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HUNT'S
REPRESENTING
THE
MERCHANTS'
INDUSTRIAL AND
VOL. 29.
COMMERCIAL INTERESTS
OF
THE
SATURDAY, NOVEMBER 15, 1879.
CONTENTS.
CHRONICLE.
“What NestV
Monetary and
THE
Usury Laws and High Interest 497
Stock of Gold in the Bank of
France
498
The Silver Question in Europe. 498
Steam or Sail Pilot-Boats
499
Railroad
MAGAZINE,
501
....
STATES.
NO. 751.
tion rather than argument, for it is tantamount to
saying
that although men sell the use of
money for from ten
thirty dollars, when the law says they shall sell it for
only seven, still if there were no law at all, they would
to
Commercial
English News
UNITED
502
Commercial and Miscellaneous
News
504
never
Earnings in October,
take
A law which
produces no effect what¬
THE BANKERS’ GAZETTE.
law which aims to effect a
Money Market, U. S. Securi¬
Quotations of Stocks and Bonds 508
and
specific
limitation
notoriously fails to do so, is surely
ties, Railway Stocks, Foreign
New York Local Securities
509
Exchange, New York City
Investments, an d State, City
put on the defensive. But do not usury laws, so far as
and Corporation Finances... 510
505
Banks, etc
THE COMMERCIAL TIMES.
they work at all, work in a direction the opposite of that
Commercial Epitome
519
514 I Breadstuff's
Cotton
intended
? And in seeking an answer to this
514 I Dry Goods
520
inquiry,
the form the rate takes is very
suggestive. It is just as
easy to compute interest by an annual rate as to make
it
7 per
The Commercial and Financial Chronicle is issued every Satur
cent and
a
fractional “ commission,”
day morning, with the latest news up to midnight of Friday.
but the
latter is not without object; it is an
evasion. The regular rate is that allowed by law
;
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
the additional price is simply put. out
$10 20.
of the reach
For 8ix Months
do
6 10.
of usury penalty by taking another
Annual subscription in London (including postage)
&2 7s.
shape. It is,
Six mos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped by a written therefore, simply an evasion.
But evasions always
order, or at the publica tion office. The Publishers cannot be responsible
for Remittances uuless made by Drafts or Post-Office Money Orders.
carry some degree of risk, for which somebody must
London Office.
The London office of the Chronicle is at No. 5 Austin Friars, Old Broad
pay. There is no question that a poor security justifies
Street, where subscriptions will be taken at the prices above named.
and compels an advanced rate, the borrower
Adver I leements.
having to
Transient advertisements
published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions* pay for the extra hazard; the non-taxability of Govern¬
liberal discount is made. Special Notices in Banking
and Financial ment bonds benefited the borrower
column 60 cents per line, each insertion.
only, and not the
WILLIAM B. DANA,
.WILLIAM
Sc
?
B. DANA
CO., Publishers,
lender, the advantage appearing in a higher price
JOHN G. FLOYD, JR. j
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
brought by the bonds; a tax on mortgages is borne by
the mortgagor; these are incidental illustrations of the
A neat file
is furnished at 50 cents; postage on the same is
18 cents. Volumes bound for subscribers at $1 20.
j£y For a complete set of the Commercial and Financial Chroni¬ rule, too often forgotten, that the purchaser pays all
cle—July, 1865, to date—or Hunt's Merchants’ Magazine, 1839 to
1871, inquire at the office.
expenses. Make loaning money difficult, hazardous, or
in any way unremunerative, and the borrower must
pay
USURY LAWS AND HIGH INTEREST.
for all the hazards; on the other hand, the borrower
One of the most noticeable of the recent events in the profits by giving money the utmost freedom of move¬
and from Jan. 1 to Nov. 1... 5C0
ever
seven.
is better out of the way; a
....
Site Chromxle.
are
a
cover
financial
market
has been the commission asked and
ment.
Whatever tends—as usury laws certainly do tend—to
paid above 7 per cent for call loans, reaching atone time
as high as 3-8 per
day. This is at the rate of 144 per narrow the area from which loanable capital may be drawn,
cent per annum; and, although enormous and rare, is necessarily tends to raise rates.
If seven per cent, or six,
not unprecedented.
For instance, a few days before the is fixed upon as the maximum which mortgagors can pay,
break in 1873, rates reached l£ per day, or 547 per cent the theory is that, were there no law at all, the
lenders
a
all
would
exact
year. The excessive rates lately ruling—charged and
eight or ten, and the borrowers would
have
to
paid only a few weeks before the new 6 per cent law
pay it. To make'this sound, two conditions
is to take effect—suggest as timely a little
must
be added: capitalists must be forced to lend at the
inquiry as to
what relation exists between laws which limit interest legal rate, and it must be made
impossible for money to
and the enormous rates not infrequently paid.
cross the State
boundary lines in either direction. As
Do usury laws tend to keep down interest rates, or the facts
are, if money will bring more outside the State
to put them up ?
The fact that xthey do go up, not¬ than here, it goes out; if rates here should increase
withstanding the law, and the inconsistency between unduly, after the repeal of usury laws, money would
a law that interest on
money borrowed shall be at the be drawn in from every quarter of the globe, if neces¬
rate of seven per centr a year, and the actual
payment sary, until the equilibrium—not of actual rates, but of
of a rate ranging from seven to fifty times seven, seem rates combined with the conditions—were restored.
enough to prove that the law does not keep rates down. Why the farmer cannot see that an extraordinary price,
To say that, but for the law, rates would rule even
high or low, can no more be made to rule here for money
higher than they rule with it, seems a ludicrous asser¬ than for wheat and butter, is explicable only on the sup-
lHE CHRONICLE.
498
position that, having accepted the dogma of the efficacy
of usury laws as an heirloom from past generations, he
has never turned it over to see what the thing is really
made of. Without such laws, lenders would have to
compete with all the loanable capital there is; with
them, borrowers have still the ultimate protection of
outside capita], and in that, not in the law, is the real
present restriction upon rates. But this has to be paid
for, as already stated, in the shape of compensation for
all the evasions, risks, and indirection, by which the
irrepressible movement of competition in the loan market
has to go on, under the ban of law. Any capital drawn
'from the outside, charges for these items, and the usury
law thus operates to raise rates by narrowing the com¬
petition among lenders and introducing- artificial items
-of cost into the transactions.
would indicate.
VOL. XXIX..
We reach this result
through portions
present return, which show that of the gold
balance now held, not much over one-third is really
available for paying foreign debts.
To explain our
meaning, we have only to note that according to the
return 290,000,000 francs (£11,600,000) of this stock of
gold are in 5f. and lOf. pieces, and only 555,000,000 francs
(£22,200,000) are in 20f. pieces; furthermore, of these 20f.
pieces but 337,000,000 francs (£13,480,000) are in the
Paris reserve, the balance being in the branches or
spread over ninety different establishments, which could
not greatly reduce their supply without inconvenience.
Are we not therefore necessarily brought to the conclu¬
of the
sion that the total available stock in the Bank of France
for
paying foreign demands is
million pounds sterling 1
now
reduced to about 13
We have
already pointed out that the hasty interest
subject in confusion, so
that it is quite uncertain whether all usury penalty has
not been unwittingly abrogated.
Let us hope it may
prove so. The rural interests are quite welcome to have
the rate stand at six per cent after this year, for that
will do as well as any other, in absence of any contract;
but it will be a wise step and one in the way of prog¬
ress, if those interests can only be brought to accept
the situation and promptly end the problem by expressly
altering the law so as to prescribe six per cent unless a
different rate is specified. Usury will then disappear,
law of the last session left the
both
as
a
crime before the law and
a
THE SILVER
QUESTION IN EUROPE.
to Germany in the interest of
bi-metalism appears to have resulted in an absolute
failure.
Of course the best possible retreat will be made
by our Government, and the whole matter dismissed by
reporting progress. But any one who has watched the
movement, will be satisfied that no advance whatever
has been made; on the contrary, we have lost ground
by the effort.
In the first place it seems to be admitted now that Mr.
Mr. Walker’s mission
Walker
was
not able to
obtain
even
an
interview with
word in men’s Prince Bismarck. The Prince is actually afraid of repre¬
sentatives from the United States since the American
effect follows, it will be in the direction
of lower rates and freer lending; and the recognition eagle fell astride of him in the person of Mr. Kelley.
of the fact, that the fullest freedom is the amplest pro¬ We do not wonder at it, but are a little disappointed at
having one of our Government’s accredited agents
tection, may be brought a little nearer.
dodged by the Premier (as it is claimed was the case)
STOCK OF GOLD IK THE BANK OF FRANCE,. or kept in the ante-room to be communicated with
in unofficial and ambiguous generalities.
We do not
Last week we gave some facts and figures showing the
know whose fault this was; but clearly it was lack
diminished visible supply of gold in Europe. Among
of management somewhere, and has deprived the mission
other things we published the returns of the Bank of
of all result.
France issued December 31st for a series of years, show
It is given out, however, that something important
ing a decrease of 22 million pounds sterling in the gold has been
attained; for Prince Bismarck—according to
balance of that institution since 1876.
We then stated
the representation of his views secured in the round-a¬
that we had no later returns, as the weekly figures did
bout way mentioned—“ did not adhere absolutely to the
not distinguish between gold and silver, but presumed
condition supposed to have been laid down before Mr.
the condition was, in the particular referred to, less
Walker left America, namely, that precedent to all
favorable.
meeting, it must be understood that England would be
This week’s mail brings us the details of a new
“a party to it.
But he implied that if England would
report which was issued the last of October because ‘‘ undertake not to demonetize silver in
India, it would
{as the Paris correspondent of the London Economist ‘‘ be
sufficient, &c.” Any one who states that Prince
says) the Bank has been “ warmly attacked in some Bismarck even “
implied” such nonsense as that, must
journals for the recent rise in its rate of discount.” The think he has a
very credulous public for an audience.
October figures fully support the inference we drew.
No person knows better than the Prince that there is no
According to them it seems that out of a total specie fear of
England forcing demonetization in India, and
balance now on hand of 2,054,000,000 francs (£82,160,that she would be not only willing, but extremely eager,
000) only 845,000,000 francs (£33,800,000) are gold. If, to enter into the
proposed arrangement. Hence to
therefore, we repeat our statement of last week and add
imply” doubt on either point implies stupidity in the
these returns, we shall have the following comparison.
doubter, which we think the Premier cannot be charged
BANK OF FRANCE STOCK OF PRECIOUS METALS.
with. Then again, Prince Bismarck knows very well
Gold.
Silver.
Total.
that England has a far greater interest than Germany
1S74, Dec. 3L
£40,484,000
£12,528,000
£53,012,000
And this does not arise alone through
1875, Dec. 31
46,972,000
20,200,000
67,172,000 in bi-metalism.
1876, Deo. 31.
61,216,000
25,544,000
86,760,000 her relations with
India; her best-informed merchants
1877, Dec. 31
47,084,000
34,616,000
81,700,000
1878, Dec. 31
39,344,000
42,324,000
81,668,000 see and acknowledge that her trade with all silver-pay¬
1879, Oct 30
82,160,000
33,800,000
48,360,000
ing countries is disorganized by the present depreciation
This gives a decrease in the gold balance of £27,416,- and fluctuations. Consequently, it will take something
000, or $137,080,000, since 1876. Most certainly, such more than an u implied” opinion, to convince America
figures as these, if they do not indicate “ scarcity,” show that Germany has made up its mind to help England
a most embarrassing proximity to such a condition.
out of all her difficulties if she will only consent not to do
But this is not the whole case, for the situation is even a thing she never thought of doing.
less satisfactory than the simple figures we have given
Very likely we have given too much importance to
mouths; if
any
“
“
“
“
i
November
499
THE CHRONICLE.
15, 1879.]
representation of Prince Bismarck’s views. • We opposition which new labor-saving contrivances so often*
excite.
were only led to notice the report from the fact that
This view is made the more evident by the justi¬
the English papers received this week speak of it as a
semi-official report from Mr. Walker. There must be a fication offered for the action taken. We are told it
mistake on that point at least, as he certainly would not would be unfair to the pilots interested in the present*
issue anything so crude, improbable and unsatisfactory fleet of boats, representing a capital of over $200,000,
to bi-metalists.
The truth is, that, in the latter particu¬ On the same principle, railroads were “ unfair” to the
lar, the views expressed really amount to an actual old stage-coaches. The roads would have done no harm
abandonment of the effort to secure an international to the coaches unless they had been an improvement on
ratio of value between gold and silver; in the other them. Nor will these steam pilot-boats do any harm to
particulars mentioned, we have sufficiently exposed the the sail pilot-boats unless they are for some reason more
this
But the Commissioners
reply that if steam is
Thus we see the United States can now congratulate introduced the number of pilot-boats will be reduced
itself on two notable failures to convince Europe that one-half and shipping lose the advantage of finding a
its prosperity would be promoted by bi-metalism. In our pilot everywhere.
This objection to the change does*
first effort, we hoped to take the old country by storm. not seem to us very dissimilar from the other, for if it
All the governments but Germany came to our conven. proves true will it not be because steam does its work so
tion, patiently listened to our arguments, gave us a good much more quickly and effectively than sail ? In other
dinner, and over their wine encouraged us to use silver words, is it not an admission that the latter agent is for
freely. It was a charming idea, they said,—for us; but some reason inferior to the former and cannot retain its
they very shrewdly concluded that for them it would be hold under a fair competition ? Finally, as a complete
better to wait a little, evidently hoping that later on, justification, the Commissioners tell us steam pilotthrough the free coinage of silver here, they could make boats will not prove a success; they have been tried
a kind of silver dumping
ground of America. Since in Philadelphia and found wanting, and a sailing boat i&
then the course of events has not been just what they now being built for the Philadelphia service.
If this ie
expected. The United States have not followed their so, what becomes of the previous objections ? Either
advice nor met their wishes by jumping any deeper into this final assertion must be false, or else the other state¬
the mire. Furthermore, with this absence of relief, the ments have no force. If steam cannot succeed, how
evils of mono-metalism have been developing and becom¬ can it drive off the sail boats? We must accept either
ing more and more manifest; on top of all, a scarcity of one or the other alternative; it must be a better agent
gold in even these depressed times is threatening; so or it must be a worse one; it cannot be both; and the
that European governments are now wavering in their better must and will supersede the inferior.
You
devotion to that dogma, and some of the staunchest advo¬ cannot prevent that result if by-laws are passed against
the change every day in the week, and the Commis¬
cates of the single standard are changing their opinions.
But in the midst of all these favoring conditions sioners do themselves an injustice by attempting it.
This effort to introduce steam into the pilot-boat
comes our second failure.
It is unfortunate, seems un¬
necessary, and every one will say, bad management. service has probably arisen through the suggestion of
Yet there is one fact which this failure emphasizes, and some of the steamship companies, and mainly for the
which is all the time making the position of the United purpose of securing lower charges for pilotage. Those
States on this silver question one of unnatural and in¬ who favor the change claim that other advantages will
creasing weakness. We of course refer to the Silver bill follow, but a decrease in the expensiveness of this
and the vast store of silver dollars its enforcement is service is, we think, the chief reliance. That is cer¬
piling up. In the eyes of Europe we are mere suppliants tainly a legitimate and a very desirable object.. Steam,
pleading for help to make our dollar worth a dollar, and by making labor more effective, has produced such a
our silver production sell for twenty per cent more.
It result in every department of business, and it is believed
that it can do the same in this case. The great effort of
is neither wise nor necessary to continue in this position.
We can afford to show perfect indifference to this whole the age is to economize labor, and thus to lower the cost
question. Stop our coinage until Europe remonetizes of everything to the consumer. This end is reached, not
silver. That simple action would take away the last by decreasing wages, but by making the machine which
hope of relief, through America’s folly, the Old World does the work more effective or more automatic.
now has, and would put us outside of any anxiety on
Through the greater efficiency of cotton machinery the
the subject. The trifle we might lose on that portion of average operative to-day accomplishes in one hour less
our silver production we exported is of no moment at
time, almost twice the work he accomplished in 1860,
all; a few more bushels of wheat or bales of cotton one thousand spindles requiring then an average of 26£
would balance the loss. Then let Great Britain, Ger¬ high-priced hands, against 15 less-skilled, and therefore
many, and France, work out the problem for themselves. lower-priced, hands now. The steam pilot-boat is an
When they wanted our help they could get it by asking effort in the same line of progress. It seeks to econo¬
for it, and not before. In the meantime we could accept mize labor, and thus to lessen the cost of the service;
their gold, as we are now doing, for any balances they and that decreased cost must eventually inure to the
might wish to settle. Is there not enough wisdom in advantage of the consumer. Yery likely, when this end
is attained, there will be, as is charged, only half the
our coming Congress to secure such legislation as the
number of pilot-boats there are now. And, perhaps, by
occasion so plainly demands ?
useful.
absurdity of the statement.
^
contrivance will be
introduced, so as to knock off a quarter more from the
Having a strong desire to guard the repute of our number of boats. This will be the tendency, we may be
Pilot Commissioners we would urge them to repeal, as sure, whether we wish it or not; but the result will be
quickly as they can do it, their by-law against steam realized only when it is proved that the needed work
pilot-vessels. The public can see no excuse whatever can be done more effectively, thoroughly, and cheaply,
for their action. It savors amazingly of that ignorant by the decreased force.
that time another agent or a new
STEAM
OR
SAIL
PILOT-BOATS.
THE CHRONICLE
500
LVol. XXIX.
AND reported as follows : Gross earnings, 1st April to 1st
October, 1878, $271,596; 1879, $264,491; loss, 1879,
1879,
The reports of railroad earnings for the month of $7,104: expenses, 1878, $214,524; expenses,
October present a truly remarkable exhibit. Taken $193,527; decrease, 1879, $20,997: net gain, six months
altogether, the month may be considered the most 1879, $13,8C3.
The estimated earnings of the Louisville & Nashville
remarkable for railroad business that the country has
RAILROAD
EARNINGS
FROM JANUARY 1
IN
OCTOBER,
TO NOVEMBER 1.
Amidst the
general improvement in nearly
all kinds of mercantile business which has added largely
to the railroad traffic, the breadstuffs movement stands
pre-eminent as furnishing the heaviest item in the great
increase of freight tonnage.
It is unnecessary to dupli¬
cate figures showing the magnitude of the movement in
cereal produce, and the following table alone will show
at a glance the total receipts at the eight Western cities
embraced in the Produce Exchange reports, from the
beginning of the crop year, Aug. 1, to Nov. 1, inclusive,
ever seen.
for four years.
Flour....
Wheat...
Corn
Oats
...
1876.
1879.
1878.
bbls.
1.997,482
1,627,342
1,752,585
1,622,989
bush.
48,690.585
31,296,359
11.326,181
5,436,671
2,424,324
39.120,118
31,087,399
13,584,662
5,314,849
2,288,191
32,164.765
27,372,979
10,070,081
4,083,905
1,625,389
20,987,990
29.885,445
8,561,425
4,146,425
1,145,874
99,174,120
89,397,219
75,317,149
64,721,395
—
Barley..
Rye
Total grain..,.
1877.
The total cotton crop movement
November 8, 1879, was 1,447,222
from September 1 to
bales, against 1,188,229 bales in the same period of 1878, 931,150 bales in
1877, and 1,220,797 bales in 1876. The tonnage of
anthracite coal in October
2,995,966 tons, against
2,094,280 tons in October, 1878, and 703,873 tons in
October, 1877.
In
was
all
departments of freight business it is well
known that the railroads have made a very large
increase in earnings, but there are few details given in
the reports from which any specific information can be
obtained
as
to the nature
of their traffic.
The St. Louis
Railroad
during the month of September were $515,000,
of which $215,000 were net.
During September, 1878,
the gross earnings were $407,927, and the net $153,848.
GROSS EARNINGS IN OCTOBER.
Atch.Topeka& Santa Fe.
Burl. Cedar Kap. & No..
Cairo & St. Louis
Central Pacific
Chicago & Alton
Chicago & East. Illinois.
Chic. Milw. & St. Paul..
Chicago & Nortliwest..
Chic. St. P. & Minneap*.
Chicago & West Mich*..
Clev. Mt. Vernon & Del..
Grand Trunk of Canada t
Great West’ll of Canada!
Hannibal & St. Joseph..
Ill. Cent (Ill. line)
do
(la. leased lines)
.
^
Internat’l & Gt. North..
223,526
387,701
Missouri Kansas & Tex..
Mobile & Ohio
$33,000 from general merchandise, and
$19,000 from iron and ore, showing a decided gain in
passenger business on a road whose earnings are mainly
from freight; possibly there is a similar improvement
in passenger business on other roads.
The notable increase in gross
when the prices of stocks are
earnings
at a time
buoyant to a degree not
comes
previously known, and so far there is logic in the course
of the stock market, although it is to be remarked in
this connection that the earnings of one or two months
when freights are at a maximum can not at all be
accepted as a standard of the earnings for a whole year.
Freights have been heavy for a good part of the
past ten months, and the receipts of grain of all kinds
at the seven Atlantic ports for the ten months ending
November 1 were 244.987,197 bushels in 1879, against
214,250,515 in 1878, 134,03S,123 in 1877, and 139,729,124
in 1876. Hence it may be suggested to buyers of rail¬
road stocks that they take the earnings thus far in 1879
as a fair standard of business on most roads having an
established traffic, and form some conclusions as to the
capacity for paying dividends on that basis. The table
below of earnings, expenses and net earniugs is com¬
mended as usual to special observation and study.
Among the unofficial reports lately tossed on the
stock market without
a
effect that Erie earned
known father
was
one
to the
$2,000,000 in October ;
that Texas & Pacific earned $309,000, against $90,000
in 1878, and that Canada Southern earned $360,000,
against $295,000 in October, 1878.
The Ogdensburg & Lake Champlain earnings are
over
22,771
59,911
167,365
10.369
466,278
361,578
20,821
7,966
4,288
1,573,422
64,021
36,861
38.161
90.749
776,897
364,583
232,720
506,751
81,858
5,691
73,493
148,089
22.743
17,916
102,869
3,038
220,438
37,805
349,396
192.699
71,701
15,529
34,525
152,200 134,300
13,548
30,552
6,579
56,548
583,983
129,217
123,398
89,814
63,127
713,200
213,712
82,668
119,566
30,250
132,372
72.211
128,351
%
10,457
8,785
1,267
28,933
104,500
27.872
1,543,580
1,269,879
663,923
517.613
273,701
146,310
27,228
21,490
5,738
14,213,237
$
312,472
29,905
11,792
1,773,089
486,921
82,606
823,722
50,054
.
$
141.619
287,000
44,100
Northern Pacific
Paducah &Elizabetht’n.
St, L. Alt.&T. IT.(brc’hs).
St. L. Iron Mt.& South’n.
St, Louis & S. Francisco
St. L. & S.E.—St. L. Div..
St.Paul & Sioux City,&c.
Scioto Valley
Toledo Peoria & Warsaw
Union Pacific
Wabash
Wisconsin Valley
Decrease.
Increase.
446,528
264.400
Minneapolis & St. Louis.
11,333,453 2,833,569
2,824,734
8,785
*
Three weeks only of October in each year,
t For the four weeks ended November 1.
! For the four weeks ended October 31.
GROSS EARNINGS FROM JAN.
1879.
$
Atch.Topeka& Santa Fe.
Burl. Cedar Rap. & No..
Cairo & St. Louis
5,088,040
1,210,960
219,443
14,426,698
4,587,684
,
from passengers,
$
120,785
road, which is among those showing Central Pacitic
J Chicago & Alton
the largest improvement over last year, reports a total Chicago Miiw. & st Paul
increase of $129,217 for October, of which $34,000 was
& East. Illinois.
t
1878.
$
759,000
171,524
34,563
1,833,000
654,286
92,975
1,290,000
1,935,000
84,842
44,827
42,449
867,646
446,446
238,411
580,244
170,832
Indiana Bloom. & West.
& Iron Mountain
,
1879.
| Chicago
Chicago
JNvest^iicb*..*
Clev. Mt. Vernon & Del..
Grand Trunk of Canada!
Great West’n of Canada!
Hannibal & St. Joseph..
Illinois Central (Ill. line).
do (Iowa leased lines)
Internat’l & Gt. North..
Missouri Kansas & Tex..
Mobile & Ohio
;.
Paducali & Elizabetht’n.
St. L. Alt.&T. H.(brc’hs).
St. L. Iron Mt. & South’ll.
St. L. & S. E.—St. L. Div..
St. Louis & S. Francisco.
St. Paul & Sioux City,&c.
Scioto Valley
,
Toledo Peoria & Warsaw
Wabash
Three weeks
704,957
858,019
496,504
330,336
7,420,425
3,675,965
1,538,099
4,559,501
1,199,246
1,307,506
2,576,260
1,498,873
258,148
444,282
3,968,853
603,840
1,241,086
908,355
261,192
1,025,138
4,171,220
85,680,559
Total
Net increase
*
7,847,000
13,252,929
1 TO OCT. 31.
Increase. Decrease.
1878.
$
$
3,171,348 1,916,692
1,273,497
192,740
14,637,040
3,931,193
6,926,038
12,511,660
672,460
712,577
415,327
313,884
7,409,495
3,821,654
1,658,965
4.604,195
1,292,476
1,169,365
2,450,651
1,309,693
267,153
406,435
3,510,715
540,470
987,316
892,770
232,707
1,065,770
4,210,818
$
62,537
26,703
210,342
656,491
920,962
741,269
32,497
145,442
8L177
16,452
10,930
........
145,6S9
120,866
44,694
93,230
138,141
125,609
189,180
9,005
'37,847
458,138
63,370
§53,770
15,585
28,485
40,632
39,598
80,588,412 5,858,740
'.
766,593
5,092,147
only of October in each year.
January 1 to November 1.
! January 1 to October 31.
t
GROSS EARNINGS,
EXPENSES AND NET EARNINGS.
gives the gross earnings, operating expenses and
net earnings for the month of September, and from Jan. 1 to Sept. 30,
of all such railroad companies as will furnish monthly exhibits for
publication:
September
,
Jan. 1 to Sept. 30.
The statement below
1879.
1878.
$
1,166,007
702,062
$
1,198,143
852,397
61,749
463,945
345,746
154,795
94,303
138,897
93,594
1.039,436
697,206
1,131,878
814,997
60,492
45,303
342,230
316,881
628,811
289,436
443.525
219.525
3,933,398
2,236,897
3,444,272
1,983,298
Net earnings
339,375
Chicago Burlington & Quincy-
224,000
1,696,501
1,460,974
1879.
Atlantic Miss. & Ohio—
-
earnings
Expenses (incl. extraord’y)
Gross
Net earnings
Burl. Cedar Rap.&
$
153,880
92,131
87,929
North’n—
Gross earnings
Expenses
Net earnings
Chicago & Alton-
*
Gross
earnings
Operating expenses
Gross earnings
Operating expenses
Net earnings
Dakota SouthernGross
1878.
$
177,342
89,413
.
J
1,484,316 1.382,123 10,303,937 10,373,548
672,468 5,434,74* 5,569,841
606,378
877,938
709.655
4,869,194
4,808,707
15,586
9,437
17,431
10,875
147,205
91,123
156,896
87,388
earuings
Operating expenses
Net earnings....
,
0,129
6,556
56,082
■
69,508
THE CHRONICLE
November 15, 1379.1
501
'
September.
,
1879.
Houston & Texas Central-
365,140
Gross
earnings
Operating exp. and taxes..
152,561
212,879
Net earnings
International & Great Nortli.—
Gross
earnings
1879.
1878.
155,68 4
1,033,980
9 48,877
96,124
86,061
820,800
680,870
82,825
69,623
263,180
263,007
105,769
58.700
86,971
52,352
47,009
34,619
10,9S6
7,586
7,737
10,507
Net earnings
Louisville Cincinnati <fc Lex.—
Net earnings
Net earnings
112,504
139,213
1,271,021
814,501
1,183,032
800,922
3,400 def.2,770
157,363
86,574
123,497
86,297
Net earnings
70,789
37,200
4o6,520
387,110
Pennsylvania (all lines east of Pittsburg & Erie)—
Gross earnings
3,336,528 2,858,646 24,516,212 22,819,918
1,745,889 1,456,449 14,823,105 13,533,909
Operating expenses
Net earnings
1,590,639 1,402,197
Philadelphia & Erie—
Gross earnings
Operating expenses
Net earnings
9,693,107
9,286,009
319,770
215,140
288,084
193,331
2,190,781
1,598,688
1,477,171
104,630
94,753
592,093
548,719
591,075
259,387
409,819
197,911
3,255,653
2,151,041
2,926,732
1,772,760
331,688
211,908
1,104,612
1,153,972
81,910
41,325
62,953
40,105
521,172
356,925
468,359
353,550
2.025,890
St. Louis Iron Mt. & Sout’n—
Gross
earnings
Operat’g and extra’y
Net
exp.
earnings
St. L. & So.East.—St.L.Div.—
Gross earnings
Operating expenses
Net earnings
40,585
22,553
164,247
114,709
788,789
557,043
764,419
510,869
Grossearnings
Expenses
Net earnings...
The
37,685
24,638
231,746
253,550
67,244
43,088
34,538
25,677
421,771
204,726
490,875
243,938
24,156
8,861
following August figures have but recently
Alabama Gt. Southern—
Grossearnings
Operating expenses
217,045
246,937
hand.
come to
$
$
$
34,807
31,850
254,997
220,041
$
220,797
168,640
31,956
52,157
1,142,845
444,302
981,089
401,240
Net earnings
Burl. & Mo. River in Neb.—
Grossearnings
Operating expenses
176,088
58,158
166,320
55,033
Net earnings.117,930
111,287
698,543
N Y. Lake Erie & West.—
Gross earnings
.....1,450,223 1,445,929 10,388,547
Operating expenses
858,986
876,126 7,626,619
Net earnings
Grand Trunk of Canada—
591,237
Grossearnings
Working expenses
Great Western of Canada—
1879.
earnings
9,735,285
6,881,033
2,854,252
£
£
145,657
94,843
1878.
460,900
$221,900 $209,100
“
We offered
2,761,928
579,849
$671,000 $670,000
449,100
WHAT NEXT?”
few
suggestions last week with reference
to one point in Mr. Atkinson’s communication of the
previous week, with the above title. He has sent us the
following reply, which we gladly publish, but do not see
that it calls for any further remark from us at
present*
In another column, however, we give a later return of
the Bank of France, confirming the position taken in
our previous article.
a
.
r
That such
a
gigantic failure as that of the City of Glasgow
sharp advance in the rate of inter¬
Bank should have caused a
est is not to be wondered at.
Would not the
occurred had there been
same
advance of
change in the legal
Germany, and no silver question at issue ? Did
not the same thing occur wlien Overend,
Gurney & Co. failed
in 1866 ? The material point is this: we have withheld our
product of gold for many months, and have now drawn
$60,000,000 from Europe, yet the Bank of England rate has
just been advanced to 3 per cent, and it is doubtful if the out¬
side rate will respond.
The questions of fact that need to be answered are these :
In 1870, ’71 and ’72 business
no
was
active.
What
was
the
quantity of coin held by the Banks of England, France, Ger¬
many, Sweden, Holland, and Belgium, July 1, each year, and
what proportion consisted of gold, what of silver ? Nations
using paper money need not be considered.
Our excessive demand for gold had not begun until July 1,
1879.
Business was then, and had long been, dull and de¬
pressed in Europe. What was the quantity of coin in the
Banks above-named at that date ?—how much gold, and how
much silver ?
Was not the amount of
gold coin only, July 1, 1879, as large
larger than, the amount of gold and silver combined on
the 1st of July, 1870, 1871, or 1872?
If not, what was the
proportion ?
Ought not these questions to be answered before any deter¬
mination
the
.
To the Editor of the Financial Chronicle.
Sir:—The data are not at my command to prove the
proposi¬
tion which I submitted in your last number, in
can
be reached
as
to what
was
the true
cause
of
temporary depreciation of silver?
excess of gold, or such an ample
supply of gold that
Was it
even
the events of 1873 and the failure at
a
later time of the
Glasgow Bank, with all the huge bankruptcies that accom¬
panied it, made but a temporary disturbance—the latter caus¬
ing only a ripple in the money market.
That there should be a somewhat smaller supply of
gold in
Europe than in 1876 is not a matter of wonder; but that it is
not vastly less, in view of the cessation of our shipments and
late
demand, is remarkable, and seems to indicate abund¬
scarcity.
As I have stated, I am unable to give the figures in answer to
these questions, but it seems to me they are essential to
any right understanding of the questions n ow pending, and I
beg to suggest that a table is needed of the coin reserves of
the Banks of Europe on the 1st of July of each
year since
Germany “ de-legal-tender-ized” silver.
If my observations are correct, this table will be a
very
startling one, and will at once bring to the front the main
question. This main question is not the silver question, socalled ; that is but a meife incident of comparatively little
importance. It is — What have been, and what are to be, the
consequences of the decreased, and still decreasing, cost of produc¬
tion of both gold and silver ?
As I said before, gold and silver became money by natural
selection;—coinage followed, both private and public; next,
governments assumed the coinage exclusively; legal-tender
acts came last in the sequence, and it would be interesting to
know how the first conception of legal tender arose. Must it
not have ensued from a debasement of coin? When a pound
sterling meant a pound of silver there could have been no con¬
ception of a legal tender, but when it meant half a pound, legaltender acts became as necessary as they are to force irredeema¬
ble paper money into circulation.
Gold and silver still serve a general purpose as money
in the
form of coins; silver serves the same purpose in China in the
form of shoes, and both metals serve in international commerce
our
ance
‘52,630
50,814
/—Aug. and Sept.—,
Grossearnings
Operating expenses
Net
£
145,515
92,885
Net earnings
569,803
£
tions ?
as, or
St. Paul & Sioux City—(consolidated road)
Gross earnings
110,713
91,086
Operating expenses
73,028
66,448
Net earnings
Southern Minnesota—
an
tender act of
Nashv. Chatt. & St. LouisGross earnings
Operating exp., incl. taxes
deposited
rate have
Mempli. Pad. & Northern—
Gross earnings
Operating expenses
who has
borrower who wishes to
178,949
Operating expenses
Gross earnings
Operating expenses
/—Jan. 1 to Sept. 30.—■>
evidence that he possesses capital, to a
use it, its reserve of
capital in coin
332,555 1,987,084 1,705,552
constituting
only
a margin or balance needed to make the
135,244 1,284,826 1,290,076
transaction safe both for the bank and for the
depositor, this
197,311
702,258
415,476
reserve varying at different times and under different condi¬
>
1878.
rather than
respect to which
have expressed a doubt; but may I venture to suggestthat
great depression in business in England and elsewhere in in the form of bullion. Both metals would continue to serve
Europe can hardly account for the accumulation of gold in the same purposes if
every legal-tender act of every State was
you
banks.
The
a
.
disuse of capital is one thing, and the existence of
large reserve of gold is quite another.
use or
Large amounts of capital
on a
small
amounts
reserve
on a
tions.
Does not
a
large
may
of coin in
reserve
be measured and transferred
state of affairs, and small
one
at another time under other condi¬
bank transfer the
use
of
capital from
a
lender,1
repealed to-morrow, only perhaps in a little different manner.
In such event they would bear a certain ratio to each other,
according to the relative supply aud demand, perhaps a little
different from the present ratio, perhaps not.
The estimates of the production of gold and silver prior to
1848 are somewhat doubtful. Chevalier’s are perhaps as good as
any, and his estimates were that from the discovery of America
to 1848, inclusive, the production was:
502
THE CHRONICLE.
Silver..
Gold
$5,705,000,000
-
2,626,000,000
Total
$3,331,000,000
We will omit 1849 to 1851, when the rush to Australia and
California took place, and take Cemuschi’s figures, 1852 to 1878
inclusive, 27
years:
Production of gold
Production of silver
$2,990,660,200
1,410,327,600
"Total
$4,400,987,800
Gold supply of 27 year3 increased
apparently 114 per cent
and silver 25 per cent, as compared to the previous 350 years.
In these 27 years the average production of both metals has
varied but little, and both metals have found their place and
their
use
ratios
or
and
finding their ratio. Why not regulate all
prices by law if we can fix the ratio or price of silver?
What will be the effect of the production of the next 27
years, brought into use at greatly reduced cost?
What are the supplies of Arizona and New Mexico? What
will the northern States of Mexico yield when the railroad
pen¬
etrates them and when even Lynch law takes the
place of
are
Mexican law ?
Is the 2nd and 3rd Comstock lode
1st?
The railroad, modem science, and the
.
improbable than the
more
advance in the Bank rate takes place.
The open market
little below those charged by the Bank of Eng¬
land, an advance of about one per cent having taken place dur¬
ing the last two months, viz., from about % to 1% per cent. A
large quantity of paper, in connection with the importations of
wheat and with the improvement in general business,ris now
maturing, and is influencing the open market.The Bank
of England does not appear, however, to have derived much
benefit, there being a small decrease in the total of “ other
securities;” but as there is now very little difference between
the open market and the Bank of England published rate, the
Bank will probably secure a larger share of the discount busi¬
ness doing.
The following are the present quotations for
rates
are
very
money:
Per cent.
2
Bank rate
Open-market rates—
30 and 60 days’ bills.
common
cheap gold and silver
on
the
power of States to borrow for future wars?
What effect on war itself if pay as you fight becomes the rule?
Perhaps these are visionary questions, but the Pacific Railroad
an
absolutely new and great factor in the history of the
world, especially in its financial history, and when the wellis
deserved monument to Oakes Ames is erected it
may bear an
inscription, the purport of which we cannot yet conceive.
178
1?8
3 months’ bills
Open market rates—
Per cent.
4 months’ bank bills
23s@21a
6 mouths’ bank bills..... 2^@2%
4 & 6 months’ trade bills. 21a3> 3
The rates of interest allowed
count houses for
deposits
are
by the joint-stock banks and dis¬
as follows:
Per cent.
Joint-stock banks
Discount houses at call
do
with notice
Annexed is
law, have been
applied to gold and silver mining only since 1866. What next?
National debts were of little importance until the French
Revolution; they now amount to about $28,000,000,000, mostly
owed by European States for wars incurred by
dynasties and
in which common people had no voice.
These debts and
standing armies are now the chief cause of poverty and pau¬
perism. What next?
What will be the effect of cheap gold and silver on national
debts?
What will be the effect of
an
[vol. xxix
^@1
^
34
statement
showing the present position of the
England, the Bank rate of discount, the price of Con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second qual¬
ity, and the Bankers’ Clearing House return, compared with the
a
Bank of
three previous years:
1879.
1878.
Circulation, including
£
bank post bills
28,571,156
Public
22,791,442
33,001,541
48*02
2 p. c.
33*03
6 p. c.
37*50
5 p. c.
9778
49s. lOd.
9412
2 p. c.
963*
39s. Od.
53s. 7d.
Res’ve of notes & coin. 17,832,143
Coin and bullion in
departments
31,097,433
Proportion of reserve
..
to liabilities
Bank rate
Consols
....'
Eng. wheat,
price.
Mid. Upland cotton...
av.
No. 40 mule twist..
£
25,447,159
c
both
30,381,237
2,715,768
28,310,943
10,338,734
deposits
deposits
1876.
£
28,428,597 29,149,264
4,080,473
5,781,462
21,400,826 29,103,020
15,123,604 17,008,228
18,633,156 16,639,955
9,678,797 19,218,686
4,898,500
31,932,439
Governm’t securities. 19,070,528
Other securities
17,863,355
Other
1877.
£
73if?d.
10
..
Clearing-house return. 80,782,000
16,037,672
22,642,589
54*52
957s
47s. Id.
5%d.
67,*d.
6ied.
oqd.
1034d.
10%d.
91.401,000 103,601,000 104,894,000
The
price of silver continues to rise, and the quotation for
now 53%d. per ounce.
The supply here is small,
Boston, Nov. 11, 1879.
E. A.
and, as the Indian exchanges are improving, a further advance
in the quotations is probable. The Council bills on
Wednesday
Iplmretannj! Cxrmme vcial gtiglisTt 34eurs were disposed of at an advance of two per cent, and next week
RATES OF EXCHANGE AT LONDON AND ON LONDON £500,000 is to be allotted. This advance in exchange and in
silver has had a good effect upon our Indian and Eastern trade,
AT LATEST DATES.
and there are now strong hopes of relief being afforded to our
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
October 30.
