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ANDW
HUNT'S MERCHANTS* MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY, NOVEMBER
23.
CONTENTS.
1862,
when the operations of
To explain them, it
closed.
THE CHRONICLE.
EUieon & Co. 'a
Tb« nntSjmdicate and the Treas-
Annnal Earopean
465
Cotton Review
•Ml
ury
General Prices and the Apprecia-
Latest Monetary and Commercial
462
tion of Gold
Bailroad Earninga In October, and
464
from Jan. 1 to Nov. 1
Commercial
4'0
News
English
and
Mlscellaneoas
47a
News
U.
Securities,
8.
I
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, Boston Banks, Philadel-
I
I
I
phla Banks, National Banks, etc. 473
Qnotations of Stocks and Bonds. 476
Investments, and State, City and
477
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
474
479
483
eotton
Breadstaffs
Dry Goods
Imports and Exports
4gS
481
latest
news up
is issued on Saturmidnight of Friday.
to
necessary to remember
In anticipation of such demands, the Clearing House
had us«d loan certificates upon the stocks of the State of
York, as well as the bonds and Treasury notes of
For reasons which we will
not here detail, Mr. Chase did not deem himself able to
employ the banks under those laws passed by ConTo
gress, which conferred on him borrowing powers.
meet the exigency, Mr. Spanlding proposed a law
authorizing the Secretary to use the check system and
the Clearing House in the disbursements of the Govthe National Government.
This law was passed on August 5th, 1861.
the Treasury to deposit
It authorized the Secretary of
The Commercial and Financial Chronicle
morning, with the
is
that the individual States in the early part of the war
had to raise large sums, by bounty loans and otherwise.
ernment.
day/
the Syndicate were finally
New
THE BANKERS' GAZETTE.
Honey Market,
NO. 594-
11, 1876.
moneys paid on any United States loans
in such solvent
and the said
specie-paying banks as he might select
moneys so deposited were to be " withdrawn for deposit
" with the regular authorized depositories, or for the
;
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Transient advertisements are published at 35 cents per line fer each insertion,
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giveuj as all advertisers must have eqaal opportunities. Special Notices In
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WIIXIAM B.
<c OC, Fablishers,
wnxiAX B. DANA,
79 <c 81 William Street,
YORK.
JOHK s. FLOTD, JB. )
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DANA
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^9 A neat file-cover
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1865, to
date— IS
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:8;i9
is
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—
y^~ A compl'.'te
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for sale at the efllce
Also, one set of Hunt's Merchants'
to 1871— sixty-three volumes.
^F* The Business Department of the Chronicle is represented
Financial Interests in New York City by Mr. Fred. W. Jones.
among
THE FIBST SYSDICATB AND THE TREASURY.
We
have heard so much of
past and future success
about the Syndicate
refunding the public
debt in foreign markets, that it may be interesting at
this moment to look back upon the first Syndicate that
and
its
late
in
was ever formed in this country for the negotiation of
our war debt.
It was organized in New York after
the battle of Bull Run.
On
the suggestion of Mr. Coe,
by which the united banks of this city
might pledge their whole credit and combine their
a'plan was devised
aggregate forces in support of the government.
At our
"payment of public dues as may seem expedient to or
" be directed by the Secretary of the Treasury." The
object of this law was, as we have said, to break the
deadlock in the Treasury, and to permit the Secretary
both to check upon the banks and to use the Clearing-
House facilities in the disbursement of public moneys.
The reform was absolutely necessary to save the Government and to facilitate the operations of the Syndicate. These operations had been paralyzed for practical
purposes by the Sub-Treasury law of 1 846, which required
all moneys paid to the Government to be actually paid
into the Sub-Treasury in specie.
This requirement being
repealed by the new law, the Syndicate was now
free to aid
the Government, and Mr. Secretary
Chase came to this city by way of Annapolis. Many
of our readers will
remember the general excitement
which attended that celebrated crisis in the history of
The United States bonds of 1881 were then
the war.
quoted below 84, 12 per cent Treasury notes were oflFering at 100 in gold, and 11 per cent notes were selling at
101.
The report of Mr. Chase as to the success of his
negotiation is one of the chief features of the Finance
Report of 1861. Turning now to the Clearing House
records of the same transactions, we find that many
preliminary arrangements and conferences with the Congressional committees were needful before the way could
be made clear and the rulings of the Sub-Treasury modified so as to allow the Syndicate to keep its machinery in
operation.
It was well for the country and for the credit
and the manager of the Clearing
House have placed in our hands reports of the proceedings of the Government that these preliminary labors had
at this meeting and at subsequent meetings up to June, been partially completed before the crisis. It was so
request, the chairman
THE CHRONICLE.
462
[November
11, 1876.
severe that tie Treieury must not only hare a large Legal-Tender law, and for the issue of greenbacks,
in cash, but a certainty of a regular prompt would have been postponed, and, perhaps, altogether
'
sum down
To meet
Without dwelling further upon these views
and conjectures, it is enough to recall the fact tbat
banks of Boston and Philadelphia; thus the Syndicate
wielded an aggregate capital of 1120,000,000, an amount
greater than the capital of the Bank of England and the
Bank of France combined. These banks held 63 millions
of coin, of which 50 millions were in New York and over
the Syndicate organized
in
August,
did
1861,
an important work for the country, and succeeded at a perilous, critical moment in saving
the country and its credit from great dangers. Our
principal object, however, in referring to that distant
period in our war finance is to suggest some of the
instalment of three or four millions of dollars a week.
this emergency the Syndicate enlarged its
forces by admitting into its alliance the Clearing House
avoided.
The belief evidence as to the recuperative strength of this country,
Mr. Chase would avail himself of the permis- which may be of service to us in contemplation of the
aiwn granted in the new law to accept the Clearing House much smaller discouragementn that assail the credit of
and the check system, using thus the experience gained the Government in our later and more propitious times.
13 millions in Boston and in Philadelphia.
was that
if
by England and France in their great wars, specie pay- Whichever way we look at the facts just cited, we
ments could be maintained, and the Government could obtain confirmatory evidence to support the view which
be supplied with 3 or 4 millions a week, or even more, for the Cheonicle has for months been insisting upon, that
as long a period as the whole duration of the war. In the demand for our Government bonds in Europe, whaton the 15lh of August, ever may be the result of the elections, is about to
aud four days later they undergo a continuous and permanent, if not a sudden
paid the first instalment of 5 millions, completing the and rapid, improvement.
whole of the payments on the 24th of October following.
Prior to that time a second loan was taken by the Syndi
GEJiERAL PRICES A.ND THE APPaECIiTION OP GOLD.
oate, on the 1st of October, 1861, for 50 millions; and on
Of late we have several times expounded the reasons
the 16th November, 1861, a third loan for 50 millions
for
believing that the depreciation of silver and the
and
banks
these
loans
were
promptly
paid,
the
All
more.
this belief the Syndicate took
1861, a loan of 50
millions,
fulfilled their pledges, so that tie
Syndicate supplied the downward tendency of general prices
Government promptly and efiiciently with the first large
war loan, which it received in regular periodical instal-
result of the appreciation of gold.
ments.
India Government upon
firmation of this view
is
may be
An
in
part the
iuteiesting con-
offered in the
Minute of the
the silver question.
Some
two of these loans were made on three-year extracts from this document have lately been published
Treasury notes bearing 7'30 interest. The last loan was in the London Economist and other English journals.
made on 6 per cent long gold bonds. During the early This minute is remarkable as containing the first oflicial
part of the paymeuts on the first loan everything seemed recognition by any government of the principle we have
to work pretty smoothly, and the Syndicate found that suggested, and which, if true, will tend to an earlier
the gold they paid out came back to their vaults in the elucidation of the silver question than has been in some
course of a week or two, so that their specie reserves quarters anticipated. The subjoined extracts show what
were not severely threatened. In September, however, is the view of the Government of British India on the
some menacing symptoms began to appear. The gold subject:
no longer returned with the same freedom as formerly,
" Tlio divergence now noticeable in the values of gold and
and between August 17, 1861, and January 4, 1865, the silver does not necessarily prove a diminution in the value of
silver.
It may be equally well accounted for by a rise in the
specie reserves of the banks of this city lost 26 millions of value of gold; and, a fact, it is probable that, since the comdollars.
The result is well remembered. The banks mencement of this diversrence in November, 1873, there has Ijeen
an increase in the value of gold, as well as a decrease in the value
were compelled to suspend specie payments December of silver. The actual values, mea.sured in silver, of general com28, 1861. Two days afterwards the Legal- Tender act modities, whelhar in India or in England, afford, aa yet, no evidence of any recent, sudden, or violent fall in the value of silver;
was introduced into the House of Representatives. and, if a priori considerations strongly indicate that silver must
After much discussion and many amendments this law have fallen, such considerations also make it probable that gold
must have risen in value. Appended to this resolution is a series
passed both Houses, and received the approval of Presi- of tables of prices in Loudon and in India, the information condent Lincoln, February 25, 1862. The Clearing House tained in which points to two conclusions: — First, that gold has
risen in value since Marcli, 1873, and especially since last Decemin their report do not attempt to trace out the causes of ber. Secondly, that it is not shown that silver has fallen in
the suspension of [specie payments in 1861 any further value, i. e., as compared with commodities in general, either in
The
first
i
than they attribute
it
to the exhaustion of their specie
reserves, which, as they say,
were absorbed into the
Treasury, so as to be afterwards paid out and dispersed
among
the
community and
to be utterly lost as a basis
for the banking and financial
They do not
reserves
was
tell
us
bow
mechanism of the country.
far the depletion of the specie
and the active process of
hoarding, which
London or in India, during the same period. These conclusions
are open to correction on a wider review of the economical causes
which have been at work during the period; but they appear to
indicate a rise in the value of gold as at least one of the causes
which have disturbed the equilibrium of the two metals. The
bearing of both conclusions upon the questions now before the
Government of India is important."
Several points of interest are here suggested.
first
place
it
is
In the
phenomena which
trouble maybe accounted for by
affirmed
that
all
the
so speedily developed all over the
country have attended the silver
were due to the persistent resolution with which tw,o great economic causes. One of these is the depreMr. Chase during the whole period under review ciation in the value of silver, which has been brought
proceeded with the issue of demand notes. We have about by the disturbance of the old equilibrium between
80 recently discussed this part of the subject that we the supply and the demand. For the first time in many
will not now enter upon it further than to repeat cjnturies there has been a sudden and spasmodic closing
that the more thoroughly we sift the evidence the more up of the old channels for the absorption of silver in
complete does the demonstration appear that but for Europe; accompanied by a similar arrest of the demand
the needless issues of paper money, in the fall of 1S61, for .shipment to the East. The combined influence of
the banks would certainly not have suspended specie these changes has been that the effective demand for
payments in that year, so that the necessity for the silver all over the world has received a check, the dura-
November
11,
TEE CHKONICLE.
lo 6.J
463
!
tion of which can be measured by no certain rule, and is den or violent fall in the price of silver." To support this
consequently open to the most divergent and speculative view they give a series of tables which we hope hereafter
At the same time that the demand has to lay before our readers. It is impossible to over-esticonjectures.
been thus contracted, the supply has been pouring into mate the importance of this link in the chain of evidence
the market with a rapidity unknown before. Now, by set forth by the India Government. Another point of
the familiar economic law which governs all psipes, it like interest is stated to be that so far as there have been
follows that when the supply and the demand suflfer any changes in prices, whether in India or in England,
such disturbance, the price must go down. This is the these changes " make it probable that gold must have
first
the
to
of the two principles suggested as accounting for
It
fall in silver.
it,
ciple,
so familiar that
is
risen in value."
we simply advert lowing
table
is
In support of this
argument the
given to show the prices of
fol-
nineteen
and give the chief prominence to the second prin- commodities in London at two periods, about three years
which is equally familiar, but has for some reason apart. As regards the prices for March, 1873, in the first
received less attention than
requires in this case.
We
column, the rise in gold is supposed not to have fairly
under- started; while in the prices of April, 1876, in the second
stand the precise point raised by the Committee, we column, this movement is supposed to have culminated.
it
the value of
refer to the rise in
To
gold.
must remember that gold is the common standard The table is as follows
by which at present the value of silver is measured.
caaPAIUTITB PUCK IN LOXDOH,
Gold is, as it were, the yard-stick by which the dimensions of the value both of silver and of other com:
modities are gauged.
yard-slick
is
made
is
If
material of which the
the
elastic,
and
is
subject to contract
or expand, every one sees that a fatal irregularity of
measurement must result. And this is precisely what
the Minute of the India Government affirms in regard to
gold.
It affirms that
gold
is
uot only elastic in value,
but has actually changed during the last three years,
when its services have been peculiarly needed for the
measurement of the
fall in
the value of silver.
river Nile, as travellers tell us, there are official
at different distances
on the banks of the
On
the
gauges
graduated by order of the Government to mark the varying
height of the inundanon, day by day, when the river
overflows.
By
the register of these
river,
gauges the
people know the precise height of the river, and can
KABCB,
1878,
IHD
APBtl., 1976.
Jfarch,\en.
US
April,
Eeef, inferior
100
Cofltp
ItO
95-37
B«ef. prime Bms'l
100
101 7«
Sliver, bar
Copper, Ctiili bars
lOO
100
100
89M
town-made
New York
Wheat, American red spring at
Wool, South Down ho^e
Plonr,
11000
SS'tl
8617
&3J0
Flour,
New York
SO'OtS
100
80«
Saltpetre...;
100
8018
Cotton, No. 40 male twist
100
SO-35
81-90
Wh.at
100
Vepper
Sugar, foreign muscovado
100
Cotton, mlddl ng uplands
100
6477
7179
eS'K
103
<i3-43
Coali-,
Hetton
...
WUUend, London
100
Sugar, Miinritins
100
89-03
Str*lts tin
100
49-14
Scotch pig Iron (warrants)
100
4919
official
from these figures that during the three
between March, 1873, and April, 1876, there was
measure of values, performs to the rise and fall of a remarkably uniform fall in prices in London. We
general prices similar functions to those which are have also demonstrated that in this country a similar
performed by these gauges to the rise and fall of fall has been observed. This fact, indeed, has attracted
the
fertilizing
stream of
Lower Egypt.
Now, general attention, apart from its bearing on the appreif
we conceive
that
one
of
these
gauges ciation of gold.' A contemporary who has given much
should become elastic, and contract when the river rises, attention to the subject of prices lately showed that beso that each foot on its scale should lose one-tenth of its tween May 1, 1876, and May 1, 1876, the average decline
proper length, it is easy to see how imperfect and mis- in the prices of breadstuffs in New York was 15 per
regulate their
proceedings
accordingly.
leading this gauge would become.
When
it
years,
indicated a
cent.; in iron,
molasses,
the river would actually have risen
than eleven
really
feet,
and when the
the story of but eighteen
Now, according
feet.
theory referred to above, this
is
to the
the precise analogue of
what has happened in regard to silver. In proportion
as its value has moved one way, the value of the gold
standard has moved the other way, so that when we
read that silver has depreciated twenty per cent we
if we had a better gauge to measure by, that
while the price of silver has fallen, the value of gold
has risen to such a degree that two-thirds of the whole
should find,
due to silver, and one-third to gold. Of course, we
assume these figures not as exact, but for the simple
purpose of illustrating the principle under discussion.
is
judicious inquirer will venture as yet to say
much
14 per cent.; in wool, 12 per cent.; in
24 per cent.;
more
rise of twenty /eet had leather, 20 per cent.;
taken place the mischievous record would tell percent.; in linseed
rise of ten feet
No
It is evident
Gold, as a
of the aggregate fall of silver
the appreciation of gold, and
that an
sulted,
unknown
all
that
is
is
how
to be ascribed to
contended for
is
movement has thus rewhich must be measured hereafter when its sympportion of the
toms become more completely developed.
Another fact of great importance which is set forth
by the Minute ef the India Government, is that no
change of prices has taken place in India such as to lead
to the convici ion that there has been any " recent, sud-
in
43 per cent.;
in
hides, 25 per cent.; in lime,
33
in
tobacco,
oil, 23 per cent.; in rosin, 15 per
whale oil, 14 per cent.; in hay, 11 percent.; in
lard, 18 per cent.; in hops, 48 per cent.; in rice, 13 per
It would be interestcent.; and in cheese, 20 per cent
ing to compare the prices of leading commodities at
several periods during the last five years in Germany,
France and other countries. The evidence derived from
such statistics is, however, limited by the fact that so
many circumstances operate upon the supply and demand of each of the commodities that the statistician has
almost insuperable difficulties to surmount before he can
arrive at the real price of the commodity he is investigating; and when this is accomplished, he is only at the
beginning of his task, for he has still to find out how
much of the disturbance in nominal prices is due to the
disturbance of the standard of value by which these
Whatever we think on the geu,
prices are expressed.
eral question of the appreciation of gold, we must admit
cent.; in
Government of India has conferred a great benefit
upon the community by the conspicuous prominence
which has been accorded in it3 Minute to the evidence
collected, which cannot fail to i)e of importance in the
that the
solution of the silver problem.
..
BAILROAD EAKNINGS IN OCTOBER, AND FROM JANUARY
1
will be noticed
it
that, as a general rule, there is a decrease in the roads located
To
of that.
River, and an increase
this, of course, there are
on the roads west
some exceptions, Chicago
and Alton being the most important. The only two trunK lines
represented in the list Michigan Central and Ohio & Missis-
—
—show
a slight decline in gross earnings as
Bippl
compared
last year.
The great event
New
managers, in
of the
QBOSS HaBNIHaS TOOU liXV..»BT
TO
1.
In the reports of railroad earninga for October
east of the Mississippi
month was the meeting
of railroad
York, and their adjournment without settling
the main point at
issue between them. In regard
from the West.
This gathering of magnates, representing the
:
Debt.
Stock.
Illinois Central
&
Indianap. Bloom.
West.
International & Qt North'n..
Michigan Central
$45,192,356
The following companies have recently
Bost
Clint.
Pitchb.&N. Bedf.
Cleveland Mt. Vernon
Columbus
Kansas
&
Baltimore
&
&
& Chic
Marietta & Cin
Bait. Short Line and Cin.
Total
Net increase
8,001,000
14,000,000
11,000,000
2,000,000
1,000,000
$394,000,000
$314,000,000
& Bait.
railroads directly or incidentally interested,
foot
up an amount almost equally
based on
New
tlip
Philadelphia
whose stock and
The
large.
great
relative distance over each, respectively
York Central stands out
for one uniform price over all the
and claims, in support of its demand, we presume, that it is
able and willing to carry freight as low as any other line. The
Pdunsylvania and Baltimore & Ohio insist on a rate per ton per
mile which will give them the advantage of their shorter distances from Chicago. Thus the matter stands, and as the queslines,
Erie.
St Paul * Sioux City
Sioux City & &t Paul
Clev.
—
above reproach. At all events, let
a fair arbitration be proposed by some of the parties, that the
public may know who declines to submit to that method of
impartial,
and
in all respects
eettiement.
Mt
Vernon
1876.
Atchison Topeka & Santa Fe.
Burlington Cedar Rap & Korth
Cairo
&
St.
Louis*
Canada Southern
Chicago
&
Alton
CUcagoMil.
&
St.
Paul
Cincinnati Lafayette &Chic*.
Columbus & Hocking Vallt-y..
Denver & Rio Grande* .......
Houston A Tex<is Central*.,.,
Illinois Central
Jndianap. Bloom. & West.
Intematianal & Ot. Northern.
Michigan Central
Mo. Kansas & Texas
Ohio & Mississippi
St. L. Alton &T.H. (branches).
St. Louis Iron Mt. & South,
St L. Kans. City & Northern.
Toledo Peoria & Warsaw
Total
Het decrease
&
Delaware.
Paciflc
Louisville Cin.
Lex
Louisville
Nashville
*
&
Mobile cSOhlo.
Nashv. Chattanooga
& Memphis
Philadelphia
& St L
*
Krie
St Paul * Sioux City
SlouiCily cfcSt Paul
!
1875.
Increase.
$i85.000
$199,926
$35,0:4
111,441
138,125
Decrease.
$
24,634
2«,5.55
28,12)
156,986
149,552
7.434
626,403
439,019
37,387
817,5:9
974,282
Total
24.913
28,866
96,155
99,353
••
>
£3,501
20,014
269,670
15,5f4
718,749
816,503
97,768
137,811
137,556
355
160,639
155,865
4,174
647,210
671,874
885,275
805,144
311,679
346,805
3.457
64,79«
$593,451
reported their earnings for Sept.:
1875.
$103,006
ncrease.
$2,476
Decrease.
$
4,941
40,4.'i9
89,381
315,641
115,445
414,831
149,821
117,130
60,110
16,103
841,017
124.689
49,338
27,968
>•
7,141
43,5tO
25,252
6,16T
1,816
13,682
•...•
14,358
•••*>*
729
84,885
4,263
381
4,316
$92,177
$2,033,120
$60,826
1
TO SBPTZHBEB
BEB
SO.
Inc.
1875.
$230,301
$315,626
2,154,821
2,416,05-4
810.496
3,657.670
1,244,091
1,267,962
150,112
2,409,563
409,931
250,615
824,623
3,346.343
1,143,130
137,214
2,462,6S1
347,411
135,784
$12,656,125
$12,343,349
$
Dec
$34,825
281,233
15,868
l,lli4,972
311,314
95,981
102,990
12,963
"
68,181
62.521
64,831
$6^6,455
307,276
$349,179
Neteamlngs
Clev. Mt.
Vernon
1875.
1876.
1875.
& Northern-
& Del.
$90,800
72,059
$li7,928
$ie,"41
$9.36,570
60,433
$831,231
643,725
$57,493
$181,509
$336,684
$40,451
27,413
$2.30,801
$316,626
841,866
609,886
and Br'chs.—
Gross earnioas
Operating expenses
$35,6 '8
24,732
Netearnings
Houston & Texas CentralGross earuings
Operating expenies
$10,786
$3 ^0,253
Gross earnin;;3
Operating expenses
$i3,C43
$293,761
221,713
$59,08(1
$78,761
$1,98.3,347
1,359,140
$1,753,382
1,344,399
145,563
135,653
$174,638
$138,108
$629,207
$113,993
$301,969
$315,641
143,016
143,352
$2,154,821
1,291,39?
$2,416,034
1,2*7,698
$158,943
$173,839
$333,424
$1,128,462
$122,586
73,031
$115,415
68,559
$830,495
591,781
$324,628
640,930
$49,555
$46,836
$233,714
$183,698
$132,828
8i,«99
$147,180
79,215
$1,237,962
7X9,267
$1,164,972
Netearnings
Paducah Sa Memphis-
$48,829
$67,965
$463,695
$393,383
Gross earnings
Operating expenses
$15,374
$13,103
$1-0,172
12,765
10,60)
108,237
$137,814
98,212
8,601
$5,498
$41,935
$3»,Q0a
$319,722
$344,017
1;*5,897
$2,409,563
1.630,788
$3,462 684
158,167
$161,555
$148,150
$728,775
$175,368
Louis Iron Mt. & South.—
Gross earnings
$ J54,914
16?,679
Operating expenses
$333,776
$2,606,017
1,132,793
$1,488,933
169,612
$186,835
$164,161
$1,173,564
$1,043,408
Louts & South Eastern.—
$104,409
Gross earnings
Operating expenses
74,584
$38,676
63,773
$803 454
667,977
$708,699
632,893
$v9,R25
$21,903
$146,477
$76,806
Louisville Cin. Jb
Lex.—
Gross earnings
Operating expeuses
Net earnings
Nashville Chatt. & St.
Gross earnings
L.—
Net earninga
Operating expsnses
Netearnings
7,-1,589
1,687,31(
St.
Net earnings
1,444,581
St.
34,661
80,131
Netearnings
4,136
60,764
67.i51
440,600
383,604
51,996
858,508
263,240
65,268
137,979
m.l67
10,812
5,617,852
$5,659,069
$296,588
$337,796
....
<u,2o:
6 537
.
S88,52»
171,120
441.459
329,788
8,319,439
1878.
1876.
Burlington C. Rapids
Gross e irnings
Operating expenses
3,9)8
.154,106
m
$3.912,8M
....
Philadalphia & Erie—
tfrross earnings
3,197
32,110
225.930
237,272
238,500
The statement below gives the gross earnings, operating expenses and net
earnings for the month of September, and from January 1 to Sept. 30, of all thA
roads that wlil furnish statements for publication:
-September.-Jan. 1 to Sept. 30. -v
574
156,693
182,
986,977
5,48S,629
2.308,653
8,763,277
4oO,344
2,875,527
2.147,539
882.806
$110,432
Netincrease
Operating expenses
OBOSB SARHIHOS IN OCTOBSB.
l,07.3,a80
30,539
31,951
Kansas
Net earnings
demand
2W,347
1376.
that the question be submitted to arbitration for final
settlement the arbitrators to be men of high standing, entirely
regard for
14,8tl
881,707
1,983,700
6,360.0 »
.._.,
$2,035,071
managers are all firm in
magnitude of interests involved and a just
the rights of stock and bond holders would seem to
their views, the
93,319
430,187
.
Net earnings
Kansas Pacific-
tion is one of great importance, and the
8M,144
$41,8r2,l)n
SBOBS Z.ABNIHe9 TBOK JAMCABT
The
?
&
Rome Watertown & Ogdensb,
Paducah
point at issue now, as genfirally understood, is this: Shall the
truuk lines carry bulky freights to the seaboard at the same
price per ton, or shall there be a different price per ton on each
line,
& Memohis
21,0 0,000
This statement is suflBcient to show the immense interests
involved in any question which affects the earnings of these
lines, without taking into consideration the numerous other
bonds would
Paducah
59,000,000
33 000,003
&
Nashville Chait
St Louis..
New Jersey Midland
80,000,000
Bait. Pitts.
Total
A
Moblie&Ohio
69,000,000
17,000,000
$
130,020
l,7Sl
6, .'580,820
85,^18
87,565
301,959
122,586
488,391
175,073
132.828
65.877
15,874
319,722
12$, 954
48.957
32,234
Lanisville Cin
Lex
Louisville
Nashville
S 1,001,000
Ohio
So Del..
Hocking Valley.
Paciflc
38,000,000
13,OCO,000
Decreaa*.
GBOSS BABNINOS IM SSPTIHBBB.
86,000,000
2.5,000,000
31.
Increase.
$342,995
* Three weeks only of October la each ygar.
50,000,000
lt,OJO,000
3,051,777
395,554
3,046,647
2.591,998
1,212,692
ToUI
TO OOTOBXB
3J0,'J77
2,595,9»
..
11, 1876.
1.072,695
219,318
933,514
3,891,673
Net Increase
11,OCO,000
24,000,000
.
St Louis Iron Mt. & South...
SL Louis Kan. City& North'n
Toledo Peoria & Warsaw ....
9,000,000
&1. C
Col. Chic.
.
Mn. Kansas & Texas
Ohio & Mississippi
StL. Alton & T.H.(br'ch«;.
$40,000,000
Lake Shore & Mich. South
Erie
Pennsylvania
United Companies, otN.S.
Pitts. Ft. Wayne & Chic
4,411,817
6,679,139
306,585
315.2 16
2,218,047
6.967.501
1,235,502
1,019,087
6,703,619
.
$89,000,000
&H&rlem
l,4M,7.'il
Chicago & Alton
Chicago Milwaukee & St. P..
ClD. Laf. & Chicago*
Denver & Rio Grande*
Houston & Texas Central*.
1
1875.
;l,188,821
$2,081,816
912,675
818,097
Canada Sonthern.|
.
taking the stock and bonds in round millions, as given in the last
reports, for 1875
& Hudson
1876.
Atchison Top. & banta Fa.
Burlington Cedar R. & North
Cairo & St. Louis*
to freight rates
four main trunk lines to the West, brought together four men
who speak for railroad corporations that control on their main
lines alone, between Chicago or Cincinnati aad the seaboard, some
$708,000,000 of capital. This amount we make up as follows,
H. T. Central
[Norember
.
BiOTEMBER
N. T.
.
THE CHRONICLE
464
with
..
.
.
Paul <fc Sioux CityGross earnings
Operating expenses
St.
Netearnings....
Sionx CTty & St PaulGross earnings
Operating expenses
Netearningf
$19,338
27,047
$409,934
J;9,015
46'J,4i9
$S4-,411
Sr-,854
$19,942
$12,m
$110,505
$63,557
$52,28 (
$:7,968
$230,615
$185,784
19,988
13,208
187, 109
168.818
$11,355
$11,760
$63,806
S22,BM
$48,957
)
The companies
forward to Sept
foUowing lUt have, as
In the
1:
Operating
yet, only
^
_
1876.
UTB.
.»„„,,
»81,322
$32,7»1
4
Rio Grande—
Gro«9carning8
Denyer
e^neee
Sctcamingg
^"^r^.^^n'mT"'!".:.....
OporaUng expennes
Not earning!
Bamlngs and cxpenacs
broaght their flgarea
^.n.
1
to An«. Jl.--,
1873.
187*.
••)«7<u
Ai.nn^o
»'".*;«
S0,8i9
19,13<
lifs.in
*?S'^
\W,fM
$12,493
?13,0S7
$118,065
tB6,0S9
186,128
$80,061
49,771
$7«,0-22
484,186
t7^,t«
63,087
"$43^
~^~m
$240,866
$251,575
41)0.547
of the Eric Railway in An^nst, 1876 and 1875, were as
'<>"<"*"=
1875.
1870.
Ǥ
i^^:;^!r;:::;;;:;:::.v;:;;;:;::-""-"-:!:M
$422,438
$4i8,6T0
Net
ELLISON &
CO.'S
ANNUAL EUROPE.IN COTTON REVIEW.*
{Tear ending
Oct.
\^n.)
\,
of the most didappointing and
TiMatisfactory periods in the recent experience of the cotton
Dulnesa has been the ruling feature of the marlcets
industry.
The past Beagon has been one
everywhere throughout the year demand has all along lagged
behind supply, stocks have been more or less burdensome, and,
with slight interruptions, the course of prices has been constantly
downward. There have been occasional spurts of activity, accompanied by a temporary recovery in values; but these have afforded
but little benefit to the market, while, by raising false hopes and
expectations, they have rather aggravated than ameliorated the
The upshot has been a slow,
feeble condition of the trade.
anxious and, for the most part, unremunerative business; not so
;
disaatrons as in previous seasons, but still so unsatisfactory that
balance sheets, if not exhibiting a loss of more or less importance,
do not show any profit of moment for prices have been considered so safe that even the gains derived in a falling market by
selling for forward delivery have been much smaller than in
previous seasons.
;
COURSE OP THE MARKET, OCT. 1, 1875, TO OCT. 1, 1876.
Our market opened quietly on the 1st October, 1875, with
—
Middling Upland at GJd. per lb. the lowest price touched since
before the American war. The most current opinion was that if
no immediate recovery took place, there was no need to apprehend any very serious decline. The prevalence of this view of
the situation led to rather extensive operations in Manchester
during the first half of October, and to corresponding activity
here, resulting in an advance of |d. to Jd. in American, and ^d.
to Jd. in other descriptions upon the previous lowest sales;
confidence being further strengthened by the receipt of less
glowing crop accounts than those previously at hand. Middling
Upland quoted T^d. on October 14, the highest price of the teason.
Buyers, however, having supplied their wants, declined to follow
the advance, and for the ensuing four weeks the demand fell off,
and prices gave way fully Jd. per lb. This decline, and less
liberal American receipts than had been counted upon, induced
a better demand between the middle of November and the middle
of December; but holders sold so freely that prices did not gain
more than ^d. per lb. for American, while long staples slightly
receded. Then came larger receipts, accompanied by increased
and the general opinion at the close of the old
crop estimates
year was that, if the receipts'did not immediately show a very
marked reduction, crop estimates would be increased, and current views about the course of the market would be materially
;
changed.
These anticipations were fully realized; the receipts kept up,
crop estimates rose to 4^ millions, and people began to talk of 6d.
for Middling Upland as among the certainties of the immediate
Spinners, therefore, purchased sparingly, especially as
they were receiving a large quantity of cotton from week to
future.
week
direct
from the quay; business
in
Manchester was almost
stagnant, owing to the [serious decline in the Indian exchanf;e8,
occasioned by the unexpected fall in the price of silver; and
between December 16 and March 1 prices gave way about Id. per
lb. in American, 1^. in Egyptian, and ^d. to fd. in Brazils and
Surats.
At times the market was quite demoralized, and fears
were entertained that so great a fall would be followed by serious
embarrassments among importers and speculators
bat, as a
matter of fact, nothing alarming happened. Middling Upland
was now easily purchasable at 6d. per lb. on the spot, and at SJd,
landing. This fall to the ideal bottom of the market brought in
buyers, and between the 1st and 6th of March a large business
was done at an advance of id. to |d. per lb. There was then a
;
The extreme interest, this year, of Mr. Ellison's Annual Cotton Review
loads us to devote, to-day, to large a portion of car spai;^ to its pabllcation,—
*
Xd, CBRgNici,!
4H5
THE CHRONKILE
11, 1876.]
Novtm'.er
followed by renewed activity, which contlnaed
Upland was quoted (March 22) 6 9-16d. on tho
slight pause,
until Middling
spot and 6 13-16d. for distant delivery.
respondttd to the advance,
owing
Manchester partially
more
to
satisfactory advices
from the Eastern markets; but the rise in yarns and goods was
considerably less than the advance in cotton, and by the end of
March both markets had become dull and inactive.
From the end of March to the close of the first week in July,
the business doing in both cotton and cotton products was of the
most retail character, and the tendency of prices downwards,
except one week in June, in which the sales reached 73,000 bales,
and prices advanced id. to 3-16d. Besides the interruption to
trade, caused by the depreciation in the value of silver, and the
consequent unsettled state of the Eastern exchaDger, the markets
were adversely influenced by the growing seriousness of affairs
Turkey. With a diminished desire to buy came an increased
desire to sell, and the consequeitce was that prices fell from 6 9-16d
for Middling Upland, on the 22d March, to 6d., on the 20th May
(5Jd. landing), and though there was a reaction of 8-16d. in Juno
the fall recommenced and did not stop until the opening days ol
July, which witnessed 51d. on the spot and 5 9-16d. landing, the
The most desponding view was
lowett prices of the season.
taken of the future short-time meetings were held throughout
the manufacturing districts, and it was doubted whether the decline in cotton would be arrested even at 5id, for Middling
in
;
Upland.
The extreme depression, however, only lasted for a few days,
and as July advanced confidence began to regain strength. During the last ten days of the month orders to a considerable extent
were placed in Manchester, and, as they were taken at very low
prices, spinners at once became very extensive purchasers of the
raw material. The activity continued until the middle of August
pound upon the low sales made
In Manchester, the advance in shirtings
on the previous depressed sales was 4id.[to 7id. per piece, according'io weight, After so large a business and so important an
advance a pause was only natural. During the second half of
resulting in an advance of ^d. per
five
weeks previously.
August the demand was exceedingly small, and prices lost about
There was a slight recovery in
the first week of September, owing to stronger American advices;
but with a reduced demand, a slow market in Miinchester, and
the threatening look of Turkish affairs, the improvement was
more than lost during the subsequent fortnight Middling Upland
half of the advance just quoted.
—
once more induced a large business in
Manchester, and this led to an extensive demand here, the sales
for the last week of the season reaching 87,000 bales, including
The
sinking to 5|d.
fall
75,000 to spinners but the demand was so freely met that prices
did not gain more than l-16d., except low American, which advanced id. Middling Upland closed at 5 15-16d.,— 3-16d. higher
than the lowest, 1 3-16d. lower than the highest, and 13-16d. lower
;
than the opening quotation of the Eeason.
IMPORTS AND STOCKS.
On the last page of our report will be found particulars of the
imports, deliveries, and stocks of cotton, for Great Britain and the
Continent, during the past two seasons. The imports and stocks
of the
1,000'b of bales
whole of Europe compare as follows, in
Import.
American. E. Indian.
Braisil.
:
Egypt'n. Smyrna. W.I.,*c. Total.
1875-76
3,506
1,2-M
402
464
107
113
B,5»
1874-':5
2,653
1,544
668
847
94
170
5,370
117
13
....
14*
Increase
Decrease
Stock, Sept. 36,
553
57
160
324
1876
670
812
162
85
88
1,M«
1875
496
488
107
**_!!_;?
l^
74
....
55
Increase
Decrease
•••
21
••••
••-•
•••
5
66
6
176
DELITERtES FOR SIX SEASONS.
