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HUNTS
MERCHANTS'
MAGAZINE.
shaper,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS
[Entered, according to act of Congress, in tlie
VOL. 30.
year
OP THE
UNITED
STATES.
1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
SATURDAY, MAY 29, 1880.
CONTENT8.
NO. 779.
bottom of the present disasters
THE CHRONICLE
Have Stocks Any Value 1.:
553 Latest Monetar.
Monetary and CommerBiennial
The
cial Euiglish News
Amendment
558
Killed
554 Cominercnai and Miscellaneous
News
Reading Railroad Failure
555
509
only after
a
long period of
stagnation. So far as that statement represents the con*
I dition of general trade, is it not clearly the very reverse of
r°
i
.
.
~ rr
the truth t
We were
.
a
.
_
,
.
few weeks since—under the influence
....
Range of Stocks from January
1 to May 25, 1880
557
THE
BANKERS’
of excessive elation after the
up
GAZETTE.
ouotatTons Of Stocks and Bonds
too high
lative,
a
prolonged depression—getting
rate of speed, and all values, real and specu-
becoming mixed and almost unrecognizable,
everything, regardless of relative worth or
Banks, etc
500
earning capacity, advanced almost equally; even calling a
THE COMMERCIAL TIMES.
road by another name—as men sometimes will rename, for
Commercial Epitome
569 I Dry Goods
577
Cotton
569 Imports and Exports
577 the same
Breadstufts
576
purpose, old, worn-out steamboats—immediately
made it double in value. Natural monetary laws—which are
automatic, and under which we live since we resumed specie
The Commercial and Financial Chronicle is issued every Satur¬ payments—simply checked this craze, and produced a
day morning, with the latest news up to midnight of Friday.
healthy reaction. The severity of the rebound has been
Post
Office
at
[Entered at the
New York, N. Y., as second-class greatly aggravated by the failure of the Reading Railroad.
mail matter.]
But that is seen to be only a special case, of no wide
applica*
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
tion, because not at all representing a prevailing condition.
For One Year (including postage)
$10 20.
Trade is sound, never more so; values are real,
For J,ix Mouths
do
6 10.
except so
Annnal subscription in London (including
£2 7s.
postage)
far
alT
an excited
Six mot*.
do
speculation
has
disturbed
do
do
1 8s.
them, and to
Subscriptions will be continued until ordered stopped by a written rectify that disturbance this reaction has set in.
order, or at the publica tion office. The Publishers cannot be responsible
for Remittances uuless made by Drafts or Post-Office
Money Orders.
Unfortunately, however, impulse, not reason, governs the
Advert f sement*.
mass
of people,
Transient advertisements are published at 25 cents per line for each
so our markets are more frequently
insertion, but when definite orders are given for five, or more, insertions,
under
the
control
of a “ tone ” than of legitimate influa liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
ences.
To be sure, supply and demand ultimately reguWILLIAM B. DANA,
)
WILLIAM B. DANA & OO., Publishers,
i
/
J
john g. floyd, jR. >
79 & si william street, new york.
Money Market, U. S. Securi¬
ties, Railway Stocks, Foreign
Exchange, New York City
ew
563
York Local Securities.... o64
Investments, and State, City
and Corporation Finances... 505
were
*phat is to say,
3*hx Chronicle.
,
_
pogx Offich Box 4592
—
,
|
*
late the
.
„
of merchandise, and
prices
A
quotation for securities, but
■
very
earning
value the
much in the
same way
°
vJ^meTbound'fOTJSbKribcMirt |ija£°stage on the ™e ie as gravity regulates the vibrations of a pendulum controlled
EF* For a complete set of the Commercial and Financial ChroniCLE—July, 1865, to date—or Host's Merchants’Magazine, 1839 to
1871. inquire at the office.
| by clock-work.
Hence it is, that a short time since we
swinging in one direction under a high tide of
hope, with everything too low in the general estimation,
ItA VE STOCKS ANY VALUE?
and no one could buy too much ; but to-day we have not
On another page we give a
very interesting table com- only swung back again, but are off in the opposite direcpiled by us this week, showing the total share capital of all tion of desperation, and
everything is too high even yet.
the steam railroads dealt in at our Stock
Exchange, the j The crowd does not inquire critically in either case what
highest price at which each stock has sold since January an article or a stock it proposes to buy is worth, but
1, also the price of each on Tuesday of this week, and the j rather how high or how low it will
go, and the conclusion
actual loss which the present decline
culminating on that reached mainly reflects the “tone of the street.”
day represents. Our readers will find this compilation I But we have reached a point now when it would seem to
very useful. Without dwelling on its details, it seems be the part of wisdom to consider the
facts, and not street
that the total railroad share capital on
the Exchange list is fancies. Is it true or not that railroad stocks are more
$1,153,492,553, and that the fall in price represents an valuable than they were a few years since ? Every one has
ag£regate loss of $200,913,259.
In other words, 200
( been claiming that they were decidedly more valuable.
The
millions of the reputed value of all the railroad stocks common
argument was, and it seemed an unanswerable one,
dealt in at our Stock
Exchange has been apparently wiped that the earnings were very much larger, and necessarily
■*“
.
we
.
.
.
..
.
were
*
"""
i
.
[
out
since the
downward movement
was
set in
motion,
therefore the securities should sell at
comparatively higher
rates. Our review, two weeks ago, of the earnings for April
showed an increase of 27 per cent over the previous year ;
of course a part of the increase was due to greater mile8Peakingas if another cycle, like that beginning with 1873, age operated, but even after allowing for that, the stateWas in store for
us, and claiming that we are to touch the ment was a marvelous one, and
certainly seems to reflect
This certainly is
remarkable result, and suggests,
88 a
timely inquiry, how far this depreciation is warranted,
Many are inclined to take a very desponding view,
a most
554
THE
CHRONICLE.
(rV0L. XXX.
properties much in advance of pre¬ philosopher say of the suggestion in regard to our
political progression furnished by the fact that each
vious years.
Recently it is claimed by many that these earnings are successive Legislature, as it disappears, is believed, in
simply exceptional, and that they will be much less another general estimation, to have earned the name of being the
A worthy chaplain—in oldworst one ever known.
year; that we have had large crops, Europe has had none,
and we have been called upon to supply her wants at high fashioned times when the science of government was
more respected
and studied, because less understood,
prices; another year this will all be changed. That argu¬
now—in
his
than
opening prayer at the session of the
ment has a show of fairness, but nothing more.
Will this
country raise any smaller crops next year than it has this egislative body which had secured his ministrations,
year ? We venture to say that almost every crop will be besought that the Lord would vouchsafe wisdom to the
members of the Legislature and would “ over-rule all
larger, unless -bad weather should prevent, for a very con¬
siderably increased area has been sown. The producers their doings.” This was, of course, an accidental slip,
but is nevertheless a good satire on most legislative
may secure a lower price—it is more than likely they will—
but the larger crops have to be distributed by the railroads bodies now-a-days. And since we forget its predecessors,
as we do the aches of yesterday, the law-makers of 1880
Just the same as if the price were higher. Furthermore,
•the general business of the country is improving, and all rail¬ will really be regarded as peculiarly objectionable.
They will be remembered, however, by the business
road reports show that their return tonnage is in that way
•becoming larger. The farmer is consuming more goods community with probably the greatest disfavor because
•than he was, construction of every kind is in progress and of their action upon the proposed amendment to the
will go on expanding, this expansion being helped by the constitution with regard to biennial sessions. One Legis¬
dower prices for merchandise.
It would be unreasonable lature had passed this measure. It might have been sub¬
*iot to suppose, therefore, that there will be an enlarged mitted to the people this fall, and adopted; but the Leg¬
^distribution the coming year—more reapers a*id mowers, islature of 1880 has killed it, although the session which
has just closed furnished in its history the very strongest
more building materials, more cotton and woolen goods,
in fact more of everything that is needed by the ordinary argument in its favor. Now it will require two years
consumer or for the gradual growth
of the country’s more before the people can vote upon it. And yet, what
is a session of the Legislature, judging from the past
industries.
This latter fact is of more importance than many give one ? The bulk of the time is frittered away in simply
A
condition of these
We had large crops to market before last year, and proposing measures which disturb business interests, and
all the real work is done in a hurry. Legislation, under
our roads distributed them ; but the cars that came to the
North and East with cotton and breadstuffs, returned this method, is a game of foot-ball. There is a great cloud
of dust; you see a confusion of bats, heads, feet and mem¬
empty. Examine almost any of our recent railroad re¬
it.
,
ports, and the important feature it discloses is an increase bers, nothing distinguishable from the mass; finally the
in return freight.
This new business, we should also ball, long out of sight, emerges in some distant or unex¬
largely profit, because it requires the moving pected corner of the field, or, mayhap, shoots wildly over
of no additional cars, and furthermore a higher price is the fence out of sight, and is found only after long
Back and forth fly the bills between com¬
obtained for it. Then, again, with industries revived, our search.
mittees
and houses; amended, reported, delayed,"
people are traveling more ; this is done in part for pleasure,
read” once, twice, thrice ; committed and recommit¬
but in great part to purchase supplies.
Our city hotels,
not only here but elsewhere, have been overcrowded during ted, like the culprits they are ; passed, recalled to be
.almost the entire twelve months.
Population, also, is in¬ put. into shape, vetoed, and miscellaneously boxed
creasing—all the time naturally, but now very rapidly by about, no one can tell what is and what is not done,
whether he is inside or outside these “ deliberative”
immigration. Our Western lands are filling up, indicat¬
ing a constant increase in new supplies for the markets bodies, until he has collected his scattered faculties at a
and new wants for consumption.
In a word, the country distance. Bills which ought to go through, if by acci¬
dent there are any, are lost ; objectionable ones are
is in a state of rapid development, and stagnation in any
industry can be but temporary, for, under existing circum¬ passed, nobody knows how ; uproar becomes tumult,
day is protracted into night, and everything goes like a
stances, it is an unnatural, not a natural, condition.
The public needs, however, to be more discriminating in half-frantic dance, as the hour of closing approaches;
Its purchases. Changing the name of a railroad, or uniting sometimes the dock is secretly set back ; then the gavel
cuts the hubbub short, and everybody withdraws to a
.two or more broken-down railroads, does not necessarily
distance and begins to hunt for the foot-ball—in other
produce dividends or even solvency; In fact, a system of
roads may become large without becoming profitable, and words, to find out what has been done and from what
especially if, in securing additions, large obligations are we are to be delivered.
Is this an overdrawn picture ? Thrust a stick into an
assumed or incurred. But for the securities of all old and
ant-hill and the colony is thrown into a state of excite¬
new roads that are managed on sound business principles,
prices must continue to rise, for in the nature of the case ment; there are some remote seaports whose little popu¬
lation is so bound up with “the ship” of the place that
they must become more and more profitable.
when she leaves or arrives everything is suspended^)
wait upon the event.
THE BIENNIAL AMENDMENT KILLED.
So there are two dates when this
remember, is
“
The most notable
political event of the past week is State,
particularly dis¬
and anxiety
the other is when it adjourns and relief super¬
more
turbed.
emphatically this city, is
One is when the Legislature meets
adjournment of the Legislature. We suppose that
begins;
are few people engaged in commercial pursuits
but feel at present that they could contemplate the venes; the interval is a term of what doctors would
future with satisfaction were there to be no more law¬ hysterical nervousness. Year after year the same schemes
patching for ten years to come. Charles Dickens once are “introduced”—as though familiarity had not made
remarked, as a pleasing proof of the progressive introduction unnecessary—are set up, to be
improvement in the human race, the fact that-each new down. Could measures have been framed more senseless
baby born is the finest ever known. What shall the and more disturbing, at the same time preserving
the
there
call
knocked
the
THE
1880.]
Mat 29,
than the vetoed Bank
Tax
bill, the Life Insurance Tax bill (recalled
and amended again), the Valued-Policy bill, and
others which deserve to meet a common fate ? The
subject of taxation has been treated with hardly more
dignity, thoroughness, and wisdom, than we should
expect to find in the ward primary meetings of any large
city. The Bank Tax bill was so mischievous that its
results began to manifest themselves even before the
Governor had opportunity to hit it; the dose was so
repugnant to financial health that the system exhibited
reactionary effects before it was swallowed. The session,
in a word, was certainly extraordinarily disquieting to
semblance of sanity and honesty,
business interests.
foregoing is painted in the severest hues
it is not an arraignment of individuals—it is only a
statement of the ordinary workings of a wrong system.
What need can there be of «o much law-making, that a
State shall be fairly kept in order and its people
have opportunity to do for themselves the best they
can in the struggle of life?
Such a question answers
itself, and the late date at which each Legislature really
begins to work proves it. Furthermore, it is a truth
that the less law-making we have in quantity the better
it is in quality, and the converse ; so experience in
twenty-nine of the thirty-eight States has shown. There
is ro argument lacking in favor of the change from
annual to biennial sessions; there is none against it,
except that it might “ winter-kill ” some of the pro¬
fessional politicians, who, however—if they must live
When all the
and cannot be made to
earn
their living—could be more
cheaply supported in a special asylum.
measure has been strangled.
And yet the
FAILURE.
No better evidence could be offered of the truth of
READING
RAILROAD
previous article, as to the stability and
strength of the industrial situation at the present time,
than is afforded by the suspension of the Philadelphia &
Reading Railroad.
Here is a corporation having,
together with its creature the Coal & Iron Company,
obligations outstanding amounting to almost $200,000,000.
Its securities are widely distributed, being scat¬
tered over two continents. The parties interested rep¬
resent all classes of society, from the small holders who
unwisely invested their little surplus in the road, hoping
thus to add ultimately to their savings, to the larger
holders who embarked in the enterprise on a business
our
remarks in
venture.
a
The influence of the failure is,
therefore,
very
large number of
persons it means diminished resources for many a day to
come, while to others it has dealt a blow so disastrous
far-rtaching in its consequences.
and cruel that it will need
To
a
prices, there have been periods during the week when a*
panic in the stock market seemed imminent, but at no*
time has this panicky feeling extended beyond the
stock to the general markets.
How different this result'
from what followed upon the announcement of the
failure of Jay Cooke & Co., in 1873 !
The circumstances now are much changed, however.Our weak condition then, consequent upon a long period
of over-trading and over-sanguine speculation, is well?
known.
Since that time we have lived through an era*
of reduced expenditures, small profits and moderate ex- .
pectations, or, as it were, we have been down to a fixed
diet, with regular habits and rational stimulants. In
1873, while the vital energies of the nation had been
strained to the utmost and the system become deranged
by a departure from well-established rules, it needed but
a
slight shock to prostrate the entire business commu¬
nity. Now we have regained our wonted strength—we
stand on a fixed and firmer basis, a new vigor has been
imparted to our industrial vitality, and a larger confi¬
dence is felt in the stability of things.
We are, there¬
fore, in a state to stand much severer blows than in
1873, and to be not at all disconcerted thereby, just a»
the pugilist receives the hard knocks of his opponentwith perfect complacency, assured that the rigid course
of training which he has undergone has given Iiin*
powers of endurance not previously possessed.
As to the failure itself, the explanation quite generally
given is, it seems to us, hardly adequate to account for
its occurrence now. To be sure, the floating debt was
large, and the funded indebtedness was simply enor¬
mous, conditions requiring wise management, indeed, to
avert ultimate ruin.
But why the concern should sus¬
pend at this time, when according to its own summaries*
it was showing a decided improvement in revenues oir
last year’s business, is not clear.
For the first four
months of its fiscal year, December 1 to April 1, it
reported gross earnings, from the Railroad and from the
Coal & Iron Company, of $8,133,783, against $6,069,149
in the corresponding four months of the previous fiscal
year, a gain of over $2,000,000. With such a statement
as this, does it seem
likely that the friends who helped
to carry the corporation so far through, would forsake
it now, when its business was exhibiting such gratifying
signs of progress ? If some of the company’s notes fell
due and it was found necessary to renew them would
not these parties feel less reluctant to grant aid than
formerly? Would they be likely to jeopardize their
own interest in the company, to the
extent of the paper
held by them, except there were good reasons for doing
Does it not rather seem that there must have been
so ?
other
causes
not
apparent on the surface,
the summation of all their these people to withhold further
and energy to recover from its effects. Besides
this, the disaster has exerted a very depressing force
upon the properties of the other anthracite coal-carrying
companies and has been the means of pushing stock prices,
which have been declining so steadily of late, to still lower
figures. How great the total decline has been will appear
from a statement on another page, already alluded to in
the article mentioned above, wherein it is shown that, tak¬
ing the highest prices in the early part of the year and
comparing them with those made this week, on all the
stocks sold at the New York Stock Exchange, a shrinkage
in values amounting to $200,913,259 has occurred.
Yet, such is the inherent robustness of our industrial
system now, general business activity has not been re¬
garded.
There has been much excitement at the Stock
Exchanges, and, in consequence of tfce large fall in
power
555
CHRONICLE.
were
these
causes
which induced
support? If so, what
?
present condition of the company’s affairs it is
of course impossible to obtain any official information,
but a statement has been circulated in certain quarters
In the
possibly give us a clue. This report states
that, when the demand for railroad iron was at its*
height, the managers of the Reading, finding that the
Coal & Iron Company’s rolling mill at Reading had
orders far beyond its capacity to fill, and anticipating a
large increase in the future, leased or bought two ad¬
ditional mills, one at Pottsville and the other at Dan¬
ville. They also made contracts, in Europe and America,
at the high prices then current, for enough old rails to
supply the supposed wants of the three mills during 1880^
the rails to be delivered and paid for at stated times.
Subsequently came the reaction in the iron trade, familiar
which may
THE CHRONICLE.
556
^L~
'
—
■
—
[Yol, XXX,
=1=
all, and the Reading could not sell its new rails except ! a larger scale, the magnitude of the venture grow¬
at a sacrifice ; while at the same time the old rails were ing
as the company’s needs grow.
Naturally a
structure composed of frail parts does not make a very"
being tendered it at the contract prices, about fifteen
dollars a ton above the market rates.
This, of course, strong whole, and sooner or later it comes down with a
to
rapidly augmented the company’s floating liabilities; and crash. In other instances the directors of a small but
not being able to obtain new loans to supply pressing well-paying concern become troubled with its and their
wants, it had to succumb. If these assertions are true— comparative insignificance, and set about to overcome
Then arise a series of expedients having this end in
and a paragraph in the bill in equity'filed in the Circuit it.
Extensions in every direction, often into new
Court of Philadelphia, saying that “ the unexpected view.
“
reaction in the iron trade has led to the present embar- and unexplored regions, are made.
These are repeated
“
rassed condition,” may offer some confirmation of them and multiplied until circumstances force a halt. The
The load is
—the company’s speculation in iron has ended as disas¬ result is the same as in the first instance.
too heavy to carry, and relief can only be found by
trously as its speculation in coal lands.
The failure will not prove an unmixed evil if its lesson throwing off a portion of the burden.
In either case the
is taken to heart by our railroad managers and officers. projectors of these magnificent enterprises almost invari¬
It matters little whether the speculation in iron, added ably escape without serious injury.
Such schemes as these can be and should be avoided in
to the speculation in coal, produced the final collapse or
Let the investor carefully and closely scru¬
whether the latter alone brought it on. It was specula¬ the future.
tion in affairs outside its legitimate sphere that did tinize any and all plans soliciting his aid, and let him
it—that is the essential point.
How the Reading refuse to give encouragement to endeavors that have
became interested in coal production as well as trans¬ no fair basis in reason. Let him not be misled by flatter¬
portation, is within the memory of all. The leading ing prospects, unlimited promises and large allowances.
consideration that .influenced the management was that If he does embark in an undertaking, let him make sure
that the managers do not attempt to do too much. If
a competing line might be built to the same coal-fields
and secure part of the Reading’s traffic.
To provide an extension is found desirable it should be made, but
Thus
against such a contingency, they made arrangements to care should be exercised that it is desirable.
buy the fields, and, as they could not do it directly, those that wish to float doubtful and unripe enterprises
organized the Coal & Iron Company. The unwisdom will be left without either moral or pecuniary support,
of the policy soon appeared, and has become more and we shall not again have to record the lamentable
apparent as the Reading has become more deeply consequences that flow from ill-advised endeavors.
involved in the Coal & Iron Company’s affairs. For
the last four years it has held $39,737,965 of the Coal
Pennsylvania Railroad.—This great - corporation adopted
the plan a few years ago of issuing monthly statements showing
Company’s bonds, in addition to the $8,000,000 of stock, the increase or decrease in earnings as compared with the pre¬
and had besides, on November 30, 1879, $5,177,919 of ceding year. It seems very strange that the company does not
issue a plain and direct statement of actual gross and net earn¬
the floating notes.
ings each month as compared with the preceding year. We
our
heed
lesson? We
Will
railroad directors
this
sup¬
We all learn more readily by our own experience than by the experience of others, and the
managers of corporations are no exception to the rule.
pose not.
^
Then human nature is
so
constituted that each
man
sup¬
think it must be an oversight in regard to this piece of routine
work which permits an important statement to be still issued
in such an obscure way that every person who reads it requires
a volume of last year’s Chronicle*in his pocket to find out what
the
company is really making.
statement
and we And out, after some calculations, that the company had
is just out,
The April
net
profits
on
all its lines, east and west, of $1,807,151, against
natural laws which have worked to defeat $934,362 in April, 1879 ; and for the four months, January 1 to
May 1, the company has had net profits of $3,896,764, against
plans of his neighbor, will somehow— $4,263,551, an increase of $2,633,213 this year. This is, we
the best exhibit that can be made by any railroad in
through the interference of a providence or some other believe,
the country. To clear away the obscurity and present the gross
agency—be suspended or held in abeyance in his case. and net earnings on the lines east of Pittsburg, and the net
Men refuse to see the similarity between their projects surplus each month on the lines west of Pittsburg, the follow¬
poses that the
the well-laid
and those that have been tried
with some difficulty, been prepared:
before, and the lessons of ing tables have,
ALL LINES EAST OF PITT8BURG <fc ERIE.
are thus being constantly repeated.
But if the managers of corporations fail to
history
Gross
1880.
earnings.
*
Net earnings.——■
t>- 1879.
1880.
1879.
$3,083^551 $2,543,424 $1,366,298 $1,019,531
be im¬ January
2,944,576.
1,232,182
1,172,986
February
2,538,039
March
2,603,068
987,223
3,278,186
1,511,248
pressed by precedents, the sorely-tried security holders April
3,488.366
2,630,022
1,495,582"
1,031,028
will not easily forget their own bad fortune, and their
Total
$5,605,310
$4,210,768
$12,794,679
$10,314,553
experience will not be entirely lost on others. And here,
ALL LINES WEST OF PITTSBURG * ERIE.
Net surplus above all liabilities for rentals, interest, <£c.
after all, lies the sovereign remedy.
No undertaking
1880!
1879.
Inc. in 1880.
January
$305,304
$161,727
$143,577
can even for a moment
struggle on without the support February
116,710
Def. 35,830
152,540
1
557,171
23,552
533,619
of the investing public; and with them, therefore, rests March
April
312,269
Def. 96,666
408,93a
the responsibility. Let them recognize it in the future,
Total....
$1,291,454
$52,783
$1,238,671
and let them not forget the policy usually pursued which
Missouri Kansas & Texas.—The St. Louis Republican of May
brings with it such deplorable results. The method of 24 says: “ It is learned from a leading railway man, in a posi¬
tion to know, that at the stockholders’ meeting of the Missouri
procedure is somewhat as follows. The managers of a Kansas & Texas Railroad held at Parsons, Tex., on Wednesday
corporation discover a weak point in their system. In¬ last (two-thirds of the stockholders being present -and voting),
stead of strengthening the feeble section in the best way they passed a resolution recommending that the M. K.|& T. road
be leased to the Missouri Pacific Railway Company for ninetypossible with the means at command, they neglect it nine years. To this end they further empowered the directors
of the
to make such lease, the Missouri Pacific agree¬
altogether, but seek to counteract its possible ill effects ing to company
pay interest on the first mortgage bonds, the surplus
by expanding their operations, either confining them¬ above that of the earnings to be turned over to the stockholders
selves to their own field, or, as in the case of the Reading, of the M. K. & T. R. R., to be disposed of under their direction.
It is also ascertained from a good source that the stockholders
going entirely out of their sphere into another domain of of the Missouri Pacific road some time ago authorized the
business.
If this process, as unfortunately happens directors of the road to make such a lease as implied in the
above resolution. This arrangement, when effected, gives Mr.
quite frequently, only serves to encumber the Gould a direct connection With the Texas system of railroads,
and
the M. K. & T. in closer connection than heretofore
system with another weak part, then the same withplaces
St. Louis; in fact, making it a St. Louis road, its para¬
hing is repeated again and again, each time on mount interests naturally belonging this way.”
.
.•
May 29,
==
===
i
CHRONICLE
THE
1880.]
=
■■■■
657
==
=
~
RANGE OF STOCKS FROM JANUARY 1
:
=r=
-ra
TO MAY 25, 1880.
presents a list of all the stocks of steam railroads now on the New York Stock Exchange list»
together with the total amount of their capital stock outstanding, which is seen to be $1,153,492,553.' The highest and
lowest prices for the current year, to and including May 25, are also given, and the per cent of difference between the
The table below
points reached. The last three columns show the lowest prices made on May 25, which was the culminating
day in the recent stock decline ; the difference between the highest point of the year and the lowest on May 25; and
finally the amount represented in round figures by this decline, which appears to be $200,91*3,250.
extreme
RANGE
IN
PRICES
OF STOCKS
AT
THE NEW YORK
STOCK
Range from January 1 to May 25
Lowest Price
of Stock
Outstanding.
$
Boston & New York Air Line, preferred..
Burlington Cedar Rapids A Northern....
Canada Southern
Cedar Falls A Minnesota
Central of New Jersey
Central Iowa, common
Do
1st preferred
Do
2d preferred
Central Pacific
Chesapeake & Ohio, common
1st
.«
preferred
2d preferred
Chicago <fe Alton, common
Do
preferred
Chicago A Northwestern, common
Do
preferred
Chicago St. Paul A Minneapolis, common.
Do
preferred
Chicago Rock Island & Pacific
Chicago Burlington A Quincy
Chicago Milwaukee & St. Paul, common
Do
preferred.
Chicago St. Louis & New Orleans
Cincinnati Sandusky & Clevel’d, common
Do
preferred
Cincinnati Hamilton & Dayton
Cleveland & Pittsburg, guaranteed
Cleveland Columbus Ciu. & Indianapolis.
Columbus Chicago A Indiana Central
.
li;244;250
Lake Erie & Western
Louisville New Albany A Chicago
Manhattan Beach Company
Michigan Central
Missouri Kansas A Texas
*.
Morris & Essex
Mobile & Ohio
Manhattan Elevated
Marietta A Cincinnati, 1st preferred
Do
2d preferred
Memphis & Charleston
Metropolitan Elevated
New York Elevated
<.
New York Central & Hudson River
New York New Haven A Hartford
New York Lake Erie & Western, common
Do
preferred
Do
preferred..
New York Ontario & Western, common...
Northern Pacific, common
Do
preferred
Nashville Chattanooga & St. Louis
North Wisconsin
Ohio & Mississippi, common
Do
preferred
Ohio Central
Panama
Philadelphia & Reading, common
preferred
Pittsburg Fort Wayne A Chic., guar
special
Pittsburg Titusville A Buffalo, common ..
Do
preferred..
Do
Peoria Decatur <fc Evansville
Rensselaer & Saratoga
Rome Watertown & Ogdensburg
St. Louis Alton & Terre Haute, common..
preferred.
Belleville & Southern Illinois, preferred
Do
Mar.
6
27*4 Mar.
0
116
127
97
110 *2
117
Mar. 33
Mar. 23
104
14
20
27
29
21
Jan.
Feb.
23
114
April 29
82% Feb. 24
•
.
.
.
"30%'
1,650,000
3,750,000
45*4
45
45*4
8,353,440
24
03
15
10%
1,590,614
103*2
12%
1,207,836
87%
9%
4%
1,348,983
861,024
00,000
>
*
24
106
0%
44%
15%
45%
187%
38%
18%
*113*2
60%
7*4
*38%
8%
25
99
23
2
7*4
21%
15%
71% Mar. 27
00 r
Jan.
10
23
22
Feb.
13
Feb.
13
24
24
20
42% Feb.
70
ISO
Feb.
Feb.
18%
8%
25
Jan.
2
110
49-% May
99*2 Jan.
9
91% Mar.
Mar. 31
25
39
45% Jan.
50
27
Feb. 25
12% Jan. 12
39% April 3
41
Jan.
•
68%
............
2
4
Feb.
21
....
...
•
..
•
5
Mar.
49*4 Jan. 27
110% Feb. 28
29*4 Mar.
8
57*2 Mar. 10
18
Jan. 12*
95
121
89,428,300
137
15,500,000
77,107,700
8,140,700
35,000,000
2,000,000
29,952,000
103*2 May 25
Jan.
3
127*4 Jan.
15
•
Mar. 31
48% Feb.
73% Feb.
2
2
31% Feb.
84
Feb.
19
19
30
60
128
22%
63%
19%
12%
1,742,053
609,963
100%
9%
2,610,000
97%
13%
6,500,000
120
44%
3,983,298
21
17%
1,190,000
20
75
20
21%
10*2
17*4
33*2
28%
21%
9%
16%
32*4
3,747,641
4,495,050
1,350,000
851,296
4,160,000
11%
894,379
41 %
10%
20%
May 11
April 29
11
•
7,000,000
5,293,100
2,300,000
2,468,400
1,250,000
190
April 13
72% Jan.
119*2 Mar. 23
28*4
120
35
31
Mar.
*22
Jan.
22
Feb.
Jan.
14
14
70*2 Jan.
14
9,768,400
1st
3,721,720
4,055,400
4,823,800
5,887,500
60*4 Mar.
83*2 Mar.
9
Feb.
28
preferred
St. Paul Minneapolis & Manitoba
Terre Haute & Indianapolis..
Toledo Peoria A Warsaw
Texas A Pacific
United New Jersey Railroad A Canal
Union Pacific..
Wabash St. Louis A Pacific, common
preferred
15
78%
i
55
3
Jan.
.
18%
54
......
.
75
May 17
28% May 25
100
May 24
-
12
24
0
3
Mav
7
May 18
May
7
May 12
39*2 April 3
92
April 2
112
April 2
122
155
9*2
......
15
8*2
18%
20%
May 25
23% Feb.
5,887,500
15,000,000
1,988,000
7,706,000
1,800,000
910,000
14 %
1*0
12,519,962
18%
26%
30*4
47
25
1,820,000
14%
0%
155,000
13,879,386
2,118,142
2,100,000
8
70
20
May 4
May 11
39% May 24
16
20%
15%
20%
40
20
4,492,890
8,760,000
00
May 25
68
60
68
4,471,201
23
May 25
21*2
26%
14%
23
21%
69%
17%
15
4,200,000
604,500
400,000
1,400,000
57% Jau.
14
168
2
May 11
2
17*4 May
24
55%
2
7*2
ii‘i
Jan.
10%
20
170
22
Jan.
40
8
70
Feb. 28
45*2 Mar. 29
83*4 Feb. 17
18"'May'
111
20
15
18%
118
’
53%
17,344,978
1%
197,144
31%
’
10*4
11
Jan.
17
Jan.
2
9
15
16
May 14
42*2 Jan.
2
65
April 21
35
71
May 11
47% Mar.
3
May
7
t 97% Jan. 19
161
30
May 13
48
Jan.
27
72% Jan. 27
17
100% Jan.
May 11
34%
22%
27*4
29
38%
21%
23%
01
22%
6,572,824
1,628,927
2,051,364
818,778
35
72
10%
588,750
11*4
647.625
80*4
26%
51*4
17%
21%
21%
8,629,574
4,200,000
4,200,000
10*2
12*4
May 25
26*2 May 25
51*4 May 25
100
Jan. 12
31*2
.
19
3
5
157*2 Mar. 25
80
*.
28
34% May 25
25*4 May 11
33
May 11
60
May 11
37
April 20
■
17%
3*2
17.%
21*9
21%
%
200,913,250
1,153,492,553
Ex-scrip dividend of 20 per cent April 10,1880.
162
8*4
14
3,000,000
20,490,400
50,762,200
20,000,000
20,000,000
112%
122*4
15*4
2
28
93
29
30*4 May 25
47
13%
25*4
0%
12
May 11
Jan.
101
'
'
preferred
—
20*4 May 1
.........
3
17
2
preferred..
13%
11*2
......
Jan. 14
Jau. 13
Mar.
5
44*2 Mar.
0
84% Feb. 24
28% Feb. 19
0,812,000
12*->
22
2
900,000
20,000^000
224,674
3,148,278
2,090,846
......
...
38% Mar.
109
21%
15%
20%
19%
17
97% May 25
9
May 13
20
May 14
80% Jan.
8
12
164% April
5,312,725
6,500.000
6,500,000
3,500,000
1,408,600
*11,781,693
2,772,707
982,359
2,834,100
1
22% May 25
63% May 25
158
2
112
61
10
26%
11*2
........
4,460,368
6 339 700
480 000
13,020,120
'
25
9% May 11
68*2 May 25
111% Mar.
4
20% Jan. 13
4,030,000
4,000,000
7,000,000
32,726,375
1,551,800
19,714,285
6,329,300
$
105,000
25%
15%
May 11
106 % JaD.
61
May
20
50,000,000
2,600,400
1,524,600
9,052,950
3,260,000
7,000,000
3,000,000
5,000,000
18,738.204
21,405,000
15,000,000
5,320,600
13,000,000
8,130,719
43,800,000
6,575,295
Fig'8.
48%
•
2
94% Mar. 22
25% Jan.
Feb.
Feb.
Do
•
Decline, in
Round
«
66
preferred
Total
m
50
10
9In
10
Jan.
m
16*2
44% May 25
149
3%
107
10%
10*2
10*4
.0
*113*2 May 25
06*2 May 25
99
May 10
on
15
16
May 25
87*2 May 11
60% April 10
194% April
152
Jan.
85% Mar.
107*2 Mar.
48
Jan.
Jan.
May 14
May 10
24% May 19
17
May
7
99*2 Jan.
2
8
April
May 12
May 25
May 17
Lowest
Per Ct.
10*2
21%
30%
34%
2
Jan.
03
15
Mar. 29
48
St. Paul <fc Sioux City, common
*
8
8,573,300
St. Paul A Duluth, common
Do
29
21,202,661
St. Louis Iron Mountain & Southern
St. Louis A San Francisco, common
Warren
Jan.
25% Mar.
100
40
50
40
14
45
1,500.000
Long Island
Do
8
35
•
Louisville & Nashville
Do
Do
Mar. 31
90*4 Mar.
87
1,998,400
000,000
9,168,700
5,083,024
7,950,000
1,550,000
7,722,900
29,00u,000
2,500,000
5,500,000
Do
preferred
Houston & Texas Central
Illinois Central
Indiana Bloomington & Western
International A Great Northern
Joliet A Chicago
Lake Shore & Michigan Southern
Keokuk & Des Moines, common
Do
preferred
Do
29
13,938,972
26,200,000
5,000,000
-
Frankfort & Kokomo
Hannibal & St. Joseph, common
Do
preferred
Harlem, common
„
80% Mar. 29
74*2 Jan. 14
14,991,800
Delaware Lackawanna A Western
Dubuque & Sioux City
Erie A Pittsburg
Per Ct.
110% Mar. 29
613* Jan. 15
Amount
Hiyh’st Price Represented
by this
of Year to
May 25.
ence.
*
3,500,000
2,240,500
5,500,000
15,000,000
1,587,000
18,503,200
2,100,000
907,000
1,167,800
54,275,500
15,600,138
5,447,803
7,038,965
10,065,300
2,425,400
14,988,097
21,525,002
4,000,000
1,000,000
20,980,000 ‘
31,004,450
15,401,201
12,279,483
11,336,400
4,500,000
429,000
3,500,000
May 25.
Differ¬
Lowest.
Highest,
Albany & Susquehanna
Decline from
1680.
,
Amount
NAMES,
Do
Do
EXCHANGE.
t Prior to consolidation.
THE CHRONICLE.
558
<,
■;
.
1
*
[Tol. XXX.
f^tattjelarjjs ©0rametxial ^nglislt fleurs
[From our own correspondent.]
There has been a
London, Saturday, May 15, 1880.
fair demand for money during the week,
both in connection with the
Stock Exchange and the general
to the Continent
during the week, and all the imports have
been absorbed for that purpose ; but there has been no import¬
ant movement at the Bank of England. The silver market has
been
steady, both for bars and dollars. The present quotations
for bullion are
subjoined:
GQILD.
8. d.
S. d.
gold, fine.
per oz. standard. 77 9^®
gold, containing 20 dwts. silver, per oz. standard. 77 II 'a)
per oz. 74 6 ® 75 0
Spanish doubloons
South American doubloons..
peroz. 73 9 -©
Bar
Bar
of trade. The rates of discount have not varied to
peroz. 76 3’^'cb
.any important extent, the minimum quotation being 2% per United States gold coin
German gold coin
peroz. 76
cent. This week’s Bank return confirms the very general
silver.
d.
d..
Bar silver, fine
per oz. standard. 52316 ^
impression that immediately-dearer money is not probable. Bar silver, contain’g 5 grs. gold pr oz. standard, last price. 52^1 q ®
The total reserve of the establishment has been augmented by Cake silver
peroz. 56B16 ^
peroz. 52*8 -g)
Mexican dollars
nearly £516,000, and the proportion of reserve to liabilities has Chilian dollars
peroz
Quicksilver, £6 15s. Od.
Discount, 3 per cent.
risen from 46*36 per cent to 48 per cent/ There is, at the same
In consequence of the miscalculation as to the expense of the
time, a diminution in the total of “ other securities” of £301,495, and consequently, from a financial point of view, the Afghan War, the Indian Government give notice of the issue of a
return is regarded as very satisfactory. Compared with last loan for £3,130,000, to be tendered for at Calcutta not later than
year, however, the position of the money market is decidedly the 14th of June. * It is expected that the loan will be chiefly
more encouraging.