On-
Time.
Paris
Paris
Amsterdam
Amsterdam.
Short.
3 mos.
Antwerp....
3
Rate.
25*2712@25-3712
Oct. 30
Short.
25*25i2
12*1% 2>12*2i4
25*55
20*57
m os.
Berlin
■
Time.
Short.
.
Hamburg
Latest
Date.
25*47 ^ @25*52 ^
12*3
12*414
ii
a
20*57
20*57
...
Frankfort...
a
St.Petersb’rg
a
Copenhagen.
a
247e@25
Vienna T....
a
Madrid
a
Cadiz
Lisbon
90 days
Genoa
3 mos.
Alexandria..
Bombay.... 60 days
Calcutta
a
.
.
•
•
18*44
11*85
@18*48
@11*90
467s@47
47
Oct, 30
i Oct. 30
Is. 81*1.
Is. 8iod.
[From
Business has been
been less speculation.
our own
12*10
Short.
25*30
20*34
ii
; Oct. 23
Oct. 30
Oct. 28
3
3
Oct. 29
Oct, 30
Oct. 30
25%
mos.
mos.
ii
”@47i8
«
..
Short,
following are the current rates of discount at the principal foreign centres:
C-
Paris
Brussels
Amsterdam
Berlin
.
.
.
Bank
rate.
Pr. ct.
3
3
3
Hamburg
521iQ@52316
29*1712@29*2212 1 Oct. 30
a
..
@25*60
@20*61
@20*61
@20*61
Oct. 30
!
cotton market.
The
Rate.
a
fine bars is
116*60
47*50
Short.
3
6
28*65
96
mos.
mos
ii
correspondent.]
Is.
Is.
8i3led.
8i316d.
Frankfort
Leipzig
.
Genoa
Geneva
.
.
4*2
41e
4^2
4^2
Open
@3q
Bank
rate.
Pr. ct.
St. Petersburg ...
6
Vienna & Trieste.
4
3
Madrid, Cadiz &
market.
Pr. ct.
25g@278
3
378@4il8
3%@4
3%@4
4 @4q
4
4
2i2
21s
Barcelona
Lisbon & Oporto.
Calcutta
Copenhagen
4
5
6
3is@4
New York
Open
market.
Pr. ct.
5%@6
378@4i8
4
5
@5
@6
3is@4
6
@7
Large standing armies and expensive fleets are impoverishing
Europe to a considerable extent. Yesterday, Herr Bilter, the
Prussian Finance Minister, presented his budget,
according to
which the income is fixed at 720,712,319 marks and the expendi¬
ture at 726,319,741 marks, showing a deficiency of 5,607,000
marks. There is, in addition, to be an extraordinary outlay of
London, Saturday, November 1, 1879.
quieter during the week, and there has 42,642,650 marks,
so that about 49,000,000 marks will have to
Attention seems to have been directed be borrowed. In this country, about £27,000,000 of
floating
to securing profits, and the result has been that
prices have debt is in existence.
experienced a fall. The tone is, nevertheless, good, and sound
The launches of vessels on the Clyde during the month of
and legitimate business is
increasing. In the money market October represent a gross tonnage of 11,815 tons, as against
there are indications of improvement,
owing chiefly to the fact 12,000 tons last month, 14,000 tons in Oct. of last year, and 23,000
that gold continues to be sent away to New York and Berlin. tons in
October 1874; but while the amount of tonnage launched
During the week embraced in the last Bank return, about during the month does not figure largely, the work on hand
£i,200,000 was withdrawn from the Bank for exportation, but has received a large and substantial addition. So far as can be
the total supply held is still
large, being nearly £31,000,000. ascertained, 34,000 tons of new iron have come to the upper and
The stock has, however, been diminished
by about £4,000,000, 10,000 tons to the lower reaches of the river, in all 44,000 tons.
■cpmpared with the highest point. The diminution in the sup¬ Inquiries are numerous, and a healthy tone prevails.
ply of gold in Europe has been very considerable during the
The Mayor of Sheffield having been requested to interpose in
last two months, and had it been
accompanied by an active favor of the old workmen who are locked out at the Birley
commercial demand for money, the rates of discount would
Collieries, near Sheffield, in which about 1,100 men and boys
have improved considerably. But the mercantile
inquiry for are employed, has declined to interfere in any way. He says
money is only beginning to show indications of
increasing, he has had considerable experience with trade unions, and has
though there is reason to believe that it will not be long before come to the conclusion that the distress
they
are
the
means
of
Notbhbbr 15,
503
THE CHRONICLE.
1879.J
producing can never be compensated by any imaginary gain prospect are by no means excessive. It is still the opinion of
which the members hope to realize by being connected with the trade that when the recent speculation has been arranged
them. For his own part, he believed they have tended greatly the market will again assume a firm tone. It is probable, how¬
to produce the depression which has so long existed in the ever, now that prices have somewhat declined, that larger
supplies of home-grown produce will be sent to market, as.
country.
At the Michaelmas rent audit on the estate of
Lord Fitzhar- British farmers hold in rising and sell in falling makets.
have
We
passed through two months of the season, and very*
English crop has been marketed. It is estimated
that the sales have been only about 700,000 quarters, against
tin, which had been declining in price, owing to realizations to 2,000,000 quarters in the corresponding period of last year. If*
secure profits, is again advancing.
Copper is rising, and the therefore, the crop is a small one, it has been husbanded so far,
value of other metals is fully maintained. In the grocery prod¬ and if the season should be a short one, it may exercise con¬
siderable influence. The autumn has thus far been very favor¬
uce markets, Messrs. W. J. and H. Thompson state that there
has again been great animation, with further speculative move¬ able to the agricultural interests, and wheat is being sown under
ments at higher rates. During the last few days the tone has favorable conditions.
not been quite so buoyant, yet the enhanced quotations are,
During the "week ended October 25, the sales of home-grown
with few exceptions, supported. The excitement in tea continued wheat in the 150 principal markets of England and Wales
until the close of last week, most kinds of Congou being dearer. amounted to 35,617 quarters, against 50,433 quarters last year?
Since 4hen a comparatively quiet feeling has prevailed. and it is estimated that in the whole kingdom they wereAccounts of the beet crops are geting worse, and the probable 142,500 quarters, against 201,750 quarters in 1878.
Since
nine
weeks, they have been 171,635 quarters*
deficiency in the yield of sugar compared with 1878-79 will be harvest, viz., in
at least 150,000 tons, or, according to some estimates, over against
512,261 quarters, in the 150 principal markets,
200,000 tons for all Europe. This being partly anticipated, the while it is computed that they have been in the whole kingdom
market is not quite so active as before. Quotations of raw 686,540 quarters, against 2,049,000 quarters in the corresponding
sugar have occasionally risen 3d. to 6d. Pieces and crystals period of last season. Without reckoning the supplies fur¬
nished ex-granary at the commencement of the season, it is
are Is. to Is. 6d. per cwt. higher, on account of the diminished
supplies, the delay of the usual autumn shipments of beet, and computed that the following quantities of wheat and flour
the high rates current for West India. Coffee remains in the have been placed upon the British markets since harvest:
1878.
1877.
1876.
1879.
same firm position as last reported, the large advance quoted
9,761,527
9,822,997
6,276,804
Imports of wheat.cwt.13,178,601
on the 23d inst. being supported.
1,151,125
1,147,378
999,645
1,898,446
The further extensive ship¬ Imports of flour
dinge, it was stated that no less that 27 of the tenant fanners
about to leave.
The metal trade continues to show considerable firmness, and
were
now
little of the
,
*
ments from Rio Janeiro to the United
States, with the expected
short crop, have given a stimulus to the Continental markets.
The stock now here is 1,300 tons below that of last year at same
Sales
of
home-grown
2,975,000
8,879,200
7,673,500
8.703,00(1
18,052,047
19,791,852
18,643,875
15,979,449
produce
Total
Deduct
exports
wheat and flour
of
214,448
505,341
370,282
202,620'
during the
Result....
17,837,599 19,286,511 18,273,593 15,776,829gradually
Av’ge price of English
going up, partly influenced by the great rise in nitrate of
wheat for the season.
48s. 2d.
42s. Id.
56s. 7d.
46s. 7d.
soda. In the spice markets the leading feature has been a fur¬
The following figures show the imports and exports of cereal
ther improvement upon black pepper. White is less in demand.
produce into and from the United Kingdom since hrrvest, viz.*
Other kinds, owing to the large supply, do not in all cases
from the first of September to the close of last week, compared
date. Rice is again slightly dearer, but the demand
last two days has rather subsided. Saltpetre is
obtain last week’s rates.
with the
On the Stock
Exchange business has been active, especially in
the department for British railway shares, the value of which
has risen considerably. The traffic returns are improving, and
it appears that for the week ended October 26 there was an
increase in the total receipts, compared with last year, of £749.
Railway shares are now, however, at a very high price, and are
likely to experience a relapse should money become dearer.
American railroad securities have been in less demand, and are
weaker; but for Canadian descriptions there has been an active
inquiry at advancing quotations.
The half-yearly meeting of the shareholders of the Grand
Trunk Railway of Canada was held on Thursday. The Presi¬
dent, Sir H. W. Tyler, in the course of his remarks, said that,
practically, they had the whole of the line from Port Huron to
Chicago, and they were now making arrangements with certain
other companies to admit them into their station at Chicago.
Up to the present time they had spent on this line about the
£310,000 which the sale of their Riviere Du Loup section real¬
ized. They could raise all the money they required for the
line without appealing to the proprietors, but it was such a
“
good thing” that he thought it likely they would send round
a prospectus and leave them to do as they pleased.
In the next
six months they would want about £200,000 more ; and in the
next three years they would not require to spend for the most
perfect arrangements that might be made more than £500,000.
That was all they would require, and it would, he said, be a
very cheap line; it was 320 miles long from Chicago to Port
Huron. In conclusion, he said the acquisition of this line was
the most important event that had ever happened in their his¬
tory, and he expressed his belief that they had “turned the cor¬
ner,” and that brighter prospects were dawning on the company.
There has been less firmness in the trade for wheat, and
numerous speculative realizations
having taken place, prices
have declined 3 shillings per quarter. During the present
week a large number of com bills have been paid, and sales of
produce have been necessary in order to meet them. British
farmers have also been delivering somewhat larger supplies,
and as the importations have been liberal, while about 2,200,000
quarters of wheat are afloat, a pause in the upward movement
was inevitable.
But the fact remains that Europe is in want
of large supplies, and that those which are available and in
corresponding period in the three previous seasons:
IMPORTS.
1878.
1877.
1876.
Wheat
cwt. 13,178,601
9,761,527
9,822,997
6,276,804
Barley
2,870,982
2,764,944
3,024,501
1,981,063
2,036,415
2,221,528
2,334,285
2,062,371
158,055
462,235
4,408,728
323,6 U
613,191
7,022,992
192,999
846,657
5,204,545
195,778
918,089
8,344,129
1,898,446;
1,151,125
1,147,378
999,645
1879.
Oats
Peas
Beans
Indian
Flour
corn
EXPORTS.
1879.
Barley
3,754
Oats..
Peas
Beans
Indian
Flour
4,420
14,674
5,296
276,507
29,499
corn
1876.
1877.
1878.
193,413
363,381
487,193
184,949
cwt.
Wheat
2,536
19,414
17,964
16,222
3,346
1,263
61,205
18,143
22,854
3,839
4,163
23,802
5,408
4,076
25,331
114,849'
9,207
6,901
English Market Reports—Per Cable.
daily closing quotations in the markets of London and.
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England has decreased £886,000 during the week.
The
Sat.
Nov.
8.
d. 53%
Silver, per oz
Mon.
Nov.
10.
Tues.
Nov.
11.
Wed.
Nov.
12.
52%
53%
53*3
Consols for money
97i%e 97*%® 971610 97%
Consols for account.... 97i6ie 97i6ie 97i616 97%
U. S. 5s of 1881....;.... 105%
1053S
105%
105%
U. S. 4%s of 1891
.109%
HO
109%
110%
U. S. 4s of 1907
106
106%
106%
106%
41%
Erie, common stock
43
99%
100%
Pennsylvania
50%
PhiladelphiaAReading. 31%
32%
Illinois Central
51
43%
101%
Sat.
d.
Flour (ex. State) # bbl..30
Wheat, spr’gjNo^lOOlb.lO
Spring,No. 3...
winter, West. ,n.
Southern, new.
Av. Cal. white..
California club.
“
“
6
9
Mon.
8.
d.
30 6
10 9
...
“
11
11
“
“
11
11
Corn, mix., West.# cent’l 5
2
4
1
8
8
11
11
11
11
5
2
4
1
8
8
102
Frl.
Nov.
14.
53%
53%
97'3ie 97l3i$.
97%
9773
105%
105%
108%xl08%
106%
47%
102%
106%
47%
103
52% x52%
52
38%
35%
37%
report on cotton.
51%
33%
Liverpool Cotton Market.—See special
Liverjtool Breadstuff* Market.—
8.
45%
Tliurs.
Nov.
13.
Tues.
8.
d.
29 6
10 7
10 4
11 1
11
3
11 1
11 8
5 7%
Wed.
8.
d.
29 6
10 7
10 6
11 1
11 3
11
11
5
Thurs.
d.
8.
29 0
10
5
10 2
1011
11
11
11
8
7% 5
1
1
1
8
7
Fri.
d~
29 0
10 5
10 2
1011
11 1
11 1
11 8
5 7
8.
Liverpool Provisions Market.—
Sat.
8.
Pork, West, mess.. #bbl.53
Bacon, long clear, cwt. .33
Short clear.
“
35
Beef, pr. mess, $ tierce.82
Lard, prime West. #cwfc.37
Cheese, Am. choice “
60
d.
0
0
0
0
3
0
Mon.
37
d.
0
0
0
0
3
60
0
8.
53
33
35
82
Tues.
8.
d.
53 0
33 6
35 0
82 0
37
62
9
0
Wed.
8.
53
33
34
82
37
63
d.
0
6
6
0
9
0
Thurs.
8.
54
33
34
82
37
63
d.
0
6
6
0
9
0
Fri.
8.
54
33
34
82
38
63
d..
0
6
6
0
0
0-
501
THE
CHRONICLE.
©0MtttjerciaJ autH^tisceHatueows Hews.
fVoi. XXIX.
U. S. Legal Tenders
and
National Bank Notes.—From the
Comptroller of the Currency, Hon. John Jay Knox, we have the
Imports and Exports for the Week.—The
imports of last following statement of the currency movements and Treasury
week, compared with those of the preceding week, show balances for three months past:
an increase in
both dry goods and general merchandise. U. S. Bonds held as
security for
National Banks.—
The total imports were $6,497,541,
Aug. 31..
against $6,279,157 the pre¬
for circulation deposited...
$9,310,050
ceding week and $7,798,317 two weeks previous. The exports Bonds
Bonds for circulation withdrawn.
7,872,900
for the week ended Nov. 11 amounted to
$6,819,600, against Total held for circulation
355,638,950
$8,523,252 last week and $7,910,906 the previous week. The Bonds held as security for deposits 14,747,000
following are the imports at New York for the week ending
Legal-Tender Notes.—
(for dry goods) Nov. 6 and for the week ending (for general Deposited in Treasury under act
of June 20,1874
259,709
merchandise) Nov. 7:
Total now' on
576—S1tr.
FOREIGN IMPORTS AT NEW YORK FOR THE
WEEK.
1876.
Dry Goods
General mdse...
Total week
Prev. reported..
Tot.
1877.
1878.
1879.
$.989,048
$735,603
2.779,330
$1,336,871
4,036,738
3,742,965
$1,275,153
5,222,388
$4,772,341
$5,079,836
243,787,545
$6,497,541
274,796,757
$3,768,378
245,357,316
276,568,516
week
457,500
122,400
13,183,321
12,907,199
35,318,984
35,318,984
35,318,984
standing
.
1876.
1877.
$4,583,319
1878.
$7,465,449
225,635,964
242,396,781
$6,391,896
Tot. e’ce Jan. 1..$230,219 313
$6,819,600
295,228,857
comparison of the total since January 1, 1879, with the
sponding totals for several previous years:
corre¬
Nov.
3—Str. Arnerique
6—Str. Canima
8—Str. Rhein
Havre
$2,000
8—Str. Britannic
Liverpool
Fr. silver coin..
Fug. gold coin.
The imports of
been as follows:
,
>
States
49.121
and
Territories.
45,906.155
66.858.905
$55,768,447
1868
59,219,734
1867
68,459,480
Nov.
3—Str. Rhein
Bremen
Am.
3—Str. Canima
5—Str. Crescent
Aspinwall
Am.
.
„
Hamburg
Bothnia
Liverpool
<5—Brig Thetis
Curaeoa
Ailsa
Carthagena
Aspinwall
Alps
Port-au-Prince
Kingston
Adriatic
7—Str. Nectar
gold coin..
Liverpool
$233,325
Bremen
Am. gold coin..
Gold bars
Southampton
Trade dols
Same time in1878
$18,227,560
1877
12.765.2 J 9
1876
9,914,550
1875
11,495,989
1874
1873
1872
1871
Nov.
is
ti
ci
ii
a
10...
11...
12...
13...
14...
15.718.186
5,347.772
8.409,318
1867
$
$
i
$
1,510,471 50* 2.627.858 12 1 25.297,724
1,393,115 10 3,48 5,741 00 123,848,295
1,827,397 64 9,055,872 04 116,1 26.556
1/383,651 49 3,482,892 38 114,436,403
631,539 83
1,899.796 31 113,539,119
894,530 42
1,446,597 45 112,971.025
7,640,706
04
21,998.757 30
<
9,063,650
173,275
923,560
....
1,217,660
1,087
1,610
3,080
1,908
842,560
5,333
1,900
64,821
2,730
295,097
157,295
2 42,254
291,990
500
500
..
j
284,192
389,320
53,531
|
$
62-
9,501.296
96! 8,861,099
oi! 9,354,365
71 8,945.276
87
69
24
65
8,574.304 26
30
8,590,330 68
1
.
-
*
-
States
Legal-Tender Notes Deposited to
Retire National Bank Circula¬
tion since June 20, 1874.
59,200.
470,850
45.000
Mississippi..
Louisiana
Texas
Arkansas
Kentuckv
Tennessee
Missouri
Ohio
Indiana
Illinois
Michigan
$.
|T£j ™
il-1*'
....
I
.....
..
..
....
67,500
139,500
44,813
2.099.250;
2,745,000
230,428
366
229,3 40
144,000
i
239,340
14 4,000
2,071,800
1,441,933|
533,859;
998,510
l,538,754i
1,222,797*
1 >729,93 41
364,500
626,860
814,760
4,605,920
4,488,541
3,607,410,
2,919,787
5,488,483
6,377,746;
6,711,280
8,107,680
2,479,495
2.114,995
878,439! 1,505,299
81 1,669
1,554,955;
2,366,624
190.550!
188,080
972,271
420,<8)5! 1,316,4 45
781.721 \
45,000;
455,400
89,900
161,191 !
62.100
Washington
135,000
72,300)
135,083
;
1
27,000
333,222
455,854
•
284,483
196.800
357.991
45,<>00
117,300
283,700
262,661
9,295
2,108
27,407
20,272
42,850
i
....
i
99,«>O0
s
i
297,000
755,004
1,050,614
1,740,508
1,055,153
439,375
233,080
149,400
\
1,575
7,352
393,645
113,351
1,736,540
i
.
120,855
!
280,901!
Nevada
Colorado
Utah
Montana
New Mexico..
Dakota
95,005
30,186
284,171
139,500j
i
629.867
147,600
$
225,051
39,589
137,950
606,231
76,742
299,281
2,065,338
345,151
974,605
205,126
37,005
95,300
3,599,930
53 4,800
Nebraska
i
427,500
835,164
908,369.
880,51 Of 1,788,879
731,060
270,000 1,001,060
128,200 1,012,585; 1,140,785
i
953,380;
953,380
287,725
725,400
437,6751
10,000
Kansas
0)1
Treasurer
at date.
|
1.646,380; 1.812,980
166,600
407,664
116,100
41,000
2,429,580
2,^*9 4,080
2,074,575
1,620.310
627,530
1,290,400
1,017,800
Total
$
917,000
55,800
128,797
1,069,340 1,238,437
234,800 6,682,900 6,917,700
32,3501
735,385;
767,735
65,350 1,555,830 1,621,180
2,135,398 19,198.850 21,334,248
151,660) 1,517,280 1,668,940
1,160,226 6.097,071 7,257,297
645,750
61 1.260
ders
d epo8 i t
with U. 8.
$
' |
600,000
.
317,000
72,997
169,097
1,284.110
1
Legal Ten¬
Deposits.
j 18,4.
.
..
I
n
•
i
i
'Legal tenders
j 3,813,675
Totals
78,366,060; 17,443,428-72,786,458 94,043,561 12,907,199
"Deposited prior to June 20, 1874, and remaining at that date.
Statement
of the Comptroller of the Currency on
Nov. 1,
1879, showing the amounts of National Rank notes and of Legal
Tender notes outstanding at the dates of the
passage of the
Acts of June 20, 1874, January 14, 1875, and
May 31, 1878,
together with the amounts outstanding at date, and the
increase or decrease:
National Bank Notts—
Currency
62;
$3,348,000
207,000
Minnesota
291,990
63,370
Alabama
500
1,230
1,071
455,500
Georgia
Florida
Wisconsin
Iowa
1,364
..
.
1,000
.
,
,
Ohio k Mississippi.—In the application
of the Farmers’
Loan & Trust Company of New York to foreclose the
mortgage
on the Springfield Division of the Ohio &
Mississippi Railroad,
an order was made
by J udge Drummond, and entered in the
United States Circuit Court at
Springfield, Ill., November
10,
appointing James H. Howe, of Kenosha, a special commissioner
to inspect the read and
report to the Court in writing.
Pennsylvania
Delaware
N’rth Carolina
8’th Carolina
2,892,411
Coin.
i
Total
..
New York
19,044,685
New' Jersey...
1,702,665
7,390
Balam *es.
8...
Vermont
1,672,310
Massachusetts 17,181,205
Rhode Island.
1,345,550
Connecticut
2,426,500
719,500
Same time in—
1870
$11,216,018
1869
14.815.789
1868
6.471,053
\
"
Hampshire
Virginia
West Virginia.
$56,923,458 g’d).$64,010,225
$5,480,450
Payments
N.
1,161.180
505,365
513,977
291,990
The following table shows the receipts and
payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
Receipts.
Maine
California
Same time in—
$4,523,000
iug Banks
30,000
.Total for the week <$157,272 silver, and
$4,099.59$ gold)
$4,256,870
Previously reported ($6,929,495 silv., and $52,823,860 gold) .59,753,355
Tot, since Jan. 1/79 ($7,086,767 silv., and
$6,315,000
1874.
Marvlaml
Di st. Columbia
2 43.325
gold coin..
Gold bars
Gold dust
For. gold et*in..
Am. silv. coin..
Am. gold coin..
For. silv. coin..
For. gold coin..
Am. gold coin..
For. gold coin..
Am. gold coin..
Gold bars
Am. silv. coin..
Am. silv. coin..
Gold dust
Am. silv. coin..
Am. silv. coin..
Am. gold coin..
For. gold coin..
Gold bars
5—Str. France
Havre
5—Sir. C. of Alexandria..Vera Cruz
5—Str. Frisia
periods have
Gold "bars
For. gold coin..
Am. silv. coin..
Hamilton
City
41.377,729
Gold bars
Am. gold coin..
Am. silv. coin..
Southampton
Liverpool
3—Str. Britannic
30,012,562
same
1,525,000
Additional
Cireulat’ij
issued s’ce
June
20, Redempt’n
$
Same time in—
1870
1869
specie at this port for the
1,731,000
Treasury to retire National Rank circulation, from June 20,1874,
to Nov. 1, 1879, and amount
remaining on deposit at latter date.
($11,183,967 silv., and $2,063,138 gold).$13,2 47,105
$45,368,440
940,000
636,000
241,000
Legal Tender notes deposited in the United
$77,s71
Previously reported ($11,107,846 silv., and $2,061,388 gold;. 13,169,234
Same time in—
1,158,000
issued, and the
amount of
25,000
Total for the week {$76,121 silver, and $1,750 gold)
1874
1873
1872
1871
1,447,120
2,062,000
2,286,000
Statement of the Comptroller of the
Currency, showing by
States the amount of National Rank circulation
1,750
Am. silv. bars.
Mex. silv. dols.
1,447,120
236,000
Total
$249,862,230 $301,017,370 $302,048,457
Hamilton
London
1,418,840
Miscellaneous
1879.
The following will show the exports of
specie from the port
of New York for the week ending Nov. 8, 1879, and also a
3,602,050
672,872
1,256,000
202,000
1,847,000
Philadelphia
294.625,474
3.912,120
431,147
774.720
Currency. 329.3 44,147 332,825,120 335,754,298
EXPORTS FROM NEW YORK FOR THE WEEK.
Same time in1878
$11,443,110
1877
24,842.992
1876
41.618,716
1875
66,195,085
1,628,130
Gold
Notes ree’vd for redem’u from—
New' York
Boston
ending Nov. 11:
Tot. since Jan.1,’79
346,681,016 346,681,016 340,681,016
National Bank Circulation—
New circulation issued
Circulation retired
Total notes outstanding—
Jan.
For the week
Prev. reported..
deposit, including
liquidating banks
13,037,038
Total
entered under act of Jan. 14,
1875
Total amount of greenbacks out¬
1..$249,125,694 $281,340,857 $248,867,381 $231,294,298
The following is a statement of the
exports (exclusive of
specie) from the port of New York to foreign ports for the
s ee
Sept. 30.
Oct. 31.
$6,395,000 $7,286,350
3,003,450
2,514,450
359,030,500 363,802,400
14,567,000 14,692,000
Amount outstanding June 20, 1874
Amount outstanding January 14. 1875
Amount outstanding May 31, 1878
Amount outstanding it date*
Increase dining the last mouth
Increase since jan. 1, 1879.
$3 49,891,182
351,861,450
322,555,965
335,754,298
2,929,178
13,431,444
Increase since Nov. 1, 1878
14,762,503
legal Tender Notts—
'
Amount outstanding June 20, 1874...
Amount outstanding January 14. 1875
«
,
—
Amount retired under act of Jaw. 14, 1875, to
May 31, '78
Amount outstanding on and since Mav 31, 18~8
Amount on deposit 'with the U. 8. Treasurer to redeem
notes of insolvent and liquidating banks, and banks
—
retiring circulation under Act of June 20, 1874
Decrease'in deposit during the last month
Increase in deposit sinee Jan. 1, 1879
Increase in deposit s'nce Nov. I, 1878
*
Circulation
$1,447,120.
of
national
$382,000,000
382,000,000
35,318,984
346,681,016
12,907,199
276,122
2,335,434
3,279,001
gold banks, not included in the above
0
|i
November 15,
THE CHRONICLE.
1878.]
505
Oct.
31.
%\xt ^Bankers' (Saxcttc.
No National Banks
Tlie
Ittoney
U. S. 5s of 1881
U. 8. 4*28 of 1891
U. 8. 4s of 1907
organized during the past week.
FRIDAY, NOV. II, 1879-5 F. Iff.
and Financial Situation.
To
market
Nov.
14.
Range since Jan. 1,1879.
Lowest.
Highest.
105*4 1053s 105*2 105
July 1C 109% Jan. 4
109*2 1097* x08% 106*2 Meh. 24 110*8 Nov. 12
105*2 100
1005s 101
Meh. 20 1005g Nov. 13
State and Railroad
—
Nov.
7.
those who
Bonds.—The most serious event which
anticipated that the temporary stringency in money has happened for a long time past prejudicial to the standing of
would break the prices of stocks, the past week lias been a Southern State bonds was the result of the
recent election in
decided disappointment.
The heaviest day’s business ever Virginia. It should be recorded to the honor of the State that a
known at the Stock Exchange was done on Wednesday, and
the large majority of her best men, and the press almost unani¬
advance in prices of certain stocks was quite as rapid
and excited mously, supported with all their power the McCulloch com¬
this week as at any previous time.
The feverish excitement of promise law passed by the last Legislature, and even with a
stock speculation appears to be growing rather than
subsiding, majority of “ re-adjusters” it is known that the Governor will
as there has virtually been
veto any bill looking to a
no backward movement, and every
change in that law. All Southern
person who has touched stocks or bonds has coined money.
It State credit is prejudiced by this defeat in Virginia, but there is
lias not been necessary this year to carry
stocks on margin, and some demand for Louisiana bonds for foreign account, and for
parties who have called themselves investors and purchased for Alabamas and Georgias at home.
cash a hundred shares of some low-priced stock, have found it
Railroad bonds have been vfcry strong and active, and the Erie
rise on their hands a full ten per cent as
readily as a valuable second consolidated have led the market, selling above 91 on a
stock in ordinary times would gain one per cent.
It is this uni¬ large business.
versal money-making in stocks and bonds which has be-twaddled
A press dispatch from Middletown, N. Y., this afternoon,
the public and led them to believe that there will be
great profits repons that the New York & Oswego Midland Railroad, with all
in the purchase of almost
anything which has not yet sold up to its property and franchises, was sold there to-day under a decree
par. It is useless to give warnings or prophesy a break in prices,
of foreclosure to a purchasing committee of the creditors.
The
under such circumstances, but it may not be out of
place to sug¬ price reported is $4,010,000, but this may or may not be correct.
gest to our readers who may be stock buyers that they at least
Messrs. A. II. Muller & Son sold, among other securities, the
should limit their purchases to such securities as have a
legal following at auction, which are seldom offered at public sale :
existence, and also have some sort of value on a fair considera¬
Shares.
Bonds.
tion of the past history and the
5 Market Nat. Hank
119
$2,000 Atlantic A Gulf RR.
present condition and prospects
7 8t. Nicholas Nat. Hank
107
consol, mort. 7s, clue July
of the several properties which they
represent.
1. 1897
....102
The money market has shown a material relaxation since the 15 Nat. Hank of theRepiiblic.il2
10 Nassan Nat. B’k of H’klyn.153
5,000 Hackensack A N. Y.
purchase on Saturday and Monday of $10,000,000 of Government
3 N. J. Zinc Co., pref
Ext. RR. 1st mort. 7s;
59
bonds for the sinking fund,
Zinc Co., com
51
$8,000 N. J. A N. Y. RR.
'l'he range in call-loan rates has 24 N. J.
18 U. 8. Warehouse Co
7 p. c. in. gold bonds for.$10 90
70*4
been 5(&7 per cent on nearly all business, with
exceptional trans¬
1 Brooklyn Art Asso:
$10
2,000 Jersey City 7 p. c.
actions at 4 and at | per day commission.
To-day the range was 04 Cout’utal Fire, Ins. 170%m71 %
impr. bonds, due 1891
75
3 Warren Kit. Co
100
5@7 on miscellaneous collaterals, and an important event was the
3,400 Kail. A Neb. RR. 1st
22 Am. Exch. Nat. Hank
mort. 7s, due 1905
111:,h
75*4
deposit, as reported, of Mr. Jay Gould’s checks for $3,800,000 in 20 Mon tank Fire Ins....
llH
2,100 Kan. A Neb. RR. Co.
the Bank of New York, in
payment for Commodore Garrison’s 40 Mech. A Traders’ Nat. H’k. 07
2d mort. 7s, due 1915
ll5*
•'
interest
in
the Missouri
.
Pacific
Railroad.
Prime commercial
paper is quoted at Ordfii per cent.
'1 lie Bank of England statement on
Thursday showed a decline
of £880,000 in specie during the week, and the
reserve
liabilities
to
was
percentage of
45f per cent, against 40 per cent the
week before; the discount rate remains at 3 per cent.
Silver in
London is quoted at 53fd. per ounce.
The Bank of France lost
10,000,000 francs during the week.
3
32
91
47
42
comparison with the two preceding
1879.
Nov. 8.
Diflfer'nces fr’rn
previous week.
years.
1878.
Nov. 9.
1877.
Nov. 10.
Circulation
Net deposits
..
.
Legal tenders.
“33.823,800 Inc. 4,148,500
22.341.500 Dec.
259,000
231,927.700 Dec. 2,484.300
23,480,900 Dec. 5,129.000
20,373,200
19.905.400
210.737,000
39.154.400
18,704.500
17,720,200
193,557,300
38,503,400
United gtate» Uondx.—The
great event of the week in the
Government bond market was the purchase by
Secretary Sher¬
man of $10,000,000 bonds for the Uuited States
sinking fund.
The first proposals made on Nov. 8 were all
rejected,
prices
as
the
were generally above the market, and the Secretary then
called for offers of the sixes of July, 1881, at 106, and in answer
thereto received $6,122,000
on Saturday the 8th, and the balance
Monday, 10th inst., with nearly $1,000,000 more of bonds
offered beyond the limit of $10,000,000. The market has since
been strong on a pretty large business.
oh
Closing prices
at the
N. V. Board have been
Interest
Periods.
Os, 1880
Nov.
8.
Nov.
10.
Nov.
11.
T
A J. *105»8 *104*2 *104*2
.reg.
coup. J A J. *1055* ‘104*2 *104*2
*
-.reg. J A J. *1005* 105 :*4 100
coup. J A J. 1005* *105:,4 ‘100
:.-Feb. *102 Hi *102*8 *102*8
--reg.
•J
.
.
.
.
.
5s, 1881
5h, 1881
4*2% 1891...
4*2% 1891...
coup. <, f.-Fcb.
..reg.
;.-Mar.
coup. i .-Mar,
reg. c .-Jan.
coup. O-Jan.
.-reg. J A J.
..reg. J A J.
-reg. J A J.
..reg. J A J.
A J.
..reg. J
•
.
.
.
.
.
‘102*8 102*4 *102*e
*105*4 105*2 105:**
‘100*4 *100*4 1005*
102% 1027* 102 7*
102 %
*122 Hr
*122 Hi
*123
121
*124
1027*
*122
*122
*122
*122
*122
103
*122
*122
as
follows:
Nov
12.
Nov.
13.
*10438 *104*4
M043* *104*4
‘1053* ‘105%
*105% *105»4
1023* 102*4
102*4 102*4
105*2 1055*
*1005* 100%
103*8 7 03*8
103
103*8
*122
*122 Hi
*122*2 ‘123
Nov.
14.
'104
*104
100
100
102:%
102;jh
:o5>*
‘1005s
*103*8
103*8
*123
*123*4
*122*c *123
*123*2 *123*2
*123
*121*4!
‘124
*123*2 *124
125
*121% *124%
*
Tills i« the price hhl: no gale was made at the Hoard.
The range in prices since January 1, 1879, and the amount
of each class of bonds outstanding Nov. 1, 1879, were as
follows:
Range since Jan.
Lowest.
J_, 1879.
Highest.
Amount Nov. I, 1879.
Registered.
Cs, 1880-1..ep. 103*4
5», 1881
cp.j 1017s
4*2«, 1891. .ep. 104
48, 1907 ...cp.! 99
Aug. 29 107®s June 23 $200,0793)00
Aug. 27 107Hi Jan. 15 277,277,700
Meh. 21 108
May 21 100,904,250
Apr. 1 103 Hi May 21 479,130,400
6M,cnr’noy.reg,jil9*2 Jan, 4 128 May 31
04.023,512
Closing prices of securities in London for three
since Jan. 1, 1879, were as follows:
the range
Coupon.
$70,050,450
231,102,050
83,095,750
258,810,150
weeks
past and
& Neb.
RR.
..
Co.
Kan. 8t. Jos. A Donv. City
UK. lands
10
22,000 City of New Orleans
7 ]). e. b’da (funding float¬
ing debt), due-1894
29
2,000 Ruchanau Co., Mo., 10
p. e. bonds, due
1889,
$500 each
71*4
RR. 1st mort. 7 p. e. b ds,
due Nov. 1, 1904
106%
2.000 N. O. Jackson A Great
North. RR. 1st mort. Hs,
construction bonds, due
1880
L1 1-*h
20,000 Ind. Bloom. A
RR. 1st mort. 3 to
bonds, due 1909
7,800 Ind. Bloom. A
Rlt. income bonds
33 33 Ind. Bloom. A
RR. stock, scrip
..
3,000 8tate of Georgia, 1st
series,, 7 p. c. bonds, due
July 1, 1880
llOi.j
West.
0 p. c.
09*4
West.
41
West.
$9
Closing prices of leading State bonds for two weeks past, and
the range since Jan. 1, 1879, have been as follows:
Nov.
7.
States.
Loans and dis. $270,070,800 Dec.$1,101,800 $240,224,200 $235,908,300
Specie
Kan.
scrip
$8
3,825 Kan. -A Neb. RR. of
$2,000 Colunib. A Ind. Cent.
previous week.
The following table shows the,
changes from the previous week
a
25
Kansas A Neb. RR......... 27 ‘a
I ml. Bloom. A West. RR... 29
Am. Ex. Nat. Hank
11104
Metroool. N. Bk.. .133% w 134
22 Felton Nat. Hank
144*2
17 Hank of America
140*4
1 loads.
The last statement of the New York
City Clearing-House banks,
issued November 8, showed an increase of
$359,425 in the de¬
ficiency of reserves below 25 per cent of their deposits, making a
total deficiency of $071,225,
against a deaciencyjjof $311,800 the
and
Manhattan Gaslight Co... 150
Louisiana consols
Missouri Os, ’89 or ’90
North Carolina Os, old
Tennessee Os, old
Virginia Os, consol
do
do
2d series.
District of Columbia 3-G5s...
43:*s
*
104
*25
*34
*83
*30
84*4
Nov.
14.
Range since Jan. 1, 1879.
Lowest.
Highest.
44*2 30 July 24 09 Jan.
6
*105*2 1035s Meli. 5 107% Juno 10
*25
*35
*75
*30
8 4 *2
*
18
Feb.
30
Aug. 20
8
73% June 20
37
Hept. 25
79*2 Jan.
3
Oct.
Feb.
73% June
44
Meh.
885a May
20
42
25
13
20
28
23
Railroad and 911»cellaneoua Ntocka.—The stock
market
has been even more excited than in former week*. The advance
in some stocks lias at times been so rapid as to mark four or five
per cent and more within a very short time, and the confidence
in higher values seemed to be so great as to make purchasers
indifferent about a matter of 1 or 2 per cent.
Among tlie main
props to these sharp upward turns in the prices of stocks here¬
tofore ranked among the fancies are the reports of new com¬
binations or leases ; and as the public is quite unable to get at
correct information on such mutters, the reports serve the
pur¬
pose of pushing up tlie stocks without Jimil.
The strength of
such reports lies in tlie fact that they are “goodif true,” and the
most worthless stock sold at the Board nny, in fact, be raised in
day to a dividend-paying security if a bare majority of stock¬
holders in another road vote to lease it at a specified rental. It is
this bare possibility in tlie situation which lends a certain degree
of interest to the dealings in the least valuable of stocks, as there
is not one of them which may not have the rumor afloat of gome
a
approaching lease
contract which will raise it to par. Apropos
learn thut at a meeting of the Board of I)irectors of the Burlington Cedar Rapids & Northern
Railway
Company, held Nov. 13, Messrs. Francis II. Tows, Beniamin
Brewster, and J. Tracy, representing the Chicago Rock Island
A Pacific Railroad Company, were elected directors to fill vacan¬
to
this
subject,
or
we
cies,
As to those reports
of course, impossible
of agreements yet to be consummated, it is,
for us to give our readers any satisfactory
information, but as to all matters of fact they should be
thoroughly posted, and tlie earnings given at much length on
another page will be found worthy of the most careful perusal.
The trunk-line and Western stocks are supported by the
immense business at raying prices.
'J he coal stocks are further
strengthened by another advance in the price of coal, and their
tonnage undiminished. The Gould stocks are fortified by the
perfected consolidation and the completion of the line to Omaha ;
to-day it is also reported that Mr. Gould has purchased control
THE CHRONICLE.
506
[VOL. XXIX.
of tlie Missouri Pacific.
Another rumor states that Union Pacific
and Kansas Pacific are to be consolidated. The Union Pacific
stands almost alone as the only prominent stock which shows no
animation or
upward tendency, although its earnings are
gross
very large, and for 11 days of November are stated
increase of $70,038.
