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AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
YOL.
NEW
29.
YORK, NOVEMBER
Ban que
Bankers
Anversoise,
Centrale
No. 63
Antwerp.
Faid-Up Capital,
-
autl
Merchants,
Co., John J. Cisco
BANKERS,
Fblix Grtsak,
Collect Coupons and Dividends;
President.
NEGOTIATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.
Ik. Dhams (MIchlels-Loos).
Job. Ins Fuiirmaxn, Jr. (Jon. Dan. Fuhrmann).
Equipment
Ad. Fhi.vk (Frank, Model & Cle.)
Ain. NoTTRBoim (Nottebohiu Freres).
Louis Wkbrk (Ed. Weber &
JuLica
Rautknstbacch
(C.
TRANSACTS
GENERAL BANKING
Asa
P.
Potter, Prest.
Eddy
J. J.
Cashier.
Maverick National Bank,
BOSTON,
...... $400,000
CAPITA!,,
SlttPlUSi,
»1
COLLECTIONS
nil
Bankers
400,000
i
specialty.
solicited.
5
IN
c
<
:
63 Wall Street,
(P. O. BOX
\
11
New
<
i
-
:
n.
York.
BROWN.
rRSD. A. BBOWK.
WalstonH.Brown&Bro.
BANKERS,
New
11 Pine Street,
York.
RAILROAD SECURITIES.
Kountze Brothers,
BANKERS,
WAIL STREET, NEW
YOltK.
Issue Commercial and Travelers' Credits available
In all parts of the world. Draw Time and Sight "ills
on the Union Bank of London, and on the Credit
Lyonnals, at Lyons or Paris. Make Cable Transfers.
R. T. Wilson
&
Co.,
BANKERS AND COMMISSION MERCHANTS
2 Exchange Court, New York.
A. H. Brown
T
&
Co.,
bankers and brokers,
Wall St., Cor. New, New fork.
INVESTMENT SECURITIES.
Special attontlon to business of country banks
&
Jones,
No. 19 William Street, New York.
GOVERNMENT BONDS. BTOCfS
AND INVESTMENT SECURITIES
BOUGHT AND SOLD ON OMMISS'ON.
SPECIAL ATTENTION GIVEN TO
<
MINING STOCKS.
Hinckley,
Wm. M. Lent,
L M. Jones.
San Francisco.
Member N. Y. Stock Exchange.
(Special.)
Member N. Y. Mining Stock Exchange.
B.
.
COMMISSION.
&
Talcott
COMMERCIAL PAPER NEGOTIATED.
Sons,
BANKERS AND BROKERS,
Gwynne & Day,
No. 45 Wall Street,
[Established 1851.]
Transact a general banking and brokerage busless in Railway Shares and Bonds and Government
ecurities.
Interest allowed on deposits.
Investments can-fully attended
38
BBOAD STREET, NEW YORK.
F. L.
F. L.
Talcott,
Talcott,
Refer, by permission, to
Hon. August Belmont, of August Belmont
New l ork.
B. B. Sherman, Esq.. President Mechanics' National
Bank.
Stock?, Railroad Bonds, Governments, and
all
New
A.
COLEMAX BENEDICT,
JAS. MCGOVEIIX, JB.
Member N. V. Stock and Mining Exchanges.
Francis,
bankers and brokers,
A;
15
Now
St.,
now
W
&
Me-
associated with our
TALCOTT A 80NS.
1879.
&
Forelgn Exchange,
AND
17.
S.
Co.,
Bonds,
INVESTMENT SECURITIES,
WILLIAM STREET.
Dodge, Potter
&
Co.,
BANKERS
AND
Commission, and carried on Margins.
Deposits Received and Interest Allowed.
Accounts of Country Banks and Bankers re
celved on favorable terms.
Co.,
BANKERS AND BROKERS,
COTTON COMMISSION MERCHANTS,
34 PINE STREET,
New York.
D. Probst & Co.,
J.
STOCK AND BOND BROKERS,
BROADWAY, NEW YORK,
DKALKBS
is
IX
New York
STOCKS, BONDS and GOLD Bought and Sold on
66
late First Teller of the
BROKERS
Transact a General Banking Business.
R. A. Lancaster
BLAIR,
H. Latham
52
70 Broadway
York.
New Yobk. November8,
J.
Se-
& Co.,
Bankers, No. 19 Nassau street. New York.
Moses Taylor, Esq., President National City Bank,
JOSEPH
curities dealt in at the New Tork Stock Exohange
bought and sold for investment or carried on margin, strictly on commission.
&
A. Belmont Talcott,
Member of N. Y. Stock Exch
Joseph a. Blaiu.
Arm.
STOCK AND BOND BROKERS,
92 BROADWAY, NEW YORK.
Trask
Jr.
chanics' National Bank,
to.
Coleman Benedict & Co.
SPECIAL ATTENTION GIVEN TO THE NEGOTlA
TION OF
12
Co.,
BANKERS AND BROKERS,
New York.
STOCKS AND BONDS BOUGHT AND OLD ON
2,847.)
Special attention paid to the negotiation of Commercial Hills.
Also execute orders for Mining
Stocks at the Ban Francisco Stock Exchange, through
their Correspondents Messrs. Ken.vev Jit Dyeh.
WALSTON
&
2 Nassau Street,
Cor-
McGowan & Co
BROKERS
foreign \
\
Hilmers
MISCELLANEOUS SECURITIES.
Hinckley
Business from Bunks
paper discounted.
Satisfactory bustness
respondence invited.
Sand, Hamilton
Foote,
WALL STREET
BUY AND SSLL
of Railroads undertaken.
Cle.)
A
No. 12
GOVERNMENT BONDS, GOLD, STOCKS AND
All business relating to the Construction and
BUSINESS.
&
Hatch
Cle.)
Scbmld &
York.
DEPOSITS RECEIVED 8UBJECT TO CHECK AT
AND INTEREST ALLOWED ON DAILY
BALANCES.
GOVERNMENT BONDS, GOI D, STOCKS AND
ALL INVESTMENT SECURITIES BOUGHT AND
SOLD ON COMMISSION.
BANKERS,
Maqcinay (Graff* Maqulnay), Vlce-Pres
Von tub Beckk (B. Von der Bccke).
Otto Ouxthkr (Cornellle-Davld).
Kmilk dk Gottal.
ALf-RiLi
J. B.
Son,
SIGHT,
K1ILROAD INVESTMENT SECURITIES;
BOARD OF DIRECTORS :
&
New
No. 59 Wall Street,
WILLIAM STREET,
New York,
BUY AND SELL
9,000,000 Francs.
-
&
Kennedy
S.
J.
751.
Financial.
Financial.
Financial.
•
NO.
15, 1879.
No. 52
EXCHANGE PLACE, NEW YORK.
IN
First-Class Investment Securities.
OVERNMKNT BOM'S, -TATK. CITY, COUNTY.
RAILROAD & MISCELLANEOUS SECURITIES
Bought and Sold on Commission.
Virginia Tax- RectivaMe Coupons Bought.
Stocks, Railroad Bonds, Governments, and
Miscellaneous securities, Bought and Sold
Gilman, Son
S0U7HERN SEC Hi; I TIES A SPEC1AL1Y.
LOANS NKUOTIATED.
All. OWED ON DEPOSITS.
INTEREST
ty SPECIAL ATTENTION GIVEN TO
FUNDING VIRGINIA AND NORTH
CAROLINA STATE BONDS.
62
&
Co.,
BANKERS,
CEDAR STREET,
In addition to a General Banking Business, bay and
sell
Government Bonds and Investment
Securities.
;
THE CHRONICLE.
11
Foreign Bankers.
Canadian Banks.
Foreign Exchange.
XXIX
Vol.
Nederlandsche
Bank of Montreal.
Drexel, Morgan & Co.,
STREET,
WALL
$12,000,000, Gold. Handel-Maatschappij,
CAPITAL,
CORNER OF BROAD, NEW YORK.
SURPLUS,
No.
Drexel
&
M
Thud
Sooth
Drexel, Harjes
Co.,
31
St..
& Co
GEORGE STEPHEN,
Boulevard Huuasmann
Deposits received subject to Draft.
A
Nos. 59
AttoB'Nkys and AexKTB or
CO.,
Messrs. J. 8.
No. S2 OLD BROAD ST.. LONDON.
MORGAN &
Brown
No.
Brothers & Co.,
59 WALL STREET,
BILLS OF EXCHANGE
Great Britain and Ireland and France.
COMMERCIAL AND TRAVELERS' CREDITS
ISSUED, AVAILABLE IN ANY PART
OF THE WORLD.
Telegraphic Transfers or Money between this country and England
and France.
J.
& W. Seligman& Co.,
Buy and sell Sterling Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
available in any part of the world issue drafts on
and make collections In Chicago and throughout
the Dominion of Canada.
Payable In any part of Enrope, Asia, Africa, Australia
and America.
Draw Bills of Exchange and make telegraphic trans*
fers of money on Enrope and California.
Co.,
No. 8 Trail Street, New York,
No. 4 Post Office Square, Roston.
CHEQUES AND CABLE TRANSFERS ON
CO.,
Ar
PARIS.
STERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS A CO., LONDON.
Ctkculab Notes
S.
G.
ajtd
&
Cbsditb foe Tbavki.kbs.
G. C. Ward,
Stuart
&
Co.,
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
33
SMITH, PAYNE
SMITH'S,
COUNTY BANK,
A
BANKERS, LONDON
MANCHESTER
A-
No. 52
WALL STREET.
NATIONAL BANK OP SCOTLAND,
ED1NBURG, AND BRANCHES
WM. LaWSON.
'j
Surplus,
U.
JOHN HAMILTON.
JOHN MCLENNAN,
President, the Hon.
Vice-President,
HEAD
Lichtenstein,
BANKERS,
William St., cor. Exchange Place.
NEW YORK.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Isane Letters ef Credit
on all principal cities of Enrope.
SPECIAL PARTNER,
DEUTSCHE BANK, Berlin.
8.
..
?1 0,000, 0(0 Gold..
(invested in
3,500,000
BondB)
GEORGE
L.
BRANDER,
"
Agent.
Issue Commercial and Travelers' Credits availablein any part of the world. Draws Exchange, Foreign
and Inland, and makes Transfers of Money by Telegraph and Cable. Gives special attention to Gold
and Sliver Bullion and 8pecie, and to California
Collections and Securities; and arranges to pay-
ESQ.
MONTREAL.
OFFICE,
Agency, 62 Wall Street
Capital, paid up.
85,461,790 Paid Up.
Capital,
BLAKE BROS, a CO
OF SAN FRANCISCO.
New York
Merchants' Bank
GEORGE! HAGUE, General Manager.
WM. J. INGRAM, Asst. General Manager.
Dividends on such securities at due dates.
Bankers, London, SMITH, PAYNE A SMITHS.
do
UNION BANK OF LONDON.
do
YORK, N. B. A..
do New York, BANK OF
do
do American Exchange Nat. Bane.
BANKERS:
LONDON. ENG.— The Clydesdale Banking Comp'y.
NKW YORK-The Bank of New York. N. B. A.
The New York Agency buys and sells Sterling Ex-
NEW
change, Cable Transfers, issues Credits available in
parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Drafts
issued payable in Scotland and Ireland, and every
all
THE
Anglo-Californian Bank
description of foreign banking business undertaken.
New York Agency, 48 Exchange-place.
HENRY HAGUE.
JOHN
B.
>
HARRIS,
JR.,
A......
Z enlB
(LIMITED).
L ON D<»\, Bead
-
Capital,
H.
S.
HEAD
;
D. K.
WILKIE,
Authorized Capital, Paid up and Reserve,
Cashier
CATHARINES, PORT COLBORNE. ST. THOMAS
INGERSOLL, WELLAND, DUNNV.LLE. FERGUS.
ST.
London
Bosanquet, Salt & Co.,
93 Lombard street.
In
:
|
Agents
in
$6,000,000.
1,700,000.
M
1GNATH STE1NHART. Managers.
L1LIENTHAL, Cashier.
)
P. N.
New York:
Bank of Montreal,
59 Wall street.
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
-
Transact a general banking business. Issue Commercial credits and Bills of Exchange, available ir>
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favorFRED'K F. LOW,
able terms.
l
an«j«.r.
OFFICE, TORONTO.
Bbanohes:
Agents
Angel Court.
SAN FRANCISCO Office, 422 California St..
NEW VOIt K Agents. J. & W. Sehtrman & Co.
$1,000,000.
HOWLAND, President
Office, 3
i
Imperial Bank of Canada
|
Boston Bankcn.
{
Stanton D. Loring,
Late Cashier Blackstone National Bank),
BANKER AND BROKER.
Foreign Bankers.
No. 51
Nederlandsch Indische
Handelsbank,
AMSTERDAM, HOLLAND.
ALSO.
&
Co
Agents.
Established in
1863.
CABLE TRANSFERS AND LETTERS OF CREDIT
Pald-l'i> Capital, 12,000,000 Guilders
Knoblauch
York.
The Nevada Bank
Drafts on Scotland and Ireland, also en
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MAOTAVISH.j .„_,.
Demand
;
BELFAST, IRELAND;
AND OM THE
New
California Banks.
rates; also Cable Transfers.
"LIMITED;"
ULSTER BANKING COMPANY,
for
Amerloa..
1879.
142 Pearl Street
N. Y. Correspondents.— Messrs.
Commercial Credits Issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable in
London and elsewnere, bought and sold at current
;
MANCHESTER, PAYABLE IN LONDON
)
BANKERS
AND
OF THE
Dealers In American Currency and Sterling Exchange*
&
1,
}
COMMISSION MERCHANT*
Bank of British
AMSTERDAM, HOLLAND
North America,
AGENTS FOB
J.
Yoke, January
Agent*
)
HAWLEY,
E.
Adolph Boissevain &
No. 9 Rlrcliln Lane.
Office,
V<i!\«V
BARING BROTHERS & COMPANY,
53 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
HENRY
Office,
OF
Issue Letters or Credit for Travelers,
MUNROE
New
;
CANADA.
CORNER BROAD 8TRKBT. NKW lOHK.
&
OLIVER S. CARTER,
STANTON BLAKEj
;
EXCHANGE PLACE,
John Munroe
;
(
BANKERS,
69
Execute orders for the purchase or sale of Merchandise. Bonds, stocks, and other securities, In the
United States, Europe and the East make Collections,
buy and sell Foreign Exchange, and give advancea
upon Merchandise for Export.
)
London
1824.
($14,400,000, Gold.)
OFFICE,
Walter Watson. A» sents.
„„_,.
A. Lang,
sold on Commission. Interest allowec:
on Deposits. Foreign Exchange. Commercial Credits.
Ac, bought and
Travelers,
ESTABLISED
Pald-np Capital, 36,000,000 Florins.
WALL STREET.
61
Securities, Gold.
Circular Letters for
Cable Transfers.
available In all parts ef the world.
OF HOLLAND,
President.
NEW YORK
DOMESTIC AND FOREIGN BANKERS.
The Net her land Trading Society
SMITIIER8, General Manager.
C. F.
Paris.
Philadelphia.
5,000,000, Gold.
($4,800,000 Gold.)
OFFICE IN AMSTERDAM.
HEAD
Agencies in Batavia, Soerabaya and Samarang
Correspondents in Padang.
Issue commercial credits,
STATE STREET,
BOSTON.
Dealer in CITY, COUNTY and
Jackson
&
RAILROAD BONDS.
Curtis,
STOCK BROKERS,
SIMMONS' BUILDING,
Boston, Mass.
make advances on
ship
staple merchandise, and transact othei
business of a financial character in connection with
the trade with the Dutch East Indies.
ments of
Parker
Stackpole,
BANKERS,
BIAKK BROTHERS
A CO.,
Agents for North America,
64 wall street, new york,
28 STATE STREET BOSTON.
&
No. 68
DEVONSHIRE STKEET
BOSTON.
A November
15,
THE CHRONICLE.
1879.]
Boston Banker*.
Financial.
&
mm
Brewster, Basset
Co.,
BANKERS,
>4..
.!.'.
Stock*. Bonds. Hold
id
Commercial
and
and STOCKS, and
of Securities dealt In
or all
all classes
NEW YORK STOCK EXCHANGE,
at the
MARKET.
Board
Ortlem executed on Commission at Brokers
LOANS
negotiated.
check.
Auctions, snd Private Sale.
Investment Securities crm.rj.nrhr on n\r
THOMAS
.
H.
WILLIAM
BOUDEN,
WALL STREET,
7«
DEVONSUIRB
New York,
PRINCIPAL DOB JULY
FIRST
&
Co.,
&
Co.,
York.
Accounts and Agency of Banks. Corporations,
and individual.-, received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchango bought and sold. Drafts on
Union Bank of London.
Now Owned by the
Chicago Milwaukee & St. Paul R'r Co
FOR SALE BY
WINgl.OW, I.IMI K A
IN GOVERNMENT SECU.tlTIBS. Oo.o
County acd Railroad Bonds
DKALKUS
N. T.
BROOKLYN
No.
I'M la.
i:
B A
II
EXCHANGE PLACE,
BOSTON.
7
COR.
&
solicited
and
Investment Secarltiea.
P. O. BOX 2.647.
Co.,
Information
far-
Cobbbsponiibnts— McKlm Brothers A
«'o.
Southern Bunkers.
Ukrbdss, Pre*'t.
Elliman,
St
No. 2 Nassau street,
New
Bcttrick, Member of the N.Y. Stock Exch'ge,
Wm. Elliman, Member of the N.Y. Mining Exch'ge.
C. A.
Collections
mane
t.t,
all
IN.
H. Kimball,
iwrt.nf the
TTnltfin Hrat^p
WILLIAMS, JN0. W. MILLER
CHAS. B. MILLER.
Thos. P. Miller
68
&
Co.,
BROADWAY AND
17
NEW
All Securities dealt In at the
ANTHONY,
JA8. H.
N. Y. Stock Exchange.
JAS. L.
Member
&
Anthony
ALABAMA.
payment.
Correspondents.—German- American Bank. New
York Louisiana National Bank, New Orleans Bank
of Liverpool, Liverpool.
;
Buy and
Burs &nd
sells
on commission
NEW
134
all
ST.,
Exchange
President.
J
(
Oliphant,
Incorporated
)
ls.5. f
C. T. Walk**
Cashier.
LITTLE ROCK, ARK.
(Paio-ut)
$75,000.
25,000.
Surplus
Prompt attention Riven to all business In our line.
N. Y. cobbbbpondbnts, Donnell. LawaOQ s Co. and
kte.topolltac National Bank.
Exchange
lets to emit.
YORK,
BOS TON.
Pearl Street.
70 state street
&
Co.,
oobkbspondents or
Bank
International
of
Himbnrg and
London, Limited.)
HOUSE IN EUROPE,
JOHN BERENBERC, GOSSLER A CO
HAMBURG
H. W. Rosenbaum,
&
J.
sell
Maitland,
BROADWAY,
on commission
New York
all securities dealt in at
Stock Exchange or In this market
Mining shares.
N. Ewell,
V. Stock
Alex. Maitland.
Exchange.
yantes M.
Drake & Co.
BANKEBS,
21
AND
22
DREXEL BUILDING,
New York,
BUY and SELL RAILROAD STOCKS and B0ND8,
U. 8. GOVERNMENT, STATE. CITY, and all other
Wall
Exchange Place,
51
BUYS AND SELLS
RAILROAD BONDS AND STOCKS.
ALL CLAS8E8 OF INVESTMENT AND MISCELLANEOUS SECURITIES NOT ACTIVELY
DEALT IN AT THE NEW YORK STOCK EX-
CHANGE A 8PECIALTY.
New York, New England
& Western
INVESTMENT CO.
(INCORPORATED.)
Capital Stock
Ni:\V
St.,
Negotiable Securities, ON COMMISSION.
Mr. J.M.Drake has been a member of the New
York Stock Exchange since 1852, and will give personal attention to all business entrusted to the firm.
-
-
$200,000.
YORK, BOSTON, FH1LADEL*
I'll
\ AND CHICAGO.
33 PINE STREET, NEW YORK.
l
31
Cash*r.
German Bank,
CAPITAL
the
Member of N.
STATE BANK,
York.
OLIPHANT.
BANKERS AND BROKERS,
also
American
Pkrixo Brown, Pres't. W. H. Patterson.
C. F. 1*k\'/.kl,
Ewell
Buy and
Georgia securito
New
V. Stick
Sell en
GOSSLER
on approved Collateral.
No. 58
Collections solicited.
refers
Co:,
fully furnished.
Boy and Sell on Commission all Securities
Current at the New York Stock Exchange.
Allow Interest on Deposits. Make Advances
Bank
OF GEORGIA,
ATLANTA. GEORGIA.
Corresponds with and
Exchange National Bank.
&
Commiuion. /or Cash, or em'
Margin, Slxkt, Bondt,*nd all Inveitmont
;
Citizens'
Kimball
U years memterthi/ in N.
BANKERS AND BROKERS,
No. 19 Broad Street, New York,
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
ic
NEW YORK
Correspondence solicited and inf oriiatlon cheer-
N. Y. Stock Exchange,
Buy, Sell and Carry on Margins
BANKERS.
MOPII.K,
Co.,
Howell, n. P. Henderson,
J. P.
Members
r.
P. MII.l.KK. R. D.
&
Kimball, Howell
A. K. Wii.kik, Cashlei
«ii.i|iM;r'0,
t
<T.
York.
BONDS. STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
C.
National Bank,
First
ties.
R.
BANKERS AND BROKERS,
•lished.
THOS.
1,1879.
Sell
Buttrick
at
specialty.
S.
NEW STREET,
1
May
SoturUiee, in
ST.).
BANKKR8 ISu SisOKKRS.
HAi.TliT.OBE.
1NVKSTMKNT and VIRGINIA SECURITIES
Correspondence
BOYDS,
.,
i
PHILADELPHIA.
•«,.
•
HAS REMOVED TO
No.
York.
A M. Kidder. Wavi.andTra.sk. H.J.Morse.
id
Wilson, Colston
R
E
S ,
OF WALL STREET AND BROADWAY
Buy and
Stocks and Bonds promptly executed
:'he Pnilartelpnta and New i ork Boards.
orders
.
SECURITIES, CITY
Gas Stocks, A
4 Exchange Court,
Transact a General Banking Business, including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
Austin,
Bell
K
\
New
Bultlmorc Bankers.
<Y
J.
CAJ Co.
K
II II (>
STOCK BROKER,
*03 WALNUT F-LACK (316 WALNUT
1
Beers, Jr.,
BANKERS and BROKERS
H. Peck,
F.
BANKER AND
CO.,
a.
WILLIAM STREET.
03
STATE KTKEET, BOSTON.
State. City,
N.
kiwiin
v
J.
CO.,
NAS8AU STREET,
26
BANKKRS
to
•>(>••
MOUTH-
firms
Municipal Bonds.
1
'lllllll.ll.l iin l ||i;
It l>'l I. UN DIVISION,
Comprising £13 Miles, formerly known as the
FRANK JENKINS
BANKERS,
Street, New
ST.,
IN
1,
Interest Payablb January and Jolt.
i'AI'KIt
subject to
HATCH,
52 William
Boston,
BANKERS AND DEALERS
Chas. A. Sweet
B.
Paton
Jesup,
Oeo.Wni.Ballou&Co
8
DEPOSITS
Chicago Mil. & St. Paul
Railway Co.
Western Union Railroad,
Ubohob 11. Holt,
Member N. V. Stock Exchange.
««<>. «r«. i'.allou.
COMMERCIAL
and
Interest paid on
Bond*
tar Six Per Cent
,
OPEN Coupon Bonds or $1,000,
with Begtstratlon Provision,
SECURED BY A
reputable Securities bought and sold In the
tsaper.
-
or IBB
Purchase and aell, on Commission, 00 V ERNM KNT,
STATE, MUNICIPAL and RAILROAD BONOS
Hoslon, {nana.
Dealer,
lllllIM ill!.
I
Tiiinj
^^Bjin^B^^
rOMGRRM STREET,
iii
<fc
MONEY CAREFULLY INVESTED
for Capital,
Trustees of Estates, Guardians, Klre and Life
Insurance Companies, Savings Banks, Corporations
ists,
and other
investors.
Strictly conservative.
LOANS CAREFULLY PLACED on Western
Farm Mortgages, at 8, 9 and 10 per cent interest, and
on choice business property in Cincinnati, Cleveland, Indianapolis, Detroit, Chicago. St. Louis. Kansas City and other large Western cities. Current
Interest collected without charge. Loans carefully
placed also on Real Estate in the Cities of New
York, Brooklyn, Jersey City Newark, Ac.
MUNICIPAL. DISTRICT SCHOOL, GAS AND
WATER BONDS, RAILROAD and other CORPOR-
ATE BONDS negotiated. Defaulted Bonds converted into Interest-paying Investments. Coupons
collected.
TEMPORARY LOANS made to Counties, Towns
Cities In anticipation of taxes and other
revenues. Coupons paid for States, Counties, Towns,
Cities. Railroad Companies, Ac.
WILL ACT AS STOCK TRANSFER AGENT for
Railroad, Mining and other corporations, and also
as Trustee of Bonuh older*.
FINANCIAL NEGOTIATIONS conducted for
States, Counties, Towns, Cities, Railroad and other
Corporations, and Individuals.
J ohn C. SHORT President.
GBO. W. Debkvoise, Vice-President.
WM. P. WATSON, Secretary and Treasurer.
and
:
:
THE CHRONICLE.
&
H. H. Hollister
Co.,
BANKERS AND BROKERS,
Stocks, Government s and
bought and sold on commission.
Miscellaneous Securities
New
43
BALTIMORE HOUSE:
»1 South Street.
s.reot.
H. H. HOLLI8TER,
EL H. HOI.L1STER,
8. H. Udkan,
Kobekt B. Holmes,
Members of New York Stock Exchange.
&
Smith
Hannaman,
INDIANAPOLIS, INDIANA,
MAKE SAFE AND
TIBUS CHICA AGO & INDIANA
RAILWAY COMPANY'S CONSOLIDATED FIRST MORTGAGE
LOANS
I'ltoni'T
Company's receipts for C.
& t. C. Consolidated Plrfl Mortgage
Bonds, deposited under the agreement or Marco 17,
1879, who nave not yet signed the Supplementary
Agreement of August 22, 1*79, are requested to do
so at once, and have their certificates stamped at
the office of the Union Trust Company.
It will g-reatlv simplify and facilitate the task of
the committee 'to have all the bonds placed under
one agreement, and the interest of the bondholders
'.
requires that they respond to the present call with
promptness, so that the committee maybe able, at
the further hearing to be had before Judge Harlan
December 1, to exhibit the bondholders in the proper
position of compliance with the decree for specific
performance, and which the general Interest of all
requires the prompt action now called for, the committee are confident that no bondholder who now
holds back can gain any eventual advantage by so
doing.
Copies of the Supplementary Agreement can be
found at the offices of the Union Trust Company,
71 Broadway, and A. lselln & Co., 48 Wall street.
)
R. T. WILSON,
New
&
Co.
P. Miller
BANKERS
MOBILE, ALABAMA,
buy and seix
Alabama State Bonds,
Mobile City Bonos,
Mobile A Ohio Railroad Securities.
SOUTHERN NEVADA MINING
CO.,
8ANTA FE DISTRICT, ESMERALDA CO., NEV.
MAIN OFFICE. RENO., WASHOE CO.. NEV.
NEW YORK OFFICE, 17 BROAD ST.
Authorized Agents at New York aud Boston for the
sale of a limited number of stock,
Bankers,
S.
M.
No. 17 Broad Street, New York, and
No. o'i Devonshire Street, Boston.
STEKNBERGER,
&
WANTED
WANT '.!>:
TO THE HOLDERS OF
NOTICE
STOCK CERTIFICATES OF THE WABASH
AND THE ST. LOUIS KANSAS
ERN RAILWAY COMPANIES.
4 NORTH-
CITlf
CYRUS W. FIELD,
New York, November 10,
STOCKS
J.vo.W. Lapslev, Trustee,
i
,
In theChaneery Court at
The Selma & Gclf R.R. Co., el al.) Selma, Ala.
NOTICE IS HEREBY GIVEN to the holders and
owners of what are termed the "First Mortgage
State Endorsed Bonds of The Selma & Gulf Kail-
Company" that the railroad and other propcompany was sold on the 22d day of
September, 1879, tor the sum of one hundred and
twenty thousand one hundred dollars, and that,
after paying or/and discharging all preferred claims,
there will remain in the hands of the Conn
about fifty thousand dollars to be distributed pro
rata among the holders of said bonds who snail
present and prove their bonds within the time required in this notice. And the said bondholders
are further notified that they are required to present and prove their said bunds before the undersigned on or before tin; 1st day of Moron, 18b0, or
they will be forever barred of the right to share in
the distribution of said fund.
road
erty of said
May
1, 1879, will be paid on presentation at the Third
National Bank in this city, on and after Friday, 81st
Inst., in accordance with the order of the Unired
States Court.
W. BAYARD CUTTING, President.
1-
-
Brooklyn Securities Bought and
E.
Bail E Y
S.
7
Sold.
PINE STREET.
Dealings
Insurance
Stocks
A SPECIALTY.
;
H. L. Grant,
No. 145 BROADWAY,
NEW YORK.
CITY RAILROAD STOCKS k BONDS
BOUGHT AND SOLD.
STOCKS
and
BONDS
mndersigned
SALES
of
all
classes of
on
No. 7
JIIJLLER
PINE STREET,
NEW
«fc
PRINCIPAL DUE 1909.
1 and march
No.
BROAD STREET,
A
amount of the above prime investment
limited
DE JONGE &
CO.,
46 Exchange Place.
&
Co., 05
Pacific
Broadway, on
QFFICE OF THE PULLMAN PALACE CAR COMPANY, CHICAGO, Nov. 1, 1879.
49TH
CENT
QUARTERLY DIVIDEND.
usual Quarterly
TWO PER
Dividend of
on the Capital Stock of
this
Company has
the follow-
15, at
The Farmers' Loan A Trust Company, New York.
New England Trust Company,
Company's
Office,
SON,
TORS.
8.
Boston.
DUE
WEINSHEIMER,
OF TBE
1905.
Issued at $12,000 per mile of completed road.
Principal and interest payable In New York in
United States Gold Coin or in London or Frankfort
at the option of the holder.
Coupons May and November. Registration of
Bonds provided.
FOR SALE BY
WIXSLOW, LANIER &
CO.,
No. 26 Nassau Street.
WAXTED
All kinds of
MISSOURI and ILLINOIS DE-
FAULTED COUNTY BONDS.
price paid for them.
address,
L. A.
Give
Highest market
full description,
BANKER AND BROKER,
124 N. Third
and
COQUAIID,
street, St. Louis,
Mo.
MISSOURI COUNT V BONDS.
Buchanan County, Mo.,
Cass County, Mo.,
10's.
10's.
Capo Girardeau County, Mo.,
10's.
Chariton County, Mo., 8's.
Daviess County, Mo., 7's.
Henry County, Mo., 10's.
Howard County. Mo.. Chariton Township.
Henry County, Mo., 10's.
Marlon County. Mo., Mason Township.
Morgan County, Mo.. 10's.
Pettis County, Mo., 10's.
St. (lair County, Mo., 10's.
Kails County, Mo., 10's.
Sullivan County, Mo., 7's.
ic
WANTED BY
4 Broad
KIRK,
Street.
CHICAGO & CANADA SOUTHERN,
ST. JOSEPH & WESTERN,
ST. JOSEPH & PACIFIC,
KANSAS AND NEBRASKA SECURITIES,
BOUGHT AND SOLD BY
I
S. STANTON, 19 Nassau Street.
Texas Bonds.
STAID, RAILROAD, COUNTY AND
BOUGHT AND
SOLD.
CHEW, 29 Broadway.
FLEECE GOLD &. SILVER
G<OLDEN
r
J. C.
MINING COMPANY.
.
Main
Office, Reno, Washoe County, Nevada.
Office, No. 17 Broad Street.
New York
Authorized Agents at New York and Boston for the
sale of a limited amount of stock,
M. & S. STKRNBERGER. Bankers,
17 Broad Street, New York,
And 52 Devonshire Street, Boston.
Albert E. Hachfield,
10
NASSAU STREET,
BASEMENT,
Deal* In Investment Securities and
Bonds Generally.
IV ANTED.
Chicago.
Secretary.
NEW YORK
A JI1 11 It I It
desires to negotiate either with
parties wishing to form a Stock and Banking House,
or with a Arm already established. Address,
A. B. C. D., office of this paper.
Ji 8tock Exchange
RR. Co.
FIRST MORTGAGE SINKING FUND
Seven Per Cent Bonds.
MUNICIPAL BONDS
Transfer books close on the 20th instant.
H. B. PARSONS, Assistant Secretary.
The
&
Denver South Park
11.
per share has been declared for October, payable
at the office of Wells, Fargo
the 25th Instant.
1.
Coupon Bonds in Denomination of *1.000 each,
with registration provision.
The Regular Monthly Dividend of Thirty Cents
A.
WEDNESDAYS AND SATDRDAT8.
II.
31
ing offices
STOCKS AND BONDS,
ADRIAN
Treasurer.
NEW YORK, November 13, 1879.
been declared, payable November
REGULAR AUCTION
hold
TAYLOR,
'-'MINING COMPANY. No.
ISSUED, $500,000,
same amount of Bonds which matured
and were paid off September 1, 1879.
AFFIOE OF THE HOMESTAKE
this paper.
At Auction.
The
AMOUNT
to replace
TWO
AND
DIVIDEND
Cash paid at once for the aboTe Securities or they
nil he told on commission, at oiler's outlon
See quotations of City Railroads In
delphia, Nov. 1, 1879.— The Board of Directors has
this day declared a semi-annual Dividend of
ONE-HALF PER CENT on the capital stock
of the Company, clear of all taxes, payable on and
after Nov. 29 to stockholders as registered on the
books at 8 P. M. Oct. 31.
D.
MARTIN,
&.
Six Per Cent 30 Year Bonds,
SECURED BY MORTGAGE ON GRAND RIVER
VALLEY BRANCH.
PANY, Treasurer's Department, Phila-
JOHN
In
OST
MICHIGAN CENTRAL RR. CO.
PENNSYLVANIA RAILROAD COM. TOBEY
A SPECIALTY.
for sale by
I
21 Nassau Street.
President.
,
CAS
CLARK,
1879.
;
BROAD 8TRSET.
amount
limited
bonds for sale by
According to the terms of consolidation between
these companies, the stock of the Wabash St. Louis
& Pacific Railway will be ready for delivery at the
office of the company, No. 80 Broadway, on FRIDAY, November 14, in exchange for the certificates
of the former companies as follows, viz.:
Holders of Wabash Railway certificates will be
entitled to one share of preferred and one share of
common stock of the new company for every two
shares of the old.
Holders of St. Louis Kansas City & Northern Railway certificates will be entitled to preferred and
common stock, share for share, in exchangefor preferred and common in the old company.
The office will be open for the exchange of stock
from 10 A. M. to 8 P. M.
Ii.
24
A
Interest September
Alabama, South Carolina tc Louisiana
H.CRAIG, Register.
State Bonds;
New Orleans Jackson A; Gt. Northern. ST. LOUIS ALTON AND TEBBE
Mississippi Central, and Mobile
HAUTE RR. CO No. 12 Walt. ST., NEW Voun,
& Ohio Railroad Bonds
Oct. 30, 1S29.-TO the Holders of SECOND MORt]
City of New Orleans Bonds.
GAGE PREFERRED BONDS Of the ST. LOUIS
LEVY A; BORG,
ALTON ,t TERKE HAUTE RAILROAD COM88 WALL STREET.
PANY.— Coupons of series D of these bonds, due
Geo. H. Prentiss,
The city has reduced its Indebtedness 20 per
cent In the last Ave years, and its tax rate has been
proportionately reducod.
15, 1879,
NOTICE.
UTLEY,
Fort Wayne, Ind.,
FUNDING 20-YEAR SIXES.
WILLIAM W11ITEWRIGHT. > Committee.
ADRIAN ISEL1N,
)
York, November
:
Atchison A Pike's Peak RIt. Bonds and Stock.
Chicago A Illinois Eastern UK. Bonds and Stock.
City, County and Town Bonds of Western States.
City of St. Joseph, Mo.. 7 Per Cent Bonds.
Iowa Central Hailroad First Mortgage Bonds.
Danville Urbana Bloomintrton & Fekln Bonds.
Indianapolis & St. Louis Railroad Bonds.
St. Louis Vandalia & Terre H;»ite Railroad Bonds.
Houston A Texas Central Railroad Company Stock.
Port Huron A Lake Michigan Railroad Bonds.
East Lincoln (Ill.l 18 Per Cent Bonds.
International & Great Northern Railroad Stock.
St. Joseph & Western Railroad st"rk.
New York & Oswego Railroad First Mortgage Bonds
N. Y. & Oswego Midland RK. Receiver's Certificates.
Utah Southern Railroad First Mortgage Bonds.
St. Louis & South Eastern Railroad Bonds.
K.
31 Pine St., N. V.
WM.
ITnion Trust
(
REAL ESTATE SECURITY.
Thomas
<
of
XXIX
Financial.
»Ll
HOLDERS OF
CENTRAL
<>
I
BONDS.— Holders
NEW YORK AND BALTIMORE.
NEW YORK HOUSE:
fVOL.
Financial.
FlnaiH-iul.
,
Toledo Logansport & Burlington Bonds.
Union & Logansport Bonds.
Home Watertown & Ogdensburg Bond?.
Flint & Pere Marquette Bonds and Stock.
Indianapolis Bloomington & Western Oil and
New Securities.
New York & Oswego Midland
New Jersey Midland Bonds.
Bonds.
gMbtanW
temclt
HUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
YOL.
SATURDAY, NOVEMBER
29.
CONTENTS
NO.
1879.
15,
than argument, for
751.
tantamount to saying
money for from ten
Wlmt Nextl'
501
Usury Laws and High Interest 497
to thirty dollars, when the law says they shall sell it for
Monetary and Commercial
Stock of Gold in tbe Bank of
English News
502
France
498
only seven, still if there were no law at all, they would
Tbe Silver Question in Europe. 4!)8 Commercial and Miscellaneous
504
Steam or Sail Pilot-Boats
News
4<J9
never take seven. A law which produces no effect whatRailroad Earnings in October,
and from Jan. 1 to Nov. 1
SCO
ever is better out of the way; a law which aims to effect a
THE BANKERS' GAZETTE.
Quotations of Stocks and Bonds 508 specific limitation and notoriously fails to do so, is surely
Money Market, IT. S. Securitics, Railway stocks, Foreign
509
New York Local Securities
Kxchange, New York City
[investments, and State, City
put on the defensive. But do not usury laws, so far as
tion rather
THE CHRONICLE.
. .
that although
men
it is
the use of
sell
.
|
|
Banks.ctc
505
and Corporation Finances... 510
1
THE COMMERCIAL
Commercial Epitome
514
514
Cotton
I
I
TIMES.
519
520
Breadstuff's
Dry Goods
they work at
intended
?
work
all,
And
in
the form the rate takes
3£hc Chronicle,
The Commercial and Financial Chronicle
day morning, with
the latent
news up
to
is
issued every Satur-
midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
IN
For One Year (including postage)
For Six Month-.
do
Annual subscription
do
Sixmos.
in
but
ADVANCE:
1
7s.
8s.
Subscriptions will be continued tiutil ordered stopped by a written
order, or <tl the publication office. Tbe Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Ottlce Money Orders.
London Office.
Tbe London office of the Chronicle is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
Advertisements.
Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount Is made. Special Notices iu Banking and Financial
column 60 cents per line, each Insertion,
William 11. DANA, (
B.
& CO., Publishers.
79 & 81 William Street,
YORK.
JOHN G. FLOYD, JH.
R. 5
WILLIAM
DANA
NEW
Post Office Box 4592.
furnished at 50 cents postage on tbe same
cover
ty A neat
Volumes bound for subscribers at $1 20.
is
flic
:
is
18 cents.
I3P" For a complete set of the COMMERCIAL and Financial Chronicle— July, 1865, to (late—or Hunt's Merchants' Magazine, 1839 to
1871. inquire at the
the
cent
latter
office.
by an annual
and
is
price
of usury
penalty by
therefore,
simply
a
not
The regular
the additional
20.
6 10.
£2
per
evasion.
$10
London (including postage)
do
do
7
very suggestive.
is
easy to compute interest
it
a direction the opposite of that
in
seeking an answer to this inquiry,
without
is
is
object;
that
to
make
"commission,"
fractional
rate
It is just as
rate as
it
an
is
allowed by law
;
simply put out of the reach
taking
another
an evasion.
But
shape.
It
is,
evasions always
some degree of risk, for which somebody must
There is no question that a poor security justifies
and compels an advanced rate, the borrower having to
pay for the extra hazard; the non-taxability of Government bonds benefited the borrower only, and not the
carry
pay.
lender, the advantage appearing in a higher price
brought by the bonds; a tax on mortgages is borne by
the mortgagor; these are incidental illustrations of the
rule, too often forgotten, that the purchaser pays all
expenses.
Make
loaning
money
difficult,
hazardous, or
any way unremunerative, and the borrower must pay
for all the hazards; on the other hand, the borrower
profits by giving money the utmost freedom of movein
USURY LAWS AND HIGH INTEREST.
One
of the most noticeable of tbe recent events in the
market has been the commission asked and ment.
Whatever tends as usury laws certainly do tend to
7 per cent for call loans, reaching atone time
as high as 3-S 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 1| per day, or 547 per cent the theory is that, were there no law at all, the lenders
a year. The excessive rates lately ruling charged and would all exact eight or ten, and the borrowers would
paid only a few weeks before the new
per cent law have to pay it. To make this sound, two conditions
is to take effect
suggest as timely a little inquiry as to must be added: capitalists must be forced to lend at the
what relation exists between laws which limit interest legal rate, and it must be made impossible for money to
As
and the enormous rates not infrequently paid.
cross the State boundary lines in either direction.
Do usury laws tend to keep down interest rates, or the fac'.s are, if money will bring more outside the State
to put them up ? The fact that they 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 necesrate of seven per cent a year, and the actual payment sary, until the equilibrium
not of actual rates, but of
were restored.
of a rate ranging from seven to fifty times seven, seem rates combined with the conditions
financial
—
paid above
—
—
—
—
—
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 efficaoy
of usury laws as an heirloom from past generations, he
has never turned
made
it
over to see what the thing
Without such
of.
laws,
is
really
lenders would have to
compete with all the loanable capital there is; with
them, borrowers have still the ultimate protection of
outside capital, and in that, not in the law, is the real
But this has to be paid
present restriction upon rates.
of compensation for
in
the
shape
for, as already stated,
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, oharges for these items, and the usury
law thus operates to raise rates by narrowing the com-
among
petition
lenders and introducing artificial items
We
reach this result through portions
present return, which show that of the gold
balance now held, not much over one-third is really
indicate.
of the
for paying foreign debts.
To explain our
meaning, we have only to note that according to the
available
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-
Bank of France
now reduced to about 13
sion that the total available stock in the
for paying foreign
million
of cost into the transactions.
We
would
vol. iiix.
demands
poimds sterling
is
!
have already pointed out that the hasty interest
law of the
last
session
THE SILVER QUESTION IN EUROPE.
left the subject in confusion, so
Mr. Walker's mission to Germany in the interest of
not been unwittingly abrogated. Let us hope it may bi-metalism appears to have resulted in an absolute
prove so. The rural interests are quite welcome to have failure. Of course the best possible retreat will be made
the rate stand at six per cent after this year, for that by our Government, and the whole matter dismissed by
But any one who has watched the
will do as well as any other, in absence of any contract,; reporting progress.
movement,
will
be
satisfied
that no advance whatever
but it will be a wise step and one in the way of proghas
been
made;
on
the
contrary,
we have lost ground
accept
to
ress, if those interests can only be brought
that
it is
quite uncertain
whether
all
usury penalty has
the situation and promptly end the problem by expressly
altering the law so as to prescribe six
different rate
is
specified.
