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I,
Mtuncrtfo
AND
3
HUNT'S
y
MERCHANTS’
MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
INTERESTS OF THE UNITED STATES.
VOL. 28.
SATURDAY, MAY 3, 1879.
CONTENTS.
THE
CHRONICLE.
Prospects cf the Money Market.. 437 Imports and
Exports for March,
Rederap ion of Fractional Coins.. 438
1879
411
Paper Money in Canada
438 United States
Treasury Statement 442
The New Kingdom of
439
Bulgaria
Latest Monetary and Commercial
Financial Review of April
440
English News
442
The Debt Statement for
April,
Commercial and Miscellaneous
..
1879
441
News
444
THE
BANKERS’ GAZETTE.
Money Market, U. S. Securities,
! Quotations of Stocks and Bonds.. 449
Railway Stocks, Gold Market,
lew York Local Securities.
450
Foreign Exchange, N. Y. City
and State, City and
Divestments,
Banks, etc
446
Corporation Finances
451
THE COMMERCIAL TIMES.
Commercial Epitome
455
455
Cotton
] Breadstuffs
| Dry Goods
459
460
the old taken iD, and these
held in and out of the
existence.
But the
Sit e Citron id e.
posits.
Some appear to look upon them as the
tempo¬
rary transfer of an equal amount of capital to the
points
holding them, whereas they.are a mere fiction, having
really no existence except in book accounts. A bank
ernment on
day morning,
Financial Chronicle m issued on Satur¬
with the latest news up to midnight of Friday.
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.......
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For a complete set of the Commercial and
Financial
July, 1865. to date—or of Hunt’s Merchants’ Magazine, 1839 loChronicle—
1871, inquire
at the office.
PROSPECTS OF THE MONEY MARKET
large Government balances,
Treasury, be no longer in
inquiry has been suggested whether, with the
scattering of these Treasury deposits now in our banks,
money will not be very close. This
thought arises from
a
misconception of the nature and effect of those de¬
subscribes for
The Commercial
NO. 723.
there is
no
a
million
of bonds
its books with
a
by crediting the Gov¬
million of dollars.
capital created by this transaction,
the loanable funds of the institution
increased
continuance of that credit or decreased
Clearly
nor are
by the
by its loss. The
only possible effect on the market would be
through a
calling in by the Government of these credits (or deposits
as
they are called), before it pays for the old bonds. This
point in the situation
we
have
so
often
presented that it
necessary to enlarge upon it again. Mr. Sherman
has, as we have stated above, shown the public
by his
is not
course
ness to
during
past months that he will
not
allow busi¬
be disturbed
by any such unnecessary locking
of capital, but will let the ref nding act work out its
simple intent, that is, the actual exchange of an oldT
bond for a new one ; and hence there is
nothing which
up
need be feared in that direction.
All this, however,
makes plain the fictitious nature of
these deposits, and
shows that their existence cannot
contribute in any de¬
gree to give ease to the money market,
nor can their eras¬
ure from the books of our
banks, when the
transactions
they
completed, cause higher rates. In fact,
always fill up during the inactive a final settlement with the
Government, and an absence
approaching such a season now, and of these credits or deposit*, would rather tend to lower
consequently the weekly bank returns show a gradually rates than to raise
them, for it would relieve the market,
increasing strength. The prevailing opinion, therefore, taking away that vague
though unnecessary fear of con]
that a period of
prolonged ease can be anticipated is traction, which will to an extent
prevail,
Our money reservoirs
seasons.
We are
based upon substantial and obvious
grounds.
Of course such a belief eliminates the
Government, as
an adverse
influence, which Mr. Sherman’s past manage¬
ment fully justifies.
The transfers of money required in
settlements for 190 million of bonds could
evidently and
greatly disturb the market, and would disturb it even in
so
quiet a month as[July, unless managed with care and
judgment; but the Secretary has already taken us safely
through several periods of no little anxiety, and we may
confidently and reasonably trust to the same guidance
during coming months. Besides, before the autumn
demand for money overtakes us, all the bond
settlements
should have been perfected, the new bonds
put out and
cover are
notwithstanding
the confidence in Mr. Sherman’s
management, so long as
the Government has the
power to call in suddenly and
lock up in the
Sub-Treasury, even for a few
large amounts of capital.
Another undefined influence with
is the course of our
days, such
regard to the future
foreign exchanges and the flow of for¬
eign capital. It is by no means impossible that
during the
summer months we
may, to some extent, ship gold to
Europe. For the ten months ending with May 1, the
specie movement of the country has nearly balanced itself.
That there should be some
change the next five months
it would not be unreasonable to
expect, in view of the
smaller shipments of prodace
daring those months, and
438
THE CHRONICLE.
of the very considerable holdings abroad of called tenforties. In 1877 we exported over 23 millions of
specie
in excess of specie imports, from
•
:
•
-
1
easy money market.
is, however, another consideration which must
command more attention—we refer to the evident
There
.
be
objection to receiving the smallest
(now legal-tender up to 25 cents) at the post
May to August inclu¬ offices up to $3, for they are already„ redeemable as
sive, and the excess of shipments even last year during above stated. The limit of
exchangeability for the
the same months was nearly 3 millions.
On the other fractional silver is placed too low, if regard be had for
hand, however, there is at least for the moment good the convenience of the
Treasury officers, although not
reason for the
opinion that such shipments if made must too low for the convenience of retail traders in the
large
be very limited. Our total
exports still continue largely cities, who may desire to present their accumulations
in excess of our imports, the tables in another column
frequently for redemption, thereby saving brokers’
showing an excess of over 24 millions for March. Be- charges. The increase of
legal-tender limit from $5 to
sides the movement of securities is now toward
Europe, $20 is objectionable because unnecessary ; no good pur¬
and with money barely
per cent in London, and pose can be served by the
change, and all uncalled-for
likely to remain at that figure for the summer at least, changes in the
coinage acts are to be deprecated. Silver
we see no reason
why our 4 per cents, as well as other is not in the least dignified, or
exalted, or appreciated,
undoubted securities, should not continue to tend in or
made more of in any respect, by such
a provision ;
that direction.
yet the notion of the potency and importance of legalThese considerations
evidently confirm the prevailing tender, and of the help which silver may get from it, is
belief of the continuance of
an
•
There
[vol xxvin.
soon
improvement in business and enterprise which is in progress.
How far this revival will be held in abeyance
during the summer months, or what force it will exert in
the autumn on the
money market, it would be presump¬
can
no
coins
such
that there
was
an
animated discussion
over
this
comparatively inconsequential matter. The bill, how¬
ever, ought unquestionably to pass, although it might
be improved.
PAPER MONEY IN CANADA.
The
next
step to making farmers and tradesmen happy
by a tariff which increases all prices is, to make every
purchaser rich and able to pay those prices, by a free
distribution of something which can be called
money.
some improvement in volume of business
and in profits, As Canada, a few weeks since, did
its uimost to attain
and many of them very
great improvement in both par¬ the first object, it is not surprising that this week it
ticulars; but even if they did not admit it, our crowded should be engaged on the second. Government issues of
hotels would prove it. Then,
again, the manufacturing paper promise to become as popular, if not as efficacious,
industries throughout the East are almost
universally as Mrs. Winslow’s soothing syrup. In the House of
prosperous and active, and we are feeling that herec Commons, on Wednesday, a Mr.
Wallace, in support of
But the marked feature of the situation is the vast the
paper-money measure, contended that all money is
“
number of incipient enterprises
being favorably discussed
fiat,” and that hence this term has no special applica¬
by moneyed men. We hear of them everywhere. tion to paper; the fiat of the Government makes
gold
These are but the whisperings of a wide movement which
money, and could do the same with paper, with much
is speedily to develop itself, until
capital finds better more to the same effect.
remuneration than 4 per cent for its use.
The public would be more
ready to accept Mr. Wal¬
tuous to
attempt to state. That greater progress has been
made at this centre, than individuals
generally believe, is
certain. There is scarcely a merchant but will admit
,
REDEMPTION OF FRACTIONAL COINS.
In his last annual report,
Secretary Sherman alluded
the accumulation of fractional coins in some
places
and their scarcity in others, and recommended that
per¬
mission be given to redeem them in United States notes
at the Philadelphia Mint, in sums of $100 or
any multi¬
A bill has passed the House of Representatives
which provides that fractional coins
may be exchanged
at any Assistant
Treasury, for lawful money, in sums of
$20 or multiples; that the copper and nickel coins shall be
receivable at post offices for
postage and postage stamps
to the amount of $3, and that fractional silver shall be
legal tender up to $20 for all debts, public or private.
Subsidiary silver, at least in large cities, has become
very troublesome. Purchasers in retail stores decline to
take it in change except in small
amounts, while retail
dealers have practically no such
option; it accordingly
accumulates in the hands of traders,
particularly of those
whose sales are mostly in small sums, and as the banks
will not receive it, there is no alternative but to work it
off at a discount through brokers. This tax
upon trade
ought to be removed, and the bill proposes to supply
what may have been an unintentional omission in the
laws, which already provide for redemption of the coins
ple.
of base metal in
sums
made to
of $20.
Government is
simply
perform the service, now falling to brokers, of
carrying coins from those who have an excess to those
who have not
enough.
lace’s doctrine if there had not been so
many prophets
of that sort before who have failed to obtain
perman¬
ent honor and influence.
It is admitted that to
money enough is a high material
has that, has much that he desires;
get
good, because whoso
money is what we all
for, long for, hope for. Government can make
money, ex nihilo by a fiat, if it chooses; then Government
must be very stupid if it fails to
supply its own wants
and
thus,
very mean if it refuses to bless its people with
all they want.
But, somehow, governments have not
succeeded in making this invention work.
The most
oppressive of them have been greatly troubled by
chronic impecuniosity, and have been
oppressive because
they could not otherwise raise money enough to make
the rulers happy.
It is a fact, also, if Mr. Wallace
please, that paper money has been tried over and over
by governments. Kingdoms have tried it, republics,
colonies which were trying to become
republics, states,
and every form of human
government, have tried fiat
money in some shape, and if the experiment has ever
been successful then history has made no account of it.
There is some inherent defect in the scheme; it is a
perpetual-motion machine for producing prosperity and
happiness, but unfortunately it will not work.
Let us apply the test to Mr. Wallace’s
system. Has
there ever been a time, from 1862 to 1878,
when he
would have given as much for a $10 note of the United
States as for one of its yellow eagles, both bearing the
work
fiat?
ever
Would he take
made
as
readily
now
the best counterfeit $10 note
as one
printed
on
the Government
Mat
THE
3, 1879 ]
CHRONICLE
439
? On the other hand, between two pieces con¬ and. raised another bulwark between her great rival and
taining 258 grains of gold, identical in stamp ter of a compromise, which has more than once seemed
and every particular, but one actually struck in the on the point of falling to pieces, but which, we have all
Philadelphia mint and the other in the cellar of some along maintained, must and would be carried through*
unknown person, would he have any choice ? The fact not because it was intrinsically good, but because no
of material identity being admitted, what value would other course was possible in the circumstances and under
the Government stamp confer which the other piece the present relations of the great powers.
Simultane¬
had not? Is there any doubt that, if immunity from ously with this formal establishment of the Bulgarian
disturbance were guaranteed, enterprising citizens wouhl kingdom, arrangements have been made for the final
begin to ^toduce literal fac-similes of the Government withdrawal of the Russian troops from the territory of
press
fiat
as
it exists
now on
$10 notes ?
On the other hand,
assuming the same immunity, would anybody com¬
fabricating fac-similes of the eagle stamp, on
pieces containing 258 grains of actual gold ? If not,
because to do the latter would not pay, why wouldn’t
it ? The stamp being the value, of course the material
used is immaterial, and paper, leather, brick, or the
mence
handiest and
well
most
abundant substance
known, would
gold, would it not ? And the fac simile
gold eagle, printed with a Government press on a
round bit of paper, would be in all respects as good as
the eagle, would it not ?
serve as
of
as
a
Mr. Wallace would do well to sit down with his col¬
Eastern Roumelia.
army
The last remnant of the Russian
of occupation of this latter territory will, it is
understood, leave for home not later than the third
August in the present year. It can hardly be said
now
of
that the
Bulgarian-Roumelian difficulty is ended; but it
is not unreasonable to conclude that the new kingdom
and the new king will have enough to do with themselves
for some time to come, and that Roumelia, left to her¬
self, and freed from the influence of outside agitation,
will, under her new condition, and under the guidance
of a Christian governor, settle quietly down under the
authority of the Sultan.
All lovers of liberty and true progress must wish well
to
the infant kingdom.
Bulgaria is not exactly a
new State in the European community of nations.
The
name carries us back to the days of the
Roman Empire;
and time has been when the Bulgarian monarch was
even mightier than
the Byzantine Emperors. To what
race the Bulgarians belong it
is not easy to say. Differ¬
ence of
opinion prevails both among historians and
ethnologists. The best sustained opinion is that they
belong to the great Sclavonic family, and that they are
kinsmen of the present Russians, as well as of the Bos¬
nians, Servians, Croatians, Wallachians, Bohemians, and
league, Mr. Sharlton—whose head is clear—and read a
little history and reason about this matter. Evidently
he makes three very serious mistakes in the brief
report of his remarks we have seen,
First, it is
not true that all (or any) money is “fiat,” and that
goll is made money only by the government stamp.
The stamp merely declares what the thing is; it does
not put an atom of value in the thing.
The stamp is
simply a certificate by the most responsible party, the
government, that here is a certain quantity of a certain
material; if the stamp asserts a falsehood—as it would
if imprinted on a piece of paper—it counts for nothing. Poles. As far back as the times of Justinian we find
Secondly—It is not true that the prosperity of this them threatening Constantinop]e; and one of the greatest
country is due to irredeemable paper. Our prosperity victories of Belisarius was the defeat of the “ Balgars,’’
is the result of many conditions, and has not been so as they were then called, under the walls of the “ New
great in proportion to our capital during the last ten years Rome.” The kingdom flourished for four hundred
as it was during the
previous ten years. Furthermore, from 640 to 1017. At the close of that period the Gfisek
if paper caused our prosperity, then we have committed Emperor, Basil II., swept over the prosperous kingdom
a
piece of folly by getting rid of it, and Europe has at the head of a mighty army; and not only was the Bul¬
indorsed the folly by giving us a higher standing as a garian ruler of that day defeated, but Tirnova and Ochborrower. If Canada undertakes to imitate our pros¬ rida, then the capital, two of the richest cities of the East,
perity by copying our financial errors, she will certainly were despoi’ed of all their wealth. For over a thousand
have to pay the penalty, without obtaining the pros¬ years the name of Bulgaria was practically unknown in
perity.
Europe. Towards the close of the twelfth century, the
Thirdly—The United States have not issued any fiat Bulgars having formed an alliance with the Dacians, a
money at all.
Such a currency is something which new kingdom arose in which the Bulgarian element pre¬
either formally proclaims itself to be absolute money, dominated. This Daco-Bulgarian kingdom, which was
or else
(even if in the form of promises to pay) has no in its prime in the days of the Fourth Crusade, when
reasonable prospect of being redeemed.
The former C.ilo John was king, survived with varying fortune
has never been known in this country; our paper until the close of the fourteenth century, when it shared
promises have not involved us in the usual consequences, the common fate of Eastern Europe, and came under
because their increase was long ago stopped, their the domination of the Turks. After the lapse of five
redeemability was always assured, and has now been hundred years, during which, in spite of the presence*
effected. In other countries, as successive increase of and power of the Turk, the people have remained solidly
issues and decline in their prospect of ultimate redemp¬ and loyally Christian, the old and twice extinguished;
tion have made them more and more purely fiat, they State has reappeared; and it enters upon its new careerhave slid down the scale of value until they ended by with the world’s sympathy, and with a fair prospect of
success.
being worth the material of which they were made.
The new arrangement, although not perhaps perfectly
THE NEW KINGDOM OF BULGARIA.
satisfactory to all concerned, must be regarded as, on the
One of the principal features of the foreign news whole, a decided improvement on the old condition of
the last week has been the election to the throne of the things. Russia has reason to feel proud that she has
new kingdom of Bulgaria of Prince Battenberg, a scion
been instrumental in emancipating and securing inde¬
of the Electoral House of Hesse Darmstadt.
It is the pendence for an ancient, spirited, and deserving people*
first really distinctive fruit of'the Berlin treaty—a treaty Great Britain has reason to be sat^fied, because while
^ hicb in its very essence partook largely of the charac- she has contributed to the cause of freedom and right,
440
the
THE
Mediterranean, she has
saved the
CHRONICLE
of
Sultan, and propped up for a time, at least, what
remains of Turkey in
Europe. Austria, also, has reason
to be well satisfied;
for, while she has gained in terri¬
tory, she is less immediately at the mercy of Russia, the
one power in
Europe which she has cause to dread.
amour
BANK
propre
the
MOVEMENTS AND THE MONEY MARKET.
The Bank movement showed a decided
gain in the
reserves, as the total surplus April 5 was
only $1,900,375 and
April 26, $12,324,050. The money market relaxed
greatly,
and the exchanges of the
large amounts of five-twenty bonds
were made without
any disturbance.
KBW YORK CITY
boundary question,
again be at rest. Bulgaria
Loans and discounts
If her ambition has beem
is, perhaps, as well for her
own future.
With a population of over three
millions,
and in possession of some of the
very best land in
Europe, not to speak of the commercial advantages
so vast an
extent
Specie
Circulation
Net deposits
Legal tenders
Surplus resorve
noted for the most important
single transaction ever known in the history of our Government
finances. The subscription at one time for so
large
25 p.c
Range ot ciiTfoans
4(^7
G<$7
18,903,900
19,090,tOO
195,303,700
30,145,400
6,223,375
April
6s, 1881.
10170 102
1
104%
102
101 7b
105
101 3o 101 3* 105
1 01 U 1 01 1±! 1 05
10110
101*0
10...
10170
State bonds
Railroad bonds
Exchange, compared with
follows:
March.
$9,151,050 $6,224,550
1,659,276
1,269,000
April.
*
4,855,150 $15,940,850
25,132,300
22,609,200
1,536,000
19.613,800
1,034,800
40,415,250
1,874
1,992
1,348
1,244
Bank stocks.. .shares
RR.& miseel.stks “
6,338,282
4,716,495
3,934,634
101*8
to 1879, inclusive:
1. 1877
1879.
1879.
TO
1878.
1877.
New York City Banks—
Loans and discounts
$ 231,096,900 229,936,400
255,733,800
Specie
$
18,228,100
30,051,900
Circulation
$ 19,707,600 19,998,300 20,534,500
15,996,100
Net deposits
$ 204,514,200 199,074,000 222,901,200
Legal tenders
$
45,224,500 36,435,300
48,865,000
Surplus reserve (over 25 p.c.)$ 12,324,050
16,718,700 13,674,200
Money, Gold, Exchange—
Calf loans
3
3
Prime paper
Gold
Silver in London, per oz
Prime sterling bills, 60 days.
•United States Bonds—
5-20
-5)3*2
3
.
4
@4
100
50*8
86*4-4 87
bonds, 1867, coupon
6s, currency
10-40s, coupon
4*2S, 1891, coupon
4s of 1907, coupon
124*4
iO670
JRailroad Stocks—
New York Central & Hud. Riv.
Erie
Lake Shore & Mich. Southern.
Michigan Central
Chicago Rock Island & Pacific
Illinois Central
Chicago & Northwestern,
Chicago Milw. & St. Paul,
com.
com.
Delaware Lack. & Western
Central of New Jersey
Merchandise—
...
•Cotton, Middl’g Uplands.$ tb.
@5
5
@5*2
10030
53%
4 86*1-4 87
1047«
-
104*2
11770
26*0
72*4
7870
130*4
8570
58*2
41*0
5134
106
12*0
6134
68*0
104%
76
51%
49*2
5170
17
113
9330
7*4
5078
41*2
9078
55*1
2034
44*2
4830
9*0
1170
ion™
1078
Wool, American XX
$ lb.
28 @33
34@42
35 @48
Iron, Amer. pig, No. 1.-.$ ton. 18 50@19 00 18
00®
18
50
19
00@20 00
Wheat, No. 2 spring.. .$} hush. 1 01 @ 1
03 1 22@ 1 25 1 90 @ 2 00
Corn, Western mixed..$ hush.
42 @
44
48
@
54
66 @
mr»«<a
71
33 hUl'
1 0 1 f>@ 10 25
9 G5@
cur¬
coup. rency
*99
99
121*2
99*e
99*4
9934
9934
9934 122
9934
9934
Holid ay.
105*0
99%
105*0
99% 121*2
9934
10530 105*4 100
104% 10550
100
105
106*4 106*4 1OO50
101*4
105
1OO70 123*2
s.
......
105
106%
101*0 123*2
10470 10670
101*0
10()78 10634 10130 123*2
106*2
101*2 123*2
10134 1237s
10134
s.
10630
V
106*2
124*2
10678
101% 124*2
10170 102
10170 102
104% 10470 10478 *99
105*0 106 34 106 34 101%
101 *« 101 Li 104*2
10450 10478 99
10130 101*4 10470 10650 106% 101%
Clos. 106*2 10630
121*2
124*2
121*2
124*2
Ex coupon.
CLOSING PRICES OF CONSOLS AND U. S.
SECURITIES AT LONDON IN APRIL.
Apr
1..
2..
3..
4..
5..
6..
4*2S
Cons’l money. 10-4 s.
for
97316
975x6
973l6
979x6
97^16
53 of
4s of
of
1881. 1891. 1907.
104*4
104*2
104*2
104%
104%
12.. 971516
13
14..
15.. 97*5x6
16.. 98
;
17.. 981x6
18.. 98*0
19.. 98*16
*
Apr.
8.
Ho liday
10334
103*2
103*2
103*2
103*4
3*
v
25
2G
27..
..
102*4
102*4
102*4
1023yt
..
2
a
4*2S
5s of
4s of
of
1881. 1891. 1907.
1O670
10678
*0550
10578
S.
103*2 1057s 1095s 103*2
103 *4 1057e 10950 103%
103*2 10578 109% 104*4
1035g 105 *2] 10934 104*4
9815ie 1035s! 1053b 10934 10430
98^
10370 10530 109% 104*2
8.
28.. 98l3ie 103 7e 10530 10950 10450
29.
30.
103*2 f106% 107% 10230
..
Sfcf’ °
10678 107*2 10130 20..
10678 10750 101*2 21.. 99*0
10678 10750 101*2 22
99T16
107
107*2 101*2 23
99l16
107*0 10750 102
24.. 98H16
8.
7.. 9715 J 6 104
10730 107%
8.. 97i°i6 104
10730 10750
9.. 97*5x6 104
107*0 1075b
10.. 98
1033410G78 10756
11..
Goo d Fri day..
98iii6 1037b 10530 1095q 10450
98916 103% 105 *d 109% 10430
Opn 97316 104*4
Hgli 99716 10434
Low 97316 103*4
108*0 102*2 Clos 98916 103%
108
102 34
1O830TO250 S’ce
lO850llO27e
106*0 109
1103*0
Jan. 1
H.. 99716
L.. 95*0
10678 107*2 10130
1073s] 109% 10450
*05*4 107*2, 10130
*05*2 109% 10430
111
109% 109% 10450
103*4.105*4 106*2 101
Ex coupon.
125*0
.
103*0
100*2
10538
«r
6s
4s,
113
119*0
1057e
@4
3*2® 5
10678
53%-@ 54
4 87*4-4 88
10678
1017s
43
2
1 05
S.
Open 10670 10630
High 106% 10634
Low. 105 70 1O570
*
lO470'lO470
10434
day—
30... 106*2
4,470,099
following summary shows the condition of the New York
Clearing House banks, the premium on gold, rate of
foreign
exchange, and prices of leading securities and articles of mer¬
chandise, on or about the first of May in each year, from
1877
4®5
APRIL, 1879.
10478 105*0
106*4 10670
10670
28...
29...
The
STATISTICAL SUMMARY ON OR ABOUT MAY
@5
<«5^
104% 1O470
101*2 10170 105*0
s.
106*2 10670
10670
February.
3
5
5s,
10-40s.
4*2S, 1891.
1881,
Reg. Coup 1867. 1868. Reg. Coup coup. Reg. *Coup
1... 106-%
2... 106*2 10670
by the final
long bond
only been made possible by the course pursued by the 21...
Government in keeping faith with its
22
creditors, paying gold 23”!
according
to the spirit
of its promise, by putting
..
.
4
2
a stop to infla¬
..
.
5
2
tion either
of silver
or
paper money—is a
truth so clear to the
...6
2
fair-minded observer as to require no
27...
argument.
January.
4@7
C©7
=.
terminated,
U.S. Go'Vemm’t bonds
40,072,100
9,483,950
5-20s coup.
Goo d Fri
were as
200,255,000
18,228,100
19,707,000
204,514,200
45,224,500
12,324,050
3®5
amounted to $40,415,250, against $19,613,800 in
11...
12... 105 70 105 70
13...
cial
progress.
The
eventful and disastrous
..
.
4
1
106
106
course entered upon
.
.
51
with the
first loans
issued in 1861, is
to a great 16... 106^8 106*4
..
1
extent,.7
106*70
settlement of the Government
debt in a
...81
106 74
at 4 per cent interest. That this remarkable
19...
106 34
opera¬
20...
tion has
previous months,
18,875,000
19,721,200
INVESTMENT SECURITIES.
an amount
$190,000,000 of Government bonds—and
carrying only
surpassed anything that
previously been
negotiation
markets,
buoyancy imparted to all
classes of stocks and bonds, the
operation was important as a
turning point, a milestone on the road of the country’s finan¬
April 20.
All classes of investment securities became
active after the
subscriptions to the whole balance of the 4 per cent bonds, and
railroad bonds met with
large sales both on speculative and
investment account. The total sales of
railroad bonds at the
this too for bonds
...3
106*2 106*2
.
4
106*2 106*2
4.
per cent interest—was
a transaction which far
ft...
106 74
had
6...
witnessed in the
7...
10670
of United States loans.
Aside from the direct
8...
influence upon the
9...
106*0
the
and
106*4
The total transactions at the Stock
April 19.
CLOSING TRICES OF GOVERNMENT
SECURITIES IN
was
as
10,005,500
193,121,700
31,815,800
1,900,375
Rate of prime paper
FINANCIAL REVIEW OF APRIL.
The month under review
April 12.
$235,aid,GOO $230,442,900 $231,151,300 $231,090,900
18,305.000
over
Danube, it w ill be the fault
Bulgarian people themselves, if they do not
revive the glory of their ancient
name, as well as much
Stock Exchange
of their ancient
prosperity.
March.
of the
BANK STATEMENTS IN APRIL.
April 5.
fair prospect.
somewhat held in check, it
a
which must result from her control of
of the Southern banks of the
surplus
on
With the settlement of the Greek
the East of Europe will
herself has
[Vol. xxviii
9 85 16 00@16 10
RAILROAD AND MISCELLANEOUS STOCKS.
The stock market was firm, as a
rule, after the
the early part of the month had
spicuous stocks were
depression of
passed away. The most con¬
the Southwestern “ fancies”—stocks which
had been looked upon as
possessing little or no value, and these
sharply. All other movements in the market
however, were insignificant as compared with the combination
among Mr. Jay Gould and his associates, by which the Wabash
advanced very
R.R., the Kansas Pacific, Union Pacific and St. Louis Kansas
City & Northern were brought under one control. The stocks
of all these companies advanced
heavily, except Union Pacifie,
and in that it appeared to be the
policy of the pool not to favor
an
advance.
The
following table will show
the lowest, highest, and clo3
-
May 3,
THE
1579.]
CHRONICLE.
441
ing prices of railway and miscellaneous stocks at the New York
Stock Exchange during the months of March and April:
Interest-bearing debt.
RANGE OF STOCKS IN MARCH AND APRIL.
Marcli.
Feb.23. Low. High. Mar.31.
Albany <fc Snsq’hanna *80
80
82
82
Bos. & N. Y. Air-L. pf
Bail. Ceil. Rap. & No.
*29 At
29 At
33
33
Canada Southern
55 a>
53%
02
03*2
Central of N. Jersey.
38k}
35
39%
38%
dies. «fc Ohio, 1st pf
5
5
Chicago
Alton
x78
75
80
80
do
pref. x...... 108
110
Chic. Burl. & Quincy, xl 10
1123s 115At 114-4
Chic. Mil. & St. Paul.
38As
35%
41^
41-%
do
pref.
82At
79%'
83 78 x80%
Chic. & Northwest...
504}
514}
60%
60%
>
do
pref.
Chic. & Rock Island.
Clev. Col. Cin. & Ind.
87%
x3378
131-4
Clev. *fe Pittsb., guar.
Col. Chic. &1nd.Cent.
Del. Lack. &West’rn.
43
40
x92
90
92
*5%
5
Dubuque & Sioux C..
584}
57
Erie
254}
234
do pref
444}
4243
Hannibal & St. Jo....
154}
144}
do
pref.
43 78
42
Harlem
*150
xl524}
do
pref..
154
Illinois Central......
82At
79At
Kansas Pacific
17
17At
Keokuk &Des Moines
7 At
do
pref.
21
Lake Shore
714
687s
Louisville & Nashv..
41
424
.
155
82
2242
8
23
153
82
82At
80At
204}
60
741
*22 At
7 At
864
9%
Mo. Kans. & Texas..
778
74
Morris & Essex
84
81%
N. Jersey Southern..
24
134
N. Y. Cent. & Hud. R. 117
xll2
New York Elevated
140
N. Y. N. H. & Hartf’rd *1594 1594
Ohio & Mississippi...
114
94
do
pref.
334
284
Panama
*133
130
135
Pittsb.Ft.IV.&C.guar.
1064 *x0334
do
special
Renssel’r& Saratoga.
St. L. Alton &T. H..
do
pref.
St. L. Iron Mt. & So..
do
assented
St. L. Kans. C. & No.
do
pref.
St. L. & S. Francisco
do
pref
do
1st pref
Union Pacific
United New Jersey..
Wabash
Warren
106
xl0334
100
94
tlO%
74
22
434
11
x6834
135
1734
*80
*404
384
Gold & Stock
*65
Western Union
Express.
1064x1024
Adams.!
.
Pennsylvania Coal...
Mariposa Land & M.
pref.
Ontario Silver Min’g.
Quicksilver Mining..
do
Standard Cons.
Gas.
pref.
1604*160
154
144
34
132
39 34
38
140
xl30
108
*107%
9634 *92
10134 *101
10
8
21
t20
234
204
234
204
1044
96%
144
74
1534
29%
64
4278
484
39%
x354
*75
784
108 xl064
107
50
49
100
105
1064
474
48
98%
27%
27%
*135
134
t44
t5
404 x394
12
11
*33
344
1064
*474
50
49
8
714
136
17%
80
48
33
80
*80
60
58
33
*80
103
374
824
76
103
Citizens’....
1004
35
x32%
137
108
80
*24
*24
x40
*124
*344
Prices bid.
x85
48
47
99
1084*108
494
494
49%
48
1004 100
304
33
x324
2%
8
*64
*(>%■
3
39
12
404
16
*40
*14
344
254
38
35%
*37
29 78
74
*25
384
12
784
24
42
14
84
404
134
478
t Prices asked.
*34
96
28
40
12%
81
4
32%
46%
15
1324
45%’
134'
854
44
44
J Ex-privilege.
important fluctuations in exchange, and the
pretty steadily for sterling bills.
were
J.
M.
J.
J.
Loan, 1881 July 14, ’70
1891 July 14, ’70
1907 July 14, ’70 19,-7
Q.—F.
Q—M.
Q.-J.
..
...
-
60 days.
...
....
...
4*86
4-86
...
...
...
4*86%@4-87
4-86 @4*86%
4*86 @4*86%
4-86 ©4'86%
Good
4-86
...
...
4-83%@4-89
©4-8812
2)4-8812
©4-8812
4*88
4-88
4-88
Friday
@4*86% 4*88
©4’8Si2
s
...
...
4*88%@4*89
4-8912 2)4-89
4*88%^ 4-89
8..
...
...
Demand.
@4*8 6% 4*88%@4-89
@4-87
4-88%@4-89%
4*86%©4’87
4*86%©4-87
4*86%©4-87
...
...
4*86
'2)4*8610 4-88
4-88
4-88
4-86%@4‘87
4*86%a>4-87
©4-88io
@4-88%
©4-88i2
April.
17
18
19
20
21
22
23
24
25
26
27
28
29
...
...
...
60 days.
Coupons of $30 and $100 bonds
1 he sizes
or
following ia the official
S..
...
...
...
...
...
...
...
4-88
4-88
4-88
51.115,100
143,054,7u0
53,723,200
14,911,60(1
253,301,950
165.76'',950
331,2 9,200
945,000
57,817/00
18,884,900
49,777,100
74.033,750
20,612,800
250,132.400
81,2.9,050
219,104,500
14,000/0)
are
$1,968/62,800
paid annually in March.
on
WlilcU Interest Has Ceased Since
Maturity.
There is
a total amount of over-due debt
yet outstanding, which has never
presented forpayment, of $o7,123,110 principal and $!,203,64t interest. Of
this amount, $66,701,500 is on the “called” five-twenties and
consols.
been
Debt Bearing no Interest.
Character of Issue.
Authorizing Acts.
Old demand notes......
Legal-tender notes
Certificates of deposit..
Fractional currency....
Gold certificates
July 17, 184; Feb. 12. 1862
Feb. 25, 1862; July 11,1862: Mar. 3,1863
Silver certificates
•fune 8, 1872.,.
Amount.
$61,615
3>6,681,016
31,635,000
-
July 17, 1862; Mar. 3, 1862; June 30, 183*
March 3, 1863
*
Febrnaiy 23, 1878
15,913,009
15,772,600
..
1,977,020
Aggregate of debt bearing no interest
Unclaimed Pacific RR. intere-t
$412,040,260
8/47
...
Recapitulation.
Amount
Outstanding.
Interest-bearing Debt—
Bonds at 6 per cent
701.532,150
250,000,000
553,36 ,700
Refniid;ng Certificates at 4 per cent
Navy pension fund at 3 per cent
Total
Debt on
Interest.
$44f>,962,7CO
Bonds at 5 per cent
Bonds at 4,4 per cent
Bonds at 4 per cent
3.104,25
14,0 0,0)
interest-bearing debt
Int. has ceased since Maturity.
Debt bearing no Interest—
Old demand and legal tender notes
Certificates of deposit.
?
Fractional currency
Gold and silver certificates
which
1,968,962.600
67,129,110
$23,942,915
1,203,641
$346,742,631
3',635.00.
15,913,00/
17,749,620
Total debt bearing no interest
Unclaimed Pacific RR. interest
$ 112,0 D,260
8,647
Total
Total debt,
$2,448,432,170.
$21,155,204
principal and interest, to date, including interest due
presented for payment
$2,475,587,374
Total cash in Treasury
not
448,467,156
Debt, less cash in the Treasury, May 1, 1879
Debt, less cash in the Treasury, April 1, 1879
.
$2,027,120,217
2,027.100,265
.•
$19,952
8,666,612
...
Current Liabilities—
Interest due and unpaid.. ..
Debt on wh ch int-Test has ceased
Interest thereon
Gold and silver certificates
United States notes held for redemption of certificates «»f
deposit
United Sra»es notes held for red mp*ion of fractional
currency...
Called bonds not matur-d for wh ch4p c. bonds have been issued.
Cash balance available May 1, 1879
4-86 ©4-86i2
4-86i4©4-87
4-86%@4*87
4-86i4©4-87
4-86i4©4-87
4-86i4©4-87
4-87%@4-88i2
4-87%@4*88%
4-87%@4-88i2
4-87%@4-88i2
4-87%@4-88%
4-86i4©4-87
4-86i4©4-87
4-86%@4-87
4-87%@4-88%
4-87%@4-88i2
4-87%@4*88
$5,166,998
67,424,110
1,213,641
17,749,620
31.635/ 00
8,446,339
171,319, 00
145,517,348
$448,467,156
Available Assets—
Ca h in the Treasiry
448
467,156
Companies, Interest
Payable in Lawful Money.
©4-88i2
@4-88i2
©4*88%
Character of Issue.
t
Amount
Outstand’g.
%
Central Pacific
'
Kansas Pacific
Union Pacific
Central Branch, Union Pacific..
Western Pacific
Sioux City and Pacific
Interest
paid by
lntei est
United St’s
repiid by
tr’nsp’t’n.
Balance of
Int. paid
by U. S.
$25,885,120 $16,463,572 $2,561,349 $13/02,223
6,303,000
4,427,523
1,767,3 0
2,660,212
27,236,512
17,603,992
6,21c,005
11,393/96
1,600,000
3,970,560
1,628,320
1,117,808
1,136,'97
1,024,651
73,142
9,367
86,258
1,014.665
1,126,830
938,392
.
...
...
r- 4-86
j Range
©4-87
statement
4-87%@4*S9%
APRIL, 1879.
of the
Total
4*87 34 @4*88 %
public debt
as
appears from the books and Treasurer’s returns at the close of
business on the last day of April, 1879:
331,474/,50
4,367,000
denominations of each issue of bonds
Demand.
4-86i4@4-87
4-86i4©4-87
4*86%@4-87
THE DEBT STATEMENT FOR
The
c
d
d
d
d
d
d
$....
1,171,915,050 $779,943,500
3,101,250
Bonds Issued to the Pacific Railroad
1.
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
'
no
bankers’ sterling exchange for
APRIL, 1879.
April.
b
Aggregate of interest bearing debt...
*
Coupon.
$260,000
14,048,000
a
.
Increase of debt during the past month
Decrease of debt since June 30,1873
96
EXCHANGE.