Kansas Pacific is reported to
show an increase of $48,194 for the first week of November.
St. Louis & San Francisco stocks have been conspicuous for
their rise, and this is apparently accounted for by the general
Atch.Top. & 8. F.4th wk Oct 207,500
95,070
Chicago & Alton. 1st wk Nov
93,028
reported to be
to show
an
assigned for the rise in everything west of the Missouri
River, and the explanation is—“ Gould” or “trans-continental.”
There was some re-action to-day, but at the close stocks were
strong.
The daily highest and lowest prices have been as follows:
cause
Saturday,
Nov.
8.
Canada South.
Cent, of N. J.. 78* 81
98
Chic. A Alton. 98
Chic. Bur. A Q. *119 120
Chic.M.A St.P. 77* 78
do
pref.
Chic. AN. W..
do
pref.
Chic. R.I.AP.
Chic. St.P.AM.
Clev. C. C. A I.
Col.Chic.A I.C.
Del. A H.Canal
Del.Lack.A W.
Han. A St. Jo..
Friday.
Monday,
Tuesday,
Wednes.,
Thursd’y,
Nov. 10.
Nov. 11.
Nov. 12.
Nov. 13.
75
75* 75* 76
77
85
87* 89*
99*100
120 120*
79* 81*
75
81* 86*
99
120
99
120
87
98* 98*
120* 121*
78* 78*
100* 100* 101*
90* 90*! 91
92*
104* 104* 103$ 104* 104*
147* 147*1 *140 i 147 147
47
50* 49*
ioi||
100
as"
as
19* 19* 19*
77
77* 79*
79*
90*
38*
do
pref. 63* 64* 63*
Illinois Cent... 96* 97* 97*
Kansas Pacific
83*
Lake Shore.... 99* 100* 100*
8g* se?6
80
101*
93*
105*
147
51
79
20
B"
81*
81*
93*
39*
65*
98*
84*
81*
92*
39*
65*
98*
87
mi
40*
67*
98*
85
86
102
19*
Nov. 14.
78* 77
78*
86
88* 86* 89
100
100
99* 100*
121
123* 123* 121
79* 81* 79* 82*
101* 102* 102 102*
93
94* 92* 93*
105* 108 106 106
*146* 48* 148* 149
51
51* 49* 51
83* 84* 81* 85*
20* 23
19* 22
89
86* 89* S0
Q07Z
CU
91
93*
40* 41* 39
41*
67* 69*
69*
100
98* 99*
87
as
90
89
mi 102* 102* 103* 101*
90
91* 93*
*05* 106*
149
54
148
50
83
84*
23
21*
87
88*
94
91*
39* 41*
67
69
99* 100*
89
89
102
*8*
Louisv.ANash 77* 78* 78
78* 79
80* 80* 83* 82
Mich. Central.. 94* 95* 95* 96* 95* 96* 96
97* 95
Mo. Kans. A T. 29
29* 29* 30* 29* 29* 29* 32* 30*
Mor. A Essex.. 100* 101* 101
102
102
102* 101* 103* 102*
130
N.Y.C.AH. R. 129* 129* 129* 130
130
130
130
130
N.Y. L.E. AW. 40* 41* 41* 41* 41* 43* 44* 46* 44*
do
68
pref. 63* 66* 65* 67*
70* 71* 76
73*
Northern Pac. 85* 35* 30
36* 36
36* 30* 37* 37
78
102*
86
84*
95* 97*
31* 22*
102* 102*
130
131*
97*
18“
77*
37*
45
48
74*
36*
60*
28*
36*
77*
37*
61*
do
62
pref. 59* 60
60* 61
59* 60
60* 61* 60
Ohio A Miss..
30
26* 27* 27
28* 28* 30* 27* 30*
26* 27
Pacific Mail.... 37* 38* *36* 38*; 36
37
37
38* 36* 38
37*
Panama
171
170
171
168* 175
St.LALM.assd 48
50
53”
49*; 49*
49*
53* 55"
55* 53* 55*
St.L. K.C. AN. 44* 45*j 44* 45* 45
45* 47* 45* 47
45* 47
do
pref. 69* 70*' 69* 70* 70* 71 I 70* 72
70* 72* 70* 72*
29
St.L. A 8.Fran,
30* 32*
34* 38* 38* 41* 41
49*
40
do
58
pref. 36* 37* 37
44* 49* 47* 49* 50
do 1st prf. 55* 55*
64
64
66
00
68
70
73
56*
Sutro Tunnel.
3*
3*
3*
3*
3*
3*
3*
3*
3* 3*
Union Pacific.. 90
92
92
91* 91
91* 92* 91
91* 91
91*
Wabash
58* 59* 58* 59* 58* 59* 59
60* 58* 60* 58* 60*
West. Un. Tel. 104 *104* 104* 105* 104* 105* 105* 109* 106* 108
106* 107*
*
These are the prices bid and asked; no sale was made at the Board,
8*
a*
S*
6?*
Total sales this week, and the range
since Jan. 1, 1879. were as follows:
Sales of
Week.
Shares.
Range since Jan. 1,1879.
Lowest.
Canada Southern....
Central of N. J
45* Jan.
6,550
120,172
33*2 Jan.
75
Chicago & Alton
Mch.
2,136
Chic. Burl.& Quincy.
1,330 111*8 Jan.
Chic. Mil. & St. r.... 103,085
34% Jan.
do
do pref.
74 % Jan.
6,515
Chicago ANorthw... 77.450 49% Jan.
do
do
76 % Jan.
5,026
pref.
Chic. Rock Isl. A Pac.
756 119
Chic. St. P.A Minn/.
21
19,960
Clev. Col. On. & Ind.
22,884 34%
Col. Chic.A Ind. Cent
5
46,969
Del. & Hudson Canal
38
64.322
Del. Lack. & Western 157,260
43
Hannibal & St. Jo
43,210
13*
do
do pref.
34
29,920
Illinois Central
7,742
79*
Kansas Pacific
5,900
9*8
Lake Shore
67
78,222
Louisville A Nashv..
35
18,675
Michigan Central.... 31,275 73%
Missouri Kan. & Tex.
88,379
53s
Morris A Essex
8,666 75i8
N. Y. Cent. A Hud.R.
6,160 112
N.Y. Lake E. & West 625,730
2118
do pref
76.450
371^
Northern Pacifict...
16
6,874
...
do
pref.t
Ohio & Mississippi...
Pacific Mail
Panama
8t. L. I. Mt. A South.
St. L. K. C. & North.
do
pref.
St. L. & S. Francisco,
do
pref.
do
1st pref.
Sutro Tunnel
Union Pacific
Wabash
Western Union Tel..
x
71,755
91,965
44
44
i4
41
44
8
14,315
22.147
10
11
12
13
14
200
123
13
7
25%
3%
4%
7,111
9%
23s
12,935
19,700
79,650
7,760
14.200
11.500
8,300
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
57%
17% Mch.
883s Aug.
98,199
4
13
2
2
2
2
8
21
23
16
31
13
St.
North¬
west.
Range for
1878.
38
Oct.
99% 114%
27% 54%
64
I 84%
32% 55%
21
Nov. 13
Nov. 13
Nov. 12
13%!
45%
45%
66%
85
Nov. 12
Nov. 13
Nov. 14
59% 79%
983s 122
Nov. 13
23
Nov. 13
89% Nov. 12
343s
41
10
Nov. 12
41% Nov. 12
69% Nov. 12
100% Nov. 14
38%
63s
2%
59%
61%
16.%
41%
21%
7238 87
Nov. 13
4
12%
1033s Nov. 12 55% 71%
86
Nov. 14 35
39
973s Nov. 14 58% 75
33% Nov. 13
2
•7%
103% Nov. 12 6738 89
133
Oct. 27 103% 115
48
Nov. 14
7% 22%
77% Nov. 13 21% 38
40% Oct. 21
65
Oct. 21
303s Nov. 12
11%
39% Nov. 1
23%
182
Oct,
9
131
55% Nov. 13
15%
473s Nov. 12
7%
723s Nov. 13
26%
49% Nov. 14
4%
58
73
Nov. 14
Nov. 14
5%
11%
47e Mch. 17
5
73
95
Oct, 20
61% Nov. 1
4 116 June 11’
23%
102
5,785
18,680
12,460
14,900
15,000
10,625
follows.
Del. L. Central N. Y. L.
& West. of N. J. E. & W.
38,780
46,400
20,850
21,000
14,700
15,530
30.495
30,750
34,891’ 48.380
18,587; 125.270
10,735 141,610
14,5271125,470
10,937154,250
W. U.
The total number of shares of stock
outstanding
last line for the purpose of comparison.
The latest railroad
are
Ogd. & L. Champ.September;
Pennsylvania
672,460
7,106,427
12,511,660
768,160
313,884
156,890
78*6,081
230,250
7,409,495
3,909,438
1,707,244
1,705,552
4,604,195
1,292.476
1,199,246
.Sept
..
53,802
1,169,365
2,518,567
1,369,270
1,188.032
9,735,285
....
17,403
9,902
253,148
267,153
2,650
1,347
117,672
142,577
3,336,528 2,858,646 24,516,212 22,819,918
319,770 288,084 2,190,781 2,025,890
779,481 10,834,482
82,668
15,836
12,420
149,390
24,181
72,211
29,728
26,748
Scioto Valley
October...
30,250
Southern Minn...September
67,244
Tol.Peoria&War .1stwkNov
32,546
Union Pacific
October ...1,543,580
1st wkNov 124,849
Wabash
34,538
22,899
1,269,879
421,771
1,057,684
117,207
4,296,069
St.L.&S.E.—St.L..October
*St. Paid A S.City 1st wk Nov
...
Wisconsin Valley.October...
8,840,418
41*8,855
455,222
4,141,053
1,288,367
603,840
938,083
261,192
28,983
3,660,105
1,011,497
540,470
919,518
232,707
490,875
1,088,669
4,328,025
21,490
27,228
Consolidated road.
Exchange.—Foreign exchange is without special animation,
a large supply of commercial bills, as the
higher
prices of produce check purchases for export. To-day, 4.79}@
4.80 for bankers’ 60 days bills, and 4.82f@4.b3 for demand, were
about the rates on actual business, and cable transfers were 4.83£
@4.831, and the best commercial bills 4.781.
In domestic bills the following were rates on New York to-day
at the undermentioned cities: Savannah—buying 1 discount,
selling 1 discount; Charleston, plentiful, buying 1, selling
par ; New Orleans—commercial 350@400 discount, bank 150
discount ; Chicago, firm, par to 25c. discount ; Boston—25c. to 2
shillings discount.
Quotations for foreign exchange are as follows :
but there is not
November 14.
60
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
Documentary commercial
Palis (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reicbmarks)
Frankfort (reicbmarks)
Bremen (reicbmarks)
Berlin (reichmarks)
The
following
Sovereigns
>vereigns
tipoleon8
Napoleons
3 82
®
4
3 90
®
®
Span’b Doubloons. 15 60
3 85
4
4
®15
®15
78
00
80
Mex. Doubloons.. 15 55
65
Fine silver bars
1 15%® 1 16
Fine gold bars....
par.®%prem.
..
banks for
Banks.—The
a
“
8..
Oct.
®4 .83%
4.82%®4< .83
4.81 %®4, ,82
4.81; ^4. 81%
5.24%®5. 21%
£*3%®5. ii%!
40 /
95/
%®
>4%®
94%®
94 %®
Silver %s and %s.
Five francs.I
Mexican dollars..
English silver
....
—
—
—
—
Trade dollars
—
New silver dollars
—
following
are
—par.
99%® —par.
92
91
4 70
Prus. silv. thalers.
95
95
95
68
®
®
—
—
95
92
® 4 78
7b - 70
99%® — 99%
99%® par. -
the totals of the Boston
L. Tenders. Deposits.* Circulation. Agg.Clear.
%
3.531.200
4.375.200
42,945,600
26,981.400
44,812,5*6
Specie.
129.447.200
127,747,900
127.793.200
126,748.000
120,027,300
120.225.100
126.903.100
128,015.000
130,491.300
132,056,100
133.491.100
*
4.83
4.79%3 4.80%
4.79%®4.79%
4.78%® 4.79
4.78 ®4.78%
5.26%®5.23%
5.26%®5.24%
5.25%®5.23%
39%® 39%
94 ®
94%
94 ®
94%
94 ® 94%
94 ® 94%
series of weeks past:
Loans.
%
Sept. 1..
Demand.
days.
are quotations in gold for various coins:
$4 82 /3>$4 85
Dimes & % dimes. — 99%®
X X Reicbmarks.
X Guilders
13,010
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
148,089
Phila. & Erie
Sept
Phila. & Reading. Sept....... 1,374,013
1st wk No 7
St.L.A.&T.H
21,842
do
(brs).l8t wkNov
10,940
St.L. Iron Mt. &S.lstwkNov 172,200
St. L.&San Fran. 1st wkNov
47,281
14,670
is given in the
4,024,221
10,378,543
102,869
79,553
59,000
Pad.&Eli3abetht.4th wkOct
Pad. & Memphis.. 2d wk Oct..
15,100
47,949
earnings and the totals from Jan. 1 to latest
given below. The statement includes the gross earn¬
...
3,670
..
4.725,473
1,307,506
86,971
Minn.& St. Louis.October
34,525
Mo. Kans. & Tex. .1st wk Nov
67,916 2,661,480
Mobile & Ohio.... 1st wk Nov
59,577 1,565,084
Nashv.Ch.&St. L.September
123,497 1,271,02:
N.Y.L. Erie&W. .August
1,450,223 1,445,929 10,388,547
N. Y. & N. Engl’d September 216,421
89.180
Northern Pacific.October... 287.000
152,200
I/Ouisv.Cin.&Lex.September
Tele’gh.
3,800
137,789
170,832
120,785
85,484
105,769
50,054
85,220
66,211
157,363
...
Boston
Total.
78,222 103,085 77,450 157,260 120,172 625,730 98,199
Whole stock. 494,665 154,042 149.886 524.000 175,400
780,000 410.500
dates
do
(Iowa)..October...
Indiana Bl. & W..October
Int. & Gt. North..4th wk Oct
t Range from July 30.
were as
3,171,348
Chic. Burl. &Q.. September 1,484,316 1,382,123 10,303,937
Chic. Dub. & M... 3d wk Oct..
12,795
8,257
Chic. 6c East. Ill..4th wk Oct
20,273
26,360
704,957
Chic Mil. & St.P. 1st wk Nov 284,000
180,389 8,131,000
Chic.ANorthw ...October... 1,935,000 1,573,422 13,252,929
Chic. St. P. & Min.lst wk Nov
27,712
20,132
940,806
Chic. & W. Mich 3d wk Oct..
14,424
12,627
Clev. Mt. V. & D. .4th wk Oct
14,206
12,259
330,336
Dakota Southern.September
15,566
147,205
17,431
Denv.S.P’kAPac.October... 132,185
627,604
27,575
22,626
Dubuoue&S.City.4th wk Oct
693,317
Gal. Har. & S. An.September
131,363
132,418
Gal. Houst. &H.. August
35,859
37,317
281,330
Grand Rap.& Ind.September
132,191 103,172
Grand Trunk. Wk.end.Nov. 1 220,978
186,977 7,420,425
Gr’t Western. Wk.end. Nov. 7 102,010
87,784 3,777,975
Hannibal<fc St.Jo. 1st wkNov
54,310. 48,279 1,592,409
Houst. ATex.C...September
365,440
332,555 1,987,084
Illinois Cen.( Ill.).. October... 580,244
506,751 4,559,501
90
.
5,088,040
Atl. & Gt. West.;.September
429,285 - 340,149
Atlantic Miss.&O. September 177,342
153,880 1,166,007 1,198,145
Bur. C. Rap. & N.. 1st wk Nov
34.262
30,480 1,245,222 1,303,977
Burl.&Mo.R.in N. 1st wk Oct.
93,229
77,773 1,521,720 1,323,869
Cairo & St.Louis.. 4th wk Oct
8,916
5,724
219,443 ' 192,740
Central Pacific...October...1,833,000 1,773,089 14,426,698 14,637,040
Ches. & Ohio.. ..September 222,601
210,743 1,424,487 1,440,671
High.
Nov. 12
Nov. 14
Nov. 12
men¬
-Latest earnings reported.—* ^-Jan. 1 to latest date.Week or Mo.
1879.
1878.
1879.
1878.
Ala. Gt.Soutbern. August
$34,807
$31,850 $254,997 $220,797
*
Low.
94
leading stocks
Paul.
16,430
15,090
22,260
18,164
15,080
3 78%
2 89%
3 100%
7 124
4 82%
4 102%
3 I 94%
3 108
8 149
5 54
2
85%
23
10
26
21
6
13
2
4
Jan.
3
Mch. 24
Jan.
4
Jan.
2
1038 Jan.
69,479
28,388
41,135
18,215
40,655
16.061
May
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mch.
Jan.
Jan.
Feb.
Jan.
Jan.
7% Jan.
Total sales of the week in
Nov.
Jan.
Highest.
Aug. 9
44% Aug. 30
22.322
Range here given is from May 5.
Lake
Shore.
in prices for 1878 and
earnings from Jan. 1 to, and including, the period
tioned in the second column.
.
3.304.200
43,340,700
43.853.300
3.254.200
3,246,300
3,215.000
4,182,000
4.180.900
4,034,000
4,379,300
4,838,000
4.931.500
4.582.900
4.528.800
4.480.500
48.907.100
49,152.400
3.245.400
4.370.200
51.108.100
3,347,600
3.267.100
3.271.400
3,262,900
3.251.100
43.664.300
44,524,800
45.828.300
47,210.000
48,063,400
27,117,800
27,197,500
27,376,900
27,545,100
27,836,200
47,305,806
44.932,820
27,973.600
55.617,716
28.146.300
28,372,700
28.557.300
29,041,000
64,281,244
66,499.862
48,392.118
45,506.856
57,139,771
65.241,372
69,360,177
Other than Government and banks, less
Clearing-House checks.
Philadelphia Banks,—The totals of the
Philadelphia
are as
follows:
Loans.
Oct.
Nov.
Lawful
Money. Deposits.
Circulation.
%
63,558,250
17,687.922
54,442,640
64,706,995
65,942,232
17,235,369
10,240,119
54,709355
11,795,906
11,814.680
54.812358
66,274.801
15,639,404
15,185.160
66,680,258
14,851,359
54,586.094
54,187,213
53,561.853
11,853,039
66.337,415
11,878,284
11,885,099
11,875,666
banks
Agg»clw-
42.738.257
44,100,759
52,253.037
54,606478
51,527,26#
54,961,996
£
CHRONICLE.
THE
|
November 15, 1379.
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on Nov. 8, 1879:
Average amount of
Banks.
Capital. Loans and
discounts.
Mercantile
Pacific
Republic
Chatham
Metropolitan....
Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ A Tr..
Park
Mech. Bkg. Ass’n
Grocers’
North River
East River
Manuf’rs& Mer..
Fourth National.
Central Nat
Second Nation’1.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Total
8.520.400
6,036,500
1,437,000
6.730.300
6.753.700
4,83>*,600
8.773.600
1.328.900
197.300
957.800
602.800
441,000
233.000
2,839,000
6.810.500 1.467.200
246.500
2,933,000
167.300
1.655.700
10.515.500 2,098,100
454.500
3.640.200
213.700
3.647.900
1.268.400
202,800
1,102,000
35,000
845.800
16,800
298,100
2.807.600
920,900
97,500
2.646.500
417.400
$
732.200
527.300
332,000
453.900
567.200
920.300
265.000
462,000
180,600
179.500
1.683.400
6,076,300
500,000
2.587.600
3,000,000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
13,256,000
1,500,000
1,593.000
1,100
993.800
930,000
261.400
172.700
269.900
800,200
2,700
113.100
191.700
261.800
2,136.000
859,600
2,028.000
8,774,000
9.487,000
8,537.000
030,000
535.900
198.000
473.400
37,700
540.000
449,000
1,486,200
898.000
367.100
3.139.400
1.781.000
180,000
64.600
215.700
320,000
2,075.500
481.200
87.300
72,000
1,069,700
351.700
1,379,000
171.400
273,000
112.300
49.000
3.008.300
1.384.600
1.382.400
990,000
400,200
5,400
362,000
236.600
1,120.000
5.615.700
2.371.400
9,914,000
1.547.800
1.830.400
66.400
2.032.900
2.443.100
223.300
260.500
97,200
283.100
232.800
1.882.400
157,300
77.300
2,911.000
532,OOC
3.999.100
5.101.300
259.500
614,800
202,000
185.000
677.800
1.646.e00
2.793,000
19.300
375.000
325.400
1.550.400
234.000
16,354,900
13,357,300
775.800
2,810,600
2,560,000
05,300
2.409,500
2,000,000
500,000
2.772.000
18.205,900
15.663.800
225,000
745.600
6,500
101,000
36.400
779,700
240,000
85.800
827,300
250,000
4.000
308,000
100,000
3,200,000 15.397.500 1.639.200
8,386,000
620,000
2,000,000
305.000
300,000
2,397,000
4.364.700
453.700
750,000
500,000 11.639.600 1.814.600
7.496.800 1,022,000
1,000,000
113.700
300,000
1.248.700
23.000
1.407.700
250,000
11.400
200,000
1.209.400
750,000
2.115.400
171.600
300,000
351.200
2,479,000
117.800
935.400
72.800
60,600
75.000
2,176.100
1,075.000
317,000
1.843.000
1.401.100
2.905.500
715,000
378.100
2,244,000
262.500
8.900
449.500
450,000
2.500.200
450.000
4.700
5.116.600
777,900
605.300
357.000
1.083.6C0
537,300
311,400
705.900
751.500
646.100
347.000
161,700
14.767,300
787,200
7.081.000
1,486,000
269,000
599,000
450,000
798.700
269.700
225,000
180,000
2,515.0004
518.500
276.400
442.800
3.948.900
10,879.600
90,100
282.000
870.300
1.034.000
316.600
81,500
226.500
1,230,300
1.786.400
2.348.700
7,052,500
270,000
60.800.200 270.076,800 33,823.800J23,486.900 231,927.700 22.341,500
The deviations from returns of previous week are
Loans and discounts
Pec. f 1.161,600 | Net deposits
Inc.. 4,148,500 I Circulation
Dec. 5,129,0001
Specie
Legal tenders
The
44,500
135,000
8,650.000
6.133.500
60,300
168,000
264.000
700,000
1,000,000
400
551.800
262,100
324.500
976.500
1.494.000
3.793.700
5.865.800
5,309,000
794,800
1,948.000
3.134.200
$
492,600
1,720.000
1.147.200
10.108,600
2.875.100
2,048.400
1.509.900
700.600
629.400
450.000
412,500
*
7,998,000
264,000
15,676.800'
1,000,000
422,700
1,500,000
Circula¬
tion.
2,379,000
6.780.500
12,879,000
4.878.900
3,303,000
1.958.500
4.669.200
People’s
North America..
Hanover
Irving
*
t
$
New York
2,000,000
Manhattan Co.
2,050,000
Merchants
2,000,000
Mechanics’
2,000,000
Union
1,200,000
America
3,000,000
Phoenix
1,000,000
1,000,000
City
Tradesmen’s....
1,000,000
Fulton
600,000
Chemical
300,000
Merch’nts’ Exch
1,000,000
Gallatin Nation’1 1,000,000
Butchers’&Drov.
300,000
Mechanics’ A Tr.
300,000
Greenwich..
200,000
Leather Man’f’rs
600,000
■Seventh Ward
300,000
State of N. York.
800,000
American Exch.. 5,000,000
Commerce
5,000,000
1,000,000
Broadway
Net dept’s
other
Tenders. than U. S.
Legal
Specie.
following
1879.
Mar. 15...
Mar. 22...
Mar. 29...
Apr.
Apr.
Apr.
Apr.
May
May
May
May
May
are
the totals for
Loans.
$
Specie.
246.324.500
17,312,400
18,803,700
18,446,800
18,305,000
18,903,900
18.875.600
18,228,100
18.516.200
18.745.600
243.839.800
240.458.500
5... 235.836.600
12... 230.442.900
19... 231.151.300
26... 231,096,900
3... 239.357.800
10... 242.941.600
17... 253.838.500
24... 257,036,500
31... 257.272.800
June 7... 258.332.700
June 14... 256,291,000
June 21... 256,901,000
June 28... 253.575.500
July 5... 257,082,500
July 12... 262.951.900
July 19... 262.719.800
July 26... 260.582.600
Aug. 2... 267.280.100
272,9.‘16,000
AUg.
9.*
Aug. 16... 274,311,000
Attg. 23... 263.570.100
Aug. 30... 258.160.300
Sept. 0... 257.386.800
8ept. 13... 256.960,400
Sept. 20... 259,391,000
Sept. 27... 260.763.700
4... 266.364.300
Oct.
Oct. 11... 268.701.800
Oct. 18... 267.505.500
Oct. 25... 269.433.300
Nov. 1... 271.238.600
Nov. 8... 270.076,800
•
$
a
as
follows
:
Dec. $2,484,300
Dec.
259,000
$
18.763.900
18.802.400
18.785.400
18.996.700
18.780.900
19.296.900
19.666.400
19.889.600
19,971,500
20,011,700
19,927,000
19.652.400
19,024,100
19.553.200
19,031,100
19.684.700
19.753.800
19.876.900
19,942,000
20,017,400
20.149,100
22.566.300
26.383.600
27.682.600
29.675.300
33.823.800
19.335.200
19.290.900
19.512.100
19.635.500
19,096,100
19.721.200
19,707,000
19.683.100
19,688,000
19.685.400
19,856,600
19.869.400
19.977.800
400,417,429
Bid. Ask.
20,050,800 450,084,041
20.156.200 456,961,901
20.371.300 432,735,690
20.542.900 432.526,468
20.509.900 391,835,789
20,531,000 481.601.657
20.549.500 494,794,747
20.504.800 491.715.201
20,082,100 560,036,583
20.710.500 005,012,052
20.827.500 482,688,369
20.942.500 476,563.861
21.372.300 452,345,265
21.603.500 507.109,348
21.384.900 530.921.366
21.531.900 591.859.560
21.932.400 747,278.535
22,080,100 741,448,440
22.286.800 798,960,746
22,448.700 701.277.72s
22.000.500 865.862,857
22.341.500 772,150,134
Bid. Ask.
BBCUBITIBS.
....
..
105*
95
100*
07*
139
85
12*0*
125
8*
16*
..
61*
•
• • •
«•«
•
• e •
121*
•
•
•
STATE AND CITY BONDS.
Penna.
do
do
do
do
do
5s, g’d, lnt.,reg. or cp.
5s, cur., reg
5s, new, reg., 1892-1902 111* 112
68,10-15, reg.,ls77-’82. 102
6s, 15-25. reg., l882-’92.
6s. In. Plane, reg.,1879
Philadelphia, 5a reg. do
6s, old, reg...
6s,n., rg., prior to’9?
6s,n.,rg.,1895A over 113
Allegheny County 5s, coup
119
6s,gold, reg ...
7s,w’t’rln,rg. Acn.
7s 1907....
Sunbury A Erie 1st m. 7s, *97..
Hyra.Gen.A CornV,lst,?8,19i>5
Texas A Pac. 1st m ,6s, g.,1905
do
cons. m.,6*,g.,1905
do
inc.Al. gr.,78 1915
Union A Titusv. 1st m. 7s, *90.
United N. J. cons. m. 6s, *94..
Warren A F. 1st m. 7s, *96
West Chester cons. 7s, *91
47
140
£8*
117
do
1st m. 7s, *99
Western Penn. KR. 6s,cp.l899
6s P.B.,’96.
do
m. conv.
g.,
reg.,*94
mort.
cons,
do
2d m. 6s, reg., 1907
do 6s, boatAcar.rg.,1318
106
103
82
100
75
do 7s, boatAcar.rg.,19.5
Susquehanna 6s, coup.. ;9i8 .*
BALTIMORE.
do
pref.....
do
new pref
Delaware A Bound Brook....
43
95
30
10
50
49
100
8
10
15*
40
East Pennsylvania
Elmira A Williamsport
pref..
Lancaster.
Huntingdon A Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill
Mlnehlll
P
40*
17*
36*
Pennsylvania
Philadelphia A Erie
Pnlladelphla A Reading
Philadelphia A Trenton
Phlla.Wflming. A Baltimore
Pittsburg Titusv. A Buff
at. Paul A DuluthR.K. Com
do
do
pref.
United N. J. Companies
8*
88
60
140
do
6s, exempt, 1887
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, iSSl. quart
do
6s, .886, J.A J
do 6s, 1890, quarterly...
do
6s, park, 1890, Qr—M.
do
68, 1898, M. AS
do
do
es.exempt/aS.M’AS.
08, 1900, Q—J
6s, 1902, J. A J
5s, 19i6, new
Norfolk water, 8s
BAIL, BO AD STOCKS.
103
51
Balt. A Ohio....
no
1st pr.
Par.
100
f
do
2d prtf
do
Wash. Branch. 100
do
Parkersb’g Br..50
36*
Northern Central..
50
Western Maryland
50
Central
Ohio,
50
e*
49*
18
*70
150
consol, pref....
Pittsburg A Connellsvllle..50
BAILBOAD
BONDS.
Balt. A Ohio 6s, 1880, J.AJ....
do
6s, 1885, A.AO.
N. W. Va. 8d m.,guar. ,’85,J A J
Plttsb.A Connellsv.78,’98JAJ
Northern Central 6s, %5, J AJ
.
............
39* 50
Delaware Division
Lehigh Navigation
Morns
do pref
pref...
Maryland 6s, defense, J.A J..
do
do
88*
53
101
40
Nesquehoulng Valley
Norrlatown
.
North Pennsylvania
14
RAILROAD BONDS.
Allegheny Vai., 7 3-10s, 1896...
do
is, E. ext., 1910
do
Inc. 7s, end., ’94
39
Belvldere Dela. l st m., 6s,1902.
do
2d m. 6s. ’85.. 100
do
3d m. 6s, ’87.. 103*
Camden AAmboy 6s,coup,’83
do
6s, coup., *89
do
mort. 6s, ’89
111
Cam. A Atl. 1st m. 7s, g., 1?93
Cam. A Burlington Co. 6s,’97.
Catawlssa 1st, 7s, conv., ’82...
do
ebat. m., 10s, *88
do ' new 7s 1900
114
Connecting 6s, 1900-1904......
Chartlers Val., 1st m. 7s,C.,190:
Delaware mort., 6s, various..
Del. A Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7s, *88
El.A W’msport, 1st m., 7s, *80.
.
_.
..
..
do
5s,perp— ....
Harrisburg 1st morr 6s, *83
H. A B. T. 1st m. 7s, gold, *90
2d m. 7s, gold, *95.
do
do
8dm. cons. 7s, *95*.’....
IthacaA Athens 1st g d, 7s.,*90
Junction 1st mort. 6s, *82
do
2d mort. 6s, 1900
Lehigh Valley, lst,6a,cp., 1898
do
do reg., 1893...
do 21 m. 7s, reg., 1910..
do
6s.
1900, A.AO.
do 6s, gld, 1900, J.AJ.
Cen. Ohio 6s, 1st m.,*90.M.A 8.
W. Md. 6s, 1st m., gr ’90,J.AJ.
do
1st mM i 890, J.AJ
do 2dm., guar., J.A J
2d m., pref
do
do 2d m.,gr. by W.Co.JAJ
do 6s, 3d in., guar., J.A J.
Mar. A Cln. 7s, ’92, F. A A ...
do
2d, M.AN
do
8s, 3d, J. A J......
Union RR. 1st, guar., J. A J..
do
Canton endorsed.
CINCINNATI.
Cincinnati 6s, long
do
7s
do
7*808
do
South
do
do
6s, gold.)
Hamilton Co., O., 6s. long., .+
ao
7s, 1 to 5yrs..f
do
7 A 7*308, long.t
Cln.A Cov. Bridge st’k, pref.
Cin. Ham. A D. 1st m. 7sf *80+
do
2dm. 7s, *851
Cln. Ham. A Ind., 7s, guar....
Cin. A Indiana 1st m. 7s.
do
2d m. 7s, ’77..+
Colum. A Xenia, 1st m. 7s. *90
Dayton A Mich. 1st m. 7s, *81+
do
2d m. 7s,’84.+
do
3d m. 7s, *88+
,
115
105
101
*85
do
1st m., 1905.t
do
1st m. 6s, 190)
Ind. Cln. A Laf. 1st m. 7s
...
123
6s,rg.,1923
6s,'■ p .,1923; 110
Little Schnylklll, 1st m.7s *82 ...
109
North. Penn. 1st m. 6s, cp.,*85.
do
2dm.7s.cp., *96.
116*
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 190? HI*
Oil Creek 1st m. 7s, coup.,*82.
plttsb. Titusv. A B.,7s, cp.,’96
do
scrip.... 20
do
(I.AC.) 1st m.7s,*88+
Little Miami 6s, *68
+
Cln. Ham. A Dayton stock...
Columbus A Xenia stock
Dayton A Michigan stock....
do
I. px.itl’k,guar
Little Miami stock.
LOUISVILLE*
Louisville 7s
t 103*
do
+ 102
6s,*82 to *87
do
6a, *97 to *98
102
water 6s,*87 to *89
do
102
water stock 6«,*974 102
do
wharf 6s
do
t 102
Pa.AN.Y.C. A RR.7s.l896....
do
spec’l tax 6s of '89.+ 102
Pennsylv., 1st m., 6s, cp., *80.. i04 104* Louisville rater 6s, Co. 1907 + 105*
do
Jeff. MJtl.lstm. (IAM) 7fc,*8lf 100
gen. m. 6s, cp., 1910.
do
gen. m. 6s, rg., 1910.
do
2dm., 7s.
1 102*
cons. m. 6s, rg., 1905.
do
do
lstm., 7s, 1906....+ 112*
111
cons. m. 6s. cp., 1905.
do
Louisv. C. A Lex. 1st m.7s,*97+ U0*
do
Navy Y ard 6s, rg,’81
Louis. A Fr*k.,LoulST. In,6s, *8 101
Pe n.co ,6s. reg
Loulsv. A Nashville—1
Perkiomen 1st m.6s,coup.,’9i
Leb. Br. 6s. *86
+ 102*
103
Phlla. A Erie 1st m.6s. cp.,*81 100
1st m. Leb. Br. Ex.,7s, *80-85.+ 103
do
2d m. 7s, cp.,*38. 109* Ill
do
Lou. In.
<«, *93,..+
Phlla. A Read. 1st m.6s, *43-*44
Jefferson Mad. A Ind. stock.
do
do
'48-A9.
ST. LOUIS.
2d m., 7s, cp.. K
do
do
f 104
deben., cp., *fi#
116* St.Louis 6s,long...,
do
water 6s, gold
do
do
f 106
cps. off. 49
do new.f 105*
do
85
do
do
scrip, 1882.
do
bridge appr^g. 6s r 105
do
In. m. 7s, cp,1896 88
do
renewal,
gold, 6s.t 166
do eons. m. 7s, cp..l9l!M
uo
•ewer, g. 6s, *9i-2-8.t 106
do eons. m. 7s, rg.,1911.. 114
107
St. Louis Co
•
do
In default. $ Per share,
_
f Coo. to Jan.. *77. funded.
109
Dayton A West, lstm., ’8I...+
D
do
m.
8unb. Haz. A W.,lst n).,5s,’2L
Pennsylvania 6s, coup., 7910..
Schuylk. Nav.lst m.6s.rg.,*97.
34
con. m.,
Stony Creek 1st
do
do
do
RAILROAD STOCKS, t
do
do
mort., 7s, 1892-3..
gold,*97.... 100
m.78, rg.,191! 102
Morris, boat loan, reg., 1885..
Camden A Atlantic
do
do
pref
Catawlssa
do
do
85
Phlla. Wllm. A Balt. 6s, *84
Pltts.Cin.A8t. L. 7s, cou.,190G
do
do
7s, reg., 19iH)
Shamokin V.A Pottsv. 7s, 1901
Steubenv. A Ind. 1st, 6s, 1884.
13
7s, str.lmp., rear.,*83-86.
N. Jersey 6s, reg. and coup...
do
exempt, rg. A coup.
Camden County 6s, coup
Camden City 6s, coupon
do
7s, reg. A coup
Delaware 6s. coupon
Harrisburg City 6s, coupon..
WestJersey.....
do
7s, conp. off, *93
Phil. AH.Coal A Iron deb. 7s,92
do
deb. 7s. cps.ofi
CANAL BOND8
do
West Chester
Phi). A R. cons.m.6s.g.i.l911.
do conv. 7s, 1893*
Chesap. A Dela. 1st 6s, rg./8G
Delaware Division 6s, cp.,*?8
Lehigh Navlga. m., 6s, reg.,*84
do
mort. RB., rg ,*97
Allegheny City 7s, reg
Pittsburg 4s,coup., 1913....
do
5s, reg. A cp., 1913.
do
do
Har. P. Mt. Joy A
Bid. Aik,
SKOTTBITIXS.
West Jersey 6s, deb.,coup.,*8S
do
1st m. 68, cp., *96.
do
do
do
do
Etc.-Continued.
X
....
....
PHILADELPHIA.
Susquehanna
....
.
Old Colony
109* 109*
Portland Saco A Portsmouth
Fort Scott A Gulf, preferred
do
common.
20*
110
Pullma > Palace Car.
Pueblo A Arkansas
07*
28
Rutland, preferred
117
Vermont A Massachusetts..
Worcester A Nashua
54* 5*5
423.259.559
487,843,450
503,108,030
546,798,025
591,290,770
598.236.201
529,996,036
439,750,395
472,828,088
Omaha A B. Western, 8s
Pueblo A Ark. Valley, 7s
103 *
Ateh. A Tcpcka 1st m.7s
113
Rutland 6s, 1st mort
do
landgrant7s
Vermont * Canada, ne w 8s..
do
2d 7s....
nzh
Vermont A Mass. tiR., 6s
do
land Inc. 8s..
flTOrfTH
Boston « Albany 7s
isix
AtchlFon A Topeka
do
6s
109
Atjhl o i A Nebraska
Boston & Lowell 7s
00
Boston * Lowell 6s
Boston A Albany.
Boston A Maine 7s
Boston A Loweli
84*
Boston A Providence 7*
Boston A Maine.
11»*
Burl. A Mo., land grant 7a....
113
Boston A Providence
do
Neb. 6s
124*
106* Burlington A Mo. in Neb
do
Neb. 8s, 1883
46
Cheshire preferred
Conn. A Passumpslc. 7f, 1891.
55
Chic. Clinton Dub. A Min
83* Cln. Sandusky A Clev
Eastern,Mass.,4^s,new. ... *6*2
16*
Concord..
Fitchburg KB., 6s
do
7s
143
Connecticut River
Fort 8cott A Gulf 7s
io*£
61
Conn. A Passumpslc
Hartford A Erie 7s
27*
49* 49* Eastern (Mass.).
Ann. City Top. A W., 7s, 1st
Eastern (New Hampshire)...
do
do
i21
7s, Inc..
Fitchburg....
K. City Lawrence A Bo. 41... 81
Kan. City Top. A Western...
Kan. City. St. Jo. A C. B. is. .
EL.
C.
Law.
Southern
A
100*
Kaa. < It 8t. Jo. A C. B. la. 75
85
K. C. St. Jo. A Council Huff* 48
New York A New Eng. 7s....
109* Manchester A Lawrence....
Nashua A Lowell
Ogdens burg A Lake Ch.8s...
103*
....
49
24
Bgdensb. A L. Champlain ..,
do
pref..
Pennsylvania
Schuylkill Navigation
Old Colony, 7»
OH Colony, 0s
BOSTON.
New York A New England... 48*
Northern of New Hampshire
121
Norwich A Worcester
413,892,738
399.872.657
461.180.657
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHEB CITIES.
BBCUBITIK8.
Bid. Ask.
sneunmns.
CANAL STOCKS.