Usury
by the
will
then disappear,
both as a crime before the law and a word in men's
mouths; if any effect follows, it will be in the direction
of lower rates and freer lending; and the recognition
of the fact, that the fullest freedom is the amplest protection, may be brought a little nearer.
tffort.
In the
per cent unless a
first
place
Walker was not
it
seems to be admitted
now
that Mr.
able to obtain even an interview with
Prince Bismarck. The Prince
is
actually afraid of repre-
from the United States since the American
eagle fell astride of him in the person of Mr. Kelley.
We do not wonder at it, but are a little disappointed at
having one of our Government's accredited agents
dodged by the Premier (as it is c'aimed was the case)
STOCK OF GOLD IN 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, showIt is given out, however, that something important
ing a decrease of 22 million pounds sterling in the gold
has been attamed; for Prince Bismarck according to
balance of that institution since 1876. We then stated
sentatives
—
the representation of his views secured in the round-a-
that we had no later returns, as the weekly figures did
not distinguish between gold and silver, but presumed bout way mentioned " did not adhere absolutely to the
" 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
1
undertake not to demonetize silver in India, it would
{as the Paris correspondent
—
aays)
the
Bank has been
journals for the recent rise
of the London Economist
" warmly attacked in some
in its rate
of discount."
be sufficient, <fce." Any one who states that Prince
Bismarck even "implied" such nonsense as that, must
The
think he has a very credulous public for an audience.
October figures fully support the inference we drew.
According to them it seems thai out of a total specie
now on hand of 2,054,000,000 francs (£82,160,000) only 845,000,000 francs (£33,800,000) are gold. If,
therefore, we repeat our statement of last week and add
these returns, we shall have the following comparison.
KAXK OF FBAKCE STOCK OF PRECIOUS METALS.
balance
1874, Dec. 31
1875, Deo. 31
1876, Deo. 31
1877, Deo. 31
1878, Deo. 31
1879, Oct 30
Gold.
Silver.
£40,484,000
46,972,000
61,216,000
47,084,000
39,344,000
33,800.000
£12,528,000
20,200,000
25.514,000
34,616,000
42,324,000
48,360,000
Total.
£53,012,000
67,172,000
86,760,000
81,700,000
81,668,000
82,160,000
This gives a decrease in the gold balance of £27,416,000, or $137,080,000, since 1876. Most certainly, such
figures as these, if they do not indicate " scarcity," show
''
No
person knows better than the Prince that there
is no
England forcing demonetization in India, and
that she would be not only willing, but extremely eager,
to enter into the proposed arrangement.
Hence to
" imply" doubt on either point implies stupidity in the
doubter, which we think the Premier cannot be charged
Then again, Prince Bismarck knows very well
with.
that England has a far greater interest than Germany
And this does not arise alone through
in bi-metalism.
her relations with India; her best-informed merchants
see and acknowledge that her trade with all silver-paying countries is disorganized by the present depreciation
and fluctuations. Consequently, it will take something
more than an " implied" opinion, to convince America
that Germany has made up its mind to help England
out of all her difficulties if she will only consent not to do
fear of
a most embarrassing proximity to such a condition.
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
Novkmbkr
THE CHRONICLE.
15, 1879.1
499
We opposition which new labor-saving contrivances so often
of Prince Bismarck's views.
were only led to notice the report from the fact that exoite.
This view is made the more evident by the justithe English papers received this week speak of it as a
There must be a fication offered for the action taken. We are told it
semi-official report from Mr. Walker.
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.
The truth is, that, in the latter particu- On the same principle, railroads were " unfair " to the
to bi-metalists.
The roads would have done no harm
lar, the views expressed really amount to an actual old stage-coaches.
abandonment of the effort to secure an international to the coaches unless they had been an improvement on
Nor will these steam pilot-boats do any harm to
ratio of value between gold and silver; in the other them.
particulars mentioned, we have sufficiently exposed the the sail pilot-boats unless they are for some reason more
But the Commissioners reply that if steam is
useful.
absurdity of ihe statement.
•
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
This objection to the change does
its prosperity would be promoted by bi-metalism. In our pilot everywhere.
old
country
by
storm.
seem
to
us
very
dissimilar from the other, for if it
take
the
not
to
first effort, we hoped
All the governments but Germany came to our eonven. proves true will it not be because steam does its work so
In other
tion, patiently listened to our arguments, gave us a good much more quickly and effectively than sail ?
dinner, and over their wine encouraged us to use silver words, is it not an admission that the latter agent is for
for us; but some reason inferior to the former and cannot retain its
freely.
It was a charming idea, they said,
they very shrewdly concluded that lor 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
Since in Philadelphia and found wanting, and a sailing boat is
a kind of silver dumping ground of America.
then the course of events has not been just what they now being built for the Philadelphia service. If this is
The United States have not followed their so, what becomes of the previous objections ? Either
expected.
advice nor met their wishes by jumping any deeper into this final assertion must be false, or else the other statethe mire. Furthermore, with this absence of relief, the ments have no force. If steam cannot succeed, how
We must accept either
evils of mono-metalism have been developing and becom- can it drive off the sail boats ?
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
cates of the single standard are changing their opinions.
the change every day in the week, and the CommisBut in the midst of all these favoring conditions sioners do themselves an injustice by attempting it.
comes our second failure. It is unfortunate, seems unThis effort to introduce steam into the pilot-boat
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
this representation
—
creasing weakness.
We of course
and tie vast store of
refer to the Silver bill
silver dollars its
In the eyes of Europe
we
enforcement
is
follow,
but a decrease in the expensiveness
service
is,
we
think, the
chief reliance.
That
of
is
this
cer-
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
is neither wise nor necessary to continue in this position.
The great effort of
that it can do the same in this case.
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 26J
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 econofor 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. Very likely, when this end
our coming Congress to secure such legislation as the is attained, there will be, as is charged, only half the
occasion po plainly demands?
number of pilot-boats there are now. And, perhaps, by
that lime another agent or a new contrivance will be
STEAM OR SAIL PILOT-BOATS.
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.
piling up.
—
are
..
:
—
—
THE CHRONICLE.
600
RAILROAD EARNINGS IN OCTOBER, AND
FROM JANUARY
The
.
reports of
1
TO NOVEMBER
remarkable
October present a truly
exhibit.
month may be considered
altogether, the
the
Gross earnings,
:
1878, $271,596;
expenses,
$7,104:
earnings for the month of
railroad
reported as follows
October,
1.
[Vol. XXIX.
1878,
1879,
1st
April to 1st
$264,491;
loss,
expenses,
$214,524;.
Taken $193,527; decrease, 1879, $20,997: net gain,
most 1879, $13,8C3.
six
1879,
1879,
months
The estimated earnings of the Louisville & Nashville
Railroad
during the month of September were $515,000,
ever seen. Amidst the general improvement in nearly
of
which
$215,000 were net. During September, 1878,
largely
all kinds of mercantile business which has added
to the railroad traffic, the breadstuffs movement stands the gross earnings were $407,927, and the net $153,848.
remarkable for railroad business that the country has
GROSS EARNINGS IN OCTOBEE.
pre-eminent as furnishing the heaviest item in the great
increase of freight tonnage.
It is
1879.
unnecessary to dupli-
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. ], to Nov. 1, inclusive,
cate figures
Chicago & Alton
Chicago & East. Illinois.
Chic. Milw. & St. Paul..
Chicago & Northwest..
Ohio. Bt. P. & Minneap*.
Chicago <St West Mich*..
Clcv.Mt. Vernon & Del..
18' 8.
1879.
1.997,482
of
Great West'n of
1876.
1,627 ,842
1977.
1,752,585
1,622,989
31,206,359
11,326,181
5,436,671
2,424,324
39.120,113
31.OS7.399
13,584,662
5,314,849
2,288,191
32,104.765
27,372,979
10,070,081
4,083.905
1,625,389
29,885,4 US
8,561,425
4,146,425
1,145.874
Total grain... 99,174,120
89,397,219
75,317,149
64.721,395
bbls.
Wheat
bush. 48,090,585
Oats
Barley
Com
Bye
1,935,000
84,842
.
Grand Trunk
Flour
759,000
171,524
31 503
1,833,000
654,286
92,975
1.290,000
Central Pacific
for four years.
44,827
42,449
867,646
446.116
238,411
580,214
170,832
120,785
223,526
387,701
264.400
50,054
287,000
44,100
63,127
713,200
213.712
82,668
119,568
30,250
132,372
1,543,580
663.923
Canada t
Canada*
Hannibal & St. Joseph..
111. Cent (111. lino
(ta. leased lines)
do
Indiana Bloom. & West.
interuat'l & Gt. North.
Missouri Kansas* Tex..
Mobile A: Ohio
Minneapolis & 8t. Louis.
80,987,990
Ninth, in Pacific
PMueah diElizabetht'n.
St.L. Alt.ifcT. H.(brc hs).
St I.. Iron Mt.&South'u.
-
The total cotton crop movement from September 1 to
November 8, 1879, was 1,447,222 bales, against 1,18S,-
St. Louis* S. Francisco.
St. L.
S.E.— St. L. Div..
St. Paul
Sioux City,&c.
&
&
same period of 1878, 931,150 bales in Scioto Valley
Toledo
Peoria
and
bales
1,220,797
in
1876.
1877,
The tonnage of Union Pacific & Warsaw
anthracite coal in October was 2,995,966 tons, against Wabash
Wisconsin Valley
2,094,280 tons in October, 1878, and 703,873 tons in
229 bales
in the
Total.
October, 1877.
In
freight
business
it
is
*
well
I
have made a very laro-e
increase in earnings, but there are few details given in
the reports from which any specific information can be
that
the
railroads
{
this connection that the
freights are
at
is
be remarked
earnings of one or
a
ten
were 244.987,197 bushels
Puduruh
[
&
Lake Champlain earnings are
3,675,965
1,538.099
4,559,501
1,199,216
1,307.506
2,576,260
1,198,873
258,118
411,282
3,968,853
603,810
1,211,086
908,355
261,192
1,025,138
4,171,220
Klizubetht'ii.
&S.E.—
&
Scioto
Valhy
Toledo Peoria
& Warsaw
Wabash
Tot al
85,680,559
Net increase
104,500
"i',267
27.S72
1,269,879
517.613
21,490
273,701
146,310
5,738
28,<>SS
11,383,153 2,833,569
2,824,781
S.7S5
8,785
Increase. Decrease.
3,171,348 1,916,692
1,273,197
192,710
26.703
11,637,013
3,931,193
656,491
6,926,038
920,962
12,511,660 741,269
672,460
32,497
712,577 145,412
415,327
81.177
313,884
16,452
7,109,495
10,930
3,821,654
1,658,965
4.604,195
1.292,476
1,169,365
138,141
2,150,651
125,609
1,309,693
189,180
267,153
406,435
37,817
3,510,715 45s, 13s
540,470
63.370
987,316 853,770
892,770
15,585
232,707
28,185
1.065,770
4,210,818
115,689
120,866
41,691
93,230
80,5S8,412 5,858,740
5,092,147
766,593
62,537
210,312
9,005
40,632
39,598
Three weeks only of October in each year.
January 1 to November 1.
January
1 to October 31.
1
GROSS EARNINGS, EXPENSES AND NET EARNINGS.
The statement below gives the gross earnings, operating expenses and
net earnings for the month of September, aud from Jan. 1 to Sept. 30,
of all such railroad companies as wUl furnish monthly exhibits for
*
t
publication
September—
Atlantic Miss.
Expenses
(iuel.
extraord'y)
87,929
,— Jan. 1 to Sept. 30.->
1879.
153,880
92,131
1,166,007
1,198,143
702,062
852,397
61,749
$
Expenses
Set earnings
Chicago dc Alton—
Gross earnings
Operating expenses
151,795
91,303
1878.
8S
463,945
315,716
138,897 1.039,136
93,591
697,206
1,131,878
Rap.A North'n
Gross earnings
1
'
177,342
89,113
n
1878.
.$
,
Net earnings
Burl. Cedar
1879.
& Ohio—
G ross earnings
as a fair standard of business on
The Ogdensburg
s.->s,019
St.L. Alt. ex T. H.(brc'hs).
1879, against
214,250,515 in 1878, 134,03S,123 in 1877, and 139,72°9,124
in 1876.
Hence it may be suggested to buyers of railroad stocks that they take the earnings thus far in 1879
&
A;
1
490,504
330,336
7.420,425
St. L. IronMt. Aitsouth'n.
St. L.
St.L. Div..
St. I.ouis &s. Francisco.
St. Paul
Sioux City.Aic.
months ending
;
& Minneap*.
& West Mich'..
Central (III. line),
do (Iowa leased lines)
tnternat'l A Gt. North..
Missouri Kansas & Tex..
Mobile & Ohio
in
the unofficial reports lately tossed on the
stock market without a known father was one
to the
effect that Erie earned over $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.
Chic. St. P.
Illinois
in
Among
onload * EaMifois'
Great West'n of Canada:
Hannibal A: St. Joseph.
two months
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 earnings is commended as usual to special observation and study.
»
•
Chicago
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
1
4,587. (is
7,847,000
13,252.929
704,957
Clev. Mt. Vernon A> Del..
Grand Trunk of Canada*
maximum
at the seven Atlantic ports for the
Pacinc"!'.".'.'.'.".'.'.
Chicago MUw.'&'sVpaui
logic in the course
to
is
776,897
364,588
232,720
506,751
148,089
102,869
280,488
349,896
71.701
34.525
15,529
152,200 134,800
30,552
13,518
56,548
6.579
583,983
129,217
123,898
89,814
72.211
10,457
128.351
1878.
5,088,010
1,210.960
219,443
14.126, 60S
J
The notable increase in gross earnings comes at a time
when the prices of stocks are buoyant to a degree not
it
Central
I
$19,000 from iron and ore, showing a decided gain in
passenger business on a road whose earnings are mainly
from freight; p'ossibly there is a similar improvement
in passenger business on other roads.
previously known, and so far there
82,001)
823,722
1,373,422
64,021
36,861
38.161
312,472
29,905
11,798
59.911
167,365
10.369
466,278
361,578
20,821
7,966
4,288
90.749
81,858
5,691
73,493
22.743
17,916
3,038
37,805
198,698
$
increase of $129,217 for October, of which $34,000 was
from passengers, $33,000 from general merchandise, and
November
14,213,237
1879.
&
of the stock market, although
Increase. Decrease.
446.52S
141.619
22,771
1.773.089
486,921
Three weeks only of October in each year.
For the lour weeks ended November L
For the four weeks ended October 31.
GROSS EARNINGS FROM JAN. 1 TO OCT. 31.
Atch.Topeka.t Santa Fe.
Burl. Cedar Rap. & No..
obtained as to the nature of their traffic. The St. Louis
Iron Mountain road, which is among those showing
the largest improvement over last year, reports a total
when
1:7,22s
Net Increase
departments of
all
known
1878.
$
Atch.TopckaA; Santa Fe.
Burl. Cedar Rap. & No.
Cairo & St. Lotus
».
811,997
60,192
45,303
312,230
316,881
628,811
289,436
443,525
219.525
3,933,398
2.236,897
3,441,272
1,983,298
Net earnings
339,375
221,000 1,696,501 1,160,974
Chicago Burlington & Qulncv—
."1,481,316 1,382,123 10,303,937 10,37s.:, Is
Gross earnings
Operating expenses
606,378
672,468 5,434,743 5.569,841
Net earnings
Dakota SouthernGross earnings
Operating expenses
Net earnings.
877,938
709.655
4,869,191
4,808,707
15,506
9,437
17,131
10,875
117,205
91,123
156,896
87,383
6,129
6.556
56,082
69,508
—
'
November
THK CHRONICLE.
15, 1879.1
—Jim.
September.
,
1870.
nouatoii
Gross earnings
Operating exp. and taxes..
Net earnings
International
A
(treat
3
K'i'r"
152,561
?: [i-':l!
1.....24 1
~212~379
197,311
Gross earnings
1878.
,705,552
1,290,070
1
4U.17G
.,_-__
155,681
86.061
1,0*3,080
820300
9I<.-,,
030,870
82,823
09,023
203,180
208,007
105,769
53.700
80,971
62,352
47,009
31,019
10,086
7,380
7,737
10,307
112,604
339,213
eaniiuirs
Uonpb. Pad. & Northern—
Gross earnings
Operating expenses
3,400 def.2,770
Net earnings
Nashv. Chart.
Bt. LouisGross earnings
exp.,
Operating
Inol. taxes
who has deposited an evidence that he possesses capital, to a
borrower who wishes to use it, its reserve of capital in coin
constituting only a margin or balance needed to make the
transaction safe both for the
702,253
Lex.—
Gross earnings
Operating expenses
Net
Sept. 30.-
178,940
98,124
Net earnings
[/iulsvllte Cincinnati >x
1,087,084
1,284,826
''
North.—
OparatKgexpenses
1 to
1879.
1878.
& Texas Central-
.V-
157.303
123,197
56,297
1.271.021
814,501
,188,032
86,574
70.739
37,200
430,320
387,110
B00,92i
1,590,639 1,402,197
319,770
215,140
233,031
193,331
104.030
Louis Iron Mt. & Sout'n—
591,075
Gross earnings
Operat'g and extra'}- exp. •J.V.I. 3^7
94,753
403,819
197,911
331,088
211,908
81,910
41,323
62,958
40,103
Net earnings
St.
Net earnings
St. L. & So.Eiust.— St.L.Div
Gross earnings
—
Operating expenses
tions ?
That such a gigantic failure as that of the City of Glasgow
Rank should have caused
lharp advance in the rate of interest Is not to be wondered at
Would not the same advance of
rate have occurred had there been no change in the legal
tender act of Germany, and no silver question at issue? Did
not the same thing occur when Overend, Gurney & Co. failed
The material point is this: we have withheld our
product of gold for many months, and have now drawn
SeO.OOO.OOO from Europe, yet the Bank of England rate has
just been advanced to 3 per cent, and it is doubtful if the outside rate will respond.
in 1866 1
The questions
1,104,612
1,153,97
321.172
408.3-59
330.1123
353,550
37,085
Gross earnings
Expenses
Net earnings.
The following August
J
1,638
67,244
43,088
34,533
25,077
24,130
8,801
1879.
1878.
Alabama Gt. Southern—
$
$
Gross earnings
Operating expenses
34,807
31,850
Net earnings
& Mo. River
Burl.
in
—
much silver ?Was not the amount
or larger thau, the
253,550
421. 71
204, 7'.
490,875
243,938
217,015
240,937
Ought not these questions to be answered before any determination can be reached as to what was the true cause of
tke temporary depreciation of silver ?
Was it excess of gold, or such an ample supply of gold that
even the events of 1873 and the failure at a later tims of the
Glasgow Bank, with all the huge bankruptcies that accom-
— 1879.
$
254,997
1878.
$
220,041
220,797
108,640
31,956
52.157
444,302
931,080
401,240
Net earnings.
Y. Lake Erie & West.—
Gross earnings
117,030
111,287
698,543
579,849
1,450,223 1,445,929 10,388,547
353,980
870,120 7,620,619
9,735,235
6,881,033
591,237
Canada—
S.
145.515
92,885
Net earnings
Great Western of
Gross earnings
Operating expenses
Net earnings
94,343
If
—
made but a temporary disturbance the latter causmoney market.
That there should be a somewhat smaller supply of gold in
panied
it,
ing only a ripple in the
Europe than in 1876
is
not a matter of
wonder; but that
it is
not tnstly less, in view of the cessation of our shipments and
our late demand, is remarkable, and seems to indicate abund-
ance rather than scarcity.
As I have stated, I am unable to give the figures in answer to
If
my
de-legal-tender-ized" silver.
observations are correct, this table will be a very
and will at once bring to the front the main
This main question is not the silver question, socalled
that is but a mere incident of comparatively little
Whit have been, and what are to be, the
importance.
It is
consequences of the decreased, and still decreising, cost of producstartling one,
question.
;
$221,900 $209,100
a few suggestions last
these questions, but
Germany "
52,030
50,814
Aug. and Sept.
1879.
1878.
$071,000 $670,000
449,100
460,900
—
"WHAT NEXT?"
We offered
?
?
it
seems to me they are essential to
any right understanding of the questions now pending, and I
569.803 2,701.928 2,854,252
beg to suggest that a table is needed of the coin reserves of
a,
£
145,657
the Banks of Europe on the 1st of July of each year since
—
Canada—
.
large
combined on
not, what was the
510.86SJ
1,142,845
of
1879. as
231,746
106,320
55,033
Net earnings
1,
silver
proportion
70,088
58,158
Gross earnings
Working expenses
and
the 1st of July, 1S70, 1871, or 1872
1
Grand Trunk
of gold
114,709
Gross earnings
Operating expenses
Operating expenses
of gold coin only, July
amount
704,419
Neb.—
N
:
'72 business
161,217
have but recently come to hand
Jan. 1 to Aug. 31.^
-August.
figures
and
788,789
557,043
St.
Net earnincs
Southern Minnesota-
of fact that need to be answered are these
was active.
What was the
quantity of coin held by the Banks of England, France, Ger9,093,107 9,986,009 many, Sweden, Holland, and Belgium, July 1, each year, and
what proportion consisted of gold, what of silver? Nations
2.190,731 2.025.S90
1,598,083 1,177,171 using paper money need not be considered.
Our excessive demand for gold had not begun until July 1,
592,093
548,719
Business was then, and had long been, dull and de1S79.
3,255,653 2.920.
pressed in Europe. What wai the quantity of coin in the
2,151,011 1,772,'
Banks above-named at that date ? how much gold, and how
In 1870, '71
as,
40,585
22,553
Net earnings
Paul & Sioux City— (consolidated road)
110,713
91.080
Gross earnings
73,028
08,448
Operating expenses
bank and for the depositor, this
and under different condi-
reserve varying at different times
Net earnings
Pennsylvania (all lines east of pittsbnn r&Erie)3,330,528 2,8->S,646 24,516,812 22,810,018
Gross earnings
1,745,889 1,450,440 14.8^3,105 13,333,909
Operating expenses
Net earning
Philadelphia & ErieGross earnings
Operating expenses
501
week with reference
tion of both gold
and
silver ?
and silver became money by natural
Mr. Atkinson's communication of the
next,
selection; coinage followed, both private and public;
previous week, with the above title. lie has sent us the governments assumed the coinage exclusively; legal-tender
following reply, which we gladly publish, but do not see acts came last in the sequence, and it would be interesting to
that it calls for any further remark from us at present- know how the first conception of legal tender arose. Must it
In another column, however, we give a later return of not have ensued from a debasement of coin? When a pound
pound of silver there could have been no conthe Bank of France, confirming the position taken in sterling meant a
ception of a legal tender, but when it meant half a pound, legalour previous article.
tender acts became as necessary as they are to force irredeemaAs
to one point in
To
the Editor of the
Sir:
tion
I
Financial Chronicle.
submitted in your last number, in respect to which
you have expressed a doubt; but may I venture to suggest that
great depression in business in England and elsewhere in
Europe can hardly account for the accumulation of gold
in
banks.
The use or disuse of capital is one thing, and the existence of
a large reserve of gold is quite another.
Large amounts of capital may be measured and transferred
on a small reserve of coin in one state of affairs, and small
amounts on a large reserve at another time under other conditions.
said before, gold
—
—The data are not at my command to prove the proposi-
which
I
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
in the form of bullion.
Both metals would continue to serve
the same purposes if every legal-tender act of every State was
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 and 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
ble
Does not a bank transfer the use of capital from a lender, to
1848, inclusive, the production was:
.
—
..
..
:
THE CHRONICLE.
502
The open market
charged by the Bank of Eng$9,331,000,000 land, an advance of about one per cent having taken place durand ing the last two months, viz., from about % to V/e per cent. A
omit 1849 to 1851, when the rush to Australia
.
Sliver.
.
Gold.
Total.
We will
XXIX.
[Vol.
and take Cernuschi's
California took place,
inclusive, 27 years:
$5,705,000,000
2,626,000,000
figures, 1852 to 1878
an advance
Bank
in the
rate takes place.
rates are very little below those
large quantity of paper, in connection with the importations of
wheat and with the improvement in general businesses now
The Bank
maturing, and is influencing the open market.
^fxo'llv'loo
l.tlu.J-i/ .ow
of England does not appear, however, to have derived much
$4,400,987,800
Total
benefit, there being a small decrease in the total of " other
Gold supply of 27 years increased apparently 114 per cent securities;" but as there is now very little difference between
and silver 25 per cent, as compared to the previous 350 years.
the open market and the Bank of England published rate, the
has
In these 27 years the average production of both metals
Bank will probably secure a larger share of the discount busivaried but little, and both metals have found their place and
Production of gold
Production of silver
and are finding their
or prices by law if we can
their use
ratio.
Why
not regulate
all
fix the ratio or price of silver?
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 penetrates them and when even Lynch law takes the place of
ratios
What
will
Mexican law ?
Is the 2nd and 3rd Comstock lode more improbable than the
1st?
The railroad, modern science, and the common law, have been
applied to gold and silver mining only since 1866. What next?
National debts were of little importance until the French
Eevolution; they now amount to about $28,000,000,000, mostly
ness doing.
The following are the present quotations
for
money:
Bank
Open market rates—
Per cent.
4 months' bauk bills
2 38®2 ifl
6 months' bank bills
2»s®234
4 & 6 months' trade bills. 2 a 3
Per cent.
2
rate
Open-market rates
30 and 60 days' bills.
3 months" bills
1 78
i-j
1 78
The rates of interest allowed by the joint-stock banks and discount houses for deposits are as follows:
Per cent.
ifl®l
Joint-stock banks
Discount houses at call
with notice
do
*v
H
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Con-
owed by European
the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality, and the Bankers' Clearing House return, compared with the
three previous years:
in
Circulation, including
States for wars incurred by dynasties and
which common people had no voice. These debts and
.standing armies are now the chief cause of poverty and pau-
What
perism.
What
will
next?
be the effect of cheap gold and silver on national
debts?
be the effect of cheap gold and silver on the
to borrow for future wars?
What effect on war itself if pay a* you fight becomes the rule?
Perhaps these are visionary questions, but the Pacific Railroad
is an absolutely new and great factor in the history of the
world, especially in its financial history, and when the welldeserved monument to Oakes Ames is erected it may bear an
inscription, the purport of which we cannot yet conceive.
E. A.
Boston, Nov. 11, 1879.
What
will
power of States
^iauzXvix g I toimei;cial gtifllisT* Hews
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDONEXCHANGE ON LONDON.
OCTOBER
On-
30.
Time.
Rate.
Short. 25-27i3®25-37is
3 mos. 25-47 12®25-52i2
Parls
Palis
Amsterdam
Amsterdam
Antwerp
'«
.
.
Berlin
Hamburg
. .
Frankfort
. .
"
*'
St.Petersb'rg
Copenhagen.
Vienna
Madrid
Cadiz
Lisbon
M
"
*'
"
"
90 days
Genoa
12-3%®124i4
12-1% a 12-214
Short,
3 mos. 25-55 ®25'60
20-57
®2001
10-57
®20'61
20-57 ® 20-61
2478 ®25
18-44
11-85
®1V90
•Calcutta
60 days
u
Oct. 30
Short.
25-25ia
Oct. 30
Oct. 30
Short.
Short.
46'8 ®47
12i6
25-30
20-34
Is. 8iad.
Is. 8hid.
.
Oct. 28
3 mos.
2bH
Oct. 30
Oct. 28
3 mos.
116-60
47-50
30 Short.
28-65
Oct.
Oct.
Oct.
Oct.
_!!>
30
30
3 mos.
6 mos
96
Is. 813 ]6 d.
Is. 8'3 16 d.
[From our own correspondent.l
London, Saturday, November 1, 1879.
Business has been quieter during the week, and there has
been less speculation. Attention seems to have been directed
to securing profits, and the result has been that prices have
experienced a fall. The tone is, nevertheless, good, and sound
and legitimate business is increasing. In the money market
there are indications of improvement, owing chiefly to> the fact
that gold continues to be sent away to New York and Berlin.
During the week embraced in the last Bank return, about
£ 1,200,000 was withdrawn from the Bank for exportation, but
the total supply held is still large, being nearly £31,000,000.
The stock has, however, been diminished by about £4,000,000,
compared with the highest point. The diminution in the supply of gold in Europe has been very considerable during the
last two months, and had it been accompanied by an active
commercial demand for money, the rates of discount would
have improved considerably. But the mercantile inquiry for
money is only beginning to show indications of increasing,
though there is reason to believe that it will not be long before
£
30,331,237
2,715,768
28,310,943
16,037,672
22,642,589
10,333,731
28,428,597 29,149,264
5,781,462
4,080,473
21,100,826 29,103,020
15,123,604 17,008,228
18,633,156 16,639,955
9,678,797 19,218,686
25,447,159
22,791,442
3303
37-50
5 p. c.
9H38
33,001,541
54-52
2 p. c.
6 p. c.
2 p. c.
rate
94 13
95?*
97*8
Consols
53s. 7d.
47s. Id.
39s. Od.
49s. lOd.
EDS. wheat, av. price.
6i8d.
73 16 d.
5 Slid.
67, „d.
Mid. Upland cotton. .
9i4d.
10%d.
10%d.
10
No. 40 mule twist.. ..
Clearing-house return. 80.782,000 91,401,000 103,601,000 104,894,000
Bank
The
price of silver continues to rise,
and the quotation for
ounce. The supply here is small,
and, as the Indian exchanges are improving, a further advance
in the quotations is probable. The Council bills on Wednesday
were disposed of at an advance of two per cent, and next week
fine bars
is
now 53%d. per
This advance in exchange and in
is to be allotted.
has had a good effect upon our Indian and Eastern trade,
and there are now strong hopes of relief being afforded to our
cotton market.
£500,000
silver
are the current rates of discount at the prin-
cipal foreign centres
Bank
Open
Bank
Open
rate.
market.
rate.
market.
Pr. ct.
Pr. ct.
Pr.
ct.
3
3
3
Paris
Brussels
Amsterdam
413
4^2
413
413
Berlin
Hamburg
47 ®47 1e
521, 6 ®52S 16
3 mos. 29171a »29-22ia
....
Rate.
®18-48
Alexandria..
Bombay
Time.
£
£
£
1876.
1877.
1878.
1879.
28,571,156
bauk post bills
4,898,500
Public deposits
3
Other deposits
1 ,932,439
Governm't securities. 19,070,528
17,863,355
Other securities
Res've of notes & coin. 17,832,143
Coin and bullion in
31,097,433
both departmeuts
Proportion of reserve
48-02
to liabilities
The following
Latest
Date.
Oc"t.30
sols,
Frankfort
Leipzig
258B2T9 St. Petersburg ...
3 ®3i* Vienna & Trieste.
3
3 78®4i8
3S4®4
3%®4
4
4
Genoa
Geneva
213
a-1'4
4
Madrid. Cadiz &
Barcelona
Lisbon & Oporto.
Calcutta
Copenhagen
New York
6
4
4
5
6
3ia®4
IT. ct.
53»®6
3 78®4l8
®5
®6
3Va4
6 ®7
2H
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 expenditure at 726,319,741 marks, showing a deficiency of 5,607,000
marks. There is, in addition, to be an extraordinary outlay of
42,642,650 marks, so that about 49,000,000 marks will have to
be borrowed. In this country, about £27,000,000 of floating
debt
is
in existence.
of vessels on the Clyde during the month of
October represent a gross tonnage of 11,815 tons, as against
The launches
12,000 tons last month, 14,000 tons in Oct. of last year, and 23,000
tons in October 1874; but while the amount of tonnage launched
during the month does not figure largely, the work on hand
has received a large and substantial addition. So far as can be
new iron have come to the upper and
10,000 tons to the lower reaches of the river, in all 44,000 tons.
Inquiries are numerous, and a healthy tone prevails.
ascertained, 34,000 tons of
The Mayor
of Sheffield having been requested to interpose in
workmen who are locked out at the Birley
favor of the old
Collieries,
near Sheffield, in which about 1,100
men and boys
are employed, has declined to interfere in any way. He saya
he has had considerable experience with trade unions, and has
come to the conclusion that the distress they are the means of
'
November
15,
1879.]
:
THE CHRONICLE.
503
producing can never be compensated by any imaginary gain
which the members hope to realize by being connected with
them. For his own part, he believed they have tended greatly
to produce the depression which has so long existed in the
prospect are by no means excessive. It is still the opinion of"
the trade that when the recent speculation has been arranged
the market will again assume a firm tone. It is probable, however, now that prices have somewhat declined, that larger-
country.
At the Michaelmas rent audit on the estate of Lord Fitzhardinge, it was stated that no less that 27 of the tenant farmers
supplies of home-«:rown produce will be sent to market, as
British farmers hold in rising and sell in falling makets. We
have now passed through two months of the season, and very
little of the English crop has been marketed.
were about to leave.
It is estimated
The metal trade continues to show considerable firmness, and 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 conuce markets, Messrs. W. J. and H. Thompson state that there siderable influence. The autumn has thus far been very favorhas 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.
During the week ended October 25, the sales of home-grown
not been quite so buoyant, yet the enhanced quotations are,
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 then a comparatively quiet feeling has prevailed. and it is estimated that in the whole kingdom they were
Accounts of the beet crops are geting worse, and the probable 142,500 quarters, against 201,750 quarters in 1878.
Since
deficiency in the yield of sugar compared with 1878-79 will be harvest, viz., in nine weeks, they have been 171,635 quarters,
at least 150,000 tons, or, according to some estimates, over
200,000 tons for all Europe. This being partly anticipated, the
quarters,
the
against
512,261
while
computed that they have been
it is
in
150
principal
markets,,
whole kingdom
the corresponding
in the
market is not quite so active as before. Quotations of raw 686,540 quarters, against 2,049,000 quarters in
sugar have occasionally risen 3d. to 6d. Pieces and crystals period of last season. Without reckoning the supplies furare Is. to Is. 6d. per cwt. higher, on account of the diminished nished ex-granary at the commencement of the season, it is
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
1879.
1878.
H77
187*;.
same firm position as last reported, the large advance quoted
Imports of wheat. cwt. 13, 178,601
9,761,527
9,822.997
6,276,804
on the 23d inst. being supported. The further extensive ship- Imports of flour
1,898,440
1,151,125
1,147,378
999,645
ments from Rio Janeiro to the United States, with the expected Sales of home-grown
',673,500
produce
2,975,000
8,879,200
8.703,000
short crop, have given a stimulus to the Continental markets.
Total
18,052,047 19,791,852 18,643,875 15,979,449
The stock now here is 1,300 tons below that of last year at same Deduct exports or
wheat and flour
214,448
505,341
370,282
202,620
date. Rice is again slightly dearer, but the demand during the
last two days has rather subsided.
Saltpetre is gradually
Result
17,837,599 19,286,511 18,273,593 15,776,829
price of English
going up, partly influenced by the great rise in nitrate of Av'ge
wheat for the season.
48s. 2d.
42s. Id.
56s. 7d.
46s. 7<L
soda. In the spice markets the leading feature has been a furThe 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 harvest, 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
1
obtain last week's rates.
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.
with the corresponding period in the three previous seasons:
IMPORTS.
1879.
1878.
9,761,527
3,024,501
2,870,982
2,764,944
1,981,063
Wheat
owt 13,178,601
Barley
Oats
Peas
158,055
462,235
Beans
323,641
613.191
1877.
9.822,997
2,036,415
2,221,528
192.999
846,657
5,204,545
1,147.378
1876.
6,276,804
2,334,285
2,062.371
195,778
918,089
8,344,129
999,045
7,022,992
4,408,728
Railway shares are now, however, at a very high price, and are Indian corn
Flour
1,898,446
1,151,125
likely to experience A. relapse should money become dearer.
i:\i IRT8.
American railroad securities have been in less demand, and are
1878.
1877.
1876.
1879.
193,413184,949
487,193
363,381
cwt.
weaker; but for Canadian descriptions there lias been an active Wheat
Barley
17.964
19,414
2,536
3,754
16,222
23.802
22,854
Oats
4,420
inquiry at advancing quotations.
Peas
14,674
3,346
5,408
3,839
The half-yearly meeting of the shareholders of the Grand Beans
5,296
4,076
4,163
1 ,263
114,849Indian
61,205
25,331
corn
276,507
Trunk Railway of Canada was held on Thursday. The PresiFlour
29.499
18,143
6,901
9,207
dent, Sir H. W. Tyler, in the course of his remarks, said that,
Engllsb
market
Reports—
Per
Cable.
practically, they had the whole of the line from Port Huron to
Chicago, and they were now making arrangements with certain
The daily closing quotations in the markets of London and
other companies to admit them into their station at Chicago. Liverpool for the past week, as reported by cable, are shown in
Up to the present time they had spent on this line about the the following summary:
£310,000 which the sale of their Riviere Du Loup section realLondon Money and Slock Market. The bullion in the Bank
of England has decreased £886,000 during the week.
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
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.
six
;
Mon.
Nov.
Tues.
Nov.
Nov.
Wed.
Nov.
8.
10.
11.
12.
13.
53»a
53*v
97i»i 8
8at.
Silver.peroz
.<?. 5313
971& 16
Consols for money
Consols for account ... 9716 18
U.S.Ssof 1881. ...:.... 105%
.
109%
4%s
of 1891
U.S. 4s of 1907
Erie, common stock
U. 8.
53»s
97i&ig
9715 16
105%
109 7e
53%
971B 16
97U>i 8
1053s
110
97T8
97 7s
105^
110%
Thnrs.
Frl.
Nov.
Nov.
97%
14.
533s
9713 ie.
97 7s
105*2
105%
108%x 108%
106»8
106%
106
106% 1063s 1063s
4134
43
47%
47%
43%
45%
102% 103
99% 100% 101% 102
That was all they would require, and it would, he said, be a Illinois Central
52*4
52
Pennsylvania
51
x52%
50%
51%
very cheap line; it was 320 miles long from Chicago to Port Philadelphia* Reading. 31%
32%
33%
35%
38%
37%
Huron. In conclusion, he said the acquisition of this line was
Liverpool Cotton Market— See special report on cotton.
the most important event that had ever happened in their hisLiverjiool Breadstuff) Market.
Frl.
Sat.
Mon.
Tues.
Wed. Thurs.
tory, and he expressed his belief that they had "turned the cor*.
<*..
«.
d.
$.
d.
».
*.
d.
d.
d
29
ner," and that brighter prospects were dawning on the company. Flour (ex. State) $ bid 30 6
30 6 29
29
29
Wheat.spr'g.No^.lOOlb.lO 9
10 9 10
10 5
10
10 5
There has been less firmness in the trade for wheat, and
"
10 2Spring, No. 3...
10
10
10 2
"
Winter, West.n.
1011 10H
11 2
11
11
11
numerous speculative realizations having taken place, prices
" 11 4
li 1
Southern, new
11
11 1
11
11
"
have declined 3 shillings per quarter. During the present
11 1
11
Av.Cal. white..
11 1
11
11
11
"
11 8
11
California club.
11 8
11
11
11
week a large number of corn bills have been paid, and sales of Com,niix.,West.¥cent'l
5 7
5 8
5
5
5
produce have been necessary in order to meet them. British
Liverpool Provisions Market.
farmers have also been delivering somewhat larger supplies,
Frl.
Sat.
Wed. Thurs.
Tues.
Mon.
d.
*.
d.
d.
9.
d.
d.
».
d.
s.
and as the importations have been liberal, while about 2,200,000 Pork, West. mess.. #bbl.53
54
O
53
O 53
33 6
33
33
33
quarters of wheat are afloat, a pause in the upward movement Bacon, long clear, cwt.. 33
34
34 6
"
Short
e
35
35 O 35
was inevitable. But the fact remains that Europe is in want Beef, nr.elear
82
82 O
82
82
uieas, ft tierce. 82
37
38 0'
37
Lard,
prime
3
37
3
B
West.
$cwt.37
of large supplies, and that those which are available
and in Cheese, Am. choice " 60
63 063
60 O 62
—
.*.
.
.
.
—
M
..
.... .
.
THE CHRONICLE.
501
©0 mmcrci al nn&J^tisccllmuaxts Qcvos.
Imports and Exports for the "Week. —The imports of last
week, compared with those of the preceding week, show
an increase in both dry goods and general merchandise.
total imports were $6,45*7,541, against $<5.279,157 the preceding week and $7,798,317 two weeks previous. The exports
for the week ended Nov. 11 amounted to $6,819,600, against
$8,523,292 last week and $7,910,906 the previous week. The
following are the imports at New York for the week ending
(for dry goods) Nov. 6 and for the week ending (for general
merchandise) Nov. 7:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
The
1879.
Dry Goods
$099,048
$735,003
General
2,779,330
4,036,738
1878.
$1,336,871
3,742,965
$1,275,153
5,222,388
$3,769,379
$1,772,311
276,568,516
$5,079,836
243,787,515
$6,497,541
274.796,757
1877.
1876.
Total
P»V.
niilae...
week
repotted.. 245.357,316
Tot. sec Jan. 1.. $249, 125,694 $29 1,340,857 $248,807,381 $29 J, '291,298
The following
is
a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Nov. 11:
EXPORTS FROM NEW YORK FOR THE WEEK.
specie)
1876.
For the week.... $4,583,349
Prcv. reported:. 225,635.964
1877.
$7,465,449
2 42,396,781
1878.
$0,391,890
294,625,471
1879.
$6,919,600
The following will show the exports of specie from the port
New York for the week ending Nov. 8, 1879. and also a
comparison of the total since January 1, 1879, with the corresponding totals for several previous years:
Total held tor circulation
Bonds holdassecurity
8— Str.
8—Str.
Aracrique
Havre
Cauima
P.heill
Hamilton
London
Britannic
Liverpool
Fr. silver coin..
Eug. gold coin
Am. silv. Inns.
Mex. silv. dols.
259,700
457,500
122,400
liquidating banks
13,037,039
Total entered under acl of Jan. 14,
13,183.321
12,907,190
35,319,984
35,318,994
1*75
Total
35,318.994
amount
standing
Kational
of greenbacks out-
316,081,016 316,681,016 316,681,010
Bank Circulation—
Ni-ay circulation
issued
Circulation retired
Total notes outstanding—
$11,143,110
24,842.992
41,618,716
66,195,085
The imports
and $2,063,139 gold).$13,217,105
Same time In—
1870
$55,709,447
Same time in—
Same time in—
1878
1877
1876
1875
1874
1873
1872
1871
I
$45,368,440
45,906,155
66,859,905
59,219,731
1869
1869
1867
!
of specie at this port for the
30,012,562
69,459.480
41,3
738
same periods have
been as follows:
Total
$6,315,000
Legal-Tender Notes Deposited to
Retire National Bank CirculaLegal Tention since June 20, 1874.
ders
hi
Circulat'u
i
States and
Territories.
issued s'ce
Redempt'n To retire
20, ot'NoTosof Circulat'n
1874.
nailer Act
Llquidat - of
J'ne 20,
nig Banks
1S74.
June
5—Str.
5—Str.
.Bremen
Southampton
.Liverpool
City.
$233,325
243.325
30,000
513,977
291,930
7,390
Am. gold coin
Am. silv. coiu.
Am. gold coiu.
Hamilton
For. gold coin.
.Aspiuwall
Am.
Am.
1,087
1,610
3,080
1,908
812,560
5,333
1,900
64,821
2,730
295,097
157,295
242,254
291,990
silv. coin.
gold coiu.
Gold bars
Gold dust
France
.Havre
Alexandria .Vera Cruz
For. gold coin.
Am. silv.
Am. gold
C. of
.Hamburg
Am.
Am.
silv. coin
silv. coin.
Am. gold
For. gold
-Liverpool
,
gold
Gold bars
.Curacoa
..Carthagena
Aspinwall
Kiugstou
Adriatic.
1,361
1.000
Aiu. silv. coin
Am. silv. coin.
Am. gold coiu.
For. gold coin
500
1,230
1,071
Gold bars
.Liverpool
..Bremen
..
500
500
Gold dust
.Port-au-Prince
. .
7— Str. Neckar
Am.
coin.
coin.
coiu
coin.
coiu.
coiu.
coin.
For. silv.
