)J
945,500
1.950,395
Continental stocks
981,000
1,795,279
365,000
4*8,325
00.934
60,718
5,000
STAINED.
Sat. Mon. Tues Wed. Th.
Frl.
May 12. May 14. May 15. xMay 16. May 17. May 18.
-
Good Ordinary
Strict Good Ordinary
Low Middling
"
8 13-16
9 7-16
8 13-16 8%
8X
8*
sx
9 7-16
9%
9%
9%
9%
9 11-16 9 11-16 9 11-16 9X
9 13-16
10 3 16 10 3-16 10 3-16 10 %
10 5-16
OX
10%
Middling
SALES OP
Closed.
Ex¬
port.
Saturday.. Quiet,unchanged.
Monday.. Quiet,st’dv,lower.
Tuesday
Firm, unchanged.
.
100
2,163
.
Wednesday Qu’t,8t’dy.unch’d.
Thursday.. Quiet, st’dy.high’r
Friday
Steady, higher....
Total
733
l',456
4,462 '
For forward
SPOT AND TRANSIT.
ConSpec¬
sump. ulate
175
610
972
336
507
655
FUTURES.
Tran¬
Total.
sit.
5i
3,285
88
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
Total East India, &c
Total American
MARKET AND SALES.
Spot Market
Total American
bales. 1,950,395
East Indian, Brazil, dbc.—
34
1
4-
309
•
—
2.308
$£^—03
507
2,165
..
delivery, the sales (including
300
400
600
500
400
300
co i i j
972
1,074
.
Deliv¬
eries.
Sales.
7,835
191,000
2,500
free on board),
Total visible
For
May.
bales.
fits
.1076
10P
200
6 0
SIX'
too
100
300
100
100
.
10*77
.10*71
.10*81
.10*82
10* 83
'0*84
.10*8i
.1) 91
.10*94
2,100 total May.
For June
500
.TK9
5.000
•3.-.0)
1.200
...10*92
...10*93
...10*.i4
.10*95
1 8"0
1,700
100
For July.
.’0*86
900
590
10*£8
400
...U.*69
..
3,700
3.00...
5,400
5,'"00
...
.
...
...10* )2
2,1 0
...10*J3
16*94
...10* 95
...10*96
...10 97
...10* 98
....(/3)
..11*00
...11*11
...11*62
200
2,3 k»
400
...11*0‘.
11 4*4
...11*06
...
...
: .800
4,300
5,900
.10*33
.10*84
......
...10*9J
io*9:
4.600
5. (X)
.10 80
.’.0*31
.Hi* 82
3,100
.
.10*65
10 85
.10 87
.10*33
10 8 (
.10*90
.10*31
,
For August.
bales.
cts.
6<)()
....10*93
700
-. ....10*99
...ll*l)il
5,160
bales.
1.0'X)
100...
...
...
cts.
11*04
560
2.0 XV
2.200
5,T'0
.
58,500 total June.
...
IfjO
10 J
2,300.
3,4U0
3,000
3,7"0
2,200
9J00
7,900
cts.
4,100
....11*51
1,700
1,100
1,600
...11*02
.....
100
...
1,1I)U
4,50(1
3.700
3.600
.
1*01
....11*0*1
.11*16
....
...
....
...
700
8 (5
100
11 *05
11-06
1 i *07
11*08
11*09
11*10
11*12
2 JO
4 601)
5.610
3,301
>00
Too
1.S00
KX)
4(0
40J
...,i;*(H
....11*69
11*1U
....11*11
i 1*1*2
11 *'3
11*1 i
....11*15
...
....
....
50,4 X) total Aug.
For September.
100
...l'l*13
:ol’
....10*99
1,600
1 -.0
3U0
.....1*01
.11*02
....11*03
12,700 total Sept.
For October.
J0\.
800
30J.
.
.
2D
'.
100..
60J
S00..
2<0..
90)..
.
1,000
.
;o;)..
100..
-0*83
10-90
10*91
10*91
10*94
10*95
10 96
.11-00
1 .*01
11*02
1*03
1101
85,000
70,000
,
1,299,000
1,516,339
1,378,500
1,533,542
supply—bales 2.895,895
2,779,279
2.815,339
2,912,C42
7 13-16L
6%d.
8*d.
These figures indicate an increase in tne cotton in signt to-night
of 116,616 bales as compared with the same date of 1876, an
increase of 80,556 bales as compared with the corresponds,
date of 1875, and a decrease of 16.147 bales as compareid
with 1874.
At the Interior Ports the movement—that is the receipts
and shipments for the week and stock to-night, and for the
corresDondiner week of 1876—is set out in detail in the following
Price Mid. Uplands, Liverpool...5 13-16(1.
statement:
have reached during the week 191,000 bales (all
middling or on
the basis of
middling), and the following is a statement of the
sales and prices:
bales.
,
217,750
603,000
Week ending May 18, 1877.
Weekending May 19, 1876.
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
Augusta, Ga
Columbus, Ga
Macon, Ga
207
32
40
65
173
795
96
Total, old ports.
1,468
8,888
Dallas, Texas
Jefferson, Tex..eat.
Shreveport, La
Vicksburg, Miss..
Columbus, Miss....
2
135
Selma, Ala
.
Eufaula, Ala
est.
565
339
10
10
5,669
275
815
30,223
2,192
3,934
3,095
88
234
6,277
2,231
4,166
2,745
36,672
3,194
51,225
3,699
7,546
60,954
202
950
84
102
482
741
30
17
192
615
619
1,045
1,096
3,129
3,387
112
260
46
1,456
5
2,157
41
577
460
577
1,436
2.040
17,910
7,465
39,912
15,011
99,966
5,133
Memphis, Teun
Nashville, Tenn...
..
2,289
7,064
417
176
255
376
5 385
302
Montgomery, Ala
480
208
120
222
389
1,977
185
1.609
784
2,665
2,230
2,013
1,510
250
7r;o
145
20
61
7
82
279
1,695
1,1*6
290
351
2,106
1,999
2,580
16,199
9,880
Total, new ports
4,163
8,003
35,151
4,97 7
Total, all
5,571
16,891
86,376
8,676
Atlanta. Ga
Rome, Ga
Charlotte, N.C
St. Louis* Mo
Cincinnati, O
352
1
5
75
200
41
782
Griffin, Ga
74
388
72
46
417
1.113
1,872
4
613
800
250
7,654
..
51,6JO total July.
900
4,100 total Dot.
THE
472
The above totals show that the old interior stocks have
decreased during the week 7,480 bales, and are to-niglit 9,729
bales less than at the same period last year.
The receipts at the
same towns have been 2,291 bales less than the same week last
showing the height of the rivers at the points named at 3 o’clock
give last year’s figures (May 18, 1876) for
We
May 17.
,-May 17. ’77—%
Feet.
Weather Reports by
Telegraph.—There has been a very
decided improvement in the weather the past week, both as to
rainfall and temperature. Light showers are reported at many
points, bur no continued or excessive rains. Crop accounts are
consequently more favorable. The grasshoppers appear to have
all left Texas
now.
Galveston, Texas.—It has rained on two
reaching one
lias averaged
74, the extremes being G5 and 82. The crop is developing prom isingly, but in a few sections it is covered with lice. The grass¬
hoppers have gone.
Indianola, Texas.—We have had showers on two days this
week, with a rainfall of seventy-two hundredths of an inch.
The thermometer has ranged from 63 to 82, averaging 72.
Crop
accounts are more favorable.
Grasshoppers have disappeared.
Corsicana, Texas.—We have had rain on three days, the rain¬
fall reaching ninety-five hundredths of an inch.
Average ther¬
mometer, 72; highest 82, and lowest 59.
The cotton plant
looks strong and healthy, but we are having rather too much
Weeds are growing so fast that they are becoming very
rain,
troublesome. Grasshoppers have all gone.
jDallas, Texas.—There have been showers on two days, with a
rainfall of thirty hundredths of an inch. The grasshopper alarm
is over.
Cotton, corn and wheat crop accounts are more favor¬
able, the considerable injury of the latter by grasshoppers being
mainly recovered. Average thermometer 74 ; highest 90 and
Nashville
Above low-water mark
Shreveport. ...Abovelow-water mark
Vicksburg. ...Above low-water mark
New Orleans reported below
rained (light showers)
The War
war
on
lowest 57.
the week aggregates
inch and ninety-hundredths.
Much of the land intended for
cotton will be planted with corn.
Little Rock, Arkansas.—The week just closed has been pleas¬
ant and favorable for planting interests.
We had a light shower
one
Saturday evening, otherwise the
74, highest 87 and
weather has been fair.
Average thermometer
lowest 63.
The rainfall is eleven hundredths
of an inch.
Nashville, Tennessee.—It has rained slightly on three days this
week, the rainfall reaching five hundredths of an inch. The
thermometer has ranged from 52 to 86, averaging 70.
Memphis, Tennessee.—It has rained on two days, to a depth of
five hundredths of an inch, but the rest of the week has been pleas¬
ant.
Average thermometer 75, highest 86 and lowest 58. Plant¬
ing is about completed in this neighborhood, excepting replanting
in places.
Stands are much below an average and unhealthy.
Mobile, Alabama.—The weather during the week has been
warm and dry.
