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HUNT'S MERCHANTS
MAGAZINE.
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
YOL.
NEW
30.
YORK, MAY
NO.
3880.
8,
LATHAM, ALEXANDER &
776.
CO.,
AND
COTTON COMMISSION ME/? CHANTS,
HAVE REMOVED FROM
AND
Nos. 37
WALL STREET
39
TO
Nos.
1
6
AND
1
WALL
8
STREET,
ItECEIVTLY R-EBUILT.
The
latter
number was formerly occupied by them
Financial.
Financial.
Theo. v. Sand.
Phelps, Stokes
I.
N.
Edwaud
&
Co.,
PHELPS,
JAMK8 STOKES,
BANKERS,
ANSON PHELPS STOKES.
45 TVALIi ST., NEW YORK.
COnKIERClAL CREDITS,
1q Dollars (or use in
United States, Cuba, Ac,
In Pounds Sterling, available in any part of the world*
Also,
P. POTTBB, Ppest.
J. J.
Eddy
Cashier.
BOSTOIV,
CAPITAIi,
SURPI^US,
e.
&
Co.,
Sand.
Business from Banks
paper discounted.
Cor-
Coleman Benedict & Co.
STOCK AND BOND BROKERS,
BROAD
SX„
Stocks, Railroad Bonds, Governments,
and
all
Se-
curities dealt in at the New York Stock Excbanve
bought ami sold for investment or caiTled on mar-
on commission.
BANKERS,
130 Broadway (Equitable BalldlnK),
BANKERS AND BROKERS,
54 wrall Street, New York.
STOCKS AND BONDS BOUGHT AND SOLD ON
N E IV ¥ O R K
LETTERS OF CREDIT
CO.MMISSION.
CIRCULAR NOTES
COMMERCIAL PAPBR NEGOTIATED.
Centrale
Anversoise,
Antwerp.
-
-
9,000,000 Francs.
SOAJtB OF DIRECTORS
Frliz Obisar, President.
ALKKKn ?Ja(jcinat (draff* Maqntnsy), Vlc8-Pre",
J. B. Von dkk liECKK (B. Von der BeckeJ.
Otto Ountiiek (Cornelllc-DaTld).
Kmilk DK G( TT\L.
Ad. Fbank ( •rank, Model ft Cle.)
Are. NoTTKD iHM (Notlebohm Frerei).
Kb. Dhanis (Mlchlels-LoOB).
JoH. Dan. f uurmann, Jb. (Job. Dan. Fuhnnann).
NEW YORK.
COI.KMAN BKXEIUCT,
JA8. MCGOVERN, JB.
Member N. Y. stock and MlnlnK Uxcbanges.
years.
Kountze Brothers,
.
AND
Issued for the use of travelers In
all parts of the world.
Bills drawn on the Union Bank of London
Telegraphic transfers made^ to London and to
various places In the United States.
Deposits received subject to check at sight, and Interest allowed on balances.
Government and other bonds and Investment securities
bought and sold on commission.
LEWIS n. TAYLOE, Jb.
solicitea.
Satisfactory business
respondence invited.
gin, strictly
Sand Brothers
$400,000 Paid-Up Capital,
400,000
COLLECTIONS a specialty.
24
Max
Member N.y. stock Exch.
Banque
Maverick National Bank,
and Bankers
a. Petit,
many
Financial.
TBAVKLBU8' CREDITS and
CIBCCLAR NOTES.
ASA
for
Louis WiiB«E (Kd. Weber & Cle.)
JDLBS Bautbkstbavou (C. Sclunid
A Cle.)
TRANSACTS A
GENERAL BANKINC BUHNSfB.
L,
H. Taylor
LINDLKT
HACTH
&; Co.,
Bankers and Brokers,
138
SOUTH THIRD STREET,
PHILADELPHIA.
Deposits received subject to check at slftht, aad
Interest allowed on daily balances.
Stocks, Bonds, &c., bouuht and sold on commlislon
In Philadelphia and other cities.
Particular attention ^Iven to information regard.
InK Investment Securities.
R. T. Wilson
&
Co.,
AND COMMISSION MERCHANTS,
S ExcUanse Court, N 9W York.
BiVNKERS
THE CHRONICLE.
11
M erchants'
Drexel, Morgan & Co.
WALL STREET,
Drexel
&
Drexel, Harjes
»0.M SorTB TBIBD 8T.
Philadelphia.
&
Co
Paris.
Depoiiu received subject to Dmft.
ac. Bought and sola on Coinmls«ion.
Securities, Gold,
Interest allowed
C'omiiierclal CredlU.
Letters tor Travelers,
Circular
parts of the world.
Cable Transfem.
all
ATTOB-STBTS
MeMrsi. J.
No. 82
S.
MORGAN &
ST.,
'
CO.,
LONDON.
&
Brothers
No. 69 W^ALI. ST., N.
BCV AND SILL
GEORGE HAGUE, General Manager.
WM. J. INGRAM. Asst. General
BANKERS:
Co.,
If.,
Manager.
chanjfe, Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Drafts
Issued payable in Scotland and Ireland, and every
description of foreign bunking business undertaken.
HBNKY HAGUE,
JOHN
FRANCE,
ON GREAT BRITAIN AND IRKLANO,
QBKUANY, BELGIUM AND HOLLAND.
Issue Commen-Ial and Travelers' Credits
SJERLINO.
AVAILABLE IN ANY PART OF THE WORLD.
And In Francs, In Martinique and Guadaloupe.
Ilf
HARRIS
B.
S
and other countries,
and Paris.
Make Collections of Drafts drawn abroad on
points In the United States and Canada, and
of Drafts drawn In the United States
CAPITAL,
SURPLUS,
^13,000,000, Gold.
5,000,000, Gold,
•
all
Nos. 59
is.
WALL STREET.
61
G.
&
C.^ARD,
G.
leZNTS FOB
28 STATE STREET. BOSTON.
WALTKK WATSON,
I
Asenf B
Agents.
J
Buy and sell Sterling Exchange. Francs and Cable
Transfers grant Commercial and Travelers' Credits
the Dominion of Canada.
London
Office,
S9 EXCHANG'E PLACE,
CUKMBB BROAD STREET. NEW YOKE.
Issue Letters of Credit for Travelers,
Payable In any part of Rnrope. Asia. Africa, Anstralls
and America.
Draw Bills of Kxckange and make telegraphic trauf-
No. 9 Blrchln Lane.
&
Co.,
MUNROE
akd Cbbdits fob Travbi,br&.
&
British
SMITH'S,
COUNTY BANK,
dc
BANKERS, LONDON
nANCHESTER
Bay and sell Sterlinff Exchange anrt Cable TransI88ue demand drafts on Scotland and Ireland,
fers.
MCTAVISH,
W. LAWSON,
D. A.
acted.
Imperial
[
Agents, r
Bank of Canada
Capital,
H. S.
$1,000,000.
HOWLAND, President; D. K. WILKIK,
HEAD
BELFAST, IRELAND;
i»D OW THB
NATIONAL BANK OF SCOTLAND,
EDINBUKG, AND BRANCHES
j
ALSO,
Branches
The Nevada Bank
Torli Agency, G2
Agents in London
BosANQUET, Salt & Co.,
93 Lombard street.
I
Agents
In
New York:
Bank of Monthkal,
Wall street.
Promptest attention paid to collections payable In
any p:irt of Canada.
Approved Canadian business paper, payable In gold
or currency, diSLOunted on reasonable terms, and
proceeds remitted to any part of the United States bj
gold or currency draft on New Yorlc.
I
Wall
Street.
U. S. Bonds,
$3,500,000 Gold.
In-rested In
L.
BRANDEE,
Agenfa
Issues Commercial and Travelers' Credits availablein any part of the world. Drawg Exckange. Foreig
and Inland, and makes Transfers of Money by Telegraph and Cable. Gives special attention to Gold».
and Silver Bullion and Specie, and to California.
Collections and Securities; and arranges to pay-
Dividends on such securities at due dojtes.
Bankers, London. SMITH, PAYNE & SMITHS,
do
UNION BANK OF LONDON,
do
do New York, BANK OF NEW YORK, N. B. A^
do
do Ameiucan Exchange Nat. BANK-
THE
Anglo-Californian
Bank
:
CATHARINES, PORT COLBOUNE. ST. THOMAS
rSGERSOLL, WELLAND, DUNNViLLE. FEKGUS.
(LIMITED).
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California St.
NK-W KORK Agents, J. & W. Selieman A Co.
BOSTON Coi-rcspond'ts, Ma.ssaclnisetts N. B'k_
69
Authorized Capital, Paid op and Reserve,
$6,000,000.
1,700,000.
business. Issue Com-
-
Transact a general banking
mercial credits and Bills of Exchange, available ii>
parts of the world. Collections and orders fOBBonds, Stocks, etc.. executed upon the most favorFRBIVK F. LOW,
able terms.
> Managers.
all
Foreign Bankers.
Nederlandsch Indische
Handelsbank,
P. N.
,
IGNATZ STEINHART.
LILIENTHAL, Cashier.
Bo^itoii
Bankers.
AmSTERDAM, HOLLAND. Chas. A. Sweet
Established in
&
Co.^
($4,S00,000 Gold.)
OFFICE IN AMSTERDAM.
Agencies
Lichtenstein,
BANKERS,
Excbamse Place.
YOKE.
Make Telegraphic Money Transf en.
Draw Bills of Exchange and Issue Letten of Credit
St., cor.
NEW
principal cities of Europe.
SPECIAL PARTNER,
BerUn.
BANEERS
Pald-Up Capital, 13,000,000 Guilders
HEAD
.Knoblauch
DSUTSCHE BANK,
California Banks.
1883.
UABLB TRANSFERS AND LETTERS OF CREDIT
all
BONO K0N6.
JOHN IVALTEB,
Cashier
OFFICE, TORONTO.
j
ULSTER BANKING COMPANY,
Tn
l.SOO.OtKV
OFFICE,
GEORGE
;
MANCHESTER, PAYABLE OT LONDON
IVimani
BEAD
The Corporation grant Di-afts and negotiate or
collect Bills payableat Bombay, Calcutta, Slngaporev
Saigon, Manila, Hong Kong, Fooehow, Amoy
Ningpo, Shanghai. Uankow, Yokohama, Hiogo, Sao
Francisco and London.
Agent, 59 ITall St>.
STREET.
No. 53 WAI4I.
ic
" LIMITED i"
&
t5,000,00a
RESERVE FUND
North America,
:
Co.,
J.
33 NASSAU STREET.
BILLS OF EXCHANGE ON
SMITH, PAYNE
BANKING CORPORATION.
CAPITAL (paid-up)
Sorplos,
OF
Dealers in American Currency and Sterling Exchange.
Stuart
Hong Kong & Shanghai
Ba n k
ST.
&
BLAEE BROS. & CO
OP SAN FRANCISCO.
also
& CO., PARIS.
BTEELDIO CUEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS Sc CO., LONDON.
J.
AMSTERDAM, HOLLAND
New
on Canada, British Columbia, Portland, Oref?on,
and San Francisco.
Bills collected and other banking business trans-
California.
No. 8 Wall Street, New York,
No. '4 Post Office Sqnare, Boston.
CHEQUES AND CABLE TRANSFERS ON
CrBOiTLAB Notes
BANKERS
AND
AGENCT OF THE
BANKERS,
John Munroe
Nenr Tork.
Adolph Boissevain & Co.
available in any part of the world ; issue drafts on
and make collections in Chleago and throughout
&W. Seligman& Co.,
(en of money on Europe and
America
;
BARING BROTHERS & COMPANY,
S3 WALL STREET. NEW YORK.
J.
for
)
i
1879.
142 Pearl Street
Office,
YORK OFFICE.
JY^IT
A.LANG,
S.
1,
N. T. Correspondents.—Messrs.
Foreign Countries.
tin
STANTON BLAKE.
HENRY E. HAWLEY,
York, January
Bank of Montreal.
GEOKGE STEPHEN, President.
through London
C. F. 8MITHER8, General Manager.
this
New
COMin ISSION iraERCHANT»
TRANSFERS
nAKE TELEGRAPHIC
OF raONEY
Between
($14,400,000, Gold.)
Execute orders for the purchase or sale of Merchant
disc. Bonds, Stocks, and other securities. In the
United States, Europe and the East; make Coucctiona
buy and sell Foreign Exchange, and give advances
upon Merchandise for Export.
OLIVEIl S. CARTER, 1 Agento
Anenta
-^S*""-
»
JR.,
1824.
Pald-ap Capita], 36,000,000 Florin*.
Neur York Agency, 48 ExchaDge-pIace.
OF EXCHANGE
BIL,L.S
OP HOLLAND,
ESTABLISED
ESQ.
LONDON. ENG.— The Clydesdale Banking B.Comp'y.
NEW YORK— The Banit of New York. N. A.
The New Y'ork Agency buys and sells Sterling Ei-
AND AeSNTB OF
OLD BROAD
Brown
JOHN HAMILTON.
JOHN MCLENNAN,
OFFICE, MONTREAL.
HEAD
on Deposits. Foreign Kichauge.
available In
Hon.
E>realdent, the
Trading Society
Tlie Nellieriand
$5,500,000 Paid Up.
Capital,
Vice-President,
DOMKSTIC AND FOREIGN BANKKH8.
Nederlandsche
Handel-Maatschappijj
CANADA
Boulevard Hanumanii
81
Bank
OF
CORNER OF BROAD, NKW YORK.
Co.,
Foreign ISaiikcr§.
CHnadian Banks.
Foreign Excliuiige.
XXX
Vol.
ir,
Batavia. Soerabayaand Samarang.
Correspondents in Padang.
Issue commercial credits, make advances on shipments of staple merchandise, and transact othei
business of a financial character in connection with
tbe trade with the Dutch East Indies.
40
STATE STREET, BOSTON.
DEALERS IN GOVERNMENT SECURITIES;
State, City,
Parker
&
Stackpole,
BANKERS,
BLAKE BROTHERS
&. CO.,
AGENTS FOH North America,
\i WALL STREET, NEW YORK,
28 STATE STREET, BOSTON
County and Railroad Bonds.
No. 63
DEVONSHIRE STEEET;
BOSTON
Mat
8,
THE CHRONICLE
1880.J
Boston Bankers.
Financial.
Oeo.Wm.Ballou&Co
ANKERS,
9
Wan
72 Devonnhlre
Street,
NEW VORK.
m
St.,
N<i
Bank or Railroad BMri.0YEK Need ask
Kbie.nus to Become ok Conti.nl-e Ills
BOSTON.
Sl'retieh, as
DuposiTs Received and intkuest' Allowed.
Financial.
BO\l>!^ OF SVRFTYSHIP
For Officers and Employees of Bank
and Italiwrnys.
FIDELITY GUARANTEE BONDS
ARE I8SUBO BY THE
his
the
Wm. Ballou.
Geo. H. Holt.
Canada Guarantee Co.
&
Brewster, Basset
Co.,
BANKERS,
CONGRESS STREET,
No. 86
Boston, IVmaa.
ud
Dealert In Stoclu, Boadi, Gold
CommercUl
paper.
Orders executed on CommtsBlon st Brokers
Board
AaotlODs, and Private Sale.
Investment Securities conetantlv on hand.
sinijle
securing a
Capital,
260
I
.*t.
I
N G,
No.
to December
just published.)
&
Co.,
BitOBLKBS,
VIRGIKIA BSCUKITIKS
and
Correspondence
solicited
and
•alBhcd.
N. i.
information
COBSKBPONDiNTs— McKlm Brothers &
B. B. BtrnRnss, Pree't.
WILLIAM STREET,
RAILROAD INTESTMENT SECURITIES;
Collect Coupons and Ditidsnos
NEGOTIATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.
.
for
All business relating to
I'a.
Cnllectlons
made on
all
parta of the Dnlted Sbtten
WILLtAMS, JNO. W. MILLER
CHA8. B. MILLER.
R. D.
Thos. P. Miller
&
Co.,
BANKERS,
MOBILE, ALABAMA.
Special attention paid to collections, with prompt
Temlttancea at current rates of exchange on day of
parment.
Correspondents.— Ocrman-American Bank, New
Fork Louisiana National Bank. New Orleans Bank
of
;
Wm
«""" W-
;
Liverpool. Liverpool.
Dickinson
THOMAS
Bro's,
WILLIAM
H.
BOUDEN.
DEPOSITS
subject to
HATCH.
B.
FRANK JENKINS.
&
Jesup, Paton
BANKERS,
WlUlam Street^ New
Co.,
York.
Acconnta and Agency of Banks, Corporations.
Bnns and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations in paying ooupona
and dividends"; also as transfer agents.
Bonds, stocks and securities bought and told on
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
Union Bank of London.
HilmerSjMcGowan & Co
BROKERS IN
Special attention paid to the negotiation of
mercial
Com*
bills.
Exchange Place, Nenr Xork.
Stocks, Railroad Bonds, Governments, and
all
Se-
curities dealt In at the N. Y. Stock Exchange, bought
and sold, either for Investment or on margin.
Have been connected with mining since the discovery of the famous Comstock Lode, and also
pioneers in the celebrated Bodie district, in which
are located the " Standard," " Bulwer," " Bodle,
and other well-known mines. Letters and telegrams
from these districts received dally. Orders executed direct at the San Francisco Stock Exchange
Platt K. Dickinson,
Howard c. Dickinson,
Members N. Y. Stock Exchange and N. Y. Mining
Stock Exchange.
Financial.
Interest paid on
Foreign Exchange, isttocks and Bonds^
63 Wall street. New 'York.
(P. O. Box 8*17.)
BANKERS,
No. 4J
boudht and sold In the OPK.V
and COM.'MKKCI AL PAPER
negotiated.
the Construction and
Equipment of Raiiroads undertaken.
A. K. WiiKKB, Cashier
First National Bank,
WILMINGTON, N. C.
THOS. P.MILLER,
•""" "• »'''"•
If^HjSy.^'*®'^'"'"'^''
MARKET.
LOANS
53
;
INVKSTMKHT
Bri2|S!"lfS'.-5.lt"teSlfe".l°-
Co.,
KcMT ITork.
BALTlItLORE.
IpeclaltT.
S*hSi,^2S' •'iST.StranuhsD. Charles Dennl..
Manager.
BUT AND SELL
&
M. HiniABDS. Preildant.
Lvma.n W. nniaos, Vloe-Pmldent.
Juii.N M. Cbanx, Secretary.
KDWABD»TAiiK,MeDersl Acent.
_„
I)iHECTonfi--«eorire T. Hope. A. B. lluliro O
Williams. WO. l,ow. A. 8. BarnM. H. A. Hurlbut.
OFFICE:
JaineN Sireet, Montreal.
Kennedy
63
§outlicrn Banlier§.
BANKKK8 ANu
employees Id
tba omoe, 197
Wm.
Bankers aud Merchants,
Boston, Mass.
Wilson, Calston
Government
KDWAIU) RAWLINGS,
S.
J.
B
I.
In ifcu of i
necurliir la reonlred fur the
HEAD
Curtis,
17
|110,0te
$476,460
30th, 1878,
Prospectus, Forms, Ac, may be had on applica-
tion to the
STOCK BROKERS,
SiminONS' B
"here
law.
were
(See Report to
BOSTON.
&
ett
And the Gross Resources
BXCHANGB PLAOi,
Jackson
contest
<;oRPO&ATK OUAKASTBK
R*,^'!","'}' ''"J"'
ruithrui
performance of the autlei of
all positions of truat.
Full Information can be obUlned st
The Available Assets of the Company (at
31st Dec, 1878) over and above uncalled
F. H. Peck,
JBANKER ANB BR6KER
No. 7
of the principal V. S. Rnilroad Companies and some
of the Banks. In Canada its Bonds are now almost
universally required by the (Jovcrnmentg, Banks,
Hallways, and Conimerciul Institutions.
THE Canada OtAHANTKE Comi-anv Istheoniu
Company on the American Continent that has
successfully conducted this business,—a result of
which Is that it has been able to establish a Boniu
system for those who have been 8 or more years on
the books, whereby the subsequent premiums are
annually rertuced,-()ie reilucUon tW» 1/eur U Jnim 15
to 3,'i per emit on the usual rate.
The advantages of transacting business with this
Company are that It Is a well-establl»hod Instltutlon. and has ample reserves, over and above Its
capital, to provide aKainst exceptional reverses.
1 lie most complete and reliable information is obtained as to the anli'cedent.i of Employees, and this Is
really of the Hrst importance to the lOnipioier, as
also the system of periodical supervision and revision of those on the Company's Books.
Over $100,000 have already been paid by this Company for tosses by unfaithful employees, irlt^lout a
TOKK,
Guaranteeing
,;,1nlllv of
A< perMns
„ the
...„ ndelltv
holding posttlons of pecunlarv
pecuniary trust and reaponilbllttr, thus
grants bonds of securitv kor all
eligible men in such positions at a
Dholce RAILiBOAD and miJNIGIPAIi
tkiklino charge pkr annum.
SECUKIXIES For Sale.
This company's Suretyship la accepted by many
Oio.
FIDELITY A C48VALTY CO.
H. H. Hollister
&
Co.,
&
68 Broadway, cor. Exchange Place,
TRANSACT A GENERAL BANKING BUSINESS,
INCLUDING THE PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON MASGIN. BUY AND SELL COMMERCIAL PAPER.
BANKERS AND BROKERS,
NETT
P. O.
YOBK AKB BALTIMORE,
Governments and Miscellaneous Securities
bought and sold on commission.
So.
BANKERS,
Box
447.
D. A. BOODT.
W. MCLellaN, JB.
REUBEN LELANS.
New
New England & Western
C.
Stocks,
NEW YORK HOUSE
cGK FCo.
R
BA
JTo. 18
S
IV
Street.
H. H. Hollister,
Robert B. Holmes.
Members
WALL STREET,
New
,
J.
Transact a General Banking Business. IncludinK
-the purchase and sale of STOCKS and BONDS for
cash or on margin.
and Sell luTeatment Securltle*.
Bur
BOX
2,S47.
A.M.Kidder. Wayland Tbask. H.j. morse.
R. A. Lancaster
&
Co.,
BANKERS AND BROKERS,
66
BROABWAY, NEW YORK,
DEALERS IV
FIrst-CIasa luvesiiuent Securities.
O0VEKN.MENT BONDS, STATK. CITY, COUNTY
RAILK(IAI>& MlSCKLI.ANE'll S SEulIKITlBS
Bougiitand Sold on Commission.
I'lu;- HecHvn'ilt
Vovmns Bought.
Virgima
aOUiUHHN S!-:i'l,!n-ni.'s A liPEOlALlT,
LOANS NEGOTIATED.
IsTBBKsi Allowed us Deposits.
C.
of
BALTIMORE HOUSE:
21 South Street.
H. H. Hollister.
H. Du.van,
Stock Exchange.
S.
W^ALCOTT &
Transact a General Banking Business, buy and sell
on commission all securities dealt In at the New
York, Pliiladelphia and Boston Stock Exchanges,
either for cash or on margin.
Special attention
given to Mining stocks.
Frank f. Dickinson,
walcott,
Members N. Y. stock and Mining Exchanges.
Jos. c.
Fred7H. Smith,
BANKER AND BROKER,
No. 53
EXCHANGE PLACE, NEW YORK.
AND
all
PINE
ST.,
-
-
-
$200,000
Offers to Investors carefully-selected securities
to 8 per cent Interest. Investment
bearing from
securities bought and sold on commission. Settlements made tor holders of defaulted securities.
Will act as agents In funding and reorganizing debts
of municipalities, railroad companies, and other
corporations. Correspondence solicited.
JOHX C. SHOUT, President,
( „._
„.v
Geokoe W. Debevoise, V. Pres. t "*" lorx.
LUCIUS L. HrsBARD, Asst. VIce-Pres., Boston.
Wm. p. Watson, Sec. and Treas., Chicago.
—
Gilman, Son
for the past 10 Years
62
A SPECIALTY.
Investors or Dealers wishing to buy or sell are
State, Municipal and
Invited to cominunicato.
Railway Bonds and Coupons tlQOgbt and sold at best
Market Rates.
33
CAPITAI- STOCK,
RAILROAD SECURITIES
(An Intimate knowledge of
CO.,
NEW
YORK,
CONGRESS STREET, BOSTON.
BUILDING,
CHICAGO.
UNION
NOS. 31
No. 19
CO.,
No. 42 Broad Street,
York,
INVESTMENT
New York
BANK BR8,
TforfcL.
P. O.
:
43 I^ew
&
Co.,
BANEKRS,
CEDAR STREET.
In addition to a General Banking Business, bnj
and
ties
sell
GoTenuneat Beads and InT«atmeDt
Securi'.
THE CHRONIC JLE.
IT
PINE STKKET,
NEW YORK.
27
•
°'
AND ALL
DEALT
band.
The Brooklyn Trust Co.
Cor.of Montagne
&
Clinton
sts.,
Gwynne
Brooklyn, N. Y.
Wm.
llolfo.
FOR CHOICE
P.
B.Baylis, "enry K.Sheldon
John 1. Martin,
H. B. Pierrepont, l)unl Cliauncey. Rlpiey
Ropes,
Alex. M. White. Josiah O. Low,
WANTED
MlSSorUI and
of
price paid
'^''"="
124
Highest markej
description, an*
EQUAL TO THE ENTIRE YEAR'S INTEREST
Stocks
A SPECIALTY.
I
Cash paid at once for the above Securities or
they win be sold ou commission, at seller's option.
;
WM.
21
NOYES,
C.
NASSAU STKEET,
BUYS AND SELLS
GanIigUt Stocks,
Trust Companies' Stocks,
TelesrapU Stocks,
Xeleplione Stocks,
Kailroad Stocks aud Bonds.
ALSO,
of Investment and Miscellaneous
Securities not actively dealt In at the New
York Stock Exchange.
Classes
Albert E. Hachfield,
17
NASSAi; STREET,
BASEMENT,
Deals In Investment Securities and
Ronds Generally.
WANTED
FOR SALE:
Street.
In order to give the shareholders the benefit to be
derived from a distribution of the shares of the
Capital Stock recently purchased from the City of
Philadelphia, the option is given to the shareholders
to receive the dividend hereby declared, either in
cash or in scrip convertible Into the Capital Stock
of the Company at par, when presented in sums of
Fifty Dollars; provided the said option shall be
exercised on or before the Ist day of October next
otherwise the dividend will be paid In cash.
JOHN D. TAYLOR. Treasurer.
SILVER
OFFICE OF THE ONTARIONew
MINING
May 8, 1880.
CO., 18
WALL
York,
Street,
DIVIDEND
No.
share has been declared for
the office of the transfer agents. Wells, Fargo & Co.,
No. 65 Broadway, on the 15th Inst.
Transfer books close on the 10th Inst.
H. B. PARSONS, Assistant Secretary.
AST TENNESSEE VIRGINIA
& GEOR-
GIA RAILROAD COMPANY—A
dividend of 3 per
cent on the capital stock of this
Company will be
May 1,
1880, at
ROAD COUPONS
the ofBce of R. T.
Alabama, Soutli Carolina & liOnlsliHia
State Rouds;
Netv Orleans Jackson & Gt. Nortkern,
jnississlppl Central, and mobile
&, Ofuo Kailroad Bonds
City of New Orleans Bonds.
due May
1,
E.
A.
17
May
For
RORG,
14
WALL
MISSOWBI, KANSAS and NEBRASKA;
WILSON &
Vl E.1IPHIS& CHARLESTON
Scioto Valley Railway Co. Ists 7s.
Columbus & Toledo Railroad Co. Ists 7s.
Columbus & Hocking Valley Railroad Co. Ists 78.
Ohio & West Virginia Railway Co. Ists 73.
These latter a new bond just issued on Extension
Columbus & Hocking Valley Railroad to Ohio River
With A. M. Kidder
A
TOBEY
&
KIRK,
New York,
T.
WING,
No. 18 WALL
Co., Bankers.
STREET.
&
SPKCI.4.LTY.
Southern, Western, Northern and Eastern Railway
Bonds and Stocks; also. State, Municipal and all
classes of reputable Investment securities, bought
and sold at best market rates. Investors and dealers
wishing to buy or sell are invited to communicate
with us. Loans negotiated for bankers and brokers.
CHARLES
ROOM
24.
CO.
ilTATE,
B.
OREENE,
BANKER AND BROKER,
30 Hroad St., New York.
RAILROAD, COUNTY AND
MUNICIPAL RONDS
BOUGHT AND
RAILROAD
Mortgage Bonds maturing May
R. T.
1,
1880, will
[i
WILSON k
CO.,
2 Exchange Court.
OFFICE OF THE NEtV YORK,
PROVIDENCE & BOSTON RR. CO. (StoXIXGTOS RAILROAD), NEW Y'ORK, April 2«, I8S0.-A
TWO
ALSO,
No, 4 Broad Street,
Ist Pref. 7s.
& Indianapolis Central
Texas Bonds.
R. T.
OfBce of
County and Township Bonds
OF THE STATES OF
All CIASSE3 of Kailroad Bonds,
Investments.
3.
C.
SOLD.
CHEW^, 29 Rroadwav.
W^ANTED
:
& Pere Marquette Railroad Certificates
Central Railroad of Iowa Bonds and Stock.
Flint
WANTED
City,
NEW YORK.
on
be purchased on and after that date, at par, at the
STREET.
5,
Railway Ists and 8d8 78.
Union & Logansport Railroad Ists 73.
Champaign Havana & Western R'y Co. 1st pref. 7s,
Indiana Bloomington & West. R'y Co. pref. Ists 7».
Central Iowa Railway Co. (new) Ists 7a.
Col.
;
&.
AND
Columbus & Indianapolis Railroad
WILSON & CO.
1880, will be paid
4
NASSAU STREET,
and after that date by
First
HACHFIELD,
ROOMS
CHAS.
Fifty Cents per
April, payable at
A
seldom
offered.
55.
The Regular Monthly Dividend of
paid
better-paj-iug investment is
safer and
UAST TENNESSEE & VIRGINIA RAIL-
Bonds.
WANTED
LEVY
sufficient
for huildiug 25 miles of additional branches.
STANTON, 19 Nassau
PANY, TREASl^REK'S UBPABTMKST, PHILADELPHIA, May 1, 1S80.— The Board of Directors has
Dividend of
this day declared a semi-annual
THREE PER CENT on the capital stock of the
and after
payable
on
all
taxes,
of
Company, clear
May 28 to stockholders as registered on the books
of the company at 3 P. M. April 30, 1880.
-17
:
Toledo Logansport & Burlington Bonds.
Union A Logansport Bonds.
RViue Watortown & Ogdensburg Bonds.
lad. Bloomingt'n & West. Old aud New Securities
New Jersey Midland Bonds.
New York & Greenwood Lake
CHARGES, and the annual surplus is
PENNSYLVANIA RAILRO.ID COM-
Dealing
>'l
NEW JERSEY MIDLAND,
KANSAS AND NEBRASKA
Bought and sold by
J. S.
PINE STKEEr.
Insurance
Mortgage 7,000 doUars per mile.
SECURITIES,
Bailey,
S.
61 miles.
FOUR MONTHS' NET EARNINGS ARE
COaUAKI.,
T
& HAKXAMAX,
Total lengtb of road in operation
Indianapolis, Ind.
t. A.
BANKER AND BROKER,
N. Tlilrd street, St. Lonls, Mo.
E.
Logansport.
Secretary.
ILLINOIS DE-
Give
1898.
Texas between Houston and Nacogdoches and
ADDRESS
:
All kinds
FAULTED COUNTY BONDS.
full
for them.
SiniTH
Corlles.
BUNKER,
K.
DUE
1878;
This road runs tlirough the lumber region of
7 Per Cent Mortgages,
Thomas Sullivan, Abm.
Edmund W.
ISSUED
Vice-Pres't.
Alex. McCne,
Thus. B.Marvin. A A. Low.
WM.
(EASTERN DIVISION)
INIESEST PAYABLE MAY AXD XOYEU
BER IS NEW YORK.
Interest allowed on deposits.
Investments carefully attended to.
Henry Sanger,
Austin Corbin.
West
Texas Railway Co.,
Day,
securities.
M.CrLLEK^C,,unse^.^
B. Kendall,
John
MARVIN.
&
Transact a general banking and brokerage business In Railway Shares and Bonds and Government
Is
(.yA^S. U.
EDGAR
&
Houston East
IN.
No. 45 Wall Street,
fEstablished 1854.]
authorized by special charter to
aaact Hd receiver, trustee, guardian, executor, or
of
management
or
sale
the
In
agent
as
"itra^nact
receive
real estate, ciiiloct interest or dividends,
reSatryund transfer boc)l!», or make purchase and
•ale of Oovornmont und cpl her securities.
Religious und cliiiritalile institutions, and persons
unaccustomed to the tranwiclion of business, will
depository
and this Company a safe and convenient,
RIPLKY HOPES, President,
money.
formoney:
lor
This Company
OF THE
SEE GAS QUOTATIONS IN T HIS PAPER.
solicited.
Correspondence
SETEN PER CENT GOLD BONDS
OF
BROOKLYN SECURITIES,
Bonds always on
choice lino ot Investment
A
KlirOS
THE
MORTGAGE
FIRST
STREET RAILROAD STOCKS AND BONDS
Securltle« dealt In at the Stock Exchanite.
all
AMOr.NT OF
GAS SECURITIES,
"PProTed ma'B'np
•"'
Inves tors
OFFER FOR SALE A LIMITED
AND
City Iioams.
'<>' <»»'»•
I
OAS STOCKS
Neicotlates Flmt-CIasn nallroad. State,
aad
BROAD STREET, NEW YORK.
19
(Member of N. T. Stock Exchange.)
BnT< and "e"'
To
Geo. H. Prentiss,
A. Moran,
XXX.
Financial.
Financial.
Financial.
Daniel
[Vol.
(2) PER CENT will be
Quarterly Dividend of
paid at the office of Messrs. M. Morgan's Sons, 39
William street. New Y'ork, on the 10th day of
May. The transfer books will be closed from
the 1st to the 11th of May.
MORGAN, Treasurer.
HENRY
Port Huron Jt Lake Michigan RR.Co. Certiticates.
St. Joseph & Western Railroad Co. Securities.
Des Moines & Fort Doige Railroad Bonds.
New Jersey Midland Railroad Securities.
New York & Oswego Railroad Securities.
Indianapolis & St. Louis Railroad Bonds.
South i North Alabama Railroad Stock.
South Carolina Railroad Securities.
Kansas itNebraska Railroad Securities.
Greenville & Columbia Railroad Securities.
Vlcksburg ti Meridian Railroad Stock.
Citv County and Town Bonds of Western States.
City of St. Joseph, Mo., 7 and 10 Per Cent Bonds.
City of Atchison, Kansas, Old Bonds.
Scioto Valley Railroad Bonds and stock.
31 Pine St., N. Y.
Win. R.
UTLEY,
xtmm
f
HUNTS MERCHANTS' MAGAZtNB.
EEPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Congress, In the year 1880, by
YOL.
Wm.
B.
Dana &
SATURDAY, MAY
30.
CONTENTS
.
THE BANKERS' GAZETTE.
Quotations of Stocks and Bonds 488
Now York Local Securities
489
Investments, and Stat*, City
and Cori)oratiou Finances... 490
Securi-
Railway Stocks, Foreign
Exchange, New York Ctty
Banks,etc
485
ties,
THE COMMERCIAL
TIMES.
495 Dry Goods
500
495 Imports, Receipts and Exports 501
500
Commercial Epitome
Banks
are as truly necessary to commerce, as
to the
human body
day morning, with
up
the latest news
to
issued every Satur-
midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class
mail matter.]
TERMS OF SUBSCRIPTION-PAYABLE
IN
ADVANCEi
For One Year (including postage)
ForSixMonths
do
Annual subscription In London (Including postage)
Sixmos.
do
do
do
$10
20.
6 10.
£2
7s.
1 88.
Advertisements.
Ti'anslent advertisements are publisUad at 25 cents per line for each
insertion, but when detlnite orders are given for five, or more, insertions,
a lilicral disiount is made. Special Notices in Baukiug and Financial
colunm 60 cents per line, each insertion.
WILLIAM B. I>ASA, >
WILLIAM B.
& 00., Publishers,
JOHN O. FLOYD, JR. >
79 & 81 William Street,
YORK.
DANA
NEW
Post Offiob Box 4592.
and a constant, healthful growth in banking
with the growth of com-
;
merce. If there
is
not this corresponding development, the old
expansion of business will be checked, while the greater de-
mand
for
Such
results
it
make each one using it pay a larger price.
from such conditions follow no less surely
will
than with the number of shops remaining fixed, rents will
and
is,
a limit be reached to the
finally
what was the
And besides this, there is
A neat file cover Is furnished at 50 cents; postage on the same Is
Volumes bound for subscribers at $1 20.
For
a complete set of the Commercial and Financial ChroniI^°
cle— July, 1865. to date—or Hunt's Merchants' Magazine, 1839 to
teff'
1871. inquire at the oRlce.
what
effect of its action.
one other point essential to remem-
sought to enforce against foreign
banking capital was no larger than, but precisely the same
ber; that
as
is,
that the tax
it
has been enforcing, and
it
moans
to enforce again,
is
against
now striving to devise
home banking capital;
and the same principle applies to
"What will drive one away will, if continued long
yet evidently one
enough, just as surely drive away the other, the only difference being that in the latter case the action
cause
home
week
it is
capital cannot
move
less easily dislodged.
one rooted on the edge of a
cutting, yet
we
all
so readily
cliff will
we gave from
Last week
the rates of
last
be killed by the same
know which would tumble
in results produced, for there are facts
it.
slower be-
is
— as we said
A tree in a meadow and
But we need not theorize with regard
IScents.
city's business.
therefore, obviously important not to forget
the Legislature did, and
both.
Subscriptions will bo continue<l until ordered stopped hy a- written
order, or at the publication office. Tlie rultlislier.s cannot be responsible
for Remittances unless made l)y Drafts or Post-OBice Money Orders.
is
banking machinery must be used, so far as it can be, for the
enlarged work; and when the full capacity is reached, the
It
is
blood
capital should proceed, pari passu,
rise
The Commercial and Financial Chronicle
776.
disturbance to the country's productive machinery.
I
Cotton
Breadstufts
NO.
1880.
8,
C.I
aim of which is to draw from the community support for the Government at the least possible
THE CHRONICLE.
8.
Washington, D.
of taxation, the
477 United States Treasury StateTaxing Bank C.ipltnl
ment
Tlie Luke Shore Kailroad
478
482
Latest Monetary and CommerFree lianklng and the With479
cial English News
482
drawal of Bonds
Biennial Legislative Sessions
480 Commercial and Miscellaneous
Minnesota's State Suiwrvlslon 481
News
484
The Debt Statement for April,
481
1880
Money Market, U.
Co., In the office of the Librarian of Ck>Dgrew,
to
first.
this similarity
which demonstrate
the last Comptroller's report
taxation (State and national separately)
now
and the neighboring cities
of Philadelphia, Boston, Baltimore, and Albany.
That
TAXING
CAPITAL.
The Governor lias sent in this week the anticipated veto statement showed that banks in the cities of this State are
of the bill ta.xing foreign banking capital.
Of course, no paying from 2 to 2| per cent more than similar institutions
one supposed he could do otherwise, as the measure was in either of the other cities. "We now repeat the totals
so plainly and positively injudicious.
Economic laws pre- then given of the tax rates for New York, Boston, 'and
sented theoretically do not influence or impress legislators Philadelphia, and add to each its present bank capital as
in force, against
banks
in this
BANK
when one can be seen
ment becomes very forcible and
greatly, but
stance, the
drop
like
mobility of foreign
for,
of legislative
capital
appears from the last Clearing House report, and com-
it with the total from the same returns made in July,
made it 1872. "We omit Baltimore and Albany, simply because
gun was we have not their reports by us.
in-
pare
Sate of
refer to this subject again, if
experience
Accept
far
argu-
belief in a demonstration.
not so important to our
stood.
banking
"ihe
In this
;
but simply
"We would not
very
manifest.
David Crocket's coon, as soon as the
and hence faith in a principle was
charged and aimed
not called
in full action,
its
towards
people that this
should
teaching,
the
be
and
formation
it
Httle
were
piece
thoroughly undera
true
Per
New
York.
Boston
.
Philadelphia,
CI.
Capital inIncr'se or Decr'te,
187
51
20
$84,420,200
48,050,000
2-7
16.2.35.000
1880.
$60,475,200
49,550,000
16.484,450
Doo.$23,945,000
Ino
1,500,000
Inc.
249,150
.
The conclusion to be drawn from this exhibit is so very
system obvious and irresistible that we can conceive of no one so
we have advanced
of
Bank
Tax.
,
THE CHRONIOLE.
478
[Vor.
The tax rate in New York
accept it.
per cent; as a consequence bank capital
has decreased about 24 millions. In Boston and Philadelphia the tax has been about half that rate, and although
gards connections.
they have passed through the same panic and subsequent
depression, each has increased instead of diminishing its
Cleveland
-obtuse as to
fail to
Las been over
bank
5
Furthermore,
capital.
New York
city is the centre
XXX.
This is especially so at Chicago, where
Mr. Vanderbilt's large interest in the Chicago & North-
west must give
it
a strong hold
;
but the
hauled for a
traffic is
tance, and, accordingly,
last
on business coming from
Chicago furnishes considerably
that line.
we
less freight
much
longer
find that that business
than
dis-
brought
year a revenue of $2,729,629, or almost one-quarter
bank clearings of the entire freight receipts.
The Wabash business is delivered to the Lake Shore at
averaging weekly, this year, over $800,000,000, and with
over 1,000,000 of inhabitants; Boston, on the other hand. Butler and Toledo, and these are the points where any adLas a population of only about 300,000, and weekly bank verse influence would be exerted. The only way, however,
-clearings averaging less than $65,000,000; and yet so much in which it could draw off freight at Toledo would be by
more oppressive have been the tax laws of New York diverting from that point to Detroit the traffic passing over
But trade is not easily driven from old and
State, that our home banking capital has gone on decreas- its lines.
only
is
accustomed
channels to new routes except through superior
it
to-day
ing while the other was increasing, until
mere
advantages,
which the Wabash does not possess.
A
Boston
more
than
that
of
about 10 millions
of the trade of the country, with aggregate
!
of such facts should startle our law makerg.
recital
We
From
the
before
report
us,
we
find
that
877,831
from Butler and Toledo
New York city the banking centre of the world, and yet during 1879, and that the revenue derived from the same
we are pursuing a policy which not only makes that was $1,067,684. Butler furnished 112,782 tons of this,
impossible, but which would even stifle our present busi- yielding $132,084, the larger part of which probably came
Toledo supplied 765,049 tons.
It is
ness growth, if it were not that foreign capital has been from the Wabash.
able to come in here tax free, and take the place of our not easy to estimate just how much Wabash traffic is
when we hope
are all looking forward to the day
to see
included in this
crushed-out banks.
certainly unnecessary to
It is
add anything
to the above.
Last week the noxious efiect of excessive taxation had
a speedy illustration in the case of foreign banking capito-day, in the foregoing, we have furnished the proof
tal
;
of a similar but more harmful result of such laws (though
for obvious reasons less speedy in action) on home bank-
ing
capital.
If,
in the face of these facts, our legislators
fail to furnish the relief necessary,
banks
to resist the
member
it
only remains for our
attempted injustice.
under the
that,
tons of freight were forwarded
late
decision
Court, they have no right longer to
total,
but
it
is
safe to say that the other
roads centring in Toledo contributed a large share of
Analyzing the
figures,
coal, stone, iron, &c.,
tural products, &c.,
tures,
class
we
it.
observe that 111,200 tons were
491,573 tons animals,
flour, agricul-
and 162,276 tons provisions, manufac-
lumber, and articles of merchandise.
The second
the only one to which the
Wabash made
ie,
very
likely,
any decided contribution, but an estimate of the exact
proportion would be merely conjecture.