The following is a comparative statement of the deliveries
during the past six seasons, with the weight in pounds
ORBAT BBITAIN.
:
Average Tot. weighty
ponnda-
Sun-
Amer. E. Ind.
Brazil. Egypt, dries. Total, weight.
1875-6
1,848
479
238
298
54
8,017
421
1,»70,«87,0<»
18:4-5
1,605
663
461
245
97
8,077
889-6
1,1P8,888,00»
1813-4
1,701
660
413
255
90
8,149
S94
1,240,706,000
IStJ^a
1,654
737
M9
306
129
8,335
884
1,580,6W,009
1871-»
1,412
658
663
189
155
8,182
860
1,127,5*0.000
iaiO-1
1,925
668
879
241
119
8,228
898
l,S6S,0»4,O0tt
COKTINEHT.
I$75-6
1,184
916
103
166
178
2,668
402
1,086,874,000
1874-8
981
947
154
85
I'l
2,34t
882
891,262,000
1878-4
1,021
874
187
91
196
2.869
877
893,118,00«
I8TS-8
890
790
281
101
181
2,193
366
808,688,000
1871-2.
671
786
298
65
221
1,981
850
6»S,S50,OOC
IJTO^l
1,118
753
212
96
186
2,865
S«0
6S8,7CO,C«
THE (mRONlCLE
4f56
[Norembjr
AU. BCBOrE.
Average Tot.weight
San-
Amer. E. Ind. Brazil Egypt, dries. Total,
817
464
S.ia 1,395
B32
5,570
.18»5-«
weight.
pounds.
412-3 2,296,681,000
386-3 2,093,100,000
France
Spain
Ko. of
Ponnds per
Spindles.
Spindle.
42
210,000,000
525,000
10,096
46
80,600,000
201,250
3,870
800,000
53
44,800,000
112,000
2,154
965,110,000
2412,715
46,899
1874-e
615
a30
271
5,418
1878-4
2.72S
1.SS4
600
876
986
5,518
187*-3
2,544
1,527
740
407
310
5,5-J8
386 7
378-8
1871-2
2,08}
1,384
966
304
.376
6,113
356 1
1.820,870,000
—These figures show an increase of
1870-1
8,043
1,311
691
337
3C5
5,587
3S6 9
2,161,784,000
year's estimated consumption.
2,0?3,W8,000
Tlie average -weekly deliveries in bales were as follows:
1875-8. 1874-5.
1873-4.
1872-3.
Great Bbitaih—
1871-2.
American
37,468
30,885
32,711
31,808
Bast Indian...
87,154
37,019
9,220
12,848
12,692
14.1-;3
12,654
10,731
15,442
15,151
18,154
20,4-J3
14,2.1
68,025
59,173
60,557
64,185
80,231
61,961
American
22,173
18,F65
19,635
17,115
15,904
21,50J
East Indian
17,607
18,212
16,f07
15,192
13,96!
14,481
Otherkinds
8,719
7,942
9,116
9,866
11,231
9,500
Total
Continent—
Total
Grandtotal
The average
49,099
45,019
45,558
43,173
38,096
45.431
107,124
1M,198
106,115
106,303
'mim
mMi
weights for last year have been adjusted in acsord-
ance with the figures published by the Cotton Brokers' Association in December. The average weight of American packages
consumed this year we have taken at 4il lbs., against 439 lbslast year; and of East Indian 380 lbs., against 378 lbs. for Great
Britain, and 807 lbs. against 300 lbs. for the Continent.
The
average weight of Egyptian we take at 003 lbs., of Brazil 100
lbs., and of West Indian, &c., 205 lbs. for both years; of Smyrna
370 lbs. for both years for Great Britain, and 350 lbs. for the
Continent.
CONSUMPTIOJf OF GREAT BRITAIN.
since, we estimated that English spinners held
(in addition to ordinary working stock) about 8,000,000 lbs., or
30,000 bales, of surplus cotton at the mills. They held about the
same surplus at the close of last month, acquired chiefly in the
last week of the month, in which week the deliveries from Liverpool reached 75,000 bales, against an average conBumptlon of
58,000 bales. The deliveries for the season may, therefore, be
taken as representing the actual weight of cotton spun, say
1,270,287,000 lbs., against our estimate of 1,365,000,000 lbs. put
forth a year ago.
Subjoined is a comparative statement of the
weight of cotton delivered, and the estimated weight consumed,
in each of the past four seasons:
Twelve months
Actual Weight
l»'r2-73
Estimated Weight
Surplus
Deficit
Delivered.
Consumed.
Pounds.
Pound?.
1,580,640,000
1,227,453,000
6.3,187,000
1873-74
1,210,706,000
1,259,836,000
]9,-.30,0;0
1874-75
1,198,S38,000
l,224,3rr,0C0
25,539,000
1875-76
1,270,887,000
1,270,287,000
— Leaving
a net surplus of 8,518.000 lbs. at the mills.
It ia
supposed that there were no surplus slocks on hand at the op-ning of 1872-73. The number of »pindles in the United Kingdom
at the end of 1874 was 37,515,000, exclusive of doubling spindles.
From 1,250,000 to 1,500,000 have sinc« been added, anl a large
number of old spindles have been replaced by new.
CONSUMPflON OP THE CONTINENT.
The rate of increase in the consumption of the Coatinent in
A year
prevalent opinion -was that the increase in 1375-76
would not exceed three per cent; but, owing, partly, to the extensive use of American in place of East Indian cotton, and, partly,
1873-74 and 1874-75 was about five per cent per annum.
since, the
to the larger production of the lower counts of yai'n, the increase
has really reached about
five per cent, say about 961,143,000 lbs.,
against 915,375,000 last year.
It is supposed that continental
spinners held no surplus stocks at the close of 1873-73. The
movements
since tnat date are
Actual Weight
Delivered.
shown
Consumed.
Surplus
Pounds,
21,113,009
1873-74
893.113,000
872,000.000
WM-TS
694,a6i,000
915,375,C00
18r5-76
1,026,.374,C00
961,143,000
21,113,C00
65,231,<00
An estimate, based on the consumption per spindle in each
country, brings out a result not materially different from the
foregoing computation:
No. of
Pounds per
Bales of Average
Totsl ponnds. 400 lbs.
per week.
Eosfia and Poland ... 2,50\000
Sweden and Norway... SOJMO
60
65
19,825,000
49,56!
9 3
Oermany
4,650,000
55
235,750,000
039,375
1-2,296
Austria
Swjtaerland
l,566,0CO
104,185,0:0
150,000,000
375,C00
The average consumption per spindle has been ascertained
mostly by dividing the deliveries for consumption for a series of
years (as published by the various governments) by the number of
spindles known to be in exiotence but for Austria, Switzerland,
Spaing and Sweden the averages are the result of actual inquiries
made in each country by our own correspondents. Next year we
;
hope
to
have actual returns
whole Continent.
for the
The num-
ber of spindles for some countries is larger, and for others smaller
than previously published, but they are more correct.
An estimate of stocks, based upon answers to the question,
"Are the stocks of raw cotton at the mills larger or smaller
than twelve months ago, and, if so, to what extent? " gives the
following result: Rusjia, 20,000 to 35,000; Poland, 6,000 to 8,000;
Sweden, &c., 8,000 to 13,000; Gr-rmany (chiefly Alsace, Bavaria
and Prussia), 40,030 to 60,000; Switzerland, 5,000 to 10,000; Holland and Belgium, 2,000 to 3,000; France. 15,000 to 20,000; Italy,
In Spain there is no
5,000 to 10,000; total 101,000 to 149,000.
change of moment. In Austria there is a reduction, say 5,000 to
10,000, showing a net total of 9C,00D to 139,'000, or an average
The
excess of 117,500 bales.
stocks in most cases consist chiefly
of American cotton, in Switzerland mainly of Egyptian.
The
aver-
age weight will, therefore, exceed the 413 lbs. per bale, upon which
the estimates of 148,000 bales and 1.58,000, given above, are based;
and, possibly, a fair estimate of the surplus on the Continent
would be 125,000 to 150,000 bales. In this connection, we may
remark that the stocks of goods in first hands are also rather
larger than a year since though mostly smaller in the hands of
;
We may state that
the foregoing estimates of stocks
held by spinners take no account of the cotton held by French
spinners at Havre, nor of that held by French, German, Swiss,
Russian, and Swedish spinners on shipment and delivery conThe quiutity of cotton so held is considerable, though
tracts.
(except in a few individual iastancss) not so large as at this time
retailers.
jast year.
CONSUMPTION OP THE UNITED STATES.
The quantity of cotton taken by American spinners during the
past season reached the unprecedentedly large total of 1,356,598
This figure was quite 100,000 bales larger than had been
bales.
calculated upon, even
up
to the
day on which the statement was
published, and the result occasioned considerable surprise on both
sides of the Atlantic. The general impression was that the quan-
consumed had been only slightly larger than in the previous
seemed to be justified by the constant
complaints of bad trade uttered by producers during the greater
portion of the past twelve months but, as a matter of fact, the
deliveries showed an increase of nearly 150,000 bales upon those
Allowing for differences in the stocks in the northern
of 1874-5.
interior markets, and deducting the cotton sant to Canada and
that burnt, the deliveries during the past six seasons compare as
follows, according to the New York Financial Chboniclb
tity
season, and this impression
;
:
1870-1.
18TI-2.
18:2-3.
1S73-4.
1874-5.
18TO-6.
1,211,598
.1,008,936
977,540
1,063,465
1,1:7,417
1,062,522
91,J10
IM.OOO
137,602
188.5-26
145,079
Total
145,000
U00,196
l,0-37,540
1,201,127
1,305,94)
1,207,60!
1,356,598
notion twelve months ago was that the small
and depressed trade of 1875,were owing chiefly to over
nroduction during the previous season; but it would now appear
that the difficulty experienced in selling goods in 1874-5, and the
greater part of 1875-6, was owing not so much to an actual reduction in consumption, as to the reduction of stocks in the hands
of distribu'ors, whereby producers were compelled to hold much
This accumulation of stock in the
larger stocks than usual.
bands of producers was palpable and visible, but the reductiof
and the
in the hands of distributors was unknown and unseen
accumulation at the mills was interpreted as the result not of a
shifting of stocks from one set of shoulders to another, bnt of
over-production. By degrees, however, the true position of affairs
was discovered, and the current belief in America now is that
the deliveries of the past season represent the actual consumption
The prevalent
—
Spindle.
According to this computation, the
surplus stock held by spinners at the end of September last was
148,000 bales of 412 lbs.
Pounds,
surplus of 65 231,000 Iba. is equal to 158,000 bales of 412
the average weight of last year's import into the
-whole of Europe.
Spindles.
or
Deftcit
—This
Ibe. each,
lbs.,
about 5^ per cent upon last
The weight of cotton delivered
61,264,000 lbs. more than the above
estimated consumption.
North
South
in the following table:
Estimated Weight
49 6
19,440,000
was 1,020,374,000
1870-1.
11,337
Otherkinds
Total
Average
400 lbs. perwe«k.
1,750,000
1,615
Italy
Bales of
Total pounds.
5,000,009
a,B87
2,133,819,000
11, 1876.
7,212
260,461
5,009
1,850,000
67
25
46,-Zo\C0}
115,635
2,223
Holland
2)0,000
60
1S,800,0}0
34,500
B-Wnm
663
800,003
SO
40,000,000
ICO.OOO
1,'23
deliveries
;
;
for
home requirements and
export.
On this
question, the follow;
:
November 11
THE CHRONICLE.
1876.]
Ing remarks from the Ne ^ York Financial Chronicle, ot Sep.
tember 30th, are exceedingly interesting
"It prcatly surprised ns at flrat to find that thB North had taken 80 much the
past year. Bat, on examiuation, we are couvlnccd that thftru ih no reason for
:
Thcee increased takin^^H do not ncccewirily indicate any increaiie In
yards of cloth mannfactured, hut ruther of heavier weight*. When cotton is
10 to 12 cents per pound, the heavier fabrics t)ecome relatively the cUcapei, and
less of liie waste IS worked i)ack into the cloh.
It sliould he renieinhered,
also, that the export movement for China. Africa, and t^onth America also
runs upon heavy fal>ricB. Besides these cause.-*, further investtj^ation i^hows
the truth of wliat we Ptated in our crop report, that low prices quickly enlarge
the uses of this staple. For instance, in worsted and woolen mills '.here tuis
been a very decided
•xl increase in cotton consumed" the past
two years; and knit
.
>rmerly 80 to 80 per cent wool, arc now almost
goods, which were formerly
al
wholly of
cotton. A corresjjondent.
ident. who is a dealer, writes that in this department
deiK
tlie
Ufe of cotton has' increa'cd 100 per cent.
thns have, in the main, the
grounds for the larKJ takings in the North of cotton this year; and, with continued low prices, thcro is no reason why the requirements should not be further increased the comin;? twelve mouths. These facts are very encouraging
to the cotton grower and also to tlie manufacturer.
In a year of constant
depression and of restricted consumption, the largest qu mtity of cotton ever
used in the country has been taken and useii, and has alt t^jina into consumption; for there are 8ui>stantial!y no slticks of staple goods in first hand-» at the
present time, while manufacturers hold less than (he average stocks of the raw
8nri)ri!*e.
•
"
•
We
material."
The only conclugion
to be
drawn from
this is that
American
spinners will require at least 1,350,000 bales, possibly 1,400,000
upon which we have just entered.
biles, during the season
The number
of spindles in the United States is about 9,500,000
to 9,000,000.
STATE OF THE COTTON INDUSTRY ON THE CONTINENT.
Early in September, we forwarded printed forms, containing the
following list of questions, to correspondents at every cotton port
and cotton manufacturing district on the Continent
1. What has been the character of the trade during th5 past season ?
Has
it been satisf ctory or otherwise f
And what causes have influenced the
..
course of trade ?
2. What is the present state of the trade, and what are the prospects for the
coming season V
8. What per cent of increase has there been in the rate of consumption
daring tne past season, compared with the previous one ?
4. Are the stocks of raw cotton at the mills larger or smaller than they were
twelve months ago
If so, to what extent ?
6. Are the stocks of yams and goods larger than Ihey were twelve months
'i
ago?
.
Q.
What increaee,
conntrj
if
number of
any, bos there been in the
spindles in yonr
?
Two
other questions were added, one asking for official or
number of swindles in existence in
each country, and another asking for the views of our correspondents on any matter of interest to the trade not included in
the aV)ove queries.
other documents giving the
These questions were sent to merchants, brokers, agents, spinand chambers of commerce. Special letters
were also forwarded to the heads of the various government
departments analogous to our Board of Trade, and to Her
Majesty's Secretaries of Embassy, &c., at the various Courts.
A large number of replies have been received from each
country, containing a vast amount of statistical and other information, of which we give below a brief analysis.
We take this opportunity of thanking our numerous correspondents for the prompt and hearty manner in which they have
answered the whole of our questions, and for the important and
interesting statement which, with their valuable assistance, we
are able to publish; and we trust that the perusal of our report
will afford to them as much pleasure as the writing ot it has to
ners, manufacturers,
ourselves.
RUSSIA AND POLAND.
Past Season. Jloderately satisfactory during the first half, but
unfavorble during the second half.
Some loss experienced in
consequence of the fall in prices. Business somewhat restricted,
owing to the poor grain crop of last year, and to the monetary
and financial difficulties and political apprehensions this year.
Nevertheless, on the whole, the industry wag not unprofitable,
spinning paying better tlian weaving and the stocks of goods
have not greatly accumulated. Producers complain more of the
inconvenience of the long credits (mostly 12 months) than of sur-
—
;
plus stocks.
The number
of spindles in Rassia
is
estimated at 2,300,000,
and in Poland 200,000, or a toul of 2,500,000.
Tne number at
work last season was about 2,400,000. The average consumption is about 60 pounds per spindle per annum.
Stock of cotton
at the mills rather larger than last year say about 35,000 bales;
but the surplus is chiefly in St. Petersburg, tbe mills in the Moscow district having, one with another, little more cotton than
twelve months since. Stocks of goods rather larger, but not very
excessive; the surplus, unlike that of raw cotton, exists chiefly
at Moscow.
—
Prospects.
—The outlook
is
unfavorable at the moment, owing
if peace should be pre-
467
imports occasioned by the fall in prices which took place after
the bulk of the purchases was made.
Aside from the inroad
made upon profits by this circumstance, business has been fairly
remunerative.
The good harvest, especially of oats, improved
the
demand
for goods,
particularly as the sales were below
an
average during the previous season. As usual when prices are
low, the better qualities of goods have been in most request.
The tot«l number of spindles in Sweden is about 245,000,
including 25,000 added since January last year. In Norway there
are about 00,000 spindles. The consumption averages 65 lbs. pe'
spindle per annum.
The
stock of cotton at the mills, &c.,
owing
an excessive import, is about 8,000 to 13,000 bales larger thao
last year.
Some of our correspondents say that the stocks of
yarns and goods are smaller than last year, others say that they
are larger; on the whole there is, perhaps, not much change.
Prospeetf. The season closes less favorably than it opened.
Sales have been less easy of late than they were a short time
back, and the outlook is not so good as the retrospect, owing to
the less satisfactory character of the food crops, and the depression in the timber and iron trades leading branches of the Swedish export business.
Moreover, manufacturers are complaining
of the competition of cheap Manchester goods.
to
—
—
GERMANY.
—
Number
is
of Spindles. The total number of spindles in Germany
variously estimated at from 5,000,000 to 5,200,000; but the
shows these figures to be excessive. Abaee
put down for 3,100,000. but 1,650,000 is nearer correct. We
find that there are about 875.000 in Bavaria, 700,000 in all Prussia,
500,000 in Saxony. 350,000 in Baden, 315,000 in Wurtemburg,
and 360,000 in Hanover, Oldenburg, &c.— in all about 8,000,000,
which, added to 1,650,000 in Alsace, gives a total of 4,050,000.
The average consumption for all Germany Is aboat 55 lbs. per
spindle per annum.
Prussia. Past Season. Opened moderately satisfactory, but
result of our inquiries
is
—
—
became worse, and ultimately bad, owing
diminished demand,
yarns and
goods falling more than cotton; English competition at "ridicalotts prices"; Alsatian competition in consequence of mills there
having gone on to lower counts of yarns and coarser goods; Mid
political uneasiness in reference lo Turkish affairs.
The number of spindles in all Prussia is estimated at 6OO,0O&
Improved machinery introduced into many mills.
to 700,000.
Stocks of cotton larger than last year in some mills, smaller in
others net excess about 15,000 bales.
Stocks of yams and goods
to
general stagnation, over-production, fall in prices
—
—
slightly larger.
—
Praspcts. At present dull, but business in general is on a
sounder basis; prices are low; stocks, though larger than last
year, are not excessive; food is cheap; and if the Eastern question
were settled, a brisk trade would promptly follow.
Saxony. Past Season. Unsatisfactory worse from month to
month—owing to general dulness in trade; excessive American
crop, and constant fall in prices; losses on direct impsrts; cheap
offers of goods from Manchester "at prices never known before;"
and political complications in Turkey.
—
The number
—
—
in 1873 was 459,194; sinee
Stocks of cotton at the mills not
larger than last year; possibly a little smaller.
Stocks of goods
smaller in some hands, but decidedly larger in others; on the
whole, greater than twelve months since, but not excessive.
of spindles in
Saxony
increased to about 500,000.
—
Prosp ets. The unfavorable conditions named above still conthough in some cases less active. The low prices favor &
better demand; and Manchester competition is less keen than a
short time back.
A settlement of the Turkish question would be
followed by revived trade and some advance in prices,
Bavaria. Past Season. Not so satisfactory as the previous
season, but, on the whole, not bad, except towards the close, a»
manufacturers were mostly under contract until recently. Of
late, however, the sales have fallen behind production.
The number of spindles in Bavaria is estimated at 875,000,
including 30,000 added this season. Stocks of cotton at the mills
about 10,000 bales larger than last year. Stocks of goods larger
tinue,
—
—
— slightly larger
— Not favorable, owing to supply of goods
around.
being in
excess of demand; but a good trade anticipated, provided peace be
a',
some
mills, but smaller at others
Prospects.
all
to the disturbed state of politics; but,
preserved.
served, a large and profitable trade
Baden. Past Sason. Opened good; afterwards became unfaowing to reduced demand, Erglish competition, general
dulness, and political uneasiness result unsatisfactory tj pro-
demand
goods is certain
unprecedentedly low prices.
the
for
to
is
confidently anticipated, as
be stimulated by the present
SWEDEN AND NORWAY.
Past Season.
—Very
satisfactory, except tbe
—
—
vorable,
—
ducers.
loss iipon ootion
The number
of spindles in the
Grand Duchy
is
estimated at
(Novemb.T U, 1876.
.THE CHRX>NlCLh
468
the mUls rather Bmaller
830,000 to 350,000. Stocks of cotton at
Last year manuthan last year. Stocka of goods rather larger.
month's proone
about
have
they
year
this
had
none;
facturers
duction.
proProtpeett.— Not favorable, owing to the low price which
competition
ducers are compelled to accept in consequence of the
thought that Manof Manchester; but, with settled politics, it is
and that
elsewhere,
products
her
for
chester will find an outlet
uneasiness
the low prices will stimulate demand. There is some
amongst manufacturers, owing to the talk of the import duties on
considered to be more correct than the previous estimate. The
average consumption is about 25 lbs. per spindle per annum.
Stock of cotton rather larger of American, much larger of Egypt5,000
tian, but much smaller of East Indian; altogether perhaps
Stocks of yarns and goods,
to 10,000 bales larger than last year.
which were almost nil twelve months since, are now very large,
is
but the excess consists chiefly of fine yams and goods made from
Egyptian cotton. Stocks of medium and course products no'
very heavy.
Pro«pec<».— With large stocks, a slow demand, fears of increased protective duties in Italy and France, Manchester competicotton goods being reduced.
prices, and disturbed politics, the outlook is
WuRTKMBUBQ.—Part Seaton.—FiTBt half pretty satisfactory; tion at ruinously low
but a settlement of the Turkish question, and
unpromising;
very
prices.
falling
demand,
sluggish
second half unfayorable, owing to
a diversion of the Manchester imports, would lead to a better
English competition, and unsettled politics.
state of things, especially as prices are very low, and the stocks
315,000at
estimated
is
inWurtemburg
The number of spindles
in the hands of retailers in the principal markets small.
larger
o
Stocks of cotton at the mills about the same ai last year;
HOLI^AND.
insignifigoods
of
Stocks
Indian.
East
of
smaller
American, but
cant.
Prospect!.—'So improvement at present visible; but a good trade
certain in the event of the Eastern question being pacifically
settled.
Alb CK.—Pa»l 5«(Mon.— Satisfactory during the first quarter,
but since very unfavorable, owing to miserable trade and finance
in Germany, English competition, and political disquietude in the
General results not very bad, but the season closes flat,
East.
owing to the accumulation of stocks. No increase in spindles,
but more cotton used, owing to increased production of coarser
yarns, and the increased use of American instead of East IndianThe number of spindles in Alsace is variously estimated at from
1,500,000 to 1,750,000. An average of 1,650,000 agrees most
nearly to the official returns. Stock of cotton at the mills one to
Past Season.— Fimi half pretty satisfactory; second half barely
Dividends declared by two mills, 7J per cent and
6 per cent respectively these are said to be fairly representative
Trade with the Dutch East Indies slow. Many manu.
results.
facturers, owing to production being in excess of demand, have
been compelled to consign goods on their own account always
an unsatisfactory way of doing business. The fall in prices has
remunerative.
;
—
occasioned considerable loss to holders and importers of the
raw
material.
of the imports of cotton into Amsterdam and RotterThe number of
pass on to Germany, Switzerland, &c.
spindles in Holland is estimated at 230,000, including about
The average rate of consumption is
10,000 added this year.
about 60 pounds per spindle per annum. The stocks of cotton are
The bulk
dam
three month's consumption (in a few instances still more); the
average excess is at least 25,000 bales. Stocks of goods decidedly
One mill of 30,000 spindles built
larger, especially of printers.
rather larger than last year at some mills, but smaller at others.
The stocks of goods are decidedly larger at the mills, but smaller
during the season.
Prospects.— 'S,o far as the home trade is concerned, the outlook
of retailers
is favorable, as prices are low and stocks in the hands
small ; but the export branch is exceedingly dull, and at the
moment there are no signs of improvement. It is thought, however, that the low prices will, before long, bring about a more
—Little
chance of improvement until the Eastern
and some amendment_takes place in trade and
finance in Germany.
Prospects.
question
is
settled
AUSTBIA.
Past Season.
—Unsatisfactory,
trade, insecurity of credit,
owing to the crippled state of
and general want of confidence more
or less prevalent since the crisis of 1873; the previous over-production and the losses incurred by the constant fall in prices; to
the competition of English products which have been sold at
" ruinously low prices;" to the diminished demand from Hungary
and Oalicia, caused by the deficient grain crops; and to the un-
in the
hands of
distributors.
desirable state of things.
BELOIUM.
Past Season.— On the whole, favorable, though less Satisfactory
of late, owing to sales being less easily made in consequence of
the competition of English goods offered at low prices, which
compels producers to accept less remunerative rates than those to
which they have been accustomed.
by the political disturbances in the East.
The number of spindles in Belgium is estimated at 800,000.
The total number of spindles in Austria is returned as 1,555,000, The average rate of consumption is about 50 pounds per spindle
including about 740,000 in Bohemia, and '500,000 in the Vienna per annum. The stocks of cotton at the mills are rather larger
district. The consumption of cotton was rather less in the Vienna
than twelve months since the stocks of goods are also somedistrict than last season, but about the same in the remainder of what larger.
A large portion of the imports of raw cotton
the Empire. The stock of raw cotton at the mills is about 5,000 passes into Germany, &c.
to 10,00 bales less than at this time last year; but the .stocks of
Prospects.— At the moment they are not brilliant, owing to
goods are somewhat larger.
the depression which exists in most departments of industry,
but, with a
Prospects. There is some difference of opinion in the reports and to the threatening appearance of politics
under this head; but, on the whole, a hopeful view is taken of the settlement of the Eastern question, and the diversion of Manfuture.
Rather more business has been doing during the past chester goods which, it is expected, will follow that event, a
month or so, and though the stocks of goods are larger at some very good trade is calculated upon, especially if prices should
nulls than they were a year since, they are, on the whole, less not materially advance.
than they were a few weeks back while the stocks in the hands
FRANCK.
easiness produced
;
—
;
;
much
smaller than usual. Should the peace
of Europe be preserved, it is expected that the low prices current
will lead to a good trade during the coming season.
About 14,000 spindles idle laat season and 15,000 new spindles
of the retailers are
will
come
into operation in 1S7&-7,
1,530,000 spindles.
lbs.
The average
making a
rate of
about
about 67
total of
consumption
is
per spindle per annum.
Past Season.— Opened favorably, but became less satisfactory
First half of the
as the year advanced, aud closed sluggishly.
season fairly remunerative to producers second half unsatisfacof cheap
tory, owing to diminished demand and the competition
Manchester fabrics, and to the losses on stocks of cotton and
;
goods occasioned by constantly declining prices.
since
Total number of spindles in France in 1874, 4,941,000
Estimated number at work during
increased to about 5,000,000.
per
the past season, 4,750,000. Average consumption, 43 pounds
;
BwrrzEBLAND.
—
Past Season. Very unsatisfactory, owing to the sluggish
demand, the accumulation of stocks, the fall in prices, the ruinous competition of English yarns and goods in Switzerland and
in countries to which Swiss goods are exported; the stagnation
in trade, and consequent reduced expenditure everywhere; and
the fear of a general war arising out of the Eastern question.
The spinners of fine yarns those using Egyptian cotton—have
been especially unfortunate.
The number of spindles in Switzerland is variously estimated
at from 1,800,000 to 2,200,000; but a recent Government count,
made in view of the approaching negotiations for a new Treaty
of Commerce, gives the exact number as 1,854,091, and this figure
—
Stock of cotton at the mills, 15,000 to
stocks of goods rather larger
20,000 bales more thkn last year
than last year, but they were then very small.
Prospects.— Present appearances much less favorable than
twelve months since, especially for weavers. Or^lers on the books
neverrapidly running out new ones coming in very slowly;
spindle per annum.
;
;
theless, current rates for cotton
gin of
profit.
and goods show a moderate mar-
A really satisfactory trade
considered impossible
until English competition is diminished.
SPAIN.
owing to
Past Season.—^0X9 favorable than the previous one,
—
'
November
CHRONICLE
I'HE
11, 1876.]
is worse, and consequently that the avenge
production per acre will be leas this season than last. Taking
reduced acreage and diminished productiveness into account, the
the cesMtlon of tke ciyll war, which has enabled manufactarers
to get xid of their stocks, while the low prices have stimulated
the demand generally and helped producers to make fair profits.
The number of spindles in Spain is variously estimated at
from 1,600,000 to 3,000,000. The balance of evidence Is in favor of
The average conabout 46 lbs. per spindle per annum. The stocks of
cotton at the mills do not materially vary from those of last year.
The stocks of yarns and goods are smaller than last year.
Proapeets.
A cheerful view is taken of the future, and with
good food crops, an increased consumption of cotton goods, at
gets
its
estimates of
between 4,150,000 and 4,350,000;
and altogether 4,350,000 has more adherents than any other
single estimate. To be on the full side, we shall take the yield at
4,350,000 bales. Out of this, American consumers will require
1.400,000 (some authorities say 1,450,000); this will leave
is
—
profitable prices to producers, is confidently expected, especially
no serious advance takes place
in the value
raw
of the
the total yield vary from 4,000,000 to 4,.'>00,000
bales, but the majority range
supplies of cotton from Barcelona.
sumption
if
condition of the crop
which
1,750,000, including 1,550,000 in the province of Catalonia,
469
2,950,000 bales for export to Europe, against 8,353,000 bales
From
we shall probably get more than last season, thoagh
much more, as we commence with 50,000 bales less afloat
India
not very
A
than a year since.
full
IT ALT.
Pa$t Beaton.
—Pretty favorable
at the opening,
but less
satis"
estimate would
l>e
1,850,000
bales,
only an important advance in prices
will bring more.
The last Egyptian crop was a bumper, but a
diminished yield is expected this season, owing to unfavorable
against 1,330,000 last season
material.
;
factory at the close, and.on the whole, not so good as the previous
conditions; the probable deficiency is variously estimated at
season, owing to the poor grain and bad silk crops.
Altogether
spinners have done better than manufacturers; the sale of piece
40,000 to 60,000 bales.
goods having been sluggish of
demand and the competition
which have been
The
total
late, owing to the reduced general
of foreign, chiefly English, fabrics,
offered at very
number
low
prices.
of spindles in Italy
with 30,000 spindles
is
about 800,000.
A
mill
and several
others are about to be commenced.
The consumption averages
58 lbs. per spindle. Stocks at the mills twelve months ago were
greatly reduced; they are now. with a few exceptions, very large,
probably 5,000 to 10,000 bales more than last year. The stocks
of yarns are little, if any, larger than last year. The stocks of
goods are everywhere considerably larger.
is
in course of construction,
—
reduction of 60,000 bales from last
year's import into Europe would leave 414,000, so that 430,000
bales would be a liberal estimate of the arrivals for 1876-77.
The
Brazilian supply
is
gradually dwindling away, owing to the
constant fall in prices; in 1873 the import exceeded 1,000,000;
It is not nnlikely
last season it was only a little over 400,000!
that there is a reserve stock which an advance in prices would
bring out, and as we contemplate some Improvement upon present
rates, we shall estimate the Brazilian import for 1876-7 at 500,000
From
bales.
all
we
other sources
shall
probably get 200,000
bales (against 220,000 last season); say 90,000 from sundry Medi-
terranean ports, and 110,000 from the
A
West
Indies, Peru, &c.
recapitulation of the foregoing gives the following as the
probable import in bales and pounds in 1876-7:
lire
stronger from old mills than from new. Many old mills are
gradually adopting improved machinery. The hope is expressed in
American
Eistlndlan
some quarters that the industry will be helped by increased
duties on the renewal of the various commercial treaties.
Egyptian
Brazilian
Bales.
Weight.
Pounds.
S,9SO,0OO
440
], 293,000,(100
1,350,00)
370
499,500,000
430,000
800
258,000,000
M)0,000
160
80,000,000
90,000
850
31,900,000
10,000
200
32,000,000
Sundry Mediterranean
West
1876-77.
from
A
Proipecti.
Less favorable than a year since, owing to accumu.
lated stocks, slow demand, and foreign competition.
Complaints
KKQUIBEMKNTS FOR
iMt
season.
Indies, Peru,
&c
1
Total
402 7
5,430,000
3,183,000,000
consumption of Great Britain was about
1,224,500,000 lbs., but there was a loss of about 19,500,000 Iba.,
SUPPLY, DEMAND A»D PRICES.
owing to the stoppage of machinery at Oldham, &c., but for
We have shown above that the consumption of Europe in
which the weight of cotton spun would have reached 1,244,000,000 1876-7 will probably reach—
Poonds.
lbs.
The consumption in 1875-76 was 1,270,000,000 lbs., an inGreat Britain
1,297,000,000
crease of 2-1 per cent on the full rate of 1874-75.
A similar For
And (or the Continent
1,003,000,000
In 1874-73, the
would bring the total up to 1,397,000,000 lbs.
the stocks at the mills are insignificant, the whole of this
cotton will be required.
increase in 1876-77
Or a
As
total of
To meet which we have
2,306,000,^00
a supply of
2,183,000,000
Showing a deficit of
123,000,000
The consumption of the Continent during the past three seasons
Deduct the surplus held by Continental Spionen
65,000,000
has shown an annual average increase of about 5 per cent. The
I,eaTe8 a net deficit of
58,000,000
weight spun in 1875-76 was from 961,000,000 to 965,000,000 lbs.
The weight delivered was 1,036,000,000 lbs., or 61.000,000 to or about 145,000 bales of 400 lbs. each. This result comes out
65,000,000 lbs more than the consumption. The average of the upon the basis of an American crop of 4,350,000 bales, and liberal
extreme estimates of consumption was 963,000,000 lbs.
An estimates of- supply trom other quarters. If the American crop
increase of 5 per cent would give 1,011,000,000 lbs. as the prob- should reach 4,500,0000 bales, or 150,000 more than we calculated
able consumption in 1876-77, which, less 63,000,000 lbs. surplus upon, there will be no more cotton than Europe requires to leave
stocks now on hand, would give 948,000,000 lbs. as the require- the stocks in the ports twelve months hence where they are now,
ments for the new season, supposing the stocks at the mills to and no surplus in the hands of spinners. But suppose the Amer-
be reduced to the level of twelve months ago. If we say that
the stocks at the mills are only 61,000,000 lbs., the requirements
In 1876-77 will be 1,013,000,000 lbs., minus 61,000,000 lbs., or
952,000,000 lbs. If the consumption of the past season did not
exceed 961,000,000 lbs., and tlie stocks left on hand reached
65,000,000 lbs.,
the requirements for the
minus 65,000,000
1,009,000,000 lbs.,
lbs.,
new
season will be
or 944,000,000 lbs.
According to the foregoing calculations, therefore, the require-
ments
for
Europe
ican crop, instead of reaching 4,500,000, or even 4,350,000, should
only reach 4,150,000, to say nothing of still smaller figures contemplated by many Southern firms. With dull trade and unsettied politics, our estimated supply, as given above, would probably meet the requirements of the world without necessitating
any serious advance in prices but what would be the effect of a
general revival of trade, and a settlement of the Eastern ques;
tion?
We have indicated the
for 1876-77 are:
For Great Britain
For the Continent (mlnimnm)
1,897,000,000 lbs.
1,009,000,000 lbs.
Les88urplu» stock
€5,000,000 lbs.— Ml,000,000 lbs.
course of prices, and
we
various influencej likely to affect the
shall leave
our readers to draw their
laid before them.
own conclusions from the facts and estimates
An uninterrupted succession of commercial and
financial disasters
—in this country, in
admitted that tlie preient American crop is
smaller than the past one; but there is a wide difference of
America, and on the Continent
has so thoroughly demoralized the public mind, and so completely
soured the disposition of the commercial community, that the
mere suggestion that we are on the eve of a better state of thinf^
is almost universally pooh-poohed; nevertheless, we are strongly
opinion as to the extent of the deficit. The serious error made
in the estimated acreage last year led everyone astray, and there
is, therefore, no confidence in the figures published this year.
disposed to take a hopeful view of the future, and as prices are
very low, and the prospective supply less than the probable
demand, we look for an advance in prices during the course of
Total for Europe (5,60S,500 bales of 400
lbs.
each)
2,S41,OW,000 lbs.