We have had no rain all the week, and crop
accounts are more favorable.
Average thermometer 73, highest
86 and lowest 58.
Montgomery, Alabama.—The weather has been warm and dry
The thermometer has averaged 74, the highest
all the week.
being 85 and the lowest 53.
Selma, Alabama.—We have had a light shower on ^one day
this week, but the balance of the week has been warm and dry.
The crop is developing promisingly.
Madison, Florida.—It has rained on one day this week, the
rainfall reaching forty hundredths of an inch. The thermometer
has ranged from 78 to 68, averaging 73.
Macon, Georgia.—Telegram not received.
Atlanta, Georgia.—The weather has been warm and dry all
the week. The thermometer has averaged 71, the highest being
83 and the lowest 54.
Columbus. Georgia.—The days have been warm, but the nights
have been cold, and we have had no rainfall during the week.
Crop accounts are less favorable. The thermometer has aver¬
aged 77.
rain here this week on
day, the rainfall reaching twenty-one hundredths of an inch.
Tho weather the rest of the week has been pleasant. The ther¬
mometer has averaged 68, ranging from 56 to 78.
J^vgustg, Georgia.—We have had rain on two days, showers;
the rest of the week has been pleasant. Planting is making
good progress. Thermometer, highest 83; lowest 49; average
71; rainfall thirteen hundredths.
Our last week’s telegram stated that there had been heavy
showers the first five days of the week, but that the last two
were clear and pleasant.
The thermometer had averaged 64, the
extremes being 51 and 78.
The rainfall lor the week was one
inch and live hundredths. Planting was making good progress.
Charleston, South Carolina.—We have had light showers on
two days this week, with a rainfall of eight hundredths of an
inch.
The thermometer lias averaged 68- the highest being 77
one
*
and the lowest 56.
8
11
26
4i
6
5
•3
33
S
20
‘44
1
8
10
8
9
the
Consumption of
Cotton.—That the
other of the great European powers,
As to the effect
evident each week.
Messrs. Smith, Edwards & Co. make
Bulgaria it has been as certain as anything can be in the future,
reform or be called to account; b
she could not or would not reform,
and, as no power but Russia was willing to interfere, it was clear
that sooner or later she would be compelled to resort to arms. Is
would much surprise us if any other power should interpose in
the struggle ; however great may be the ill will against Russia,
no
power in Europe will dream of protecting Turkey; the feeliog
is universal that no settlement-worth naming can be arrived at,
without securing the virtual extinction of the Ottoman power in
Europe. No doubt, difficult questions will ultimately arise, but
we see no reason to suppose that Russia will act in such a way as
to add to her many difficulties a collision with any of the other
great European powers.
We think as the war goes on it will be found that the neutral
powers are only too glad to keep out of the fray, and the time
may not be far distant when the belligerents will be glad to
obtain friendly mediation.
Of late years all the great wars in
Europe have been short, sharp and decisive; it has always been
predicted that they would spread and involve the whole’ Conti¬
nent in flames, but as a matter of fact they have all been fought
out between the original disputants.
The terrible exhaustion of
modern warfare makes neutral nations increasingly afraid to be
drawn into the vortex, and, despite all prophecies to the con¬
trary, we expect this war to present similar features to those
that have gone before it.
,
We also believe that its evil influence on trade has been more
than discounted; in some important respects it will stimulate
commerce—it has already caused a great rise in breadstuffs,
seeds, jute, and saltpetre—all articles largely produced in India.
We feel sure that country will benefit by this war as it did by
the Crimean, and one effect will be an increase in the export of
silver to that quarter which may at some time raise materially
the rate of exchange to the advantage of Manchester trade, be¬
sides increasing the demand for British goods.
America will
also
largely by the advance in cereal products, and it
benefit
general amendment in the trade of
once felt in Europe,
our leading indus¬
tries as the prolonged stagnation of America.
The shipping
interest may perhaps also benefit, and in one way or another a
liveliness will be imparted to commercial transactions which is
may be the beginning of a
that country, the effect of which would be at
for nothing has tended so much to damage
much needed.
interesting consideration is with regard
goods at manufacturing centres. The new system
business results in whatever goods are left over being piled
In this connection, an
to the
of
stocks of
in producers’ hands. This is unfavorable, because it makes
surplus look larger than if it were distributed as formerly.
But with regard to the position in this respect of our own
spinners this year, the Boston Advertiser, a good authority,
of May 12, states that “probably it is true that, except
under the scarcity caused by the war, there was never
up
the
“
period in any year so small a per cent, of the
year’s supply of goods unconsumed as there is now.” On the
same point Mr. Samuel Smith states with regard to Manchester,
that Manchester is by no means in so desperate a plight as it
was last summer ; there is nothing like the
accumulation of
stock there was then, and the great weakness of Liverpool has
pulled it down further than it would have gone of its own
“accord.
Last year the case was different; the weakness of
Manchester then exceeded that of Liverpool, and the margin
against the producer was much worse than now.”
A circum¬
stance which may he of some benefit to the trade of Manchester
this year is the opening on the 1st of April of four new China
ports—Ichans, Wahn, Wineho and Parkhoy.
“Future” Sales at Liverpool.—Our readers will find an
article on this subject in our editorial columns.
“
at
the
same
“
“
“
“
Savannah, Georgia.—There has been
The following statement we
4
that Turkey must either
lias long been evident that
inch.
Friday night and one on
11
With regard to the political situation, we would venture to
observe that no one need be surprised at the outbreak of war
between Russia and Turkey, for ever since the massacres of
Vicksburg, Mississippi.—We have had rain on two days of this
•week, with a raitifall of thirty-four hundredths of an inch. The
thermometer has averaged 73. the highest being 8G and the
Columbus, Mississippi.—The rainfall for
3
26
-May 18, ’76.-,
Feet.
Inch.
following sensible suggestions:
the
days this week, the rainfall reaching twenty-five hun¬
dredths of an inch.
The thermometer has averaged 73.
Shreveport, Louisiana.—The weather this week has been more
favorable than for preceding weeks, and the crops in the Valley
are beginning to look promising.
Average thermometer 72,
highest 84 and lowest 61.' The rainfall for the week is forty-two
an
and
will not draw into it any
appears to be growing more
and extent of this contest,
three
hundredths of
Iiich.
high-water mark of 1871 until
Sept. 9, 1874, when.the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
lowest G5.
New Orleans, Louisiana.—It has
Above low-water mark
Memphis
days this week, a
shower on one day and hard one day, the rainfall
inch and fifty-two hundredths.
The thermometer
com¬
parison:
New Orleans. Below high-water mark
year.
on
[May 19, 1877.
CHRONICJLOS
have also received by telegraph,
“
“
“
How to Open
New Markets for Our Manufactures.—
Some very useful suggestions ou this difficult problem will be
found in our editorial columns, made by Mr. Atkinson, in expla*
nation of a
portion of his letter of last week.
May H, 1877.]
Bombay
THE CHRONICLE.
Shipments.—According
to-day,there have been 23,000 bales shipped from despatch received
Bombay to Great
Britain the past week, and
31,000 bales to the Continent; while
the receipts at Bombay during this week
have been
57,000 bales.
The movement since the 1st of
January is as follows. These are
the figures of W. Nicol &
Co., of Bombay, and are brought
down to Thursday, May 17 :
3
.—Shipments this week-*
Great
Britain,
22,000
1377
1376
1375
Contlnent.
43,00)
31,000
13,000
45,000
30,000
Total.
r>3,ooo
55,W0
.
75,000
.-Shipments since Jan.l-,
Great
473
to our cable
Con-
Britain, tlnent.
Total.
281,000
300,000
330,000
537.000
500,000
220,000
370,000
550,000
881,000
From the
,—Receipts.—
This
week.
Since
Jan,
l.
57,000
804.000
44,000
741 000
fa2,000 1.017,000
foregoing it would appear that, compared with last
year, there is a decrease of 2,000 bales this
year in the week’s
shipments from Bombay to Europe, and that the total
movement
since January 1 shows an increase in
shipments of 40,000 bales,
compared witn the
>
WEEK ENDING
■XPORTED TO
April
May
25.
Liverpool
May
2.
7,311
Total to Gt. Britain
18.498
7,311
Havre
Other French ports........
SI
Hamburg
to N.
Europe.
....
5,978
...
date.
year.
295,649
389,274
1,915
....
1,335
1,915
22.387
500
4,300
12,740
2,826
C.121
C01
....
....
7,565
....
300
200
.
1,673
3!0,49!
10!
..
307,601
14,755
...
102
....
period
prev’ua
to
7,565
4,426
102
1 ooo
300
35
Other ports
4,426
79
....
81
Bremen and Hanover
16.
5,899
....
...
Total French
May
9.
13,586
4,912
Other British Ports
Total
Same
Total
4,800
21,696
8,374
26,78*3
57,541
corresponding period of 1876.
8pain.Oporto&Gibraltar&c
Gonny Bags,
12
All others
Bagging, &c.—Bagging lias continued in
300
250
7 jo
409
good
demand, and parcels are being taken
quite freely. There have Total Spain, Arc
300
been sales to the extent of
250
750
421
6,000 rolls here and in
Boston, at
Grand Total
12@12Jc. for light quality, and
29.214
7,311
6.681
12^@12|c. for standard quality.