L. Tenders. Deposits. Circulation. Agg.Clear.
210.563.300
206.591.400
198.945.600
193.121.700
195.303.700
200,255,000
204.514.200
214.331.700
224.937.200
230.424.700
227.345.600
225,754,000
228.963.300
44.651.900 227.316.700
43.859.400 220,177,000
46.902.600 226.113.600
49.544.600 236.007,300
51.301.900 241,328,800
50.508.900 240.154.300
54.288.100 243.383,000
57.655.100 254.770.700
50.435.500 253.230.200
43,974,000 248.474.600
41,838,000 235.953.900
41,279,300 228.817.400
40,088,900 226,635,000
39.481.100 225.572.900
42,029,400 228,271,000
40,047.700 229,983,000
38,093,500 231.920.700
36.438.500 232,780,500
33,097,700 232.805.300
30.151.700 231.668.000
28,015,900 234,412.000
23.486.900 231.927.700
PHILADELPHIA.
B09T0N,
Chesapeake A Delaware
series of weeks past:
39,173,400
36,972,600
34,268,900
31,815,800
36,145,400
40.672.100
45.224.500
49.440.500
53.576.700
49.150.900
43.284.900
41.791.400
42,822,800
507
t And Interest
106*
508
THE CHRONICLE.
QUOTATIONS
U. S. Bonds and active Railroad Stocks
are
STOCKS AND
OF
quoted
previous page.
on a
STATE
!l
'Ask.
Bid.
SECURITIES.
Alabama—5s, 1883
5s, 1886
Ss
8s, Ala. A Chatt. Kit
....I
8s of 1802
8s of 1893
Class A, 2 to 5
48-VI 50
80
Class B, 5s
Class C, 2 to 5
8s, of 1910
7s, consolidated
7s, small
56%
Arkansas—6s, funded
10
7s, L. Kock & Ft. Scott iss.
7s, Memp. & L. ltock It It.
7s, L. It P. B. A N. O. HR.
7s, Miss. O. & It. P Kit...
7s, Arkansas Central HR.
Connecticut—6s..*.
Georgia—Os
7s, new
7s, endorsed
7s, gold
'
Illinois—6s,coupon, 1S79...
do
do
RAILROAD
j
1st
2d
pref.
do
pref.)
Chicago Sc Alton, pref
i
Manhattan
Marietta Sc Cin., 1st pref...
do
do
2d pref...
Metropolitan Elevated
Mobile St Ohio, assented..
Nashville Chat. Sc St. Louis.
N. Y. Elevated
N. iJsNew Haven Sc Hartf.
Ohio & Mississippi pref
Pitts. Ft. W. Sc Cnic., guar,
do
do
spec’l.
Rensselaer St Saratoga
Rome Watertown A Ogd...
St. Louis Alton Sc T. H
00* *|
‘
do
28
!
!
do
do
Stonington
57
ii
..
:
Wells, Fargo Sc Co
Quicksilver
pref
Atlantic Sc Pacific Tel
American District Tel
Gold Sc Stock Telegraph...
Canton Co., Baltimore
American Coal
Consolidation Coal of Md.
Cumberland Coal A Iron....
Maryland Coal
Pennsylvania Coal
do
pref.
Ontario Silver Mining
Homestake Mining
Standard Cons. Gold Minin*.
Pullman Palace Car
76"; 77941
133*4
134*4!
[159
1
Bur.Ced.R.&North.—lst,5i
Minn.A St. L., 1st, 7s,
guar
Chesap.A O.—Pur. m’y fund
6s, gold, series B, int. del.
6s, currencv, int. deferred
Chicago A Alton—1st mort.
Income
Joliet St Chicago, 1st m...
Louis’a A Mo., 1st m.,guai
do
2d 7s, 1900.
St. L. Jack. A Chic., 1st m.
Miss. Riv. Bridge, 1st, s.f, 6s
Chic. Bur. A Q.—8 p.c., 1st m
Consol, mort., 7s
112
111"
114
25
24
20
23*4
43*4
148
151
108
'108
do
assented.
dp
assented
Adjustment, 1003
Lehigh A W. B5, con., g’d..
do
assent’d
Am. Dock A Impr. bonds.
«do
assented
link
1UU
4th mort...
Col. Chic. A I. C., 1st con.,
do.
2d con...
do 1st Tr’t Co.ctfs.ass.
do
do
suppl.
do 2d
do
ass.
.
1st.
Buff. N.Y.A E, 1st m., 1916
N.Y.L.E.AW.,n.2d,con.,6s
do
56
....
1st, con., f,
...
ml
59
1st mort., Waco A N.,7s^
2d C., Main line, 8s
2d Waco A N., 8s
Inc. and ind’y. 7s
!
60
65
39'
:
.108%!
!106 j
::::
105
61k1
3k4
do
new
I
J
bonds. 4108
do
:110
i
IO0J4 1.07
!,
48k] 49
2d mortgage
Stock
St.L.A San F.—2d in..class A
...
2d mortgage, class B
do
class C
10194 102
St.L.A S.E.—Cons., 7s, g.,’94
St.L.VandaliaA T.H.—1st m
127
2d mortgage, guar
South Side (L. 1.)—1st mort
125’ South Minn.—1st m., 7s, ’88.
4113
116
*«t mortgage, 7s (pink)—
4106
|
Extension
81k! 82k Texas A Pac.—1st, 6s, 1905..
40 J 41
(
Consol. 6s. 1905
32%; Income and land gr’t, reg.
81k ....' Tol. Can. S.A Det.—1st. 7s, g
8h9*i 39 - Union A Logansport—7s—
65k; 67
U. Pac. South Branch
113
115
...
1128
...
j
—;]
do
do
do
reg., 1st..
cons, coup., 2d.!
cons. reg.. 2d
cons,
]
117
115
do
do
f
...
...
110k;
•
j
j
(Broker*' Quotations.)
RAILROADS.
Atchison A P. Peak—6s, gld
....
123
....
.
91kl 92k
47k! 4/94;
104k 106
94k
2d mortgage, inc., 1911 —
H. A Cent. Mo.. 1st., 1890.
Mobile A Ohio new mtg. 6s.
*N’sh.f’hat.& St.L.1st 7s,1913
IN. Y. Central—6s. 1683
93k
6s. 1887
11149;
6s, real estate
6s. subscription
103
109
...
103k; 105
120
95k! I
107
.
Chic. A East. Ul.-lst ni., 6s
2^1 m/u*tgage, inc., 7s
[Chic. St.P.A M’polis—1st.6s
! I^and trrant income, 6s....
Chic.A Southwest.—7s. guar
104k Cin. Lafayette A Ch.—1st m
Cin.A Spr.—1st, C.C.C.AI.,7s
1st m., g’d L. S. A M. S., 7g
....
i
103"'1044
30694
Bost. A N. Y. Air-L— 1st m.
Metropolit'n Elev-lst.1908; 103k 103*4 Cent* of la.—'1st m., 7s,
gold
Mich. Cent.—Cons., 7s, 1902; 117*4 117k !
2d
1st mort., 8s, 1882, g. f
109 <110 jj stock
Eauipment bonds......... j 107k 107k Chic.ACan.So.-ist m..g.,‘7s
i;Mo.K.A T.—Cons.:—
ass..l'“*'A
904-6
‘ "' * '*“*' ‘ — -
103k! 105*'
112
05
107
35
..
N. Y. C. A Hud.. 1st m., cp.
do
1st m., reg.
Huds. R., 7s, 2d m., s.f.,’85
Canada South., 1st, int. g.
„
124k 126
111
87
123
123
Harlem, 1st
in.. 7s, coup..
do
lstm., 7s, reg
N. Y. Elevated—1st, 7s, 1906
Ohio A Miss.—Consol, s. f’d
|125k
1
| Denver Pac.—1st,7s.ld.gr..g
j
Erie A Pittsburg—1st m.,7s
i
Con. mortgage, 7s
]
—1
j
—Evansv. T.H. A Chic.—7s, g.
Flint A Pere M.—8s, I’d gr’t
i 87k
113% 134
80%
8s
Water works
7s, equipment
Evansv. A Crawfordsv.—7s.
Consolidated
108
106
99
41
7
65
94
58
103
93
308
78
98
106
80
300
103
85
102
Railroad, 6s
.'.
Norfolk—3s
Chari’te Col.A A.—Cons., 7s
2d mortgage, 7s
East Tenn. A Georgia—6s..
E.Tenn.A Va.—6s, end. Tenn
E. Tenn. Va. A Ga.—1st, 7s.
Stock
71
118
Georgia RR.—7s.
idi"!
45
8k!
70
95
63
6s
Stock
Greenville A Col.—7s, 1st
7s,
MemphisA Cha’ston—1st,7s
2d, 7s
1
104k, Mississippi Cent —lstm.,7s
lio"!
85
100
»
104
104
95
105
470
80
95
46
10
94
106
94
72
90
102
48
|
!
!
!
2d mort., 8s
Misg. A Tenn.—1st m„ 8s, A
1st mortgage, 8s, B
N. O. A Jacks.—1st m., 8s...
Certificate, 2d mort., 8s...
Nashville Oiat.A St. L.—7s.
1st, 6s, Tenn. A Pac. Br. ..I
1st, 6s, McM.M.W.AAl.Br.
Norfolk A Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage, 8s
*—
Northeast.. 8. C.—1st m.,8s.
2d mortgage, 8s
Orange A Alex’ar-lsts, 6s..
2ds, 6s
3ds, 8s
113 ij Stock
Lnic.Mir.A St.P.—lst,8s,P.D 4123k;
11
Consolidated*.
2d mort., 7 3-10, P. D
98
}]2%f •-.-IlGalv.Hous.A H.-7s. gld,’71
1-1294i ....j
2d consolidated......
1st m., 7s, t gold, R. D
110%;11094 Grind R.Alnd.-lst,7s.l.g.gu
113ki
1st m.. Springfield div
1st m., La C. Div
—j
64k 65k(i 1st, 7s, Id. gr., not guar...
4ths, 8s
ink ii2k! Pacific Railroads—
1st m., I. A M.;..,
j
j
! 1st, ex land grant. 7s
Rich.A Dan.—1st consol.,Os
ink
Central Pacific—Gold bds.
1st m., I. A D
llOkillOk
Hous.A Gt.N.—Ist.7s.g.l900
Southw.
110
Ga.—Conv., 7s, '86.
San Joaquin Branch....
1st m., H. A D
99k-100 iilndiana Bl, A W.-lst m.;
70
Stock
110
Cal. A Oregon, 1st
101
1st m., C. A M
110194 ! 2d mortgage
60
S. Carolina RR.—1st m., 7s.
112
114
State Aid bonds
tP)6 "j
Con. sinking fund
Incomes.
42
7s, 1902, non-enjoined
110k'
Land grant bonds
I
104
U Stock
2d mortgage
31
West Ala.—1st mort., 8s....
105 j ....
Western Pacific bonds.. 104
1st m„ 7s, I. A D. Ext
;105k
2d
Indianapolis
A
St.L.—1st,
7s
107
73k; 80
mort., 8«, guar
South. Pac. of Cal.—1st m.!
....| ...J'lndianap.A Vine.—lst,7s,gr 101k 105
8-west div., 1st 6s, 1909..
PAST-DtJE COUPONS.
Lnion Pacific—1st mort..
103*4
1st 56, LaC. A Dav., 1910.
109% 110 !iInternational(Tex.i—1st,7s
90
05
Tennesssee
State coupons
Land grants. 7s
.,..113
Chic. A Northw.—Sink, f’d..
;int. H. A Gt. No.-Conv.. 8s| 30
a5
^•uth
Carolina
consol.
Sinking fund
Int. bonds
| lMk; ... Kansas A Nebraska, lstm.) 74
77
106k
Registered. %
j• Virginia coupons
4113k ....!!
do
do
2d ra.i
43
46
*
do
consol, coupons...
Prices nominal.
t And accrued interest.
No price to-day; these are latest quotations made this week.
—
....
.
„
....
.
.
100k
01
95
104
r
72
80
102
100
64
66
112
113
100
42
+112
+99
41
103
110
102
100
107
97
103
55
70
70
70
10
10
10
20
10
10
26
106
60
80
80
40
30
80
SO
28k
31
27
100
V)0
110
104
72
108
74
50
102
30
VM
72
05
70
90
95
100
45
114
103
82
—
58
100
07
78
102
105
110
90
111
107
85
20
20
20
32
15
15
20
55
45
90
90
30
34
30
105
105
100
105
40
111
75
100
77
95
100
101
55
117
^
#
*
*
a
100
|
88
105
1110
(115
04
114
110
106% 106h
....
108
105
106
110
99
96
94*-
112
109
113
96k
07*-
66
67*i
32%
96
103
82
101
56
108
108
33
100
♦ * -
105
60
110
110
....
...»
#
85
90
m.
guar
Macon A Aug.—2d, endors.
■
.
85
81
67
70
98
95
+ 111
7s, gold, 1904
J.A J.
10s, pension, 1894...J.A J.
Virginia—New 10-40s
CITIES.
Atlanta, Ga.—7s....:
Stock
Miscellaneous List.
...
—
67
80
27
80
100
89
f5
30
90
100
N. Carolina.—New 4s
Savannnah—Cons., new, 5s.
RAILROADS.
Ala. AChat.—Rec’rs ctfs.var
Atlantic A Gulf—Consol—
Consol., end. by Bavan’h..
Cent. Georgia—Cons, m., 7s
465
..
sT*
So.Carolina—Con., 6s (good)
88
82
Rejected (best sort)
M.AS. +103** 105*
Texas—6s, 1692
Petersburg—6s
35"
do
do
84k
(Brokers' Quotations.)
STATES.
8s
Richmond—6s
'
—
109 ‘
3d
4th
St.L.l.M.AS.—1st 7.«,prf.int.
! 2d int., 6s. accum'lative
..
....
105
106
9«%i
88
66
..
..
8
85
Southern Securities.
Augusta, Ga.—7s, bonds.
Central of N. J., 1908
Buffalo A Erie, new bds... 115 :n7
Chic. St.L.A N. G..2d m.,1907
Buffalo A State Line, 7s
j ....j’ Leh. A Wilkes B. Coal. 1888
Kal’zoo A W. Pigeon, 1st.
Lake Erie A W’n Inc. 7s.’99
Det.Mon.AT., 1st, 7s,’1906 113k 116 j'Laf. Bl. A Mun. Inc. 7, 1899
Lake Shore Div. bonds...] 113k
Mobile A 0.1st .pref. deben.
••
do
cons, coup., 1st) 120
j
do
2d
do
•
7k
84k
13
75
25,
70
00
86
50
27
87
60
58
80
107
+90
00
104
100
05
..
INCOME BONDS.
..
114
115k
89k Louisv.A Nash.—Cons.m.,7s! 110
111/4
2d mort.. 7s, gold
! 100*4 101*4
I — i Cecilian Branch, 7s
] 100% 101
59%
Nashv. A Decatur, 1st. 7s.! 10494
1
33*4 3394 L. Erie A.West’n 1st6s,1919.i 93*4
118 ;
Laf. Bl n A Mun. 1st 6s,W19i
91*4 92k
Marietta A Cin.—1st mort..'4103 1
....,
'•
1st mort., sterling
j
93
114
St.Joseph A Wcst’n—lstm.
:::: 126
4100k;
75
1
75 ! 76
Spring.V’y W.Works, 1st 6s.
1*2
.
50
65
16
—
..
.
58
63
N. Y. A Osw. Midl’d—1st m.
Rec. certif’s assented
do
not assented.
113k 114
93k, 96
■
;»
,
new
..
*
7s, gold.
Nashvilie^-6s, oVd
..
jllO
Cleve. P’ville A Ash., old. 4102k
40
3994
,
|
.
*
110
,
!*"
•
30
.
86
106
39% Ill.Cent.—Dub.ASiouxC.1st
Dub. A Sioux C., 2d div...
26 ,
Cedar F. A Minn., 1st m.. 4103
35 !
Lake Shore—
I
Mich S. A N. Ind., s. f., 7sJ 108
Cleve. A Tol., sink. fund.. 4109
24
*45
89
89k
.
■
ion
Pur. Com. rec’pts, lst.E.D
125
Charleston, S. C.—Stock, 6s.
do
7s, F. L
1st, W. D. tl20
125
do
Bur. Div.
Columbus, Ga.—7s, bonds..
1st pref. inc. for 2d mort.
!
455"'
Macon—Bonds, 7s
1st me. for consol
57
Memphis—Bonds, C
Wabash RR.—Mtg.7s of ’79.
80
Bonds, A and B
Endorsed M. A C. HR
T.AWab., 1st ext.7s,ex cp
.... 108*4t
1st St. L. div.7s,ex mat.cp. 101% 101k
Compromise
2d mortgage ext., ex coup
96*4) 96k Mobile—5s, coupons on
Equipment bonds, 7s, 1883
30
8s, coupons on
40
Consol, conv. ex coupon
94
I 05
6s, funded
Gt. Western, 1st m., ex ep
108 ]112
Montgomery—New 5s
VpTr Qa
do 2d m..7s,’93,ex cp
95%
O. A ToL, let, 7s, ’90,ex cp. 406
111.A So. Ia., 1st m.7s,ex cp
6s, new
98k
West. Un. Tel.—1900, coup.
New Orleans—Prem., 5s
1900, registered
;110
Consolidated, 6s
90
-
Kong isiunu—isi mortgage.
Montclair A G.L.—1st, 7s, n.
New Jersey So.—1st, 7s, new
jl02
Jll8
.
Consol., 7s, 1910
119"
cp.,7s
do 2d,con..f.cp.,os,6s
103*4 104
20
21*4 Han. A St. Jos.—8s, conv...
Hous.A
Tex. C.—1st, m. l.,7s
61H
4
1st mort., West. Div., 7s..
47
114k
Registered
N. J. Midland—1st,
2d mert
...
....!
101
""
m..
...
1
:i3"!
Long Dock bonds
114k!
-
m.
m..
Cleve.A Pitts., consol., s.f.
195k; Rome Wat. A Og.—Con.
....
63*4; 64
0«, 1917, registered
1st consolidated
2d
3d
.
-
BONDS.
97k;
5s, sinking fund
Keck. A Des M., 1st, g., 5s.
Central of N. J.—1st m., '90.
do
do
do
«mall
"il
.
121
498
Chic. Rk. LA P.—6s, cp.,1917
Pennsylvania RIt—
Pitts. Ft. W. A Chic., 1st
.
*
1st mortgage, 1891
IO6J4* St. L.A Iron Mount’n—1st m
do
extended
4107
2d mortgage
97
98
do
4....
Coup., 7s,94
107*4
Arkansas Br., 1st mort... 102k 103k
do
108
Reg. 7s, ’94.
Cairo A Fulton, 1st mort. 104 |
1st Pa. div., coup., 7s, 1917 109
110
Cairo Ark. A T., 1st mort. 499k! 100
do
4109
reg., 7s. 1917
St.L. K.C A N.—It. E.A R.,7?
....':103
Albany A Susqueh., 1st m. 113
115*
Omaha Div., 1st mort.. 7s 106k
2d mort..
do
107
102
1908
St.Chas.B’dge.lst,
7s,
do
3d mort.. 100
North Missouri, 1st m., 7s 113% 114
do
1st con., guar
St. L. Alton A T. H.-Ist m.
4...
115
Rens.A Saratoga, lst.coup 12i"
2d mortgage, pref
97k
do
1st, reg.
do
income
79
Denv.A R. Grande—1st,1900
97*4
Belleville A So. Ill.. 1st m. 105
Erie—1st mort., extended.. 119%
St. P. A Sioux C. 1st 6s, 1919
96
3d mortgage, 7s, 1883
105k 105k: Tol.Peo.AW.—1st m.,E.D. ’’20
4th mortgage, 7s, 1880 —
101k
1st mortgage, W. I>
4120
5th mortgage, 7s. 1888
Biwlington Div
1st cons, gold 7s, 1920
114* 115k
2d mortgage. 1886
—
Sinking fund
Convertible
411294’115
5
107-4;
1st m.,7s,land gr’t,’80.do
2d mort., ’86
do
Inc. coup. No. 11 on 1916..
Inc. coup. No. 16 on 1916.
Den. Div. 6s ass. cp.ctf...
do
do
....]
5
i
.
lstm.,7s,K.AL.G.D’d, do
•
t
31
..
....
Railroad Bonds.
Stock Exchange Price*.
Balt. Sc O—1st 6s.Prk.b.l9U
Bost. H. St Erie—1st m
1st mort., guar
7s, convertible
Mortgage 7s, 1907
12794.1129 ;J Del.A Hud.Canal—lstm.,’84
Spring Mountain Coal
do
r
....
180"
Mariposa L’d Sc Mining Co.
....
•
4
37
31
25
25
25
75
56
30
6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
1
6s, consol., 2d .series
6s,
deferred
!
;, D. of Columbia—3'65s, 1924.
0
AND
77*.
3
35
Tennessee—6s, old
6s, now
t
6s, new series
Virgina—6s, old
I
....
3k
-1st 111.
20
10
30
50
50
7s of 1888
10
10
4
1st m., Carondelet Br...
South Pac. of Mo.—1st m.
Kansas Pac.-1st m., 6s, ’95, with cp.ctfs
1st m., 6s, '96,
do
1st ra..7s.Leav. br.. do
..
Miscellaneous St’ks.
Adams Express
American Express
United States Express
.■••I
110 -118
105 1109 I
do
2dm....
108
C. C. C. Sc Ind’s—1st, 7s, s. f. 114
...J
Consol, mortgage
4101
...I
C. St.L.A N. 0.“ Ten. lien 7s 105
115
1st con. 7s
10094 102*4:
Del. Lack. A West.—2d m.. 4104 j 104 1
Svr. Bii vh. A N. Y., 1st, 7s 4114
Morris A Essex, 1st m
4121
I
do
2d mort... 4115 ;115*4'
do
bondp, 1900 498
do
construct’n
96*4 100 ;
do
7s of 1871.
110
jllOki
do
1st con.,g’d..
10694; 106k
7094; 71
84
9
Ask
114
Non-fundable
104
110
Income, 7s.
Bid.
April A Oct
Funding act, 1866
Land Com., 1889, J. A J...
do
1889, A.AO...
....
15
15
3
STOCKS
i
26
84
class 3
Pacino lilt, ot .Mu.
2d mortgage
I
104%;
be.
par may
Securities.
26"
25
104
104
6s, 1886
j
j
prer..
Terre Haute & Indianapolis
Toledo Peoria Sc Warsaw..
United N. J. RR. & Canal
do
....j
22%' 25
104
25"
Ohio—6s, 1881
...
pref.
St. Paul A Sioux City
Peninsula, 1st m., conv...
Chic. Sc Milwaukee, 1st m.
Winona A St. P., 1st m
>2 J
<
.
do
105*4
104 i
106 >4
104
104 |
Ask.!
....
A.A O
coup, off, J. AJ.
coup, off, A.& O.
MISCELLANEOUS
Iowa Midland, 1st m., 8s..
Galena A Chicago, exten.
62
25J
114
I
Chic. St. Louis Sc N. O
Clev. & Pittsburg, guar —
Dubuque Sc Sioux City....
Harlem
Houston Sc Texas Central
Ind. Cin. Sc Laf
Keokuk A Des Moines.—
do
do
pref.
Lake Erie Sc Western
Laf. Bloom. A Muncie
Long Island
AND
t
I
Registered gold bonds. ..4113%;115k
Sinking fund
ioo%
....
....
Boston Sc N. Y. Air L., pref.!
Burl. Cedar Kapids Sc No.. .j
Cedar Falls Sc Minnesota...
Cheiapeake Sc Ohio
j
do
do
1887..
104^j
10414;
105
value, whatever the
Rhode Island—6s,coup.’93- 9
South Carolina—6s
do
1868
New bonds, J. & J
do
A.AO
Chatham Kit
Special tax, class 1
do
class 2
J
;Chic. Sc Aortiiw., cons. uus.. 11 i
i
Extension bonds
.4103 | —
1st mortgage
i 108 TO8J4
Coupon
gold
bonds
|i
j 11494 115*4
(Actice preciously quoted.) j
Albany Sc Susquehanna
i
uo
44>I
102
YORK.
per cent
Bid.
Funding act, 1866
Missouri—Gs. due 1882 or ’83
6s, due 1886
6s, due 1887
106%
6s, due 1888
100 '
6s, due 1889 or ’90
10.iK>
'i 110% ! Asylum or Univ., due ’92.1
109
Funding, 1894-95
j
no
Hannibal A St. Jo., 1886..
lO0
Railroad Stocks,
44
do
do
do
Michigan—Os, 1883
ii 7s, 1890
9
8ECUHITIES.
6s, gold, coup., 1887
6s, loan, 1886
6s, do 1891/:.....
6s, do 1892
6s, do 1893
North Carolina—6s, old.J&J
6s, old, A.A O
No. Car. lilt., J. A J
6s, new
6s, new floating debt
7s, penitentiary
6s, levee
8s, do
8s, do of 1875....
8s’ Montg. & Eufaula Kit.
NEW
Prices represent the
Ask.
100
100
Kentucky—Gs.
IN
BONDS.
Louisiana—6s
18-SS
do
Bid.
SECURITIES.
Illinois—War loan
8s, 1886
BONDS
[VOL. XIIX.
10
40
20
82
25
84
r
November 15,
THE CHRONICLE.
1879.]
NEW YORK
Capital.
SECURITIES.
Stock Lint.
Bank
COMPAN’IB'*.
LOCAL
Insurance Stock List.
Prtok.
Dividends.
Surplus
[Quotations by K. 8. Bailey. Broker.7 Pine street.]
Net
latest
dates. §
it
I
*
\mount
Capital.
Period
1877. 1878.
Bid. Ask.
Last Paid.
America*
3,000,000 1,287,400
J. & .J.
Exchange 100 5,OIK),000 1,323 bOO
100
250,000 124,400
25 1,000,000 1,101,300
Broadway
2)
20,400
BOO,000
Butchers'& Dr.
Am.
Bowery
100
1(M)
Central
Chape
336 00
2,000,000
450, IKM)
141,000
300,000 3,251 700
159.000
000,000
10011,000,000 1.483 2.J0
100 5.000,000 2.604,100
City
....
July,
Continental,... KM)'1,000,000
Corn Exch’ge*. 100 1,000,000
25
250,000
East River....
11th Ward*....
1(M)
Fifth
Fifth Avenue*. KM)
100
First
100
Fourth
00
Fulton
50
Gallatin
German Aj-n.*
German Exch.* 100
1100
Germania*...
July,
Nov.,
July,
.
127.LOO .1. & J.
7 200; J &J.
Island City*...
100,(KM)
100'
432.400
Leather Manuf.
600,000
J. & .).
Manhattan*..
50 2,050,000 1,015 900'F. & A
Manuf. & Mer.* 20
100,000
moo; j.& j.
Marine
100
400,000 100.800 J. & J.
Market
UK)
500,000 274 800 .J.&J.
9 0 000 J.&J.
Mechanics’
25 2,000,001)
Mech. As3oc’n. £0
500,000
Mech’ics & Tr. 251 300,(MM)
*7,9oojM.«N •
Mercantile
10011,000,000 220,90)1 M.&N.
Merchants’.
50 2,000,000
671,lOO!J. & J.
Merchants’ Ex. 5011,000,000
153.700.J.
rA
•
56
100
4oo I J.&J.
Metropolis*.
300,000
Metropolitan.. 100 3,000,000 792,0{i0 J.A J.
Murray liill*
100
75,6ro
100,000
Nassau*
100 1,000,000
58.800 m’.&n!
New Yen100 2,000,000
689.900 J.&J.
N. Y. Countv.. 100
06/09 J. & J.
200,000
N. Y. N. Exch. 100) 300,000
77.900 F. & A.
Ninth
78,5u0 J.&J.
100) 750,000
No. America*.. 70
700,000 105.500 J.&J.
North River*.
77.9. 0 J.&J.
30
240,000
Oriental*
25
300,000 107,700 f.&J.
! Atju.
duly,
duly
Ju,y
July, *79
Nov, ’79
Oct., ’79
0
214.300
People’s*
25
Phentx...
Produce*.....;.
Republic
20,1.000.000
50|
125,0C0
100 1,500,000
St. Nicholas.... 100!
£00,000
Seventh Ward. 100, 300,000
Second
100' 300,000
Rlioe & Leather 100 500,000
Sixth
100' 200,000
State of N. Y.. 100
800,000
Third
100 1,000,000,
Tradesmen’s... 40 1,000,0001
cnion....
50 1,200,000
West Side*
1100 200,000
10
12
"
0
%
,
Aug. ’70.
July, ’78.
July, ’79.
July,’79.
July. 79.
Nov, ’79.
Jan., ’78.
8
j^ov, ’79.
120
3,4 '117
Germania.
Globe..
.
Hamilton
Hanover
..
...
Home
3
Howard....
am
4
2
2?
Var.
20
Var.
1,C00
315,000 A.& O.
50 1,850 006 F.&A.
20
750,0d| J.&J.
50 4,000,00
f.&J.
100 12,500,04
M.& 8
V r.
M.&S
jl,000,000
bonds
do
Harlem
Jersey City & Hoboken
Manhattan
Metropolitan
do
*
certificates
do
bonds
do
25
Va
100
10
scrip
New York
700,000 M.&N.
4,IKK), 000 M.&N.
.
People’s (Brooklyn)
do
do
bonds
do
do
certificates.
Central of New York
Williamsburg
11,000,000
1,000
Var.
/. & J.
300,OIK) M.&N.
300, IKK) J. & J.
50
400,000 F.& A.
50 11,000,000* Quar.
Var. j 1,000,000) J.&J.
100 11,000,000 M.&N.
100 ! 1,500,0001
! 750 000! M. &>:.
scrip
Metropolitan, Brooklyn
Municipal
do
1,000,000 F.& A.
1,000,000 Var
1,000
Nassau. Brooklyn
do
! 5,000,000 Quar.
100
Mutual, N. Y
2,000,000
1,200,000
.
.
.
Jefferson..,
75
.
134
Lamar.. ..
Lenox....
Long Isl.d
)
LorlTlard
.
85
100
Manhattan.... 100
»’ 25
) 50
50
Mercantile..
Merchants’
50
Montauk IBt ) 50
Nassau (Bklj ) 50
National....
3714
e
35
B 100
i 100
.
.
.
Niagara.
25
25
!
bonis
’79 135
140
3
July, *70
am not, 7**
4
Vay, ’79
3Hijan..
’76
7 | 1S97
3J* July, ’79
3
2
|Aue., ’70
’70
’70
’70
Ju* e, ’70
1888
July,
3^ July,
May,
Is*
6
50
10»
63
95
80
28
90
95
50
75
90
80
150
106
Broadway A Seventh Ave—»tk..
1st mortgage
000,000’J.
& J.i
094,000!j- & J.i
100
1,000
100 2,100,000 Q-J.
1,000 11,500,000! J.&U.
10
Brooklyn City—slock
300,000 M.&N
200,000 Q—J.
400,000 A.&O.
300.000 J.&J.
500,000
1,800,000 J.*& j'
Broadway (.Brooklyn)—stock..
Brooklyn A Hunter's Pt—stock.
1st mortgage bonds
1,000
100
Bushioick Av. (ffklyn)—stock..
100
100
central Fk„ N.A E. River—etk.
Consolidated mortgage bonus
100
1,000 1,200,000 J.&D.
100 j1,200,000 Q-F.
Dry Dock, E. B. ABattery—slk
1st mortgage, cons’d
500&C
900,000, J &D
100 1,000,000* Q—J.
Eighth Avenue—stock
1
1st
...
1st mortgage......
Second Avenue—stock.
2d mortgage...
Cobs. Convert! jle
Extension
Iixih Avenue- stock
1st mortgage
v
third Avenue— stockl
1st mortgage
I •rttnU/->Mr& Street—slock
1st mortgage
*
rr»i* coinmn sh«*w« istst
t Also 6 per cent ex ra.
203,000 J. &
1,000
mortgage
id8t. A Grand St terry—stock
1st mortgage
Central Cross ’town- stock.
1st mortgage
Houston, West iA.APavJ*y—%lk
1
7
m Oct
87*
155
110
100
Aug, 79140
Nov., ’80 102
lu».e, ’93 105
July, '*9 125
uividena
ou
250.000 M.A V.
stocks, b-**.
22m
99
10
87
July, ’04
Apr., 78 34
Apr , ’85 95
,
1.000
110
Jao.. ’84 100
Ncv. ’79 150
Apr., ’93 HO
NOV.1904
^May, ’88
teept..’83
80
75
85
‘May, ’77
July.
By. ’90;
’00; 105
AUg., 79)125
fmy. *90 j 101
Aug. *79100
i M»v f 98 1*3
*...c uov*. vi
^
**31,194110
503,802
2404)35 80
179,80320
38,280ho
153,269 20
98,51l!20
165,652 25
104.095 10
304,300 20
133,855 20
21,120
22,054
454,28 i
114,970
400,203
102,040
198,087
104,055
497,251
46,949
24,638
260,000
193,078
200,000
250,000
%,i oonas.
11
110,904114
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
800.000
500.000
350,000
200,000
200,000
200,000
300,000
200,000
200,000
300,000
250,000
aoo/'oo
23,325
100 272
•July.
10
20
20
20
20
10-72
12
A'.g.
Ju y,
Ju y.
Aug.
,ZS- £
N’ne duly,
79. 5
%
’70.0-81
’79. 5
11
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
10*
10
12
30
20
20
20
20
12
11
20
20
20
18
duly,
duly
Ju'y
July,
10
22
10
30
7
17 m
,
Jn y.
•Ju y,
<11 y.
July.
iKT
Ju y.
10
duly,
duly,
dan.,
Jan.,
10
10
10
10
10
10
20
5
10
10
10
10
10
12
10
20
20
10
Ju y,
5
5
7
5
7
5
,10
403,302120
10
10
20
10
12
10
20
100
107
125
115
03
45
100
130
140
175*
70
125
100
87
80
124
55
07
100
160
56
duly. ’79 0
120
95
80
120
05
131
109
155
fa.,
.
’79. 5
’79. 5
Jaly, ’79. 5
Juiy '79. 5
dsn., ’79. 5
July. ’79. 6
July, T9. 5
July, T0.1O
Ju'y, ’79.10
July, ’70. 5
July, ‘79. 5
duly, ’79. 5
Juy, 79.10
duly, *79. 5
July, *79. 5
Ju y,
20
10
20
14
N’ne
N’ne
11
10
80
12
20
12
14
200
105
’79.10
July,
10
12
io2*
55
120
120
150
6
’70.15
’79. 5
'70. 5
’79. 3>*
*9. 5
’79. 5
105
70
189
70
140
105
170
85
180
105
109
105
125
100
100
115
00
50
123
*
AU*
'do*
180
105
90
130
105
75
120
115
70. 6
Jan., ’79. 5
July. ’79. 6
OctV, ’79. 4
duly, ’70.10
July, ’79. 0
Ju'y, ’79.10
Juy, ’79. 6
July, ’79. 6
70
00
100
110
195
108
180
lltf
200
115
115
100
iS* .S*
10
10
20
£0
112
104
120
130
167
107
250
05
7Q
15
N’ne dsn. 77. 8y
10
July. ’79. 5
10
10
5
(oly. ’79. 3*
13
12
10
Juy, ’79. 5
25
20
20
JulK, ’79.10
10
15*4 10
Jolv, ’79 S
9
10
10
Aug. 79 5
11*56 12'35 0-23 Ji ly, ’70. zm
10
20
25
10
105
120
duly, ]7». S'm 60
125
Sept. 79 5
20
17*
200
107
170
07
’77. 5
’77.
'7y.
’74.
’79.
'79.
’7y.
’79.
’70.
’70.
70'
200“
185
180
170
185
110
115
,“9. 8
’79.10
’79.10
’79.10
iod-
50
,77. 4
duly. ’70. 5
N’ne July,
65
125
July. 78. 5
June. 79.10
’?0. 5
Aug! ’79. 5
79. 7m
’74. 3*
10
30
20
40
10
20
10
10
10
10
12
40
55
/
,79. 8*
Jnly.
18
dan..
12-50 13 40 Juy,
20
Oct.,
10
14
du.y,
10
15
15
15
duly,
10
12
Juiy,
io’
148,074 15
34,810
Bid. Ask
|78. 5
July,
Ja y.
N’m Jan.,
17*
18
5
J5
Paicnt.
Last Paid,
90
65
100
150
100
70
120
ids
•
••
0
120
July, ’79. t
Au<. ’79. 8m 70
Ju y, ’79. 5
115
Ju'y, 79. 5
127
110
J11 v,
Aug
100
122
’79. 5
70. 5
80
ld{j
193
July, 70.10
Over all liabilities. Including reinsurance, capital and tcrlp.
t Inclusive 0
Flgu ej with a minus sign (—) indicate extent of impairment.
scrip.
City Securities.
[Quotations by Dahtiel A. Mobav, Broker, 27 P ne Street.]
Paioa.
isTTEaesr.
Bonds
Rate.
York:
Water stock
1841-48.
Croton water stock. .1845-51.
do
do
mi-40.
Croton Aqned’ctstock. 1S65
do
pipes and mains...
10
reservoir bonds
j
Central Pai k bonds.. 1S53-5';.!
do
UO
..RJ53-0S.I
Dock bonds
1FIU j
do
I*i5 i
18&7-6S
Market stock
lmpr ivement stock.... 190#
do
(.0
...Iau9
Months Payable.
Bid
due.
Ysk.
St to
..
•
Consolidated bonds
var
Street Imp. stock
var.
do
do
var.
New Consolidated
Westchester County.......
Cons< 11 atci
Asset mejt
100
1880
1890
104
1883-1800 1C4
6
1884-1911 100
6
1884-1900 110
7
May & November.
6
Feb., May, Au>r.& h ov. 1907-1911 1 (Ji
do
Fo
1898
108
5
1895
K’8
do
do
0
1901
123
7
May & Novemt er.
1898
107
6
1894-1897 118
Mav & November.
7
1889
107
do
do
0
1879-1890 102
do
7
do
1!3
1901
a g.
do
do
1888
0 "
do
do
102H
102
1879-1882
7
do
do
113
1896
January & Jnly.
118
1894
do
7
do
1020
105
*
Qua”t"rly.
102
1854
5
Msy & Novem v r.
5
5
Feb., May Ang.&Nov.
do
do
do
do
do
do
101
105
107
J12
!#*
112
109
!09
128
109
119
118
110
115
106
105
U5
119
100
103
[Quotations by N. T. Beers, Jr., Broker, 1 New st.]
52*
100
Nov. ’7«i 08
j.
(300,000!
1,000
200,000 M.&N.
100
250,0001
500
500,000' J. & J
100 !1,199,500 ~
"
1,000
150,000
1.000 1,050,000 M.&N.
£00&c.
200,000 A.& <*.
J00 1 750,000 M.&N.
1,000
415,000 f.&J.
100 2,000,000 Q-F.
1,000 ?,000,000 f. & J.
100
600,000 1 & i.
85
03
2m July. *79] 50
Dec, 1902 99
200,704 20
200,000
.
O t , ’79*1>7H 150
Air.. 79
100
100
1888
102
85
92m
230,000! A.&O.
1,000
70
12
j Ju y, ’84 101
748,000 MAN.
100
.
569 10
57
104
70
100
80
81
100
05
60
80
95
*
H Ju y, *79
J'ly.1900
12,000,000 Q—F.
1,000
1st mortgage
!
7
298,201
197,692
493,♦'HI
163,191
94,260 12
86,070 12
25
Standard
50
Star
100
100
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
Westchester... 10
Wllliamsb'g C. 00
*
3J8.757
8
10
20
20
20
20
20
20
10
25
11-45
30
14
20
15
15
10
12
1 £0.000
200.000
St. Nicholas...,
,
600,IKK)
200,OIK)
200,(MK)
.100
Safeguard
101
[Quotations by H. L. Gbaxt, Broker, 145 Broadway.]
Bleecker St. A Fulton* erry—^Vi..
1st mortgage
50
.
50
Phenfx
Produce Exch. 100
50
Relief
190
Republic
100
Ridgewood....,
130
70
105
45
145
150
12)
,
150,000
150,000
1.000,000
200,000
200,000
300,000
20
People’s..
Bid. Ask.
......
200 000
Park
4
_
1882
100
50
Pacific
hm
14
10
200,000
800,000
.
I*
Ju.y, ’79
..
100
25
50
25
.
.
105
110
Aug,
3141A ug . ’79 93
1&
56
.
