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fmrntiiV
xmm
HUNT'S MERCHANTS' MAGAZINEBEPRKSENTiNG THE COMMERCIAL
VOL.
AND INDUSTRIAL INTERESTS OP TUB UNITED STATES
NEW YORK NOVEMBER
2..
Financial.
FiiiHnciul.
John
National Bank-Note Co.,
UNCORPOUATKD
OFFICE, No.
1
WALI. STREET,
Engraving: and Printing
I'Idte
No. 59
CORPORATION BOND:-,
RTIFICATES OF STOCK. BILLS OF EXCHANGE
POSTAGE AND REVENUE STAMPS,
PROPKlErAnr AND TBADE-MAUK STAMPS
'
Style of the Art.
In the UiKhest
Hteenardii
to
prcTeut
J.
with
special
Counterfeiting and
S.
New
Bny and
BAILAVAY,
CO!II:TIERCIJlI.
GENERAL PRINTINC
AND
lUILWAY TICKETS in OXE, IWO, THREE or
MORE COLORS and numbered ComecuUvely.
S UMBER ED LOCAL A.VD COUPON TICKETS
Any
Size,
PHtern,
Style
or Device,
WITH STEEL, PLATE TINTS.
J. H. V.\N ANTWERP, Pres't.
J.
M.lCDONOrcH,
A. n.
Prett.
Sam'i, Phiu.d-8, Caatiler.
Maverick National Bank,
BOSTON.
Capital,
Snrplus,
.
$400,000
300,000
Special attention given to COLLECTIONS, and
ro'npt remittancea made on day of payment.
BoitOQ boBlneas paper dlacounted. Correapondence
R. A. Lancaster & Co.,
BANKERS AND BROKERS,
6« BROADWAY, NEW YORK,
DXALKKS ty
FIrat-Claaa luveatment Securltle*.
eOVERNMENT BONUS, STATE. CITY, COUNTy,
HAILROAD & MISCELLANEOUS SECURITIES
Bought and Sold on Commission.
Virginia Tax-IiectivabU Coupon* BougM.
aoOlBEBlf SECURITIES A SPECIALTY.
LOANS NEGOTIATED.
No. 16 W^all Street.
Traniact a general banking and brol^^_^°lne
Kallway shares and bonds, Governi^i~"!S5rltte»
and Gold.
Interest allowed dh deposits.
. IPTestmenta carefully attended to.
U
Charles G. Johnsen,
nERCHANT
ABiD
BANKER,
B-W OBIiCAIfS, LA.
Hank
London,
S
HAMBURG.
63
&
Trask
Co.,
Francis,
BANKERS AND BROKERS.
TO Broadwar
4c
IS
New
St.,
New York
Transact a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold oa
Commlsalua. and carried on Margins.
Deposits Received and Interest Allowed.
Accounts of Country Banks and Bankers ra
York.
tW
eelved
on favorable terms.
<
Hilmers,McGowan & Co
BROKERS
IN
FOREIGN EXCHANGE AND GOLD,
63 Wall Street, New York.
(P. O.
BOX
J,»|-.)
Coa
Special attention paid to Uis Begatlattoa e(
merelal
Kountze Brothers,
&
R. T. V^ilson
BANKERS AND COMMISSION MERCHANTS
3 Erchanse Court, New York.
Co.,
Accounts and Agency of Banks, Corporations,
firms and Individuals 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.
Funds carefully Invested In Western farm mortgages, and the Interest collected.
an4
of Hambarjc
iLlnilted.)
IN
E
PI TIS BURGH, PESH.
BANKERS,
William Street, New
Co.,
EUROPE.'
JOHN BERENBERG, GOSSLER A CO
H O U
PE.\y.,
&
&
sut« Street
noRHKSPONDKNTS OF
International
kills.
WALaTON
H.
BBOWN.
rasD. A. BBOwv.
BANKERS,
13
WALI. STREET,
NEW YORK, WalstonH.Brown&Bro.
*
I.»ue Commercial and Travelers* Credits available
la all paru of :he world. Draw Time and Sight Bllla
on the Union l ank of London, and on the Credit
Lyunnals, at Lyons or Parts. .'.Iske Cnble Transfer!.
Oilman, Son
63
In addition lo a General
sell
&
Co.,
34
York.
SPKCLAL ATTENTION GIVKN TO THE NBaOTlA
TION OF
RAILROAD SBOVRITIBS.
.
Banking Business, buy and
Government Bonds and Investment
McKim
Brothcis
BANKER ,:
47 Wall Street,
ew
Securities.
&
Co.,
CA^K ECo.
R
BA
York.
COR.
Smith
BANKERS,
Pine Street, New
BANKERS,
CEDAR STREET,
&
Hunnaman,
i\
i»
,
OF WALL STREET AND BBOAIIWAT
"'
*'
•
'
New York.
Transact a General Banking Bualsesa, taclodbic tba
INDIANAPOLIS, INDIANA,
INVESTING AGENTS
lee QRAVISB STREST,
TO
GOSSLER
All business relating to the Construetlon and Equipmeat of Haltroads undertaken.
Gwynne & Day,
[Batablished 1B54.]
BOSTON.
Pearl Street.
ST.,
Edgar Tiiompson Steel Co. (Limited),
Vlce-Pre»'t.
rrcasnrer.
JNO. E. CL'RRIER, Secretarf.
134
York.
Paton
YORK,
NEW YORK,
Co.,
Cambria Tron Company,
SUEP VRD,
A*A p. FOTTis.
NEW
Ka:iroad Investment Securities. Col.
lect Coupons and Dividends. Negotiate Loana and
draw Bills of Exchange on London.
Agenu for the sale of STEEL KAILS made by the
Jesup,
Co.,
EXCHANUE PLACE,
S3
Transact a General Banking and Brokerage Bostners In Kallway Share! and Bondi, G^remmeat
Becnrltles and Gold.
Attention given to Mlscellaneona Pefrnrltlet.
sell
JOBXSTOWS,
&
D. Probst
J.
York.
&
Kennedy
41 CKDAU. COR. WILLIAM
SBCUKITY PLATE PRiyTING.
SAFETY TtSTS.
SAFETY PAPERS.
-
Son,
BJNK£RS AND MERCHANTS,
AlteratloiiH.
•*
&
Cisco
BANKKRS.
W^all Street, New
DEPOSITS RECEIVED SUBJECT TO CHECK AT
AND INTEKEsT ALLOWED ON DAILY
BALANCES.
GOVERN.MRNT BOND?, GOT D, FTnCKS AND
ALL INVEST.MKNT SECURITIES BOUGHT AND
SOLD ON COMMISSION.
BASK NOTES, OUVEKNMENT AND
'
J.
699.
Financial.
SIGHT,
1859)
:VEW YORK.
Steel
NO.
16, 1878.
JOI
INDIANA AND ODIO
purchaaa and sale of STOCKS,
BONOS
and
GOLD
for cash or on a margin.
Inreatment Secniitlea For Sale
r. O. BOX 1,M7.
A. H.
KIDDU.
C. yf MolMj,iJt. Jl.
:W. TBAak
:
:
r
THE CHRONICLE
[Vol. XXVII,
Canadian JBank§.
&
Morgan
Orexel,
Co.,
Canadian Banks.
Bank of Montreal.
Imperial Bank of Canad;
WALI. STREET,
Capital,
CORNER OP BROAD, NEW TOBK.
Drexel
&
&
Drexel, Harjes
Co.,
No. 34 South Thibd St.
31
Co
Boulerard Haussmann
CAPITAL,
SURPLUS,
-
GEORGE STEPHEN,
PblladelpUla.
DOMESTIC AND FOREIGN BANKERS.
DepOBjts received subject to Draft. SecurltieB, Gold.
sold on Conimlseion. Interest allowefl
on DepoF<its. Foreign Kxcbaage. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available in all parts of the world.
Ac, bought and
Attornets and Agents of
niestirs. J. 8.
dc CO.,
mORCAN
OLD BROAD
No. 22
LONDON.
ST.,
$12,000,000, Gold.
5,SOO,eOO, Gold.
-
R. B.
&
Brothers
Co.,
No. 59 TTAI.!. ST., N. ¥.,
Issue, against cash deposited, or satisfactory guaran.
tee of repayment, Circular Credits for Travelers, In
dollars for use In the United States and adjacent
countries, and in pounds Stirling for use in any part
of the world.
THEY ALSO
ISSUE COMMERCIAL CREDITS
MAKE CABLE TKANSFEKS OF MONET BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IBELAND.
&
G.
S.
G. C. Ward,
A6KNT8 FOB
BARINO BROTHERS
A:
COMPANT,
WALL
STREET. NEW YORK.
28 STATE STREET, BOSTON.
6a
J.
&
Stuart
J.
&
Smithkks,
)
«„.„,„
Waltee Watson, j -^-Kenis.
Sterling Exchange, Francs and Cable
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.
eell
London
rates; also Cable Transfers.
Demand Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MacTAVISH, ( .„„„,.
Agents.
WM. LaWSON,
Bank
;•
BELFAST, IRELAND;
BANK OP
93
I
Lombard
.
-
Sells Sterling
$6,000,000 Gold.
$1,900,000 Gold.
Exchange, and makes Cable
.1.
H.
GOADBY.f*^*""-
Merchants' Bank
C A W A D A.
Wall
59
street.
The Bank of Torontc
CANADA.
Capital,
Duncan Coulson, Cashier Hugh Leach, Asst. Cae
Branches at Montreal, Peterboro, Cobourg, Port Hoi
;
Barrle, St. Catharines, (Jolllngwood.
BANKERS:
London, England.— The City Bank.
Bank of Commerce,
nhw
Haw Yrtpir
lOBK. i National
j j._ J, s„iti,ers and W. Watson,.
Collections made on the best terms.
Foreign Bankers.
Nederlandsch Indische
Handelsbank,
AMSTERDAM, HOLLAND
ESTABLISHED IN
J.
1863.
Pald'Up Capital, 18,000,000 GuUden
($4,800,000 Gold.)
Head
Amsterdam. Agencies in Batavt
Soerabaya and Samarang. Correspondents
In Padang.
Office In
1
NEW YORK CORRESPONDENTS,
Messrs.
|
I
RLAKE BROTHERS &
C<
Adolph Boissevain & Co
BANKERS
and
COminiSSION inERCHANT!«
AMSTERDAM, HOLLAND
N. Y. Correspondents.— Messrs.
OFFICE, mONTREAL.
WM.
$1,000.00
OFFICE, TORONTO.
BLAKE
BROS. A
Ci
-
.
HEAD
Reserve,
$2,000,000.
HEAD
$5,461,790, Paid Up.
President, the Hon. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Es(j.
-
GEORGE HAGUE,
General Manager.
Asst. General Manager.
Banque
Centrale
Anversoise*
INUuaM,
Bank of the Republic.
The New York Agency buys and sells Sterling Exchange, Cable Transfers and Gold, issues Creditu
available in all parts of the world, makes collections
in Canada nnd elsewhere, and issues Drafts payable
at any of the offices of the bank in Canada
l5emand
drafla issued payable in Scotland and Ireland, and
every description of foreign banking business under-
\
Antwerp.
BANKERS.
LONDON, ENG —The Clydesdale Banking Co.
Lichtenstein, NEW
YOKK-The Bank of New iorli,N.l!. A
St., cor.
In New York
Bank of Montreal,
Agents
street.
Promptest attention paid to collections payable
any part of Canada.
Apnroved Canadian business paper, payable In go
or currency, discounted on reasonable terms, a.
proceeds remitted to any part of the United States
gold or currency draft on New York.
Commercial Credits available everywhere.
Capital,
;
BANKERS,
National
Exchange Place,
YORK.
MaEe Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Lettera oi
1
-
Transfers of Money,
SCOTI.ANS,
Knoblauch
NEW
Agents In London
BosANQUKT, Salt & Co.,
OF
ALSO,
9
CABLE TRAN8,rEBS AND LETTERS OF CREDIT
89 WlUiani
TTALL STREET.
-
ON THB
EDInIcKG, and BRANCHES
&
Buys and
Commerce,
of
.....
Surplas,
issues
Caslll
WALL STREET.
No. 52
Commercial Credits issued for use In Eurepe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
Capital,
ic
;
NATIONAI^
TH£
Bank of British
North America,
No. 50
SniTH'S,
BANKERS, LONDON
juanchester & counts bank,
"LIMITED;"
JOHN STUART dc CO., Bankers,
MANCHESTER, PAYABLE IN LONDON
ULSTER BANKING COMPANY,
JJSD
No. 9 Blrcbln Lane.
The Canadian
NASSAU STREET.
BILLS OF EXCHANGE ON
SniTB, PA¥NE
Office,
AGEIVCV OF
33
WILKIE,
D. «.
;
i
Co.,
;
OFFICE, TORONTO.
Dealers In American Currency and Sterling Exchang
General Manager
;
Brown
HEAD
ANGUS,
C. F.
Bny and
$1,000,000.
HOWLAND, President
Beakohbs:— ST. CATHERINES, PORT COLBOEN
ST. THOMAS, DTGEKSOLL, WELLAND.
Si.
Transfers
S.
President.
NEW YORK OFFlCh,
59
61 AVALL STREET.
Nos.
H.
Credit
principal cities of Europe.
SPECIAL PABTNEK,
Berlin.
DEUTSCHE BANK,
taken.
New York Agency, No.
with
ITIetsrs.
S2 William St.,
JESUP, PATON &. CO.
Paid-up Capital,
-
-
9,000>000 Francsi
BOARD OF DIRECTORH:
\
Fklix Gbtbar, President.
ALFKKD Maquinay (Graff & MaQulnay), Vlce*Pre
J. K. Von tkk Bbcke (B. Von derbecke).
Otto Gunthbr (Cornellle-Davld).
Kmii.k dk Gottal.
\
\
.
i
AD. Frank (Frank, Model & Cle.)
Aug. Ndttkbohm (Notiebohm Freres).
F». 1)H\NI8 (MIchlels-Loofi).
JoH. Oan Fcukmann, Jr. (Joh. Dan. Fuhrmann).!
Louis Wkbkr (Ed. v> eber & c;ie.)
(
I
;
'
J.
& W. Seligman & Co.,
Exchange Bank
OF CANADA,
BANKERS,
S9 EXCHANOK PLiACK,
CORNER BROAD BTBBBT, NEW YORK.
Issue Letters of Credit for TrarelerS)
Fayable In any part of Europe, Asia, Africa, Anatralla
America.
Capital Paid
HEAD
M. H.
GAULT,
nd
Draw Bills of Exckange and make telegraphic transmoney on Europe and California.
fers of
John Munroe
&
inUNROE &
CO., PARIS.
BTERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
AKiEXANDERS A: CO., LONDON.
AJTO
$1,000,000.
CMDITB FOB TBATiLKBS.
I
'
A
GKNERAI. BANKING
BUSINM^SHx
OFFICE, MONTREAL.
Pres't.
C. R.
MURRAY, Cashier.
Henry
Hajolton, Ont.; Aylmkk, Ont.; Fabk Hiu, Omt.;
Buoroao, P. Q.
M
KKK
in all parts of the
HaUfai.
LONDON.— The Alliance Bank (Limited).
MEW YORK.—The National Bank of Commerce.
Messrs. Hllmers, McGowan & Co.
CHICAGO.—Union National BanX.
BUFFALO.— Bank of Buffalo.
Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
Collections made promptly and remitted tor at lowest rates
S
45 Palt iUall« iLoucSou,
iBBaeCIUCULAU ^OTKB
(CITY).—Owen Murphy.
NOVA SCOTLA.— Merchants' Bank of
FOREION AOENTS
&
King
S.
UA
BRANOnhS:
QUEBEC
& Cle.)
(C. ticliiuld
TRANSACTS
AGESTS:
Co.,
No, 8 Wall Street, New York,
No. 4 Post Office Sqnare, Boston.
CHEQUES AND CABLE TRANSFERS ON
CHOflJ^B NOTXB
Up
Jci^B Kautsmstkauch
freeof
Co.,
,
ft!:u:j;lai«(t«
1
cHavge,iiyvil%i.»\
vorld.
Grant COMMERCIAJL,
CBKDITS
tor ase
Kffaui'^
ConBlgninentB of Merchandise.
I
Kzecute Orders on the London Stock Bidiango
Make
CollectlonB on
all
Points.
Ucceire Deponli
and Current Accounts on favorable terms, and do
General Ijondon and Foreign Banking BuslneBS.
I
'
KING, BAIIil^IB A, €Om l-lverppoll
NEW YORK CORRKSPONDENTS.
Messrs.
WARD, OAmPBELIi &
€0<
Nov KM men
10, 1878.
THE CHRONICLE.
J
Southern Banken.
Boston Banker*.
race. r. aiLLss,
I
CAPITA L,
-
*500 000.
-
8TKPIIKN M. CKOHIIV.
OE^. Wi;01)3 KICK.
TreaHurcr.
rre«l(lunt.
Wrtneat.
Oorrospondmits.
fork;
Allow iNieRKaT on
naturlljr of luana.
New
H. Peck,
'
araioca Victory ntg
New
B«nk,
Orleani
Fran Varlaas
J.
EXCHANOB PLACE,
np
Capital, paid
Surplus,
..
$10,000,000 Gold.
&
3,500,000
*'
st.
Turner
BrinckerhofT,
Co.,
)C*avftt«tar*n ADd Utaler* l«
COTTONSAILPUCK
And
(Invested In
U.S.Bonds)
BOSTON.
IH>«TON.
Mcsausimt
PHILADKLTHfA,
• W. DATTON, me CsaarsirrSTSssT.
Wall Street
Ajrency, 68
Mills.
NBW VOUK,
M WniTS Stbsbt.
BaLk
;
C*.,
ANP
The Nevada Bank
New York
yitg C».,
Hoslerr, Mbiro and lirawers
OF SAN FRANCISCO.
HANKEB AND BROKER,
No. 7
American
K K T » r <> n
.villla, a'hlrapss
II
.\tlanile «:oi|aa nills,
California Banks.
CORRBSPONOBNCB SOLICITED.
F.
— Uarman
National Bank.
I.oiilshiiin
prcpiymoDUIn parlor
payment* made before
all
A
WashltiKtoM
lliirlliiKioii tVoolsu t'e.,
Ullsriuii Ntitv .Tlllla,
>f Llvorpool. Liverpool.
Lowu made rrON timr on Ktaple MprchandUe,
ilBberupon bills of Lading <>r Wiirt-huUHc Uccolpta.
IzcntKoi of t'ollatorkl.or
for entire luniii altowod.
E.R.Mudgc,Sawyer&Co
Speolal atient/on paid to collrcllons, wita prompt
remltunceaat earreui rataa of exolianira an d«y of
1870.
lii
Co.,
mOBILE, ALAHAltlA.
BOSTON.
hartored
<
&
BANK BRH,
POST OFPIOK SQUARE.
CoMBMretai Cards.
» s, wnT,iAM«. jso, w. siLLsr,
cnta. s. KILLS*.
Massachusetts
Loan & Trust Company, Thos. P. Miller
No. 18
uJ
kinds of
all
OOTTON CAMVAB. FKI.TINU DUCK, CAHOOVBR
UIO, BAOOINO. KA VKNS DUCK, BAIL TWUiaS
*C. "UNTAKIO SKAMI.KH8 BAU«,
'
C. T.
C. C. Jackson,
CHRISTENSEN,
I
.
GEORGE
™„t,
L. BRANDER, 1
laaue Commercial and Traveler!' Credlta available
In any part of the world. Draws Exebsnse, Foreign
and Inland, and makes Trans. era of Honey by Tele-
STOCK BROKER,
SiranONS' BriLDING,
BoKton, maNM.
AWHrWO
'
8TRIPKS.'
AKenu
Also,
United States Banllnc Company,
A
f-jll
supply
graph and Cable. Gives special attentUn to Gold and
Silver Bullion and Specie, and to California Collections and Securities and arranges to pay Dividends
on such aecurltles at due dates.
Widths and Colors alaaf
all
N*. 100
nnan*
&
;
aio.
Wx.
GxoBSi H. Holt,
Member N. Y. Stock Exchange.
B^LLOtr.
Geo.Wni.Ballou&Co
8
WALL STREET,
New
12
DEVONSHIRE
SMITH,
l
ST.,
HO
Capital, Paid dt in Gold, $5,000,000.
BANKERS AND DEALERS IN
WM. ALVOKD, President. TH0MA3 BROWN, Cash'r
B. MCRRAY, Jh., Asst. Cashier
Municipal Bonds.
Laidlaw & Co.,
CxxTRAL Strut.
&
Co.,
BANKERS,
Head
Receive deposits and transact a general banking
boalnesB execute orders at the N. Y. Stock Exchange
for Stocks, Government, State, Municipal and Railroad Bonds and Gold.
rONGBB»l8 STREET,
Boaluu, tnacK.
Bonda, Oold and Commercial
Dealer! In Btocki.
oaper.
CommUalon
OrderB ezecuted on
Board
at Brokers
Anetloni,and Prlraite Sale.
Lnveitment Secnrltlea conataothrnn hanit.
Parker
8.
UAN&BBS,
IB
(LIMITED),
Western
Sell
and
City
CoDntr Bonds.
Agents, J.
W. SeU(;man Jk
<&
Authorized Capital, •
Paid-up and Reserve,
BANK1»»
STATE STREET, BOSTON.
OBALBBS in GOVEUXMEN'T
SECCr.ilTIES, aoid
CltT, Gonnty ar.d lUtlroad Bonds.
&
•
-
Co.,
BANEKB8 AND BKUKitUS,
UIVBSTMENT
CorreapoDdenco
VIBOINIA SKCUHITIKS
and
H. 1
.
solicited
and
iDforixatlon
CORRSSPOKDBNTS— McKlm Brothers
a
fnr-
ft f'o.
THE CITY BANK OF HOUSTON,
Capital, $500,000,
Houston,
^We give special attention
Texas.
to collections
on
all
AttsoTORa.— Benjamin A.Botta. Pres't: C.S. Lonr
Vr. J. HutJhlne. F.A.Blce, C.C. Baldwin, W.U,
Rob't Drcwater.
BENJ. A. BOTTS, Prea't
eOM,
fcftts.
B. F. WKK.Mb, Caahler.
I. B. BBKBtleB, Pres't.
A. K. W11.KXS, Cashier.
First National Bank,
WILiniNUTON, N. C.
CollectioDS
mace on
all
Co.,
MANUFACnTRERS OF
SVPEB-CARBOXATB
SODA.
New
Old
»Ilp,
The Jobbing Trade
ONLY
No. 11
York.
Supplied.
Wire Rope.
AND
STEEL
(mARCOAL
IRON of superior quality
sniuble for MINING AND
HOISTING PURPOSES.
1>-
Brldgca,DemckOuys,FertT
Ropes, Ac.
A large stock
constantly on hand from
which any dfslrrd length
are cut. IXAT ttTEEL
IKON RUi'ES for Mining
purposes manofactured to
order.
AND
43 Broadway,
Works,
MA.\CHKSTEK,
N. U.
W^. O. WEANS,
Treasurer,
Water
street,
Also Usi
Charcoal and BBtor
Power. Ac.
i!xed
dhlps' BUrginK, Suspesaloa
A CO.
JOHN W. IHASON Nenr
%'ork.
MANUFACTURERS OF
Locomotives and Amoskeag Steam
Fire Engines,
40
&
cllned Plaaes, Trmss m lssiss
Locomotive
Superintendent,
Manchester, N. H
BOSTON.
UM.
John Dwight
$6,00n,000.
1,710,000.
Commercial Cards.
RIANCaESTER
ARE«TAS BLOOD,
N. T.
Boston
Financial.
Hatch
BANKERS,
&
No. 13
BTT
Foote,
WALL STREET,
Ain> S«LL
QOVBRNMKNT BONDS, OOLD, BTO(»8 AS
MlSCBLLANBOUS SBCURITIBS.
accea-
tfble points.
J
Co.
8t..
Parker,
Post Offlce Box
Transact a general Banking Duslness. Issue Com
mcrclal Credlta and Bills of Exchange, available In all
parts of the world. Collections and orders for Bonds,
Stocks, etc., executed upon the most favorable term>.
BAI.TIK.OBE.
ONlsUy.
St.
Watss
14 Ezchanae Place,
FKKIVK F. LOW
I m.„„.~
lONATZ STglNHART,}""***"N. LILIENTHAL. Cashier.
Southern Bankers.
Wilson, Colston
LONDON, Head Office, 3 Angel Cooit.
SAN FRANCISCO Office, 432 California
Co., NEW YORK
&
Chas. A. Sweet
40
Anglo-Californian Bank
T
5.
COMMISSION MERCHANT,
T H B
DKVONSUIKB BTRKB'X
St.,
Houk Kons.
Js.. loe
Charles E.
Issue Bills of Exchange, Letters of Credit and Telegraphic Transfers on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virginia City and San Fran-
Stackpole,
BOSTON,
Bnr and
Particular attention etven to tbe purchase and sale of iniuIuK Stocks In San
Francisco, for wblcb we hare the best
Acuities; also all other California Securities.
W.POMEROT
cisco.
&
OHIce,
A6X»T,
AGENTS FOR THE BANK OF CALIFORNIA,
No. 12 Pine St., New York.
Watss
Shanghai
Banking Corporation,
;
No. 36
108
S
Hong Kong &
BANKERS,
Brewster, Basset
Co.,
nEROHANTS
PATNB * SMITHS,
C on niSSION
do
UNION BANK OF LONDON.
do
AND SHIP AGBNTB,
de New York, The BANK of NEW YORK, N.B.A. Hons Konc Canton, Amoy, F*€>ch«tv
Snan(hal and Hankoiv, Cblna.
Boston Agency
New York Ag<-ni-y,
The Bank of Collfomiay San Francisco, J. MURRAY
TOKIlK8,E 8. W. roMRROV Jr..
Bankers, London,
Boston,
Vork,
Russell
is stuok.
Slr»»t.
parts of the United States
Olyphant
&
Co.,
Geo. H. Prentiss,
COMMISSION MERCHANTS,
Hon« KonK, Shanghai, Foochow and
SarRKSXNTZD BT
CO., of China,
104 TVaU
St.,
W
SI.
CSAS
Canton, China.
OLYPUANT &
Room
BBOAD STRSST.
STOCKS
A SPECIALTY.
New York. Brooklyn SecorlUM Boaabi and SoM
THE CHRONK^LE.
IV
Financial.
UNION TRUST
CO.
NEW
OF
'YORK,
No. T3 Broadiray, Cor. Rector
CAPITAL,
St.
Antborlzed by law to act as Executor, Admialstra*
tor. Guardian, Receiver, or Trustee, aad Is a
I.EGAI.
DEPOSITORY FOR inONEY.
Interest allowed on Deposits, which may be made
And withdrawn at any time.
N. B. —Checks on this Institution pass through the
EDWAKD KING, I-resiaenl.
ClearlnK-House.
J. M. McLean, \at Vice-President.
WJf. Whitswkight, 2d Vice PreHdent,
EXECUTIVE COMMITTEE.
M. MoLkan,
J.
Financial,
Scioto ValleyRailway Co
OF OHIO,
JPIRST MORTftAGE SINKING FUND
CITY OF NEW YORK
SEVEN PER CENT BONDS.
Sinking Fund Bonds.
jr.
H. OGILVIE,
Secretary.
The Brooklyn Trust Co.
Cer. ot Montague
&
Clinton
sts.,
cothe, to Portsmouth on the Ohi» River, lOO miles,
finished and in fall operation since March, I87S.
Net earnings from March 1 io October I,
seven mouths
$108,342 05
Annual interest on $1,300,000, total iBsne
of bonds
91,000 00
A LIMITED AMOUNT FOR SALE,
AT
30-50
AND INTEREST,
92^
BY
COR. NASSAU
CO.,
&.
AND CEDAR
Mortgage
First
STS.
Consolidiited
PRINCIPAL PAYABLE IN
can act as agent in the sale or management of real
7
Per
B.
BUNKER,
Secretary
Wanted Money
TO LOAN ON APPROVED SECURITY IN
lOH^A, NEBRASKA AND DAKOTA.
10 TO la Per Cent Guaranteed.
FOR SALE.
A Choice lot of Lands In different parts of the
West. Also, Western Securities. A Choice Invest
ment. Address, for
$10,000
At Auction.
Defaulted Bonds.
Municipal Defaulred Bonds.
Holders and dealers would consult their Interests by
conferring wltti us. Reliable Information cheerfully
furnished.
T.
&
PINE STREET,
NEW YORK.
A. H. Brown
&
Co.,
Bankers and brokers,
1 trail St., Cor. New, New York.
INVESTMENT SECURITIES.
d:
CO.,
;
& BORG,
36
WALL STREET.
WANTED
Pike's Peak Railroad Bonds.
:
AtchI»!on
*;
Minnesota State Kepudiated Bouds.
Texas Pacific IIU. Land Grant Coupon Bonds.
Suspension Bridge & Lrle Junction lit;. Bonds.
Scioto Valley Kallroad Bonds.
WITl.
V,
CITY KAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
Gas, Insurance Stocks, &c
WINTRINGHAM,
PINE STREET.
Secnrlttes Bonglit at Auction.
No. 36
&
ALL Descriptions.
W^ANXEI>.
Southern Railroad Bonds, all kinds.
Toledo Logansport & Burlington Bonds.
Kansas Pacific Railroad Bonds.
Union & Logansport Bonds.
Indlar^apolls & Vlnccnnes Bonds.
Co.,
7
bought and sold on the NEW YORK STOCK
on a margin of 3 per cbnt, if desired
Eqnal attention given to small and large investments.
personally or ,by mall.
Flrst-
Bailey,
PiNE STREET.
Yo'
k,
November
14. 11S7S.
MEETHVG OF THE ASSENTING
New York
&
la heieby called
TUESDAY, Dec- 17, I*i78, at the Delaware & Hudson Cacal Com any's BuHdinir. co-. Cortlandt aad
Oswego Midlana Kadroad Compauy
for
So. Church sts.. this city, at H o'clock A. M., to accept
or reject the "Propoted Compromise of Dlffeiences
between the HnKlers of IlfXi-lvers* Certificates and
the First Mortgage Bondholders," and to mane such
modlflcatlona In the Bondholders' agreement, made
May 14, 1875, aa may be necfssary. If the Proposed
Compromise" Is approved, and for such other busl*
nesB as
may come before the iiectlng.
By order of the Commlttc".
JOKDAN,
:
'
Chairman.
PuiLAtELPuiA, November 1,1^8.
The Board of Directors have this day declared »
Seml-Annual Dividend of TWO PER CENT on the
capital stock of the Company, c'ear of all taxes, piyable on and after November 30, 1878, to etockholdew
as registered on the books at 3 P. M. October 31.
JOHN
Insurance
A
Stocks
SPJECIA1*TY.
Cash paid at once for the above Securities; or toey
be sold on commlaslon, at seller's optloD..
will
D.
TAYLOR,
Treas urer.
'
'
,
I
'
I
\
;
r^FFICE OP THE PLUMAS NATIONAL QUARTZ MINING
Stskst,
Nkw York,
Novemberl,
CO., No. 77
CuDAB
1878.— The Dividend
TEN CENTS per share,
PLUMAS NATIONAI*
QUARTZ MINING COMPANY has this day been deMonth of October, of
upon the
capital stock of the
clared, payable, la gold coin,
Dealings In
StocV-s
clau references.
S.
(near IVall),
EXCHANGE
Any Inf erraation given
ber 2, l^TS, fald dividend being In lieu of the semiannual coupon for same amount, due Uecember 1,
1878, on (said New c Irst Mortgage Bondw.
A. F. DAY, Secretary.
for the
E.
BANKERS AND STOCK BROKERS.
NEW
Albert E. Hachfield,
PENNSYLVANIA RAILROAD COHfWALL STREET, NEIV XORK
PANY, TREASUliEU'S DEPARTMENT.
First-Class Investment Securities,
CITY BONDS OF ALL KINDS,
Railroad Bonds and Sotjthbrn Skoueitibs of
St.
M'»RTGAGE BONUS.
18
DEALS IX
No. 16 Broad
MOBILEFIKST
*'
78.^
NEW YORK.
See quotations of City Railroads In this paper.
York,
Office OF THK CoM«iTTKEnF Uh-okg^nizatioit, >
15 Pink >trert, Nkw York.
C
Transfer books of ihe PKOVIMONAL CERTIFICATES for the NeY.f First Mortgage 6 rer cent Hondft
will close on November 'JO,, Inst., at 3 V. M., and
re-open on December 2. proximo. An Interest dlyldena of 3per (.eat on the New First Mertgageeper
cent Bonds to be Issued under the agreement of
re-organlzatlon. Ac, dfited October 1. 1S76. will be
pttld to the parties entitled tlicreto by th** Committee
of Reor*;anlzatIon. at this ofllce, on and after Decem-
Nkw
FOR SALE:
UTLEY,
CO.,
A:
New
&OITIO RAILROAD
A
i
Eastern Illinois RR. Bonds and Stock.
& St. Louis KK. i-onda. Jersey City
K.
31 Pine St., W.
Street,
-i* First Mortgage Bondholders of the
Township Bonds state New Jersey, issued to BR.
Columbus & ind. Central RR. let Mortgage Bonds.
City, County and Town Bonds of Western States.
Northern Pacific KK. bonds and Preterred --tocK.
Danville Urbana & loomlngton Kallroad Bonds.
Oregon Steam Navigation Co. Stock.
&
MORGAN
C. N.
BROAD1VAY,
Peck, Gilbert
Copies of the Recetvar'8 plans for re-«rganIzatIon,
of ihe report of Committee of Bondholders thereon,
and forms of agreement to be signed by bondholders
on the surrender of their bon^s, can be had ou application at the office of
ft
Alabama, South Carolina & Louisiana
State Bonds;
NeivT Orleans Jackson Sc Gt. Nortbern*
ITfississtppi Central, and ITKoblle
6i. Ohio Katlroad Bonds
City of Nevp Orleans Bonds.
Indianapolis
H. L. Grant,
J. p.
AND
Wall
%VANTJEU:
LEW
& St. Louis Bridge
DREXEL.,
;
St.
LOUIS TUNNEL RR. COMPANIES.
SX. LOUIS.
Referencea.— Messrs. Clark, Dodge & Co., Speyer
Co., New York E. W. Clark & Co.. Philadelphia.
Chicago
Special attention to business of country banks.
No. 145
KEIiEHER
Illinois
ST.
special attention given to Compromising. FundlBg,
Buying or belilnj? sllssourl County, Township and
OH
WEDNESDAYS; ;aND SATURDAYS.
1TIUL,L,£R
SON,
CO.
AT 95 AND ACCRUED I.NTKRSST.
A limited amount for sale by
KUHN, L.OEB Sc CO., 31 Nassau
*j
STOCKS AND BONDS,
Ho.
Bonds.
BANKERS AND BKOKEKS,
The nnderslgned hold REGULAR AUCTION
SALES of all classes of
ADRIAN H.
Town
Bids will be received until NOVRMBEK 30, by the
Board of Trustees of the Town KF CICERO, COOK
COUNTY, ILLINOIS, for »10,000 of Town Bonds, runnine 'iO years, wit^i Interest at per cent per aflfins),
payable semi-annually at the Merchants' Excusnice
National Bank, New i ork. Knr further Information
addresB
J. J. MoCAKTHY. Treasurer,
112 Randolph btreet, Chicago.
P« F.
BONDS
and
«0.
&
General Land, Scrip and Warrant Broker,
STOCKS
1907.
DANIEL. A. IttORAN,
Milwaukee
St. Paul
YORK. SEVEX PER CE\T. FIRST mORTGAGE BONDS,
full particulars,
Keterence.— First National Bank. Sioux City, Iowa.
CO.
Sc
AUGUST BELinONT &
WINSLOW, UANIER ic
40 AVALIi STUEET, NE\r
D. H. TAI.BOT,
Slonz City, lonra.
MOROAN
DREXEI.,
FOR SALE BY
estate, collect Interest or dlvirtends, receive registry
Wm.
$500 to
of
$1,000, Convertible at any time
luto Registered Stock.
Cent BoDds,
trater.
Henrv Sanger, Alex. McCue,
J. 8. Rockwell,
John P. R»lfe,
Chas.'R. Marvin, A. A. Low.
Thomas Sullivan, Ahm. B. Baylls, Henry K.Sheldon
U.B. rierrepont, Dan'lChauncey, John T. Martin.
Alex. M. White,
Jostah O. Low, Ripley Rones.
Austin Corbin. Edmund W. Corlles.
RITX.
A UMITED AMOUNT FOR SAL5
Delaware Lackawanna
& Western
At io6 1-2 and Interest.
charter to act
receiver, trustee, guardian, execmor or adminU-
CHAB. R. MARGIN, Vice-Pre«t.
Edsab M. Cullbn, Counsel.
TRUSTEES:
YEARS TO
Coupon Bonds In Sums
WINSLOW, I.ANIER
Brooklyn, N. Y.
&n£ transfer books, or make purchase and sale of Governs, ent a^d other securities.
Religious and charitable institutions, and persons
nnaccustoined to tne transBction of business, will And
this Compacy a safe and convenient depository for
money.
KIPLKY RDPKS. President.
PER CENT CONSOLIDATED
Principal and Intere<«t Payable
in United States Gold.
Company Is authorized by special
This
It
5
Issue lisiitkd at $13,000 per hile. Due 1896.
Line from Columbus, via ClrcIevU e and Chilli-
Samuel Willets,
Atfgusttjb Schbll,
Wm. Whitewbight,
B. B. Wesley,
Geo. Cabot Wakb
G. G. Williams.
u
Financial.
$1,000,000.
HAS SPECIAL FACILITIES FOR ACTING AS
Transfer Agent and
Registrar of Stoclcs.
[Vol. XXVII.
on and after thelSth
Inst-.attho ofttce of the Transfer Secretary, No. TT
Cedar
Street,
Room
15.
Transfer books will close on the 9th and re-open on
the I6th last.
By order of the Board.
A. P.
MARSHALL, Transfer Sec
'
xmm
wttttma
HUNT'S MERCHANTS' MAGAZINF.
;
BEPRKSENTING TUE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED
STATES.
VOL.
SATURDAY, NOVEMBER
27.
ONTENT8.
C
tion
498
Co.'s Annual Review of
tbe Cotton Trade for the Season
«f J8T;-78
499
linn &
New*
BUS
Market, U. 8. Securities,
Iway Stocks, Gold Market.
ilgn Exchange. N. Y. City
-- Boston
Banks, etc
B09
1^
I
Quotations of Stocks and Bonds. 512
luvestments, and State, City and
Corporation Finances
513
6JI
!
516 Imports, Receipts and
saol
_
2»'K°
ExporuV
'.
t22
Thx Commercial and Financial Chronicle t» iimM on Saturday morning, mth the latest news up to midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
ADVANCE:
IN
For One Tear, (including postage)
ForSii Months
Annual subscription
Six mos,
do
$10
20.
G 10,
do
In
London (including postage).!..
do
do
.!!. !!!
£2
68."
1
78.
8ub8cnpiioB.s will be continued until ordered stopped try a written order, or
^VUptMtcalion office. The Publishers cannot be responsible for Remittances
nlees made by Drafts or Post-Office Money Orders.
liOndon Office.
Tie London office of the Chkoniclk is at No. 5 Austin Friars, Old Broad
Bifett, woero subscriptions will be taken at the prices above named.
Advertisements.
^Tnmslent advertisements are published at 85 cents per line f«r each insertion,
Mt when definite orders arc given for five, or more, insertions, a liberal dis-
No promise of continuous publication in the best place can be
all advertisers must have equ.il opportunities.
Special Notices in
and Financial column 60 cen*8 per line, each insertion.
ynlUM B. DANi,
WILLIAM B. DANA & 00., Publishers,
o. IXOTD, ja. )
79 & 81 William Street,
YORK.
Post Ofwcb Box 4592.
Et
I,
made.
is
as
:lng
I
NEW
I
".Bw
fl
A
furnished at 50 cents; postage
for sobscrihers at $1 50.
n<'at flic-cover is
Volumes bound
iBts.
on the same
Is 18
jj^ For a complete set of the Cohmbkcial and Financial Chronicle—
•Uy, JS^."!. to date—or of Hu.ST's MBBonANTs' Maoazihe. 1839 to 1671, Inquire
it Iha
office.
HOW IT
'
The
action of the
and not
provided for by Congress, and made to equal
exceed the appropriations or ordinary expenses
or outgoes of the government.
Of course, the latter canto
it comes
and goes out in equal amounts a little ocean current
in no wise helping or affecting the greater movement.
"With the first of January then the redemption fund becomes
a fixed quantity, and after that time can be added to only
in two ways
one by purchasing gold in the market with
the redeemed greenbacks
two, by selling more bonds for
gold.
We are not, for the moment, considering or aflBr ming
;
—
in
516|DryQoods
jBmdstnffs
be further added to, January 1st, by the substitution
of greenbacks for coin certificates.
Second, is the fund
derived from the receipts from customs dntiea, internal
not take any part in the redemption of the notes
|
THE COMMERaAL TIMES.
Oammeiclal Epitome
may
ta-xes, &c.,
THE BANKERS' GAZETTE.
t
699.
;
Monetary «nd Commercial
EnelishNewB ,..,......
S06
Commercial and MiKellaneous
Latest
49^
NO.
1878.
The Secretary of the Treasury has two funds;— first la
the redemption fund derived from the sale of bonds thia
THE CHRONICLB.
It Will Work
How
"~"
- ^'°
Qovernment and
the Sugar "-Ques-
16,
—
;
anything with regard to the policy or feasibility of either
of these processes.
now
It
is
simply necessary to remember
that they are the resources
and the only resources the
government has for replenishing
Many
ment
This
;
is
its redemption fund.
appear to think that resumption is but a senti-
that seeing the gold in the Treasury
so only to the extent
is
that the gold
is
possessing it
not actually
needed and the feeling exists that it can be obtained whenever wanted.
Let a merchant know that he must have
one thousand dollars in gold in Chicago on a given day,
and that it is uncertain whether he can secure it on the day
needed without coming himself or sending his greenbacks
New York
to
once and
or Washington, and ho will send them at
make
whether there
the exchange.
is
It is of
50 per cent or
1
no moment to him
00 per cent of the out-
standing issues in specie in the government vaults
WILL WORK.
he wants
banks the past week has placed the
is
actual gold
in
in the Sub-Treasury in largo
;
what
Chicago, and the fact that
it is
amounts does not decrease the
commercial interest of the country in harmony with the necessity for his making provision beforehand for it. This
its resumption efforts.
Under existing laws, illustration suggests one process and may we not say the
nothing more can be done to ensure a successful issue. great process which resumption must put in motion.
"We have simply to await the result. Increased confidence Commerce is carried on through the banks.
all have
Treasury
—
m
—
We
& generally
and largely contributed our deposits there all our notes are payable there and
to this, but the present action of the banks has confirmed through them wo liquidate all our indebtedness.
If we
and strengthened it. Thus we are brought face to face require gold we do not expect to go to the Sub-Treasury for
with the practical question how will all this work, how will it
wc expect our banks to be in a jwsition to famish it on
we new forces put in operation act ? With the premium our check as freely and as readily as they would their own
fin gold at only one-eighth of one per cent, we may per- notes.
That is resumption, and nothing else is. And not
lupa put too slight an estimate upon the process of abso- until the merchant in Portland, in Chicago, in Now Orleans,
Itille restoration, for the change even from
this low premium or in any other city, feels that all he has to do is to draw
isa radical one, by no means to be completed in a day. his check on his bank and ask for the gold any day he
felt
;
the elections
first
;
—
I
\
Fiat resumption
time
v,(>
not practical resumption.
;
Up
liavo only
adjuit;.ij t!io
then?
is
;
to this
been building, repairing, connecting,
machinery. Impart motion to it ftnd what
—
needs
it,
is
resumption completed.
Absolute confidence in
the ability thus to respond to our wants,
is
what
i«
neces-
be required. This statement helps us
to understand the nature and meaning of the action of the
sary,
and what
will
THE CHRONKJLE.
498
New York
•on
They give
banks the past week.
January
1 all
notice
that
their special gold deposits will be special
xxvn.
[Vol.
the system which
we suppose Mr. Sherman
vised for meeting this very contingency
originally de-
is still
in existence
no longer, simply because at that date they will pay to any and a perfect reliance: that is, the authority to sell more
depositor, as his need may be, either gold or legal tenders, bonds whenever it may become necessary.
There need be
or bank notes; and this being the position which every bank no fear, therefore, as the gold balance drops, and can be
must reach, a tendency among
all
of
them
will
be developed
may
to accumulate a specie reserve, so that each
supply the
when
none, for
possible notice,
desired
and
it
may be
replenished at the shortest
especially will this process be an easy
Of course the commercial cen- one, as the success of the resumption effort becomes the
its own locality.
whore a demand constantly exists for gold for busi- more assured.
The outstanding greenbacks then will quietly and slowly
ness purposes, will be foremost in effecting this change,
And there would seem to be no reason why, eventually; pass into the Treasury as described, while the gold at the
banks in such places should find it to their advantage to same time passes out, taking their place; the notes being
hold any considerable amount in greenbacks. But passing in, must stay there, for there is no provision made for
wants of
tres,
this point,
it is
evident that the conditions referred to will
prevent resumption from being a mere sentiment; on the
contrary, there must be a steady drain through the banks
them
getting
avenues where
it
its
present hiding place into those
can be used for
its
which the laws of trade will
Banks are the people's instrument for their daily
work, and in acting as such, gold can perform every function
that the legal tender can, and some others hence, as time
^oes on, the former must, to an ever increasing extent, disAnd again, we must
place the latter in their reserves.
remember that in this country, where banks are so general,
greenbacks cannot long remain in circulation, except so far
as they are paid out by the banks on checks; that is to say,
they must be constantly received on deposit, and thereIn thus repeatedly going
fore constantly passed out again.
over their counters, more and more of them will be
retained to replenish reserves depleted by payments of gold
and for other evident reasons and purposes. Hence it
will not be a question of preference among the people, even
activity.
;
exist,
At
first
the
of
imprisoned,
But. says
admit
if it
does not provide
—and yet
that
all
for, their re-issue.
the execution of
if
it
the
will only illustrate again the
old proverb that you can bring the horse to the water, but
—
—
;
the rest of the country proposes to proclaim
its
freedom.
GOVERNMENT AND THE SUGAR QUESTION.
During the
last
year or two, rumors have been generally
current of frauds in the collection of the revenue from
sugars, and for some months past these rumors have
assumed such shape as to establish beyond a doubt the fact
that gross frauds have been perpetrated.
The methods by which it is claimed that these frauds
have been committed, are already familiar to all newspaper
readers, and may be classified under two heads.
—
human control.
may suggest
First
ples
rate of duty than they
Second
cause for anxiety
decrease which must follow
in
the
whereby
by
right should pay.