Yet, even of this
They should re- proportion the probabilities are, as stated, that the Wabash
Supreme could withhold for the line via Detroit but a small frac-
of the
pay these excessive
tion.
As to the business of the Lake Shore during 1879, it
may be said that the traffic operations were very satisfactory,
imposts.
THJi
LAKE SHORE RAILROAD.
and in some respects remarkable. The average cost of
Lake Shore, always an inter- hauling a ton of freight one mile which in 1878 declined
esting document, is especially so just now.
The rumor to the almost exceptional figure of 474 thousandths of a
that the Wabash had leased the Great Western of Canada. cent, declined still further in 1879 and reached the extraor80 persistently circulated of late and repeatedly denied, dinary point of 398 thousandths. This result was brought
has this week again been revived and again been contra- about by a large increase in the movement of freight bound
The mileage *of west-bound freight increased
dicted.
It is difficult to determine just what credence west.
should be given to the story. The oflBcers of the company 190,842,341 tons during the year, an increase almost equal
in this city are emphatic in their denial that a lease has to the gain in the east-bound movement, which was 202, 1 13,been made. It is known, however, that Mr. Joy went to 273 tons.
The addition to the west-bound traffic is the
Europe on a mission from the Wabash. His object, it is important feature of the past year's business, and gives the
now stated, was to secure from the Great Western suit- best guaranty for the future.
This is so in part for the
The annual
report of the
In this he has been reason that the rates obtained are better than those on eastand the managers declare that nothing else has bound traffic, though the difference is much less now than
yet been accomplished. At the same time, they do not in former years, but more especially for the further reason
deny that the subject of a lease has been talked about in- that any increase in this business is almost a clear net
formally and we are left under the impression that the profit, because it entails no additional expense, simply fillWabash is not unwilling to entertain such a proposition, if ing cjiTS returning west which for a long time back have
the terms are favorable, and that it is not disinclined to been hauled empty. It is, therefore, very gratifying to note
able terminal facilities at Detroit.
successful,
;
«xtend
its
system to Buffalo,
But even
if
the opportunity offers.
that the proportion of this traffic to the whole
movement
is
Western should be added to the gradually increasing. In 1878 it was but little more than
Wabash system, the power of the Wabash to do mischief one-fourth; last year it was almost one-third.
in this way to the Lake Shore is far less than is generally
Notwithstanding the reduced cost at which the freight
supposed. The Lake Shore has a superb line between was moved, the profit per ton per mile shows a falling off
Buffalo and Chicago, and its easy grades, fine road-bed, of 10 thousandths of a cent.
This is due, of course, to a
superior facilities, and economical rnanagement, place it in diminution in the rate received per ton mile.
The dea position to carry freight very cheaply.
Any cline does not seem surprising when we remember that for
competitor,
therefore,
that would
grapple with
several months in the early part of the year a bitter
it
for its
business will have
to
cope with an ad railroad war waged, during which grain was carried from
Versary well equipped, thoroughly and efficiently or- Chicago to New York as low as, if not lower than, 20 cents
ganized, and strongly intrenched by virtue of natural per 100 pounds.
This rate certainly did not pay, for calcuadvantages. The Lake Shore is well fortified, too, as re- lating the cost to the Lak« Shore and New York Centra.
if
the Great
M\y
on
THE CHRONICLE.
8, 1860.]
basis of tho figure^given above, -398, (this
tiie
average of
through and
all freight,
and
Buffalo,
and using tho
of the Central
(-,54)
for the
the
the railroad war, referred to above, in subsequent months,
through alone
were influences unfavorable to large receipts in the early
between Chicago part of tho year.
With the revival of activity and tho
local
would, of course, be lower) for the distance
is
479
;
figures given in the last report
distance between Buffalo and
New
York, we find that a charge of 22-68 cents per 100
pounds would be necessary to cover expenses. Before the
restoration of paying rates, decided additions were
made
both gross and net earnings, and the year's business
consequently presents a very favorable showing. The total
gross earnings are still $4,143,017 below those of 1873,
to
owing to tho heavy reduction in ratss, but the net earninga
The following is a de- are the largest in the company's history, and the percenttailed statement of the freight movement east and west, age of operating expenses to earnings has been brought
There could be no better testimony of tha
the revenue derived from the same, and the average rate down to 58^.
of
tho
last
ten
years.
which
mile,
for
each
ability
with
per
ton
per
the road has been managed and tho
received
economy
which has been practiced.
The results of the
Kate
Toil* carried one mile.
close of tho year, however,
the rate mounte<l to 40 cents,
indicating a largo margin of profit.
Xear.
Westward.
Eastward.
Freight
per ton
Earnings. p. mile.
Total.
$
1*870
412,067,065
526,397,486
667,369,119
770,423,785
753,633,140
677,979,702
827,020,640
747,274,720
995,021,834
1,197.135,107
1871
1872
1873
1874
1875
1876
1877
1878
1879
It will
less last
161,967,606
207,:i73.210
257,475,021
283,503,401
245,708,941
265,256,459
30(i.814,188
332,7:10.841
345.445,992
536.288,333
Cents.
8,634,472
10,205,859
12,706,883
14,009,402
11.791,612
9,530,038
9,262,723
1,080,005,561 9,328,249
1,340,467,826 9,83«,li)9
1,733,423,440 11,120,226
574,035,.571
733,670,696
924,814,140
1,053,927,189
999,342,081
943,236,161
1,133,834,828
1-504
1-391
1-374
1-335
1-180
1-010
0-817
0-864
0-7,34
0-642
be observed that the earnings were considerably
year than in either 1872 or 187.3. This is wholly
the result of the large decline in
freight, for the
number
of tons
the rate received for
moved one mile
company's operations during each of the last ten years are
in the following condensed statement
shown
increased,
Oftentting Expenses.
Year.
dross
Earnings.
Per
Amount
Cent.
*
1870..
1871..
1872..
1873..
1874..
1875..
1876..
1877..
1878..
1879.:
14,898,449
8,368,821
9,779,806
17,699,9:15
11,839,.526
19,4t4„)09
17,146,131
14,434,199
13,949,177
13,746,508
11,152,371
10,531,501
9,574,836
8,963,966
8,480,601
8,934,524
13,.509,23G
13,505,1.59
13,979,760
15,271,492
Diti-
A>/
Interest,
d'ndt
Earnings. Rental*, iCe. Per
61-95
65-64
66-90
70-90
65-04
72-96
68-64
66-37
60-70
58-50
Cent.
$
5,140,415
5,118,643
5,860.409
5,667,911
5,993,760
3,902.698
4,374,341
4,541,193
5,493,165
0,336,968
1.825,807
2.121,164
8
H
2.201,4,59
8
4
2,054,500
3,008,193
2,810,294
2.759.989
2,775,057
2,718,792
2,7.54,988
3«4
2
3'<
2
4
6>a
to 1,733,423,440
As to the.business of the current year, no ofiScial figures
was less than half have yet been put forth, but it is known that paying rates
what it was in IS72 or 1873. As showing how the cost have prevailed, and that a very decided increase has taken
of hauling has decreased during the same time, we sub- place in the earning.s.
Curiously enough, cost and rate
join the following table.
AND THE WITHDRAWAL
exhibit the same proportional falling off, the figures for FBEI! BANKING
it
will
be seen, from 924,844,140 in 1872
in 1879, while the rate in the latter year
OF BONDS.
1879 being just about 42-7 per cent of those for 1870 in
either case.
We
also
annex corresponding data
for the
The
we have frequentone of the most conspicuoas defects of the
monetary and banking system of the United States. In the
Freigltt.
J'assengers.
Resumption Laws of 1874 and 1875 Congress attempted
Receipt
Receipt Cost per Pro/it p'r
Tear.
Cost
Profit
per Ton )>er Ton per Ton per Pass, I'ass'ger Pass'ger to remove some <ti the causes of this evil.
Among^
per Mile. per Mile. per Mile. per Mile. per Mile. per Mile.
other remedial measures was that of giving to our banks
Cent.
Cent.
Cent.
Cent.
Cent.
Cent.
2-612
1-504
0-932
1-618
0994 the privilege of voluntarily withdrawing their bonds
1870
0-O72
-843
1-391
0-913
0-478
2-808
0-965
1871
1-374
0-920
0-454
2-599
1-739
0-360 from Washington, and contracting or enlarging at pleas1872
1-335
0-946
2-542
1-802
0-740
0389
1873
The arrangements
1-180
0-767
0-413
2-452
1-595
0-857 ure the amount of their note issues.
1874
1-010
2-378
1-735
0-737
0-643
0273
1875
worked well j
of
Treasury
carry
out
the
plan
have
the
to
0-6." 2
2-090
0-817
0-561
0-256
1-438
1876
0-291
0-864
0-573
2-319
1-539
1877
0-7S0
been
complained
of, but on
and
inconvenience
has
little
0-734
0-474
0-260
2-287
1-166
1121
1878
0-642
0-398
0-244
2-223
1-448
0-775
1870
the contrary the banks and the public were equally
The average cost of carrying a passenger a mile has not satisfied. After five years of uniform practice there was
been maintained at the exceptionally low rate of last year, some surprise at the announcement that Mr. Treasurer
namely 1-16G cents, but has risen to 1-448 cents. The de- GilfiUan wished to change the ruling of the department;
cline in the passenger movement, however, which has been and to adopt the new interpretation of the law of 1874,
steadily going on for some years past, was arrested, there to which we referred on the 17th of April last.
As was
being an increase in both mileage and receipts, though tho anticipated, the Attorney-General has decided that the
percentage of gain is less on the latter than on the former, view of Mr. Treasurer Gilfillan cannot be sustained, and
because the rise in the cost of carrying has diminished the the Secretary of the Treasury has approved the decision,
passenger movement.
ly
inelasticity of the currency, as
shown,
is
1
.
.
profit per ton
per mile.
The movement
in detail is as fol-
Mileage.
year.
Thro lift h
(Ituj^tilo <«
Earnings.
Thr'iigh
I
Way.
Total.
Chicago.)
1870.
1871.
1872.
1873.
1874.
1875.
1876.
1877.
1878.
1879.
which
is final.
We
lows.
39,435, 120 121,064.991 160..500 IM
36.656. 820 106.5 17. 5sr 143.201. 107
43.5(i7. 20(J 118.74l,-J95a62.30S, 49.T
44,439. 300 134.923,87:11179.363, 173
40,120, 380 133,104,192 173,224, ,572
37,227. 600 127,723,261 164.950, 861
47,704, 140 12-,s06,36l! 175,510.,501
32,-164, 800 105,651,M!s|l3«.116, 618
:iO,305. 880 103,396, 141 '133,702. 021
32,610, 300 108,522,017ll41,162, 317
( niift.it
Way.
Tolul.
Chic.)
856,371
799,059
336, ,5Sit 1.192, 9R0
207, ,66:i l.OOti, 72:i
9.30.214
28,*^ ,:i2s
945,072
847,568
759,523
747,821
623.623
5M1,399
582,973
1.21S 54:1
.657' 4.569, 729
,45:ii 4.-J49, 022
163 ,274 3.922, 797
916 ,326 3,664, 147
579, ,575 3,203, 199
621
401
475, ,993 3,057, 392
555, ,030 3,i:i8, 003
have been favored with an official copy of this
document, which gives an exhaustive and complete
examination of the whole subject, so far as was needful
Our
for examining the disputed sections of the law.
discussion.
But
two
or
elaborate
space forbids any
three
points
may be
Taking the entire results of the year's operations, tho
show an increase of $1,291,726 and the net
earnings $843,802 over the previous year.
$998,410 of
the gain in gross earnings was made during tiie last four
months.
The snow storms in January and February, and long postponed.
gross earnings
briefly
referred
to,
especially
have been made about the right of the
Treasurer, after several years of unquestioned usage,
new interpretation of the laws
to
interpose
a
governing the withdrawal of bank circulation. First, it
will be remembered that Mr. Gilfillan's arguments are
not new, but have been frequently urged both in and
out of Congress. It is notorious that on many accounts
the necessity for some action by the Treasury had become pressing, and a final decision could not 'have been
as complaints
Early in April the Secretary referred
THE CHRONICLE.
480
the matter to the Attorney-General, and a few days later
the Chatham National Bank of this city applied to with-
On
Government bonds then on deposit
for circulation. The bank had surrendered its note issues
under the law of 1874, and as its capital was $450,000 the
proposed withdrawal would have reduced its deposit of
Government bonds to $50,000. As the Attorney-Gen-
to the future.
draw $400,000
of
[Vol.
these points shrewd observers, however, differ widely
and many persons are not very sanguine as
Under the new funding bills now before
Congress, it is proposed to limit the rate of interest on
bonds deposited by national banks to three and a-half
per cent, or even to a still lower rate. Every one acquainted with the subject knows that on such terms the
issue of bank notes in many parts of the country would
not be remunerative. Whether these and other like
causes will operate to such an extent as to impose restraints on the salutary growth of banking facilities, or
to cause trouble in the money market at critical periods,
is a problem which is too large and complex to be discussed in this place. What is certain is, that no monetary troubles are likely to arise from any such eources in
in
its
had already been consulted, the Treasurer declined
to permit the withdrawal until the interpretation of the
law was finally settled.
The retirement will now of course be granted, and
hereafter, as ever since 1874, all national banks which
eral
opinion
;
withdraw their circulation will be permitted to
do so on two conditions. First, an equal sum in greenbacks must be paid into the Treasury to redeem the surrendered bank notes; and, secondly, the bauk must not the early future.
withdraw all its bonds, but must leave |50,000 still on
deposit at Washington whether it takes out circulation
BIENNIAL
or not. This voluntary withdrawal of bank notes from
desire to
The
is one of the rcost enlightened and important provisions of the free banking law?,
which have built up in this country a great, system of
monetary institutions whose records of stability, strength
and usefulness will compare favorably with those of the
best banking systems of Europe.
In justice to Mr. Treasurer Gilfillan, it may be conceded that the general impression prevails that the difficulties in the interpretation of the law, which he pointed
out, would have been certainly brought up hereafter for
solution, and that probably the final and satisfactory
adjustment could at no time have been made with less
difliculty or more convenience to the public.
The Attorney General, in his opinion, takes especial pains to say
that " there is enough in the case to render that official
vigilance highly commendable which has raised and
the channels of the currency
made
it
necessary to decide the question."
It is
;
the people, on a very light vote, the trouble being that
the politicians
its
business,
against the
amendment everybody
interest in annual
assuming that
did not think
The
it
it
meetings
;
that had
a personal
while the people at large,
would go through
as a matter of course,
necessary to take the trouble to vote.
result, therefore,
was no
fair
test of public senti-
ment, and the matter will probably be again brought up.
Some testimony, procured some months ago by the
Boston Herald, and summarized by us at the time, is of
direct pertinence, for our people will probably be called
upon to vote on this provision this fall. Illinois has
always had biennial sessions, and the Governor of that
State says the people are so well satisfied that they have
never cared to try annual ones ; on the contrary, the
change to a general session only once in six years has
been prominently urged, and several propositions to that
end were discussed in the Legislature last year ; any
change, he thinks, will be to limit the term of session.
In Iowa the Governor, after having served eight years
as a legislator and two as Speaker of the House, pronounces " biennial sessions emphatically the best and
decidedly the cheapest." Iowa made the change in 1858,
and there has been no disposition to change back. In
Minnesota the Governor said that the biennial plan
In Insaves one-fourth of the current State expenses.
diana the plan has been in use since 1852, and the Gov-
In a perfect
issues at will, so
we might
— whom, as one shrewd observer remarked,
would " winter-kill"— quietly rallied
biennial sessions
impos-
;
its
;
;
banking system it is of course as important to secure
wholesome expansion as contraction and the elasticity
of the currency requires that an enlightened, liberal
policy should be adopted. Now that all doubt has been
removed, and it is known that without question a national bank in Boston, New York, New Orleans, Chicago,
meet the wauts of
change the meeting
by constituamendment, which passed the Assembly in April,
187P, by 91 to 17, has now passed that body by 78 to
29,
Of the 38 States, 29 (and all the territories) now
hold biennial sessions, some of the newer States merely
following, in this respect, their custom while in the territorial condition.
Moreover, 21 States, not all of which
have biennial sessions, have limited the term of sessions.
One makes 120 days tiie limit nine make it 60 days
In Confour, 40 days
the rest, from 45 to 90 days.
necticut, as our readers will remember, the amendment
which went almost unanimously through the Legislature about a year ago, was unfortunately lost, before
Secondly, the opinion has prevailed in some quarters
that the decision under review will tend to augment the
bank note issues, and to give responsive expansion to
as to
joint resolution proposing to
tional
however, that much confusion would have
been produced if the views of the Treasurer had preSome of the most beneficent efifects of the law
vailed.
of 1874 would have been lost. Many banks in different
parts of the country would have beeu compelled to buy
bonds for increasing their circulation, contrary to their
wishes, and no bank could have reduced its bonds and
circulation below the limit of one-third of its capital,
however desirable and conducive to public and private
interest the reduction might be.
To what extent a
proper amount of elasticity can be developed in our
bank note issues under existing laws, may be questioned,
but we are at least preserved by the late decision from
taking a step backward.
or elsewhere, can enlarge or contract
LEGISLATIVE SESSIONS.
of the Legislature from annual to biennial,
sible to deny,
the volume of the monetary circulation.
XXX.
ernor, after nineteen years of legislative service,
antici-
pate that the rigid inelasticity of the currency would be
corrected, which for so many years has caused our national bank notes to remain outstanding long after the
advocates
changes
had a
in
it,
citing as one advantage that
it
warmly
" prevents
laws from being made before legislation has
fair trial."
It is a striking fact that all the testi-
wants of business had ceased to which their origin was mony of experience is on one side, no State which has
due ; and that on the other hand, new issues of bank once had biennial sessions having gone back to annual seEnotes would be emitted in obedience to the real needs of
The only States yet retaining annual meetings
sions.
commerce and the legitimate interests of the country. are Maine, Rhode Island, Massachusetts, Connecticut,
,
May
New
THE CHRONlCLb^
8. lf80.J
New
York,
Jersey, South Carolina, Louisiana, and
Henry Knox,
justly thinks
capital), while
gance, choke off jobbery, improve the quality of legis-
deficient
—
and avoid general disturbance and anxiety,
desirable to
make
legislative sessions less frequent.
lenislatures all
and always composed of the
material in the State, of
men impressed with
it
is
Even
best
the sense
of serious responsibility, rich in old-fashioned wisdom,
and to whom no unworthy suggestion could be offered,
they could not find enough to do to j uslify annual
meetings, and they would be the first to show this, by
doing their simple work and going home. But, legislatures being what they are, they are a disturbance.
The
good they might do but will not the bad they can do
and (for all the guaranty there is) they will do keep us
When they meet, trouble begins; when
in agitation.
—
—
all
nesota banks are exceeding the
To present arguments in favor of this plan is like
arguing for virtue one hardly knows where to begin.
Experience has only added proof, in this matter, to
To just the degree
what was already manifestly true.
that it is desirable to reduce expenses, cut off extrava-
were
some provision of such
needed, for he has found that
"Wisconsin.
lation,
481
sort
is
bat three of the Min-
limit
prescribed in the
National Banking Act
some
(one-tenth of the actual paid-in
hold liabilities of a single debtor for
over one-fourth, one-third, and, in one instance, over
one-half of capital and surplus.
The State law is also
not imposing any restriction on loans to
in
upon loans on security of a bank's own
not requiring the accumulation of any sur-
directors, or
stock,
and
in
Six banks have made such accumulation without
requirement, but the law requiring, as an item in quarterly reports, the publication of amounts due to direcplus.
been generally obeyed.
tors has not
Of the
77 counties reporting, 18 have designated depositories of funds, and report interest receipts thereon ; 34
deposit in banks not designated
deposit in banks.
by law, and 12 have no
come to be
Interest on deposits has
many counties, as a perquisite of the treasIn 34 counties, the report estimates, on the basis
of interest returned by some others, there is a public
considered, in
urer.
they go, we draw a sigh of relief that, for a period of loss of some $13,000 a year, but of course this loss is the
some months, there will be nothing more uncertain, as smallest part of the injury. The tendency is to put the
well as of more universal influence, than the weather. oflice in hands of dishonest or only half-honest men, and
When the session begins, investments feel a retarding to produce a slackness which begets dishonesty by
go into new permanent
everybody feels a special duty of caution,
to wait a little and see whether any conditions are to bo
upset by the legislative tinkers.
It happens that the present session at Albany has supplied additional evidence that the measure ought to go
through. Bills are being pitched through in the last
weeks after the weightier party squabbles are over, the
unspoken thought being that if they are not found to be
influence;
capital hesitates to
enterprises;
right they can easily be
made
right next year.
Besides,
there has perhaps been no session for several years
in
which legislative work, done and possible to be done,
has had so obstructive and demoralizing an effect upon
»
had come to be a quite general practice to
from the books until three different
dates in the year
at which time, called settlement days,
tax receipts were required by law to be distributed to
credit of the funds for which they were severally assessed
then to assemble the various items, from loose slips of
paper, and " write up " the books, afterwards destroying
many of the slips. What sort of book-keeping would
result from such a procedure may be left to imagination;
degrees,
withhold
it
all
entries
—
—
it
is
evident that a practical course of instruction in
accounting, enforced by a sharp personal responsibility,
is
not amiss in case of county matters, which, in
many
and counties, are in charge of men
the financial markets. Were any further evidence possessing only a slight education and no business-like
wanted of the great practical relief to be given by less habits.
We need not cull further from this extended docufrequency of legislative sessions, this session would have
ment, which certainly seems to justify the existence of
supplied it.
the law that created the ofiice, and to prove that the
MINNESOTA'S STATE SUPERVISION.
present incumbent of it is doing good and needed work.
We have received the second annual report of Mr. The defaulting county treasurer is not unknown in the
Henry Knox, Public Examiner of Minnesota. This East as well as elsewhere, and the very great confusion
ofiice was created two years ago, and under it authority of local accounts generally has become notorious
for
is given to exercise supervision over the books and ac- one point, it was, a few years ago, and probably still is,
counts of the public, educational, penal, charitable and impossible to ascertain the aggregate of municipal inreformatory institutions, and also to inspect and super- debtedness throughout the country the difficulty was
vise all banking, savings and other moneyed corpora- not onl)' that the information could not be procured, but
tions created under laws of the State.
The several that it did not exist in all cases nobody knew. A pub
branches of government supervision, as existing in this lie examiner might prove a good investment for some
State, are thus combined under one administration
a other States than Minnesota.
consolidation which is practicable in Minnesota, wherd
THE DEBT STATEMENT FOR APRIL, 1880.
there are only fifteen banks of issue and eight savings
The following is the official statement of the public debt as it
bank?, though the Legislature has added the peculiar
appears from the books and Treasurer's returns at the close of
agricultural States
;
;
—
;
feature of extending the examinations to county finances.
gives the Public Examiner wide powers as to
these.
He is " to expose false or erroneous systems of
day of April, 1880:
INTEKE8T-BEAEING DEBT.
business on the last
The law
accounting, and,
when
necessary, instruct
State
and
county oflicers in the proper mode of keeping the
same;" to approve or reject sureties proposed; to require verified statements of account at will, and to visit
irregularly, but not less often than once a year, all
county oftices and make a thorough inspection.
It seems that the banking laws of Minnesota leave entirely unrestricted the amount which may be loaned to
any single borrower, and the Public Examiner, Mr.
Anioimt Outstandiug.
Character
of Issue.
AutliorIzing Act.
Wticn
Payable.
iS»<
Feb.
8.'C1 Dec. 31, '80
2,'Gl July 1, "81
17,'til June 30, '81
3.'H3 June 30, '31
14,'70 .May 1, '81
14,'70 Sept, 1,'91
68 of 1880..
Os.Or.War..
6j of 1881..
«8 of 1881..
58 of 1881..
4>28 0f 1891
48 of 1907..
Mar.
July
Mar.
July
July
July 14,'70
4s, ref. ctf-s
Feb. 2G."9
1907
J.&l.
S.&3.
3.&J.
3.&1.
i.-F.
;.-M
!.-J.
Registered.
$13,469,000
121,822,100
51,671,450
200,379,800
170,246,800
525,900,250
Coupon.
$3,244,000
753,950
41,566.100
14,431,700
202,509,500
79.753.200
213,422,600
Sl,173,489,4OO;$5."i8.694,050
38,uavy ii.fd July 23,'G8
Aeerosrate of interoat-licarlng debt..
$1,521,950
14,000,000
$1.747,698.400
THE (;hroniclk
482
of Interest
the above Issues of bonds tUerc U a total of $3,320,083
not vet culled for. The total current accraed Interest to
date U $15,014,s;j4.
Ou
ov-ernliie unci
Wmca INTEREST
DEBT ON
HAS CEASED SINCE MATIIKITY.
uevcr
There Is a total of over-<lue debt yet outstanding, which has
*«40,<101
been presented for pa.nnent, of $8,877,635 princiiial and
Imnils,
Wicit. Of this interest, $710,893 is on the principal of railed
do 1804,
vhich principal is as follows: 5-208 of 1862, $393,800 do
18(.<,
«683->6: do 1865. $117,050; do 1865. new, $641,400;
$3.306,4o0;
3 s certa.,
10-408
of
1864,
12,681,400; do .1868, $968,500
$0,000.
:
;
DEBT BEARING NO INTEREST.
—
$61,090
346,681,016
8,760,000
15,604,587
;
;
M
—
MAT
Fractional
.silver
1,
.$138,783,440 08
and minor
8,230,600
12,043,720
•
coin.
Francisco exchange
8, 1872. ..
Quarterly iiitc^rcst checks and coin coupons paid.
Registered and unclaimed interest paid
U. S. bonds and interest
Interest on District of Columbia bonds
Deficits, unavailable funds
Speaker's certiticatcs
Pacific Railroad interest paid
$262,113,007 81
i,7 17
EECAPlTUIiATIOIy.
|^0ttctai;ij g^onxmctcial
Amount
Interest.
Outstanding.
Bonds at
Bonds at
Bonds at
Bonds at
—
—
Certificates of deposit
Fractional currency
silver certiflcatcs
$18,S64,918
849,404
$19,822,099
$2,147,957,048
Debt, less cash in Treasury, May 1,1880
Debt, less cash in Treasury, April 1, 1880
$1,908,314,753
1,980,392,824
Decrease of debt during the past month
Decrease of debt since June 30, 1879
Current Liabilities—
Interest due and unpaid
Debt on which iuteicst has ceased
$12,078,070
58,892,502
$3,320,083
8,877,635
849,404
20,274,320
8,760,000
157,382,951
Interest thereon
<3old and silver certificates
U. S. notes held for redemption of certificates of deposit
Cash balance available May 1, 1880
$199,164,393
Total
Available Assets—
Cash iu the Treasury
$199,404,393
BONDS ISSUED TO THE PACIFIC RAILWAY COMPANIES.
lsterest payable by the united states.
Amount
by U.
outstanding.
Issue.
S.
repaid
'
.
l"
Total
$04,623,512
I
by U.
S.
$2,968,561 $14,399,846
2,370,183
2,435,519
7,590,488 11,047,093
47,621
1,159,259
9,367
1,245,004
98,397
1,023,953
..'
.
Ijy
transportat'n
$25,885,120 $18,016,680
.Kansas Pacific ..i
6,303,000
4,805,703
Union Pacific
27,236,512
19,238,182
Central Br., U. P.'
1,600,000
1,213,808
Wcstorn Pacific
1,970,560
1,254,431
BioujcCity&Pac.!
1,628,320
1,122,350
•Central Pacific
Balance of
interest paid
Interest
Interest paid
$45,051,155
$13,034,619 $31,911,33
The Pacific Railroad bonds are all issued under the acts of July 1,
1862, and July 2, 1864 tliey arc registered bonds in the denominations
of $1,000, $5,000 and $10,000; bear 6 per cent interest in currency,
payable January 1 and July 1, and mature 30 years from their date.
;
UNITED STATUS TREASURY STATEMENT.
The following statement, from the
office of the Treasurer, for
April, was issued this week.
It is based upon the actual
returns from Assistant Treasurers, depositaries and superintendents of mints and assay offices
:
LI.VEILITIES, MAY' 1, 1880.
Fund
for redemption of certificates of deposit,
June
8,
.„1872
Jost-otnce Department account
Disbursing ofllcers' balances
Fund for icrtciiiiiticm of notes of national banks " failed,"
"ill licjuidaticm."
and "reducing
cii-cul.ition"
Undistribulcd nsscts of failed national banks
Five per cent fund for redemption of national bank
_""t<'?
*uud
;
Co
and
due and unpaid
Called bouds and interest
Oldaebt
Gold certificates...,
BilycT certificates
Kcfuiiding certificates
Balance, including bullion fund
&
70,31
oil' i).'
1
00
31 137 go
P. icaual
.
;^reasurer U. .8., agent for paying "interest
1 reasiirer s tiansfer cliecks outstanding
Ti-easiii-er's general account—
Intercast
L.
18,841.206 25
750,042 22
15,449,709 48
284,170 00
2,702 22
-.
redemption of national bank gold notes
and minor-coin redemption account
Fractional silver-coin redemption account
for
•Cunciic-y
Interest .account
Interest account. Pacific Railroads
$9,160,000 00
3,046,978 70
17,863,330 85
cV bonds'.
$9,481,199
8 901,842
825,106
8,230,600
12,043,720
1.524,950
152,621,896
Time.
®25-30
April 23 Short.
3mos. 25-42i2®25-47^
"
25-47iaa25-52^ Api-ii 23 Short.
3 mos. 12112 ®12-2i2
April 23 Short.
Short. 12-3% & 12-414
April 23
3 mos. 2003 @20-67
"
20-63 ®20-67
Berlin
Hamburg
.
Frankfort
. .
2003 ® 20-67
**
Vienna
Genoa
**
12-7I2
"
27-90 S>27-95
2411ie®2413]8
4711iQ®47I32g
St.Petcrsb'rg
It
Madrid
*'
"
Cadiz
90 days
Lisbon
Alexandria..
..-.
New York...
Bombay .... 30 days
*•
Calcutta ....
Hong Kong..
Shanghai
-g'
12-1212 April
April
April
April
23 3 mos.
23
22
22
Rate.
25-2813
25-36i2
12-O713
20-50
1109
25 14
48-75
47's®48
527]:6®5-29ifl
Is.
Is.
April
April
April
April
April
April
8d.
8d.
22 3 mos.
2H Short.
23 4 mos.
23
23
23
97
4-84
Is. Siied.
Is. 8ii6d.
38. lOd.
5s. 2=8<i.
(From our own correspondent.)
LoNDOK, Saturday. April
24, 1880.
The Bank return published this week is of a most uninteresting
kind, and yet it shows that some important repayments of
advances have been made by the public to tlie Bank, without
any trace of them being apparent. Evidently, therefore, as
was undertsood at the time, they have been effected with facility, and hence it is contended that there are no indications of
immediately dearer money. It has long been the opinion that
during the early summer months the rates would continue to
rule easy in this cotlntry, and there is still reason for maintaining it. Our payments on account of imported merchandise fall
off as the crop year approaches its termination, while, in most
The
the exports of the country are maintained.
exchanges rule, therefore, in our favor, and we are enablad to
prepare for the business of another season. This seems to be
the position of affairs at the present time ; but perhaps business is more than usually quiet, owing to the change of Ministry and to the uncertainties which some persons entertain -with
regard to the political future. In a few days, no doubt, a
Ministry will have been formed, and when that is accomplished
there will probably be another revival in business ; but, at the
same time, it is well to bear in mind that the recent speculation
in metals and certain descriptions of grocery produce has been
attended with heavy loss to those who were not foremost in it,
years,
Mincing Lane some recent difficulties, which have
brought about any suspensions, have caused some
dulness to prevail, as numerous realizations have been necessary.
The weather continues remarkably fine, not only in this counWheat is everytry, but in all wheat-producing countries.
where falling in price, and there are indications of cheaper
and that
in
not, however,
food.
If the political situation
should be satisfactory, there
would seem to be nothing calculated to check a further develop327000
ment of our commerce, and this is sanguinely anticipated.
244!801
1
2.723 ,u.
877 »
40
Money during the week has been in fair request, but without
any activity being apparent. There is a moderate supply of
capital seeking employment, and tlie rates of discount are
quoted as follows
,
34
74
81
00
00
00
73
Latest
Date.
Kate.
Short. 25-25
Amsterilam
Amsterdai^
Total debt, principal and interest, to date, including
.$2,167,779,147
interest due not presented for payment
199,464,393
Total cash in Treasury
Character of
Time.
Paris
Paris
7,777
,
OkAutwerp
$391,381,013
Total debt bearing no Interest
tJnelaimed Paciflo RaUroad interest
EXCHANGE ON LONDON.
Ai'KiL 22.
346,742,106
8,760,000
15,604,587
20,274,320
Old demand and legal-tender notes
Total
EXCHANGE AT LONDON-
.,747,698,400
8,877,635
Total interest-bearing debt
Debt on tchich int.lms ceas'd since mat'rily
Dtbl hearing no interest—
g wglisTt ^tms
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
$249,961,300
4H2.8S9.300
250,000,000
739,322,850
1,524,950
14,000,000
6 per cent
5 per cent
4% per cent.
1 per cent
Refunding cortiftoates.
Navy pension fund
Gold and
00
95
04
00
00
79
33
00
86
35
87
00
00
00
59
75
49
286 82
690,848 30
142,622 60
Nationul bank notes
National liault gold notes
Fr.actional currency
Deposits held by national bank depositories
$391,381,013
Aegrcgateof debt bearing no interest
Cm.claimed Paciflo Railroad interest
Ititertst-hearinfi debt
40,411.673
22,707,672
5,007,331
173,800
5,428,354
26,474.279
5.403,539
184,510
57,886
10,081,517
1,298,434
1,660,500
105
175,000
662,355
3,665
2,705,244
coin
Silver bullion
Gold certificates
Silver c'crtirtcutes
UuitcMl .Slates notes
Niclicl
1
XXX.
1880.
;
One and two-year notes, &c
Redeemed certificates of deposit, June
Amount.
July 17, '61; Feb. 12, '62
Old demand notes
Feb. 25, '62 Jul}' 1 1, '62 ; Mar. 3,'63
JiCKal -tender notes
Cerlitlcates of deposit June 8, '72
Fractional curreuej'.. July 17,'62 Mar. 3, '63 June 30,'64
March 3, '63
Gold certiBcates
February 28, '78
Silver cortlflcates
:
ASSETS,
Gold coin and bullion
Standard silver doll.ars
New Yolk and San
Authorizing Act.
Character of Issue.
lvol.
.
Bank
193,629,405 62
$262,113,007 81
rate
Open-mai'ket rates—
30 and 60 days' bills
3 mouths' bills
Per cent.
3
S^s
2Sii
Per cent.
Open-market rates—
'2^*2%
4 mouths' hank bills
2''8 2'3
6 months' bank bills
bills.
3 'a.3ia
trade
4 & 6 months'
Mat
The
THE
8, 1980.]
rates of interest allowed
(CHRONICLE.
by the joint-stock banks and
diflcount houses for deposits are as follows
Per
cfsnt.
Joint-stock banks
PigcouDt bouses at call
Do
wltU 7 or 11 days' notice
Annexed
2
2
2'4
a statement showing the present position of the
Bank of England, the Baak rate of discount, the price of Consols, the average quotation for English wheat, the price of
Middling Upland cotton, and the Bankers' Clearing-House
return, compared with the three previous years
is
:
1880.
Circulation. incUiding
1879.
1878.
£
Si
Hank poHt
1877.
£
£
27,411,210 29,.163.360 27,97.1,842 28.38.1.390
6,.")99.981
c.iss.asa
7,845..')87
6,473,216
Other iliposlts
20,627.370 32.3y2,.'")(i7 21,057,^01 22,477,887
Go\ iriiiiit securities. 15.962,730 14,906,801 16,437.4«8 15,3-.>9.»01
Other siMiirities
18,822,642 22,377,047 20.338,068 19.269.702
Kcs've of notes & coin 16,160,749 19,738,155 10,050,547 12,204,320
Coin and bullion in
both departments.. 23,275,159 33,770,805 22,703,582 25,079,710
bills
Piiiiiic iii'posits
Proiiortion of reserve
to liabilities
48'50
.5019
rate
2 p. 0.
3 p. c.
Consols
98 '8
98''a
EiiK. wheat, av. price
41s. 2d.
478. lid.
rfid. Upland cotton
Mid.
6'4d.
615i8d.
ClearluKlIousorot'n. 136,434,000 109,587,000
Bank
I
2
1. c.
c
p.
94T'8
p. c.
9.1 14
A8'd
of their actual requirements.
The trade closed,
however, with a stronger appearance, chiefly in conseqaence of
the American markets having assnmed a better tone, an advance
of about 2s. Od. per quarter having taken place in New York
compared with the lowest price of the week. American supin excess
though still large, are reported to be less abundant, but
the Continent and ourselves are still capable of absorbing largo
supplies before another crop is gathered in, and hence tha
recovery which has manifested itself during the laat few days
has by no means occasioned any surprise. No doubt, as
long as the weather remains favorable the trade will continue
to show indications of weakness, but adverse accounts regardiojf
plies,
the growing crops would speedily influence the market, and
induce holders to demand higher terms. The fact must not bo
lost sight of that Europe is very bare of wheat, and that
a
considerable quantity of foreign produce will be required until
new crops have become available. The Continent has been
the
importing largely of late, and there are evident signs of tbe
approaching exhaustion of last year's crop. Even admitting
makes the probability of wheat rising in price
more remote, as the area whence we can draw supplies becomes
In the market for gold there has been no important feature. more extended, yet the quantity of native-grown produce is
The arrivals have been very limited, but there has been a more and more curtailed, and there is a corresponding increase
moderate export inquiry, which has been met chiefly from in the demand for foreign grain. As far as this country is constocks held here. Silver was rather firmer at one period of the cerned, it is quite clear that we shall be compelled to buy very
week, but the market closes quietly. Mexican dollars are largely abroad during the next three months, as stocks are
scarce and rather dearer. The following prices of bullion are small, while the quantity of home-growa wheat in the hands
of farmers is already at a very low point.
from Messrs. Pixley & Abell's circular
During the week ended April 17, the sales of home-growa
GOLD.
s.
d.
8.
d.
Bargold, flno
per oz. standard. 77 9 a
wheat in the 150 principal markets of England and WalesBar jrold, containinK 20 dwts. silver, per oz. standard. 77 lO^s »
Spanish doubloons
per oz. 71 6 a 75 6 amounted to 27,586 quarters, against 47,640 quarters last
South Anicrican doubloons
peroz. 73 9 »
year; while it is computed that they were in the whole kingdom
riiiliMl stalls ;;.)lcl coin
Si^a
51s. lid.
S'Sind.
838. 9d.
05,038,000
78,966,000
that each week
618(1.
.
peroz.
peroz.
Ueiuuiu gold coin
76
76 314®
SILVER.
d.
per 02. standard, last price. 51 ''a
Barsilver, eontaln'g 5 grs. gold. peroz. standard,
52 14
do
Cakesilver
iwroz. 56
McNie.-iu dollars
peroz. 51?i
Clilliau dolUirs
peroz.
Qiucksilver, £6 17s. Cd.
Discount, 3 per cent.
Bar
.
110,500 quarters, against
.
India Council
rupee.
bills
The following
were sold on Wednesday at
Is.
190,560
quarters in 1879.
Since
harvest the sales in the 150 principal markets have beea
1,025,142 quarters, against 1,805,379 quarters; and it is estimated
d.
a
®
&
silver, fine
that they have been in the whole Kingdom 4,100,600 quarters,
against 7,221,500 quarters in the corresponding period of last
season. Without reckoning the supplies furnished ex-granary
...
a;
®
7%d. the
are the current rates of discount at the prin-
cipal foreign markets
Bank
Open
Bank
market.
Open
rate.
rate.
market.
Pr. ct.
Pr.
ct.
Pr. ct.
Paris
2^3
2isa2>4
Amsterdam
3
2%®3
Brussels
Berlin
3'2
3
S314
Genoa
(Jeueva
Madrid. Cadiz
&
4
4
2i2S2%
2>4®2'2
Frankfort
Barcelona
Lisbon & Oporto.
4
Vienna
4
2'->g&2'i
3i4ffi3>a
New York
6
5
Hambtu-g
St.
Petersburg
...
The Metropolitan Board
Copculmgen
4
31294
Total
4
6
4
.
43413
Deduct
»5
wlieat
.112^6
4
am
wheat
i.ssue
of
per cent interest per annum, and no tender will be entertained which is below par for every £100 stock.
66,375,131
66,771,825
40s. 4d.
528. 8d.
gage Company of Egypt,
of which one-half is to be
for the season.
473. Od.
Oats
Peas
Beans
15.805.590
6,817,909
676,430
54,042,55049s. 7a.
1877-8.
1876-7.
37.2.10.7'^7
•.>,381,S23
24,011.761
7.69.1.0.16
1878-9.
6,756.923
1,021.923
810.041
19,833,047
5,536,105
7,108.595
1,140.021
2.328.449
19,939.700
5,767,668
3,179.283
20,879.283
3,970,119
1878-9.
1,157,691
90.945
60,029
12,582
7,223
1877-8.
1,239,735
1876-7.
6.50.316
39.2!i6
296.609
91.600
146.8.35
36.553
79,263
20.130
21,103
330,845
43,895
26.164i
30.7i>4.!)'
9.7.11.923
6,3Sit.2S3
(Slin.noi
EXPORTS.
1879-80.
Wlieat
Barley
cwt.
Oats
Peas
subscription in £20 shares. It is not proposed to call up more
than £10 shares. The promoters think that a wide field is open
Beans
Iiulian
Egypt
com
Flour
for the success of undertakings of this class, and there
doubt that, if the business is conducted with judgment, it
no
will prove remunerative.
The stock markets during the week have been rather quiet,
the Slinisterial crisis having induced speculators to await the
The
1.3:K).'<13
1.671.3.10
Indian corn
Plour
in the first instance offered for public
861.312
19,713
74.333
81,071
27,038
568.554
106.421
24,483
10.058
16.174
EnsUsIi market Ileports— Per Gable.
The
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown ia
the following
fineness of the
weather has, however, produced a firm tone, and an advance
has been established, especially in the department for Briti.sh
railway shares. United States railroad bonds have been dull,
and the quotations have had a downward tendency.
Owing to the favorable weather and to the satisfactory reports
respecting the growing crops in most parts of the world,
the
trade for wheat was dull at the cominenceraent of the week,
and prices .showed an average decline of about 2s. per quarter.
The weakness of the New York market was an additional cause
for depression, and millers showed no inclination
to purchase
1879-80.
cwt. 39.2 16.719
10.700,243
8.688.835
Wlicat
Barley
limited, with a capital of £1,000,000,
course of events before operating largely.
55,319,030
niroBTS.
4,
6 per cent bonds, the total applications being
£76,000 at prices ranging from the minimum of £96 to £101 as.
The balance has been allotted at the minimum.
A prospectus hai been issued this week of the Land & Mort-
is
62,302,195
will be received at the
Harbor Board
in
1,283,630
with ths corresponding period in the three previous seasons:
Bank of England on Tuesday,
for £1,476,000 in Treasury bilk of the usual amounts.
Tenders have been received this week for £89,000 Oamaru
May
68,055,455
1,249,291
The foUow^ing figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.»
from the first of September to the close of last week, compared
£1,750,000 in Consolidated Metropolitan stock, which will raise
the debt of the Board to £16,984,325. The stock will bear
3}^
Tenders
67,024,422
968.233
of
flour
Av'kc price of English
6
Works announces an
63,770,428
exports
and
Result
oijt^Oi-i
Calcutta
of
1879-80.
1878-9.
1877-8.
1876-7.
Imports of wheat. cwt.39.216.719 30.794.977 37,250,787 24,011.761
Imports of flour
6,817,909
5,53a,l!15
5,767,668
3,970,lia
Sales of liome-grown
produce
17,735,800 31.293,250 25,037,000 27,337,150
I'r. ct.