PnOSPECTS OF 8UPPLT.
It is universally
Whatever may have been the extent of the area sown l»st year,
however, aU authorities are agreed that less was put under
cultivation this year, the estimated decrease varying from 1 to 3
per cent.
It is unanimously agreed, also, that the average
since 1872
the season.
ELLISON &
7
BuMFORD Street, Liverpool,
October, 1876.
CO.,
Cotton Brokers.
—
..
THE CHRONICLR
470
STOCKS AND DELIVERIES IN GREAT BRITAIN AND
CONTINEMAL KCBOrE, FOR TEARS ENDING OCT. 1.
LFrom
nlF^BTS,
8 22
00 « w
m.18
_«
IS
—
«5 eo »o 00
C6
*o t- c-(
OD C* «-r i-T
oc
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rt O
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—
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I
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ffi
00
c* do
V
u
s
(
r^
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CD
V
:
ii
Of
S S S 5
to nearly 220,000 quarters.
i
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eo
.
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£
:
:
:
o.
•c
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;
« W «S W
£»a^S
«w
tc
<;
Cateet fHonetarp an& €oinmercmi gitgltali iUtwB
RA-rBSUF 8VCMANGB AT I.ONOOt<r AND ON LONDON
AT LATEST DATES.
kXCHANQE AT LONDON—
OCT.
OK—
AmBterdam
Autwerp
Hambaig
27.
TIMS.
.
3
.
months.
'*
LATEST
DATIi.
e>iOM
SATK.
TIME.
ehort.
12.07
IB 19
!0 3«
"
8 moe.
....
S6.12',g25.22«
3 moGtbs. 26.35 ai5.42J4
*'
"
Frankfort ....
•*
St. PetCTBbnrg
Cadiz
93 days.
Lisbon
Milan
S months.
*'
Qenoa.
"
Saoles
"
Madrid
....
New York....
Rio de Janeiro
Bahia
BnenosAyres..
>••
Valparaiso
;2.t5
30.t4
20.64
a20.68
S«J<®29>i
473<a'i8
27.85
27.85
27.85
47
30 days.
"
Oalcatte
Hong Kong...
Shanghai
.
*•
12.48
2(1.44
It
Oct. 85.
SO. 4!
mos.
3
....
30 13-SJ
....
a27.!)0
®47K
If.
sad.
is.
fy,d
Ss.VmgAOSd.
3».10a,'s.lO>id.
«».n>ia5».iiv<i
to the necessity which exists in that country tor selling
the produce of the soil as quickly as it can be marketed, sent ti8
2,7.58.000 cwt., against 657,759 cwt. in 1874-5, while "other
1,720,310 cwt.
us with 7,088,477 cwt.,
In Indian wheat, a large business
transacted each week, and
it
must be presumed that
is
now
as the sup-
from Calcutta chiefly, continue to increase, the operation of
produce
here
must be attended wiih gome
maiketing
our imDuring the first nine months of
1874,
profit.
wheal from British India amounted to 1,008,844
ports of
cwt.; but, although they declined last year to 459,903 cwt,,
" Other counthey have amounted this year to 2,099,526 cwt.
also, are still sending us very considerable supplier,
the imports from them in the first nine months of last yeaT
having been only 970,956 cwt., while in the same period this year
they have been 2,996,319 cwt. The Board of Trade will evidently
have to f pecify some of these " other countries," as the supplies
tries,"
we
are receiving from
them are important.
which we
one-fifth of our total supply
and the Danubian
receive from Russia
Principalities is a considerable
gap
to
fill
up
;
but in the event of war, which is now regarded as somewhat improbable, there is reason to believe that only a moderate advance
on current values would have the effect of attracting to this
country all that we shall require. In the absence of any compeThis is, of
tition of importance, no anxiety would be produced.
course, on the hypothesis that the war, even if it should take
but sliould there
place, would be confined to Russia & Turkey
be peace, the wheat trade of this country might relapse into a
condition of some depression, as an increased movement has
;
Oct. as.
3 mos.
48.10
Oct. 27. 60 days.
4.83
Sept. 27. 90 days.
24?i
"
Sept. 8.3.
24V
*'
Sept. 14.
49>i-5ig.3714-3fp.
**
Sept. 1.
aex
Sept
....
.
3 mos.
short.
@27.90
aa7.90
Montevideo...
Bombay
25.13
ai2.';o
aao.fib
owing
The
short.
Vienna
Singapore..
Alexandria
EXCHANGE ON LONDON.
12.3>iai2.4
25.37Xia25.<2si
20.61
Paris
Paris
Pernambnco
KATE.
Last season, Russia sent us about 700,000 cwt. more than in 1874-5; but from the XJni'ed States there
was a diminished importation of about 500,000 cwt. Egypt,
plies,
••RE'
<!
estimated that the quantity of
chiefly look forward to.
a against
^«a.
.2
It is
countries," including India, furnished
«
•a
Oct. 28, 18f 8.
wheat now afloat to this country amounts to 1,300,000 quarters,
and there is every reason to believe that an increase will take
place.
The British markets have been improving of late, and
foreign growers have shown an increased desire to market their
produce here on the more favorable terms current. The prospect
of war and the inevitable curtailment of our supplies from the
Black Sea, have not, however, had much influence upon the markets.
We now supply our chronic deficiency, or, rather, our
chronic deficiency is supplied, from so many quarters, millers do
not apprehend that a war between Russia aad Turkey would be
attended by difficulties which could not with comparative ease be
-cO surmounted. Russia and the Danubian Principalities have not,
of late years, been making any rapid progress in the production
of wheat for exportation. The evils attendant to commerce from
a despotic government like that of Russia seem to have had an
adverse effect upon agriculture, and other countries have pashed
S'S
their way forward and have of late been supplying us with our
augmented supplies of foreign grain. In the season, recently
concluded, we imported 53,078,530 cwt. of wheat, of which quango
tity about 11,000,000 cwt., or say one-fifth, were furnished by
Rufsia, Turkey, Wallachia iind Moldavia. In the previous season, however, our imports from foreign countries amounted to
43,981,549 cwt., so that in i875-'6 our receipts from abroad exceeded those of 1874-5 by about 9,500,000 cwt. That increase,
however, was not due to any liberality as regards supplies from
the Unit* d States and Russia, the two countries to which we
o o o
O o o o
o
"^ C CD O
S(?»
"'
S §
« »
W I'
00 c?
OS TO
corre8poadeDt.1
London, Saturday,
magnitude to affect the price of bread. Millers have
been purchasing more readily, and holder?, loth of home-grown
and foreign produce, have been very firm in their demands. The
supplies of English wheat, partly owing to the fact thai the
more needy farmers have met some of their more pressing financial wants, and partly owing to the natural belief that war in the
East would cause prices to rise, have fallen off; but, compared
with last season, a very considerable improvement is indicated,
the increase in the total deliveries having amounted since harvest
I
i-h"
11, 1876.
sufficient
"" " 5
«"
g|
t-
[
own
member
;
'
I? ill
«^
i i
,
I
•«*«
1
otir
If
NotwlthBtandlng that at one period the aspect of the Eag'tern
qaestion was very threatening, the wheat trade has at no time
been characterized by any excitement. There has, however, been
an upward movement in prices but it has not as yet been of
I
^
iis
[
*'
20.
Fept. 14.
Oct. 26.
Cct. 23.
Oct. 19.
Oct. 5.
Sept. 16.
Oct. S.S
6
24X
"
mos.
"
4.7U
1».
ii.8)4d.
'*
is.
**
**
Smos.
SXd.
Vad.
ie. IVrf.
,3».lld.®.3«.li}i<J.
1
96X
already been in progress, and Russia, whose pecuniary needs are
well known, would be anxious to part with considerable quantiSpeculators, as well as bona-fide
of its own produclions.
buyers, are, therefore, extremely cautious, the future being in-
ties
volved in BO much uncertainty.
The harvest in the north of Scotland has, at length, been completed, and great are the complaints. There has been a pro-
:
:
November
tracted period of wet weatUer,
and a large proportioo of the crops
has been garnered in very uoBaligfactor^ condition. The nortbern millers will have, therefore, to make large purcbaaei of dry
grain in order to work up their own damp and inferior produce.
la Eagland the weather has lately been favorable for agricultural operations, ploughing and Bowing having made satisfactory
progress. The contrast with last autumn is, in this 8en8<>, a
cheering one, as field work is likely to be completed under favorable conditions.
The following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvesi, viz.,
from the let September to the close of last week, compared with
the corresponding periods in the three previous years:
UFOBTS.
Wheat
owl.
Barley
Oats
Peas
Boans
IndlanCom
Floor
Wheat
cwl.
Oat*
Pea*
Beana
war,
1875.
1874.
5,'r(ll,745
II.SIOMI
7,S84,7«
2,na8.419
:,773.C31
1S7,750
SBIi.WS
7.7SJ,598
8a3.3i7
1,SM,.M7
8%\n
«.97T,S97
I,Ul,(i34
97,S06
57(1,781
3»,OJ4
J83,0n
3.9S6,16J
2,.V».521
763,235
3,736,178
906,9(M
71.671
1,715
16,321
4,077
114
21,981
14,703
868,568
4.a90
l,6i4,3J3
170,696
2,1J5
10,182
2,341
10J,505
8,8)6
It
the
may
to
add
name
its
to the list of defsnltiog
possibly be remarked that during tbe Crloaean
Government
obligations, but
Russia
of
falSlled
faithfully
its
all
tbe country was then
now, while the expense of
debt
the foreign
of
compared with what it is
war has been very largely augmented. There is also a crisis
financial circles in Russia, for, although the rate of discount
insignificant,
Petersburg
la
at
only 6^ per cent, private discoant is only
obtainable at 12 and 14 per cent per annum. The eflect of war
betweeu Russia and Turkey would be, as tar as the Indian money
market is concerned, to augment its ease. Money would be sent
here for safety, a check to trade and to financial enterprise would
be given, ami little desire to lend, except upon unquestlonabl e
securities, would be evinced bat, as a matter of course, once the
war to assume more serious proportions, a speedy change would
take place. The quotations for money are now n« follows
St.
is
;
1873.
6.S09.8T7
l,46t,799
l,Sl7,9b9
1876.
8,Sl!i
Indian Corn
Floor
:
.
471
were protracted, have
States.
87i,0i)i
145,44!)
i'ercent.
Bank
CO.Ifir
4,511
86,881
1.479
2,27S
7.417
2,703
6,«i9
l.SfiS
816
41.1154
31.429
|
Open-raaritetrawa:
rate
4
80
and eodiys'
bills
I
uoutba' bauk
Percent.
IWitlX
bills
'
Smontha'bsuk
bills
munthii' trade bllle.
4 and
Open-market rates
©IK
months' bills
l)iaiV
The rates of Interest allowed by the Joint stock banlrs
fii,"IX
d
t
8
BXFOBTS.
Barley
:
THE CHRONICLR.
187C]
11,
.
count houses for deposits are subjoined
Joint. stock
and
dib*
Per
fPtit.
:
banks
nlli^l
w
Oiscoanthonsesatcall
DIscoant hoases with 7 days' notice
Oiaconnt houses with 14 days' notice
^y V
MwX
Annexed is astatement showing the present position of the Bank
Bank rate of discount, the price of Consols,
October 31, the sales of wheat in the 150 principal markets ot
the average quotation for English wheat, tbe price of Middling
Eagland and Wales amounted to 43,270 quarters, against 54,330 Upland cotton, of No.
40's Mule twist, fair second quality,
quarters last year.
In the whole Kingdom it is estimated that
and the Bankers' Clearing House return, compared with tbe
The
latest official
return shows that during the
week ending
they were 193,100 quarters, against 217,830 quarters in 1875.
Since harvest, the deliveries In the 150 principal markets have
amounted to 4-50,943 quarters, against 896,104 quarters, while
In the whole Kingdom it is computed that they have been
1,803,800 quarters, against 1,534,420 quarters last season,
show
ing an increase of 219,380 quarters. It is estimated that the
following quantities of wheat and flour have been placed upon
the British markets since harvest
1878.
cwt
Imports of wheat since harvest.... 5,761,745
Imports of floar since harvest
893,2)7
Sales of Kniilish produce
8,:17,0OJ
ToUl
14,771,981
Aventge price of Eueliah
cwt
1874,
cwt.
187-J.
cwt.
7,33t,'745
873,062
78^,435
9,508,300
6,509,9:7
90;,9S8
S,960,i00
16,378.935
932,997
15,453,988
7,U0,iM0
ir9,-;91
62,875
17,831,280
88,574
..14,692,6)1
469. 7d.
wheat....
19,'.50,738
478. 8d.
17,544,700
468. Id.
Dedact exports of wheat and Cour.
Hesnlt
1875.
11,210,551
19,21.3,613
l:2d.
foHT previous years
:
bankpostbills
Public deposits
Other deposits
£
£
£
£
21,144.065
(;,'i2-2,.377
4,248,0:)«
2T,liS6,620
3,615..366
21. 09!. 174
14,041,832
19,114,406
t8.663..3M
3.566.305
21.896,180
13.191.095
19,692,623
28,899,886
5,513,444
29,438.402
17,202.925
16,162,097
£
18,S6M53
Utovernment secarlties.
Other securities
Reserve ot notes and
11,939,3'iO
20,295,; 12
9,058,953
8,455,447
9,596,616
10.641,171
19,853,789
20,013,823
19,452,212
7 p. c.
92«i
21,.34l,331
4 p. c
23.907,001
4 p. c.
3:i,191.S69
i p. c.
468. 8d.
95 <<
459. 9d.
5 I5-16d.
6p.
The following
57i>.
of the mills on the first of November next.
The public sales of Colonial wool will be commenaed on the
31« inst. From 200,000 to 210,000 bales will be brought forward.
Stocks on the Continent are reported to be low, and the somewhat
considerable supplies which were withdrawn from the previous
auctions have been disposed of at an advance of id. to Id. per lb.
It is anticipated that the sales will piss off with considerable
a good foreign, as well as home, demand is looked
forward to.
There has been rather more demand for money during the
week, and the rates of discount show a slight increase of firmness.
The advance in the rates of discount at Berlin and St.
Petersburg has had some >light influence but borrowers here
are lew, and the supply of floating capital is still very considerable.
The trade of the country is perhaps quieter than it was. This is
probably due to the fact that many of the more important purchases of goods for winter consumption have been completed, as
well as to tbe uncertainty which exists on the momentous que?,
tion of peace or war. That those who would be primarily en
gaged in war will hesitate before they take so serious a step is
very probable. War cannot be carried on now except at a great
cost, and even Uussia, which is supposed to be the best off, finds
that her financial position is anything but BatiBfact-)ry. None
of the belligerents would posseiis sufficient credit to raise
money abroad in amounts commensurate with their wants,
and the probability would be that Russia would, if the war
spirit, 83
;
;
l-16d.
lO^d.
82,015,000
10 d.
80,313,000
are the rates of discount at the leading cities
abroad:
Bank
Bank Open
rate, market.
per cent, percent.
Paris
%\
8
3
Amsterdam
Hamburg
....
Berlin
....
Frankfort
Vlennaand Trieste.....
Madrid, Cadiz and Bar
Lisbon and Oporto.
PetersburK
Brussels
Turin, Florence
market
iX
SX
5
4
5
4
4«
and
Rome
Leipzig
4X
4X
6
8
Genoa
Geneva
New York
4
4
3^4
,
Calcutta
Copenhaizen. ..
CoQStaDtlnople...
8
.
6M 9312
St.
Open
rate,
percent, percent.
4«
4«
4«
celo»ia
some
c.
98)i
lid.
9 13'16d.
44i. Id.
60^ Id.
Kid. Upland cotton....
8Xd.
7Xd.
SoAO male twist fair td
IJ. IKd. Is. OMd.
Js. 3}ii.
quality
O.earinjr Uoise return 117.164,000 93,367,000 83,423.000
excellent.
The dispute in the cotton trade was reported to have been
irtually settled, the masters having agreed to re arrange the
Standard list of wages, should it be, on examination, found in
any way to be unfair. It now appears that there is less unanimity, and that there is some probability of a partial stoppage of
18,23i.l75
13,2.56,546
21,451,891
com
Coin and bullion ic
both departments....
Bank-rate
Consols
..
Buslishwheat
1876,
1875.
1874,
1873.
1872.
S(),4!)9,901
Clrcalation, Incladlng
6d.
According fi< the official returns, the quantity of land under
wheat culiivatioa this year was only 2,994,957 acres, against
The crop in this country must, there3,342,481 acres in 1875.
fore, have been a small one, as the yield per acre is almost
generally deficient.
As is well known, the quality of the produce
is
of England, the
Bank return the more important feature is the further
reduction in the supply of bullion. The total supply now held
In the
On the 20th September last^
and .lonsequently there has been a
a diminution of £1,822,600. It is still, however, large, and the
proportion of reserve to liabilities amounts to as much as 55^ per
cent. This is a satisfactory proportion, notwithstanding that
there has been a gradual decline since the 20ih of September
last, on which date it was 63°ll per cent.
There has been a moderate demand for gold for export, and the
The £ol-,
silver market has been firmer at 53^ to 53fd, per ounce.
lowing are tbe current prices for bullion
by the establishment
it
amounted
is
£33,194,869.
to £35,017,539,
(QUOTATIONS FOB BinXIOS.
8.
d.
SOUt.
per o«. standard. 77 9
Bar Gold
Bar Gold, fine
Bar Gold, reflnable
Spanish Doubloons
South American Doubloons
tTnlted Sta'.es Gold Coin
German Gold Coin
Bar Silver, Fine
Bar Silver, con'ng 5 gra. Gold
Jlexican Dollars
Spanish Dollars (Caroios)
MK
peroz
£3 per
d.
8.
a
5
O
Five Franc Pieces
Quicksilver,
©
per oz. standard. 77 9^9 ....
77 10)ia ....
per oz. standard
per oz., last price 75
....
....
per ot.. last price 73 8
per oz. 76 8
7t SAT
per oz. 76 3K® ....
a.
d.
8U.vaB.
oz.,
standard.
5S«
....
per
per oz., standard.
'
••.
per oz., last price. 53
per oz. ...
bottle.
&
&
a
9
®
•
•
....
Discount, 3 per cent.
Tenders were opened at the Bank of England on Wednesday
which £190,000 was allotted to
Tenders on Calcutta at
Calcutta, and £150,000 to Bombay.
Is. 8 9-16d. received in full, while tondeis for telegraphic transfers at Is. 8 9-16d., and for bills at Is. 8iJ., received about 57 per
for £350,000 in bills on India, of
cent,
and above those terms in full.
stock markets have been rather
The
q.uiet,,but,
on the whole, a
^
:
:
THE CHRONICLE
472
firm tone bat prevailed. There aeema to be much more reason to
believe that there -will be no diiturbance of the peace of Earope,
and hence those who had been speculating for the fall have been
Bame time in—
1871
BaKllub market Reports— Per Cable.
Thedall/olosingqaotationainthe markets of London and Liverpool for the past week have been reported by cable, as sh^wn in
Oct.
11, 1876.
Same time In—
1870
1889
1868
$55,113,3*9
29,589,347
68.207.434
63.883,456 11867
58,690,068 1866
4i.i35.4n
$65,856,667
45.0*5.3S0
1675
1814
1878
1872
Rossian stocks exhibit a marked recovery
from the depressed point which had been reached.
closing their accounts.
[November
44,851. -.'10
86,6x8.620
1
same week have
of specie at this port during the
been as follows
The imports
:
the following
summary
—
Lendon Money and Stock Sfnrket. The bullion in the Bank
England has decreased £1,296,000 during the week.
Coniola for money.
.
Bat
Men.
96 t-16
06 5-16
"
acconnt.. 96 1-16 96 5-16
U.8.6a (5-a0s,)'6C(old}:03>i
W3)i
"
"
1887... 109
O.S.KMOi
Tnee.
Wed.
96 5-16
96 6-16
96 5-16
06 E-16
lasi^
109
103K
109
109
108«
lOBK
inSX
102«
Livtrpool Ootton Starktt.
fives at
....
:
d.
Vbbl
Wheat (R.W.«prlng).»cU
Flour (extra Siatc)
"
"
(Red winter)
"
(C.
White
"
club)...
mix.)
Feaa (Oanidlan)
V
V
33
9
9
10
10
25
"98
"
(At. Cal. white)..
Com(n.W.
«S
9
10
3
10
5
qaaiter 25 V
caarter 37
23
9
9
10
10
25
8
3
5
9
B.
B.
23
9
9
10
10
S5
37
8
2
4
6
87
—
Liwrpool Provitions Market.
Bat.
Hon.
d.
75
43
48
53
:
d.
B.
75
43
48
59
6
8
9
3
10
10
2S
87
i
6
B.
71
43
49
£9
6
6
9
8
35
37
9
4
6
Thnr.
d.
B.
6
49
60
d.
f.
72
43
50
60
6
lAverpool Produce Market.
Hon.
Sat.
B.
Vewt.. 5
" (fine)
"
10
Fetroleaia(reflned).
*' ga!
"
(Bpirlts)
Boaln (common).
.
.
. .
.
Tallow(primeCity)..»cwt.
"
(3l0TerBeed(Am.red).,
Spirits turpentine
"
d.
B.
9
6
6
10
10>tf
43
60
27
B.
d.
9
5
9
6
10
1S«
lOH
ie>^
43
50
6
6
18><
£
d.
B.
27
£.
6.
A.
£
8.
58
55
26
S7
6
85
".35 00
26 9
(Biommcrcial anh
00
35
86 9
9
6
19
10
43 6
50
27 C
43
60
6
87
10
6
6
Wed.
Thur.
£ e. d. £ B. d.
£
10
10
Frl,
10
68
58
38
!8
d.
10
19
10«
Frl.
5
b.
d.
58
36
36
MwctWamons HimB,
t.2,901, 037 last week, and |3,776,133 the previous week.
Theexports amount to |4,583,.049 this week, against $6,901,516 last
week and |3,678.46S the previous week. The exports of cotton
the past week were 16,061 bales, against 10,509 bales laet week.
The following are the imports at New York for week endinir (foi
dry goods) Nov. 2, and for the week ending (for general merchandise) Nov. 3
rOaCIGN IKPORTS AT HEW TOBK POB TBS WEBK.
against
:
1875.
$1,022,608
4,013,5-29
1874.
$1,365,393
6,405,638
3,387,ii:3
5,673,510
$5,022 751
339,466,015
$7,771,028
332,185 179
$8,3 0,5-20
28-2,816,541
»7.660,080
38;,8ur,280
$343,188,769
$339,956,8C7
$286,159,061
$-:45.S57,316
1873.
JI,008,2J5
General mercbandiee...
ToUl
for the
week.
Prertooely reported....
Since Jan. 1...
1876.
$I,87>i,570
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports, for the week ending
Nov.
6:
XXPOBTB
Portheweek
FrevlooBly reported....
Since Jan.
1
mOH
JfBW
1873.
$7,129,773
250,359,474
$257,589,247
TOBK
1K)R
1875.
$5,815,133
212,062,359
325,685,961
$250,79-2,839
$217,877,592
$230,219,313
1873.
$4,583,349
will show the exports of specie from the port of
the week ending Nov. 4, 1876. and since the
beginning of the year, with a comparison for the corresponding
date in previous Tears
Oct 31—Str. Acapnico
A§pinw»ll..
American go'd..
$3,650
Hot. 1— Str. Columbus
Havuia
Americau gold..
2.%000
for
.
.
Hot. 1— Str. Scythia..
Liverpool
Mov. 2— Str. Oellert
London
Hov. 4— Str. City of Ricnmond ... Liverpool
Spanish go:d
Gold duBt
Silver bare
Silver bare
6
7
8
9
10
222,000
8S7.OO0
ReceiptB.
>
Cuirency.
Gold.
$693,044 09
$276,177 80
478.938 89
2-29,000
Total
$1,425 000
Balance, Nov. 3
Balance, Nov, 10
TotalBince January 1,187(1..
3-20,640 67
819,245 68
1,013,85169
419,147 47
154,116 25
281,375 32
$3,054,897 57 $4,519,239 46 $2,213,771 62 $4,734,377 19
49,005.524 97 42,857,974 33
60.407.350 92 42,612.936 52
California Railroad Reports.— The RaUicay Age says The
Railroad Commissioners of California are meeting with difficulty
at the outset of their career. They issued very full and elaborate
blank forms of reports to all railroad companies in the State,
requiring them to make thereon their annual report to the Board
At a meeting of the Board,
for the year ending June 30, 1876.
October 18, it was resolved that the reports of the Central Pacific
Railroad Company, Southern Pacific Railroad Company, California Pacific Railroad Company, Amador Branch Railroad Company, Northern Railroad Company, Sacramento Valley Railroad
Company, Placerville & Sacramento Valley Railroad Company,
San Pablo & Tulare Railroad Company, Stockton & Copperopolis
Railroad Company, Stockton & Visalia Railroad Company,
Terminal Railway Ompany " are wholly insufficient and unsatisfactory, and that Messrs. H. H. Haight and S. H. Phillips,
counsel employed by the Board for the purpose, be requested to
institute proceedings on bebalf of this Board, or in the name of
the people of the State, to compel the said companies to make
such reports complete and full."
trustees under the morterage give notice
under the provisions of the mortgage, fifty-four Omaha
Bridge bonds have been drawn for redemption, and will be paid
April 1, 1877, on presentation to Drexel, Morgan & Co., New
York, or the London & San Francisco Bank, London. The numbers of the bonds will be seen by reference to the advertisement
in another column.
that,
Oct. 19, the trustees of the firstmort-
gage restored possession of this road to the company.
Mr. James Buell, President of the United States Life In-
—
surance Company, has issued a notice to policy holders stating
that the lawsuits recently commenced against the Company are
for the purpose of blackmail, and that the Company is " sound
and healthy to the core," and hag a surplus of $800,000. A lithograph copy has been made of the letter sent to policy holders by
the party advertising and requesting them to send their address
and any parties interested can
io " Insurance " box No.
obtain one on application to the Company.
,
—The
St:)nington Steamship Line between
New York and
Providence, Newport and Boston, gives notice in our advertising
columns that the hour of leaving New York, from their pier 27
North River, has been changed to 4 P. M. Particular attention
is also called to the fact that fares have been reduced and
passengers can now go to Boston for the moderate price of $4,
and to Providence for f 3.
—
Mr. Richard Bell, for a number of years one of the agents in
our city for the Bank of Montreal, has retired from business, and
is succeeded by Mr. Walter Watson, formerly agent for the
Merchants' Bank of Canada. The agency of the Bank is now
represented by Mr. Charles F. Smithers and Mr. Walter Watson.
Mr. John J. Caulon, printer and blank book manufacturer, 47
Liberty street, solicits a trial from new customers, as his facilities
are amp^e for the execution of all kinds of book and job printing,
and he gives assurance that no work is allowed to leave his
establishment which is not first class.
131,f00
801
9,000
23,40)
Caliporkia MiNiNa Stocks.—The
niehed by Messrp.
Alpha...'.... 42
16
Belcher
Best & Belc. 43
Caledonia.... 8
California ... 85
Ctol'r Potoei 75
followinc; prices, by telegraph, are f oiN. \ .:
, 36 Wall street,
Savage
IS
33
Justice
Sierra Nev... 11
12
Kentuck
Silver Hill...
25
»
Mexican
Wm. W. Wakeman & Co
Coneol. Vir..
Crown Point.
Eureka Cons.
Gould* Cur.
Hale & Norc.
Imperial ....
60
10
12
$196,550
41.288,166
$41,484,716
'
Ophlr
13
8
Overman
....
48
80
Union Consol
Dividend on California, $2 per share, payable Oct.
15, 1876.
&
Co., 7 Wall at., quote
Sectibitiks.- -Messrs. Forster, Lndlow
State 10s. pens S10-2'/i. ... DaHas lOs. . 80
109
State 7B,Eld S106
68 of 1892
...
S. Ant'io 30b. 85
110
7s,g 30 yrs $107
S90
105
Ids. 1884.. {iCO
lAuBtinlOs
(
1
I
. .
S
With
interest.
lil
Yel. Jacket. IT
3H Ray'd & My. 6X
Texas
Total for the week
PievloUBly reported
$731,909 17
1,7*0,623 38
Election Holiday
882,46116 1096,319 91
963,446 11
505,373 19
1
Currency.
Gold.
$361,285 44
1,174,924 58
635,986 56
1,127,85130
586,423 02
Payments.
.
—
THB WEEK.
1874.
$5,161,211
245,631,598
The following
New York
•%38,000
849.000
4
,
—
Bub-TreaBory.
,
West Wisconsin.-On
—
Imports and Exports for thb Wbbk. The imcorts this
week show »n increase in both dry goods and general
merchandise. The total imports amount to |7,550,080 this week,
Dry goods
14,639,087
6.401,299
2,892,411
9,095,798
Union Pacific—The
90 00 90 009000
0035008500
36 00
26
2b
90009000
Whale
oil
B.
9
6
9
6
ISX'
27
d.
Sperm'oii'..'..* tan.. 90
Llnaeed 0II....V cwt.
d.
5
10
43
60
6
10
10
Tnar.
B.
5
10
lOX
43
50
47
6
I/ondon Produce and Oil Marketi.Men.
Taes.
Bat.
UnB'de'ke(obl).Vtt:.10
58
UBBeed(CalcDtta)
Bilgar(No.l2D<chBtd)
26
onspot, Vcwt
Wed.
s. d.
TneB.
d.
$11,201,528
:
Prl.
d.
73
43
Same time in—
1870
1869
1868
1S67
1865
5.437,861
CuBtom
House
23
9
8
2
$8,587,026
1876.
8,40j,061
8.
23
9
80
60O
6,000
The traaaactlons for the week at the Custom House and SubTreasurv have been as follows:
Frl.
d.
d.
B.
1,
Receipts.
Thnr.
d.
Wed.
Toes.
d.
B.
Pork (W't.mc«8) new ^bbl 7S
Bacon (l.cl.mld.)newVcwt 43 6
«; B
Lard (American) ..."
57 6
Obeege(Amer'n fine) "
d.
s.
1,500
112,119
15,102, 491
.... 6,3-J9.402
cotton.
Wed.
Tnes.
d.
$1,989
8,671,90t
1874. ..
—
s.
.....;
$11,474,383
Nov.
Liverpool Breadstufa Market.
Bat.
Hon,
Rheln.
Silver coin
silver coin
8«van'll«
Silver coin
Port au Prince.. Silver coin
Southampton
Silver coin
Total for the week
PrevloOBlT reported
105K
10S>i
— See special report of
4— Str.
1873
1872
1871
Frankfort were
10JS4
Mexico
Total Bincc Jan.
108X
lOS^
108H
1—
1—
1— Str.Atlas
1875
ia3«i
109
my.
106«
Not.
Nov.
Nov.
Nov.
Str. City of
Str. Etna
Same time in—
Frl.
96 1-16
96 1-16
109)i
108>tf
..106*
106«
mn
HswSs
Tbs quotations tor (Tnited 8tates new
U.S.newflvee
Thnr.
96K
95«
.03«
of
Bremen
VeraCrar
80— Str. Weser
.
!
.
Hovember
:
:
..
THE CHRONICLE
11, IfcTe.J
The range
473
in prices since Jan. 1. 1876,
dass of bonds outstanding Nov.
No
reeeatlr beei< aonoiiiMMHl
OoKraar.
Cleveland
A
Nashua
Waaa
uooaii
oxvaao
F'AaiJi. (Dajre Isclaalve.)
OaiTT.
Railroads.
&
Pittsbargh guar. (quor.).
%
Lowell
I
I
FHIDAT, NOV.
Dec.
Nov.
10,
Nov.
1
-Amoant Nov
1
DIVIDBNDM.
Fbb
and the unonat of each
were as (oUows:
—Since Jan.Highest.
National banks organized during the past ireek.
The roUowInc Dividend* have
1, 1876,
11 to
Dec.
1
6-aOs,
6-SOs,
6-SOs,
5-IOs,
3s, lO-IOs
Ss, 10-408
coup
116'/i
coup.
coup.
1868
186S,
new. .coup.
1867
1868
funded, 1881
4HB, 1891
reg
2|118J^
Mch.
7 121
June
'one
June
. 12Sii
Oct. 16 124!4
OcL
1.-
Coapon.
Registered.
,
tllS,tn.8gM«
7|l2aj« Feb.
» 124X June
II4.WU.»I0
85.658,080
61,979,1!W
91.481,350
15,116,500
Oct.
7 1I9U Jan.
9 lilJK P'eb.
141,860.«»
\Wi
112Ji
110*<
Nov. 9 119 Fkb.
Oct. » 1114 Oct.
2»,65t,T0O
reg. 113
coup
coup
140,6'«.'i(>)
216,201,400
22,«*7,a00
B«.706.(»»
9M.884,4M
coup.
4Hs. 1891
SI.
coup.
Lowest.
115X Oct.
11«X Oct.
110
Nov,
IIIK Oct.
114K Oct.
reg.
1881
1881
Be,
18l
ISTO-V P.
««,
8s,
8*,
6s,
6s,
«s,
6I.6».612
reg. mji Jan.
8iH8 Feb. «
Ballroad
State and
Bond*.—Tlie amount of transactions
tion excitement of Ihe week has overshadowed every other conhas been small, but a decided firmness is shown in the )>rices of
Bideration, and haa interfered with busineeB to an extent almost North Caro'inas, South Carolina consols, Alabama new bonds,
Tbe IHoner IHarket and Financial
81taatlon.
—The elec-
6e,
Cunency
and Louisiana consols. Tennessees are about 11 per cent lower.
For those who think that the Southern State bonds will fall off
again shortly, the present may be a good time to sell. The
$2,381,000 registered consolidated stock of New York City haa
been placed on the Stock Exchange list, under the name of
" New York City 6s 20-508 of 1876 ;" the bonds are redeemable
in 189G, are payable in 1920 and bear annually six per cent currency interest, collectable May and November
Kailroad bonds have been well maintained for most of the
popular issues, while others have yielded in price. Union Pacific
sinking funds sold to-day at 90, Ohio & Mississippi firsts consol.
at 49^, and $35,000 of the same,
exhibit of a philosophical acquiescence in the will of the majority, sinking fund at 90, and seconds
" seller 60," at 46. Kansas Pacific, which defaulted on the half
will add strength to our reputation abroad.
It should confirm
coupon due November 1, 1876, has gone into the hands of a
the idea that so far as our government obligations are concerned, receiver, and bondholders who consented to the funding arrangetbe succession of one party to another can make no difference, ment in 1873, and have allowed net earnings to be applied to payhaving
and that the government to that extent is a unit and here, as in ment of floating debt, are at length disappointed in not
the funding arrangement carried out. This failure, and that of
Europe, while one pany may be crying le roi ett mort, the other the St. Louis & Iron Mountain Railroad, will induce bondholders
je-echoes with double vigor Vive le roi
to make inquiries as to who are the holders of floating debt, what
The local money market still shows a hardening tendency, with rate of interest is paid on it, and why floating debt should not be
The $2,000,000 second
the rates on call at 3^ to 5 per cent, and on prime commercial funded before the interest on bonds.
mortgage gold bonds of the Louisville & Nashville Railroad Compaper, which is very scarce, at 5@6 per cent.
pany have ijeen placed on the Stock Exchange list. The amount
On Thursday the Bank of England report showed a decrease in of second mortgage bonds authorized in 1873 was $4,0JO,00O,
bullion of £1,296,000 during the week, the discount rate remain- but $2,000,000 have since been withdrawn and cancelled.
Closing prices of leading State and Railroad Bonds for three
ing unchanged at 2 per cent.
The Bank of France gained
weeks past, and the range since Jan. 1, have been as follows:
In looking for the immediate effects on our
pending uncertainty and feverish condition of the
public mind, we find that government bonds remain steady, gold
•bout steady, Southern State bonds generally stronger, and speculative stocks weak though tbe latter should rather be attributed
to other causes, as stocks can be but little influenced by the
Tesult of the election, whichever way it may be decided.
When
the present excitement blows over, and the defeated party calmly
ettles down and accepts the situation, we may expect this new
unprecedented.
market of
this
—
;
23,800,000 francs in specie.
The
statement of the
last
issued
New York City
November 4, jhowed a decrease
Clearing- House banks,
of $1,041,275 in the excess
above their 25 per cent, legal reserve, the whole of sucli excess
being $9,942,175, against $10,983,450 the previous week.
