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MERCHANTS’
HUNT’S
gi
MAGAZINE,
§Uw?stn*trer,
representing the industrial and commercial interests of the
it is
CONTENTS.
Progress
Supreme
the
and Internal
Court
of
the
I The Debt Statement for May,
549 |
1871
I Latest Monetary and Commercial
550 | English News
I Changes in the Redeeming
| Agents of National Banks....
United States and the Legal
551 I Commercial and Miscellaneous
Tender Act
;
Review of the Month
553 | News
THE BANKERS’ GAZETTE AND RAILWAY MONITOR.
Quotations of Stocks and Bonds
Money Market, Railway Stocks,
U. S. Securities, Gold Market,
Foreign Exchange, New York
City Banks,PhiladelphiaBanks
’
National Banks, etc
Railway News
Railroad Stocks
ous
THE COMMERCIAL
...
Cotton
Breadstuffs
and
day morning, with,
570
572
removed. '
575
WILLIAM B. DANA & OO., Publisher*.
79 and 81 William Street, NEW YORK.
Post Office Box 4,592.
only tnvelling agent.
The Publishers cannot be responsible for Remittances unless made by
Post-Office Money Orders.
£3?~ A neat tile for holding current numbers of the Chronicle is sold at the
office for 59 cents.- Volumes bound for subscribers at $1 25. The first and
second volumes of the Chronicle are wanted by the publishers.
_
Drafts
or
LIQUIDATION OF THE DEBT
AND THE FUTURE
RATE OF
INTEREST.
The debt statement which appears
elsewhere has been very
favorably received. Contrary to expectation the reduction
during last month was 6 millions, making the decrease since
1st January over
thirty millions. This large surplus appli¬
cable to the public debt shows that the present tax-system,
in spite of the
past reforms and the repeal of a considerable
number of imposts, is still more than adequate to raise
the revenue
actually needed for carrying on the Government.
During the past year the decrease has been 117 millions,
and in the
past two years 221 millions. The policy of keep¬
ing up this rapid liquidation has been urged by various argu¬
ments.
means
The chief
reasons
are
that
it
is necessary as
a
of
improving the credit of the Government and for
advancing the prices of our outstanding Govern¬
bonds, so as to render possible the negotiation of a new
the sake of
ment
loan at
a
lower rate of interest. These and
some
other argu¬
ments in
support of this liquidating policy rest on the fallacy
that the value of the bonds of a
great rich nation are con¬
trolled by precisely the same conditions as the value of the
notes of
single individual; and consequently that the more
make the Government securities the higher
the price they will command.
This specious argu¬
a
scarce you can
will be
ment
has been often answered and need not occupy us
slow
movement
the
of
five
infer
and
that for a long term of years the rate of interest will net fall
below 5 p r cent for the highest class of securities, and 7
per cent for the securities of the best medium descriptions,
j
ForOneYear
$io 00
For Six Months
6 00
1 he Chronicle will be sent to subscribers until ordered discontinued by letter.
Postage is 20 cents per year, and is paid by the subscriber at his oxen post-office.
our
this
such as’lhose of the fust-class railroads,
tooitysubscriberB,ana mailed to all others, (exclusive of postage,)
Mr. Alex. Holmes is
From
per
cents some persons are
that the 4 and 4] per cents stand no
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE.
and Financial Cheoniole, delivered by carrier
f
contingencies which depress and
of individuals, corporations, and
prevail in this country. The aggregate subscriptions amount
to 62 millions and till the new bonds are ready for delivery
the
prevailing hesitancy is scarcely likely to be
561
Financial Chronicle is issued every Satur¬
the latest news tip to midnight of Friday.
f
always regarded
The slow progress of the new loan has stirred up an active
discussion as to the future rate of interest which is likely to
501
5G2-3
Ths Commercial
WILLIAM B. DANA,
OHN e. ILOYD, JB.
exempt from most of the
are
private firms.
556
®l)c (IfyronUU.
TheCommercial
known, and that they
render unstable the credit
55G
TIMES.
566 1 Groceries
567 I Dry Goods
569 | Prices Current
Commercial Epitome
as
555
563
Bond List
own
domestic securities
554
Railroad, Canil and Miscclane*
551
say that in every country of established
Government bonds are the highest grade of
enough to
credit its
THE CHRONICLE.
Liquidation of the Debt and
Future Rate of Interest.
The
NO. 306.
SATURDAY, MAV 6, 1871.
YOL. 13.
Foreign Capital
united states.
beginning
chance of
to
success,
A similar view of the
argued with considerable force in an able article by
The Diet is, however, that we are
scarcely as yet in a position to form a trustworthy solution
of so complicated a problem.
Great Britain raised the loans she contracted at the begin¬
case
is
Mr. David A. Wells.
ning of this century at a rate very nearly equal to that
which the United States is now paying on its long bonds*
Still after the lapse of fifty years the government debt pays
only half that rate, and the British Chancellor of the Ex
chequer can at any time raise at 3 per cent or below all the
loans he may temporarily require.
Moreover, at this same
rate of 3 per cent our own government at this moment
borrows from the banks on the three per cent certificates
which are being paid off at par, though they cost the Treasury
less than any other part of our interest-bearing debt. These
certificates at 3 per cent interest have been issued to tho
extent of 200 millions, and no doubt without being stamped
for the
over
Clearing-House they could be issued to the extent of
contingency require the Trea¬
100 millions should any
of the law which still permits their issue.
sury to avail itself
Of course such an issue cannot
be recommended, because it
which have always been
one of the mischievous elements in the public debt, and
secondly, on account of the danger lest these certificates
might at some crisis be redeemed with such rapidity as to
ciuse au expansion of the currency, and a permenent depre¬
ciation of the paper dollar. The certificates are here referred
to simply to illustrate one of the conditions governing the rate
of interest, and to show that here as abroad the obliga¬
tions of the Government bear a relatively lower rate
would increase
of interest and
the temporary loans
are
subject to other conditions
person or corporation, or
here; the?? credit may be supposed to
of any
than those
financial firm, however high
stand. We do not intend
THE
55 0
fully the question why our [six per cent Five
Twenty gold bonds do not command higher rates, so as to
cause the new fives to sell readily "at par.
One reason,
undoubtedly, is the disrepute^which taints American securi_
ties in foreign markets 'on account of the supposed ineffi_
cieney of oui Courts, the scandals in the administration of
justice, and the supposed insecurity of personal and property
rights. Another reason is the uncertainty as to the time of
redemption. A 20 year bond at 6 per cent is worth 10 per
cent more than a 5 year bond at the same rate.
Jlut our
5-20s are neither 5 year bonds nor 20 year bonds, but some
thing doubtfully hovering between the two. Mr. Boutwell
would have had better success with his new loan if he had
to discuss
boldly thrown overboard this duplex incertitude which has
cost the country many millions of dollars, in extra interest^
and has never yet brought a dollar into the Treasury. When
this principle was first proposed, it was never intended to be
anything but a temporary war expedient. The purpose was
that the funded debt of the United States
should,
(.May 6, 1871.
CHRONICLE.
as soon as
the incertitude do not disturb the settled
ease
of
our
money
market, which appears likely to continue favorable for a
considerable time. It is one of those remarkable coinci
nation, have ever been
perpetually recurring, that the influx of foreign capital rose
to it highest tide, just at that time when our need of it was
greatest, and that till this temporary need was over and had
completely passed away, there wras scarcely the slightest
fear of the foreign supplies of floating capital failing us or
being diminished.
For a long time past some of our most experienced finan¬
cial men have looked with apprehension on the amazing
rapidity with which our floating capital has been investing
itself in railroads and other vast enterprises which, however
profitable they may eventually become, and however judi¬
ciously they may be conducted, are of such a magnitude as
to be likely, even under a financial system better than ours,
to cause some disturbance in that equilibrium between the
supply of fixed and floating capital which is essential to
secure financial prosperity and steady monetary ease.
But
for the supply of foreign capital which the European war
dences
which, in
our
history
as a
low rate of interest,
a
like the sixes of 1881, or
like the public debt of most of the European nations of any and the consequent redundancy of the Transatlantic money
reputation for solvency and credit, purchasable in the market markets have caused to seek in this country the profitable
for the sinking fund or for cancellation, as the policy and investments denied at home, the anticipations of these
means of the Government might render practicable.
prophets of evil might some ot them have been fulfilled
But so far the result is otherwise, the
Without pursuing the argument further, we may assume before now.
that the present quotations for our Government securities d^> expectations of the more sanguine and more numerous of
not justify the inference which has been too hastily derived our people have been realized, and we have had for so long
from them, that for 20 years to come the rate of interest in a period a favorable money market that we should probably
this country will.rule at 7 per cent on the highest class of be little inconvenienced if foreign capital should in the
We forbear to press the argument that near future cease to flow this way as rapidly or as
railroad securities.
first class roads, such as the Great Central Pacific, can bor¬ constantly as of late we have seen it.
These exterior
accessions
of
row at a lower rate; and
capital
have
been
with
us
long
enough
to keep
that wheu foreigners gain more
confidence in the security of their property here the tele¬ up the supply throughout the somewhat perilous interval
graphic, railroad and steamship facilities will start such a flow between the financial seed-time and harvest, between the
investment of floating capital in fixed forms, and the resto¬
of capital from the cheap money marts of Amsterdam
London and Frankfort; and that the tide of monetary invest¬ ration of the equilibrium by the return of the capital so
Let us examine some of the proofs of this.
ments will be so rapid and constant, that we shall see a con¬ invested.
stant tendency to approximate our rates of interest to those
As has been frequently suggested in the Chronicle of late,
which are current in the Transatlantic money markets.
the usual turn in our interior exchanges has developed
On the other hand, it is probable that with the new fid Is rapidly this season, and is now so decided that our banks
for the employment of capital opened here and in India, the have an accumulation of national bank currency which is
rate of interest in England and on the Continent of Europe lending at a discount ot J to \ per cent.
Wall'street is the
more
anxiously
early
return
may receive an upward impulse.
scrutinizing this
of currency
At any rate, the chances
are in favor of the theory that it will be easier for a country
from the interior, as it was unexpected, and has frustrated
like ours to pay off its public debt with every succeeding some very plausible theories and plausible speculations.
year.
Hence it follows that by hurrying the payment with There are few questions of practical finance which are more
undue and needless haste we are violating one of the complicated and will better repay inquiry.
The arguments
canons of practical
finance which is that“ for the liquidation of on which our own predictions w^ere founded arise partly out
public obligations such a time should be chosen as will nay of the defects of our banking and currency systems, and
off tLe heaviest sum with the least burden to the people.”
partly from the rapid progress in material wealth which
Opposed as we are on principle to a public debt and to every is being realized in consequence of the rapid exten
the
over, be
and be redeemable at
war was
consolidated at
a
fixed date,
growth of
cede the injustice in view of the arguments cited of repeating productive power in the interior of the country. All
the liquidation of 221 million dollars of the public debt by history and all experience show that there is a law
vexatious, needless taxation during the next two years.
governing national progress in wealth which is somewhat
maxim which would make
FOREIGN
CAPITAL
The movement of the
tions of the
our
AND
debt permanent, we must con¬
INTERNAL
PROGRESS.
foreign exchanges and the fluctua¬
premium on go'd continue to attract anxious
attention, though the difficulty of forecasting the future is
not at all diminished.
Among the numerous questions
which tend to complicate the problem is the doubt that
some part of the funds which have been placed here for
investment by foreign owners may ere long be called home.
At an earlier season of the year this doubt might cause more
solicitude.
But at present we are so prepared and the
monetary situation is so strong, that the discussion and
sion
of
our
railroads
and
the
amazing
analogous to the law of latent heat in physical science.
Every one knows the interesting mysterious processes by
which chemistry causes heat to disappear, and how this
latent heat, however long hidden and incapable of affecting
the thermometer, may be assimilated and got back again by
the manipulations which science prescribes for the purpose.
Analogous phenomena take place in every rich, enterprising
young country where, as in the United States, the evolution
of productive forces is active, and the growth rapid, of
material wealth.
A great part of this yearly growth is, as
it were, latent.
It lies hidden for a time, and may even
coexist with great, distress and wide-spread complaints
May 6,
THE CHRONICLE.
1871.3
scale of
living has been raised and the elegances of home
The demand has been stimulated for imported
goods. A vast commerce has sprung up. New markets
tyive been opened and old markets extended. All this has
^natkmTr
impoverishment. Macaulay gives many
striking illustrations of this law in his history of the growth
of the wealth, the debt, the taxes, and the manufacturing
enterprise of England during and after the Napoleonic
wars
Indeed, it is impossible to interpret intelligently the
recent history'of this country, or of any of the prosperous
nations of Europe, without recognizing this law and the
alternations of rapid growth and frequent repression which
it helps to explain.
In the growth of wealth, as in all other
rowth, there is a long season of winter as well as of seed
time during which wealth is absorbed or latent; and then
comes the harvest, when all is given back with fitting
life fostered.
tended to swell the interior debt to this city which is the great
emporium of our interior and exterior trade.
Many persons
deposits are
increased.
Here is the reason. The trade of the country is
augmenting. The debts hence arising are augmenting too.
Some part of this increase may possibly be due to the infla¬
tion of credits or of the currency. But in the main the
movement is a healthy one.
And those who have jpeen
croaking over it or forecasting evil on account of it will find
that now', as in so many former cases, they mistook the
salutary pains of growth for the mischievous spasms of
have wondered
increase.
these] principles to our own material condi¬
ventured to predict that the depression of the
past two or three years was largely due to the rapid absorp¬
In
applying
tion we
have
tion of our
floating
capital and its conversion into fixed
TIIE SUPREME
Hundreds of millions of dollars have been spent
in our railroads, our telegraphs, our manufactories, steamengines, and the other productive mechanism in which
this country is unsurpassed by any .nation in the world.
Tnese millions of treasure fhave disappeared. They have
The interior
of the floating capital of the nation.
of this country has been
growing richer during
three years. But it has complained of im¬
poverishment. Bad taxe*, mistaken fiscal legislation, and a
faulty monetary system would have really impoverished it
had not its growth been so vigorous and so irresistible.
That growth has, however, been latent. Sooner or later it
the
past two or
will be
sensible and evident, and universally felt.
more
Perhaps the improvement has really begun.
are
based
some
of the arguments
On this theory
which have led to the
have been
now
our
bank
COURT OF THE UNITED STATES AND
LEGAL-TENDER ACT.
THE
were
question of the power of Congress to pass a
legal tender act was involved, and there was no one of the
justices who held that such an act is valid for contracts made
that the whole
after its passage, but invalid for existing
the question does not require division,
contracts, so that
but is singly and
simply whether or not the jgwer to make lawful money of
anything else than gold and silver coin exists in Congress
which with. under the Constitution. The decision of the Court, in the
fertilizing our country two cases, was the opinion of five judges against four}
of new and magnificent streams of interior trade
out them would not
that
of contracts for dollars, one male before, the
other after the passage of the act of February, 1862; so
decided
anticipation of early changes in the spring-tide of currency
and deposits this year.
As the results have so happened
the reasoning which forecasted it may be also right and
sound. What is certain is that the new railroads which we
have built since the war has given a new value to the mil¬
lions of acres of real estate through which they pass, that
.these roads have created and called into existence a multitude
O
is
Monday last the opinions of the justices of the
present Supreme Court of the United States upon the longdebated question whether Congress can make paper promises
a
legal tender for the payment of debts were declared in
open Court.
The result was foreshadowed in the daily
journals last week, and many of them commented on it.
But since the Court had never before, in its whole history,
whispered of what it was about to do, and since the prom¬
ised decision seemed utterly incredible in itself, both con¬
tradicting the recorded judgment of the same Court a year
ago, and revolutionizing the received principles of constitu¬
tional law, we chose not to discuss it on such authority. We
could not assume ou the strength of rumor that the Court was
about to stultify itself, and that its members had privately
boasted beforehand of its coming humiliation.
Now, how¬
ever, the decision is officially proclaimed.
The two cases
We have crystalised into fixed forms what
before part
it
On
Tne
time always comesjwhen this latent capital so long absorbed
and inert, gives itself back with large increase. That return we
hive supposed to be near, if indeed it has not already begun.
was
how
disease.
Capital.
become latent.
551
and
Justices Miller, Swayne, Davis, Bradley and Strong holding
enriching our people.
The vast capital which we have sunk in these railroads the affirmative of the question, and Chief Justice Chase,
and otlpr works of labor-saving and wealth-creating efficiency with Justices Nelson, Clifford and Field, the negative.
The
is equivalent to the unpaid services of a larger army than decision is that, in the cases in quest’on, debts contracted in
Xerxes led against ancient Greece or Napoleon against dollars, whether before or after paper money was declared a
modern Russia. The annual product of all these agencies
legal tender by Congress, are fully satisfied by an offer of
for enriching the country is inconceivably great, and though
payment in that money ; and, so far as the authority of the
as we have said much of this yearly product of new wealth
decision goes, it is that all contracts of every kind are at
is latent, and may demand years, and perhaps ages for its the
mercy at all times of a majority of Congress.
This event calls for consideration in two respects; first, as
highest development and fullest maturity, still every year
it will more and more be realized and made available for the it
affects, by its substance, the nature of our government,
immediate prosperity and personal gain of all orders of our its finances and its credit; and secondly, as it indirectly,
industrial population, both of those who organize labor and
and-by the manner in which it has been brought about,
capital, and of the larger masses who serve under their affects the character of the national judiciary, and the honor
leadership. This harvesting of the returns from our great and supremacy of law. In each of these views, it seems to
national investments in railroads and other productive works us to be
beyond question one of the most deplorable events
has begun and will continue. And in
any case it cannot in American history.
It is impossible within our limits to
bat increase year
discuss the subject in all its bearings; we shall only attempt
by year.
Another suggestive series of arguments in confirmation to
point out the leading considerations which demand a
arise out of the fact that the interior of the country is to kind and
degree of public attention to this judicial act such
an unusual
degree in debt to New York. The new values as few legal judgments have ever called for.
which railroads have
The new decision itself seems to us to be wrong in law.
given to real estate have enriched the
farmers; and with new wealth have come new wants. Their and pernicious in its practical tendency. Under ordinary
i
THE
552
CHRONICLE.
[May 6,1371.
for a certain value shall be fulfilled upon delivery of a less
presumptious to dispute the legal
soundness' of any opinion from our highest legal tribunal. value, or of none, it would seem that it has little power
—But the question in hand is not one which turns upon more to desire.
If the decision be accepted as law, it has an important
legal learning or acumen ; it is simple in its terms, familiar
and general, not technical, in its subject matter, and involves bearing upon our national finances, and that in several ways
It is in the power of Congress to print paper at its will and
no tedious differences of detail
as to precedents or authori
ties.
It concerns merely the interpretation of a politic d call it dollars ; to confiscate to the Government or to debtors
the whole or any part of the property of creditors, and thus
document, the charter of our government, and the bulwark
of our civil rights; and that in a point which intimately to repudiate to any extent at will the debts of the nation
of the government, the enjoyment of and those of all private citizens. There is already a strong
-concerns the nature
these rights, the practical life of every citizen.
It is a ques¬ interest in favor of still further inflating the paper currency
of the country and it is probable that a serious effort will
tion, then, on which every man who is capable of understand¬
be made next winter to obtain a further issue of “legaling the form of government may and must form an inde¬
tenders.” Whether this be successful or not the effort is
pendent opinion. It, is further inseparably bound up with
certain general principles of interpretation, hitherto strictly sure to be renewed whenever there seems to be a chance of
success.
Speculators-with the control of immense sums
applied by our courts and our people to this same docu
will continue to lobby for legislation on the currency, and in
ment; and, therefore, these principles are themselves at
All men who believe, with the makers of the con¬ opposition to every measure looking to the restoration of
issue.
coin values; and whenever their demand is reinforced by a
stitution, and with the successive utterances of the Supreme
Court of the United States from the beginning, that our general pressure on trade, or whenever a reckless or ignorant
national government is one of defined and limited powers, faction obtains control of Congress, the issue may be made,,
conferred by the constitution, and that it can do nothing and the final step taken towards financial ruin. Nor is the
which that does not authorize it to do, are necessarily com¬ injury done to the character and credit of the country con.
circumstances, it would be
opinion that Congress can pass no legal tender tingent upon any such future blunder of Congress. The
act.
It is not pretended that the constitution directly fact that such an act is possible, that there is no barrier to
authorizes such legislation. The only constitutional power, on the wildest and most extravagant expansion of an irredeem¬
which such legislation is imagined to rest, is the war power; able currency, except in the tempoiary ascendancy of the
that is the power to do, in its discretion, under the emer¬ politicians who oppose it, is in itself enough to weaken
confidence in the wisdom and permanency of our future
gency of war, whatever a government deems necessary to
financial policy.
its own preservation.
But this is simply another way cf
But serious as are the evils with which these new doe
saying that war sometimes suspends all law; and that the
violation of the form of the constitution itself may be ne¬ trines of centralization threaten the country, now that the
cessary to save its substance.
There may be a public danger last great barrier to them, in the consistent traditions of
so great that a government shall be
justified in overstep the Supreme Court, is passing away, they are less startling,
because more familiar to us, than the circumstances under
ping the limits of its authority, in reference to personal
mitted to the
„
liberty, to the ownership of property, or the rights and im¬ which this strange decision has been made, and the inferences
The opinion of the Court sustaining
munities of foreign nations, in order to save itself; and if which these suggest.
the
it succeeds in doing so, and afterward makes a full recom¬
legal tender act is directly the reverse of a judgment by
the same tribunal one year ago, overthrowing the act. The
pense for the injury done, its conduct is not to be judged
by ordinary standards. But the pretense that a legal tender Supreme Court then, after long and repeated deliberations,
act is sustained by the war power is idle.
The value of the decided that Congress could not change existing contracts,
dollar has nothing to do with the efficiency of armies; nor by making a new money to discharge them in. The same
rl hroughout
does the existence of private debts hamper their movements. Court now decides that Congress may do so.
It is not conceivable that any public danger can be removed the past history of that Court, its decisions, when made,
or
lightened by the confiscation or repudiation, in whole or upon any question of law, have been final. No other
in part, of debts due from one man to another.
The war tribunal has disputed them; they have been the rule of
power, in so far as it may transcend constitutional limits, argument and of decision, in all the courts and legislatures
has nothing to do with finance; and if money and private of the land ; and no counsel would have ventured to rise in
it, there is no interest and no law
in the land which do not, upon a declaration of war, become
the mere creatures of the will or caprice of the war-makers.
The theory, the >, that Cbngress may make what it will a
legal-tender money involves a. new theory of interpreting
compacts are subject to
Instead of the rule, hitherto universal
that the Government of the United States is one of defined
the Constitution.
Supreme Court itself and suggest a doubt whether these
are binding upon every judge and every citizen.
To ask the Court to review its own solemn judgment would
But now it has done for itself what
have been to insult it.
When people hear
no man would have dared to ask of it.
of this extraordinary action of the Court, they naturally
the
decisions
for it.
inquire whether there are any extraordinary motives
in Was the decision in the case of Hepburn against Griswold
this theory assumes that its powers are unlimited
a hasty declaration of an opinion formed on insufficient
every direction where the Constitution has not expressly re¬
It is impossible to concur with the majority of mation or reflection ? Was it manifestly wrong in principle!
stricted it.
the justices in this dcc sion, without accepting also the doc. Has it proved grossly injurious to the interests
trine that the
Nat^yl Government is the sovereign over all country, or unacceptable to the nation ? Has public
the people of this country, in the same sense in which an rejected it ?
Have other tribunals questioned it ?
powers,
infor¬
of the
opinioa
Has
with it, or have
or a Parliament in Great Britain
is sovereign there.
The federal power, which was consti. such strong new reasons been discovered for ques‘ionmg it,
to require a reconsideration?
Nothing of all this. What
tuted to secure internal harmony among the States and the
defence, becomes the master of the people in all change has taken place great enough to call for the over
their personal dealings and relations with one another, and throw at once of a settled principal of law and of the con
there been such a
absolute monarch in Russia
general dissatisfaction
as
common
the United States are
ment
has power
centralized.
Indeed, when
to say that a contract
a govern
between its citizens
and self-respect of the Supreme Court?
There js no change in any of these respects.
sistency
The change
May 6,1871J
THE
CHROttiCtE.
the court itself. That has indeed
it contained justices, differing indeed
in ability, learning and opinion ; but all of them believed by
all men to hold their seats for their qualifications alone, and
to regard in their judgments nothing but the law as they
understood it. When the decision against the legal tender
act was given, five judges, including justice Grier, who left
the bench before judgment was rendered, concurred in it
and not a man in the land suspected that any one of them,
was influenced in the matter by any consideration hut the
law of the question, as the arguments and his own studies
explained it. But immediately afterward, two new justices
were appointed ; both of those
selected, among a great
nunber of gentlemen qualified for the place, were well
be looked for in
chained. A year ago,
is to
known as
553
We have expressed but a part
of the objections to this
decision; yet these are enough to show that.it is the most
serious judicial change ever yet attempted in America.
As
.
for the legal tender question itself, principles live longer than
judges, and long before it becomes a practical question again
whether the unredeemable paper money shall be increased
by Congress, the people will understand the evil of it, we
trust, too well to tolerate the proposition for a moment
But the disgrace this act has brought upon the Supreme
Court and upon the Government cannot ^be removed, until
the absolute independence of that tribunal is restored, and
until the people compel every branch of the Government to
respect its independence.
REVIEW OF THE MONTH.
members and counsel of great railway corporations
o*
directly interested in the question, owing large amounts
bonds isuied before the legal tender act was passed ; and
both of them were known to have formed and expressed an
opinion adverse to the recent decision of the Co art. An
effort was immediately made to secure a rehearing of the
question before them ; and it seemechto be the design of the
new-made majority of the court to order it an once;
but the scandal of such a course was too great to be faced?
and the project was abandoned.
But while the court did
not venture directly to interfere with and destroy the work
it had just done, arrangements were made at once to bring
before it other cases, involving precisely the same question
just as if it were entirely new and unsettled. In no other
matter have counsel dared thus to in?ult the dignity of the
court, by bringing into it anew a claim which had it just, in
principle, declared to be wrong and unfounded. Can it he
that, in this case, their action was suggested or encourged
by members of the court themselves? Or did the wellknown opinions of the new justices, avd the half-declared
purposes for which they were appointed, embolden litigants
rriie month of
April was chiefly conspicuous for an easy money
advance in government bonds, a remarkable activity
and speculation in stocks, and great firmness in foreign exchange,
with a large export of specie and consequent firmness in the gold
market,
an
premium towards tlie close of the month.
Iu the early part of tlie month there was an attempt made to
produce a stringent money market by “ locking up” legal tenders,
but the attempt was only partially successful, and was soon aban •
doned by tlie parties to the movement. After the funds thus
temporarily withdrawn had been restored to the regular channels
of business,
and
a
return movement of currency from the interior
point had commenced, the rates for money became deci¬
and the month closed on a 4(«>G per cent market. The
prevailing opinion that the Secretary of tlie Treasury will use
every requisite means to keep money easy during the negotiation
to this
dedly
easy,
of the
new
loan has done much to make lenders free with their
funds, and to prevent any further attempts to manipulate the
market for speculative purposes.
Government securities, without marked activity, have been very
firm in prices and advanced on some issues as much as 14 per cent.
At the government purchase of Five-Twenties on the 20th ult.,
the price paid for a large portion of the bonds xvas higher than
par in gold, an event which was commented upon with consider¬
able interest among the leading dealers in governments.
The
to attack thus its consistency and its honor?
new
5 per cent, loan made very little progress during April,
However this may be, the re-argument upon the new
chiefly owing to the circumstance that the bonds are not yet ready
castfs was ordered, and the form of hearing it was observed* for delivery, and to an apparent
lack of enthusiasm among the
Tne reconstinoted court then formally, and against the pro¬ very numerous agents who are authorized to receive subscriptions
It has generally been supposed that Secretary Bouttest of four of its members, only one less than a majority in to the loan.
well intended to wait until the first of May, and see what progress
numbers, and not one less in public repute and mental and
should be made up to that time, and then make any changes in liis
moral weight, stultified itself by declaring that to be law
arrangements which might seem desirable; as yet, however, no
which a year before it declared was no law ; and that to be
material changes have been announced. The relative position of
in- the Constitution which a year before it could not find Government finances is stronger than at any previous time—Fivethere. Thus the Supreme Court, in the course of its ordinary Twenties have sold above par in gold, the reduction of debt for
duties, defines and declares a constitutional limit to the tlie year ending May 1, reaches about $118,000,000, chiefly by the
purchase of Five-Twrenties, and new five per cent bonds have also
powera of the general government; that same government
been negotiated to tlie extent of $02,000,000, so that the whole
at once reconstructs the court by adding judges known to be
amount of Five-Twrenties withdrawn or provided for in that year
opposed to limiting its powers, and the new court pro would be about $100,000,000. With this rapid reduction of the
clurns that the limits do not exist. If this new decision is 0 per cent, bonds outstanding, there seems every probability that
entitled to respect and obedience as the law of the land tlie new fives will, before long, sell at par in gold, as the inherent
whither shall
we
look hereafter for constitutional law ? What
The last bill,
municipalities
and of citizens against the encroachments of the power which
makes and controls the army and navy and collects taxes is
swept away. If Congress hereafter chooses to take posses¬
sion of the
property of local corporations, to interfere in
the contracts of
private citizens by some legal tender act
or
by some new form of confiscation, to assume juris,
diction over the penal laws of the State.-, or to make a
military dictator for the country, this precedent teaches
those who may then be in
control of the government
that the
Supreme Court is no obstacle to their usurpa¬
tion. They have but to
reorganize the court if it decides
against them, appointing new justices to the bench, who
authority
can limit the powers of Congress?
wark of the Constitution and of the rights \of
will blot out the recorded words of the law and substitute
for them their own will.
strength of the situation is all that could he desired for stimu¬
lating great confidence in the further improvement of our Govern,
ment credit.
micas
Day of month.
.
5.
(>«••••»••••
GOVERNMENT SECURITIES
.
.
no#
.
110 #
no#
•
112#
11*#
112#
11*#
1861.
1S05.
112#
112#
112#
112#
112#
112#
112#
112#
112#
8
.
..
29
29
116#
lie#
no#
14
25
20
27
6’8
10-40 cur’cv
*
n.
1S07.
ISO8.
111#
Ill#
111#
111#
111#
Ill#
111#
111#
111#
111#
108#
115#
115#
112
108#
108#
111#
ios#
11-#
115#
115#
111#
HI#
108#
115#
111#
HI#
112
it.8#
115#
1U#
111#
112#
108#
115#
111#
HI#
112#
108#
llv#
ios#
109'
(Good Friday.)
10
11
12...
20
21
22
24
LS65
Ill#
7
15....
17
18
19
AT NEW YORK.
—Coupon.
0s 1881. 1862.
1
3
4
OP
,
112#
112#
112#
112#
112#
112#
113
113
no#
.......
112#
112#
.....
113#
117
113#
114
..
lie*
~
.
.
.
.
113#
113#
11 #
113#
..
.
112
.....
113#
112#
11*#
113#
•
•
• •
113#
113#
113#
.....
113#
•
.....
113#
....
113#
*
^
.....
112#
113#
113#
111#
111#
111#
111#
111#
112#
112#
112#
112#
412#
112#
112#
112#
112#
112#
11‘#
113#
113#
114
112#
114
114
113
lit#
109
112#
112#
112#
112#
112#
112#
112#
112#
112#
112#
112#
109#
112# TOO#
113
112#
112#
109#
109#
.
.
.
•
.
•
.
•
.
.
•
.....
109#
109#
•
•
115#
115#
115#
115#
115#
...
115#
115#
.....
11*#
113
113
109#
109#
115#
U3
113
109#
115#
THE CHRONICLE.
554
Opening
Highest
116%
117%
Closing
Lowest
112%
114
112%
114
116%
112%
117%
113%
112%
114
112%
114
112%
114
CLOSING TRICES OF CONSOLS AND U.
Saturday
Monday
Tuesday
Wednesday.
Thursday
Friduy
Saturday....
...
92%
92%
92%
92%
92%
...
Monday
.
92 *
93
8
.10
.11
.
(Ilol iday.
92% 92%
Wednesday .12 92% 92%
.13 93% 93
Thursday
.14 93% 90%*
Friday
Saturday.... .15 931s 9%
.17 93% 90%
Monday
.18 93% 90% |
Tuesday
Wednesday. .19 93% 90% |
201 93%| 30%|
Thursday
2l\ 93% 1 90>4 |
Friday
Tuesday.....
93%
93
9.3
demand, tbe price advanced to 11 If on tlio 20th
ult., when the Secretary sold, without previous notice, $2,000000
more than advertised, or $4,000,000 in all, which caused an imme¬
LONDON.
93%
93%
9.3%
90%
10%
90%
90%
....
90%
«...
90%
90%'
90%'
.
„
•
•
•
•
....
m
...
.
.
.
110^@110|
and customs
cent., with a further decline afterwards
llOf, from which there was a recovery to 11 If at the close
The imports at New York in the month were large, and the cus¬
toms payments correspondingly great.
Specie exports amounted
to $9,202,331.
diate decline of
5-20e Ill.C. Erie
*62. sb’s. sh’s.
mon.
Saturday
22
Monday
24
Tuesday
25
Wednesday .26
Thursday... 27
Friday
.,..‘.8
Satuiday
29
the month, and sold between the 8th
subsequently, on a considerable export
weak early in
was
and 13tli at
tJ.S.
(Ilol'iday.
.
Gold
for
Date.
92%
92%
92%
92%
113
S. SECURITIES AT
Cons U. S.
for 5-20s Ill.O. Eric
mon.
’62. sh’s. shs.
Date.
115%
115%
H5%
115%
108%
109%
111% 111%'108%
113
113
109%
111%
111%
113
111%
113
111%
113
[May 6,18tl.
per
to
.
COURSE OF GOLD AT NEW YORK.
....
....
biu
Lowest.
Highest,
Range..
.
...
90%'
92%
93%
Last
93
•
%
2%
93%
90%
®
«
«
....
Date.
....
...
Satuiday.
Monday
Tuesday..
Wedne.-day.
Thursday...
|Hieh
•
....
fag
,
t J
Railroad and Miscellaneous Stocks
-JTji-3
were
.
69%
gl-
,
,
93
••
o
a,
5
O
O
*J
,
....
....
active and buoyant
Friday
4 1-0% 11U% 110% 110%
5 110% 110% 110% 110%
(i 110% 110% 110% 1110%
7
04 ood
Fridjay.)
.
.
.
....
s
(
110%
110% no% 110% 110%
Monday
24
Tuesday.. ..25
Wednesday...26
Thun-day....27
...28
Fiidiy
Saturday.....29
s;nn% 110% 110% 1110%
Saturday...
Monday.... .io;no% 110% 110% 1110%
.11 jl 10% 110% 11()%|110% April,
Tuesd v
a
rO
*
41
Date.
1 :io% 110% 110%
.
,
Lowest
tc
a
"ai
j
....
..
tic
.9
Openi’g Lowest. High’st.
....
uo%
110%
110%
110%
110%
110%
111
110% m
110%
110%
lit
110%
lu%
111% 111% m% 111%
IJoaiii&S
.
1871.... 110% no,% 111%
beyond precedent, advancing laigely and fluctuating in some
1870.... 111% 111%
Wednesday. .12 110% 110% 110%.110%
115% 115
1S09... 131%
cases very widely.
The confidence in an easy money market Thursday... .13 110% 110% 110% 110%
1868.... 136% 137%
.14 110% 110% 1’0%|110%
Fridav
140%jlSv
has furnished every inducement for speculative cliques to attempt
1867.... 133% 132% 141 jJ W
Saturday.... .15 1*0% 110% 1107^1110%
186(5....
125
128%
.17
Mond
110?^
110%
110%
110%
a bold upward movement in stocks, and the advance in prices
y..
jlv9%|l26%
mm
1865....
110% 111% 111%
143% 1164% 1146%
Tnpsdny
and improved tone noticed in the month of March, were still Wednesday. .19 111% 1111* 111% m%!
167
1864
166%
184X|11S«
1863.... 157
20 111% 111
111% m% 1
145% 1157%
further developed in April, with immense transactions in all the Thursday
j 150%:
1862....
.21 110% 110% 111% m% |
Friday
S’ce Jan 1,1871. 110% iio%
in
111
1
.22 111
110%
iia%!iii%
Satur’ay...
leading speculative favorites.
At the close there was some
The following have been the quotations of Foreign Exchange:
reaction, with evidences that stocks were being “ unloaded” by
COURSE OF FOREIGN EXCHANGE (60 DAYS) AT NEW YORK.
the cliques.
Amsterdam. Bremen, Hamburg,
Paris.
London.
Berlin
The following table will show the opening, highest, lowest and
cents for
cents for
cents for
centimes
cents for
cents for
M.
florin.
' rixdaler.
banco.
for dollar.
thalers,
closing prices of railway and miscellaneous stocks during the Daysi. 54 pence.
41
@41% 79%@7W% 3f>%@36% 71% @71*4
1... .1- 9%@.v..
months of March and April, 1871 :
41 @11% 79% @79% 36% @3(1% 71%'0,71%
—@....
3... .109%@
“
“
“
“
..
“
.
“
...
“
....
March.—
Railroad Stocks—
Open. High. Low.
S3
Alt. & Terre Haute
29%
20%
54
56
do
do
pref. 51
Atlantic & Pacific prej
Albany & Suequehana.. 87%
Boston, Haitlord & Eric
2%
Chicago & Alton
113%
do
do pref.... 116
Chicago, Burl.& Quincy 151
do
do
do
<fc Northwcst’n
77%
80%
do pref.
& Rock Island. 109
Oolumb., Chic. & ind. C. 18%
Clove. & Pittsburg
107%'
Col.,('in. &lud.. 84%
Del., Lack <fc Western.. 104%
Dubuque & Sioux city.. 89
do
Erie
do
preferred
Harlem
.
89
151
154
104%
22%'
22%
18%
45
46
44
135
126%
96%
104,%
88%
96%
114%
5-4
..
1%
120
18%
107%
88%
107%
87“
118%
10.*
88
56
113
116
77%
86%
97%
115%
24%
118%
83
1%
2%
119%
121
100
89
126%
Hanniba. A SI. .foseph . 89
do pref. 98%
ao
.
87“
Clos.