4
4
commencement of the season, it is computed that the
following quantities of wheat and flour have been placed npoa
the British markets since harvest:
at the
summary:
—
London Monty and Stock Marktt. The bullion in the Bank
of England has decreased £158,000 daring the week.
Silver,
peroz
d.
Consols for money. .#.
Consols for account .
u S 5 f msi
|
.
uisiiissof l8_9i";'.;;:!
U. 8. 4s of 1907
Erie,
common stock
Illinois
Central
PennsyUania
PhlladelphiatSc Beading.
8.at.
Mon.
Tnes.
May
May
May
52»ia
3
52318
995ig
9938
:
I"
4.
521 18
99Bi
9938
105
105
lll?i
lilia
10958
43 14
1071s
100^
435i
108^
5.1 !.«
55
30^1
29%
Wed.
Thurs.
Jlay
May
.">.
52I18
995,0
997i«
6.
52^i«
993ig
99'l8
Fri.
May
t.
523i«
995i«
9»7i,
105
105
1111.3
Ill's
IIII3
109 1.J
109 13
105
43I4
42»8
107 Hj
1071-2
30%
55 la
30 '8
1091-3
39%
106
5JI3
2i%
THE CHUONK^LE.
484
Mon.
Sat.
d.
t,
Plonr(cx. State)fcent'1.14
Wheat, wIi.,No.l,100 Ib.lO
Bl>rini,',No. 2...
"
WintiT.West.,!!.
Boutlieni, new .
Av.Citl. wliite..
"
"
1
Pet'leiim, spirits "
97
49
14
1
8
4
10
4 11
1
74
Tues.
Wed.
d.
d.
34
74
37
Fri.
d.
«.
«.
65
34
65
33
34
73
87
74
®
Thurs.
(i
6
6
Frl.
d.
..
®
..
.
i^amnuTcciaX miCiMXisctXXmuaxts ^exus.
—
Imports and E.xports foe the Week. The imports of last
week, compared with those of the preceding week, show
an increase in both dry goods and general merchandise.
The total imports were $11,439,920, against $10,908,842 the preceding week and $12,273,708 two weeks previous. The exports
for the week ended May 4 amounted to $8,538,857, against
The
$3,19<5,934 last week and $7,555,588 the previous week.
following are the imports at New York for the week ending
(for dry goods) April 29 and for the week ending (for general
merchaniise) April 30:
rOREIGN IMPORTS AT
NEW YORK FOE THE WEEK.
1877.
$1,261,231
4,926,924
1878.
$1,182,941
4,133,329
1879.
$1,250,991
4,975,766
$2,471,517
8,965,403
Total week
$•3,188,155
Prev. reported.. 110,272,108
$5,316,273
96,984,963
$6,226,757
102,838,451
$11,439,920
165,154,026
Dry Goods
General mdse...
1880.
Total s'co Jan. l.$l 16,460,263 $102,301,236 $109,065,208 $176,593,946
In our report of the dry goods trade wiU be found the imports
of dry goods for one week later.
The following
specie)
is
a statement of the exports (exclusive
from the port of
New York
1871
1870
1869
1868
Balances.
of
Payments.
Receipts.
4 11>{«
4 11
34
74
37
74
©6%
6
,770,146
1,486,638
1 ,657,739
640,021
table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the iiame,
for each day of the past week:
6
7
Thurs.
d.
6,504.891
1,563.483
S.ame time in—
$3,009,745
6,888,327
8,610.041
2,826,330
in-
187
1874.
1873.
1872.
i
9
10
10
9
410
Wed.
s.
65
31
34
74
37
74
*3, 004.296
10,9.50.564
The following
May
d.
ft.
d.
«.
—
d.
.
9 9
10 4
10 6
63
34
75
37 6
75
Mon.
.
9
4
6
Tues.
d.
34
35
d.
®
14
10
48
—
s.
Sat.
.
2
97
65
6
14
10
10 1 10 1
4 9ia 4 10
London Petroleum Market.
« gal.
2
10 1
4 9
Mon.
Sat.
d.
«.
Tliura.
d.
14
10
9
10
10
48
Pork,WPSt.me8S..¥bbl.65
Bacon, long clear, cwt.. 34
"
35
Short clear
Beef, pr.mca.'!, S tierce. 73
Lard, prime We«t.^cwt.37 6
Cheese. Am. choice " 75
d.
Fi-1.
s,
14
10 1
9 10
10 3
10 5
Liverpool Provisions Market.
.
B.
96
48
Wod.
d.
Tues.
d.
s.
9 10
10 3
10 5
"
9 6
"
10 I
Califoniiii dub.
Coni,mix.,W.old»oont'I 4 9
do do now. "
Petleum, ref
1879
1878
1877
1876
Market.—
Liverpool Breaditufft
Same time
Same time in—
^b special report on cotton.
Liverpool Cotton Market.—
XXX.
[Vol.
"
"
S
$
1...
3...
4...
5...
6...
7...
615.955 91
32
63
33
68
821,925 33
1,311,206
939,543
962,858
931,981
1,053,915 25
3,03.5,211 57
1,041,824
1,094,293
2,537,460
1,566,086
Currency.
Gold.
62
33
38
34
$
$
99,752,905
93,433.289
98.235,519
97,847.022
95,933,434
94,937,415
80
80
06
16
23
43
6,770,372
6,395,931
6,541,476
6,798,538
7,006,647
7,278,499
06
81
58
48
71
50
5,613.476 24 10,323,791 51
Total
—
U. S. Legal Te:jders and National Bank Notes. From the
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three months past
U. S. Bonds held as security for
Xalkmal Banks.—
Feb. 29.
March 31.
April 30.
Bonds for circulation deposited-.. $5,268,800 $5,126,500 $3,319,100
Bonds lor circulation withdrawn. 7,306,630
4,198,500
3,971,500
Total held lor circulation
302,728,050 363,656,030 363,003,650
Bondsheldassccuiity for deposits 14,617,000 14,672,000 14,742,000
Legal-Tender Notes.—
Deiwsited in Troasiuy under act
of June 20, 1874
2,138,556
570,100
1,049,380
Total now on deposit, including
liquidating banks
18,363,257 18,600,747 19,126,740
Total entered under act of Jan. 14,
1875
35,318,984 35,318,984 35,318,984
Tot.'il .amount of greenbacks outstanding
346,681,016 346,681,016 346,681,016
National Bank Circulation
New circulation is.sued
703,490
1,143,4.50
1,316.880
Circulation retired
797,412
395,360
696,537
Total notes outstanding
Currency. 342,210,867 342,958,957 343,579,300
Gold
1,426,120
1,426,120
1,351,350
Notes reo'vd for redem'n from—
NewYork
1,709,000
1,023,000
1,761,000
Boston
549,000
296,000
246,000
Phihadelphia
210,000
171,000
326,000
Miscellaneous
1,494,000
1,652,000
1,673,000
—
$3,962,000 $3,142,000 $4,006,000
called to the removal ot the well-known firm of
Messrs. Latham, Alexander & Co. from Nos. 37 and 39 to the
new building. No. IS Wall Street, at which number they
formerly had offices. This firm makes the cotton commission
busine.ss a specialty, as well as banking, and their customers
will now find all facilities for business in their new and elegant
offices in the magnificent building 18 Wall Street.
Total
—Attention
is
—Attention
is
called to the advertisement of Mr. Charles T.
which he presents to investors a choice lot of May inweek ending May 4:
Mr. Wing
vestments worthy of their careful consideration.
now occupies a fine suite of offices with Messrs. A. M. Kidder &
EXPORTS FROM NEW YORK FOR THB WEEK.
Co., at 18 Wall Street.
1877.
1878.
1879.
1880.
For the week
$5,955,723
.$6,830,957
$6,030,721
$8,538,857
The New York Ddlly Commercial Bulletin, now one of the
Prev. reported..
86,366,005 113,502,955 103,437,192 114,291,077
" great dailies " of this city in the commercial field, has
Totivls'co Jan. 1. $92,321,728 $120,333,912 $109,517,913 $122,829,934 removed to the new and commodious offices, 32 Broadway,
The following will show the exports of specie from the port where they will have enlarged facilities for their increasing
of New York for the week ending May 1, and also a com- business.
The Ontario Silver Mining Company announces its fiftyparison of the total since Jan. 1, 1880, with the corresponding
fifth dividend (for April) of 50 cents per share, payable at
totals for several previous years:
Transfers close on
Wells, Fargo & Co.'s on the 15th instant.
to foreign ports for the
Wing,
in
—
—
April.
23—.Str. Cinima
Mayaguez, P.Eico..Mex.
Havana
Mex.
29-Str. Saratoga
30—Str. Crescent City
$13,811
13.000
Aspinwall
For.
silv. dols.
silv. dols.
sU. (solea).
Havre
Southampton
Fr'chsil. (5f.p.)
Mex. silv. dols
Hamilton
Eug.g'd(sov'n8)
5,000
61,232
10.660
May.
1— Str. Ameriquc
1- Str. Ncckar
1— Str. Muriel
Total for the week ($93,743 silver, and $1 0,666 gold)
Previously reported ($1,663,278 8Uv.,aud $1,348,596 gold)
700
$101 409
..
3,211,874
Xot.8ince Jan. 1; '80 ($1,737,021 silv., and $1,559,262 gold) ..$3,316,283
Same time in—
Same time in—
Same time in—
1879
1873
1877
1876
$6,846,160
7,528.403
7,163.765
18.639.430
The imports
1873
1874
1873
1872
$26,834,327
13,758.549
19.079,003
14,827,433
1871
$28,026,292
9.190,414
11,340,311
23.819,903
1870
1869
1868
of specie at this port for the
the 10th.
—
Messrs. Kountze Brothers have moved to the Equitable
Building, 120 Broadway, where they will have fine offices for
the transaction of their large and increasing business.
Mr. John S. Barnes will be found at No. 18 Wall Street
in his new and commodious rooms, where, as a banker and
broker, his services will prove of use to his many friends.
Messrs. S. F. Johnson & Co. have removed to 18 Wall
Street, wliere their many friends will hereafter find them.
—
—
__
BINKING ANB FiJilNCJAL.
_
J^ Ah a g jed
paying luvestnieut
of the
April.
2ft-Str. Colon...
-U. S. of Colombia.
..
Am.
Am.
silv. coin..
gold coin..
For. gold cBlu
Gold
.
b.ar8
27— Str. Flamborough.. .British West Indies. Am. gold coin.
Gold bars
27— Str. Canima
..Porto Rico
Am. silv. coin..
28— Str. C. of Austin... .British West Indies. Am. silv. coin
.
.
.
Am.
gold coin..
For. silv. coin.
For. gold coin..
Am. silv. coin
Am. silv. coin..
Am. gold coin
Central America.... Am. lilv. coin..
For. silv. coin..
oQ Qt o» T.
S*- Domingo
1* ?,'• ??,'"'"^
Sn
29—Str.
C. of Vera Cruz.. Cuba
on T>
,
29-BrigTuIa
Fi,
May.
£•
^
—
„
l-Str. C. of, Para
,,
.„
.
.
uoici oust
Danish West Indies. Am. gold coin.
Am.
silv. coin..
Total for the week f$30,827 silver, and $20,220 "-old)
Previously reported ($1,796,858 silv., and $l,208,578g6idy
Tot. since Jan.
1,
offer tlie
FIBST MOHTOAOE BONDS
same periods have
been as follows:
1
we
-80 ($1,827,685 silv.,
and $1,228,798
.
$2,580
600
1,500
2.110
2,000
9.900
2,100
347
603
59
84
22,973
100
400
225
197
1.900
1,123
2,246
$51,047
V 3,003,436
.
gold). .$3,056,483
NEW YORK WOODHAVEN
<fe
ROCKAWAY RAILROAD COMPANY-
interest Seven per cent per
Payable January 1 and July
1,
in
Annum,
New To>-k
City.
Principal due in 1909.
TOTAL AMOUNT OF ISSUE.
-----
$1,000,000
Of which amoimt less than one-half remains unsold.
This road will be completed by June 1, and will control the entire
railroad travel from New York to Eockaway Beach, where the ftnost
world is then to be opened to the public.
The running time fi'om New York to Eockaway will bo but twenty-five
minutes, and the road and its appointments are of the highest character.
We offer these bonds at 106 and accrued interest.
Investors can obtain full particulars and information at our office.
sea-side resort in the
FISK & HATCH,
No. 5 Nass.vu Street,
New
York.
May
8,
THE CHRONICLE.
I'SO.]
The
lows
Interest
PortodB.
The United
:
OIVIDENDH.
The foUowlna dividends have
recently been announced
e«, 1880...
reg.
68,1880...
68,1881...
68,1881...
coup,
5.1,1881...
re«.
5e, 1881..
4>s8, 1891.
4iss, 1801.
48, 1907...
coup.
Per
When
Books Closed.
Payable,
(Days lueluslve.)
Railroads.
Boston Con.
& Slontre.ol
CatawisKH, pref
ClevelaiKl
A:
Pitts, guar.
(quarK
.
Pcmisylvania
Salem (Now Jersey)
3
3>2
May
May
IH
June
May
3
6s,
68,
Ob,
68,
10
19
1
i-cg.
coup.
11 to Juno
1.
23
May 10 May
Nassau
3 to
May
Hay
fol-
May
Hay
Hay
Hajr
4.
a.
8.
7.
I
rcK.
1896. .reg.
1897. -reg.
1898. -reg.
1899.. reg.
the price bid
TbU 18
The range
104 >4| 104 4«
106 >«' 100 «
•10«"4i 100>4
10278
:o2''s
102% 102^8
107''8 •107%
lOgTg
108%
107% 107 1*
107«e •107>9
125
••126
12.'^
•125
•125
*125
•125
125
125
12.5
no sale was made at the Board.
in prices since January 1, 1880, and the amount
of each class of bonds outstanding May 1, 1880, were as fol•
May
3
Uanb.
cur'cy,
cur'cy,
cur'cy,
cur'cy,
May
•1043b '104 '4 •lom 104%
'100 3n 1003, •10014 1069^
•IOC =8 1003s 106:>M 10«>g
l(>23i 102''m •102 :U 102Te
•x02:ii 102''8 '102 :U 102%
•x077« 107'8 •KC-Js 107%
109%; 109 •1085. 108%
107 3« 10738 •107>8 I07i«
1073a! 107%' 107 1« 107 1«
'120
'120
•125
120
1'26
'120
125
I'JO
'120
1'20
120
r25
'120
•120
120
125
120
126
1'20
126
reg.
coup.
coup.
6e, cur'cy, 1895..rcg.
Cent.
Board have been as
'104% '104>4 •104 >4 1(U»» 101>4 I04*t
48,1907...
Name of Company.
New Tork
closing prices at the
:
NATIONAL BANKS OKOANIZBD.
States Comptroller of the Cnrrency furnishes the
following statement of National Banks organized
2 475— The Farmers' National Bank of VcvKonnes, Vermont. Authorized
Walter Seranton,
eniiital, ifSO.OOO: paM-lii eapltal, ii!,">0,00().
Anthorlzeil to eomnieiiee
PreHident; U. H. I<ewl», Cashier.
liii.slnesa April 2i), 1880.
4'-6
lows
:
:
10.
Range
FRIDAY, HIAV 7, 1880-5 P. M.
The Monej- market and Fluauclal Situation. —The attenWall Street has been much engrossed this week with
the flurry in the stock market. There are probably more
persons now interested in the Stock E.tchange and Mining
Exchange quotations than at any former period in the history
of our markets, and a rise or fall in stocks is consequently a
matter of far more general interest than when we had a mere
" brokers' market." Any number of theories have been advanced to account for the fluctuations of the week, and rumors
have been as thick as usual under such circumstances; but
no really satisfactory reason has been given for the extreme
weakness of the stock market on Wednesday and Thursday.
One idea suggested as to the situation (which may, perhaps, be
entitled to as much weight as any other) is that the heaviest
operators, such as Me-ssrs. Gould, Sage and Vanderbilt, are now
in the position of railroad owners or capitalists, and have on
Land all the stocks they want, and hence have bought
little
in this
decline.
At the same time, some of
the prominent speculators, having made a short interest in
stocks,
have hammered down the market, and taken
advantage of its lack of support from those heavy operators
to press their adversaries to the utmost.
Other views of
the market include the common opinion of a "bear" attack
preparatory to the ever-coming bull campaign, and also the suggestion that a great many weak holders of stocks have recently
sold out, who had been hanging on with slender margins, trusting to the rise which was predicted in May, to help them out of
tion of
since Jan.
Lowest.
1,
1880.
Highest.
102% Jan. 13 IO414 Apr.
IO418 Jan.
7 10638 May
188l....ep. 102;u .May
5 104>8 Apr.
ii'.is, 1891..ci>. lOUSgjan.
2 IO914 Feb.
103
1907....
Jan.
2
4s,
cp.
107% Apr.
Os.cur'ncyreg. 125 Apr. 21 1201-j Feb.
Amount May
Keglgtcred.
1,
1880.
Coupon.
68, 1880.... cp.
68, 1881... .ep.
23
3
173.493,5.5(1
59,!M)0,800
3s,
2S
17
30
17
290,379,800
202..5W,500
79,753,200
State
$13,469,000
170,24(;.H00
525.900.2.50
$3,244,000
213,4'22.00O
61.023.512
and Railroad Bonds—Among
State bonds Virginia
consols have been very strong, as also the coupons, owing to
the deci.siou in that State affirming the validity of the last
funding law, and compelling the acceptance of tax-receivable
coupons by the collectors. Louisiana consols have been a trifle
better, on the report that the July coupon of 1 per cent will be
paid, and also that bondholder will take proceedings to have
the amount collected on the taxes of 1879 applied to flie coupon
of January 1, 1880.
In North Carolina there have been issaed
to date about $1,815,000 of the new compromise 4 per cents.
Kailroad bonds have, as a rule, held their prices very well in
the face of the large decline in stocks. The speculative bondssuch as Erie second consol. and others of that claas have
yielded somewhat in sympathy with their stocks, but not to a
great extent.
The Erie seconds have 3 per cent interest
payable June 1, which makes their price about 88.
very
—
A
took place in the Boston Hartford & Erie bonds
in Boston, owing to the failure of parties who were endeavoring, as a kind of syndicate, to carry and control a large amoanj;
of these bonds.
Messes. A. H. Muller & Son sold the following at auction
conspicuous
fall
:
Shares.
20 Relief Fire Ins. Co
76-5
7 Meehaiik.s' National B'k.lSSia
92 JIaiihattan Gas lAght
Co., .$oO
each
Bonds.
200
$300 United States Life Ins.
70
Co. Scrip
Bonds.
$5,000 Green Bay
ii Lake Pepin Kailway Co. 1st mortfage 7 per cent gold bonds,
'eb. 1, 1877, coupons on. 42's
$22,000 United N. J. KK. and
Canal Co.'s 6 per cent gold
bonds, 1 90 1
11438
—
Railroad and MlKcellaneous Stocks. The stock market
The money market has been quite easy throughout, and Gov- has been the centre of great activity and excitement, and its
rapid fluctuations have not been well explained. As to the genernment bond dealers have been freely supplied at 3@4 per
eral situation, our remarks above contain the substance of what
per cent on call, while stockbrokers have paid 4@6 per cent.
may be said, although there are many other theories and opinThe Bank of England statement on Thursday showed a loss ions which receive more or less attention. But whatever may be
of £158,000 specie in the week, and the reserve was 46% per alleged of the probable cause, the fact remains palpable that
the stock market has this week i^xperienced the sharpest and
cent of liabilities, against 47 7-l(i last week; the discount rate
most general decline which we have had since the little panic of
remains at 3 per cent.
November last. A glance at the table below, which shows the
The last statement of the New York City Clearing-House highest prices of stocks made during the present year, may exbanks, issued May 1, showed an increase of $1,085,925 in their plain in part the present movement, as it shows that manjr
active stocks have ranged at far higher ligures. and many parties
surplus above legal reserve, the total surplus being $3,277,450,
have probably been carrying stocks bought at such prices that
against |2,i!)l,525 the previous week.
a ten per cent margin was exhausted before the sliarp deThe following table shows the changes from the previous week cline of Thursday thus. Central of New Jersey ha.s sold at 90%,
St. Paul at 8:1%, Northwestern at 97, Delaware & Hudson at
and a comoarison with the two preceding years.
86%, Lackawanna at 91%, St. Joseph at 42^, Lake Shore at
1880.
111>^, Louisville & Nashville at 164>i, Michigan Central at 95,
DIffer'nees f r'm
1879.
1878.
M.ay 1.
previous week.
May 3.
May 4.
Kansas & Texas at 49 M. Central & Hudson at 137, Erie at 48%,
Loans and dis. $280.43G.300llnc .$l..'i.-)0,100 $239,357,800 J229.936.400 Ohio & Mississippi at 44>i, Pacific Mail at 02, Reading at 72?|,
Bpecle
49.400.500! Inc.
422.900
18,510.200
30.051,900 Iron Mountain at 66. St. Louis & San Francisco common at 48,
Circulation ..
20.040.200 luc
3.3,400
Union Pacific at 97%. Wabash common at 48, preferred at 725^,
19,083,100
19.998,30(1
Net deposits
232,.'>72,200 Inc
3.fi75,500 214.331.700 199.074.000 and Western
Union Telegraph at 116)^. This record makes it
Xjegal tenders.
17,014,000 luc
their difflcnlty.
—
.
Lejral reserve.
Kescrve held.
Surplus
$03,143,050 luc
66,420,500 Inc
1,581,900
49,110,500
30,435,300
.$918,87.5
$53,582,925
67,956,700
$49,708,500
66,487,200
$14,373,77
$16,718,700
2,004,800
$3,277,450 Iuc.$l. 085,925
—Government
and
Vnlted States Bonds
<iniet and steady.
The
securities have been
.sixes in small supply drift
then into the Treasury on
fives
into the hands of bankers here,
and
weekly purchases. At the purchase on Wednesday, §i;,80S,400 bonds were offered, and $3,000,000 were accepted, viz.:
its
$2,030,000 Gs of 1881, at 106-47 to 106-57; $950,000 58 of 1881, at
102-84 to 102-90. and $20,000 6s of 1880, at 104'59.
Closing prices of securities in London for three weeks past and
the range since January 1, 1880, were as follows:
4?!-
TJ.8.58of 1881
1891
U.S. 48 of 1907
IJ.8.4>ii8 0f
^r
May
7.
Bange since Jau.
Lowest.
1,
1880.
Highest.
10458
x04i3Apr. 15 lOfi-'s Jan. 12
lll>3 11134 111k lOOTg Jan. 2 111% Ap:-. 10
1091a 10959 loo's lOOM Jan. 2 look's Feb. 19
clear that many outside holders of stocks liave probably purchased at higher prices than those lately current, and, haTing
carried thair stocks through the tight-money period of April,
became discouraged when there was no rise with the advent of
May, and finally' sold out. The 1 wo influences which are supposed
to have about as much weight on the immediate course of
stocks as anything that can be mentioned namel}', the rate for
money and the reports of railroad earnings have both been
quitefavorable to a strong market, and the decline, therefore,
was caused by the pressure broue;lit to bear directly at the
Stock Board. The rally, both in tone and prices, to-day was
almost as sharp and decided as the weakness on the two preceding days. One feature quite noticeable throughout has been the
large demand for borrowing stocks, indicating heavy sales for
the short account, which must be covered by purcha.ses hereafter.
Among other points commented upon was the decline in
both of the late -'.syndicated" stocks— the N. V. Central
Hudson and the Central Pacific, although the latter was hardly
more than a nominal decline, so small were the sales. At the
close the tone was quite strong.
—
—
&
THE
480
daily highest
The
and lowest
prices
(.H
Atl JtPao.Tel.
Chic. & East. 111.. 4th wk Apr
21,414
14, 965
203, 319
Chic. Mil. &. St. P. 4th wk Apr 274,000
Northw..
April
1,276,552
Chic. &
1,128 ,894
1st prf
2d prf..
Chio.St.P.&Min.3dwk Apr.
Cliic.&W. Mich..3dwkApr.
4 Alton.
&
pref.
Clev.Col.Cin.&I.4thwkApr
Chlc.*N.W..
Clev. Mt. V.
prof.
. .
Han.aiSt.Jo..
Grand Trunk.Wk. end. May
pref.
Hous.&Tei.C.
Illinois Cent
.$:
—
Mlch.Central..
Mobllc40hlo.
Mo.Kans. 4T.
Mor.&K8»ex..
Nash.Ch.48tL.
NewCent.Coal
.
N.Y.C.&H. K
N.Y.L.E.4W
Do
pref.
N.T.Ont.&W.
pref.
Ohio Central..
Ohio 4 Miss
Panama
4Read'g
8t.L.A.4T.H.
Do
Do
pref.
Istprf.
8t.L.I.M. 4 8o.
St.L.4 S.Fran.
8t.P.49iouxC.
Do
pref.
Sutro Tunnel.
Do
pref.
;
no
sale
was made at the Board.
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1, 1880,
to date, were as follows:
Range
Sales ol
since Jan. 1, 1880.
I
Shares.
Canada Southern
.27.5
Central of N. J
& Alton
1,330
Chicago
633
Chic. Burl. & Qiiiiicy
Chic. Mil. & St. P....
Do
Chic.
&
Do
Chic.
55,5
,622
538
do pref.
Nortliw
do pref.
92 ,902
& Pac.
870
Rock
I.sl.
1,,313
Col.
C'Uie.<fe lud.Cent.
5 ,860
Del. tfe Hudson Caua!
22 188
Del. Lack. & Western 3U9 ,153
Hannibal
Do
&
7,,010
St. Jo...
do
pref.
11 ,600
Lake Erie & Western
Lake Shore
4 ,6.>0
Illinois Central
Louisville
& Nashv.
Manhattan
1,775
178,.600
4,,100
10,,1190
Michisan Central
27,,132
Missouri Kan. & Tex. 119,,750
Morris & E.S8cx
385
Kashv.Chatt.&St.L. 12,,200
N.Y. Ceut.& Hud.Riv 50,,909
N.Y.Lake E.
Do
ifeWe.st.
do
pref.
319,,220
6,,863
Northern Paciflc
Do
Ohio
7,,000
pref.
7,,219
Mississippi
r>9 ,2.10
Paciflc Mail......... 105,,110
i&
Panama
Phil.i.
&
Readlnfr.
...
St.L.IronMt.&Soiith.
San Francisco
St. L.I&
Do
Do
pref.
1st pref.
Pacific
Wab. St. L. & Pacirtc
Do
do prof,
western Union Tel..
„
Union
*
Raaco from
63',700
Lowest.
5 74 12 Jan.
7 9014 Mar.
2 U6
Mar.
.21
May 7 152 Jan.
7412 May 3 8.53e Mar.
IOOI2 May 7 IO7I2 Mar.
88i2Feb. 11 97 Mar.
104 Feb. 10 HOI2 Mar.
149 Jan. 2 194% Apr.
11 May 6 25I8 Jan.
7018 Fob. 12 863s .Mar.
83 Jan. 2 94'8 Mar.
3016 May C 42 12 Feb.
64 Jan. 7 76 Feb.
9913 Jan. 2 ll'i Mar.
2OI2 Jan.
2 3838 Mar.
9818 Jan. 5 11118 JIar.
SOig Jan. 8 l«4ia Apr.
2534 Apr. 1 .5712 .Alar.
8418 May 7 95
Mar.
32 Jan. 9. 4914 Jan.
101 ?t Jan.
IIOI2 Feb.
68 Apr.
12s Mar.
12473 .May
137 Mar.
38 May
4i*7g Feb.
61 May
7373 Feb.
2312 May
36 Jan.
49 May
60 Jan.
44I2 Mar.
28% May
34% May
ICS
9 .086
42 .638
42 .345
47 .561
f
J^f
latest dates
.
19
7
7
65
Apr. 29
84I2 Jan. 6
May
63% May
99% Jan.
34
Kauge from July
latest railroad earnings
1
62
190
Jan.
SoUMay
46^8 Apr.
30 May
41 May
Low High
Highest.
57^1 Apr.
71 3.4 May
9912 Jan.
57 .287
2 ,B25
4,,850
845
Sept. 2o.
Range for
Year 1879.
I
Week,
6
-
6
14' 4514
781-..
3312
8978
10014
26 11118 13412
27i 3438 8218
8!
29! 75
74% 102%
29
31
4958
I5OI2
28
8918
94
24' I314
4110
24
34
oV
70%
7914 10034
4
2
16
5
"~
Mar.
28%
16
67
35
35
108
89%
73%
72 14
98
53s
3534
75% 104%
t
^ll8
37I2
16
t44i4
734
123
78%
10%
63
3338
39%
182
"13"
318
418
934
57I2
"
56
53
60%
78%
95
293,194
41, 366
29: 159
475,434
373,044
276,393
616,609
468,475
292,024
244,391
504,853
322,993
16 813
i8s: 243
25,,266
15.5 ,859
76, 418
50, 067
from Jan.
1 to
The statement includes the rfoss
all railroads from which returns can
be obtained
Ihe columns under the heading " Jan. 1 to latest date"
furnish
the gross earnings from Jan. 1 to, and including,
the period
m the second column.
o'
•
—
i
^
Latest earnings reported.
.-Jan. 1 to latest date.-.
Week or Mo. 1880.
,
1879.
.,
^.^ „
.880.
1879.
Ala.Ot. Southern..March
$17,829 $33,1.52 $154,457 $100,187
Albany & Siisq .Marcli
117,030
94,436
321,420
251,6.-i5
Atch.Top.&.8.Pe.:tdwk Apr. 195,.500 145,800
2,105,000 1,601. -59
Atl. & Char. Air-L.February
85,899
63,979
2,829,824
1,312,683
3,2.57,331
1,466,753
750,031
651,428
829,577
1,781,783
502.150
356.303
519,678
223,1)00
340.963
191,325
399.559
143,734
715,007
1,622,957
448,907
312.824
511,964
157,70S
217,351
113,890
379.559
86,919
1,698,776
129,968
322,792
113,213
803.084
7.59,440
647,378
315,313
396,788
85,386
164,137
10,548,003 8,924,134
4,193,557 3,711,344
398,625
495,890
26.594
61,812
872,776
1,080.679
190,647
257,835
2,411,,573
179,392
368,562
162,989
1,399.033
99,272
57,741
9,306,313
797,3.57
3,836,720
74,083
43,531
7,684,531
662,523
2,976,222
382,923
414,860
205,710
1,901,038
767,312
109,301
745,236
262,697
267,868
178,867
1,344.533
344,480
73,886
385,2119
289,284
86,998
376,162
161,.421
90,221
419.102
4,013,398
3,415,023
3,027,077
2,131,531
338
3,,310
99,208
44,293
23 254
287 ,775
15,
Mileage last year was 85 miles, against 147 miles now.
Excliange.—The rates for foreign exchange have varied
slightly, but bankers' asking prices are now nearly the same
as last week. The tone to-day is just about steady, and on
actual business rates are about 4 85M for 60-days bankers'
sterling and 4 88 J4 for demand.
The following are the rates of domestic exchange on New
Savannah buying
York at the undermentioned cities
steady, >g(93-16
3-16,
selling 5-16 premium; Charleston
premium, '% premium New Orleans commercial par, bank
250 premium ; St. Louis 75 premium ; Chicago 78@80 premium,
and Boston Is. discount.
Quotations for foreign exclianare are as follows
—
:
;
;
Demand.
Sixty Days.
7.
4 83i4®4 89
Prime bankers' sterling bills on London, 4 85 ®4 86
4 84%»4 85
4 3734®! 88I4
Good bankers' and prime commercial.
4 83%a4 81
4 86%®4 87
Doeimieutary commercial
4 83 ®4 83% 4 86 ®4 86I9
5 21i4®5 1938 5 18%®5 1678
Paris (francs)
5 2178®5 20
5 1938g5 I713
Antwerp (francs)
Swiss (francs)
5 21i4®3 20
5 1334951713
4014® 401a
Amsterd.am (guilders)
40 ® 40 14
^
931431 95=8
Hamburg (relchmarks)
9458® 93
9514® 95»8
94=8® 95
Frankfort (reiclnuarks)
94i58® 95
9514® 9558
Bremen (relchmarks)
93 14® 93 1^
Berlin (reichmai'ks)
945s» 95
The following are quotations in gold tor various coins
Sovereigns
®$4 87
Silver I43 and %s. — 9934® par.
.'i;4 84
— 92 -8—95
Napoleons
3 84 ® 3 87
Fiv« francs
X X Relchmarks. 4 74 ® 4 78 Mexican dollars.. — 91 'ai — 92
3 90 ® 3 95
Do uuoommerc'l. — 87 ®
XGuUders
88
.3pan'hDoubloons.l5 70 ®16 00
English silver
4 78 ® 4 85
70
Prus. silv. thalers. — 68
Mex. DouL>loons-.15 35 ®13 65
99I9
9914®
Fine silver bars -. 1 14 t» 1 14% Trade doll.ars
par®i4prem. New silver dollars
Fine gold bars
99% S par.
.
Dimes &
Boston Banks
Loans.
18S0.
2..
»
130,087,300
9..
15..
130,0-9,4110
ii2..
MO,0?D,I)(IO
20..
April 6..
'•
12..
"
10..
"
26..
May 3..
140,412,000
Mar.
.
341,824
132,802
30.499
132,693
5,147
226,378
168.287
1,212,327
494,244
679.464
155,310
87,087
1,003,702
121.6SS
935,182
364,147
426,695
132,698
59,3 :i
611,483
% dimes. —
—
—
993431
—The
—
par.
following are the totals of the Boston
banks for a series of weeks past
,
Atl.&Ot.WcRt. ...March .
438,341
Atl. Miss. & Ohio. March..
175.420
Bur.C.Rap.& No. .4th wk .\pr
42.630
Biirl.&Mo.H.in N.January
155,330
Cairo i St. I-oiiis. 1st wicXpr
8.381
Canada Southern. March
409,189
9i',865
—
totals
are given below.
earnings of
mentioned
103, 093
:
8S=8 116
30.
and the
*
M-iV
49
WkApr
WisconsinCent...l.st WkApr
Wisconsiu Valley -3d WkApr.
35 12 83
112 139
1038
Apr.
7238 Jan.
66 Feb.
48 Feb.
6OI4 Mar.
83I2 Mar.
9738 Jan.
48 Jan.
72=8 Jan.
II6I2 Fob.
Pacific.... l.st
Wab.St.L.&Pac.lthwkApr
911-2
23' 76^8 108
14 119
26
5
30, 38
221 43
Union
23.011
393.901
205.400
22,044
6,800
256,344
185,293
943,624
87,798
287,007
4,,783
7,009
Pad.&ElizalJctht.lst WkApr
3.703
2,,410
Pad. & Memphis. 1st wk Apr
3,278.180 2,603,,068
Penrisvlvauia . .March
,784
wkMar
9,330
4,
Peoria Dee. &Ev. 4th
327,678 212,,775
Philadel.& Erie. -March
1,457.322 1,041 ,142
Phlla. & Reading-March
9 169
17,882
Poits.Gt.F.&Cnu. March
96 ,742
156,560
Rensselaer & Sar. March
25 ,742
34.973
St.L.AIt.&T.H- --4thwkApr
9,,953
(brch8)-4thwkApr
11,970
Do
403.300 318 .196
St.L. IronMt.&S-April
48.947
24,,729
St.L.& San Fran. 4th WkApr
27 ,808
St.Paul&Duluth. March
37,896
74 045
St.P.Minn.&Man-2 wks Apr. 163,555
21 .433
27,891
8t.Paul&S.City..3dwkAi)r.
5, ,813
6.034
.Scioto Valley ....4th wkApr
Tol.Peoria* War. 4th WkApr
4,133.880'
272,755
1,209,088
111,848
. .
West. Un.Tel.
* These are the prices bid and asked
2,379,178
4,»24..592
289,382
184,363
.
Union Pacilio.
Wab.St.L.&P.
327.698
3,274,000
361,750
239,847
.
pref.
PaclUc Mall
pref.
20 107
. .
Northern Pac.
Do
XXX.
12, 487
47,,356
12,,884
73,,825
7,,203
212 ,946
378 ,339
114 252
22 434
Indiana Bl.&W.. 3d WkApr.
80 540
Int. & Gt. North. ..\pril
54 500
Iowa Centra!
March
K. C. Ft. 8.& Gulf. 3d WkApr.
13 269
7, 070
Kiins.C.Law.&So.Sd wk Apr.
34 832
K. C. St. J. & C. B 4th wk .Mar
14 908
Little Rk. & Ft. S.26 dys Apr
99 388
Loulsv. & Na8hv.4th WkApr
49. 224
LouisT.N..\lb.(&C.March
141.5'
.Maine Central
.March
127, 080
Minn. & St. Louis. 3d wk Apr.
7,243
7 524
Mo. Kan.& Texas .4th wkApr 106,570
54, 056
4th wk Apr
37,378
32, 883
Mobile & Ohio
191,154 158, 034
Nashv. Ch.&St.L. February
32 180
63.472
N. Y. & Canada ..March
2,782,324 2.214,626
N.Y. Cent. & Hud. April
1,644,958 1,356 780
N.Y. L.Erie& W.March
151 ,737
N.Y.&N.Eugl'd. March
181,751
1,929
1 126
North Wi8COU8in.3d WkApr.
413,323 331 ,166
Northern Central. March
119,573 108. 975
Northern Paciflc -March
4 ,763
7,333
Ogd.&L. Champ. 3d WkApr.
UlinoisCen. (111. J.April
Do
(Iowa). April
Mar.4C.l5t pf.
Do 2d prf.
Phil.
1
Gr'tWestern.Wk.end.Ap. 23
Hannibal St. Jo. 4th wk Apr
Houst. & Texas C.March
Lake Brie&W.
Lake Shore.
LouisT.&Nusb
Manhattan
Do
96,547
165,250
195,704
31,244
17,331
238,950
30,697
181,138
88,109
60,811
237,743
426.550
117,920
24.032
104.096
89,581
19,106
12,442
45,363
21,448
161,000
70,436
Denver
Del.&U.Canal
Del.Lack.*W.
Do
85,.557
7,7 17
& Del. 1st wk Apr
Del.&H.Can.. Pa.DiT..Mar..
& Rio Gr April
Donv.S.P'k& Pac. March*.
Det. Lans. & No..4th wkApr
Dubuque&S.City.Sdwk Apr.
Eastern
March
Flint & Pere Mar. 3d wk Apr.
Chlo.R. I.*P.
Ch.St.l..&N.O.
Chlc.St.P.*M,
Clev.C. C.Al.
Col.Chlc.il.C.
Do
27,889
14,761
54,634
15,913
Cin. Saud. & Clev.Mareh
Cin.
gpringf. ..4thwkApr
Chic Bur.&Q.
Chlc.M.&St.P.
Do
[Vol.
—
Cent.of N. J..
Cent. l>aclflc.
Cties.ftOhlo..
Do
CLE.
,
Am. DlBt.Tel.
Chic.
I
Latest earnings reported
-Jan. 1 to latest date.Week or Mo.
1880.
187 9.
1880.
1879.
Carolina Central. February . $48,213 $45, 383
.$83,291
$92,946
Central Pacific.. .April
1,374,000 1,406,,600 4,962.614 4,832,729
SwksApr. 130,463 108. 897
Chcs. &Ohio
774,241
431,813
Chicago* Alton .4th wk Apr 136,613
73, 917 2,184,867 1,314,182
Chic. Burl. &Q... February .1,180,853
982 377 2,381,091 2,087,475
10,393
Chlc.CI.Dub.&M.2dwkApr.
9,:329
174,797
133,205
have been as follows:
Canada South.
Do
Do
RON
"
"
"
•
141,0411,2(10
13».402,'200
13-.dJ1.400
I,'!7.;,58.i00
137.033.400
138,815,300
Specie.
t
L. Tenders. Deposits* Circulation. Agg.Clear,
»
»
«
t
4,803,600
5,224.000
3.311.300
3,527.000
58.703,.'300
31,032.0(10
53,217,400
,5,321,500
4,.h4j.100
3335,700
53,0,3«.800
3,010.600
2,987.200
2,635.400
2,»l».200
2,067.200
2.095,000
1,033,100
51.871.300
50,373,800
30.M75.200
S!,01«,400
31,002,500
31,O4H.4U0
31.145.200
31,264.200
31,221.900
4.930,100
4,805.100
5,331,300
5.«94.0(X)
6.7:18.800
6,870,700
Other than Government and banks,
50,827,iXK)
61.687.600
62.671,100
63,6,5;!.400
3I,'323,900
54,217,800
31,178,200
less Cle-irlng-House checks.
50,586,185
68.462,0«0
03,'JK9,013
«3.T08,9IS
.53,900.014
60,627,777
59.8'.0,799
68,605.917
02,108,728
63,053,881
Mat
THE CHRONICLE.
8, I860.]
—
UUiru.V, PtflLlUBIjPilll, Bto.-Oantlnaed.
New York Clly BanKa, Tlie following statement shows
the condition of the Associated Banks of New York City for the
week ending at the cominoncoinent of business on May 1, 1880:
Capital.
Average amount of
Net dept's
Loans and
discounts.
t
8,000.000
2,050.000
B.220.000
6,072.5'K)
t
2,060,000
78>,a00
•2.000,000
O.fKl.TOO
l,737,OuO
2:«,40<.
a.000,000
1,200,000
3,000,000
1,000,000
1,000,000
«,B:!U.ihK)
4,'.W0.(IO0
744,Oi>i
6'i6,00()
*
New York
Manhattan
Merchants
Co...
Mechanics'
Uniun
America
Phoenix.
CUT
8.724.400
1
0,471,700
4,4»t,IHX)
400
5,968,900
6,291,000
3,441,000
5,842.900
2,4M5,000
7,193,700
1,980,400
562,2(J0
780.400
100,30(J
355,500
73,000
110,000
101,200
90,300
3,12:i.(KXJ
4U2.O0O
H,:!B.">,rioo
2,8;)0,700
407.1KX)
*
495,000
645,000
178.000
,050.000
44,500
1.10(J
M7,000
l.OUO.IHM)
:l.O72.««0
IKIO.OIKI
l,'>l'l.ll«l
:io'j,on(i
Merch'nts' Excli.
Gallatin Nation!
ButchiTs&nriiv.
Mechanics' & Tr.
l.OOO.UIJO
l.(X)0,000
1:,7,AI.11KI
J.l'.10,700
2,709, IKH)
o;;a,ooo
4,075.400
1,470,500
B2S.000
072,700
84O.W)0
578.900
204,300
91,000
21,700
444,400
95.200
175,000
103,700
60,800
156,000
.236,100
143.400
119.101
S.OW.OOC
S52,:i0<l
97,40<J
t3,414,l.lKl
15,0'2 1,1100
5.!a7.:i(X)
3,!l4U,rKKi
2.i4i.:iixi
2,023.000
2,847,000
844. NOO
l,142.7lKI
.17;">,0I)<)
1*:),0IIII
;l.O19.70()
180,000
:t02,20ll
18?,,-),I0
5.505,100
(OO.OOO
714, WKi
80,000
105.700
1 .070.3(H.
3.124.001)
l,12'3,'oii(j
:ioti,ijool
•-'oo.ooo
Greenwich
Leather Man'f rs
Serenth Ward..
State of N. Vork
200,000
600,000
300,000
800,000
5,000,000
5,000.000
Araerlcan Exch..
Commerce
Broadwar
Mercantile....
1,000,000
1,000,000
PaciHc
KepublLc
422,7(KI
1,500,(«)0
2.K1!3.400
Chatham
3,300,0o(.
450,000
1,340.000
412,500
2,S20,«OC
North America.
700,000
7,810,700
Uanorer
1,000,000
2,713,501)
IrrinK
500,000
Metropolitan .
3,000.000 1I,25;I.WI<I
I,75a.i0ll
Citizens'
600,000
2.17J,50(.i
Nassau
1,000,000
2,422.300
Market
600,000
2,0»S,000
Bt. Nicholas
500.000
3.188.000
Shoe ^ Leather.