The rates of discount are still low, but subscribed for in this country.
With improving trade and less depressed prices, the inevita¬
there is not that tendency to depression which has characterized
strikes have commenced, and in Blackburn and the district
ble
the summer months for some years past. The supplies of float¬
ing capital have unquestionably diminished, owing partly to there are now some 30,000 idle hands. Great efforts were made
the improved condition of business and to the advance which to postpone the. demand for higher wages, but the men were
has taken place in the value of goods and securities during the determined, though it is not expected that the movement will be
last six months. It is perhaps possible to take a less favorable of long duration.
The following are the current rates of discount at the prinview of the future course of the market, as in the event of the
.-sanguine views which some persons entertain with regard to cipal foreign markets:
Bank
Open
Bank
Open
the development of our trade and of general enterprise prov¬
market.
rate.
market.
rate.
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
ing correct, the market might very speedily assume a condition Paris
4
4
2^8^238 Genoa
* 213
4
31a®4
Geneva
23*5) 3
3
of considerable stringency. As we approach the close of the Amsterdam...
3 @314 Madrid, Cadiz &
Brussels
3ia
4 @5
4
Barcelona
year should there be improved means for the employment of Berlin
4
2*8® 278
6
53t®6
Lisbon
&
4
2*a@23*
Oporto.
money, at higher rates of discount, the activity which has Hamburg
4 W*
4'2>41a
2L>®2% Copenhagen
4
Frankfort
5 ©6
characterized the stock markets of late will disappear, unless it Vienna
4
358®378 New York
6
Calcutta.:
6
4*a@5
St. Petersburg
can be proved that an increased trade will increase the divi¬
in
the United
value
wheat
in
of
the
The steady advance
dends on railway property, so as to enable investors still to
secure a satisfactory rate of interest.
The dividends which States has caused a rather firmer tone to prevail here, but there
has been no rise of importance in the quotations. Holders
were paid for the half-year ended December 31 last occasioned
have succeeded in obtaining rather more money, but millers
Some surprise ; but it was speedily discovered that the distribu¬
tions of profits which directors were enabled to make wrere buy with extreme caution, and there is no activity in the trade.
increased not by any improvement in traffics, but by the sale of The weather is very fine, but there is no rain, and there seems
purposes
.
....
—
....
....
...
..
1
...
...
...
...
....
...
...
:
accumulated stocks of old iron, which were freely disposed of
during the autumn months.
Such pieces of good fortune
cannot be of very frequent occurrence, and, in order to main¬
tain their dividends for the current half year, legitimate busi¬
ness will have to be relied upon, and to some extent this has
been satisfactory ; but railway shares only yield the investor
ahout 4 per cent, so that if money should advance to that point,
-and ultimately exceed it, capitalists will realize, and some
weakness in the market may become apparent. Sound British
railway shares are, however, likely to continue in demand,. as
the majority of such undertakings are now worked at a very
low rate, and there seems to be no doubt that there will be a
•decided increase in the traffic—both passenger and goods—during
the year, trade being better, and there being every prospect of
augmented movements in agricultural produce. The following
are the present quotations for money :
^
Per cent.
3
Bank rate
■
Open-market rates—
30 and 60 day«’bills
Open-market rates —
27s®3
278@3
3 months’bills
Per cent.
4 months’ bank bills
3 *8® 3*4
6 mouths’ bank bills
33s'a)312
4 & 6 months’ trade bills. 3^2 wi
The rates of interest allowed
discount houses for deposits are
by the joint-stock banks and
as under:
with 7
Annexed is
2
2
or
14 days’ notice
2*4
statement
showing the present position of the
.Bank of England, the Bank rate *of discount, the price of Con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, and the Bankers’ Clearing House
:>return, compared with the three previous years :
a
_
.
'
‘
Circulation, including
1880.
1879.
1878.
£
£
£
Bank post bills
27,529,340 29,651,516 26,019,777
Public deposits
7,217,639
7,131,197
6,726.485
‘Other deposits
25,581,346 29,498,741 21,417.030
Governing securities. 15.664,230 14,675,257 15,556,488
;
Other securities
19,148,443 20,972,066 19,914.371
Res’ve of notes & coin 15,854,724 19,046,477 10,627,882
Coin and bullion in
both departments.. 28,098,519
Proportion of
48 04
3 p. c.
99
Eng. wheat, av. price
46s. Od.
Mid. Upland cotton..
6Hied.
Clearing-House ret’n. 94,914,000
There has been
33,414,852 23,358,427
1877.
£
28,812,530
6,657,403
21,203,571
15,364,904
19,365,162
11,514,653
24,993,663
reserve
to liabilities
Bank rate
Consols
a
of
a
dry season.
During the week ended May 8, the sales of home-grown
in the 150 principal markets of England and Wales
amounted to only 23,900 quarters, against 57,477 quarters last
wheat
and it is estimated that in the whole kingdom they were
in 1879. Since harvest
the sales in the 150 principal markets have been 1,105,130
quarters, against 1,975,276 quarters ; while it is computed that
they have been in the whole kingdom 4,420,520 quarters,
against 7,901,000 quarters in the corresponding period of last
season, showing a deficiency of about 3,500,000 quarters. With¬
out reckoning the supplies furnished ex-granary at the com¬
mencement of the season, it is estimated that the following
quantities of wheat and flour have been placed upon the
year ;
95,600 quarters, against 230,000 quarters
British markets since harvest:
1879-80.
Imports of wheat.cwt.42,746,014
Imports of flour
7,296,765
Sales of - home-grown
51-47
2 p. c.
3 p. c.
983*
40s. 9d.
96*4
52s. 4d.
7d.
6d.
84,262,000
37-33
40*4
3
p. c.
93 78
65s. 7d.
5%d.
86,828,000 108,773,000
moderate demand for
gold for exportation
1878-9.
1877-8.
1876-7.
34,005,965
6,208,007
40,275,793
27,281,004
4,581,840
6,254,125
19,155,600 34,238,116 27,211.950 29,053,236
produce
Total
....69,198,379
Deduct
of
exports
wheat and flour
1,027,388
74,452,088
73,741,868
60,916,080
1,329,040
1,400,499
723,056
68,170,991
73,123,048
72,341,369
60,193,024
wheat for the season.
47s. Od.
Visible supply of wheat
in the U. S
bush.22,300,000
40s. 5d.
52s. 7d.
50s. 6d.
15,108,416
8,394,883
5,969,105
Result
Av’ge price of English
Joint-stock banks
discount houses at call
Do
to be indications
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the first of September to the close of last week, compared
The
with the
corresponding period in the three previous seasons:
imports.
1879-80.
cwt.42,746,014
Wheat
Barley
Oats
Peas
Beans
Indian
Flour
11,198,006
1
„....
9,459,304
1,467,400
1,785,099
-19,023,907
com
7,296,765
1878-9.
34,005,965
8,372,941
7,365,855
1,096,390
884.024
22,499,864
6,208,007
1877-8.
1,256.748
2.453,328
22,628.499
6,254,125
EXPORTS.
1878-9.
1877-8.
911,743
1,231,401
1,347,614
21,185
91,907
40,985
307,514
97.639
16,953
16,967
180,227
52,885
1879-80.
cwt.
Wheat
Barley
Oats
Peas
Beans
Indian
Flour
The
78,458
86.219
;
com
34,420
391,063
115.545
66,971
13,420
10,467
913,022
3,310,679
23,173,367
4,581,840
1876-7.
687,878
59.773
following return shows the extent of the
and flour into the United
1876-7.
27,281,004
10,087,760 10,314,806
6,819.666
7,899,786
40.275.793
43,785
82,393
20,952
24,717
377,651
35,178
imports of wheat
Kingdom from September to
April*
Cwt.
1,032,220
5,414,890
11,020,274
993,344
1,487,993
506,325
165,973
501,866
1,197,923
2,689,062
877,125
31,643,732
37,855,253
24,849,780
18,286,235
1,643,884
3,016,266
2,034,284
Germany
France
8,713
153,061
132,017
244.104
596,926
6,093
1,251,519
Chili
860
Turkey, &c
1,905,151
Egypt
British India.... 1,335,670
Other countries.. 1,207,769
Ttotal
40,214,600
1876-77.
Cwt.
5,372,751
19,991,558
2,698,615
4,477,064
61,103
182,596
192,138
474,285
3,600,803
804,340
6,530,306
Russia
3,612,506
United States... .25,868,912
Brit. N. America 2,991,776
FLOUR.
From—
1879-80.
Cwt.
1878-79.
Cwt.
679,872
646,264
Germany
212.362
United States
4,785,188
Brit. N. America
257,594
Other countries.. 1,151,073
Annexed is
a
1876-77.
Cwt.
693,217
958,557
1,279,432
146,890
1,092,879
1,128,248
231,900
760,830
3,381,938
2,239,783
France
Total
1877-78.
Cwt.
245,215
186,413
1,481,810
1,699,251
6,073,327
4,176,175
7,086,089
5,928,375
return giving an estimate of the value of our
viz., from September
April, inclusive,, compared with the three preceding seasons:
imports of cereal produce since harvest,
to
1878-79.
1 877-78.
£15,642,196
3,280,321
2,296,544
385,492
309,845
5,613,570
£23,326,726
4,432,312
2,745,054
496,445
917,291
6.988,277
4,750,190
5,569,787
6,745,753
3,493,355
£32,278,158
£44,475,892
£32,297,181
1879-80.
£23,665,859
4,968,295
3,121,150
568,855
694,143
Wheat
Barley
Oats
Peas
Beans
Indian
Flour
,
5,599,940
5,964,003
com..
£44,582,225
Total....
The > value of
our
1876-77.
£13,824,771
3.898,311
2,777,997
356,360
,
1.200,634
imports of cereals for the current season
already exceeds that of the previous season by <£12,300,000.
English Market Reports—Per Cable.
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England has increased £214,000 during the week.
The
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
May
May
May
May
May
May
22.
24.
25.
26.
27.
28.
9931(J
99516
99316
Consols for account.... 99516
U. S. 5s of 1881
U. S. 4*38 of 1891
U. S. 4s of 1907
common stock
Illinois Central
52*8
52*16
995iq
995ia
995i6
9938
105
105
105
111
1103*
1093*
35*8
1103*
1093t
11034
109 3i
33 78
103
343s
104
101126
51*3
Ills
127*3
104
50
10
127
105
50*3
Pennsylvania
Philadelphia* Reading. 14^4
125
New York Central
52il6
105*8
1093*
343*
Erie,
52i16
99316
99516
52te
d. 52*8
Silver, per oz
Consols for money
997{a
993a
105
111
104 V
1U*£
110*4
34*3
104*3
110*3
10534
52
ll78
Mon.
d.
8.
14
10
1
9
9
6
10
7
10
9
9
3
10
1
5
0*2 5
2
Sat.
8.
d.
Flour (ex. State) $ cent’l. 14 0
Wheat, No. I,wh.l00 lb. 10
“
9
Spring, No. 2...
“
10
Winter,West.,n.
Southern, new.
“ 10
Ay.Cal. white..
California club.
“
“
9
10
Com,mix.,W.old#centT 5
do
do
new.
5
“
8.
14
10
9
10
10
9
10
5
5
Thurs.
Wed.
Tues.
d.
0
8.
14
1
10
9
9
10
6
10
7
9
9
10
3
1
5
0*3 5
d.
0
0
9
6
7
9
3
1
Fri.
d.
8.
d.
0
14
0
10
9
9
6
10
10
7
8
9
3
10
1
5
0*3 411
8.
14
10
9
10
10
9
10
5
5
0*3
69
Thurs.
8.
d.
59 0
34 0
35 0
65 0
36 3
70 0
Fri.
d.
59
34
35
65
36
70
Wed.
Thurs.
Fri.
d.
d.
Wed.
Tues.
d.
8.
61 0
34 0
35 0
68 0
36 3
69 0
8.
60
34
35
67
36
69
d.
0
0
0
0
6
0
Pet’leum, ref. # gal... @
Pet’leum, spirits “
..
®
Tues.
d.
Mon.
d.
..
.
®
rb
6*8
..
@
.
.
.
.
.
.
6*3@6*4
®
.
.
..
@
-
-
St. Jago de Cuba..
Santiago
London
Westphalia
$3,838-
Mex. silv. dote.
22,500
3,120-
Mex. silv. dote.
Eng. gold coin.
68,913
Liverpool
Hamilton
Total for the week ($107,151 silver and $10,083 gold)
,831,323 silv. and $1,570,108 gold).
*'■
Previously repoi>rted ($l,f
“
*
($1,988,474 silv. and $1,590,191 gold)
Same time in1879
$8,205,268
1878
7,818,450
1877
15,268,782
1876
24,095,017
as
6,963
$117,234
3,451,431
..
$3,568,665-
..
Same time in-
Same time in1875
$31,695,097
1874
21,517,985
1873
21,146,737
1872
26,717,264
imports of specie at this port for
The
2,700
‘
Tot. since Jan. 1, ’80
been
9,200
Eng, gold coin.
Ger. silv. coin .
Hamburg
22—Str. Patagonia
22—Str. Bermuda
^ cbiLsilv. dote! }
Mex. silv. dote.
...London
Weser
$34,395,861
1871
1870
1869
1868
13,452,663
13,116,354
37,159,712
the same periods have-
follows:
May.
Nova Scotia
17—Str. Alhambra?..
17—Str. Acapulco ..,
Am. silv. coin..
$666
coin..
gold coin..
3,314
U. S. of Colombia...Am. silv.
2,500
2,605
2,230
Am.
For. silv. coin..
Gold bullion...
Silver bullion..
270
560
Am. silv. coin..
Am. silv. coin..
Hayti
19—Schr. Clotilde
Andes
West Indies
34,827
877
Am. silv. coin..
For. silv. coin..
Silver bullion..
Am. gold coin..
Am. silv. coin..
City of New York .Mexico
Saratoga..
Mexico
Augustus).
.Venezuela
Bermuda
British West Indies.For. gold coin..
Porto Rico
Am. silv. coin..
147,442
225
2,950*
779
1,137
Am. silv. coin..
Etna
Germany
22—Str. Donau
22—Str. City of Vera Cruz .Mexico
1,975
gold coin..
Am.
1,565
248
34,060
Am. trade dote.
8,181
1,804
For. silv. coin..
For.
gold coin..
Previously reported
$13,024 gold)
($2,072,783 silv. and $1,246,384 gold)
$248,222
3,319,167
Tot. since Jan. 1, ’80
($2,307,981 silv. and $1,259,408 gold)
..$3,567,383
i$235,198 silver and
Same time in—
Same time in—
$4,182,383
11,541,317
6,843,755
1,683,781
$6,299,916
1875
1874
2,280,541
1,787,481
706,535
1873
1872
following table shows the receipts
Sub-Treasury in this city, as well as the
for each day of the past week:
1871
1870
$3,043,880-
1869
8,807,883
1868
3,241,313
6,987,090
and payments at the
balances in the same,
Balances.
Receipts.
Payments.
901,400 96
1,183,674 98
1,393,855 94
Currency.
Gold.
$
“
“
8.'
®
®
with the corresponding
parison of the total since Jan. 1, 1880,
totals for several previous years:
“
“
24...
25...
26...
27...
28...
1,018,667 25
1,197,596 81
Total
438,082 45
607,240 94
915,869 35
1,597,156 88
1,050,183 74
4,205,294 52
6.680,874 99
8.816.561 66
988,412 83
92,645,717
92,806.737
93,128,806
93,138.301
91,053,157
90,855,550
26
92
75
55
01
02
8,149,297
7,613,188
8,050,534
8,349,667
7,826,674
86
51
04
65
55
8,086,052 25
BANKING AND FINANCIAL.
London Petroleum Market.—
Sat.
d.
$148,566,272'
The following will show the exports of specie from the port *
of New York for the week ending May 22, and also a com¬
May
22...
“
Mon.
d.
8.
61
34
35
71
37
Sat.
d.
Pork, West. mess. .$bbl.6l 0
Bacon, long clear, cwt. .34 0
35 0
Short clear
“
Beef, pr. mess, $ tierce.71 0
Lard, prime West. $cwt.37 0
Cheese. Am. choice “ 68 0
$8,859,553'
101,872,011 133,702,070 121,124,235 139,706,714
The
Liverpool Provisions Market.—
8.
"$5,372,627
$6,665,896
l.$106,699,601 $140,367,966 $126,496,862
Total s’ce Jan.
1879
1878
1877
1876
Liverpool Cotton Market.—See special report on cotton.
Liverpool Breadstuff8 Market.—
1880.
1879.
1878.
1877.
$4,827,590
For the week....
Prev. reported..
Same time in-
129
128*3
2109—Str.
EXPORTS FROM NEW YORK FOR THE WEEK.
Total for the week
35*8
52
12
report of the dry goods trade will be found the import®;
dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 25:
the three
1877-78.
Cwt.
1878-79.
Cwt.
.
our
of
WHEAT.
1879-80.
12089—Str.
In
principal
inclusive, together with the countries whence the
supplies were derived, a comparison being made with
e
previous seasons:
From—
55^
THE CHRONICLE.
1880.]
Mat 29,
gp As a good paying
..
Investment we offer tbe
FIRST MORTGAGE
..
BONDS
of the
©tfttxmexxial atitlfptfsccllatteatts Hexus.
NEW YORK
WOODHAVEN <fe ROCK AWAY
Interest Seven per cent per
Exports for the Week.—The
imports of last
compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $11,678,699, against $9,480,455 the pre¬
ceding week and $11,872,362 two weeks previous. The exports
for the week ended May 25 amounted’ to $8,859,558, against
$9,171,858 last week and $7,704,922 two weeks previous. *The
following are the imports at New York for the week ending
(for dry goods) May 20 and for the week ending (for general
merchandise) May 21:
Imports
and
week,
FOREIGN IMPORTS AT NEW YORK
1877.
Dry Goods....
1878.
6,038,421
$846,949
3,413,583
Total week
$6,782,681
Frev. reported.. 128,829,644
112,722,137
General mdse.
$714,260
$4,260,532
Principal due in
TOTAL AMOUNT
OF ISSUE,
New York City.
1909.
$1,000,000
-
remains unsold.
This road will be completed by June 1, and will control the entire
railroad travel from New York to Rockaway Beach, where the finest
sea-side resort in the world is then to be opened to the public.
The running time from New York to Rockaway will be but twenty-fiv e
FOR THE WEEK.
1880.
minutes, and the road and its appointments are of the highest character.1879.
$1,811,760
$1,019,354
We offer these bonds at 106 and accrued interest.
4,424,475
9,866,939
Investors can obtain full particulars and information at our office.
$5,443,829 $11,678,699
120,847.902 197,946,763
Total s’ce Jan. l.$135,612,325 $116,982,669 $126,291,731
Payable January 1 and July 1, in
RAILROAD COMPANY
Annum,
$209,625,462
Of which
amount less than one-half
FISK & HATCH,
No. 5 Nassau Street,
New York.
THE
560
xt
CHRONICLE.
^Bankers7 da^elle.
NATIONAL BANKS ORGANIZED.
No national banks
organized during the past week.
[Vol.XXX,
Sub-Treasury aggregated §7,324,500.
The following awards
§50,000 fives of 1881 at 103*325; §25,000 sixes of 1881
at 107*03;’§925,000 sixes of 1881 at 107'05; §2,000,000 fives of 1881
at 103*33.
Total, §3,000,000.
The closing prices at the New York Board have been as fol¬
were
made
lows
:
:
DIVIDENDS.
Tlie following dividend lias recently been announced:
Per
Cent.
Name of Company.
Railroad.
CMc. Burl. & Quincy (quar.)’
Tlie
of
$2
When
Books Closed.
Payable.
(Days inclusive.)
June 15
June 1 to June 17.
FRIDAY, MAY 28, 1880-5 P. M.
Money Market and Financial Situation.—At the date
last
writing,
week ago, the financial market had just
met the shock occasioned by the Philadelphia & Beading sus¬
pension. The effect of such a failure could not avoid having
an extended influence, and the decline in the stock market
which followed almost amounted to a panic at the severest
point of depression on Tuesday, the 25th inst. From that
point there has been a decided recovery, both in tone and prices,'
and the feeling is quite general now that the lowest prices of
the long-continued stock decline were reached on that day.
There is no particular group or class of stocks belonging to com¬
panies which have a similar sort of business in which any dis¬
aster happening to one could so affect them all as the coal-road
stocks; and as the one weak point (which Was known to be
weak) has now- been probed, the situation is much clearer, and
the confidence in stocks at present figures is much more reason¬
able than when they were 20 per cent higher; and under this
impression it is believed that there has been considerable buy¬
ing of stocks by long holders. The reports of railroad earnings
keep up very well, and the Pennsylvania Railroad statement
for April, just issued, shows a wonderful increase in net
profits,
our
a
both for the month and for the first four months of the year;
the net receipts from Jan. 1 to May 1 this year on lines east and
west of
Pittsburg amount to §6,896,764, against §4,263,551 last
year—an increase of §2,633,213.
The money market works very easily, and on Government
bonds 2(5)3 per cent is quoted for call loans, while on stock col¬
laterals the range is 3@5 per cent. Prime commercial
paper is
now
quoted at 4/£@5 per cent.
The Bank of England statement, on Thursday, showed a
gain of £214,000 in specie during the week, and the percentage
of reserve to liabilities was 47 9-16, against 43 3-16 the week
before.
The discount rate is still 3 per cent.
The last statement of the New York City
Clearing-House
banks, issued May 22, showed an increase of §3,681,650 in their
surplus above the legal reserve, the total surplus being §13,r919,975, against §10,238,325 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
May
May
May
22.
24.
25.
26.
May
reg.
&L J.
& J.
Q.-Feb. *l<>3is *10310
Q.-Feb. 103% 103 38
reg. Q.-Mar. *108% *10858
*
coup. Q.-Mar. *10958 109ie
reg. Q.-Jau. *10758 3 0778
coup.
1907..
1907..
cur’cy,
cur’cy,
cur’cy,
cur’cy,
cur’cy,
coup. Q.-Jan.
189 5.. reg. J. & J.
1896.. reg. J. & J.
1897..reg. J. & J.
1898..reg. J. & J.
1899.. reg. J. & J.
107 %
*126
*126
*126
*127
*127
*10519 *104
*1051q *104
10710 1065s
107i« 106%
*10314 1033a 10278
*103% *10338 *102%
*108 »4 108 76 *108ie
*109% *10978 110
107% 1O770 1085s
*107% *1O770 108*2
10734
*126
*125
*126
*126
28.
1041*
10412
1065s
1065s
*1 027s
*10278
*10938
*11038
*10812
*127
109
126
*126
*126
*126
*12738 *127^ *127
*126
....
*126
*126
*127
*127
May
27.
*104'7@ *10478 *105
*10478 *10478 *105
reg. J. & J. *1067s *10678 *107
*107
coup. J. & J. *10678 107
4*28, 1891
*
May
reg. J.
J.
6s, 1880..
6s, 1880..
6s, 1881..
6s, 1881..
5s, 1881..
5s, 1881..
4%s, 1891
4s,
4s,
68,
6s,
6s,
6s,
6s,
Interest
Periods.
*126
*126
*126
*127
"126
*126
*126
This is the price bid; no sale was made at the Board.
The range in prices
of each class of bonds
lows
since January 1, 1880, and the amount
outstanding May 1, 1880, were as fol¬
:
.
Range since Jan. 1, 1880.
Lowest.
6s, 1880
6s, 1881
cp. 102% Jan.
cp. 10410 Jan.
5s, 1881
cp. 102% May
4%s, 1891. .cp. 10638 Jan.
Jan.
4s, 1907
cp. 103
6s,cur’ncy.reg. 125 Apr.
Amount May 1, 1880.
Highest.
13 10478 May
7 10710 May
5 10410 Apr.
2 110
May
2 109
May
21 12612 Feb.
Registered.
Coupon.
20
$13,469,000
$3,244,000
26
28
173,493,550
290.379.800
170.246.800
59,000,800
202,509,500
79,753,200
213,422,600
27
28
17
525,900,250
64,623,512
Closing prices of securities in London for three weeks past and
since January 1, 1880,were as follows:
the range
May
14.
U. S. 5s of 1881
U. S. 412s of 1891
U. S. 4s of 1907
May
May
21.
28.
Range since Jan. 1,1880.
Lowest.
Highest.
105
10510 10 470 x04i2 Apr.
xlO% 111
11112 1O970 Jan.
15 1O670 Jan. 12
2 111% Apr. 10
10912 10934 110% 106% Jau. 2 110% May28
State and Railroad
Bonds.—Transactions
in State bonds
have been small.
Virginia consols are very strong, and Ala¬
Georgia bonds well held. Railroad bonds have shown
some activity for the speculative classes, particularly Erie
second consolidated, which sold down heavily in sympathy
with the stock market, and closed to-day at 85/6, although 3
per cent interest will be paid on these on June 1.
The following securities were sold at auction :
bama and
Shares.
Shares.
93 N. Y.
Co
65
Nat.
Floating Dry Dock
105
Newark
aud
58
Co... 73
Bonds.
Banking
Co
136SH37
50 N. Y. & Harlem HR...... 170
25 Manhattan Gaslight Co.,
ex-div
186
Railroad
100 Second Av. HR
25 N. Y. Loan & Impr.
$2,000 State
Miscellaneous
of Ala. 8 per
due 1893,
March, 1874, coupons on. 15%
cent
bonds,
Stocks.—The stock market
..
1880.
-
May 22.
Differences fr’m
previous week.
1879.
May 24.
.
1878.
May 25.
Loans and dis. $272,250,800 Dee.$6,323,400 $257,636,500 $233,997,200
56,831.900 Inc.
Specie
553,900
18,802,400
19,827,100
Circulation
20.304.000 Dec.
194,400
19,856,600
20,005,800
Net deposits
258,325,700 Dec. 2,750,200 227,345.600
..
.
Legal tenders.
Legal reserve.
21,669,500
Inc.
$64,531,425
Dec.
Reserve held.
Surplus
2,440,200
Inc
198,985,300
44,023,900
$687,550 $56,336,400 $49,746,325
78,501,400 Inc. 2,994,100
$13,919,975
43,284,900
.$3,681,650
62,087,300
63,851,000
$5,250,900
$14,104,675
United States
Bonds.—There has been a decidedly active
business in United States securities, and this has been occas¬
ioned
by the growing ease in the money market, and also by
the following letter from Secretary Sherman :
General Thomas
Treasurt Department, May 26, 1880.
Hillhouse, Assistant Treasurer United States, New
York:
Sir—I
am
not satisfied witli tlie
compelled to
prices that the Department has been
purchased, and am disposed to
four-and-a-lialfs, which, at mar¬
pay for the bonds recently
extend the call for bids to tke fours aud
ket rates, will pay the Government a better interest. I have no fear
but that Congress will provide means for the
payment of the bonds as
they mature, and am quite sure the hope of the holders of bonds that
they wiH run longer than maturity is unfoimded.
You will therefore please give notice that next
Wednesday, and every
Wednesday thereafter until further notice, the Department will receive
has been active and excited, and on
Tuesday morning the de¬
Not a single
failure of any importance has occurred among stockbrokers,
and the careful manner in which their business has evidently
pression was so great that a panic seemed imminent .
topic of some favorable comment. The
Philadelphia & Reading failure has, of course, been the central
point about which everything has revolved, but until the Re¬
been conducted is the
ceivers make their full exhibit of the affairs of the company,
we shall not know very much more about its precise condition
than
the
was
As to
to be little
cannot now be
shown in the balance sheet of Nov. 30,1879.
general effect
upon
the coal trade, there
seems
doubt that it will be wholesome, as this company
pressed by immediate claims, and the Receivers will proba¬
bly do their best to make as large net profits as possible.
From the lowest point on Tuesday there has been a very
large recovery, and while a great deal of buying has unques¬
tionably been for the short account, there has no doubt been
much heavy purchasing by those who mean to hold stocks for
the long account, and also by those who have purchased and
paid for their stocks and taken them out of the market. In
the absence of any great speculative movement, which is not
now ‘anticipated, it will take a little time for matters to adjust
themselves and for the holders of stocks to be
thoroughly
changed, and the foundation thus laid for a new move to¬
ward
bids for the four and four-and-a-half per cent bonds of the United
higher prices. On another page will be found a very
States,
as well as for those of the
description heretofore purchased. Very re¬ elaborate table, which has been compiled to show the entire
spectfully,
John Sherman, Secretary.
movement in railroad stocks during the current year to May 25.
This, the bankers say, means an advance in the four per cents The extent of the decline from the highest point made since
if they are brought into the
regular sinking fund purchases. Jan. 1 to the lowest on Tuesday, May 25, represents a total
At the purchase on
Wednesday the offers to sell bonds at the falling off in nominal values of §200,913,259.
'
*
Mat
THE s CHRONICLE.
39, 1880.]
The daily
highest and lowest prices have been
Saturday’
May 22.
Am.List. Tel. 75%
Atl.&Pac.Tel. 37
Canada South. 48%
Cent.of N. J.. 00%
Cent. Pacific.. 05
Ches. & Ohio.. 15%
Do 1st prf.
•Do 2d prf..
Chic. & Alton. 100
Chic.Bur.A Q. 114%
Chic.M.&St.P. 09%
Do
pref. 10034?
Chic. &N. W., 8 "A
Do
pref. 105%
Chic.R. I.& P. *102
Cb.St.L.&N.O. 24%
Chic.St.P.&M. 48%
Clev.C. C.& I. 09%
Col.Chic.&l.C. 10%
Del. &H. Canal 08 %
Del. Lack. & VV. 73 %
Han.& St. Jo.. 2 *%
Do
pref. 07%
Hous.&Tex.C. 53%
....
70
77
70%
35% 37%
49
50%
5034 63%
37%
52
03%
05
10
...
is
....
15%
70
34
May 20.
70
77
30%
48% 52%
45
5334
03
03
15
•
....
15%
.
•
•
•
.
.
.
.
t
.
.
.
.
•
,
15%
*20
•
.
103% 105
100% 10536 100
114
115
113% 114
115
71
71% 07%
00% 70%
100
99
’-00% 99
100%
91% 88% 9134 87% 91
100
100
100% 100% 100
195
187% 189
24
23
24%
49
47
4834 44% 4o
01
04
09% 03% 08
11
1034 10% 10
1034
07
70% 63% 70% 00
75% 08% 7534 08% 73%
24% 22% 24%
2534 23
00
09
08% 03% 00%
54
53% 54
*50% 50
100% 101%
Illinois Cent.. 10 i
102% 100% 102
23
Lake Erie&W. 23
2234
21% 22% 21
Lake Shore.... 100% 10!% 99
101% 97% 100%
120
125
Louisv.&Nash 123
120% 120 120
Manhattan.... 20% 27
25% 27% 2534 20%
7
7
Mar.&C.lst pf.
0%
0%
Do
2d prf.
70
75
78
77
Mich.Central,.
78%
78%
14
Mobile* Ohio. 14
13% 14%
13% 14
Mo.Kans. &T. 29% 3034 28% 30-4 23% 29%
100
Mor.& Essex.. L01% 100
105% 101
104%
03
Nash.Ch.&StL 00% 08
05% 00*. 00
20
20
NewCent.Coal
21% 22%
125
N.Y.C. A H. K. 124
122% 124% 12234 125%
N.Y.L.E.& W. 34
35% 32% 35% 3034 34
47
57
52
Do
pref. 50% 50% 53
27
25
N.Y.Ont. & W. 20
20%
2534 27
20
20
Northern Pac.
21% 20% 223-4
21%
43
42
40
Do
39%
43%
pref. 41%
Ohio Central..
17% 17%
Ohio & Miss... 25
25%
20% 23% 2034 23
08
09
70
Do
09% 09%
pref. 70
32
Pacific Mail... 30% 31% 29%
29% 32%
*
.
77
08
....
....
....
*10%
105%
114
00%
*99%
9034
100
190
*23
....
St.L.A.&T.H.
Do
pref.
St.L.I.M. & So.
St.L.& S.Fran.
Do
pref.
Do 1st prf.
St.P.&SiouxC.
,
Do
pref.
*
185
....
...
....
»
42%
03% 03%
30
30%
02
35%
73
....
1%
8334
Wab.St.L.A P.
Do
pref.
West. Un.Tel.
20%
are
170
18% 22%
*12
....
3034 41%
30% 31
41
42%
32
43
Union Pacific.
These
20J4
....
40%
40
32
Sutro Tunnel.
*
170
185
i734
2034 •28
i%
38%
01
35
72
t
90%
22
40%
65%
11%
08
09% 73%
24
24%
05% 00%
78
37
78
60
00
10%
10%
Chic.Cl.Dub.A M.4tb wk Apr
16,833
Chic. & East. Ill..3d wk May
24,953
Chic Mil. & St. P.3d wk May 266,000
Chic. A Northw..April
1,276,552
Chic.St. P. A Min.3d wk May
25,218
Chic. A W. Mich .24 wk May
15,232
Cin. Sand. A Clev.March
54,634
Cin. A Spriugf. ..3d wk May
15,137
Clev. Col. Cin. A 1.3d wk May
75,830
Clev. Mt.V. A Del. 2d wk May
7,369
Del.AH.Can.. Pa.Div..Mar..
96,547
Denver A Kio Gr 3d wk May
44,276
Denv.S.P’kA Pac.2d wk May*
51,803
Dot. Lans. A No..3d wk May
21,851
37%
53% 55
55% 00
8*
19
17% 17%
100% 100% 100%
117% 110 110%
71% 70% 71%
JU
IWKl
100% 100
100%
91% 90%
10% 91%
107% 10
189% *181
22
25% 25%
)7p 107%
48
22
99% 100%
12034 120% 120%
27
2034 27
28%
120
7
7
78“ 79'
79
15
7734
123%
32%
51%
20
21%
43
17%
25
70%
69
70
58
32%
was
103%
24%
101
121%
28
8
•
4%
79%
29“ 29%
....
71
30
34% 36%
470
21
22
15
00
36% 38%
42
03
30
73
33
29
42
....
40%
39
20%
5633
90
40
*30% 33
42% 42%
6o
Oo
72
2%
85%
29%
55%
93%
180
21% 22%
31
42
72
234
32% 85
180
22%
03% 63%
36% 37%
85
28%
54%
9334
23%
99%
120%
27%
7%
4%
78%
14%
29%
S“ bT
*170
20%
*12%
70%
26%
20
14%
30%
105
105
107
100
100%
02
57
58% 52
58%
21% 22%
125
120
124% 125% 125%
34%
32% 34%
53%
52% 53
20% 20% 27
20% 27
2234 22% 2.8
25% 20%
44
44
50
40% 48%
20
17% *17%
20
25% 20% 25% 26%
28% 29%
103
02
12
70
67%
73%
74%
26%
09%
22
*14
07%
Sjj
66
71
99% 101
30
40
41
02% *01
36
36
72
73
2
2
83% 83
the prices bid and asked: no sale
Ches. & Ohio
*
*51
54% 50
58
101% 101% 102% 102% 103
*40
*
3-8%
1%
1%
83% 80*4
28% 30% 20% 29%
5434 57% 5134 55%
90
94
90% 93%
82
50% 57%
94%
63
30
73
00 £
29
1%
84
30
2536
40
0834
1134
77
37
51% 54
52)6 57%
16%
25% *22
*17 %
105% 100%
115
110%
71
09%
100% 100%
91% 90
10034 106)4
190
189%
40
05
11
04
....
Panama
Phil. ARead’K
03
10
77
37
•
.
Friday,
May 28.
May 27.
30% 3734
51% 53
51% 54%
/-—Latest earnings reported,—,
Week or Mo.
1880.
1879.
follows:
Wednesd. Thursday,
Tuesday,
May 25.
Monday,
May 24.
as
2%
2%
2%
85% 86%
87%
31%
58
95%
30
31
50% 53%
93% 91%
made at the Board.
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1, 1880,
to date,
were as
follows:
Sales of
Week,
Shares.
Canada Southern..
18,925
Central of N. J
310,545
Lowest.
40
45
May
May
99% Jan.
1,546
6,626 113% May
66% May
149,685
Chicago & Alton
Chic. Burl. & Quincy
Chic. Mil. & St. P
99
Do
do pref.
2,560
May
Chic. & Nortliw
87% May
58,070
Do
do pref.
3,540 104 Feb.
480 149 *Jan.
Chic. Rock Isl. & Pac.
Col. Chic.& Ind.Cent.
9% May
3,925
Del. & Hudson Cana?
48,667 60
May
Del. Lack. A Western 561,455
63% May
Hannibal & St. Jo...
22% May
15,135
Do
do pref.
63% May
16,100
Illinois Central
99% Jan.
2,965
Lake Erie & Western
20% May
2,650
Lake Shore
221,481
975s May
Louisville A Nashv..
86% Jan.
3,610
24
Manhattan
10,725
May
14,750 75
May
Missouri Kan. & Tex.
28% May
46,080
Morris A Essex
14,236 100
May
Nashv. Chatt. & St. L.
11,420 52 May
N.Y. Cent. A Hud.Riv
32,409 122 May
N.Y. Lake E.& West. 385,610
30% May
47
Do
do pref.
9.500
May
20
Northern Pacitlc
15,250
May
Do
pref. 28,770 39% May
23
Ohio & Mississippi..
31,757
May
Pacific Mail
27% May
63,140
Panama.
250 168
Jan.
Phila. & Reading
17% May
207,800
St.L.Iron Mt. ASouth.
34% May
26,070
Bt. L. A San Francisco
3.500 25% May
Do
33
pref.
May
4,775
Do
60
1st pref.
1,205
May
Union Pacific
15,124 80 May
Wab. St. L. A Pacific
26% May
23,200
Do
do pref.
51% May
41,350
Western Union Tel.. 154,423
903s May
Michigan Central....
"
....
*
Range from Sept. 25.
Range for
Range since Jan. 1, 1880.
Year 1879.
Highest.
17
25
2
25
25
10
11
10
2
11
25
25
25
25
2
11
25
8
18
17
25'
24
28
11
25
25
11
24
25
17
2
24
25
11
11
11
11
25
25
25
74% Jan. 14
90% Mar. 8
116
152
Mar. 29
Low.