The following table shows the changes from the jirevious
week and a comparison with 1875 and 1874
-1876.-
Loans and di«.
Specie
CircoUtion
Net
.
. .
depoBite..
Legal tender!.
1875.
1874.
Nov. 4. Differences.
Oct. 88.
Nov. 6.
Nov. 7.
$259,640,800 J«iO,684,800 Inc.. $813,400 $276,675,800 $285 OM Jub
1S,947,500
17,436,600 Inc.. 1,489,400
13,i45,500
la,5T4 "OO
l.%C"tl,100
15,090,600 Dec.
600
18,039,400
25082900
215,303,000 215,3!t4,900 Inc..
89,900 821,931,200 520.763,900
48,862,000
46,353,800 Dec. 2,608,200
51,314,500
59,461,700
—
Dnlted States Bond*. Government securities have been
remarkably steady, considering the great excitement of the week
and the entire uncertainty prevailing for a time as to which party
will have control of the government after March 4, 1877.
We
have heard of some considerable transactions — among them the
purchase of $1,000,000, or thereabouts, by one or two firms who
were supposed to be buying for some ot our city corporations.
The Bkening Pott Washington correspondent gives the following
•s the facts regarding the Syndicate negotiations
" The whole amount ordered by the Syndicate is $50,000,000.
Of this sum, $30,000,000 have been taken in this country. Of the
remaining $20, 000, 000, there were sent to London, some time ago,
$10,000,000, and of these there have been delivered to the house
of Rothschilds about $2,000,000. Anotner bundle of $10,000,000
has been sent to the financial agent of the United States in London within a few days. The agent, therefore, holds $18,000,000 of
the $20,000,000 sent to Europe."
Closing prices of securities in London have been as follows:
:
U.
V.
8. «e, 8-201!, '86.5, old.,
B. 6e, &-a08. 1867
tr. 8. 5e,
New
1(M0«
Se
Oct.
Not.
Nov.
27.
a.
10.
103X
1084
108>tf
109
108>i
108J4
108X
I
106)<
I
I
I
Range
—Lowest.
103«
lOSJIi
109
107i<Jan..
108X
106X Apr.
Oct
.
106!4
l(Mj< Jan..
I
Int. period.
reg.. Jan.
July.
coup.
..Ian.
May
Called iKinds
4.
i
117J4
A July. 'inx
ft
6.
7.
'invi
118),-
Nov
reg..M8y ANov.'llO •110
1865
coup..May ft Nov. IIOH no
•118
68,6-20«, 1865,a. l...reg..Jan. ft July. 113
(•,6-i0a,1866,n.i..coup..JaD. ft Jolr. 113
113
«B 5-20B, 1865
6e, 6-'i0s,
(8,5-SDb,18«7
5-aOs, 1867
Sa, 6-aOs, 1868.
«, 5-lOs, 18W
6e, l(M0a
6«, 10-40S
(i>,
fm,
5e.
funded, 1881
funded, 1881 ..
.
reg..Jan. &Jnly.*115K 115X
coup...ian. ft July. 116^ 116
•117
reg.. Jan. ft July. 117
•117
coup. .Jan. ft July .•U?
reg .Mar. ft Sept. 118^ •1183<
coup .Mar.ftSept.'llS *115)i
reg. .Quar.— Feb. Iiaj< •113
coup .Quar.— Feb. 118
113V
reg. .Qu«r.— Feb.'lll
•110«
448, 1S91
44i. 1891
coop. .Qa«r.— Feb
Ce, Currency
Jan. ft July. 124,H 124 !<
rei
•This is the price bid;
lid; no
1 ra^ was made at the Board.
July 24
18| 106?,8|
111
June
9
JO, 109>tf Auit. 15
18' 108>i Sept. 28
Closing prices daily have been as follows:
Nov. Nov. Nov. Nov.
(e, 1881
«e, 1881
1, 76.Highest.
since Jan,
,
8
117J4
Nov.
Nov.
9.
10.
117JC
117
•117>i
*1HX 11?X
•llOK •109X
•IIOX 110
•109H
118
•IWJi
11274
113X 113
•1I5;< 'IISV
llSJi
•117
•117
115J<
117
•116V
•1I3X*113S
116Ji
113
llS>i
111
115>i
113
113
•UOX
IIS'4
m
118X
116X
115
m%
113
111
•IMJi 'IMJi •lS4Ji
Oct.
States,
Tennessee 68, old
do
6s, new
North Carolina e-*, old
do 2d series...
long bonds
District of Columbia, 3-65S 1924
do
6s,
Nov.
10.
47
45«
45X
-Kange since Jan.
•44
Mch. 28 51
42
«>H Jan.
49
4
•184 13 June 23 19
•784 764 Jan. *•
•85« •854 32 June 23 46 !<
1064,100
Jan. 3 1064
•694 69
664 Jan. 21 75
•18
•78
•78
•35
ma
69
1,
"76—,
Highest.
Lowest.
3.
46>i
•44X
•164
Virginia 6s, consol
Missouri
Nov.
27.
V
Aug. IS
Aug. 31
Nov. 1
Hept.n
Feb. 26
Sept. 22
Mch. 14
Railroads.
•87
•li;9K
Chic. Burl. &Quincy consol. 78
Chic.
NortUwest'n, cp., gold
95Ji
Chic. M. ft St. P. CODS, s fd, 78
83
•110
Chic. R. I. ftPac. Ist, 7e
•113
Erie Ist, 78, extended
Lake Sh. Mich. So. 2d cons.cp
•105
Michigan Central, consol. 7b.
Sept .15 112^ Mcb. 3
Aug. 26
Jan. 11 111
Jan. 4 1124 Juno 17
Jan. 8 963^ July 18
«5«
Jan. 8 934 June 19
•,W4
•iioy 107X Jan. 3 111!4 June 14
108
Jan. 28 1154 Apr. 7
•95
•96
Sept. 20
Aug. 19 101
May 5 107 Mch. 20
1(12^4
1024
874
Central of N. J. Ist consol.
Central Pacific 1st. 6s, gold
110
112
&
*m\
&
.
•86
71
110>i 104
•11114 107>^
96
S^X
87
79)i
115
•1174 •115
Morris & Essei, 1 st mort
•119
•119
•118
N. Y. Cen. ft Hud. Ist. coup.
90
....
Ohio ft Miss., cons. sink, fund •92X
PittBb. Ft.
Wayne
Chic. Ist. •119
ft
Louis ft Iron Mt.. 1st mort
Union Pacific let, 6s, gold
sinking fund
do
St.
•
Tkis
IS
1064
•91J<
9\\
the price bid: ho fcie was
90
•
made
•
106
4 121
14
Aug. 16
Oct
8 123X Mch. 4
Oct.
4 100!4
June 8
1144 Jan. 111284 AU7. 21
•121
1004
106X
Jan
114
118
.
••
Jan.
95
1)I2U Jan.
4108)11 July
7
Sept. 21
4 107
VI ^ Feb. 21
90« 87K May 20
at the
Board.
Railroad and nilacellaneons Stocks.
— Early in
the week
there was very little done in the stock market, as Tuesday was a
close holiday, and the days before and after were taken up with
Yesterday and to-day there have
discussions about the election.
been more sales, and prices are generally lower throughout the
The St. Paul stocks and Ohio & Miss, have been paractive list.
ticularly weak the former continuing to show a decrease ia
earnings and also having made a considerable increase in bonded
debt during the present year, and the latter showing by its last
report a material increase in floating debt, notwithstanding
the reported increase in groes earnings. It is possible that the
effect of these matters is overestimated in the CJise of both companies, but the public has become exceedingly sensitive as to any
increase in railroad debts during the present unfavorable times.
Lake Shore and Michigan Central have declined further, in the
absence of any hopeful report as to an early advance In freight
must again urge our suggestion of referring the quesrates.
tions at issue between the trunk-line managers to honorable arbitration, as a fair and dignified method of settling their dispute
and doing justice to the property owners, for whom they are
really trustees, in the management of these corporations. At the
close prices were generally weak.
Total sales ot the week in leadin(r stocks were as follows :
—
We
Ohio
Nov.
"
"
"
"
4
6
Lake
ft
Miss.
Shore.
11,825
7,58J
13,700
5,747
7
8.;
.'.
9
10
6,t.75
6,635
Total
Whole stock,
The
30.500
53,150
62,050
8,870
total
the last
.
85,585
200,000
165,147
494.665
Central Mich. Dcl.L. Sl.PanI Northpref. wVtpf,
Union, of N.J. Cent, ft W.
l.ftlO
1,600
8,100
8,800
12685
1,600
9,803
),80J
2,500
—
9,800
29,325
16,600
8.230
5,930
14,150
l.SOO
8,400
8,000
583
2,820
Election Holiday
4,50J
15.60G
978
8,700
10,280
17,7oO
80,400
83,910 16,998 47,5*0 85,610
837,871 105,250 187,382 258,890
of shares of stock outstanding
the purpose of comparison.
number
line, for
Wesf n
18,2-ffi
8,6«3
309
41,833
8 900
122,744 214,841
is
given ia
.
.
...
..
..
..
H
.
dally hifrhegt
Saturday,
and lowest prices have been aa folio wh:
Krlday,
Mondav, TuMdM, Wednea'y, Thursday,
Nov.
'
Nov.
6.
Nov.
At. 4 Pac.prf
At. 4 Pac. Tel.
Central of N.J
C. .Mil. & St. P.
do
do
C.H.I,
pref.
ft Pac.
Col. Chlc.ft I.C
I>«1.4 U. Cunal
Del. L. i. West
Win
10l«
101
•sx
*
Han. & St. Joi
pref.
do
Harlem
....
4
TO
74
•
...
•1S7
.
U.y.Cen.&H.K
Pdnamt
'
Quicksilver..
M.4
Vulon
M
55
102
Adams
Rxp... '107H
American Kx
•ma
.
W9X 'imX
60%
9X
X
60X 60X
UBlted St.ites
'60H 6.3 'XSSX 61
Wells. f'ari:o
S5
S5
•81K 86
• This Is the price bid and asked : no
7
8
23H
•H'A
5
•.... 127
.„ 127
an
13>4
«...
125
125
•.... 13
Sales
of w'k.
Shares
& Pacific pref
Atlantic & PhcWc Telegraph
Central of New Jersey
AUantlc
7
-ny.
108
61)
eo^
•.53
....
85X S5X
do
do
pref.
Cluca!;e Eocli Island
Pacific.
Colambus Chic.
Ind. Cent...
&
Delaware
&
Hud;*on Canal
Itelaware Lack. & Western
Srie
Bannibal
do
<fc
St.
405
Joseph
do
pref....
Illinois Central
Lake Shore
Michigan Central
K. Y. Central & Hudson River.
Ohio & Mississippi
Pacific Mail
Facific of Missouri
80JS Sept.
5Ui Nov.
31^ Sept.
55=aMay
.3,'j,585
9,40.i
I.
Tele;.'raph.
.
17,100
2,:83
83,910
Express
American Express
United States Esprese
Wells. Far?(i
3i/j
A Co
'-}4 120
40V<
51
67!i
83
-i
48%
:ooi<
109%
67X Feb.
6W
Mch.
Jan.
Jan.
120% Jan.
61 Ji Oct.
3
9:
110!i 1-74
106 V 123
135
64!i Oct
23% Mch.
8X Aug.
7
S'i] 18
nyJ 2JH
111^ Feb.
98}i Oct.
12H 35«
say, Jan.
15%
30!4
20 ',
37%
33>i Jan.
14)
Feb,
103Ji
Mch.
m^
68X Jin.
51 Ji
53
.00
65« Mch.
117>i Feb.
24J4 Feb.
39'4 Jan.
Nov.
16H Apr.
Nov.
8
57^ May
74)^ Jan.
63K May
80>i Jan.
390 101 )i Jan.
114
Aug.
71 57
Jan.
67
Feb
110 58
Jan. 26 76V July
240 79
Sept .271 91
Feb.
70% 81%
m
,50
104 )<
65
41% 6)%
71
93
The latest railroad earningrs, and the totals from Jan. 1 to latest
dates, are given below.
The statement includes the gross earnings of ail railroads from which returns can be obtained. The
columns under the heading "Jan. 1 to latest date" furnish the
t(ros3 earnings from Jan. 1, to, and including, the report mentioned
In the second column.
Latest earnings reported
1876.
Atch. Top. A S. Fe .Month of Oct.
{3*5,000
Atlantic -Miss.&Ohio. Mouth of Aug
l.")3,98-i
Baltimore & Ohio. ...Month of Aug... 1,259,143
Bar. C. Rap. & North. Month of Oct....
111,441
Bar.ife Mo.Riv.in Neb.Month of Aug.
64,9-5.5
Cairo & St. Louis.... ad week of Out.
6,035
Canada Southern. .. 4th week of Oct.
40,1-3
Central Pacific
Month of Sept.. 1,886,000
Chicago & Alton
I st week of Nov
84,046
.
.
&
*
&
Chic. Mil.
St. Paul.. Ist week of Nov.
Cm. Lafay.
Chic. . Sd week of Oct.
Clev. Mt. V.
Del. . .Month of Sept.
Col.& Hocking Val.. Month of Oct...
Denver Rio Grande. -M week of Oct..
Hint
Pere Marq .Month of Aug. .
»nnibal
St. Jo . .Month of Sept.
Houston Texas C.w'k end. Oct. 20.
Illinois Central
Month of Oct..
Indianap. Bl. .6 W...liIontU of Oct...
lot. & Gt. Northern...Month of Oct...
Kansas Pacific
Month of Sept.
Louisv. Cin
Lex.. Month of Sept..
iouisville
Nashv. .Month of Sept..
Michigan Central
Month of Oct...
Mo. Kansas* Texas. Month of Oct ..
Mobile
Ohio
Month of Sept..
Nashv. Chatt.&St.L. Month of Sept..
Mew crs-y Midland. Month of Sept..
Ohio
Mississippi ..Month of Oct ..
Padacah .t: Memphis. Month of Sept..
Philadelphia
Erie Month of Sept..
KoineWntert'n A Og.Month of Sept..
Sl.UA.&T H.(brch8.) Month of Oct...
St. L. I. Mt. &South. Month of Oct ..
St. L. K. C'.A North'n.lst week of Nov.
St. L.
Southeastern.2d week of Oct.
St Paul 8. City, Ac.Month of Sept.
Tol.Peoria&Wnrsaw. Month of Oct.
Tol. Wab. ,& West.. Month of Sept..
&
&
&
&
.
.
.
&
A
*
&
&
&
&
.
The Gold Market._Gold
181,000
8,3<1
35,518
96,155
8,3(4
84,486
183,000
92,198
718,i'40
1'37,811
160,619
801,959
122 586
498.391
617,210
335,275
1:6,073
132,828
65,377
311,679
15,374
319,72J
128 951
,
1875.
Jan.
1
to latest da*e
1876.
1875.
$199,936 $2,031,816 $1,188,831
140 2!4
1,216,122
942,67) 1,072.695
4-6,480
72,347
365,3:2
8,166
218,037
219,B18
36.626 l.«3,7:ll
9:)3,544
1,567,622 13,143,166 12,567,044
99,807 4,293,883 3,991.480
3i',n2 6,860,13!) 6,S10,992
9,258
3 6,5S6
,320 977
411,459
230,'K)1
315,626
9\352
11.5,445
444,832
671.8^4
305,144
149,621
1«7,180
60,210
34-5,805
16,103
3«,047
.S15,216
63i.';91
1,397,169
3.218,047
5,967,511
1,253,603
!,019,087
231,707
6-3,341
1.1H6,.580
m,7M
f.7..3.51
3S8.604
51,094
31,743
7 ,305
127,167
411, •2b2
31.'.179
I,5£d,7tS
1,5;5,440
1,0:4,868
10)% 109% 110% 109%
109% 109% :io% 109%
f!O5,61O,0O0
115,595,00
1,337,92!
1,530,133
109%
115
and
are the quotations in gold for foreign
11:
@ $43 88
@ 92
@ 4 80
® 4 03
J; 16 85
@ 15 75
1
SA
— 9'i4® — 92
Large silver, %8&%8 — 91%@ — 92
Five francs
—92 ® — 95
— 93 @ — 94
Mexican dollars.
English silver
4 75 @ 4 85
Prussian silv. thalers — 69 @ — 71
TradodoUars
—91 ® — 93
Dimes
I
I
&
half dimes.
.
...
I
I
18
par®!iprem.
Exchange. —Foreign exchange has been dull and weak. There
but little demaud from any quarter, and the volume of trans-
actions is exceedingly small.
On actual business the rates this
afternoon are about 4.81J for GO days' sterling, and 4.83} for
demand.
Quotations are as follows:
—Nov.
4 S3
4.82
@4.e3H
4 81
©4.82
5.2)
6.23
5.20
(as. 17%
@4 81 ^5
@4 81%
5.-.!3',;@5.-i0
.79
(francs)
6.23%®3.SJ
(fra-ics)
Amsterdam
Hamburg
(reichmarks) ....
Frankfort (reichm-irka)
Bremen
@5.17%
(as.iTK
(guilders)
..
94
91
94
94
.
(reichm-irks)
Berlin (reichmarks)
Mew Kork
®
(a
a
@
91%
91%
MJi
94%
@
@
&
®
96
93
96
95
93%
96%
95%
95%
City Baak»._Tlie following siaiomenl BhowB
Banks of New York Citv for the
commencement of business on Nov. 4, 1876:
the condition of the Associated
week ending
at the
-AVBBAGK AMOUNT OP-
Loans and
Bamks.
New rork
Capital.
Discounts.
|3,U00,0OC
jlanhattanOo
Merchants'
UeChanlcs'
Union
America
Phosnll
City
Tradesmen's
Fulton
Chemical
Merchants' Exch...
2,050.00*;
3,000,000
2,000,OOC
1,500,000
3,000,000
1,800,000
1,000,000
1,000, 300
600,000
7.S3!,7inJ
e.iJl.fiOO
aallatm. National..
Butcliors'&DroverB'
Mechanlcs&Traders
Sreenwlch
Leather Manuf
Seventh Ward....
State of N.York..
imerlcan ExcU'ge.
5,000,000
10,000,000
1,000,000
1,000,000
422.700
Commerce
Broadway
Mercantile
Pacific
96.i.;i'0
4.:-!7,500
1S0,W»
rnT,300
2.409 .500
3:9.100
3.061,100
9,211.300
1,»;7,000
5,6;-! ,500
1,661,700
2:1,00c
Citizens
Nassau
Market
Jt. Nicholas
Shoe and L.-ather.
Corn Exchange
Continental
Oriental
Marine
Importers'* Trad'ra
Park
Mech. Bank'gAsBO.
Bast Itlver.
Manufact'rs'A Mer.
Fourth National
,
fifSi.-'CO
;l',7iiO.'JOl'
20.69 .900
5,U1.5ilO
1,30^-1.700
251,.w
24l.lro
16.1,4
1.080.6(10
76,1,500
235.000
SS.ICO
S3,9J0
663.000
6ii,100
15-.9J0
3)(..OO0
2.53).iU0
190.200
li7.3uo
i;.70O
32 ,700
?,0'j5,1CO
11J,.^00
i,.si:.3i:(i
2.2.0
53.3(0
2.37).3-.«
i9i.iu0
51O.9U0
S.-O,?*
asi.ioo
776,600
J,.in,2)0
V139
1,U8.700
5-W.lioO
4 -'8.5(10
2.2 6,S|)U
2.1J3,7.(;
3^1.000
!,3;2.O00
405.800
216.i00
1.693,900
:. 920.6,0
?,<^2.<I10
3,i.'i.aoo
14,073,00(1
:.4n).C0
1 .;2I.40;
2.163.-H0
1,000,001)
i.aOU.iOl.
52.100
23.2KI
115.600
100.0,
2.l);-0,700
i.oco.oor
1,000.000
1,000.00c
2.1M.7I0
60.501)
191,100
3.s:;.ou)
3.013.0.0
564.7j(l
1,500,00(1
3.172,7i)0
IJt.l C
60.9 11
:9.2
?8l,4|.o
2,6 ij, loo
601.DO0
6 i7.(H)
•2.817.1U0
300,000
400.000
1.3S!.4vO
1.6i:,3l0
15 9,3,510
5.30(1
191,5iiu
119,700
62;.S00
726.! 00
/43.30C
S,959,500
2,IST Sue
i31.?u0
147.000
164 .70C
159.SCO
116 7.10
(3,100
Wl.OilC
921,100
6.'2lXI
197.601)
l.-OO
2,^0*,6!53
l.lo-'.-HO
I,:48.i3)
1,161,972
Bowery National
New yorkCo.Nat..
Qerman American.
OryOoods
•250,PCr
1,214.0!)1
l,2a7.9^)2
200,000
1,207.61X1
ifi3 ..50J
1,6JS,000
5,oti.:ui
5.2»i.6U0
5.771,7(0
1,1)1.510
300,001'
1.500,CCC
500,000
1,000,00
l.M.S C
1,000,000
1,000.000
26.3
1,500
H.'JiO
7)9,IW
fl
9.99-f,i'i9
3.M)
169.100
698.300
7ul.C0Q
4.800
6C0.3J0
4,000
I.861.60O
1.151.900
1.609,600
16.3 3,006
227) .200
473,100
60,(00
3i2,2i»
;2,76'..-30C
861.400
611,600
7b8.4(X)
656.700
62,M0
8i-7.1i«
ri,216.7oc
6,7S(,O00
I J) 7.000
l,U)j.(i0O
s;,,)U)
1.6 3.000
."90.('00
4S.00O
»6.'d'd
1,350,7
4 9-.1.0,C
5,964.000
121.214)
2,601.300
8,21(1,3
470.000
!,l«l.*10
1,'19.6C0
21,-00
k 29 .900
3,100
5,100
I.93i.2j0
i;8,4J5J!O0 1260.681 2
292,556
90.000
18,000
133,C0a
1.9-39.0011
-i.6S6.7l».
278,.!
ls.7Ja.-1
?,:15.II01.
5,000,001
4000,000
.
4S6',(W
272,400
6,500
-,•,151,9,0
J.OCC.COl
6or,oi'o
l.UOO.POC
1,
45.««
314.000
2,712.600
3S9,400
45,000
•l.nJl.OoO
5 -.,7
lOlttlf.SJl)
486.700
1C9.0GO
193.700
2.700
241.300
36.200
979,91)0
S.O:6.stO
2.169,OJO
i:.3ou
44ii,ai!a
711,100
8,105,000
7.110.1C0
2 '6S.1W
89 1.60c
H6,S0O
,-«0
'i',166
<.S33,500
3,211,2(0
1,590.3)0
1,335,000
cOt.lUO
2si.2O0
26,(W
l.s-2,9-J0
500,000
550.000
Total
•iSl.'ilO
637.100
2.37 '.WO
iC ,400
51,000
l.lt>7.lllO
500,000
300,000
400,000
350,000
300.000
North River
1,71'9,000
299,S0ll
lJl',600
129,30.1
50.3'.0
8,f91,0C0
1,500.000
2,000,000
(Jrocers'
236 030
1.1.(9,7
l.bl 3.000
1,S93.400
450.000
412,500
1.000,000
1. 000.000
SOO.OOU
...
231 300
i69.50O
Chatham.
America
Hanover
e.ra.soo
ai-i.soo
;l,o4
CTOrth
|2B.roo
9.5O0
00
1,273.S.<;
2,000,(X)0
[rvlng
iCO
S.7i0,<''0
2,'.00.«
Republic
People's
1,08^,
Circulation.
|ii.o;8,o<«
5.37i.700
ij-sjoo
3,>-9s,30C
8(!0.liOJ
.
34s ,31X1
814,110
5.!20.400
3,1P3.4)C
l.M .:0U
»,') :i.«0
3.612.500
1,000.000
1,500,000
500,000
600,000
200.000
600,000
300,000
»1,2I9,0
(2.6..-J.i'0O
7.53l.-^00
300,001'
Legal
Net
Tenders, Deposits.
Specie.
|il,li5.6
N.r.NaOonal Bxch.
Tenth National
2,763.277
187,214
2,463,694
3 days.
4.81
4.8)
Paris (francs)
Swiss
3,3(6,316
5,482.629
478, :» 3
!
4.83i4@4.84
Antwerp
82l,6-i8
3,0 -.1,777
160.172
2,409,563
-
4.8lVi@4.83
@4.80
o.33%@5.80
8:»,496
3,657.670
5.703,619
2,5)6,93)
l,07i,:MO
983,977
8,418,054
10
60 days.
Prime bankers' sterling bills on London
Good bankers' and prime commiircial
Good commercial
Documentary commercial.
Central National...
Second National
Ninth National. ...
First National
Third National
2,1.54.821
1
lUMD
232500
90.003
49.40U
9O.O0U
450.000
2-U,000
180,000
»77.U0
2U.iUll
227,000
1,"«.70U
S21.(t:0
1.118.100
3US.300
2-6 78.000
1.312,800
l-6).0UO
32!,'.0O
«17.)36.60C »4S.353,6'J0 I213,S92.!I») »15.O90.«0O
The deviations from the returns of the previoas week
are aa
foUowB
lie HIS 400
395 534
48'',3i4
Lioans
3,046,647
2,638,611
867,587
-3,873,5-.J7
Specie
2,1'J8,H.33
UeialTendert
660,5.50
1,313,598
756.466
533 194
8i3,806
closed on the day before election
at 109f, and all the excitement which has since followed has not
advanced it beyond i per cent, viz., to llOJ on Wednesday.
Further shipments of gold and silver have been made from Lou
don to this city, and although these shipments may not be in
th-mselves of great volume, they exert a considerable influence
sliowing that the course of trade continues to be such as to
»llow them at a profit, On gold loans to-day the rates were 2 to
^
940,4li7
$4 84
.
1.993,701)
6.-350,0:0
124.68!)
44>,6
64,643
27,365
81,241
137.979
l,:i06,060
1.3)4,843
10
coin:
Metropolitan
1:56,13)
6,134
82,734
155,r00
92.472
816,508
137,556
ir 5,865
315,641
l,5n,18»
1,380,000
17.770,i;0
30,563,001'
Finegoldbarg
is
13,953,000
29,455.00(
113
The following
Gold.
Jl, 166.283 $1,378,9<8
H
io;%
55
ilO% 173
13
35
13
27
19% 45
3!4 3i,'i;
36
83 'i
Feb.
3:5
80%
«i^
r>i
140
May
30)4 Feb.
3o>i Mch.
% June
13^
lOfi
14% 3:%
30% 45H
Mch.
16
. .
Balances.
«
iCurrencT.
.
Klec tion Holida y-
l-}9!^
I
84 'i Mch.
45J4 Feb.
400
I'/j Sept.
100 135
Oct.
320 12
Aug.
12% Oct.
22,'-, Jan.
^Quicksilver
M'ntain & South'n.
Kan. City & North, pf.
Toledo Wabash & Western..
Nov.
20
600 10>i Aug.
900 18Ji Aug
200 130^ Jan.
550 79
Oct.
165,14;
483i Sept.
47,.!20 345^ Sept.
2,0.39 96
Sept
Panama
Vnion Pacific
Western Union
Sept.
11, 1876,
.
Highest.
7
Jan.
23
Feb.
1035< Feb.
46% Feb.
U)i May
16,!.9i
1.484
85,610
9,800
Harlem
»t. Louis
St. Louis
Lowest.
31,490
41.a33
3,800
8,900
3,7*9
300
1
:
10-)%
Fine silver bars
Win
— 1875.-^
Low. High
1876, to date.-
1
.
109% 110%
1091/, 109 -s 109%
109% 103% 103%
118
59« 59«
6X
K
Total
Clearings.
$13,8-5.00
109% 109 V 10.1% 109%
Current week. ...
Pievioas week
January 1 to date
American
-Quotations.
Op'n Low. High ClOB.
109% 109%
109% 1C9% '""'
71
7X
...
Whole y'r.
Jan.
1
.
Chicago Mil. & St. Paul
do
do
pref..
Chicago & Northwestern
&
—
Nov. 4
"
6
"
Tuesday.
7
Wednesday, **
8
"
Thursdiiy,
9
"
Friday,
10
Saturday,
.Monday.
Napoleons
3 85
XXReiclimarks.... 4 73
XGuilders
3 95
"Spanish Doubloons. 16 00
Mexican D.ubUons 15 50
IIX
13H
5X
'7H
[Noyember
Sovereigns
mle was made at toe Board.
Total sales this week, and the range lu prices since Jan.
were as follows:
Adams
7
Customs receipts
3 per cent for carrying, and flat for borrowing.
of the week were $1,435,000.
The following table will show the course of gold and operations of the Oold Exchange Bank each day of the past week:
lOlX lOlX
SX
24X
60
59>i 59H
72%
72)i 7S5<
71
107
107
•107)^ 109
"eOX 61
•60>i 61
53
59
•58X ....
•81
•Six 86
....
109X
10>i
13
51X 65X
41 X 43X
45
1U2>«
a
•4
i%
'iii
7i^ 7SX
5li|)«
43)4
59X
704 78«
4
71
2r>K
24K 21X
•136
139
139
82
81
81
12K
W..
ft
Pacific.
•West. Un. Tel.
101 >i
•3X
70
25
St.L.AK.C.pf
T. Wat),
59
58
lOOW
137
•....
.
S.
21K
51X 52H
35X 36K
27
7X
i%
ISX
35
1S9
•U% •MX
racllicof Mo.
15*4
32X
13
103
108
-
.
1.
-
1
.
,
20
73X
lOX lOX
14X
«hlo&
M1B3...
Pacltlc Mall
10.
•It
82K 82>i
56« 57J(;
45H 1«X
Shore
Bllcttlgan Cent
...
n
MX
•....
S). Central....
.
101
•
\0% lOX
»rle
SS**
23;,
SIX SIX
85X 37l2
58X 59Ji
5tK S3;«
87K S8X
60S 61H
;01X
Nov.
0.
15X 15X
^x
20
24^
!»)<
pref.
l,alce
Nov.
8.
•isx i'M
Clilc.AKorth.
Bt. L.
.
TME aSEJOmOLK
474
The
:
,
..Inc.
..De:.
The following are the
Loans.
Aug. 5 ...
Aug. 12 ..
An3. 19...
AUi. -26 ..
252 756 300
Sept, 2 ..
Sept. 9...
^5^,821.5011
258,43;,!.
260,630. V) I
i61,8li,0.iO
26^,1 3,900
26 1.3 '3.300
2S-i.7i4.300
Sep
,
16,.
Sept. 2)..
8c|)t. 10.
Oct 7....
Oct.U...
Oct. 21...
Oct.28. ..
Nov.
;...
2r)3,07..8')0
253,33).400
2
4.< I3.4i:0
-.61,968 7.10
^^t 84 eOO
260 084 mo
I
1
2.')03,2.iO
NetDepoalM.
Circulation....
1,159. .00
totals for a series of
Specie.
20,l'J6.0OO
21."9.>.000
19.87 1.40O
20.916.,)U0
2i.\i!:im
22,778.400
ai.i'i.ino
13.8)7, PKI
15.4 iiV2 )0
19,IS9.210
13.317,3)0
17 616 610
r. 91121(1
17436.600
Legal
Tenders.
60 3H.,iOU
5J.68 !,-J0)
5i,5»l,:»0
56,939.0.0
,i7,7*l60U
67.5 9 000
59.'ii3.inn
37.6 i9 9 in
r6,75!.2lO
.18.3?" 6 )0
50.66
Inc.
{39,'iC«
Dec.
5)0
1
..,500
4i,;r2in
48 861 10
46,333.300
weeks past
Circu-
DenoBlts.
2-26.
179 .800
2i-,=15 1)0
2i6.(iC6.600
2 6.512 900
22i.59i.001
',131,059,500
a3l-lJj.I00
23i.«33,4IO
227 3^.5 Kl
,^26.(Ki.".00
22;,9!5.il00
.2;.21S.'2O0
Aggregate
lation.
Clearlne*.
13.007 6 «.
15,^73,903
14.714,600
311,953 93;
11.6 If
2«i.3il4,5(12
29,-.,119.l63
10
309.1 14.176
14.6 8.800
14,371.300
14.437.010
U.495.'inn
3I7.5S2.5I1
11.647.201)
350,978,7 U
137.867.277
412.707.015
4 8 831 .572
,4
11.705.500
14.
.'4.3 10
!4.3Si.7)0
3-.8,5«5,74l
3513:3.9(2
21.S 30'. IVIO
15 (197.1 10
397.607,11(5
213.392,990
l: ,090,630
4»l,218.323
—
:
—
6,
Bitnitttooa
Boftoln
•ijmo.uM
SUO.OOO
500,000
Columbian
....
.,.
-i.tco
l.oco.iioi
BHot
:,U0O.00O
2.183,100
loiuwo
i.'Oi.w
1,000,001
ROO.UOO
l.O'O.OUO
TSO.OOO
1,000,000
2,3l3,«0O
l.HM.i'OU
2,179.300
Krerett
Kaneall
riall
Fwemaa'a
globe
atnlUon
Howard
Market
Maasachuietta
Maverick
Mercbandtae
Merohanta'
Mount Vernon
New
Knglanc)
North..
Old Boalon
Bhawtout
Shoe and Leather
state
SuHollc
Traiiera'
TremO.it
Waahlngtoa
Flrat
Second
Third
Fourth
Bank of Commerce
BankotN.
America....
Han't or RedoinpllonV.
Baakot'hi! K.publlo.
.
Commonwealth
City
Kxrhange
Hide and Leather
injJJ)
1«.',C<XI
5C«,90O
81»,S00
i.aai.ioo
-iijm
«»,o.o
>ViMX>
I't.tm
S3i,8oc
W.SOO
i7.tm
91.501)
1.01«,«00
;92,6llO
IBa.SOO
3,i%100
i-i,m
l,3l»,!(IO
UKJKO
8».'A)
916.900
237.000
llH'.iOO
95,1,000
4ai.SiX)
53,€0O
14i,J*
ilS.9(0
l.W,500
l.«i>l,200
i\l>H\
45.000
352.300
9:i.4co
98S.7;iO
:i91,W
174.60,'
6.797*10
1,7.B,:0C
4^flo0
112.200
900,000
2,Ull,l0O
1.000.000
2,(i87,9,l0
l.OO^i.OOO
S.sf.Soo
a.'.liO
2,000000
.^7i>l,9oo
1,500.000
eOCO.H)
2,(0l,000
750.000
1,COO.OOO
1,600.000
iOi\000
2CO,00J
2.n0 .(00
1.000,000
1,000,000
l.'MJCOCO
500.000
3,.1«,100
l,30l,'oo
2,100
27,100
i«i.U00
i'i.5iXI
2,lSI,l(;j
lOTVOO
3,t*,70O
l,42'5.7lpu
415.i(iO
1,211.100
1(3.500
269,ioo
915.S0O
9S100
18-',100
31>,:00
33,'>00
82.300
S-i.'.'Oa
1,H9,«00
6.i(J0
75,700
1S«,<00
211. '00
71,000
10.400
;9-,90O
3,91M0O
3..li>l.;0O
1,241, liio
56.1C0
129,800
45,200
4C9..(|0
5,0.'7.6iio
2.;l)8.6(xi
5.630,ioo
3.27I.U,iO
3,0I!,''00
1,917,9(X)
;,895,3uo
«,l65,3oo
3,iW.i00
200.000
Union
Webater
l.roOOO
1.500,000
2,295.700
131,5S0,I08
...
2.6U0
7,<00
94,100
5.(00
1«,000
a7,800
14,100
19!.60O
16.500
I7,:00
10,200
J5,;00
2iP.900
1,126.700
l,'5;,6oo
Specie
L. Tender Notes
t93!..1'XI
2(?s.7O0
Decreise.
152, ICO
|
IJ.'.Of
S-iOoOl'
973.1110
875,00
45.000
1,939,400
701.400
63',9,0
l,82»,10O
8IH,-e0
1,»J3,8(0
27(V-0(i
20.1,'iOO
7;0.*T.'
S7.i.70C
50IVOO
93-i,!'00
172 3«1
54«.f00
371,200
rS'.'OO
461,600
56,621,500
22,183,100
6, ib 124,299,800.
iticrease. $2,25S..10i
Decrease.
are the totals for a series of weeks past
Boecie. LesaiTenders. Deposits. Circulation.
Loans.
Date.
Oot. 23
131.2!i",50O
l,a5V00
7,951..'iOO
5V41,E0O
2',.M-,>.701
<iet.80
130.?9».I00
3.i9j.lOO
54.863.;00
22.!81.:0l
Not.