3
4
4
3
e,
)
7
100
J 1898
Feb., ’78 37
jm July,
Ju
40
132
97*
Nov. ’70 130
2m July, ’70 08
5
5
r
5
15
15
10
4
10
20
20
7,453! IQ
200,010 +288,638 10
150,000 188,040 20
3,420 10
280.IKK)
150,000 143,113 20
03,141 10
200,000
35,537 10
150,000
20
l)
114
l*
50
100
30
..
Irving
3
f*
50
.
2m
5
7
3
15
50
50
100
25
..
115
[134
[Gas Quotations by George H. Prentiss, Broker, 24 Broad Street. 1
Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
100
..
Hope
#
25
..
..
3^
July,’70. 0
Amount. Period.
100
100
50
50
..
5 The figures in this column are of date Oct. 2, 1879, for the National banks, and
of date fcept 13 for the State banks.
Gas and City Railroad Stocks and Bonds*
Par.
..
..
Greenwich...
Guardian....
7
4
3
4
Date.
30
50
17
10
10
..
10
250,000 145,144
-1,422
300,000
200,000
100,780
1,000,000 1,010,755
800,000 531.070
200,IKK)
80,008
200,010
105,240
200,000 135.8S2
68,253
204,000
150,000
73,073
150,000
147,083
200,000
1,000,000 822,547 10
500,000 703,101 30
200,000 1/24,936 20
200,000 339,029 40
200,000
28,078! id
150,000 127,094 20
500,000 639,500 10
56,883 10
200,000
3,000,IKK) 1,179,594 10
100
..
r.
Rutgers'
Gas Companies.
..
..
7% July, ’79. 8«
10
..
200,000
200,000
210,000
50
100
40
p
duly, ’74. 3*
Au/. *79.
..
..
..
...
•I'ly, ’79. 3
July, ’79.
’79.
..
Firemen’s
Firemen's FuiId
Firemen’s Tr
*4*
F.&A.
J.A J.
J.&J.
J.&J.
J.&J.
M.&N.
J.&J.
J. & J.
M.&N.
J. & J.
101.7C0
Farragut
P
,
Clinton
Columbia
Commercial
Continental..
105hit
jduiy, ’79. 6
!Nov. '79.
132
July, ’79.
July, ’79. 4
Ai g '79.
Ju y, ’79.
93
July, ’77.
July, ’79.
duly, *79.
Nov, 79. 2%
Jan
.
..
500
T*
F.*& A.
74,000
172.800
46.300
244.300
52.300
266 200
685.010
5
’79. 3
79. 3
’77. 3
City
Eagle
Empire City..
Exchange
•f*
isb*
2
’79
..
..
...
.
...
J.&J.
I. & J.
J. & J.
53.300
140
0J-6 Juiy, ’79 am 128
iJow, ’79. 2m 73
July, ’79. 3 m
10 'Ju y, ’79. 4
iSl
Q-F.
253.900
120,000
174.100
5J.100
374.100
117.300
412,500
134
100
...
.
422,700
100 2,000,000
3
May
dan.,
July, 79.
••u'y, '79.
July, 79.
dan., 78.
July, 79.
Aug. 79.
July, ’79.
July, ’79.
Ju y, '79.
■Ju'y, ’79.
Nov, ’79.
July, ’79.
May, ’79.
6
,
50
X\i
Ml!
N<>v
Brooklyn.....
Citizens’.
5
3U
3
3
May
..
1870. 1877. 1878.
200,000
200,000
300,000
200,000
153,000
300,000
50
25
25
17
20
70
100
30
..
Broadway...,
LlOO
79 5
Oct.,
..
Pacific*
Park
70.
’79.
’SO.
’76.
’79.
j-Ju.y,
.
...
Atlantic
Bowery
3
79.15
’79. 3
*:». 5
79. 4
Nov.
Kl-m’ly
500,000
50
fO
..
.
Amity
101
Amount
4,877 10
-10,044 25
400,IKK) +460,194 15
200,000
68,826 10
100
..
ih 100
Ji-ly. ’79!
J.&J.
...
Irving
|79.
Sept.
100,000
150,000
l.iO 7 0
100,000
500, IKK) 3.958,500 Q-J.
3,200,000 928,200 /. & J.
000,000 406,100 Vl.&N.
1,000,000 670,7t)0 \.& O.
51 100 ?.& A.
750,000
53.500 May.
20Q.IKKJ
54,1(10
200,000
17.80)1 \i.&N.
Greenwich*.
j 25 200,000
S HO 225,IKK)
Grocers*
23,700 J. & J.
100 1,000.000
1*3.3 4)1 J. & J.
Hanover
Imp.& Traders’ lOOl 1,500,000 1,785.200 J. & J.
25
Adriatic..
-A£tna.
American.
duiy,
J. <fe J
M.&N.
f.& J.
142,000 r. & j.
791.600 F.& A.
do 000 I. & J.
11 ,N0() f. & J.
40.500 r. & J.
_
Commerce
M.&N.
1. & J.
I.&J.
•J. & J.
J. & J.
41,200
300,000
2.'>
100
25
Chatham
Chemical
Citizens’
i
July, '79. 3J*j
Nov, ’79. 3
111
’79. 5
Ju y,
8 105
•July,
Dividends.
Surplus,
Companies.
Par
100
509
Brooklyn—Locai JUn ir’em’i—
7
7
City bonds
do
Pork bonds
Water loan bonds....
....
..
7
Bridge bonds...
wsier loan
city oonas
.
Kings Co. bonds
6
do
do
Park bonds
..
Bridge
•Ail
7
7
0
0
7
Ja loan* & July,
io
do
io
do
do
do
do
do
do
ao"
do
do
May & November.
do
do
January & Jnly.
do
do
Brooklyn bonds flat.
.
1
1881-1895* 102
1015-1924 123
1000-19*4 120
1904 1912(120
1899-1905)110
Watei loan .long
do
..1802-71
Sewerage bonds
'860-44.
At cessment bonds... iFJ9-71.
Imp:ovement bonds
icpen bones .......I8ca-s*
January & July.
January & Juiy.
do
do
Jan., May, July & *ov.
J. & J. and J & D.
and U >f
!03
111
m
124
125
113
1881-1895 .02* 111
100
1860-1983) K»8
107
1880-1H85<10!
113
1024
,109
113
1907-1910) Of
!
[Quotations by C. Zabbiskie. 41 Montgomery St., jersey
ersty <
•
1810-188O; 101
City.]
1895
96
1899 1902 100
1878-1879 95
Ib78-IB79 95
189.-94
95
1900
I 95
97
lit
9T
97
97
97
m
™
•
$
510
THE CHRONICLE.
Jmxcstnucuts
AND
£>
STATE, CITY AND CORPORATION FINANCES.
«
The Investors’ Supplement is
published on Hie last Saturday
of each month, and furnished to all
regular subscribers of the
Chronicle.
No
single copies of the Supplement are sold at the
sufficient number is printed to
supply regular
subscribers. One number of the
Supplement, however, is bound
up with The Financial Review (Annual), and can be
purchased
in that shape.
office,
as
only
a
ANNUAL
REPORTS.
!
Connecticut River.
{For the year ending September 30,
1879.)
From the report to the Massachusetts
State Commission
the statistics of this road for the
year ending Sept. 30.
The operations for the
year embraced the following:
lave
1878-9.
Passengers carried
Tonnage mileage
The earnings for the
year were
{For the half-year ending June 30, 1879
)
The following is the report of the
directors for the half-year
ending June 30 :
Passenger
Juiie, 1879.
gross receipts upon the whole under¬
taking, including the Buffalo and Champlain
lines, nave been
£832,369
Less discount on American
June, 1878.
£883,807
2,804
£832,809
Deduct working expenses at rate of
76*17 per
cent, against 75*73 for June half of 1878
£881,003
634,423
667,253
£198,446
12,980
£213,750
£211,426
$213,750
on
International Bridge capital.
Less interest, and postal and
retired during half-year
military bonds
Leaving
438
540
£210,988
£213,210
Receipts of 1879 applicable to the following payments, viz.:
Interest, Ac.,
paid on lands
Interest British American Land Co.
debentures...
Interest Montreal Seminary debentures
Interest Island Pond debentures
Deduct interest on loans, Ac
Atlantic & St. Lawrence lease
Lewiston & Auburu Railway rent
Detroit line lease
Montreal & Champlain bond interest
Buffalo & Lake Huron rent
First equipment bond interest
Second equipment bond interest
Five per cent perpetual debenture stock
Showing
a
£2,930
616
616
527—
£52,545
1,849
The amount
109,174
67,492
95,152
327
£210,988
the December
(1878) half-
year was £17,390, out of which a dividend on the first
prefer¬
ence stock at the rate of 1
per cent per annum was paid on the
1st March last,
absorbing £16,075, leaving £1,315,
to the present balance of
£327, makes a total of
carried to the account of the
disposition of
net
Net earnings
Rent of Ashuelot Railroad
Interest
Charged to profit and loss
Dividends, 8 per cent
earnings
which, added
£1,642 to be
current,; half-year. The gross
less than in 1878 by £48,134, or
29,588
$605,436
385,633
$225,994
was as follows :
$219,803
12,204
16
168,000—
Balance, surplus for the
year
New York New Haven & Hartford.
{For the year ending September 30, 1879.)
From the Massachusetts State
report we have the
figures for the year ending September 30:
GENERAL
.$12,889,584
account...
Other ' permanent
vestments
Other assets
in¬
2,154,454
688,962
1,632,476
$17,890,014
Capital stock
Profit and loss balance
Total liabilities...
2,130,297
.$17,890,014
ANALYSIS OF EARNINGS.
and Irom other roads)
Express and extra bag¬
gage
Mails
Total from passenger
department
Local freight
...,
Through freight (to A
from other roads)....
Other freight sources..
Total from freight dep’t
Total transport.eam’gs
194,142
$31,852
following
EXHIBIT FOR THE YEAR.
Total income
.$3,933,595
Total expenses (includ¬
.
ing taxes)
Net income
Interest accrued
during
2,241,935
1,691,659
year
130,000
Dividends declared (10
per cent)
1,550,000
$15,500,000 Surplus
From local passengers.
Through passengers (to
$225,994
$13,922
LIABILITIES.
8,530
35,000£12,660
15,000
£210,661
brought forward from
earnings
Total assets
11,250
283,056
401,168
Equipment
£6,335
1877-8.
$292,792
$627,102
Expenses
Construction account.
£6,863
322,900
7,117,626
313,211
13,862
.-.
ASSETS.
2,700
balance of
r
4!
The
9,754,529
$300,089
sources
Net
946,900
follows:
Total
currency
Add interest
Other
as
we
1877-8.
998,046
10,522,966
393,132
8,933,116
1878-9.
Freight
The
f
able on the debenture stock.” A list is
given of the preferential
securities so redeemed,
or exchanged, the interest
purchased,
or annual income of
which (£87,229) has become
applicable in
aid of the interest
payable on the debenture stock. This
income amounts to
nearly two-thirds of the interest payable on
ffie debenture stock issued
up to the 30th June last.
Passenger mileage...
Tons freight can fed
Grand Trunk of Canada.
•
{Vol. XXIX.
$1,368,240
774,011
for year
11,659
Surplus September 30,
1879..
2,130,297
-
Taxes
ANALYSIS OF EXPENSES.
Salaries, office expenses
and miscellaneous
Insurance
174,584
103,644
Telegraph
2,420,481
587,399
New ties..
expenses
97,136
3,786
Repairs of buildings....
Repairs of locomotives.
Fuel, locomotive
47,045
4,338
2,420
Repairs of road
Steel rails
884,438
20,422
1,492,261
3,912,742
20,852
$221,020
power
43,732
48,156
80,918
224,968
receipts for the half-year were
Total expenses (with
5‘46 per cent. The
many other minor
working expenses, including renewals, Iuc. from other sources
items)
amounted to £634,423, or 76*17
$2,241,935
per cent, against a total
charge
of £667,252, or 75*73
Total income from
per cent, in 1878, showing a decrease of
all sources
$3,933,595
£32,829, or 4*92 per cent, against the above decrease in
the
MILEAGE, TRAFFIC, <fcC.
receipts of 5*46 per cent. The passenger receipts decreased
Season ticket
passeng’s 1,044,784 Through passeng’rs car¬
by Local passengers
£3,636, or 1*54 per cent, and the number of
(in¬
ried one mile
30,532,936
journeys
cluding season)
2,101,739 Tons local freight
by 30,734. or 3*50per cent, as compared with passenger
1878. The receipts Through passengers...
454,700
459,400 Tons through freight...
from freight traffic decreased
754,930
Total passengers
£34,494,
or 5*77 per cent,
3,587,899
Total
tons
though
the toanage was increased
freight
1,209,630
passengers car¬
by 63,793 tons, or 5*95 per cent. The Local
Local freight mileage..
14,578,611
ried one mile
total number of
72,580,507
passengers was 845,627, against 876,361; and
Through freight “
48,608,868
the quantity of freight was
1,224,838 tons, against 1,156,045 tons.
The average receipts
GENERAL
INVESTMENT NEWS.
per passenger was 5s. 6d., against 5s.
4^d.,
and per ton of freight 9s.
2^d., against 10s. 43^d. The charges
Baltimore & Ohio
for maintenance and renewals of
road and rolling stock com¬ the New York Stock Railroad.—There have been placed on
Exchange list the first mortgage bonds on
pare with 1878 as follows :
the Parkersburg branch,
Expended on—
extending from Parkersburg to Graf¬
1879.
1878.
Way, stations and buildings
ton, W. Va., 104 miles. The bonds bear interest at the rate
£78,597
£88,745
of
Engines, workshops, Ac
6 per cent per annum, are
62,855
68,784
payable in 1919, and their author¬
Cars
73,410
78,164 ized issue is $3,000,000.
The mortgage under which
they are
Total
issued is the first
mortgage on the road, except a mortgage
£214,862
£235,693
previously executed by the Northwestern Virginia Railroad
Of gross receipts per cent
25*80
26*75
Company in 1855 (and of the bonds secured by the latter mort¬
The total charges for maintenance and
renewals were thus gage only $140,000 remain unpaid), the payment of which has
reduced by £20,831, and the
proportion of maintenance and been assumed and guaranteed by the Baltimore & Ohio Rail¬
renewals to gross
receipts by 0*95 per cent. The expenditure road Company.
for fuel, wages, and other
charges for working the railway, was
Boston Land Company.—The
decreased by £11,998.
capital stock of 80,000 shares
of the par value of $10 each, or
The proportion of the
has been placed on
$8,000,000,
working expenses (excluding main¬ the New York Stock Exchange list. The assets of
tenance and
the company
renewals) to the gross receipts increased from 48*98 are : Mortgages, loans, and cash on
to 50*37, or 1*39 per
January
1,1879,
$89,085;
cent., although there was a decrease in
Revere Beach Railroad stock, wharf in East
Boston, valued at
expenditure of £11,998, owing to the diminution of the the
gross $17,090; land in East Boston and Revere, about 800 acres, unin¬
receipts; but the total working expenses,
cumbered, estimated at $2,090,880; total, $2,197,055. There are
including expenditure no
for maintenance and renewal of
road and rolling-stock,
debts.
was
only increased in the proportion of 0*44 per cent. The
amount
Central Pacific.—This
charged against capital account during the
company has made a cash payment to
half-year was the United States Treasury of $220,520,which
£35,679, but the nominal capital has been decreased
by £20,804. credits for Government transportation, is payment, with their
During the half-year, debenture stock for £22,896 was
$536,291, or 25 per
issued to cent of the net
redeem the
earnings of the subsidized portions of the lines.
remaining postal and military service bonds—
—Auditor French
amounting to £43,200. The whole of these bonds have now
says no further action will be taken on the
suits for forfeiture which were
been exchanged or redeemed
instituted by the Government
by the issue of debenture stock against the Central Pacific
and, in accordance with the provisions of the
Railway
Company. He has made a
Debenture Stock demand upon the
Act, 1874, “ the interest or annual income
company for $600,000, which he claims in
which would other¬ settlement of an
wise have been or become
alleged requirement of the original Pacific
payable in respect of such preferential Railroad acts for the
charge shall thenceforth be applied in aid of the interest
payment of 5 per cent of the net earnings
pay- prior to June 30,1878.
..
November 15,
511
THE CHRONICLE
1879,1
Chicago Milwaukee & St. Paul.—The New York Stock of the new corporation $4,000 per mile of its road-bed. The
Exchange has admitted to its list the first mortgage 6 per cent original cost of this portion of the road was $840,000 to the old
Lacrosse & Davenport division
bonds, to the amount of company. There were first mortgage bonds issued to the
$3,000,000, payable in 1919. These bonds are issued to the amount of $500,000, but they have been taken up and replaced
extent of $1,750,000 for the purchase of the bonds of the by first mortgage income bonds. It is estimated that it will
Davenport & Northwestern Railway Company, the remainder cost over $5,000,000 to complete the road from Haverstraw to
being reserved for the purpose of building further extensions Albany. The officers of the company are negotiating for the
sale of mortgage bonds to that amount.”
of the line of that company. The road extends from Daven
Lake Erie & Western—Lafayette Bloomington & Mancie*
port to Fayette, a distance of 129 miles, and has a branch of 32
miles extending from Eldridge to Maquokita, Iowa. This roac
—The following circular has been issued in reference to the
and branch have passed under the control of the Chicago Mil
proposed consolidation of these roads:
waukee & St. Paul
Company.
Office of the Lake Erie <fc Western Railway
Denver South Park & Pacific.-—The gross earnings of this
road for the month of October amounted to $132,185 from the
The total earnings for the five
commencing June 1, amount to
$447,295, being at the rate of over $600,000 per annum of net
earnings from which to provide the annual interest charge on
operation of 116 miles of road.
months of the fiscal year,
116 miles of $97,440.
We extract the following
from
dated October 30th
a
circular of the
company
The Denver South Park & Pacific Railroad is now completed to WestoD
hundred and seven miles west of Denver, and offers the shortest and
most direct route in connection with Wall & Witter’s triple daily line of
six-horse Concord Coaches to Leadville, Oro City, Fairplay, Alma, Dud¬
one
ley, Montgomery, Mosquito, Hamilton, St. John, Montezuma, Breckenriage, Hall’s Valley, Morrison, and all points in the South Park, Summit
County, Gunnison Valley, and Southwestern Colorado. The road is being
rapidly pushed through the South Park to Leadviile, Fairplay, and the
Gunnison Valley;—mining camps that are attracting the attention of an
immense number of people. It is estimated that there are now upwards
of fifty thousand people in their
vicinity, attracted by the rich discov¬
eries. At present there are only five miles of staging to Fairplay and
thirty-two to Leadville, being ninety-six miles less staging than by any
other route. New stations of the road are opened for traffic as fast as
the Denver South Park & Pacific Railroad is completed.
Excelsior Water &
Mining Company.—The capital stock of
valu£ of $100 each,
\
>
Notice is hereby given that on and after December 12,1879.the
capital stock of tills company will be increased by the issue of forty
thousand (40,000) shares (four millions of dollars).
That the object of
this issue of stock is the following: This,company and the Lafayette
Bloomington & Muncie Railway Company have agreed upon a consoli¬
dation under the name of the “Lake Erie & Western Railway Company.f
That upon such consolidation the stock of the Lafayette Bloomington
& Muncie Railway Company will be exchangeable for the stock of
this company at the rate or four (4) shares of this company for one (l)
of the Lafayette Bloomington & Muucie Railway Company. That upon
such exchange of stock of the Lafayette Bloomington & Muncie Railway
Company the said such stock will cease to exist. That the stock so to
be exchanged and canceled amounts to ten thousand (10,000) shares of
one
hundred dollars each (one
million of dollars).
C. R. Cummings, President.
Louisville New Albany & Chicago.—There has been placed
on the New York Stock Exchange list the capital stock of this
company, divided into 30,000 shares of $100 each, or $3,000,000.
The road runs from New Albany to Michigan City, Ind., a dis¬
tance of 284 miles. The company has no mortgage debt, and
the
floating debt is $96,000.
Macon & Brunswick.—The proposed lease by the State of
the Macon & Brunswick Railroad attracted a number of capi¬
talists to Macon. The first bid was $60,000—the minimum price
fixed by the Legislature.
The bidding continued up to
$176,000, at the end of the legal hours for the lease, when a
wrangle ensued, which was ended by declaring the bidding
has
The com¬
Cal., con¬
necessitating the re-advertising of the lease by the Gov¬
sisting of 521 acres of mining land, estimated to contain gold void,
ernor.
The bidders were E. A. Flevellen, Director of the M. &
to the value of $18,750,000; tunnels, flumes, machinery, etc.,
B. Railroad; Julius Brown, son of ex-Governor Brown, Presi¬
which cost $1,802,542, and other valuable property.
The dent of the Western & Atlantic Railroad ; John G. Gresham,
bonded debt is $200,000, and the floating debt $43,013. The
Director of the Central Railroad of Georgia, and Mr. Payne,
receipts from the property prior to the organization of the who
represented J. C. Stanton and others of Chattanooga. The
company were $6,059,000, and since the organization on March
100,000 shares of the par
or $10,000,000,
Company, New York, November 10,1879.
been placed on the New York Stock Exchange list.
pany owns property in Yuba and Nevada Counties,
9, 1879, $907,000.
Grand Trank (Canada).—London, Nov. 8.—The Economist
says, the most striking feature in colonial railroads has been
the rise in Grand Trunk stocks, on an official notification of the
purchase of a connection to Chicago. An issue of half a mil¬
lion 6 per cent bonds is now offered at ninety-four, redeemable
in 1900, as part of the first mortgage of £1,240,000 on 330 miles
of road, which are to be consolidated under American laws into
company, under control of the Grand Trunk Rail¬
Company, and to be known as the Chicago & Grand Trunk
Railway Company (limited).
Indiana Bloomington & Western.—This is the reorganiza¬
tion of the Indianapolis Bloomington & Western, and the secu¬
rities of the new company have been placed on the New York
a
temporary
way
Stock Exchange
e list
list as follows •
1. Preferred first mortgage 7 per
1 000 000
the amount of $1,000,000.
cent bonds, due in 1909, to
2. First
mortgage bonds, due in 1909, to the amount of $3,500,000. Interest is payable at the following rates : 3 per cent
per annum for the first three years, 4 per cent for the succeed¬
ing two years, 5 per cent for the succeeding three years, and
then 6
per cent until maturity. The mortgage, by its terms,
cannot be foreclosed for non-payment of interest until January
1, 1884.
3. Second mortgage bonds to the amount of $1,50C,000. These
bonds are payable in 1919, and bear 3 per cent per annum inter¬
est for the first three years, 4 per cent for the succeeding two
years, 5 per cent for the succeeding three years, and 6 per cent
thereafter until
maturity.
‘ailure to lease leaves the road under the same
for the present.
management
Manhattan Elevated.—At the election for directors of the
] Manhattan Elevated Road at the office of the company, No. 71
'Iroadway, the following ticket was elected: William R. Gar¬
rison, Cyrus W. Field, George M. Pulman, A. H. Barney, J. F.
Navarro, Benjamin Brewster, Horace Porter, Nathan Guilford,
! Robert Harris, John Baird, H. R. Bishop, George J. Forrest
and Josiah M. Fiske. Messrs. Mortimer Ward, Charles J. Bar¬
ney and Arthur Leary were elected inspectors of the next
annual election.
Memphis Water Company.—By virtue of a decree of the
of mort¬
Circuit Court of the United! States, and of the deed
gage made by the Memphis Water Company to secure
the pajr-
ment of its six hundred bonds, all the franchises, rights, privi-
j(the
}?Sescontract
property of the Memphis Water
Company, induing
Memphis for the
rent of
between it and the city of
hydrants, and everything conveyed by the deed of mortgage, will be sold at auction in Memphis, December 15, 1879.
Michigan Central.—The following new bonds of this com¬
pany have been admitted to the New York Stock Exchange
list: Six per cent bonds of 1909, of which the amount author¬
ized to be issued is $1,500,000. The bonds are secured by a
first general mortgage on the Grand River Valley Railroad,
extending from Jackson to Grand Rapids, Mich., a distance of
fire
82'4 miles, and all its property and franchises.
Of
$1,000,000 bonds are held in trust by the Union Trust
the issue,
Company
of New York for the retirement of the outstanding bonds of
the Grand River Valley Railroad Company of the same amount,
$1,500,000 income bonds, payable 1919, with such interest maturing in 1885.
from July 1, 1879, not exceeding 6 per cent per annum, as the
Naghville Chattanooga & St. Louis—Western & Atlantic.—
net earnings may suffice to pay after satisfying the interest and It is
reported that Colonel E. W. Cole, President of the Nash¬
sinking fund upon the preferred and first and second mortgage ville Chattanooga & St. Louis Railroad Company, has purchased
bonds. These bonds are convertible into stock.
a controlling interest in the lease of the Western & Atlantic road.
5. $2,500,000 capital stock.
The latter road is owned by the State of Georgia. It connects
6. $830,000 stock
scrip, which is entitled to a dividend of 7 Atlanta with Chattanooga, a distance of 138 miles. In 1870 a
lease was executed to a lessee association for twenty years, at a
end of 8per
perannum,
cent on the common stock. After the payment rental of $300,000 per annum, payable monthly. The original
of a 7 per cent dividend, the stock scrip is convertible into members of the lessee
company are composed chiefly of officers
common stock.
and stockholders of competing roads.
The company has in full operation a railroad from Indianap¬
New York Elevated Railroads.—The following report of
olis, Ind., to Pekin, Ill.—202 miles—and it uses on mileage the traffic of the consolidated Elevated Railroads for the month
rental the tracks of the Peoria & Springfield Railroad, from
of October was published in the New York Herald, but is not
Pekin to Peoria, about ten miles.
confirmed at the office of the Manhattan Company.
Jersey City & Albany.—The Bergen County (N. J.) Democrat
The receipts of the several lines were :
says of this road that: “ It is expected it will be open to travel Third Avenue Line
$201,069
148,037
by the 10th of November. It will be operated by the New Sixth Avenue Line
4.
Ser cent
after the payment of interest and a divi-
The Midland Railway will
receive two-thirds of the gross receipts of the new road for
operating it, and pay all the running expenses. The division
of the road to Haverstraw will be 25 miles in length. The cost
of construction will be less than $100,000, as a portion of the
road-bed had been made by the Jersey City & Albany Railroad
Company before its propeirty and franchises were purchased by
the Jersey City & Albany Railroad Company. To meet the
cost of the work, $100,000 in first mortgage oonds have been
Jersey Midland Railway Company.
issued and most of them sold.
This will make the indebtedness
24,067
Ninth Avenue Line
Total
The
....
operating
expenses were :
Third Avenue Line
Sixth Avenue Line
Ninth Avenue Line
.'
-
15,876
$152,680
Total
$220,494
percentage of operating expenses to earnings on the
Excess of
The
$£73,174
receipts over expenditures
*
512
THE CHRONICLE.
Third Avenue Line
37 per cent, on the Sixth Avenue Line
41 per cent, and on the Ninth
Avenue Line 65
cent. The
large percentage on the Ninth Avenue Line per
is due to the
reconstruction of the line in Greenwich street
and Ninth ave¬
was
nue.
The Third Avenue Line carried
during the month 1,268,887
passengers at 10 cents fare and 1,481,948 at 5 cents
fare, a total
of 2,750,835. The Sixth Avenue
Line carried 1,073,541
passen¬
gers at 10 cents fare and 797,322 at 5 cents
fare, a total of
1,870,863 passengers. The Ninth Avenue Line carried
139,374
passengers at 10 cents fare and 197,824 at 5 cents
fare, a total
of 337,198 passengers.
Grand total of passengers carried,
4,958,896.
The increase in
earnings above those of September
Third Avenue Line
on the
the Sixth Avenue $23,219,
$2,463, a total increase of $42,016,
expenses on all the lines show a reduction.
N. Y. Lake Erie & Western.—The
completion of the Boston
Hoosac Tunnel & Western
Railway
will
open a new connection
for the Erie Railroad. The Tribune
reports of this that “the
road will be opened for business
early in December. The
new line leaves the New
York Lake Erie & Western road at
was
$16,333,
and on the Ninth Avenue
while the operating
Binghamton, running
on
the Albany & Susquehanna Rail¬
Rensselaer & Saratoga to Meclianicsville. It crosses the Hudson River at
Meclianicsville, where
the line of the Boston Hoosac
Tunnel & Western
Railway
begins. This passes through the extreme southwest corner
of
road to
over
Schenectady and the
Vermont to the State line of
Massachusetts, where it connects
with the
Troy & Greentield road. From Meclianicsville to its
eastern terminus, near North
Adams, the road is forty-six miles
in length. The
company has a traffic contract for twenty years
with the Delaware & Hudson Canal
Company, which controls
Albany & Susquehanna and the Rensselaer &
Saratoga
Railroads, and with the New' York Lake Erie & Western
Rail¬
the
way.
“The Tunnel route from
Scliagliticoke to the Massachusetts
State line runs
nearly parallel to the
Troy & Boston Road, re¬
cently bought by William H. Vanderbilt and
operated in the
interest of the New York Central.
It crosses the
Troy Sc Bos¬
ton Road four times : at
Hoosac Falls, Hoosac Corners and
twice at
Petersburg Junction. These crossings have been the
.subject of long litigation.”
—Following is the official statement of the earnings and
operating expenses of the New'
'
Y~ork Lake Erie & Western
Railroad for the month of
August,
1878 and 1879, as published
in London :
-Gross earnings
•Operating expenses
1878.
$1,445,929
870,125
1879.
$1,450,222
S58.985
'
Inc. or Dee.
Inc. $4,299
Dec. 17.140
Net earnings
$509,803
$591,237
Inc .$21,439
The net earnings of the first eleven
months of the fiscal
ending September 30, compared with those of the same year
[?OL. XXIX.
Pacific Mail.—The Tribune
reports of this
company that the
steamship George W. Clyde has been transferred
to William P.
Clyde in exchange for the
steamship
The Wil¬
mington is now in the Pacific, and will Wilmington.
be
tral American Line.
by
“
The object of the
officers of Pacific Mail, was twofold :
To
placed
on
the Cen¬
exchange, it is
stated
secure another
ship for tlieir Pacific lines, and at the same
relieve the company of a portion of
time to
its debt which was about to
In consideration of the
mature.
difference in value of the two
Mail received its own
ships, the Pacific
notes,
amennting, with accrued interest, to
$1(3,010 in cash.
The notes were a part
of the com¬
the Panama
Transit Company, and would
matured early next year. The,
have
Clyde
was one of the vessels
about two years a^ro to the
transferred
Panama
$100,800,
pany’s
and
debt
to
Railroad Company to secure
the
payment of Pacific Mail’s debt to the
railroad company. The
c ompauy has
Panama
consented to the recent
exchange. It has released its title
to the Clyde, and
accepted in its place the same lien on the
To make good the
security afforded by the more valuableWilmington.
vo-sel, the
steamship companj' nas assigned to the
railroad company all its
erty at Aspinw'all. Panama and
prop¬
Acapulco.
This
transfer
its lighters,
comprises all
machinery and shops, stores, coal, &c.,on the Isthmus.
value of the property is estimated
The
to be over
$200,000. The Pacific
Mail still owes the Panama
Transit Company about $150,000. On
sum it is
this
obliged to pay monthly $5,000, but under its
said, this payment will he increased
contract, it is
next
“
year to $20,000 a month.
Near the close of September the
steamship company paid $200,000
of its debt to the
Panama Company. Of this sum
$175,000 -was in
faction of deferred
charges for transportation across the Isthmus. satis¬
The
remainder, it was agreed, should be
applied to its October payments to
tiie Panama
Company. In consequence of this agreement, the
paid nothing last month towards the
company
of its debt. The
monthly payments will fall due again extinguishment
on November 25.
The company
has not paid the balance of its
overdue taxes to the city. The
amount
still unpaid is $45,050.
together with interest at 12 per cent on
$9,000
principal since September 29. The payment of
this sum has been de¬
ferred, by an agreement bet ween the
company
the
and
Comptroller and the
Tax Department, in order that
the company may seek relief
from the
State legislature. The
company
hopes,
to
secure a reduction in
interest
from 12 to 8 per cent. The
legislature
passed several years ago stay
law's making a similar reduction in
favor of overdue taxes on real
estate.
The laws w'ere re-enacted each
year during the depression in the
real
estate market. The interest
which has accrued on the
for 1874 amounts to about
company’s taxes
$90,000,
and the proposed reduction would
relieve the company of the
payment of about $30,000.”
Philadelphia Newtown & New
&
Reading.—The Philadelphia Ledger of York—Philadelphia
November 11 said: “ An
arrangement was consummated
yesterday by which the
Philadelphia Newtown & New York Railroad passes
under the
control of the
Philadelphia & Reading Railroad. This road,
running from Philadelphia to Newtown, has heretofore been
under the
v
management of a corporation of which General H.
G. Sickel was President, and was
operated
Railroad under a contract terminable on by the Pennsylvania
ten days’ notice
by
either party. It lias a
capital of $1,200,000, composed of 24,000
shayes, at $50 par, and a debt of $700,000—6
per cent bonds.
Under the agreement made with the
Reading Railroad,
12,012
transferred to that
company, giving it control, and it has
guaranteed the bonds,
shares,
or
the
majority of the
stock,
was
principal and interest, the surplus
earnings, if any, to be
on
the stock. The old
management
period resigned yesterday, and a new board of directors was elected,
last year, show a decreare of
$323,196.
with Colonel James
'Boyd, of Norristown, President. The ter¬
New Securities at tlie Stock
minus of the road is now to be
changed to Ninth and Green
Exchange
—The
Governing streets, the new board having
Committee of the Stock
a special
Exchange
held
given
the ten days’ notice termi¬
meeting, and
added the following securities to
the active list?: Placed on nating the contract with the Pennsylvania Railroad. The
the regular
list—Philadelphia & Reading RR. Company com¬ construction of a road about one mile in length, extending the
mon stock,
$32,726,375 28; preferred stoedt, $1,551,800
recently-built connection between the Reading
; bonds,
and North
.$72,501,027 30.
road first
Indianapolis Bloomington &
Western Rail¬
mortgage preferred bonds, $1,000,000
;
fage
; second mortgage bonds,
bonds,& $3,500,000
ialtimore
Ohio Railroad
Company first
first mort-
$1,500,000.
mortgage 6
cent bonds,
per
Parkersburg branch, $3,000,000. Oregon" Railway
Navigation Company bonds, $6,000,000.
Chicago & North¬
western Railroad
Company sinking fund 6 per cent bonds of
1879, $2,400,000.
Chicago Milwaukee & St. Paul Railroad
Company bonds of the Davenport & Northwestern Railroad
Company, $3,000,000. Michigan Central Railroad
six per cent bonds of
Company
1909, $1,000,000. St. Paul
Minneapolis &
Manitoba Railroad Company first
mortgage bonds,
and second
mortgage bonds, $8,000,000. Excelsior $8,000,000,
&
Mining Company common stock, $10,000,000. PlacedWater
on the
free-list: Louisville New'
Albany & Chicago Railroad Company
stock, $3,000,000.
St. Paul
Minneapolis & Manitoba Rail¬
road Company stock,
$15,000,000. Wabash St. Louis & Pa¬
cific Railroad
Companj^ common stock, $20,000,000, and preferred
-stock, $20,000,000.
Oregon Railway & Navigation Company
stock, $6,000,000. Indianapolis
Bloomington Western Railway
Company stock, $2,500,000. Placed under &the
head of mis¬
cellaneous : Boston Land
Company stock, $800,000. Placed
under the head of income bonds
:
Indianapolis Bloomington &
Western Railroad
Company income bonds, $1,500,000. The
Philadelphia & Reading Company have named the Farmers’
Loan & Trust
Company as their local transfer agents.
Oregon Railway & Navigation
Company.—The stock and
bonds of this
company have" been admitted to the New York
Stock
&
Exchange list.
1. 60,000 shares of stock of
the par value of
$6,000,000, of
which $4,455,300 stock are nowr
outstanding.
2. $6,000,000 first
mortgage 6 per cent bonds, payable in
.1909, of wrhich $4,795,000 bonds are now
outstanding.
The earnings of the
company since July 1, when it began its
operations, have been as follows : Gross
earnings, $670,682; net
earnings, $391,657.
The company’s business consists
of the
transportation of
and passengers,
by steamships, between the ports of Sanfreight
Fran¬
cisco, California, and Portland,
roads between Portland and all Oregon, by steamboats and railpoints on the navigable w’aters
of the Columbia and Snake
livers,
and by railroad between
Walla Walla and
Wallula, in Oregon.
devoted to dividends
Pennsylvania railroads from Tabor on the latter line northeast,
will strike the Newtown road north of
Olney. It is in contem¬
plation to extend the road from Newtown to the Bound
Brook
route at
Yardleyville, where it crosses the Delaware. These
lines, it is claimed, will shorten the
Reading Railroad’s line
between Philadelphia and New York about
four miles.”
Philadelphia Sc Reading.—The stock and most of the
bonds of this
company have been placed on the New YY>rk
Stock Exchange list, and the
following is a summary from the
statement submitted. :'
1. Common stock,
$32,726,375.
2. Preferred stock,
$1,551,800.'
3. Old early
mortgages and convertible
amount of $5,573,500.
4. Consolidated
leans
maturing to the
mortgage loan, ,1871, due June 1, 1911, of
$25,000,000, of which $18,616,000 are now
Of this
mortgage, $5,773,000 bonds are reservedoutstanding.
to meet the abovementioned early issues.
5. Improvement
mortgage 1873-97 6 per cent gold, sterling
or dollar, bonds to the
amount of $10,000,000.
Of this issue,
$636,000 bonds, however, have been canceled
the operation
by
of tlie sinking fund.
6. General
mortgage 6 per cent and 7 per cent bonds. The
total issue is $60,000,000, of which
$35,000,000 are reserved for
all prior issues of all kinds. Of
the $25,000,000 bonds to be
issued, $20,000,000 are 6 per cent bonds and
$5,000,000 are 7
per cent bonds.
Deducting
the amount in the sinking fund,
there remain
outstanding $19,686,000 bonds.
7. Income mortgage 7 per cent
bonds, the authorized issue
of which is $10,000,000.
The mortgage has for its
bond and mortgage
security the
upon the lands of the Philadelphia &
Reading Coal & Iron Company next after the $29,737,965
bond
of July 1, 1874. It was created
in order that the deferred
coupon scrip might be converted into it, and that it
might be
used in carrying the
company’s floating debt. Of the author¬
ized amount, $2,159,000 bonds have
been issued.
8. 6 per cent debenture
bonds, $1,128,800.
9. Debenture convertible 7
per cent bonds, $10,499,900.
10. 6 per cent
currency scrip, $3,622,787.
11. 6 per cent
gold scrip, $1,823,040.
The total obligations
outstanding amount to $72,501,027
The company’s
registry and transfer office in New Y"ork will b
at the Farmers’ Loan & Trust
Company. The securities place
November 15,
on
1879.]
THE CHRONICLE.
the list embrace the consolidated mortgage 6
and 7
per
cent bonds, coupon and registered; the improvement mortgage
6 per cent bonds; the general mortgage 6 and 7 per cent bonds;
the income bonds; the debenture loan 6 per cent bonds; the
debenture convertible bonds, and the preferred and common
stocks.
Port Hnron & Northwestern
(N. G.)—This Michigan com¬
is stated to have effected a loan of $700,000 from a New
York trust company on the agreement that it is to receive
$130,000 on the road as now completed to Croswell, and of the
remainder can draw $5,000 per mile as each section of eight
miles is finished. The railroad company gives as security its
bonds, secured by mortgage on the road, bearing eight per
pany
cent interest.
St. Paul
Minneapolis & Manitoba.—The securities of this
company have been jfiaced on the N. Y. Stock Exchange list,
with the following statement :
1. First mortgage 7 per cent gold sinking fund
2. Second mortgage 6 per cent gold bonds.
3. Stock to the amount of $15,000,000.
bonds.
new
513
certificates of stock, to be
ready for delivery on November
$20,000,000 preferred and $20,000,000 common
stock of the new company. For
every two shares of Wabash
one share of preferred
and one of common stock of the Wabash
14. There will be
St. Louis & Pacific will be issued. The Kansas City & Northern
stock will be exchanged share for share, common and
preferred.