There
do.
do.
3, ’65
March 3, ’65
& J.
& J.
& J.
& J.
& J.
& S.*
& J.
& J.
J.
4’s, ref’ng certificates Feb.
’19
3s, navy pens’n f’d.’ob July 23, ’63
80
•.
*274
40%
134
1054
*133
404
12%
36
....
market held
4^s,
4s,
March
Registered.
i»
154
42-4
114
94
134
104
284
2434
76%
724
138
*1394
34%
334
174
*47
994
Min’g
New York
Various.
Canton
Del, & Hudson Canal
Pacific Mail.
Pullman Palace Car..
Sutro Tunnel Co
*
198
84
34
634
84
184
494
J.
J.
J.
Outstanding.
s
..
American
United States
Wells Fargo
Coal and Mining.
Homestake Mining..
do
44
x35
684
195
150
15
Telegraph
American District...
Atlantic & Pacific....
5s, 10 40’s
6s, 5-20s of 1867
8s, 5-20s of 1868
2*o
1594
104
144
83
March 3, ’63
March 3, ’64
144
8034
1174
99
74% x7278
135
*1344
2178
204
July&A.,’6l
79
24
1174
*14
6s of 1881
6s of 1881.:
Debt
724
564
89
3
194
83-
72%
5934
804
174
114
7%
94
35
„
%
11334
*99
354
4
1374
il35
154
8%
7%
31
*354
124
37
164
14
84
*151
*160
86
59
13
*35
84
34
10
10
144
15%
xll434
1014
34
......
124
June 14, ’58
Feb.
8, ’61
March 2, ’6!
6s, Oregon War
5s, Funded
41%
81%
58%
1442
94
84
278
160
124
37
22At
704
474
784
714
4878
49
88%
11
84 34
117
170
114
224
724
824
115
5s of 1858
Gs of 1881
Bonds
6
are as follows: (a)
Coupon,
$1,000; registered $5,0)0. (b) coupon $1,000; registered $1,000, $5,000, $10,000.
(c) $50, $100 and $500. (d) coupon, $50. $100, $500 and $1,000;
registered, same
and also $5,00;) and $10,000.
4478
4078 !
On the above issues of bonds there is a total of
$5,166 903 of interest over-dne
160
*158
and not yet called for. The total current accrued
interest to date is $20,775,916.
154
r
884
54
24%
45
14
38
444
77
*108
83%
63%’
923s
893s
1324} 130%
48%
44%
97-4
96
9
734
543s
514
57
*53
27%
264
4978
484}
214
18
5
xl53
109
43%
4778
40 At
1534
16
80
4<-%
91*4
254
43^
*4%
4*2
130At
*57
35
59
4578
112ks
3934
79%
57%
87%
434}
89
41^
6232
75
109
914}
*5
484
45 At
90
48
35
577b
38%
4*2
1ST4
1880
1 81
1881
1881
1904
1887
1883
1881
1891
Act.
s
High. Apr.30.
82
40
xl30
5%
50
5742
2578
4642
444s
Low.
x88%
133
44
50
Michigan Central....
89
.
128
April.
/
Railroads.
When Pay ble
Interest
Periods.
Auth’rizing
Character of Issue.
$64,623,512 $41,773/45 10,707,514 $31,066,220
The Pacific Railroad bonds
are all issued under the acts of
July 1. 1862, and
registered bonds in the denominations of $1,00 ), $5,000
f 10,000; bear 6 per cent interest in currency, payable January 1 and
July 1,
July 2, 1864; they
and
and mature 30
are
years
from their date.
IMPORTS AND EXPORTS FOR
The
MARCH, 1879.
following statement, by customs dictricts, shows the
imported into and exported from the
United States during the month of March, 1879:
values of merchandise
Exports.
Imports.
Customs Districts.
Foreign.
Domestic.
$1,015,230
Baltimore, Md..‘.
Boston, Mass
Brazos, Texas
Buffalo Creek, N. Y
Cape Vincent, N. Y
Champlain, N. Y
Charleston, S. C
Corpus Christi, Texas
Detroit, Mich.
Cal vest on, Texas
Huron, Mich
Key West, Fla
Minnesota, Minn
Mobile, Ala
New Bedford, Mass
New Orleans, La
3,931,753
140,230
20,157
0,457
117,300
50,153
189,831
8,784
97,580
1,000
31,908
,
82,014
9,899
25,902
118,007
17,492
8,043
2,984
948,304
3,275
750,773
28,801,943
8,592
11,924,778
27,979,860
Oswegatchie, N. Y
1,765
56,841
218,972
494
3,570,030
3,485,831
1,074
77,782
281,575
42,274
8,771
Passamaquoddy, Me
Pensacola, Fla
Philadelphia, Pa
Portland, etc., Me
Puget’s Sound, Wyoming Ter....
Richmond, Va
Saluria, Texas
San Francisco, Cal
Savannah, Ga
Vermont, Vt
48,950
777,783
1,218,297
50,727
49,083
10,973
44,917
4,216
(Tex.)& New Mexico
572
480
170,004
2,713
219
102
129,332
87,100
2,143,097
12,972
2,097,833
5,698
287,857
14,448
126,300
Wilmington, N. C
All other districts
Treasurer’s transfer checks outstanding
Treasurer’s general account—
$4,229,023 23
Special fund for redemption of frac¬
tional currency
Interest due and unpaid
Called bonds and interest
Coin certificates
$8,446,338 00
11,522,503
68,032,751
17,749,620
331,830,872
14
95
00
90
438,182,085 99
35
73,090
11,879
|Vol. XXVIII.
Balance, including bullion fund
70,259
63,350
Va
51,594
1,427,135
2,250,902
398,843
09,718
43,423
Niagara, N. Y
Paso del Norte
$4,309,800
$0,821
4,030,569
124,990
New York, N. Y
Norfolk,
CHRONICLE.
THE
442
3,707
42,783
2,243,070
108,498
145,900
641,726
181
$518,924,225 06
ASSETS, MAY 1.
Gold coin and bullion
Standard silver dollars
$134,520,140 48
Silver coin
Silver bullion
Gold certificates:
Silver certificates
United States notes
U. S. notes (special fund for
23,094,503
6,021,940
0,949,040
62,140
1,779,340
00
39
43
00
00
61/998,485 16
.•
redemption of fractional
currency)
National bank notes
National bank gold notes
Fractional currency
.
Deposits held by national bank depositaries
Deposits held by U. S. designated depositaries—.—
Nickel and minor coin
New York and San Francisco exchange
One and two-year notes, &c
Redeemed certificates of deposit, June 8, 1872
Quarterly interest checks and coin coupons paid
550 50
1,140,000 00
343,813 84
519,117 50
Registered and unclaimed interest paid
U. S. bonds and interest
Interest on District of Columbia bonds
Pacific Railroad interest paid
1,018,973 02
080 75
30 00
Speaker’s certificates
Deficits, unavailable funds
131,952 50
090,848 30
$41,917,256 $05,098,924 $1,017,295
Comparative statement of the imports and exports of the
United States for the month ending March 31, 1879, and for
the nine and twelve months ending the same, compared with
like data for the corresponding periods of the year
immediately
preceding.
r
$518,924,225 06
pXtftxjelartjf Commercial ^uglislx Hews
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
[Corrected to April 25,1870.]
EXCHANGE AT LONDON—
Abril 18.
MERCHANDISE.
For the
month of
March.
Exports and Imports.
For the
nine For the
12
months end-1 months end¬
ed March 31) ed March 31
1870.—Exports—Domestic
Foreign
$65,008,024 $540,121,381 $707,173,300
1,017,205|
0,450,844;
13,030,144
$00,110,210 $558,572,225 $720,200,450
41,017,250j 320,440,036) 430,378,328
imports $24,198,963 $229,131,589 $283,831,122
Total
Imports
Excess of exports over
Excess of imports over exports
1878.—Exxiorts—Domestic
$70,410,103 $522,057,343 $651,006,311
13,454,100
1,316,385| 10,571,108
$71,720,578 $533,228,541 $005,420,501
Foreign
Total
Imports
37,037,871 j 330,113,840
Excess of exports over
Ext •ess of
imports
405,020,008
imports $34,088,707 $203,114,701 $100,400,803
over
exports
GOLD AND SILVER
1879.- -Exports—Domestic
(COIN AND BULLION).
Total
Imports
5,220,840
7,707,504
$2,004,844
$15,820,181
$20,493,274
15,988,120
25,990,197
1,184,004
$1,810,240
1878.—Exports—Domestic
Foreign
$2,233,080
....
Imports
Total
$.
4,191,570
10,003,725
$23,072,992
$47,748,879
2,187,687
19,813,243
23,838,307
$704,980
$3,259,749
$23,910,512
$07,499,721 $559,720,722 '$725,959,116
14,671,684!
1,011,342
20,743,048
a c* o
or* 4
ko-
Excess of exports over
Excess of imports over exports
1878.—Exports—Domestic
Foreign
Total
Imports
Excess of exports
Excess of imports
over
over
....
$72,044,179 $541,538,759 $689,651,46.5
1,975,072
14,702,774
23,517,915
$74,019,251 $550,301,533 $713,109,380
39,825,558 349,927,083 489,708,004
imports $34,793,093 $200,374,450 $223,401,315
exports;
UNITED STATES TREASURY STATEMENT.
The following statement from the office of the
Treasurer for
May 1 was issued this week. It is based upon the actual
returns from Assistant
Treasurers, depositaries and superintend¬
offices :
ents of mints and
assay
LIABILITIES, MAY 1.
Fund for
18
redemption of certificates
of
deposit, June 8,
$32,045,000 00
Undistributed assets of failed national banks
Five per cent fund for
redemption of national bank
notes
Fund for redemption of national bank
gold notes
•
Currency and minor-coin redemption account
Interest account
Interest account, Facitic Railroads and
Co
Treasurer U. S., agent for paying interest
Antwerp....
Paris
Paris
L.’
on
Time.
Rate.
April 17 Short.
12.00
12.3*2© 12.4
25.42 *2®25.47 *2 April 17 Short.
Short. 25.1834®25.2834 April 17 Cheq’s.
25.26
Short.
3
Hamburg
mos.
<<
...
Berlin
Frankfort...
12.1
& P. Canal
D, C. bonds.
@12.2
mos.
H
3
a
iC
25.42*2®25.47*2
20.59
20.59
20.59
@20.04
@20.04
@20.04
<)07 228 90
13 059,897 95
1,720 00
3,749 45 1
108,012 75 j
4,830 00
40,322 55
25.20*3
i
| April
17 Short.
| April 1
April 1
227b@23
April 1
Vienna
11.92*2® 11.97*2 April 17
u
Madrid
4734@/473b
I
a
Cadiz
47*4@473h
a
Genoa
27.92 *2®27*97*2: April 17
a
Naples
27.92*2®27*97 *2i April 17
a
Milan
27.92*2®27*97*2 April 17
Lisbon
90 days
515s® 517g
Alexandria
April 15
New York...
April 17
Is.
00
Bombay
7*ic,d.
days
April 17
Calcutta
Is. 7i16d.
April 17
Hong Kong
April 17
Shanghai....
April 17
St.Petersb’rg
u
20.44
20.44
20.44
3mos.
a
....
23*4
117*30
3
mos.
27.50
27.50
27.50
3 mos.
00 days
0 mos
U
....
....
....
$497,117
$09,111,003
$574,398,400
$740,702,704
A
mi
oik
Q(*n
43,101,800
345,428,762 402,374,525
imports $20,009,203 $228,909,044'$284,328,239
Imports
.
.
.
TOTAL MERCHANDISE AND SPECIE.
1879.—Exports—Domestic
Foreign
Amsterdam
Amsterdam
Latest
Date.
Rate.
97*8
4.87
ls.7L2d.-lB.79i6d
ls.7*2d.-ls.79i(}d
3s. 74d.
5s. Od.
| From our own correspondent.]
London, Saturday, April 19, 1879.
$18,881,410 $37,685,154
$2,892,073
Excess of exports over imports
Excess of imports over exports
Time.
101,945
058,087
Total
$18,785,810
504,047
Excess of exports over imports:
Excess of imports over exports'
On—
EXCHANGE ON LONDON.
.
$2,400,707 $10,005,341
....
Foreign
...
00
54
00
11
69
64
1,502,527 21
-816,500 00
8,446,338
7,035,700
126,495
131,062
260,700,430
33,549
It
was
well known that the
as soon as
the dividends
uted, and there has
on
supply of money would increase
public funds had been distrib¬
the
thij week been
a
much larger supply of
unemployed capital in the market. The rates of discount have
been very easy at about 1% per cent for three months’ bills,
but the holders of choice paper are reluctant to pay even that
low price for accommodation, and hence lower quotations are
expected next week. Nothing has, in fact, transpired to change
the belief in a somewhat protracted period of cheap money, as
trade and enterprise are as dull and restricted as at any period
during the last twelve months. The greatest caution is observed
in every department, and there is an almost complete absence
of speculation.
In fact, speculators find that there is no
encouragement to speculate either in merchandise or in bonds,
and consequently both trade and Stock Exchange business are
conducted on very proper and legitimate bases. At the same
time, we are not only importing less, but we are paying
comparatively small sums for imported produce, the decrease
in the value of our imports during the first three months of the
year being officially estimated at £11,000,000, compared with
1878. There is also a falling off of £3,000,000 in the value of
our exports of British manufactures, so that the reduction in
the value of our imports and exports for three months is £14,000,000, or at the rate of £56,000,000 per annum. It is thus
evident that much less capital is necessary to conduct our trade,
and not only is this the case, but securities of nearly all kinds
are low in price, only those of acknowledged soundness being
quoted at high quotations. This is, in fact, a feature which
confirms the belief that much distrust still prevails. Consols
have been quoted at 98/£ to 98*>6 to-day, and the value of
Colonial Government securities, India Government stock, India
May
THE CHRONICLE.
3, 1870.]
railway debentures, British preference and debenture railway
stocks, and United States Government and railway securities
has been rising. Investors and trustees evidently consider it
judicious to leave as little as possible to chance, and to be content with a low rate of interest. This, however, is a condition
of things by no means satisfactory. Only the
very rich can be
content with 3 per cent interest per annum for their
capital
and have the principal shrink at the end, for consols at 98 and
upwards are likely to have a fall when more confidence existsThere are certainly no indications of any immediate
change in
the present state of affairs, and hence very low rates of
discount are expected to prevail throughout the summer
months. Our imports will cost us still less, as
they will be as
usual on a diminished scale during the three months previous
to harvest, and there is not much danger of the
public being
enticed into foreign loans or speculative enterprise of
any kind
The rates of discount have not varied to any
important extent
during the week, but the tendency has been towards lower
quotations. The rates current are as follows:
Per cent.
Bank rate
Open-market rates—
Open-market rates—
30 and GO days’ bills
14©
14®
3 months’bills
Per cent.
4 months’ bank bills
G months’ bank bills
138©134
4 & G months’ trade bills. 2
©2*2
2
..
The rates of interest allowed by the joint-stock banks and
discount houses for deposits are as follows:
Per cent.
Joint-stock banks
Discount houses-at call
do
1
1
with 7 and 14
days’ notice of withdrawal
14
Annexed is a 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, of No. 4# mule twist, fair second quality
and the Bankers’
three
Clearing House Return, compared with the
previous years:
1879.
£
Circulation, including
bank post
1878.
£
1877.
' £
1876.
28,373,888
7,241,867
16,556,488
21,151,689
22,359,140
9,846,189
28,744,433
6,457,402
15,329,901
19,490,216
23,190,134
12,779,964
27,759,867
4,963,300
14,545,365
17,688,330
22,680,907
13,391,740
22,925,444
26,194,994
25,848,310
49*41
32*93
42*63
47*91
2 p. c.
3 p. c.
2 p. c.
9 5 is
3 p. c.
95
45s. Id.
6%!.
H4d.
bills
29,691,032
Public deposits
6,545,999
Other securities
22,334,573
Govemm’t securities. 14,906,801
Other deposits
31,824,554
Res’vo of notes & coin 19,091,514
Coin and bullion in
both departments.. 33,516,239
Proportion of
£
reserve
to liabilities
Bank rate
Consols
98
Eng. wheat, av. price.
Mid. Upland cotton...
95
51s. 5d.
41s. Od.
64d.
No. 40 mule twist
52s. 4d.
515ie<L
9d.
G^d.
104d.
9%!.
Clearing-House return 64,680,000 109,487,000 112,727,000
There has been
scarcely
any
79,836,000
demand for gold for export, and
considerable supplies have been sent into the Bank; but,
owing
to the holidays, a good deal of additional coin has been in circu¬
443
money as it was previously easy.
The depression in the
market for Russian bonds this week has been
due to
partly
the
attempt which has been made upon the Czar’s life, and by
reports of threatened disturbances. It is well known that
society in Russia is much agitated, and that the people are
greatly dissatisfied with the existing state of things. The Rus¬
sian people may well expostulate with their rulers,
when they
perceive that the newly-created Bulgaria is to have a Legisla¬
tive Assembly while their own Government makes no
sign in
the same direction. The Russian
people will also feel for
a long time to come how
heavy has been the burden entailed
upon them by the late war ; thejbenefits they have derived—
though great—are less obvious. At present, they know too well
that many valuable lives have been sacrificed, and that there
has been a vast outlay, which must cripple the finances of the
Government. This means that heavier taxes will be imposed
upon them ; so that, in spite of victory and of some accession
of territory, each individual must appropriate more to the Gov¬
ernment and have less for himself than a few
years ago. If
the Russians have no confidence in themselves, it Is not
likely
that foreign countries will have, and hence the
delay which
arises in negotiating the long-talked-of and necessary
loan.
Russia requires a large sum to meet the heavy requirements of
the administration; but no firm or syndicate has yet ventured
to take the matter up. It is certainly not pleasant to a
country
like Russia to have to borrow ten per cent less favorably
than in 1873, but is there any reason why the value of their
bonds should improve?
The Members for Birmingham addressed their constituents on
Wednesday, being at a later period than usual, owing to the
indifferent health, arising partly from domestic affliction, of
the senior member, Mr. Bright. In one of my letters, written
early in the year, I briefly expressed the opinion that it would
be a blessing if a semi-barbarous country like Afghanistan
were absorbed by civilized communities, and that
many future
complications would be avoided if Russia and England agreed
upon a frontier, mutually satisfactory, in Asia.
We should
certainly be able to respect each other’s power, and this would
be a guarantee for peace. Mr. Bright alluded to this subject
in the following words :
Well, now, as to giving up India. No, I will not propose to
give up India ; all I propose is, that we should try to make the
best of it and not the worst of it, and give up the childish terror
under which we have been laboring. We have heard of a
neutral zone or belt of neutral territory between India and
Russia in Asia. I remember some years ago having a conversa¬
tion on this subject, I am not sure whether it was with Lord
Clarendon
or Lord Granville, and the Duke of
Argyll as well,
they spoke to me about this neutral zone which they were
lation, and the quantity of gold held by the Bank has not, endeavoring to establish with Russia. My opinion was asked
therefore, materially changed.
The silver market has been about it. I said, “ it is a very good thing under the circumstan¬
very quiet, and the quotation has fallen about %d. per ounce. ces, if nothing better can be done ; but,” I said, “ it will be a
great deal better for Russia and England when there is no
The value of Mexican dollars has also had a downward
tendency. neutral zone and when these two empires are conterminous.”
The following prices for bullion are taken from Messrs. Now, did you
ever hear of a neutral zone between the United
States and Canada?
No.
But although when the United
Pixley and Abell’s circular :
GOLD.
Bar gold,
fine
Bar gold, refinable
Spanish doubloons
?
South American doubloons
United States gold coin
German
s.
d.
77 9 ©
77 10i2©
73 9
©
73 8ie®
76 34®
76 3q®
per oz. standard.
per oz. standard.
per oz.
per oz.
per oz.
per oz.
gold coin
SILVER.
Bar silver,
Bar silver,
fine
contaiu’g 5
Mexican dollars
Chilian dollars
grs.
per oz.
oz.
gold.per
Quicksilver, £0
The
following
are
cipal foreign markets
Paris
Brussels
Amsterdam
Berlin
Hamburg
...
...
..
...
...
...
Frankfort
Leipzig
Genoa^
Geneva
...
...
Bank
rate.
Pr. et.
3
3
34
3
3
3
3
4
3*2
2s.
6d.
R,
d.
49%
©
©
©
©
the current rates of discount
at the
prin¬
:
Open
Bank
market.
Pr. et.
2
4® 2 4
2^8© 2^8
3 4® 3 4
2
©2*8
l7rt©218
2 4
24
34®4
34
rate.
Pr. et.
Vienna & Trieste
St.
Petersburg
Madrid,. Cadiz
Barcelona
44
..
....
Lisbon & Oporto
New York
Calcutta
Copen liageu
Open
market.
Pr.ct.
3 4 ©4
6
4 45
6
5
6
5
6
©7
©6
©7
4
©44
9
4
©44
For many years, Russian stocks have been a
very popular
investment both in this country and on the Continent, and
although the Russian Government borrowed largely in 1870,
1871, 1872 and in 1873, viz., about £68,000,000 nominal, it exper¬
ienced no difficulty in placing a4^ per cent for
in
£22,716,920
The previous loan
raised in 1873 was in a 5 per cent stock at 93, so that the credit
of the Russian Government in 1875 stood
high. The 1873
loan is now, however, nearly ten
per cent under the issue
price, and the Russian Government find it as difficult to borrow
1875 at the
high price of 92
per
£100 stock.
or a stream, or a fence, that one
that I shall see opposite me next
of these young gentle¬
week, I dare say, could
leap over on his hunter without the least difficulty—if there
was only a barrier like that between Russia in Asia and Britain
in Asia, there would be no difficulty in preserving peace between
Russia and the United Kingdom. Surely two civilized nations
can remain at peace.
They remain at peace all over Europe.
They remain at peace in North America. They can remain at
peace in Asia.
Russia is far, I would say, more accessible to us
if we were disposed than we know India is to her.
Then, Rus¬
sia has as great an interest in being absolutely at peace on the
borders of our Indian Empire as we have in being at peace on
the borders of her Asiatic dominions; and if this were once
brought about, the difficulty does not rest at St. Petersburg—it
rests in this country, and it rests in India.
In the wheat trade, there has been no important feature.
Supplies are adequate to our requirements, and millers pur¬
chase sparingly at about late prices. The weather has been
favorable for agricultural work, but the winds are cold, and
vegetation is in a very backward state. The coldness of the
winter has been unparalleled, and we have now had nearly five
months of a low temperture. The death rate in the country has
been much above the average, but although we expect a gen¬
ial spring, we are still only looking forward to it.
During the week ended April 12 the sales of home-grown
wheat in the 150 principal markets of England and Wales,
amounted to 52,939 quarters, against 36,319 quarters, and it.
men
50
peroz.,
do
484
per oz., none here
Discount, 3 per cent.
States entered into the late war with millions of men in arms,
she did not touch upon Canada. Did you ever hear of a neu¬
tral zone between France and Italy, or Spain and Portugal ? No.
But why do these countries remain at peace ? Because they
have no interest in going to war. If there was only a mountain
ridge,
d.
standard, nearest.
do
standard,
but
1
444
THE CHRONICLE
computed that in the whole kingdom they were 211,750
quarters, against 145,250 quarters in 1878. Since harvest the
sales in the 150 principal markets have
been 1,757,741 quarters,
against 1,381,588 quarters ; while in the whole
kingdom it is
computed that they have been 7,031,000
quarters, against
5,534,500 quarters in the corresponding
period of last season.
[Vol. XXVIII]
s
Without
FOREIGN IMPORTS AT NEW YORK
FOR TI1E WEEK.
243—Str.
1876.
Dry Goods
1877.
.
$1,183,974
General mdse...
3,908,635
Total week
Prev. reported..
1878.
$1,111,815
6,132,219
$5,092,609
$1,783,385'
5,183,353
$7,244,061
106,633,078
1879.
$1,148,496
5,637,716
$6,331,849
103,028,041
$7,473,101
90,653,114
95,365,350
Tot. s’ce Jan.
1..$111,725,687 $1(0,272,103 $96,984,963
reckoning the supplies furnished ex-granary at the
$102,838,451
The
commencement of each season, it is
following is a statement of the exports (exclusive of
computed that the following
specie) from the port of New York to
quantities of wheat and flour have been placed
foreign ports for the
upon the British week ending April 29:
markets since harvest:
1878-9
1877-8.
1876-7.
30,498,680
5,592,136
1875-6.
23,200,710
3,865,195
35,206,889
4,263,155
30,467,500
23,982,500
26,558,500
25,821,000
65,468,361
60,073,316
53,624,405
65,291,044
18,72 L
1,243,841
664,601
211,292
65,449,640
64,829,475
52,959,004
65,079,752
40s. 4d.
52s. 8d.
49s. 6d.
45s. 6d.
Imports of wheat.cwt.29,684,805
5,316,056
Imports of flour
Sales
of
produce
home-grown
Total
■
Deduct
exports
wheat and flour
of
Result
Av’ge price of English
wheat for the
The
season.
following figures show
IMPORTS.
1878-9.
Wheat
cwt.29,684,805
7,443,989
6,571,218
Bailey
Oats
Peas
Beans
Indian
1877-8.
1876-7.
36,498,680
23,200,710
9,563,762
6,305,861
9,165,737
6,912,579
1,118,861
2,276,643
971,713
770,311
corn
19,327,939
5,316,056
Flour
1875-0.
-
3",206,889
0,038,031
5,849,140
988,306
819,929
3,056,654
20,213,555
19,295,913
5,592,136
2,319,206
14,580,040
4,203,155
3,865,195
EXPORTS.
1878-9.
Wheat
cwt.
1,145,272
Barley
Oats
Peas
Beans
Indian
Flour
1877-8.
1,203,312
90,346
59,023
12,122
7,025
290.861
91,249
corn
English Market
1876-7.
1875-6.
638,919
33,542
37,620
23,264
15,862
14,836
140,815
40,529
195,785
19,297
193,707
28,006
6,292
77,501
19,953
18,973
307,847
25,682
31,515
15,507
Reports—Per Cable.
The
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 Sto:k Market.—The
bullion in the Bank
of England has decreased
£75,000 during the week.
Sat.
Apr.26.
Silver, per oz
Consols for money
Consols for account
U.
U.
U.
U.
8.
S.
8.
S.
Erie,
d.
50
Mon.
98
985r
10-4Os
1037s
5s of 1881
105^8
4L>s of 1891..:.... 10934
4s of 1907
104L>
common stock
Illinois Central
Wed.
50
50
50
9$1316
9811m
98 V>
98 7b
98H16
1037b
1053a
98&i«
103%
1054
1093a
1015a
267b
89%
384
154
109%
1043a
265a
834
33%
154
I037a
1053s
109 5*
1045a
27^
88%
Pennsylvania
Tues.
T1 nil's.
Fri.
1. Mav 2.
50
504
Apr.28. Apr.29. Apr.30. Mav
274
885a
3734
1534
989,«
;
98H]e
1037a
X
106
0
W
-
'
d.
6
5
6
0
9 3
8 11
9 3
s.
Flour (ex. State) $ bbl. .23
Wheat,spr’g,No.2,1001b. 8
Spring, No. 3...
“
7
Winter, West.,n.
“
9
Southern,
new
.
Av. Cal. white..
California club.
“
“
“
Corn,mix,sft,old,#cont’l
Prime,
new
“
4
7*e
4
4 Lj
Liverpool Provisions
23
6
8 5
7 6
9 0
9
3
8 11
9
3
4 74
4
4*2
Market.—
Sat.
s.
d.
Pork,West.mess..$bbl.47
0
Bacon, 1’ngcTr,new.cwt.26
Short clear, new. “ 27
Beef, pr. mess, uew,$tc.75
Lard, prime West. $ewt.32
Cheese, Am. choice. “ 40
0
0
0
0
0
Mon.
s.
d.
47 0
26 0
26 6
75 0
32 0
40 0
Tues.
d.
6
5
6
9.
47
Wed.
d.
0
26
26
75
32
0
0
40
0
d.
0
0
9.
47
26
26
75
32
40
0
6
6
0
0
0
26
26
75
32
40
London Petroleum Mark t.—
Petroleum, ref
$ gal.
Petroleum, spirits “
Tliurs.
9.
d.
47 0
0
6
0
0
0
Sat.
Mon.
Tues.
d.
Wed.
d.
d.
...Tv...
Tlmrs.
d.
d.
8U
...
@
.
...
"a)...
8©84
.
.
.
a)
.
.
.
..
.'or...
714@3
75
32
40
..
.'a
Hamilton
..Bremen
London
Imports
and
Exports
Eng. gold coin.
gold coin.
Mex. silv. bars.
Am. silv. bars.
.Mex. silv. dols.
Am. silv. bull'll
Am. silv. dols..
Mex. silv. dols.
($217,791 silver, and $6,085 gold)...
$223,876
Previously reported ($6,157,313 silver, and $221,712
gold).. 6,379,025
Tot. since Jan. 1, '79
Same time in—
1878....
($6,375,101 silver,
and $227,797 gold)..$6,602,901
Same time inSame time in1874
$11,230,486 1870
$8,689,287
1873
18,527,757 1869
$7,063,105
1877
1876
1875
4.853.632
16,033,447
23,183,975
The imports of
been as follows:
1872
10,763,548
25,143,056
1871
10,914,451
22,821,938
9,384,281
1868
1867
specie at this port for the
periods have
same
April.
21—Scbr. A. D. Merritt.. .Baracoa
21—Str. City of Merida...Vera Cruz
22—Str. Canima
22—Str. Hermann
D. Andrews
Am. silver
$2,100
Am. silver
Am. gold
..
29,050
1,063
6,513
2,836
2,000
1,296
6,500
32,274
1,416
Foreign gold...
Hamilton
Rio Janeiro
Foreign gold...
Am.
...
silver
Port-au-Prince .....Foreign silver.
Wasbingt’n.Havana
Foreign gold...
Santo
C. of
Domingo..San Domingo
Acapulco
Aspinwall
....
Total for the week ($68,460
silver, and
Previously reported ($2,873,095 silver,
Tot. since Jan. 1, ’79
.
......Am. silver
Am. silver
Am. gold
Silver bars
128
324
$17,040 gold)
and $500,683 gold)
$85,500
3,373,778
..
($2,941,555 silver, and $517,723 gold). .$3,459,278
Same time in—
1878
$10,412,378
1877
6,270,074
1,552,308
5,593,610
Same time in1874
Same time in-
$1,234,079
1873.....
1870
1869
1868
1867
1,593,530
638,519
1872
1871
$6,340,509
8,463,145
2,817,142
892,614
2,994,481
Export* of Provisions,
To—
Liverpool
London
Pork,
Beef,
hbls.
bills.
.1,208
1,620
787
348
214
191
50
296
100
157
1
224
301
15
248
100
3
Glasgow
Bristol
Hull
British
Ports
Hamburg
Antwerp
....
Italy
66
31
Oth ’rcouutr’s
Total week
Previous w’k
..
Lard,
lbs.
‘
’
52
140
3,143
400
165
6,904
7,196
Bacon,
lbs.
2,031,352
64,000
5.0C 0
800,000
7,000
7,154,214
729,075
2,562.150
367,050
236,575
3,073,630
672,000
246,575
3,186,750
450,025
91,675
49,300
56.500
440
171,200
67
711
120
397,813
2
550
600,716
8,500
Tallow,
lbs.
704,456
88,200
195,120
210,480
97,375
430,650
......
Cheese,
lbs.
2,326,315
492,260
*
Br. N. A. Col.
00,900
1,800
921,109
237,700
3 70,500
14,480
3,000
’
*6,01»0
160,006
23,800
2,375
28.500
13,444
182,135
685
873
5,237
44,695
3,876
938,6*66
24,392
145
3,906 10,947,431 15,639,351 1,323,903 2,430,581
2,594 7,953,033 16,962,139 1,000,4u5
2,681,344
...
a>..
.
cujs.
Week.—The imports of last
wTeek, compared with those of the
preceding week, show
an
increase in both dry goods and
general merchandise.
The total imports were $7,473,101,
against $(3,749,043 the pre¬
ceding week and $5,505,050 two weeks previous. The
exports
for the week ended
April 29 amounted to $6,956,903, against
$5,505,487 last week and $6,167,126 the previous week.
The
following are the imports at NewYork for the week
ending
(for dry goods) April 24 and for the week
ending
(for
general
merchandise) April 25:
for the
52,500
10,000
4,885
1,200
1,679
80,000
16,262
20,800
2,000
10,000
Am.
St. John, P. R
IT. S. Legal Tenders
Commercial aucXIltXtsccUaucous
$24,550
Total for the week
Cont’l ports..
S. AC. America
West Indies..
Fri.
d.
...
Hamburg
..
d.
0
9
0
0
0
0
9.
Mex. silv. dols.
26—Str. Bermuda
Bremen
Rotterdam
Havre
Marseilles....
Fri.
47
25
26
96,480,289
Am. silv. bars.
Am. silv. bars.
Liverpool
9.
Tues.
Havana
London
26—Str. Germanic
Wed.
Tlmrs.
Fri.
d.
9.
d.
9.
d.
23
23
6
23 6
23 6
8
8
5
8 5
8
5
7
7 6
7 6
7 6
9 0
9 0
9 0
9 0
9 3
9 3
9 3
9
4
8 11
8 11
8 11
8 11
9
3
9 3
9 3
1)
3
4 74
4 74
4 74
4 74
4 44
4 44
4 44
4 44
9.
81,774,138
$6,956,903
The following are the exports of
provisions from New
Boston, Baltimore, Philadelphia, Montreal, Portland, and York,
New
Orleans, for the week ending Apr. 26, 1879, and their distribution:
16
’
Mon.
s.
d.
MorroCnstle
Herder
24—Str. Canima
26—Str. Main
1875
Liverpool Breadstuffft Market.—
74,465,047
1879.
$5,945,499
107,557,456
$79,047,595 $86,366,005 $113,502,955
$103,437,192
The following will show the
of specie from the port
exports
of New York for the week
ending April 26, 1879, and also a
comparison of the total since January 1,
1879, with the
corresponding totals for several previous years:
1044
884
38%
1878.
$1,591,867
Tot. s’ce Jan. 1..
1876
28
1877.
$1,582,548
Prev. reported..
110
Philadelphia* Reading. 15^2
Liverpool Cotton Market.—See special report on cotton.
Sat.
2653—WSt.r
1876.
For the week....
April.
the imports and exports of cereal
produce into and from the United Kingdom since
harvest,
viz.,
from the 1st of
September to the close of last week, compared
with the
corresponding period in the three previous years :
EXPORTS FROM NEW YORK FOR THE
WEEK.
and
National Bank Notes.—From the
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the* currency movements and Treasury
balances for three months past:
77, S. Bonds held as security
'
for National Banks.—
Feb. 28.
Bonds for circulation deposited..$21,690,700
Bonds for circulation withdrawn. 19,939,500
Total held for circulation
350,690,400
Bonds held as security for deposit s 13,922,000
Legal-Tender Notes.—
Deposited, in Treasury under act
of June 20. 1874
Total now on deposit,
liquidating banks
710,700
including
Total entered under act of Jan. 14,
*LS75
Total amount of greenbacks out-
standing
Meb. 31.
.
•
April 30.
$12,281,250 $12,030,4o0
11,775,250
10,982,300
351,196,400 352.250,550
14,052,400 14,252,400
1,118,400
663,190
_
12,312,812
12,800,698
13,3oG,239
35,318,984
35,318,984
35,318,984
nol
.
M
346,681,010 346,681,016 340,681,01c
May 3
THE
1879.J
National Bank Circulation—
New circulation issued
Circulation retired....
Total
notes
Feb. 28.
Meh. 31.
2.078,190
2,003,400
922,434
424.428
Outstanding-
CHRONICLE
April 30.
2,957,050
939,010
Currency. 324,579,250 325,0G0,270 327,078,910
Gold
1,400,920
1,400,920
1,400,000
Notes received for redemption
from—
Now York
Boston
0,300,000
Philadelphia
Miscellaneous
Total
The
rency,
and
4,002,000
4,700,000
300,000
5,008,000
500,000
1,783,000
2,708,000
4,771,000
3,028,000
418,000
1,940,000
......$13,083,000 $12,398,000 $10,187,000
following is a statement of the Comptroller of the Cur¬
showing the issue and retirement of national bank notes
legal tender notes, under the Acts
January 14, 1875, to May 1, 1879:
of June 20, 1874, and
National Bank Notes—
Outstanding when Act of June 20, 1874,
passed
was
Issued from June 20, 1874, to Jan. 14, 1875
Redeemed and retired between same dates...
Increase from June 20, 1874, to
$349,891,182
$4,734,500
.
2,707,232
January 14, 1875
—Attention is called to the card of Mr. Wm. R.
Utley,
will be found on the fourth
page of the Chronicle. Mr.
is ready to purchase a number of securities
Redeem’d and retired from Jan. 14,’75, to date
$73,899,048
Surrended between same dates
tisement.
Latham, Alexander & Co., in bank¬
ing and cotton business, have removed from 18 Wall street to
elegant quarters in the Queen Insurance Building, 37 and 39
Wall street.
—Messrs G-Wynne &
firms in Wall street,
twenty
Day, one of the leading stock and bond
having a standing there of fifteen or
have removed to handsome offices at 45 Wall
years,
street.
?
—Mr. John B.
Manning, the prominent broker
shortly remove his office
Southern securities, will
street.
B1NK !\G AND FINIMIAL.
Oi'Ticn
To Answer
$81,990,970
00,814,430
$24,182,540
Outststanding at date...