High
4514
3312
78%
75
89 7e
100%
Jan. 26 111 % 13412
853g Mar. 27 3438 82i8
107% Mar. 29 74% 102%
97
Mar. 31
110% Mar. 23
495s
9478 Mar. 22
421s Feb. 24
76
Feb. 24
9412
89ie
94
13%
34
36
60
2
2
Jan. 14 t 16
Jan. 13 t 4414
4412 Mar.
62
190
Mar.
6
8
7%
103s
Apr. 13 123
723s Jan.
3
66
48
6OI4
8312
9738
48
78%
40%
65
3338
39%
182
Feb. 17
Feb.
2
13
Mar. 8
Mar. 9
Jan. 19
418
9%
5712
3i8
56
53
60%
78%
95
Jan. 27
72^8 Jan. 27
116% Feb. 24
The latest railroad
earnings and the totals from Jan. 1 to
latest dates are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “Jan. 1 to latest date” furnish
the gross earnings from Jan. 1 to, and including, the period
mentioned in the second column. /
-—Latest earnings reported.—>. /-Jan. 1 to latest date.—*
Week or Mo.
1880.
1879.
$199,801
$133,651
117,030
94,436
172,500
133,389
75,806
341,824
132,802
29,563
40,861
4,924
226,378
321,426
2,277,500
247,197
1,212,327
494,244
778,303
659,521
118,478
1,003,702
140,138
5,018,539
254,685
1,738.629
78,910
438,341
175,420
Atl. A Char.Air-L. March
Atl. Miss. A Ohio.March
Jor.C.Rap.A No. .3d wk May
Burl.&Mo.R.in
N.3d wk Apr.
Cairo A St. Lonis. 1st wk May
Canada Southern.March
1879.
$33,464
At^&Gt.West....March
.
.
1880.
Ala.Gt. Southern. April
Albany & Susq .March
Atch.Top. & 8. Fe.4th wk Apr
$45,344
36,861
49,123
8,650
409,189
47,242
Carolina Central.March
'45,987
Central Pacific...April .'.....1,374,000 1,406,600
.
197,494
935,182
364,147
501,313
518.254
78,473
611,483
Ports.Gt F.ACou. April
Rensselaer A Sar.March
St.L.Alt.AT.H. ..3d wk May
Do
(brehs).3d wk May
St.L. IronMt.A S.2d wk
St. L. A San Fran.3d wk
St.Paui A Duluth.April
St.P.Minn.AMau.2d wk
St. Paul AS.City..3d wk
May
May
201,225
409,091
4,014,000
1,128,894 4,924.592
22,544
467.578
10,300
292,011
47,356
12,822
56,670
7,315
103,095
316,004
1,414,737
154,829
293,194
692,i>83
833,105
436,757
324,975
863,906
560,571
22,011
17,981
192,698
41,704
8,654
17,354
151,349
302,929
2,942,414
4,133,880
384,905
221,416
223,764
1,114,961
126,450
287,007
353,933
295,498
697,551
397,673
3,131,224
1,532,714
745,075
873,325
1,622,957
448,907
379,119
565,639
157,706
272,464
134,723
379,559
99,128
1,953.281
129,968
322,792
137,474
941,471
727,321
593,316
85,286
8,924,134
3,711,344
31,918
1,201,645
306,303
1,132,304
3,836,720
167,593
2,876,222
878,130
156,560
96.742
382,923
262,697
22,983
13,065
10,381
478,261
241,250
307;063
79,212
19,z77
2,091,138
1,496,070
886,386
148,432
1,033,900
495,241
106,003
402,701
11,900
91,200
42,209
27,641
May
63,530
May
31,640
19.713
4,261
6,005
173,000
27,907
640.000
233,341
104,103
827.423
33,260
518,000
129,930
500,874
206,099
101,527
377,579
100,052
447,658
5,396,997 4,693,302
4.083,109 2,824,611
15,338
4,744
22,044
9,711
Wisconsin Valley.4th wk Apr
*
4,784
215,607
1,011.142
39,131
Scioto Valley ....3d wk May
Texas A Pacific ..Aju-il
Tol.Peoria A War. 3d wk May
Union Pacific
11 dys May
Wab. St. L. A Pac.3d wk May
Wisconsin Cent... 1st wk Apr
49,037
108,919
Mileage last year was 85 miles, against 147 miles now.
exchange is fairly steady
point since last week. On actual
86/£ for bankers’ 60 days’ sterling
Exchange.—1The market for foreign
at the nominal advance of %
business the rates are 4 86@4
and 4 89@4 89% for demand.
•.
domestic exchange on New
to-day : Savannah—buying
3-16, selling 5-16 premium; Charleston—buying % premium,
selling x/i premium ; New Orleans commercial, 100 premium,
bank, 250 premium ; St. Louis, par; Chicago, 50 discount; and
The following were the rates of
York at the undermentioned cities
Boston 35c. discount.
Quotations for foreign exchange are as follows :
sterling bills on London.
Good bankers’ and prime commercial...
Good commercial —i
i
Prime bankers’
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
The
following
Sovereigns
Napoleons
4
4
4
4
5
5
5
86 -©4 87
85 %® 4 86
85 ©4 85%
4 89%®4
4 89
©4
4 88 ©4
84%®4 85
20 ©5 13%
2058©5 18%
20 ©5 18%
40% 3 40%
94% ® 95%
94 %© 95%
94%® 95%
94%® 95%
4 87%®4
5 17 %® 5
3 90
® 4 78
© 3 95
Mexican dollars..
Do uneommerc’l.
Span’hDoubloons. 15 70
©15 95
English silver
4 74
..
Boston Banks
April
K
“
“
May
“
“
“
*5..
m
9
4,8^5
138,942,000
0,700300
3..
138,815.300
ak
Specie.
140.2424500
13*4,511.400
137,758,200
137.923.400
Af
following
,100
5.331.300
5,994,900
6,738,800
6,070,700
6.944.300
0,733,700
139,402,200
12..
19..
20..
10..
17..
24..
95%
95%
95%
95%
are
—
91
—
87
4 76
—
—
—
©
©
—
92
88
© 4 82
68 ©
99%®
99 %®
—
—
—
70
99%
par.
the totals of the Boston
series of weeks past:
Loans.
1880
—The
....
Pros, silv. thalers.
Trade dollars
New silver dollars
Mex. Doubloons..!5 55 ©15 65
Fine silver bars
1 14%® 1 14%
Fine gold bars
par® % prein.
Dimes A % dimes. — 99 %® par.
banks for
5 18%®5
5 17%®5
40%®
95 %®
95%®
95%®
95%®
90
89%
88%
88
15%
16%
15%
40%
are quotations in gold for various coins:
Silver %s and %s. — 99%® par.
$4 83 ©$4 87
Five francs
— 92
© — 95
3 83 © 3 87
X X Reichmarks.
X Guilders
a
Demand.
Sixty Days.
May 28.
129.278
4,832,729
3,834,702
8,175
36,884
194,185
18,478
Peoria Dec. A Ev.4th wkMar
9,580
Pill lad el. A Erie.. April
334,947
Phila. A Reading.March
1,457,322
Pitts. Titusv. & B.April:
55,700
885r 116
t Range from July 30.
$185,527
1,500,924
3,159,213
151,803
7,385
102,534
10,608
Pad.AElizabetht.2d wk May
133,832
97,159
4,030
6,002
Pad. A Memphis..2d wk May
55,350
73,830
2,311
2,990
Pennsylvania
April
3,488,366 2,630,022 12,794,679 10,314,553
139
211s 49
3712
$845,187
2,461,184
Ogd. A L. Champ.3d wk May
Mar. 31 112
4878 Feb.
7378 Feb.
-Jan. 1 to latest date.—
1880.
1879.
Flint A Pero Mar .2d wk May
21,796
25,941
Gal. Har.A San A.March
106,619
81,011
Grand Trunk.Wk.end.May15 198,643
149.484 3,617,784
Gr’t Western.Wk. end.May 14
71,007 1,732,592
87,213
Hannibal A St. Jo 3d wk May
890,335
31,216
48,881
Houst. A Texas C. April
158,318 1,077,384
247,807
Illinois Cen. (III.).April
426,550 378,339 1,781,783
Do
114,252
502,150
(Iowa) April
117,920
Indiana Bl. A W..2d wk May
22,323
418,069
19,099
Int. A Gt. North..3(1 wk May
19,650
585,183
20,217
Iowa Central
March
225,©00
89,581
54,506
K. C. Ft. S.A Gulf .2d wk May
16.963
403,379
17,483
Kans.C.Law. A So. 1st wk May
7,814
231,244
12,308
K. C. St. J. A C. B.4th wkMar
399,559
45,363
34,832
Little Rk. A Ft. S.2 wks May
7,377
159,765
11,018
Loui8\\ A Nashv.3d wk May 138,600
82,705 2,821.773
Louisv.N. Alb. AC. March
49,221
179,392
70,436
Maine Central ...March
368,562
127,080
141,5( 0
Minn. A St. Louis.2d wk May
6,580
196,479
10,148
Mo. Kan. A Texas. 3d wk May
47,595 1,586,601
62,575
24,769
Mobile A Ohio
3d wk May
848,600
29,469
Nashv. Ch.ASt.L, April
128,506
721,711
155,466
N. Y. A Canada ..March
65,472
32,180
164,137
N.Y. Cent. A Hud. April
2,782,324 2,214,626 10,548,003
N.Y. L. Erie A W.March
1,644,958 1,356,780 4,193,557
N.Y. A N. EngPd.2 wks May
84,183
87,910
North Wisconsin.3d wk May
68,084
1,929
1,126
Northern Central. Apr 1
386,130 328,869 1,466,809
Northern Pacific .April
115,656
441,062
183,227
28
4112
7018
lib
Mar. 31 79% 10034
383s Mar. 4 *16
2812
108
Uli8 Mar. 4 67
35
164h» Apr.
8912
2
5712 Mar. 16 35
7214
95
Mar.
5 73% 98
4914 Jan. 27
53s 3534
IIOI2 Feb. 28 751s 10412
128
Mar.
5 3512 83
137
DubuqueAS.City.2d wk May
15012
38
43
/■
April
$221,409 $162.611
Chicago A Alton .2d wk May 148,304, 103,035
( liic. Burl. A Q...March
1,453,611 1,071,738
7678 108
19434 Apr. 14 119
5
25*8 Jan. 26
863e Mar. 30
561
140,185,100
L. Tenders Deposits* Circulation. Agg.Clear.
$
50,827,900 31,145300
50.010.799
51,087,600
31.204.200
2,349,200
31,221300 08.005,017
52.671.100
2,067,200
2,095,000 53,653,400 31,223300 02,106,736
54,217.800
31.175.200 63,053381
1,983,100
00,194,525
1,7574500 54.400.100 31,123.100
1,088,000 55,151,300 31,093,100 64,342.000
1,880,000 54,324,200 31,001,000 60,058361
09,6^7,777
2,6^5400
than HAvafnmant and hanks
1
aaa
Claarincf-TT(H1JlA
THE CHRONICLE
562
-
New YorK City
Banks.—The
for the
Manchester * Lawrence....
Capital. Loans and
Speole.
discounts.
<
New York
Manhattan Oo...
Merchants
Mechanics’
Union
America
Phoenix
City
Tradesmen’s
Fulton
Chemical
March’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ A Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific
Republic
8.372.000
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
8,000,000
1,000,000
1,000,000
1,000,000
600,000
800,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
5.866.900
7.123.600
6,634,000
4.323.700
8.052.200
3,155,000
6.945.900
3,012.000
1.713.300
12,357,000
3,779,000
4.210.200
1.412.900
930,000
985.000
2.781.600
850.600
3.379.500
800,000
People’s
North America..
Hanover
Irvin*
Metropolitan
700,000
1,000,000
Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ A Tr..
Park
;
Mech. Bkg. Ass’n
North River
Bast River
Fourth National.
Central Nat
Second Nation T.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
4,995,000
354.500
222.100
2.568.600
741.706
593.100
264.800
118,000
20,400
846.900
130.700
565.800
2,702.000
5,083.500
767.800
418.100
224.700
771.600
679.700
7L.900
204,000
1.177.900
359.800
2.116.000
10,961.000
284.500
1.657.400
2.259,000
500,000
2.511.500
500,000
500,000
1,000,000
1,000,000
300,000
400,000
1,500.000
2,000,000
2,068,300
3.419,000
3.914.500
5,030,600
1.523.300
2.738.000
100.900
383.800
329.100
787,000
223.100
965,000
28.000
679.000
17,012,400
13.243.400
4.370.200
844.200
169.100
28.500
57.000
500,000
240,000
2.739.800
820,100
979,300
14.854.600
8,352.000
250,000
3,200,000
2,000,000
4.122.200
11.730.400
1,000,000
7.281.800
1.314.100
300,000
250,000
200,000
750,000
300,000
100,000
1.441.800
1.320,000
2.138.000
$
8,300,000
495,000
5,149,900
400
560,000
44,500
«.
1.100
2,667,000
537,000
169,000 10,118.100
99.600
1.854.200
797,700
202.000
1.269.100
450.200 11.831.300
670.200
297.000
3.246.500
2.630.400
706,000
181,100
77.800
1.241.000
257,600
180.000
204,0§G
970,000
2,700
192,900
914,500
2.131.100
476,100
293,000
37.800
787.800
83.00C
030.000
2,656.000
9S,20G
450.000
9,919,000
915.000
1.441.500 10.778.300 1.349.900
900.000
3 J 8.600
4.081.500
8.248.100
179,700
433.200
2.018.400
276.300
3.699.100 1.123.900
253.300
132,000
3.580.400
277.400
1.288.700
5,400
126.700
1,950.000
145,000
800,000
720,000
7,218,000
438,800
847.200
2.442.500
45.000
1,389.000 11,035.000
268,300
1.768.200
273,000
8.900
l57.4ot
2,140,000
88,000
1.984.100
440.200
450,000
125.700
1.717.300
450,000
198.000
3,493.000
4.000
2.528.200
97,000
709,900
371.300
5,035,900
1.361.400
240.500
180,000
124.000
8,102,000
903.600 19,145,800 1,097,300
16.075.20C
527,700
1,907.600
600,000
42,900
355.200
137.200
906 800
104.700
1.141.900
955.000
1,347,000
389.000
400.000
413.000
473.500
554.700
3.693.900
601.400
1.575.600
105.100
141.600
28.000
285.000
355.700
20,800
709,300
14,098.400
8,053,000
2.751.700
1.551.800
*
6,144,600
5,107.000
3,451,000
5.663.400
2.888,100
2,672,000
300,000
750,000
500,000
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
530.000
2.631.30U
3,000.000
600,000
1,000,000
Bowery National
705.800
1.390.200
7.366.500
500,000
....
643,000
8.462.600
2.152.100
5.665.100
3.325.70G
1.336.900
2,063,800
450,000
412,500
Chatham
$
796,000
156.200
870.500
665,000
212.400
456.700
137,000
$
1,933.000
1.773.900
1.481.600
12,321.000
12,341.900
5.187.100
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
Net dept’s
Circula¬
Legal
other
tion.
Tenders. than U. S.
223,100
810,000
1,491,000
45,000
3,086.000
3.978.100
13.475,000
7,660 200
967.800
1.134.700
1.433.200
227.300
670,200
93,400
166.200
270.800
41.800
195,000
450.000
706.500
268.500
225,000
180,000
1.889.100
2,807.800
1.543.300
244,800
60,475,200 272,250,800 56,831,900 21.669.500 258.325,700 20,304,000
Total
The deviations from
Loans and discounts
Specie
Irfjgal tenders
returns of
Dec. <0,323.400 |
Inc.
Inc.
previous week
Specie.
1879.
Oct. 11....268,701,800
<
follows
:
Dec. <2,750.200
Net deposits
553,900 I Circulation
2,440,200 i
The following are the totals for a series of
Loans.
S
are as
Dec.
194,400
weeks past:
$
Dgdensb.* L. Champlain ...
do
pref..
25
Northern of New Hampshire
Norwich & Worcester.
..
PHILADELPHIA,
btate and city bonds.
Penna. 5s, g’d, int.,reg. or cp.
do
5s, cur., ree
dS sslreg., 1582-1392.
Philadelphia, 5s reg.
6s,gold.reg... ...
7s, w’t r ln.rg. &cn,
io
do
Dec.
“
44
Jan.
44
“
44
44
Feb.
44
“
•4
Mar.
44
44
44
42.992.800
50,006.700
29
52,310,700
54.771,000
54,069,400
50,842,900
273.419,900
0....273,101,100
13....275,750,100
20....278,098,100
51,473,500
53,558,600
51.832,200
31....283.194.500
50.312.800
52,904,600
54,740,500
7....290,381,600
14....290,445,200
21....290,091,200
59,t>87,200
28... .293.545.60U
57,413.300
58,055,000
57,927,900
6....297.135,500
13....297.256,900
20....294,V7,400
27....290,866,700
55,440,100
54,773.800
14,097,800
15,914,200
17.143.500
18,586.000
16,437,900
16,680.000
15,505,500
*
14,168,000
12,130,400
11,652,400
11,555,100
11,272,500
246,995,600 23,812,900
253,731,900 21,035,900
257,483.700 2^,662,900
259,075,900 21,529,900
264,404,200 21,683,200
267,128,100 21,599,600
271,601,000 21,282,200
271,012,800 21,174,000
271,483,400 21,002,100
270,381,000 20,967.100
264,538,200 20,975,800
260,340,500 20,995,200
railroad
ao
stocks.t
10....288.470.900
44
May
4f
44
44
52.023.000
11,935,900
.17....284,250,800 50,050.800
13,866,000
24....278,886,200
48.9S3.600
1....280,436.300 49.406,500
8....281,137,700
15....278,574.200
22....272,250,800
53,391.500
56,278.000
56,831,900
15,432,100
19,229.300
d0
pref.
Mt. Joy & Lancaster.
Huntingdon* Broad Top...
do
do Pref-
Lehigh Valley...
Little
Schuylkill
Jilnehlll
Nesquehonlng Valley
21,669,500
Old Colony, 7s
Old Colony, 0s
Omaha A S. Western, 8s ....
Pueblo A Ark. Valley, 7s
Rutland 6s,1st mort
Vermont & Canada, new 8s..
Vermont*Mass. KR.,6s
BOSTON.
Atch. A Tcpcka 1st m.7s
116%
do
land grant 7s 113
do
2d Is...
do
land Inc. Ss..
Boston A Maine 7s
122
no e ton &
Albany 7s
113
105
122
Burl. A Mo., land erant 7s
114% 115
do
Nebr. 68....
Ex 107* 108
do
Nebr. 6s...
102
Conn. A Passumpslc, 7s, 89; iio
111
Eastern, Mass., 4^s,
Fitchburg KR., 6s
9154
new
92
Atchison A Topeka
At hl-.o i & Nebraska
Boston A Albany
Boston ALowel;
Boston* Maine
; Boston * Providence
x
Chesapeake & Delaware
Delaware Division
Morris
do
pref
•
Pennsylvania
Schuylkill Navigation....
RAILROAD BONDS.
.
Conn. *
.
Kan. < 1> r St. Jo. A :. b., In.
8)
Little R’k A Ft. Smith, 7s,1st 96
Kew York A New Eng. Is .. 109
Ogdens burg A Lake Ch.Ss.
100
do
109*
coram >n.
K.C. Law. A Southern.Ex.R
K. C. St. Jo. & Council luffs
Little Rock* Fort Smith
...
6s,coup,’83
101
105
30
....
!....
135
is9*
63*
60
26*
81
122
75
36
144
05
27
123
chat, m.,
do
do
new
10s,’88
Morris, boat loan, reg.,
7s 1900
113
1900-1904....
84
108
118*
2dm.7s,cp.,’96.
do
Scrip
1885. .
Pennsylvania 6s,coup., 1910..
Schuylk. Nav.lst rn.6s.rg.,’97.
do
2d m. 6s, reg., 1907
117
99
78
126
....
125*
Pennsylv., 1st m., 6s, cp., *80..
do
gen. m. 6s, cp., 1910. iie
do
gen. m. 6s, rg., 1910. 110
do
cons. m. 6a, rg., 1905. 112
do
con8.m. 6s. cp., 1905. 114
do
Navy Yard 6s, rg,’«l
Penn. Co ,6s. reg
Perklomen 1st m. 6s,coup.,’9i
Phlla. * Erie 1st m.6s, cp.,’8*.
do
2d m. 7s, cp.,’88
Phl'a. Newt’11 * N.Y., 1st m.
Phlla. * Read. 1st m.6s, ’43-Ml
do
’48-.49.
do
do
2dm.,7s, cp.,95.
In default. % Per share.
§ Cou. to Jan., *77. funded.
ios*
90
iio
81
6s,exempt,’9S.M.&S
08,1900, Q -J
6s.1902, J.& J
do
do
do
5s, 19.6, new
Norfolk water, 8s...
Par.
BAILBOAD STOCKS.
Balt.* Ohio
100
ao
1st pr<f .do
2d pref
Wash. Branch.100
do
Parkersb’g Br..50
do'
Maryland
...
BAILBOAD BONDS.
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O. .
N. W. Va. 3d m.,guar.,’85,J*J
Pittsb.* Connellsv.7s,’98,J*J
Northern Central 6s, ’85, j&J
do
6s, 1900, A.AO.
do 6s, gld, 1900,
Cen. Ohio 6s, 1st m.,’90,M.& S.
W. Md. 68,1st m.,gr.,’90,J.*J.
do
1st m., i890, J. & J...
do
2dm.,guar., J.& J—
do
2d m.,pref
do 2d m.,gr. by W.Co.J&J
do 6s, 3d in., guar., J.& J
Mar. & Cin. 7s, ’92, F. * A ...
do
2d, M. *N .......
do
8s, 3d, J.&J
Union RR. 1st, guar., J. & J..
do
Camon endorsed.
t
81*
70
108
111
108
100
108
109
114
110
115
115
118
118
112
117
110
140
140*
110
108
150
120
112
m
50 30*
7
,5t*
Central Ohio
50
Pittsburg & Connellsvtllej.SO
105
101
boat*car,rg.,13l8
boat*car,rg.,l9i5
Susquehanna 6s, coup.. 19.8 .*
do
118
55
do 6s,
do 7s,
40
5
102
106
104
114
108
110
115,
110
105
111
111
114*
118
120
125
118
31
8
45
,107
114*
110
112
10-** 112
108
115
108
li5
99
1x0
115
110
120
no
120
100*
115
120
107* 108
77 H 78
36fc 37
110
110
100
7s
t 115
7*30s
t 117%
125
South. RR. 7"30s.t 123
do
6s, gold.t 108 109
Hamlltbn Co., O., 6s. long.j.t 107 *
do
7s, 1 to 5 yrs..f 105
do
7 & 7*30s, long.t 110
Cin.& Cov. Bridge st’k, pref. 180
Gin. Ham. & D. cons.63,19 5 + lu3* 1.04
do
7s, W05 t
do
2d m. 7s, ’o51
Cin. Ham. & Ind., 7s, guar. .1
Cln. & Indiana 1st m. 78
i
do
2d m.7s, ’77..4
Colum. & Xenia, 1st m. 7s. ’90
no
104
100
105*
101* 102
105
+ 1UO
Dayton* Mich. 1st m. 7s. *8H 101* 102
do
2dm. 7s,’84.+ 104
do
3d m. 78, ’884 102
Dayton* West.lstm.,’81...t
do
do
1st in.,
1905.1
lstm. 6b, ’.90.
Ind. Cln. & Laf. 1st m. 7s....1
do
(I.*C.) lstm.7s,’88+
Little Miami 6s, 483
+
Gin. Ham. * Dayton stock.
Golumbas * Xenia stock
Dayton * Michigan stock....
do
8. p.c.
Little Miami stock
st’k.gua’
LOUISVILLE.
...
1906
ioo
85
100
do
do
do
do
..
Chartlers Val., 1st m.7s,C.,190. 106*
Delaware mort.,6s, various..
Del. * Bound Br., 1st, 7s. I90y 115*
East Penn. 1st mort. 7s, ’88 .
E1.& W’msport, 1st m.,7s, 80.
82
do
5s,perp
««
*
32
82
Chesap. & Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp.,w8.
i05
Lehigh Navlga. m., 6s, reg., 84 109
do
mort. RR., rg , 9.
do m. conv. g., r*-g., 94
6s, coup., ’89 107%>
111
Ill*
mort. 6s, ’89
i21
Cam. * Atl. 1st m. 7s. g., 1^93
do
2d m. cur.7s, ic7«..'
CINCINNATI,
Cam. * Burlington Co. 6s,*97.
Cincinnati 6s, long
Catawlssa 1st, is, conv., 82...
do
do
do
10
.
m.,6s,1902.
25
111
2d m. 6s.’85..
3dm. 6s,’37..
do
do
80
52
.
end..’94
116*
Pa.& N.Y.C.* RR. 7s, 1896
09
30*
Passumpslc
Kan. City Top. A V\«s, 1st
114* Eastern (Mass.).
do
do
Eastern (New Hampshire)...
7s, Irc.
K. City I.awreDce A So. 4«... 87*
Fitchburg......
Kaa. city. bt. Jo.&C. B. is.
111
111* Fort Scott* Gulf, preferred
Inc. 7s,
105
J.&J.
„
U8* 119*
Concord
Connecticut River
36%
27*
..
Vai.^10^1896...
do
34
27
50
pref...
do
Allegheny
35
38
84*
U7
cons.
Western
7H
144
125
Burlington* Mo.in Neb...
.
112
105
m.,6s,g.,1905 92* 98
do
lnc.&l. gr.,7s 1915 58
Union* Tltusv. 1st m. 7s,-’90.
85*
United N. J. cons. m. 6s, ’94..
102
Warren * F. 1st m.7s, ’96
115
West Chester cons. 7s, ’91
106
West Jersey 6s, deb., coup.,’83
120
do
1st m. 6s, cp., ’96. 114
do
lstm. 7s, ’99.
do
cons. 6s, 1909
105
Western Penn. RR. 6s,cp.1899
106
do
6s P.B.,’96.
do
Northern Central
.do gen. m.78, cp., 1903..
do gen. m. 7s, reg., 190*3 117
Oil Creek 1st m. 7s, coup.,’8L
rittsb. Tltusv.* B.,7s,cp.,’96
137*
Cheshire preferred.
Chic. Clinton Dub. * Min
00
160
pref.
do
Companies......
West Chester consol, pref....
United N. J.
do
90*
,Cin. Sandusky & Clev
do
7a
Fort Scott A Gulf 7s..
Hartford & Erie 7s
118*
8TOCK8.
do
6s
Boston A Lowell 7s
d >
6s
Boston A Providence 7s
50H
109*
Bid. Ask.
BBOUBITIK8.
‘49
4o>t
DuluthR.R. Com
do
40
54.
do mort., 7s, 1892-3
90
Phlla. Wllm. & Bait. 6s, *84....
115
116
Pltts.Cln.&St. L. 7s, cou., 1900
do
do
7s, reg., 19 m 115*
—
Little Schuylkill, 1st m.7s ’82
North. Penn. 1st m. 6s, cp.,’85.
ftUOTATIIOS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask,
7*
49
40
109*
20,304,000 759,515.331
Note.—With December 27 the Grocers’ Bank disappeared from the list.
SECURITIES.
5
Pref.
Paul &
27
Phil.*R.Coal* Iron deb.7s.92
do
deb. 7s. cps.ofl
6s, exempt, lb87
do
6s, 1890, quarterly...
10
do
5s, quarterly
49* Baltimore 6s. 1S8I, quart
6s.
do
, ‘.886, J.&
J..v.
56
do
68,I89d, quarterly...
do
6s, park, 1390,Q.—M.
54%
do
6s, 1893, M. * S
50*
Pennsylvania.......
Philadelphia* Erie
11
Vi*
Pnlladelphia & Reading
160* 162
Philadelphia* Trenton
Phtla.Wilming. & Baltimore
14* !4 %
Pittsburg lltusv. & Buff....
at
..
do
102*
Norristown....
North Pennsylvania
do
do
.
BALTIMORE.
Maryland 6s, defense, J.& J...
Harrisburg 1st morL 6s ’83^.1....
H. & B. T. list m. 7s, gold, ’90. 115
do
lstm. 78, fd. g.’69
do
2d m. 7b, gold,’95. 107*
do
2d m.f .scrip g.,7e
64
3d m. cons. 7e,'95*.
do
Ithaca* Athens 1st g d, 7s.,’S0
105*
Junction 1st mort. 6s, ’82
do
2d mort.6s, 1900 ...
115
Lehigh Valley, lst,6s,cp.. 1898
do
do reg., 189S... 115
iib%
do 2d m. 7s, reg., 1910.. 126
do
con. m., 6s, rg., 1923 10«
do
do
6s,f p.,19.3 108
790.380,509
867.632,049
20,498.400
40*
...
Connecting 6s,
748,481,804
644,453.967
20,572,900
S3
East Pennsylvania.
Elmira * w llliaiRBport.. • - -
827,801.846
256,267,800 20,987,900 810,774,898
253,519,800 20,843,000 849,817.403
248,896,700 20,012,800 720,947.846
258,323.000
201,075,900
258,325,700
15
do
pref.....
do
new pret...........
Delaware & Bound Brook....
Camden &Amboy
17,014,000 252.572,200 20,640,200 697.435.05l
17,257,100
25
26
Catawlssa—
do
Har. P.
ao
6?, 1908
Imp. m. 6s g., 1897...
conv. 78, isya*
7s, coup, off, ’93
l en. m.
do mort. gold,’97...
do cons. in.7s, rg.,191
Atlantic—
do
pref
657,695,260
787,728,198
743,125,031
772.270,895
720,978,130
683.453,357
795,314.114
725,419.855
895,014,025
April 3 ...290.639,500 53,669.300 10,847,500 259,306,800 20,981,600 771,010,070
“
125
6s, coupon
Harrisburg City 6s, coupon..
Camden *
o
do
CANAL BOND8.
Delaware
* 3... .276,706.200 48,282.100 12,723,500 242,087,100 23,748,600 604,197,943
10....276,116,100
17....270,990,900
24....280,068,600
119
103
7s, str.imp., reg., 83-86.
N. Jersey 6s, reg. and coup...
exempt, rg. & coup.
do
Camden County 6s, coup
Camden City6s, coupon......
do
7s, reg. & coup.
do
Belvldere Dela. 1st
“
“
15....268.538.800
22....270,194,400
107
re8[y*5QP
95
f
.
hyra.Gen.* CornV,lst,76,19()5
Texas * Pac. 1st m ,6s, g.,1905
Allegheny City 7s, reg.
Pittsburg 4s,coup., 1918.....
do
5s, reg. & cp., 1918.
188027’”'277'5S4>200 48,638’200 i2'089*700 242,062,200 23,732,900 586,014,073
“
101
107*
County 5s, coup...
Allegheny
Susquehanna
44
114*
-••••••
cons.m.fis.g.f.1911.
do
50
60
108
100
90
50
rg.,1911..
do cons. m. 7s,
40
Shamokln V.& Pottsv. 7s, 1901
Steubenv. & Ind. 1st, 6s, 1884 103
Stony Creek 1st m. 7s 1907...
8unb. Haz. * W.,lst m.,5s,’23.
Sunbury & Erie 1st m. 7s, ’97..
do
<s, old,
120
do 6s,n.,rg., prior to
do 6s,n.,rg.,1395* over 126* 127
105
100
do 4s, various
18,985,200
16,771,700
14,673,200
13,403,900
12,543,400
“
....
reg.,189£-1902
68,10-15, reg., 1177-82
6s, 15-25, reg.,l882-,^26s, In. I*lane, reg.,1879
5b, new,
Lehigh Navigation
'
11»* 120
Vermont* Massachusetts..
Worcester* Nashua
22,080,100 741.448,440
22,286,800 798,960,740
22,448.700 701.277,728
22.600.500 805,862,857
22,341,500 772,150,134
22,475,700 870,0*2,059
250,297.300 22,550.400 942.922,768
247,195,500 23,024,800 779,955,847
247,030,100 23,255,100 850,846,848
247,559,200 23,463,800 722,603,389
246,118,600 23,051,900 660,418,518
“
20
112*
••• i’i2*
Old Colony............
106
Portland Saco & Portsmouth
HO
Pullma i Palace Car
Pueblo * Arkansas
Rutland, preferred........... *23*
232,780,500
232,805,300
231.668.000
234,412,000
231,927,700
22,595,800 239,201.200
22,566.300 30,438,500
18... .267,505,500 26,383.600 33,097,700
25 ...269.433,300 27,682,600 30,151.700
Nov. 1....271.238.600 29,675,300 28,615,900
8....270.076,800 33,823,800 23,486.900
97
Bid. Ask.
BBOUBITIHS.
Phil.* Read, doben., cp.,’23'
do
do
cps. oh.
41
do
S5H
scrip, 1882.
98
do
J.n. m. 7s, cp,1896
135
do cons. m. 7s, cp.,1911.. 103
CANAL STOCKS.
$
:
HI*
35*
West Jersey
L. Tenders. Deposits. Circulation. Agg. Clear.
$
Nashua * Lowell.............
New York & New England...
do
-do
do
do
Etc.-Continued.
Bid. Ask.
BECUBITIES.
1880.
Average amount of
Banks.
PiHLlOBLPdU,
BOSTON,
shows
following statement
the condition of the Associated Banks of New York City
week ending at the commencement of business on May 22,
[Voi. XXX
Louisville 7s
do
do
do
do
do
do
:.....
1101
100
105
10 J*
71
72
125
53
L19
■54
121
121*
120
112
104% 100
t 108
6s,*82 to ’87.7
+
6s, ’97 to ’99.
1
water 6s,’87 to ’89. i
water stock 6s,’97.1
104fc 106
104% 100
104% 106
104% 106
wharf 6s
106
spec’l tax 6s of 89.1 104% 108
107*
105* Louisville water 6s,Co. 1907 + 100
101
Jeff. M.&I.lstm. (I&M) 7b,’811
do
2dm.,7s .-••••• 1 107*
115
102
do
lstm., 78,1906...+
115)5
115
Loulsv.C.A Lex. 1st m.7s, 97+
Louis.* Fr’k.,Loul8V.ln,68t’8l
Loulsv. & Nashville—
106
105
t 105
Leb. Br. 6s ’86
106
1st m. Leb. br. Ex.78,’80-35.+
106
Lou.In.
do
6s, 93...t 105 106
103
Jefferson Mad. * Ind. stock.
+ And Interest.
*
103*
=as.
active Railroad Stocks are
quoted on a previous page.
BONDS.
STATE
Alabama—Class A, 2 to 5
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to
59* Louisiana—7s, consolidated
7s, small
90*" Michigan—6s, 1883
7s, 1890
40
Missouri—6s, due 1882 or ’83
6s, due 1886
11!
6s, due 1887
68, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
57*
...
60
80
67
5
12*
Arkansas—6s, funded
7s, L. Rock & Ft. Scfttt iss.
7s, Memp. & L. Rock RR.
5
5
5
5
7s, L. RP.B.A N. O. RR.
7s, Miss. O. & R. R. RR...
7s, Arkansas Central RR.
....
,,,,
•
•
•
....
110* 111*
7s, new
7s, endorsed
7s, gold
109
110
101
101
101
Illinois—6s,coupon, 1879...
War loan
Kentucky—6s
11'i
Funding, 1894-95
Hannibal & St. Jo., 1886..
do
do
1887..
New York—6s, gold, reg.,’87
6s, gold, coup., 1887
*
*
♦
6s,
....
Railroad Stocks.
(Actioe previously quoted.)
Albany &
pref.
Burl. Cedar Rapids & No...
Metropolitan Elevated
N. Y. Elevated
Chic. & Mil., 1st
Winona & St. P.,
do
C. C. C. &
115
114
Hartf.
N. Y. New Haven &
N. Y. Ontario & West.,pref.
5163*
Peoria Decatur & Evansv..
Pitts. Ft. W. & Chic., guar,
do
do
spec’l.
Rensselaer & Saratoga
Itoledo Peoria &
United N. J. RR.
2
i*
118*
Warsaw..
55*
45*
104
§2*
Mining
*
*
*
pref.
80'
,
Co
82*
s;io8
lio
9*
10
52
53*
528
Railroad Bonds.
107*
36*
„lat mort., guar
Bur. Ced.R.A North.—1st,5s
9
36*
i* 92"
Minn.& St. L., 1st, 7s, guar
City & West’n,lst 7s
Central Iowa, 1st m.7s, 1899
Chesap.& O.—Pur. m’y fund
6s, gold, series B, int. def.
Iowa
deferred
& Alton—1st mort.
6s, currency, int.
Income
96*
98"
63
65"
*
35*
36*
4107*
m... 4...
4113
111*
g.,
5s.
Central of N. J.—1st m., ’90.
1st consolidated
do
_
assented.
96
100*
Am.
100
100
assent’d
Dock & Impr. bonds.
do
assented
Chic.Mil.& St.P.—lst.8s,P.D
98*
115*
101
do
idi’
100'
102
94
95*
ldi'
128*
?d
mort., 7 3-10, P.D.,1898
1st m., 7s, % g’ld.R.D.,1902 114"
lat m., La C. Div., 1893.... 4113* iii‘
4111
i»t m., I. & M\ 1897
ist m., I. & D., 1899
116
1st m., C. & M., 1903
HI* 113
Con. sinking fund, 1905...
8d mortgage, 1884
-J8* m„ 7b. I.A D.Ext.,1903
♦Prioes nominal.
121*
122
*
♦
*
t
109"
+ And accrued
109
•
•
•
•
withcp.ctfs
HI*
115*
110
115
Income bonds
Chic. St.P.& M’polls—1st.
6s
6s....
Chic.& Southwest—7s, guar
Cin. Lafayette & Ch.—1st m
Landgrant Income,
...
105*
....
Cin.& Spr.—1st,
118
4.!."
96*
110
newbonds. 106*
Cleve. P’ville & Ash., 7s
Buffalo & Erie, new bds.. 4116*
Buffalo & State Line, 7s.