For. gold
5—Str. Frisia....
5—Str. Bothnia
6— Brig Thetis
6— Str. Albw...
6—Str. Alps.
7—Str.
Gold bars
Gold bars
3—Str. Canima
5— Str. Crescent
Am. gold
Southampton
291,990
284,192
389,320
53,531
coin.
Gold bars
Trade dols
Total for the week ($157,272 silver, and $4,099,599 gold) ... $4 256 870
Previously reported ($6,929,495 silv., and $52,823,860 gold). 59,753355
Tot,
s ince
Jan. 1,'79 ($7,086,767
and $56,923,458 g'd). $64,010,225
Same time in—
Same time in—
Same time in—
1878
$18,227,560 1874
$5,490,450 1870
$11,216,018
1877
12.765.219 1873
15.718.186 1869
14.945,789
1876
9.914,550 1872
5,347.772 1868
6.171,053
1875
11,495,989 1871
8.409,318 1867
2,892,411
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:
silv.,
Balances.
Payments.
Receipts.
Nov.
$
8...
1,5 10,471
$
50
"
"
10...
11...
12...
"
1,393,115 If,
1,927,397 64
1,383,651 49
631,539 83
14...
894,530 42
'•
Total
$
Maine
1,461,180
505,365
1,672,310
Vermont .
Massachusetts 17,181,265
Rhode Island. 1,345,550
Connecticut .. 2,426,500
New York
19,044,685
2,627,858
3,485,741
9,055.872
3,482.892
1,899,796
1,416.597
Coiu.
Currency.
$
|
12 125.297,724 62 9,501.296
87
00 123,848,295 96 8,861,099 69
04 116,126.556 01 9,354,365 24
38! 114430.403 71 8,945,276 65
31 113,539.119 62
45 112,971,025 3D 8,590,330 68
7,640,706 04 21,998.757 3o|...
Ohio & Mississippi. -In the application of the Fanners'
Loan & Trust Company of New York to foreclose the mortaim
on the Springfield Division of the Ohio & Mississippi Railroad
an order was made by Judge Drummond, and entered in
the
United States Circuit Court at Springfield, 111., November
10
appointing James H. Howe, of Kenosha, a special commissioner
to inspect the road and report to the Court in writing.
317 000
72 997
169 097
234 800
N. Hampshire
.
1
Pennsylvania
3—Str. Rhein.
3—Str. Britannic.
$3,348,000
$4,523,000
Additional
New Jersey..
Nov.
431,147
Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, and the
amount of Legal Tender notes deposited in the United States
Treasury to retire National Bank circulation, from June 20, 1874,
to Nov. 1, 1879, and amount remaining on deposit at latter date.
Totatfor the week t$76, 121 silver, and $1,750 gold)
$77,871
Previously reported ($11,107,846 silv., and $2,061,388 gold). 13, 169,234
Tot. since Jan.1,'79 ($11,183,967 silv.,
3,602,050
672.872
3,912,120
:
,750
25,000
49,121
1.028,130
774.720
Currency- 329,344,147 382,825,120 335,751,298
Gold
1,118,840
1.447,120
1,447,120
Notes ree'vd for rcdem'u from—
New York
2.062,000
1,159.000
046,000
Boston
1,2X6.000
2,286,000
636,000
Philadelphia
236.000
262,000
241,000
Miscellaneous
1.731,000
1,817,000
1.525,000
$2,000
1
355,688,030 359,030,500 363.802.400
14,567,000 14,692,000
for deposits 14,747,000
Legal-Tender Xotes.—
Deposited in Treasury under act
Of June 20, 1874
Total now on deposit, Including
Nov.
3—Str.
6—Str.
fVoi. XXIX.
IT. S. Leoal Tenders and National Bank Notes.— From the
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three months past
U. S. Bmd.1 field as security /or
national Banks.—
Aug. 31.
Sept. 30.
Oct. 31.
Bonds for circulation deposited... $9,310,050 $6,395,000 $7,286,350
Bonds for circulation withdrawn. 7,872.900
3,003,450
2.514,450
295,229,857
313 $249,862,230 $301,017,370 $302,048,157
Tot. 8*cc Jan. 1.. $230,219
of
1
:
.
Delaware ....
Maryland .. ..
Dist. Columbia
Virginia
West Virginia.
N'rth Carolina
S'th Carolina
Georgia
Florida
.
Alabama
Mississippi
..
.-..-,.
sdll
with U. S.
Treasurer
Total
Deposits.
at date.
91 ooo
128 .79
6,682,900
1,238 43'
6,917 ,700
1.517,2-0
6,097,071
1,668 ,940
.297
1,646,380
1. -12. 9-0
1.069.3
1(1
76" 735
32 35(1
735,385
65 360 1 .555,830' 1,621 180
2,135. 398 19,19s. 85021.334 ,248
151 660
.702.665
9,063,650
173,275
923,560
455. 5O0
600,000
deposit
1,160,
226
166,600
407.664
908,369
731.060
12-. 200
719.5(H)
63,870
1,217,660
59,200
470,850
45,000
207,000
2S7.725
1,284.110
116,100
127. 500
835,164
-so. 5111
1,788, -79
270,000
1,001.060
1,140,785
953,390
1,012,585
953,380
437,675
725,400
139,500
139,500
645,750
10,000
2.099.250
229.3 HI
2,745,000
230,340
144.000
629,867
2-0.901
998,510
1,441,933
5:;:;. -59
3,607,410
2,949,787
5,488,483
0.377,710
.
Louisiana ....
Texas
Arkansas
Kentucky
Tennessee
144.000
3,599,930
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin ....
Iowa
Minnesota
Kansas
Nebraska
534,900
614,260
2.429,580
2,894,080
2.074.575
1.620.310
627,530
1.290.400
1,017,800
147.600
67,500
144,(100
1. 53-. 754
1.222.797
1.729.934
364.500
626,860
-1 1,669
420,095
7-1,721
415,000
2.071. -O0
814.760
4.605.920
4.488,541
6,711,280
8.107.680
2,114.995! 2,479,495
878,439 1,5(15.299
1,554,955 2,366,624
1,816,445 1,736,540
190.550
972,271
l— .0-0 233.0-0
Nevada
Colorado
Utah
Montana
Washington
New
..
Mexico..
Dakota
California
•Legal tenders
455,400
89,900
62,100
135,000
27.000
99,000
297,000
'
135,093
161,19]
72.30O
149,400
196. SOO
45.000
"284,483
357. 991
117.300
|
225,051
39.5-9
137,950
606,231
76.742
299,2-1
2,005,338
345,151
974,605
95,005
30,186
284,171
12II.-55
205,126
37,005
95.300
'"44,813
366
230.428
1
,575
7,352
393.615
113,351
755,004
;.05».011
1,740,508
1.055,153
439,375
333,222
455,854
283,700
262.66
9,295
2,1 OS
27.407
20,272
42,850
3.8 13.675
•8.360,000. 17.443.428'72,7-6, 15- ',11.043,561112,907,190
•Deposited prior to June 20, 1-. l. and remaining at that date.
Totals
Statement of the Comptroller of the Currency on Nov. 1,
showing the amounts of National Bank 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
1S79,
increase or decrease:
Xallnnal Bonl; Xotes—
Amount outstanding June 20, 1874
Amount outstanding January 14. 1875
Amount outstanding May 31, 1878
Amount outstanding at date*
Increase during the last month
Increase since Jan. 1, 1879
Increase since Nov. 1, 1878
Teqol Tinder Xoles
Amount outstanding June 20, 1 874
Amount outstanding January 14. 1875
Amount retired under act of Jan. 14, 1875. to May 31, '78
Amount outstanding on and since MavSl, 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. 1871
Decrease in deposit during the last month
Increase iu deposit since Jan. 1 1879
Increase iu deposit since Nov. 1, 1878
—
.
«
Circulation
$1,147,120.
of
national
gold banks, not
$349,891,18
351,-61.450
322.555.tl65
335,754,298
2,929,178
13.431.444
14,762,503
$392,000,000
382,000,000
35,318,984
346.6-1,016
12.907,199
276.122
2.335,434
3.279,001
included in the above
.
Novemceu
It
15,
THE CHRONICLE.
1870.]
505
U.B.Ssof 1881
National Banks organized during the past week.
prices of stocks, the past week has been a
disappointment.
The heaviest day's business ever
at the Stock Exchange was done on Wednesday, and the
would break the
known
advance
this
in prices of certain stocks was quite as rapid and excited
'1 he feverish
excitement of
as at any previous time.
week
stock speculation appears to be growing rather than subsiding,
as there has virtually been no backward movement, and every
person who has touched stocks or bonds has coined money.
It
lias not been necessary this year to carry siocks on margin, and
parties who have called themselves investors and purchased for
cash a hundred shares of some low-priced stock, have found it
rise on their hands a full ten per cent as readily as a valuable
stock in ordinary times would gain one per cent. It is this universal money-making in stocks and bonds which has be-twnddled
the public and led them to believe that there will be great profits
in toe purchase of almost anything which has not yet sold up to
par. It is useless to give warnings or prophesy a break in prices,
under such circumstances, but it may not be out of place to suggest to our readers who may be stock buyers that they at least
should limit their purchases to such securities as have a legal
existence, and also have some sort of value on n fair consideration of the past history and the present condition and prospects
of the several properties which they represent.
The money market has shown a material relaxation since the
purchase on Saturday and Monday of $10,000,010 of Government
bonds for the sinking fund. The range in call-loan rates has
been 5@7 per cent on nearly all business, with exceptional transactions at 4 and at 4 per day commission.
To-day the range was
5@7 on miscellaneous
collaterals,
and an important event was the
deposit, as reported, of Mr. Jay Gould's checks for $3,800,000 in
the Bank of New York, in payment for Commodore Garrison's
interest in the Missouri Pacific Railroad. Prime commercial
paper is quoted at 6(tt6J per cent.
The Bank of England statement on Thursday showed a decline
of £880,000 in specie during the week, and the percentage of
reserve to liabilities was 45J per cent, against 4(3 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
16,000,00;J francs during the week.
The last statement of the New York City Clearing-House banks,
issued November 8, showed an increase of (839,428 in the deficiency of reserves below 25 per cent of their deposits, making a
total deficiency of $871,935, against a deiciencyjof $311,800 the
previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
1879.
Nov. 8
DilTer'ncesfr'uv
previous weekJ
1878.
Nov.
.
.
Circulation ..
Net deposits
Legal tenders.
.
33.823.S00 Ine. 4.148.500
22.341.500 Deo.
259,000
231.927.700 Dec 2,184.300
23,480,900 Dec. 5,129 000
:
1
18.764.500
17,720,200
1 0.737.0001
193.557.300
39,15i,100|
38,503.400
of $10,000,003 bonds for the United States sinking fund.
first
proposals made on Nov. 8 were all rejected, as the
prices 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 $6,122,900 on Saturday the 8th, and the balance
on 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.
Closing prices at the N. V. Board have been as follows:
Nov.
Nov.
Nov.
Nov
Nov.
8.
10.
11.
12.
13.
•105%U04%
res.
I
Nov.
14.
*104V<104»cj-104i4-10l
V
•105581-104% •104% *1 04 % l« 104
104
*105V 106 *105% '105%! 100
10008*105% •100 H0534 *105%| 10(5
coup.
•1063*
reg.
coup.
•102%
is 102% 1023s:
"102% 102%! 102%| 102%,
*105i4 105V 1 O.Vi. 105%
coup.'o.-Mar. •106% -106% Kli;-. loc,\
"10-.!
reg.
coup.
reg.
102% 102%
102
>
4
!
105V
1023*
'.o:,\
inns, *ioi;"s
reg.Q.^Ian. 10234 102-* 102% 103%: 103%!*103%
coup. y.-jan.
102*4 102% 103
103
103% 103%
6s, cur'cy, 189>..reg. J. & J. •122% *122
•122
•122
122i" *123
0s, cur'cy, is .i(i..rcs. J. & J. 122%>122
-1
•122
•128% -123
1*123%
08, cur'cy, lMC.iv;. J. <fc J. 123
122 -122 ^ •123 •123% -123%
6s, cur'cy, 1898.. res. J. & J. 124
122
'123
•124 -I24I4I 125
6a, cur'cy. 1899. res. J. * J. 124
122
•123% •124 '121%*124%
• Tins la the price bid
no sale was made at tlie Boaru.
'
!
,
I
;
The range
of each
follows:
in prices since January 1
class of bonds outstanding
Range
since Jan.
Lowest.
1*79.
1.
Highest
1879,
Nov.
and the amount
1379, were as
1,
Amount Nov.
Registered,
j
1.
1379.
Coupon.
6s, 1 880-1. .cp..
5s, 1881. ...op.
4%s. 1891. .ep.
4s, 1907.... ep.
103% Aug. 29 107=8 Juno 23 $200,079,900 976.056.450
101% Aug. 27 107% Jan. 15 277,277,700 231,162,650
6s,gur'ncy.reg,
119% Jan.
101
99
Mcli. 21 108
May
May
21
21
31
100.904,2501
83.OH5.750
479.130,400 25*. slO. 150
04.023.512
Closing prices of securities in Loudon tor three weelts past ana
the range since Jan. 1, 1879, were as follows:
Apr.
1
103% May
4 128
1
Closing prices of leading State bonds for two weeks past,
the range since Jan. 1, 1879, have been as follows:
States.
20.373,200
19,905,400
The
1880
1880
68,1881
68,1881
58,1881
5g, 1881
4%s, 1891
4%s. 1891
4», 1907
4s, 1907
1870.
large business.
A press dispatch from Middletown, N. Y., this afternoon.
reports that the New York & Oswego Midland Railroad, with all
its property and franchise s, was sold there to-day under a dtcree
of foreclosure to a purchasing committee of the creditors.
The
price reported is $4,610,000, but this may or may not be correct.
Messrs. A. H. Muller & Son sold, among other securities, the
following at auction, which are seldom offered at public sale
shares.
Bowls.
119
IS Market Nat. Hank
$2,000 Atlantic k Gulf RR.
lo7
7 st. Nicholas Nat. Bank
consol. mort. 7s, duo July
15 Nat. Bank of the Republic. 112
1. 1897
102
10 Nassau Nat. Ji'kof B'klyn.153
5,000 Huekensaek & N. Y.
3N. J. Zinc Co., pref
59
Ext. RR. 1st mort, 7s;
21 N. J. Zinc Co.. com
51
$8,000 N. J. & N. Y. RR.
18 IT. 8. Warehouse Co
7 p. c. in. gold bonds for.$10 90
76%
1 Brooklyn Art Asso
2,000 Jersey City 7 p. c.
$10
01 Cont'utal Fire Ius.l70%« 171%
lmpr. bonds, due 1891
75
3 Warren RK. Co
1 00
3,400 Kan. & Neb. RR. 1st
mort. 78, due 1905
22 Am. Exeh. Nat. Bank
1113s
75%
118
2.100 Kan. & Neb. RR. Co.
20 Montauk Fire Ins
40 Mech. & Traders' Nat. B'k. 07
2d mort. 7s. due 1915 . .. 44%
3 Manhattan Gaslight Co... 150
25 Kan. <fc Neb. RR. Co.
scrip
32 Kansas ,fc Xel>. RR
27%
$8
91 Ind. Bloom. & West. RR... 29
3,825 Kan. & Neb. RR. of
113%
Kan. St. Jog. &. Deuv. City
17 Am. Ex. Nat. Bank
42Metrom>l. N. Iik...l33%sl34
RR. lands
10
1
22,000 City of New Orleans
22 I-'clton Nat. Bank
%
17 Bank of America
140%
7 p. c. b ds (funding floating debt), due 1894"
TiOtldS.
29
2,000 Buchanan Co.. Mo., 10
$2,000 Column. A- Ind. Cent.
RR. 1st mort. 7 p. c. 1» ds,
1889,
p. c. bonds, due.
due Nov. 1. 1904
IOG'4
$500 each
71%
2 000 N. O. Jackson & Great
20,000 Ind. Bloom. & West.
North. RR. 1st mort. 8s,
RR. 1st mort. 3 to 6 p. c.
bonds, due 1909
construction bonds, due
69%
1880
7,800 Ind. Bloom. & West.
1113s
3,000 State of Georgia, 1st
RR. income bonds
41
series. 7 p. c. bonds, due
33 33 Ind. Bloom. & West.
July 1, 1886
.110%
RR. stock, scrip...
$9
10.
man
Or,
Gs,
1,
Highest.
l,n',Vc--t.
and
1877.
Nov.
9.
United States Bonds—The great event of the week in the
Government bond market was the purchase bv Secretary Sher-
Interest
Periods.
Range glnce Jan.
14.
State and Railroad Bonds— 1 he most serious event which
has happened for a long time past prejudicial to the standing of
Southern State bonds was the result of the recent election in
Yirginia.
It should te recorded to the honor of the State that a
largo majority of her best men, and lhe press almost unanimously, supported with all their power the McCulloch compromise law passed by the last Legislature, and even with a
majority of "re-adjusters" it is known that the Governor will
veto any bill looking to a change in that law.
All Southern
State credit is prejudiced by this defeat in Virginia, tut there is
some demand for Louisiana bonds for foreign account, and for
Alabama* and Georgias at home.
Railroad bonds have been very strong and active, and the Erie
second consolidated have ltd the market, selling above 91 on a
Loans and dig. $270,070,800 Dec.$l, 101,800 $240,224,200 $235,908,300
Bpecie
Nov.
1105% 1053* 105%'105 July 1(5 109% Jan. 4
'109% lO9%x0*%ll0«%Mch. 24 MO%Nov. 12
1105% 100 U0(i°nl01 Mch. 26 106% Nsv. 13
4%sof 1891
U.S. 48 of 1007
U. B.
FRIDAY, NOV. II, 1879-5 P. IV.
The Jloiioy market and Financial Situation.
To
those who anticipated that the temporary stringency in money
decided
Nov.
Oct.
31.
%\xt flankers' gazette.
No
:
.
Nov.
X«v.
7.
14.
4338
Missouri
'is.
'104
'89 or '90
North Carolina
-25
•34
•83
•30
Os, old
Range
since Jan. 1, 1879.
Lowest.
Highest.
44% 30 July 24 GO Jan. 6
-105% 103% Men. 5 107% June 10
•25
•35
•75
•30
18
Feb.
30
Aug. 20
8
26
42
Oct. 25
Feb. 13
73 % June 20
do
do
2d series.
37 8ept.25i 44 Mch. 28
District of Columbia 3-05s.
84% •81% 79% Jan. s! 8883 May 23
" This is the price bid
no sale was made at the Board.
.
;
—
ttallroad and Miscellaneous Stocks. The stock market
has been even more excited than in former week*. The advance
in some stocks has 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
Among the main
indifferent about a matter of 1 or 2 per cent.
props to these sharp upward turns in the prices of stocks heretofore ranked among the fancies are the reports of new combinations or leases
and as the public is quite unable to get at
correct information on such matters, the reports serve the purpose of pushing up the stock's without limit. The strength of
such reports lies in the fact that they are "good if true," and the
most worthless stock sold at the Board miy, in fact, be raised in
a day to a dividend-paying security if a tare majority of stockholders in another road vote to lease it at a specified rental. It is
this bare possibility in the 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 some
approaching lease or contract which will raise it to par. Apropos
to this subject, we learn that at a meeting of the Board of Directors of the Burlington Cedar Rapids & Northern Railway
Company, held Nov. 13, Messrs. Fiancis H. Tows. Benjamin
Brewster, and J. Tracy, representing the Chicago Rock Island
& Pacific Railroad Company, were elected directors to fill vacan;
cies.
As to those reports of agreements yet to be consummated, it is,
of course, impossible for us to give our readers any satisfactory
information, but as to all nutters of fact they should be
thoroughly posted, and the 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, 'lhe Gould stocks are fortified by the
perfected consolidation and the completion of the line to Omaha
to day it is also reported that Mr. Could has purchased control
—
...
;
Pacific
of the Missouri Pacific. Another rumor states that Union
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
reported to be very large, and for 11 days of November are stated
Kansas Pacific is reported to
to show an increase of $70,038.
show an increase of $49,194 for the first week of November.
for
St. Louis & San Francisco stocks have been conspicuous
their rise, and this is apparently accounted for by the general
cause assigned for the rise in everything west of the Missouri
River, ana 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:
Tuesday, Wed ies., Thursd'y, Friday.
Saturday. Monday,
Not
10.
Not.
11.
Not
12.
Not
18.
Not.
14.
71
75
75)*
75)*
78)4
77
78
865*
85
87
78!*
88**
77
81)*
76
86
89
9836 98« 99)* 100!
.23',
120)* 121J*
78M 78*-6 7M'3 80
79?* 81**
10054 100!* 101M 1015* 1013< 10136 102'
92'-,
9356 93
94)*
9W*' 91
104(* 10334 104), 104)* 10536 105« 1,8
•1461* 48',.
147
1475s <;4ti), 147 147
M'i*
bo* 4934 51
51
i»H\ 47
78«l 77
79
79)* 81)6 83!* 84(*
20
19
22
19*6
19X|
894*
79H! 79J6 HI)* 81« 87
9036 90)4 »:>'., 92)6 933< 92!* 94
S&H 38*, 311)* 39)6 40J6 40*( 41)*
65)4 673* B7S KW>*
64}s
98!* 98)* 9854 9834 9W?
97)*
100
875* 89)*
l«~> I""
Nov.
8.
Cent, of N. J.. 7856 81
98
Chic. * Alton. 98
Chic. Bur. & Q. •119 120
Chlc.M.4 St.P. 77)6 78
100
&N. W..
&
Chic. R.I.
90)4
104!4
P.
S7U
1
Chic.St.P.&M.
46j*
71J<
Clev.C. C. A I.
Coi.Chic.AI.C.
Del. A H.Canal
19>*
7754
Del.Lack.i W. 88*6
99
20
99
120
MM
I
WX
Han. &St. Jo.. 38
pref. 6834
do
ms
Illinois Cent... 9B«
Kansas Pacific
Lake Shore
993s" 100% 100J*
LouisT.A Nash 77W 78!* 78
m
85
8U
87
89
102
1019*102!* 102!< 10346
.«'<
79
80)* 8036
94)2 955* 955* 965* 95J6 90« 96
97M
29
30!* 29)6 2934 29)* 32.41
2934
Mich. CentralMo. Kan*. & T.
Mor. & Essex
K4.,l
MM
mn
1112
101)* 101
120)* 1811!* 129)6 130
4034 4156
do
PTef. 6336 6636 Bi>X B',5*
Northern Pac. 35)* S53i 36
36)*
pref. 5934 «0
do
6014 61
Ohio* Miss.. 26)1 27
26J6 2 ,'•>(.
Pacific Mail....
ssw 38!*
168)6175 1-171
....
StX&I.M.assd 48
50
4936J 49)6
44'*
St.L.K.C.iN.
45)* 44)* 464*
do
nref. 6934 70)* 69j* '.Of*
29
Bt.L.A S.Fran.
304s
pref. 3634 37)*
4(4
do
do 1st prf. 55*f
Butro Tunnel.
35^
an
Union Pacific. 90
91)4 91
92
5836 51% 58!* ««6
West. Un.Tel. 104 10436 10434 105)*
10O-J4
.
N.Y.C.&H. R.
N.Y.L.B.&W.
*m MM
mQ am
em
m
W
^
MM
102 102)* 101)* 103)*
130 130
130
130
4156 43J6 44X 464*
68
36
TO)*
3646
60
28)*
71)4
363J
6U(*
2H46
76
59)*
27
36
37
37
38)4
170
171
49"* f234
45
46
70)* 71
82)* 34)*
40)* 44
59
64
375*
H1*S
mm,
53*6
453J
«m
3436
86)*
100
12'.
120 120V
121
79*6 82)* 79J6 81 5*
102
1023.;
92V* 933.j 9134 93)*
•0534 10fi M
106
106
148 149
148)* 149
54
50
49)* 51
8436
81<« 8!»* 83
2134' 23
•Mi 23
87
883*
86
89
91
VH-M 9:>* 94
39
41)4 39)* 415*
69
B9)J 67
ii'i'tj 100'*
993s 100
!"i
89
89
IX)
102
1025*
ioij6 io;
85
8454 SB
82
95
97)4 953* 9736
30)4 33)* 3136 225*
102)6 102)*
102)4 103
131)1
180
181(4 130
45
48
4434 47
<»<* 77)* 7454 77J*
37
3VV* 36*6 37W
62
60
60)* 61)*
2734 30)6 2854 30
36)* 38
36)6 3736
tm
55
53
55(*
4746
4636
47
72
5S?6 55*
45!* 47
7036 72)6
41
49)6
V236
Sll
4I)*
44)*
4II-V,
47V.
49!*
64
BB
66
68
38!*
50
70
58
73
3'*
336
3)4
3)*
356
336
91
92
9136 91
915*
»2V 91
ISO)*
58)* 59)* 59
58)* hoi* 5SJ* 60)4
10631 107J6
1043i 105)4 105)6 10934 1005), 108
3)*
ML
These are the pMces bid and asked no sale was made at the Board,
Total sales this week, and the range in prices for 1878 and
since Jan. 1, 1S79. were as follows:
"
Range
Sales of
Range
since Jan. 1, 1879.
Lowest.
Shares.
Canada Southern
45 J*
6,550
Central of N. J
120,172 33 »2
Chicago & Alton
2,136 75
Chic. Burl.<fc Quincy.
1,830 Ill's
Chic. Mil. &St. F ... 103,085
343g
do
do pref.
6,515 74%
& North w.
do
77,450
5,026
.
pref.
49%
76%
Chic. Rock Isl.& Pac.
756 119
Chic. St. P.& Minn."
19,960 21
Clev. Col. an. & Ind.
22,884 34%
Col. Chic.& Ind. Cent
46,969
5
Del. & Hudson Canal
64,322 38
Del. Lack. & Western 157,260 43
Hannibal & St. Jo .
43,210 1314
.
do
do
Missouri Kan. & Tex.
Morris & Essex
N. Y. Cent. & Hud.R.
N.Y. Lake E.
& West
do pref
Northern Pacinc t
do
pref.t
Ohio & Mississippi...
. .
Pacific Mail
Panama
I.
,...
Mt.
K. C.
& South.
& North.
do
St. L.
pref.
& S. Francisco.
do
do
1st
Sutro Tunnel
Union Pacinc
pref.
pref.
Wabash
Western Union
*
Tel..
Range here given
Total sales of the
Nov.
"
"
"
"
"
Total
May
week
5.
Mch.
100% Nov.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
124
94% Nov.
108
149
54
May
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
t
St.
North-
Shore.
Paul.
west.
16.061
16,430
15,090
22,260
18,164
15,080
78,222 103,085
5,785
18,680
12,460
14,900
15,000
10,625
Oct.
82% Nov.
102% Nov.
26
21
6
13
2
4
3
24
4
2
Nov.
Nov.
Nov.
85% Nov.
23 Nov.
89% Nov.
94 Nov.
41% Nov.
69% Nov.
100% Nov.
90 Nov.
103% Nov.
86 Nov.
9738 Nov.
33% Nov.
103% Nov.
133 Oct.
48 Nov.
77% Nov.
40%
U
30
4
13
65
2 182
2
2
2
8
21
23
16
31
13
4
Range
12
14
12
21
13
13
12
12
Oct.
55%
47%
12
1
. .
'
.
„
16%
41%
Consolidated road.
'
Exchange, — Foreign exchange
is
without special animation,,
—
:
12%
71%
39
75
7%
89
115
22%
21% 38
6% 11%
12% 23%
131
3%
19
15%
November
exchange are as follows
1%
1%
5% 11%
3% 5
61% 73
12% 23%
75% 102
:
Demand.
60 days.
14.
Prime bankers' sterling bills on London.
Good bankers' and prime commercial..
Good commercial
Documentary commercial
Paris (francs)
Antwerp
(francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichinarks)
Frankfort (reichinarks)
Bremen (reichinarks)
Berlin (reichinarks)
4.7934 3
4.80%
®4.83%
4.83
4.79%®4.79%
4.78% 34.79
4.82%®4.83
4.81%®4.82
®4.78%
5.26%a5.23%
5.26%»5.21%
5.25%35.23%
4.81
4.78
39%a> 39%
94 W 94%
94 ® 94%
94 ® 94%
94 ® 94H
The following
2)4.81%
5.24% a>5.21%
5.24%®5.21%
5.23%®5.21%
39 %®
Boston
—
—
—
—
—
—
—
Uankn— The
40
94%® 95
94%® 95
94%® 95
94%® 95
are quotations in gold for various coins:
82 ®$4 85
Dimes & % dimes.
99%®
82 ® 3 85
Silver %s and %s.
99%®
72 ® 4 78
Fivefrancs
92 »
90 ® 4 00
Mexican dollars..
91 ®
Span'hDoubloons.15 60 ®15 80
English silver
4 70 ®
Mex. Doubloons.. 15 55 ®15 65
Prus. silv. thalers.
68 ®
Fine silver bars .. 1 15%® 1 16
Trade dollars
99%®
par.®%prem. New silver dollars
Fine gold bars
99%®
7% Sovereigns
$4
3
4% Napoleons
X
Reichmarks. 4
X
5% XGuilders
3
26%
—
;
shillings discount.
Quotations for foreign
87
30.495 30,750
3,670
34,891 48.380
3,800
18,587 125.270 15,100
10,735
-- 141,610 47,949
14,527 125,470 14,670
10,937)154,250 13,010
.
.
;
61 %
were as follows.
77,450 157,260
.
.
:
120,172 625,730 98,199
Whole stock. 494,665 154,042 149.886 524.00oll75.400
-.—,.„ w 780,000
'
uv,v» v -*l'J,U\J\J
41oi500
llie total number of shares of stock outstanding
is given in the
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the
gross earnings of all railroads from which returns can be obtained
The
columns under the heading "Jan. 1 to latest date" furnish the
.
.
.
;
Del. L. Central N. Y. L. W. U.
& West. of N. J. E. & W. Tele'gh.
38,780
46,400
20,850
21,000
14,700
15,530
,
!
9 112
5
Nov. 13
Nov. 12
Nov.
13
723s
49% Nov. 14
58 Nov. 14
73 Nov. 14
4% Mch. 17
95 Oct. 20
61% Nov. 1
116 June 11
from July 30.
—
—
45%
13% 45% but there is not a large supply of commercial bills, as the higher
prices of produce check purchases for export. To-day, 4.79^@
66% 85
99% 114% 4.80 for bankers' 60 days bills, and 4.82}(a4.!:3 for demand, were
27%: 54's about the rates on actual business, and cable transfers were 4. 83
i
64
84%
32% 55% @4.831, and the best commercial bills 4.78^.
In domestic bills the following were rates on New York to-day
59% 79%
98% 122
at the undermentioned cities
Savannah buying J discount,
23
38% selling i discount Charleston, plentiful, buying i, selling -J@
New Orleans — commercial 350@400 discount, bank 150
2% 6% par
34% 59% discount Chicago, firm, par to 25c. discount Boston 25c. to 2
13
14
13
13
12
12 41
12 10
12 21%
14 72%
13
4
12 55%
14 35
14 58%
13
12 67%
27 103%
14
7%
13
[Vol. XXIX.
.
38
Oct. 21
Oct. 21
30% Nov.
39% Nov.
in leading stocks
Lake
14,315
22.147
7,760
14.200
11,500
8,300
8.
10.
11.
12.
13.
14.
from
is
78% Nov.
89% Nov.
Jail.
29,920 34
7,742 79^ Mch.
5,900
9% Jan.
78,222 67 Jan.
18,675 35 Feb.
31,275 73% Jan.
88,379
538 Jan.
8,666 75% Jan.
6,160 112 Mch.
625,730 21% Jan.
76,450 37% Jan.
6,874 16 Aug.
22,322 44% Aug.
71,755
7% Jan.
91,965 10% Jan.
200 123 Jan.
69,479
13 Jan.
28,388
7 Jan.
41,135 25% Jan.
18,215
3% Jan.
40,855
4% Jan.
7,111
9% Jan.
12,935
2% Jan.
19,700 57% Jan.
79,650 17% Mch.
98,199 88% Aug.
pref.
Illinois Central
Kansas Pacinc
Lake Shore
Louisville & Nashv.
Michigan Central
St. L.
8t. L.
.
gross earnings from Jan. 1 to. and including, the period mentioned in the second column.
Latest earnings reported.
^-Jan. 1 to latest dare.-^
Week or Mo. 1879.
1878.
1879.
1878.
Ala. Gt.Southern. August .... $34,807
$31,850 $'254,997 $220,797
Atch.Top. & 8. F.4thwkOct 207,500
95,070 5,088,010 3,171,348
Atl.&Gt. West... September 429,285 340,149
Atlantic Miss.&O. September 177,342
153,880 1,166,007 1,198,143
Bur. C. Rap. &N. IstwkNov
34.262
30,480 1,245,222 1,303,977
Burl.«fcMo.R.inN.l8t 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
Chicago* Alton. IstwkNov 137.789
93,028 4.725.473 4,024,221
Chic. Burl. &Q... September 1,484,316 1,382.123 10,303,937 10,378,543
Chic.Dub. & M...3dwkOct..
12,795
8,257
Chic. & East. 111.. 4th wk Oct
26,360
20,273
672,460
704,957
Chic Mil. & St. P. IstwkNov 284,000 180,389 8,131,000 7,106,427
Chic&Northw... October... 1,935,000 1,573,422 13,252,92912,511,660
Chic. St. P.&Min.lstwkNov
27,712
20,132
940,806
768,160
Cliic. & W. Mich 3dwkOct..
14,424
12,627
Clev. Mt. V. &D..4th wkOct
14,206
12.259
330.336
313,884
Dakota Southern. September
15,566
17,431
147,205
156.89&
Den v.S.P'k* Pac. October ... 132,185
627,604
Dubuoue&8.City.4th wkOct
27,575
22,626
698,317
780,081
Gal.Har.&S. An. September 131,363 132,418
Gal. Hoost. &H.. August....
37,317
35,859
281,330
230,250
Grand Rap.A Ind.September 132,191 103,172
GrandTrunk.Wk.end.Nov. 1 220,978 186,977 7,420,425 7,409,495
Gr't Western. Wk.end. Nov. 7 102,010
87,784 3,777,975 3,909.438
Hauuibal&St.Jo.lBtwkNov
54,310
48,279 1,592,409 1,707,244
Houst. &Tex.C... September 365,440 332,555 1,987,084 1,705,552
Ulinoi8(Jen.(Ill.).. October...
580,244 506,751 4,559,501 4,604,195
do
(Iowa).. October... 170,832
148,089 1,199,246 1,292.476
Indiana B1.&W-. October... 120,785
102,869
Tut. &Gt. North.. 4th wk Oct
85,484
79,553 1,307,506 1,169,365
Iouisv.Cin.& Lex.September 105,769
86.971
Mhm.&St. Louis. October...
50,054
34,525
Mo. Kans.&Tex.. IstwkNov
85,220
67,916 2,661,480 2,518, 56T
IstwkNov 66,211
Mobile AOhio
59,577 1,565,084 1,369,270.
Nashv.Ch.&St. L.September 157,363 123,497 1,271,021 1,188.032
N.Y.L.Ene&W.. August. ...1,450,223 1,445,929 10,388,547 9,735,28589.180
N.Y. & N. Eugl'd September 216,421
Northern Pacific. October... 287.000 152,200
Champ.September,
Ogd. & L.
59,000
53,802
Pad.&Eli3abetUt.4th wkOct
17,403
9,902
258,148
267,153
Pad. & Memphis.. 2d wk Oct..
2,650
1,347
117,672
142,577
Pennsylvania
.Sept
3,336,528 2,858,646 24,516,212 22,819,918
Phila. & Erie..
.Sept
319,770 288,084 2,190,781 2,025,890
Phila. & Reading. Sept
1,374,013 779,481 10,834,482 8,840,418
St.L.A.&T.H
IstwkNor 21,842
15,836
do
(brs) 1 st wk No v
10,910
12.420
455,222
418,855
St.L.IronMt. &S.lstwkNov 172,200 149,390 4,141,053 3,660,105
St. L. & San Fran 1st wk Nov
47,281
24,181 1,288,367 1,011,497
St.L.&S.E.-St.L.. October...
82,668
72,211
603,840
540,470
29,728
26,748
*St. Paul & S.City 1st wk Nov
938,083
919,518
Scioto Valley
October
30,250
28,983
261,192
232,707
Southern Minn. .September
67,244
34,538
421,771
490,875
32,546
Tol.Peoria&War .IstwkNov
22,899 1,057,681 1,088,669
Union Paoiflc... October ...1,543,580 1,269,879
Wabash
IstwkNov 124,849 117.207 4,296,069 4,328,02527,228
21,490
Wisconsin Valley. October...
Low. High.
Highest.
Jan.
for
1878.
Week.
Chicago
do
.
THE CHRONICLE.
506
Chic.
:
.
—par.
—par.
—
95
—
92
4 78
- 70
— 99%
par.
following are the totalB of the Bos!on
banks for a series of weeks past:
Loans.
13..
20..
27.
I
129,447.200
127,747,900
127.793,200
128,748.000
126.027.300
126.225.100
126.903.100
128,015.000
130.491,300
3.
1:12.056,100
10..
133.491,100
Sept.
1..
8..
"
"
"
15..
22..
29..
Oct.
"
"
"
Not.
"
*
6.
Specie,
L. Tenders.
t
f
3,531,200
4,875.200
3,304,200
4,182.000
3.347,600
4.180.900
3.267,100
4,034.000
3,271.400
4,379,300
3,262,900
4,a38,000
3,251,100
4,931.500
3,254.200
4.582,900
3.216.300
4.528.800
3.215.000
4.4,80.500
3,245,100
4.370,200
Other than Government and banks,
Philadelphia
Bauks— The
Deposits.* Circulation. Agg.Clear.
42,945.600
43,340,700
43,853,300
43.664.300
44.524.800
45,828.300
47,210.000
48,063,400
48.907.100
49.152.400
51,108,100
26,981.400
27,117,800
27,197.500
27.310.900
27.548,100
27,836.200
27.973.600
28.146,300
28.372.700
28.557.300
29,041.000
44.612,5'*
47,305.866
44,932,820
48,392.11»
45,506.856
57.139,771
55,617.716
64,281,244
6«,499,8Be
65.241,372
69,360,177
Clearing-House checks.
totals of the Philadelphia
less
banks
are as follows
Loans. Lawful Money. Deposits.
$
Oct.
"
"
6....
13....
20....
27....
"
Not. 3
10
63,558.250
64,706,995
65,942,232
66.274.801
BB.387,415
66,680,258
Circulation. Agg. Clear.
i
17.687.922
17,235,369
18,240,119
15,639.404
15,185.160
14,851,359
54.442,640
54.709,»5o
54,812.858
54.586.094
54.187,213
53,561,853
11.795.906
11,814,680
11,853,039
11,878,284
11,885,01>9
11,875,666
$
42.73S.25T
44.106,769
52,2*8.08?
54,60e,17R
51,527,260
54 ,961,998
.
.
November
15, 1S79.
:
.
I
. .
...
—
Loans and
Specie.
discounts.
Merchants
Mechanics'
2.IKX1.IXXI
Union
America
1,200,000
H.000,000
1,000,000
1,000,000
1,000,000
New York
^Manhattan Co..
Phoenix
City
Tradesmen's
Fulton
Chemical
mxi.i
1,000,000
1,000,000
300,000
300,000
200,000
000,000
Greenwich
Leather Man'f'rs
Seventh Ward..
State of N. York
American Exch.
300.IXX)
800,000
S,000,00fl
Commerce
Mercantile
PaciHc
5,000,000
1,000.000
1,000,000
422,700
ltepubllo
1,500.01X1
Broadway
Chatham
People's
Hanover
Irving
Metropolitan
Citizens'
Nassau
Markot
St. Nicholas
Shoe A Leather..
Corn Exchange.
Continental
4
Tr.
Grocers'
North River
Kast Hlver
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...
1,437.000
197,300
1,328.900
2.8311,000
233.900
1,407,200
1.. .(.in n
002.800
507,200
920.300
209,000
402.000
180.000
111
O,810,.->00
11.11
2,1133.000
1,055.71X1
240,51X1
10.515.500
3,040,200
3,047.000
1,208,400
1,102,000
8,098,11X1
107,300
179.9IXJ
551,81X1
268,11X1
454,500
213,700
202,81 X)
85,000
10,800
898,100
97,500
417,400
1,948.000
845.800
2.807,000
220,200
2.040.500
12,879,000
19,076.800
4.878,000
1,500.91X1
700,000
3.:io:i.ooo
029,41X1
1.998.31X1
04.000
215,700
481,200
87.800
72.000
1,009,700
351,700
1
,379.1X1(1
400.000
1.500.1X10
'.0,354.900
2,810.00(1
2,000,000
500,000
225,000
840,000
250.000
100,000
3,200,000
2,000.000
300,000
750.000
900,000
1,000,000
300,000
250,000
200,000
750.000
300,000
i:i.:ir>7,3(Ki
2,500.000
05.300
8.900
80,400
89.800
4.000
1.639,200
020,000
805.000
453.700
1.844.000
2.44:1.100
775,800
745.800
779,700
827,300
308,000
15.397.500
8.3S0.000
2,:i07,000
4.364.700
11.039.000
7.490.800
1.248,700
1.407,700
1.209.400
2.115.400
2,479,000
1,022.01X1
113,700
23.000
11.400
171.000
851,200
381,.-XX
ft New England..
Northern of New Hampshire
Norwich ft Worcester
Ogdensb. A L. Cliainplaln ...
3.793,71X1
9,865,81X1
400
5,300,000
3.050.090
0,133.500
2,179,000
0,780,500
1,720.000
1.147,200
10,108,600
2.879.100
2,048.400
993.300
930.001
800.200
2.136.000
44,600
135,000
1.100
264,000
80.800,200 270.070.800 33.823.801 U 23.486.9IX) 231,927.700 88.341.500
1
Legal tenders
Dec.
The following
1879.
Mar.
Mar.
Mar.
Apr.
15..
22...
29..
5...
12...
Apr.
Apr.
May
May
May
May
May
June
June
June
July
July
July
July
Sept.
Sept.
Sept.
Oct.
Oct.
•Oct.
18...
19...
868,951.900
868,719,800
860.588,000
867,280,100
23...
80...
6...
13...
20...
27...
4...
11...
18...
Oct. 83...
Nov.
Nov.
1...
8...
18,440,81X1
2:15,836,600
857,088,50(1
i...
9.-16...
Sept.
17,318.400
18,803,700
5...
86...
Aue.
Aug.
Aug.
Aug.
Aug.
*
216,324,500
243,839,800
240,458,500
10...
17...
84...
31...
7...
14...
81...
88...
8...
-June
Specie.
230,448,900
231,151,300
231,096,900
839,357,800
242,941,000
253,838,500
257,636.500
857,872,800
858,338,700
856,891.000
855.901,600
853,575.500
19...
26...
Apr.
are the totals for a series of
Loans.
18,305.000
18.903,900
18,87.-,,600
18,888,100
18.51(1,81X1
18,715,600
18.761,900
18,802,400
18,785,400
18,996,700
18,780,900
19,296,1XXJ
19,606. 100
19.889.1X10
19,971,900
20,011,700
19.987,600
19,658.400
19,621.100
878,9.16,000
874,311,000
863,570,100
858.100,300
857,386,800
256.980,400
859,891,000
860,763.700
266.361,300
868,701,800
267,505,500
269,433,300
271.238.600
270.070,800
QUOTATIONS
10.553.2I XI
19,031,100
19,084,700
19,753,800
19.876,1X10
19,912,000
20,017.400
20.149,100
22,508,300
28,883,600
27,088,800
29.075,300
33,823,300
L. Tenders.
*
39,173.400
36,972.800
31.868,900
31,815,800
38,145,400
40.072,100
45,224,500
49,440,500
53.576,71X1
49,150,900
43,884.900
41.791,400
42.888,800
48!859,4O0
46,908,000
49,544,600
51,301,900
50,508,900
54.288,100
37,055,100
50,435.500
48.974,000
41,838,600
11. 879,31 HI
40,088,900
39,481,100
42,029,400
40,047.700
.38,093.500
30,438.500
33,097,700
311.151.7110
28,015,1X10
23.486.900
1st
m. 7s
do
land grant 7s
do
2d7s
112«
do
land Inc. 3s..