.$327,078,910
Greenbacks—
Fisk A Hatch, No. 5 Nassau
Street, ?
New York, May 2, 1879.
5
ok
j.
On deposit in the Treasury
June 20, 1874, to retire notes
liquidating banks
Deposited from June 20, 1871, to date, to retire national
of insolvent and
$3,813,075
banknotes
Total
80,208,844
deposits
Circulation redeemed by Treasurer between
without re-issue...
On
same
dates,
Retired under Act of
Outstanding at date
$90,022,519
70,000,280
deposit at date
$13,350,239
January 14, 1875
Statement of the
$35,318,984
s.
340,081,010
Comptroller of the Currency,*
States the amount of National Bank circulation showing by
issued, the
amount of Legal-Tender notes
deposited in the United States
Treasury to retire National Bank circulation, from June 20,1874,
to
Majr 1, 1879, and
amount
remaining
on
deposit at latter date.
Legal-Tender Notes Deposited to
i
June
1874.
!to retire 1
20, Redcmpt’n
of Notes of 1 Circulat’n
Total
under Act
Liquidat - of J’ne
20, Deposits.
j
ing Banks
$
Maine
1,411,180
N. Hampshire
504,205
Vermont
1,580,370
Massachusetts 13,704,715
Rhode Dland.
Connecticut
709,110
2,090,910
New York..
15,019,125
New Jersey...
2,022,305
Pennsylvania
8,018,380
..
.
Delaware
Maryland
..
Virginia
West Virginia.
N’rth Carolina
S’th Carolina
.
Georgia
Florida
Alabama
..
..
1,238,130
Kentucky
....
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
....
Minnesota
Kansas
Nebraska
Nevada
Dakota
Colorado
Utah
Washington
....
..
.
Legal tenders
Totals
110,100
135,000
3,440,040
444,800
509,200
1,929,980
2,077,280
1,040,685
1,267,910
277,880
1,230,400
881,400
111,000
45,000
54,000
423,900
Montana
California
*
51,070
1,082,000
45,700
352,930
45,000
.
151,097
234,800
Legal Ten¬
ders
d
e
99,000
39,000
180,000
on
p o s i t
with U. S.
Treasurer
at date.
1874.
$
000,000
55,800
952,340
0,000,500
32,350
$
917,000
128,797
1,103,437
0,301,300
707,735
$
292,014
77,317
57,198
290,243
735,385
05,350 1.249,490 1,314,840
2,101,001 18,293,500 20,395,101
151,000 1,302,030 1,513,090
1,090,311 0,057,980 7,148,297
130,000
19,030
2,240,099
370,887
1,742,07*6
125,401
50,381
223,404
149,673
229,055
49,845
116,754
160,000
400,104
808,509
731,000
128,200
1,575,470
427,500
287,725
437,075
953,380
725,400
94,500
94,500
853,510
270,000
922,585
953,380
827,004
1,002,079
1,001,000
1,050,785
1,102,488
—
088
.
..
Texas
Arkansas
Tennessee
454,500
584,500
317,000
72,997
198,000
Mississippi
Louisiana
486^310
..
Dist. Columbia
|
173,275
....
$
!
States and
Territories.
Retire National Bank Circula¬
tion since June 20, 1874.
Additional
Circnlat’n
issued s’ee
045,750
10,000
2,099,250
229,340
135,000
2,745,666
575,867
235,901
865,310
1,378,033
1,953,900
1,483,319
1,085,297
1,540,134
364,500
582,360
743,009
385,095
781,721
45,000
533,859
3,589,410
2,870,922
5,437,483
0,260,596
1,952,590
800,439
1,554,955
1,226,445
190,550
188,080
239,310
135,000
709,700
4,454,720
4,300,241
0,522,780
7,800,730
2,317,090
1,442,799
2,298,024
1,011,540
972,271
233,080
420
330,193
4,755
10 413
378,508
105,392
773,920
1,277,853
2,040,849
1,031,731
370,911
348,299
459.800
210,983
309,594
24,514
2,278
*135,083
101,191
149,400
190,800
357,991
38,500
24,455
17,300
45,000
62,300
8,000
281,483
3,813,675
i 05.5
48,930 10,397,041 69,811,803
90,022,519! 13,356,239
*
Deposited prior to June 20, 1874, and remaining at that date.
—Messrs. Winslow' Lanier & Co. will pay
the May interest
the
on
following securities : Cincinnati Hamilton & Dayton Kailway Company first mortgage bonds; Colfax, Indiana, bonds ;
Greeneastle, Indiana, bonds ; Indiana State wrar loan bonds ;
Indianapolis, Indiana, bonds; Logansport, Indiana, bonds;
Pittsburg Fort Wayne & Chicago Kail way Company first and
second
mortgage bonds ; Portsmouth, Ohio, water works bonds,
and railroad improvement bonds ;
Randolph County, Ohio,
bonds; Marietta, Ohio, bonds; and Terre Haute, Indiana, water
and sewerage bonds,
principal and interest.
Inquiries f
rom
all Part* of the Land:
During the past week our ofliee lias been thronged with friends and
customers, our mail pouch lias been crammed with letters,
telegraph
boys have been going to and fro in a steady stream, and so
many inquir¬
ies have poured in upon us as to make it
almost impossible to titid timo
to
answer
them.
Many are not aware that the Four per cents
form; that the interest is paid every quarter; that
*
and dealer in
to No. G Wall
—Messrs. Gelston & Bussing, bankers and
brokers, have re¬
moved their offices, and will now be found at No. 10
Wall street.
$351,801,450
Decrease from January 14, 1875, to date
Utley
—The well known firm of
11,097,922
Total redeemed and surrendered
Issued between same dates
which
named in his adver¬
1.9G7.208
Outstanding January 14, 1875
445
untaxablc in any
other Government
bonds, at their present cost, will pay as good interest in the
long run.
Holders of called bonds do not know that
by exchanging at ouoc for
are
no
“
Fours,” they can do so upon terms that will give them interest at the
rate of six per cent for the next three months.
Holders of fives and
sixes of 3 881 are
exchanginglargely for “Fours,”
are
and
their
thereby making
income—by taking into
account the difference received—fully equal
to five per cent per annum for the
coming two years, and at the same
time escaping the contingency that the Government
may be ablo to soli
“
Fours” at a premium in 1881, while
calling in and paying off their
bonds at par, or to negotiate a bond
bearing not over three-and-a-half
Every five and six per cent bond held in Europe will
be returned to this country before 1881, as the last
coupon will bo cut off
by that time, and European holders do not take registered bonds, while
Four per cent bonds M ill go to
Europe to take their place, to a largo
per cent interest.
extent.
All those facts show that the amount of
the “ Fours” remain¬
ing available for the reinvestment of over $250,000,000 of all called
bonds will be rapidly diminished, and that under the combined
demand
for this purpose and for new investments at home and
soon become scarce in the market.
abroad, they will
It should be remembered that the Fives of 1881 at
102, if redeemed at
cent, and that the 8ixcs
of 1881 at 104 for the principal will
barely do the same.
It must not be lost sight of that National Banks will
not ho likely
hereafter to deposit in Washington any bonds but the “
Fours,” and that
with increased activity in business
they will need more and more bonds
for that purpose; also, that if a National Bank can loan
its money at only
three or four per cent, it can, by taking out circulation on Four
per cent
bonds, increase the rate to about six per cent, while if the loaning rate of
the
maturity of theoption, will pay but four
per
money is six and seven, circulation becomes still
more profitable; that
find absolutely nothing in hirge amounts in which
to invest their money but the “Fours;” that
they will ere long be com¬
pelled to reduce their rate to depositors to four per cent; that the great
Life, Fire and Marine Insurance companies have fared so badly with
the
Savings Banks
can
real estate
security, town and city bonds, and other miscellaneous invest¬
ments, during the past few years, that they are now putting the bulk of
all their accumulations into Government “Fours;” that estates and
euorrhous amounts; that the people North, East,
putting away the registered United States Govern¬
ment Four per cent bonds as a sure thing; that
Europe is now' commenc¬
ing with daily-increasing rapidity to buy back in the “Fours”
trust funds absorb
South and West
are
the
five
to
and
sixes
during the past three
six
hundred
millions
it
has
sold
to
us
in
fives
four years;
that w'e are the
safe asylum not only for the peoples but for the
moneys of all nations ;
that our Four per cent Government bonds are dealt in on
every bourse
and stock exchange in the world. All the foregoing
suggestions are de¬
signed to answ'er some of the numerous questions which are put to us
every hour of each day.
We will only add that during the past week, of the $121,000,000 Four
per cents, recentlj' subscribed for, over $38,000,000 have already been
taken up by permanent investors, one life insurance
company having
taken
or
$2,000,000, another $1,090,000, one savings bank $2,000,000,
$1,000,000, one merchant banker for his clients $1,000,000,
another
w'hile large amounts have been taken by National Banks to be substi
tuted for their other securities in the Bank Department, and at least
$5,000,000 have
gone
to Europe.
It would not be surprising if the Lon¬
during the present year, absorb at
don and Continental markets should,
least one hundred millions.
No country or nation ever became great and prosperous that
permanently paid a large rate of Interest on its public debt.
A dishonest country or nation pays no interest at all.
A country or nation in bad credit
pays the highest rates.
A country or nation honest, upright and jealous of its credit, borrow's
money on its own terms. Capital and enterprise seek that land and its
securities.
The reduction of the rate of interest
on our public debt to three-and-a
benefit to every iierson and enter¬
prise in the country, and is the surest sign of returning national wealth
and sound prosperity.
Respectfully,
half and four ]>cr cent, is a permanent
Fisk <k Hatch.
446
THE CHRONICLE.
[Voi. XXV1IL
X
^Itc panthers' (gazette.
Range since Jan. 1,1879.
Lowest.
c-
NATIONAL BANKS ORGANIZED.
The United States
6s, 1881
cp.
6s, 5-20s,’67.cp.
6si 5-20s/68.cp.
5s, 10-40s... cp.
5s,fund.,’8l.cp.
4%s, 1891 ..cp.
4s, 1907
cp.
6s, cur’ncy.reg.
Comptroller of the Currency furnishes the
foUowing statement of National Banks organized the past week:
2,423—Fourth National Bank of Columbus, Ohio. Authorized capital,
$100,000; paid-in capital, $50,000. William 8 Ide, President;
Weeley Richards, Cashier. Authorized to commence business
April 23, 1879.
.
Per
Cent.
Company.
Railroads.
Boston Con. & Montreal pref
3
Boston & Albany
Cedar Rapids & Mo. Riv. (quar.)..
Cincinnati San. & Clev. pref
Concord
Republican'Valley (quar.)
Ranks"
American Exchange
German
Exchanged
When
Books Closed.
(Days inclusive.)
5.
15.
1.
1.
May
1.
May
1.
3
5
May
May
1. April 26 to May 1.
9.
2
May
*
as
-
15.
ever,
holders of five-twenties and ten-forties exchanging
their bonds,
but
even
$81,098,900
74,033,750
53,723,200
14,911,600
143,054,700
20,612,800
49,777,100
250,132,400
258.307.950
165.760.950
334,259,200
84,239,050
219,104,500
64,623,512
25.
Range sinoe Jan. 1, 1879.
2.
103 % 1033s 103 7a
x057s 10538 106
108 % 109% 110
102 7e 1043s 104%
Lowest.
Highest.
Jan.
10314 Apr. 19 Ill
7
x05% Apr. 25 1093* Jan. 4
106ia Mck. 24 110
May 2
101
Mcb.26 10458 Apr. 28
State and Railroad Bonds.—State bonds have not been very
strong on the Southern list. Louisiana consols remain about 50
@51 on the uncertainty as to the proceedings of the convention.
By far the best thing that Louisiana could do on her debt, if any
relief js necessary, would be to simply leave all matters un¬
changed and agree to pay 5 per cent, or even 4 per cent, on the
present bonds, the holders of bonds giving up their coupons on
payment of 2£ per cent or 2 per cent as the case maybe. Any
new “scaling”
of the principal of the bonds would justly be
regarded with great disfavor and still further injure the State
Situation.—Thefinan
and the markets are
generally firm to buoyant. The sales of U. S. four per cent
bonds keep up to very large amounts, and not
only are the
favorable
Mch. 19 1083s Jan. 4
x03%May 1 107% Jan. 15
104
Mch. 21 107
May 2
x99
Apr. 1 101% May 1
119% Jan. 4 124% Apr. 28
18.
FRIDAY, MAY 2, 1879-5 P. M.
as
1*01*4
April April May
The Money Market and Financial
clal situation remains
Coupon.
1053* Moll. 22 1067s Jan. 17 $201,637,450
U. S. 5s, 10-408
U. S. 5s of 1881
U. S. 4*28 of 1891
U. 8. 4s of 1907
1
3
5
2
Miscellaneous.
Pullman Palace Car (quar.)
Registered.
the range
Payable.
May
May
May
May
$4
Highest.
Closing prices of securities in London for three weeks past and
since Jan. 1, 1879, were as follows:
DIVIDENDS.
The following dividends have recently been announced:
Name of
Amount May 1,1879.
credit.
the holders of fives and sixes of 1881 are, in some cases,
Railroad bonds have been very active at higher prices.
The
selling out to get the benefit of the current premium on those
greatest rise' has been in Toledo & Wabash equipment bonds,
bonds, and re-investing in the four per cents. With the present which sold to-day about 60, and a few weeks
The
ago at 8@10.
outlook it seems improbable that the holders of called bonds will other Wabash bonds have advanced also, but not
nearly as much.
Erie second consolidated made their highest prices
be likely to obtain any better terms hereafter,
to-day on large
through a decline
purchases.
in the price of 4 per cents, and for all those who intend to take
Messrs. A. H. Muller & Son sold the following at auction:
government bonds again there seems to be no better course than
Shares.
Shares.
to take them speedily.
40 N. Y. Equitable Life In8.198
5,315 L. Superior Ship Canal
The money market has worked more
60 ConnnercT Fire Ins. Co. 137
Railway & Iron Co.. .20 p. ct.
easily, and on govern¬
40 Manhat. Gaslight Co...181
Bonds.
ment collaterals the rates have been
24 Montauk Fire Ins. Co.
2@4 per cent, and on stock
$2,000 Houst. & Texas Cent.
collaterals 2|@3| per cent.
The Bank of England statement
on
Thursday showed
a
of Brooklyn
16 St. Nicholas Bank
100 Second Ave. RR
100 23d st. RR
decline
in
110
95%
RR.
(Main Line) first
mortgage 7s
30
105 %,
5,000 Cincin. Richmond &
Ft. Wayne RR. first
mort., guar., 7s, gold
bonds, due 1921; int.
93
specie of £75,000 for the week, and its reserve was 50£ per
415 Citizens’ Gaslight Co. of
Brooklyn
75%
liabilities, against 50£ the previous week.
50 Manhat. Gaslight Co... 180*4
guar, by the
Grand
The last statement of the New York
25 Metrop. GasA. Co.,N.Y.120
City Clearing-House banks,
Rapids & Indiana RR.,
15 Eagle Fire Ins. Co
Cin. Ham. & Dayton
205
issued April 26, showed an increase of
$2,840,100 in the excess
57 Home Ins. Co
125
RR., and Penn. Co
67 7*a
above their 25 per cent legal reserve, the whole of such excess
50 Peter Cooper Fire In¬
5,000 Rising Fawn Iron Co.
surance Co
of Ga., 1st mort. bds.. 47%
203%®203%
being $12,324,050, against $9,483,950 the previous week.
25 Manhat. Fire Ins. Co... 112*2
The following table shows the
changes from the previous week
Closing prices of leading State bonds for two weeks past, and
and a comparison with the two
the range since Jan. 1, 1879, have been as follows:
preceding years.
cent of
,
1879.
April 26.
Differences fr’m
1878.
1877.
previous week.
April 27.
April 28.
Loans and die. $231,096,900
18,228.100
Specie
Circulation
19,707,600
Net deposits
204,514,200
Dec.
Dec.
Dec.
Inc.
Legal tenders.
Inc.
..
.
45,224,500
United States
$54,400 $230,301,500 $255,733,800
647,500
32,585,100
20,534,500
13,600
20,021,800
15,996,100
4,259,200 200,875,000 222,901,200
4,552,400
34,933,800
48,865,000
Bonds.—The firm and
per cents, and the great demand for
ture of the
government bond
advancing price of 4
these bonds is the
dealings.
or
they mature; and with the
holder of sixes
or
or
wait till
fives of
1881
whether he shall sell them at the present
premium and purchase
4 per cents, or whether he shall wait till 18S1 with the
various
chances attendant thereon.
The
syndicate of bankers already report the sale of $38,000,000
they subscribed for, and large amounts are
taken in blocks by financial
corporations. In London the 4 per
cents keep well up, and are
quoted to-day at 104£.
Closing prices at the N. Y. Board have been as follows:
of the bonds which
Interest
Period.
69, 1881
6s, 1881
58, 10-40s
5s, 10-40s
reg.
coup.
-reg.
coup.
5s, fund., 1881...reg.
5s, fund., 1881..coup.
4%s, 1891..
reg.
4%s, 1891
coup.
4s, 1907
reg.
4s, 1907
coup.
6s, cur’cy, '95-99. reg.
*
J.
J.
M.
M.
April
April
26.
28.
April
April
29.
30.
May
1.
May
•>
&
&
&
&
J. ‘1063s *10638 *10638 *106 %
*106% *106%
J. *10638 1063s *106% '106%
106% *106%
8.
S.
Q.-Feb. 103% *103
103% 103% 1*03 34
Dist. of Columbia, 3-65s
*
no
sale
was
107
101%
101%
124%
made at the Board.
1879,
were as
follows:
April
May
25.
2.
50
50
Range since Jan. 1,1879.
Lowest.
47
■
Highest.
Mch. 18
69
Jan.
6
*104% *105% 103% Mch. 5 106% Feb. 12
*22
Feb.
8 22% April 5
*22% 18
35
35% 34
Feb. 13
Apr. 26 42
*77
*78
*41%
84%
*41%
84%
This is the price bid; no sale
was
41% Apr. 29
79% Jan.
3
44
Mch. 28
84% Apr. 26
made at the Board.
Miscellaneous Stocks.—The
general tone
of the stock market has been
strong, but to this there
have been some important exceptions in the prices of particular
stocks.
The investment stocks have been pushed up since the
first of the year to very high figures, and there they
are firmly
held. The stocks embraced in the Wabash combination are main¬
tained at their advance, with temporary fluctuations, but as to
Hannibal & St. Joseph there appears to be some disappointment,
and the stocks have gone off.
Michigan Central has been de¬
cidedly weak, and this is reported to be.in consequence of the
reported connections of the Grand Truck of Canada with Chicago,
and possibly on account of smaller net earnings the
current half
year than had been expected.
Erie is stronger on the general
bull movement in its stocks and bonds, assisted in unmeasured
terms by some of the daily newspapers.
Chicago & Alton stock
has ruled comparatively low in consequence of the competition to
Missouri River points, and the supposed injurious effect of the
combination which will throw Kansas Pacific traffic over its rival
road.
The coal stocks are well held in spite of the low prices
made at the auction sale of anthracite Coal this week.
Total sales of the week in leading stocks were as follows:
Wabash
*103%
'105 34
The range in prices since Jan.
1, 1879, and the amount of each
class of bonds
outstanding May 1,
Virginia 6s, consol
‘do
do
2d series..
*103*8
Q.-Feb. *10438 *104% *104% *104% x0334
Q.-Mar. *10612 106^2 *106% 106% *x05%
Q.-Mar. *106% * 10638 *106% *106% *106%
Q.-Jan. 101% *10134 *101 34 101% *10134
Q.-Jan. 101% *10134 *101 34 101% 101%
J. <fc J. * I237s 124% *124% 124%
124%
This is the price bid;
Tennessee 6s, old
Railroad and
a
five-twenties
exchange his bonds immediately
Louisiana consols
Missouri 6s, '89 or '90
North Carolina 6s, old
main fea¬
It simply becomes
question of time with the holder of ten-forties
whether he shall
States.
“
“
May
.»
North¬
west.
Ohio
Del. L.
& Miss. & West.
Erie.
Lake
Shore.
24.550
23.470
14,895
21,995
21,287
32.675
28
29....
30....
18,620
10,350
10,635
20,375
7,725
8,960
5,300
14,300
9,110
25,145
9,667
21,755
13,483
6,700
6,790
1....
15,535
2.050
2,160
14.764
2
13,825
2,950
6,150
27,700
24,350
5,620
10,403
11,014
15,430
9,070
32,687
5,600
April 20....
“
St.
Paul.
7,100
7,060
5,365
6,630
5,650
Total.
195,480 44,505 60,815 56,627 141,292 93,044 57,137
Wholo stock. 160.000 154.042 149.888 200.000 524,000 771,077 494,665
..
Mat 3,
THE CHRONICLE.
1879.]
Tlie total number of shares of stock
outstanding is given in the
last line for the purpose of comparison.
The d<aily highest and lowest nrices have been as follows:
Saturday,
April 26.
Monday,
April 28.
Tuesday,
April 29.
Canada South. 60
60
Cent, of N. J.. 44% 45%
Chic. & Alton. 70% 77
•Chic. Bur. & O. 114
114}
Chic.M.&St.P.
do
pref.
80 k
58k
do
pref. 89
•Chic. R. I. & P. 131
Clev. C. C.&I. 47%
•Clev.& P.,guar 97
90}
131*
48
97%
7H
8*
>1
Col. Chic.&I.C.
Del.&H. Canal
Del.Lack.& W.
Brie
do
Kansas Pacific
89
00}
89%
130% 130%
46* 47%
97
7%
4 o'A
do
1st
96
7k
53% 54k
These
96
214
124 12k
37}g 38
9k
9k
60
44k
77
90
90
444 46
97
97k
90k
7k
46k
53k
274
27}
49}
19
50
19
18
40k 41k
86
60
85k
72
724
154
86k 87 k
874
1174117! 1174 117
117k
14
15!
15
14k 15
13k 13k 134 13k 13k
136
*136
139
....
k07k
214 214
Ilk 1374
37k 39k
9k
94
164
88
117 k
15k
144
139
108k 108-k
22k 23k
prf.
are
33
103
104
Canada Southern....
Central of N. J
Chicago A Alton
Chic. Burl.A Quincy.
Chic. Mil. A St. P..
do
do pref.
..
Chicago A North w...
do
do pref.
Clue. Rocklsl. A Pac.
1,710
45 "4 Jan.
33*2 Jan.
111*8
44,505
3438
12.899
74%
60,815
49%
17,920
76%
2,665 119
3 434
4,476
1,970
84*2
..
Illinois Central
Kansas Pacific
Lake Shore
75
843
Clev. Col. Cin. A Ind.
Clev. A Pittsb., guar.
Col. Chic.A Ind. Cent
21,615
Del. A Hudson Canal1
12,554
Del. Lack. A Western 141,292
Erie
93,044
do pref
6,850
Hannibal A St. Jo.
38.870
do
do pref.
16,020
2,121
18,666
57.137
.
Mch.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
5
Jan.
38
Jan.
4?
Jan.
21% Jan.
37*2 Jan.
13% Jan.
34
3
63*2 Mch. 15
2
473s Feb. 17
3
88
Jan. 28
7 122% Feb. 19
4
48%: Jan. 28
4
85% Jan. 28
3
653s Jan. 27
3 923g Apr. 12
8 L35
Feb. 18
2
48% Apr. 25
2 9734 Apr. 24
4
9
Apr. 29
2
46 % Apr. 26
2
555s Jan. 27
4
27% May 2
2
51% Jan. 30
4
2]3gApr. 25
45% Mch. 17
Jan. 10
79% Mch. 26 89
Jan.
9*8 Jan. 21 .60
Apr.
67
Jan.
6
74%-Jan.
2 90% Jan.
73% Jan.
4 17% Apr.
5% Jan.
75% Jan. 3 89
Apr.
120
30
Range for
1878.
Low.
High.
38
45%
13% 45%
66% 85
99% 114%
27% 54%
64
84%
32% 55%
59% 79%
983s 122
23
38%
63% 85
2%
630
3438 59%
41
61%
7% 22%
21% 38
10
16%
21% 41%
723s
87
30
4
28
27
55%
12%
71%
58%
75
16
26
2
7%
673e 89
Feb. 18 103% 115
15% Apr. 26
6% 11%
155g Feb. 18 12% 23%
140
131
Apr. 19 112
108% May 2 85
102
5
23% May 2
15%
17% May 2
3%
7%
45% May 1 19
26%
113g Apr. 21
1%
4%
13% Apr. 21
1%
5%
28% Apr. 19
5% 11%
4% Mch. 17
5
3%
81
Feb. 19
61% 73
34% Apr. 25 12% 23%
103
Mch. 4 75% 102
The latest railroad earnings and the totals from Jan. 1 to
latest
dates are given below
The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
•columns under the heading “Jan. 1 to latest date” furnish the
earnings from Jan. 1 to, and including, the period
tioned in the second column.
/—Latest earnings reported.—*
Week or Mo.
1879
1878.
✓-
•
72,833
87,570
679,768
119,415
350,907
1,438,302
178,767
405,276
81,023
1.220,734
23,816
1,377,268
1,359.581
the
of
May 2.
.
.
Chic.ANorthwest.March ....1,101,000 1,095,834
7.200
17,739
16,813
102,208
38,415
171,024
76,417
39,222
7,652
16,866
19,635
82,185
31,069
2,998,944
104,947
54,578
235,300
130,964
170,606
2,657,777
1,382.831
22,837
77,415
32,228
174,528
402,847
133,562
28,903
19,981
17,735
212,916
416,005
124.878
90,119
60
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
Documentary commercial
Paris (fraucsi
men¬
Swiss (francs)...!
Amsterdam (guilders)
The
71,329
576,753
715.007
1,245,963
321,317
286,932
497,600
1,058,401
1878.
$874,742
554,854
389,577
517,859
202,072
52,812
3.320,109
1,217,207
1,956.617
182,398
2.587.936
3.258,632
109,432
48,905
Sovereigns
®$4 89
3 83
3 88
® 4 78
® 4 00
Boston
4.86%®4.87
4.86 ®4.86%
5.16%®5.13%
5.18%®5.16%
5.1834®5.16%
5.16%'®5.1438
5.i6%®5.i4%
95
95
95
®
@
95
®
4.87%®4.88%
4.874* ®4.87%
40%
95%
95%
95%
95%
'a
English silver
....
Prus. silv. tlialers.
Trade dollars
New silver dollars
..
banks for
4.86%®4.87
4.85%®4.8t>%
4.85 ®4.85%
4.84%® 4.85
5.18%®5.16%
Dimes & % dimes.
Silver 44s and %s.
Five francs
Mexican dollars..
®
4 73
3 93
Span’ll Doubloons.15 55 ®15 75
Mex. Doubloons.. 15 50 ®15 65
Fine silver bars
110
109%®
Fine gold bars
Demand.
40%®
9534®
95 %®
9538®
9538®
40%
955s
95%
95%
9563
quotations in gold for various coins:
$4 84
X X Reiclimarks.
X Guilders
par.®%prem
—
9838®
—
—
99
®
—
93
86
®
®
—
4 75
®
—
68
®
—
70
—
983s®
—
99 4*
—
par.
—
—
—
994®
—
99%
99%
95
87
4 80
Banks.—The following are the totals of the Boston
series of weeks past:
a
Loans.
Specie. L Tenders. Deposits. Circulation. Agg. Clear
,
r
18? 8.
%
8
S
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
Dec. 21.
Dec. 30.
127,202,000
126,472,600
126/98/00
3,135,000
2,933,000
2,862,400
2,779,900
2,630,500
2,659,900
8,060,800
8,228,; 00
8,655,500
8,112,900
7,483,500
7,296,300
6,416,400
56,258,400 25,488,700
55,244,900 25 450.900
55,713/00 25,311.400
56,016,900 25,400,000
6,126,800
127.376,300
127,483,800
128,689,700
130,098,300
2,851,300
$
S
*
47,970,092
55,932.300
25,937,200
44,426.281
36,257,603
46,164,103
42,352,385
56,433,300
25,424,700
25,359,400
4.5,064,725
38,488,361
56,217,600
1879.
Jan.
Jan.
Jan.
JaD.
Feb.
Feb.
Feb.
Feb.
Mar.
Mar
Mar.
Mar.
Mar.
Apr.
Apr.
Apr
Apr.
6.
13.
20.
27.
3.
10.
17.
24.
3.
10.
17
24.
31.
7.
14.
21.
28.
132,2)0,000
3,851,900
3,898,600
3/35, MX)
3,822,500
3,927.500
134,650,600
135/ 45,MX)
136,790,600
139,979,500
139/91/00
3,8(6,200
144,980,000
143.799,200
141,969,200
141,623,700
3,708,300
3,645,700
3,625,700
3,664,500
3,649,900
3,620,800
3,644,000
3,646,200
3,684,709
3,65\800
3,627,700
141,308,300
140.442,800
140,033,100
139,001.100
138,300.400
137,169.400
134,192,600
59,525,100
25.616,400
5,93‘,800
5,419,700
5,230,200
5,127 900
61,120,400
60,968,600
63,747,200
52,163,732
25,634,300
49,172.697
25.61 ‘,600
25,500,100
25,436,600
46,764,891
43,763.114
4,720,209
4,4 6,500
61,190,100
69.770,300
25,566,8:10
47,534,405
47,130,361
45.334,530
46,349,291
48,733,821
4,273,300
4,324,300
4,6)0,500
4.750,300
4,713,600
4,591,000
4,294,700
3,805,800
3.483,700
3,827,800
64,796,300
follows:
Loans.
1873.
$
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
Dec. 23.
57,656,695
57.344,124
57,461,311
Dec. 30.
56,949,772
5 ,714,763
57,353 6)8
5T.lu7,459
187 9.
Jan.
Jan.
Jan.
102,171
2,811.887
Feb.
Feb,
Mar.
1,549,258
516,188
619,613
Mar
Mar.
Mar.
1,270,64 j
Mar.
45,739,465
46,907,569
39,857,020
44.676,942
47.207,392
51,936,677
47/78,840
Philadelphia banks
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
S
$
$
$
S
1.879,359 12,505,345
44,436,416 11,353,116
27,805,472
1,9 2.867 12,618,399
41/12/33 11,393,361
31,023,406
1,946,959 13,022,453
45/ 44,517 11,395.817
21.195,262
1,996,059 12.740,471
44,816/12 11,386,822
37.596,551
2.056,397 12,640 356
41,240,055 11,384, 75
28,809,821
2,168,142 13,220,333
44,650,121 11,-79,546
32,208,916
2,461,523 13,127,307
41/03,227 11,371,466
26,110,382
v
,
6.
13.
20.
27.
3.
10.
17.
24.
3.
10.
17.
24.
31.
r*
Apr.
Apr. 14.
Apr. 21.
Apr. 23.
1
41,620,628
25,545,800
68,215,900 25,481,100
70,326,700 25,399/00
67,028.300 25,613,100
65.677,100 25.562,000
64,050,100 25,445,500
63,415,100 25.4:38,200
64.221,500 25,827,800
63,371,OHO 26.0! 4,200
62,99 ,000 26,215,000
60,252,400 26/30,200
Philadelphia Banks.—The totals of the
309,802
865,119
are
Napoleons
Jan.
Feb.
Feb.
401,51 )
348,883
402,714
following
days.
40%®
Hamburg (reiclimarks)
Frankfort (reiclimarks)
Bre nen (rei hmarks)
Berlin (reichmarcks)
Jan. 1 to latest date.-
1879.
Atch. Top. & S. F.3d wk Apr. $145,500
$76,711 $1,639,974
.Atl. & Gt. West...February .
328,387
255,878
637,508
Atlantic Miss.&O. March
132,802
129,105
364,147
Bur. C. Ran. A N 3d wk Apr.
23,443
24,526
396,196
Burl. & Mo.R.in N February
127,896
103,695
260,594
Cairo & St. Louis.2d wk Apr.
4,128
‘ 4,244
60,935
Central Pacific...March
1,289,000 1,228,592 3,471,166
Chicago A Alton.. 3d wk Apr.
90,966
88,540 1,258,063
Chic. Burl. A Q...February
982,377
911,150 2,087,475
Chic. A East. Ill.. 4th wk Mar
18,627
15,131
195,555
Chic. MU. A St. P.3d wk Apr. 163,000
193,594 2,176.000
44,903
33,486
56,992
exchange market is quiet and steady. The
leading drawers on actual business are about
below their asking rates, and to-day bankers’
sterling bills were
sol i at 4.86£@4.80^ and 4.87£@4.372 for
long and short bills
respectively.
In domestic bills the
following were the rates of exchange on
New York at tlie undermentioned cities
to-day : Savannah—
selling 5-16, buying, nominal, 3-16.
Charleston—easy, buying
3-16, selling
New Orleans—commerc'al } premium, bank £
premium. St. Louis—50 discount. Chicago—weak, 1-10 dis¬
count buying, 1-10 premium
selling.
Quotations for foreign exchange are as follows:
are as
.
84,688
Antwerp (francs)
Highest.
Michigan Central.... 33,145
Missouri Kan. A Tex
16,700
Morris A Essex
8,858
N. Y. Cent. A Hud. R.
1,617 112
Mch. 24
Ohio A Mississippi...
56,627
7% Jan. 4
Pacific MaU
8,855
1038 Jan. 13
Panama
80 123
Jan.
2
Pitts. Ft. W. A Chic..
120 101
Jan.
4
St. L. I. Mt. A South.
13
Jau.
2
22,150
St. L. K. C. A North.
87.203
7
Jan.
2
O
do
84,610
25% Jan.
St. L.A S. Francisco.
2,905
3% Jail. 8
do
pref.
8,739
4is Jan. 21
do
1st pref.
5,576
934 Jan. 23
Sutro Tunnel
18,314
23g Jan. 16
Union Pacific
15,653
57*2 Jail. 31
Wabash
105,480
17% Mch 13
Western Union Tel...
43,376
7
943a Jan.
Clev. Mt. V. A D. .3d Wk Apr.
Dakota Southern.March
Dubuque A S.City.3d wk Apr.
Gal. Har. A 8. An. February
Gal. Houst. A H..March
Grand Trunk. Wii.eim. Apr. 19
Gr’t Western. Wk.end.Apr. 25
Hannibal A St. Jo.3d wk Aj>i\
Houst. A Tex. C..March
Illinois Ceil. (Til.)..March
do
(Iowa).March
Indianap. Bl. AW. 1st wk Apr
Tnt. A Gt. North..3d wk Apr.
Kansas Pacific.. .3d wk Apr.
30,161
47,159
38.996
747,761
Exchange.—The
34
in prices for 1878 and
Lowest.
46,256
1,280
City A St. P.March
Southern Mmn... March
Tol. Peoria & War.3d wk Apr.
Uuion Pacific
February
Wabash
3d wk Anr.
1034 104k
Prices since Jan. 1, 1879.
Sales of
Week.
Shares.
Sioux
4k
4k
72k 73k
tlie prices bid ana asked; no sale was made at the BoaiaL
•
<—Latest earnings reported.—^ /—Jan. 1 to latest date.—*.
Week or Mo.
1879.
1878.
1879.
1878.
Mo. Kans. & Tex .3d wk Apr.
44.148
749.030
45,315
774,459
Mobile & Ohio ..vMarch
163.227
165,755
518,827
626,537
Nashv. Ch.& St.L.March
149,497
464.809
143,257
476,834
?ad.& Elizabetht.2d wk Apr.
4,620
5,308
78,703
92,926
Pad. & Memphis. .3d wk Apr.
2,181
3,055
48.192
61,748
Phila. & Erie
March
212,776 188,511
662,524
589,514
Phila. & Reading.March
1,041,142 695,334 2,876.222 1.894,724
St.L.A.&T.H. (bra) 3d wk Apr.
10,420
8,125
167,142
141,211
St. L. Iron Mt. & S.3d wk Apr.
85,000
73,986 1,284,560 1,293,770
St. L. K. C. & No..3d wk Apr.
58,558
58,012 1,044,682
993,529
St. L.&Southeast.March
95,830
93,003
267,541
261,695
St. Paul <fc S. City .March
54.095
48,861
138.784
130.669
Scioto Valley
March
24,579
18,450
65,737
rates
59
79k 80k
144
136
85k
56
71k 72k
784 81k
14
8
46
52
40k 41k
Total sales this week, and the
range
since Jan. 1, 1879, were as follows:
gross
,
454 46k
97k- 974
5274
26k
484
27
20
89k
8k
45k 46k
Sutro Tunnel.
Union Pacific.
72 k 74
"Wabash
3 Ik 33k 32
344
West. Un. Tel. 105k 196
105k 105k
*
90*
43)4 44*
97)
....
St. L. K.C.&N.
do
pref.
St.L.& S.Fran.
do
pref.
594 60
44k
43
*76
130 4 1304 130k 130k 130k 130k
Lake Shore.... 71J*
Mich. Central. 82'4
Mo. Kans. & T.
14 k 14 M
Mor. & Essex.. 83
89
N.Y.C.&H. R. 1167^ 1174 117k 117k
Ohio & Miss...
1474 isk 144 15*
Pacific Mail... 13^ 14
137k 14^
Panama
140
*134 137
Pitts.F. W.& C. 107 k 107k 109
108
fit.L.LMt.&So.
May 2.
60
44
77
1134113k
40k 41k
81V| 824 81k 82} 81k 82
58% 594 584 59}
58k 59k
57% 59i
46k
77
Friday,
1137* 114
113k 113}
407* 41H 40k 41}
48k 49}|
18k 207,
41% 43}
85 k 36
45V*
pref
Han. & St. Jo.
do
pref.