131,59,1,100
1.322.600
1,123,100
B.OJSJOO
5'',62I,50O
22,13j,l,0
6
Banks— The
Pblladelphla
following is the average condition of the Philadelpbia National Banks for the week preceding
Monday, Nov.
1876:
6..
Banks.
Capita).
Loans. Specie.
tl.SOOOOO »5,685,000 tlai',000
Philadelphia
North Araerlci...
1,000,000
Farmerb' and Mechanica'
Commercial....,
Mechanica'
Bank of M. Llberiiee
L',OCO
000
810000
MO.OOO
Southwark
KenslngtOD
Penn
Western
39fl,(00
l,15.1,'0O
5,500
2,661,000
i'OOOC
1.3i'l,7:0
10,5=.9
955,934
1,441,5»5
IO,tOO
9,rO0
4S,101
2,2'8,',9U
2,672,.!iO
736,336
3,834,000
i,)8i,ooo
1,156,6.9
1,000000
Consolkation
City
400000
l,''72,ili2
CommoQweallh
CornKzchange
3t0,000
SUl.OOO
1,1»;.000
Union
100000
First
SOOOOO
,..
Seventh
Bighlh
Central
Bank or Republic
Security
Centennial
,.
Total
The
16,39,1,000
Total net
Circu-
Tender, riepostts.
latlon.
»;20.COO
11,670,000
2,14-,lOO
2,0C4,t00
574,000
371.(01
613.000
6i9,291
14,910.000
2l:l,0'0
'222,100
3;4,49J
664,430
1.116,4(0
B23,il!l
2,C0.',S.9
4i7,000
2:9,7S2
1397,100
716,660
2i'4.V5
535,000
160,H4U
.3,451,000
l.l63,iioo
59r.,0O0
i;5,"iJ0
I,0JI,;86
1,335.7:3
270000
....
6,274
13,000
l,.'i;.000
4S,i,oo
312,C*0
22,171
9,697
4'.2.S63
451,7«1
JIJ.OOO
...
17.9<6
19,000
ll.COJ
2.000
40,000
1,155,000
1,IV4,000
511,000
!,27l,0OO
1,300
....
432,100
213.000
6:2,000
61,757,593
19,166,MI
811.771
deviations from the returns of previous
CMIUI
:...Dec. 1100,100
Lottos
Uec.
Specie
Inc.
The following
I
I
1.4tO,«5
Ml,S75
301.275
213.000
29',(«0
90,000
752,000
259,000
135,100
S!S,.»0
216,100
520.000
592.(00
4,6»S.00O
938,000
S91JXX)
SJiOOO
M,000
uo.om
5S4.0;iO
1,61.',000
171,000
45,000
56.059,893
9,9171217
week are as follows:
Legal-Tender Notes
Deo.
|8'1,791
DeiioBl's
Dec.
Dec,
26-.6?4
1,I1S
Circulation
61,815,523
779,977
lll,10',167
«i,-6'(,5'.0
T711,(I2(
61,737,593
tll,7)l
19,155,623
19,166,641
(iUOTlTIOXS IN
mm»S,
56,S21,ir;
56,059.693
10,026,(13
9,9J8.665
9.987.247
BKCITBITIXB.
BOSTON.
CITIES.
Bid.
Ask
BTOOBS.
Iialne6a
New
Hampshire, 6b
Var^nont as
Massachusetts 5«, Sold
Boaton 6s, Currency
do Js.gold
Chicago Sewerage Te
Municipal 7s
do
109>i
Boston
Boston
Albany stock
6t
..
Cheshire preferrefl
Chicago, Bur. A Quincy..
Atch.a Topekalat m.Ts
land gt. 7s
do
do
2d 78
land Inc. 128..
do
Boston 6b Alliany 78
113X
Boston & Maine 7s
BurllnKton & Mo. Neb. 8b. H94
do
do Neb. 8b, 1883.
Eastern Mass.. 7s
Ind.Cln.A Laf.7s, :S69
do
equipment 10s.
funded debt 76
do
OSdeniburg& Lakech.bs
OM Col. A Newport Bds, 7,
Rltlabd. new 7b
"77
VermitCen.,
Ist M.,cons.,7,*86
Mort.,7, ie>:
Bs
Mass.. Ist M. a.'oa.
.
A Lowell stock
3oi»ton & Maine
Boston A Providence
x
BurilDijton
& Mo. InNebraskH
tux
106>i
Portland 6s
do 2<.
Varmont 4k Can., new,
5.ii,912,15a
PHILADELPUIA AND OTHER
SBOrBITIKS.
Vermont *
2.3)6,000
are the totals for a series of weeks past:
Loans.
Boecie. LearalTenders. OeooAlts. Glrmlat'n
2>ftte.
Oct. 28
OlSt.aP
Sit. «
10,9J2
39. :47
1.V66. OO
3,891,0.0
l,0IP.a'O
4,'.7;,(I00
...,
1,000,000
614,000
170.650
;08.000
I1S,13J
1.16,000
....
4,000
79.-',00O
6,3.7.500
1,794,000
2.25(',(XX)
1,;3.',000
....
J.'118,000
8 1,000
319,000
1,80;,0CC
382,000
207,000
181,000
261.000
9iC,aiu
614,000
786,000
It0,'00
aSO.OOO
2:5.000
7fO,000
700,000
IfO.OOO
A'O.OOO
..
....
75.',00O
•,(93000
4,4n,000
1,000.000
Third
3S00J
500,00)
200.000
lOO.tOO
BUth
90.000
2f0,000
800,000
'00,000
1.00i,000
-.50,00
MaLUfacturersBank of Commerce
Glrard
Tradeamen's
4,82(,0OO
6,ll8,y00
2,617,000
1..
Cln., Sandusky
Concord .
&
IISX
6
.
Phlla..
Fiichburg
MwQChester A Lawrence
NftBhua A Lowell
N'ew York A New Kngland ...
Northern ot New Hampshire..
Norwich A ff orceater
Ogdens. ft L. Champlatn
do
prel.
do
OldColony
A Portamonth..
common
Vermont A Canada
Vermont A Maaaachasetta..
Won»ster4 Nashoa
50X
50
>9K
41
46 X
A Erie
A Heariinf
14
«1X
W- Md.
45
53
32
lOO
43 K
40
13
H
•22
.
.
.
E. Ext..l910
inc. 7s end. '94..
Cam. A Atlan. 1st m, 7s, g. 1903
2d do7B.c- 18i«>
do
Cam « Burlington Co. 68, '97.
7». 19U0
31
iic'k
D'-laware mort.68, varloiM
Ba8tPenn.lstuort.7s,'86...
Kl. A W'mspoit, IBtm. 7s. '.W.
do 5s,perp
do
Harrlsborg 1 st mort. 6b, '83- .
U. A B. T.lsimon.7B,*90
2d mort. 7b, '95...
do
3d m. cons.7B,'t5'
do
Ithaca A Athens g.7B. '90
Junction Ist mort. 6b, '82
1900....
2d
do
do
.
1R«8..
reK.1898..
7b. 1910
con. m. 68 19 3
LlttIeBchuylkill.letM..7. 19T7
Northern Pncllic 7 S-10». 19ti0'.
North Penn. lstm,68 '85
101
114
IHI
"
irc
1>«
7s. 1908...
»
1879
1(11
lit
71
A O.st'k ('47) 6b, at pleas.
Oeorgetoum.
Gener«Utock,8<, :881
6s, at pleasuie,
do
do
Ponnty stock, 6s,
Market stuc)(, 6s.
di
Board of Public Works—
Cera. Oen. Imp. 8«, 1874
lot
93
93
96
!S
93
93
40
,
<<0
1875
1876
1877
1878
do
do
do
do
Series.
Certificates. Bewer, 8b, 1874-77.
190
Water Certlflcates, 8s, 1977. .
10. H
110
''7...
t37
Cincinnati 6«
n
Cin.
I07>i
A
Indiana, Ist
la., 7
us
63
do 2d M., 7. 1877..
do
Colum.,A Xenla, iBt M.,7, "B"
(0
78
K'2
96
95
I
97
SO
97
4!
:OJV
101),
05
It
N
ji"
•2
7t
9C
9S
•e
•?»
4S
1(12
101
97>,
9t
HI
tf
!«
»»
n
N
7™
tS),
AKaBh.lstM.Cm.s.)
'77.. ^_
do Lou. Loan(m.B.)6,'8»-'if7 tn
(Leb.Br.)6.'8i|t»7
do
do
do lstM.(Leh.br.ex)7.'80-'86 1 17
do Lon.L'u(Leb.br.el)6,'93,t9I
lOSX
do Consol. IstM. 7,1898. ...'>
lou Jeffenon.. Mad. A Ind
'J,
.
-
95
Lonlsv-,Cln.ALex..pref
do
102" Louisville
A
St Louis 6b,
^
2»)«
1
Nashville
,
I
Long Bonds...
.t 102
tj'jX
WateiBBgold
do (new) t H;5
do
do
do Bridge Approach g.6>ti"^S
tiom
do Renewal gold «s
do Sewer f:.6B(duc'91 -2-3,1 1< IX
lo
73"
ii" St LoulsCo.newParkg-6B..t|Jli9
do
8i
At
t
c'y, 7b
A PaclAe guar, land
d»
and
>d
M.
Interest.
-.
....
5
common.
do
ST. LOUIS.
lotix
71
90
B7
lot
*b''*to'««
do
Watei 6b, '87 to '89.
do
Water Block aa, '97
do
Wbarias
do
specialtax 6b of *86,
do
leff-. Mad. A I,lBtM.(lAM)7.'8,
do '2d M.,7.
do
do 1st M., •7, 1906....
do
L.
loan, re?., 1&<5
In default ol Interast.
'.6
'(«i
101
L.>ui6vllle6s.'82to'87
;02
>
tioo
f3
80
65
LoulsT. C. A Ler., Ist M.,7. "SI..
louts- A Fr'k., iBt M.,6,'i0-'78..
Louisv. Loan,6,'81
do
conr.. g.'»4 101
gold, '97 102
do
m. 6s, '95 ...
68, Imp.. 'SO...
do
do 6s, bcatAcar.i9l9
do 7s, boat A car.t91S
scrip
do
BuBqnehaana 9b, coup., 1918...
lot
ties lot
7b
do
tllO
7-SOb
do
Bouth'n RR. 7.80f t 104M \^
UO
do
Ham.Co.,Uhloap.c. ongod^ + 46
113
do 7p.c.,lto5yTs. tllO Ui
102
do
do lgbdB,7 A'T.aOr t(OI in
do
siock, prel K
COT.BrWife
A
Cin.
bonds, long. + 3
97
IIS
do
111
il
us
99), \U)\ Cin., Ham. AD.. Ist M., I, 80...
2dM..7. 8S... no lo:
do
llo
+
01
do
3dM..3,77-..
do
;d
Cin.. Ilam.A lnd.78 gnar
n"
I16H
8j
conVj-Si
PeansylTanla6s,l910
It
it
1(6
Western Penn. RK.6s.U93....
do 6«Pb"96
do
Wllm. A R«art..I»t M.,7.190(l'.
do 2(1 .VIort.lMB*
do
deb.Ti...
«
n
CINCINNATI.
1(3S
SteubenvlUe A lndlana7..'84
Stony C-eek. Ist m.. 7", 19(7...
Snnbury A Erie Ist m.7B,'77..
U..ltedN.J.c ns. m. 6s, 91..
Warren A F. let ra. (B,'96 . ..
b.')at
M
(ie43)6f,atplea>
Cbes.
lOj
Pills., Cln.A St. Louis 7s, !! 01.
Shamokin V. A Pottsv. is.l'id:.
RR
:«
\m
.
Schuylkill Nay. iBt m.6B,'97.
do
2d m.,6s,!»0'
SO
2»X
81.
Dayton A Mich., 1st M,,
2d M., 7, '84..
do
do
PennA fJ Y.C.AR it 7S.-96-1906. 106)i 107
SdM..7,'88..
do
do
Pennsylvania, 1st M.,6,lsB0...
1st M., I88I..
•io
gen. m. 68 191(1, coup 116X 107S Dayton A Weat..
iBt M., 19(19..
do
do
do gen. m.,6B reg., 1910, l-tk lues
lBtM.,6, 190S.
do
do
con8.m.6«, reg.,19tiS
do
lnd.,CIn.ALaf.,lBtM.,7
lO
m-6B,'97
1st
Perklomen
(I.AC )lstM.,7,188f'
102
106
do
Phlla. A Brleletm.68,'81...
96k 97S Little Miami, 6. 1883
2d m. 78. '88...
do
I2>i .... Cin. Ham. A Dayton stock
Philadelphia A Reading 6b, '80 01
.05
Columbus A Xeniastock
do
7b, '98
do
68
Dayton A Michigan stock
deb. bonds, '99 to
do
101
8 p. c.st'kgaai
do
101>i
g.m.7B,c. 1911 Itl
do
102
Little Miami stock
reg.l91I
do
do
7i
new conT.7B, '.898 2
do
l,Ot;i8VIl.I.B.
doCral A (.Co m.,7s.'92-'!l
t
Louisville 78
Phla., Wllm. * Bait 6?. IS 4..
Morris,
'8
1(4
CerllflcaKB...
Waminglon.
lOD
108
103 )s
107x
2dm. .8, '96
do
chattel M. 10s 1877
do
ik'
coup.,
1903
gen.
7s,
M.
do
5
^. UOS
Oil creek IBtm. 78'82
do
do
do
do
do
106), 106 Ji
lot
!ۥ
I05X Fnnn.Loan (Cong ) 6 g. 1S92.
Fund. Loan (Leg). ts.g, 1902..
;;^28) 58, at pleai
46S 50 Ce> o.of Siuc',^
•
OANAL BONl>B
!25>.
107
U4H
.
V9
109 (,
1(W
lOS
lit
tl
A..;69J... Il«
Perm. lmp.,6s,g, J.cJ, 1891.
do
7s, Is91
Market Stock bonds. 78. 1^92..
Water Stock bonds '78,1901....
12
Cayuga Lake let m. k.7p,1901'
Connecting 68 1900-1904
Dan..H. AWIlks.lst m,7«.'g7*
do
do
»
IL-S
90V
do
2d.M.A N
5R
es, 3d, J.AJ.
do
Union HR., ist ffuar.. J A J., 97'
Itt"
Canton endorsed..
do
•'
10
do
:ou
BelTldere Delaware.lBtm,6,n7 101
do
2d M. 6B.185
do
no
6s,'87
do
Sd
M.
do
Camden A Amboy.Bs, '83... K3
104
68, '89
do
Jo
116
domort.6s,'8l.
do
do
do
do
C.n.78, F.
106
lUS
:oJ
HISOlELLANKOt'S.
Baltimore Qas, certificate".
Qas
133
78
Lehlgb Valley, 6s, con..
Mar.*
lis
!v.
:X lOIX
M.,(gr)'90,J.« J. 1'6
do
lBtM.,fA90. J.A.J.
do
2d M., (gn«r.> J.AJ.
do
2d M.. (pref.)
do 2dM.(gr.by w.' o.)J.AJ
do 6s. 3d M , (guar.) J.AJ.
ren year Bonds. os,
7 S-lOs, '.896
CatawisBa, new
6b, 1st
11'
DUtrict of Colitmbia.
BAILBOAD BONDB.
do
ao
do
12
lot
lUI
lot
lOS
^TASHINGTOiV.
do pref
BchnylkiU Navigation
pref
do
do
J...
1S6« 1S7!< People's
to*
Morris.....
^
A
Ut M..ieMI.M.AK
Cen. Ohloa»,
.'lO
do
OANAL STOCKB.
Delaware PlTlsion
Lehigh Navigation
Allegheny Val
J.
.1
A Trenton
Wilmlng.A Baltimore.
Delaware Division 68, *7^
Lehigh Navigation 6s. ''It
l'ort..8ttCO
prelerred
43
United N- J. Companies
West Chester concoi. prof
West Jersey 4
,
KasterKNew Hampshire)...
do
Phllrtiie'.plila
188(1,
II
Norristown
North [•rnniyltanla
PeuLBVlvanla
Philadelphia
Philadelphia
St
1(5
1(6
do
as. 1885. A. A O.,
N.W.Va..3d M.fgoar)'«,J.AJ
Plttsb.A ConDcnsv.7s,'98, do iHk
Northern Central 6s. 1889, do 11 IK
dn
68,l90i).A.AO. lOUk
do 6B.gol(l,1900, AJ 10
prel
New pref
do
Delaware A Bcuud Brouk
Bast PennsylTanla
*"4
l£lmlra& WlUlamsport
pref..
do
,
A
:{nt]and
Bait. A Ohio 6b,
pref
.
CleT. stock.
US
in
RAILBOAO HOND",
WeBtChoater cons. 7b, '91. ..
West Jereey iBt m 68, '96
do 78, ;397....
do
127X
921V Clonnectlcot River
«3
;onnectlcut
Paaanrnpsic, pf.
Kastern (Mass.)
55
101
do
do
146.800
I
Tne following
111
111
Central! hlo
50
Pittsburgh A Connellsvllle. 90
BalLROAD BTOOKS.
Camden AAtiauttc
UttleBcbnylklll
Minehlll
Nesquehonlng Valley
45,0X)
IIIH 111
.
m
461AM)
420,I(XI
56!i.600
lot
US
.%
;,5f4,7((l
l'..'i.700
—
Park- 1N0, Q
6a,l-l8.M. A 8.
as.
no
»m
Bnntingdon A Broad Top ..
do pref. 6«
do
49\
Lehigh Valley
2.0'J.IOO
6a,tcf(. J.
»*, If 10, (inmrterly.
6s, ezempt,'93,M.A8 lis
do
IIS
II
do
(a, 1900, J, • .1
III
6s. uo;d. varions....
do
do
««, IWI,
78.Watui Ln, varions 109
do
do
iwx «*
78.Strcct imp.. 'rl3-86 lu;
106k Norlolk Waor.SB
do
BAILBOAD BTOCSa. Par.
New Jersey 6b. Exempts, var. I18X lis
Bait A Ohio-St' ck
lat
100 147
Cainilen County 6s, Tarlons....
do
Wash. Branch. .1i« :w
do
....
Camden City 6j
do
Parkeraburg Br. It
«
do ...
7s.
do
Northern Central
SO 28H
do
....
Delaware 6b.
5
Western Maryland
SO
«
do ....
llarrlsbarg City at,
do
181,',0O
t,673,.0O
Deposits
Circn atlon
do
118S IKM
conpon.
Wi.'.UU
278.800
518,400
1.O12.60O
AJ
do
do
do
do
1913
58, 1913
Catawlssa
"due to other ban kB,"ii8 per aiaiement of, Nov.
deviations from last week's returns are as follows:
Ircreace.
Increase.
9b,
If
lit
IM
Baltimore 6s,1864, qaart>rly... IK'H IlIX
108
4s,
tSl.lO'J
53(1,000
total amoiint
Lnana
new
107
1,137.100
571.100
133,000
341.000
65,7l0
75,:00
9.(ll3.iO0
.
old7 reitst'd.
Allegheny Conntv
411.10U
21S.600
S25.20O
796.800
630.8(10
<b,
6s,
do
.
U-U.
do
Pittsburg
var
107
1877-82. 106
V2-92 U4S 116
6t, 10-19
Philadelpbia
do
1.0:5.300
Int.
do cur. var.
75ii.l00
ill^V
212,700
281,630
10«,'00
eS.tOO
2',400
do
do
do
687.9011
1.i!>2,7oo
seL^iO
165.8(10
1,523,3X1
406,^00
293,500
912.900
57.0,0
49,200
71,S00
2u9.000
3.J16,<(X)
BacurltT
The
lil.lX
iH.W
1,700
PennsylTanlaSs, gold,
S:l,»(»
6\;00
4,2.'2,'oo
9|6,'(X1
2.5«i, OC
The
Maryland 6b, dell 00^, J. A J.. US
do
6a.eximpt issn
111
do
(a, IHO, qnirierly... 101
do
91
SB.qnarterly
91,300
l,3£l,50O
9,J 5.800
51,330,000
BALTimOKB.
BTATX ASD OITT BOXSt.
S7.I1C0
7J,60J
3,«iO
171,600
loo
5.U10
17.u00
34,600
65,100
33,300
1.500.000
2,000.000
Total
iO.iM
PHILADELPHIA.
iu.-.ou
1,98^700
1,000000
Ravere
...
2,100
Sb.HOO
4U,8()II
SU.'M,
»ii;.!M)
8,i;2,W
l.OO'l.UOd
1,0110,00)
Basle
aBOVBlTIBa.
olS.tOO
751, lOO
ijss.iuo
rli.SU)
t96,'00
633,«00
8.10,1100
Ask
2.or>o.3co
68,00
iJUlll
2.3S«,-«)
I.l3».7i0
1,319,900
800.000
4(0,0
son.ooo
8,000,006
600,000
200(100
l.OOl.OJO
Metropolitan
t.ioo
3«,b00
f.'oo
^i.iOO
MS7.70U
SCO.OM
Mannfuctarerb'
16,«I0
450,000
Continental
Bl,(«0
'W.ltO
33.000
3»,70O
151,600
5a,soo
:lt.!lOJ
I.11M.100
2,;!ti,500
l,«»v'.6«l
t.ooo,ouo
»h,J!W
Ul.iOO
sw^auo
1S.800
ia,a'JO
:(.<T3,S0O
!.91li/.00
-MflOi
Centnil...
ii.m
ti.Ki5,«io
8.10-.7O)
4,;»«.ioo
l.BCO.IXW
BoylAoB
BrondwkT
Bid.
Spmle. L.T.N"ole«.DeFO«lt«. Clrcnl,
Loant.
»fM)/oo
liOO.OO
%i5
axmrnmaa.
1676:
C«plt«1.
,.
BOSTOK, PMlbA.DBI.PHIA, Bte.-«:*aUoae«.
Boaton Uanka. Below we give a statement of the BoHton
National Banks, as returned to the Clearing House on Monday,
Banks.
Atiuttie
AtlM..;.
.
THE CHKONICLE
jf'ovember ll, 1876.]
Nov.
M
X
..
1
grant.-
1
5
19
IS
t
St
—
.
—
K
...
.
...
. ...
..
..
,
(THE CHRONICLE
476
[November
NEW
GENERAL QUOTATIONS OF STOCKS AND BONDS IN
171
Bond$ and actiw Railroad Btoekt are quoted on a previous page.
S.
MoasiTisa.
BSOTJSITIM.
Bid.
do
do
do
do
do
do
do
8«.1886.
88,1888
do
do
8i, M. AE. RB..
Ss.Ala. «Ch.lt.
e<of 18)8
8«of 1893
ArkftiiBM 9a, funded
&
do
do
do
do
do
__
7»,
7b,
7»,
»i
&
L. R.P. B. &N.O
Miss. O. & K. li
Ark. Cent. RE..
Connecticut 6«
Qeor^a
do
do
do
XlHnola
St.LoolB Jack.* ChlclBt m.
Chic. Bur. ft Q. 8p. c, istm..
do consol. m. 7f
do
Cblcago, Bk. Island ft Faclflc
do
S. F. lnc.68, '»5
Central of N. J., Ist m., new
do
1st consol..
do
do
con. conr..
do
33
Ft. S. IBB
78, L. K.
L.K.
7s, MeuiphlB
7W
US
9»
OS
<s
78, new bonds...
78, endorsed. ..
7s, gold bonds..
6s, coupon, 1877.
do
1979..
l^
Louisiana 6s
do
do
do
do
do
do
do
do
do
68, new_.
66, floating debt
7b, Penitentiary
6e, levee...
88, do
t», do 1875,
8s, of 1910,
7b, consolidated
7b, small
Michigan 6s, 1878-79
do
6«, 1883
7a, IS.X)
do
Missouri es, due 1877.. ..
do
do
1878..
Long bonds, due
41
41
41
41
41
Chic,
41
BOX
!02W
..
61J»
do coup..
do loan.
do do
do do
do do
Kortta Carolina—
Ca,old.J.6iJ
A.&0
do
N.C.RR
37
36>4
Funding act, 1366
Land C, 1349, J. ft J
Land C. 1889, A. ft O....
7sofl888
Non-fundable bonds ...
Tennessee 68, old
do
68, new
do
68, new series.
Vlrglnta-
38
38
do
Bnffalo
Bnflalo
3^
09
small.,
registered
Railroad Stocks.
Hudson R.
89
'
50
^%
Ch., guar.,
special.
lis
'"9
Rome & Watertown
81. Louis Alton ft T. H
do
do
pref,
Terre Haute ft Ind'polls
Toledo Peoria ft Warsaw.
Toledo Wab. ft W., pref..
. .
do
do
do
I'rirfji
;d
3d
do
do
do
do
Penn.
BR—
4
U4H
Income, 7s.
IstCarou'tB
W.
ft
Chic, Istm.
do
do
2dm..
3dm..
Pitts., consol., s.f.
4th mort
Ind. C, Ist mort
do
2d mort
Watert'n ft Og., con. 1st
ft
m.
do
do
2d m,.
Alton ft T. H.—
Alton 4 T. H., Ist mort ..
do
2d mort., pref..
do
2d mort. Inc'me
Belleville ft S. Ill.R. Ist m. 8s
Tol. Peoria 4 Warsaw, E. D...
do
do
W. D,.
do
do Bur. DIv.
do
do 3d mort..
do
do consol. 78
Tul. ft Wsbaah, Irt m. extend
do
ist ro. St.L. dlv.
do
2d mort
B8
equlp't bonds. 10
do
St. L.
.
1....
2dm.
g.
certtfs
4
78,
Chic.
Col.)*
Hock
do
do
30
80
.%")«
23
70
87
70
59
56H
J.ftJ
J.ftJ
J.ftJ.
10s, pension. 1894.. J.ftJ
Columbus, Ga., 78, bonds
Lynchburg 6s
Nfacon 78, DondB
Memphis old bonds, 6s
new bonds, 68
do
do
end., M. ft C. RU
Montgomery
Nashville
lODi 102)i
102
102X
110
111
111
liow
20
102)i
87
6s,
68,
do
New
8b
old
new
Orleans prem.
do
do
do
do
do
90
81
41
15
43
80
74
5s,
consol. 68
bonds,
7s.
?ld. 7b, Quarterly
OS
to railroads, 68...
Norfolk 68
Petersburg
68
Richmond 68
Savannah 7s, old.
do
7s, new
Wilmington, N. C,
do
20 years..
6s,
86,
gold.
gold.
ft
do
2d mort. 78 ...
Gulf, consol
end. Savan'h
stock
do guar...
Carolina Central 1st m. 68, g.
Central Georgia consol. m. Ts
do
stock
Charlotte Col. ft A. Ist M.78..
do
do
stock
Charleston ft Savannah 6s, end
Savannah ft Char. 1st M. 78.
Cheraw ft Darlington 7s ...
East Tenn. 4 Cieorgla 68
East Tenn. 4 Vs. 6s end. Tenn
E. Tenn. Va. 4 Ga. 1st m. 78.
do
do
stock
Atlantic
ft
do
do
do
Georgia RR. 7s
do
stock
Macon
Macon
d»
iBtL.O.78...
do
Ist ex L. G. 7a
Grand River Valley ?s, 1st m..
Memphis ft Charleston
4 Chic
g
..
do
do
do
do
do
do
do
7s,
7b,
land grant
Leaven, br'nch
Incomes, No. 11...
do
do
No. 16...
do
Stock
Kala^aazoo ft South H. 8s, gr.
Kal. Alleghan. 4 G. R. 88, gr.
78, 18:6,
78,
Kansas City 4 Cameron lOs
Kan. C. St. Jo. and C.B. 88 of "85
do
do
8iof'9e
Keokuk ft Des Moines ut 7s,
do
funded Int. 8s
do
pref. Btock...
L. Ont. Shore RR. Ist m. g. 78.
Lake 8up. & Miss. !st 78, gold.
.
Leav. Atch.
Leav.Law.
.
4 N W. 7s, guar.
4 Gal. Ist m., lOs..
.
Logans. Craw. 4 S. W. 88, gld.
Michigan Air Line 8s
Moutlcello 4 P. JervlB 78, gld.
Montclalr ist 78. gold
Mo. Kan. 4 Tex. 78, gld,Aug.'76
do
do
.
Mo. R.
Ft. S. ft
do
do Julv.*:5
do July,74
Gulf 1st m. 108,
do 2d m. lOs.
"Purchaser pays accrued
int.
stock
Rock
Mississippi Central Ist
do
77«
MisBlasIppI
Ist 7b.
.
2d 78..
Btock.
Little
ft
83
1st
m 7s
m
.
2d m.os...
Tenn.
ft
iBt
m.
7b. .
do
consol. 88.
Montgomery ft West P. Ist 8s.
Eutaula let Ss, g., end
Mont.
4
4
Mobile
do
do
do
land grant, gld
do new, gld
6s,gld^uneftDec
68, do Feb. ft Aug
endorsed
Memphis
.
International ^Texas) Ist
.
do
do
Indlanap.
Int. H. 4 G. N. conv. 8a
Jackson Lans. 4 Sag. 8s of 8S.
Kansas Pac. 78 extension, gold
ft
ft
do
do
gold.,
consol. bds.,
ft VIncen. Ist7s, gr..
4 Sioux C. 1st 7s.
Indlanapolle4 St. Louis 7s
Houston 4 Gt. North. 1st la, g.
4 Col. 7s, guar
do
78. certlf..
Brunswick end. 7b..
Augusta bo jds
Greenville
Ist 78,
Iowa Falls
.
Chatt. Ist m. 88, end. .
Ala.4 Tenn. Kiv. Ist mort 78,
Ala.
Nasliv. 78...
7s. g.
KllntPere .M. "s.Land grant...
Fort W., Jackson 4 Sag. 88 ...
Grand R. 4 Ind. :st 7s, guir..
do
. .
RAILROAD^.
ft
Evansvllle, T. H.
...
Mobile &8 (coups, on).,
do 8s (coups, on)
do
new consols
.
Connecticut Valley 78
Connecticut Western ist78..,
Chicago & Mich. Lake Shore
Dan. Urb.Bl.ft P. I8tm.78, g.
Des Moines & Ft. Dodge 1st 78,
Hou,.4Texa8C.
106«
7s, gold, 1901-19.0.
78, gold, 1892
10b, 1881..
Augusta, Ga., 78, bonds.
Charleston stock 6b ....
Charleston. S. C, 7s, F. L. bds.
Columbia, 8. C.,68
109)4
16
102
100
EvansvUle Hen.
do
do
do
do
OITIES.
12
Vylst 78, 30 years, 100
95
]fit 7s, 10 years,
2)1 7s,
South Carolina new consol. 6s.
Texas ?8, 1892
M.4S
do
18
20
45
ft v., I. dly., Istm. g.78.
Danv. ft vmccn's 78, gld
STATES.
Atlanta, Ga., 78
27
S»
25
40
Ch. D.
Sonthem Securities
100
102
_
Wisconsin Valley 88
Mercant. Trust real est. mort.78
ill
93
guar..
.
78, gold
7s, gold
96
Iowa R.
S'thwestern
ft
11
..
8s
8s ..
Central 88 ...
_
Pacific, Bo. branch, 6a,g
ie«
109),
Hannibal R.
ft
Logansport
ft
Walklll Valley Ist
Ill
111
104
109X
..
Union
Union
(Brokers* QiwtaUotiS.)
Qulncv
88.
I8t.
guar
2d,
Alabama new consols. Class A
Class B
do
do
32
& Warsaw
T. H.
100
112
112
105
i02«
Chesapeake ft 0.2d m., gold 78
:08
Cklcago Clinton ft Uub. 88
I07>i Chic, ft Can. South Ist m. g. 7a.
i9H
97
102
American
88ii
Pacific laud gr.n
Pac. RR. bds. of Mo
St. L. ft Iron ^(0UlJtaln, Ist
100
68,
ft
So'eastern 1st 7s, gold.
4 I. Mt. (Ark. Br.) 78, g.
Southern Central of N. Y. 78..
106
103).
99).
104
30
Chic
so
'i"9«
do
111
100
Central Pacific, 78, gold, conv.
Central of Iowa Istm. 7s, gold,
do
do
2d m., 78, gold
Keokuk ft St. Paul 8b ... "if}
Carthage ft Bur. 8s
...jo.
Dlxou Peoria ft Han. 88.
O. O. ft For R. Valley 8i
ChlcafEO
u*
112
II7H
ma
m
Pacific R. of Mo., 1st mort..
do
2d mort
Rome
)
.
Peoria
do
5H
Bur. C. R. ft M. (M. dlv.) g. 7s.
Cairo ft Fulton, Ist 7b, gold ..
California Pac. RR., 7s, gold
.
s.f ., 188.
...
St. L. ft
8t. L.
West Wisconsin
109
112
3d S., do 8s .
4thS.,do8i... 112
5thS..do8s.... 112
12
6thS.,dol8s....
Grand Trunk
Chic. Dub. ft Minn. 88
10^
100
I9?S
Illinois
do
Susq., Ist bonds lQ99illO
lat cons. guar.
ol
&
Col. Cblc.
Railroad Bonds.
ft
South
.
Pennsylvania Coal
Spring Mountain Coal...
ubany
104
83
»3
.
Cleve.
Canton Co^ Baltimore
Cent. N.J. Land ft Im.Co.
Delaware ft Hudson Can'l
American Coal
Consolldat'n C oal of Md.
Mariposa L. ft M. Co
do
do
pref.
Cumberland Coal ft Iron
Maryland Coal
*93.
RAILROADS.
ft P. Peak, 6<, gold.
AH lutlc 4 Pacific L. G. 68, gid
Atchison 4 Nebraska, S p. c.
Bur. 4 Mo. Rlv., land m. 7s
Canada Southern, 1st m
do
with Int.
100
do San Joaquin branch
do Cal. ft Oregon Ist
do State Aid bonds. ...
do Land Grant bonds..
Western Pacific bonds. ...
Union Pacific, lat mort. b'ds
Land grants, 7s. 101
do
Sinking fund..
do
do
do
niscel'oua Stocks.
99
95
Toledo'(.30s
do
Ist Spring, dlv..
Pitts. Ft.
Warren
(Stock Exc/mn'je
....
100>» 101
Central PaclBc gold bonds... 110
ao
too
.
District Telegraph.
2d m.,
2d
Atlantic
Saratoga
108
109
Water7B
do
do
do
do
^'
'.,..,
105«
loiS
'
bds.,
107
112
I05>i 106)«
"
10
106
.
»3H
Pacific Railroads—
MorrlsftEssex
Missouri Kansas ft Texas,
New Jersey Southern
"i
H. Y. New Haren ft Hart. 1»2 153
Ohio ft MlsslBS'ppl, pref
1S«
Am.
78,
do
do
.
ft
-
.
Harlem, 1st mort. 78, coup.
do
do
78, reg...
North Missouri, lat mort ....
Ohio ft Miss., consol. sink, fd
do
consolidated
Central Faclflc
Cnlcagoft Alton
do
pref
Chic. Bur. ft Qufncy.. ..
Cleve. Col. Cln. 4 1. ....
Cleye. ft PlttBburg, guar..
Dubnque ft Sioux City.
Erie pref
Indlanap. Gin. ft Laf
Jolletft Chicago
109
09
,
Yonkers Water, due
Louis Vandalla
do
102X 102« Det. Hillsdale 4 In. RR. 88 ..
Istm. 88, 882, 8. f. 112
do
Detroit* Bay City 8s, guar....
equipment bonds.
do
Det. Lans. ftLake M. Ist m. 88
New Jersey Southern lat m. 78
do
2d m. 88,
"
do
conaol.
do
Dutchess 4 Columbia 7s
Denver Pacific 78, gold
N.Y. Central 6s, 1883
105>i
do
68, 1887
Denver 4 liio Grande 7b, gold.
100
do
68, real estate..
Bvansvllle ft Crawf ordsv., 78.
do
68, subscription.
Erie ft Pittsburgh 1st 7s
do ft Hudaon, ist m., coup lis 120
do
2d78
do
1st m., reg.
do
do
7b, eqnlp...
120)i
7!)Mi
(AcUvtpreoeusly guot*d.)
ft Susquehanna.
ft
ft
Marietta & Cin. Istmort...
Mich. Cent., consol. 7s. \9ffl
31
Albany
St.
10(S
lOfi
Pougnkeepsle Water
Rochester City Water
.