— Collusion
less
with the Custom House weighers,
weight of sugar is returned than is actually
Treasury redemption fund as it passes into the channels of imported.
•commerce.
We need, however, feel no distrust at that Tliese methods, which have hitherto proved so
movement;
is
or,
m
fact,
at
We
spirit of
Under classification of sugars, by drawing samfrom the " foots " of the casks (where the drainings
collect), and thus lowering the apparent quality of
the
which we deny, but the quiet sugars under appraisement, to bring them in at a lower
thought this view
on account
absolutely
you cannot make him drink. For let the commercial
classes of this country be once fairly rid of those legal
tenders as we are sure to be under the operation of the
statute as it now stands
and there does not exist power
enough in Congress to force those government notes upon
gradually force into greater us again. California never adopted them
and soon now
—
did such preference
are
that act should be attempted,
purposes.
Such is the nature of the movement which the first of
January will set in motion. * Some, very likely, may object
to this view, claiming that as the people like and have conWe
fidence in greenbacks they will retain them in use.
reply that the process we have so briefly described is not
an instantaneous change it is merely an existing tendency
action of laws beyond
They
the objector, the act of 1868 forbids their destruction, and
upon the government hoards, the wants of commerce contemplates,
forcing the gold out of
out.
"bottled up," and will never circulate again.
any other step
in the process, if
it
allowed to develop naturally, without interference at
The system promises to work
Washington or elsewhere.
in depriving the
and
to
Government
in enriching the parties
of
many
who have
efficacious
millions of revenue,
availed of them, are
a certain extent open to both importers and importing
refiners, but the latter have had the immense advantage of
and at the receiving their cargoes at their own refineries, where,
same time putting the government once more, and we hope within twenty-four hours from the arrival of the vessel,
Sind beheve forever, out of the currency-making business. the sugars could be dumped into the boiling vats, thus rendering all identification impossible; whilst the merchant
Let us follow its workings then a very little further.
importer is obliged to land his cargoes at public bonded
government
has
the
intimated,
the
As we have already
power, if it desires, to replenish its decreasing redemption stores, where they remain for days 'subject to re-examinafund in two ways. The first of these the purchase of tion by the customs officers and to consequent exposure.
WhUe the detection and punishment of such frauds are
gold with redeemed greenbacks we have stated above,
simply because we learn that it has been suggested at in the province of the Government alone, which no doubt
Washington as a resource. It will however never be will do its duty in the premises, there is one question that
used, for the single reason, if for no other, that it would must come homo to every honest man in the laud, and that
without friction, bringing the country slowly and quietly, but
•effectually,
up
to the specie-paying condition,
—
—
When greenbacks go into the Treasury is, how can these dishonest practices, which are slowly but
n the manner wo have suggested, and to the extent sup- surely sapping the morals and integrity of the trade, bo
most efficiently prevented in the future ?
posed, it will be because the gold is preferred and needed
The answer is plain and practical
gold
with
would
them
and an attempt to purchase back the
First
only put them at a discount in the market, and create distrust
By levying one uniform rate of duty on all
at once and this would lead to their being crowded upon the grades of sugar up to No. 16 D. S., and another and higher
government, with the result which is so evident that it is rate on all sugars above No. 10. This would do away
Besides, with an army of samplers, examiners and appraisers;
not necessary for us to take time to describe it.
not be effectual.
i
—
;
NovKMnBR
rodueo
THE CHRONICLE.
10, 1878.J
oxponso of coUoction and render impussiblo
tlid
499
lowgrado refined, but in wality adultorat«<I tranh
(m
frauds by under-classification.
shown by testimony Uken by Hon. Fernando Woo<l
at tbe
The
most efficient mode of curtailing deceit New York Custom
Seeoml.
Hon«o. Septembor 17 & 1«, 187H), now
among-it men is assuredly to assimilate as much as possible forced upon
the poor ooMumor, who mint porforo© Mt
the interests of contending parties; therefore let the Gov- that or nothing.
all
—
emmont weigh the sugars, not on landing, as is now done,
but wlion tliey arc toithdrawn for contumplion, ostablis hing
of course a
maximum
furthermore, let the
time limit for such withdrawal; and
Government
There are not wanting indication* that the partion implicated in the abuses referred to, will, in default of
being
able to carry out their own viewa, endeavor to atiflo
all
action by CJongress at iu next seition and to retain
the
adoi)t the same rates of
empty packages as have already been estab- present tariff on
sugar, thu« securing
by oxporionco and custom amongst buyers and sellers continuation of the
illegal benefiu which
tare for the
lislied
This would, in the matter of weights, greatly
of sugar.
assimilate the interests of the threis distinct parties in the
sugar import trade,
to
themnelvoa a
thoy have hitherto
derived under the same.
It is, liowever, difficult to bolievo
that our Representatives in Congress can be so blind to
the
interests of the people, whose protectors they are,
as to
viz., the Government, the seller, and
and would enable and encourage the latter retain in force, for
one day longer than is absolutely
two to carry on their transactions on Government returns, unavoidable, a tariff so wrong
and so unjust in its effects.
thus saving some expense in the way of weighers' and
But even if dealers did not agree to ELLISON (d
laborers' salaries.
CO:S ANNUAL REVIEW OF THE
tuy and sell by Custom House weights, the Government
COTTON TRADE FOR THE SEASON 1877-S.
would still havq a close check on its weighers, inasmuch
[conducted bt Tno.M as bllibom.J
as the sugars, being weighed both by tlio Government and
The past eeison has been a period of aoprecedeoted uoprofit-
the purchaser;
the importer within a short period, the respective weights
should vary but
little,
if
at
all,
no material
loss
being
for
possible in so short a time.
argued that by the proposed plan the Govern,
ment would lose the revenue in the possible difference
.between the weight in arrival and that in withdrawal, and
If
I
improTement, continually increasing^ depression, and ever-
recurring disappointments.
it is
Although the aggregate oat-tnm of
was less than in either of the
cotton goods during the season
previous two seasons, the rate of production was constantly
greater than the rate of consumption,
between the actual weight of the empty packages
ment
compared to the customary rates of tare, it can easily be
in that
as
ableness to tbp cotton industry— a period of unsstisBed loogioga
demonstrated that this loss would be compensated by the
in fraud and consequent greater accuracy in the
returns, and by the fact that a uniform rate of duty in alj
check
sugars up to No. 16 D.
S.
in color,
w^ould call for the
East, in
Bucceseion of deficient iiarveets, to tbe after results of the financial
and commercial disasters of 1873 and succeeding years and
to renewed prosperity occasioned by political
t3 ibe hindrance
But whereas tbe
disquietude.
much
ahead of demand,
molasses and subject to Utile drainage as com-
to tbe impoverish-
— In th") great
consequence of famines and bad trade, and in Europe, owing to a
production abroad of a better class of raw sugar, containing
less
owing
of consumers tliroughout the world;
the
Bupi>ly of goods
demand
for
was constantly
raw material was
the
pared to the low-grade sugars generated by the present constantly ahead of supply. This is proved by the fact that, at
discriminating tariff; while the better class of sugars, being the close of the Sfason, the stocks of goods were considerably
much
would naturally
also
show
no difference between actual and customary
tare.
in
lighter in weight,
of
spite
sufficient
these considerations,
it
is
still
little
But
or
if
thought of
importance, this difference could be taken into
account in determining the rate of duty to be imposed.
—To
avoid, to the fullest extent, the chances and
Third
temptations to fraud, which naturally flow from the privi-
larger, while the stocks of cotton w<>re considerably smaller
they were twelve months previously.
few
specialiies, therefore, tbe
manufactured
one of
On
article
loss, instead of
the
attributed,
part,
margin betwee
.
the price of the
and the eo*v of the raw material became
one of
Continent
in
than
Except in the case of a
tUi-i
to
profit.
nUbati factory
state
over-production in
of
things
is
England, and the
landing their importations
excessive pbipments of Lancashire yarns and goods to Conti-
own private docks or stores, to be there sampled
and weighed by the Government officials and subsequently
consumption of cotton in Englaitd, and the exports of yarns and
a short num-
goods to the Continent lart season, were less than in any of
establish the invariable
previous five seasons, while the consumption of cotton on the
lege enjoyed
by the
refiners, of
at their
made
to disappear in the boiling vats within
ber of hours,
let
the
Government
nental
markets.
But
this
cannot
be
so,
inasmuch
as the
whether imported by merchants or Continent has gone on increasing from year to year. If there
refiners, be first landed at a public Tended dock or ware- has been iny over-i)roducti n, therefor*, it has been on the
house, and there retained in the custody of the Custom Continent, and not in Grent Britain. Th- |)ower of consumption
on tbe Continent has been lessened, ow.ug lo bod times; but the
House officials until properly examined and weighed.
rule that all sugars,
The
left to
rate of
the
duty to be levied on
wisdom
this article,
nmst be
of our Representatives in Congress, to
be by them decided in accordance with the needs of the
country; but the foregoing changes are imperatively
demanded,
if
the
Government
is
to collect
its full
revenues
and honest dealers are to bo protected from the rapacity
Can anybody deny that the less
of unscrupulous men.
complicated be a piece of machinery the more easily it is
understood and controlled, and the less subject to derange-
rate of production has been kept up. This is the real cause of
the congestion of stocks, and not English competition.
COURSE OF THE M.\RKET, OCT. 1, 1877, TO OCT. 1, 1878.
Between the middle of July and far on into Ant^ust, last year,
the market was for the most part dull and inactive under the
of unsettled forc-gn politics, unfavorable harvest
accounts from India and C ina, depression in Manchester, shorttime in Oldham, actual and threatened financial difficulties in the
manufacturing districts, and tbe promise of an abnndant newWith slight interruptions, tbe ten !ency of prices
cotton crop.
influence
was downwards, and on the 3Sd August the rates current showed
Cannot our Government take a simple and prac- a decline of about fl. per lb. In cotton and 8d. to HA. per piece
weeks previously.
in shirtings from those ruling about five
tical view of the case now under consideration?
not quite at the lowest point touched during tbe
was
Cotton
Another point well worthy of consideration, is that the
The reduction in stocks snd
season, but yams and goods were.
proposed tariff would encourage the importation of a grade
and goods In
decline in prices led to a better inquiry for yams
of pure raw sugars suitable for the poor man, which,
Manchester towards the close of August. The improvfrnent
while not interfering with home production nor the legiti- made further progress in September. A,n increased demand for
in the three
mmte business of refining, would compete with the so-called cottoa followed, 80.000 bales per week being sold
ment?
THE
500
weeks ended 27tU September, resulting
in
(
HRONICLE
an advance of |d. to
Besides ihe liberal purchase by spinners, the marliet was
strengthened by unfavorable accounts of tlie American crop; by
more cheerful advices as to food prospects in India; and by the
^d.
virtual cessation of thort-iime in
Oldham and
other districts.
After a slight pause, accompanied by a trifling decline, the
demand again increased, and a further advance of fd. was established between October 1st and 9th, middling upland selling
freely on the last-named day at Gfd., the Jdghett pi ice of the
The advance brouglit out sellers, and though spot prices
season.
gave way very little, owing to the small stock, "futures'
promptly lost J'. The declinina tendency cont'nued until tbe
6ih November, on which day middling was selling at 6id. on
During the subsequent
epot, and 6id. for forward de'ivery.
four or five weeks, a fair business was done at gradually hardening pricrs, with fluctuations of I-IOJ. to Jd. ending in a net
advance of about 5-lOd. between ><ovember Gtb and December
lOtb.
The advance, however, was due more to the declining
stock on the spot, and the small American receipts, than to any
improvement in MancheKter: the market there beinjr k- pt vrry
•quiet by the threatening look of French polities, in addition to
,
the chronic anxiety about future affairs in the East. From
the 10th of December to the close of the month the tone was
Tery quiet, especially after the 15tli, owing mainly to the large
increase in the American receipts, which quite neiitraiiz-)d the
influence of the more satisfactory state of affairs in FrancePrices gave
way about
There wag a s'ight recovery in
" futures" during the first ten days, but spot prices were without
quotable change. Throughout the month, and the first half of
February, the market was adversely affected by unsettled politics
and large American receipts. The spot business averaged le-s
than 10,000 bales per day, and prices gradually gave way. At
times there was considerable irregularity —-ootably on the 25tb
January, on the annotinceniput that the British Fleet had
entered the Dardanelles, again on the 7th February, on the report
that Constantinople had been occupied by tbe Russians, and
amain on the 11th February, on the statement that the Turkish
Government had refused to allow tbe British Fleet to pass iuto
the Sea of Marmora. On the two first-named days middling
upland sank to 6 3-16d. on the spot and 6 1 16d. for forward
delivery, and on the last named to
l-16d. on the spot and 6d.
for ue.-r deliveries; for, although Lord Derby stated that tbe
difiiculty in the matter of the Dardanelles would be surmounted,
the hitch gave rise to the suspicion of a Kusso-Tuikish alliance,
and to the consequent belief that war could not be avoided.
During the subsequent week the fleet was allowed to proceed as
desired.
Confidence, therefore, revived, and a large business
was done in cotton at an advance of ^d. on the spot and 5-3')d. in
futures.
Then came another batch -of war. ike rumors, which
Itad greater weight than usual, owing to the active preparations
for eventualiti^ being mads by the British Government. The
result was that the improvement just quoted was lost between
the 22d February and the 1st March, middling upland receding
to G l-16d. on the spot and 5 3l-32d. for near deliveries.
The announcement made by Lord Derby on the 1st March,
that the long-delayed treaty of peace between Russia and Turkey would be signed on the following day, and the non-confirmation of the previous bellicose rumors, again broughi buyers
into tl e market, and a large business was done during the week
ended March 7th, at an advance of 1-lGd. to ^d. per lb. but in
the absence of any response from Manchester the improvement
January opened
Malta occasioned some uneasiness just before the Easter
holidays (April 18 to April 23), and the holidays themselves
inc eased the indisposition to do business, especially as a strike on
an almost unprecedented scale was impending in Northeast Lanto
cashire.
It was hoped that the dispute would be settled without
any important stoppage of machinery; and even if the strike did
occur, it was thought it would be only of a very short duration.
As regards Preston and a few mil's in some other towns, these
anticipations were realized within a week after the Easter holidays but the bulk of the operatives affected by the action taken
to reduce their wages remained on "strike," and about 120,00J
looms, capable of using yarn equivalent to about 13,000 bales of
cotton per wesk, were stopped.
The prices touched on May 3nd were the loweet for the season.
There was little change thence to the 6th, but the low prices
and the more pacific aspect of political affairs began to attract the
attention of buyers, and during the sis weeks between May 3jd
and June the 14th prices advanced 9-16d. on the spot and 7-16d.
to 19 32d. for forward delivery and fd. for Egyptians, which
were exceptionally strong. The starting point was the success
of i,the negotiations for the assembling of a Congress on the
Eastern Question; this led to more' inquiry in Manchester
and an increased business here. The increased businefs caused
;
more attenti "n to tbe statistics
demand than they had been disposed t do during
times.
The result was a gradual, but eventually
all classes of
operators to give
of supply and
the dull
marked, change
316(1.
quietly.
;
was only shortlived,
especially as the political affairs again took
a decidedly uufavorab'e turn. During the four weeks tnded
Apjil 4th, the market was almost uuiformly dull and iuactive.
The sales averaged only 7,000 to 8,000 bales per day, and prices
gave way 516d. on the spot and 11.32d. for futires.
The
political outlook w»s so bad that war between this country and
Russia was regarded as inevitable this feeling was especially
strong ou the 29th March, owing to the resignation of Lord
Derby, and agsiu on the 3rd April, in consequence of the warlike despatch issued by Lord Salisbury. On both these days
middling upland sank to 5 13-1 Od. on the spot and SJd. for near
deliveries. Meanwhile, business in Manchester was unprecedentedly depressed.
Between the 3d and 9lh April, the general
approval accorded to Lord Salisbury's (ie.spatch by the Contiuental press led to renewed hopes of peace being preserved, and a
good business was done at an advance of 3-lGd. on the spot and
7-33d. to 9-32d. for futures. But the whole of this improvement
was lost during the subaequent three weeks: that is, between
April -Qth and May 2d.
The movement of troops from India
;
[Vol XXVll.
market.
Week
in public opinion as to the prospects of the
by week, as the statistical position gained in
strength, consumers and speculators increased their operations,
and during the three weeks ended on June 6th. the sales
reached an aggregate of 347,000 bales, or an average of nearly
At times there were doubts as to the
14,000 bales per day.
soundness of the advance, and, all along, the movement wag
moderated by the inertia of Manchester; but spite of all scepticism, prices continued to harden.
Prices had
now advanced
^d. in the
medium and
|d. to 5d. in
American upon the depressed rates current
at the opening of May.
Meanwhile, consumers had purchased
largely for stock to cover orders taken in Manchester, where a
considerable business had bjen done duriog the four or five
weeks.
Simultaneously with the large buying of spinners,
increased activity had also been displayed by speculators and
exporters. All classes of buyers had operated freely in view of
an early termination of the strike in Northeast Lancashire, and
the lower grades nf
in the expectation
of
a general revival in business consequent
upon the promising out-turn of the food crop<
abroad, and
at
home and
the continued favorable progress of political
affairs.
Buyers have thus purchased largely in anticipation of their
requirements, and prices having advanced fully ^d., and in seme
instances |d., per lb., it was only natural that a pause should
ensue. Accordingly, between the 14th and 26th June, the demand
fell 10 the merest retail dimensions, and prices gave way 3 16d.
per lb. The strike was at an en \ but spinners had laid in a
large stock of cotton in anticipation of that event, mostly bought
on the basis of 6id. and below for middling. It was not surprising, th»refore, that they cut down their operations when middling rose to Gfr"., especially as no headway could be made in
Manchester.
The lowest rates were toached on June 26tlii.
There was very little change thence to the 2nd July. The
decline in prices was arrested, but that was all.
The fact however, that the decline was arrested, and that a week of very limited business failed to make any further impression upon sellers,
caused buyers to .show more disposition to operate, and led first
to the placing of considerable orders in Manchester, and then to
renewed attivi'y here: the upshot of which was a large business
and an advance of fully -Jd. per lb. between the 3nd and 5ih July.
There was no change of moment during the subseqtient three
days.
A good business was doing, the tone was very firm, and
the revalent opinion was that a further advance of more or less
importance would be witnessed before the incoming of the new
American crop.
Between the Sth and :8th July (influenced by the favorable
[
progress of the Berlin Congress, which was brought to a successful close on the 13th), a large busiuoss was done at an advance of
3-lGd. on the spot and id. to 3 16i. in near and l-33d. to l-16d.
in distant futures, with an exceptional rise of id. to |d. in
Egyptians, which were beginning to attract the attention of
speculators.
Middling American was now quoted 6id. per lb.,
and as this had long been looked upon as the ideal top of the
market, buyers hesitated to encourage any further rise, while
sellers
showed a
disposition to meet the
demand
freely.
Tha
7
6
THE CHRONICLE.
.NcivKMUBii 10, lS7d.]
result
ended
..
wna a sU^Iitly weaker tomt at thu oponinj; of the wnok
Spot prices Ueld their ground pretty w.'!!, hut
July.
dumnod a;,'niii bcrnme
cx'.enBlvely t<i over ordurn taken
Itrtwten July Sjlli and
[ils:
Tlie Irado pur.liusrd
activi).
and
in Mftnclii'Blcr,
long
llnMlL
CTP*.
ir>o
»09
'i'iih
futuri-i) lost 1-321.; mt>auwliili', Iv.'yptiniiM trained ^d. find ISrizlU
^i.
501
The
staplui'.
tlio
speculator.-! o eratod
larpely, njppclally
valen avuruj^ud nearly
18,009 balen per
IiniMirt—
1M77-7H
1M7U-77
H44
«KI
UJ
U,I)1U
in
Decrciuio
day
and
Htnoks, 8opt.
l«7
201
SO-
171)
127
M
07
tf
Mm
'17
U7
1H7H
1«77
173
pricea
mo
Dcereiisn
i
UBLIV
The following In a irnnpirntivr
in
pnnnds
Oreal Jirtlain.
lH-7-8
2,074
IH7(i-7
1,()IH>
1H75-8
I,!)48
1M71-.'^
quoted ov#r C lllOd., but the bulk of the buniness
done on the 2Cth was at Old
the game aa on October Oih and
1x73-4
1872-3
1871-a
1870-1
l.OOO
1,701
1,(M4
1,412
officially
—
was
strenglboned l>y the continued smalt receipts at the American
ports, aud by the expectation that ihe movement in September
and October would l>e retarded, in consequence of the prevalence
of yellow fever at New Orleans and the principal depots on the
banks of the Mississippi. All along a strong opinion had ruled
(hat 7d. would be seen for middling upland before the free
import of the new crop, and a confident feeling now prevailed
that that figure was close at hand.
Manchester, however,
refused to follow; the market became quieter on tlie 27th
August, and gradually lost strength as the week advancod;
especially as the Auerican receipts began to increase in a way
The declining tendency of prices
that had not been anticipated.
of oporators
gn
15
(Tonal
.'•0,3,1 4!l
24.'.
tit;o'ii:!'-.'s.-,
IX4
MO.fVIO.OOO
:'J2
l,"2«3.<»24,00O
55ll7fl 112 2.404'422
1.014..'i08,000
408
402
382
1)20.082.000
1,020.374.000
l,127..'i'2ll.<K)<J
1,402
lS7.'.-6
1,181
8«2
Did
l()!l!l(!(l 17«'2..'>.->:l
1874-5
1873-1
981
1)17
l.^>ll
1,021
187J-.3
8U0
1871-2
«71
1,118
l,02;i
(13:
i.v.> 2,2.'..')
i.').-.
171 -'.3^1
8."i
HI)I.2U2,000
81)3,113.000
874 187l 1)1 lllli,2,3(i!l :(77
700 231|101 lHI'2.1!t33««
8O2.«38,000
72(i
tio:<,3.'vo,ooo
08]
212
7.">3
t!j '."Jl
0« 18U
l.lPtl 3.")0
2,3<i.-|:380
808,700,000
877 247
1877-8
1870-7
1875-6
3,47«
1H74-.')
:i-<(i-3,-J.oi)3, 100,000
171; JXi; ."i..")!- 3s(;-7 .I.I'M. 810.000
407 3IO r>..-|'.'M 37(1'H 2,OK3 27H,0O0
2,083 1,384 <MUi 304 :(7o!.'),ii3i;i.-)ti'i|i,is'.iO, o70,000
3,043 1,311 591 337 30515,587 :i86'0 2,161, 724,000
3,oi:t
3,i:
1
.39.")
:!
The average weekly
1877-8 1876-7.
Br.
Anicr. 39,882
17 4ti
«i!,''i
1
l.'Vnl.',,1»r I25'3 2.207, 7.'MI,000
202i.').10l lOC.-x 'J.l'.H, <i20.000
II'.::) -j.-Mi;. (itil.OOO
2:i2|.">..')7o
3:io"i7l ."i.iiM
(•<>()
2,.544 l,r>27
1871-a
1870-1
IS.-i
47i»,l4
1 ,2(!!t
2,S87 l.Olf.
2,72 1 .rt.ti
187;i-4
1(1
deliveri«-B in bales
187.'>-6.
were as follows:
1874.5. 1873-1. 1872-3.!l871-2 1870-1.
at.
E.Inil.
4,'^56
and lower prices later on, buyers in Manchester Other 9,469
and everywhere else were greatly restricting their operations. Total 53,607
The desire to sell, therefor , increased, and by September 35ili
don't.
middling upland sank to 6 5-16d. on the spot and
1-lOd. for Amor. 20,95.")
distant futures, or 7-l(5d. and |d. respectively lower than on the E.Ind. 12,005
Other 6,070
36th August. Spot prices recovered 3-lGd. b twee:i the 2oth and
the deficit discovered at ptock-
4-112,787
1S77-8
187B-7
liberal suppliej
>
!
428 l.lIi:i.i:.H.0<IO
1.27-<,.'i3H,O0«
I0«1
.^4l:^,ol7 r>i
li. 2711. .'17,000
07 3.077 ;f!l (;,1.1Ips.i:ih.(MjO
•Ml. .'1.141) :i;it
1 .2 lo.7<Ml,i>0O
2ft0
28<i
2!>8
1.1»2.'5
187'.i-3
The possibility of a pinch for cotton was, therefore,
1>ecomiog more aud more remote, especially as, in anticipation of
t
221 102
407 4 Hi
47!) 23«
IMIIUIlllt.
Alt Europe,
interruption) until the 2oth September.
chiefly
!
18701
ports.
owing
84ft
I
siC
iir ihn dellTeriM, la
CoHtineiil.
The stock in cotton here was gradually diminishing, but there
w«s a more thsn corresponding accumulation at the American
30th Septem'ier,
tan
IjMH
:
was more than recovered between the ISth and
interval prices advanced 3-18J. on
Middling upland was not
the spot and ltd. to ii-tOd. (or futures.
triflinj^
30
Totnl wclKbt.
fall
continued (wiih
m
U
Fim.eiTi-111
S
36th AujfU.'t, durinj^ which
The confidence
20
a
17
I
the hiphest i)ricB of the peason.
WU
l.OOO's of bales, during the past eight rtsroos, wlih the wolglit
18lh Auj^upt.
But the
Iti.1
IW.
lucreiuie
woek ended Auftui't lat),
advanc d |d. in American on the a^ot and for forward
delivery, {d. tojd, la Iir»/.il8, jd. to }l. iu brown and ^d. in
white K>;rpiiaa, and ^d. to !i-lGd. In East Indian. The demand
wan lets ac:ivo on tlio let and 3d August, but a f;ood l>u-<incRi>
was done at full ratet". The market was ilo.ied on Saturday the
I', reopened on the 0:h with a good gen.
3d and Monday the 5lb.
eral demand, iiiul prices stiffanod a little; but witi leas doing in
Mnncht-ster th-i businesa hero fell off, and pricea gave way 1 Kid.
onthe8p)t and id. to 3-101. for futures, between the 0th and
(ImId^ about lOU.OOO bulcta (or ihu
Umyr- W.
Total
46.2:f6|
38,274
7.833
14.452
37,468
9.220
11.33'
30,8851 .32,711
12,840' 12,692
15,442] 15,1.54
31,Soa'27,1.54' .37,019
14.173112,6.54; 10.731
18,154,20,423, 14,211
60,559
58,025
59,173
00,557
04,135:00,2:il
61.901
19.081
16,574
7,110
22,773
17,607
8,719
18.865
19,635
17,115 12,!)OJ
21,500
18,212i 16,807
9,116
7,942i
1.5,192'13.9<ii;
14,481
9,866 11, -2311
9,500
43,365
49,099
4.5,019
42,17:138,0901 45,-t81
45.558
I
and the market Gnind
total;99,843; 103,024 107,124 104,1921106,115 106,308t98,327| 107,44:
closed barely steady. The final quotation on the spot
G d. was
The ai!«ra^c weifl'/tt of American packages lonsumed this year
ll-16d. higher than the lowest, and Jd. lower than the highest,
quotation for the season. The aversgo price for the season was we estimate at 443 lb". against 438 lbs. last year; of Egyptian,
& 5-lGd., against OJd. last season aud 0.}d. the season before. 595 lbs., against GDI Ib.s.; of Brazil. ia"» lbs., against 104 lbs.; of
The lowest price was 5 13-16 J., against fljd. last season and "fd. West Indian, &c., 170 lbs., against 205 Ibi. of Smyrna, 380 I'.P.
ia 1875-70; ihe highest Ofd., against 7 3-lfld. last season and 7id. against 370 lbs. for Great Britain, and 350 Iba. for the Continent,
in 1875 70; the extreme fluctuation was 15-lOd., against 1 7-lGd. for both years; of East Indian, 337 lbs., against 384 lb4., for
Great Bri-.aiu, and 377 lbs., against 373 lbs. for the Continent.
last season and Ifd. the season before.
COSSUMPTION OP OllEAT nillTAUT.
The following is an accountof the principal fluctuations during
At the opening of the past season, English spinners held a surtlie season in the loading descriptions of cotton, 82's twist, and 8^
taking; but distant futures only gained 1 32d.,
—
—
,
;
lb. shlrti
gs
plus stock of about 13,800,000 lbs of cotton. The deliveries during the season have reached 1,193,153,000 lbs. It is supposed
that the stocks at the mills at the close of the season were al>oat
:
Deliveries.
s..
32-8
§a
Near.
(I.
<I.
.1877.
Sept.
29.
Oet
9
6
Vov.
.
.
neo. 10.
Djie.
27
.
Dis-
Twist.
Shirtings,
8>4 lbs.
tant.
a.
oaa
<>'4
6'to
ea» iGi'is O-^
6>4
Ce 6%
6»i« 8^18 6»18
G38
G9,i2
d.
638
6%
(i'n
e's
6%
rt.
d.
6%
6^
518
G-a
8H1
61a
.53is
5!i«
5°18
d.
d.
d.
H.
4>aa>8
938®9"8
9 a 9 "a
9i4®93t
9 agia
d.
413
7iaa8 9
4'!!S)8
3
the same aj twelve months previously. The weight of cottoo
consumed durln? the seaao:', therefore, was about 1,103,158,000
Ibs".
against 1,373,256,000 lbs. in 1876-7— a redaction of 6 3 per
,
cent.
The
as follows
I»
.
C3s
01132 67l«
63,«
«l8
.
.
5"*
.
.AyrU
3.
June 14
June 26
.
.
July 31
Ang. 13.
0>8
fi
<>5-,2
5i.i,„'
5%
S'f-ie
6%
6^
6%
6^8
03,„
608
e»i«
0"32
6->3
6=8
658
738
919
fi'4
5'j»,.j
«
i
•>-'l6
.
%y
ou,a
.
ti»:i2
30.
6»g
6'>8
5l:i,„' 523;.2
25
Sept.
Sept.
6J4
C»,8
«^18
GT16
1(332
AiiK.'2rt
.
6;':i2
'as
6>3
038
6I3
6I3
G»8
e^H
6J2
0-32
6" 1
O'la
Si>«
63:,2
7%
738
6%
6%
9
®9i2
liaarf
3
3i3a>8
412
IOI2
8!^-a9i8
519
8«i*e9H
lU-a>7 101..
83ja»i8
O 'a- lOlo
ll2»8
71oa7 7U
8S8®9
o'la
4 '8
i's
44t
8
8
w8-'>8
'u<8i2
7»8»8U
8 38* 8 "8
8ie»>i5i
916®'.)%
S'sailia
''a
9
8%
5>4
8 343933
7»8
51 18
8%*9
7%
and preT.ous
five seasons
6
(7>7
6 a>7
ll2*8
110*8
4l2»8
917'2
as
3
ll2»8
9 »7 9
a7
9
7'a
Estliuat'd Wiflit,
Surplus,
Deficit.
Delivered,
Consumed.
Pounds.
Pound*.
1,280,640.000
.240.706,000
1.2'27.453.(K>0
53,187,000
Actual
Weik'lit
1872-3 ...
1873-4...
1
1874-5....
l,198,8:i8.0O()
187.5-0
1876-7....
1877-8....
1 .270,287.0<K)
1.278..538,0OO
1,193,158,0<H)
10,130.000
25,539.000
1.25!). 836,000
1.2'24. 377,000
1.27().2-^7.0«0
1.273,'256,0OO
6.282,000
l,l9:t,l.>8,0OO
bairs
III bales of 400 lbs, the consumption reached 2,989,890
If all the spindles had been
for the year, or 57,300 \>et week.
fully at work, the quantity of cotton used per week would have
been about 62,000 bales of 400
therefore, 5,240 bales, or
84
The actual consumption was,
per cent, below the consuminf
lbs.
EniiOPKAN IMPOllTS AND STOCKS.
power of the machinery in existence, if worked full
The imports and stocks for the whole of Earope compare as
EXPORTS or YARNS AND OOOD8.
follows, in l,OO0's of bales
:
compare
4l3®8 412
'1878.
10
Wb. 15
VM>. 22
lUr. 1
Mto. 8.
figures for the la«t
:
.
The following
is
time.
a comparative statement of the exports of
cot-
—
THE (JHRONICLK
502
ton yarns and pciee goods from Great Britain in eacli of ihe past
ten seasons, ended Sept. 30th, in millions of pounds and yards
:
Yam.
Goods.
Yards.
Pounds.
1877-78
1876-77
1875-76
1874-70
1873-74
2.50-5
Yarns.
Pounds.
3,681
3,803
3,635
3,546
3,530
230-3
223-2
218-1
218-5
219-2
200-5
194-0
181-5
169-3
1872-73
1871-72
1870-71
1869-70
1868-69
!
:
Goods.
Yards.
3,520
3,440
3,432
3,412
2,908
The diminished export of goods during the past season is
almost counterbalanced by the increased export of yarn. This
fact is apparently at variance with the decrease of 6-3 per cnt in
the -weight of cotton consumed. But the shipments include a
quantity of yarns and goods taken out of the excessive stocks rn
hand at the close of the previous season. Moreover, the goods
exported this season have contained less cotton, yard for yard,
than those shipped last season. This is admitted by the leading
shippers, but, so far, we have found it impossible to get a reliable
estimate of the difEerence.
hands, though
It Is
believed that the stocks in
first
and those in the hands of
distributors much smaller, than they were at this time las; year.
CONSUMPTION OF THE CONTINENT.
In the following table we give an approximate estimate of the
quantity of cotton consumed in each country during the past
season. In the case of Russia, we may observe that tlie consumption during the first half of the season averaged about 43
lbs. per spindle, but in the second half, about CO lbs. per spindle.
still
large, are smaller,
No. of
spindles.
Bu.ssia
>k
Poland..
Sweden & Norway.
Germany
Ansti-la
Switzerland
Holland
Bclgivim
France
Spain
Italy
Total
.a
Total
poimds.
a
Ave'ge
per
week.
Bales of
400
lbs.
2,860,000
310,000
4,700.000
1,558,000
1,850,000
230,000
800,000
5,000,000
1,775,000
880,000
51
80
53
65
23
60
145,860,000
24,800,000
249,100,000
101,270,000
42,550,000
13,800,000
54
46
45
67
230,000,000
79,875,000
58,960,000
57.1,000
199,687
147,400
2,077
11,058
3,840
2,835
19,903,000
50-1
989,415,000
2,473,537
47,568
4:!,200,000
'364,650
62,000
622,750
253,175
106,375
34,500
108,000
7,013
1,192
11,976
4,868
2,046
663
In last year's report, the cousimiptlou ot Russia, in bales, w,a8 i)rintcd
as 306,250—it sliould liavo been 356,230, and the total for the Continent,
2,449,737, instead of 2,399,737. The uriyhts were correct.
*
The foregoing
figures
show an
increase of nearly 8 per cent
—
over the estimated consumption of the previous year bad trade
and grumbling notwithstanding.
It should be borne in mind,
however, that the stocks of yarns and goods are everywhere,
except in Russia, reported as being very excessive. The movements for the past five seasons compare as follows:
1873-74..
1874-75..
1875-76..
1876-77..
1877-78..
Actual weight Estimated w'ght
Surplus,
Deficit,
delivered, lbs.
cou.sinned, lbs.
l>ound8.
l>ouuds.
893.113,000
894,262,000
1,020,374,000
920,032,000
1,014,597,000
872,000,000
915,375,000
961,143,000
970,895,000
989,413,000
21,113,000
[Vol.
probably about 50,000 to 60,000, hut these are
mills burnt
10,500,000."
Allowing for differences in stocks in the Northern interior
towns, and deducting the cotton sent to Canada, and that burnt
or lost, the deliveries during the past five seasons were as follows:
1874.
1875.
1876.
1877.
1878.
Bales.
Bales.
Bales.
Bales.
Bales.
Taken by Northern
miUs
1,177,41
Taken by Southei-n
1,062,522 1,211,598 1,288,418 1,398,298
128,526
mills
145,000
145,079
147,000
148,000
Total takings from
crop
1,305,943 1,207,601 l,356,598|l,435,418;i,546,298
Last year spinners held rather less cotton than
months previously.
This year they hold a
little
t
ley did twelve
more than they
did last year.
By
this constant increase in the
goods the United States
of foreign
(j. e.
is
home
prediction of cotton
becoming more and more independent
In reference to the future, the
British) fabrics.
Chronicle looks for a continued expansion.
" In the first place, it is not at all likely that foreign dry goods will
ever again come here to anywhere near the e.\tent usual prior to 1873.
We can m.auufacture for ourselves better aud cheaper now. The very
depression we have p.issed through has taught us great economies iu
manufacture, while the labor-saving mechanical devices we have introduced since then and during previous years .are enabling us to put upon
the market better gooils at a less cost than our rivals. For these -reasons,
our home demand will be left nuich more nearly for ourselves to supply,
and as other business activities revive, we shall thus tind profitable
employment for all our spindles and a stimulant to healthy growth for
the future. Then, again, as is well known, there is a growing outside
demand for our goods, which we are able to meet at a profit. A new
trade is of course of slow development, and especially at a time like this,
when every country is manufacturing without profit, and forcing its
productions on unwilling customers. But notwithstanding the many
discouragements, the movement is in a healthy condition, and full of
future promise. In this connection it is a singular fact that the average
factory earnings (of operatives) are higher in this country than in 186(>—
that is, higher above the cost of living tli.an in 1860: yet, while their
earnings are more, the cost of supplies is more, and cotton as high, tlie
prices ot cotton goods are much lower than then; higher speed, better
machinery, greater skill, aud close economy iu management, xiermit
this result."
What becomes
of a portion of the increased out-turn of
ican spindles and looms
is
shown
Amer-
in the followinj account of
the
exporls of cotton manufactures from the United States during
the years nsmed, ending June 30.
Cotton
Manufactures
PIECE GOODS.
Years.
1872.
1874.
1876.
1877.
1878.
Plain.
Colored.
Total.
Yards.
Yards.
Yards.
8,859,191
13,237,510
.59,319,267
76,720,260
88.528,192
21,113,000
59,863,6o6
by
laid idle, so that the spindles worked have not been materially
Increased. At Fall River the spindles (about 1,300,000) have been idle
in part.
Almost every mill there was on half-time or less ni July and
August; thi-s, together with the stoppage of the Union, Border City, and
Sagamore, prol)ably give in the aggregate some reduction from la.-ft year;
but there was also shnrt-time tlie previous summer, so the comparative
lo.s.s was small.
We estimate the total spindles in the North now at about
9.900,000, and iu the South at 000,000, or a total in the country of say
65,23 i',6o6
25,i82,6b6
offset
and
XXVIL
The following
is
11,704.079
17,837,957
75,807,481
105,831,694
126.293,505
2,844,888
4,600,447
16,488,214
29,111,434
37,705.313
all kinds.
Value.
$2,304,330
3,091,332
7.722,978
10,180,984
11,435,628
THE EGYPTIAN CROP.
an account of the shipments of cotton from
Alexandria during the past five seasons, ended September 80.
Twelve months ago the net sarp'us was 5,368,000 lbs. It is
1874-5. 1873-1.
1877-8.
1876-7.
1875-6.
To—
now, therefore, 30,530,000 lbs., or 70,000 bales of 400 lbs., against
237,168 300,500 311.386 273,019 312,172
13,000 bales last year, and 163,000 the year before.
54,540
France aud Spain
53,669
60,508
34,044
52,740
THE AlIEUXC.^N COTTON CROP.
10,952
Trieste
17,660
22,923
12,713
7,232
19,703
41,310
14,097
22,981
29,618
The last American crop reached 4,811,265 bales, against Venice
12,890
...
45,723
17,722
Russia
69,105
31,840
4,485,423 bales in the previous season.
The exports to Great
438.556 471,610 317,314 410,237
Total
399,654
Britain amounted to 2,030,732 bales, against 2,024,877 bales, and
to the Continent 1,310,108, against 1,024,630. American spinners
PROSPECTS OF SUPPLY.
took 1,546,298, against 1,435,418 bales. The weight of each of
The American crop accounts are exceedingly favorable. The
the past five crops is estimated as follows by the New York last Bureau report points to a yield of from 5 to 5^ million bales;
Financial Chronicle, upon returns received from the various aud^private advices mostly confirm this estimate. Assuming the
Southern shipping ports.
coming winter to be as mild as the last, the crop may reach
5,250,000 bales, of which American spinners will require about
.
'
Cuoi'.
Number,
1877-78....
1876-77
1875-76
1874-75
1873-74
bales,
4,811,265
4,485,423
4,669,288
3,832,991
4,170,388
i
Weight, pounds.
2,309,908,090
2,liM>.i(;.,.()s6
Average
weight
per bale.
480-10
468-28
l,650,0i;0 bales, leaving 3,000,000 bales for
export to Europe. India
more than last season
will in all probability send us 250,000 bales
—say
a total of 1,100,000 bales.
We
shall, perhaps, get a little
more from the Brazils, say 200,000 bales, against 159,000; but the
2,2111,110.(124
468-00 supply from Egypt will show a deficit of from 10 to 20 per cent
1,786.934,765
1,950,742,297
say 340,000 bales, against 400,000. Sundry sources will probably
The foregoing are gross weights,aud ioclude bands and wrappers. send about the same as last season. In weight the foregoing
CONSUMI'TION OF THE UNITED STATES.
estimates are as follows.
The deliveries to American spinners. North and South, have
Pounds.
Weight.
Bales.
reached 1,546,398 bales, or 110,880 bales more than in the pre1.591,-200,000
vious season. Bearing in mind tlie continued complaints of bad
442
3,600,000
418.000,000
380
1,100,000
trade, the increase is surprising. The New York FiNANClAi Egyptian
204,000,000
000
340,000
3:i,o(Ki,ooo
105
Brazils
200,000
Chbonicle, in its annual crop statement, says;
22,750,000
350
Sm vrna, Ac
65,000
"Excluding Fall River, the Northern mills arc supposed to have
worked less hours in the aggregate than last year, b\itthe falling off was
more than covered in wc^iglit of goods produced by the coarser averat e
of cloth made. The new spindles put in motion during the yc.ir are
West India,
Total
<to
65,000
5,370,000
170
424-4
11.050,000
2,280,000,000
.
KovxMBBU
l(i.
THE
1878.1
(CHRONICLE.
nupply comparcH aa (Ollowa with the conauiupaeMon.
TIiIh eatiiiiated
tlon of last
Pounds.
Coiuiiiiilillon nf Orcitt KrltiUi..
CuU8iiiMi>tl»ii of tlio Coutliieut.
the whola of thoir productioa till Auguat,
1878, ftii4 wrarrra
cootraolM aoUI the rod of l>«c«uiber, \b1».
I'rotpeett.—'VUuto la an iisesllaal d«nian<l for good*, aod
bMv
outlook for the
seanoii la
JSstlmutiHl mipply.
2,2H0.1KM).0()0
400 lbs.).
1»7,427,(H)()
th«
»ary favorable.
alCRMANV.
Staton.—Vrota
J'tut
2,lH2,.'>7:i,0<>0
(equal 242,000 bales, or
now
1,U«,1.'.M,()4)0
UHU,41.'>,0<H>
Totiil
BiirpIiU)
a03
parlii of the Empire tli* bualaMa ol
report«d aa bavInK b«nn
or Ira* uoaslla
factory. Id conaeqaence of political uoaaslneaa,
iDdaatrlal Inactivity, and foreign competition,
Tnla aUta of lbin((K haa kept
tho past season
all
mom
is
But there was more or less of " short-time" last season. If we
compare the estimated supply with the power utconsumptloQ, we
supply constantly ahead of demand, and preventwl prndac«r>
from obtaining remunerative prices, while lh» relatively
high
get the followinf: result.
price of cotton
Pounds.
SiiliuUcs.
Per
tiroat Brltulu
CuntiiK'Ut
3!t.500.0<)0
Totiil
Siipiily us
09,500,000
DeHcit
Pounds.
Splnille.
the disastrous effect of English competllloo.
i,3o:j..')00,ooo
20,000,000
1, 000,000.000
r,3
208,000 bales of 40O
83,500,000
lbs.).
The above fig^ares do not take into account the fact that we
commence the season with Sl.l.OOO bales less in the ports of
Europe than twelve months since^the importance of which
circumstance will depend upon tlie developments of supply as
the new season advances.
CUNSUMPTION AND PRICES.
SuppOBinof tho rate of consumption to be somewhat larger than
last year, but still somewhat less than the full power of eonsump.
tlon— say half way between 2,182,000,000 lbs. and 2,363,000,000
lbs— the requirements of Europe for 1878-79 will be ab .ut 2,273,000,000 lbs., or nearly the same as the estimated supply given
above. That is to say, supply and demand would be about at an
equilibrium.
Under such circumstances, with a continuance of
the hand-to-mouth style of business which has characterized the
past season,
we should
1878-79 than in 1877-78.
look for a lower average of prices in
But the entire situation of the market
may
be clanged by a severe winter in the Southern States, or by
the adver;t of a better condition of trade in India ani China. Bo
far as can be eeen at pn^sent, however, the c'jances are in favor
of Blower racge of prices for tha raw material, and, consequently,
in favor of a
more
profitable business
say, failing to find a sufficient outlet for her
and China, owing
2.3«;{,.'i00,000
2,2.S0,(KM»,()00
above.
(e<iual
has further affgravated the ailuatlnn. Oo tho
whole, however, matters have not been any worae than
darlof;
the previous season. Nearly all our corrrspoodante complain
of
for spinners
and manufac-
many years past.
ST.\TE OP THE COTTOX INDOSTRY ON THE CONTINENT.
In September, we forwarded printed forms, containing the
turers than has been experienced for
Manchester, tbay
producU
la
India
to the
famines In those countrlea, Uaa flooded
the Continent with her aurploa production of yarna and good*,
which have been forced off at "slaughtering prices. " From
some districts, too, there are loud complainU of Alsatian com'
petition.
A report of the Augsburg (Bavaria) Cbamb«-T of CommeraB
and Industry says that few mills have earned more than bar©interest; others are working without profit, or at a poaitlva losa,
and it is apprehended that many will be utterly ruined before
long.
The causes of
by the report
this deplorable state of
thing.' are stated
The exeeuite over-produetian in England,
where 10,000,000 spindles have been added during the past seven
to bo: (1)
much
years; this increase alone is twice as
as all the
>
piodlea of
Germany, including Alsace. Ureat Britain has now 41,000,000
spindles, and there is not cotton enough to feed them; moreover,
the American mills are using more cotton every year, and are
competing with the English goods in foreign mark<<tt<. Thla
colossal over-production of England keeps cotton at a i)rice which
is unhealthy, and at the same time inundates our markets with
goods at slaughtering rates. (2) The Oriental war and reduction in export for Danubian principalities.