Illinois Cent..
.
46
26 4
44)*
77
81}
60V
59
57<*
42*;
39% 41}
•Chic. & N. W..
Wednes., Thursd’y,
April 30.
May 1.
447
.
57/72,231
57,777,397
57,673,6 )9
57,614.478
57/38,02)
56,743,634
56,9)2,735
57,012.193
57,600,832
53,268,231
58,436,555
E8,506,715
—
15,873.233
45.693.721
11.364.651
15,536,567
45,030,239
45,520,021
45,269.816
45,686,154
45,273,026
44.94'., 027
44,576,40.3
11,343.315
11,340,673
15,401,731
15,683,053
15,950,850
16,549,118
15,914,566
15,754.299
15,947,786
45,378.745
32.976.323
31.826.979
33,644/39
11,325.5 2
11,31 (',790
29,942,353
30,748,(62
11,309/56
11,306,127
11,338,4%
11,321,223
30,293,686
27,312,892
33,163,572
15,859,150
46,028,633
46,336,572
15,360/66
45/63,458
14,890,993
13,701/32
11,361,550
31,157,942
36,371,591
29/56,598
31,233,063
45,256.362
45,111.747
11,422,038
29.945.441
38,653,745
60,518.117
14,022,748
14,516,885
46,552 535
47,238,852
60,122,582
11,5 0,122
11,509/40
11,516,236
14.369,637
47,044,599
11,508,643
59,006.342
59,994.059
60.554,971
15,9^9,655
11,347,0*9
11,355,472
30,561.240
s,
38.407.056
34,295,143
448
THE
CHRONICLE.
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York City for the week
endinar at the commencement of business on April 2(>. 1870 :
Average amount of
Banks.
Capital.
Loans and
discounts.
£
*
New York.
Manhattan Co...
Mechanics’
Merchants
Union.
America
t..
2,000,000
2,050,000
2,000,000
2,000,000
Phoenix
5,762,000
577.800
290,000
3,000.000
1,000,000
7.371.500
2,376.000
1,000.000
1,000,000
000,000
6.185.100
542.700
288,000
1,276,800
300.000
10,730,400
1,000,000
3.153.100
3.581.100
200,000
600,000
300,000
800,000
5,000,000
5.000,000
1,000,000
1,000,000
422,700
Republic
1,500.000
Chatham
450,000
412,500
700,000
'
People’s
North America..
Hanover
Irving
Metropolitan
1,000.000
500,000
3,000,000
600,000
1,000,000
500,000
500,000
500,000
1,000,0 0
1,000,000
300,000
i
400,000
Importers’ Si Tr..1 1,500,000
Park
* 2,ooo,ooo
Mech. Bkg. Ass’n
500,000
Grocers’.......... 1
800,000
North River
..I
240,000
Citizens’
Nassau
Market
St. Nicholas
Shoe * Leather..
Corn Exchange..
Continental
Oriental
Marine
N. York County ..
Germ’n Americ’n
8.400
4,953,000
1,160,000
1,297,300
397.700
3.378.700
1,955.8* K)
7,411,000
6,182,800
1.973.500
2,020,400
2,924,000
1.188.200
1,541,IKK)
5.415.400
1.852.500
7,896,tXM)
1.709.100
1.882.300
1.623.400
1.601.700
5.615.400
2,005,100
82,000
5.33,509
116.100
415,000
9S,00(i
12.900
27,000
25,700
329,000
74,8(M»
27.900
43.600
17.200
1,018.000
550.700
72,400
3,700
47.200
83,800
1,000
1,108,1(M *
442,000
165,000
224.300
845.400
891.700
1.415.400
728.500
54.000
1,132,300
200,000
750,000
20,000
1.128.400
12,909
1.988.100
137.00(1
300,000
3.597.800
64,709
321,000
864,000
369,900
1,639,000
340.200
401.200
348,(MM)
176.800
090,000
567,000
992,000
290,000
750,000
3.170,000
3,411,000
712,700
400,500
5,4W
315,(MX)
204,500
2,218,000
246.900
3,900
348.400
450,000
447,000
746,'100
2,785,000
2,381,000
3.852.400
1.247.400
2.345.100
16,(H)1 600
1,113,000
13.343.7W
5.36,100
456.500
448,200
308.400
61,500
87,400
121,000
4,700
779,800
339,600
751.300
580,800
402,900
88,300
81,900
2,092,700
l,322,(MM)
142,500
11,440,000
6,110,(MK)
501,000
2,416.0W
563.300
3,023,000
1.765.200
8,681, W0
503.200 j
5.136.600
160,6001
830.300
1,052,900
1,482,000
224,000'
84:4,7W
357,700*
270,000
357,000
45,W0
799,000
268,800
225,0W
1,247,800
1,852,200
1,880,000
270,000
330,4001
507.700 i
180,000
Total
60.875,200 231,096,900-18,228,100 45.224,500 204,514,200 19,707.600
irorn returns of previous week are as follows
:
Igians and discounts
Dec.
$54,490 Net deposits
Inc.. $4,259,200
Specie
Dec.
647,500 Circulation
Dec.
13,600
Legal tenders
Inc.. 4,552,409
The deviations
The following are the totals for
Loans.
1878.
$
Aug. 31...
7...
Sep.
Specie.
...41
Sep.
..12
Sep.
Sep. 28...
Oct.
..5
Oct. 12...
Oct.
...91
...62
Oct.
...2
Nov.
Nov. 9..,
Nov. 16
Nov. 23..
Nov. 30..
Dec. 7..
Dec. 14..
Dec. 21..,
Dec. 23...
1879.
Jan.
4..
Jan. 11...
Jan. 18...
Jan. 25...
Feb.
1...
Feb. 8...
Feb. 15..
Feb. 21...
Mar. 1...
Mar. 8...
Mar. 15...
Mar. 23...
Mar. 29...
.,
Apr. 5...
Apr. 12...
Apr. 19...
Apr. 26...
$
$
230,431,700 17.000,309
243,43 3,900 16.953.109
244.215.100 13,554,700
245.377.400 13,322,809
243.332.500 13.190,609
247.881.900 17.590.709
248,634,390 1.3.991.109
248.593.100 15,547,800
245.103.400 19,399,590
244,511,800 24,144 100
240,2 3 4.200 23,373.20)
237.645.500 25,405,40 )
234,917,70) 23.414.400
2 33,4 H,400 22,937,409
2 30,815,500
2 33,047,200
2 33,974,100
235.834.400
234,250 000
2 30.63 2,099
233.163.400
234,416,200
2 33.241,40)
212,230.2))
244.133.500
2 4 4,007,00)
243,716,90)
247,674,20)
243.324.500
243,339,80)
240.453.500
235,833.600
230.442.900
231,151,300
231,096,900
a
series of weeks past:
Deposits. Circulation. Agg. Clear
L. Tenders.
53.948.500
50.683.500
48.891.200
48.533.400
45.630.700
43,.‘362,200
4*2,050,800
49.723.100
30,9.52,5.00
40,219,000
39.155.400
39.933.200
40.533.200
41.27.5.700
39,961,000
40,47.3,599
39,600,000
20.169.709
2),832.900
20.911,500
29.514.109
40,707,000
216.164.100
216.711.200
213,239,000
217,30 4.000
210,332,000
214,103,400
210,041,200
203,144,600
211,006,700
215.443.409
210,737,000
200.752.100
19.433.700
19,062,300
19,473 300
19,616,303
19.617.800
19,577,500
19.593.100
19.601.200
19.839.700
19,904,300 433,571,553
19.905.400 403,903,425
19.909.400 400,572,737
207.184.800 19.961.900 404,037,742
205.797.200 20,007,000 368,238,659
207,058,600 20,053,200 4:36,695,221
20 5,134,400 20,141,000
380,741,510
29 3,6*25,600 20,077,000
421.244,872
203.200.700 19.576.700 325,096,134
20.933.200
18.932,4)0
17,34 4,699
41.832.600 206.17 3.000
45,055,400 20 5,43 >.2>0
49,905,809 211,599,090
17,4 31 700 5 3,500,600 214.981.200
13.6:3 3,:3<)0 54 0 43,800 219.219.200
17.849.300 51.135.400 219,337,300
13.050.500 43,3)4.300 217.271-200
19.843.800 411,593,790
19,785,000 424,413,225
19.767.600 430.222.549
19.617.600 507,331,749
19.480.600 611.674.082
19.427.100 493.410,515
19,393,8 K) 452,720,433
17.931.300
13,453,50)
45.377,000
16.945.200
17.312.400
40,5 >3,800
3.0,173,40.0
213.293.1(00
1 3.803.7)0
13 4 46 800
210.5=53 300
36.972.600
19.335.900
19.232,4W
19,2 36,0=M)
19,3135 230
200,591,4 >3
19.290.900
13.365,0 >0
13.903.9 )0
13.875.600
31.815.800
35.115.400
40.672.100
1.3,233,100
193.5)45,600
19 3,121,700
195.303.700
2 00,255.009
45,*22 4,500
2.04,514,200
216.333.000
42.651.800 213.429.700
34.2 53.900
285,760,611
348,022,456
3‘30,H77,791
333,606,566
370,111,767
45 3,971,364
424.149,900
482,291,920
392,878,293
434,908.904
516,297,775
501,321,270
409,417,429
413.892,7:38
19.512.100
399.872.657
19,035,500
461.180.657
19.696.100
423.259.550
19.721.200
19.707.600
437,843,450
593,103,030
(lUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES
SECURITIES.
Bid. Ask.
BOSTON.
Maine 6s
New Hampshire
Vermont «s
Hartford & Erie 7b. new..
Ka**.CKy pt. Jo.& • \ K.
6s
do
83%
Yoi k & New E g. ,s
Lcdensburg & Lake cm.38.
Old Colony, 7s
do
08
Omaha & S. Western, 8s
Pueblo & Ark. Valley, ?s...,
; Rutland Ss,:st mort
i Vermont <k
('anada, new 8a.
ew
Massachusetts 5s, gold
Boston 6s, currency
do
5s, gold
Chicago sewerage 7s
*37%
37%
.
s.
105)4 106
|
...
94
...
Municipal 7s
j 05
*. 04*34
78d4; 8 )
Portland 6s
Atch. * Tcpcka 1st m.7s
111% 111k Vermont* Mass. UR.,6s....
land grant 7s U%l
do
i
STOCKS.
do
2d 7s
113
ii3k AtchKon & Topeka
.
101
,
do
lanrt Inc. Ss.. 103
j
Boston ® Albany 7s
119
do
68
Boston & Lowell 7s
Bosron & Loweli 6s
Boston & Maine 7s
boston & Providence 71
Bari. A Mo., land erant 7s.... 115 ;
115^:
do
Neb. 6s
R&% loo I
do
Neb. 8s, 1383
Conu. * PaEsump8lc, 7-. 189..
..
....
....
Eastern, Mat8., 8^s, new.
...
Fitchburg IiR.f fin
do
Kan.
7e....
City Top. &
7a, let
do
do
7s, Juc
70
Bo-ton
Boston
Boston
Boston
«fc Albany
& LoweP
& Matue.
& Providence
Burlington & Mo. In Neb...
CheshGp pi eferred
Chic. Clinton D ,b. & Min..,
Cm. San lusky & ciev
Concord
Connecticut River
Conn, dc Paesumpslc...
Eastern (Mass.).
..
;Eastern (New Hampshire).,
I
Fitchburg
Ilian. City Tcp. t Western..
tManche&ter & Lawrence...
% 108
13304
63% 70
11044 110%
110% 11*
....
j126
42
.178%
l 04
<
I
133
40%
14
8%
'140
41
75
Ufc%<117
•
•
I.
Gs.gnld, reg
7s, w’t’r ln.rg. *c
ib*2%
81%
«
.02
108% 109
*
*
*
#
.
Huntingdon* Broad Top...
do
do
*
*
sylvaula 6s, coup., ’.9i0..
j-lk. Nav.lst m.Gs.rg ,’97. j
do
2d m. 6s, reg., 1907;
do 6s, boat*car,rg.,19;3
di 78, boat*car,ig..!9 5
Susquehanna 6s, coup.. .9.8 .*
*
35
45
40
10
40
10%
40
33
Mlnehlll
41
"3
3%
5%
6>$
36%
30
44%
50%
...
Nesquehoning Valley
45
51
50
Norristown
Northern Pacific
d=>
peer
North Pennsylvania
39
Phdauelphla & Erie
Pulladeiphla* Read ng
Philadelphia* Trenton
Ph'la.Wllmlng. * Baltimore
Pittsburg Titusv. * Buff
Et. Paul & Du uth R.R.Com..
do
do
p ef.
United N. J. Companies
West Chester consol, pref....
West Jersey
40
37%
37%
15%
15%
9
4%
4%
9
547 % -28%
139
140
CANAL STOCKS.
Delaware Division.
.
17%
16%
.......
...
Pennsylvania
Schuylkill Navigation
do
1*%
17
50
52
130
Moms
do
pref
3%
7%\
4%
pref...
Susquehanna
...
.
8
5
do
2dm.6s.’8>..
do
3dm. 6s,’37..
Camden &Amboy 6s,coup,’35
do
6s, coup., ’81
do
mort. 6s, ’39
Cam. * Atl. 1st m. 7s, g., 19)3
104
100
104
109
112
1st,Ts,
V2..
10s, ’88
114
.
.
i.
..
I.;:;
I
35
...
..
Lehigh Vahey, ist,6-,cp.. 18*8
do
do reg., 1893...
do 2 1 m., 8, reg., 1910.
do
con. in., 6s,rg.,1923
do
do
63, p.,14 3
Little Schuylkill, 1st m.73,’82
North. Penn. 1st m. 8.3, cp/85.
do
21 m. 7s,cp., ’96.
do gen. m. 79, cp., 1903
do gen. m. 7s, reg., 190;
Oil Creek ist m. 7s, coup.,’8'
pittsb. Titusv. & B., 7s, cp.,’96
do
112
115
116
118
.
--10 (%
...
25
:.K: j
..
...
gen. m.
6s, 1 g., 19:0 113
6 , rg., 1905 ho5% 106
6s. cp., 1905.j 105
100
Navy Yard 6s, rg,’ali
...
,
•lndefan’».
100
100
1(8
109
114% 114%
114
115
115
115
115
117
115
117
118
110
110
120
90
94
5
99
12%
7e, l to 5 yrs..t
Dayton * Michigan stock...
do
8. p.c. st’k.gua
Little Miami stock
100
13
do
do
do
68 /82 to
’87...
6s, ’97 to ’94
,01
103
100
100%
ioii
110
101
100
4=)
60
1**2% 105
.85
104
itte
10194 102
LOO
95
100
90
1e5
102
100
16
106
90
18
20
100
105%
LOUSV1LLE.
Louisville 7s
too
1 103
+ 99%
t
99% 100%
water 6s,’87 to ’89 1
99’*.
water stock 6s,’97.1
do
99%
do
wharf 6s
...1
99%
do
ppec’l tax 65 of ’89.1 99%
Loul vllle Water 6a, Co. 19071
104fc
Jeff. M.&l.lstm. (l&M) 7b,’8%
do
2dm., 7s
K2
do
1st in., 7s, I906. ...1 111
Loulev. C.& Lex. 1st tn.7s,’97* 108
100%
100%
100%
100*
105
i'2%
112
108%
Louia.* Fr’k.,Lou1sv.ln,6d,’8
100%
Louisv. * Nashville Leb Br 6s,’86.
1 101
1(1%
st m. Leb. Br. Ex.,7s,’80-85.1 200
100%
Lou. In.
do
6s, %3. .1 100
100%
Jefferson Mad. & Ind stock.
1U3% 104
■
tP^r shire.
114
105
110
111
BONDS.
Pe n. ‘ o , 6s. reg
' j
Perklomen 1st m.6s,coup.,%/ 77
j
Phila. * Eric ist in.6s, cp.,’8l. 105%
103%
do
2d m 7s. ( p., S8
Phila.* Read. 1st m.6s, ’43-’44 103%
ST. L.OCIS.
do
d 3
’4S-.49
St. Louie 6s. lo.ig
t
do
2d in., Ts, p , f: 1.0
do
water bs, gold
t
,120 1
do
do
aeben., cp./?*"‘
do
do
new.f
j 51
do
do
do
cps.ot. 28
bridge aopr., g. 6a 1
do
do
•re
scrip, 18:i2.
01
renewal, gold, 6s.t
do
In. in. 7s, cn,1896 60
co
63
sewer, g. 6a, ’9.-2-3.1
do cons. m. ?s, cp.,191!..
3t. Louis Co. new park,g.6a.t
107% lu9
do cons. m. 7s, rg.,l9’.i..
do
cur. 7s
t
7O7%jlO0
...
110
112* 115
MISCELLANEOUS.
110%ill*%
scrip....
cons, in
cons. in.
|
'9%
109
Pa.&N.Y.C. & RR. 7s, 89j
119
1120
Pennsylv., 1st m., 6s, cp., ’80.. 104%. 105
do’
gen. m.6s,cp.,19i0 112 j
do
do
do
do
,
.104%'
103%,
74
75
50
Balt. & Ohio 6s, 1880, J.&J.... 102
103
do
6s, 1885, A.&0. .! 106
107
N. W. Va. 3d m.,guar.,’85,J*J 1105
108
Pltt8b.& Connell8V.7s,’98,J*J
{106% i07
Northern Central 6s, ’85, J*J 107%: 108%
do
68.1900, A.*O.ii04%:i06
do 6s, gld, 1900, J.&J. nil
1)3
Cen. Ohio 6s, 1st m.,’90,M.& S ; 105
W. Md. 6s. 1st m., gr.,’90,J.*J. 110
do
1st m., *.890, J. & J...
|kj3
do
2d m.,guarM J.& J— 110
do
2d m., pref
92
do 2dm.,gr. byW.Co.J&J «o7
do 6s. 3d in., guar., J.* J. 119
Mar. & Cin. 7s, ’92, F. * A
88%
do
2d, M.&N
i6%
do
8s, 3d, J.&J
14%
Union RR. 1st, guar., J. & J..
107%
do
Camon endorsed.
do
7 & 7*30s, long.1
Cin.& Cov. Bridge st’k, pref.
Cln. Ham. * D. 1st in. 7s, ’80 1
do
2d m. 7a, ’85 t
Cln. Ham. & Ind., 7s, guar...
Cln. * Indiana ist m. 7s
do
2dm. 7s, ’.7. t
Colum. & Xenia, 1st in. 7s, ’90
1
Dayton * Mich. 1st m. 7s. ’8i1
!
do
2dm.7st,K4.+
do
3d m. 7s, ’88-t
Dayton * West. 1st m., ’81. ..-*
do
1st m., 1905.1
do
1st m.fs, ’.90.
Ind. Cln. & Laf. 1st m. 7s
do
(I.&C.) lstm.7s,’8St
Little Miami 6s, ’83
A
Jtn. Ham. * Dayton stock. Columbus & Xenia stock
2d mort. 6s. 19 *0
Sun. & Miss., is m., 7 ,g.*
do
100
Pittsburg * Connell8vllle..50
no
do
chat. m„
do
new 7s 1990
108
Connecting 6s, 1900-1904
108
109
Chartlers Val., 1st m.7s,C.,l90:
Delaware mort.,6s, various..
Del. & Bound Br., 1st, 7s. 19a. 105 ll!0
East Penn, let mort. 7s, ’83
I
El.* W’msport, Ut in.,7s/80
109%. 11)
do
5s,perp ... .... 77
| 80
...
59
gj
35
Cincinnati 6s
t 100
do
7s
1 108
109
do
7*30s
1 111
do
Sooth. RR. 7*30s.-t 111% 112
do
do
6s, gold 1 10094 101
Hamilton Co., O., 6s. long.. .1
H6%
111
(53
do
Wash. Branch. 100 140
150
do
Parkersb’g Br..50
3
Northern Central
50
16% 10>4
Western Maryland
50
5
1
Central Ohio,
50 27
29
Baltimore Gas certificates...
...
72
95
Par.
Ohio
People’s Gas
CINCINNATI.
I....
Hariisburg 1st mor’ 63, ’83.
H. &B. T. 1st in. 7s, g jid, ’90
do
2d m. 7s, gold, *95
do
3d in. cons. 7s,’95*
Ithaca* Athens 1st g d, ?s.,TIunction 1st inorr. 6 >, ’82
6s,exempt,’9S.M.&S
do
1900, J.&J.;
do
1902, J. & J'
Norfolk water, 8s.
=•
102%
101%;....
conv.,
v-2
107%
113
do
21 m., Ts, cur., 1879 102
Cara. * Burlington Co. 6s/'97.
Catawlssa
76
...
RAILROAD BONDS.
Allegheny Vai., 7 3-lOs, 1895 . 112%
do
7b, E. ext., 1911
do
lnc. 7s, end..’91
'30%
Belvldere Dela. 1 st m.,6s,1902.
...
do
RAILROAD
Chesapeake & Delaware
Lehigh Navigation..
6s, exempt, 1S87
do
6s, 1890, quarterly..
do
5s, quarterly
BaRimore 6s, >881, quarterly.
do
6s, ;886, J.*J
do
6s, 189.*, quarterly...
do
Gs, park, 1890,Q.—M.
do
68, 1893, M.& S ....
RAILROAD STOCKS.
■«!
s*
mi
'7*1
Maryland 6s, defense, J.& J.. 109%
do
50% Balt.*
101% 102
11%
Pennsylvania
96%
BALTIMORE.
45%
35
pref.
Lehigh Valley
Little Schuylkill
73
..
STOCKS.7
do
pref..
ML Joy & Lancaster
rg.,’8Gj
Naviga.m.,«s, reg.,’SKjo5& 106%
103
Elmira* -Williamsport—...
do
Har. P.
99% 100%
do
mort. RR.,
rg.,’9.1100%
do m. co. v. g., r* g.,’9l 94
do mort. gold, *a7
! 96
do cons. in.7s, rg.,191!
Morris, boat loan, reg., 1885.. 1
...
do
P**ef
do
new pref.
Delaware * Bound Brook....
East Pennsylvania
.....
B.,’96.
Delaware Division 6s, cp.,’78.
j
I
'
110
lu2
.
Camden & Atlantic—.
pref
do
do
Catawlssa.
Gs P.
CANAL RONDS.
& Dela 1st 6s,
j
...
*
*
*
85
Camden City 6s, coupon ....
do
7s, reg. & coup
RAILROAD
do
119 %
'60
80
do
1st ill. 79, ’99
1107%
Western Penn. KK. Cs, p.’.899 j 99% 100
113
117
m.’,6/,g.,1905
cons
co
32
inc.&l. gr ,7s 19;5
Union & TIlusv. 1st in. 7s, ’90.
37
United N. J. cons. m. 68,’94..
Warren & F. 1st m.7s,’9-i
'87
80
West Chester cons. 7s,’9i
114
West Jersey 6s, deb., coup.,’83 90
100
do
ist m. 6s, cp.,’96. 1' 7%
112% 113
N. Jersey 6s, reg.and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Delaware 6s, coupon..
Harrisburg City 6s, coupon
105
*907...
...
•.
7s, itr.itnp., rez-,’33-36*
00
55
mort., 7s, 1892-3
do
__
do
do
00
61
1C5% 100
STATE AND CITY RONDS.
Penna.
do
do
do
do
do
59%
98
516,300
1.857.300
do
110%
3^2%
1,121,700,
10,957,800'
2,5113,700r
357,200
36,900
45,090
178,000
1,634,700
897,0W
179,900
do
Ask.
95
C.& I.deb.7s.t2
deb. 7s. cps.oC
to
19%
65
15%
i-5
.
5s, g’d, rat.,reg. or cp.
5s, cur., reg
5s
6s
6s.
6?, In. Plane, reg.,13.9
Philadelphia, 5s reg.
do
6s, old, reg ...
do 6s,n., rg., prior to’95
do 6s, 11., rg., 895* over
Allegheny County 5i, coup...
Allegheny City la, reg
Pittsburg 4s, coup., 1913.....
do
5s, reg. * cp., 191a.
581,500
607.700
Massachusetts
Worcetter* Nashua
PHI L A DELPHI A.
533,600
258,000
198,000
2,700
93
100
Old Colony
•
100%
to
Portland 8aco & Portsmouth
Pullu a Palace Car
84%
Pueblo & Ark nsaa
03% 08%
Vermont
Bid.
SECURITIES.
30%
03
Rutland, preferred
Ktc.-Continued.
PI1U.& If. cons.m.68,g.i.l9;i.
uo conv. 7s, 1893*
do
7e, coup, off, ’93
....
19%
Ogdensb. * L. Champlain ...
do
pref..
266,000
1.839.400
1,(*24,000
1,063,000
815,600
1.961.600
Ask.
97
Nashua * Lowell
New York & New England...
35%
Northern of New Hampshire 87%
119
Norwich* Worcester
777,500
59.900
092,3(H)
146.100
130,000
1,100
Bid.
1,860,2001
369.100
49.200
80,000
44,500
PHILlUEtiPHIA,
SECURITIES.
8.163.200
3,367.2(H)
2.921.500
107.200
500
5.371.100
2,180,000
2.481,WO
441.800
284,600
102.100
5,433,000
5.363.400
1,000,000
300,000
250,000
545.300
779,000
$
44,000
2,886,700
1,396,7(H)
1.299.100
748,900
756.700
335,200
13,036.100
6,959,000
2,215,000
3.176.500
300,000
750,000
500,000
583.800
3.508.200
3,022,300
538.700
2,000,000
Chase National..
805.600
2,322.000
11,086,000
10,400.100
569,300
250,000
Manuf’rs& Mer..1
100,000
Fourth National. 3,200,000
Bowery National
852.100
2.547.'. *00
1.566.200
1,963,600
2.177,090
1.388.700
3,119,000
3.437.200
4,077,100
1.374.200
2.159,000
14.717.800
10.775.800
East River
..
1,221,000
1,179.000
11.649,000
—
Central Nat
i
Second National.
Ninth National..
First National...
Third National
N. Y. Nat. Exch..
1,433.000
Circula¬
t,on*
7,560,000
4,358,000
5.234.300
4.302.100
831.200
265,000
2,051,000
249.300
242,000
197.200
365.200
1,599,4001 2,516,700
551.700
205.300
80,900!
284.200
182,000
151,000
41,000
227,000
I6,4(*0
173.100
200.800
307.300
63.900
143,400
2,904,000
.
$
5.818.800
3.650.200
300,000i
Mercantile
Pacific
8
1.200.000
1,000,000
300,000
Broadway
3
7.840.200
5.543,000
352,500 2,429,000
4(54.9001 1,159,300
498,1(M * 1,319,000
City
Tradesmen’s.—
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American EXch..
Commerce
Specie.
Net dep’tsother
Tenders, tion U.
S.
Legal
BOSTON,
[Vol. XXVIII.
j
23%!
+ And interest
105
105
106%
106%
706 %
106%
107%
106%
’
May 3,
THE CHRONICLE,
1870.]
QUOTATIONS
U. S. Bonds and active Railroad Stocks
are
OF STOCKS AND
gmted
precious
on a
|
SECURITIES.
Alabama—5s, 1883
5s, 1880
8s, 1880
8s, 1888
8s, Montg. & Eufaula It It.
8s, Ala. & Chatt. Hit
8s of 1892
8s of 1893
Class A, 2 to 5
Class B, 5s
Class C, 2 to 5
Ask.
Bid.
47
47
47
47
•
...
Louisiana—0s
48%
i
1
7
20
20
1
1
1
1
....
....
1
101%
._
.
110%
Illinois—6s, coupon, 1879...
111
101
new
8s’
8s,
1%
111
new
04,
.
floating debt
.
.
....
j
I
....
!
do
of 1875
8s; of 1910
7s, consolidated
7s, small
Michigan—0s, 1870
0s, 188 {
7s, 1890
Missouri—0s. due 1882
0s, due 1886
6s, due 1887
6s, due 18.88
Os, due 1889
...
Rapids A No..
Chesapeake A Ohio, 1st prf
do
2d pref.
do
Chicago & Alton, pref
Dubuque A Sioux City
Harlem
Louisville A Nashville
Nashville Chat. Si St. Louis
New Jersey Southern
N. Y. Elevated, ex priv —
Y. Y. New Haven A Hartf
Ohio & Mississippi pref....
Pitts. Ft. VV. Si Cnic. spec’l.
Rensselaer A Saratoga
St. Louis Alton A T. H
do
do
pref.
Terre Haute & Indianapolis
United N. J. RR. A Canal..
87
35
4%
2
do
do
53
158
105
105
108
A. A O
coup, off, J.
253
22% 1
Non-fundable
Funding act, I860
104
104
84
84
A J.
A.& O.
coup, off,
do
1868
do
do
.
j 0s,
■
....
5
class 2
class 3
0s. 1880
(is,
....
;>o
new
30%
1
Registered
160 "
15
193
161
15**
92
91
93%
139%
49
50
3d mort. .1x100
1st con., guarj
97
2d mortgage, 7s, 1879..
53d mortgage, 7s, 18853
4th mortgage, 7s, 1880 —
5th mortgage, 7s, 1888
7s, cons., gold bonds, 1920.
ex coup.,Sept.,’79 & prev
537
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
Mariposa L’d & Mining Co..
do
do
pref.
Ontario Silver Mining
llomestake Mining
Standard Cons. Gold Mining
Pullman Palace Car
38
33%
....
117%i
Belleville & So. Ill., 1st m.
& W—1st m., E.I).
29"
....
78
106% 106%
”“i
do
517
Gt.
08% 110
110
...
...
new
Lake Shore Div. bonds
do
cons, coup., 1st
do
con3. reg., 1st.,
do
cons, coup., 2d
cons. reg.. 2d
do
.
Marietta & Cin.—1st mort..
1st mort., sterling
98)*
36
s.
117
Mo.Ki T-Cons.ass..l9(
104)* 100
108
116
j119
do
4107
coup
85%
4107
2d
...
8s
90
110
coup.
4114
.»
-
Water works
86*" Augusta,
95"
90
Ga.—7s, bonds
Charleston, S. C.—Stock, 6s.
7s, F. L
Columbus, Ga.—7s, bonds..
Macon—Bonds, 7s
Memphis—Bonds, C
Bonds, A and B
Endorsed M. & C. RR
58
28
60
59*
int.,6s. accum’e
Compromise
Mobile—5s, coupons on
8s, coupons on
6s, funded
:
Montgomery—New 5s
84%
84
84 H
42
8
0s,
105
108
114
100
+ 105
new
Consolidated, 6s
Railroad-, 0s...:
108%
Newark
City—7s, long
Water, 7s, long
Oswego—7s.
Poughkeepsie—Water...
Rochester—Water, 1903.
81% Toledo—88, water, 1894..
...
.
.
102
100
+3)0
+106
+111
+101
+111
85
50
+ 103
+112
+113
+100
92
60
105
113
115
101
98
105
97
104
55
100
107
102
100
60
4*5"
60**
55
20
20
25
31
10
10
18
70
25
25
35
35
16
16
25
81
90
26
32
26
100
110
77
109
RAILROADS.
100
110
110
Ala.&Cliat.—Rec’rs ctfs.var
Atlantic & Gulf—Consol
—
..
.
•
....
....
.
j
103%|
H8%!
....
^112%
...
•
91
88
92
cp.on
....
a
85
88
98
05
87
85
75
75
....
0
98%
103%
—
...
57
100
80
98
108
+111
(+111
65**1
104% 1(4% Indianapolis—7’30s.
42
39
98%
Norfolk—0s
+110% 111% Petersburg—Os
8s
112%
+110% 111% Iiichm 0410—08
115
Savannnah—7s, old
1+112
Detroit—Water works, 7s.. +112% 114%
7s, new.
50
00
Wilin’ton,N.C.—0s, g.,
| Elizabeth City—Short
45
40
8s, gold, coup, on
Long
30
104
43
15
70
40**
New Orleans—Prem., 5s
7s, sewerage
7s, water
7s, river improvement
40
75
45
44
00
109
85
*25
72
80
25
30
24
old
Consol., end. by Savan’h..
Louis’a&Mo., lstm.,guar
102% Cent. Georgia—Cons, m., 7s
St. L. Jack. Si Chic., 1st m. 107%!
123%
115
Stock
do
1st m.,
Miss. Riv. Bridge,1st,s.f,6s 41053
1253%
Charl’te Col.A A.—Cons., 7s
111
Huds. R., 7s, 2d m., sd
+113%
Chic. Bur. & Q.—8 p.c., 1st m 112)*
'
+108
11*5
2d
Canada
mortgage, 7a
Consol, mort., 7s
81%
118)*
South., 1st, int. g.
'j'-ypg
East Tenn. & Georgia—6s
x....
+101% 105
Harlem, 1st m., 7s, coup 4124
5s, sinking fund
+110
113
E.Tenn.A Va.—6s,end.Tenn
do
1st m., 7s, reg..
Chic. Rk. I.& P.-03, cp.,1917 114?* 115
Yonkers—Water, 1903
120% X.
E. Tenn. Va. & Ga.—1st, 7s.
N. Y. Elevated—1st, 7s, 19<
114
,115
1153% 114
0s, 1917, registered
RAILROADS.
Stock
;
92 I 92A Ohio & Miss.—Consol, s. f’d 110
Keok.A Des M., 1st, g., 5s.
110
100
110
Consolidated
Atchison & P. Peak—0s, gld
Central of N. J.—1st m., ’90. 110% 110)*
Georgia RR.—7s
0s
105
94
106
2d consolidated
1st consolidated
‘.
94% Host. A N. Y. Air-Ij—1st m. 100
Stock
1st m., Springfield div
30
107
111
California Pac.—7s, gold
do
assented.
89% 89)4
Greenville & Col.—7s, 1st m.
93
100
4104
Pacific Railroads—
Convertible
6s, 2d mortgage, gold
49
52
90
90 A
7s, guar
do
Central Pacific—Gold bds. 110%
assented
Macon & Aug.—2d, endors.
98
99
61
x 01% 102
San Joaquin Branch....
55
?.ACan.So.—1st m.,g.,7s
Adjustment, 1903
100
87
Cal.
83
470
&
MempliisA
Cha’ston—1st,7s
100% [Chic. Sc East. Ill.—1st m., 0s
76)* i
Oregon, 1st
Lehigh A W. B., con., g’d..
538
do
assent’d
State Aid bonds
2d mortgage, inc., 7s.
45
2d, 7s
...
54% 54 A
Stock
64
Land grant bonds
Am. Dock & Impr. bonds,
[Chic. St. P.A M.—6s, g., new 98%
1053%
64
Western Pacific bonds.. 100
Land grant, 0s, gold..
do
assented
55% Menip. Si Lit. Rock—1st, 4s.
South. Pac. of Cal.—1st m.
97
Mississippi Cent.—1st m., 7s
Chic.Mil.ASt.P.—1st,8s,P.D 124 !124%
2d mort., ex coupons
109 i 112
2d mort., 7 3-10, P. D......
Union
Pacific—1st
853
mort..
I
116% 110%
iCin. Lafayette & Ch.—1st m
80%
11'/,.
Pin .(■ Unr
f f C £■ T
’Tu
Miss. & Tenn.—1st m., 8s, A
112
Land grants, 7s
92
1st m., 7s, $ gold, R. D.... 4110 ;no%
89
11**,
114
1st m., La C. Div
110)*i
114%
Sinking fund
100% 102%l 1st mortgage, Hs, B
114
113
1 Mobile A Ohio—Sterling, 8s
1st m., I. & M....
Registered, 8s
i+104% 100
..
108)*; ....
Pacific RR. of Mo.—1st m. 105% 100
101
1st m., I. A D.,
4105
+99
Sterling, ex cert., 0s
1st, 7s, 10 years.
105
1st m., H. & D
2d mortgage
+91
93
8s, interest
2d, 7s, 20 years..
100% 107%
2d
45
4111
50
1st m., C. A \L
mortgage, Hs.
Income, 7s
New 1st mortgage
80
106
107
1st m., Carondelet Br...
00
05
Con. sinking fund
New debentures
2d mortgage
4100
South Pac. of Mo.—1st m.
97% 97% Erie & Pittsburg—1st m., 7n 100
N. O. & Jacks.—1st m., 8s...
103
98
Kansas Pac.—1st m.,6s,’95
Con. mortgage, 7s
97
1st m..7s, I. A D. Ext
1st m.,6s,‘95,with cp.ctfs 11IF
Chic. A Northw.—Sink. f’d.. 110
Certificate, 2d mort., 8s...
7s, equipment
1st m., 6s, ’96
Interest bonds
Evansv. Si Crawfordsv.—7s.
102** 107" Nashville Chat.A St. L.—7s.
103)*
118
60
1st, 0s, Tenn. & Pac. Br...
Consol, bonds
do
with coup, ctfs 117%
Evunsv. Hen. Si Nashv.—7s,
50
108
109 i
1st m., 7s, Leav. br., 96..
Evansv. T.H. & Chic.—7s, g.
55
1st, 6s, McM.M.W.AAl.Br.
Extension bonds
i
Norfolk & Petersb;—1st, 8s.
do
with coup, ctfs
74
85" Flint & Pere M.—8s, I’d gr’t *88
95
1st mortgage
109%
1 st mortgage, 7s
113"!
Gal v. Hous.A H.—7s, gld,’71
1st rn., 7s,R.&L.G.D’d,99
82% 85
Coupon goid bonds
104
J 2d mortgagees
do
with coup, ctfs 112% 11*2% Gr’nd R.AInd.—lst,7s,l.g.gu
Registered gold bonds....
i
Iowa Midland, 1st m., 8s.. 4108" 112%;
Northeast.,
S. C.—1st in., 8s.
1st in., 7s, land gr’t, ’80..