Kal’zoo & W. Pigeon, 1st.
Det.Mon.A T., 1st, 7s.’1906
4116
Lake Shore Div. bonds...
do
cons,
cons,
cons,
cons.
coup., 1st
reg., 1st
coup., 2d.
reg.. 2d ..
Louisv.A Nash.—Cons.m.,'«
mort.,78, gold...
Metropolitan Elev—1st, 1908
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
81
....
si"
115
495
81*
120
f
102*
103*
4!
97*
97*
Tol.Peo.&W■_
Pur. Com. rec’pts, lst.E.D
1st mortgage, W. D
...
Burlington Div
112
98*
102
105
109
101
idi*
pref. inc.
lstpref. inc, for consol...
Wabash RR.Mortg. 7s of ’79
T.&Wab., 1st ext.7s
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex con
Consol, conv.. 7s
Gt. Western, 1st m., ex cp
do 2dm.,78/93,ex cp
Q. & Tol., 1st, 7s, *90,ex cp.
I11.& So. Ia., 1st m.7s,ex cp
Hannibal & Naples, 1st <s
St.L. K.C & N.R. E.& R.,7s
Omaha Div.. 1st mort., 7s
Clarinda b.,6s, 131®- •;
St.Chas.B’dge.lst, 7s, 1908
North Missouri. 1st m., 7s
117* 117* West. Un. Tel.—1900, coup.
1900, registered.....
C.C.C.*l.,7s
4103'
128
127*
111
112
Mid.—Stock
Convertible bunds
N. J. Midland—1st, 7s.gold.
N.Y. & Oswego
2d mort
New Jersey
So.—1st, 6s. new
St. Joseph &
2d_
Pacific—lstm.
mortgage
Western stock.
St. Jo. *
U.
60
g.,’I94
Pac.—South Branch
69*
90*
100
104
90
103
100
70
14
108'
100
85
80'
50
105
50
30
107
53
18
Southern
•
&
94*
22
84
70
35
12
85
113.
105
89*|
97
97*
55
30
50
101
90
107
103
107*
100
105
106
95
110
110
80
10
92
110
105
95
88"
55
108
65
35
110
57
22
5
95*
28
80**
42
17
100
99* 102
107
105
95
102
95
....
105
102
Securities.
South Carolina consol
Virginia coupons
do
consol, coupons...
126*
RAILROADS.
Ala.&Chat.—Rec’rs ctfs,var
93*
103*
J98
"95*
98*
debt certs,
ind’s Bl. & W’n-Inc., 1919..
Tnd’s Dec. & Sp’d, 2d Inc...
Int.* Gt. Nortnera—2d Inc
Leb. * Wilkes B.Coal-1888
Lake Erie & W’n-lnc.7s/99
Laf. Bl.* Mun.—Inc. 7.1899
Mobile* O.—1st pref. deben
2d pref. debentures
3d
do
98*
105
103*
108
110
*!!! 95
105* 106
116* 117
106
93*
70
65
78
77
34
65
48
63
8*
4»
*.".*.
68
V-
125"
112* N. Y.LakeE.*W .Inc. 6s!l977
Ohio Central—Inc., 1920.
these are latest quotations made this week.
59
70*
40
28
27
42*
50
10
87
75
20
20
93
100
108
112
r
Stock
78
85
Charl’te Col.* A.—Cons., 7s 105
107
2d mortgage, 7s
93
90
East Tenn. & Georgia—6s..
95 100
95 102
E.Tenn.* Va.—0s,end.Tenn
E. Tenn. Va. & Ga.—1st, „7s. 108
110
85
95
Stock
Georgia RR.-7s
116 119
50
105
110
Greenville & Col.—7s, 1st m.
7s, guar
105
105
Ang.—2d, endors. 100
Memphis* Cha’ston—1st,7s 100
Macon *
Stock
Miss. & Tenn.—1st m., 8s, A
1st mortgage, 8s, B..
N. O. * Jacks.—1st m., 8a...
Certificate, 2d mort., 8s...
Norfolk * Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage, 8s
Northeast., S. C.—1st m., 8a.
2d mortgage, 8s
1
Rich.* Dan.—1st consol., 6a
Southw. Ga.—Conv., 7a, ’86.
Stock
8. Carolina RR.- iat m., 7s.
8tock.
7a, 1902,
110
104
100
29
81
99
2d. 7s
Mississippi Cent —lstm.,7s
2d mort., 8s
113*
93*
40
Atlantic & Gulf—Consol....
Cent. Georgia—Cons, m., 7s
114
112
112
Col.Chlc.&Ind.C.,inc.7s,1990j
Cent. Iowa coup,
114
104
99
40
96
111
111
Oregon R. & Nav.—1st, 6s.
INCOME BONDS.
102*
57* Central of N. J.—1908 .....
no
Chlc.St.L.&N.O.—2d m. 1907
115*
•
107
L.—lst,7s, n.
St.L.* 8.E.—Cons., 7s,
St.L. Vandalia* T.H.-lst m
i
2d mortgage, guar
South Side (L. 1.)—1st mort
South Minn.— 1st m..7s, ’88.
1st mortgage, 7s (pink)—
Extension
Union & Logansport—7s....
127
Spring.VTW. Works—1st 6s
124
T
450*
for 2d mort.
50
Equipment bonds, 7s,
90
105
127
127
.
....
„
104
110
•
•
98
100
105
112
113
39* 41
1st
113
113* 113*
57
2d mortgage, inc., 1911....
H. & Cent. Mo.. 1st., 1890. 4107
Mobile & Ohio—New m., 6s. 102*
Nash. Chat. & St. L.—1st 7s. 113
103*
N. Y. Central—6s, 1883
109
do
1st m., reg.
Huds. R., 7s, 2d m., s.f.,’85
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup..
do
1st m., 7s, reg....
N. Y. Elevated-lst, 7s, 1906
N. Wisconsin—1st, 6s
109
112
108
116
•
•
57
78
95
106
95
45
22
30
97
80
105
101
105
99
2d
do
....
8*i*
•
•
107
107
(Broker*' Quotations.)
St. L.& Iron Mount’n—1st m
98*|
2d mortgage...
STATES.
103*
103*'
Arkansas Br., 1st mort...
N. Carolina.—New 4s
71
107
105*
Cairo & Fulton, 1st mort.
So.Carolina—Con., 6s (good)
95
101
103*
Cairo Ark. & T., 1st mort.
Imp’t. cons
95
4110
St. L. Alton & T. H.—1st m.
M.&S.+103
ids" Texas—6s, 1892
2d mortgage, pref
7s, gold, 1892-1910 .. J.& J. +111
475" 89
do
Income
7s, gold, 1904
J.&J. +112
116
Belleville & So. Ill., 1st m. 4....
Virginia—New
10-40s
103
St. P.& Sioux C.—1st 6s.l919 101*
Past-due
Coupons.
110
St. P. M. & Manit’a— 1st, 7s. 109*
Tennesssee State coupons.
10
2d mort., 6s, 1969
115
Equipment bonds
6s, 1887
6s, real estate
6s, subscription
N. Y. C. & Hud., 1st m., cp.
N.Y.&Greenw.
114
Phil.& Read.—
Cons. coup. 6s
122*
120* 121
6s. 1909
Mo.K.& T.—Con8.ass..l904-6
4 No price to-day;
....
A
t....
Registered 6s, 1911. ......
Coupon 7s, 1911
Registered 7s, 1911........ 440
119
Improvem’t, coup., 6s, 97
50
General, coup., 6s, 1908...
479*
7s, 1908... 450
do
do
106*
Inc. mort., coup., 7s, 1896.
109*
Deb. mort., coup., 6s, 1893
107*
Deb. mort., conv., 7s, 1893
57*
108
Rome Wat. & Og.—Con. 1st.
114
Mich S. & N. Ind., s. f., 7s.
Cleve. & Tol., sink. fund.
interest.
-2d
8tock
Chic.& Can. So.—1st m.,g.,7s
Chic. & E. Ill.—S.F.c’y,1907.
85*
85*
Ul.Cent.—Dub.&Sioux C.lst
Dub. & Sioux C., 2d div... 4110* 109*
Cedar F.& Minn., 1st m.. 107*
114
Ind. Bl’m & W.—1st, pref. 7s
74*
72
1st mort., 7s, 1900
60* 62
2d mort., 1909
97
Ind’s Decatur & Sp’d 1st 7s
99'
Int. & Gt. North. 1st 6s,
2d
•
111
St.L.Va.&T.H., 1st g.7s,’97
do
2d 7s, 1898
do"
2d gtd.7s, ’98
112
119
4.... 119*
120
124
....
107
Convertible
do
assented
Adjustment, 1903
Lehigh & W. B.,con.,g’d..
.
idi
*
102
—
-
8s, 1917,
100
*
106
Cecilian Branch, 7s.
Nashv. & Decatur, 1st, 7s.
4fu
L. Erie & West.-lst 6s, 1919
Laf. B1.& Mun.—1st 6s. 1919
Miss.Riv.Brldge,l8t,8. f,6s
Manhattan Beach Co. 7s, ’99
Chic. Bur. & Q.—8 p.c., 1st m 4110*
122
122*
&Man. Beach 1st 7s,’97
N.Y.
Consol, mort., 7s
i
Marietta & Cin.—1st mort..
^os, sinking fund
1st mort., sterling
Chic. Rk. I.& P.—6s, cp.,1917 117* 118
Louis’a & Mo.,1st m., guar
do
2d 7s, 1900.
8t. L. Jack. & Chic., 1st m.
*
4100*
2d C., Main line, 8s
2d Waco & N., 8s
Inc. and ind’y, 7s
4120
«
113"
Cleve.A Pitts., consol., s.f.
do
4th mort...
Col. Chic. & I. C., 1st con.,
2d con...
do
do 1st Tr’t Co.ctfs.ass.
suppl.
do
do
ass.
do 2d
do
...
2d mort..
Hous.& Tex. C.—1st, m. l.,7s
Istmort., West. Div., 7s..
1st mort., Waco & N., 7s.
do
do
do
do
•
•
Lake Shore—
Stock Exchange. Price*.
Balt. & O.-lst 6s,Prk.b.l919
Boat. II. & Erie—1st m
registered
Keok.& Des M., 1st,
•
4115"
Susqueh., 1st m.
do 1st, con., f, cp.,7s
do 2d,con.,f.cp.,os,6s
Han. & St. Jos.—8s, conv..
20
Silver Cliff
Standard Cons. Gold Mining
1st
•
1916
N.Y.L.E.&W.,n.2d,con.,6s
!63*
...
Mining Co..
Sinking fund
Jdiet & Chicago,
lstm., 6s, ’95,
-
•
....
Long Dock bonds
BuflT N.Y.& E, 1st m„
30
pref
Mining
Chicago
extended
1883
15*
104
107
•
....
1891
3d mortgage, 7s,
4th mortgage, 7s, 1880
5th mortgage, 7s, 1888
1st cons, gold7s, 1920
*
94*
(Broker*' Quotation3.)
RAILROADS.
113* 114
Atch.&P.P’k—0s,gld, excp.
104* 1104* Bost. & N. Y. Air-L—1st m.
irv*
Cent. Iowa.—1st m., new....
100
•
•
Miscellaneous List.
89
96
Q
....
Reg. 7s,’94.
„
^
Kansas Pac.—
a
•
8
95*
77
69
....
Denv.& R. Grande—lst.1900
Erie—1st mort., extended..
2d mortg., ext’n 5s. 1919..
30“
N.Y.&StraitsvilleCoal&Iron
do
105
•
1st con., guar 4109*
4124
Rens.& Saratoga, lst.coup
do
1st. reg. 4124
Mining
Colorado Coal & Iron
Consolidation Coal of Md..
Cumberland Coal & Iron....
Deadwood Mining
Excelsior Mining
Gold & Stock Telegraph....
Homestake Mining
La Plata Mining
Leadville Mining
Mining
Oregon Railway & Nav.
Pennsylvania Coal
Pullman Palace Car
Quicksilver
•
1st Pa. div., coup., 7s, 1917
reg., 7s. 1917 .
do
do
do
Climax
^
564
T.
t
115
70
Sinking fund
Registered. 8s
Collateral Trust, 6s
....
....
106
100
E’^llle— Incs
St.L.I.M.&S.—1st 7s,prf .int.
2d int., 6s, accum’latlve ..
• •
....
95"
Peoria Dec &
98
•
57~
24
7
95
1st m., g’d L. S. & M. 8., 7s.
116* 118
HO*
1st m.. 6s,’96,
do
102* Denver Pac.—1st,7s,Id. gr.jr|
Den. Div. 6s ass. cp.ctf... 4102*
Erie & Pittsburg—1st m.,7s
90
89
do
1st consol. 6s
102
Con. mortgage, 7s
Pacific RR. of Mo.—1st m. 107*
78, equipment
4109
2d mortgage
118*
Evansv. & Crawfordsv. -7s.
115
• ■—
Income, 7s
Flint & Pere M.-8s, I’d gr’t
;129
1st m., Carondelet Br...
Consolidated 8s
4*.*!! 98"
St.L. & S.F., 2d 6s.class A.
118*
Stock
70
3-6s, class C. 4....
105
do
Galv.
Hous.A H.—7s, gld,’71
71*
3-6s. class B.
102
do
Gr’nd R.&lnd.—lst.Ts.l.g.gu
do 1st 6s,Peirce,C&O
Ill*
1st, 7s, Id. gr., not guar...
^03*
109
South Pac. cf Mo—1st m.
109*
1st, ex. 1. gr.,7s
103
104
Texas & Pac.—1st, 6s, 1905..
nous.* Gt.N.—Ist,7s,g.l900
95
93
lio*
Consol. 6s. 1905
Indianapolis & St.L.—1st, 7s
57*
Income and land gr t, reg.
2d mortgage
4107
Pennsylvania RR—
Indianap.* Vine.—1st,7s, gr
Pitts.Ft.W.A Chic., 1st m. 129* 127
Kansas & Nebraska—1st m.
do
113"
do
2d m..
T
2d mort
I
do
3d m.. 119 120* Long Island—1st mortgage.
do
4118*
7s
Coup., 78,’94
Albany &
55*
Ontario Silver
mortgage,
•
.
107*
Pacific—Gold bds.
San Joaquin Branch....
Cal. & Oregon, 1st
State Aid bonds
Land grant bonds
Western Pacific bonds..
South. Pac. of Cal.—1st m.
Union Pacific—1st mort..
Land grants, 7s
•
0s, ex matured coupon....
6s, consol., 2d series
6s, deferred
4* D. of Columbia—3’05s, 1924.
Small
4*
Registered
Funding 5s, 1899
do
registered
•
55*
5
.
96*
6s.
f’d 4114*
Central
•
22
22
22
82
18*
-
27
27
^
a
•
•
AND BONDS.
110*
119*
.
120
bonds, 1900
construct’n
7s of 1871.
1st con.,g’d..
do
do
do
111*
111
Mining....
Central N. J.Land Imp
do
•
112
2d mortgage
1st
Central Arizona
do
•
112
2dm....
Del.&Hud.Canal—lstm.,’84
& Canal..
Maryland Coal
Montauk Gas Coal
•
110*
..
Ind’s—1st, 7s, s. f.
do
do
do
do
American Coal
Boston Land Company
Boston Water-Power
Canton Co., Baltimore.
Caribou Consol. Mining
_
1st m.
1st, 7s
S^r.
orris
Bitdo&gh.
Essex,
& N.Y.,
1st m
2d mort.
526"
pref.
Adams Express
American Express
United States Express
Wells. Fargo & Co
Mariposa L’d &
*
•
1SU
3*
110
119
7s, convertible
Mortgage 7s. 1907
5118"
Ogd...
Miscellaneous St’ks.
Little Pittsburg
•
* t
new
Virgina—6s, old
6s, new, 1866
6s, new, 1867
11
108
110
115
2d consolidated
1st m., Springfield div ....
Ohio Cent., 1st m., 6s, 1920.
Peoria Dec. & E’ville, 1st 6s
Pacific Railroads—
r
A
*»••••
•
•
•
t
122
Consol, mortgage
C. St.L.A N. O.- Ten. lien
1st con. 7s
Del. Lack. & Western—
Indiandpolis
Terre Haute &
Texas & Pacific
•
•
& Chicago..
Watertown &
St. Paul & Duluth
do
do
Stonington
101*
0s,
4*
36*
3*
30
0s, new series
^
3*
Consolidated
90
102
....
Memphis & Charleston.....
Rome
1
* ^
*
3*
Nevada Central—1st m.
Ohio & Miss.—Consol, s.
102
88
*
2*
Island—6s.coup.’9S- 9
MISCELLANEOUS STOCKS
...
Keokuk & Des Moines
do
do
pref.
Long Island
Louisv. N. Alb.
Rhode
30
28*
Ohio-68.1881
6s, 1886
South Carolina—
0s, Act Mar. 23, 1869. >
Non-fundable
)• **
Tennessee—6s, old
30"
•
110
110
90
90
10
10
17
17
class 2
class 3
do
do
Registered gold bonds. .
Sinking fund
12l"
t
Iowa Midland, 1st m., 8s.
Galena & Chicago, exten. 7104*
Peninsula, 1st m.,conv... *110
528
119
28
Special tax, class 1
107
107
1st mortgage
Coupon gold bonds
68
Dubuque & Sioux City
Frankfort & Kokomo
Harlem
Ind Bloom. & Western
Intern’l & Gt. Northern
Chatham RR
Consol, bonds
Extension bonds
112*
off, A.&O.
107*
Chic. &
Int. bonds
112
off, J. &J.
coup,
do
1868
New bonds, J. & J
do
A.&O
Northw.—Sink, f’d 4H0"
.105
555
Cedar Falls & Minnesota...
Chicago & Alton, pref
Clev. & Pittsburg, guar
coup,
110
111
Chic. M.&St.P.—Continued.
3.-west div., 1st 6s, 1909..
1st 5s, LaC. & Dav., 1919.
1st 8o. Minn. div. 6s, 1910.
1st m., H. & D., 7s. 1910...
106
37
Susquehanna
Boston & N. Y. Air L.,
do
do
118
AND
RAILROAD
.
Funding act, 1866
109*
1892
do
York—68, loan, 1893
North Carolina—6s, old.J&J
6s, old, A.& O
No. Car. RR., J. A J.......
do
A.& O
102
107
108
108
6s, loan, 1883
6s, do 1891
....
New
43
103
113
....
106
100
Connecticut—6s
Georgia—6s
45~*
44*
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
YORK.
Prices represent the per cent value, whatever the par may 6d.
AND BONDS IN NEW
QUOTATIONS OF STOCKS
U. S. Bonds and
563
THE CHRONICLE.
1880. J
Mat 29,
non-enjoined
—
Non-mortg. bonds
West Ala.—1st mort., 8s....
2d mort.. 8e, guar. .... ...
Western N. C.—1st m..7§...
102
105
115
100
110
108
100
101
105
107
118
102
112
112
125
180
....
J04
110
104
105*
12
75
89
112
1*2
102
104
115
103
107
99
103
10
73
85
309
109
97
106
I No quotation to-day; latest sale this week.
Fvf'iV-
CHRONICLE.
THE
564
NEW YORK
Bank
Capital.
Companies.
LOCAL
[VOL. XXX.
SECURITIES.
Stock List.
Insurance Stock List.
Dividends.
Surplus
latest,
dates. §
[Quotations by K. S. Bailry, Broker,7 Pine Street.]
Price.
at
Mark’d thus (*)
are not Nat’..
Ut
fi
Amount
100 3,000,000
America*
Am. Exchange. 100 5,000,000
100
250,000
Bowery
25 1,000,000
Broadway
Butchers’* Dr. 25
300,000
100 2,000,000
Central....
Chase
100
300,000
25
Chatham
450,000
100
Chemical
300,000
25
Citizens’
600,000
100 1,000,000
City
100 5,000,000
Commerce
Continental.... 100 1,000,000
Corn Exch’ge*. 100 1,000,000
Sast River
25
250,000
11th Ward*.... 25
100,000
100
Fifth...
150,000
100,000
Fifth Avenue*. 100
First
100
500,000
100 3,200,000
Fourth
....
Leather Manuf.
Manhattan*....
Manuf. &Mer.*
Marine
Market
Mechanics’
Mech. Assoc’n.
Mech’ics & Tr.
Mercantile
Merchants’.
Merchants’ Ex.
...
Metropolis*.
Metropolitan..
.
Murrav Hill*..
Nassau*
New York
N. Y.County..
N. Y. N. Exch.
Ninth
No. America*..
North River*.
Oriental*
Pacific*
Park
People’s*
Phenix
Produce*
Republic
St. Nicholas....
Seventh Ward.
Second.
Shoe & Leather
Sixth
State of N. Y..
Third
..
Tradesmen's...
Union
West Side*
100
600,000
1,000,000
750,000
200,000
200,000
200,000
225,000
1,000,000
J. & J.
8
6
11
16
J. & J.
7
M.&N.
J. & J.
J. & J.
J. & J.
M.&N.
1. & J.
J. & J.
F.&A.
1 521.300
2,888.500
189,100
882,700
6
6
10
8
*
-
600,000
May,
Jan.,
Jan.,
Jan.,
Jan.,
Mar.,
Jan.,
May,
Ja
„
'80. 3* 144
148
’80. 3*
116*
’80. 5
’80. 8
’80. 3
’80. 3*
118
’80. 3 ■SQ17*
’80. 3
110
’80.15
’80. 3
tt
•
....
•
•
•
....
.
May, 80.10
•
•
•
200
113
715
,
r
3*
4
+
r
r
6
222.100
t
275
2.035,200
1,001,800
I & J.
3J5.700 V4 &N
72^,500 A.& O.
J
& J
.
42.500
189,900 M
683,700 J.
167.600 J.
55.600 J.
0
3
6
-
111.500
144.690 J.& J.
67,500 J. & J.
172.800 J. & J.
10
12
5
7
8
8
7,000
671,700 F.&A.
133.500
•
•
•
•
T
.?r
j.
T
158,300 J.& J.
35,500 J. & J.
274,600 M.& N.
133,200 J. & J.
280 000 J. & J.
746,7C0 M.&N.
116.6C0 I. & J.
250
...
T
’80 3*
’80. 3
’80. 3*
135
90
’30. 5
’80. 6
149
13S
145
May, ’80.
Jan., ’80.
7
Jan., ’SO.
3
Jan., ’79.
July, ’74.
6* Feb., '80.
3
Jan
’SO.
Jan., ’80.
•
-
,
3
9
10
6
7
3
....
ion
g
8
2*
3 124
3*
3
3*
101
103
100
125
120
101*
4
3
3
’80. 4
131
Jan.,’80. 3*
Jan., ’80. 8*
7
8
12
May. ’80. 5
Jan.. ’80. 6
....
....
S ine
figures in this column are of date April 23,1880, for the National banks
and of date March 20,1880, for the State banks.
Gaa and
City Railroad Stocks and Bonds.
[Gaa Quotations by George H. Prentiss, Broker, 19 Broad
Street.]
Gab Companies.
Par.
Amount. Period.
[
*25
Brooklyn Gas Light Co
Citizens’Gaa Co (Bklvn)
„
do
20
bonds
Harlem
1,C00
50
20
50
100
V-r.
100
Jersey City & Hoboken
Manhattan
Metropolitan
ao
..
certificates
Mutual, N. Y
do
bonds
1,000
Nassau, Brooklyn
do
25
Va
100
10
scrip
New York
.
People’s
(Brooklyn)
ao
do
bonds
do
do
certificates.
Central of New York
Williamsburg
do
bonds...’
Metropolitan, Brooklyn
Municipal
do
bonds
Fulton Municipal
315,000 A. &
1,000,000
1,500,000
Bid. Ask.
*
130X
70
105
Feb.
75
Jaa.,
160
June,
195
Feb
’80 xl38 145
Feb
3*
,’80 101
104
!* Juiy, ’79 72* 78
1882
100
104
2* Feb., ’80 55
60
3* Nov, ’79 95
100
4
May, ’79 102
105
3* Jan.. >76 37
40
7
1397
97
100
3* Jan., ’80 75
85
3
60
Auj., ’79 50
1* Jan.. ’80 70
75
6
1900
100
102
2* Jan., ’80 65
75
5
•Jan., ’80 155
165
6
1888
105
110
80
90
/. & j:
M.&N.
J. & J.
F.& A.
Quar,
A.& Q.
M.&N.
750 000 M.&N.
'ioo 1,500,000)
1898
Ferry—St’k
100
1,000
I
1st mortgage
1,000
100
L
Brooklyif
1st
Hunter’s Pt.—St’k
mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Central Pk. N. & E. wiv.—Stock
Consolidated mort. bonds
Christopher & Tenth St.—Stock
100
7
2
7
1,000
100
100
1,000
100
200,000
J.& J.
J. & J.
J
& J.
.
J.&D.
F.& A.
250,000 J. & J.
..
■
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
J00
1,000
100
7
3
2
Q—J.
A.&O.
Bonds
1,000
100 1,200,000 Q-F.
Dry Dock K.B.& Batt’ry—Stock
1st mortgage, consolidated
500&C
900,000 J. & D.
100
Eighth Avenue—Stock
1,000,000 Q—J.
1st mortgage
1,000
203,000 J. & J.
42d St. & Grand St. Ferry—St’k
100
748,000 M.&N.
1st mortgage
1,000
236,000 A.&O.
Central Cross Town—Stock
100
’•»
600,000
1st mortgage
1,000
200,000 M.&N.
Houst. WestSt.A Pav.F’y—St’k
100
250.000
1st mortgage
500
500.0001J. & J.
Second Avenue—Stock
100 1,199,500 J. & J.
3d mortgage
1,000
150,000 A.&O.
Consol, convertible
1.000 1,050,000 M.&N.
Extension
200,000 M.&S.
_
3*
300,000 M.&N.
400,000
300.000
500,000
1,800,000
1,200,000
650.000
•
•
750,000 M.&N.
500,000 J. & J.
*.
H Jan., ’80
694,000 J. & J
•
7
2*
3
7
2*
7
3
7
3
7
6
7
..
.
t
7
7'
2*
7
7
7
5
7
5
7
4
7
300,000
200,000
153,000
300,000
210,000
250,000
300,000
200,000
1,000,000
300,000
200,000
200,010
200,000
204,000
150,000
200,000
1,000,000
1,000,000
200,000
200,000
200,000
150,000
500,000
200,000
3,000,000
150.000
Prior,
Last Paid.
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
-
300,000
200,000
250,000
•
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000/
350,000
200,000
200 000
150,000
150,000
1.000,000
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
300,000
250,000
300,000
250,000
*
Over all liabilities,
includes scrip.
Jan., ’80. 6
10
Jan., •SO. 5
Dec., ’79. 0
20
18
Feb., ’80. 8
300,404 20
20
196,447 20
Jan., ’80.10
20
486,579 20
Jan., ’80.10
Feb. ’80. 5
163,420 17* 10-72 10
Jan.. ’80. 5
12
11
130,255 18
2,725 5
N’ne
July, ’77. 5
io
18
Jan., ’80. 6
112,401 25
1 108,151 12-50 1340 1365 Jan. ’80.6-85
544.412 20
15
20
Apr. ’80. 7*
Jan.. ’80. 3*
10
10
73,853 14
Feb. ’80. 5
10
10
09,155 15
13S.833 15
15
15
Jan., 80. 7*
10
68,936 12
8* Jan., ’80. 3*
11
11
Jan., ’SO. 5
76,147 12
7
136,442
Jan., ’80. 5
Jan. ’80. 5
10
10
875,666 io
14
22
752,754 30
Jan;, ’SO. 7
10
Jan., ’80. 5
10
118,251 20
40
30
30
343,749
Jan., ’SO. 7*
• an..
7
7
22,908 10
’80. 3*
120 806 20
Jaa.,
’80. 7*
12*
17*
10
20
685,945 10
Jan., ’80. 5
Jan., -’SO. 5
10
10
54,536 10
10
10
Jan., '80. 5
1,320.785 10
10
•Jan.,
4,089 10
3*
’79. 3*
10
5
Jan., ’80. 5
116,815 12
10
10
Jan., ’80. 5
78,922 12
6,483 13
10
8* Jan., ’80. s
Mar. ’80. 5
10
290,776 10
10
20
Jan., ’80. 0
103,014 20
20
5
Jau.,
4,938 10
5
’80. 5
14
Jan., ’80. 5
134,907 20
1
10
Jan., ’80. 5
10
97,680 10
10
Jan., ’80. 5
10
31,104 10
13
Jan., ’80. 5
253,533 20
16
Ja n., ’80. 4
5
34,202 10
10
12
Jan.,
12
182,909 12
’80. 6
10
Jan., ’80. 5
10
140,928 20
20
Jan., ’80. 6
20
238,166 30
20
Jan., 80. 7
163,596 20
20
10
10
Jan., ’80. 5
36,832 10
13
Jan., ’80. 5
16
159,762 20
10
Jan., ’80. 5
12
109,954 18
20
Jan., '80, 7
20
20
147,011
10
Tan., •80. 5
10
101.513 14
15
Jan., ’80 5
20
316,395 20
Fe
j.
12
14
’80. 5
130,185 17
N’ne
20.068
5
Jan.,
N’ne
’79. 5
1,065 10
12
Jan., ’80. 6
11
517,458 12
8
Apl., ’80. 4
10
108,148 11
Jan. ’80. 10
20
30
390,052 20
12
Jan., ’80. 6
12
89,737 20
20
Jan., ’80. L0
20
190,043 20
Jan
12
12
’80. 6
103,739 18
10
15
Jan., J80. 5
467,O^ 20
10
10
iJan., ’80. 5
43,577 10
5
Jan., ’80. 3*
26,725 10
20
20
Jan., ’80. 10
175,334 20
9
10
10,841 10
Feb., ’80. 3
169.090 1235 6-23
9-7 3 Jan., ’80. S-23
121,591 17* 12* 12
Jan.. ’80. 5
10
28,519 10
8* Feb., ’80. 3*
14
10
137,084 16
Jan., ’80 5
10
10
J an.
’80. 5
102,389 20
12
11
215,455 16
Jai., ’80. 5
10
10
10
’SO. 5
Jan
121,502
20
20
Jan
’80. 10
443,695 20
1
19
08
21
J’ly,1900
101 v;
95
Apr.,’P0i 90
July, ’84 102* 105
May, ’80 165 175
110
Nov.,’80:102
Apr. ’SO 140
150
95
Apr., ’80
100
1888
102* 105
JaD., ’80 85
95
Jan., ’SO 80
85
Dec.1902 107
110
65
Feb., ’80
70
1*90
05
100
125
May, ’80 119
June, ’93 110
115
Apr., ’80 160
175
Jaa.. ’84 100
110
180
May, ’80 170
115
Apr., ’93 110
25
30
Nov.1904 100
105
20
Juiy, ’94 98 ioi
Jan., ’80 57
60
Apr., ’85 100
102*
May, ’88 94
»7*
Sept..’83 93
96
May. ’77 125
i*15
July, ’90 110
May, ’80 160
175
July, ’90 103
105
115
Feb., ’80 110
Mav. ’93 105
112
10*
14
10
20
20
20
20
62,545 10
386,940 20
*
500,000
.
Bid. Ask,
....
.
including re-insurance, capital and scrip,
125
93
185
195
182
190
117
130
60
105
17?
185
05
100
120
95
105
....
T *
i
200
2C0
123 ‘
140
75
115
....
100
107
100
...
130
140
137
110
250
60
130
160
80
130
55
100
95
60
135
170
50
117
100
85
130
-
-
^
-j
135
100
150
150
75
123
115
155
100
155
110
60
....
140
110
205
108
180
105
125
.
%
f
.
70
150
55
125
102
70
113
100
125
.
.
•
203
140
115
70
135
165
90
133
,,M
102
70
141
90
136
-80
140
105
160
130
160
109
163
120
70
65
145
115
•
•
•
•
112
130
90
75
160
70
130
105
80
120
105
137*
110
l....
t Surplus
City Securities*
[Quotations by Daniel A. Moran, Broker, 27 Pine Street.]
Price.
Interest.
Rate.
tftio York:
Water stock
1841-63.
Croton water stock.. 1845-51.
do
..1S52-60.
do
Croton Aqued’ct stock. 1865.
pipes and mains...
reservoir bonds
Central Paik bonds. .1S5S-57.
do
do
do
..1853-65.
no
Dock bonds
1870.
do
1:75.
Market Btock
: .1865-68.
Improvement stock...-. 1869
do
ao
Consolidated bonds
Street imp. stock
•
2,000,000 Q-F.
1st mortgage
1,000 2,000,000 J. & J.
100
Twenty-third Street—Stock.
600,000 F. &A.
let mortgage
260.000 MJ& N.
1,000
This column shows last divi dend on stocks, but the date of
maturity of bonis
..
1877. 1878. 1875.
475,871 15
,
900,000 J. & J.
100 2,100,000 Q-J.
Broadway & Seventh ay- St’k
1st mortgage
1,000 1,500,000 J. & D.
10 2,000,000 Q-F.
Brooklyn City—Stock
'
...
100
’78 70
’SO 150
’80 190
[Quotations by H. L. Grant, Broker. 145 Broadway.]
Bleecker St. & Fulfc.
1st mortgage
Jan. 1,
1880.*
400,000
200,000
May* ’80 125
2* Feb;, ’80 63
5,000,000 Quar.
1,000,000 F.& A.
1,000,000 Var
700,000 M.&N.
4,000,000 VI.&N,
100
100
50
50
Date.
7
3
7
8
5
O.
1,000,000 M. & S.
1,000
Var.
Rate,
American
+ 50
American Exch too
Bowery
25
25
Broadway
17
Brooklyn
Citizens’
1 20
70
City
Clinton
100
Columbia....... 30
Commercial
50
Continental., t 100
40
Eagle
Empire City.... 100
30
Exchange
50
Farragut
17
Firemen's
Firemen’s Tr.. 10
Franklin&Kmp 100
German-Amer. 100
50
Germania
50
Globe
Greenwich
Guardian
100
Hamilton
.'. 15
Hanover
50
Hoffman
50
Horae
100
25
Hope
Howard
50
Importers’* T.. 50
100
Irving
Jefferson
* 30
Kings Co.(Bkn) 20
Knickerbocker 40
Lalayette(Bkn) 50
Lamar..
100
Lenox
25
LongIs].'Bkn;f 50
Lorillard
25
Manuf'.& Build. 100
Manhattan
100
Mech.&Trad’rs' 25
Mech’lcs’(Bkn) 50
Mercantile..
50
Merchants’
50
Montauk (Bkn) 50
Nassau (Bklyn) 50
National
37*
N. Y. Equitable 35
New York Fire 100
N. Y. & Boston 100
New York City 100
50
Niagara
North P.iver.... 25
Pacific
25
Park
100
Peter Cooper... 20
50
People’s
Phenix
50
Relief
50
Republic
t 100
25
Rutgers’
St.Nicholas
25
Standard
50
Star
100
100
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
10
WeBtchester...
50
William8b’gC
5
1,850.000 F.&A.
750,000 J.& J.
4,000,000 I.&J.
2,500,000 M.& S.
1,000,000
300,000
300,000
466,000
1,000,000
1,000,000
1,000
Yar.
Yar.
2,000,000
1,200,000
Dividends.
Surplus,
Amount
.
Jan., ’SO 3
May, ’SO. 3*
7
7*
150
^
lan.
6
10
8
97
’80. 4
Jan.
Par.
.
May. ’80. 3
Jan., ’80. 4
10
6
6
-
56,800 J.&
242
Ji>n., ’80. 7
Jan., ’80. 4
Jan., ’78. 3
8
Jan.. ’80. 4
7
Feb., 80. 3*
2* Juiy, ’79. 2*
_
S3
‘
7* Feb.. ’80. 3*
5
Jan., ’80. 2* 105
July, ’77. 3
7
Tan., ’80. 3*
8
Jan., '80. 4
10
10
6
8
6
•
*
V
’80. 3*
Jan.
5
8
8
....
427.800 J.& J.
125.400 J. & J.
193,600 J. & J.
80
r
*
’77. 3
JaD.,
Jan.,
5* Jan.,
7
Jan,,
9
Jra.
12
Jan.,
....
Q-F.
%
Nov., 79. 3
7
6*
.
-
Jan., ’80. 3*
7* Jaa., '80. 4
122
8
Jan.. ’80. 4
4
May, ’80. 2* 74
2* Juiy, ’79. 2*
3
May, ’79. 3
6
.
•
3
.
7
8
2
.
1 oq nnn
T
.
'80. 3
M ay,
7
14
8
,,,,
&N.
& J.
& J.
& J.
1,200,200 J. & J.
73.5C0 J. & J.
6i,:oo M.&N.
837.800 •J & J.
44,700 J. & J.
80.900 F.&A.
215,200
5
....
.
30. 3*
Mav
A pf
f
.
J. & J.
3 23,600 J. & J.
284 J00 J. & J.
986 900 J.& J.
80.50U M.&N.
Apr., ’80. 5
Jan., '80. 3* 115
7*
*80. 4
2* Feb., ’80. 2*
0
Mav, '80. 5
7
14
8
3
11
8
035.100 F.&A
10,500
120
6
7
12
6
10
7
Q-J.
435,400
Capital.
...
Jan., ’80. 4
3* Jar., ’80. 3*
10
Feb ’80. 5
Jan., '80. 3*
July ’76. 3
6
Jan., ’60. 3
10
66,100 f. & J.
12,400 J. & J.
40,800 T. & J.
Ja3.,
6
10
16
6
7
3
6
100
6
10
8
Bl-m’ly 100
04.100 F.&A.
65,700 May.
68,500
20 000 M.&N.
23,600 1. & J.
253,100 J. & J.
1,500,000 1.946,000 J. & J.
500,000 144.900 •T. & J.
8,400 J. & J.