30
Columbia 3.6SB.
lOoH
Kalamazoo & W. Pigeon, 1st 80
105
Lake Shore Dlr bonds
Cons, coup., tat.
do
do
Cons, reg., 1st.
Cons, coup., 2d.,
do
Cons, reg., 2d..
do
^
*m
..
i\5
.... 103
Ash., old bds 107
new bdB 108
do
Erie, new bonds..
State Line 78
mort
.
Atchison
• •
ft
guar
7s,
J. 1st
do
104^ lU5}|i
1877 101
00
do
bds., 88, 4th series
do coup. 7b, 1691 99J(i; ...
Rockt. R. I. 4 St. L. Ist 78, gld
reg. !, I8»i 99^ 100
do
Ifondout 4 Oswego 7b, gold..
Long Island KR., 1st mort.
SloniCltyft Pacific 6s
South Side, L. I., iBt m. bonds.
Southern Minn. conBtmc. 88..
do
sink. fund...
78
do
Western Union Tel., l9U0,coup
St. Jo. ft C. Bl. 1st mort. 10a.
reg...
do
do
do
do
8 p.c,
Sandusky Mans, ft Newark 7b.
miscellaneous List.
do
88
75
new bonds
do
4
Peoria 4 Itock 1. 'is, gold
Port Huron 4 L. M. 78, g. end,
Pullman Palace Car Co. Btock
Oswego
105^'
102^
gold..
7b,
ft
I'corla I'ekln
Ist m.,'9:
1881
Indianapolis 7.3(>l
Long Island City
Newark City 7s
10^
,
N. Y.
7a.
Osw. Mid. Ist .8, gold
do
2d 78, conv
Ist m. gld. 7 3-10 ..
Omaha ft Southwestern RR. ds
N. Y.
Oswego 4 Rome
Hartford 68
&
Cleve. P*vllle
2
45
44
6«,old
do
do
do
do
N. Haven MIddlefn ft W.
N.J. Midland 1st 7s, gold
do
2d 78
New Jersey 4
Ohio sterling
do ex
certlf.
88, interest
N. Orleans
4
2d mort. 8s
Jacks. Ist
m
do
certlf*s84,
Chattanooga 68,
Norfolk ft Petersburg Ist m. 8s
do
7b
do
2d m. 8s
^7ortheaetorn, S. C, Ut m. 8s..
do
2d m. 88.
Orange ft Alexandria, Ists, 6b,
do
2ds,68..
do
3ds,8B...
do
4tlis,88..
RtchmM 4 Petersb'g Ist m. 7b.
Nashville
ft
Rich. Fre'ksb'g
do
Rich.
4 Danv.
4
may be.
Bid.
North. Pac.
CITIES.
95«
lOIK
Mich. So. 7 p. c. 2d mort
Mich S. ft N. Ind., 8.F., 7 p.c 108
10»H
Cleve. ft Tol. sinking fund
^
at
65
80
(Brokers* Quotationt.)
.
Lake Shore-
Jan. ft July
April ft Oct
Rensselaer
.
Ist mort
St. Peters, 1st m..
96H
BioaBiTiia.
.
Chicago Extended.
JOO
lat mort., conv.
Milwaukee,
110
6e.
do
tt7
.
Boutli Carolina
W. ft
8s...
112
2
2
an
103
do
mort.
.
12
Hudson Canal,
ft
.
84
,
^^
J....
Rhode lBland6e
FltU. Ft.
88
Del.
,
18Jt
Island
!8t
do
79, conv.
do
Morris & Essex. 1st. m
do
2d mort
bonds. 1900....
do
construction.
do
do
78, of iS7l ...
do
1st con. guar.
Erie, let mort., extended
endorsed
do
do
do 2dmort.,78, 1819
do 3d do 7a, 1883
do 4th do Ts, 18«
do 5th do 78,1888
do 7a, cona,, mort., gold bds
do Long Dock bonds .. ...
Buff.N. Y. & E, I8t.m.,lirn..
large bds.
do
do
Han. & St. Jo., land grants
do
89, conv. mort.
Illinois Central—
Dubuque & Sioux Clty.lst m.
do
2d dlT.
do
Cedar F. ft Minn., Istmort..
Indlanap. Bl. ft W., 1st mort..
do
2d mort.
do
120
120
12d
Ohio 6«, 1881
do 6S.1886
Long
no
2d mort,
Ind's 1st m. 7b. S. F.. iOTH 106
consol. m. bonds ••••
do
Western,
vd m... lOSJi
Del. Lack. &
ClaasS
do
do
I02>J
do
C. C. C.
Special tax. Class 1
Class 2
do
District of
&
A
Winona &
1891.
1892.
18»3.
68, new bonds, \^K
do
1867
«8,
68, conBol. bonds
68, ex matured coup.
6s, consol., 2d series
6«, deferred bonds
no;,
% Hi
cp-sld.bda.
reg. do
do
Chic.
ei
.. ..A.A O...
do
do coup, off, J. & J., 41
do do oiT, A. & O. 41
1866
9
Funding act,
1868
do
S
New bonds, J. ft J
do
A. &0
"2
do
do
Galena
.
1887
'"™*
J.A
% ni
111'
&
95
.
new
YORK.
Aak
Wabash, con. convert...
ft
9iS« Albany,N. Y.. 6b
Buffalo Water and Park
Istm., I. ft D.,
do
Chicago 68, long dates
do
Istm., H. ft D
do
79, sewerage
93«
do
Istm., C. ft M.
do
7s, wateii
Ist m., consol..
do
§?«
do
7s, river improvem't
do
2d m.
do
do
78, various
N. Western sink, f nnd.'lOO
Cleveland 7»
iDt. bonds.
do
Detroit
Water Works 78
do
consol. bdB 103M
ElUabeth City, due •«
ext'n bds.. 103
do
do
due '85
Istmort... 106
do
Fenlnsula
'32-'90.
gola,reg....l857
6«,
€a,
**
Cs,
6a,
6s,
ft
Iowa Midland.
103
102J<
Funding, due 18M-5.
Asylum or Un.,due 1892.
Ban. & St. Jos., due 1886
do 18J7.
do
Hew York StateBounty Loan.reg
coup
do
6a, Canal Loan, i87i
do
1878
«,
.
ft
do
do
do
do
do
do
lbs
106
110
102
103
Wilkes B.con.guar
Am. Dock ft Improve, bonds
Ch. Mil. ft St. P. 'St m. 8s, P.D, lie
do
2dm.7 3lb, do
do
78, gold, K.D., 1(>2>
Ist 7s i:
do ..
do
Ist m.. La C. D.
do
do
Istm., I.ftM.D.
Lehigh
03
.Oi
103
103><
do
do War loan.,
Kentuckyes
istmort...,
103
Income.
110
ft Chicago, ist mort,
Louisiana ft Mo„ Ist m., guar 87^
19
Bid.
Hannibal ft Naples, 1st mort
Great Western, Ist m., 1888..
do
2d mort., 18M.
Qulncv ft Toledo, Ist m..*90..
Illinois ft So. Iowa, 1st mort
Lafayette Bl'n ft Mh"., 1st m
Han. ft Cent. Missouri, Istm
Pekin Llnc'tu ft Dec't*r,l3t m
Boston ft N. y. Air Line, Ist m
Cln. Lafityette ft Chic, Ist m
Jollet
13
8SOT7BITIK8.
Tol.
.
»e. :tS<i.
58, 18S«
11, 1876.
Prieet reprtttnt the per e»nt value, whatever the par
Ask.
Boston Hartf ft Erie, 1st mort 17
guar ... 16H
do
do
Bnr. C. Rapids ft Minn., lat 7s,g 36
Chesapeake ft Ohio 6s, Ist m.
ex coup
do
Chicago ft Alton sinking fund,
State Bond*.
AJabuna
......
.
Poto. 6s
do conv. 7s
1st consol. 6s..
Southwest RB., Ga., 1st
S. Carolina RR. 1st m. 78, new,
m
68
do
do
7s
do
stock
West Alabama 8a. guar
PAST DaE COUPONS.
Tenne.ssee State coupons
South Carolina consol
Virginia coupons
do
consol. coup
Hemnhls City Coupons
,
:
November
:
THE CHRONICLE
11, 1876.]
published on the last Baturdaj
of each month, and furnished to all regular sabncribers o( the
CsBONiCLR. No single copies o( the Supplement are sold at the
Is
number
is
printed to supply regular
Bubseribers.
ANNUA!. REPORTS.
Boston
&
1,S4(
ll.ttO
11,571
Detioit line loaso
STATE. CITT AND COBPOBATION FINANCES.
as only a sufficient
£53,540
Lewiaion and Auburn Hallway root
AND
The " InveBton' Supplement"
477
Atlantic and St. Lawrence lease
3nvtBtmtnt0
office,
:
:
Albany.
(For the year ending Sept. 80, 1878.)
The annual report of the Boston & Albany Railroad to the
Bailroad Commissioners inraa approved at a directors' meeting
recently held in Boston. The SpringSeld Republican gives a
synopsis of the report, from which we have the figures following. This report is of interest as the first of any of the great
trunk lines issued for the year 1875-6, except those of the roads
operated in Ohio, which were heretofore obtained exclusively
The total receipts for
for, and published in, the Chkonicle.
the year ending September 30, were $7,074,758, aeainst $7,869,053 the previous year, and the total expenses $4,683,904, against
Montreaiand Cbamplaln bond Interest
Buffalo and Lake Huron rent
Flrsl Equipment Bond Interest
Second Kqulpmeut Bond In erest
18^600-
110,111
16,00$
11,00$
$0|$B$
Five per cent perpetual debenture stock
Leaving a balance of
10$
iuoim
There has, therefore, been for the fast half-year no balaoco
available for dividend on the preference stocks, and the abovo
balance added to the amount brought from the last aceoast
makes the total to be carried to the next account £1,787. llie
gross receipts for the half-year (after deduction of discount on
American currency) show an increase of £43,210, or 4 84 per
cent, over 1875.
"The working expenses, including renewals,
have amounted to £733,947, or 7838 per cent., against a toUl
charge of £701,460, or 7854 per cent, in 1875, showing an increase
of £32,487, or 4 63 per cent., against the al>ove increase in tho
receipts of 4'84 per cent. Excluding the charges for renewaU
of road, engines and cars of £51^70, made in excess of similar
charges in 1875, the working expenses, charged on the same
basis as 1875, amounted to £632,577, or 72-89 per cent, of tho
gros receipts, against £701,460, or 78'54 per cent, in 1875 showing tjiat in the ordinary expenses of working there has been k
decrease of £18,882, or 2'69 per cent., against an increase in
gross receipts of 4'84 per cent. Adding the increase in gross
receipts of £43,210 to the above decrease in the ordinary working expenses of £18,882, and there is a total of £63,092, which
represents the improvement in the half-year's working, as compared with 1875, and is equal to fully 6^ per cant, of the gros*
receipts.
The above sum of £32,093 has been applied in the following additioaal charges for renewals Way and works, £36,712;
locomotive department, £14,384 car department, £10,274 ; total,
£51,370 in meeting the following additional charges, viz.
Interest on debenture stock
£1S,8C0
Less interest on securities extinguished
4,900
;
$5,871,902 last year, leaviDg a net balance of $3,391,764, as against
$2,498,050 in 1875. All the main items of both receipts and expenses show a considerable falling off, although the actual tonnage of freight is larger than last year, the respective figures
being 2,541,274 tons in 1874 to 2,439,473 last year. The total
number of tons carried one mile was 301,634,788, against 283,309,789 the previous year.
Notwithstanding Centennial travel, the number of passengers
carried one mile is 110,644,410, against 123,063,286 last year.
£13,409
The total number of passengers carried is 5 578,395. Passengers
Rentals of leased lines
800
have been carried at an average rate of 2 37-100 cents per mile,
Totil
1674,300
or one mill less than last year, and freight at an average of 2 213,500
100 cents per mile. The total amount of the permanent invest- Deduct decreased Interest on lands, temporary loanr, Ac
ments of the road is $39,146,9.'!4, and the gross debt is $8,707,Total
£10,700
"938. The funded debt amounts to $7,000,000, of which $5,0D0,000
The increased receipts from freight traffic were £72,353, or 12-30
The amount charged to
is at 7 per cent and the remainder at 6.
per cent., and the increased tonnage carried was 162,701, or 18.48
construction account last year was $391,180. The report shows
per cent. The following is a comparative statement showing tho
5,383 stockholders, of whom 4,613 reside in Massachusetts, and of
average distance each ton has been carried, and the average rata
the $20,000,000 stock $17,538,300 is held in the State. The total
number of miles operated by the company is 331'4d, exclusive of per ton per mile received since 1872, viz. ATeraze dis- Average rate
161 '65 'miles of siding.
tance carried, per ton per
Tons of
freight.
Miles.
mile.
Half-year to
The road employs 410 less men than a year ago, the present
383
June 30, 1876
1,00.933
-94c.
total being 4,535.
It owns 339 locomotives, 244 passenger and
June 30, 187S
315
880,«l
107c.
baggage cars, and 4,816 freight cars on a basis of eight wheels.
June SO, 1674
2S0
1-Slc.
008,750
363
Jane 30, 1873
773,573
l-49c.
Of the transportation expense items below, $840,908 is for sal386
June 30, 1873
l42c.
..
7»7,881
aries of freight employees, $484,393 for the salaries of passenger
The expenditure on capital account for new works, land, &c..
employees, $730,318 for fuel, $355,555 for taxes, $180,419 lor the
salaries of switch, watch and signal men, and $63,988 for oil and has only been £8,425. There have, however, been charged for diswaste cotton. The following is the complete exhibit of the year's count on an issue of Five per Cent. Perpetual Debenture Stock,
£10!,S23, and for International Bridge bonds (redeemable on 1st
work:
BZCIIPTS.
July, 1876), £29,200, making a total charge for the half-year of
From patiengers
tStA
£140,477. The capital account is credited with £344,387, the
FromifK*
freight
3,f86,13l
amount of the recent issue of debenture stock, less £17,000 of
From mail> sod other Boarcei.
661.S34
Montreal and Cbamplaln Six per Cent. Bonds extinguished during;
-$7,074,758
SXPKNSKS.
the half-year. During the half-year, further debenture stocic
Bepatrs of roadway
t91\811
was raised to provide the means of meeting the various preferenKepairs of engines
28^,730
tial securities which had already become or were becoming liable
Repairs of pssseneer and freight cars
^78,!i90
Repairs of baildiogs, etc
80,694
to be repaid, and it was considered to be the fairest course to inTransportation expenses...!,813.703
vite tenders from the proprietors for the amount required, which
General expenses
111,073
was accordingly done in the month of February last. Applica4,682,994
tions were accepted for £344,287 stock, on which instalments
Net balance of Income
$i,3lll,';Si
have been duly paid. The cash liabilities of the company, as
From this deduct—
compared with the corresponding period of 1875, have been reInterest
$490,SS5
..
DiTidend
duced, as the following figures show
1,800,000
Dividend on PIttsfteld & North Adams road at 6 per cent.
1875.
27,000
187C
Bent on Ware Klver road at 6 per cent
£30,C00
43,000
£136,370
Loans en aecnrlties
35,089
35,039
»,3l»,955
Mortgages "n property
:
;
;
:
.
Bill8p«y„ble
Charged to contingent fund
Surplus at commeicement of year
Suplos for year
Premium on bonds
Total surplus for 1876
$38,8C8
Wagesdue
$3,693,393
Grand Trank of Canada.
(For
The
following
tJie
is
half-year ending June 30, 187C.)
the report for the half-year ended June 30, in
1876 and 1875
The grors rrceipts upon
the whole nadertaking, loclnding 1S75.
£909,075
the Buffalo and Ohamplain lines, hsYe been
the
discount on American currency.
by
15,937
Which are reduced
To
£893,148
Deduct working expenses. Including in 18*6 £51.370 for renewals not charged In 1875 (being at the rale of IS. 38 per
1876.
£958,073
19,714
£936^
cent., against 78.51 for the corresponding half of last
701,460
733,948
£191,683
Leaving a sum of
Vrom this, however, has to be deducted the postal and mil16,283
itary revenue due for the half-year to the bondholders. .
£303,411
year)
Whichleaves
Applicable to the following payments, viz.
Interest, &c., paid on lands
Interest on temporary loans, bankers' balances, promissory notes, European exchange, &c
Int. on BritiBli American I and Company's debentnrea. ..
Interest on Montreal Seminary debentures
Interest on Island .''ond debentures
Qalf-yeaily Instsloteut on Portlaad sinking fund
£179,405
!6,878
£186,533
'£'1,144
6,371
616
6!6
3,700
%fiK—
Interest, &c.,
Accouutsdue
$3,363,588
38,808
30,OCO
14,917
unpaid
8C0,864
137,330
J13,08»
70,364
86,339
157,600
£965,456
£861,581
191JMI
61,036
The most important of the general balances, that of stores, fuel
old materials, &c., has been reduced as compared with 1875, 1^
£163,000.
The so-called railway war in America has been, for reasons not
difficult to seek, frequently misrepresented as being simply a
war.between certain American companies and the Grand Trunk
Coiupany. In point of fa:t, this war is a competition of rates
arising entirely out of the action of the New York Central in endeavoring to direct, by lower rates, the whole or the greater portion of the export business of the country via the port of New
York. The extension to Chicago, by Improved routes, of the
Pennsylvania Railroad, and, at a more recent date, of the Baltimore and Ohio Railroad, brought two additional and powerful
competitors into the field, and the efforts of these lines to direct
business to the seaports of Philadelphia and Baltimore were so
successful that under the fear that the great shipping trade ao
long centred in New York was about to be shared in a great degree by these cities, the war of rates was begun and continued hj
the New York Central to recover, and retain, if possible, the chief
part of the business to the seaboard, of which, ag one of a
number of competing lines, it can only expect to obtain a fair
proportion. The Orand Trunk, as one of the through lines,
has necessarily beeo forced tQ tfttte care of If; g^B }4:
—
;
THE CHRONICLE.
its
the action of this company ia endeavoring
endorsed
conteBt
bae
been
nnneceseary
the
by the principul competitors of the New York
and approved b;
Central, viz., the PenDBjlvania, the Baltimore and Ohio,
and the Erie Companies. The Great Western Company, according to their own statement, " have had no voice in the matter,"
and for obvious reasons, viz., that they have simply been forced
by the influence they have permitted the New York Central Company to exercise over them, and have been content to share in the
evils of the contest wiihout any known guarantee that they will
be allowed any voice in the settlement which must ultimately be
effected. Efforts are now being made to bring about a reasonable
settlement, and so recently as the 30ih September last a meeting
was held in New York of tlje representatives of the Baltimore
and Ohio, the Pennsylvania, the Erie, the Michigan Central, and
Qrand Trunk Companies with that object. The tone of feeling
on the sul'jfct is better indicated by the expression of public
opinion in New York itself, than by statements colored (perhaps
uaintentionally) by partisans 3,000 miles from the scene of the
straggle; and whilst the directors are not et in a position to make
public the details of the negotiations amongst the trunk lines
already referred to, they insert the following statement from the
New York Evening Post of September 30, as fairly representing
"All tue trunk lines, except the,.New
the position ot aflairs
York Central, have agreed on the point that diiJerences should be
The New York Central is yet to be heard from. If the
settled.
New York Central shows a willingness to co-operate, what is
known as the railway war can be settled at any lime, and now
without any sacrifice of pride on the part of the New York Central managers."
and
terestp,
to
avert
Sept. 2), with the exception that the time for rayirg the contributions on the preference and ordinary shar-s is extended from
December Ist to December Slst next, and the following proper
provision
:
aENERAL INVESTMENT NEWS.
—
Atlantic & Pacific Railroad. The St. Louis G hie- Democrat
says that Mr. Litton, counsel for the Atlantic & Pacific Kailroad,
has filed in the United States Circuit Court the final report of the
receivers.
among other things, that
on September 8, the receivers kept a teparate
account pf the Income and expenses of operation of the road.
That tha purchaser has paid in ca h to the rec.ivers, on account of his lid,
The
report sets forth,
From and
after the tale
$145,000.
$46S,OUO of said series have been cancelled. The whole issue was gii,090,000.
The proportion of the sum of $50,OOJ paid by the purchaser for the properly
covered by this mortgage necessar/ to secure payment of the outstanding
i!<
added
:
'.
—
Hannibal & St. Josepli. The land grant mortgage of this
company, originally for |5,000,000, has been all paid with interest,
except $159,000 of bonds, which are not returned, even upon an
offer considerably above par, the money being in hand for their
payment. This will leave the f4,000,000 of 8 per cent, convertible bonds outstanding next after the $3,000,000 of State 6 per
cent bonds loaned to the company by the State of Missouri. There
remain about $3,500,000 of unpaid land notes, and 100,000
acres of land yet unsold, probably sufficient. If so applied, to pay
When these lands were granted to aid in
the debt to the State.
the construction of the road, much of the country was a wilderness, and the land taken up under the grant was worth about
|2 50 per acre. Now a string of thriving towns extends along
the line, and the land grant is to be classed among the most
successful that have been made.
Indianapolis Bloomington & Western. In the United States
Circuit Court in Chicago, Nov. 1, a motion was made for the
Farmers' Lian & Trust Company, trustee, to remove Gen. Wright,
the present receiver. The grounds alleged for the motion were,
in EuVistance, that Gen. Wright had been extravagant and that
he was inclined to favor the interests of the unsecured creditors.
—
was finally agreed that a new receiver should be appointed,
and the parties are to submit the name of a proper person to th©
Court for appointment. The Court exonerated Gen. Wright from
Gen.
all charges, and those made against him were withdrawn.
Wright has desired for some time to be relieved from the
receivership, but would not withdraw until cleared of all the
charges made against him.
Kansas Pacific. Default was made in the payment of the
half-coupon falling due Nov. 1. The New York Hera'.d says
" The directors had made arrangements, in anticipation of thi^
It
—
:
That the purchaser has delivered as in pajrraent of the purchase price—
J. Bonds of the series secured by the deed of trust dated July 1, 1868,
known as "Land Grant Mortgage Bonds," to the amount rf $i,OB9,rOO.
and coupons due and unpaid to the amount of $412,600. Of this series of
bonds, $473,000 are outstanding, with interest accrued amounting to $94,4(0
bonds
is
"•A furthr but final period, to be hcreaffr fixed by the Reconstructiott
Trustees and the Receiver, will be allowed teyond the Slst December, 1876,
for the payment f the smountB payable on the shares under the two preceding clauses, but the shareholders availing themselves thereof, instead of paying on or before the 3l8t December. 1B76, will be charged an additional 10 per
"
cent, beyond the amounts mentioned in those clauses.^
The circular is omitted this week for lack of space, but will
appear in the Chronicle of Nov. 18.
jf
•
[November 11, 1876.
$9,300.
2. Bonds of the serlesknown as "Second Mortgage and Land Grant Bonds,"
to the amoui.t of $1,901,501, with unpaid interest coupons amounting to $3IS,270. Of this teries, theic are outstanding $221, SOO bonds, and $40,3^0 coui/ou".
Of this series, $375,000 bonds were never issued, but remain in the hands of the
Padflc Railroad Company, to be cancelled. Theamouut necessary
Atlantic
to be paid to holders of the outslandir.g bonds of this series is $67,050.
The report then stages that, if the purchaser is entitled to the net tsarnii gs
between the date of eale ai d the date of ej:ecution of a dted, he has already
liaid in mpre than the holdeis of cu'stand'ng bonds and coupons are entitled
to. It also sets out that a carefully prepared lit-t of bonds and coupons is in
the Heceivcr's possession, and thai no certificates of indebtedness are now
ontetanding.
balance sheet is then presented, shawing current liabilities of $30,894 and
assets of $95,696, besides $o0,478, additional to the above $145,000, received
from purchaser since Oct 28
The amount due the Pacific Railrosd Company Is placed at $81,477, but the
exact figures were not given, as one or two items were still in doubt. Claims
against the load are reported to the amount of $192,059, of whi. h are Laclede County taxes, l870-'74, $33,518; Phelps County taxes, 1869-'72, $61,189 ;
&
A
Newton County taxes, 1873, $82,233.
The Receivers report that under a recent decision of the Supreme Court, the
A. & P. RR. is n«t liable to taxstion for any year prior to 1873, and that seme
of the taxes levict since then have been illegally levied.
Agreeably to the suggestion of Judge Treat, Mr. Litton filed a snppleuenul report, stating that the claim of the Missouri Pacific Railroad had
been settled for $80,'iI2, Mr. Buckley furnishing $50,000 of the money necessary to make that payment, and that the total amount of cash paid in by him
on account of his $503,000 bid was $2i5,478 also, ihat the $875,003 unipsueu
second mortgage and land grant bonds had been turned over to the receivers,
and were in their present possession.
j
Before the delivering of the deed Gen. Noble raised the question that the decree had not specifically provided for the foreclosure of the first mortgage the A. & P. Land Grant, and that
ite trustees thereof might foreclose. Judge Treat finally allowed
the deed as executed by the receivers to pass, if purchaser was
willing to accept same, with the question raised by Gen. Noble
nnsettled, premieing that he would tot al'ow the delivery till
The deed was
lie had investigated the matters in controversy.
tben compared with the decree and its execution acknowledged in
—
open Court,
Chicago & Alton.— In the suit brought by the Higgins Ferry
Company at St. Louis, against this company for damages for
breach of contract, the Court has given judgment for the Ferry
Company
to the amount of |103,899.
The Ferry Company claiming to have an exclusive contract for the transfer of passengers
and freight across the Mississippi, and tbe railroad company
having for some time sent ita passengers and some of its freight
over the St. Louis Bridge.
Cincinnati & Martinsville. A new company has been
organized to take this road from the bondholders who bought it
at foreclosure sale and to operate it. The new company will be
known as the Fairland Franklin & Martinsville.
—
Erie Railway— Amended Reconstrnction Scheme.— The
committee have ipsued a circular in London, under date of Oct.
23, 1876, in which they urge bond and shareholdeers to give their
prompt asbent to the amended reconstruction scheme, of which a
copy is sent with the circular. Ilerapath's Journal says
" The amended reconstruction scheme circulated during the
week seems to be the same as that published in the Journal of
Aagnst 26 last, pages 939, 940 (summarized in the Chronicle of
:
^
Two of the truodefault, for the foreclosure of the mortgage.
tees Messrs. Adolphus Meyer and Matthew Baird are directors
ot the company, and Mr. John A. Stewart, of this city, ia the
only trustee who does not occupy an official relation to the com*. *
Gentlemen holding a considerable number of
pany. *
the bonds of the company had an informal meeting Nov. 1 for
the purpose of recommending as receivers some responsible parlies who hold no official relations to the company, which resulted
in an expressed preference for Chauncey Vibbard, former superintendent of the New York Central Railroar), and Amos Cotting,
It appears
of the banking-house of Jameson, Smith & Cotting.
that since default was made in the payment of the first mortgage
interest, some two years ago, the directors have applied the earnings of the road to the satisfaction of floating claims held in great
The bondholders claim, in fact,
part, it is said, by themselves.
that the road has earned at all times its first mortgage interest,
and that no default would have occurred had the resources of the
property been applied in the just order of priority. Mr. Greeley,
whom the directors favor for the appointment of receiver, is an
endorser for a large amount on the paper of the company, to tho
payment of which the earnings of the road are said to have been
so largely applied. Mr. Villard was the agent of the directors in
procuring the assent of the bondholders to the funding scheme,
by means of which the directors were enabled to control the resources of the road to satisfy these floating claims."
The directors claim that the embarrassment has been precipitated by the refusal of the United States Government to pay
the amounts due -for transportation of troops, &c. On the 3d
—
—
—
Judge Morton, in Kansas, appointed Carlos S. Greeley and
Henry Villard receivers, in a foreclosure suit brought by Messrs.
Adolphus M»?ier, John A. Stewart and Matthew Baird, trttstees
inst..
of the mortgage.
—
Maxwell Land and Railway Co. Dr. de Klerck writes
" The plan of re-organization
from Amsterdam, October 23
of the Maxwell L<»nd Grant and Railway Company is unanimously adopted, the bondholders being convinced, after the
:
publication of a letter of Minister Cox, that the right of the
grant does not exceed twenty two square leagues, and that they,
possessing nearly nothing, do not incur great risks by giving
their adhesion to a plan for which they do not want to raise the
money. Only £46,800 of the loan of 1870, £14,700 of that of
1872,' and $3,500,000 of the shires were represented at the
meeting. The terms for adhesion to the new scheme remain
open to the 19th of November."
Wisconsin Central. The Milwaukee Wisconsin said a few
weeks since It is with no ordinary pleasure that we are able to
announce that the straight line from Stevens Point to Portage
City will be finished on the 18th of October, and regular trains
will soon thereafter be placed on the road, in connection with the
Milwaukee and St. Paul trains at Portage. This branch constitutes seventy-two miles of new railroad, and that, too,
completed within a year after the first spade was put into the
ground. The Wisconsin Central has constructed the only long
This road will be of vast
line of railway within our State in 1870.
importance to central Wisconsin, for the reason that tho lumber
of the north can be distributed at Madison and all other points in
the interior, and the lumbering districts can receive in return the
wheat and other products of the fertile lands ot southern Wis-
—
:
consin.
..
November
THE
11, 1676.]
CHRONICT.R'
OOTTON.
€ommtttia\ Cimes.
^\)v
Friday, P. M., Nov.
COMMERCIAL EPITOME.
f'BlDAT NlQHT, Norember
The disturbance growing out
been followed, since the
10, 1876.
of the Presidential canrasa has
election,
by
greater excitement,
still
morning the journals of each party claimed
The Democrats claim 203
award Mr. Hayes
eleetoriil
100, while the
Hares, and award Mr. Tilden
tl^e
votes for Mr. Tildsn, and
The
final result
depends upon
votes of South Carolina, Florida and Louisiana
States are claimed
by both
one
;
Tildeu
Hayes.
The
reports received in the course of to
day are strongly
favorable to the success of Mr. Tilden. But the ezcitement
which has prevailed, and the fear which was felt in some quarters that a prolonged and embittered contest may occur before a
final result shall be declared, have proved a serious interruption
to business, and possibly have somewhat affected values.
Provisions have almost uniformly ruled firm, and In some
cases prices have advanced.
Mess pork is no higher on the spot,
but has sold pretty freely for February at f 18 10^$16 17^ and
the closing bids to-day were f 15 50 for December, $15 75 for
January, and $16 for February. Lard has advanced to $10 50 for
prime Western, and $10 25 for prime city, on the spot, and sold
as high as $10 for January, and $10 10 lor February, but the
closing bids to- lay were $9 90 for December, $9 90 for January,
«nd $10 for February. Bacon was lower earlier in the week, but
the decline is now fully recovered. Cut meats rule quite irregular.
Beef and beef hams have continued in fair demand and
ateady. Butter quiet, at some decline, but the tone rather steadier
at the close. Cheese has sold at full prices for the better grades
of State factories, at lH@13ic. Tallow has sold moderately at
;
8|@8Jc. for prime.
The market for coffee was quiet for the week, but more active
towards the close; Rio, fair to prime cargoes, quotei at 18
J@
Rice has been quiet. Foreign dried fruits are quiet,
19ic., gold.
and raiaina have declined, under large receipts, to $2 07@3 10 for
new. Molasses is nearly nominal for foreign goods, but new crop
Louisiana has declined, Hnder liberal receipts, to 59@33o. Raw
sugars are dull and nominal at 9f c. for fair refining Cuba, but
lefiaed is active and higher at 12c. for standard crushed.
Tobacco has been quiet aad drooping. Kentucky leaf has
-slightly declined, and is quoted at 8®t6c., with lugs at 5jS7ic.;
sales lor the week, 100 hhd^. lor consumption and 493 for export;
total, 500 hhds.
Seed leaf also quiet, and the following sales
only are reported
150 cases sundries, 7(a39c.
512 cases Ohio,
crop 1874 and 1875, 6@7c.; 150 cases New England, crop 1874 and
:
;
83 cases Pennsylvania, crop 1875, 7i@16c.; 231
oases Wisconsin, crop 1875, 4l@5e., and 46 cases New York, crop
1874 and 1875, 12c.; also, 209 bales Havana, 88c.@$l 15.
1875, 15@45c.;
The business in ocean freights during the past week has been
moderate in berth tonnage, and some decline in rates must be
noted in charter room, particularly petroleum vessels, a fair movement has been reported at steady rates. Late engagements and
;
charters include
:
187«.
CROP, ss Indicated by our telegrama
from the South to-night, is given below. For the week ending
this evening (Nov. 10), the total receipta have reached 211,919
bales, against 201,904 bales last week, 174,617 bales the previoM
week.and 152,820 bales three weeks since, making the total receipt*
since the Istof September, 1876, 1,230,797 bales, against 1,065,818
bales for the same period of 1875, showing an increase sine*
The deUila
Sept. 1, 1876, of 155,579 bales.
this
week
five
previous years are as follows
(as per telegrapli)
and
of the receipts for
for the corresponding
weeks of
:
all 'these
is
Mr.
all
;
necessary to the elecare necessary to the election of Mr.
parties
tion of
;
So
success.
Republicans claim 185 for Mr.
184.
10,
Thb MovBicBNT OF THK
arising from the doubt and controversy regarding the result.
late as this
479
Provisions to Liverpool, by steam, 37s. 6 1.@508.
per ton; apples, 48.; grain to Hull, by steam, 7d.; do. to London, by
steam, 6id.; do. to Glasgow, by steam, 7id.; flour at 33. 3d.; grain
to the Continent, 6j. 9d. per qr. refined petroleum to Cork, for
orders, 4s. 6d.; do. to Bristol or London, 4s. 3d. @43. 41d.; crude
do. to Havre or Antwerp, 4s. Hd
do. to Rouen, 4s. 7id. To-day,
a moderate business was done rates wsre irregular for berth.
but ai>out steady for charter room grain to Liverpool, by 8ail,7d
flour, 28. 7id.; grain to Glasgow, by steam, 6id.; flour to Bristol,
by steam,* 4s. 3d.; and by sail, 3s.; refined petroleum to Cork, for
Receipta this
week at—
1876.
New
Orleans
Mobile
1871
1873.
ISVl.
51,4«
33,831
33.8 2
33,191
28,077
30,814
83.587
n,183
lt,M8
e,8:i
10,883
10,«»
J0.81J
80,046
*c
Port Royal,
3avauiiah
1874.
1875.
17,164
1,200 }
14,174
11,006
24,302
2I,e8»
2,J9a
862
27,.'i71
a7.40«
29,589
a3,017
25,436
16,7:8
16,874
10,019
1,500
1,370
562
551
11,579
7,<i75
8,902
6,875
3,992
Florida
1,170
723
;9J
801
967
587
Carolina
Norfolk
6,37J
2,456
5.0H
8«5
3,020
1,901
88,763
23,'J58
21,419
1-3,117
13,698
9.441
Ha
8,319
2,11)
2,037
8M
149,474
151,845
181,611
110,610
101 ,404
1,830,797! I,(l65,ai8
660.8-»
785,430
887,538
««S,60O
Indlanola, &c. (esl)
&c
Tonnesoee,
^fortll
City Point,
*c
1.892
Total this week
211,810
Total since Sept.
The exports
1....
1
[
9.464
9,008
week ending this evening reach a total of
which 51,620 were to Great Britain, 21,761 to
for the
89,461 bales, of
France, and 16,080 to rest of the Continent, while the stocks aa
made up
stocks
Below are the
this evening are now 719,915 bales.
and exports for the week, and also for the corresponding
week of
last season:
Exported to
Conti-
this
Same
week
nent.
week.
1875.
Total
Week ending
Not.
Qreat
10.
Prance
Britain
New OrleansMobile
16,439
Charleatoc...,
3,80 i
Savannah....
Galveeton*
8,148
.
.
New
York....
Norfolk.
7,927
21,531
8,060
Total this week..
Total since Sept.
1
Wt.
143,182
4,019
49,«43
5,866
15,972
103,912
S9.0S1
8,143
10,019
74,.331
91.307
5,698
76,952
70,913
21,023 141,8(3
£8,828
3,133
3,668
6,701
1,029
16,061
3,138
1876.
50,243 135,517
45,897
14,$02
2»,1C2
8,148
1,983
68,a33
35,600
1,503
4,610
1,395
35,000
19,400
2,145
Other portst
Stock.