89
1st, 7s, Id. gr., not guar...
1
2d mortgage, 8s
100 I
Galena A Chicago, exten. 4105
do
with coup, ctfs lilT
00
1st, ex land grant, 7s
118%j
2d mort., ’86
102 j Orange & Alex’a— lsts, 6s..
Grand River Val.—8s, 1st m +100
Peninsula, 1st m.,conv... 105
Chic. & Milwaukee, 1st m. 4116% 120
81
do
with coup, ctfs 489"
97" lIous.& Gt.N.—1st,7s,g. ‘
2dg, 0s
3d s, 8s
1 IIous. & Tex. C.—1st, 7s,
Winona & St. P., 1 st m
Inc. coup. No. 11 on 1916
70
100%
gld 1053% 105 j
75
do
2dm....
70
99
Inc. coup. No. 16 on 1916
i Western Div
98
4ths, 8s
100% x....
C. C. C. A Ind’s—1st, 7s, s. f. 114
Rich.A Dan.—1st consol., 6s
x....
Den. Div. Tr. rec’ts ass.
112
98
100
j Waco..
8outliw.
102
Consol, mortgage
95
Ga.—Conv., 7s, ’86.
Consol, bonds
Pennsylvania PR¬
92%
Del. Lack. A West.—2d m.. 104% 105%
Stock
'—
120
IMUS. Ft. W. A Chic., 1st m. 124
75
70
Indianapolis Si St.L.—1st, 7s
S. Carolina RR.—1st ni., 7s
107
123
do
do
2d m..
i
90
96
7s, convertible
109 A
do
do
3d rn.. 115
81
7s, 1902, non-enjoined
j International (Tex.)—1st, 7s
Mortgage 7s, 1907
Cleve.& Pitts., consol., s.f. 4x.... 116
25
7s, non mortgage
Syr. Bil ?h. A N. Y., 1st, 7s 104%
jlnt. H. Sc Gt. No.—Conv., 8s
Savan’h
& Char.—1st m., 7s.
Morris A Essex, 1st m
xl20
101
109
do
4th mort... 4
+10S
'
i
jJack.L.AS.—8s, 1st,“white” +108
Cha’ston.& Sav., 0s, end..
do
2d mort...
70
Col. Chic. & I. C., 1st con.,
111%
Long Island—1st mortgage.' 105 i 106%
70%)
1
85
do
24
20
West. Ala.—1st mort., 8s...
do
do
2d con..
mtclair AG.L.—1st, 7s, n.
20 | 30
b’nds, 1900
j
2d mort.. 8s. guar
do
construct’n
40
do Tr’t Co.ctfs.1st con
39
86%
01% 05 ! N. J. Midland—1st, 7s, gold.
PAST-DUE COUPONS.
do
7s of 1871. 4105
6
Rome Wat. Sc Og.—Con. 1st.
31
(
4
2d inert....
1
do
1st con.,g’d..
Y.
13
14
112
& Osw. Midl’d—1st irf.
Tennesssee State coupons.
97%
1
Del. A Hud.Canal—1st m.,’84
x 84
35 j 45
1
South
Carolina consol
Receiver’s certif’s, labor.
84%
1st mortgage, 1891
Arkansas Br., 1st mort...
35 j
do
other.
100%
Virginia coupons
.
84
j^0W 3s
Nashville^6s,
CITIES.
'{Albany, N. Y.—6s, long
{Buffalo—Water, long...
88
108
104
104
x
miscellaneous List,
(Brokers' Quotations.)
..
40
107%
INCOME IJON 1)8.
...
2d mortgage, inc., 1911
H. & Cent. Mo., 1st., 1890. xlOl
ex
1900, registered
111%
110% 111
100% x
106%!
64%
29%
107
Central of N. J., 1908
Leh. Sc Wilkes B. Coal, 1888
St.L.I.M.AS.,1st 7s,pref.int.
118% 119
118
111
CITIES.
Atlanta, Ga.—7s..
75%
’88...
2dm.,’93
do
Southern Securities.
(Broker*' Quopitions.)
STATES.
So.Carolina—Con., 6s (good)
107% 108%;
Rejected (best sort)
....!
Texas—0s, 1892
M.AS.
953% 93%
7s,
gold, 1892-1910 ..J.& J.
108
7s,
gold,
190*1
J.AJ.
80
x
10s, pension, 1894.. .J.A J.
00
86
excp.
j West. Un. Tel.-1900,
4107
f.
Consol., 7s, 19053
N. Y. Central—6s, 1883
6s, 1887
6s, real estate
6s, subscription
116
57%
25
—
104% 104%
xll5 ,115%
8s, 1882,
Equipment bonds
50%
41%
'7%
25*
do
do ex cp.
Illinois & So. Ia., 1st m
do
1st m., ex coup
112
1153
do
101%
100%
x
coupon
m.,
Quincy & Tol., 1st m.,’90..
103%
do
ex
Western, 1st
do
do
do
108%
..
....
Equipment bonds
Consol, convertible
bonds.
new
1st mort.,
....
45
39**; 39%
32)*!
Louisv.A Nash.—Cons.m.,7s
2d mort., 7s, gold
29% 30
Nashv. Sc Decatur, 1st, 7s.
30
38
Bost. H. & Erie—1st m
40
1st mort., guar
4515
Bur. Ced.R. & North.—1st,5s
78%; 79
Minn. A St. L., 1st, 7s, guar 4101
103}*
Consol., 7s, 1910
Pur. Com. rec’pts, 1st,E.I)
do
1st, W. D.
99
Det.Mon.AT., 1st, 7s,’1906
....
2d mortgage, 1886..
109
Buffalo Sc Erie, new bds...
Buffalo Sc State Line, 7s.. 4104
Kal’zoo Sc W. Pigeon, 1st.
1535"
....
74 A
Cleve. P’ville St Ash., old.
2d mortgage, guar
Sand. Mans. Sc Newark—7s..
South Side (L. I.)—1st mort
South Minn.—1st m.,,7s, ’88.
1st mortgage, 7s (pink)
Tol. Can. S.A Det.—1st, 7s, g
Union Sc Logansport—7s
Union Pac., So. Jir.—6s,gld.
mortgage, W. I)
Burlington Div
do
Bur. Div.
1st pref. inc. for 2d mort.
1st inc, for consol
Tol.Si Wabash.—1st m., ext.
1st in., ext’d, ex coupon..
1st in., St. L. div
do
ex mat. coup
2d mortgage
do
ext’d, ex coup
117
x
50
106
1st
i
117
74%
income
j Tol. Poo.
jllo ;
111% 112 !
m..
Mich S. Sc N. Ind., s. f., 7s.
Cleve. Si Tol., sink. fund.
do
Railroad Bonds.
Stock Exchange Prices.
Chesap.A O.—Pur. m’y fund
03, gold, series B, int. def.
0s, currency, int. deferred
Chicago & Alton—1st mort
do
|
99
113
2d mortgage
100%
14% 14% Lake Shore—
Atlantic & Pacific Tel
American District Tel
Gold A Stock Telegraph....
Canton Co., Baltimore
American Coal
Consolidation Coal of Md..
Cumberland Coal & Iron....
!
103
|103%
107% 108 |
1053% 103%
Long Dock bonds
Bull. N. Y.A E, 1st m., 1916
N. Y.L.E. A W.,n.2d,con.,6s
do 1st, con., f, cp.,7s
do 2d,con.,f.cp.,5s,0s
Ilan. & St. Jos.—8s, conv
Ill.Cent.—Dub. ASioux C.lst
Dub. A Sioux C., 2d div.
Cedar F. Si Minn., 1st m..
Indianap. Bl. Sc W.— 1st
100
Wells, Fargo & Co
Quicksilver
do
pref
2
80
32
532
353
534
.34
78
Small
....
•
....
...
...
20
100
30
110
75
90
60
90
95
99
37
114
102
85
....
38
95
93
77
5
39
100
99
111
83)
72
72
60
12
79
27
109
100
98%
60
102
40
112
80
95
65
IOO
99%
40
118
105
88
90
42
100
97
80
7
41
105
101
112
90
80
80
70
15
80
30
111
102
....
....
103"
100
93
110
95
91
8-4
44
1*%
87
105
83
97%
35
....
114
100
86
47
14
3)0
110
90
3)9
40
25
,
....
“
.
do
extended
*
..
Prices nominal.
^
„
T
35%
series
Virgina—0s, old
f
.
MISCELLANEOUS
I)env.& R. Grande—1st,1900 x 91}*!
Erie—1st inert., extended.. xll7 i 120%;
WA
*
new
6s, new, I860
0s, new, 1867
0s, consol, bonds
0s, ex matured coupon
6s, nonsol., 2d series
0s, deferred
D. of Columbia—3‘65s, 1924.
9
1
1
1
101
110
jOhio—0s, 1881
i
bt.
Ask.
1%
;Tennessee—0s, old
.
8%
13%
13%
Special tax, class 1
Rens.&Saratoga, 1st,coup 4x— 122
do
1st, reg.!x ....'122
101
108%
,
Income
Sinking fund
Joliet A Chicago, 1st m..
April & Oct
Land Com., 1889, J. & J...
do
1889, A.AO...
7s of 1888
.
St’ks,
Adams Express
American Express
United States Express
j
1
....
STOCKS
AND
BONOS.
Cairo Ark. Si T., 1st mort.
99)* 1UU i
....| ....i Peoria Pekin & .J.—1st m...
Reg. 7s,’94
| 99 j ....! St.L. K.C Si N.-R. E.A R.,7s 102% 102%! St.L. A San F.—2d m.,class A
1st Pa. div.,coup., 7s, 1917, 103
Omaha Div., 1st mort., 7Sj
2d mortgage, class B
..
103
do
North Missouri, 1st m., 7si 113A
reg., 7s, 1917
102)*! ....!
do
class C
Albany Si Susqueh., 1st m.'4112)* 110 I St. L. Alton Si T. H.-lst m.%112
115
St.L.A S.E.—Cons., 7s, g.,’94
do
2d mort..I
2d mortgage, pref
84
85-il06%:
St.L.VandaliaA T.H.—lWt in
Bong Island
Miscellaneous
110
22%
22%
Newr bonds, J. Si J
do
A.Si O
Chatham RR
110
112
1 12
114
104%
Hannibal <fc St. Jo., 1880..
110
25
10
10
10
10
10
10
Funding act, I860
8.
103%
104%
105%
105%
‘90
AND
do
do
do
....
Del.A H. Can.—Coup., 7s,"94
Railroad Stocks.
(Active preciously quoted.)
Burl. Cedar
20
51
50
Bid.
i
Carolina—0s, old,JAJ
0s, old, A.& O
No. Car. RR,, J. & J
101
105
110
103
’853
1893
North
50%
Asylum or Univ., due ’92.
Funding, 1894-95
RAILROAD
Albany A Susquehanna
or
....
do
Securities.
Rhode Island—Gs,coup.’953-0
South Carolina—6s
I Jan. & July
;
....
530
30
or
Ask.
York—0s, gold, reg.,’87 i
0s, gold, coup., 1887
! 107
6s, loan, 1883
0s, do 1891
i
0s, do 1892.....
.Yew
6s,
do
Bid.
Missouri—Han.& St. Jo.,’87. 1 104%
510
510
7s, penitentiary
0s, levee
72
52
5
Connecticut—Os..
6s,
par may
'
SECURITIES.
102
102
530
so
Kentucky—0 s
.
K<»N1»S.
Ask.j
Bid.
Illinois—War loan
47%
Arkansas—0s, funded
7s, Ij. Rock Sc Ft. Scott iss.
7s, Mernp. & L. Rock RR .
7s, L. R P. B. & N. O. RR.
7s, Miss. O. & R. R. RR...
7s, Arkansas Central RR.
Georgia—6s
7s, new
7s, endorsed
7s, gold
SECURITIES.
BONDS IN NEW YORK.
Prices represent the per cent value, whatever the
page.
STATE
449
Cairo Si Fulton. 1st mort.
+ And accrued interest.
94
4 No i»rice to-day; these are
f
97
do
consol, coupons...
latest quotations made this week.
45**
50“
110
110
114
114
12
20
40
20
80%
82
450
THE CHRONICLE.
NEW YORK
LOCAL
SECURITIES.
Bank Stock List.
COMPANIES.
Capital.
Surplus
in
Mark’d thus (*]
are n/)t Nat’l.
>i»-r
fi IE*:.
Par
Amount
100 3,000,000 1.324,100
Am. Exchange 100 5,000,000
1,230.200
100
Bowery
250,000
188.50
25 1,000,000 1,177.4 0
.Broadway
Butchers* & Dr. 25 300.000
as,400
Central
100 2,000,000
334.0OU
Chase
100
300,000
20,200
Chatham
25
450,000
155.700
Chemical
100
300,000 3,178,400
Citizens’
25
600.000
158,6 M)
100 1,000,000 1,405.000
Commerce
100 .000,000 2,541,200
CoBtla.°ntal
100 1,000,000
103,200
Corn Exch’ge*. 100 1,000,000
813,700
East River....
25
250,000
01,100
25
100
100
100
100
30
Gallatin....
50
German Am.*. 100
German Exch.* 100
Germania*
100
Greenwich*.... 25
Irving
50
..
.
Island City*... fO
Leather Manuf. 100
Manhattan*
50
Manuf. & Mer.* 20
Marine
100
Market
100
Mechanics’.....
n
Mech. Assoc’n.
Mech’ics & Tr.
Mercantile
Merchants’.
Merchants’ Ex.
Metropolis4.
Metropolitan
.
3,200,000
600,000
2,050,000 1,017,500
100,000
400,000
500,000
25 2,000,000
50
500,000
25, 300,000
100 1,000,000
50 2,000,000
50 1,000.000
100
300,000
100 3,000,000
Murray liill*.. 100
100,000
Nassau*
100 1,000,000
New Ycr«
100 2,000.000
N. Y. County.. 100
200.000
N. Y. N. Exch. 100
300,000
Ninth
100
750,000
No. America4.. 70
700,000
North River*.
50
240,000
Oriental*
25
300.000
Pac flc*
50
422,700
Park
100 2,000,000
People’s*
25
412,500
Phenlx..^
20 1.000,000
Republic
Nicholas...
100|
M.&N.
Last Paid.
Bid.
Ask.
5**
1.000
78.900
268,500
927.900
70,300
93,900
202,700
219,100
3M00
745,400
78,100
5i
6
•
•
•
Jan.,
Mar.,
100
8
id
6*4
3*4
io
98
93
115
6
12
Q-J.
J. & J.
M.&N.
A. & O.
F.& A.
10
7
•
•
•
Atlantic
3
.TO.’ig
Bowery
Broadway
Brooklyn
Citizens’.
0
6
M.&N.
7
r
J. & J.
I. & J.
J. & J.
f
J. & J.
J & J
F.& A
J. & J.
J. & J.
J. & J.
J & J
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
J. & J.
J. & J.
.
....
....
7*4
9
2*6
7*.
0
7%
6*6
...
10
< 9,800
J.
70.200 F.
38,400 J.
.
7*4
.
8
8
3
6
.
58,300 J
78,200 J.
160,800 J.
J.
210,0 )t. Q-F.
.
226,300 J & J.
131.000 J. & J
141,100 J. & J.
.
.
12
5
7
8
8
0
J
J.
A.
J
J
J.
Jan
»
n o
*
io
11
12
Jan
70,600 I. & J.
221,600 J. & J.
42.300 J. & J
lSJ.f‘00 M.&.N.
33.200 1. & J.
249.500 I. & J.
6
10
0
93,400 1.
4
4
3
3
0*4
6*4
....
3
10
10
7
7
3
3
9
10
6
7
3
4
8
8
& J.
'
-
3
100
3*4
3
3U
3
Aug.
July,
Jan.,
Jan.,
Jan.,
4
3
’77. 2*4
’78. 3
’79. 4
’79.
’79.
’79.
’78.
’79.
*79.
’79.
3**
3
3*4
4
4
...
...
5 The figures in this column are of
date April 4,1879, for the
of date Mch.
National banks, and
15,1819, for the State banks.
Companies.
Par.
Brooklyn Gas Light Co
Co (Bklyn)
do
j
25
20
Citizens’Gas
eertiiicates
Harlem
1,000
50
20
50
100
Y >r.
100
Jersey City & Hoboken
Manhattan
tl
Metropolitan
do
certificates
Mutual, N. Y
do
bonds
Nassau, Brooklyn
do
scrip
New York
do
do
bonds
do
certificates.
Central of New York
Williamsburg
do
Var.
Var.
2,000,000
1,200,000
320,000
1,850 000
750,000
4,000.000
2,500,000
1,000,000
Rate.
5
3
A. & O.
Date.
3*4 Apl.,
Feb.,
7*4 Jan.,
5
Feb.,
5
Feb.,
3*4 Feb.,
1*4 Apl.,
F.&A.
3
J. & J.
J. & J.
M.& S.
M. & S.
scrip
Metropolitan, Brooklyn
Municipal
5,000,000 Quar.
1,000 1,000,000 F.& A. 3*4g Feb.,
25 1,000,000
Var
3
Jan.,
Ya
700,000 M.&N. 3*4 May,
100 4,000.000 M.&N. 4
May,
10 1,000,000 J. & J.
3*4 Jau.,
1,000
M.&N.
325,000
3*4
Var.
300,000 J. & J. 3*4 Jan
50
400,000 F.& A. 3
Feb.,
50 1,000,000
Quar, 2
Yar. 1,000,000 J. & J. 314 Jan.,
Jan.,
100 1,000,000 M. &N.
2*4 N<'V.t
100 1,500,000
3
Feb.,
’79
’78
’79
’79
’79
’79
’79.
Sterling
Stuyvesant
Tradesmen’s....
,
138
75
95
40
140
180
115
100
66
100
70
90
142
80
102
50
150
185
122
102
75
101
77
96
101
30
’79
’79
’79
’79 x98
’70
...
’79
’79
’79
’79
’78
’79
25
90
70
00
75
85
60
110
96*4
80
70
85
95
65
120
,
[Quotations by H. L. Grant,
Broker, 145 Broadway.]
BLeecker St.dk Fulton terry—stk.
1st mortgage
rl.!
Broadway db Seventh Are—stk..
1st mortgage
Brooklyn Oily—Btock
1st mortgage
100
1,000
100
1,000
10
..
Broadway (Brooklyn)— stock...
1,000
100
100
Brooklyn xfe Hunter's Ft—stock.
1st mortgage bonds
1,000
Bushwick Av. (fTklyn)—stock.
100
central Fk., A’.tfc E. Hirer—stk.
100
Consolidated mortgage bon s
1,000
Dry Dock, E. B. t* Battery— stk.
100
1st mortgage, conn'd
500&C
Eighth Avenue—stock
100
1st mortgage
1,000
2d St. dt Grand St terry— stock
100
1st mortgage
Central Cross ’town- 6toek.
1st mortgage
Houston. West st.tkPav.F'y—slte
1st mortgage
Second Avenue.—stock.
1,000
100
...
3d mortgage
Cons. Convertible
Extension
ftzlh Avenue- stock..
1st
mortgage
third Arenue.—stock
1st mortgage
Iwentu-'Fnrn Street—sIock...
1st mortgage
1,000
100
500
100
1,500,000 J.&D.
2,000,000 Q-F.
300,000 M.&N.
200,000 Q-J.
400,000 A.&O.
300.000 J & 0
500,000
1,800,000 J. & J.
.
1,200,000
1,200.000
.
J.&D
Q-F.
900.000 J.&D
1.000.000
J
& J
203.000 J. & J.
.
.
748.000 M.&N.
236,000 A.&O.
600.000
200,000 M.&N.
250,000
500.000 J. & J.
1,199,500 Q.—F.
1,000
150.000 A.&O.
1.000 1,050,000 M.&N.
500&C.
200,000 A.& O.
J00
750,000 M.&N.
1,000
415,000 I. & J.
100
2 000 000
1,000
•.;ooo;ooo
100
l.ono
•This column shows last dividend
2,100,000 Q-J.
on
600,000
O—F
J. & J.'
J & J.
250.000 >(>’■:
3*4 Jan., *79
7
2
7
J’lv,196/0
10
85
60
Apr.. ’79
June, ’84 100
3*4 Mar, ’79 130
7
Nov., ’80 102
3
Apr., ’79 135
3
Oct.. ’76 90
7
1888
100
85
35
90
85
3
Jan.
7
2
Dar.1902
7
6
7
6
7
June,’93 102
7
’79
May. ’79
Jan.. ”"9 100
Jan., ’84 100
May, ’78 130
Apr., ’93 105
Nov.1904
7
2
7
7
7
5
7
July, ’94
5
Foh
>7a'
July,’
’90
'7
4
7
United States..
Westchester...
Willlamsh’g C
Apr., ”18
Apr
,
’85
May, *88
Sept.,’83
May. ’77
*
Over all
25
25
25
10
50
200,000
200,010
95
10
80
30
85
7)
70
75
July, ’90 105
20
90
65
101
140
110
150
100
102
90
42
95
88
105
i
10
137
115
40
100
20
80
32*4
90
75
75
85
115
11 u
IOC;
95
Feb..’79 95
vt-v. ’93 TOO
100
100
103
stocks, but the date of maturity of bond*.
200,000
200,000
300,000
200,000
200,000
300,000
250,000
300,600
50
.
75
Dec.. ’78.10
F-b., Tq.io
Jan.. ’79.10
•L’*"-. ’79.10
Feb.. ’79. 5
Jan.. ’79. 0
July, ’77. 5
Jao., ’77. 5
•Tan., ’79.10
Jan., ’79.6-83
Apl., ’79.10
’an., ’79. 5
Feb., ’79. 5
Jan., ’79.
Jan., »7w
N’ne July.
’77. 5
11
Jau., '79. 0
102,001!
10
22
10
30
7
}£*4
10
10
=
Jan!," ’79." *5
Jan., ’79. 7
.Jan.. ’79.
Jan., ’79.
■an., ’79.
Jan. ’79.
•Tan.. ’79.
Jan., ’79.
195
200
180
180
115
120
50
70
135
170
202
210
125
*55
140
175
200
105
105
123
100
105
50
105
100
135
175
140
180
107
5
7*?
3^
7*4
270
05
5
5
10
Jan., ’79. 5
10
Jan., ’79. 3*.
10
Jan., ’7y 5
10
Jan., ’79. 5
10
Jan., ’79. 5
10
8ept. ’78 5
20
Jan., ’79.10
Jau , ’79. 5
5
10
Jai., ’79 8
10
Jan., *79. 5
10
Jan., ’79. 5
16
- Jan.,
’79. 8
10
Jan., ’79. 5
12
Jan., ’79. 0
112
10
.Jan., ’79. 5
100
20
Jan., ’79.10
105
20
Jao., ’79.10
80
10
jan., ’79. 5
140
16
Jan., ’79. 8
110
12
.Jan.,' ’79. 5
185
20
Jan., ’79.10
105
10
Jan., ’79. 5
20
190
Ja
’79.10
14
Feb..’79. 7
N’ne
N’ne Jan., ’79. 5
11
Jan.. ’79. 0
10
Apl., ’79. 4
30
Jan., ’79.10
12
Jan., ’79. 6
20
Jan.. ’79.10
12
Jan., ’79. 6
15
Jan., ’79 5
\’ne Jan., ’77.
3%
10
Jan., ’79. 5
5
Jan., ’79. 5
10
Jan., ’79. 5
20
Jan., ’79 10
16
Jao., ’79 8
9
Fe».,’79 5
0-23 Jan , ’79.6-23
12*6 Jan., ’79. 0 109
10
85
Aug., ’78. 5
14
Ja ., ’79. 5
10
ios
Jan., ’79. 5
12
Jan., ’79. 6 125
10
Feb., ’79. 5 105
20
Jau., ’79.10 198
92*6
125
105
105
80
82
150
90
153
87*6
120
85
170
..
39,020
175 011
171,318
49,231
144,517
J 81,302
231.331
175,619
250,000
Bid.
5
’79. 7
Jan., ’79. 5
Jan., ’7'» 4
July. ’7h. 5
450,317
130
05
112
i20
120
170
112
80
128
95
115
135
110
.
liabilities, including re-lnsurance, capital and scrip,
scrip.
t Inclusive of
City Securities.
[Quotations by Daniel A. Moran, Broker, 40 Wall
Street.]
Interest.
Rate.
NtW
Pbioe.
Bonds
Months Payable.
due.
Bid. Ask
York:
Water stock
1841-63.
do
1854-57.
Croton water stock.. 1845-51.
do
do
..1S52-60.
Feb., May Aug.& Nov. 1878-1880
do
do
do
do
Croton Aqued’ctstock.1865.
do
pipes and mains...
do
do
do
do
do
May & November.
repervoir bonds
do
do
do
do
May & November.
U75.
Market stock
1865-68.
Improvement stock.... 1869
do
co
....1869.
Consolidated bonds
var.
Street Imp. stock
var.
do
do
var.
New Consolidated
Westchester County
—
May & November,
do
do
do
do
do
do
-
do
do
do
do
January & July,
do
....
do
100
1878-1879 100
Feb.,May, Aug.& Nov.
Central Paik bonds. .1853-57.
do
no
..1853-65.
Dock bonds
1870.
do
*
900,000 J. & J.
694,000 J. & J.
25
50
100
.
Jan., ’79
Jan., ’79
Jan
.
Standard
Star
Bid. Ask.
*
.
People’s (Brooklyn)
do
Amount. Period.
178,380
150,018
11,120
July, ’78.
121,004
50
200,000
101.007
Firemen’s
17
204,000
85,825
Firemen’s Fund 10
150,000
10
Firemen’s Tr
150,000
80,018;
Franklir&Emp 100
200,000
130,330/
German-Amer. 100
1,000,000 815,049
Germania
50
500,000
754,424
50
Globe
200,000 127,110
Greenwich
25
200.000
344,301
Guardian
100
200,000
35,343
Hamilton
15
150,000 124,537
Hanover
50
500,000
085,899
50
Hoffman
200,000
78,847
Home
100
3,000,000 1,303.4>“9
25
Hope
1-0.000
15,909
Howard
50
500,000 200,009
Importers’# T.. 50
200,000
111,928
100
Irving
200,000
32,908
Jefferson
30
200,010 1314,003
Kings Co.(Bkn) 20
150,000
199,901
Knickerbocker 40
280,000
27,884
Lafayette(Bkn) 50
150.000
150,5*7
100
Lamar..
200,000 110.473
Lenox
25
150,000
55,005
Long Isl.(Bkn.) 50
200,000 281,942
Lorillard
25
300,000
71,541
Manuf.# Build. 100
200.000 202,281
Manhattan
100
250,000 241,421
Mech.&Trad’rR’ 25
200,000 281,037
Mech’ics’fBku) 50
150,000
180,569
Mercantile..
50
200,000
51,386
Merchants’
50
200,000 200,979
Montauk (Bkn) 50
200,000 114,189
Nassau (Bklyn) 50
200,000
174,081
National
124.331
200,000
N. Y. Equit
35
210,000 324,202
New York Fire 100
200,000
100,005
N-. Y. & Boston 100
200,000
24,571
New York City 100
800,06/0
55,001
50
Niagara
500,000 455,0)2
North River...
25
350,000 112,717
25
Pacific
200,000 420,132
Park
100
200 000
103,552
20
Peter Cooper...
150,000 200.474
50
150.000
People’s
108,104
Phenix (Bklyn/ 50
1 000,000
731,322
Produce Exch. 100
200,000
50
Relief
200,000
59,449
100
300,000
34,073
Republic
100
Ridgewood
200,000
71,994
25
200,000
Rutgers’
205,204
100
200.000
Safeguard
103,095
St.Nicholas
Gas and City Railroad Stocks
and Bonds.
[Gas Quotations by George H.
Prentiss, Broker, 24 Broad Street.]
Gab
210.000
250,000
300,000
200,000
200,000
Price.
Last Laid.
July. ’78. 8*4
....
2*4
Feb.,’79.
May,
Jan.,
714 Jan.,
10
May,
8
Jan.,
9
75
314
,
0
123*4
4
,
1870. 1877. 1878.
..
2*4
lulv. ’74
666,300 M.&N
78*4
,
’79.
May, ’79.
jan., ’79.
Jan., ’79.
Jan
’79.
10
0
8
0
!
50 10(1 J. & J.
77H
./an., ’79. 0
9
284.700 F.& A.
114.700 F.& A.
40
Eagle
Empire City.... 100
30
Exchange
Farragut
3
5
0
3
Dividends.
170,523
1,000,000 1,038,423(
300,000 514.S53i
Continental.... 100
3*4
Nov., ’78.
•Ian., ’79.
Jan., ’79.
Feb.,’79.
Jan., ’77.
July, ’77.
Ja»., ’79.
100
50
25
25
17
20
70
...
Jan., ’77. 3
*79. 3*4
Jan., ’79. 7'
Jan., ’79. 4
Jan., ’78. 3
•Jan., *79. 4
Feb., ’79. 3*4
July, ’75. 3*4
Jan., ’70. 5
100
7
Jan., *79. 3*4
8
Jan., ’79. 4
2
May, ’79. 2
Nov., ’77. 3*4
6
May, ’79. 3
6*4 Jan.,’79. 3*4
Jan., ’79. 2
Jan., ’79.
io Jan., ’79. 3*4
4
7
14
8
3
11
3
.
Jan. 1,
1879.*
200,000
7,107
200,000
21
400,000 1494,548
200,000
09,251
200,000
1,442
200,000
87,545
300,000 410,507
200,000 303,041
153.000
203,041
300,000 503,769
Clinton
Columbia
30
Commerce Fire 100
Commercial
50
*
0*6
.
&
&
&
&
&
&
&
0
12
8
.
,200 M.&N.
.
5
3
7
14
8
.
Apl., ’79.
Feb., ’74.
May, ’79.
May, ’77.
Nov.,'78.
....
City
95
Apl., '79. 5
400
Jan., *79 3
100
May, ’79. 3*2
•
May.
May.
T. & J
12
6
10
7
0*6
25
100
Amity
Surplus,
Amount
American
50
American Exch 100
....
ni«
100 1,500,00 100
500,C00
Seventh Aard. 100
300,000
Second
100
300,000
Tlioe & Leather 100
500.000
Sixth
100
200,000
State of N. Y. 100
800.000
Third
100 l.co >000
Tradesmen’s.. 40 1,000,1 >00
Union
'50 1,200,000
West Side*.... 100
200,000
St.
Adriatic
/Etna
3
May, ’79; 5
Jan., ’79. 4 121*4
Jan., ’73. 3
Feb., ’79. 5
132
.Jan., ’79. 3*4
July, ’70. 3
Jan., ’79. 3
•
10
’79
104
Jan., ’79.
0
10
10
0
120
103
Jan.,
Jan.,
Jan., ’79. 3^
•
m
.
654,<00 J
195,000
•
4
3
5
3
»79, 3
May, ’79;
Jan., *79^
7
9
100
Rl-m’ly
.
004.701
•
•
J.& J.
Jan., *79
Net
Capital.
Companies.
Par
8
0
11
16
12
10
8
8
•
805,500
411.400
646,400
42,K)0
1,000,000
750,000
200,000
55,400
200,000
55,900
200,000
20,800
ICO, 000
15,200
300,000
1,000,000 177,400
1,500.000 1,786,200
500,000 119,210
5,800
100,000
600,000 425,91/0
..
Produce*
8
J. & J.
1. & J.
J. & J
J. & J.
100,000
150,000
100,000
105,100
500,000 1,339,100
..
Grand Central* 25
Grocers*
40
Hanover
100
Imp.* Traders’ 100
J. & J.
J. & J.
M.#N.
J. & J.
J. & J.
F.&A.
J & J.
7,000 J. # ,T
39,10 J. & J.
....
t!
Period 1OT7. 1878.
America4
11th Ward4....
Fifth
.......
Fifth Avenue*.
First
Fourth
Fulton
Prtcb.
(
£lty
sti;
Dividends.
Insurance Stock List.
[Quotations by K. S. Bailey, broker,7 Pine
street.]
imtJHi
dates. 5
[Vol. XXVIII.
1890
102
1883-1890 103
1884-1911 104
1884-1900 110
1907-1911 107
1878-1898 101
1877-1895 100
1901
118
1898
107
1894-189? 118
1889
105
1879-1890 102
1901
111
1888
102*4
1879-1882* 102
1890
• 111
100
1894
102
102
103
100
IOS
119
109
108
107
119
109
119
100
114
112
105
105
112
107
*
[Quotations by N. T. Beers, Jr., Broker, 1 New
st.]
Brooklyn— Local impr’ern’t.—
City bonds
do
Park bonds
Water loan bonds
Bridge bonds...
Waier loan
City oonas
Kings Co. bonds
do
do
Park bonds
Bridge
•All BroOKlyn bonds fiat.
7
7
7
7
7
6
6
7
6
Ja mary & July,
do
io
do
do
do
do
do
do
ao
do
do
do
May & November.
do
January
do
do
&
July.
ao
103
1879-1880 !01
111
1881-1895 102
1915-1924 121*4 124
1903
1915
1902-1903
1881-1895
1880-18X3
119*4 122
120
111
104
103
1880-1885:102
1924
111
| 1907-1910jlll
123
113
109
108
106
114
113
[Quotations by C. Zabrisktb, 41 Montgomery fet.,
jersey City.]
Jersey (Juy—
Watei loan, long
do
Sewerage bonds
1869-71
1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds
1868-69.
January # July.
January # Juiy.
1895
97
1899 1902 102
do
1878-1879 97
Jan., May, July & Nov. 1878-7879 97
J. # J. and J & D.
189' 94
97
January and July.
1900
97
do
101
104
100
1 0
100
100
Mat 3,
451
THE CHRONICLE.
1879.]
1st, and the last section, 26/4 miles,
%wazstmmt$
on
December 2d, 1878; it ier
operated
as part of our line and its earnings and expenses are
included in our reports.
“
In view of the present low cost of construction and of the
AND
advantages to be gained by extension, it is earnestly recom¬
mended that the road be completed to the western boundary of
the State during the year 1879..”
The Investors’ Supplement is published on the last Saturday
FLOATING ASSETS AND LIABILITIES.
of each month, and furnished to all regular subscribers of the
1878.
1877.
Floating Assets:
Chronicle.
No single copies of the Supplement are sold at the
Due from other companies; ticket and car mileage bal
$3,056
$622
office, as only a sufficient number is printed to supply regular Uncollected freight
6,717
accounts; station balances, &c. 5,038
STATE, CITY AND CORPORATION FINANCES.
subscribers.
One number of the Supplement, however, is bound
Review (Annual), and can be purchased
up with The Financial
in that shape.
REPORTS.
$87,430
$122,053
balan’s, &c $4,141
16,574
14,327
$5,603
Capital stock S. M. R.R. Extension Co/
Supplies and materials on hand
Cash
ANNUAL
35,319
16,682
35,000
27,376
33,219
Miscellaneous accounts; P.O.Dept., Am. Ex. Co., &c
on
41,793
hand
Total
Floating Liabilities:
Southern Minnesota.
(For the year ending Dec. 31, 1878.)
report has the following: The earnings and
The annual
Due to other co’s; ticket and car mileage
Due to employes, (December pay-rolls)
Due for supplies, &c.; current vouchers.
Miscellaneous accounts
Taxes, (3 per cent gross earnings)
21,919
14,395
11,715
12,722
19,291
58,324
$87,430
$122,053
year ending December 31, 1878.)
This road is leased to the Delaware Lackawanna
& Western
9,855
20,611
Balance
expenses were—
EARNINGS.
Total
From—
From—
$497,9*3
Freight traffic
Passenger traffic
115,096
11,310
Express
Mails.
Miscellaneous
(For the
6,332
sources..
$643,036
8,138
OPERATING EXPENSES
Morris & Essex.
$4,204
Telegraph
4,656
Company. The following figures are from the report to ther
(INCLUDING RENEWALS, IMPROVEMENTS AND TAXES)
Comptroller of New Jersey.
For—
The only change in the stock and debt at the close of the last
Maintenance of way
$23,159
.$104,888 two years was an increase of $177,000 of bonds in 1878.
Maintenance of build’gs
13,069
9,132
For—
Salaries
General expenses
..
Claims and damages....
Station expenses
Train expenses
Maintenance of inach’ry
Maintenance of cars
And the net earnings have
...
2,123
25,732
83,811
19,623
Maintenance of fences
Taxes
Telegraph
22,518
been
..
331,884
311,152
Operating expenses, including taxes, were 51*61 per cent of
the gross earnings; exclusive of taxes, 48*61 per cent.
The cost of all improvements and additions to the property
(except right of way) has been included in operating expenses.
In addition to operating expenses, the following payments have
Total
And there remains cash
.
on
hand
$2,555
3,043
3,029
15,755
233,240
8,163
8,960
$274,746
$33,219
$15,000,000
Stock
Funded debt
$15,000,000
19,923,000
19.746,000
Total
$34,923,000
925,044
$34,746,000
$33,997,955
$33,795,509
Less sundry assets
Balance
Costofroad
****
17,551,083
12,140,592
12,144,240
Total cost
3,429,839
3,429,839
Hoboken docks, etc
Canal at Hoboken
The
950,490
17,710,790
Equipment
been made:
For right of way (4*8 miles)
For depot grounds at Grand Crossing
For reorganization expenses
For interest on Pink bonds
For interest on construction bonds
For interest on deferred interest certificates
Fof interest on extension bonds
1877.
1878.