9,476
340,415 369,151
The market closes
The
very firm, with buyers
following are the receipts of cotton at New 1'ork,
offering 12|c. 1 or
standard, in store, while most holders ask 13c. Butts
Boston,
have come Philadelphia and Baltimore for the past week, and since Sept.
to band
1,’76:
during the past week to the extent of 10,597
1
bales, as
follows :
NEW
• •
• •
....
....
....
....
1
rece’ts
Empire of Peace
YORK.
4,411
fBoston-
10,597
Of
Since
week.
Total
This
Since
Sept. 1.
week.
New Orleans..
Texas
Savannah
Mobile
Florida
S’th Carolina
N’th Carolina.
Foreign..
Liverpool, May 18—3:30 P. M.—By Cable prom
Liver¬
pool.—Estimated sales of the
day were 12,000 bales, of which
’2,000 bales were for export and
speculation. Of to-day’s sales
8,350 bales were American. The
weekly movement is given as
folio wb :
:
May 4.
55,000
8,000
33,000
.
.
.
,
,
.
*
141,000
May 11.
42,000
28,000
5,00(1
4.000
727,000
35,000
55,000
7.000
6,000
8,000
1,124,000
May 18
37,000
7,000
3,000
3,000
1,143,000
1.169,000
716,000
69,000
11,000
748,000
86.000
20,000
5,000
69,000
8,000
11,000
312,000
151,000
293,000
170,000
275,000
lbO.OOO
The following table will show the
daily closing prices of cotton for the weei:
Spot.
Satur.
Mon.
Tues.
Wednes.
Thurs.
Mid. Upl’ds. .@5 13-16.
Fn.
.@5 13-16. .(§45 13-16.. @5 13-16. .(§*5 13-16.-.
Mid. Ori’ns. .(§46
@5 13-16
..(§46
..@6
..@6
Futures.
These sales
wise stated.
are on
the basis of
..@6
Uplands, Low Middling clause, unless
2,574
May-June delivery, 5%d.
Apr.-May shipment, sail, 5 13-16d.
Landing, 5)$d.
June-July delivery. 5 25*32d.
Aug.-Sept, delivery, 5 15-16d.
Oct.-Nov. delivery, 6 l-16d.
Sept.-Oct. deliver}1-, 6a.
Nov.-Dee. shipment, new
6 l-16d.
June-July delivery*
Aug.-Sept. delivery,
•
crop,
5 23-32d.
5 29-32d.
Tuesday.
-June-July delivery, 5 23-3Cd.
July-Aug. delivery, 5 13-I6d.
July-Aug. delivery, 5 25-32d.
Aue.-Sept. delivery, 5%d.
May-June delivery. 5 ll-16d.
June-July delivery, 5 ll-16d.
Apr.-May shipment, sail, 5 23-32d.
June-July delivery, 5 23-32d.
15-lGd.
Wednesday.
May-June delivery, 5
23-32® 11 16d.
June-July delivery, 5j£@23-32d.
July-Aug. delivery, 5 !3-16d.
Aug.-Sept. delivery, 5 29-32d.
.
Landing,
5 25-32(1.
5 ll-16d.
May-June delivery, 5 lt-16d.
June-July delivery,
July-Aug. delivery,
June-July delivery,
Sept.-Oct. delivery.
5 23*32(1.
5 13-16d.
5J£d.
5 3.1-32d.
Apr.-May shipment,sail, 5&d.
5 25-32cl.
May-June delivery, 5 23-32d.
A<ov-Dec. shipm’t, sail, 6
I
Jnly-Aug. delivery, 5 13-16d.
| July-Aug. delivery, 5 25-32d.
Ang.-Sept. delivery, 5%d.
I July-Ausr. delivery, 5 13 16d.
Nov.-Dec. shipm’t, sail, 6 l-16d.
TnURSDAY.
I May-June
delivery, 5 23-32d.
| Aug.-Sept. delivery, 5 29-32d.
Juhe-Jnty delivery, 5 25 32d.
| Aug.-Sept. delivery, 5 15-16d.
] Sept.-Oct. delivery, 6a.
j July-Aug. delivery, 5 27-32d.
Friday.
May-June delivery, 5>^d.
June-July delivery,
l-16d.
This Since
13.102
95.073
77,337
218.951
11,456
353
511
937
98
22
29?
5,992
12.819
836,821
.
2]78J
*
548
-
.
....
....
9
i92 12,830
% t
720
....
253
60,234
49
40,825
*
....
m
»
5,500
m
....
4,243 305,588
i
15,072
.
9
76,269
1,400 87.072
2,016 83,423
...,
'
.
8S2
..
‘368 2L498
11,4.6
4,7*7
851,413
Total last year.
....
23,595
119,274 i
8,663
Total this year
Since
Sept.l. week. Sept.l
9,546
120,045
1
This
week.
268
55,021
4,129 257,619
921
....
48.850
1,280 111,283
161 106,138
Shipping News.—The
exports of cotton from the United
States the past week, as
per latest mail returns, have
reached
48,639 bales.
So far as the Southern
ports are concerned, these
the same exports
reported by telegraph, and published in
The Chronicle last
Friday. With
Include tlie manifests of ail vessels regard to New York, we
cleared up to
are
Wednesday
night of this week.
New York—To
Liverpool, per steamers Russia. 418
Nevada, 664
per ship British Envoy, 3,005
Total
bales.
Britannic, 339
To Bremen, per steamer
Oder, 500
To Reval, per steamer
Mahraj »li, 4,300
To Leghorn, per bark
Paola, 250
New Orleans—To Liverpool, per steamers
4,426
500
4,800
230
Teutonia, 3,800....Federico,
2,635....per ship Genevieve Strickland, 4,840
To Cork, per ship
11,275
Hampton Court, 3,239
To Havre, per ship D. W.
3,230
Chapman, 2,683
2.683
To
To
To
Bremen,
per
ship Friedrich, 5,168
5,168
Brouwershaven, Holland, per bark Otus, 259
Cronstadt, per bark Christiane, 1,250
.
Liverpool,
per
Charleston—To Liverpool,
To
259
1,250
4,182
1,455
.
ship Northumbria, 4,182
per
bark Josephine. 1.458 Upland
Nysopmg, Sweden, per brig Vesta, 762 Upland
762
Texas—To Liverpool, per barks
Yarmouth, 2,038
Herbert C. Hall,
2,011... Douglass Campbell, 2,511
6,560
Baltimore—To Liverpool, per steamer Nova
Scotian, 311 and 200 bags.
511
To Rotterdam, per bark Johann
Ludwig, 118
118
Boston—To Liverpool, per steamer
Victoria, 1,709
1,709
Total
Aug.-Sept. delivery, 5 15 16d.
June-July delivery, 5%d.
July-Aug. delivery, 5 l3-16d.
Sept.-Oct. delivery, 5 31-32d.
|
15,359
....
76,879
142
The particulars of these
are as follows:
Monday.
May-June delivery, 5J£@23-32d.
June-July delivery. 5 25-32d.
July-Aug. delivery, 5 27-32d.
-July-Aug. delivery,
other¬
115,578
1,0 J7
...
Mobile—To
Saturday.
June-July delivery, 5 13-I6d.
July-Aug. delivery, 5%d.
Ang.-Sept. de’ivery, 5 31-32d.
Sept.-Oct. delivery, 6 l-32d.
Sept.-Oct. delivery, 5
..@6
BALTIMORE.
Sept.l.
these, about 8,000 bales had been
previously sold. The sales
of parcels on the
spot foot up 1,500 bales at 3f@3|c.,
currency, cash
aud time; and, at the
close, holders all firm at these figures. Sales
have also been made of
4,000 bales, to arrive, at
34@3fc., gold, Virginia
and it is reported that as
high as 3 11-lGc., gold, lias been paid North’rn Ports
for one parcel.
Tennessee, &c
April 27.
Sa!es of the week
bale3
63,TOO
Forwarded
11,000
Sales American
41,000
of which exporters took
4,000
of which speculators took
2,030
Total stock
l,!4o,U0U
of which American
755,000
Total import of the week
113,000
of which American
78,000
Actual export
8,000
Amount afloat
294,000
of which American.
jPHILADKLP’lA
This
1,136
S. S. Ito’field
BOSTON.
from
Julv-Ang. delivery, 5%d.
June-July delivery, 5 13-10d.
Aug.-Sept. delivery, 5 31-32d.
June-Juiy delivery, 5 25-32d.
shipments, arranged in
Liver¬
sail,
pool.
New York
4,426
N. Orleans. 11,275
Mobile
4,182
Charleston. 1,456
Bre¬
Cork.
Havre.
men.
3,*230
2,683
5,163
5 0
.
Texas
form,
Reval &
Rot- Brouwers-CronNykopterdam. haven. stadt.
ing.
Total.
4.3C0
9,476
259
1.2:0
23,865
762
6,560
Baltimore..
51 i
Boston..... 1,709
48,639
our usual
118
4,182
2.218
6,560
629
1,709
Total
30,119
3,230
2,683
5,663
118
259
5,550
762
Included in the above totals are, from New
48,639
York, 250 bales to Leghorn.