(3) The unsatisfactory condition of the German weaving establishments, owing
t)
the
competition
was
Aleace
arising
Germany
markets,
and
accession
of
when the
re-action
looms
/rem
engaged
largely
not
towards
supply
feel
the
manufacturerf.
the
elect
French
of
the
end
of
1875,
in in France, and the English com-
until
set
did
the Altact
to
the
same time, owing to the unfavorable
and Cbina trades. Weaving in Germany is
nearly in all cases an absolute los.-i. (4) The intufficiincy of the
protective duty, in conse<][uence of which England csuiiuuefl to
1 11. Has the character of the business of the past Bea?on been satitfnctory »r
mwaUsfacIory, and what onses have influenced the course of trade ? What work from
2,000,000 to 2,500,000 spindles for the German marare the prespects for
petition increased at the
fol-
lowing iist of questions, to correspondents at every cotton port
and cotton-manufacturing district on the Continent
position of the India
:
the new season ? Has the competition of English yarns
aiw giiods increased or diminipheri. compared with previous seasons ?
a. Has tho confumption of cotton in year district increased
or decreased
and what do you estimate the difference per cent compared with the previous
kets.
The export
to Austria has increased, but only at prices
which at ordinary times would not be taken into considera ion,
iteason ?
and which were only accepted for not stopping the mills. All
J. Are the stocks of raw cotton at the mills in yrnr npighborhood
larger or
mailer than they were nt this time last year » If so, what is the approximate this would be avoided if Germany had the same protective duties
olnercnce per cent V Slate npproximstely the number of weeks' requirements
as France has against imports of cotton goods from England.
low on band.
i. Are the stocks of yarns and goods larger or smaller than
they were at this The spindles in Germany have increased from 3,000,000 to 4,800,time last year? If so, what is the approximate difference per cent?
State
000—say by 00 per cent thtough Alsace beinK annexed, and
pnroxnnatfly the number of weeks' production now on hand.
5. What increase (if any) ha« there been in the number of
spindles in your
35,003 looms have been added thereby, all of which would have
'
neighborhood r
6. What 18 the total number of spindles now in existerce
caused a crisis much sooner, if the over trading in 1872 and 1873,
In your country,
*h<i how many (if any) are not running at tho present time ?
'• What is the avcrn»c consumptionof cotton per spindle per
annum in your and subsequently the splendid business of the French cotton
neighborhood when all the machinery is fully at work i
manufacturers, had not staved it off.
8. Plea e state the number of power looms in your country, and
the
number of hands employed in spinning and weaving, either by oSldal return
Our Alsatian correspondents complain of English competition,
or approximately ?
not
so much in Alsace itself as in the German and other outlets
Has
'•
there
been
any
increase in the demand for the products
,
—
of your
olnrxt for export either to Continental or more distant markets.
take this opportunity of thanking our numerous corre.
spondents for the prompt and hearty manner in which
for Alsatian products.
We
There
One new
is
no change of moment in the number of spindles.
mill containing about 30,000 spindles has been built in
they have answered our questions, and we trust that the
perueal of our report will afford them some recompense
for the trouble which they have been put to in complying
with our wishes.
13avaria bu an old mill containing nearly 60,000 apindlea has
The rate of consumption has been about
been destroyed by fire
the same as done the previous season. The stocks of cotton are
rather larger. The stocks of yams and goods are decidedly largar.
RUSSIA.
No change for the better is expected until English
Prctpeett.
Past Season. Owing to the depreciation of the currency and competition is diminished, either by reduced production in Engto the law compelling the import duties to be paid in gold, the
land, or an improved demand from India and China, or an
business in cotton yarns and goods has been very favorable to increase in the^Qerman import duties.
producers, and prices have materially advanced.
All the fairs,
AUSTRIA.
especially that nf Nish-ny-Novgorod, have gone off satisfactorily.
Past Sioton. Unsatisfactory, owing to unfavorable political
Ihrre has been some increase in spindles. A recent official circumstances, slow trade, and increased competition of English
count gives the total in the Empire as 2,858,283, including 278,- manufactures, which causes have reduced the prices below the
640 in Poland.
The consumption of cotton has been somewhat cost of production. The import of English yams and goods stimlarger than in the previous season. Tho stocks at
the mills are ulated, owing to the anticipated advance In the import duties.
small; but spinners have purchased probably six months' supNo increase in spindles, but mills containing 75,000 heisff
ply for forward deliverv,
There are no stocks of yarns or goods built. Consumption of cotton about the same as laat year cerof moment in first hands. Spinners have contracts on ^hand for
Stocks of cotton at th»
tainly not more, possibly slightly less,
—
—
—
;
I
THE CHRONICLE.
504
millB rather larger in
whole,
little
Prospects.
change.
some
places, but smaller in others on the
Stocks of yarns and goods rather larger.
;
— No immediate
improvement anticipated, owing
products, selling at "slaughtering prices."
SWITZERLAND.
Past Season Unsatisfactory, owing to unsettled politics, overproduction, and English and Alsatian competition, all of which
have rendered sales diffieult, and, in combination with relatively
dear cotton, kept prii'.es at an unprofitable level.
No new mills built, but improved machinery introduced in
some old ones, and total number of spindles slightly increased.
Hoars of labor reduced by law to 11 per day, but very little
redaction in the (onsumption of cotton, owing to increased production of coarser counts of yarn. Stocks of cotton at the mills
Stocks of yam unchanged, but
rather smaller than last year.
those of goods rather larger.
Prospects. Little amendmont expected until an imp oved
demand from India and China diminishes the competition of
English products. Fears are entertained that the impending
renewal of commercial treaties with various foreign countries
will be signalized by increased import duties, which will lessen
the demand for Swiss manufactures.
—
—
HOLLAND.
—
Past Season. Very unsatisfactory, owing to the small margin
between the raw material and the manulactared article. The
export trade to the Dutch East Indies has suffe.-ed greatly, in
consequence of the increased competition of English manufactures, brought about by the abolition of the diflereutial duties on
imports into Java, &o. This competition in the export trade has
led to an increased production ol home-trade makes of goods, and
thereby depressed the market.
There is a slight increase in the number of spindles. The con
sumption of cotton has been about the same as last season. The
stocks of cotton at the mills are smaller than last year. There is
little change iu the stocks of yarns, but the stocks of goods are
larger than last year.
— There
has lately been some improvement in th^,
demand, and, with the promise of cheaper cotton, a more hopeful
view is taken of the future, though the feeling in this resi)ect is
not very sanguine.
—
if
anything, slightly decreased.
In consequence of the bad
Btate of trade and the relatively high prices of the raw material,
spinners have purchased only from hand to mouth the stocks of
cotton at the mills are, therefore, smaller than last year.
The
;
is
destined to be
BPAIN.
—
Past Season. Unsatisfactory, owing, partly, to the poor grain
harvest caused by the drought, and partly to the adverse influence of the universal commercial crisis.
No increase in spindles. Those driven by water have been
running short-time, owing to the drought but those driven by
steam have been mostly running full time. Leas cotton has been
delivered than last season, bat the stocks at the mills are
smaller, so that the weight consumed has probably not undergone
any material decrease. The tendency has been to go on to lower
counts of yarn. The stocks of yarn are smaller than last year.
In goods there is no change of moment —possibly a slight
;
increase.
Prospects.
— At present
t'ie
The
mills are not fully employed.
future course of the trade depends upon the hirvest prospects
and the state of trade generally.
ITALT.
—
Past k'easori. Unsatisfactory, owing to the high price of cotton and the slow demand for goods. The competition of English
imports has been less than was experienced last season.
A slight increase in spindles. There has been an increase of
about ten per cent in the consumption of cotton. The stocks of
cotton at the mills are smaller than last year. The stocks of
yarns and goods, especially the latter, are larger.
A little better, as an increased consumption maybe
Prospects.
expected in consequ-nce of the favorable out-turn of most crops,
—
SWEDEN.
Past Season.
— Unfavorable, owing to a diminished consumption
of manufacturi-d goois.
There are fewer complaints of English
competition.
There is no increase in the spindles. If anything, the consumption of cotton has been less this season than last. The
stocks of cotton at the mills are much smaller than than they
were twelve months ago, but the stocks of manufactured goods
are
much
larger.
Prospects.- -'ih.6 condition of the industry is unsatisfactory,
and there are no signs of any immediate improvement.
THE COTTON MILLS OF INDIA.
The
BELGIUM.
Past Season. Unsatirfactory. Produn ion has exceeded conenmption. Tlie export branch of tlie trade has been iujured by
the Eastern war and by " the revival of the protectionist policy
in countries to which we exported an important piirt of our production." The home trade has been injured by the impoverishment caused by the late financial catastrophies, by the bad state
of the glass and metal industries, and by the English comp3,itiou,
which has become greater than ever.
There is no increaee iu spindles. Tlie consumption of cotton
has,
reduce her immense production, our industry
ruined next season."
to
large stocks of goods and the ruinous competition of English
Prospects.
fvcL xxvn.
work
latest offleial reports give the
in India as 1,275,000, of
number
Presidency, and 250,000 in other parts of India.
rate of
consumption
is
now
of spindle.^
which 1,035,000 are
at
BombayThe average
in the
about 75 lbs. per spindle per annum. Oa
during the past season amounted to
this basis, the cocsuinption
108,355,000, or
progress
made
The
about 377,000 bales of 390.
of late years is
shown
in the
Cotton
Year.
1801
1874
1K75
1876
1877
1878
Spindles at
work.
Pounds.
338,000
25,3.50,000
.'>'.)3,000
44,475,000
66,450,000
84,300,000
02,325,000
95.025,000
880,000
1,124,000
1,231,000
1,275,000
extraordinary
following table
:
CoxptrMisn.
Bales (if 390
pounds.
Bales
ij!
65,000
114.000
170,000
216.000
237,000
245,000
iveek.
1.250
2,190
3,270
4,150
4,560
4,711
stocks of both yarns and goods were large last year, but they are
larger this
variously estimated from three to six months' pro
Many of the Bombay mills have been working more or less
short-time this year, so that the quantity of cottorf actually con-
duction.
sumed has been somewhat
;
Prospects.
— Unfavorable, owing
to the large stocks
on hand,
and the severe competition of English products.
FKAXCE.
—
Past Season. Unsatisfactory throughout the season, owing to
the unfavorable condition of all branches of industry, reduced
consumption, and foreign competition. English yarns and goods
less tliaa 345,000 bale.".
In reference to this branch of Indian industry,
Mr.
J.
E.
O'Connor, Assistant Secretary of the Government of India,
Department of Revenues, &c., in his " Review of the Trade and
Navigation of British India," published this year, says: "It
appears that Bombay -made twist is suited to the Chinese market,
where it is much liked. The trade has increased rapidly, and,
judging from the accounts of the current year, is still on the
" Indian piece goods do not make such rapid progress
iacreased imports from Alsace and Switzerland.
increase."
There has been no appreciable increase in the number of as twist iu markets external to India, but it may be hoped that
spindles.
Here and there, short-time has been worked
the in'course of time our cotton mills will find good customers for
effects of this on the consumption of cotton has been partly their sliirtinsjs in the neighboring countries.
Manchester piece
counterbalanced by the increased production of the lower counts goods are clearly not much to the liking of the Chinese, and the
of yarn but, on the whole, perhaps less cottou has been used Americans are trying to oust them from the market altogether,
this season than last. The stocks of cotton at the mills are much to the benefit of their own goods. There appears to be no parsmaller than a year since but the stocks of yarns and goods are ticular reason why Indian gray goods should not be able to suclarger.
cessfully compete in these markets with either E.iglish or Amerhave sold
at ruinously
low
prices.
Of
la'e, too,
there have been
;
;
;
—
Prospects. Unfavorable, owing to excessive stocks, slow de
ican goods of similar qualities."
mand, English competition, and general uneasiness. Short time
rOUEIGN COMPETITION OVER riiODOCTION.
in England and elsewhere advocated as the only eiTectual cure
Nearly five years ago, just before the last Factory Act came
for the present unsatisfactory condition of the trade everywhere.
into operation, wo drew attention to the rapid growth of foreign
One of our correspondents says " If England, in the face of the competition, which we stated was " worth the serious attention
development of the cotton Industry in all parts of the world, is of those who have been, and are still, directly or indirectly seeknot able to find a new out-let for her manufactures, and does no
ing to increase the cost of production in this country." Since
:
:
—
I
NOTXMniR
THE (CHRONICLE.
10, IS'iS.J
then the competition of the United Statei, the Continent and
Ixui become incr««8inKly Mverp, aa will be seen by a ((lanee
•t tho following account of the consumption of cotton in 1860
India
1870-71. and 1877-78, In 1,000'a of bale* of the
400
each
Ibn.
uniform weight of
505
here
li madeelemr In the foltowlair **hl*, which g\rrm the eipart
of piece good* and yarnii to KraDC*. Germany, Holland, llxiKlain,
Italy
and Austria,
last ten
maaoM,
In millions of
eoiled
PIrce Oondu, ymHn.
rmliil Sluto»
Iliklea.
Per root.
2.817
1.704
1,08H
404
."5,600
The Bgurea
1877-78.
1S70-71.
Balri).
Per cent.
Bnlea.
31-5
i.oiiu
2,09S
2,473
101
1
,200
47-9
31-4
19-3
H7
1-4
aso
ludlii
Totiil.
1000
1000
«.'240
Percent
7,343
•erage dellveriea
for the United States are the
1861.
26-7
..
257
303
1808-69
ft6-8
1860 70 aS'Il
1870
71
ft6-7
•«
22
ll(l'2
81 1871-72
1872-73 u>7-r,
1000' 1873-74 118-9
40-6
33-7
for
and 1800, 1S70-71-72: and the actual deliveries In 1877-78,
minus 46000 bales suppoa d to bo on hand at the cloie of the
The
deliveries
were
1,,540, 000,
the consumption
is »'8li-
1,500,000 bales of 443 lbs. net, or 1,6.')7,000 bales of
m»tt'<l at
!00 lbs.
held her ground pretty well between 1800 and
a very adverse changa has since taken place. The total
incffise for all countries between 1800 and 1871 was 547,000
bales, of which 171,000 bales ffll to the share of Great Britain;
the total increase between 1870-71 and 1877-78 was 1,097,000
bales, liut (treat Britain, so far from participating in th's increase,
actually consumed 5,000 bales lees in 1877-78 than in 1870-71;
and vet, in th (ace of these indisputable facts, we are told by
the leaders of the operative.", and by others who claim to be leaders ot public opinion, that Lar.cashire is suffering not from
These writers
foreign competition, bat from over-production
appear to have no idea of foreign competition, except that which
forces itself upon their notice in our own shops and warehouses.
But our spinners and manufacturers are not afraid of foreign
competition at home. They know that the quantity of American
or other foreign cotton products imported into England is a mere
flrcat Britain
1S71; but
I
and can never .assume serious proportions. But what they
is the competition of America, the Continent and
The total annual consumption of
markets.
Indi.'i in outside
cotton in Great Britain may be roughly staled at 1,350,000,000
About one-fifth is worked up into goods suitable for home
lbs.
consumpiion; the remaining four-fifths are converted into goods
Our manufacturers have no fear of foreign
suitable for export.
competition in respect of the 3.jO millions consumed at home, but
«arh of th«
>undii. In
IMI
in the year
:
Itw.
3841
Hill,
41I-0
2."t6
1874-7.-I
930
187.V76
1876-77
1877-78
92
260
302
268
200
274
69-5
287'
625
270
Ibik
1130
170-4
gfl-4
85'6
10.f3
lOl'U
221
nl'O
77ft
4oiiii
3M7-7
M-i
116 5
KHt'6
104-3
108-7
1
TnM.
tit*.
lIU-l
H9-2
!«••
K<|ual In
To
191-71"}
479,«M>
-I
1
1
I
'
.
.
.
nH'4
IHt'l
].,...
1
I
1.,.^
.
I.
1
The war
OeMoa
llMI.1
i.|T«
AImoo from Prance to
Germany, caused an exceptional movement In the tr«de during
the first and second, and part of the third, seMon succeeding the
peace.
We have therefore given a separate column for France.
of 1870-71, an! the transfer of
There
Is no doubt that the temporary withdrawal of labor from
the cotton industry during the war stimulated exports from England to France and Germany. It is evident also that the with-
drawal of Alsace, with its 1,700,000 spindles, from Frince forced
up the price of cotton products in France to such a fieigbt aa
admitted of larger imports of yarns and goods from England at a
profit than w.iuld otherwise have been the case; but the table
shonrs that whatever advan'age was gained by F'nglan
daring
and immediately after the war, his since been more than lost
the total exports of yarns and goods (reduced to pounds at the
rate of five yards to the pound) last season to the countries named
being less than in 1808-09, and considerably less than !n 1801.
In the last column of the table we have reduced the yarns and
goods exported to their equivalent in raw cotton. The figure*
1
sliow that the decrease in the exports since 1873-73
130,000 bales of cotton of 400 lbs. each
is
— representing
eqaal to
a loss of
trifle,
trnde to our spinners and manufacturers equal to over 2,300 bales
are afraid of
of cotton per week.
they have very grave fears indeed in respect to the 1,000 millions
sent abroad.
That
production of cotton goods during the post few seawants of the world is true enough, though
tlie
sons has exceeded the
hard to say how much of the excess is due to a temporary
reduction in the power of consumption,, owing to deficient harit
is
vests
how much
and bad trade, and
what
to
is
vaguely termed
may have
over-production; but certainly whatever excess there
been cannot be laid to the charge of Lancashire.
and yet ii is a fact fully set forth in the following table, that
whereas the weight of cotton consumed in Great Britain during
the past season was less than iu any of the previous seven
seasons, the weight consumed on the Continent gradually
increased
from season
to season
:
Continent.
Obbat Britain.
Season of
Deliveries,
I
Consumption,
Deliveries,
Xwuuds.
imunds.
pounds.
l,2t«,024,000 l,105,'272,OO<)
....1,127,520,000 l,in."),272.000
... l,280,G40,0Oe l,227.ir):!.tKMI.|
....
l,24l),70«!,0O0 l,2.'i!i,s:iti,ooo
....1.108,838.000 l,221.:i77,<10<l
1
,270.287.0<)<l
1
,270,2
',0110
I
I
I
784,700,000
O0.'!,3.'>0,000
788.3.-)0.OOO
821.(i:t8.000
1,000
)2O,0:!2,000
l,02(l,:i7
.000
l,278,."):is,000 1,27:!.2
1,1U3,1.")8,0(>0 l,10:i,l.)8,OOOjl,014,.M(7,000!
Total
The
....
Cousimiiitiou,
ponniiB.
808,700,(KM)
802,(i:iK,ooo
S'.Kj.lKi.OOO
Hi)t.2(12.000
872,000,000
oi."i,:i7f>,ooo
9(!i,i4:s,ooo
070,80."i.(K>0
980,415,000
0,852,711,000 9,838,911,000 7,143,066.000 7,11 2,516,000
difference
between the two
— 13.800,000
totals
30,350,000, of
The present population of France is at>ont
Germany 43,.500,000, of Holland 3,810,000, of Bel-
gium 5,450,000, of Austria 38,300,000, and of Italy 27,770,000,
making a total of 155,080,000. The exports of yarns and gooda
to these countries in 1877-78 amounted to 155,700,000 lbs., or
about 1 lb. per head. In 1801 the population was about 140,000,Even
000, and the export 170,000,000 lbs., or 1 -21 Ibj. per head.
the greatly diminished trad-; of last season is therefore 20 per
cent less in proportion to popula iou than it i"as in 1801. Besidea
thifl gradual decrease in our exports to tho Coutinent, onr manu-
almost entirely lost the American trade, onr
exports to the United States last season being only 47,400,000
yards, against 230,800,000 yarJs in 1800; while within a veryrecent period mills have been erected in India capable of turning
out between 400,000,000 and 500,000,000 yaids of calico, the
facturers have
greater part of which would otherwise have been
Our uumerous Continental correspondents complain of ovi rproduction in England, but they all appear to be perfectly unconBcious of anything approaching over-prod uctiou oa theCoatinent,
lbs.
for
Oreat Britain and 30,550,000 lbs. for the Continent— represents
the surplus unnonsumed stock of cotton in the mills at the close
English spinners held a heavy surplus stock
end of the season 1870-71, but they held no surplus whatever at the. close of the following season, and it was supposed at
the time tbat the weight of cotton spun was about the same in
of the last season.
at the
'
and
Oooda Yam,
France (nben.! Total.
185!»
season.
30.
:
18R0.
Ori'ftI nntulii
<-ii|lllM(llt.
yard* and p
Hrptember
lioth seasons.
It is said that the Continental markets have been flooded with
English yarns and goods. That there is some misapprehensioii
i
roduced hi
England.
Throughout the world, in fact, the markets for the products of
Lancashire are becoming more and more insecure in consequende
of the activity of successful rivals, who are taking lower prices
Lancashire can, under present circumstances, afford to
The obvious remedy for this state of things is— reduced
But the operatives, whose partiality for
cost of production.
hijh wages is pardonable, the Continental spinner, whose desire
writers,
to get rid of a competitor is excusable, and a few public
whose misconception of the entire situation is nnpardouable, say-
than
accept.
remedy is reduced production, that is to fay—
" short-time." in England. Of course the operatives and their
advocates would like to see production reduced abroad; but In
adopted
the absence of this they insist that "short-time" shall be
that the proper
home. Curtailed production, they say, would raise the price
in the rate of
of goods to a paying level and render a reduction
wages unnecessary; and they wonld rather work three or (our
reduced rate,
days a week at a lull rate, than six days at a
at
of shortalthough their actual earnings during the continuant
according'? as they
cent
pef
50
to
33
reduced
be
would
time
worked four or three days per week.
production wouM terd to raise
It is perfectly true that reduced
cost of production, as the
tho
raise
also
prices; hut it would
of the mirs would have to be
fixe 1 expenses (a very large item)
instead of six, and
spread over the out-turn of three or four days
whole
the advance in prices would either in part or
the adopBut
production.
of
cost
increased
the
by
be absorbed
be simply suicidal. The
tion of such a policy as this would
forelga
prices to which it would lesd would render
in this
way
advance in
.
,'!
THE CHRONICLE.
506
[Vol.
XXVU.
compe:ition more powerful than ever. It is in point of fact
precisely what our Continental, American, and Indian competitors
are longing to see, as it would enable them to increase the sale
of their products, and obtain a foothold in the outside markets f
convulsed by an unpleasant re-opening of the Eastern Question,
more caution will be needed in selling than in buying at 5 5-16d.
But, as a matter of fact, there are
to 5|d. for middling upland.
the world, from which it would be difficult, if not impoeeible,
afterwards to dislodge them. A good customer is far easier lost
result of the present demoralizalion, after which, they say, will
i
than regained.
We
know that it will be said that we cannot expect always to
hold a pre-eminent position in the world as manufacturers of
calico; that we must expect other nations to become more independent in the matter of shirtings; and that we must be satisfied
with a slower growth of our manufacturing system than we have
hitherto er joyed; but surely it is our duty as well as our interest
to retain the position which we hold as long as we can; to resist
the tendency towards decay until resistance is no longer possible;
and not tamely to submit to an ignominious defeat. If (to use a
hackneyed, but very appropriate illustration) the advent of Lord
Macaulay's New Zealander is inevitable, that is not a reason that
we should hasten his arrival. That bad trade is compelling
gome producers
to
go on
" short-time,"
to
and others
the position taken up by the operatives and their leaders. What
they wanted Lancashire to do was to reduce the rate of consumption irrespective of what was going on elsewhere, j uat as if the
manufacturing of cotton goods was a British monopoly. Now,
however, bad trade has compelled some of our competitors, as
well as ourselves, to resort to "short-time." This will prevent
our rivals obtaining bo strong a foothold in the markets as they
would have obtained, if we alone resorted to reduced production;
and enable us to avail ourselves of the improved demand, when
it comes, much sooner than if spinners and manufacturers had
put into practice the mischievous but plausible theories which
have mystified the other\vi^e clear intellects of several public
writers, and not a little puzzled a number of people belonging to
RUMFOED STREBT, LIVERPOOL,
who
come a sharp
are confidently looking for 5d. as the eventual
new
Provided, however, no
re-action.
(
i
political
complications arise, we are inclined to think that matters will
begin to improve before so low a figure as 5d. is touched. One
—
I
very certain namely, that the fall in prices will do more
than ary other influence to lift the cotton industry of Europe out
of its long-continued condition of extreme depression and un-'
thing
is
'
profitableness.
1
consumption in Grtat Britain is
generally estimated at about 45,000 bales of 400 ibs. per week, or
30 per cent below a full rate which is 62,600 bales per week.
The present average
rate of
i
—
i
'^axutixv^t (^ommtxcinX gnglistt ^cmjs
K%XB8 OF BICOHANaE AT I.ONUON AND ON LONDON
AT LATEST DATES.
AT LONDONNOVEMBER 1.
i(iA<JHy»N(4K
OK—
Parirt
TUta.
BATS.
•K.88Jia25.38K
25.5i;4 ©23.5754
wO.78 ®ao.84
iO.78 aSO.Si
S0.78 ©20.63
25.60 ©JS.es
n.-i'A (ai2.3X
Berlin
"
aambnrg
Frankfort
**
....
Antwerp
Amsterdam.
Amsterdam
Vienna
Genoa
**
..
.
.
short.
8 mos.
'•
»'
public.
Madrid
New York
Nov.
Nov.
Nov.
Nov.
N>,T.
RATK.
TIHS.
1.
short.
85.32
1.
short.
20.
1.
3
mos.
20.62
1.
thoit.
20. S2
J6.3ft
'*
1.
1.
**
W
12.0&
...*
Nov.
Nov.
1.
3 mos.
117. i*
1.
short.
J7.45
46H
46K®46Ji
3 mos
Oct. 30.
Oct. 31. 60 days.
Oct. 8. 90 days,
*'
Sept. 1-3.
6 mos.
Oct. 2o.
"
Oct. 2i.
*'
Oct. 27.
Oct. 27.
U. 7M.d.
U. 7M.
60 days.
"
Calcutta
Hong Kong...
Shanghai
COTTON BROKERS.
©18.15
©23.45
©28.45
>
....
Ii;o Janiero...
Not.
@12.b%
90 days.
Bomoay
CO.,
12 5?,12.10
28.35
2J.35
,.
Cadiz
Lisbon
Alexandria
EXCHANGE ON LONDON.
LATEST
DATS.
short.
3 mos.
Valparaiso
community known as the outside
ELLISON &
7
people
to close
their mills altogether, is true enough; but that does not justify
that section of the
many
\
*
:::::
C6»i
i.SiH
:-iii
57
1«. -I}ill.
18.
8«.
7JiU.
a)4d.
5». •i-t.d.
October SOth, 1878.
— October
30.
The publication of our report has been
unavoidably delayed, owing to our anxiety to get the latest and
most complete information from the Continent.
Our review of the course of the market comes down to the close
of September, at which date middling upland was quoted at 6id.
on the spot and 6 3-32d. for distant futures.
The prevalent
impression was that the stock of cotton would be so seriously
reduced that a further rise in prices would be witnessed in October-November; but the destruction of confidence, occasioned by
the unexpected stoppage of the City of Glasgow Bauk on the 2d
P.
S.
Fleming &
and others,
Liverpool and
October, followed by the failures of Messrs. Smith,
Co. (Oct.
4),
Messrs. Heugh, Balfour
&
Co.
Oct. 11),
has completely demoralized the markets both in
Manchester. The spot demand has fallen to esceeditgly small
dimensions; the supposed October " corner" for futures has
collapsed, and prices have receded to SJd. on the spot and 5|d.
for distant futures.
The tone
and depressed. The restriction of
owing to the late failures, has paralyzed
Manchester, and compelled spinners and
at the close is flat
financial accommodation,
the shipping business in
manufacturers to curtail the out-turn of their mills. This reduced
rate of consumption has obviated the scarcity of cotton which at
one time it was thought would be experienced before the free
arrival
of the
new
The downward
course of prices has
been further accelerated by the rapid decline at the American
ports.
While the market has been adversely affected, like every
crop.
other business centre, by the actual and threatened political difficulties in the East, which are harassing trade in general
throughout the world.
We have already stated that,
tFrom oar own correBpondenl.1
London, Saturdav, November
The Bank return published
character,
this
week
and there are indications
is
of a
2, 1878.
more favorable
of a steady return of confi-
generally expected that the process of recovery will
be a slow one but at the same time the tendency ia iu the right
direction, and capitalists may quickly discover that to employ
dence.
It is
;
at a reduced rate is more profitable than to allow it to
remain idle while the rate remains at the comparatively nominal
figure of 6 per cent. During the present week the tendency of
money has been downward, with a renewed demand for choice
paper on French account, and business has been done as low as
5 p?r cent; bat the more general quotation is 5f to 5| per cent.
It is an important circumstance that so many of the banks in thi.s
money
country have devoted their attention of
late
years to
large
accounts, to the prejudice of their own interests, as well as of the
general community. It requires no learning and not much intuition to realize this fact
—
that,
the directors and managers of banks
should so place the capital and deposits at their command that
when they are required they may be obtainable within a reasonaThe large accounts of our leading firms, desirable
ble period.
The
as it is for a bank to hold them, are not remunerative.
firms in this city of undoubted soundness do very little discount
business, while those firms which, from injudicious support, have
sprung up during the last twenty years, and which transacted
with the banks a large discount business, have proved a heavy
burden, and have caused to bank maiwgers great anxiety. It
may, perhaps, simplify bank management to operate on a comparatively limited area; but such a policy
is
short-sighted, as the
the probability is that a lower range of prices will be
witnessed in 1878-79 than was current in 1877-78; but after so
long a period of depression, and with a prospective supply of
acquiring a knowledge of minor firms,
whose credit is good and whose bills, though never regarded as
choice, are safer than those of firms who deal recklessly in milAs soon as a few of these " big" firms collapse, bank
lions.
cotton less than the reduced
directors are alarmed.
so far as can be Been at present,
consumption of last year, and
considerably less than a full rate of consumption, the chances are
against so low ::n average of prices for the season as the rates now
current for distant deliveries.
5i-million American crop), as
242,000 bales over last year's
think, therefore,
is lost
of
not whom to trust, and at the
whose method of conducting business has always been ^sound] and upright finds bank manager.!
present time
many
They know
a firm,
Our estimated supply (including a inconveniently exact. Were the directors to exercise mor^
shown previously in this report, is pains, and to spread their available funds over a wider area, it
We repeat
curtailed consumption; but as the would be more difficult to lose large sums of money.
stocks in the ports at the close of the season were 345,000 bales
less than a year previously, there is a net deficit of 103,000 bales
for the new season, supposing conFumption to show no increase.
One would
opportunity
that unless
Europe
is
going
to
be
many years past, that firms conducting a large, speculative and reckless business have been
acquiring an improper share of discount accommodation, to the
detriment of honest traders, and unfortunately, at the present
then, thUt the fault has been for
i
|
:
:
NovEMnsR
Ifl,
:
:
compelled to Ruxpend payment, through beioff refused the laclliA prominent
ties upon which the majority of merchants calculate.
however, of the pre»ent week is that riither more desire
to lend is evinced, and that there has been some relaxation of the
ritrinjiency which has been apparent since the City of Glasgow
liauk stopped payment.
feature,
of
week embraced
Bank
in the last
Kngland gained a supply of gold, according
ments, of £1,007,000.
held by the
Dank
The actual
week is
Bank
return, the
to the daily state-
increase in the supply of gfold
in the
£1,109,313, so that there has
been a return of nearly £300,000 from provincial circulation.
This is a very important feature, and, now that the movement has
commenced, a continuance of it, and upon an increased scale, is
anticipated.
It is very orenerally believed that, although more
failures are likely to lake place, the
worst of the crisis has been
has been remarked by many, and especially
by the French and Qermana on 'Change, that had it not been for
the good sense which has been exhibited by the public, a severe
sarmounted; and
The judgment
the public that the recent failures
in their disastrous effects has,
thug
of the press and of
would be comparatively limited
far, been verified, and a steady
return of confidence is looked forward to.
find
It is hoped, now that
support has been withdrawn, manufacturers will
possible to procure cotton at a price which will yield
it
them a moderate profit on the sale of their goods, and some
encouragement to do business is therefore anticipated. Were it
not for the fact that the state of politics
very dubious, and that
we are rapidly approaching the close of the year, there might be
some disposition to extend busineB,s but the facts we have cited
have an adverse effect, and there is consequently more inclination
shown to curtail than extend production. The reports from the
manufacturing districts are far from consoling, and there are
is
;
that throughout the winter there will be much distress
among the operative classes.
There has been scarcely any
change in the note circalation, and the increase in the total
fears
reserve
amounts
to £1,172,473, the proportion of reserve to
being 33-03 per cent against 2948 per cent last week.
The demand for money at the Bank has been restricted, there
being a falling off of £869,251 ia " other securities ;" and the
liabilities
Oovernmant appear to have repaid the Bank a sum of
" Other deposits" have been augmented by £451 ooS,
100,000.
idicating that the banks still possess large balances at the Bank
England,
of
the total of those deposits
being £23,310,943,
Since the panic there has been an
against £31,400,826 last year.
under this head of about £3,000,000. Business has been
very much curtailed of late, and it is safe to say that when
the tendency to lower rates of discount becomes quite distinct, the
relapse will be both rapid and important.
The gold movement has this week been quite in favor of this
country. According to Messrs. Plxley & Abell's circular, the
imports during the week have amounted to £1,710,616, and the
exports to only £103,500. The imports of silver have been £281,653, and the exports, £100,635.
The demand for money during the week hag been only
increase
"oderate, but a certain degree of firmness has prevailed, capitals
being
fT,
still
very reluctant to lend.
The market
how-
closes,
wiih a somewhat easier appearance, at the following quota-
me:
'
Bsnk rate
Open-market rates
Wand
iMIjyg' bills
Tiontns'biUs
Per cent.
6
]
I
I
5X®5V
BHasX
I
Opcn-marRet ratfio
Per cent.
4 months' banli bills
5J<i85>i
6 months' bank bills
tM&Hii
4 and 6 months' trade bills. 6!«a6
i
ihe rates of interest allowed by the joint-stock banks and
^count houses for deposits are subjoined
,
.
im.
£
to lUblllilM
Ifo.
.
.
•loint-stocK
Per cent.
,
banks
Discount hoa"e» at call
"I'count nouses with 7 days' notice
count houses with 14 days' notice.
4%
...'...'.'.'.'.'.'.'.'.'.'"
4H
4X
.......'.'.!!'..
4X
Annexed Is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
..!!!!!!
the average quotation for English wheat, the price of middling
upland cotton, of No. 40 mule twist, fair second quality, and the
Bankers' Clearing
vioai years
House
return,
retam.
lUtMK
II4MJ4I
M-U
e.
ft
Uh
t p.
p.e.
i'o.
U'ii.
lOKd.
BHd.
« 7-l»d.
9i,<ui,u).i lon.Mi.toD
e.
4p.
14.
rii. 4d.
4 p.
e.
inv<l.
mvd.
lokd.
»i,d.
«.>,d.
Id.
lot.mi.iw iN.its.ooo
C
41*. If.
exit
rid,
li.
m.mfiM
market has been firmer and the price of fine bars baa
A jwrtlon of the fupply of Indian
Council bills was sold on Wednesday at 1». 7id the rupee, and
next week only £20e,000 will be tendered for. This has had a
good effect upon the eilver market. The following are tb«
silver
risen to OOJd. per ounce.
present quotations for bullion
eoLD.
Q"W' '"« •:;
li"'
Bar
Oold, rcdnablo
.'Spanish
Mrox.
I>onbloons
_. ».
per
„^
" naros.
\JJ
South American Doubloons
Oultod States Gold Coin
German (old
d.
a.
....p«ro«. iiaodard.
...Mro«
paroa.
Coin.
p«r oi.
Bar Silver, line
Bar Silver con'ng 5 grs. Gold
Mexic/in Dollars
Five Franc Pieces
^
Quicksilver, £3
The following
compared with the four
pre-
i.
Qovemmentsecaritiee. 16,037.6-8
Other securities
2J,61S.569
Beserve of notes and
10,333,734
1ST7.
1876.
Year.
1871
China.
£1,88V<<6
!t,846..3*7
i,!H,»H
SiralU.
£657 718
l,W4.l»S
480.S1O
8,919,080
2. »,8I!0
7,888.665
18,817,915
7i>8,416
1,808,870
t,4»7,OT«
1,658.856
783.894
1,278.757
1,764,815
1,437,390
1.4(»4,8SI
7,09i,7M
870,180
8.714.404
9,410.783
15,867,888
6,187,580
a.WJ.iaO
Annexed are the current
foreign markets
rate,
p. c.
Pans
4
Berlin
4
8
Hamburg
5
4>»
Frankfort
5
4)i
Leipzig
6
4
Brussels
Amsterdam
Ocnos
Geneva
9,678,797
late,
p. c.
mark't.
p. c.
St Petersbarg
6
5
Vienna and Trieste...
Madrld.Cadlzund Bar-
4«
iX
Uebnn and
mfi
Oporto..
..
New York.
<«
Calcutta.
4
Copenhagen
*H
4^4.^
<Sb*X
4i.i
payments have been £31,193,337, against £24,493,104. The only
new companies introduced have been the Cheater Tramways
Company, with a capital of £33,000 in £10 shares, and the
Isabelle Qold & Silver Mining Company first issue of £50,000 in
£20 shares, out of a total of £150,000. The amonnt as given
above ia, however, increased by new issues of capital on the part
of the Caledonian and Midland Railway Companies.
It is understood that tne new Egyptian loan will be introdaced
The amount will be for
by Messrs. Rothschild next week.
£3,500,000,
The
in a five
There
per cent stock.
trade for wheat continue) very quiet, but choice qualities
of produce have, in
is,
as
is
some instances, realized rather more money.
known, a scarcity of sound home-grown
well
is a disposition shown to hold out for foil
terms for the better qualities of foreign produce. Good and fine
qualities of malting barley are dear, and it is worth noticing that,
although the average price of English wheat is only 39s., that of
barley is 40s. 5d. per quarter. The low average of the former Is
due, in great measure, to the poverty of the quality, numerous
parcels having been sold since harvest at 308. to 35s. per quarter.
wheat, and hence there
The following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, vis.
September 1, to the close of last week, ,cempared with the corresponding period in the three previous years
POBT8.
1878.
187
9,701,587
3.<«i,eoi
Wheat
Barley
l,98i.(i«3
i,98i.(>«a
3i.3.6ll
Oats
Peas
Beans
S7.891.538
Wheat
.%31S,fll9
.9,736,997
19,585,331
14.0I1,S33
18,698,364
Barley
Oats
Peas
Beans
Indian
rioor
8,829,681
Bank Open
celona
4ii
813.191
7,01«.«98
1,151, lis
Ploor
9,858,8:6
788,090
rates of discoant at the principal
£31,644,433, as against £35,1C3,710 In 1877; while the money-
M.f&I.VSe
19,818,688
4,478
4X
The total new caoital commitments in the month of October
have amounted to £2,394,230, while the actual money payments
upon these and previous subscriptions have been £3,364,303 in this
country alone. During the first ten months of the present year
the Bubscriptiong effected in Qreat Britain have reached a total of
81,308,885
1^.571,095
la,96f,S5i
lb,63il,<(55
l,48:.m
p. c.
3
4
a9,149,!64
6,731,4IW
18,633,156
75!:,461
mark't.
3
isi
29,10.i.02O
17,008,883
1
6,6M,45I
Bank Open
£
1.1.U.3,6J1
Total
£3.-,
:
£
88.448,697
4,U80,)73
21.40 i,(-2ii
Discount, 8 per cent.
India.
£1,651,390
1S78
1878
1874
'876
1S76
1S77
IS73
1874.
£
.'...peroi.
15s. Od.
computed by Messrs. Plxley, shows the
extent of the exports of silver from Southampton to India
China and the Straits to this date in each year
1875.
£
per ox. aUodard.
perox. aUndant.
per os
return,
IndianOom
1S73.
CteenlaUoo, including
£
l_*Sk post bills
3(j,3(>i.» rr
•;?'"« deposits
8.7'.5.7ii8
lUtner deposits
28.310.943
i
coin
< p.
40mnlutwlat
The
a.«t,»ll
tt.1«l,«4l
8Si. Od.
Mid. Upland coilnn...
(.Uo«rlui{ lluase
iri
M
SS'01
Oank-ralo
CouiOls
English wheat.sv.pric*
vm.
HIT.
Coin and bullion In
both di'parltnents ... »4I7.1M
rrnporiinn of reserva
fictitious
all
507
it
might have resulted.
panic
,
:
THK CHHONICLR
1878.J
time, both honeit and dlrlionest traduni are served mach alike;
hencv, it i» f«ared that from the want of reasonable support,
profitable alike to lender and borrower, some good firms may be
Puriug the
:
1877.
1876.
1875.
6,8.'8,99r
^«8,•!04
18,600. tS7
8.0tK,4l5
8.M4.US
8,881588
Wi.fm
*-**-5L*
19S.7TS
'J'MJ!
1,84I.«4S
110,MI
816.657
V18.0M
6:^,4«1
5.»4,545
1,1414:8
8.'.9I.1«9
4.4«I>,I81
M»,*a
1.014,UI
sxroBTS.
ewu
437,193
17,ll«4
Com
16.<tt
3,346
rSfiS
61.806
13,148
ax»
361.381
19,414
1»$.418
tasoi
n.3i4
V.K»
J.4n8
4.int
ii.esa
l.8t«
C33I
U«.'4«
6,901
».«
4,163
MOT
4.
en
t.tt»
7.4 41
».«M
—
THE CHRONICLE
508
During the week ended Oct. 20, the sales of home-grown
wheat in the 1.50 principal markets of England and Wales
amounted to 50,433 quarter?, ag.ainst 48,203 quarters last year;
and it is estimaied tljat in the whole Kinffdom they wt-re
201,800 quarters, against 193,300 quarters in 1877. Since liarv. st
the Bales in the 150 principal markets have been .'312.263 quarters,
against ^^."Oo qnartt-rs; and it is computed tlint ther liave
been in the whole Kiugdom 2,049,000 quariers, against 1,771,000
quarters in ibe correspoiiding period of last season.
Without
reckoning the supplies furnished ex-granary at the commencement of the season, it is estimated that the following quantities
of wheat and flour have been placed upon tbe British markets
since harvest:
Imports of wheat
Imports of flour
Sales of home-grown p-oduco
1878.
18T7.
cwt.
cwt.
cwt.
9,"61,5«7
1,151,125
8,8?9,S0}
9,8ii.»:n
1,147,378
7,678,600
6,476.801
1876.
Nov.
S,<i)3,0P0
18,643,875
15,979,419
21,114.44-1
370,582
803,t.2J
06,436
Result
19,236,511
Aver, price of Bn2. wheat for season 4J8. lid.
18,2:3.69!
66s. 7d.
15.776,8J9
46s. 7d.
21,ni9,0'2i
Total since Jan.
The daily closing quotations in the markets of London and
Liverpool tor the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Markit. The bullion in the Bank
of England has increased £271,000 during the weak.
—
Nov.
Silver, per oz
9.
Nov
d. 50 7-16
iwnsoio tor muuej
53(4
95 7-16
95 9-16
109>i
D.8.10-408
l(:»5i
m)i
58 of 18S1
!08x
U. S.4)r9 0flS91. ...107
10a
ln6Ji
IT. S.
com
stock
Illinois Central
N. Y. Ceutr.il
Erie
I'iVi
tO
Pennsylvania
Phila .& Reading
Nov.
11.
7-16
account.. 95 9-16
O.8.6s(5-J0s) I867....1003f
1)5
..
Wed
Nov.
IS.
Nov.
P-ri.
Nov.
14,
15.
50>i
95 7-16
9S 9-16
9i
IfS'i
109(4
107;i
.50X
00)f
9'! 1595 15-16 95'<
98 1-16
95 i:-I6 96 1-16
109
109
!0)>i
109Ji
109X
109X
lOS'i
103 Ji
lOli'i
;07X
19X
tOW
SOtj
SO>i
81
..
..,,
....
.
I'hur.
13.
81
'.
XIOU'
20
s.
81U
81X
xJ3>4
38 j<
Fljar(extraSiato)....»bhi.
21
Wbeat.sprlng.No.lSlOU)
do
do No.-i new "
do
winter W. new '•
9
8
Southern, new. "
Av. Cal. white.. '•
do
do
do
90
9
98
i
..."
Cal. club.
6
3
9 11
Corn, mised foft, old, p qr. 24 :5
'•
do prime, new
21 Q
24
9
8
9
9
f.
Beef, prime mess
i^ tc. 66
Lard, prime Wi'St ...^ cwt. 33
"
Cheete, Amer. choice.
47
^
.
cwt
'•
.
.
^
2
Men.
Sat.
8. d.
37
23
"
4
"
10
gal.
9
3
9
23
Tues.
Wed.
Thnr.
s.
6
31
(i
31
.3.3
9
33
47
s.
d.
B.
37
23
10
10
49
e.
U
44
29
33
"9
4
d.
9
2
9.S
d.
Tues.
37
38
9
33
47
d.
90
9 2
98
9 10
H
:i
9
8.
6
Wed.
s. .0.
9
9
6
9
24
23
9
3
9
Vri.
8.
6
d.
II
Thnr.
d.
22
Fri
8.
d.
:^7
8
9
4
10
22
fi
4
9
10
S.'i
'
6— Str.
Clyde..
"io
..,]
30,012,562
68,45:1,480
41:J777>»
67,150,1)13
Foreign silver
.
.
7— Str.
.Laguayra
Hadji..
8— Str. Andes
.
3, 810
400
145
,000
..
,.'31
..
327
751
S8!
Foreign gold
Amer. gold
Amer. silver
Aspinwall
10. 943
.
Amer. gold
Amer. silver
Amer. gold
Gold dust
Amer. silver
Aspi nwall
173. 737
.
silver.. ..
.
,073
Total tor the week (*211,719 silver, and $62,819 gold) ..
Previously reported ($10,934,721 silver, and $0 958,271 gold).
Total since Ian.
Same time
;B77
1876
1876
1874
1873
1872
.
1,
1873 ($11,206,440 silver,
and
t234,563
17,912,992
$7,021,120 gold)..tl3,22T,560
Same limu lu—
in-
813.765,2191 1871
9,9I4.5'0| 1870
11.495.9891 1869
5,480,450 1868
,
$8,409,318
ll.sKi.OlS
14.815.769
6,171.03.3
i
I.i,718.1f6
18-17
2,892,411
9,195,798
5,.347.772| 1816
The
trailaactions for the
week
Sub-Treasury have been
at the
as follows:
-Payments.-
Receipts.
,
Coin
$122 000 $1,450,715 f3
Currency.
Coin.