5,016
19,291
3,516
713,085
673,994
$33,997,955
$33,795,509
earnings for the two years were as follows :
1877.
1878.
Passengers
Merchandise
Coal
Other sources
$800,402
$770,493
639,135
643,902
1,729,436
224,608
1,076,449
194,129
$3,368,441
$2,710,116
1,927,788
Total
Expenses.
2,145,933
Net earnings
$1,222,507
$782,328
payment of $3,043 ‘for depot grounds at Grand Cross¬
The rental paid by the Delaware Lackawanna & Western is
ing’ was in settlement of a judgment recovered against the
receiver for property taken by the company at the time its road interest on the bonds and 7 per cent on the stock, which would
was constructed.
As compared with the year 1877, gross earn¬ make a net loss of about $1,650,000 to the lessee.
ings have decreased $44,026, operating expenses have decreased
Delaware & Bound Brook.
$58,912, and net earnings have increased $14,886. The business
of the first six months of 1878 and the abundant harvest then
(For the year ending Dec. 31, 1878.)
in prospect gave promise of very large earnings for the year,
The following statements are from the report to the Comp¬
but this expectation was defeated by the alternation of troller of New Jersey.
The stock and debt at the close of the last two years were as
extremely wet and hot weather which occurred when the crop
“
was
The
ripening, and which everywhere greatly damaged and in
localities entirely ruined it.
On account of the short crop,
follows:
some
“
it was found necessary to
postpone making many desirable improvements, tending to
economy in operation, which were contemplated early in the
season ; but the condition of the road-bed, bridges and rolling
stock has been fully maintained, and is as good as at any time in
the history of the road.
.
“ It has long been conceded by those familiar with the situa¬
tion that this road should be extended to the western
boundary
of the State as soon as possible, in order to provide by new* busi¬
against increasing competition and to prevent, by occupying
the territory belonging to it, the present line from
being sur¬
ness
1878.
Bonded debt
Total
Cost of road, and equipment
The main line is air double track.
for the two years were as follows :
formed for this purpose. This organization was
made, by the advice of counsel, under the general laws of Min¬
nesota, with a capital stock of 1,500 shares of $100 each ; and
while it is in law a distinct corporation, yet it is owned and con¬
trolled by your company. The Legislature of the State has
granted to the Extension Company, on certain conditions, all
the lands appertaining to the uncompleted portion of the South¬
ern Minnesota Railroad, consisting
of about 40,000 acres in
Martin and Jackson Counties and 139,000 acres in Rock, Murray
and Pipestone Counties, and they are among the best farming
lands in the State. The Extension Company has executed a
mortgage for $1,200,000 to Messrs. Henry C. Kingsley, of New
Haven, and Henry G. de Forest, of New York, as trustees, cov¬
ering its franchises and property, other than land-grant lands,
from Winnebago City to the west line of the State ; and has
issued 1st
mortgage 7 per cent bonds at the rate of $9,000 p£r
mile for each mile of completed road. At a meeting of the
stockholders held on the 27th day of
August, this Company
agreed to guarantee and endorse these bonds and to subscribe
for the capital stock of the Extension Company. The subscrip¬
tion has been made and bonds to the amount of $387,000 have
thus far been issued. Forty-three and one-quarter miles of
railroad and telegraph line, extending from Winnebago City to
Jackson, have been constructed by the Extension Company dur¬
ing the past year.
The first section, 17 miles, was opened for traffic on July
Freigt
“
259,033
$3,293,620 $3,273,033
3,136,534
2,998,046
The earnings and expenses
1877.
.$137,290
$122,438'
132,133
1,145
115,138
..$270,570
$238,466
.
sources.
889
151,547
171,422
.$119,022
Cairo & St. Louis Railroad.
$67,044
..
was
^
1,500,000
279,620
1878.
rounded and localized
Owing to various circumstances it has
been impracticable to take active measures in this direction until
the past year, when the Southern Minnesota Railway Extension
Company
1,500,000
Floating debt
Oilier
1877.'
$1,514,000 $1,514,000
Stock
(For the year ending December 31, 1878.)
receiver, Mr. H. W. Smithers, has submitted his report
The
for last year.
for the entire
He says: “It will be seen from these accounts that
period of the receivership [from Dec. 6,-1877] the
deficiency from the operation of the road has amounted to a
total sum of $12,989. This deficiency has arisen entirely from
the necessity for extensive renewals and the heavy burden of
extraordinary expenses for rental of property not owned by the
company.
During this present year the receiver has been authorized by
Honorable Court to borrow a sum of $25,000 up?n receivers
certificates. This has been rendered necessary, inasmuch as the
renewals since the road passed into the custody of the Court
have largely exceeded, and will, for some time to come, exceed,
a normal average.
It may also become necessary for the under¬
signed to submit for the approval of the Court a proposition
for authority to issue further amounts of certificates, to enable
him to acquire equipment now leased, and to pay for the depot
grounds at East St. Louis, and for other purposes of a purely
capital nature, to which reference will be found in the report of
Mr. Johnson. Suits are being prosecuted for the recovery of
local aid bonds promised to the railroad company. These bonds
are for a considerable sum, and, if their delivery should t)e
enforced, they will be a very material assistance to the financial
“
your
452
*
THE
1’
'
-
CHRONICLE.
=====
position of the undertaking.
It will be
seen
that the sole
cause
for diminished earnings is the little movement in coal. Should
the iron interests at Carondelet become more
active, it may be
.expected that this road will benefit considerably thereby. The
general freight business of the road, apart from coal, has shown
a gradual and
steady improvement.”
STATEMENT OF REVENUE ACCOUNT Fl
To ordinary
for 12 months
viz.:
'
operating expenses
ending Dec. 31, '78,
Cond’ng transp’n—
Passenger ....$11,554
freight
20,11)7
“
15,(530
ears
31, 1878.
extraordinary
expenses and
expenditures for 12 months
ending Dee. 31, 1878, viz.:
Extr’nary exp’s.$25,047
Motive power.. 41),721
Maint’ee of way 8(5,1)17
“
12 MONTHS ENDING DEC.
To
other
General expen’s 1D.1) 17Tot. ordin’y exp’s 12mth’s.$209,033
To balance revenue acc’nt
21,950
Taxes
Pavm’ts on aec’t "
of C. & St. L.
RR. Co., large¬
ly for taxes pri¬
or
498
It was decided that- at the cate of the
mortgage the company’s
charter did not authorize it to
acquire the said read from
Alexandria to the Long Bridge; hence it was not intended to be
embiaced in the “ after
acquired property ” mentioned in said
mortgage, the expression “after-acquired property ” referring
only to such property as the company had the power to
acquire at the date of tlie mortgage. * This makes the judg¬
ments above mentioned
good, being the first lien on this section
of road.
.
Anthracite Foal Sale.—At the regular monthly auction sale
of coal by the Delaware Lackawanna & Western
Railroad Com¬
pany, on Wednesday, a further decline in prices was realized.
The
the
following table shows the prices received, compared with
prices obtained at the last Lackawanna tale in March :
toappoint’nt
of receiver
0,319-=To balance, being excess of
$31,865
operating ami ext aordinary expenses
ami
$231,889
[VOL. XXVIII.
=
other expenditures over
earnings, for 12 months
ending Dec. 31, 1878...
$9,914
Tour. ' •.
5,000 Steamer...
25,000 Grate
20,000 Es?i*
40,000 Stove
10,000 Chestnut..
Range of
.$2
.
.
.
.
Friees. '
024! to $
2 05
2 10
2 37
»2 25
to
to
to
to
►*,
By earnings for 12 months, end¬
ing Dee. 31, 18,8, v,z.:
Passenger
$0-2,178
Freight
121,723
Goal
31,313
3,262
7,141
Express.
Mail
,
Miscellaneous
nary operating expenses
for 12 months
ending
Dec. 31,1878
revenue
3,209
to
debit
account
$21,950
of
(for¬
ward)
9,914
$231,889
Atlantic & Pacific
{For the
year
$31,8(55
Telegraph Company.
ending Dec. 31, 1S78.)
The annual meeting of the stockholders of the
Atlantic &
Pacific Telegraph Company was held this week. The
report of
President Eckert showed that on December
company had
31, 1878, the
223 offices, and 8,70G miles of pole line and 22,421
miles of wire line.
The contract under which the Atlantic &
Pacific Company operated the lines and offices of the
Central
Pacific Railroad Company, under the name of the
Pacific
Division, expired during the year, and the property was subse¬
quently leased by the Western Union Telegraph Company.
The Vermont International
Telegraph Company, and the lines
on the New York &
Oswego
Midland, the New Jersey Midland
and the
Montclair & Greenwood Lake railroads are now
operated in connection with the Western Union Company. The
Atlantic & Pacific still continues as connections the lines of
the
Baltimore & Ohio Railroad, the Dominion
Telegraph
Company
of Canada, the Grand
Rapids & Indiana Railroad, the Direct
United States Cable
Company and other minor
companies.
The business of lines
comprising 230 miles of poles and 2,709
miles of wire has been
put under the management of the
Western Union Company. In
addition, 150 miles of
and
936 miles of wire have been taken down and 53 offices poles
have been
closed during the year, as the Western Union furnished
facili¬
ties sufficient for the transaction of all business
over those lines.
There were 1,269,510
messages, including press dispatches and
market reports, transmitted
by the company during the year.
The receipts, disbursements and assets of the
company for the
year were as
Total
Construction
250—
Net assets December
The
on
$13,043,478
14,287
;...
3
232’,479
0,000 shares Atlantic Sc Pacific Telegraph stock
6,290 shares Franklin Telegraph stock
4,572 shares Domestic Telegraph stock
Stock of other telegraph
companies
Atlantic Sc Paeitic Telegraph stock
Cash on hand
Due from sundry
companies,
1,000,000
029,000
35.286
*
27,943
52.727
17,901
persons and offices
259’o95
Total
$15,312,738
$15,000,000
Net earnings
Due to sundry companies,
persons and offices
265,5(56
47,171
Total
$15,312,738
GENERAL INVESTMENT
NEWS.
•
Alexandria
&
Fredericksburg.-The Virginia
Appeals has affirmed
Alexandria in the
case
Court
of
the Circuit Court of
the decision of
of the
Fredericksburg
& Alexandria Rail¬
road Company vs. Graham. This case decides
that the portion
of the railroad between Alexandria
and the Long
at
Washington is not embiaced in the mortgage of Bridge
the said
company, and lienc > is liable for the payment of some
$25,000
of judgments obtained
by Messrs. Marye &
for C. M.
Braxton, as contract )r, and the parties whoFitzhugh
worked with him.
mortgages
and
bonds
were
all
-
courts. The contract of settlement is
reported as
follows: The receiver shall
pay the Rolling Stock Company
on or before the 15th of
May, 1879, $100,000 on account of
claims.
The receiver further agrees to
pay from and after
by the Rolling Stock Company
was
:
(the bonds and stocks ofRailroad,
the Cincinnati
& Baltimore
the
representing
35 miles and
of road
$3,740,850, of which the
LIAUILITIES.
Capital stock
Atlantic & Great Western
adversely affected by the proposals of those who are now
endeavoring to prevent the lease of the line to the Erie
company. The creation of what may be called a pre-preference
debt on a line not now paying its
working* expenses is looked
upon as purely chimerical*.”
—Judge Tibballs, of the Court of Common Pleas at Cleve¬
land, 0., has made an important order, in the case against the
Atlantic & Great Western
Railway Company and .others, where¬
by the entire litigation between General j. H. Devereaux, the
receiver, and the United States Rolling Stock Company is taken
from the
cent on the stock. The Baltimore & Ohio Railroad, under
the order of the court appointing Mr. John
King, Jr., receiver,
is to receive annually, on the stock and bonds held
by it—as
follows: $1,241,700 stock of the Baltimore Short
Line, 8 per
cent, $99,336 ; on the $504,000 bonds of the Baltimore Short
Line, 7 per cent, $35,280; and on the $747,350 stock of the Cin¬
cinnati & Baltimore Railroad, 8 per cent,
$59,788, before the
Marietta & Cincinnati bondholders, who have the first lien on
the road, receive one cent of interest on their bonds. It cer¬
tainly seems very unjust that the Marietta & Cincinnati bond¬
holders, representing 300 miles of road and a funded debt of
$13,000,000, should thus suffer, for the benefit of the holders of
December 31, 1878:
ASSETS.
Construction
Line material
Patents
.07
8 per
$229,824
sheet
•08
or expenses.
The Marietta & Cin¬
cinnati Railroad guarantees the
principal, and interest at 7 per
cent on the bonds, and also
guarantees an annual dividend of
1,135,403
31, 1878.
following is the balance
•12*4
report is made of earnings
15,237
Knight’s repeater
•14%
2 17%
2 51%
2 3442
Baltimore Short Line Railroad.—Messrs. John A. Hambleton & Co., of Baltimore, say in their circular of
April 19th: “This
road extends from Belpre, Ohio, to the Marietta & Cincinnati
Railroad—30 miles. Capital stock issued $1,243,400. of which
the Baltimore & Ohio Railroad owns
$1,241,700. Funded debt
$750,000, of which the Baltimore & Ohio owns $504,000. No
1,287,243
105,000
105,000
18,309
57,727
Atlantic Sc Paeitic stock quotation
printing
Atlantic A Pacific Telegraph stock
2 19%
Tuesday next, the plaintiff, Mr. McHenry, undertaking to be
answerable in damages to the defendants."
The London Times, in its financial article
April 30, said: “The
whole amount claimed
$1,305,288
$838,939
2 3942
2 27hi
$2 174!
March
sale.
•15
the above sum in full settlement of the claims.
The re¬
ceiver is authorized to borrow $100,000 at 8
per cent.
The
$78,045
Expenses for the year 1878
Dividend No. 1, paid September 30
Dividend No. 2, paid December 30
last month
D. L. Sc W.
sold.
$2 0 l'U2
2 05
2 09%
Atlantic & Great Western.—In London,
April 30, an appli¬
cation was made to Vice-Chancellor Bacon for an
injunction to
restrain Sir G. Balfour, Mr. Charles Lewis and another
person
from carrying out a proposed lease of the Atlantic &
Great
Western Railroad to the Erie
Railway Company. The main
objection to the lease was that it would interfere with the
reconstruction now going on with
respect to the Atlantic &
Great Western Railroad. His
Lordship said the matter was of
some importance and rather out of the
ordinary course. He
thought that upon the affidavits which had been read no harm
would be done by his granting an
injunction extending over
$300,000.
.,...
on amount
January 18, 1880, not less than $7,500 per month on certifi¬
cates which have been issued to the
Rolling Stock Company.
The Rolling Stock Company, on its
part, agrees to receive
follows:
Net assets December 31, 1877
Receipts tor the year 1878
Av. price
The average price obtained on
Wednesday on all the coal
"sold was "$2 23 per ton,
against $2 36 per ton at the March
sale.
By balance, being excess
of earnings over ordi¬
By balance
2 07 4i
2 40
2 30
Decline
from
Aw price
i
Baltimore Short Line
and a total bond and stock debt of
Baltimore & Ohio Railroad owns $2,493,050.
It will be seen that under the decree of the
court, which so
strongly favors the Baltimore & Ohio Railroad, the holders of
Marietta & Cincinnati securities are
virtually debarred from
participating in the earnings of the road until these later guar¬
antees are provided for. The singular
part of it all is that this
guarantee of the stock and bonds of the Cincinnati & Balti¬
more and
Baltimore Short Line Railroads should be required
of
Marietta & Cincinnati Railroad, itself in an insolvent
condition, while the Baltimore & Ohio Railroad, which reaps
the
the greatest advantage, is left without
any responsibility. The
large amount of Marietta & Cincinnati securities held by people
of all classes in Baltimore
naturally makes them feel a deep
the fact
I interest in the affairs
of the road. * The holders of Marietta
of the great through fine of the
&
& Cincinnati bonds had based their confidence
upon
that it was a part
Baltimore
May
THE
3, 1879.]
CHRONICLE.
Ohio, whose reports represent such successful results, such
large earnings, and such wonderful additions to its surplus
fund, especially as both roads were virtually managed and
controlled by the same directors. It was thought that the
Marietta & Cincinnati road, being a part of this
great through
line to the West, would have shared in some of the profits.
The disappointment, when the default took place, was
severely
felt. It is strange that the Baltimore & Ohio road by the
help
453
Court
gives the lessor company until the first of January next
adjustment and classification of its bonded indebt¬
edness, a3 stipulated in the amended lease, and in default
thereof the complainant has leave on that day to
move for a
decree rescinding the contract of lease, and for a settlement of
accounts upon such terms as
may be equitable.
What were the
rights of mortgage bondholders against the lessee corporation
and against the Pennsylvania Railroad
Company, independent
of the Marietta & Cincinnati road should show such favorable of the
question
of recision, the Court said was not involved in
results on operations that bankrupted the Marietta & Cincin¬ this
case, and no expression of opinion about it is made.
nati Railroad.”
With regard to the time when the accrued rental,
amounting
now to more than
Central Railroad of Iowa.—A meeting of first
$3,000,000, should be paid by the lessee, there
mortgage was no decisive
bondholders of the.Central Railroad Company of Iowa was held
expression of opinion, but, at the request of
counsel on both sides, Justice Harlan announced that he would
at the office of the Farmers’ Loan & Trust
Company, on the hear further
24th inst. Among those present were Russell
Sage, F. D. Tap- of June next. argument on this point at Chicago on the second'
?en,
JamesSumner
Buel, R.
JohnStone,
James, Edwin
J. Crane,
arsons,
N. A. Frederick
Frederick
Leak,
Cowdrey, P.
James
G. Johnson,
Lennox Smith, and
representative of
Morton, Bliss & Co. A committee was appointed—consisting of
Messrs. Sage, Tappen and Parsons, of this
City; F. L. Ames,
of Boston ; Henry A. Jones, of Portland, Maine ; L. A.
Crozier,
of Philadelphia,* and Sidney Shepherd, of New Haven—to
confer with the New York & Boston committees, and endeavor
to arrive at an amicable adjustment of the
conflicting interests
of the company’s several classes of creditors.
They were further
authorized an<i requested to “do any and all things which
they
a
to make the
—The committee
consisting of R. T. Wilson, Adrian Iselin
Whitewriglit have called a meeting of first-mortgage
bondholders, to be held in New York, May 15, “ for the purpose
of uniting in such measures as under the recent decision
of
Judge Harlan will be requisite for the due enforcement of the
rights of the bondholders against the Pennsylvania Railroad
Company under the lease now adjudged to be valid, including
such a scaling .down of the first
mortgage bonds as will be
and Wm.
necessary to reduce the absolute mortgage indebtedness to $15,821,000, bearing 7 per cent interest, and proposing to the second
deem to be for the best interests of the bondholders.”
mortgage bondholders the exchange, under a fair and equitable
arrangement,
of their bonds for income bonds now deposited in
—Subsequently the committees agreed that the followingnamed gentlemen should be submitted as a Board of Directors trust, or taking the necessary measures for cutting off the sec¬
to the United States Circuit Court at Des Moines, before which ond-mortgage bonds by foreclosure, if they do not agree to such
tribunal the litigation against the road has been conducted : arrangement.”
D. Y. Rogers, of Utica; Isaac M. Cate, of BaltimoreA. L.
Delaware & Hudson Canal.—A memorandum, dated April
Berdette, of Leominster, Mass. ; Charles Alexander, of Boston ;
15,
from the London agent of the Scottish-American Investment
G. E. Taintor, Russell Sage, Edmund Parsons, F. D.
Tappen Company, Limited, states : “I am this
day in receipt of a com¬
and James Buel of New York ; Henry A. Jones, of
Portland, parative* statement from the
Secretary
of
the Delaware & Hud¬
Oregon ; and George Bliss of New York.
son Canal
Company, showing that the earnings and expenses of
Chicago Milwaukee & St. Paul.—In the United States the railroads owned and leased by his company for the month
Court at Milwaukee, Judge Drummond rendered his decision in of February were as follows :
the suit of Barnes vs. the Milwaukee & St. Paul
Railway Com¬
Fob., 1878.
Fob., 1879.
pany, the suit, on the claims or theory of the plaintiff, repre¬ Gross earnings
$271,750
$320,181
senting several millions of dollars. The technical decision was Expenses
106,111
225,753
that the first
plea is sustained and that the second plea is over¬
Net earnings
r
$105,045
$94,428
ruled, complainant having thirty days in which to file replica¬
“Increase in gross earnings, $48,425; decrease in net
tion to the first plea. The actual gist of the decision, as
eamings»
reported by the Chicago Times, is that whatever bonds of the $11,217. For the same period the earnings and expenses of the
La Crosse & Milwaukee Railroad Company were not
& Susquehanna Railroad (included in the above) were
exchanged Albany
as follows :
for stock of the Milwaukee & Minnesota Railroad
Company
at
the time of the foreclosure of the Barnes
Feb., 1878. Feb., 1879.
mortgage on the old Gross
La Crosse & Milwaukee Railroad, in 1859, are
earnings
$00,019
$32,887
protected by the Expenses
32,968
54,828
Barnes mortgage under the decree of the Supreme Court, and
must now be paid by the Milwaukee & St. Paul
Net earnings
$27,051
Company. An
$23,059
order of reference will issue to take proof to see wliat bonds
Increase in gross earnings, $22,268; increase in net
were not surrendered.
earnings,
The amount of bonds not surrendered is
believed to be small, so that the suit, by the decision, is robbed $438.”
of its vast importance in the amount of
Grand Trunk of Canada.—A Chicago report says it is under¬
money represented.
The decision also sustains the plea that the Milwaukee & Min¬ stood that the Grand Trunk
Railway has finally decided upon
nesota Kailway
to that city, and^
Railway company
Company naa
had been
Deen duly ana
and legally orgamzea
organized an extension
road will be completed!
the new 11UdUl"lu
ft c
after the foreclosure of the mortgages against the La Crosse & within a very few months. The extension
will start from PonMilwaukee Railroad Company. The decision is regarded as a tiac, Mich., the present terminus of the air-line branch of the
Grand Trunk, and run to Lansing, a distance of 50 miles.
victory for the Milwaukee & St. Paul Railway Company.
“
™,
’
Thence the line will be
over
the Peninsular
or
western branch
Chicago & Pacific.—This railroad was sold at auction May 1, of the
Chicago & Lake Huron road to Valparaiso From this
in Chicago, by the Master in
Chancery, to John H. Wrenn, for point a road is to be constructed to Thornton, Ill., 26 miles, where
$916,100. It is said that the property is really bought for John a connection is made with the
Chicago & Southern already owned
I. Blair, Moses Taylor, and others, who propose to
complete it by the Grand Trunk, which reaches to Chicago. The Chicago
from Byron to Lanark, 32 miles.
& Southern has been reorganized, and will be known as the
Columbus Chicago & Indiana Central—Pennsylvania Chicago & State Line Railroad, and the charter for its extension
Railroad.—The great railroad case of the Pittsburg Cincinnati to Valparaiso has been obtained, and work will soon commence.
& St. Louis Railroad Company against the Columbus
Chicago &
Jersey City.—The Jersey City Board of Finance, at their
Indiana Central Railroad Company, which has been
pending in meeting Saturday night, concluded to Issue $100,000 of
the United States Circuit Court for the District of Indiana
city
ah
since
last July, has been decided by Justice Harlan. The case involved bonds, which, it is stated, are to be purchased by a capitalist, at
par.
With the proceeds of this sale, and $50,000 cash on
the validity and construction of the lease made
by the Pan receipts for taxes and water rents, it is intended to meethand,
the
Handle road of the Columbus Chicago & Indiana Central road
May interest. Of the bond issue, $50,000 are to be water bonds,
from Columbus to Chicago. The lessee
company and its guar¬ and the remainder to be
improvement bonds. They are to ran
antor, the Pennsylvania Railroad Company, contended that the for 30
years, and draw interest at 6 per cent. No provision has
lease was void under the laws of Indiana and Ohio, and also that
been made, so far, for the temporary loans of $350,000;
the lessor
except
company had not kept its covenant to arrange, that the holders will let them stand as call loans, the interest
provide for, adjust and classify its bonded indebtedness in
the mode and to the extent set out in the lease. They claimed being paid. The salaries of city employes will probably remain
also that the lessee had been evicted by the decree in tne Pullan unpaid for the present.
Kansas Pacific.—At a meeting of the stockholders of the
case, ordering a sale of twenty-seven miles of the leased lines,
and by the foreclosure proceedings of Roosevelt &
Kansas
Pacific Railroad Company, the following directors were
Fosdick,*
trustees in the first consolidated mortgage. Mr. Justice Harlan elected: Sidney Dillon, Jay Gould, F. L. Ames, Russell
Sage,
held:
Addison Cammack, G. M. Dodge, James R. Keene, C. S.
Greeley
1. That the lease was not in contravention of the statutes of G. P. Usher, D. M. Edgerton. James M. Ham. At a
subsequent,
Indiana or Ohio.
meeting of directors, the following officers were chosen: Sidney
2. That neither the Pullan decree nor the
proceedings in the Dillon, president; D. M. Edgerton, vice-president; James M.
suit of Roosevelt and Fosdick constituted an eviction
entitling Ham, treasurer; A. H. Caley, secretary, and J. P. Usher, general
the lessee company to recision at this time of the contract of solicitor.
.
lease.
Lafavette Muncie & Bloomington.—A despatch from Indian¬
company
to
arrange,
pro¬
Ind., April 28, said: “ The deed for the Lafayette Muncie &
apolis,
vide for, adjust and classify their bonded indebtedness to the
Bloomington
Railroad was delivered to the purchasing bond¬
extent agreed upon, was not a condition precedent
to the per¬ holders tills
morning.
A temporary organization, to be called
formance of the lessee’s covenant to pay the stipulated rent,
but it was a matter of substance, not of mere form. It was a the Muncie & State Line Railroad Company, will be made.”
material part of the consideration of the covenant to
pay rent,
Long Island Railroads.—The N. Y. Times of Friday reports
and'the lessee was entitled to have the lessor’s covenant
Yesterday considerable astonishment prevailed in several ofperformed within a reasonable time, and that complainant was the
entitled to a decree which should compel performance. The roadLong Island villages over the non-arrival of the usual rail¬
trains, and it was not until late in the day that the causs
3. That the covenant of the lessor
“
THE CHRONICLE.
454
became known. The Long Island Railroad Company, as the
lessees of the Central Railroad and the Hempstead & New
York Railroad, abandoned the use of those roads on Wednesday
evening. The Central Road will not again be run over between
Hunters Point and Hinsdale. The Hempstead Road, from Valley
Stream to Hempstead, will not again be used. This will leave a
number of settlements that have come into existence since the
railroads without any railroad communication, and shuts Hemp¬
stead off from Rockaway Beach altogether. The roads did not
pay.
[Vol. XXVI11.
report to the Governor announcing that two-thirds of the State’s
creditors would accept the proposition. Governor Marks has
issued a proclamation calling an election of the people to ratify
the proposition.
Union Pacific, Central Branch.—The Central Branch of
the Union Pacific Railroad has let the contract for building
three branches; one from Cawker up the north fork of the
Solomon to Kerwin, Phelps County, a distance of 56 miles; one
from Cawker to Bulls City, Osborne County, a distance of about
extension of the Scandia Branch from Scandia
The completion of the Kerwin line will extend
States Court at Milwaukee, April 28, upon the suit of Jesse the Central Branch
to a point 263 miles west of Atchison,
Hoyt, trustee, against the Milwaukee « Northern Railway, through one of the richest regions of Kansas.
Milwaukee & Northern.—An order
was
made in the United
40 miles, and an
to White Rock.
appointing James C. Spencer receiver of the railway company.
Union Telegraph Company.—The articles of incorporation
Montgomery & Enfaula.—This railroad was sold at Mont¬
of this Telegraph Company have been filed in the County Clerk’s
gomery, Ala., May 1, for the benefit of its bondholders, by order
of the United States Court. The road is 80 miles long, and was office and at the same time in the office of the Secretary of State,
bought by William M. Wadley. The principal competitor was at Albany. According to the New York Iribune report, “ the
the Louisville & Nashville Railroad, which owns a large amount company is organized with a capital of $10,000,000 in shares of
of the bonds. The price paid in cash was $2,120,000. The $100. The corporators named are Jay Gould, of New York,
accrued interest and bonds aggregate over $1,900,000. The whose subscription is for 50,000 shares; David H. Bates, of New
York, and Charles A. Tinker, of Baltimore, Md., whose subscrip¬
entire bid of the purchaser has been paid.
tions are for 25,000 shares each. By the terms of incorporation
New York City Ronds.—Proposals were opened at the Comp¬ the company is authorized to run lines through all the States
troller’s office for $500,000 five per cent consolidated stock of the and many of the Territories.
“This enterprise is understood to be part of a vast scheme,
city of New York New York Bridge bonds, redeemable on and
after November, 1900, and payable on May 1, 1926. Nine bids that may extend from the Atlantic to the Pacific Coast. The
nucleus in this State is the Central Union Telegraph Company,
were made for the entire lot at prices from 102 to*105*76—the
latter price being offered by the Emigrant Industrial Savings which began operations about six months ago. The charter of
this company has been bought recently by the organizers of the
Bank.
Northern Pacific.—Outstanding Northern Pacific first mort¬ present company. Work has been begun not only in this but
in other States, and the line from Boston to Baltimore is under
gage 7*30 bonds should be surrendered to the company in contract.
exchange for its preferred stock, as the limit fixed by the com¬
The Central Union Company has a line completed through
mittee is June 30, 1879, after which no exchange can be made.
this city to High Bridge, and is in actual operation from Syra¬
Richmond & Allegheny.—At an adjourned meeting of the cuse to Oswego. From this city the poles have been distributed
bondholders of the James River & Kanawha Canal Co., April 17, along the route to Albany, and are in position as far as Schen¬
ectady. The line extends from Albany to Buffalo, at which
a final agreement was entered into with the Richmond & Alle¬
connection will be made with the West. The line of the
point
gheny Railroad Company, and signed by bondholders repre¬
new company will he in operation to Chicago, by two independ¬
senting about $350,000 of the first mortgage bonds. The
agreement provides that for the first mortgage bonds 70 cents ent routes, within three months. One of these routes will be by
shall be paid on the dollar of principal, and 70 cents on the the way of the Albany and Buffalo line, connecting at Buffalo
dollar of accrued interest. For the second mortgage bonds 30 with the Canada line. The other will be by the way of Balti¬
cents on the dollar of principal,with four past due coupons more and the present line of the Baltimore & Ohio Railroad.
attached to each bond as a delivery. For the first mortgage In order to complete the proposed connections, it is necessary
bonds of the Buchanan & Clifton Forge Railroad the" same for the new company to build lines to Baltimore and Oswego,
and from Chicago to Detroit. The line from Boston to this
as
ompany. The railway company will give notes payable in city and from here to Baltimore is already under construction,
three years, bearing 6 per cent interest, payable semi-annually ana will be completed, it is expected, within about ninety days.
in advance, secured by pledges on the water powrer, rents and Work was begun a week ago on the lines east and south of this
city.”
dockage receipts of the canal company.
U. S. Treasury Circular.—The following circular was issued
St. Louis & San Francisco.—The Public has the following
pertinent remarks on a subject that has attracted some attention April 28:
Treasury Department,
?
in Wall street. “ This week there has appeared a circular, with¬
Washington, April 28, 1879. >
out signature, in which some very remarkable statements are
The attention of all officers of tlie United States charged with the sale
made regarding the condition ana finances of the St. Louis & of refunding certificates is called to the manifest purpose of the act of
“
grice for the mortgage bonds of the James River & Kanawha
•
San Francisco Railroad.
The fact that such statements
are
circulated in
print illustrates the extreme unwisdom of attempt¬
ing to suppress information as to the doings of a corporation.
For if any one would correct any errors which the circular may
contain, and for that purpose seeks the annual report of the
company for the year 1878, now due for nearly four months, he
finds that the official report lias not been published. It is said
in the circular, and on the street, that the gross and net earn¬
ings of the company in 1878 were smaller by about $100,000
than those of 1877 ; but if the loss were even greater the com¬
pany would have been more wise had it promptly issued its
official statement. It is stated, too, that the earnings in 1879
thus far have been still smaller than those of 1878 to date.
But if so the company certainly gains nothing
by concealing
the real amount of loss, and leaving all parties interested to
conjecture
as
they please.”
St* Paul & Pacific.—The St. Paul Pioneer-Press recently
reported that Judge Brill granted
'
a
decree of foreclosure
in favor of Edmund Rice, Horace Thompson
and John
S. Kennedy, trustees, plaintiffs, against the St. Paul & Pacific
Railroad Company, and the First division of the St. Paul &
Pacific Company and others, defendants, under a mortgage for
$1,200,000, covering the railroad from St. Paul to Sauk Rapids.
The amount adjudged due is about $1,500,000, which the rail¬
road companies are required to pay within five days, and in
default thereof the railroad will be sold at auction to the highest
bidder. It is expected that the property will go to sale, and
that the purchasers will
reorganize and form a new corporation,
and operate the road as provided in the statute of the State.
Judge Brill also granted a decree in favor of the same
plaintiffs, trustees, against the First Division company and
other defendants, under a mortgage for $3,000,000,
covering
150 miles of the main-line road, extending from St.
Anthony to
Morris. 'The amount of the decree is $2,016,975, which the
railroad company is required to pay within five days, and in
default thereof the road will be sold at public auction to the
highest bidder for cash to satisfy the decree. The road will
undoubtedly go to sale, and the purchasers will form a new
corporation to operate this line of road also.
Tennessee’s Debt C< mproinis<\—The committee appointed
by the Governor to
go to New Yoik to secure the acceptance by
the Tennessee bondholders of the 50 cents and 4 per cent inter¬
est
ccmpromise, proposed by the Legislature, have made
a
Feb. 26, 1879, providing for the
be issued only to enable persons
issue of such certificates, that they shall
to invest small savings in Government
securities. In the circular of April 18 it was announced that all the 4
per cent bonds offered for sale had been sold, and that these certificates
would be reserved for sale in sums not to exceed $100 at one time. The
department is advised that, in consequence of the rise in the value of 4
per cent bonds, this intention of the law has been evaded in some places
for speculative purposes, with a view to the immediate conversion of the
certificates in large sums into bonds for sale. Where such evasion is
manifest, or where any one person claims more than $100, either for
or others, the certificates will be refused, and the authority of
designated depository who fails to enforce this circular will be with¬
drawn, and commissions will not be allowed on sales made by him. The
Treasurer and Assistant Treasurers of the United States will be required
to strictly observe this circular. Hereafter, commissions on sales will be
himself
any
allowed at the rate of one-eighth of 1 per cent, as heretofore, but only to
designated depositories for the sale of refunding certificates. When the
average sales, however, are in excess of $10,000 per day and less than
$50,000, the rates of commission on such excess shall be $1 per $l,0QO;.
and when in excess of $50,000 per day it shall be 50 cents per $1,000 on
the excess. Owing to the great pressure upon the department in the
issue of 4 per cent bonds already subscribed for, and the redemption of
called 5-20 and 10:40 bonds, the conversion of refunding certificates, into
bonds will necessarily be postponed until on and after July 1, next.
_
John
Western
Sherman, Secretary.
Maryland.—The funding certificates of the 'Western
Maryland Railroad have been printed and are now awaiting the
presentation of the overdue coupons of the first mortgage bonds
paid by the city to January 1,1879, and of the preferred second
mortgage bonds, including those to mature July 1 next. The
certificate contains the preamble setting forth the proposal of
the road to fund as per agreement, said certificate to bear
interest at 6 per cent from July 1, 1881. The overdue coupons
proposed to be funded are turned over, on the receipt of the
certificate, to the Safe Deposit Company, to be there placed in
escrow until January 1, 1890, when the certificate is to be
redeemed and the coupons taken from escrow and turned over
to the company.
Those so desiring may receive new bonds in.
place of the funding certificates. The amount of coupons to be
funded is altogether $371,000, of which $239,000 belong to the
city of Baltimore, being the amount paid as endorser of the
first mortgage bonds and that due and unpaid on the city’s
investment in the preferred second mortgage bonds; the
remainder, $133,000, belongs to individual second mortgage
bondholders. No ceremony is necessary in the transaction, the
bondholder receiving his certificate of funding and the coupons
so funded being locked up in the Safe Deposit
Company vault
and receipted for by the cashier of that place.—Baltimore
Gazette.
Mat
455
THE CHRONICLE.
3, 1819.]
-
May 2, 1879.
weather the past week, but at
years.
The
of
following is a statement of the stocks of leading
domestic and foreign merchandise at dates given:
Pork
Lard
Tobacco,
Tobacco,
foreign
domestic
Coffee, Rio
Coffee, other
Coffee, Java, &c
Sugar
Sugar
Sugar..
:
Molado
Molasses, foreign
Molasses, domestic
Hides
Cotton
Rosin
Spirits turpentine
Tar
Rice, E. I
Rice, domestic
Linseed
Saltpetre
Jute
Jute butts
Manila liemp
Sisal liemp
bbls.
tea.
May 1.
97,724
85,000
78,340
113,500
77,678
69,116
24,744
29,912
57,949
23,428
69,565
28,178
12,837
580,000
2,299
8,918
25,000
65,873
44,302
boxes. 27,610
.....bags, &c. 675,000
mats.
hlids.
2,119
bbls.
6,225
15,000
..bbls.
2,314
bags.
3,700
4,100
lilids.
207,900
191,586
34,684
No. 252,000
bales. 176,370
bbls. 30,694
bbls.
bbls. and tcs.
4,959
bags.
41,093
bags.
10,000
bales.
bales.
6,390
35,500
.