500.000
4,058.300
Corn Exchange.
1.000.000
5.200.0(10
Continental
1,000,000
1.484,200
Oriental
300.000
2.BI3.000
Marine
400.000
Importers' & Tr..l 1.500.00C 17.290,700
People's
879.800
845,100
996,900
250,000
3,200,000
2,000,000
1
Second Natl<jn'l.
Ninth National..
760,000
500.000
1,000,000
800,000
250,000
200,000
750.000
300,000
100.000
..
N. Y. Nat. Kxch..
Bowery National
N. YorkCf>unty..
Germ'n .Vmerlc'n
Chase National..
Fifth Avenue....
Total..
13(1,000
505,0(H1
228,100
740.000
2,:i: 14,1
100
235,,'iOO
12.3.S7.10O
7.379,000
t.334.:oo
1.325.800
l.322,5oo
2.094.800
8.021,100
1,498,800
470.800
398,100
661,000
270,400
ISi.DOO
83,900
66,200
197.000
133.000
l,2,')9,9iX'
20o..8(X>
28.400
652.000
4.0O3.7OO
2.575.500
132,300
31,200
111,400
2,415,700
769,000
411.000
576,300
2.440.900
1.272,000
242,100
11
MKX)
877.600
1,214,400
31,800
94,100
71,500
180,000
2,700
477,000
37..'i(J0
630.000
1.409,900
890.5(XJ
800,000
2,407, lOlj
439,1(K)
45,000
2«ll,7.«j
3.000
441,800
469,0U(^
450,000
4,000
2.761,8(X)
5,46a, 100
Sept. 20. ...259,391,000 19,942.000
'•
27.... 260,703, 700 20,017,4f)0
Oct.
4....266,864„S00 20,149,100
•'
"
"
Nov.
"
"
"
Dec.
"
"
11. ...268,701,800
18,... 287,505,500
25 ,..2«0,433,300
1.... 271 ,238.800
8.... 270,076,800
15..,. 288,538,800
22....278,1»4.400
29....27:^.4^9,900
6. ...273,101, 100
13.... 275,750, 100
20.... 878,098,100
'27.... 277,594,200
Jan.
3.... 278.706.200
10.. ..278,116,100
17.... 278.990,900
24., ..280.068,600
SK. ,.283.194.3(X)
22,566.300
26,38:1.600
27,8,82,600
29,675,,'iOO
33,82:3,.'*00
42.092,800
50,000.700
52,';iO,700
54.771,000
51.069,400
50,842,900
48,638,200
32,900
315.400
578,800
313,300
105.900
293,100
50,000
158.40(J
180,1,00
243,800
Circulation
pref
do
Paul
36>t
5,30.921 .,S«0
601,H30,.'J(10
Morns
747,27s.0:)5
do pref
Peansylvanla
Schuylkill Navigation
pref.,,
do
SuBquehanna
RAILROAD BONDS.
118K
Allegheny Val., 7 S-lOs, 1396
78, E.ext.,1910 103
do
Inc. 7s, end,, 'W
do
741,448 410
22,118.7(10
22.00ll..5()0
22,:)41,r,00
22,47,3,i(K)
798 90(1 74(1
701,277 72H
8«3Ktl2s37
772 I.to'i:M
,87(1 (li'2 o."iO
;08
22,.'i.-j0.4(K)
li.l2
2;l,(r,;4,soo
23,2,')3,1(J0
2:).4(13,8(H)
860,h-1o'm8
722 Oo:) 3-.U
!b;2
771i'l)."j.'.',s47
14,67:1,200
1:1.403,900
12,34.3,100
247,5,-iil,200
ls,(!(K)
2.3,651,1100
0OO,4Is618
12,089,700
242,062,200
23,732,900
586,011,073
247,0:iO,l(HJ
246,1
12.723,500
14,097,800
15,914,200
17.143.500
242.087,100
248,995,600
253,731,900
]8,5,8«,000
10,4:17,900
239,873,900
264,404,200
21,5'29,90O
21,683.200
787,728 19.8
743,123,031
772 270 893
720.978 l:i(l
16,086.000
267.1'2S,I00
•271.001.000
27I,012,S(K)
21.61«l.(m0
t!s,l 4-,;( :).-,7
21.',.'s-,'.->()()
Tic'lill'lll
13..'J<O.5(l0
14,l«s,000
11,53,5,100
11,272,51X1
10,847.600
257.4.8.3.700
60^1,
lloV,")
•21,1710(1(1
7a.".
21.002.100
20,087,100
BDoiolKlKj
'20.975,800
748
260,310,.3O0
2,39,306,800
20,905,200
20,981,600
20,987,900
644,4.'i:l'lill7
827.801 84
i
-LSI tsol
7710111H70
810 771.81(8
20,843,0(H)
i»49,817403
20,612,800
20,848,200
720,947..'il6
697,435,031
Bank disappeared from the
list.
3BX
a2«
do
do
68,
Atl. 1st
"ii
m
76. g.,l=«3
m. cur.
Burlington
11:
i.
X20>»i.
73,'.f7ii..
8KOUB1TIB6.
Bid. Ask,
BOSTON.
uMColony.Os
118U Omaha ft 8. Western,
Atch. iTcpckalst ni.7B
lis
laud grant 7s IKIU 114
do
do
2d 78
121
do
land Inc. ils..
Boston
&
Maine
7s
Boston* AiUany
do
Boston
A
Lowell
d)
Boston
Burl,
ft
BXOUBITISS,
Bid.
120
Pueblo
ft
10941
88 ....
Ark. Valley,
110
is
Vermont & Canada, new
Vermout&Mass. Ka.,68
7s
U2
BTOCK.I.
68
7s
6s
Atcblfon
At bio
li'i^
1
105
Providence ^K
122
Mo.,lanaerunt78....
do
Jiebr.tis K.t
107
do
Nebr. 6s
Cona. ft Passumpslc,
lS9t. i:o
Kaatern, Mass., 4^6, new. ... 91*!
"if-r
do
Fort Scott
Topeka
ft Nebraska
13IV
ft
ft
Gulf
Delaware mort.,
Bound
6s,
various..
Br.,l8t, 7s,190i
EastPenn. Ist mort. Ts, '88 ..
W'msport, 1st m„7s,'S0. 1'
85
do
58, perp
HarrlBburg1stmor',6s, •81,..!,,,.
H, ft B. T, iBt m. 78, gold, '90
Istm. 78, fJ. g.'69 ...
do
'2d m. 78, gold, '95. 108
do
'idm.f .?crlpg.,;f
do
3d m cons. 7», '95^
do
Ithacaft Athens Ist g d, ;s„'SO
01
111
'52
Cheshire preferred. .,.
Chic. Clinton Uub. ft Mln.... 72^
Ctn. Sandusky ft Clev
11
Maine
108
'BoBlon ft Providence
lODS Burlington ft Mo. In Neb.
02
do 21 m, 78, reg., 1910
do con. m.,63,rg.,1923
do
68,<p.,19.'3
do
Little Schuylkill, let m. 7b •1^2
North, Penn. let m. 8s, cp., 85,
•2dm.78,cp„'96.
do
do gen. m. 7s, cp., 1903.
do gen. m. 78, reg., 190"^
Oil Creek ist m. 7s, coup.,*8i,
rlttsb. Tltusv.
ft B., 78,
liO
ft
1,35
.
.
•
.,,
74ti
7s, lit
7s. inc..
io»
43
Fi. Sii Ith.-s.ltt
Ogdensburg* Lake Ch.Ss
US
111
...
Connecticut River
Conn, ft Ptusumpslc
.
14 >
.
145
63
32
113>s
.,
Eastern
(New Hampshire)...
Fltchburg....,
Fort Scott* Gulf,
do
80
125
79
44
,
pr.^fe(
reu
rommon.
K. C, Law. & Southern
K. C.St. .10. ftrouncll luSa
LltlleKoekft Fort Smith ...
to
81
27
.,,,
70
i
.».
Plttsb.ft ConneIlBV.-|B,'96H>ftJ l\4ii
l'»(
.
Cln,
126
i
• In default,
t
Con. to Jan..
Per share.
'77,
fun'ied
••"
lOtf
lOx
108
113
113
Jung
t,|07
115
Ham.
ft
D. co3s.6j,
1915
118
;i8j<
,:o7H 108
107
104
110
130
103W lot
Ham,
ft
Dayton ft Mich. 1st m. 7B. 'Sl-t 101^
2dm.7a,'«4.-t 103
do
3d m, 7s, 'SSi 102
do
Dayton ft West, Istm., 'iii...1
IBt in., 1905.1
1119H
do
Istm. (8,190
do
105M
Ind. Cln.
ft
Laf. Ist rn.7s....t
do (I.&C.) Ist m,7B,'*l+
Miami 6s, '83
+
108« Cln. Uam.ft Dayton stock.
Columbus ft Xeula stock...
Dayton ft Michigan stock.,
8. p.c. st'k, guar
do
Little
Little .Miami stock
I^OUISVILLB.
»
Louisville 78
do
do
do
do
do
do
1906 .... 124
do
Pennsylv., Ist m,, 6b, cp,, '80.. 102>a
do
gen. m. 6s, cp., 1910. 116
do
gen. m. 6s, g., 1910.
do
cone. in. 6*, rg., 1905.
do cons. in. 6s. cp., 1905.
do
Navy Yard 68, rg,'3l
Penn. Co 6s. reg
Perklomen iBt n).6s,coup,,*9(
PhIla,«Erie 18tm.68, cp.,'8'.
do
Sd HI, 7s, cp., '88
Phi a. N'ewl'c ft N.T.. let m.
Pblla. ft Read. Ist m. 68. '41- '44
'48-.19
do
do
do
2d m., 7b, cp.,9'.
108
7b, 1905 + 110
2dm. 7s, 'a5t 103
Ind., 78, guar, .1
la)
•(
Cln.ft Indiana let m. 78
105
I05X
*d m. 7s, '(7. ,! 101>, 102
do
"90
1st
m.
7b,
Xenla,
Colnm, ft
+ 108
:i-2j«L
112>a).
108
116
6b,
do
do
Cln.
Scrip
do
5
,
do 6s, 3d m., guar., J.ftJ 113
Mar, ft Cln. 7s, '92, F. ft A ... 109
do
2d. M.ft N
78it
8s, 3d, J.ftJ
do
,
39H
UdIouRR, lat,guar.,J.ft J,. 103
Can, OB endorsed, lOS
do
cp„'96
,
i07
;b
.
ft
Junction l8t mort. 6h, '82, ,..
do
2d mol-t. 68, 1900 ..
Lehigh Valley, l8i,68, cp., 1898 119
do reg,, 189J„
do
Pa,&N.Y.C.& RK. 78,(896....
Boston
100
CINCINNATI.
Kl.ft
80
1....
....
do
do
K. City Lawrence ft So. 4i. .. X6W 87
Ka». City.st. Jo.&C.B.ie.
111
Kan.t I'v St. .lo. ft :. k. In. f5
87
Little li'k
1M
...
98
7«
ilartford ft Krle Is
Itan. city fop. « \v
93
88.
ft
FUchburg UK,
ABk,
um
Old Colony, 7»
Far.
Is..
do
t
TSOs
1
do
South, RR. 7-S0S.1
do
do 68, gold.f
do
Hamilton Co., 0„ 68. long., .t
7s, 1 to 5 yr8..t
00
7&7-30B,rong.1
do
Cln.ft Cov. Bridge st'k, pref.
.
BnSTOS. PHILAUEIPIIIA AND OTHER CITIES.
(lUOTATIflNS IN
J.ftJ
Istpr.f
Cincinnati
new 78 1900
do
Connecting 6b, !900-!901
Cbaniers Val., Ist m. 76,C.,190;
ft
Q -J
new
Central Ohio
50
Pittsburg ft Conttell8vllle..50
ilA(LR<>AD BONDS,
Bait, ft Ohio 6s, 1880, J .ft J .
do
6s, 1865, A.ftO.
N. W. Va.8dm.jtuar.,'lB,JftJ .„,
C J, 68,'91.
Catawlssal8t,7s,conv.,'o2,..
chat, m., 108, '88 ..
do
Del.
19.6,
do l8t m., ,890,,f.ft J... 108
113
do 2d m., guar., J. ft J
99
do 2dm,, pref
do 2d m.,gr, by W.Co.JftJ I08
105 I.
coup. ,'89 107h:
mort. 6e,'89
do
ft
do
ft
51-,
do
2d p.'if
Wash. Branch. lUO
do
do
Parker8b'gBr.,90
Northern Central
50
Western .Maryland
50
I
let m.,6s,190'2.
2d m. 68. '81..
3-1 m. 68, ':J7.
.•o
Cam.
6s,exempt,'>&,M.ftS
8s, 1900,
6b. 1902,
Northern Central 6s, "811, Jftj
do
6s, 1900, A.ftO.
do 6s, gid, 1900, J.ftJ.
Cen. Ohio 6s, lstra.,'90,M.ft8.
W. Md.68, 1st m.,gr,,'90,J.ftJ.
Camden ftAmboy 63,coup,'83
Cam.
6s, 189J, quarterly...
68, park, 1^90, t^—M.
es, 1893, M. ft S
.
Belvldere Dela.
107913
6376»j200
271.4.1:1,400
270,:t81 .Odfl
264,5:W,^2(I0
10.... '28.8.470.900
11,9:15,900 2.'j6,26(,800
17.... 28 1,2.30,800 50,0.30.800 13,.sn6.000 233,519.,S00
24....278,886.'>00 48.983.600 15,4:)2,100 248,896,700
1.... 280,438,300 49,406,600 17,014,000 252,572,'200
Grocers'
23,748,000
23,812.900
21,633,900
21,882,900
82M
6b,:886, J.ftJ
(,
180>t
21,,S«4,IKX)
'22,o,s0,l00
22,28(1,S(HJ
30
,
21,932,40(J
IM
1st 6a, rg.,'86
Norfolk water, 88
RAILROAD 8TOCKB,
Ball.ftOblo
14
21,331.000
36,438.500 2:)2,780,500
33,097,700 232,805,300
30,151,700 231.00,8.000
28,615,000 2.34.412.000
2:1,486,000 231.927,700
22,685,800 2:19,201,200
18,986,200 230,2»7,:iOfl
16.771,700 247,103,300
do
do
do
do
do
do
do
do
60)v
25
228,271,000
Deposits. Circulation. Agg. Clear.
1%
bs, (l>'f(,.ii,,e, J.& J..
68, exempt, lb37
6r, 1890, quarterly.,
5b, quarterly ,
Baltimore 68, (SSI, quart
ft
West Chester cousol. pref .,
WestJersey
Dela
ft
MM
B.ILTI.TIOKB.
84«
Duluth R.U. Com
do pref.
do
United N.J. Companies
Bt.
i
w
m
do
do
do
2;n 37«
Trenton
Philadelphia
Phlla.Wllming. ft Baltl(nore.
Pittsburg Tltusv. ft Buff
DM
Maryland
51X
Keadng
ft
ft
MM
do Oa, boaiftcar,rg..l9:8
do 7s, boatftcar,rg.,19i5
Susquehanna Ss, conn,, :9,8,*
Erie
ft
7a 1W7.,..
Morris, boat loan, reg., loB5..
Pennsylvania 6s, co*.ip., ',910..
Schuylk. Nav.ist m.6B.rg.,'97.
do
2d m.«8. reg., IM;
56
59
68>4
231,920,700
l'J,i:iO,400
Note,— With December 27 the
64
102
50
229,9,-«,(KW
11,052,400
"
"
pref
do
new pref.49
do
100
Delaware ft Bouod Brook...
East Pennsylvania
Elmlra ft WUliamsport
pref..
do
do
Har P. Mt. Joy ft Lancaster. 54
9
Huntingdon ft Broad Top...
do pref, 11
12
do
50>i 51
Lehigh Valley
42,020,400
40,047.700
57,927,1«W
55,440,100
53,669.300
52.023.600
I
a8,093..')00
58,05.5,000
May
33,400
25
Pennsylvania
Ind,
ft
Delaware Division 68, cp.,*18.
Leblgh Navlga. m., <b, reg,,'84
I07M
do mort. RK., rg ,"*'.
do m. coiiv, g,, r.-g.,*»4
do mort. gold, 'in
105H
do cons, in. 7s, rg.jt9l: 104.4
pref,".....
CANAL STOCKS,
Chesapeake ft Delaware
Delaware Division
LeUlgh Navigation
,.297,236,900
" 20....294.4I7,400
••
27.... 200,868, 700
April 3 ...290,639,500
'•
Inc.
1
Uhesap.
coup,
16
Phlladelplila
Pniladelplila
lioi
ist, 6a, 1884.
do
iBt m,68, cp., '96.
do
lstm.7a,'!»
do
cons, 6a, 1909 .,,.
Western Penn, RK, 6«,cp.l899 109
do
U P,B„*9«. 103
OANAL BONDB.
coupon
6s, coupon .
do
.
IMM
Potur. 7b,
*
BarrlBburg City
Little Schuylkill
Silnehlll
..2O7,l,'35,.50O
54,77!>.800
6s,
HI
w.,lBt m.,»a,'JJ
ist m, 7a, 17.
lesx 8yra.Gcn.* Corn'/,l>t,;>,l«s
Texas
I'ac, lac
,la,g„ia09
do
cona. ii].,e>.K.,1WJ
00
Inc.ftl.gr ,iB I>I5
119
Union* Tltusv. ist ra. 7s, '90.
128X United N.J. cona, in, 6a, "M..
Warren ft K. Ist m.7a,'M
lOtX
(Weat Chester cona, 7s, '91
113
West Jersey 68, deb,, coup. ,'89
Camden City 63, coupon
78, reg. ft
reg.,
Sunbury 4 Erie
exempt, rg. ft coup.
100
Camden County 68, coup
do
Uelawore
7(1,
Stony Creek iBtm.
do
Nesquehoning Valley
Norrlstown
North Pennsylvania
21.. . .290.001.200
28.. ..'293.543,600
..290.381,600
N.
2-di.Oil"
48.282.100
51,473,500
53,558,600
51,832,200
30.312.800
52.994.600
54,748.500
59,887,200
57,4:3.300
U.. ..290.443,200
.
48, coup.. 1913,
58, reg. ft cp., l»ia,
68, gold, reg
lo
78, w't'r ln,rg.ftcn,
do
<lo 7b, itr.linp., reg. ,'83-86.
Jersey «8, reg. and coup. .
do
'Sunb, \ltt.
do
7110.000
L. Tenders.
Specie.
68, old, reg.
do
do 6B,n„rg.,j>rlorto'!lS
do 6s,n„rg.,18»5*over 124
105
do 43, various
Allegheny County 58, coup..,
Allegheny City 78, reg
1,110,000
1.362.500
1,802.100
3.039,000
1,525,100
following are the totals for a series of weeks past:
Loans.
ft
68,10-15, reg.,liT;-'82 !01H
«8, lJ-'25, reg., 188i-'M 107
68, In. Plane, reg. ,1819
Philadelphia, 5s rcg
28<3,0O0
i
I
Steiibenv,
cp
5a,ncw,reg,,l»9i-19(fi 114«
26.II0<J
:
422, .900
1,681,900
V,ft
i:9.'200
963.800
84
PbII,ftlI.CoalftIron <{eb.7i,n
do
deb. 7s. cps.ofi
do mort., 7b, l8yi-3
.,.
7,0:«.(J00
450.000
450,000
6i, 1901
.
..
Itnp. m.C. g., ISY7...
conv. 7i, 1M93*
7b, coup, off, "BS
ItOC.
790,000
99,600
40;<,4flO
224.8t.O
810,1.00
as
veo, m.
PltU.ClD.ft8t, L. 7l, cou.,
Caiawlflsa.
533,900
358,900
loeJi
PhIla.Wllm.ftB«lt.6i,'M
do
do
do
do
do
do
'^
119
do
_
Bbunokin
9a, g'd, inl.,reg. or
5b, cur.,reg
5b, re;f., 1"'8 -1832
(10
6l:j,800
828,701.
I18)i lltf
is, cp,.l*ll..
is, re .,l9:i,
coni.mJls,(.r,l(ll.
8TAT» AND CITY BONDS.
1,500.000
43,000
784,000
370.000
365,700
U2«
oons, m.
eons, m.
Alk.
Bid.
PHILADRLfHIA.
18<J,0ikj
1.108,7(^0
do
do
do
ro
do
do
do
^
RAILROAD STOCKS,
Csmden ft Atlantic
deviations from returns of previous week are as follows
Loans and discounts
Inc, <1,550.100 Net deposits
Inc. 3,676.500
Inc,
Inc.
Portsmouth
761,!liO
The
The
ft
Vermont ft MassachusetU..
WorceBter & Nashua
132.000
5,400
60.475.200 280,436,30(/ 40,406,500 17,014,000 252,572.'20O 20,648,200
Specie
Legal tenders
Portland Saco
741,900
14,248.400
7,040,000
3,:67,000
4,033,300
12.417,500
1,330.300
«e
pref..
PlttBburg
3.425.000
1,170,400
2.097.500
7,6;M,400
1,305.700
3.170 000
18,770,400
16.745.000
Kngland...
Pulldiau Palace Car
Pueblo ft ArkiiDsaa
Kutlacd, preferred
712,900
10,028,000
1,739,900
1,961,700
1,905,300
1,733,800
3,310,000
li:W.(100
lU.OOO
15,299.700
7,900,000
2,708,000
4.336,300
S0O,00(i
First National..
.\ati.>nal
l4,U,'i0.3(X)
000,000
240,0(X)
Central Nat
Third
2,000,(K)0
'
03.700
100,00<J
i
Park
Mecb. BkK. Ass'n
North River
East River
Fourth National.
151,00(1
do
Old Colonv
n57.4(Kl
201,:i00
New
ft
Northern of New Hampablre
ft Worcester.
Ogdensb.ft L. Champlaln ...
Norwich
Penna.
11,412,400
2,868.000
2,407,000
1,262,900
918,000
872,000
2,137.200
782.200
3,120.000
9,692,000
10,413,100
4.185,400
552.000
1,362,400
421,800
.
1,18:1,400
24". 200
•louunn.
Phil.* liead. debeo., ep.,'?r
do
do
cpi,o&.
do
icnp, isa
do
In. m.7i, cp.tSM
799,300
Tradesmen's
Fulton
Chemical
356,00(1
ftlOITBlTIBB.
Maocheater ft Lawrence....
Nashua* Lowell
Se 1 York
Legal
Circulaother
tion.
Tenders. than U. 8.
Specie.
487
118H
112
6a, '82 to
"K
ea.VIto'Si
t
+
1
water 68,'87 to '89,1
water stock 6s, '97.1
wharf6a
1
Bpec'I tax 6s of '89.1
Loul<vllle Water 6a, Co, 1901 i
105M 105H JeS. M.ftl.lstm. (IftM)7b,'811
2d m.,7s
1
do
101
112
80
1Btiu.,78,1906....t
do
Lonlsv.C* Lex, Ist m,7s.'97»
jLouIs..^ Fr'k.,Loui8v.ln,6a,'81
102X: Loulsv. A Nashville
t 105>i'
Leb. Br. 68,'S«
iBt m. Leb, Br. Kx.7b,'80-S5 .t lOStil
6b, *93.- .t •oo^ioi
do
Lou. In.
Jefferson Mad. ft Ind stock. US
-
t
anl
Intereit.
THE CHRONICLE.
48S
[Vol.
XXX.
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
and
v. 8. Bond*
ttetitie
Railroad Stoekg are quoted on a
previo'.is
Prices represent the per cent value, whatever the
page.
par may
be.
STATU BONOS.
SECmiTIES.
Bid.
Alabama—Class A, 2 to 6
STSi
. .
Rook*
St. Scott 1»8.
7», I*
L. Kock
7>, Memp.
N. O. BU.
P. B.
7», h.
R. B. HH...
7», Miss. ().
7», Arkansas Ceniral KB.
&
*
RR
*
«^
«9.duclHS8
6s. duo lS8»or
KM
Geor»;lu— Os
KKI
new
War
m
Ml
10»K
KIBH
Illinois—Os.ooupon, ISTS...
loan
KM)
lUU
1887
Pittsburg, guar....
DubUQue & Htonx City
Clev.
ct
—& Kokomo
Bloom. A Western
100«
S4S
118
ii3;i
lu
Ind
Intem'i
117^8 lis
Ueffistered sold bonds.
105Jljl06
Sinking fund
Iowa Midland. 1st m.. 8s.. ; .18:
Galena & ChlcaRO, exten. 4104
Peninsula. 1st m., conv...
Moiue:^
do
do
Long
Inland
Louisv. N. Alb.
pref.
Chic,
J27
do
114
Wi
C.
A
117
118
Puoiflc
,
American Coal
Boston ]>and (Vimpany
Boston Water Power
teuton Co., Baltimore
Gold
& Stock
150
110)^
57
46)i
106
!5S
,
S5
S2%
Pennsylvania Coal
Pullman Palace Car
8
7^
3
5
6
pref
1'^
12
165
stock Sxchange PtHces,
Bait. A O.— 1st «a.Prk.b.I910
Bost. U. A Erie— 1st
1st mort.. guar
m
Central Iowa, 1st m.7s. 1S1>9
Chesap.AO.— Pur. m'y fund
10'
oiM
05'
106
A Alton— lat murt. US
tl03
Mlss.Rlv.Bridge,lst,8.f.68
Chic. Bur. A Q.—8 p.c, 1st
109,^
Consol. mort., 79
18134
5s, sinking fund
»103J4
Chic Hk. I. A P.-«s. CP..1917 117^
•s, 1917. registered
lies 118
Xeok.A Des M., 1st, g., 5s.
97
Central of N. J.— Ist m.. '90.
m
Ist consolidated
assent'd
io«s 104«
ids'
ids!
Hdsji
113'
m%
98
Am. Dock A Impr. bonds. 107-)i 108
do
assented 107*,
Chlc.MII.ASt.P.— Ist.Hs.P.D
3d mort., 7 3-10, p. D..
lisk
let ra., 78, $ gold. U. D.
jiia^
,^.
Utm., I.AC. Div
A
M
Utm.,C. A
M
Con. slnkinufund.
2d mortgtige
i«f nt
•f ric«.
7,1,
T
.••
c.i, .n,
n
1.
llSSi
., 11614
...
t
116)4
74)^
64
99
98)4
97
107)«
.113
:118
120
113
116
120
Inn
ALd acci ued
1'23
gold
Nashv. A Decatur, 1st. 7s.
L. Erie & Wost.-lst Rs, 1919
69.
9.
&
Ist.,
98
68
loS'.'
"
»
No
price to-day
;
105
107
100« 101
ni3
D
Wabash RR.-
'79
T.&Wab..
126
125
129
Branch
...
—
Fitst-dne Co^ipons.
1900, registered
—
Stock
107
n09)4
loo!:^
95
105
116)4
115
93H
69.1977
Stock
Miss.
& Tenn.— 1st
mortgage,
89.
ra.. 8s.
B
A
.
C—
05
53'
03
68
debentures
do
do
1020.
."fc
2d. 7s
so
N. O. & Jacks.— 1st m.. .Ss.
78
Certificate, 2d mort., 89. ..
82)4 Norfolk & Peter9b.— 1st. 8s.
65
1st mortgage. 7s
51
2d mortgage, 88
65
Northeast.. S.
1st m., 8s.
66
'ii\ mortgage, 8a
74
Rich.& Dan.— 1st consol., Os
58
Southw. Ga.—Conv., 73. "i*^.
70
Stock
71
S. Carolina RR. jat m., 7a,
40
Stock
pref.
Ohio Central- Inn..
& Col.- 7s, Ist m.
guar
Macon Aug.— 2d, endors.
Memphis* Cha'ston- lst,7s
1st
Lake Erie & W'n— Inc.7s,'99l
Laf. BI.& .Mun.-Inc. 7. 1899
.Mobile^ O.— Ist pref. deben
N.Y.LakeB.AW.Inc
~9.
2dmort.,8s
101!.
& Nav.— 1st,
:
Greenville
Mississippi Cent.— 1st m., 7s
S114;
Spring.V'yW. Works— 1st 6s
1
95
80
05
70
31
07
55
18
4
88
4
94
2o
84
80
45
IS
102'
95
78
96
95
—
Tennesssee State coupons.
South Carolina consol
Virginia coupons
cimsoi. connoiis...
do
'•
1919....
ma le
85
108
78
;h5
no
60
22
6
6
»5x;
27
85
55
20
100
70
108
loa
STATES.
N. Carolina.— New 4s
So.Carolina Con., 6s (good)
Imp't. cons
East Tenn.
West. Un. Tel.— 1900, coup
thesa ar« latest quotations
20
98
{Brokers* QuoUttlons.)
Ala.iChat.— Kee'rs ctfs.var
Atlantic k Gulf- Consol
Cent. Georgia Cons, m., 78*
Stock
100
107
Charl'te C0I.& A.— Cons.,
lOlH^lOlM
2d mortgage, 7s
St.Chas.B'dge.lst, 7s, 1908
North Missouri. 1st m., 7f
4th
,
Sontliern Securities
109)4
1883
& So. la., 1st m.7s,ex op
~
Hannibal & Naples, 1st
St.L.K.C&N.U.E.&It.,
Omaha Div.. 1st mort.,
3d
15
108)4 iio5i
(K)
106
95
RAILROADS.
Ind's Bl..tW'n-lnc.. 1919..
Ind's Dec. & Sp'il. 2d Inc..
Int. & Gt. Northern- 2d Inc
l,eh. Ss. Wilkes B.Coal— 188h
118
Pac— South
—
VSH
195
"
..
95
lid"
78
.
111.
'3d
100
105
105
103
100
Texas-es, 1892
M.&S. + 103
93
-s, gold, 1892-1910 . .J.& J. •HU
116
s. gold, 1904
J.& J. tiia
101)4 101J4
10-408
Virginia
New
39
109
108)4
INCOME BOXI>S.
60%' Central of N. J.— 1008
Chic.St:L.&N.0.-2d m. 1907
I02)s:i02% Col.Chic.&Ind.C.,inc.79,1890,
Cent. Iowa coup, debt certs.
tins
127
90'
90'
100
g
7s,
Logansport- 78.
I
Oregon R.
95
107
103
109
100
7s, g.,'94
& Georgia—6s.
98
Consol, conv.. 79
98J^ E Tenn.* Va.—6s,end.Tenn
Gt. Western, 1st m.. ex cp 107X109
E. Tenn. Va. & Ga.— 1st, 78.
do 2d ra..7s,'93.ex cp 101)^1 ..
Stock
Q. & Tol., 1st, 79, '90,ex cp. 1 10094 105
Georgia RR.— 7s
b.. 69,
85"
:oi
105
101
106
99
107
116
llOsSl'
do
1st m., reg. tl27
Huds. K,, 78, 2d ni., s.f .,'85 llOV-4
Canada South., 1st, int. g.
8H«
Harlem, 1st m., is, coup., 123'4|
do
Ist m., 7s, reg.
inteiew.
C—
1st pref. inc. for 2d mort.
Istpref. inc. for consol. .
Mortg. 7s of
96
80
82
60
97
85
63
^^
BOiij
ld:i
-.09
N. Y. Elevated-lst. 7s, 190C
N. Wisconsin— iQt. ft.
U.
105
Belleville
So. III., Ist m.
St. P.i Sioux
Ist 6S.1919
St. P. M. & iVIanlfa— 1st, 7s.
2d mort., 69, 1909
10114 idl'i/
1890.!tl07
6s, 18.S7
68, real estate
6s, subscription
2d mortgage, pref
income,
do
Clarlnda
101)4
,1184g
'-07)j,
„
&
&
mortgage. W.
Burlington Div
A Western stock
Union &
.
116
'99
7s.
Br., 1st mort
Cairo
Fulton, 1st mort
Cairo Ark.
T., 1st mort
St. L. Alton
T. H.— Ist m.
Arkansas
....
f
Mobile & Ohio— New m.
Nasli.Chat.&St.L.— 1st
N. V. Central— 6s, 1883
gr.,7s
100
100
93
50
'1
oeji
Equipment bonds, 78,
1919
Inc., 1911....I
Cent. Mo..
I.
Extension
Tol. Can. S.A Det.— Ist.
m
L.& Iron Mount 'n-lat
2d mortgage
...
97
<
2dmortgagc,
1st, ex.
H0US.& Gt.N.— I8t,7s,g.l900
1st niort,giige, 7s (pink).
Rome Wat. & Og.— Con. 1st
&
71X
T.H.-lst m 113
105
2d mort.gage, guar,.
South Side (X. I.)— 1st mort 99
10«
South Minn.— 1st m., 7s.
do
..
118
Mo.K.*T.—Con8.a8s..l«(M^
,H.
64)4
83)i
St.L. Vandalla*
128
1st mort., sterling
Equipment bonds
95
St.L.A S.E.-Cons.,
•1^!4
11S><
Metropolit'n Elev— lst.190.'^
Mich. Cent.— C<ms.. is, 1902
1st mort.. 8s. 1882,
gr't
Consolidated 83
Stock
Galv. H0U8.4 H.— 78, gld,'71
St. J o.
121!.«
N.Y. & .Man. Beach lst79,'07
Marietta ,& Cin.— 1st mort.
68. 1900
& Crawfordsv.
& Pere M.—88, I'd
Gr'nd R.&Ind.— lst,7s,l.g.gu
1st, 7s, Id. gr., not guar,
Phll.A Read.—
Cons. coup. 6s
Registered 6s, 1911
I9t ext.7s
1st St. L. div.78,e.x raat.cp.
2d mortgage ext.. e.x coup
103)4
...
....1110
Cecilian Branch, 7s
Bl.&Mun.— 1st
73
72« 7SM
.t Pac.-lst, 6s, 1905. SlOO
*90
Consol. 69.1905
60
gr't. reg.
1st
115
.
Laf.
Klint
Texas
Pur. Com. rec'pts. Ist.E.D
lst,7s.'190«
Manhattan Beach Co. 79,
equipment
7a,
Evansv.
Tol.Peo.&W.-
new bonds.
.
V-'*
106M
114
74
62
Ind., s. f., 78.
sink. fimd..
N. Y. C.& Hud.. Istm.. cp.
118il
«11U
i8tm.,I. A I)
Istm., H. A D
m..
do
cons. coup.. 1st
do
cons, reg., lat..
do
cons. coup.. 2d.
do
cons. reg.. 2d
Louisv.A Nash.— Cons. ui .,78
7s,
m
do l5t0s,Potrce,C&<>
South Pac. cf Mo.— l9t m
&
110>«
. .
1st
m
6s, '99
6s, 1908,
7s, 1908
Inc. mort.. coup., 7s. 1896.
Deb. mort., coup., 6s, 1893
Deb. mort., conv., 7s, 1893
95)s
108
Cleve. P'ville & Ash.. 7s
Buffalo k Erie, new bds..
Buffalo & State Line, 7s.
Kal'ioo & W. Pigeon. 1st
2d mort.,
2d mortgage
Income. 7s
St.
,
Dct.Mon.&T.,
Pac—
do
110)4
Ill.Cent.— Dub.JtSioux C.lst
Dub. & Sioux C 2d div
do
.
General, coup.,
ind'y. 79
& Tol.,
mu
grants, 79
51
RAILROADS.
Atch.&P.P'k—6s,gld, excp,
2d
110)4
Stock
97)i
Chic&Can.So.— 1st m.,g.,7s
113
Chic. & E. 111.— S.If.c'y,f907
110
111
Income bonds
115 116)4
Chic. St.P.A M'polls- lst.6s
114
Landgrant Income. 6s
105«
Chic.At Southwest.- 7s. guar
Cin. Ijlfayette & Ch.— 1st
118
Cln.S Spr.-lst, C.C.C.AI.
116V
1st ra.,g'dL. 8. .tM.S.,
103)i 194^6
98
92)4 Denver Pac— l9t,7s,ld. gr.,g
~
Brie & Pittsburg— Ist
107
109'
Con. mortgage, 7s
Improvem't, coup.,
\WH
.
94«
104>i
.
Bost. & N. y. Alr-I^-lst m,
Cent. Iowa.— Ist m., new
7s, 19I1
Registered 7s. 1011
vm
94
104
104
{Brokem" Quotations,^
113)i,
104)2 104)4
Coupon
Lake Shore Div. bonds...
Sinking fund
A Chicago. 1st m... S108 109
Louls'a A Mo., 1st m.. guar *113« 114W
do
2a 7s. HK)0. i08
Bt. L. Jack. A Chic. 1st m. *118
Adjustment, 1903
Lehigh A W. B., con., g'd.
and
Cleve.
Jollet
do
assented.
^
Convertible
do
assented
Inc.
Lake Shore
Mich B. & N.
88. gold, series B, int. def.
6s. currency, int. deferred
Income
119
120
Ist.con., f, cp.,7s Mlfl
84
2d,con.,f.cp.,os,0s
Han. & 8t. Jos.—8s. conv
UOUS.& Tex. C. Ist, m. I. .7s 100
106«
Ist mort.. West. Div., 7s.
N., 7s„
1st mort., Waco
Cedar F.& Minn.,
l^g
Bur.Ced.R.A North.-lst.Ss 'oi'
Mlnn.A St. L.. 1st. 7s, guar tl07
Iowa City & Wesfn.lstTs
lllii
118^^
Ind. Bl'm & W.-lst, pref. 78
1st mort., 78, 1900
2d mort., 1909
Ind's Decatur & Sp'd Ist 78
Int. & Gt. North. 1st fls.gld.
Railroad Bonds.
I.
HI
do
do
—
— Incs,
E'yil.'e
accum'lative
.
*118
.
int.. 6s.
.,
2d C, Main lino, 8s
2d Waco &N., 8s
114
Silver Cliff Mining
BtandaraCons. Gold Mining
i«t m..
.
9iH
Miscelliineons List.
95J^
112V
Income and land
&
S801
Quicksilver
^do
lat Pa. div., coup., 78. 1911
reg.. 78. 1917
do
m., lOlfl
N.Y.L.E.&W.,n.2d,con.,fis
7
110
8
Indianapolis & St.L.— 1st
Penn9ylvania RR—
Indianap.& Vine— lst.7s. gr
Pitts.Ft.W.& Chic, 1st m. 130)4
Kansas & Nebraska— Ist m
183
do
do
2d m
2d mort
do
119)4
do
.?d m..
Long Island— 1st mortgage.
Cleve.* Pitts., consol s.f li'TW
N.Y.&Greenw. L.— 1st.7s, n.
J 100
do
4th mort... t:09
do
2d
109>«
75
Col. Chic & I. C, Ist con
N.Y'. & Oswego Mid.— Stock
do
2d con..
Convertible bonds
78)4 80
do 1st Tr't Co.ctfs.ass,
100 J, .01}^
Midland—
N. J.
Ist, 7s, gold
do
do
suppl. 481)i
120
2d mort
do 2d
do
ass.
78H
106
New Jersey So.— 1st, 69. new
St.L. Va.&T.H., Ist g.7s,'97 ;113
Pacific—
St.
Joseph
&
Istm
106W 10«M
do
8d7s, 1808 t96
101*.;
2d mortgage
105
do
2dgtd.7s, '98
Long Dock bonds
Buff. N.Y.& E, 1st
. .
do
do pref.
3>*
Maryland Coal
•Mii
Montauk Gas Coal
Ontario Silver Mining
Oregon Railway A Nav. Co. IIU
Chicago
109
108
107
lOS
.
,,
do
tlOOJ-i 107^<
.
Homestake Mining
LaPIataMining
SOW 91
iBt m.. Ciirondelet Br
St.L. & S.F., 2d es.class A.
do
3-6s, class C.
do
3-6s. class B.
109)j
2d
73)4
Ist m.. 6s, '95, with cp.ctf
Ist m.. Bs, '90,
do
Den. Uiv. 6s ass. cp.ctf.
do
l9t consol. 6s
Pactflc RR. of Mo.— ist m.
113« 11554
80
56
23
St.L.I.M.itS.— 1st 7s.prf .int.
1st
Collateral Trust, 6s..
tl02
2d mortg.. ext'n 5a. 1919
3d mortgage, 7s. 1883...
4th mortgage. 7s, 1880
5th mortgage. 7s. 1888
1st cons, gold 7s. 1920
Iron....
Leadvitle Mining
Little Pittsburg Mining ...
Mariposa L'd & Mining Co..
Sinking fund
Registered. 8s
Kansas
Albany & Susqueh., 1st m.
2d mort
do
3d mort..
do
Ist con., guar
do
Rens.& Saratoga, lst,coup
Ist, reg
do
Denv.& R.Grande— 1st. 1900
Erie— Ist mort.. extended
...,
Telegraph.
Land
ids'
2d mort
do
bonds, 1900
do
construct'n
do
78 of 1871
do
do
l8tcon.,g"d.
Del.*IIud.Canal—
1st mortgage. '84
162
1st mortgage, 1891
extended
do
Coup., 7s, 'iW
do
57«
Reg. 7s, W.
do
47
106
& Oregon,
114
ilOO
.
Caribou Consol. Mining....,
Central Arizona Mininic...,
Central N.J. Laud Imp
Climax Mining
Colorado Coal & Iron
Consolidation Coal of Md..
Cumberland Coal A
Dead wood Mining
Excelsior Mining
Cal.
&
Peoria Dec
95
115
113
108
State Aid bonds
tl08
104
Land grant bonds
Western Pacific bonds.. ;110
South. Pac. of Cal.— Ist m.
97
Union Pacific— l9t mort
117M
f
f 'd
San Joaquin Branch
109
108
il05
7y. convertible
116
MortCTue 73, 1907
Syr. Bilssh.&N. Y., lst,7s 113
127
Morris A E2isex,lst ni
pref.
Tbledo Peoria & Warsaw
United N. J.RR. ACanal ..
Miscellaneous St'ks,
Adams Express
Americiin Express
United States Express
Wells. FarKo & Co
lor
110
..
St.L.& N. O.- Ten. lien 7a
1st con. 7s
Del. Lack. & West.- 8d m.
S70
i83
Stonlngton
Terre Haute k Indianapolis
Texas
—
m.
St. P., 1st
2dm
do
C. C. C. 4 Ind's— 1st, 78. s.
Consol. mortgage
03
N. V. New Haven So Hartf.
N. T. Ontario & West. .pref.
Peoria I>ecatur & Evansv..
Pitts. Ft. W. & Chic. guar,
spec'i.
do
do
Rensselaer & Saratoga
Rome Watei-town & Ogd...
St. Paul & Duluth
i Mil., 1st
Winona &
A Chicago..
Metropolitan Elevated
N.Y. Elevated
do
.
{88
Hs
1st m., 8s, 1920.
Peoria Dec. & E'villo, Ist 6s
Pacific RailroadsCentral Pacific— Gold bds.
.
& Gt. Nnrtbern
Keokuk &. Des
::!:iii6ii
.
AND BONDS.
ni.
Ohio Cent.,
117«U7«
Coupon Kotd bonds
Harlem
106
& Miss.- Consol. s.
Consolidated
2d consolitlatert
Istm., Springtield div
VZ\H !28
1st niortnaife
Frankiort
108»
Ohio
110
102
bonds
Consol. bonds
Extension bonds
.
D. Of Columbia-3-65s, 1924.
Small
Registered
Funding 5s, 1899
do
registered
3
ITIISCELIiANBOVS STOCKS
102W
4>«
34
29
29
6s, consol., 2d series
6s, deferred
>
t80
"
("
new
new series
Virgina—6s, old
63. new, IHWJ
6s, new. 1H(17
18J^'
68, consol. bonds
63, ex matured coupon.
18^1
Rhode Island—fl8.coup.'()8-9 115
Nevada Central— 1st
}
u
3
69,1886
AsIc
11
f"
Ohlo-«8,1881
.
Int.
64«
Ul
68,
Cs,
10
10
17
17
Special tux, class 1
do
class 2
do
class 3
New York—Os, gold, reK.,'87
SECTHITIES.