J.S83,.525 hK*1, 744,678 41
9.0.961 ft5
L.'ai.SJS .31
2,f83,014 76
857,795 37
644,540 49
233,904 31
521, 5PS 11
716,887 .32
1,5*«,7I4 61
2,01.5,412 91
1,138,2.3a 18
1,29,3,11)5 71
45),:39)
li
515,043 04
Currency,
*315,:i72 »7
695,040 92
238,8:il 10
323.864
931,9:<i 2,3
.32
45.1,647 45
327,313 34
Total
$1,7U3,0J0 $9,037,138 .33 $3,008,356 41 $7,938,011 45 $2,602,078 00
Balance, Nov. 8
127.831.373 90 40,.i79,796 22
Bilaace, Nov. 15
123,930,550 78 46,786,576 66
—
United States Four Phr Cent Bonds. The following
was issued by tlie Treasury D.ipartment at Wasliiugton Nov. 13:
"Any person subscribing hereafter for 4 per cent bonds, consols of 1907,
luithorized by the act of July 14, 1870, may pay for ihem with any of the .WO
bonds
of ihe act iif March 3, 1865, ' redeemable at the pleasure of tae United
States after the 1st day of July, lb70.' in ihesjime way as if ihey were cai'ed at
the date of subecripuun in regular course; but the s uofcriber, to avail himself
of this privilege, must accunipmy the subsc ipfon with a lull description of
such lionds by nnrabers and denominations, and must within thirty days
thereaftei forward the bonds to this department to he app icd like calltd
bonds.
" Of the amount issued of the above described 5-80 bonds there
standing and uncalled the amount of $26,035,750,
Living Age for
LiTTEi.L's
23
4
5.'>,rfi8417
Foreign gold
1879.
John Sherman.
is
now
out-
Secretary."
— Tlie extra oifir to new sub-
and the reduced clubbing
rales, are worthy of
note in the prospectus of this standard periodical. The success
of T/ie Living Age is well attested by the fact that on the Ist of
January next it begins its one hundred and fortieth volume. It
aftjrds a rich compendium of a current literature which is now
replete with the work of the ablest writers upon all topics of
interest.
It merits careful attention in making a selection of
reading matter for the new year.
scribers for 1879,
a.
$59,219,734
••
33
47
37
9
S"3
44
29
30
29
30
>7
10
rt.
lu
Amer.
305.000
314.000
263,000
874,000
27>,000
8 10
d.
44
6
s.
9.35
$5,607,109 gold) ... .$1 1,443,1 10
Same time
Gity of Merida.... .Vera Cruz
Customs.
24
4
8
9 10
24 a
23 9
44
30
Mon.
24
4
9 10
d.
47
8
d.
90
44
30
s.
s.
90
! 2
98
84
23
—
d.
r.
54
4
8
Mark>t. —
Liverpool Produce
Tallow, prime City.
Spirits turpentine
Rosin, common
Rosin, fine
Petroleum, refmed..
Petroleum, f-pirits
»
34
6
3
9 11
24 3
24
d.
Pork, Weslem mess.^ bbl. 41
Bacon, longcl'r.uew.^ cwt. 3'.
Bacon, short ciV. new
"
.32
d.
B.
98
Liverpool Provisions Market.
Sat.
d
B.
iua
ll,189',i'74
:
6— Str.
Nov
20
—
d.
and
ll]oC0
The imports of specie at this port during the same periods have
been as follows
4— str. Bahama
.St. Thomas
.\mer. silver.. ..
$4, 30O
106),'
13\
14
Liverpool Uitt-m Market. See special report on cotton,
Liverpool Breadatuffs Market.
sal.
Men. Toes.
Wed.
Thnr.
Fn.
—
(
4001
silver bars.
|2).,812,992 11871
41, 618.716 11870
60, 196,08-.
1869.
45 ,3fc8,44i I 1868
45.,9116,155
1067
66, 858,903 I 18f 6...
Nov.
Tnei".
1878 ($5, 636.001 silver,
3a.
47-<.
Market Reports— Per Cable.
«ioii.
1.
Same time in—
1877
1876
1875
1874
1873
1872
Nov.
Sat.
Amer.sil. Xdols.
12.500,237
1,015.6:1
7,6)0,100
99J.61.',
..19,191,85«
.
605,311
BugllMli
City of Richmond., Liverpool
XXVIL
Vol.
Total for the week (S31.j,9!6 filver, and $8,000 gold)
Previously reported ($5,.39 J,06 J silver, and §5,799,109 gold)
Nov.
Total
Kxports of wheat and flour
I
Amer.
Nov.
Nov.
1875
cwr.
9— Str.
.
,
—
The Southern Nevada Mining Company of Reno, Nevada,
have recently opened an oliice in this city, at .^2 Broadway, witli
Mr. H. L. Bean as agent.
Tliey offer $'i5,000 worth of the stock
Imports and Exports for tiie Week.— The imports of at the low price of $1 per share, in order to buy machinery to
last week, compared with those of the preceding week, show an smelt and prepare some three to four hundred tons of ore already
mined. This mine is said to be situated in a fine mineral section
increase in dry goods and a decrease in general merchandise
The totai imports were $-5,079,830, against $0,071,200 the pre- of Nevada; and those desiring to invest in mining shares will
ceding week and $"),.503,.51l! two weeks previous. The exports probably look into the promising offers held out by the company^
for the week ended Nov. 12 .amounted to $0,391,890, against
Among the cards of foreign banks and banker.s in the
5,986,008 last week and $$,-),C9G,.537 the previous week.
The CiiuONiCLB will now be found that of the Ncderlandsch Indische
following are the imports at New York for week eudiug (for Handelsbank of Amsterdam, Holland. This large corporation,
dry goods) Nov. 7 and lor the week ending (for general with a paid-up capital of $4,800,000 goll, has agencies at several
mercuandiee) Nov. 8:
points ia tlie Dutch possessions of the East, and in New York its
rOBtlON IMFORTS AT NEW YORK FOR THB WEEK.
correspondents are Messrs. Blake Bros. & Co., 53 Wall street.
~~ 1878.
1875.
1876.
1377.
Dry Goods
$I,.33;J,090
C. N. Jordan, Esq., chairman of the committee of first mort$9S9,048
$735,603
81.3 16.871
General merchandice...
2,806.475
2,779,330
4,036,73S
gage bondholders of the New York & Oswego Midland Railroad,
3.742,865
gives notice that a meeting will be held Dec. 17 proximo, at 11
Total for the week..
84,135,563
«3,708,373
®0mwxcvciitX amX3|XtscelXjtttC0xis ^eiws.
—
—
Previously reported
Since January
288,1.59,061
245,357,316
$290,294,626
«219,183,694
»4,7r2,.341
276,.563,516
t5,079,f36
24.3,737,545
$261,340,357
$24-^^81. 7,:381
In our report of the dry goods trade will be found the imports
of dry goods for oae week later.
The following is a statement of the exports (exclusive of specie)
from the port o! New York, to foreign ports for the week eudino-
Nov.
"
12:
ESrOBTS PBOM NEW YOHIC FOR THE WEEK.
For .u
the week
'^'S-
...
212,062,339
1816.
$4,58:1,319
22.i,835.964
$7,465,449
212,356,781
...
$217,377,592
t2)0,219,313
1249,882,230
..
,
$5,81.5,2.5.3
Previously reported
Since January
1
The following
1~^*'-
S"'",''cent
9— Str. Main
City
Panama
London
Canal Co. building, corner Cortlandt
proposed compromise with the
— Attention
Co.,
which
This firm
is
is called to the card of Messrs. Inman, Swann &
will be found on the last page of the Chronicle.
one
of
the most prominent
among
the cotto'n commis-
sion merchants of this city, and a special feature of their business at present is that of making loans on Southern securities.
—
•
$.301,017,:370
of specie from the port of
9, 1878, and also a com1878, with the corresponding
for the
parison of the total since Jan. 1,
totals for several previous years:
Nov. 7— Sir. Billio
Liverpool
HOV.
& Hudson
streets, to act on the
holders of receivers' certificates.
Copies of the plan for re-organization, the committee's report,
and forms o' agreement to be signed by holders of the Illinois &
St. Louis Bridge and St. Louis Tunnel Railroad, can be had at the
1877.
show the exports
week ending Nov.
will
New York
Sr°^-
A. M., in the Del.
and Cliurch
...
1
Mex. silver dels . $146.S36
Amer. silver bars.
67.000
Amer. gold c(dn
Mex. silver dols..
.
.
« 000
23,(0U
office ot
Drexel,
— Mr.
Morgan &
Co.
F. E. Trowbridge, banker and broker, 7 Broad street
makes a specialty of dealing in certain Western railway aud city
bonds held in high repute in this market, as may be seen by his
card on the fourth page of the Chronicle.
Mr. Daniel A. Moran offers for investment a limited amount
of the Delaware Lackawanna &M'^estern Railroad mortgage bonds,
which are entitled to rank among the high. class securities of
—
this market.
.;
NOVKMDBR
THE CHRONICLE.
10, 1878.1
oOil
Inter) '>i:
IV,
««, I9H1....
Bank*
>'o Nationnl
thx pant wank.
nrirnnl/oil dtirlnir
OIVIOKNOH.
~
„,.
'.'<h<.
J.
eouu. J.
|H(iS...ri'K
_ J.
tinr, loiip.'.r.
-jOh,
I
•I*.
IH"!
Un,
ri-'JtiM,
.,
.
.1
A
.1
A
J
,1
.T
Tba f ollowtnc dlvldandi haTs recoatlr b««u annoancitd
N*«e
B«UK«
CoKPAur
iir
(UDjr*
C'LOll«|j.~
Inclnalvc.)
Itallrondn.
''irtl
&
Ji
Muniroal, prof
4>««,
VRIDAV, NOV.
15,
187a-S
I*. III.
,Thc iTIoney market and Financial SItiiallou. Tlipri* hiui
been n <li'iiilcilly hcullliy toiii- in liimnciul oircloH, nnd tlu! innrk«t
for securities i.s niMiemlly strDiip'r.
Tho luoHt ))ri)miniint event
(if the week Imviiij; a direct bi'iiiiiif,'
upon tlie fulnrn courHe of
business triinsuotions, wan the meeting,' of tlie New York Clearing
House banks, ami their resolutions in regard to practical measures
for assisting the (iovernnient in its resumption of specie payments aftiu- the 1st of January, 1ST!). 'J'lio hearty cooperation
ifttbis matter (jiven hy the hank ollicers of New York— wliich it
tefair to presnino will be followed to a great extent by bankers
throufrhout the country
has added one m ue element of conftdencu to the fiiianciul situation, and has fortified tho goiKl feelIn* previously existing.
'Our money market has worked easily for call loans at 3@4 per
tel Prime coinniercial paper sells more readily, and choice
^itdea are quoted at 4}C'*fi per cent.
^The Bank of England stattnnent on Thursday showe<l a gain
fbrthc week of £371,000 in specie, the percentage of reserve to
Ikbllities being ;JK| per cent, against
:!4J per cent tho previous
Jjek tlie discount ratt^ was left unchanged at
p<'r cent.
Iho
mak of France showed an increase in specie of 141,000 francs in
I
—
;
pewcek.
, iThe last statement of the New York City Clearing-IIouse banks,
iBued November 9, showed an increaseof $3,341, 9iU in the excess
Hove their 2) per cimt legal restsrve, the whole of such excess
Mng $12,844,200, against $10,,502,2jO the previous week.
The following table shows the changes from the previous week
•ad a comparison with the two preceding years.
1S78.
Nov.
10-40«...
4>4ii,
Woldoii
I
I
..
Diflfer'nees fr'm
1877.
previous week.
9.
.1,
5s, 10 IOh
...Ml
5», fniid.. Ism,. 1,
5», fund., 18«l..((.i
Koinxikt*
4
sus
Oh,
.'>»,
Nov.
10.
1876.
IHIM
1801
I,
•
Thill Is the iirico bid
The range
The following
abstract
shows the
of tho national
banks of the United States, at the close of business on .June 30,
and
1878,
on October 1, 18(8. The number of banks on June 30
was 2,050, and on October 1, 2,053
liesonrces.
October 1
June 30.
I.nnTi<! and discounts
$83I,7.W,390
li>.130.,'i21..'>42
(I\rllh!ll't»
Ill 111 States
bonds to sccnre
ciii<ulatinn
stiitcK tiuuds to eccuro deposits.
iiiiii .states boud.s on h.and
ill-
I
I
1
:
1
Ills
paid
iiiul
11,'i-s
347.332,100
40,785,600
28,3(>0,000
40.4itO,000
.'J6,8.'5i)..^34
3(i.(i!»t,i)!)(i
in prices since Jan.
1, 1878, and th« amount of
1, 'l87«, wen' a.H follow*:
4,7is,(n«
7,134,733
10.982,432
7,33."), l.->4
82,372,.'-.37
16,930„'>2l
nder note's
tates ii'iiilleates ot deposit for
i-iidi'i- not
rem n-diniptiiin fund
I'uf rioni United Slates Trcasufor
;
Total
ll,r)2.">,37(>
.'il.'i.Htil
87,4!»S,2S7
17,003. ."i7ti
(;io,os4
.S0,(W7.8(H(
20,2.-1 l.lliSI
«4,428,(>00
71.043,402
32.090,000
3«,!IO.-),000
l.'>,20.5,.'>41
l.-,,04.5,7.'V7
1,338,132
1,752,91)0
$1,767,279,133 $1,750,4(54.700
Liabititifn.
ipitiil
-
11
II III
I
stock paid in
Nil.'
i^iiit.
'
$.100,147,430
fund
Iiliis
1
uiKliviiledpiotlts
iilliank notes outstanding
ii:iiiknot(»
liiiliviilii.il
outstandiUK
(li'iHisits
deposits
H'lin-iisof U. S. (llslmrsins ofllcors
111!
I.
ntli(;r national lianks
1
Hill
(I
Sliitis
State
1
I 'ui- to .state banks
and bankers
N'ltcKaiidlillls roilisconnted
payable
Total
42,0;J0,703
43,3(iO,.V27
3,007,324
4,502,083
2,453.833
elections.
U. 9. 68, .5-20S, 1807.
U. 8. 5», 10-108
,50
43
10
48
24
25
ore*.
II
.7...
Sharet.
United Railroads of N. J. 129^
Bank
of
17 Northern Pne. RR. pref.
Manhattan Co.. .1:10
N. Y. Life Ills. & Tr. Co..3.5ft'a
Mercli. Kxch. Nat. Hank. 62
F..1UII1 National Itank... 95%
Nat. Hank of Coi
erecllOJa
15 Miehanies' Nat. I!:iiik. ..127
lOSl.vtli Av.
24
$1,719
ii.
1»
'.;3
Dnliith
RR.
and $59 61
I4i%
Paul <V Uulnth RR.
com. stock, and $51 O'J
Bt.
U'nr*i inn
scripj*'"^*!'!""
London have been as follows:
Range since Jon, 1, 1878.
Nov. Nov.
$1,000 City nf Newark
|
I
:
34'4
due 1895; Int.Jan.AJ'ly U3««
280 MetroiHilltan liiui-U,
scrip
I
03ais
New Allinny &
91 New Jerse.v I..aii(l <k
Chiwigd KK
8
Iinprovenient Co..'MTlp,for $7
Park Fire Ins. of N. Y. ..111%
1,000 Metropulitan Uas-I..,
Tradesmen's Nat. Bank. 105
scrip
114
American F.xeh. Bauk...lOO)4
360 Metropolilaii fias-I,., 94
People's Bank
Ill
4,240 Commercial Mut. Ins.
8tuvve«ant Safe Depo.sit. 82
Co. scrip of lS7(i
75>a
10 l^iuisvllle
'
I
.
1
1
Kallroad and IdUcellaneoua Stocks.— The
stock
market
has been strong, as a rule, on a fair volume of business. Western Union Telegraph is again the central feature, and on large
sales to-day toucTieil OOJ in the morning and closed at U8|.
Tho
working of this stock up and down, on the prospect of the stock
divideml or " capitalization " of surplus, is liardly .satisfactory to
tlie outside operator in s'x)cks who must necos-sarily buy or sell
against those who work on a certainty.
Aside from the above,
there have been no conspicuous features in stocks this week, bat
there appears to be a feeling of considerable confidence throughout the market.
Closing prices ot leading State aind Railroad Bonds for two
weeks past, and the range since Jan. 1, 1878, have been as follows:
States.
Nov.
Nov.
8.
IS.
Range
since Jan. 1, 1878.
Highest
Lowest.
(m\ Jnno 8 85
76%
•105% 'IWj 102% Aug. 23 108
76
consols
Missouri Os, '89 or '90
NiirtliCareiiua fls, old
Tennessee Os, old
Virginia Os.consol
I.i(>ulsiana
do
do
2d
series..
Columbia, 3-658
Central
Central
R*II.R().\I>S.
of N. J. 1 st consol ....
Pacific Ist, 6s. gold..
15
Mch.20
»30
^70
^29
•SI
'71
30
Nov.
j
]
I
.
.
.
.
-29% 29
•77% 74
7
July 31
Apr. la
18
391^
Feb. 11
Jnneza
May 29
May 14
31
Sept. 10
85
June 10
I
•94
^87% 64%Mch. 4 00 Jnlyll
107%! I07%ll03i>BJan. lA 1083gJuae28
114% II414 109 Jan. 2 114% Nov. 8
104 '4 105-V Ol^'sJan. 14 105:^ Nor. 14
Q. oimsola 7s
Cliic. & Northwest, ep., gold
Chic. M.& St. P. cons. 8. f. 78..
Chic. R. I. & Pne. 0.s, 1917...
Erie Ist, 7s. extended
fjike 8. <fc M. S. l»tcoii8..cp..
A;
•16%
77 "4!
Dlst. of
Chic. Burl.
'ISis;
I
0!)^
99'b
91% Jan.
5 102^
May
lOSig lOOis 109 Is
Lowest.
Highest.
lOSMJan. 2 100»nJunc 8
104% Feb. 25 II lOs July 30
10-?
IIOO-V 109 -It
»»of 1881
10031 108 >4 108 >9 103^8 Mch. 1100% July 9
4>i«of 1891
105aiill07i«lx00ifl 102% Feb. eoilOTM July 30
Closing prices at the N. Y. Board have been as follows:
9ft
Jan. 5 110% June 39
Jan. 71110% July 8
II3-'lt*ll4
•I13%''n3.\ lot) Jan. lo!l14 tieiiLSS
Michigan Central consol. 78.. 110% 111%; 105% Jan. fill 15 Odt S»
117
110 ll15%Jan. nir.'i Out. 8
Morris * E.s.sex Istniort
.' i-''"neM
N. Y. Cent. >t Hud. 1st. en.... 119»» 119% 117%"^
»
103% 103:U 95 T^
Ohio & Miss. cons. sink. rd..
l»
Clile.
121%;il8
I»t..ri2l
Pitts. Ft. Wayne*
107% 107^ 102%!-. ,-. .1 ..I.. - ;.;,.» 34
St. UmlsA Iron Mt. 1st
107^ 107aM103>BJnn. 7|los^) June38
Union Pacific 1st. 6s, gold
do
sinking fund
102% \02»iA )»«sMch. OIlOAVtJiilv »
110
106
110
I
1
15.
l\
8crlpe(iiialH$;t,151 02..
Boutin.
(Clinton Hill Imp.) 7h, reg.,
\
10 Gbilie KIre Ins. Co
124%
30 .Metropolitan Gas-IJght. .loOJa
37 Mercantile.Mill. (.Mar.llns ;16
10
25
c<iuals
wripeiiiials $8.".9 61
31
.Maiiliiittan
lliirlein lia»-I,ight
and $10 23'8crlp
pref. stock,
Urelns.342iii9.340
123 Peniisvlvaiila Cool. 1 50 "s® 1.50
04
stock:
8 8t. Paul
RK
••
.•)<700
5.022,H!I4
United Slates Bonds.— There has been a strong tone in government bonds, and the demand has visibly increased during the
rwt ten days. Yesterday, a cable order for |75,000 United States
per cents was received from London.
Prices of many classes of
government securities have advanced nearly 1 per cent since the
Oct.
31.
I
-
4y.4ilJM)0
SlMte bonds Uuishina consols have been most active, and alter selling at liiglier |>ri<-es
have
fallen olT tho past two days on free selling orders from
New
Orleans.
Virginia l)onds are generally stronger.
Railroad bonds have .shown a good' deal of activity, and many
issues have advanced in price.
There is a strong undertone in
these bonds, and a very moderate demund is sufficient to push np
prices.
If it be concluded that gold coin is likelv to be the
.standard of value in the country, hereafter, the prices of bonds
payable in legal tender .should all be firmer, and und(.ubte<lly
the result of tlie late elections is accepted as rendering the prospect of a gold standard more certain tliau it was before.
The following securities, .seldom or never dealt in at tlie Board.
were sold at auction by Messrs. A. H. Muller & Son:
$1.707.270,1,33 $1,750,404,700
Closing prices of securities in
.1
621,037.174
122,4it<>.5 13
3.342,704
.
I
c|
I
and Railroad Bond*.— In
5,40(i,3.10
22.(i81.004
•2,003,531
117,845, 4it5
41,0.'>4,812
I
liiUs
11 8,1'/.-1,530
40,2S2,522
29^,04 1.0.-)0
417.K0H
301,8ss,092
413,013
3,118,389
620,230,170
Divul.iiilKiuipaid
$170,303,300
l(i.807.770
40,!)3I>,213
Amonot Sov.TT
'
10
fl.272,.'j(!rt
each
irigliexl.
1
41,K!>7,H-)8
12.232,310
since Jan. 1. 187 l!l.
1881. ...cp. 105i» Feb. 25 1 101» June 27 $U
102 '.1 July 22; 105% June
6»,5-20s.'07.rp.'Ioiii Aug. 12 Km^t .Iiine27 II
(>«, .>-20s, (is.eji. lOO^ .Ian.
2 1 1 '4 Jinie28
.Js, U)-40s...ei..llo37HMell.
1 lOOiiR Julv 29
14 l,'J-(l,-iiil
5s,finul.,'81.ep.!l02:(» Feb. 25 I07T9 Jnly 30 214,100,100.
4>s8. 1801 ..ep.l lot's Mch. 1105
Aug. 17 161,.M9,4(K>
4«, 1007....CP. 90% Oct.
aioa^Jan. 9| 111,058,100
Og.eur'ncy.reg.lll?^ Apr. SllgaVi Mnr 25' 64.623,5121
78,875,0.').T
4(!.l.')3,40!»
H
(Is,
68, S-20».'65.cp.
41,492,018
12.314,(198
I'^l
uo §al.
|
8.'j,083,41S
40,702,170
KM
l(M|l4
KKI
|(10l„ •1(111
lyOW(<llt.
40
110
national lianks
I'lialeurreiiey
:
t7.r)."iO,().5()
47.i)3B,S30
otlier easli items
for ('Iciirinj; Mouse
<it)ieti
3.;)22,742
:)
..
^hpcks, bonds or niortcajces
Hue fraiii iipprovcd ri'siTVe n^^mts
Due from (illi4'i- ii:iii(iiial banks
l>Mf from State liaiiks niiil bankers
-tiite. furuituie and tl.xturcH
cxpeiisea and taxes paid
(i:i:i
3,l«(i,!H'8
:
Range
.londition
:
loii„
Ixmds outs tnmling Nov.
class of
.8/1
.
Mm
coup. g.-Jun
')».<Mir'cy. 'ILVOO rex. J. A J.
Nov. 11.
usaiuldis. $'J10,224.200 Doo.$4,2H7,(iOOl*23.-.,<>6S,;tOO .f25!l,(i.-)2,400
jlo
2(l..S7:!,20() Inc. 2,22!(,100
ls,7(!l..->()(i
17. .Hill. 100
l!l,i>i).-<100 luc
bDlatlon ..
1,100:
17,720,2(HI
iri.oi;2..')0()
_ J deposits
lo,7:)7.ii()()li)ec. 4,70.j,80o
l!i;!,.-i.-);,:iO()
212,131,r.O0
Jjfgal tuuderx.
;('J,l.'>v,100|Uec. 1,0(>.1,000
3^,503,100
•ii.iyo.yoo
"I
(i.
,,
r.-K.tJ.-J»n
f"'}i;;5
4".
1907
1
m
,
!
This l8 the price Uld no tale was mode at the Board.
The daily highest and lowest prices have been as follows:
•
:
...
.
.
.
.
Saturday,
Nov.
a.
Monday,
Not. H.
Tuesday, Wedn'sd'y Thursday,! Friday,
Not. 12.
Nov. 16.
Not. 13.
^0T. 14.
St. L.
St. L.
C«*ntral of N.,J
Chic. Burl.& Q.
St. P.
C. Mil.
pref.
do
&
do
X.
North.
pref.
&
bt. .To..
Lake Shore ..
Michigan Cent
Morris & Essex
N.Y.C. & H. H
Ohloft MlSB...
Panama
Wabash
Paelflc,
West. Un.Tei
XXV u.
Jan. 1 1« latest date
,
1M77
1878.
$78,775 $2,792,255 $2,657,089
16,493
;,705
493,831
8,276
286,371
263,936
3,588
136,720
123.684
61,720
430.316
349.226
13,416
232,707
42,228
266,148
206,826
123.351
490,875
425,624
28,043 1,088,669
953,937
.
follows:
Adams £sp
American Ex..
Quotations.
Open Low. High
I
pref.
ana asked: no sale was made at the Board.
the range in prices since Jan. i, 1878,
week and
Total sales this
were as follows:
Jan.
1,
1877.
Week.
Shares.
Central of N. J
Chic. Burl.& Qulncy.
Lowest.
Low. High.
Highest.
6,582 13>3Jan. 2 45i4July 11
3,410 99% Feb. 28 114% July 15
25,315 27^2 Sept. 2 54T8July 8
29,180 64 Oct. 14 84% July 9
95,001 32 1^ Aug. 10 5514 Apr. 17
82,050 59% Feb. 9 791a July 11
9,785 98% Jan. 15 11912 June 7
3,742 4313 Oct. 22 5979 July 10
62,060 46% Mcli. 5 OlTg July 10
21,865
7=8 Jan. 5 20^8 Nov. 2
10,710 10 Feb. 28 16'8 Not. 13
9,000 2158 Feb. 28 41=8 Nov. 11
1,505 72% Feb. 14 87 July 11
219,260 5578 Jime29 ICg Oct. 29
1,700 58ie Jan.
72=8 Apr. 18
4,102 67% Feb. 28 89 June 10
1,311 103% Feb. 11 115
Sept. 5
2,684
6% June 29 III4 Apr. 15
3,905 14=8 June 21 2373 Jan. 16
16 112 Jan. 5 131 Feb. 25
18,171
12% June 26 23^8 Nov. 11
27,050 OlHJuly 31 73 Mch. 20
193,090 7514 Feb. 13 102 Oct. 31
204 98 Jan. 8 109i4Oct. 25
202 46 Aug. 2 5212 May 8
110 44 Aug. 7 51% Feb. 25
167 821s Jan. 7 9914N0V. 8
400
914NOV. 11 19% Feb. 25
100 29% Feb. 5 37 June 15
6
94
37%
Currency.
This week 100% 100% 100%
Prev. w'k 100>4'100%100i4
S'ce Jan. 1 1027s 100%! 1027a
100%
60,133,000
100% $54,197,000 $1,261,930 $1,263,733
100%
"
"
"
"
Whole year
1878, to date.
Gold.
100% $11,321,000 .$2,155,218 $2,161,854
100%
9,242,000
841,800
844,385
100%
9,787,000
978,200
980,991
100%
11,040,000 2,123,1,50 2,128.055
100%
11.3 8,000 1,270,825 1,297,867
100%
7,365,000 1,070,500 1,072,921
"
Sales of
Clearings.
CI09.
100%
100%
100%
100%
100%
100%
Nov.
• These are tlie prices bid
Balances.
Gold
.
Wells, Fario..
Quicksilver.
do
Vol.
Gold and Sllver.—Operations in gold are at a minimum, and
the premium remains nominally at lOOJ. The carrying rates on
gold loans were 1@3 per cent. Silver is quoted in London at
oO^d. per oz.
The range of gold, and clearings and balances, were as
Pacific Mall....
United States
.
. .
pref.
Illinois Cent..
Union
-Latest carnincs reported
1877.
Week or Mo. 1878.
Ist wk Not $65,600
& S.E.(St.L.)3d wk Oct.
(Ken.)..3d wk Oct,
(Tciin.).3d wk Oct.
& S. City. September
.
Erie, $4 paid..
Han. a
do
& No.
I
17,995
10,123
4,216
St.
52,019
Scioto Valley
October
28,983
Sioux City ct St. P.September
30,418
Southern Minn .September
34,538
Tol. Peoria A War. 1 .st wk Nov
22,899
Union Pacific
October... 1,269,87 9 1,185,405 10,461,631 10,383;i7.i
Wabash
1st wk Nov 117,207
95,119 4.328,025 3,910.085
* October flgures inolade eamings of Proprietary Roads.
Pac.
DeI.4H. Canal
liel. Lack.& W
C. R.
K. C.
:
do
do
Paul
&
Chic.
.
THE (JHKONICLE.
510
100%
100 lal 100%
100 l8J 100%
lOOia' 100%
100%, 100%
100% 100%
9.. 10016
11..
12..
13..
14..
15
The following
are quotations in gold for various coins:
Dimes & % dimes. — OSH® — 98%
$4 84 ®$4 87
do pref.
73 14 Napoleons
do
Silver I48 and las. — 98%® — 99
3 81 ® 3 87
— 90 ® — 92
Chicago & Northw.
4378 X X Reichmarks. 4 74 ® 4 78
Fivefraucs
do
do pref.
3 90 ® 4 00
Mexican dollars.. — 85 ® — 87
37% 69 12 X Guilders
Chic. Rocklsl. & Pac.
8212 1051s 8pau'hDoubloons.l5 75 ®16 15
English silver
4 75 @ 4 80
25 12 74 12 Mex. Doubloons. .15 50 ®15 65
Del. & Hudson Canal
Prus. silv. thalers. — 68 ® — 70
— 98i4a) — 98%
Del. Lack. & Western
3078 77
110 «i 110% Trade dollars
Fine silver bars
Erie
408 15
par.®%prem. New silver dollars — 997a@ — par.
Fine gold bars...
Hannibal ii St. Ju. ..
ir7«
7
On Wednesday the Treasury received bids and purchased about
do
do pref.
3379
17
400,000 ounces of silver, according to its weekly practice since
Illinois Central
40% 79
Lake Shore
45
73% October 25, when these purchases were commenced. The prices
Michigan Central
3558 74 14 paid have not been made public.
Morris & Essex
5114 92 Si
The Tribune Washington dispatch recently gave extracts from.
85I4 109 14
N.Y. Cent. & Hud. R.
Ohio ik Mississippi
212 11% the forthcoming report of Dr. Linderman, director of the Mint,
Pacitle Mall
1278 26I4 from which we take the following
Panama
80 130
" Purchasing silver for the dollar coinage was commenc^id in March,
Wabash
and continued from time to time, as advantageous offers of the same
Union Pacific
59% 73
Western Union Tel.
56
84% were made, or as the mints rcipiired additional bullion for this current
work. The total amoimt i)urcbased for the dollar coinage up to SeptemAdams Express
91
105
American Express..
43 14 60 14 ber 30 w.is 17,925,90499 flue ounces, at a cost to the Government of
United States Exp.
36
59% $21,057,369 15, an average cost of 11747 cents per ounce flue. At the
coining rate for standard silver dollars, 11 0-ii] per standard oimce, the
Wells, Fargo & Co...
81
90
above amount purchased will produce $23,176,665 19.
Quicksilver
13
24
"All available means have been employed to ascertainas accurately as
do
pref
197e 45
possible the domestic production of gold and silver, and the following
Total sales of the week in leading stocks were as follows:
are the estimates and actual returns which have been furnished of the
outturn from the various States aud Territories during the last flscal
St.
year (ending Juno 30), the aggregate of which, however, appears to be
St. Paul North- N'rthw. Del. L.
West,
Lake
pref.
Paul.
west.
pref.
& West. Un. Tel. Shore. somewhat below, in gold at least, the actual amount deposited at the,
Chic. Mil.
& St. P
.
.
.
.
.
.
Nov.
"
"
"
"
"
9....
11....
12....
13....
14....
15....
Total.
2,600
5,500
4,000
2,915
6,950
3,350
5,900
3,930
5,100
6,700
5,050
2,500
14,550
18,310
7,950
21,220
22,555
10,016
17,000
17,240
8,900
11,500
15,850
11,560
7,050
4,400
9,615
12,205
17,270
11,500
11
407a
15
llB's
4218
26,500 28,500
28,700 45,530
19,700 31,100
15,700 41.240
50,200 20,380
52,290 52,510
25,315 29,180 95,001 82,050 62,040 193,090 219,260
Whole stock. 154,042 122,794 149,888 215,256 524,000 350,685 494,665
..
The
total number of shares of stock outstanding is given in the
last line for the purjiose 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
gross earnings from Jan. 1 to, and including, the period mentioned in the second column.
Latest earnings reported.
.^Jan.lto latest date.-N
EARNINGS.
Week or Mo. 1878.
1877.
1878.
1877.
Atch. Top. & S. F.lst wk Nov $101,000 $75,660 $3,270,819 $2,172,909
Atl. & Gt. West- .September 334,882
386,074
Atlantic Miss.& O.September 153,880 185,208 1,198,143 1,258,906
Bur. C. Rap. &N.lstwkNoT
30,481
34,829 1,303,977 1,016,170
Burl. & Mo.R.in N.August
166,320 123,147
981,089
606,822
Cairo & St. Louis. October ...
21.609
24,096
183,382
199.899
Central Pacific. ..October. ..1,831,000 1,806;382 14,771,363 13,840^319
Chicago <fe Alton. .IstwkNov
96,743
87,693 4,021,885 3,843,620
Chic. Burl. & Q...Septem... .1,382,123 1,363,310 10,378,548 8,994,907
Chic. & East. 111. .IstwkNov
20,183
17,623
Chic. Mil. & St. P. IstwkNov 180,000
241,277 7,106,043 6.794,223
Cliic.ikNorthwest.Octobcr* ..1,566,858 1,598,776 11,601,662 10,191,831
Chic. P.. I. & Pac-September 858,338
798,277
Clev. Mt. V. & D October
38.101
37,506
315,694
320,707
Dakota Southern. Sept ember
17,431
25,559
155,519
134,582
Denv. & Rio G...lstwkNov
28,600
17,184
944,182
637,340
Dubuque & S.City.October
91,074 125,770
784,859
761,937
Erie
July
1,157,690 l,04i;205 8,289,355 8,051,069
Gal. H. & 8. Ant.. September 132,148
99,480
861,141
688,284
Grand Rap.ifelud.Aiigu.st
109,386
96,681
778,222
695,342
Grand Trunk.Wk.end. Nov. 2 191,177 217,354 7,458,695 7,812,702
Gr't Western. Wk.end. Nov. 8
87,784
93,599 3,864,939 3,773,693
Houst. & Tex. C. September 332,555 237,139
111. Cent. (lU.line). October...
490,130 612,185 4,450,357 4,340,910
do Iowa lines. October... 142,106 204,260 1,225.399 1,233,560
ludianap.Bl.&W. October... 113,736 119,064 1,065,664 1,035,731
Int. &Gt. North.. October... 220,607
181,236 1,169,484 1,178,925
Kansas Pacific.. .IstwkNov 122.512 108,518 3,166,321 2,780.772
Mo. Kans. & Tex. IstwkNov
67,916
65,829 2,518,568 2.709,944
Mobile* Ohio.... August.... 114,979 125,714 1,147,089 1,049,495
Nashv.Ch.&St.L. September 123,497 157,424 1,188,031 1,255,061
Pad.&Eli7.abetht.3d wk Oct.
7,774
8,314
Pad. & Memphis.. 3d wk Oct.
1,599
4,286
144,170
145.823
September 288,084 322,896 2,025,890 2,168,652
Phila. & Erie
Phila. & Reading. September 779,481 1,527,440 8,840,420 10,431.453
St.L.A.&T.H.(br8)October...
55,750
62,259
402,774
429.495
St. L. Iron Mt.&S. IstwkNov 149,400
116,786 3,653,332 3,632,829
—
—
.
.
"'"'"""
. .
. .
Sovereigns
.
.
mints.
Locality.
California
Gold.
Silver.
$15,260,676
19,546,513
3,366,404
2,260,511
1,150,000
382,000
500,000
175,000
1,000,000
300,000
3,000,000
Nevada
Colorado
Montana
Idaho....
Utah
Arizona
New Mexico
Oregon
Washington
Dakota
Lake Superior
North Caroliua
Georgia
Other sources
.
$2,373,389
28,130,350
5,394,940
1,669,635
200,000
5,208,000
3,000.000
500.000
100,000
25,000
none.
100,000
none.
none.
25,000
none.
150,000
100,000
25,000
Total.
$17,634,008
47,676,863
8.761,344
3,930,146
1,350,000
5,600,000
3,500,000
675,000
1,100,000
325,000
3,000,000
100,000
150,000
100,000
50,000
Total
$47,226,107 $46,726,314 $93,952,421
" Dr. Linderman estimates the probable amount of gold consumed in
the arts and manufaclures this year at $2,500,000, and computes the
stock of gold bulliou iu the country at $244,353,390. The umouut of
silver coin aud bullion exported during the year, above the amount of
importations, ho fixes at $8,045,600, and the probable amount used in
tlie arts and manufactures at $3,000,000. He says this will leave a net
l)alance of .$88,090,557 as the stock of silver coin and bullion iu the
country Juno 30, 1878, a total of both gold and silver of $332,443,947,
which is an increase during the year of $S9, 588,089. He believes that
$26,000,000 was aiUlcd to that amotuit up to October 1."
—
Exclianse, The business in foreign exchange has been of
moderate volume. One of the leading drawers advanced rates
to-day to 4 82 J for 60 days' sterling and 4 87 for demand, but on
actual transactions 4'81i and 4'86((i4'86i were about the prices.
In domestic bills the following were rates of exchange on New
York at the undermentioned cities to-day: Savannah, buying
1-16 discount, selling 4(?J premium Charleston ea.sy, i discount,
New Orleans, commercial 3-16@J, bank i; St. Louis, Sdc.
;
^@par;
premium; Chicago, 25@50c. premium; and Boston scarce, 124c.
premium.
Quotations for foreign exchange with most of the bankers ara
as follows:
NOV. 15.
Prime bankers' sterling bills on London.
Good bankers' and prime commercial...
Good commercial
Documentary commercial
Paris (francs)
Antwerp
(francs)
Swiss (francs)
Hamburg
(reichmarks)
Bremen (reichmarks)
Berlin (reichmarcks)
00 days.
®4.81i2
4.80i2®4.81
4.81
4.79
®4.80
3 days.
4.80
®4.86J«
4.85%®4.86
4.84 ®4.85
4.78%»4.79%
5.24%35.21i4
4.831«®4.841«
5.21i4®.5.1S%
.5.25%®5.21i4
5.21i4»5.18%
5.24%®5.21i4
39%3 40
937aa 94%
9378® 94%
937a a 94 14
5.2114315.18%
40 ® 4014
94% a giTg
94 %» 947g
94%a 94'8
945«<» 94 ''g
937a a>
94%
. .. . .
.
NovEMBKn
Clljr
Banks.— Thi)
eondltlon o( the ArniocUK-d
•odlnx
Banks
Loanti aud
Ciplul. Dlacouiita.
Bankk.
NdwYork
e.OM.SOO
01
eeat.DOO
«,0(»,0fO
Union
America
PhcBulx
OfT
IVadewnoD •
g.assooo
41,000
4,1<il).IOO
7.60(1
9M,iion
Ml.aOO
S.U0O,(XX>
7.781.903
441,000
1,161,000
l,18«.5O0
1,010.000
1,000 001
l,roo.ooo
6 o.aio
4M.O00
«,5»,oao
MSg.SOil S.OtM.-OO
:iiB,ooo
«,.'i!«i,oao
1.7I5,OUO
5.812.600
I,n2«.901
1.312.200
il»l,IOO
8,11.\U00
iH«,7'iO
!ll9,t>no
1,010*10
i^i.im
iiciiil
1,V!0,OX1
8.6a4,uuo
.iOO.iiOO
1.1 86.1100
rM,ooo
ica'&Tr.
6!H),0OJ
^IIS.COH
23.O1XI
337.0110
300.000
600,000
M7,40O
S,4no
489.800
1U<.800
385,600
147,300
uriii.coo
1,018,800
a.uiisoo
..
trMannrre
Ward..
N.York.
AmerlcaDExcb..
f0o,ono
5,000,000
5,000,000
1.000,000
1,000,000
ICIOO..
opoUtan
Uxens'
EUoiaa
rtet
R. NIchoias
8,8i!,800
8i7,S10
300,1100
8ev«iith
Bute of
1)1,800
SJ4,0(IO
1.781.iJ00
74«,U(I0
16.533,10)
4,8'8,800
945,000
1,4O9;<<00
1,341,800
910.401
4113,700
2.066,600
1.500,(KM
3,140,40.)
186.00
4S0.0kX)
-.i.^sr.voo
412,nO0
700,000
l,f 00,000
500,000
1,348,300
1,645,800
4,157,700
8.000,0011
i3,';0'',oofl
OOO.IXW
1,373,100
1.9J4,I00
95.0J0
14,100
168,000
396,000
38.900
711,000
77.400
26.600
^1.I00
33,800
354.000
8,1)45.000
l,7i8..VXI
1.000,000
1,000,0
2,:i6.i,90.l
Shoe and ..eaiher l,(K».i(»
1,000,000
Corn Excliango
3,tiail,lu.)
1.8»,700
3.311,000
3.K56.500
.
l.'JjO.I'K)
HMental
Ibrlne
i,3«,ono
800,000
40.1.OOO
2:m,m<
ImponcTs'&Trad
1,51K).«0
15.391. ('(O
Park...
2,000.01.0
lU.t37.4'.10
500.000
800,000
240.000
Honh KivcT.
250,000
lut Kivcr
100.000
Mer.
Vionf'rs'
Tonrta Nallonal 3.5 0,000
Central N.itional. a,0'JO,0()0
Second National . 300,C0O
75i,000
Hlnth National..
600,000
Jlrst National . . .
9,S6,30O
"Third National..
H. T. Nat. E.Mh. 300,000
pwOTV National 360,000
fiBWYorkCoanty 2.0,000
Qennan American 750.000
300,000
Ctoae National..
BSsSOO
Mocli, Kk,'. .\ss'n
Grocer*^" ....
8ti3.(lO0
61I.700
180,001
17.100
40?, 00
1
3,936.900
13,800 2,700,300
38,700
8,700
101,900
1,500
35,400
106,100
76,S(0
89.500
1,100
93,000
iroioo 2,163,900
3JS,000 1,893,000
578.000
2.'.3,4U0
618.300
l,B7i,300 1,307,5l'0
4't9,i)C0
1,274,900
130,800
51,000
235,000
6,500
303.900
2i3',8.i.i
216,700
215,600
1^4,600
ie4,600
215.600
349.3(10
13.3I8..VX)
7,3 6.000
l,813,Ul;0
.S.416,2l)0
7,1li,00D
5,4')il,''(ifl
l.!56,.5.X)
1,107.300
l,OS'J.30O
2,053.800
1,46«,600
187.000
1.752,900
8.48v.iOI
!.TU0,6 ,0
899,00J
119,100
3,»33.0tKi
31!i,901
3.900
888,300
500,000
681,000
4.700
707,200
353,000
1,108,100
636,300
295,500
68i,6(IO
549,5'JO
135,400
Ss, new.reg.,UM-IWI
ta, lO-ls, reg..l41-'8l.
6a, IS-'U, reg., mt-'».
6«, In. Plane, raff.,lB7f
375,:00
Inc..
Dec.
45,1100
8a.,800
1,174,800
1,951,000
1.390,500
1,390,500
186.700
Inc.
Circulation
Ase. Clear.
S
34},4C3.759
333,550.3.11
376,809.115
351.707,364
353,323,473
4 4,140,015
3")5,69'3,070
312,377,469
3.30,517,4.33
285,76«,611
348,033.456
3:30,877,791
19,617,800
331,600.566
3r0.111,767
19,577,1500
453,ii71,384
4-'4,149.9f,0
2n.096,700
19,593,100
19,801.300
19,889,700
215,41.3,400
19.901..100
210,737,600
19,905,400
Bank
of the Chase National
482,391,930
393,878.393
488,571.553
408,903,435
are not Included in the
20.
BOSTON, PHILIDELPDIA AND OTHER CITIES.
IDOTATlOiNS IN
3
loa
BOSTON.
Maine
aartf ord
«s
ttoston 68,
do
Omaha
78,
Lake
new
M 28^ tSH
Cta.Ss... 100
|U5
78
18K
Buff
83
84
ISO
Plttsb.ft
5M
.•
Chesapeake ft Delaware
Delaware Division
Morris
pref
PeauBylvanla
Western, 88
Ark. Valley, 7b
100
70
STOCKS.
<to
2d1»
do
land Inc. 88..
Boston a Albany Is
do
68
MOBlon ft Lowell 78
Boston ft Maine 78
Bos'onft LowelUB
boston ft Providence 7*
Burl, ft Mo., land crant 78. ..
do
Keb.68
do
Neb. 8a, 1883 ...
„
Conn, ft Pa«8omp8lc, 7«, 18«;.
new.
...
Is, 1st
78.
tnc
Atcbl'on
107
113
lie
& Topeka
ft
AlOitny
ft
Lowel'
ft
Maine
JC
12<H^ 127
7B
.
...X ioflM
102
Boston ft Providence
Barllnstouft Mo. In Neb...
Cheshire preferred
116H Chic. Clinton Dab. ft Mln....
Clo. Bandusky ft Clev
— nm
104
118
54
4W
Concord
lai
Connecticut Hlver
48
49
Conn, ft PHssumpslc
Kastern (Mass.)
13X
Eastern (New Hampshire)...
123
Fltchburg
TO
Kan. City Top. ft Western...
1180
.Manchester ft Lawrence
107H lb7V Nasbuaft Lowell
110
102'^
NewTorK
ft
New
Rnffland...
M
I
t
CannelTsv.7s/W,JkJ
A
...
3
13
108
101
wS
108
llll
108
40
an
in
l^s
ice
106
iS?g
106
11/0
110
106
110
70
104
IW
un
no
^8
88
T
do
3d. M.ftN
do
S^.Sd.J.ftJ
Union BR. lat.gnar.. J. ft J.. !0»
Can.
on endorsed. 101
do
««
pref..
Stisquehanna
RAILROAD BONDS.
105
nSCBLLAXBOCS.
Allegheny Val.,7S-I0B. 1391
.(7
Baltimore Gas certidcatea...
Is. E. e«.,19ir
Jo
Inc. 78, end.. '91
do
<3M nm'. People's Gas
Belvldere Dela. iBt m.,6a,lW.'.
rto
2d m.68. '81.. 102
CINCINXATI.