'
23
113%
86%
107
84
134
Long Island
Lake Sho. & Mich. South
Mar. & Cincin., 1st
60
96%
37%
60
90%
10’%
20
9
9
9
122%
Milwaukee & St. Paul..
53%
52%
do pref.
74%
S0%
117%
53%
74%
30
80
91
do
Miss., Kan. & Tex
mi
116%
Central
100
do
land scrip... 71
N Y Cen. & If R. «.tock. 96%
do
do
do
do
scrip
92%
&N. Haven, 147%
do
scrip
Ohio & Mississippi ....
do
do
prel...
140
89%
110%
107%
99%
163%
93
Toledo, Wab. <fc Western
do
do
do pi el.
Miscellaneous—
Consolidated Coal
Cumberland Coal & Iron
,
Spring Mountain Coal.
Maryland Coal
Tr. 10s eertif.
54%
•
•
•
•
,
,
•
•
•
80
39%
24
36
47
34
47
2-a
43
39
34
46
46
220
•
•
•
.
.
220
....
•
.
29%
•
..
•
....
.
46%
30
86
•
•
•
•
.
.
,
•
115
117
•
•
115%
•
137
47
73%
71%
98
21%
128
91%
110%
135
106
li.7%
169
92
10
136%
57
112%
80
123%
04%
84
87*
93
118%
109%
71
22
113%
86%
107%
78
20
45
127
87%
95%
168
90
10
134%
57
2%
114
121
158
83%
96%
113%
12%
123%
89%
109
84
21%
46
182
103%
104%
169
92
10
134%
57
26
111%
29%
121%
122%
59%
78%
02%
99%
80
91
118
105%
71
Sl%
30
92%
118%
106
71
103%
97%
94%
147
137
140%
117
135
135
55%
SO
71%
1(H)
111%
126
126
55
62
1*25%
•
....
78
24
33
35
43
220
94%
11<%
80%
36%
91
45%
73%
51
97%
103%
100%
95%
M%
80
57
K0
109%
....
54%
80
51%
125
125
61%
125
92
66
81
92
92
58
60
57%
64%
SO
81
39%
34%
ss%
35
35
47
52%
SO
33
40
92
2-21
39
223
116%
120
20
20
•
125%
125
38%
221
30
116%
20
:-5
52
22.3
32
120
20
42%
tb%
48%
35%
43%
49%
....
....
74%
82
82%
85%
82%
85%
13
14
18
14
....
.
•
•
9%
7%
l‘i%
42%
47%
...
9%
6%
9%
9%
7%
«%
7
7
10%
11%
22
22
22
22
30
30
25
25
14%
15
10%
13
13%
14
11%
12%
61%
59%
88
57%
47%
21
American M. Union....
47%
Adams
United States
70
48
48
74%
63
Wells, Fargo & Co
do
do scrip.
41%
48%
90*
92%
14<»%
103%
....
78
18
51%
Express scrip
,
58
do
pref
West. Union Telegraph.
Am.
.
,
103
93
54
...
do
,
47%
7'4%
71%
97%
58%
..
Quicksilver
•
92%
54%
..
pref.
•
....
•
do
•
....
Del. & Hud. Canal
117
Atlantic Mail S S Co....
Pacific Mail....
43 >4
Boston Water Power
23%
Canton
74%
Cary Improvement Co..
Brunswick City Land...
95%
99%
93
•
•
..
•
71
148
110
41%
78%
93
•
107%
70
....
•
106%
147
110
Rensselaer & Saratoga.
Rome
Watertown
St. Louis & Iron Moun.
Stoniugton Railroad
105%
95%
95%
•
91%
118
94%
91%
Pitts., F. W. & Chi. guar
Reading
48%
91
99%
49%
01%
74%
118
71
148
isi%
117
71
96%
98
168
90
10
136
57
102
26
£0
71
77
75
98
....
121%
01%
79%
80
80
140
41%
73%
72%
S xth Avenue
r
oo
9
117%
128/
118
120
158
115%
46
128%
1%
92%
100%
22%
135
60
£0
vd
Michigan Central
Mar. & Citcin.,
96%
114%
22%
113%
86%
107%
120%
121
158
45
134
26
1%
118%
2%
21%
97%
80
90
45
135
103%
87
21%
Joliet & Chicago
Illinois Central
90
85
Hartford & New Haven
Ind., Cin. <& Laf*\etto
86%
87
60
'
59%
7%
8%
6
6
9%
9%
16
61%
46%
69%
45
43%
2
40
2
7
7
7
1%
20%
58%
47%
74%
48%
42%
1%
7
9%
6%
9%
20
67%
48
74%
47
42
2
20
18
69%
73%
4<%
44
2
42
2
,109%@110
5,»« .109%@110
4...
Clos
£0%
57%
33%
120
158
89
.
80%
55%
86%
33%
55%
£6%
78
89
87
95
April.
Open. High. Low.
7%
10%
18
60
59%
81
54%
44
2
6... .109% @110
—@
41
41
41
—
«.......
@....
..
V
•
•
•
«
.*109%@110
8...
10... .lo9%@110
11
.109%@110
12... ,109%@110
18.7. .109%©11()
14... .109%@110
15... .109% @110
17... 1097i©110
..
16
.io:*%@uo
19... 1097i©110
20... 109?v@110
21... .109%® no
10
22... 10
24... .109% @110
25... .109%@11()
..
.
.
26... 1097§@110
27.., .109%@110
23...,,109%@110
29...,.110 ©110%
41
41
....@..
....@
©....
.
..
79%@79%
79% @79%
79% @79%
79% @79%
79 @79%
©79%
...
40%®....
40%®...
@79%
@79%
...
40%®....
@79%
@79%
@79%
;9%@
...
....
©I*•••
@.
...
..
@....
....©...,
,...©
@....
...,©...
...
.
.
.
...
@
@
@
@
...
...
—
...
...
40%©...
40%@
40%®....
...
April,
1871 ,1Q9%@110%
40%@41,%
April,
1S70..103%@109% 5.17%@5.16% 40%@40%
39% @36%
36% @36%
79% @79%
79% @79%
79%@79%
79% @79%
79% @79%
79% @79%
7!%®71%
3C%@3fi% 71% @71%
36% @36% 71%@T1%
((loot Friday.)
@U% 79% @79%
@41%
41
@11%
41
@U%
4t @41%
41 @41%
41
@41%
41
@11%
41
@41%
41
@41%
41 @41%
40%®....
40% @.
—
36% @3.1%
@11%. 79% @79%
@11% 79% @79%
@11% 79%@79%
6%@36%
@36%
S6%@3(,%
36% @36%
3‘%@S0%
86% @36%
36% @30%
36% @36%
36% @36%
36% ©96%
36%@3-%
36%@3«%
86% @36%
36%@3i.%
SC%@36%
36%@36%
36% @30%
•
36 %
71
%@71%
71% @71%
71% @71%
71% @71%
71
71%@71%
71%@71%
71 %©7l%
71 *@71%
71%@71%
71% @71%
71 %@
71%®....
71>,@...;
71%@....
71%®....
71 %@
.
71%@.
..
71%©...
79 @79% 30%@36% 71%@71%
35%@35%
77%@78
THE DEBT STATEMENT FOB
70 @70%
MAY, INI.
f
er
following is the official statement of the public debt,
as appears from the books and Treasurer’s return; at the close
of business on tbe last clay of April, 1871 :
The
Debt bearing interest in Coin.
AutliorizWhen
Character ot Issue. ingAcr.
Fay’ble
5s of 1858
June 14,’53....1874..
Feb. 8,’61.... 1880..
fa of 1881
Registered Coupon.
*6,035,000 *13,965,000
13,551,000
4,964,000
915,000
6a, Oregon War
Mar 2, '61
1881..
65,805,050
6s of 1881, July 17 and Aug. 5, ’61 ...1881,. l‘23.5i 3,050
Feb. 25, ’62... .1882.. 107.564.600 383,401,050
6S, 5-20’s, of 1862
21,924,550
53,075,450
0s of 1881
Mar. 3, ’63....1881..
Mar. 3, ’61. ...1901.. 137.192.600 57,374,700
5s, :0-40s
6h,5-20h, of 1864
6s, 5-20s, Of 1864
Mar. 3, ’61.... 1884..
Juno30,’61....1884..
Mar. 3, ’65... .1835..
Mar. 3, ’65.... 1885..
Mar, 3, ’65.... 1837..
Mar. 3. ’65... .1888..
5-20s, 1865
5-20S, 1865, new
5-2ds, 1867
5-208. 1868
5s,Funded Loan, 1880.July 14, ’70....1881..
4%s, Funded L’n, l)-85.Ju]y 14, ’70. ...1886..
4s, funded Loan, 1900. July 14, ’70... .1901..
6s,
6s,
6s,
6s,
3,0S9,600
53,692,000 45/700,000
54,605,800 125,313,550
72,476,900 182.986,6(0
91.299,100 241,099,500
11,114,500 28,539,950
Interest Aceru’d
Overdue. Interest.
*32,000 (a) *333,334
.21,360 («)36S.30(J
7,731
((()!8.900
237,083 (a) 3,786.362
‘
1,370,890(7/) 14,728,969
88,813 ((01,501,000
870,0(3 (o) 1.621,891
1 OI5
(7/)93,683
181.153 (byi,981,760
356/212 (b)5,397.530
996.730 (a)5,109/00
1,328.514 ((06,707,972
148,131
....
....
....
(0)793,089
00
CO
....
00_
.....
....
Aggregate of debt bearing inter’t in coin. 727,209,COO 1174.918,959 5,192,445) 43,439,618
(a) Interest payable January and July. (7/) May and November, (c) March and
September,
(d) February, May, August and
Novenibt r.
in Lawful Money,
Acts March 2, ’67 and Jnly 25, '68. .Pa.> a-
Debt Bearing Interest
3 per cent CertlFs
olo on demand, with interest
3,s,NavvDension..Act Julv23, *68..Int. only appl’d to pens’ns.
'y8,’70..Due in
‘ '1875.
“
4s, CertlFs of indebtedness..Act July
■
~
‘
'
*3G,345,000
14,000,000
678,000
4141,416
140JHH*
4,520
*235,966
Aggregate of debt bearing interest in lawiul money
*51,021,000
Debt on Wliicli Interest Has Ceased Since Maturity.
principal. Interest
*61,174
5 to 6s, Bonds
Matur’d at vari’s dates prior to Jan. 1, ’37.
*57,665
360
6’s, Bonds
Matured Dec. 31,1862
6,000
83
5s, Mex. indem
Matured at various dates in ’51jmd ’52...
1,101
741
6’s, Bonds
Matured Dec. 31, 1867
2.150
211
6s, Bounty L scp....Matured July 1, 1849
3,975
1,281
6’s, Bonds
Matured July 1, 1868
24,900
12,100
5’s, Texas indem—Matured Dec. 31, 1864
2—
242,000
11,8(0.
5s, Bonds
56,000
Matured Jan. 1,1871
2,675
l-KXaiOsTr. notes....Matured at various dates from ’S8-’44
82,675
206
6,000
l-10r^6s Tr. notes
Matured at various dates in ’47 and ’48...
57
6s, Tr’y notes
Matured at various dates in ’48 and ’49...
950
108
3@6’s,Tr’y n’s
Matured at various dates in ’58 and ’59...
2,000
384
6’s, Tr’y notes
Matured March l, 1863
3,200
2,062
7 3-10’s,3 years
Matured Aug. 19 and Oct. 1, 1864
....
23/200
6,402
Matured at various dates in 1865
5s, one year
128,04«
5,949
5’s, 2 years
Matured at various dates iu i860
77,955
1871.]
May 6,
nnri.
int
n’s
.Matured June 10, ’67,
and May 15, '68.....
THE
CHRONICLE
1,814,180
856,395
86,309
313
$_j$8
$3,096,012
int. has ceased since mat’y
7,443
'
Ags‘ of
dei3t on
which
Interest.
Character of issue.
$509,090
Debt Bearing ito
Authorizing acts.
Amt. outstand.
»°<lMarch3/03..U.S.leg^tonder^otcs
..356,000,000
varcliVlISs'
3,18^. and Jun’e'do.'isiii!.’.’.'.".’.'.'.'..''.Fractional
Certiliicatescurrency...
for gold dep’d .....} 10,5.0,097
20,483,500
March
Aggregate ol
$417,151,298
debt bearing no interest
Recapitulation.
Amount
Outstanding,
DEBT sharing
bearing
INTEREST in
interest.
$1,037,561
25u
214,567,300
CoiN-Bonds
at 6 p. cent
Bonds at 5 p. cent
555
matches, viz.: half-penny per box
of 100 wooden matches, an d one penny per box of 100 wax lights
or fusees, estimated to produce £550,000 per annum.
The Conti¬
nental war and the outcry which has been made, forcing upon the
Government the necessity of reorganizing and thoroughly equip¬
ping our military and marine establishments and forces have natu¬
rally upset Mr. Lowe’s estimate of expenditure ; but, at the same
time, the country is to be congratulated, notwithstanding the war,
that the receipts from customs and excise have largely increased.
From tea, for instance, the revenue has been augmented by £592,000: from wine, by £108,000; from malt, £431,000; and from
spirits, £481,000. Indeed, it is more than probable that the increase
in the revenue from customs is due, in a great measure, to the
war, for a large quantity of dutiable produce, originally destined
for France, has found its way to our own ports, and has been con¬
is
contemplated to levy
a tax on
$1,902,128,550 $43,632,064
Cerfiflcatesat4 percent
$673,000
14,000,000
Navv pension fund, at 3 per cent
Certificates at 3 per cent
36,215,000
sumed here.
Total debt bearing interest in lawful money
$51,023,000
286,166
We have just passed through a week of excellent weather for
Deb on which Int. has ceased since Maturity
3,096,012 509,090
bearing no Interest—
v*°
the growing crops. Rain has fallen abundantly, aud the weather
$356,097,810
Demaud and legal tender notes
Fractional currency
40,570,997
being warm, vegetation has made much progress. In fact, we are
Certificates of gold deposite l
20,483,r.oO
now having real April weather, and there is every prospect of an
Total debt bearing no interest
$417,151,293
Unclaimed P. R. Interest
8,202 abundant yield of grass and roots. Large crops of cattle food are
Total
$2,373,398,860 $49,435,522 most desirable, as we may then anticipate a reduction in the price
T(.ial Qebt, principal and interest, to date, including interest due not
presented for payment
:
$2,422,834,333 of meat and of dairy produce, both of which have been very dear for
AMOUNT IN TUK TREASURY—
Coin
$106,463,979 a long time past. So far as meat is concerned, the immediate
Currency
12,796,860
effect of abundant pasturge will, if I mistake not, be to enhance its
Total
$119,260,839
Debt, less amount in the Treasury. May 1.1871
2,301,573,543
Debt, less amount in tne Treasury, April 1, 1871
$2,309,697,596 price. And for this reason : The graziers instead of hurrying
their cattle to market before it is thoroughly matured, will keep
Decrease of debt during the past mouth
$6,124,053
Decrease of debt since March 1,1871
$17,135,303 it back so as to increase its weight, and thereby secure a higher
Decrease of debt since March 1, 1869, to March 1, 1811
$204,754,413
Bonds Issued to the Pacific Railroad Companies. Interest price. The immediate result of dry weather and scanty food is to
Payable in Lawlul Money.
cheapen the price of meat, as the graziers are compelled to part
Interest
Iutorest Balance ol
Interest
with much of their stock owing to the difficulty of obtaining an
Amount
accrued
paid by
by
int.
repaid
paid
United
Character ot Issue.
outstanding, and not
transp’tion by United
States,
of
mails, &c. States.
adequate supply of food. In dry seasons, therefore, large supplies
yet paid.
$1,038,197
$329,05?
$3,709,140
$25,331,000
$517,620
Central Pacific
of stock, but a deficiency in weight, are the characteristics of our
1,40
.',033
805.875
596,207
126,060
6,303,000
[tan. Pac., late U.P.E.D.
4,530,466
1,678,299
2.852,167
27,236,512
544,730
[Julon Pacific Co
cattle markets ; as soon, however, as the drought lias ceased, and
I’en. Br’h Un. Pac. ass.
9,276
849,8081 Ci
S40,"3L
1,600,000
32,000
of Atch'n A Pikes P’k.
the pastures have ^gain abounded with food, the consumer
190,297
8,23 L
132,016
1,970,000
39,400
Western Pacific
396
243,057
242,661
32,566
1,623,320
Sioux City and Pacific...
begins to feel the effect of the dry season by the enhancement
Total issued
$2,831,186
$7,922,723 in the price.
$64,613,832 $1,292,376 $10,753,910
It is satisfactory to notice that the fall of
The Pacific Railroad bonds are all issued under the acts of Julv 1,1S62. and July
lambs this year has, in most parts of the country, been above tlie
2,1864; bear six per cent imereBt in currency, payable January 1 and July 1, aud
matute 30 years from their date.
average.
With increased supplies and with abundance of food
we may liope, therefore, that when due time has elapsed there will
JCateat filoiutarp anD (ttommmiat fiEntjUs!) Ntm be an increased weight of meat and lower prices.
The effect of the fine weather on the corn trade has been to
RATES OF EXCHANGE AT LONDON, AND ON LONDON
cause
an increase of caution on the part of buyers.
For all des¬
AT LATEST DATES.
criptions of grain, the trade has been very slow, and previous
EXCHANGE AT LONDON—
,
EXCHANGE
ON
LONDON.
APRIL 21.
!
quotations have been with difficulty supported. With the season
LATEST
approaching its close, and with a good export demand for wheat
RATE.
DATE.
BATE.
1 TIME.
ON—
TIME.
and several other cereals, holders are not disposed to accept lower
short.
Amsterdam...
11.19%@11.19%
prices, and consequently very little alteration has taken place
3 months. 25.0U @25.65
25.£8@>5.41
Antwerp
April 21. short.
13.7%@13.7%
13.lOX@t3.nfe April 20
Hamburg
during the week. The state of the weather will now be keenly
25.75 @25 85
Paris
watched. I have mentioned that there are indications of a good
Nominal.
short.
Paris
Total debt
bearing interest in coin
Interest in Lawful Money—
nwivr bearing
DB
mkbt
'
,
4
44
1
....
u
—
—
Vienna
3 mouths. 12.80
4 4
Horlin
Franklort..
St. Petersburg
II
Cadiz
1$
II
Lisbon
90
Milan
Genoa
3
months.
41'
April 20.
April 21.
—
—
-
—
—
—
—
—
—
days.
Apiil 21.
00
days.
II
9.
Mch. 10.
••
—
April 21.
60
Mar.
—
grass crop, aud
favorablo to the
below
an
The
—
_
-
6.23%
119 11-1G
31 1-32
41
_
125.25
41
it frequently happens that when the weather is
growth of grass, the wheat crop proves to be
average.
following statement shows
110
the
19
corresponding periods in 1869-70 :
FOR THE WEEK
25 %
24% @25
Ceylon
Bombay
Madras
Calcutta
u
30
48. 5d.
4s. 5(1.
4 p. c. dis.
U. 10% d.
14
41
II
II
days.
—
Mch. 25.
—
—
—
—
6 mos.
_
...
% p. c. dis.
Mch. 25.
Feb. 2.
II
30
days.
18. Ilf?.
1 Vi per
cent.
Indian corn
101,977
Flour
-
correspondent.]
London, Saturday, April 23.
Mr. Lowe delivered his financial statement on
Thursday evening,
proposals for meeting the deficiency caused by the increased
army and navy expenditure have produced disappointment. Many
persons thought that the Chancellor of the Exchequer would have
done all that was in his power to prevent an increase in the income
tax, but in order to meet the increased expenditure he has sug¬
gested an increase in that tax from four pence, its present amount,
and his
or
£1 13s. 4d. per cent, to
£2 4s. per cent.
This is calculated to
the whole deficiency is not more than
£2,713,000, it is manifest that the expense of rendering the country
secure against attack will
have to be borne chiefly by the payers
produce £1,950,000, but
as
5.038,032
Barley
For the
8,850
155,952
5,500
360
196
149
91,355
26,301
28,324
284,863
460
172
(AUG. 28).
27,467,842 183,567
2406,971
15,917
5.117,509
70.691
473,273
Peas
Flour
245,344
75,536
10,398
1,225
13,604
6,080,549
815,828
1,227,198
12,863,694
4,216,034
4,821.020 1120,359
Oats
Beans
Indian corn
555,952
8 376
COMMENCEMENT OF TUB SEASON
owt. 20,415,197
»
Imports. Exports
71,936
3,638
1,343
684
78,986
8,927
41.747
124,653
SINCE THE
our own
74,221
Oats
Peas
Beans.
Wheat
[From
1869’70.
,
376,867 134 899
cwt.
Wheat
Barley
Is. 11 d.
*
Imports. Exports.
—
60days.
11
15.
ENDING APRIL
1870’71.
_
—
the imports and exports of
breadstuff's, &c., into and from the United Kingdom, during last
week and since the commencement of the season, compared with
_
—
—
II
Sydney
short.
3 mos.
II
II
Jamaica
Havana
Rio de Janeiro
Bahia
Apiil 20.
April 21.
41
II
New York....
Hong Kong...
3tife@30fe
19 @49%
52% @53
27 @27.05
days.
Naples
Valparaiso....
Singapore
@12.85
5>.20%@ 0.27fe
120>,@ 120%
_
—
_
44,705
1,153,688 15,983
9,485,745 56,980
2,961,506 1285,708
.
13,733
corresponding periods in 18G8-’69 the figures were aa
under:
Imports.
,
For the
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian Corn
Flour
There has been a
,
week.
Sept. 1.
463,943
18,294,116
121,873
62,514
11,309
29,088
223,444
102,693
7,610,580
3,974,227
824,366
1,917,761
8,693,205
* 2,632,308
Exports.
,
,
Meek.
Since
Sept. 1.
152
136,9**4
3,583
153
76,3.31
12,472
4,196
881
For the
Since
..
somewhat better inquiry for
200
....
344
88,393
22,334
accommodation
changes in the rates during the week, but the rates of discount remain easy, owing to
legacy and succession duties, by which it is expected that that the abundant supplies of capital seeking employment. There is
year’s revenue will be benefited to the extent of £300,000, and it now some talk of foreign loans. It is very probable tbat before
of direct taxes.
for
Mr. Lowe also proposes some
tMay 6,1871.
Tftft CHRONICLE.
658
in this market.
represented as being in an improved condition,
and it is stated that the government has notified all parties having
claims on them to forward them for immediate settlement.
Italy
also is spoken of, and advices from Germany state that there were
at the leading financial centres of a new Turkish loan.
I think that Spain and Italy are the more likely countries to be
successful in this market at the present time, as the other coun_
tries
viewed with some distrust. So far as France is con¬
cerned, it is difficult to form an opinion as to when she will be
able to borrow out of her own country. The news received to-day
indicates
either that
a great
conflict is at hand or
else
that the J military advisers of the government have
elapsed Spain will be borrowing
many weeks have
Her finances are
rumors
are
resolved
With such
ment.s.
1.834—The
rior cotton.
This week the still unsettled dispute
and their operatives has not been
at Oldham between the master spinners
■without some effect on prices in this market
Many of the Oldham spinners have been so indifferent about selling that thev
declined to give quotations. Nevertheless this reluctance on their part has
not prevented cop yarns from becoming rather weaker and woise to sell since
1. st Friday. Manufacturers have not been frightened into buying, in conse
queuce of the anticipated turnout, and the general impression at present seemsto be that, if the hands really do go out, or are locked out, the mills will not
remain long closed.
REDEEMING AGENTS OF
CHANGES IN THE
into submission by a close
starving the Commune
on
made this week for August delivery
forward delivery is stimulated by spinners beim
favorable prices to cover their entrap?
large arrivals in the Mersey, the imports this week amount
advance. Indeed, sales have been
doubt this large business for
able to make contracts for cotton at
NATIONAL"BANKS
following are the changes in the Redeeming Agents of National
Banka since the 20th of April, 1871.
These weekly changes are
The
after the German fashion. Both are evils,
furnished by, and published in accordance with an arrangement made
but the latter is the milder of the two, although it will entail
with the Comptroller of the Currency.
unheard of suffering on the civil population of Paris. At present,
ItEDEKMING AGENT.
there is nothing to indicate the prospect of an improving money
NAME OP BANK.
LOCATION.
market, the supplies seeking employment here being much more
The Commercial Na¬ The National Park Bank of New York
Iowa—
investment of the city
of such a satis¬
carried on.
Bank and open market are as 1870.
follows:1S71.
adequate to the requirements of trade,
factory character as that which is now being
than
The
quotations at
even
1870.
1871.
Percent. Per cent.
for deposits are as
Per cent. Percent.
under :
1370.
1871.
2
2
2#
2*
1*
1*
1*
1*
Joint stock banka
Discount houses at call
Discount house# wiih 7 days’ notice
Discount houses with 14 day s’ notice
Pulaski
Circulation, including
23,546,921 24,412,917 24.122,990 23,795.544 24,785,631
bank post bills
b 441.172
7,660,221
4 219,175
4,955.443
6 345,S29
Publicdeposits
..
16,976,618
20,092,554
20,849,041
17,059,c.73
17,883,892
other deposits
12,827.812 12.938.549
Government securities 12,b76,158 13,217,696 15,020,798
18,249,706 17,832,818 17,370,006 18,342.298 20,584,916
Other securities
Reserve of notes and
8,302,201 11,559,568 13,255,048
11,211,542 11,58',030
coin
19,923,793 22,473,118
20,527,100
17,030,151
IS,336,9
<7
Coin and million
3 p. c.
4 p. c.
2* p. C.
2 p.C*
3
p.
c.
Bank rate
94
93*
93
91*
90*
Consols
....
57s. 6d.
42s. lOd
46s. Sd.
73s. 8d.
61s. 4d.
Price of wheat
.
.
.
.
Mid. Upland cotion...
No 40 male yarn
11 *d.
Is. 5d.
following are the
The
r-B’krate—
1870.1871.
6
8
4
2)4
Frankfort. 4
Amst’d’m. 3# 2)4
Turin
5
6
At Paris
2*
Vienne.... 5
4
Berlin
...
1870.
2
Continental
-Op. m’kt—1
r-B’krate—»
1870. 1871.
Brussels
2)4 4
Madrid.... 5
5
Op. m’kt
1871.
i
Hamburg.
—
2#
1S71.
3*
1870.
.
5“
5
I
2)4 3*
2% 2*© 3 I
2)4 3
8
!I
5
Is.
Is.
quotations at the leading
cities:
7%d.
*d.
ll*d.
3%d.
12d.
Is. 3d.
12*d.
Is. 3*d.
on
securities
93
Consols
-93* 93*-93*
93
90
89
"
U. 8. 5-208, 1887..
U. S. 10-408, 1904
“
0oiz-
..
...
consol’d mort.b’dS|41*-41*
Krie Shares($100).. 118*-
40*-41
NEW YORK FOR THE
WEEK.
18G8.
1809.
1870.
$1,143,940
$1,880,407
7,823,485
$1,692,265
5,746,265
$3,615,118
6,760,908
$5,395,815
$9,703,925
98,793,574
$7,438,520
94,223,967
$10,382,026
118,846,520
FOREIGN IMPORTS AT
Dry goods
General merchandise.,
Total for he
week..
4,251,875
~~
76,067,682
1871.
;q2u-
39*- 90
189%-90
92
192
-
...'.
-92*
|»9*-....
40*- 40* |40*-41*
and has continued
pretty steady, and
American cotton are
engaged two or three months in
$129,228,546
imports of
of specie)
week ending
our
$3,1&S,021
58.489,905
week
Previously reported
For the
$3,439,671
$2,809,834
54,323,425
52,761,008
1871.
$3,910,936
78,327,908
$61 677,920
$55,570,842 $57,763,096
$82,238,844
will show the exports of specie from the port
New York for the week ending Apiil 29, 1871
Fonce, P. R —
April 24—Brig Thomas Far$30,0 0
American gold
all, Mayaguez—
$15,000 April 28—Sclir. William I)eAmerican silver
ming, St. John’s,
25—Str. Westphalia,
Since Jan. 1
of
The following
’
April
London—
American gold
inn
150,000
For HamburgSilver bars
25—Str.
Minnesota,
London—
April
-
1S9*-90
..
Since Jan. 1
Friday. Sat’day.
Owing to the large arrivals of cotton the Liverpool market
has been fiat during the entire week, and spinners of low and medium counts
of yarn have been induced to extend their contracts whenever they met with
favorable opportunities for doing so. Compared with the prices current last
week, buyers have had a slight advantage afforded them, and a fair business
has been done for forward delivery at prices which spinners declined to take
last Friday. Producers continue to keep themselves well under contract, and
$10,382,026 this
imports amount to
$7,359,839 last week, and $5,813,857 the pre¬
vious week. The exports are $3,910,936 this week, against
$5,168,728 last week, and '$3,810,849 the previous week. The
exports of cotton the past week were 13,297 bales, against 23,246 bales last week. The following are the imports at New York
for week ending (for dry goods) April 28, and for the week ending (for general merchandise) April 29.
week, against
In
following relates to the trade of Manchester:
descriptions of shipping yams are
The total
Week.—The imports this
dry goods and general
$81,463,407 $108,497,526 $101,662,487
report of the dry goods trade will he found the
dry goods for one week later.
The following is a statement of the exports (exclusive
from the port of New York to foreign ports, for the
May 2 :
°
EXPORTS FROM NEW YORK FOR THE WEEK.
1868.
1869.
1870.
This market opened quietly in the beginning of the week,
so ever since.
Nevertheless, prices on the whole continue
both yarns and goods made from the better qualities of
gome
Imports and Exports for the
week show an increase
in both
7
140*-40*140 -40*
extremely firm.
MISCELLANEOUS NEW*.
COMMERCIAL AND
merchandise.
to commence business
4)4
13*-1S*!1S*-19*'18*-19* 13* 19 [18*-....
il00|-10 |
IlUnoisshares($100)J11 f 110*
-HOf 109| 110* 100 The cotton trade has been dull, and prices are rather weaker’
The
Alabama. Authorized capital,
O. Baldwin, President ;
8
92*-.... 91* 92*
89* -89* 189* -89* 89*
89*-99* 89*-.
Atlantic & G’t West,
First National Bank of Montgomery,
$100,000; paid in capital, $50,000. WiUiam
Edward R. Mitchell, Cashier.
Authorized
April 28, 1871.
Previously reported..
Thu’ay
“
Bank of Anamosa, Iowa. Authorized capital,
capital, $30,000. II. C. Metcalf, President; Thomas
Cashier. Authorized to commence business April 22,
\V. Shapley,
1871.
3*
-93* ,9-2*-93 >93 - 93*: 93 -93*
-90 * 90 -90* 90*- 90* *90* -99*
89
90
-90
!8) -80
j89 -90
U. 8. 5-20’s, 1882,... «0*-90*'90 -90*
(J. 8. 5-20S, 1884. ... 8;> -DO 189 -90
U. S. 5-208, 1885
89-90 !89%-90 89*-90
First National
$50,000; paid in
5
each day of the week :
Monday.I’fuesday.iWed’ay.
banks have been organized since the
2#
Spain, Holland, Germany
on
National Banks.
5
and Belgium have been in
request. On other countries, however, they have been more offered
There is no demand for gold for export, but Mexican dollars have
been eagerly purchased for shipment to China,
In the Stock Exchange, business lias been very quiet.
Foreign
Government securities have been rather more freely dealt in ; but
British Railway shares have receded in price, owing to numerous
realisations. Consols are rather Matter on Mr. Lowe’s proposals
American securities are steady. The following figures show th
highest and lowest prices of consols and the principal American
Bills
approved.
—
St. Peters¬
burg.... 5
New
Official No.
£
£
York, approved in place of the Me¬
tropolitan National Bank of New
Bank
The following national
20th of April, 1871;
1870.
1869.
£
,
Farmers’ Nation'l
Charlotte
statement shows the present position of the
England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland Cotton, and of No. 40 Mule Yarn, fair, second quality
compared with the four previous years :
1871.
and the Third National Bank of Chi¬
cago, approved.
The Ninth National Bank of New
York. *
The National Bank The Fourth National Bank of New
York, approved.
of Pulaski
The Merchants* and The National Park Bank of New York,
North Carolina-
The following
1868.
£
Granville
National Eank
Tennessee—
Bank of
1867.
£
The North
New YorkNorth Granville
4 months' ba’k bills 2%ft3
2%ft2*
Bink minimum.... 3 ft... 2*ft ..
6 months’ ba’k bills 3*@3* 2*ft2*
Open-market rates:
3 @3*
8.)and 00 days’ bills 2%ft3
2*@... 4 and 6 trade bills.. 3*ft4
3 ft— 2*ft...
8 mouths bills
The rates of interest allowed by the joint stock banks and dis¬
count houses
tional Bank
Dubuque
gold
American
April 26—Str. China, Liver¬
pool—
Silver bars
10,900
550,000
106,403
April 26—Sclir. Isracd Snow,
April
28—Brig
April
April 29—S r. City of Lon¬
don. Liverpool—
American gold.
Silver bars.
Gold bars
April 29—Str.
10,000
Foreign gold.
x
Foreign silver
American gold.
500,000
been
follows;
53,148
29,080
1,750
-f1 'TR
673,800
.$3,332,493
.20,001,68o
1, 1871
I Same time in
$8,097,853 | 1867
10,345,162 I 1866
20,390,047 1 1865
imports of specie at
as
837,225
Deutschland,
Southampton-
Gold bars
Previously reported
The
5,000
American silver—
Castilian,
1868
15,(
April 29—Str. Rising Star,
Aspinwall—
Total for the week.
Total since Jan.
Same time in
1870...
1869
it
P. R.—
American silver—
Port au Prince—
American silver
27—Str. Hansa, Lon¬
don—
American gold
I J
this port during the
$23,334,1(8
054
._n
S'Sft’qfiS
5,4^.^°
past week have
THE CHRONICLE.
—Attention is^invited to the banking card of Messrs. Fansliawe
MacDougall.
This firm succeeds to the business of Lounsberry &
$230 April 29—Str. City of Dublin,
Fanshawe and II. C. Hardy & Son, which latter had a large num¬
Halifax—
Bar gold
21,000 ber of Southern correspondents. Mr. Hardy retired on account of
ill health, turning over his business to the new firm, who have
$52,432
’ 2,919,401 every facility for conducting it.
1i
24—Str.cCity ot
Mcx-
ic^^ra Cruz"
Total
f0^nnrtedeek
Previously reported
Total
xouti since January
game time m
$27,650
3,552
Silver
Gold
City of Fort ail
Prince, Port an P.
ADril
22—Str.
AP
April
&
*2.971,803
Same time in
$2,612,438
729,602
$6,308,883 .1868
8,314,442 \ 1867
'
RANKIN’0 AND FINANCIAL.
Banking House op Henry Clews & Co., 32
Wall st., N. Y
Our business is the
same as an incorporated bank.
mobile and Texas.—This railroad, which the
Deposit accounts can be opened with us in either Currency or
New Orleans, Mobile and Chattanooga Company is constructing,
tnd which has been generally known as the “ Chattanooga Coin, subject to check without notice. Five per cent, interest will
Road ” is completed from a point opposite New Orleans nearly due be allowed on all
daily balances. Checks upon us pass through
west up the Mississippi about 49 miles, and is to be completed to
the clearing house as if drawn upon any city bank.
Donaldson ville, 57 miles from New Orleans, by the 1st of May,
The road We issue Circular Letters of Credit for travelers, available in
and the road-bed is ready for the ties 20 miles further.
a
iH probably be opened for business to Donaldsonville in July or all parts of the world; also Commercial Credits.
We make tele
August. For 20 miles west of New Orleans it is close to the Ope¬ graphic transfers of money to any desired point, and transac
lousas road.
New
Orleans,
The New
United States Loan,—The reduction
of debt, prin¬
the purchase of 5-20 6 per cent bonds of the United
States, has amounted to about $118,000,000 iu the year ending
May 1* 1871. The Government has also negotiated in the past
two months over $02,000,000 of the new 5 per cent bonds, which
are to be exchanged for 5-20s, or the proceeds applied to the pay¬
ment of 5-20s, and this will make a total of about $160,000,000 of
5-20s withdrawn or to be withdrawn from the market by the
operations of the Treasury iu the past year. The Government is
now purchasing at the rate of $8,000,000 to $10,000,000 per month,
or upwards of $100,000,000 per year; and this enormous sum of
money must seek investment in some other standard securities.
A large portion of it must seek investment again in United
States Government bonds, and sooner oi later there seems every
prospect that the new 5 per cents must become a most favorite
security, and in fact the leading Government bond of the market.
In addition to all the usual advantages pertaining to Government
securities, which are well known to be far above those of any
other bonds, the new 5 per cents have the special and important
features that the interest upon them is payable quarterly, and
that holders of registered bonds may obtain their interest in a
Treasurer’s check, sent directly to them by mail, without any of
the trouble usually attending the collection of interest on regis¬
tered bonds. This is a very important feature, and makes the new
reo-istered bonds much more desirable than those of other issues.
A very complete statement in regard to the loan and its progress,
and the reduction of the United States debt every month since
March 1, 1809, will be found in another column.
cipally by
every description of
We draw Bills of
foreign banking business.
sums from £1 upward
Exchange in
road, and shall have it done to Lapeer, in Michigan, by May G ; we
liave the iron purchased, and all the necessary appurtenances to
make an early connection with the town of Flint, where we shall
liave the advantage of a business connection with the Flint and
Pere Marquette Railroad coming from the northern part of the
State, and have
no
doubt whatever of being able to make our
at Owosso
with the Detroit, Milwaukee
and the
Jackson, Lansing and Saginaw Railroads by early Fall.”
—The attention of
first
by Messrs. Mead & Clark, Bankers, 141 Broad¬
The railway is situated on the west side of the Hudson
River, and is now running for 20 miles to New Paltz, and is under
way.
contract to he in
therefore
working order to Kingston next fall. The bonds
worthy of the investiga¬
home investment, and are
tion of parties
having money to invest.
are
a
semi-annually in this city,
on
The coupons are paid
the first days of April and October,
free of Government tax, and the issue of bonds is limited to
$20,000
per
mile of completed road.
,
—Messrs. Morton, Bliss & Co., No. 80 Broad street, the bankers
Road, write that the new president of the
company, Col. Thomas A. Scott, after a survey of the prospect of
traffic and expenses of the present year, estimates the gross earn¬
ings at Nine millions of dollars, and the net income, exclusive of
sales of and collections from lands, at $4*500,000.
of the Union Pacific
11
f^The Imperial Bank, and Messrs. Clews, Habicht & Co., London.