Boston a Albany 7s
121«
do
6s
Boston * Lowell 7a
flosion * Lowell 6s
Boston ft Maine 7s
boston ft Providence 7"
Burl, ft Mo., land grant 7s.
118
do
Neb.es
too*
do
Neb. 8s, 1883 ....
_
Conn, ft Passumpsic. 7s. 1897.
Eastern, Mass., 4 *s. new.
FltchburgIUl.,6s
do
7«
Fort Scott ft Oulf Is
Hartford 4 Erie 7s
i.an. city Top. ft w „ 7s,
...
''
'
'
weeks
19,335,800
198,943,800
193,121,700
195.303.700
200,355,000
204,514,200
214,331 ,71X1
224.937,200
19,512,100
19,635,500
828,817,1110
"
228,836.000
225.572.900
828,271,000
423.259*59
487,843 450
503,108 030
19.61X1,100
546,798 625
591290 770
598 238 201
529,990'9:)6
489,758 395
472,828 11.88
450,(l84!ou
458,981,901
438,735,690
432.526,488
391,835,780
481,691,637
747
491,715201
494,79-1
21,372,300
21.803.500
560.030,583
005,012,052
488,688 3(19
476,5(13 861
458,315,265
507.109,848
81,3,84,900
53(1.981.366
2(1.912.500
889,983,(XXI
21.531.900 591.859.560
21.932.400 747,278.535
22,080,100 741,448,440
232,81 i5,3l III 22.286,800 798,1X10,748
281 .008.000 22.448,700 701.277 728
234,412.000 22.000.500 885.862 857
231,927,700 88,341,900 772,150,13j
231,920,700
238,780,500
101
1st
Hill.
Old Colony, 7s
HM Colony, 0s
Omaha ft b. Western, 8s
Pueblo ft Ark. Valley, 7s.
iojk 103*
Kutland 6s, 1st mort..
95
Vermont a Canada, new 8s
Vermont ft Mass. UK., 6s ....
STOCKS.
Atchison ft Topeka
109
10914
At hi o i ft Nebraska ...
00
07)4
.
ft
ft
1
Pueblo
Albany
13
1
Lowell
'84)4 85
Maine.
11*3
Providence.
186
Burlington ft Mo. In Neb ..'
129
Cheshire preferred.
4674
Chic. Clinton Dub. ft Mln'"
89
90
Cin. Sandusky ft elev
i.i\
10X
'
ft
ft
.
.
'
Connecticut River
143
Conn, ft Passumpsic
51
51)4
495, Eastern (Masa.l
27V1
Eastern (New Hampshire/
FItchburg
121
121),
Kan. City Ton. * Western.
10014 K. C. Law. ft Southern ..
K.
89
C.St. Jo. ft Council Huffs
47
109)4 Manchester ft Lawrence
140
Nashua* Lowell
.' 103)4
I
Phlla. Wllru.
Sunburyft Erie
Texas ft
do
5s,new,reg.,1892-19(r.'
Philadelphia, 5s reg.
6s. old, reg...
do
do 6s,n.,rg., prior to '9r>
do 6s, n.,rg. ,1395ft over 119
Allegheny County 5s, coup..
.
119
Chesap.
reg
3s, reg. ft cp., 1113
6s, gold, reg
7s, w't'rln.rg. Aci-
,10 7s,
str.imp., reg. ,'83-86.
.
City 6s, coupon
,
.
ft
Klmlraft Wllllamsport
do
Huntingdon
ft
pref.
Lancaster
Broad Top...
do pref
ft
do
Lehigh Valley...
NeBquehonlng Valley
Norrlstown
North Pennsylvania
Pennsylvania
Philadelphia ft Erie
ft
Reading
do
do
m
6s,exempt,'93.M.4S
do
88,1900,
Q -J
10U
do
2d pref
do
Waah. Branch. 100 150
do
Parkersh'g Br. .50 _4
Northern Central..
SO
Western Maryland
311
Central Ohio
5V
Pittsburg
ft
4 Ohio
Connellsvllle..50
6b, 1880, J.ft J
.
.
pref
PeanBylvanla
Schuylkill Navigation
pref.
I
RAILROAD BONDS.
Allegheny Val..73-10s, 1896...
do
2d, M.ftN
do
8s,3d, J.ftJ
Union RR. 1st, guar., J.* J.,
do
Canion endorsed.
E.ext., 1910
Inc. 7s, end.. '9-1.
Belvldere Dela. 1st m. ,6s, 1308.
7s.
do
2d m.
6s.
'8-i..
3dm. 6s, '87.
do
Camden *Amboy 6s,coup,'88
106
103)»
6s, coup., '89
do
mort. 6s, '89
do
ft Atl. 1st m. 7s, g„ 1 -an
Cam.
Cam. & Burlington Co.
Catawlssa 1st, 7s, conv.,
chat. m„ 10s,
do
6s,*97.
*«2. .
'88
.
111
new 7b I960
do
Connecting 6s, 1900-1904
Chartlers Val„ 1st m.7s,C.,1901
Delaware mort., 6s, various.
* Bound
(10
do
6s, 1883, A.ftO.
N. W. Va. 3d m.,guar., , S5,J4J
Plttsb.4 Conuellsv.78,'96,.'4J
Northern Central 6s, '85, jftj
do
68, 1900, A.ftO.
do 6s, gld, 1900, J.4J.
Cen. Ohio 6s, 1st m., '90, M. ft s.
W. Md. 6s, 1st m., gr.,'90,J.ftJ.
do 1st m., 1890, J. ft J...
do 2d m., guar., J.ft J
do 2dm., pref
do 2d m.,gr. by W. Co.. ft.
do 6s, 3d m.. guar., J.ft J.
Mar. ft01n.7s, '92, 1. ft A ...
CANAL STOCKS.
Br., 1st, 7s. 1900
lBt mort. 7s, '88
W'msport, 1st 111.. 7s, 'so.
East Penn.
El. ft
110)4 111
RAILROAD BONDS.
Delaware Division
Lehigh Navigation
Del.
6s, 1890, quarterly..
6a, park, 1890,11.—
6s, 1893, M. ft S
Bait.
WestJersey
do
do
6s,;8S6, J .4 J.
do
do
do
pref.
United N.J. Compnnles
West Chester consul, pref....
do
Susquehanna
d.j
Bait. ft Ohio....
co
1st pri f
Philadelphia* Trenton
Phlla. Wllmtng. ft Baltimore
Pittsburg Tltusv. ft Buff
at. Paul & Duluth R.K. Com
do
11X1
103
do " 190i, J. ft J.,
do 5s, 19.6, new ...
Norfolk water, Ss
BAILBOAD STOCKS. Par.
Little Schuylkill
Sllnehill
l'nlladelphla
-
6s, defense, .1.4 J..
6s, exempt, 1887. ...
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, (SSI, quart
new pref
ft Bound Brook....
Har. P. Mt. Joy
Dela. 1st 6s, rg.,'84
ft
do
do
Kast Pennsylvania
do
il'7
Maryland
pref
Catawlssa.....
pref
do
do
Delaware
.
BALTIMORE.
Atlantic
do
r8)4
cons. m..6r,g., 1905
1885.
Pennsylvania 6s,co-.ip , 1910.
Schuylk. Nav.lst in.6s.rg., '97.
do
2d m. 6s, reg., 1907
do 6s, boat*car,rg.,l9.:i
do 7s, boatftcar.rg.,19.3
Susquehanna 6s, coup., .9.8 .*
7s, reg. ft coup
do
Delaware 6s, coupon..
Harrlsburg City 6s, coupon
RAILROAD STOCKS.:
do
'97..
Morris, boat loan, reg..
do
Camden
7s,
,6s, g., 1903
.,
and coup.
exempt, rg. ft coup.
Camden County 6s, coup
N. Jersey 6s, reg.
Camden
m.
Delaware Division 6s, cp.,*78.
Lehigh Navlga. in 'is, rei:.,'
do mort. RR., rg .':..
do m. conv. g., r» g.,'94
do mort. gold, *V7
do cons. 10.7s, rg.,191
Pittsburg 4s, coup., 1013
do
do
do
m
.
6s, 10-15, reg„ IsTi-'IB
«a, 15-25. reg., 1882-'92
6s, In. Plane, reg.,1879
7s,
1st
I'ac. lat
do
inc.ftl.gr ,7s 1915
Union ft Tltusv. 1st in. 7s, '«.'.
United N. J cons. m. 6s, '94.
Warren* F. 1st m. 7s, "»6
West Chester cons. 7s, '»l
WestJersey 6s. deb., coup., '87;
do
1st m. 6s, cp., '26.
1st III. 7s, "J-j
do
Western Penn. RR. 6»,cp.-.89»
do
Is P. B.,'96
CANAL BONDS.
cur.,reg
Allegheny City
..
ltOC-
8yra.Oen.ft Corn'/, 1st, Is.l**
AND C1TT BONDS
Ss,
TH
Steubenv. ft Ind. 1st, 6s, 1884.
Stony Creek 1st m.;» i»07....
Suob. Hsz. ft W.,ist m.is.'Jl
preferred
PHILADELPHIA
do
do
do
do
do
18W-3
7s,
Bait. 6s,
do
do
7s, rcg.,l»«
Shamokln V.4 PotUv.Ts, 1101
Vermont ft Massachusetts..
Worcester ft Nashua
STATIC
ft
_
Arkansas
ft
Ilutlai.d,
Ask,
Bid.
Pltti.Cln.48t. L. 7s, con.,
Palace Car.
Morns
400,417 429
413,898 738
309,872'057
481 ,180.1157
19,81X1,1X10
19.781,800
19,707,600
19,683,100
19,868,000
230,424,71X1 19,685,400
827,315,800 19,856,800
225,754,000 19,869,400
226,983,31X1 19,977,800
20,056,800
888,177.000 20,156.200
226,113,000 20,371,300
230.007,300 20,548.900
241,388,800 20,509,900
240,194,300 20,531,600
843.383,000 20.549,500
864,770,700 20,594,800
853,830,300 20,682,100
848,474,800 80.719,500
235,958,900 80,887,500
Boston
Boston
Boston
Boston
Pullina
.1
7s, 1893-
do mort.,
__.
common.
do
..
R. cons.ln.6n j.l.Hil
ft
do conv.
'09)4
Chesapeake* Delaware....
past:
210,563,31X1
21X1,591,400
Concord
do
, lnc -o- ,..?".
Jr.. City Lawrence ft So.
4l...
Ka». city. Bt. Jo.* C. B. is.
Kaa. Vt St. Jo. ft p. B. la.'
I*ew York ft New Eng. Is
Ogdeasburg ft Lake Ch.8s.
1
do
7s. coup, off , V)
Phll.ftl.'.Coalftlron deb.7s.»8
do
deb. 7s. cpi.ofl
24
pref..
'
SR0UBITIH8.
BOSTON.
.
259000
"
Deposits. Circulation. Agg.CIear.
sbcuritikb.
Atch * Tcpeka
Doc.
BOSTON. PHILADELPHIA AND OTHER CITIES.
IN
I
CUBITUS.
Phil,
1'cnna. 5s, g'd, Int.,reg. or cp.
630,000
533.900
201.400
198.000
2,700
473.400
87,700
540.000
00.300
198.000
172,700
209.900
118.100
899,000
191,700
2,028.000
-1111. 11111)
264,000
8.774,000
970,500
9.487,000 1,480.200
801.800
3.537.IXXI
898.000
223,300
3.139.400
180,000
397.100
1.781.000
320,000
2.075,5(XI
990,000
278,000
3.008.3IX)
400.200
118.300
1.384.600
5,400
49.000
1.382.400
362,000
5.6t5,700
715,000
236,000
2.871,400
878.100
1,120,000
9,914,000 2.244,000
200.500
1,547,800
282,500
97,200
1,830,400
3.91X1
283,100
1.843.000
449.900
282,800
1. -1111.1111.
450,000
202,000
2.905.500
450,000
186,000
2.500,200
4.700
077,800
5.1 16.601.
777,900
325,400
1.550.400
234,000
8.772.000
357.000
2.409,500 18.20.->,9t0 1,083.61,0
935.409 15.603.800
537,300
605,8(Xi
78.800
311,400
101.000
705.900
117.800
751 .500
00,000
646.100
161,700
75.000
347.000
8,170,100 14.767.300
787.800
1,075.000
7.081.000 1,480.000
817.000
8.515.(11X1
269,000
518,900
3.948.900
599,000
270,400 10.879.600
450.000
442,000
7,052,500
798,700
90.100
870.800
869,700
288.000
1.034.000
825,000
310.000
1.230.300
180,000
81,900
1,788,400
880,900
2,343,700
270,000
4,148.500 Circulation
5,129,0001
Ask
48)4
Portland Baco ft Portsmouth
Fort Scott ft Oulf, preferred
794,800
deviations from returns of previous week are as follows
Loans and discounts
Dec. 11.101,800 Net deposits
Dec. *2 484 300
inc..
do
Old Colony
498,(100
The
Specie....
Bid.
New York
I
7.998.000
t
732.200
527.300
332.000
057.ni HI
1.882,400
2.911.000
3.999.100
5.101,800
1. 040.600
2.798.000
Marine
Park
Moch. BkK. Ass'n
8.920,400
0,030,900
0.730.300
8,768.700
4.33<.0O0
8." 73.000
171,400
00.400
157,300
77,300
532,001
259,500
014,800
19.300
375.000
1,000.000
800.000
Oriental
M
1
507
•BODBITIKS.
Net dept's
Legal
Circulaother
Tenders than U. S.
tion.
$
4.009.200
3.134,200
1.494.000
1.083,400
0,070,300
2.5S7.0OO
13,250,000
1,503.000
2.032.900
450.000
412,500
700,000
1,000,000
500,000
3,000,000
000,000
1,000,000
900,000
500,000
900,000
1,000,000
North America.
Importers'
»
000,000
Merch'nts' Exch.
Oallatln Nation'!
Butchers'&Drov.
Mechanics' * Tr
.
HQ3TON. PHILADELPHIA. Ktc.-Oontln
Average amount of
I
2.000.000
2.050,000
2,000,000
.. .
THE CHRONICLE.
|
New York City Banlts. The following statement shows the
condition of the Associated Bunks of New York City for the week
•nriinir at the commencement of business on Nov. 8, 1879:
Capital
.
.
5s,perp
do
HarrlBburg 1st mor'. 6s, '83..
H. ft B. T. 1st m. 7s, gold, '90.
2d 111. 7s, gold, '95.1
do
3dm. cons. 7b, *93V
do
Ithaca* Athens 1st g d, ls.,'S0
J unction 1st mort. 6s, '82
do
2d mort. 6s, 1900 ...
Lehigh Valley, lst,6s,cp.. 1898
CINCINNATI.
Cincinnati
t 105
6s, long..
do
7s
t
do
TSOs
t
do
South. RR. 7'308. t
do
do 6s, gold t
Hamilton Co., 0.,6s. long...t
do
7s, 1 to5yrs..t
do
7 4 7-308, long.t
Cln.ft Cov. Bridge sfk, pref.
Clli.ilam.
2dm.
Ham.
*
US
mi-
102
103
110
120
ft II. 1st 111.7s. '80 t
do
Cln.
Cin.
107
114)4
..
7a, '85 1 101
Ind., 7s, guar
Indiana 1 st
7s..
ft
m
.
do
2d m. 7s, -n. t
Colum. * Xcnla, 1st m. 7s, '90
Dayton * Mich. 1st m. 7s. l81t
do
2d m. 7s,'84.-r
3d m. 7s. '88*
do
Dayton* West. 1st m.,*sl...T
do
do
1st m., 1903. t
1st m. 6s, 190
Laf. '.at m. 78
do (I.*C.) lstm.7s,'8S+
Little Miami 6s, '83
t
Cln. Ham. * Dayton stock
Columbus * Xeula stock..
Dayton * Michigan stock.,
do
8. p.c. st'k.guai
Little Miami stock
Ind. Cin.
*
do reg., 1891...
do
do 21 m. 7s, reg., 1910..
183
do con. m.,6s,rg., 19231
us,, p., i9::t no
do
do
Little Schuylkill, 1st m. 7s.'82
North. Penn. 1st 111. 6s, cp.,'85.
109
I.OI IMII.LK
2d m. 7s, cp.. "m;
do
116), Louisville 7s
t
do gen. m. 78, cp., 1903.
do
6s,'82to'87
T
do gen. m.7s, reg., 190"!l 111)4
do
6s, "97 to '9J
1
Oil Creek 1st m. 7b, coup.,'8
do
water U.'Sl to '89 1
Pit isb. Tltusv. ft B., 7s, c |i..'9ti
do
water stock 6s,'97.1
20
scrip
do
wharf 6s
do
t
Pa.AN.Y.C.4 RR. 78,1896 ....
do
spec'l tax 6s of '89.
Pennsylv., 1st m., 6s, cp., 'S11. 104
nix Louisville Water 6s, Co. 190! 1
do
gen. m. 6s, cp.. 1910.
Jeff. M.ftl.lst m. (1*M1 7s, '3. t
do
gen. m. 6s, rg., 1910.
do
2d 111., 7s
1
do
conB.rn. 6s, rg., 1905.
1st 111. ,7s, 1906... .t
do
cons. m. 6s. cp., 1905.
do
Louis v. C. A Lex. 1st m.7s,'97*
jifS
do
Navy Yard 6s, rg,'81
Louis.* Fr'k.,Loulsv.ln,6s,'S
loiS
Pe n. Co, 6s. reg
Loulsv. * Nashville—
Perklomen 1st m.6s,coup„'9i
Leb. Br. 6e, "86
t 102)4
10.1
Phlla. ft Erie lat m. 6s, cp.,'8l 100
Istra.Leb.Br.Ex.Js.'SO-SB.t 103
do
2d m. 7s, cp.,'88. 199H 111
Lou. In.
do
6s, '93... t 102
Phlla. ft Read. 1st m. 6s, '43- '44
Jefferson Mad. * Ind. stock. 10314
'4s-.iv.
do
do
ST. LOUIS.
do
2d in.. 7s, rp., tl
do
deben., cp., 'fi*
t 104
115)4 St. Louts 6s, long....
109M
water 6s, gold
do
do
do
cps. o£
f 106
do
do new.t 105)4
do
do
scrip, 1382
bridge appr., g. 6s t J05
do
do
lu. 111. 7s, CP.1S96
renewal, gold, 6s. t 105
do
do cons. m. Is, cp..t91i..
sewer, g. 6s, "9i-2-3.t 105
ao
do eons. m. 7s, rg.,i9:i..
St.
*
In default,
t
Cou. to Jan..
t
Louis Co. new park, g.6s.f 107
do
Per share.
'77.
funded.
t
And
cur. 78
Interoa.
.
... M ..-rl....
\^
....
.
,
.
—
..... . . I
.
I
QUOTATIONS OF STOCKS
Bonds and
8.
active
... .
[Vol. XilX.
NEW
BONDS IN
A.N'D
Railroad Stock* are quoted on a previous page.
9
t.
THE CHKONICjlE.
508
XT.
—
M
.
.
YORK.
Prices represent the per cent value, whatever the par
may
if.
state no MIS.
8ECTR1TIES.
Alabnmn— 5»,
Ask
Bid.
SECCIMTIES.
...
.
new
new Boating
Sal Mon'tg. 4 Eiii'aula
8s, Ala. ft Cliatt. Hit
."..,
HO
50k
Clan
Arkansas—8s. funded
10
Rock* Ft. Scott las.
Memo. * J.. Bock UK
B. 4 N.O.IIB.
7s. I,.
7s,
7s, L. 111'.
7s. Miss.
It.
Connecticut—6s
Georgia— fls
.
itmd
1(H)
|
new
10..'...
endorsed
100
7s,
7s,
78,
gold
Illinois— Os.coupon, 1879...
110! a
i
110
100
I
{Actice previously quoted.)
....,'IOOK
.
& Pittsburg, guar...
Dubuque & Sioux City
Harlem
KO\I>
&
Houston A Texas Central
Ind. Cin.
&
Laf
Keokuk & Des Moines.
do
do
1^
25
114"
.
—
pref,
Marietta
&
70&
Cin., 1st pref...
do 2d pref...
Metropolitan Elevated
Mobile & Ohio, assented..
do
& St'. Louis.
N. Y. New Haven & Hartf
Ohio & Mississippi pref
Pitts. Ft. W. & Chic, guar.
Nashville Chat.
N.Y.Elevated
do
do
&
Rensselaer
127J* 128
76
Rome Watertown &
Louis Alton & T. H
do
pref
do
Paul & Sioux City
do
prei..
do
Stonington
Terre Haute & Indianapolis
Toledo Peoria & Warsaw.,
United N. J. RR. & Canal
St.
St.
133J«-
United States Express
Wells, Fargo & Co
Quicksilver
pref
do
Atlantic & Pacific Tel
American District Tel
Gold & Stock Telegraph....
Canton Co., Baltimore
American Coal
do
do
pref.
Ontario Silver Mining
Homestake Mining
Standard Cons. Gold Mining
Pullman Palace Car
114
BE
SO
23X 24
43^
Exchange
m
4 Alton— 1st mort.
Sinking fund
Joliet 4 Chicago, 1st m...
Louis'a 4 Mo., 1st m., guai
do
2d 7s, 1900.
„
St. L. Jack. 4 Chic, 1st m.
Miss. Kiv. Bridge, 1st, s.f, 6s
Chic. Bur. 4 Q.— 8 p.c, 1st
Consol. mort., 7s
5s, sinking fund
Chic. Kk. I.S P.-Bs, cp.,1917
6s, 1817, registered
m
M„ 1st. g„ 5s
tentral of N. J.— 1st m., "90.
1st consolidated
do
assented.
Convertible
assented
dp
Adjustment, 1908. ...
Lehigh & W. Bi, con., g'd
do
asse'nt'd
Am. Dock 4 Impr. bonds
.
39'
24
26
35
3H
6
180
4
40"
mi
110
105« 107
49
7s,
igold, R. D.
1st m„ LaC. Div
1st m„I.ft
1st m.,I. 4 D
...
1st
1st
m„ H. *
Con. sinking fund.
2d mortgage
lstm., 7s, 1.4 D.Ext"'.'.'
S.-west div., 1st
118
105
106
do 2d
do
ass,
Rome Wat. & Og.— Con. 1st.
106;
St. L.&Iron Mount 'n— lstm
2d mortgage
Arkansas Hr., 1st mort ..
107k
Cairo 4 Fulton, 1st mort
Cairo Ark. 4 T., 1st mort.
lOB&ilOBJfc
105«
....
108
109
K.C4N.-K.E.4R
Omaha Div., 1st mort..
.
.
.
.
St.Chas.B'dgclsf 7s, 1908
North Missouri, 1st m., 7s
St. L. Alton 4 T. H.— 1st m
2d mortgage, pref
,
...
113
....
114k 115k
.
.
..'118
111
::-.,
114',
93
114
83^:
114-X
103>i LOS
103
104. 4
10W, 105
112
ISO
95
nsS
T.AWab.,
108
105
107
6s, 1909.
lOSJi
7s.
& To!., sink. fund..
F—
do
St.L.Vandalia4 T.H.— lstm
2d mortgage, guar
South Side (L. 1.1— 1st mort
Consol.
cons, coup., 1st
do
do
cons, reg., 1st..
cons. coup.. 2d.
do
cons. reg.. 2d
do
Louisv.4 Nash. —Cons.m.,7s
10S
*109
'
115
!,
.16
HSki
I
...
do
2d
do
3d
do
4th
St.L.I.M.4S— 1st
....
115k,
IlllX
100k 101k!
2d
int., 6s,
do
do
do
C. .111 promise
101k
96k Mobile— 5s, coupons on
8s, coupons on
6s, funded
1.5
108
112
Montgomery— New 5s
New
T— Cons.ass,.1904-6
—
bonds
106k
Prices nominal.
81k 92k
47k 17%)
104kl06
84K 94k
'
N. Y. Central-6s, 1883
6s, 1887
6s, real estate
Hs, subscription
N. Y. C. & Hud., 1st m„ cp.
lstm., reg.
do
Huds. R., 7s, 2d m., s.f .,'85
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup.
do
lstm., 7s, reg
N. Y. Elevated— 1st, 7s, 1906
Ohio A Miss.— Consol. s. fd
Consolidated*.
2d consolidated
1st m., Springfield div
—
Western Pacific bonds..
South. Pac. ,.f Cal.— 1st m.
Union Pacific— 1st mort..
grants. 7s
Sinking fund
Registered, Ss
t And accrued interest.
103
1011
lot's
m
Richmond— 6s
Savannnah— Cons., new,
(15".
<;;',
Ala.4Chat.— Rec'rsctfs.var
Ciiic.4
Southwest.— 7s, guar
Ch—
m
|104k Cin. Lafavette &
1st
Cln.4 Spr— 1st, C.C.C.4I..7s
1st m.,K'd 1..S. AM.S..7s.
....
I
....
111
87
7s,
...
....Ill3
l^-^l
U0K
I
87;».
188
123
1139s
Denver Pac— lst,7s,ld. gr.,g
Erie 4 Pittsburg— 1st
Con. mortgage, 7s
125k
124k' 126
in., 7s
Atlantic 4 Gulf— Consol..
Consol., end. by Savan'h.
Cent. Georgia— Cons, m., 7s
Stock
Charl'te Coi.4
Cons., 7f
2d mortgage, 7s
Easl Twin. 4 Georgia— 6s..
ETenn.4 Va.— 6s.end.Tenn
E. Tenn. Va. & Ga.— 1st. 7s
Stock
.
.-o?»
A—
1(H'I 4
104
104
105', c
109^ 110
.,..
11*«|
4113k
Stock
Greenville
65
94
58
103
93
108
78
98
106
80
100
8k
7s,
4 Col.— 7s,
1st
N. O.
Ss..
Certificate, 2d mort., Ss. ..
Nashville Chat.4 St. L.-7s.
Br.
..
1st, 6s, Tenn.
Al.Br.
1st, 6s.
Pctersb— 1st, 8s.
Norfolk
90
4 Pac
McM.M.W.4
4
104
104
05
105
so
102
1st mortgage, 7s
2d mortgage, 8s
Northeast., S. C.-lst m.,8s.
2d mortgage, 8s
48
4
Alex'a— lsts,
11
Orange
98
2ds,0s
3ds,8s
4ths,8s
Rich. 4 Dan.— 1st consol.. 6s
Sontliw. Ga.— Conv., 7s, '86.
Stock
1st m., 7s.
S. Carolina
7s, 1902, non-enjoined
31
8UW West Ala.— 1st mort.,
73k
Ml
6s..
RR-
2d mort..
Ss,
8s
—
guar
PAST-DUE COUPONS.
It'lk KI5
m
;
1
2(1
20
20
32
15
IB
29
fift
45
90
90
30
34
108
7*
74
50
100
105
40
102
30
119
72
95
70
90
95
100
45
114
103
82
111
75
100
77
95
100
101
55
117
85
90
E8
97
78
A no
mortgage, 8s, B
4 Jacks.— 1st m.,
SO
80
85
104
102
105
85
mi
30
100
—
Km
42
103
110
102
105
2d, 7s
Mississippi Cent
lstm. ,7s
2d mort., 8s
Miss. 4 Tenn— 1st m„ 8s,
110
105
112
113
100
105
m.
90
05
Tennesssee State coupons.
30
35
South Carolina consol
....„ Kansas 4 Nebraska, lstm
74
77
Virginia coupons
....
46
43
do
consol. coii]"»r-s..
do
do
2d
.No price to-day these are latest quotations made this week.
113
72
80
102
100
27
Macon 4 Aug.— 2d, endors
Memphis4 Clia'ston— lst,7s
Stock
Indianapolis 4 St.L.— 1st, 7s
India nap. 4 Vine— lst.7s.gr
International (Tex. 1— 1st, 7s
Int. II. 4 Gt. No.—Conv., Ns
95
104"
100
113
45
.
85
109*
11:0
70
95
101'..
42
Indiana Bl, 4 W.-lstm..
2d mortgage
1st
guar
Incomes
now
1st,
100
45
98
77
93
71
63
ex land grant. 7s
110k! HOUS.4 Gt.N— lst.7s.g,1000
iw.
101
41
7
94
106
94
72
MO
70
60
111% Gr'nd R.AInd. — lst,7s,l.g.gu
65 >4
1st. 7s. Id. pr., not guar...
101
99
85
64k
:106
Georgia
Evansv. 4 Crawfordsv.— 7s. KM
llvansv. T.ll. 4 Cliic— 7s. g. 470
95
Flint 4 Pere M.-Ss, I'd gr't
46
Consolidated
10
Stock
Galv. Hous.4 H.-7s,gld,'71
RR.— 7s
118
106
103
equipment
5s
RAILROADS.
.
,
89
£5
30
90
no
8s
63
3sk
4 East. 111.— 1st
Bb
2d mortgage, inc.. 7s
Chic. St.P:4 M'polis-lst.6s
Land grant Income, 6s
Chic.
31
Norfolk—3s
Petersburg—6s
01.-.,
108
28^
5s
Consolidated, 6s
Railroad, 6s
70
465
07
new
New Orleans— Prem..
55
70
70
70
10
10
10
20
10
10
26
40
SO
80
80
3s
Nashville—6s, old
6s,
+111
97
Macon— Bonds, 7s
Memphis— Bonds, C
59
Bonds, A and B
loski Endorsed M. 4 C. RR
40
SO
64
S2
in:)
59'
30
94
67
70
98
95
100
HIT
7s,F.L
Columbus, Ga.— 7s, bonds..
125
86'
58
so
107
180
80
104
100
J. +112
J. +99
41
Charleston, S. C.-Stock,6s.
47',
accum'lative
.
J.4
J.4
CITIES.
Atlanta, Ga.— 7s
35
7s,prf.int.
.
.,1.4 J.
Virginia— New 10-40s
&
Central of N. J„ 1908
Chic. St.L.4 N. 0.,2d m.,190'
Leh. 4 Wilkes B. Coal. 1888
Lake Erie 4 W'n Inc.
Laf. Bl. 4 Mun. Inc. 7. 1899
Mobile 4 0. 1st pref.deben.
.
Water works
Augusta, Ga.— 7s, bonds
57
27
100
(Brokei's' Quotations.
7s, gold, 1892-1910
7s, gold, 1904
10s, pension, 1894.
125
1st ext.7s,excp.
05
16
SO
Oil
Rejected (best sort)
Texas-6s, 1892
M.4S. +103'
1(15
455
50
27
87
50
STATES.
..
113M 114
'79.
of
.
N. Carolina.— New 4s
So.Carolina— Con.. 6s (good)
INCOME BONDS.
118k
120
117
115
114
110
Bur. Div.
mort.
25
70
CO
86
110
81
1905
.
...,!l08
;..
B8
13
75
Southern Securities
489k 100
106k|
102
6e.
Income and land gr't, reg,
Det.— 1st. 7s,g
Union 4 Logan sport —7s.
U. Pac. South Branch
Tol. Can. 8.4
102k 103k
...
00
30
j
South Minn— 1st m.. 7s, 'S«
1st mortgage, 7s (pink).
..'5
Extension
Texas 4 Pac— 1st, 6s, 1905.. 100
:*.<
104
C
class
St.L.4 S.E.-Cons.. 7s.g.,'94
9534 B6'4
Tol., 1st, 7s, 'SO.ex cp. 496
98,t),
111.4 So. la., 1st m.7s,ex cp
09
West. 1'n. Tel.— 1800, coup.
114
1900, registered
;iio'
Spring.V'y W. Works, 1st 6s.
Q.
new bonds. i*108
Cleve. P'ville & Ash., old.Sloa'4
new 11*
do
115
Buffalo & Erie, new bds..
Buffalo & State Line, 7s.
Kal'zoo & W. Pigeon, 1st.
Land
84M 85
,
Stock
St .L.4 San
2d m.. class A
2d mortgage, class B
I
lst.W.D.
1st St. L. div.7s,ex mat.cp.
2d mortgage ext.. ex coup
Equipment bonds, 7s, 1883
Consol. conv. ex coupon.
Gt. Western, 1st m.. ex cp
do 2d m..7s,'93,ex cp
m.. tl03
RailroadsCentral Pacific— Gold bds.
San Joaquin Branch
Cal. & Oregon, 1st
State Aid bonds
Land grant bonds
1«0«
SIM
1924,
not assented
do
St. Joseph 4 West'n— 1st m
2d mortgage
65k' 67
113 ;ii5
97
98
Burlington Div
2d mortgage. 1886
Consol., 7s, 1810
Pur. Com. rec'pts, 1st, E.D
Wabash KR.-Mtg..7s
losi,,
-.
Mobile & Ohio new mtg. 6s.
N'Bh.Chni.A St. L.lst 78,1918 106
114'.,'
Columbia—8-65s,
Rec.certif's assent,'.!....
U3W
D
1st pref. inc. for 2d
1 st me. for consol
61^
s. f.,
income
Belleville 4 So. 111., lstm.
do
do
.
Sd mortgage, inc., 1911
H. & Cent. Mo., 1st., 1890.
121
*88
20
88
75
56
30
...
New Jersev So.— 1st. 7s, new
N. Y. 4 Os'w. Midl'd-lst m
;oi" ids'
do
97M »7H
-
1st
"
St.L.
do
Mo.K.A
110«
lSflfl
lst',7
Long isunu — 1st mortKHjce
Montclair&G.L.— 1st, 7s, n
N. .1. Midland— 1st, 7s, gold.
2d mort
100
I..-'.,
107S
!
I
109'
ttS\I*SL tt D » v - 1910.
4 Northw.— Sink, fd
*
2dmortL'age
Income, 7s
1st m., Carondelet Ur...
South fuc. of Mo.-lstm.
Kansas Pac.-
W.—
ind'y, 7s
Cedar F. * Minn.,
Lake ShoreMich S. & N. Ind.,
Cleve.
new,
new,
euiisol. bonds
ex matured coupon
D. of
119k.
St. P. * Sioux C. 1st 6s. 1810
96
105?s 105Ji Tol. Peo. 4
1st m., E.D. t'20
ioik
1st mortgage, W.
4120
Waco&N.,8s
and
ss
SI
31
series
Small
Registered
lstm.,7B,R.iL.G.D'd, do
Buff.
Inc.
new
new
Bs, eonflQl., Sd series
6s, deterred
5
5
:;'..
I
nif
Chic.
Int.
4
:
33!4
112
.
fls,
04
110
2d mort.. 7s, gold
Cecilian Branch, 7s
looitsioi
Miscellancons List.
Nasliv. & Decatur, 1st. 7s. 104W; ...
(.flroi&ra* Quotation*.)
L. Erie* West'nlstCs.lOlH.
93$ ....I
Laf. Bl n & Mun. 1st 6s,1919
RAILROADS.
91k 02k
Marietta & Cin.— 1st mort. *103
,.^| Atchison 4 P. Peak-6s, gld
1st mort., sterling
Bost. 4 N. Y. Air-L— 1st m.
Metropolifn Kiev— lst.1908 103)4 103k' Cent, of la.— 1st m., 7s, gold
Mich. Cent— Cons., 7s, 1902 117J4 117k!
2,1
100
1st mort., 8s, 1882, s. f
110
Stock
,.
Equipment bonds
107)»;i07k Chlc.ACan.So.— 1st m.,g
no
no
D....
m.,C.4M...
»'-;.
n
J
1st 111., lis. SI5, withcp.ctfs
1st tn„ 6s. '96,
do
1st 111.. 7s. 1, eav.br.. do
.
Pacific
M
fls,
(is,
8
m
reg„ 7s, 1917 *109
do
Albany & Susqueh., 1st m 113
107
do
2d mort
3d mort.. 100
do
do
1st con., guar
12l"
Rens.& Saratoga, lst.coup
do
1st, reg.
.
89
107
;ooi 4 167"
cnic.Mlf.48t.P.— lst,8s,P.D *123;„
2d mort., 73-10, P. I).
H-«4
lstm.,
no;-;.
39% Ill.Cent— Dub.iSiouxC.lst
Dub. & Sioux C, 2d div...
"
10
15
15
l'acilu- liii.o, .111..- 1st oi.
118" 118
:107
Coup.. 7s, '94
Reg. 7s, '94.
.
assented
,...-do
,
illc;
1
108
108H
114?4 115'..
N.Y.A E, 1st m., 1916
N.Y.L.E.&W„n.2d,eon.,6s
89k
do 1st, con., f. cp., 7s
do 2d,con.,f.cp.,5s,6s
103X104
106
Han.
&
St. Jos— 8s. conv
20
21
%
61k Hous.i Tex. C— 1st. m. i.,7s
1st mort., West. Div., 7s.. 105
46« 47
1st mort., Waco & N., 7s*
136^
2d C„ Main line, 8s
Mr,
Income
Keok.& Des
morigage. 1891
extended
Long Dock bonds
65
A.&O...
Vlrgimv-6s. old
.
.
108
64
56
0s,
0h,
Hi
,
—
4s:i
6s, gold, series B, int. def
6s, currency, int. deferred
11
104«!
do
1st con., g'd..
Del.&Hud.Canal— lstm.,'84
do
do
do
30
50
50
.
.
Tennessee—6s, old
84
H4
e
RK
J
,
8s.
1st mort.. extended.
3d mortgage, 7s, 1SS3...
4th mortgage, 7s, 1880
5th mortgage, 7s, 1888
1st cons, gold 7s, 1920
Price*.
Bur.Ced.R.4 North.— lst,&
Minn. & St. L., 1st, is. gum
Chesap.4 O.— Pur. my fund
Chicago
m„
Krie^
108
do
&
.
7s of 1888
::" i26
105
108
1st n 1 . ,7s. land gr't,'80.do
108
2d mort., '86
do
...
1""'.s
",
114
Inc. coup. No. 11 on 1916..
f,
tlOl
Inc. coup. No. 16 on 1916.
Consol. mortgage
75
105
C. Bt.L.4 N. O.- Ten. lien 7s
Den. Div. (is ass. cp.ctf... 101?i 102
lOOa*" 102M! Pennsylvania Kit—
1st con. 7s
104
Del. Lack. & West.-2d m. 1:104
Pitts. Kt.W.Jt Chic, 1st m. 18!
128
7s, convertible
do
do
^d m..
tll2» 4
Mortgt-ce 7s. 11107
do
do
3d m..
Syr. Biiuh. & N. Y., 1st, 7s 114
Cleve.A Pitts., consol., s.f i 1 1 .1
tl21
Morris A Essex, 1st
do
4th mort.
4106
*115
do
2d mort.
81 H
115H.
Col. Chic. 41. C, 1st con.,
do
bonds, 1000 498
do
40
2d con...
construct'n
instV:
do
96^
do 1st Tr't Co.ctfs.ass,
do
7sof 1871. 110 illOVi
do
do
81
suppl,
1st
10
.1
Non-fundable
-
Det.Mon.&T.,lst,7s,'I006
Lake Shore Div. bonds...
O— 1st 6s.Prk.b.l918
104
HU2H
Denv.S R. Grande— Ist.lSOO
Railroad Bonds.
Slock
Bait. 4
104
.
,
Bost. H. 4 Erie— 1st
1st mort., guar
11:0'.,
'- 1
.
& Milwaukee, 1st m.
Winona* St. P., lstm...
do
2d m
C. C. C. & Ind's— 1st, 7s, s.
2d
Consolidation Coal of Md..
Cumberland Coal & Iron....
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
Mariposa L'd & Mining Co..
I
INI
••
J
Special tax, class 1
do
class 2
do
class 3
Ohlo-fls, 1881
6s, 1886
:
11,5',,
104
1
bonds.
1st Pa. div., coup., 7s, 1917
.
American Express
t-'oid
Chic.
159
,
Miscellaneous M'ks.
Adams Express
105
|
i
A
26
iiS
104
A.40
Cluilham
.
4103
Peninsula, 1st m.. conv.
7T»4
111
Ogd...
lo-l-
1
bonds, J.
do
25
1880,
1889,
AND MISCELLANEOUS STOCKS AND BONDS.
Sinking fund
Iowa Midland, 1st
134',.,
spec'l,
Saratoga
104' 4
20
Kundinnact. 1866
Land Com.,
.1
m
Lake Erie & Western
Laf. Bloom. & Muncie
Long Island
Manhattan
Registei'eil
4
do
A.AO
do
coup. off. J.4 J.
do
coup. Off, A.4 0.
Funding not, 1868
do
1808
New
10:
.Noil nw., rons. ous..
Galena k Cliicaco, exten
104
Clev.
1
(Extension bonds
lstmortgage
Coupon gold bonds
Railroad Stocks.
—
44*
1880
(Jlnr.
A.* O
No. Car. UK., J.
Missouri—As. due 1883 or '83
6s, due 1888
6s, due 1887
Ms, due 1888
6s, One 1889 or '00
Asylum or I'niv., due '03.
Funding. 1894-05
Hannibal 4 Bt. Jo., 1886..
do
1887..
00
ICAII
Albany & Susquehanna
Boston AN, Y. Air L., pref
Burl. Cedar Rapids ft So.
Cedar Falls & Minnesota..
Chesapeake & Ohio
do
do
1st pref.
2d pref.
do
do
Chicago & Alton, pref
Chic. St. Louis & N. O
6s, old,
Ba,
So ol 1818
gs,oi lino
78, consolidated
7s. small
Michigan—8s, 1SS3
"s,
I
5"
r
hi:..
Arkansas Central UK.
7-s,
5
.
0.4
6s,
6s.
do
8s,
B0
4S-U
Bout ti Carolina— ds
Jan. & July
April &Oct
do 1802
do lsim
North Carolina— 0s, old.J&J
debt...
penitentiary
levee
7s,
1898
1893
A, 2 to 5
B, 5s
0,8 to 5
8s of
8s of
Class
Class
(Is,
li.lt.
Rhode Island—oXcoup. '98-
lsiu
,io
tie,
Ask.
SECfltlTIES.
fork—tie, gold. reg..'S7
6s, gold, coup., 1887 ....
- 18).
Be, Loan,
1888
Louisiana— 0s
Os,
SEOl-KITIES.
Xew
100
100
Kentucky—6a
Os. 1880
88.1886
Ask.
Bid.
Illinois— War loan
1883
100
8H
105
no
115
80
111
107
94
114
108
105
106
110
99
96
11*
•MH
B8W
66
^
110
IC9
113
$J
«*H 83
95
100
82
101
105
56
60
108
108
10
110
10
40
20
82
25
84
..
November
15.
,
.
.
.
THE CHRONICLE.
1970.]
NEW YORK LOCAL
Bank Stock
Companies.
SECURITIES.
Insurance Stock
l.i.i.
Surplus
il.'ites.
IIM! SaV™
Ij.
BlC not
..no
.
.
£
».
•
Net
1,287.400
1,323 1 00
I,
Bowery
Broadway
loo
rtutchers'ADr
8.1
BOO,
loo 8,000,000
000,000
Chatham
450.IKKI
0:1,000
Chemiei:
MKm.OOO
Cora Exch'ge*.
1,000,000
East Elver ..
llih Ward'....
Fifth
Fifth Avenue".
.'.10,01 K>
First
50fl,0(Kl
.
I.10.IKIU
1
i.ooo,
7.10,000
I
I
Geriuania*
Greenwich"...,
Grocers*
rrcantlle
BSJM
.-4,11.0
,10
Nassau*
i
'.oo.oiio
Sixth
state of N. Y.
300,000
800,000
500,000
200,000
800.000
100
100
374,lflO
too l.roo.uoo
.
4011,000,000
1.2IK1.IKKI
.lo
10M
Nov,
I
7
"'i
I'.r.,
I
1.
A
A
J.
J.
A
J
117.300
53,300
74.000
1 72.SU0
4B.300
241.300
52.300
200 200
J.
A, I.
J.
J.
o.nd.8
M.AN.
.'0
to.
ax
'79.