3Jm. 68, 'J7..
do
Cincinnati 6s
t
Camden ftAmboy es.coup.'SS 104
do
18
'89
luft
coup.,
68.
do
do
1-SOs
108 1110
mort. 68, '89.
do
do
Sonth.
RR.
TtOa.t
Cam. ft Atl.lst m. 78, g.. 1903 tu lis
do
do 6s, gold,
2im.. 78, cur.. 'dl 100 ....
do
ilamllton Co., O., 6s. long..
Cam. ft Burlington Co. es.VJ,
Is. 1 toSjrs.."
no
CatawlBsa lal, 18. conv., '82.
7ft1-30a.lang.t
do
chat. m.. 10s, -ss ..
do
Cln.ft Cor. Bridge st'k. pref.
107
1900
newls
10«X
do
CIn. Ham. ft U. 1st m. Is. '80
Connecting 6s. 1900-1904
do
3d m, 78. '!fi.
Delaware mort.. 6s. various. 106 hoea CIn. Ham. ft Ind.. 7s, guar...
ioj
van
Br..l8t,7s.l905
Bound
D..1. ft
OIn. ft Indiana st m. is
"88
.,
Kaat Penu. Ist mort. 78,
do
Sdm. 78, '77..
107
E1.& W'msport, ibt m.,78,'ii0.
Colum. * Xenia, Ist m. 7s, '90
SB.perp
do
Dayton ft Mich. 1st m. 78. '81.
"83^
Harrlsburg l8t mort. 6 1,
3d m. 7s, 'ITi.
do
IJM
U. *B. T. l«t m.1s,g)ld, '90.
3d m. 7s. a<i.
do
3d m.7s,g}ld, '9S.
do
Dajton* West. Ist m., '81.. .t
'95*.
cons.
Is,
Sd
m.
do
ist m, 1905
do
Ithacaft Athens 1st g d, is.,tO
Ist m. 68,1906
do
Jnnctlon l»t mort. 6'. '83. ..
Ind. CIn. ft Laf Ist m. 7a
2d mort. 6s. 19X1
do
(I.*C.)lstm.l8,'88
do
L. Sup. ft Miss., lat m.. It, g^
LUtle Miami 6a, 'dS
Lehigh Valley, lat.<s,cp.. 1896
Uln. Ham. ft Dayton stock.
do reg., ISM..
do
Colnrobns 4k Xeula stock.
lis
1910,
1
m.,7s,
reg.,
2
do
Dayton * Michigan stock.
do con. m., 6s,rg..l9^ lOS 103
8. p.c. Bt'k.goar
do
108
do
6a.' p.,19.3 101
do
UtUe Miami stock
I
.
,
.
ii>H
9S
ino
II
18
97
98
106
11/7
inti
IM
104M 109
SI
98
86
100
101
lOH
79
101
ioi«
97
89
83
98
40
I(H
10«
lot
loix
N
97
IW
100
98
M
(i7
°90
X73
ro
96
98
100
19
80
.
Little Schuylkill. Ist
m. 7s/KI
cp.,W. iba
North. Penn. Ist m.
3dm.78,cp., 1M. lis
do
do gen. m. 7s, cp., 1908. V.7
Pennsylv., Ist m., 6a, cp., "80..
gen. m.6s,cp.,l91U, 110
do
gen. m. 6s, ig., 1910. lv»
do
»7
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
dJ
scrip, IS-tt.
In. m.is, cp,18M
cons. m. 7s, cp.,1>l!
cons. m.
7s, rg..u:i
cons.mJs^:i(II..
conv. 78, 1898*
7s,
coap. off,
• In defanlt
111
do
do
L deb. latSa
of latmn.
97
»7
99
(
l*M) 7a,1l1
90
Id m.. 7a
107
Ist in., 7s. 1906. ..t
C .ft Lex. ist m.7s.'97<
\SSA 106
Loals.ft Fr'k..Lanlsv.ln.ia.'«.
100
Loulsr.
ft Naahvllle—
t
Leb. Br, 6a, '86.
1st ro. Leb. Br. E«..7s.1»l».t
6s. '>S...t
do
Lou. In.
ConBol, Ist m.7s, '»
Jefferson Mad. ft Ind stock.
Loulsv.
IMV
110
88
loeH
IM
axK
Louisville ft Naabvlil* stock.
NT. LOVIB.
ta
St.
lOOM
»"
104
78.
6s, '83 to "87
Is. '97 to -N
Jeff. M.ftl.lst m.
Hi
w
Louis
do
do
do
do
ao
101
luOMilu^
II
'98
scrip, ifca
Phlla.* Kead. Cft
1U8
•48-.49.
3d m..7s. rp..'9a
doben.. cp., "98*
cpa. off.
do
80
•8
99
97
water6a.'g1to'89
water stock 6a,°Vi.t
..
wbarf6a....
spee'l taxis of ll.t 98H
LoBl*vUle Water la. Ce. tiu: lOlH lOlK
IM
Phlla.ft Erie lBtin.6s.ep.,;8i.
3d m.lB.cp..'98.
do
Phlla.ft Bead. Istm.6a.'43-'«4.
100
LOVISVILLB.
LonlsTlUe
do gen.m.7s, reg., 190? 107
Oil Creek ist m. 7s, conp.,'8i. 74H 75X
39
ritub. TUuav. ft B., 78, cp..'96 8t
cons.m.6), rg., 1905,
do
cons.m.6«. cp., 1905.
do
Navy Yard 6s, rg,'dl
do
Perklomen 1st m.69.conp.,'in
88..
Vermont ft Mass. KU.,68
io»« Boi'ton
102^ 103J)i Boston
Boston
3D
siar. ft CIn. 7a. '93. P. ft
Schuylkill Navigation
118
I14>
12JH Northern Central 6a, W, JftJ
do
6s,1900,A.ftO.
do 6s,gld,l9a6,J.*J.
30
Can. Ohio 6s, Ist m.,'90,M.ft 8.
W. Md. 6a. lat m..gr..'90.J.*J.
do Ist m., laio.J. ft J...
do 3dm..guar.. J.A J...
inn
do 3d m..pref
do 3d m.jtr. by W.Co.JftJ
do 6s. 8d m.. guar., J.ft J.
United N.J. Companies
\-i
100
.
scrip
do
Pa.*N.Y.C.* RB. Is, '9*1906. liWi
106
Hs
ft 8.
108
Portland 8«
Aich. ft Tcpoka l8t m. 78
107!
Jo
land grantiB loe;
.,
ft
ft
116K Pnablo
Kutland 8s,lst mort
Vermont « Canada, new
do Ss.KOld
Chicago sewerage 18
MunlclpallB
^ do
rilih&urg UK, 6»
do
78
Kan. Cliy Top.* W
do
dn
Krle
Old Colony,
....
gold
currency
SB,
kasiero. Mase., »h8,
ft
(.tedensburg
Vflw Bain pshlre 68
TennoDtt>e
MaMachuBette
Bid. Ask.
SSOUKITIXa.
111
118
84
Central Ohio.
PltUbnrg ft ConnelUrtlle..90 3S
RAILROAD BOXDfl.
109
Bait, ft Ohio 6a. 1880. J.AJ..
105
do
6a,l886,A.*0.
N. W. Va. 3d m..guar..'85,J*J im
8
1
III*
110
Western Maryland
88
83
.
10^
lOU
118
luu
tin
Wash. Branch. UO
Parkerab'g Br. .90
Northern Central
go
6s.
fiSOVHITIKB.
im),J.*J
1903,J.*J
do
do
'l8^ 80
.
MN,M.fttf
i-m
••^xempt,'»,H.*S 118 !ll9
RAILROAD STOCxa. Par.
49
35
6a,
Balt.ftOhlo
Js'*
-..
la,:eM, '!»r;
6a, laPAquarter!)
6a, park, 1810, u^>i
Norfolk water, a*..
8
1
West Chester consol. pref....
20
WestJerscy
CASAL STOCKS.
do
76
M
W
.
t:
19,478,3110
19,'il6.300
217,304,000
218,333,000
314,103,400
810,011.200
208,144,600
October
1,100
I
218,26'),000
totals prior to
do
do
do
do
do
do
do
Philadelphia* Trenton
Phlla.wflmlng. ft Baltimore.
do
,
BALTinORB.
43
48
4t
*
'
•a,rp.:ia(|
6a r'. &.,••.
Marrland 6«, defense, J.4k J>, 108
do
6a, Meoipt. IH7 ... 111
do
60, 1890. quarterly.,
Bs. quarterly
do
»7«
Plttsbursf Tltiisv.
.7
do Is, boat4kear,rg.,l>l8
do 78, boatftear,rg.,if ,9
SoaqDehanna 6a. coop.. .9 J .'
Little SchuylKIll
799.500
270,000
»84,70u
180,000
DQP'>eit8. CircnlatioD.
«
»
205,965,600 19,984.200
813,816,700 19,833,900
317,411,500 19,13.', 100
331,253,100 19,405,100
233.133.700 19,078,000
319,978,500 19,273,600
313.432,700 19,181.800
317,884,700 19,325,600
216,088,100 10,305,600
216,164,100 19,433,700
316.711.S00 19,002,300
Note.—The agnres
loew
Lehigh Valley
5,63(1,900
7«3,.J00
Is, cp.,
Is, 'm ..
do mort. gold, Yl. ..
do coos. m.is. rg.fltt'
Morris, boat loan. reg.. IMS..
Pennaylvanla 6«, coap., 19tO.
Sehnylk. Nav.lst mAiJv ,17.
do
3d m. 6s. reg.. 1107
liar. P.
Pennsylvania
7'^
.
1
Lehigh Navlga, m..*a, r*g.,'»4i loiu
do mort, KK., rg-.-rl im!2|
do m. conv. g,. r»'g..'M
Kast Pennsylvania.
Eimlraft vvUliamsport
do
pref..
do
Nesquehonlog Valley.
Norrlstown
Northern Paclflc. pref
North Fcnnsylvaula ....
**«.
I
CAISAI. BOND*.
i;he>an, ft licia Iai6a, rg./M,
Delaware Division 6s, op.,T8,'
do
pref
do
Calawlssa
pref
do
new pref
do
Delaware ft Bound Brook...
Mt. Joy ft Lancaster.
Huntingdon ft Broad Top...
do pref.
do
lain.
m.
tst
do
i'lW
Ltihlgb Navigation
3.339, 100
1,063,6'W
llOSi
Atlantic
PhllaOelphla ft Erie,...
Pnlladelpbia ft Kead.ng.
596,900
r. liim.ls,
Jo
7s, reg. ft coop
do
DelaW8re6s, coniioD
Uarrlsburg City es, coupon ..
RAILROAD STOCKS.
ft
I
I
W«i«ra Paao. KH.
coup.
1,4S9,'I00
369,0.10
are the totals for a series of weeks p\
The following
ft
J. eons. m.6a.'»4.,l
Warren*
lllM
Camden County fa, coap
Camden City 6<, coupon ....
tCse.JOl
:
iSiitendDrB
rg.
irntiMN.
,
:S»
-
71
;«l
10 7s, itr.lmp.,rea.,*BS-M*
68, reg. and coup. .
Csmden
i»n.
I
WaM Cheatar eon*. Is, ti
WMi Jarwy <•, deb, con
Allegheny City
7s. reg
ty7s,roic
'"'
PlttBBOurg 48, coup., 1918
5s, reg. ft ep., KM,
do
6s, gnld.rog
do
7s,w't'rln,rt.*on,
do
I
Spaeie
ir«
6a, old, reg ...
do
do 6s,n., rg., prIurto'M
do 6s,n.,rg.,iW9ft over
Allegheny County 58, coup.
exempt,
1.6a. ISU.
0.38,1*.
"'
m.ts,
l;olaa«Tliasv. isl m. 7s, lii.
•
Phlladelpnla,5«re(.
do
;>,r«u .IMt
IMI
l'.,.taT 7s.
•
113
Penna.6e. g*d. Int,.reg. orop.
do 5a, car.,rog
11,116,300
6,319,000
1.974,000
3,ltf,4J0
9,471,000
deviations from returns of previous week are as follows
Dec. $4,705,800
Dec. $4,587,6)0 Net deposits
The
IMns
110
3>
•TATI AMD OITT lOKIM.
do
do
do
do
I..
,s
iilnehlU
63,711,330 »4.1.3M,30.i 38, 173,200 39,155,400 210,737,600 19,905,400
Total
Shove
4461400
90,900
1.78-),700
481,100
413,800
preferred
N. Jersey
450I666
403, AHJ
6,400
l,»8^,2i)0
12,67u.9.l0
nMM.-ln.ftSt.
hamok.nV*
PHILADRL^HIA.
•
8,00.'.2(lO
9,493,000
1,617.400
1,743.100
1.493,000
689.400
».6»«,000
1,962,900
8,733,300
1.145,300
3.153.000
16,708.400
67,000
39,30<1
9,!<ll,n00
1.834.000
4 1.1,100
l;i),C00
734,!ln0
•!05,700
367.000
198,000
3,700
806.300
1,755,800
4.208,600
109.9l)0
581,101
i4I.8(k;
.130,003
743.80,1
45(1.700
397,600
!nB,400
433,000
:4V,6co
Pkn.AK.C.*l deh. 7s. aps.o*
do seHp,l«l ...,.,
do mort., 7s, isejl
rkll*.WIIm.*H<ll.«a. '<M .^
mi
Vermont ft MassachosatU,.
Worcester ft Masbua
W^.OOO
l.«69.800
J,478.HfO
2».000
of New Hampshlr* Bl
Norwich ft Woroaaler
»ir
OgdeasD. ft L. Ctuunplain ,,.
do
preC. 00
Old Colony
....
Portland laoo * Portamotttli Vl
Pnenlo ft Ark<Dsaa
Northam
i<utlai.d,
11.212.500
4a6,3«0
458.000
236,301
Hid.
is:,8i«
1,100
819,000
>0
9 0.000
893.404
9,08l,«IC
'69,100
1.5i2.600
8.731,100
55 >.»(,0
496.400
1,513,900
51S,600
.
&
.
PfllliADBUPMIA, m*m.-C»mUmn»*.
137,0<<l
!i,58>(,40«
2.419.3
2i'5.,i0a
1.704,000
86,300
374,000
20.100
I,0io,'io0
OoDtinunial
6.859.300
4,MUt,bOO
«.8Ja,800
1,060,400
6,SUS,T00
.100 000
i.am.ooo
..
tlun.
81l,?00
S,Mi,000
I'XCll.
iwlch
Clrcnla-
l,44!l,3ua
1,<I«5,3I«
1,00«.8IIO
llrov.
j:
.
1,157.700
'^e.Mdo
sii.aoo
M
Net
Doijailt*.
t,OUO,000
S,0UO.0OO
1,«X),00U
B<»«TO.<«,
:
*
»49,w)o
s,iii.eoo
401,500
509.600
v9,000
TiUton
duMUM-lI..
«.
511
•OTBrmn.
I
8,t'J8,inO
nil 1,100
5,4^0.
Manhattan Co.... »,'S0.0OO
Msrcbiiita
Mecbsalcii'
LruHi
Li-Kiil
Teiulura.
Siioele.
«
»
li
followlnif Blatementiiliowg thn
of New York City for t'le week
commencement o( buMiness on Nov. 0. 1878
-AVmUOt AMOUNT OV
'i»8
ftl
.
.
THK CHRONICLE
10, 1878.J
New York
,
.
81.
Loom
do
(a.
long
'.M
.
water la,
do
lOCMe
104
bridge
reaeval
sewer. _
Co. new park,g.la.t
cur. la
Ta •«••••*«•.
.
...„..t
isn
IC9
..
.. .I
.. ...
..
,
.
—
..
...
-
.
.
THE CHRONICLK
512
XXVIL
[Vol.
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Bonds and
U. S.
Railroad Stocks are, quoted on a previous page.
active
Prices represent
t?ie
per cent value, whatever the pir mat/
be.
STATE BONDS.
0XC17BIT1BB.
Alaofima
do
do
do
4SIH ....
M. &B.BB..
<lo
88 of 1892
ACh.K.
....
'ib
ao
8B of 1893
Jo
Arksp.«as 6s. funded
do 7!., L. R. & Ft.
8-i
&
M188. O.
Is,
3
3
107
100*(
do IB, Ark. Cent. KR..
Connecticut 68
.........
eeorgta 6a
new
do
do
do
lUtnolB
bonds...
7b,
78, endorsed. ..
78, gold bonds..
6a, coupon, 1879..
l(l«
Ill
war loan
do
Kentucky 68
lOiii!
IIWH
1
..
do
do 1875
I-"'
li
68, 1873-79
68, 1883
78, 1890
N.C.RR
103>i
1051s
do
do
do
do
do
do
103i<
104K
New
104% lOoii
105%
105
80
B)
«0
I
.
.
.
do
Land C,
1889,
ft
0...
Virglnla6a, old
68,
68,
6b,
§«
6s,
9
new bonds,
do
68.
deferred bonds
D. of
j
104
110
,
1^65
186i
bonds
ex matured coup
couboI.
68.con80l.. 2d series
I
...
1886
10
LandC,
ClaasS
Olilo68,188l
25
act, 1886
1319, J. ft J....
A.
los"
Non-fundable bonda ..
Tinnesaee 6a, old
do
68, new
do
6a, new series.
9
40
do
IM7.
111
80
bonds, J. & J
A.
Special tax, ClaaM
do
Class
lOflJj
104 V« ...
104«i....
..
18Ji
J.& J
..A.&O
do
103J^
..
..
Bid.
'93-t
7b of 1B88
do coup, off, J. & J..,
do do oS, A. jfi O.
Funding act, 1866
do
1868
112
102
1386
18S7
1838.
do
Funding
.
20
Ban.&St. Job., due 1886..
.
do loaa...lSS3
6b
do do ..1891
6a,
do do
1892
6b,
do do .1893
North Carolina—
6a,old. J.& J
do
A.& O
6a,
1889 or '9J
or Un..due 1894
Funding, due 1834-5
107
'
BIOTTRITIKB.
Rtiode laland 6b, cp.,
South Carolina 68
Jan. ft July
April & Oct
6B,go!a, reg....l88;
6a,
do coup.. 1887
Penitentiary
levee
MlB8oarl68, due 1878
18«2or'83
do
do
107>s
1
new
new float'g debt.
Bs,of 1910
7s, consolidated
78, smalt
do
do
do
do
Asylum
SSOUBITIBB.
New York State—
68,
6s,
78.
66,
88,
88,
Michigan
do
do
3
3
R
K.
...
...
3
8. IBS
do 73 .MemDlils & L.B.
do 78,L. i{.F. B. &N.0
<lo
ao
do
de
do
do
do
do
do
do
t^
Ba,
8e,
Ask.
Bid.
LoalBlana 6a
42?S ....
io
4o
Ala.
BKOUBITIKfl
.t.
Bid.
5s, 1883.
Ss, 1886.
8«, 1886...
Columbia S-ftj?, 19:4.
do
small
do
registered
RAIIiROAD AND nilSCELIiANEOVS STOCKS AND BONDS.
Railroad stocKs.
Albany
A
Susquehanna.
Burl. C. Rap. & Northern.
Chicago ft Alton
pref
do
in2M
32 }i
Sl}4
Cleve. Col. Cln.iV! I
Cleve. ft PlttBburg, guar..
Col. Chic, ft I. Cent
82H
6k
Sioux City.
ft
Krle pref.,?2 aBsess. paid.
Harlem
Jolletft Chicago
Kansas Pacllic
Long
Island
ft
Texas.
Naehv. that. & St. Louis
Hew York Elevateo RI4..I
H. y. New llavcn ft Han.
.
MI'^lBSlppI, pref
ntta. Ft. W. ft Ch., guar..
ft
I
Cleve.
Louis Alton
T. H.
ft
do
3«
. .
pref.
BellevHleft So. III. .pref.
St. L. I. Mt ft Southern...
8t.L. K. C. ft North'n.prel
Xerre Haute &
United K.J. B.
15J<
Ind'pollB..
ft
C.
laiHCd'ona Stock*.
ft Pac. Tel
Am. District Telegraph...
Osutor. Co., Baltimore
AmerHan Coal.
<Jon80'.ldat'n Coal of Md..
Cumberland Coal ft Iron.
Maryl*'nd Coal
29K
Atlantic
21H
10
151
Silver Mining.,..
Railroad Bonds.
CSf-oci-
iiOBt .n
Exchange
H.
96
m.
guar.
S.F., 7 p.c.
no
....
—
Cons, reg., 2d
do
Marietta ft Cin. utmort
Mich. Cent., consol. 76, 1902...
m. 88. .882, 8. f.
equipment bonds.
New Jersey Soutnern
iiH
Mlnn.ft St.L.,lBt 76 gua
Chebt . « Ohio 08. I8t 111.
dn
Pn Ortll'
</liicago ft Alton 1st mort.
72^
{9U
2J
114
tncnine. 104M1....
do
d
slnk'g fund lO'J^ilol
Jollet ft Chicago,. Bt nt. ;io8
La. ftMo., 1st m., guar.. ;"8
Bt.L.Jack.ft Chlclstm.
106
Chic. Bur.ft IJ. B p.clBtm 'Ai
consol. m. 7e 111(4
do
->
do
5b sink, fun 1
<;h.Rk.I.&P..6.f.Inc.t>8,'»5.
coupon
68,1917, regist'd
Ventral ot N J ., let m., '80
.
do
do
do
do
do Istconsol..
do
t.BBeutcd.
do conv
do aaeenicd.
Lehlghft W.B.con.guat
do
do assei.ted.
Am. Dock ft Imp. bonds
Bsenteti
do
do
1
Ch3tll.& St.P.lst m.Ss.P.D
2dm. 7 311), do
do
;i09
109
110
.
do San Joaquin brar.ch
do Cal. & Oregon Ibt
do Stite.Md bonds
do Land Grant bonds..
Western Pacilic bonds
Southern Pac. of Cal., 1st m.
Union Pacific, lat mort. b'dt
Land grants, 7s.
d'j
Sinking lund...
do
.
1133.4 llSJi
88
88
72«
1'iH
60
4354
55
51
59
121
ItO
105*;
*
2d mort
do
do
do
income, 78.
latCaron'tB
.
South Par. of Mo.. 1st m
Kansas Pac, 1st m. 6s. 1895..
with roup. c. fa,
00
do iBt m.. 68, 1896
with coup, ctf s.
do
do lat, 7s, Leaven. br.,'9t
with coun. ctf s
do
do l8t,7",K.ftL.G.D'd.'119
do
I8t78, »g.,(i.r>
with coup. ctfs...
do
Ist m.. La CD. 109
do
do Ist m.. "3, I'd gr., '80.
lBtm.,I.&M...
do
lOSJ^ilUOJ*
Willi coup, ctfs
do
let m., 1. ft U.
do
100
do 2amorl.,78. ISSii.
do
letm.,H. ftl). lO!) ....
with coupon ctf i
do
IBtm., C.ftM. 107
do
108
do Inc. cp. No. u on 1916
do
cousol.slnk.fd
aOJi'lOO
do Inc. cp. No. IGou 1916
do
2dm
100
...
Pennsylvania ItK—
dol8tm,7f, I.ftD.Ej
PlttB. Ft. W. ft Chic, Ist m.
97M 97K
Cilc. ft N. West. sink. fa
do
2d m.
do
108>t'
do
int. bonds.
lOo
do
3d m.
do
consol.bdt 11114 lliiii
do
Cleve. & puts., consol.. a.f
lo
ext'n bds.. 105
4th mort....
bO
iBtmort..
do
107!^)
Col. Chic, ft Ind. C, IBt mort
do
cp.gld.bd8.
do
do
2d mort
ICSJs
do
reg. do
105
Rome Watert'n ft Og.,con. Ist
lowaMIilnnd, ;»t m. 8s. 1112 102>5 St. L. ft Iron Mountain, Ist m.
Ualcnaft Chicago Kxt
;105
do
do
2d m..
Peninsula. Ist m.,couv.
1115
St. L. Alton ft T. H.,l8t mon.
Chic, ft MIlw., 1st mort. 109 !l.l3
2d inort.,pref..
do
Wlnona&St. P.,18tm. 10S«
2dmort. Inc'me
do
!-8
2d mort.
do
ft S. Ill.U.lst ni. B*
mn Belleville
C.C.C.ftlnd'alst m.78,SK. 108
Tol. Peoria A Warsaw, iBt E,L
w.
do
consol. m.bdi
91
lat
i)
do
104
'Del. Lack, ft West., 2d m.
iiuilingt'n Div
do
do
7a, conv.
104
2dniorb
do
do inert.. 7s, I9W
/•onsoi.'io
do
101*£
Syr. Blngh.&N.Y. -t.lt 101
do F.Com.i cptB.lst.E.l)
Morris ft Kssex, Ist. m.
iia !ii7}4
181, W.I)
do
do
2d mort.
do
fio
107 1108
Bur. D
do
bonds, 19(Ki
do
83 '.89W
do 1st pref. Inc for21 M
construct'n
i-O
do
fo. cons'd
85
do
do
7b, of 187i
do
W^\
Tol. ft Wabash, tst 1.,. extt^iui
do l8t con. guar.
»'%] 04
do ex coupon
Oel.ftBnd.Canal, 1st m..'a:
97jBil00
do iBtm.St.L. dlv. . ..
do 1891
do
98
99
do ex-matured coup....
do
iBt extended.
17
100
do 2d mort
1894
do
coup. 78.
911
do Extended, ex cour..
reg. 76, 1891 ....
do
do equlp'l bonds
\HSii
Albany ft Susq. ist bds.
do con. convert
do
I'd do
0i)?«100
do Ex. Ane..'7fi.ft prev'B
.
.
I
j
K%
1
rrlce nominal.
T
And
S.
tion
+105
tl08
tioo
*I08
tll0>»
CITIES.
loa
Atlanta, Ga., 78
lOiM
106
Km
106K.
IOC
.Mr
i'.2
R«
Waterworka
.
-
Augusta, Ga., 7b, bonds,
(Charleston stock 68
Charleston. S. C, 7a, F. L.
Columbus, Ga., 78, bondc
Lyiicliburg 68
Macon bonds, 78
Memphis bonde C
Honds A and B
104
tl05
ties
;oD
111
do
Water 7s, long,... 1112
115
Endorsed, M. ft C. UK.
Mobile 58 (coups, on)
88 (coupoi'S on)
102«
lllX
Mom goraery, new 58
68, various
IndiananollH 7-306 ....
Long Island City
Newark City 7e long
Oswego
19B«
tlOl
78
Toledo88. water, 1894-'94
Toledo 7-30S
Yonkers Water, duo 19?3
nwH
1903.
tin
105
....
+97
103
113
109
100
68,
funded
New
38
Nashville
68,
68,
old
new
New Orb ana prem.
58....
Consoliaated 68
Kiiilroad, 6b
RAILROADS.
..
Atchison*
P. Peak, 6f. gold..
ft N. Y. Air Line, ist m
Calroft Fulton, 1st 7s, gold...
California Pac. RR., 7b, gold
BoBton
44
102
6s,
2dm.
g.
do
.21
Mien. L. Sh.
ft
m.
do
....
do
or
"I'li
IS
t....
22
;oo
g
Chic, ft S'thM'cstern 7s, guar.
Cin. Lafayette ft Chic, 1 et
Col. ft Hock V. iBt 7b, 36 years,
m
do
^
'40
'89.
.'sfl.
gr.. Of,
I.
84
iuc. 7s.
ist
Cii.St.f .& Miiinejip., 6B,g.,new
108«»,....
4'<
103!^
81
100
.
do
Chic
lat 78, 10
X78
35
91
70
M04
[....
I
Wharf Improvem'tB, 7-21
Norfolk 68
Petersburg 6b
SB
lilchmond 68
SavBUUQh
78,
old
Wllm'ton,N.C.,68,g.
8b,
gold
(
coup
i
on.
RAILROADS.
Ala.&Chat.,Rec'B c. (vtr.l
Atlantic & Gulf, cousol.
Consol., end. by Savan'h
Cent. Ibt in. 6s,g.
78h Carolina
Cent. Georglaconaol.m.Tb
Stock
years tlOO
do
2d 7b, 20 years. t9fl
35
.J Dan. Urb. BI.A P. ist m.7s, g.
92^1 9UJ4 Denver Pac, Ifrt m.7s, ld.er.,g.
3S
103 'iioijs' Erie ft Pittsburgh Ist Is
99
do
con.
m„7s..
...
I!
84
91>s(
do
7s, tqulp...
lo7li lij7.>^
Evansville ft Crawfordsv., 78.. tioi
10i>,'4 11 ij^^
I02J4: I'&Al Kvaiisvllle Hen. ft Nashv. 7s...
40
lUiH'104->i jEvansvllle, T. II. ft Chlc. 78. g.
48
101>silolJ4' Flint ft Perc M. 8b, Land grant. •t5
Fort W., Jackfionft Bag. 88, 89
Grand K.ft Ind. Ist la, t.g., gu. 'oh
do
lBt',B, l.g., notgu.
855i tew
86
110
do
Istcxl. g. ,8.
50
Grand River Valley 8b, Ist m.. 199
....
110
Hous. & Gt. N. Ist IB, g., certs.
81
IOOJ4 102
Houfl. ft Texaa C. ist 7s. gold.
92m
do
West, dlv
86
do
Waco
87
42W
7'.
do
consol. bds..
7i!» 71-« In 1. Bloom, ft West., IBt
25)4
Indianapolis ft St. Louis Isf^t
68
..
Indianap. ft VInccn. l8t7H, gr..
83
84
18
International iTexas) Istg...
63
18
Int. H.ft G. N. conv. 8b
Jack. L. AS. 88, let m.," while" fioiH
14
Kal. Allegan, ft G. R. Ss.grl..
1)9
93
Bortl..
Hartford
105^4 10«
103SS'l04^i
10/
6b. 18-,9-'S9
6« (goodj.
Carolina con.
Rejected (best
Texas «s. 1892
1885-93
118
lis
!93
Charl're Col.*A., cons. 7s.
40
44
2d 78.
do
do
Cheraw ft Darlington os..
EabtTenn. & Georgia 68..
'itV
K. Tcnu.ft Va. Rs.end.Tenn
K. Tenn. Va. ft Ga. Ist. 7a.
78
105
Stock
Georgia BR. "8
I
5J3
90
I
IMH
m
ft South
City ft
ICalamazoo
121
:8i^
117
107>2 lOU
Kansas
110
Long
112
108
54(^ 55
16«
30
107«
77(1
107
70
....
;;"
'io
20
05
20
20
tI30
75>!i
109
accrued uitereBt.
6
lOs
.
.
.
Island ItR., Ist mort,
Louisv. ft Nashv. coos. m.
...
78.
Mo.
L.ist '.», (new.
K.ft Tex. Ist 7«. (?.. 1904- '06
do
2d m. income...
N.J.Midland 1st 7s, gold
M, Y. Elevated I;r.. Istm
37ti N. Y. ft Osw. Mid. Ut
..
110
91
SO
80
do receiv's ctfs. (labor)
do
do
(either:
Omaha ft Southwestern RR. o&
Oswego & Rome 78, guar
Peoria Pekin ft J st mort
Pallman Palace Car Co. stock.
.
1
do
30
30
bde., Ss, 4tb serieb
St. L. ft I. Mt. (Ark. Br.) 78, g.
St. L. ft San F., 2d in., class A.
do
do
class U,
do
do
class C.
St. L.&So'easl con8.76,gold,'91
.
St.
87
100
76
10
Louis Vandalla
B2
ft
T. H. Ist.
2d, guai
do
Sandusky Mans, ft Newai'k Ta.
South Side, L. I., 1st m. bonds.
sink. fund..
do
Sonth. Minn. Ist mort. 7s, '88.
Southern Ml-m.,
70W
UO
Cameron
ft
:ob
8455
93H
73
27
04
90
(6
20
102
101
81)
8s, gr..
Dca Moines Ist 7b..
do
funded int. 86
K.eokuk
97
88
tiw
107
73
80
101
711
Tol. can. S.
ft
7b. Ist
Uet. Ist 7a. g.
}iNo price to-day
;
theBe
.
.
.
32
46
47
18
24
26
OOVs
91
b
30
20
113
86
•20
72
93
74
4aii
29
24
30
•119
68
89
85
20
f8
85
46
6s
.-tock
Oreenvllle
Ts.guar.
Macon
ft
ft
Col. 7b, 1st m.
...
..
Augusta bcids,.
2d endorsed
.Weniplils ft
2d 78
Cha'ston Ut
^tock
7b
..
.Menipn. ft Little uock Ist
MlBslbBlppl Cent. Ist m. '.t
2d mort. 08
2dmcrt., ex coupons....
Miss. & Teun.lst ni.88, A
Ist mort.. 86,
B
..
ft Ohio sterling 8s
Sterling ex cert. 68
88, interest
..
2d mort. Ss
N.u. ft. lacks. latm.Ss..
Mobile
Certificate, 2d mort 88.
Nashville Chat, ft St. L. 7i
iBt, lis, Tenn. & Pac. Mr
lFt,69,McM.M.W.ftAl.l!r
Nashville ft Decatur 1st 7b
N orf 01k ft Petersb.let m.b!
.
Yds
103« 104k
8'~
do
2dm.. 78. g..
88
1«W Michigan Air Line 88, 1890
t!04H 105
10.i
tlOJ
SO
90
H.
3m, Montclair &G.
91
j
*
.
Central of Iowa Istm. 7b, gold
Chic, ft Can. South Istm. g. 7s
Chic, ft East. HI. iBt mort., 6s
.
.
aewerage
do
119S. ....
11 'M 112
75H! -.5H
1
.
78,
Detroit Water Works 78
Elizabeth City, 188(M905
lOJ I....
103
...
119Ji ....
<1W
Georgia
107i^
HOJs
7s, water
7b, river improvem't
lOSJ^lOl
iOb;»!.
C
iOR
103
Cleveland76, long
Central PacIIIc gold bonda.
Pacific R. of Mo., iBt mort,.
87s
do
do
do
consols. A..
B,5s
90>«
CITIES.
...
(
STATES.
Alabama new
87k
M.&S. tl02
gold, 1892-1910.. J.&J. tiia
78,gold.l9W
J.ftJ. tJIS
106, pension, 1894.. J.ftJ. t;oi
Y., 68, long
Buffalo Water, long
Chicago 68, long dates
iatm.7E
N.Y. Central 68, 188.1
66, 1887
do
68. real estate.,
do
6b, subscription,
do
do ft Hudson, 1st m., coup
1st m., reg.
do
do
Hudson R. 7b, 2d m., s.f., 188f
Canada South., let guar..
Harlem, Ist mort. 7a, coup.
78. reg..
do
do
20Si
Mlflsourl, lat mort
2US, North
72« Ohio ft MlBB., consol. Bink. fd.
consolidated
do
2d do
do
18t Spring, div..
do
RailroadsPecltlc
...
10.1
iBrokerfi^ Quotations.)
105
{Jirokers' Quotations.)
ii:«ii2
1st
'
74M 74« Sontli'n Secnrltles.
79
7s,
Albany.N.
.
1
9.)
iniiicellaneouB List.
1u5a Poughkeepsic Water
Rochester C. Water bds..
105>v
104Jii
'93
yuincy ft Toledo, Ist m. ,'90..
do ex mat. ft Nov.,'r7,cou.
Illinois ft So. Iowa, Ist mort
do
ex coupon
Han. & Cent. Missouri, 1st m
Pekin LInc'ln ft Dec't'r,lst tn
Western Union Tel.. I9(J0,cp...
do
do
reif
I....
181
2d mort.,
2d mort.. Exft Nov..'(7,coUi>.
:c8)<
new bonds
ex coupon
do
dn
Union ft Loganspon ib...
Un. Pacific, So. Br., 68. g..
130
i3ieal Weoierii, iBl m., I&M..
....
I
.
R & North., Ist 58.
6s, 1917,
I
..
Tol. Binking fund.,
.
l^icea.)
ft Krle. lat
do
Bur. C.
—
Fim
110
1U4«
Cleve. P'ville ft Ash., old bds 103
do
new bds 111 !ll2
do
110«(....
Buffalo ft Erie, new bonds..
1U3
....
Buffalo ft Slate Line 7b
Kalamazoo ft W. Pigeon, 1st ;;00
Det. Mon. ft Tol.,lst 7b, 1906.
109>!i;...
110
Lake Shore DIv. bondB
ConB. coup., lat. ii3« :;:;
do
111 ]i;5
Cons, reg., 1st..
do
Cons, coup., 2d.. 10Ss,il05Si
do
do
do
25
Pennsylvania Coal
Spring Mountain Coal...
Mariposa L. ft M. Co
do
pref.
do
Oatark
ft
do
1
do
s
wmwiii
Lake ShoreMich 8. ft N. Ind.,
special.!
do
do
B^8Be1aer ft Saratoga
Itome "Wafertown ft Og.
Bt.
ft
I
Missouri Kansas
Ohio
,st I'onw.
Saratoga, Ist coup
;I16
Istreg... ;112
do
Denv.&EIo Grande Utm.,1900 Hojg S5M
114 !U5
Erie, Ist mort., extended
do 2d do 78,1879
10t% 107
78,1883
do Sd do
IftfinHOSJi
do 4th do 7s, 18S0
do 5th do 78,1888
109M 110
do 78, cons., mort., g'd bds..
112
114
do Long Dock bonds..
Bufl. N.T. ft E. lBt.m.,1916... von 110
Han. ft St. Jo., 88. conv. mort. 102H 103
102
III. Cen.— Dub.&Sloux C.,latm
do
2d div. 11'7
do
Cedar F. ft Minn., IBtmort.. tSS
25
Indianap. Bl. ft W., 1st mort..
2d mort...
do
do
Rena.
SI
21
SO
.
Dubuque
Susq. JO b n
ft
on
(ActtveprevV^islv Quot'd.)
Albany
14
e«
'2(S
111
93
40
7ii
78
49
31
lBtmort.78
2d mart. 68
NortiicaBt., S.C., lEt
m.
8b.
2d mort. 8a
Orange ftAlei'drls,
'Pts,6i
Ids, 68.
3ds,8«
4th8,8s
Rlunm'd
ft PeierBli.lEt7s..
6^
ft
Potomac
Rich. Fred,
mort.
Rlcn.ft
78
Danv.
Ist conR0l.6b
3outhwc8i.,Ga..conv '.f.'n
SouthweBtern. Ga., stock.
S. Carolina TtU. 1st lu. ia
7b, 1902, low NCB
7s, nou mort
savannah ft char .Ist
Cha'ston
&
Sav.
68,
ra.
U
end.
Wi'st Ala., 1st mort. Ss...
2d
in.fcb,
gniir
PAST DPi; cooroNs
Tennessee State coupons..
South Carolina consol
Virginia conpona
Con.HOl. <-oni)
Memphis City coupons
am latest quoiaUauB made tula week.
Ask
:
:
NOTBMBBR
.
THE CHRONICLE.
16, 1878.J
of th« eompuy bj oflirioff to tb« b«ldM« of aliort 4«t«d
~„.^
beaiiDK 7 par cent lataraat tba option of •lebaofrlDK ili«)r hoa<l»
for five per coDt parpotual dabaotura atock. on t^rins
••(r.cilnjf a
lavtng of lotareit to tba eonipaoy of about 1 par e«Dt por aoDaa.
This option has been exarelaad br tba boodUoldari to • eooaldarable extent, £01,400 aaren per eaot booda baTlng batro surraadered and exohaoged for five per caot debanlur* stock to Slat
July, 1878. and a further ainouot of £11,700 havinir alDca that
date bean alniUarlr ooornrtaH. TUo expendltarn on aspttat
account amounts to £20.0:(8. There la a further charse to thU
account for discount or the final Instalment* on new sharxs and
debenture stock, amountlnjr to £i;i,-,..t3l). maklnu a total irlilt of
£165,878 to capital for the half-year. Effect la now bring given
to the agreemenli with the mortgage bondholders of tlin Detroit
& Milwaukee Uallroad Company, wblcb were approved br a
resolution of the special meeting of aharebolders on the 80th
April last. The sale of the road under the foreclosure deere*
took place on the 5th September, and it waa acquired by tba
purchasing committee appointed under the agreements. Tba
re-organization of the company, uader the title of the Detroit
Orand Havan Jc Milwaukee Hallway is being proceeded with,
and at an early date this valuable Western connection will be
worked as part of the Great Western system. Negotiations for
a traffic arrangement with the Canada Southern Company, which
were in abeyance pending its recent re-organlzatlon, were
renewed during ihe summer, and have resulted in an arrangement, taking effect from the 1st August, und^r which, by ihu
award of Mr. Scott, pre-^ident of the Pennsylvania Railroad
Company, the through competitive eastbound and westbonnd
traffic passing throueU Detroit has been apportione
thft Qreat
Western receiving 60 per cent of the total through passenger,
and 55 per cent of the through freight traffic, with provisiona for
the excess over theee parceutages carried by eith-ir company,
and for notices determining the agreement.
Inwjcstmtnts
AND
STA TE.
CIT);
AND CORPORATION FINANCES.
Th« iNVRSTons' SOPPLKMKNT
la
published on the last Saturday
each month, and furnished to all regular RubHcrlbem ol the
No Binifle copies of the Hnppi.KMB.NT are nold at the
CHRONici.it.
sCBce, as only a sufBclent number is printed to supply ref^ular
subscribers. One number of the Supplkment, however, is bound
up with Thk FiNANCi.iL Kevikw (Annual), and can be purchased
In that shape.
of
ANtrUAL REPORTS.
Great Western Itallirny of Canada.
(For the half-year endiity July 31, 1878.)
The following figures from the serai-annual report exhibit a
comparison of the lialf-year'a working with that of the correaDOndiog half-year of 1877
^
Gross receipts
C««h working expenses. lnc!udinKrene\v*l8(beliiff
1S78, as compared
st Ihc rale of IK-OS per cent
wUh 74 41 per cent la 1877)
1878.
1877.
£317,185
£310,514
m
28:,f93
a:s,716
£90.!87
£94,798
Loss on wo'-liing leased lines, transfer to flre
intorancu fiii^d. Interest on bonds and debentare stuck, ibc
Balance from prevlcns hair-;ejr
93.118
97.993
£1.781
£9,197
I
2,478
£747
Snrplas
Def. £3,197
transfers to the renewal funils, as was the case in the half,
year ended 31 July, 1877, have been suspended, the revenue of
the half-year, after providing for interest on bonds and debenture
.stock, not admitting of the full credits to the funds on the usual
basis; but the actual expenditure on renewals has been charged
to revenue, amounting iu the present half-year to £26,603 (as against
£9,762 in the corresponding half-year of 1877), and in addition
the usual credit to the (ire insurance fund of £5.32 has been mainThe dividend on the
tained and charged to revenue accouLt.
preference stock for the halt-year, amounting to £12,013, will
remain a charge against future revenue. The average rates for
through freight traffic compare very unfavorably with those
of the corresponding period of 1377; for, although the tonnage of
through freight and live stock carried on the main line and
branches has incressed by 169,000 tons, or 39 per cent, the gross
earnings from this traffic show only an increase of £8,977, or 6 per
cent.
Since the termination of the half-year, the rates have
The gross receipts on the main line and
materially improved.
branches compare with thosa of the coi responding half-year as
follows
The
Increfl?.:
In
do
do
do
513
through pas.=en2er earnings
;
OENERAL XNYESTMBITT NEWS.
& Santa Fe.—The earnings and expensea of
September, 1878, are reported in detail as tollowa
Atchison Topeka
this road for
:
9 mos. to
Sept. 1878Fre1s;ht
Pasaengcr
Mail.
...
Express
Operotins expenses...
Net earnincs
Per cent, opcrat'g oxp.
Miles operated, avc'jje.
Sepi. SC,'"8.
» mos. to
Sept. M.'W.
$*W,6«»
t'i00,)>9()
$l,»ll,<j«3
«1,IM.T77
100,107
6,941
3,4«0
67,194
8,165
7:i,5<S
St8,t79
62.(f!'S
3,3W
80,SM
».491
«9,M1
442
460
8,870
6,8ST
MiscellaQcous
Total
8ept. 1S17.
$4ao,6Sl
8;75,041
t'2.71J,ei9
$1.764.4n
199,78;l
10i,B.i9
1 8ii.sa4
SSO,78r
17.3, 102
4T51
6184
3i-B8
741
l,*i4.9»4
51-08
789-6
918,969
t35,4AT
Si 38
7301ft
—
Central of N. J. The Central liailroad Company of New
Jersey adj ustment iaort<;age bonds have been placed on the regular
They amount to |5,550.000, $l,000t.
call of the Stock Exchange,
$5,000s, $1008, dated May 1. 1878, payable May 1, 1903 ; Interest
7 per cent, coupons payable May 1 and November 1.
£1.43'.
Clilcago DanYille & Vineennesu-The Chicago Danville &
Vincennes Ra 1 road was sold in February, 1877, under a decree
of the U. S. Circuit Court, and subsequently transferred to the
£IJ,SC9
Chicago & Eastern Illinois liailroad Company. An appeal from
£1.93-2
Oecreasj in local passenger earnings
the original decree to the Supreme Court of the United States
do
local freight
3,855
619—6,S97 has now been taken. It is claimed, among other reasons, that
do
through liye stock
the court erred in cutting off the right of redemption secured to
Totullncrease
£6,971
the company and its creditors by the statutes of Illinois. Also,
The percentage of working expenses to the gross receipts has
in setting aside the funding contract extending the time of
been at the rate of 7620 per cent against 74'41 in 1877. being an
payment of the interest coupons, and decreeing that such interest
increase of 1'79 per cent.
The increased charge for renewals is, should be paid within 20 days from the date of the decree, when,
however, alone equivalent to 4J per cent of the gross receipts;
in fact, its payment had been extended for five years, and it had
and the proportion of the other expenses to receipts has been
not then become due. The trustees of the second mortgage
necessarily increased by ths serious reduction in the through
borfBs, by cross-bill, set up a lien upon four miles of the road
freight rates,
-fhe percentage of workingfexpenses, on a gold
connecting the Illinois and Indiana Divisions, and a portion of
basis, for the last
eight half-years is shown in the following
the rolling stock. This issue was not settled by the final or any
statement:
other decree. The trustee of the chattel mortgage is also a party,
Per cent c t and claims, under his mortgage and the State laws and ConstitaPer cent of
expenses to
expenses to
prior lien upon all the rolling stock over
Half-years ended—
Half-years ended—
gross tec'pts. tion of Illinois of 1870, a
gross rec'dts.
(January 1. 1875
7311 the first mortgage bondholders.
