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HUNT'S
MERCHANTS’
&
MAGAZINE,
§kw0paper,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES..
YOL. 27.
SATURDAY, NOVEMBER 2, 1878.
CONTENTS.
which
Imports and Exports for Septem¬
England
When
ber, 1878
Bank Vaults Safe !
Egypt and Its New Government..
Harshness in Our Customs Service
Financial Review of October
are
THE
Gas Stocks in Great Britain
Latest Monetary and Commercial
English News
Commercial
News
and
452
Miscellaneous
454
BANKERS’ GAZETTE.
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, Boston Banks, etc
455
Quotations of Stocks and Bonds.. 456
Investments, and State, City and
Corporation Finances
459
THE COMMERCIAL TIMES.
Commercial Epitome
463 I Dry Goods
Cotton
463
Breadstuffs
467
468
Imports, Receipts and Exports.
..
Prices Current
469
470
$lx* Clirouixlc.
The Commercial
and
Financial Chronicle is issued
day morning, with the latest
news up
on
Satur¬
to midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
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For Six Months
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have
produced the crisis, for in that way we
may be led to adopt measures preventing a repetition;
and we are as much interested in
securing that as
At first thought many have charged
Europe is.
THE CHRONICLE.
Mono-metallism and the Crisis in
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....
Advertisement*.
Transient advertisements are published at 25 cents
per line for each Insertion,
but when definite orders are given for five,
or more, insertions, a liberal dis¬
count is made.
No
promise of continuous publication in the best place can be
the
disturbance all to the failure of the Glasgow
Bank. The truth is, however, that failure was but one
little incident in the series, and produced
by it rather
than producing it; all the conditions existed before that
event and still
exist, possibly to be again disturbed at
some similar
unexpected development. The explanation
is very simple, and is to be found in the
long-continued
bad trade in Great Britain and in other
parts of Europe,
an influence which has been
accumulating in force ever
since 1873. Most certainly we do not expect to make
any suggestion for restoring
the conditions exist¬
ing previous to our panic; we have discussed that
subject many times, and on the proper occasion it
will profitably bear further discussion. But there is a
change now in process, through the consent of Europe,
which it seems to us is clearly
aggravating, if not per¬
mitting, much of the present suffering from business
depression, and which can be wholly removed.
It needs
during the
argument to prove that the chief fears
past three weeks have all resulted from the
no
condition of the Bank
felt lest the drain of
reserves
in
England, and the alarm
gold to the interior could not be
supplied as quickly as needed. As it was, the reserve
william
JOHN
went down to the dangerously low point of 27£
per cent
before the movement was arrested. The simple facts
VW" A neat file-cover is furnished ut 50 cents; postage on the same is 18 were these.
The Bank of England, which carries the
cents.
Volumes bound for subscribers at $1 50
For
reserves for the country, finds itself, at a time of
complete set of the Commercial
Financial Chronicle—
great de¬
July, 1865. to date—or of Hunt’s Merchants’ Magazine, 1839 to 1871, inquire
at the office.
pression in trade—when its vaults ought to he fully if ever—
so
depleted, that the simple shock to credit produced by
;kMONO METALLISM AND THE CRISIS IN
one bank failure, far
up in Scotland, throws the whole
ENGLAND.
nation, yes the world, into a state of semi-panic. The
During the past week continued progress has been important point, to be remembered is that since 1873
made here and in Great Britain towards a restoration of trade has been
dead; that the commercial demand for
confidence, and, in some measure, of values. The improv¬ money in the world is at present at the lowest possible
ing condition is fairly reflected in the weekly statement ebb; and yet the reserves of the banks are dangerously
of the Bank of England, issued
yesterday, according to low—so low that the rate of interest has been much
which there has been a further gain in coin and bullion
higher all the year than the commercial position war*
of £1,200,000 (£141,000 of which was from domestic
ranted, placing a direct tax on industries already
sources), and the proportion of reserve to liabilities has languishing. Nor is this the worst presentation of the
further recovered from 29.J- per cent last week to
33£ condition. For while the Bank of England has been
per cent this week.
The course of prices at London for able to retain, by artificial means, a fair reserve, the
silver, Consols and United States bonds and stocks also actual supply of gold in the country has been diminish¬
shows the same tendency.
Trade, however, and especi¬ ing to a very considerable extent. We exhibited this
ally the cotton-goods trade, in Europe fails as yet to fact by tables a few weeks since, and repeat one of them
show signs of recovery.
now, to wit, the following statement showing the im¬
As the more threatening conditions are thus for
ports and exports of gold into and from Great Britain
the time disappearing, it is wise to look at the causes since 1869.
given,
all advertisers must have equal opportunities. Special Notices in
60 ccn’s per line, each insertion.
b. DANA,
WILLIAM B. DANA & 00., Publishers*
I
FLOYD, JR. f
79 Sc 81 William Street, NEW YORK.
Post Office Box 4592.
as
Banking and Financial column
g.
a
and
tr
446
GREAT
THE CHRONICLE
BRITAIN’S IMPORTS AND EXPORTS TO AND FROM ALL COUNTRIES.
Oold.
Tear.
Net
Imports.
Exports.
1869
$68,854,000
$42,368,000
$26,485,000
1870
94,033,000
108,094,000
92,347,000
103,055,000
90,405,000
115,704,000
117,379,000
77,259,000
48,403,000
50,067,000
43,966,000
1871
1872
1873
1874
1875
1876
1877
1878
*
(eight months)
..
Imports.
103,491,000
4,603,000
98,744,000
95,356,000
53,208,000
93,241,000
82,578,000
101,805,000
58,837,300
*6,397,000
7,699,000
37,196,000
22,462,000
34,801,000
*24,546,000
*10,434,000
Net exports.
These
account for the
| Vol*. XXVIL
present struggle and losses of the cotton-
goods trade at Manchester it is not possible to say, bat
certainly seem to be a very important factor in
the problem of restoration. We would commend the
subject to our Manchester and Liverpool friends, with the
hope that its consideration will cure them of mono¬
it would
metallism.
In the
meantime, what policy should we pursue ? The
easiest and shortest, and in fact about the only
way to
teach the world anything, is through suffering. We, as
a country, desire the bi-metallic
system to prevail in the
world, for reasons often stated. Is ft not best, therefore,
for us to let Europe distress itself until it learns the
folly of its present effort ? We would say, then, repeal
our silver-dollar bill,
telling Europe that we are ready to
take up the Silver Question whenever it is agreeable to
it.
Until that time, however, let us refuse to help it out
of the dilemma it is in. Can there be any question about
the wisdom of our pursuing such a course ?
figures disclose the important fact that Great
Britain, instead of gaining its yearly average of from $25,000,000 to $40,000,000 gold, has during the past two
years actually lost, up to Sept. 1—that is in a year and
eight montfis—$35,000,000. In other words, instead of
the constant large increase its commerce has
required in
the past, there is this large loss.
IIow such a change in
the movement was caused we all know. First,
Germany
has been absorbing
gold ; second, all the specie-paying
WHEN ARE BANK VAULTS SAFE?
countries of Europe, frightened
by the depreciation
The sensation of the past week has been the
robbery
of silver, have been seeking—with as
yet poor success, of the Manhattan
Savings Bank, at about the hour of
however—to replenish their gold reserves and to be rid
of their silver; finally, America has entered the same daylight on Sunday morning, of 2f millions of bonds,
market and been in competition for the same metal. We nearly all of them registered and therefore non-negotiable irregularly. The operators had their tools with them,
•must remember, we
repeat, that this is all taking place but had little occasion for
their use, finding strategy
at a time when commerce is less active and
requires less easier than force.
Having in some way knowledge of
money for its purposes than any year for a very
the fact that the janitor knew the combination of the
long period.. In the United States we produce gold
vault-door lock, they simply watched for the brief inter¬
more than sufficient for our
currency wants, and can val between the
departure of the night watchman and
afford, therefore, to look on, longer than Europe can, at
the appearance of the janitor in the bank, seized and
this foolish demonetizing process which
they have forced bound the latter in his own room, extorted the combina¬
upon us.
But in view of the existing situation, and of tion
from him by threats, and had then a comparatively
the light the present experience has
given us, does it
easy task. The bank officers are said to allege, in their
seem
possible that the wants of commerce in Europe are own
justification, that they had taken every known pre¬
to be met by this one metal ?
Is not mono-metallism
caution, and if they say this, it is impossible to deny that
proving itself impracticable ?
they may have honestly thought so. Yet, inasmuch as
Yet this is only one side of the
evil, and the lesser it is
perfectly evident that if the safeguards they em¬
side so far as the demonetizing movement is
aggravating ployed extended to the known limits of possible precau¬
the present depression in business. A worse effect is
tion there is no safety in bank vaults anywhere, it
resulting from the depreciation of silver. England has becomes an
interesting matter to inquire what those
a
very large trade with silver-currency countries.
At limits are.
present, profits, as we all know, are very small even when
The indirect attacks upon bank vaults, from the inside,
there are any.
Look at the exhibits of the cotton manu¬
through defalcations, are in a class by themselves, and
facturing industry at Manchester;—the margins between are the most difficult of
all to make impossible; the
the raw material and the goods have almost
constantly direct attacks, from the outside, consist of “sneaking”
diminished since 1873, and even at that date
spinners during business hours, digging through the defensive
claimed that the business was unprofitable.
In connec¬
walls, as in the very remarkable case of the Ocean Bank,
tion with this known fact, notice the
following statement some
years ago, and of the plan—commonly resorted to
of the average price of silver at London, each
year since in
villages, and imitated successfully in this recent case—
1872, and the decline each year in pence and per cent.
of seizing the cashier in his bed and compelling him to
SILVER—AVERAGE PRICE AND YEARLY DECLINE.
As
open the doors or to disclose the combination.
Ar. price Yearly Decline.
price Yearly Decline
Tear.
Year.
defense against the wedge and blowpipe, walls are neces¬
per ounce. Per Oz.
%
per ounce. Per Oz.
%
.
i
1872
1873
1874
1875
*
....
66^(5 d.
....
59>4d.
....
58">ir,d.
....
1876
1*76
015i<;U.
5G78d.
1*58
2-47
For 1878 the present
1877
....
52 %d.
....
541316(i.
|*1$73 ....
50i-d.
4i8(l.
t2i1Gd.
4516d.
sary
7*25
t3-91
7*87
price is given instead of the average,
t Advance.
This statement shows
a
total fall of 0
13-16d.,or 16*27
from 1872 up to the present lime. Of course,
goods shipped to India and to other silver-currencypaying.countries, must be paid for in silver, and unless
they receive a higher price there than elsewhere they
must lose on the exchange just the
depreciation ruling
per cent,
in silver.
In
other
silver represents
India at a given
on
the
same
words, ICi per cent per ounce of
the'discount on a bill of goods sold in
price to-day, compared with no discount
sales of 1872. flow far this circumstance
may
which will resist for 36 hours, and as these need no
repairs, it is
have them good; but, of course,
easy to walk through one open door as another,
and the most impregnable walls might as well be paste
board if strategy can get the door opened.
In this case,
there have been sneers at the police for not discovering
that something was wrong within. There is no evidence
that these are deserved; the thieves were as cunning as
they were bold, and daring is i self sometimes a shield,
as
when dwellings have actually had their contents
removed in furniture wagons, in broad day, while the
owners were absent in the
country, the thieves finding
their immunity in the fact that the neighbors, of course,
supposed it was all right. Nor can the janitor of this
bank be blamed. He was not paid for heroism, and,
it is
as
economy to
November 2, 1878.]
THE CHRONICLE.
447
although bank officers in the like situation have some¬ because it had acquired the habit of receiving the special
times refused to yield, and one actually lost his life deposits of individuals for safe keeping besides its own.
rather than do it, it is not right, because it is wholly The safe-deposit companies are not robbed;
they are not
even
unnecessary, to subject any man to such a trial; given, a
attacked; and why? Simply because they use
cashier who knows and can fully control the combina¬ double or treble locks, each
requiring a separate man to
tion, and the bank vault can be attacked by surprising open it; they then add the automatic time lock, which
an unarmed man in his bedroom.
opens itself when ready, and defies everybody until it is
In entrusting the combination to their janitor, there¬ ready; then the vault has the electric connection
just
fore, the bank managers practically left the door of described; and there is an armed guard, who do not
their elaborate vault unlocked. But what are the pre¬ know the combinations, and never leave the
place except
cautions they could have taken ? In the first place, their during business hours.
These multiplied precautions
make
attack
so
discipline was lax, in permitting an interval of ten
hopeless that a burglar would as soon
minutes or so between the night-watchman’s departure handle a lighted shell as go near a
safe-deposit company,
and the janitor’s leaving his bed; the banking room knowing that he would
simply throw himself away.
should not have been left alone at all. But that is the least These criminals never
proceed without some knowledge
important point. By having two or more locks, set of the defenses, and to make a vault impregnable is to
differently, so that no one person can open more than ensure their not troubling it. It is idle nowadays, for
one, the burglar is compelled to attack several persons city bank officers at least, to profess security without
simultaneously, and this simple device so multiplies the taking these known measures for obtaining it; and if
risks that he deems it better to use his tools directly; it is not practicable and
proper for the statute law to
burglars wrere never known to attack in more than one enforce this duty of precaution, public opinion should
place, and a second lock would have prevented this bur¬ insist upon its enforcement.
glary—it would not have been attempted at all, if the
EGYPT AND ITS NEW GOVERNMENT
way had not been prepared for it. There is another
It would appear as if the difficulties which hindered
appliance, however, of vastly greater utility—the chro¬
nometer or “ time” lock.
This is simply a watch the reconstruction of the
Egyptian government have
movement set on the inside of the door, which locks the been at last
wholly removed. French jealousy stood in
lock and will not release its hold until the hour for the
way of a complete settlement; this was provoked by
which it is set arrives; if set to open at nine o’clock, for the
appointment of Mr. Rivers Wilson to the position
example, all the bank officers and the makers of the lock of Minister of Finance; a compromise has now been
itself might be present to assist the burglar, but there made
by the appointment of M. de Blignieres to the
would be no such thing as getting in except by breaking Ministry
of Public Works. M. de Blignieres and Mr.
in. Such a lock costs money, but so does precaution Wilson will sustain to each other the relations of col¬
always; if one had been on the vault door of the savings leagues. For a time it was feared that unless some con¬
bank, it would have baffled the burglars, and they would sideration was shown to French sentiment, the cordial
have made no attempt had they not known it was not
friendship existing between France and England might
there; furthermore, if, as has been stated, the janitor be endangered. The compromise has happily removed
had the combination so that he could take out and dust all
differences; and the Rothschilds on both sides of the
the books at a proper hour, the time lock could have channel are so well satisfied with the
arrangement that
opened the door for him for that purpose.
they have come forward and offered most substantial
The crowning safeguard is in using that most wonder¬ assistance to the re-constructed
government.
It is
ful of modern servitors, electricity.
Vaults may be, stated that they have pledged themselves* to the extent
and hundreds of them are, so connected that the of five millions of
pounds sterling—a figure which shows
slightest attempt to meddle with them gives an alarm that they repose immense confidence in the resources of
and brings the depredator quickly into a trap of his own the
country, and in the men who are now in control.
It
is well known that Egypt’s finances have for sev¬
springing. The alarm is unheard by him, because given
at a distance; the connection is generally
invisible to eral years past been -in a most wretched condition.
him; but if it is not, and he finds and cuts the protect¬ Externally, there were many signs of prosperity; but
ing wire, it does its work all the same by the act of there were those who knew that, while the Khedive was
being cut. He may look at the vault, but if he puts multiplying his palaces, adding to his harems, buildings
forth his hand to touch it it retorts by seizing him.
opera houses, importing and sustaining the best artistic
Before this adaptation of electricity was
talent of Europe, and otherwise
it
was
devised,
indulging in the most
a race between the
ingenuity of the safe-makers in com¬ costly and ruinous extravagance, he was literally sucking
bining metals which could not be drilled and joints the life-blood out of the country, and that beneath all
which could not admit powder, and t.he craft of the the
glitter and show there were rottenness and corrup¬
burglar, but now that craft is finally baffled.
tion.
It wTas not until he found he could no
The time
longer
lock makes it positively impossible to get in
except by borrow in the markets of Europe that he realized his
force, and brings the question down to one of the im¬ bankrupt condition. Thereupon, a joint English and
pregnability of walls; the electrical attachment makes a French Commission was appointed to examine into his
weak wall equal to a strong one, for when a door cannot
affairs; and arrangements were made whereby it was
be touched it certainly cannot be opened. These two
thought, by judicious management, his credit could be
devices clearly form a perfect security, except against restored.
the treachery or neglect of employees; for outside attacks
The Goschen-Joubert scheme, however, proved a
they leave no avenue whatever. But the savings bank failure, because the carrying of it out was left in the
had neither,of them—not even an adequate guard set; Khedive’s own hands. Matters
grew worse and worse,
the door was locked, but the janitor was the key, and and the difference between revenue and
expenditure be¬
the thieves had only to go and get him.
came more
alarming than ever. The Khedive, again
Of course, a sufficient armed patrol can be added; and
finding himself in straits, issued a decree for the appoint¬
the carelessness of the savings bank was all the worse ment of a commission of
inquiry, and declared that no
448
State
THE CHRONLCLE.
revenue
is
secure
which does not conform to the
rules of
fVot. XXYI1.
The plan of reconstruction has been well consid¬
It is not expected that the
Egyptian finances will
be put right in a
day; but controlled, as they are certain
to be, in the interest of the
country and of the people, as
well as in the interest of the
bondholders, and by a man
who commands the confidence of all
parties, there can
be no doubt that
they will, at no distant day, be in a
healthful and even flourishing condition.
The country is
upon.
ered.
equity and sound principles of good adminis¬
A commission was
appointed; and of that
commission Mr. Rivers Wilson has been the
leading
spirit. Nubar Pasha having been recalled from exile
and placed at the head of the
government, the com¬
mittee had every facility for the
prosecution of their
task. Accepting the
challenge of the Khedive, and
taking the high ground which he himself recommended, as rich as it ever was in natural resources.
The Nile
they have shown in the most conclusive manner that annually rolls down its wealth of waters
as
faithfully as
never were
justice and administrative expediency so it did in the times of the Pharaohs.
Egypt suffers only
neglected as on the banks of the Nile. The will of the from bad
government. Good government is all that is
Khedive has been supreme in all
things. Without con¬ necessary to restore her prosperity. The Daira lands
sent of his Privy
Council, or rather in spite of his Privy amount to about 917,000
acres, and their revenue does
Council, he has been in the habit of levying taxes from not at present exceed
$4,250,000. It ought to be other¬
his people; and so enormous have been his demands that
wise; for the average net revenue of the best lands is
he has impoverished the fellaheen and
paralyzed their from $15 to $20 per acre. If this is true of the Daira
energies. In place of giving his whole attention to the lands, what must be the condition of
a
large portion of
affairs of government, of which he
the
persisted in keeping
country where the peasantry are without the means
entire and absolute control, he
complicated his affairs by of cultivation. A few years of wise and economic
extensively augmenting his private estate, which now government will
bring about a great revolution in the
comprises about a million of acres, by multiplying his affairs of
Egypt. In the upper Nile country, there is
sugar mills, and by other speculations equally foolish infinite room for
expansion. "With the government in
and absurd. Under such
circumstances, book-keeping good hands and the soil well
cultivated, she might, in
and all government affairs were in the most chaotic con¬
the matter of cotton
alone,
become
one of the largest
dition.
When money was wanted, the usual resort was
producing centres in the world.
to taxation.
The result has been that a
the
majority of
HARSHNESS IN OUR CUSTOMS SERVICE.
fellaheen, unable to meet the unjust and repeated de¬
mands, have mortgaged their lands, their cattle and
A fortnight ago, we discussed the case of
the govern¬
their farm implements to usurers; and
ment
and
the
they and their
importers, arisen in reference to kid
ruler have become bankrupt
together.
Such is the gloves, and now another case is reported which is worth
condition of things which the commission of
inquiry sketching. It appears that, preparatory to the cancel¬
has discovered and exposed; and their recommendation lation of some
bond given, three years
ago, by a cloth
has been that the bondholders, if
they would save them¬ importing firm, and the acceptance of a new one, the
selves, must come to the rescue and save Egypt.
Custom House officials, a few
days ago, set about looking
The new government, of which Nubar Pasha is Presi¬ over the records of the
firm’s importations. In so
doing
dent of the Council, Mr. Rivers Wilson is Finance
they discovered that by an error made about six months
Minister, and M. de Blignieres is Minister of Public ago, $10,000 less was paid for duties than should have
Works, is the result of this recommendation. Ismai been. On being notified of this, the firm at once ten¬
Pasha is not dethroned; but, for the time
being, he has dered payment, but the officials refused, on the ground
consented to retire from all active
participation in that this “ would make a precedent of which persons
administrative affairs, and to content himself with the
who deliberately undervalue
importations would take
discharge of the more ornamental duties which attach
advantage, upon the discovery of their practices.”
to the Yice-regal office.
There can be no chance of The sureties upon the bond, who
happen to be a wellsuch failure as followed the Goschen-Joubert
scheme; known banking firm, were then notified that a suit would
for Mr. Wilson is to be in
possession of all the power be commenced against them for $80,000, which was the
which belongs to the Chancellor of the
Exchequer in aggregate value of the importations upon which not all
England. His position is well defined. The commis¬ the duties had been paid. To this the firm
naturally
sion demanded of the Khedive as
preliminary to any demurred, but asked that the matter be not made public
final arrangement, not
only control of the government, and that they be allowed to compromise
by paying
but the cession (1) of all the lands of the Dairas
tration.
“
“
Sanieh
and
$30,000.