The Provincial Bank of Ireland, The National Bank of Scotland,
and all their branches.
We issue Certificates of
Deposit payable
on
demand
or at
fixed
date, bearing interest, and available at all money centres.
Orders executed for Government and other investment securi
ties ;
also Gold and Exchange.
Advances made
disc
on
approved collaterals and against Merchan
consigned to
our care.
We make collections of Notes, Drafts,
with promptness on
banking facilities
Coupons and Dividends
all points, and are fully prepared to offer
upon
either
currency or
gold basis.
A. S. Hatch.
Harvey Fisk.
Fisk & Hatch,
Bankers and Dealers in Government
Securities,
)
^No. 5 Nassau street, New York, May 1, 187L f
The recent advance in the Six Per Cent Gold Bonds of the
Central Pacific Railroad Co. to
*>1
a
i ^l
vf
tj
superior, safe and reliable security.
personally recommend them to our friends
desiring to make new investments, or to fund their
We
Price 90 and accrued
interest.
t-H
A difference of about 20 per cent may now
entire
and customers
Five-Twenties
safety by exchanging Five-Twenties for
be realized with
these Bonds.
FISK & HATCH.
capitalists and investors is directed to the
mortgage seven per cent gold bonds of the Walkill Valley
Railway Co., which are offered for sale at 90 and accrued inter¬
est in
currency,
*
on.
premium above par, affords
an illustration of the popular demand both in this country and
Europe for reliable six per cent securities having a long and fixed
time to run, and paying a fair rate of interest on their cost; and
it further shows that the first mortgage bonds of honorably
The German BaiiK of London (Limited).—The increasing
commercial relations between England and Germany, and the cer¬ managed railroads, when known and appreciated, will command
tainty of their continued expansion, make the commencement of public confidence, and must to a large extent take the place of the
business by the German Bank of London an event of no small
Government Five-Twenties (as the latter are purchased or called
importance in the financial and mercantile world. The hank is
established in a most central and convenient position—namely, in in by the Government), and thus command higher prices than
Bartholomew house, Bartholomew lane, and it is under the direc¬ heretofore.
tion of some of the most competent men to be found in England
The Chesapeake and Ohio Railroad, under substantially
or Germany.
The capital is £2,000,000, in 200,000 shares of £10 the same Financial and Executive management as that which has
each, of which £600,000 has been issued, and within six months
the whole of this will he fully paid up. The bank has no branches rendered the Central Pacific so great a success, is being rapidly
on the Continent or abroad.
It is, as its name expresses, the Ger¬ extended to the Ohio River, in response to the demands of com¬
man Bank of London, and will be engaged in negotiating approved
merce for enlarged transportation facilities between the Great
securities, and in transactions appertaining to foreign banking West and New York and other
important points on the Atlantic
business. Established upon the solid basis just described, with
wide and powerful connexions, and administered with all the skill seaboard.
and prudence that experience can command, the institution cannot
The present successful operation of the 227 miles of completed
fail to be of eminent service to the public, whose confidence it will
road, the value of the property upon which they are secured, the
certainly command.
certainty of a very large and remunerative traffic for the road, and
—The interest due May 1, on the bonds of the Port -Huron and the
very high character of the Company and of its Officers and
Lake Michigan Railroad Company—common and endorsed- is paid
Directors, commend the Six Per Cent Gold Bonds of the
by Messrs. Drake Brothers, Bankers, 10 Broad stre&. They state
iu regard to the road; “ We are progressing rapidly with the Chesapeake and Ohio Railroad Co. to public confidence as a
final connection
ii
-
1,1871
1869
557
GERMAN BANK OF LONDON
(Limited).
Directors.
George Albrecht, Bremen.
London.
Klotz, Frankfort-on-the-Main.
Victor Freiherr Von Magnus, Berlin.
Julius May, Frankfort-on-the-Main.
Adolph Vom Rath, Cologne.
Charles Ferdinand Rodewald, London.
Frederick Rodewald, London.
Thomas Sellar, London.
Rudolph Snlzbach, Frankfort-on-tlie-Main.
Ti. Joseph Speyer, Frankfort-on-the-Main.
Managing Director—Otto Nestle.
Edward Henry Green,
Carl
Assistant
,
Manager—Leopold Bonn.
Auditor—George Thomas Brooking.
Bankei s—The London Joint Stock Bank, London.
.
<
,*!i
-
I
divided
capital
intended
Capital of the German Bank of London Limited is £2,000,000,
into 200,000 Shares of £10 each: of which 60,000 Shares, representing a
of £600,000, have been issued, subscribed for, and allotted, and are
to be fully paid up within six months.
The bank is established in London and has no branches on the Continent or
abroad. It is now prepared to open business, to negotiate approved securities,
and generally to attend to transactions appertaining to Foreign banking
The
PROGRESS OF
JBTNEW FIVE PER CENT.
in the Treasury.
BONDS OF THE
UNITED
Treasury Department is now able to promise that the registered Certifi¬
cates of Stock, and a good part of the Coupon Bonds of the New Loan of the
United States bearing Five per Cent, interest, payable quarterly in gold, will
be ready for delivery early in the present month. The subscriptions to the
loan now amount to $62,000,000, and it is expected that the subscriptions and
The
October 1..
Novemb’r 1
December 1
1870.
January 1..
February 1.
the New Five perCent.
interest
4,812,781
3,933,664
6,484,811
5,766,349
11,697,793
14.301,962
20,203,772
17,034,123
13,403,325
9,007.498
5 129,296
7,475,860
April 1
Mayl
2,432,562,127
2,420,864.334
June 1
July 1
August 1...
Bond, under and pursuant
Loan Act of Congress:
FORM OF FIVE FER
2,448,746,953
March 1....
thirty years.
a copy of
5,604,234
7,467,429
7,363,882
Septemb'r 1
October 1..
Novemb'r 1
December 1
1871.
2,355,921.150
2,346,913,652
2.341,784,355
2,334,308,494
.
per annum, pay¬
November in each
Recorded
18....
Washington,
Register of the Treasury.
Registered bonds will be issued of the denominations of $50, $100, $500
$1 ,000, $5,000 and $10,000, and coupon bonds of each denomination except the
last two. The interest will be payable in the United States at the office of the
Treasurer, any Assistant Treasurer, or designated depository of the Govern¬
ment, quarterly, on the first days of February, May, August and November in
on
the
279.528
337,558
401,836
10,061,506
178,549,607
9,768.940
763,522
183,678,904
191,154,165
9,718,436
9,686,164
814,025
846,298
470,956
10,022,498
10,007,312
9,982,350
9 '. 56,759
9,926.762
9,886,812
9,854,633
9,814,590
WILLIAM A. RICHARDSON,
Acting Secretary of
30, 1871.
r~
~
‘
from the payment of all Taxes
or
form'by or under
each year.
The interest
9,626
25,372
55,622
148,893
198,943
76,716,306
80,649.971
87,134,782
92,901,132
104.598,925
118,900.888
139,104,660
156,138,784
169,542,109
509.964
525,149
550,112
575,703
605,699
645,649
677.829
717,812
the Treasury.
determined by the
registered stock of this loan, it is
(©alette.
€i)e IScinlura’
AMERICA
the day of the date hereof, at the rate of five per centum
able quarterly, on the first day of February, May, August and
year. The principal and interest are exempt
Duties of the United States, as well as from taxation in any
State, municipal, or local authority.
.
$6,224
2,240,700
4,040,986
7,317,960
11,011,250
2,332,067,793
2,328,026,807
The
DIVIDENDS.
following Dividends have
is redeemable at the
pleasure of the United States after the first day of May, A. D. 1881, in coin of the
standard value of the United States on said July 14, 1870, with interest in such coin
x
charge.
,526,238
10,522,835
10,507,090
10,476,840
10,383,568
10,333,518
10,252,933
10,194,903
10,130,625
193,395,406
9,644,043
888 418
197,436,453
9,610,386 *
922076
March 1...
2,320,708,846
204,754,413
9,571,007
96H55
215,765,662
9,527,212
1,005249
April 1.... 2,309,697,596
2,303,573,543
6,124,053
9,459,959
1,072^503
221,889,716
May 1
The foregoing is a correct statement of the public debt, as appears from the
books and Treasurer's returns in the Department at the close of business, April
January 1
February 1.
| FUNDED LOAN OF 1881. | five ter cent.
ARE INDEBTED TO THE BEARER IN THE SUM OF
DOLLARS.
This Bond is issued in accordance with the provisions of an Act of Congress
entitled “An Act to authorize the refunding of the National Debt,” approved July
14,1870, amended by an Act approved January 20, 1871, and
Entered
ly inter’t
CENT. BOND.
UNITED STATES OF
_
in m’th-
interest
charge.
$10,532,462
$6,665,868
20,050 646
36,460,779
43.896.523
49,500.758
56,968,187
64,332,070
71.903.524
7,571,454
2,406,562,371
2,386,358,599
2,369,324,476
Decrease
Monthly
1>
16,410,132
7,435,744
2,475,962,501
2,468,495,072
2,461,131,189
2,453,559,735
2,444.813,288
2,438.328,477
and bonds arc ready for
Five per Cents offered
to the public generally, and to the holders of United States 5-20 Bonds, w ithout
qualification, is $200,000,000. When this amount, to which preference is thus
given, is taken up, the remainder of the Five per Cents, $300,000,000, embraced
in the new loan of July 14, 1870, for refunding the public debt, will be offered
in connection with $300,000,000 Four and one-half per Cents, and any part of
$700,000,000 of Four per Cents, the one running fifteen years and the other
following is
2,505,412,613
12,334,777
2,489,002,480
2,481,566,736
July 1
August 1...
Septem. 1..
sales will progress more rapidly when the certificates
market abroad as well as at home.
The whole sum of
to the New
2,525.196,461
$266,798
6,399,070
2,518,797,391
Mayl
date.
month.
$2,525,463,260
June 1
STATES.
The
d’bt dur’g
April 1
E. C., April, 1871.
T’l decre’se
from Mch
1,1869, to
preceding
Decrease of
S., less cash
.....
House, Bartholomew lane, London,
REDUCTION OF THE NATIONAL DEBT
Debt of the U.
1869.
March 1....
business.
Bartholomew
[May 6, 1871,
CHRONICLE
THE
558
Treasury Department, w7ill be paid as conveniently to the holder as on the
Coupon Stock, and personal attendance, or attendance by proxy at the Treas¬
ury, to draw and receipt for the interest will be dispensed with whenever the
check of the United States Treasurer, mailed punctually to the address and order
of each holder on or before every quarter-day, is preferred to such attendance.
This check, payable in gold coin at the Treasury in Newr York (or such other
office as the Stock is registered at), will be negotiable or collectable on the
indorsement of the owner or owners of the Stock. In pursuance of this
been declared during the past week:
Per
Cent.
Company.
Railroad*.
Cleveland & Pittsburg
Northern Central
Boston,
Ranks.
State of New
Nassau
4
4
May 10. May 1 to May 10.
May 3. May 3 to May 10.
3
Lowell
York National....
miscellaneous.
New York &
15. May 1 to May 16.
25.
30.
1.
5
3
5
Concord & Montreal....
Nashua &
Books Closed.
May
May
May
May
May
2^
Pennsylvania
When
P1 ABLE.
•
1.
May 16. May 10 to May 16.
Alleghany Oil Co..
Friday Evening,
Tlie Money
whole week, at
May 5, 1871.
during the
yesterday and to-day the leading
Market.—Money lias been very easy
4(3)6 per cent, and
government dealers
have obtained large amounts
at 3 per cent.
with a consequent
used in speculative
operations, and as there is a growing confidence in a continuously
easy market for some months to come, the tendency has been
towards easier rates, as above noted, the same tender cy being also
shown by time engagements, which have been made at 4(3)5 per
cent for 60 days.
The glut of national bank notes is again becom¬
ing very apparent, and they sell at a disconnt of
per cent;
arrangement, the subscribers to, or purchasers of the Stock in its registered the
greater part of the Treasury balance, amounting to about
form (which is a complete protection against theft or other losses incident to
twelve millions, consist of these notes, and the payment for fiveCoupon Bonds payable to bearer) are advised to give their Post-office address twenties bought this week was made entirely in this currency, but
in full, and to notify of any change in the address between quarter days.
the payments into the Treasury for gold sold were made in the
The whole proceeds of the new loan will be applied to the payment or re¬
same, the Treasury operations of the week have not been such as
The stock market has been rather less active,
diminution in the demand for money to he
as
demption and cancellation of the 5-20 years six per cent, bonds, and in addition
proceeds the 5-20s are now being reduced by purchase at the rate of
$10,000,000 per month.
The entire effect, therefore, of the new loan, in connection with the existing
Sinking Fund process of the Treasury, is to reduce both principal and interest
of the Public Debt of the United States.
The loan creates no additional supply
of Government stocks, while the application of the surplus revenues derived in
gold from Customs is constantly lessening, as it has been doing for two years
past, the Funded Stocks beaiing six per cent, gold interest.
The 1st of May schedule of the Public Debt, which has just been published
by the Secretary of the Treasury, shows a reduction in these stocks since the
April schedule of $12,215,700 and a further lessening of the yearly interest
charge thereon of $732,942. This leaves the total yearly interest charge in gold
$111,982,031. In the same month the Treasury paid and canceled $2,470,000 of
the Three per Cent. Currency debt, reducing the whole of this debt bearing
interest to $51,023,000, and the yearly interest charge thereon to $1,537,470.
The proposed further reduction of the annual interest charge upon the Public
Debt by refunding is as follows:
to these
By exchange of $500,000,000
per cents of 1861
By exchange of $300,000,000
a half per cents of 1866
By exchange of $700,000,000
United States six per cents for new five
bonds every Wednesday.
The national banks have received notice from
of the Currency calling for an exhibit
close of business on Saturday, April 29.
The bank statement of Saturday 29th ult.,
be $5,230,320 stronger in tbeir excess
whole excess being $13,570,692.
The following statement shows the present
<
the Comptroller
of their condition
at the
showed the banks to
of legal tender reserve, the
#
.
condition of tue
associated banks, compared with the same date in the last two years:
$5,000,000
April. 29. 1871.
April 30.1870. Mnyl,W.
United States six per cents for four and *
4,500,000
United States six per cents for four per
14,000,000
cents of 1901
On
legal tender
and
will be
that
$14,400,000.
In order to obtain legal tenders to redeem the certificates, it has
been suggested that the Secretary of the Treasury may have to
resort to unusual measures, such as selling a large amount ot
gold. The Treasury Schedule for May embraces the sale ot
$2,000,000 gold every Thursday, and the purchase of $2,000,000
materially the legal tender reserve of the banks.
Saturday last, the redemption of $2,000,000 3 per cent
certificates called in by order of March 6, was commenced,
notice was given on the 2d instant ’that $1,250,000 more
called in after June 30, upon which, interest will cease at
date ; this makes the total amount called in to date
to affect
$287,5*4,538
Loans and discounts
15,597,189
Specie
81,461,929
Circulation
Net deposits
Legal Tenders
The demand for first
222,349,225
60.426,291
$209,504,000
2S.817.1XX)
33,500,000
803,789.000
59,914.000
class commercial paper
ouo
oHS’mO
im’ojs’uOO
‘^’Ko
56.4S5.OW
has coniinueu
$23,500,000 tolerably good, but with the actual and prospective ease in money,
rates are easier and we have heard very choice names quoted as
The large and rapid accumulation in the last few years of private capital now
This however is so low*as to check tue
retired from active business, and of the cash Savings and Life Insurance pre¬ low as 54 to 6 per cent.
demand, and a limited business has been transacted.
per cent.
miums deposited with or intrusted to the provident institutions of the country
5'A® £k
all seeking the most undoubted security, pledged to be kept free of all taxes,
0 @7,
Commercial, first class endorsed
60
days.
....4 months.
(<k
under national or local authority, and content, provided this object he assured,
8k
!!””!"..*!! .!!!.!!!*!.!!!....6 months.
with moderate rates of interest—will no doubt ultimately absorb so much of
single names,
60
days.
6A& 9k
4 to 6 months.
5k@ fk
these New Stocks as may not be taken in voluntary conversion of United States
6k<a 7k
Bankers’, first class foleign
days.
...’
00
domestic
......8 to 4 months.
Total saving per annum
by refunding
“
«
•»
«
*•
“
“
“
•*
“
5-20s, or marketed
abroad.
•
•
In charge of United States loan advertising.
Treasury Office, New York, May 2,
1871.
C. C.
NORVELL,
“
*
United States Bond*.—Government
on a
moderate business.
securities have
The foreign bankers,
been find
particularly the
THE
1871.]
May
CHRONICLE.
to have been among the principal purchasers,
fhJhigh rates of exchange have stimulated their inquiry for N.Y.Cent&H.R
do
scrip
SI Sflto send abroad. There have been no special influences Harlem
Erie
nnon the market and the tone throughout has been unuLake shore....
beanv?teadv The Treasury purchases for May will be $2,000,000 Reading
Wabash
every Wednesday, making $10,000,000 for the month, the anPittsburg
Northwest
imvment of the programme had little effect upon prices.
do
pref
Pnr^iant to the notice $2,000,000 were purchased on Wednesday Rock
Island...
Fort Wayne...
ft prices between 110.98 and 111.11, the total offered being $5,- St.
Paul—....
do
pref....
Ohio,
71Nothin^ new has yet been developed in regard to the negotia¬ CentralMlssissio
of N.J.
tion of the 5 per cent, loan, although it had been expected that
Chic. & Alton.,
do
do pref
;{,0 Cppretarv of the Treasury would make some changes in his Panama
Arrangements for disposing of the bonds, after the first of May ; Clev..C C. & I
Mr Boutwell has just returned to Washington after an absence at Col.Chic. & l.C
Del..Lack.,&W
the West and it is possible that he may now take some action in
Hann., St. Jos.
do
pref
the matter. The last public debt statement shows a further large Illinois
Centr’l
reduction of the public debt; and this, together with the present Mich. Central.
high price of our government bonds—about par in gold, and the Morris & Essex
B.,Hart. & Erie
rapid purchases of the 6 per cents, also tend in favor of the new Union Pacific.
bonds. The market to-dayjyas the firmest of the week and prices West. (In. Tel.
Mariposa pref..
close at a fractional advance on our last quotations.
acific Mali....
The following were the highest and lowest prices of leading guiCKsilver....
Adams Expr'ss
Am.Merch.Un
government securities at the Board on each day of the past week :
United States.
Tuesday, Wednesd’y Thursday
Friday,
German
houses, seem
Saturdav,
n
*
i
Wndnocdhr
II Avi/InTi
Monday,
April 29.
May 1.
May 2.
ThisiB the price
Tj* xt .1
n
M ay 4.
May 3.
1173* *1165* 117
110ft
117-4 H.ft *H7
8’b, 1881 coup.... UVA
in
5 26’s, 1802 coup.*111
UH4 MU ll‘/4
in
114>* *110-8 111
5 20*^,1864
“
in
1 4
*xll0ft 111
5-20-8,1865
Il3ftil3?* U3ft
113
5-*0*8,1865 n
113.1* 113 u ii3ft 113ft
113
5-20 8,18H7
‘
113 ft *U3ft 1135* 1185*
113
5‘20’s,1868 "
1095* 109 ]* 1091* imx 1095*
10-40*8,
*115%
iis^:
115;*
Currency 6’s
*
Th
him
him
....
him
....
113 ft
....
....
109ft
115J*
111
111
111
113
..
n
May 5.
*1165* 117
in
1113*
no?*
*1105* in
*1105* 111
*1105*
113ft 1133*
13!*
1133* H3% 1133*
113!* 1133*
113
1185* 1133* 113ft 1133*
1095*
1093* 1095* *1093* 1095*
il5ft «... 1153s
115!*
Wells, Fargo..
*
Monday, Tuesday, Wednesd’y Thursday,
Friday,
May 1.
May 2.
May 3.
May 4.
May5.
99ft 100ft
99ft 100
95ft 100
98ft 995*
993* 99ft
913* 953*
94ft 91ft 94
94ft
33ft 94ft -94ft 95)*
133
*132
1325* 132 132ft *132 1823* 182ft 182ft
20ft 21ft
21ft 2-2
21ft 22ft
21ft
235*
225* 23ft
1103* 109 ft 110ft UOft 111
110ft lllft lllft U2ft 112ft 113ft
112ft 109ft lllft 1035* 110ft 109 110!* 1093* 110ft 1103* 1113*
64
655*
64ft 64ft
64ft
6]ft 64ft 64ft 64ft .64ft 65>*
124 ft 126
125
123ft 124
124ft 125
124ft l'«5ft 125ft 125ft
85ft
83ft 81ft
84ft 86ft
8«>* 873* 85ft 86ft
S5ft 86ft
973*
96ft 97ft
973* 97 ft
983* 99
983* 98ft
98ft 98 ft
114ft U25* 1135* 1133* 1143* 113ft 114ft 1143*115
114ft 115ft
99
99ft 99ft
99ft 993*
99ft
99ft 99ft
62
625*
61ft 62ft *61 ft 62?*
61 ft 62 ft
623*
62ft 6‘2ft
82ft
8!ft Sift
8I3* 82
81ft 82 ft
§13*
82
81ft
81ft
51
53
50ft 5‘2ft
51ft
503* 515* 50ft 51 ft 5;'ft 51 ft
108
*1075* 107ft 107ft 108
1683* 103ft
108ft 108ft
119
*1183* H9
*ll8ft 119 *118 119 ft' 118 119
*.... 121
*.... 1203*
120ft*.... 1203*' 118ft 120ft
*56 ft 53
*f5
*53
54
*52
53
503*
89 ft 89 ft
895*
89ft
89ft 89ft
89ft
69ft
23
233* *23
23
233*
23ft
23
23>*
22ft 22ft
1085* K9ft 1093* 109 ft 109ft
109ft 110ft 110ft110ft
1053* 102 ft 104
102?* 1035* 102 1023* 102 ’ 104
103ft 103ft
1063* 1013* 1053* 104ft 105!* 1023* 104
102ft =04
103ft 101ft
135ft *134 135ft •134?* 135ft *134 136
*.... 136
135
122
123
1‘23'
123
*122ft 123
*122ft
93
93
92ft *92ft 13
93
93**
*2
2ft
2ft
2
2ft
32
335*
325* 333*
ft 33ft
32ft 32ft
32ft 32ft
323* 33ft
59 ft 60ft
60ft
595* 603* 59ft 603*
59ft 59ft
59ft 59ft
10ft
10ft 103*
10ft
*loft 103* *10 ft 10ft
April 29.
,
1003* KKJJ*
953* 955*
132
13-23*
21ft 21ft
109 ft
111ft
64ft
123ft
83ft
965*
1133*
100
623*
815*
515*
108
119
»
57*
89 ft
,
Saturday,
559
*23ft
1U9
1033*
»
104 ft
...
.
-
*
....
....
....
....
....
....
....
....
....
....
....
....
....
l"2ft
925*
23*
33 ft
60
*
....
....
....
....
....
103*
12ft 12ft
47ft 48ft
81
8lft
59 ft 59*
51ft 59ft
....
....
....
....
44
....
....
....
12
47
81ft
59
53 ft
*44
12
47 ft
*12
13
47ft
815*
59 ft
*57
60
45
57ft 58ft
57ft 583*
*43)* 45
*433* 45
813*
48ft
82
59
473* 48ft
82
58ft
....
*11
12
47ft
*81ft
47ft
62
58ft ....
57ft ....
44ft 44ft
....
•lift
47 ft
13ft
48ft
82
58
58
•41
45
This Is the price bid and asked, no sale was made at the Board.
....
..
..
.
..
..
....
...
....
....
bid and asked, no sale was made at the Board.
The Gold
Market.—Gold has been very steady at lll(r?>lll£
throughout the week, closing at lll£. There have been no dis¬
turbing elements in the market, camparatively little speculation,
only a moderate export demand, and the amount of Treasury
sales for the month are the same as in April—$2,000,000 each
week—so that there lias been no good basis for wide fiuctations
in the premium or for speculative manipulations.
The total ex¬
port for the week will not probably exceed $1,200,000, which is
less than had been anticipated by many, and the customs receipts
have been only $2,622,000, against nearly $3,000,000 the previous
There is still an important short- interest in the market,
week.
probably based upon the general idea that 110 is about the natural
figure for gold, aside from any extraordinary customs or export
demand or other disturbing influences, and that the tendency of
the market in the long run will be towards that level.
In the gold loan market rates have ranged from “ flat” to 1-82
of one per cent a day for borrowing, and “ flat” to 3 per cent for
carrying ; to-day the rates paid for carrying were 1,14 and 2 per
State and Kailroad Bonds.—Southern state bonds have been
unusually dull the past week with scarcely any speculative move¬
ment. There has been little intelligence of importance from the
Southern States, of such character as to influence the price of their
securities, beyond the reports from South Carolina of the meeting
on Tuesday, 9th inst., of the lav-payers’ convention at Columbia.
The delegates to this convention are said to represent the conser¬
vative element of the State, and the proposed meeting is considered
favorable to bondholders interests.
Railroad bonds have been more active, both for the regular list
sold at the stock board, and for the first mortgage bonds of several
uew roads now offered in this market by different banking houses.
There is also a large class of bonds which have been negotiated cent.
within a few years past, but are not on the stock board list, and
The following table will show the course of the gold premium
the dealings in these through private bankers and brokers are
each day of the week past;
carried on to a very considerable extent. The inquiry for all
—Quotations.—
kinds of first-class railroad bonds is stimulated by the large
i losLowTotal
Balances.
OpenHighamount of funds released by the government purchases of 5-20
CBt.
esl.
Gold,
l urrency.
ing.
ing. Clearings.
lllft
$39,0:5,000
$1.794,822
$2.0:4,946
lllft
lllft
Hlft
bonds, as these funds naturally seek investment in other safe and Monday, May i
111 ft
111]*
Ulft
34,828,(00
lllft
1,801,999
2,028,907
lllft
lllft
32.978,000
lllft
865,946
lllft
profitable securities.
Tuesday,
“
2
966,633
111
-lllft
lllft
lllft
1,575,750
24,365,0.-0
2,098,272
Central Pacific railroad bonds Jhave been in good demand and Wedn’uay, “ 3
HI
-lllft
111ft
17,009,000
Thursday, "
Hlft
1,196,594
4
1,409,502
close firm at 1001@100£.
lllft
lllft
Friday,
“
5
lllft
22,567,000
lllft
1,177,952
1,311,910
Union Pacific first mortgage bonds closed at 891 to 90; Land
111
Current week....
•HI ft
lllft
170,8‘32,0T0
111]*
1,177,952
1,311,980
Grants, 81f to 81 g ; Incomes, 83 to 83£.
1'1
111 ft
Previous week...
206,815,000
11'ft
lllft
1,; 51,104
1,391,166
The following are the highest and lowest prices of the most
110ft
HOft
112ft
111]*
active State Bonds at the Board on each day of the week:
Foreign Exchange.—Rates have been pretty firmly main
Monday, Tuesday Wednesd’y, Thursday, Friday,
Saturday,
May 3.
May 4.
May 5.
tained at 110@110£ for best bankers 60 days sterling, and 110£@£May 2
May 1.
April 29.
67
6b Term., old...
67ft 67ft
67ft
673* 675*
67ft
673*
673*
for short sight, but at these rates there has not been much busi¬
67
6s Term, new...
67ft
673* 67ft *673* 675*
67ft
67ft
67ft
4 S3*
47 ft
68 N.CfUVi old.. *473* 483*
47ft
*47
*473* 475*
49
ness transacted.
To day a leading house, was drawing demand
26
*25
*25” 25>*
6b N.Cur., new. *-53* 26
25ft *25
25ft
25
bills
llOU
less
at
commission, with the effect of checking other
69
69
*68
6s Virg., old....
*68ft 693* *69
693*
6934
6s S C, n, J & J
61
f.i” eijg 60ft 61ft 61
lift
61ft 615*
61
transactions to some extent, and probably also of diminishing the
91
6s Missouri....
91
935*
*935* 91
94
*935* 943*
exports of specie. The latter have been retarded, too, by the
Un.Puc. 1st..,.
89ft
89?* 90
893* 895*
89?*' 90”
89ft 895*
893* 895*
81
81
U.P. L’dUt....
813*
81
81ft
813*
813*
81ft 813*
81ft
unpopularity of the new hill of lading adopted by the steamship
U. P. Income.. *81 ft 82
81
*81ft 82
*Slft
82
Rift
lines, which exempts the ship-owners from almost every sort, of
Cent.Pac.Gold lOJft 1093*
*10)ft 1003* 100?* 100ft 100ft 100ft
100ft 1003* 1003*
liability, including tlieit. Although it is believed that these
This is the price bid and asked, no sale was made at the Board.
sweeping exemptions could not be held valid in a court of law,
Railroad and miscellaneous Stocks,-Stocks
have been there is always a disinclination on the part of merchants to enter
very quiet, compared with the immense business and wide fluctu¬ into engagements where an appeal to the courts will be necessary
ations of the previous two weeks.
It can hardly be said that to secure their rights. Cotton exports of the week amount to
there have been any definite signs of weakness, but the temporary 71,087 bales against 36,275 bales in the same week of 1870.
lull in speculative business has apparently been a pause, rather
Quotations are as follows:
than a change in the tone of the market.
60 Days.
3 Days.
The principal reason
ll(!ft@ 110ft
110 @1103*
for this comparatively quiet market, is found in the fact that sev¬ London prime bankers
commercial
109?f@ 109ft
@
eral of the leading operators, who have recently been most promi¬ Paris (bankers)
@
@
5.12ft@5.13ft
5.17ft@5.!83*
nent in the “ bull” cliques, have been absent from the city, attend¬ Antwerp
5.10 @
Swiss
5.13ft@
40ft@
41)*@ 41ft
ing the annual election of directors of the Lake Shore and Michi¬ Amsterdam
36ft@ 36ft
36ft@
Hamburg
SO3*
gan Southern Railroad, and with their return to the city the com¬
Frankfort
40ft@ 41
4lft@ 41 ft
79ft@ 79ft
79?i@ 79ft
ing week it is anticipated that there will probably be another Bremen
lift® 71?*
72ft @ 72ft
upward movement in the market. In other stocks which were Prussian thalers..
not affected by
The
for
the
week
at
the
Custom
transactions
and
Sub
House
the circumstances above referred to, there has been
some
activity and an advance in prices. Rock Island closes at Treasury have been as follows :
U-H, Northwest at 86£, do. preferred at 981, and Reading at 113§,
Custom
-Sub-Treasury
all
House
Receipts.
Payments.materially higher than last week’s closing prices.
Gold.
Gold.
Receipts.
Currency.
Currency.
It is considered an evidence of much strength in stocks, that
$361,000
$743,012 62
$275,048 28
$58,246 78 $1,553,210 84
Saturday, April 29
prices have been so firmly maintained, and in several cases even Monday, May 1.... 4)-*,000 1,097,0 3 79
520,198 72
680,S34 88
,793,713 14
428,000
1,097,200 00
159,280 35
429,434 97
585,532 92
“
2
advanced to higher figures than before, on a dull market; and Tuesday.
417,000
534,947 67
479,362 55
793,516 70
592,838 51
Wednesday, “ *3
based upon this
476,000
1,011,146 41
207,304 76
2,816,707 98
281,277 77
strong tone and the almost universal expectation Thursday, “ 4.... 538,000
704,0)3
13
2,367,-268
63
281,978 15
of easy
2,515,368
18
Friday,
“
5....
money, the opinion seems to be generally held that an¬
other upward movement will probably occur very soon. On the
Total..
$2,622,000 $5,240.173 62 $4,008,503 29 $9,030,705 49 $6,355,055 33
other hand it is to be remembered that prices are now much Balance, April 28
65,744,819 41
9,630,043 87
higher than they were six weeks ago, and it is almost a certainty
$70,985,293 03 $13,638,607 16
that when
6,355,055 33
they have reached a point sufficiently high to satisfy Payment during week.
9,030,705 49
the
controlling cliques, the stocks will be distributed upon out¬ Balance, May 5
54
$7,283,551
$61,95-4,577
83
side purchasers in the same manner that
they have been “ un80
New York City Banks.—The following statement shows the
*re(lllent]ly
the past.
condition
of the Associated Banks of New York City for the week
following were the highest and lowest prices of the active
hst ofrailroad and
miscellaneous stocks on each day of the last week; ending'at the commencement of business on April 29, 1871:
,
•
•
•
•
■
•
...
....
....
*
....
....
*
....
....
....
....
...
...
•
.
—
....
^
*
,
THE CHRONICLE.
560
-.
Union
America
Phcenix.,
....
...
3,143,011
2,701,500
6.043,313
1,000,000
600,000
800 000
Tradesmen’s
Fulton
Chemical
2,898.162
Merchants’Exchange.... 1.235,000
Gallatin, National
1.500,000
800,000
Batchers’
Mechanics and Traders’.
600,000
3.238,629
2,42.,100
1,964,800
1,028,645
3,151,803
200.000
600,000
500,000
Greenwich
Leather Manuf
Seventh Ward,
State oi New York
American Exchange
4,442,596
2«’oq*
.^3j,*00
2,3<6,h98
3,600,600
2,014,590
*>31.,2<9
2,141,900
1--548,6 to
1,000.000
Broadway
1,000,000
Ocean
1.000.000
422,700
2,000,000
450,000
412,500
Mercantile
Pacific
Republic
Chatham
People’s
North American
Metropolitan
.
.
Commonwealth
300,000
Oriental
Marine
400.000
300.000
Atlantic
Importers and Traders’.. 1,500.000
Park
Mechanics’ Banking Ass.
Grocers’
North River
East River
Manufacturers* Mer....
Fourth National
Central National
Becond National
Ninth National
First National
Third National
New York N. Exchange
Tenth National
2,000.000
500,000
300,000
400,000
350,000
500.000
5,000.000
8,000,000
300,000
1,000,000
500,000
1,000,000
300,000
1,000.000
Eleve ith Ward
200.000
Eighth National
250,000
American National
500,00C
Germania
Manufacturers* Builders
200,000
100 000
The following are the
1,298,415
1.749.700
3,93«,7()7
1.932.100
292,576,404
291 114,320
April 1.... 291,032,927
April 8.... 290,107,870
April 15... 2?5,580,506
April 22... 285,207,796
April 29... 287,554,533
790.565
10,830
3,081,700
1,611,780
615,525
97,100
848,547
131 100
4.089,185
2,903
5,704
4,C00
Philadelphia
$1,500,000
$5,137,000
1,000,000
2,000,000
810,000
800,000
500,000
250,000
250,000
Kensington
Penn
Wes ern
Manufacturers’....
Bank oi Commerce
Girard
Tradesmen’s;
Consolidation
City
Commonwealth....
Corn Exchange....
Union
Fiist
Third
Fourth
Sixth
Seventh
Eighth
Central
Bank of Republic..
Security
500,000
400,000
570,150
250,000
1,3 0,766
1,431,233
1,812 500
772,790
1,000,000
3,569,000
200.000
300,000
1,446,835
1,132,659
400,(XX)
1,256,851
3.925
1,869,100
316 442
596 300
50.0JO
740,000
817.600
110,400
2,881 ,(K)J
1.475.300
447.POO
Security...;
816.700
355.100
Union
Webster
5.725
573,917
238.100
4,600
360.00U
2,110
42,540
15,1355
98,709
137.400
873,814
503,-0J
1
2,612,913
2.249.300
1,188,370
I,495,150
877,8 7
820.000
-
242.538
3,345,400
5,293,795 j
II.948,900
961.286
20,756,384
307.100
1,123,90(1
673,550
1,9 5
418.100
239,769
193,256
192 ,.353
219.P00
3.899.700
47.300
7,406
10,853
1,0:35.684
19,452
646.244
11,812
260,250
677
5,100
1.149.400
1,319,100 2,943,700 16,400,900
214,000 1.873,000 10,540,000
269,000
1,311/00
C.148,000
319 000
785,000
Slit ,001
5.226.800
308,600
789,400
313,800
5,165,200
267,' 00
841,500
1,3' 0
5,758,9(0
897.600
59,‘>00
225,000
1,006.CCI
13,655
1'0,000
1,080,800
185,414
2,683,283
1.723,6(4
6,38i
5,819
552 336
3,254
1 541,000
1,024,200
1.884.800
272,"00
1.744,500
296," 33
250.000
484,8U*
560,130
229.529
49,225
447,000
1,017,016
394,552
896,917
120*000
1,171,862
222,349^225 CO,426^
Inc.
'PC.
Legal
Tenders.
the
Aggregate
Cleavings.
589„6S5.759
561.164,284
648,319,103
656/ 84,485
55,023,615
55,193.403
53,270,543
50.915,997
52,534,143
637
56,586.788
8
60,126,291
average
week preceding Mon¬
500,000
300,000
1,000,000
1,G39,000
300,000
200.000
150,(XX)
250.(00
275,000
7.70,000
43,000
3 300
663/XX)
8,869
3,(XX)
27,400
4 810
369,000
660,000
528,500
292,000
7.000
236.050
1,714
374.212
357,600
253,210
3,831.000
1,533,000
1,294,000
2,166,000
1,486,100
940,005
938,835
1,487,404
1,153,483
627,298
922,000
2,650,000
360,069
313,16)
471,247
267,343
5.035
32,000
212,200
228,701
172,155
692 000
61,000
1,079,000
242,100
961.100
240,000
120,000
172,000
217,000
1,079,989
354,000
9,00)
2*6:6
510,000
432,000
2,339
2,266,(XX)
401,000
462.000
13,000
20;0<X)
fi',800
15,(XX)
1,072,500
844.0 0
550 .(XX)
901,000
936,000
3 017,(XX)
853,000
619,000
472,150
986,157
883,800
899,135
953,277
1,510,000
1,518,(XX)
3,538,000
8,811
3,851.000
Deposits.Clrculat’n.
$3,697,000 $1.(XX),000
2,846,128
799,750
$1,490,000
1,236,487
1,429,000
5,905
1,398, (XX)
1,000,000
228,'000
L. Tender.
Sp cie.
$70,000
82,000
450,535
216,145
594,000
172,966
270,000
350,545
210,375
450.000
387,000
221,000
794,000
262,588
178,000
135,000
848 000
219,835
730,000
2,445,000
1,4-12,000
193,000
240,900
$15,983,150 $54,601,445 $356,543
$14,403,338
Increase.