7433 January 31. 1877
74-41
;Jnly3l,;R75
90:« Unly 31, 1877
Chicago & Iowa.— In the foreclosure suit of John N. Danlson
(Janna-y:il. 1S76
70-9n January 31, 1578
6319
July 31. 1876
7605 aufl John W. Brooks, trustees, vs. The Chicago & Iowa Railroad
73 63 July 81, 1878
With the exception of the fire insurance fund, which has been Company, a stipulation has been filed in the United States
that the sait of the Chicago
credited with its half-yearly increment, the funds remain, as on Ciicuit Court, by which it is agreed
& Iowa Piailroad Company against Brooks and D<-nison, in
January 31, 1378, in credit as follows
which an injunction has been ordered, shall be dismissed at comDebit or credit
during '.he
Balance st plainants' costs, and the iniunction dissolved without damages ;
Bahnce
half-year
July -ll. 7.S. the appeal in the above suit to the United States Supreme Court
Jan. 31, "7S.
ry !te.iracr9 renewal fond
£:5,W7
£1^,547
£....
from a former decree of sale is also to be di»nii.-<sed, and no sale
l-jn.<l»4
"moiiv,- renewal fund
1-20,944
shall be had under said ducree, and the cause is to be remanded.
44,'J97
alfnnd
44,297
2!,5'.ti
ridge renewal fnnd
Zifi'ii
No sale shall be h«d und-r the former decree until after Janl,r..'i6
!,ir4
funil
uarv 1, 1880. provided the following conditions are c.-^mplied with:
-ti; .;r.c9 suspense account
dr. 4*,2Ja
dr. 1,1511
dr. 48.751
lawcostn and advertising
1
'i"he receiver is to pay $13,000 for all
3. In the mecniime the receiver
£157.779 expenfes up to the pre^-ent.
£158,677
dr. £;93
nqalpmeota
The amount at the debit of " leased lines suspense account" has shall be required to put and maintain the road and
forthe paassga
in first ciafs coodiliou, so as at all times tobeaafe
n. as mentioned in the liist half-year's report, increased by a
On Janof all trains wiihout unnecessary injury or damage. 3.
iiirther outlay for renewal of bridges on the London & Port
apply sll moneys on his hands or
? Stanley
Railway. These debits will b« gradually charged to uary 1, 1879, the receiver shall
maintenance and
(revenue, spread over the remaining terms of the leas-s.
The in the custody of this court, not required for the
of coupon interest on the
on working the leased lines of the companv has been operation of ihe road, to the payment
5 loss
the balanca to the second
reduced from £9,204 in the half-year to Slst July, 1877, to £5.041 first mortgage in full, and shall pay
distributed pro raU to
in the present half-year, or an improvement of £4,103. The mortgage bondholders' committee to be
I
4. On July next all mcneya
on capital account daring the half-year consist of the apply on past due coupon interest.
i receipts
applied. 5. If, on tba
remaining instalments on new shares, and on five per cent in the^ receiver's hands shall be similarly
net earning of the road shall not b«
t perpetual
debenture stock, the issues of which have been last day of July, 1880, the
conpon rates, then
announced to the shareholders in previona reports. Daring the sufficient to pay all arrearages of interest at
without redemption. • •
half-year the directors have taken advantage of the improved credit the mortgaged property is to be sold
iScTnVsfockV. .......•.".... V.V..V. .'...." V.V." v." V.'.V.V".
mails, express freights,
and
rent's
^^l^
1,->19
I
1
•
I
I
|
I
I
.
:
'
5.'.-i
'
•
:
—
:
"
THE CHRONICLE.
514
7.
The
court
may make
—
Chicago Rock Island & FaciflC. The following statement
of earDiDgs and expenses of this ntilroad has juat been issued by
the treasurer, Mr. Francis H. Tows:
BTATE31ENT OF EARNINGS AND DISBURSEMBNTB FOB THE FIRST BIX MONTHS
OP THE CURRENT FISCAL TEAR.
xxviu
,
t"lo,oas
7Ha,ir^.7
EarningB of June
EaminsjB of Jnly
Earnings of August
Earnings of September
Gross earnings for fcix months
Opcr-tiug exijenses for same period
1
produced by the payment of the assessment on the shares. Tiiij
payment not only puts the company In funds to complete nece.l
aary improvemt-nts, but also demonstrates most effectually thai
the English bondholders have at last obtained the contiol of theii
property. Ir, wi 1 b« their own fault now if itey do not look we
»
*
*
after it.'
I'^e assrssment may, therefore, be lookei
upon as imid, and the r-^constructioa scheme aa accooipishBiI
fact.
It ha.s b,-en woU observed that if an equal amount of succes
attends the b mdhold^rs in the management of the property no>
Buch further order from time to time as
shall be necessary to carry out the stipulatioo.
Ea-TiingBof April
Earnings of Miiy
fVoi.
:
bl-'.67i
in their hands, there is every reason to anticipate a prosperou'
future for the New York Like Erie& Western Railway.
A company has been formed in New York to be known a'
" The Car Trust of New York," the incorporators being Joh
Lowber Welsh, of Philadelphia Homer Ramsdell, John A. Hat
denbergh and George B. Blanchard, of New York, and C. Ri
Wooiiu, of Bsrwick, Penn. The capital stock o( the compan
is $3,900,000 iu shares of .$1,000 each.
An agreement has b'iei
entered into with the N. Y. Lake Erie & Western Railroad Con,
pany, to begin January 1, 1879, to manufacture, let and lease t.
the railroad company 3,500 box freight cars of classes A and
for a term of five years, the payments by the railroad compan
to be made in twenty quarterly payments beginning at $74,31
and graded down to $55,937 at the end, amounting in ai
ftM,884
871,a3t
—
8.'i3,888
4,178,095
2,335,137
;
Net earnings for six months.
Payments fur interest on bondit, rents,
Dividends, May 1 and Augustl
$2,141, 9!»7
etc
$53:, 5(
914,091—$
,481,591
Surplus earnings for six months, 1878
Surplus earnings for six months, 1S77
1653.3(56
Increase surplus earnings over 1877
Comparative statement for same period 18*7:
Grose earnin?8, eii moiiths, 1877
Operating expenses, six months, 1877
$114,911
Net earnings for six months, 1877
Payments for interest on bonds, rents,
Dividends May 1 and August 1, 187?
2H,45l
-
$3.6*3,357
2,202,048
& Kio
Granie.
—The
A
$583,66'^
839,193-
turplus for corresponding six months, 1877
Denyer
to $1,301,533.
$1,671,303
etc
Boston
1.422.854
has
the
following
" Articles of agreement between the Denver & Rio Grande
Railway Co. and Louis H. Meyer, the sole surviving trustee under
its $14,000,000 mortgags, were last week filed with the Secretary
of State of Colorado, The execution of the mortgage to John
Edgar Thomson
Louis H. Meyer
of Philadelphia,
paid
and Samuel M. Fenton and
also provided in the lease that in case of default in pay
for more than t irty days, or for a failure to keep the car,
in good condition, the lessors may enter upon the railroad anc
the premises of the lessees, and take all the cars wherever the;
may be found, and sell tliem as the best interests of the trus
may require, and hold the lessees responsible for any and al
deficiehcies that may occur.
Edwin D. Morgan and Alfred W. Morgan are named as th
trustees under the lease.
—
ii
;
;
Broolclyn Bridge Funds.— The motion by
Henry
C. Murphy, as President of the Brooklyn Bridge Company, to compel the city of
York to advance $1,000,000 for
the completion of the bridge has been denied by Judge Birrett.
In his opinion he states the legal question as follows:
New
—
Ollio & Mississippi. Notice is given to first mortgage bond
holders that, by order of Court, their July interest w.ll be pai
November 30. The notice of payment contains the following
" No interest will be paid on the coupons, as the order of tht
Court reserved for future determination the question of payio;
such interest. The coupons are to be surrendered and canceled
but the namesof the owners will be taken and reported to tlj'
Court as a basis for the calculation of interest, if the Court shal
hereafter allow it."
—
Was the legislative provision in question a mere appropriation, or was it a
* *
limitation upon the entire cost?
Looking at tlie act, it seems quite
plain thai the general powers conferred are subject to the proviso that, ihe
bridge is to be fully completed at a cost to the two cities of not more than
•
eight millions of dollars.
Judge Barrett examines at length the other provisions of the
law distributing th>j cost between the cities of New York and
Brooklyn, and concludes that nothing cin be derived from them
contradictory to the idea that the legislative intention was to
limit the whole future cost to the cities to $S,000,000.
He adds,
as his conclusion:
Without specially considering the charges of waste and extravagance, or the
other points presented in opposition, the motion must, for these reasons, be
(tenied, with $10 costs.
&
Erie
Western (Erie).— It is reported that
will obtain control of the Atlantic & Great Western
Railway. An Erie official states that two English trustees of
the bondholders of the Atlantic & Great Western paid a visit to
this country a few weeks ago and had several consultations with
President Jewett, of the Erie. The trustees left for Europe Nov.
9, but previous to their departure an arrangement was reached
whereby the Erie Railway should have the option of controlling
the Atlantic & Great Western, or of leasing the same for a
The matter remains to be consummated by the
long period.
respective parties in interest here and in London, but gome
arrangement seems likely to be made.
The following, published in London Nov. 2, ia definite as to
company
Omaha & North western^ The Union Trust Company, trustee
having bought this road at foreclosure sale, requests bondholder,
to meet at its office in New York, Nov. 33, at 3:30 P. M., to taki
action in regard to the property.
—
Peuusylvanla Railroad. The active operation of the grea
scheme is commenced by a modest notice in the Philadeiphit
papers. No amount of securities to be purchased, nor date limit
trust
offers, is specified.
The notice is as follows
hereby given that the trust created by the Pennsylvania Railroa
purchase of certain securities has been organized, and th;i
oilers will be received by the managers of the trust, for the sale to tbem v
the bonds and shares of other companies, the pri"cipai, interest or dividem
upon which is guaranteed by the Pennsylvania Itailroad Company. The offer
to be addressed to Wistar Morris, chairman of the managers of the trust, a
the office of the Pennsylvania Railroad Company, Philadelphia."
ing the time for
*'
Notice
Companv
is
for the
Pullman Palace Car Company.
— The
ten-year 7 per cen
debenture bonds of $1,000,000, dated October 15, 1878, and du(
October 15, 1888, have been placed on the free list of the Ex
change. The following statement accompanied the application
The gross earnings of the company for the fiscal year ending July
31, 1878,
were
$2,ltO.S2
Rentals of leased lines
Interest, discount and exchange
Operating expenses
$264,000
16,715
578,&7;3
Total
—
1,159,X!J
$1,001,5,1;
—
" Sir— A cable from Now York states that up to the close of business yesterday there had been 2n9,!83 ordinary shares paid upon there, and 21,&5S preference shares. These figures, added to the numbers paid upon here, give the
following totals: Ordinary shares about 762,000, and preference about 80.700,
leaving about 18,000 ordinary shares not paid upon, and about 4,600 preference
shares. Yours obediently,
J. D. Atebs, Secretary.
" Reconstruction Trustees, Erie Railway Company, 1 Queen Victoria street,
Mansion-House, B. C, Nov. 1. 1878."
Railroad commiasion
representing Massachusetts, Illinois, Iowa, Michigan, Virgin
ia, Vermont, Missouri, Connecticut, Maine and Ohio, held a convention at Columbus, Ohio, to consider matters connected with
official duties.
A special committee was appointed to consider,
the subject of accounts and mature a system of uniform railroadj
bookkeeping. A committee was appointed to report on mattersl
of taxation as respects railroads and railroad securities in variou.'
States, as well as foreign countrie.s, and report a plan for an equit
able and uniform system of such taxation at the next convention.!
Herapath's JiaUtcay Journal, of November 3, says of Erie
" All the Erie stocks have gone up In price, and the Times, of
Thursday, observed
" The rise in all descriptions of Erie stocks was marked. The
Tjuying was from New York, and is attributed to the good effects
agers repreeenting a large number of Western roads met in this
city last week.
Among those present were Commissioner Albert
Fink, of the Eastern trunk lines, and Mr. McCullough, of tho
Western trunk lines. After considerable discussion, the conven
the assessments paid 6n Erie shares
.
Nortliern PaciflC. This company invites proposals for grad
ing, bridging and completing, ready for the superstructure, tha
portion of its line extending from the west bank of the Missoui
River, opposite Bismarck, to the Yellowstone River, at or nea
the mouth of Glendive Creek
being a distance of about 30
miles.
Separate bids to be made on sections of 25 miles a
The first, or easterly section, to he completed by July 15, 1879
the second section, by Aug. 1, 1879 tlie third section by S<pt
the fourth stction by Oct; 1, 1879, and the other section
1, 1879
before January 1, 1880.
;
of setting aside the recent election of directors of the company.
The court held it has no jurisdiction of the case.
New York Lake
for.
ment
Missouri Kansas & Texas.— Judge Van Brunt, in the
Supreme Court, Special Term, dismissed the comolaint iu the
Buit of Levi Parsons asainst the Missouri Kansas & Texas
Railway Company and others, which was brought for the purpose
this
the necessary expenses o
It is
New
:
New York and
all
trust,
;
York, as security for $14,000,000 of
bonds, is recited. Propositions were made to the bondholders on
Apil 13, 1877, to the effect that no more bonds should be issued
under that mortgage than should be required to complete the
road to Alamosa, and fund certain ten-year certificates designated.
The bondholders accepted the proposition, and it is now proposed
to limit the bonds to the amount already issued for the purpose
of enhancing their value. It declares that $6,383,500 of the bonds
have been issued under that mortgaife and no more, and atrrees
that no more shall be issued. The Secretary has issued the
following notice
" 'The general annual meeting of the stockholders of the Denver
& Rio Grande Railway Co. will be held at the office of the company, at Colorado Springs, Colorado, on the 29th day of November,
1878, at 12 M., for the election of directors and for the purpose
of ratifying the proposed lease of its line of railway, and for the
transaction of all regular and such other business as may come
before the meeting.' "
of
be equal to
and an additional payment of $1,000 pe,
annum, are to be paid by the lessees during the ootiuuanca o
the lease provided, that the lessees shall have the privilege a
any time of anticipating the payment of all or any of the quar
terly instalments. The lessee? are forbidden to make any volun
tary assignment or transfer of the lease or to underlet the car
without the consent of the New York Cir Tru3t, the title to th'
cars to be vested in the lessors until they shall have been full;
$'i48,434
Advertiser
further sum, to
conducting the
:
:
'
Railroad Commissioners Convention.
ers,
Railroad Conference— East-bound Pool.— The
railroad mKD-j
—
:
NOVRMDKB,
THE CHRONKJLE.
10, 1878.1
ndected KrranKements looking to the pooling of engt-bound
nnd Incluninij tliirtyfour Wentern roiidg, uodur tlie mitn-
".
^'hi,
("iient of nut' coiiimiflHtoner.
roinmi8»lon Ih to be appolutwd to ffather and arrRnsB the
neceKHnry to h proper undcrtitandlng nf tliK bttnii or
lin(r. nnd tlie imminjj of the jnetiilxTg wad dt'liiit»tfd to the
The ettlement
c'uiivt) Cnmiuilteeof the Westura managern.
to the maDagen
;>ie ratio of dlvlHion of procurda wax referred
centrre,
the
railroad* inuat
pooling
to
whom
tiie rcaprc'ivu
k (or their upecial arrangenienle.
rlie IoIIowId^' additioDal pooling pointa Uhat la, polota for the
Kvanaville, lud.; C'niro,
ifiop of the Irciuht) were deBinnaie'l
\
JHtioH
.
:
Tcrru Haute, Ind.; Lagaaaport, lud.; 1'ek.in, III.; Columbus,
Toledo, Ubio; Detroit, Mich.; Port Uuroo, Mich.; Cleveo
;
il.'Oblo,
and Joliet,
111.
to advance the rates Ave centa per 100 Ibii.
It WRH deterniined
u all raat ward bound grain and freight of the fourth clais, this
hiage lo take etifct on the '25th of the present month. The
westward rates were not altered.
—
The annual report of Mr. Juland Dingovernincnt director of the Indian railway companies, made
) the Sfcrctary of State for India, upon the condition of tlie
odian railway system for 1877-78, was recently published. The
The
rincipal facta are contained in the following summary
railway now open in India is 7,551^ milea, of which
rtl" of
completed during the year 1877, and 233 since the close
J were
There are 806} miles laid with a double line; 5.012}
I the year.
liles are constructed on the 5 feet C Inch gauge, and 1,638} oa
arrower gauges. The raott important operations have been conected with Hie state Hues, to which 580 miles have been addfcd.
'he line which proceeds through Northern Bengal towards the
ills at Darjeeling, the Dbond and Manraad, and that between
langoon and Prome, have been opened for traffic. The Punjaub
northern line has also been finished to Jhelum, and the South
odian has been extended 13'2J- miles. The Indus Valley will be
eidy lor tratlic in the course of this year.
The capital outlay on the state lines amounted to £3,122,051,
ad in tlie guaranteed lines to £1,374,882, bringing the total
«piul expenditure up to the end of October as regards tbe state,
nd to the end of March last as regards the guaranteed, lines, to
1*^6 expenditure up to the end of the year may be
:',,l'l^,S'iI'
-n in round numbers at £113,344,500.
venue derived from all the open lines during the year
:i,S83, of which £0.091,533 was earned by the guaran...M .-, with a capital of £95,483,941; and £141,356 was earned
he state lines, on a capital expenditure of £17,661,600. The
receipts from the guaranteed lines exceeded the amount
.meed lor guaranteed interest by £1,454,591; the year before
-•>
was a deficit of £316,517. The average receipts per cent,
•he year were £5 5s.; the maximum earned was £9 per cent,
lie E»st Indian.
The Eastern Bengal yielded £8, the Great
ian Penincula, £6 lOs., and the Bombay Baroda & Central
la £5 Os. 4J. per cent per annum.
NBT EARNINGS Of THS INDIAN B1ILWAT8 DUpiNO 1£77.
Railways in India.
ers,
:
,
famine.
Percentage
I^^^farantefd—
Ed
Amount.
^^B>(U*<><<a»<n1<"<!
•
£i,iO:i.Mi
i>i7,m
ian. Jabal. line
™ Ireat Indian Peniniinla*
I,52",ti40
,»dras
ombar
3''4.'.2S
(£
Baroda
cinde'PiiPjaub
*
414.8(5
38.3,9!4
Dellii
oalli Indian
i-iern Ktnaal
i'otal
.
receipts.
Bit -78
62 73
63 91
40 74
6803
4« 9i
48-55
5
SE8
S60,74T
206,-61
7-87
6'i-68
Sli
4762
l.'>8.2
&Kohilkai:d
mile.
6-36
S'45
8-96
S'll
6'6U
3-49
of not eam'ga
te groaa
We
had the pbeMmsnon of grfat (rarellv lo lh« nonth
the north, which led Ui larga (|aantltlmi of grain
being moved from one end of thti eonnlrv lo Ihn othfir. Th«
rvcelpis from this source were a snl ^
.ml.f.ll against th«
very heavy charges Incurred by the
oi lo th.. r.-lii.f of
famlnn. The railways wrr« tliun ,,,ntal, not only In
alleviating dialreis and preserving life, but in r-dacini; rxpoodlture.
It may be computed that about £600.000 of last year**
receipts are dna to famlna iraillc; but It should, at the lama
time, be borne Id mind that this was realixod at the exproM of
01 her mora profitable traffic, which wtt azeludnd by an Inaaffi.
cienry of rolling stock, and by tbe prefereoea aecxaaarlly gir«n
to the conveyance of grain over otner commodltlxa while the
and pleiny
In
,
demand for food existed. With tbo exception of this slight
extraneous favor, the supplies wuro obtained entirely through
the natural course of trade.
St.
Lonis Kansas City
ft
Northern.-Mr. John
Hendemon.
B.
attorney for the receiver of the National Bank of tbe Sute of
MisBouri, appeared before Judge Undley, of tbn Circuit Court,
in St. Louis, and presented a petition of receiver Johnston,
aHking authority to dispose of certain railroad stocks and real
estate
belonging to the suspended
bank to Calvin K.
Burues, of St. Joseph, lor the sum of fo36,407. The petition
states that among the assets of said bank are the foilowiog:
9.818 shares of the preferred stock of the St. I.K>nls Kanna
City & Northern liallroad Company, and 0,980 shares of tbo
common stock thereof, and that the market price of
is 30
for the preferred and 4} for the common stocks, for sale*.
That Calvin F. Burnei otters lo parcbase said stock and real
estate for 330,497, being equivalent to an advance of f4 75 p«r
share for the preferred, and
per share for the common itock
aforesaid over the market rate of sales, and $90,000 for the real
estate aloresaid. Judge LIndley mads an order granting tba
receiver permission to make the sale aa prayed.
mme
St. Fanl & Pucllic— The track on tbe St. Vincent extension
has finally reached the Manitoba line at St. Vincent or Emerson,
which is 154 miles northward from the Northern Pacific crossing
at Glyodon, 200 miles from Breckenridge, and 417 miles from St.
Paul. The road is not yet ready for passenger trains, but will ba
in condition in a very short time, and in a few weeks the connecting branch of the Canadian Pacific will be completed, so that
R.R. Gazette.
trains can run through from St. Paul to Winnipeg.
Seliiia Marlon & Memphis.— The Alabama Court of Chancery
has confirmed tlie foreclosure sale of this road and ordered the
deed to be executed to the bondholders who bought it.
:
Per train
51.-,
Southern Minnesota Extension.— The grading of
this road
finished to Jackson, Minn., 25 miles west from thf present
terminus at Fairmont, and the work of laying the rails is in
is
now
progress.
1 cxas & Paciflc— The Parker County Construction Company,
a local organization, has taken the contract to built the extens on
of this road from Fort Worth, Teiss, westward to Weatherford,
about 30 miles. The company agrees to begin work at once mad
take its pay in bonds.
Toledo Peoria & Warsaw.— The following is the show,
ing of A. L. Hopkins, receiver, as made in his report for September and October
:
BICEIPrS.
Balance September 3
Receipts for September
Receipts for October
?il'22
JS-S!
'"*»
$105,080
Total
EXPENDITCRES.
$141,848
For September.
For October ...
£«,091,S3-J
138,724
^'ite—
itia
,806
0-83
17- 13
4 23
e 79
171
1-9-2
1 ,318
0-69
1-40
1-81
1-47
1-46
& SoDtheastern
!«4
'ir— .\mraoti
crar— Khameaon
anjinb Norinern
4..S.'il
1. 779
iiimtuni
85,
17,.095
1,,9S9
jll«y
:ibai
lolkar
'odact for lessee -f
9,,.).'8
,490
"
88- !3
14-79
31-85
u-m
22 48
!l7-87
!in-24
23 78
,0115
Total
Total for all railways
•
IS 26
85 ^U
£14:,35(i
£6,-13-i,S<:8
The receipts from tbo lines worked by this company are deducted.
Tbo Nalhati and Northern Bengal atate railways were worked at a loss
-.a
B ilance on hand
Troy
&
mortgaged
Boston.
$124,957
—The
to take'up
floating debt.
j!
^
<9 37-100.
Boston Railroad has been
.
.,,,,.
,^
:
GROSS EARNINGS,
1&77.
Total for nine months
*V«''i'"^
''SI'S?
iai,wi
$3,341,999
*V?S:SS
Mt&^it
^"'•""
August 31
Mouih of September
1
to
Total
Inc. $14^,£M
Inc.
Inc.
81,780
IMAH
54<,a«0
$3,(92,023
Inc.
$S50,nt
$1.0J^.a45
Dec
Dec
$88,991
101.850
»f4
»2,569.8S«
portof 1877
•••"•
Actual net earnings.....
nth'a proportion of flrat
Nine
....
company
by
stated
cbarges as
$77i,«i.7
Inc.
$3AUS
Inc.
l,248.7«l
817,278
(8.801,98:
KIT lAHiailOS.
.lannaryl toSeptembcraC.....
Nine months' proportion of Insn
auceand improvemenls as per ro-
m
r»
1.II63,1»7
orSRATDIO BXrBNSES.
Jannr.ryl to April SO
May
1878.
$1,493
Jannaryl to Apri 30
May 1 to August 31
Month of September
$1,090,088
Inc. $SI7,J71
,,
'"'*"'
i43.44>l
$«».«>
tS46,5»
Inc.
$317,371
"".m
1.011,978
Inc.
S4S,SU
...
$&.IS1
Deficit
the paytnent due on
inc
Ti..» fr.r'mrnin0>
foregoing Statement does not include
T"he
omitted in the
.„„„nnt of the Senev mortgage and other charge*
$139,403
1185.884
Inc.
for%7. but which amount
have been especially marked by the :Smpany°I stttemeut year.
whole
the
for
$300,000
important part railways have played in connection with the
'
The operations
of the year
We
are
Y. Tribune gives the following
the results of this company's business for
year.
The first two
nine months to September 30 of the current
are the reports
periods of 1878 mentioned in the subjoined Uble
company, made to the
of William B. Corneau, treasurer of the
is that furnished
United States Court. The third, for September,
with the
by the company's agency in this city. They compare
same months of 1877 as follows
liese
;
&
Wabash —The N.
now able to present
and £1,963, re8,jectlvely.
large receipts were obtained at a lees proportionate
ipenditnre than in any previous year. The aggregate farnings
>ere £11,230,131, and the working expenses £5,003,223. being
The receipts
n average of 44 per cent of the gross receipts.
wim passengers were £3,844,000; from goods, £7,675,414; and
Compared with the
torn miscellaneous sources, £716,707.
I'revloua vear the net revenue showed au improvement of £1,686,14.
The expenses of the East Indian (main line) were only 31
jer cent of the gross receipts
those of the Eastern Bengal, 41;
if the Great Indian Peninsula, 48; of the Madras, 59.
passengers carried was 34,143,513, with an
[ The number of
Jverage mileage open of 7,031i miles, compared with 30,535 319
The proportion
ft the previous year, with a mileage of 6,094.
percent of the first class was 63-100; of the second, 2 23-100;
ind of the lower cla.«ses, 97 14-tOO.
The weight of goods carried amounted to 8,309,943 tons,
Compared with 5,794,949 of the previous year.
The proportion per cent of the gross revenue from passengers
i^» 25 77-100, and from merchandise, including minerals,
Troy
The mortgasre bonds to be issued are
for $1,000,000.
|500,000 of bonds due in 1883, and to liquidate the
to nearlr
—
.
.
:
THE CHRONICLE.
516
[Vol. XXVil,
O OTTO
N
j
Friday, P. M., November
C oil MERC 1 AL E PITO ME.
I
The MovEJiEXT of the
Friday Night, November
The
15, 1878.
15.
alight irapulso given to business by the termination of the
yellow fever epidemic, and the obstruclions which it imposed to
communication with the Southwest, is no longer felt, and trade
circles begin to assume the aspect usual to the period " between
seasoGR,"' which we are now approachinf^. The probable early termination of inland navigation at the North and West restricts in
a measure the pressure to sell bulky articles of produce, causing
an accumulation of stocks in store, and by this process somewhat diminishes for the moment the volume of exports. The
weather continues quite seasonable.
The market for provisions has been irregular, and speculation
in lard varied aa the receipts of swine increased or decreased.
Mess pork has shown little change, but, on the whole, rather
tended upward. The speculation has br'en mostly iu new mess
for February delivery, and yesterday 1,000 bbls. sold for that
month at $9@9 05, while old mess on the spot ranged from $7 05
@8 00. To-day, there was abetter demand on the spot, but futures
new mess offered at $9 for February. Lard declined to
dull
$6 17i and advanced to $G SO for prime Western, on the spor,
and options for February sold as low as f G 27^, and as high as
$6 45. To-day, the market was slightly dearer, prime Western
closing at |6 35, spot and December, $6 30 for January, and ^'6 35
Befined lard for the continent has sold more freely at
for March.
$6 80(g0 75. Bicon has been quoted at4fc. for Western long clear.
Cut meats lower, but the most important decline is in pickled and
smoked hams. N»)w Western beef has met with a moderate
demand at Brm prices. Beef hams have declined. Butter and
cheese slightly improved, but close barely steady. Tallow has
been active at (il@3 9-18c. for prime. Steariue has sold freely at
7c. for prime city.
There has been more doinur in Kentucky tobacco the past week,
owing to the completion of negotiations for a large line for
export. Sales, 2.30J hhds., 2,100 hhds for export and 200 for
home consumption. Prices are firm, and lugs quoted at 2|@5c.,
and loaf 513143. Seed leaf, thouifh in pood demand, has not
been so active as last week. The sales are 1,993 cas^s, as follows:
Crop, as indicated by our telegrams!
from the South to-night, is given below. For the weekending!
this evening (Nov. 15). the total receipts have reached 170,001
bales, again.st 180,874 bales last week, 107,280 bales the previous
week, and 16:?,236 bales three wet:ks since; making tlte totalj
receipts since the 1st of September, 1878, 1,304,333 bales, against'
1,125,721 bales for the same period of 1877, showing an increase'
since September 1, 1878, of 238, 512 bales. The details of the^
receipts for this week (as per telegraph) and for the corresponding,
weeks of four previous years are as follows:
'
Receipts this w'k at
New
1878.
1877.
Orleans
Moliilo
5,101
191,571
205,000
186,135
26,379
21,390
299
12,887
2,581
&c
Tennessee, &c
Indiaiiola,
Florida
J<ortn Carolina
8,959
17,233
Norfolk
City Point,
170.004
700
Galveston
1874,
55,252
16,813
19,831
•J
Savannah
1875.
40,333
22,908
24,177
2,230
27,130
27,188
1,055
10.339
1,060
8,146
32,130
1,79S
19,723
1,768
Charlcstou
Port Royal, &c
1876.
50,307
15,374
2i,323
208
31,799
20,372
282
6,435
193
7,020
23,981
7,611
&o
oit
422
27,000
25,767
387
230
797;
6,711
731
6,707
21,770
1,681
9,798
391
l,0G9i
18.399'
2,118
;
1,164 canes Pcnjisylvania, 10.'a23Jc
100 di. New Ensjland, 12:(()
20c; 598 do. Wisconsin. 7(g9;.r 30 do. Ohio, 7@10c.; 101 do New
York, priifate terms, all crop of 1877. Spanish tobacco unchanged;
Bales 500 bales Havana at 85c. @|1 10.
Brazil coffees have latterly shown weakness, in consequence of
the limited movement an 1 the very material incre.'vse iu the supplies; the slock of Rio in first hands being, at the moment,
73,059 bags; fair to prime cargoes arequoted at 14|@lGJc., >jold
mild grades, on the contrary, are in small stock and tirmly held.
Late sales include: 5,-523 bags Maracai bo and 3,000 bags Savanilla at quoted figures.
Rice and molasses a.'e without new
features; trade has been slow and prices more or less nominal.
Refintd sugars have also been (juiet and somewhat depressed
standard crushed quoted a* 9fc. Raw grades have naturally been
in sympat jy; iair to good refining quoted at ?@7ic.
;
;
;
Hhds.
Boxes.
Stock Nov. 1. 1S7S
Receipts since
49,567
ii.MM
I,n-J
Sales since
15,523
46,474
Stock Nov.
Stock Nov,
Stock Nov.
13,7.iO
1878
14, 1877
IB, 1676
13.
Bags.
U\^.89
69,5 '8
11)437
1 3,810
7J8
53.05.!
10,104
18,S:9
2.')3,3;j
13 161
11,3W
IT.tii
Melndo.
1,816
119
1,974
S9
',51i
;
;
iO^d.; refined
petroleum
to
Bremen,
3s.
4Jd.;
do.
in cases to
Java, 38c. gold.
Naval stores have been rather quiet, until the clo.'e, when an
advance in sp rits turpentine was caused by increased demands,
due to higher advices from Wilmington, and a].s;> a slight
improvenieot in the Euglish market?; now quoted at 29ic. bid,
and 30c, asked. Rosins are unchanged commoa to good strained
being quoted at $1 35@|1 40. Petroleum has con'inued at a
;
crude, in bulk, 5Jc.; refined, in bbls., 9ic, bid.
American pig iron is dull and demoralized, the failure of the
Allentown Company causing quite a commotion No. 3 is selling
Lead has advanced and has sold at §3 85 for
at $16 per ton.
common domestic.
Ingot copper has continued <iuiet and
unchanged at ISJc., cash, for LaKe. Cloverseed more active at
7@7Je. per lb., but other seeds qu'et. Whiskey lower at |l 09.
standstill;
;
week
.
Total since Sept.
152,133'
1,301,233 1,125,721 1,421,9U3 1,249,911 1,113,051
1.
for the week ending this evening reach a total of
117,700 bales, of which 65,039 were to Great Britain, 12.437 to
France, and 40,390 to rest of the Continent, while the stocks as
made up this evening are now 511,403 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season.
The expons
Week
TO—
EXl'ORTEI)
ending
Nov, 15. Biitain.
France.
ueut.
1
1
1877.
40,290
117,760
94,188 511,462 572,059
Cli.arn'u
5,770
7,411
10,986
5,817
12.960
16,084
5,950
3,118
2,319
05,039
12,137
100
100
STOCK.
1378.
11,005
18,727
1,100
1,045
7,653
N, York.
NorfolkOther* ..
1877.
29,332 102,478 100,912
21,479 39,005
20,005 96,570 78,201
15,649 91,458 81.724
4,320 96,842 71.171
11,017 53,73.5 54 .',123
4,750 16,900 30.120
8,435 32,000 14,000
....
Galv't'u-
Same
Week
13,634
100
23,355
29,256
11,105
6,992
12,960
17,034
5,981
Savan'h.
this
Week.
Total
N, Oi-l'us
Mobile..
950
Tot. this
week..
Totsince
Sept. 1. 111,391 4S,S76| 135,328 026,095 415,627
• Tho exnorre this week under itte ntjawt ot "ot'ier p fte"
uciu.i.-. iron U^ltl2,tVS7 fifties to Lh'urpool
from tioatoi, :i.705<)Ale? t Llvcpiol from PbllalelDlilH. vi5-i bale* to Live-pool; from Wilinln.s^ton, 2.47J Pal''* to Liverpool
imd yoO bales to Havre from Pouaacola, 6,300 bales to Llv.!riiool.
more,
:
;
;
In addition to above exports, our telegrams to-night al-so 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
We
On
Nov. 15, AT-
Liver-
877
There has been rather a slack business in ocean freijrht room,
neither berth nor chartering tonnage beinfr wanted to any important extent; holders of room, however, have succeeded iu
mijintaining rates with a fair degree of steadiness. Late engagements and charters include: Grain to Liverpool, by pteam, 8d.;
cotton, J@9-32d.; bacon, 40.s
chees", 45s Hour, throusfh freight,
3s. Cd.; grain to London, by steam, 8d., 60 lbs.; flou-. 3s.; do,, by
Bail, 28, 3d.; grain to Hull, by steam, 8d.
flour to Glasgow, by
sail, 2s. Cd.; do., by steam, 3s, Od,, through freight; grain to Cork
for orders, 5s, lOJd. per qr,; do. to Bordeaux or Antwerp, 5^. 9d,;
do. to Marseilles, 53. Cd.; do. to Rouen, 53. 7id.; do. to Oporto,
18i®19ic. gold per bushel; refined petroleum to the Continent,
3s. Cd. per bbl.; naphtha to Sables d'Olonne, 4s. Gd.; cases to
Gran, 33c. gold. To-day, rates remained steady; graiu to Liverpool, by steam, 8d.; do. by sail, 7|d.; hops to London, by st^am,
^d.; grain to Bristol, by s'e;im, Sd,; do, to Havre or Antwerp, 5s.
3d. perqr.; do to Rochefort, 6s,; do, to Hivre or Dunkirk, 5.<i,
;
Total this
pool.
New Orleans.
Mobile.-..
6,500
1,000
21,000
16,293
1,800
...
Savannah
Galveston
New York
Shipboard, not cleared
_
Other
14,750
4,400
3,000
10,515
32,250
2,100
17,000
11,068
800
1,9.50
—tor
Coa.st-
France, pui-cij^n
Leaving
„,
.
,
wise.
Total.
None.
None.
3,500
2,025
None.
53,500
7,500
44,500
40,531
•4,5,50
Stock.
40,000
13,979
46,958
50,311
49,185
46.593
33,495 Ct,3(lS 0.125 1.50.581 215.433
* Included
— ijales at Presses tor foreign
tuts aiiioiijit there are
destination
of
wliieU
ports. tUe
we cannot leant.
Total
m
From the foregoing statement
with the corresponding week of
will be seen that, compared
it
there is an increase
of 23,578 bales, while the stocks to-uight
are 01,197 l)ales to* than they were at this time a year ago. The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to Nov. 8, the latest mail dates:
in the exports this
week
UKCEIPTS SINCE
SEIT.
Ports.
1878.
N.Oflns
Mobile,
Char'ii*
Sav'h..
Galv,*
.
N.York
Florida
N. Car.
Norf'k*
Other.
118,814
48,603
226,221
313,951
200,408
23.307
12,390
50.992
108,753
21,730
This yr. 1188,229
1.
EXPORTED
SI.VCE SEPT.
Great
1877.
212,351
83,458
150,945
181,609
122,186
4,044
Britain.
35,796
10,134
40,022
74,250
20,803
89,732
1
Other
Ff,ance.|Forelgn
9,950
15,359
8,540
5,875
5,706
4,312
23,528
38,510
6,152
4,043
17,526
43,933
35,651
2,050
1,680
376,852
36,139
972
40,500
125,731
9,018
ITOStock.
Total.
61,111 71,826
10,134 15,057
72,000 101,850
118,641 101,939
41,661 93,426
98,087 47,338
...J
21,2.56
43,938
10,007
22.125
5,760
41.4111 13,f500
95,038
508,329 483,068
931,l.-,0 238.043 37,087! 45,709' 321,130 519.311
Unoerttie nead of Oharlestton is Ittoliijel t*orc itoy.il, &c.; under toe Ileal of
la laclulel Indlanolo, &o.i uader the liead of Norfolk Is Inclined City
Lastyr.
'
last season,
OalvMiim
Point,
&,c.
.
NovKMiiKii
;
mail returns
'!''
!.')jrii|>liic
corrospoml prwlmily with
<lo ni)t
llffuras, Ixicausn
tlio tolnl
iirii|)ttrinj{ tliiMil it \n
iii
alwnyx
ovnry corrMtinji miulu nt thu portH.
There whm a very good jjonerul (Innmnil for cotton on thci n]mt
':.'
first half of tliu weclv, and on AVeiluesdaj- (|U()tation.s weru
y to iiicorporatii
vancwl
1 Uio.
to
,
DJc. for niidtllinp iiiilandii.
however.
Tltl.s,
To day,
home sjiin-
tho effect of hriiiging; husiness nearly to a Htandstill.
null
pricwi
rs.
ly
sternly, but the demand was limited to
For future delivery, tlie spt'culation has l)eon only moderactive, and in the course of Saturday and Monday prices
were
declined under adverse foroij^n advicoH and tho general
Monday afternoon, however,
•acK of contideactj in the situation.
towards Uijjher prices, whidi was
liore was some reaction
favored on Tuesday and Wednesday liy stronger accounts from
Liverpool, and at noon on Wednesday about the higliest fijjures
November, 9'3i; l)eceral>er,
>f the week were made, as follows
February, OTl; March, i)-83; April, 0!)4;
:)'48; January, !>•,')!);
May. lOOi; Juno. 1013, and July, lO'^J; an advance of from 18
:o 26 luindredtlis from the lowest figures on Monday.
This advance naturally brought out sellers to realize profits, and gave a
course
to
values,
lownward
to which a decline in futures at Liverpool on Thursday contril)ute<l, and the opening on that day was
fully ten hundredths below the highest figures of Wednesday;
)iit when it became apparent that receipts at
tho ports would be
lit, c()mi)aratively. prices recovered to about the highest figures
Wednesday. To-day, the opening was stronger on the better
;uport from Liverpool, but the demand ])roved limited, and at the
close, under rumors of a favorable Bnreau rei.ort. the ailvance
ilighlly
:
was wholly
jf ve.sterday
lost.
forward delivery for the week are 324,800
free on board.
For immediate delivery the
aital sales foot up this week 8,804 bales. Including 1, 780 for export,
j.UO for consumption, 108 for speculation and 1.790 in transit. Of
.he alK)ve, 100 bales were to arrive.
The following tables show
'ho official quotations and sales for each dav of the past week:
The
total sales for
—
including
Miles,
.
.
.
,
THE CHRONICLE.
1878.]
1(1,
8
1
I'ulei.
517
cu
B>lM.
f».7'H»..,
11-41
.
a.cKKi
LflW....,
a^tno
V-IK
V4)l
K'4I
:i,7iJ<i
i.lifHi
Ill.lDO
V«A
lU.HOO
w-<a
»-47
8.IilKl
lii.4nii
1.4(10,.
.
U-fW
IHV7
ti-m
u-iw
.
,
,
,
»::::
V4H
li-BU
,
.
WW...,,
,
V7U
.
ti-TI
I.IKK)
I.HDl
U'4U
y-au
Hen
n..'>o<>
u-ftl
tt-iw
!i.7'"i
via
Vi
ii-r.7
T.tlDll
11-54
9.am
IH.KXI
VIM
11.4011
T.iieo
icM
U'M
IDJWO
tl-ft7
11.4'Mt
«-&»
4.1(li>
k-M
«i.Hao
ror March.
D-no
400
(i-ni
1.4m
!»»>
IHH
101)
U-M
H-M
e-iH
iKM
100
Fir Kebniftrr.
7110
rot April
U61
.
1. !«••....
S.IIIfi....
{Hi
400.
1.100
.
...
.
wm
vm
w-m
l.:«i<)
ii-irt
;i.'K)o
u-fw
••..'*KP
IH7
I.IXXI
U-7II
1,*»)
ir4)l
BOO
B-71
li.llOO
M-4D
tf-M
l/WO
U-7JI
iieo
inn
1.S00
wni
»7a
100
800
HDO
«00
600
U-IW
K-M
700
BOO
K-74
K-75
B']%4
soil
100
H-M
9-77
9-7H
a-BTO
101)
»7»
!«,400
If37
»-5»
n-MI
9,000
iCIlO
400
800
400
400
SOO
U-Nl
100
D-BiJ
)00
100
100
VH»
1,800
e-DU
two
8,100
9B0
400
700
1,400
B-83
O-M
II-61
SOO...
O-IU
800
900
BOO
100.
800
UM
1*»
800
I
F«r JalT.
800
18,900
For M*T.
IJOO
»-7fl
!«,»00
Mon
Sat.
Mon
Sat.
TKXAS.
N. ORLE'N.S
mon
Sat.
man.
Sat.
pd.io pxch.4(K) Dec. fiT.T«n.
21 pd. to «X'-h. lix) Dec. lor Feb.
ilOpd. to cxcli -^OO Sov. f or Dec.
•n^ n". to xrh. Soo Nov. for Dec.
'4(1 pd. (o pxch. 100 Jao. for May.
^
^nllnary
I'm
''16
ft.
Ordinary...
jIo<m1 Onlinarv. ..
«rlct (ioodOrd...
838
>ow Mlildllne
9
»
{»!«
ft
<"ifl
strict
Low Mid
''a
'^8
8%
8i:'i«
838
S13i0
8»8
9iin
8%
83s
8l3i«
!Wie
MltUlliiii,-
tWMl MiddliiiK
nrlit GoiMl.Mid...
Fair
Vllddlliig
'i!r
ft")
The following
105,8
^
Uriel
OrtUnary
5>.
.
,io<Ml Ordinary
'Uriit (ieiiilOi-d...
tow Miildliiik:
i;i«
719
/'a
7i^i«
8'ia
S'a
P'la
93,8
938
838
813l8
u
^
7J9
938
93s
938
»"!«
!>»!<•,
9»ifl
9'-',n
9»,fl
Win
ni:!i,
9'-'ic
1
tlTed Tueii
Tpi» 8l8
7 "8
838
81316
8"l8
8'8
9
9>8
95l6
9»,8
Markct-
8»»
91l6
9 '4
9;%
90,6
913,8
January.
Fubniary
9h6
9M.
93i6
938
!)3g
9!>18
lOl'lB, 11
Th.
Fri.
I
019
I
9'4
938
9»16
95l8
9'l8
958
91S18I 97s
10I18 1018
lO'^
113l6 11»4
I
Th. Fri. Th.
I
Fri.
719
719
71a
7%
731
7?i
7->i
jtrlct Ordinary...
7i5ie 83,8
7'5l8: 715,8 715,,
83,,,
83,6
83,8
8T,g
tOcmI Oidiuary
8II16
8lii8
ml,
H-'l6
8'l6
8'
9I8
9I9
HrlctOiMKlOrd... 8 '8
8^8
913
9 Is
8"a
9I18
9I18
9I16
jOW .Middlins;
9118
95,6
95,8
Itrlot Ij)wMid
»-',8
03,6
93,8
93,8
O^io
0'l6
9M6 ?.>
9''l6
vtidrtliiif,'
9:18
938
939
938
9%.
9-'5s
958
ioort iMiddlins
9-'8
938
9=8
9^8
978
978
ft'a
9-8
9-8
«ri(t (iiKidMid.
9'8
104 10>8 1018 1018
9'a
MliUllint'Fair
1039
1038
10^ 1038 10=8 105« 1058 1058
F»lr
11
11
11
II
11»4
11'4
IIU 11 14
irdlnary
ft.
100
Hoo
10-11
10-14
loio
IO-t»
vyn
D-lir.
tfm
8,830
IS
S»3.
Jan.
pd. to Bxeli.700 Vo- for Ian.
'. to exeh. 100 .Ian. for Mar.
pd. to eicti. 100 Dec. for Jan.
ap
-i:i
.
show the
will
Lower.
A»t
—
9-403 —
9-513 —
9-62® —
9-73374
9-8.'ia —
9-24 a
9-'29a30
Decciub'r
March.
Aiiril
my
..
..
.
Tbnra. Frtdaj-.
Firmer.
Eairier.
Bm. A't. JIM A»t. ua. A't. Od. A'k.
9-22323 9-30331 9-32333 9-38 a 39
ftU.
9-20327 9-3.".(/:i':
9-37338 9-47 «
9-48349 '.>->:<<,
9-OOa — 9-71 (iT;-
9-40941
"111..
—
!
9-71
»72
.
,
9-833t-4i 9-'<7.;-~
9-82383i 9-9439.'>|
9-!i^.;
A'k.
9-.-J0937
9-44»4.'>
9 •,'57 3.78: 9-.'i33.'Vl
0-093701 9-6.'>96«
!)-« 13821 9-77978
!i '.)-j'i^!):ii
ti-S9390
III (I.! ,;().-,
l(l-i)0
3
—
9-95»96 9-9339.') lO-0.i30e!lOOS<i (ill liiUctUi 1009311
» 04 1002304 10-13314'10-l(i317 10-233-2.-), 10-17310
June
1 0-03
July
Tr. (inters
Wed.