“ As the Custom House officials
were
con-
Khassa; (2) of all the property which the Viceroy
vinced that the government had not been
deliberately
proposed to give, as well as that which he proposed to
cheated, they reported to Secretary Sherman in favor
keep; (3) of all the buildings which he possessed; (4) of “of the proposed
compromise, and it was understood at
any other properties which may have been omitted.
the Custom House that the recommendation of a com¬
“
As for your conclusions, I
accept them,” was the answer promise had been approved at
Washington.”
of the Khedive.
Of all this
We give this brief recital in almost the same
property the new Finance
language
Minister has absolute control. His task is not an
easy as we find it reported.
Probably
thousands
of
newspa¬
one.
He has to provide for an
expenditure which at per readers glanced at the paragraph without
being con¬
the present rate is about ten millions
sterling a year; scious of any decided mental impression from it, but
and he has to raise the
money by imposing taxes upon that only shows what indifference has been bred in
an
already impoverished peasantry. Mr. Wilson’s first us all by long
familiarity with transactions of this
duty is to that class. His first thoughts are to be given, nature. Take one
comprehensive statement of the facts:
not to the bondholder or to the
Khedive, but to the government, by what was admitted to have been an
“
“
“
means
and cultivation of the soil.
The peasants are to be
error and not an
intention, had been underpaid ten thous¬
of the soil before they are and dollars upon certain lots of
goods ; the importing
to be asked to give it to the
government in the shape of firm said, if you think
you should have received this
taxes.
money we stand ready to pay it now-; the Custom-House
The new arrangements have not been
rashly entered said, no, if we let you off we shall encourage others to
helped to get
money out
November
think
they
THE CHRONICLE.
2,1878.]
safely venture to try undervaluations
upon us; so the Custom-House turned about to the sure¬
ties and proposed to sue for the entire value of the
goods, but graciously decided to accept thirty thousand
dollars instead.
Government, by mistake, first loses ten
thousand dollars; refuses.to be repaid, and demands
eight times its loss from third parties, but finally stops
with robbing them of three times its loss !
If an exaction like this were levied, in
private transac¬
tions, by an individual having power to enforce it, it
would be deemed a monstrous outrage; if it were levied
by some semi-barbarian government, it would be called
an exercise of brute
force, in a way naturally to be
expected, which desired to take and gratified its desire
upon whatever was handiest to reach; being committed
by a democratic government certainly does not better
the moral quality of such conduct, which is not
justified
by the fact that it has precedents, the most memorable
of them being the case where,
upon invoices amounting
to over a million, the
government exacted $2*71,000 as
compensation for a total loss of $1,600. The permission
by the law does not justify the infliction of the penalty,
for even fraudulent undervaluation is
surely not the
worst of crimes.
But what ought to be said when
the
fact
is
may
considered
that
these
undervaluations,
thus
44
day of the month the markets
of the world
aston¬
were
ished with the announcement of the failure of the
of Glasgow Bank, with liabilities
City
approaching £10,000,regarded as one of great
strength until within a comparatively short period, sur¬
rounded as it was by the proverbial
safeguards which a
personal liability of stockholders has given to the Scotch
banks; but a course of over-trading, too large advances
on
merchandise, accommodation to directors, and draw¬
ing bills against nothing, finally brought the bank into a
state of
insolvency. Following the Scotch bank failure
came the
suspension of several heavy mercantile firms,,
This institution had been
000.
and the financial outlook in London about the 19th of
the month was
exceedingly gloomy. The Bauk of
England lost specie rapidly, and advanced its discount
rate on the 14th to 6
per cent.
The following table
shows the Bank movements between
September 26 and
October 24:
MOVEMENTS OF BULLION
Sent to
Recorded
BANK OF ENGLAND.
Increase by
wants.
650,000
1,532,009
519,000
376,000
1,450,000
1,147,000
595,000
5,480
£4,081,000
£3,307,480
...
September 26,...
Total
....
reserve to
Bank, liabilvies.
£
29#
£894,000
800,000
385,000
76,000
,
360.520
£1,254,520
ProporVn
,
Loss by
Bank.
£110,000
October If
October 10
October 3
Leaving
,
Domestic
influx.
October 24
IN
supply
27%
33%
40%
49
'
£1,261,000
In New York there was but little
practical effect from
the flurry in London, except in the rates of
foreign
heavily dealt with, are not of the nature of
smuggling, are not intentional, but are almost always exchange, which declined
sharply, and then advanced
errors which the law^ itself not
only makes possible but quite as suddenly. An attempt to corner gold and force
almost unavoidable ? The undervaluations are
questions up the rates for money was made by speculators in stocks
of fact, and questions which
scarcely admit a settlement in the week ending on the 14th, but the announcement
free from challenge; that is,
they are not questions of on that day that Secretary Sherman would pay called
fact which can be determined without
any doubt.
They bonds on demand broke the stringency and caused
are such as, how
many threads are there in a square inch stocks to rebound
sharply.
of fibre ? of what is a certain article
The yellow fever in the Southwest declined
composed ? in what
rapidly
class is it to be reckoned for
assessment ? or,
most fre¬
after the
occurrence
of the first frost—about the 18th of
quent and vague of all, what are the goods worth in the the month.
place of purchase ? The determination of such ques¬
At the New York Stock
tions is
necessarily in good
measure
government makes it
Exchange the transactions,
arbitrary, and compared with three previous months, were as follows:
wholly so. First, the law is made
complex, vague, and inconsistent, that it is far easier to
enforce it by decision than by
interpretation, and differ¬
ences must arise; then the
government decides every¬
thing in its own favor, and demands the confiscation of
so
U. S. Government bonds...
State bonds
Railroad bonds
Bank stocks
shares.
Railroad and miscel. stks. “
The
following
July.
$12,258,550
872,000
6,152,600
2,048
3,680,305
August.
$8,0^6,100
,
481.000
4,856.000
1,429
3,416,053
September.
$7,865,700
October.
$7,487,650
598,000
441,400
5,171,100
7,163,400
644
1,281
4,448,352
3,009,486
shows the condition of the
crown
the whole, the New York City Clearing House banks, the premium on
Custom-House is always making “ discoveries” of error? gold, rate of
foreign exchange, and prices of leading
so that the
importer never is quite sure when he has securities and articles of merchandise, about the first of
done with it on a particular transaction.
4 There November in each year, from 1875 to 1878, inclusive:
does not seem to be, as
SUMMARY ON OR ABOUT NOVEMBER 1,
1875 TO 1878.
by law and consent there is in
respect to everything else, any rule of limitations;
1878.
1877.
1876.
1875.
on the
contrary, the Custom-House is liable to say to any New York
City Banks—
importer, you should have paid us a dollar more than Loans and discounts.. $ 245,108,400 236,216,600 260,684,200 275,914,900
Specie
$
19,860,500
15,935,900
17,436,600
9,920,900
Circulation
19.889,700
$
you did pay on a transaction several years
17,156,800
15,090,600
17,997,700
ago ; now
Net deposits
$ 211,096,700
192,364,900 215,392,900
221,076,200
$
Legal tenders ..;
pay us a hundred dollars. When the whole business is
39,962,500
39,531,900
46,353,800
53,455,400
Surp. reserve (over 25 £)$
7,048,825
8,878,575
9.942,175
8,107,250
examined, it reasonably resolves itself into demand—as Money, Gold, Exchange—
Call loans
4-6
5-7
3-4
3-6
5-6
arbitrarily so as the order to “ stand and deliver ” given Prime
paper
4-6
6%-7%
6-6%
Gold
100%
1 !0
102%
116%
Silver in London, $ oz..
upon the road.
55d.
50%d.
57d.
53%d
Prime sterl. bills 60 days. 4 82-4 8i% 4 80%-4 81
4 81%-4 82y2 4 78%-4 79
It is perhaps useless to
States
Bonds—
United
complain of the fruit, which
the
whole business.
summary
And to
-
STATISTICAL
follows the
toms
nature of the tree that bears it.
administration
The
cus¬
is
oppressively and even out¬
rageously harsh in its dealings with merchants, not
merely acting unjustly, but forgetting the first princi¬
ples of justice itself.
sometimes
defrauded, and is
facts; but its conduct
rule that it
Unquestionably, the
never
seems
is and
not
always
based upon
never can
is
to the
revenue
wrong as
the indefensible
be wrong.
5 20 bonds, ’67, coup
6s, currency
10-40s, coupon
4%s, 1891, couDon
4s*of 1907, coupon
Raikoad Stocks—
106%
108%
120%
106%
121%
103%
104
100
N. Y. Cent. & Hud
nu/«
19%
Erie
Lake S. & Mich. So
70
Michigan Central
Chic. Rk. Is). & Pac
Illinois Central
Chic. & Northwest, com.
Chic. Mil. & St. P. com.
Del. Lack. & West
Central of N. J
69%
115%
79%
41%
The past month was one of considerable excitement in
financial circles both at home and abroad. On the second
9
Cotton, Mid. Up., $2)..
Wool. Am. XX. $ fl>
—
106
12
68%
64
101
74
35
31%
33%
51
29
50
15
Iron, Am. pig, No.l,$ ton
Wheat,No.2spirng,$ bn
Corn, West, mix, $ bush.
Pork.
meg*.
$ bbl
.
..
9 7-16
30-36
16 50-17 50
9396
45-47%
7 75- 8 00
116%
124%
115%
120%
123%
117%
103%
11%
59%
48%
104%
18%
105%
Merchandise—
FINANCIAL REVIEW OF OCTOBER.
.
11%
39-16
18 50-2000
1 27- 1 29
59-61
14 30-14 50
102
82%
37%
24%
73%
36%
11%
34 45
22001 18- 1 28
56-60
....-17 00
....
62
62%
103%
93
37%
34
118%
106
14%
43-48
24 00-25 00
126-134
71-73*
•
23 00-23 25
450
THE CHRONICLE.
BANK
MOVEMENTS
,
AND THE MONEY MARKET.
In the statements of
U.
Clearing-House banks the
our
.—5s, 1881—% ^-5-2Gs, Coupon ,— 10-10s- - 5s,’81. ^-4%s,’91—, 4s,
rcg. coup. ’65 n. 1867. 1868. reg. coup. coup. reg. coup. cou.
Oct.
.
principal changes worthy of notice were the fluctuations
in the specie item, and the continuous decline in legal
tenders.
The money
the early part
market showed a hardening tendency in
of the month, but, on the pressure brought
to bear by manipulators of the gold and
money market,
rates advanced in the week ending with the
14th, and
call loans were quoted at 6@ 7 per cent.
Subsequently
the pressure was removed and business was generally
done at 4@6 per cent on call during the balance of the
month. Prime paper was quoted at 5@6 per cent
during most of the month.
•
10S
108
-
8..
9..
10..
It..
12..
13..
14..
15..
16..
!7..
18..
19..
20..
21..
22..
23..
24..
25..
26..
27..
.,
Oct. 12.
$
$
248.634,300
247,881,900
Specie
17,599,700
19,577,500
214,103 J 00
Legal tenders
Surplus
reaeree over
43 382,200
13.991.100
19.593.100
210,041.2)0
42,050,890
7,433,000
3,531,600
23:6..
Range of call loans....
Rate of prime paper...
FOREIGN
Oct. 19.
5
m
4
5
4%@6
TRADE
OF
$
$
246,59 5.10~
15,547,800
247,108,400
.
19.691.200
,,,....
4,240.700
4
©6
5 @6
7,048 825
@6
UNITED
4
.
•
••••
••••
...S
.
.
.
.
105%
105% 103%
•
....
105%
....
....
•
106
....
...
.
.
.
•
•
•
.
.
,
.
.
.
.
.
.
.
.
.
•
•
99%
•
.
....
103%
99%
103
99% 119%
119%
...
....
.
.
.
•
•
•
....
.
....
Oct
STATES.
tt
a
44
44
44
44
%
4
44
44
C.
exports for the nine months, from
1 to September 30, 1878, was $208,808,577,
•
«...
....
.
•
•
•
•
•
....
,
,
,
,
100
....
S
105
•
11954
....
119%
...
'
107%
107% 107%
107%
107%
....
.
,
.
105%
...
....
....
.
105%
IO.314
....
•
-
.
....
•••»
....
....
103%
103% 108% 99%
103% 103% 100
••••
....
100
....
...»
103
,
....
106% 105*%
165% 105%
105%
105%
106
105%
105%
106
105%
....
103 W
—
108% 103
108% 108
It 8% 108%
....
119%
....
16
105%
.
100%
....
1(3%
105% 103% 103% ICO
105% 103% 103%
104
100% 106% 106% 104
-
119%
106% 106
....
....
STATES.
Merchandise—
.
•
....
•
•
.
.
...
.
107% 105% 106%
106% 106%
1)7% 105% 105%
103
106% 106%
106
198
103% 103%
.
.
.
,
•120%
99% 119%
106% 101
105% 103
100% 120%
102% 99% 119%
106% 104
104
104
100
120%
Consols u.s.
for
5-20, 10-40 5s of
New
1881. 4 %*•
44
44
44
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
94%
93%
91
94
94
103
107%
307%
3-16 107%
5-16 107%
108% 108*% 106% Oct.
108% 108% 106
108% 108% 105%
44
44
108 i. 108
105%
108% 108
105%
44
108% 105%
108% 105%
103
105%
4b
S.
94 7-i6
9* 11-16
K'7%
107%
94%
107%
5)4 5-16 107%
Date.
14
44
..
108%
108%
108%
108%
<4
44
Consols U.S.
for
5-2.1, 10-40 5s of New
1881. 4%s.
Money. 1867.
20
S....
21 93 13-16 107% 108
106%
22 93 13-16 107%’ 103
106%
23; 93 15-16 107% 107% 106
24 94 3-16 107% 107% 105%
25 94 1-16 107% 107% 105%
26 94%
107% 107% 106
27
S.,..
28 94 3-16 107% 107% 106%
29 94
107% 107% 106%
30 94 5-16 107% 107% 106%
31 91 9-16 108% 108
106%
105%
105%
105
104%
105
105%
105%
105%
105%
105%
S..
108
Open
94%
108% 108% 106%
94%
107% 107% 107% 104% Highest 91 11-16 108% 108% 108% 106%
94%
107% 107% 107% 104% Lowest 93 13-16 107% 107% X5% 104%
91%
107% 107% x6*4 105
Closing 94 9-16 108% 168
xQ% 105%
94 3-16 107
107% 106% 105
8 th. !
94 5-1 e 107% 108
H
97
11-16 109% 111% 100% 107%
106% 105%
19!,94 5-161107% 1081% 106% 105% QQhs 1 L 93 13-16! 105% 104% 103% 102%
94
94
;i05%
107% 105%
107% 105
7-16 107 */, 108
7-16 107% 108
.
.....
44
108
44
44
.
Exports
Imports
September.
Nine Months.
September.
$50,290,322
Nine Months.
34,781,983
371,314,249
$209,130,487
$15,508,339
$54,460,334
$21,955,628
$3,033,611*
$42,823,854
18,117,074
$57,924,803
37,399,541
$533,729,118
324,598,631
Excess—exports.. $20,523,267
Excess—imports
Specie—
Exports
b $853.9^5
Imports
1,577,685
Excess—exports..
Excess—imports..
22,277,583
$
$
923,703
Total Merchandise and Specie-
$58,578,793
$425,774,583
3,S40,382
$
RAILROAD
AND
MISCELLANEOUS
STOCKS..
The stock market showed considerable steadiness in
the early part of the month, but under the
manipulation
-1577.-
$24,706,780
321,960
756,771
$555,6.34,746
346,876,219
$53,373,933
$498,598,437
38,622,365
389, *31,323
of the money
market,
seriously depressed, and
when they took a sharp
ment that the Treasury
bonds on presentation.
referred to above, prices were
reached low figures by the 14th,
upward turn on the announce¬
Department would pay called
In the last part of the month
the attention of the market was engrossed writh the
movements
in
Western
Union
Telegraph, which
advanced to 102 on the reports of a coming distribution
of the stock held
by the company.
following table will show the opening, highest
Excess-exports.. $19,6)1,554
$208,8)8,527
$14,751,563
$79,167,114
Excess—imports
lowest and closing prices of
railway and miscellaneous
stocks at the New York Stock
INVESTMENT SECURITIES.
Exchange during the
months of September and October:
The dealings in government securities
during October
were not, relatively
RANGE
STOCKS
SEPTEMBER AND OCTOBER.
speaking, of large volume. The
disturbances in gold and money, and the unsettled condi¬
-September.October.
tion of affairs abroad, as well as the advance of the Albany & Susquehan. *80
83
81
83
*82
80
*79
83%
Bur. C. Rao.& North.
23
2i
22*4
22*4
22%
22%
season here, were all unfavorable to a
Central of N. Jersey.
33
33
36
38%
36^
36%
26%
large investment Chicago & Alton
29%
*80
85
83
84
84
'....
38,977,229
The
OF
IN
-
....
demand for governments.
Railroad bonds were
do
do
do
pref.
Chicago & Northwest
do
pref.
Chicago & Rock Isl’d
railroad property, there is a renewed demand for rail¬
road bonds for investment.
A list of low-priced bonds
Clove. Col. Cin & Ind.
Oleve & Pittsb’g, guar
Coluinb. Chic.
I. C.
Del. Lack. & Western
given in the Investors’ Supplement
not with the
of October 26,
definite advice that investors should
pur¬
chase those securities, but with the
suggestion that thev
appeared to be worthy of investigation, and that, under
the advice of well-informed
brokers, some of the bonds
named
might be found
a
safe and profitable purchase.
CLOSING TRICES OP GOVERNMENT SECURITIES IN
OCTOBER,
<—68,1881—. <—5-20s, Coupon—,,—10-40s—,
Oct.
reg. cuup. ’65 n. 1857. 1868. reg. coup.
1
107%
108%
2
10107%
106%
107%
135%
106%
f4
107%
10:% 106
0..108
107%
1C6
•••
....
...
....
5s,’81.
coup.
4*4s,’91-^ 4s,
reg.
coup.
cou.
103% 103% x99%
103% 100'
103% 103% 103% 99%
105%
103% 99%
....
ICO
6s.
cur.
•
Erie
do $4 assess paid...
do pref
do $2 assess, p»-id...
Eannibal & St. Jos...
do
do pref.
Harlem
Illinois Central..
Kausas Pacific
Lake Sh. & Mich. So.
Louisville & Nashv
...
..
Mo. Kansas & Texas.
Morris & Essex
Nashv. Chatt. &St. L
New Jersey
New Jersey Southern
N.Y.Cent.«£ Hud. lliv
•
•
•
108%
27%
64%
34%
64%
117%
♦
Price bid.
101
108%
32*4- 27%
71%
61%
42%
72%
119
33%
64
34%
79%
*3%
52%
79%
....
•
•
•
•
*28
.
.
.
.
....
*1
111%
t Price asked.
84*/,
4%
5%
56%
fc5
55%
55%
62
63
58
12%
62%
13%
63
14 a.
13%
14%
19%
10%
...
•
.
.
.
.
28
.
138%
83%
82%
33
84%
31%
67%
41*4
74%
Xl!2% xll5%
29%
31%
83
80%
3%
4%
43%
51%
36%
68%
50%
35%
+ 139
*80
68%
118%
33
40
5
.
....
.
....
....
13%
(45
136%
78
4%
15%
15%
39% *33%
136*4 *136
82%
82%
4%
4%
69%
64%
36
36
72%
68%
4%
2%
S5%
31%
S2%
127%
127%
1
1
*1
11*1%
114
1J5
.
68%
*34
71%
3%
85%
69
35
,
32
.
1534
40
106%
83
12%
70%
35
71%
3%
84%
.
28
31
.
.
71%
4%
84%
113%
17%
22%
14%
18%
29
13%
39
64%
70
*35
70
*136%
79%
4%
11%
35
65
3%
30
127%
127%
4%
81%
30
•
•
114
.
..
14%
36 >4
135
74
79
29
*1
112
64
56%
16%
+33
71%
118%
*
68%
42%
74%
*80%
*102%
29%
3%
13%
65%
41%
32%
102
103
4%
28
....
x68
118%
33
113
31%
41%
79%
104%
84%
•*4%
f..
.
31%
x67%
71%
116%
85
14%
*101
112 % *112
....
28
.
105% 103%
101%
112%
28
Dubuque & Sioux C.
Michigan Central....
1878.
*83%
pref.
Chic. Burl. & Quincy
Chic. Mil. & St. Paul.
generally quite strong in prices, on
a moderate business.
With the higher prices for stocks
and the gradual recovery of confidence in the value of
was
.
....
99%
S
105%
.
.
....
...
103% 103%
103%
....
....
,
excess
-1878.-
m
....
.
....
•
....
•
105%
107% 107% 102% 105%
105% 105% 105% 103
102%
107%
105% 103% 103
107%
107% 105%
105% 10:%
108
107% 108%
It 5% 103% 103%
105%
106%
105% 103%
....
•
....
....
...
Money. 1867.
of
EXPORTS AND IMPORTS OP THE UNITED
Exports
Imports
%
.
•
•
CC
of $79,167,114 in the same period of
following is a summary of the movement of
both specie and merchandise, all in
specie values:
.
•
•
99%
103% 109
103% 100% 119%
103 % 99%
....
The
1877.
.
....
106% 106%
....
107% 106%
105% 107% 106
....
Date.
figures of the foreign trade movement have
been reported by the Bureau of Statistics
up to the close
of September, and for the nine months of the calendar
year.
The excess of exports over imports in September
(specie and merchandise both included) was $19,601,564,
against an excess of $14,751,568 in September, 1877.
January
against an
105%
.
105% 103*4 103%
105%
....
...»
CLOSING PRICES OP CONSOLS AND U. 8. SECURITIES AT LONDON IN OCTOBER.
The total
excess
.