The Metropolitan Bank has been designated as the
registration
office in this city.
The Tribune says : “Vice-President Lewis and
Manager Gault
are to live at St. Louis, and the
management of the road will
be under their direct supervision. Vice-President
Hopkins will
remove to this city.
With the President he will take charge of
the executive department of the
company, and will have the
general oversight of all its operations.
The exchange of stock
will begin next Friday [Nov. 14].
“The Wabash St. Louis & Pacific Company will have under
its control nearly 2,000 miles of road,
extending from Toledo,
Detroit and Chicago at the East to St. Louis, Kansas
City and
Omaha at the West. The following lines form the consolidated
road:
The company was
organized on May 23, 1870, and owns and is
operating, under the charter of the St. Paul & Pacific Railroad Toledo to East St. Louis
Company, 660 miles of railway from St. Paul to Minneapolis, Chicago and Paducah
where
branch passes northward to St. Paul, St. Cloud, and
Fergus Falls, and the other westward by way t>f Litchfield and
Breckenridge. The road reunites at Barn*esville and runs to
St. Vincent, where it connects with the Pembina Branch of the
Canada Pacific Railroad. A branch line runs from Crookston to
Grand Forks, and is to be extended into Dakota. The total
one
Chicago and Strawn
Eel Elver
ST.
WABASH LINES.
Miles.
Miles
433
Decatur to Quincy
157 | Other branches
95
94
Total miles
LOUIS KANSAS CITY &
275
68
1,048
NORTHERN LINES.
Miles.
St. Louis & Kansas City
Moberlv to Ottumwa
Brunswick to Pat’sburg
& Hannibal 201
Miles.
Other branches
37
131
81
Total miles
848
length of road completed is 618 miles, and 42 miles are under Pats’burg to Council Bluffs.... 140
construction, The railway is composed of the lines
Total length of lines.
70
1,896
recently Lex. June, to St. Joseph
102
owned by the St. Paul & Pacific Railroad Company and the St. Quincy Mo. & Pacific
Paul & Pacific Railroad Company first division, together with
The extension of the Eel River Road from Butler to Detroit,
the Red River Valley and the Red River & Manitoba railroads. which is now contemplated, and the acquisition of the Pekin
The first two roads were acquired at judicial sales, duly con¬ & Southwestern Road, which will be sold within a few weeks,
will give the new company control of more than 2,000 miles of
firmed, and the last two by purchase.
The first mortgage bonds to the amount of $8,000,000 are road.”
secured by a mortgage which, with the exception of two pre¬
Wisconsin Valley.—The following circular has been issued
vious liens for $120,000 and $366,000 respectively on about to the stockholders of the Wisconsin
Valley Railroad :
eighty miles of the road, is a first lien on the entire"road equip¬
Boston, Oct. 30,1879.
“
ment, &c., and on about 2,000,000 acres of land. The issue is
limited to $12,000 for each mile of completed road.
The bonds
are dated June 21,1879, are due
July 1, 1909, and bear interest at
7 per cent, payable in gold. The proceeds of all land sales are
to be reserved by the trustees as a sinking fund for the re¬
demption of the* bonds at or under 105 and accrued interest.
The trustees have already purchased and canceled $50,000
bonds, and there remains in the sinking fund $92,647 to be ap¬
plied to the
amount of
same purpose.
The second mortgage bonds to
are secured by a second mortgage on
$8,000,000
road, &c., but not
mature October 1,
the
the
the land. They are dated October 1, 1879,
1909, and are payable, principal and inter¬
on
est, at the rate of 6 per cent in gold. The stock and bonds
have been issued to pay for the roads, lands, &c., forming
the line of the railroad,* to complete the lines projected ana
to
improve the completed road. The company has no floating
The gross earnings of the company from traffic
from June 1 to October 1, 1879, were $901,201.
St. Paul & Sioux City.—An agreement has just been con¬
cluded by which a part of this system of roads is to be consoli¬
indebtedness/
To secure the business of the country north of our
preseut road and to
further develop that section, it is deemed
necessary to extend the Wis¬
consin Valley road from Wausau, its present terminus, to
Jenny, a dis¬
tance of 17^2 miles. The estimated cost of said extension is $175,000.
To provide the means for building said extension,
it is proposed to issue,
under the mortgage of this company, dated January 1, 1879, 7 per cent
first mortgage bonds, dated January 1, 1879, and having 30 years to
run, to the extent of $10,000 per mile, or say $175,00O, and to offer
these bonds to stockholders at 90 per cent of their par value,
$175,000 bonds at 90 per cent will yield, say, $157,000, leaving
to he provided $17,500.
County bonds to the amount of $55,000,
and bearing interest at 8 per cent per annum, have been voted as
aid,
and are held in trust, to be delivered to this company when the exten¬
sion is completed. These bonds will be used to provide for the above
$17,500 needed for construction, and also for any additional equipment
that may be required. This subscription is now offered to the stock¬
holders of record of Novembers, and until November 12, 1879, inclu¬
sive. Each holder of 120 share.5? of preferred and common stock, or
either, will be entitled to subscribe for a $1,000 first mort .rage, 7 per cent
bond, at 90 per cent, costing $900. Stockholders may subscribe for
whatever amount they choose, and will be equitably treated in the
allotment. Stockholders may dispose of their rights for the purpose of
consolidating with others. The subscriptions wiil be payable as called
for by the treasurer, not exceeding 25 per cent in
any one mouth. In
teresc will be adjusted at the rate of 7 per cent per annum.
dated with the Omaha & North Nebraska Railroad. The new.
—The following visitors, from the United States and Canada,
will be the “ St. Paul Sioux City & Omaha Railroad
had been registered at the counting-house of Messrs. Morton,
name
Company.” This new line will begin at Omaha, running Rose & Co., London, up to October 24:—New York : E.
Randolph
through the Missouri Valley to the Missouri River toward Sioux Robinson, J. M. Hurtado,
Mrs. and Miss Mackenzie, Amos Van
City, with about forty miles additional to be built west of Sioux Wart, Charles P.
Murray, W. Merritt, S. S. Dennis, John Trav¬
City, which wjli complete the line from St. Paul and Minne ers, Jr.,
F.
Osborn,
Edward H. Lynde, Mr. and Mrs. MahHenry
apolis to Omaha, and a connection with the Union Pacific Rail¬ lon Sands, E. T.
Philpott, Miss Bliss, Charles G. Francklyn and
road. The Nebraska and Omaha road is free from bonded and
other debts, but will be bonded under the new arrangement at
the rate of $10,000 per mile, making the bonded debt uniform
with remainder of the road. The Stillwater & St. Paul Rail¬
road has just been purchased also by the Sioux City Company,
which will extend their line to Taylor’s Falls, Minnesota, which
taps
of the largest lumber regions in the West, while the
Chicago St. Paul & Minneapolis uses this line at present in
one
entering St. Paul.
Union Pacific.—The land business for September, 1879, is
reported
as
follows:
Acres sold
Amount for which sold
Average price
per acre
Number of purchasers
Average
acres to
each.
18,628*86
$78,107 54
$4*1 9*2
1S1
102*92
Wabash St. Louis & Pacific.—The following directors of
this consolidated road were elected at Toledo, November 7, for
one year :—Julius S. Welsh and Thomas E. Tutt, of St. Louis ;
family.
Detroit, Mich. : Wm. L. Smith, Miss Smith, M. S.
Smith. Akron, Ohio : E. S. B. Miller.
Chicago, Ill.: E. C.
Michell. Washington, D. C.: Mrs. Sherman and party. Tor¬
onto: Daniel E. R.
Lucas, G. D’Arcy Boulton.
—Attention is called to the card of Messrs. J. H. Latham &
Co., No. 52 William street, New York.
This firm makes
a.
specialty of foreign exchange, U. S. bonds, and all good invest¬
ment securities.
The gentlemen composing the firm have long
experience in this and other financial markets, Mr. Latham,
being formerly the only American representing the firm of Jay
Ccoke & Co. m London. Mr. F. W. Perry is connected with
gentlemen of prominence in business circles in Brooklyn and
New York.
—Attention is called to the card of Messrs. Hinckley & Jones,
William street, New York. This firm proposes to deal in
Government bonds, stocks and investment securities, on com¬
mission, and to give special attention to mining stocks. The
Californian capitalist, Mr. Wm. M. Lent, is a special partner in
the firm, and, with the other well-known gentlemen composing
the firm, will make a strong house.
19
Henry H. Cook, of New York ; J. S. Welsh, of Philadelphia,
and James Cheney, of Fort Wayne, Ind; for two years:—James
F. Joy, of Detroit; Charles Ridgely, of Springneld, Ill.; Geo.
—The old and well-established house of Messrs. Talcott &
N. Dunlap, of Chicago, and Solon Humphreys and Sidney
Sons,
38 Broad street, has just admitted as a partner Mr. Joseph
Dillon, of New York ; for three years:—C. W. Field, Jay Gould
and Russell Sa<?e, of New York ; A. L. Hopkins, of Toledo, and A. Blair, late first teller of the Mechanics’National Bank, a
which promises additional activity to an already active
Benjamin W. Lewis, of St. Louis. The new board organized at change
firm of bankers and brokers.
a meeting in New York
by the choice of the following officers :
—Parties interested in the consolidation of the Wabash and the
Cyrus W. Field, President; B. W. Lewis, jr., and A. L. Hop¬
St.
Louis Kansas City & Northern railroad companies will see the
kins, Vice-Presidents ; W. B. Corneau, Treasurer ; James F.
How, Secretary, and John C. Gault, General Manager. President terms of exchange and delivery of new certificates of stock in
Field, Vice-President Hopkins, Sidney Dillon, Jay Gould, Rus¬ our advertising columns of this issue.
sell Sage and Solon Humphreys constitute the executive com¬
—The Homestake^ Mining Company has declared its eleventh
mittee.
dividend (for October), payable at Wells, Fargo & Co.’s on the
A resolution was adopted authorizing the filling up of the 25th. Transfers close on the 20th.
514
THE
CHRONICLE.
t
OOTTON.
She (Kumweixml ’Qimts.
CO M VI KRCl AL
Friday, P. M., November 14, 1879.
Thh Movement of the Crop, as indicated
by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Nov. 14), the total
EPITOME.
Friday Night, November 14, 1879.
The
spirit of speculation has continued very strong in some
leading staples of domestic produoe, but in others it has
more or less subsided.
These excessive speculative movements
cause a very feverish and unsettled tone to
prevail in some de¬
partments of business, though regular trade is very good for
the season. The weather has again become unseasonably
mild.
The prolonged drought in middle latitudes caused such low
of the
water in the Ohio River that the cities
danger of
its bank
on
\ 01, XXIX
in
were
receipts have reached 220,218
bales, against 225,087 bales last week, 245,613 bales the previous
week, and 214,461 bales three weeks since; making the total
receipts since the 1st of September, 1879, 1,667,438 bales, against
1,364,233 bales for the same period of 1878, showing an increase
since September 1, 1879, of 303,205 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four
previous
Receipts this w'k at
1879.
New Orleans
1878.
61,272
11,459
Mobile
follows:
years are as
1877.
38,871
56*307
19,723
21,768
15,374
24,323
1876.
1875.
46,833
22,908
24,177
2,236
27,130
27,188
1,655
10,339
1,066
8,146
32,130
55,252
16,845
coal famine, and were obliged to procure tem¬ Charleston
18,229
19.834
It is generally believed that the State Port Royal, &c
700
268
422
Savannah
42,532
26,379
31,799
unusually late.
27,000
Galveston
The provisions market has been very
21,390
20,792
20,372
25,767
strong, and marked ad¬
Indianola, &c
321
299
282
387
vances at times have taken
place, owing to increase of specula¬ Tennessee, &o
12,887
12,577
6,435
6,741
tive confidence and good regular demand.
To-day a further Florida.
286
193
2,584
731
*
improvement in pork took place, with sales on the spot at $11 North Carolina
5,991
8,959
7,620
6,707
for mess ; old and new for January sold at $10 97^, and new Norfolk
31,164
17,283
23,984
24,770*
City Point, &c
5,161
15,593
7,614
for February at $12 45@$12 50. Lard was also 5 to 10c.
1,798
1,681
per
100 lbs. higher, at 7‘35c. for
Total this week
220,216
176,004
194,571
205,606
prime Western on the spot, 7*27 /£c.
186,135*
for November contracts, 7*30c. for December, 7‘45@7‘50c. for
Total since Sept. 1. 1,667,438 1,364,233 1,125,721
1,424,903 1,249,941
January, 7*55@7*62^c. for February, and 7*65c. for March. Re¬
The exports for the week ending this
evening reach a total of
fined for the Continent quoted at 7*75c. Bacon was
higher, with 196,325 bales, of which 130,878 were to Great Britain, 23,696 to
sales of long and short clear to arrive at 6%c. Beef and beef France, and 41,751 to rest of the
Continent, while the stocks as
made up this evening are now 578,768 bales.
hams were firm and unchanged.
Below are the
Butter is somewhat de¬
stocks and exports for the week, and also for the
corresponding
pressed by the mild weather, and cheese is rather quiet and week of last season:
inclined to weakness. Tallow firmer at 7%@7/£c.
Week
EXPORTED TO—
STOCK.
Total
Same
In Rio grades of coffee a weak and easier
feeling has prevailed, ending
this
Week
Great
Conti¬
with a decline for the week of
Week.
1878.
1879.
1878.
fully %c. per lb. under materially Nov. 14. Britain. France. nent.
increased stocks; the close, however, is firmer, and fair
cargoes N. Orl’ns
26,161 18,784 14,397
59,342
13,634 202,185 102,478"’
are now quoted at 16@16%c.
Stock here in first hands on the Mobile..
4,000
100 28,642 21,478
4,000
12th inst. was 113,450 bags. Mild grades
6,347
8,977
15,324
have remained steady, Charl’t’n
23,385 61,157 96,570
Savan’h.
with a very fair trade reported. Rice has sold in a fair
24,351
3,394 12,771
40,516
29,256 93,747 91,458way at
Galv’t’n978
13,715
2,282
16,975
14,405 80,438 96,842
late full figures. Molasses,
owing to the scarcity of supplies, N. York. 17,350
540
1,474
6,992 39,750 53,735
19,364
is higher, with 50-test Cuba refining
quoted at 35(2>40c. Refined Norfolk- 17,052
17,052
12,960 41,849 3 6,900
sugars close slightly irregular at 11%@11%c. for crushed. Raw Other*..
21,902
1,850
23,752
17,034 31,000 32,000
grades are strong and quiet, owing to the short supply ; fair to Tot. this
good refining Cuba quoted 87/b@9%c.
week.. 130,878 23,696 41,751 196,325 117,766 578,768 511,462
a
porary supplies by rail.
canals will remain open
....
...
5
-
....
....
*
....
....
....
....
Hhds.
Receipts since Nov. 1, 1879
Sales since Nov. 1, 1879
Stock Nov. 12,1879
Stock Nov. 13, 1878
6,605
12,371
19,859
46,474
Boxes.
4,338
2,243
12,344
10,104
Bags.
12,586
101,318
301,020
193,610
Melado.
.
271
934
1,974
export
consumption. Prices are nominally un¬
changed; lugs quoted at 3^@5c. and leaf 5^@12c. There is,
however, some revival of business in seed leaf, and the sales for
the week reach the very liberal
aggregate of 2,449 cases, as
and 100 for home
1877 crop,
1878 crop,
Pennsylvania, ll@25c.; 74 cases
Pennsylvania, 12@27c.; 550 cases 1878 crop, New
cases
England, 8@30c.; 950
1878 crop, Ohio, private terms; 100
cases 1878 crop, Wisconsin,
private terms, and 150 cases 1877
crop, Wisconsin, 8@12c.
Spanish tobacco has continued in
demand, and the sales for the week are 700 bales Havana at
82c. @$1 05.
Naval stores have latterly shown much weakness and
|
i
cases
irreg¬
ularity under a loss of speculative confidence. Spirits tur¬
pentine was quoted to-day at 38@38^c., and common to good
strained rosins $1 70@$l 75. Petroleum was
higher, in sym¬
pathy with the Creek, where a large speculative movement in
“certificates” is in progress; refined, in bbls.,
quoted 8c. bid, and
10%@12Mc.
“Certificates” have advanced to $1 10 per
bbl. and closed at $1 05. In metals
very little of interest has
cases
occurred; prices for all descriptions, rails alone excepted, are
easy, and apparently inclined to a lower basis. Ingot
copper
sold in a small way at 21%c. for Lake. Wool is active
and
Clover seed sold to-day at 8%@10c., the latter for
buoyant.
choice. Whiskey held at $1 15.
Ocean freight room, both for berth and charter
description,
has declined, and remains
easy, owing to liberal arrivals of ton¬
nage. A good business has been done in petroleum vessels.
Late engagements and charters include
grain to Liverpool, by
steam, 6^d. per 60 lbs, cotton 9s. 3d., bacon 30@35s., butter ana
cheese, 42s. 6d.; grain, by sail, 7d.; do to
by sail,
7^d.; do. to Bristol, by steam, 7%d.; do. toLondon
Hull, by steam,
7%d.; do. to Cork, for orders, 6s.@6s.
4^d. per quarter; do.,
by steamer, to Naples, 7s. l^d.; do. to Lisbon, 16c. per bushel;
do. to Almeria, 17c.
Naphtha to Exmouth, 4s. 3d.; do. to
Exeter, 4s. 7/£d.; crude petroleum to Marseilles or Cette, 4s.
10d.; refined do. to Rotterdam, 4s.; do. to Antwerp or Bremen,
4s. l^d.; do. to
Liverpool or London, 4s.; do. to Cork, for
orders, 4s. 6d.; cases to Java, 39c. Residuum to Liverpool, 4s.
3d.; refined petroleum to Antwerp or Bremen, 3s. 9d.; do. to
Trie te, 5s. %d.; do. to Bremen, 3s. 9d.;
grain to Bilboa, 6s. 9d.
i
Sept. 1.
1,016
The market remains quiet for
Kentucky tobacco, and the
sales for the week are only 450 hhds., of which 350 for
follows: 625
Tot.slnce
662,659
85,430 163,561
911,650
626,095
♦
The exports this week under the head of “ other ports” include, from Balti¬
more, 6,634 bales to Liverpool and 1,850 bales to the Continent; from Boston,
6,787 bales to Liverpool; from
Philadelphia, 489 bales to Liverpool; from Wil¬
mington, 7,978 bales to Liverpool; and from San Francisco, 14 bales to Liverp’ 1.
From the foregoing statement it will be seen
that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 78,559 bales, while the stocks
to-night
67,306 bales
more than they were at this time a year ago.
In addition to above exports, our
telegrams to-night also
are
give
shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use
by Messrs. Carey, Yale &
us
the
following amounts of cotton
Lambert, 60 Beaver street
On
Nov.
14, AT—
Liver¬
pool.
New Orleans
Mobile
Charleston
Savannah
Galveston
New York
Other ports
Total
44,002
4.900
7.900
6,100
22,144
3,700
on
:
Shipboard, not cleared—for
France.
Other
Coast¬
Foreign
wise.
16,700
26,420
2,623
2,100
None.
13,500
17,700
1.500
13,000
None.
None.
None.
9,169
None.
None.
101,746
25,869
Leaving
Total.
Stock.
89,745
7,000
22,900
28,300
112,440’
1,906
1,075
700
None.
34,294
*5,400
21,61238,257
65,447
46,144
34,350
2,000
7,000
22,000
50,849
64,326
16,698
4.500
*
209,639 369,129
foreign ports, the-
Included in this amount there are 1,000 bales at presses for
destination of which we cannot learn.
The
following is
cotton at all the
RECEIPTS SINCE
SEPT. 1.
Ports.
1879.
N.OrIns
Florida
337,159
108,726
194,061
290,430
183,327
22,962
3,999
N. Car.
44,484
Mobile.
Char’n*
8av’h..
Galv.*.
N. York
'
Norf’k*
Other..
our usual table showing the movement of
ports from Sept. 1 to Nov. 7, the latest mail dates:
,
215,298
46,776
1878.
118,814
48,603
226,221
313,951
200,468
23,307
12,390
50,992
168,753
24,730
This yr. 1447,222
Last ye ar
*
1188,229
EXPOR TED 8INC E SEPT.
Great
Britain.
128,606
4,617
56,572
52,068
46,869
117,527
France.
35,201
....
4,432
....
8,128
13,973
....
8,824
55,354
60,844
Other
Foreign
•
•
.
•
•
•
.
....
Stock.
Total.
14,959 -178,766 200,910*
4,617 28,405
24,426
85,430 64,700*
44,630
96,698 103,347
10,239
65,236 84,06818,783 150,283 33,411
....
....
•
1 TO—
....
......
142
8,966
15,897
2,460
6,171
53,314
67,015
41,650
14,000
531,781
61,734 121,810
715,325 586,37&
376,852
36,439
50^,329 483,06&
95,038
Under the head of Charleston, is included Port Royal, &c.; under the head of.
Galveston is included Indianola. Ac.; under the head of Aorj\>U is included
City
Point, &c.
0
5
.
3
3
,
M
X
)
0
4
.
7
1
1
0
9
0
1
0
0
1
.
1
7
0
9
.
1
001.5
0
4
.
1
0
0
5
.
4
2
0
.
0
0
8
4
2
.
8
1
0
.
3
3
.
9
0
2
9
4
00000
1
00
5
.
2
3
7
4259
8
7
0
7
4
.
.
4
1
.53
5
1
3
8341.41
5
2
November 15,
THE CHRONICLE.
1879.]
4
,
C
O
0
1
.
3
00.00000
9
914752137..351251.0.8751120.
There has been this week a very
buoyant market for cotton
on
with more doing, the demands from home spinners hav¬
ing materially increased. There was an advance of -Jc. on Sat¬
urday, 1-lfic. on Monday, 3-16c. on Tuesday, l-16c. on Wednes¬
day, £c. yesterday, and £c. to-day, being an advance of l|c. from
the lowest prices for this crop—in the first week of October—and
the rise has taken place in the face of an increased movement of
cotton and better weather for maturing the plant.
To-day,
though, as stated, there was an advance of £c., carrying middling
uplands to 121c., the market was quieter. The speculation in
futures” has been unexampled in excitement and activity. The
sales each day exceeded two hundred thousand bales, and on
Monday and Wednesday exceeded the quarter million, the trans¬
actions of Wednesday being the largest yet recorded.
There
was a material advance from day to day, except on Monday and
Bales.
_
the spot,
Bales.
Cts.
11-78
11-79
11-80
11-81
11-82
:.. 11-83
11-84
Cts.
BUes.
Cts.
Bales.
Cts.
12*34
12 35
12*30
2,000
1,800
1213
12-19
12-20
2,500
12*42
...1243
12-37
900
12-21
12-38
800
12*39
2,100
1,000
3,n00
12-22
12-23
12-24
1,200.
500
12-50
12-25
1,000
...12-51
00000000432145421742358...31241...57.3234191.212170.0,000
1,700
1,400
900
l*,100
12,800
14,100
10,000
12-40
...12-41
12 42
12*43
...12-44
18,800.
11-85
11*80
11*87
11-88
11-89
11-90
11-91
11-92
1,500.
4,000
0,200
4,800
..
.
000
200
12-20
12-27
12-28
800
0000000053942427691637319...10502527435...121164712831.2113
87 4
“
4,800
11-93
11-04
11-95
11-00
U-97
11-98
11-99
1200
12-01
0,800
2,000
2,000
500
800
1202
12-03
12-04
2,600
12 05
000
1,000
2,200
5,500.
1,700
009573124.197432
Wednesday, when sales to realize caused a temporary reaction ;
and at the close last evening bids, compared with the close on the
previous Friday, were 76 to 79 hundredths higher for November
and the winter months and 56 to 71 hundredths for the
more
distant
months, the later the delivery the smaller the advance,
•except that December advanced most.
Liverpool and the
Southern markets have responded with some spirit to the action
on our Cotton Exchange, but the main
impulse to the upward
movement seems to have been speculation—and only speculation,
though it may be noted that the reports from the Southern
exchanges generally indicated a decreased yield from last year.
To-day the market was feverish and variable, fluctuating
widely, but at some advance.
The total sales for forward delivery for the week are 1,466,200
bales, including — free on board. For immediate delivery the
total sales foot up
this week 5,723 bales, including 247 for export,
5,176 for consumption, 300 for speculation, and—in transit. Of
•the above, 100 bales were to arrive. The following tables show
4he official quotations and sales for each day of the past week:
UPLANDS.
Nov. 8 to
Nov. 14.
Sat*
Ordin’y.$t> 10%
Strict Ord.. 10%
Good Ord..
Mon Tnes
103i6
109,6
1015x6
10%
Str.G’dOrd 11%
Low Midd’g 11%
-Str. L’w Mia n%6
113x6
116i6
11%
Middling... U916 11%
Good Mid
1113x6 11%
Str. G’dMid 12%6 12%
..
Midd’g Fair 129i6 12%
Fair
133x« 13%
Wed
Tb*
10%
10%
11%
11%
11%
10%
10%
105,6
H°16 11%
11%
Good Mid.. 12%
Str.G’dMid 12%
i!i& 12tt16
139,6 137x6
Wed
Tb.
109i
Midd’g Fair 12%
Fair
13%
12%
12%
13%
12%
13
12%
12%
13%
14
13%
14
STAINED.
Good Ordinary
•"Strict Good Ordinary
Low Middling
12%
101516
11516
mile
1115x6
12%6
il;j?
1311
>0
Frl.
109i6 1013x6 101516
lOioxe U3i6 Ub16
llBib 119,6 111*16
11916 1113x6 1115itf
llitxe 1115x6 121x6
12%
11% 12%
12%
12%
12%
12%
12
13
12%
12%
12%
13%
13%
14
12%
12%
13%
14%
Mon Tnes Wed
.Sat.
123i66
Tb*
Wed
Frl*
1O1310
113x6
H916
1113x6
1115x6
c
12%
12%
13%
13%
11%
11%
117X6 11%
11%
1113x6 11916
11%
UiSxe mixe
12
123X6 1115x6 12
12%
127i6 123,6 12%
12%
1215x6 1211x6 12%
13%
1311x6 137,« 13%
1015x6
11316 11*16 119i6 115x6
117w lliiie 1113,6 11916
11916 ll13ie 1115x6 mile
12
11%
12%
11%
12%
12%
Middling... 11% 12% 12% 12
oi
105,6 10%
lOllie 1078
Hll6 11%
115x6 11%
H%6 11%
11% m3Xa
11%
Hl5l6
11
11%
Hhe
11%
J6 10Hi6T01316
10L>16
11*10 113x0
10%
10%
lOiixe 1078
11
Frl.
10%
12%
12%
12%
13%
14%
Til.
Frl.
10916 10% 10% 11
10 %
11%
11%
1015i6 11
m%6
H}16 11% llBje 119
ll9ie 11 l316 iii516
H°16 11%
$ 1b. 105,6 10%
10l*i6
Middling
11%
MARKET AND SALES.
SALES OP SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Sat..
Mon
'TuC8
Wed
Thurs
Fri.
.
.
.
.
Quiet,firm % adv.
Steady, lie adv..
Q’t.st’dy ad.of3i6
Quiet at lie adv.
Firm at % adv...
Unset’ld at % ad.
Total
*35
*30
182
432
518
1,132
673
1,706
200
ioo
....
715
247
5,176
Sales.
....
Deliv¬
eries.
432 212,500
553 254,600
600
600
1,332 230,100
1,000
703 269,300
1,988 222,800
800
600
500
715
300
500
100
500
12-08
12-09
12 10
1,000
4,000
12-11
12-12
12-13
12 14
3,500
1,400
12*15 !
1210
J,500
12-20
12-22
100
600
900
12-23
2,000
12-24
12-25
...12-20
12-27
12-28
700
12-29
12-30
276,900
*
5,723
4,100
Total future sales, 1,466,200.
The daily deliveries given above are actually delivered the
vious to that on which they are reported.
12-31
12*32
..12-33
500.
500...
3,000
12-34
1,900
...12-35
12-30
12*37
3,200.
1.300
500
900
12*20
For
January.
11-65
1,300
8,400
11-00
11-07
5,000
11-68
11*69
22,000...
11’70
5,000
11-71
11-72
25,000
11-73
11*74
21,700
11-75
5,700
....11-76
11-77
8,000
11-78
11-79
11*80
11-81
900
11*82
4,000
3,400
11-83
11-84
11-85
..11-80
11-87
11*88
11-89
11-90
11-91
.11-92
11-93
11-94
....
11-95
11-90
.11-97
11*98
11-99
12 00
12-01
1202
1203
12-04
25,000
12-05
12 00
1207
12-08
12-09
12 10
*
day
pre¬
For forward
delivery the sales have reached during the week
1,466,200 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For November.
Cts.
‘Bales.
100
100
400
3.900
8,500
3,500
2,100
2,000
2,300
2,900
1,900.
.-...li*03
Cts.
300
300
200
200
....11-84
....11*85
1,200
1,000
1,800
2,200
1,500
..
..
..
11-67
1,300
....
...11-70
1,500.
500
1,000
2,200
72,000
...1-1*73
11*75
..
.200
100
000.
100.
800
100
....11*90
1,800
2,100
Bales.
..
12-15
200...
800....
900....
12*23
500.
100....
5200..
3,400..
1,300....
7,200..
400...
700.
100....
3,800..
100.
2.100..
2,700...
8,000...
4,200...
0,500...
5,500...
4,200...
2,700...
1,500...
12-30
..
400....
100....
.11-98
*11-99
....12-00
...1201
..
...12-00
1,400.
..
000....
1,500...
200...
800.
200
400
..
..
.
..
1240
.12*42
12-43
T
-
T
77,100
11-50
j
I
8,000...
2,000...
1,200...
12-12
12 13
800
12-14
0,400
12*15
12 10
12-17
12 18
12-J9
2,800
1220
12*21
12-22
2,000
12-23
000
••«•••
*1 x*02
12-24
12-25
12-30
12-81
12*32
3,000
12-33
11-09
The
500
400.
100
800
8,000
12-63
1,000.
2’000
3,000
12-64
.12-05
1,300
1,300
1,700
12-00
12-07
12-68
1,300
600
800.
11-92
1193
11-94
11-95
11-90
800
500.
800
700
COO
500
...
11-97
1,600
1,000
11*98
700
3.300
3,500
.,
3,300
1,800
1,900
12-81
12-82
12-83
12-84
12-85
164,100
For
100
800
100
500
April.
12-07
12-08
12-99
?.. .12-18
1,400
1,000
12 19
300
300
800
12*20
12-21
12*25
3,300..
12-20
12-27
12-90
100
400
400
12*92
12-93
12-95
12-98
13-00
400
12-39
12-38
...12-39
1,200
700
12-57
12-58
12-00
400
12-61
700
500
12 63
12-65
12* *6
12-67
12 68
12-62
2,000
200
1,000
1,400
600.
....
12-45
12-40
12*47
12-48
800..........12 49
1,400
13-50
1251
600
500
200
12-52
12*53
12-54
3.000
12-00
100
300
300
200
800
12 04
12*05
12-00
200
200
12-67
100
200
12-70
100
200
12-75
12 80
1,000
100
700
200
400
100
100
000
OW
200
600
100
400.
For March.
1190
500
11-91
100
12 00
12-01
12-02
12*03
..12 04
12-05
12 00
12*07
12 08
12-09
1210
12-11
12*13
12-13
2,100
12 14
12-15
12 10
4,000
12 17
..
12-82
12-83
12 84
12*85
12-90
12b9
.12-90
12*93
1294
12-96
12*97
50,200
For
200
I
400
300
200
300
000
12-70
12-77
12 78
12-79
800
700
400.
200
200
12-71
12-72
12-73
1274
600
1,500
For
500
12-69
1,400
May.
...12-35
2,100
1,300
1,900
.12*38
12-39
12*40
2,000
*.12*41
13-25
13-20
13 27
30,300
12-55
12-73
13-21
....18-22
13*24
400
100
500
500
12 50
12*57
12*59
700
13*20
000.
s400
200
300
2CC
1,100
1318
1319
1,700
1,700
12-09
12-70
1271
12-72
13 03
13-04
13 05
13 10
1311
1312
13-14
13-10
100
100
100
12-44
.
600
300
700
300
13 03
300
200
700
600
200
100
200
12*40
12-43
200
400
300
800
222.900
J2-70
.....12-78
1279
12-80
900
12-37
1238
2,000
3,500.
12-74
700
....
500
800
700
12-51
12-52
12*53
,..12-54
12-55
12-56
12 73
12 22
13-23
12-24
1,500...
2,500
1,000
1,400
12-48
12*49
12-50
12*04
12-05
12-07
12-08
12 75
1,000
12-40
12-47
12-59
500
300
100
800
la-33
12*35
12-36
100..
3,800
3,800.
12*55
400
100.
200
100
100
12-32
12-40
12-50
12*51
12-62
12-53
12 54
1,000
2.100
1,200
800
700
1.000
300
4,000
4,200.
3,000
3,000
2,000
1,900
12-32
...
12-33
1,300
For June.
300
12-48
500
12*49
400
12-34
12-35
....12-30
12 37
2,000
40,200
12*77
800
000
5,000
12-70
12-78
3,000
100
13 14
1315
100
12-28
12-29
...
3,000
1,000
1,800
1,000
12 74
12-30
3,000
1,000
12-72
12 80
12-28
12-29
12-30
12-31
13 04
12-75
500
700
800
400
300
.12-20 |
12-21
12 22 ‘
12-23
12-24
12-25
12-20
12 27
13-00
12-73
12-71
3,200
12 19
3,000
1307
13-08
12 02
1203
12*04
12-0 5
1209
12-98
1309
1310
1312
1813
500
12-10
12-11
12 12
1213
12 14
1215
12-10
12 17
12-18
12-95
700
200
100
300
700
1,900
1,600
12*82
1,000
2,200
12-0!
2,800
1,000
3,500
2.200
100
500
12-70
600
11-99
12-00
2,800
1241
12-44
400
300
100
400
.....12-09
0,200
400
100
..
July.
12 58
12-00
12-01
12-02
12-03
12-00
12-08
12-70
12-71
.12-72
12-80
12-82
12-87
12*90
13-00
100
200.
100
200
100
600
200.
100
100
13-01
13 04
13-07
18 10
13-20
13-23
13-24
13-30
13-32
1ft 4ftft
11U,4UU
For August.
12*08
12*75
32*84
12*85
12-88
100
200
200
100..
100
"too
following exchanges have been made during the week :
200 Nov. for 200 Nov. s.n., even.
*01 pd. to
1,400.
900...
600...
12-11
2 *>
5,000
800...
12-48
500....
....12*12
Cts.
11-54
100..
800..
1,400...
1,000....
300
11-81
...11-82
„
For December.
Cts.
..
3,300
-4,000
900
1,300
1,200
1,700
3,400
Bales.
k»00....
800
500
000
400
Bales.
5,< 00
12 54
13 55
12-60
12-01
12-62
12*80
12-87
12*90
12*91
12-92
12-94
6,000
0,400
3,500
1,000
12*50
210,700
8,300..
12-83
900
3,000
12-55
2,900
1,000
12-53
12 08
12-51
1252
12-53
1254
..
32*79
12*80
12-00
200
000.
100
100
2,900
8,S00.
3,300.
2,100
3,300
12*07
1,100...
6,000
7,000
9,2tJ0
0,000
12-49
12-50
12*51
12-52
11-85
11-86
11-87
11-88
11-89
11*90
11-91
12*49
100
1.500
0,000
For February.
100
11-84
800
12-04
100
100
2,500
1,400
100
500
000
2,100
617,000
3,500
12-59
12-50
12 02
12-03
12-47
12-48
400
12-48
12*32
12 33
12-34
12 35
12-30
12*37
12-38
12-39
12-40
300.
000
600
12-40
1.000
12 45
8,900
12-52
12-55
12-57
12*58
100
0OO
1,000
12*44
12-31
500
200
3,000
12-01
12-05
12-00
12'40
400
2.800...
12-49
12*59
2,000
12-41
12-30
12*44
12-47
12-48
12-00
12 38
1242
12 43
12-29
1,000
500
800
400
13*05
:a2-«0
12*07
12-08
12*09
12-70
12-72
12-74
12*75
12-70
12-78
12*39
2,000
FUTURES.
Ex¬
ConSpec- Tran¬
port. sump. ul’t’n sit. Total.
300
000.
300
12-07
600
Mon. Tnes
1,600
12-00
300
100
TEXAS.
Mon Tnes Sat*
Sat*
llUxe 11916
1113x6 lUhe
121x6 111B16
123,6
'Ordin’y.^lb 107
Strict Ora.
Good Ord..
-Str.G’dOrd
Low Midd’g
Str.L’w Mia
NEW ORLEANS.
1245
12-40
12-47
12-48
12-49
12 50
1251
12-52
12 53
12-54
12"55
12-56
1257
12-58
4,800.
1,700
515
11-73
U-70
exch. 300 Dec. for Nov.
The following will show the range of prices paid
and the closing bid and asked, at 3 o’clock P. M., on
the past week.
for futures,
each day in
1
9
8
2
0
3
21-085
516
THE CHRONICLE.
Futures
Saturday.
Monday.
Tuesday.
Market.
Higher.
Variable.
Buoyant.
For
12-95! 132-94 6570
Day.
Closing.
For Day.
Closing.
For Day.
Dec’ber 11 GO- 11-54(11
Jan’ry ID 77- 11-65111
Feb’ry.. 11*94- 11-84111'
March
12-12- 1200:12
April... 12-29- 12*21 12
11S3-11-59 1 1-59
—11-90 11-68 1 1-68
12 10-11-85I1
17 12-25-1200 1
30; 12-35-1218:1 217
60
69
—
86
02
19
47(12-52-12-38 1 2-32 35
59 12-59-12-49; 1 2-44 46
67 12-00-12-58il 2-54 56
—
77
97
16
29
12-41 12-35(12
45
I2*n5- 12*48(12 56
12*68- 12-60(12 64
.
.
May....
June.
63
..
July
August. 12-75- 12-681
...
Tr. ord.
Closed.
-
11-70
Augusta, Ga
Columbus, Ga
Macon, Ga
Futures
Wednesday.
Market.
Variable.
For
Day.
For Day.
High. Lore, j Bid. Ask! High.
Nov’ber 12 14-11-88* 11"93 —
“
s n.
_
Dec’ber 12-16
Jan’ry. 12-25-
ll-Sbl 11 94
of last
as
Saturday,
brought down
—
to
2,300
2,216
700
700
4,022
7,800
1,964
4,423
1.434
1,071
2,425
7,176
4,500
2,808
1,355
5,627
4,500
2,879
12.205
'851
1.276
22.771
15,542
19,682
14,430
Total, new p’rts
72,509
*
-12-84|
—
69
83
15
24
returns,
288,000
52,831
Total Great Britain stock
Btock at Havre
Stock at Marseilles
Btock at Barcelona
Btock at Hamburg
Btock at Bremen
Btock at Amsterdam
340,831
86,920
809
4,000
1,800
20,403
17,300
3,230
Btock at Rotterdam
Btock at Antwerp
G,000
282,000
33,250
315,250
108,750
1,750
7,000
3,500
22,000
31,750
6,750
2,750
7,750
f
Week
ending—
July
“
429.000
29,500
392,500
145,250
5,000
39,000
458,500
156,750
3,500
53,000
8,000
43,000
53,750
12,000
10,250
13,500
9,500
41.750
29,500
9,000
5,000
9,250
Total European stocks..
140,362
481,193
507,250
74,575
100,000
3
503,434
3
39.656
379,000
19,000
511,462
104,417
40,000
..
578,768
88,902
Btock in U. 6. interior ports..
United Stf tea exports to-day.
34,000
50,000
812,250
174,000
329,000
84.000
572,659
800,630
74,679
93,711
15,000
10,000
268,000
American and other
follows:
American—
.
American afloat for Europe...
.
.
.
.
171,000
46,000
503,434
578,768
88,902
34,000
descriptions
are
as
.
.
.
117,000
52,831
94,362
74,575
164,000
144,000
379,000
511,402
204,000
268,000
572,659
74,679
15,000
104,417
40,000
39,656
.