100,000
50 2,050,000
20
100,000
100
400,000
100
500,000
25 2,000,000
50
500,000
25
200,000
100 1,000,000
50 2,000,000
50 1,000,000
100
300,000
100 3,000,000
100
100,000
100 1,000,000
100 2,000,000
100
200,000
100
300,000
100
750,000
70
700,000
30
240,000
25
800,000
50
422,700
100 2,000,000
25
412,500
20 1,000,000
50
125,000
100 1,500,000
100
500,000
100
300,000
non
100
100
500,000
100
200,000
100
800,000
100 1,000,000
40 1,000,000
50 1,200,000
100
200,000
7*
92 200
889.00d
67,900
178,600
3,329 800
167,100
Net
Bid. Ask.
Last Paid.
Companies.
J. & J.
1,545.800
1.504,400
198,800
1,224,400
.....
30
50
Gallatin
German Am.*
75
German Exch.* 100
100
Germania*
Greenwich*.... 25
Grocers*
30
Hanover
10U
Imp.& Traders’ 100
50
Irving
Island City*... 50
Period 1878. 1879.
—1869.
var.
var.
do
do
var.
New Consolidated
Westchester County... ....
Consolidate!
,
*
5
5
6
6
7
6
6
7
6
7
6
7
0 £•
6
7
0 £•
7
5
Payable.
Feb., May Aug.& Nov.
do
do
do
do
do
do
May & November.
Feb.,May, Aug.& Nov.
do
do
do
do
5
5
Assessment
Months
May & November.
May & November.
'
do
do
do
do
do
do
do
do
do
do
January & July,
do
do
Quarterly.
May & November.
Bonds
due.
Bid. Ask
100
105
104
106
112
1907^-1911 118
108
1898
115
1895
122
1901
115
1898
1894-1897 118
107
1889
115
1890
115
1901
107
1888
102
1882
115
1896
118
1894
107
1926
102
1884
1880
1890
1883-1890
1884-1911
1884*1900
101
106
109
120
125
120
109
116
135
116
120
108
116
118
108
105
116
110
109
103
[Quotations by N. T. Beers, Jr., Broker, 1 New St.]
Brooklyn— Local irn »r’em’t—
City bonds
do
Prtrk bonds
..
Water loan bonds
Bridge bonds...
Water loan.
City bonas
Rings Oo. bonds
«
do
clo
7
7
7
7
7
6
0
7
3
6
Park bonds
Brldgf....
Jaiuary & July,
do
do
do
do
ac
*
lo
io
do
do
do
do
do
Mav & November.
‘lo
do
Januarv * Julv.
do
do'
1880-1883
16*3-1691
1915-1924
1900-1924
1904-1912
1886-1902
1881-1890
102*
107
126
126
126
104
103
1880-1883 106
1880-1885 114
1924
1116
1907-1910 135
•AlllJrooklyn bonds flat.
[Quotations by C. Zabriskie, 47 Montgomery St.. Jersey City.]
Jersey City—
Water loan
do
long
January & July.
1869-71
Improvement bonds
Bergen bonds........1868-69.
January <fc Juiy.
J. & J. and J & D,
J&nuarT and July.
101
1896
1699 1002 107
1801-94 105
100
1900
108
10«
10 *
101
May 29,
565
CHRONICLE.
THE
IS80.J
have been increased to at
has been gradually put in
thoroughly good condition, and has at all times been ready to
AND
meet the requirements of our different branches of trade.
We
STATE, (JITF AND CORPORATION FINANCES.
labor, however, under great disadvantage in having to use
side-wheel steamers on the Central American coast. The grow¬
THE INVESTORS’ SUPPLEMENT.
ing business on this coast compels the necessity of using the
The Investors’ Supplement is issued every other month, and side-wheel vessels during the coffee season, as we are otherwise
deficient in tonnage to meet all the demands of this division of
the next number will be published Saturday, June 26.
our line.
This prominent need supplied—as it soon will be—the
profits
will
be largely enhanced. No losses have occurred, and
The extended table of ‘‘General Quotations of Stocks and
no accidents of any moment are to be reported.
The credit of
Bonds” is published in the Chronicle on the first Saturday of
this company is excellent abroad and at home. It gives me
month.
each
pleasure to state that during the past year the liabilities of the
INDEX SINCE APRIL SUPPLEMENT.
company have been reduced over $500,OdO, And no new indebt¬
The following is an index to all reports and items heretofore edness incurred.”
Following is a statement of the earnings aud'expenses of the
published in the Investment Department of the Chronicle
since the last issue of the Investor’s Supplement; annual Pacific Mail Steamship Company for the year ending April 30,,
1880:
reports are indexed in black-faced type :
EARNINGS.
for these obstacles the profits would
least $750,000. The company’s fleet
Umiestwcuts
Allegheny Valley
463
Atch. Top. &San.Fe.433, 491, 543
Atlanta & Charlotte Air-Line. .43*2
465
Atlantic & Great Western
Atlantic & Pacific
433
Augusta & Knoxville
Baltimore & Ohio
493
544
493
Baltimore & Potomac
Boston Hoosac Tunnel & W.... 493
Boston Water Power Co
464
Burl. & Mo. River in Neb.518, 544
Cairo & St. Louis
Camden & Atlantic
Central Iowa
Central Ohio
Central Pacific
;
464
518
433, 518
544
544
Cheshire
Chic. Clinton Dub, & Minn
Chic. Mil. & St. Paul..433,
518
544
518, 544
.
Chicago & Northwestern..433,
Chicago & Pacific
Chicago & Paducah
Cliic. Rock
493
433
518
Island & Pac. 465, 544
N. O.... ..465
465
493
Chic. & Western Indiana
Cincinnati
465
Cincinnati Hamilton & Dayton 465
Cin. Wabash & Michigan
433
Cleve. Col. Cin. & ludianap.... 518
Col. Chic. & Ind. Central
518
544
Connecticut Central
Connecticut Western
465
465, 493
Dallas <fe Wichita
Chicago St. Louis &
Chicago & Tomali
Delaware & Hudson Canal
Delaware State Bonds
Denver & Rio Grande
....
Dubuque <fc Dakota
Flint & Pere Marquette
518
493
493
493
518
Framingham & Lowell
493
434
Georgia Railroad
Georgia RR. and Banking Co. . 542
Georgia State Bonds
Grand Rapids & Indiana
Grand Trunk of Canada
493
544
Manhattan Beach Co
Manhattan Elevated
466
Maryland Union Coal Co
Memphis & Little Rock
466
Metropolitan Elevated .... 519, 544
491
Michigan Central
Mil. Lake Shore & Western
464
Minneapolis & St. Louis
432
Missouri Pacific
Mobile & Ohio
544
434
New Jersey Midland
.519,
New Orleans City Debt... .466,
N. O. Mobile & Texas
New Orleans & Pacific
N. Y. & New England
544,
N. Y. & Texas Land Co
N. Y. Central & Hudson River.
N. Y. City & Northern
519,
N. Y. Elevated
:
N. Y. Lake Erie & Western
N. Y. Ontario & Western
N. Y. Penn. & Ohio
N. Y. Stock Exchange
N. Y. Woodhaven & Rockaway
544
544
544
494
519
494
519
494
494
Ogdensb. & L. Champlain
Ohio & Mississippi
434
Paducah & Elizabethtown
Pennsylvania Co
Pennsylvania RR
494
466
434
545
518
494
...
431
434, 494
Royal & Augusta
466
Quicksilver Mining Co
466
467
St. Louis Iron Mount. & So
St. Louis & San Francisco..433,
San. Man. & Newark
St. Paul & Duluth
St P. Minneap. &Man.. ..519,
Savannah & Memphis
434
519
544
545
545
467
&'Pacific
465
463 Schuylkill Navigation Co
Selma Rome & Dalton
Sioux City <fc St. Paul
464
544
Sutro tunnel
434
Indianap. Delphi & Chie
International & Great No
518
Kansas City F. S. & Gulf .463, 465
Kan. City Lawrence & So.519, 543
Kan.
City St. Jo. & C. B...466, 519
Lake Ontario
Southern...434, 466
Michigan So
490
Laurens Railroad
434
Local Indebtedness of Ohio.... 466
Louisville <fc Nashv
493, 519
Louisv. N.Alb.& Chic.434, 466, 519
Louisiana State Bonds
493
IBacon & Augusta
...542
Lake Shore &
ANNUAL
431
RR. Bonds
Toledo Peoria & Warsaw
Tenn. State
Township Bonds
Union Pacific
Valiev, of Ohio
Vicksburg & Meridian
:
432
467
434
467
545
... 467
543
—
454
Virginia State Finances
Wab. St.Louis & Pac.434,494, 520
Wash. City Va. Midi.&G.S
520
West Chester & Phila
545
West Jersey Railroad
431
West Side & Yonkers
454
Western of Alabama
Wisconsin Valley
—
542
544
REPORTS.
Steamship Co.
(For the year ending April 30, 1880.)
At the annual meeting of the stockholders of the Pacific
Mail Steamship Company, held May 25, the following board of
directors was elected without opposition: Messrs. Jay Gould,
Trenor W. Park, Sidney Dillon, Russell Sage, C. P. Huntington,
Charles G. Francklyn, E. H. Perkins, Jr., George A. Hoyt and
J. B. Houston. There were 127,300 votes cast for the board
out of a capital stock of 200,000 shares. In his own name and
on proxies Mr. Russell Sage voted on about 74,000 shares.
Mr.
Houston cast 43,000 votes and Mr. E. Lauterbach cast about
10,000 votes. Mr. Henry Hart did not vote at all. The new
board elected Mr. J. B. Houston President. The new adminis¬
tration is admitted to be in joint interest of the Pacific roads and
the Panama Railroad Company. President Riley says in his
report for the year ending April 30 : “Although during this
period a very important branch of our trade-that with the
west coast of South America—has been seriously decreased by
reason of the war between Peru, Bolivia and Chili, and almost
our entire freight traffic via the Isthmus of Panama was inter¬
rupted during the last two months of 1879, in consequence of
the unprecedented November freshet along the line of the
Panama-Railroad, in addition to which we have had to contend
against a sharp competition with the overland railroads, inaug¬
urated at the commencement of the year, but now fortunately
at an end. The profit of the year shows a large gain over last
year; and it is not unreasonable to assume that had it not been
Pacific Mail
Tug Milieu Griffith
203,112
118,101
$1,106,993
$2,479,448
$176,410
$3,536,442
118,366
38,000
6,500
12,164
25,982
2,605
investments.
383,440
3,110
-.
.*.
Total
-.
* -$3,969,882
z
EXPENSES.
$474,598
Atlantic line, running expenses
PaDamaliue, running expenses
Victoria line, running expenses
Trans-Pacific line, running expenses
Australian line, running expenses....
1.127,800
273,591
568,570
376,669
$2,821,231
$333,852
Agencies
Pittsburg Titusville & Buffalo. 519
Portsmouth & Dover
519
517
515,242
Exchange
Interest
Quincy Missouri
123,253
415,414
$339,277
Interest and dividends on
Miscellaneous
Extra repairs, and
Home expenses
Port
Total.
$600,915
1,531,677
201,978
930,657
321,213
1,229,082
Australian and New Zealand subsidies
Central American and Mexican subsidies
British Columbia subsidy
Hawaiian Government subsidy
434
Philadelphia & Reading.. .434, 494
Phila, Wil. & Balt
545
Peoria Decatur & Evansv
Freight.
$493,768
$107,146
302,594
78,724
.432
434
494
Grayville & Mattoon
493
Great West’n of Canada. .464, 544 South Carolina RR
494, 517
Green Bay & Minnesota
543
518 South. Kan. & Western
Greenwood & Augusta
493 Southern Minnesota. .433, 467, 544
Housatonic
Houston East & West Texas...
Passengers.
Atlantic line
Panama line
Victoria line
Trans-Pacific line
Australian line
expenses
30,043
ships laid up...
35,216
35,619
133,327
27,531
32,765
30,477
General expenses
....
Advertising
:
damaged freight
Aspinwall wharf repairs
Taxes (the taxes in previous years have
been included in current expenses)
Short and
Net
earnings...
not
3,519,821
39,756—
$450,061
*
There was paid during the past year (not included in above
expenses) $94,994 on account of taxes for 1874 and interest,
charged to profit and loss. Interest accrued on notes not due
has been included iu ..expenses; this has not been the custom
heretofore. There is due from overland railroads about $100,000, not included in above earnings, payable as soon as accounts
are audited, and will make net earnings for the year about
$550,000.
of the earnings and expenses for
The following is a statement
the previous year—1878-9 :
EARNINGS.
Passengers.
Total.
Freight.
$484,638
1,180,768
$581,536
1,486,576
237,918
920,167
324,282
$96,897
305,807
151,239
86,678
538,130
382,037
115,640
208,642
26,804
19,451
7,353
Total
$1,087,416 $2,489,869 $3,577,285
Australian & N. Zealand subsidies... $217,120
Central Am. & Mexican subsidies..
164,938
British Columbia subsidies.
38,000
Hawaiian Government subsidies....
11,692- $431,751
13,224
Atlantic line
Panama line
Victoria line.
Trans-Pacific line
:.
Australian line
Honolulu line
-
-
Int. and
dividends on investments..
Tug Millen
13.023
Griffith (net eamiugs)..
19,274—
Miscellaneous
$477,275'
$4,054,560
Total
EXPENSES.
$432,373
1,136.716
261,826
647,520
411,001
38,782
...$2,928,221
Atlantic line, running expenses
running expenses
Victoria iine, running expenses
Panama line,
Trans-Pacific line, running expenses
Australian line, running expenses.
Honolulu line, running expenses
Total
Agencies
Extra repairs and miscellaneous expenses
Net
profit
----
362,111
362,412— 3,652,745
statement of the financial
April 30,1880 and 1879.
Following is a
company on
Construction Accounts.
April 30,1880.
>
Cost of steamers
Real estate, and improvements....—
Coal supplies, &c
Sundry assets
Profit and loss
-----
$10,288,386
1,103,421
424,522 )
513,689 >
9,664,407
'
$22,110,711
Decrease in
$401,815condition of the
April 30, 1879.
$10,404,670
1,102,094
1,026,977
10,043,814
$22,577,555
profit and loss account
during year
1879-80
Capital stock
Bills payable
San Francisco—Unpaid
bills
379,406
20,000,000
Liabilities.
$g5,281
39,329
20,000,000
.
$270,000
30,899
.
566
THE CHRONICLE.
April 30,1880.
-
:
New York—Unpaid bills
Panama Railroad Company, loan
Panama Railroad Co., loan, £200,000.
Panama Railroad Company, balance
demand note
Panama Railroad Co., traffic account..
Interest account
Steamer Georgia salvage
Gillies & Co
Unclaimed dividends
j...
Coal freights
John Pirie & Co. (coal).
Accrued interest
Agents’ balances
Due connecting steamship
Passage credits and orders
$77,602
400,000
April 30. 1879.
$53,467
400,000
1,000,000
1,000,000
220,000
102,264
69,853
10,551
13,017
1,404
51,079
19,477
*13,431
57,988
1,404
18,338
39.716
14,571
8,980
30,190
20,013
2,528
6,757
757
.$22,110,711
$22,577,555
assets and liabilities of the
The
following statement shows the
company on April 30, 1879 and 1880:
Liabilities April 30,1879, per statement
Taxes and interest 1874, say
Accrued interest on notes not due
$2,577,555
135,000
23,625
$2,736,180
Assets April 30,1879. per statement
Due from overland railroads
Liabilities over assets
Liabilities April 30,1880
Balance claimed by city
for taxes,
1874, and interest, say
Assets, April 30, 1880Coal supplies, etc
Sundry assets
Due from overland railroads, about
Liabilities
over
assets
$125,540
487,415
132,114
$740,118
NEW JERSEY & NEW YORK RAILWAY CO.
Capital stock paid in
$1,187,400
Bonded debt
1,034,500
416,813
Floating debt.
3,804
Panama drafts
$1,026,977
86,533— 1,113,510
$1,622,669
$2,110,711
Cost of road and equipments
$424,522
513,689
100,000— 1,038,212—
having possession of the
proper
books and accounts to make a correct and absolute statement of
the above mentioned items, as required by law, does not
certify
to their accuracy.
The road extends from Stony Point, N. Y., to Erie
Junction,
N. J.r a distance of 36/6 miles, 18 miles being in the State of New
Jersey, six miles of which were purchased under proceedings of
foreclosure by the Hackensack Railroad
under similar proceedings by
Hackensack Extension Railroad.
ten miles
RECEIPTS AND EXPENSES FOR
Income from passengers
Income from freight
Income from other sources
1,117,499
Decrease of liabilities for the year
$2,638,713
Note.—The Receiver, not
$505,170
Railroads in New Jersey.
The following annual statements for the
year ending Dec. 31,
1879, are from the report of the State Comptroller, just
published:
DELAWARE & BOUND BROOK RR. CO.
$1,584,400
1,500,000
299,600
Bonded debt
Floating debt
$3,384,000
$3,138,056
Cost of road and equipments
1879.
47,074
5,458
NEW YORK & GREENWOOD LAKE RAILWAY.
Capital stock paid in
Bonded debt
Cost of road and
$100,000
2,700,000
156,000
equipment
N. Y., a distance of forty miles.
165,791
2,717
sources
Expenditures during the year for working road, including re¬
pairs, maiut. of way. motive power, and contingencies
Dividends paid
$167,213
during the
year 1879 (under the lease) and
paid—1 quarterly dividend of 1% per cent, paid August,
1879; 1 quarterly dividend of 1% per cent, paid Nov., 1879.
how
EASTON & AMBOY RR. CO.
RECEIPTS AND EXPENSES FOR 1879.
The receipts and expenses of the Easton &
Amboy
are not kept separately by
the Lehigh
Railroad
Valley Railroad Com¬
pany, and the exact figures cannot be given; but the following
is an estimate:
Income from passengers
“
;
$22,460
freight
“
$61,729
51,392
5,046
$118,231
Capital stock issued
$1,000,000
390,000 A
[Since the close of the
has been made.]
Cost of road and
year a
second mortgage for $1,000,000
equipments—
Cost of road...
Cost of equipment
$344,251
200,000— $544,251
The road extends from Bergen Junction, N. J., to
Sparkill,
N. Y., a distance of twenty-one and one-quarter miles.
It is operated by the New York Lake Erie & Western Rail¬
road Company, under a contract, for which said
company
receives sixty-five per cent and five fifty-sixths of
the
New
York
£ross
It is equipped
andCompany,
operated by
iake earnings.
Erie & Western
Railroad
the
andthe
further
j information below is furnished by that company.
RECEIPTS AND EXPENSES FOR
1879.
Income from passengers
In come from freight
Income from other sources
$182,939
46,468
9,948
290.140
coal
665,902
Expenditures during the year for working road, including re¬
pairs, maintenance of way, motive power and contingencies,
estimated at 55 per cent
$978,504
Capital stock paid in
$165,150
Bonded debt
385,000
$550,150
Cost of road and equipment
Dividends paid during the year 1879, in cash
The road extends from
$650,756
5,780
Jersey City to Bergen Point.
RECEIPTS AND EXPENSES FOR
year for
GENERAL
working the road, including
1878.
Passengers
Merchandise
Coal
Miscellaneous
on funded debt
Funded debt paid
Total
$228,758
,
NEWS.
1879.
1880.
$429,717 73
439,472 24
$428,701 82
462,678 79
535,470 88
40,410 15
1,058,526 56
$1,445,071 00
Increase in 1880 over 1879,
Increase in 1886kover 1878,
144,301
30,835
Interest
INVESTMENT
$239,355
$212,356
22,500
.
Central of New Jersey.—The following is a report of the
comparative earnings of the New Jersey Central Railroad for
the four months ended April 30 :
1879.
Income from passengers
Expenditures during the
contingencies
Expenditures for working road, including interest..
Di\ idencls paid during the year 1879, in cash
$538,177
JERSEY CITY & BERGEN RR. CO.
52,320 05
$2,002,227
22
$542,079
670,614
1,259,073
55,054
88
39
42
56
$2,526,822 25
$524,595 03.
$1,081,751
25.
Chicago Burlington & Quincy.—The Boston Transcript says:
69,000
The recent decline in Chicago Burlington &
Quincy Railroad
stock from 125 to 113% (it is now 117 %) may be due to the
$15,000,000 increase of stock of the company by extension, consolidation
20,123,000
*
“
MORRIS & ESSEX RR. CO.
Capital stock paid in
Bonded debt
.
T
.
.
_
Less balance
$35,123,000
.
sundry assets
Cost of road and equipments
Dividends and interest paid
lease)
;
during the
687,722
$34,435,277
year 1879 (under
Income from passengers
Income from freight
Income from other sources
Expenditures during the
year
-
for working road
& Council Bluffs road
Capital stock paid in (error heretofore)
$2,000,000
Bonded debt—first mortgage,
$3,000,000; second mortgage,
$1,500,000; third mortgage, $900,000
7. .7..
5,400,000
Cost of road
equipments
$48,974,107.
of the Kansas
NEW JERSEY MIDLAND RAILWAY.
and
and stock dividend. The C. JB. & Q. road had a capital of
$31,004,456 at the commencement of 1880. The recent 20 per
cent stock dividend raised it to $37,205,347*
Then six C. B. &
Q. shares for five shares of the stock of the Burlington & Mis¬
souri River Railroad in Nebraska raised it by $11,768,760, to
Now the purchase of the stock and income bonds
City St. Joseph & Council Bluffs—the former at
$849,563 72% and the latter at 90—requires about $3,600,000 in stock.
2,443,642 The exact amount cannot be known, because fractions in this
221,892 trade are
adjusted by cash payments. This would give the
$3,515,097 Chicago Burlington & Quincy a capitalization of $52,574,000,
$1,955,743 compared with $31,004,456 a few months ago. The St. Joseph
$2,460,057
RECEIPT8 AND EXPENSES FOR 1879.
;
Unknown.
,
Expenditures for working road
$149,456
NORTHERN RAILROAD OF NEW JERSEY.
$141,959
freight
other
1879.
Income from passengers
Income from freight
Income from other sources
Bonded debt
Income from passengers
“
“
1879.
$100,970
RECEIPTS AND EXPENSES FOR
Capital stock paid in
Company, and about
the trustees of the
$153,503
Expenditures for working road
$127,859
The entire property has been operated by the Receiver as a
continuous line, and the earnings and expenses above mentioned
include the operation of the whole road.
45,000—$2,155,711
RECEIPTS AND EXPENSES FOR
1879.
Expenditures during the year for working road, including
contingencies
790
Suspense....
Total
RECEIPTS AND EXPENSES FOR
Income from passengers
Income from freight
Income from other sources
'625.000
~~
companies./
[Vol. xxz.
was
held
as
a
speculation, and a large
part of the three and a-half millions received for it has been
sold, mostly for future delivery. This was the principal reason
for the decline. There would naturally be an inclination
among parties holding stock in both the Nebraska and the
“
Mat 29,
THE
1880.]
56?
CHRONICLE.
after the consoli- I At Philadelphia, May 24, Messrs. Franklin B. Gowen, Edwin
I M. Lewis and Stephen A. Caldwell were appointed Receivers of
Chicago Rock Island & Pacific.—The Atlantic & Southern I the railroad and coal companies. The action was brought by
Branch is to be built from Atlantic, la., southward to the Mis- Mr. Moses Taylor, of New York City, and the plaintiff set out
souri line, an organization having been formed for that purpose. I in the bill that he was the holder of $100,000 of income mort*
The Keosauqua & Southwestern Company has also been formed gage bonds of the Philadelphia & Reading Railroad Company,
to build a branch from a point on the Keokuk & Des Moines secured by mortgage dated December 1, 1879, executed by the
Division to Keosauqua, about four miles. The road will be company to Edwin M. Lewis, and secured by assignment of the
owned and worked by this company:
company of a bond made to it by the Coal & Iron Company,
Cincinnati City.—The Sinking Fund Commissioners sold to bearing date December 1, 1876, and conditioned for
pay*
Albert Netter $300,000 worth of the new Cincinnati 5 per cent I ment of $10,000,000 in twenty years, at the rate of six per
bonds at 103, taking most of the pay from Mr. Netter in Cin- quarterly. Tbis bond is secured by mortgages
cinnati Southern Railroad bonds to the amount of $250,000, at 123. Goal ® iro? Company to George De B. Keim on
Iowa roads to slightly
dation.”
Danbnry &
reduce their holdings
the cent
executed
the
certainbyreal
N=lk.-This company will receive
pnndnniminf if
hold™
bond, Lewis was trustee thereof for the benefit of the
East Tennessee Virginia & Georgia.--At a meeting of the The bin sets forth that nearly the entire issue of the bonds are
board of directors at Knoxville, May 27, Col. E. W. Cole was outstanding,and principal and interest are due and unpaid,
unanimously elected President, in place of R. T. Wilson of Isew I The failure was in consequence of the company’s inability to
York, resigned. Col. Cole will also have control of the Memphis carry ifB immense floating debt. The Philadelphia & Reading
& Charleston Road, with his central headquarters at Chatta-1 Coal & Iron Company was organized in 1871 to purchase and
nooga. The position was offered Col. Cole by Messrs. Wilson I operate the coal lands of the railroad corporation. It is known
and McGhee, officers of the road, and was acquiesced in by other that enormous prices were paid for the coal properties, and in
large stockholders. Mr. Wilson will remain as financial agent some cases far beyond their true value. The company expended
and managing director of the road, and Mr. McGhee as Vice- I $64,000,000 to acquire control of lands and collieries which then
President.
produced about 3,200,000 tons of coal annually. Ever since the
Lake Erie & Western.—This company (which should not be purchase the railroad company has been loaded down by the
confounded with the N. Y. Lake Erie & Western, formerly the heavy obligations of the Coal & Iron Company. The Coal & Iron
Erie) has given notice to the Stock Exchange of an intended Company holds by ownership or lease nearly one-third of all
increase
June 25 of 7,000 shares ($700,000) of its capital the anthracite coal lands now available for mining purposes,
account of the construction of its Sandusky Division, These lands, together with other mineral and timber lands
stock,
purchase of equipment and terminal property.
held by the company, are valued at $45,000,000 in round numMarietta & Cincinnati.—The foreclosure suit came up at bers,and the balance sheet belowshows the nominal values put on.
Chillicothe. O., May 25. The Cincinnati Qazttte reports: “ The a11 the other assets of the company. The company had in 1879
title of the
is William Keyser and Robert Garrett vs. the seventy-nine collieries in operation, exclusive of small mines.
Marietta & Cincinnati Railroad Company, as reorganized, and Tbis is a larger number than ever before operated, and the
others. Hon. L. T. Neal as the attorney of John D. Madeira, product last year was 5,570,251 tons, which' is 1,742,462 tons
trustee of the second mortgage bondholders, has filed three more tbaa was mined in 1878 and 475,401 tons more than was
motions, the first petitioning the court to order the Receiver of I ever mined before in any one year. This business was done at
the M. &C. Railroad Company to put in repair and operate the old a ne^ l°ss to the company of $842,778, a loss due to the
line of said railroad from Warren’s Station to Scott’s Landing; depressed condition of trade.#
the second relating to the leases of B. & O. Short Line and the
. A summary of the whole income account for both corporaBaltimore & Cincinnati Railroad, the bondholders claiming that lions, and also a statement of some length, was given by Mr.
the rentals paid are too large; the third motion asks the court Gowen in his last annual report, dated Jan. 12,1880, for the
to order the Receiver to render more definite and explicit reports fiscal year ending Nov. 30, 1879.
The railroad company’s
to the court.”
'
accounts showed the following:
Missouri Kansas & Texas Extension.-This company, Pf^Lbala^VHMyear euding Nov* 30,1879 (charglng ^
which includes the former Denison & Pacific and the Denison & I
‘ *7/thus charged777there was payable
"77in scnp. l’„OK7on
7
i •
i
x* i
7
But of the amounts
Southeastern
companies, is pushing work actively on the exten- From which deduct loss as above
. $1,725,729
i ,063,421
sion to Greenville. A large part of the grading is done.
At
special meeting of the company in Denison, Texas, May I
Leaving cash surplus earnings for the year of
$662,307
The cash deficit of the Coal & Iron Company was—
22,
resolution was passed authorizing a lease of the road to
the Missouri Kansas & Texas. This is merely a matter of form, I
,
, ..
o*
company owns ail me stock.
Less payable in scrip
121,170
Ohio & Mississippi—The report of the Receiver filed for
—rr
$513,699;
T
699 450
April shows: Cash on hand April 1, $355,282; receipts,
for the vear
7
total, $869,520. The disbursements for the month were $895,943,
-—
leaving cash on hand May 1, $23,573. In the disbursements
Total deficit
$1,633,266
appears the item “ Second mortgage interest due October 1,1 I<'rom which deduct cash surplus of the Railroad Company..
662,307
blilf°ru !!,0n0^°LDr
on
on
case
cj
xr7
.
.
a
a
as mat
1879, and
April 1, 1880, and income
and funded debt bonds
Leaving
<
1,1880, $265,000.
—representing the cash deficit of the operations
Paeiflc Railroad Land Grants.—The World ^ dispatch from panies for the year, as against $824,950
Washington, May 27, said: “The House Committee on Pacific
increase of $146 008
Railroads held a protracted and important meeting to-day.
- The floating debt of both
Yesterday it obtained leave to sit dunng the sessions of
including all outstanding
inst
House, and it improved this privilege to-day by sitting
at the
$970,959
of the two com-
for the previous year,
companies at the close of the year,
wages-certificates, was $9,152,909,
Sose of the previous year, the latter
|6,419,003
gum not including the arrears of wages, for which, subsequent
to th clo8e of laft year, wages-certificates were issued,
The increase iu
floating debt of $2,733,906 is accounted
£
the
several
hours.. The sum of its labors was an agreement, with but two
dissenting votes, in favor of extending the North Pacific land
grant limit six years and against extending the Texas Pacific
land grant limit at all. It discussed and slightly amended the
of Michigan, a
Company has
honestly and earnestly endeavored to fulfil the conditions of
its land grant, and that it is to the interest and in the line of
the policy of the Government to aid in its completion. In the
of the Texas Pacific the committee holds that no such
reasons for an extension operate; that the road has not endeavored to earn its land grant, that it has not built its road
through the lands it received, that it has only earned the State
grant of Texas, and that there is no peculiar necessity for giving
it aid. The committee therefore instructed a sub-committee to
prepare a bill declaring such of its land grant as is unearned
forfeited to the Government upon the expiration of the two
years yet remaining of the term limited for its completion in
bill introduced two weeks ago by Mr. Newberry
member of the committee, and then adopted it.
The committee holds that the Northern Pacific
case
f
f P
,
$970,959
Cash deficit of the year’s operations of both companies
^w
d temiualgfaciliticsJI.!.!!!3«s,465
Heal estate purchased
33,647
New barges, &c., built....
^JrtgaleSeSte^fcoal'
4^™ cSavy paid off::”.::::::'.”. 134,173
20l’,352
increased amount of materials purchased and on hand
_ •
$2,74
,008
Mr! Gowen remarked on this in his report, dated Jan. 12,1880:
«managers
jn *view 0fhave
the not
greatly-improved
condition
of business,
hesitated to increase
the floating
debt the
for
facilities
which theas
company would have been unable properly to move the very
large tonnage expected in the immediate future. Since the
Philadelphia & Reading.—This company announced its close of the fiscal year, however, an agreement has been made
inability to meet its obligation's on Friday, May 21, by the fol- for an advance for one year of 70 per cent, or $3,500,000 upon
lowing circular:
the $5,000,000 of unissued general mortgage bonds of the com^
Philadelphia & Reading Railroad Company and the pany, coupled with an option to take the bonds at a price which
Philadelphia & Reading Coal & Iron Company have been com- I will yield considerably more than a million dollars additional. A
pelled suspend payment. The managers will-take immediate I large proportion of this $3,500,000 has already been received since
protect intact the property of both companies, I the close of the fiscal year, and applied to the reduction of the
their business. For this purpose the daily floating debt, which, at the close of business on January 10,
applied
far
required to the payment of 1880, amounts to $6,730,543 of bills payable and call loans, to
and supplies.
I which must be added $635,015 for outstanding wages-certifiBy order of the Board of Managers.
fortheoutstanding
$301,416
certificates
for materiit wa.*.ill
President.” *I cates,
is exercised,
If the and
option
of taking
$5,000,000 bonds
the charter.”
“
The
to
to
and to continue
measures
revenues
will be
so
as
wages
“
“
Franklin B.
Gowen,
the purchase, erection and completion of such
seemed to them absolutely necessary, and without
o(38
THE
CHRONICLE.
reduce the floating debt to about $4,500,000; and while there can
be but little doubt that the profits of the year 1880 will be suffi¬
cient to pay
branches.
[Voi„. XXX.
The road is to be sold in foreclosure June
14, and
committee, consisting of Charles Moran, R. T. Wilson and H.
Amy, was appointed to prepare a plan of reorganization pro¬
viding for the purchase of the road and for raising the money
required.
a
off this balance, it is also confidently believed that
earning power and improved credit of the com¬
pany will, long before the expiration of the year, enable the
managers to fund the floating debt upon terms more advanta¬
Sioux City & Dakota..—An action has been
begun by John
geous to the stockholders than the slower process of payment
I. Blair in the district court at Yankton,
out of earnings.”
Dakota, to test the
The precise extent of the obligations of the Railroad Co. validity of the lease of the Sioux City and Dakota road to the
to pay the debt of the'Coal & Iron Co. has not yet appeared, Milwaukee & St. Paul Company. A receiver is asked for
by
'but in the full report to be made by tlie Receivers this will prob¬ Blair, who owns a large interest in the road, and was not a
party to the lease. The case was put over to the November
ably be shown.
term of the
the increased
187432-90
The full balance sheet of the Coal & Iron Co. Nov. 30, 1879,
follows :
was as
-GENERAL BALANCE SHEET OF THE
IRON
PHILADELPHIA & READING COAL AND
COMPANY, NOV. 30, 1870.
Capital Accounts.
Coal lands
Timber lauds
Iron ore lands
Other real estate
Dr.
*
Doliiery improvements
."Colliery equipments
Head work at collieries
$10,941,579
590,307
* 055,819
1,341,908
0,703,020
1,158,155
775,345
47,301
Supplies at collieries
Leasehold collieries
1,512,099
152,193
25,050
41,318
Iron ore mine improvements
Iron ore mine equipments
Head work* at iron ore mines
Supplies at iron
ore
mines
2,147
Iron ore cars
Improvements at Philadelphia retail yards
°
Miners’ and other houses
Waste-house Run water works
Indian Ridge water works
West Point ore railroad
Steam fug Atlantic
Stocks and bonds held by company
Assets.
Cash on hand
Bills receivable
Coal bills due in December
Rent bills due in December...
Debts due the company :
For loans and advances to
other companies and indi¬
...
viduals
Sundiy accounts
Furnace, roiling mill and other
properties..
Stocks and bonds held by the
and
materials
3,000
4,805,003
$59,699,799
$17,924
430,674
443,084
51,307—
$943,650
$791,151
832,839—
1,623,991
95,156-
Charleston, S. C., May
dispatch
says : ‘‘It was an action for the foreclosure of the second mort¬
gage to secure certain bonds illegally disposed of by the com¬
pany, for an injunction against the use of certain bonds pur¬
porting to be secured by the first and second mortgages, and
for the sale of the mortgaged premises. The
complainants’
counsel produced abundant
documentary evidence to show that
the second mortgage bonds had been used in
exchange for non¬
mortgage bonds as collateral security to liquidate the floating
debt, and for other purposes clearly in violation of the stipula¬
tions in the mortgage agreed upon between the
bondholders
and the company. They also claimed that the
persons who
accepted these bonds as collateral security for loans did so
knowing that the action was unlawful, and that they were con¬
sequently not entitled to consideration in the final settlement.
They further charged that the company withheld important
information from the bondholders, and deceived the
public by
rendering annual reports which were not sustained by the com¬
pany’s books. The counsel representing the syndicate, and
banks and capitalists holding the bonds in
dispute, made long
the case. The final decision will be rendered at
Washington
in three or four weeks. The court also
signed to-day an order
for the payment of interest on all the first
312,287
on
hand
Iron ore on hand, 7,081 tons..
Coal on hand, 242,173 tons:.
South Carolina Railroad.—At
25,
the litigation in the South Carolina Railroad
suit, in the United
States Circuit Court, Chief-Justice Waite and Circuit
Judge
Bond jiresiding, came to a close. The N. Y. Times
arguments to exonerate the defendants and establish the legality
of the loan transactions. As both
questions left to be decided
were the respective
rights of the parties holding bonds as the
security for the amounts loaned, the court granted a decree of
sale, to take place at some date to be hereafter named, and ex¬
pressed willingness to hear, in Chambers, suggestions on ques¬
tions involving important principles connected with other
points
in
$217,131
company
Supplies
22,295
208,414
084,225
17,294
10,354
1,038
District Court, and the road will continue to
be
St. Paul Company.
operated under the lease of the C. M. &
$192,140
mortgage bonds
falling due July 1, 1680, unless a decree is filed prior to that
date declaring that the
pledged bonds are not entitled to
278,600
security
under the fiist mortgage. The time for registration
Income Accounts.
and proving the second mortgage bonds w'as extended to
Loss of previous years
$2,160,886
Aug. 1.”
Interest aec’t, previous years
2,933,040— $5,093,920
Wabash
St.
Louis
&
Prolit and Toss account, 1879
Pacific.—Mr.
J.
C.
$099,450
Gault, General
Interest account, 1879
1,054,985—
1,754,436—
6,848,363 Manager of the Wabash St. Louis & Pacific Railroad, stated to
a Chicago Tribune
reporter yesterday that his company has as
$70,719,934 yet taken no steps to open its
Chicago extension for business,
Capital Accounts.
Cr.
and does not mean to do
Purchase money mortgage bonds on detached
anything
in that matter1 until the
properties:
1872-1892
$9,933,000 Supreme Court has taken action in regard to the Western
150,000 Indiana complications, which he thinks will come
up for a
972,000
hearing in the early part of June. Should the decision of the
345,000
1874-1894
:
1,295,000 Supreme Court be adverse to the Western Indiana, his road
will be compelled to find some other
way into the city for the
$12,695,000 time being. In
Bonds and mortgages on real estate
any event, Mr. Gault expects to be able to
$742,898
Locustdale Coal Company’s extended loan,
commence business over the
Chicago Extension of his road
due in 1880
about
156,000—
July 1.