South Carolina—
68. Act Mar. 23. 1869.
iti'
Non-fundabic
.... Tennessee 6b, old
2S"
RR
Chatham
loa
Chic. ll.JtSt.P.—Continued
S.-west div.. 1st »9. 1009.
1st 5s. LaC. & Dav., 1910.
Chic. & Northw.—
Sink, fd
Stailroad Stocks.
.
in
ABk.|
88
118
118
00
90
New bonds, J. & J
do
A.&O
no
or Univ., dna 'Vi.
Funding, 181M-95
Uannlbal Js St. Jo., IW.
1887.
do
do
RAILROAB AND
—
107!,
loa
Jfew York-»3, limn, ISW
{Acttt^e ;irfriouslt/ quoted.)
do
A.&O
do
coup. oir. J. & J.
do
coup, off, A.&O,
Funding Oct, 18fl«
do
1808
107J
'00
6s, gold, coup.,
68, loan, 1883
IHei
69, do
Kentocky—8»
Albany i, Susquebatina
Boston & N. V. Air Ij., pret
Burl. Odar Kaplds & No.
Cedar Kails & MinnesotH...
Chlcauj A Alton, pref
411
Asylum
KW
endorsed
7s,iruld
loan. 18BS ..
.N'orth Carolina—6a, old.JJtJ
es.old, A.&O
No. Car. RU., J. & J
103
113
103
ISUO
Ml98i>uri-«s. duo 18sa or '83
as, due ISHB
Bs.duo 1M87
Bid.
Vork— Os.
.Vew
-I.
.
Connecticut—<is
7s,
78,
lK>ulslana— 7b, consolidated
7s, small
Mlchlgon-6s, 1888
k"
VM
Arkans«9-«s. funded
R
SKd'ElTlES.
flO
DO
Clau A. 8to5, small
ClauB.Ss
CaasaC.atoS
SECtmiTIES.
\sk.|
Ask
non-enjoined
Non-mortg. bonds
7s, 1902,
3d"
West Ala.— 1st mort.,
J80
his week,
47
2d innrt.,
t
,s^,
68
<'..'i-
No qaotaUon tcday; h test
—
75
99
100
105
118
113
41
10
40
lO
35
.50
105
no
20
90
100
108
112
89
98
106
108
100
100
95
US
99
110
70
110
105
103
104
104
100
06
29
1(«
106
115
100
111
110
100
103
111
75
119
110
106
100
31
lOS
109
lis
108
113
113
101
104
106
130
115
104)4 I05)i
107 1110
95
106
104
107
IS
15
70
73
37
40
111
114
114
112
I'i")
sole tola
week
May
THE CHRONICLE.
1880. J
8,
NEW YORK LOCAL
Bank
489
SECURITIES.
Stock Llat
Insuranre Stock
[Qnoutlo&a by K.
COHPANtKt.
Llat.
8. BjirLBT. Brok«r,7 Pino
Hr«»t
.
MarkMttiuij (•;
are not Nat ..
America*
Am. Exchange
SowerjT
Broftdwar
Bntcbera'dbDr,
Central
Ajnerican
Uowory
Chase
Broalwftjr
Chatham
Brooklyn
Chemical
Citizens*
CITIzena'
Commerce
...
Columbia
Commercial
CoBlInental...
Corn Kzch'ge'
River
...
Continental., t
..
datcle
llih Ward''...
Empire
Fifth...
Fifth Avenue'
First
City....
KxciiauKe
KarraKut
Klrcmen'8
Fourth
Fulton
Klremen'RTr.
KrankliiiAKmr*
Germaii-Araer.
(iallatln
German Am.'
Qermanla.
Globe
Greenwich
(iernian Bxch.
Germanfa*....
Greenwich'...
Grocers*
Flamllton
....
lianover
,
Imp.ATradera'i Im
Irving
Island City*
Hoffman
Home
...
Elope
Leather .Manuf.
Manhattan*
.
Howard
.
ImporterB'»& T,
Irving
Manuf.iMer.*
Marine
Market
Mechanics*
Mech. Assoc'n.
&
Mech'lCfl
...
Guardian..
Hanover
.lefferson
Kings Co.(Bkn)
Knickerbocker
Lalayette(Bknj
Lamar.. ;.,,
Lenox..
Tr.
Mercantile
Merchants*. .,
Merchants' Ex.
Metropolis*.
LonKl8!.(Bkn,'T
Lorlllard
.
Metropolitan
Murray
1
City
Clinton
City
.taat
+
American Kzcb
,
,
Munul.& BuUd,
Manhattan
Mech.ATrad'rs
..
Hill*
..
Nassiiu*
NewYcr»
MecU'lC8*(Bku)
N. r. County,.
Mercantile..
Merchants*..
N.T. N.
i.ioh.
Montauk (Bkn)
Nassau (BklynJ
Ninth
No. America".
North Kiver*.
National
N.Y. Equitable
New Tork Fire
N. Y. & Boston
New York City
Orlentai*
Faclilc'
Park
People's*
.
.
Pheulx
Produce*
St. .vicholas...
Niagara
North River....
PaclBc
Park
Seventh .vard.
Second
Peter Cooper...
People's
RepuWic
Slioe
....
& Leather
Pbenlx
Sixth
Kellef
Bute of N. T.
Republic
Third
Tradesmen's.
Union
Standard
West Bide
The flRurea
i
t
Rutgers'
St. Nicholas....
Star
SterllnK
In this ooluma aro of date April 23,
20. 1880, for the State banks.
Stuyveaant
and of date March
25
25
23
Tradesmen's.,..
United States..
WRBtchester...
10
Wllllamsb'firC.' 50
Over
Bab Companiks.
all llabtUties,
Including re-lnauraace, capital and ecHp.
t Surplus
includes scrip.
Brooklyn Gas Light Co,
Gas Co (Bklvn)
do
bonds
Harlem
City SecariUeft,
Citizens'
Jersey City
Manhattan
IQuotatlotiS
& Hoboken
by DA.!fisL A. Uobax, Broker,
27
Plae Street.]
Ifietropoiltan
],
do
certificates
Pbici.
Bonds
Matual.N. y
do
bonds,
Hasflau. Brooklyn
do
scrip
Hew York
do
do
1&41-63
Water stock
Croton wateratock.. 1845-51.
do
do
..lS5a-60.
Croton Aquert'ctBtock.1865
pipes and mains...
do
repervofr bonds
lo
Cent ral. Pai k bonds .. ISSS-OI
do
..1853-65.
ao
Dock bonds
IffTO.
do
lr?5.
1865-08.
Market stock
bonds
certiacates.
Central of New York
Williamsburg
do
scrip
Metronoiltan, Brooklyn,
Muulripal
uo
Fnlton Mg
bonis
.Iclpal
[(quotations by H. L.
Beecicer S«.,t Fulionterr^ -stk.
u t m ortgiigc
Broidway
Seventh Av^~%iii.'.
(t
mortgage
Brjo\ ii/u oiti/— stock
1st
'
uiorlKaKe
B)oi.*:j/n)— stocK.!
B^ooktfjn .fc I/iimer's /^— stock.
1st
S Oii'licaii
(
Ist [iiortKaj^e lionds
Bu.liwiclc
Ce anil
Gkast. Broker.
900,000 J.
«U4.000iJ.
1,000
10
1,500,000
"«i
l,(ln..
11-
1
4r^nwe— stock
till iL.jt
Ut
drnnd
'
230,000
1,SOO,000
1100,000
100
St terriz—eloet.
''•.rtsage
"roHii 'iown- 9loc.^.
..
Utmorlffvye
Uo'Mtn,
iit.,tPuvJ'i/—m
WM
Mm rlgige
Second Ao .nur.—noc^
8d mirt.'aire
f,ons. Conveitlalc
.
A ,;.
&J.
«J
AD.
J. ft
due.
Bid.
l)ec.IU02;I07
Feb.,
m-t.
May, '80:UO
Q-J.
Apr
l'»
113
173
.
Ji
'«,')!
,
'80
,j
May,
Apr.,
ilHl.lKlO .M.ft S.
'.
l.0O»1
;.-.o.uHii
M.*N,
Jl,-.,'") J. ft
1(10
KKi
V.*N.
1.1
,'1.1,1,
.'.i«"i,
'
I
i|
J.
tJ_K.
I.
4.1.
4A.
^l.r,.in.M.A N
O'vl.iHio
K.
no
lO'J
UK)
170
110
UO
:J5
July, '94
Jan., 'SO
*i
Apr
'h5
'88
1
.
112
125
112
'•o
18M
KM
iO»
do
1*18
1801
1898
1884-18BT
1880
187«-18M)
IBOl
18»«
1879-1882
108
:aa
'W
12&
ii«
var
var
do
do
Consolidated
Westchester County
var.
November,
do
do
do
do
do
& July.
January
do
flo
May
<£
Novem xr
1
New
ICtt
1IH
118
1024 I0&
105
lis
119
109
102
1896
113
118
107
102
1884
lis
107
102
1!6
1SB4
11121
Quft"t''rly.
...,
IIW
117
I0!i
it.]
Art/uniun— Local
City bonds
ijn 'T'eiu'i
Jainary
do
do
do
do
Brld^ebonds
>vaier loan
City bonus
Kings Co. bonds
a.#
^o
May
do
do
Park bonils
Brldf
"All Brooklyn bonds
ft
July,
ft
1879-1880 101
l*)oi-l8J»' 103
:9IS-19'i4 12H
i*j
JO
do
00
du
do
Sovaraber.
lo
d.^
Jwinary A Joly.
Jo
do
t900-ll«24'l^5
1904 1VI2|I2,'
lSa9-l005 low
1881-1895' lUS
I88lH8wtlii«
isso-isssliu
IMU
,tlH
1907-1910 113
lit
127
'127
1
124
113
115
HI
tin
Ill8
US
Bat.
01
(10
lO-'l
1
l)2U
93
Sept.
!02«
[Quotations by C. Z,kBBisKti, 47
Moatgomory
SI.,
Jersey City.]
1)5
I
W
I'JS
luly. '»0 110
., 'eo.iso
lulv, '90 lot
Feb,, '80 1(8
Fe
Mn
Consoltdfited bonds
Street imp. stock
I
,
May,
\l;.,y.
. .
do
do
do
do
do
Parkbonds
Water loan bonds
103
30
US
55
May&
do
180
113
Sov.lUO)
do
do
May & November.
tQuCations by N. T. Bkseb, Jr., Broker,
R2«
1)3
I
I0«
18M-igil 10«
(15
1-0
J.&n
1(2
107
103
110
»7
6'i^
'80
I'-VO
18«0
in;
I.SUO
103
1883-1'*0 1C4
1884-1000 112
Feb., Mar, Kug.Jk^or. 1907-1911 109
1869
110
150
100
do
do
do
May & November.
Assea meitt
II!o
May Aur.A Not.
do
do
do
18t,&.
CoosclMatcl
Inly. '81 102H; 105,W
'SO 100
hov., '8)102
apr.,'80 140
Apr., '80, il5
llO'.i.^
1888
Jan., '801 83
Jan., '801 78
Keb.,
Imprivemeut stock
do
uo
New
03
May,
J.
748,000 M.&N,
238.000 A.ftO.
000,000
1,000
200,000 M.4N.
100
250,000
500
500,000 J. * J.
100 1,11«,600 J. ft J.
1,000
150.000U..IU.
l,o->o,(i.io
21
101
fS
(,pr..'?0
100
1,1 Kiel
.
2O3.0(Kl
2
7
)
'I-O
ij'iv.iaoo
100
l.Oiio
,
*
« Jan..
1,000
500&C.
100
—
l»t -irtJirtge
2Wfnttf-t.''lra fiireet~~«U>CK...
& I).
F.*A
1,000,000
,
l.Ooo
txtcis on
Sixth Avenue- stock
Utinorrg.ge
27(<rd Ase.ivc— stock
.
.V.&O.
,r,
I.
u.".o,u;o
1,000
Central
J.I
«— F. SH
I
D
lsim)rti;aHe
nroadway.l
*'•' 7
loillM.&N.
»«i Q-.t.
loi)
lo.>
X<* A. Mtier— stk.
-J.
'.i,l)00,000l
1,0011
1"
&
Q— J
100 2,1IH),000
Oonjolidite^i Tiortgrtee bon. s 1,1«1'>
Christtopher d Trnfi. ,Se.— Stock
100
Bci.as
1,000
(/ Oock, ,t. u. u. Battery —b\.&
100
1st mortgag*., cona'd
SOOcic
Et'jh'fl
145
I
100
1,000
(/^'Jl7i/7ij— stock..
,lf7.
/'*..
Fayablti.
Yiw York:
People's (Brooklyn)
no
do
Montns
Rate.
m iiMK
Jeneii C«if—
Watei loan .lOnz
ii's'
1115
•to
105
112
Improvement bonds
111-*
Bergen bonds
uiun sbows last dividend on «(ocic«. but the date ol maturity ot bontH
I
ise«-71
1JC3-6S.
a
7
7
7
Jintiary
Janijarv
.')
Jai:u,iry
July.
fj .luiy.
J.& J.ana
J
ft
U.
and Jalr.
lS-5
1(11
!SK- ilWi 107
i8WL.U4 '(«
IWU
laii
lU
108
lOU
to I
THE CHRONICLE.
490
Juwjesttweuts
AND CORPORATION FINANCES.
THE INVESTORS' SUPPLEMENT.
STATE, VATY
The
is issued every other month, and
be published Saturday, June 26.
IsvESTORs' Supplement
number
the next
will
[Vatu
XXX.
Inerease in pross earnings
9'24 per cent.
$1,291,726
Increase i]i expenses
447,923
5 28 percent.
Incre.ise in net earnings
843,802
1536 per cent.
BISrOSITION OF NET EAKNINGS, 1870.
Paid interest, guaranteed dividends and rentals
$2,754,987
Contribution to sinkinc fund
2.50,000
.^^shtahula accident settlcinents
"eo, 128
Dividends Aug.l, 1879, 2^ per cent; Fob. 1, '80, 4 per cent. 3,215,322
Unexpended balance
50,529
Total
$6,336,968
now settled, with a single unimportant exception.
The
amount earned for each share of the capital stock,
The following is an index to all reports and items heretofore the payment of prior fixed charges, was $7 24, against $5
published in the Investment Department of the Chronicle 1878 and $3 57 in 1877.
* All
INDKX SINCE APRIL SUPPLEMENT.
issue of the Investoe's Supplement; annual
reports are indexed in black-faced type
46fi
463 Blaryland Union Coal Co
A IlcKhcny Valley
406
433 Meiuiihis & Little Rock
Atchison Top. & Santa Fe
Atlanta & Charlotte Air-Line. .432 Mil. Lake Shore & Western ....464
46.'j
43i
Minneapolis <& St. Louis
Atlantic & Great Western
434
433 Mobile & Ohio
Atlantic & PaeiHc
since the last
C0JIPARI80N3 FOR TEN YEARS.
:
464 New Orleans City Bonds
N. O. Mobile & Texas
464 New Orleans & Paciflo
433
433 Ohio & Mississippi
433 Paducah & Elizabethtown
Boston Water Power Co
Cairo &8t. Louis
Central Iowa
& St. Paul
Chicago & Northweateni
433
Chicago & Pacific
Chicago Kock Island &Pac... 465
465
Chicago St. Jyouis & N.
4(i5
Chieaso & Tomab
Chic. Mil.
Pennsylvania Co
Pennsylvania RR
Peoria Uecatnr & Evausv
Philadelphia &. Reading
465 Port Royal & Angusta
Cincinnati
Cincinnati Hamilton & Dayton 465 (Quicksilver Mining Co
433 yuiucy Missouii & Pacific
Cin. Wabash A Michigan
405
Connecticut Western
St. Louis Iron Mount. & So
465 St. Louis & San Francisco
Dallas & Wichita
434
Georsia Railroad
465
GeorKiii State Bonds
463
Grand Rapids & Indiana
464
Orcat Western of Canada
464
Housatonic
434
ludlauap. I>elphl & Chic
Kansas Cltv F. S. & Gulf .463, 465
466
Kan. City St. Jo. & C. B
I,ake Ontario Son tliern... 434, 466
434
Laurens Railroad
460
Local Inrtcbtoduess of Ohio
Louisv. N. Albany & Chic. 434. 400
—
Savannah
460
466
434
434
— 432
4 :< I
434
& Memphis
434
434
466
466
407
434
433
467
Xavigation Co
431
434
Selma Rome itDaltou
.Southern Minnesota
433, 467
432
Sutro iuunel
467
Tenn. State RR. Bonds
434
Toledo Peoria & Warsaw
467
Township Bonds
467
Vallev, of Ohio
SiOiuylkill
Virginia State Finances
4.54
Louis & Pao
Wet*t Jersey Railroad
West Side &Yi inkers
434
Wab.
St.
431
4.54
ANNUAI. REPORTS.
The
{For the year ending Dec. 31, 1879.)
pamphlet report for the year 1879 has
A
—
CONSTKUCTION AND EQUIPMENT.
" These accounts remain unchanged. Nothing was charged
to them in 1879, notwithstanding an outlay of about $150,000
for items fairly chargeable to construction and $300,000 paid
for seven hundred new box freight cars. Of this amount $138,915 was derived from the premium on $882,000 first consolidated
mortgage bonds, sold to pay off a like amount of bonds ( of the
former C. P. & A. Co.) which matured January 1, 1880. This
item is not included in the earnings on the one hand or expenses on the other, but was appliea directly to the payment for
cars as stated.
With this exception, all outlays for improvements are included in the operating expenses."
STOCK AND FUNDED DEBT.
Of the guaranteed stock, the claim for dividends between
1857 and 1863 has been settled on $360,600, leaving $172,000
still unsettled.
Of the ordinary stock the company owns 2,679
shares ($267,900), which appears among its assets in the balance
sheet.
consolidation are
Operating
Gross
Year.
Miles.
1-013
1870
1-074
1871
1-136
1872
1873
1175
1-175
1874
1-175
1875
1-177
1876
1-177
1877
1-177
1878
1-177
1879
Av. 10 yra. 1-145
It
will
expenses.
Per
Earninjis.
$13,.509,236
14.898,449
17,099.935
19,414,509
17,140,131
14,434,199
13,949.177
13,505,159
13,979,766
15,271,492
15,380,805
Interest, DlTlRentals, dends.
&c.
Pr.ct.
Net
cent.
61-95
65-64
66-90
70-90
65-04
72-96
68-64
60.37
Earnings.
$5 140,415
5,118,043
5,800,409
5,007,911
5,993.760
$1,828,897
2,121,164
2,201,459
2,654,560
3,008,193
3.9()2,098
2,810,'294
4,374,341
4,541,193
5,493,165
6,336,968
5,242,950
2,759,989
2,775,657
2,718,792
2,754,988
2,563,399
60 70
58.50
05-91
8
U
8
4
3 "4
2
3 '4
2
4
«»,
4-9
be observed that the net earnings in 1879 were the
largest in the history of the road.
The following condensed table shows the freight and passenger business and rates for the entire ten yeai-s 1870-1879:
—
-Preight.Receipts
Tons
per ton
carried
per mile.
one mile.
Cents.
Year.
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
574,035,571
733,070,696
924,844,140
1,053,927,189
999,342.081
943,230,101
1,133,834,828
1 ,080,005,561
1,340,4»>7,82
1
,733,423,440
1-504
1-391
1-374
1
-335
1-180
1-010
0-817
0-864
0-734
0-642
f'-eight business in 1879, as
the following results:
just been
issued, with its usual complete statistics.
full abstract of
the figures, in comparison with those of three previous years, has
been prepared for the Chronicle, and is presented in the tables
below. The road operated includes the main line— Buif alo, N. Y.,
540 miles, and eleven branches and tributary
to Chicago, 111.
leased roads, 637 miles ; total, 1,177 miles. The company owns
miles
although
(
160 miles are embraced in three other
1,025
organizations) and leases 153 miles.
fall
The financial results of the ten years since
shown by the following condensed table:
The
Lake Shore & Michigan Southern.
after
61 in
Passengers.
,
.
per
Reeeii)ts
passenger
per mile.
Pa.s8cngers
carried
one mile.
100,500,114
Cents.
2-612
2-808
2-599
2-542
2-452
2-378
2-090
2-319
2-287
2-223
112,084, -243
102.308,495
179.303,173
173,224,572
104,950,801
175,510,501
138,110,018
133.702,021
141,162,317
compared with
1878,
shows
23-7
29-3
12-5
12-3
percent.
per cont.
per eentper cent.
Increa.se in tonnage, 1.442,849
Increase in tons one mile, 392,955,014
Decrease in rate per ton per mile, cent, -092
Increase in freight earnings, $1,239,309
tons moved one mile in 1879, as compared with
shows the extraordinary increase of 60 per cent.
Comparative statistics for four years have been compiled for
the Chronicle as follows:
KOAD AND EQUIPMENT.
The number of
1877,
1879.
1,025
1876.
1,025
1877.
1,025
1878.
1,025
152
152
152
152
..,
1,177
1,177
1,177
Locomotives
Pass., mail & exp.cars
495
267
495
264
495
248
Miles owned
Miles leas'd&contr'ld
Total operated
9,001
8,479
8,483
1,800
1,599
1,947
OI'EIIATIONS AND FISCAL RESULTS.
1870.
1877.
1878.
1879.
Operatinns—
3,119,923
2,742,295
2,740,032
2,822,121
Passengers eanied...
P.-issenger mileage. ..175,510,.501 138,116,018 133,702,021 1 41,102,317
2-'22 cts.
2-09 cts.
2-32 cts.
2-29 ets.
RateperpasB. p. mile
Freight (tons) moved 5,635,167
5,513,398
6,098,4-15
7,541,294
Freight (fns) mileage. "1,133,834 •1,080,005 •1,340,467 •1,733,423
0-642 ets.
0-734 cts.
0864 cts.
Av. rate p. ton J), mile 0817 cts.
Freight cars
Coal and all other ears
Earnings—
$
$
$
$
3.604,148
9,405,629
879,400
3,203,199
9,476,008
825,352
3,0.57,393
3.138,004
10,048,952
873,421
ll,288,-260
Total gross earn'gs 13,949,177
ht^iiHiin JijrpeiisesKj-»piisrs—
.*
Otterating
2,097,721
Maint. of way, &c
1,403,835
Maint. of ciiuipment.
4,933,917
Tr.anspoi-t'n exp'nses.
13,.505,159
13,979,706
15,271,492
495,747
643,015
480,974
470,418
9,574,835
4,374,342
8,963,905
4,541,194
66-37
Passenger
Freight
Mail, exines8,r-nt8,&c
"The first mortgage debt of the company was diminished
from $23,000,000 to $22,750,000 by the regular contribution of
$250,000 to the sinking fund, which now amounts to $2,250,000 Taxes
first mortgage bonds purchased and canceled.
The second Miscellaneous I
mortgage debt was increased $665,000, which represents the
Total
cost of $1,732,500 first mortgage bonds and $1,384,700 of the
Net earnings
capital stock of the Chicago & Canada Southern Railway ComP. c.of op.exp. tocarn.
«
2,241,298
1,301,896
4,409,379
845,228
»
S!
1,811,284
1,691,005
1,200,644
4,534,890
1. -204,527
460,335
587,720
4,626,385
437,116
1855,212
8,480,000
5,493,106
60-70
8,934,524
6,330,968
58-50
5,090,828
10,509,774
!
6864
pany. This purchase gives this company the control of that
company's road. It extends from the Detroit River, at Grosse
* Three ciphers omitted.
in 1879. $658,962.
I.sle, to Fayette, Ohio, a distance of 67 miles.
t Hire of ears was in 1878 $380,009
From Fayette to
^
Includes damage and loss freight and baggage, personal iiyTu-ies,
Butler, an important station on our Air Line, and the eastern
law exiieuses, rents payable, and hire of cars.
terminus of the Eel River Railroad, a distance of only about 35
INCO.ME ACCOUNT.
miles, the road is graded, and this company was not only
1879.
1878.
1876.
1877,
menaced with the completion and opening of this road to ButReceipts—
$
$
ler, but possibly its ultimate extension to Chicago, as originally Net earnings
6,336,968
4,541,194
5,493,166
4,374,342
197,662
172,806
171,770
212,216
intended. As the opportunity occurred to obtain the virtual Interest and divid'ds.
ownership of this road at the low cost of $10,000 per mile, it
6,509,774
5,690,828
4,712,970
Total income
4,580,558
wa.s deemed good policy by the board of directors to accept
$
$
$
DisbHrarmcnls —
$
it.
2.51,924
257,489
265,404
272,675
This company has operated that road since November 10, 1879, Rentals piiid
2,611,180
2,616,9.55
2,628,680
2,646,180
as agent for the Chicago & Canada Southern Railway Company; luttrest on debt
Dividends, guar
(10) 53,350 (10) 53,3.50 (10) 53,350 (10) 53,.350
hence the earnings and expenses of that road are not included Dividends, orilin'y (3 >4) 1,607,661 (2) 989,330(4)1,978,660 (•)3,215,3'22
60,1-28
77,909
in this rep..rt. It is proper tu state, however, that the earnings Ashtabida accident -.
495,722
37,544
4.378
thus far in the winter season are somewhat in excess of the Miscellaneous
306,530
680,261
276,106
6,692
Balance, surplus
;
.
cost of operating."
INCOME ACCOUNT, 1879.
result of the year's business, as compared with 1878,
03 follows;
The
Total
was
4,586,558
4.712,970
e'a per cent.
tDiu-ing the year $473,100 of woi-tlilcss assets were written
*
off.
May
8,
THE (JHRONICLE.
1880.]
GENERAL HALANCE AT CLOSE OK EACH FISCAL
Afudii—
1876.
1877.
$
$
1879.
$
14,378.0011
EnlliiiiKl, h'l(]ings,&o.
G8,r)fil,79C
68,703,200
Equliniicnt
14,378,70!)
11,378,70!)
14,378,70!)
Real cst.itortlfppnip,
& Can. So. bdH.,&o.
228,455
228,071
227,513
225,370
000.000
cost...
1,6«3',677
2,135,(>25
1,849,441
2,231,025
1,222,030
514,971
*1,851,245
t 2,248,017
1,233,834
(i\viu'<l,
Bonds
owiu'il, cost ...
AtlvanccH
Bills
&
l,224,ltoa
l,'I(m,:H(i
533,0O.->
acc'ts rec'blo.
521,573
887,785
1,070,337
1,167,252
397,384
037,578
750,857
1,208,8.52
1,9.50,008
2,477,134
348,315
310,627
307,37!)
91,340,486
91,450,401
92,194,952
93,003,412
Materials, fuel, &o...
Cash uu Iiiuul
UucoUeeted eaniliigs.
Totulassct8
l,(i()3,!)77
2,li»5,0(i4
,50,0(«),000
37,'J7 1,0(10
1,01(1,(105
5il0„")83
Divlilends
(>45,000
Liabilities of i)rov.yr.
Prollt and loss
888,712
2,288,708
Total liabilities... 91,340,480
50,000,000
37,021,000
amounting to five and one-half per cent, an improvement of
one and one-half per cent over the previous year.
It is estimated that the accident in October last at Jackson
Junction, mentioned in the general manager's report, will cost
37,139.(10(1
l,.'')l(l,(i70
2, 005, :!:].">
2,504,873
415,150
3,245,132
3,078,501
91,450,401
92,104,952
93,003,442
540.510
the company for claims and repairs of property, say, $126,000
of which $60,000 has been paid, and is included in this report:
FISANCUL
:
,
;
Jamcst'u & Franklin RR., $495,300
t In 1879, bonds Jicld as follows
Cin. Wttb. & Mich. RR., $-137,000; L. S. & Tus. Val. RR., $-100,000; Ma
Coal RR., $208,025; White IMneou .k Kal. RR., $.52,200; Ilollldav Coal Co., $24,00O; Clev. Tiis. Valle.v & Wheel., $144,000; Pacillc
:
honliiiit
& L. S. RR., $130,180.
Kuarautccd 10 per cent.
J«ct revenue
Dlvldead«
Hotel, $200,712; (irand Rapids N.
is
year ending Dec.
10,000.
The company's property has been not only fully maintained,
bat in many respects materially improved, and its present condition is reported in every particular first class.
The income account is rendered in two items, viz. " To
December 31, 1878, $3,019,y47," and "From January 1st, 1879,
$97,453." This division was made in order to enable the
Freight (tous)
Total
$97,-153
construction account now stands at $28,447,937, having
been increased $10,000 since the la-st report by the final payment in purchase of fourteen and one-half acres of land at
West Bay City. The cost of all actual improvements made
during the year such as replacing iron with steel rails, olil
wooden bridges with iron, the erection of new buiWings, and
the addition of new cars to the equiiament was charged to
operating expenses.
The report of the sinking fund trustees shows that the securities held by them possess a market value of $2,000,000
The report of the land commissioner of the Jackson Lansing
& Saginaw Railroad Company gives the estimatecl value of the
assets belonging to the land grant as about $3,715,000, while
the amount of outstanding bonds for which the same is pledged
is about $3,740,000.
The sales for the last three years were as follows :
—
—
of .acres sold
1
Amomit of
1377.
7.080
$8 74
149,397
hind sales
-Amoimt of timber sales
Total land and timber sales.
"The
.
.
$119,397
1878,
187!).
12,415
14,888
$0 80
$11 40
169,789
122,411
7,002
$129,413
28,523
$198,312
number
of acres of land remaining unsold is 454,614, and
estimating the same at .?7 50 per acre, which is believed to be a
ininimum value, we have the following estimated assets ^,,^^^
:
moved
mileage
-Vvcrage rate per ton per ndle
Freiglit (tons)
Earnings—
Passenger
Freight
Mail, express,
&c
Total gross earnings
Operatiny Expenses—
.Mamteuanee of way <$:e
Maintenance of etiuipment..
Transportation expenses
Taxes
,
Miscellaneous*
Total
Netearuings
Per ct. of op. exp. to carn'gs.
Dividends
The
1878.
1879.
284
520
284
520
284
520
804
219
149
804
219
149
804
219
149
4,949
5,049
5,189
«
7
1878.
1,373,530
79,084,072
1879.
1,445,655
93,232,430
.
Passengers carried
Passenger niile.'ige
K:(tc iicr passenger per mile
& Biiy City guaranteed interest
Construction exijcnditures
$33,920
10,000
53,533
$00,959
AND FISCAL RESULTS.
OperaUoi\e—
Heteipts—
Net earnings
P.iid Detroit
&
exp. oars
Ol'EliATIONS
present administration to report definitely the disposition of
the balance or surplus, which could not be done with the old
account. The account, "To December 31st, 1878," shows a
decrease from the amount as stated in the last annual report,
which is occasioned by charging off a large amount of valuele.ss
stocks and bonds, the depreciation in value of others, and the
settlement of a long-pending suit with the Jackson Car & Manufacturing Company,
The account " From January 1st, 1879," shows a balance of
$97,453, which amount is composed as follows
Cash surplus
$840,487
740,528
1877.
Total operatCTl
Locomotives
Passenger, mail
Freight cars
All other cars
:
:
4perceut
$53,533
Miles owned
Miles leased and controlled..
:
Number
$1,084,134
1,030,001
S^opercent
.
Comparative statistics for three years past, prepared in the
usual form for the Chronicle, are as follows:
HOAD AND EQIIII'MENT.
31, 1879.)
The annual report ju8t issued states that the (capital stock
remains unchanged from the preceding year. The following
changes in the funded debt have occurred during the year
The trustees of the sinking fund have pnrcha-sea $16,000 in
first sinking fund and $4,000 in second sinking fund bonds,
making a total of $20,000, upon which interest payments have
cea.sed.
The mortgage trustees of the Northern Extension
bonds of the Jackson Lansing (Si Saginaw Railroad Company
have cailed in and paid (according to the provisions of the
mortgage, and the modified agreement with that company)
$99,000 of the bonds, thus reducing the liability of this company by that amount, and its annual interest payments $7,920,
The second mortgage bonds of the Grand River Valley Railroad Company, am(juuting to $500,000 (the payment of which
was guaranteed by this company in its lease of that road>,
bearing interest at eight per cent per annum, became due September 1st, 1879, and were paid. They were, however, replaced
by a thirty-year bond of this company, bearing interest at six
per cent per annum, secured by a mortgage on the property of
the Grand River Valley Company ; the reduction of interest
frcim eight to six per cent on these bonds secures to this comfany an additional decrease of its annual interest payment of
Average price per acre
,
Ca«h8urpliu
Michigan Central.
(Ft,r the
j
EE.8ULT8.
The results of the business for the year, in comparison with
those of the previous year, are shown in the following table
1879.
1878
.
Grojs revcnnc
$7,415,428
IK6,001,758
Operating e.xpensos.. $4,099,592
$4,307,238
Construction account.
10,000
134,162
interest and rental... 1,687,782
1,015,9,50
Guaranteed interest..
33,920
6,331,291
33,920
6,15i',27i
:
Of this stock, $533,500
17.IU
m
* lu 1879, stocks held iw follows Jamestown & Franklin RR., $320,000;
Lake Shore A- Mich. So. RR., I)!2(i7,9.-i7; Det. Mon. & Tol. RR., !iS414,110;
Union Stock Yurd. $100,000; Merchants' Desjiatc^h Trans. Co., $79,220;
Empire Line Tnin«. (H.. .fll,!)71 I'itts. it Lake Erie KK., $200,000
Grand Haven RR., .$0,000; I'licitlc Hotel, $125,000.
5
289,071
$3,716,301
The general manager's report, Riving the operations for the
year, shows this year a farther decline
rates, viz.: Freight—
per ton per mile from cent 0848 to cent 0'692i passengers per
passenger per mile from cents 2 41 tocents2'21. Notwithstanding this, the increa.se in volume of traffic (twenty-six per cent of
total freight tonnage and five ner cent of total paHSi?ng('r8
carried) has resulted, with the clo.se economy that has been
used, in an increa.se of net earnings suflicient to yield dividends
.50,000.000
;
<«, 100,00.%
Total
jU
$
$
Liabililieii—
.50,000,000
Stock;
B<ls(8eo8ul"fLEMKKT) 37,524,000
..
Cash
0S,8(i2,(iOO
Cli.
I
iiores of land at $7 ,50
Anioiiut due on land cuutructs
lu Uuud December 3l8t, 1870
454,614
YKAJt.
1878.
fiS,8l)(!,354
Stot'ks
491
1877.
1,400,847
79,805,4.54
2-30 i^ts.
2-41 ets.
2-21 ets.
2,780,040
548,053,707
0-848 ets.
3,513,819
721,019,413
0-092 ets.
292,01
1.918,009
4,046,248
307,237
2,002,205
4,980,988
297,541
6,501,435
0,872,094
7,340,794
2,937,570
446,708,939
0-982 eta.
$
1,881,581
4,387,839
$
$
$
$
778,948
627,024
854,554
648,718
904,013
023,730
2,357,.529
2,290,394
204,497
303,075
2,4.55,104
302,712
441,039
4,508,482
2,052,953
68-71
4,307,238
2,504,850
03-55
4,099,592
2,047,202
03-97
201,082
514,403
* Includes legal expenses, rentals, loss and damage of freight. Injuries
to pcrsous, car mileage, commissions, and several small items.
INCOME ACCOUNT.
1878.
Interest
and dividends
Total income
Z)is6«r«f»ien(«—
Rentals paid
Interest on debt
lijcago & Mich. Lake Shore (worthless) ...
iialanee, surplus
t
Total
1879.
$
".
110,004
2,04/,202
68,634
2,024,520
2,715,830
$
$
2,.504,85e
184,310
184,310
1,431,010
1,403,472
(4) 749,528 (5i-2)l,0;jO,001
97.840
161,202
97,453
2,024,520
2,715,836
OENER.VL BALANCE AT CLOSE OF EACU FISCAL VEAB.
Assets—
Railroad, buildings, o(iulpmcnt, Ac*
Stocks owned, cost
lionds owned, cost
Hills and accounts receivable
.Materials,
<-:ish
on
f iicl,
&o
Iniiivl.
Ivntil>mcnt
bond trustees
Det roit & Buy City RR
Uncollected earuiugs
Total
LiabiliUes—
Stock
Fiuided debt (sec SuprLE.MEST).
Miscellaneous
Protlt
and
loss
Total liobili ties.
33,009.901
12.733
072,019
58,940
220,002
187,531
545,246
289,272
85,908
33,579,901
\
004,765
58,940
237,580
136,381
545,240
323,192
J
35.142.-272
35,540,005
*
$
18,738.204
13,191,fK)0
1
18,738,204
13,691,000
20,900
3,192,108
3,110,801
35,142,272
35,546,005
fleat
by Graud River Valley RR. bonds, $500,000.
Atchison Topeka & Santa Fe.
{For the year ending December 31, 1879.)
The annual report jast issued states that since the last report
three branch lines in Kansas of 191 miles were built, and in
New Mexico 268 miles, adding 459 miles to the road operated.
Trains are now (Jlay 1, 1880) running into the city of Santa
Fe and to Albuquerque, on the Rio Grande.
THE CJHRONIOLR.
492
Lands
prog
-The following table will give an adequate idea of the
which the company haa made during the paHt six years
,
XXX.
[Vol.
due from United States to be patented on applica-
still
tion (estiruated)
458,457
:
re(«
Gross
MilPB operntcd
Year.
at close of yenr. EiuiiiiiRs.
874
$1,250,80.';
1,.'>20,358
1
1875!;.:.;;;..
1876
3877
508
7li
711
786
Miles operated
2,486,!>82
Year.
tJros,s
.
at close of year. Earnings.
*3.im5!,'§
6,381,442
1878
808
1,167
1879
1880(Mayl).. 1,317
Total luiiiiber of acres patented and to be patented (estimated) 2,932,784
Total uinubor of acres sold to December 31, 187i), less acreage
reverted &e
919,382
2,679,106
The first dividend on the capital stock was paid August 25,
hereafter.
4879, with every prospect of regular dividends
Several very important negotiatioas have been carried to sucsecures
cessful completion. By these negotiations the company
the
the control of the Puetlo & Arkansas Valley Railroad and
New Mexico & Southern Pacific Railroad. Another negotiation,
which required nearly six months to complete, secures to your
company an interest in the valuable franchise of the Atlantic
& Pacific Railroad Company, which gives your road a right of
way across Arizona and California to the Pacific Coast, lour
company, jointly with the St. Louis & San Francisco Railway
Company, will build a new road from Albuquerque along the
thirty -fifth parallel, which in due time will form part of a transcontinental line. The money for building six hundred miles of
this new road is being subscribed, and the work is now bemg
pushed with all possible energy.
CONSTKUCTION IN KANSAS.
E'insas City Emporia & Southern naiiroad.— This line was
commenced in April, 1879, and opened from Emporia to Eureka,
Greenwood County, 47 1-10 miles, June 30, and to the south
Up
line of Greenwood County, 63 7-10 mUes, October 10, 1879.
to Eureka this line was built wth narrow gauge, according to
SALES.
During tlic year 1879, 104,744 .acres of land liave been sold, at
an average price of ifl 72, amounting to
$494,353
Total expense of BcUing lauds in 1879. 84 cents per acre.
Casli received from sales iu tlie year 1879
$198,373
Cnsli received from deferred payments during 1 879
393,971
Total
on live sales, amount to
$2,462,854. Of this amount, $185,217 remain due and unpaid.
During the year 1879 dead sales to the amount of 20,523 acres,
$112,743, were canceled.
Statistics for four years, compiled in the usual form for the
Chronicle, are as follows. The rapid changes in the condition
of this road make a comparison of every item somew-hat difficult, but any striking differences are explained in the notes.
ROAD AKD EQUIPMENT.
Miles o'^niod
MUes
and
1878.
471
315
471
336
712
59
46
761
580
786
66
47
697
626
807
80
49
1,167
1,097
2,427
1,242
AND FISCAL
1879.
121
86
979
liESCLTS.
Ol>eralions—
1877.
1878.
165,318
217.105
22,008,549 31,921,869
3-357 ets.
3093 cts.
372.083
611,081
72,719,170 133,180,182
2-55 ets.
2-12 cts.
1879.
314,301
802,121
Earnings—
$
Freight
&c
Mail, c.\;prcs8,
—
Total gi-oss enm'gs
Opcratlnt/ Expenses-
Transpoit'u expenses
—
will be
Miscellaucous *
Total
Net earnings
P.
c.
*
CONSTETJCnON IN NEW MEXICO.
South Pacific Railroad.—In June, 1878, work
was begun at La Junta, Colorado, for an extension of the
Pueblo & Arkansas Valley Railroad to the boundary line
between that State and New Mexico. It was completed and
open for business to Trinidad, 80 5-10 miles, the 1st of September of that year ; and on the 7th of December following the
first car passed the line, 15 7-10 miles south of
Trinidad, over the
switch-back into New Mexico, as stated in the last report
At
this point, being 330 feet north of the north portal of
the tunnel through Raton Mountain, the New Mexico &
Southern
Pacifac Railroad commences.
It was completed to Otei o 12 7-10
miles from the State line, the 12th of January, 1879, and
to Las
Vegas, 118 2-10 miles, the 4th of July following.
The tunnel
through the summit of Raton Mountain, 2,011 feet in length,
was completed in September, 1879, and on the 7th of that month
trams commenced passing through it. From December
1878,
up to that date, a switch-back was used in crossing the7,mountain, which was removed after that time
The further construction of this, line has been
continued
without interruption ; and the line was opened
to Santa Fe, a
^''"". ^^^ ^'^ Mexico State line and
fi.fQ^'o
,^fl ff
'"'*!r".T
2-10 miles
853
from
the Missouri River, the 9th of February
of
' °-'?''° }° Albuquerque, 250 miles from the
i^Joio
SH^t J"itn»
State
line and
902 miles from the Missouri River, the
5th of
of this year.
LAND COmilSSIONEE's REPORT.
.
738,930
1,853,248
80,928
987,496
2,826.484
136,888
1,353,231
4,883,435
144,777
2,486,582
2,679,106
3,950,868
6,381,443
424,574
176,547
649,327
136,818
99.964
$
$
283,218
172,127
665,063
122,850
75,716
$
721,470
206.359
958,617
916..529
123,361
99,251
1,257,034
151,265
217,688
1,318,974
1,167,608
1,487,250
1,191.856
55-51
2,066,970
1,883,898
52-31
2,963,128
3.418,315
46-43
5304
of op.exp.to earn.
378,.524
This item includes : Loss and damage freight and stock surveys
aud equiimient car mileage; rental rolling stock; legal
and a few small items.
;
iicAv Iniildings
expenses
;
;
INCOME ACCOITNT.
1876.
licccipts—
$
Net earnings
Pottowafe land acet
Rentals and interestSundry cretUts
1,167,608
1877.
1878.
1,171,878
—
Interest on debt
$
1,883,898
44,691
3,418,315
139,322
130,739
60,034
1,191,856
1,928,589
3,748,410
$
295,404
669,035
f
$
$
279,921
833,653
401,267
790,513
55,662
16,668
14,326
120,783
25,734
17,733
14,124
20,691
45,799
4,083
30,199
22.108
631,620
830,772
795,446
691,311
72,812
1,311,579
1,171,878
1,191,850
1,928,589
3,748,410
Sundi-y debits
Gold premium
Exp'ses Boston
MisccUaneoue
oftice.
Balance, snrplus
Total
1879.
$
$
1,191,856
4,270
Total income
jyi/tbv rsem oi ts
40,490
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
«ept. 30, 1879.
New Mmco &
.
. .
715,700
1,688,107
82,775
$
of way. &c
Maint. of ((luii)meut
Mamt.
CONSTKDCTION IN COLORADO.
Work was continued on the Leadville extension of the Pueblo
& Arkansas Valley Railroad from the date of the last report
up to July 14, when its further progress was stopped by an
injunction from the Circuit Court of the United Spates. At the
time the injunction was issued, the grade to Leadville was
nearly completed, with twenty-two miles of track laid. Had
work on this extension not been stopped by order of the Court,
the road would have been completed aiid open to Leadville
Apnl
1877.