7
4
8
«>4
12
9
79.
.Ill
79.
July,
7
8
2
-
6
Ju'y, '79. 4
Nov,
2
'70.
2*
iJuiy, •:9.
I
May,
3
'79.
US
0>4 Juiy, '79 8J4
IJuiy, '79. 2i„
..
[July! '79. 3H
..
Ju
8
Aig
'70.
8J4
Ju.y,
July,
July,
"b'w
10
111
MercantileMerchants'
Montauk (Bknj
Nassau (Bklyn)
National
N.Y. Eqnltahle
New York Fire
N. Y. A Boston
New York city
Niagara
North Elver
PacIOc
8X
79.
Park
Peter Cooper...
People's
Nov,
8
Relief
and
Gas and City Railroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss. Broker. 24 Broad Street. 1
Gas Companies.
Par.
Brooklyn Gas Light Co
Citizens' Qaa Co iHklvn)
do
bonds
Harlem
Jjrsey City
People's (Brooklyn)
bonds
certificates.
New York
Sieecker st.<& Fultorii'err^— stk.
1st
mortgage
ti
Seventh
Ave— stk
mortgage
BrooUi/n City— slock
1st
1st
mortgage
Broadway {Brooklyn)— slock..
Brooklyn & Hunter's /t— stock
1st mortgage bonds
Avenue— stock
1st
mortgage
IdSt.
1st
it
Grand
St
ferry-mod
mortgage
1st
..
L.
3d mortgage
Cons Convertl :>le
Extension
kzlh Avenue- stock
\u«„
AN
145
800,000 J. A J.
691,000 J. AJ.
8,100,000 Q-J.
1,000 1,500,000 J. AD.
10 2,000.000 Q-F.
1,000
300,000 M.AN.
100
I.
200,000
100
1,000
1
1110
3
8
100
1,000
400,000
300,000 J.
500,000
A
1st
•
t
Ntrsst—stock...
mortgage
r,,i,
Also
( .„i„,
6
„„
100
100
.i,,.
wa
per cent ex
,„ Bl
ra.
.
1.15
Q-J.
208,000 J A .1
748,000 M.AN.
236,000 A.AO.
800,000
200,000 si! AN.
.
100
2.-H ooo
500
500,000 J. A J.
100 1,199,500 Q.-F.
Dee. 1902
Nov.
'79
jivideua ou»ioc»». b.o
A
...„
u...^„.
U
......
2«ht
H
02-,
100
lib
lib
160
115
27)4
101
10
July, '94
»pr., '78
87
34
20
90
40
'80 115
May, '88 .so
Sept,.. '83 75
Miiv. "77 85
rnfjri 'no 10S
*ug.,
79
-
123
Iuiv. 90|t01
Vug. '79 loo
M.iv 108 1"H
Croton
do
Croton
do
lo
181
l.K)
184
!70
MM
"5
80
18
II
Juy,
July,
N'ne Jan..
10
July.
71
ISO
lis
185"
10.1
125-
60
58
133
70
80
79. 4
'79.10
100
195
iib
208
6
108
'79.10
110
lf«
113
100
5
-
'79.
sy
Juy,
July, '79.10
Julv, '79 8
17)4
12«
10
10
-70
Aug.
10tf
115
4
'79. 6
'79. 5
"77.
'7M. 6
.Inly. '79. 3)4
'79. 5
,
130
iob
lllo
">
79.
20
10
18-356-23
140
105
8
'79.
80
90
130
80
5
'79. 6
.1
80
121
5
'79.
'79.
'<9.
115
80
1.1
100
150
100
mi
70
5
Au<.
128
115
80
Aug
1«B
187
110
lily, '79. 2)4 120
July,
810,962' 16
101,565 10
403,362 20
July, '79.10
Daniel
Mjean, Broker,
A.
!00
82
81
95
115
130
103
1.13
104
1841-63.
.1845-51.
..1S52-S0.
do
Aqned'et stock. 1865
pipes and mains...
reservoir bonds
no
27
F na
Strait.]
Months Payable.
due.
..1853-65.
1870.
6
5
6
7
6
7
8
6g.
6
do
New
do
Consolidated
"Westchester
Coas<ll atel
-
>>•-<)
in.-
Mai-
7
7
Buna, Jr.,
July,
do
4
108
110
lid
1C8
lis
Broker. 1
lis
108
108
18V4
1926
1854
New
...
Brldg-
1879-1880 101
1881-1895 102
1015-1924 123
1900-1024: 180
1904 19121120
[Quotations by C. Zabriskci.
Waiet loan long
1899-71
do
'864-M.
Sewerage bonds
870-71.]
A.v&e.smeat bonds
in provement bonds
i*MS-*»
8-r.en oonos
112
109
*.oe
l.s
1880-18K3U-3
1880-1885. lol
.100
1924
19O7-1910f,OS
41
Montgomery
8t.,
Jersey City.]
1895
96
January A July.
1899 1002 100
January « Juiy.
187S -IS
do
do
Jan., Mav, Iilv A NOV. 1878-1879, 90
189' 91
lis
J. A J. an 1 J A D.
.I.-..—
,n
.l
.)••
I
10W
I
95
w
109°
111)
100
103
108
111
12«
124
125
113
18.19-19031110
1881-1,895 .02)4 III
Brooklyn bonds nal.
—
:-'
.
1M
"
City oor.es
Jerttty City
101
105
107
at.]
I
Ja mary A luly,
lo
do
lo
do
do
do
do
do
do
do
do
do
May A November.
do
4o
January A July,
do
do
do
P.rk bonds
Water loan bonds
Bridge bonds
waier loan
"AH
A
do
do
do
do
do
Miy & Novenix r.
Iirooklyn -Local liu -r'eui't—
city bonds
Kings Co. bonds
do
do
Park bonds
It
119
1C8
116
115
113
1901
1888
HKJs IDS
105
1879-1882 108
15
118
1896
Qua-t-rly.
5
[Quotations by N. T.
104
189
107
1894-1897 lis
:07
1889
1879-1890 108
a November,
do
do
do
do
do
January
do
a
t
too
ISO-*
?*
County
do
do
do
do
do
do
Street Imp. stock
var.
var.
May Aug. A Nov.
1880
IM90
1883-1880
1884-1011
1884-1000
May A November.
Feb. .May, Aug.*. hoy, 1907-1911
1898
do
<'o
1895
do
do
1901
May A Noveuit er.
Feb.,
1.-7S.
do
18«-«8.
Market stock
18W
lmpt >vement stock
....16t».
do
1.0
var
Consolidated bonds
108
92)4
99
,
3».
.Inly, '79.10
July,
Oct.,
July,
July,
July.
15
105.
'70. t
'79. 3)4
Ju:y, '79. 5
Ju v, '78. 5 100
122
July, '79. 5
'79
Fort.-
do
90
61
Nov.1904
Apr
tLilt
ISO
91
Bonds
Dock bonds
08
Jui e, '93 lor,
July, '"i ISO
Jan.. '84 100
N(.v. '79 leo
Apr., '93 110
I.
150,000 A.AO.
1,050.000 M.AN,
lOOtfcc.
200,000 \..v
750.000 '.LAN.
100
1,000
415,000 I. A J.
100 2,000,000 Q-F.
1,000
,000,000 I. * J.
600,000 I
100
J.
23O.0O0 M *. V.
1.000
100
85
14
ISO
5
t Indus. vc o
all liabilities. Including re-Insurance, capital and scrip,
Flgu es with a minus sign (— ) Indicate extent of Impairment.
Central t-aik bonds.. 1S58-57.
'7J1I7M 100
Arr.. 79 ill
100
1888
8
Ju.y. '79.10
July, '79. S
July, '79. 5
July, '79. 5
Juy. 70.10
July. '79. 5
July. '79. 5
18
KO
"W. 5
'79
'79.
July. '79.
10
70
18U
180
'70.10
16
10
10
16
10
18
10
20
80
10
16
18
20
10
20
lu.y.
Jan..
July.
July.
106
Over
•Aaterstock
waterstock.
,
July.' "79
"
.V(ir
18
150
110
J.
lu.y,
la.:.
July,
Jo y.
ISM 16
23,325 10
180 272 11-55
118,074 15
34,310 10
143,401180
100,523 2.1
•I
87),
Nov., '80102
A.AO.
193,078 25
87
va
11
10
10
18
M
INraaasr.
80
80
95
110
Aug. 79 140
50
24,838 10
185
160
1
City Securities.
81
100
90
10,1
Ju'y. '73
10
10^
46,'949
70
U
1
20
Sept. '79
12
8M
85
BJ
luly. '79.
30
104,055;2()
140
175
l.'l
July, 79. 5
Jan., '79. 3* :1)
97
Jan., '79 5
Ju y, '79. 5 loo
July, "!- «)s llo
id"
11
198,087 20
7W
y. '70. 3),
N'ne
N'ne Jan.,
80
20
497,251 jao
70
103
.
mortgage
third A re/i. ie— stock*
1st mortgage
I 'i>*nt>/-li>frn
1,000
»5
50
73
90
83
25
14
130
189
86
150
t
2.1
150,000
150,000
000,000
200,000
200.000
300.000
800.000
200,000
800.000
200,000
200.000
800.000
200,000
200.000
800.000
250.000
300J100
230,000
18
133.855I20
21,128
22,054 io
454,'28iho
11
1,976J 18
100
188S
O
2.1
C
20
17
7
7 'J'ly.lVOO 85
1)4 Oct . 70! 63
/'u y, '84 101
Q—
Stuyvesant
Tradesmen's....
United States..
Westchester...
80
304,30020
[Quotations by
Broadway.]
H
.10
10
80
101
l.ln. e,
!
i
1st
1
H
2kiMay,
1,000
1.000
.
10
2
July,
3J4lJuIy,
Grant, Broker,
1,000
Bouaton.V7eiit st.itPav.F'y—atti
1st mortgage
jerou.' avljiuc— stock.
101
90
1,000
mortgage
101
18)
1897
Ju'y,
too
100
scrip.
08
GO
Jan..
3W
lo.l
110
10
1.000
Var.
3
Star
Sterling
12
mo
107
July. '79. 5
Juiy. '70.10
20
5
20
80
20
100
181
y. '7n.
lu y, '7».
10
10
10
10
20
10
'77.
:s6
70
Till
93
80
88
100 1,000.000
Central Crots 'loion- stock.
,
vay,
Bushwlck Av. (tfklyn)— slock..
100
wnlrnJ Pk., .V..f* K. River—V.S..
100 1,800,000 j'.'a'j"
Consolidated mortgage bon,,| 1,000 1,200,000 .1.111.
100 1,200.000 (J-F.
Dry Dock, E. B. A Battery— slk
1st mortgage, cons*d
500AC
900,000 J AD
Eighth
e,
Nov,
M.
H
-1.1
145
83
too
.
Var.
100
100
[.Quotations by
S7
1.1,1
100
00
50
Williamsburg
do
scrip
Metropolitan. Brooklyn
Municipal
no
bonis
July,
18»8
Feb.,
July,
•'ug .
Ju.y.
1882
July,
25
Va
2,1
25
10
160.652I25
104.605 18
102,040,;)0
11.11
12
12
,J8.S*l20
400,20380
1
10
200.000J
800 0001
21 0,01 K)
200000
2o
50
10
10
In
t
II
lol
Ju
a*
to
™' S^20
21
Saleguard
St. Nicholas
Standard
Willlamsb'g
UM
Aug
100
Bid.
Nov.
Ju
r.
1,000
New York
Broadway
50
20
00
100
V
do
ceruilcates
Mutual, N. Y
do
bonds
Hassau, Brooklyn
do
scrip
do
do
*
1,000
,
a Hoboken
Metropolitan
do
do
a
20
20
Manhattan
Central of
Amount. Period
Date.
1
5
July, -7tf. 5
July, '7j. 7
Ju'y , '79. 5
July, '79. 7
111
10
103
,107
185
3S
July, '7u
H
10
"7
100
1
5
'79.
soil
|170
5
'79.
N'ne July,
11
10
38.280] 10
153.21)9 80
too
00
25
10
a
10
10
210,1133,80
2OO.000
300,000
500.000
850.000
200:000
,10
Rutgers"
The
12
10
80
203.802;il
119,904114
55
120
12
07
July, 7». 7)4 HI
»-.
1.1
1.1'
200,000
2.IO.OO.)
100
100
100
100
100
Republic
Riagewood
July, '79. 6
1
llo
118
'uiy. ''0. 5
10
:
1
85
Phenlx(Bklyn) .10
Produce Exch. too
'79. 3J,
an. '78. 3
7)4 Inly, '79. 3)4
10 iNov, •79. 4
8
8
87»4
Aug
W
aiJO,704'8o
";31,194 io
850,0001
200.000]
150.000
200.0001
800.0001
50
50
50
Oct..
lo
10
889,680140
28,078 10
12;.'!U 20
6311.560! 10
)
200.000
H
.
ly
July. 79. 3
7
1
B
J.
2^
'79. 3
July, '79. 3J4
»7,i4
Jan , '79. 8
July, '74. 31,
Au/. '79. 3),
Aug. '79. 3
105
July, '78. 3
July, '79. 4
luly, '79. 4
6
M.A N.
4
'79.
•77. 3
'79. 8),
Inly, '79. 4
10
loo,
Manhattan
100
Mech.ATrad'rs 20
Mech'lcs'<Bkn) 50
3
6
.1 1.
25
50
25
Munul'.A Build. 100
800.000
4
80
II
11
80
IPS
120
183
'77. Jan.. '70.10
'70.0 81
20
10"
9J.141|10
35,537 10
|]70
N'ne'.hny,
Juy.
3.420, 10
143.1 13!a0
800,000
3iai,ooo
'79.
'79.
18
12-50 13 40
80
Longlsl.dlkn.)
Nov.
5
25
188,010 80
1.10, II, Ml
2N<..
1 50.111 10
Lorillard
131
lu y. '7H.I0
lu {•: '70.10
I0'78 ,131. '70.
J
12
.Inly. !19. 5
22
lo
94,28018
"•ft
200
200
1-.1
1-0
20
20
17)4
18
id'
10
100
June. 70.10
Aig. 7«. 8
80
80
5611 in
.lulv.
80
80
20
20
20
80
13
100
f.amar..
I.enox,...
4
10
011,883 10
Inly, 78. 5,
78. 8)4
8)4
14
July. ,79. 3H
10
Ju y, .71). 5
N'ni Jan., 77. 4
10
Inly. ,78. 5
15
10
*03,104SO
124,980 20
l,17'.i.r,!H
DM. Auk.
Last Paid.
5
10
15
88,070; 12
7,458 10
2110.010 +288,H38- 10
8
July,
July,
Nov,
Importers'A T.
100
Irving
30
Jefferson
Kings Co.(Bkn) 80
Knickerbocker 40
Lai'aycUe(Bku) 00
•70.
I*
Id
i
25
00
00
.
y. '79. 4
6
if
100
Hope
Howard
•79. 3
•79. 3)4
Uuly,
500,000
200.000
200.000
800,000
150,000
500.000
200.000
81000,000
1.- 0.000
000,000
200.000
200,000
50
00
Home
200,000
4,877 10
800,000 —10,914 25
400.000 +40O.III. 15
200,000
08,-.24 10
200.000
8
200,000
..110
800,000 3118,757 20
200,000 298,201,20
153.000
107,808 80
300,000 4KI/81 20
210,000
183,191180
850.000
145.14480
800.0001 —1.422 10
1
100
10
iluimnan
4
2)2
1870. 1877. 1878.
200,000, 100.780 2.1
1,000,000 1,010,755 1P43
300,000
581.870 80
200,000
811,003 1!
1O.1.2IO20
200.010
800,000
185.888 is
204,000
08,233 15
150,000
10
150.000
78,878 12
200,000
147,083
?lj
,000,000
822,647 10
r,o
00
25
Globe
Greenwich
Guardian
Hamilton
Hanover
m. sw
IV, •79.
80
...
KrankllnAKmp|100
78. 3
Aug.
100
"'
Gerinau-Atnor. 100
00
Germania
July.
J.
A J.
A J.
AJ
A
A
•/7.
-lai...
July,
F.AA.
F.AA.
io:,7eO J.
200,000
S
3
.
70
Continental.... 100
to
Kagle
Empire City.... 100
80
Kxciange
r,o
Karragnt
17
Firemen's
Firemen's Fund 10
10
Firemen's Tr
5
July,
July,
Jan.,
July,
A A.
A J.
A J.
A
8
79.
17
M
Columbia
Commercial
103)4
7
M.AN
I. A J
I.
70.
'70.
2,'i
Paioa.
I.
18711."
.
2.1
way
I
Iirooklyn
500
11
M.AN
M.&.N
M AN.
J.
J.
J.
May
a
city
Clinton
'70. 3)4
'79.
N. v
.11
Citizens'
3
May
|O0
100
Iiowery
4
W. *«
Oct.,
-iUf
I
00
Atlantic
8
•76.
'19.
loo
Amity
figures In this column are of date Oct. 2, 1879. for the National banks,
of date scot 13 for the State banks.
5
Amount
20
.Ulna
American
American Exch
DiviDttirnv
Surplus,
July
Adriatic
ill
TO. 5
'July, •70 3
o
77.0
J. A J.
107,700 I. A J.
214.300 Q-F.
255.000 I.A.I.
120,000 I. A J.
174,100 I. A J.
51.100
121.0IJO
.'00,(100
West Side*
May.
77.900 F.
100 l.OOO.OOii
Third
Tradesmen's.
cLion
M.AN.
A.AO.
76,5(io J.
105,5(10 •I.
310.000
300,000
S0| 422,700
100 2,000,000
20 412,000
20 1.000.000
St. Nicholas.... 1001
8
il. I..
8)4
10
so/ou I.A.I
7.10,000
70:1,000
Seventh A'ard. 100
Second
100
nhoe & Leather 100
'7-f.
!ju.y
*
70,«ro
58.800
oso.uou
l.ooo.ooo
2,000,000
aoo.ooo
300,000
50
Republic
id
071, loo! J. A. I.
153,700 J. A J.
0O4,io,.|.ft J.
782,000 J.
J
..
Produce*
.3
•Inly,
.inly
a
'
100.80!) I.
274S,,;, I.
9 n On
S3.0»o
220,901
:
'70.
'79.
luly, •711. 3
101
liny, •70. 3)4 10S
...
'
tPJ'.'
I. A J.
43' 400 .1 . A .1
015 ,000 F.AA
f.100 J. A J.
:.
I.0O0.OM
100,000
New Vcr-
People's*
Pheutx...
J.
J.
A
A
1.000,000
2.000,000
1,000.000
.
70. 3)4
Inly,
8
8
127.100 I. A.l
7,200 J. A J
87,1)00
..
Pacldc
A
A
I.
i
St.HI.000
Hill"..
Parle
kj
200,0(10
100,000
ino.ono
600,000
2,000,000
600,000
Meclianlcs'
Mech. Assoc'n.
Mecli'lcs A Tr.
Oriental"
:'.:
200,000
2,OB0,<
Mannf. tfcM'.T.'
Marine
Market
N. Y. Couatv..
N. Y. N. Exeh.
Ninth
No. America*..
North River".
A
ie
01 100
000,000
100.000
600,000
Irving
Island City" ...
Leather Mancf
Manhattan*.
Metropolitan
A
Inly.
Nov,
i*
17.HI Mil. 4N.
23,700 I.
J.
1«8.8 .o
1,000.000
A J.
l.loo.ooo 1,783,800 J.
J
Hanover
Metropolis".
I.
200.000
826,000
Imp. A Traders
Merchants'. ..
Merchants' Ex.
J.
"
7
.0
8 058.000
023.200
ion. loo
eoo,
Gallalin....
I.*
I.
11,800
40,500
loo.OOO
German ,*•->.'
German Exch.'
8
.1
J.
J.
J.
J.
'
100.001)
Fourth
Fulton
A
'
,000
!.'
('..minerce
Contln °n*al
A
3ept, '70. 3
41,200
141,000 I.*.I. "o
6 ii-ly, ;o. 3
Nov. 70.15 1/100
3,201 700 W-ni'ly IPO
LOO
>''
150.000 J. A J.
July, '70. 3
i.4ss a o M.AN.
10
Nov., •TO. 5
I. A J.
a
July, 70. 4
I. A J.
118,
Ju.y, W. 3!4
701.000 F.AA. id
All*. '79. 5
00 000 J.l'.
6« 3> i; .july. "III. 3)4
800.000
Citizens*
Mnriav
336 no
:
City
.., ,.,.>
:
J .
M.AN.
I.
JH l.ooo.ooo 1,161300
Central
M
I.'l.lO)
890,000
Chase
Capital.
Cohpanks.
Ask.
Last Paid.
Period 1H77. 1878.
J
Par.
l"i.
America*
,000
Am. Exchange loo.l.ooo.ooo
List.
[Quotations by K. 8. IUir.iv. Broker. 7 Pine street.]
Paw*.
at latest
»«•<»»"
.509
108
107
US
US
—
:
.
THE CHRONICLE.
510
%\xvitstmmt$
AND
STATE, C1TT AND CORPORATION FINANCES.
The Investors' Supplbmbnt is published on ffhe last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
office, as only a 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.
ANNUAL REPORTS?"
(For the ha'f-year ending June 30, 1879.)
is the report of the directors for the half-year
ending June 30
The following
June, 1879.
June, 1878.
gross receipts upon the whole undertaking, including the Buffalo and Champlain
The
lines/have been
Less discount on American currency
Deduct working expenses at rate of 76-17 per
cent, against 75-73 for June halt of 1878
£883,807
£832,869
£8S1,003
634,423
667,253
2,804
£198,446
Interest
on International Bridge capital.
Less Interest, and postal and military bonds
retired during half-year
£213,750
12,980
Pond debentures
$213,750
438
540
2,700
£6,863
on loans, &c
Atlantic & St. Lawrence lease
Lcwiston & Auburn Railway rent
Deduct
interest
Detroit line lease
& Champlain bond interest
Buffalo & Lake Huron rent
First equipment bond interest
Second equipment bond interest
Five per cent perpetual debenture stock
Montreal
Showing a balance of
527—
£6,335
£52,545
1,849
11,250
8,530
1878-9
998,046
10,522,966
393,132
8,933,116
Passenger
Freight
Other sources
35,000—
Netearuing8
The
disposition of net earnings
Net earnings
Rent of Ashuelot Railroad
Charged to
profit
and
1878-9.
1877-8.
$292,792
283,056
29,588
$627,102
401,168
$605,436
385,633
$225,994
$219,803
was as follows
$225,994
$13,922
12,204
16
loss
168,000— 194,142
£210,988
The amount brought forward from the December (1878) halfyear was £ 17,390, out of which a dividend on the first prefer-
$31,s.52
New York New Haven &
Hartford.
(For the year ending September 30, 1879.)
From the Massachusetts State report we have the following
figures for the year ending September 30
GENERAL EXHIBIT FOR THE YEAR.
ASSETS.
:
Construction account. .$12,889,584
Equipment account... 2,154,454
Other permanent
vestments
Other assets
Profit
and
Total
95,152
:
Balance, surplus for the year
Capital stock
109,174
322,900
7,117,626
$300,089
313,211
13,862
Interest
In-
688,962
1,632,476
$17,890,014
LIABILITIES.
£ 12,660
1 5,000
67,492
Expenses
we
1877-8
946,900
9,754.529
Tons freight carried
Tonnage mileage
The earnings for the year were as follows
Total assets
£210,661
327
.
Connecticut River.
(For the year ending September 30, 1879.)
From the report to the Massachusetts State Commission
have the statistics of this road for the year ending Sept. 30.
The operations for the year embraced the following
Dividends, 8 per cent
£211,426
£213,210
£210,988
Leaving
Receipts of 1879 applicable to the following payments, viz.:
£2,930
Interest, &o., paid on lands
616
Interest British American Land Co. debentures..
616
Interest Montreal Seminary debentures
Interest Island
able on the debenture stock." A list is given of the preferential
securities so redeemed, purchased, or exchanged, the interest
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
the debenture stock issued up to the 30th June last.
Total
£832,969
:
[Vol. XXIX.
Passengers carried
Passenger mileage
Grand Trunk of Canada.
Add
:
..
.
loss
$15,500,000
balance 2,130,297
liabilities.
. .
Total income
$3,933,595
Total expenses (including taxes)
2,241,935
Net income
1,691,659
Interest accrued during
year
Dividends declared (10
130,000
percent)
1,550,000
Surplus for year
11,659
Surplus September 30,
1879
2,130,297
.$17,890,014
ANALYSIS OF EXPENSES.
ANALYSIS OP EARNINGS.
passengers. $1,368,240 Taxes
$221,020
Salaries, office expenses
Through passengers (to
and miscellaneous
and lrom other roads)
774,011
47,045
Insurance
Express and extra bag4,338
174,584 Telegraph expenses
gage
2.420
103,644 Repairs of road
Mails
97,136
Steelrails
Total from passenger
3,786
department
2,420,481 New ties
43,732
587,399 Repairs of buildings
Local freight
48,156
Repairs of locomotives.
80,918
Through freight (to &
884,438 Fuel, locomotive power
224,968
from other roads)
20,422
freight
sources.
Other
Total expenses (with
Total from freight dep't 1,492,261
many other minor
3,912,742
Total transport. earn'gs
20,852
items)
$2,241,935
Iuc. from other sources
From local
ence stock at the rate of 1 per cent per annum was paid on the
March last, absorbing £16,075, leaving £1,315, which, added
to the present balance of £327, makes a total of £1,642 to be
carried to the account of the current,, half-year. The gross
receipts for the half-year were less than in 1878 by £48,134, or
5'46 per cent. The working expenses, including renewals,
amounted to £634,423, or 76*17 per cent, against a total charge
Total income from
of £667,252, or 75 73 per cent, in 1878, showing a decrease of
all sources
$3,933,595
MILEAGE, TRAFFIC,
£32,829, or 4 92 per cent, against the above decrease in the
Through passeng'rs carreceipts of 5"46 per cent. The passenger receipts decreased by Season ticket passcng's 1,044,784
ried one mile
30,532,936
Local passengers (in£3,636, or l 54 per cent, and the number of passenger journeys
2,101,739 Tons local freight
454,700
cluding season)
459,400 Tons through freight
754,930
by 30.734. or 3'50 per cent, as compared with 1878. The receipts Through passengers.
1 ,209,630
3,587,899 Total tons freight
from freight traffic decreased £34,494, or 5'77 per cent, though Total passengers
Local freight mileage.. 14,578,611
Local passengers carthe tonnage was increased by 68,793 tons, or 5"95 per cent. The
72,580,507 Through freight " ..48,608,868
ried one mile
total number of passengers was 845,627, against 876,361; and
the quantity of freight was 1,224,838 tons, against 1,156,045 tons.
The average receipts per passenger was 5s. 6d., against 5s. 4^d.,
and per ton of freight 9s. 2>£d., against 10s. 4^d. The charges
Baltimore & Ohio Railroad. There have been placed on
for maintenance and renewals of road and rolling stock com- the New York Stock Exchange list the first mortgage bonds on
pare with 1878 as follows
the Parkersburg branch, extending from Parkersburg to GrafExpended on
1879.
1«78.
ton, W. Va., 104 miles. The bonds bear interest at the rate of
Way, stations and buildings
£78,597
£88,745 6 per cent per annum, are payable in 1919, and their authorEngines, workshops, &c
62,855
68,784
Cars
73,410
78,164 ized issue is $3,000,000. The mortgage under which they are
issued is the first mortgage on the road, except a mortgage
Total
£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 mortThe 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 fit Ohio Railrenewals 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 capital stock of 80,000 shares
decreased by £11,998.
of the par value of $10 each, or $8,000,000, has been placed on
The proportion of the working expenses (excluding main- the New York Stock Exchange list. The assets of the company
tenance and renewals) to the gross receipts increased from 48"98 are
Mortgages, loans, and cash on January 1, 1879, $89,085;
to 50 37, or 1-39 per cent., although there was a decrease in the Revere Beach Railroad stock, wharf in East Boston, valued at
expenditure of £11,998, owing to the diminution of the gross $17,090; land in East Boston and Revere, about 800 acres, uninreceipts; but the total working expenses, including expenditure cumbered, estimated at $2,090,880; total, $2,197,055. There are
for maintenance and renewal of road and rolling-stock, was no debts.
only increased in the proportion of 0"44 per cent. The amount
Central Pacific. —This company has made a cash payment to
charged against capital account during the half-year was the United States Treasury of $220,520, which payment, with their
£35,679, but the nominal capital has been decreased by £20,804. credits for Government transportation, is $536,291, or 25 per
During the half-year, debenture stock for £22,896 was issued to cent of the net earnings of the subsidized portions of the lines.
redeem the remaining postal and military service bondsAuditor French says no further action will be taken on the
amounting to £43,200. The whole of these bonds have now suits for forfeiture which were instituted by the Government
been exchanged or redeemed by the issue of debenture stock, against the Central Pacific Railway Company. He has made a
and, in accordance with the provisions of the Debenture Stock demand upon the company for $600,000, which he claims in
Act, 1874, " the interest or annual income which would other- settlement of an alleged requirement of the original Pacific
wise have been or become payable in respect of such preferential Railroad acts for the payment of 5 per cent of the net earnings
charge shall thenceforth be applied in aid of the interest pay- prior to June 30, 1878.
1st
-
-
-
.
. . .
GENERAL INVESTMENT NEWS.
—
:
—
:
-
—
1
November
15,
::
'
THE CHRONJCLE
lfc79.
Chicago Milwaukee & St. Paul.— The New York Stock
Exchange Las admitted to its list the first mortgage 5 per cent
bonds, to the amount of
Lacrosse & Davenport division
13,000,000, payable in 1919. These bonds are issued to the
extent of $1,750,000 for the purchase of the bonds of the
Davenport & Northwestern Railway Company, the remainder
being reserved for the purpose of building further extensions
of the line of that company. The road extends from Davenport to Fayette, a distance of 129 miles, and has a branch of 32
miles extending from Eldridge to Maquokita, Iowa. This road
and branch have passed under the control of the Chicago Milwaukee & St. Paul Company.
Denver Soul It Park & Pacific. The gross earnings of this
road for the month of October amounted to $132,185 from the
—
operation of 116 miles of road. The total earnings for the five
fiscal year, 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
116 miles of $97,440.
extract the following from a circular of the company
dated October 30th
Tlic Denver South Park & Pacific Railroad is now completed to Weston,
one 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, Dudley, Montgomery, Mosquito, Hamilton, 8t. John, Montezuma, Breckcnridge, Hal's Valley. Morrison, and all points in the South Park, Summit
County, Qunnison Valley, and Southwestern Colorado. The road is being
rapidly pushed through the South Park to LeadvMe, Fairplay, and the
Gunnison Valley;— mining camps that are attracting the attention of an
months of the
We
:
immense number of people. It is estimated that there are now upwards
of fifty thousand people in their vicinity, attracted by the rich diseov
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
100,000 shares of the par value of $100 each, or $10,000,000, has
been placed on the New York Stock Exchange list. The company owns property in Yuba and Nevada Counties, Cal., consisting of 521 acres of mining land, estimated to contain gold
to the value of $18,750,000; tunnels, flumes, machinery, etc.,
which cost $1,802,542, and other valuable property.
The
bonded debt is $200,000, and the floating debt $43,013. The
receipts from the property prior to the organization of the
company were $6,059,000, and since the organization on March
9, 1879, $907,000.
Grand Trunk (Canada).— London, Nov.
8.
—The
Economist
Company,
Nkw York, November
Notice is hereby given that on and after Deeemlver
capital stock of this company will be Increased bythe
thousand (40.000) shares (four millions of dollars). That
this Issue of stock Is the following : This company and
10. 1879. i
12, 1870. the
Issue of forty
the object of
the Lafayette
Bloomington & Muncie Railway Company have agreed upon a consolidation under the name of the "Lake Erie & Western Railway Company.
That upon such consolidation the stock of the Lafayette Bloomington
A Muncie Railway Company will be exchangeable for the stock of
this company at the rate of four (4) shares of this company for one (1)
of the Lafayette Bloomington <fc Muncie Railway Company. That upon
such exchange of stock of the Lafayette Bloomington 4c 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. Ctmiiraog, 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 distance 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 capitalists to Macon. The first bid was $60,000
the minimum pnee
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
void, necessitating the re-advertising of the lease by the Governor.
The bidders were E. A. Flevellen, Director of the M. &
—
B. Railroad ; Julius Brown, son of ex-Governor Brown, President of the Western & Atlantic Railroad ; John G. Gresham,
Direator of the Central Railroad of Georgia, and Mr. Payne,
who represented J. C. Stanton and others of Chattanooga. The
failure to lease leaves the road under the same management
for the present.
Manhattan Elevated. At the election for directors of the
Manhattan Elevated Road at the office of the company, No. 71
Broadway, the following ticket was elected William R. Garrison, 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. Barney and Arthur Leary were elected inspectors of the next
annual election.
Memphis Water Company. By virtue of a decree of the
Circuit Court of the United! States, and of the deed of mortgage made by the Memphis Water Company to secure the payment of its six hundred bonds, all the franchises, rights, privileges and property of the Memphis Water Company, including
the contract between it and the city of Memphis for the rent of
fire hydrants, and everything conveyed by the deed of mortgage, will be sold at auction in Memphis, December 15, 1879.
—
:
:
& Western— Lafayette Bloomington & Mnncle.
following circular has been issued in reference to the
proposed consolidation of these roads
Office of the Lake Erie & Western Raii.wat J
Lake Erie
—The
:
—
the amount of $1,000,000.
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 succeeding 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
F '
1, 1884.
5
3. Second mortgage bonds to the amount of $1,50C, 000. These
bonds are payable in 1919, and bear 3 per cent per annum interest 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.
4. $1,500,000 income bonds, payable 1919, with such interest
from July 1, 1879, not exceeding 6 per cent per anuum, as the
net earnings may suffice to pay after satisfying the interest and
sinking fund upon the preferred and first and second mortgage
bonds. These bonds are convertible into stock.
of the new corporation $4,000 per mile of its road-bed. The
original cost of this portion of the road was $840,000 to the old
company. There were first mortgage bonds issued to the
amount of $500,000, but they have been taken np and replaced
by first mortgage income bonds. It is estimated that it will
cost over $5,000,000 to complete the road from Haverstraw to
Albany. The officers of the company are negotiating for the
sale of mortgage bonds to that amount."
—
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 million 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
a temporary company, under control of the Grand Trunk Hailway Company, and to be knowD as the Chicago & Grand Trunk
Railway Company (limited).
Indiana Bloomington & Western. This is the reorganization of the Indianapolis Bloomington & Western, and the securities of the new company have been placed on the New York
Stock Exchange list as follows
1. Preferred first mortgage 7 per cent bonds, due in 1909, to
511
j
Michigan Central.— The following new bonds of this comhave been admitted to the New York Stock Exchange
ist
Sixper cent bonds of 1909, of which the amount authorized 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
82 4 miles, and all its property and franchises. Of the issue,
$1,000,000 bonds are held in trust by the Union Trust Company
of New York for the retirement of the outstanding bonds of
the Grand River Valley Railroad Company of the same amount,
maturing in 1885.
Nashville Chattanooga & St. Lonis— Western & AtlanticIt is reported that Colonel E. W. Cole, President of the Nashville Chattanooga & St. Louis Railroad Company, has purchased
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
cent
per
annum,
after the payment of interest and a divi- lease
Ser
was executed to a lessee association for twenty years, at a
end of 8 per 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 Bcrip is convertible into
members of the lessee company are composed chiefly of officers
common stock.
The company has in full operation a railroad from Indianap- and stockholders of competing roads.
New York Elevated Railroads.—The following report of
olis, Ind., to Pekin, 111.
202 miles— and it uses on mileage
rental the tracks of the Peoria & Springfield Railroad, from the traffic of the consolidated Elevated Railroads for the month
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
$201,069
Third Avenue Line
by the 10th of November. It will be operated by the New Sixth
I48 '22Z
AvenueLiue
Jersey Midland Railway Company. The Midland Railway will Ninth Avenue Line
24,067
f>any
:
-
—
receive two-thirds of the gross receipts of the new road for
$£73,174
Total
operating it, and pay all the running expenses. The division
The operating expenses were
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 Third Avenue Line
$Zi"i?2
61,813
road-bed had been made by the Jersey City & Albany Railroad Sixth Avenue Line
15,878
Company before its property and franchises were purchased by Ninth Avenue Line
" Jersey City & Albany Railroad Company. To meet the
$152,680
Total
cost of the work, $100,000 in first mortgage bonds have been Excess of receipts over expenditures
$220,494,
issued and most of them sold. This will make the indebtedness
The percentage of operating expenses to earnings on tha
:
.
THE CHRONJCLE.
.512
Avenue Line
ThirU \venue Line was 37 per cent, on the Sixth
Line 65 per cent. The
41 per cent, and on the Ninth Avenue
is due to the
lanre percentage on the Ninth Avenue Line
avereconstruction of the line in Greenwich street and Ninth
nue,
The Third Avenue Line carried during the month
Pacific Mail.
1,268,887
'
.
increase in earnings above those of September on tne
Third Avenue Line was $16,333, on the Sixth Avenue $23,219,
and on the Ninth Avenue $2,463, a total increase of $42,016,
while the operating expenses on all the lines show a reduction.
,
The
N. Y. Lake Erie & Western.—The completion of the Boston
Hoosac Tunnel & Western Railway will open a new connection
this that -the
early in December. The
New York Lake Erie & Western road at
new
Ifinghamton, running over the Albany & Susquehanna Kailroad to Schenectady "and the Rensselaer & Saratoga to Mechanwhere
It crosses the Hudson River at Mechanicsville,
icsville.
the line of the Boston Hoosac Tunnel & Western Railway
of
begins. This passes through the extreme southwest corner
Vermont to the State line of Massachusetts, where it connects
with the Troy & Greenfield road. From Mechanicsville to its
eastern terminus, near North Adams, the road is forty-six miles
in length. The company has a traffic contract for twenty years
The Tribune reports of
for the Erie Railroad.
road
will be opened
line leaves the
for business
with the Delaware & Hudson Canal Company, which controls
the Albany & Susquehanna and the Rensselaer & Saratoga*
Railroads, and with the New York Lake Erie & Western Eail-
:
In consideration of the difference iu value of the two ships, the Pacific
Mail received its own notes. am< anting, with accrued interest, to
$100,800, and $lti.oio in cash. The notes were a part of the company's debt to the Pannma Transit Company. ami would have
matured early next year. The Clyde was one ot the ve.-sels transferred
about two years ago to the Panama Railroad Company to secure the
payment of Pacific Mail's debt to the railroad company. The Panama
company has consented to the recent exchange. It has released its title
to the Clyde, and accepted in its place the some lii n on the Wilmington.
To make good the wcmity afforded by the more valuable ve sel. the
steamship company nas assigned to the railroad ei nipany all its property at Aspiuwall. Panama and Aeapuleo. This transfer oomprtses all
Its lighters, machinery ami shops, stores, coal. &c, on the Isthmus. The
value of the property Is e-tim..tel to lie ever $200,000. The Pacific
Mail still owes the Panama Transit Company about $150,060. On this
sum it is obliged to pay monthly $5,000, but under Its contract, it is
said, this payment will lie increased next year to $20,000 a month.
" Near the close of September the steamship company paid s>joo,O0O
of its debt to the Panama Company. Of this sum $175,001) was in satisfaction of deferred charges for transportation across the Isthmus. The
remainder, it was agreed, should be applied to its Ictober payments to
the Panama Company, iu consequence of this agreement, the company
paid nothing last month towards the extinguishment ol its debt. The
monthly payments will fall flue again on November 23. The company
Uas 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
nrincipal since September 29. The payment of this sum has been deferred, by an agreement between the company and the Comptroller and the
Tax Department, i" 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
laws making a similar reduction iu favor of overdue taxes ou real estate.
The laws were re-enacted each year during the depression iu the real
estate market. The interest which has accrued on the company's taxes
for 1874 amounts to about $90,000, and the proposed reduction would
relieve the company of the payment of about $30,000."
:
—
London
:
Oross earnings
.
Opt rating expenses.
Net earnings
1978.
$1,445,929
870,125
187°.
$1,450,222
858.085
Inc. or Dec.
Inc. $4,299
Dec. 17.140
$569,803
$591,237
Inc.$2l,439
The net earnings of the first eleven months of the fiscal year
ending September 30, compared with those of the same period
last year, show a decreare of $323,196.
New Securities at the Stock Exchange—The Governing
Committee of the Stock Exchange held a special meeting, and
added the following securities to the active lists Placed on
the regular list Philadelphia & Reading RR. Company com:
—
mon
stock, $32,726,375 28 preferred stock, $1,551,800 'bonds,
Indianapolis Blooming-ton & Western Rail$72,501,027 30.
road first mortgage preferred bonds, $1,000,000 ; first niortfage bonds, $3,500,000 second mortgage bonds, $1,500,000.
ialtimore & Ohio Railroad Company first mortgage 6 per
cent bonds, Parkersburg branch, $3,000,000. Oregon Railway
Navigation Company bonds, $6,000,000. Chicago & Northwestern Railroad Company sinking fund 6 per cent bonds of
Chicago Milwaukee & St. Paul Railroad
1S79, $2,400,000.
Company bonds of the Davenport & Northwestern Railroad
Company, $3,000,000. Michigan Central Railroad Company
six per. cent bonds of 1909, §1,000,000.
St. Paul Minneapolis &
Manitoba Railroad Company first mortgage bonds, $8,000,000,
and second mortgage bonds, $8,000,000. Excelsior Water &
Mining Company common stock, $10,000,000. Placed on the
free-list
Louisville New Albany & Chicago Railroad Company
stock, $3,000,000.
St. Paul Minneapolis & Manitoba Railroad Company stock, $15,000,000.
Wabash St. Louis & Pacific Railroad Company 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 miscellaneous
Boston Land Company stock, $800,000.
Placed
under the head of income bonds Indianapolis Bloomington &
Western Railroad Company income bonds, $1,500,000. Ther
Philadelphia & Reading Company have named the Farmers'
Loan & Trust Company as their local transfer agents.
;
;
;
&
i
1
Philadelphia Nerrtoivn & New York— Philadelphia &
Reading. The Philadelphia Ledger of 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 management of a corporation of which General H.
G. Sickel was President, and was operated by the Pennsylvania
Railroad under a contract terminable on ten days' notice by
either party. It has a capital of $1,200,000, composed of 24,000
shares, at $50 par, and a debt of $700,000—6 per cent bonds.
Under the agreement made with the Reading Railroad, 12.012
shares, or the majority of the stock, was transferred to that
company, giving it control, and it has guaranteed the bonds,
principal and interest, the surplus earnings, if any, to be
devoted to dividends on the stock. The old management
resigned yesterday, and a new board of directors was elected,
with Colonel James Boyd, of Norristown, President. The terminus of the road is now to be changed to Ninth and Green
streets, the new board having given the ten days' notice terminating the contract with the Pennsylvania Railroad. The
construction of a road about one mile in length, extending the
recently-built connection between the Reading and North
Pennsylvania railroads from Tabor on the latter line northeast,
will strike the Newtown road north of Olney. . It is in contemplation 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 & Reading.— The stock and most of the
bonds of this company have been placed on the New York
Stock Exchange list, and the following is a summary from the
statement submitted.
:
x
Tribune reports of this company that the
by officers of Pacific Mail, was twofold
"To seen re another ship for Their Purine Lines, and at the same time to
relieve the company of a portion of its debt which was about to mature.
"The Tunnel route from Schaghticoke to the Massachusetts
State line runs nearly parallel to the Troy & Boston Road, recently bought by William H. Vanderbilt and operated in the
interest of the New York Central. It crosses the Troy & Boston 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 York Lake Erie & Western
Railroad for the month of August, 1878 and 1879, as published
in
—The
steamship George W. Clyde has been transferred to William P.
Clyde in exchange for the steamship Wilmington. The Wilmington is now u the Pacific, and will be placed on the Central American Line.