898,898
Bond and mortgage held by the Philadel¬
Both the Wabash and Grand Trunk feel
phia & Read. RR. Co., dated July 1, 1874. $29,737,965
very bitter against
Mr. Vanderbilt for
Bond and mortgage held by the Philadel¬
preventing the Western Indiana from cross¬
phia & Read. RR. Co., dated Dec. 28, 1876
10,000,000— 39,737,965 ing the tracks ofjthe Lake Shore at Sixteenth Street, and thus
Debenture bonds, 1872-’92
1,731,000 preventing their roads from getting
stock
adequate facilities at this
Capital
8,000,000 point.Liabilities.
They say that but for Vanderbilt’s action the Western
Indiana would have gotten to Twelfth Street
Floating debt
$1,507,830
anyway, and this
Due to Pliila. & Read. RR. Co...
5,253,948
would have answerei
12,098
809,001—
1,013,241Coupons of debenture bonds not yet matured, but funded
into Philadelphia & Reading Railroad Company’s scrip.
3,893,171
,
id all their purposes for the present.
Current business debts
247,474— $7,009,253
Wages and material bills for November
476,033
Commonwealth of Penn, for State taxes
143,902
TJncolleeted coupons and int. on reg. loans.
27,880—
7,657,070
$70,719,934
—At Pittsburg, Pa., May 27, the United States
Circuit
Court granted an order authorizing the
Receivers to borrow
$1,000,900 for the payment of the wages of
employees and
the interest due on June 1. The order of the
Court
scribed the form of the certificates of loan, which are pre¬
made
transferable by indorsement and made
payable after ten days’
notice, at the expiratian of which time interest shall cease.
On Saturday, May 22, a $10,000,000
mortgage from the Phila¬
delphia and Reading Coal & Iron Company to the
Philadelphia
& Reading Railroad
Company was recorded in the Recorder’s
office of Schuylkill County. The lien is secured
by the lease¬
holds of the Coal & Iron Company in
counties.
St. Louis & San
Company against the Holmes
Burglar Alarm Telegraph Company, “ that a perpetual injunc¬
tion be issued herein against the Holmes
Burglar Alarm Tele¬
graph Company, restraining it and its officers, attorneys, agents,
servants and workmen from
directly or indirectly making, using
or selling, or in
any way counterfeiting or imitating, the inven¬
tion or improvements described in and secured
by the 11th, 12fch
and 13th claims of said re-issued letters
patent granted to the
complainants herein aforesaid; that the complainants do re¬
cover of the
said defendant their costs and disbursements herein
The Western Union
Telegraph Company has
begun a suit in the United States Circuit Court against the
American Union Telegraph
Company to restrain the latter com¬
to be taxed.”
Schuylkill and Columbia pany by injunction from infringing the rights held by the
Western Union under the
Page letters patent fpr telegraphic
A claim is also made for
inventions.
Francisco.—The Kansas extension of the
damages for past infringe¬
St. Louis & San Francisco Railroad
was
completed
25 to
Wichita, 509 miles from St. Louis, where it connectsMay
with the
Wichita branch of the Atchison
Topeka & Santa Fe Road.
Wichita is twenty-two miles from
Augusta and 145 miles from
Oswego, the commencement of the Kansas Division.
Selma Rome & Dalton.—A
meeting of holders of Alabama
& Tennessee River bonds was held in New York
May 15. The
committee appointed to examine the road
reported
that it
was in fair condition, but that about
$500,000 would be needed
for improvements and new
equipment; and to build some coal
Western
Union
Telegraph—American Union.—Judge
Blatchford made a decree in the suit of Priscilla W.
Page and
the Western Union Telegraph
ments, and the questions involved are said to
in practical telegraphy.
cover a
wide field
—The attention of investors is called to the notice of the
New York, New England & Western Investment
Compaiw,
given in another column, of the Ford County (Illinois) bonds,
into which the
citizens of said county propose to fund the old
bonds issued to the Lafayette
Bloomington & Mississippi Rail¬
road Company. The hew 6 per centfive-twenty bonds pay
interest half-yearly in New York." The bonds are now ready
for delivery by the company to those
desiring them.
'
May
569
THE CHRONICLE.
29, 18S0.J
»c Canxmcvcial
COTTON.
-pittcs.
Friday, P. M., May 28, 1880.
The Movement op the Crop, as indicated
from the South to-night, is given below.
For
by our telegrams
the week ending
this evening (May 28), the total receipts have reached 23,764
Friday Night, May 28, 1880.
bales, against 26,514 bales last week, 24,636 bales the previous
The weather has been unseasonably and excessively hot, week and 25,661 bales three weeks since, making the total
causing much physical suffering, and impeding business. The receipts since the 1st of September, 1879, 4,739,442 bale?, against
4,389,721 bales for the same period of 1878-9, showing an increase
drought has become serious in this section, and there is danger since
September 1, 1879, of 349,721 bales. The details of the
of the loss of a considerable portion of the hay crop, with
receipts for this week (as per telegraph) and for the corresponding
injury to many other crops. General trade has been dull, and the weeks of four previous years are as follows:
future of the markets is regarded with much less speculative
1877.
1876.
1878.
1880.
1879.
Receipts this w’k at
confidence; and yet no marked depression of tone can be noted.
New Orleans
1,996
3,561
4,501
5,845
2,434
There is a disposition to give less consideration to speculative
328
943
960
390
Mobile
507
influences in the legitimate concerns of trade, merchants seek¬ Charleston
297
499
419
913
1,820
63
336
7
185
ing rather the surer and safer guides of supply and con¬ Port Royal, &c
COMMERCIAL EPITOME.
....
Savannah
sumption.
Provisions have been
gradually declining during the past
week; the market has lacked speculative support,
and the
Galveston
2,937
2
35
2
5,850
4,977
3,577
Indianola, &c
Tennessee, &c
3,317
1,634
2,067
1,011
1,135
1,389
411
....
2,266
1,326
1,002
39
3,109
6
5
legitimate demands liav$ not been sufficient to sustain the posi¬ Florida
89
526
398
309
377
tion. New mess pork was sold on the spot to-day at §11, and North Carolina
86
3,118
2,192
2,568
1,382
6,990
for June at §10 90, with July quoted at $11; August, §1110; Norfolk
121
96
763
842
518
Point, &o
City
September, §11 20. Lard declined 5c. per 100 lbs., with prime
18,220
9,669
13,810
17,133
Total this week
23,764
"Western on the spot at 6'92/2@6‘95c., do. for June 6,90@6’92^c.,
July 6‘95@6,97^c:, September 7‘05@7*07/£c., seller year 6*90@
Total since Sept. 1. 4,739,442 4,389,721 4,196,104 3,905,643 4,018,014
6’92/^c., buyer do. 7*30c.; refined to the Continent, 7Me. Bacon
The exports for the week ending this evening reach a total of
is quiet at 6*80c. for long and short clear together. Beef and
56,971 bales, of which 47,184 were to Great Britain, 330 to
beef hams as last noted. Butter is quiet, but cheese is steady France and 9,487 to rest of the Continent, while the stocks as
made ud this evening are now 423,045 bales.
and fairly active. Tallow active at 6@6 l-16c.
Below are the
Rio coffee fell to 14c. for fair cargoes at one time, owing to exports for the week and stocks to-night, and a comparison with
slowness of trade and increasing supplies, 55,000 bags having the corresponding period of last season.
arrived within a week; the close is more steady at 14%c., and
STOCK.
EXPORTED TO—
Week
Total
Same
mild grades have been dull at the quotations of last week. The
Week
this
ending
Conti¬
Great
Week.
1879.
1880.
1879.
supply is still large. Rice has been in good demand most of the May 23. Britain. France. nent.
time, at firm prices. Molasses has been moderately active, at
394
6,563 146,884 51,177
15,229
prices showing no marked change, but 50-degrees test refining N. OrTns 14,835
1,954 117,392
3,052
4,907
stock is merely nominal now at 35c., where last week there was Mobile..
1,300
3,607
12,155
1,291
3,312
considerable firmness. Tea has again sold lower at auction Charl’t’n
3,312
"
-
'
...
-
.
....
....
Spices
have been dull. Raw sugar has been quiet, but firm, at 7 9-16@
711-16c. for fair to good refining, or a slight advance on the
but the advanced prices checked
quotations of last week
trade to a great extent, notwithstanding that refiners have
reported a better demand for their product at strong prices,
There are some reports of a deficiency in the Cuban crop, but
the statements have little or no influence, owing to the large
stock here, as given below. The market closes dull and slightly
_
easier. Crushed and powdered sugars have sold well latterly
at 9%@9Mc. The following shows the statistical position of
raw
sugars
Hhds.
Boxes.
412
200
Basra.
Melado.
236,911
3,371
Receipts since May 1, 1880.
69,926
591
Sales since May 1, 1880
150,618
37,933
849,803
5,784
Stock May 26, 1880...6,510
119,533
Stock May 27. 1879
743,787
26,542
2,144
61,214
There has been a very quiet market for Kentucky tobacco, the
sales for the week being limited to 350 hogsheads, of which 200
for export and 150 for home consumption.
Prices, however,
remain about steady; lugs quoted at 4 35Me. and leaf 6@
11c.
There has been a brisk movement in seed leaf, em¬
„
bracing
important
lines
of
the
new crop.
The transac¬
tions amount to 1,760 cases for the week, as follows:
650 cases 1879 crop, Pennsylvania, on private terms; 930 cases
1B78 crop, do., 10@30c.; 180 cases 1878 crop, New England, 13@
20c. and private' terms. There is nothing new in Spanish
tobacco; sales
are
750 bales Havana at 85e.@$l 15.
Naval stores have been quiet during the week. Spirits tur¬
pentine, however, closes a trifle better at 26c., in sympathy with
the Southern markets. Strained to good strained rosins, §1 40(g)
$1 42^*.
Petroleum has been very active, the sales early in the
week, in forty-eight hours, aggregating 125,000 bbis. refined, at
7%c. for May delivery ; the market is nominal at this price at
the close, with no offerings for June, July and August delivery;
united certificates have had an active speculation, and at one
time advanced to 93Mc., but 'closed with 9lMc. bid, after sales
at 90c.
American and Scotch pig irons have continued more or
less irregular, owing to the unsettled feeling among the weaker
speculative holders; No. 1 sold in this way at $22@$23; No. 2
at §22 and forge at §21; but the agencies demand §28, §26, $27
and $25 respectively. Of Scotch pig fully 30,000 tons have
arrived during the past week; Coltness is quoted at $23(g>$27;
Eglinton at $21 and Glengarnock at $22 50@$23. Rails are well
supported at $48@$52 for iron, $25@$27 for old do. and $65@
$67 50 for steel. Ingot copper fairly active at a decline to 18c.
for Lake.:
Ocean
freights have had a pretty good movement, par¬
induced by a general decline in rates.
The business to-day included grain to Liverpool, by steam, 3d.
standard bushel; provisions, 30@35s ; grain to Glasgow, by
steam, 5d., and by sail 4d:, and flour 2s.<g)2s. l^d.; grain to
Hamburg, by steam, 1*10@P20 marks; do. to Cork, for orders,
4s. 4%d.@4s. 6d.@4s. 9d., as to lay days; do. to Hamburg, 4s.,
June loading; do. to Antwerp, 3s. 10/£d.; do. to the Baltic,
4s. 7d.@4s. 7)£d.; do. to Hamburg, 4s. 6d.; refined petroleum to
Trieste, 3s. 7/6d.; do. to Bergen 3s. l^d.; do. to Antwerp
ticularly in grain
2s-
4/£d.; do., in
room,
cases,
to Tarragona, 20c.
Savan’h.
-
•
•
1,412
13,318
5,882
4,818
Galv’t’nN. York.
NorfolkOther*..
5,882
4,818
10,206
3,451
11,805
6,332
4,734 174,284 159,741
5,800
17,819
3,298 32,500 20,000
56,971
16,549 423,045 250,844,
300
300
....
•
....
....
....
sales, which decide the course of the private market.
1,016
6,477
....
300
•
....
•
•
•
—
■
2,428
20,095
....
....
....
Tot. this
9,487
300
47,184
week..
Tot. since
Sept. 1.. 2305,791 343,515 795,463 3444,769 3285,506
♦The exports this week under the head of “ other ports”
ton, 3,3S8, bales to Liverpool, and from Philadelphia, 1,430
+ Actual count.
••••••
include, from Bos¬
bales to Liverpool.
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 40,422 bales, while the stocks to-night
are 172,201 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
York,
On
28, at—
May
Great
Britain.
New Orleans
Mobile
Charleston
8avannah
Galveston
New York
Other ports
France.
Total.
Stock.
34,970
2,000
2,629
111,914
15,392
300
9,906
3,161
*12,820
4,000
161,464
46,319
59,880
363,165
Noue.
7,015
15,300
921
None.
None.
None.
824
35,644
Foreign
6,076
2,000
2,554
None.
None.
4,670
Leaving
Coast¬
wise.
NoneT
None.
6,191
None.
None.
None.
3,500
Other
37
None.
75
300
9
None.
500
22,666
2,328
7,150
Total
Shipboard, not cleared—for
9.526
8,644
Included in this amount there are 1,000 bales at presses for foreign
ports, the destination of which we cannot learn.
The following is our usual table showing the movement of
*
cotton at all the
ports from Sept. 1 to May 21, the latest
RECEIPTS SINCE
SEPT.
Ports.
1879.
1.
1878.
N.Orlns 1446,113 1163,219
Mobile. 347,936 360,034
512,317
Char’n*
471,598
8av’h..
717,920
699,116
Galv.*
552,794
Florida
462,862
190,965
20,136
N. Car.
102.489
NorTk*
696,353
259,306
-
N. York
Other..
rhisyr. 4715,678
146,566
56,260
134,020
552,055
196,177
mail dates:
EXPORTED SINCE SEPT. 1 TO—
Great
Britain.
France.
Other
Foreign
Stock.
Total.
800,583 246,467 238,551 1285,601 157,825
99,858 24.365
76,260 10,143 13,455
150,728 19,422 162,028 332,178 14,514
185,152 18,950 218,440 422,542 10,613
211,554 22,826 48,663 283,043 15,018
376,179 22,751 62,157 461,087 178,399
....
23,863
219,111
215,177
....
1,177
1,479
....
....
....
10,447
35,487
8,912
229,502
238,500
23,323
......
1,810
19,887
30,250
2258,607 343.215 785,976 3387,798 452,781
4372,608 1956,700399,780 912,477!3268,957 264,288
Last ye ar
*
Under the head of Charleston ia included Port Royal, Ac.; under the head of
Galveston is included Indianola. Ac.; under the head of Norfolk is included City
Point, Ac.
THE CHRONICLE,
570
speculation in cotton for future delivery has been moder¬
ately active, but at variable prices, opening at some improvement,
which, however, was not sustained. There was an advance on
Saturday, on reports of violent storms in Georgia and South Caro¬
lina, but the close was dull. There was a buoyant opening on
Monday, but Liverpool did not respond as fully as was expected
to the advance made here on Saturday, so our market relapsed,
closing at some decline, with notable depression in June con¬
tracts, which fell off 8 points. On Tuesday there was a further
decline, but it was fully recovered at the close. On Wednesday
there was nearly a repetition of Tuesday’s market, but the close
was easier for this crop and firmer for the next, as was natural,
in view of the fact that July contracts were nearly one cent a
pound above October’s. Yesterday there was a decline of 6@12
points for this crop, while the next was irregular. To-day the
market was quiet, but somewhat irregular.
There has been but
a moderate demand for cotton on the spot, whether for export or
home consumption.
Quotations were reduced 116c. on Monday,
and remained unchanged until yesterday, when there was a
further reduction of 1-I6c.
To-day the market was quiet and
unchanged, closing at 11 11-16c. for middling'uplands.
The
0 2.1
The total sales for forward delivery for the week are 512,000
bales, including
free on board. For immediate delivery the
total sales foot up this week 4,096 bales, including 3,020 for
export, 1.879 for consumption, 97 for speculation, and
in
transit. Of the above,
bales were to arrive. The following
tables show the official quotations and sales for each day of the
past week:
May 22 to
May 28.
Sat.
Ordin’y.#lb
9*2
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Btr.L’wMid
lOhe
105a
101&16
UIl6
115a
Middling..
111316
123J6
Good Mid
Str. G’d Mid 12716
..
Mon Tues
97ie
13® 16
9716
1278
1312
13*2
103^
10%
Wed
Th.
Frt.
Wed
Th.
Frl.
9716
93s
93s
9716
938
938
Ordin’y.$lb
9i516 1018
10®i6 10% 1012
lOiiie
10%
1O1310 1013ie
1138
U516 11&16 lli3
1112
11®16 Ills
nuie
Middling... 11% miia Lliiie 1178
Good Mid.. 12is
12118 12116 12%
Str. G’d Mid 123s
12516 12516 12%
Midd’g Fair 12 7e 121310 12i3i« 13
9i5ie
10
Strict Ord.
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’w Mid
Fair..
13*3
137i«
137ie
STAINED.
Good Ordinary
Strict Good Ordinary
Low Middling
$
10%
10%
9
915i6
915j6
SALES OF 8POT AND TRANSIT.
Ex¬
Mon
.
.
.
Dull at lie dec...
Dull and easier..
1,170
Quiet and steady
Steady, at %6 dec
200
600
Quiet and steady
50
417
204
305
442
307
204
3,020
1,879
1,000
Total
The daily
....
deliveries given above
vious to that
on
Spec- Tran¬
port. sump. ul’t’n
Sat.. Dull
Tues.
Wed
Thurs
Fri.
Con-
which they
are
sit.
Total.
1,417
*
m
m
m
m
m
m
m
....
•
•
•
.
....
....
97
are
....
400
11*35
100 8.n.2Tthl'-43
100 e.n.23ilill'45
200
11-40
200
11-47
200
.11-48
1,000
11-4 •
200
100
100
100
800
.11-50
11-51
11-53
11-50
11-57
800...;
11-58
Bales.
10%
1015i6 10l5is
11716 HLft
11%
11%
111316 ll13i6
123i6 123i6
127,6 12‘10
1315i6 131516
13*10 13®io
Th.
Frl.
-81516
81516
978
9%
10916
11316
1,800
3,000
500
1.000
>-00.
.
..
...11-04
1,300
.
3,200
....
.
1,000
800
000
Sales.
eries.
71,600
2,000
pre¬
1,000
700
100
400
....11*09
200
400
SOU
..
.11-72
3,800
2,200
l,20o
8. xj..
11-39
.
11-41
.
1,600..
2,200..
3,300..
2,000..
3,400..
7,800.
5,500.
8,500..
3,000.
4,200..
2,200..
11-15
12,000...
23,900...
19,000...
31*00
11-07
3168
1,100
4.100
12.800...
.11-70
2,700
2,100
4,800
9,000
1«,000...
24,400..
....11-E8
12,300...
5,200.
5,700...
11-45
4,000
3,500
3,500
...11-47
..! 1*48
>•,500
.U-Bl
..:.U-62
1,800k.,
11-75
.11-70
.11-77
3,500
14,000
.1-50
5,?v 0
7,301)
...11*64
2,600..
6,000...
11-79
1,300...
2.600...
11-80
11-81
3,400
4,500
0,700
,
..
1,000
3,500
.
.11-52
],000
....11-00
5,400
1,100
..n-54
..11-55
3,700
5,500
7,500
11-07
....11-68
11-09
209,900
1,000
4,000
.11-50
5,300
...11-70
For
..11-57
3,000
...11-71
....11-72
2,400
800
3,300.
11-20
11-21
13-22
.
11-24
11-25
11-20
200...
47,600
Market.
Tuesday.
Firmer.
For
Closing.
Day.
Day.
Closing.
Wednesday.
Thursday.
Friday.
Variable.
Lower.
Irregular.
High. Low. Bid. Ask
11-53-11-57 11-56 57
11*72-11-58 11-59 60
ll-78-ll'68 11-69 —
11-81-11*71 11-72 —
11*27-11*19 11-20 —
10 78-10*70 11-71 72
10*58-10*52 10-52 53
10-57-10*51 10-52 53
-10*59
11*6 0
—
—
11-6 5
Quiet, iirm.
-
For
...
August.
Sept...
October
Nov....
Dec’ber
Jan’ry.
Tr. ord.
Day.
High. Low.
11-51-11*49
11-59-11-50
11-69-11*59
11-72-11-61
11-23-1112
10-75-10-66
10-55-10-48
10-56-10-49
-10-56
11*5
For
Closing.
2,000
1,400
10-00
'.. 10-07
10-08
500
400.
Closing.
—
Closed.
—
10-56-10-55
Tl-15
11* 40
Stea dy-
Stea dy.
8tea dy.
Closing-
Day.
Low. Bid. Ask
-11-35 11-35 3ft
43
46 11-42-11-39 11-39 40
59 11-59-11-53 11-56 57
66 U-66-11‘60 11*63 64
— 11-25-11*18 11*23 24
73 10*74-10*68 10-72 73
56 10*52-10*50 10-52 54
57 10*55-10-50 10-53 55
—
5
For
Bid. Ask High.
11-42
11*45
11*58
11*65
11*22
10*71
10*54
10-54 56 10-56-10-50 10*56
Short notices for May: Tuesday, 11-45;
notices for June: Friday, 11*42,2> 11*39.
Wednesday, 11*43.
Short
by cable and
telegraph, is as follows. The Continental stocks are the figure#
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the. totals
the complete figures for to-night (May 28), we add the item of
exports from the United States, including in it the exports of
Friday only.
1877.
The Visible Supply of Cotton, as made up
bales
Total Great Britain stook.
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
1880.
1879.
767,000
598,000
49,300
42,500
816,300
67,100
4,500
45,700
640,500
121,000
2,750
47,750
3,000
43,200
14,170
3,000
27,500
38,000
2,000
6,500
9,250
198,180
257,750
17,400
2,290
Stock at Rotterdam
820
Stock at Antwerp
Stook at other conti’ntal ports.
Tstal continental ports..
1,014,480
318,000
379,000
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe»
Stock in United States ports ..
Stock in U. S. interior ports...
20,000
423,045
78,111
United Strtes exports to-day..
5,000
Egypt,Brazil,&c.,aflt for E’r’pe1
1878.
866,000 : 1,155,00ft
12,000
49,500
10 70
10-71
3,000
10-72
500
800
10-73
10-74
5,800
10-75
10-76
10-77
...
10-78
,
,
1112
For November.
1,000
10-48
3,400....
11-13
10 49
44.500
.
■c
60,750
12,000
6,500
20,000
436,750
11,750
6,750
17,000
484,250'
898,250 1L,314,750 ] L,688,750*
300.000
192.000
303,000
12,000
250,844
26,305
1,000
227,000
19,000
285,303
23,912
1,000
360,000
227,000
29,000
413,737
39.289
6,000
1,000
743,000
401,000
227,000
413,737
39.289
6,000
1,543,156 1,275,149 1,578,215
1,830,026
198,000
12,000
412,000
49.500
83,250
514,000
144,000
379,000
423,045
United States interior stocks.
78,111
United States exports to-day.
5,000
473,000
221,000
303,000
250,844
26,305
1,000
668,000
373,000
227,000
285,303
23,912
East Indian, Brazil, <&c.—
.
.
Continental stocks
India afloat for Europe....
.
,
Egypt, Brazil, &c., afloat..
Total American....
800...;.
-
223,250
14,000
61,000
15,000
72,750
62,750
12,237,636 1,791,399 2,062,965 2.763,776
of American and other descriptions are as follows t
.
Total East India, &o
22,800
878.000 ]1,204,500
233,000
6,500
46,000
7,500
Total visible supply
Of the above, the totals
American—
.....10-09
2,700
100
100
Day.
Bid. Ask High. Low.
11-53 54 11*47-11*46
11*57 — 11*53-11*45
11-67 — 11*63-11*58
11-71 - 11*70-11-63
11-22 23 11-25-11-20
10-74 75 10-75-10-70
10-54 56 10-55-10-54
American afloat for Europe..
For October.
800
10-05
..
September.
300 June for July.
200 June for July.
1,000 June for July.
300 June for July.
800 June for Aug.
Quiet, st eady.
10-67-
62
68
75
78
23
74
56
56
.
3,500
500
10.900
Bid. Ask
1,400..
! 5,30 *...
15,700
0,000...
9,800..
7,200...
For July.
30C
8. n...
11-74
...11-75
, ....
.,
For June.
Cts.
For August.
300.
-.11-60
11-01
3,800...
exch.
exch.
exch.
exch.
exch.
Bid. Art
High. Low.
11*50-11*47 11-58 —
11-60-11*49 11-59 60
11-69-11*59 11-68 69
11-73-11-60 11-72 —
11*19-11*12 11-20 21
10-70-10-65 10-71 72
10-52-10-48 10-53 54
10-51-10-48 10-53 54
-10*55
11*6 0
Fire u.
.
Futures
For
Closing.
.
Bales.
2.000..
124,200
Aug.
Aug.
Stock at Amsterdam
Cts.
..11-07
.
Aug.
"uly.
July
Deliv¬
4.996 512,000
11-77
11-78
*10 pd. to
*11 pd. to
*14 pd. to
*15 pd. to
•24 pd. to
Aug.
FUTURES.
93,800
62,700
900
70,200
4,300
2,700.
2,200...
5,8»0
0,400...
2,700...
Day.
Stock at Liverpool
actually delivered the day
Bales.
Closed
July...
reported.
Cts.
..11-59
....11-00
11-01
...11-02
.
June...
For forward delivery the sales have reached during the week
512,000 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For May.
Bales.
Cts.
io <V7
1,400
Variable.
11-60
11-67
11-74
11-77
11-22
October 10*75-10-68 10-72
Nov’ber 10*56-10*50 10-54
Dec’ber 10*57-10-49 10-54
13%
86,700
83,600
642 113,600
9^7
254
cts*
10-56
10*56
10-5ft
600
400
200
Monday.
...
13
1,572
....
10-57
***
High. Low.
11-58-11-53
June... 11-67-11-62
July... 11-77-11*68
August. 11-79-11-70
Sept’br. 11*94-11*17
May
13
204
97
For
13%
600
300
300
300
300
200
.
1,000
Firmer.
May
MARKET AND SALES.’
SPOT MARKET
CLOSED.
-T14,000
Market.
12%
12%
10%
10916
11% • 11316
11%
10-49
10*50
10-51
2,200
2,700
Saturday.
12%
10%6
9
10*55
10 50
Futures
12%
10116
915J0
1,900
1,800
January.
The following will show the range of prices paid for futures,
and the closing bid and asked at 3 o’clock, P. M., on each day in
the past week.
11%
938
9
For December.
200
10-48
For
Bales.
200
following exchanges have been made during the week:
1178
93s
Mon Tues Wed
Cts.
.10 52
10-53
10-54
pd. to exch. 400 June for
pd. to exch. 000 June for
pd. to exch. 100 June for
pd. to exch. 400 June for
pd. to exch. 100 June for
11%
101%6 10%
10%
The
11U10 111110
97ie
Sat.
ll5i« 11%
11%
Frl.
13%
lOHie 10%
10%
TH.
lOiiie 1015i6 11
11716 H716 11%
11%
11%
111116
1113i6 1113i6 11%
12316 12316 12%
12716 127ie 12%
121516 1215J6 13
139i6 139ie 13%
1200
600
700.
1,600
•13
*12
*10
•33
•13
Bales.
11,600
10-50
400.
Cts.
10-58
101%6 lOHi0
Wed
.
200
97i0
10%
10%6 10’16 10%
iS116
Middling
9716
lOiiie 101%6 10%
11
11
lHl6
11%
11%
11*16
Hll16 mils 11%
1178
11%
1U%6
12%
12%
125ie
12%
12%
12*16
13
13
131i0
13%
13%
13Ui6
Bales
Tr. ord.
Mon. Tues
Sat.
910
9716
10%
lO3i0
10®i6 10*16 10%
1078
1078
Uho
113a
113a
11*16
11*16 L1916 11%
11%
1134
1U&10
12*8
1218
12516
123s
1238
129i6
Midd’g Fair 121510 12%
Fair
912
i9o7l“
10
Mon Tues
Sat.
TEXAS.
Cts.
10*50
10-51
10-52
10-53
10-54
10-55
.
Jan’ry
NEW ORLEANS.
UPLANDS.
[Vql. XXX,
....
253,000
49,300
54,180
318,000
20,000
125,000
42,500
36,750
63,750
19,000
360,000
29,000
694,480
516,250
484,750
1,543,156 1,275,149 1,578,215
1,830,02ft
Total visible supply
2,237,636
Price Mid. Upl., Liverpool....
6i%ed.
300,000
12,000
192,000
1,791,399 2,062,965
6i316u.
6316d.
933,75<>
2,763,776-
671
CHRONICLE
THE
1880.]
May 29,
indicate an increase in the cotton in sight to¬
night of 446,237 bales as compared with the same date of
an increase of 174,671 bales as compared with the corresponding
-date of 1878, and a decrease of 526,140 bales as compared with 1877.
In the preceding visible supply table we have heretofore only
included the interior stocks at the 7 original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the foD
lowing comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only
old 7 towns.
We shall continue this double statement for a
time but finally shall simply substitute the 19 towns for the 7
towns in the preceding table.
1877
1878.
1879.
American—
1880.
743,000
668,000
473,000
Liverpool stock
bales 514,000 221,000 373,000 4.01,000
'Continental stocks
144,000 303,000 227,000 227,000
.American afloat to Europe
379,000 250,844 285,303 413,737
United States stock
423,045
67,786
39,025
42,198
United States interior stocks.. 143,241
6,000
1,000
1,000
United States exports to-day..
! 5,000
1,608,286 1,291,042 1,593,328 1,858,523
Total American
The above figures
1879,
were 23,764 bales, the actual movement from plantations was
only 5,550 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
same week were 7,882 bales, and for 1878 they were 10,940 bales.
Weather Reports by Telegraph. — In general our reports
the past week has been fair to very
There are exceptions to this, however, too much rain
being the complaint in a few districts. At Columbus, Georgia,
indicate that the progress
good.
vicinity, there was an extremely severe
Friday, doing local damage in washing out crops, 1 c.
and in that
rain last
Texas.—The weather during the week has been
the thermometer averaging 80, and ranging from
The crop is developing finely, and the fields are clear
69 to 88.
of weeds.
The cotton plant looks strong and healthy; still we
hear rumors of the appearance of caterpillars, though we think
them of little importance. No serious damage has yet been done.
Planters have given increased land to cotton this year.
Indianola, Texas —There has been no rainfall at this point,
and none is wanted, as there is some alarm about caterpillars.
No serious damage has yet been done, and with this exception
all crops are doing as well as possible.
Average thermometer
83, highest 89 and lowest 77.
East Indian, Brazil, die.—
Corsicana, Texas.—We have had warm, dry weather during
Liverpool stock
253,000 125,000 198,000 412,000 the
past week. All crops prospering, and whf>at harvest pro¬
London stock
49,300
42,500
12,000 49,500
^Continental stocks
54,180
36,750
63,750 83,250 gressing. The thermometer has ranged from 58 to - 95, aver¬
318,000 300,000 192,000 360,000 aging 79.
India afloat for Europe
12,000 > 19,000 29,000
Egypt, Brazil, &c., afloat
20,000
Dallas, Texas.—We have had a shower during the week, the
933,750
484,750
516,250
rainfall reaching fifteen hundredths of an inch. Dry weather is
Total East India, &c
694,480
Total American
1,608,286 1,291,042 1,593,328 1,858,523 desired, as the wheat harvest is not yet finished, owing to the
Total visible supply
2,302,766 1,807,292 2,078,078 2,792,273 winter drought. The wheat crop will be short, but still exceed
recent expectations.
Corn ana cotton are very promising. The
These figures indicate an increase in the cotton in sight to-night
thermometer has averaged 79, the highest being 95 and the
•of 495,474 bales as compared with the same date of 1879, an lowest 58.
increase of 224,688 bales as compared with the corresponding date
Brenham, Texas.—There have been heavy rains on two days,
•of 1878, and a decrease of 489,507 bales as compared with 1877.
the rainfall reaching three inches.
No great injury has been
At the Interior Ports the movement—that is the receipts
inflicted, but the wheat harvest has been interrupted. All other
and shipments for the week, and stocks to-night, and for the
Average thermometer during the week 81,
crops very fine.
•corresponding week of 1879—is set out in detail in the following highest 90 and lowest 60.
statement:
New Orleans, Louisiana.—It has rained on four days the past
week, the rainfall reaching three, and sixty-two hundredths
Week ending May 28, ’80. Week ending May*30, ’79.
inches.
The thermometer has averaged 78.
the
Receipts Shipm’ts
Augusta, Ga
Columbus, Ga
Macon, Ga
Montgomery, Ala
:fielma, Ala
Memphis, Tenn..
•
1,497
373
75
15
138
147
Receipts Shipm’ts Stock.
Stock.
6,859
3,217
5,030
15,417
313
11,027
389
233
263
271
220
206
771
231
67
16
1
1,474
5,271
1,632
-
547
71
572
3
2,861
630
2,168
249
Galveston,
warm
and dry,
Louisiana.—The weather during the week has
averaging 77, with an
range of from 66 to 89.
The rainfall has been one inch
Shreveport,
been
warm
extreme
and sixty
and fair, the thermometer
hundredths.
Vicksburg,
on two days.
Mississippi.—Rain has fallen during the past
week
favorable.
8,036 *42,694
1,039
572
1,763
Columbus, Mississippi.—During the earlier part of the past
438
9,154
394
Nashville, Tenn..
week the weather was clear and pleasant; but during the latter
7,301 26,305
1,589
2,181 11,078 78,111
Total, old ports.
portion we have had delightful showers on three days, and the
77
indications are that they extended over a wide surface, the rain¬
15
512
774
86
Dallas,Texas..
191
2
19
150
fall reaching two inches and nine hundredths. The thermometer
80
55
Jefterson, Tex.t..
747
212
238
2,115
348
1,165
has
Shreveport, La
ranged from 78 to 85, averaging 81.
•
600
675
600
685
171
151
Vicksburg, Miss..
Little Rock, Arkansas.—Five days of the past week werd
48
227
26
306
3
6
•Columbus, Miss..
200
529
238
1,961
12
cloudy, with rain on three, the rainfall aggregating sixty-two
Eufaula, Ala
20
10
5
989
20
hundredths of an inch. The weather is, however, favorable, and
Griffin, Ga
364
300
1,800
7,788
102
1,614
Atlanta, Ga*
all planting interests appear to be in a most flourishing con¬
500
113
75
557
2,753
69
Rome, Ga
500
181
dition.
100
Average thermometer 73, highest 87 and lowest 58.
897
693
475
Charlotte, N. C..
8,116
3,948
1,872
40,958
5,096
Nashville, Tennessee.—Rain has fallen the past week on two
1,314
St. Louis, Mo
3,094
2,011
2,519
6,016
6,043
4,519
Cincinnati, O
days, to a depth of fifty-one hundredths of an inch. The ther¬
15,893 mometer has ranged from 55 to 88? averaging 74.
8,780
5,261
65,130
16,454
7,137
Total, new p’rts
Memphis, Tennessee.—It has rained during the past week on
42,198 | four
6,850 1 16,081
27,532 143,241
9,318
Total, all
days, the rainfall reaching three inches and thirteen hun¬
dredths. The thermometer has averaged 75, the highest being ,
90' and the lowest 5 1.
The balance of our despatch, relating to
t This year’s figures estimated.
The above totals show that the old interior stocks have de- condition, &c., is unintelligible as received.
Mobile, Alabama.—It has been showery two days and has '
'Creased during the week 8,897 bales, and are to-night 51,806 bales
rained
severely two days, the rainfall reaching four inches and
more than at the same period last year.
The receipts at the same
seventy-nine hundredths, and the balance of the week has been
towns have been 592 bales more than the same week last year.
Average thermometer 77, highest 90 and lowest 70.
Receipts prom the Plantations.—The following table is cloudy.
The crop is generally making fine progress, but in some sections
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬ weeds are growing so fast as to be troublesome.
Montgomery, Alabama.—Rain has fallen during the past week
times misleading, as they are made up more largely one year
five days, the rainfall reaching four inches and twenty-two
than another, at the expense of the interior stocks.
We reach, hundredths
(including last Friday’s rainfall of two inches and
therefore, a safer conclusion through a comparative statement
hundredths,
fifty
reported at that time). We are having too
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or much rain, and weeds are growing so fast that they are becom¬
The thermometer has
Southern consumption; they are simply a statement of the ing very troublesome in some sections.
weekly movement from the plantations, of that part of the crop averaged 76, the highest being 92 and the lowest 67.
Selma, Alabama.—The first three days of the past week were
which finally reaches the market through the out-ports.
clear and pleasant, but the last four days have been rainy.
yVe
RECEIPTS from plantations.
217
Crop accounts are more
..
:
..
•
m
m
m
m
m
m
m
m
'
on
are
Receipts at the Ports.
Week
ending—
•Mar. 12...:..
19
II
Apr.
2
II
9
II
10
II
23
U
30
May
1879.
82,204 78,490
75,723 60,202
05,470 60,098
59,880 54,283
51,391 44,851
39,016 40,187
1878.
1880.
7
II
14
20,097
II
21
19,732
u
28
18.220
1879.
Ports Rec’ptBfrom Plant’ns
1880.
04,308 109,030 159,418 289,996
49,011 140,053 141,012 281,047
53,419
47,393
37,323
38,910
38,858 30,183 30,714
31,190 22,283 30,855
24,252 19,031 25,001
26
0
1878.
Stock at Inter’r
131,795 131,463 260,120
119.991 116,879 259.223
108,633 107,005 252,495
95,979 91,900 238,550
89,142 87,294 220,930
75,550 78,902 204,154
05,770 71,540 180,058
19,897 24,030 50,433 59,249 170,157
16,073 20,514 40,305 51,429 161,455
17,113 23.704 39,025 42 168 143,241
1878.