Below we give all news received to
date of disasters,
<Sc., to
vessels carrying cotton from United States
ports :
America, sir., Billups, frem Savannah for
Baltimore,
8th, with damage to boiler. Her passengers and put into Norfolk May
part of her cargo were
taken to Baltimore by steamer
Florida, and she was towed to that port
by steamer Johns Hopkins.
City of Brussels, etr.
(Br.), Watkins, from New York April 21 for
town and Liverpool, was fallen in wi:h
Queens¬
at 4:58 P. M, May 8, at.
46.30.
Ion. 44.13, under canvas,
steering east, all well, having broken I,tr shaft
A. M. April 23.
Teutonia.—New Orleans, May 7—Steamer Teutonia
(Br.),
going down the South Pass jetties, ran aground andfor Liverpool, in.
lost ft er rudder.
She lay athwart the
channe1, heading east, and would be lightened and
return to the city for
repairs. Has since been hauled off and towed to
New Orleans.
Commerzienrathin Haupt, brig, from
Fernandina, with cottonseed and
rosin, in entering Berwick Harbor, April 29, got aground
Point, but has been got off and taken safely into dock, after on Spittal
lightening
considerable portion of her cargo. It
is not expected that either
ship
cargo has sustained damage by the
grounding, as the vessel lay on.
good shingle, well up the river.
a
or
Sept.-Oct. delivery, 6d.
Cotton freigli^s the past week have been as
The Exports of Cotton
follows :
from New
Liverpool.
York, this week, show an
,,—Havre.—,.—Bremen.—,,—Hamburg.—»
increase, as compared with last
Steam.
Sail.
Steam. Sail.Steam. Sail. Steam.
week, the
Sail,
d.
d.
c.
bales, against 6,681 bales last week. Belowtotal reaching y,476
c.
c.
c.
c.
c.
c.
we give our usual
Saturday.. —@5-16 9-32@—comp. ^comp. — %@^comp.
table
showing the exports of cotton from New York, and their Monday.... —@5-16 9-32@—comp. Xcomp. y, @54 comp. — 3£comp. —@—
— £comp.
—@—
direction, for each of the last four
Tuesday..,—@5-16
#@?£comp. — ^comp. —@—
weeks; also the total exports Wedn’day. -@5-16 9-32@—comp. ^comp.
and direction
since Sept. 1, 1876;
9-32@—comp.
and in the last column the total Thursday.. —@5-16 9-32(t—comp. %comp. — %@&comp. — Xcomp. —@—
'or the same
Vicomp. — &@3*comp. — Xcomp.
period of the previous
Friday,.... -@5-16 9-32@—comp. ^comp.
year:
— ft@Xcomp. —
^comp
—
Market quiet.
(May 19, 1877.
THE CHRONKLE.
474
There has been a marked decline
in prices of flour the past
bame
forced their stocks upon the market, a
process which developed the previous weakness into an absolute
decline. Yesterday, a line of common extra State sold at $7 45, in
store, or fully $1 under the highest point.
Rye flour is also
decidedly lower, and corn meal barely steady. To-day, there was
ern
3ttra State, Ac
Western Spring
Wheat
extras
do XX and XXX
do winter X and XX..
do Minnesota patents.
Western
*
8 002 10 tO j Corn-West'n mixed,
Ye’low Western,
8 00<?t 10 25 |
Southern, ne.v
8 50@12 50 |
-City shipping extras.. .. 7
City trade and family
brands
9
Southern bakers’and fa¬
mily orands
9
Southern shipp’g extras.. 8
Rye flour, superfine
5
Corn meal—western, Ac. 3
5ff® 8 50 j
00® 10 00 |
COS 10 50 I
00.® 8 75 J
50® 6 0.) i
White
25® 3 50
.
Total
66
63
Ac. 3 75® 3 80 I Peas—Canada.bond&free
The movement in breadstuffsat this market has been as
Corn meal—Br'wine.
YORK.Same
*
18 77.
Since
For the
Jan. 1.
week.
•
Flour, bbls. 49,342
6,018
C. meal, **
34,800
Wheat, bus.
** . 346,170
Corn,
7,730
Rye,
“ .
Barley. ik . 103,555
489,310
Oats ..."
.
.
time
1876.
88,070
845,868
3,(20,157
7,299,960
420,4.2
1,176,342
1.594,205
36,783
2,880,762
3,104
....
....
-3,330
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
Peoria
Duluth
Corn,
Oets,
Barley,
Rye
bush.
bush.
bush.
bush.
(56160
(32 lbs )
251.652
30,150
10,365
45.700
7,720
2.195
3,529
2,765
20,856
25.214
46,487
181,123
969,283
10.7x0
37 584
371,286
39,415
10,200
52.32 4
2 700
74,250
320,233
157,600
623
4.443
2 280
10,247
2,610
....
.
u,050
....
•92,2:5
373.836
633.225
iCorreap’ng week,’76 111,177
’75. 119,456
69),867
! ,257,171
Total
Previous week....
“
97.546
12, 1877 :
bush.
(196 lb?.) (60 lbs.)
At—
77,290
Wheat,
bbls.
Chicago... -
TO MAY
7
102,604
159,795
59,260
tables show the Grain in sight
Breadstuff's to the latest mail dates:
Flour,
9,7(5
58,921
7,614,910
4,401,800
439,6(5
80.141
RECEIPTS AT LAKE AND RIVER PORTS
MAT 12, 1877, AND FROM JAN. 1
.
of Grain,
comprising the stocks in
Barley,
Rye,
bush.
hush.
143.827
31,000
196,824
43,000
Wheat,
Corn,
Oats,
bueh.
bush.
£03.236
.
..
....
....
403.237
65.000
1 JO,801
342,835
765
40,719
26,904
1,796,4(0
3,869,414
14,735
158,6)8
83,713
372,474
152,071
166.831
1.077,493
75,000
....
....
....
35,000
1~4,533
225.242
97,075
9,386.367
9,677,806
6,786,5(7 9,879,144
9.452,437 4,990,508
....
....
...
50,254
5,151
58,040
6,025
19,285
7,987
6,016
....
.
•
....
9^00
.
....
1,5C9
....
32^646
18,948
426,587
167,007
6'',231
134.394
16,33£
£3,983
32,600
1,905,656
1,042,431
686,406
708,262
538,681
5 969,105
•
34,832
5,654
4>2
562,147
756,181
5,703,622
....
2,163
-
....
34,219
30,000
143.084
554.134
•
8,037
107,209
107,970
17,364
84,045
•
.
12,000
4*2,659
450,000
2,145
18,702
....
52.999
39,783
6b,930
....
....
201,707 1,C54.83S
60,575
Is6,159
25,000
80,OtiO
190,755
198,S29
128,385
3,131
110,182
3,714
223,687
19,325
61,474
....
34.500
1,961,677
1.199,492
1,919,9(6
1,300,536
2,5:8,747
428,487
663.427
217,810
probably more
Note.—This is probably less tha-* it should be, as there are
one week’s shipments on the Lake which does not show on
ment oe in receipts at Eastern ports.
than
THE DRY GOODS
TRADE.
Friday. P. M.,
The volume of
Manufacturers’
above state¬
May 18, 1877.
light the past week.
agents, representing heavy woolen goods, accom¬
business has been very
FOR THE WEEK ENDING
45,332
4,489
423,581
1,317,941
.
18'
Since
For the
week.
Jan. 1.
*
The following
ment of
59.995
475,321
distributed
18 177.
Since
For the
Jan. !.
week.
197,69!
2,872,729
46,645
44.100
27,253
422,501
184,727
and the move¬
EXPORTS PROM NEW YORK.
14,*71
7,256
64,450
97,677
840,619 4,8.2.953 118.521
6,640,212 5,476.7 !S 437,933
971,8'3
22,15*
14,634
33.935
33,595
14.034
plished fair sales, but dullness prevailed in all other departments.
Resident buyers for Western and Southern jobbers limited their
purchases to small lots of goods required for immediate sales,
the local trade bought sparingly, but California buyers were a
little more liberal in their operations.
Values of both cotton and
woolen fabrics were fairly sustained, and a feature of the week
was a sharp movement in print
cloths at advanced prices. For¬
eign goods were exceedingly quiet in private hands, and met
little competition when presented in the auction rooms. The
Board of Indian Commissioners have awarded contracts for Indian
fol¬
lows
-RECEIPTS AT NSW
87,105
1,300
....
May 5, 1877
April 28, 1877
May 13. 1876..
1 10(® l 30
1 15® 1 40
Canadian
Rye,
bush.
35,28 1
553,502
74,866
289,499
8,306
656,681
66,707 ^
5,163,279 1,070,501
6,.ISO,486 1,823,381
5,542.197 '299,241
4,825.181 678,590
hush.
....
90:® 1 10
70® ?5
75® 80
Di'!® 1 10
Barley—Canada West...
State, 2-rowed
State, 4-rowed/.
Barley Malt—State
...
.
bush.
principal points of accumulation at lake and
and in transit on the Lakes, the New York canalB
fn store at Duluth
[n store at Toledo ..
Id store at Detroit
Instore at Oswego
(n store at St. Louis
(q store at Peoria
In store at Boston
In store at Toronto
In store at Montreal
Id store at. Philadelphia ..
In store at Indianapolis...
In store at Kansas City...