470
242
1876.
Passengers carried ..
133,727
Passenger mileage--. 17,031,491
Rate pr. pass. p. mile 4-202 ets.
Freiglit <tous) moved.
325,623
Freight (t'ns) mileage 61,791,130
2-73 cts.
Av.rate p. ton p. mile.
completed from Burlingame, Osage
County, to Manhattan, Riley County, 59 miles, by August 1.
it
31, 1879,
1876.
on RATIONS
DiirliTtgame Railroad. Work upon this
at the date of this report, being pushed as rapidly as
;
...
Coal aud all other cars
—
line is,
possible
contr'd
<fc
Total operated
—
&
leas'd
Pass., mail & exp.cirs
Freiglit cars
the contract for its construction ; but it has since been changed
to standard gauge.
Elk & Chautauqua Railroad. —This line is a continuation of
the foregoing. Work was commenced in October, 1879, and the
road was completed to Howard, Elk County, 12 2-10 miles from
the south line of Greenwood County, December 31.
Marion & MePher»oii Railroad. This line was commenced
May 1, 1879, at Florence, and opened to Hillsboro', Marion
County, 20 5-10 miles, August 25, and completed to McPherson,
47 3-10 miles, September 29. At this date, the extension of this
line to Lyons, Rice County, 30 miles, is being vigorously
pressed, and it will reach that point June 1 of the present year.
Cowky Sumner & Fort Smith liai'.road. Work on this line,
which is one extension of the Wichita & Southwestern Railroad,
was commenced at Wichita May 1, 1879, and it was open to
Mulvane, Sumner County, 15 6-10 miles south of Wichita, and
by a branch to AVellington, Sumner County, 31 9-10 miles
southwest from Wichita, the 15th of SPpteraber. It was continued to Winfield, Cowley County, 38 3-10 miles from Wichita,
and opened for business the 29th of September, and completed
to Arkansas City, Cowley County, 51 3-10 miles from Wichita,
the 31st of December. Construction of an extension of this
line from Wellington to Caldwell, 25 miles, is now going on, to
which point it will be opened September 1 of the present year j
and a line from Wellington to the west line of Sumner County,
(Wellington & Western Railroad) is progressing rapidly.
Manhattan Alma
$592,344
December
Bill receivable
1876.
Assets—
$
KR-, bldgs., eqHip.,&c 23,439,772
Stocks owned, cost.
-
Bonds owned,
1877.
1878,
$
$
23,447.811
50,449
23,854.000
110.162
1,845
850,200
84,865
31,439,083
Bills A: accts rec'vable
K. C. Top. tt ^\'. div'ds
So. Pac.
N. Mexico
20,627
50,606
75,112
Cash on hand
Wichita & South-west.
257,469
31,918
305,240
44,594
132,730
351,012
169,748
&
Treasurer's balance..
M isccUancons items .
Total
Liahilities
24,232,350
—
9
Stock, common
8,615,000
Scrip
01,210
Bds (seeSuri'i-EMENT) 14,925„500
accts
Bills &
i>ayable.
186,246
P. & Ark. V. stocky -.
Coups., gold prcm.,<fec
300,571
Trustees land grant..
Leased lines
Dividends
Income balauce
$
24,428,570 26,249,473
cost...
D.&R.G.sflc(ni trust)
Constrnction hind
Ti-ustces laud grant..
Trustees Potto, lands.
1879.
25,065,300
*2,226,639
t 610,081
850,200
243,344
95,462
53,829
485,000
284,401
36,835
515,708
215,237
578,339
178,708
424.838
69,223
33,357
1,274
534.655
73,642
495,'J44
$
8,015,000
234,682
14,841,000
300,911
$
$
8,615,000
30] ,332
14,601,250
287,629
850,200
296,899
363,279
74,574
302,464
12,634,400
2,940
14,214..500
333,760
850,200
299,095
537,555
106,765
379,173
113,823
134,512
769.128
2,080,695
Total liabilities... 24,232,350
24,428,570
26,249,473
31,439,083
* Stocks as follows
Kaus. City Top. & W., $1,794.300 Pueblo <fe Ark.
ViiUcy, .$420,489; Canyon City Coal, $10,850; Union Depot Co., $1,000.
B<mds as follows: First mortgage, $100,000; New Mexico & South
Pacillc. .$25,000 county bonds, iv-e., $379,737; United States Govern:
;
1
;
Patents have been received for
KevcrtfdioGoveriiuieLt..
Nut
•
os^i'^rhr
'^'^'o?.!;
300
ment bonds, $59.522
.2,474,326
land incomes, $45,822.
;
;
Top.
total
;
{The stock issued in 1879 was for the following: Account circular 46,
$145,200 account equipment fuud, $2,079,900 in exchange for K. C.
& West,
5 In trust.
stock, $1,794,300.
May
8,
THE (CHRONICLE.
1880.J
GENERAL INVESTMENT NEWS.
& Knoxville— Greenwood &
Gross enmlngs
Gazette.
Boston Hflosac Tunnel
& Western.— A
Boston exchange
lloosae Tunnel & Western Railroad, lately
completed between the western terminus of the Troy & Greenfield Railroad and the Hudson River, comprises two separate
corporations. One corporation, under which that part of the
road that lies within the State of Vermont was built, is known
as the Boston Hoosac Tunnel & Western Railway of Vermont,
while the portion in the State of New York bears the corporate
name of the Boston Hoosac Tunnel & Western Railway of New
York. The latter corporation leases the road from the former.
It is now proposed to consolidate these two corporations into
one, and at recent meetings of the directors of both roads the
terms for such consolidation were agreed to. A meeting of the
stockholders of the Vermont corporation will be held at Rutland, Vt the 25th of May, and of the stockholders of the New
York corporation at New York City on the 27th."
says
:
"The Boston
,
—
Chicago & Nortliwestern. The following is a comparative
statement of the earnings of the system of lines owned or operated bj' this company for the period from June 1, 1879, to April
21, 1880
1878-70.
$2,541,233
8,670,057
225,508
233,233
104,098
Passengers
Fieigllt
Express
Mall
Miscellaneous
Total
Proprietary roads
Grand
1879-80.
$'2,881,S19
10,355.531
239,777
22(1,201
78,687
$11,783,134
$12,785,080
,008,081
1,230,581
1
$15,015,662
Chicago & Western Indiana. The Chicago City Council
passed the ordinance giving the right of way to this company
into the city, but it was vetoed by the Mayor.
total
—
$12,791,216
—
C.
Dallas & Wicliita. This Texas road was sold May 4 to John
Brown, Frank S. Bond, Josiah G. Graves, and their asso-
the sum of $145,000. The 120 land certificates of
640 acres each were sold for $3,000 to J. L. Leonard. Governor
Brown paid to Captain Adams $125,000 in bonds of the road and
his check for $20,000. Governor Brown, after the sale, said
that after the confirmation of the sale in June work would be
commenced and the road extended to Denton, where it will
make connection with the trans-continental branch of the Texas
ciates, for
&
Pacific.
Delaware State Bonds.—The
State Treasurer gives notice to
bondholders that he will attend at the Philadelphia National
Bank on the three first secular days of July, 18S0, prepared to
redeem and pay off all the State bonds from Nos. 311 to 345,
both inclusive, of the denomination of $1,000 each, of the i.ssue
of the bonds of the State of Delaware under date of January 1,
1865, and that from and aftt^r the said first day of July, 1880,
the interest on said bonds will cease.
Denver & Rio (irande. The following is a statement of the
affairs of the Denver & Rio Grande Railway Company as given
in the Boston Advertiser: (Later bond statement in'lsvESTona'
Supplement.)
LciiKtli of coniplfted road
337 miles.
In coiuso ot const rnitiou
565 "
Capital stock, in sljarcs of $100 each
$11,2.50,000
—
Issued on account of completed road
8.500,000
Issned on account of road under construction
'2,750,000
First niortKSKC bonds, coveiinj; (bv a first lien) 291 miles,
from Denver to El Moro Alamoso
6,382,500
First niortjiaRC bonds, Arkansas Valley division, covering
(by a flr.st lieu) 43 miles of road between I'ueblo and Cauyon City
1,040,000
" TLis stock is in trustees' hands for benefit ot subscribers.
mortgage bonds are to be issued to an
$30,000,000, of which $7,422,500 are to
be kept against the out.standing first mortgage bonds above
noted, and the balance used for construction at an average
First consolidated
amount not exceeding
rate of $15,000 per mile.
These consolidated bonds are issued under a deed of trust
dated .Tanuary 1, 1880, to Louis H. Meyer and John A. Stewart,
trustees, both of the City of New York, to secure a total of not
exceeding $30,000,000. Principal payable thirty years a'fter
date in gold coin in New York, or in sterling in London at the
rate of £l to $5, interest 7 per cent gold, payable in New York
or London, January 1 and July 1. free of United States taxes.
Bonds are in the denomination of $1,000 and $5C0 respectively,
and have the benefit of sinking fund.
The company has no floating debt except current construction
accounts, and $109,200 in coupon certificates appertaining to the
bonds of the Arkansas Valley Division.
Earnings on the 337 miles 'of operated road for the six months
ending December 31, 1879
:
<r7.'55.l3a
£xpeu8CS
Aiignsta.— The stockLolders of the Augusta cSt KnoxviUe and the Greenwood &
Augusta railroads liave consolidated under the name of the
Augusta & KnoxviUe Railroad. Eugene F. Verdery Wiis electt^d
Pri'sident.
Ten directors were elected from Georgia and six
from South Carolina. Bonds will be issued to complete the
road. Under a contract made between the Louisville & Nashville, the Georgia Railroad and the Central Railroad, all the
business from the West to the Atlantic seaboard is to be pooled
and the proceeds equally divided.
BaHiiiioi'c & Potomac— This company has applied for legislation necessary to authorize a reorganization by foreclosure of
some of the mortgages on the road. The interest on the bonds
is not in default, the interest having been paid by the Pennsylvania and Northern Central companies as guarantors. Uailrvad
Augusta
493
358,712
Net
$390,721
The Denver & Rio Grande Railroad expectx to be ranning to
4, when its earnings are likely to b« douDled.
Dubn«|ne & Dakota Railroad.—This company's bonds hare
been placed on the New York Stock Exchange. The company
Leadville by July
was organized under the laws of Iowa, and is authorized to
issue $4,000,000 six per cent bonds. The road is operated in the
interest of the Uubuciue & Sioux City Railroad, which company
fuaranteea the principal and interest of the bonds issaed and to
e issued by the first-named company.
These bonds are issn^
at the rate of $10,000 per mile, and the present amount iosned
is $550,000.
Franilngham & Lowell.— Special notice is given that the
holders of the eight per cent coupon notes of this company are
requested to deposit their notes with the International Trust
Company, No. 45 Milk Street, Boston, who will give proper
receipt for the same, and hold the notes to be exchanged for
j)referred stock, issued in accordance with special authority
from the Legislature.
—
Grayville & Mattoou. A decree of foreclosure was entered
United States Circuit Court against this road April 28.
The road was incorporated by the Legislature in 1857, and has
issued bonds to the amount of $650,000, secured by mortgage
upon the road, which has been in the hands of a receiver for
two years. The receiver has constructed sixteen miles of road,
extending the line into Mattoon. There are now unpaid receiver's certificates to the amount of .$68,506, with $23,123
of Interest, besides a number of other claims. The court finds
$754,325 without interest due on the mortgage, and directs that
the road bo sold at auction in Springfield, after due notice, by
John A. Jones, Master in Chancery, for not le.ss than $300,000.
Lonisiana State Bonds.— The Governor has appointed the
assessors, and put in motion all the machinery for the collection
of taxes under the new constitution. The money nece.ssary to
pay the coupon due July 1, 1880, lias been arranged for with
the fiscal agent of the State, as the taxes for the ctirrent year
are mainly paid in the last quarter.
It is important that the holders of the present Louisiana
consols should understand that the coupon of Jan. 1, 1880, must
be presented with the bond, or the amount in money must be
paid, in order to obtain the new bond at 4 per cent at 75 cents
on the dollar, or have their present bonds stamped at the new
rate of interest, as provided for by the new constitution of
1879. It is also well for them to know that this January, 1880,
coupon of 3/2 per cent is contended for by suits instituted in
the United States Court and in the State Court in Louisiana on
the part of the bondholders, who are resisting the claim of the
Slate to this coupon under a clause of the new constitution rein the
mitting it to the State.
We are informed that there is now in the Treasury of the
State over $250,000 collected from the 5J2-mill tax of 1879
which is applicable to this coupon, and as the new constitution
was not adopted until 1st of January, 1880, it is maintained that
the interest tax collected from taxes due in 1879 properly belongs to the present landholders, who have enjoined these
funds accordingly by their proceedings in court.
In order to obtain a new bond in exchange for the present one,
or to have old bonds stamped for the new rate of interest
per cent for five years, 3 per cent for fifteen years and 4 per
cent from thence until paid this. January, 18^0, coupon, and
all rights and privileges to it, must be surrended to the State.
Arrangements for the exchange and for the stamping of bonds
are now being perfected, and will no doubt soon be officially an-
—
—
nounced.
Lonisville & Nashville. The following were admitted to
the New York Stock Exchange List
Trust certificates to the
amount of .$492,000, bearing 6 per cent interest, payable semiannually, issued in part payment for the St. Louis & Southeastern Railroad, October 1, 1879, by the Louisville & Nashville
Company, and secured by a further deposit of $-00,000 of first
mortgage 6 per cent bonds of the Evansville Henderson & Nashville Division.
The Louisville & Nashville Company reserves
the right to redeem all or any part in multiples of $49,200 at
any semi-annual interest date,' by giving thirty days' previous
—
:
notice.
Manhattan Beach Company.— The stock and
first
mortgage
bonds were admitted to the New York Stock Exchange list, and
the statement submitted had the following This company was
incorporated February 7, 1880, for the consolidation of the
:
^Manhattan Beach Improvement Company, the New York &
Manhattan Beach Railway Company and the Marine Railway
Company, corporations owning land and railways and other
property at Coney Island. The New York & Manliattan Beach
Compaiiy operates the New York Bay Ridge & Jamaica Railroad under a lease of ninety-nine years, and guarantees 7 per
cent interest on the bonds and stock of that road.
The liabilities are as follows
:
Capital stock
Seven per cent first mortgage bonds of the New York & Manhattan Beach Railway Coiiipauy, payable January 1, 1897.
Seven per cent scond mortgage convertible bonds of the
New York A- Mauluiltan lieaeh Riiilway Company
I'refened 7 per cent .stock of the New Y'oik & Manhattan
lieaeh Railway Company
Floating debt of tlie New York
& Manhattan
$5,000,000
500,000
300,000
200,000
Leaeb Railway
Company
25,000
Sc'ven per cent mortgage bonds of the Manhattan
Beaefi ImprciVonieut Company, limited, payable
March 1, 1 899. out.standing
$600,000
To be issued when needed for future improvements 400,000
$1,000,000
THE CHRONK^Lb:.
494
[Vol.
XXX.
The above named securities, with the exception of the New and the control of all the travel by rail to Rockaway Beach
Tork & Manhattan Beach Railway Company's first mortgage The road is of full standard gauge,' double track, and laid, for
bonds and the Manhattan Beacn Improvement Company's the most part, with steel rails of 56 pounds to the yard. The
bonds, are exchangeable and to be exchanged for the stock of company are providing equipment sufficient for the comfortable
and safe conveyance of upwards of 40,000 passengers each way
Manhattan Beach Company.
The officers of the company are as follows President, Austin daily. During the busy .season trains will be run at short inand Treasurer, G. S. tervals throughout the day and evening, at a charge of not over
Corbin; Vice-President, J. B. Upham
50 cents for the round trip. The new hotel at Rockaway is said
Moulton.
The capital stock aud first mortgage bonds were placed on to be the largest hotel in the world. It will be 1,130 feet long
and will face the ocean. The wings running back to the stiU
the regular list.
:
;
New Orleans City Debt.—The New Orleans Timef, April 30,
says editorially; " In his recent decision on the subject, Judge
Billings affirms that the article of the State Constitution of 1879,
which limits taxation in the city of New Orleans to 10 mills, is
contrary to the Constitution of the United States, and therefore void. The 7'mes has held this position from the beginning
The debts of the city and State— so far as
of the discussion.
they are valid at all are contracts entered into in the most
solemn manner, acknowledged h^ repeated acts of legislation,
»
and confirmed by repeated decisions of the courts." * »
"Can a convention go behind those contracts and annul them by
Or, if legally possible, is it right or
ex pott facto legislation ?
advisable to do so? The city (that is the property-owners and
business men of the city) has lost much more already thaa the
repudiators could have hoped to make; to destroy the credit
of the city means to take at least 60 per cent of the bankable
value of our debt out of circulation of course cutting away a
proportionate amount of the basis of credit on which to do
pusmesa.
The entire volume of the debt is now, to all intents
ajid purposes, dead capital to be locked up in bank boxes not
The decision of Judge Billings may
to be used as collateral.
People will learn in
have the effect of unlocking this capital.
the end that debts must be paid that, happily, there is an
authority which enforces this wholesome, though often disagreeable duty an authority which cannot be successfully re-
—
inlet, on the other side of the point, where the steamers
enter, will be 400 feet deep.
In front it will be 250 feet from
the beach, and in the rear 600 feet from the still water shore.
The calculation is that 6,000 persons can be seated at the same
time, and that the hotel, in its different departments, will be
able to afford accommodation to about 10,000. 'The grand park,,
which has been designed by Mr. F. L. Olmsted, of the Central
Park, is to surpass anything of the sort known on the seaside.
feature in the plans of the company is to provide for the
comparative privacy and comfort of bathers, and to afford
bathing facilities both in the surf and still water. Bathing
houses are to be located on both sides of the neck of land and
hotel.
On the seaside there are to be 3,000, and every one pro-
water
A
—
—
—
—
sisted."
—
A despatch from New Orleans, May 3, says "Judges Monroe and Rogers sat together to-day and rendered a decision in
the premium bond suits, in the case of Lucas E. Moore vs. this
city.
The injunction was made perpetual, prohibiting the city
authorities from levying and collecting a ten-mill tax. and in
the case of the Factors' and Traders' Insurance Co. vs. City, the
mandamus was made peremptory, compelling the collection of
a
:
fifteen-mill tax."
—
New York Central & Hudson River. The following is the
report of earnings for April and for the seven months of the
fiscal j''ear ended April 30:
April. 1880.
April, 1879.
Passengers
-.
Freiftbt
.$11 2,94.5
$l(i5,()(J2
1,.502,063
1,931,732
384,929
299,616
Miscellaneous
Total
Tot.lI seven months
Inci-ease for April
Increase seven mouths
•
$2,214,026
16,499,931
$2,782,324
19,091,640
567,698
2,594,71
New York Lake Erie & Western.—The following are the
earnings for March and for six months of the fiscal year
October 1 to April 1.
1879.
$1 ,356,779
Gross oaniings
Working e.xpenses.
Net
.
.
eivruings..
945,005
1880.
$1,644,958
902,026
$411,774
$742,931
Dec.
$288,178
42,978
Inc.
$331,150
Inc.
OCTOBER TO M.iBCU, INCLCSIVE.
1878-79.
$7,772,023
Gross earnings
Working expenses...
Xet earnings
New York
.5,458,497
$2,313,525
1879-80.
$8,821,334
5,762,315
Inc. $1,049,311
Inc.
303,818
$3,059,018
Inc.
$745,493
Pennsylvania & Ohio.— At Cleveland, Ohio,
May
the directors of this company (formerly Atlantic & Great
Western) signed the new leases of the Niles & New Lisbon,
Liberty & Vienna, and Vienna & Cleveland and Mahoning
branches. The rental is less than that previously given, ana
for the three roads named amounts to §3.57,000 per annum for
the first four and oue-half years, after which §412,000 will be
3,
paid.
New York Woodliareii & Rocka way.— Messrs. Fisk& Hatch,
5 Na.s.«au Street, are offering the first mortgage 30-year 7 per
cent bonds of this company at 106 and interest. The total
amount to be issued is only §1,000,000. This railroad runs
from New York to Rockawa^ Beach via Hunter's Point, by a
line between 15 and 16 miles in length, to be run in about 25
minutes; and also from Brooklyn via the Flatbush avenue route,
and from Williamsburg via the Bushwick route- thus bringinoRockaway Beach within as easy access from prominent point's
in ^ew York City and Brooklyn as is Coney Island. The
line of
the road is from the new hotel along the beach about
1%
miles thence across Jamaica Bay 4M miles, thence to Woodhaven
3 miles, and thence to a point on the Long Island Railroad.
near i<resh Pond, 3 miles; with a branch, from the point on
the
beach where the crossing of the bay commences, to Far Rockaway. 3>2 miles, making in all 15M miles of double track
railroad with between 2 and 3 miles of sidings.
contract with
the Long island Railroad Company secures to the New
York
Woodhaven & Rockaway Railroad (jompany, for the term of 50
Tears, the right to run in from near Fresh Pond to
Hunter's
A
f?'"jt''^,'"*'*'f'^^''''.',^'^Sradeand right of way of the Long
Island Railroad, an additional track being provided
for the purJ>oie; also the connections to Flatbush avenue and
Bushwick
vided with fresh water.
&
Ogdensbui^
Lake Champlain.— At the special meeting
of the stockholders of the Ogdensburg & Lake Champlain Railroad, held May 4, the directors were authorized, by a vote of
28,716 share.s. to issue bonds of the company to retire its preferred stock and outstanding bonds, and make improvements
to the company's property. No votes were cast in'opposition.
The amount of bonds authorized is §4,500,000.
The earnings of the road for the fiscal year ending March
31, 1880, are reported as follows: Gro-ss receipts §510,582 expenses |378,223,net income $132,358.
Included in the expenses are
12,500 tons of steel rails and sixty new freight cars.
—
Pennsylvania Railroad.—The directors of the Pennsylvania.
Railroad Company met on May 1 and adopted a resolution " that
the President and board of directors do hereby declare a semiannual dividend of three per cent upon the capital stock of the
company out of the profits, the same dividend to be payable,,
clear of State taxes, on and after May 28, 1880, to the shareholders as they stand registered on the books up to April 30,
1880, or to their legal representatives, and that, in order to give
the shareholders the benefit to be derived from the distribution
of the shares of capital stock recently purchased from the city
of Philadelphia, the opton is given to the stockholders to receivethe dividend hereby declared either in cash or in scrip convertible into the capital stuck of this company, at j^ar, when presented in sums of §50, provided that the same option shall be
exercised on or before October 1 next; otherwise the dividend
will be paid in cash."
Colonel Thomas A. Scott tendered his resignation of the presidency of the company on account of ill health. Colonel Scott's
resignation was adopted at a special meeting of the board of
directors held May 4. Mr. George B. Roberts was elected a
member of the br.ard of directors and President of the company, to take effect on June 1, upon the retirement of Colonel
A committee of five members of the board was apScott.
pointed to prepare a revised organization for the management
of the affairs of the company.
Philadelphia & Reading.— The Philadelphia Inquirer
reports that this company is steadily reducing its wages certificates, and that of the amount of §4,837,090 issued §4,655,100'
have been redeemed, leaving but $181,990 outstanding.
—
Sioux City & St. Paul. The stockholders have elected the
E. F. Drake, John L. Jlerriam, A. H.
following directors
Wilder, George A. Hamilton, J. W. Bishop, William Merriam,
:
Samuel Gordon, H. F. Drake and Alexander M. Drake. The
sale of all the company's property, excepting the land grant
made by the old board, was ratified, and the new board empowered to close up the transfer.
South Carolina' RR.— The United States Circuit Court has
granted orders directing the receiver to pay the interest due
January 1, 1880, on the Columbia branch matured bonds ; on
the matured and other bonds guaranteed by the State ; on the
matured and other bonds secured by the trust-deed of July 1,
Such of these
1868, and known as the first mortgage bonds.
coupons as are on sterling bonds may be paid in London. The
"
"
first
mortgage
domestic
bonds
will be paid
interest on the
on the 26th day of M,ay, 1880, at the National City Bank,.
52 Wall Street, New York.
The Court also authorized the receiver to buy 100 new freight
cars, and aproved the purchase of a number of cars to replace
old ones destroyed.
All order has also been granted directing the Special Master
in the case to receive proof of the claims of certain holders of
non-mortgage bonds, on condition that they contribute their
equitable share of the expenses of the parties defendant in the
»
abash St. Louis & Paciflc.—A press despatch from St.
Louis, Mo., May 5, says that the meeting of stockholders of
the Wabash St. Louis & Pacific Railway Company, to take
action regarding the acquisition of other roads and the con.solidation of its different interests, resulted in the ratification
of all the propositions. Thirty millions of the §40,000.000 of
the stock of the company was represented. All voted in favor
of the propositions. The several propositions to be voted on,
as given in the notice of the meeting, were jJublLshed in theChronicle of March 6, page 249.
M.\Y
8,
THE (CHRONICLE.
1880.]
COTTON.
%he ^oxnmtxciixl '^imcs,
COMMERCIAL EPITOME.
FRID.4Y NiOHT,
May
7,
1880.
There are no new features to general trade. The weather i.s
more spring-like, and apprehensions are no longer felt of
serious injury to the crops by frost. It was Tery cold on Friday
night last and snow fell near this city. The first boats from
the Erie Canal the present season reached this port yesterday
a comparatively early date, notwithstanding the break.
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given
—
Fork
Beef
tee.
and
Coffoe, other
Coffee, Java,
Snftar
41.tii)«
bbl8.
6,083
57,585
27,033
32.247
148,743
72,500
138,746
87,540
6,298
612.700
3,004
3.462
5,000
140,000
239.230
30,874
1,067
235
648,200
610
748
1,500
3,250
1 ,500
5,2.50
tea.
bales.
hhds.
bajts
bajts
&o
"fiu,car
,8u^ar
Melado
Mola.^ses, foreign
Molasses, domestic
ui.ats.
lilids.
boxcH.
bags, &c
hhds.
hhds.
bbls
Hides
Cotton
Kosin
No.
bales
bbls
bbls.
bbls.
Spirits tunicntine
Tar
Rice, E. I
Rice, domestic
Linseed
Saltpetre
Jute
bags.
bbls.
1880.
Apr. 1.
51,789
5,920
l)l)ls.
Lard
Tobacco, foreign
"Tobacco, domestic
Coffee, Rio
1.
and
tea.
bags.
bags.
bales.
2 4.000
3,000
33,176
23,000
1879.
May
3.4S5
1,373
6,000
113,400
2S2.947
43,229
1.
97,721
1,677
85,000
23.10K
68,9 72
30,731
33.333
122,237
71.300
123,851
39,786
Friday, P. M.. May 7. 1880.
TiiR MovEMKNT OF THB CROP, as indicatod by our telegraniB
from the South to-night, is given below. Fof the week ending
this evening (May 7), the total receipts have reached 25,6^
bales, against 30.858 bales last week, MO, 714 bales the previoos
week, and ii8,9lO bales three weeks since, making the tot«l
receipts since the 1st of September, 1879, 4,664,528 bales, agalnat
4,336,038 bales for the same period of 1878-9, showing an Increaas
since September 1, 1879, of 32'i,490 bales. The details of the
receipts for this week (as per telegraph) and for the conesponding
weeks of four previous years are as follows:
Receipt* this w'k at
:
1880.
May
495
1880.
New
Orleans
Mobile
Port Royal,
Indlanola,
30,694
2,314
4,959
3,700
4,100
41,093
10.000
6,390
35,500
37,916
4,.337
925
None.
22,0(M)
2,500
Jute butts
b.alcs.
18,128
Manila hemp
bales.
20.200
Provisions have been steadily declining during the past week
.apparently the market has but little foundation for a speculative action, and the legitimate demands are so small as to leave
the position without support. To-day pork was dull June
options for new mess sold at $10 80 ; July quoted $10 85®
$10 90 ; August, $10 95@$11 September, $10 P0@$11 10 bid
and asked. Laid showed a further decline ; prime Western
quoted on the .spot 7'20c. asked; refined for the Continent
quoted 7'52^@7'55c. ; prime Western for May sold at 7-20c.;
June, 7-22^c.; July, 7-27>^@7-30c.; August, 7-35c.; September,
7"40c., closing 7'35@7'37;S6e.
Bacon was wholly nominal at
6Mc. for long and short clear here and 6-20@6'25c. in the
West. Beef sold in a small way. Butter and cheese have been
daily declining under very dull markets.
Tallow is more
active at 6c. for prime.
Naval stores do not show any particular changes of note;
spirits turpentine closed at 31^@32c, and strained to good
strained rosins at $1 3.')@$1 40, with trade very small. Petroleum has remained nominal at 7^c. for refined in bbls., and
must continue so as long as 'the European prices are below
those quoted here. Crude certificates have latterly advanced,
and closed to-day at 76Mc. bid ; business large. Metals have
continued very dull, and the whole market appears demoralized,
particularly pig irons, American and foreign, which are quoted
-as follows: No. 1 American, .?27@$28; No. 2, $26(g)$27; forge,
$25; Eglinton, Scotch, $21@$22; Glengarnock, $22 50@|23;
<}artscherrie, $22.
The Western Iron Association agreed to reduce the card rate for bar iron to $2 50, to meet the prices
made by the stores in Cleveland and Chicago and the competition of imported iron Lake Superior ore men have agreed to
make reductions of $3 to $3 50 on the high-priced ore contracts,
which will help the blast-furnace men out it is supposed.
Kio coffee has been dull, and latterly the market has declined
to 14^c. for fair cargoes; mild grades have met with a moderate demand at unchanged prices. Rice has been dull at the
quotations of last week. Foreign molasses has declined; there
has been a fair business in boiling stock at 35c. for 50 degrees
test, and Porto Rico has been quoted at 33@48c. ; New Orleans
has sold slowly at unchanged prices. Raw sugar has been
quiet and more or le.ss depre.ssed, but closes firm at 7%@7'Mc.
for fair to good refining, with some signs of a revival of trade.
Refined is scarce for all kinds, and firm, with crushed at
dYso. and granulated at 9%c.
Fully 10,000 pkgs. green, black
and Japan teas have been sold at auction at a decline of several
1,252
2,268
2,395
2,131
5,641
2,236
578
>10
&o
33
79
1.
9,604
1,558
1,602
396
106
613
eo9
2,102
3,828
1,982
19
5,647
8
1,099
39
792
29
308
3,424
2,570
105
485
461
2,225
181
25,661
19,031
24,252
17,309
Norfolk
City Point, &o
Total since Sept.
138
1876.
8,470
1,102
2,599
401
2,571
North Carolina
Total this week...
1877.
7,337
1,619
1,189
2,301
&o
renneaaee,
17li.;t70
1878.
0,248
1,838
ifec
30.(!(!3
97.065
39.497
65,873
44,302
27.610
675,000
2,119
6,225
15,000
252,000
1879.
8,487
2,152
2,220
•
353
113
3,459
11
1,107
2,475
169
26,441
4,664,528 4,336,038 4,133,055 3,856,939 3,967,779
for the week ending this evening reach a total of
75,001 bales, of which 48,994 were to Great Britain, 5,878 to
France, and 20,129 to rest of the Continent, while the stocks as
made ud this evening are now 540,877 bales. Below are the
exports for the week and stocks to-night, and a comparison with
the corresponding period of last season.
The exports
;
May
;
;
9^@
cents.
The market has been quiet
Kentucky tobacco, the sales
for the week amounting to only 350 hhds., of which 250 were
for export. Prices are, however, about steady; lugs, 4@5^c.,
and leaf, 6@13c. There has been a pretty fair movement in
for
EXPORTED TO
Week
ending
Great
Britain.
7.
France,
201
Same
Week
1879.
3,753
21,346
7,850
3,695
4,701
3,6!)5
STOCK.
1880.
1879.
3,844
....
....
3,844
20,488 184,659 95,904
26,424
7,762
2,475 15,885', 6,913
3,758 11,897 10,069
8,165 23,281
7,476
854 225,873 172,680
13,858
9,431
2,890 37,000 25,000
48,994
5,878
20,129
75,001
38,030 540,877 335,295
N. Orl'ns
Mobile..
17,:»2
4,498
Oharl't'u
....
Savan'h.
....
Qalv't'n-
3,960
19,300
N. York.
Norfolk-
Other"..
3,352
1,041
....
4,701
5,001
1,284
7,980
28,564
....
....
rot. this
week..
rot.slnoe
Sept. 1.. 2136,002 332,857 764,435
3253,294 3186;686
*The exports this week under the head of "other ports" Include, from
timore, 1.253 bales to Liverpool; from Boston, S,179 bales to Liverpool
from i^bitudclphia, 413 bales to Liverpool.
'
i
I
BaN
:
and
I'rom 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 3f),371 bales, while the stocks to-night
are 205, -582 bales moi'e than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
We
the ports named.
add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
Lambert. 60 Beaver street
&
On
M.W
7,
AT-
Great
Shipboard, not cleared— for
France.
Other
Foreign
Coast-
8,222
None.
None.
None.
None.
None.
None.
4,734
3,200
2,200
None.
None.
4,671
Noue.
None.
None.
50
8,222
14,805
Bi-itain.
New Orleans
33,935
2,200
1.308
None.
7,264
17,600
Charleston
Savannah
Halveston
New York
Other ports
4,500J
67,007
Total
Total.
Stock.
46,891
5,400
3,758
500
7,376
*27,971
5,000
137,763
21,024
12,127
11,797
17,905
197,903
45,853
762
96.496
444,381
wise.
100
100
112
None.
Inclnded in this amount there are 5,700 bales at presses for foreign
ports, the destination of which we cannot learn.
*
The following is our usual table showing the movement of
cotton at all the ports from Sept. 1 to Apr. 30, the latest mail dates:
RECEIPTS SINCE
SEPT.
Ports.
1879.
1.
1878.
seed
leaf, the sales aggregating 1,051 cases, as follows: 650
cases 1878 crop, Pennsylvania, ll@25c.; 26 cases 1877 crop, do.,
private terms; 200 cases 1878 crop. New England, 13@25c.; 25
cases 1877 crop, do., 19c.; 100 ca.ses 1878 crop, Ohio, and .50
tobacco shows considerable activity, and sales are 750 bales
cases 1878 crop. State, private terms. The movement in Spanish
Havana, 85c. @$1 15, and 100 bales I'ara, II. cut, private terms.
Ocean freights have shown no real improvement of note the
market at times has been more steady, and this is the tone at
the close, with a fair business. Grain to Liverpool, by steam
and .sail, 432d. 60 lbs.; provisions, by steam, 30^1338.; grain to
London, by steam, 5}^d., 60 lbs.; do. to Hull, by steam, 6@
Ml- 60 lbs.; do. to Bristol, by steam. 6d., 60 lbs.; do. to Leith,
y st^a m, 6^d., 60 lbs.; do. to Cork for orders, 5s. per qr.; do.
o B ir deaux and Antwerp, 4s. lO^d.; do. to Lisbon, 13c. per
Uihjl ; refined petroleum to Bremen, 2s. 6d.
this
Week.
Total
Continent.
N.Orlns
Mobile.
CUar'u*
Sav'h..
Galv.*
N.York
Florida
;
N. Car.
Norf'k*
Other..
711 1130,420
355,829
509,735
714, 648 692,122
456, 166 543.666
185, 690 143,668
56,053
20, 055
102 074 133,226
683, 119 542,973
247, 374 189,313
1-1-20,
342, 946
466, 084
rUsyr. 4038.867
Liwt vear
* Under the
EXPORTED SINCE SEPT.
Great
Britain.
Other
_
France.
I
Foreign
1
TO—
™...«i
Total.
Stook.
747,014 237,259,227,240,1211,543 196,504
92,008 34.797
6,791 13,455
71,762
150,723 19,422 154,810; 324,960 13,115
185,152 18,950 215,713 419,815 16.245
199,124 21,785 48,663 269,572 29,709
316,112 20,116 44,815 351,043 250,296
23,863
214,591
193,632
1,177
1,479
10,447
5.840
23,323
35,48
221,910
221.95.:
2,713
15,078
35,500
2107,008 326.979 744.306 3178,293 598,957
4317.007 1845.475 394.272 908.309 3148.056 368.499
tie;i'l of Charunton Is Included Port Hoyal, &c.\ under the head of
9alve»ton is Incluled Indiaaola, *c.i under the head of Aor/otk is Included City
Point, «c.
THE CHRONICLE,
496
speculation in futures has, for the past week, been much
The tone was unsettled, aid
less active than for some months.
yet the fluctuations in prices not nearly so wide as when the
The
business was larger. Saturday was variable, opening dearer, but
closing at a considerable decline for the next crop, owing to the
termination, of the cold, wet weather which had prevailed at
the South. Monday declined a few points. Tuesday opened
buoyantly, but there was a sharp decline at the close. Wednesday was quite variable, but finally advanced in sympathy with
the strong accounts from Liverpool. Yesterday there was a de-
—
cidedly better opening, the foreign advices being agaia higher,
with indications of some speculative manipulation for the rise.
CotTo-day there was some decline and a dull market.
ton on the spot was quieter during the first half of the week.
Quotations were advsnced l-16c. on Saturday and reduced l-16c.
on Monday and Wednesday. The decline on Wednesday was
attended by a great increase in business for export as well as for
home consumption. Yesterday the decline of Wednesday was
recovered, and the business for export again active. To-day
midthere wus a good export demand, and prices were steady
;
U
1310c. Of the stocks at the ports, aboat twoYork.
forward delivery for the week are 393,300
bales, including
free on board.
For immediate delivery the
total sales foot up this week 15,358 bales, including 12,703 for
ia
export, 2,,5)0 for consumption,
for speculation, and
transit. Of the above,
bales were to arrive. The following
tables show the otBcial quotations and sales for each day of tiie
past week:
dling uplanis,
Xew
fifths are now at
The total sales for
"
NEW ORLEANS.
Mou Tues Sat. Mou Xnes
Sat.
Ordln'y.ipib
Strict Ord..
Good Ord..
I
9"iB 9i3ie
10»16 lOSjo
101318 1013i6
lUlB III16
llTiB
10%
We
Ills
915 16
101 IS
lOlOis
ll'ie
119,6
10
UH
123]
12%
9i»ie
lOTia
IOI610
113l6
119l6
11% 1134
111»16 lli^ia
125,6 125,6
129i6 129i6
131,6 131,6
1311,6 I31I1,
IOI3
11
III4
ll^s
ll'SlG
Btr. O'd Ord
Low Midd'K 1112
mie
Btr.L'wJIid lH'is U»8
HidtUtng... 11%
lH3l6 ll"l6 12
Good Mid
1214
.
G'd Mid I213
Hldd'g Fair 13
13=8
Fair
12=8
127,8 12Tl
121518 121516 131s
139
13»16 13%
Btr.
Wed
Tb. Fri.
Aired
I
Ordin'y.^lb 9%
BtrictOrd. IOI4
Good Ord.. 10%
Btr. G'd Ord 11
I/)wMidd'g 1138
Btr.L'wMid'119,6
Middling... 11%
Good Mid.. 1218
Btr.G'dMidil238
Midd'g Fair 12^8
eWr
913,6 0I3i6 9^8
105,6 105i8 10%
1013,6 1013,6 10^8
IU18 llha 1118
Il'ie 117,6 111-2
ll^j 11=8
1111,6
111316 1113,6 1178
123,6 123l6 I2I4
12716 127l6 121a
1215l6 1210ie 13
139i6 139,6 13=9
'I313
STAINED.
sg lb,
Good Ordinary
Low Middling
Middling
10
1158
111316
11%
12
1115l6
125i6
129i8
131,6
I3II16
1238
12=8
13I8
11%
11%
111516
125i6
129,6
131,8
1311,8
IIJV 1178
125i6
129i6
131,0
131116
97,6
9% 9%
100,6 IOI4
IO14
101*18 1078 '1078
11% 115,8 115i6
I
Bat.. Steady at I16 adv. 2,612
290
Mon. Qiiict at I18 dec. 100
220
Tues. Weak....
100
206
Wed. Steady at iifldeo. 3,624 1,250
Thurs Steailyatiiaadv. 3,567
257
Frl. Steiuly
2,700
267
'
Total
*
2,5.iO
11%
1115,8
125,3
129,6
131,6
1311,8
,
i
1,300
11-68
11-88
200
100 8.n.6!h. 11-89
11-ra
Ots.
..n-H2
..11-83
..11-84
.11-85
2.500..
..11 -HI
800
100
..ll-8i
..11-88
2,500
5,800
..U-89
SOOs.n.SUi. 11-70
100
ii-;o
1.TO0
.11-71
8,100
ll-7i
8,5f,0
80O
U-3S
1.000
.11-90
.11-91
.11-92
1,800
200
2.0
11-74
11-7S
..U-93
2,500
900.
.1178
600
800
II-SO
1,800
n-l
100
100
11-88
11-iO
107,6
1010,6
113,6
119,6
1134
1115,6
126i6
129i6
I3I16
I3II16
Frl.
9%
IOI4
1078
PUTURBS.
Deliv-
SaJes.
eries.
600
900
400
400
900
600
1.5.253 393,300
3,800
4,874
3,824
2,967
e.Dco
1,000
4.100
6,800
•i^OO
For Ju
1,400
5.100
7.200
ajHM}
•.BOO......
•,S0(>
?ooo;
ll.»0O
...11-70
...11-71
...11-72
.
1,500.
5.200
10,100
B.IUO
.n-;s
...lr;4
l,5i(
...11-7^
S.MOO
8.100
7,500
...1178
...n-77
...11-W
...H-7»
,
...ll-»0
...U-81
..11-1.4
.11-05
,.
Ct'.
Bales.
..11-93
1,900
..11-9.5
100
200
..11-97
3,700.
..U-98
2,600
2.400
5,9J0
2,100
..11.-99
..1-2-00
132,100
700
300
..1202
day pre-
.1203
2,>iOO
l,-^00
1,400
I
l.WO
11-83
11-84
..11-85
. .11-88
-.11-87
..li-c*
.
.
..l;-8S)
.
1*2-10
.
...1-2-11
...12 12
1.000
1,100
1,000
2,900
.
3,100
900
900
600
900
100,-200
fl
ugi St.
.H-S8
.ll-CiO
..i;-fli
8,7(10
..11-92
8,200. ,,..,. .11-93
4,500... t.... .11-94
800
I,0il0
2,'200
..12-01
12-02
..11-90
2.500
..U-91
..1203
3,-iOO
..11-92
..11-93
..ll-dJ
2,800
2.300
..1-204
..12-05
.
12-08
..12-07
..
..
.11-87
200
4CC
500
500
lO-na
10-95
11-02
11-03
May
•18pd. to exch. 1,400
The following
for June.
Fnr December.
iw
1079
1
I
400
800
700
2,100
I
June for AUK.
vrlll
Cts.
10-86
7,000
10-80
10-81
1.000
10-82
10-85
100
For January.
|
the
10-91
week
show the range
and the closing bid and asked
the past week.
of prices paid for futures,
at 3 o'clock, P. M., ou each day in
Futures
Saturday.
inondajr.
'Tuesday.
Market.
Variable.
Lower.
Vari.ablc.
For Day.
For Day.
Closing.
BiOh. Low. Bid. Ask
11-86-11-76 11-77
June... 11-95-11-85 11-87 88
July... 1205-11-95 11-97
August. 12-12-1202 1201 05
Sept'br. 11-80-11-68 11-68 69
October 11-28-11-16 11-15 18
Nov'bei- 11-04-11 -00 10-92 94
Dec'ber 11-03-10-9 10-91 93
Tr. Old.
11-80
Closed
Quiet, steady.
May
:
-37 pd. to oxch. 100 Sept. for
Auk.
-08 pd. to exch. 500 May for June.
Low.
BUI. Aak
11-71
11-79
11-89
12-01-11-95 11-96 97
11-65-11-60 11-01 62
UXgh.
— 11-75-11-71
11-80-11-78
— 11-95-11-87
. .