1879.
1880.
59,435
72,289
42,390
50,549
89,699
34,977
25,148
31,511
13,951
11,015
7,000
51,095
52,740
50,012
48,082
40,033
20,302
32,019
17,604
14,472
10,700
9,604
10,940
8,853
7,882
40,602
38,492
40,490
30,595
24.971
19,094
14,076
8,165
14.135
11.812
5,550
The above statement shows—
1. That the total receipts
1879-80
1877-78
were
4,218,647 bales.
although the receipts at the out ports
were
2. That
since Sept. 1 in
4,426,267 bales; in
from the plantations
4,875,382 bales; in 1878-79 were
the past week
having too much rain.
Madison, Florida.—Telegram not received.
Macon, Georgia.—It has rained here on one
day, the rainfall
of the week
reaching one inch and sixty hundredths, but the rest
has been warm and dry.
The thermometer has averaged 77, the
a
highest being 85 and the lowest 70. We have
stand of cotton, but hear many complaints of grass. Our corre¬
spondent states that the increase in acreage of cotton
this section will reach six to seven per cent over last year.
secured good
planted in
Columbus, Georgia.—We are having too much rain, and much
damage has been done, there having been a rainfall during the
past week of nine inches and ninety-two hundredths. Average
thermometer 76,
highest 92 and lowest 60.
Georgia.—We have had rain during the week on
one day, the rainfall reaching one inch and sixteen
♦>ut the balance has been pleasant.
The thermometer has aver¬
aged 77, the highest being 85 and the lowest 69.
Savannah,
Augusta,
hundredths;
Georgia.—During the earlier part
of the past week
days, the latter portion,
Accounts are good.
had heavy and general rains on three
however, having been clear and pleasant.
we
rHE CHRONICLE.
572
and the crop is making excellent progress.
The thermometer
has ranged from 66 to $6, averaging 75.
The rainfall for the
week is two and fifty-three hundredths inches.
Charleston, South Carolina.—It has rained during the past
one day, the rainfall reaching forty-six hundredths of
week on
an inch.
Average thermometer 77, highest 83 and lowest 70.
following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
May 27, 1880, and May 29, 1879.
The
May 27, ’80. May 29, ’79.
<r
Below high-watermark
New Orleans
Memphis
..
Feet.
Inch.
3
2
Above low-water mark... 14
Above low-water mark...
4
Above low-water mark... 10
Above low-water mark..., 29
Nashville
Shreveport
Vicksburg
Feet. Incli.
0
10
8
5
17
16
11
9
6
8
9
2
1
0
reported below high-water mark of 1871 until
New Orleans
correctly, the total'supply and con¬
sumption were short to just the amount of this addition to
spinners’stock Oct. 1. With this explanation we give the full
text of Mr. Ellison’s interesting circular.
COURSE OF THE LIVERPOOL
MARKET, APRIL
8 TO MAY 13.
Our last report was issued on April 8. The market had been
weak for several days, but on the 8th ult. became steadier.
There was an impression that a reaction was not far off, but the
XXX.
Compared with.the rates current on the Sth ult., the present
spot prices show a decline of 7-16d. to %d. in good ordinary to
low middling American of all kinds, %d. in middling and good
middling uplands (Mobile and Texas) and Yzd. in middling and
good middling Orleans. In . Brazils there is a decline of 5-16d.
to 7-16d. in middling fair to fair, and 3-16d. in good fair*.
Brown Egyptians have lost %d., but white only %d.t owing to
scarcity. In East Indian, Broach and Dliollera have given way
9-16d. to ll-16d., Oomrawuttee %d. to %d., Compta 9-16d. and
Bengal 7-16d.
As already stated, the* lead in the downward movement was
taken by New York, where it had become evident, from the
accounts received from this side, that the upward movement in
prices had culminated, and that the enormous stocks at the
orts and interior towns could not be moved except at a decided
ecline. From the 5th to the 15tli of April (ten working days)
the sales of futures in that market reached the enormous total
of 2,227,000 bales, or 222,700 bales per day ! And prices gave
way l%c. per lb. During the subsequent nine days—April 16
to April 26—the sales receded to 1,348,000 bales, or 149,000
bales per day, and prices, after sundry fluctuations, advanced
Ysq.. to 3-16c., except Septembers, which rose only l-32c.; but
this improvement was more than lost in the course of the next
eleven days, during which the sales were only 894,000 bales, or
an average of 81,000 per day.
The movements since April 3d
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.
Ellison & Co.’s Circular for May.—We have this week re¬
ceived Mr. Ellison’s May circular. - It appears by this circular
that our cable was right in stating that the figures of esti¬
mated consumption for the previous six months had been raised.
Our cable, however, did not tell us that the surplus stock held
compare as follows:
by mills October 1 was also nearly doubled. Mr. Ellison now
makes that item 10,800,000 pounds for G-reat Britain (instead of
6,012,000 pounds, as given in previous circular,) and 37,600,000
pounds (instead of 18,720,000 pounds, as previously given) for
the Continent. In consequence of this change, although we April 3— 1 (lay
stated the total deliveries
rV0L.
April 15—10 days
April 26— 9 days
May
8—11 days
May 12— 3 days
Quotations for Futures.
Average
Sales.
99,000
222,700
149,000
81,000
145,000
•
May.
June.
July.
Aug.
Sept.
1304
11*71
1319
11-81
11-98
11-68
11-49
13-37
1201
1214
11-85
11-60
13-02
11-84
13-29
11-92
12-08
11-65
11-47
COURSE OF THE MANCHESTER MARKET,
11-78
11-55
11-79
11-82
11-44
11-23
APRIL 8 TO MAY 13.
which ruled in March, and developed
has since continued, only with increased
intensity. We stated in December last that much of the busi¬
ness then being done was “ exceptional, anticipatory and specu¬
lative;” this was still more true of the business done in January
and February. It is not unlikely, in fact, that in three months
the wants of five or six months were secured by anticipation.
Such being the case, a reaction was—sooner or later—inevitable.
Buyers could not possibly go on very long purchasing double
their requirements. The pause commenced at the end of Feb¬
ruary, and the process of digesting the “forward” business
entered into up to that time is apparently not yet over. Inac¬
tivity begets weaknes, and weakness impatience. Sellers won¬
der what has become of the buyers, and they put the reaction
down to all kinds of influences except the right one. The sim¬
ple explanation is that the present depression is the natural
result of the previous undue inflation. All other alleged causes
are mere excuses.
At the moment there are no signs of any
approaching resumption of activity, and as we are at a season
of the year when the market is usually quiet, there is appar¬
ently little chance of any immediate revival; but as prices have
run down to a very safe level, and as the greater part of the
forward business done at the close of last year and the opening
of this must now be completed, it may be that we are nearer a
turn for the better than at present seems probable.
The following are the present quotations for specific quali¬
ties of yarns and goods, compared with those of April 8 and
The quieter feeling
into dulness in April,
New York caused buyers to hold
aloof, especially as there was no encouragement from Manches¬
ter, and between the Sth and 16th ult. there was a decline of
Ysd. on the spot and fully 3-16d. in futures, the market at times
being very depressed. The fall led to a little more buying, and
between the 16th and 20th ult. there was a recovery of l-16d.
to Ysd. in futures and about l-16d. on the spot.
But a further
sharp decline at New York checked the improvement, and Jed to
a decline of %d. on the spot and 3-16d. in futures between the
20th and 23d. Futures now showed a fall of %d. from the
highest point, and in New York there was a reduction of 2
cents# After so sharp a decline it was thought that a reaction
might come at any moment; buyers, therefore, began to show
less timidity, and as the Manchester advices were rather more
encouraging than of late, sellers, became very firm, and
the result was an increased business, and an ‘advance of
l-16d. on the spot and 3-16d. in futures between the 23d and
27th ult.; but in the absence of any real response from Man¬
chester, the improvement was very short-lived, and between the
27th ult. and the 4th inst. the course of prices was again down¬
wards, ending in a decline of %d. on the spot and %d. in
futures, the latter touching 6 ll-16d. for near and 6%d. for dis¬
tant positions.
The general depression was increased by a local
failure and by the fear that further similar disasters were at hand. Feb. 17;
continued fall in prices at
.
,
With
more
hopeful accounts from Manchester, where low prices
Mule Twist.
Shirtings.’
brought in buyers and restored confidence, there was a
50’s
30’s.
40’s.
71b.
recovery of %d. on the 5th and 6th inst.; but as Manchester did
8x4 lb.
not keep up to expectations, the advance was lost on the 7th
ll^d. 12k2d. 14d.
6s. lk2d.'S'6s. 4k2d. 7s. Od.'a>9s. Od.
and 8th. The reaction was very disappointing to holders, who Feb. 17
11 isd. 12 qd. 14d. '
6s. Od. 'cb7s. ik'd. 6s. Od.'SSs. 6d.
April
8
now began to show signs of weariness, in consequence of
long- May 13—
5s. 8d. ®6s. 10k2d. 6s. 3d. ® 8s. lkzd loqd. liqd. ISkad
continued waiting for a return of activity. This feeling has
been intensified this week by the continued absence of demand
The decline for the month is 3d. to 6d. per piece for shirt¬
in Manchester, by the certainty of some reduction in consump¬
ings and -%d. to l%d. per lb. in yarn. From the highest point
tion owing to the “ strike” in Blackburn, by the probability of the fall is 5^d. to 10/£d. per
piece in shirtings and Id. to l&d.
several weeks of dull markets, and the consequent likelihood of
per lb. in yarn. Meanwhile 32’s twist (which were exceptionally
a further decline in prices than had
previously been contem¬ inflated) have given way Id- to l%d. during the month and 2d.
plated. Both spot cotton and “ futures,” especially the latter, to 2%d. from the highest point.
have been pressed for sale, and prices have given way 3-16d. on
the spot and %d. to 5-16d. in futures since the 6th inst. Yes¬ RATE OF CONSUMPTION IN EUROPE DURING THE FIRST HALF OF THE
SEASON.
terday there was a recovery of 3 32d. from the extreme low
had
rates touched
the 11th
on
;
part of this advance
was
lost this
The estimates given in our last monthly report having occa¬
morning, but was recovered this afternoon, and the market sioned considerable controversy, we have carefully examined
closes quite steady.
the whole question, and asked a number of Continental cor¬
The highest prices so far this season were touched on Febru¬
respondents for facts and opinions on the matter at issue. The
ary 11, and the next highest on 8th March ; these rates com¬ conclusion we have arrived at is that our estimates of consump¬
pare as follows with the principal fluctuations during the past tion for the first half of the season—this year and last—were
month:
too low. We detected the error later on last season, and gave
amended figures in our reports issued in May and June. Touch¬
April- May- June- July- Aug.- Sept.- Oct.- Nov.- ing the question of the number of hours worked per day in
Spot.
Nov.
Dee.
May. June. July. Aug. Sept. Oct.
winter and summer, our correspondents say that there is very
little difference, at all events 1,000 bales per week or about 2
Feb. 11.... 7ki
7 is
7ia
'916 7V 75a
72130 72132 7732
8.... 7*2
Mar.
7
712
71732
per cent will cover the whole variation. It so happened, how¬
April 5.... 738
71132
678
77132
ever, that in the winters of 1876-7, 1877-8 and 1878-9 there was
714
7&16
April 8
7532
7722
61318 658
more or less of “ short time ” worked, owing to the bad state of
6^2
678
April 10.... 7
6^32
62932 61316 S?16
GI&32
7
7
trade, chiefly in Russia in 1876-7, and in other parts of the Con¬
63132 63!32 63132
(Fs
April 20....
7!22 63132 6®8
63i
6\
63e
April 23.... 6*8
62502 6l3ic 62 <32 62632 fie
tinent in 1877-8 and 1878-9.
6is
April 27.... 61616 6i5io 61510 615ie 63132
6ib16 65q
The actual deliveries to Continental spinners in the first half
6%
6%
May
4.... 613i6
6Hic
62332 63e
£o16 of the current season, and the first and second halves of the
May
6.... 6*8
6i3le 61316 62732 67e
6131(J 61332 63s
6k*
6ks
61s
May 11.... 6;i16
61732 61732 6kj
63ig
previous three seasons, were as follows, in thousands of pounds
Mav 13...
65,
.
,
?4-
...
611,«
65g
ifb
•
62I32
6H1t, 65s
6H32
614
*and bales:
t
1188776-- 8907
»—-
Bales of 400 lbs. each.
Pounds.
2d half.
1st half.
1st lialf.
2d half.
Total.
468,382
519,920
516,955
451,650
920,032
508,992
1,028,912
1,029,262
512,307
1,292
Total.
569,592
187-90.
2,300
2.572
2.573
1,129
1,272
1,281
1.424
get the following account of the movements
vious three seasons,
400 lbs. each:
1879-SO. 1878-79.
First half.
Supply
Consumption
1877-78. 1876-7.
1,424
1,292
1,300
1,171
94
117
54
163
1,518
1,340
1,409
1,274
1,354
1,234
1,334
1,195
178
135
120
139
1,281
1,272
1,129
1,416
1,322
1,392
1,275
1,268
1,214
Surplus stock Oct. 1
Surplus stock March 31..
Second half.
Deliveries
....
Supply
Consumption
:
.
Surplus stock Sept. 30
Xilt;
94
....
OtUUiO
UJLL
tJLLO Ulot UlCllCU,
54
117
XU I U OjLLKX XU I I j uuiui
little from those published in our report of April 10,
there is a reduction of 99,000 bales for last year
(partly owing to reduced average weights) and of 44,000 bales
very
American
East Indian
for this year.
The actual deliveries to
English spinners in the corresponding
periods to those given above were as follows:
1879.
1880.
1,541
1,254
661
92
74
59
2,063
1,915
776
522
59
117
40
835
182
165
744
136
738
8S6
3,245
2,975
Sundries
125
Total
2,507
2,089
1879.
2d half.
Total.
1st half.
2d half.
687,590
629,825
581,095
700,947
590,948
585,307
533,810
1,278,538
1,215,132
1,114,905
1,769
1,575
1,453
1,427
1,463
1,334
Reducing the whole to bales of the uniform weight of 400 lbs.,
get the following comparison with the actual figures of last
year ; taking this year’s probable consumption at 115,000 bales
per week for all Europe, against an actual consumption of
104,100 bales per week last year :
1880.
Total
weight, lbs.
Supply
Consumption
3,196
3,038
2,787
present season
three seasons
1877-78. 1876-7.
1,752
1,453
1,575
1,769
27
35
35
21
1,779
1,620
1,488
1,400
1,610
1,510
1,790
1,620
88
100
170
1,334
1,463
1,427
1,422
1,395
1,563
1,528
1,597
1,562
27
35
35
159
Surplus stock March 31
*
Second half.
Deliveries
.*...
.
Supply
Consumption
,
.
,
....
Surplus stock Sept. 30
.
....
Compared with our previous estimate, the consumption is
slightly increased, but the relative result as respects the sur¬
plus stock is not materially altered, the excess being 71,000,
against 74,000 in our last month’s report.
The estimate of consumption for Great Britain this season
and last is arrived at
as
1879-80.
1878-79.
Piece goods exported, six mouths.. .yards. 2,060,000,000 1,776,000,000
lbs.
lbs.
412,000,000
112,000,000
355,000,000
113,000,000
lbs.
.lbs.
524,000,000
100,000,000
468,000,000
85,000,000
Total deliveries of goods and yarn. .lbs.
624,000,000
553,000,000
Yarn exported
Total export
Home consumption
annual
report, issued in January,
showed that the deliveries of goods
and yarn last year included about 43,000,000 lbs. taken out of previously-existing
stock. It would probably be about the
same for the season as for the year, or
about 22,000,000 lbs. for 6 months. The
exports early this season, say in October
and November, would include about 10,-
we
000,000 lbs.outof pre-existing stocks.lbs.
Het deliveries of goods and yarn
raw
cotton to
Or bales of 400 lbs
lbs.
lbs.
on
10,000,000
22,000,000
614,000,000
648,000,000
1,620,000
531,000,000
560,000,000
1,400,000
The loss in convert-
is in the first instance about 11 per cent
last month’s report we gave the following
for the second half of the season :
3,793,000
2,990,000
3,332,000
2,717,000
803,000
672,000
131,000
615,000
484,000
Stock 30th September
Of which at the ports
And at the millsT
131,000
The above figures represent bales of 400 lbs. The actual stock
last year averaged rather less than 400 lbs. each, and amounted
to
487,000 bales.
The excess in the estimated stock for Sept. 30, compared with
that of last year, is 188,000 bales; but this is on the supposition
that Europe will use 115,000 bales per week, against 104,100
last year. The present rate of consumption is 117,000 bales.
MOVEMENT DURING* THE
SEASON, OCTOBER
1 TO APRIL 30.
The deliveries to English and Continental spinners during the
first seven months of the season compare as follows with the
figures for the corresponding months of last season :
Continent.
1878-79.
1879-80.
m
1878-79.
Av’ge weight (lbs.)..
Total weight (lbs.)
..
1,825,130
1,623,940
1,613,720
1,541,330
451
439
432
420
"
823,133,630 712,907,660 697,127,740 655,065,520
The consumption of Great Britain during the first six months
of the season was about 1,620,000 bales of 400 lbs., or 648,000,000
lbs. The present rate is about 65,000 bales per week, which for
five weeks amounts to 325,000 bales, or 130,000,000 lbs., making
seven months.
Last season the con¬
sumption during the first half was about 1,400,000 bales of 400
lbs., or 560,000,000 lbs. In the five weeks after the last Thurs¬
day in March it averaged 57,000 bales per week, or 285,000
bales, equal to 114,000,000 lbs. for the month, and making
674,000,000 lbs. for the seven months. The
consumption of the Continent during the first half of the
present season wa3 about 1,340,000 bales of 400 lbs., or a total
of 536,000,000 lbs., against 1,274,000 bales, or 509,400,000 lbs. last
season.
During the past five weeks the average has been about
52,000 bales, or a total of 260,000 bales, equal to 104,000,000
lbs., against an average of 50,800 bales, or a total of 254,000
bales, equal to 101,600,000 lbs. last season ; making a total for
seven months of 648,000,000 lbs. this season, against 611,000,000
lbs. last
season.
On the basis of the foregoing estimates,
the thirty-one w eeks were as follows :
the movements for
Great Britain.
1879-80.
Lbs.
1878-79.
1S79-80.
Lbs.
Surplus stock Oct. 1.
Continent,
Lbs.
10,800,000
14.000,000
37.600,000
’
1878-79.
Lbs.
46,800,000
Deliveries to Apr. 30 823,133,000 712,907,000 697,127,000 655,065,000
833,933,000 726,907,000 734,727,000 701,865,000
Supply
Consumption
in
31
weeks
-Surplus stock Apr. 30
Surplus stock in bales
of400 pounds
778,000,000 674,000,000 640,000,000 611,000,000
55,933,000
52,907,000
94,727,000
90,865,000
139,000
132,000
236,000
227,000
The Continental stocks include cotton in the Swedish and
Russian ports in the Baltic, in the hands of merchants in Mos¬
&<?., and at some of the minor ports in Southern Europe.
EUROPE ON APRIL
_
30.
Practically—as shown above—the stock in the hands of Euro¬
spinners is about the same as it was twelve months ago.
If to the quantities at the mills and interior depots we add tne
stocks in the ports of Great Britain and the Continent, and the
cotton afloat, we get the following comparison of supply visi¬
ble and invisible for all Europe :
pean
average for all growths, but about half is re- spun into coarse
'Counts, leaving 5$ percent as actual loss from sand, damp, &c.
our
3,109,000
223,000
SUPPLY VISIBLE AND INVISIBLE FOR
by the shipments of thread, &e.
1hg cotton into yarn
3,456,000
337,000
Consumption in 26 weeks
cow,
The piece goods are reduced to weight on the assumption that
five
yards of goods are equal to one pound of yarn. The
actual figure is a fraction over five yards, but the difference is
covered
1,243,559,000
mills, &c., March 31
follows:
Piece goods exported, six months
1,382,370,000
778,000,000 lbs. for the
1879-80. 1878-79.
Surplus stock Sept. I
418
Total.
follows in 1,000’s of bales:
Deliveries
2,975,000
426
Bales of 400 lbs
Stock at
1879.
3,245,000
Supply as above
Average weight,
Great Britain.
1,752
First half.
180
we
Number of bales
compare as
Equal in
65
5
1879-80.
1st half.
The movements during the first half of the
and the first and second halves of the previous
supply
1880.
Bales of 400 lbs.
Pounds.
1876-77.......
In
Sept. 30.
1879.
652
62
121
Egyptian
1878 ; but
‘
supply Mar.
31 to
1880.
during the first
and second halves of--the pre¬
in 1,000’s of bales of the uniform weight of
Deliveries
our
Imports Mar. 31
Stocks Mar. 31.
to Sept. 30.
Tot
4
1,171
1,300 ‘
half of this season, and the first
In
s
.
In our annual report for 1876-7, the surplus stock at the Con¬
tinental mills at the close of. the season was estimated at
5,368,000 lbs., or about 14,000 bales; but subsequent investiga¬
tions show that our estimate of consumption for 1876-7 was
rather too large, and that the surplus stock at the close was
about 45,000 bales. The surplus on the 1st October, 1876, was
163,000 bales, as given in our report. Starting from this point,
we
573
THE CHRONICLE,
May 29, 1880. J
estimates of
Great Britain.
Continent.
S
1880.
Estimated stocks at mills
Stocks in ports
Afloat from America
Afloat from India
Afloat from sundries
Total supply
1879.
1880.
1879.
132,000
689,000
156,000
128,000
10,000
236,000
227,000
193,000
19,000
291,000
263,000
87,000
5,000
1,240,000 1,115,000
736,000
873,000
*
139,000
749,000
183,000
146,000
23,000
187,000
101,000
i!
THE CHRONICLE
674
[VOL. XXX.
Europe is therefore slightly less 539,077 bales more than at the same time in 1877-78. By adding
last year, being 1,976,000 bales, to the totals to April 30 the daily receipts since that time,
against 1,988,000 bales. The increased rate of consumption we shall be able to reach an exact comparison of the move¬
must consequently be met by additional supplies from the sur¬ ment for the different
years.
plus stock in America and India, as shown in our estimated im¬
ports for the second half of the season.
1879-80. 1878-79. 1877-78. 1876-77. 1875-76. 1874-75.
The total supply for all
than it was at this time
PROSPECTS.
Tot.Ap.30 4,638,867 4,307,978 4,099,790 3,834,786 3,921,275 3,319.082
prospects of supply have not undergone any material
change since the issue of our last report, but the entire situa¬
tion is much sounder now than it was then, owing to the decline
which has taken place in prices. At the moment the feeling
both here and in Manchester is flat and desponding, the reverse,
in point of fact, of the excitement which culminated in February.
We did not sympathize with the extravagant views and expecta¬
tions current at that time, and we do not sympathize with the
gloomy and demoralized state of things which has come over
the market during the past week. It is evident from what has
occurred since the opening of the season that (as we stated at the
time) a very large proportion of the business done between
November and February was speculative and anticipatory, and
that prices were in consequence pushed up to an artificiallyhigh level from which a sharp reaction was sooner or later in¬
evitable. But as only a very moderate amount of neio business
has been done in Manchester during the past two months, a
large portion of the “ forward” transactions must have been
closed; and as, simultaneously with the clearance of contracts,
prices have receded to the rates ruling in November, it is only
natural to expect that a revival may be witnessed shortly.
Operators of all classes, however, are sure to have a wholesome
dread of a repetition of the inflation which ruled in February,
and prices will not be allowed to run away, unless some ad¬
versity overtakes the American crop, in which case, of course,
the entire situation would have to be regarded from a new
standpoint. So far the crop prospects are very brilliant, and
already there are estimates of 5% to 6% million bales^ but very
different figures may be current a few months hence. Mean¬
while, the course of the market will be ruled entirely by Man¬
chester ; every other influence likely to affect prices during the
summer has been discounted by the late decline.
The
2....
“
3....
“
4*....
“
5....
“
6....
“
7....
“
8....
“
“
10....
“
11....
“
“
4,197
13....
3,573
2,890
3,150
4,211
3,161
1,771
14....
“
15....
“
16....
17....
“
18....
“
19....
“
20....
“
21....
“
22....
“
23....
“
24....
“
25....
“
26....
5,911
1,999
4,913
“
27....
2,643
“
28....
5,514
folk.
Wil¬
All
ming¬ others.
98
74
313
203
100
Mon
2,528
250
410
156
654
1,142
1,235
Tues
57
9
252
70
265
870
59
Wed
2,435
70
349
295
74
610
1
1,056
2,077
Thur
234
11
82
94
32
Fri..
493
93
414
193
10
The
507
5,845
1,820
1,011
1,135
movement each month since
Year
Monthly
Receipts.
1879.
1878.
Sept’mb’r
333,643
October..
Nhvemh’r
888,492
288,848
689,264
942,272
779,237
Decemb’r
956,464
January
647,140
447,918
264,913
158,025
893,664
618,727
566,824
303,955
167,459
.
February.
March...
April....
6,990
12
2,784
678
5,911
417
1,079
1,133
2,234
1,999
4,913
2,643
5,514
1
....
73
6,383
23,764
Sept. 1 has been
•
as
1876.
9(8,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
637,067
444,052
479,861
300,128
163,593
383,324
251,433
133,598
are
receipts April 30..
94*34
This statement shows that up to
ports this year were 330,8§9 bales
now
94*96
93*56
94*91
April 30 the receipts at the
more than iu 1878-79 and
3,654
2,130
2,651
1,584
3,429
3,154
3,841
1,775
8.
4,394
2,427
3,856
2,779
2,285
1,519
1,843
2,385
1,171
8.
8.
S.
2,885
3,484
2,166
1,575
2,249
8.
1,503
96*36'
98*58
95*59
96*54
97*13
receipts since Sept. 1 up to
Ports.—The figures
and forwarded by cable each
collected for us,
Conti¬
nent.
Receipts.
Shipments since Jan. 1.
Great
Total. Britain.
Great
Britain.
1880
Conti¬
nent.
7,000
9,000
1879
4,000
6,000
2,000
Conti¬
Total.
nent.
Since
This
Week.
-
Jan. 1.
341,000
235,000
324,000
605,000 62,000
418,000 35.000
852,000
623,000
554,000 35,000
693,000
337,000
641,000 34,000
881,000
Shipments since January 1.
Great
Britain.
Total.
156,000
104,000
15,000
61,000
11,000
15,000
2,000
Conti¬
Total.
nent.
208,000
173,000
52,000
92,000
52,000
69,000
37,000
31,000
The above totals for this week show that the movement from
other than Bombay is 4,000 bales less than same week
For the whole of India, therefore, the total
shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two previous years, are
the ports
of
.
as
last
year.
follows.
EXPORTS TO EUROPE FROM ALL INDIA.
Shipments
to all Europe
from—
96*86
894
Shipments this week.
Year.
134,376
Perc’tage of tot. port
2,756
2,129
5,149
3,058
8.
2,902
2,039
CALCUTTA, MADRAS, TUTICORIN, CARWAR. RANGOON AND KURRACHEE.
536,968
Tot Ap.30 4.638.867 4,307,978 4,099,790 3,834,786 3,921,275 3,319,082
8.
According to the foregoing, Bombay appears to show an increase
compared with last year in the week’s receipts of 27,000 bales and
an increase in shipments of 20,000 bales, and the shipments since
January 1 show an increase of 187,000 bales. The movement at
Calcutta, Madras, Tuticorin, Carwar, &c., for the same week and
years has been as follows.
1874.
676,295
759,036
2,915
2,945
4,739,442 4,384,531 4,187,814 3,898,500 4,006,262 3,396,729
1878
1877
169,077
610,316
740,116
821,177
1,541
1,484
2,733
5,161
6,189
2,786
8.
2,927
1880 15,000 46,000 61,000 264,000
1879 18,000 23,000 41,000 183,000
1878 4.000 30,000 34,000 23t>,000
1877 10,000 11,000 21,000 304,000
follows:
1875.
3,371
3,415
3,683
4,465
2,895
3,634
1,304
4,072
2,800
8.
2,882
2,696
8.
2,275
3,594
4,140
3,913
3,259
2,018
2,948
2,489
4,167
2,644
2,075
8.
-
2,584
3,575
2.759
Shipments this week
Beginnin g September 1.
1877.
S.
Year Great
Brit’n.
Total.
842
....
8.
4,074
4,097
4,694
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
ton.
Bat.
Tot.
,
Nor¬
6,630
3,368
5,658
2,612
5,096
2,784
7,347
5,874
2,117
2,484
4,642
3,478
8.
4,324
3,390
3,619
3,232
2,607
2,703
8.
4,906
3,098
4,761
7,008
1,794
•
2,501
8.
5,243
4,187
2,435
8.
4,803
2,718
8.
“
-
8.
3,851
4,257
4,886
2,925
8.
3,551
Friday, of the shipments from Calcutta, Madras, Tuticorin. Carwar, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
complete India movement for each week. We first give the
Bombay statement for the week and year, bringing the figures
down to May 27. *
22, '80. TO FRIDAY. MAY 23. '80.
Char¬ Savan¬ Galleston.
nah.
vest’n.
4,062
3,998
which
daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
Mo¬
2,726
2,439
2,621
3,097
3,561
1,675
4,512
2,032
India Cotton Movement prom all
a
bile.
5,164
2,013
to-night are now 354,911 bales more than they were to the same
day of the month in 1879 and 551,623 bales more than they
were to the same day of the month in 1878.
We add to the last
table the percentages of total port receipts which had been
received to May 28 in each of the years named.
the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
New
8.
3,936
12..w.
as
of
Or¬
we’k leans.
S.
'
1,953
comparison of the port movement by weeks is not accurate,
D’y 8
8.
4,854
7,180
2,430
“
4,145
2,707
7,161
2,032
This statement shows that the
Comparative Port Receipts and Daily Crop Movement.—
PORT RECEIPTS FROM SATURDAY, MAY
4,642
4,633
4,696
4,017
4,282
4,366
Percentage of total
p'rtrec’Dts May 28.
Etc.—Bagging is in light demand for
jobbing trade, and only a few small parcels are being taken.
There is no inquiry for large lots, and the market is nominal,
though holders are steady as to prices, and are quoting 10/4c.
for 1% lbs., 11c. for 2 lbs. and ll%@llMc. for standard grades.
Butts have been quiet, but few sales have been made since the
recent movement, and the orders are only for small parcels.
There have been a few arrivals, and other lots are looked for
shortly. This makes buyers disposed to hold off, looking for
lower figures, though holders are not anxious to sell, and there
is nothing to be had below a full figure. No lots are being
forced on the market, and full figures will have to be paid for
any parcels that may be taken.
Quotations are 3Mc. for paper
grades and 3^c. for standard qualities.
tables
8.
9...J
Total
Gunny Bags, Bagging,
A
“
2,575
6,454
2,455
3,391
May 1....
Bombay
All other p’rts
Total
1878.
1879.
1880.
Since
Jan. 1.
Since
This
Jan. T.
week.
61,000
11,000
605,000
208,000
41,000
418,000
173,000
34,000
15.000
72,000
813,000
56,000
591,000
36.000
"
Since
Jan. 1.
This
This
week.
week.
2.000
.
554,000
52,000
606,000
575
THE CHRONICLE.
29, I860.]
May
4
the United
exports of cotton from
Shipping News.—The
affords a very interesting comparison of the
the
itotal movement for
week ending May 27, and for the three
This last statement
week, as per latest mail returns, have reached
44,894 bales. So far -as the Southern ports are concerned, these
years up to date, at all India ports.
are the same exports reported by telegraph, and published in
Alexandria Receipts and Shipments.—Through arrange¬
the Chronicle last Friday.
With regard to New York, we
ments we have made with Messrs. Davies, Benachi & Co., of include the manifests of all vessels cleared up to Wednesday
Liverpool and Alexandria, we now receive a weekly cable of
night of this week.
Total bales.
the movements of cotton at Alexandria, Egypt.
The following
New York—To Liverpool, per steamers Gallia, 578
Celtic,
are the receipts and shipments the past week and for the corre¬
1,081....Erin, 1,600....City of New York, 1,806. ...City of
.
Richmond, 602—Patagonia, 875
Arizona, 1,791....per
sponding weeks of the previous two years.
ship Haddon Hall, 2,520
Alexandria, Egypt,
May 27.
Receipts (cantars*)—
This week
Since Sept,
i
Exports (bales)—
To Liverpool
To Continent
Total Europe
*
A cantar is 98
1,300
3,000
1,000
3,201,000
1,583,000
2,557,000
Since
This
week. Sept. 1.
This
Since
week. Sept. 1.
3,000 286,000
1,200 171,744
3,000 167,000
76,500
3,000 232,000
166,000
4,200 457.744
3,000 243,500
3,000 398,000
*
Manchester
Manchester
Market.—Our report received from
good,
to-day
May 28 states that the market is steady and the demand
but at lower prices for shirtings.
We give the prices of
below, and leave previous weeks’ prices for comparison.
Mar.
April
(i
tt
a
44
*<
a
21
28
a
Shirtings.
d.
d.
26 11 '3)11*2
2 11 ® 11*2
9 10*2® 11*4
1 6;10*2® H
23 103s® 107s
30 10*8®103*
7
14
May
Cott’n
32s Cop.
Mid.
Twist.
8*4 lbs.
32s Cop.
Twist.
d.
8.
8.
7
4*2®8
7 4*2®S
7 4 ®8
7 1*2®8
7 0 ®8
6 10*2®7
9V»lO*a 6 9 ®7
9*2®10*4 6 7*2®7
9*2®10*4 6 9 ®7
9*2® 10*4 6 7*2®7
The Exports op
form,
Uplds
d.
d.
3
3
2
0
0
Lirer-
7*2
9
7*2
Shirtings.
Uplds
8.
d.
4*2®7
6
5*s16
6 ®7
6 ®7
7 *2®7
6
7*2
5*5,0
6*5io 8®8® 9*4 5
6*3ie 878®9*2 5
7*2®7
9
9
9
73io
6*»10
May
May
Liverpool
Total to
Do
1,284
Total French
Bremen and Hanover
....
Hamburg
ports
Total to North.
Spain, Op’rto,
Europe
Gibralt’r,&c
Adi other
Total Spain,
2,703
3,431
1,646
7,780
3;910 1,107 4,105
6,102
64,853
18,745
375
375
5,610
3,406
1
201
6,895
2,467
200
<N cc in CO r?
Grand Total
The Following are the
Boston, Philadelphia
New York.
AttHJuip to
from—
N. Orl’ans
Texas
Savannah
Mobile
Florida.
S Car’lina
N Car’liua
This
Since
week.
jSept. 1.
Boston.
This
w&ek. Sept. 1.
5,955 170,551
3.563 1 04..526
127
176,769
......
Since
80
......
This
week.
......
......
916
*2®916
38
38
38
38
932
032
932
932
m
^
m
m
m
m
5.650
1,290
639 105,803
255 i 41.065
301 198,920
31
Virginia..
North, pts
Term., &c.
Foreign..
6,059
2,749 193,714
252
4,354
This year. 13,904
Last year
‘
*
9.079 850,841
1,007,411.
*
63
sail.. .c.
sail
c.
Forwarded
Sales American
Of which exporters took ....
Of which speculators took..
Total
stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Actual export
A m minf, ft.flnp.t
Of which American.
The tone of the
53,472
3.624H41.583
1,941 142,212
5,708 402,028
10.214!332.«r,<>
.
m
.
%
•
m'm
m
.
.
12:30 p.m.
Market.
5 P. M.
m
m
481 60,399
583 83,594
1.320 Q3
ta*
a
•
•
•
>
•
35.500
8,500
27,000
27.500
16,000
3,100
1,980
1,600
767,000
486,000
496,000
82,000
37,000
3,900
390,000
378,000
27.500
10.500
401,000
209,000
219.000
6,200
213,000
prices of spot cotton, have
Quiet.
downw’ds.
and
514,000
82,000
56,000
and futures each day of the
Tending
Dull
Steady.
3,800
737,1)00
34.500
-
33.500
696,000
1,990
188,000
May 28.
Friday.
Very
dull.
easier..
easier.
"
6%
63*
63*
6*3io
6*310
6*316
?
SI1*6
63*
6*>
63*
,6***6
-
63*
—
—
$
3,000
500
7,000
1,000
8,000
1,000
7,000
1,000
6,000
1,000
8,000
1,000
Futures.
5 p.m.
10^447
£
Quiet but
J
steady.
462
below.
15,0u0
2,529 175,038
Delivery.
-
May
May-June
d.
62l32
Dull.
Quiet.
sales of futures at
These sales are on the
unless otherwise stated.
The actual
75,001
r>oc 1 *>Q.11 6
39.500
15,000
31,000
5,000
15.500
29,000
3,600
1,680
719,000
501,000
56,000
27,000
6,300
370,000
28, and the daily closing
and
]
......
'
May 21.
May 14.
34.500
Dull
l
Mid. Upl’ds
Mid. Orl’ns.
62,638
Fri.
have the following
that port:
Wednes. Thursd’y
Saturday Monday. Tuesday.
Spot.
Market,
ioo 11,490
30
471
44,894
‘
91«
*2®9IC
*«®916
Liverpool market for spots
week ending May
been as follows:
Spec.& exp.
65
bales.
8ales of the week
Market,
...
d.
Sales
......
*2®916
716@*2
c.
May 7.
...
.
sail
Liverpool.—By cable from Liverpool, we
statement of the week’s sales, stocks, &c., at
Sept.l. week. Sept. 1.
15,276
1,923
*2®918
*2®916
710® *2 716'®1*32
*2®916
*2®916
71B®
*2
716®12
916
°ia
*2
*2®910
**32® *8
38
932
932
*2®916
716® *2
*2®91«
716®12
Since
1,928
*2®9l«
710® *2
*2®91G
916
*2®91C
2.575
102
2,168
*2
*2
*2
*2
*2
716®12
5,279
23,545
2,969
36/926
1,420
4,355
*4
*4
*4
*4
916
Baltimore.
This
Since
+
Thurs.
Wednes.