Flnner.
I
Pinner.
Kasler.
,
Closed
Dull.
9"25
9-35
9-3.5
9-40
Dull.
Steiidy.
Weak.
8teiMl>-.
I
940
Steady.
I
Gold
E.xcli^nKe
1004
4-79
1004
1004
4-79ia
4-79I2
1004
4-80
1004
4-80
1
1004
4-80
83,6
S, '»
9I8
9n6
915,8 9'«
101,8 10'8
10«,„ IOSb
113,8 11^4
1038
I
7%
8l8
858
83,6
8=8
91 16
,
ft-'B
105,8
Frt.
7%
B-UI
lO-OI
io-«r
lo-ia
MIDDLmO UPLANDS— AMERICA!! CLAMiriCA-nOK.
Nov'nib'r.
Wed Taem UTed
7II1,
T-2
Low Mid
919
WddliiiK
»5l8
j«o<l Middling.. .
ftSg
strict Good Mid...
91*10 9%
Middling Fair
105,8 103e
•fair
10it,a 11
nrlct
Tta.
ftl*
94
..
lo-M
IO«i
10^
101)
closing prices bid and aiiked for
future delivery and the tone of the market, at 3 o'clock P. M.,
on each day in the past week-
7"l6
913
9^1,
91-'lt!
lO'ia llOho 101,8
105,« lOBjg 105,6 10»i6 10»16 10»,8 109,8
10i6„ 10l4,« 10'°in 113,„ 1113,. 113,6 113,6
8
Toes TTed Taes
Jnlinary
8=8
9'l8
«'lfl
!>l4
ft
9»9
'8
84
8>9
8 ••8
«•»»
V-fM
Sir?
D-DO
-11 pd 10 etch. 1011 Dec. for
•Vi pd. 10 excli. 100 liec. r<>r
.
nid.
itrlct
tl-dl
io-ot
..
The following exchanges have been made during
the week:
>i
.
•11
Sat>day. niond>]r T'sday.
UPLANDS. ALABAMA.
Jatimlay, Nov. ft.
;o Friday, Xov. 15
10-M
100
900
VOO
800
I
The Visible Supply of CoTTO^f, as made np by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Nov. 1.'5), we add the item of
exports from the United States, including in it the exports of
Friday only:
1877.
1876
1878.
1875.
Stock at Ll%-erpool
Stock at Ixiudun
371,000
21,500
429.000
29,500
ft4X.00O
33.250
31.'5.2.'50
392.500
108.7.')0
1.7.S0
145.2.iO
458..)00
156,7.50
609 300
188 000
.'..OOO
3..SUK
7,000
3,500
22,000
39.000
9,300
53.000
20a.>
£0,0 JO
3!,7.'50
6.750
2.7.')0
7,730
28-2,000
:
63 500
1
i>
.
STAINED.
^
><Kxl Ordinary
HrlctGood Ordinary
ft.;
>
ix)w J[i<ldlin!r
Middling.
!
...
I
Sat.
jnoD Taea
""n
79,8
8I13
8I18
s»i«
8i4,6
8«).)
8'-'i6
UARKET AND
'
Wed
Th.
Fri.
7»:10
758
758
758
81,8
89,8
81^10
84
84
84
858
858
858
9
9
<)
SALES.
8M.K8 OP SPOT AND TKVNHIT.
SPOT MARKET
CL08KD.
.
Spec- Trnu-
port.' gnrnp. nt't'n
483
barely steady...
rtioH-lQuict. Arm
Wed .iQiiii-t.sfdy.liighr
irilUTB Wr(«l)f
Fri. .iSteadj^rotal!
Con-
.... 1.73GI
Total.
Soles.
900 l,7o3 23.300
08
9.57
2,001
1,107
050] 1,800
401 1,244
899
899
1,1.^8
144
200
247
sit.
Deliv-
7B3
206
ioo
8.')<»
."5,1101
70,300
63 900
4.}. 100
61,100
01,200
108 I.790I n.iOA 324.900
eries.
1,300
1,900
1,100
00
800
600
6,200
For forward delivery, the sales have reaciied during the week
|328,10O bales (all middling or on ttje basis of middling), and the
Tolluwlng is a statement of the b ilea and prices:
'
For Sovember.
»'«•
(:t<.
BaK^i.
<:t<.
Bale^.
I't-.
raV*.
HOC)
2.81)0
u:u
700
0-28
a-29
«-3o
9-31
9-39
9-33
J.BIX)
400
400
100
»-20
0-21
'.)-3(>
.VK)
I)-«2
KK)
B-37
lOOg.B.lStU B-.">»
2,.soe
10».
100.
»»(
31X1
M-21
8-25
8,000
9-27
UJiS
1.000
•aOO.
MO.
l^So.','...
400
100
'..','..
800
4,200
100
sooi.n.ieni
400
o-an
vm
t)-38
1.700
4..
For December.
800
9-.S0
4,900
6,900
9-31
»-32
1,000
900
9-38
9-23
9-24
9-29
9-26
»-27
00
0-35
3,40(1
9:17
U-.m
9-39
9-40
9-41
9-49
1,800
3.800
2,200
liSOO
33,900
9-;tfl
43.000
31,750
.'53.7.'50
ft-.;,-JSO
9.000
1-2.0IIO
U
.'..OOO
10.-25O
9,250
:3,500
,)00
.\750
7.500
192.000
-296.250
353. 750
361 250
.'>07.2.->0
OSS.T.iO
8l'2.2.50
970.750
40.000
174.000
329.000
84.000
SO0.630
loO.OOO
379.0O0
19.0O0
Eiry])t.Briuil..tc..antforE'r'pe
Stiick In United States i>orte.. 311,462
104.417
StockiuU. 8. lnt«rl(«riMirta..
40.000
United States exports tonlay
.
268.0<K)
.'>0.0«0
372.6,59
71.679
13.000
93., 11
10,000
IS.-V.OOO
318.000
63.000
373.893
77.783
34.000
Total visible supply. balc8.1.66l.l29 1,709.083 -2,303.391 2.-222.125
or tlio above, tUe totals ot American and other descripttona are a*
follows:
Ltverpool'stlwk
Continental stocks
Amerleanalloat to Europe....
Unitc!rstut.-.H stock
r.....
United States interior stocks..
United States exports tonlay
.
Total American
Inilla aiu'ivt
f.
1-
K^^^^^^^^^^^
Egrpt?Bra»ll"&c..Xai:^
140.000
83.2.30
indimaiH-k
cSntlnentiU
104,000
204.000
268.000
372.039
74.679
13.000
161,000
221.000
173.000
3-29.000
800,6,10
348.O0O
373.593
77.782
34,000
9J.711
10.000
1.5J.000
l)ales.l.320.S79 1,298.338 l.<il5.341 1,339.075
nfe?;ooi'«,:i/''.":!';.'^;~..
.......
sticks .....
142.000
144,000
379.000
311.462
101.117
40.000
..
48.000
100,000
19,000
207.000
21.5O0
208.000
Ha.Mrj
»2,-230
13-J.7.50
40,000
50,000
174.000
84.000
:n3.ooo
63.500
208.1W0
13.3.000
03.000
688,250 862,7.30
3 10.2.30
Total East India. Ac
lCt!uAmoricau.f! ..".":.. 1.320.879 1.298.333 1.015,341 1.3-39.675
4 10,7.'50
9-
4.100
9,500
400
2.400
IJJDO
1.900
't'.
9-43
9-41
9-43
9-40
14,-)00
41.7.'50
29..50O
Total continental ports....
.I)
(;
8.tK)0
Total European stocks.. ..
India cotton afloat for Europe.
Anier'n cotton afloat for Eiir'i)«
.
Ex-
^:it.. (Juiet. stCiidy
Hon
Total Oi-e.it Britain stock .
Stock at Havre
Slock at Marseilles
Stock at Barcelona
Stock at Ilamliurp
Stock at Brciiiim
Stock at Amsterdam
Stock at Kottcrdani
Stock at Antwerp
Stock at otlier coutl'utal l)ort8.
For January.
noo. ........
4.300
9»i
W.OIX)
O-.Sfl
5,000
S.800
8.100
4,900
9-37
9-38
9-;f5
B-.39
9-40
1,661.129 1.709.088 2,«W 591 2.23»j4»
Total vlMl.lesnpply
6^»<»<>^l«<l9^ifi.
S^WPrice Mid. Upl., Liverpool....
These figures indicate a deereaie in the cotton In eight to-night
d»te of 1877,
of 47,050 bales as compared with the same
%
—
..
.
decrease of 643,463 bales as compared witli tlie corresponding dat
of 1876, and a decrease of 561,296 bales as compared with 1875.
—
At the Interior Ports the movement that is the
and shipments for the week, and stocks to-night, and
week
corresponding
statement:
—
of 1877
is set
Week en aing Nov
.
Receipts Shipm'ts
Augusta, Ga
Columbus, Ga
MaslivJlle.Tenn..
6,708
3,527
2,623
5,004
4,351
24,504
2,066
Total, old ports.
48,903
Macon, Ga
Moutgoraery, Ala
Selma, Ala
Memphis, Tenn..
Dallas, Texas
Jefferson, Tex.
Ga
Ga
Atlanta,
Rome, Ga
Charlotte, N. C...
Louis, Mo
Cincinnati, O
fit.
p'rts
Total, all
'
out in detail in the following
15, '78.
Week ending Nov.
Stock.
Receipts Shipm'ts Stock.
14,540
7,321
7,254
10,741
16, '77.
8,541
50,231
5,789
8,713
3,473
3,295
5,014
4.073
17,927
2,193
7,295
3,411
2,725
5.562
4,517
16,400
3,116
10,288
8.542
7,774
5,486
28,887
1,123
25,545 104,417
44,688
43,026
74,679
2,436
2,054
6,708
1,744
1,100
3,966
4,771
1,094
1,180
1,156
4,300
4,074
1,125
1,311
498
4,833
2,561
2.460
8,753
3,138
2,032
1,200
4,026
3,860
2,038
2,969
1,454
13,261
2,048
1,877
18,757
4,142
57,724
878
2,551
.
new
5,901
3,128
2,193
4,154
3,390
5,841
receipts
for the
2,0.50
12,.579
895
317
2,501
3,000
1,191
1,147
3,436
3,350
2,254
1,400
12,234
9,590
1,203
2,500
1,012
1,178
3,656
3,208
1,254
13,883
9,279
36,059
2,516
5,602
1,919
2,408
10,479
4,140
41,609
39,882
70,166
39,110
34,989
90,512
65,427 174,583
83,798
78.015 132,403
.
Shreveport, La
Vlcksburg, Miss •
Columbus, Miss.
Eufaula, Ala
Total,
342
3,-533
4,021
2,084
2,040
5,799
2,344
780
707
572
Estimated,
The above totals show that the old interior stocks have
increased during the week 33,333 bales, and are to-night 29,738
The receipts at the
bales more than at the same period last year.
same towns have been 4,315 bales more than the same week last
year.
—
Receipts from tub Pl.'V.ntations. Referring to our remarks
in a previous issue for an explanation of this table, we now bring
the figures down one week later, closing to-night:
RECErPTS FROM rLANTATIONS.
y^Q^
end'g-
9ept 6.
Receipts at the Forts,
1876.
lb7".
19,73)
1878.
5 8JS
26.750
Stocfe at Inter'r Ports
1876.
1877.
80,76il
16,449
1878.
Rec'pts from Planfnt.
1870.
9,97it
18.866
18(7.
1678.
5,885
26,7r,0
"
18.
41,45:
18.10»
47,431
23,431
16,SrJ
18,971
41.457
11,932
47,431
"
80.
6S!,998
24,345
74,365
23,904
16,104
26,377
6J,998
21,177
74,355
"
87.
S5,84o
43,li8
98,863
38,1:3;
20,510
37,872
93,845
43,128
98,863
182,199
70,040
130,990
57,048
29,723
47,208
152,199
Oct.
4.
70,040 130,990
"
11.
136,074 IO»,SM
118,159
72,277
41,891
69,82)
136,074 109,261 148,153
•*
1".
152,820 135,054
160,833
84,871
58,743
79,597
163,820 1.35,064 160,833
•'
25.
174,617 157,609
162,836
103,774
cO,374 97,!-87
174,617 167,t;09 162,236
NOT.l.
801,901 177,336
157,280
123,652 105,814 115,034
201,904 177,336 167,280
"
8.
811,810 1S8,1T6
18a,6?4
1)8,111 126,630 149,496
211,810 198,776 188,874
"
15.1
205.606 194,571
176,004
1,57,361 13i,403 174.5831
206,606 194,671 176.001
This statement shows us that the receipts at the ports the past
week were 176,004 bales, received entirely from plantations.
Last year the receipts from the plantations for the same week
were 194,571 bales, and for 1876 they were 305 606 bales.
Weathkr Reports by
TELKGRA.pn.
— There
has averaged
the highest being 64 and the lowest 33. It
The largest portion of the cotton crop fro
this section has been marketed.
Nashville, Tennessee.
It has rained slightly on one day of tl
past week, the rainfall reaching five hundredths of an inch, b
the balance of the week has been pleasant. The thermomet
has averaged 51, the extreme range having been 41 and C
Planters are holding on to their crop.
Memphis, Tennessee. Telegram not received.
MobUe, Alabama. It has been showery one day, but the bi
ance of the week has been pleasant. It is rainy to-day. Tl
cause of the large receipts this week is the removal of quarantii
restrictions.
Average thermometer 60, highest 81, and lowe
48.
The rainfall for the week is forty-seven hundredths of
inch.
Picking is making fine progress.
Montgomery, Alabama.
have had no rainfall during tl
week. Picking is progressing finely, and planters are .scndii
their crop to market freely.
Average thermometer 57, high*
77, and lowest 39.
Selma, Alabama. There has been no rainfall during tl,
week, and it has become very dry and dusty.
Madison, Florida. Telegram not received.
Macon, Oeorgia.
have had no rainfall during the wee
The thermometer has averaged 58.
Columbus, Oeorgia. It has not rained here during the weJ
just closed.
The thermometer has averaged 63. About one-ha
the crop of this section has now been marketed.
SanannaU, Oeorgia. There has been no rainfall here, tl
weather having been pleasant the entire week.
The the!
mometer has ranged from 44 to 75, averaging 59.
Augusta, Oeorgia. The earlier part of the past week was cle;
and pleasant; but it has rained slightly on two days the latt'
portion, the rainfall reaching fifty-four hundredths of an inc
Accounts are good, and picking is progressing finely. Plant^
are sending their crop to market freely.
Average thermomet'
66, highest 73, and lowest 33.
Cliarleston, South Carolina.
There has been no rainfall durir
the past week. The thermometer has averaged 58, the highe:
being 71 and the lowest 43.
averaged 66, the extreme range having been 53 and 74, and the
rainfall has been two inches and eighty-one hundredths.
A
killing frost was confined to northern lexas.
Indianola, Texas.
It has rained on four days of the week,
welcome showers, the rainfall reaching two inches and thirtynine hundredths. The thermometer has averaged 67, the highest point touched having been 83, and the lowest 52.
There has been rain on two days during the
Corsicana, Texas.
week, good showers, and killing frosts on two nights. Average
thermometer 59, highest 83, and lowest 23. We have had a
rainfall of two inches and forty-five hundredths.
Rain has fallen on two days the past week,
Dallas, Texas.
with a rainfall of two inches and twenty-five hundredths. We
have had delightful showers, probably extending over a wide
Wheat planting will now be active.
surface, but hardly enough.
We liave had killing frosts on two nights. Average thermometer,
—
—
—
and lowest
32.
We
have had delightful showers on two
days this week, and the indications are that they extended over
a, wide surface; but we are needing more, as the ground is very
The thermometer has averaged 66, with an extreme range
-dry.
of 53 and 78. '1 he rainfall has reached two inches and twenty
hundredths.
New Orleans, Louisiana. We have had rain on one day of the
past week, the rainfall reaching eighteen hundredths of an inch.
The thermometer has averaged 63.
Shreveport, Louisiana.
The pleasant, dry weather with which
we Uai'e been favored during the entire season was succeeded
yesterday by sprinkles and heavy rain last night, the rainfall
reaching ninety hundredths of an inch. In certain localities
picking is nearly finished. The thermometer has averaged 59
during the week, the extreme range having been 39 to 80.
Vicksburg, Mississippi.
Telegram not received.
The weather has been clear and pleasColumhiLS, Mi^mssippi.
ant all the week. Cotton is coming to market rapidly.
l^exas.—
—
—
—
—
'
53,
we
raining as
write.
—
i
—
—
j
;
—We
—
—
—We
—
—
—
—
Comparative Port Receipts and Daily Chop Movement,
comparison of the port movement by weeks is not accural.
as the weeks in different years do not end on the same day of tli
A
We
have consequently added to our other standio
tables a daily and mootiily statement, that the reader may cot
stantly have before him the data f«r seeing the exact relatit
movement for the years named. First we give the receipts i
each port each day of the week ending to-night.
PORT RECEIPTS FROM SATPRDAY, NOV. 9, '78. TO FRIDAY. NOV. 15, '78
month.
D'ys
New
of
Or-
Mo-
Sat..
Hon
Tues
Wed
Thur
Frl.
1
bile,
we'k leans.
5,010
5,905
9,968
5,480
6,911
5,567
Char- Savan- Galnah. vest'u.
3,687
3,569
4,705
3,903J
2,784J. 3,363
1,438 3,049
3,183 3,395
1,953
6,462
5,034
5,420
3,362
3,920
4,011
4,632
Wll-
Nor-
miug-
folk.
ton.
3,680
1,769
1,535
1,848
2,871' 4,924
803
lostou.
4,793
5,929
3.122
1,619
2,78i; 1,844
1,894' 3,441
Tot.. 38,871 19,723 21,70S|26,379 21,390 17,283
— We
Brenham,
Arkansas.— Friday. Monday and Thursday of tl
week have been cloudy, but without rain. The thermomet
1,312
1,000
1,472
All
others.
Total
1,553
1,931
2,352
2,402
1,753
12,063
27,28
32,83
33,44
24,00
22,79
35,61
8,036 22,554 176.00
has been very
rain in the South the past week, and picking has progressed
favorably.
have had showers on five days of the
Galveston. Texas.
'1 he
thennometer has
past week, hardly interrupting picking.
59, highest 83,
[Vol. XXVIl.
Little Rock,
past
The movoment each month
little
.
'
THE CHRONICLE.
518
Grlffln,
.
1
has been as follows:
Year Beginning September
Monthly
Receipts,
since S»Dt.
1878.
1877.
1876.
1875.
1.
1874.
1873.
115,25
Sopt'mb'r
October.
288,848
689,264
95,272
583,087
236,868
675,260
109,077
610,316
134,370
536,968
355,32
Tot. year.
978,112
678,959
912,128
779,393
671,344
470,57
Pero'tage of tot. port
receipts Oct. 31...
15-62
:-59
18-59
19-20
12-37
This statement shows that up to Nov. 1 tlio receipts at tli
ports this year were 399,153 bales more than in 1877 aad 05,98
bales more than at the same time in 1876.
By adding to tb
above totals to Nov. 1 the daily receipts since that lime, we shal
be able to reach an exact comparison of the movement fjr tb;
difierent years.
1878.
T'I.Oct.31
Nov. 1....
" 2....
" 3....
"
"
4....
5....
" 6....
" 7....
" 8....
" 9....
" 10....
••
11....
" 12....
" 13....
" 14....
" 15....
Total
978,112
27,243
21,848
S.
30,964
27,896
23,380
34,808
43,978
27,281
1877.
678,959
31,773
29,165
33,775
8.
S.
44,314
31,771
35,213
22,037
34,522
22,876
32,833
33,448
24,002
22,793
35,647
53,835
26,945
28,463
32,005
S.
1876.
912,128
28,119
35,041
32,587
26,392
S.
44,599
37,082
35,431
27,963
40,324
27,149
8.
56,348
29,245
34,892
1875.
779,393
18,611
30,115
33,481
22,074
29,528
18,624
S.
38,913
22,825
22.874
25,987
20,851
33,221
S.
39,947
1,364,233 1,105,653 1,367,300 1,137,044
1874.
671,344
S.
20,023
28,995
22,715
26,478
20,894
28,531
S.
28,641
28,714
20,604
28,411
27,018
17.955
8.
976,323
1873.
470,57
25,2(!
S.
34,8.'>-.
17,47-
25,211
17,9;-
16,2U
19,S4'.
8.
30,421
21,27,^
17,5C-1
IS.O.i;
25,3i:
18,411
758,431
Percentag 9 of total
port rece Ints
25-44
3386
27-13
27-92
19-93
NOVBMIIER
THE CHRONIC LK
10, 1S78.]
HUitPinimt sUowH tlmt tbo rcciilpts since Supt. 1 up to
i'lii.s
light nro niiw S^S.^SO Imlos more tlinn they wero to the samn
than tlmy
V
of the month In 1877, and 3,OtJ7 bales loss
add to the laiit
ro to the sftiiu! (lay of th« month in 1878.
.Irt
tlio porcpntttgos of total port roceipts which had been
ivpd Nov, 1.5 in each of tlio years nnmod.
Wo
—
SorTIIBHN fOTTON EXCIIANOE CHOP UEPOnXB, We haTo
made tliis week no attempt tii aniily/.p the Cotton Kxchange crop
On nccount of tlio previilpncd of tlie yellow fever tliey
reports.
are not by any means as full as usual, or based on aa extensive
For these reasons, It
data, and some of them are still wanting.
-loems to us that it would not bo fair to draw any exact conclusions from them.
Ei.i.isoN & t'o.'s Annual Cotton CiBcni,AH.— We give In our
EHiitorial columns to-day Messrs. Ellison & Co.'s Annual Circular,
As usual, it is an extremely valuable con.
received this week.
Lribation, not only, or perhaps chiefly, as a history of the past
year, for its facts and suggestions must, in great part, form the
It will bear close study.
basis of our future expectations.
Detailed Cotton Exoiianoe Acreaoe Repokts for Novem1.— We give below, in full, the Cotton Exchange Acreage
jiorts for November 1.
Norfolk Department
Srii.
The Norfolk Cotton Exchange (fl. 8. IloyBolds, Chairman, W. D. Ronntree
! Barry, Committee on iDformatloti and Statistics) Is^noa the following
covoriiii; the SlaU qf Virgi'da and the follnwini; OmntUii in yorl\
Carolina; Hiilhorford, Lincoln, Catawba, Rowan, Davidson, Iredell, Barke,
iVilkes. Caldwell. Alexander, Davie. Forsvtho, Yadkin, aiokes, Surrey,
Rockinchara, Caswell, Person, Granville, Warren, Franklin, Nash, Wake,
Hyde, I'ltt, Green, Carlaret, Cravcfi, Beaufort, Tyrrel. Waehington, Martin,
Bertie, Chowan, Pasquotank, Camden, Currituck, Gat«8, Hertford, Northamp:aD and Halifax.
isd R.
•eport,
North Carolina.—33 replies from 18 coantiea
North Caro-
in
lina,
The weather since October I has been favorable to cotton— rather more so
Light frosts appeared between October 19 and .W and several
',haa last year.
dmos since. There was a kilUne frost in two counties on October 31, doing,
lowever, bnt life damaire. Six replies report about half the crop picked,
ind the balance will be picked by December 10.
Sixteen replies report twobirds of the crop picked and the balance will be picked by November 15 or
0«c<mber i. Six replies report the yield per acre about the same as last year;
'our ah'>ut 5 per cent greater, and twdve about 15 per cent less.
I
.
Charleston Department
the State of South Carolina, and Is prepared and Issued by the
^harleJton Cotton Bxchange, throu"h their Cfommittee on Information and
statistics, composed of Robert D. Mur
Chairman, L. J. Walker and A. W.
.ravers
Ttft.
—
South Carolina. 54 replies from 28 countief.
With the exception of two correspnndents, alj report the weather favorable;
IS compared with last year, twenty-nine report it more favorable, twenty-three
ibout the same, two less favorable. There has been froat In every county.
There was a killing frost generally on Oct. 31, but in sevral counties there
vat killing frost as early as Oct. IB.
All repori little or ne damage done
inereby. Forty-three report from two-thirds to seven-eighths gathered and
Ive all gathered. The picking will bs an!8hed in most counties by th« SOth
,cnst., but a few estimate as late as from the Ist to the I5th of December.
The
field, aicompared w th last year. Is reported by ten counties as Increased from
4ve to thirty per cent, by eleven as decreased from live to flrty per cent, and
by seven about the same. An average based on said data gives Iha yic!d of
the Stat 1 about equal to that of last year.
eovan
61»
NaahTllIe D*p«FtaMat
MUJU
fta swi aaat or
Twmmt
Um
Klvar.
aad Ika
tena^u
M*""*"". Marsliall, Jark.on. UoKalli and Choroke-. Tbi
;'i!i'ri:!i"'
prepared
and Itraed by Ihe Naahrlll.' <"".. ».. i,,n»«, throngb liMlr
leo 00 SutiiUc* aod fnrormallon, I,
c^lrmao.
'
nS»M
*«»»*•
OmmsIW
Middle TenneisM.— IS reph
ooantlM.
Tho wraiber hat b««a favorable, inor.'m ibao last yaar. The acrllast
wat on the lOlh. No dtmag« wt« don* to ih" crop. Two-thirds i.f ib* froat
i
Th'-^'M
The yield
»»<> '•>• picking will kaflnlthai
P
f.''"''.
will
avoracatb«Mia>a at loatyMr.
uon
by tha
DtcamlMr.
•<-""••.
Itt of
North Alabama.— 33 replies from It coantiea.
The weather baa been generalljr ftvnrabl*. mora faTorahle than latt vaar
Frost was reported Irom tha lOlli to ttaaVMh, bnt with Utile damsg*.
Tta
fck'".*i!.*.
I„
ZL,
per cent,
'"""''"'" ""'•ao'l
New
ha Inlahwl about Ihe Itt ot D>c«ab<r.
'"' J""- ">• a»<rra»« dtcrwM wlU bt tt
w'll
" "'•} °'
•"
k!.".*!.'
^"u!^ superior.
bat
toe quality
Orleans Departnent
no* apwrlloned to the Memphl.
?"" •*"
JSJ*Ml.Kn
and
Mobile^AKf
Cotton 'IJ?
RzchanKO*: ^i**'«*9>*
tha aatln StaU <^ Loiiltiana and the MtU*
of Arkamof, south of the Arkantas River. The report la prepared and
Issued by the Ni^w Orleans Cotton Exchange, throngh their
ConmlttM on
Information and Statistlca, composed of Wm. A. Owjo. Chalrmaa
B. L.
Moore, Jesse 8. Flower. John M. WIthertpoon, J. M. rrenkenbatb.
Louisiana.— 13 reports from the following parishes: Coneordia
Catahoula, Kast Baton Rou«», Livingston, Rapides, St. Martio,
St. Landry. Si. Helena, Bt. Joseph and West Feliciana, of
an
averace date of October 81.
The weather during the month Is reporte*. by all eorresposdenU, aa very
favorable far gaherlng the crop, and much belter at compared with laat year
Froct appeared In every parish between the loth aod ««th, bat no damage bsa
been reported. In the above parlahet about thrce-fonriha of tho crop haa
been picked, and picking will he flnlshed between the 3Ub Inet, and the lit
prox. The yield Is aa good at last year.
—
Mississippi. 48 replies from 23 counties.
about October 31.
Average date of
tutlng that Ihe weaih-r has been decidedly bet'er than daring
last y^ar.
I'rost ocrnred In the more northerly counties about
In the lower tier between the »5th and Sflih; out no damage
has been sustained from thot sonrre. According lo our reportu about t^eelghths of tho crop baa been picked and picking will be llulshcd about the l»t
of Decemoer, though in aome nelghborhooda It may be a week later. The
yield as compared wilh laet year It reported aa not to good.
All concur In
the
the
same period
19th,
and
Arkansas.— No
reprirt.
General Note. — In
beg
Kiting the above report the committee
mragreness of their replies,
in consequence of the unreliability of the mails, owinf{ to quarantine.
It is possible the averages might be materially changed,
if full reports from all counties and parishes could be obtained.
to call particu'ar attention to th
•
—
Bombay Shipments. According to our cable despatch received
to-day, there have been 2,000 bales shipped from Bombay to
Oreat Britain the past week and 1,000 bales to the Continent :
while the receipts at Bombay during this week have been 4,000
bales.
The movement since the 1st of January is as follows.
These figures are brought down to Thursday, Nov. 14
Shipments
Brlt'n.
week
this
Oreat Continent.
Shipments since Jan.
Oreat
Total. Britain.
Continent.
Receipts.
1.
TbU
TotaL
1878 2,000 1,000 3.000 321.000 39.'>,00O
1877
7,000 7,000 37i),0O0 423.000
1876
3,000 3,000 561,000 391,000
Week.
716,000
902.000
Since
Jan. 1.
4,0OOI
882.0OO
7,000 1.048,000
1)52,000 13.000 1,055,000
QuNNT Bags, Baooino, &c.— Bagging still continues to drag
and the sales are only of small parcels for jobbing orders. There
is no inquiry for round lots, and the feeling is rather easy, and
holders are quoting lOfcglOjc. for If and 2 lbs., and 10}@Uc. for
M
standard quality. Butts have been in better request than at our
(ieorgla. 75 replies from 45 counties.
last report, though the demand is not large.
The sales for the
The weather has been clear during the past month and great progress waa past week are al^ut 800@1,000 bales, at 3|@3{c., ca.sh and time.
made In securicg the crop; it has been one of the most fav rable seasons for
At the close the market is steady, with holders quoting above
gathering the cotti»n crop ever known — slight fro»tt appi'ared for several
figures, the higlier figure being for a good spinning quality.
loccesslve tights about tte 20lh ult.. bnt no lamjge wa» done xcept in a few
of ihe most uurthern counties of the St;ite. P ckitg wi be fl^i^hed generally
There has been some inquiry for lots to arrive, and the sales foot
about tiie Ist of December. uuU-ss deiayeii bv a product frcpin Ihe second
up 2,000 bales at 2J<a3 5-16c., bond, and 2,500 bales bagging butts
growth; there if, howevur, quite niv.i>ity of opinions
Savannah Department.
This report covers the StaU oj Georgia and the Stat* of FloHiia. The report
lit prepared and issued by the Savannah
Cotton Exchange, through their
I'limmittee on Information and Statistics, composed ot J. II. Johnston,
ivius Phillips, J. J. Wilder, L. O. Young and K.
Oppenheimer.
—
•
1
oncerning what
.
is
to
be realized therefrom ; it is esiimaied lh*»t ihree-four'hs of ihe crop has been
gatherea, and an uunsuaily large percenta'/e of it has been marketed. The
yield of the Slate will be larger than last ytar, estimsted Ave to eight per cent
at presint, and this e-timate most likeiy to be increased, rather than lessened,
when the crop is all gathered.
Florida.
—20 replies from
8 counties.
The weather has been dry and most favorable for gathering the crop; altogether quiio an unusual season. There has bepu no frost in this State; thre*foarths of the crop have been picked, and by the Brst of December picking will
b«pretty much flubhed; the production of this SUte will b« larger than last
season— probably seven per ceut. In some sections there is a Qne top crop
^earning on.
In the Sea Island section picking has nearly finished. This crop has, during
' le season, met with
several disasters, and the yie.d will not be as large as
-I year's by probably 10 per cent.
Mobile Department
wvers the State of Alabama as far north as the summit of the Sand
'Mountains, and the fcUowind counties in Mltnittippl : Wayne, Clarke, Jasper,
Newton, Kemper, Nesholso, Noxubee, Winston, Lowndes,
J Lauderdale,
Jdktlbiba, Colfax, .Monroe, Cli!casaw, Itawamba, Lee, Pontotoc, Prentiss,
Alcorn and Tishamiugo. The report Is prepared and issued by the Mobile
at 2ic., gold.
The Exports of Cotton from New Tork this week show a
decrease, aa compared with last week, the total reaching 6,992
Below we give our usual
bales, against 11,700 bales last week.
table showing the exports of cotton from New York, and their
weeks;
also the total exports
direction, for each of the last four
and direction since Sept. 1, 1378, and in the last column the total
tor the same period of the previous year:
zporu ol Oottan(balea) rrorn New
YorKelncaaeet.I. 18T8
ZrOBTSD TO
.
Liverpool
Oct.
Oct.
Nov.
Nov.
a.
30.
6.
IS.
IrJsoT
1I,1«9
1.600
9,035
11,129
S,(M4
Other BritlBhPorU
Total
to
data.
Bun.
pwlad
prev'aa
year.
et9w
750
2,M0
9065
B.M7
95,519
I.NM
ICO
4,419
100
4,IU
1,015
4,««I
i,se5
;
(v.it„n
Rxchctge, through their Committee on Information and Statlsposed of T. K. Irwln, chairman, Julius Buttner, A. M. WUlmarth, J.
Total to Gt. BrltiOB
17.607
aid S. Uaiis.
1
iiniu— GO replies from 39 counties.
ulior
.
1
I
5
S
rtporled a* h.iving been gemrally d y and, as compared with
11, more favorable for gathering
ihe crop. There has been frost from
tLc lolQ to the '.^Oth, but no damage has resulted therefrom. About 75 per cent of
too crop has been picked, and the planters expect to flolsh from the 15th to
**^ December.
Twenty-four counties report an average Increase in
i* tj^*^
ylold ov« last year of 11 per cent, and 15 coantiea an average decrease of 17
ptr cent.
Mississippi.— 33 replies from 13 counties.
j
I
i.
A
J
•
^'""'er
reported a» having been favorable and more 80 than last year
period. Frosts are reported from the 15th to the 20th, bnt no
(lone. About 7U per cer>t of the crop has been gathered and
'• be
p:cked by about the middle of December. Six counties report an
increase of per cent, as cou]i>ared w 1th last year, and seven an averuev,reaac of 30 per cent.
'j''*
.,
is
"""e
i"B""'
...... ij.jg
.^
\^^J^^
115
Other French porta
Total Prencb
Bremen and HanoTer
>,0«4
1,189
9S0
If.
Bnrope.
1,37 J
1,»T«
MM
"m
Total to
1.4M
1,045
5,C88
10,053
....
....
....
.••i
ii,:«i
6.99«
W^.C'*
ir.rM
**
lwln,OportoAQlbraltar*c
k4«
Allothers
Total Spain,
A:o
Orana Total
"i8.SS)
M,rai
.
'
.
—
1
.
,
:
THE CHRONICLE.
520
The following are the receipts of cotton at New York, Boston,
FhiladelDhiaand Baltimore for the past week, and since Sept. 1,'78:
The foUowmg table wUl show .the
week
Spot.
HIW TOBK.
ThlB
week.
Hew
Since
Sept
'
1.
phujlszlp'ia
BOBTOX.
1
Mid. Upl'da ...®508
Mid. Orl'nH.
daily closing prices of cotton for tte
'
Monday. Tuesday, Wedn'sdy Thursd'y Friday.
Satiird'y.
1
Bi.LTIKOB>.
Thie Since This Since ThiB Since
week. Septl. week. Septl. week. Sept.l
[Vol XXVn.
...®558
... -31558
...ai'iii*
...®6ii<,
...®.058
... -361,8
...®568
...30
...•36
Futures.
Orleans.
461
11,811
67,475
62,634
.V19
Bavannah
4,109
105
11)334
9i901
i^ris
80,836
t'.ihi
9.833
2,693
18,182
These sales are on the basis of Uplands,
otherwise stated,
Mobile
'978
Florida
8'tta Carolina
81304
40,661
11,919
56,831
1,858
87,578
3,516
1,468
7,466
538
4,«71
irth Carolina.
Virginia
North' rn Portf
Tenneseee, &t
Foreign
Total thi» year
Total last year.
29
677
•J8,649
284,043
Detitery.
473
r.9Si
8,143
!6.9oa
13.755
1,951
9,0i8
9,583
65,311
2,653
18,919
5,3.^5
205,343!' 11.769
89,511
4,407
—
mond,
490
9.031
Nov.
507.... Nevada. 1,354
f..4S9
1
50,933
3!.SBn
Adriatic, 649.. .Algeria, 91)
750
100
1,045
Van-
3,790
guard, 8,056
6,416
1,300
3,750
ToQLnoa. per bark
2,1.39
Blliott Ritchie, 2,139
To Vera Cruz, per steamer City of Mexico. 1,047
MoBiLB— To Liverpool, per bark Leamington, 3,454
Charleston— To Liverpool, per steamer Pedro, 8,5'.»9 Upland
..
.
.
1,047
3,454
Sea
and- 70
per bark Glen Grant, ^,8% Opland and 67 Sea Island
5,422
1,160
To Cork, for orders, per bark Krling, 1,1.50 Upland
Savannah— To Liverpool, per steamers Imbro^, 4,628
Upland..
4,032.... Royal Standard. 3.194 Upland.... J aan, 3,608
Upland.... per chip Pleiades. 3.709 Upland
19,165
To Havre, per ship Lady Dufferin, 3.810 Upland....,
3,800
To Bremen, per ship Alexandra, S,950 Upland
8,950
To Reval, per steamer Pretoria 2.8' Upland
2,800
To Genoa, per bark Engelbrckt S.rno Upland
TxxAB—To Liverpool, per steamer Alice, 3,:J60
To Cork, for orders, per brig CavallerieScardelli,
WiLBiNaTON— To Liverpool, per bam Falke, 1,115
'06
....
Dec-Jan
Jau.-Feb
tivator, 6,580
Total
8,070
3 350
706
The particulars of
4,503
622
these shipments, arranged in oar usual toiu.
Liver- Uul&
pool. Cork. Havre,
750
100
5,097
..
6,446
3,454
6,428
19,165
3.350
8,1 J»
11,555
4,503
Boston
Re.
Bre-
men. Ghent.
1.045
1.300
val.
Vera
Genoa. Cruz. To'al.
....
3,750
!,139
1,017
1,160
3,8C0
.
2,950
1,070
706
8,050
7S0
6.998
ll,h8J
3 461
6,572
30.185
4,056
4,»5a
11,555
4,503
623
Total
582
2,606
61,6.16
5,.350
7E0
6,295
6,5:0
4,809
1,017
87,478
Below we give all news received to date ot disasters to vessels
carrying cotton from United States port.i. etc:
(Br.), from Philadelphia, in entering Ihe Hn^kisson
dock, Liverpool, Oct 3l8t, struck the pier head and sustainea damage
amidships on starboard ?ide above water.
CiTT OP Savannah, steamer, from Savannah, which grounded on Jersey Flats,
Nov. 5th, di BCharged a part other engo and was floated off night of Nov.
6th and (iroceeded to her wharf.
DoNATi, steamer (Br.), Gregory, at Liverpool, Oct. 28th, from Baltimore, repi> ts that on Oct. 12th the wind blew with hurricane force, and the
steamer had wheel washed away and snstained other trifling damage.
Isaac Bell, steamer, from Richmond Nov. 4th for New York, was ashore 6th
near vVil.is" Wharf, James River. She was got off
of the 7th and
proceeded for destination.
British Empire, tteamor
AM
Cotton freights the past
Liverpool.
Steam.
rt.
Saturday
6 33ff,5 16
Monday
ii-:-l.'r(»5-lrt
week have been
Havre.
.
,
steam
8aU.
as follows:
Bremen.
^Hambare-^
Steals.
Ball.
Steam. Sail.
— —
.
Sail.
d.
Tnesday. 6-v2a,5-l6
Wed'daj
51330 •» 39
S^ig
|
Jan.-Feb
Feb.-Mar
Mar.-Apr
56,,
SSo
."-3 etl5-l«
T}mrsday.6-32a'i-16
Friday... .6-32a5-l6
April-May
Nov
.'i^ig
Dec-Jan
51I32
539
538
Nov
Jan.-Feb
5832
5933
5833
May-Jime
Si'jj
Delivery.
Delivery.
'
,
.5133;
Nov.-Dec
5618
5"i6
Dec-Jan
Feb.-Mar
Mar.-Apr
S^xa
5ii.32®3e
57i8
Nov
Jan.-Feb
5S,.
Feb.-Mai-
Slljj'
April-May
Si'jj
Wednesday.
Delivery.
Nov.
Nov.-Dec
':
op. -®H
-&H 1111 -10
cp. -&)i
-®!4
—'*« 11 -16
-16 cp. -®}<
—®!i 11 -16 cp. -@)€
-a>4 11 -16 cp. -@Mi
-a« 11 cp. -©>f
.516.32
539
638
538
Dec-Jan
Jan.-Feb
Feb.-Mar
538®'332
H comp.
a conip.
U comp.
Ji comp.
K comp.
^ comp.
M.—By C.vble
K
?.'
K
C.
comp.
H comu.
% comp.
V,
«
S comp.
V4
y.
Delivery.
April-Ma.v.
5'7i8® iSgj
Mar.-April
57,8
Nov.-Dec
51*32
Nov
51a
Dec-Jan
51332
. .
comp.
comp.
—
—
—
—
—
—
Delivery.
Feb.-Mar
Mar.-Apr
Apr.-May
57,,
SiSjji
sij
Snipmetit.
Dec-Jan.,
1
n.cp.,8l,5fi,
Thursday.
Delivery.
Delivery,
Nov
57ia
51I32
538
51332
Jan.-Feb
Feb.-Mar
Mar.-Apr
Apr.-May
Nov.-Dec
Jan.-Feb
,
Nov
Dec-Jan
Feb.-Mar
Mar.-Apr
Apr.-May
Dec-Jan
May-June
513
57]8
51332
5I2
51732
51832
57,8j
Nov.-Dec,
Apr.-May
M;iy-June
Jan.-Feb
bTjg® 15,2 Feb.-Mar
51632
'
SlSjj
5%
5ij
Friday.
Shipments.
Delivery.
Delivery.
Nov.-Dec
Delivery.
57]g
538
538
n. crop,
sail
o7ij
Dec-Jan.,
n. crop,
sail
57ift
5%
Dec-Jan
BRE ADSTUFFS.
Fbidat. p.
The market
for flour has been
M„
Nov.
somewhat sluggish
15, 1878.
the past
week. Prices showed more or less irregularity, but, in th»
main, tended downward, especially for low extras, such as are
usually taken for the British markets. The production of all
grades appears to have materially increased, and under the
pressure to sell, in the face of a demand checked by unfavorable
foreign advices, prices naturally gave way, and a line of common
To-day,
extras from spring wheat sold at $3 90@3 85 per bbl.
the market was dull and depressed, with lines of common extras
not salable at over $3 75.
The wheat market was stronger early in the week, on the more
favorable foreign advices, and with a good demand price*
improved fully one cent a bushel, the sales Including No. 2 Milwaukee 9Sc., No. 2 red winter $1 07i@$l 07}, No. 1 red amber
|1 OS, No. 3 amber $1 05J@|l 06, and No. 1 white |1 09@|1 09J,
part for early arrival, with sales of No. 2 red winter for Jan. at
$1 08i, and No. 3 amber (or Dec. at $1 OCi. But unfavorable
foreign advices and a pretty free movement from the West,
checked the demand and impaired speculative confidence, causing
part of the advance to be lost.
To-day, the market was dull and
drooping, with No. 2 red selling at |1 06i@fl 06f on the spot
and $1 07i<a$l 07J for January.
Indian corn was dull; but at a decline to 4'5|@16}c. for No. 3
mixed, the demand became more active, and there was a partial
recovery of values. The arrivals of new mixed (which is mostly
graded No. 3 and sold at 44c. ner bush. ) have somewhat increased,
and shippers have taken a portion of the offerings. White corn
has brought extreme prices, and yellow is scarce and nearly nom-
inal.
To-day, the market was dull and weak.
Rye, at some decline, besame more active, the sales yesterday
LivKBPOOL, Nov. 15—4:00 P.
prom Liverpool. Estimated sales of the day were 1*,000 bales, of which embracing a boat load of No. 3 Western at 59^0., another of No.
2,000 bales were for export and speculation.
Of to-day's sales 1 Stata at 6Hc., and two others of Canada, to arrive, at 63ic.
6,400 bales were American. The weekly movement is given as
Today, prices were lower and unsettled. Barley declined, and
follows:
became fairly ictive, the sales yesterday embracing a boat load
-111
—
Oct. 25.
Bales of the
week
bales.
Forwarded
Bales American
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount alloat
Of
wliicli
i
Delitery.
Feb. -March
Mar.-April
780
follows
Baltimore
Dec.-Jau
Delivery.
Nov.
2.183
8.050
87,473
Savannah
Texas
Wilmington
Norfolk
511,12
538
....
d.
'....55,.
TnESDAY.
11,555
Bai-timofie—To Liverpool, p^r steamers American, 1,104. ...Federico,
Emiliano, 970
Nova dcotian, 938
1,497
Boston— To Liverpool, per steamer Couurelior, 5J2
Charleston
S^ifl
;...55jg
S^ig
per brig Jarien,
per hark ThoB. C. I.eed. 1,100... per brig Hera, 950
i)er bark Louise Dore. 580
Liverpool, per steamer Zanzibar, 5,975
per ship Co!-
Mobile
51332
Nov.-Dec
.
1,0 7
New York
New Orleans..
Feb.-Mar
Mar.-Apr
Apr.-May
Delivery.
rf.
Delivery.
Nov
Gresham,
ve as
51I32
51I32
StUvery.
6,097
To Bremen, per steamer Frankfurt. 1,300
To Beval, per steamer Kayner. 3.750
To Havre,
To Ghent.
NORPoLK—To
.57,,
Dec-Jan
\
Delivery.
Liverpoo', per «teame-8 E?ypt, 1,773... City of Rich-
To Hull, per fttamer Rialto, 750
To Havre, per steamer PerUre, 100
To Bremen, per steamor Main. 1.045
Niw Orleans— To Liverpool, per steamerg BornssH,
Island
Middling clause, unless
Monday,
7,325
SHipriNO WBW8. Tne exports of cotion from the Unittd
States the past week, as per latest mail returns, have reached
80 far as the Southern ports are concerned, these
87,473 bales.
are the same exports reported by telegraph, and published in
Thk Chronicle, last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
Total ba es.
HkwYork— To
d.
Jan. -Feb
51.9W
Low
Saturday.
Aineriuau
41,000
1,000
29,000
6,000
1,000
306,000
148,000
47,000
37,000
6,000
214,000
147,000
Nov.
1.
44,000
2,000
30,000
8,000
500
302,000
151,000
40,000
34,000
7,000
247,000
181,000
H %
Nov.
8.
63,000
3,000
42,000
8,000
5,000
287,000
144,000
44,000
35,000
5,000
286,000
218,000
Nov. 15.