1,871
1,876
3,100
3,050
26,593
7,000
4,905
31,665
25,531
24,358
21,706
54,926
35,250
31,564
28,682
13,728
33,764
271
3,147
3,000
37,916
2,316
__
Mobile
Port
738
686
2,578
4,002
15
7
211
169
7,712
2,209
2,603
4,118
85
4,991
.
2,979
1,004
Indianola, &c
Tennessee, &c
231
1,744
....
..
1,752
63
390
1,495
Royal, &c
Galveston
2,013
1,492
6,477
744
Savannah
8,986
2,003
8,105
999
10,893
3,082
1,222
5,195
1,666
New Orleans
1875.
1876.
1877.
1878.
1879.
Receipts this w’k at
1,115
2,576
1,382
Florida
121
127
37
17
8
North Carolina
299
893
572
888
556
3,800
2,932
2,661
2,785
1,940
1,399
691
9S
206
170
22,283
31,196
16,560
26,002
21,891
Norfolk
>
City Point, &c
Total this week
...
Total since Sept. 1. 4,317,007 4,113,803 3,839,630 3,941,356 3,340,970
135,000
164,664
The exports for the week ending this evening reach a total of
23,612
2,562 42,507 bales, of which 26,798 were to Great Britain, 4,480 to
1,790 France, and 11,229 to rest of the Continent, while the stocks as
3,700
1,900
120,800
7,300
4,156
18,200
39,320
700
The provision market has been alternately firm and weak ; at
times much irregularity and depression were noticeable, and at
others, under the influences of a revival of speculation at the
West, a better state of affairs would prevail. Generally speak¬
ing, however, the market has been in buyers’ favor. To-day,
little or nothing was done, and prices were barely steady ; old
mess pork on the spot, $9@$9 12/£ ; new mess, $10 10@$10 15 ;
May quoted at $10 20, and June $10 10@$10 30. Lard was
weak at the close ; prime city on the spot sold at 6T7^c.; do.
western, 6*27/£@6*22/£c.; May, 6'20c.; June, 6*25@6*22/£c.;
July, 6,30@6,27/£c.; August, 6*40@6’35c.; refined for the conti¬
nent, 6*57>2C. Bacon was lower; long clear, 4’95c.; long and
short do. here, 5c. Butter and cheese have declined, and have
only a small movement. Tallow is lower at 6%@6%c. for prime.
Rio coffee has receded to 13Mc. on fair business, and though
on one or two days there was some activity, the market has been
generally quiet, and at the close the stock here is 72,532 bags ;
a moderate business in mild grades has been done at unchanged
prices; late sales have embraced 4,400 bags Maracaibo, 5,000
mats Java, and 3,200 bags Costa Rica. Molasses has been in less
demand, and refining stock is now not quoted above 27/£c., and
the bids generally under this figure; grocery grades remain
without quotable change. Rice has met with a pretty brisk
demand at firm and unchanged prices. Raw sugar has been
firmer at 6 3-16@6%c. for fair to good refining, .with a better
demand. Refined sugars have sold more freely of late at firm
prices ; crushed, 8%c.
Tobacco has been more active for all grades, though the
movement is still comparatively moderate. Sales of Kentucky
amount to 800 hhds., of which 300 for export and 500 for home
consumption. Prices are unchanged ; lugs quoted at 3@4^c.,
and leaf 5@12c. Seed leaf sold to the extent of 900 cases, as
follows : 400 cases 1877, New England, 14@25c.; 250 cases 1877,
Pennsylvania, 12@22^c.; 250 cases 1878, New England, seconds
and fillers, private terms. Spanish tobacco in fair demand, with
sales of 555 bales Havana at 85c.@$1 10.
Ocean freight room has received moderate attention ; the sup¬
plies of tonnage, however, are plentiful, and the cause of much
irregularity in rates, which for some time have been low and
almost unremunerative. To-day, rates were unsettled; grain to
Liverpool, by steam, 5/£d.; flour, 2s. l^d.; provisions, 25@30s.;
rain to London, by steam, through freight, 7d.; do. to Boreaux or Antwerp, 4s. 7/£d. per qr.; do. to direct French port,
4s. 7%d.; do. to Hamburg, 4s. 3d.; refined petroleum to Bremen,
2s. 10%d.; do. to the continent, 3s.; do. to the German Baltic,
4s. l/£d.; Naphtha to Exmouth, 4s.; grain to Glasgow, 4s. 4%d.
per qr.
Naval stores have been rather quiet, and prices have
manifested little strength ; spirits turpentine closes at 29/£@30c.;
and common to good strained rosins, $1 35@$1 40. Petroleum
at the close was more active and steady, at 8%@S34c.; sales
20,000 bbls. refined at these figures. American and Scotch pig
irons are quiet at the moment, but all prices are firmly sus¬
tained ; steel rails also very firm, with 9,000 tons sold, part at
the West, at $45@$47 ; ingot copper in jobbing sale at 15%@
16c. for Lake. Whiskey quiet at $1 07.
bales.
bales.
^May 2), the total receipts have reached 22,283
bales, against 36,183 bales last week, 40,187 bales the previous
week, and 44,851 bales three weeks since; making the total
receipts since the 1st of September, 1878, 4,317,00? bales, against
4,113,803 bales for the same period of 1877-8, showing an increase
since September 1, 1878, of 203,204 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
this evening
Charleston
1878.
May 1.
bales. 23,108
lilids. 30,663
bags. 97,065
bags. 39,497
hlids.
articles
1879.
April 1.
1879.
y
2, 1879.
Friday. P. M.. May
this writ¬
ing the temperature is unseasonably cold; a fall of snow is
reported from Ottawa, and the harbor of Buffalo is still encum¬
bered with heavy ice. In spite, however, of these drawbacks,
trade makes fair progress, and the position may be regarded as
generally much more favorable than at this season in recent
We have had better
-
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
epitome.
Friday Night,
-
O O T T O N.
fixe (£cnmtxcrcuxl gxwes.
Tjommercial.
~
=
-
■
made up this evening are now
stocks and exports for the week,
week of last season:
EXPORTED TO—
Week
ending
May 2.
N. OiTns
France.
16,791
Mobile..
....
Charl’t’n
....
Savan’b.
....
Galv’t’n-
....
N. York.
2,759
Norfolk-
....
nent.
30,631
10,075
3,765
....
....
....
....
....
....
1,154
1,154
....
•
....
715
•
•
....
•
3,474
....
....
....
....
....
7,248
-
....
•
Other*..
STOCK.
Same
Week
1878.
Total
this
Week.
Conti¬
Great
Britain.
368,781 bales. Below are the
and also for the corresponding
1879.
29,134 111,748 154,454
7,698 18,660
6,117
2,0G8
4,485
9,879
9,685
3,355 13,422
963 14,827 21,881
6,135 174,542 167,194
9,665 12,970
2,505
27,000
10,355
7,248
1878.
40,000
Tot. this
26,798
week..
11,229
4,480
’
60,632 368,781 429,329
42,507
Tot.since
Sept. 1. 1856,966 394,272 911,553 3162,791 3036,289
exports this week under the head of “
1,144 bales to Liverpool; from Boston,
Philadelphia, 307 bales to Liverpool.
*
The
more,
other ports” include, from Balti¬
5,737 bales to Liverpool; from
compared
From the foregoing statement it will be seen that,
with the corresponding week of last season, there is a decrease
in the exports this week of 18,125 bales, while the
are 60.548 bales less 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
at
the ports named.
We add also similar figures
which are prepared for our special use by Messrs. Carey,
stocks to-night
cleared,
for New York,
Yale &
Lambert, 60 Beaver street:
On
May 2, at—
Liver¬
France.
pool.
New Orleans
Mobile
New York
ports
Total
4,250
None.
5,000
None.
None.
None.
None.
None.
None
47,443
4,250
5,500
8,509
1,100
Galveston
Other
26,500
834
Charleston
Savannah
|
Shipboard, not cleared—for
Foreign
1,000
3,207
60,235
308,498
107
500
None.
None.
2,475
3,135
Stock.
8,509
*3,360
6,000
1,500
None.
None.
60
None.
Leaving
Total.
80,250
6,198
6,463
7,422
6,318
171,182
30,665
100
600
None.
*
Included in this amount there are 2,200 bales
destination of which w’e cannot learn.
The
Coast¬
wise.
Other
31,450
1,500
3,116
6,000
at presses for
foreign ports, the
following is our usual table showing the movement of
the ports from Sept. 1 to Apr. 25, the latest mail dates:
cotton at all
Ports.
EXPORTED SINCE
RECEIPTS SINCE
SEPT. 1.
1878.
| 1877.
'
N.Orlns 1145,225 1326,466
Mobile. 354,163 399,712
Norf’k*
142,972
55,934
132,927
537,774
448,841
570,293
430,622
125,984
14,011
137,153
481,242
Other..
185,058
148,283
Char’n*
8av’li..
Galv.*.
N. York
Florida
N. Car.
508,991
689,103
542,577
This yr. 4294,724
Great
Britain.
France.
)
SEPT.
Other
Foreign
1 TO—
Stock.
Total.
590,759 197,970 336,254 1124,983 130,397
7,453
56,000 35,583 29,677 121.260
9,268
145,029 57,140 173.668 375,837
191,815 23,646 231,523 446,984 15,066
211,155 59.478 61,010 334,643 17,018
209,398 11,245 24,355 244,998 180,314
13,756
44,472
1,967
2,050
184,22$
713
183,556
135
15,858
18,539
5,098
05,111
190,039
17,015
200.571
1830,168 389,792 900,324
1,839
11,900
24,500
3120,284 397,755
...
Lastyr.
4082,607 1386.018 457.119
632,520 2975 657 445.853
&c.; under the head of
Rorjoik is included City
Under the head of Charlexton is included Port Royal,
Galveston is included Indianola, &c.; under the head of
Point, &c.
*
0
8
.
3
08.5
THE
CHRONICLE.
the spot
on
Id
been quite inactive the 1
s
Bales.
1,40*
Cts.
.12-31
Bales.
2,3- 0
Cts
12-47
12 32
16 300
12-48
22-40
0.0.0000047321146..296142.327.0
further advance of
irregular character; low grades were 3-16.15)
5-lGc. up; medium and better grades l-16(ft£c.; middling uplands
12c.; stained cottons were ira{c. up, the latter for the lowest
grade. The speculation in futures has been quite fitful. The
volume of business has been smaller, and yet at times the market
has been quite excited.
The course of prices has been as erratic
and apparently inconsistent with dominant influences as last
week,
and yet on the whole the tendency has been upward,
especially
since Saturday last, when the market opened quite
depressed.
Mondav was quite weak at the opening, in
sympathy with Liver¬
pool advices; but speculation revived, and the close was slightly
dearer.
'Tuesday responded but partially to strong foreign ac¬
counts, but on Wednesday and Thursday there were decided ad¬
vances, not, however, without wide fluctuations, the improve¬
ment being most decided for this
crop.
Advices from the South
almost uniformly indicate the planting of an increased area to cot¬
ton, and this, with the return of better weather there, gives a check
to speculation for the next crop.
To-day, there was a further ad¬
vance, with some excitement on strong repor s from Liverpool and
the South; but values Were
irregular, and the close unsettled.
The total sales for forward delivery for the week are 005,900
bales, including — free on board. For immediate delivery the
total sales foot up this week 3, >92 bales,
including
for export,
3,202 for consumption, 390 for speculation, and
in transit. Of
the above,
bales were to arr.ve. The following tables show
the official quotations and sales for each day of the
past week:
Ordiu’y.$il>
NEW ORLEANS.
Mon Toes
9^16
915ig
10ai6
lOlSje 10161C
1 l11G
11°16 11°16
Sat.
Good Mid
12
Str. G’d Mid 12*4
11-">8
12
12
1214
12*4
12*8
1230
Midd’g Fair 1278
1270
1378
1270
137s
13
14
10°i6
11*2
Middling... 1150
..
Fair
137e
Wed
11 h
Th.
Ordin’y.$?Ib 10he lOhe
8trictOrd.
109ie
Good Ord.. 10?ie
10*°ig 11116
Str. G’d Ord n-ho 11°16
Dow Midd’g
Ji’be 11°16
Str.L’wMid 11->8
1134
Middling.
Good Mid.. 12*8
Str. G’d Mid 12^8
13
14
Midd’g Fair
Fair
Fri.
Wed
10*16
10716
10*°ig
1 13!6
11*16
10*16
11 ^0
11 34
1130
12*0
12%
13
14
Sat.
Mon. Tnea
10*10
10*16 10*16
107J6 10716 10*16 10<i6
lOlOifi 10*°16 10*°i6 10*°i6
113,6 11316 113,6 113,6
11716 11716 H716 11 '16
1130
1134
11 34
12*0
1230
1130
1134
12*0
1230
12*8
1230
12*8
12:%
13
14
13
14
13
14
13
14
11 34
Th.
Fri.
10*2
Wed
Th.
Fri.
1178
12
ll78
12
12*0
12*4
12*2
13*8
14*8
123i6
12*4
12*2
13*e
14*8
1230
127,6 12*4
12**16 12*2
125g
1330
1430
12716
12*1,6
13*4
14*4
1330
1430
13*4
1414
STAINED.
125ft
13*4
14*4
Sat.
10316 10516
10916 10**16
lihe 113,6
115i6 H716
119,6 11**16
1030
11 34
H70
12
1178
12
12*0
1230
13*0
14*8
Mon Toes Wed
ugus\
-
400
li>0
1,000
4,100
3.700
4.600
5,000
4.300
2,000
1.200
6.200
5,000
4 100
12 27
12-28
7,000
2,800
11
1130
1130
11*316
Th.
$ lb. 10
7
Middling
10
10*8
10*4
10 34
10k3
I0k2
10*2
1050
10 34
11*8
11
11
11
11*0
U
113,6
11716
1171C
119,6
11**16
SALES OF SPOT AND TRANSIT.
Dull
Dull
Mon
Tues. Quiet.
Wed Quiet at *0 adv’ce
Thure Q’t, st’dy, *8 adv.
j Con-
148
425
306
407
442
.
....
Quiet, rev. quo..
.
Total.
sit.
225
95
....
*70
1,474
....|
Total
3,202
FUTURES.
Tran¬
port J sump. ul’t’n
.
Fri.
8pec-
390
•
•
•
•
Deliv¬
eries.
Sales.
148 96.100
650 81.100
401
89,400
407 106,600
512 95,100
600
400
200
900
1,474 137,600
500
3,592 605,900
2,900
300
For forward delivery the sales have reached
during the week
695,90J bales (all middling or on the basis of middling), and the
following is a etatement of the sa’es and prices :
For April.
Bales.
Bales.
Cts. |
100
800
n-58
1,800
100
11-6 >
1,000
100
800
<500.
400
700
•
•
•
.
.
...
200.
1,500..
•
•
.
.
.
11-61
11-62
11-64
11-67
11-69
.11-75
11-77*
..
800
11-80
11-81
100..-..
■
-
Cts.
8t 11-77
e.n.
11-77
11-78
100 e.n. 1 t 11-79
100 e.ii. 31. 11-79
600
11-79
100 e.n. St 11-80
1180
1,800
400 e.~. l»t 11-81
100 e.n. 2d 11 81
300 °.n. d.. 11 81
700.
11-81
11-82
1,900
V 00
.11\S3
300 c .□ 2d. 11-84
600
11-04
1 300....
11-85
2,000
.11-86
200 e.n 5th 11-87
11-87
1,900.
900....
.11-89
1,100
1 *00
11-90
3 0 8.D 5th .11-91
800.
11-92
300
.11-93
100 e.n 3d. .11-97
100 e.n 5th U 95
100 s."
til 11 98
11-99
3,800
.1200
1,900....
....
...
•
5.(500
For May
300
.11-59
400.
11-60
700.....
.11-62
500
.11-63
11-64
9,000
<100
.11-65
.11-66
1,900
100 8.D. let 11-67
11-67
l.voo.
300 8.
let 11-68
.11-6*
2,300.
200 B.n let .ll-r-9
3,200
.11-69
700
200
11-71
200
.11**2
100
.11-73
100 8.1. 3d. .11-75
•
..
•
•
•
....
«• •
...
..
.
•
.
-
...
■
•
..
*
-
...
•
..
-
-r
.
•
-
.
....
...
•
...
100
300.
..
g.n
...
si*
....
.11-75
11-76
41-76
..
Cts.
11-79
.
4,800
300
1.200
...41-81
41-82
...41-83
7 000
...
...41-87
3,700
200.
900
I,v00.
45,900
....11 91
1193
...
4,700
3,700
3.100
11-97
...11-99
1200
1201
..12 02
1203
1204
...
5, 00
1,1 00
3,100
11,800
0,400
3.600
3,600
4,600....
1,900
..
1,200
..
2,200.
...
.
12 03
12 ( 5
.12 06
1,700
1207
12-08
700
500
12-09
2,300
3,000
5,( 00
3,000
9,100
.12-10
.1211
.42 12
.1213
1214
6.700
.1206
...1207
1208
..
3,200
1 100
5,400
.
12-. 6
.12-17
12-18
4 800
12 15
3,200
12-17
1218
2 300
900
1 800
.1220
12-21
.42-22
12-23
.1:24
1219
7,000
.12-25
....
too,
1201
2,700
6,500
5,700...
7,200....
41-78
090
2,800
...
For Jun°
100....
11-77
...
200
2,900..
1,40 >
...
1,300.
..
11-96
11-97
11 98
2 700
..
4,709
900
For July.
300
11 94
2,600
....
3.000
7,500.
_
1,00'
...11-89
....
..
*100
100
100
11-06
...11-07
11-08
2,4-0
1,200
1100
1110
2,7.0
1 700
500
11-89
1190
1191
li-9!
5,000
3,700
3,000
1,100
500.
1,200.
2,400
3,500
2,600.
5,200
9 0
|j
1131
11-32
11:-3
11-34
12-90 1-9028
11-35
1 ‘ -36
11-37
...11-38
11-39
,
..
,.
..
....
11-95 I
11-96
1V£7 I
11-98
3,800
3 f 00
200
300
3,300.
1,3 0
1,200
200
...
..
....
6 0
For Dceea b^.
100
10-84
20 >.
,....10-86
I... 10-88
300
200
400
10 90
3 0...
10-91
10-92
100
....JO-93
1.100..
10-95
200.
10-96
500
10*97
2,100
809
10-98
1.400
10-90
11-41
11-42 1i
1F4< I I
,
...,.
..
16,000
11-40
2,600...
8.6' 0
500.
700.
1200
46.900
12 01
12 02
12 03
12-04
12-06
-... 12*07
1144
11-45
..
...
....
.
1
...
1,000
1208
3 000
12"(9
1,300.
41,300
12-10
..
...
....
.
500.....
j
For Octobe-.
200
11-18
200
11-19
;
100
900
300.
900
11-49
11-50 I
....
11-00
4,500..
or
...
....
May for Ju c.
>!ry for June.
I
|
..
ber. 10-&7
10-88
1' -89
1000
10-91
10814
700
....
Saturday.
Monday.
Market.
Lower.
Variable.
For
April
..
May.
..
s.n.
.
.
July.. *
August.
Sept’b’r
October
Nov’ber
Dec’ber
Jau’ry
Day.
Closed.
For
Closing.
11-02
11 03
1,000
1,900
16900
For
400
100
100
10-03
10-94
1095
10-90
10-t.7
Ja.uary.
10-93
10-07
11-07
C0J
Day.
for futures,
each day in
Tuesday.
Fi iraer.
Closing.
For
Day.
Closing.
High. Low. Bid. As A High. Lore. Bid. Ask High. Loic. Bid. Ask
11-69-11-60 11-66 67 11-67- 11-58 11-72 73 11-81-11-75
11-71-11-62 11-68 — 11-72- 11-59 11-73 — 11-82-11-75 11-74 75
11-69- 11-67
11-80-11-75
11-90-11-81 11 -87 88 11-91- 11-77
— 12-00-11-91
93
12-06-11-98 12 03 04 1208- 11-94
12 07 08 12-10-12-07
09
12-21-12-13 12-18 19 12-22- 12-09
23 12-3112-22 12-23 —
11-89-11-82 11-86 — 11-90 11-79 11-90 91 12-00-11*90 11-91 —
11-30-11-24 11-26 27 11-33 11-18 11-32 33 11-4111-31 11-34 35
10-93-10-87 10-91 92 11*95- 11-91 10-96 97 i 1-02-10-95 10 95 90
10-88-10-86 10-85 86 10-90 10-84 10-91 92 11 00-10-90 10-90 92
10-9310-93
10-97- —
11-70
11 75
11-75
Finn.
Steady.
Barely steady.
-
—
.
Tr. ord.
—
Futures
Wednesday.
Thursday.
Friday.
Market.
Firmer.
Firmer.
Buoyant.
Day.
Closing.
For
Day.
Closing.
High. Low. Bid. Ask
11-88-11-80 11-80 —
s.n. 11-8211-81
June... 12 05 11-95 11-96 —
May.
..
“
...
Nov’ber
Dec’ber
Jau’ry
For
Day.*
Closing.
High. Low. Bid. Ask High. Low. Bid. Ask
11-92-11-83 11-91 92 12-00-1199 12-01 —
•—
11-91-11-84
11-9811-97
1209 11-99 12 07 08 12-20-1214 1219 —
12-21-12-11 12-12 13 12*25-12-15 12-2412-3612-31 12-36 37
12-36-12-25 12-26 — 12-39-12-28 12-38 — 12-50-12-44 12 49 50
12-03-1192 11-93 - 12-04-11-97 12-02 — 12-10-1206 12 09 —
11-43-11-35 11-35 36 11-45-11-3 ) 11-41 42 11-50-11-44 11-49 50
1105-10-97 10-96 97 1105 11-ul 1101 02 11-10-11-05 1110 11
1100-10-93 10-91 92 11 00-10-96 10-97 98 11 03-1100 11 03 04
—
October
—
—
—
—
—
—
—
—
.
—
—
—
—
-
—
—
—
.
11-80
Tr. ord.
Closed.
*
.11 01
..
*34 pd. to excli. 2 500 May for Ju y.
*18 pi. to exch. 500 May I'crJua^.
Futures
June
..
....
.41-40
...11-47
..
For Nov
500.
200
400
2 00
200
200
1195
Firm.
Barely steady.
11 07-1107
12 05
Firm.
To 2 P. M.
The Visible Supfly of Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain ar.d 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 2), we add the item of
exports from the United States, including in it the exports of
Friday only:
3 879.
635.000
Stock at Liverpool
8tock at London
54,000
136,500
1,000
1,300
...
...
2 600
1 000
Cts.
100
..
3,400
7,800.
3,100.
3 900.
4,5 >>
Bales.
-
...
1 000
,,,,
1,400.
Bales.
3,500
11-05
following exchanges have been made during the week:
to excli.
August.
Sept’b’i
Ex-
1,000
1! 02
...
300
The following will show the
range of prices paid
and the closing bid and asked, at 3 o’clock P.
M., on
the past week.
July
MARKET AND- SALES.
SrOT MARKET
CLOSED.
11-80
Fri.
10
1!516 115,0
11-03
11-04
2,000
1F85
11-6 |
,11-87 I
11-88 I
i1
11-26
10-05
11-00
...1101
.
1,300
1,200
i
ID-98
400..
600
5 0
1,500.
2 900
....
Cts.
1,700
400
800
200
700
.
Bales.
11-27
11- 8
11-29
I
11-81
>00
500
12-45
12-43
For
Good Ordinary
Strict Good Ordinary
Dow Middling
500
3,900
12-39
1241
The
ir:o
2.100
12-38
200.
300
,
11-so I
11-82 I
11-83 I
1,200
2,500
12-20
12-30
12-31
12 32
12-33
1234
lti-35
12-33
12 37
12,200
September.
1,500
...
700
1,200
1,900
12-20
10,300
For
400
Cts.
...11 20
....11-24
.11:5
3,600...
1,200
12-50
1,800
1,000
1,400
12-09
1210
12 11
12 12
12*3
1214
.1215
12 16
32 17
12 18
12 10
...12-20
12-21
12-22
12-24
1-25
3,000
“
11 34
12'J16
For
000
1130
10316 105iq 1030
10&16 10**16 11
114
lihe 11316 1130
ilk!
11°16 11716 1130
mjm 119,6 11**16 ll13ie
1 178
12
1134
1178
107e
112,400
■19 p‘J.
100.
•18 p J. to exch. 200
TEXAS.
Mon'Tues
9laie 10*16
10»ig 107ig
10i316 10*°ig
it1™ 1131G
11510 1171G
11*2
1150
11 58
11%
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd'c
Str.L’wMid
12-33
5.100
12-34
1,000
12-35
12-36 | 15r,800
an
UPLANDS.
April 26 to
Sat.
May 2.
2,100
H,4U0
5,000
Bales.
700....
900....
j
0
6
.
1
4
7
07.1
The market for cotton
past week, and yet such was the firmness of holders that prices
have advanced.
Quota*ions were marked up £c. on Wednesday,
and again |c. on Thursday, to ll|c.
To day, there ,vas a
[Vol. XXVIII.1
|
456
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
8tock
Stock
Stock
Stock
Stock
at
at
at
at
at
Stock at
.
160 250
2,000
41
4
26
43
Hamburg
Bremen
Amsterdam
Rotterdam
000
500
750
750
4,750
3.750
Antwerp
other conti’ntal ports.
Total continental
689,000
ports....
Total European stocks.. ..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
Egypt,Brazil,&c.,aflt for E’r’pe
Stock in United States ports
..
Stock in U. S. interior ports..
United States exports to-day..
.
10,000
296,750
1878.
1877.
1876.
887,000 1,124,000 1,025.000
11,750
44,500
62,564
898,750 1,168.500 1,087,564
238,750
193,750
217,250
5,750
6,750
4,250
34,030
66,000
87.500
7,500
15,000
15,250
43,000
69.500
53,750
49,500
68,000
59,250
11.000
17.250
12,000
7.500
18,750
6,750
23,750
14,500
17,500
421,750
472,250
469,750
985.750 1,320,500 1,640,750 1,557,314
211.000
21G.000
301,000
216,000
405,000
15.000
368,781
48,662
100
490,030
21,030
429,329
46,495
6,000
304,000
451,000
32,000
545,415
65,480
7,000
492,389
65,702
53,000
5,000
Total visible supply
2.039.293 2,524,324 2,895.645 2.870,405
Of tlie above, the totals of American and other descriptions are as
follows:
A. mcriccLti
Liverpool stock
514,000
662,000
Continental stocks
American afloat for Europe
United States stock
253,000
405,000
370,000
490,000
368,781
429,329
727,000
629,000
397,000. 308,000
304,000
451,000
545,415
492,389
Mat
THE
3, 1870.]
United States interior stocks..
United States exports to-day..
Total American
1879.
1878.
1877.
1876
48,662
100
40,495
6,000
65,480
7,000
65,702
5,000
Indian, Brazil, ctic.—
Liverpool stock
121,000
54,000
London stock
Continental stocks
India afloat for Europe
225,000
11,750
51,750
211,000
21,000
43,750
216,000
15,000
Egypt, Brazil, &c., afloat
Ac
397,000
44,500
75,250
301,000
32,000
eter
396,000
62,564
161,750
246,000
53,000
Total visible supply
...2,039,293 2,524,324 2,895,645 2,870,405
658*1.
SVC
57al.
C^d.
These figures indicate a decrease in the cotton in
sight to-night
of 485,031 bales as compared with the same date of
1878, a
Price Mid. Upl., Liverpool—
decrease of 856,352 bales as compared with the
corresponding date
of 1877, and a decrease of 331,112 bales as compared with 1376.
nine inches and seventy hundredths.
Balias, Texas.—It has rained on one day the past week, a
shower, the rainfall reaching twenty hundredths of an inch.
Crops are doing well, and ■ cotton-planting is about finished.
Average thermometer 71, highest 86 and lowest 55. The rainfall
for the month of April is eleven inches and
fifty hundredths.
Last week’s telegram was as follows: Rain fell here on
two
days, an overwhelming flood, and much damage is believed to
have been done. Fields were washed, streams
overflowed, rail¬
roads submerged end bridges
destroyed—most disastrous flood
ever known in this
region. Cannot ascertain extent of damage
yet. The thermometer had averaged C6, the highest being 83
and the lowest
At the Interior Ports the movement—that is the
and shipments for the week, and stocks
out
statement:
Week
Receipts Shipm’ts
240
324
34
875
188
Augusta, Ga
Columbus, Ga....
Macon, Ga
Montgomery, Ala
receipts
to-night, and for the
in detail in the following
ending May 2, *79.
Stock.
1,008
5,181
437
347
70S
452
4,289
1,008
2,863
Week ending
May 3, ’78.
Receipts Shipm’ts Stock.
475
214
6,855
4,573
1,252
31,397
58
511
423
7.57
535
465
1,001
6,193
61S
1,804
2,698
7,933
2,141
Selma, Ala
Memphis, Teun..
2,136
Nashville, Tenu..
156
792
2,672
363
601
23,032
1,897
Total, old ports.
3,953
7,570
48,662
4,742
11,913
46,495
Dallas, Texas....
Jefferson, Tex..
Shreveport, La
Vicksburg, Miss
124
89
133
300
265
852
86
386
250
65
513
451
800
691
800
O
c
4,586
2,099
201
266
686
656
101
125
550
933
21
75
7
275
165
129
3,294
4,593
4,684
3,713
13,814
8,015
1,901
3,733
Total, new p’rts
10,732
15,722
30,300
8,015
Total, all
14.685
23,292
78,962
.
909
838
..
.
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
20
220
14
185
199
247
583
2,164
950
209
834
225
1,148
752
2,523
438
217
863
290
4.738
11,387
4,746
6,563
14,436
29,055
-
46.
Brenham, Texas.—There has been
no rainfall
during the week.
The recent rains have done great good, and
crops are growing
fast.
Average thermometer 74, highest 84 and lowest 64. The
rainfall during April has reached seven inches and s
xty-five hun¬
Last week’s telegram was as follows: We have
dredths.
had
rain here on two days, the hardest ever
known, with a rainfall
of seven inches and twenty hundredths Much
damage was done,
and rivers rising twenty feet in one night. Uplands
are mainly benefitted, but the lowlands will
suffer.
Roads are
impassable, and cannot ascertain much as yet. Average ther¬
mometer 71, highest 81 and lowest 64.
New Orleans, Louisiana.—There has been no rainfall the
past
week.
The thermometer has averaged 71. The rainfall for
the
month of April is seven inches and
twenty hundredths.
2,750
1.230
359
175
17
many streams
419
1,200
421
Shreveport, Louisiana.—The weather here has been very
pleasant and roads are in good condition. The thermometer has
averaged 72, the highest being 83 and the lowest 61. The rain¬
fall for the week is fifty hundredths of an inch.
Vicksburg, Mississippi.—The weather during the past week
12,757
26,349
75,550
The above totals show that the old interior stocks have
decreased during the week 3,617 bales, and are
to-night 2.167
hales more than at the same period last year.
The receipts at the
same towns have been 789 bales less than the same week
last
year.
Receipts from the Plantations.—The
has been too cold.
Columbus,
like the
Mississippi.—Telegram
not received.
Little Bock, Arkansas.—There have been but few clear
days
the past week, and more rain has fallen than was
needed,
though no harm done so far. It is now clear and pleasant.
Average thermometer 64, highest 89, and lowest 48.
The
rainfall for the week is four inches and
twenty-two hundredths,
following table is
of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more
largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
prepared for the
up-country rain has
Average thermom¬
70, highest 78, and lowest 57.
Indianola, Texas.—We have had -warm, dry weather the past
week, and are needing rain badly. Average thermometer 74,
highest 85, and lowest 63. There has been a rainfall during the
month of eiglity-seven hundredths of an inch.
Corsicana, Texas.—There has been a shower on one day
during
the week, the rainfall
reaching twenty-two hundredths of an inch.
Crops are prosperous since the recent rains. The thermometer
has averaged 71, the highest
being 86 and the lowest 55. Wehave
had a rainfall of eleven inches and
fifty-seven hundredths during
April. Last week’s telegram was as follows: It rained on two days,
a
deluge. Much damage was done by water everywhere, and
many casualties are report d. T he thermometer had ranged from
46 t> 83, averaging 65.
The rainfall, which was unprecedented,
reached
449,750
520,500
849,750
919,314
1,589,543 2,003,824 2,045,89o 1,951,091
corresponding week of 1878—is set
457
inch and seventy-five hundredths.
In the
been excessive, and it has been
very stormy.
1,589,543 2,003,824 2,045,895 1,951,091
East
Total East India,
Total American
CHRONICLE.
purpose
for the month five inches and
sixty-nine hundredths.
Crop prospects were never better, both for grain and cotton.
Nashville, Tennessee.—It ..has rained during the week on three
days, the rainfall reaching forty-eight hundredths of an inch.
The thermometer has averaged 66, the
highest being 83, and the
and
following:
RECEIPTS FROM PLANTATIONS.
lowest 48.
Week
ending—
Jan.
3
44
10
44
17
44
24
14
31
Feb.
44
7
14
Receipts at the Ports. Stock at Inter’ r Ports Rec’ptsfrom Plant’ns
1877.
21
44
28
68,615
7
50,742
44
14
44,537
44
21
44
28
32,366
30,397
26,287
21,183
18,010
26,641
16,560
Apr.
4
44
11
44
18
44
25
May 2
1879.
115,268 165,755 143,155
101,132 142,099 121,091
115,015 153,727 113,613
109,447 104,059 148,640
138,374 159,18(1 167,097
140,006 137,138 171,608
120,720 120,090 150,841
88,068 109,736 134,328
44
Mar.
1878.
94,349
90,947
82,264
75,723
65,470
59,886
51,391
39,016
38,856
31,196
110,047
83,266
78,490
60,202
60,698
54,283
44,851
40,187
36,183
22,283
1877.
249,905
223,007
214,057
195,082
1878.
253,239
236,293
237,380
242,013
182,240 244,494
179,206 240,708
174,977 233,103
173,478 226,685
173,178 210,935
109,291 192,465
165,747 169,636
158,041 146,653
151,199 131,795
140,649 119,991
133,303 108,633
128,411 95,979
117,074 89,142
107,534 75,550
1879.
1877.
Memphis, Tennessee.—Rain has fallen on five days of the week,
a depth of one inch and
seventy-eight hundredths. Planting
1 is about
completed in this neighborhood, and much is up ana
looking well. The weather has been too cold, the thermometer
ranging from 53 to 81, averaging 65.
Mobile, Alabama.—It has rained severely two days, the rain¬
fall reaching one inch and eighty
hundredths, but the balance of
the week has been pleasant.
Planting is progressing, and the
crop is developing finely.
Average thermometer 71, highest 86,
and lowest 58.
During the past month we have had six and
forty-two hundredths inches of rain.
Montgomery, Alabama.—No rain has fallen during the week.
The thermometer has averaged 71, the
highest being 87, and the
lowest 5S.
The rainfall for the month of April is four inches
and fifty-two hundredths.
Selma, Alabama.—We have had a slight rain during the week
on
one day.
The days have been warm, but the nights have
'
to
1878.
1879.
281,634 108,776
253,647 74,234
233,236 106,065
218,585 90,472
220,935 125,532
214,117 137,032
190,765 116,431
182,240 86,569
170,438 68,315
165,619 46,855
159,418 40,993
141,012 24,660
131,463 23,555
110,879 15,737
107,005r 13,897
91,966
87,294
78.9P.2
157,118 130,508
125,153 93,104
154,814 93,202
168,692 133,997
161,667 169,447
133,352 164,790
112,485 127,489
103,318 125,809
78,599 98,239
72,477 78,447
59,43d 72,289
52,740 42,390
50,612 50,549
48,082 39,099
40,033 34,977
13,058 26,362 25,148
15,304 32,019 31.511
7,020 17,604 13,^51
been cold.
Madison, Florida.—We have had rain on one day, but the rest
pleasant. The thermometer has averaged
68, the highest being 81, and the lowest 55. The days have been
warm, but the nights have been cold.
Planting in this vicinity
is about completed.
Macon, Georgia.—Rain has fallen during the week on two
days. The thermometer has averaged 76.
Columbus, Georgia.—It has rained severely two days during the
week, the rainfall reaching one inch and ninety hundredths.
The thermometer has averaged 75.
We have had a rainfall of
one inch and
eighty hundredths during the month of April.
Savannah, Georgia. —Rain has fallen on two days, to a depth of
twenty-five hundredths of an inch, but the rest of the week has
been pleasant.
The thermometer has ranged from 62 to 88,
of the week has been
The above statement shows—
1. That the total receipts from the plantations since
Sept 1 in
1873-9 were 4,390,317 bales; in 1877-8 were 4,172,371
bales; in
1876-7 were 3,909,"438 bales.
2. That although the receipts at the out
ports the past week
were 22,283 bales,
’.he actual movement from plantations was
only 13,951 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
same week were 17.604 bales, and for 1877
they were 7,020 bales.
Weather Reports by Telegraph.—The weather this week
has in general been very favorable for the
development of cot¬
ri he rains in Texas last week
appear not to have been par¬
ton
ticularly injurious to the
Galveston,
crop.
Texas.—The weather
averaging 72.
Augusta, Georgia.—The earlier part of the week we had
heavy and general rain, the rainfall reaching ninety-five hun¬
during the week has been
and dry, the thermometer
averaging 74, and ranging
62 to 81.
The recent rains,
though too hard and
warm
from
doing
some
damage, have been of immense benefit. The rainfall lor the
past month is two inches and fifty-two hundredths.