51,68J
81,761
16.030
89,461
2W,<;43
10.1,6!)9
63,289
423,811
80,319 719,915 528,447
427.663
I
Galeeiton.—Oar Galvestou telegram
egrai
shows (besides above exports) on shipboard at th.it port, not cleared Por Liverpool, '.i?,565 halea; for other forel^B,
-aSib.ilei
for coastwise p >rt3, 3,329 bales
which. If deducted from the stock*
would leave remaining 42,772 bales.
t The exports this weet under fhe head of "other ne-ts'* Include from Baltimore 400 bales to Liverpool, and 500 bales to Bremen from Boston, 2.129 bale« t»
Liverpool; from PhlladelphU. 309 bales to Liverpool; from Wilmington, 1,OOB
bales to the Cont'nent.
;
.
;'
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an ineretue
In the exports this week of 9,142 bales, while the stocks to-night
are 193,468 bales more than they were at this time a year ago.
The following is our usual table showing the movement of cotton
at all the ports from Sept. 1 to Nov. 8, the latest mail dates:
BBOBIPTS
SIHCI 8IPT.
;
PORTS.
1876.
SXPOBTSD araoi seft.
I.
1875.
Great
Britain
France
Other
1
:
Coaat-
wise
Stock.
ToUl. Peru.
forel'n
237,774
203,011
68,273
53,854
10,737
122,364
31.437,
169,9eO
31,203
76,583
7,255
3,801
4,815
15.921
35,14*
34,4tt'
Chsriest'n •
167,843
137,137
18,945
10,594
5,751
39,293
88,227
86,SI»
Savannah
141,117
180,818
18,441
1,430
1,100
80.971
60,343
70,974
Qalveaton*.
141,508
134,031
19.589
4,561
3,983
83,133
58,732
65.490
The
New York..
11,011
17,915
65,597
4,696
6,314
76,639
nominal rate for grain to Cork for orders, 6?.
There have been moderate sales of naval stores, and prices
show firmness and in the case of the lower grades of rosins
flome advances; spirits turpentine quoted at 39c.; and common to
good strained rosin at $2 0-5@|2 15. In petroleum a better tone
exists at the close, with an improved business crude, in bulk,
Florida.....
3,63)
8,428
;
;
orders, 4s. 9d.; do. to Bristol, 4s. 3d.; do. to Trieste,
.58.
i^i.
;
;
life; refined, in bb!s., 26c. for ordinary test sales of 7,000 bbls.
high test at 27c. Ingot copper is easy and dull at 20i(320}c. for
Lake. Clover seed is firmer at 14J@15c. per lb. Timothy quoted
;
90@$2 per bueh. Whiskey is lower and closes dull
|1 09}@$1 10. Hides and leather are without further advance
at $1
at
N. Orleans.
MohUe
2,721
N. Carolina
87,S€8
27,063
Norfolk* ..
Other porta
167,707
181,9:6
11,750
16,2-1
9,251
18,37.3
Tot this yr.
1,003,987
Tot U«t yr.
•
2,711
21.981
11,750
113,636
1,685
20,058
218,821
78,933
37,189
331,350
9:5741 !09.f8«
47,549
90,109
317,344
18,304
42,700
16,000
Included Port Koyal, *o^ under the head of
Included ladlaaoia, Ac; under the head of Itorjvat M Inelndea Cllr
Under the head of CAirlMton
0ato&)(on la
l*5,77t.
3.1
is
Point, &c.
These mail returns do not correspond precise" y with the total of
the telegraphic figures, because in preparing them it is always
necessary to incorporate every correction made at the porte.
:
;
.
The market the past week has continued under the influence
of an active speculation, and prices greatly improved. In spots,
however, business has been but moderate, owing to the rapidity
•with which holders have advanced their views, buyers having
found it difficult to follow them. Quotations improved |c. on
Saturday, fc. on Wednesday, and Jc. to 12Jc. on Thursday, an
advance of lie from the lowest point In October. To day, however, the luarket was quiet and easier quotations being reduced
For future delivery, the market has been greatly excited
l-16c.
and prices rapidly advanced. Liverpool has been unusually
active, and prices are decidedly higher at that point for both
Bpots and futures. The leading Influence has been wholly speculative confidence, stimulated by the belief that receipts at the
ports will soon show a marked falling off, and that the consumption will exceed the supply at late prices; and the excessive
receipts had no effect in checking the advance till after the opening yesterday morning. The later dispatches from Liverpool
quoted arrivals at that market l-16d. cheaper, and our market
sympathized, closing with -most of the early advance lost. Today, the market was dull and unsettled.
The total sales for forward delivery for the week are 155,000
free on board. For Immediate delivery the
bales, including
total sales foot up this week 7,303 bales, including 2,668 for export, 3,357 for consumption, 1,184 for speculation, and 94 in
transit.
Of the above, 1,200 bales were to arrive. The following
vere the closing quotations to day:
—
CIUBlflcatlon.
per
Ordinary
New
ITplanda.
lb,
Strict Ordinary
Good Ordinary
Strict Good Ordinary
liOw Middling
Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
Fair
Texas.
Orleans.
lOV
10^
a
a
n%
@...
IOm
10 s<
'.0%
S..
a..
io«
».
•.
ll>i
IIH
UX
11%
Strict
.
®..
15-163.... 12 1-16 ®.,
13 3-16 a.... 12 S-16 a.,
ijx
».... '•2H
a..
11
»
®..
\0%
«>..
ll}|
®..
0..
0..
a..
®..
a..
p.
11 7-16
128. 16 «.,
12 3-16
12«
Vi%
12X
12X
12^
n%
m
•..
0.,
laji
«... 12<i^
13
«... ISX
13 11-16*. ... I3«
W4
a.
13)i
'-3X
14
U
OOOd Ordinary
Strict Good Ordinary.
10
105<
I
Low
I
Middling
Middling.,
Con- Spec- Tran-
Monday
:59
6S0
1,151
Tuesday
Thursday
mday
Total
Total.
sit.
68
871
'"ia '632' "iVs
no
359
600
Wednesday
330
33;
69
2,668
3,257
1,184
11
llM
1,066
2,203
Good
Low MldOrd'ry Ord'ry. Mldl'g. dllng.
cts.
9 11-16 10 9-16
9 11-16.10 9-16
Holiday
..Klec tlon.
94
1,S36
1,029
1,370
91
7,203
11
1.400
SOO
bales.
500
cts.
11 29-53
2,200
4,700
2j:00
1,300
1,300
1.400
11 15-16
11 31-32
IIH
21-^
IIX
\i%
12«
...12
i&
10l)s.n. 10tta..l2 3-16
10Js.n.tlth..l3 3-16
3,400
12 316
SOO
13 ;-83
10 1-16
10 5-16
10><
..
11 1-16
11 1-16
n%
n%
131-13
12 11-32
Vi%
12 13-33
13 7-16
12 15-32
12)4
12 17-33
13 9-16
2j00
1.000
SOO
SOO
100
SOO
100
law
300
12 9-s3
12 5-16
12 11.32
1,300
400
1.2U0
12X
1,-UO
Via
100.
12 18-32
400
13 31-33
12 l!-l«
12 33-32
V.%
For December.
41,000 total
u
l.iao
1.700
•ijta
31-33
11 11-16
11 23-32
8J0O
\\\
taa
•JO
11 25-32
11 13-16
tJOO.
1127-32
Sffi.
:11«
..
IW.
13 \-Si
12 3-83
4U0
Ua
3,600
4,000
13 5-3<
i2r.-i6
12 7-32
ajmo
12U
vea
vm
IvWO
12 5-ii
13 11-S2
2,000
...I2H
S,«)0 total Dec.
For January.
3,W0
117<
13 13-32
13 7-16
13 15-33
12X
n
ii-;6,i2v
n%
i2S-'.<
Vl}i
13 2J.3i
12 15-16
12 31-33
13 6-33
100
16,200 total
March.
For April.
12 17-33
13 9-16
12 19-32
135<
li 21-33
12 15-;6
12 81-32
13
13 1-33
13 1-16
13 E-32
13 3-16
IS 7-31
800
900
2,000
iOO
60O
800
Jan.
Vi%
13 5-3i
13 3-16
1,S00
I.ITO
3,100
13 ;-33
12!4
12 9-33
13 5-16
12 17-32
13 9-16
12 19-33
100
1,600
IOO
lie
100
ISX
\i%
12 2133
12 11-16
600
900
909
13 2^32
12 13-16
1.8X
13 5-16
13 :i-3;
6,lC0 total
13 27-33
\i%
12 29-83
185-:6
13 11-32
13X
1,000
IOC
700
18 13-32
SOJ
1817-82
3,900 total
June.
For July.
600
13
3133
1,100
IS
100
13 1-33
13 116
18 3-82
13 7-16
13 19-83
200
330
60O
200
20O
3,300 total
ISX
July.
12 23 32
100
13X
13 25-82
600
800
100
13X
na
18 iii
16 3-16
1,200
100
12
11 39-03
12 1-1»
February
March
13 3-16
K%
12X
Via
13 13-32
12 19-33
12 25-52
13 13-:6
IS 1-K
18 V33
12
13
12
12
12
13
\i 19-33
12 13-t6
12 3-32
18 i-'.K
18 ll-3i
18 7-:6
13 17-32
April
Mav
Jane
July
Aunst
11
13-16
13 l5-':a
13 3; -33
13 lS-18
12 3-82
1SS-1»
1C9V'
109«
U9X
4..«<
4.S0><
I^eslbture..,
2.389
46,600
1J)66
26.500
4.S..M
=.2C«^
S6.710
Rzobanse..
12 8-16
Il»
.,
S«fil
Sales snot
Total Tlslblesnpply.. ..baie8.2,269,307
2,112,171
2,104,-;57
1,888,460
1878.
67,777
8,000
American and other description! are ae follows
totals ot
r
146.000
835,000
3DJ.000
719,915
79.892
12,000
195,000
155,000
274,000
636,447
76,224
25,u0a
138,000
157,000
246.000
465 843
79.161
19,000
73.000
99.000
187.000
3S8.93a
57.777
8,000
baloi.1,684,807
1,251,671
1,106,007
763,710
891.000
65,250
215.250
145.000
42,000
419,000
101,250
2:18500
176,000
60,000
430,000
199,000
2IU.750
159,000
8iW,600
1,251,671
999,750
1,106,007
1,124,750
1,584,807
.bales ,2,259,307
2,112.171
2,104.757
1,88S,46
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Bgypt, BrazU, &c.,aaoat
230,000
29,600
119,000
180.000
66,000
96,000
13 8-16
o
n
*C
674,500
.
.
6 ll-16d.
1,600 total
Aug.
U-32
12 5-32
12 7-33
12 13-33
13 19-33
12 3',-33
12 31-'!2
IS 6-32
13
13
13
13 7-16
13 19-33
13 a-82
M6
13 7-16
18 17-33
IWX
1C9X
4.S0X
1,53"
4.
S3.900
S8,«/)
(OH
1,0 9
1
-S3
12k
13 11-16
I3K
13 I-I6
13X
109«
«.fOw
1.370
S3,9JO
768,710i
6%i.
8Hd.
These figures indicate an increase in the cotton in sight to-night
of 147,136 bales as compared with the same date of 1875, an
inereait of 154,550 bales as compared with the correspondine
date of 1874, and an iTterecue of 370,847 bales as compared
with 1873.
—that
At THE Interior Ports the movement
and shipments for the week and stock
corresponding week of 1875
statement
—
is
the receipts
and for the
set out in detail in the following
Week ending Nov
Qa
10., 1876.
14.083
is
to-nig:ht,
Week
ending Nov.
12, 187S,.
Receipts. Shipments. Stock,
8,136
2,287
3,868
8,314
4,146
23,a90
1,296
6,S15
1,776
3,227
2,684
4,216
21,093
1,241
21.37S
76,221.
NaehTille, Tenn...
21,704
1,943
4,932
15,632
1,620
12,807
7,205
7,280
7,8«3
6,200
84,488
4,049
Total, old ports
56.491
48,472
79,892
46,S:6
40,052
8.478
3,814
803
2,619
6,596
1,053
2,337
1,704
3.636
2,750
3,263
4,000
2,192
3,663
1,174
14,08>
1,535
2,491
14,519
7,006
«,851
1,435
2,462
1,862
3,601
1,245
2,90t
1,566
9,500
5,528'
8,1.36
903
584
2,038
1,641
931
1,350
1,944
9,751
14,471
3,207
6,404
8,763
6.000
Uommbus, Qa
Macon, Oa
Montgomery, Ala
.
Selma, Ala., tst
Mempliis, Tenn
Texas
. .
Tex.
2,101
6,767
3,267
910
.
Shreveport, lA.
^,.^63
Vicksbnrg, Miss....
6,883
Columbus, Miss...
95S
Eufaula, Als
Grlflln,
Atlanta.
3.800
1,089
Oa
Ga
8,366
2,800
S,709
12,197
6,6r3
Rome, Ga
Charlotte, N. C
St. Loois, Mo
Cincinnati, O
Total,
500
800
500
11
11-3!
i:-33
l'-11
37-32
31-33
l-:8
1,041,750
151.000
167,000
96.000
338,983
JeflTerson,
500
KoTomber.
December
January
11-16
1,056.750
178.000
246,000
60,000
465,843
79,164
19,000
Dallaf,
1,410
12 5.H
11 31-83
1.023,600
145,000
274,000
42.000
526,447
76,224
25,C00
ISH
following will show spot quotations, and the closing prices
bid for future delivery, at the several dates named :
MIDDUXS 1TPLAjn>S— AHIBtOAK OI.ASSir [OATIOK.
FrI.
Sat.
Hon.
Tues.
Wed.
Tburs.
FrI.
Onapot ...
IIX
\'%
12
13 ii
13 3-IS
:a
U
Total European stocks
809,500
India cotton afloat for Europe
18.1,000
American cotton afloat for Europe 893,000
6S,000
Egypt, Brazil, &c.,afloatforE'rope
Stock In United SUtes ports
719,915
StocklnU.S. interior ports
79,892
13,000
Onited States exports to-day
Angnsta,
For June.
600
500
400
200
100
18 1-16
13 3-32
13 5-32
13 17-83
Feb.
For Harcb.
aB-93
ii-Ai
339.750
Receipts. Shipments. Stock.
The
U
395,500
May.
For Augnst.
For May.
25.400 total
lOe
370,250
8.C00
50.500
12,600
I3.00O
14,000
Total continental porto
12,800 total April.
133.
300.
et«.
13 T-32
700
305
600
500
1335-33
1313-I«
13 37.3i
300
100
600
For February.
1.500
2,800
3,500
2,«X)
600
100
600
1,900
2,700
1.400
4.300
1,700
354,000
60,0Ci0
44,';50
Mce Middling Uplands, Llverp'l.
bales.
13H
1219-32
5.300
1,100
708,000
87,250
10,260
21,000
20.500
37,750
91,600
24,600
15,008
82,000
Total visible supply.
..
10 15-16
11 3-16
cts.
12 11.33
2.900
900
110
l.SOO
100
1,100
2,200
600
8,C00
3,200
13
6,500
7X10 toUl Not.
bales.
12 1-32
6.900,
661.250
140.750
10,250
52,750
17.250
85,500
83,880
S0,»00
7,750
28,000
455,5C0
157,250
4,000
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
.
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Ant-*erp
Stock at other continental ports..
Total East India,
Total American
yoT forward delivery the sales (including
free on board).
have reached during the week 155,000 bales (all middling or on
the basis of middliag), and the following ia a statement of the
sales and prices
For NoTember.
188,500
2,750
66.000
18,500
32,760
5i,250
10,510
6,000
8,000
Total Great Britain stock
StockatHavre
ToUlAmertcan
r]}eUTer«d on contract, during the weeK. 5,3)5 bales.
t»le«.
100
800
BOO
100 s.n
682,2.50
_
1
Ezp't. sump, ula'n
2«2
603,000
199.000
Stock at London
American afloat to Europe
Dclted States stock
United States interior stocks
United States expoiM to-day
:
Saturday
1874.
557,000
104,250
,
Stockat Liverpool
Scut Indian, Sra$U. Jbc.—
SALxe .
Kew
1876.
428,000
29,500
187S.
586,000
68,350
„
Liverpool stock
Continental stocks
a..
0.,
a..
11, 1876.
brought down to ThurHday € vening; hence, to make the totals the
complete figures for tonight (Nov. 10), we add the item of exports
from the United States, including in it the exports of Friday
only
—
Below we give the sales of spot and transit cotton and price of
Upland* at this market each day of the past week
Clauincatlon.
[NoTember
The Vtbiblk 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 and the afloat
for the Continent are this week's returns, and consequently
Of the above, the
American
STAINED.
100
..
THE CHRONICLK.
480
IKew
:
n«w ports
Total, all....
5,.374
2,665
2.319
7,739
6,933
(0,894
43,955
68,219
107.386
92,427
188,111
913
I
7,450.
5,ti4&
7,879
6.313
26,693
1,664
603
3,042
2,115
1,016
10,894
6,238
3,0M
2,008-
1,653
2,26a
35,259
32,767
33,594
81,635
72,819
109,6i6.
952
501
8,893
6,593
4,1.%
8,14».
The above totals show that the old interior stocks have
inertcued during the week 8,020 bales, and are to-niglit 8,668
The receipts at
bales more than at the same period last year.
the same towns have been 10,116 bales more than the same week
last vear.
—
Bombay Shipments. According to onr cable despatch received
bales shipped from Bombay to Oreat
to<lay, there have been
Britain the past week, and 5,000 bales to the Continent ; while
the receipts at Bombay during this week have been 6,000 bale*.
The movement since the 1st of January is as follows. These ar»
the figures of W. Nicol & Co., of Bombay, and are brought
down to Thursday, Nov. 9
.-Shipments this week'% ,-ShIpments since Jan. 1-n ,— Receipts.—~.
SlncaGreat
This
ConGreat
ConJan. I.
Britain, tlnent.
Total.
week.
Brltaln. tlnent. Total.
:
1878...
1875..
1874,..
6,000
..
..
6.000
5,000
..
.
J,OD0
5,000
6,000
6,000
561,000
778,000
806,000
388,000
949,000
424,000 1,202,000
376,000 1,182,000
6,000 1,042,000
6,000 1,264.000
4,000 1,235,000
:
November
THE
1876.]
11,
:
481
CHRONICDLE.
the toregolng It would appear that, compared with last
is a dtoreatt of 1,000 balea this year in the week's
ahlpments from Bombay to Europe, aod that the total movement
since January 1 shows a deoreoM in shipments of 353,000 bales
compared witu the corresponding period of 1873.
From
year, there
Wkathbb Reports by Telkoraph. —Our
telegrams received
The
to-night indicate good picking weather the past week.
election has, however, interfered somewhat with the work of
gathering in the crop, bat in most sections fair progress has been
made. Some of the Cotton Exchange crop reports for November
1 have been received by telegraph to-day, and show the condition
about the same as was indicated by last month's reports.
Oalvetton, Texat.
We have had no rain here this week, and
the weather has been magnificent, but picking has been interAbout two-thirds of the
fered with by the election excitement.
crop has now been gathered, and picking will be finished by
about the middle of December. Average thermometer during
the week, 65 highest 75, and lowest 53.
Indxanola, Texas. There has been no rain here this week.
The days have been warm, but the nights have been cold. Picking lias been interfered with by the election excitement. It will
The thermometer has averfinish here the last of this month.
aged 59, the highest being 75, and the lowest 43.
We have had a sprinkle on one day of the
Cortieana, Texas.
week, and a killing frost on two nights. Picking has been interfered with here by the election. Average thermometer, 59
highest 75, and lowest 40. The rainfall is eight hundredths of
an inch.
Dallas, Tejot. —There has been a shower on one day and
killing frosts en two nights.
The excitement with regard to the
election has interfered with picking there ia considerable yet in
»he fields.
Average thermometer, 60 highest 75, and lowest
The rainfall is ten hundredths of an inch. Wheat planting
S8.
has been delayed somewhat by apprehensions ef grasshoppers to
be hatched early next spring.
New Orleans, Louisiana. Telegram not received.
Witliio the past few days there has
BKreteport, Louisiana.
been a marked activity, among the merchants, in handling tiie
new staple. The weather during the week has been such as to
do away with complaints. The average thermometer is 59, the
highest being 77, and the lowest 41. The rainfall daring the
week has been thirteen hundredths of an inch.
Vicksburg, Mississippi. No rain has fallen all this week.
The thermometer has averaged 53, the extremes being 88 and 61).
Picking has been interfered with by the election excitement.
Oclumbus, Mississippi. The weather during the week has been
cold and dry, and we have had a killing frost.
We have had a week of fair weather.
Little Rock, Arkansas.
There has been rain (on Monday night), but it was afterwards
cooler and more agreeable. The staple in this section is about
Average thermometer 56, highest 81 and lowest
all gathered.
The rainfall for the week is forty-two hundredths of an
33.
—
European Cotton SuprLY and Consumption. —Our
will find in our editorial
Ellison
&
readers
columns the annual circular of Messrs.
Co., of Liverpool.
and useful paper.
We
could find no portion of
it
It is certainly a very intereating
have reproduced it in fall, becaosa wa
w« were willing to omit.
Gunny
Bags, Baooino, &c.— Bagging hai ruled quiet darinff
the past week, and only small parcels have moved. The demsnd
has not proved very large, and prices are quoted at prerioos
figures, holders evincing a trifle more steadiness, and at the close
are quoting ll}@ll}c. Bales are nominally held at 9^9^. for
India.
Butts have also ruled quiet, with small lots being takea
from store at 3 l-16@3^c., cash and time. A parcel of 500 bales,
now landing, was taken at about 3c. cash. At the close, 3 1-16(3
3^c. are the quotations.
Liverpool, Nov. 10—3:30 P. M.— By Cablb vrom LivkB'
pool.— Estimated sales of the day were 30,000 bales, of which
5,000 bales were for export and speculation.
Of to-day's sales,
10,100 bales were American. The weekly morement is given
as follows
;
—
—
;
Oct. JO.
Salesof theweek
(forwarded
Sales American
of wlilch exporters took
of whlcli specalatori took
Estimate etock
Total atuck, aclaal
Estimate American
of wliich Actaal American
Total Import of the week
of wblcti American
Actaalezport
Amonntattoat
of wtiicli American
The f oUowlnic table
;
;
—
—
—
—
—
inch.
It has rained on two days this week, the
Nashville, Tennessee.
rainfall reaching sixty-six hundredths of an imch. Average thermometer 49, highest 56 and lowest 43.
Memphis, Tennessee. It has rained on two days this week, the
Tlie averrainfall reaching twenty-five hundredths of an inch.
—
—
age thermometer is 49. The crop is now about three-fourths
The yield is about
picked, and will finish in about thirty days.
a fourth less than last year.
Mobile, Alabama. It has rained severely one day this week,
the rainfall reaching ninety-five hundredths of an inch. The
thermometer has averaged 56, the extremes being 38 and 75.
We have had a killing frost this wenk. Planters are sending
their cotton to market freely.
Montgomery, Alabama. We have had rain on two days this
week, and killing frosts on two nights. The thermometer has
The rainaveraged 53, the uighest being 74, and the lowest 33.
fall for the month of October is ninety-six hundredths of an inch.
Belma, Alabama. Telegram not received.
Madison, Florida. There has been no rain here all the week.
The average thermometer is 58, the highest 71, and the lowest
45. We have had a frost during the week, but not a killing
Planters are sending cotton to market freely.
frcst.
Our last week's telegram, which came late, and was only
partially inserted, stated also that there had been no rain daring
the week. About one-half of the crop had been marketed, and
picking had been interfered .with by the election excitement.
Maeon, Georgia. It has rained here on one day this week.
The average thermometer is 56, the highest 73, and the lowest 32.
Atlanta. Georgia. It has been ehowory two days this week,
the rainfall reaching twenty-eight hundredths of an inch. The
thermometer has averaged 52, the highest being 62, and the low-
—
—
—
—
—
—
est 34.
—
Colvm'ms, Georgia. Thn thermometer has ranged from 87 to
week, averaging 53. The rainfall for the week is
twenty-six hundredths of an inch.
Savannah, Georgia. The weather during the week has been
cold and dry, with light frosts.
Augusta, Georgia. It has rained lightly on two days the early
part of the week, but the latter part has been clear and pleasant.
The thermometer has averaged 55, the highest being 75, and the
lowest 89. The rainfall for the week is seventy-five hundredths
of an inch. Planters are sending their cotton to market freely.
Charleston, SotUh Carolina.
The weather during the week has
been cold and dry. There has been no rainfall. The average
thermometer is 59, the highest 79, and the lowest 44.
70, during the
—
—
—
bales.
SlMt.
Batnr.
Oct
88,000
J.OOO
80,000
4,0M
4,000
031,000
610,000
955,o6o
Not.
J7.
26,000
14,000
10,000
Ki.OOO
7i,000
Nov. 10
UJ.OO
lU.OOO
8.000
51,000
4,000
2^^000
7,000
44,000
1,000
61,000
iu'.m
474,666
4is°,666
m.m
mjoob
i97!666
47,000
16.000
9.000
17»,0O0
87,000
8:13.000
».
118,000
4.0O0
63,000
8,000
10,000
27,000
11,000
8,000
2S4.nno
iSa.OOO
48,000
S4,000
t.OOO
M0,000
1(7 .000
will aliow tlie dally closing prices of cotton for the wa«lc
Mob.
Mid. Uprds..®6V16 ..®0 ;-16
Mid. 0rrn9..(^X
-.^^H
Taes.
..(^t 6-16
&>iX
Wednea.
Tban.
Prl.
..(^ 7-16 ..®6X
..®6 U-IS
..®6X
..(SiX
..®6;i
Futures.
Saturdat — Oct.-Nov. abipment, Uplands, Low Mid.
clange. sail,
tS-
NoT.-Oec. ahlpment. Uplands, Low Mid. claase, sail, t%i.
Dec -Jan. ehipmenta. Uplands, Low Mid. clause, sail, 6 7-16d.
Jan.-Feb. sbipment, Uiilande, Low Mid. clause, sail, 6>4d.
Dac.-Jan. delivery. Uplands, Low Mid. clause, 6>id.
Jan.-Peb. delivery. Uplands, Low Mid. clause, 6Xd.
Feb. -Mar. shipments. Uplands, Low Mid. clause, sail, 6 lT-3i®>^d.
Jan.-Feb. delivery, Uplands. Low M!d. clause. 6 ll-3id.
Mar.-Apr. delivery, Uplands. Low Mid. clause. 6 l!v-31d.
Mar.-April delivery, Uplands. Low Mid. clause, 6 7-18d.
Kav.-Dec. ahipment. Uplands, Low Mid. clanse. Ball, 6 ll-8}^.16d.
Nov. delivery, Uplauds, Lew Mid. clause, 5-16d.
Feb. -Mar. delivery, Upla^ids, Low Mid. c'ause, 6 13-S!d.
Jan.-Feb. shipment, Uplands, Low Mid. clause, new crop, sail, 8 7-18d.
Jan.-Feb. shipment. Uplands, Low Mid. clause, new crop, not sail, 6 1}-3M.
•T«n.-Feb. shipment. Uplands, Low Mid. clanse, new crop, sail, 6 15-3<d.
Nov.-Dec. shipment. Uplands, L)wMid. clause, new crap, sail, 6 tl-39d.
Oct.-Nov. shipment. Uplands, Low Mid. clause, tew crop, sail, fijid.
Nov.-Dec. shipment. Uplands, Low Mid. clause, new crop, sail, 6Xd.
Jan.-Feb. shipment. Up ands. Low Mid. clause, new crop, sail, 6^'Sll^-SSd.
Jan.-Feb. delivery. Uplands, Low Mid. clanse, eji© ll-3Jd.
Mar -Apr. delivery, Uplands. Low Mid. clause. 6 15-8«d.
Feb.-Mar. delivery. Uplands. Low Mid. clause, 6 t 16d.
Nov.-Dec. shipment. Uplands, Low Mid. clause, new crop, sail, 6 ll-Sld.
Monday.— Dec.-Jan. delivery. Uplands. Low Mid. clause. 6Xd.
Feb. Mar. delivery. Uplands, Low .Mid clanse. 6 ll-82d.
Mar -Apt. delivery. Uplands, Low Mid. clau'e. 6?(@13S21.
Jan.-Feb. shipment. Uplands, Low Mid. clause, new crop sail, 6 7-183
li-8M.
Oct.-Nov. ahipmen*. Uplands, Low Mid. clanse. new crop, aall, 6V^-3'2d.
Nov.-Dec. shfpmont. Uplands. Low Mid. clause, 6l(d.
Dec -Jan. shipment, Uplands. Low Slid, clause, new crop sail, 6 5-16d.
Feb.-Mar. shipment, Uplands, Low Mid. clause, new crop sail, B 13-3id.
.lan.-Peb delivery. Uplands. Low Mid. clause, 6 9-3Jd.
Jan.-Feb. shipment. Uplands, Low v(l,.;. clause, new crop, sail, 6Xd.
d. clause, new crop, sail, Hii.
Nov -Dec. shipment. Uplands, Low
Dec.-Jan. delivery, Uplands, L«w Mid. clause, B 7-32d.
•
»
Jan.-Feb. delivery, Uul»nds, Low Mid. clause. 6Xd.
Feb.-Mar. delivery, Uulands, Low Mid. clause, 6 .-I6d.
Oct.-Nov. shipment. Uplands, Low Mid clause, new crop, sail, iHi.
Feb.-Mar. shipments. Uplands. Low Mid. clause, new crop, sail, « T-IM.
Nov. delivery. Uplands, Low Mid. clanse, 6 9-33d.
Mnr.-Apr. delivery, Uplands, Low Mid. claue. « 6-16d.
TutsDAT.—Jan.-Feb. delivery, Upla-ad^, Low Mid. clause, 6 ll-Sid.
Dec.-Jan. delivery. Uplands, Low Mid. clause, 6 5-16d.
Dec.-Jan. shipment, Uplands, Low Mid clanse. new crop, 6 7-16<L
Oc*,-Nov shipment. Upland;", l.«w Mid. clause, new crop, sail, 6 ll-SM.
Feb.-Mar. shipment. Uplands, Low Mid. clause, new crop, sail, 6 17-SM.
Mar.-Apr. delivery. Uplands, Low Mid. clanse, B 15-3Sd.
Apr -May delivery, Uplauds, Low Mid. clause, 6>id.
Oet-Nov. ahipment, Uplauds, Low Mid. clause, new crop, aall, iH«.
Nov.-Dec. shipment. Uplands, Low Mid. clause, new »rop, aall, BKd.
Feb -Mar. delivery. Uplands, Low Mid. clause, 6 IS-SJd.
Oct -Nov. shipment. Uplands. Low Mid. clanse. sail, 6 S-16d.
Nov -Dec shipment, Uplands, Low Mid. clanse, sail. 6 9-33d.
Dec -Jan. shipment. Uplands. Low Mid. clause, sail, 6 I8-3id.
Nov -Dec. shipment. Uplands, Low Mid. clause, sail. 6 6-16d.
Feb -Mar. delivery. Uplands. Low Mid. clanse. B II-SM.
Nov -Dec shipment, Uplands, Low Mid. clanse, str, <9-33d.
Feb -Mar. delivery, Uplands. Low Mid. clause, B^d.
Feb'-Mar. shipment", Uplands. Low Mid clause, sail, 6J4d.
Mar -Apr. delivery. Uplands. Low Mi i. clause, 6 1S-3M1.
Mar-4pr. delivery. Uplands, Low Mid. clause, 6 7-16d.
Feb'-Mar. ehiMment, Upland*, Low Mid clanse, new crop, sail, 6 I7-SM.
Feb -Mar. delivery, Ui la ds. Low Mid. clause. 6 18-8J i.
Jai -Feb. shipment, Upands. Low .\Hd. clanse, new crop, sail, 6V4iI.
Nov -Dec shipment. Upland.", Low Mid. cause, new crop, sail, 8 11-334.
Dec -.Ian. delivery, Unlai ds, Liw Mid. clause, 6 ll-32d.
Nov -Dee. hipment. Uplands, Low Mid. clause, new crop, sail, i)i<L
Jan -Feb. delivery. Upland?, Liiw Mid. clause, 6Xd.
Feb -Mar. shipment. Uplands, Low Mid. cUuse, new crop, sail, 6 9-16d.
crop, sail, 6X0.
Oct. -Nov. shipment, Uplands. Low MIL clause, now
Mar -Apr. delivery. Uplands, Low Mid. clause, B 15-3sd.
clause,
7-:6d.
Mid.
6
Feb -Mar delivery. Uplands, Low
Mar'.-Apr. delivery. Uplands, Low Mid. clause, cj>f d.
Nov.-Dec. Bhipmeut, Uplands. Lo-v Mlil. clanse. new crop, Btr, iHi.
VrsDNXsDAT —Oct -Nov fhipmeut, Uphnds, Low M.d. clause, tall, 8 7-180,
NoT.-Dec shlpmi nt. Uplands, Low Mid. clause, etr, 6)4d.
Dec.-Jan. al.ipment. Uplands. Low Mid. clause, sail, 8;<d.
Nov -Dec. shipment, Uplands, Low Mul. clauses ail, b 13-33d.
Jan.-P b. ahlpmeiit.JUpionds. Low Mid. ilanse. sail 6>4d.
clause, sail, b 7-M<Jl.
Not -Dec shipment. Uplands, Low
Dec.°-Jan. de'lverj Uplands, Low MW. clause, 6>{d.
ti
M
MM
,;
:
THE CHRONICLE
462
nw TOBK.
delivery. Upland*, Low Mid. clause, 6 13-3Sd.
Feb.-Mar. delivery, tTplands, Low Mid. clanae, 6Xd.
Jan. -Feb. deliveiy, Uplands, Low Mid. clitnse. 6 7-Kd.
Mar -Apr. delivery, Uplandf, Low Mid. c'.suee, «>sd,
K«r -April delivery. Uplands. Low Mid. clause, 6 9-16d.
Dec dellverv. Uplands, Low Mid. clause, 6 7-l«d.
, ,. ^.
Oct.-Nov. fhipment. Uplnnds, Low Mid clause, new crop, sail, 6 15-Sid.
Nov -Dec. shipments, Uplands, Low Mid. clause, new crop, tail, «Xd.
Oct -Nov. shipments. Uplands, Low Mid. clanse, new crop, sail, 6>id.
Jan.-Peb. delivery. Uplands. Low Mid. clause, 6'Ad.
Nov.-Dec. delivery. Uplands, Low Mid. clause, B 7-I8d.
Dec-Jan. hipmen', "Jldands, Low Mid. clause, now crop, sail, 6 9-16d.
Feb -Mar. shipments, Upands , Low Mid. clause, new crop, sail, 6Jid.
Feb.-M»r. sliipment. Uplands, Low Mid. clanse, new crop, sail, 6 il-iii.
Dec -Jan. delivery. Uplands. Low Mid. clause, 6 15-3id.
Mar.-Apr. delivery. Uplands, L^w Mid. clanse, 6Xd.
Jan.-Feb. fhlpment. Uplands. Uivi Mid. clause, new crop, sail, tjid.
Feb.-Mar. delivery, Lpands, Low Mid. c'ause, 6 17-3Jd.
Feb.- Mar. delivery, Up'ands, Low Mid. clanse. 6 9 16d.
Dct.-Nov. shipment, lln'ands. Low Mid. clanse, new crop, sail, 6 lB-3|a.
Oct -Nov. shipments. Uplands, Liw Mid. clause, new crop, sail, ejfd.
Dec-Jan. shli-ment. Uplands, Low Mid. clause, new crop, Bail, 6>id
Dec -Jan. delivery. Uplands, Low Mid. clanse, (j^d.
Feb.-Mar. fhlpment, Uplands, Low Mid. ilanee. sail, 6 11-16d.
Nov.-Dec. shipment. Uplands, Low Mid. clause, new crop, sal', 6 9-16d.
Jan.-Feb. shlpmeit, I plands. Low Mid. cUuse, new c:op, sail, 6 11-lCd.
Nov. delivery. Uplands, Low .Mid. clanse, 6>id.
Dec-Jan. shioment, Uplands, Low Mid. clause, new crop, sail, 6Xd.
Feb.-Ma.-. delivery, Uplands, Low Mid. c'.ause. 6Xd.
Feb.-Mar. shipment Uplands. Low Mid. clause, new crop, eail, 6 83-32d.
Mar.-Apr. delivery, Unland-, Low Mid. clause, 6 n-16d.
Oct.-Nov. shipment. Uplands, Low Mid. clause, new crop, sail, 6 9-16d.
Jan.-Fcb. delivery. Uplands, Low Mid. clause, 6 9-16d.