Specie
Increase.
269 9-7
..
The annexed statement shows the condition of the Philadelphia
Banks for a series of weeks :
Date.
Loans.
Deposit. Circulation.
Specie. Legal Tender.
March 20
March 27
53,717,422
53,304,123
464,275
12,565,6 1
39,922,914
344 353
April 3..
April 10.
April 17
April 24............
May 1
54,040,616
53.972.340
54,018,154
369,651
12,234,214
11,977,547
38,584,876
38,667,490
39,257,723
41,413,064
41,671,067
43,024,711
Boston
54,391,498
54,661,445
Banks.—Below
3.>1.577
11,953/ 86
314,463
2-9,038
356,543
12,980,830
we
13,632,369
14,403,338
give
a
I ”,975,437
II 026,387
,
Capital.
$7dU,000
1,500,000
1,500,000
$1,527,064
2,611,690
3,634,181
BOJton
1,000,000
1,996,135
2,527
J
Soecie. L. T. Notes. Deposits. Circula
Banks.
Atlantic
Atlas
Blackston.e
Loans.
11,096,345
statement of the Boston
House, on Monday
National Banks, as returned to the Clearing
May 1, 1871:
11,074.159
11,070,834
11,066,475
11,068,964
$1,295
5,093
4 0-)
$139,492
ruir*
$464,747
184,950
1623,954
8.279
326,333
181,493
1,526,786
ogj:
754,452
$428,616
795,285
787,235
575,396
117.990
292,416
531,696
124.S33
454,4- 0
700,738
1.033,875
1*143.215
921,078
704,863
1,259,836
3.066,382
5.652.4*2
2,9' 5,461
101,324
713,5(15
*211,000
3,137,304
138 713
6
1,235.4 3
341.419
885 888
« 9,281
115,414
349,894
128,405
43,153
447.851
339.076
797/89
1,563,688
1.104,934
2.290,858
436,273
1,063,708
2,442,221
253,405
377,101
67,216
185,142
468,614
*
21,904
6.180
3,861,313
1,847,8*5
550,697
199,721
2,762
112,110
10,543
593,868
781,765
779,860
144,(32
849,061
592,762
790,500
793,617
1/66.179
278,120
n'.iii
719.930
178,251
662.792
944/76
781,633
1,653.243
1,962.9012
965 9S8
1,0:8/00
2,506
28,497
1,(XX),000
the returns of previous week
7's2,S69
420,000
127/CO
587.881
492,016
follows
are as
'
79,111 j Deposits
•
T,lf>
'
Dec
>,n*n
following are comparative totals for a series of weeks past:
Specie.
Loans.
111,706,825
111.149-,883
111,725,818
112.171/34
113 334,723
April 3
April 10
April 17
April 24
May 1
11:5.273.308
113.194,597
Legal Tender.
2,083/. 25
Deposits. Circulation.
47,068.225
24.791.721
46.249,159
24,731,418
12,362,082
12,906,442
1.929,801
2.063.757
12,862.403
12,203.275
12,052,487
2,223.798
2,(57,341
1.894,431
1,854,795
47,572,456
49 041,627
48,562,032
12 3! 8.458
24.787.P0 7
21,961.374
24.924.722
49 064 361
12,563,549
24 928.706
49,470,076
24.875,836
Quotations of New York Fire Iiiftiirance Stocks.
fCorrected by E
Bid. Askd.
60
Fulton
55
Adriatic
Americau
200
105
80
11 *
86
Aetna
Arctic
Astor
Beekmar
its
84
120
Brooklyn
Citizens’
City
Hanover
Home
Howard
105
,
102
Commerce.
1-7
250
94
Eagle
Empire City
180
10s>
.
125
105
110
....122
Columbia
Commercial
Continental
Grocers’
Germania
Guardian
187
200
135
Bowery
Gebhard
Globe
8.
Bid
.103
105
109
70
.115
84
100
.
Bailey.
.116
118
112
Irving
Askd.
..
86
102
117
120
115
120
149
132
74
*
.
96
185
103
100
133
Excelsior
97
Fireman’s
128
Fireman’s Trust 112
**
150
116
.
.
-
75
85
80
.165
.
United States.. .146
Yonkers & N Y.102
Sterling
Stuyvesant...
ii4
113
Manhattan..
Market
.
Security
Long Island....
Lor Hard
Bid. Askd
Mech.&Trad’rs .145
Mercantile
.101
1(3
Merchants’
.186
190
55
50
Metropolitan
Nassau
•
.175
115
National
.120
New AmsterdamK)8
iii)
N. Y. Equitable. 180
185
New York
.112
145
85
8)
Niagara...
North Aniericanll'2
104
North River... .111
Phenix
iii;
.115
Relief
107
105
Republic ....
....
International... .117
.Jefferson
.147
Knickerbocker. .130
72
Lafayette
Lamar
Lenox
.
.
150
103
SOUTHERN SECURITIES.
Tliese
Quotations are of the Less Active Securities
are
not Given on tlie Next Page.
City Sectirit es.
Alexandria 6s
Atlama, Ga,7s ... —
Augusta, Ga., 7s, bonds
Ch’leston, S. (L, 7s, F. L.
Columbia, S. C , 6s
Columbus,-1 7s, bonds
Fredricks burg 6 s
Bid
70
bds
bonds
Memphis 6s, endorsed
Memphis past due coupons..
Mobile, Ala., 5s, bonds —
8e,
"
...
.
Montgomery 8s
Macon 7s,
iNasbviliebs
Norlolk 6s
80
65
57
13
72
70
63
55
55
82
80J
65
Petersburg 6s
65
Richmond 6s
70
Wilmington,N. “C.,6s
“
Us-
5S
65
8s
75
82
70
GO
65
75
65
60
60
85
82
62
70
70
71
60
70
Railroad Securities.
“
“
1st. end
Income.
Montgomery and Euialla 1st
8s, gold bonds, endorsed by
State of Alabama
Mobile and Ohio. 2 mtg, 8s
Selma and Meridian 1st m. 8e
eh. &
“
80
67
65
85
69
68
, 1st M.,7e
Char!., Col. & Aug
“
76
3('
Sparten-burg and Union 7s,
guar’d by State S. C
61
stock...
*>
Savannah & Char. 1st M.,7s.. 65
North Eastern let mtg. 8s... 87
‘*
2d
8s... 70
“
Sd “
8s...
“
“
stock
Cheraw & Darlington 7s
dlue Ridge, 1st Mortgage
Tennessee.
East Tenn. <fc Virginia 6s,
Savannah, Albany.* Gulf 7s
bonds, end. by Savannah..
Pensacola & Georgia 1st m 7s
“
“
2dm “s.
88
85
....
35
30
98
92
90
£6
40
82
2ds6s
Sds 8s
4tbs8e
“
Orange & Alex. A Man.
Vh. & 1 CDL lsts 6S
“
2ds 6s
“
4th, 8s
35
....
81
45
15
Rich. &
**
lsts 8s,..,....
Southside, 1st mtg. 8s..-■...
Norfolk & Petersburg
ui
Cent. 1st m. Ss
**
“
2d
“ 8s
$ Tenn. 1st m.7s
82
75
81
no
85
78
82
90
88
80
9t
701
621
82
-
95
85
1 m 8t
7s
m.
671
8s
80
1st in 7s
2dm.6e
m. 8e
3d
“
78*».
Fre’ksb’g & Poto. 6s.
“
79
......
“2d
“
Itriana,
Miegies
k
-
“
78
79
85
76
84
f4
82
77
guart?d 6s..
3d m. 6s....
4th m. 8s
u
90
90
FanIsi cors’d 6s.
Pit/hroiit bra’b
**
90
78
931
4th,8s
fnrd.int.8s
2d in
88
76
87
76
78
82
SO
80
..
8de, 6s
“
“
6S
70
60
73
6s
2nds, 6s
“
Ricbm. & Petersb.
Mlstiisslppl and Lou*
lets
65
62
45
831
Virginia“Central lsts,
“
79
end
6s
“
95
60
..
Virginia.
Orange & Alex., lsts 6s,....
“
-
io
by State of Tenn
Memphis
and Ohio
10s
“
“
Georgia.
Southwestern Kit., 1st mtg
stock
Macon and Augusta bonds .
•*
“
endorsed.
Macon and Augusta stock...
Atlantic and Gull stock
L3j
“
“
71
91
Ruth.IstM.end 531
1st M., 8e...
South Carolina.
91
91
hie Aek
Nortli Carolina.
“
88
90
68
which
WLroington & Weldor 7s....
“
Lynchburg 6s
'
fpiotatione are
made by several of the principal dealers, though some
necessarily nominal.
Brices are
Montg’ry & West“P. 1st, 8s..
Increase.. 770,969
Increase..1,353/44
Increase
27,381
2,000 I Legal Tenders
Deposits
67,505 I Circulation
Increase.
Capital
Loans
20 812
1,099,349
1,212,660
1,500,000
800 003
$43,024,711 $11,096,345
71,584
219.216
825,(XXI
338/ 52
177.850
784,8 j
781,312
363,829
552,5(6
359,150
660.811
4,50 i,303
1,944,432
4,929
2,487,379
Alabama.
The deviations from last week’s returns are as follows:
42,874
48,169
8 ,2( 2
81,365
1,616,355
457/42
9X 0,447
Same report as last week.
Date.
M arch 20.
March 27
“
TotH
26! i,500
263,7' 9
697,106
200,000
577,000
135,000
„
4.174
136 6 9
46 916
23 596
444.571
349,165
407,777
241.514
5,746,825
61,217
482,196
Dec. 29,636 Circulation
Inc. 165,091 |
001,863
809,774 ,GC0
377
10,270
357,760
241,721
611,705
454,963
854,562
333, v* 0
145,261
25,611
1,309 719
Legal Tender Notes
0.662,6 .9
condition
1,354,242
1,113,321
146,143
102,690
Dec.
Clinton
$5,168,429
3,889,503
612,456
257/69
106.735
Loans
319,966
626
15,597,18931,461,929
Net received.
The
5«,1 5
1,191,044
,
145,997
31.651
34,574
4,326,707
3,141,624
The deviations from
336.400
91,129
75,274
8,062,7(4
706,452
2,205,308
2,179,6139
1.9.8,919
2,133,274
2,789,365
3,695 539
3,345,684
1,051,892
3,140,578
1,8:.9,10G
11,805
5,(48,887
83,12)
664,416
793.570
100,670
5(8,635
352,042
817.36)
63,429
23,207
8,814
27,792
13,195
210,237
436,787
174,560
304,307
098,012
964,955
205 000
4.022
1,819,346
895,218
1,000.(XX)
l,f.00,000
2,0(X),000
^ Specie
3,292,000
394,000
'
6,346
*
1,175
99,622
1,936
1,554.:3()5
2,442,686
1,718,0 8
1,957,253
1,406,097
<••>0,772
92,352
341,167
220,192
223,970
.$47,550,000. $113,194,597 $1,854,795 $12,563,549 $49,470,076 $24,875,530
Total.....
628,300
229,420
400,290
Legal Tenders.,
978 318
300,(XX)
1,000,000
1,000,000
506,350
Net Deposits
1,076,662
1,000,(XX)
1,500,0(X)
City
Eagle
203,200
56,889
C59.599
2,412.775
300,(XX)
2.000,000
1.0;;(),i00
Third
Bank of Commerce.
Bank of N. America
B’k of Redempilon.
Bank ol Repuol'C;..
87,900
of previous week are as follows:
4,105,071
5,! 14,000
2,3:6,000
2,394,000
2,437,000
1,4 1,200
1,61X) (XX)
40,414
39-1.699
Total net
Loans.
Second (Granite)...
Exchange
Hide & Leaiher
Revere
totals for a series of weeks past:
Capital.
1,000 000
5,576,551
1 459,005
2.400,623
20,415
Banks.
Mechanics’
Bank N. Liberties.
Southwark
2,561,102
1,317,871
First
1,850,000
day May 1,1871:
Commercial
2.512.900
1,289,376
4,'
12,552
61,400
750.(XX)
Washington
495,814
835,000
302,690
753,797
560,000
224.100
426,000
303,431
546,000
1,*820,166
-
17,30)
Philadelphia Banks.—The following is
of the Philadelphia National Banks for the
North America
Fanners and Mech.
134,860
643,195
8,1 o3
164
508,631
2,29 ,079
2,006.462
2,6'*7,5‘ 0
400 000
8,000, (XX)
200,(XX)
1 (XX),(XX)
1,(XX),000
900,000
1,000 000
1,000,(XX)
2,000,(XX)
1,500,000
600,000
2,000.000
New England
North
Old Boston
Shawmut
Shoe & Leaiher
State
Suffolk
Traders’
Tremont
2(
821,924
480,9 0
4,700
Specie. Circulation. Deposits.
230,945,643
31,605,215
22,663,745
225,774,302
19 617,007
81,583,398
222,138,095
31,575.789
17,915.692
2l5.793,fi57
31,503.901
15,512,186
214,'725,833
31,516,127
15,712,954
217.1U),796
31.4S8.401
13.970.s73
222,319,225
31,461,929
15,597,189
Loans.
March 18..
March 25..
62,340,742
1,026,311
Inc.
Tnc.
Dec.
3,300,226
951,000
1,186,669
The deviations from tlie returns
Loans.....*
Specie
Circulation
933,750
747,872
321,657
883,293
493,(00
290.358
Hamilton
Howard
Market
Massachusetts......
Maverick
Merchants’
Mount Vernon
610.854
„
2,211,718
1,110,667
5.107.700
6,584.702
5.656.600
1.360.300
1,006,4 m
85<>.494
70.233.900 237,554,538
Totals
Globe.;
402.200
64.300
471 S.8
511,954
»13-32b
00,000
Stuyvesant
2,267,860
558,333
;861,000
1.276.400
810,860
2,039 329
56,700
52,800
96,818
L} '■ »200
2,.»18,5;»9
1,634*367
Faneuil Hall
Freeman’s./.
608,840
.
1,443,487
200,000
1,000,000
1,000,000
200.000
1,000,000
C00.000
1,000.000
750,(XX)
1,(XX),000
800,000
600.000
Eliot
Everett
976.700
500,000
1 000,000
1.258.800
512. 00
192,382
554,923 1,584,772
131,687
38,649
Hm’X*9.
2u0,000
1,000,000
200,000
German American
Bull s Head
257,435
172,204
$773,100
1.450.100
1,88 ',800
1.750.300
253.600
195.700
2 924
168,513
153,816
L520.500
MjW.OUO
fi.UHl.hW
M37,liX
5.412100
250,000
Bowery National
New York County
214,545
487,958
7b,261
91,409
1*039,106
2*j99*0'1
2.968.2W
2,.l.,(XiO
3,826.WM)
2,64.),4(K)
4*120..31
2,363,200
1»|_>36>410
1.W.240
*1C«.072
11,725,300
17,78,1,779
L<;>‘.609
™>*‘39
L208*f23
1,043,455
L4j>3,H0(J
400,000
1.000.000
1,000.000
1,000.000
1,500,000
1,000.000
2,000.000
750.000
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather
Corn Exchange....
445.548
490,421 4,159,775
88,000 9 *0,000
500.000 1,978,CXK»
4,000.000 10,288,659
Irving......
Continental
Tenders.
3,921,624
1,805,429
1,684,952
3
26,744
163,142
53,000
9,700
507.400
~*8 5.61 <
2,.-.02,3(6
1,000,000
1,000,000
Hanover
762,621
69,776
390,084
1.323,00.>
2,000,000
Commerce
758,354
132.293
149,245
&*5,145
5,512.517
1,000,000
City
Broadway
Columbian
Continental
Legal
Net
Circula
Mon.
Deposits
Capital Discounts. Specle.
f3,000,000 $1?,688,100 $2,026,700 $834,000 $11,387,<00
3.354.900
232.900
9,800
2,050,000 5,657,900
3,000,000 0,385.700 1,204,009 887,900 4.428.700
4.112.800
325,000 532,606
2,000,000 5.447.90J
481,000
2.543.600
230.900
1,500,000 4,544,100
1,415
6,96C,617
927,93*
3,000,000 8,320,773
416,033 503,340 2,832,873
1,800,^00 4,071,532
Banes,
New York
Manhattan
Merchants’...
Mechanics....;..
Bovlston
AMOUNT OF-
-AVSBAOS
Loans and
fMny 6, ljjfi,
couv
7f
I
».
,| c 1**
56!
CHRONICLE.
THE
1871.1
May 6,
GENERAL QUOTATIONS OF STOCKS AND BONDS.
Active
Whatever tlie Par may be.
Cent Value,
New
York Prices.
ATsf governments:*
(Not previously
63,1881, rep...
5-209,
5-308,
«s
6s
!in%!
111
quoted.)
ii6%!ii7%!
(1862) rep
(1361) rep
Southern Securities are Quoted In a Separate hist.
;BId. Ask.'
SECURITIES.
STOCKS AND
SECURITIES.
STOCKS AND
RAILROAD BONDS.
Great Western, 2d M. 1893....
58,
I03*feT 109
W^^g-BoSSs.'
••••••;
bonds.......
registered old...
1866.
new
do
do
do
do
do
do
7’-%
5C
56%
68 %
Virginia6s, old
do
do
do
do
67%
67%
69%
72%
67%
67%
Boston.
CIn., San. A Clev.,lstM., 7, ’77.
Eastern Mass., conv., 6, 1874...
Hartford A Erie, 1st M. (old) 7.
IstM. (new) 7.
do
do
Old Col. & Newport Bds, 6, ’76
do
do
101
:
Bonds,
7, 1877.
Morris A Essex, 1st Mort
[101
>•
new,
71
do
do
2d Mort
j, 97% 91% Rutland, no
Verm’t Cen.,lst M., cons.,7,’86
Cleve. A Tol. Sinking Fund .. *02%
do
2d Mort., 7,1891
j
New Jersey Central, 2d Mort.!, — [ ...
Vermont & Can., new, 8
do
do
new bds. »01%!102
Vermont A Mass., 1st M.,6, ’83.
Pitts., Ft. W.& Chic., 1st M.... 104 1 ..
83%, 81
Quincv & Tol., 1st M.. 1890.... ! 31 j 82%,
1 82
I 8>
111..A So. Iowa, 1st Mort
Galena A Chicago Ex ended . ioo%;:o2%
94k
Galena A Chicago. 2d Mort.
Chic. R. Island A Pacific
|f02%
85
Georgia 6s............—
do
do
do
90
7s, new bonds...
7s, endorsed
7s, Gold.... ......
-
-
91%
North Carolina 6s, old...
do
do Funding Act, 1806
do
do 1868
do
do new bonds,
do
do Special Tax
South Carolina is.......
do
new bonds....
do
do
April A Oct..
do
Missouri 6s
•.•••••,
Han. & St. Joseph
do
• • • • •
Louisiana 6s
do
do
do
new
bonds
6s, new floating debt.
6s, levee bonds
8s
do
do
13*5..
8s
7s, Penitentiary..
do
do
do
California 7s
•—
bonds
Is large
do
49
4?
36
29
25
40
31
25%
18%
19
71
79
61
59
m
93 %
92%
Alabama 6s
do
8s
8s Itailroad bonds...
do
Arkansas 6s, funded
do
7s, L. 14. A Ft. S. iss.
93
70
65
35"
87
85
89
74
l'r2
70
102
7s, Memphis & L. It.,
7s, L.R..P.B.& N.O.
7s, Miss. One. A IiR .
105
.
100
100
160
100
‘
108% 109
0j%|
....
108
100%
0%
100% 102%
i
94
94%
do
Wat r 6s.....
hi”
Park 6s
do
100
do
do 7s
do
3year Assessment 7s 100
98
New York 6 per cent,
’75..
98
do
do
B do
’76..
95
do
do
do
’78..
98
do
do
do
’87..
102%
do
7’s
RAILROAD BONDS.
92
N. Y. Central 6s, 18S3
do
6s, 1887
89*
do
6s, real estate.,
89
do
6s, subscription
do
7s. 1876
102*
do
7s, conv. 1876...
101
do
7s, 1865-76
96
itrie 1st Mortgage Extended.
do 1st Endorsed
S3
6o 7s, 2d do
1879
do 7s, 3d do
86%
1883
83
do 7s, 4th do
1880
do 7s, 5t,h do
81%
1888
90
Buff. N. Y. & E. 1st M., 1877...
Hud. R. 7s, 2d M. S. F. 1885.... 101%
95
ioi%
io6‘
100
.00
1‘%J
104
93
94%
95
.
7s, 3d Mort., 1875
Harlem, 1st Mortgage
do
Con. M’ge A S’kg F’d
Albany & SusqlPa, 1st b mds.
do
do
.
16*1*
83
Income 10s...
91%
9i%
.
..
J noiiCentra1
7 P- ct., 1875...
Alton
&T.H., 1st M
do
do
Phin
Chic.
pref
2<1 M.S.BlCOIDC.
JLVT^SrT
&
N. Western
do
Fund...
86%
75
99
0°
Int. Bonds
Consol bds
Extn. Bds
90
88
do.
do
1st Mort.
96%
Han. & st. Jo. Land Grants..
do
do
,
convertible....
Lack.
& Western
Bonds
Bel Laek. A
Tn,
101.
’
82
104
98
do
do
do
0°
rr
2d M.
?
Western, 1st M
m
do
do
„
0°
91%
100
100%
90
81%
8-“%
99**
87
76
99%
94
92
104% 104%
99%
Mort. ext’d
1st m St L div.
2d Mort
Equip. Bds...
79
do
2d M.
95
85%
S3
do
101%
99%
9o%
93% 94%
86% 86%
S9
89%
AWab’h, 1st
1st
93
157%
do
do
1%
Baltimore A Ohio stock
152%
Parkersburg Branch
156
23%
99%
[Connecticut A Passnmpslc, pi./ 90
i'Fitchburg
/Indianapolis, Cin. A
Lafayette! 6% *6%
'135 j
i ....!
....
.
.
Tol., Peoria & Warsaw. E, D..
do
do
W. D..
do
do
2dM..
•
37% I
73% !
73
99
20
fctf
95
100
I
do
do
do
4
do
do
Sd M.,7,’88..
do To’do dep. bds, 7, ’81 -’0-1.
Dayton &■ West., 1st. M.,7,1905.
do
do
1st M.,6, 1905.
Ind., Cin.4fel.af., 1st M.,7
1C3
96
Cs,
’
97
do
Alleghany County, 5
92
do
do
6s, ’85
Belvidere Delaware, 1st M., 6.
do
do
2d M., 6.
do
do
9(1 M.,0.
Camden & Amboy, 6 of ’75
do
do
G of ’83
do
do
6 of’89
do
consol., C of’89..
Cam. & Bur. 4& Co., 1st M., 6...
89
60*
35% |
65
Catawissa, 1st M., 4
Elm. & Wil’ms, 5s
do
do
7s, 1880
Hunt. & Broad Ton, 1st M. 7...
90
85%
93%
NEW. OR RECENT LOANS.
IT. S New Loan, 5s, golil
Bur. C. It. A M. RR. 1st M,7(g<1)
Cues. A Ohio RIt, istM.,6,(gd)
Conn. Western. 1-t mort. 7s...
G. K. A lnd, 1 M guar,7s, gold.
Water extern 7s
M.,7,’75...
! do
Cons. M., 7, ’95.
do
(June., Pliila ,1st M., guar.6, ’82.
Lehigh Valley, 1st M., 0,1373..
100
90
90
90
do
do
2(1
16
94
93
79%'
85
85
96
93%j
....
....
93 w 9 lx
e
95
60
;,^l.
j
!
99% j
40
86
97
to
do 2d M.,7,1873
do
do
do 1st M.,7, 1906....
Louisv. ('.
Lex., 1st M.. 7. ’97..
Louis. & Fr’k., 1st M.. C, ’10-’18..
do
Louisv. Loan,6.’81.
\j. A Nash. 1st M. (ui.s..) 7. ’77..
do Lor. Lom (m. s.u;, ’8C-’87
(Leb. Br.) 6,’86
do
do
do IstM. (Mem Br) 7. ’70-’75.
do 1 stM. (L(‘b.1 :r.e x)7, ’80-’85
do Lou. L’n(Leb.ltr.ex)6, ’93
do Consol. 1st A!.. 7, 1898....
'
Jefferson., Mad. A Ind. stock..
I
•
85
91
103
90
8S
92
75
; 9:
78
93
87
98
92
86
96
81
V8
83
60
92
91
88
83
62
64
87
77
68
81
60
89
84
83
85
89
79
70
82
65
34%
93
101%
35
K 8%
108
special tax Cs of ’89.
Jeff., Mad. & T.lstM.(I&M)7, ’8!
36
!
93
•
j....
30
Water Cs, ’87 to ’89..
AVater Slock 6s, ’97.
Wharf Cs
do
do
do
do
.
91V
!40
HI
’.35
•
new
...
98
•
16*
(
102% iAqU: IColumbus
Xenia stock..,
103
1
Dayton &, Michigan stock.,
Pittsburg Compromise 4%s. .. 55
Little Miami stock..,
••>>4
do
do
5s
Loiiisiille,
85
Funded Debt 6s
do
Louisville Cs, ’82 to ’87.
7s...
do
do
fs. ’97 to’98.
do
do
94
95
96
YikT'L0’?}^77
’0?%1 U'S* ; [Little Miami,1st
Cin*T*&]iiHLM^oi’./vl8
83%
6s,
92
Cs:’77-’82
^n, 109 1110
}*'» in, Ham. & Dayton
M., 6,1883
stock..
107
Stock Loan,
do
'
Philadelphia 6s, old
85*
93%
*0
93%
94%
102
7-8('s
Covington A Cin. Bridge
Cin Ham. A D.t 1st M., 7, 80...
do
do
2d M.,7, ’85...
3d M., 8,77...
do
do
Cin. A Indiana, 1st M., 7
2d M.. 7,1877..
do
do
Colnm., A A'cnia, 1st M.. 7, ’90.
Davton & Mich., 1st M.,7, ’81..
do
2d M.,7,’81..
do
46,%
Summit Branch
Vermont A Canada
Vermont A Massachusetts..
Philadelphia.
(Pennsylvania 5s, 1877....
90
h7*‘
.
'
94%
Marietta A Cin., 1st Mo> t.
Chic. & Milwaukee 1st Mort... 93
106
112
Joliet & Chicago, 1st Mort
Chic. & Gt Eastern, 1st Mort..
6.6
ij 86%
Col.. Chic. A lnd., 1st Mort
69% 74
(lo
do
2d Mort
fs
.
[Northern of New Hampshire. Jli6 [117
Ogdens. & L.Champlain
...J 90 j 90%
do
do
I
pref,
Old Colony & Newport
;li 2%‘102%,
1181% 185
Port., Saco A Portsmouth.,
i Rutland
39%I 40
S8%! 68%'
95* * 1 do preferred
,
ir
87%
83
‘S
Ham. Co.. Ohio6 p. c. ong bds.
7 p.e.,1 to5yrs.
do
do
139
/Manchester A Lawrence
Nashua A Lowell
..
125
.124%
(Mass.)
do
do
95* *
c2
preferred
Cincinnati.
Cincinnati 5s
do
58
91%
8.1%
29% i
Central Ohio
24*
IConnccticut River
!Eastern
M., unend., 6, ’90
2d M., endorsed, 6, '90.
1st
95%
81%
to
15
8)
80
81
79
#9
1 1
18
T
•«
95
94
96
98
81%
«%!
85%
86
95
80
so
32%
8<%
tl%
1 8S
H 96
81
j 81
!
91% 92%
89
77
89
42
) 90
1 78
69
91
88
85
80
83
fO
G3
57
56
83
90
86
50
45
Louisv., Cin. A Lex., pref
45
42
do
do 1st (new) M.,G,’iK 96%j
do
do
common.
I Little Schuylkill.lstM.,7,1877. 99 ,111(1 1 Louisville
19
79%
& Nashville
1
North Pennsvl., 1st M., 6,1880.. 99%! ,...!
St. LouSft.
90 !
do
Chattel M., 10,1887. uo j ....;
86
Louisv. ANash. R, 1st M,cons.,7
SI Louis 6s
2d Mortgage.7
do
97%
98 % 10)
1 93% xc
Lake Shore Consolidated, 7
Jo
Water Cs, 'Old
%
1
1
100
;
do
Funding
Scrip,
7...
Montclair RR of N. J. 7s. gold
96% i 98
do
new
100
Oil Creek & Alleg. R.,lst M., 7.
66
Northern Pacific RR, 7-3u gold
do
Water
A
Wharf
6s.%.
100 1 Pennsylvania, 1st M.,6,1 80... 103
95
88
N.Y' A Osw.Mid.R.lstM.I(gd)
do
Park
Gs
l
UK)
9%
(lo
2d M., 6,1875....
90
Peoria, Pekin <fc .Jacks, 1 M, 7s
Park Gs gold
do
93
91
do
Debentures, G,’69-’71
86
Port Huron A Lake Mich end.. 37%
Sewer Special Tax 6s
do
22
Phlla. (fcErie.lst M. tgold) 6, ’81 91% 92
20
do
do
common
North Missouri, 3d M.,7,18S8..
90’
; 1<*6* *
do
1st M. (cur.) 6, ’81 90
37%
86
Wallkill Valley, 1st M., gold 7s.
Kansas Pacificist M., (gold) 7.
101'
'00
S’’nbrr? & Erie 7s
I 9J
10% 82
St. Louis & Iron Mt. 1st m.,gd,7
do
lstM.(gold)
6,
’95
102
81
Pliila. & Sunbury 7s, 1372
80
co
1st M. (gold) G, 1896..
18
Philadelphia & Reading, 6, ’70.
RAILROAD STOCKS.
do
1st M.(Leav.Br.)7.’96 76%
IO?"
do
*
do
6,
’71.
81%
(Not previously quoted.)
Land Gr. M.,7, 1381. 80%
do
96% 98
do
do
91
6, ’80
Albany A Susquehanna
do
do
187G.
do
106
H9
28* *
do
do
6,
118
*36.
26%
Chicago A Alton
Ine. Bonds.7, No. 1G.
do
40
do
Debentures, 6. SO
38
do
do
preferred... 118% 12<)%
do
11
do
No.
105
101
153
do
do
158
7, ’93.
15% !«
Chic. Bur A Quincy
do
do
stock
SG%
Phil., Wilm.&Bnl., 1st M.,6, ’84
8>
Cin., Ham. & Dayton
Pacific
Denver
RR
A
Tel
7s.
96**
3
2
Clev., Col., Cin. A Iudianap .. 89% 89%: Westell. & PhiL,1st M., conv, 7. 94
North
Missouri
stock
81
do
do
2d M., 6,1878...
23
80
Col. Chic. A lnd. Central
Pacific
(of
Missouri)
6tock....
West Jersey, C, 18S3
82%
84
Dubuque A Sioux City
43% i Wilming. & Read.,1st M.,7,1900 93
43
Erie Railway preferred
....
95
97
Leading Southern
170
Chesa.«
|
163
Delaw.,
1st
M„
6.
’86..
Hartford A N. Ilaven
95
Securities.
Ddaware Div., 1st M., 6. *78 ...
Long Island
83*
30 i Lehigh Navigation, 6, ’73
85
80
Marietta & Cin., 1st preferred
Atlanta bonds, 3s
82
84*
10 1
do
Loan of 1884, 6, ’84
50
9
45
do
do
2d pref.
Charleston stock 6s
90
Loan
of
do
85
93% 1
1897,6, *97
93
83
Morris A Essex
Savannah 7s, oid
127
90%
90%
do
Gold
Loan
84
of’97,6,’97
1
125%
82
New Jersey
do
7s, new
do Convert, of 1877, 6, *77 86% 87 !
59
56
New Y'ork A Harlem
132% 132%
Memphis
old
bonds,
6s
90
50
Morris, 1st M., 6,1876
55
New York & Harlem, pref.....
new bonds, 6s
do
80
do
Boat Loan, S. F.. 7, ’85
60
149%
55
New Y%>rk & New Haven
vobileos
77
138*’
78%
&5
Schuylkill Nav., 1st M., 6,1872.
82
do
do
scrip. 135
do ' 8s
78 j
77%
do
2d
do
56
94
M.,
6,1882..
New York, Prov. A Boston
54
8G
80
1 New Orleans 5s
do
do
75
Improv.,
6,1870..
74
Norwich A Worchester
consol. 6s,
do
do
Camden & Amboy stock
125% 126 i
78
70
Ohio & Mississippi, preferred. 83%
do
do
bonds,
7s,
40
!
38
Catawissa stock
IOC
97
Rensselaer A Saratoga
do
10s
do
96
do
I
92%;
M.,i8S8..*.
91
srj
.
88*’|
....
.
do
do
do Cons, (gold) 6, 1900
Pitts. A Connellsv., 1st M.,7, ’98
do
do
1st M., 6,1889
West Md.lstM., endorsed, 6, *50
86
95
61
....
n
89*
88
Mich. Cent., 1st M. 8s, 1882.... 118“
Chic., Bur. & Q. 8 p. c. 1st M.. 113
Mich. So. 7 per ct. 2d Mort....
96
Mich. S. & n I. S. F. 7 p. c..., 100
Pacific R. 7s, guart’d by Mo..
99
Central Pacific Bonds
100%
Union Pacific 1st Bonds
89%
do
81
Land Grants, 7s
n,.
86%i 87
44%
44
81%
.
Brooklyn 6s
2d
3d
87
••••
Ask
>*6%jS7x*C
107%
107%
CITY BONDS.
do
do
27%
141
;Boston & Maine
do
do
1st Mortgage...'1"3 : —
do
do
Income
;..| 92%! —
Ohio & Miss., 1st Mortgage
bo ; —
do
Consolidated.... 95% 95?;
Dub. A Sioux C., 1st Mort
98
95
Peninsula RR Bonds
91
94
St. L. & Iron Mountain 1st M.
92%
167
3s..
106
mt juuit.
97%
do
do
7 3-10
do
1st Mort.,
>95% 96
do
do
84
9J
do
1. A M. d
do
90
37
do
do
2d M
Am. Dock A Im. Co.
99%
Central Ohio. 1st M..6
Marietta A Cin., 1st M„ 7,1891
do
do
2d M., 7,1896.
Northern Cent., 1st M. (guar) 6
do
do 2dM., S. F.,6,’85.
do
do 3d M., S. F.,6,1906
do
do 3d M. i Y. A C) 6,’77
...
1
Boston A Lowell stock
—
I
..
do
....
Bid.1
SECURITIES
Baltimore.
84
83%
99
.
Albany stock...
Boston, Hartford A Erie.
STOCKS AND
.
MISCELLANEOUS BONDS.
7, ’86.
Long Deck Bonds
W Union Tele. lstM.,7 1315.
-
.
«...
99%j .. j Boston A Providence
(96 j 98 Cheshire preferred
jC:r.., Sandusky A Clev. stock.
j 85
....
Fund.. | 99 j 100 j Concord
2d Mort
3d Mort
4th Mort
do
do
skg fund.
Morris A E-sex, convertible...
do
do
construction.
North Missouri, 1st Mortgage.
do
do
2d Mortgage.
Jefferson RIi, 1st Mort. bonds.
100
Michigan 6s, 1878
do
Cs, 1878
do
6s, 1883
do
7s,1878.....
.-.
New York 7s, Bounty, reg..
uo
7s,
do
con
do
6s, Canal, 1372
do
6s,1873
do
6s, 1374
do
6s, 1875
do
Cs,1877
do
6s, 1878
do
5s,1874
do
5s, 1315
do
5s, 1376
do
do
do
do
!Detroit, Monroe A Tol bonds.
Lake Shore Div. bonds
104
Cleve. A Tol., n-w bonds
Cleve., P’ville & Ash., new bds.
do
do
old bds.
Buffalo A Erie, new bonds ...
Oi
61% St. L. Jacksonville & Chic, 1st
60
South Side itailroad bonds
110%
do
6s coupon,’77
1870.....
do
do
do
War Loan
Indiana Cs, War Loan
do
5s,
do
do
do
do
do
t
Boston A
Pitts., Consol, S. F’d.! 91 %| 92
A N. Haven Cs......
Boston, II. A Erie guaranteed
Cedar Falls A Minn., 1st M
104%
Kentucky 6s
llinois Canal Bonds, 1870
rr
Cleve. A
New York
110%
-
1875
1881
1886...
94%
62%
ioi%
Connecticut 6s.
Rhode Island 6s
do
do
*
do
Oilio Cs,
do 6s,
do 6s,
do
2d Mort.! 99
do
3d Mort. 94%
do 8 p. c. eq’t bds 100%!
do
do
do
Chic. A APon Sinking
1807..
Bid. Ask.
SECURITIES.
STOCKS AND
nu 1 lanu |
03, 104*,
tlie Per
Previous Page are not Repeated lierc. Quotations arc made of
Stocks and Bonds given on a
preferred stock
60
30% 30% Elmira & Williamsport
00
55
iElmira & Williamsport pref.. 86
124
60% 'Lehigh Valley
60
90
80
jLlttle Schuylkill
[Mine Hill & Schuylkill Haven. 105
16
[Northern Central
MISCELLANEOUS STOCKS.
93%
51
52%
American Coal
Oil Creek & AHegheny River 106%
39
38
Consolidated Coal
121%
34
Pennsylvania
Cumberland Coal
56%
30
32% Philadelphia Eric
Maryland Coa!
121
Philadelphia
218
& Trenton
Pennsylvania Coal —
50
Phila., German. & Norristown 170
Spring Mountain Coal
Pliila., Wilming. & Baltimore. 106
Wilkesbarre Coal
120
West Jersey
82%
Canton Co
121
119
Chesapeake & Dela. Canal....
Delaware & Hudson Canal
Delaware Division Canal..... 90**
Atlantic Mail Steaxmbip
7
Lehigh Coal and Navigation.. 79
6%
Mariposa Gold
50
Morris (consolidated)
20
30
do
Trustees Certif
do
116%
preferred
16% 17
Quicksilver preferred
2% Schuylkill Navigat’n (consol). 17%
Wells Fargo scrip
do
do
40
pref. 36%
BostonWater Power
Susquehanna & Tide-Water... 12
Boston.
99% 100% West Jersey 7s, Jan. & July... 100%
Maine 6s
Baltimore.