Last week’s
telegram, which was received too late for publication, read as
follows : The long-des red rain has Come at last
throughout the
State, rain having fallen here
on
four days, to a depth of
one
dredths
pleasant.
of
an
Average therThe rainfall for the
April aggregates five inches and fifty-three hun¬
jI mometer
68,
month of
I
dredths.
inch, but the latter portion has been clear and
Planting is making good
progress.
liiglie3t 85, and lowest 58.
Charleston, South Carolina.—We have had light rains
during^
[Vou XXV111.
THE CHRONICLE
458
that the receipts since Sept. 1 up to
210,365 bales more than they were to the same
day of the month in 1878, and 476,647 bales more than they
The following statement we have also received by telegraph,
were to the same day of the month in 1877.
We add to the last
showing the height of the rivers at the points named at 3 o’clock table the percentages of total pert receipts which had been
May 1, 1879. We give last year’s figures (May 2, 1878) for received May 2 in each of the years named.
comparison:
May 1, *79.
May 2,’78.
Error in Visible Supply Last Week.—We regret extremely
Feet. Inch.
Feet. Inch.
that, through an incorrect reading of one word received by cable, a
New Orleans
Below high-water mark
4
7
4
4
Memphis
4
Above low-water mark... 17
29 11
very serious error was made in our visible supply statement of
0
10
Nashville
Above low-water mark... 12
'12
Shreveport
Above low-water mark...
9
1
16
6
last week.
The error was not disc overed until Monday, when we
3
Vicksburg
Above low-water mark... 33
39
9
immediately notified our Cotton Exchange and the corrections
New Orleans reported below high-water mark of 1871 until
were posted there.
The defect was in the American afloat for
Sept. 9, 1874, when the zero of gauge was changed to high-watei
all Europe, the correct total being 486,000 bales, instead of 583,mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 10 feet above low-water mark at that point.
000 as given, making the completed statement as follows :
1877.
American—
1879.
1878.
1876.
Comparative Port Receipts and Daily Crop Movement.—
Liverpool
stock
477,000
640,000
755,000
620,000
A comparison of the port movement by weeks is not accurate,
Continental stocks
258,000
344.000 377,000 304,000
as the weeks in different years do not end on the same day of the
American afloat to Europe
486,000
533,000 328,000 468,000
397,834 445,757 573,426 533.521
month.
We have consequently added to our other standing United States stock
United States interior stocks..
52,279
53,666
72.187
70,759
tables a daily and monthly statement, that the reader may con¬
4,000
United States exports April 25
500
5,000
3,000
stantly have before him the data for seeing the exact relative
Total American......bales.l,671,613 2,021,423 2,109,613 1,999,280
movement for the years named.
First we give the receipts at
East Indian, Brazil, etc.—
each port each day of the week ending to-night.
Liverpool stock
129,000 222,000 390,000 401,000
PORT RECEIPTS FROM SATURDAY, APRIL 26, ’79, TO FRIDAY, MAY 2, '79.
has averaged 72, the
two days.
The thermometer
extreme range having been G2 to 86.
the week
on
This statement shows
to-night
are now
..
„
Wil¬
New
Or¬
7? leans.
B OD
4
Mo¬
bile.
Char¬ Savan¬ Galvest’n.
nah.
leston.
Nor¬
folk.
All
ming¬ others.
ton.
Total
506
108
634
438
3
499
2,563
Mon
1,034
382
77
966
97
477
4
989
Tues
854
102
151
513
19
834
31
766
4,026
3,270
Wed
1,480
132
68
374
227
743
50
321
3,395
Thur
164
277
72
440
444
586
564
217
722
3,640
2,575
6,454
1,004
3,800
6,779
22,283
Fri..
1,288
267
268
52
Tot..
5,195
1,666
744
2,979
The movement each month since
Year
Monthly
Receipts.
1878.
October..
288,848
689,264
Novemb’r
779,237
Sept’mb’r
Decemb’r
January
February.
.
March...
April
....
893,664
618,727
566,824
303,955
167,459
1877.
93,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
28
....
116
Sept. 1 has been as follows:
Beginning September 1.
1876.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
1875.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
1874.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
1873.
115,255
355,323
.576,103
811,668
702,168
482,688
332,703
173,986
20,000
afloat
Egypt, Brazil, &c.,
375
Bat..
55.750
34,750
194,000
Loudon stock
Continental stocks
India afloat for Europe
46,250
71.250
229,000
13.250
55,500
196,000
34,000
22,000
65,250
158.000
246,000
51,000
433,500 508,750 770.500 921,250
1,671,613 2,021,423 2,109,613 1,999,280
Total East India, &c
Total American
Total visible supply
2,105,113 2,530,173 2,880,113 2,920,530
According to these figures, the decrease in cotton in sight
April 25 would be 425,060 bales compared with the same date of
1878, and 775,000 bales compared with the corresponding date of
1877, and 815,417 bales as compared with 1876.
Bombay Shipments.—According to our cable dispatch received
to-day, there have been 5,000 bales shipped from Bombay to
Great Britain the past week and 25,000 bales lo ihe Continent:
while the receipts at Bombay during this week have been 44,000
Th? movement since the 1st of January is as follows.
bales.
These figures are brought down to Thursday, May 1.
Shipments this week
Great
Brit’n.
Conti¬
nent.
Receipts.
Shipments since Jan. 1.
Great
Conti¬
Total. Britain.
This
Total.
nent.
5,000 25,000 30,00o 114,000 163,000
6,000 16,000 22,000 194.000 264,000
1877 10,000 38,000 48.000 236,000 232,000
1879
1878
Week.
277.000 44,000
458,000 36,000
468,000 58,000
8ince
Jan. 1.
442,000
572,000
702,000
forego-ng it would appear that, compared with lastthere has been an increase of 8,00) bales in the week’s
shipments from Bombay to Europe, and that the total movement
sinceJanuary 1 shows a decrease in shipments of 181,000 bales,
statement
shows
that
This
up to April 30 the receipts at the
ports this year were 208,183 bales more than in 1877 and 473,192 compared with the corresponding period of 1878.
Gunny B^gs, Bagging, &c.— Bagging has been rather quiet
By adding to the
Dales more than at the same time in 1876.
above totals to April 30 the daily receipts since that time, we during the past week, and we do not hear of any round lots
shall be able to reach an exact comparison of the movement
being taken, though a fair demand is reported for small parcels.
The feeling is about steady, with holders quoting 8£@l«;c., ac¬
for the different years.
cording to quality. Butts have been in full supply during the
Tot.Ap.30 4,307,978 4,099,790 3,834,786 3,921,275 3,319,082 3,549,894
Perc’tage of tot. port
93-31
94-91
9356
94*96
94-34
receipts April 30.
1878-79.
Tot.Mr.31
9,393
“
5....
5,570
6,785
11,23C
5,491
*
6....
S.
«
7....
10,317
«
8....
9,222
«
9....
"
10....
5,310
6,862
7,649
6,885
2....
“
3....
“
4....
“
XI.,..
“
12....
S.
13....
“
14....
“
15....
M
16....
“
17....
8,081
6,566
5,199
4,350
9,106
4,423
“
18....
“
19....
«
20....
8.
“
21....
10,014
6,243
4,541
3,512
“
22....
“
23....
“
24....
«
25....
“
26....
“
27....
“
28....
“
u
29
...
30....
1876-77.
1875-76.
1874-75.
1873-74.
4,140,519 3,901,825 3,734,592 3,757,682 3,185,484 3,3^5,908
Apr. 1
“
1877-78.
•
7,450
2,563
8.
4,026
3,270
3,395
15,764
9,834
6,649
5,114
14,158
5,817
S.
11,515
9,724
9,790
4,729
9,816
6,299
S.
7,629
5,707
6,484
4,910
7,987
5,557
8.
S.
5,311
6,277
4,836
3,083
4,915
3,164
S.
5,973
4,406
4,484
2,347
2,641
2,794
S.
5,136
2,579
4,682
1,561
2,724
4,995
S.
9,090
4,948
4,646
3,346
11,269
5,519
5,923
3,075
7,402
3,064
2,680
S.
1.502
7,474
4,190
S.
4,640
8,735
S.
15,839
7,091
9,576
4,483
10,114
6,441
8.
10,675
6,138
6,639
5,112
6,987
4,782
S.
6,759
5,231
4,698
2,865
6,478
3,714
S.
8,379
4,547
3,592
3,478
5,184
2,956
3,097
4,505
5,976
5,160
S.
8,578
8,487
6,045
4,485
7,523
5,319
S.
11,214
6,901
8,003
7,629
S.
12,987
8,291
7,694
6,812
5,842
5,637
S.
10,101
6,189
.6,008
3,285
6,374
2,983
9,347
6,527
6,847
4,918
S.
5,721
6,077
3,469
3,897
2,843
3,426
2,327
S.
4,643
3,932
4,375
3,141
4,447
From the
year,
the arrivals being heavy, and these parcels going
somewhat lessened the demand, but there has
been enough inquiry to maintain a steady market.
Early in the
month, a lot of 2,000 bales was sold ex ship at 2c. cash, since
which time there has been but little change to be noted, and
holders are still quoting 2£@2 7-16c., the latter for prime spin¬
ning butts. Futures have been in good request, and transactions
have taken place to the extent of 3,090 t ales of good bagging
quality, at 2 3-16@2§c., with holders quoting these figures at the
past month,
into manufacture
close.
The Exports of Cotton
table showii g
the experts
direction, for each of the last four weeks; also
and direction since Sept. 1, 1878. aud iu the last
for the same
Exports of
<.
Exported to—
S.
9.
5,672
3,821
5,078
6,471
S.
5,735
6,594
3,972
3,301
Liverpool
Other British
Total to Great
Havre
Britain
April
23.
30.
5,212
4,898
5,764
2,759 212,157 277,584
11,860
5,023
100
115
11,960
5,138
179
13,708
17,594
2,200
------
2,202
2,835
4,957
10,182
2,379
......
18,745
32,733
393
150
ports
Grand total—
Europe
Spain, Op’rto, Gibralt’r,
150
715
•
715
5,610
&c
All other
5,610
&c
5,362
2,063
4,812|
HiMiibnro-
Other
year.
5,764 2,759 207,345 275,521
393
Bremen and Hanover
Percentage of tot;*
pt. rec’pts May 2
93'56
April
period
previ’us
4,898
Total French
Total Spain,
April
16.
ports
Total..... 4,317,007 4,106,642 3,840,360 3,927,923 3,321,583 3,559,269
94-98
L
Total to
date.
5,212
:
Other Free eh
Same
Week ending—
ports
Total to North.
93-72
April
New York since Sept. 1, 1878.
7,991
4,007
the total exports
column the total
period of the previous year.
Cotton (bales) from
4,307,97 4,099,790 3,834,7S6 3,921,275 3,319,082 3,549,894
3,097
4,399
2,501
2,013
4,145
2,57May 1,...
«
S.
4,976
3,551
3,561
2,707
6,454
2....
9510
reaching 3,474
give our usual
of cotton from New York, aud their
decrease, as compared witli last week, the total
bales, against 5,764 bales last week.
Below we
6,974
T’l Apr. 30
94-50
from New York this week show a
-
2,398
2,398
7,670' 5,764' 3,474 218,472 317,853
Mat
CHRONICLE
THE
3, 1879.]
foliowing are the receipts of cotton at Nevr York, Boston,
Philadelphia and Baltimore for the past week, and Biace Septem¬
ber 1, 1878:
159
The
Philadelpliia. 1
Boston.
New York.
Receipts
This
This | Since
Since
This
week. Sept. 1. week. Sept. 1. week.
from—
N. Orl’ans
7,860 125,205
Texas
Savannah
111,852
131,803
....
i‘,627
3.645*
973
1,100
Mobile
29
Florida...
S. Carolina
N.Car’lina
Baltimore.
This | Since
Sept.l. week. Sept. 1.
Since
6.223
840
11,727
33,208
1,100
3,040
217 21,630
793
43,948
Foreign..
^19,878
89,581
38,505
139,003
6,506
143,668
6,216
This year.
12,412 812,217 10,941
304,099]
1,618 79,082
1,375147,570
i
Last year.
11,612^822,673
306,570!
1,384 63,624
2,360 134,293
564
891
601
144
696
Virginia..
North.p’ts
Tenu., <&c.
18,148
13,059
51,388
36
546
100
535 49,391
2,419 111,538
2,269 90,805
21,000
Total import bf the week
Of which American
Actual export
Amount afloat
Of which American
5,507
United
reached
as
New York—To Liverpool, per steamers Erin, 640 — Algeria,
197
Germanic, 577
per ship Nartfell, 1,345
To Havre, per steamer France, 715
New Orleans—To Liverpool, per steamers Ganges, 2,425
2,759
715
Chancellor, 1,283
Agia Sofia, 5,105
ships Union, 2,734
22,717
Orient, 6,872
Cronstadt, per ship Saranak, 3,244
per bark Artillerist,
per
1,701
To Barcelona, per steamer Martinique, 473
To Vera Cruz, per steamer City of Mexico, 912
Mobile—To Liverpool, per bark Crescent, 2,017
Charleston—To Bremen, per bark Mercur, (additional)
95
Upland
To Reval, per bark Iris, 1,775 Upland
To Barcelona, per bark Antonieta, 1,200 Upland
Baltimore—To Liverpool, per steamers Peruvian,
481 and 50
Hibernian, 547
Victoria, 3,426
bags Sea Island
Samaria,
Boston—To Liverpool, per steamers
Altmore, 150
Philadelphia—To Liverpool, per steamers Lord Clive, 350
Naples, 17
300
are as
4,945
473
912
2,017
95
1,775
1,200
1,078
3,876
42,929
particulars of these shipments, arranged in our usual form,
followa:
Brepool. Havre, men.
2,759
715
Reval. stadt. Iona. Cruz.
4,945
22,717
2,017
Mobile
Charleston
Baltimore
912
473
...
1,200
95 1,775
29,047
2,017
367
32,814
Total
3,474
1,078
3,876
367
Philadelphia
Total.
3,070
1,078
3,876
Boston
912 42,929
95 1,775 4,945 1,673
715
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Below
we
City or Limerick, steamer (Br.), from New
Orleans for Liverpool,
Queenstown April 16 with a heavy
She proceeded.
Ganges, steamer (Br.), Baker, from New Orleans for Liverpool, put into
Key West April 27 to repair machinery. She sailed again on the
29th having repaired.
Lartington, steamer (Br). See brig Nautilus (Ger.) below.
Bobinia, steamer ( Br.) Jones, from New Orleans, which went ashore at
Vargoe, got off and reached Reval April 13.
Marcia Greenlkaf, ship, Bunker, from New Orleans for Reval, put
into Queenstown April 24 leaking ten inches per hour. A diver had
been engaged to And the leak.
Mary E. Riggs, ship (1,277 tons, of Bath, Maine), Langdon, from New
Orleans with a cargo of 4,942 bales of cotton, April 16, for Bremen,
went ashore April 21 on French Beef, (Bahamas) and hilged.
Wreckers left Key West April 24 for her assistance.
Anastasia, bark (Span.), from Savannah for Ferrol, before reported at
before reported, arrived at
list to port and short of coal.
St. Thomas in distress, has
sold by auction April 21.
damaged cotton ex-steamer Lartington (Br.), from Savannah for
Reval (before reported wrecked), and would sail for New York in a
days.
March 5th. The Swedish brigantine Fanny Aurora,’ from Wilmington,
which arrived at Queenstown April 11, reports that on March 5
picked up a bale bf cotton without marks or numbers, in lat. 32 N.,
Ion. 72 W.
Cotton
freights the past week have been as follows:
Mon.
Satur.
Liverpool, steam d.
sail., d.
do
Havre, steam
do
..
..'@*4
Tues.
Wednes.
....-@*4
....®*4
Thurs.
.
..'2>34
Fri.
4
316®732 316'®732 316'a>732 316'®732 310®73» 316®732
....'©
c.
sail
5g*
c.
....
©
5g* ....'@5q*
3
....©hi
**2'3'9l6 *Lj@9]ig **2©916 **2® 9^g *l2®9j0
1B32®12
1532'®1fl I&32®12 1B32®12 1532'©1<I
1B32® *2
*9i6® 5g *9lg® 5g *9i6'5)58
Hamburg, steam, e. *9j0®53 *916'® ®8
Bremen, steam, .c.
do
do
sail
sail
16
c.
...c.
...
do
sail..
Baltic, steam
do
*
sail
c.
..../S>12
.@*2
Amst’d’m, steam c. ....@5q
®...
,...'2>5g
®...
®...
..../5>12
....@5g
®...
....'S>58
®.._
d. ....'2>716 ..../2>716 ..../2>716 ....'2>716 ....@720 -...‘2>710
d.
Compressed.
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &c., at that port,
9,000
.
549,000
442,000
21,000
14,000
7,000
336,000
267,000
74,000
11,000
59,000
4,000
10,000
635,000
514,000
104,000
97,000
4,000
251,000
6.000
313,000
216,000
142,000
)
p.m.J
Market,
?
5 P. M.
$
Friday.
Mod.
inq. Eas’r, and
freely
fr’ction’ly Harden’g. Buoyant.
supplied. cheaper.
Mid. Upl’ds
6*2
638
65iq
65ig
Mid. OiTns.
6%
6%
691S
67ig
Market,
12:30
Sales
8,000
1,000
7,000
1,000
Spec. & exp.
18,000
4,000
8,000
1,000
Firm.
Strong.
6*2
63*
69i6
6U16
12,000
14,000
3,0L0
3,000
Futures.
Market,
5
P. M.
Firmer,
£
j
more
Firm.
buy.
at 1st. quo.
Active
Quiet,
and
firmer.
steady.
but
Strong.
Strong.
The actual sales of futures at Liverpool, for the same week, are given
These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
below.
Delivery.
d.
Delivery.
June-July
July-Aug
d.
April
6H 32
May-June. 638-1132~516
63s
Delivery.
I
Aug.-Sept
6716 | May-June
d.
6i532
6H32
Monday.
Delivery.
Delivery.
I
Delivet'y.
6332 I Aug.-Sept
Apr.-May
6932 1 April
May-June
..6516®932 | May-June
June-July ...6U32'a>5]p, I July-Aug
July-Aug... 63s-1332-38 I Aug.-Sept
6716
April
6*4
6M
6H32
..
Delivery.
April
Apr.-May
May-June
June-July
July-Aug
Aug.-Sept
Sept.-Oct
April
I
6ii32
6ii32
6**30®%
6i332
July-Aug
April
April-May
May-June
Sept.-Oct
638
6932
6932
6932
6716'S)i532
Delivery.
Aug.-Sept
Delivery.
I Apr.-May
June-July.
| July-Aug
61332 Aug.-Sept
6i532 Sept.-Oct
May-June
6*2
6*2® 1732 June-July
6%
6718
6*2
6i732
6916®*932
-61332
6i532
Delivery.
April
61^32-12-7732 June-July
69jg
62i32
April-May
6i»32'2> *2 Sept.-Oct
May-June.
6*032® *2 May-J uue— 6*739®^
6*932
June-July
6*2a>1732 June-July
6s*
July-Aug
69i«
July-Aug
Aug.-Sept.. .6i°32®®8 Aug.-Sept ..62i32®**in
■6**16
Sept.-Oct
Sept.-Oct
638
Delivery.
..
.
.
69iq
67,6
April
Apr.-May
May-June
67,q
July-Aug
61733
Sept.-Oct
658
Oct.-Nov.:
61732
6i332
Delivery.
May-June
61732
June-July
69.6
July-Aug
6*932
Aug.-Sept
62i32
Sept.-Oct— 62332®iiig
Shipment.
Oct.-Nov, sail
6%
Thursday.
Delivery.
Delivery.
6*732 Sept.-Oct
6i732/?s>12 May-June
6*732®> Mi June-July ....6*732-916 May-June
June-July 6?ie-i®32-9i« Aug.-Sept
62i32 July-Aug
J lily-Aug. 61%2- 58-1932
Aug.-Sept
Delivery.
May
May-June
Aug.-Sept.6Hie-ai32-®8 Jnne-July
Sept.-Oct
May
6Hig
6i732
July-Aug
Aug.-Sept
6*^32
6%
6Ui«
Shipment.
Sept.-Oct., sail
62332
62jq
62l32
62332
638
Friday.
Delivery.
Delivery.
June-July
62332
May
65s
6%
May-June ..658-2130-53 July-Aug
June-July ..62i32®iii« Aug.-Sept.’
6i316
6isls
Juljr-Aug
62333 Sept.-Oct
6**i«
Aug.-Sept
63*®2B32 May
6i:ie
Sept.-Oct
62B32 May-June
Oct.-Nov
6®8
June-July
6%@2332
May
62i32 July-Aug... 62532®1316
May-June
62i32
DeUvtry.
Aug.-Sept.. 627323i131s
Sept.-Oct
62732
May-June
62332®
June-July. 6 34-2632_i 3lft
July.-Aug
..62733
Aug.-Sept
Sept.-Oct
62732®78
678®2«32
Oct.-Nov— 62132®Ui8
BREADSTUPFS.
been condemned, and was to have been
Nautilus, brig (Ger.), from Porto Cabello, which put into Bermuda
April 6 (as before reported), remained 24th, taking in a cargo of
few
46,000
4,000
56,000
6,000
42,000
3,000
7,000
606,000
477,000
100,000
77,000
Wednesday.
Cron- Barce- Vera
LiverNew York
New OiTns
5,000
Tuesday.
367
Total
The
61,000
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y
Spot.
Teutonia, 4,298
To
.
......
59,000
8,000
39,000
4,000
6,000
587,000
475,000
70,000
59,000
5,000
264,000
217,000
The tone of the Liverpool market for spots and futures, each day of
the week ending May 2, and the daily closing prices of spot cotton,
have been as follows:
7
the Southern porta are concerned, these
are the same exports reported by telegraph, and published in
ThE Chronicle* last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
Total bales.
So far
Sales of the w*eek
bales.
Forwarded
8ales American...t
Of which exporters took ....
Of which speculators took..
Total stock
Of which American
May 2.
27
1,401 53,572
Shipping News.—The exports of cotton from the
States the past week, as per latest mail returns, have
42,929 bales.
April 10. April 18. April 25.
Friday, P. M., May 2, 1879.
moderately active the past week,
The demand has been
fair for export. West India shippers buying freely and giving
strength to medium extras from winter wheat, and fair extras
from spring wheat. There has also been a fair home trade.
South American buyers have bought more freely of Southern
flours. To-day, there was a firm and partially dearer market,
with a good business done.
The wheat market has been more active, and prices show
some improvement.
The comparatively small receipts at the
for
some
West
time, the unfavorable weather for the spring sow¬
ing in many important localities, and the gradual reduction of
stocks, have encouraged speculation. There has also been a.
brisk export demand.
Yesterday, the business was large,
embracing No. 1 white $111(5)111%, spot and May, and $111%
@112% for June; No. 2 red winter $113%@114, spot and May,
and $114@114% for June ; No. 2 amber $112 on spot and for
May and June ; spring nearly nominal. To-day, there was a
general improvement, No. 2 spring selling at $1 03 on the spot
and $1 00% for June ; No. 2 red winter was %@%o, higher, but
No. 1 white only slightly advanced.
The flonr market has been
with rather
more
steadiness to prices.
THE CHRONICLE.
460
materially improved early in the week, No.
mixed going at 43%@44e.; steamer do., 43%c.; and No. 3 at
42@42%c.; but the market has latterly weakened, under free
offerings on Western account. Yesterday, at the reduction
there was a pretty brisk business, including No. 2 mixed 43}<ic.
spot and May, and 43%@44c. for June ; steamer mixed, 42%@
43c. on the spot, and 42%c. for June ; and No. 3, 41 %c. on the
spot; also, No. 2 white, 47c. Southern corn continues in lim¬
ited supply. To-day, the market was a shade firmer, but with¬
out decided advance, and quiet.
Rye has shown a hardening tendency, after a material de¬
cline, which took place early m the week, with No. 2 Western
selling in large quantities at 56/£@57c. The close is dull
Barley is nearly nominal.
Oats have further advanced, with an upward' tendency ; yes¬
terday, No. 2 mixed sold for June delivery at 33/£c. To-dilay
the market was quiet, with No. 2 graded closing at 33c. for
mixed, and 34for white.
Indian
corn
closing quotations
The following are
:
Grain.
Flour.
Superfine State & West¬
3 20® 3 6>
3 70® 3 ao
ern
Extra State, &c
Western spring
92
spring.bueb. $0 01®
No. 2 spring
1 01® 1 03
Rejected spring
76®
78
Wheat-No.3
03
$ bbl. $2 40® 3
No. 2
wheat
Red winter No. 2
White
No. 1 white.
3 65® 3 F5
4 10® 5 75
extras
do XX and XXX
do winter shipping ex¬
1 14J4® 1 15
1 08® 1 13
1 11#®1 ny2
Corn—West’n mixed
do
No.
2,
new
yellow Southern new.
XX and XXX..
do
Minnesota patents
3 85®
4 25®
5 25 »
City shipping extras
3 80®
—
mily brands.
ehipp’g extras.
Rye flour, superfine
Corn meal—Western,&e.
4 75® 6
Barley—Canada West
4 00^ 4
State, 4-rowed....
2 85® 3 20
Corn meal—Br wine. &c.
2 50® 2 55
tras
Southern bakers’ and fa¬
Southern
white Southern
44®
56®
State and Canada
Oats—M ixed
White
00® 61 ^
32,®
34®
®
....®
®
75®
Peas—Canada bond&free
.
92
Milwaukee.
Toledo
Detroit.
Cleveland.
...
.
Wheat,
Corn,
Oats,
Barley,
Rye,
bhls.
bush.
bu-h.
bush.
bush.
bush.
(60 lbs.)
(56 lb*.)
i70 239
824,052
37,; 08
167,0 CO
150
4 6)9
G ;.52i
15,399
162,355
163,557
5.0)6
2,549
3,000
161,6)0
24.ro
199,783
10,560
411,745
3,142
•.
*
"
6,250
450
28,051
9,000
32,500
V 8.7 9
561,96)
65.413
123,214
356,717
506,414
411,484
7,144,004
6,342.521
4,507,265
5,665,704
65,364
1,911,139 lp, 57,452 23,479,2>2
1,355,325 5,225,801 20,'8\868
1,569,202 10,840,^23 19,092,576
Same time 1878
Same time 1677
Same time 1676
10.982
21,778
(48 lbs.) (56 lbs.)
15,380
10,528
4,455
11,872
19.794
241,030
89‘,987 1,624.678
858,145 1,180.434
Corresp’ng week,’78. 110.149 1,155,896 1,665,361
98,026
435,798 1,931,508
©orresp’ng week,’77.
2,091,418 1 7,766.224 23,242,798
t|
276,757
52,056
17,600
90,987
83,SCO
2,325
Peoria.
Duluth.
(32 lbsO
.
Oats,
Barley,
bus*.
bush.
bush.
2,118.911
l,085,Snl
bu-h.
560.5)5
60;)
2 >/-0)
59,500
40’,734
58,000
341,606
293,074
81,782
251,0-2
111,000
119,462
Chicago
6 417,313
2,977,99.)
3)6,680
33 4.617
Milwaukee
Duluth (16th)
Toledo
Detroit
2,5*0,191
231,0.i8
164,364
124,290
24.00)
1,844
Albany
Buffalo
Oswego...
St. Louis
Boston
Toronto
Montreal
-
(12th)
Philadelphia
Total..
1,186/260
37.019
494.815
125.000
130,' 00
190,871
1,43<,300
49.539
208.968
115.585
137.5)2
3.9.'1
544)
218,000
797
•
21,016
.
•
•
.
•
♦ ©
2,620
250,000
25,000
123,896
92,923
29.623
23/61
15,705
33 477
69
122.092
104
3,560
•
81,699
869
58 5*5
24,910
15,490
4,061
3,358
4J,973
3 33,05 5
114,639
...
....
....
....
....
22,993
210,319
56 ,3‘>5
860,381
250,0 0
141,553
56,583
201,756
1,025.656
1,695.031
300,000
75,000
60 \ COO
1,270,000
16.972,424
18,140.453
13,167,114
12,24«/8)
1,865,49)
f,64*,4f0
972,603
12,861,0‘8
1.996.72)
12,668,2-5
2,129.41)
2,214,697
2,430,2*0
2,271.434
2,152,016
1.971,978
2.2 15,609
1,011,699
1,0,*3,715
Peoria
Indi napolis
Kansas City
Baltimore
Rt.il shipments, week......
Afloat in New York Est.*..
Estimated on lakes and in
vessels not cleared
April 19, 1879
April 12, 1879
21,624
100,448
141,925
c6>,289
60),938
19,457
11.835 997
Anril
5. 1879
March 29, 1879
March 22. 1879
March 15, 1879
20.935,326
April ;7, 1878
7 921,483
19,314,257
20.090 441
12,522,454
13.00 ,96)
13,150,646
13,342.312
9,768,306
»
•
•
•
346
1,060
•
...
1,769,9J0
43,946
2 337.209
1.103,799
2,895,6-6
1,160 439
1,238,595
1,195,238
569,852
3,139.433
3/96,617
1,675,855
♦Note.—Estimate 1 afloat of wheat in New York l»«t week should nave been
bush., as published, m iking the total it,140,483
THE DRYGOID3 TRADE.
Friday, P. M.. May 2. 1879
Floar,
(196 lbs.)
37,785
Corn,
hush.
dry goods market has exhibited less animation the past
week, and business has been moderate in all departments. There
was a steady movement in staple cotton goods on account of
former orders, but current transactions were chiefly of a handto-mouth character, and comparatively light in the aggregate.
Heavy woolens for men’s wear were presented in greater variety
by manufacturers’ agents, and this led to a slight improvement
in the demand for fancy cassimeres, overcoatings, &c.—by the
clothing trade; but orders were placed with less freedom than
has usually been the case at this stage of the season. There
was also a lull in the jobbing branches of the trade, and neither
staple nor department goods were as buoyant as of late. The
American Print Works of Fall River, whose suspension was
noticed some time ago, have effected a settlement with their
creditors, and will resume production in a short time.
Domestic Cotton Goods.—The export movement in cotton
The
Receipts at lake and river ports for the week ending April 2G,
1879, and from Jan. 1 to April 2G, and from Aug. 1 to April 2G.
At—
Rye,
Wheat,
bush., instead of 17,760,463 bu-h
Rye—Western
,.
In Store -at—
New York
400 000 bush, instead of 40,000
46®
new.
State, 2 rowed
2 10® 2 30
44
42®
43#®
[Vol. XXVIII.
75,984
41.8.6
7-5,827
85,062
96,193
4',612
1,911 2S6
914,698
2,302,836 1,243.041
1,607,717 673,5'9
2 3 ;6,410 369,479
goods has been fairly satisfactory, and 4,500 packages were
shipped from this port to foreign markets during the week end¬
Same timt 1875-6... 3,895,105 59,663,516 39,591,248 20,318,281 7 023,063 1,609,329 ing April 29, including 2,998 to Great Britain, 485 to Africa, 300
to U. S. of Colombia, 188 to Brazil, 123 to Venezuela, 94 to CisShipments of flour and grain from Western lake and river
platine Republic, 50 to British West Indies, 49 to Hayti. and the
ports from Jan. 1 to April 2G for four years.
Rye.
Wheat,
Corn,
Oat°,
Bar’ey,
Floor,
remainder,in smaller lots, to other countries. Brown and bleached
bush
bbls.
bur-h.
bueh.
bush.
bush.
Jan. 1 to Apr. 26
2,181,115 11 477,328 15.637,392 5,135,905 1,611,152 616,666 cottons were in steady demand, and very firm at the lately-ad¬
1.296.968
931,840
Same time 1878
1,909,980 16,265,408 17,130,979 3,049,270
‘
vanced quotations. Colored cottons (such as ^denims, dneks,
364,4 41
Sametime 1877. ....l,29q,52? 4,033,048 13,220.218 3,113,210 1,106, V6
Same time 1376
1.729,225 7,4 0,141 15.152,568 3,631,366 1,003,334 273,933 ticks,
stripes, osnaburgs, &cO were also in fair request and firm>
Rail shipments of flour and grain from Western lake and river and grain bags continued in good demand and scarce. Stocks of
ports.
nearly all the above fabrics are exceptionally light in first hands,
Oats,
Corn,
Barley,
Week
Wheat,
Rye, and
Flour,
many leading makes arel argely sold to arrive.
Print cloths
bash
bush.
bush.
bush.
bush.
bbls.
ending—
114,639
303,y55
43,946 were fairly active and firm at 3^sc. cash for 64x64 spots and near
119,623
860,364 1,695.031
April 21, 1879
9 <.761
175,443
28,938
8,811 futures, and 3 7-16e. cash for 56x60’s, at which figures spinners
520,688
167,699
April *7, li78
29 858
762.893
£96,9 9
31,300
182,724
101,612
April 28,1877
were unwilling to make long contracts, in view of the probability
47.G04
308,235
42,215
511,959 1,162,913
100,103
April 29, 1876
of advanced prices. Prints were less active but steady with an
upward tendency, and there was only a moderate demand for
ing April 26, 1879, and from Jan. 1 to April 26.
ginghams,
cotton dress goods, printed lawns and white goods.
Oats,
Wheat,
Corn,
Barley,
Rye,
Flour,
Tot Aug.l to Apr. 23.4,8?8 974 73,874,9 0
Same time 1877-6.. .4/81,531 hi 642,743
Same time 1876 7....4 009,017 34,618.^86
63,313,193 23,104,194 8.953,042 3.871,041
58,556,643 18,754,078 8,781,696 3.219.85b
5“,315.769 15,553,055 7,878.367 2,531,003
..
At—
New York
Boston
Portland
Montreal
—
bbls.
96,2 7
33,514
—
4 000
bu-h.
861.95)
33,950
3Y300
400
bush.
7
11,180
26y<50
2,000
141,2nl
99,5v’8
1,611,8)0
2.148,711
184,504
1,585,220
2 888,155
Oorresp’ng week,’78.
177,883
544,655
1,991,236
•
•
•
•
800
27,500
192,633
..
16,136
(.87.300
Total
Previous week
Baltimore
New Orleans.
bush.
13,641
14,900
2,409
59,550
391,900
285,150
...
bush.
583,000
3,6 0
14,119
15,523
25,625
.
Philadelphia.
bush.
152,045
31,250
....
Tot.Jan. 1 to Apr. 26.3,260,200 !25,364,887 33,315,904
Same time 1876.
2,729,733 19,822.119 32,491,913
Same time 1877. ....2.147,189 1,873,763 24,875 103
Same time 1676.
2,822,584 7,217,075 22,137,361
•
•
•
4C0
•
1,077
1,000
•
•
•
•
....
31,000
1,000
13,000
375,052
30,618
66,536
66,072
419,492
107,800
293,156
118,958
89,28!
5,903,434 1,320,102 987,430
4,527,823 2.001.025 1 ,259,622
4,320,278 937,329 331,756
5,010,0-00 1,658,224
105,661
Exports from United States seaboard ports and from Montreal,
April 2G, 1879.
for week ending
Flour,
bbls.
From—
New York
Boston
Portland
Montreal....
88,586
11,6-5
3,725
Philadelphia
2,958
3,393
Baltimore
Total for week..
Previous week
Two weeks ago
Same time in 1878...
•
•
.
110,357
124,877
77,974
69,154
\v Lest,
bush.
1,189,955
16,804
35,200
•
•
•
•
Corn,
bush.
860,073
14J,C91
Peas.
bush
2,770
....
*
•
*
i
2,246
19,230
•
•
•
330
50
1,812,699 2,523,7o7
1,321,518 1,593,107
1,62?, 689 1,631,200
756,511 2,291,155
3,150
4,760
42,994
17,935
247,982
60,143
....
744,207
771,396
322,938
ports, and in transit by rail and
April 2§; 1879, wap pp follower
Rye,
bush.
....
The visible supply of grain, comprising
at the principal points of accumulation
*
Oats,
bush.
1,939
62,f87
85,512
173,022
148,822
•
•
•
•
21,446
6,519
22,912
15,993
the stocks in granary
at lake and seaboard
afloat in New York and Chicago,
Domestic Woolen Goods.—There
was
a
somewhat better
inquiry for heavy wooleas, as a result of which moderate orders
were placed by clothiers for fancy cassimeres, suitings
and
cheviots. Plaid back overcoatings were sought for in consider¬
able quantities by the same class of buyers, and cotton-warp
beavers continued in fair request. Light-weight fancy cassi¬
meres and cheviots were only in moderate demand, and worsted
coatings have been taken with less freedom than expected by
holders.
Black cloths and doeskins ruled quiet, but prices of
the best makes were steadily maintained by agents.
Kentucky
jeans have received more attention than for some time past,
and a fair distribution of the various qualities was effected by
means of low prices and liberal terms.
Printed satinets were in
fair request, and moderate sales of blacks and mixtures were
reported by agents. Worsted dress goods were taken in small
lots (to a fair aggregate amount) for the renewal of assort¬
ments, and prices ruled steady. Worsted shawls moved slowly,
)ut there was a steady demand for small parcels of Shetland
and lace shawls.
Foreign Dry Goods.—There has been a
light and unsatisfaedemand for most descriptions of foreign goods at first
nands, and the jobbing trade was less active than of late. Silks
continued depressed and brought low prices when offered at
auction. Dress goods continued sluggisn aside from the most
staple fabrics which were in moderate demand. Millinery
cods and ribbons moved slowly, and there was only a limited
emand for linen and white goods, laces and Hamburg embroi¬
deries. Men’s-wear woolens were slow of sale, but prices ruled
: ’airly steady in view of the light importation.
:$ry
@FedFRASER