THUHSDAY.-Nov.-Dec. phlcment, Uplands Ixiw Mid. clause, sail, 6 9-16d.
Dec-Jan. shipment, Uplands, Low Mid. clause, sail, 6 19-39d.
Jan.-Feb. shipment, Uplands, Low Mid. clause, sail. 6>4d.
Dec-Jan. delivery Uplands, Low Mid. clause, » 17-32d.
J«n.-Feb. de.ivery. Uplands, Low Mid. clause, 6 9-)lid.
Feb.-Mar. delivery. Uplands, Low Mid. clau?e, 6 9- a@Hd.
Mar.-Apr. delivery, Uplands, Low Mid. clause, 6 ll-l'.@X@2I-3ad.
Mar.-Apr. delivery. Uplands. Low Mid. clause, 6>id.
Feb.-Mar. shipment. Uplands, Low M.d. clause, sail, 6 ll-16d.
Kov.-Dec shipment, tiplands. Low Mid clanse, new crop, sail, 6>^ail-16d
J«n.-Feb shipment. Uplands. Low Mid. clanse, new crop, sail, 6Xd.
Ocl.-Nov. shipment, Uplands. Low Mid clause, new crop, sail, 6>i®ll-16d.
Mar.-Apr. delivery, Uplands, Low Mid. clause, tiJid.
Feb.-Mar. delivery, Uplnnf s. Low Mid. clause, 6 ll-16d.
Nov.-Dec. delivery. Uplands, Low Mid. clause, 6%d.
Jan.-Feb. delivery, Upland*, Low Mid. clause, 6 ll-16d.
Fob.-Mar. shipment. Uplands, Low Mid. clause, new crop, sail, 6 ll-lfid.
Dec-Jan. shipment. Uplands, Low Mid clause, new crop, sail, 6 2i-8ad.
Oct.-Nov. shipments, Uplands, Low Mid. clause, ne* crop, sail, fi>id.
Nov.-Dec. shipment, UplaLds, Low Mid. clause, new crop, eail, 6 2!-3Jd.
Nov.-Dec. thlpment Upla-^ds, Low Mid. clanse, new crop, sail, 6 ll-16d.
Mar.-Apr. delivery. Uplands, Low Mid. clanse. 6 25-3-2d.
Nov.-Dec shipment, Uplands, Low Mid. clause, new crop, gall, 6Ji®}l-32
1
UOB'Ta rBOM
^jSa-Feb.
Thie
week.
New
Orleast..
Since
Sept
6',i94
Mobile
Florida
8'th Carolina
K'tb Carolina.
Virginia
Norih'rn Ports
1.
30,410
«).049
56,882
1,934
Savannah
'933
4,m
4571
Tenneeaee, 3k
Foreign
6,09
96.158
23,870
87,054
1,615
17,240
101
899
tWB year
41,9S6
Total last year.
26,039
Total
6,689
1B.169
sn
II
BmXOH.
aaLnxoiiB.
PHILAim.P'lA
This Since ThU Since This Since
week. Septl. week. Septl. week. Septl
Lwe
]',352
'cm
e06
486
5',4S9
498
3487
1,883
16,792
3,338
19
3,768
3,76i
18.380
14,169
1,663
7^482
12,039
4i,tA:
1,60?
9,360
1,315
86,993
I.SIS
9,146
4,948
34,769
'~7,045
83,7!W
—
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
82,690 bales.
are the same exports reported by telegraph, and published in
The Chronicle last Friday. With regard to New York, we
Include the manifests of all vessels cleared up to Wednesday
nicrht of this week.
^
Total bales.
per steamrsTyoo Brahe, J,018 ...Wiscon8.214. ...Ciiy of Richmond, 502. ...Span, 1,808.... Algeria,
Island
...Per ships James Foster, Jr., 2,399....
14
Sea
1,679 acd
14,689
Dnnrobln, 2.068 ...Nagnore, !,2C0
Niw York—To Liverpool,
@n-16d.
Feb.-Mar. delivery. Uplands, Low Mid. clause, 6Kd.
Dec. Jan. shipment. Uplands, Low .Mid, clause, new crop, sail, 6 11-ltfd.
ptUDAT.— Oct-Nov. shipment. Uplands. Low Mid. clanse, sail, 6^d.
Nov.-Dec shipment. Uplands, Low Mid cl'nse, sa I, 6 21-.ljd.
Jan.-Feb. thipraent. Uplands, Low Mid. clause, sail. OJ^d.
Nov. delivery. Uplands, Low Mid. claise, fi 19-3i@9-16d.
Jan.-Peb. delivery, Uplauds, Low Mid clause, 6Jid.
Feh.-Mar. dt.-livery. Uplands, Low Mid. clanse, 6Jia.
Mar.-Apr. delivery. Uplands, Low Mid. clause, 6 '.l-16d.
Nov.-Dec shipment. Uplands, Lon Mid. cl»nse. new crop, sail, CJid.
Dec. -Jan. de ivtry. Uplands, Low .Mid. clinse, B 17 a8d.
Jan.-Fel>. delivery, Uplands, Low Mid. clause, 6 9-'6d.
Mar.-Apr. delivery. Uplands, Low Mid. clause, 6 2l-32d.
Feb.-Mar. delivery, Upl: nds. Low Mid. clause, 6 19-32d.
Nov.-D c. dflivery, Uplatds, Low Mid clau=e 6 9-16d.
Feb. Mar sl.ipments, Up'aads, L w Mid. clanse, new crop, sail, 6Kd.
Feb. Mar. delivery, Uplinds, low Mid. clause, ti^d.
Mar.-Apr. delivery, I plands. Low Mid. clause, BS8il9-3Jd.
Jan.-Feb. deliveiy. Uplands, Low Mid. clause, 6>i<\.
Mar.-Apr. delivery. Uplands, Low .Mid. clause, 6 l9-3'2d.
Deo. -Jan. shipment. Upland Low Mid. clanse, new crop, sail, 6 21-32d.
Nov.-Dec. shipment, if plands. Low Mid. clause, new crop, sai', 6 9-lBd.
Oct-Nov. shipment. Uplands, Low Mid. clause, new crop, sail, 6 n-3id.
Nov.-Dec. shipment. Orleans, Low Mid, clause, steamer, ti 11-lBd,
Dec-Jan. delivery, UpUnds, Liow Mid. clause, B^d.
IIar.-.\pr. delivery. Uplands, Low Mid. clanse, S !9-!2d.
Jan.-Keb. shipment. Uplands, Low Mid. clanse, new crop, eail, 6 21- S'2^fi
Mar.-*pr. deilvry, Uplinds, L>w Mid. clanse, 6 9-18d.
Dec.-Jau. shipment. Uplands, L^w Mid. clause, new crop. Ball, 6^d.
',
The Exports op Cotton fronn Now York, this week, sliow an
increase, as compared with last week, the total reaching 16,061
bales, against 10,509 bales last week.
Below we give our usual
table showing tbe exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
•ad direction since Sept. 1, 1876; and in the last column the total
for the
period of the previous year:
wme
zportaolCottonCbaleal front
I^November 11, 1876.
New York alaoe Sept. 1| 1ST6
sin,
930
614
385
To Havre, per steimer Labrador, 230
To Bremen, per steamer Weser, 614
To Hamburg, per steamer Gellert, 385
New Oblbaxs—To LIveerpool, per steamers Memphis,
4,616,
acd 23
pack8Beedcotton....Ha3't!an, 4.744 ...City of Mecca, 6,854
To Havr , per ship Mary E. Risi-s, -1,864 .. Per bark Harold, 2,175.
To Hreinen, per steamer Tran^fort, i,B15
To Revel, per steamer Minerva, 3,340
To Genoa, per brii; Flora Goodale, l.liO
To Malaga, per bark Risoluto, 810
MoBiiiB— To LIverp ol, per ship Annie Goudy, 3,816
To Revel, per steamer Standard, 3,603
To Barcelona, per brig Elegan.i', 225
Chabieston— To L verponi, per barks Nydia, 8,587 npland and 25 Sea
Island. ...Manuel, 1,200 upland
To Havre, per bark Robert Kelly, £,500 upland
Savannah— To- Liverpool, per ship Savannah, 4,455 Upland.
8,340
1,120
810
8,816
3,800
225
3,782
2,500
..
per bark
7,882
Gerhard, 2,827 Upland
To Coik
14,70B
6,530
2,6:5
or Falmouth for orders per brig Giossberzogin Anna, 1,100
—
Upland
1.100
Texas—To
Liverpool, per ships Natant, 3,152; Lancaster, 4,193...
per liark Omoa, 1,057
To Havr, per b.rk Blackpool, 885
To Bremen, per brig Adonis, 479
,
WiLMiNOTON- To Cork or Falmonia for orde s, per nark Electa, l,«:il..
per bark
Baltimore— To Bremen, per steamer Braunschweig, 651
Clara, 300
Boston— To Liverpool, per steamers Alias, 361; Iberian, 1,I40
To St. John, N. B., via Yarmouth, N. »., per steamer Dominion, 25.
Philadelphia—To Li f erpool, v>er cteamer Ohio, 453
8,40i
*»
479
1,631
*°},
2,lbS
25
458
iioM
Tolal
The particulars of these shipments, arranged in our usual form
are as follows
Mal- BarceBreLiverp )ol. Cork. Havre. men. Revel. Genoa. aga. lona. Total.
New York
N-w Orleans...
14,8(2
..
...14,70-2
Mobile
..
C
... 3,7SJ
.. 7,-83
... 8,407
larleston
Savannah
Wllm
....
....
S30
644
6,519
2,615
ngton....
••
3,1 10
bio
I,i20
8,800
.1,-16
....
2.500
1,103
...
...
8S5
<
••
....
•
47H
1,631
•
....
]S.''^-,i
89,126
225
7,841
....
....
....
....
6,282
8,a8i
.
2,187
....
458
9,-:71
1,631
95i
Boston
Philadelphia
.".'.;
iMi
.. ....
458
ToUl
.55,411
'.".'.
—
".'.'.
....
2,711 10,15*
4,<:89
Included in tha above totals are, from
frcm Boston, 25 Dales to St. John, N. B.
7,140
'.'.'.'.
.
..
.
S25 82,690
610
835 bales to HamLnrg
1,140
New York
Below we give all news received to date of disasters, &c., to
vessels carrying cotton from United States ports :
Lizzie, str.. while on her way down from Houston to Galveston, Oct. 26. with
a cargo of Bi4 bales cotton, ran on the boiler of the steamer Matamoras, wh'ch blew up a short time ago and lies right in the channel, and
stove a hole in her bo-v. The steamer took her cargo into port and
returned to the ship-yard for repairs.
Oberon (Br.), str from .N'ew Orleans for Liverpool, which pnt into Norfolk
in distress, and with captain (Burnett) injured, completed her repairs,
,
and
sailed, Oct. 3
',
P.
M., for destination.
Btr., Snow, frcm Galveston for Providence, before reported
towed to Lewes, Del., with loss of propeller, ariived at Philadelphia,
POTTETiLLE,
Oct. 31.
Same
Total
ZPORTIO TO
Oct
Oct.
Nov.
Nov,
to
date.
18.
S5.
8,395
7,997
7.031
2,283
11,802
77,616
2,783
7«,523
1,441
Tvtal to Gt. Britain
8,295
1,997
9,311
14,803
80,399
77,967
142
100
S30
Havre
Otbei French
8.
893
ports.:
Other ports
Xotal to N. Europe,
eays:
John
carrying of passengers. This fact, however, has not contributed to the
lo.'S of the vessel or hir crew, as there was an abundant snpply of lifesaving appliances on board, had the circumstances been 8u:h as to have
made such means available." He says: "If the steering gear of the
steamer had not been disarranged, she won:d in all probability have
outlived the storid,
Shay (Br), brig, from New Orleans for Havre, put into St. Michaels
Octt!,reportingihatlhe vessel was too light,,' rans thipped 39 bales cotton
s ufflcieut ballast and pr»to steamer Luso for Lisbon. Would talie
„..,,,
m
V«tal French..
Jkemesand Hanover.
Hanbarg
on the wreck ef ihe steamer Rebecca Clyde,
"The steamer having been inspected as a freight steamer only,
and not allowed by the inspectors' certlficJte to carry passengers, there
would seem here to have been an evasion ot the law prohibiiine the
vessels, in his final report
period
prev'us
year.
Urerpool
Other BrlUeh Ports.
1.
^
. ^
Rebecca Clyde, str.— Captain John Menehaw, supervising inspector of steam
143
233
4,928
858
4,613
1,310
1,45C
8,30!
4,761
7,378
»I.B3S
9f,0
671
818
614
3^9
450
50
so
197
60
385
671
1,095
1,039
9,461
FjuantLiN (sch.), GUderdale, from Galveston for New York, before reported,
pat into Charleston in distress, reports Oa the 18th of Ocioiier, oir
Caryfort Light, had a freih gale, wind veering front K. to E S. E and
was workinu throogh the Florida Strait* |under storm-trysail, foresail,
and forests ysail; on the 2)th the wind increased, with a hii;h sea; on
Hie 31«t the stonn-Irysai' gave way and went to pieces, when set the
balance of reefed mainsail the schooner wiS at this time laboring
heavily and shipping teas, causing her to leak, the hands being
engaged at the puops to keep her free ; the wind afterward! changed to
the N. W., and b'.eiv with great violence, thrjwin" he vessel ou her
beam ends, submerging the lee siie completely and washing away five
bales ef cotton, a wjter tant and other articles, and wetting articles in
csbin ; the wind and sea at this lime were terrible rua bjfora the sea,
but was struck by a heavy gust, which tore the sails, unshipped the
steering g. ar. wheu she thipped a sea, wliich carried every Uose article
before It a drag was got over to keep the vessel's head to sea, and the
rudder temporarily fixed.
:
,
;
ptio,Oporto A Qlbraltar Ac
Allotlierg
850
1
Votal Spain,
4ce...
««« TetaK....
The following
350
ln..509
ini.TSS
are the receipts of cotton at New York, Boston.
Fhiladelpliiaand Baltimore for the last week, and since Sept. 1, '7(j';
;
;
:
November
:
,
THE CHKONIGLR
11, lb76.]
BRE ADSTUFFS.
The
hM bean
market
flour
KBOBIPTS or rL90B ANOaRAIH AT aBABOARD F0BT8 FOB TQC
tVBEK ENDED NOV. 4. 1876.
Flonr,
Wheat,
Com,
Oats,
Barley,
Hjf,
p. M.. Not. 10, 1876
FaiDAT.
weaken
generally qaiet aod prices
483
Foreign advices were not favorable to shippers, and local
trade was quite slow. Still, supplies were not lar^fu, and tUere
was not mach presjure to sell. Therd is, therefore, no important
reduction In prices. The ooncesaiona to effect sales have been
exceptional, and towards the close rather more steadiness of tone
ia^.
At—
bath.
bbl«.
.VewTork
1')0,8I3
Boston
Portland
Montreal*
67,S90
8,503
26,850
il,09l
25.133
12,1W)
Philadelphia
Baltimore
SewOrloans
Total
647.191
«,I1S8
400
14\S4IO
149.1(»
l,l!»
552,558
5.7,411
510,816
47.3,188
270 76 29.5.133 21,8H9,160
.5,!51,.'«>3
1,679.856
activity
an J with an unsettled
some extent
amber and white. Receipts
any
and general trade is
are not excessive at
demand
point, hut are fully equal to the
;
•quite sluggish, with no spirit to the spscuUtioa.
was rather more
•close
has
To-day, the
steady.
Indian corn declined early in the week, but subsequently recov
ered a
and was moderately active
53J@59c. for stil mixed.
A feature of the week's business was the appearance on the market
of Western mixed corn of the crop of 1876, which sold to a
moderate extent at 55c. It was in fair condition, and was taken
by shippers for mixing with dry samples of old. To-day, there
was but a moderate supply, and a firm<)r feeling.
Rye has ruled firmer, with late e&les of Canada in bond at 88@
little,
at
Barley and barley malt have remained quite dull. Oats
have met with a good demand, and prices have had a slight up-
92c.
8,i'87,161 15,7«i,38»
In store at
In store at
In store at
In store at
In store at
;..
Peoria
Boston
Toronto
Montreal
Indianapolis
Instoreat I'hila.lelphta
Oct. 28. 1876
Oct. 21, 1876
Nov. 6, 1373
ern
4 40a
•Brtra State, &c
5 a)a
Western Spring Wheat
extras
6 153
do XX and XXX
6 50®
do winter X and XX.. 5 -253
Unsound and sour flour.. 3 00®
'City shipping extras.
..
5 2.59
City trade and family
brands
6 753
Southern bakers' and fa.
mllyorands
7
5
Bonthern Bhlpp'g extras.
Ryofloar, snperflae
Cornmeal— Western, &c.
Oorn meal— Br'wine. &c.
.
The movement
lows
:
Floor, bble.
<J. meal, " .
Wheat, has.
".
Oorn,
" .
Bye,
Barley.".
Oats ..."
.
4
S
3
Obiih.
Wheat—No.3 3prlng,b»«L
|
5
7
8
5
B
40
2^
iS
CO
25
Jfo. S sprlC)?
1
I
spring
1
Red Western
Amber do
White
1
1
|
6 00
1
|
25
s IS
S 10
3 Oil
3 40
State,
1
Barloy
1876.
J.an. 1.
3.3
I
40
6}
E83
SH®
153
sua
503
^
1
market has been as
60
30
4S
50
15
1
....
1876.
.
7S,9!8
3.902
.
34,336
l,640,7ii)
4-(,«50
2,i0»
146.949
2>,0B9,907
lO.l'W lj,507.63«
14,193
927,752
....
9,223
2,577
502,587
bac^h.
bush.
hash.
hash.
!,018,23i
S,J(!6,003
1,002.391
11,000
412.051
5,556.686
1.233,523
407..5:i8
33.0fO
21, "10
4;'.4I1
25«,a0)
411,0:1
294,381
1200
l,5j9,0r;6
59,940
9!i0,<10
I,56t
13).I69
217,;48
6C9,!6«
210,067
500,000
473 125
97,555
2.»a.f^5
6-),3-8
89,194
8\000
6O,0iO
704,',16
218,'i80
iS.OH)
806,061
199.(31
411.000
8U,2M6
SII.SIS
31,011
1,W0
30.6'.>9
8128:9
8>,?03
69,198
576,131
7,468
161
35,C00
10.500
3*,738
114,20)
7,181
5.138
227,^75
?69,'«4
16,09)
195.000
131.792
760.746
633,981
l.wj.ira
71.5(2
3J8,577
IS.',")*!
78;M95
531,517
....
tS;,600
16,305
.11.214,298
9.651,153
3,3fl6,3l8
4,206 893
ll',9 6,195 lO.lOI.Ml
10,410,056 10.088.853
12,762,910 4,083,832
3,390,621
3,-257.'85
,3,646,lH2
3.3I3.-245
916,850
852,587
869,544
3,619,473
2,171,1,36
41'',14J
.S3,.576
H!,ri8
1-30,389
400
...
40.619
572,755
ZSXWO
23,842
72,961
83.000
40,310
90000
Sl\i.01
...
967
12.368
18,000
8,500
;0,319
80.265
THE DRY aOOD3 TRADE.
FatDiT,
The volume
P. M..
Nov.
10
1878.
business was light the past wee!;, on account of
the political excitement, which kept many buyers out of the
ot
market. Package houses received a good many small orders
from jobbers in the South and We<t, but persona! selection.s were
few and unimportant. There was some inquiry for cottonades by
the clothing trade, and converters
showed a
disposition
to
take
1
15
inclined to press sales at less than mark-t prices, because of the
advancing tendency of cottou. The print-cloth market which
has been q'aiet for some time became more active, and prices
advanced to 4ic., cash, which figure was offered ax, the close
of the week for the best extra C4r64 cloths. There was a quiet
movement in men's-wear woolens, but clothiers have begun to
canvass the market for job lots ot light-weight cassimeres, &c.,
and a few transactions occurred on private terms. Foreign goojs
continued dull in private hands, and owing to the small number
of buyers in the market, no important sales were made in the
fol-
Since
Jan. 1.
....
COO
Ur,237
1,918
sm.lW
Ul.MT
a.^Sl.lltl
8 005,i.8J 1,076,495
1
1,621,158
156 1T8
23,516,001
11,964,900
159,95J
110
635,314
316,410
5,212
r,,0'.V,iyr
considerable lots of brown cottons, &c., when offared at a concession from Tiominal holding rates, but, as a rule; holders are not
1
1875.
For the
week.
42!),r,9»
1
.
Since
Jan. 1.
23,a»
1,08I,9»
90
U5
25
xzpobts frok kiw roBK,— —
Since
For the
Jan. 1. '75. week.
3,451,489 3,157.678
157,717
109,978
4.37,400 22,21!.791 27,726,875
385,95124,147,149 20,412,719
13,950 1,195,277
n\\S2
204,895 4.409,017 32!5,S19
151,147 10,444,280 8,720,419
80®
80a
10®
9ia
...
.
61)
6!
f.aa.
Canadian
Peas-Canada.bondJtfrtie
I
,
Since
week.
1
4rowed
Mat—State
25
45®
State, 2-rowed
|
3J
I
as)3
Rye
Oats— Mixed
White
Barley— Canada West.
1
1
1
.
|
1
2n
87
1
1
Soaftern
I
H©
273
12i
1
Corn-West'n mlx'd.
Ye'.low Western,
|
Haw TOSa.—V
For the
$I 103
No.
I
in breadstuSs at this
r—BKCnPTS AT
.
4 8>
3 40
00^8
40®
5aa
MiJ
30a
I
'
t«,41»
440,060
rO.OO)
lastoreat Dotrolt
Cn store at Oswegii
In store at St. Louis
The following
I
m.Olf
47li,»4!»
»0,0S\0SS 1h,9i5,«59
bash.
In store at New York
la More at Albany
In store at Bufr»lo
In store at Chi caso
[n store at Milwaukee
In store at Duluth
[Q store at Toledo
Total
VSMXSR.
l>,t3
:
•quoted at 37i@38c.
-90
90
SPj
?_ J IV y .v; •!•¥„''''! i^ 40a 3
Baperdne
State A 'West-
aM
Thb VisibTjB BnppLT OP Grain, comprising the stock in
granary at cLe principal pointa of accumulation at lake and
seaboard ports, in transit by rail, on the New York canals and on
the lakes, Nov. 4, 1876
Wheat,
Com,
Oats,
Barley,
Rye,
ward tendency, especially the better qualities, the supply of Li store at Bnltlmore
Lalic fhipnipnta.-jveek
which bears but a small proportioa to the ajtgregate quantity Rail shipments, week
On
New York canals
offering.
To-day, the market was very firm, with No. 3 mixed
are closing quotations
631,649
9,137.691 51,755,365 46,741,118 17.816.801
8,118,368 4!, 376.216 4I,16),794 19,919,009
•.AndlloLtreal, 11,844 bu>h peas.
Fine winter wheat has brought very
seadily accepted by holders.
full prices for
New No. 2 Chicago
tone.
at $1 35, but this pricd is not
61700
1
I,ril
!,39t,911
2,067,077
455,611
1,151,101
much
t7,<iC4)
buab.
80,M9
hnsh.
87.600
76,»i«
261,266
latterly been placed to
923,6)8
80,»5«
51,9-24
Prevloaaweek
»W,'63
wan developed. But to-day the market was quiet and weak.
Cor. week '75
*9»,955
The wheat market has been, on the whole, dnopiag, without ToUl Jan. 1 to date. 8. 175. 128
S«metlmel875
Same time 1874
Same time I-CS
hush.
S7I,11S
Tl.TW)
7,000
85,114
lW,69i)
10,400
S9.060
SM.Itrs
846,000
1IP,(180
3ii.4-.9
hash.
469,.'5«2
—
—
The following tables show the Qrain in siifht and the moreauction rooms.
mant of Breadatuffs to the latest mall dates:
DOMESTIC OOTTON GOODS. TliBTe was a moderate export deKBOaiPTg AT LAKE AND RI7EB PORTS FOR THB WBBK SNDIKO mand for domestics, and 800 packages were shipped
to foreign
NOV. 4, 1376, ANO PRO.M JAN. 1, 1876, TO NOV. 4, 1876
—
:
Wheat,
Floor,
bb
At—
Chicago
miwankee
_.
—
Toledo
Detroit
Oioveland*
Loais
Peoria
Dalnth
St.
bush.
8.
(136 lbs.)
48,411
55,i60
1,635
10,113
2.650
S7,S4S
4,IJ37
4,«,O0
(60 lbs.)
680,456
567,713
2)8,-l.Jl
100,4!3
8,150
Corn,
bush.
(56 IWs.l
748,95)
85.190
297.6S6
4.279
6,60)
3i>4.52'.)
3M,H30
12.S40
30,OJO
68,400
Otts,
bush.
(32 lbs.)
2il,H7
Barley,
bush.
Rye,
bush.
(48 lbs.) (5R lbs.)
191.211
8l,2;i4
34.710
28,731
81,777
8,2tO
380
7.iO
.30,850
12,475
18,200
739
86,528
14.48(
16,990
12,700
105,3^1
47,200
12,400
markets, including 261 packages to Great Britain, 171 to New
Granada, 159 to Hayti, 63 to Cuba, 69 to Mexico, 29 to Africa,
etc.
Brown cottons were sold in small lots to jo'ibers, and con-
amounts
exporters and converters.
Bleached shirt-
ings ruled quiet, and wide sheetings were dull.
Coiored cottons
siderable
moved
to
slowly, except cheviots and cottonades, which were taken
Corset jeans and satteana were lightly dealt
and there was not much inquiry for rolled jaccoaets or glazed
cambrics, but tiiesias were taken a little more freely by the
clothing trade. Grain bags were a shade more active, and warps,
twines and batts were in steady reqnest. Prints were in limited
demand, and dress ginghams were fairly active, although staple
in moderate lots.
in,
Total
Previous week
Oorresp'ng week, "15.
74.
153,737
15\0tl6
150,912
ia3,910
Total Jan. 1 to date, 4, 558,757
Same time 1875
4, 105,813
Same time 1874..
5, 328.678
Same time 187i
5 ,351,6-)7
Total Ang. 1 to date .1 ,622,939
Same time 1875
1 ,47i,89l
Same time 1874
1 ,688,817
Same time 1873
1 ,789,802
•
l,!.15,0il
l,93b,.30i
1.375,768
1,545,717
729.571
674,8il
490,667
494,944
816,316
3.'9,295
831,079
47.431,528
58.6:0,0l<
70,39«,80)
57,918,243
7i,'»8',793 22.397,969
43.155,616 22,7-26,3;6
6-2,651,S2l 21,327,870
67,774,637 27.38:;,432
7,110,664
4,806,004
5,1W,62-'
6,080.813
20,937,390
28.201.116
27.428.54*
32,788,228
29,885,445 8,511,261 4,141.425 1,145,^74
15.417. 057 12,061,917 3.850,719
990,290
14,261,155 9,750,610 2,9 17,431
483,8 18
2),661,»32 9,673,508 8,639,161
778,378
2,331,203
1,812,242
402,991
452,420
298,.'540
121,387
96,602
72,968
89,144
2.213,890
2,«5I,'02
1,359,935
1,I8J,'256
ports of Chicago,
Milwaukee, Toledo, Detroit, Cleveland, St. Louis, Peoria and
Duluth from Jan. 1 to Nov. 4, inclusive, for four years
Floor,
Wh'at,
bbls.
bush.
Corn,
bush.
Nov. 4. '76. .3.9o5.421 4-J,5a'',579 68,309,603
Same time 1875
.4.478,256 50,677,931 33,904,414
BoiTiR time 1874 ... .4,9IJ,534 55,9;7.:!M 41,369,927
84uaetime 1873.... 5,477,23 J 80,186,83? 46,887,010
L
1 to
quiet.
Woolen Goods.—MenV-wear
woolens were com-
paratively quiet in the bands of both agents and jobbers, bnt
prices were maintained on all desirable fabrics. Plain and fancy
overcoatings were sold in small lots to a fair amount.
Bitimated.
SHIPMENTS OF FLOmi AND GRAIN from the
Jan.
makes ruled
Domestic
Oats,
bush.
Burley,
Ry«,
l>ush.
bash.
18,,.301.719 2 970,617
1« ,87;i,fi86 2,'ll3,.'i81
1,797.73)
758,017
15 .419.2i5 •.',=111,1^4 8,8)1,683
V-\,935,751 3 433,055 1,266,0)1
Cloths and
doeskins were devoid of animation, but desirable makes of fancy
cassimeres met with a fair distribution, although purchases were
mistly lestricted 10 moderate lots. There was some inquiry for
by clothiers, but transacwere few, because of the discrepancy between the views of
holders an 1 buyers as to price. Worsted coatings were in less
active demand, a'though some additional orders were placed for
old styles of light-weight cassimeres
tions
—
:
—
,
:
IHE CHRONICLE.
484
[Norembtr
11, 1876.
Bzporla of beallluK Article* from Reir York.
and repelThe following table, compiled from Custom House returns,
lent* were seTeralljr quiet.and gelectiona of flannels and blankets shows the exports of leading articles from the port «f New
were very light. Worsted dress goods and trimmed felt skirts York since Jan. 1, 1876, to all the principal foreign countries,
and also the totals for the last week, and since Jan. 1. The
changed hands in fair amounts, but shawls moved slowly, and last two lines show eci<a2
i)a2u««, including the value of all other
hosiery.
woolen
animation
in
there was not much
articles besides those mentioned in the table.
FoRBiQN Dry Qoodb.— Business was very quiet with Importers,
but prices for the most staple fabrics were fairly maintained.
(C^«5-^ •-&««
«OQi
CO
*t
n
to
Black silks were in moderate request and steady, and there was
a fair inquiry for silk velvets and ribbons. Cashmeres, merinos
otoit
H? V^ «U vv
Jt-o-.o 1— C4 ^ to e« c- CO •or- OosS sir- ts*Od^«i 84 ;o _cot^mco mm o tf lO «o
«nd drap d'ete were taken in small lots, but black alpacas and
?'
'
fancy inai fabrics ruled quiet. Linen goods were quiet and
'Si: si s s s !; g 2s s 5 p ss s 8 s'8 s: S'i § s si S 2
lacked
animation,
embroideries
and
•teady. White goods, laces
»nd dress, cloak and mantilla trimmings were offered at auction,
;; :MSS8£S2SSKii :«M.
where low prices were realized. Men's -wear woolens continued
ss
dull, and there was only a moderate movement in hosiery and
oottoD-warp makes.
jeani, tweeds
Kentucky
Satlnetn,
V.^ ^'^
•
^fc'
1
gloves.
f
Wt annex
Imprcaa
few articles of domestic manufacture
Cotton Yarns.
prices of a
t to 13.
Ssrgeant
31
31
IIXL etolS
8 to 13.
Ixxx
InaportAtlona or Drr Qoodc.
PaDdleton do
I
I
FoBtenoy
do
.
s
O
«» £ct
3"
b»
31
31
do
1874
.
cotton.. 483
.
1875
Valne.
Pktrt.
6S9
$229,363
,
.
774
495
319
173,046
875,734
107,9il
90,510
3,S29
$969,135
eilk
flax
Iseellansons dry goods
Total.
651
380
161.419
881,181
140.764
108.965
3,574
$931,637
S7.3
408
1876
.
»-
iSSSSP
:S •«*-—•
t"^
•25
§«
•
•-••V
cotton..
2(11
sUk
67
4S7
602
67,507
88,529
113,959
47,730
si
PkK«. Valne.
894
506
379
m.437
333
387,85!
102.714
83,680
3,031
$756,333
6-29
1.P49
2,633
$511,150
969,425
flax
Wscallaneoas dry goods.
IW
1,523
2,574
$410,570
931,687
984
2,031
$205,048
756,302
3,79:
1,33J,307
3,015
$961,350
73
349
341
:04
;i32-
•
totoi
3S3i:
.
4ddent'4roreon8ampt'n
rotal thrown upon m'k't. 4,578 $1,430,575
- ._
-
-_«
to
:2
:
i-i«-l
sS
:
3S
K F* w S^—i S S
2'2
SB"
o
;5i
ToUl
Ot
a
no
35,451
54,700
38,003
13.316
46
;ss3;
DOOO
$156,6%
65.730
82,941
78,553
39,433
197
•«
,
Wltm>«AW» ntOH WAUH0081 and THKOWM IXTO Tai HABKBT DUBINS TBI
aAn PBBioD.
$153,8i;S
165
$63,578
503
$a)3,435
363
snofaetares of wool
do
do
do
»-t
of
PkKa. Value.
fanafaetnTesof wool.... sss $333,314
do
do
do
•
=11515.8 ii'gss :|5ii?iigs|S§5Si
*
'«
'•0
»-•«
t^ ^i' ef ^
gJ o>«'
dry goods at this port for the week ending
Not. 9, 1876, and for the corresponding weeks of 1875 and
1874, have been as follows
amuio roB ooHBUnmoii vob tbb wnx nmiiia nov. 9, IS'iS.
The importations
:8SiSSg
t- o« !- 00
.to^c
'S
3 lO
5
—
'?•
t*
C«rf3W
as
>
.
is
i
:§^iaSiiil
'
MKiiifactnreaof wool....
377
339
97
silk
453
flax
Htwellaneoiia dry gooda.. 150
do
do
do
cotton..
ToUl
98,009
28,333
$146,601
S09
69,686
8e,394
83,495
19,404
93
$154,883
969,435
"l.l34
S,674
$107,453
921.617
ai the port. 3,915 $1,431,398
3,703
$1,339,090
1,316
Mdent'dforconaninpfB S,6W
ToUl entered
353
320
99
419
43
$161,175
86.010
8!,4D7
61
164
117
$93,331
33,377
63,301
39,903
15,933
$3;!3,7I6
766,302
Imports or Iieadlns Artlolea.
The
following table, compiled from Custom House returns,
foreign imports of leading articles at this port since
1878, and for the same period in 1875
hows the
Jan.
1,
:
[The quantity
ia
giren la packages when not otherwise speclOed.]
Since
Same
Jan.l.'76.
'me 1875
15.858
31.334
340,386
31,339
12,816
Hardwaie
32,90.)
Iron,
Ac-
Ohtns, Qlaaa and
Barthenware—
China
Karthenwaie.
Glass
Glaasware
Olass plate
Buttons
..
Coal, tons
Oocoa bags...
Coffee, baes
Ootlon, bales
Din^a, AcBark, Peravlac.
Metals,
Cutlery....
7,971
4,6;j7
45,732
21,651
1,193,541
4,144
378,473
89,954
8,314
6,403
48,431
30,032
1,447,%1
3,400
38,030
33.654
4,466
26,486
27,2JS
Cochineal
Cream Tartar...
Qambler
:m
38 636
597
10.609
Blea. powders...
Qum, Arabic...
Indigo
Madder
Oils, essential..
Oil, Olive
Opium
8oda,bi-carb....
Sods, sal
'Bodaash
Flax
Fura
4,"
8,8S7
1,346
697
33.538
990
29.525
43,919
50.735
8,4t2
cloth
5,661
1,377
Hemp, bales
2,360
108,634
Bunny
Balr
Hidea,
&c—
Bristlea
Bidea, dresaed..
India rubber
Ivory
Jewelry,
Jewelry
Ac-
Watchea
Llnaeed
KoUaaea
6,251-
4,5:i8
KB.
Tin, boxea.
Tin slabs, Iba
Raga
4,.359
36,460
1,938
Tea
Tobacco
Waste
Wines,
,
Ac-
Champagne, bks.
Wines
S,9'>0
Wool, bales
1,578
Artldet reported by
913
value—
31,773 Cigars
90J Corks
19,400
Fancy goods. .....
48,241
FlBh
Ac-
61.630 F.-uils,
7,137
Lemons
7,016
Oranges
l,43:i
Nuta
3,865
Raisina
92.373 Hidea, undressed.
1,417
5,60i
31,787
8,672
Ac—
Spices,
Cassia...
Oinger
Pepper
Saltpetre
3,381
601
,'i30.8e4
98,911
,
Sugar, hhds, tcs. i,
bbls
Sugar, bxs A bags
Kice
1,307
bara.
Lead, pigs
Spelter, Tba
Steel
3,510
675
793.316
100,070
Woods
Cork
Fustic
tiogwood
Mahogany
w
aie*
.
.tea
BHTIBBD rOB WABBHOnSIXS OUBIBO BAXX PEBIOD.
I
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@FedFRASER