*2®916
New York,
Philadelphia.
•
710®*2
September 1, 1879:
’
m
follows:
sail...c.
week, and since
and Baltimore for the past
Tues.
Mon.
*4
c.
32,159 19,321 20,095 481,182 264,560
Receipts op Cotton at
8,304
800
1,997
4,366
2,465
Hamburg, steam d.
5,611
3,781
375
200
&c
m
•
452
*2®916
716®12
*2®916
Do
13,708
2,202
2,835
1,796
1,360
1,292
sail
Do
32,587
18,975
13,291
1,693
•
316®14
316®732 316®732 316®732 31A®732 816®732 532®316
9ie
*2®910 *2®916 *2®918 *2®916
c. *2®916
Baltic, steam
12,135
23,051
•
^ — — m
Amst’d’m, steam.c.
year.
300
#
saii:..d.
Do
period
previ’us
ports
700
•
....
....
....
....
Satur.
Do
100
651
•
....
Bremen, steam, .e.
13,318 389,497 228,069
Great Britain 19,300 24,613 16,154
300 23,051 12,035
700
651
1,284
Havre...
Other French
Other
26.
4,355
Havre, steam
14,810 17,139 14,057 10,853 364,702 222,865
5,204
4,490 *7,474 2,097 2,465 24,795
ports
Other British
May
19.
•
.
freights the past week have been as
Do
Same
May
12.
5.
-
....
.
.
1,420
Liverpool, steam d.
compared with last week, the total reaching 20,095
bales, against 49,321 bales last week. Below we give our usual
table showing the exports o£ cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Wept. 1,1879, and in the last colunm the total
for the same period of the previous year.
Exports of Cotton (bales) from New York since Sept. 1,1879.
Exported to—
.
\
increase, as
Total to
date.
.
Total.... 25,039
York this week b^ow an
Week ending—
1,835
7,211
2,168
452
Philadelphia
Cotton
7,358
1,835
7,211
1,548
1,744
7*16
93s®10
938® 10
9*8®93i (5 10*2®7 10*2
Cotton from New
burg.
1,997
4,066
f
...
■-
HamHavre
300
.
Charleston
Texas
Norfolk
Baltimore
Boston
67e
1*2
10*2
6 1*2®8
5 10*2®7
and
2,465
N. Orleans
6*8
638
638
6*2
®7 10*2
®9*58 5 10*2®7 10*2
9
678
6**18
6*316
6**10
pool.
New York... 10,853
d.
d.
s.
5
7
9
8*4 lbs.
Cott’n
Mid.
7,211
Reval BaroeIona
Ams- and
and
ter- Gothdam. enburg.Oporto. Total.
375 20,095
800 3,305
Bremen
Leith
aud
Cork.
*
8*4® 838 5
5
838® 9
8*2®9*8 5
778®838
730
7*4
7*4
10*2
d.
d.
follows:
are as
Hull,
1878-79.
1879-80.
barks Sarah
1,420
4,355
12
2,168
452
Total
44.894
The particulars of these shipments, arranged in our usual
and the shipments to all Europe
May 27 were 1,300 cantars
were 4,200 bales.
per
3,305
375
4,066
1,744
Espana, 800 1,548
1,835
Douglass, 1,771....Schiller, 1,616
Norfolk—To Reval, per bark Ceres, 1,420
Baltimore—To Liverpool, per steamers Hermann, 1,146
Nova Scotian, 1,619
Eduardo, 1,590
Boston—To Liverpool, per steamers Brazilian, 69....Iowa,
Istrian, 835....Olympus, 575
Palmyra, 677
Philadelphia—To Liverpool, per steamer Illinois, 452
week ending
that the receipts tor the
Julius, 3,824
Texas—To Liverpool, per ship
lbs.
This statement shows
298
1,917
300
1,796
201
800
1,260
Since
This
week. Sept. 1.
•
10,853
250
To Hull, per steamer Lepanto, 250
To Leith, per steamer Crown, 298
To Cork, for orders,
Erting Skjolgsen, 1,917
To Havre, per steamer St. Laurent, 300
To Bremen, per steamers Mosel, 536
8alier,
To Hamburg, per steamer Gellert, 201
To Amsterdam, per bark Praecis, 800
To Reval. per ship Europa, 3,305
To Oporto, per ship Amertca, 375
New Orleans—To Havre, per ship Northampton, 4,066
To Gothenburg, per bark Condor. 1,744
To Barcelona, per barks Nueva Lautaro, 748....
Charleston—To Reval, per bark Nora, 1.835 Upland
1878.
1879.
1880.
States the past
Firm.
Dull.
Steady.
Liverpool for the same week are given
basis of Uplands, Low Middling clause,
Saturday.
Delivery.
6
.1 ul y-Aug
Aug.-Sept
d.
132
—
June-July.. ..6*932sC8 Sept.-Oet.. ..69i0®'932
Delivery.
Oct.-Nov
Aug.-Sept
d.
6*4
576
L HE 'CHRONICLE.
(From the “ New York Produce Exchange Weekly*”)
Monday.
d.
Deliver}/.
Delivery.
d.
Delivery.
May
62i32®u16 Oct.-Nov
6932®51Q Oct.-Nov
May-June
62i32 Nov.-Dee
6^32
June-July
June-July
62i32 June-July
GD-io July-Aug.
July-Aug
6*4
6iii6 Nov.-Dee
Sept.-Oct
Aug.-Sept.. 6Ui6®2332 May
62i32 Nov.-Dee
6^8
Sept.-Oct
Aug.-Sept
6Hiq
d.
-G9:^
-62132
•62132
Delivery.
May
Gi93o
May-June
61^32
June-July ...6i932®9i6
July-Aug
Gi#32
Aug.-Sept
Sept.-Oct
Aug.-Sept
.G916
•65i6
.61932
.6^32
Delivery.
^..658
e^®!^
May-June
June-July
6^®1932
6 si® 1832
July-Aug
Aug.-Sept.. ..62130®5g
Juue-July
Aug.-Sept
Oct!-Nov
61932
-6732
Oats,
bush.
hush.
36,701
302,755
571
279,802
94,913
6,750
223,538
9,300
16,739
Barley,
82,800
428,713
4,496
49,540
18,086
7,582
13,600
108,432
204,100
15,912
12,250
321
3,600
21,3i5
15,500
300
17
10,640
29,025
Total
110,252 1,262,516 3,826,109
993,819
Same time ’79. 124,134 1,460,878 2,064,364 1,042,844
71,647
66,695
52.070
93,822
3,258
2,222
21.147
Peoria
Duluth
-61932
.6*4
Rye,
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
592,479 14,969 14,457
(60 lbs.)
(56 lbs.)
328.719 2,568.519
5,042
2,500
Total receipts at same ports
for four years:
1880.
Delivery.
Sept.-Oct
69ifl
Oct.-Nov
6932® ^4
Nov.-Dee
6^32
Jan.-Feb
6316
May
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
Com,
bush.
and river ports
23,200
309,249
326,850
77,286 ‘
Nov.-Dee
Thursday.
May
Wheat,
(196 lbs.)
38,811
Chicago
Delivery.
658
6i732
Oct.-Nov
Flour,
At-
Wednesday.
Delivery.
Receipts of flour and grain at Western lake
ending May 22, 1880:
for the week
bbls.
Tuesday.
Delivery.
Deliverv.
Delivery.
May
658®1932 Aug.-Sept
62i32®58 June-July
May-June
6^32 Sept.-Oet— -69iq®i'732 May-June
June-July
6i932 Nov.-Dee
6316®532 July-Aug
Jan.-Feb
July-Aug
658
6316
Aug.-Sept
[VOL. XX A.
from Jan. 1 to May 22, inclusive,
1879.
1878.
1877.
Flour
bbls.
2,229,333
2,569,194
2,381,642
1,699,861
Wheat
Corn
Oats
bush.
17,002,781
52,300,519
10,121,321
2,262,420
834,419
22,485,393
31,211.969
10,032,578
2,138,846
24,680,397
33,030,279
9,590,733
2,606,306
1,211,654
1,647,224
6,845,606
27,339,505
6,525,315
2,139,296
Delivery.
Sept.-Oct
Oct.-Nov
Nov.-Dee
Dec.-Jan
-6732
Barley/.
Rye
6i932
800,544
Friday.
Delivery.
Delivery.
May
--69ig
May-June
69ie
June-July. ..69i6a)1'732
®9ie
69ie
July-Aug
I
Aug.-Sept—61932®9ig 1 Nov.-Dee
® 1932 I June-July
Sept.-Oct
6*2
Oct.-Nov
6~32
Total grain....
Delivery.
6*8
6rt32
631«
t9ie
Oct.-Nov
June-July
There
was
some*- decline
in low
grades of flour early in the
week, leading to a more active demand for export, lines of
common
extras
selling at §4 40@$4 50; and the market has
since been steadier,
partly from sympathy with the improve¬
Supplies are, however, quite liberal this
season, though the drought has dried up many mill streams,
and thus caused the stoppage of mills. To-day there was
much irregularity, the poorer grades selling low.
ment in wheat.
The wheat market has been excited and unsettled by a specu¬
lative “corner” on May contracts, especially in No. 2 red winter.
The
price of this grade
receipts (crop movement) at the
May 22, inclusive, for four years:
1879-80.
bbls.
Wheat
Com
Oats..
Friday, P. M., May 28, 1880.
67,080,440
Total
to
Flour
BREADSTUPPS.
82,571,490
hush.
4,576,208
79,387,211
....
214,689,851
43,650,763
ports from Aug. 1
1878-79.
1877-78.
1876-77.
5,313,750
5,154,036
4,353,553
25,992,590
9.180,592
4,167,997
3,836,407
Total grain
same
78,534,159
71,282,364
96.802,179
24,534,755
10,129,299
Barley
Rye
71,555,539
189,207,702
£
68,166.288
36,238,591
68,119,895
22,022,290
9,085,166
3,624,041
66,289,406
17,571,605
8,204,943
2,658,088
170,997,630
130,962,633
.
Comparative shipments of flour and grain from the
ports from Jan. 1 to May 22, inclusive, for four years:
1880.
Wheat
1879.
1878.
bbls.
2,010,034
2,698,513
bush.
14,823,797
38,498.383
18.328,272
25,606,639
.7,794,661
7,391,396
27,131,470
5,318,860
1,466,309
770,479
1,863,021
1,053,146
1,452,720
63,353,629
54,242,474
Flour
Com
Oats...
Barley..
Rye
Total grain
....
same
1877.
2,363,221
1,693,196
21,933,682
1.293,296
6,163,462
19,862,747
4.955,508
1,665,508
540,227
57,140,028
33,136,018
forced up to $1 45@$1 46. Supplies
Rail shipments from same ports for the last four weeks:
have not come forward as rapidly as was expected, and conse¬
Week
Flour,
Wheat,
Com,
Oats,
Barley,-' Rye,
quently a scarcity is felt. Other grades have advanced but
ending—
bbls.
bush.
bush.
bush.
bush.
bush.
120,572 1,614,696 2.798,761
718,770
51,597 47,280
slightly. Yesterday No. 2 red winter sold at $1 41@$1 42^, May 22
May 15 .....114,349 1,555,424 2,589,490 713,460
67,018 38,447
spot and May, $1 26%@1 27% for June, $1 16 for July and May 8
125,902 1,282,300 2,536.455
656,966
57,214 45,146
126,994 1,297,509 2,256,299
667,611
73,570 66,743
$112 for August. There was also a large business done in No. May 1
1 white at $1 28@$1 29, spot and May, and $1 25/£@$l
25% for Total, 4 w’ks. 487,817 5,749,929
*
2,756,807
249,429 197,616
June. Spring wheats have been more active on the spot,
mainly 4 weeks ’79..517,298 6,850,444 9,969,247 2,254,491 251,869 436,480
at $1 22 for Western No. 2, but without speculation in futures.
10,181,005.
It is said that the growing crop of Western wheat has been in¬
Receipts of flour and grain at seaboard ports for the week
jured by vermin. To-day the market was rather easier.
-Indian com has shown an upward tendency, owing to a
ended May 22:
very
Flour,
Wheat,
Com,
Oats,
Barley, Rye,
large and urgent demand. We are making shipments to ports
At—
bbls.
bush.
bush.
bush.
bush.
hush.
in cotton States. Supplies continue large, but the active New York
81,404
870,630
867,304 272,082 10,900 98,012
Boston
36,854
17,925
209,210 131,175
700
800
demand and the danger to the growing crop from
drought give Portland
2,500
5,600
1,500
sellers the advantage. Yesterday No. 2 mixed sold at 55c. for Montreal
141345
120,102
327,899 30,768
281
940
19,134
Philadelphia....
269.500
771,400 106,400
3,000
May, 50%c. for June and 49/£c. for July. Yellow and white Baltimore
21.211
146,500 45,400
377,250
5,700
237,757 31,930
com continue scarce.
To-day the market opened firmer, but New Orleans...,
was
0
.
*
*
..
..
..
..
..
closed flat.
Rye has been quiet, and prime sold on Wednesday at 94c.
To-day prime Canada sold at 95c. in bond.
Oats have been irregular; mixed were
subject largely to
speculative contracts for May delivery. There were sales of
No. 2 mixed on the spot and for
May at 46c., while for June
they would bring no more than 40c. To-day the market was
unsettled and nominal.
The
following
are
*
FLOUR.
$ bbl. $2 25® 3 25
Winter superfine
4 00® 4 25
Spring superfine
3 50® 4 00
Spring wheat extras.. 4 10® 4 40
•
do XX and XXX...
4 50®
Winter shipp’g extras.
4 60®
do XX and XXX...
5 50®
6 25®
Patents
„
Western
‘-rye mix”...
City shipping extras.
Southern, bakers’ and
family brands
South’n ship’g extras.
Rye flour, superfine..
•
•
Corn meal—
Western, &c
Brandywine, &o
5 40®
4 50®
6 50
5 15
6
8
5
5
75
00
65
50
5 65® 7 00
5 00® 5 40
4 70® 5 00
2 50® 2 85
3 10® 3 15
And from Jan. 1 to
Wheat—
No. 3 spring, $ hu.$l
No. 2 spring
1
Amber winter
1
Red winter, No. 2 1
White
1
No. 1 white
1
Corn —West, mixed
West’n No. 2, new
West, yellow, uew
West, white, new
...
Rye
Oats—Mixed
White
Barley—Canada W.
10
20
28
40
23
32
22
33
42
30
281c®l 29
52
®
55*2
55 ®
5514
56
55
93
42
43
—
State, 4-rowed...
State, 2-rowed...
Peas—Can’da.b.&f.
®1
®1
®1
®1
®1
80
®
®
®
®
®
®
®
®
®
58
57
95
461s
48
95
May 22, inclusive, for four
1830.
Flour
bbls.
3,419,990
Wheat
Com
Oats
bush.
Barley
Rye
closing quotations:
No. 2:
Total week
185,079 1,655,407 2,565.670 619,255
Cor. week ’79.... 197,480 2,410,736 2,799,186 583,298
Total grain
....
1879.
11,881 108,452
9,100 175,264
years:
1878.
1877.
3,991,943
3,390,177
22,370,054
32,310,754
50,640,270
8,133,895
43,169,929
28,056,703
43,656,583
6,573,915
2,186,277
1,563.660
595,838
7,606,766
1,389,367
1,425,450
S3,303,717
85,902.266
2,738,462
*
2,550,793
32,935,3486,153,743
1,134,743
1,797,421
516,661
82,270,899
43,300,806
Exports from United States seaboard ports and from Montreal
ending May 22:
for week
Flour,
Wheat,
bbls.
bush.
Cora,
busli.
Oats,
Rye,
Peas,
bush,
bush.
hush.
1,681,613
25,998
615,415
178,879
2,462
41,665
13,937
93,474
121,197
16,068
267,403
190,315
521,949
243,946
89,53 6
3,655
Total for w’k 108,833
Same time ’79. 127,640
2,189,685
1,545,727
2,382,692
From—
New York
Boston
Portland
Montreal
r
Philadelphia..
Baltimore
57,683
24,514
8,913
1,750,504
78,019
610
200
92,788 41,665
48,056 187,383
91,956
56,059
577
THE CHRONICLE.
May 29, 1880. j
""""
AJ
Importations of Dry Goods.
supply of grain, comprising the stocks in granary
The impoi tations of dry goods at this port for the week ending
the principal. points of accumulation at lake and seaboard May 27, 1880. and for the corresponding weeks of 1879 ana
The visible
at
ports, and in transit by
lake, rail and canal, May 22, was as
follows:
In Store at—
New York
l)o. afloat (est.).
Albany. -
Buttalo
Chicago
Milwaukee
buiui-h
Toledo
Detroit
255,000
3,000
1,110,584
7,062,187
3,097,902
179,821
269,258
Montreal (15)
Philadelphia
Peoria
Indianapolis
Kansas
45.833
9,258
130,054
8,586
8,496
1.083
3.673
20,000
275
8.500
17,806
13,953
402
1,000
79,753
32,067
56L
2,901
76,003
5,158
39,029
144,062
104,500
130,474
115,981
102,983
44
7,408
496.318
661.573
3,360.000
137,000
140,000
| 2,367,000
57,200
1.000
114,898
1,195
Total
«
.
.
-
•
May !,’80
Apr. 24. ’80
May 24, ’79
offerings presented through the auction rooms. Accounts from
the interior indicate that jobbers’ stocks are gradually nearing
the replenishing point, and it is thought by the best authori¬
ties that the coming month will witness a more active demand
from package buyers.
Domestic Cotton Goods.—The exports of cotton goods from
this port during the week ending May 25 were 2,406 packages,
distributed as follows: British possessions in Africa, 1,047;
Great Britain, 494; Argentine Republic, 185; United States of
Colombia, 180; Venezuela, 173; French West Indies, 44; Cisplatine Republic, 43; Mexico, 41; Danish West Indies, 39, &c.
The market for cotton goods was quiet as a rule, but some
large transactions in brown and colored cottons were stimulated
by lower prices. Values were unsettled, with a drooping tend¬
ency, and such leading fabrics as Pepperell fine brown sheet¬
ings, &c., were materially reduced by agents. Print cloths
were somewhat more active, but prices receded to 4@4 1-16c.
for 64x64 spots and 3}£@3%c. for 56x60s. Prints ruled quiet,
but there was a fair movement in lawns, wide printed cottons
and
ginghams.
Domestic Woolen Goods.—There
was a
very
50,746
2,274
33,828
1,416
13,351
2,239
1,931
1,482
181,164
Ent’dforconsumpt.
504,219
2,765
2,601
200,284
851,647
231,455
2,821
3,806 1,116,686
market...
3,413
685,683
5,366 1.051.931
6,627 1,348,141
on
..
ENTERED FOR
38,409
45,400
WAREHOUSE DURING
139
54
53
195
35
58,043
15,075
24,303
42,821
476
:
1,73.)
Total
Eut’d for cousumpt.
1,482
151,977
504,2 L 9
Total at the port...
1,958
656.196
-
SAME
60,998
28,588
54,316
803
2,601
207,529
851,647
782
540
143 j
694
204 1
43,204
2o,423
43,254
281,067
154,978
104,330
158,802
30,036
2,363|
729,222
3,-06 1,116,6866,169 1,845,908
3.4<M 1,059,176
* i
54,968
PERIOD.
L65
91
67
221
259
Imports of L.e <diug
48,659
tides.
following table, compiled from Custom House returns*
shows the foreign imports of leadiug articles at this port since
January 1,18o0, and for the same period in 1879:
The
IT lie quautity is given in paoKages wnen not otherwise
1879.
1880.
China
Eartheuw
Glass
297,995
15,997
Glassware.
Glass plate.
3,067
6,238
Buttons
11.213
Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
18,400
1,016,374
2,946
Drugs, <fco~
Blea. powd.
Cochineal..
Gam bier
.
.
Gum, Arab.
Indigo
1 ,o to
..
25,091
276
54,743
36,374
57,878
17,975
Wines,
28,171
2,335
Chaiup’gue
baskets
Wines
2, 90
l,38o Wool, bales.
16,2 i 3 liffntried tty
423
value.
79,021
68.872
26,109 Corks
670,6141,262'
37,244
26,139
Fancy goods
419,432
Fish
192,336
7.51o
Flax
3,069
1.20
6.206
3,162 Fruits
G tinny
Hair
..
..
4,137
33,866
1,079
India rubber
very
Jewelry. &c-
*
Jey elry ...
Watches
1,470
Linseed
Molasses...
209,672
39,701
.
261
436
.
..
Oranges
Nuts
Raisins
609,730
.
...
1,143,678
....
426.35i
583.231
525 Hides, pndr. 11,914.47
108 258
1,9->3 Rice..
21,74 . Spieet. Ac.—
429
95,379
52^643
Ginger....
306,6 9
1,111 Pepper
1,698
.
Hides,dr’sd
251,.V79|
30,362
Metals, &c—
Cutlery,
—
3,205
2,014
Hardware...
576
192
$
555,459
26,770
325,044
154.911
—
Lemons
l,7u7
90.752
92,452
Hemp, t ales
Hides, &e.—
Bristles
5uo
1 jObi
0,188
cloth
$
Cigars
Furs
>
275,279
57-
823
.
o0,871
33,949
20,950
1,026
7,952
33,323
..
30.882
501,511
6,547,5 71
787,320
373,306
Madder, &c
Opium
3,943
838,695
437.031
Oil, Olive..
Soda, bi-cb.
Soda; sal...
Soda, ash..
•
Tea
18,311 Tobacco.
7,438 Waste...
14,591
10,475
2,345
54,373
3,577
4,557
Bark, Peru.
1879.
4,640
6,228
20,541
.
specified. 1
1880.
Metals, Ac—
Lead, pigs.
30,687
15,44o
spelter, Ins 3,644,008
Steel
97,817
2^2,721
12,903
796,176
Tin, boxes.
Tin slhs.,lbs 15,538.352,23o
142 463
4,o0.» Paper Stock.
12.357 Siuar, hlids,
12.574
29 >,916
tea., & bhls.
930,628 Sugar, boxes
5,595
and bags '.
1.295,1 ! 4
China, &c.—
•
Saltpetre
WoodsCork
Fustic
...
407,962
1,193,437
322,927
345,150
1,467,185
59,028
169.323
75,499
265,343
164,696-
215,046
-
283.718
..
22,581
340,666
Manogany.
102.658
Logwcud
211,308
69,690
338,560
88,512
Exports of Provisions.
the exports of provisions from New York,.
Philadelphia, Montreal, Portland and New
light demand Orleans, for week ending May 22, 1880, and their distribution :
The following are
Boston. Baltimore,
for
clothing woolens at first hands, and other descriptions of
woolen goods remained quiet. Fancy cassimeres and cheviots
were taken in small parcels by clothiers, but selections were
chiefly restricted to low and medium grades. Worsted coatings
ruled quiet, and transactions in overcoatings were mostly con¬
fined to making deliveries on old orders. For Kentucky jeans
and satinets there was a light and irregular demand, but prices
remained steady on the best makes. Flannels and blankets
were lightly dealt in, and the current demand for carpets was
of limited proportions. Dress goods .were quiet, aside from
bantings, for which there was a steady inquiry by both whole¬
sale and retail buyers.
Foreign Dry Goods have shown very little animation in
either first or second hands, though there was a fair inquiry
for small lots of light summer dress fabrics. The auction sea¬
son now
drawing to a close has not been a very successful one,
as few fabrics (with the exception
of silks have been in oversupply with importers.
128
155
82
182
38,347
21,648
Manufactures of—
Wool
Cotton
Silk
Flax
lawns and other
dealt
56,480
41,982
39,127
•
leading makes of cotton goods that have been reduced to com¬
paratively low prices by agents, who are about closing their
semi-annual accounts with the mills, and a fair demand for
the market. Foreign goods were lightly
in, and the close of the season was reflected in the meagre
DUR-
>
152
142
54
178
Total
May 28, 1880.
govern
MARKET
THE
63,708
23,293
Total
week has developed an increased business in some
as
3,806 1,116,686
156
10)
56
198
Silk
Flax
Miscellaneous
THE DRY GOODS TSLADE.
such makes
851,647
501,219
Cotton
5,500
light summer fabrics was stimulated by the
prevailing warm weather; but the general market continued
quiet. Woolen goods have been devoid of animation in first
hands, but there was a fair movement in clothing woolens on
account of former orders, and prices were fairly maintained on
2,601
1,482
Miscellaneous
The past
102,543
751
36,209
Wool
614,086
63 i,787
Friday. P. M..
500
486
Manufactures of—
402,550
480,693
908.854 506.680
22,183,227 12,155,416 2,144,094 1,135,622 448,635
21,494,865 12,747,937 1,909,549 1, -92,978 495,376
13,960,446 9,897,127 1,049,426 873,810 807,793
Total May 22, ’80 19,008,499 13,146,399 2,128,556
May 15, ’80
20,357,948 12,092,164 2,024.787
May 8. ’SO
21,241,555 11,747,740 2,063,791
1,215
300
148.906
7o,626
170,589
281,819
380,392
181,343
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME FERIOD.
•
49,000
$
496
988
6 7
79,239
Miscellaneous
Value.
$
336
113
358
Pkgs.
80,900
231,314
319,901
229
835
61,349
13),380
192,042
175
500
27, 1880.
1880.
Value.
Pkgs.
$
Manufactures of—
Wool
Cotton
Silk
Flax
47,280
51,597
Value.
Pkgs.
75,000
20.400
131,703
33,700
121,094
413.773 ?
181,089 i
2,150,000
2,147,000
5,398
bush.
78,257
57.000
2 900
56.205
1879.
1878.
287,601
9,229
Baltimore
On rail
On lake
On canal
4,286,783
34.000
23,733
394.427
bush.
41.498
30.000
20.700
6.000
225.011
264,032
206,322
120.984
City
105,362
125,000
60.000
80,000
214,656
28,835
262,020
159,767
-
i
bash.
182,329
182.000
22,500
320.815
255,481
174,190
5,475
132,769
Toronto
bush.
bush.
1,005,831
Oswego (est.)
gt. Louis
Boston
Barley,
Corn,
ENTERED FOR CONSUMPTION FOR THE WEEK. ENDING MAY
Rye,
Oats,
Wheat,
1878, have been as follows:
Pork,
Beef,
Lard,
bbis.
bbls.
lbs.
To—
Loudon
Liverpool
Glasgow
oristol
«’ard'ff
W. Hartlepool
685
584
164,260
1,836
1,392
1,896,858
197
38
205
142
395
...
31
Bremen
Hamburg..
Rotterdam..
.
Am werp
1 >antzic
.
185
10
....
>
22 800
85,500
47,597
17n,00o
*
300
261
7
150
'
15
442.000
....
'
Stettin
Havre
•Marscil
French
es
.
183
25
orts.
...
23
Cent. Amrr..
Mexico
^
•
10
25
....
21
....
382,900
162, loO
37.1,500
238,000
780,00
1,272,179
681,20'
278,000
119,658
33,761
203,989
94
40
413
71
1
55
1,770
685
98,248
TOO
507
4,463
Other count’s
1,910
1.421
To)”!
0.238
4,579
So. Aiu.
ports
Cuba
Hu* ti
West indies
litis.i Col..
4.2,092
11,460
32187
Bacon,
lbs.
Cheese,
Tallow,
lbs.
lbs.
23,160
990,700
220,000
8,002,920 2,i *25,005 1,1»7,030
4 74,725
204,600
349,200
78,100
5n,200
172,950
1,791,350
36,180
455,485
221,925
7
3 3,500
27^950
......
•
137,250
3,610,725
35,625
154,375
441,242
152,000
157,125
3,222
1,126
11,756
3o5,142
4,240
31,904
4,130
26,253
8.499.132 18 017.039
228.500
1
<<4,500
4 4-.550
460,000
268,000
3,678
1,072
1,200
13,812
...
7,852
...
1,780
3,852
8,159
2,280
3,600
2,526 -5
.
3
....
139.322
THE CHRONICLE.
578
Financial.
Financial.
The
Brooklyn Trust Co.
Cor. of Montague A Clinton
charter to
registry and transfer books, or make purchase and
sale of Government and other securities.
Religions and charitable institutions, and persons
unaccustomed to the transaction of business, will
And this G
money
CuLLi^Couimei^
Wm. B. Kendall, Henry Sanger, Alex. McCue,
John P. Rolfe,
Chas.B. Marvin. A A. Low,
Thomas Sullivan, Abm. B.Baylis, Henry K. Sheldon
H. E. Pierrepont, Dan’IChauncey, John T. Martin,
Alex. M. White, Josiah O. Low, Ripley Ropes,
Austin Corbin. Edmund W. Corlies.
WM. R. BUNKER, Secretary.
WALCOTT
C.
BROAD
5
Orders executed at the Stock
Special attention given to Defaulted Railroad and
Municipal Securities of Illinois, Kansas, Missouri,
and Nebraska.
Correspondence solicited and full information
given on all classes of bonds and stc cks.
lBoodt|t
& Co#
BANKERS,
58 Broadway, cor.
Exchange Place,
TRANSACT A GENERAL BANKING BUSINESS,
INCLUDING THE PURCHASE AND SALE OF
ST0CK8 AND BONDS FOR CASH OR ON MAR¬
GIN. BUY AND SELL COMMERCIAL PAPER.
P. O. BOX
BANKERS,
CEDAR
C. W. MCLELLAN, Jr.
D. A. BOODY.
STREET.
447.
Reuben Leland.
to a General Banking Business, buy
and sell Government Bonds and Investment Securi¬
Fred. H.
ties
Jas. L. Anthony, Member N. Y. Stock Exchange.
HinetW. Poor.
,
Jas. H. Oliphant. Member N. Y. Mining Exch’ge
OLIPHANT,
ANTHONY, POOR &
BANKERS AND BROKERS,
Street, New York,
Devonshire Street, Boston.
Sell on Commission all Securities
No. 19 Broad
And
83
buy and
Current at the New York Stock Exchange.
Allow Interest on Deposits. Make advances
on
Approved Collateral.
BANKERS AND BROKERS,
New York.
ALSO,
1
Maiden Lane a James St., ALBANY, N. Y.
-^Transact s General Banking Business.
STOCKS and BONDS Bought and Sold on Com.
mission, and carried on
Margins.
Deposits received and Interest
Allowed-
James M. Drake Cf Co.
AND
RAILROAD
Sheldon & Wadsworth,
WAI L
BOKD*
STREET,
DEALERS
AND
BANKERS
AXD
STOCKS:
and
Ad-‘
communicate.
to
Railway Bends and Coupons bought and sold
Market Rates.
WALL
New
F Transact a General
the purchase and sale
cash or on margin.
at best
Geo. A. Mercer.
Wm. F. Owens,
Member N. Y. Stock Exchange.
Mercer,
BANKER#
AND COMMISSION STOCK
BROKERS,
7 Exchange Court and 52 Broadway*
Interest allowed on deposits, to be drawn at will
Also, Contracts made and carried in New York
Cotton and Produce Exchanges. We issue a Daily
Letter which will be sent on application.
Kimball, Howell & Co.,
C. H. Kimball, J. P. Howell,
NEW ST.,
All Securities dealt In at the
Exchange
R. J. Kimball Cf
Co.,
COTTON COMMISSION MERCHANTS,
STREET,
a
period
as
the ENTIRE RESERVE
premiums, excepting in the event of the deatl
occurring within three years after the origin^
The new form of Endowment Policy provides
That if the ENTIRE RESERVE is a greater sum
than the single premium required to carry the full
amount of Insurance to the end of the endowment
term, the excess shall be used as a single premium
to purchase a pure endowment, payable at the end
of the term, thus guaranteeing to the policy-holder
in every event the full value of his Reserve.
NO SURRENDER of the Policy is required; only
a notice from the
policy-holder, on blanks fur¬
nished by the Company.
AFTER THREE YEARS, ALL RESTRICTIONS
and CONDITIONS in regard to travel, residence,
occupation and cause of death are removed, thus
making the Policies, after three years, INC0NANY
TESTABLE
FOR
CAUSE, EXCEPTING
FRAUD.
The Company will, upon application, send Circu¬
larsgiving full particulars.
Office or Middle Department, Boreel Building
No. 117 Broadway, N. Y., Henry W. Baldwin, SupT.
MARINE AND FIRE INSURANCE.
COMMERCIAL
Mutual Insurance
Co.,
Nos. 57 and 59 William Street.
MARINE, FIRE AND
INLAND
NAVIGATION
ASSETS Jan.
$810,804 75
1,1880
All Risks Written at Reasonable Rates.
W. IRVING COMES, President.
WAIN WRIGHT HARD IE,
Vico-Pres’t
KING, Treasurer
membership in V. Y. Stock Exchange
Buy and Sell
on
Commission, for Cash,
HO M E
or on
Margtn% Stocks, Bonds, ana all Investment
Securities, in lots to suit.
Insurance
J. D. Probst & Co.,
STOCK
AND
ROND
BROKERS,
OF
Stocks, Railroad Bonds, Governments, and
Miscellaneous Securities, Bought and Sold
Insurance.
THE
■fi3HES3EEE535S355553BR
OF NEW YORK,
SSUES
F.S .WINSTON, PRESIDEN"
EVERY APPROVED DESCRIPTION 0
.1FEAND ENDOWMENT POLICIE
INTERMS AS FAVORABLE AS THOSE Oi
ANY
OTHER
COMPANY.
ORGANIZED APRIL 12™ 1842.
NEW
OFFICE,
119
Company
YORK,
BROADWAY.
Fifty-Third Semi-animal Statement,
No. 52 EXCHANGE PLACE, NEW YORK.
H. J. Morse.
AND
New York.
FACE, for such
will carry it.
Should the d ath of the insured take place during
the continued term of insurance as provided for
above, the full face of the Policy will be paid—n*
deduction being made for foreborne or unpaif
Exchange CoArtt New York*
12 years
Securities.
BANKERS
PINE
President.
Examine the new form of Policy issued by
United States Life Insurance Company before
surlng elsewhere.
After the premiums for three or more years hav
been paid, upon receiving the required notice from
the assured the Company will continue the Policy
in force without further payments, for its FULL
HENRY D.
Banking Business, including
of STOCKS and BONDS for
Dodge, Potter & Co.,
34
81
872,484 06
LIBERAL AND IMPc RTANT CONCESSIONS IN
LIFE INSURANCE CONTRACTS.
BANKERS and BROKERS
STREET,
Wayland Trask.
-
Margins
P. O. BOX 2,647.
A. M. Kidder.
-
INSURES AGAINST
York.
Buy and Sell Investment
-
-
N. P. Henderson,
But, Sell and Carry on
BANKERS,
18
sell are
and
State, Municipal
Wm. B. Wadsworth.
<jL.cJllL.fCw£W
d6 Co.
No.
10 Years
Investors or Dealers wishing to buy or
invited
4
IN
All classes of negotiable securities bought
sold at the Stock Exchange on Commission.
vaaces made on same.
Wm. C. Sheldon.
*
RISKS.
BUY and SELL RAILROAD STOCKS and BONDS
U. 8. GOVERNMENT, STATE. CITY, and all otker
Negotiable Securities, ON COMMISSION.
Mr. J. M. Drake has been a member of the Nev.
York Stock Exchange since 1852, and will give per¬
sonal attention to all business entrusted to the urn,.
10
SECURITIES
(An intimate knowledge of all for the past
A SPECIALTY.
68 BROADWAY AND 17
St., New York.
Wall
$4,983,226
-
Members N. Y. Stock Exchange,
DREXEL BUILDING,
22
BROKER,
PLACE, NEW YORK.
No. 52 EXCHANGE
BANKERS,
21
Smith,
AND
BANKER
Owens &
Trask & Francis,
70 Broadway A 15 New St.,
The United States
Life Insurance Comp’y,
default.
In addition
•
Cash paid at once for the above Securities; or
they will be sold on commission, at seller’s option.
Assets,
Surplus,
„
Gilman, Son & Co.,
62
SPECIALTY.
A
JAMES BUELT
Transact a General Banking Business, buy and sell
on commission all securities dealt in at the New
York, Philadelphia and Boston Stock Exchanges,
either for cash or on margin.
Special attention
given to Mining Stocks.
Jos. C. Walcott,
Frank F. Dickinson,
Members N. Y. Stock and Mining Exchanges.
Stocks
261—264 Broadway, N. Y.
BANKERS,
42 Broad Street,
No.
STREET.
Insurance
and Mining Exchanges.
CO.,
&
Bailey,
PINK
Dealing
Securities.
Investment
in
7
YORK,
NEW
ST.,
S.
E.
BROKER,
AND
(Drexel Building)
Dealer
owa
Edgar M.
J.
BANKER
„
,
Insurance.
John F. Zebley, Jr.,
sts., Brooklyn, N. Y.
This Company is authorized by special
act as reoeiver, trustee, guardian, executor, or ad¬
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
for
| Vol. XXX.
SHOWING THE
CONDITION OF THE COMPANY ON THE
DAY OF JANUARY, 1880.
FIRST
CASH CAPITAL..
Reserve for Re-insurance
Reserve for Unpaid Losses
Net Surplus
$3,000,000 00
1,841,438 00
Cash Assets
$6,410,988 11
248,764 81
1,320,785 30
SUMMARY OF ASShTS
Held in the United States, available for the PAY¬
MENT of LOSSES by FIRE and for the protec¬
tion of Policy-Holders of FIRE INSURANCE:
Cash in Banks
Bonds and mortgages, being first lien on
real estate (worth *4,171,400)
United States stocks (market value)....
Bank stocks (market value)
State and municipal b’ds (market value)
Loans on stocks, payable on demand
(market value of securities
*543,592).
Interest due on 1st Jauuary, 18fc0
Balance in hands of agents
L ..
GStfttG*
t •••• i ••••• t
Premiums due and uncollected on policies issued at this office
:...
Total
1.866.(353 00
3,184,125 w
200, <02 ou
23/,859 w
418,670 00
54,8/0 oo
154.fit
vi
o,5Q7 qq
.‘...'.$6,410,988 11
President,
WASHBPSN, Secretary.
CHAS. J.
j. H.
1233,299 29
MARTIN,
@FedFRASER