60,000
4,000
41,000
6,000
282,000
142,000
58,000
42,0m)
8,000
300,000
235,000
two-rowed- State at 75c., one of six-rowed State at 90c., and
another of ungraded Canada, about equal to No. 3, at |1. Canada
peas have sold to some extent at 70c. on board. Oats were active,
of
and prices advanced, but the improvement was most decided for
white, choice qualities of which brought 39@40c. new No. 3
Chicago mixed, in boat loads, at 31ic.; also, good ungraded white
Western at 32c. To-day, the market was quieter, with No. 2
graded quoted at 31ic. for mixed, and 33c. for white.
;
The following
are thd closing quotations:
.
THE CHRONK^LE
.WiMMiiuRlC, 1878.]
rtoim.
No. i
huivrfluo
<ro
Sitn
9
Suto
aaaiM.
bbl.
1180^3
What-Mo.n aprlnx,bii>b. |0
Wcttr
.t
Nil. Nuprin;;
Nil. 1 aprhiK
Ki^il rind Aiiibni
*c
Still-,
SpriDg Wheat
VVnlrni
doXXand XXX
wliiler >hl|iplug »*•
«!»«
I
XXX..
and
, .»,
6 B0(
MJanoooUt pateola
SlyfhlpplniteKlras
and
Dtberii liakcra'
Btljr tirands
I
suporAno
Rfe
Cora lueai— NV'e»tern,Ac.
meal—
Br wine. Ac.
OjifB
,
I
and from Dec. 31
to
Wheat,
HUwankee,
Toledo
...
Clerebnd
(to Ibf..)
S4,3»
Si.mt
aM.749
»«5
311,718
180,588
15,600
400,858
17,800
8,36*
...
...
SS.9I9
1,905
1
Oats,
Imsh.
bii'fa.
44
40
Oa
Total
PteviouB
...
week
.
.
.
..
ending; Nov.
Not.
Barley.
baah.
13.851
48
1,416.014
1, -173,858
I,0li8,8l4
1,574,390
818,960
141,S5b
to Nov .9.4,779,71)4
Kami; nine 187'.. ...4,14S,867
Same time 187B. ...4,7iW,slS
game time 18T5... ...4,»;,8ii
Tot Dec. 31
(48 lbs.)
Tol Aoit.l toNov .9 1,783.015 41,3*3,193
Same time 1877.. . .1,909,085 3l,i85 777
Same lime 1876... ...l,7fiT.'45 i2,5'il.7«0
Bametimt :S75... .. I,0i4.87a 30,358,795
!4,'H,0
»,ltl0
90,9.31
13.731
41,500
14,500
18,475
6!7,llt
597,838
474,144
,32I,6M
361,449
397,148
438,743
366,076
P,607,149
7,878,439
7,468,740
6.(95,906
10O.9IO
90.972
«7.105
76,556
4,448.447
8.889.H46
8,614,928
2,758,683 3,510,651 .,060.610
Shipments of flour and grain froqv^rTeatern lake and river
ports from Dec. 31 to Nov. 9.
Wheat,
Floor,
bbl».
Tot.Dtc.3ttoNov.
Same time 1877
Same lime 1876
Same time 1875
bush.
Oat»,
Barley,
bosh.
bush.
Hye.
lush.
9,6,039.8-!4 .5a,M10,577 74,787,705 19,71!,!61 4.483.1,09 3,540,916
4,34l>,587 35.017,ii9l b:j,13,-<,071 lli,591,448 4,59.1,115 3,82i,460
4,138,789 44,015,876 70,001,168 18,660,186 3,139.389 1,8-lii.908
4,648,651 58,783,.8»6 39,711,121 17,675,967 2,115,221
347,696
ports.
Week
Flour,
Wheat,
endins:—
Not. 9. Ib78.
Not. 10, ISrr
Not, 11, 1876
Hot. 13, 1875
bbls.
bush.
bu^h
108.-160
382,795
88.613
368,636
381,138
145,504
149,888
651,624
111,728
189,501
108,890
Com,
Oats,
bush.
282,6')9
Barley,
Rye,
141,.578
bush.
12S038
bae>h
25,588
135,508
804,788
408,658
78,880
139.950
119,989
2;I,I89
Receipts of flour and grain at seaboard ports for the
ing Nov, 9, 1878, and from Dec. 31 to Nov. 9.
bbls.
;0?,885
49,549
8,800
21,480
85,730
86,303
17,698
Boston,,..
Portland
Montreal
Philadelphia
Baltimore.
Ntw
Orleans
Total
PreTions week ....
Corresp'Dg week, '77.
950,9S5
971,582
578,750
46,048
67.179
week end-
bu>h.
1,049,900
181,2:i6
Corn,
bush.
Oat«,
bush.
Barley,
bn^h.
Rye,
bush.
645,932
118,550
11-1,636
286,600
19,500
134,810
8,51
SO,01S
239,118
489,810
687,800
41,981
107,000
97,406
2,512,8.17
1,-141,705
3,661,031
8,817,540
1,618,155
1,4^1,784
2811,310
93,145
1,500
165
34,310
18,000
41,480
331,176
437,141
330.3-83
400
li4'43
30,500)
3,500
1,000
25,007
278,048
482,186
808,519
181,517
121,180
71,612
Tot.Dec,31 to NoT.'o. 8,136.649 93,779,355 9,1,593,068 91,319,699 4,735,819 4,401,786
Same lime 1877
Same time 1876
8ametimelo75
6,584,86:1 37,-J05,436 75,487,316 18,116,6:6 6,784,488 J,S3u,800
c),423,-171 37,07i.4'5 77,718,881 21,718,744 5,417.f97 1,144,650
9,41»,37J 53,5«8,!)95 47,157,894 18,161,641 8,119,175
866,638
Exports from Unitod States seaboard ports and from Montreal
for
week ending November
From—
New Turk
Boston
Portland
Monlreal
Philadelphia
Baltimore
To'al for week..
Previuusweek
Tv»o wei-ks ago
Same lime In 1877..,
9, !878.
Flour,
Wheat,
bbls.
72,670
11,189
1,161,8-88
23,60
<
bush.
111,071
821,061
.18,«0»,ii71
10, 1877....
4.nit
•4,4M
IW.4M
tt$,(ao
4«i.0CO
in
l,IM.440
B,niin,»i9
i.«H»i
».MN,ttt
«.4ts.;4o
»a«8,«i'7
t.iit.;in
4,717,641
1,408,M*
4.t49.»7
f,r»,itt
«.«<.07«
l,ttO,IM
l.<44,«M
I.U>,M»
t,Mi.aM
i.on,o;4
a.«4«.M4
W1.4M
».««•,
lo.m.M'i (,U(,44I
ia,tl8,l)M l,7«,M0
9,8na,«M
i,Tts,iiac
I1,01^(^r4
.iMifi.mt
ll,IM,OM
4,IMII.M(
.l*,68a.4il
ll,««8,t4»
4.IIB,tn
»,81».7«»
S,MO,Ma
.
III.M7
aii.oM
i,Mi,oao
t.«a.r»
l.t4»,Sl*
THE DRY OO0D9 TRADE.
FuiDAT, P. M., Not,
16, I8;«.
Operat'oDB in the dry goods market have been of a light aod
unimportant character daring the put vreek. Busineaa haa rale<i
([uiet TTlth the package bouses (though there was a
steady
demand for small lots of seaaonabia goods, and the jobbing
was somewhat less active than expected.
There waa
more inquiry for spring woolens by the clothing trade,
and some fair orders were placed for cottonades by the sam»
trade
rather
class of buyers,
and for shirtings, ducks,
facturers; but there
was no
4c.,
by shirt manu-
disposition on the part of
jobben to
anticipate future wants.
Kepor.s from such Southern aod Southwettern cities as were lately nlHicted with the yellow fever ar»
now quite encouraging, and jobbers In New Orleans, Memphia,
&c, seem to be doing a very satisfactory business.
DcMESTic Cotton Goods.— The exports of domeatlca fron
during the week ending November 12 were 1,138 pack-
ages, including 863 to Brazil, 89.5 to Great Britain, 138 to U. 8.
of Colombia, 66 to Hamburg, 64 to Hayti, 46 to British Quiana,
West Indies, 40 to Cuba, &c. The market continued
and while prices were nominally unchanged, agents manifested a disposition to sell and slight concessions were in some
41 to Dutch
quiet,
order to effect large sales. Brown sheetings
but fairly steady at the lately revised quo
Drills were less firmly held, but some makes are still
cases offered,
were
in
in light request,
tatioDS.
sold
to arrive
little
more
— for
export.
Bleached
shirtings
freely by the shirt trade, but the
were taken a
demand by jobbers
light.
Ducks were in fair request by shirt manufacand orders for cottonades were received to a moderate
amount but denims, ticks and other makes of colored cottons
ruled quiet. Print cloths were much less active, but price*
rema'.ned steady at 3ic., cash, to 3 5-16c, 30 daya.for 64x64s, aod
Prints were in light demand, aside from
3c., cash, for 56x60s.
Turkey-reds and patch-work styles, which were in fair request
Domestic Woolen Goods. There was an irregular demand
for men's- wear'woolens, and transactions were only moderate in
Spring cassimeres and shirtings, cheviots,
the aggregate.
worsted coatings and blue flannels were severally in improved
request and fair orders were placed for future delivery. Heavy
woolens moved slowly, and there was less spirit in the demandfor cloakings than was noticed a short time ago. Overcoatings and
beavers were taken in small lots to a limited amount, but repellants remained quiet, and clotba and doeskins were in very light
demand. Kentucky jeans have received a little more attention.
but purchases were mostly confined to small parcels of popular
makes. Printed satinets were a trifle more active but blacks and
mixtures ruled quiet. Flannels were in very fair request for the
Worsted
time of year, but blankets continued slow of sale.
dress goods, shawls and skirts were severally sluggish in agenta'
hands, but prices were' fairly maintained and stocks are well in
was very
lurers,
Wheal,
Flour,
AtNew York
.14,70I.4M
ll,7M
I4l!.i7«
this port
Corn,
bufh.
sbipmeuta of flour and grain from Western lake aad river
Rail
.18,50R,8S*
4.68,5.801
3«,5>;5,113 14,101,798 5.676,838
389.188
88,441, SH3 10.514,385 4,5«S,653 1.672.434
30,096, -105 8,888,98!) 4,497.501
,21-8,150
!6,10;,301
148,904
.,l«,tM,1'J
.ll.mttllt
1878...
19. i«78...
(t«lb..
101,6.30
75,370,138 8,5,039,5>"5 r7,7ta,8S7
41,6;7,395 71,317,180 8!. 369,799
411,005,918 73,1118.153 83.719,ia7
60,761,533 43,847,880 83,41,3,998
»H.798
.n,<IB,7(IO
1871..
»,
M,
bii»b.
46,478
11,700
9,581
a,S.•^4,^39
iOUH.1
M,lh8
IM,«»
btak.
Rye,
80,386
2,1-J0,988
.1»T
8W,i;4
bitk.
loNov. 9.
13.600
18.3:»
18.878
»,aiS,075
(.M
7"1,o»s
i,«w,tiflo
0,
81.110
1)0,158
15t),4IO
Barley,
H.1W
1,749,088
12.1878...
Oc',.
5,1878...
Sept. 88, 1878...
Sept. 21, 1878...
15,5,7.^')
155.701
14«.0J7
.
Total
Nov.
....
Coneap'ng week, 77.
Corresp'UK week. 76.
10.71)2
canal
Oo'.
Oct.
Oct.
89tt,i3I
81,350
137.845
88,850
,..
,
(38lba.)
6,36.)
811
lUII shipments, weeli!.
Ijika shipment), week.
(56 Ibo.)
1,04.^,BH
4.58,370
4,.')ti4
Peoria
Corn,
bnah.
bblB.
(18(1 Ibf.
...
week
Nov. 9, and from Aug.
Flour,
AT-
Ilalllnioro.
I'eaa-Canada boudAfreo
BteeiptB at lake and river ports for the
Detroit
Dic
HtHie, 4-iowud
State, 8 rowed
ll"Ur.
Chlcaco
mi
1
State and Canada
Oala-Ulzed
While
Barlejr—Oauada Weet....
Ik-
iSonthi^ni «hlpi>V extraa.
1978,
I
Rre— tVeatorn
3 11"
Oat*,
haih.
8.1W
blab.
Peorin
IndUnspolls,
Kansas city
Mwai
.
jo
XX
Wlntgr
Oon,
Wheat,
HI
(
Kwl Winter No. 3
1
While
Ooru—Weat'n mixed
do alramer tirade.
do while
do
yellow
exirAS
•do
r>21
Corn,
bush.
Oats,
bush.
Rye,
Peas.
bush.
bush,
200,491
85,583
87,873
6-1,146
30
7,000
175,149
108.377
13,135
9,332
6.685
lOt.875
49,070
5,5 iS
!(I9,115
17,445
768,193
1.31,481
2,37-8,964
6-80,674
Iu8,i08
84,378
79,883
l,867.0r9
1.461,8:3
016,489
l,184,5<i9
1,370,623
703.861
6,141
114,436
950
70,146
16,053
70.076
85,196
68,5(i5
48,9-82
From Boston 4,851 bush, barley; from Montreal, 8 hush, barley;
Orleans. 2,148 bbls. floor, 10,041 ba»b. wheat, 46,573 bush, corn,
181,410
17.778
38.i81
107,003
from New
and 24,9t>3
bosh. rye.
;
—
hand as a rule.
Foreign Duy Goods.
— Business waa light with importers, a*
usually the case at this advanced period of the season, and th»
jobbing trade was only moderate. Black ^cassimeres were in steady
is
The
supply of grain, cnmprisini; the stocks in granary
points of accumulation at lake and seaboard ports,
transit by lake, canal and rail, Nov. 9, 1878, was as
visible
at the principal
and in
follows:
i
,
Iw Storz
at—
(New York
:
Albany
Bnllalo
•Chicago
Milwaukee
Dninih
Toledo
gelroit
OaweRo
SI.Lonis
JJoston
Toronu.
Monirca, Sd
Philadelphia
Wheat,
Com,
bush.
busk).
4,589,387
179,584
6,8i,fl
593,6^0
8,498,849
I,0tt7,<'80
157,965
874,370
868,281
185,000
589,000
223,877
183,544
122.106
<90,872
467,670
742.894
15,093
2£0,885
18,103
880,1)00
1«3,8W
587,974
100
76,405
348,720
Oats,
Barley,
bn^h.
1,306.060
45,000
46,025
307,484
8:1,387
8.1,201
bnsh.
tai.oio
478,500
886.421
1,899.3*2
607,972
'
Rye,
bash.
547,8'.'0
5<.'.60O
31,033
101,837
23,660
85,160
990
6,343
82 05S
12,117
64,794
9»9
391
962
10,402
21.6)6
89,083
I40.9C7
132,866
18.340
9,473
201,157
16,6«0
274,834
64,442
....
....
request at unchanged^ prices, and there was a fair inquiry for
merinos and other staple dress labrics; but fancy dress goods wera
in relatively light demand, and prices were lower in many cases.
were in
Low-grade black and colored
silks
qualities dragged
Trimming
heavily.
fair request,
velvets
but fine
met with con-
Linen goods,
siderable sale, but millinery silks were quiet.
handkerchiefs and embroideries continued slow of sale, bat fairly
steady in prlee. Men's-wear woolens remained sluggish in firat
hands, but moderate sales were effected by the cloth hoasea. The
auction rooms were fairly attended, but most of the publio offerings of foreign goods were meagre and unimportant, and priee*
ruled low.
,
'
—
..
.
——
1
.
.
..
'
THE c;hronicle.
522
Importatlous of Dry Uoods.
The importations of dry poodB at this port for the week
endin(r
Nov. 14, 1878, and for the corresponding weeks of 1877 and 1876,
have been as follows
BKTIBBD roa 00H80HPTI0H TOB TH» WBKK ENDIN8 NOV. 14, 1878.
:
•
1376.
1878
1877.
Value.
Fkgs.
Pkgs.
Fkgs.
Value.
Value.
[Vol.
XXV U.
Receipts of Leading Articles of Domestic Prodnce.
The following table, based* upon daily reports made to the
New Tork Produce Exchange, shows the receipts of leading
articles of domestic produce in New York for the week ending
with Tuesday last (corresponding wiih the week for exports), for
the period Irom January
1878 to that day, and for the corres-
1,
ponding period in 1877.
MaUBfactarea of wool.
cotton
do
riik ..
do
flax...
do
Miscell'neonfldry goods
in
$189,990
486
274
418
322
110,911
171,818
89,975
SSI
601
$I30,.S80
131,579
164.287
366
479
437
93,688
10(1,63=1
93,426
29S
459
366
494
287
$116,365
12:1,1.89
Week
842,(20
112,871
67,4;5
ending Since Jan.
Nov. 12.
1878.
Aslies
Totu)
$656,436
1,981
$6J9,310
3,373
$667,823
WITHDRAWN rROX WABEHOUSK AND THROWS INTO THE HABKET DCBIHO
THE SAME
249
112
-6
197
432
S97,£60
Total
Add ent'd for cons'mp'ii
1,096
$260,594
653,436
.
1,981
T«t. thr'wn upon mark't
361
lis
46,282
58,634
40,819
16,499
$917,030
3,077
352
71
48
175
$96,515
213
i09
38,628
81,555
48,592
11,197
1,387
915
J2ri',737
1.9.33
67
629,310
2,273
3,188
$909,097
l,8a8
3,831
$f9,0S9
20, 05
3^1:36
40.271
4% 568
234,819
66-, 823
$902,642
356
167
117
468
69
$115,025
Add eut'd for cuns*mp'i
Tot'l entered at the port
US,V5
204
102
101
52
352
13,415
1,197
1.981
$429,859
3,173
.
Toial
59,411
161
100
3,121
110,836
66.119
< 8,489
610
48
656,43.)
3,886
8,273
$342,392
6i9,310
1,140
1,858
$1,086,295
6,159
75,
$3)7,005
667,823
$9:2,202
3,038
$1,001 823
ol Ijeadluc Article*.
The following table, compiled from Custom House returns,
hows the foreign imports of leading articles at this port hince
January 1, 1378, and for the same period in 1877:
fThe quantity la slven tnpacSaaes wuen not otherwise specified.
Jan.
1,'7S
Karthenware—
Ublna
Earthenware. .
Qlass
Glaaeware
Qlaaa plate....
Battona
Ooal, tona
Oocoa baga
CoflTee, baga
Ootton.balea
.
13,193
33,68e
:9T,16<
29,071
4,3(8
7,788
119,164
18,67!
1,435,107
12.741
35,7;o
274,55.
38,717
6,934
5,916
65,13'J
Cream
ambler
Indigo
Hadder&Ext.of
Oil, Olive
Opium
1,6£1,8«
4 572
4,717
35,512
85,361
2,891
16,328
21,748
3,6)0
Sodaaeb
Plax
Fora
Sunny
Hides,
55,212
5.:6r,
4,ill
5,546
38,551
1,403
19 5ST
4,6:30
4,519
3),iW
17,954
85.54U
67,630
2,75B
5,998
l.Mi
4,77.1
bales
5.231
145,121
2,690
127,713
1,2*2
4,351
1,610
5.625
38,626
51,5:S.3
1,19U
726
*c—
Briatlea
Hides, dressed..
India rubber
Ivory
Jewelry, AcJewelry
Watches
Llnaeed
ttolaaaec
8,576
Hardwaie
.',74
Lead,pfga
Spelter, Tba
Steel
Tin, boxes
Tin
slabs, lbs...
Paper Stock
bTjls
969,213
3T,6i6
1,053,773
9,2H6,116
1.4,216
5-:8,536
Sugar, bxa
Tea
Tobacco
Waste
& baga
Wines, Ac
Champagne.bkt?
Winea
Wool, bales
ArticUt rtporUd by
wUm—
Cigars
Corks
Fancy goods
Nats
Raisins
Hides, undressed.
Rice
Spices,
8,4i;
4.59
818,5S3
85,622
1,924,980
6w7,107
49,164
3,333
1,155
103 ('84
763.206
4.3,3j:
893,632
9,169 618
163,872
569,464
8,510,610
785,143
53,834
402
730
79,297
113,726
76,060
116,710
33,108
2?, 1,70
$
$
1,33J,7:5
51.7S4
977,043
473,610
1,091,995
51.270
799,230
431,784
1.863,845
927.937
1,211.789
693,251
1,037,2:2
1,.;5".621
680,S70
9.SU,322
9.379,397 10.559.621.
215,625
27^,841
&c.—
GiasEOiT
Bristol
Hull
W. Hartlepool
1,778
fill
465
615
43
81
.
Eotferdam
10.1
'187
Total
week
'376
565
181
64
7,662
7,013
4,446
3,831
1,917
pkgs.
Sugar
Sugar
Tallow
Tobacco
Tobacco
847
bbla.
hhda
117
2,355
..pkga.
bxs. and cases.
1,.3.35
hhda.
Whiskey
Wool
1,875
6,241
1,167
bbla.
bales.
11.937
116,031
60,355
191,112
48,429
:,133,I61
1.102,742
8,727,141
431,334
614,3)1
10,382
185.011
112,915
85.8 i5
3,831,630
463
70,7-28
3,189
70,818
358,217
21,614
4,089
302,822
16,146
83,034
117,655
40,«12
889,751
1,151,668
1,991,518
436,9i3
343,767
35, 14
2i,i'10
66,925
3S.632
63 169
17,134
1.S66
16,190
70,498
188,811
137,971
179,219
76,727
3.3,907
16,614
728
12,626
68,614
182,872
94.490
1.36,658
92,129
Exports of Ijeadlns Articles ef Domestle Prodnce.
The following table, based upon Custom House returns, shows
the exports from New lork of all leading articles of domectic
produce for the week ending with Tuesday last, from the 1st of
January 1878 to the same day, and for the correspondiDg period
In 1877.
Week ending
Nov.
A«he9, pots
Ashes, pearls
Beeswax
bbls.
bbls.
12.
Since Jan.
1878.
1,325
10
lbs.
1
Same time
last yea-.
156,169
1,337
236
106,753
212
Bread 8 luffs
Flour,
wheat
bbls.
Fl.iur,
rye
bbls.
bbls.
70,752
152
4,089
2,144,798
3,-01
177,213
1,5)7,578
6,888
196,156
bush.
1,060,613
47,4.78,813
17,10-3,5t8
6.3,116
3,730,571
3,537,726
1,613,117
9,427
3D!,7-24
668
tona.
bales.
Hay
Hops
Naval S tores
Crude turpentine
l.ai.4
pkgS.
15,912
1,13b
balee.
balee.
906
181
858,152
J4,260,1S«
41,"69
47,381
339,330
122,525
51,031
40,674
135
bbls.
1,-1«2,-J53
229,513
1,183,289
311,073
21,774,331
41,342
31,448
332,101
c«.40a
38.640
49,653
SOD
15f8J
23,-252
22.3,3i4
20i. 31
9,613
44,10
1,059,169
Spiiits turpentine.
bbls
Rosin
Tar
bbls.
bbls.
112
7,838
153
Htch
bbls
cwts.
fil
5,051
25,173
1,83-2,321
:,ou
I
.-...gals.
gals
gals
gala
gals
Linseed
Petroleum
251
71
'847
bbls.
kcga
No.
pkga.
3,198
67,05?
357,482
82,804
4,0i2
403.783
1S2,,31S
31,509
26 171
291
2,523,421
Sai,9>6
82.0?(
51-2.105
228,386
318,129
1,092,911)
183,0^8,0-7
11,309
206,7.,6,519
5,700
1,595
209.656
160,858
4l,-253
3.5,14*
aS'i
49,975
388,874,331
20,174,0)8
49.278
209,101,908
18.618,420
95,951,708
146,817,615
9,'!97
Pr. .visions-
"70
2,114
1,979
pkijs.
bbls.
alabe
Whale
Sperm
Marseilles
Previous week
Spelter
Stearine
Lard
30-
Other countries
3,513
40,813
42,7S8
61,831
ii,i;4
11,6-4
6C6
796
Oilcake
Oils—
46:
"is
Antwerp
South and Cent America.
West Indies
Brit, and N A. Colonies..
pkgs
pkgs.
pkgs
Peas
Corn
Candles
Coal
Cotton
Domestics
•fetes.
1.4«
59
Havre
Beef
Cntmeats
Butter
Cheese
368,664
28.583
523,505
43,666
Beef,
Pork. bbls.
bbla
London
1,901
401,365
The following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Ofleans, for the week-ended Nov. 9. 1878, and th^ir distribution-
Liverpool
pkgs.
138,565
89,355
110,451
Exports of Provisions.
To-
Pork
bush.
bush.
bush.
bush.
pkgs.
340.7P4
41,i59
543,068
69,533
Logwood
Mahogany
150
bmh.
4.38.875
Fustic
669
lOD
11,481
Pye
51.867
324,174
196,417
Cork
50
l,S9i
8,4 14
Oats
Barley
142,301
Ginger
Pepper
Woods—
2,725
Corn meal
Wheat...
Cassia
Saltpetre
2,222
497
5:3 96S
75,657
5,8'J6
8,935
2,740
3,>76
113,887
13,546
8.157
&
778,f78
No
galls.
tee.
5'.11,23.1
•i9,219
bbls.
Latd
Lard
Hogs, dressed
1,684,6:33
31.357,603
10,527,, 73
5,4-24 187
451,903
563,377
230,752
168,310
1.' 0,719
101.555
63,787
3,816,633
269.114
24
121,573
bush
Rice
M.2ii0 Pish
65,516 Fruits, 4c.—
4,529
Lemona . ....
5.853
Orangea.
cloth
Hair
Qemp,
15,272
3,371
88=
Boda, bi-carb...
Soda,sa)
Oil, lard
.3.613,975
31,881,060
12,881.779
4,986,370
3..346
pkgs
Oil, whale
Peanuts
Provisions-
2,83-!,lR4
206,439
18,72),:41
l>aes
bbls.
bbla.
bbls.
bbls.
bbls.
Pitch
3,805,71!.
4.162
bbls.
6,056
68,715
169,730
55,380,684
bags
hhds.
Tar
21,076 Sugar, bhda, tcs. i
Tartar..
thm, Arabic...
Same
Jan. 1, '78 time 1877
Hetala, Ac
Cutlery
Omga, AcBark, Peruvian
Blea. powdera..
Cochineal
Since
time 1877
China, Olase and
Molasses
Molasses
Naval Stores—
Turpentine, crude
Turpentine, spirits
Ro«iu.
Same time
last year.
3,575
61,970
660
balea.
bales.
sides
pigs.
Egg-"
Same
119,311
3,612
1,301,860
136,105
761,100
164,991
255,765
5,514
36,092
bales
bbls.
Oilcake
Impuria
Since
Oats
Barley aud malt
Peas
Cotton
Cotton feed oil...
Flax seed
Grass eeed.
Hides
Hides
Lead
$89,632
50,341
92.137
60,557
41,288
bbls.
bush
bush
bush
bush
bush
Com
Leather
221
$85,420
31,978
81
2,803
bbls
bueh.
Wheat
Rye
Hops
ENTERED FOB WAREH0D8INO DUBINS SAME PERIOD.
Macnfac tores of wool.
cottot
CO
silk ,.
do
flax
do
MisceU'neonB dry good
BroadstuffiS—
Flour, wheat
Corn meal
PEBIOj).
Manufactures of wool..
COttOD
do
sillc..
do
flax.
do
MiBcell'neous dry goodir
Beans
bb!
bbls.
1.
11
4,295,878 10..!48,473
B,65:,826j 7,541,535
3,496,429
1,701,101
941,421
96i,767
Pork
bWs
Beef
bbla,
Beef
tierces.
Cntmeats
tts.
Butter
lbs
Cheese
H)s.
Lard
lbs
Rice
bbls..
Tailow
1)8.
Tobacco, leaf
hhds.
Tobacco
balee and cases.
Tobacco,' manufactured
Ibe.
Whalebone
. .
lbs
10,261.760
.301,439
1.964,215
3,333,397
195
808,024
2,t)45
1,1 S»
78,536
1-20,621.6-26
221,886,717
20,7,58
2-2,749
62,423,351
lf6,445
78,262
6,392,551
95,113
49,582,124
87,611
40,417
7,613,894
68,499
:
NOVEMflKIl
THE CHRONICLE
16. 187S.J
Intaranco.
Inaurance.
HOME
"
Insur.ance
$\ 50 ''O BO^TOSf,
VU THK
Company
OP NEW YORK,
OFFICB OF THE
Scmi-Annnal Statement,
mtOWlNQ
Line,
CON.NBCTINO WITH ALL POINT* gAST.
AT L ANTIC
T1I»
Condition or the CompanTon the flnt
day or July, 1878.
OASHCAPIT.M
93,000 000 00
S«»erv« forHc-liiMiniiri'
I,70.'>,(i00 50
XeMrv« Tor Unpaid Luaeve
206,131 28
SttSarplus
1,179 042 38
RKLIABLK
Ol.t)
Stonington
BROADWAY.
OFFICE, No. U5
Firiieth
•teiuaahlp*.
Not
Trip .llUaed In Merea 0«mm«ii.
tlvr Vrara.
THC KLKCIANT HTKAMKIW
MASSACHUSETTS and RHODE ISLAND
Mutual
Insurance
Co.
«
!«•»• Pier No.
JInnh lilvcr (ti»»t of J>r
M. daily rtir.pi Sonrt.ri).
4:.* V.
iirem ai
at
«nn),
»pnl.ll1mli«i«r.t.claMiicSeu,«ood oBlr on ;•
train from Htnnlndon. wlij,
New YorK to oitoD. for II W. tia 'jtit ifaa from
A M.
i
T0T.4L A8SKT8
$6,180,^3 16
SUMMARY OF
CMli!n nrnika
•
II.
•!
-
-
—
-
t2M,US3S
Naw
Ueo on
t
-
The Trnitcea,
2,0»I.M8l)r
VM."* 00
190.»« 90
m,*« 00
le)
I
iid-s
1
value)
letnaiid
rV
2«.««8«
Jl.SS; 50)
r
ta.a)36i
est
::::.._ _.._ctedonPoHcle8
iliui.
Itila
3Iat
marked oS
L.
North
British
and Mercantile Insurance
Company
W. FILKIKB. O.
OF
United States Board of Management,
NEW YORK:
|OLON HUMPHKaYS,
(B.
DAVID D0W8, E
q.
(David
&
D. Morgan
Dowa &
B. P. FABBtil, Esq. (Urexel,
Pl« KlMl-NSrtf ItTv';;"'
Ist
Jana-
Co.
Co.)
$14,366,351 66
Six per cent. Interest on
Morgan &Co.)
the outstanding
be paid to the holders
TOHS
Tuesday, the 5th of February next.
thereof, or their legal representatives,
Esq.
CHAS. E. WHITE, SAM. P. BLAGDEN,
MAN.^GERS,
Office
54 U'llllam
St.,
New York.
OROANIZED APRIL I2T?I8«
^,
on and
after
The
outstanding certificates of the Issue of 1874
win be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday, the 6th of February next, from which date all
interest thereon will cease. The certificates to be
produced at the time of payment and canceled
Upon certificates which were Issued for gold premiums, the payment of interest and redemption
will be in gold.
A
Dividend of Forty per Cent.
Is
7th of
F.S.WINSTON, PRESIDENT
,
APPROVEDDESCRJPTlOS
of
Hay
next.
By order of
LIFE XnB ENDOWMENT POLICIES
J.
CHAPHAN,
Secretary.
BKTWIKX
Calllaa at Plynoath far the landlnir of
PRICE OF PASSAOR IN OOI.I) (Isrludlnir wine;:
To Havre— First cabin. 1100; second cabin. »i5; tnlrd
cabin, (36
QtenBlU.
'*^ 'TRADE
ON.T
miLWARD'S HKLIX NEEDLES.
400 BR')ADWAY. KEW YORK.
LOUS DEBEBIAN,
Acent, BS Broadway.
Hiscellaneou*.
Metropolitan Elevated
R A I I. W A Y.
Sc2d by att dtaltn throughout tkt lytn-U.
TO
1« P.
M.
C. A.
Lewis Curtis,
James Low,
Gordon W. Bumham.
William Stnrgls,
William E. Dodge,
Thomas F. Yocngs,
John D. Hewlett,
Hand,
WUliam H. Webb,
Charles P. Bnrdett,
Francis Skiddy,
Alexander Y. Blake,
Robert B. Mlntum,
George W. Lane,
James G. DeForest,
Adolph Lemoyne,
Charles H. Marshall,
Elliott,
William H. Fogg,
nomas B. Coddington,
Charles D. Leverlch,
Edmund W.
Corliea,
William Bryce,
Peter V. King,
Horace E. Thnrbeh
.
Stre't— 'onnecta
wUh hew
Company's eabs for Ura&d Central
Street. FIfty.ktghth 8ti eet.
down-town tntlna take weet side siatluas.
Depot,
Charles Denllla,
D. Jones,
W. H. H. Moore,
Charles H. Russell,
David Lane,
Daniel S. Miller,
Josiah O. Low,
Royal Phelps,
roriy-Second
Yoric Trant-fer
i.
John
JOSEPH GILLOTT'S
STEEL PENS.
5:30 A. M.
Kee'or Str et— Nearest point for Wall 8t. Ferry and
connt eta with the rars for South Kerry,
Coruantft
^^treet— Nearest point for Jersey City and Csmmnnl.
l
Robert L. Stuart,
Frederick Ctuumcey,
Horace Gray,
%m'<-\
arallsble
through England and France. Bteamera marked tbut
(*) do not carry vteeraKe paaaengera.
For paaaage and trelKlit apply to
For
'
steerage, |:!S— Including wine, bedding and
age. (27. IncludlnR everything a« above.
Ketnra ticketa at very reduced rates,
tre-t.
TR VSTBESt
Bro^
:
To Plymouth, London or any railway station la
England— Flrac cabin, tw to (100, accor-llng to aeeommodauon; second cabin. $«5; third cabin. IRIS, steer-
Chambers Sirvet. Frank,
lln't-eet. Omnd Street. • leccker Street— Connecta
with cin. for Bat and West, tlghtn tt-eet. Foorweniy.ThlrU Btree* . Thlrty.Thlrd
teenth Street
NiNcelluncouiii.
!<;
PiMeazen.
Tue splecdfd vcMela on this favorite route, for the
Continent— cabins provided with electric bella— will
all from Pier (new) No. 42 North Klver. feot of
Morton street as follows:
FHAN'CK, Tmdclle
Wed , Nov ao.t'SOP.M.
L.ABKAOOK. San<lier
Weil., Nov. 2!. * ».M.
>eT. LaUKIiNT, Lachesnex ...Wed, Pec. 4. :aoP.M.
pAwVerrlea. Park Place.
ASHA$SETSoylR$80.000.000.
George A. Clark
L.\
NBW rORK AND HAVRE.
OPEN FROM
OKTERMS AS FAYORABISASTHOSEOFANYOTHEflCO.
Aacnu,
No. M Wall tMet.
The General Trang-Atlantlc Companj'ft
Mall SteamshipH,
the Board,
H.
FOBWOUO * no-
Direct Line to France.
de.
dared oh the net earned premiums of the Company
for the year ending 31st December, 1877, for which
certificates will be iseoed on and after Tuesday, the
"CS EVERY
etU,
ON
256,364 02
Total amonntof Asgetl
certificates of profits will
ASTOU,
buperlor firtt-clasipasMncsr at^uminodauea.
following Assets, viz.:
United SUtes and State of New York
Stock, City, Bank and other stocks. $10,565,936 00
Loans, secured by Stocks and otherwise
1,163,200 00
Real Estate and claims due the Company, estimated at
617,436 01
Premium Notes and Bills Receivable. 1,764,893 03
^" •"" """•"• "<""
CLAmBP^.'.^.'.ToT^ffX'l^lSl. .«•!:!;.. ..Dec. 5
For Uayil. Colombia, Grevtowii (Mc). Iitbmaa of
,'2j"""" »"<' ^o""! Paclrfc Poru. via Aiplnwall
.
AL*^
Nov. 29IAIL8A
.....Dec. 14
Kxpensca ... $947,928 80
Hon. S. B. CHITTENDEN.
XZrfA WHITE, E>q.
J.
,.,?.'V^.?ST.'"'T 8"BYICB TO JAMAICA^ HATTI
UOLOMHIA
and A8PIN WALL, and to PANAklAuxl
PACIFIC PORTS (via' Asplnw.il.) "* "*
WUTU
CashlnBank
Chaitman,
'
'^"'*"-
hc^.i"^*^"'
F.'
Atlas Mail Line.
a
ary, 1877, to 3!st December, 1877.... $4,908,381 08
Losses paid daring the
same period
$2,565,890 27
Returns of Premiums and
The Company has the
LOXDON A\D EDINBURGH.
t6,n\,(S8
with Marine Risks.
Premiums marked off from
ISsL
»
Wo.
North Hirer (fnot of Warren
<«aoept Suodayi) at 4 P. M for Prorl.
SToec'dlrac'
Frelgnu via either line, Ukeo at lowest rales
|6,180j;8 16
H. WASHBtlRN, Secretarr.
LI.-VE.
|8TEAMKK8
8,040,368 81
Total amount of Marine Premiums.
A Dividend of FIVE Per Cent baa
been declared, payable on demand.
No Policies have been issued upon Life
'Riekt, Bor opon Fire disconnected
OHAS. jr. inARTIN, President.
J.
Kiimw Cow-
Ucket oOwml
PROVIDENCE
leave PI r
January, 1S77
let
ilolal
BLBCTRA and OALATEA
$4,710,60$ 83
Policies not
om«ea of ^encoit
Avenue
iti
.
cember, 1877
T,9S0 01
Total
on the
at
polfian and Fifth
1878.
In conformity to the Charter of the
December, 1877 :
Premiums received on Marlse Risk*
from 1st Anaary, 1677, to 31st Deaffairs
Prcmiama on
ollluo
ToBX, Janaary 13,
Company, aabmlt the following Statement of
i«4.llJ8-4
IZ,2S8 5!
Iwuea al
Mcund
rooiM
A69ETS.
r If tieth
FAKB, TEN CKST8,
Except between the hours of
7 P.
M.
5:30 to 1:30
A.M. and
i to
M, when the fare Is Five Centa.
WM. R. OARRIi>ON. PresMeat.
VAN BROCKtIN.
Euperlntasdent.
SPENOERIAN
STEEL PENS
of the Very Best Enropean Make, apd anrtvaled tbr
Flexibility. InirabllUy. and Kvennea* of Fotnt.
REAI..
SW t\
4tl ll.l> .»c"rio.\.|
la Tsrenty \uBabcra.
Samples. IncladtBK the popo-
%:V°yte 1-2-5-8-15"^^^ 3-16-18
J. D.
JONES, President
CHARLES DENNIS,
Vice-PiwMent.
W. H. H. MOORE, 3d Vlce-ftt!Slde«i,
A. A. RAVEN, 8d Vlce-Pierident,
wni be sent by mall, for
trial,
on receipt t€ 9S Ceata.
&
IvisoN, Blakeman, Taylor
Cod
138 <sBd 1 10 tirmad Street. X«w York. :_
;
THE CHRONICLE
V]
Cotton.
Cotton.
Woodward &
&
&
coT'roiv
76 Wall Street,
NEW
Cotton.
Inman Swann
Stillman,
SEAMEN'S BANK BUILDING.
Nos. T4
fVoL. XXVIi.
Co.,
Knoop, Hanemann &
Commission Merchants,
Cotton Exebange Building',
SECURIXr.
PEARL STREET. NEW YORK.
101
LOASS MADE
E.
O.V
SOIJTHERIV SECURITIES.
•of cotton.
&
C. Watts
Co.,
COMMISSION MERCHANTS,
17 Water Street, I^IA'^BRPOOI.,
Hecelve conBlgnmeats of Cotton and other Produce,
nnd execute orders at ti»e Exchanges fn Liverpool.
Kcprcsented In New York at the office of
I.IVERPOOL,
COTTON
la^llcUconslgTimenwS of
orders for t»e
an
J>archa8e or sale of future sLipmcatB or (leUveri<
made on
C0Q8lKi:^enta. and
Afforded by our frlenaa, MessrB. D.
all
BACCOCK BuOTHKliS & UO
Wall STRKtT.
8.
.
Baronne Street.
&
H. W.
Co.,il
J.
•WIN ATiiCIAlj
York.
LBOlf AX,
New
New York and
DURB &
Co.,
Montgomery, Ala.
Orleans, La.
LEHMAN BRO'S,
Cotton AND Factors
Foulke,
GENERAL
l^onmSNION MERCHANTS.
COMMISSION MERCHANTS,
New York.
40
Special attention elveo to the execution of orders
Oellvery.
Co.,
Future ConAdvances made on Consignments
bought and sold on Commission, Id
Y'orlt and Liverpool.
New
82
WILLIAM STREET, NEW YORK.
|
James F. Wenman & Co.,
COTTON BROKERS,
No. 146 Pearl Street, near Wall, N. 1,
Established (In Tontine Building)
&
Ware, Murphy
Co.,
Cotton Factors
YORK.
PEARL STREET, NEIT VORK
Ko.
Co.,
Ill
Pearl
1,
losses, etc.
..
delivery of cotton
.
sale
of
B.
made oh
R. Smith
&
125 PEARL STREET,
NEW
Co.,
Street,
Wm.
COTTON BROKER,
AVGI7STA, GEORGIA.
A.
&ENERAI. COTTON ItlERCBANTS,
9T PEARL STREET, NEW YORE.
proin^Ur
.£ktare ardart
executed.
'
York.
&
& Globe
PVLSFORD,
Lyonimercial
Union
CoBKESPONDENCJt SOLICITKD.
References :— National Baolc of Augusta, Georgia
Henry Hentz & Co., Commission Merchants, New
York; William B. Dana & Co., Proprietor! Coumxb
ctAL ASD Finasoull Chbonicus, Mid Other New
York HouBcs.
Ins.
LyO.
iOF I.O.VDOX),
Entire attention given to purchase of COTTON on
for SPISNEKS and EXJ'OKTEKS.
NOURSE t BROOKS),
New
Rebtdkn t Manaoeb.
ORDER
Tainter,
St.,
S,nO,.S88 24
$1,945, 336 18
Felix Alexander,
^eODTCV BUYEi; AND COMMISSION MERCHANT
(Succcssars to
E.
Boston.
L. F. Berje,
&
J.
YORK,
Liberal advances made on conelgnmenu. Prompt
personal attention paid to the execution of orders for
the purchase or sale of contracts for future delivery.
COTTON BROKERS,
BEAVER STREET, NEW VORK.
1817..
45 Willia7n St.
ASD
44 Broad
1,
Insurance Company^
COMMISSION MERCHANTS,
WALTER & KROHN,
Waldron
coik>
COTTON
OrOAra In Fntnrea executed at N. Y. Cotton Bxchanfre
I.
London
orders
sifrnments.
Co.,
4i!M14 bi—
.
Liverpool
contracts for future
Liberal advances
$7,115,6»« 43
187?
$8,1100.000 00
l."41.2"^ 4'i
...
JAS. A. ALKX.VNDER, Asent.
Street,
Special attention paid to t^e execatloa of
for the purcbase or
BUTERS & COMMISSION MBKCHAN1S
60 Stone Street, Neiv York.
OBI.EANS,
York.
OF IIARTFORU.
Total Asset' January
NEW YORK.
'ISOTTOK
W^
New
Insurance Company
NET bUR"LUS,
No. a Cortlaudt
GENERAL CiOMMISSION MERCHANTS-
NE
Co.,
JETNA
Unpaid
COTTON BROKER,
O*TT0N BUYERS FOB MANUFACTURERS
niEnPHIN, TEVN.
53
&
COTTON BROKERS,
Rerlusurancefund.
AND
&
1841.
InNiirancc.
Oeo. Copeland,
H. Tileston
KICHARU j)
Dennis Perkins
ALFRED
PELL,
Kesident Manager,
'3r
&
j
Co.,
Shipping and Commlsstou Mercbant
No. as BROAD STREET, NEW YORK.
Capital...
&
&
Richards,
(Successor to A. L.
.Ian.
C. Johnson
Co.,
Future Contracts for Cotton bought and sold on
'Joiumtsslon In New Y'ork and Liverpool.
117 Pearl Street,
BANKERS,
J.
&
Macaulay
'
COTTON COMMISSION MERCHANTS
NEW
|
1
tracts for Cottnn
EXCUANGE PLACE,
View York.
Orders executed at the Cotton Exchanices In New
York and Liverpool, and advances made on Cotton
and other produce couirlgned to u<f, or to our correspondents In Liverpool, Me srs. B. Newgaas &, Co.
and Messr s L. Roienhelm & Sons.
<or the onrcbaae or uie of Contract! tor Fnture
|
GENERAL COMMISSION MERCHANTS
No. 12'i Pearl Street, New York.
E. O.
Llvernool.
LsnilAK,
CO.,
i
and
throuirl,
^k:
ABBAUAH &
Co.,
JEMISOS),
ft
CO.,
ft
execute oriers for Merctandlre
sold on Cofr.mlaslon In
COTTON.
64 BROAD STREET,
IIOODY
( OTTON FACTORS & COMMISSION M KK .HANTS
4T Hroad Street, New Vork.
«'0.,
Fr.M,AV, ini;S»
CALCUTTA AND DOMBAT.
FUTORB CONTRACTS FOR COTTON bought ano
New
&
New
,
Wtessrs.
132 Pearl Street,
R. M. Waters
&
Jemison
BANKERS, COTTON FACTORS
LIVKKPOOL. LONDON AND GLASGOW.
ACiEKTS,
131 Pearl Street,
Pearl St
JAMFS FINLAV
WeMrn.
Vork.
Bo.^ 3,M9.
i.dvance8 made on ConslgHmenls.
^Special personal attention to the purchase and sale
»t '• CONTIiACTS KOK FUTUKE DELIVEKT " OF
&
Co.,
Adynnces made on Constgnirinu to
Farley,
AUo
O
Bennet
& 176
174
H.
&
S.
CO.!
Jk
COniMISSION MKRCHANTS. Sawyer, Wallace
New Orleans.
ANU
136
E y
S
COMMISSION MERCHANTS,
QEKERAL
COTTON FACTOUS,
COMMISSION MEKCUANTS,
T.
J
E R
(Successors to
,
:()
Henry Hentz
tnfonnHtio
WATTS A
Stone street. New Tork. and Messrs. D. A. tilVKN «
«JN,M
BABCOCK&CO.
B. F.
21 Browu'n Balldlnac*,
&(lTaaeee
nnd Liverpool,
inanrlieaier
O E
purchase or sale of contracts for future delivery
W.
'
IV
made on Conslgnmenti.
Special attention paid to the execution of orders for
lie
]
I
MABE ON ACCEPTABI.E
Xlberal aavances
YORK,
I
HOUaXA
«IE>£RAL COMMISSION MERCHANTS
'tOANS
NEW
53 EXCHANGE PLACE,
rOBK.
Co,
COMMISSION MERCHANTS,
39 Wall Street
,
@FedFRASER