For Day.
Closin.e
—
Closlnjf.
Hiah. Low.
Bid.
Aak
11-65 67
— 11-74-11-70
11-37-11-73 11-73 —
11-97-11 83 11-83 —
12-00-11-90 11-9192
11-63-11-53 11-53 54
1111-11-07 U-10 11 II-I8-II-0: 11-05 07
10-87-1084 10-85 87 10-95-10-82 10-30 82
10-8510-84 85
-10-82 10-79 81
—
—
11 -70
Quiet, steady.
.
11-70
Barel,y steady,
Futures
W^eduesday.
Tbursday.
Friday.
Market.
Irrcgiiliir.
Firmer.
Lower.
For Day.
For Day.
Closing.
Low. Bid. Ant
11-69-11 65 11-66 611-78-11-70 11-73
11-8611-79 11-82 83
11-94-11-88 11-92
11-56-11-50 11-52 53
11-08-1106 11 08 10
10-84-10-80 10-82 84
10-8210-79 10-82 84
mah. Low.
Eiah.
.
.
Dec'ber
Jan'ry
11-76 11-71
— 11-8111-77
11-91 11-86
— 11-98
11-94
11-58- 11-55
11-13 11-11
10-87- 10-85
10-87- 10-85
11-70
Steady.
Tr. ord.
Closed
Short notices for
500
200
400
700
600
.U-81
Bid.
Am
11-72
11-79
11-89
11-96
11-57
11-13
10-80
10-85
74
80
90
97
For Day.
Closing.
Low.
11-74- 11-70
11-81- 11-74
11-89- 11-84
11-96 11-92
Bid.
Ant
11-71 73
11-75 76
11-85 86
11-93 94
58 11-54- 11-50 11-51
14 lllO- 1107 11-08 09
83 10-85- 10-84 10-81 82
87 10-82- 10-80 10-81 82
10-91-
11-75
Steady.
—
11-75
Quiet, stead}'.
May: Wednesday, H-69ail-70
The Visible Supply of Cotton,
as made up by cable and
telegraph, is as follows.
The Continental stocks are the figures
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (May 7), we add the item of
exports from the United States, Including in it the exports of
Friday only.
1879.
1880.
187S.
1877
Stock at Liverpool
bales 719,000
599,000
896,000 1,143,000
Stock at London
35,800
45,750
10,250
41,250
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at
Stock at
Stock at
Stock at
Amstei-dam
Rotterdam
.
, ..
Antwerp
other oonti'ntal ports
Total European stocks.. ..
India cotton afloat for Europe.
Amer'n cotton afloat for Eur'pe
Egypt,Brazil,&c.,aflt for E'r'pe
Stock in United States ports
Stock in U. 8. interior ports, .
United Stf tes exports to-day..
Total visible supply
754,800
81,500
2,350
36,500
3.000
36.200
20,500
2,110
820
8,730
644.750
158,500
3.250
44,250
3,000
25,750
41,750
4,750
1,750
8,7.50
906,250
239,500
5,750
40.000
7.500
43.000
48,000
12.500
7,500
24,750
^Z710
291,750
428,500
946,510
324.000
388,000
37,000
540,877
103,616
20,000
1
,187,250
218,750
4,250
63,000
15,500
69,500
66 250
12,250
6,750
14.500
475,750
936,500 1,334,750 1.663,000
321,000
253.000
200,000
327.000
383.000 419,000
1^,000
21.000
31.000
515.965
335,295
380,987
45.222
53.705
41,339
5,000
12,000
4,000
2,360,003 1,971,017 2,451,076 2.920.670
totals of American
and other descriptions are as
follows:
AmericanLiverpool stocTi:
Con tin eutal stocks
American afloat for Europe
United States stock
United States interior stocks..
United States exports to-day..
501,000
145,000
388,000
540,877
103,616
20.000
485,000
251 000
383,000
335,295
45,222
5,000
678,000
377,000
419,000
386,987
41,339
12,000
-
716,000
399,000
327,000
515,965
58,705
4,000
...11-70
...11-71
....11-72
.11-76
Total American
East Indian, Brazil,
1,698,403 1,504.517 1,944,326 2,020,670
<£<;.—
Liverpool stock
London stock
Continental stocks
India atloat for Europe
Egypt, BrazU, &c., afloat
218,000
35.800
46,710
324,000
37,000
114.000
45.750
40,750
253,000
13,000
206,000
21,000
427,000
41.250
76.750
321.000
31,000
661,510
406.500
.506.750
900,000
218,000
10,250
51,5(10
..
.
....11-L'J
For October.
200
Closing.
11-80
....11-82
...11 83
....11-84
....11-B5
....11-88
KOI
100 ..
19,500"
11-54
....11-58
...11-67
...11-58
1,500
1,300
.U-95
.
..
300
800
900
..11-98
..11-97
..11-98
..11-99
.12-00
11-50
....11-51
....11-62
....11-53
1,100
2,300
12,100
lJ,60O
13,400
7,700
2,900
!,200.
Bales.
100
1,200
600
400
The following exchanges have been made during
;08 pa. to exch. 100
Of the above, the
1,400.....
1204
..12-05
11,900
8,200
..
For September.
1,8'I0
..ir-9
y.
..11-79
..11-80
.11-81
..11-82
Cts.
....1208
....
..12-01
4,500
For
Cts.
10-88
10-87
10-95
11-00
500. ... ...11-04
9,400
1,400
1
10-80
10-81
10-82
lo-na
10-84
10-85
Total continental ports
500
800
100
99,400
5,50'i
9»l0
.
Bales.
3,200
8.800
000
10,700
3,000
For November.
.
n«S
Bales.
1,200
2,800
4.300
S.400
Ct3.
..
.... ..
Bales.
2 10
17,900
I
11-21
Nov
:
For May.
Bales.
300
.
1,200
11-22
13" la
1
For forward delivery ths sales have reached during the week
393,300 bales (all middling or on the basis of middling), aid the
following is a statement of the sales and prices
.
cts.
11-24
11-87
.11-23
300
200
100
July...
August.
Sept .
October
9%
IOI4
1013i, 1078
III4
115,6
12,703.
The daily deliveries given above are actually delivered tHe
Tious to that ou which thev are reported.
300.
Sales.
100.
11^°1R
125,6"
12»10
131,6
Til.
95,6
103,6
320
366
....
800
600
11-14
11-18
11-18
.
69,300
51,500
79,200
93,800
54,000
42,500
.
n-13
HO
...
Frl.
107,8
101=16
113,6
119,6
13
13=8
2,902
:::;
200
June
SALES.
.
2.300
1.300
3.000
2,500
1,100
11-07
11-OS
11-09
11-10
11-11
11-12
May
9I616 ~915,6
1214
1212
SALES OP SPOT AND TRANSIT.
Ex- Con- Spec- Tranport. sump. urt'n sit. Total.
CLiOBED.
HOO
11%
Tta.
Mod Tues Wed
MARKET AND
SPOT MARKET
giSie 91»16
101,6 107i6
IOI616! 1015,6
113,6 113,6
119l8 119.,8
IOI2
11
III4
915i6 915i6 978
107j8 107,8 10%
101^1, IOI016 1078
113i6 113,6 Ills
119i6 119i6 lllfl
Sat.
Gk>od Ordinary
Bbrlot
non.ITnea
Sat.
13%
FrI. "Wed
Xli.
Cts.
11-01
3,6(X1
TEXAS.
UPL.\ND3.
May 1 to
May 7.
Bales.
XXX.
[Vol.
...11-05
Total E.ast India.
Total American
&o
Total visible supply
r;ce Mid. UpL, Liverpool
1,698,493 1,501,517 1.914.326 2,020.670
2,360,003 1,971.017 2,451,076 2,920.670
67ed.
078
1.
578d.
b''3A.
THE CHRONICLE.
18S0.J
The above fifyures indicate an ineretue in the cotton in sight tonight of ii88,980 bales as compared with the same date of 1879,
a (learease of 1(1,073 bales as compared with tlie corresponding
date of 1878, and a d«cr«(M« of 500,007 balesas compared with 1877.
In the preceding visible supply tat)le we liave heretofore only
included the interior stocks at the 7 original interior towns
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the following comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stoclis instead of only the
shall continue this double statement for a
old 7 towns.
time but finally shall simply substitute the 19 towns for the 7
towns in the preceding table.
We
1880.
1879.
501,000
145,000
388,000
540.877
180,058
20,000
485.000
251,000
383,000
335,295
71,546
5,000
Americanbales
Liverpool stock
Coutliipnt.il stocks
American iifloat to Europe....
United autfs stock
UultodStiiteslQterlor stocks..
United States e-xports to-day..
716,000
399,000
327,000
51.^905
97,690
4,000
3'JG,987
65,770
12,000
1,781,535 1,530,811 1,968,757 2,059io61
Total American
East Indian, Brasit, <tc.—
Liverpool stock
Loiidonstock
Continental stocks
India iitloat for Europe
E^ypt, Brazil, &c., afloat
Total East India,
Total American
1977
1878.
67S,000
377,000
449,000
&0
218,000
35,800
46.710
324,000
37,000
114,000
45,750
40,750
253,000
13,000
218,000
10,250
51,500
203,000
21,000
427,000
44.250
76,750
321,000
31,000
661,510
466,500
506,750
900,000
1,781,535 1,530,841 1,968,757 2,059,601
2,443,045 1,997,341 2,4"5,507 2,959,661
Total visible supply
These figures indicate an increase in the cotton in sight tonight
of 44.'),704 bales as compared with the same date of 1879. a
decrease of .32,462 bales as compared with the corresponding date
of 1878, and a decrease of 518.610 bales as compared with 1877.
—
At the Interior Ports the movement that Is the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1879— is set out in detail in the following
497
The above statement shows
1.
That the
total receipts
from the plantations since Sept.
1 in
1879-80 were 4,848,350 bales; in 1878-79 were 4,401,932 bales; io
1877-78 were 4,187,343 bales.
2. That although the receipts at the oat ports the past week
were 35,136 bales, the actual movement from plantations
only 7,6l>0 bales, the balance being drawn from stocks at the
Last year the receipts from the plantations for the
interior ports.
same week were 11,015 bales, and for 1878 they were 14,472 bales.
wm
Wej^ther Reports by Teleorapu.—The
general been more favorable for cotton.
most
sections, but not in excess.
very eatisfactory
in the other
;
past
week bia in
Kain has fallen in
In Texas the condition
Gulf
States,
now
is
lower Mississippi
Valley and in a portion)|of the Atlantic States, the reports are
Cold weather and a backward condition of
generally favorable.
the crop are the complaints elsewhere.
Galveston,
Texas.— It has rained during the week on three days,
We
the rainfall reaching one Inch and ninety-five hundredths.
have had delightful showers this week, and the indications are
that they extended over a wide surface. Crops promising every-
where. The thermometer has averaged 71, ranging from SO to 80.
have had showers on five days, the
Indianola, Texas.
Average
rainfall aggregating one inch and eight hundredths.
have secured
thermometer 70, highest 83 and lowest 58.
a good stand of cotton and, crops accounts are more favorable.
Corsicana, Texas. There have been showers on three days the
past week, the rainfall reaching ninety-one hundredths of an
The thejmometer has ranged from 51 to 90, averaging 68.
inch.
— We
We
—
Planters in this vicinity have given increased
land to cotton this year.
It has rained at this point on three days
Dallas, Texas.
Prospects good.
—
statement:
Week ending May
Week ending May
7, '80.
9,'79.
was hardly enough, and we are needing more,
Crops doing well. Average thejmometer 68,
highest 90 and^lowest 51. The rainfall for the week is thirtyfive hundreths of an inch.
Brenham, Texas. We have had delightful showers on three
days the past week, which apparently extended over a wide
area, the rainfall at this point reaching three hundredths of an
inch.
We have secured a good stand of cotton. Prospects as
good as could be expected. Farmers are much embarrassed by
the present scarcity of corn. The thermometer has averaged 70,
the highest being 83 and the lowest 55.
New Orleans, Louisiana. There has been rain at this point on
one day the past week, the rainfall reaching twenty-one hundredths of an inch. The thermometer has averaged 71. During the month of April the rainfall reached six inches and
(showers), but there
though not badly.
Receipts SlUpm'ts
Augusta, Oa
Columbus, Ga...
Macon, Ga
Montgomery, Ala
Selma, Ala
Mcmpliis, Tenn..
Nashville, Tenn
13,137 103,616
9,414
2,065
Total, old ports.
2,885
74
60
405
377
5
335
364
194
60
1,348
1,391
5,779
390
60
57
2,254
17
30
Eufaula, Ala
Griffin,
732
990
1,783
Dallas, Texas. ...
Jefterson, Tex."..
Blireveport, La
Vicksburg, Miss.
Qoluml>us, Miss..
.
214
195
38
439
143
450
504
219
.
Ga
Receipts Stiipm'ts Stock.
Stock.
12,811
7,842
1,887
5,506
1,996
63,813
9,761
444
138
42
172
87
962
401
340
2,901
1,055
2,150
171
3,907
336
29,640
2,507
3,350
6,790
45,222
120
93
714
399
125
264
60
412
1,195
1,683
747
602
237
994
177
_i_
200
891
442
29
160
1
13
937
2
47
103
238
190
94
6,S72
2,856
9,309
3,617
1,111
49,896
7,258
5,042
12,286
7,927
"50
7
115
65
162
Atlanta, Ga
Borne, Ga
Charlotte, N. C.
Bt. Louis, Mo
Cincinnati, O....
1,483
2,247
Total, new p'rts
Total, aU....
4,663
3,494
84
2,289
23i)
630
705
1,421
2,091
2,826
3,980
12,409
6,126
eighty-eight hundredths.
83,042
5,552
9,528
26,324
fair
25.423 186,658
S,90:^
16,318
71,546
The above totals show that the old interior stocks have decreased dariag the week 10,252 bales, and are to-night •'58,.i94 bales
more than at the same period last year. The receipts at the same
towns have been 465 bales less than the same week last year.
—
Rbckipts prom the Plantations. The following tabl^ is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another, at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
In reply to frequent inquiries we will add
like the following.
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations, of that part of the crop
which finally reaches the market through the outports.
RECEIPTS FROM PLANTATIONS.
Weelt
1878.
19
26
Apr. a
"
9
"
18
"
23
"
SO
•'
M»T
7
1879.
1880.
1878.
1879.
1880.
1878.
1879.
1880.
109.736 131.388 115,307 228.683 182,246 327.0W 103,318 183.809
91349 110,017 102,995 210,935 170.438 316,972 78,599 08.839
96,416
92,8S3
78.451 192,465 165,619 308,279
61.36S 169,636 169,418 289,096
78.447
72.889
42.396
50,549
39,099
84,977
64,758
61.0S3
40,««2
38.492
40.496
30,593
8-),118
24.971
90,
47 83,886
88,864
78,490
73,723 60,802
65.470 60,698
69,886 54,23.S
51,391 44.851
39.010 40,187
as.856 38.183
31,100 22.283
84.202 19.031
49,611 146.653 141,012 281,047
53.419 131,795 131,483 206,'.20
47,303 U9.9rfl 110.879 259.283
37.323 108,633 107,003 252,493
38,910
38,714
3a,sui
25.120
03.970
89.112
75,550
65,770
91,966 238,558
87,201 220,930
78,062 201.154
71,516
1,86,65.-.
78,477
59,435
68.740
50,618
48,08'i
40,033
80,362
32,019
17,004
14,472
31,511
19,0<>4
13,951
14.070
11.81S
7,630
—
The weather daring the week has been
and pheasant, and roads are in good condition. The thermometer has averaged 71, the highest being 88 and the lowest
54.
The rainfall for the week is two hundredths of an inch.
Vicksburg, Mississippi. — It has rained during the past week on
Shreteport, Louisiana.
one day.
Columlms, Mississippi.— Hainhts fallen on two days the past
week, the rainfall reaching six hundredths of an inch; but at
the close there is a favorable change in the weather. The thermometer has ranged from 64 to 73, averaging 68. Weeds are
growing so fast that they are becoming very troublesome; but if
the weather remains clear
we
will be able to rid the fields of
them.
Little
Bock, Arkansas.— Teltgram not received.
have had rain during the past
Nashville, Tennessee.
—We
week
on two days, with a rainfall of twenty-seven hundredths of an
inch. The thermometer has averaged 63, the highest being 85
and the lowest 40. We have had a killing frost this week, but
no serious damage has been done. The crop in this section is
fully
Receipts at the Ports. Stock at Inter'r Ports Reo'pts from Plant'ns
enaing—
Fob. 80
"
87
Mar. 5
" 18
—
150
190
This year's figures estimated.
'
—
two weeks
late.
Memphis, Tennessee.— There has been no rainfall at this point
during the week. The thermometer has averaged 66, the highest being 88 and the lowest 45. Planting is about completed in
We have secured a good stand of cotton as
this neighborhood.
far as up,
had
and
first
working largely commenced. Last week we
rainfall reaching one inch and nineAverage thermometer 65, highest 86 and the
rain on five days, the
teen hundredths.
lowest 59.
Mobile,
Alabama.— It has been showery two
days, the rain-
reaching nineteen hundredths of an inch; but the rest ef
the week hab been pleasant. Crop accounts are more favorable.
have secured a good stand of cotton, and good progress IV
fall
We
THE CHUONICLE.
498
Wmg
in clearing the
made
fields
of weeds.
The movement each month
Planters in this
The theryear.
section are giving increased land to cotton this
to 84.
mometer has averaged 69 during the veeek, ranging from 53
have had showers on three davs
Alabama.—
We
Montgomery,
hundredths of
the past week, the rainfall reaching thirty-four
highest being
the
averaged
67,
has
thermometer
The
inch.
sn
April is six
86 and the lowest 49. The rainfall for the month of
inches and forty-two hundredths.
week on one
lielma, Alabama.— U has rained during the past
closes
day. The weather has been too cold, but as the week
change.
favorable
been
a
there has
Maduon, Florida.— li&ia has fallen during the past week on
two days. Average thermometer 72, highest 93 and the lowest
We have had fine showers during the week, apparently ex52.
tending over a wide surface. Planting is about completed in
1879.
Sept'mb'r
October.
333,643
888,492
942,272
956,464
647,140
447,918
264,913
158,025
Novemb'r
Decemb'r
January
.
February.
March
AprU....
.
since Sept. 1 has been as follows:
Year Beginning September
Monthly
Receipts.
.
XXX.
[Vol.
1878.
1877.
288,848
689,264
779,237
893,664
618,727
566,824
303,955
167,459
1.
1876.
98,491
578,533
822,493
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
900,119
689,610
472,054
340,525
197,965
1374.
1875.
134,376
536,96»
676,295
759,036
444,052
383,324
251,433
133,598
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
XotAp.30 4,638,867 4,307,978 4,099,790 3,831,736 3,921,275 3,319,082
Porc'tage of tot. port
receipts April 30..
94-34
96-86
94-96
93-56
i
94-91
This statement shows that up to April 30 the receipts at the
more than in 1878-79 and
By adding
539,077 bales more than at the same time in 1877-78.
ports this year were 330,889 bales
this neighborhood.
Macon, Georgia.— U has rained on two days, but the rest of
week has been pleasant. The thermometer has ranged to the totals to April 30 the daily receipts since that time,
we shall be able to reach an exact comparison of the movefrom 82 to 53, averaging 67.
two
on
ment
for the different years.
week
the
during
fallen
HB.m
has
Georgia.—
Columbu*,
days, to a depth of one inch and twenty-three hundredths. The
1879-80. 1878-79. 1877-78. 1876-77. 1875-76. 1874-75.
thermometer has averaged 67, the highest being 83 and the
the
lowest 58.
Savannah, Georgia.— We have had rain on three days, the
rainfall reaching ninety-eight hundredths of an inch; but the
balance of the week has been pleasant. Average thermometer,
and lowest 56.
Augusta, Georgia.— We have had light rains on three days,
the rainfall reaching twenty-eight hundredths of an inch, but
during the balance of the week the weather has been pleasant.
Accounts favorable and crop developing promisingly. Average
During the
thermometer 66, highest 87 and lowest 50.
month of April the rainfall reached five inches and seventy-two
68, highest 83
Charleston,
South Carolina.
—
It
has rained during tee past
week on one day, the rainfall reaching forty-four hundredths of
an inch. The thermometer has averaged 67, the highest being
79 and the lowest
Feet. Inch.
1
7
Below high-water mark .
Above low-water mark.
Above low- water mark..
Above low-water mark..
Above low-water mark..
Orleans
Memphis
Nastiville
Bhreveport
VlcksbuTK
of
AprU
when
This statement shows that the receipts since Sept. 1 up Xcr
now 333,533 bales more than they were to the sameday of the month in 1879, and 533,467 bales more than they
were to the same day of the month in 1873. We add to tbe lasttable the percentages of total port receipts
which
is
12
8
5
18
o
40
7
27
11
—
war, &c., enable us, in connection with our previously-received
to furnish our readers with a full and
•omplete India movement for each week. We first give theBombay statement for the weelc and year, bringing the figures'
down
to
May
Shipments this weok
Year Great Continent.
Brit'n.
have consequently added to our other standing
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
each port each day of the week ending to-night.
New
of
Or-
we'k leans.
Bat.
Wed
Thuc
663
Tnes
Char- Savan- Galnah. vest'u.
leston.
TO FRIDAY, MAY
Norfolk.
WU-
7, '80.
AU
mlug- others.
Total.
ton.
This
Total.
Frl.
1,069
Tot.
8,48:
37
2t)l
706
221
2,268
746
306
170
215
715
414
470
196
176
158
135
326
2,152
2,220
1,252
618
435
249
385
93
431
432
331
163
319
819
963
588
947
1,226
1,547
1,083
566
703
3,391
4,642
4,633
4,696
4,017
4,282
3,424
5,836
25,601
11
Week.
487,000
319,000
478.000
537,000
55,000
51.000
29.000
15,000
Since
Jan. 1.
680,000493,000OOl.OOO747,000-
Shipments since January
Shipments this week.
Year.
Great
Britain.
Continout.
Total.
12.000
8,000
6.000
5,000
18,000
13,000
7,o66
7,6o6
1880
1879
1878
1877
Continent.
136,000
78,000
15,000
59,000
I
1.
Total.
42,000
54,000
34,000
31,000
178.000
132.000
49.000
90,000
week show that the movement from
other than Bombay is 5,000 bales more than same week
The above
the ports
Great
Britain.
totals for this
last year.
For the whole of India, therefore, the total
shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two previous years, are
of
as follows.
EXPORTS TO EUROPE FROM ALL
1,093
2,314
1,871
1,477
Hon
Mobile.
1, '80,
lotal. Britain,
Receipts.
.Tati. \.
Coutinent.
According to the foregoing, Bombay appears to show an increase^
compared with last year in the week's receipts of 4,030 bales and
an increase in shipments of 47,000 bales, and the shipments finceJanuary 1 show an increase of 16^,000 bales. The movement at
Calcutta, Madras, Tuticorin, Carwar, &c. for the same week ami
years has been as follows.
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOOS AND KURRAOHEE.
—
We
Great
1880 36,000 33,000 89,000 225.000 262,000
1879 11 ,000 3l,000!42,000 125.000 194.000
1878 12,000 8.000|20.000 206.000 272,000
1877 23,000 40,000|69,000 259,000 278,000
Comparative Port Receipts and Daily Crop Movement.
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
D'ys
Shijiments since
|
6-lOths of a foot above
above low-water mark at that point.
PORT RECEIPTS PROM SATURDAY, MAY
6.
UO.MBAY receipts AND SHIPMENTS FOR POUR YEARS.
of 1871 until
Gnairr Bias, Baooino, Etc.— Bagging is in fair jobbing demand, and parcels are moving as wanted. The inquiry for
round lots has not shown any increase, and no transactions are
reported. Prices have not changed, and dealers continue to
quote 10?^c. for 1% lbs., lie. for 2 lbs. and llMc. for 2i| lbs ;
but a round parcel could be had a shade less. Butts are as last
noted ; there is not much inquiry, but the market is very
strong, with dealers not disposed to accept anything below full
prices.
Standard qualities are quoted at 3%c. and ordinary
grades at 3^c.
month.
which had been
named.
7 in each of the years
report from Bombay,
5
y
mark
May
India Cotton Movement from all Ports. The figure*
which are now collected for us, and forwardel by cable eacl*
Friday, of the shipments from Calcutta, Midraa, Tuticorin. Car-
the zero of gauge was changed to high-water
15 and 16, 1874,
1871, or 16 feet
Feet lucU.
28
11
14
Orleans reported below high-water
Sept. 9, 1874,
mark
.
received to
53.
The following statement we have also received by telegraph,
showing the height of the rivers at the paints named at 3 o'clock
May 6, 1880, and May 8, 1879.
M.'iy 6, '80.
May 8. '79.
New
Total
4,664,528 4.330,978 4,125,061 3,853,822 3,945,382 3,342,45*
Percentage of total
97-40
94-92
95-44
94-14
93-58
p'rt rec'pts May 7
to-night are
hundredths.
Kew
Tot.Ap.30 4,638,867 4,307,978 4,099,790 3,834,786 3,921,275 3,319.082
4,145
2,575
2.013
3.097
2,501
1...
3,391
" 2....
8.
6.454
2,707
3,561
3,551
B.
" 3....
1,675
7,347
4,642
2,455
7,161
4,906
" 4....
S.
2,032
4,512
5,874
4,633
3,098
" 5....
4,854
8.
2,117
4,696
2,032
4,761
" 6....
3,936
4,017
5,164
S.
2,594
4,694
" 7....
2,726
2.948
4,282
4,062
5,213
8.
May
Shipments
Europe
to all
from—
Bombay
AU Other p'rts
Total
week.
Since
Jan. 1.
89,000
18,000
487,000
178,000
107.000
1878.
1879.
1880.
This
INDIA.
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
42,000
13,000
319,000
132,000
20,000
478.00O
49,000
noo
"50.000
.=i"7
This
ii^
nnni
4 51
noo
1
Mat
8,
THK
1880.J
()HRONJ(^LE.
stutument affords a very interesting comparison of the
for the week ending May (i, and for the three
years up to date, at all India ports.
ALKXANDnt.\ KKCEiiTa AND SHIPMENTS. Throujfh arrangements we have made with Messrs. Darvies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments the past week and for the correvaponding weeks of the previous two years.
This
total
last
movement
—
Kiirypt,
1880.
MayO.
Boceipts (cantars*)—
Thlg week....
Since Sept.
1,500
3,200,500
1
1,000
2,552,000
7,000
1,571,000
Since
This
week. Sept. 1.
This
Since
week. Sept. 1.
750 283.200
To Llverjwol
To Contlueut
Total Europe
A oautar Ix 98
631 109,835
2,000 1.59,000
1,000 74,500
2,000 228.000
3,000 179,000
1,381 453.035
3,000 233,.50O
5,000 407,000
lbs.
This statement shows that the receipts for the week ending
May 6 were 1,.500 cantars and the shipments to all Europe
bales.
MANcnESTER MARKET.
—Our report received from
Manchester
May 7 states that, although prices are lower than last week, the
market for twists and shirtings shows an improving tendency.
We give the prices of to-day below, and leave previous weeks'
jprices for comparison.
1879-80.
1878-79.
Cott'u
328 Cop.
SH 11)8.
Twist.
Shirtings.
d.
d.
5 1138 a>12
12 lUiail^
19 11 aiUia
26111 all's
April 2 11 ©111"
'
"
91 ....®
s.
(I.
^ar.
Mid.
d.
7
23 1038S>10-8 7
30 101ft a 1034 6
6
Twist.
d.
d.
d.
8.
-as
9
i^wa
®8
3
3
4'«a8
3
738
738
714
738
4i<j®8
3
7 '4
738»8l8
758»8l4
7''8ay%
8143838
714
83839
9
6
l>s®8
as O
10'aa710ia
8I4 lbs.
Shirtings.
32a Cop.
Uplds
..
i6io>2aii
i^e-aish 5
8ia®9i8
6ili« 8=83914
613i8 S^s^gia
«''8
9 3)958
7
May7i9^®l0ia 9 3)7 9
The Exports of Cotton from New York
d.
8.
mi3>7 414
®7
5
5
5
d.
3
-37
3
4««
4i3®7 6
5 6 -87
5 6 '37
5 7i-ja7
5 71337
5 9 ®7
5 101437
6
71a
n
9
10iii
lOH
Cott'n
Upldf,
d.
56,8
538
Exported to-
6ie
«3«
638
61a
6-'i
Same
Apr.
Apr.
Apr.
May
14.
21.
28.
5.
Other British ports
Total to period
date. previ'us
year.
1,263; 4,490
Havre
12,759
4,811'
473
1,284
21,400
11,860
100
473
1,284
21,400
11,900
2,703
1,616
27,738
17,482
4,109
13,708
2,202
2,833
7,780
49,389
18,745
Other Freuch ports.
Bremen and Hanover
302
300
199
1,723
Otber ports
Total to North. Europe
801
2,323
Hamburg
600 3.431
Spain. Op'rto, Gibralt'r,&c
AU other
200
3,406
Total
200
3,406
Spain,
&o
.
Grand Totat
New
York.
Boston.
I
This
Since
This
Since
week. Sept. 1. week. Sept. 1
Foreign
1,183,159,598
97,756
25 176,081
'.'.'.'.'.']
.
800
18^36
489
811
1,400
485
6,390
1,810
2,508
47
.
1,974
680
4,218
1,309
1,10s
2.623
1,843
1,486
1,105
Total
The
77,612
particulars of tbe^e shipments, arranged' in oar usual
form, are as follows:
Hull.
Liverpool.
New
York. .14.810
N. Orleans. .18..536
Charleston
.
Savannah
Texas
Wilmington
6,539
47
.
4,218
Baltimore... 2,623
Boston
1,486
1,165
Philadelphia
Total.... 49,244
Cork
Norkopping
Havre Bremen and Barce- Genoa
and Gothen- loua A and
and
Rouen. H'burg. burg. Mal'ga. Trloste.Total.
1,284 6,L34 1,646
200 28,564
489
811 1,945 21,781
1,810 2,508
10,677
1,974
680
2,701
1,359
5,577
1,195
1,195
1,843
4,406
1,486
1,165
4c.
4,490
7,495
4,281
3,620 1,491
9,336
2,145
Below we give all news received to date of disasters
carrying cotton from United States ports, etc.:
77,612
to vessels
Irene Morris, steamer (Br.)— Steamer Etna, (Dutch) and Nept'in, salvage .-steamer, rendered assistance to the Irene Morris. (Br.) from
Charleston. 8. C, without special agreement; latter claims £2.000;
former proportionate amount. The a.gent has been advised to
resist the claim au<l have s.ilvagc fixed in court.
Mobile, steamer (Bi".), for Liveriiool, before reported as having ifrounded
at Mobile, got of! April 10 and went to sea on the 17th.
North Carolina, bark.— Bark Nancy Holt. (Br.) Flont (orTriat). sailed
from Bermuda, April 19, for Liverpool, with a cargo of cotton
saved from the bark North Carolina, (Br.) from Baltimore for
Liverpool, before reported wrecked at Bermuda.
Reform, bark (Nor.)— Up to April 25, 874 bales had been recovered
from tlie bark Reform, (Nor.) wrecked near Galveston, to which
may be added 5 or 6 that were picked up lloating in the bay by
Tbis is probably all of the cargo tliat will be recovit is supposed that the rough weather hiis completely
broken up the wreck and so covered the cotton remaining in her
with sand as to make It worthless.
Cotton freights the past week have, been as fol owe:
at
New
100
Philadelphia.!
Havre, steam
Do
York,
Baltimore.
This
Since This
Since
week. Sept.l. week. Sept. 1.
23,545
2,909
36,675
5,279
2.575
62 15,000
5,656
89 104,944
256, 40,273
782,197,964
6,059
2,008 188,298
3.784
296(
1,290
31
65
ered, as
5,010
2,258
59,810
19
10,890
10,221
74,037
. .
S.Car'llna
N.Car'liua
Virginia
Korth. pts
Tenn., ic.
3.431
1,646
.
Liverpool, steam rf.
14,513 14.671 21.308 28,.564 409.607 240,326
The Foixowino are the Receipts op Cotton
.
3,703
.535
bark Vittorla, 200
[Hjr
5,610
Boston, Philadelphia and Baltimore for the past week, and sicce
SeptembT 1. 1879:
Florida
Werder.
passing boats.
Total French.
Mobile
(fen.
I.lvcriiool, |ier steamers Mississippi, Sfin".'.,
Astnriano. 2,500
Kspanol. 2,005
EmlUauo. 3,643
persliliw Prince Kii(b)lpli, 4.920
Martha Cobb, 1,498
To Koneii. per barks Piissat, 350
Orion, 139
To Malaga, per bark Will. W. Case, 811
To Genoa, per bark I,ouisiana. 1.400
To Trieste, per biirk .Mary C. Hale, 486
Charleston— To LiverpiHil, per barks Lady Duff rin, 3.600 Upland and 40 Sea Island
Isabel Craggs. 2,703 tlpluud and
10 Sea Island
To Cork, for orders, per bark Fjelstedt, 1 ,8 10 Upland
....
To Havre, per bark Home, 2,50.8 Upland
Savannah -To Liverpool, per bark Gmona, 47 Upland
To Norkopiug. per bark Solon, 1.974 Upland
To Karcefona. per bark Folo, 50 Upland
per brig Moo'
Juicli,630 Upland
?
Texas— To Liverpool, i)er barks Kalema, 3,000
Chatham,
1.218
To Bremen, per bark Soridderen, 1,359
Wilmington— To Cork, for orders, per brig Express, 1,195
Baltimore— To Liverpool, per steamers GrHeia, 400
DonatI,
Peruvian, 401 and 29 bags Sea Island
450
C'allfomlan, 1,283
To Bremen, per steamer Strasburg, 1.843
Boston-To LiveriMwl, per steamers Bulgarian, 1,053
Pembroke, 48. ...Malta, 385
Philadelphia— To Liverpool, per steamer Lord Oough, 1,165...
5I6„
Total to Ore at Britain 13,712;14,198 18,977 19,300 335,412 213,011
Texas
Savannah
Neekar, 388
New Ohlkans-To
513,0
13,71214,198 17,714 14.810 322.653 208,199
Iiiveri>ool
N. Orrans
—
59,
week adow an
this
Week ending-
from—
1. 1.56.
Mid.
increase, as compared with last week, the total reaching 28,564
bales, against 21,308 bales last week.
Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direccion since Sept. 1, 1879, and in the last column the total
for the same period of the previous year.
Exports of Cotton (bales) froji New Tork since Sept. 1, 1879.
Keceljits
more, 279
To
To Genoa,
Exports (bales)—
"
"
"
Britannic,
Hrrilcr, 510
Alli'mauula, 1,2S0
Suevla, 1.287
per bark (.'onfliientia, 384
Ootbonburg, per bark Hebe, 1,046
1878.
1879.
This
Since
week. Sept. 1.
"
Total balei.
LiveriKml. iier ateameni England, 1,660....
...Hccfa, 2,532. ...State of Nevada, 2,000
...City of Paris, 1,480.... Adriatic, 445....Alserlii, 624
....lM,-r«liip D. H. Morrill, 4.904
14^10
To Hull, per steamer Sorn-n to. 1.1.54
I.IM
To Newcaslie, per steamer Hallsbiiry, 740
749
To Cork, for orders, iier barks Geo. Walker, 1,560
HUdar.
1.027
2,587
Te Havre, per steamers Amerique, 739
Knuice,.^4d
1,284
To Bremen, per steamei-s Rhien, 6<)0
Ohio, 901. .Balti-
New York—To
To Hamburg. iMirHeaniers
Alexandria,
were 1,381
499
Do
sall...rf.
H*"«4 Hang,
l23V
ia®-v
e.
iaa»i6
.c.
laaV
c.
laSSie
l339ig
la358'
l2®0,g
d.
ia®V
la-sV
eall...(!.
laSSis
ia®9i8
Bail
Hamburg, steam
Do
Mon.
143«32
e.
sail
Bremen, steam,
Do
Satnr.
143.832
Amst'd'm, steam.c.
Do
=8
Wednes. Thnrs.
Tues.
1449,2 '323>4 '32® "4
431764 7323 14 730314
la*
133 «8'
iaa9,e
Hi
H
H&Os' iaa9,6« 23918*
l239i9 Tis^is 'l63l4
laSV ia3»,8« »2»9,g.
lS®9,9 'is® Is '18 3 19
=8
V
»8
»8
»9
Fri.
'32® *
732® *
a*
•a
»a3»,e
7l9®'«
•b®»,«*
''i«®'a
H
Bail... c. Siena's
»1«
»16
»1»
9l6a»8 9i83»8
38
Baltic, steam.... rf. s^ai^as 3831332 3331332
3a
Do sail
c.|%2a5ig %23^16 932®5jg 932®Big •32301S »3S«»1«
* Compressed.
%
—
LiVKBPOOL. By cable from Liverpool, we have the folio tr lug
statement of the week's sales, stocks, &c. at that port:
,
2,287 51,851
2,877 131.545
878:138,190
469
.59,378
15,000
278
462
April 16.
Sales of the
week
Forwarded
American
Of which exporters tiMik
Of which spcculatoi-a took..
Total stock— Estimated
Of which American— Estim'd
Total import of the week
Of which American
Sales
This year.
5.239 980,407
6,142389.096
531 82,297
2,555 170,420
Last year.
9,279 821,4961 7.231^311,330
1.256 80.3:i8
1.712 155.582
Shipping News.— TLe exports of cotton from the UlUho
States the past week, as per latest mail returns, have reached
77,613 bales.
So far as the Southern ports are concorn-d. th»se
are the sime exports reported by telrgraph, and published in
the Chronicle Lisl Friday.
With regard to New YorR, we
Include the manifests of all vessels cleared up to Wednesday
nij^ht of this ireek.
bales.
Actual export
Amount adoat
or whifh Aniericnn
44,500
23.000
35,500
6.200
1,320
659,000
468.000
6:<,000
48,000
5,300
331.000
209.000
April 23.
39.000
17,000
30,000
4.900
1,290
702,000
499,000
98.000
75,000
7,200
319.000
182.1MM1
April 30.
42,000
24,000
32,000
3,800
1,510
714.000
512,000
77,000
May
7.
34.500
15,500
29,000
5.(<00
0.100
1,680
719,000
501,000
50,000
27,000
0,300
322.000
179.000
370,000
188.000
65,i>00
The tone of th Liverpool market for spots and futures each day of tha
week ending May 7, and the dally cXostiug prices ol spot cotton, hava
^
b°cn as follows:
THE (mUONlCLE.
600
Friday.
TUursd'y
Saturday Monday. Tuesday.! wednea.
Eye has been
Spot.
Mod.
Market
u
Steady.
Dull.
freely
12:30 r.
BuppUod.
Mid. Upl'ds
6 '8
Orru8.
Mid.
678
615i8
613i6
613i8
613l«
li'B
Cl»i6
Sr.M.
5,000
Bpec& exp.
1,.500
5,000
1,000
7,000
1,000
Very
Dull.
7,000
1,000
10,000
1.000
Steady.
Steady.
9,000
1,000
The following are
Futuret.
Market,
5 p.m.
Firm.
The actual
below
Barley
State.
steady.
g^^^^^.
Beliver)/.
May-Juue
MOSDAT.
Delivery.
May-June.63i»233.^ a> %
6%s'-532
June July
.
Deliveiy.
May
62^32
6II32
62»33
Aug.-Sept
D'''32
May- June
Nov.-Deo
TCESD.VT.
May-June
June-July
July-Ang
Sept.-Oct
Oct.-Nov...
May
6^
.
Aug.-Sept
6'Il83'332
62032
May
May -June
6J3,8
e'^ia
June-July
Aug.-Sept
*>2»32
Scpt.-Oct
62i32
Oct.-Nov
6iij8
6%
Nor.-Dec
June-July
63i
62532*% July-Aug
62S32 Aug.-Sept
May
62332
ejiig
6''i6
634
62332
638
Wednesday.
May
May
6II16
62332
62332
May-June
June-July
July-Aug
6%
Aug.-Sept
62032
e^'ia
Sept.-Oct
Delivery.
634
Scpt.-Oct
June-July.. ..623333%
ii\
July-Aug
62332
64i
6%
June-July
July-Aug
62332
6i3i8
Aug.-Sept
Aug.-Sept
6'-»a2
Sept.-Oct
62332
62032
_ „^
May -June
62o3oai3ij
June-July .62o32ai3ij
" ""
6i3i8
July-Aug
62732
Aug.-Sept
65i
6%
.
6%
June-July
July-Aug
Aug.-Sept
62uu2
6i3ig
8ept.-0ct
6%
May
62032
Sept.-Oct
May
May-Juue
Friday.
6t3j8
Qi^ie
<i^he
May-June
62032
6i3jg
,
I
Aug.-Sept
Sept.-Oct
May
June-July
July-Aug... 613i5®2-32
62732
638
July-Aug
Nov.-Dec
Aug.-Sept
fi's
July-Aug
6i3i6
6l3i8
Aug.-Sept
6273_,
Sept.-Oct
May
7,
1880.
branches of the dry goods trade
Operations on the part of package buy-
during the past week.
were governed by actual requirements, and the demand by
The feature of the week was
retailers was comparatively light.
a hreah in the print market, which led to a moderately-increased
business in calicoes, but had a depressing effect upon the gen-
though other values were nominally unchanged.
It is pretty generally conceded by the most reliable authorities
that stocks in the hands of distributors are uncomfortably
large, but there is yet ample time to get them into manageable
shape before the season
closes,
6i3j|,
on this score, though
Delivery.
Delivery.
Delivery.
May
Delivery.
Delivery.
Delivery,
May
all
eral market,
TlICRSDAT.
May-June
Friday, P. M.,
Dulness has prevailed in
ers
Delivery.
Delivery.
May
OBAUI.
bbl.
THE DRY &OODS TRADE.
Delixery.
Delivery.
Delivery.
closing quotations:
—
,
Oct.-Nov
July-Aug ..62332®'3i8
Gi3i8
Aug. -Sept
t>'''32
62332 831
Sept.-Oct
Delivery.
62332®%
Sept.-Oct
61332
62»33
Sept.-Oct
Oct.-Nov
67i9
6%
May
6i3i8
6i3i8
Juno-July
July -Aug
AuK.-Sept
6S;8
62»32
626^2
62»32
May
July -Aug.. .6l3l9®2632
AuK.-Sept. . .6*lsa®"l«
d.
Delivery.
(I.
6%
tiH&-\i 8ept.-Oct
May
May-June.6%aa33a * % Nov.-Dec
O^a^Sjj
May
Jmie-July
prime
$2 7.ia 3 85 WheatNo. 3 spring, 9 bu.$l 12 all4
4 50® 4 80
Winter superfluc
1 22 -3124
No. 2 spring
4 20'» 4 60
Spring siipertiue
60ai
yo
Amber winter ... 1 24 ®129
4
Spring wheat e.xtras.. 4
Red winter, No. 2 1 29 ®1 30
do XX and XXX... 5 00a> 6 50
120 ®125
White
Winter shipp'g extras. 4 903 5 25
124 ®1 24I2
No. 1 white
do XXandXXX... 535® 675
Corn—
mixed
50 ® 52
West,
6 25® 8 00
Patents
51^2® 51%
West'n No. 2, new
Western ''rye mi.x"... 5 60® 5 85
54 ® 56
yellow,
new
West,
City shipping extras. 4 75® 6 00
52 ® 54
West, white, new
Southern, balcers' and
® 92
90
5 75® 6 75 Rye
family brands
42 ® 45
South'u shlp'g extras. 5 25® 5 65 Oats Mixed
® 50
44
White
Kyo flour, supertlue.. 4 60® 4 90
80 ®1 00
Barley— Canada W.
Corn meal
®
80
70
State, 4-rowed..2 50® 2 85
Western, &0
62 ® 70
State, 2-rowed...