The object of the exchange, it is stated
The Ninth Avenue Line carried 139,374
1 870,863 passengers.
passengers at 10 cents fare and 197,824 at 5 cents fare, a total
carried,
of 337,198 passengers. Grand total of passengers
'"
4,958,896.
[Vol. XXIX.
:
:
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 now outstanding.
2. $6,000,000 first mortgage 6 per cent bonds, payable in
1909, of which $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 freight
and passengers, by steamships, between the ports of San Francisco, California, and Portland, Oregon, by steamboats and railroads between Portland and all points on the navigable waters
of the Columbia and Snake rivers, and by railroad between
Walla Walla and Wallula, in Oregon.
—
:
1.
Common
3.
Old early mortgages and convertible loans maturing to the
stock, $32,726,375.
2. Preferred stock, $1,551,800.
amount
of $5,573,500."
Consolidated mortgage loan, 1871, due June 1, 1911, of
$25,000,000, of which $18,616,000 are now outstanding. Of this
mortgage, $5,773,000 bonds are reserved to meet the above4.
mentioned early
issues.
Improvement mortgage 1873-97 6 per cent gold, sterling
or dol'ar, bonds to the amount of $10,000,000. Of this issue,
$636,000 bonis, however, have been canceled by the operation
5.
of the sinking fund.
per cent and 7 per cent bonds. The
6. General mortgage
total issue is $60,000,000, of which $35,000,000 are reserved for
Of the $25,000,000 bonds to be
all prior issues of all kinds.
issued, $20,000,000 are 6 per cent bonds and $5,000,000 are 7
per cent bonds. Deducting the amount iu the sinking fund,
there remain outstanding $19,6S6,O0O bonds.
7. Income mortgage 7 per cent bonds, the authorized issue
of which is $10,000,000. The mortgage has for its security the
bond and mortgage 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 authorjzed amount, $2,159,000 bond's 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, $8,622,787.
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 York will b
at the Farmers' Loau & Trust Company. The securities place
November
THE CHUON1CLE.
15, 1879.]
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
new
on the
etocks.
Port Huron
& Northwestern
(N. G.)— This Michigan com-
stated to have effected a loan of $700,000 from a New
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
cent interest.
St. l'atil Minneapolis & Manitoba.— The securities of this
company have been placed on the N. Y. Stock Exchange list,
with the following statement
1. First mortgage 7 per cent gold sinking fund bonds.
2. Se -mid niirtgage G per cent gold bonds.
3. Stock to the amount of $15,000,000.
The company was organized on May 23, 1S79, and owns and is
operating, under the charter of the St. Paul & Pacific Railroad
Company, (500 miles of railway from St. Paul to Minneapolis.
where "iie branch passes northward to St. Paul. St. Cloud, and
Fergus Falls, and the other westward by way of Litchfield and
Breckenridge. The road reunites at Barnesville 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
length of road completed is 61S miles, and 42 miles are under
construction. The railway is composed of the lines recently
owned by the St. Paul & Pacific Railroad Company and the St.
pany
York
is
:
Paul & Pacific Railroad Company first division, together with
the Red River Valley and the Red" River & Manitoba railroads.
The first two roads were acquired at judicial sales, duly confirmed, and the last two by purchase.
The first mortgage bonds to the amount of $8,000,000 are
secured by a mortgage which, with the exception of two previous liens for §120,000 and $26(i,000 respectively on about
eighty miles of the road, is a first lien on the entire road equipment," &c, and on about 2,000,000 acres of land. The issue is
The bonds
limited to $12,000 for each mile of completed road.
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 redemption 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 applied to the same purpose. The second mortgage bonds to the
amount of §8,000,000 are secured by a second mortgage on the
road, &c, but not on the land. They are dated October 1, 1879,
mature October 1, 1909, and are payable, principal and interest, 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 and
to improve the completed road. The company has no floating
indebtedness. The gross earnings of the company from traffic
from June 1 to October 1, 1879, were §901,201.
St. Pan! & Sionx City.— An agreement has just been concluded by which a part of this system of roads is to be consolidated with the Omaha & North Nebraska Railroad. The new
name will be the " St. Paul Sioux City & Omaha Railroad
Company." This new line will begin at Omaha, running
through the Missouri Valley to the Missouri River toward Sioux
City, with about forty miles additional to be built west of Sioux
City, which will complete the line from St. Paul and Minneapolis to Omaha, and a connection with the Union Pacific Railroad. 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 Railroad has just been purchased also by the Sioux City Company,
which will extend their line to Ta.vlor's Falls, Minnesota, which
taps one of the largest lumber regions in the West, while the
Chicago St. Paul & Minneapolis uses this line at present in
entering St. Paul.
Union Pacific.—The land business for September, 1879, is
reported as foUows:
Aerea gold
Amount fur liiih
A vi l-i'-c price per
\\
18,628-86
$78.107 54
$4-1 9 l »
1S1
102-92
gold
acre
Niimiin'of purchasers
a vci L-c Mens to each
Wabash St. Louis & Pacini—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 ;
ii
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 Springfield, 111.; Geo.
N. Dunlap, of Chicago, and Solon Humphreys and Sidney
Dillon, of New York
for three years:
C. \V. Field, Jay Gould
and Russell Sage, of New York A. L. Hopkins, of Toledo, and
Benjamin W. Lewis, of St. Louis. The new board organized at
a meeting in New York by the choice of the following officers
Cyrus W. Field, President ; B. W. Lewis, jr., aud A. L. Hopkins, Vice-Presidents
W. B. Corneati, Treasurer James F.
How. Secretary, and John C. Gault, General Manager. President
Field. Vice-President Hopkins, Sidney Dillon, Jay Gould. Russell Sage and Solon Humphreys constitute the executive committee.
A resolution was adopted authorizing the filling up of the
;
—
;
;
:
;
;
14.
513
certificates of stock, to be ready for delivery on November
will be §20,000,000 preferred and §20,000,000 common,
There
stock of the new company. For every two shares of Wabash
one share of preferred and one of common stock of the Wabash
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 t>&ys: "Vice-President Lewis and Manager Ganit
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 tha
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
control nearly 2,000 miles of road, extending from Toledo,
Detroit and Chicago at the East to Sr. Louis, Kansas City andiina ha at the West.
The following lines form the consolidated
its
(
road
:
WABASH
LIN-&S.
Miles.
Toledo to East St. Louis.
Chicago anil Padueah. ..
Chlongo ami Strawn
...
..
439
Miles
;:.
..tut
to
Qolncy & Hannibal 2oi
08
'.I.")
04
Eel CivetST. LOUIS
.
1971 Other branches
Total miles
KASSAS CITY
1,048
KORT1IEP.X LINES.
Miles.
St.
Louis
& Kansas City
Moberly to Ottumwa
Brunswick to Pat'sburg
..
l'ats'burg to Council Bluffs
Lex. June, to St. Joseph
273
131
1
Mile*.
Other branches..
81
10
37
Totalities
848
7H
Total length of lines
1,896
102
Qulncy Mo. &Paciflc
"The extension of the Eel River Read from Butler to Detroit,
which is now contemplated, and the acquisition of the Pekin
& Southwestern Road, which will be sold within a few weeks,
will give the new company control of more than 2,000 miles of
road."
—
Wisconsin Valley. The following circular has been issued
to the stockholders of the Wisconsin Valley Railroad :
Boston-, Oct. 30, 1879.
To secure the business of the country north of our present road anil to
further develop that section, it is deemed necessary to extend the Wisconsin Valley road from Wuusau. Its present terminus, to Jenny, a distance of 17H> 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
rtrst mortgage bonds, dated January 1, 1879, and having 30 years to
run, to the extent of $10,000 per mile, or say $175,000, 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 be 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,
ami arc held in trust, to be delivered to this company when the extension is completed. These bonds will be used to provide for the above
$17,500 needed for construction, and al?o for auy additional equipment
that may be required. This subscription is now offered to the stockholders of record of November 5. and until November 12, 1879, inclusive Each holder of 120 shares of preferred and common stock, or
either, will be entitled to subscribe for a $1,000 first mortgage, 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 will be payable as called
for by the treasurer, not exceeding 25 per cent in any one mouth. In
tercel will be adjusted at the rate of 7 per cent per annum.
—
The following visitors, from the United States and Canada,
had been registered at the counting-house of Messrs. Morton,
Rose & Co., London, up to October 24:— New York E. Randolph
Robinson, J. M. Hurtado, Mrs. and Miss Mackenzie, Amos Van
Wart, Charles P. Murray, W. Merritt, S. S. Dennis, John Travis, Jr., Henry F. Osborn, Edward H. Lvnde, Mr. and Mrs. Mahlon Sands, E. T. Philpott, Miss Bliss, Charles G. Francklyn and
Wm. L. Smith, Miss Smith, M. S.
family.
Detroit, Mich.
Chicago, 111.: B.C.
Smith. Akron, Ohio E. S. B. Miller.
Miohell. Washington, D. C: Mrs. Sherman and party. Toronto: Daniel E. R. Lucas, G. D'Arcy Boulton.
Attention is called to the card of Messrs. J. H. Latham &
This firm makes a
Co., No. 52 William street, New York.
specialty of foreign exchange, U. S. bonds, and all good investment 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
Ci oke & Co. in 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,
This firm proposes to deal in
19 William street, New York.
Government bonds, stocks and investment securities, on commission, 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
—The old
make
a strong house.
and well-established house of Messrs. Talcott &
Sons, 38 Broad street, has just admitted as a partner Mr. Joseph
A. Blair, late first teller of the Mechanics' National Bank, a
change which promises additional activity to an already active
firm of bankers and brokers.
—Parties interested in the consolidation of the Wabash and the
St. Louis Kansas City & Northern railroad companies will see the
terms of exchange and delivery of new certificates of stock in
our advertising columns of this issue.
—The Homestake Mining Company has declared its eleventh
dividend (for October), payable at Wells, Fargo & Co.'s on the
25th, Transfers close on the 20th.
;
..
—
:
.
:
THE CHRONICLE.
514
%\xz (£crmmetciaX
i\Oi.
xxix
COTTON.
Ipmes.
Friday. P. M., November 14, 1879.
Crop, as indicated by our telegram*
from the South to-night, is given below. For the week ending
this evening (Nov. 14), the total receipts have reached 220,216
bales, against 225,087 bales last week, 245,613 bales the previous
week, and 214,461 bales three weeks since; making the total
The Movement of the
T)(7\i
i
\iPis
Sou l
e f i to m E
:
Friday Night, November 14, 1879.
The spirit of speculation has continued very strong in some
others it has
of the leading staples of domestic produce, but in
more or less subsided. These excessive speculative movements
decause a very feverish and unsettled tone to prevail in some
partments of business, though regular trade is very good for
mild.
the season. The weather has again become unseasonably
low
such
caused
latitudes
middle
in
The prolonged drought
water in the Ohio River that the cities on its bank were in
danger of a coal famine, and were obliged to procure tem-
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 correspondiDgweeks of four previous years are as follows
Receipts this w'k at
1879.
New
61,272
11,459
18,229
Orleans
Mobile
Charleston
Port Boyal, &c
1878.
1877.
1875.
1876.
46,833
22,908
24,177
2,236
27,130
27,188
1,655
10,339
1,066
8,146
32,130
1,798
56,307
15,374
24,323
38,871
19,723
21,768
55,252:
16,843
19,834
700
268
422
porary supplies by rail. It is generally believed that the State
Savannah
26,379
31,799
27,000
42,532
canals will remain open unusually late.
21,390
20,372
Galveston
25,767
20,792
The provisions market has been very strong, and marked ad- Indianola, &c
28!
299
321
387
6,435
12,887
6,741
12,577
vances at times have taken place, owing to increase of specula- Tennessee, <fec
193
731
286
2,584
tive confidence and good regular demand. To-day a further Florida
North Carolina
7,620
8,959
6,707
5,991
improvement in pork took place, with sales on the spot at $11
23,984
24,77017,283
Sorfolk
31,164
for mess ; old and new for January sold at $10 97%, and new City Point, &o.. ..
1,681
5,161
7,614
15,593
per
for February at $12 45@$12 50. Lard was also 5 to 10c.
205,606
186,135
176,004 194,571
220,216
Total
this
week
100 lbs. higher, at 7 35c. for prime Western on the spot, 7 27%c
Total sinceSept. 1. l,667,438|l,364,233 1,125,721 1,424,903^1,249,941
for November contracts, 7"30c. for December, 7-45@7-50c. for
January, 7'55@7-62%c. for February, and 7-65c. for March. ReThe exports for the week ending this evening reach a total of
were to Great Britain, 23,696 to
fined for the Continent quoted at 7'75c. Bacon was higher, with 196,325 bales, of which 130,878
Beef and beef France, and 41,751 to rest of the Continent, while the stocks as
sales of long and short clear to arrive at 6%c.
made up this evening are now 578,768 bales. Below are thehams were firm and unchanged. 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:
-
-
.
Tallow firmer at 7/i@7%c.
In Rio grades of coffee a weak and easier feeling has prevailed,
with a decline for the week of fully %c. per lb. under materially
increased stocks; the close, however, is firmer, and fair cargoes
are now quoted at 16@16Mc Stock here in first hands on the
12th inst. was 113,450 bags. Mild grades have remained steady,
with a very fair trade reported. Rice has sold in a fair way at
inclined to weakness.
Molasses, owing to the scarcity of supplies,
is higher, with 50-test Cuba refining quoted at 35@40c. Refined
sugars close slightly irregular at ll>{j@ll%c. for crushed. Raw
late full figures.
grades are strong and quiet, owing to the short supply
good refining Cuba quoted 8%@9J^c.
Hhds.
Receipts since Nov. 1, 1879
Baleseince Nov. 1,1879
Stock Nov. 12,1879
Stock Nov. 13, 1878
6,605
12,371
19,859
40,474
Boxes.
4,338
2,243
12,344
10,104
fair to
Bags. Melado.
12,586
271
101,318
1,016
301,020
934
193,610
1.974
tobacco, and the
The market remains quiet for Kentucky
week are only 450 hhds., of which 350
sales for the
;
for export
and 100 for home consumption. Prices are nominally unchanged; 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
625 cases 1878 crop, Pennsylvania, ll(3>25c; 74 cases
1877 crop, Pennsylvania, 12@27c; 550 cases 1878 crop, New
England, 8@30c; 950 cases 1878 crop, Ohio, private terms; 100
cases 1878 crop, Wisconsin, private terms, and 150 cases 1877
follows
:
EXPORTED TO—
Week
ending
Great
Nov. 14. Britain.
N. Orl'ns
Mobile..
Charl't'n
Savan'h.
Galv't'n-
N. York.
Norfolk-
Other*..
France.
this
Same
Week
Week.
1878.
Total
Continent.
STOCK.
1879.
1878.
978
540
8,977
12,771
2,282
1,474
....
1,850
59,342
4,000
15,324
40,516
16,975
19,364
17,052
23,752
130,878
23,696
41,751
196,325
117,766 578,768 511,462
662,659
85,430 163,561
911,650
626.095
26,161
4,000
6,347
24,351
13,715
17,350
17,052
21,902
18,784
3,394
14,397
13,634 202,185 102,478100 28,642 21,47»
23,385 61,157 96,570
29,256 93,747 91,458
14,405 80,438 96,842
6.992 39,750 53,735
12,960 41,849 16,900
17,034 31,000 32,000
Tot. this
week..
Tot.slnoe
Sept. 1.
......
* The exports this week under the head of "other ports" include, from Baltimore, 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 8an Francisco, 14 bales to Ltverp' 1.
;
;
:
;
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
are 67,306 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
add also similar figures for New York,
the ports named.
which are prepared for our special use by Messrs. Carey, Yale &
Lambert. 60 Beaver street
From the
We
On 8hipboard,
not cleared— for
Leaving
Nov. 14, ATStock.
LiverTotal.
Spanish tobacco has continued in
prance. ° tn er CoastForeign wise.
pool.
demand, and the sales for the week are 700 bales Havana at
89,745 112,4402,623
44,002 16,700 26,420
NTew Orleans
82c.@$l 05.
21,642
None.
7,000
None.
2,100
4,900
Mobile
38,257
1,500
22,900
7,900
None. 13,500
Naval stores have latterly shown much weakness and irreg- Charleston...
65,447
28,300
4,500
6,100
None. 17,700
Savannah
ularity under a loss of speculative confidence. Spirits tur- Galveston
46,144
34,294
1,075
22,144
1,906
9.169
34,350*5,400
pentine was quoted to-day at 38@38%c, and common to good New York
None.
700 None.
3,700
50,849
22,000
7,000
13,000
None.
2,000
strained rosins $1 70@$l 75. Petroleum was higher, in sym- Other ports..
pathy with the Creek, where a large speculative movement in
369,129
209,639
16,693
101,746 25,869 64,326
Total
"certificates" is in progress; refined, in bbls., quoted 8c. bid, and
• Included in this amount there are 1,000 bales at presses for foreign ports, thecases 10M@12^c.
"Certificates" have advanced to $1 10 per destination of which we cannot learn.
bbl. and closed at $1 05. In metals very little of interest has
The following is our usual table showing the movement of
occurred prices for all descriptions, rails alone excepted, are cotton at all the ports from Sept. 1 to Nov. 7, the latest maifctf ates:
easy, and apparently inclined to a lower basis. Ingot copper
EXPORTED SINCE SEPT. 1 TO—
RECEIPTS SINCE
sold in a small way at 21%c. for Lake. Wool is active and
SEPT. 1.
Stock.
buoyant. Clover seed sold to-day at 8%@10c, the latter for
Other
Great _
Total.
Britain. France. F 0re ign
1878.
1879.
choice. Whiskey held at $1 15.
Ocean freight room, both for berth and charter description,
N.Orlns 337,159 118,814 128,606 35,201 14,959 178,766 200,910
has declined, and remains easy, owing to liberal arrivals of ton4,617 28,405
43,603
4,617
108,726
Mobile
nage. A good business has been done in petroleum vessels.
85,430 64,700
4,432 24,426
56,572
Char'n* 191,061 226,221
crop, Wisconsin, 8@12c.
.
I
;
|
|
Late engagements and charters include grain to Liverpool, by
44,630
96,698 103,347
52,068
290,430 313,951
steam, 6^3. per 60 lbs, cotton 9s. 3d., bacon 30@35s., butter and Sav'h
65,236 84,063
8,128 10,239
46,869
183,327 200.468
cheese, 42s. 6d.; grain, by sail, 7d.; do to London, by sail, Galv.*
13,973 18,783 150,233 33,411
7%d.; do. to Bristol, by steam, 7%d.; do. to Hull, by steam, N.York 22,962 23,307 117,527
12,390
3,999
7Md.; do. to Cork, for orders, 6s.@6s. 4%d. per quarter; do., Florida
142
8,966 15,897
8,824
50,992
44.484
N. Car.
by steamer, to Naples, 7s. l^d.; do. to Lisbon, 16c. per bushel
2,460
58.314 41,650
55,854
do. to Almeria, 17c. Naphtha to Exmouth, 4s. 3d.; do. to Norf'k* 215,298 168,753
6,171
67,015 14,000
60,844
24,730
46,776
Exeter, 4s. 7%d.; crude petroleum to Marseilles or Cette, 4s. Other..
10d.; refined do. to Rotterdam, 4s.; do. to Antwerp or Bremen, This yr. 1447,222
531,781 61.T34 121,810 715,325 586,378
4s. l^d.; do. to Liverpool or London, 4s.; do. to Cork, for
1188,229 376,852 36.439 95,038 50-.T29 483,06a
orders, 4s. 6d.; cases to Java, 39c. Residuum to Liverpool, 4s. Last ye ar
* Under the head of Charleston Is included Port Royal, &c; under the head ol
3d.; refined petroleum to Antwerp or Bremen, 3s. 9d.; do. to
head of Aur/.jU is included City
Trie te, 5s. %d.; do. to Bremen, 3s. 9d.; grain to Bilboa, 6s. 9d. 9alveston is included Indianola. Jfcc; under the
Point, Ac.
.
1
6
.
November
THE CHRONICLE.
15, 1879.]
been this week a very buoyant market for cotton on
the spot, with more doing, the demands from home spinners having materially increased. There was an advance of Jc. on Saturday, 1-lflc. on Monday, 3-16c. on Tuesday, 1-lOc. on Wednesday, Jc. 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
To-day,
«otton and better weather for maturing the plant.
though, as stated, there was an advance of Jc, carrying middling
There
lias
—
—
uplands to 12ic, 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 transactions of Wednesday being the largest yet recorded.
There
was a material advance from day to day, except on Monday and
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 50 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
Bales.
3,500
1,100
7..00
6.000
1.900
1,700
1,400
900
1,400
1,500
4.000
2.300
3,800
2.3H0
4.900
8.100
8,400
5.300
6.800
4,200
—
—
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
the official quotations and sales for each day of the past week:
—
Nov. 8 to
Nov. 14.
10%
Strict Ord
10%
Good Ord 10%
Btr. G'd Ord 11%
Ordin'y.#n>
10%
10%
11%
11%
11%
103,e
109, 6
1016,8
11*18
11 6 16
Low Midd'K
fltr.L'wMid ll'ie 11%
Middling... 119,6 11=8
Good Mid
NEW ORLEANS.
Sat. Mon TllOH
UPLANDS.
Sat. mon Toes
Fair
Wed Th.
11
lHl6 11%
11%
11 S 16
Wed
Ordin'y.#a>
1011,6' 1013,6 io»i«
Strict Ord.
!Ul6 113,6
U7l6
Good
Btr.
G'd Ord
Low Midd'g
Btr.L'wMid
12
Middling...
Good Mid..
12%
12%
12%
13% '13%
G'd Mid 1238
Midd'gFair 12%
Btr.
7 16
12%
12%
12%
12%
800
13% 1378
STAINED.
14
Good Ordinary
Good Ordinary
$
lb.
Low Middling
Middling
11%
11%
11%
lllt,6 11*4
1116,6 12
123,6 12%
1211,8 1234
13H,« 137,8 13%
Wed
Frl.
12%
12%
12%
12%
13%
14%
1234
13
13%
1334
14
Sat.
'Strict
11
1113,8
1115,6
123,6
127jg
1215,6
12%
12%
12%
12
12%
12%
10%
10%
llhe 11%
115,6 11%
U 7 16 11%
12
12%
12%
105,6 10%
1011,6 1034
11 lie
11% 115,6
13%
14
Th.
iu»,
10%
1015,
11
10%
11%
11%
11%
116,6
119,6
H 9 1B
Sat.
Mon
35
Q't.st'dy ad.of 3,„
Quiet at 1,6 adv.
Finn at
adv...
Unset'ld at
ad.
....
1,132
30
673
Steady.
.
Tues
Wed
.
Thurs
Frl.
6 adv..
432
518
.
i,
%
182; 1,706
%
....|
Total
200
iod
....
715
247 5.176
11
11%
lm,
FUTURES.
Con- Spec- TranTotal.
port. sump. ul't'n
sit.
....!
Frl.
1113,, 1116,
Ex-
% adv.
Quiet.flrm
Frl.
300
Sales.
800
600
500
4,100
*
Total future sales, 1,466,200.
The dally deliveries given above are actually delivered the day previous to that on which they arc reported.
For forward delivery the sales have reached during the week
(all middling or on the basis of middling), and the
following is a statement of the sales and prices
1,466,200 bales
:
Bales.
For November.
cm.
30f)....
Bales.
too...
100....
400....
3,900....
300...
li-so
11-88
200....
....11-59
1,200...
1,600
200
11-60
3.5<>o....
....1161
1,800..
WOO....
.....11-83
-'.I'""....
li-8S
2,200
1,500
2.000..
2.300....
2,'.«»>.
..
1.'.""'.
.
MO..
1,300
400
1.500
500
l.<»0
8,800.
•S.«00
-4.000
900
200
.
...
11-86
11-67
1.800..
1,200
1,700.
..1 1-118
11-69
11-70
,1-72
11-73
8,400
100
H-75|
'.1-76
100
3,800
u-78
u-80
11-81
11-82
600
100
800
I
11!
...
.11-90
.11-91
11-92
.... .11-93
....11-94
..
800
500...
....11-84
...11-65
Cts.
...11-83
...11-34
...11-85
.. .11-87
...11-88
..
.....11-05
....11-96
.11-97
11-98
111.0
12-00
1201
1201
Bales.
500.
600
12-43
....12-45
800
..12-48
1,400
..
1.500...
200
S00.
7;,ioo
..
...
.
1,400
5.200
3,400
7,200
8,800
2.100
2,700
3,000
4,800
6,500
5,500
4,200
2.700
1,500
.
12 40
200
1211
...1215
For December.
Bales.
100
800
400.
12-12
12-13
.
12-21
12-23
12-24
100
12-25
1,300
12-28
400
12-27
700. ..
100
...12-29
.
12-30
1,000
12-85
100. ...
400
.... 12-87
12-39
100
91)0...
12-08
300
..
300....
1210
1.600
2,100
Cts.
12-14
,900....
..
.12-42
....12-49
....12-50
900
500
3,600
8.000
1,200
CtB.
11-54
11-58
11-57
11-58
11-50
11-60
11-61
11-82
11-63
11-64
11-65
1166
1107
11-88
11-69
11-70
11-71
11-72
11-73
11-71
11-75
U-76
1117
11-65
l'.-BO
11-67
11-68
11-69
11-70
11-71
11-72
11-73
100
800
4,000
3,400
13,400
6,000
7,000
9,200
6,600
15,900
4,200
2,900
3,700
2,900
4,700
8.300
7,300
19,500
16.500
10,400
12,300
12.700
25,600
11,700
4,100
5,'00
4.300.
7,500
1,100
2,700
7,800
6,000
1,800
2,100
4,600
6,300
1,100
12-80
400
100
800
.
18- '9
...18-80
...12-21
...12-22
,.
12-23
...12-24
...12-25
li-30
12-31
18-82
12-33
1
1,000.
700
3,000
600
1.000
1807
1308
1309
1810
1312
1813
1814
100
18- 16
1,000
2,200
800.
100
800
700
1,900
3,200
600
70S
800
400
800
800
600
12-48
12-49
2.000
2,800
1250
500
12-11
For June.
12-51
12-58
12-53
12 54
1,000
9.100
1.200
1,300
i
1855
400
For April.
12-14
100
1215
800
12-16
100.
18-07
1208
12 59
12 64
100.....
200
100
100
1265
12 67
12-68
1217
600
13-09
12-18
1,400
12 73
12-18
12-19
1,000
1819
300
1274
800
800
12-20
12-21
12 22
12-23
2,300
18 75
500
800
100
800
18-76
12-78
18-79
12-80
3,300
1890
100
400
400
400
300
12-93
12-93
12-95
12-98
1220,
12-21
1222
'
12-23
12-24
12-20|
12-26
12 271
12-28
12-29
12-30
1
1
12-32
12-33
12-34
12-85
18-38
12 37
12-38
12-39
12-40
12-46
12-47
12-48
12-49
12-50
12-51
12-52
...
1,500
2,500
2,500
1884
900
700
400
12-25
12-28
1.000
1,400
12-2-1
1287
1,900
18-29
12-30
12-32
300
700
la-33
12-85
1.00"
1,000
1,400
12-30
18-87
12-38
500
800
700
..12-39
100
1840
800
100
100
100
60O».~
1,200
12-43
....
1244
.
600
300
700
300
300
1,500
1,400
600
500
200
1,700
1249
400.
18-.'0
100
600
600
3.000:.
12-57
18-59
12-60
1271
2O0
400
800
800
12-72
1,400
12-73
600
800
700
400
222.900
For March.
100
1190
100
700
600
11-91
1,300
8,700
3,700
1,700
4,000
4,200
8,000
3,600
8,400
3,200
3,800
8,800
1,500
.1200
200
400
1201
12-02
12-03
1204
18-05
120-1
12-09
12-10
12-11
18-13
12-13
18-14
12-66
12-67
12-69
12-70
12-71
12-72
12-73
1274
12-75
12-76
18-77
1278
1879
1880
1318
18-19
13-20
13-21
18-22
13-24
13-25
13-28
13-87
800
400
:u>,:wo
For July.
500
12 58
1,500
1860
1261
1262
200
200
200
100
800
400
300
200
800
600
12-83
12 88
12-68
1870
12-71
1873
12-80
12-83
12-87
100
200
1,500
100
200
1890
1300
1301
1804
100
13-07
18-82
200
1283
1894
1885
100
1810
1320
1883
600
800
12-88
100
13-81
18-30
18f9
100
13-83
800
200
800
12-90
12-93
12-94
12-96
12-97
50,200
1
1318
1314
...13-16
190....
100.
100
400.
1207
1208
13-05
13 10
13-11
1258
200
800
2(0
8,500
12-69
12-70
300
800
700
600
200
1,700
12-51
12-52
18-53
12-54
12-55
1800
1308
1303
1304
1,000
12-45
12-48
12-47
12-48
1268
1,400
4,200
2,100
4,600
12-87
12-90
12111
12-92
12-94
12-95
12-98
18-00
18-04
12-04
12-67
200
1286
1203
1,000
1215
1218
1217
900
100
12-75
200
700
12-18
9.200.
2,000...
2,100...
800...
3.700...
3.000. .
1.300..
700
1,800
2,000
12-04
12-14
7,200
5.000
12-72
12-65
1204
1213
.
1871
1273
1274
800
300
200
800
1,200
2,000
4,700
1,600
1,100
12-11
12-13
.
600
1,600
1,000
12-70
12-72
12-74
18-78
19-78
18-78
18-79
12-80
12-82
12-88
1201
12 02
ls-08
.
12-70
1261
700
500
I
1869
•
100
2,900
1209
1210
6.400
4,700
.
1869
46,200
1207
800
1283
12-84
12-65
12-68
12-67
12-63
.18-88
12-67
12-88
100
1816
12-05
.
12-81
12-63
8,000
2'000
3.000
1,300
1,300
1,700
800.
6,200
12-61
12-62
12-63
12-86
18-^6
400
I
700
600
600
l-<-85
400
12-77
12-78
12-80
12-81
12-82
12-83
12-84
12-85
12-53
700
1206
1,500
6,800
1,700
1,400
18-80
13 83
12-S8
18 64
1,400
2,100
700
12-54
12-55
12-56
12-57
12-58
12-80
2,000
3,500
1202
2
3.200
4.500
8,900
300
100
12-01
2.300
2,300
2,800.
2,200
1200
600.
100,.
en«
1212
ld!8
...
100
11-87
11-88
11-89
11-90
11-91
11-H2
11-93
11-94
11-95
11-96
11-97
11-98
11-99
18 SA
800.
8,000
500.
800.
12-31
600
..1186
8.100
100
100
8.100
3,300
100
1,000
12 83
18-84
12 85
18118
12-37
1206
1207
1208
1209
1210 184,100
2800
3,000
8,900
3,000
1,000
1,800
11-77
11-78
11-79
11-80
11-81
11-82
11-83
11-84
11-85
400
..18-05
1,000
8,500
2,200
1,400
2,700
3.100
3,300
3,500
6.400
7,200
2,200
6,100
1,700
3,300
1,800
1,900
1,900
3,300
1,100
1,700
1,000
11-74
11-75
12-44
12-48
'2-47
12-4K
12-49
12-50
12-51
12-53
12-53
12-54
1193
8,800.
U-76
900
3.300.
1,000
*
For January.
eries.
1.332 230,100
703 269,300
1,988 222,800
715 276,900
5,723
1280
100
11-91
11-95
11-98
11-97
11-98
11-99
12-00
1,000.
1.600
12-51
12-52
12-58
12-54
12-55
12-56
400
800
12-41
11-90
11-91
11-92
8400
1242
8,-<00
600
600
7,100
8,500
7,200
8,000
8,200
6,000
6,400
1,300
2,000
200
600
100
100
18-89
19-40
600
11-84
11-85
11-88
11-87
11-88
11-89
400
400
Deliv-
432 212,500
553 254,600
1
500
1,100
1,300
1,800
12-57
12-58
12-59
12-80
1288
8,500
6,300
1,300
8,200
12-43
12-44
12-45
12-48
12-49
1.400
1255
1256
12-61
12-65
100
I
12-41
22,800
5,000
13,200
25,600
21,700
20.100
5,700
5,700
3.600
5,100
1,800
1,100
1858
1259
300
1239
1240
1,300
3.400
5,800
12.400
19,400
800
600
600
BO>
800
1850
...1851
12-.--H
For February.
100
3,300
600
1,200
12-58
12-57
600
8400
12-51
12-52
12-63
12-54
I
1231
12 38
400
1858
800.
800.
12-47
12-48
12-49
1,000
12-88
!
I
800
400
1.200
8,900
7,800
4.700
8,700
8,600
4,800
817,600
2.800
4,400
3,400
2,600
1.000
1,600
6
SALES.
SALES OP SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
1,900
2.200
8,200
1,300
1,100
I
12-32
18-33
12-34
12-35
12-36
12-37
13H, 8
12%
12%
12%
12%
13%
14%
1334
500
3.800
216,700
1216,
12%
12%
12%
13
800
600
300
127,8
1015,6
116)6
llll,6
1116,6
121,6
1234
1,600
1227
100
1013,6
113,6
119,6
1113,6
1116,6
Wed
in—
,n<>n
MARKET AND
11%
Til.
12114
1205
1206
1207
1208
1209
12-28
12-29
12-30
500
900
HIS,"
1203
12-15
12-48
12-49
12-50
6,500.
4,500
1,700
4,500
8,100
3.900
12-2D
700
600
12-27
12-28
12-29
1.400
12-20
12-22
12-28
12-24
12-25
1,500
500.
1826
1,000
1280
2400... „.. 12-81
1218
1,400
3,700
3,100
4,400
2.000
800
800
800
1245
1212
1213
1214
100
800
900
1-2.1
13-84
12-85
12-48
4.800
2,500
7,500
1,000
2.200
2,900
600....
12-21
1217
12-41
18-44
...12 43
12-44
1,100
18-88
4,800.
1.700.
1242
Cts.
12-42
8400
900
800
8400
18-88
12-39
18-40
12-41
Bales.
8,100
1,000
8,000
11-90
12-11
.
Cts.
12-18
12-19
12-20
1189
12-10
500.
1,000
5.500
2,700
4,000
1,400
1,400
7,400
2,600
1,300
10,000
18,300
6,100
6,200
4,500
4,800
1201
1202
500
100
18-87
B ties.
14,100.
H95
l,->00.
12 35
18-38
1182
11-96
11-97
11-98
11-99
12-00
2,600
Cts.
12-31
lt-83
118-1
11-85
ll-HH
11-87
11-88
11-94
1,400
105,6
10li,«
1013,6 1015,6 10»J6
113 l6 115,, 101»16
119,8 1111
116, b
1113,, 1115
119,8
lllt, 6
1115,, 121,,
11%
.vimi. T11 CM
10%
10%
11%
11%
I'll,
1016,8
116,6
1111,6 111*18 119,6
1113,6 1115,6 lllt, 6
Ord..
Fair
H
11%
Frl.
j
Sat.
106,8 10%
1011,8 10T8
1111,8 118,8 11%
1113,, 1111,8 1134
121,8 1115,8 12
125, 6 123,8 12%
1213,, 1211,6 123l
13»,8 137,8 13%
11%
12%
12%
13%
llii 19
Btr. G'd Mid 121,6
Midd'g Fair 12»i 8
..
10%
10%
TEXAS.
8,H)0
10,900
11,100
12,800
11-92
11-93
500
800
800
;
Bales.
Cts.
11-78
11-79
11-80
11-81
1191
1.500
2,600
3.200
2,000
515
For May.
1835
1838
2,100
200
1215, 1,300
1218 1,900
121<| 3,000
10,400
For August.
18-88
200
200
1875
100.
18-84
100
100
18-88
1885
~700
12-39
18-10
.1841
The following exchanges have been made during the week
:
200 Not. for 800 Nov. s. n., even.
•01 pd. to exch. 300 Dec. for Nov.
The following
will
show the range of
and the closing bid and asked,
the past week.
prices paid for futures,
at 3 o'clock P.
M., on each day in
—
..
..
THE CHRONICLE.
516
Futures
Saturday.
.Tlomliiy.
Tuesday.
Market.
Higher.
Variable.
Buoyant.
For Day.
For Day.
Closing,
m«h. Low. Shi. Ask
Nov'ber 11-69-11-55 11-89
Low.
— 118011-60
"
Hiffl).
—
—
11-97
12-16
12-29
.
I
12-15
June. .. 12-55i-12-48 12-56
July... 12-681-12-60 12-6A
-_:>.August. 12
11-70
Tr. old.
Closing
120O11
3 11 98
08
1209-11
12-23-1222
39
12-39-12
53
19 12-57-1 2
68
35 12-69-12
81
46 12-74-1290
56 12-72-12
60
69
80
02
11 60
Easy.
8t rong.
Futures
Wednesday.
Thursday.
Friday.
Market.
Variable.
Buoyant.
Higher.
For Day.
Low.
Eto\.
j
i
Sid.
,-lsi
—
Nov'ber 1214-11-88 11-93
" sn.
Dec'oer 1210 11-86 11-91
.
Feb 'ry
March..
Aiiril...
May
June
. .
July...
August.
For Day.
Closing.
Closing
For Day.
-
—
—
—
12-30
12-38
12-54
12-07
12-77
12-90
13-01
1310
— 12-52-12-25
39 1200-12-32
— 12-73-12-48
The
55
Total, old ports.
58,013
39,794
83,902
43,903
70
83
94
Dallas, Texat,*...
Jefferson, Tex/..
2,300
2.210
2,400
2,551
700
700
200
895
317
Streveport, La ..
Vlcksburg, Miss.
4,022
7,800
1,964
1,434
2,425
7,176
4,500
4,423
7,852
1,520
5,920
3,718
2,534
2,561
3,000
1.203
2,500
1,191
342
1,071
1,355
2,sii8
851
53,197
7,962
1,147
1,436
3.350
2,254
1,400
12,231
9,590
1,012
1,178
3,650
3,203
1.251
13,883
9.279
36,059
2,516
93,224
41,609
39,882
70.166
130,522 104.153 187,126
90,512
65,427 174.583
—
Columbus, Miss..
Ga
Atlanta, Ga
Griffin,
Rome, Ga."
Charlotte, N. C...
12-30 37
12-41
1253
—
69
83
*
15
24
12-35
Barely steady.
The
as follows.
Continental stocks are the figure*
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Nov. 14), we add the item of
exports from the United States, including in it the exports oi
Friday only:
Btockat Liverpool
Stock at London
Total Great Britain stock
StockatHavre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti'ntal ports.
Total continental ports
1879.
1878.
1877.
1876.
283.000
52,831
232,000
33,250
371,000
21,500
429.000
29,500
4,000
1,800
20,403
17,300
3,230
315.250
103,750
1,750
7,000
3,500
22,000
31,750
6,750
6,000
2,750
7,750
340,831
86,320
809
392,500
145,250
5,000
39,000
9,500
41,750
29,500
9.000
5,000
9,250
Total, new p'rts
Total, all
*
140,362
192,000
296,250
353,750
Total European stocks.. .. 481,193
India cotton afloat for Europe.
74.575
Amer'n cotton afloat for Eur'pe 503,434
Egypt,Brazil,&c.,afltforE'r'pe
39.650
Stock in United States ports .. 578,768
Stock in U. S. interior ports..
88,902
United Stftes exports to-day..
34,000
507,250
100.000
379,000
19,000
688.750
40.000
268,000
50,000
572,659
74,679
15,000
812,250
174,000
329,000
81,000
800,630
93,711
10,000
Total visible supply
Of the above, the
104,417
40,000
,..1,800.728 1,601.129 1,709,088 2.303,591
American and other descriptions are as
totals of
follows :
878
25,545 104,417
2,050
2,436
2,054
6,708
3,533
4,021
2,084
2,040
5.799
2,34
1
572
totals show that the old interior stocks have
increased during the week 45,370 bales, and are to-night 15,515
bales lest than at the same period last year.
The receipts at tho
same towns have been 9,110 bales wore than the same week last
year.
—
Receipts from the 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 sometimes misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following:
RECEIPTS FROM PLANTATIONS.
Week
Receipts at the Ports, Stock at Inter'r Ports Rec'pts from Plant'ns
endingJuly
1877.
1878.
1879,
5,949
3,63"
077
19,675
22.388
11..
-101
5,287
1107
18.033
15,494
20,691
070
1879,
803
3,645
1,335
or-.:
3,782
4,086
3,272
861
12,527
15,588
14,410
3.671
2,503
170
11,005
13,966
3,069
3,945
574
8,316
410
4,657
3,462
lis
6,238
13,049
11,477
1,804
15..
»..
(ill
5,699
4,843
900
5,999
7,463
1,126
2,5*9
5,460
29..
835
15,784
26.750
4,875
are
440
070
6,593
7,301
3,013
16,378
9,970
9,598
6,056
18,971
14,563
11.932
30,130
56,423
104
26,37:
BIO
37,872
23,896
40.774
21,177
set
5..
409 47,431
19
.345
,
26.
,188
13,920
30,054
74,355
76,933
98,863 127,729
20 47,208
"
10.,
,801 148,158 169,408
Sill
59,823
2,658
681
1,843
1,119
2,149
81.761
48.534 110,358
52,20'
79,250 140,320
68,913 121,435 160,77;
81.227 151,908 180.00'
95,993 179,238 180,526
160.233 181,714
745
79.59'
81.,
008 162,236 214,461
074
97,88'
31..
336 157,280 245,613
814 115.034 115,735 202,776 174,42
ic,
17..
t
182,874 225,08'
7..
.5711176.004 220.216,
14.,
,20
1879.
4,384
986
691
102
733
1..
,040 130,990 162.303
"
1878.
95..
3..
"
"
2,368
1,324
13..
Oct.
•'
1877.
3,032
2,809
18..
"
'
1878.
109
8..
ept
1ST
4..
8,154
2.059
3,028
1,890
889
4,713
16,217
35,019
86,266
141.607
173,738
186,114
191,028
229.227
265,355
119,498 133,905 219,582 217,3* 243,257
,408 174.5S3I 187.126l20fl.854 1201.089: 273,437
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 1,533,101 bales; in
1S77 were 1,242,243 bales.
the receipts at the out ports the past week
2. That
were 220,210 bales and. the actual movement from plantations
273,437 bales; the balance being added to stocks at the inLast year the receipts from the plantations for the
terior ports.
same week were 201,089 bales, and for 1877 they were 200,354 bales.
—
A mcrican —
Liverpool stock
Continental stocks
American afloat
for Europe
United States -stock
United States interior stockB..
United States exports to-day..
Total American
East Indian, Brazil, dc.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c,
61,664
2,879
12.205
3,500
4,154
3,390
5,841
Estimated.
Nov.
51.1,462
72,509
,875
1
14,540
7,321
7,254
10,741
8,541
50.231
5,780
5,901
3,128
2.193
The above
A-g.
458,500
156,750
3,500
53,000
8,000
43.000
53,750
12,000
10,250
13,500
22,771
15,542
5,027
4,500
1,276
19,632
14,436
1
Closing
Visible Supply of Cotton, as made up by cable and
is
Receipts Shipm'ts Stock.
99
09
23
* 13-01.
telegraph,
8tock.
15, '78.
6,768
3,527
2,023
5,004
4,351
2 1. 564
2,066
68 12-85-12-64 1203
78 12-97-12-76 12-81
91 1314-12-94 12-98
03 13-26-12-98 1312
13 13-32-1304 13-21
12-30
Steady
11-95
Steady.
Receipts Shipm'ts
Augusta, Ga
Columbus, Ga
Week ending Nov.
Macon, Ga
Montgomery, Ala
Selma, Ala
Memphis, Tenn..
Nashville, Teun..
HifjTi.
Low. Bid. Ask High. Low. Bid. Ask
12-27-11-80 12-28 30 12-52-12-25 12-33 34
12-35-11-81
12-25- 11-95 1203
12-13-11-88
12-40 12-10 12-18
12-58-12-05
12-55- 12-25 12-32 33 12 70-12-20
1275 12-40 12-16 4S 12-85-12-37
12-83- 12-55 12-60 61 12-91-12-50
12-93- 12-68 12-74 70 1305-12-6
13-01- 12-80 12-83 35 13-10-12-70
-12-84
12-88
Tr. ord.