••••
Openingl07% 407% 103
105%
Dig host. 109% 198% 103% 106 %
Lowest.. 107% 10.% 102% 105 %
Closing. 108% 108% 102% 106%
((
The total
.
107% 107% 103%
@6
5 '©,6
.
•
•
.
31..
18.8H9.700
211,096,700
39.962.500
•
....
28..
2L
30.
19.860.500
208,144 69!)
40,729.109
@7
THE
Oct. 26.
105% 107% 106%
103
..107% 103
107%
107% 107% 103
NEW YORK CITY BANK STATEMENTS IN OCTOBER.
Oct. 5.
6s.
cur.
•
r*
t
[Vor* XXVIL
109
•
•
•
•
111%
November 2,
THE
1878.]
September
,
do
—Octc her.—
Sept. 2. High. Low. Sept/.O. Oct. 1. High.
V. Y. Elevated
N.Y. N. Haven & H..
Ohio <fe Mississippi...
....
+160
159
7%
pref.
8%
95 %
..
*f ’
14%
125
100
124
101*
100
1
*79
95%
159%
8%
x98%
124%
99%
*100
*1
*93%
*100
+2
do
do
do
*5”
*6%
5
4%
pref
do
do
1st
Union Pacific
Wabash
101
2
5
#•»
pref.
St.L.Iron Mt.& South
St.Lonis Kaus. C. & N
St. L. & S. Fran
15
124’*
20%
pref
21
•
•
•
20%
5%
64
66%
7%
•
.
.
•
•
Statement, by Customs Districts, showing the values of mer¬
imported into, and exported from, the United States
during the month of September, 1878:
chandise
,—Expc rts.—
Imports Dom’tic
For’n
....
Customs
Districts.
*2
*5
5
7%
4%
20%
11%
4%
1%
3%
.
.
,
,
.
,
.
,
....
6%
...
66
66%
•
•
97%
100
2
5
9
66%
18%
7%
13%
120%
96%
22%
2%
8
....
15'% *158%
13%
5%
4%
20%
o’’
8
67
«v*
•
20 %
*3%
2%
pref
*6%
4%
+85
85
*153%
S%
8%
+15%
66%
19%
451
IMPORTS AND EXPORTS FOR SEPT., 1878.
\
Low. Oct.31.
85
159
7%
15^
1*25*"
Panama
Pitts. F. W.& Ch., gna
Rensselaer & Sara
St. L. Alton & T. II.
158
CHRONLCLE.
$
Al’xdria,Va.
3,470
,
....
,
...
...
•
•
3,493
•
V38
,
n
.
$
$
8, ‘2 H-
3,240
Nantucket,Ms
....
Natchez, Miss
....
-
Newark, NJ..
N
....
,
Imports. Domestic For’n.
Mobile, Ala...
Montana, &c..
....
An’polis, Md
Ap’chcola, F
Aroost’k,Mi
Baltimore
$
$
Alaska, A.T.
Al’mrle, NC.
Expo rts.
/
Customs^
Districts.
$
-
1,6-30
152,540
18
363
46:
Bedford, Ms
134
1,453,27s- 6,634,934 15,806 Nburyport,Ms
14%
18%
14%
18%
19%
17%
Nw Haven, Ct
Bangor, Me
16,936
85,078
4,716
Warren
78
78
N London, Ct
B’stable, M’s
Bath. Me.
566
N Orleans, La
Miscellaneous.
350,552
927,754
5,815
Bea: fort,NC
Newport, R.I.
Pacific Mail
17
18
CJQ X
15
18%
18%
13%
15% Beaufort, SC
New York,NY 25.2'0,491 31,536,621 566,S8i
90,887
American District Tel
20
20
+20
*20
20
20%
*19% Belfast, Me
213.184
645!
Niagara, N.Y.
17
Atlantic & Pacific Tel
31
27
28
23
25
i/»
*27%
23
*
5 272
Boston, M9.. 3,132,952 3,442,925
Norfolk, Va..
Gold & Stk.Telegraph
9,100
64
64
*63
230 Oregon. Or...
200
Brazos, Tex
13,050
3,185
4,596
Western Union Tel
92
97
102
97%
92%
97%
86%
101%
Bridget’nN-l
3,075
57,53>
O’gatchie, NY
700
49,811
Canton
*16
19
13
*18
*18
19
*21
25%
Br’l&W’nRI
Oswego, NY.. 1,0'8,066
107,479 10,253Consol. Coal
*25
25
25
*25
*25
«<)
25
Brunsw’k Ga
U7
Pamlico, NC..
32,17 7
1,830
Mariposa L. & M...
3%
1*
3%
3%
3%
2%
Buff Crk.NY
231.198
P del Norte, T
6,791
11,076
27,834
do
prf....
2%
3 /z
ay2
m
3%
2%
Burl'ton, N«1
58,343
iso
P'quoddy, Me
Ontario Silver Min’g
91,026
41
30
38%
39%
40%
38%
*i9%
C V inc’t, Nv
1 1,132
P. River, Miss
16,694
10,141
13
12
+ 14
Quicksilver
13
*i23^
12%
12% *12
Castine, Me.
1,025
Pensacola, F..
do
18,9 63
*33
33
pref
33*
33%
*-i3%
33%
32% *31% Chmpl’n,NY
24 P.Amboy, NJ.
173,859 152,684
3,292
Adams Express
3,219
*105
10+
106% 105
*197
106%
109% 106
8,661
CharDtiiv SC
251,869
Petersburg,Va
American Express...
+50
50
*19
50%
48%
48
49%
47%
Ch’stone, Va
Philadelphia.. 1,697,267 4.814,898
2,047
Un. States Express...
49
50
*49
49
♦49
50
47% *4->%
Chicago, Ill.
39,07ti 575,027 4,359 Plymouth, Ms
Wells Fargo Express.
*90
93%
90% *93% *91%
95
97%
97% Corpus Chris
4.38'
Port
31.056
5,470
and, Me..
Del. & Hud. Canal...
581,
100,414
53
6,743
48%
52%
46
52%
52%
43%
1 Po’mout'i, Nil
1.544
75,195
5,794
Cuyahoga, O
Pullman t alace
*71
76
*76
75
73% *15
75%
*74% Delaware, D
Providence.RI
3,323
Manhattan Gas
150
150
*148
D< troit, M’h
141,014 421,515 6,927- Pt. Souud, WT
1,166
52,523
New York Gas
80
80
Duluth. Min
2,253
6,610 1,3.8: Richmond, Va
5,76?
29;, 156
l
Dunkirk NY
*
Saco, Me...
Prices bid. +
Prices asked.
1 S. Harbor, NY
EastDist,Md
| Salem, Mass..
Edgart’n,Ms
1,000
GOLD AND EXCHANGE.
21
Erie, Pa....
3,923
7,585
Saluria, Tex..
1,291
1,041’
64>
San
6
Fairfield, Ct
6,371
Diego, Cal
1,130
F. Riv. Mass
648
1,883
21,196
Sandusky, O.
The chief interest .in the
was limited to Fernandina.
2,262
S.Francisco,C 2,573,614 4,386,305 64,946
5,389
F. Bay, Me.
320
5 6,379
105,654
Savannah, Ga
the week
when
purchases of gold Galvest’n,
S. Oregon, Or
T
4,362
Genesee.NY
25.851
51,267
St.Aug’tine.F
made at a time when the
called in
8694
StMohn s, F..
George’n.DC
2,408
G
on account of
5,562
St.Mark’s, F.
jorge’n,S C
sales, a
of cash Glou’ter,
187
Ms
9,007
St.Mary’s, Ga
10,400
GtEIIar, NJ
Stonington Ct
was
to
As Huron,
Mich 116,338 881,414 8,282 Superior,Mich
4,015
19,919
165soon as it was
Tap’nock, Va
out
could Kennebk,Me
is Teche, La
25,025
Key West, F
70,106
L E liar, NJ
Vermont, Vf.
291,20'.
106,342
pay
on
the
fell Machias,
Me
2,443
Vicksb’g Miss
833
126
66
Wal’boro, Me
off, and at the close
13,050
was 100^.
Silver in London Mar’head, M
139
Not r eported
Willamelte.O.
Miami, Ohio
415,091
declined to 49^d. per oz.
Wilm’ton, NC
Mic’gan, Mh
337,330
6,757
M’town, Ct.
Wiscasset, Me
11,180
41,185
Milwank, W
163,8-8
York, Me
the Glas¬ Min’sota,
117,382
880 Yorktown, Va
M.
48,853
...
.
....
,
•
•
•
...
•
....
....
....
..
•
*
•
•
•
•
•
•
•
.•
....
....
27936.4850%@&«,S1
..
....
....
....
....
.
....
...
.
....
•
....
•
•
•
....
.
....
...
I
.
....
.
Sunday
Monday
Tuesday
.
.
.
.
.
t
r
....
COURSE OP GOLD IN
....
Openig. Highest.
-.
dC
£
o
Hi
1
...
.
.
60
days.
Oct. 1..4.80%@4.81
|
....
Saturday
Sunday.
Monday.
Tuesday
.
.
.
.4.80/@4.S0%
@4.80%
•
•
•
•
.
•
•
....
....
...
....
.
•
•
•
-
•
.
....
...
«...
•
.
....
.
•
•
.
.
•
•
©
•
....
..
•
•
•
•
•
•
•
•
...
....
...
....
•
•
•
•
•
•
•
•
...
....
.
....
.
.
....
.
..
...
•
•
•
•
*
$216,867.
The following are the totals for the month of Sep*ember:
Imports...$37,399,541 I Domestic exports.$57,220,624 1 Foreign exp’ts. $914,248
Speeie value of domestic exports, $57,010,560.
Comparative statement of the imports and exports of the
United States for the month ended Sept. 30, 1878, and for the
niae months ended the same, compared with like data for
the corresponding periods of the year immediately preceding:
value0.—Corrected to October 29, 18'8,
1878.
1877.
Month
9 Mos.
Month
9 Mos.
»
•
..
....
.
Openig.
26
27
28
29
(t
1877...
1876...
1875...
1874...
1873...
1872...
ii
ii
1C
CC
...
100%
CC
100%
100%
100%
a
100%
cc
1871.A
ii
1870...
1869...
1868...
Ct
cc
100%.
1867..
1866
44
100H
1865!!.'
44
100%
1864...
44
1863...
100%
44
1862...
100%
100% Since .Tan. 1, ’78
44
S
4.84%@4.8?H
4.84%@4.85%
4.84%@4.85%
4.84%@4.85%
4.84%@4.85%
4.84%@4.85%
4.84%@4.85
4.84%@4.85
4.83%@4.84%
11?
114% 117 % |ll6%
uo% 109% 110% U0%
111% 107% 111% 11 %
1’4
112% 115% 112%
112
114% 111% 115
113% [111% 113% 111%
130
128% 132 129
140% *33% 140% 133%
143% 140% 145% 140%
146
145% 154% 146%
141% 144% 149
192
1'9
227%
149% 145% 156%
121% 1*2 133%
102% 100% 202%,
“
.“
“
“
“
“
Merchandise.
146%
223%
145%
129%
Exports—Domestic
Foreign
Total.
of
ended
$57,924,80S $533,729,113 $56,29322 $425,774,583
37,399,541 314,593,631
31,781,983 371,314,219
Imports..
Excess of exports over imports
Excess of imports over exports
Exports—Domestic
Foreign
$20,525,267 $209,130,487
$15,508,839 $54,460,334
$262,794 $16,258,315
391,191
5,697,313
$2,233,416 $33,005,799
$653,985 $21,955,623
1,577,688
22,277,583
$3,083,611 $42,823,854
3,840,382
18,117,074
!
Total
Imports
Excess of exports over imports
Excess of imports over exports
Total Merchandise and Specie.
Exports—Domestic
Foreign
Total
844,195
9,818,055
$24,706,780
$923,703
$321,960
$756,771
$57,273,354 $539,524,757 $51,556,203 $450,191,217
1.305,139
16,159,989
1,617,730
18,407,220
Imports
$58,578,793 $555,684,746 $58,373,933 $468,598,437
38,977,229 346,676,219
38,622,365 38y,431,323
Excess of exports over imports
Excess of imports over exports
$19,601,564 $.08,808,527 $14,751,568 $79,167,114
100%
GAS STOCKS IX
1878.
3
ended
days.
4 85% @4.85%
4 85%@4.86
4 85% @4.86
...S.
80%
81
82
82
4 80 @4.86%
4. 86% @4.87
4 87%@4.88
4. 87% @4.88
4. 88 @4.88%
4. 88 @4.88%
GREAT BRITAIN.
The movements in gas securities during the past
eighteen
months in Great Britain have been very similar to movements in
the
..
•
same
year ago
,
September. Sept. 39.
S ptember.
Sept. 30.
$57,01",560 $523,266,412 $49,316,787 $417,185,413
914.248
10,462,676
773,535
8,589,165
class
of stocks in
this
country. Rather more than a
lighting by electricity first began to have an important
influence upon the prices of these securities in England.
Previous
to that time prices there had reached a
25. 4.82 @4 82%
very high level*
26..4.82 ©1 32%
and the late of interest realized by investors
scarcely exceeded 4£
27
....S
28..4.83 m. S2% 4. 88*‘@4.88% or 4f per cent.
A
sudden
pressure upon the market, amounting
29..4 82 m 82% 4 88 @4 88
to almost a panic, then ensued,
30..4.82 @4. 82% 4. 88 @4.88%
owing to the attempts of holders
31..4.82 m. 82% 4. 87%@ i .88
to realize on these securities to an extent which the market,
4.77%@4.82% 4.83%@4.88% being non-speculative, was unable to absorb.
Prices, in conse-
“20
4.83%@4.S4
4.83%@4 84
4.84%@4.84%
4.85%@4.S5*
100%! 100% 100%
ioo% i ioo% 10:)%
ioo% 100% 100%
100% 100% 1C0%
100% 100% 101% 200%
103% 102% 103% 102%
110% 103% U3% 109%
“ 2l..4.79%@4
“
22..4.80%@4
“ 23..4.81%@4
“ 24..4.81%@4
“
o
O
60 davs.
4.83%@4.84
S....
tc
Oct. 17..4.79 @4 79%
“ 18..4.79%@4 80
“ 19,.4.79%@4 SO
-
a
100% ioo% io:% 103 %
October, 1878..
of
tc
o
xt
100%
100%
Wednesday.. .30 100%
Thursday \... 31 100%
3 days.
4.80%@4.81
@4.79%
.
....
•
specie
Date.
100% 100% 100% 100%
....
Range
.
....
OCTOBER, 1878.
Closing.
Q
.
4.77%@4.7-5%
.
•
....
BANKERS’ STERLING EXCHANGE FOR
OCTOBER,
13
14.
••
v
...
8
....
...
.
.14 101% 100% 101%
Monday
100% 100% 100%
Tuesday
Wednesday.. .16 100% 100 X 100%
Thursday.... ,17 100% 100% 100%
Friday
100% 100% 100%
.19 100% 100% 100%
Saturday
.20
Sunday
.21 100% 100% 100%
Monda'y
.22 100% 100% 100%
Tuesday
Wednesday.. .23 100% 100% 100%
.24 100% 1)0% 100%
Thursday
25 100% 100% 100%
Friday
5.
6
•
,
....
.
.
.
....
8 100% 100% 100% 100%
Wednesday.. 9 100% 100% 100% 100%
Thursday... .10 100% 100% 101
100%
.11 101
Friday
100% 101% 101%
Saturday. ... .12 101% 101 101% 101
.13
Sunday
.
•
...
....
|
•
.
...
1 100% 100% 100% 100%
2 100% 103% 100% 100%
3 100% 100% 100% 100%
4 100% 100% 100% 109%
5 100% 100% 10J% 100%
6
•
•
•
.
....
....
After
gow Bank failure rates declined slightly, and subse¬
quently prime bankers’ sterling bills were quoted on the
14th, at the time of the gold corner, at 4.78^ for GO days
and 4.84 for demand. From these
figures there was a
until
was
asked
for 60-days’ bills
steady advance,
4.824
and 4.8S-J for demand.
Tuesday
.
k
Foreign exchange fluctuated widely.
Wednesday..
Thursday....
Friday
Saturday
....
....
Treasury
$3,000,000
Syndicate bond
scarcity
gold
produced and the price advanced
lOlf.
given
that Secretary Sherman
called five-twenties
presentation,
price
gold
i
....
...
_
gold market
preceding the 14th,
by
Date.
....
-
452,
THE
CHRONICLE.
[VOL. XXVII.
fell from 15 to 20 per cent and, although there was after¬ almost
impossible. The present alarm has not been caused by
momentary rally, a declining tendency prevailed until business of recent date. It
originated several years since, and it
About three months ago when another severe
relapse took place- is to be regretted that the collapse was so long
delayed. For
Since then they have been
very depressed, and, with the slightest some years past, there has been a
process of weeding out of firms
pressure to sell, prices have at once given
way sharply whose speculative fancies have received
strong encouragement
Within a month, moreover, advices from the United States
from some of the banks; and it is to be
hoped
that a long time
with regard to the
improvements effected in the electric light,' will elapse before a bank will afford such
by which it could be utilized for domestic purposes as well as on Some of the banks are much to blame injudicious assistance.
for the present state of
a large scale, have
again alarmed investors, and the attempts to' affairs, but, unfortunately,
they have now reversed their conduct,
realize have not only produced a further
very serious fall in and are closing their tills, to the injury of the bona
fide trade. If
prices, but have, in fact, rendered some issues almost unsalable. the banks,
by unwise management, assist a crisis by indiscrimi¬
Thus, within the short space cf less than two years, there have nate
lending, they should, when the crisis arrives, do their utmost
been three successive panics,
duriDg each of which prices have to allay it. Their policy is, however, to rush from one extreme
fallen from 15 to 20 per cent, so
that, compared with the highest to another, which is to their own
injury, as it is likely to produce
points touched iu 1877, there is a fall of from 50 to 60 per cent, trouble in
quarters comparatively free from difficulty.
It also
as may be seen from*the
following, showing the capitals of the tends very strongly to restrict our
already diminished trade.
more
important undertakings in Great Britain, and, also, the Difficulty or uncertainty in
procuring loans or discount accommo¬
highest prices touched in 1877, compared with the prices at the dation must
necessarily make merchants cautious; and, in times
commencement of the year, and
closing quotations of October like the present, there is obviously no hope of a revival of
11,1878.
financial enterprise.
Should we enjoy a week or two of
Am’nt
-Prices.
Fall,
innmunity
from
failures
of any importance, some of the
of
Total
Total
Iligh’t Jan.l, Oct.11, comp'd
large
Share. Amount. Capital.
1877. 1878.
1876. with’77.
supplies
of
gold
which
have
been
sent
into
the
Commercial
provinces
and
£100 £550,000 £635,000
215
186
160
55
Continental Union...
the sister kingdoms will be
20
400,000 1,0.4,51 0
23
20
15
is
returned,
and
it
8
quite probable
European
214.060
638,000
19
IS
15
4
that when money does show indications of
Gas Light & Coke
100 4,094,810 ] 1
(
221
declining
in price, the
186
160
64
10 p. c. preferential.
100
665,000 -8,101,500-{
fall will be rapid, and there
205
193
235
42
may
II 7 per cents
possibly be a long period of
1,300,000 j
187
( 155
115
40
100 2,800,000 2,800,000
Imperial Continental.
cheap money. The foreign exchanges are still strongly in our
2.0
182
155
65
London
100
386,500 )
1
186
160
2 6
56
favor and gold continues to be received from the
OOUjUl/U"f
1st preference
10Q
150,000 j
Continent; but,
i 143
133
115
28
Phoenix
540,000 J 1
(
45
38
33
owing
to the large supplies of sovereigns sent to the provinces,
12
Capitalized
100
144,100 -2,014,378108
103
95
i3
the stock of bullion held
80
7»4 p c. new max..
l(
288/00 )
by the Bank has been diminishing of
128
137
110
27
South Metropolitan..
50
200,000
48°,COO
112
110
92
20
late,
but,
since
the
crisis
S arr ey Coneu mere’...
commenced, to the extent of only
10
160,000
22
290,000
18
15
7
£500,000. The quantity of coin sent to Scotland and elsewhere
has been about £3,250,000, or at the rate of
£1,000,000 per week,
quence,
wards a
✓
*
.
,
,
.
'
..
.
..
"
i
.
.
.
"
Qfift nrn
.
..
.
t
.
.
.
©vramevciat English JXzws
and the circulation of notes has been increased from
£26,850,375r
£30,131,954.
A lengthy and, it seems, exhaustive
report of the position of
the City of Glasgow Bank has just been issued
by the lawyers
and accountants, and it is a very unfavorable document. It leads
to
RATES OF EXCHANGE AT LONDON AND ON
LONDON
AT LATEST DATES.
EXCHANGE AT
LONDON—
EXCHANGE ON LONDON.
OCTOBER 18.
„
LATEST
ON—
TIMS.
KATE.
Paris
short.
25.30
Pari s
3 mos.
25.50
20.78
Berlin
a
Hamburg
Frankfort
4%
....
II
Antwerp
Amsterdam.
Amsterdam
Vienna
Genoa
St. Petersburg.
short.
3 mos.
..
...
**
28.32y, @23.3714
23 7-L@23 9-16
U
•
Madrid
•
@20.82
20.78 @20.82
20.78 @20.82
25.60 @25.65
12.2i/t @12.334
12 5* @12.6>*
12.1734@12.2214
44
Constan’nople.
•
•
3 mos.
46J4@46%
Alexandria....
New York
Rio Janiero...
Monte Video..
Baenos Ayres.
Bom Day
Calcutta
....
©25 40
@25.60
....
,
,
•
60
•
•
m
•
••
m
r
•
days.
44
Hong Kong...
m
Is. 6 13—16c?.
Is. 6 13-160?.
•
Shanghai
DATE.