New Hampshire, 6s
Maryland 6s, Jan., A., J. & O.. 96%
Vermont cs
do
104%'
6s, Delence
Massachusetts6s, Currency...
97
Baltimore 6s of’75
do
6s, Gold
do
96%
18^4
98
do
5s, Gold
do
95%
68,1900
101% 102
Boston 6s
do
98
1S90, Park Cs
do
5s, gold
i-5*‘
Baltimore & Ohio 6s of *75
09% IDO
Chicago Sewerage 7s
do
do
6s ol *80
100
do
Municipal 7s
Rome, Watertown
A Ogdens..
Alton A T. Haute...
do
do
pref.
St. Louis A Iron Mountain—
Toledo. Wab A Western, pref.
St. Louis,
...
...
..
.
Portland 6s
Burlington & Mo. L. G., 7
91% Cheshire, 6
95
97
do
do
94**
95
do
do
6s of *85
(N. W. Va.) 2d M. 6s
M. 6s
93%
96%
Wj%
62 l
RAILROADS.
Alex. Rlt 1st M. 6s..
90
: Orange
A
124%,
do
do
3dM. 88..
90% Va. A Tenn., 1st M. Gs
106
86%
94
107
5xd
57
173* ‘
108
124
80
lis*
18
4tli Mort. 8s
do
Charieston A Saw 6s, guar....
7s
do
do
GreenvHle A Col. 7s, guar
do
do
78, certif..
Northeastern 1st M. 8s
South Carolina 6s (new)
do 7s (new*)
do
do
do
stock
Georgia Bonds, 7s
66
72
37
95
99
96
do
stock
Central Georgia, 1st Mort. 7b.
119
do
do
stock
Macon A Brunswick end. 7s... 74
105
Macon A AVestern stock
Atlantic A Gulf 7s consol....
79%
.
36%:, Montgm’y A West. P.IstM.8s. 89
88
Mobile A Ohio sterling
98
do
do
do
ex cifs.
do
do
8s, interest....
do
do
stock
N. Orleans A Jacks., 1st M. 8s.
do
do
cert’s, 8s.
N. Orleans A Opcdons,IstM.8s
Miss. Central, 1st M. 7«.
Miss. A Tenn., 1st M 7s
East Tenn. A Georgia Ge
95% Memphis A Charleston, 1st 7s..
95
do
do
do
do
2d 7s..
stock.
Memphis A Little R. IstM,..,
78
79
SO
87
83
85*
61
fG
60
57
90
68
73
40
97
1 2
98
120
16
U0
81
89*
80
81
35
90
86
8t»" E5*'
.<■(>
If.
85
77
85
82
*3
87
80
75
73% 38
[May 29, 1871.
CHRONICLE.
THE
562
Fifty-one miles of road, never ballasted hitherto, were ballasted
eighteen miles re ballasted. Five construction trains were
run, and a great improvement effected in the surface of the road"
tar EXPLANATION OF THE STOCK AND BOND TABLES' bed, while a large amount of ditching was also accomplished.
1
Prices of the Active Stocks and Bonds are given In the
Fifty-five thousand three hundred and one dollars and forty,
Bankers’ Gazette ” ante; quotations of other securities will be found on the pre¬
eight cents were expended in repairing and renewing bridges.
ceding page.
A new iron bridge one hundred and sixty feet in length, was
2. Bank and Insurance Stocks, mining, Petroleum, City
built over the canal at Chillicothe. A superior iron bridge of two
Railroad and Gas Stocks, and Southern Securities of those
spans, each one hundred and twenty-six feet in length, at Lee’s
kinds which are least active, are all qmted either regularly or occasionally at
the end of “Bankeri’ Gazette,” on a previous page.
Creek, and one at Sycamore Creek of one hundred and twenty-two
3. The Table of Railroad, Canal and Other Stocks,
feet, with substantial masonry at bo.h points, were nearly com¬
on the next
page, comprises all Companies of which the stock is sold in any of the
pleted at 'the close of the year, and will ho ready for use in
principal cities (except merely local corporations). The figures just after the name
January, 1871. The amount expended on these valuable, perma¬
of the company indicate the No. of the CHRONICLE in which a report ol the Com¬
nent improvements was $64,934 54.
pany was last published. A star (*) indicates leased roads; in the dividend column
x—extra; s—stack or scrip.
Ten locomotives, costing $116,682 54, were purchased and paid
®he R
a
i 11»
cut
Monitor.
and
•
“
Other Ronds
in each number. In
these pages the bonds of Companies which have been consolidated are frequently
The date given in brackets
given under the name of Consolidated Corporation.
immediately alter the name of each Company, indicates the time at which the state¬
4. The Tables of Railroad, Canal and
oocupy in all, four pages, two of which will be published
ment of its finances was made.
In the “Interest Column” the abbreviations are as
follows : J. & ,r.=January and July ; F. <fc A-=February and August; M. & S.=
March and September; A.
O. April and October; M. & N.=May a^d Novem¬
ber; J. tc D.=June and December
Q —J.=Quarterly, beginning with January:
Q.—F.=Quarterly, beginning with Februar3\ Q.—M.=Quarterly, beginning with
March.
5. Tli© Table of State
Securities will he published monthly, on
Saturday of the month.
6. Tlie Table of City Ronds will be published on the third Saturday
the last
of eaeh month.
The abbreviations used in this table are the same as those in tbe
tables of railroad bonds mentioned above. The Sinking Fund or assets held bv
each city are given on the same line with the name
Marietta and Cincinnati
road for the years
Railroad,—The earnings of this
ending Dec. 31,1869 and 1870,
Through passengers
Local passengers
Through freight
Local
Mail
freight
Express
Expenses, viz:
Bridge department
Machinery department
Transportation department
Mileage of cars
Telegraph
General
Net
expenses
earnings
follows:
1870.
$43,041 11
340.271 92
247,402 74
$74,072 38
6 2,199 52
23,737 44
38,454 09
647.693 83
23,737 4 4
37,359 91
6,235 83
6,191 25
$1,391,345 65
$1,420,345 55
$394,019 62
97,057 57
380,302 60
$431,787 69
Telegraph
Road department
were as
1869.
240.403 08
31,758 41
13,'.<71 29
86,151 76
$1,243,664 33
$147,681 32
346,706 95
28-4,583 79
94,994 72
439.765 93
238,357
40,3t>8
18,763
78,088
37
90
17
49
$1,342,156 27
$78,189 28
Compared with the previous year the gross earnings show au
increase of $28,999 90, with an increase in expenses of $98,491 94,
making a decrease in the net earnings of $69,492 04. The ratio
of working expenses is 94£ per cent., an increase, compared with
the previous year, of 5-£- per cent.
The President in his report says :
The increase in through freight traffic of $37,181 05, being
fifteen per cent., is very gratifying.
The stockholders of the Ohio and Mississippi company, at the
annual meeting in October, authorized the Board of Directors to
change the guage of the road to 4 feet 9 inches, which will con¬
form to the Marietta and Cincinnati track.
It is believed that the
consummation of this plan, by which cars can be transported
between St. Louis and Louisville and the Seaboard via Parkers¬
burg without change will result in
a very great increase of through
business.
The distance from Cincinnati to Baltimore is 589 miles, or 240
miles less than the average distance from Cincinnati to New York,
by the New York Central, Erie and Pennsylvania roads.
From
St. Louis to Baltimore via Cincinnati and Parkersburg the dis¬
tance is 929 miles, or 210 miles less than the average distance from
St. Louis by the same roads to New York. These advantages,
affording by the
same parallel, the shortest and cheapest as well
the most direct route to the seaboard, will certainly develop an
immense traffic between those Western regions and Baltimore,
which will prove a source of great profit to the Baltimore and
as
Ohio, and the Ohio and Mississippi as well as the Marietta and
Cincinnati Company.
An improvement in the freight business to and from the
Indianapolis, Cincinnati and Lafayette road is noted.
The Columbus and Ilocking Valley road was completed to
Athens in July. A considerable traffic, principally in * iron from
the Marietta and Cincinnati read, and coal from Nelsonville on the
Hocking road has been established. A through passenger car
runs daily between Portsmouth and
Columbus, furnishing facili¬
ties, leng needed, for easy communication between Southern Ohio
and the capital of the State.
The increase in equipment, made in the autumn, enabled the
company to earn during thelast quarter of the year larger receipts
than for any similar period.
In the expenses are included many items properly belonging to
“Extraordinary Renewals” or “Construction,” which, on account
of the difficulty of accurate adjustment in the incomplete condition
of the road, have been charged to “repairs.”
The policy which had governed the Board for two years pre¬
viously, of placing the road in superior order as rapidly as the
company’s resources would permit, was continued in 1870.
The following statements will indicate the large amount ex¬
pended in improving the condition of tlie road and adding to its
equipment and facilities.
Four thousand six hundred and two tons, or nearly fifty miles
of
new
rails were laid.
hundred and
One
twenty-six thousand
eighty-two cross-ties were used.
seven
hundred and
for.
106 box, 50 coal, 25
‘
-
•
flat and 25 stock cars, costing $135,167 82,
were in part built at the company’s shops at Zaleski, and in
part
purchased.
Three passenger cars
and three baggage cars
were
built
at
an
aggregate cost of $23,073 68.
About one and one-fourtli miles of sidings were added.
A new station house was commenced at Chilicothe, and $11,931 69 expended on this account.
A new station at Loveland waB
commenced. These buildings will be completed in March next.
A new machine shop was built at Chillicothe at a cost of $16,.
313 63, and $18,152 86 expended for new and improved machinery.
About 121 miles of new fencing were added.
The Ferris’ Branch was completed at a cost of $18,863 67.
$160,840 73
more
was
advanced in cash to the Cincinnati and Balti¬
road.
FINANCES.
The stockholders having approved the recommendation of the
board in regard to a third mortgage for three millions of dollars,
the bonds hearing eight per cent- interest were placed upon the
market on July 1st. and two millions sold at seventy per cent, net,
realizing a much higher late than the average obtained for the
second mortgage bonds.
Upon the commencement of tbe war in Europe, the bond market
at borne and abroad became greatly depressed, and it was found to
be impossible to dispose of the million remaining without sacrifice.
The Board, therefore, continued to carry a considerable floating
debt, which by the assistance of the Baltimore and Ohio Company,
it was able to do upon fair terms.
It is hoped that, ~by the sale of these bonds at improved rates,
and of the real estate belonging to the company not required for
Railroad purposes, the floating debt can be kept within reasonable
limits.
By the former reports of this company, the amount of outstandiug or issued capital stock and scrip of all classes appeared to be
$14,620,865 92. Of this, 7,000 shares, equal to $350,000, were held
in trust for the company to meet certain contingencies which have
not arisen ; and the occasion for the use of said stock having
passed, the Board of Directors have ordered "tlie certificates for
said*stock to be canceled and a corresponding reduction in the
amount of capital stock to be made.
It also appeared, on examination of the books, that $306,887 41
of the common or deferred stock of this company had not, in fact,
been issued to parties entitled thereto, but remained with the
The Board, therefore,
company, to be issued when called for.
ordered the correction of the capital stock account so as to show
the true amount of outstanding stock, which is $13,903,978 51,
and it so appears in the General Balance Sheet published herewith.
BRIDGE AT PARKERSBURG.
It is with great gratification the Board announces the comple¬
tion by the Baltimore and Ohio Company, at the close of the year,
of the great iron bridge at Parkersburg.
This splendid structure,
one mile and 1,762 feet in length, including the
approaches, was
erected at a cost of over one million of dollars.
It is difficult to
estimate the great value of this magnificent work to the permanent
interests of the Marietta and Cincinnati Company. The tedious
delay, which heretofore attended the transfer of passengers and
freight interchanged between the two companies, will be obviated,
and the route established as first class in speed, comfort,and safety
between Cincinnati and Baltimore.
CINCINNATI AND
BALTIMORE RAILWAY.
The litigation in reference to crossing Spring Grove Avenue
and Colerain Turnpike, having been decided in favor of the com¬
pany in June, 1870, the work was renewed with vigor, and
is nearly completed as far as Harrison Turnpike. It will be
t he line
finished
throughout at the close of 1871.
The company was obliged to pay very high prices for right of
way, but lias secured all required for the line. The cost of the
work will, it is now estimated, reach nearly one million of dollars
for a single track road.
Negotiations are in progress for the use
of the Cincinnati and Baltimore road by the Cincinnati and Springfield road, which, it is expected, will be consummated at an early
day. The Marietta and Cincinnati Company has subscribed and
paid for $200,000 of the stock of the Cincinnati and Baltimore
road, and, to secure rapid progress, has advanced $133,769 73 m
cash, additionally.
$124,000 of the bonds, and $258,550 of the stock have been sold,
knd it is expected that the remainder of the securities will be
placed during 1871.
BALTIMORE SHORT LINE RAILWAY.
improper location of the road between Warrens and Belpre
has, since the opening of tlie road, always been a source of great
expense in maintenance and loss in revenue of the company.
It is difficult, at this day, to understand the motives which
governed the managers of the road, in its early history, in locat¬
ing it over ravines, requiring very long and high trestles, and
The
#
May
6,1871.J
First mortgage
the natural and more
and subsequent main
tenance, through the valley of the Hocking, by a line about ten
miles shorter than the existing, could have been secured. With
the view of remedying this grave error in location, the Baltimore
Short Line Railway Company has, during the past year, been
incorporated under the laws of Ohio, and proposes, with the as¬
sistance of the Marietta and Cincinnati Railroad Company, to con¬
struct a road in as direct a line as practicable from Warrens to
Belpre. Its completion is regarded as essential to the establish¬
ment
line
and Baltimore.
most ragged country, while
economical route, both as to original cost
City of Baltimore loan to
Pay roll
Bills
2,500,000
00
2,000,000 00
300,000 00
20,000 00
Union railroad.
$118,102 83
1,148,761 51
payable and special loans
Current accounts...
1,26"'. 864 34
53,318 20
<
$23,608,689 38
President—John
King,
Treasurer—Wylie
Jr-
II. Oldham.
Auditor—Charles F. Low.
Johns Hopkins, Thos. Wliitridge,
Allan A. Chapman, John Donnell Smith, Baltimore, Md.; Nathaniel
Wright, R. M. Bishop, W. W. Scarborough, James D. Lelimer,
Cincinnati, Ohio; William T. McClintick, John Madeira, Chilicot lie; Wylie II. Oldham, Marietta, Ohio ; J. N. Camden, Parkers¬
Secretary and
Directors—John King, Jr.,
between
Cincinnati
GENERAL REMARKS.
During the last three years large sums have been expended in
extraordinary improvements of the Marietta and Cincinnati road,
and in adding largely to its facilities for general business.
The Baltimore and Ohio Company has also expended a heavy
amount in arching tunnels, improving the Parkersburg Branch,
and in building the great bridge over the Ohio river at Parkers¬
burg. Both companies have been impressed with the belief that
this vast outlay was necessary in order to secure a full share of the
large and valuable traffic between the West and Southwest and
the Atlantic seaboard, and in order to attain that position which
perfect
a
4,528 33
[$] scrip
Second “
“ bonds
Third
“
S. & H. V. RR. mortgage bonds
across a
of
563
THE CHRONICLE.
burg, W. Va.
Sliore and Michigan
Lake
Southern
Railroad—Annual
Officers.—Cleveland, Ohio, May 3—At the annual
meeting of the stockholders of the Lake Shore and Michigan
Southern Railway, held in this city to-day, T7_ice-President Schuyler
Colfax presiding, and the following gentlemen wrere elected direc¬
tors for the ensuing year: Horace F. Clark, James II. Banker,
their geographical advantages should command. The wisdom of Augustus Schell, Ezariah Boody, New-York ; William Williams,
Buffalo ; Ilenry B. Payne, Amasa Stone, Jr., Stillman Witt, Cleve¬
this policy is now apparent. The line is attracting attention as a
land ; William L. Scott, Milton Courtwrigkt, John A Tracy, Erie ;
favorite route for passengers, and the indications are very decided
Albert Keep, Chicago; William D. Bishop, Bridgeport, Conn.
that the receipts of the Marietta and Cincinnati road for the year
There is but one change from the Board of last year—William D.
1871, will far exceed those of any previous year, while the expenses
Bishop in place of Alanson Robinson, of Buffalo, deceased. There
for extraordinary repairs may now be diminished.
The Company have 02 locomotive engines, viz.: 19 passenger was but one ticket in the field, and the election went oft'smoothly.
Cleveland and Pittsburg.—The Philadelphia Ledger says :
and 43 freight; of these, 38 are first class, 17 second class, and 7
third class. The engines are all burning coal, and their condition Upon inquiry as to the truth of the statements contained in the
has been fully maintained.
Pittsburg papers relative to the Baltimore and Ohio and Lake
The number of through passengers transported during the year Shore Railroads controlling the Cleveland and Pittsburg Road, we
find the following to be the facts :
was 15,407; do. local do, 340,184—-total, 355,591. Number of tons
1. That no such offer as that
of through freight, 120,024 ; do. local do., 272,421—total, 392,445. recited was ever made to the Pennsylvania Railroad Company.
This shows an increase in number of passengers carried, 27,092 ; 2. That the contract is not terminable in one year, but continues for
seventeen years, and cannot be terminated without the joint con¬
and in tons of freight transported, 4,378.
GENERAL BALANCE SHEET DEC. 31, 1870.
sent of both companies.
3.
the contract is enforceable in
Railway and equipment
$10,929,008 78 either Pennsylvania or Ohio. That
4.
That
the Pennsylvania Railroad
Hillsboro’ Branch purchase
i £95 £55 93
Union Branch purchase
* ’178’756 50 Company, the lessee of the Fort Wayne, has no desire whatever to
Portsmouth Branch purchase
’ ’ 800 060 00 purchase the stock. 5. That they will not lease it for the next
$2,874,613 43 seventeen years, unless it can be made very largely to their
Valley RR. subscription
Cincinnati & Baltimore railway subscription
Baltimore Short Line railway subscription.
Bonds & stocks
Cincinnati & Baltimore railway (cash advanced)
Materials on hand, including fuel
60
00
00
00
92
73
67
$463,441
50,000
200,000
5,000
53,405
133,769
'189,422
Suspense account
..
Profit and loss account
interest to assume the responsibility.
in that stock recently have been upon
Wall street and elsewhere. 7. That
$23,608,689 38
$8 130.719 44
4,460,368 23
First preference stOGk and scrip
Second preference stock and scrip
Common or deferred stock and scrip
1,372,890 84
$13,963,978 51
First mortgage
“
“
1,0'0,000 00
2,450,000 00
[£1 bonds
[$]
lk ,
authorized to lease the Nashville and Decatur
Railroad, and make such contracts for the completion and
of the North and South Alabama, as is best for the interests of
the Louisville and Nashville road.
A resolution was also
adopted to guaranty and endorse $3,500,000 seven per
directors were
year
MONTHLY EARNINGS OF
—Central Pacific
(890 in.)
(431 1n.)
$281,108
633,758
768,719
729,274
(431 m.)
$343,181
315,098
388,726
328,390
345,a32
402,854
783,099
351,044
i 807,815
777,183
828,447
746,800
612,805
493,231
506,623
468,212
397,515
340,350
''"'475,608
| 441,197
(404,263
.Oct..
Nov....
Dec—
1,140,145
845,708
7,983,513
4,681,562
4,849,404
Year..
13,355,461
391,176
488,331
—Illinc^ Central.
1869.
1870.
•
»'-*
1871.
(862 m.)
(974 m.) (1109 m.)
639,540
524,693 661,788
565,415
709,644 601,326
606,845
568,282 555,087
640,974 684,53S
778,260 712,616
696,228 627,215
841,363 899,051
979,400 901,235
914,406P 903,225
814,4132 811,707
) 696,677c 697,750
$659,137 $628,383
(393 m.)
245,981
$18,234 258,554
V 253,065
284,599
$196,787
i
1871.
110,837
132,998
153,531
144,023
141,376
1,391,345
1,418,865
142,014
U35,376
129,306
1871.
(355 m.)
(355 in.)
218,735
1250.471
*.188.1?7
3,518,463
(■246,266
I 249,987
£211,219
*
300.971
§ 318,957
©355,187
I 316,054
•Tune.
July...
.Aug....
Sept....
497,519
1870.
$202,447
267,867
295,566
279,543
292,996
219,483
279,462
325,044
337,649
339,091
831,490
287,825
270,933
April..
May...
£506,680
^Pacific
Mo.
Missisficpi.
of -tort-t
1Q71
lorrn
1870.
(340 m.)
(1,157 m.) (1,157 m.)
(465 in.)
343,555 .. Jan.... $892,092 $706,024
753,782
830,286
340,301 .. Feb.. ..
858,359
372,618 ..Mar.... 1,142,165
.
..
.
.
Marietta and Cincinnati—,
1870.
1871.
1869.
(251 m.)
(251 m.)
(251 m.)
$90,177
13 , 883
$99,541
98,275
126,224
90,298
101,379
140,740
104,585
118,173
10t),246
106,641
110,213
109,752
111,117
117,695
111,127
116,198
129.096
118,407
8,823,482 8,678,958
Ohio 4
316,036
342,896
f 348,039
408,6 5
A408,658
a 418,709
236,341
319,964
i
1,371,780
(
4 351,767
319,441
645,789
388,385
449,932
523,841
.455,606
f;
632,652
736,664
g 584,155
a
1,246,213
1,275,171
1,371,780
1,037,963
Oct ...
Nov...
Dec...
(284 m.)
$384,119
320,636
386,527
411,814
403,646
366,623
329,950
353,569
473,546
490,772
448,419
374,542
Year.
4,749,163
4,791,895
Aug. .
Sept...
Year.. 2,014,542
442,665
441,685
326; 891
378,880
467,990
511,477
453,873
423,735
507,900
529,512
462,400
556,100
597,600
801,163
496,550
(222 in.)
(282 nr)
$152,392
143,468
313,198
908,313
791,014
529,758
1871.
(530 m.
188,385
$213,101
196,207
2.39,161
209,400
259,01K)
208,493
196,720
255,726
2,833,489
(521 in.)
$257,663
293,645
295,298
318,699
340,84*2
348,632
322,756
466,431
508,042
451,293
425,687
(521 m.)
4,252,342 4,426,429
1870.
(404 m.)
266,836
(521 in.)
$284,192
386,254
-North Missouri.-
229,090
264,690
234,962
808,318
1871.
434,283
167, :305
636,434
661,026
1870.
137,794
*
(936 m.) (1,018 m.)
$396,171
396,700
327,431
382,823
377,571
377,000
443,1.33
483,884
430,700
755,737
1869.
175,453
163,284
152,909
172,347
155,081
150,719
t
(390 m.)
270,149
266,788
3,280,420
-Toledo. Wab. A Western
240,394
342,704
311,832
312,529
348,890
310,800
450,246
470,720
422,368
323,378
158,788
172,216
■
319,573
284,156
7,250,668 8,120,427
1871.
Cin.1871.
&I-<
339,230
638,122
A
Paul.
^-Milwaukee
1870.St.
-1871.
1869.
(825 m.)
$454,130
330,233
420,774
460,287
630,844
678,800
586,342
525,363
724,514
$201,500
226,897
[ 393,468
1,039,811
T.Haute.-
1870.
1869.
(210 m.)
$132,622
127,817
175,1*50
171,868
157,397
154,132
144,164
186,888
202,238
204,552
189,351
108,559
418,755
363.187
-St. L. Alton A
$92,181 $126,218 .. Jan...
122,372 ..Feb...
95,665
144,637 ..Mar.
102,583
April.
104,019
May..
115,175
Jane.
116,242
July..
107,524
Aug.
122,000
Sept...
124,124
Oct....
127,069
Nov...,
121,791
Dec...,
119,073
(284 m.)
.
(390 m.)
244,161
246,046
260,169
274,021
249,355
319,012
317,887
500,393
443,300
5,960,936
(284 m.)
$.337,992
329,127
380,430
412,a30
406,283
..Feb...
..Mar...
..April.
May..
June.
July..
$401,275
449,654
*9479,236
-
1870.
.—Iron Mt.—>
1871.
1870.
(210 m.) (210 m.)
1,343,632
1,157,056
1,037,973
1,805,672
(
in.) (520-90 m.) (590 m.)
Michigan Central.
1871.
..Jan...
cent thirty
and Ohio Railroad.
,-Chic.,
Rock Is.and
Col.
Pacific
1870.
1871.-w-Clev.
1870.
1869.
929,077
1,177,897
1,154,529
1,080,946
1869
.
.
1,112,190
1 268,414
1,251,950
1871.
1870.
1869.
1871.
1869.
524,480
481,085
578,870
bonds of the Memphis
PRINCIPAL RAILROADS.
1871.
$413,104
control,
-Chicago & Northwestern—*
1870.
1870.
<742 in.)
'
Chicago and Alton.
*
r
6. That all llie speculations
the stories of adventurers in
neither the Baltimore and
Ohio Railroad Company nor the Lake Shore is likely to buy the
stock of a company situated by contract as the Cleveland and
Pittsburg is at present. The managers of both lines are far too
1,095,039 92 prudent to indulge in any such enterprise.
155,000 00
—Louisville May 3.—At a meeting of the stockholders of
2,046,468 54 the Louisville and Nashville Railroad to-day, the president and
6,508,558 71
;
Construction account
Real estate
Columbus & Hocking
Election or
365,174
328,791
393,455
-Union Pacific-*1870.
(1038 m.)
$528,529
500,139
539,238
680,970
862,580
746,450
643,458
664,050
728,525
719,623
571,379
482,838
7,522,112
1871.
(1038 m.)
479,572
ft?
373,924
499,899
v.’?
■tt
%
THE CHRONICLE.
664
Subscribers will
RAILROAD, CANAL, AND MISCELLANEOUS STOCK LIST.
confer a great favor by giving us Immediate notice of any error discovered In our Tables,
Last
explanation of this table
Railway Mon tor, on the pre
ceding page.
a
COMPANIES.
DIVIDEND.
COMPANIES.
For
[May 0, 1871.
full
see
Rate.
Date.
Out¬
stand¬
Forafullexplanation of this table
see Railway Monitor, on the pre
paid.
dividend.
Stock
ing.
Last paid.
Periods.
ceding page.
Date.
^
I Bate.
PA R
Railroads.
.,,
par
Albany & Susquehanna*
Allegheny Valiev, No. 251
Atlantic and Gulf
Atlan. & St. Lawrence*
Atlanta and West Point.
in*
*,
50
3.691.200
100
No. 225.100
No. 279..100
Augusta and Savannah*
100
Baltimore and Ohio, April 8.....100
Washington Branch*
100
Parkersburg Branch
50
Berkshire, Jan. 21
100
Boston and Albany, Jan. 21
100
Bo8t., Con. & Mont. No. 273
100
Boston, Hartford & Erie,No. 247.100
Boston and Lowell, Jan. 21
500
Boston and Maine, Jan. 21
100
Boston and Providence, Jan. 21.100
Buffalo, New York and Erie*...100
Burlington and
Missouri River .100
pref.100
do
do
Camden and Amboy No.
•
First div.
3,355,000
2.241.250 Jan. & July.
250
100
do do scrip of joint Co.’s ’69 &’T0
Camden and Atlantic, No. 251... 50
*
preferred.. 50
do
do
60
Cape Cod, Jan. 21
50
do
preferred
50
Cedar Rapids and Missouri* ....100
do pref.. ..
do
Cent.Georgia & Bank. Co.No.213100
Catawissa,* No. 255
2.494.900 Mar. & Sep.
1.232.200 Jan. & July.
733.700 June & Dec.
16,550,362 April & Oct.
1,650,000 April & Oct.
7,239,533
600,000 Quarterly.
19,150,800 Jan. & July.
800,000 May & Nov.
25,000,000
2,215,000 Jan. & July.
4,550,000 Jan. & July.
3,700,000 Jan. & July.
950,000 June & Dec.
1,254,406
383,400
5, (XX), 000 Feb. & Aug.
937,*0
377,1U0
731,200
915,577 Jan. & July.
1.159.500
2,200,000 May <fc Nov.
6.850.400 Feb. & Aug.
769.600 Feb. & Aug.
4.666.800 June & Dec.
Jan. & July.
Central of New Jersey, No. 270..100 15,000,000
Central Ohio
50 2,425,000 June & Dec.
400,(XX) June & Dec.
(lo
preferred
50
48,378,740
Central Pacific No. 28S
„
'
L *:
Charlotte, Col. & Aug., No.
Cheshire, preferred, Jan. 21
Chicago and Alton. Mar. 25
257.
—
100
100
2,085,925
8.925.500
do
do preferred
100 2.425.400
Chic., Burling. & Quincy. No.2C3.UXi 17.590,000
Chicago, Iowa and Nebraska*..100 3.916.200
Chicago and Northwest. No. 270.100 14,676,629
d°
do
pref — 10U 20,370,293
Chic., Rock Is.& Pac. No. 203... 1(XI 17,000,(XX)
Cin., Hamilton & DaytonNo.263.1U0 3,500,000
382.600
Cin., Richm. & Chicago*No.203. 50
2.967.800
Cine in., Sand. & Clev.. No. 273.. 50
428,646
do
do
do pref. 50
1,676,345
Cincinnati & Zanesville, No. 216 50
Clev.,Col.,Cin.& Ind. No. 253..100 11,620,(XX)
2,056,750
Cleveland & Mahoning,* No. 247. 50
Cleveland and Pittsburg, Jan. 23 50 7,482,225
11,100,000
Colum., Chic. & In. Cen.*No. 217.100
Columbus and Xenia*
50 1.786.800
Concord
50 1,500,000
350,000
Concord and Portsmouth
.100
2,084,200
Conn &r Passuvipsic. pf. No. 231..100
1,700,000
Connecticut River. Jan. 21
100
50 1.316.900
Cumberland Valley, No. 255
263..
Dayton
and
Michigan*
No.
50 2,400,00')
Delaware*
50 1,203,216
Delaware, Lack.West’No*.*255. 50 16.277.500
452.350
Detroit and Milwaukee, No. 249. 50
2,095,000
r,
do
Jodo
Dubuque and Sioux City*
100 5,000,000
Eastern (Mass.), Jan. 21
ioo 4,062,000
East Pennsylvania, No. 255
50 1.309.200
3,192,000
East Teun. Va. & Geor, No. 2<U0P
500,000
Elmira & Williamsport,* No.255. 50
Jan. & July.
Mar. & Sept.
Mar. & Sept.
Mar- & Sept.
Jan. & July.
June & Dec.
,
June& Dec.
April & Oct.
April & Oct.
Newport, Jan. 21.1U1 4,959.020 Jan. * July.
100 2,488,757
Orange, Alexan. & Manass
482.400 Feb. & Aug.
Oswego and Syracuse,* No. 252 . 50
Pacific (of Missouri) April 22... 100
3/29,800
100 7,000,000 Jan. & July.
Panama, No. 275
Pennsylvania
Mnr.il
50 33,493,812 May & Nov,
Philau. and Erie,* Mar. 11
50 6,004,200 Jan. it July.
do
do pref
50 2,400,(XX) Jan. «t July,
Philadelphia and Read. Feb. 11. 50 30,401,600 Jan. <t July.
Philadel., & Trenton,* No.255...100 1,099,120 Feb. & Aug,
Phila.,Ger.& Norris.,* No.255... 50 1,597,250
Quarterly.
Philadel., Wilming.& Baltimore 50 9.520.850 Jan. &, July,
Pittsb. & Connellsville, No. 255.. 50
1,793,926
Pittsb., Cin. & St. L.,Mar. 4
50 2,423,000
do
do
do
pref. f0 3,000.0 0
Pitts., Ft.W. & C. guar* Mar. 11.100 19,714.285 Quarterly.
Portland & Kennebec, No. 253* .100
616,700 Jan. & July.
do
Yarmouth stock certificlOO
202.400 April & Oct
Portland, Saco & Ports No. 276.100 1,500,000 June <t Dec.
Providence & Worces., Jan. 21..100
2,000,000 Jan.
Ui’y,
Rensselaer & Saratoga, No. 252 .100
G,000,(XX) Apr?
Oct.
Richmond and Danville No. 235.100
4,000,(XK)
Richmond & Petersburg No.235.100
847,100
Rome, Watert. & Ogd.,Mar. 48.. 100 3,(XX),000 Jan. it July,
Rutland, No. 248
1(X) 3.000,000
do
preferred
100 1.831.400 Feb. it Aug
St. Louis, Alton & Terre Haute.100
2,300.000
do
do pref.100
do
2.040,000
Annually.
Old Colony &
July, ’71
’71
’71
’70
’71
Apr., ’71
Mar.,
Jan.,
Dec.,
Apr.,
April,’’71
May, ’71
May, ’71
Dec., ’10
Dec., ’10
Dec., ’70
Dec.,’70
Mar., ’71
Mar., ’.71
Feb., ’71
Dec., ’70
May, ”’71
Feb., ’71
Feb., ’il
Dec., ’70
Dec., ’70
Dec., ’70
Dec., ’70
St. 1 ouls & Iron Mountain
St. Louis, Jacksonv. & ChicagoMOO
,
Syracuse, Bingh & N.
Nov., ’10
Feb. & Aug.
Fe’li ”
May <fc Nov.
Quarterly.
May, ’71
May, ’71
Oct., ’67
ft
*-
pref.... 50
,do_
-
pref.. 50
(‘°
™
Erie, Jan. 28
ioo
....
do preferred
i * 10(
Erie and Pittsburg, No. 255.’.’!!!! 50
Fitchburg
100
Georgia. No. 259
ioo
Hannibal and St. Joseph, Jan. 2S:0C
do
do
pref....100
Hartford & N. Haven, Jan. 2l!!!l(Kl
_
do
do
Housatonic, preferred
Huntingdon and Broad
do
Illinois Central.
scrip....19(
1(X
Top*...! 50
prof 50
do
April 8
‘kx
Feb. & Aug.
Jan. & July.
Apr..
Nov.,
Dec.,
Dec.,
Dec.,
Quarterly.
May & Nov.
Jan. & July.
Jan., *71
Dec., NO
December
Dec”
Jan. &
Jan. &
Jan. &
..
July.
July.
July.
May & Nov
500,000 Jan. & July.
78,000,OCX) Feb. & Aug
8.536.900
1.996.250 ’Quarterly.
3,740,(XX) Jan. & July
4,156,000 Jan. & July
4,151,700
5,047,224
4,800,000 Quarterly.
3,000,000
2.000,000 Jan. <fc July
615.950
212.350 Jan!’& July.
25,2X0.240 Feb. & Aug
.
a<?
o ,
do
common .. 1,372,890
&
Manchester
1,000,000 May & Nov.
^awrence, No.24 71(X
& Dec
Memphis and Charleston. No 278 21 5,312,725 June
Michigan Central. No.267 '
i(X 13,084,048 Jan. & July.
Jan.
&
July.
Milwaukee and St. Paul. No! 25s'l(X II,422,661
.
do
do
Mine Hill &
10(
pref
S
Sch Haven* No 255
’
Mississippi Central......
yot)
Mobile & Montg. pref
Mo’ 28-V ‘
Mobile and Ohio, No. 259 *
”*166
Montgomery and West Point !”l0C
*
Morris and Essex,* No. 250
sr
Nashua and Lowell, Jan. 2i!!’“l(X
Nashv. <fe Chattanooga No 220 101
...."
Naugatuck. No. 195
do
ltJc
2i”‘l(X
■'•*1* 1CH
New Bed. & Taunton, Jan
New Hav. & Northamp., Jan
New Jersey, No. 250....
«
scrip..
London Northern Jah.*2t!!i66
N. Y. Cent. & Hudson R..Jan.21 100
certificates. .*100
New York and Harlem, Jan. 21.. 50
do
*
do
pref
*
New York & New Haven,N©J&s 100
N. Y., Prov. and BostonNo 229 100
do
K
I: I#
'M
M
.
do
Norfolk and Petersburg, pref
do
do
do
do
10C
guar.’ IlOO
ordinarv
yini
North Carolina. No. 267.
Northern of N.H’mpshire'.Noj&TLOO
Northern Central. No. 249
5C
January.
I0.424.9a3
3,856,450 Jan. & July
2,948,785
1,733.760
4,269,820
1,644,104 June & Dec.
IJ,900,0U> Jan. & July.
720,000 May & Nov.
2.056,544
1.861.400 Feb. & Aug.
500,000 Jan. & July.
2,100,000 Jan. & July.
6,250.000 Feb. & Aug.
493,900
967,100 Jan! & July.
15,(TO,000 April & Oct.
44,429, 30 April & Oct.
10,000, OCX) Jan. & July.
1,500,000 Jan. & July.
9,000,000 Jan. & July.
2,000,000 Jan. & July.
300.500
137.500 Jan. & July.
1,361,300
4,000,000
3,068,400
5,000.000
898.950
Northeast. (S.C.). April/*)!!!!!! no
do
8
d.'c..
nrel
5u
do
111,000
8,000,000
North Missouri, No. 259.....
' hx
North Pennsylvania....
50 3,150,000
Norwich & Worcester *”jan.'2i'lb(
2.364.400
3,051,800
Ogdens. & L.Champ.*koJ275....’i(X
do
do
nrei kx 2,000,000
19,995,847
Ohio and Mississippi. April i...!ia
do
do pref.
4,024,474
4*259,450
Oil Creek and Allegheny iUyer,
’10
’70
’,0
Apr., ’71
Indianapolis, Cin. & Lafayette” 50 6,185,897 Mar. & Sept.
Jeffersonville, Mad. & In.,No.2;,7100
2,000,000 Jan. & July.
Kansas Pacific, Mar. 25
8.872.500
i,335 .(XX)
Lackawanna and Bloomsburg” 5(
LakeSI10.& Mich.South.Feb.25.100 35,000,000 Feb .& Aug.
Lehigh and Susquehanna....
51 8.739.800 May & Nov.
“ 51 17.716.400 Quarterly.
Lehigh Valley, No. 255
4,107,150 Quarterly.
Little Miami, No. 247
51
2,646,100 Jan. & July.
Little Schuvlkill.* No. 255
5<
3,000,000
Long Island, No. 252...
5(
848.700 Jan. & July.
Loulsv., Cin. & Lex., prf No‘.276 J(
common
do
51
1,623,432 Jan. & July.
8.681.500 Feb. & Aug.
Louisville and Nashville No!*2*sYl(X
2,800,(XX)
Louisville. New Alb. & Chicago. 0(
Macon and Western
mr
2,500,000 Jan. & July.
3.400.500
Maine Central
!