140,000
33.250
48,000
100,000
19,000
161,000
221,000
329,000
800,630
93,711
10,000
207,000
21,500
92,250
40,000
50,000
268,000
29.500
132,750
174,000
84,000
378,424
340,250
410,750
688.250
.1,422,104 1,320,879 1,298,338
1,615,341
.
Total visible supply
Price Mid. Upl., Liverpool
1,800,528 1,661,129 1,709,088
2,303,591
67«d.
53gd.
6%1.
6716d.
indicate an increase in the cotton in
The above
3,782
4,086
2,691
2.102
3,069
1
15
"
22
“
29
T9.
“
19
26
Oct.
“
“
“
3
10
17
21
31
7
14
3.671
figures
night of 139,399 bales as compared with the same
an increase of
91,440 bales as compared with the
1,012
1,178
3,656
3,208
3.350
2,254
3,533
4,021
2,084
2,040
5,799
2,344
1,254
'572
7,962
13,883
30,059
9,279
2,516
64,664 I 98,224
41,609
39,882
70,166
90,512
65,427 174,583
the
|
old
interior
sight to¬
1878,
date of
at Inter’r Ports
1879.“
1877.
1878.
1879.
stocks
have
3,637
3,032
2,809
3,272
2,503
3,945
3,462
4,843
32,077
28,997
27,979
25,361
19,675
22,388
20,691
15,52S
14,410
13,966
13,049
11,477
7,463
7,301
9,598
8,346
26,750
13,920
47,431
30 054
16 272
4,875
15,494
12,527
11,005
12 109
5,699
15,784
18.033
22,472
1,733
2,644
4,335
5,885
4,657
Rec’ptsfrom Plant’ns
1877.
1878.
1879.
'
21,574
19,118
17,600
16,278
16,449
6,238
5,999
6,593
9,971 H
18 971
14 563
22.345
26,3'^
23,896
43,128
37,872
47,208
59,823
79.597
40,774
74*355 76,933 15,104
98,863 127,729 20,510
70,040 130,990 162,303 29,720
109,264 148,158 169,408 ' 41,891
135,054 160,233 181,714! 58.745
157,609 162,236 214,461 80,374
177,336 157,280 245,613! 105,814
198,776 182,874 225,081 126,620
194.571 176.004 220.216
97,887
52,207
68,913
81,227
95,993
115,034 115,735
119,498! 133,905
2,368
1,324
2,658
681
•
•
•
.
1,204
«...
4,384
3,645
1,243
1,119
2,149
410
2,549
5,460
16,378
1,126
3,013
6,056 30,136
11,932 50 423
21,177 81/761
48,534 110,358
79,250 140,326
121,435 160,773
151,908 180.007
179,238 180,526
202,776 174,427
219,582 217,338
1132.403'174.583'187.1261200.354
802
1,335
•
829
4,713
16 217
35 019
80! 266
144.607
173,730
186,114
194,028
229,227
205,355
243,257
201.089:273,437
Telegraph.—Our reports to night
indicate that in general the weather has
continued very favor¬
able the past week for
deve’oping and gathering the crop,
though there has been considerable rain on one or two
by
days at
points.
Galveston, Texas.—We have had mists on two
days the past
week, but no rain yef. All vegetation is
suffering
dreadfully,
and would long since have
perished but for the heavy dews.
The thermometer has
averaged 74, the extreme range having
been 69 to 80.
The rainfall for the week is
eight hundredths of
an inch.
some
Indianola, Texas.—There have been fogs, rather than
rain, on
three days of the week, the rainfall
reaching
five hundredths of
an inch.
The thermometer has
ranged from 67 to 83, averaging
75.
Cor sic ma, Texas.—We have had drizzles on
two days the past
week, with a rainfall of nine hundredths of an inch.
is
parching with drought.
Everything
Average thermometer 74, highest
87, and lowest 57.
Dallas, Texas.—There has been no rainfall
during the week,
and farmers are
greatly discouraged about wheat planting. The
thermometer has averaged 74, the
highest being 87, and the low¬
est 57.
Brenham, Texas.—We have had showers on two days, but not
enough
to do much good, and it is still very
compared with
dry. The autumn
1876.
drought has been the worst ever known. The thermometer has
At the Interior Ports the
ranged from 67 to 80, averaging 71. The rainfall for the week is
movement—that is the
receipts
and shipments for the
fifty
hundredths of an inch.
week, and stocks to-night, and for the
Neva Orleans, Louisiana.—It has rained
corresponding week of 1878—is set out in detail in the
during the past week
following on one day, the rainfall reaching thirty-eight
statement:
hundredths of an
inch.
The thermometer has
averaged 73.
date of 1877, and
a
decrease of 503,003 bales
as
corresponding
•
2,154
2,059
3,028
1,890
The above statement shows—
1. That the total receipts from the
plantations since Sept. 1 in
1879 were 1,847,263 bales; in 1878 were
1,533,104 bales; in
1S77 were 1,242,242 bales.
2. That the
receipts at the out ports the past week
were 229*216 bales and the
actual movement from
plantations
273,437 bales; the balance
being added to stocks at the in¬
terior ports.
Last year the receipts from the plantations for the
same week were 201,089
bales, and for 1877 they were 200,354 bales.
Weather Reports
142,000
.1,422,104 1,320,879 1,298,338 1,615.341
Fast Indian, Brasil, dc.—
3,676
3,299
“
“
688,750
40.000
4.404
8......
“
1878.
11
25....*.
“
1877.
5,949
5,287
18
A^g.
353,750
.1,800.528 1,661,129 1,709,088
2.303,591
.
••J
296,250
342
'
53,197
Receipts at the Ports. Stock
6,102
“
Nov.
I
j,
192,000
»
from the
4
“
“
Total continental ports...
1,203
2,500
2,436
2,054
6,708
RECEIPTS FROM PLANTATIONS.
1876.
371,000
21,500
317
following:
and consequently
1877.
2,050
895
2,561
3,000
1,191
1,147
1,436
Plantation^.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading,
as they are made up more
largely one year
than another, at the
expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the
to make the totals
1878.
5,739
25,545 104,417
2,551
3,500
130,522 104.453 187,126
Receipts
-night (Nov. 14), we add the item of
States, including in it the exports of
1879.
3,390
5,841
878
year.
12-35
Barely steady.
Thursday evening; hence,
2.193
4,154
45,376 bales, and are to-night 15,515
bales less than at the same period last
year.
The receipts at the
same towns have been
9,110 bales more than the same week last
of
this week’s
2,623
14,540
7,321
7,254
10,741
8,541
50.231
1,400
12,234
9,590
The above totals show that
increased during the week
*
-
Steady.
5,961
3,128
5,004
4,351
(
5,920
3,718
2,534
Estimated.
—
12-85 12-64; 12-68
12-97 ■12-76:12-81
1314 ■12-94I12-98
13-26
12-98 13-12
13-32 ■1304H3-21
200
1,526
1,875
Total, all
|
2,400 j
7,852
Charlotte, N. C...
3t. Louis, Mo
Cincinnati, 0
—
—
12-30
Friday only:-
§;:,
Bid. Ask
Cotton, as made up by cable and
The Continental stocks are the
figures
but the totals for Great Britain ar.d the afloat
are
88,902
Atlanta, Ga
Rome, Ga.*
follows.
for the Continent
39,794
Dallas,Texas*
.Jefferson, Tex.*..
31reveport, La
—
33; 12 70-12-20 12*67 68
12-77 78
61
12-90 91
76
13-01 03
85 13-10-12-7011310 13
The Visible Supply
telegraph, is
58,013
30 12-52-12 25 12-33 34
48j 12-85-12-37
43,903
Total, old ports.
Vicksburg, Miss..
Closing
Low.
24,564
2,066
10,623
3,540
—
Steady.
-13-01.
High.
3,527
5,035
—! 12 35-11-81 i 12*30
12-52 12-25 12-36 37
—12-4311-88 12-38 39 12-60 12-32112-41
12-58-12-05 12-54
12-73 12-48112 53
12-88
11-95
Tr. ord.
Closed.
Bid. Ask
jl2-27-ll-80|12-2S
T
12 03
Feb’ry. 12-40 1210I12 18
March.. 12-5512 32
April... 12-75 12-40112 40
May.... 12-83- 12-55 12 60
June... 12-93- 12-68
74
July... 1301- 12-80
83
August.
!
Low.
6,768
27,751
6,101
5,472
5.926
Columbus, Miss..
Eufaula, Ala
Grifliu, Ga
Higher.
For Day.
2,555
Receipts Skipm’ts Stock.
4,355
Selma, Ala
Memphis, Term,.
Nashville, Teun..
...
Friday.
Closing.
3,004
5,595
Stock.
ending Nov. 15, ’78,
—
55
70
83
94
12-00
Buoyant.
3,023
8.455
3.048
Week
7,469
3,576 .i
5,865
9,502
48,785
9,350
Montgomery, Ala
99
09
23
Strong.
Thursday.
Closing.
7.679
..
Easy.
ending Nov. 14, ’79.
Receipts Skipm’ts
Closing
1200 11-73
1209- 11-78!
12-23 12-00: 12*22
12-39- 12-15! 12-39
12*57- 12-30 12-53
12-69 12-47j 12-6S
12-74- 12-64( 12-81
12-72- 12-70; 12-90
11-60
Strong.
Week
■
High. Low. j Bid. Ask High. Ix/W.
Bid. Ask High. Low.
Bid. Ask
Nov’be r 11 09-11*55 i 1 l’C9
11-80 11-60 11-59 60 11-97-11-75 11-98 99
**
8.11.
—
[Vol. XXIX.
November 15,
THE CHRONICLE
Shreveport, Louisiana.—Telegram not received.
Vicksburg, Mississippi.—We have had sultry weather the
»past week, with rain on two days.
Columbus, Mississippi.—It has^rained during the week on one
day, the rainfall reaching twelve hundredths of an inch. The
thermometer has averaged 69, the
highest being 72, and the
lowest 67.
Planters are sending cotton to market
freely.
Little Rock, Arkansas.—Friday,
Saturday, Monday and Tues¬
day last were cloudy, but Sunday, Wednesday and
Thursday
were fair to clear.
There were light rains on three
days, the
rainfaU reaching ninety-two hundredths of an inch.
Average
thermometer 6S, highest SO, and lowest 60.
Nashville, Tennessee.—We have had rain on three days the
past week, the rainfall reaching two inches and forty-three hun¬
dredths. The thermometer has averaged 68, the
highest
78, and the lowest 44. Planters are sending their cotton to being
mar
ket freely.
V
Memphis, Tennessee.—Telegram not received.
Mobile, Alabama.—It has been showery three
days, the rain¬
fall reaching forty hundredths of an
inch, and the rest of the
week has been cloudy and warm.
The thermometer has aver¬
aged 70, with an extreme range of 58 to 80, The cause of the
smaU receipts this week is the low water in the
rivers.
Montgomery, Alabama.—The weather has been warm and dry
during the week, no rain having fallen. The thermometer has
averaged 71, ranging from 55 to 82.
Selma, Alabama.—There has been a light rain on one
day, but
the rest of the week has been
pleasant. About one-half the
crop
of this section has
showing the height of the
Memphis
Nashville
Shreveport
Vicksburg
Sept. 9, 1874, when
mark of
1871,
the
zero
of
April 15 and 16, 1874, which is 6-10tlis
of
foot above
a
16 feet above low-wate? mark at that
point.
Comparative Port Receipts and Daily Crop
or
Movement.—
A comparison of the
port movement by weeks is not accurate,
as the weeks in different
years do not end on the same day of the
month.
We have consequently added to oar
other standing
tables a daily and
monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the
First we give the
years named.
receipts at
each port each day of the week
D’ya
New
of
Or¬
we’k leans.
Mo¬
bile.
Bat.. 10,051
Mon 13,840
1,258
Tues 11,352
Wed 7,392
Thur 14,024
Fri.. 4,613
3,766
2.030
1,053
1.421
1,931
Char¬ Savan¬ Galleston. nah. vest’n.
3,078
2,782
2,342
3,315
2,971
3,741
6,381
9,143
6,238
7,011
6,402
7,357
movement each month
Monthly
Receipts.
2,056
6,560
1,720
3,917
3,839
2,700
Year
since
Nor¬
folk.
1878.
1877.
333,643
888,492
283,848
Total year 1,222,135
October..
All
ming¬ others.
14
ton.
3,955
637
1,146
6,356
5,792
6,116
4,828
4,117
827
3,310
1,2»7
2,078
2,639
2,194
23,562
46,584
32,849
32,278
36,503
810 13,141
43,440
785
824
5,210 29,558 220,216
Sept. 1 has been
as
follows:
8.
29,528
19,624
8.
44,599
37,092
35,431
27,963
40,324
27,149
53,835
26,9 45
56,343
38,913
22,825
22,974
25,987
20,851
33,221
28,463
29,215
S.
22,037
34,522
22,876
8.
8.
8.
28,641
28,714
20,604
28,411
17,955
27,018
976,323
29-87
week
Shipments since Jan.
Conti¬
Great
nent. Total. Britain.
3,000
2,000
3,000
3,000
7,000
3,000
1,000
7,000
3,000
Conti¬
1
1.
Total.
nent.
252,000 360,000
321,000 395,000
379,000 423,000
561,000 391,000
Receipts.
This
Week.
Since
Jan. 1.
612,000 6,000
838,000
710,000 4,000
882,000
802,000 7,000 1,048,000
952,000 13,000 1,055,000
According to the foregoing, Bombay appears to show an increase
compared with last year in the week’s receipts of 2,000 bales and &
decrease in the shipments of
bales, and the shipments fcince
January 1 show a decrease of 104,000 bales. The movement at
Calcutta, Madras, Tuticorin, Car war, &c., for the same week and
years has been as follows.
CALCUTTA, MADRAS, TUTICORIN, CARWAR.
Shipments this
Year.
Great
Britain.
1879
1878.
1877
1876
week.
Conti¬
2,000
1,000
1,000
4,000
1,000
9.000
10,000
RANGOON AND KURRACHEE.
Shipments since January 1.
Total.
nent.
3,000
3,000
Great
Britain.
Conti¬
246,000
140,000
79,000
130,000
70,000
51,000
139,000
Total.
nent.
99.000
376,000
210,000
130,000
238,000
The above totals for this week show that the
movement from
the ports other than
Bombay is 1,000 bales less than same week
of last yqar.
For the whole of India, therefore, the total
shipments this week and since January 1, 1879, and for the
corresponding weeks and periods of the two previous years, are
as
follows.
EXPORTS TO EUROPE FROM ALL INDIA.
1879.
Shipments
to all Europe
from—
Total
This
1878.
Since
Jan. 1.
week.
This
week.
1877.
Since
Jan. 1.
3,000
3,000
612,000
376,000
3,000
716,000
4,00Q
210,000
6,000
988.000
7,000
926,000
This last statement affords
total movement for the week
This
week.
8ince
Jan. 1.
7,000
802,000
130,000
7,000
932,000
very interesting comparison of the
ending Nov. 13, and for the three
a
that date, at all India ports.
Alexandria Receipts and
Shipments.—Through arrange¬
ments we have made with Messrs.
Davies, Benachi &
years up to
Liverpool and Alexandria,
we
shall hereafter receive
Co., of
weekly
cable of the movements of cotton at
Alexandria, Egypt. The
following are the receipts and shipments the past week, and for
the corresponding
weeks of the previous two years.
Nov. 13.
689,264
236,868
675,260
169,077
610,316
134,376
536,968
978,112
678,959
912,123
779,393
671,344
21*99
15-62
1859
44,3.14
31,771
35,213
8.
26,023
28,995
22,715
26,478
20,894
28,531
a
Alexandria, Egypt,
95,272
583,637
22-59
32,587
26,392
671,341
1,667,438 1,323,586 1,073,643 1,332,408
1,097,097
1879
1878
1877
1376
1.
1875.
’
S.
32,833
33,418
24,002
22,793
Shipments this
Total
1874.
19-20
This statement shows that
np to Oct. 31 the receipts at the
ports this year were 244,023 bales more than in
1878 and 543,176
biles more than at the same time in 1877.
By adding to the
12..%.
13....
46,584
32,849
32,278
36,503
43,440
779,393
18,611
30,115
33,481
22,674
35,041
S.
34,808
43,978
27,281
8.
All other ports.
1876.
Perc’tage of tot. port
receipts Oct. 31...
“
30,902
Bombay
Wil¬
Beginning September
1879.
Bept’mh’r
“
S.
30,964
27,896
23,380
29,632
49,349
28,562
SATURDAY, NOV. 8, ’79, TO FRIDAY, NOV. 14, *79.
Tot.. 61,272 11,459 18,229 12,532 20,792
31.164
The
“
21,848
46,140
38,310
Year Great
Brit’n.
ending to-night.
PORT RECEIPTS FROM
S.
912,128
29,119
13.
by telegraph,
high-water mark of 1871 until
gauge was changed to liigh-watei
2....
3....
“
4....
“
5....
“
6....
“
7....
“
8....
“
9....
“
10....
“
11....
“
678,959
31,773
29,165
33,775
1874.
BOMBAY RECEIPTS AND
SHIPMENTS FOR FOUR YEARS.
rivers at the points named at 8 o’clock
New Orleans reported below
“
978,112
27,243
1875.
complete India movement for each week. We first
give the
Bombay statement for the week and year, bringing the
figures
down to November
Nov. 13, 1879, and Nov. 14, 1878.
New Orleans
30,704
1876.
by cable each
during
averaged 68, ranging from
Nov. 13, ’79. Nov. 14, ’78.
Feet. Inch.
Feet. Inch.
BelowJiigli-water mark.. 13
10
13
10
Aboveuow-water mark...
Ill
5
5
Above low-water mark...
18
17
Above low-water mark...
Missing.
1
1
Above low-water mark...
4
1
Missing.
Nov. 1
1877.
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our
previously-received
report from Bombay, to furnish our readers with a full and
rainfall
received
Tot.Oct31 1,222,135
24-70
33 00
26 18
27-92
This statement shows that the
receipts since Sept. 1 up to
to-night are now 338,852 bales more than they were to the same
day of the month in 1878, and 593,799 bales more than
they
were to the same
day of the month in 1877. We add to the last
table the percentages of total
port receipts which had been
received to Nov. 14 in each of the
years named.
India Cotton Movement from all
Ports.-—The figure3
which are now collected for us,
and forwarde 1
Macon, Georgia.—Telegram not received.
Columbus, Georgia.—There has been no rainfall at this point
-during the week. The thermometer has averaged 78.
Savannah, Georgia.—It has rained
during the .past week on
four days, the rainfall
aggregating twenty hundredths of an
inch, but the balance of the week has been pleasant,
though
warm.
Average thermometer 68, highest 81, and lowest 56.
Much damage has been done
by rains and caterpillars in South¬
ern and
Southwestern Georgia, but the other
portions of the
State report crop prospects
good.
Augusta, Georgia.—The weather during the week has been
warm and
dry, and picking is progressing finely. About threequarters of the crop in this section has been
picked and nearly
one-half marketed, but planters are now
holding
on to their cot¬
ton for better
prices. The thermometer has averaged 67 during
the week, the highest
point touched having been 81, and the
lowest 57.
the past week.
The thermometer has
49 to 78.
The following statement we have also
1878.
p’rt rec’pts Nov. 14
been marketed.
has fallen on three
days the past week.
The thermometer has
ranged from 82 to 88, averaging GO. About
one-half of the crop here
has been picked, and cotton is being
forwarded to market freely.
no
1879.
Percentage of total
now
has been
above totals to Oct. 31 the
daily receipts since that time, we
shall be able to reach an exact
comparison of the movement for
the different years.
Total
Madison, Florida.—Rain
Charleston, South Carolina.—There
517
1879.
1878.
1877.
Receipts (cantars*)—
This week....
Since Sept. 1
Exports (bales)—
To Liverpool
To Continent
Total Europe
*
A eantar is 98 lbs.
180,000
1,120,000
100,000
480JXM)
160,Of a
1.019.0CO
This
week.
Sept. 1.
9,000
5,033
68,606
23,458
7,000
2,000
35,500 12,000
10,500j 11,000
14,033
92.064
9.000
46.000' 23.000 106.QOO
Since
This
Since
week. Sept. 1.
This
week.
Since
Sept. 1*
76,000
30,800
CHRONICLE.
THE
New Orleans Department
This statement shows that the receipts the past week have
“been 180,000 cantars, and the shipments to all Europel4,033 bales.
Manchester Market.—Onr market report received from
Manchester
to-day (Nov. 14) states that there is a moderate busi¬
ness at an advance on last week’s quotations.
We leave previ¬
ous weeks’ prices for comparison.
814 lbs.
32s Cop.
Twist.
d.
Sept.
12 878
“
“
19
26
Oct.
“
878
878
d.
Shirtings.
d.
s.
®912 6 3
@9*2 6 3
'2>91i2 6 3
s.
d.
@76
@76
@7 6
@7
3 8i&ie-97ie 6 3
10 9
@9®8 6 4i$ @7
6
9l10 _ll16 6 49i«@7
9*6 ®9% 6 4i2 @7
9
“
17
“
24
“
31
Nov. 7
“
14
9^
9i8
914
Cott’n
32a Cop.
Mid.
Twist.
@934 6 4^ @7
@93* 6 4*2 @7
@7
@978 6 6
7^2
71-2
7^
7Lj
9
Uplds
d.
d.
d.
2“16
678
733
63*
678
Shirtings.
Uplds
8.
5
5
5
5
5
5
5
5
5
5
6i316 8^@9i4
6^8
65s
6^8
6ihe
8*4 lbs.
Cott’n
Mid.
•
S:11}@918
838®9
838®9
8H®9
8l8®878
8 @838
73*@8i2
7 78 ® 8
77s@83*
d.
9
9
d.
6*2
7*2
67ie
7Lz@7
7^
7%
6?ie
6
6
d.
9
9
9
9
s.
@7
@7
@7
@7
@7
4!^@7
4!^@7
6
6
@7
@7
4^
4^
4^2
4^
6°10
63i0
6
^16
54
55s
Cotton Crop According to the Cotton Exchanges.—Our Cot¬
Exchanges have this week issued their November reports. We
give them in full, and also give a digest of them. What kind of
ton
crop do they indicate,
to determine, for the
usual a question not perfectly easy
reports, while stating the increase or
decrease by counties, fail in many cases to furnish an average
for the State or department. We have, however, attempted to
average each State, as near as we could do so, from the percent¬
ages given, and in that way have reached the following result.
a
Of
readers
is
as
not to understand that the
figures we
give are in any particular what we suppose the crop is to be;
they are simply the nearest interpretation we can get at of the
meaning of the Cotton Exchange reports.
course our
Yield by
States,
States.
1878-79.
N. Carolina.
S. Carolina *
220,COO
370,000
Georgia...
680,000
Florida*
Alabama
55,000
625,000
644,100
635,000
..
..
Mississippi
Louisiana
Texas
Arkansas
.
.
Tennessee.
are
Yield Compared
with Last Year.
14 per ct. less.
10 per ct. less.
10 per ct. less.
Same.
13 per ct. less.
8 per ct. more.
Estimated
Yield,
1879-80.
189.200
333,000
612,000
55,000
543,750
lO^perct. more.
695,520
701,675
24 per ct. less.
6 per ct. more.
15 per ct. more.
672,600
614,800
435,850
885,000
580,000
379,000
5,073,000
Total.
Less
than
1878-79.
More
than
1878-79.
30,800
37,000
68,000
8i’,250
2 i 2,400
51,520
66,675
34,800
56,850
429,450
209,845
*
We have estimated South Carolina 10 per cent less. Last month the
Report said 22 per cent less. Florida we have left same as last year,
and there is no report this month.
readers will compare these
figures with our digest of
they will find that this estimate is about
250,000 bales larger than the one for October, the total then
being 4,601,810 bales, and now 4,853,395 bales. Last month the
returns also gave the yield per acre of seed cotton, and we
furnished our readers an interpretation on that basis, showing
a crop of 5,013,571 bales.
These reports contain no such data,
so that we can make no comparison with those figures.
If
our
last month’s reports,
Ellison & Co.’s Annual Circular.—We omitted last week to
call attention in our cotton report to the annual circular of
Messrs. Ellison & Co., which we published in full in our edit¬
orial columns. As some of our cotton readers may have failed
it, we would refer them
pages 474-481.
to
see
Cotton
Exchange Reports
now
for
to last Saturday’s paper,
November 1.—We
below, in full, the Cotton Exchange reports for Nov. 1
Questions.
probably be finished in your section ?
5. How will the yield in your section compare with last year ? State
probable increase or decrease per acre.
6. State any material facts regarding the yield or gathering of the
crop not covered by the above questions.
Galveston
Department
the Stale of Texas, and was prepared and issued
le
Texas.—139
answers
from 90
by the Galveston
counties; average date Oct. 31.
.1.—As to the character of the weather since October 1, 138 report it
favorable, and 1 unfavorable. 2.—As to the character of the weather
for gathering the crop compared with last year, 132 report it more
favorable, 5 the same, and 2 more unfavorable. 3.—To our third ques¬
tion, 42 report no frost, 97 report frost; it appeared between the 16th
and 27th of October. A number of replies state the frost was
severe
enough to kill the top crop. Many report the frost as being light, and
doing no serious damage. 4.—In answer to our fourth question, 23
report the crop all picked, 60 report seven-eighths picked, 39 report
three-fourths picked, 12 report two-thirds picked, and 5 report one-half
Sicked. They reply that picking will be finished between the 15th of
ovember and 15th of December. 5.—As to the yield
compared with
last year, 20 report it the same, 15 an increase from one-fourth to three^fourths, 6 report three-fourths less, 38 report one-half less, 30 report
^ «jTLe-third less, and 30
report one-fourth less. The weather has been
4ry and very favorable for saving the crop.
,
i
pre¬
and A. L. Browne.
replies from 29 parishes;
average
date Oct. 81*.
The weather is reported as having been very fine throughout the
month. A general frost occurred about the 23d of October, but caused
little or no damage. The proportion picked averages about 70 per cent;
two parishes report picking finished; the balance will finish about the
10th of December. Thirty replies show an average increase in the
yield, as compared with last year, of 23 per cent; ten report an average
decrease of 26 per cent; one gives the same yield as last year, and
24 make no report as to either increase or decrease.
Mississippi.—78 replies from 31
counties; date ranging
from Oct. 28 to Nov. 4, averaging Oct. 31.
The weather has been exceedingly favorable to the crop, and, com¬
pared with last year, decidedly better for gathering it. A light frost
appeared throughout the State on the 22d of October, but caused no
damage. Seventy per cent of the crop is picked, and picking will be
generally finished about Dec. 10. Thirty-nine replies show an average
increase in yield, as compared with last year, of 21 per cent, 13 an aver¬
age
decrease of 16
per
cent, and 26 report the yield
as
about the
same as
last year.
Arkansas.—43
Oct. 31.
answers
from
23
counties;
average
date
The weather
during the month has been dry, and for gathering the
favorable ever known. A light frost was reported about
this occasioned no damage. The ave: age of the crop
picked is about 65 per cent, and picking will be finished by or about
Dec. 10.
Twenty-four of our correspondents report an increase in
yield, compared with last year, of 21 per cent, 9 a decrease of 28 per
cent, and 10 report the same as last year.
crop the most
the 24th, but
Mobile Department
the Slate
of Alabama as far north as the summit of the Sand.
Mountains, and the following Counties in Mississippi: Wayne, Clark,.
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,.
Prentiss, Alcorn and Tisbamingo. The report is prepared and issued by
the Mobile Cotton Exchange, through their Committee on Information
and Statistics, composed of T. K. Irwin, Chairman; Julius Buttner, SHaas, G. Thos. Cox aud G. L. Hopkins.
covers
Alabama.—65
replies from 37 counties.
The weather during October is generally reported as having been wet
and unfavorable, ana in some instances causing cotton to sprout that
had fallen on the ground. Four northern counties report the weather
more favorable than last year, but all the others report less favorable.
Light frost all over the State, but little or no damage therefrom. In 20
of the rno-t productive counties about 75 per cent of the crop has been
picked, and in the remaining 17 counties 58 per cent. Picking will be
finished about December 1. Iu the 20 counties noted above the yield isestimated about 12 per cent less than last year and iu the other 17
counties 15 per cent less.
Mississippi.—32 replies from 18 counties.
The weather during October is reported as bavin* ? been favorable in
14 and wet and rainy iu 4 counties, and as compared with last year about
the same to more favorable in 12 and less favorable in the
the other 6>
counties. No frost is reported. In 9 counties of the largest production
72 per cent of the crop has been picked and in the other 9 counties 6G
per cent. Picking will be finished about December 1. In the 9 best
counties noted above the yield is estimated at 5 per cent more than last
year and in the other 9 counties 8 per cent less.
Savannah Department.
the State of Georgia and the State of Florida. The
report is prepared and issued by the Savannah Cotton Exchange, through,
their Committee on Information and Statistics, composed of J. H. John¬
ston, Clavius Phillips, J. J. Wilder, L. G. Young and F. R. Sweat.
This report covers
Georgia.—93 replies from 55 counties.
The weather during the month of October was cloudy and rainy until
about the 24th, after that clear; and on the whole was less favorable
than last year for gathering the crop. There was a light frost in the
upper counties of the State on the 25th, but the damage was very s.ight.
About one-half of the crop has been picked, and picking will be finished
from the 1st to the 20th of December.
No estimate of the yield of thisState can be made at this time. Much depends upon the weather during
the next ten days or two weeks; since the 25th of October It has been
clear, and favorable for opening the matured bolls. In Southern and
Southwestern Georgia the prospect is 25 per cent below the yield of last
year, while in Upper Georgia tbe farmers are very hopeful that the out¬
turn will equal or exceed last year.
The temperature during the month
of October was warm and sultry, and the continued rains, while
they
cotton, delayed piecing aud retarded the open¬
ing of the bolls, yet had the effect of pushing rapidly to maturity
the young green bolls of the top crop;—so much so, that in various sec¬
tions many reports insist that, with a favorable season and delayed
frost, the yield from this late cotton will not only equal but may exceed
the amount gathered from the balance of the plant. Atop crop, how¬
ever, is not general throughout the 8tate. No top crop or second growth
can be found on sandy lands injured by rust, or iu Southern
Georgia,,
where the caterpillar appeared.
Florida.—16
replies from 11 coimties.
Not a sufficient number of replies were received from the upland dis¬
trict upon which to base a report. Iu the sea island section the weather
has been too wet aud less favorable than last year for gathering the
crop. No frost has occurred, and the weather since the 25tli has been
clear. This crop will be inferior in quality to the last, but, taking into
consideration the increased acreage, the yield is not apt to fail below
that of last year.
The Norfolk Cotton
^
report is
pared and issued by the New Orleans Cotton Exchange, through tneir
Committee on Information and Statistics, composed of Wm. A. Gwyn,
Chairman, Chris. Chaffe, Jr., W. H. Hawcott, W. A. Peale, Chas. Holland
publish injured the quality of the
1. What has been the character of the weather since Oct. 1 ?
2. Has the weather been more favorable or less favorable than same
time last year for gathering the crop 1
3. Have you had frost in your section ? If so, on what date did it first
appear, and what damage, if any. has been done by it to the crop 1
4. What proportion of the crop has been picked, and when will
picking
covers
the Mem-
Louisiana, and
Louisiana.—65
1878.
1879.
[ /ol. XXIX.
Norfolk Department.
Exchange, through their Committee
on Information
and Statistics, composed of George L. Arp, Chairman, R. P. Barry, and
John N. Vaughan, issues the following report, covering the Slate of
Virginia, and the following Counties in North Carolina: Rutherford,
Lincoln, Catawba, Rowan, Davidson, Iredell, Burke, Wilkes, Caldwell,
Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey, Rockingham,
Caswell, Person, Granville, Warren, Franklin, Nash, Wake, Hyde, Pitt,
Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin, Bertie,
Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northampton
and Halifax.
*
North Carolina and
Virginia.—62 replies from 21 counties.
The general character of the weather since October 1 has been dry
and warm, and more favorable for gathering the cotton crop than last
year. A general frost was experienced ©n the night of the 24th October,
doing considerable damage to the late bolls. About 70 to 80 per cent of
the crop is reported as having been picked, and picking will be complet¬
ed about the 15th to the 20th of November. Of 62 replies from 21
counties, 11 show an increase and 51 show a decrease in the yield; fhe
average
decrease being 14 per cent.
THE
1879.]
November 15,
CHRONICLE.
2. Frost.—106 report frost having occurred
none; 104 report no damage, 4 very slight.
Oct. 23.
Memphis Department
of Tennessee, west of the Tennessee River, and the fol¬
lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall.
oarers
the Slate
619
3.
Harvesting.—The
at frora 15th to 25th, 2
Average date of frost,
average proportion of the crop picked out is 55
De Soto, Tunica, Benton ana Tippah, and the State of Arkansas north of
the Arkansas River. The report is prepared and issued by the Memphis
Cotton
Exchange, through their Committee on Information and
Statistics, composea of John 8. Toof (Chairman), W. B. Mallory, A. C.
j^er cent; picking will be extended to from Dec. 1 to Jam. 15, averaging
Treadwell, W. H. Goodlett, T. H. Hartmus, Win. Bowles, Sr., and Z. N.
15 per cent
1.Weathr—103
4. Yield.- The
Estes.
West Tennessee.—38 responses.
Weather—36 report the weather for month of October as having been
very favorable in all respects for maturing and harvesting the cotton
crop; 2 report too much rain ; 30 much more favorable thfcn last year,
6 about same, 2 not so favorable. Frost—All report frost having oc¬
curred from 23d to 25th; 37 that no damage was done to the crops;
1 reports very slight damage. Harvesting—From 10 to 75 per cent of
■crop is reported picked out, averaging 47 per cent; date of completion
is given at from Nov. 25 to March 1, averaging Dec. 20. Crop yield is
variously estimated at from about same as last year to 33 per cent
Increase, averaging 18 per cent greater yield than in 187S. Labor—All
report laborers working well, and contented; 37 that they are not making
any demonstration toward emigration; 1 reports that there is—this
near
Lagrange.
North
Mississippi.—32
responses.
Weather—20 report weather very favorable in all respects, 3 too much
.
rain ; 26 report much more favorable than hist year, 3 about same, 3
not so favorable. Frost—All report frost as having occurred on 20th to
•26th of the month; 29 report no damage, 3 slight damage to bottom
cotton. Harvesting— From 25 to 75 per cent of the croD (averaging 54
per cent) is reported picked out, and that picking will be completed
from Dec. 1 to Jan. 15, averaging Dec. 17. Crop yield is variously esti¬
mated at from 20 per cent less to 50 percent greater than last*y«ar>
averaging 8 per cent increase. Labor—28 report laborers working well,
4 only moderately well; 25 report that there is no sympathy in the em-
gratior movement; 7 report that there is much talk of it with them.
Arkansas.—38 responses.
Weather—All report the weather remarkably favorable in all respects
for maturing and harvesting the crop; 36 much better than last year; 2
about same. Frost—36 report having occurred from 15th to 24tb; 2
report there had been none; a>l report no damage. Harvesting is various¬
ly reported at from 33 to 75 per cent completed, averaging 55
per cent;
that picking will be extended to from Dec. 1 to Jan. 15, averaging Dec. 19.
Yield is variously estimated at from 33 per cent less to 100 per cent
greater than last year, averaging 171st per cent greater than last year.
Laboi—36 report laborers working well, 2 not well; 36 report that there
is no prospect of their emigration, 2 that there will be.
Agar regate.—108 responses.
report the weather very favorable in all respects for
maturing and harvesting the cotton crop; 5 report too much rain as
compared with October, 1878; 92 report much more favorable, 11
about same, 5 not so favorable.
SUMMARY
Replis. Counties.
Galveston.
All of Texas 139
NATIONAL
132 more favorable.
5 same.
2 less favorable.
138 favorable.
1 unfavorable.
90
No comparison
made.
78
31
Exceedingly
43
23
Dry.
Part of Ala.
65
37
Wet and unfavor¬
able.
Part of \
Mis’sippi. 5
32
18
93
55
Part of
)
Arkansas
>
Mobile.
Savannah.
All
Georgia
Decidedly better.
favorable.
14 favorable.
4 wet.
Most favorable
ever
known.
Northern
more
ance
counties
favorable, bal¬
leas favorable.
Cloudy A rainy to On the whole less
favorable.
24th, then clear.
|
Carolina.)
Memphis.
W. Tenn
No. Miss...
N. E. Ark..
...
38
Dry and warm.
21
....
32
38
Nashville.
Mid. Tenn.
16
11
North. Ala.
23
11
increase,
as
say on
a
2.—13
been good; 2 say some bad
favorable; 3 say less favorable. 3.—11
the 24th, 2 on the 26th; all say no damage, rather
about one-half picked, 4 two-thirds, 3 about one-
answer more
the 25th, 3
on
4.-9 say
third, and will finish from 1st to 15th of December.. 5.—1 answer*
double; 10 answer twenty-five per cent more, 1 seventy-five per cent
more, 4 about same.
6.—All answer the fall has been favorable for
maturing and gathering; the prices have stimulated! the tenants to
work
well, and
larger per cent of the
a
order.
North Alabama.—23
1.—16
crop
will be gathered in good
replies from 11 couniiieflk.
that the weather has been
good; 7 unfavorable 2.—15
favorable; 8 less favorable. 3.—All answer about the
25th, and no damage, but a benefit. 4.—17 say about one-half picked, 6
two-thirds; will finish from 1st to 15th of December. 5.—11 answer
about same, 9 twenty-five per cent less, 3 about ten per ©ent better. 6.—
Some complaints of bad weather; 4 report crop damaged by storms; all
say that good prices have stimulated the hands to work well and gather
the crop in good condition; one complains of scarcity of hands in hi*
answer
answer
more
REPORTS
CROP
cent. Average, 24 p. ©. less. N«v. 15 to Deo. 1.
Average, 70
per
cent.
Average. 70
per
cent. Average, 8
Light frosts 24th, but Average, 65
no damage.
per
cent. Average, 6 p. c. more.
General frosts about
23d.
Little or no
Average, 10*»
cent
damage.
Light frosts 24th.
No damage.
Little or no
from light
damage 75
58
frosts.
p. c.
p. c.
72 p. c.
66 p. c.
on
p. e. more.
parishes finish’d.
27 by Deo. 10.
By December 10.
5 p. c. more in 9 co’s.
p. o. less in 9 co’s.
in 9 counties.
About 50 per cent.
About Dec. 10.
December 1.
December 1.
less in S. and
S.W.Ga. N.Ga., about December 1 to 20.
same
or more.
uplands.)..
Oct. 24th, doing con¬
siderable damage to
late bolls.
70 to 80 per ceDt.
15
About 25th; no dam¬
age, but benefit.
Average about 60
per
Average, 40 p.c. more.
cent.
Dec. 1 to 15.
>4,
per
cent.
Average, 10 p. c. less.
Exports or Cotton (bales) from Nsw York since
Week ending—
Exported to—
Nov. 15 to 20.
Average, 15 p.c. more. Average, Dec. 19.
16 good.
7 unfavorable.
an
Average, 14 p. c. less.
55 per cent.
Average about 60
Cotton from New York this week show
2
in 9 counties. 8
25 p. c.
Light frost 25 th.
per
more.
in 20 counties. 12 p. c. less in 20 co’s.
in 7 counties. 15 p. o. leas in 17 co’s.
About 25th; no dam¬
age, but benefit.
favorable.
favorable.
When picking will
be finished.
per
13 more favorable.
3 less favorable.
more
1879.
Average, 83
14 say good.
2 some bad.
8 less
1,
Yield compared
with 1878.
November 1.
97 frosts.
(No report
More favorable.
NOVEMBER
FOR
Percentage picked
92 much more fa¬ 106 frost 15th to 22d
103 very fav’rable
vorable.
October.
2 no frost.
5 too much rain. 11 same.
5 not so favorable. Little or no damage.
op
replies from 11 counties^
that the weather has
answer
benefit.
42 none.
compared with last week, the total reaching 19,364
against 12,779 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1879, and in the last column the total
for the same period of the previous year.
bales
Middle Tennessee.—16
1.—14
weathor.