TIME.
Oct. 18.
short.
•
•
•
•
•
our own
•
25.35
•
Oct. 13.
short.
Oct. 18.
Oct. 18.
Oct. 18.
Oct. 18.
3 mos.
20.47
ehoit.
20.47-
•
•
4i
44
20.47
25.36
12.05
-
•
Oct.
Oct
Oct.
Oct.
Oct.
18.
18.
15.
15.
15.
Oct. 16.
Oct. 18.
Sept. 24.
Sept. 16.
Sept. 15.
Oct. 17.
Oct. 17.
Oct. 16.
3 mos.
short.
3 mus.
44
14
44
60
90
days.
days.
44
6
Oct. 16.
LFrom
•
RATE.
mos.
ii
44
4 i
118.00
27.45
24 1-32
109
47.70
95%
4.80
23 J*
4.70
4 8S
Is. 7\d.
is. 7%<2.-1 7 15-16
3s. 8%d. per d dl.
5s. -id. pr. tael.
correspondent.!
London, Saturday, October 19, 1878.
This week’s Bank return shows
changes of an important
character, but they are not of a nature to engender alarm. The
principal cause affecting it is the distiust which prevails, which
'
has induced the majority of, if not all, the banks to
strengthen their
position, while the mercantile classes have, as far as
practicable,
been
pursuing
similar policy.
The applications for money at
considerable, there being an increase of
£2,094,584 in “other securities”; but, on the other
hand, the
total of “other deposits” has been
augmented by £1,354,362,
increasing it to £27,321,433, which is nearly £7,000,000 more than
at this period last
The supply of bullion shows a
year.
falling
off of £800,610, and there is an increase of
£884.220 in the circula¬
tion of notes and of
tbank post bills ; the result is that the
a
the Bank have been
total
reserve
The totalis
has been diminished
reserve
is
now
by as much as £1,697.645.
only £8,517,315. The supply of bullion
£23,354,145, and the proportion of reserve to liabilities has
declined from 33'58, to 27 69
per cent.
In spite, however, of
thess alterations, not only is there no
excitement, but a better
feeling prevails, and there is a very general disposition shown to
believe that the worst has now been ascertained.
The difficul¬
:o
the conclusion that tlie affairs of the bank have been
grossly
mismanaged, the directors having, on a moderate and favorable
estimate, lost £6,200,000, being the whole of the paid-up capital and
reserve fund, together with
fully £5,000,000 in addition. And
yet the directors have had the courage to pay high dividends
when they knew that for years they had been insolvent. A
meeting of the shareholders is to be held in Glasgow on the
22d inst.
Considerable interest has been attached to the
half-yearly
meet¬
ings of the principal Indian Banks, owing to the statements
which have been circulated
as
to the extent that these institu¬
tions have suffered
by the suspension of the City of Glasgow
Bank, and the large commercial failures following upon that
event.
It would appear, however, that the losses are not so seri¬
ous as had been anticipated, and that
they are, in most instances,
covered by good securities. At the meeting of the Oriental Bank
Corporationj the chairman stated that the Bank had between
India and Ceylon about £71,000 of bills drawn under
marginal
credits for the Bank of Glasgow, for which that bank was, of
course, responsible, and they also had recourse to the Eastern
Houses, so that between the two they had not the slightest
doubt that they would receive
every penny, andjalthough there
might be a temporary delay, it was usual in such cases to pay 5
per cent interest, which they hoped to receive.
With regard to
the Chartered Bank of India, Australia and
China, the directors
of that undertaking said at the
meeting that they held of the
City of Glasgow Bank’s acceptances £70,000 drawn by different
firms, and they believed that these would be paid in full. Hav¬
ing had many transactions with the firms whose failure, had
ensued on that of the City of
Glasgow Bank, it was satisfactory
to Know that ihe bank’s pecuniary interest in
them, irrespective
of these bills, was very
trifling, and that they were amply
covered by securities which would work themselves out in the
ordinary course. The bills were all six months’ marginal credits,
and, although a lock-up, were considered a good asset. The
bank
not. interested inHeugh, Balfour & Co.’s
failure; and,
regard to Smith, Fleming & Co., they held only a trifling
amount of that firm’s acceptances, which
were, moreover, fully
covered. At the meeting of the Chartered Mercantile Bank of
India, London and China, the directors informed the proprietors
ties, as was at first surmised, promise to be
comparatively that they held £45,000 credits of the City of Glasgow Bank, of
-local, and there already seems to be some confirmation of the which
£19,500 were incurred in Ceylon, but which were provided
-assertion that, owing to the careful
trading which judicious firms for by certain assets. There were also bills for £10,000 on Ran¬
have resorted to for some years
past, widespread disaster was goon and £15,000 on
Bombay; but they were well covered, and
with
was
THE CHRONICLE
November 2,1878. j
ro
loss beyond
453
little delay was anticipated.
The wheat trade continues very dull, and,
With regard to
although there is the
Smith, Fleming & Co., they held ample security and "they did not usual consumptive demand, supplies are so liberal
that, in some
anticipate the loss of a shilling ; while as to Heugh, Balfour & instances, a further decline in prices has taken
place. The
Oo., they held that firm’s bills to the extent of £18,000, but as quality of the
English supplies is still very indifferent, and there
every bill, in addition, bore a first-class indorsement they did not is the same
complaint in France with regard to French produce.
believe that there would ultimately be any loss.
France is now procuring large supplies of Russian wheat at
a
There has been
settlement
a
on
the Stock
Exchange during
Marseilles.
the
week, resulting in six unimportant failures. There has conse¬
quently been some increased demand for money; but the banks
have been reluctant to lend, and the pressure at the Bank of
England has been considerable. On Monday, the Bank rate was
increased to six per cent, and there was a protracted
sitting on
Thursday at which, no doubt, the state of the Bank account was
keenly criticised, and possibly the expediency of further increas¬
ing the rate discussed. There is very little accommodation
obtainable under the Bank rate, there being a fictitious
scarcity of
floating capital. The present quotations for money are as
follows:
Fer cent. ]
Bank rate
6
|
Open-market rates:
SO and 60 day s’
3 months’bills
Open-market rates:
4 months’bank bills
I
bills
6
6
@... I
@... !
Per cent.
6 @...
6 months’bank bills
5*®6
4 and 6 months’trade bills. 6 ©7
Annexed is
4^
4%
4*
showing the present position of the
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 House return, compared with the four
pre¬
Bank of
vious years:
1877.
£
1876.
£
1875.
£
1874.
17,802,925
3,717,820
24,025,367
15,266,095
16,107,468
20,308,583
27,440,950
3,561,427
21,920,053
14,740,156
19,336,171
9,478,439
19,396,451
10,255,654
9,425,229
22,782,936
33,357,501
24,080,084
21,456,594
Circulation, including
£
bank post bills
30,131,954 28,654,853 29,362.482 29,249.844
deposits
3,156,132
5,147,5.0
Other deposits
27,321,433 20,629,635
Government securities. 16,937,672 15.718,604
Other securities
23,024,350 18,575.244
notes
and
8,517,315
Coin and bullion in
both departments
23,351,145
...
Proportion of
5,422,087
29.857,947
reserve
to liabilities.
Bank-rate
27-69
94*
English wheat,av.price
Mia. Upland cotton...
No. 40 mule twist
94*
52s. 2d.
39s. 9d.
54-S6
2 p. c.
94
46s. 2d.
43s. lOd.
7 15-16d.
6*d.
9*d.
rates of
discount at the
:
Open
Bank
rate,
p. c.
3*
Madrid,Cadiz and Bar¬
5
5
Frankfort
4% ft 4%
4*©4*
5
Leipzig
5
4*@4*
4*
celona
Lisbon and
New York
Calcutta
4
4
4
4
......15,462,613
401,571
14,066,395
Result
15,061,042
Aver, price of Eng. wheat for season 42s. 1 Id.
home-grown produce
.
6
Copenhagen
Open
p. c.
5
@6
4% 4*;a4*
6
Oporto....
6
6^7
4@5
4
10,114,512
720,006
775,571
6,981,000
5,751,000
290,520
12.753,129
156,104
16,641,083
13,765,8:5
12,597,025
16,583.428
468. 7d.
47s. 4a.
.
58s. Od.
37,655
IMPORTS.
Wheat
1877.
1876.
1875.
7,297,203
1,530,859
5,052,113
1,647,674
1,427,036
122,508
635.788
718,405
20,114,512
1,048,048
1,498,696
68,455
534,539
8,992,^83
838,992
6,643,774
720,006
3,544,438
775,571
149,098
1,606
4,823
1,788
2,85S
55,089
Barley
Oats
1,941.470
Peas
Beans
Indian Corn..
Flour
133,173
5,450,653
660,753
EXPORTS.
Wheat
285,9f 9
18,596
18,021
Barley
Oats
Peas
Beans
Indian Corn
Flour
2,842
2.528
629
1,743
44,691
22,256
13,347
4,521
4,279
25,525
1,210
2,260
81,638
7,066
7,027
2,566
English Market Reports—Per Cable.
the following summary:
London
of
Money and Stock Market.—The bullion in the Bank
England has increased £1,200,000 during the week.
8at.
Mon.
Oct. 26.
Oct 28.
Silver,
per oz
d. 49*
Consols for money.. 94*
“
account.. 94 3-16
4(g>4*
,
Bank of France have also raised their terms.
A steadier tone has pervaded the market for securities.
Specu¬
lation has been dominant, as banking facilities have been much
steady demand for invest¬
ment, the present being regarded as a favorable opportunity to
buy. It is probable also that the public will prefer to invest
their money instead of leaving it on deposit with the
banks, so
that the action of the banks in
refusing to lend induces the public
to withhold their deposits.
The supply of American securities
in this country and in
Europe is now quite limited, but the mar¬
ket is not so firm as might have been
expected. Illinois Central
shares have declined considerably, owing to the receipt of lower
prices from New York.
0.8.6s (5-20s) 1867... .107*
0. 8.10-408
107*
U. S. 5s of 1881
U. S. 4*8 of 1891
Erie com stock
Illinois Ceutral
N. Y. Central
Pennsylvania
Reading
Phila &
Tues.
Oct. 29.
59
94 3-16
94 5-16
.
4<2>4*
expected. A sum of £200,000 in gold has been sent to
Germany, but this, being for coinage purposes, is quite an
exceptional operation. The silver market has been very dull.
The Indian exchange is very weak,
only a portion of the recent
of
bills
having
been
supply
Colonial
disposed of at Is. 7d. the
rupee. Bar silver is now worth only 49|d. per ounce. The
market for Mexican dollars has been very dull, and the
price is
quite nominal.
Some gold has been sent to New York during the week
but as
large supplies of bonds are still being exported, there are no
indications at present of any actual drain. United States gold
<join is now selling at 76s. 3fd.
per ounce, and the directors of the
a
5,0:2,113
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the last of September to the close of last
week, compared
with the corresponding period in the three
previous years:
6<&7
are
curtailed of late ; but there has been
cwt.
The
mark’t.
Gold continues to arrive in considerable
quantities from Paris,
and as the exchange is now strongly in our favor, further remit¬
7,297,203
838,992
5,935,200
1875.
cwt.
„
The daily closing quotations in the markets of London and
principal Liverpool for the past week, as
reported by cable, are shown in
mark’t.
p. c.
4
tances
7,594,454
860,759
7,007,400
Imports of flour
Sales of
Is. 0*d.
rate,
4
1876.
cwt.
Imports of^wheat
97,065,0C0
Bank
p. c.
3
.2#
D. c.
92*
46s. Cd.
3#
Genoa
Geneva
4
94*
St. Petersburg
Vienna and Trieste...
Hamburg
£
4 p. c.
6«4d.
5*d.
7*d.
It’d.
10*d.
10*d.
106,662,000 115,364,(00 101,240,000 90,762,000
*
current
foreign markets
36-27
5 p. c.
6 p. c.
Consols
Pans
Brussels
Amsterdam
Berlin
1877.
cwt.
1878.
1578.
Reserve of
that
Exports of wheat and flour
414
statement
a
60,129 quarters, against 55,318 quarters last year;
estimated
Total
Per cent.
„
it is
in the whole Kingdom
they were
240,520 quarters, against 221,300 quarters in 1877. Since harvest
the sales in the 150 principal markets have been
404,269 quarters,
against 342,413 quarters ; while it is computed that in the whole
Kingdom they have been 1,617,100 quarters, against 1,369,700
quarters in the corresponding period of last season. Without
reckoning the supplies furnished ex-granary at the commence¬
ment of the season, it is estimated that the
following quantities
of wheat and flour have been placed
upon the British markets
follows:
Joint-stock banks
Discount houses at call
Discount nouses with 7 days’ notice.'.
Discount houses with 14 days’ notice
Public
and
/1878.
joint-stock banks and discount houses have increased their
of interest to the extent of only |
per cent.
The quotations
are now as
amounted to
since harvest:
The
rates
During the week ended Oct. 12, the sales of home-grown
principal markets of England and Wales
wheat in the 150
105*
16*
79
Fri.*
Nov. 1.
50*
so yt
94
94 5-16
94 5-16
94 9-16
107*
106*
105*
17*
79
Thur.
Oct. 31.
50*
94*
107*
107*
107*
106*
105*
16*
106
Wed.
Oct. 30.
80*
94*
107*
107*
10h*
108*
105*
18*
81*
10’*
o
19*
a
►>
108
<3
106*
81
....
....
•
...
•
•
•
•
•
•
•
33*
34’*
13*
14
Liverpool 'Cotton Market.—See special report
Liverpool Breadstuffs Market.—
Mon.
Sat.
8.
d.
Flour (extra State).,., tfbb). 21 0
Wheat, spring, No.l W 100 tt> 9 6
do
do No.2new“
7 10
do
winter W. new “
8 9
do
9 0
Southern, new. “
do
Av. Cal. white.. “
9 7
do
Cal. club
“
9 9
Corn, mixed soft, old, # qr. 24
do prime, new
“
23
3
3
d
0
8.
24
9 6
7 10
8 9
9 0
9 7
9 9
24 3
23 3
Tues.
Wed.
d.
s.
8.
24 0
9 6
7 10
9
%9
*
0
7
9
3
6
9
9
24
23
on cotton.
'
d.
d.
24 0
Fri.
9
9 6
7 10
8 9
9 0
9 7
9 9
24 3
23 9
d.
0
6
•
11
S 9
9 0
9 7
9 9
24 3
9
23
8.
24 0
9 6
7 10
8 9
9 0
9 7
9 9
24 3
23
Thur.
s.
e.
24
9
Liverpool Provisions Market.—
Sat.
d.
Pork, Western mess..bbl. 45 0
Bacon, long el’r, new.$ cwt. 31 0
Bacon, short el’r, new
“
32 0
Beef, prime mess
$ tc. 66 0
Lard, prime West ...ty cwt. 35 0
“
Cheese, Amer. choice.
47 0
8.
Mon.
8. d.
45
31
0
6
33
66
0
35
0
0
43
0
Tues.
s. d.
45 0
31 6
33 0
Wed.
8. d.
Thur.
8. d.
45
31
33
0
66
0
0
35
43
45
31
33
68
34
0
6
0
0
6
45
31
33
66
34
47
8
47
66
35
48
0
6
0
0
0
0
Fri.
d.
0
6
0
0
3
0
Liverpool Produce Market.—
Sat.
d.
e.
Tallow, prime City
Spirits turpentine
Rosin,
common
# cwt. 37 6
_
.
..
“
“
Rosin, fine
“
Petroleum, refined... $ gal
Petroleum, spirits....
,.
23
4
10
0
9
0
Mon.
s. d.
Tues.
s. d.
37
23
4
10
37
23
4
10
»
3
0
9
0
•••
•
7*
•
3
0
9
0
Wed.
8. d.
37 3
Thur.
8. d.
37 3
23
0
23
0
4
9
0
4
10
9
10
•
•
•
.. •
•
•
•
..
«
•
•
0
•
•
Fri.
d.
37 3
23 0
4 9
10 0
8.
•
•
• •
•
•
-
•
•
•
•
•
454
THE CHRONICLE
(CmmuevciaX audJXXisoeHaucDUS 2XcujsImports
Exports
and
for
the
Week.—The imports of
last week, compared with those of the preceding week,
show
a decrease in
dry goods and an increase in general merchandise.
The totai imports were $1,563,516, against $4,539,773 the
pre¬
ceding week and $5,704,676
two weeks
29 amounted
previous.
The exports
fVCL XXVII.
may be stopped by a vote of the stockholders.
But none of the
money of the fund can be applied to any other purpose than that
for which the trust was created.
It is as much a matter of profit
as it is a matter of the
protection of their own interests. Some
of the securities they are liable for are not
profitable as investments; others are paying well.
Tbe last sort will, of course,
have the preference.
for the week ended Oct.
to $5,696,537,
St. Louis Alton & Terre Haute
against
Indianapolis & St.
$7,455,993 last week and $6,853,904 the previous week. The Lotlis.—At Indianapolis, October 25, the St. Louis Alton &
following are the imports at New York for week ending (for Terre Haute Railroad Company filed a complaint against the
dry goods) Oct. 24 and lor the week ending (for general •Indianapolis & St. Louis Railroad Company, and other com¬
merchandise) Oct. 25:
panies owning stocks and bonds of ihe last named company,
FOREIGN IMTORTS AT NEW YORK FOB THE WEEK.
by which the former seeks to enforce the existing lease
or regain possession of its road between Terre Haute and Ea9t
1875.
1876.
1877.
1573.
Dry Goods
St,349,on
$'00,498
$924,015
A temporary order was made
$1,153,507 St. Louis.
against the Indianapolis
General meickandioe..
3,781,876
2,100,619
3,944,751
4,1U8,4U9 & St. Louis
Company, restraining them troin paying the other
Totai for the week.
$5,130/87
$2,901,027
$4,873,773
$5,563,518 defendants any interest on bonds held by them, or refunding any.
Previously reported...
277,717,654
214,906,209
268,061,927
232,152,329 money advanced by them.
The complainant also asks for a
receiver of 30 per cent of the gross earnings
Since January 1
o* the road. Bud as
$282,849,541 $237,807,236 $2.0,93',700 $237,716/15
much more of the line operated by the Indianapolis & Sr. Louis
In'our report of the dry goods trade will be found the
imports Company as is 11ece.s3a.ry to pay the expenses of that pari, of the
of dry goods for one week later.
road,
The following is a statement of the exports
The President of the Indianapolis & St. Louis
(exclusive of specie)
Railroad] Com¬
from the port of New York to foreign ports for the week
ending pany issues a notice, November 1,.that the payment of coupons
Oct. 29:
due at this date is prevented by injunction.
The interest guar¬
EXPORTS FROM NEW YORK FOR TIIE WEEK.
anteed by the C. C. C. & I. Company is taken
up,
however, at the
1875.
18’6.
1877.
1878.
LT. S. Trust Company.
For the week
$’,983,536
$3/7vF8
$7,808,369
—
.
.
.
i
..
$5,096,5-8 7
282,942/1.9
.
Previously reported...
Since
January 1.
.
...
2U2,184,906
215,055.980
228/91,403
$206,168,4; 2
$216,784,448
* 236,307,777
Western Union
Telegraph.—In regard
to the reports of
a
stock
distribution to cbn stockholders of this company, the
Tribune report says that. President Green denied that any action
had bean taken by the Executive Committee or that it had ever
been the subject of official discussion.
lie said that such action
$2e8,63),t>6
The following will show the exports of
New York for the week ending Oct. 26,
specie from the port of
1878, and also a com¬
parison of the total since Jan. 1, 1878, with the corresponding
by the Executive Committee would carry no weight, the stock¬
totals for several previous years:
holders alone having the power, and that the
Oct. 1G—Str. Labrador.,
by-laws of the
Havre
.5 franc sil. pieces.
$2,1 (»
Oct. 21—Str. Colon
company provided that special meetings of the stockholders
Punta Arenas....Am.r. gold coin..
£K-i
Oct. 24—Str. Celtic
Liverpool
Mex. fdlv^r dots..
113/81 could only be called by the president upon an application of
Oct. 24—Str. E. B. Souder
Porto Plata
Am. sil
dols
11.0 0
stockholders representing at least one-third of the capital stock
Oct. 2G—Str. Rhein
London
Amer. silver bars.
35,K)ij of the
company.
No such call lmd been served on him yet, nor
Mex. silver dels
15,000
.
Total for the week
($212/81 silver, and $8S9 gold)
Previously reported ($5,090,484 silver, and $5,790,610 gold)
did he know when it would be.
P.evident Green added:
“
It cannot be denied that there is a feeling among
many of
the largest stockholders that the surplus
earnings should be cap¬
italized ; these earnings belong to those who have invested their
$ 212.9 0
10,890,1 .'4
Total since Jan. 1. 1878 ($5,311,565 silver, and $',791,529
gold)..
$11,103/94
.
in the coni’ any, and they have both a legal and an equit¬
right to such capitalization. Those who advocate this proj¬
i 1870
ect believe that the
earnings of the company are ample to pay a
18*15
65.232,517 I 1869
29,248,683 six
1874
per cent dividend upon both the present stock and the sur¬
| 1868
67 942 6'it
1873
1867
4i,3»7>2 plus. At present ir, is only a project, but it is one which will
1872
13(6
ultimately be carried into t-ffbet. The intention ot the projectors
The imports of specie at this port during the same periods have is to
capitalize these earnings before January 1. The company
been as follows :
has earned in twelve years over $36,000,600, ot which $14,250,Oct. 21—Str. Colon
Aspinwall
Gold dust
$2,7(0 000 has been paid in dividends >o stockholders, and a little over
Oct. 21—Str. City of Vera Cruz...Vera Cruz
Araer silver
13,n‘<:0
$4 ,750,000 in interest, discount and sinking fund'on bonded debt,
Amer. gold
2,12»
Foreign silver
154,801 leaving a surplus of $17,000,000. Of this surplus ihe investments
Same time In—
|
1877
1876....