In store at Baltimore
Rill shipments, week
Lake Shipments
Afloat in New York.. ....
69®
71'
95® 1 10
46®.
50<®
36,433 bushels peas.
Supply
In store at New York ....
In store at Albany
In store at Buffalo
In store at Chicago
[n store at Milwaukee....
6fc'@ 69><f
70
69 a
Oats—Mixed
2,062,363 28,500,309
9,007,095 25,94!,049
3,143,344 7,216,830 20,378,Oil
4,0J4,5o7 16,353,717 16,691,404
■*
sold at
Rye
167.030
150,188
24,316
512.124
3,171,654
by rail, May 12, 1877:
and
malt is
new
And
2,440,113
granary at tlie
Beaboard ports,
l 65® 1 95
2 05® 2 10
2 00® 2 25
Amber do
White
7 65® 7 93 I
£91.794
616,068
716,836
91,100 1,918,516
97,500 1,758,685
1,131.890 2,017,372
The Visible
$1 65.® 1 73
l S2® 1 92
1 95® 2 00
—
141.502
151,422
170.690
Cor. week’76
Jan. 1 to date
Same time 1876
Same time 1875
Same time 1874
Grain.
6 75® 7
7 40i® 7 70 I
Barley,
bush.
409,775 1.318.323
902,472 2,765,880
112.764 1,*797,685 1.780,444
103,113 1,656,109 1,259.376
145,"43 1,864,788 1.272.057
Total...1
Previous week
51@52c., when a better demand sprung up and the market be¬
came steadier.
Yesterday, there were sales for June arrival, at
52c. for No. 2 mixed and G5c. for No. 1 white.
To-day, there was
a firmer market at 53@55c. for No. 2 mixed and white.
The following are the closing quotations:
Superfine State & West-
1,600,054
AND
....
and July.
j Wheat—No.3 spring,bush
[ No. 2 spring
25 | No. 1 spring
Red
588.888
2,602,346
1,663,422
1.119,501
_3
May, and Glc. for June, followed, naturally, by
some re-action.
Supplies continue liberal at the West, and trade
is dull.
To-day, the market was firmer, with steamer mixed sold
at G8^c. on the spot, G4J(gG;c. for May, and 621@Goc. for June
» bbl. {5 50 a 6 25
744 802
423,572
402 881
5,99*
728,769
22,53
2.323.314 1,365.620
581,733
19,90
488,846 2,618.184
435,193
34.13
5,350.295 17,304,426 4,324,101 1,423,324 506.82
11.004,858 18.736,747 4,641.881 1,077,870 319.27
7,578,134 10 234,873 3.741,117 797,781 230.41
17,774,923 8,780,810 4,772,505 1,144,216 2,300,26
REORIPT8 OF FLOUR AND GRAIN AT 8EABOARD PORTS kor TUB
WEEK ENDED MAY 12, 1877, AND FROM JAN 1 TC MAY 12.
Oats,
Bariey, Rye,
Corn,
Flour, Wnea%
At—
bbls.
husn
bush.
bnsh.
bush, bush
New York
50,8)6
21,2C0 ' 277,422
401,745
61,000 32,245
125
8,866
Boston
29,269
125,281
58,362
2,400
Portland
"
3.500
5<000
1,503
Montreal*
250.211
15
15,592
9,300
3,000
Philadelphia
15,000
22,800
439.200
51,200
2.000 10,500
15,739
37,650
579,640
30.000
....
Baltimore...........
1,500
New Orleans
11,524
23
243,802
10,680
....
spot, 63Ac. for
No. 2
2,084,755
8,010,103
7,166,182
5,365.047
6,862,962
Oats,
Corn,
bush.
Cor. week’75
Cor. week’74
Cor. week’73
134,021
116,918
Cor. week’72
Total Jan. 1 to date.1,531,281
Same time 1876
1.966,390
1,665,464
Same time 1875
Same time 1874
2.232,148
begins to come to market. To-day,
there was a steadier market and the sales included No. 2 Mil¬
waukee for export at $1 90 in store.
Indian corn market opened the week quite buoyant. There
was something of a corner on contracts for the first half of May.
Steamer mixed sold at 72c. on the spot, and 71c. for prompt
arrival, and stimulated by these prices there were sales of the
eame grade at G7|c. for all May, and 65£c. for all June ; but from
these figures there was a decline on Wednesday to G7^c. on the
i
bush.
126,419
106,335
May 12, 1877...
May 5, 1877
May 13, 1S76.7
limited till the next harvest
Flour.
Wh°at,
bbls.
more
Rye has been dull and barley nearly nominal. Barley
dull and prices quite unsettled.
Oats continued to decline until No. 2 mixed and white
5,164,533
1873-4
Flour,
doing.
The wheat market has been dull and drooping for nearly all
descriptions, but the stock not being to any extent in weak
hands, the decline in prices has not been so great as in flour.
This is especially true of straight grades of spring wheat. There
has been some disposition to close out old stock and irregular
samples at best prices. No. 2 spring sold on Tuesday at $1 90
for Chicago and $1 95 for No. 2 Milwaukee, but since offered 5c.
below these figures and bids reduced 10c. Receipts of wheat at
the West are again quite small, and for last week were only a
little more than half as large as for the corresponding week last
year. The increase in the receipts of winter wheat has not been
maintained,and it is rendered pretty certain that supplies will be
rather
8.598,753
16,545,445
SI,432,821
18,237,860
65,426,191 42,767,353 19,901,535
Rye
bush*
bueh.
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
RIVER PORTS FOR THE WEEK ENDED MAY 12, 1877,
AND FROM JAN. 1 TO MAY 12.
terly become uneasy, have
steadier market, with
bush.
time 1874
2,375,456 24,989,869 16,329,954
1 todate..4,198.798 35,625,347 63,378,331
1375-6.. .4,112,583 51,957,171 42,363.821
1874-5... .4,219,770 50.130,114 35,9! 2,93 >
Total Aug.
Same time
8ame time
8araetime
Barley,.
Oats,
Corn,
bush.
6,232,362 24,628,432 5,499,655 1,944,458
12,114.475 21,365,151 6,780,194 2,479,564
14,590,175 16.681,236 6,311.103 1,437,844
Total Jan. 1 to date. 1,545,106
Same time 1876
1,806,630
1,551,004
Same time 1875
week, averaging fully half a dollar a barrel. Receipts have been
smaller here as well as at the Western markets, but there has
been a marked absence of demand, and speculators, haying lat¬
a
bUBh.
bbls.
M.. May 18, 1877
Friday, P.
Wheat,
Flour,
BRE ADSTDPFS.
....
21.755
6,609
2),750
70,657
7.600
8 5('5
85,700
9,010
300,743
49),*47
474,376
859,702
375,110
-
6.264
10,0.0
••
....
2,161.413
1,c41,947
1.8:3.151
(48 lbs.) (56 lbs.)
•
6\5W4
67,157
71,7(2
34,121
31.(82
B *.751
16,1 !4
19.156
and
with
supplies during the ensuing year. The bids for dry goods,
ing, &c., were generally low, and the awards were well
among leading houses in this city.
Domestic Cotton Goods.—The
cloth¬
been fairly
satisfactory, 1,557 packages of domestics having been shipped
from this port to foreign markets in the week ending May 15,
including 389 packages to Hamburg, 333 to Great Britain, 233 to
Cbil;, 186 to Brazil, 171 to Mexico, 83 to British North American
colonies, 58 to Hayti, 38 to Bremen, 27 to Briiioh Australia, &c.
Brown sheetings and drills were in fair demand by home buyers
and lor export, and were fairly steady in price.
Bleached shirt¬
ings continued dull, and there was a light demand on’y for wide
sheetings. Tickings, stripes, checks and cottonades remained
export trade has
Mi.y 19, 1877.]
THE CHRONICLE
•quiet, but there was a steady though limited movement in
•cheviots, denims, and dyed ducks. Silesias were
moderately
active, but rolled jaconets and glazed cambrics moved slowly.
The print cloth market was excited, and, in the face of
large
sales, prices for extra 64x64 cloths advanced to 4£c. cash, freely
offered, and 4fc. asked, while 56x60 were active and
•3fc. bid. Prints continued quiet and steady, and there
at
scarce
was a
fair
demand for dress and staple ginghams.
Domestic Woolen Goods.—There has been an
irregular
demand for. men’s-wear woolens, but transactions were
fairly
satisfactory in the aggregate amount. In spring-weight woolens
there was no movement of importance, the season
being too far
advanced for large operations in these fabrics, but
heavy goods
adapted to the wants of the clothing trade met with considerable
sales. Beavers, chinchillas and castors were in steady demand,
and the productions of some
leading mills are largely sold to
arrive. Cloths aud doeskins were in moderate
request, and
heavy meltons were rather more active. Heavy cassimeres and
•suitings were taken to a liberal amount by clothiers, and heavy
■worsted and cotton warp worsted
coatings continued in good
demand. In satinets and Kentucky jeans business continued
light. Flannels were rather more active, and carpets were
distributed in fair amounts by agents and
jobbers. Worsted
dress goods were lightly dealt in,
except dress buntings and a
few special styles of figured alpacas,
which were fairly active.