Frosts.
Etc.—Bagging has been taken fairly
during the week both in a round way and in jobbing parcels.
The market is ruling firm, with holders quoting 10c. for If lbs.
and 10£c. for 2 lbs.
The sales are 1,500 rolls of various weights
within the range.
Butts have been taken freely at firm figures.
The Cory phene and City of Benares are to hand with 5,035 bales,
but nearly all of these parcels had been sold previously.
The
sales on spot and to arrive foot up 10,000 bales at 3@3£c. for good
paper quality and
c. for spinning grades.
At the close the
market is strong at 3£@3£c., as to quality, and the tendency is
upward.
The Exports
Middle Tennessee east of the Tennessee River, Midi the following
Counties of A labama:—Lauderdale,
Franklin. Colbert, Lawrence,
Morgan, Limestone, Madison, Marshall, Jackson, DeKalb
Cherokee.
The report is prepared and issued
by the Nashville Cotton Exchange,
through their Committee on Statistics and Information, composed of
Leonard Parkes, Chairman, B. Lanier and P. Dobbins.
covers
EXCHANGE
Gunny Bags, Bagging,
'
working well; 10 report no disposition to emigrate, 1 that there is.
Nashville Department
Slight damage.
Norfolk.
62
North 41abama.—11 responses.
Same in 12 counties,
less favorable in 6.
-
Florida....
Va. A No.)
per
Weather—All report the weather very favorable, 8 more favorable
than lust year, 3 about same. Frost—All report the occurrence of frost
from the 23d to 2s>th; 10 report no damage. 1 slight damage. Harvest¬
ing—Picking has been done from 25 to 66 per cent, averaging 51 per
cent, and will require from Dec. 1 to 30, averaging Dec. 121© complete.
Yield is estimated at from 10 per cent less to 25 per cent greater than
last year, averaging 3 per cent greater. Laboi'—Alt report laborer*
with 1878.
Very fine.
Mis’sippi. 5
COTTON
gathering compared
29
1
averagikr
increase.
5. Labor—102 report laborers working well, 6 bnt
moderately well;
98 report them as contented, with no desire to emigrate; 10 mention
that there is some discussion of the subject, but without a ixed deters
mination to emigrate.
Weather for
Weather in
October.
65
Part of
i
greater than in 1878,
neighborhood.
OF
N. Orleans.
All Louis’a.
yield of cotton is variously estimated! at from 33
cent less to 100 per cent
Oct.
Oct.
22.
29.
Nov.
5.
Nov.
12.
Dec. 1 to 15.
Sept. 1,1879.
Same
Total to period
date. previ’ua
year.
9,359
2,813
5,788 17,350 131,997
2,880
92,729
2350
9,359
2,813
5,788 17,350 134,877
95,570
Havre
Other French ports
2,431
1,660
2,615
540
14,513
4,412
Total French
2,43 L
1,660
2,615
540
14,513
4,412
960
514
11,052
4,232
4,665
2,017
423
17,301
5,0S8
Liverpool
Other British ports
Total
to
Great Britain
Bremen and Hanover
1,651
1,299
2,822
Hamburg
Other ports
1,255
300
1,319
400
235
Total to North. Europe
2,906
1,999
4,376
....
1,474
Spain, Op’rto, Gibralt’r,Ac
All other
2,956
Total Spain, &c
2,956
Grani> Total
14,696
2,956
......
2,956
9,428 12.779 19,364 169,647 105,070
520
rHE
CHRONICLE.
RECEIPTS AT NEW YORK, BOSTON, BALTIMORE AND PHILADELPHIA.
34.578910Anuot
New York.
Receipts
from—
Boston.
j Since
This
week.
;Sept. 1.
4,284' 31,098
Texas
Savannah
Mobile
Florida.
S.Cur’lin
NCar’lina
5,798; 37,641
7,668; 70,024
This
week.
1,317
| Since
This
Liverpool.—By cable from Liverpoo1,
statement of the week’s
Baltimore.
Philadelphia.
Since
This
208
11,174
6,230
1,311
39,524
1,325; 12,844
225
iNortb. pts
2,568
5,G36, 28,598
Tenn., die.
Foreign..
j
2f14i
3,208
12,803
32,194
13,284
3,113
27,144
This year. 42.153 297,213
1
9,779
651
4,127
657
2,743
26,745
4,071
i.,903
722
83,315
12,343
2,171 18,573
6,690
46,899
Lastyear. 28.649284,048 9,583i 65,311 2,653 18,919 7,325| 50,933
Shipping News.—The exports of cotton from the United
Etates the past week, as per latest mail returns, have reached
131,917 bales.
With regard to New York,
fests of all vessels cleared up
include the mani¬
to Wednesday n;ght of this week.
we
Total bales.
New York—To Liverpool, per steamers Ptolemy, 918...Horrox,
City ot' London, 5,010
Adriatic, 1,394
Both¬
nia, 935—Egypt, 2,296
Spain, 2,483
Nevada, 1,060
579
..-..Britannic, 753
Lascelles, 1,924
To Havre, per steamer France, 143
Cimbria, 397
To Bremen, per steamer Rhein, 960
To Hamburg, per steamer Frisia, 514
New Orleans—To Liverpool,!per steamers Jamaican, 3,900—
17,350
540
960
514
Asbburne, 7,120
Ben Cruachan,
Carolina, 4,286
.Athens, 6.500
25,596
To Havre, per steamer Acton, 4,707... per ships lie Marthe,
Lyle, 4,438
13,726
To Antwerp, per steamer Wheatfleld, 498
498
To Barcelona, per barks Antonia Batet, 100... .Preciosa, 202
per brig Ma
Maria, 9oO
1,202
To Vera Cruz, per steamer City of Mexico, 319.
319
Mobile—To Liverpool, per ship Flying Foam, 4,617
4,617
Charleston—To Liverpool, per barks Delaware, 1,056 Upland
and 40 Sea Island
of
Telegraph, 925 Upland
Duchess
Lancaster, 1,164 Upland
To Amsterdam, per bark Shooting Star, 1,800 Upland
Port Royal—To Liverpool, per steamer William Symington,
5,602 Upland
Savannah—To Liverpool, per steamer Naples, 6,513 Upland
To Bremen, per steamer Cohanin, 4,451 Upland ....per bark
3,185
1,800
5,602
6,513
Agnes, 3,075 Upland
7,526
To Reval, per steamer Glenisla, 4,275 Upland
4,275
Texas—To Liverpool, per barks Brakka, 1,211
Inveresk,
2,819
Mentone, 2,600
per brig Alkor, 850
7,480
To Havre, per bark Cortez, 1,107
1,107
Wilmington—To Liverpool, per bark Resolute, 599—per brigs
Bosbemmeren, 800
Anna, 1,038
2,437
Norfolk—To Liverpool, per steamers Emiliano, 5,000
Pro¬
pontis, 6,154
per ship Northumbria, 4,670
15,824
Baltimore—To Liverpool, per steamer Caspian, 1,179 and 264
bags Sea Island
1,443
BOSTON—To Liverpool, per steamers Brazilian, 2,503
Atlas
578
Minnesota, 1,059
Istrian, 1,655
5,735
Philadelphia—To Liverpool, per steamers Ohio, 1,188.. .British
Crown, 1,506
2,094
Ban Francisco—To Liverpool, per ship John A. Briggs, 14
14
(foreign)
Total
The
particulars of these shipmeats, arranged in
form, are as follows:
Bremen Amst’din
Liver-
& Ham-
pool.
Havre, burg.
New York... 17,350
540 1,474
N. Orleans ..25,596 13,726
Mobile
4,617
Charleston.. 3,185
Port Royal.. 5,602
Savannah
6,513
7,526
Texas
7,480 1,107
Wilmington
2,437
Norfolk
15,824
& AntBarce
werp. Reval. Iona.
our
Vera
Cruz.
1,202
319
1,800
4,275
...
.
Baltimore
.
.
1,443
5,795
Philadelphia 2,694
41,341
4,617
4,985
5,602
18,314
8,587
2,437
15,824
5,795
..
1 i
2,G94
14
Total... 98.550 15,373
Below
Total.
1,443
'
Boston
S. Francisco.
131,017
usual
19,364
498
9,000
2,298
4,275
1,202
319 111,017
give all news received to da.e of disasters to vessels
carrying cotton from United States ports, etc.:
Arizona, steamer (Br.), Guion Line, from New York, Nov. 4, for Liver¬
pool, on the 7tli, when in lat. 47, Ion. 45, West, struck a large ice¬
berg, which stove in her bows, and she put into St. Johns, N. F.,
Nov. 9. No injury has been sustained by either the passengers,
cargo.
ing.
She will probably be detained three weeks, repair¬
Effective, steamer (Br.), Cumming, from Galveston for Reval, put into
Halifax, Nov. 8, short of coal.
Lahtington, steamer (Br.), Metcalf, from New Orleans, for Bremen,
ten days out, arrived at Halifax night of Nov. 5, short of coal.
Trafalgar, steamer (Br.), at Liverpool, Oct. 25, from Savannah, fouled
the schooner City of Perth (of Liverpool) in the Mersey, carrying
away her rigging and a portion of bulwarks. The steamer, in
avoiding another collision, grounded with her forefoot, but floated
off soon after without any apparent
damage beyond a portion of
rail carried away.
Cotton
Oct. 24.
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
-
freights the past week have been
as
follows:
Mon.
Tues.
Wednes.
Fri.
38,000
4,000
20,000
6,000
5,000
273,000
142,000
81,000
73,000
3,000
238,000
215,000
3,000
273,000
226,000
Nov. 14.
56,000
8,000
39,000
6,000
2,000
296,000
166,000
82,000
66,000
82,000
10,000
51,000
7,000
10,000
288,000
171,000
72,000
57,000
5,000
359,000
320,000
4,000
277,000
236,000
Market,
12:30 p.m.
?
Steady.
J
Mid. Upl’ds
Mid. Orl’ns.
Market.
and
firmer.
634
Firm.
6l3i6
615ig
67e
Buoyant.
r
67s
7
7
7i8
Easier.
Quiet.
61616
7!i0
678
7
(
5 P. M.
)
Sales
8,000
1,000
Spec.«fc exp.
Futures.
Market,
5
Friday.
Active
P. M.
15,000
15,000
20,000
3,000
10,000
3,000
5,000
2,000
8,000
1,000
-
r
Firm.
J
Firmer.
Firm.
Weak.
Steady.
—
The actual sales of futures at Liverpool, for the same week, are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
Delivery.
d.
Nov.... 69) 6® iy32® °8
®2132
Nov -DecGi5^®^®!7#)
Dec.-Jan .67ie5'1c®1732
Jan.-Feb. 6716 ft *2 ®1732
Feb.-Mar... 6i532®i2
Sl732
Delivery.
d.
Delivery.
MaF.-Apr.612^l732ft9i0 June-July
Apr.-May
May-June
Nov.-Dee
Feb.-Mar
d.
62332
Shipments.
n.cp, sl.6i732
Nov.-Dee., n. crop,
sail
6i732
Dec.-Jan., n. crop,
sail
6i732
65s®2l32 Oct.-Nov.,
6yi6
6y16
6I&32
Mar.-Apr
May-June
6ni8
Monday.
Delivery.
Nov
Nov.-Dec
Dec.-Jan
Jan.-Feb.
Feb.-Mar
Delivery.
June-July
Gi3i«
®2732®78
63*
6582/2132
Jan.-Feb
Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
Feb.-Mar
6^
.6°8S2132S58
62i32
Mar.-Apr.. .62130®!Ge
April-May. ..62o32®3i
May-June
634®13ie
.
—
6i9H2
62332®34
6®8® iy32
09jft
69i6®19;32
..658
Delivery.
Mar.-Apr
May-June
Nov
Nov.-Dee
62132
62532
62332
65e
61832
6llie
Feb.-Mar
Apr.-May
May-June.. ..G2332®%
Tuesday.
T)p1 irern
Delivery.
678
62332® %®2532 July-Aug
658
Nov.-Dec.6©i6S 1932S 58 Jan.-Feb
Dec.-J an
6yie ®1y32 Mar.-Apr..
6ui6
Jan.-Feb
6yi«®iya2 NOV
61316 o2732
Feb.-Mar-G^ieSi^oS^ Nov.-Dee.. .62i32®iii6
Mar.-Apr
62i32 Dec-Jan.658ft2l32ft11 is
Jan.-Feb
April-May
6H]«
.6iiie
®2332ft 3^ Feb.-Mar.. -6Hi6®2332
Mar.-Apr
6%
May-J une... 6 ®253o
62332
®1316 Apr.-May
678
June-July
62732 Juue-July
NOV
Delivery.
678®2732
Dec.-Jan
62i32
Jan.-Feb
62Ua
NOV
Nov
Dec.-Jan
67g
9
..fill 16
Jan.-Feb
b11!^
May-June
62732
Shipments.
Oct.-Nov.,n. crop.,
sail
6«8
Nov.-Dee., u.cp., 61,6%
WEDNESDAY’.
Delivery.
Nov...
Delivery.
Delivery.
62532® 34 May-June
62932
Nov
62o32®%
62932
Feb.-Mar
613i6 Nov.-Dee
62332
Mar.-Apr
62732 Dee.-Jan
62332
Jan.-Feb
67a
Apr.-May
62332
NOV
6l5]f ®2y32® I5j g
Shipments.
Nov.-Dee..6%®23323,34 Oct.-Nov., n. crop,
Dee.-Jan
sail
62332 34
62732'g»13jg
JarFeb
62332 ® 34 No v.-Dec., n. crop,
Feb.-Mar
sail...
62532 ®.%
....6i3ic
Mar.-Apr— 6:3i6® 2532
Dec.-Jau
6*132®7^/71,32
Jan -Feb
®63132
Nov.-Dee
67e®2732
Dec.-Jau
62732®13i6
Jun-Feb.678ft27a2ft13i0
Feb.-Mar
Mar.-Apr
Apr.-May
May-J line
June-July
Nov.-Dee
67«® 27ao
62030 ® 7e
61510
7 ® 63132
7
62o32
Thursday.
Delivery.
Nov...
.
j
®78®“732®l316 I
[
Nov.-Dec—62532^/34
Gi5j A® 2832
Delivery.
Ma r.-Apr
6 34 ft1110
May-June
Nov—:
Nov.-Dee
| Dee.-Jan
®2332® 1116
6 34 ft 2332
®111G®56 Feb.-Mar
00® 23.-0
Feb.-Mar.. 620320Mar.-Apr
ftlllft'ftSJgo Apr.-May
Dec.- Jan—6% ft 2332
® 34ft2132® 58
J&n .-Feb
—
62932
o78fti3lc
G2i32
6Ui6®2132
6H16
G34
1
G34ft2532
Delivery.
May-June
June-July
62732
678
Mar.-Apr
62332
May-June .6i3i6®2732
Nov
62532®13]6
Shipment.
Oct.-Nov, n. crop,
sail
6U18
.
Friday.
Nov
Delivery.
| .
Delivery.
63132® 2932ft78 | June-July
62*32
Nov.-Dee
Dec.-Jan
Jan.-Feb
®2532® %
6i316®34
6i3i6®34
Feb.-Mar
62732® *4
ft2332
Thurs.
65,000
2,000
41,000
3,000
8,900
226,000
87,000
68,000
53,000
Nov. 7.
Saturday Monday. Tuesday. Wednes. Thursd’y
Spot.
'
Satur.
Oct. 31.
The tone of the Liverpool market for spots and futures each day of the
week ending Nov. 14, and the daily closing prices of spot cotton,
have
been as follows:
we
crew or
following
Since
1,753
9,615; 72,441
Virginia..
we Lave the
sales, stocks, &c., at that port:
Sept. 1. week. Sept.l. week. Sept. 1.
...
275
7,327i
[VOL. XXIX.
»
Nov
Mar.-Apr
Apr.-May
May-June
Nov.
Nov.-Dee
Dec.-Jan
Nov
Delivery.
634
63i32 Jan.-Feb
62732 FCb.-Mar
62532
6i316 Mar..Apr...
67s
.-62732 Apr.-May
..62»32 May-June
63i32
61316 Juue-July
..7
62 i22
Shipments.
Mar.-Apr... .C78ft273g
..G2332^OH 16 Oct.-Nov., n. crop,
ft 2o32
sail
/
678'ft2932
613J6
Apr.-May
67s I Nov.-Dee—G2o32ft13ic Nov.-Dee, n. crop,
sail
Dec.-Jan.
6%
May-June.. O3i32a<io10 |
,634ft2o32® 34
..
Liverpool, steam d. 732® i4 732 ft *4 7,32 ft
732 ft
732®
sail...d. 3ieft732 3ic®732 3icft732
Do
••ft732
®732
34*
Havre, steam
34*
c.
1116*
J116*
-•-
* - •
•
Do
sail
Bremen, steam,
Do
sail
Hamburg, steam
Do
c.
.c.
c.
c.
-
-
Do
sail
Comprested.
58®...
111C*
34*
5g®...
•
*8
716
71C
V
34*
34*
*2
V
h
J116
ni«
J116
ll16
uie
1332
1332
i332
1332
”l«
sail.-.r. ...®
Baltic, steam....d.
x2'w...
S32
732
“1C*
ll16*
716
sail...c.
Amst’d’m, steam.c.
Do
12ft-
...
1332
d. ...®...
'
12
34*
*2
Friday, P. M., November 14, 1879.
12
There
In
...®
1332
BEEADSTUPPS.
%+
dull and
drooping market for wheat and flour
daring most of the past week, and prices have given way
materially. Yesterday, however, there was some recovery,
with sales of large lines of common extras at $5 40 on the spot
and $5 50 for January delivery. Kye flour has also declined,
b it corn meal remains firm.
To-day the demand for wheat
was a
November 15,
flour
was
THE
1879.]
active at firm
prices, with occasionally
paid,
CHRONICLE.
more money
-
The wheat market has been
depressed, and sales were made
early in the week as low as $1 35@$! 37 for the leading grades
of winter growth, on the spot and for November delivery.
The sales for future delivery were as low as $1 39 for No. 2
red
winter for December and $1 42/£ for January, and
$1 38% for No. 1 white for December. No. 2 spring sold down
to $1 30 for December.
But there was a recovery of 3@4c.
from these prices. Speculation was checked early in the week
by the smallness of the regular demand, the steadiness with
which receipts were maintained, and the rapid accumulation of
stocks ; but these influences were only temporary in their effect
against the all-pervading spirit of speculation. To-day there
was a further advance, with No. 2 red winter
closing at $1 44^
for December.
Indian
has varied but little.
The
speculation for the
rise has been comparatively dormant, and yet no important
decline in values can be quoted.
The crop is now regarded as
not
corn
good
so
as
last
year,
from various causes—being deficient
FLOUR.
GRAIN.
# bbl.$3 80® 4 40
No. 2
Superfine State
aud
Western
Extra State, &c
Western spring wheat
extras
do XX and XXX...
Western winter ship¬
4 70®
5 10
5 40® 5 50
5 30®
5 75®
ping extras
5 60
7 00
5 50® 5 85
do XX and XXX...
Minnesota patents...
6 00®
7 00
6 50® 8 00
5 50® 6 25
City shipping extras.
Southern, bakers’ aud
family brands
South’ll ship’g extras.
Rye flour, superfine..
6 25® 7 25
5 50® 5 85
5 10® 5 50
Corn meal—
Western, &c
2 80® 3 10
3 30® 3 35
Brandywine, ficc....
Wheat
No. 3 spring, $ bu.$l 24
No. 2 spring
1 30
Amber winter...
1 35
Red winter, No. 2
White
No. 1 white
Corn—West, mixed
Western No. 2...
Western Yellow..
Western White...
Rye—West’n, No.2.
State and Canada
Oats—Mixed
White
Barley—Canada W.
State, 4-rowed...
State, 2-rowed...
Peas—Can’da,b.&f.
141
® 1 20
®1 32
®1 40
®1 41 ^
135 ®141
1 40*2®1 41
58 ® 59
59 ® 59*4
60 ® 61
61
85
87
42
44
84
78
70
80
®
®
®
66
®
45*2
®
®
®
®
®
47
9S
85
77
95
87
89
Receipts of flour aud grain at Western lake and river ports
ending Nov. 8:
for the week
At—
Flour,
Wheat,
bbls.
(196 lbs.)
Com,
bush.
bush.
(60 lbs.)
984,771
610,86L
256,703
175,672
27,300
181,348
8,500
178,303
(56 lbs.)
896,027
29,910
Chicago
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
59,785
63,318
1,202
‘..15,487
2,405
41,221
1,315
3,200
Peoria
Duluth
Oats,
367,838 153,659
17.519 121,467
36,938
13,196 18,149
12,800 32,250
40,824 95,031
131,469
19,152
41,250
241,305
159,830
12,804
87,200
Total
187,933 2,423.458 1,801,747
Same time ’78.. 155,703 2,243,075 1,446,014
Rail and lake
Week
Nov.
Nov.
8
1
Oct. 25
Oct, 18
Rye,
35,500
66,236
21,035
1,624
900
8,287
24,400
576,315 456,056 122,482
517,134 361,449 100,940
shipments from same ports for the last four weeks:
Flour,
bbls.
ending—
Barley.
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
152,409
Wheat,
Corn,
bush.
bush.
2,314,853 1,682,483
1,652,891 1,907,109
Oats,
bush.
366,895
200,803
204,792
2,076.738 1,374.407
437.665
225,487
3,529,355 2,824,269
444,890
Total, 4 w’ks.783,491
Dj.4 wks’78.585.657
467,730
Barley,
Rye,
bush.
bnsb.
250,435 53,927
345,501 70.425
301,551 96,368
337,494 104,216'
9,573.837 7,785.268 1.717,180 1,234,981 324.936
7,383,623 5,365,185 1,821,944 1,101.819 478.423
Receipts of flour and grain at seaboard ports for the week
ended Nov. 8:
Flour,
At—
New York
Boston
Portland
Montreal
Philadelphia
Baltimore
New Orleans
Wheat,
b)»ls.
bush.
156.270 2,025,855
72,940
131,617
2,975
12,365
21,735
15,401
7,753
220,052
167,000
787,250
49,348
Com,
Oats,
bush.
bush.
Barley,
Rye,
bush.
bush.
690,878 169,134 517,438
337,399 158,221 29,900
4,40O
1,600
120.908
8,285 15,042
176,000 8L,200 79,500
302,200 20,200
11,290
6,280
65.056
1,200
8,642
500
3,200
Total week
288.979 3,387.122 1,643.075 444.920 641.880 78.598
Cor. week’78.... 250,985 2,512,237 1,241,705 331,176 278,048 164,547
Exports from United States seaboard ports and from Montreal
ending Nov. 8:
for week
From—
New York
Boston
Portland
........
Flour,
bbls.
109,655
18,272
320
Wheat,
bush.
Com,
bush.
Oats,
bush.
493,948
49,939
4,820
25,249
313,862
15,153
Phihidelphla..
219,027
4,491
8,573
271,975
180,139
32,782
44,410
1,017,608
183,731
600
2,765,036
940,539
2,372,964
49,838
020,674 104,875
Total for w’k 156,469
Same time ’78. 133,483
Peas,
bush.
1,053,086
203,940
Montreal......
Baltimore
Rye,
bush.
Wheat,
In Store at—
New York
Do.
bush.
7,455.616
ailoat (est.)
800,000
Albany
20.000
Buffalo
Chicago
Milwaukee
Dtiiuih
Toledo
Detroit...
Philadelphia
Peoria
9,841
Total
Nov. 1, ’79
Oct. 25, 79
Oct. 18, ’79
Oct. 11. ’79
Nov. 9, ’78
450.000
29.000
9,020
257,424
4,150
260.000
239,595
469,863
272,827
189,371
702,539
101,400
611,022
2,009,543
Baltimore
Rail shipments...
Lake shipments..
2,010,961
262,910
Toronto
Montreal (1st)....
Indianapolis
Kansas City
Oats,
bush.
1,254,428
1,674,659
662,373
353,000
1,421,326
268,088
Oswego
Corn,
bush.
797,308
5,403,890
1,798,686
1,(‘70,100
St. Louis
Boston
in quality if not in quantity—while there can be no doubt that
the wants of the South are greater than for several years past,
and the higher prices of cotton give that section increased
ability to supply its needs. To-day there was a slight further
improvement and a fair demand.
Rye was dull. Some business was done in No. 2 Western at
85c. in store and 87c. afloat. Barley was unsettled, but at some
decline there was more doing, and the close is dull. Oats
were active and buoyant early in the week, the sales includ¬
ing No. 2 Chicago on the Spot at 46c., and No. 2 mixed, N.
Y. grade, at 45%c. for December delivery, followed by fluc¬
tuating values.
To-day the market was dull, with No. 2
graded quoted at 45c. for mixed and 45/£c. for white.
521
348,421
1.966,432
51,400
120,183
bush.
283,505
183.000
8.005
149.000
78.000
238,660
61,797
681,206
230,012
545,392
73,772
7,821
174.968
7,800
4,506
800,000
54,146
157,180
1,240
12,502
26,647
341,479
61,882
0,44fc
36,105
397
13,761
22,390
127,509
207,800
108,849
9,657
87,513
14,364
6,797
315,975
50,508
191,818
58,617
53,927
10.700
541.704
345.023
1.337,460
Rye,
,
333,054
613,000
219,921
3,774
2,000
31,800
351,043
41,921
bush.
720,711
40,000
922,791
29,214
11.057
Barley,
30,424,693 11,448,691 3,285,947 4,806,237 1,046,945
28,822,649 11,615,264 3,358,057 4,360,004 967.513
25,691,223 10,413,384 3,095,010 3,790,021
23,295,349 10,562,315 2,808,398 3,“17,209
20,787,401 11,037,559 2,705,182 2,062,042
17,215,760
812,051
694,764
764.511
9,698,182 3.158,440 5,030,518 1,434,301
THE DR? GOOD3 TRADE.
Friday, P. M., November. 14, 1879.
Notwithstanding the unseasonable mildness of the weather,,
heavy winter fabrics, a
large business has been transacted in the dry goods market dur¬
ing the past week. Cotton'goods were conspicuously active, and
which is unfavorable for the sale of
their distribution
was
attended with
no
little excitement. Prices
continued to
advance, in sympathy with the staple, and buyerstheir supplies at or about
old-quotations ; but this they were unable to do (save in excep¬
tional cases), as agents are extremely firm in their views, and
not only demand the full advance, but decline to
accept orders
for goods to arrive except “ at value” on the day of
delivery.
Woolen goods were equally firm, but somewhat less active than
of late, and foreign goods ruled quiet, the warm weather
having
checked the consumptive demand to some extent.
Domestic Cotton Goods.—There was & steady demand for
domestics for export, and large orders are in process of execu¬
tion by the New England mills, but the shipments to
foreign
markets during the week ending November 11 were
only 911
packages, of which 437 were sent to Great Britain, 224 to
Brazil, 98 to Smyrna, and the remainder, in small lots, to other
countries. Brown, bleached and colored cottons of all gradeft
and makes were in active demand by the home trade, and
sales coupled with “at value” orders for future delivery footed
up a liberal aggregate amount. Cottonades met with large sales,
and leading makes of heavy goods have been in some instances^
withdrawn from the market (for the present), as agents have
manifested great eagerness to secure
all the orders that
can
brown and bleached
be filled for months to
goods
come.
Stocks of
smaller than at any time since
exceedmgly firm at the late advance*
with an evident tendency toward still higher figures. Prints
cloths were active, at a further advance in price, and
large*
transactions were reported on the basis of 4%@4^£c. for 64x64s'
and 3%(a4c. for 56x60s, the outside quotations prevailing at the
close of the week. Prints were more active, and
decidedly
firmer in price, some makes of 56x60s having been marked upMe. Ginghams and low-grade cotton dress goods were in fair *
request and firm.
the
w
ar,
and prices
are
are
Domestic Woolen Goods.—There
ment in
was a
continued
large move¬
spring cassimeres, cheviots, worsted coatings, &c. (from
first hands), in execution of orders placed some time
ago by the
clothing trade, but, as expected, new business was a trifle less
active, the heaviest buyers having completed their early pur¬
chases. The exceptionally light
supply of low and medium •'
grade clothing woolens has also tended to restrict business to
some extent, but this condition of the market has
imparted
great firmness to prices, and many popular makes of goods arenow held at a material advance
upon opening quotations. For
heavy woolens there was only a moderate inquiry, and pur¬
chases were chiefly restricted to small parcels of
fancy cassi¬
meres and rough-faced
overcoatings. Cloakings and repellents
were less active, but
special makes were delivered by agents in
fair quantities on account of former orders.
Kentucky jeans
and satinets were in irregular demand, but firm, with an
upward
tendency. Worsted dress goods continued fairly active; felt
skirts were in good request, and shawls moved
slowly. Caroets;
were in good demand and
very Arm, some makes having been
advanced by agents.
Foreign Dry Goods.—The market for imported
has presented few new features, and business was
dry goods
comparatively
light in this branch of the trade. Dress goods and silks were
moved in small lots by importers, bat linen and white
goods
The visible
supply
of
grain,
comprising the stocks in granary ruled quiet. Holiday handkerchiefs and embroideries have
at the
principal points of accumulation at lake and seaboard received more attention, and laces and lace goods were moder¬
ports, and m transit by lake, rail and canal, Nov. 8, was as ately steady and active. Prices of
foreign goods generally
follows:
remain steady and unchanged.
339,111
70,146 121,430
*
1
522
THE CHRONICLE.
Commercial
Cards.
BrinckerholT, Turner
&
Financial.
OF
No. 73
Manufacturers and Dealers Id
And all kinds of
COTTON CANVAS, FELTING DUCK, CAR CO VER
LNG, BAGGING. RAVENS DUCK, SAIL TWINE8
*C. “ ONTARIO * SEAMLESS BAG8,
“AWN7NG STRIPES.’
State*
Bunting Company.
A full supply all Widths and Colors always in stock.
No. 109
Doans
Street.
Victory Mfg Co„
AND
Hoftlery.
Slil»*tw and
Drawer*
From Various Mills.
NEW YORK.
43 de
WaiT* Strsbt.
BOS.ON,
15Chau*>oxy >t.
Interest allowed on Deposits, which may be made
and withdrawn at anv time.
N. B.—Checks on this Institution pass through the
C.earlng-House.
EDWARD KING, President.
J. M. McLean, la* Vice-President. J. H. Ogilvie, 2d Vice President.
EXECUTIVE
J. W
DAYTON. 2R0 CutsTvrr HtrreT.
John Dwight & Co.,
MANUFACTURERS OF
SUPER-CARBONATE
SODA.
No.
11
Old
Slip,
The Jobbing Trade ONLY
New
York
Supplied.
Samuel Willxts,
Wm. Whitewbight,
Geo. Cabot Ward
C. D. Wood.
A. O. RONALDSON% Secretary.
Brooklyn Trust Co.
Cor. of Montague & Clinton sis., Brooklyn, N. Y.
This
Company is authorized by special charter to
as
receiver,
trustee, guardian, executor,
or
ad¬
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or
dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
RIPLEY ROPES, President.
CHAS. R. MARVIN. Vice-Pres’t.
Edgar M. Cullen,Counsel.
TRUSTEES:
Wm. B. Kendall, Henry Sanger, Alex. McCue,
John P. Rolfe,
Chas. B. Marvin. A A. Low,
Thomas Sullivan, Abm. B.Baylis. Henry K. Sheldon
H. E. Pierrepont. Dan’l Chauncey, John T. Martin,
Alex. M. White, Josiah O. Low,
Ripley Ropes,
Austin Corbin. Edmund W. Corlies.
WM. R. BUNKER, Secretary.
George A. Clark & Bro.,
Gladstone, Jas.
Fronde, Prof. Hux¬
Mnloch
Geo. MacDonald, Mrs.
Ollphant Jean Ingelow, Mrs. Alex¬
Thomas
Hardy,
Matthew
Arnold, Henry Kingsley, Tnrguenief,
Carlyle, Rnskin, Tennyson, if row ning, and many others, are represented in the
ander,
pages
of
Littell’s Living Age.
COMMITTEE.
J. M. McLean,
Augustus Schell,
E. B. Wesley,
G. G. Williams,
The
Argyl
Miss
E.
ley, R. A. Proctor. Ed.
A. Freeman, Prof. Tyn¬
dall, Dr. W. B. Car¬
penter, Frances Power
Cobbe, The Duke o
Um. Black, Mis* Thackeray,
Registrar of Stocks.
act
PHILADELPHIA,
A.
$1,000,000.
-
Authorized by law to act as Executor, Administra¬
tor, Guardian, Receiver, or Trustee, and Is a
Mill*,
Mills,
W.
HAS SPECIAL FACILITIES FOR ACTING AS
Washington mill*, Chicopee .11 fg Co..
Bnrllngton Woolen Co..
Saratoga
YORK,
Transfer Agent and
AGENTS
Atlantic Cotton
Greatest
Living
Authors, such as Prof*
Max Muller, Rt. H»n.
Broadway, Cor. Rector St.
CAPITAL,
E.R.Mudge,Sawyer&Co
FOR^
IHIerton New
NEW
The
CO.
LEGAL DEPOSITORY FOR MONEY.
Also. Agents
United
Publications*
UNION TRUST
Co.,
COTTONSAILDUCK
[Yol. XXIX,
Jan 1,1819, The Living Age entered upon Us One
Hundred and Fo»tieth volume. During the year it
will furnish to its readers the productions of tie
foremost authors above named ahd many others;
embracing tbe choicest serial ana Short stories by
the
LEADING FOREIGN NOVELISTS.
and an amount
Unapproached by any other Periodical
in the world of the most valuable Literary ant* Scien¬
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COVEREK8 AND EDITORS, representing every de¬
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The
Living Age is a weekly magazine giving
more than
tific
THREE
AND
A
QUARTER THOUSAND
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It presents in an inexpensive form, considering its
great amount of matter, with freshness, owing to its
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attempted by no other publication, the best Essays
Reviews. Criticisms, T% ee. {sketches of Travel and
Discovery. Poetry. Scientific, Biographical, Historical
and Political
Information, from the entire body of
Foreign Periodical Literature, a d from the pens
of the
ABLEST LIVING WRITERS.
11
It afford* the best, the cheapest and most convenient
means of
keeping ab east with the pi ogre s of thought
in ail its phases ”—Pelladeu hia North A ie> i an.
Ought to find a place in entry American home
New Vork Time>.
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fountaino
Sn ertainment and instructionHon. Robert t
WIn
hrop. ’
The Living Age is Published Weekly at $8 00*
year, free of postage-, or for flO 50 The Living Age
and either one of the American $1 monthlies
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both postpaid; or, for $9 50 The Living age and
the 8t. Nicholas or Appleton’s Journal.
"
Dickinson Bro’s.,
BANKERS)
_.
No. 43
Exchange Place, New York.
Stocks, Railroad Bonds, Governments, and all Se¬
curities dealt in at the N. Y. Stock Exchange, bought
and sold, either for investment or on
margin.
Have been connected with mining since the dis¬
AND
MI I* WARD’S
400
HELIX NEEDLES.
BROADWAY, NEW YORK.
Hong Kong & Shanghai
Banking
Corporation,
Office,
Head
Hong Kong.
COMMISSION
AND
SHIP
J. Alden
Gaylord,
St., New York,
AGENT
DEALER
ST.
Mercer,
BANKERS
AND COMMISSION STOCK BROKERS,
7 Exchange Court and 52
Broadway.
Interest allowed on deposits, to be drawn at will.
Also, Contracts made and carried in New York
Cotton and Produce Exchanges. We issue a
Daily
Letter which will be sent on application.
BOND
F.
AND
333 MAIN
Blakeslee,
STOCK
STREET
BROKER,
(Hills Block).
HARTFORD, CONN.
Special attention paid to investment orders for
miscellaneous Stocks and Bonds.
H. F. Gilbert &
No. 16 Broad St. (near
BANKERS
AND
&fcocksbought and sold
STOCK
Co.,
Wall
AND
BROKER,
SECURITIES
State, Municipal and t’allway
<
onda and Coupons
bought and sold at best market rate*. Investors or
dealers wishing to ouy or sell are Invited to communi¬
cate with
us.
Member of the New York
T R U S T E E S
E. H. R.
SPECIALTY.
A
Assets, 31st December, 1879,
11,123,970 63.
Edward F.
Street, New York City,
SOUTHERN
tock Exchange.
Lyman,
Henry R. Kunhardt,
Hush Auchincloss,
Lawrence Wells,
Wil iam Pohlmann,
Alexander Hamilton,
Constantin Meielas,
Carl L. Recknagel,
W. F. Ca y, Jr.,
Carl Yietor,
Ramsay Crooks,
Wm.
Arthur B.
Fisher & Sons,
BANKERS,
*
„
o
And Dealers In Governments, Coin,
Investment Securities,
Opposite Second St
2 SOUTH STREET
BALTIMORE,
St
personal attention.
Especial attention is given
Investment Securities
of the higher grades, quotations for which are fur¬
nished as required.
Correspondence solicited.
F. Keleher
P.
BANKERS
BROKERS.
No.
on
305
ST.
AND
&
a
Co.,
BROKERS,
Olive
Street,
LOUIS, MO.,
Bov and sell Government, State, County.
and Municipal Bonds. Coupons collected.
Bonds
Graves,
.
Alex. M Lawrence,
J*.hu D. Dix.
Charles M unsinger,
Walter Watso-.
V rnesto G. Fabbri,
Henry E. S rague,
John Welsh, Jr.,
Lewis Morris.
Chas. F. Zi mermann
Theod re Fachiri
C. L. F. R *ee,
Wm S. Wilson.
F. Cousinery,
Gustav Schwab,
George H. Morgan,
H. L. Chas. Kenauld,
L. M. CalviKioreasi.
EUGENE DUTILH, President.
ALFRED OGDEN, Vice President,
CHARLES IRVING, Secretary.
ANTON METZ, Assistant Secretary.
MD.
Purchase and sell Governments and Coin.
Gold constantly kept on hand for the supply of Mer¬
chants, for duties.
Bonds and Securities of every description bought
and sold on Commission Orders, w'aich have direct
Wall),
the NEW YORK STOCK
EXCHANGE on a margin of 3 per
cent, If desired
Equal attention given to small and large investments.
Any information given \ eraonally or by mail. Firstclass references..
14
OF THE
ORIENT
George Mosle,
Davison,
Henry DeB. Routh,
John B.. Manning,
No.
Wm. F. Owens.
Geo. a. Merger.
Member. N. Y. Stock Exchange.
B.
'
J
BANKER
Owens &
IN
LOUIS CITY A COUNTY BONDS
INVESTMENT A MISCELLANEOUS SECURITIES
Refer* hv nermlMion to w. fi. Nichols A Co.. Banker*
Boston Agency.
) New York Agency,
J. MURRAY FORBES, V S. W. POMEROY Jb..
30 Ckntbal Strbet. >
59 Wall St.. N.Y
Financial.
OFFICE
Mutual Insurance Co.
33 Wall
AND ALL CLASSES OF
Bong Kong, Canton, Amoj, Foochow
Shanghai and Hankow, China.
marine and inland insurance.
Platt K. Dickinson,
Howard C. Dickinson
Members N. Y. Stock Exchange and N Y. Mining
Stock Exchange.
Co.,
MERCHANTS
Insurance.
telegrams
from these districts received daily. Orders exe¬
cuted direct at the San Francisco Stock Excnange.
AGENT,
B. W POMEROY Jb.. 59 Wall 8t.. N. Y.
Russell &
LfITELL Ac GAY. do«ion.
covery of the famous Comstock Lode, and also
pioneers in the celebrated Bodie district in which
are located the “ Standard,*’ “ Bulwer,” •*
Bodie,”
and other well-known mines. Letters and
.
Townshl p
Missouri
specialty. Foreign exchange bough and sold.
t
t
i-:
UTUAL LIFE
INSURANCE
COMfflU
OF
YORK,
NEW
IF.S.WINSTON, PRESIDENT
ISSUES EVERY APPROVED DESCRIPTION OF
LIFE AND ENDOWMENT POLICIES
ON TERMS AS FAVORABLE AS THOSE OF
ANY
OTHER COMPANY.
ORGANIZED APRIL 12™ 1842.
@FedFRASER