•
•
§ •
•%••••••••••
money
Same time in—
•
•
1871
able
$58,221,222
..
•
1
..
.
.,
....
...
Oct. 21—Str. Ai
Oct. 22— Brig Tula
Oct.
Oct.
Oct.
-Oct.
Oct.
23—Str.
2i—Str.
25—Str.
25—"tr.
25—Str.
Foreign gold
Savacilla
ea
.....Belize
Lessing
Canada
f 2J
2,851
20
40!)
Bremen
Amer. gold
Amer. gold
Liverpool
Amer. gold
Port-au Prince.. .Amer. silver
12/26
2,433
Foreign gold
Oct. 25—Str. Niagara
Gold bars
Amer. gold
Havana
Foreign gold..
Total for the week ($13 ’.8:6 silver, and
$1,346,175 gold)
Previously reported ($10,752,825 silver, and $5,163,666 gold)
Total since Jan. 1, 1878 ($10,936,451 eilver, and $6,823,811
Same time In—
54/49
.
$1,530,001
16,236,291
gold)..$17,766,292
1871
1S7Q
1869
1868
8,574/07
1875
1874
1.2 7
3.000
Same time in—
1876
11.091,163
5,322.555
13,720 787
;
1873
5>206
1872
$8,402,517
111.8 919
14'778.52-S
6,380.791
1867
1866
549
The transactions for the week
at
the
2 870 Ml 4
9 f!l8 58-2
..
Sub-Treasury have been
follows:
as
Receipts.
,
Currency.
$357. COO $1,732,412 77
$397,777 29
Customs.
Oct. 26
“
“
“
*'
Nov.
Coin
,
28
29
30
377.000
1,'13,593 31
2,664,100 62
1,360,147 35
1,793,467 88
692,394 03
250,000
225.000
31
357,000
1
210,000
474,239 58
539,257 69
1,5)0,315 60
66 >,351 97
358/5-3 30
,
Payments.
Coin.
$883,027 21
1.144.452 47
397,154 19
1,P8,073 95
388,713 SI
438,186 26
.
Curren'V.
i 219,978 10
745.587 11
465,54 i
1,308.626
640,688
412,288
76
64
94
23
Total
$1,776,030 $9,416,115 95 $3,914,798 43 $4,419,607 39 $3,792,715 78
Balance, Oct. 25
11 P.082.931 50 45.795.24» 05
Balance, Nov. 1
124.029,440 07 45,947,331 70
Pennsylvania Railroad.—The Philadelphia Time*
the information of
a
says, on
director, that the directors have been hold¬
ing meetings and working upon the proposed funding scheme
since May last.
Their last meeting was held Monday, and the
announcement made that the scheme was
ready to be put into
operation at once. The trustees to be appointed, who will have
the management of the fund and its
object, are five in number—
President Scott, Second Vice-President Smith and
Directors
Henry M. Phillips. Wistar Morris and Daniel B. Cummins. As
the capital stock of the
company is about $70,000,060, the fund,
not permitted to exceed 2 per cent of the
capital, will not go
beyond $1,400,000. No purchases can be made out of the fund
except by the joint order of three of the five trustees. rl he trust
•
Total
“For the
.*!
bonds)
$8,333,333
1.666,667
- 500/00
$8,500/00
'
8 1
341.2.V)
“32,938
499,575
100,0 0
follows:
Add tional lines and \vi es
Purchase of stocks in loan'd lines
Western Union building (in excess of
1,91.8
Amer. gold
Havre...
Etna
5(0
Foreign silver...,
Amer. gold
Foreign gold
Hamburg
Canada*.
Neckar
are as
3,29)
Amer. silver
Amer. gold
Gold bars
Amer. silver
remaining
$8,500,000 the company holds in its
( treasury valuable
stocks and bonds, including
dividend-paying
! over
$6,000,000
of
its
own etock. over $7,000,000 of the stock in
j the Atlantic
& Pacific, and over $1,000,000 each in the Gold &
| Stock and the International Ocean Telegraph Companies, all worth
I more than
they cost/’
i
A prominent director of the company said yesterday
j
that
! William H Vanderbilt, D. O. Mills and other large stockhold'ers
were known to be favorable to the
capitalization of the surplus;
! that thecal! for a
special
meeting
of
the stockholders was already
j signed,
and that the meeting to vote upou the proposition was to
be held during the latter part of November or early in December.
Home Insurance Company.—Mr. Charles J. Martin, presi¬
dent ot this well-known corporation, made an address to the
board of directors in April last, on the completion otthe first
quar¬
ter of a century of
the company’s existence, which was
exceedingly interesting as a brief liistoiy of its business and
rema*kable prosperity.
Our space forbids an extended review of
the different phases and varying lights and shadows in the life of
this distinguished home corporation, the largest of New York’s
fire companies; but the round figures given by Mr, Martin have
a force in themselves to
which we could hardly add anything.
He says that in the 25 years the premiums received amounted to
$44,137,000; the losses incurred, to $27,545,979; the interest on
capital and accumulations, $4,638,829 ; dividends to stockholders
in cash, $4,465,000, and in stock, $1,000,000; with an earned
surplus on hand of about $1,000,000.
—From the Mutual Life Insurance Company, F. S. Winston,
Ecq., President, we have received an interesting little book
prepared by the actuary, Prof. W. H. C. Bartlett, L. L. D. This
book contains a series of valuable interest and bond tables, the
former showing the present value of $1 due at aDy future date
from one to fifty years, at all rates of interest from |
per cent to
10 per cent, the value and the amount of $1 at the end of each
from one to fifty years, and the annual payment which will
discharge a debt of $1 due at aDy future time, from one to fifty
years, with interest.
The bond table* show the rate of interest
realized on bonds bearing from 3 65 to 8 per cent
per annum
interest, when purchased at various prices from 60 to 125 and
held till maturity.
These tables are of great use to investors,
and tbe officers of financial corporations should
keep them in
constant me as a hand-book for irequent reference.
year,
„
THE
November 2. 1S78. |
CHRONICLE
The range in prices since Jan.
class of bonds outstanding Oct. 1,
3Tte ^Bankers' (Gametic.
NATIONAL BANKS ORGANIZED.
The United States
Lowest.
Per
op
Company.
Cent.
Railroads.
Boston & Albany
Cincinnati Sandusky & Cleveland, prof..
Concord
N. Y. Prov. & Boston (Sloniugton). quar.
PennsvIvania
:
When
IJOuKS v E -SBI).
Payable. (Days inclusive.)
State and Railroad
84
...
3
5
No
%
Nov. 11
1
Nov. 4 to Nov. 11
2
'
Wilmington & Weldon
Nov. 30
3
Banks.
Nationa1 Bank State of New York..
...
National Mechanics’ Banking Assccial’n
Union National Bank
:
Nov. 11
1
3J4
2
5
Nov.
Nov.
2
Nov. 15
1
Oct. 31 to Nov. 11
Oct. 20 to Nov. 2
Oct. 33 to Nov. 1
Miscellaneous.
Pullman Palace Car (quar.)
JHTBfiWAV, NOV. 1, 1878-5
Tlie
Money Market and Financial Situation.
—
J5I,
The Lon¬
for tlie
conversion
of South
$15,000 Slate of Louisiana 8
1878.
Oct. 26.
Differ’nce8 fr’m
1877.
Oct. 27.
previous week.
Loans and dis. $245,108,400 Dec. $1,484,700 $230,287,400
19.869.500 Inc. 4,312,700
17,322,400
Circulation
19,889,700 Inc
16,726,000
288,500
Net deposits
211,096,700 Inc. 2,952,100 193,848,700
Legal tenders.
39.962.500 Dee,
766,600
39,235,100
Specie
..
.
..
$259,840,800
'
15,947,200
15,001,100
215,303,000
48,862,000
Carolina bonds
into
the consols
The Central Pacific branch line bonds and
land grants have shown easier prices the
past week or two.
Messrs. A. II. Muller & Son sold the following at auction:
Bonds.
p.
bonds,
c.
Bonds.
.
due
$10,000 Cent. Park N. Sc
ltiv. RR.
1910,
issued for N. O. Mobile A
Chat. KR.,
July, 1873,
17,000 Ridgefield Park RR.
1st mort
8
6,000 Rockland Central RR.
1st mort
cons. in.
E.
7s...91o>91%
Shares,
20
coupons on
To¬
1876.
Oct. 28.
90,139,250
48,290,400
expires to-day, and, unless renewed by the Legislature, no more
funding can take place.
Railroad bonds are strong on a very fair volume of business,
and nearly all the popular issues of bonds show a
tendency to
higher prices whenever there is any demand which develops the
the week, and the percentage of reserve to liabilities advanced
to 33£ per cent, against 2i>£
The Bank of
per cent last week.
France also gained 6,500,000 francs in specie, which showed that
the gain in England had not been drawn from that
quarter.
37,274,750
200,439,300
21,393,800
50,285,500
273,379,550
Bonds.—Louisiana consols
firmness of holders.
day (All-Saints’ day) is a legal holiday in London, and no further
dispatches are at hand, but bankers here who have branch
houses in London regard the situation as materially
improved,
and feel hopeful as to tlie future.
In our local money market 4@0
per cent has been the rate for
call loans most of the week, but some little
shifting in loans may
be anticipated in consequence of tlie
changes making on the first
of November. ' Comptroller Kelly
begins to-day tlie payment for
New York city of about $10,000,000 in tlie
principal and interest
of bonds.
This money will be received chiefly by savings banks
and large capitalists, which amount they will have for re-invest¬
ment, and a good part of it will probably go into Government secu¬
rities and into tbe recent issue of New York sinking fund five
per
cent 30 to 50-year bonds,
principal and interest payable in United
States gold coin. Tlie latter are specifically payable in gold coin;
a fact which secures to tlie investor an
exemption from all risks,
which makes the bonds payable only “ in coin.”
The last statement of tlie New York City
Clearing-House banks,
issued October 26, showed an increase of $3,808,075 in the excess
above tlieir 25 per cent legal reserve, the whole of such excess
being $7,048,825, against $4,240,750 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
$85,669,200
70.
don
dispatches indicate that there is a much better feeling
abroad, and the apprehensions of immediate and widespread
disasters have greatly subsided.
The Bank of England weekly
statement on Thursday showed a gain of £1,20.1,000 in specie
for
Coupon.
are stronger
Tennessee bonds find no buyers at 31 for
the bid for new is 25^.
There seems to be
some anticipation that
steps may be taken for another adjustment
of Virginia debt, and some recognition by tlie old State of the
deferred certificates l’or the one-tliird assigned to West Virginia ;
hut the prospect of any thing definite seems remote.
The period
and sold to-day at
the old bonds and
Nov. 15
Nov.
l
Registered.
6s, 1881
cp. 105*8 Feb. 25 11034 June 27 $197,067,150
6s, 5-20s,’65.cp. 102*4 July 22 105*s June 6
44.459,100
6s, 5-20s,’67.cp. 101*2 Aug.
108% June 27 110.174.800
6s, 5-20s,’68.cp. 10634 Ja n.
111*4 June 28 i
16,071,500
5s, 10-40s...cp. 103% Men.
1093s July 29 i 144.280.800
5s, fund.,’81.cp. 102 % Fob. 25 107% July 30 ; 235,060,800
4%s, 1891 ..cp. 101% Mi'll. 1 105 Aug. 17: 159,860,750
4s, 1907 ....cp. 99% Oct. ' 3,102% Jan. 9; 103,209,600
Gs, eur’ncy.reg. 117Ji Apr. 5! 122*8 May 25
64,623,512
D’lVIBBNBS.
Name
Amount Oct. 1.
Highest.
:
2,400—National Herkimer County Bank of Little Falls, N. Y. Authorized
capital, $250,000; paid-in cap tal, $125,1:00. Albert Q. Story, President;
William G. Milligan, Cashier.
Authorize.! to commence business
October 24, 1873.
The following dividends have recently been announced
1, 1878, and the amount of each
1878, were as follows:
Range since Jan. 1, 187.8.
Comptroller of the Currency furnishes the
following statement of National Banks organized
455
10 Am. Ex. Fire Ins
101
165 Follett Sewing Mach. Co. 19*2
15 U. S. Fire Ins. Co
127*2
207 Cent. Park N. &■ E. River
liR
...40©43
4
Closing prices of leading State and Railroad Bonds for
weeks past,
lows:
and tlie
range
Oct.
25.
States.
Louisiana consols
75
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s, old
*106*2
*16
Virginia 6s, consol
do
do
since Jan. 1, 1878, have been
*70
Range since
Nov.
1.
Lowest.
Dist. of Columbia, 3-65s
77%
Railroads.
Central of N. J. 1st consol
*S0
Central Pacific 1st, 6s, gold.. 106*2
Chic. Burl. & Q. consols 7s... *114
Chic. & Northwest. cp.,gold.. 102
Chic. M.& St. P. cons. s. f. 7s..
96*4
Chic. R. I. & Pac. 6s, 1917... 109*2
Erie 1st, 7s, extended
*115%
Lake S. & M. S. 1st cons., cp.. *113*2
Highest.
Feb. 11
June22
May 25
May 14
*70
29
74
77*2
July 31
Apr. 12
31
Sept.10
85
June 10
*82*4 64*4 Mcli. 4 90
*106% 103% Jan. 15 108%
*114
109
Jan.
2 114*4
103
91% Jan. 14 103*4
98% .91*8 Jan. 5 102%
Jan.
5 110*2
*109% 106
Jan.
7 116*4
*xl2*4 110
Jan. 10 114
105*8 Jan.
5 115
115*2 Jan.
5 121
117*2 Sept. 10 122
95% Feb. 20 103
118
Feb.
8 122
July 11
Juno28
Oct.
8
May 31
May 25
June 28
July 8
Sept. 26
109
Michigan Central consol. 7s.. *113% *xll0
Morris & Essex 1st mort
*x15*2
N. Y. Cent. & Hud. 1st,cp.... *119
*119*4
Ohio & Miss. cons. sink. fd..
102*4 *102*s
Pitts. Ft. Wayne & Chic. 1st.. 121*2 *121*«
St. Louis & Iron Mt. 1st in
*105*2 *106*2 102% Sept.
Union Pacific 1st, 6s, gold
106% 107
103% Jan.
do
92% Mch.
sinking fund.... *100*2, 101
*
fol¬
Jail. 1, 1878.
76
69% June 8 85
105*2 102*2 Aug. 23 108
Meli. 29
18
*15*4 15
*30
33
Sept. 9 39%
2d series..
two
as
Oct. 29
Oct.
8
June 26
Oct. 10
Oct. 18
20 109% May 24
7 108% June 28
6
105*4 July
9
United States Bonds.—There lias been an
improved tone in
the market for government bonds, on a moderate business.
The
has been strong, upon
purchasers anticipate the passage of laws by the next Congress
which will prejudice in any way tin; standing of United States
fact, there has seldom been a time when a single stock has so
monopolized the attention of the street. Tlie stock advanced to
102, and although the executive committee did nothing towards
making the long-expected stock distribution, tlie price remains
strong, closing at 1014. Semi-official utterances of the president
better feeling in London and in this market
encourages the idea
of a renewal of the investment demand for governments;
provided
the result of the elections on Tuesday next is not such as to make
securities.
Closing prices of securities in London have been
as
Railroad and
Miscellaneous Stocks.—The stock market
the whole, led by Western Union.
and some of the individual directors intimate that a distribution
of stock in some shape will
probably be made before
follows:
January 1,
1879.
Oct.
18.
•
U. S. 6s, 5-20s, 1867
U. S. 5s, 10-403
5s of 1S81
;
Oct.
25.
Oct,
31.
Closing prices at the N. Y. Board have been
Interest
Period.
1881
1881
5-20s,
5-20s,
reg.
coup.
1865.. .reg.
1865 .coup.
5-20s, 1867...reg.
5-20s, 1867 .coup.
5-20s, 1868...reg.
5-20s, 1868 .coup.
10-403
reg.
10-40b
coup.
fund., 1881...reg.
5s, fund., 1881..coup.
4%s, 1891
reg.
4%s,1891
coup.
4 s, 1907
4s, 1907
reg.
J.
J.
J.
J.
J.
J.
J.
J.
M.
M.
Sc
&
&
&
&
&
&
&
J.
J.
J.
J.
J.
J.
J.
J.
S.
& S.
Q.-Feb,
Q.-Fel>.
Q.-Mar.
Q.-Mar.
Q.-Jan.
Oct.
26.
as
preferred.”
The payments at the Farmers’ Loan & Trust Com¬
up to and including Wednesday were upon
175,000 shares, of which 46,000 were preferred; and on Thursday
more than 100,000 shares came in.
follows:
Oct.
29.
Oct.
30.
108%
108*8
pany
Oct. ! Nov.
31.
j
1.
108
*103
*103
10S
St.
Paul.
Oct.
“
“
30
31
Nov.
1
pref.
6,730
10,166
5,580
12,705
10,030
24,720
29,699
27,510
15,400
3,250
....
1,850
1,520
5,550
1,000
2,129
5,970
Total.
..
were as
follows:
North¬ N’rtliw. Del. L.
West,
west.
pref. & West. Un.Tcl.
2,320
Whole stock.
i
St, Paul
leading stocks
....
“
100
*100
*99%
100
100*8
*100
*99%, *99% 100
*100
*100
11 9%
119% *11934 *119% 120% *120%
made at tlie Board.
2(5
28....
29....
“
100
was
in this city
Total sales of the week in
108*8 ,*108*8
108*8! 108*4
103
*102%
103*8 *103*8 *103*8
*103
*102% *102%
*103% *103*8
105% *105% *105% 106
106*4 106*4
*105% 105% 105% *105% 106% 106%
*107*2 *107% *108
*108
*108
*2 08
*107% *107% *108*4 *108*4 '108% *108%
106
*106
106% *106*8 106% 106%
*106
106
106 * *100*8 100% 106%
104% 104% *104% 10434 104% 105
105% *105% 105% 105% 106*8 x05
103%< 103% 103% 103% 104
104
*103%, *103% 103% 103% 104
104
This is the price bid; no sale
Oct.
28.
*107% *107%
’107% *107%
coup. Q.-Jan.
6s. curVv. ’95-99.reg. J. <fc J.
*
and Erie, were all higher.
Thursday, October 31, was the last
day for payments of the assessment on Erie stock.
A despatch
from London at the close of
Wednesday says: A‘The number
of Erie shares on wkic'h assessment lias been
paid up to
the close of business to-day was 468,747
ordinary and 66,739
Highest.
107*2 107*2 108*8 105*4 Jan.
2 109% June 8
108
107% 108
101*2 Feb. 25 111 % July 30
x06*2 105% 106% 103% Mch. 3 109*8 July 9
105*8 105
105% 102*8 Feb. ,25 107*4 July 30
4*28 of 1891
6s,
6s,
6s,
6s,
6s,
6s,
6s,
6s,
5s,
5s,
5s,
Next to Western Union, Northwest preferred has been
strongest, and closes at 74£; and to-day, Rock Island, Wabash,
Range since Jan, 1, 1878.
Lowest.
In
15,459
25,300
20,200
29,205
9,000
21,015
24,250
13,350
7,125
37,932
29,100
26,300
12,600
37,935
20,950
30,925
49,138
34,506
15,113
Lake
8hore.
39,224
46,442
65,119
32,206
45,650
31,912 A
32,096 40,5841108,899 120,245 135,132 188,567 260»553
154,042 122,7941149,888 215,256 524,000 350,685 494,665
The total number of shares of stock outstanding
last line for the purpose of comparison.
is giyep in the
\
456
The
THE CHRONICLE.
daily highest and lowest prices have been
Saturday,
Oct. 20.
Monday,
Oct. 28.
Tuesday,
Oct. 30.
Central of N..J
2m
Chic. Burl.& 6. 110%
C. Mil. & St. F. 305a
do
pref. 65%
Chic. & North. 40%
do
pref. 71%
C. R. I. & Pac. 115
Del.* H. Canal 44%
)>el. Lack.& W 50%
Erie
1
11H
Han. & St. Jo.. 14%
do
pref. 38*4
Illinois Cent...
Lake Shore
..
Michigan Cent
29
29
H15< 111**
31^
60
0834 69%
69
70
80%
111J4111%
*7%
7%
15% 1554
119%
06%
i8%
19%
0054
96% 101%
108
*48
108
50
49
.
do
9654
*12%
pref. *32
*31%
67
Friday,
Oct. 81
Nov. 1.
29
112
31
00
29% 2954
112
112
29
112
31% 31;
3154
00% 07!
67%
41
41% 41% 41%
73% 74'
73% 74%
115% 115: 115V 11054
*45
40
45% 40
50% 51% 50% 51
tl4% 14%
14% 14%
15'
39
39
39% 39%
79% 80%
79% 80
09
70% 69% 70%
09% 70
69% 69%
80% 81% *8054 81%
11154 lUV 111% 112
7%
7%
7%
7*4
15
1554 15% 15%
97
13
35
...
35
30
*120
123
19% 19% 19% 21%
6056 6054 60% 66 X
101
101%
9954 102
107
48
*07% 10.'%
48
48
48% 49
*48%
97
97% *97
12
14
*13
*31
*31% 34
-
*
18®18%, Oct. 30;
18%®19%, Oct. 31;
Oct.
26..
ii
28..
ii
29..
ii
30..
ii
31..
Nov.
1..
*
t
e
Quotations.
Gold
Open Low. High Clos.
Clearings.
1003s 1003s
10038* 10038
1003s 10038
1003s 100%
100% 100%
100%
following
Sovereigns
19®20%,
are
100% 100%
100%
..