Closed.
1
14, '79.
4.355
7,469
3,576
5,865
9,502
48,785
9,350
2-00
Strong.
w eek ending Nov.
XXIX.
8,455
3.048
2,555
0,101
5,472
10,623
3,540
.- 1
Closed.
[Vol.
7.679
3,023
3,004
5,595
5.926
27,751
5,035
Sid. Ask
BUI. Ask fliait. Low.
11-59 00 11-97-1175 11-98 99
11-83-11-59 11-59
,11-90-lllW 11-08
11210-11S5 11-35
17 12 25-12 00(1201
80 12-35-12-18 18-17
47 12-52-12-38 12-32
59 12-59-12-491 12-44
67 12-60-12-58 12-54
.
Feb'ry.. 111)4.-11-84
Karoo 12-1 t-ia-oo
April... 12-29 -12-21
May.... 12-41L-12-35
For Day.
Closing
n.n.
09-11 54!U(!3
Doc'ber
-1105 11-77
Jan'ry 11
Jan'ry
—
.
.
afloat
Total East India, &e
Total American
—
161.000
221,000
329,000
800,630
93,711
10,000
Weather Reports by Telegraph. Our reports to night
indicate that in general the weather has continued very favorable the past week for deve'oping and gathering the crop,
though there has been considerable rain on one or two days at
some points.
have had mists on two days the past
Galveston, Texas.
week, but no rain yet. All vegetation is suffering dreadfully,
and would long since have perished but for the heavy dews.
1,422,104 1,320,379 1,293,338 1,615,311
The thermometer has averaged 74, the extreme range having
been 69 to 80. The rainfall for the week is eight hundredths of
171,000
46,000
503,434
578,768
88,902
34,000
117,000
52,831
94,362
74,575
39,656
142,000
144,000
379,000
511,462
101,417
40,000
140,000
33.250
48,000
100,000
19,000
164,000
204,000
268,000
572,659
74,679
15,000
207,000
21,500
92,250
40,000
268.000
29I5OO
132,750
5(5,000
81,000
17L000
378,424
340,250
410,750
688.250
1,422,104 1,320,879 1,298,338 1,615,341
Total visible supply
1,800,528 1,631,129 1.709,083 2,303.591
Price Mid. Upl., Liverpool....
Cgd.
5%t\.
63sl.
O^d.
The above figures indicate an increase in the cotton in sight tonight of 139,399 bales as compared with the same date of 1878,
an increase of 91,449 bales as compared with the corresponding
date of 1877, and a decrease of 503,003 bales as compared with
1876.
— We
an inch.
Indianola, Texas.— There have been fogs, rather than rain, on
three days of the week, the rainfall reaching five hundredths of
an inch. 'Ihe thermometer has ranged from 67 to 83, averaging
75.
—
Corsievna. Texas. We have had drizzles on two days the past
week, with a rainfall of nine hundredths of an inch. Everything
Average thermometer 74, highest
is parching with drought.
87, and lowest 57.
There has been no rainfall during the week,
Dallas, Texas.
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 dry. The autumn
drought has been the worst ever known. The thermometer has
ranged from 67 to 80, averaging 71. The rainfall for the week is
At the Interior Ports the movement— that is the receipts fifty hundredths of an inch.
mud shipments for the week, and stocks to-night, and for the
New Orleans, Louisiana. — It has rained during the past week
corresponding week of 1878— is set out in detail in the following on one day, the rainfall reaching thirty-eight hundredths of an
Btatement:
inch.
'J
he thermometer has averaged
73.
4
.
.
NOVEMBEB
THE CHRONICLE.
15, 187?.)
—
Telegram not received.
Shreveport, Louisiana.
Vicksburg, Mississippi.— Vfe have had sultry weather the
past week, with rain on two days.
Columbus, Mississippi. It hasjrained 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.— Vriday, Saturday, Monday and Tuesday last were cloudy, but Sunday, Wednesday and Thursday
were fair to clear. There were light rains on three days, the
Average
rainfa'l reaching ninety-two hundredths of an Inch.
thermometer 63, highest 80. and lowest 60.
have had rain on three days the
Nashville, Tennessee.
past week, the rainfall reaching two inches and forty-three hundredths. The thermometer has avSraged 68, the highest being
Planters are sending their cotton to mar
78, and the lowest 41.
—
— We
ket freely.
—
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.
1879.
—
—
1878.
l'ot.Oct31 1,222,135
u
2...
S.
"
"
»....
"
"
».-..
"
7....
1877.
978,112
27,243
21,818
30,701
Nov.l....
1876.
078,939
31,773
29,163
33,775
"
8....
"
9....
8.
46,584
32,349
32,278
30,503
43,440
8.
44,314
31,771
35,213
22,037
34.522
22,876
32,833
33,448
24,002
22,793
S.
44,599
37,032
33,431
27,963
40,324
27,149
53.835
26,943
28,403
56,348
29,215
6....
" 11....
"
12....
" 13....
" 14....
770,393
8.
•171.311
18,611
30,115
33.481
35,041
32,537
26,392
30,964
27,896
23,380
34.808
43,978
27,281
4....
8.
1874.
1875.
912,128
23,110
46,140
88,310
30,902
29,682
49,349
28,562
" 10....
Memphis, Tennessee. Telegram not received.
Mobile, Alabama.
It has been showery three days, ths rainfall reaching forty hundredths of an inch, and the rest of the
week has been cloudy and warm. The thermometer has averaged 70, with an extreme range of 58 to 80. The cause of the
sma'l receipts this week is the low water in the rivers.
517
8.
26,023
28.003
22.715
20,478
20,804
28.531
22,674,
29,523
13.624
8.
8.
38,913
22,825
21'. -71
25,937
20,851
33,221
8.
8.
28,641
28,714
20,604
28,411
27.018
17,053
8.
1,667.438 1,328,586 1,073,648 1,332,403 1,097,097
Percentage of total
29-87
24-70
p'rt reo'pts Nov. 1
33 00
2618
Total
976,323
Montgomery, Alabama. The weather has been warm and dry
27-92
during the week, no rain having fallen. The thermometer has
averaged 71, ranging from 55 to 82.
This statement shows that the receipts since Sept. 1 up to
Stlma, Alabama. There has been a light rain on one day, but to-night are now 333,852 bales more than they were to the same
the rest of the week has been pleasant. About one-half tue day of the month in 1873, and 593,793 bales more than they
crop of this section has now been marketed.
were to the same day of the month iu 1877. We add to the last
Madison, Florida. Rain has fallen on three days the post week. table the percentages of total pert receipts which had been
The thermometer has ranged from 32 to 88, averaging 60. About received to Nov. 14 in each of the years named.
one-half of the crop here has been picked, and cotton is being
India Cotton Movement from ali. Ports.— The figures
forwarded to market freely.
which are now collected for us, and forwarde 1 by cable each
Macon, Georgia. Telegram not received.
Friday, of the shipments from Calcutta, Midra«, Tuticorin. CarColumbus, Georgia. There has been no rainfall at this point war, 4c, enable us, in connection with our previously-received
during the week. The thermometer has averaged 73.
report from Bombay, to furnish our readers with a full and
Savannah, Georgia. It has rained during the past week on complete India movement for each week. We first give
the
four days, the rainfall aggregating twenty hundredths of an Bombay statement for the week and
year, bringing the figures
inch, but the balance of the week has been pleasant, though
down to November 13.
warm. Average thermometer 68, highest 81, and lowest £6.
BOMBAY RECEIPTS AM) SHIPMENTS FOR FOUR YEARS.
Much damage has been done by rains and caterpillars in Southern and Southwestern Georgia, but the other portions of the
Shipments this week
Shipments since Jan. 1.
Receipts.
—
—
—
—
—
1
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 cotton for better prices. The thermometer has averaged 67 during
the week, the highest point touched having been 8 1, and the
—
lowest 57.
—
Charleston, South Carolina.
There has been no rainfall during
the past week. The thermometer has averaged 68, ranging from
49
to 78.
The following statement we have
also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
Nov. 13, 1879, and Nov. 14, 1878.
Nov. 13,
New
'79.
Nov. 14,
Feet. Inch.
nent.
Brit'n.
1879
1878 2,000
1877
1876
1.
Great
Continent.
Total. Britain.
3,00i>
000
7,000
3.000
3,000
3,000
7,000
3.000
This
Total.
Since
Jan. 1.
Week.
612.000' 6,000
833.000
71 0,000 4.000
882,000
-< 12,000' 7,000 1,048.000
952,000 13,O0o L ,055,000
252.000 3-J0.000
321,000 395,000
!
:
379,0001 123,000
B0l,000| 391,000
According to the foregoing, Bombay appears to show an increase
compared with last year in the week's receipts of 2,000 bales and a
decrease in the shipments of
bales, and the shipments tince
January 1 show a decrease of 104,000 bales. The movement at
Calcutta, Madras, Tuticorin, Carwar, &c, for the same week and
years has been as follows.
CALCUTTA, MADRAS, TUTICORIX, CARWAR. RANGOON AND KCIiRACIIKE.
'78.
Shipments since January
Shipments this week.
Feet. Inch.
Below high-water mark
13.
10
13
10
Memphis
Above low-water mark.
1
11
5
5
Nashville
Above low- water mark..
1
8
1
7
Shreveport
Above low-water mark..
Missing.
1
1
Vicksburg
Above low-water mark.
4
1
Missing.
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-watei
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-watei mark at that point.
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
ea?h port each day of the week ending to-night.
PORT RECEIPTS FROM SATURDAY, NOV. 8, '79. TO FRIDAY NOV. 14, '79.
Orleans
Year Great Conti-
Year.
.
Great
Couti-
Britain.
1878
1877
1876
The above
the ports
Great
Total.
2,000
3,000
1,000
1,000
3.00.1
1,000
9.000
10.000
4,000
Britain.
Continent.
246.000
1 40,000
79,000
139.000
130,000
70,000
31,000
99.000
1.
Total.
376,000
210,000
130,000
233.000
week show that the movement from
other than Bombay is 1,000 biles less than same week
totals for this
last year.
For the whole of India, therefore, the total
shipments this week and since January 1, 1879, and for the
corresponding weeks and psriods of the two previous years, are
of
as follows.
EXPORTS TO EUROPE FROM
Shipments
Europe
to all
This
week.
from—
AT.L INDIA.
1878.
1879.
Since
Jan. 1.
This
week.
1877.
Since
Jan. 1.
This
week.
Since
Jan. 1.
•
Bombay
D'ys
New
of
Or-
we'k leans.
Mobile.
Char- Savan- Galleston. nah. vest'n.
Sat.. 10,031
1,258, 3,078
Mon
3,766
13,810
2,732
Tues 11.332 2.030 2,342
Wed
7,392
Thur 14,021
tfri..
3,315
l,421i 2,971
4,613) l,93l] 3,741
1,033
6,381
9,143
6,233
7,011
6,402
7,357
2,056
6,560
1,720
3,917
3,539
2,700
Norfolk.
3,955
6,356
5,792
6,116
4,828
4,117
Tot.. 61,272 11,459 18,229 12,532J20.792'31,104
The movement each month
Bept'mb'r
October.
1
All
mln 8- others,
ton.
1879.
1878.
1877.
637
827
1,297
785
824
840
1,146
3,310
2,078
2,689
2,191
18,141
Total
23,562
46,534
32,849
32,273
36,503
43,440
5,210 29,558 2204216
has been as follows:
1876.
Total
This
612,000
376,000
3,000
4,000
716,000
210,000
7,000
802,000
130,000
6,000
983,000
7,000
926,000
7,000
832,000
statement affords a very interesting comparison of the
total movement for the week ending Nov. 13, and for the three
years up to that date, at all India ports.
last
—
Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we shall hereafter receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The
following are the receipts and shipments the past week, and for
the corresponding weeks of the previous two years.
Alexandria, Egypt,
1.
1875.
Nov. 13.
1874.
333,643
888,492
288,848
639,264
95,272
583,637
236,868
675,260
169,077
610,316
134,376
536.96S
Total year 1,222,135
Pero'tage )f tot. port
978,112
678,959
912,128
779,393
671,344
receipt! Oct. 31...
3,000
3,000
i
Year Beginning September
Monthly
Receipts.
Bince Sept.
All other portj.
Wil "
1879.
Receipts (cantars*)—
This week
Since Sept-
180,000
1,120,000
1
This
Sinec
week. Sept. 1.
1878.
1877.
100.0CO
100,000
480.000
1.019.0(0
This
Since
week. Sept. 1.
This
Since
week. 3ept. 1.
Exports ft>ales)—
21-99
15-62
22-59
18-59
19-20
This statement shows that up to Oct. 31 the receipts at the
ports this year were 244,023 bales more than in 1878 and 543,170
biles more than at the same time in 1877. By adding to the
To Liverpool
To Continent
I
]
9,000
5,033
Total Europe
„. J 14.033
a
lbs.
cantor
is
98
68,606
23,438
7,000
2,000
92.004', 9.000
35,500 12,000
10,500' 11,000
1
76.000
30,800
10.000 23.000 10O.8OO
,
:
..
THE CHRONICLE.
518
week have
This statement shows that the receipts the past
and the shipments to all Europel4,033 bales.
Manchester Market.— Our market report received from
busiManchester to-day (Nov. 14) states that there is a moderate
leave previness at an advance on last week's quotations. We
ous weeks' prices for comparison.
'been 180,000 cantars,
__
1878.
1879.
Cott'n
32b Cop.
s
d.
d.
1
lbs.
1
Mid.
Shirtings.
Twist.
s.
d.
s.
d.
Cott'n
32s Cop.
Uplds
d
8
d.
1
lbs.
Mid.
Shirtings.
Twist.
d.
1
8.
d.
8.
Uplds
d.
d.
0i«
6i3in siasg^ 5 9 ®7 9
®7 6
6 7 i6
6«8
S^aS's 5 9 ®7 9
®7 6
838®9
5 9 @7 7*2 6 7 18
6»8
®7 6
®7 6 6=8 8%3>9 5 9 ®7 1H 6 '16
5 7%®7 7^ 6»ie
6 413 ®7 7>a 6"ie 8>4®9
6 3 18
6ii, „ 8l8®8 78 5 6 @7 6
" 17|91i6- n i6 6 4» 1B »7 9
" 24 9^ ®9% 6 4*fl ®7 7H 6 78
8 ®8»8 5 4i«®7 413 6
4i2®7
4ia
3 n ie
V^ln-ilj 5
31' 9 © ®9'4 6 413 ®7 7*2 738
7 78®8 58 5 6 ®7 4ifl 514
Nov. 7 9Js ©9% 6 4>s ®7 7»s 6%
7
7
7 8®8Sil5 6 ©7 4"u 5°8
" 14 9>4 ©9V6 6
6 s
®7 9
Cotton Crop According to the Cotton Exchanges.—Our Cotton Exchanges have this week issued their November reports. We
give them in full, and also give a digest of them. What kind of
ag^ 6
Sept. 12 8 7a
'•
19 8 78 ®9 1s
" 26 8 7n ®9i«
3 8l6 16 -97,„
Oct.
" 10 9
®9=8
3
6 3
6 3
6 3
1
as usual a question not perfectly easy
to determine, for the reports, while stating the increase or
decrease by counties, fail in many cases to furnish an average
a crop do they indicate,
is
for the State or department.
average each State, as near as
We have, however,
attempted to
we could do so, from the
percent-
that way have reached the following result.
Of course our readers are 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
ages given,
and
Yield by
States.
.
.
Mississippi
Louisiana
Texas
Arkansas
.
.
.
Tennessee
Estimated
Yield,
1879-80.
189.200
333,000
612,000
55,000
543,750
695,520
701,675
672,600
614,800
435,850
220.C03 14 per ct. less.
370,000 10 per ct. less.
680,000 10 per ct. less.
Same.
55,000
625,000 13 per ct. less.
644,( 00
8 per ct. moro.
635,000 10 >i) per ct. more.
885,000 24 per ct. less.
6 per ct. more.
580.000
379,000 15 per ct. more.
.
Alabama
reports.
Yield Compared
with Last Year.
States,
1878-79.
N. Carolina.
*
8. Carolina
Georgia
Florida* ..
.
.
4,853,395
5,073,000
Total
Less
than
More
than
1878-79. 1878-79.
30,800
37,000
68,000
8i',250
51,520
66,675
212,400
34,800
56,850
429,450
209,845
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.
—
Annual Circular. We omitted last week to
our cotton report to the annual circular of
Messrs. Ellison & Co., which we published in full in our editAs some of our cotton readers may have failed
orial columns.
&
Co.'s
eall attention in
to see
it,
we would
refer
them now
to last Saturday's paper,
pages 474-481.
—
Cotton Exchange Reports for November 1. We publish
full, the Cotton Exchange reports for Nov. 1
below, in
Questions.
What has been the character of the weather since Oct. 1 ?
Has the weather been more favorable or less favorable than same
time last year for gathering the crop ?
3. Have yon had frost in your section 1 If so, on what date did it first
1.
2.
appear, and what damage, if any. has been done by it to the crop \
4. What proportion of the crop has been picked, and when will picking
probably be finished in your section 1
w your section compare with last year ? State
5. How will the yield
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.
i
Galveston Department
•
covers the State of Texas, and was prepared and issued by the Galveston
Cotton Exchange, through their committee on Information and Statistics
composed of J. I). Skinner, Chairman, Isaac M. Klrwan, Chas. Kelluer J
'
_M. Northman and J. J. Lewis.
—
V
Orleans Department
—
Louisiana. 65 replies from 29 parishes; average date Oct. 31..
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, compared with last year, decidedly better for gathering it. Alight 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 average decrease of 16 per ceut, and 26 report the yield as about the same as
;
lost year.
Arkansas.— 43 answers from 23 counties;
average
date
Oct. 31.
The weather during the mouth has been dry, and for gathering the
crop the most favorable ever known. A light frost was reported about
the 24th, but this occasioned no damage. The average of the crop
picked is about 65 r> er ceut, 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.
Mobile Department
covers the State 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,
Preutiss, Alcorn and Tisliamiugo. 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, 8Haas, G. Thos. Cos and G. L. Hopkins.
Alabama.
—65 replies from 37 counties.
The weather during October is generally reported as having been wet
and unfavorable, and 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. Lu 2*
* We have estimated South Carolina 10 per cent less.
Last month the
Report said 22 per ceut less. Florida we have left same as last year,
and there i& no report this month.
If our readers will compare these figures with our digest of
last month's reports, they will find that this estimate is about
Ellison
New
covers that part of the State of Mississippi not apportioned to the Memphis and Mobile Cotton Exchanges ; the entire State of Louisiana, and
the Slate of Arkansas south of the Arkansas River. The report is prepared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Win. A. Gwyn,
Chairman, Chris. Chaffe, Jr., W. H. Hawcott, W. A. Peale, Chas. Holland
and A. L. Browne.
in
meaning of the Cotton Exchange
[Vol. XXIX.
Texas. 139 answers from 90 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 question, 42 report no frost, 97 report frost; it appeared between the 16th
and 27th of October. A number of replies state the frost was sovere
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 re'uort
throe-fourths picked, 12 report two-thirds pioked, and 5 report one-half
picked. They reply that picking will be finished between the 15th of
November and 15th of December. 5.— As to the yield compared
with
hist year, 20 report it the same, 15 an increase from one-fourth to
three
^aurths, 6 report three-fourths less, 38- report one-half less, 30 rcuort
one-third less, and 30 report one-fourth less. The weather has been
dry and very favorable for saving tho crop.
of the ino>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 I. In the 20 counties noted above the yield isestimated about 12 per cent less than last year and in the other 17
counties 15 per cent less.
—
Mississippi. 32 replies from 18 counties.
The weather during October is reported as having been favorable in
14 and wet and rainy in 4 counties, and as compared with last year about
the same to more favorable in 12 and less favorable in the other 6counties.
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 66
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 ceut less.
Savannah Department.
This report covers 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.
ston, Clavius Phillips, J. J. Wilder, L. G. Young and F. R. Sweat.
John-
—
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 25lh, but the damage was very sight.
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 this
State can be made at this time. Much depends upon the woatherduriug
siuce the 25th of October it has been
the next ten days or two weeks
clear, and favorable for opening the matured bolls. In Southern and
Southwestern Georgia tho prospect is 25 per cent below the yield of last
year, while in Upper Georgia ttie farmers are very hopeful that the outturn will equal or exceed last year. The temperature during the mouth
of October was wai m and sultry, and the continued rains, while they
injured the quality of the cotton, delayed pie'ring and retarded the opening of the bolls, yet had the effect of pushing rapidly to maturity
the young green bolls of the top crop;— so much so, tuat m various scctions many reports insist that, With a favorable season and delayed
frost, the yield from this late cotton will not ouly equal but may exceed
the amount gathered from the balance of the plant. A top crop, however, is not general throughout the State. 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 counties.
Not a sufficient number of replies were received from the upland district upou which to base a report. Iu the sea islaud section tin- weather
has been too wet and less favorable than last year for gathering the
crop. No frost has occurred, and the weather since, the 25th 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 fall below
that of last year.
;
—
Norfolk Department.
The Norfolk Cotton Exchange, through their Committee on Information
and Statistics, composed of George L. Arp, Chairman, 1:. P. Barry, ami
John N. Vaughan, issues the following report, covering the Slate of
Virginia and tho following Counties in North Carolina: Rutherford,
Lincoln, Catawba, Rowan, Davidson, Iredell, Burke. Wilkes, Caldwell,
Alexander, Davie, Forsytho, Yadkin, Stokes, Surrey, Rockingham,
Caswell, Person, Granville, Warren, Franklin, Saab, 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 tho cotton crop than last
year. A general frost was experienced en the night of the 24th October.
doing considerable damage to the late bolls. About 70 to 80 per ceut of
the crop is reported as having been picked, and picking will be completed about the 15th to the 20th of November. Of 62 replies from 21
counties, 11 show an increaso and 51 show a decrease in the yield; the
average decrease being 14 per cent.
.
November
—
t
;
;
THE CHRONICLE.
15, 1870.]
519
2. Froit.— 106 report frost having occurred at from 15tb to 25tb, 2
none; 104 report no damage, 4 very slight. Average date of frost,
Memphis Department
covers the Slate of Tennessee, west of the Tennessee River, and the following Counties In Mississippi: Coahoma, Panola, Lafayette, Marshall,
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, composed of John S. Toof (Chairman), W. B. Mallory, A. C.
Treadwell, W. II. Goodlett, T. II. Ilartmiis, Win. Bowles, Sr., and Z. N.
Oct. 23.
3. Harvesting.—The average proportion of the crop picked out Is 55
per cent picking will be extended to from Dec. 1 to Jan. 15, averaging
;
- -
'
Deo. 19.
Yield.- The yield of cotton Is variously estimated at from 33 per
cent less to 100 per cent greater than In 1878, averaging 15 percent
Increase.
5. Labor.— 102 report laborers working well, 6 but moderately well
»8 report them as contented, with nodeslre to emigrate; 10 mention
that there is sonic discussion of the subject, but without a fixed determination to emigrate.
4.
Bate*.
West Tennessee.— 38 responses.
Weather— 30 report the weather for month of October as having been
very favorable lu all respects for maturing and harvesting the cotton
crop; 2 report too much rain 30 much more favorable than last year.
North Alabama. 11 responses.
6 about same, 2 not so favorable, frost— All report frost having occurred from 23d to 25th; 37 that no damage was done to the crops
Weather— All report the weather very favorable. 8 more favorable
Harvesting—
From 10 to 75 per cent of than l»st year, 3 about same. Front— All report the occurrence of frost
1 reports very slight damage.
crop is reported picked out, averaging 47 per cent; date of completion from the 23d to 2-th; 10 report no damage, 1 slight damage. BarrestCrop yield is i«0— Ploking has been dime from 25 to 00 per cent, averaging 61 per
is given at from Nov. 25 to March 1, averaging Dec. 20.
variously estimated at from about same as last year to 33 per cent cent, and will require from Dec. 1 to 30, averaging Dec. 12 to complete.
increase, averaging 18 per cent greater yield than in 1878. Labor— All
Yield Is estimated at from 10 per cent less to 25 per cent greater than
report laborers working well, and contented; 37 that they are not making lust year, averaging 3 per cent greater. Labor— All report laborers
any demonstration toward emigration; 1 reports that there is—this working well 10 report no disposition to emigrate, 1 that there
—
;
;
is.
;
near Lagrange.
North Mississippi-32 respon3es.
Weather-W report weather very favorable in all respects. 3 too much
rain; 20 report much more favorable than last year, 3 about same, 3
Nashville Department
I
not so favorable. Frost— All ri port frost as having occurred cu 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 crop (averaging 54
per cent) is reported picked out, and that picking will be completed
from Dec. 1 to Jan. 15, averaging Deo. 17. Crop yield is variously estimated at from 20 per cent less to 50 per cent greater than last year,
averaging 8 per cent increase. Labor— 28 report laborers working well,
4 only moderately well 25 report that there is no sympathy in the cingralioi movement; 7 report that there is much talk of ft with them.
„.„„, Tennessee
„
east of the Tennessee River, and the following
covers Middle
Counties of Alabama:— Lauderdale
rrankltn. Colbert, Lawrence,
Madison,
Limestone,
Marshall, Jackson, DeKalb and Cherokee.
Morgan,
The report is prepared and Issued by the Nashville Cotton Exchange,
through their Committee on Statistics and Information, composed of
Leonard Parkcs, Chairman, B. Lanier and P. Dobbins.
—
Middle Tennessee. 16 replies from 11 counties.
1.— 14 answer that the weather has been good; 2 say somo bad
weather. 2.— 13 answer more favorable 3 say less favorable. 3.— 11
say on the 25th, 3 on the 24th, 2 on the 26th all say no damage, rather
a benefit. 4.-9 say alxmt one-half picked, 4 two-thirds, 3 about oneArkansas. 38 responses.
tlilrd. and will finish from 1st to 15th of December.
5.— 1 answers
Weather— All report the weather remarkably favorable In nil respects double; 10 answer twenty-five per cent more, 1 seventy-five per cent
crop;
36 much better than last year, 2 more. 4 about same. 6.— All answer the fall has boen favorable for
for maturing and harvesting the
about same. Frost— 36 report having occurred from 15th to 24th; 2 maturing and gathering; the prices have stimulated the tenants to
report there had been none; all report no damage. Harvesting is various- work well, and a larger per cent of the crop will be gathered in good
order.
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.
North Alnbninn.— 23 replies from 11 counties.
Yield is variously estimated at from 33 per cent less to 100 per cent
1.— 16 answer that the weather has been good; 7 unfavorable 2.— 15
greater than last year, averaging 17% per cent greater than last year.
more favorable; 8 less favorable. 3.— All answer about the
Labor— 36 report laborers working well, 2 not well; 36 report that there answer
25th, and no damage, but a benefit. 4.— 17 say about one-half picked, 6
is no prospect of their emigration, 2 that there will be.
two-thirds; will finish from 1st to 15th of December. 5.— 11 answer
Aggregate. 108 responses.
about same, 9 twenty-tlve per cent less, 3 about ten per cent better. 6.
Some complaints of bad weather; 4 report crop dauiaged by storms; all
1. Weather.— 103 report the weather very favorable in all respects for
maturing and harvesting the cotton crop 5 report too much rain as say that good prices have stimulated the hands to work well and gather
•compared with October, 1878; 92 report much more favorable, 11 the crop in good couditiou one complains of scarcity of hands in his
neighborhood.
about same, 5 not so favorable.
;
;
;
—
—
;
;
SUMMARY OF NATIONAL COTTON EXCHANGE CROP REPORTS FOR NOVEMBER
1879.
1,
X
V
1
a
3
O
Weather
Weather for
in
gathering compared
with 1878.
October.
o
Galveston.
132 more favorable.
5 same.
2 less favorable.
138 favorable.
All of Texas 139
90
1 unfavorable.
N. Orleans.
All Louis'a.
Part of
1
Mis'sippi.
5
Part of
)
Arkansas
65
29
78
31
43
23
65
37
Very
No comparison
fine.
made.
Excecdingly
Dry.
S
JfooiVe.
Wet and
Part of Ala.
1
|
Part of
)
Mis'sippi.
)
Savannah.
AH Georgia
Florida
14 favorable.
Norfolk.
Va. <fe No.
Carolina,
)
2 parishes flnish'd.
27 by Dec. 10.
p. c.
more.
About Deo. 10.
auce less favorable.
No damage.
Little or no damage
from light frosts.
Same
in 12 counties,
loss favorable in 6.
Cloudy & rainy to On tho whole less
55 24th, then clear.
favorable.
I...
Dry and warm.
75
58
p. c. in
p. e. in
20 counties. 12
7 counties. 15
72
66
p. c. in
p. c. in
9 counties. 5
Light frost 2Cih.
9 couuties. 8
About 50 per
Slight damage.
cent.
p. c. less in
p. c. less in
20 co's.
17
co's.
p. c. more in 9 co's.
p. c. less in 9 co's.
December
1.
December
1.
25 p. c. less in S. and
S.W.Ga. N.Ga., about December 1 to 20.
same or more.
(No report on ut
Moro favorable.
Oct. 24th, doing considerable damage to
70
to
80 per
cent.
Average, 14
p. o. less.
Average, 15
p.c.
Nov. 15 to 20.
late bolls.
i
38
32
38
...
92 much more fa- 106 frost 15th to 22d
October.
103 very fav'rable
vorable.
5 too much rain. 11 same.
2 no frost.
5 not so favorable. Little or no damage.
Mid. Tenn
16
11
14 say good.
2 some bad.
13 more favorable.
3 less favorable.
About 25th; no dam- Av* rage about 60 per
Average, 40 p.c. more.
age, but benefit.
ccut.
Dec. 1 to 15.
North. Ala.
23
11
16 good.
7 unfavorable.
18 more favorable.
8 less favorable.
About 25th; no dam- Average about 60 por
Average, 10
age, but benefit.
cent.
Deo. 1 to 15.
Memphis.
W. Tenn
...
No. Miss
.
.
N. E. Ark..
Nashville.
—
Gunny
Bags, Bagging, Etc. Bagging has been taken fairly
week both in a round way and in jobbing parcels.
market is ruling firm, with holders quoting 10c. for If Jbs.
55 per cent.
Exrop tsof Cotton
(bales)
•during the
The
1.
Most favorable ever Light frosts 21th, but Average, 65 per cent. Average. 6
known.
no dam \ge.
93
62 21
Light frosts 24th.
Average, 10*a per
ccut more.
Nov. 15 to Dec.
By December 10.
18
....
General fros ts about
23d.
Llttl e or no Average, 70 per cent.
damage.
p. c. less.
more.
32
4 wet.
Average, 83 per cent. Average, 24
picking will
be finished.
p. c.
Nortnem counties
more favor'ble, bal-
iinfavor-
able
42 none.
97 frosts.
1.
Average. 70 per oeut. Average, 8
Decidedly better.
favorable.
November
When
Yield compared
with 1878.
Percentage picked
Frosts.
The sales are 1,500 rolls of various weights
within the range. Butts have been taken freely at fi rm figures.
The Coryphene 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@3ic. for good
paper quality and 3JC. for spinning grades. At the close the
Exported to—
• >w
.
,
upward.
Oct.
29.
Oct.
Nov.
Nov.
5.
12.
Sept.
1,
1879.
Same
Total to period
date. provi'us
year.
2,880
92.729
2,850
Total to Great Britain 9,359 2,813 5,788 17,350 134,877
95.57?/
9,359, 2,818] 5,788 17,350 131,997
Liverpoi >1
Other
B •itish
ports
Havre
2,431
1,660
2,615
540 14,513
4,413
2,431
1,660
2,615
540
14,513
4,412
1,651
1,255
1.2P9
2,822
1,319
960
514
11.052
4,232
2,017
4,665
Other French ports
Total
I
Bremen and nanovor
llambur
compared with
p. c. less.
from New York since
Week ending—
22.
=and lOJc. for 2 lbs.
more. Average, Dec. 19.
300
400
235
423
week, the total reaching 19,364 Total a North. Europe 2,906
5.0S8
4,376 1,474 17,801
1.999J
bales against 12,779 bales last week.
Below we give our usual
Spain, O p'rto, Gibralt'r,&o
table showing the exports of cotton from New York, and their All nt Ik
2,956
2,956]
direction, for each of the last four weeks; also the total exports
2,956
Total Spain, <fco
2,956|
and direction since Sept. 1, 1879, and in the last column the total
grand
14,696 9.428 12.779 19.304 169.647 105.079
for the same period of the previous year.
increase, as
last
|
.
.
..
.
—
1
Beceipts
Boston.
—
Florida
.
.
S.Car'lina
UCar'lina
Virginia..
Worth, ft*
'I'fllli., &c.
foreign
208
11,174
6,230
1,311
13,284
651
4,127
2,743
26,745
i',753
39,524
12,844
72,441
2.568
28,598
7.327
1,325
9,615
225
5,636
057
2,141
3.208
3,113
4,071
12,803
32.194
27,144
1,963 12,343
83,315
2,171 18,573
50,933
Laatyear 28.649 284,048| 9.583 65.311 2,653 18,919
United
t«niPPiNG News.— The expoits of cotton from the
have reached
Etates the past week, as per latest mail return*,
With regard to New York, we include the mam131 017 bales.
n'ght of ftjs»wt.
iests of all vessels cleared up to Wednesday
'
579.. ..City of Loudon.
.Nevada, 1,060
nia, 935. .. Egypt, 2,296. . . Spain. 2,483 . .
....Britannic, 75)... .Lascelles, 1,924
To Havre, per steamer Fr.uiee, 143. ...tunana, 397
'*40
ovj
^""
To Bremen, per steamer Rhein, 960.
To Hamburg, per steamer Frisla, ol4.
a-ava""
3,900....
Jamaican,
steamers
New Orleans—To Liverpool.Jper
Asliburne, 7,120.... Carolina, 4,286.... Ben Cruachan,
-",djo
3,790.... Athens, 6.500
To Havre, per steamer Actou, 4,707. per ships Ho Marthe,
4,581.... AnnotLyle, 4,438
'!££
To Antwerp, per steamer Wbeatfield, 498
hnn
To Barcelona, per barks Antonia Batet, 100. . . .Preciosa, 202 1,202
per brig Mai ia, 900
319
To Vera Cruz, per steamer City of Mexico, 3W.^
-•---; 4,617
Mobile—To Liverpool, per ship Flying Foam, 4,01, ..... Upland
1,056
Delaware,
Charleston— To Liverpool, per barks
and 40 Sea Island.... Telegraph, 025 Upland. ...Duchess 3,i»o
of Lancaster, 1,164 Upland
1,800
To Amsterdam, per barf Shooting Star, 1.800 Upland
Symington,
Pobt Royal- To Liverpool, per steamer William
5,602
•< --;;•:•;•• '"
5,602 Upland
..
6,513
Savannah—To Liverpool, per steamer Naples, 6,513 Upland..
per bark
To Bremen, per steamer Cohanin, 4,451 Upland
7,526
Agnes, 3,075 Upland
4,275
-.
To Reval, per steamer Gleuisla, 4,275 Upland
Texas—To Liverpool, per barks Brakka, 1,211. ...Invercsk, 7,480
.per brig Alkor, 850
2.819. .Meutonc, 2,600.
J-> iu '
--:•To Havre, per balk Cortez, 1,107
.per brigs
[LMINOTON— To
__ Liverpool, per bark Resolute, o99.
Wilmington2,437
Anna, 1,038
Soskemiueren, 800
Norfolk—To Liverpool, per steamers Emiliano, o,000. .Pro- 15,824
4,670.
per ship Northumbrla,
pontis, 6,154
.TiMORi:— To Liverpool, per steamer Caspian, 1,179 and 264
1,44 J
b'i <r s Sea Island ..
Atlas
Boston—To Liverpool, per steamers Brazilian, 2,503
5 ' 7l' s
578.. -.Minnesota, 1,059. ...Istriau, 1,655
w-'-'Y
Philadelphia— To Liverpool, per steamers Ohio, 1,188.. .British
;vw«'^."
. .
«•—
—
. .
. .
—
2,',J4
1,50(5
...I
San F'isancisco—To Liverpool, per ship John A. Briggs, 14
1 1
(foreign)
131,017
•-•••Total
The particulars of these shipments, arrangrd in our usual
form, are as follows:
Bremen Amst'dm
Barce- Vera
Liveri Ham- & AntTotal.
Cruz.
Reval. lona.
pool.
Havre, bmg. werp. Reval
19,304
540" 1,474
•New York. 17,350
41,341
319
1,202
498
N. Orleaus ..25,5:16 13,726
4,617
4,617
Mobile
4,985
1.S00
Charleston .. 3,185
5,602
Port Royal.. 5,602
18,314
4,275
6,513
Savannah
8,587
Texas
7,480 1,107
2,437
Wilmiugtou 2,437
15,824
Norfolk
15,824
1,443
Baltimore
1,443
5.795
Boston
5,795
2,694
Philadelphia 2,694
14
14
S. Francisco.
. .
.
319 111,017
9,000 2,293 4,275 1,202
Below we give all news received to da.e of dioasteis to vessels
carrying cotton from United State3 ports, etc.:
Arizona, steamer (Br.), Guiou Line, from New York, Nov. 4, for Liverpool, on the 7th, when in lot. 47, lou. 45, West, struck a large iceberg, which stove In her bows, and she put into St. Johns, N. F.,
Nov. 9. No injury has been sustained by either the passengers,
crew or caigo. She will probably be detained three weeks, repairTotal... 98.550 15,373
ing.
(Br.), dimming, from Galveston for Reval, put into
Halifax, Nov. 8, short of coal.
Orleans, for Bremen,
Lartington, steamer (Br.), Metcalf, from
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
Infective, steamer
New
away her
rigging and a portion or bulwarks.
The steamer,
in
avoiding another collision, grounded with her forefoot, but floated
of/ soon after without any apparent damage beyond a portion of
rail carried away.
Cotton freights the past week have been as follows:
Wednes. Thurs.
Saturday Monday. Tuesday. Wednes. Thursd'y
Do
eail...rf.
Satur.
Mon.
Tues.
7 32®'4
3 16® 7 32
7 32® 14
7 32 ®l4
7 3i®--
7 32®---
8 32
3 18® 7 32
3 ie® 7 32
...® 7 32
...® 732
7 32
Fri.
Do
sail
Bremen, steam,
Do
sail
Hamburg, steam
Do
V
c.
12®...
>2®...
c
"is*
"xe*
c.
7
7 16
7 16
%.
34*
>a
-a
-3
Jfl
-a
>2
"is
"16
"18
"16
"16
"is
13 32
13 32
13 32
13
13
13 32
c.
sail...r.
Amst'd'm, steam.e.
Baltic,
•
steam
Compreettd.
V
\*
Havre, steam.... e.
d.
16
V
"18*
"18*
"18*
Hi®...
=8®-..
SgS...
=8
"18'
84.
%*
V
lo
Ja
-2
34*
34*
V
3J
32
Friday.
|
Spot.
Active
Market,
12:30 p.m.
l
Buoyant.
and
Steady.
Quiet.
firmer.
$
6%
6 78
7
613 16
615 18
6 78
7
aw,,
6 7s
7»e
7'18
7
5 P. M.
15,000
3,000
8,000
1,000
Sales
Specfc exp.
20,000
5,000
10,000
2,000
Weak.
Steady.
15,000
3,000
8,000
1,000
Futures.
7 Mill CO.
Market,
larket,
51
5 P. M.
Firmer.
Firm.
l
J
The actual sales of futures at Liverpool, for the same week, are given
below. These sales are ou the basis of Uplands, Ljw Middling clause,
unless otherwise stated.
Saturday.
Delivery.
Delivery.
(I.
Delivery.
d.
d.
6 23 3 2
Mar.-Apr.6 1s© 17 32fi< 9 i6 June-July
Shipments.
®21 3 „ Apr. -May
O^iq
7
5
8®2l
32 Oct.-Nov., n.cp. sl.01 32
Nov -Dec6 15 .i2® ^ ai 7 32 May-June
Nov.-Dec, n. crop,
6'Jia
Dec-Jan .6 7 16 a l> Slfga Nov.-Dec
7
6'
sail
.6*'is
S2
Jan.-Feb.6 7 i6« 2® 17 32 Feb.-Mar.
61*32 Dec-Jan., n. crop, Mar.-Aj)r
Feb.-Mar... 6**32® 'a
6 - 7 22
sail
® 17 32 May-Jiuie
-6»ia
Nov.
.6 9 1«® 1M S2® 5 8
—
:1
.
Monday.
6%
Nov
Dec-Jan
Jan.-Feb
.
.
G 5®
Jan.-Feb..
0'21
Nov.-Dec.
..61»:l 2
..62832®%
.6^s®t'*32
69,„
.6»18® 1B 32
.
Dec .-Jan.
April-May .... 6-%2 a %
6 34® 13 i6
May-June
6 2 ' 32
6 2 ° 32
Mar.-Apr
®27 32 a 78 May-June
6»8® 21 32 a, ^8 Nov
Fib. -Mar
32
Mar.-Apr.. .6'-i3?* n i6
m
6i 3
June-July
6*a® 41 32
Nov.-Dec
Delivery.
Delivery.
Delivery,
Jan.-Feb.
Feb.-Mar.
6
Nov
6-' 3
Nov.-Dec
Feb.-Mar
Apr.-May
<:'';_•
32
OSs
6H18
May-June
..
..6-^32®%
r>
8
Tuesday.
July-Aug
Dec-Jan
Jan.-Feb
Mar.-Apr
6»i6® 1!, 32
02130
61'ib
May-June.
®23.,.->a?4
.63j® 23 32
13 16
.
Dec-Jan
6"ig
.62i 3 2®
n ie Dec-Jan
Dec-Jan. 58® 21 32® 11 18
6H10
Jau.-Feb
Feb.-Mar.. .6Hie® 2s 32
0Hi<s
Jau.-Feb
6H 19
May-June
6 27 32
Shipments.
6 34
Mar.-Apr
Apr.-May
June-July
6 27 3 2
6 78
Nov
Wh<sa-~';a
Nov.-Dec.
®
June-July
Nov
6 7s
6^8
Nov
6«i«®l a 32
Jau.-Feb
Feb.-Mar.69ie S ,9 32® 5 8
Mar.-Apr
April-May
Delivery.
6 7a a> 27'32
3'_
6 2 i 32
62 i 33
Jan.-Feb
Delivery.
Delivery.
623 3 „ a % ass™
Nov.-Dec.Oi'iGa'.Oa-jS's
Nov
Oct.-Nov.,n. crop.,
623 32
65g
sail
Nov. -Dec, n.cp., si, O^
6 78
Wednesday.
—
Dec. -Ian
Jan-Feb.6 7a
Feb.-Mar. .. .6 78 ®2-.!2
.6^32 ® 78
Mar.-Apr
June-July..
Nov.-Dec...
6 29 32
62»3"
j
(U 3 16
Feb.-Mar
Mar.-Apr
Apr.-May
6 78 ft - 7 :',2
62 7 3£® ls ia
»- 7 :i2a r Ha
Apr.-May ...
May-June...
6*38® % May -J une
ff" Zs> % Nov
Dec- Jan
Jan -Feb
NOV... 63l32®7&7l32
® 6**32
Nov.-Dec
Delivery.
Delivery.
Delivery.
!
6 27 3
6 7a
Nl>V..-lil-' ] p«-"-' .2« u>
2 332 a
Nov.-Dec.
a 1%
6 2 %2
Nov.-Dec
Dec-Jan
Jau.-Feb
Shipments.
6 23 3 2
6 23 S 2
:
.6%®
?®631 3 2
Jar. -Feb
:
;i
6'-%o « 4
Feb.-Mar
Mar.-Apr
...7
...623 32
%
6 2 3 32 3> 34
6 2 3 2« <±
Dec-Jan
...615l6
:,
Oct.-Nov., u. crop,
sail
6 27 !2 ®i3i 8
Nov.-Dec, n. crop,
613 19
sail
;
i6® 25 32
6'' 3
Thursday.