Shawls continued dull and
Foreign
which
Dry
from
a
few
very
specialties,
taken in small
lots, foreign goods were very quiet in
the hands of both importers and
jobbers. Silks were sluggish
•despite the low prices at which they were offered privately and
through the auction rooms. Cashmeres and Tamise cloth were
in moderate request, but fancy dress
goods moved slowly. Linen
and white goods, handkerchiefs, embroideries and laces were in
light demand, but fairly steady in price. Men’s-wear woolens
continued inactive, and Italian cloths, satin de chenes,
&c., were in
strictly moderate demand. Canton mattings were in fair request,
■but when offered at auction
brought lower prices than when last
reported upon.
were
Afixports oX
all the
principal foreign countries, since Jan. 1, 1877, the
totals for the last week, and also the
totals since Jan. 1, 1877
aud 1876.
The last two lines show total
values, including the
value of all othev articles besides those
mentioned in the table.
OJ
to
co
® 30
»/->
’-■
—
Pkgs.
Manufactures of wool.... &21
do
cotton. :l,lb3
do
do
silk
flax
Total.
'i' J*
•'.'J
2,117
c
of wool....
cotton..
269
198
do
49
$118,656
52,682
56,609
32!
Total
194
660
360
671
483
571,979
59.08 $
24,316
.9
246
1,151
25,740
953
$416,953
691,891
1,708
2,288
$303,045
690,621
2,166
Total thrown upon m'k’t. 5,859 $1,457,389
4,253
u43
177
53
212
•Miscellaneous dry goods. 2.593
cotton..
silk
flax....
Total
3.283
Add ent’dfor consumpt'u 3,115
$1,116,852
3,996
$82,133
121
45,903
190
174
83
51,179
45,507
236
67
45.665
460
45,216
518
105,676
34,755
320
21
54,140
£
h
oq
2
_
co
»o
IM •-• -j«
3
o as
o o' ■-<
-r
O
$993,666
60,897
51,184
59,161
3,709
1,475
$619,250
765
$*21,767
2,117
699,594
2,283
•
co
•-
t
■aoo^icoco'--f to xt-
_
5j$
co is o
O
r-«
k
*-»
<7«
3,053
The receipts of domestic produce sines January
the same time in 1876, have been as follows :
<®
°
uot-o
■
eo
.
c
H
G CO
co in
—1
>»-
^
a x».-
C75
— co
too*
bbls.
bush.
971,813
Naval Stores—
Crude tnrp..bbls.
Spirits lurp* “
Rosin
“
Tar
“
.bbls.
1, 1877, and for
:.pbbt
1,518
215.027
5,721
.bags.
47.743
Butter.... pkgs.
4*
Cheese....
352,710
133,110
383,296
251,607
Peanuts
Provisions—
Cutmeats
€
Eggs
44
•
Pork
44
Beef......
44
90.628
19,991
173,849
18,312
16,904
130.862
44
Lard
Lard
Rice
Starch
Stearine
pkgs.
*4
881
17 141
109,556
84.447
11 536
8.15-.'
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Suzar
Taflow
353,371
23?,394
205.9*5
257.663
97.550
42,537
148,439
5,55)
20,212
12>,355
9,985
8,716
147!
.pkgs.
44
Tobacco.
Tobacco.,,. .hhds
Whiskey ... .bbls.
!Wool
bales.
Dressed hogs..No.
178,525
2,’02
30,394
11,395
.bbls.
.hhds.
Sugar
1.302
8,962
4»
2c,9 26
72,403
16,214
68.307
...
790
17.953
®
.
O* ■£ !_ JO QO
9^
-.n
^ —•
COG
^Teo
Pitch
Oil cake....
1.317,941 Oil, lard...
840,619 4,871.958
Corn....... “
6.64C,212 5,476,718
Oats
“
2,872,729 2,880,762
Rye
“
197,69!
80,141
Barley&raalt “
1,176,342 1,594,205
Grass seed...bags
72,589
66,73»
Beans
bbls.
37,279
41,-91
Peas
bush.
137,034
612,911
Corn meal. .bbls.
97,077
64.450
Cotton
bales.
295,644
365,710
Hemp
“
2,271
1,005
Hides
No. 1,669,379 1,264,890
Hops
bales.
se,309
34,018
Leather
sides. 1,519,950 1,649.209
Molasses
hhdj.
333
Molasses
bbls.
62,211
39,894
-.'l
OO—.^o CO I- 6(NOOCC>J »
Of Of"©. r-Tcrroj rH TT
OO
*
Ci
•
i
Flour
.cm
O
•
•
•
»T
.
Since
Same
Jan. 1,*7? time 1876
1
;!) u~. ^ O
rAj
"
rr’l3
<
«o
Same
time 1876
2,*80
•
-
„C1?
$912,398
3,140
•OM00iCa)Ol-»i3>O--«
O
•
_
co
r.7
«-«
CO
'
Wheat
c/c
_
‘i-r.3icnrjoa)Oi.cn«r<
<X3
690,621
pkgs.
*
*
J®
CT>
$43,316
*311.003
$1,46!,932 3,591 $1,019,144
Receipts or Domestic Produce*
Breadstuff s—
T-1
*
CO
c
A—
$93,070
1,150,932
Jan. 1,’77
L-
DURINS SAME PERIOD.
entered at the port. 6,393
Since
2
co
r-t
i-
$120,076
'
rr
20,627
70.579
2.117
ENTERED POR WaREHOUSINO
tn
>»
•
79,135
$3f 6,407
Manufactures of wool....
•©.
aoNwoor-cnoi
market during the
$131,160
5S
.
-r
O
O r-l
$691),621
181,987
226,658
133,619
76,387
48,948
81,278
59,122
1,150,982
Ashes
uj
o
107, <44
2,735
TdIsaI
—
oo
•
<t
1877—
ers.
Value.
256
168
88
3,115
Addent’dforconsumpt’n
o co Oi t— on
~
O_;c_ao.-c ao t- © © -i*
coco" of t—* *o
oo i- ioco
-9*
299
272
92
319
Miscellaneous dry goods. 1 928
-o
©"*o ->>'©
>5 »
SAME PERIOD
silk
flax
do
do
do
co"
os y. c*
-r
—
—>
2,233
$699,891
prom warehouse and thrown into the
atanufacturee
do
do
362
© co <?» ©
.r
—
wmm
ttco-
17, 1877.
A
$99,647
159.686
229,867
124,777
85,947
336,594
469,2i6
121,678
99,016
3,115 $1,150,981
Withdrawn
.
$154,468
765
514
Miscellaneous dry goods
ENDING MAY
Value.
—.
OJ
1876
Value.
,
—«
L—
The importations of dry goods at this oort tor the week
ending
-May 17, lb77, and for the corresponding weeks of 1876 and
1875, have been as follows :
1875
'-O or>
3;
r/)
I
■
o co
~
!O3).Tj-XQ0t-Q0C0'-i<NMC»t-.Oi
-j
Importations of°Drjr Goods.
ENTERED POR CONSUMPTION POR
THB WEEK
Leadhid Articles from New York.
The following table,
compiled from Custom House returns,
shows the exports of
leading articles from the portof New York
irregular.
Goods.—Aside
475
87
15.941
75,001
83,762
14.153
•
51,533
16,523
58.405
35.543
:
:
:8
:
cotrT04
r:»o©j3
-•■ovOi
!©
*2
.
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•
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23!1
— -i* j
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2
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.
•
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ASHER—
B HEADS T 0 FF8—See special report.
BUILDING MATERIALS—
Bricks—Common Hard,afloat..V M
3
8
23
1
bbl.
bbl.
10
00
20
80
.
Maple
V M. ft.
Bans—:0®40d.cam,fen.A sh.^R keg
•
•
•
6 00
10 00
Italian
Manila
Sisal
Jute
27 00
HIDES—
•
i##.
fact’y, tubs, g’d to ch’ce
“
“
“
H’l flrk.,tuDs,state, f’r to prime
Welsh tubs, State, com. to p’me
16
13
:
Penn.
New¬
burgh.
Foboken.
A: ril 25.
2 95
3 35
3 00
UOFFEK—
Hlo, ord. car. 60and92
do fair,
do
do good,
do
2
2
2
3
2
3 05
3 05
3 10
3 45
3 35
days.gld.^f ft
gold.
••
gold. “
gold. “
gold. “
prime,
do
Java, mats
Native Ceylon.
do
gold.
gold,
“
“
“
“
gold.
gold.
gold.
8t. Domingo
Savanilla
Costa Rica
COPPER—
19X©
12 oz;
Brazlers’fover 16 oz.)
American Ingot, Lake
COTTON—See special report.
DRUGS & DYKS—
Alum, lump. Am
$ ft cur.
Sheathing, new (over
MX
3
3
...
21
21
refined
Camphor
..cur.
• •
gold.
*
*
$ 100 ft
f* ft
Caustic soda
Chlorate potash
4*
M
Cochineal, Honduras
Cochineal. Mexican
4
•
2Sft<2
V gal.
“
Cuba, Mus.,refln.gr’ds,50t(8t.
do
do
grocery gradeB.
“
cur.
Glycerine,
44
I3ft
80
American pure..
Jalap..
Licorice paste,
Calabria.
Licorice paRtc,Sicily ...