5,605
1,906
32,096
40,584
Chicago & Northw... 108,899
do
do
pref. 120,245
Chic. Rock Tsl. & Pac.
4,562
Del. & Hudson Canal
5,571
Del. Lack. & Western 135,132
Erie
32,466
Hannibal & St. Jo.
1,937
..
do
do
pref.
4,580
Illinois Central
3,320
Eake Shore
260,553
Michigan Central....
5,486
Morris & Essex
:
4,840
N. Y. Cent. & Hud. R.
Ohio & Mississippi...
Pacitic Mail
Panama
Wabash
3,574
2,925
4,540
Adams Express
American Express..
United States Exp...
Wells, Fargo & Co...
18,455
18,630
188,567
117
63
15
224
Quicksilver
do
13% Jan. 2 45% July 11
9914 Feb. 28 H434 July 15
27 % Sept. 2 547s July 8
64
Oct. 14 8434 July 9
32% Aug. 10 55% Apr. 17
59% Feb. 9 79% July 11
9838 Jan. 15 119% Juue 7
43% Oct. 22 59% July 10
463s Mcb. 5 617s July 10
7% Jan. 5 1834 July 31
10
Feb. 28
16% Sept. 5
21% Feb. 28 40
Sept. 5
723s Feb. 14 87
July 11
55 7s June 29 70% Oct. 29
58% Jan. 3 72% Apr. 18
6738 Feb. 28 89
June 10
10334 Feb. 11 115
Sept. 5
6 34 June 29
11% Apr. 15
14*8 June 21 2378 Jan. 16
Jan.
5 131
12% June26 213a
61*4 July 31 73
75% Feb. 13 102
98
Jan.
8 109%
46
Aug. 2 52 %
44
Aug.
7
82% Jau.
7
12
pref
Highest.
Aug. 21
2934 Feb.
5
Feb.
Nov.
Mch.
Oct.
Oct.
25
1
20
31
25
3078
4*8
7
3 84
X X Reiclimarks.
X Guilders
3
4
4
-2)15
@15
'a)
@
@
87
78
00
90
65
33%
79
45
7338
355s •74%
51%
92%
85% 109%
2% 1138
12% 26%
80
130
5934
56
91
73
84%
105
8
43%
25
31
25
15
36
81
13
19 78
60%
59%
90
24
45
gross earn¬
ings 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 men¬
tioned in the second column.
Jan. 1 to latest date.-N
1878.
1877
$78,394 $3,053,298 $1,999,597
386,074
184,176 1,044,263 1,073,698*
32,878 1,228,962
921,19-2
123,147
981,089
606,822
5,823
172,742
189 582
Central Pacitic...September 1,831,000
1,441,293 12,937,363
Chicago <fc Alton..3d wk Oct. 114,942 105,559 3.800,670 12,033,937
3,650,297
Chic. Burl. & Q...August. ...1,632,207
1,330,249 8,996,425 7,631,597
Chic. & East. Id..3d wk Oct.
21,817
19,957
Chic. Mil. & St. P.3d wk Oct. 188,000
258,973 6,669,000 6,193.213
Cliic.&Northwest.3 wks Oct. 945,718
999,615
do propr’y r’ds.3 wks Oct.
75,450
90,856
Chic. R. I. & Pac.August.... 871,234 754,598
Clev.Mt, V. &D..2d wk Oct.
8,778
9,098
294,970
300,196
Dakota Southern.September
17,431
25,559
155,519
134,582
Denv. & RJo G...3d wk Oct.
28,300
17,002
873,795
598,845
Dubuque & S.City.3d wk Oct.
21,128
24,606
762,233
714,170
Erie-.-. ..........July
1,157,690 1,041,205 8,289,355 8,051,069
Gal. H. & 8. Ant..August
116,083
99,140
728,993
588,804
Grand Rap.&Ind.August.... 109,386
96,681
778,222
695,342
Grand Trunk.Wk.end. Oct, 19
202,687 220,920 7,074,689 7,377,484
Gr’t Western. Wk.end.Oct.18
90,345
113,892 3,600,767 3,462,506
Houst. & Tex.
C..September] 332,555 237,139
111. Cent. (Ill.line).September
485,698
607,713 3,960,227 3,728,725
do
Iowa lines.September 129,931
209,639 1,083,293 1,029,300
Indianap. Bl. &W.3d wk Oct.
26,335
25,328 1,038,630 1,005,244
Tilt. & Gt. North..3d wk Oct.
51,764
40,084 1,089,112 1,122,021
Kansas Pacitic.. .3d wk Oct.
96,251
85,428 2,895,841 2,550.883
Mo. Kans. &Tex.3dwk Oct.
82,453
69,767 2,335,144 2,538,084
Mobile & Ohio.
.August.... 114,979 125,714 1,147,089 1,049,495
N
ashy.Ch.&St.L,
September 123,497 157,424 1,188,031 1,255,061
Pad.&Elizabetht.2d wk Oct.
6,192
7,980
Oct.
1,599
Pad.&Meinphis..3dwk
4,286
144,1*70
145,823
Phila. & Erie
September 288,084 322,896 2,025,890 2,168,652
Phila. & Reading.September
779,481 1,527,440 8,840,420 10,431.453
St.L.A.&T.H. (br8)3d wk Oct.
12,990
13!838
386,864
413 270
St. L. Iron Mt. & S.3d wk
Oct, 155,518
127.083 3,378,130 3,404,746
8t. L. K. C. &No..3d wk Oct.
[88,413
87,127 2,629,979 2,484,372
St. L.&S.E.(St.L.)lstwkOct.
20,517
21,326
488,649
465,517
do
(Ken.).1st wk Oct.
9,774
8,892
266,734
249,287
do
(Tenn.).lstwk Oct.
3,703
3,921
128,599
117,098
St. Paul & 8. City.September
52,019
61,720
430.316
349,226
Scioto Valley
September
29,151
17,587
203,724
Sioux City & St. P.September
30,418
42,228
266,148
200,826
Tol. Peoria <fe War.3d wk Oct.
30,559
28,092 1,042,627
896,029
Union Paciflb
September 1,163,426 1,035,232 9,052,600 9,073,669
Wabash
3d wk Oct. 109,920
112.558 4,029,499 3,685,145
„.
.
$966,325
Dimes & % dimes.
Silver %s and %s.
Five francs
Mexican dollars..
English silver
....
Prus. silv. thalers.
Trade dollars
New silver dollars
Nov. l.
,
40%
May
—
$959,000
65,130,000
@$4 87
4 74
3 90
Span'll Doubloon8.15 65
Mex. Doubloons.. 15 55
Fine silver bars
110 @
110%
Fine gold bars
par.@%prem.
77
15
15%
17
5134 Feb.
97% Oct.
1934 Feb.
37
June
-—Latest earnings reported.—,
1877.
1,094,676
1,626,895
1,959,652
1,572,432
1,486,784
a
98 %@
98%®
—
—
90
85
—
—
—
98%
—
99
92
—
86
@ 4 80
@ — 70
@
@
4 75
—
—
68
—
98%®
—
98%
—
99 %®
—
par.
rather small busi¬
caring to operate. To-day, the
Whole year
1877.
4.82£ for bankers’ long sterling
and at 4.88 for demand, actual business
being done at a conces¬
Low. High.
sion of about £ point.
In domestic bills the
6
3734
following were rates on New York at the
94
11878 undermentioned cities to-day:
Charleston, easy, buying 5-16@£
11
42% discount,
selling £@par; New Orleans, commercial, £@0-16 dis¬
4078 73%
count, bank £ discount; St. Louis, 25 premium ; Chicago,
15
43 %
firm,
3734 69% 25 premium; and Boston, slight discount.
82% 105%
Quotations for foreign exchange are as follows:
25% 74%
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the
EARNINGS.
Week or Mo.
1878.
Atcli. Top. & S. F.3d wk Oct.
$112,000
Atl. & Gt. West...September
334,882
Atlantic Miss.&O. August.... 155,012
Bur. C. Rap. &N.3d wk Oct.
29,620
Burl. & Mo.R.inN. August
166,320
Cairo & St. Louis.2d wk Oct.
4,645
1,089,664
1,619,000
1,949,000
1,565,047
1,480,525
$55,400,000
Exchange.—Foreign exchange has shown
Lowest.
112
Union Pacific
Western Union Tel...
11,340,000
9,684,000
ness, neither buyers nor drawers
rate was nominally unchanged at
Jan. 1,1878, to date.
Sales of
Week.
Shares.
Central of N. J
Chic. Burl.& Quincy.
Chic. Mil. &St.P..
do
do pref.
in prices since Jan. 1, 1877
Currency.
quotations in gold for various coins:
$4 84
..
Total sales this week and the
range
were as follows:
Gold.
8,386,000
12,215,000
14,941,000
10038*100%! 1003s 100%
Tills week
Balances.
.
$8,564,000 $1,678,000 $1,686,067
10038
100%
100%
100%
100%|100%
Napoleons
34
1003s
1003s
10038
10038
Prev. w’k 100%'100%100% 100%
S’ce Jan. 1 102%'100%! 102% 100%
The
These are the prices bid ana asked: no sale was made at the
Board.
+ Sales were also made of shares with $1 assessment
paid, as follows:
Nov. 1.
follows:
48
49
98
*
17*8® 17%, Oct. 29;
market.—Gold has been without special interest,
closing to-day at 100£, after selling at lOOf. Carrying rates this
afternoon were 4@3 per cent, and in the
morning 1£@2£ per cent.
Silver was quoted in London on
Thursday at 50£d. per ounce; to¬
day is a holiday and there are no prices.
The range of gold, and clearings and balances, were as
f14%
Morris <fe Essex
N.Y. C. & H. h.
Ohio & Miss...
Pacific Mail....
*
Panama
119
125
Wabash
18 V 19
19%
Union Pacific.. 66% 66% 66% 00%
West. Un. Tel
98
100
97% 99
Adams Exp.... 109
109
*108
American Ex.. *48
50
48*, 48%
United States
48
48
49
49
Wells, Far.co.. *96% 97
97
97
Quicksilver....
3194
The Gold
follows:
Wedn’sd’y Thursday,
Oct. 29.
29% 29% 29%
110% 110% 110%
31% 31% 32%
06
00% 67%
42
41% 41
73
72% 74%
115f£ 114% 115 V
45% 44% 40%
51
50% 51%
12
12
12%
14& 14% 15
39
30
39%
77% 7754 78% 78%
09
69% 69% 70%
69% 69% 09% 70%
81
81** '80% Hl%
111% 112% 112% 112%
m
7%
th
7%
16
16% 16% 16%
as
[VOL. XXVII.
60
days.
3
days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
4.82 @4.82%
4.8l%@4.82
4.87
4.80
Documentary commercial
4.85%@4.86%
4.79%®4.80%
5.23%@5.20%
5.23%@5.20%
5.23%@5.20%
39 %@ 40
94 @ 9434
94 @
9434
94 @
9434
94 @ 94x4
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reiclimarks)
Frankfort (reiclimarks)
Bremen (reichmarks)
Berlin (reichmarcks)
Boston
banks for
3.
10.
17.
24.
4.85 @4.86
5.2058@5.1818
5.20%@5.18%
5.20%®5.18%
4038@ 4034.
9434® 95
94%@
9434@
9434@
95
95
95'
series of weeks past:
1878.
June
June
June
Juue
@4.8712
Banks.—The following are the totals of the Boston
a
Loans.
May 13.
May 2f).
May 27.
@4.81
4.87%@4.88
123.879.400
123.520.100
123,932,500
123.973.200
125,010,400
125.764.700
127.030,700
128,621,703
129,849,000
July 1.
July 8.
July 15.
July 22.
July 29.
Aug. 5..
Aug. 12.
Aug. 19.
Aug. 26.
Sept. 2.
Sept. 9.
Sept. 16.
Sept. 23.
131.136.200
130,653,000
131.387.300
131,816,000
131.972.900
131.615.700
132.125.900
131.595.100
130,741,000
131.144.300
Sept. 30.
130.759.400
Oct.
7.
Oct. 14.
Oct. 21.
Oct. 28.
130.104.400
128.971.100
127,418 603
130.700.900
126.876.100
Specie. L. Tenders. Deposits. Circulation. Agg. Clear*
$
$
$
S
$
4.767.400
3.766.403
48.823.200 25.453.200
42,539,787
4.119.100
3.857.600
49,336,900 25,099,400
42,634,818
3,959,303
4.260.200
48.893.500 25.373.100
37,395,431
3.448.600
5,26 (,600
50.165.800 25.446.300
33,875.446
3.211.800
5.756.100
51.676.400 25.584.600
42,181,604
2.890.900
6.224.200
51,572,960 25.527.600
40,871,375
2.677.400
6,681.800
52.156.100 25.372.700
39,188,8582.633.800
6.675.100
52,775 300 25,043,400
42,626,701
2.451.900
5.917.800
53,252,000 25,361,400
51,573.489
3,488,000
5,466,400
52.285.800 25.339.200
47,130,751
3.333.400
5.282.600
52,095.600 25.297.600
43,821.118
3,011,200
5.511.900
51.569.400 25,045,500
37,4411879
2.944.200
5,89=>, 100
51.906.700 25,143,900
37.181,493
3,008.300
2
5.844.800
51.490.700
>,083,200
35,455,252
2.838.800
5.626.403
50.948.100 25.128.600
35,748,086
2.768.100
5.627.300
51.369.100 25,0 0,400
33,442,865
2.731.600
5.302.300
51,904,560 25,008,200
31,659,0133,040,000
5,613,700
52.390.800 25,231,000
38,080,092
3,022,600 5.548.200
52,090,700 25.441.100
38,484,171
3,022,100 5.654.900
53,081,700 25.466.100
42,643,331
3,047,600
53.434.200 25.427.700
6,086,900
38,344,352
3.321.200
6.135.100
53.233.500 25,500,500
49,237,921
2.963.100
6,020,000
53.866.100 25.407.300
47,046,050
2.563.800
6.127.800
52.264,600 25.473.100
45,517,518
2.557.600
6.524.300
52,240,260 25.388,000
41,489,955
Philadelphia Banks*—The totals of the Philadelphia banks
are as
follows:
Loans.
1878.
May 13.
May 20.
May 27.
57,741,784
57,480,896
57.106.350
57,141,428
June
June
June
June
3.
10.
17.
24.
July
1.
56,906,372
July 8.
July 15.
July 21.
July 29.
Aug. 5.
Aug. 12.
Aug. 19.
Aug. 26.
Sept. 2.
Sept. 9.
Sept. 16.
Sept. 23.
Sept. 30.
57,417,531
Oct. 7.
Oct. 14.
Oct. 21.
Oct. 23.
57,380,68?
57,512,325
57,104,069
57.540,336
57,701,352
67,582,408
57,836,672
57,394,189
57,506, ^45
57,450,042
57,515,217
58,189,844
58,397,696
58,300,720
58,207,884
58,613,739
58,650.640
58,801.493
53.522.350
Specie. L. Tenders. Deposits. Circulation. Agg. Clear,
$
2,082,914
2,000.725
2,002,175
1,957.813
1,948,551
1,810,592
1,799,535
1,898,257
$
11,574,516
11.679.304
12,231,928
12,723.700
12,777,65.2
12.674,595
13,166,808
13,728,831
2,165,605
13,647,763
2,131,277 13,600,496
2,088,968 13,413,067
.2,122,989 13,750,039
2,288,860 13,729,614
2.342,437 13,434,151
2,236.021 13.610.305
2,183,120
13,452,892
2,172,809
2,166,359
2,109,431
2,003,043
13,547,329
13,302,270
12,812,555
13,004,807
1,995,806 12,814,62?
1,989,340 12,717,102
3,83',451 12,382,599
1,605,812 12.085,596
1,646,613 11,958,394
t
43,987,692
44.139.418
43,830,408
44,901,979
44,814,241
44,900,053
44,908,901
45,647,430
$
11,125,930
11,104,920
11,089,74?
11,069,120
11,070,141
11,049,673
11,006,979
11,001,126
45,931,792
11,055.863
46,419,105
46,082,238
11,075,562
11,118,080
11,133,891
*
2 .046.409
32.731,584
80,126,223
26,800,606
39,002,223
31,067,892
30,667,91829,062,252
33,320,691
32,262,571
30,692,010
46,127,426
46,502.675
45,561,288
45,757,350
45,497,226
45,806,145
45.504.418
45,515,333
45,335,119
45,555,908
45,570.445
45;122,766
44,786,294
11,853,450
44,232,796
32,798,588
33,720,726
11,394,811
29,059,m
11,136.613
11,158,518
11,164,372
11,150,955
11,191,223
11,134,010
11,190,001
11,215,351
11,243,085
11,266,957
11,307,582
24,880,509
29,494,324
26,839,131
27,006,463
23,731,264
24,754,786
28,719,076
29,582,427
31,483,017
28,822,304
37,391,156
=
November 2,
THE
1878.]
CHRONICLE
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business
on
Oct. 26, 1878
457
BOSTON* PHILADELPHIA* Etc*—Continued*
Bid
SECURITIES.
:
Ask.
Bid. Ask.
8EOUKITIB8.
-AVKRAGK AMOUNT OP
Loans and
Banks.
Capital. Discounts.
$
New York
2,000,000
Manhattan Co.... 2,(50,000
Legal
Specie. Tenders.
$
$
Net
.
Deposits.
8
496.500
485,000
8
8,50\600 2,284,200
8.516.300
477,000
5,762.603
3.956.300
Merchants’
902,400"
601,100
2,000,000
7,400,500
6,410,900
Mechanics’
423.200
548.600
2,000.000
6,758,600
4,769,000
Union
4,082,200
251.600
424.400
2.858.200
1,200,000
America
8,402.700 1,394,000 1,363,600 7.182.700
3,000,000
Phoenix
241,000
563,000
1,010,000
2,177,000
2,207,000
City
1,000.000
b/Ot/00 1,192.100 1,365,000 5.319.400
Tradesmen’s
216,200
1,000,000
280.200
3,129,700
1.909.200
Fulton
6‘X),000
391,800
1,614.300 -153,300
1.242.400
Chemical..
300,000 10,038,800
573,500 2,629,000 10,009,000
137.200
Merchants’Exch. 1,000,000
3,271.500
492,000 2.489.100
Gallatin National 1,500,000
284.900
443.200
1.765.100
3.524,400
Butchers’* Drov.
300.000
1,215,000
126,000
947,000
118,000
Mechanics’&Tr.
600,000
232.000
31,030
1,200,000
1,036.000
Northern of New Hampshire
125
Norwich & Worcester
Circula
tion.
$
©gdensb. & L. Champlain
44,000
8.4O0
821,300
144.100
716,500
1,100
.
..
566.600
413,300
Total
63,711.500 245,108,400 19,860,500 39,962,500 211,096,700 19,889,700
The deviations from returns of previous week are as follows :
Loans
.Dec. $1,484,700 Net deposits
Inc.. $2,952 100
Specie
Inc. 4,312,700 Circulation
Inc..
288,500
766,600
Legal tenders
Dec.
.
Note.—In using the above comparison, allowance should be made for the
fact that the return of the Chase National Bank appears for the first time with
this week’s statement.
The following are the totals for a series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear,
1878.
Jun. 15.
Jnn. 22.
Jun. 29.
July
July
July
July
Aug.
Aug.
6.
13.
20.
27.
3.
10.
Aug. 17.
Aug. 24.
Aug. 31.
Sept. 7.
Sept. 14.
Sept. 21.
Sept 23.
Occ. 5.
Oct. 12,
Oct. 19.
Oct. 26.
S
I
t
234.639.100
234.713.700
232,720,200
236.516,000
234.120.100
236.195.500
233,636,000
238,096,200
240,220,10C
235.555.400
.236,994,300
239.431.700
243.432.900
244.215.100
245.377.400
246.322.500
247.881.900
248,634,300
246.593.100
245.108.400
17,105,200
15,069,700
16,311,900
20,420,000
22,048,600
22,001,600
19,695,600
17,990,800
20.407.600
19,234,300
18,662,800
17.000,300
16.953.100
49.502.900
52.466.900
53.998.300
53.606.300
55.556.300
57.543.900
58,409,600
58,610,100
56.286.500
55.479.400
55,059,800
53.918.500
50.683.500
48.891.200
48.538.400
45,680,700
43.362.200
42/50,800
40,729,100
39.962.500
18.554.700
18.322.800
18.199.600
17.599.700
13.991.100
15.547.800
19,860,500
$
205.785.200
205.384.100
°5o,965,600
19.984.900
19/09,900
19.934.200
213.816.700 19.823.900
217,411/00 19/22,100
221.252.100 19.405.100
222.133.700 19,078/00
219,978,500 19.273.600
223.432.700 19.189.800
217.884.700 19.325.600
216,088/00 19.305.600
216.164.100 19.433.700
216.711.200 19,062,300
390,933,811
361.644.610
349,403,759
353,550,231
376,809,115
352,707,254
353,322,47a
414,140,015
355,692,070
342,277,469
330,537,433
285.766.611
348,022.456
218,269,000 19,478,300 330,877,791
217,304,000 19/16,300
216,332,000 19.617.800
214,103,400 19,577,500
210,041,200 19.593.100
208,144,600 19.601.200
211,096,700 19.889.700
333,606,56k
370,111,76;
453/71,364
424,149,90n
482,291,920
392,878,293
QUOTATIONS IN BOSTON, PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
SECURITIES.
Bid. Ask.
SECURITIES.
Hartford & Erie 7s, new
BOSTON.
Ogdensburg & Lake Ch.8s...