•2>:>..
.6l 5 iR® 2
sa
_
78® 27 32®
16
5'
r.6 2 3 2® 34.""
Nov.-Dec.
Jan.-Feb....C%S-' 3 3 2
®ii 1R ®58
%® 21 32® 58
^'2 '->:i2
6 7s<»i 3 i6
Nov
6-' 3 2
I
6 31 3 2a 2y 32®'
6 27 32
Nov.-Dec
I
8
®
.
June-July
l
®
Shipment.
Oct.-Nov n. crop,
,
6"i8
sail
Delivery.
...68] 32
6- '32
1
Nov
May -June
613 16
6 27 32
C'-% 2
Nov
6 13 i6
Mar.-Apr
Apr.-May
23 32
6 2 22
Nov.-Dec
6 27 3 o® 34
.6 78 S 27 32
;
Dec.-Jau
Nov
6 7s
.*.6*i 32
0%* 2 »32
6 23 32
..6'3i 6 27 3 2
6 2 5 32 ®13i 8
Friday.
1
-a25 32 ffl34
61 3i 6 ® 34
.
....
May-June
Nov
I
6i 3 i 6 ®34
Jan.-Feb
Apr.-May
|
I
NOV
Dec-Jan
Dec-Jan.... 6Ui ® 2 j32
bii^
Feb.-Mar
..6*
Mar.-Apr
6 27 32
6 7a
May- June
June- July
Mar.-Apr
Delivery.
Delivery.
Apr.-May
May-June
6 34® 11 ig
Mar.-Apr
Maj -June
I
I
Feb.-Mar.. 625 a2 ® 23 32
®ii 1R ®2i 32
Dec-Jan.. ..6Si®23 32
Feb.-Mar
Mar.-Apr.
I
®23 32 ®iii 6 Nov.-Dec
3
Delivery,
Delivery.
Delivery.
Nov.
®25^o
Livei-pool, steam d.
3,000
8,900
226,000
87,000
68,000
53,000
3,000
273,000
226.000
been as follows:
.
.
41 ,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
Market.
.
. .
65,000
Nov. 14.
7.
56,000
8,000
39,000
6,000
2,000
296,000
166,000
82,000
66,000
4.000
277,000
236,000
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
Mid. Upl'ds
Mid. Orl'ns.
steamers Ptolemy, 918 -Horrox,
New Yobk-To Liverpool, per 5,010..
Both..Adriatic, 1,394
.
—
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
Sales
Amountanoat
46,899
38.000
4,000
20,000
6,000
5,000
273,000
1 42,000
81,000
73,000
3,000
258,000
215,000
2.0'JO
Of which American
9,779
This year. 42,153 297,213
Crown,
hales.
Actual export
722
.
week
F'orwarded
Nov.
Oct. 31.
Oct. 24.
Sales of the
N. Orl'ans 4.284 31,098
6,788 37.64
Texas
Bavannah 7.668 70,024 1,317
"275
Since
Since This
This
week. Sept.1, week. Sept. 1.
|
I
.
|
Since
This
week. Sept. 1
Since
This
week. [Sept. 1
from—
—
Baltimore.
Philadelphia.
[Vol. XXIX.
LlVKflPOOL. By cable from Liverpool, we have Vie following
statement of the week's siles, stocks, &c, at that port:
BOBTOK, BALTIMORE AKD PHILADELPHIA.
KEW VOKK,
New York.
MtCEIITS *T
.
6
6
THE CHRONICLE.
520
Mobile
—
.
Nov.-Dec.
. . .
Jan.-Feb
Feb.-Mar
Mar.. Apr... 6 27 3 2
Apr.-May
May-June
6%
6 2 » 32
® 13 i8
6 7s
63l 32
7
June-July
Shipments.
6 23 a2® "16 Oct.-Nov., n. crop,
613 16
sail
6 7e® 2 «32
6 2 5 32 ® 13, „ Nov.-Dec, n. crop,
9 i? w Dec-Jan. .6 34® 2o 32® 34
sail
6%
|
BRE ADSTU PFS.
November
Friday, P. M.,
14, 1879.
There was a dull and drooping market for wheat and flour
during most of the past week, and prices have given way
Yesterday, however, there was some recovery,
materially.
lines of common extras at $5 40 on the spot
large
of
sales
with
declined,
and $5 50 for January delivery. Rye flour has also
for wheat
demand
the
To-day
firm.
remains
meal
corn
bit
— —
1i
November
flour
.
THE CHRONICLE.
15, 1879.]
was active
.
at firm prices,
Wheat,
with occasionally more money
at—
In store
New York
paid.
The wheat market has been depressed, and sales were made
early in the week as low as $1 35@$1 37 for the hading 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
But there was a recovery of 8@4c.
to $1 30 for December.
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 corn has varied but little. The speculation for the
rise has been comparatively dormant, and yet no important
The crop is now regarded as
decline in values can be quoted.
not so good as last year, from various causes being deficient
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
To-day there was a slight further
ability to supply its needs.
improvement and a fair demand.
Rye was dull. Some business was done in No. 2 Western at
66c. 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 including No. 2 Chicago on the spot at 46c, and No. 2 mixed, N.
Y. grade, at 45^c. for December delivery, followed by flucTo-day the market was dull, with No. 2
tuating values.
graded quoted at 45c. for mixed and 45?2e. for white.
Do. afloat
bush.
7.155.6 Hi
(est.)
Alliiiny
Biillalo
Chlcairo
Milwaukee
Duliuh
Toledo
—
800,000
20,000
797.308
5,403,890
1.798,086
262,910
1 ,O70, 1
Bt.
Louis
Montreal
(1st)
Philadelphia
Peoria
in
I
Corn,
bush.
2,610,961
450.000
29.000
1.25 1.12-1
1,674,050
11,057
9,020
00
1,421.326
268,088
257.424
4.150
260.000
239,595
409,863
272,827
189,371
702,530
31,800
351.043
602,373
353.0O0
Detroit
—
9.841
liana polls
Kansas City
;
Rail shipments...
Lake shipments..
Ou Canal
(est).
..
541.704
345.023
1.966,432
3,900,000
1.337,460
1,358,000
30,421,693
28,822,649
25,691,223
23,205,349
20.787,101
17,215,760
Total
Nov.
1, '79
Oct. 25/79
Oct. 18, '79
Oct. 11. '79
Nov. 9, '78
4 1,921
101,400
611,022
2,009,513
313.421
51.400
1"?0,183
Oats,
busb.
Bailey,
busb.
Rye,
720,711
40,000
183.000
8.00 5
922.791
29,214
833,054
618,000
283,505
10.000
78.000
61,707
230,012
73,772
219,921
3.774
2,000
174.968
157,180
1,240
12,502
7.800
4,506
800,000
54,146
2H,0I7
341,479
61,832
127,509
207.800
108,849
1 4,364
31 5,975
50,508
1
bush.
238,069
681.206
545,392
9,657
101.818
58,617
675,000
7,321
9.113
36,105
307
13,761
22,390
87,513
10.700
0,797
0MV7
7T,6oq
11,448,691 3,285,947 4,806,237 1,046.915
11,615,264 3.358,057 4,360,004 '.167.513
10,413,3813,095,010 3,790,021 812.051
10,562,315 2,808,398 3,017.209 694,784
11,037,559 2,705,182 2,062.042 764.511
9,698,182 3.158,410 5,030,513 1,431,301
T3E DRY GODD3 TRADE.
Friday, P. M., November.
14, 1879.
Notwithstanding the unseasonable mildness of the weather,
which is unfavorable for the sale of heavy winter fabrics, a,
large business has been transacted in the dry goods market during the past week. Cotton'goods were conspicuously active, and
their distribution was attended with no little excitement. Pricescontinued to advance, in sympathy with the staple, and buyers
manifested great eagerness to secure their supplies at or about
old quotations ; but this they were unable to do (save in exceptional cases), a3 agents are extremely firm in their views, and
not only demand the full advance, but decline to accept orders
2G
32
for goods to arrive except " at value" on the day of delivery.
40
41 >a Woolen goods were equally firm, but somewhat less active than
41
of late, and foreign goods ruled quiet, the warm weather having
41
oil's
checked the consumptive demand to some extent.
59 U
Domestic Cotton Gjijds. There was a steady demaud for
61
GRAIN.
FLOUR.
$ bbl. $3 80 3 4 40 WheatNo. 3 spring, $ bu.$l 24 ®1
Supcrnno State Mid
130 ®1
4 703.5 10
No. 8 spring
Western
Amber winter... 135 ®1
5108/ 5 DO
Extra State, &e
Bed winter, No. 2 141 ®1
Western spring wheat
White
135 ®1
extras
5 30® 5 60
No. 1 white
14012®!
do XX and XXX... 5 753:7 00
Corn -West, mixed
58
Western winter shipWestern No. 2...
59
ping extras
5 50® 5 85
Western Yellow..
60
do XX and XXX... 6003 700
Western White. ..
Minnesota patents... 6 503 8 00
61
66
85
87
City skipping extras. 5 50® 6 25 Rye— West'u. No.2.
state and Canada
89
87
Southern, bakers' and
025® 7 25 Oats— Mixed
42
45 >2
family brands
White
44
47
Sonth'u snlp'g extras. 5 50«> 5 85
84
93
Bye flour, superfine.. 5 10® 5 50 Barley— Canada \V.
85
State, 4-rowed..
73
Corn meal
2 80® 3 10
State, 2-rowed...
70
77
Western, Ac
95
80
Brandy wine, fco
3 30 a 3 35 IVas— Can'da.b.ifcf.
Receipts of flour and grain at Western lake and river ports
for the week ending Nov. 8:
Oats, Barley.
Flour,
Wheat,
Corn,
Rye,
No. 2
dim
bush.
bush.
Mils.
At—
bush.
bush.
bush.
(48 lbs.) (50 lbs.)
153,659 66,23f
'60 lbs.)
(56
59,785
63,318
984,771
Toledo
1,202
Detroit
15,487
3,405
41. 22
250,703
175,672
27,300
181,348
896,027
89,910
131,469
19,152
41,250
241,305
159,830
12,804
17,519 121,467 21,035
36,938
1,621
13,196 18,149
"ado
12300 32,250
40,824 '.15.031
8,287
87,200 35,500 24,400
187.933 2,423.458 1.801,747
155,703 2,243,075 1,446,014
576,315 456,056 122,482
517,134 361,449 100,940
Chicago
Milwaukee
Cleveland
St. Louis
Peoria
lbs.
1,315
Duluth
3,200
Total
Same
521
..
....
time, 78..
OiO.Hfll
8,500
178,303
(32
lbs.)
lbs.)
s;is
and lake shipments from same ports for the last four weeks:
Flour,
Week
Wbeat,
Corn,
Oats,
Barley,
Rye,
Rail
ending—
bush.
bbls.
Nov. 8
Nov. 1
Oct. 25
Oct. 18
152,409
200,803
204,792
225,487
Total, 1 w'ks.783, 191
bush.
bush.
bush.
4814,8531,682,483
366.-195
1,652.891 1,907,109
2,076.738 1,374,407
3.529,355 2,821,269
467,730
437.665
444,890
—
domestics for export, and large orders are in process of execution 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 grades
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
Stocks of
all the orders that can be filled for months to come.
brown and bleached goods are smaller than at any time since
the war, and prices are exceedingly firm at the late advance,
with an evident tendency toward still higher figures. Print
cloths wefe. active, at a further advance in price, and large
transactions were reported on the basis of 4 l/i@4%e. for 64x64s
and
bush.
%c.
Portland
Montreal
Philadelphia
Baltimore
New Orleans
Flour,
Wheat,
bbls.
busb.
156.270 2,025,855
72,940 131,617
2.975
12,365 220,052
21,735 107.0(H)
15,401 787,250
7,753
49,348
Domestic Woolen Goods.
Corn,
Oats,
Barley,
Rye,
bush.
bush.
bush.
bush.
690,878 169,134 517,438 65,056
337.399 158,221 29,900
1,200
4.40O
1 ,600
120.908
8,288 15.042
8,642
176.000 81.200 79,500
500
302,200 20,200
3,200
11,290
6,280
Exports from United States seaboard ports and from Montreal
week ending Nov. 8:
for
Flour,
Wheat,
bbls.
busb.
1,053,036
109,655
13.272
Corn,
bush.
Oats,
bush.
Peas,
bush
25,249
44,410
313,862
203,910
15,158
4,491
8,573
219,027
271.975
1,017,603
180.139
32,782
183,731
Total forw'k 156,469
2,765,636
2,372,964
940,539 49,838
620,674 104,875
Boston
Portland
Montreal
Baltimore
The
busb.
320
Philadelphia..
Same time
Rye,
4,826
493.948
49,939
'78.
133.483
339,111
70,146 121,430
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, Nov. 8, was as
visible
follows:
in
—
600
I
I
—
There was a continued large movespring 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 purchases. 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 £Oods arenow held at a material advance upon opening quotations. For
heavy woolens there was only a moderate inquiry, and purchases were chiefly restricted to small parcels of fancy cassimeres and rough-faced overooatings. Cloakings and repellents
were less active, but special makes were delivered by agents in
Kentucky jeans
fair quantities on account of former orders.
and satinets were in irregular demand, but firm, with an upward
tendency. Worsted dress goods continued fairly active; felt
Carpets
skirts were in good request, and shawls moved slowly.
were in good demand and very firm, some makes having been
advanced by agents.
Foreign Dry Goods. The market for imported dry goods
has presented few new features, and business was comparatively
light in this branch of the trade. Dress goods and silks were
moved in small lots by importers, but linen and white goods
ruled quiet. Holiday handkerchiefs and embroideries have
received more attention, and laces and lace goods were moderately steady and active. Prices of foreign goods generally
remain steady and unchanged.
ment
Total week
238.979 3,387.122 1,643.075 444.920 641.880 78.598
Cor. week '78.... 250,985 2,512,237 1,211,705 331,170 273,048 104,547
From—
NewYork
Prints were more active, and decidedly
some makes of 56xt50s having been marked up
Ginghams and low-grade cotton dress goods were in fair
request and firm.
9.573. s.i7 7,785.268 1.717. ISO 1,234,931 324.936
8:
At
Now York
Boston
for 56x60s, the outside quotations prevailing at the
the week.
firmer in price,
Do.4 wks T8.58fi.657 7,383,623 5,365,185 1,821.914 1,101,819 478.423
Receipts of flour and grain at seaboard ports for the week
ended Nov.
3%@4c
close of
250,435 53.92'
845,501 70.125
301,551 96,368
337,494 104,216
n
THE CHRONICLE.
522
Turner
BrinckerhoiT,
&
Publications.
Financial.
Commercial Cards.
NEW
In
COTTONSAILDUCK
CAPITAL,
-
-"T
-
St.
*C. " ONTARIO
'
"AWNINO
STIilPKS.'
United States Hunting Company.
Oil supply
Widths and Colors always
all
No. 109
Doane
In stocl.
Street.
E.R.Mudge,Sawyer&Co
AGKNT'' FOR
Wanlilllglou »i ill", liici.pee Mlg
Burlington Woolen Co.,
<
Co..
Ullerton New mills,
Atlantic Cotton Mills,
Saratoga Victory .ill's Co,,
AND
"rawer*
Hosiery. Shirts and
43
4
J.
SKW
From Various
YORK.
Mills.
WfllTH STBRBT.
15
15
BUS. ON,
0aAB»U3Y t.
PHII.ADKLPH1A.
'2*1 l!"MTN"r HTRKKT.
W
OAVTMN.
&
John Dwight
Co.,
MANUFACTURERS OF
MI'i: R-GARBON ATE
No. 11
SODA.
New
Old Slip,
The Jobbing Trade
ONLY
Interest allowed on Deposits, which may be made
and withdrawn at anv time.
N. B.—Checks on this institution oaas through me
KING, President.
C earlng-House.
J. M. MoLrah, 1»< Vice-President.
J. H. Ooilvie, id Vice President.
EDWARD
EXECUTIVE COMMITTEE.
Clinton
sts.,
&
Brooklyn, N. Y.
is
AND
MIL WARD'S HELIX NEEDLES.
BROADWAY, NEW YORK.
400
Hong Kong &
Shanghai
Banking Corporation,
Head
S. W
POMEROY
Russell
coimnissioN
Jr.. 59
Waix
&
Co.,
St..
merchants
AND 8HIP AGSNT
J. MURRAY*
Wl Crntral
)
FORBES, >
Strket.
W.
59
Waw,
Jr..
St.. N.Y
Financial.
Wm. F. Owens.
Geo. a. Mercer.
Member. N. Y. Stock Exchange.
Owens
&
Mercer,
RANKERS
AND COMMISSION STOCK BROKERS,
7 Exchange Conrt 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.
B.
F.
Blakeslee,
BOND AND STOCK BROKER,
333
New York,
LOUIS (IfY A COUNTY BONDS
MAIN STREET
(HILLS BLOCK),
HARTFORD, CONN.
Special attention paid to investment orders for
miscellaneous Stocks and Bonds.
R#»r«rs
F. Gilbert
No. IS Broad
St.
&
Co.,
The
oi
Knowledge and Progress.
auk is a weekly magazine giving
LiviNtj
more than
THREE AND A QUARTER THOUSAND
double-column octavo pages of reading matter yearly
an Inexpensive form, considering its
great amount of matter, with freshness, owing to iu
weekly Issue, and with a saturactorv completeness
attempted by no other publication, the best tissaya
Reviews, criticisms, Tft'ee. Sketches of Travel and
It presents In
and Political Information, from the entire body of
Foreign Periodical Literature, ad ftuiu the pens
of the
ABLEST LIVING WK1TEBS.
"It ajfords the best, the cheapest and tnont convenient
east with the pr ogre s of thought
in all its phases
Peiladeii hi* North A'i>eitran.
••
Ought to find a place in every American home."
means »f keeping ab
—
S. Vlr.bols
A
—
iht:
Agk
Living
is
Published WRitKLvat
$8 00 a
po«uig«: or for |10 50 Tub Living Agi
w one
the American $4 monthlies
year, />•««
nod either
of
harper's Weekly or Bazar)
will
(or
be sent for a year
both postpaid; or, lor $9 50 Thk Living
the Si. AicholaM or Appleton'x Journal.
Li'ITKLL A
auk and
<;AV. Hogtoo,
Insurance.
MARINE AND INLAND INSURANCE.
OFFICE OF THE
ORIENT
Mutual Insurance Co.
Assets, 31st
December, 1878,
$1,122,270 63.
TRUSTEES.
Co.. Banker*
George Mosle,
Alex.
M
Lawrencfi,
John D. Dix,
Charles Munzineer,
SOUTHERN SECURITIES
E. H. R. Lyman,
Henry R. Kuuhardt,
HuL'h Auchincloss,
Lawrence Wells.
Henry E. S, rague,
John Welsh, Jr.,
A SPECIALTY.
Wil iam Pohlmann.
Lewis Morris,
State, Municipal and Hallway Ponds and Coupons
bought and sold at best market rates. Investors or
dealers wishing to Duy or sell are invited to communi-
Alexander Hamilton,
Constautin Metelas,
Chas. F. Zi
Carl L. Hecknagel,
C. L. F. Rose,
B.
Manning,
BANKER AND BROKER,
No. 14 "Wall Street, New York City,
cate with us.
Member of the
Wm.
And
New York
-
tock Excbange.
Fisher &
BANKERS,
Dealers In Governments. Coin,
F.
Cay,
Jr.,
Walter Watsor,
y rnesto G. Fabbri.
Theod -re
Wm
'
merman
Faciiiri
S.Wilson.
Csrl Vietor,
F. Consinery,
Ramsay Crooks,
Guftav Schwab,
George H. Morgan*
L. M. Calvocoreaai.
EUGENE DUTILH, President.
ALFRED OGDEN, Vice President.
tV
Investment Securities,
St.
2 SOUTH STREET
.BALTIMORE,
W.
Arthur B. Graves,
H. L. Chas. Kenauld.
Sons,
Opposite Second
CHARLES IRVING,
ANTON METZ,
Secretary.
Assistant Secretary.
MI).
Purchase and sell Governments and Coin.
Gold constantly kept on hand for the supply of Merchants, for duties.
Bonds and Securities of every description bought
and sold on Commission Orders, w'-iich have direct
personal attention.
Especial attention Is given ix> Investment Securities
of the higher grades, quotations for which are furnished as required.
P.
F.
solicited.
Keleher
&
Co.,
BANKERS AND BROKERS,
No. 305 Olive Street,
BANKERS AND STOCK BROKERS.
SasVrefmeaie.!
partment
Edward F. Davison,
Henry DeB. Routh,
John
(near Wall),
,t
l
,t
«,5.*°S ."»JSW and " old on the fRvr YORK STOCK
ba.cjiai>OIi
on a margin of 3 percent, If desired
EquHl attention given to small and large investments.
1 Blv<!1- r«""-' u »11
*° r hanil, Flrst-
St.,
hv sermluslon to W.
Correspondence
H.
world of the most, valuable Literary and Scienmatter of the day, from the pen? of the FOKE-
MOST ESSAYISTS. SCIENTISTS. GKiTK>. DIS
COVEKEKS AND KI1ITOUS. representing every de-
ST.
AND ALL CLAKSEB OF
INVESTMENT * MISCELLANEOUS SECURITY
POMEROY
S
Alden Gaylord,
33 Wall
DEALER IN
New York Agency,
S.
Unapproached by any other Periodical
tific
Stock Exchange.
Hong Kong, Canton, Amoy, Foocnow
Shanghai and Hankow, China.
Boston Agency,
LEADING FOREIGN NOVELISTS.
Platt K. Dickinson,
Howard C. Dickinson
Members N. Y. Stock Exchange and N Y. Mining
J.
tbe productions of tbe
readers
its
and an amount
hrop.
York.
and other well-known mines. Letters and telegrams
from these districts received daily. Orders executed direct at the San Francisco Stock Excnange.
N. Y.
to
pure and perpetual reservoir and foun initio
in ertainment and instruction ."- Hou. Kobert t Win
Stocks, Railroad Bonds, Governments, and all Securities dealt in at the N. Y. Stock Exchange, bought
and sold, either for investment or on margin.
Have been connected with mining since the discovery of the famous Comstock Lode, and also
pioneers in the celebrated Bodie district in which
are located the "Standard," "Bulwer." *' Bodie,"
Hong Kong.
Office,
AOKNT,
Littell's Living Agk.
"A
BANKERS.
New
represented in the
New YurkTime*.
Bro's.,
No. 13 Exchange Place,
others, are
pages of
Discovery, Poetry. Scientific. Biographical, Historical
Alex. McCue,
Chas. B.Marvin. A A. Low.
Thomas Sullivan, Abm. B. Baylis. Henry K. Sheldon
H.E. Pierrepont, Dan'I Chauncey, John T.Martin,
Alex. M. White, Josiah O. Low, Ripley Ropes,
Austin Corbin. Edmund W. Corlies.
WM. R. BUNKER, Secretary.
Dickinson
lng, Mid many
In the
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
RIPLEY ROPES, President.
for money.
CHAS. R. MARVIN, Vice-Pres't.
Bro.,
Argyl Mm. Black, miss Thackeray,
miss m it Inch Geo. macDonald, mrs.
Oliphant Jean Ingelow, mrs. Alexander, Thomas
Hardy, IQallbew
Arnold, Henry Klngsley, Turguenief,
Carlyle, Muskln, Tennyson, Urottn-
the
John P. Rolfe,
York
Power
Tbe Duke o
J Cobbe,
foremost authors above named and many others,
embracing the choicest fcerial ana Short stories by
authorized by special charter to
act as receiver, trustee, guardian, executor, or ad-
This Company
B. Car-
\v.
penter, Frances
will furnish
The Brooklyn Trust Co.
&
Dr.
dall,
1, 18.9, The .Living Age entered upon tt« One
Hundred *nd Foitieth volume. DuriPg tbe year it
M. McLean,
Cor. of Montague
n.
Jan
Samuel Willets,
Wm. Whitewright,*
AUGUSTUS SCUELL,
Geo. Cabot Ward
E. B. Wesley,
C D. Wood.
G. G. Williams,
A. O. RONALDSON, Secretary.
J.
Edgar M. Cullen, Counsel.
TRUSTEES:
Wm. B. Kendall, Henry Sanger,
Supplied.
George A. Clark
FOR MONEY.
LEGAL. DEPOSITORY
Also, AKenti
A
Authorized by law to act as Executor, AdministraGuardian, Receiver, or Trustee, and is a
lit. II
Gladstone, Jan.
A. Froude, Prof. HuxIt. A. Proctor, Ed.
A . Freeman, Prof. T y n-
HAS SPECIAL FACILITIES FOR ACTING AS
tor,
lUuller,
!•;.
ley,
$1,000,000.
.
.
Kindt or
all
BAOOINO. KAVBNS DUCK, SAIL TWINB8
SBAMLK8S BA08,
U(a,
max
TV.
Transfer Agent and
COTTON CANVAS, FBLTINO DUCK, CAB COVEK
Registrar of Stocks.
ind
A u thorn, snch a» 1'rol,
YORK,
No. 73 Broadway, Cor. Rector
Manufacturers and Dealer*
The Greatest Living
UNION TRUST CO.
OF
Co.,
XXIX.
[Vol.
ST. LOUIS, mo.,
Buy and
Government, State, County. Township
and Municipal Bonds. Coupons collected. Missouri
specialty, foreign exchange bough and sold.
Bonds a
sell
UTUAL LIFE
plNCECC
OF NEW YORK,
Jf.S.WINSTON, PRESIDENT.
APPROVED DESCRI PTION OF
ISSUES EVERr
LIFE AND ENDOWMENT P0UC1ES
ON TERMS AS FAVORABLE AS THOSE OF
ANY OTHER COMPANY.
ORGANIZED APRIL. IZ™ 1842.
CASHASSETS OYER$80,000,OOa
.
November
ii«ii r;i
I
,
::
THE (CHRONICLE
ls79.j
15,
.
:
<'<-.
IiiNiirance.
HOME
OFFICE OF THB
WALTER & KROHN,
Company
Insurance
OFFICE, 119 BROADWAY.
CONDITION OF THE COM I'ANY ON THE F1H8T
DAY OF JULY, 1879.
$3,000,000
1,728,217
220,210
1,179,594
Reserve for Kc-tnsurnnce
Co.
Reserve for Unpaid Losses
NetSurplua
SUMMARY OF
in the
MENT
00
00
20
48
ASSETS
United States, available tor the
PAY-
of LOSSES by UltK and for the protection of Pollcy-Holders of KIKE INSURANCE:
New
in Banks
Bonds and mortgages,
Cash
York, JU&"lry
28, 1879.
The Trustees, in conformity to tho Charter of the
Company, submit the following Statement of lu
on the 31st December, 1878:
Premiums received on Marine Risks,
from 1st January, 1873, to 81st December, 1S78
$4,009,309 47
Premiums on policies not mirkcd off
affairs
1st
January, 1878
No
policies
been issued upot
nor upon Fire, discon-
;
$8,128,021 74
CHAS.
J
Dividend of FIVE PER
on demand.
OM
wise
pany, estimated at
619,034 50
BillB Receivable.'
amonnt of Assets.TUT 7T.
1,529,259 74
;
881,210 92
. .
$13,330,463 16
the outstanding
be paid to the holders
on and after
Tuesday, the 4th of February next.
certificates of profits will
thereof, or their regal representatives,
The Outstanding Certificates of the Issue
NEW
*tu of
May
de-
be issued on and after Tuesday, the
L
KOURBE * BROOK*
9T PEARL STREET,
NEW
YORK.
Future orders promptly executed
W. Lamkin &
D.
Co.,
Cotton Factors,
VICRSBURG, MISS.
Orders to Purchase Cotton In our market sollolteo
Refer to Messrs. THOMAS J. SLAUGHTER. New
York
John
&
F. Wheless
corroN
Co.,
Special attention given to Spinners' orders.
spoauence
Corre
solicited.
Hkfkkkkcks. -Third and Fourth National Banks
Proprietors of Tint Ciikoniclk.
Wm.
twelve months.
For passage and freight apply to
Felix Alexander,
COTTON BROKER,
YORK. AND HAVRE.
LABH
AUGUSTA, GEORGIA.
Entire attention given to purchase of COTTON on
for SPINNERS and EXPORTERS
COKRKBPONDKNOK SOLICITED.
References :— National Bank of Augusta, Georgia
ORDER
Henry Hentx & Co., Commission Merchants New
York; William B.Dana ft Co., Proprietors
cial and Financial Chhonicls, and other New
Yoi k Houses
Comn
LOUIS DE BEBIAN,
Miscellaneous.
Agent, 55 Broadway.
thereon will cease. The certificates to
at the time of payment and cancelled.
next.
Tainter,
GENERAL COTTON MERCHANTS,
(Buecetsers to
NASHVILLE, TENNESSEE.
vessels on this favorite route for the
Continent— cabins provided with electric bells— will
sail from Pier (new) No. 42 North River, foot of
Morton street, as follows :
Wed., Nov. 26, 3 P. M.
CANADA. Franguel
Wed.. Dec. 10, 2 P. M.
A DOR, Samrticr
Wed.. Dec. 24. 2 P. M.
AMERIOUK, B. Joucla
PRtCE OK PASSAGE, (Including wine;
To Havre— First cabin, $100; second cablif, $65:
third cabin, $35: steerage, $28, including wine, bedding and utensils.
.
Return tickets at very reduced rates, available for
Wire R
Atlas Mail Line.
he produced
is
&
Waldron
The splendid
and after
Tuesday, the 4th of February next, from which date
Dividend of Thirty per cent,
In Store.
COMMISSION MERCHANTS,
¥
L,
BZTWKBN
thereof, or their legal representatives, on
certificates will
has been de-
Mail Steamships,
of 1875 will be redeemed and paid to the holders
clared on the net earned premiums of the Company,
for the year ending 31st December, 1878, for which
made on COTTON
The Wencral Trans-Atlanlic Oxiipani'
701,200 00
Six per cent. Interest on
Libera] Advances
anil
Beal estate and claims due the Com-
A
CENT
Direct Line to France.
New York
Bank and other stocks. $10,086,758 00
Loans secured by Stacks, and other-
Co.,
Secretary.
assets, vhs.8
Stock, City,
all interest
President.
4,186,024 92
United States and State of
Total
MARTIN,
WASHBURN,
II.
54
Steamships.
Losses paid during '.he
sane period
$2,012,784 45
Return' of Premiums and
Expenses. .. $859,960 58
Premium Notes and
Cash in Bank
J.
&
MERCHANTS AND BANKERS,
BROAD STREET, NEW YORR
00
25
en
26
clared, payable
Premiums marked off from 1st January, 1878,to 8Ut December, 1878....
The Company has the following
lHU,57r> OO
235,778 00
141,170
55.17S
163.505
»5,921
.
8,734 24
Total
A
Risks
nected with Marine, Risks
Lift'
1,928,236 64
8,219.500 00
cies issued at this office
Ja,8J8,006 83
hJ»'.*e
on
United States stocks (market value)
Bank stocks (market value)
State and municipal b'ds (market value)
Loans on Btocks, payable on demand
(market value of securities »21(S,S67)..
Interest due on 1st July, 1»7»
Balance In hands of agents
Heal estate
Premiums due and uncollected on poli-
i
R. M. Waters
t«2,422 67
being; first lien
real estate (worth *4,ltl7,<5ou)
1,818,697 34
Total amount of Marine Premiums.
it i.i
it
$6,128,021 74
Total Assets
Held
\ \ I
>
BBOWINO TUE
CASH CAPITAL
Insurance
(3
Fifty-Second Semi-annual Statement
ATL ANTI C
Mutual
COTTON BROKERS,
in.
si
NBW yoBE,
OF NEW YORK,
o p e
.
BTEEL AND CHARCOAL
IKON of raporlor quality
suitable for MINING AN»
HOISTING PURPOSES, in
For West Indies and South America, Calling at
the following ports, viz.: Kingston (Jam.), Cape
Hayti, GonaTves, St. Marc, Port au Prince, Aux
Caves and Jacmel, in Huyti Santa Martha, Savanllla, Carthagena and Aspinwall, in Colombia; and
Greytown, Nicaragua.
Regular -Fortnightly Sailings from Pier No. 51
North River as follows
Kor Kingston. (Jam.,) and South Hayti
Nov. 27 ALPS
ATLAS
Kor Hayti, Colombia. Greytown, Colon, Panama, and
;
cllned Planes, Transmission
of Power, Ac.
Alio Gal
vanned Charcoal and BBfor
:
By
order of the Board,
Chips' Klgging. Snftoenslon
Bridges, Derrick Gi ys, Ferry
Hopes, Ac
A large stock
constantly on hand from
which anr desired length,
are cut. FLAT STEEL
IRON HOPES for Mining
purposes manufactured to
order.
I
J. II.
CHAPMAN, Secretary.
South l'aciflc Ports
Nov. 26 AIL8A
Kor Porto Rico—CLAR1BRL, Dec. —
Superior flrst-clasa passenger accommodations.
ANDES
|
P1M, FORWOOl) &
TlttlSTEESs
3. D. Jones,
Charles Dennis,
W.
Lewis Curtis,
James Low,
Gordon W. Botnham,
II.
H. Moore,
Charles II. Russell,
David Lane,
Francis Skiddy,
Adolph Lcmoyne,
William E. Dodge,
Thomas F. Youngs,
Wm.
Sturgis,
Josiah O. Low,
Charles P. Burdett,
Royal Phelps,
C. A Hand,
William H. Webb,
Horace Gray,
Edmund W.
John
John D. Hewlett,
Corlies,
Alexander V. Blake,
Charles
II.
Marshall,
Robert T. Stuart,
Frederick Chauncey,
William Bryce,
Peter V. King,
Horace K. Thurber,
William Degroot,
J. D.
Elliott,
Robert B. Minturn,
George W. Lane,
James G. DeForest,
Charles D. Leverich,
William H. Fogg,
Thomas B. Coddington,
A. A. Raven,
Benjamin H. Field.
JONES,
President.
AND
CO., Agents,
No. 37 Wall Street
JOHN W
i:t
.
iflASON
A-
CO.,
Broadway, New York.
MANHATTAN RAILWAY COMPANY,
SIXTH AVENUE LINE.
OPEN FROM 5:30 A. M. TO 18 P. M.
Rector Street— Nearest point for Wall 8t. Ferry
and connects with the cars for South Kerry. Cortlandt Street -Nearest point fur Jersey City and Communlpaw Kerries. Park Place. Chambers Street
Franklin Street. Grand Street. Bleecker StreetConnects with ears for East and West. 8th Street
14th Street.
for
58th Street. 53d Streel ami sth Ave. atithst.and
9lh Ave. 72d Street and 9th Ave. 81st Street and
9th Ave. 93d Street ami 9th Ave. 104th Street and
9th Ave. Kor up-town trains take east side stations
Kor down-town trains take west side stations.
Trains will run to 5Hth stieet and oth uve. ar.«
104th Jtreet and 9th ave. alternately.
Sunday trains from 12:30 P. M. till 12 midnight.
KAUK TEN CENTS,
Except between the hours of
band
M.
VAN
7 P.
M
when the
WM.
BROCKI.1N,
5:30
fare
and
Is
7:30
A.M. an
Five Cents.
GARRISON,
President
Superintendent.
R.
UN.
42d Street-
33d Street.
23d Street.
New York Transfer Company's cab
Grand Central Depot. 50th Street and oth Ave
Connects with
jftlfl
GOLD MEDAL,
*
Sis
PARIS, 1878.
Celebrated yumbers,
303-404- 70-35 -332,
1
1
and hit other stylo may be had of all dealers
*.
throughout the world.
Joseph Gillott & Sons.
New York.
of SCTPIKIOR ENGMBH MAKS. 25
Samples of our leading styles, for
trial. Including the famous "U"
and "KALCOS" Pens, by mall, on
receipt of 88 cents. Ask jour Sta-
CHARLES DENNIS, Vice-President,
W. H. H. MOORE, Jd Vice-President.
tioner for PERRY'S PENS.
Msiiii,lll;ikii]i;iM,l!iyliir
A,
Sole AKoiitsfori'.S,
A RAVEN, $4 Vice-PiMideat, ^
New
>\
in
York.
I
VI
HE CHRONICLE^
Woodward &
Stillman,
SEAMEN'S BANK BUILDING,
&
YORK.
GENERAL COMMISSION MERCHANTS
uOANS JIADK ON ACCEPTABIB
SEC IK IT V.
INMAN,SWANN&Co
Cotton Exchange Building,
Special attention paid to the execution of orders for
the purchase or sale of contracts for fntnre delivery
York.
E.
&
Jemison
S.
(Successors to
MOODT
BANKERS, COTTON FACTORS
8ENERAL COMMISSION MERCHANTS,
No. 123 Pearl Street, New York.
Advances made on Consignments
Future Con.
Cotton bought and sold on CommlsBlon.li
tracts for
Sew Torn and
Liverpool.
LOANS MADE ON
SOUTHERN SECURITIES.
COTTON BROKERS,
No. 146 Pearl Street, near Wall, N. 1
established (in Tontine Building) 1H1.
of cotton.
&
Henry Hentz
Co.,
Fielding,
Gwynn & Co.,
u 111 William
Si)
Advances made on Consignments
COTTON FACTORS
FINLAY, milt &
COMMISSION MERCHANTS,
and sold on Commission
B.
Wm. Moiir. Clemens Fischer, H. w.Haxbmaxx,
Son of J. T, Hanemann,
late of Knoop, Hanemann & Co.
COTTOX BROKERS,
123 PEARL STREET,
OR-
Special attention piven to the execution of
iBBAHAM &
New Cleans, La.
LKIIMAX,
Lehman, Dckr &
CO.,
po.,
Montgomery, Ala*
LEHMAN BRO'S,
Cotton AND Factors
BOSTON, MASS.,
Works at
Okiest, L.
The
OFFER THEIR STANDARD BRANDS
"EUREKA"
« ORIENT COMPLETE MANURE."
pendents in Liverpool, Messrs. B. NewgasB
andMesBrB
L.
Rosenheim
Schroeder
&
&
&
Johnston,
WARE, IHKI'HV &
CO.,
COTTON COMMISSION MERCHANTS,
111 Pearl Street, New York.
Special attention paid to the execution of orders
tfor the purchase or sale of contracts for future de
livery of cotton. Liberal advances made on con
4 gnment s
G.
Pres't,
Crenshaw warehouse,
Richmond, Va.
^_^
SUCCESSORS TO
251,499 CO-
losses, etc
NET SURPLUS, Jan. 1,
\o. 2 Cortlandt
HTW. &
A. L. Pierce
Civil Engineers
&
&
Co.,
Real Estate Agents,
YH'KSUUKG,
North
132 Pearl
O Box
Street,
New York.
3,909.
Advances made on Consignment?
Special personal attention to the purchase and sale
r CONTRACTS
FOR FUTURE DELIVERS" "OF
COTTON.
•r
'
&
H. Tileston
COTTON,
ft
•
85
STOCKS,
WILLIAM STREET,
Orders in " Futures" executed
Bennet
&
Co.,
BONDS, Ac,
NEW YORK.
at
N.Y.Cotton Exch.
Foulke,
COMMISSION MERCHANTS,
121 PEARL STREET,
NEW
YORK.
* tipecial attention given to the execution of orders
for the purchase or sale of Contracts for Future
Delivery.
York.
A sent.
Co.
Ins.
LONDON AND EDINRFRGII.
United States Board of Management,
E. P.
Hon.
FABBRI,
Esq. (urexel,
:
Morgan &Cc.)
CHITTENDEN.
S. B.
J. J.
ASTOK,
Esq.
Esq.
CHAS. E. WHITE, SAM.
P.
BLAGDEN,
MANAGERS,
Purchase, vile, entry and redemption of lands and
payment of taxes for non-residents attended to.
Information as to value and local advantage of
lands furnished. Our field of operation embraces
the States of Louisiana and Mississippi.
FINANCIAL, AGENTS,
E.
New
British
Mercantile
ITIISS.
J.
COTTON FACTORS,
COMMISSION MERCHANTS,
AND
St.,
4,868,68= 83
$2,045,458 94
EZRA WHITE.
Farley, RAILS, PIG IRON & METALS.
Philip S. Justice,
14 SOUTHAMPTON BUILDINGS,
H.
1879..
ALEXANDER,
J AS. A.
Office
54 William
St.,
New York.
Liverpool
i
.
t-5
NEW YORK
Co.
Sons.
1,017, 189
SOLON HUMPHREYS, Ch'r'n.(E. D.Morgan & Co
DAVID DOWS, Esq. (David Dow6 & Co.)
W.
In
...
CRENSHAW,
And want
Exchanges
i^,ooo,ono 00
Re-insurance fund.
&
86,914,147 79
1879.
1,
Capital....
a good working agent in every thriving
cotton-growing county. Apply (with reference) to
New
urKana intor>«»! as* gjvaaut made on Cotton
and other produce consigned to us, or to our corre-
ferners executed at the Cotton
Lime,
and
York.
Total Assets, January
Virginia
Ammonuted Bone Superphosphate of
EXCHANGE PLACE,
New
&
Fertilizing Co.
COMMISSION MERCHANTS,
40
Atlantic
Company
OF HARTFORD.
Unpaid
"EUKF.KA"
"ORIENT."
I
.(ETNA
Insurance
Agencies for the purchase of Cotton at all of the
principal Southern Markets.
LA.
Insurant'!-.
CO.),
COTTON BUYERS AND BROKERS,
NO. 95 WATER 8TRFFT,
DERS FOR FUTURE CONTRACTS.
NEW YORK.
NEW ORLEANS,
,
Almy & Co.
GRAY &
STREET.
I.
L. F. Berje,
Receive consignments of Cotton and other Producr.
and execute orders at the Exchanges in LIverpocl.
Represented In New York at the omce of
BABCOCK BROTHERS & CO
£0 Wall Stbkkt.
Co.,
COTTON BUYER A COMMISSION MERCHANT
COMMISSION MERCHANTS,
(Successors to
YORK.
PEA It
136
IT Water Street, LIA'ERPCOL,
Mohr, Hanemann & Co.,
NEW
&
COTTON BROKERS,
Y.
street, N.
F.BABCOCK&CO.
bought
New York and Liverpool.
in
140 Pearl
CO.,
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOR COTTON
New York.
Geo. Copeland
to
Also execute orders for Merchandise through
Messrs.
street.
Orders for Spot Cotton and Futures promptly exe
cited
York.
Messrs. JAMES FINI.AY A: CO.,
LIVERPOOL, LONDON AND GLASGOW.
Co.,
COTTON BROKERS,
117 Pearl
New
St.,
&
Dennis Perkins
GENERAL
COMMISSION MERCHANTS,
8
Co.,
JEMISON),
ft
Tames F. Wenman & Co.
made on Consignments.
libera' odvantes
New
101 Pearl Street,
15, 1879.
Cotton.
COTTON
COMMISSION MERCHANTS,
76 Wall Street,
NEW
[November
Cotton.
Cotton.
No*. 74
,.
,
.
London
&
& Globe
Insurance Company^
Chancery lane,
45 William St.
LONDON, ENGLAND.
The advertiser offers his services (strictly on commission) to large buyers of
Old or
New
Ralls,
Pig
J.
E.
PFLSFORD,
:iron,
Resident Manager.
Sheets,
Ores and Metals
generally, with use of his cable code for terms and
quotations, and 25 years' experience in English
C-ommera'a/
Metal Markets.
Terms and references given on direct application,
or through J. HOWARD MITCHELL,
No. Fifth
Street, Philadelphia; or A. T. CHUR, 78 Broadwav,
Ne w York.
U
MANCHESTER
Locomotive
Works,
Union
ALFRED
MANCHESTER, N. H.
ARETAS BLOOD, TV. *i. MEANS,
T-«i«urer,
40
Watir
street,
Uoston
LsO.
[OF LONDON),
MANUFACTURE SS OF
Locomotives and Amoskeag Steam
Fire Engines,
Superintendent,
Manchester, N "i
Ins.
PELL,
Resident Manager,
SY
&
39 Wall Street
@FedFRASER