KX
8,130,719 Mar. & Sept.
Marietta & Cin., 1st pri.’ May’e ’lSf
4,460,368 Mar. & Sept.
d°
do
2d pref.. 151
,,
’71
’70
April & Oct.
June & Dec,
May & Nov,
Delaware Division*
Delaware and Hudson
Delaware and Raritan
’69
Dec., ’70
Dec., ’70
Jan., N1
’71
’70
'71
’70
’71
Sept.,’67
Jan., ’66
Feb., ’71
May, ’67
Apr., ’71
Apr., ’71
1,500.000
50
50
16 V
100
Telegraph—West. Union. No. 277.100 41,063,i(X)
25 3.000 000
Express.—Adams
100 10,000.000
Amer. Merchants’ Union....100 18.000,000
) acific & Atlantic
J an
,
’64
Dec., 70
Jan., '71
.
Feb., ’71
Feb., ’71
Mav, ’67
July, ’70
Feb!,’ "’71
.",”’67
jFeb. & Aug.
Feb
Feb., ’67
July.
Jan., ’65
Sept.
Mar., *71
June & Dec,
Dec.,”’69
7ft.
Mar. &
Dec” ’70
Jan. &
Wells, Fargo & Co
100 5,000,000
Steamship.—Atlantic Mail
100 4,000,000
Pacific Mail, No. 257
100 20,000,000
Tnist.—Farmers’ Loan & Trust. 25 1,000,000
National Trust
100
1,000,000
1,000,000
New York Life and Trust ...100
Union Trust
...100
1,000,(XX)
;
United States Trust
100 1,500.000
Mining.—Mariposa Gold
1(X) 2,836,000
Mariposa Gold, pref
100 8,693.400
do
do Trust, certlf.
2,32-1,000
Quicksilver preferred
1(X) 4.300,(XX)
100
100
do
common
Car—Pullman Palace
May, ’71
NO
July-
Mnv"&
Nov,
Feb. it Aug.
Feb. <fe Aug.
Jan. & July.
Feb. & Aug.
Jan. *t July.
Jan. &
July.
Quarterly.
Quarterly.
Jan. &
Quarterly.
Jan. & July.
& July.
<t Aug.
& July.
& July.
Jan. &
5.700/ 00
Jan., ’71
Nov., ’70
Jan., *71
July,’ *’66
Jan” ;70
Dec., ’70
Nov., ’69
Sept.,’69
Dec., *70
Dec., ’70
Feb., ’71
Dee., ’70
Dec., ’70
July.
Feb. 15.
Quarterly
4,(XX),000
Feb.,’71
Jan., ’71
Dec!,’ *’67
Quarterly.
Jan.
Feb.
Jan.
Jan.
NovV,*’69
Aug., ’66
Feb.., ’71
Jau., ’71
Mar.’,*’71
July.
Quarterly.
..
Dec., ’67
Jan., ’71
Feb., ’71
Dee., ’70
Quarterly.
G.000/00
,...100
S5Ct8
Jan. 1,’70
....
United States
Sept.,’66
N. Y. & BROOKLYN CITY PASSENGER JR AILROADS
Jan., ’71
Aug. ’69
Feb., ’71
NAME OF ROAD.
’71
N1
Nl
NO
D c., NO
Jan., Nl
Dec., NO
Jan.,
Apr.,
Apr.,
Dec.,
PAR
STOCK.
Bleecker street and Fulton Ferry...
]00
Broadway (Brooklyn)
Broadway and Seventh Avenue
Brooklyn City
Brooklyn City and Newtown
100
1(X)
100
100
100
100
100
100
KX)
1(X)
100
100
100
100
100
KX/
100
100
900, COO
200,000
Brooklvn,
....
Prospect Park & Flatb...
Brooklyn and Rockaway Beach
Jan!,”’71
April* NO
Bush wick
(Brooklyn)
—
Central Park,North & East Rivers..
Coney Island (Brooklyn)
Dec., NO
May, Nl
NO
Dec., NO
’71
Dec.,’70
Jan., ’69
Jan. & July.
2,800.000
1.000,000 May & Nov.
1.(00,000 Jan. & July.
731,250
4,000,000
100
Brunswick City
Sept.", ’66
Dec!,
Quarteily,
Jail”*
July.
&
11/8
May, "’70
Jan. <t July.
Jan. it July.
Feb. & A ug
Jan. it July.
1,100,000 Jan.
25
Boston Water Power
’70
Jan., N1
June & Dec
Jan” "TO
4,300.000
1,908.207 Feb. <t Aug.
2.888.977 Feb. & Aug.
2,(X>2.740
2.907.850
5(>
50
pref
Williamsburg
lmprovemen t—C anton
D c.,
April & Oct
Feb!,’"’71
Jan.", ’71
Feb” "’71
1.175.000
50
New York
Aug., NO
April,Nl
Feb., ’71
1,633,350 Feb. <fc Aug.
15.(XX),0(X) ! Feb. & Aug.
4.999.400 !Feb. & Aug.
do
preferred
Pennsvlvania
Metropolitan
Dec., NO
Aug.. ’66
Jan., ’71
NO
Jan., *71
Feb., ’71
•Tan., ’71
Dec., ’70
Ashburton,
50 2,500,000
500,(XX)
Butler
25
Consolidation Md
100 10,250,000
5(X),000
Cumberland Coal & Iron.... 100
Maryland Coal Co
100 4.400JXX)
Pennsylvania
50 4,(XX),(XX)
50 1,250,000
Spring Mountain
Spruce Hill
10 1.000.000
Wilkesbarre
11X1 3.400,(XX)
Wyoming Valley
.100 1,250,(XX)
25 2,000,000
Gas.—Brooklvn
Citizens (Brooklyn)
20 1,200,(XX)
1,500,000
Harlem
50
386,(XX)
Jersey City and Hoboken... 20
Manhattan
50 4.000,000
Jan., ’68
Feb., ’71
Jan.
May," *’C8
May & Nov.
728.KX* Jan. & July.
1.025.000 |Feb. it Aug.
.100
"’71
Feb.
June & Dec.
8,739.8(H)
Coah—American
NO
’71
’71
Jan., ’7!
Dec., NO
Dec., ’70
Miscellaneous.
May & Nov.
Jan. & July.
■Jan. & July
1
1
Union, preferred
50
West Branch andS icc uehanna. 50
Feb., ’66
Dec”
Apr., ’71
Jan., *71
Apr., ’71
Dec., ’70
Jan., ’71
Apr., ’71
:
Susquehanna <fc Ti l< Water
Jan., ’71
Jan. &
1,983,563
8,229,594
Lehigh Coal and Nav*.,April 1*. 50
Monongahela Navigation Co.... 50
Morris (consolidated) No. 254...1(X*
do
May, "’71
June, ’69
Dec., ’70
Dec., ’70
Dec., ’70
Dec., NO
Feb., ’ll
Mar., ’71
Dec., ’70
2.500.000 June it Dec.
2,860,(XX)
2,95ft,8(X)
555J100
2,227,(XX)
1,209/00
1,400,555
”’71
Dec.. ’7
Feb. & Aug.
1.695,825
Schuylkill Navigal’n (consol.)*. 50
May", ”’71
Apr ,
Dec.,
Jan.,
Aug.,
Aug.,
Apr.,
Apr.,
Feb.,
Jan
..
100
Jan. 21..100
Virginia and Tennessee
KX)
do
do
pref
100
Western (N. Carolina)
100
West Jersey, No. 250
50
Worcester and Nashua, Jan. 21.100
Canal.
Chesapeake and Delaware
Chesapeake and Ohio
’71
Jan. & July.
Jan. & July.
Y, No.252.100
Vermont and Canada*
Vermont. & Massachu.,
.
Quarterly.
May, *70
1.365,600
3.939.MK)
*71
D;c ”’70
Indianapolis
50 1,988.150 Jan. & July.
Toledo, Peoria & Warsaw
1(X) 3,0W),(XX)
do
do
K. I)., 1st pref.100
1.700,(XX)
do
do
"W. D.,2d pref.100
1,000.OCX)
Toledo, Wabasli & West.No.255.l0fi 14.700.1XX)
do
do •
do pref.100
1.000,000 May & Nov.
Union Pacific, Mar. 18
36,745,(XX*
Utica and Black River, No.252..1(X)
i .erfi.ixxi I Jan. & July.
Terre Haute and
Apiil.’il
May & Nov.
50
Shamokin Valley & Pottsville* . 50
Shore Line Railway
100
Sonth Carolina April, 15
50
South Side (P. & L.)
100
South West. Georgia.* Ro. 220.. 100
’71
May, ’71
Dec., ’7)
Dec., 70
Dec., *70
A pri),’71
Mar
Fell”
10,000.000
2,623.7f0
910.350
576,050 Jan. & July.
869,450 Feb. & Aug.
635,200 Jan. <t Jiilj'.
5,819,275 Quarterly.
Sanduskv, Mansfl’d & NewarkMOO
Schuylkill Valley,* No. 255
Pec., ’70
Mar., 71
Dec., ’70
.
5s.
Dry Dock, East B’dway & Battery..
Eighth Avenue
Forty-second St.. <fc Grand St.Ferry..
Grand Street & Newtown (B’klyn)..
Hudson Avenue (Brooklyn)
Metropol tan (Brooklyn)
Ninth Avenue
Second Avenue
Sixth Avenue
;
Third Avenue
Van Brent Street/*i>,or>wivn>
I
DIVIDENDS PAID.
LAST
2,100,000 June, 1870.
1,500.000
400,000
254.600
144.600
262,200
Oct.*,*1870*.!
1,065,200
500,000
1,200.000
1,000,(XX)
M ay,
’70,
qnarterly....
semi-annual.
718,000
Nov., ’ll),
170/XX>
106,700
191,000
797,320
888.100
750, OCX*
Nov., ’70, semi
ldt) I.ITU/OO
la
75/GO
Nov., 70
annual..
ouaito-ly,...
666
THE CHRONICLE.
my 6, 1871 •i
RAILROAD, CANAL AND MISCELLANEOUS BOND LIST.
Subscribers tvlll
confer a great favor by
CHARAC¬
SECURITIES ISSUED.
COMPANIES, AND
TER OF
Table see
on a
this
“Railroad Monitor
explanation oi
full
Vor a
will be published Next
6
standing
c3
When
Where
paid.
paid.
Susquehan. (Oct. 1, .0).
(Oct.l,/ 69.
(Peb.
1, *0). ^
Valley
on a
4,000,000
185,000
3,510,000
Bond^to's'atcofFaV.’cmiorseci
7
J. & J.
6
M.&N.
7
7
A. & O.
M.&N.
J.& J.
New Ycrk
)
A. & O.
6
Consolidated 1st Mort....
17,579,500
2,000.000
7
J. & J.
3,903,000
Alia n tic A Pacific (t* «* b. * 1):
1 t M. (South Pacific) g »'d
L. Or. (gold) on 500,000 acres.....
Atlan. A St. Lawrence (o an. <0):
1st Mort. (Port. Loan) skg fund.
2d Mort. of April 1,1851
Sterl, Bds of Oct. 1, ’64 (5-20 yrs).
Sterl. Bds of Nov. 1, ’53, £1(X),000
Baltimore A Ohio (Oct. 1, *70):
Loan of 1855, skg fund.....
Loan of 1850
Loan of 1853
Baltimore Loan of $5,000,000....
Sterling Loan oi 1870, £800,000..
2d Mort. (N. W. Va. IiR.) of ’53.
3d Mort. (N. W. Va. IiR.) of ’55.
Balti. A Potomac (Jan. 1, ’70):
1st Mori gage of i860 ''gold)
Income
?
A Martinet. (Feb. ’71):
Bonds ot 1865 and 1866..
Belvidere Delaware (Feb. 1, ’71) :
1st Mort. of 1352 (guar. C. & A.).
2d Mort. of 1854
3d Mort., of 1857
Blue Ridge of S> Car. (Jan. 1, ’70):
1st Mort., guar, gold
A Albany (Feb., ’71):
Albany Loan (Alb.& W.Stkbge)
Mass. Sterl. Loans (West’nRR.)
D jilar Bonds (Western RR) ....
Bod., Clint. A FUchb'g(Feb., *70):
1st Mort. (Agric.Br. RR.) of’6-1.
Boston, Clinton * Fitchburg..
Boat., Con. A Montr'l (Apr. 1, ’69):
1st Mort. (71 m.)
2d M. (71 m. & 1st 22^ m.) conv...
2d M. (71 m. & 2d 22 'A m.) convv.
Sinking Fund Bonds
Boat., Hart. A Erie (Dec. 1, ’68):
1st Mort. (old)
Bouton
7,250.000
3,000,000
825,000
404.200
1,095,776
484,000
Dollar Loan for $675,000
Dollar Loan for $1,700,000
Dollar Loan for $2,500,000
Consol. Mort. Loan for $5,000,000
Sterling Loan, £313,650
Sterling Loan (new) £369,200
Dollar Loan (new)
Camden A Atlantic (Jan. 1,
1st Mortgage
2d Mortgage
1st Mort.(C.F.to Waverly,14m.
1st Mort.( W. to Minn.Line,62 m.,
Cedar Rap. AMissou.R.(Feb., ’71):
1st Mort. (land grant)
°f u- Pacific (Jan. 1 ’69):
IstMoiMAtcb.&Pike sP.RR.)
2d Mort. (U. S. loan)
Central of Georgia (Feb., 1871):
1st
Mortgage
Central of Iowa
.
(FebV, 71):
M?r£-,l£ol(l)tax lree* conv..
Centra1 ofAew
Jersey (Jan. 1, ’71):
Mortgage
Mortgage (new)
[
0hJ°(Feb: l8t Mort
£aciJir °fCalifor. (Jan. 1 ,’71)
<Q
Subord. Lien Calif. St. aid (g’d)
£??rv^’d8Jc<>nv.
into U,S.b*ds)
2d Mort(U. S. loan)
vAafksi. A Savannah (Oct. 1, ’69)
W Mort, fguar, by S.^arofina)
London.
1877
1S79
1876
1884
1882
1882
1881
1883
1895
i 4
New York
London.
44
New York
London.
4 4
New York
Var.
A. & O.
A. & O.
6
6
6
6
.
5,169,100
M & N
1UU.UUJ
18 5 0
6
6
8
J.&J.
J. & J
J. & J.
J iV J.
J. & J.
791,500
6
J. & J.
Boston.
500,000
10
M.& N.
New York
7.
M.& N.
Philadel.
7
7
7
M.& N.
J. & J.
A. & (>.
New York
8
New York
Frank l'ort.
New Xork
8
8
8
8
S
8
8
8
J. & J.
J.& J.
M.& S.
M.& N.
J. & J.
J. & J.
J.&J.
J. & J.
A .& 1
J.&J.
A.& O.
Boston.
18S3
1890
1890
1879
li-89
1878
187S
1900
1890
1S90
1379
7
J.&J.
New York
1887
pm
7
A.&O.
New York
1909
591,700
218,000
7
7
J. & J.
F. & A.
New York
1890
1892
397,(XX*
182,000
7
7
M.& N.
New York
1,129,000
7
J. & J.
3,C00,CX0
8
J. & J.
1,219 500
7
7
7
7
7
7
7
F.& A.
M.& N.
F.& A.
F.& A.
F. & A.
M.& N.
J.&J.
J. & J.
M.& S.
7
400,000
(UX),000
800,000
800,000
600,000
1,260,0-00
free.
;
960.0 0
80.i,CIO
1,000,110
M.&N.
London.
baltimore.
140,000
527,000
6
J. & J.
J.& J.
J. & J.
1875
1880
1885
1890
1895
1873
1835
O
a
i i
44
Baltimore.
8
A.& O.
Boston.
1875
1,000,000
6
6
6
J. & D.
M. & S.
F. & A.
New York
Princeton.
1877
1885
1887
1884
499,500
745,000
44
4,000,000
7
J.&J.
Charlcst’n
281,000
755,520
723,000
6
5
6
J. & J.
A. & O.
A. & O.
Albany.
’71-’T6
London.
Boston.
1871
1875
'
400,000
6
260,500
7
204.000
150,000
200,000
7
6
7
6
496,000
7
7
7
I» oston.
Boston.
1884
1890
F.& A.
J.& J.
J. & J.
J. & J.
New York
Boston.
New York
Boston.
1865
1870
1870
18S9
M. & S.
Boston.
1831
1899
1899
J.& J.
J. & J.
44
New York
Boston.
7
J. & J.
6
3
6
IJan’y.
6
7
A.&O.
A. & O.
New York
New York
7
J. & J.
New York
7
7
J.& J.
J. & J.
New York
7
7
J. & D.
M.& N.
New York
7
M.& N.
New York
J. & J.
A.& O.
7
7
8
8
8
8
2,250,000
J. & J.
J. & J.
"
A. &
J. &
J. &
A.&
O.
J.
J.
Boston.
44
<6
44
New York
Boston.
44
O.
44
J. & J.
J. & J.
44
44
1893
1875
1878
1879
1889
1891
1889
....
7
7
J. & J.
A.&O.
Camden.
338,000
236,500
6
F. & A.
F. & A.
Philadel.
Philadcl.
294.000
7
7
A. & O.
New Ycrk
7
Var.
490,000
500,000
7
J.&J.
44
44
44
44
London.
4%
44
4
1870
1875
1883
1889
1889
1880
1894
1873
1880
1897
1882
1884
1907
New York
91-’i6
M.& N.
J. & J. ‘
New York
1895
1895
1,600,000
1,600,000
6
6
786,000
7
M.& S.
New York
1875
’i
Jan. 15.
J N. York.
1899
7
7
6
M.& N.
F.& A.
M. & 3.
New York
1875
1890
1890
6
7
7
J. & J.
J. & J.
J. & J.
New York *95-’99
6
J.&J.
,000,000
894,000
2,837,000
2,500,000
25,881,000
1.500,000
1,500,00(
26,881,000 |
506,0013 1
6
July 15.
1.801,(XD
985,(XX)
200,000
985,000
855,000
2,077,(XX)
101, (XX)
825,000
354,000
Mississippi River Bridge Be
Elgin and State RIJ. Bonds
1st Mortgage (Peninsula RI
)
Cons. Skg F’d B’ds, conv. ’ti
Equipment Bonds
i
Equipment Bonds
1st Mort. (Beloit & Madison
'Winona & St. P. 1st Mort.,-guar
do
do
24 Mort.,
650,000
611,C0C
a
1st Mortgage
Chicago & Southwestern
•
4
•
4
44
-
1885
1884
*96-’99
Cfcarittt'ir m
it
V
6
7
7
7
10
7
7
7
ar.
Q.-F.
A.&
M.&
J. &
J. &
M.&
....
lfCO
1S80
1872
1884
1876
1SS7
'i >4
1877
1893
18S3
ii
....
,
,
.
,
44
44
1890
....
New York
1885
1883
1885
1885
1882
1875
1884
1878
1898
1915
1874
1871
1883
44
44
44
44
41
44
14
44
44
().
44
N.
44
J.
J.
N.
44
44.
New York
5,000,000
7
M.& N
New York
500,000
S
J. & D.
New York
1,250,000
7
7
8
M.& N.
J. & J.
J. & J.
New York
New York
1880
1885
1877
J. & D.
New York
1893
282,000
44
2d
Mortgage, guaranteed
1,5a),ooo
1st
Mortgage, guaranteed
400, (XX)
7
J. & J.
New York
1895
560,(XX)
7
7
J. & J.
J. & J.
New York
1895
1889
350,000
997,(XX)
1,051,851
l
6
7
M & S.
F.& A.
J. & D.
New York
1877
1900
1890
1,300,000
7
M.& X.
New York
1893
350,ax)
637,(XX)
2,an ,oa*
7
7
7
J. & D.
J.& J.
M.&N.
New York
1,500,000
7
J. & J.
New York
1900
7
7
7
F. & A.
M. & S.
J. & J.
New York
1873
1876
1973
7
7
New York
7
M. & S.
M.& N.
J. & J.
M.& N.
7
7
7
J. & J.
M.& N.
A. & O.
New York
4
_.J.& J.
Mortgage, guaranteed
Mortgage
Cincin., Sand.A Cleve. (July ’70):
1st Mort. (Sand. & Ind. RR.)..
1st Mort. (S., D. & Cin.RR) ’55.
1st
2d
Mortgage
H):
(Bell. & Ind. RR.)
1st Mortgage, new, S. F
Cleveland. Mt. Vernon A Del.
1st Mortgage (gold) tax free..,
Cleveland A Mahon. (Feb. ’71);
1st Mortgage
Sd Mortgage
1st Mort. (Hubbard Branch)
Cleveland A Pittsburg (Feb., ’71):
2d Mort., for $1,200,000
3d Mort., for $2,000,000
4th Mort., for $1,200,000
1st Mort.
700,5a>
487,900
91,(XX)
790.500
»
'kg J
Col., Chic;*. A
1,858 .(XX)
i,096, m
528,(XX)
821,(XX)
400,000
300,000
2,000,000
....
6
,
7
7
l
Cohan. A Hocking V. (Feb., H);
1st
Mortgage, S. F., 1867...
of 1871, on 89 mile-*
Columbus A Xenia (June, ’69)
1st Mort.
1st
Mortgage
1st Mort 'gold) conv.,S.F.,fre<
Dayton A Michigan (Apr. 1, ’70):
lstMort. ,akg fund, $30,000 a y’r.
2d
3d
Mortgage
Mortgage
Toledo Depot Bonds
Dayton A Union (July 1, ’69):
1st Mortgage
2d Mortgage
Income Mortgage
Dayton A Western (Feb., "71):
1st Mortgage
lit Mortgage
iimhhmiiihiiiii
44
Boston."
44
**
44
44
1873
1875
1892
1900
44
44
44
18..
18..
18..
18..
44
44
44
1905
1908
1909
New York
41
A. & ().
J. & J.
New York
4
248,000
7
M. & S.
New York
1890
M.& S.
Boston.
1873
r*
1S97
1880
44
500,000
6
7
J. & D.
J. & D.
Boston.
295,000
1,000,000
6
M.& S.
Philadcl.
’
’00-’04
875,000
6
6
M. & S.
M.& X.
New York
1891
1888
161,000
8
8
A. & 0.
A. & O.
Philadel.
1904
1908
2,000,000
7
A.&O.
New York
1908
2,766,000
7
New York
1881
1884
1888
't
740,000
44
7
169,500
7
J. &
M.&
A.&
M.&
140,000
135,000
252,445
7
7
6
M.& S.
J. & D.
J.& D.
New York
275,000
7
J.&J.
New York
433,0001 4
J,
7
S.
O.
S.
1876
i
44
642,000
700,000
J.
•v?
70-’9S
1899
44
1,300,0(X
118,009
250,000
Mortgage
Danv.,Urb.,Bl.APekin (Julv 1,’69)
J. & 1).
A. & O.
F. & A.
«4
1
Connecticut River (Feb., ’71):
Sinking Fund Mortgage
Notes (Coupon) tax free
Connecting, Phila. (Nov. 1, ’69):
1st Mortgage, guaranteed
Cumberland APennsyl.fFeb. ,’71)
1st Mortgage
2d Mort. (s. f., $20,000 a y’r) guar
Cumberland l alley (Feb., ’70):
1st Mortgage
J.&J.
m
V;;
7
7
5)0,000
Si
44
J. & J.
50i'.000
to 1
1874
1874
1898
ti
7
2d
Baltimore.
New York
1S95
8,376,000
1,243,(XX)
....
“
1919
New York
New York
1,377,000
1877
1872
J. & J.
154,000
18l,< XX)
Clev., Col., Cin. A Ind. (Feb,
A. & ().
A.& O.
F. & A.
M.& N.
J. & I).
A.&O.
M. & S.
4,666,100
1,518,066
1,846,000
3,59;:, MX)
3
7
6
6
6
6
6
1st Mortgage (general)
Extension Bonds
1st
44
1894
867,000
j
Cincin., Bichm.A Chief Apr.l,’7(
Boston.
6
6
1860—
1873
1873
1879
J. & J.
6
,
i899
8
323,220
675,000
1,700,000
2d Mort., guaranteed
2d Mort., 1863
1st Mortgage
Cincin., 11am. A Dayt. (Apr. 1
1st Mortgage of 1853
2d Mortgage of 1865
3d Mor*. *67(S. F.,$25,000 yc
Cincinnati A Indiana (May, 70):
1st Mortgage
1919
1S94
18,000
Chicago, Iowa A Aeb. (Jan. 1,’71
1909
150,000
1,000,OCX)
1st Mortgage, 1867..
Chic., Danv. A Vincen. (Apr. 1/6!
1st Mort. (gold) sinking fund.
4*
.
VA
911,000
gold
N’ew Yoik
.
6
s
CO O CD 85
(Trust) Mort
1st
1PSS
1888
Boston.
NO-’71
Port & Bos 1871
London.
1884
(i
1878
M.& s.
3,S17,0C0
2d Mort., income
Chicago, Bur. A Quin. (Jan., ’71)
2d Mort. (Frankfort),
J. & J.
308,000
2,100,000
1,100,000
.
paid.
6
500,000
Ottawa, Oswego & Fox It. V...
111. Grand Trunk Mor. (R
44
Baltimore.
458,500
Mortgage
Chicago A Alton (Jan. 1, ’71):
1st Mort., sinking fund pref....
1st Mortgage
IV here
paid.
7
160,500
1st
1890
New York
J. & J.
J. & J.
A.& O.
J. & J.
3,722,6‘"0
3,872,000
Funded Interest Bonds, coupo
Cheshire (Dec. 1, ’69):
"When
2,000,001
igc
’71):
Camden ABurling. Co.)Jan.l,’7i)
1st Mort. (on 31 miles, 1867)
Catawissa (Nov. 1, ’69): 1st Mort
Cedar FallsA M i ;m e.s-o. (J a n. 1, ’71):
1890
+*
C2
Ul.iU
Company Bonds of’70, ’75 & ’8(
1/70
Portland.
r
3uu.m>
l
Chester A Ch. Br.JuncfJan.
1st Mort., sinking fund
Chester Valley (Nov. 1, ’69):
....
J. & J.
J. & J.
6
6
—
1st Mort. (gold)
Camden A Amboy (Jan. 1, ’70):
Dollar Loan for $800,000
J.
O.
....
600,000
14,000,000
by Erie...
3,000,000
7,349,163
Floating Debt, Nov., ’69
Mass. L. (sec. by $4,000,0001st M.)
3,000,000
Boston A Lowell (Feb., ’71):
Convertible Bonds of 1853, coup
55,000
366,000
Scrip Certificates
Mortgage (wharf purchase)....
200,000
Brunswick A Albany:
1st Mort.(gold) guar, by Ga.... 15.000p.rn
2d Mort., S. F
Buff.,Brad. A Piltab. (Nov.,’70):
1st Mortgage
580,000
Buff., Carry A Pittsb. (Nov, 1, ’70):
1st M., Buff, & O. Cr. Crosscut..
600,000
1stM.,Bull', Cor.& Pitts.of Pa.
110,009
Buffalo A Etie—See Lake S. & M.
Buffalo, N. Y. A Erie (Oct. 1, ’70):
1st Mortgage
2,000,000
2d Mortgage
380,000
Burl.,C. R.A Minneso.(du\y 1, ’69):
1st M. (gold) conv. skg Pa, tax fr
6,000,000
Burl. A Missouri 11. (Jan., ’71):
1st Mort. (land & railroad)
5,057,000
Bonds conv. into pref. st’k (2d s)
600,000
Bonds conv. into pref. st’k (3d s)
1,200,000
Income Bds conv. t(» com.stock
1,000,000
Convertible Bonds of 1S70
1,200,000
1st Alort. conv. on hr. (37 miles)
900,000
Burl. A Mo., in Nebras. (Jan., ’70)
1st M. Land & RIi conv.,tax free
2,100,000
California Pacific (Jan. 1, ’70):
1st Mort. (new)
1st Mort. (new) guar,
1
6
6
6
6
6
6
6
863,250
579,500
1,710,500
;
1898
0
2d Mort. (Va. ( ei.u/i 1 RR.)
3d Mort. ( Va. Central RR.) ....
Income Mort. (Va. Cent. RR.).
American Cent. RR., tax
341,200
Sectional Bonds....
Bay deNon.
O.
O.
O.
O.
D.
O.
O.
7
7
7
7
(.7
Atlantic A Gulf (dan. 1, ’70):
Consolidated Mort., tree
|
....
(7
(
i
....
8,512,400
>
2d Mort. (N. Y.)
2d Mort. (Ohio).......
'
7.3
7
A. &
A. &
A.&
A. &
J. &
A. &
A.&
J. &
A. &
,
(Ohio)
(Bud. ext.)
Branch).. J
“
.'
.
1895
1885
1 81
standing
P5
Yorkj
Wash’ton.
f7
1stMort.,skgfund (N. >.).... |
New
M,& N.
425,000
1st Mort., skg fund
1st Mort., skg lund
1st Mort. (Franklin
2d Mort. (Penn.)
8
see
Railroads:
(Jan. 1, ”
1st Mortgage
C tux"' eak e ,fr Ohio (Sept., ’70'
New York
7
77,000
•
J. & J.
8
1,000,000
1,000,000
2,000.000
175,000
Mortgage, 1863.
Albany City Loan, 13tw
;d Mortgage, 1863
8d Mortgage, 1869.......• • • v • •
Alex., Loud. A Ramp.
1st Mortgage, lor $8,000,1)00).—
Allegheny
General Mortgage
of
!Xpl
“Railroad
preceding page.
Table
Charlotte Col. & Any.
3,800,000
INTEREST.
TER OF SECURITIES ISSUED. Amount
preceding page.
Albany A
AND CHAT!AC
COMPANIES,
INTEREST.
Amount
Out-
Kail roads :
Alabama A Chattan. (.Jan. *0).
st and 2d M. (gd) guar. b> A * •
1st
us Immediate notice of any error discovered in our Ta.Mes.
giving
Bonds
week.
Pages 3 and 4 of
U
44
New York
44
V!
44
M
1
H\
?'
&.)
January 1, 1871, to
EPITOME.
Friday Night,
May 5, 1871.
foreign merchandize has rather improved the past
week, and for some leading articles higher prices have been
obtained, but in Domestic Products there has been great
irregularities, with an unsettled closing, and somevdays must
elapse before normal influences can be re-established.
The following is a statement of the stocks of leading arti¬
cles of merchandise at dates given.
Trade in
May 1.
23,602
34,383
17,908
13,750
16,757
tea. and bbls.
Beef
Pork
bales.
hhds.
Tobacco, foreign
domestic
Coffee, Rio
Coffee, other
...
Coffee’ Java
Sugar.’
Melado
Molasses
Molasses
Hides
*.
Spirits Turpentine
Tar
bags, etc.
323.234
hhds.
hhds.
1,927
20,550
No.
bates.
bbls.
bbls.
bags.
Rice, E. I
Rioe, Carolina
casks.
bales.
Gunny Cloth
Gunny Bags
Linseed
Saltpetre
51,447
8S,684
96,880
mats.
345
Rosin
Jute and Jute
Manila Hemp
50.132
boxes.
Sugar
Sugar
Cotton
bags.
bags.
bags.
Butts
bales.
bates.
76,000
50,000
29,400
1,715
33,873
2,200
3,857
7,200
5,000
117,300
10,000
11,150
28,200
April 1.
40,902
109,246
19,433
13,845
37,213
13,887
30,184
26,589
38,497
206,036
3,284
9,114
5,000
151,200
111,000
31,015
3,047
11,263
3,800
Custom House returns, shows
the port of NewYork since
all the principal foreign countiies, and also the
totals for the last week, and since January 1. The last two lines
show total values, including the value of all other articles besides
those mentioned in the table.
1871.-
1870.
from New York.
Exports of Leading Articles
The following table, compiled from
the exports of leading articles from
Commercial Himes.
e
COMMERCIA L
Tobacco,
[May 6,1871
THE CH RONTCLE.
568
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May 1.
27,359
124,826
20,196
-
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• '
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05 if ©
.
a)
irf l* If
of r-f 1-T
■
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t-T
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;
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.
17,370
5
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•
•
•
•
•
45,036
50,607
QO
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CO
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co
....
43,362
50,775
168,559
5,056
6,843
7,600
172,850
87,000
34,710
Si
14,400
12,000
98,900
16,600
13,050
30,216
17,050
14,275
66,700
17,700
15,500
38,331
1_r
flog
°v
t— rH SO
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03
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353
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fairly active, but Mess Pork has de¬
clined and closes at $17 25 ; prime Mess is offered at $16»
with some buyers for export at §15 50 ; the sales below this
price noted last week were of inferior and mixed brands.
Some 2,500 boxes Bacon have been taken for the Continent
at 9@9£c. for long clear.
Lard closes at life, for Prime
Steam on the spot; life, for June; life, for July, and 12c.
for August.
A line of extra Mess Beef sold at $13 75. Butter has declined, and Cheese is nearly nominal.
Tobacco has been active, but the market is entirely without
new feature.
Prices seem to have declined to a point at
which buyers are disposed to operate, and the market is
simply steady. In Kentucky Leaf the sales of the week
amount to 1,100 hhds., of which 900 hhds. for export, at 5f
@5fc. for lugs, and 9fc. for low to good leaf. In Seed
Leaf no special feature is reported; the sales have been 300
cases Pennsylvania, 500 cases Connecticut and Massachusetts*
and 233 cases Ohio, all new crop, on private terms; also, 150
cases old wrappers in various lots at 35@60c. Spanish Tobacco
in fair demand with sales 500 bales Havana at 85c.@$l 05Cotton has advanced, doting at 15fc for Middling Uplands.
Flour and Grain are firmer, but closed very unsettled.
Groceries show a slight but pretty general improvement.
Freights have been unsettled ; rates for cotton and grain by
the British steamers have been depressed by a disagreement
respecting bills of lading. A break in the Erie Canal has
To day shipments were large, and the
also had some effect.
close was firm at Gd for grain to Liverpool by steam, with
Cotton at a farthing.
Vessels to British outports are plenty
at 6s direct, or Gs 3d to Cork for orders.
Considerable ship¬
ments of Provisions to German ports have been made at 30s
by sail, and Flour to London 2s Gd.
There has been a large movement in Tallow—3o:ne 1,500
hhds. here and in Philadelphia being taken for export at 8-J@
.
©
if
■
11,025
8,100
540
o» © in
V co
*i
955
610
§
O
20
Provisions have been
There is some revival of export demand. Clover seed
for the Continent at 9£@10c. Whiskey has declined to 91c:
Petroleum has beeu firm throughout the week, with a
fair demand for Refined, which closes at 23fc on the spot,
and Crude quiet at 13£c in bulk. Rosin has been quiet
and closes rather week, owing to an advance in ocean freights.
The stock of Spirits Turpentine is all in ona or two hands,
and the p;ice has advanced, closing with 58c bid.
Metals have been without variation. Hops have been dull
9c.
at former
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prices. Wool is in good demand and with stocks
still small; prices remain firm.
Linseed oil has advanced; GO,000
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0*
THE
May 6,1871.1
The
,hovvs
at
CHRONICLE.
Imports of Leading Articles.
foliowiucr table, compiled from Custom House returns
the foreign imports of certain 1 eading articles of commerce
1870.
enrresj^nding period in
Earthenware...
Glass
Glassware
Glass plate
Buttons
For
Since
the
Jan. 1,
week.
1871.
Metals, &c—
Cutlery.
China
262
4,59b
3,591
2,290
D.941
128.317
161.811
9,896
1,605
9,002
9,033
3/749
2,451
17,0.9
0,998
351,446
33
926
’426
370
.....
Coal, tons
244
Cocoa, bags
Coffee, bag9
Cotton bales
73,870 bales
4,358
3,623
Same
time
1870.
165
57
2.658
1,574
1,9 26
2 745
iron, KB bars.
Lead, pigs
Spelter
7,937
4,398
178.410
172,999
139,551
D2.4S0
Steel
4.282
Hardware
....
Tin, boxes
Tlu slabs, lbs..
7,243
9,230 Rags
23 2,7 IT Sugar, lihds, tes
1,377 & bbls
Sugars, boxes &
4,"57 bags
2.330
1870.
21,135
136,429
140,731
New Orleans
Mobile
Charleston
Savannah
Texas
New York
Florida
North Carolina....,
51,219
323,104
311,110
Other ports
57,704
538.991
20,851
469.15J
991
387
61,336
47,617
61.992
62.4 tl
1:5,410
58,065
9,119
1
Brimstone, tons
Cochineal...,...
Tartar..
Cream
3S0
9.205
<J7«I
7 7-XA
37,- 07
271,086 214.6U6
114,741 1,356,039 1.303,825
2,50:
42,109
29,440
24,900
116
3,083
1,225
7,17'. Tea
3.572 Tobacco
1,531 Wasl e
997 Wines, &c—
Cliampag’e.bks
3.461
.
519
Gambler
31
389
Indigo
...
Madder
Oils, essential..
Oil, Olive..
Opium
1,3% Wool, bales
1,363
12
133
(iCigars
11,447
Soda, bi-carb...
7.050
44,002
33,746 Fish
Soda, sal..,
Soda, ash.,
4 456
13.172
1,61/
17.029;Fruits, &c—
11,611) Lemons
010
Oranges
Furs
Gunny
91
52,675
71
223
619
8,591
082
27
16,837
cloth
Hair
Hemp,
bales,...
796
1,014
a
165
Flax
lil ies, &cBrlstles
Hlde9, dressed.
mdta rubber
Ivory
Jeweiery, &c—
Jewelry
17,830
$13,371 $544,305 $358,893
9,723 Corks
463
51
14.461
6,168
1,867
2,555
2,460
741;
7 897
Fancy goods
35,0'2
1 ,'<.03
Nuts
Raisins
1,283,
974
1,431
1,094
551
407
Linseed
41.500
6,540
335,419
132,222
61,063
Molasses.
52,160
Receipts of Domestic
22.192
691,183
174,1.6
22 .',883
8,295
160,051
62.419
793.596
187.333
539,031
194,477
234,643
430,510
475,453
402,' 54 1,3 0.591 3,299,110
40,787
53,658
182,810
165
14,121
259.205
794
40.591
Logwood
Manoganv
590
91,821
2,036
84,659
21,760
4,010
137,812
15,877
132,197
33,067
21,811
125.611
54.980
53,829
....
...
103,638
8,573
39,759
....