Colony,7s
Maine 6s
New Hampshire 6s
Old
Vermont 6s
Massachusetts 5s, gold
Boston 6s, currency
do
5s, gold
Chicago sewerage 7s
•
•
•
•
110%
do
6a
Omaha * S. Western, 8s
Pueblo & Ark. Valley, 7s
Rutland 88.1st mort
Verm’t C. 1st m., 7s
~29% ~29%
100
99% 100
12%
Vermont & Canada, new 8s.. 27
do
Municipal 7s
Vermont & Mass. RR.,6s
Portland 6a
Atch. & Tcpeka 1st m.7s
8T0CK8.
107% 108
land grant 7s 106% 100% Atchison & Topeka
do
83% 84
do
2d 7s
x 126% 127
102% 102% Boston* Albany
do
landlnc. Bs..
Boston * Lowell
76%
Boston * Albany 7s
ii*8
Boston* Maine.
xlO0 106%
...
....
" 6s
do
104
Boston A Lowell 7s
113
114
Boston * Maine 7s
Boston & Lowell 6s
Boston A Providence 7s
Burl. * Mo., land grant 7s.... 111%
do
Neb. 6s
102
102
do
Neb. 8s, 1883
110
Conn. * Passumpslc, 7s,
Fitchburg RR., 6s
do
....
1897!
7b
Kan. City Top. & W., 7s, 1st
do
105
...
do
Eastern, Mass., 8ks.
Burlington & Mo. In Neb
101
..J 71% 71% 1
98
do
Camden
do
do
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill....
Aiinehlll
Nesquehonlng Valley
Norristown
Northern Pacific,
pref
North Pennsylvania
Pennsylvania
Philadelphia & Erie
Pniladelphla & Reading
Philadelphia & Trenton
Phlla.Wllmlng. & Baltimore.
Pittsburg Titusv. & Buff
United N. J. Companies
do
do
do
90
34
33
21
40
25
41
2
4
100
18
33
Western
33%
0
13%
5%
127
10%
102
101
30
102
105
100
95
100
101
93%
»9%
105
101
105
65
104
108
*2%
27
11%
104
105
111
114
112
118
...
.
W’msport, 1st m., 7s, ’80
100
i07
5s,perp
Harrisburg 1st mort. 6s, ’83..
107
H. & B. T. 1st m. 7s, gold, ’90
do
2d m. 7s, gold, ’95. 101% 102
25
do
3d m. cons. 7s, ’95*
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 6$, ’82..
2d mort. 6s, 1900
Sup. & Miss., 1st m., 7s, i
Lehigh Valley, 1st,6s, cp.. 1898 111% 112%
do
do reg., 1898... 112%
do 24 m.,7s, reg., 1910.. 110
do
con. m., 6s,rg.,1923 101%
do
do
68,rp.,19c3 101 103
L.
Little Schuylkill, 1st m. 7s,’82
North. Penn. 1st m. 6s, cp., 85. 108
do
2d m. 7s, cp., ’96. 110
do gen. m. 7s, cp., 1903. 106
do gen. m. 7s, reg., 1908
Oil Creek 1st m. 7s, coup.,’8>. 75
fltteb. Titusv. & B.;7s, cp./96 34%
108%
i07
77
35
scrip
Pa.* N.Y.C. & RR. 7s, ’96-1906. 115
Pennsylv., 1st m., 6s, cp., ’80.. 105
108
do
gen. m. 6s, cp., 1910.
do
gen. m. 6s, rg., 1910. 107%
97
do
cons.m. 6s, rg., 1905.
97
do
cons.m. 6s. cp., 1905.
do
Navy Yard 6s, rg,’81
Perklomen 1st m. 6s,coup.,’97
Phila. & Erie 1st m.6s, cp./81. 103
do
2d m. 7s,cp.,’S8. 104
Phila. & Read. 1st m. 6s, ’43-’44. 104%
M8-.49.
2d
m.,7s, cp.,’93
dcben., cp., ’93*
do
cps. off.
scrip, 1882.
In. m.7s, cp,1896
cons. m. 7s, cp.,1911..
cons. m. 7s, rg.,1911..
con8.m.6s,g.1.1911....
conv. 7b, 3893*
7s, coup, off, ’93
scrip, 1882
Phila.* Read. C.* I. deb. 7s,92
i09
Baltimore Gas certificates...
People’s Gas......
5
25
39%
102%
106
105
90
107
105
94%
100
108
105
H 8
09
no
no
83%30
12%
104%
105%
109
98
98
100%
90
98
107
108
7*30s
do
South. RR. 7’30s.t 104% 105
do
do
6s, gold.t
Hamilton Co., O., 6s. long...+
do
7s, l to 5 yrs..t
do
7 & 7‘30s, long.t
Cln.& Cov. Bridge st’k, pref.
Cln. Ham. & D. 1st m. 7s, ’80..
do
2dm. 7s,’85..
Cln. Ham. & Ind., 7s, guar....
Cln. & Indiana (st m. 7s
do
2d m. 7s, ’17...
Colum. & Xenia, 1st m. 7s, ’90
Dayton & Mich. 1st m. 7s. ’81
do
2d m. 7s, ’87.
do
3d m. 7s, ’88.
Dayton & West. 1st m., ’81.. .+
do
1st m., 1905
do
1st m. 6s, 1905
Ind. Cln. & Laf. 1st m. 7s
do
95
(I.&C.) 1st m.7s/8
Little Miami 6s, ’83
Cln. Ham. & Dayton stock..
'20
Columbus * Xenia stock.... 100
22
Dayton & Michigan stock...
do
8. p.c. st’k, guar
Little Miami stock
LOUISVILLE.
Louisville 7s.
do
6s,’82 to ’87
do
6s,’97 to ’98
do
water 6s,’87 to ’89
do
water stock 6s,’97.+
wharf 6s
do
+
do
spec’l tax 6s of ’89.+
Louisville Water 6s, Co. 1907 +
Jeff. M.&l.lstm. (I&M) 7b,’81+
do
2dm., 7s
8-8%
do
1st m.,7s, 1906....+ 100%
Loulsv. C.& Lex. 1st 10.78/97+ 104%
110
Leb. Br. 6s, ’86
...+
1st m. Leb. Br. Ex.,7s,’80-85.+
Lou. In.
do
6s, ’93...+
Consol. 1st m. 7s, ’98
Jefferson Mad. & Ind stock.
Louisville & Nashville stock.
ST.
52
ioo%
+
+
+
do
Louis.* Fr’k.,Loulsv. In,6s,’8l
Loulsv. & Nashville—
104%
101
101
95
28% 31
10O
12
CINCINNATI.
Cincinnati 6s
do
'7s
-
103%
105% 100%
Connecting 6s, 1900-1904...
Delaware mort., 6s, various.. 104
108
Del. & Bound Br., 1st, 7s, 1905 98% 99
EaBt Penn. 1st mort. 7s, ’88
10*%
In defanlt of Interest.
23%
50
MISCELLANEOUS.
do
2dm. 6s. ’85.
do
Sim. 6s,’87..
Camden &Amboy 6s,coup,’83
do
6s, coup., ’89
do
mort. 68, ’89.
&
Atl.
1st
Cam.
in. 7s, g., 1903
do
2d m., 7s, cur., ’80
Cam. & Burlington Co. 68/97
Catawlssa 1st, Ts, conv., ’«2
do
chat, m., 10s, ’88
do
new7s 1900.
&
1
...50
N. W. Va. 3d m.,guar.,’85,J*J
Plttsb.* Conneirsv.78/98,J&J
Northern Central 6s. ’85, J&J
do
6s, 1900, A.&O.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, lstm./90,M.& S.
W. Md. 6s, 1st in., gr.,’90,J.&J.
do
1st m., 1890, J. & J....
do
2d m.,guar., J.& J.
2d m., pref
do
do 2d m.,gr. by W.Co.J&J
do 68. 3d m.. guar., J.& J.
Mar. & Cln. 7s, ’92, F. & A...
do
2d, M. & N ......
do
8s, 3d, J. & J
Union RR. 1st, guar., J. & J.
do
Camon endorsed
5%
127%
108
bO
24
29
Par
Pittsburg & Connellsvllle..50
38%
RAILROAD BONDS.
33%
6% Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O.
13%
30
10
Maryland
Central Ohio
RAILROAD BONDS.
do
do
do
27
..
RAILROAD STOCKS.
101
19
Allegheny Vai.,7 3-10s, 1896... 107
do
7s, E. ext.,1910 37
20
do
Inc. 7s, end.,’94
Belvldere Dela. i st m., 6s,1902 106
Fitchburg
122% 123
Kan. City Top. & Western...
86
88%
61
t • 9 •
Balt.* Ohio
100 80%
80%
3?K
do
Wash. Branch. 100 120
130
42% 43%
do
1
Parkersb’g Br..50
5
48
48% Northern Central..
50 13
40
14%
47
Susquehanna
do
do
03
37%
pref..
do
87
00
108
108%
111
6s, exempt, 1887
113
do
6?, 1890, quarterly. 106
109
do
98
os, quarterly
100
Baltimore 6s, iSSL quarterly 108
110
do
68, ’.886, J.&J
io*j% no%
do
6s, 1890, quarterly., 109% I HO
do
6s, park, 1890, Q.—M 109% 111
do
112
68, 1893, M.&S
113
do
6s,exempt,’9S.M.&S 111% 110
do
110
1900, J. & J...
HI)
do
112
1902, J.&J...
112)
Norfolk water, 8s
-v
do
'62%
68, reg., 1907
do
Schuylkill Navigation
do
do
do
do
m.
105
95
95
75
Maryland 6s, defense, J.& J.
Pennsylvania
do
2d
104%
BALTIMORE.
Morns
do
pref
do
6s, rg.,’86
68, boat&car,rg.,191
7s, boat*car,rg.,l9.
Susquehanna 6s, coup., ;9:8 .*
Delaware Division
13%
2«%
70
1st
Scbuylk. Nav.lst m.6s,rg./97
Chesapeake & Delaware
E1.&
6s,eg.’.899
,’96.
Pennsylvania 6s, coup., 1910.
102% 103
CANAL STOCKS.
do
10T
m., 6s, reg.,’84 104
do
mort. RR., rg.,’9" 104)
do m. conv. g., ^£.,’94 94)
do mort. gold, ’97
do cons. m.7s,rg.,l91
70
Morris, boat loan, reg., 1885.
60
80
20
Lehigh Navigation
•
114
106
100
Lehigh Naviga.
115% 116%
West Chester consol, pref....
West Jersey
6s, cp.,’96.
7s, ’99
•
40
108
76
Delaware Division 6s, cp.,’78.
1<'9
110
Catawlssa
do
pref
do
new pref
Delaware & Bound Brook....
East Pennsylvania
Elmira & Williamsport
do
do
pref..
Har. P. Mt. Joy & Lancaster.
m.
•
•
RR.
6s P.
Chesap. & Dela.
100
115
25
30
pref...,
1st
do
exempt, rg. & coup.
Camden & Atlantic
91%
100
CANAL BOND8.
RAILROAD STOCKS.
do
do
Nashua* Lowell
New York * New England...
106
111
County 6s, coup....
Camden City 6s, coupon ....
do
7s, reg. & coup
Delaware 6s. coupon..
Harrisburg City 6s, coupon..
99%
xlSl
104%
110
1st m.
m% Western Penn.
N. Jersey 6s, reg. and coup...
108% 109
Cheshire preferred
Cfn. Sandusky & Clev
Concord
75
Connecticut River
138
Conn. * Passumpslc
45%
Eastern (Mass.)
13%
Eastern (New Hampshire)...1
107% 107% Manchester* Lawrence
7s, lnc..i 100
new.
Boston A Providence
7s, str.lmp., reg.,’83-86*
<io
do
do
111
91
Shamokln V.& Pottsv.7s, 1901 99
00
Steubenv. & Ind. 1st, 6s, 1884.
6% Stony Creek 1st in. 7s (907....
Sunbury & Erie 1st m. 7s, ’97..
Union*Titusv. 1st m. 7s, ’90. *30
United N. J. cons. m. 6s, *94..
Warren & F. 1st m.7s, ’9§
75
WeBt Chester cons. 7s, ’91
113
West Jersey 6s, deb,, coup.,’83 82
6%
Penna. 5s, g’d, int.,reg. or cp
do
5b, cur., reg
do
5s, new, reg., 1892-1902
do
6s, 10-15, reg., ls77-’82
do
6s, 15-25, reg., 1882-’92
do
6s. In. Plane, reg.,1879
Philadelphia, 5s reeg.
do
6s, old, reg.
do 6s,n.t rg., prior to’95
do 6s, n.,rg.,1895* over
Allegheny County 5s, coup...
Allegheny City 7s, reg
Pittsburg 4s, coup., 1913
do
5s, reg. & cp., 1913
do
6s,gold, reg ... ...
do
7s, w’t’r ln,rg.*cn.
do
60
88
59
do scrip,1882
do mort., 7s, 1892-3
Phila. Wilm. & Balt. 6s,’84
Pitts. CIn. & St. Louis 7s,1900
...
95%
PHILADELPHIA.
....
....
64
STATE AND CITY BONDS.
747,90'
..
14%
63
110
Vermont* Massachusetts..
Worcester* Nashua
220,700
422.400
297.500
2,0(0,000
151.700
67,300
801,900
292.300
45,000
245.500
1.558.700
190.000
11,690,000 1,086,000 1,378,000 8,412,C00
18,108,300 1,455,500 1,445.500 11.717.400 1,763,900
3,003,900
1,000,000
4,679,300
89.400
663.600
Broadway
891,100
Mercantile.
115.300
447.200
1,000,000
3,055.800
2,433,8‘j0
179,700
Pacific
35,700
607.500
422,700
1,992,800
2,0:39.400
288,700
246.400 1.985.200
Republic
1,500,000
3,394,500
450,000
Chatham
132.400
450,000
2,856,300
509.900 2,612,000
401,000
PeoDle’s
19.200
412,500
225.500
1,341,600
1,271,010
5,400
North America..
700,000
137,000
1,640,300
172,000
1,620,000
Hanover
1/00,000
5,070,700
174.200 1,078,900
4,702,7C0
448,310
40.100
500,000
1,921,200
Irving
371.100
84,700
1.832.600
Metropolitan. .. . 3,000,000 13,632,000 1,072,000 1,455,000 10,123,000 2,248,000
Citizens’
79.300
600,000
397.400
1,420,000
247,400
1.659.100
Nassau
20.300
201.600
3,900
1,030,000 4,939,600
1.771.200
Market
69,000
1,000,000
2,539,800
387.100
1.756.600
251,000
St. Nicholas
80.100
1,000,000
177.600
1.937/00
859.600
499,100
Shoe and Leather 1,000.000
424,000
3,662,000
254,000
2.683.100
691,000
Corn Exchange.. 1,000,000
106,000
301,000
2,911,500
1.703.400
4,700
Continenial
27,410
791,000
1,230,000
3.783 700
2,956,000
779,000
Oriental.
15.600
1,354,100
300,000
175,000
1,181,800
Marine.
409,000
135,000
2,458,000
443,00)
2,387,000
355,000
Importers’&Trad 1,500,000 14.275,500 1,105,800 5.159.200 17,484,200 1,109,900
Park...
510.400 2.712.200 12,256,700
2,000,090 10,311,100
537,700
Mech. Bkg. Ass’n
124.600
32.900
500,000
617,400
489.400
293,500
Grocers’
113.600
1,300
300,000
538,609
440,800
North River
240,000
32.600
7o7,100
144,000
756,000
East River
250,000
74.200
81.700
710,300
562.400
114,400
900
Manuf’rs’ & Mer.
100,000
327,600
104.600
354.600
Fourth National. 3,5 0,000 13,051,700
598,500 2,029,300 10.433.900 1,030,709
Central National. 2,0(30,000
191,000 1,647,000 6,729,000 1,493,000
7,325,000
Second National.
300,COO
'494,000
2,058,000
2,063,000
269,000
Ninth National..
120.500
750,000
691,800
3.450,700
3; 151,000
596,500
First National...
500,000
7,847,000 1,250.500
923.900
8.863.600
45,000
Third National..
556,000 1,294,400 6,048,800
986,300
5,822,100
799,200
N. Y. Nat. Exch.
300,000
34,000
206.400
1,148,000
815.400
269,000
Bowery National.
250,000
3,500
1,114,000
217,000
806,000
221,COO
NewYork County
317.700
2(0,000
1,186,100
1.170.600
180,000
German Americ’n
750.000
2,115 500
228,300
234.500
1.985.900
Chase National..
300,000
2,137,900
95,600
354.100
184.800
2.111.900
-2,337,300
859,400
1,742,700
Rutland, preferred
168,900
116,000
267,000
197,000
2,700
302,200
29/00
14%
...
pref..
Old Colony
Portland Saco & Portsmouth
Pueblo * Arkansas
7.500
89,900
..
Greenwich
200,000
Leather Manuf’rs
600,000
Seventh Ward..
300,000
State of N.York
800,000
American Exch.. 5,000,000
Commerce.
5,000,000
do
Phil.&R.C.&I deb. 7s. cps.off
128
I
LOUIS.
St. Louis 6s, loug
+{l(
do
water 6s, gold
do
do
do
new.f
do
bridge appr., g. 6s +
do
renewal, gold, 6s.+
f
ao
sewer, g.
6s, ’9i-2-3.+
St. Loals Co. new park,g.68.+
do
cur. 7s
f
+ And interest.
90
102
108
ioi%
90
40
458
THE
QUOTATIONS
U. S. Bonds and active Railroad Stocks
are
CHRONICLE.
OF STOCKS
quoted
AND
previous
on a
Bid.
Alaoama 5s, 1833.
do
5s, 18S6.
do
8s. I8S6
do
8s, 1883. .'.
do
8s, M. & E. RPv..
do
8s, Ala. & Ch. li.
do
8s of 1S92
8s of 1893
Jc
Arkansas 6s, funded,
do¬
L. R. ft Ft.S. lss
do T’. Memphis ft L.R.
6s, new
6s,new fioat’g d ebt.
do
7s, Penitentiary.
do
6s, levee
do
83, do
do
8s, do 1875
do
8s, of 1910
do
7s, consolidated.
do
7s, small
Michigan 6s, 1873-79
do
6s, 1883
do
7s, 1890
& N.O
4
4
R. R
KR...
S
3
8
4
do
do
do
do
do
ini*%
10-441109 *
.
107k-
...
...
103
101W 103
"War loan
Kentucky Ss
105%’
i
103%!
104%
104%: 100
107%! 1015
107%'103
102
•
Albany
d b
do
lass
New bonds, J. & J
d >
A. ft O
Special tax, Class 1
do
Class 2
do
Ciasa 3
Ohio 6s, 1831
•
...
do
1886
MISCELLANEOUS
n s...
G.'c.t*(
*
*
•
•
*
*
-
-
t
‘
t
•
•
•
•
-
•
•
«
«
•
•
•
*
•
STOCKS
AND
>*
...
6svconso)., fid series
...
...
...
•
...
.
.
_
.
...
.
167%'
.
.
.
....
.
..
.
.
■
• •••
.
...
.
—
..
.
•
...
..
.
*•1
.
—
.
Ittlscel’ou* Stoclfs.
Atlantic ft Pa -,. Tel
Am. District Telegraph...
Canton Co., Baltimore
American Coal
......
Cumberland Coal
ft
j
19%
,i
....
iron.!
!
j iOswego 7s
!!Poughkeepsie Water
0%)! Rochester C. Wafer hd«
8s. wate
wate , 1894-’94
| ... ; Toledo
Toledo 8s.
•
—
•
•
•
.
■
.
i‘
iao.q
iMarietta ft Cin.
JHD
4««i
nsol. is, '902
(!Mleh. Cent., conso’
\1 0
| Toledo 7-30&.
m. bs.
s.f.
8S2,
108^ 10 >% Yonkcr3 Water.due 190.3
jj
do
1st
do
I1
uiprnent
bonds.'
—
i
equlj
iBi'jHori.
latmort.
26
21
—
Maryland Coal
do
do
...
J
.
Consolldat’n Coal of Md.
|
reg.,
j
Cons, coup., 2d..; 7105
Cons, reg.,2d...
loo
..
..
.
!(New Jersey Soutnern
...
.
Pennsylvania Coal
i 140
Spring Mountain Coal... !
Mariposa L. ft M. Co
do
do
pref.
JntarP Silver Alining....
.
S7%
103
109
two
1105
t’08
tioo
tins
1109
i70
i70
104
79
70
107
fill
100
.
ted.
-ssente'!.'
Ch.Mll.ft St.P.letm.Ss.P.l
2d m. 7 3-19, (b !
do
do
IStTe, fg .R.Li
do
1st m.,LaC.D.j
do
Istm.jI.&M..
.
,32% i
so
I
88
do State Aid bonds.
90
Vli
i
; j Dan. Urb. Bl. ft P. 1st m. 7s, g.
do Land Grant bonds..
190
9/
Western Pacific bonds
Denver & Rio Grande 7s. gold,
103
:
Southern Pac. of Cal., 1st m.j
i Erie ft Pittsburgh 1st 7s.
do
Union Pacific, 1st mort. b’dt; 107
con. ni. ,7s..
;li)7%i
do
Land grants, 7s.i 105;'
do
too I
7s, equip.
do
Sinking lund...
"j 501%: Evansville & Crawfordsv., 7s
Pacific R. of Mo., 1st mort..
104% 1105
do
2d mort...
101
do
Income, 7s.
Fort W., Jackson ft Sag. 8s,
do
1
l8tCaron’t B
South Pac. of Mo., 1st m.
! Grand R.& Ind. 1st 7s, l.g., f
1-4:% j {-5
do
Kansas Pac., 1st m. Gs, 1695.. 110 )
ist .s, 1. g., not g
oo
with coup, c fs. 103 ; 104
doi
1st ex 1. g. 7
do 1st m.. 6s, 1896
iGrand River Valley 8s, let ir.
+110
do
with coup.ctfs
Ho
us.
ft
Gt/N.