• 4
,
'*
44
Almouds, Jordan shelled
.gold
27
4
4
Madder, Dutch
Madder,French..
Nutgulls.blue \lepno
.cur.
Oil vitriol (66 Brimstone)
Opium, Turkey ....(in bon
Prussiate
“
i), gold.
potash,yellow. Am..car.
gold.
car.
Quicksilver
Quinine
Rhubarb, China,goo.I to nr.... “
Sal soda, N^wca^tl** ?* loO ft, goid
Shell Lac, 3d & 1st English. $a.eur.
Soda ash
$ UX) ft. gold
Sugar of lead, white, prime.?* Tbcur.
Vitriol, blue.common
“
ISti—
70
a
3
1 50 3
3
25 3
471/9
70 3
50 3
1 25 <3
21 3
1 63 3
3
e • /
74
3
,
5ft
24
1 75
k
25
48
5 03
1 25
1 27*
'25
1 90
19
GJ
UU
10 00
501b. trail 3 90 3
1 67 3
Loose'Muscatel, new
2 15 3
Sultana, new
per lb.
10ft©
4 00
Citron,Leghorr
Prunes, Turkish
do
Dates
French
...
6ft**
*'ftO
8 3
©
(new)
10
s
Figs, layer
V case.
Canton Ginger
Sardines, V hi. box,
Sardines, # or oox
Macaroni, Italian
Domestic Dried—
Apples,Southern,
no
sliced
Blackberries
Raspberries
Cherries
Plums, State and
Southern.
a
3
*19x1
.3
...
V ft
#ft
quarters, (new)....
do
State, slice 1, (new)
.
do quarters, (n-w'. ......
do
Peaches,pared,Ga. pr. and th.(new)
do
unpared, halves and qrs,....
do
3
i2xa
4
4
11
5X
is‘
i?
7 50
20
13
13
‘
“
•
•
$ gal.
11
•«»•••»•«••••••••••••••
“
Refined, standard white
Naphtha. City, bbls
“
?* bbl.
“
".
Pork,extra prune
Pork, prime mess,
“
"
“
West
3«;el,plain mess
Beef, extra menu
Beef hams, choice
Bacon,
Western.... *'
# ft
City long clear
Hams, sm
>ked
“
**
...
Lard. City steam
RICE—
Carolina, fair to
prime..... ....V ft.
Louisiana, good to prime
“
$ 100 ft.
Rangoon, in bond, gold
ft*
Patna
SALT—
Turk’s Island
St. Martin
Llvernoo' .various sorts
8ALTPKTRE—
Refined, pure
Crude
Nitrate soda
per
?* bush.
?* sack.
Vft
.....gold
“
1001b.
L nswed,
3
13 '
Linseed, Bombay
15
34X3
1 10
2 25
2 05
2 75
6 50
3
©
®
©
©
14
©
iux
....©
9
16
9
10
UX
...©
•
•
a
.
•
•
•
9
©
9X
m
....©
...©
:cx
10X©
H‘X@
10 x
lift
I ox
9ft
7
©
8ft
9
•
a a
.
©
9ft
:ox
lift
lift
10 ©
R K©
UX3
12
Brazil,bags,D. S. Nos. 9© 11........
Java, do. D.S„ No8.10©12
12ft
12ft
:ox
m-
©
B!X©
10ft
9X©
10Xd
JCft
9ft
10 ft
12ft
Uft
**©
Manila, superior to ex. sup
N. O., refining to grocery grades
8Y©
Hard, powdered
56
12X©
granulatea.
do
12X
25*'
35
1 95
2 65
2 15
4 25
12ft©
.../.
TALLOW—
Prime city,
,
V ft.
“
Western
ilyson,
Common to fair
do
Superior to flr'e
do
Extra fine to finest
do
Choicest
Young Hyson,Com.to fair
do
Super.to fine
do
Ex. fine to finest
Choicest
do
cur. $ ft
5X
10
12
14
tox
49
1 20
©
76
1 25
78
6S
1 28
1 55
72
37
Ex. fine to finest.'.
Choicest.
Imperial, Com. to fair .‘
do
do
Sun. to fine
Extraflne toflnest
do
no
Hyson Skin.& Twan.. com. to fair.
do
do
Sup.to fine
do
Ex. fine to finest
do
Uncolored Japan,Com. to lair
go
Sup’rtortne
do
Ex. fine to finest
Oolong, Common to tair,*^
do
Superior to fine
do
Ex flneto finest
do
Choicest
Souc.& Cong.. Com. to fair
do
Snp’rto fine
do
Ex.flneto finest
TIN-
^
a
© 37 00
gold.^ft
“
*
tfbxg d.
Banca
Straits
English,refined
3X
....©
18 ra
21
14X©
UX
©
Plates. 1. C., coke
Plates.char.terne
TOBACCOKentucky lugs, heavv
leaf,
“
13”
Uft
Uft
10
centnt../
UftA
UX©
nxa
II
ltxa
do
cut loaf
Soft vfhite, A. standard
off A
do
di>
White extra C
gunpowder, Com to fair
do
Sup.to fine
40
3
10
6x®
PeHned—Hard, crushed
53
UU
58
47X©
1 13
75
....
....©
machinery
German spring
do
Yellow
Other Yellow
8xa
2 16
Store Prices.
I4X©
16
castapring
white
do
do
Porto Rico,refining,com. to prime.
do
grocery, fair to choiCto..
-
2
2 10 ©
1 ioxa
9X©
10X©
cur.
.
3J
32
....©
4X©
9 X©
1!
©
5 ©
Clover,
Calcutta
14 90
at
14 95
Seed
leaf—New
U'ft
12
8X©
23 ©
30 ©
4:4 (ft
Nomin
22 ©
30 ©
f6 ©
80 @ 1
25 ©
S3 ©
56 ©
90 © 1
25 ©
33 ©
43 ©
43 ©
21 ©
Nomin
25 ©
E3 ©
50 @
27 ©
35 ©
50 ©
SO ©
25 ©
S3 ©
60 ©
1SX
....©
16 ft*
1-ft
16X
i«ft:a
5 70 ©
5 67X©
5 ST ft
6 1)0
6X
16
10
iff)
© 14 50
© 22 50
21 75
73^ 8
Manufac’d.in“ bond, black work
bright work
....©
ViX
S»X
6 ©
6 X©
ex
3 12X'»
....©
& 2
American,Combing
Extra, Pulled
No. 1, Pulled
California. Spring ClipF*‘r
28
27
1 10
@
©
©
....©
7 ©
....©
30
80
2 50
12X
7X
3 CO
Inferior
Burry
South Am. Marine,
Cape Good Hope,
Texas, fine,
Texas,
14X
1
S
3
3
!5
95
25
50
00
90
1 70
2 17X
1
...
unwaBhed
;
unwashed
25
©
1 13
21
i4
86
©
©
©
©
©
46
40
53
87
24
©
©
©
13 ©
27 ©
S3 &
?0
26
13
17
3)
85
27
27
£0
47
27
23
14
23
©
©
23
gold.
V ft,gold,net
6
18
17
Smyrna,unwashed
freightsTo Livbbpool:
Cotton
V
Flour
bbl.
Heavy voo«is. .V ton.
,—
d.
....
....
40 0
*.
d.
«.
d.
© 5-16 9 32©
2 9 4
©
26 3»
S 55 0
....©
5ftfi
7 0
^
A
...
....
/7k
fft
©
SAIL.--'
STB AM.
8.
Corn.b’lk&bgs. V bn.
Wheat, bulk & b&gB..
V tee.
Beel
©
©
Eastern
medium. Eastern
7ft
©
85
18
unwashed..
ZINC—
Sheet
?* ft.
Vft
American XX
American, Nos. 1
Superior,
©
21
“
WOOL—
llXo
10
5
12
75
13ft©
Pa. assorted lots, '74-’73
Havana, com. to fine
....©
13 00
14 < 0
fillers, '74-’i5.
-
....©
$ft
Eng.wrappers’71-’75
do
•*
14 ©
14X-®
bush. 1 90 •«.
©
-•■©
©
r ... @
1 60 (<a
?* 56 )b., gold. 2 15 ©
56lb,.gold. - ....©
IS
5X
2 25
2 12 X©
© n 00
© 3 00
© 4 00
© 3 25
cast, Tool
...
27
34
2
MX
“
&
1*
3
©
....
..
“
PETROLEUM—
Crude, in built
•••
bllBter
Hav’a. Box.D. S. Nob.7@9
do 10© 12
do
do
do 13@15...
do
do
do 16@18...
do
do
do 19@2U ...
do
do
25
....©
52 @
....©
54 ©
45 ©
f0 @
47 ©
89
15
,
26
©
©
©
©
3
©
3 50
3 00
Me.lado
26 ft
©
23
23
25
31
27
30
5&
10
95
9
Uuba.lnf.to com. refining ....^ ft,
d5 fair refining
“
do good refining.
“
do prime, refining
“
do lair to choice grocery.... “
do centr.hhds.& bxs, Nos. 8@13
Molasses hhds & bxs
6 75
5 60
•
©
©
....©
....©
60 ©
“
10ft
ex
24
3
3
3
American
American
American
American
American
9X©
....