Woods—
2,216
26,679
251.020
42,355
1,320 Hides undressed
35,010 Rice
Spices. &c—
453
Cassia
13,203 Ginger
14,320
Pepper
1.300 Saltpetre
127
53
Watches
14,837
2,190 Articles report’d
714! by value-
3,512
1,083
■"5
4,616
1,051
2,951
Wines
220
Gums.crudc....
Gum, Arabic...
107
29
Produce for tlie Week: and since
January 1.
The receipts of domestic prodnee for the week and
lud for the same time in 1870, have been as follows :
«
This
week.
A.she8...pkgs.
Breadstuffs—
Flour .bbls.
Wheat .bus.
Coru
Oats
kye
Barley. &c..
Grass seed
Beans
Peas
(J. meal.bbls
Hemp..bales.
Hide's ....No.
Hops...bales.
Leather .sides
Molasses bids.
2,570
Rosin
Tar
Pitch
'
-
This
week.
1
488
210
793
.
134,120
5.077
2.550
60J
972,709
7,659
283.923
140,022
63.085
11,313
2,496
17,925
479,923
225
1,256
83.053
137
754
170.499
5,953
1,814
55,115
15,959
940.004
41,753
Naval Stores-
Or.turp.bh!.
Spirits turp.
| time
Same
’i0.
3,153 Oil cake, pkgs....
Oil, lard.....
851,037 Peanuts, bags..
61,197| 900,119
179,-83! 1.340,307 2,012,941) Provisions—
121,510 3,783,396
014,813Butter, pkgs....
150
.
Cotton.bale3.
Since
Jan. 1.
91
1,991
1,536
14.973
8.315)
161,399
1,261
9,648
50!
220i
815.873;
Cheese
9,9 '(I;
035,2851
25,008
Cutmeat*
Eggs
Pork
12.030
2.457
2,021
16.002
2,755
53,722
Beef, pkgs
40,800
Lard, pkgs
122,422
Lard, kegs
291,819 Rice, pkgs
1.0 JS Starch
148,311 Stearine
13,102 Sugar, hhds., &c..
930,406 Tallow, pkgs....
12,894 Tobacco, pkgs...
Tobacco, hhds...
3,512 Whiskey, bbls....
860
530
111
1,753
18,198
2,932
30,593
41,390
100,446
151,413
91.202
82,375
8,676
100,405
6i;.V7l
169.117
125,943
64,061
52,315
37,945
8').715
724
4,335
64,428
131
ISO
3,230
12,592
7.663
9,604
4,100
73,541
S4 035
2.109
8,193
22,471
61,279
828
20.695
9,735
79,253
25,505
*
90,114
65,426
....
Dressed hogs No.
38,217
1,6831
Since
Same
Jan. 1. time ’70
122.127
8,061
9.032
Wool, bales
18.773
203.063
‘
since Jan. 1,
*
*
*
8,359
74,280
4,160
8 3
New Orleans
Mobile
1871.
bales
Charleston....
Savannah
Texas
Tennessee. &’c.
18,986
3,229
2.987
6,4<0
7,529
7,748
1870.
Rec’d this week at—
18T1.
3,458
6,869
3,4011
Total receipts
Decrease tliis year
1870.
42 |
973 I
bales.
28,703 Florida
4,549' North Carolina
4,071 Virginia
7,310
51,432
6,404
715
j
j
1,989
57,836
1
....
and
22,282 to rest of the Continent, while the stocks as mad e
up this evening, are now 426,944 bales.
Below we give the ex¬
ports and stocks for the week, and also for the corresponding week
Exported to— '
Hew Orleans
Mobile
Charleston..
Savannah
Texas
New York....■’*’7
Other ports
Total
JTotal since Sent’. i
G. Brit
Contln’t
Stock.
Total this Same w’k
week.
1870.
16,640
7,748
17.863
8,548
5.112
8,660
729
729
3,964
18,303
50
78
28,814
629,553
71,037
2,687,962
14,889
23
423273
2,058/409
350
746
34,503
8,068
1871.
1870.
18,788
155.923
6,430
35,747
19,214
40,247
142,860
47,206
11.605
45,667
746
3,674
1,0.54
5,954
62.813
84.730
880
82,000
30,000
54,000
17,000
36,275
426,944
353,068
1,790,606
63!,'87
211,202
372,803! 279.344
317.399 213.543
087.870 437.405
245,001 j 210.480
123.110
323,873
119,070
212,952
109.983
12.048
84,078
305,007
522,901
20.374
5.',103
184,49.'
53,282
?571,941
37,5331 313,780 1083,100 102,939
33,522 250,721
K7.123
....| 31,794) 154,901 152,024
2,i<5,
38,847 415,495, 232.430
20,3' :6! 139,376
44,033
51,374 578,012
...
3,07i!
"70
5,310
5.310
17,131
2010,130
39,884
171,019
42,982
19,601
46,675
58,018
90,000
1,728
8,205
25,000
48,985: 550,751 2016,8:5 1010,065
2579.417 1157.090
.
1.539
83,280
297,092
70
22,753
Stock.
“01’4s.
287.232! 309.10 ' 1754.331
733,994
458,283
347,095
The market the past
The movement during
week has developed considerable strength.
the previous week to corner the “shorts,”
put prices up so that at the close Middling of all growths'*'were
quoted at 15£c. The next day, however (Saturday)," the contracts
maturing in April having been mainly covered,*the market fell
off, and on Monday had gone back to'its natural position, with
Middling Uplands at 14Jc. and Middling Texas at 151c. Since then
holders have shown more confidence, and the market lias exhib¬
ited increased strength day by day, the result of the decided
falling
off in the receipts at our ports, together
with a growing belief that
less laud has been put down to cotton this
year in our Southern
States, and in part, also, the result of a disposition on the part of
having cotton to receive under May contracts to insist upon
a delivery rather than a settlement.
Thursday, under these influ¬
ences, and with the sales at Liverpool reported at 18,000 bales,
and an improvement of *d. in prices, there was an advance here
to loic. for Middling Uplands and
lOfc. for ordinary. To-day
there has been a further advance of ^e., and at the advance hold¬
ers have been
very firm, sales have been fair for both export and
consumption, restricted, however, by the limited offerings. For
future delivery the inquiry has been good, and tlio
changes in
prices have, in the main, followed those for spot cotton. Low Mid¬
dling closed to-night at 14£c. for May, 14k;. for June, 141c. for
July, 14£c. for August, and 14|c. for September. The total sales
of this description for the week are 48,004 bales,
including 004
free on board.
For immediate delivery the total sales foot
up
this week 21,330 bales, including 12,245 for
export, 4,598 for con sumption, 1,902 for speculation, and 2,525 in transit. Of the above,
720 bales were to arrive. The following are the
closing quotations:
those
Upland and
Ordinary.
per
Good Ordinary
Low Middling
•
• t
lb.
m
N ew
Florida.
Mobile.
Orleans.
Texas.
10%®....
13%®....
10%®....
11 ©....
13%©....
14%®....
15%®....
16%©....
11%®...
13%®...
14%®...
15%®...
16%®...
13%®....
14%©....
15%®....
16%®....
14%®....
Middling
15%®....
Good Middling
16%®....
Below we give the total sales of cotton aiul
this market each day of the past week :
Tuesday
Wednesday
Thursday
Friday
For
Total
sales.
Ordinary.
2,513
2,509
2,073
3,917
6,131
4,187
10%®....
10%®....
10%®....
10%®....
10%®....
10%®....
Good
Low
Ordinary.
Middling.
12%®....
14
12%©....
14
14
14
12%®....
12%®....
13
f;
i\l
price of Uplands al
@....
":4%©.U
©....
©....
©....
®....
14%©...
13%©...
14%®....
Mhldll g
>
14%©....
14%®..
14%©....
15%®....
15%®....
forward
delivery the sales (including 004 free on board)
have reached during the week 48,004 bales (all low middling or on
the basis of low middling), and the following is a statement of the
sales and prices:
•For
April,
cts.
bales.
14%
14%
200
3,000
3,200 total April.
bales.
Ct8.
l,4oO.
.14%
For
100
For June.
13%
14
200
800
400
14%
200....
6 0
14 3-16
14 1-32
14 1-16
1,500
14%
14%
14%
500
14 7-16
14%
5,000
14%
14%
800
14 5-10
100
14 7-10
300
14%
The sales
bales. rIJie
bales.
cts.
700.,
...J4%
COO.,
1,200
3,000
14%
14%
14%
500
14 9-16
14 1-16
2,100
July.
500
200
14 3-16
00 l
14
000
May.
For
bales.
14,400 total May.
1,800
133
The exports for the week
ending this evening reach a total of
71,037 bales, of which 42,273 were to Great Britain, 0,532 to France
Weekending May 5.
Total last yea**
Saturday
Monday
RECEIPTS
Kec’d this week at—
1275,910 1013,044
57,013
Total this year.,..
Britain France For’gn; Total.
10,20-2
Friday, P. M., May 5,1871.
by special telegrams received
by us to-night from the
Southern ports, we are in possession of the returns showing the
receipts, exports, &c., of cotton for the week ending this evening
May 5. From the figures thus obtained it appears that the
total receipts for the seven
days have reached 51,432 bales against
50,685 bales last week, G3,042 bales the previous week, and 04,156
bales three weeks since,
making the total receipts since the first of
September, 1870, 3,023,373 bales against 2,037,253 bales for the same
period of 18G9-70, showing an increase since September 1 this year
of 98G;120 bales. The details of the
receipts for this week (as per
telegraph) and the corresponding week of 1870 are as follows
RECEIPTS
Virginia
1809.
49.133
COTTON.
V
are
by telegraph.
necessary
RECEIPTS
EXPORTED SINCE 8KPT.1 TO—XT
SINCE SKPT.l.
_______
NorthGreat
I Oilier |
em
PORTS.
02.415
«fccf—
Bark, Peruvian
Blea powders..
Drugs,
more
obtain the detail
accuracy or
1,720,294 4,184.401
....
to-night
than they were at this time a year ago. The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to April 28, the latest mail dates.
We
do not include our telegrams to-night, as we cannot
insure the
otherwise sner.ifleri.i
Same
lime
1870.
Since
JaD. 1,
1871.
week.
For
the
UaliiA, UU93 and
tfiartaouware—
From the foregoing statement it will be seen
that, compared
with the corresponding week of last
season, there is an increase in
the exports this week of 34,812 bales, while the stocks
week, since J anuary 1, 1871, and for the
for the last
this port
567
1,400
1,200..
1,000
12,600 total June.
14%
8,600 total July.
For
August.
14%
14% i
:
100
200
14%
14%
2,390.,
•100.,
.14 11-16
510.,
14%
5,900 total August.
For September.
300
14%
800
14%
800.
14%
410
14%
400
14%
.14%
100....
els.
14%
14 9-32
14 5-1R
2,200 for Septem.
For December.
500
14%
during the week of free on board have reached
particulars of these sales are as below:
100 free on board at Savannah
204 free on board at Baltimore
cOU free on board at Charleston
The following
/...
004
p. t.
p. t.
p. t.
exchanges have been made during the week:
%c. paid to exchange 300 May for 300 September.
%c. paid to exchange 100 May for 100 August.
%c. paid to exchange 200 May for 200 September.
l-16c. paid to exchange 300
5-16c. paid to exchange 200
800 May for 800 June, even
Weather Reports
by
-
May for 300 June.
May for 200 July.
terms.
Telegraph.—Our
telegrams to-night
report unfavorable weather throughout the South during the past
week. Cold rains appear to have prevailed over a large section
of the cotton belt. The most serious complaints come from the
West, our correspondents at Memphis stating tint planting is two
weeks late, and the weather very wet and cold; it has rained'
three
days this week, and is raining to-day, with the thermometer
while at Nashville it has rained two days, and the remain¬
ing days have been cloudy and very cool. There have been three
at 52 ;
rainy days also at Macon, Columbus, Montgomery, Selma, &c.,
vl
M
THE CHRONICLE.
508
It is feared that in some sections replanting may become necessary
as the cold and wet have prevented the seed from coming up.
Galveston the weather has continuad
lias averaged at Galveston 75 ; at
At
favorable. The thermometer
Selma, 69 : at Montgomery, 66 ;
71; at Charleston, 74.
India Cotton Movement.—What is likely to be the total
India movement this year appears still to be a doubtful problem.
There is certainly a manifest disposition to hold back the crop,
present prices not being acceptable; and yet so much cotton has
been raised, the arrivals and total afloat from all India ports is
Mobile^ ;
at
at Macon,
;
at Columbus,
For instance, the following will
largely in excess of last year.
show the arrivals at London and
Liverpool up to April 25, and the
-1871.
Arrivals.
Bombay
> 170,130
f
Kurracliee.. ."
>. 32,535
Madras
Cejdon and Tuticorin... t
( 38,008
Calcutta
From
106,240
1,035
16,090
11,438
39,430
I
Rangoon
-
»
r
Total.
Arrivals.
( 277,405
112,399
A11 oat.
f 60,063
)
78.598
500 \
Total.
85,281 \
3,420 f
15,197 1
f
1
1870.
Afloat.
33,058
201,100
61,131
12,876 f
9,972 (
31,886
....
44,858
f
bales (being now 11,277 bales less than for the sann
period of last year), while the aggregate receipts are 817 bales
more, and the shipments 1,785 bales more than for the rnrr0a
ponding period of 1870.
Visible {Supply of Cotton.—The following table showg tbs
quantity of cotton in sight at this date of each of the two past
the week 1,358
Stock in Liverpool
.bales.
Stock in London
Stock in Glasgow
Stock in Havre
Stock in Marseilles.
Stock in Bremen
Stock rest of Continent
Afloat for Great Britain (American)
Vfloat for France (American and Brazil)...
Afloat for Bremen (American)
Total Indian Cotton afloat for Europe
Stock in United States ports
Stock in inland towns
than last year),
should find
India up to April
in 1869 was,
still by over 100,000 bales. In 1869, however,
from India was 640,000 bales in excess
make a comparison with the totals for
those years, and take the movement thus far as an indication of
the result for this year, we should find that the supply from India
up to this date, larger
the total European supply
of 1870.
If, therefore, we
450
300
30,200
2,400
28,895
45,000
78,800
12,500
14,307
30,000
180,000
73,065
230,000
31,168
76,098
21,018
275,223
178,113
426,941
58,632
353,068
69,909
2,284,400
1,591,625
continued.
European Consumption.—We have received the past week,
from M. Ott-Trumpler, his interesting circular, giving the con'
sumption of cotton in Europe since Oct. 1, 1870, up to April 1,
1871, and the probable consumption for the balance of the yearHis statement for
the half year is as
follows:
Indian.
American.
all Continental
Russia and Spain..
Direct importation to ditto
Export from England to ditto
Stock 1st October in
ports, excluding
Total.
100,000
55.000
222,000
222,000
50,000
263,000
474,000
368,000
26,000
152,000
152,000
98.000
376,000
Or per week, 34,269 bales.
It will be seen that they amount per
Other ports.
Total.
45,000
141,000
29,OoO
200,000
413,000
215,000
1,057,000
1GG,009
342,000
42,000
444,600
173,000
bales.
week to
891,000
34,269
21,60?
Against, for quarter, 1st July to 30th September, 1870
Against nine months, 1st October to 30th June, 1870
34,489
-.
34,811
Against three^easons—1866-1869
In remarking upon these figures, the circular states :
The smallness of deliveries during the months of July to September last is
easily understood. Everybody was frightened, the demand for fabrics was
buy cotton except when in the last extremity.
whereas
than an
present appearance is that from now till the end of
stopped, knd spinners did not
They thus reduced their stock almost to nothing by the Is October;
to-day they may have an average supply, hut probably not more
* * * The
average.
the season the consumption
of Europe, except in case of an
advance in price
including direct imports into Russia and
Spain) at least 92,000 bales per week, which, with a total American crop of
4,100,hOO hales, and with an importation from all other producing countries not
greatly exceeding that of 1869-70, would leave us at the end of September with
intervening, will require (without
of Europe equal at the most to about 30 per cent of the
consumption. This you will not find excessive, when compared with
previous years.
in the ports
Gunny Bags, Bagging, Ac.—The market for cloth and b gs
continues as dull as ever. There has been nothing done since out¬
last report.
As this is the between seasons
no
actual consumptive demand. Besides there have been consider¬
able lots of wheat sacks imported and although they are less
durable than Gunnies they sell at such a low price there is an
period, there is
1.092C
increase in the cotton in sight to nigl^
692,775 bales compared with the same date of 1870.
Below we give our usual table of exports from New York tor
These figures indicate an
of
the week
:
'
Exports ot Cotton (bales) from New
York since Sept.1,1870
’
WEEK ENDING
April
April
15.
8.
April
April
22.
29.
j 15,282
16,502
22,340
1.435
64
15,282
17,937
22,404
Total to (it. Britain
80
*400
12,691
522,961
245,257
3,277
17,345
400
3
3,677
17,348
20,229
34,708
6,648
17.199
m
21,371
4,460
113
48,248
56,867
493
100
Hamburg
Other ports..'.
1,242
3*300
Total to N. Europe.
2,898
3,65)
,
510,845" 244,293
964
12,116
....
842
350
l,55i
Bremen and Ilanover
12,691
400
80
prev.
year.
date.
493
ports
Total Frenclt
842
2,363
Spain, Oporto& Gibraltf
::::
All others
Spain, Ac..
|
....
Grand Total....
!
18,260
Total
time
to
Other British Ports
Havre
Other French
Same
Total
EXPORTED TO
of 1870.
certain that the proportionate
Yet, of course, it is by no means
increase thus far maintained will be
animal
that of
85,395
Total
reach about 400,000 bales in excess
during 1871 would
stock
1870.
540,000
40,545
& L'pool
continent (about 60,000 bales more
we
that the total excess this year of shipments from
25 was about 170,000 bales.
But notwithstanding this increase, the movement
a
1871.
994,000
seasons:
307,089
180,343 126,746
241,333 174,733 416,066
We have here an increase in the supply for Liverpool and Lon¬
don of 108,977 bales, and if we were to add the figures for the
Tot. London
6,1871<
....
....
.....
....
....
....
21,987
23,246
13,297
’
763
*1,809
3,126
1,809
578,012
320,781
The following are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the last week, and since Sept. 1,1869:
Philadelphia!
NEW YOIIK.
BOSTON*
Since
This 1
week. 1 Sept. 1.
week. Sept 1.
RECEIPT 8 FiXOM-
116,351
31,005
1.847;
5881
551!
127,597
57,440
Virginia
2,745;
759 i
185,702
Tennessee, &c..
Foreign
Total this year
Total last year..
Since
1
New Orleans...
Texas
Savannah
Mobile, .a
Florida
South Corolina.
North Carolina.
NorthTn Ports..
This
805
362 i
10
950
6,264 ]
....!
171,108
867
806
426
..
1:34
9
13,620,
•
...J
128
16
895
12,254
1,721
220,216
245
3,947
76,764
15,058
185
•
.
13,827
438
•
•
22
620
49,588]
Scptl.
4,861
10.052
35,978 i
7,611
Since
This
week.
Since
Sept 1.
3,265 33,113
10.025
1,549
....
This
week.
1
BALTIMORE.
...
476
205
9
401
42
763
7(550
4,820
69
13,457
....
.
•
•
12,10T
5,352
51,100
246
30,582
....
....
1
1
14,881
j 933,247
17,050!
605,364
7,943 232,946
632| 44,377
1,429 114,073
2,370]l84,591 |
8191
1,111 82,718
42,145
object in buying them. No improvement is anticipated imme¬
Shipping News.—The exports of cotton from the United States
diately and prices are merely nominal. We quote cloth, 18@18-.Vc. the
as per latest mail returns, have reached 86,267
for India and 19@20c. for Domestic Rolls.
Bags are quoted 1575 bales.pastSoweek,
far as the Southern ports are concerned, these are the
15£c. Manila Ilemp has been rather quiet, but the advance is same
exports reported by telegraph, and published in TiieChron
maintained and the tendency is still upward. At the close lie. is
icle hist Friday, except Galveston, and the figures for that port
said to have been bid and refused.
The sales are 2,000 bales here
are the exports for two weeks back.
With regard to New lork,
at 104c., gold, and 200 bales in Boston per “ White Swallow ” at
we include the manifests up to last Saturday night:
lOgc. In other kinds we only hear of 549 bales Sisal on private
Total bale?.
terms.
Jute is dull, no business being reported. The price is firm
New Yoiik—To Liverpool, per steamers Minnesota, 3,310 — China, 1,098
at 61c.; Jute Butts have ruled quiet owing to the firmness of
Virginia, 2,012
Batavia, 923
Helvetia, 2,512....City of
London, 800
per ship Princeton, 2,036...
holders, but at the close paper manufacturers have had to pay the
To Continent via Glasgow, per steamer Enropa, 65
^
prices demanded by holders and we note the sale of 500 bales on
To Havre, per steamer Pereire, 493
4^j
To
spot at 4£c., cash.
Antwerp, per bark Fresh Breeze, 48
;,♦*
48
New Orleans—To Liverpool, per ships Win. M. Reed, 4,030....Vir¬
; Movements of Cotton at tiie Interior Ports.—Below we
ginia, 3,447
.Lady Cartier, 2,349.. e .#swego, 2,804—Maid of
give the movements of cotton at the interior ports—receipts and
Jamestown, 5,618 — per
Orleans, 2,729.... Eastern Light, 3,870
bark Agineourt, 1,163
per brig Formica, 244
•
shipments for the week, and stock to-night and for the correspond¬
To Cork for orders; per bark Agair, 1,288
h*88
ing week of 1870:
To Havre, per steamer Atlas, 2,509
per ships Armstrong, 2,610—
-Week ending May 5, 1871.r-Week ending May 5, 1870.
Idaho, 3,786
Receipts. Shipments Stock. Receipts. Shipments. Stock.
To Bremen, per harks Deborah, 2,301
Memento, 1,382
prxx
928
16,024
To Amsterdam, per bark J. S. Winslow, 1,520
1,283
1,273
2,415 17,430
Augusta
To Barcelona, per barks Jaruco, 1,293
Aquedita, 1,196 — per brigs
498
456
886
9,398
1.417
Columbus
5,635
109
A™*
570
Eva,
580....Carolina,
893
179
9,482
4,461
1,164
1,045
Macon
To Venice, per brig Fruttajolo, 570
502
471
346
421
6,870
To
5,214
1,311
Cadiz, per bark Concertina, 502
••••
Montgomery....
To Vera Cruz, per steamer Tobasco, 476
216
per brig Hope, 420 and 2287
478
907
473
4,813
2,384
Selma
half do
17,107
3,811
5.417
19,000
4,832
5,139
Memphis*. ...
Savannah—To Liverpool, per ships Fredericks, 813 Upland — Peter
806
6,215
1,342
2,022
4,498
1,241
Nashville
Maxwell, 3,856 Upland and 103 Sea Island
Theobold, 2,909 Ip- 9,708
land and 66 Sea Island
per hark Jerome Jones, 1979 Upland... 3,200
To Cronstadt, per ship Arracan, 3,200 Upland....375
12,559 58,632
7,950 10,774 69,909
8,767
To Barcelona, per brig Columbus, 375 Upland
•_ v
*A recount of stock at Memphis to-day has increased the stock 5,240 bales
Texas—To Liverpool, per ship Coldstream, 2,360
per barks Elgira,
over the running count.
E. Jayne, 2,283... Olive Mount, 1,648....Wanderer,
per brig M, L. Miller, 985
These totals show that the interior stocks have increased during
(
THE
1871.]
May 6,
569
CHRONICLE.
o
SmAMo, m
BoSTON-ToLiV?n>oof, per steamer Tatifa, 905
35?
,,
are as
New York..
N.
Orleans.
Savannah
..
Texas
pool.
Cork.
12,091
26,2;>4
9,708
9,597
....
•
3,683
8,905
1,288
—
....
wl
90.)
Baltimore..
Boston
80,2(57
Cron- Anister-BarceIona Venice. Total.
dam.
stadt..
BreHavre, men.
493
Liver¬
•••
.
.
.
3,200
570
3,169
375
....
....
1,063
....
13,297
46,798
13,283
10,660
1,324
....
....
.
1,520
....
....
353
....
....
....
....
905
,...
• •• •
86,267
570
3,544
1,288 9,398 4,036 3,200 2,583
included in the above totals are from New York 65 bales to Continent via
Glasgow and 48 bales to Antwerp ; from New Orleans, 502 bales to Cadiz, and
907 bales to Vera Cruz.
60,120
Total....
Freights.—Gold has fluctuated the
Exchange and
Gold
past
111 and 1111, and the close was 111|. Foreign
market is strong. The following were the last quota¬
week between
Exchange
London bankers*, long, 110@110i ; short, 110£5110$, and
Commercial, 109£@109£. Freights closed at ±d. by steam and
id. by sail to Liverpool.
By Telegraph from Liverpool.—
Liverpool May 5, 4-30 P. M.—The market opened dull aud closed quiet,
with «ales of the day footing up 12,000 bales, or which 3,000 bales wore taken
for export and speculation. The sales of the week have been 82,000 bales, of
tions-
which 17,000
export and 11,COO bales on speculation.
bales were taken for
The stock in port
The 6tock of cotton
bales are.American.
is 994,000 bales, of which 607,000 bales are American.
at sea bound to this port is 400,000 bales, of which 230,000
Total sales
Sales for export
Sales on speculation
Total stock
Stock of American..
Total afloat
American afloat
The following
April 14.
April 21.
51,000
47,000
8,000
2,000
751,000
7,000
9514.'000
951,000
562,000
416.000
267,000
510,000
320,000
607,000
400.000
230,000
closing prices of cotton for the week:
table will show the daily
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
15,000
8,000
27,000
813,000
479,000
417,000
556,000
370,000
May 5.
82,000
17,000
11.000
April 28.
81,000
...@7# VtmX Vi%VA 7#©7%
Orleans
©7# ...@?^
7%©7# Vi@V&
Up. toarrive. ..©
@
©
©
@
©...
Trade Report.—The market for yarns and fabrics at Manchester is dull.
Price Mid.
“
...©7>J
Uplands.
“
.
Markets.—In reference to
writing under the
Indian Cotton
■European and
these markets our correspondent in London,
date of April 22, states:
Liverpool, April 22.—The following are the
cotton compared with those of last year:
prises of American
/—Same date 1870—,
Mid. Fair. Good.
r-Fair &
r—©rd .& Mid—%
Sea Island
Stained
g’d fair—, /—G’d&fair—>
Mobile
6
N.Orleans&Texas
6jg
0M
6,5«
7
7*
Vi
7
Vi
Taken
on spec,
1871,
1870,
to this date--,
1869,
M.F
ux
n%
nx
11 %
nx
12X
the transactions on specula¬
Actual
/—Actual exp. from
Liv., Hull & other exp’tfrom
U.K. in
ontports to date—,
1870.
1870,
1871,
hales.
hales.
hales.
bales.
hales.
75,690
161,791
300
6.020
26,814
15,182
1,200
3,090
61,900
142,700
48,050
.
3,700
4,000
1,010
730
300
E. Indian..
23,510
57,420
156,400
74,45)
143,860
Total
G.Mid.
bales.
W. Indian..
Egyptian
tiX
11 7-16
30
30
45,930
78,220
13,560
10,430
American...
Brazilian...
8
II,1*'
11X
8
7?#
7->8
Vi
Since the commencement of the year
tion and for export have been :
r-
Mid.
Mid. G.Mid. M.F.
Old. G.Ord.L. Mid.
6
6X
6 15-16
Uplands
25
22
22
19
17
45
30
36
32
23
28
21
23
18
13
The following statement
for the week and year, and
16,001
3,952
39 7
97,187
658,4:30
108,186
219,328
258,910
7,900
shows the sales aud imports of cotton
also the stocks on hand on Thursday
SALES, ETC., OF ALL DESCRIPTIONS.
Same
Total
Sales this week.this
Ex- Speculaperiod
1870.
tion. Total.
Trade. port.
year.
12,340 3,870 71,140 1,140,840 1,041,670 53,590
Stocks.—
-Imports.Same
47,0.50
2,580
3,840
70
20
20
180
East Indian
6,550
Total
54,930
1870.
24,350
5,700
4,070
5,420
Brazilian
1871.
483,000 36,230
3,440
62,620 118,5 0
3,880
52,830
67,240
1,070
15,6:50
18,560
8,970
277,480 359,160
American., bales. 38,810
Egyptian
3,730
West Indian, &c. 2.00)
Average
weekly sales.
6,810
100
46,810
4,010
3,890
2,023
l’oio 14,370
713,870
820
This
week.
American...
135,544 1,198,941
To this
date
1870.
Total.
1870.
This
day.
629,371
1,655,991
126,404
569,850
111,820
89,400
35,780
116,740
923,590
153,218
114,178
30,903
175,579
138,881
390,564
191,737
84,720
902,139
177 231 1 ,674,265
994,306
3,252,282
23,463
1,446
W. Indian, &c.
1,786
East Indian... 14,835
Total...,
To this
date
1871.
70.058
16,029
,
was
46,010
28,150
45,230
39,760
6,820
94,040
20,550
180,550
483,730
378,720
Imports, January
1 to April 20
Deliveries...
Stocks, April 20 .'.V‘ ' * ‘ *'
1869.
bales.
1870.
bales.
1871.
bales.
97,523
43,710
125,409
40,545
76,369
58,797
85,395
158,650
84,102
be^EXANDRIA> April 8.—The shipments since November 1 have
39.289
137,031
36,037
$1 48@1 50 for New Spring
and $1 52 for Amber Winter ; hut
by
decline
favored
a
of 2d. in ocean freights, and
of last week’s decline at Liverpool, prices are fully 8c.
afloat, $1 45 to arrive by canal
since that event,
recovery
a
higher. Receipts have been liberal by rail, but they were sold
previous to arrival, aud had freight engaged for them. To day
the first boatload of No. 2 Spring, through by canal from Oswego,
sold to a city miller for $1 574, and Amber Winter brought $1 GO
hut the tone of the market is very unsettled.
Corn advanced 5c. on the combined influence of the interrup¬
tion of caual navigation, an advance abroad, and a decline in ocean
freights, closing quiet, at 80@81c. for Western mixed ; other
descriptions being nearly nominal. Rye is very unsettled. Barley
has been closing out at $1 10@1 12 for prime Canada Wests. Two
loads of Canada Peas sold to arrive at $1 10, free, equal to aLont
90c, gold in bond. Oats have been firm, but with only a moderate
trade—prime Western sold to-da) at G4c. in store.
The following are the closing quotations:
Wheat, Spring, bush
$1 40© 1 58
FlourRed Winter
@
Superfine
$ bbl. $5 50© 6 00
Amber do
1 58© 1
—
Extra State
Extra
Western,
6 10© 6 31
1 60© 1 90
White
1 70© 1 80
C 10© 6 40 White California
Corn, Western Mix’d,....
79© 81
Extra and double extra
82©
Western & St. Louis..
G 50© 8 50 Yellow, new
White
80@
85
Southern shipp’g extras.
6 75© 7 15
Rye
v..
1 00® 1 18
Southern,
trade and
69
64©
family brands
7 50© 9 00 Oats
Barley
85©
1
14
Flour,
&
extra
5
10
Rye
super
00© 6
Malt
90© 1 15
Corn Meal, Western and
1 05© 1 3 0
3 70© 4 30 Peas, Canada....
Southern
The movement in breadstuff's at this market has been as follows
com¬
.
mon
...
-RECEIPTS
EXPORTS FROM NEW YORK.
AT NEW YORK.
Same
.
1871.
For the
Since time Jan.
1, 1870.
week.
Jan. 1.
-1870.
1871.
Since
Jan. 1.
,
,
Since
For the
week.
Jan. 1
week.
.
32,766
639,381
43.806
533,756
851,631
28,428
4,242
38,511
2,866
122,422
2,012,941 214,309 3,246,601 411,245 3,559,373
110,704
1,554
614,813 142,559 1,605 074
9,910
17,348
....
6,709
9,900
77,902
....
9
685,285
Barley,&c 44
2,550
283,923
15,241
440
10,71
5
815,878
Oats
44 134,120
972,769
The
Chronicle
by Mr. E.
The following tables, prepared for
Exchange, show the Grain
H. Walker, of the New York Produce
Prc
Flour, bbls.. 61.197
960,149
C. meal,
2,4045
85,058
Wheat, hush 179,883 1,346,307
Corn,
41 121,516 3,788,396
Rye,
44 5,677
7,659
....
in
Breadstuff's to the latest mail dates :
sight and the movement of
lake and river ports
receipts at
april
(196 lbs.) (60 lbs )
....
Milwaukee
Toledo
Detroit....
Cleveland
St. Louis
tDuluth
206,716
270,568
89,191
38,494
31,561
...
20,244
18,646
15,906
5.800t
20,111
.
30,100
61,215
Correspond^ week, ’70.
44
507,109
98,941
407,713
’69. 119,530
’68. 106,967
’67
70,563
44
44
587,369
202,406
.
*No
report yet.
Corn.
bush.
Oats.
bush.
Barley. Rye,
bush. bush.
(56 lbs.) (32 lb°.) (48
832,068
6,761
249,568
8,707
13,150
199,843
696,284 1,310,097
673,166 1,279,080
112.271
114,204
Totals
Previous week
for tiie week ending
29, 1871.
Wheat.
bush.
Flour,
bbls.
Of the present
stock of cotton in Liverpool 61.75 per cent
is American
against 60 per cent last year. Of Indian cotton the
proportion is 12.75 per cent, against 19.50 per cent.
London, April 22.—A fair business has been transacted in cotton
on the
spot, at late rates; but for produce to arrive |d. per lb. less
poney has been accepted. The following are the particulars of
imports, deliveries and stocks :
119,354
not much done.
Wheat sold before the break at
Chicago
date
Dec. 31,
1870.
1870.
291.630
109,710
187,827
152,318
158,643
173,668
42,648
36,010
j^Tlie markets for flour and grain the past week have been wholly
unsettled by a serious break in the Erie Canal, which occurred on
Sunday night last, near Fairport, about four days’ towing east of
Buffalo, and nine days from New York. The break is estimated
to require at least two weeks to repair but the work has been
delayed by severe rains, and yesterday a “ strike” occurred among
the laborers employed upon it, so that it will be nearly the 1st of
June before any supplies can he received except such as come to us
from the Oswego branch of the Canal and by rail from Buffalo.
Flour has slightly improved. The receipts have been small, and
stocks are light, but buyers do not operate beyond their immedi¬
ate wants.
The most considerable business has been about 0,000
bbls. old and low extras for London at $6 10@G 20.
It is consid¬
ered somewhat remarkable that while Hour has declined 50c. per
bbl. in the last month, wheat is little, if any, lower.
At today’s
market holders were disposed to ask an advance, but it could not
he readily obtained, and with a severe rain storm prevailing there
12,110
,
-
•
bales.
BREADSTUF FS.
Friday P. M., May 5, 1871.
12,480
447,300
evening last:
»
“
shipments, arranged in our usual form
particulars of these
follows:
1868-9
1867-8
-
'•*•••
145.179
116 308
to April 6,1871
period 1869-70
“
Total....
The
From Nov. 1, 1870,
Same
bales.
•
„
Total
Great Britain. Continent.
bales.
1,063
636,701
536,898
713,301
1,137,206
lbs ) (66 Hp.
4,769
2,912
143,986
5,186
88,043
16,830
30,686
16,600
82,907
4,626
1,700
23,204
4,962
367,408
378,422
49,567
46,642
12,643
35,553
264,654
250,854
170,576
26,732 19,435
10,022 11,105
20,142 21,072
264,916
2.879
328
49,290 16,653
•
X Estimated.
Comparative Aggregate
same
ports from Jan.
Receipts of Flour end Grain at the
1 to April 29, inclusive, for 1869.
four years. 1868.
---
1871.
,.
Wheat, bush.
Corn, bush...
Oats, bush...
.
.
Barley, hush.
Rye, bush....
.
-—
1870.
J—
1,226,450
4,166,237
1,331,441
1,563,314
2,010,020
6,995,619
11,197,047
3,461,667
629,232
331,454
6,751,652
5,748,078
2,700,493
6,891,055
9,504,342
3,269,623
654,086
242,294
466,923
481,202
9,896.933
2,917,597
404,253
188,431
22,615,019
16,096,603
20,613,145
17,573,454
THE CHRONICLE.
570
Shipments
Flour
of
and
Grain
from
Chicago, Milwaukee
Duluth, St. Louis, Toledo and Cleveland for the week ending
April 29,1871:
Flour,
bbls.
Wheat,
hush.
Oats,
Barley,
bush.
bueh.
bush
231,908
388,530
152,806
188,058
20,657
24,109
36,451
8,363
11,512
20,888
Weekending April29,’71.117,132 1,076,204
877,253
ending April 22, ‘71.108,240 1,257 877 949,280
Weekending April 30,’70 60,033 855,430 305,154
Week ending April 30,’69.109,649 1,078,022 1,094,410
Week
.
Shipments from the
Comparative
April 29, inclusive, for four
Wheat
bush.
Corn
Oats
1870.
1,053,258
1,524,937
5,295,629
4,539,456
2,758,548
819,641
221,942
106,331
3,527,582
4,871.359
1,536,671
261,629
413,200
302,433
111,955
15,816,152
OF
FLOUR
At
New York
Boston
Montreal
Baltimore
New Orleans
***
.
Total
Previous week
Week
Week
.
'
Wheat,
Corn,
Oats,
Rye.
bb’s.
bush.
138.083
bush.
Barley,
bush.
bush.
bush.
30,277
26,794
14,700
16,843
29,422
5,400
225,292
.187,941
.152,018
434,775
211,965
243,804
227,146
199,763
47,000
19,000
....
.
169,302
131,315
25,848
89,300
45,500
129,318
130,675
590,589
746,168
861,776
G99,544
719,077
58,283
2,176
3,200
500
1.600
70,200
12,500
31,980
6,000
304,138
314,495
252,857
12,976
14,375
178.852
179,939
500
156
150
3,000
....
....
3,806
1,200
1,851
24,390
50,258
"51,591
700
1,200
Wheat,
Corn,
bush.
bush.
2,088,330
2,875,319
7,4)3,896
“
“
“
“
300 mats.
2,112 bags.
9,033,934
25,797.196
24,412347
The indirect importations, including receipts by Pacific Mail steamersvia
Aspinwall, have been 9,867 pkgs. since January 1, against 26,643 last year. The
receipts of Tea overland by railroad have this week amounted to 2,655 pkgs
COFFEE.