3 10® 3 13
Brandy wiuo, &c
95
83
®
Peas—Cau'da.b.&f.
*
No. 2
Uvorpopl for the same jy,^S'',,f™ gj^"
MlddUug clause,
are on the basis of Uplands, Low
d.
Deiivery.
for
nearly nominal.
FLOOR.
Quiet.
sales of futures at
T^esales
unless otherwise stated.
is
day for May at 40@40^c. and for June at 39^c. The market
to-day was dull and weak, and No. 2 graded were quoted at 44c.
for mixed and 46c. for white, with sales of No. 2 mixed at 40o.
for May.
Market.
Sales
"aoiug rather better at 91@91)^c.
XXX
Oats have been
active for trade and speculation, and prices have materially advanced in the past few days, with sales of No. 2 mixed yester-
Canada and
Inq.
fVoL.
6273,
02032
62^32
May- June
July-Aug
62032
6i3,g
6%
Sept.-Oct
it is
and very
little
uneasiness
probable that some time
may
is felt
elapse
before either wholesale or retail buyers will be likely to re-enter
the market for fresh supplies. Under these circumstances there
no desire on the part of manufacturers' agents or importers to
force goods upon unwilling buyers, and fewer price revisions
is
have been made than would have probably been the case if
buyers had manifested more liberalty in their intended opera-
BRE ADSTUPFS.
FRIDAY, P. M.,
May
7,
1880.
tions.
With some
increase in the supply there
was a decline
in
some
low grades of flour early in the week and a very fair trade.
Latterly, with wheat tending upward, the market has been irregular; high grades from spring wheat and low grades
from
Patents are scarce; so
winter wheat show the most firmness.
»re No. 2s and superflne from winter wheat; medium grades
from winter wheat are plenty and hard to sell, and low grades
Domestic Cotton Gtoods,— The exports of domestics from this
week ending May 4 were 2,304 packages, dis-
port during the
tributed as follows
:
Aden, 1,227; Hayti, 166; Brazil, 164; Great
Britain, 149; Mexico, 142; United States of Colombia, 138;
Republic, 41
There was a
;
Ven-
North American Colonies, 52 Cisplatine
West Indies, 40 and some smaller shipments.
ezuela, 122; British
strictly
;
;
moderate demand for
all descriptions
of
from spring wheat cover a wide range. To-day the market
plain and" colored cottons at first hands, but prices were steady
was quite unsettled. Corn meal almost nominal.
Jobbing quotations
on such fabrics as govern the market.
"Wheat has made an irregular advance prime grades of
stocks
of brown and
surplus
were, however, irregular, and
red, whether spring or winter, have advanced considerably
considerably
cases
at
some
in
offered
bleached goeds, &c., were
white has not improved so much. The export demand has been
Print cloths continued very quiet,
;
;
than agents' prices.
with a declining tendency, 64x64s and 56x60s having been offered
at 4?ic. and 4c., respectively, without eliciting a response from
less
more
active, especially for
Great Britain, and holders, regain-
ing confidence, have been able to obtain higher prices,
es-
pecially for May and June delivery, for during these months a
Prints
printers, who are clamorous for still lower figures.
very active demand is anticipated. Yesterday the business in
makes
leading
fair
prices
of
while
the
and
were unsettled,
No. 2 red winter was at §1 29)6@.?1 31^ spot and May, $1 26®
remained unchanged, lower quotations were made on Eddy$1 27J6 for Jane and $1 15^®$! 16 for July; No. 1 white,
and
stone, Hamilton, Knickerbocker, Washington, Spagues
?1 25@$1 26?^ spot and May and $1 22 bid for June No. 2
Simpson's
shirtings,
American
and
Merrimack
other fancies,
pring, $1 25@?1 25^ spot and May, and No. 3 spring, |1 15@
mournings, Berlin solid colors, &c., on which there was a def 1 16. To-day the market was quite depressed and dull. No. 2 cline of from }^(i. to Ic. per yard. Wide prints, lawns, &c.,
quotations, and
red winter closing at $1 25 /i for June.
were in fair request and steady at unchanged
ginghams and cotton dress goods were moderately active and
corn has
irregular,
;
been
Indian
No. 2 mixed closing
last
declining on the spot, with
evening at
52c.,
but doing rather
better for futures. No. 2 mixed selling yesterday at 50@51c. for
early in
May, 48Mc.
White com
is
for all
May and 47Mc.
for
June and July.
in firm supply, but yellow is scarce.
spots declined, but futures were steady.
To-day
very firm.
Domestic
fully participated in the gen"
and transactions were almost wholly restricted to
promaking deliveries in execution of back orders. The late
from a long
tracted lull in the demand -the natural re-action
abnormal activity—has induced some timid buyers to
eral quiet,
period of
Woolen Goods have
May
THE
1880.]
8,
CJHIIONICLE.
attempt to evade their contracts, and efforts have been made iii
to cancel their outstanding
orders; but such an unmercantile course is strongly and properly opposed by manufacturers' agents. Stocks are well conditioned in first hands, and so many makes of clothing woolens
are sold ahead of production that prices are firmly maintained.
For flannels and blankets the demand has ruled quiet, but
Worsted dress goods were in irregular deprices remain firm.
mand, and while staple fabrics lacked animation there was a
fair movement in buntings and other light textures.
some instances by such buyers
FoKEWN Dky
Ci(X)D3.
—The
foreign goods was
business in
and comparatively unimportant, selections having been
restricted to small assorted lots required for immediate distribution. Silks dragged heavily, and prices are unsatLtfactory;
but most other fabrics are steadily held at current quotations.
light
Iniportatloim of Dry Goods.
May
1880,
6,
week ending
and for the corresponding weeks of 1879 and
1878, have been as follows:
EirrERED FOB OONSUMrTION FOR THB
WEEK ENDINO MAY
Value.
Pkgs.
6,
1880.
1880.
Value.
Pkgs.
294
1,853
1,879
77,739
207,665
257,770
147,089
65,348
784
431
101,127
241,527
322,898
157,289
93,799
5,122
755,611
2.91t
916.640
247
731
412
Cotton
Silk
Flax
Miscellaneous..
Total
.
851
558
684
1,401
630
1,135
946
252,658
437,903
371,525
228,744
134,333
4,796 1,425,163
WrXHDRAWN FBOM WAREHOUSE AND THROWN
INTO THE
ING TUE SAME TEKIOD.
234
166
foreousumpt.
Total on market
.
156
129
110
303
68,547
38,872
110,757
2,001
40,805
400
307
123,279
916,640
1,670
4,796
7,088
7,596
5,122
212,137
755,611
2,918
Total at the port... 12,718
967,748
3,414 1,039,919
Total
nt'dtorconsimipt.
25
204
81
496
93
685
185
6,466 1,875.502
Imports or Leading Articles.
614
293
sides,
pigs.
88,825
7,145
ISSO,
IThe quantity
and for the same period
is
400
bush.
1,161
42,679
47,893
pkgs
5,131
1,373
39,486
24,783
18,214
16,737
17,421
5,636
2
1,561
121,481
18.083
751,576
3,617
2,329
1,152
6,212
41,236
14,274
680,028
344,008
153,734
245,100
238,229
50,645
40,674
31,682
20,888
6,540
71
7,202
39,873
58,346
19,213
119,179
579
8,347
.>
pkgs
pkgs
pkgs.
pkgs.
Butter
Cheese
Eggs
Lard
Lard
bins.
tcs. ifebbls.
kegs.
No.
pkgs.
China,
1879.
Ac-
China
Earthenw
.
Glass
Glassware
Glass plate.
Buttons
Coal, tons...
Cocoa, bags
Coffee, bags.
Cottou.hales
Drugs, &c
Bark, Peru.
Ble;i. i>o\vd.
Coc-hineal..
Gambler
.
.
Gum, Arab.
iHdigo
.
Madder, &c
12,367
9,250
2,210
29,288
3,354
3,»47
772
18,543
Oil, Olivi
Opumi
5,222
17,224
219,978
12,797
2,445
5,623
10.075
15,877
842,416
2,331
594
..
8oda, bi-cl).
Soda, sal...
Soda, ash..
Flax
Furs
Gmmy cloth
Hair
Hemp, bales
7,152
24,871
27,361
2,737
4,712
1,564
5,631
81,547
Hides, Ac.
Bri.stles
pkgs.
bbls
hhds.
pkgs.
Watches
Tea
15,375 Tobacco
6,071 Waste
.
.
391
7,215
24,074
22,724
1,024
2,658
500
1,.501
1,215
3,74"
29,493
832
1,268
.
.
Linseed
MuhLsses
Metals, &0—
Cutlery
Hardware..
304
146,723
26,798
2,761
482
1879.
3,912
507,682
25,970
432,030
215,152
221,514
1,050,895
713,234
355,372
22,555
44,293
48,429
60,233
.186
27,739
46,551
14,941
boxes
Whiskey
Wool
& cases.
hhds.
bbls.
bales.
Cigars
. -
Corks
Fancy goods
Fish
&0.—
Lemons ..
582,471
33,920
313,990
163,349
474,248
22,275
282,033
141,870
454,719
308,649
971,374
286,306
330,079
4,028,084
43,393
Fruits,
Oranges
Nuts
..
969 Pepper.. .,
221 Saltpetre ...
190.993 Woods
23,765 Cork
233,934
202,517
227,771
Fustic ..,.
10,3.14
Logwood
Mahogany
304,437
79.163
.
36
657
18,607
02,707
10,899
1,00ft
185,57*
8,530
381.7'>5
326.040
192.423
309,867
19,621
49,860
16,619
40,344.
12,961
998
26,431
44,655
44,765
16,842
125,579
15,868
Exports et LeadlUK Articles of Domestic Produce.
The following table, based upon Custom House returns, show*
the exports from New York of all leading articles of domestie
produce for the week ending with Tuesday last; also the export*
from the 1st of January, 1880, to the same day, and for the cor-
Week ending
Ashes, pots
-Vshcs. pearls
152,728
60,214
199,493
121,460
183,035
63,492
305,431
65,787
4.
Since Jan.
1880.
1,
Same time
last year.
bbls.
bbls.
497
73
746
4S
lbs.
41,771
13,025
83,390
14
4,817
853,296
19,564
3,794
1,218,496
1,483
57.122
14,163,787
671,336
60,609
1,056,171
30
254,660
169,581
11,423,890
22,417
20,647
169,616
31,871
33,689
1,850
176,388
86,290
150,155
9,937,264
23,846
31,71»
99,443
48,786
23,527
11,133
4,123
83,155
2,481
1,943
1,104,652
68,173
2,720
2.145
663,063
Beeswax
BreadstulTs—
Flour, wheat
Flom-, rye
Com meal
Wheat
Bye
Oats
Barley
Peas
Com
Candles
Coal
Cotton
Domestics
Hay
Hops
Naval StoresCrude tunieutino
bbls.
bbls.
bbls.
bush.
bush.
bush.
bush.
bush.
bush.
pkgs.
tous.
bales.
pkgs.
bales.
bales.
27,419
904,291
2,860
929
23,465
2,304
3,841
5
10,244
Oilcake
Oils—
cwt.
422,673
^VhaIe
gals.
gals.
gals.
gals.
gals.
Rosin
Tar
Sperm
Lard
Linseed
Petroleum
ProvisionsPork
Beef
Beef
Cutmeats
Butter
Cheese
bbls.
bbU.
tierces.
lbs.
lbs.
lbs.
Lard
Rice
lbs
bbls.
lbs.
Tallow
hhds.
Tobacco, leaf.
bales and cases.
Tobacco
Tobacco, manuf acturcd lbs.
.
Whalebone
lbs.
2,96&
60,988
14,460,284
1,154,809
100
bbls.
bbls.
bbls.
bbls.
bbls.
Spii'its tui-peutine
Pitch
value.
1,014,332
83,279
334,041
510,700
Raisins .
499 Hides, uudi- 10,663,611
1,647 Rico
8-l,88u
17,093 Spices, (fec378 Cassia
87,131
Ginger .. .
32,357
1,800
184
|
4,305,959
42,792
424,113
29,186
495
1,066 Wines, &e.
19,657 Champ'gne
1,745
baskets .
2,270 Wines
1,356 Wool, bales.
12,771 Reported by
932
882
May
112,878
.
.
Hidcs.dr'sd
India rubber
Ivory
Jewelry ,&c
Jewelry
1880.
Metals, &c
Lead, pigs
27,919
Spelter, lbs 3,202,070
Steel
170,857
589,920
Tin, boxes
Tinslb8.,lbs 14,067,115
3,968
13,241
86,841
9,713
1,850
4,138 Paper Stock,
11.030 Sugar, hhds,
10,982 tcs., i&bbls.
788,384 Sugar, boxes
5,281 and bags..
907
7,074
slabs.
in 1879:
given in packages wlien not otherwise speolfled.
1880.
545
41,671
.bbls.
galls.
following table, compiled from Custom House returns
shows the foreign imports of leading articles at this port since
1,
11,166
3,223
89,748
78,429
58,260
23.600
1,432,767
399,415
4,941
75,069
responding period in 1879:
The
January
3.59,917
Oil, lard
Oil, whale
Sugar
Tallow
Tobacco
Tobacco
131,020
102,712
68,518
130,553
17,536
5,391
201,439
875,236
45
35
Hogs, dressed
32,298
28,283
25,571
28,728
8,399
No.
bales,
bales.
l,453,6ti3
16,885
Sugai-
47,551
26,780
39,014
32,230
66,562
18,357
3,941
61,586
59,805
20,510
6,406
1,328,415
56,868
441.746
9.839,294
2,896,194
1,405,740
143,612
bbls.
bbls.
Pitch
7,495 1,745,038
00,-'94
1,558
1,788,810
62,335
13,525,694
pkgs.
Tar
6,944 1,212.712
Flax
.'
2,521
HSfiOi
20,172
1,382,458
37.58S
6,010,380
204,775
12,736,441
3,523,241
11
1,433
last year.
1,878
98,134
3.887
237,304
8,500
013,683
296,144
48,984
12.370
5,995
bags.
bags.
1,
Oilcake
Rice
Spelter
Stearlue
8Uk
oil
92
673
Slnoo Jan.
1880.
1,420
21,821
108,427
8,052
001
228,479
2,087
2,699 319.875
4,796 1,425,163
79,6(i8
70
110
busli.
bush.
bales.
bbls.
hhas.
Molasses
bbls.
Molasses
Naval Storesbbls.
Turpentine, crude
Turpentine, spirits... bbls.
bbls.
Rosin
296,072
916,640
Cotton
liusli.
Hops
4,026
2,918
80,245
32,406
Manufactures of-
..
Cotton
Cotton seed
Flax seed
Grass seed
Hides
Hides
3,321
154
110
69
165
bush.
bush.
hMah.
Corn
Oats
Barley and malt
Pork
Beef
Cutmeats
ENTERED FOR WAREHOUSE DURING SAME FERtOD.
Miscellaneous.
Wheat
Rye
254,220
755,611
Wool
bbls.
bbls.
Corn meal
2,131
5,122
7,256 1,009,831
.
bbls
1,404
259
Flax
Ent'il
licans
BicMilstulTs—
Flour, wheat
58,815
44,938
71
811k
Total
bbls.
87,796
36,216
51.604
54,596
21,008
Cotton
Miscellaneous
203
126
88
288
Ashes
MARKET DUR- Peanuts
Pi-ovisions—
Manufactures of—
Wool
Week endliur
May 4.
Lead
Value.
Manufactures ol-
Wool
corresponding period in 1879:
Leather
1879.
1878.
Pkgs.
Receipts of JLeadliiK Articles o( Domestic Produce.
The following table, based upon daily reports made to the
New York Produce Exchange, shows the receipts of leading
articles of domestic produce in New Tork for the week ending
with Tuesday last (corresponding with the week for exports)
also the receipts from January 1, 1880, to that day, and for the
I'ens
.The importations of dry goods at this port for the
501
919
237
24
288
120
23,129
1,962
3,089,464
8,274
1,457
1,952
15,802,224
511,958
949,930
6,509,575
578.
1,337,320
1,511
819
132,101
62,434
221,123
12,979
87,027,262
87,299
19,616
24,397
208.322,242
6,392,100
14,810,363
104,969,001
5,302
26,291,762
23,637
15,944
2,390,573
42,801
3,41!
75,482
35,760
372,77»
3,771
58,871,585
04,547
17,470
23,472
260,028,957
9,150,129
30,961, .553
105,651,355
5,044
27,003,045
18,548
9,591
2,591,720
19,778
THE OHEONICLE.
502
&
Hatch
BANKERS*
WALSTON
No.
lit
Foote,
STREET,
WA1.1.
Brr AKD SXLL
GOYBRNMKNT BONDS, STOCKS AND MISCEIiLANKOUS SECURITIES.
F. Zebley, Jr.,
John
brown.
H.
NEW YORK,
ST.,
(DBEXEL Building)
6
Investment Securities.
Dealer In
Orders executed at the Stock and Mining Exchanges.
Railroad and
Special attention given to Defaulted
Municipal Securities of Illinois, Kansas, Missouri,
68
&
Francis,
4 Exchange Co iri.
Wytart memltrshif in V.
Buy »nd
New
York.
V. Slock Exckangt.
Sell OH Commission, /or Cask^ ow 0m
Stocks^ Bonds^ ana ail Investment
Steurities, in lots to luit.
Margin,
H. W. Rosenbaum,
Exchange Place,
51
New St., New
BUYS AND SELLS
RAILROAD BONDS AND STOCKS.
Correspondence solicited and Information cheerfallr furnished.
ITork.
ALSO,
Lane & James St., ALBANY, N. Y.
Transact a General Banking Business.
STOCKS and BONDS Bought and Sold on Con>
mission, and carried on Martina.
Deposits received and Interest Allowed.
Cor. Maiden
w. h. cox, jr., oscab b. suith.
idward pomero y,
Buttrick
&
39 Wall St, New ITork.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
&
A. BUTTRICK, Member of the N. Y. Stock Eich'ge.
Wm. Elliman. Member of the N.Y. MininK Exch'se.
C.
Pomeroy, Cox
&
Smith,
&
Clinton B. Fisk
Co.,
BANKERS,
BROAD STREET.
Sheldon & Wadsworth,
GOVERNMENT AND INVESTMENT SECURITIES
BUV AND SELL ON COMMISSION,
WALL STREET,
10
BANKERS AND DEALERS
IN
DEALERS
BONDS AND STOCKS. James M. Drake
Wm.
C.
BANKERS,
21
Wm.
Sheldon.
H.
B.
Wadswobth.
No. 146
BROADW^AY,
NEW
YORK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
See quotations of City Railroads in this paper.
STOCKS
BONDS
and
SALES
REGULAR AUCTION
on
WEDNESDAYS AND SATURDAYS.
No. 7
H.
MVLLER &
PINE STREET,
SON,
BROOKLYN SECDRITIES, CITY BONDS,
Gas Stocks, &c.,
HAS REMOVED TO
No.
1
NEW STREET,
NEW
_M«y 1,1879.
Dodge, Potter
&
YORK.
Co.,
BANKERS
AND
COTTON COMMISSION MERCHANTS,
34 PINE STREET,
New York.
can Francisco.
Stcauisiiips.
ONEY
to France.
Line
Direct
GENERAL TRANSATLANTIC CO.
Between New York and Havre.
From
Pier (new) No. 42 North River, foot of Morton
Travelers by this line avoid both transit by English Railway and the discomforts of crossing the
Channel in a small boat.
Wed.. May 12. 7;30 A. M.
CANADA, Frangeul
Wed.. May 19. 1 P.M.
LABRADOR, Sanglier
ST. LAURENT, B. Joucla.Wed., May 26. 7:30 A. M.
PRICE OF PASSAGE, (including wine;
To Havre— First cabin. |100 and $80 second cabin,
Steerage, $28, including wine, bedding and
$55.
;
utensils.
Return tickets at very reduced rates.
Checks drawn on Credit, Lyonnais of Paris in
amounts to suit.
Mediterranean Service.
Steamers will leave New York direct for Lisbon,
Gibraltar and Marseilles every month as follows
About May 17
FERDINAND DB LBSSEPS
About June 17
VILLB DE MARSEILLES
About July 17
CALDEBA
Spam, Italy
lading
granted
for
Through bills of
and Algeria.
Price of Passage:— First cabin, *100 steerage, ^82.
:
DEBEBIAN,
I.OUIS
6
New
Atlas Mail Line.
of South America.
Sail
from
pier 81
:
^
:
i
May 2H| CLAHIBEL
North Ja.maica and Maracaibo
June
Mav 191HOUSSA
June 11
For
:
ABRAN
9
Superior accommodation for Brst-class passengers.
For freight or passage apply to
& CO., General Agents,
FORWOOD
"
PIM, "^""
No. 87 Wal Street.
'
Co.,
&
a,
'm%
Co.,
BROKERS IN
FOREIGN EXCHANGE,
United States, Chicago, Cincinnati, St. Louis,
District of Columbia BoudSi
AND OTHER
52
North River.
For KINGSTO.V, AsriNWALL. GKEYTOWN. COLOMBIA, PANAMA and South Pacific Ports
May 25
May 11 ATUO.-(
AILSA
For IIatti
May 27
..May 13 ANDES
ATLAS
For Porto Rico
ETNA
and BONDS'
&
H. Latham
INVESTiWENT
close connection at
Panama with the steamers of the Pacific Steam
Navigation Company, being the quickest and most
direct service between New York and the west coast
Special attention to business of country banks.
J.
.48;eut,
Bowllns Green.
Our Asplnwall steamers form
BANKERS AND BROKERS,
T W^all St., Cor. New, New Vork.
INVESTMENT SECURITIES.
NEW YORK.
Beers, Jr.,
Wm. M. Lent.
iSpecial.)
Member N. Y. Stock T-'xchange.
Member N.Y. Mining Stock Kxchango.
;
York.
A. H. Brown
J.
N. T.
Co.
DREXEL BUILDING,
22
W^all St.,
ol all classes of
STOCKS AND BONDS
ADRIAN
AND
&
U. 8. GOVERNMENT, STATE. CITY, and all otkel
Negotiable Securities, ON COMMISSION.
Mr. J. M. Drake has been a member of the Ner
York Stock Exchange since 1852, and will give personal attention to all business entrusted to the flrii,.
At Auction.
The Undersigned bold
M. Jones,
i
BUY and SKLL RAILROAD STOCKS
L. Grant,
Hinckley.
L.
I.N
For cash or on margin, all securities dealt in at the
New York Stock Exchange. Brokers in State. Railway, Municipal, Mining and Miscellaneous stocks
and b onds.
vances made on same.
Jones,
MiniNG STOCKS.
B.
No. 3 Broad Street, Drexel Building.
All classes of negotls.ble securities bought and
Bold at the Stock Exchange on Commission. Ad-
&
No. 19 William Street, New liork.
GOVERNMENT BONDS. STOCKS
AND I.VVKSTMENT SECURITIES
BOUGHT AND S^OLD ON CO.MMISSION.
SPECIAL ATTENTION GIVEN TO
;
BANKERS AND BROKERS,
No. 37
ST.,
.
Elliman,
BANKERS AND BROKERS,
Nos. 37
NEW
17
Bur, Sell and Carry on Margins
Hinckley
Co.,
BANKERS and BROKERS
BANKERS AND BROKERS,
70 Broadway & IS
Stock Exchange,
All Securities dealt In at tlie Exc.hanKe
No. 19 Broad Street, New Torfc,
ALL CLASSES OF INVESTMENT AND MIS
And 83 Devonshire Street, Boston. CELLANEOUS
SECURITIES NOT ACTIVELY
Secubitibs
all
Commission
on
Sell
AND
BUT
Current at the New York Stock Exchange.
IN AT THE NEW YORK STOCK EX
ALLOW Interest on Deposits, make advances DEALT
ON Approved Collateral.
CHANGE A SPECIALTY.
Trask
Y".
Co.,
N. P. Henderson,
Howell,
BROADWAY AND
THE NEGO-
&
Kimball
7?, tT.
ASTHONT. Member N. Y. Stock Exchange.
Henry Vf Poor
JAS. H. OlliPHANT, Member N. Y. Mining Eich'ge
BANKERS AND BROKERS,
J. P.
RAILROAD SECURITIES.
1,.
ANTHONY, POOR & OLIPH.iNT,
H. Klmball,
Members N.
SPECIAL ATTENTION GIVEN TO
TIATION OF
&
Kimball, Howell
C.
BANKERS,
11 Pine Street, Ne«r iTork.
owa and Nebraska.
Correspondence solicited and full information
given on all classes of bonds and stc cks.
JA8.
BROWN.
FBfED. A.
Walston H. Brown & Bro.
BANKER AND BROKEK,
BROAD
XXX.
Financial.
Financial.
Financial.
Vol.
I
SECURITIES,
GOLD MEDAL,
"Bi^ Celebrated
PARIS, 1878,
yumhersy
S03-404- 70-35 -332,
i
and /lis other styles viay he had of all dealers
throughout the world,
Joseph Gillott
& SonSt*"
New Tork.
'_
WILLIAM STREET.
H. LATHAM.
F.
W. PERBT.
lii»iiiranec
Geo. a. Mebcer.
W.M. F. OWEVS,
Y. Stock Exchange.
Member N.
Owens
&
Mercer,
BANKERS
AND COMMISSION STOCK BROKERS,
and 62 Broadway.
T Excliange Court
Interest allowed on deposits, to be drawn at will
Also, Contracts made and carried in New York
Cotton and Produce Exchanges. We issue a Daily
Letter which will be sent on applicatioi:.
D. Probst
&
UTlJAltll
piMliii
OF NEW YORK,
]
SSUES EVERY APPROVED DESCRIPTION
O
Co.,
POIICIE
AFE AND ENDOWMENT
AS FAVORABLE AS THOSE 01
STOCK AND BOND BROKERS, JNTERMSANY
OTHER COMPANY.
J.
No. 82
EXCHANGE PLACE, NEW YORK.
stocks, railroad bonds, governments. and
Mjscellaneous Secukiiies, Bought aku Solu
ORSANIZED APRIL
121."
|842.
MASSEISOYER$80,000,00£
-
May
THE
8, 1880.1
(^HRONJCJLE.
The United
OFFICE OF THE
b
A««C««,
Surplua.
....
....
N. V.
Co.,
'Haaafteturan
$4,083,296 81
872,484 U6
JAMES BUBLT Prealdont.
LIBERAL AND IMPi! R PANT CONCESSIONS
LIFU! INSUKANCK CONTRACTS.
ud
Uasinrt la
COTTONSAILDUCK
.
Mutual
Insurance
Nkw
Trustees,
iit
Co.
Yohk, Janniiiy
(•onfonuitj'
24, 1880.
the f'lmrter of
ti>
tbo Company, eubuiit the following l^tatoiueut
of Ita affalra on the lilst December, 1879
Premiums received on Marino
lUsks, from 1st January, 1878,
to 31st December, 1879
$3,609,006 58
Premiums on Policies not markolT
l8t
1879
ed
January,
1,071,981 91
:
Total amount
Bisks.
oft
Kxamlno the new form of Policy Issued by
United States Life Insuraneo Company before
BurlnK elsewhere.
After tho premiums for three or more years hav
been paid, upon rec(!ivlnK tho required notice from
the assured the Company will continue the Policy
In force without further puymcnts, for Its KUIJ,
KACK. for such a period lu the ENTIRE UUSEUVIS
will carry It.
Should the d'ftth of the Insured take place durinff
tho continued term of Insunince as provided for
above, tho full face of the Policy will be paid— nff
deduction beInK made for foreborne or unpaU
premiums, excepting In the event of the deati
occurring within three years after the orlglna
default.
:-
If the ENTIHK RE.SKKVE Is a ([renter sura
than the sInKlo premium required to carry the full
amount of Insurarici; to the end of the endowment
term, tho excesH shall be used as aslnslo premium
to purcha.se a pure endowment, payable at the end
of tho term, thus truarantecInK to the policy-holder
in every event the full value <)f his Reserre.
NO SIJKUK.NDKK of tho Policy Is required; only
a notice fr<»m the policy-holder, on blanks furnished by the Company.
That
$5,371,048 49
have been issued
upon Life Kisks; nor upon
Fire disconnected with Marine
Policies
Premiums marked
IN
The new form of Endowment Policy provides
of Marino Tre-
uiiunis
No
&
Comp'y,
261-364 Hroadway,
Turner
BrinckerhofT,
States
Life Insurance
ATL ANTI C
The
Commercial Card*.
Insnrancct
Insurance.
from Ist
AFTKR THRKK YKARS, AM- RESTRICTIONS
January, 1879, to 3l8t December, 1870
Losses paid during the same
period
Returns of Prcmiimis and F.xpcnscs
The Company hna the following
3,875,101 26
three years,
will,
kindtof
BTi'.II'ES.'
Also, Asentj
United State* BHntluK Company.
A
toll
inpply
all
WIdttu and colon alwari
Dnane
No. 109
la •took.
Street.
E.R.Mudge,Sawyer&Co
A(;ents fok
IFaahlnKton milii, rhicopee Mlk. C*.
Burlinstoii AVoolen Co.,
Ellerton New MUlK,
Atlantle Cotton rail|a(
Saratoea Victory 1*1 rg. Co., ucean mila
Hosiery, Shirt* and Dra^rera
trom Various
Mills.
NEW rOUK.
BOSTON,
IS Cbau.ncky Stbcbt
& 45 White Street,
PHIl,ADEL.PHIA,
J. W. DAYTON, 1880 CHESTNCT 8TBEET.
43
INCON-
TESTIBLB FOR ANV CAUSE. EXCEPTING
FRAUD.
The Company
til
"AWNING
and CONDITIONS In regard to travel, residence,
occupation and cause of death are remove<l. thus
maklnff the Policies, after
1,524,331 04
Asd
COTTON CANVAS, FELTINO DUCK, CAR COVEB
INS, BAGOINO, KAVEN8 DUCK, BAIL TWUtWI
*C. " ONTARIO HKAMLKSS BAU8,
upon application, send Circu-
George A. Clark
&
Bro.,
lars eivlnfz full particulars.
840,730 77
onice of Middle Department, Boreel BulldInK
No. H7 Broadway, N. Y., Henry W. Baldwin, Sup't.
Assets, viz.:
United States and State of New
York Stock, City, Bank, and
MARINE AND FIRE INSURANCE.
other Stocks
$8,875,558
Loans secured by Stocks, and
othcrwko
1,307,900
Real estate and claims duo the
Company, estimated at
500,000
Premium Notes and Bills Receivable
1,522,820
00
00
35
231,435 10
CashlnDank
COMMERCIAL
00
Mutual Insurance Co.,
iniLWARD«S HELIX NEEDLES.
400 BROADWAV, NEW YORK.
No*. 57 and 59 \t llUam Street.
INSURES AGAINST
Total .Vmount of Assets
.f
12,437,739 5
Six per cent Interest on the outstanding certiflcatcs of proflts will bo paid to the
holders thereof, or their 1 -Kal representatives,
on and after Tuesday, tUe 3d of February next.
Fifty per
cent of the Outntandlng;
MARINE, FIRE AND INLAND NAVIGATION
RISKS.
ASSETS Jan.
A
Dividend of Forty per cent
is
de-
By order of tho Boanl,
k
J.
H.
CHAPMAN,
Secretary.
TRirSTEES:
J. D. Jones,
Charles Dennis,
W. II. II. Moore,
Horace Gray,
Edmund W.
Corlies,
Charles H. Kussell,
Jaiaes Low,
David Lane,
John tUiott,
Alexander V. Blake,
Robert B. Miuturn,
Charles H. Marshall,
George W. Lane,
Gordon W. Burnbam,
Edwin D.
A. A. Kavcn,
Eobert L. Stuart,
Lewis
Wm.
Curtis,
James ,G. De
Sturgis,
Adolp'.i Lcmoj-ne,
Benjamin
II.
Field,
Josiah O. Low,
William E. Dmlge,
Royal Phelps,
Thomas
C. A.
F. Youngs,
Hand,
John D. Hewlett,
William H. Webb,
Charles P. Burdett,
J.
Slorgan,
Forest,
Frederick Chauneey,
Chailes D. Ijcverioli,
William Uryce,
William U. Fogg,
Peter V. King,
Thomas B. Coddington,
Horace K. Thurber,
Willl.am Degroot,
Henry Collins,
John L. EUter.
D. JONES, President.
CHARLES DENNIS, Vice-President.
W. H." H. MOORE, 2d Vice-President.
jL a, raven, ?d
Yico-Presidcu(,
$810,804 75
W. IRVING COMES,
Rate.s.
No. 11 Old Slip, Nenr Ifork.
President.
WAINWRIGHT HARDIE, Vicc-Pres'l
HENRY D. KING, Treagnrer
HOME
cease. The eertiticatcs to bo i^roduced at the
time of paj'ment, and canceled to the extent
clared on the net earned i>remiums of the Company, for the year ending 31st December, 1879,
for which ccrtillcates will be issued on and after
Tuesday, the 4th of May next.
1880
All Risks Writtkn at Reasonable
Ccrtlflcatca of the issue of 1870, will bo
redeemed and paid to the holders thereof, or
their legal representatives, on and after Tuesday, the 3d of February next, from which date
interest on the amomit so rediicmablo will
paid.
1,
Insurance
Cotton.
WII.
Company
MOHB. CLEMENS FISCBKR, H. W.HANEMANK,
Son of J. T, Hanemann,
late of Knoop, Uanemann It Co.
Mohr, Hanemann & Co.,
«F NEW YORK,
COTTON BROKERS,
PEARL STREET,
OFFICE, 119 BROADWAY.
Finy-Tlitrd Semi-aunnal Statement,'
SHOtt'lNG
THE
CONDITION OF THE COMPANY ON THE FIRST
BAY OF JANUARY, 1880.
CASH CAPITAL
00
00
Reserve for Re-iusuranco
Reserve for Unpaid Lt)»8C8
Net Surplus
$3,000,000
1,841,438
218,704
1,320,785
Cash Assets
$6,410,988 1
StIininAKV
OF
NEW
W. &
I-I.
Bonds and mortKapcs,
beiiiK first lien
real estate i,worth M.l"l.-»<WJ
on
cles Issued at this ofBce
00
50
60
00
6(1
AND
132 Pearl
F.
O Box
«1
PreHidcnt.
Secretary.
Commercial Cards
Russell
&
Co., China,
CO.MMI8SIOX Merchants and Ship Age.vts,
Ilong Kouff, Canton, Aiiioy, Foecbowj Hhauflrhni and Ilaukuw.
Agent in America. S. W. POMEROY, Jr,
New York OflBcp, 60 Wall Stkeet.
Bostyn Office,
C£>'XilAL STKEJST,
«
New
York.
Special personal attention to the purcbaae
and sale
'•COOTliACTSroU FUTUliK DKLIVKKY
CJTTON.
of
Geo. Copeland
OF
&
Co.,
COTTON BROKERS,
J8.410.BS8 11
GHAS. J. ITIAKTIIV,
J. H, AVASHBURN,
Street,
3,909.
Advances made on Conslifaments.
87
6,507 38
Total
H. Farley,
FINANCIAL AGENTS
1.806.653 00
United States stocks (market value).... 3.184,125
200.702
Hank stocks (market value)
State and municipal b'ds (market value)
237,850
Loans on stocks, payable on demand
(market value of securities t543,S)K!). 418,670
Inteiest due on Ist Jauuary, 18oO
54.870
Balance In bands of aRonts
154. lU
54,125
Kcal estate
uncollected
and
Promituus due
on yolU
J.
COTTON FAC^TORS,
COMMISSION MERCHANTS,
ASSISTS
:
OR-
DERS FOR FUTURE CONTRACTS.
In the
MENT
YORK.
Special attention Kiven to the execution of
81
30
United States, available for the PAYof LOSSES by FIRE and for the protection of Policy-Iioldors of FIRE INSURANCE
Cash in Ranks
t233.299 29
Held
123
PEARL STREET. NEIV YORK.
136
E.
S.
Jemison
&
Co.,
BANKERS
AND
COTT®N COMMISSION MERCHANTS
No. 10 Old
Slip,
New ToriC
MOODY & JEMISON, Galvestoiij TfxaaJ
IKE (JHRONICLE.
VI
Woodward &
Noa. 74
^*U
T6
&.
Stillman,
BTILDINO,
of orders for
Special attention paid to the execution
contracts for famre deUrery
l-e purchase or sale of
&
G
Co.,
B. F.
SoutU William St.,.New
8
TTorlt.
Advances made on ConelRnmente
to
it
ISO
execute orders for Merchandise through
racMr*.
FINLAY, MUIK
CO.,
^k
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOR COTTON
tnd soM on Commission
In
street, N.
COTTON BROKERS,
Street, New Vork.
Spot Cotton and Futures promptly exe"
117 Pearl
Orders for
cuted
&
S4
Co.,
MERCHANTS AND BANKERS,
BROAD STREET, NEW YORK.
Liberal Advances
made on COTTON
H. Tileston
COTTON,
25
STOCKS,
WILLIAM STREET,
&
In Store.
Ware
Unpaid
WHITMORE
D.
BEEKMAN STREET, NEW
ORrENT, L.
111 Pearl Street,
New York,
•Bpeoial attention paid to the execution of orders
JAS. A.
Atlantic
&
Virginia
" ORIKNT
agent
in
every thriving
Apply (with reference) to
CRENSHAW^,
Pres't,
CRENSHAW WAREHOUSE,
Richmond, Va.
John H.
Iselin
&
Co.,
YORK.
Tames F.Wenman& Co.,
(in
Bennet
Tontine Uullding)
&
commissioN mERciiAivTs,
121 PEARL STREET,
MEW
Y'ORK.
Special attention given to the execution of order
or the purchase or sole of Contracts for Future
UeUvery.
Esq.
Office
54
W^UUam
St.,
New
OFFICE,
CO.,
EOVIS.
Liverpool
.
London
Saazer Hops and choice
Bohemian Barley, universally acknowledged the
best and healthiest Beer in the world. Warranted
to keep In all climate*. Agents wanted in all towns.
Ask your G-rocer for CmiracVs Budweuer.
made from imported
HENEY
& Globe
PULSFOKD,
Resident Manager.
W, EATON, Deputy Manager.
Asst.
Deputy Manager.
(commercial
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES
Inclined Planes, TransmisIsion of Power, &c. Also,
LiGalvanized Charcoal and
JbB for Ships' Rigging, SusIpension Bridges, Derrick
f Guys, Ferry Ropes, &c.
large stock constantly on
hand from whicli any deare cut.
lengths
sired
E.
GEO. W. HOYT,
Wire Rope.
I
&
45 William St*
JAMES
IN BOTTLES,
York.
Insurance Company^
B1JDWE1SER EiiOERBEER,
1841.
Foulke,
ASTOU,
BttOADWAY.
ST.
:
CHAS. E. WHITE, SAM. P. BLAGDEN,
Orders left with Messrs. ISELIN & BARKER
No. 14 Broad St., will receive immediate attention.
COTTON BROKERS,
Ao. 146 Pearl Street, near W^all, N. 1.
KsUbllshed
NEW TORK
MANAGERS,
OPTIONS BOUGHT AND SOLD.
CONRAD &
Co.
SOLON HtTMPHRKYS, Crh'r'n,(B. D.Morgan & Co
DAVID DOWS, Esq. (David Dows & Co.)
E. P. PABBRI, Esq. (Drexel, Morgan & Co.)
Hon. S. B. CHITTENDEN.
EZRA WHITE, Esq.
MEMBERS CHICAGO BOARD OF TRADE.
NEW YORK
Ins.
United Stales Board of Manageaieiit,
J. J.
iKnments.
UTETW
York.
Agent.
British
Mercantile
COMPLETE MANURE,"
And want a good working
Solo Proprietors of the " Original Budwctser."
Trademark registered in 18^7-
%% BEAVER STREET,
New
ALEXANDER,
LONDON AND EDINBURGH.
Branches in Leadtilijk, Buena Vista and Gunnison City, Col.i Dallas and Houston, Tex.
COTTOBT BROKERS,
$2,045,468 94
St.,
OF
Ammoniated Bone Scperphosphate of Lime,
AND
C.
1819..
4,868,683 85
00--
251,41)9
.
—North
&
Fertilizing Co.
offer their standard brands
lor the purchase or sale of contracts for future deiTery of cotton. Liberal advances made on oon-
WALTER & KROHN,
losses, etc...
I,
" Orient.'
I
No. 35
COTTON COMMISSION MERCHANTS,
1,617,189 F6
...
NET SURPLUS, Jan.
No. 2 Cortlandt
CO.,
YORK.
,
Schroeder,
$£(,000,000 00
Re-insnrancefnnd.
&.
8«,914,147 79
1879
1,
Capital...
'Eureka"
Works at
The
Company
OF HARTFORD.
AGENTS:
W^. G.
GILUAT SCHROEDSH
&
Insurance
Bond Papers.
&c.,
Orders in " Futures" executed at N.Y. Cotton Eioh.
HSNBY H. WAKE.
iETNA
Totai Assets, January
cotton-growing county.
Co.,
BONDS,
NEW YORK.
York.
Insurance.
Bankers' Ledger and Record Papers.
Machiue Hand-Made Papers.
Autiqne Parchment Papers.
Plated Papers.
,
R. M. Waters
Cotton Exch'ge
Whiting Paper Co.,
HOEYOKE, MASS.
45
Co.,
Y'.
miscellaneous.
Y.
&
Dennis Perkins
New
orders executed at the Cotton Exchanges In New
York and t,.verpc»l aid (.iraaces made on Cotton
and other produce consigned to ns, or to our correspondents In Liverpool, Me'srs. B. Newgaas & Co.
and Messrs L. Rosenheim & Sons.
PEARL STREET, NEW YORK.
JAMES
140 Pearl
EXCHANGE PLACE.
40
Wali. Btekkt.
Future " orders executed at N.
New York and Liverpool.
COMMISSION MERCHANTS,
COMMISSION MERCHANTS,
&
bought
AKD
LEHMAN BRO'S,
Cotton AND Factors
Tainter,
Waldron
GENERtL COTTON MERCHANTS,
97
COTTON FACTORS
Lkhman, Dure & Co.
Montgomery, Ala.
Co.,
CrJeans, La.
Receive consignments of Cotton and other Produce,
and execute orders at tlie Exchanges in Liverpool.
Bepresented In New York at the ottlce of
BABCOCK Bi;OTHERS & CO.,
'
Gwynn & Co.,
Fielding,
New
BABCOCK & CO.
50
Me»»r«. JAMES FIN I. A V & CO.,
LIVERPOOL, LONDON AND GLASGOW.
Lehman, £ rRAHAM &
COMMISSION MERCHANTS,
17 Water Street, LIVERPOOL,
ENEKAL
COFimiSSION MEKCHANT8,
York.
market.
SOUTHERN SECUUITIES.
^
Henry Hentz
York.
LOANS MADE ON
made on ConslgnmenU.
0' cotton.
New
New
111 Pearl Street,
Liberal advances on consignments of Cotton for
Sale In New York or Liverpool. Especial attention
given to Sale and Purchase of Future Contracts,
both in New Y'ork and LIVERPOOL, on reasonable
terms, and profits paid as soon as realized in either
Cotton Kschange Building,
101 Pearl Street,
SECvKi'ry.
('.Tftntea
COMMISSION MERCHANT,
COTTON
COMMISSION MERCHANTS,
Street,
tiENEBALCOMHISSION JttJGfiCHANTS
^OANS MADE ON ACCKPTABI.K
tlberii
Robert Murdoch,
INMAN, SW ANN&Co
MEW TORK
8, 1880.
Cotton.
Cotton.
Cotton.
SEAMKN'S BANK
[May
LJ^uon Ins,
{fiF
A
LONDON),
ALFRED
'
FLAT STEEL AND IRON
ROPES for Mining pur-
Ca
PELL,
Resident Manager,
poses manufactured to order.
CO.,
JOHN W. MASON &New
York.
43 Broadway,
3r
&
39 Wall Street
@FedFRASER