SE SDS-
©
3
3
6 62X©
5 70 ©
7ft©
8“
©
©
©
8 75
SUGAR-
S 1-10
11
4
&
4 CO
English,spring,2d & 1st quality.. “
© 5U 0J
Sperm, bleached winter
“
Lard oil, Noe. 1 and 2
“
Oil. C AKE—
ton.
City, thin oblong,bagp. eold,
Western, thin oblong (Dorn.) cur “ 36 00
C&B6B
?i gall.
(90 per ct)
English, cast,2d&l s t quality ♦ ft gold
© 38 CO
76
“
Whale,bleached winter......
Western....
Clover, New York State
Tlinotny
*
Canary, Smyrna
Canary, Sicily
Canary, DU'ih.,..;
He op, torelgn
Fiax eed, A * erlcan, roneh
ixa
6
22
14
14
26"
4X
6X3
5
10
2
bbls
Whale, Northern.'
Sperm, crude
PROVISIONS—
Pork, mess
© 13 00
per
35**
75”®
*•
“
Menhaden, crude Sound,....
Neateloot, No. 1 to extra
28
29
75 © ? i
3
00 @ 17
$ gal.
Cotton seed, crude
Olive, in casks # gall
Linseed, casks ana
8X3
03
50
U0
OILS—
22
25
15
• ft
Valencia, new
Currants, new
-
..
OAKUM—Navy.U.S. Navy & best # ft.
H 3
FRUITRalslns.SeeaittBs
40
Layer, new
4o
do
do
•
Sicily
Pecau
33X
^
6
22
$ lb.
Walnuts, Naples
US
6X3
George’s and Grand Bank cori.p.qt.l. 3
pr.bbi. 19
Mackerel, No.l, vi. shore
Mackerel, No. 1, Bay
16
Mackerel, No.2, Mass, shore
8
Mackerel, No. 2, Bay
10
t* LAX —
North River, prime
Brazil
Fib ert«,
•*
TEA—
NUTS—
4 45
25
©
©
©
©
©
©
©
25
“
prime,
“
31 ft
7
1 ie
21
21
40
“
“
Tar, Washington
?* bbl.
Tar, Wilmington
“
Pitch, city
“
Spirits turpentine
# gal.
Rosin, strained to good strd.V bbl.
“
low No. 1 to good No. 1
“
"
“
low No. 2 to good No. 2
“
low pale to extra pale..
“
window glass
“
2ft
'J
8-10©
H M©
3ft©
NAVAl, STORES-
VIA
9
5
.
..
“
Demerara
Porto Rico
N. O., com. to
6ft©
*•
Gambler
Ginseng
.
Barbadoes
8 ft©
gold.
?* ft.
c.)
Oak. rough.
Texas, crop
22
20
-
44
p.
“
LEATHER—
Hemlock.Buen, A’res,h.,m.& l.?Ub.
“
California, h., m. & 1
"
common hide, h., m. & 1....
“
rough
&,
3 ©
31
©
8) @
4 25 ©
23 ©
61 ft ©
5 ft ©
10
Gin
Domestic liquors—CaBb.
MOLASSES—
'*%
2ft©
’8 3
26 3
2ft©
3* 109 lbs, gold
cur.
.
Cuba, clayed
3
gold.29 00
IRtt
Steel railB
LEAD—
Domestic
Bar (discount.
Sheet
**
•
@
@
©
....©
!3
gold.
fi gall.
**
...
“
Brandy, foreign brands
Rum—Jam.,4th proof
St.Croix,3d proof
English blister, 2d & lstquallty.. “
English machinery
“
English German,2d & 1st quality “
(X)
50
1)0
1O
00
47 50
Slaughter crop
‘21
21
Arsenic,powdered
“
4 00 3
Bicarb, soda, Newcastle.$ 100 ft *•
Bi chro. potash.
^ft cur.
13 3
Bleaching powder
# UUtt. “
1 75 ©
roll
single,double & treMe.com.
Works..?* ton, cur. 35
Rails, Amer., at
16ft
12X3
“
,
Sheet,
5
...
STEEL—
49
44
42
42
45
6X
6 50
©
14X©
Whiskey...
3 19 00
© IS 50
© 13 00
® 23 UG
More Prices,
130 U0 ©132 50
3 ©
6
18
17
17
25
r
Alcohol
5SX
43
30
gold.^ft
Sheet, uu?sia
32
31
32
1
gold.
Argolsjcrude
Brimstone, Am.
Bar,Swedes.ordinary sizes..ton.
Scroll
?* lb.
Hoop, Xx.No.22 to 1&!XX.13&!4 “
w"
26
21
29
20
f ft
Bolts
?) ton.
Ordinary foreign
23 3
19 ©
I8X©
13 <«.
1SX3
19 @
16X3
18 @
13 3
“
“
gold.
Laguayra
Argols,refined
Pig,American, No.l
Pig, American, No.2
Pig, American, Forge
Pig, Scotcn
stems
12X
<2
....
6X®
6 00
80
85
13
33
12
...
/.....
do
3
11X3
IRON--
17
20ft©
••
goid
jamdka
Maracaibo
75
25
25
65
25
90-3
15-3
10-3
35-3
10 3
....3
“
gold*
Mexican
2
3
3
3
3
75
75
75
10
75
UX
„
SPIRITS—
16
©
®
©
@
@
21X©
21X©
s ©
63f@
Cloves
3
41
43
43
49
41
Mexican, sheet........
hawk’n.Rlchm’d Jolinscn
Schel. Schtd.
Scheo.
92-2 97
2 82X
2
"
"
Carthagena, nressed
Nicaragua,>heet
Port
3
3
3
9X3
Panama strip
L. & W.
Port
Wee-
3
15
12
Guayaquil, p essed, strip
I3ft
3
3
..
*5 © 7 75
00
2'2X@
Nutmegs, Batavia and Penang
Pimento, Jamaica
19X
©
©
?* ft,gold
do
Calcutta
Mace
•
17
17
14.
13
14
12
9
11
cur.
gold
Calcutta, buffalo
INDIA RUBRERPara, coarse to fine
Esmaralda, pressed, strip
1<X
11X3
nxa
D&H. P. A R.
D.L&W.
Auc, Schrduie.
St’nib.
f 3 31
3 .0
Grate...
3 13
Egg.. .
3 60
Stove...
3 45
CU’nut..
do....
Tcx&s
A. I. stock—Cal., slanght
Calcutta, dead green
10 003 11 00
13 00a ’4 no
last Auction, or by May
Anthracite—Prices at
gold
gold.
Nicaragua, scrap
CHEESE—State factory, fair to choice
?tft
Western factory,good to prune.. “
COALLlverpool gae cannel
Liverpool house eannel . ..
schedule
California,
25
20
20
21
“
cur.
do....
do....
do....
do....
Para,
12
1 90
4
do....
Savanilla,
Wet Salted—Buen. Ay,
•
cur.
Pepper, Batavia
do
Singapore
do
white
Uassla, China Llgnea
do
Batavia
Ginger, African
22
16
16
13
17
13
11
8
10
1
4
•
6 75
SPICES—
• • •
©
!00 ft.gold.
Domestic, common
17X©
..
Matsmoras
7X
21
7
Foreign
....
21X©
4
41
Maracaibo,
Bahia,
Dry Salted—Maracaibo,selected
9
©
©
©
M
M
4
•J
©
©
•
SPELTER—
...
44
44
do....
do....
"do....
do
do....
do....
Matamora*.
iux
0ft©
Faints—Ld.twh.Ani,pure, In oil ^ ft
8X2
Lead.wn., Amer., pure dry
6X3
Zinc, wb.,Amer. dry. No. I
nx©
Zinc, wh.. Amer., No.1, In oil
1 80 ©
Paris white. Eng., rold.... # 100 ft.
BUTTER— New— (Wholesale Prices)—
22 a
Dairies, pails, gM to p’me StAte V ft.
**
do....
do....
Orinoco,
California,
28
©
18
a
© 50 00
2 75
©
© 5 25
© 5 CO
© 3 00
....a
©
....©
....a
Ayres^elected.fittgold
Montevideo.
4* 00
3ft©
..
...
8ft
6
5ft
8X3
“
“
.
Corrientes,
Rio Grande,
...
1 25
70 00
22 00
33
47 00
“
-.tfft
Dry— Bnenos
75
70 3
130 00 ©135 00
gold.205 90 321O 00
“ 270 00 3275 00
Russia,clean
@150 00
4 25
Cutspikes,allsizes
V ton. 175 90 3215 00
....
©
©
©
©
©
©
©
©
©
©
©
45 IHJ
18 90
25
35 00
33 00
SO 00
22
16
45 00
do
filaca walnut, good to reasoned
8pruce boards a pianke, tacb
Hemlock boards. each
00
V 100 ft
HEMP AND J LI IE—
American dressed
American undressed
5*
V ft.
Cement— Rosenaaie
1R
Lime— Rockland, common... j
6 00
..
HAYNorth River shlop’ug
PRICES CURRENT
Pot, first sort
SILK—
Usual reel Tsatlees
Usual reel Taysaams.
Ke-reeled Tsatlees
Re-reeled Cctegon ...
GUNNIES.—See report under Cotton.
GENERAL
West’n
[May 19, 1877.
THE CHEONiCLE.
476
....©
*.
d.
.Tconip.
300
@FedFRASER