Except to note
a continued dull tone and the disappearance of even the
few favorable indications of last week, the market really presents no inter¬
313,103
12,885
31,397
167,439
1,096
with trade here.
interior, and this distribution'has undoubtedly interfered to some extent
Java lias remained comparatively steady, with a fair busi"
ness from second hands, and reports prevail that a few invoices of Singapore
have sold to arrive. West India styles have been in larger supply and under
recent negotiation, but sellers on the-whole were as anxious an buyers, and the
tendency of prices rather toward a lower range.
Sales of 4,966 bags Rio,
to the
384.236
48,778
•
April 15.
April 15.
•
•
96,143
32,015
18,597
24,939.
131,711
45,742
17,100
38,000
40,000
153,035
5,246
•
123,238
250,299
85,000
80,000
130,331
13,200
55,000
45,000
131,928
95.898
945,973
745,325
136,010
4,000,646 2,017,204
3,857,865 2,251,053
1,354,972 1,554,032
3,450,053 1,936,034
3,979,723 1,983.029
-
900
30,597
1,615
22,079
65,129
15,000
20,657
....
410,183
469,223
322,397
527,647
725,376
3,300 bags Maracaibo, 900 bags Laguayra, 400 bags Costa Rica, 123 bags Java,
bags Jamaica. At Hampton Roads, to go to Baltimore, 3,500 bags Rio, at
Baltimore, 10,882 bags Rio, and at New Orleans, 9,500 bags Itio.
Imports this week have included 6,610 bags Ceylon coffee per “Syringa:"
163 do St. Domingo per “ Isaac Oliver
6,936 do Maracaibo per “ Allemania'’
and “M. B. Nickerson,” and 2,500 do Laguayra per “A. B. Patterson.”
The stock of Kio May 4, ana the imports since Jan. 1, 1871, are as follows
784
New
in Bags.
Stock
Same date 1871’
Phila-
Balti*
New
Savan. &
Lat¬
delpbia. more. Orleans. Mobile, veston.
4,900
29,994
8,9»R
HOW
2,500
21,801
11,427
4,000
3,000
228,010
101,05
38
Imports
14,805
19’..«G3
(P9
5 500
“
in 1370
202,477
155,28 6
70,827
17,:'02
3,045
Of other sorts the stock at New York, May 4, and the imports at the
ports since January 1,1871, were a? follows:
Total.
55.382
40,778
58*:,6G2
418,937
York,
43,788
...
....
....
r-New York-.
Evening, May 5, 1871.
:
Laguayra
..
Other
Sugar, Cuba..
fill bi.gs.
4,719 bigs.
2,323 bx'es.
Cuba
Porto Rico
Other
1.867 hhds.
476 hhds.
1,617 hhds.
*Hhds.
m
Sugar, Brazil.
Manila, &c..
M’las’es.Cuba
Port
* Rico.
Demeraua..
350 bags.
9,837 bags.
2,529 lihds.
1,220 hhds.
38 hhds.
Other.......
1S6 hhds.
ude bbls. and tcs. reduced
Stocks In F ew York
at date. '
1371.
1870.
11.255,840
341,305
114,040
Imports this week at this port have included 6,610 hags of Cey¬
1G,753 do. of Maracaibo do., 2,126 do. of St. Domingo
do., and 827 do. of sundry kinds. The receipts of sugar are 6,288
boxes, 6,564 hhds. and 1,100 bags. Of Molasses 2,946 hhds. have
arrived.
Iu Tea the arrivals embrace 143,344 lbs. of Black and
7,960 do. of Green.
The stocks in New York at date, anc. imports at the five leading
ports since Jan. 1, 1871, are as follows :
(indirect import)
Coffee, Rio
11,098,553
10,148 275
Total.
3,353
lon Coffee,
Tea
Tea
'
Japan.
4.393,081
4,240,360
46,568
single exception of Coffee the various goods covered
by this review have retained the tone of firmness noted in our last,
while in some cases the feeling has improved, and on Sugars some
speculation was developed. The distribution to the interior has
not altogether met the expectations of the Trade, but still the
movement is in proportion to that of all other goods, and the pros¬
pects favor an increase rather than a falling off. The caution of
buyers continues and as before few are taking invoices likely to
exceed their early wants, but this very cause insures greater
safety to the seller, and with comparatively small stocks accumu¬
lated and not many additions expected holders as a rule speak
hopefully of the future.
Tbs entries direct lor consumption, and the withdrawals from
bond., showing together th^ total thrown on the market for the
Java
Maracaibo..
Green.
12,052
25.100
With the
follows
1871
1870
Black.
129,639
Boston, Philadelphia, Baltimore, Duluth and Albany
8.721 pkgs.
Grec.i
11,126 pkgs.
Japan
2.960 p'igs.
Various
6,721 pkgs.
Coffee Rio.... 4,8 i2 bags.
table shows the Imports of Tea into the United States (not
340,000
437,861
Friday
were as
The following
including San Francisco), from January 1 to date, in 1871 and U70:
596.500
bush.
GROCERIES.
weel(,
“Maori,”
Ser
tong
Kong. from Whampoa, and 36,400 bbls of black per “Competitor^’from
1
n
1,386,599
April 22,’71. 7,085,436
tApril 30,’70. 6,700,433
April 15,’71.. 7,433,221
April 8 ’71.. 8,509,332
Tea,black....
very
pretty steady feeling for desirable goods.
1,561,937
1,240,235
bush.
42,324
♦Estimated.
t Toronto. Montreal,
not included.
fair amount of stock has again changed hands, and the market retains
Indeed, on the best lots there is
if anything, greater firmness and quite a number of holders have
commenced
withdrawing samples in anticipation of an early increase of valueB as the
amount taken during the present month have reduced the stock
considerably
a great many of the sales made never having appeared in
print. *. Greens stil'
appear to be the favorites, and good chops are quite, difficult to
find, while
with some odd competing parcels now out of the way, Oolongs are
looked upon
with confidence, and Japans are said to be no worse than simply dull.
Jobbers
are hardly distributing to the extent of their purchases, but feel
justified in
preparing for a better consumptive call. Sales of 10,800 pkgs Greens, 9 200
Oolongs, and 5,500 Japans.
The imports this week include 106,9-14 bbls of black, and 7,960 do of green
a
a
1,189,621
transitAprl 29,’71. 6,995,680
“
152,314
TEA
68,018
27,000
388,787
12,000
Rail shipments for week...
Water shipments for week
“
119,869
173,819
477,620
39,000
store at New York.
“
228^7
151,353
323,937
8,000
Rye,
bueh.
including stocks in store at
April 29, 1871:
Wheat.
bush.
“
197,013
164,480
216,500
815,083
Barley.
Barley,
2,474,671
397,125
bushels.. 13,193,335
The Visible Supply of Grain,
the principal points of accumulation,
Total in store and in
96,807
87,410
338,06.9
16,814
Oats.
hush.
Oats,
bueh.
Total Grain
store at Albany
store at Bullalo
store at Chicago....
store at. Milwaukee
store at Duluth
In store at Toledo
In store at Detroit
In store at Oswego....
In store at St. Louis...
In store at Boston
In store at Toronto
In store at Montreal
*In store at Philadelphia..
♦In store at Baltimore
Sugar
Molasses
16,722
Corn.
hush.
April 29:
bbls.
50,222
53,472
40,501
338,063
6.774
Coffee, other
Sugar
Sugar
esting features not already set forth in this column. Interior buyers seem as
far from operating with freedom as at any time within the past five or six
weeks, and with simply no outlet for their supplies, holders are obliged to
make the best of the position and await quietly an increase of the demand
whenever it may develop itself.
Neither prices or assortments are objection
able to jobbers and the trade generally, the whole trouble laying in the caution
of small dealers and consumers who appear determined to take absolutely
nothing for which they have no immediate use. Brazils have not varied in
price here to any extent, as figures are already too low to admit of a margin
for profit, and all the recent concessions resulted merely in temporary activity)
and the stocks are comparatively small. A number of holders, however, arenot
unwilling to realize, and a liberal buyer could in all probability operateon easier
terms than quoted figures represent. At the outports there has been a very
good business, owing to the attraction of low prices and cheap freight charges
excepting New Orleans, from Jan. 1
Flour,
In
In
In
In
In
In
.
PORTS FOR THE
Flour.
ending April 15. .160,643
ending April 8.. 120,6.84
Week ending April 1.. .124,662
Receipts at the same ports,
to
1
10,610,441
29, 1871.
ENDING APRIL
69,968
Philadelphia
8,444,918
AND GRAIN AT SEABOARD
WEEK
1868-
1869.
1,065,759
Barley
Rye
Total
5,252
years.
8,692,789
1,410,346
RECEIPTS
17,306
ports from Jan. 1 to
same
1871.
Flour
Rye,
Corn,
bush.
(May 6,1871,
lbs.
pkgs.
bags.
43,733
Imports at leading ports
since January 1.
1871.
1870.
25,797,196
9,867
21,801
586,662
21,112,817
26,643
448,937
In bags
Java and
Singapore
Ceylon
Boston
stock, import, import,
74
*26,664 *40,801
9,280
6,6 0
N. Orle’s
Pliiladel. Balt.
import, import, import.
*1,962
Maracaibo
16,294
21,842
....
Laguayra
8,715
853
15,006
13 807
33,154
82,056
4,182
512
714
1,265
50,‘222
131,733
45.523
8.277
1,265
7 210
16,722
109,657
31,377
3,V5J
3,218
119
St. Domingo
Other
Total..:
Same time, 1870
*
....
several
...
.
£2
££
e-c.
S«
....
.
5,‘0l
.
-;J':
6 977
sS
o*
Htf
197.(13
151,*>8
Includes mats, &c., reduced to bags.
SUGAR.
regular source? has boon fair, grocers wanting
nearly every -day, and refiners, though taking only such quantities
as they could use at once, finding their production going out with such rapidity
as to necessitate increased purchases.
This, with small stocks, was of itself
an influence to hold the market steady, hut the speculative feeling noted at
the close of our last report becoming more decided, values were increased on
desirable grades. We find a great many of the trade, however, who, while
considering the position on raw sugars as strong, and not likely to sutler any
decided reaction, have serious doubts as to a material improvement being
established either by force of speculative combinations or from purely legiti¬
mate causes.
All other groceries are low, it is claimed, and sugars must be
kept in proportion to insure a steady7 consumption, while the caution whic
has so long characterized the movements of all buyers is likely to prevent free
purchases beyond known wants. On the part of those who look for an advance
they claim, as a basis of their opinion, the reduced crop of Cuba, and the
buoyant tone of the markets on that island, and the probability of our interior
buyers being compelled to handle supplies freely at an early day. The crevasse
in the bank of the Mississippi and tlie injury to the domestic crop, together
with indications of an immense fruit crop, have also been put forward as
strengthening influences. Refined have continued in quick demand, and
everything made was readily sold.at full and advancing figures, with reports of
a few export orders and a speculative feeling developed here, as well as on
Raw Powdered, and choice white A have sold best for consumption. The
transactions in Raws embrace 8,188 hhds. Cuba, 800 hhds. Porto Rico, 920 hhds.
Demerara, 270 hhds. Martinique, 250 hhds. Barbadoes, 7,651 boxes Havana, 50
baskets Batavia, 350 bags Brazil, 9,837 bags Manila, and 937 hhds. Melado.
Imports at New York, and stock in first hands, Mdy .4, were- as follows:
The demand for raws from
a
little stock
May
THE CHRONICLE.
6,1871.]
Cuba,
Cuba,
•hhds.
bxs.
4,873
week.. . 6.288
since Jan. 1 03.922
same time, 70 102,695
Btock in first hands.. 53.472
Imports this
79.259
110,477
•«
6,me
time mo.......
Other
•hhds.
450
P. RICO,
•hhds.
967
19,578
9,659
6,788
11,073
Brazil,Manila,&c,Melado
bags.
bags.
1,100
24.062
168*139
50,594
147,532
hhds.
244
24,921
8,681
for this
1.927
21,964
714
following shows the quantity of Sugar
last advices, and which has not yet arrived:
past few weeks, and
their wants whenever
anything suitable offers. No market value can be placed on the ordinary
ades for the present, as they are entirely neglected, and current arrivals all
to into store for want of an outlet. Domestic has been in fair demand for
choice grades, and the stock of these is gradually working down at full prices,
hut common sorts are still plenty and quite irregular. Syrups are firmer and
in very good demand, especially qualities ranging from 45c. up to 60c. per
gallon. Sugar House Molasses is a little more active and values stiffening,
to have gained mncli confidence within the
great hesitation in securing stock ahead of
both appear
in barrels. Sales during the week of
Rico, 75 hhds. English Island, and
closing at about 18c.'in hhds. and 22c.
hhds. Cuba Muscovado, 855 hhds. Porto
680 bbls. New Orleans.
The receipts at New York, and stock in first
Imports this
week
same
time 1870
Stock••in first “hands
same
“
“
same
time ’70
time ’69
hands,
May 4, were
as follows:
N. O.
Other
P. Rico,
Demerara,
1,518
1,392
7,697
8.330
5,241
1,110
1,713
16,814
13,475
1,255
2,561
209
B02tes.
Philadelphia...
1870.
103.922
107,541
15,810
13,784
15,935
16,253
18,531
19,236
11,723
Baltimore
New Orleans...
»
1871.
161,430
,
*H1 ids.
1870.
1871.
123,212
27.494
133,852
32,571
21,295
37,514
27,678
82,836
15,289
1,985
1,710
173,819
216,500
228,597
•Including tierces and
,
*
3',281
35*280
1,52 i
10,014
423
4,100
1,382
3,252
1*200
the leading ports
-Molasses.
Ba gs.
,
1871.
1870.
1871.
193.301
49,687
56,624
15,471
199,476
92,958
50,344
17,379
39,361
....
315,083
26,118
20,896
....
339,318
hds.
1870.
12 406
376
61,29£
27,9! 1
43.67C
14,811
4,623
119,869
152,314
'
barrels reduced to hhds.
SPICES.
There has been
Jan.
Jan.
Jan.
Jan.
no'unusual activity, but still there is more doing, and the
general tone of the market is better. For some time past jobbers have been
distributing in small lots to a very fair extent, and now commence to find
assortments broken up somewhat, and desire to replace, with one or two indi
cations of a slight speculative feeling. The amount of goods in first hands is
not large, and is under very fair control, and the previous slack tone being
merely the result of the extreme dulness rather than of any loss of confidence
ou the part of holders ; a very slight influence serves to stimulate the position
at once. An attempt was made to buy up the supply of Nutmegs and Mace,
but holders, with everything already pretty well concentrated, refused to
entertain bids, and not much was accomplished. Sales have been made of
about 5,000 mats Cassia, 2,000 bags Pimento, 100 cases Mace, 200 do Nutmeg
500 bales Cloves, and 1,000 bags Pepper.
FRUITS. Ac.
quiet for layer Raisins, and, with continued
free arrivals, prices have further declined.
Sales in a jobbing way at $2 55,
and full lots can be had at $2 50. Even at the decline the trade do not seem
willing to buy, except in a few instances, more than they need to supply their
almost daily wants. Prunes, at the concession, have sold fairly and are
rather more steady, hut still holders are free sellers, and a fair business is
going on, largely in French. Currants are still meeting with a moderate
demand, and owing to their comparative cheapness, sell to a considerable
extent for export.
Sardines are more inquired for, but buyers want to have
lower prices named, which as yet sellers have been unwilling to do ; very few
sales have been made in consequence. Nuts have sold freely, but generally at
easier prices. At the close, Brazils are held at 7.%c, hut less would undoubt¬
edly buy. Firecrackers have arrived freely, but with a steady fair demand,
firm prices rule for whole boxes ; halves and quarters are dull.
The foreign green market has been fairly active for Mediterranean fruit at
advanced prices. Sales of best Lemons at $5@5 50 per box, and Oranges at
$4@1 50, all repacked. The supply of West India kinds is full, and there have
been free sales at easy prices.
Sales of Baracoa Bananas at $1 50@2 50 per
bunch; $2 50@3 for Aspinwall do. Baracoa Cocoanuts $35 per thousand.
Pineapples $15@16 per hundred.
Domestic Dried are inactive. Early this week there was considerable done
in State apples at 5@,6c. for quarters ; the sales comprised some 300 bbls., about
all there were to he had at these prices, and since then the market has been more
8teady. The poorer qualities of Southern are still pretty dull at no improve¬
ment in prices. Prime pared peaches are in fair demand, but grades little off
in quality are
very slow of sale.
Unpeeled are dull and irregular; holders ask
iormer prices, hut to sell must accept a decline.
Blackberries sell only in a
small way at 13%c., holders of prime have refused to accept less for a round
ot. Plums and Raspberries are slow and easy in price. Peanuts are in better
demand, but holders are unable to obtain the high price at which they were
held some time since. Pecans are quiet, but with a small stock rule steady in
The market still continues very
Piculs
(139 lbs.)
For.
Boston.... 7,500
Feb. 23..Archer
Feb. 12..S. D. Carleton.. “
“
14,410
139 lbs,)
Total piculs (of
89,157
Java Coffee and Sugar.—From Messrs. Dummler & Co.’s market
report, bearing date March 9, we learn the condition of the Batavia
Coffee — The old crop was entirely disposed of, the sales last quoted were
/34 for small parcels. The new crop lias not been dealt in, planters
the offers made. The market is very firm, and/32 50 for ordinary Java has
been refused. The Padang sale, it is thought, will comprise about 40,000
markets:
refusing
piculs.
has been an excited market; transac¬
Sugar—During the past month there
tions have taken place at/160/16 25.
At date the market was more quiet; the latest contract was for
low numbers only for immediate delivery at/17 50 for No. 14.
mated that three-quarters of the growing crop
The following shows quantity afloat and not
Rainbow, Boston.
January
Agincourt.
1
March
11
12,000
Cyclone.
Borneo..
4*,iou
7,480
8,853
18,5.5
Hilda
Hertfordshire.
9,0.0
Alcyone.
Eastham, Montreal
Vier Gebroeders, (Baltimore).
13*148
11,91?
1,620
Polly Lewis
3,675
Argonaut
Total piculs of
2,994
8,996
15,718
329
s: oo
Bengal.
11
January 14
January
14
January
23
January
23
February
3
From Singapore.
(pels.)
1& lbs.
1,835
March
3
March
3
November 16
March
(pels.)
136 lbs.
Louise.
December 17
December 27
10,000 piculs;
It was esti¬
had been contracted for:
yet arrived. Coffee.
Sugar,
Vessel.
*
Date.
94,165
38,614
136 pounds.
New Orleans Sugar and Molasses.—Sugar.—The supplies are
lyglit
and the demand is good, especially for the better descriptions of Open
Kettle. The receipts are sold as they arrive, and the stock in the sheds on the
landing is being considerably reduced. Prices are ruling with an upward ten¬
dency. We quote Inferior at 62,7c.; Common, 7%@/7&c. there
being a good
We
’*
’
1
quote:
Common
Fermenting; 40@45c. for Good to Prime Fermenting; 38(2,500. for Plantation
Reboiled, as in quality; 45(§>60c. *or Cistern Bottoms; 5C@60c. for City.
Receipts.
Sept, l, 1870.
Same time 1869.
Sugar
hhds....
123,931
..
76,272
132.101
226,291
_
Molasses
bbls
Exports.
Sugar
hhds
3,462
41,(38
21,753
90,113
bbls
Molasses
—New Oilmans Trice Current.
CURRENT.
PRICES
The
On
Following are
Ruling Quotations in First Hands
Prices are a Fractio
Purchase of Small Lots
the
Higliei.
Tea.
Duty paid-
r-Duty paidHyson. Common to fair
40 © 55
do
Superior to fine.... 60 © 75
do
Ex. flnc’to finest.... 80 @1 J5
roung Hyson. Coni, to fair. 40 © 55
do
Super, to fine. 60 © 10
do
Ex. line tofinestl 00
Gunp. & Imp., Com to fair.
do
Sup. to fine..
do
If. Sk.&
Tw’hyi’ x.!. to tin si
Uncol. JapanCom. t < > 1 n i r..
do
Sup’r to fin
@1 30
do
Sotic.
58 © 70
80 @100
Ex. fine to flnest.l 10
Ex. f. to finest.
do
Oolong, Common to fair
do
Superior to fine
@1 45
Ex fine to finest....
Cong., Com. to lair.
Sup’r
to fine.
3»p
Ex.
Hyson Sk. & Tw. C. to fair. 30 © 40
do
do
Sup. to fine. 45 @ 50
i.
to finest.
55
55
65
75
45
60
85
48
60
80
60
60
© 70
@1 ro
© 55
@ 75
©1 25
© 55
© 75
@1 25
©
©
.
Coffee.
Rio Prime, duty
do good
do fair
do ordinary
paid
and bags
Java, mats
“
‘
Brown
gold. 15V4@153( i Native Ceylon
gold. 15%@17
gold. 14 @13
gold. 14%@14<fc I Maracaibo
gold. 133(@14
! Laguayra..
gonl. 14%®16%
gold. 13 @13% S1» Domingo, in bond....gold. 9^@10
gold. 13 @15%
gold. 18 ©20 I Jamaica
@22
20
|
Sugar.
Hav’a, Box, D.S. Nos. 19 to 20.. 12^@13%
Havana, Box, white.....
12%@13%
Porto Rico, refining grades...
9 @ 9^
Cuba, inf. to com. refining.... S%@ 9%
do fair to good refining....
9;%@ 9%
do prime
© 9\"
air to good grocery
do fair
9%@1<)%
choice grocery...
pr. to c
centrifugal, hhds. & bxs.
uas. 93C@11
Melado
8%@ 9% [
83(@ 9% |
mo.asses
r-.
do
grocery
9%@10£
grades....
8%@ 9\'
8%@ 9%
Brazil, bags.
Manila, bags
: itiuunu,
uugs
4%@ 7% I White Sugars, A
o
Hav’a, Box,D. S. Nos. 7 to 9
do
do 10 to 12.. 9*C@10%
do
do
do 13 to 15.. 10%@1I%
do
do
do 16 to 18.. !1%@12%
do
I
do
do
do
do
©
@11%
B
extra C
10%@11%
Yellow sugars
Crushed and granulated
Powdered
13 @13%
13 @18%
Molasse*.
New Orleans new
Porto Rico
Cuba Muscovado
$ gall.
f0@
2(’@
30©
Cuba
Cuba
Clayed
centrifugal
English Islands
40©
40©
37@
Rice.
Ra igoon,
8%-«9%
dressed, gold in bond 3%@ 3% | Carolina (new)...
Spices.
Cassia,in cases...gold V lb.
Cassia, in mats...
do
Ginger, Race and At (gold)
Mace
do 1
Nutmegs, casks
do
cases
Penang....
value.
Domestic Green
Peepper,
31 © 31%
3l!^@
32
8%@
10
13
@1 !5
82 @ 83
83
in bond
(gold)
Singapore & Sum?fttra
oTa)
Pimento, Jamaica... .(go
Jo
do
in bond
Cloves...do
in bond.... do
do
no
@*84
11
16
©
©
8%@
3%@
11 %©
6%@
Fruits and Nnts.
firmer for Apples selling
uussetts. Cranberries are dull and nominal.
supply, and sell at 20@3fic for Norfolk.
are
from ice-house at $6 per bbl for
Strawberries
are
Increasing
in
| Brazil Nuts
7%@
Raisins,Seedless,new
mat.5 55 @
10%@
do
Laver, 1870. V box.2 50 @ 2 55 Filberts, Sicily
do
Barcelona
9%@
do
Sultana, $ lb
16 @ ....
do
I African Peannts
177 @ 2 00
Valencia, $ lb
11 @
11 ©
do
London Layer
3 25© 3 50 Walnuts, Bordeaux
Macaroni, Italian
12 © 13"
W Tb.
Currants, new
9 @ 9b
Crack,
beat
No
1
W
box2
40
© 2 50
Fire
@ 44
Citron, Leghorn
9%@ 10
Prunes, .French
© 9
Prunes, Turkish,
V lb. 5 © 5%
Apples, State
.
ADVICES FROM PRODUCING MARKETS.
.
A5^r,Coffee#”“MeS8rs- Wright & Co.’s telegram, dated Rio de Janeiro,
£Vnl
18?h
says:
,
Shipments0“Ce f0r United ,states since 6th inst
35,000 ba?s.
stockng
*
*!!!!!!!!!!!!!!!!!!!!!!!!!!! 9’,ooo «
at
afloat for the United States
Ship.
For. (139 lbs.)
“
“
19,000
“ 12,000
9..Chattanooga... “
20..Golden Fleece. “
“ 26,254
2L.Monti Rosa
New York 16,003
28..Kildoaan
“
“
6,400
Ship.
Dec. 31. .Aberdeen
since Jan. 1,
Imports ol Sugar & Molasses at leading ports
The imports of sugar (including Melado). and of Molasses at
from January 1,1871, to date, have been as follows:
,
bbls
•hhds
"hhds.
33
•hhds.
45,465
The
Piculs
stimnlating
•hhds.
description had hardly opened.
5,611
75.658
,
Cuba,
in most
ing to 32,000 piculs at $5 25@$6 for super, current, the advanced price
being obtained. Of extra 3,900 piculs had been sold at $5 50 per picul.
In Taal sugar hut a very limited quantity had come forward, so that the market
333,068
foreign descriptions has continued, hut business has been
This may in part he attributed
B active and the market at times quite dull.
to the advanced pretensions of holders consequent upon the
advices from the point of production, but in the main to the absence of really
desirable supplies, the activity recently noticed having taken off about all the
best cargoes, and the arrivals since proving moderate. Grocers and Refiners
923
good market contracts,
cases
40,501
demand for
ehow no
1st March,
amount¬
market dates are to the
fortnight previous there had been a
87,410
64,240
MOLASSES.
The
Manila Sugar.—From the Manila
and for the
61050
?9
9
Prunelles
Dates
Bigs, Smyrna
Cherries German
V B>.
@
©
...
I
...
13 @ 20
7 ©
(DOMESTIC
DRIED FRUITS. @
do Western
...
I
do
do
do
Southern, common
2
prime
sliced
4 ©
©
5%@
THE CHRONICLE
672
9 00 ®
19 @
Canton
Ginger, case
Almonds, Languedoc
do
Tarragona
20 @
do
Ivlca
do
Sicily, soft shell..
do
Shelled. Spanish
do
paper shell
Sardines....
ft hf. box.
Sardines
^ qr,box.
13
15
£1
29
....
@
@
18H
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Saltpetre
Copperas
Camphor, in bbls
Castile Soaps
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....
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unpared, qrs& hive
Blackberries
Cherries, pitted
Pecan Nuts
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..V bush. ...
32
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do
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Grocers! Drugs
Alum
20
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19* |
....
73
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gold.
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----
THE DRY GOODS TRADE.
Friday, P. M., May 5, 1871.
during the past week
and the market begins to appear as deserted as is usual during the
period between seasons. There have been a few buyers in the
city from the interior making their first purchases, or laying in
small assortments to replenish broken stocks.
Orders are coming
in slowly, as stocks have not been sufficiently reduced as yet to
necessitate general replenishing, and the sorting up trade is not
likely to be very active for some time yet. In The city there has
been a moderate retail trade doing, but the annual moving day has
interrupted the demand, and the sales have scarcely been so heavy
as during the previous week.
All classes of dealers report the
trade as being very satisfactory thus far, the volume having been
large while the market has been remarkably free from anything
calculated to depress business, or result in the unsettling of values
which is always attended with considerable loss. Only two failures
have occurred lately, those of Messrs. S. Lederer & Co., and MrJ. B. Willian, a calico printer, near Philadelphia. Collections are
coming in with fair freedom from all sections.
There has been
no
animation in the trade
Domestic Cotton Goods.—There has been
a
moderate trade
[May e, 1871,
Falls M 86 11
dr S 88 0}, Indian Head 86 p>l d0
10, Indian Orchard, A 40 18, do C 86 10$, Lacouia 0 1:912 do u
87 11, Lawience A 86 11, Lyman O 36 10$, do E 3* 12, Medford w
11, Nashua fine O 33 11*, do R 36 18, do E 40 14* New mark
36 10, Pacific extra 36 12, do L 36 11, Pepperell 7-4 221 do 8 4 of
do-9-4 27$, do 10-4 32$. do 11-4, 37$, Pepperell E fine 89 m dv R
86 11$, Pocasset F 30 8, Saranac fine O 38 11$ do R 36 13 ’ot £
A 36 12, Swift, River 86 8, Tiger 27 8.
’ ars
Bleached Sheetings and Shirtings eell mo lera'.ely.and
prices con.
tinue well maintained, without notable change : Amoskeug46 161
/
16, do A 36 14$, American A 86 12$, Androscoggin L 36 151 i’ru,
wright WT 86 18, Ballou <fc Son 86 12$, Barllctts 36 14$, do 8313;'
Bates XX 86 18, Blacbstone AA 36 13$ Boott B 36 18$ do 0 3f!
10, do R 26 8$, Clarks 36 17$, Dwight D 40 18, Eilerton 10-4 45
Fruit of the Loom 36, 16 Globe 27 6$, Gold Medal 36 13, Great Falls
Q 86 16 Hill’s Semp. Idem 86 16, Hope 36 13, James 36 16 Lons¬
dale 36 16$, Masonville 36 16, Newmarket C 36 12$, New York Mills
42
21
86
Pepperell 6-4 22$, do 10-4 87$. Tuscarora XX 86 18 Utica
32$, do 9-4 47$, do 10-4 62$, Waltham X 83’M do
22$, do 8-4 27$, do 9-4 32$, do 10-4 37$, Wamsitt
6-4 25 do 6-4
42 16$, do 6-4
36 20.
Printing Cloths
buoyant, and eell freely for pres?nt and future
are
"
delivery at 7$'27fc.
Prints are less active than at the time of our last report, but there
is still a fair demand for all
desirabler work, at full quota¬
tions : American 10$, Albion solid 10$, Allens 10$, do pinks 11
purples 10$, Arnold 8$, Atlantic 6$, Dunnell’s 11, Hamilton
11, London mourning 9$, Mallory pink 11$, do purples 10$, Manchester
10$, Merrimac 1) 11, do W pink and purple 12$ do W fancy 12,
Oriental 10$, Pacific 11, Richmond’s 10$, Simpson Mourning 10,
Sprague’s pink 11, do blue aud White 10$, do sl.iftings 9$, Wamsutta
7$Printed Lawns and
Cambric 14$, American
Percales.—Pacific
Percales 22$, Lancaster
Shirting Styles 19, A meric in Dress Styles 18,
Merrimack 16$, Dunnell —, Oriental' 18, Atlantic 18. Dunnelb
Lawns 12$. Pacific 1,400 Fancy 14, do Solid Colors 15, do Organdies
15, Spragues 1,400 12$, Victoria 1200 9J, Atlantic 1,400 12$, Man
cheater 1400 14, do Piqups 13$.
Checks.—Caledonia 70 23, do 60 22$, do 12 26$, do 10 21,do 8 17
do 11 22, do 15 27$, Cumberland 11*, Jos Grcere, 65 15$, do 65)8
Kennebeck 20, Lanark, Fo. 2, 9$. Medford 13, Meek’s No. A 1 29.
Denims.—Amoskeag 26, Bedford 14$, Beaver Cr. A A 20, Columbian
heavy 22$, Haymaker Bro. 12$, Manchester 20,Otis AXA 21, do BB 19.
Corset Jeans.—Amoskeag 12, Androscoggin —, Bates 9. Everetts 13$, Indian Orchard Imp. 10, Laconia 11$ Newmarket 10.
Cotton Bags.—American £29 00, Great Falls A $32 60, Lewiston
$30, Ontario A $32 50, Stark A $3 2 50.
Brown Drills.—Atlantic 12$, Appleton 12$, Amsskeag 13, Augusta
12$, Pacific 12$, Pepperell 13, Stark A 12$.
Stripes.—Albany 7$, Algodoa 16$, American 11 @12, Amoskeag
17@18, Hamilton 18$@19$, Haymaker F $@11, Sheridan A 9*,doG10,
Uneasy ills A 12@13, Wluttenton A 16.
Tickings.— Albany 8$, American 14$, Amoskeag AC A 29, do
A 24, do B 20, dc C 18, do D 16, Blackstone River 14$, Conestoga
extra 32 21, do dc 86, 25, Cordis AAA ?3, do ACE 2G, Hamilton 20,
Swift River 13, Thorndike A 14, Whiltendon A 25, York 80 21$.
Ginghams—Clyde, 11$; Earlston, extra, 18 ; Glasgow,18; Gloucester,
11$; liadley, 14 ; Hampden, 15; Hartford, 12; Lancaster, 16; Lanca¬
shire, 11$; Pequa, 12$; Park Mills, 14.
Mousskline Delaines.—Pacific 18, Hamilton 18, Pacific Mills printed
armurcs 19, do
Imperial reps 22$, do aniline 20, do plain assorted
colored armures 18, do do Orientals 17, do do alpacas 21, do do
in brown and bleached cottons, both with agents and
These goods are held in unusually small supply for this
season of the year, and prices are fully sustained in all makes.
Colored cottons sell in small lots to replenish assortments, but the
trade is not remarkably spirited.
The demand for prints con¬
tinues fairly active, and all tasteful styles of light work are
placed freely at full prices. The market for printing cloths is
firm, with a continued upward tendency in all grades. Specu¬
lators have evidently succeeded in establishing a “corner” in
these goods again, and sales have been made to printers, as far
ahead as January next, at 7c., while October deliveries are selling
at 7$@7$c.
At these prices there can, of course, be little proba¬
bility of a decline in prints for the Fall trade; but, on the con¬
trary, manufacturers claim that they must obtain an advance of
$@lc. per yard in order to clear all expenses.
Domestic Woolen Goods.—There is a continued inquiry for
desirable styles of light weight cassimeres, and jobbers have
corded do 22$.
reduced their stocks considerably, while agents are entirely sold
Carpets.—Lowell Company’s ingrain are quoted at $1 for super
out. There is a good demand for heavy weights from early buyers
fine, 2 moe.c'credit, or less 2 per cent.. iO days ; §1 15 for extra super,
and the sales thus far have been considerably larger than is usual and $1 42$ for three-ply ; Hartford Company’s $1 for medium super¬
fine ; $1 16 for superfine; $1 42$ for Imperial tbree-ply, and $1 60
at this season of the year,
The high prices current on wool, and
for extra three-ply; Brussels $1 70 for 3 fr., $i 8) for 4 fr., and
the prospects of their being maintained late in the season, has a
$1 90 for 5 fr.
stimulating effect upon the demand for all classes of woolens, and
IMPORTATIONS OF DRY GOODS AT THE PORT OF NEW YORE*
buyers are taking stocks freely in anticipation of higher prices
The importations of dry goods at this port for the week ending
later in the season.
Heavy faced goods are in fair request and
4, 1871, and the corresponding weeks of 1870 and 1869,
May
sales are made of liberal amounts at full prices.
An advance has
have been as follows:
been established on many woolen fabrics, which is likely to be
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING MAY 4, 1 71.
1869.
-1870.
1871.-—1
general before the opening of the regular fall trade. Flannels are
Value.
Pups.
Valne.
Value
Pkps
PkGT8.
selling fairly, and are bringing higher prices than Avere asked Manufactures of wool
945
$398,882
590
826
$204,921
$286,664
430,970
1,558
942
235,090
do
cottc
this season. The demand at present is chiefly for the lower grades,
1,097
287,337
601,711
674
559
381,552
do
silk.... 350
291,305
282,779
but little inquiry being reported for the finer qualities.
1,351
712
156,788
do
flai
216,194
.1,030
222,657
914
b
341
586
141,702
120,653
Foreign Goods.—The foreign goods trade has been dull
5,472 $1,936,999
3,644 $1,202,153
3,389 $1,120,053
throughout the week, the only sales being of small assorted lots
INTO
THE
DURIM
MARKET
WITHDRAWN FROM WAREHOUSE AND THROWN
of goods especially adapted to the present wants of consumers
THE 8AME PERIOD.
524
$176,924
All desirable fabrics are freely taken at full prices, while the Manufacturers of wool.. 537
592
$230,807
$1&3,312
74,522
301
585
156,010
do
cotton, 214
61,426
least popular goods are slow of sale even at a material reduction
91,533
70
86
79,245
66
58.572
do
silk....
85,411
443
712
302
104,842
from the opening prices.
do
flax....
67,725
Importers are putting more goods into
20,198
209
47,800
in progress
jobbers.
.
.
.
.
the auction houses but the active demand is
and there is no demand for goods other than
over
,645
39,061
4,780
Total
.4,764
Addent’dforconsu’ptn 3,644
$410,096
1,202,153
6,755
3,339
$618,704
1,120,053
$1,612,249
10,144
$1,738,757
for the season,
such as are required
to supply the immediate wants of retailers here and in the in¬
terior. No important changes lia\Te occurred in values.
Desirable
goods bring full prices, while on other styles the usual conces¬
sions are made.
Wo annex a few particulars of leading articles of domestic
manuiacture, our prices quoted being those of leading Jobbers :
Brown Sheetings and Shirtings are in fair req^e-t at full
rice-3, with a good degree of firmness in all grades : Anwskeag A
bfi 12, do 13 36 11$. Atlantic A 36 12$, do D 36 10$, do H, 36 12,
Appleton A 86 12$, Augusta 36 11, do 30 10, Bedford R 80
8 Boott 0 34 fl$, Commonwealth O 27 8, Grafton A 27 7$, Great
Total th’n upon
m’rk’t. 8,408
ENTERED FOR WAREHOUSING DUKTNS THE
319
Manufacturers of wool..
224
$81,009
cotton.
255
38
437
69,606
41,842
78,743
215
41
3.54
53
12,383
481
do
do
do
Miscellaneous
.
silk....
flax....
drygoods
I
SAME
$113,587
57,318
40,560
77,559
24,399
1,547
$448,588
7 019
$2,385,587
5,472 1,936,999
PERIOD.
484
327
129
250
$189,603
t-
7,774
101,909
52,815
2,930
32,431
4,120
.1,007
$283,583
1,410
Add ent’d for consu’ptn 3,644
1,202,153
1,011
1,120,053
5,472
$524,532
1,936,999
4~651 $1*485,736
4,799
$1,173,873
9,592
$2,461^1
Total
Total cnler’d at theport
$313,423
@FedFRASER