1st
j 100%
7s, g., cert
do 1st, 7s, Lea\ en.br.,’9»
o1
do
w ith coup, cifs
do
Jj ! 4?%'
West, db
do 1st, 7-'«R.&L.G.D’d.’99 7 ... 1 82
do
Waco....
j
do
with Coup. ctfs...
do
consol.
72%: 75
do 1st in.. 7i, I’d gr., ’SO.
do
with coup, ctfs
,11*
82
do 2d mort.,7s. 183:5.
13%;.... i!j International ^Texiisj 1st g%.
do
with coupon ctf
15% ... jilnt.
II. & G. N. conv. 8s
j1
do
Tnc. cp.No. li on
Jack. L. ft S. 8s,Istm./‘white1
I9lf,j 15
do Inc. cp. No. 16 on 1916.
35%; 17 ;! Kal. Allegan, ft G. li. 8s, gr..
...
|
.
:
.
,
....
!
gH
68
45
60
60
119% 120
105
•
60
55
2)
20
25
pw
Aft
-
1J
30
f
80
80
29
34
32
35
*"*
‘
93
8s
106
ilM6
104% 105
108 ' i08V.ll
103
" 1
;’
.
1
36%
43%
91%
•
f99
100
j
....
j!
j
....
....
tioi%
H
..
price nominal.
t And accrued interest.
JNo price to-day
;
cons.
7s.
5. Tenn.&Va. 6s,eml.Tenn
L Teun. Va. ft Ga. 1st. 7s.
Stock
leorgia iili. 7s
6a
Mock
7s. guar
lacon ft Augusta bond;
fid endorsed
..
iemphls ft CUa’ston 1st
64%
93
...
.
..
72%
64
90
fid 7b
5-tOCk
femnh. ft Little liock 1st
lississippl Cent. Ist m. 7t
fid mort. Ss
fid mort., ex coupon?..
Use.
ft Tenn. 1st m. 8s, j
J
1st
mort., 8s, B
|
63% B
' Sterling ex cert. 6s
8b, interest
20
102
101
80
107
76
*03
105
83
105
....
43
10%
25
91
7%
34
25
114
93
40
fid mort. 8s
...
.
.,
J 1. O. & Jacks. 1st m. 8a..
Certificate, fid mort 8s.
A [ashvllle Chat. & St. L. 7
1st, ns, Tenn. ft Pac. t<r.
v
lst,6a,McM.M.W.*Al.Br
H
>
1st mort. 7b.
fid mort. 8s
r
9
90
90
.
95
100% 102
35
45
1C4
107
93
101
7J
75
90
£2
35%
*96
100
*98
100
80
7
40
102
75
35
98
102
84
108
82
63
63
45
15
103
86
1 !0
84
65
65
50
20
no
101
101
99
90%
....
mi
80
Ss.
0►range & Alex
/.as,6b.. •••..•
3dB,8s
4ths,Ss
76
35
12
ist m. 8s.
N
fid mort.
100
'
04
78
40
20
90
H
ft Potomac 6a.
Li
mort. 7e.
P
luthwestern, Ga., stock.
S Carolina IiR. 1st m. 7s.
Cba’ston ft Sav.
.
^
100
95
li 2
88
L
8 avannah ft Char.let in. 7i
rt0
85
92
30
9
60
95
40
20
35
l(ki% 108
68
72
78
82
102
104% 103
7e, 1902, low Nos
7s, non mori
L04
7
20
93
65
65
99% 100
75% S
<
74
102%
btock
.
T
Stock.
,
101
62
62
on.
Consol., end.by Savan’n
,
'sfi-%
»
i<
53
90
...
j
•••«
RAILROADS.
m. 8s,ena
Receiver’s Cert’s (var’s)
fit Untie ft Gulf, consol...
....
61
92
87
85
TO
58
84
.«•••
8s,gold
.
98
88
!
.
.
95
80
50
....
11 (HV
Wllm’ton’,N.C.,68,g. t coup
87
78
105
1(1
40
48
*84
...
•
7S
22h
90 ~
99
84
-v
20
20
35
48
35
90
90
32
37
94
78%
105
10 L
91
52
40
..
....
5s
Consolidated6s...
Railroad, 6s
Wharf improvem’ts,7-30
•
35
do
1st m., I. & 1).
30O%!
01%
do
1st m.,H. ft I). 109
1st m.. C. & M.
do
106
do
consol.slnk.fd
9s%; 99
99
do
2d in
100 »
I
Pennsylvania RE—
Kalamazoo ft South H. 8s, gr..
do 1st mM7s, I.ftD.Ea
97 ! 97%
Pitts. Ft. W.
Chic., 1st in.. 321% 123 ilKai’.sas Cityft Cameron 10s... f304
Chic, ft N. AYest. sink, fd
10 7%
do
do
2dm..i 11H%(
( Keokuk ft Des Moines 1st 7s... 73
do
lnt. bonds, X104
do
do
do
2dm.
funded lnt. 8s
80
107%illl
do
consol, bds'xl id
Cleve. ft Pitts., c'ODsok. s.f. I 109%; x
fLong Island IiR., 1st mol t. ... 101
do
ext’n bds.. if 105
do
4th mort
*
105%! 107% ; Louisv. ft Nashv. cons. m. 7s. 104%
do
1st mort.. if 107
Col. Chic, ft Ind. C., 1st mori!
do
fid m„ 7s, g..
52%. £3
86%
do
cp.gld.bds j log
do
do
103%'
fid mort;
15 I....
i Michigan Air Line 8s, 1890
1104%
do
reg. do
*30 I 32 ! doiitclair ft G. lj.ist 7s, (new;.
32
lOv^iijRome
ft
Og..xmn.
Watert’ii
1st;
Iowa Midland, 1st m. 8a.
100% 101% j St. L. ft Iron Mountain, 1st m.j 101% 109 I! MO. K.& Tex. 1st 7s, g., 1904-’1)6
42%
Galena ft Chicago Ext .j lo5
do
do
fid m..;
;
do
2d m. income...
9%
Peninsula 1st m., conv.
St. L. Alton & T. H.,lst iii oi:. i 106
,115
1U8 i|N. J. Midland 1st 7s, gold
23
Chic. & Milw., 1st mort.
do
fid mori.,piul..!
108%
66
72 | n'.Y. Elevated IiR., 1st ra
Winona & St. P., 1st in.
do
! 6
102%!
fid mort. inc’mc:
28% 32 j j N. Y. ft Osw. Mid. 1st
do
2d mort.
!X90
Bellevlile ft S. Ill.R. ist in. 8s, 790
i
92
do recelv’s ctfs.Gaborj
27
C.C.C.&lnd’e 1st m.7s,SF. x!07 IllH
Tol. Peoria ft Warsaw, 1st fi,.L .
do
do
20
(other)
do
consol, in. bdJ
87
do
1st
w.
d.
i'
D
) 8
Omaha ft Southwestern IiR. as 113
Del. Lack, ft West., 2d in. 103-% 1104
do
Div
i
pu>iingt’n
86
jiOswego ft Rome 73, guar
do
7s, conv. 103%; 105
do
fid mort...
i
!; Peoria Pekin ft J. 1st mort.... *20
do
inert.. 7s, 1907 103
104
do
'‘onsol.fo...:
Oar Co. stock.
j;Puiiman
Palace
74%
Syr. BLngh.ft N.Y. ift.Ts
!101
do P.Com. t cpts.lst.EJD
94
95
do
92
bds., 8s, 4th series
Morris ft Essex, ist. m..
do
315%| x
do
95 hst, L. ft I. Mt. (Ark. Br.) 7s, g.
70
1st,
791
W.D|
2d mort..
do
107
co
do
Bur. D
50
|Sc. L. ft San F., fid in., class A.
do
bonds, 1900.
do 1st pref. Inc for 21M
do
2S
do
class B.
do
85
do
do
construct’n,
fo. cons’d
do
24
do
class C.
do
100
7s, of 1871 j 97
Tol. ft Wabash, ist, m eXccue. 125
St. L.&So’east. cons.7fi,go!d,’94.
30
do
1st con. guar.!
ex
do
90% 90%
ooupon
St. Louis Vandalla ft T. H. 1st. *29
104% 105
V 6
!09
Del.&Hud.Canal, 1st rn.,’84
do
Istm.St.L. dlv
300
do
60
fi’d, guar
do
do 189;,
do
96%| 97%
ex-matured coup....
S2%
Sandusky Mans. & Newark 7s.
do
1st extended
do
fid mort
90
95
South Side, L. I., 1st m. bonds.
;loo%
85 :
do
96
9 )
coup. <s, 1694
do
Extended, ex coup., xG9% 70
do
sink. fund...
20
do
98
do
reg. 7s, 1894
equip’t bonds.......
10
South. Minn. 1st mort. 7s, ’S3..
98
111
113
do
Albany ft Susq. 1st bds.
con. convert
T 53
Southern Mnn., 7s. 1st.
83
do
d ijn
98
96
do Ex. Auir..,78.ft prov’s x
Tol. Can. S. ft Det. 1st 7s. g
40
\
*
97
40
•.
new
Ha. ft Chatt.lst
.
66
54
39
54
90
laehv ille 6s,‘ old !..*!.'.' * *.’!!
6s, new
lew Orb ans prein. 5s
,
asset
Imp. bonde
.
!
do
do
Am. Dock ft
do
do
N
95
20
100
.
...
I
assened.l
6s, funded
lonigomery,
08
106
10L
100
52
72
67
97
65
40
35
90
40
.
...
conv
95
103
Endorsed, M. ft C. RK,.
Mobile 5a (coups, on)
8s (coupons on)
103%
•
St.L.Jack.ft Chic.,1st in.! 103%.
Chic. Bur.ft Q. 8 p.c.,l8tin!$!ll%!ll2
do
consol. m.7si 114 ' 114%
do
5s sink, fun l! f90
Ch .P k'.I.ft P. .e.f .lnc.6B,’95.1
68,1917, coupon
! 109% 110
6e, 1917, regiet’d.
! J09%;109%
Central of in. J., 1st in.,’90! ll3w>!
do
102
Bonds A and B
43
...
do
income.
d">
eink'g fund
Joliet ft Chicago,iei m.
Co. ft Mo., 1st m., guar..
Lehigh & W.B. con.guai;
tioi
bonds, 7s
Memphis bonds C
113
109
100
t97
108
tl02
1112
1113
Lynchburg
6s
Macon
%05
->96% 100
111
-108
115
'112
1100% j 102
tn»% 111%
101%
82
72
104
113
115
..
M.ftS.
7s, gold, 1892*1910 .J.&J
7s, gold. 1904
J.&J
10s, pension, 1894.. J.&J.
100
CITIES.
111
Atlanta, Ga., 7s
8s.
101%
M00
Waterworks
109
Augusta, Ga„ 7s, bonds.
106% Charleston stock 6s
109
Charleston. S. C., 7s,'F. L. j1
111
Columbus, Ga., 7s, bonds.
...
px ror.r
do
,
Texas fs, 1692...
44
73
48
42
70
40
100
79
£8
S. Carolina con. 6s (good)
Rejected (beat sort)
X
.
Chicago ft Alton 1st iriort.
71
6H%
£8
Georgia 6s, 187y-’89
X
.
es
6K
77%
73
.
..
*
33
#
77,%
.
(Stock Exchange l*ricev >
Poet.a R. & krle, 1st m..
do
guar
bur.C. lift North., 1st 5s...
Mlnn.ft St.L.,1st 7s gua
Cn8et • ft UlilO oS, 1st in.
do 1st coneo’.. do
rsseHtcd.!
C
•
,.
Railroad Bonds.
do
do
do
do
.
....
107%
107
•
Or,
.
90
^
.
*
6%
STATES.
Alabama new consols, A.
B, 5s
‘80
t75
100
78
.
....
*
....
Soutli’ii Securities.
{Brokers' Quotations.)
RAILROADS.
16
ist m. 7e
„
Union ft Logansport <s...
Un. Pacific, So. Br., 6a, g..
x*69
"N. Y. Central 6s, 1833
44
103%; x ! Atcliffon ft P. Peak, 6s. gold.
Boston ft N. Y. Air Line, 1st r 1 102
do
6s, 1687
106,%'.
do
6s, real octal
74
102-% x
[Cairo ft Fulton, 1st 7s, gold..
do
97
6s, subscription, 10.2 Vx 10 3 'California Pac. PJi., 7e, gold
'
do
do ft Hudson, 1st m., coup1 119%; 120
6s, 2d m
84
'Central of Iowa Istm. 7s, gold.
do
do
let jn., reg. j 119%jl20
37
Hudson R. 7s, 2d m., s.f., I88; j7ll0^i....
I Chic, ft Can. South istm. g. 7s.
18
5
Canada South., 1st guar..
% iChic. ft Ea-it. Ill. 1st mort., 6s
60
do
.2d in. Inc. 7s.
Harlem, 1st mort. 7s,coup...! 117%
15
do
do
7s. reg
! 118%: x S'Chfc & Mien. L. Sh. 1st 88,’89. r....
North Missouri, 1st mort
j 194%:.... jjCh.bf.P. & Vi inneap , 6s,g.,new X80
Ohio ft Miss., consol, sink, fd
102% 103 j! do
45
do
1. gr., Cs, g...
do
consolidated.... 102%
f!Chlc. ft S’thwcstern 7s, guar
91
do
2d do
09
ro
ft
1st
|:Cin. Lafayette Chic.,
in.,
70
J
si',
do
1st feprlug. dlv.. j
j; Col. ft Hock V. 1st 7g, 80 year3. tJ03%
do
Pacific Railroads—
lit 73,10 years
199
do
2d 7s, 20 3 ears.
Central Pacific gold bonds .j 1C 6% 106]
+H0
do San Joaquin
50
brarckj ^o%‘ 90 ;; Connecticut Yullcy «s
do Cal. ft Oregon 1st
!!Connecticut
Western
or
91%
18
—
30
•
*77
j
ibs
103
105
....
..
31%
28%
BONDS.
.......
.
’lk
80
M
5s, deferred bonds
D. of Columbia 3’65s, !9U.
2%!
do
small
do
registered
12')
.
,
25%
25
22
2fi
21
70
52
new series..
3
....
f
r
...
6s,
do
1857
6s, consol, bonis
6s, ex matured coup.,...
10
104
110
,
6s,
1
6
....
1%
.
do
.......
...
20
...
V.rglnia 6s, old
5a, new bonds, 1636
....
*
....
(•
....
5
5
5
20
Non-fundable bonds
Tennessee 6s,old
do
6s, new
•
Ask.
107
20
’93-4
April & Oct
Funding act, 136ii
Land CM 1389, J. ft J
Land C., 133), A. ft O
•
Id
•
•
2
1
'I)K. I'U» I
do
fo
n
x 112
Rees, ft Saratoga, 1st coup
do
Albany ft Susquehanna..
79 ! 80
et reg...
do
Burl. C. Rap. ft Northern.'
2J mort., Exft Nov.,’I7,coui< '.
i
5 112%
x
En<% 1st mort. extended
Chicago & Alton.
87%....
gurney <z Toledo, 1st m.. “
x
do
do
endorsed
do
do ex mat. ft Nov.,’77,i
pref
l'>2%
I
2d
Cleve. Col. Cln. & I
do
7s, 1379
Illinois ft So. Iowa, 1st n
51% •31 % 11 do
103%.
t
Sd
Cleve. & Pittsburg, guar
do
do
83
! 1015% i
7s, 1883
do
ex coupon.
>
4th
do
do
Col. Chic. & I Cent
5
7s, 1880
Han. & Cent. Missouri, it
4%
102% 10’%
n
? 109
110
Pekin Linc’ln ft DecVr.ls
Dubuque & Sioux City.
:
j do 5th do 7s, 1888.
n
Krle pref
W ec tern U nion Tel.. 1900, c
7s, cons., rnort., g’d bds i
j
! do
Harlem...,
do
130%: do Long Dock bonds
110%' 111
j
do
reg...,
Joliet A; Chicago..
"i j Bull. N. Y. ft K. 1st.n;., 1916... 1’ 9%;10it%!!
miscellaneous
Else,
Kansas Pacific
Han.
ft
St.
99:-.!
i
Jo.,
8s.
mort.
j
11 | 12 [
99%'!
(Brokers' flotations.)
Long Island
;Ill. Cen.—Dub.&Sicux O./'TimflOfi 11.00 '
Missouri Kansas ft Terns
do
do
2a tiiv.%116
|
CITIES.
I Cedar F. ft Minn., list rnort..! fS7%i
Nashv. Chat. & St. Louis,
Albany, N. Y., 6s, long
New York Elevated ID*.,
Indianap. Bl. & W., 1st mort... 724
I Buffalo Water, long
N. Y. New Haven ft, 11 art.
15 -‘K1159
|
do
do
2d mort.
f.
|Chlcago6s. long dates
Ohio & Mississippi, pref
Lake Shore—
ji
do
Vs, sewerage
Pitta. Ft. W. & Ch., guar..
X
98
j Mich S. ft N. ind.. S.F., 7 p.c.
do
7s, water
I Cieve. ft Tol. sinking fund..-- ilU% 1 ! I
do
do
special.! so
do
78, river Improvem’t
do
•
Rensselaer ft Saratoga
new-bonds... |
110
1
.' Cleveland 7s, long
Rome Watertown ft Og. |
i
Cleve. P’ville ft Ash., old bds! 103
...
i iDetroit Water Works 7s.
do
St. Louis Alton ft T. H....!
do
new bds < 109
2
j'Elizabeth City, 1880-1907.
do
do
!
Buffalo ft Erie, new bonds...! 110%
pref. i
5
!!
do
1885-93
Belleville* So. Ill.,pref
Buffalo & State Line “s
! 1U2
i! Hartford 6s, various
i Kalamazoo ft W. Pigeon. Uti 100%
St. L. I. Mt & Southern...
11% 12
jj Indianapolis 7-30s
St. L. K. C. ft North’ll,pref
Det. Mon. ft Tol.,1st 7s, 1906 ; 10S
».|Long Island City
Terre Haute ft lnd’polls..
i Lake Shore DIv. bonds
j 110
j iNewark City 7s 'long
do
Cons. coup..1 st.'
United N.J.Ii. ft C
do
J
Water 7e, long...
i
do
i 12
Cons,
1st.
•
•
16%
34
80
80
6)
0J
9
9
9
Funding ant, '.865
•
103 H. 107
AND
ft buaq.
•
!....
iowA
do 1847..
RAILROAD
•
101
lOo
.
Bali road Slocks.
]
(Active prer.i'usly quot'd.)]
...
«
•
15%
..
..
...
Bid.
7a of 1883
do
A. & O
W C. UR
J. & J
do
..A.& O*....
do coup, off, J. & J
do
do
off. A. & O
...
HIM!
do
133d or *83.
do
138s
do
13 q..
do
1883.
do
1889 or’9 h.
or Un.,due 1893...
do
121
122
122
.,
i
•
•
.
102%!
Asylum
Funding, due 1834-5...
Han. ft St. Jos., due 1885..
102V,
10 :i ~
do
do
coup. .!8S7.
loan.. .1833.
5a
do
do
.1891.
do
do
1891.
t!S,
do
.1393
f.s. do
1 'Orth Carolina—
8s, old. J. &?T
74
he.
par may
.
Riode Island 6s, cp.,
SDuth Carolina cte
Jan. & Julv
113
113
gold,ireg... .1887.,
.
Missouri 6s, due 1378
107
3.00
M.
17
BBCUBITIKB.
New fork Stace63,
6a,
52
19k.
Bid.
ssouarTiKs.
:
52
YORK.
BONDS.
Ask.
52
52
52
52
do
do
4
4
Georgia 6s
do
7s, new bonds—
do
78, endorsed.
do
7s, gold bonds...
Illinois 6s, coupon, 1879...
do
Louisiana 6s.
20
20
21
.......
Bid.
SRCURITIKS
42
42
42
42
•
do 7s, L. R.P. B.
do 78, Miss. O. &
do 7s, Ark. Cent.
Connecticut 6s
sk.
IN NEW
Prices represent the per cent value, whatever the
par/e.
STATE
BECTTXEI'f’IES.
BONDS
| Vol. XXV11.
6s, end.
Y Test Ala., 1st mort. 8s...
2d m.bs, guar
V
*85*
95
18
102
80
LC5
86
90
.
,
,
*5
id
30
105
104
40
ICO
1(6
P
T
3
V
Coneoi.
90
25
15
40
conn.,...
V
tnese a.c latest quotations made tuis week.
20
80
30
•
•
9 •
•
-
-
82
40
'
'
S
\
November 2,
THE CHRONICLE.
1878. |
459
OPERAl IONS FOR SIX MONTHS ENDING JUNE
AND
of earnings and
operating expenses (monthly) for the six months
ending June 30, 1878, as compared with 187?. The totals are as
below, and it will be remembered that the mileage operated was
1,660 miles at the opening of 1877, and 2,074 miles at tlie
beginning of 1878.
STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement is published on tbe last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
office,
as
only
a
sufficient number is printed to supply regular
subscribers. One number of the
Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
in that shape.
ANNUAL
V
REPORTS.
Gross
Operat’g Earnings
Gross
Operat’g Earnings
Earnings, Expenses, over
Earnings. Expenses, over
in Coin & coin and Cpemt'g in Coin & coin and
Operat’g
Carrency. Currency. Expeu.
Currency. Currency. ExDen.
41,122,884 $713,633 $-109,250 $1,095,767 $562,542 $531,2.44
Month.
January
February
911.818
593 664
March
313,154
967.510
1,204..'=47
5*4,890
April
May
723,195
63 *.736
647,955
655,484
590,191
1,217,716
1,522.983
1,533,654
1.451,800
587.060
1,387,269
1,494,322
1,34’ ,495
489,'51
739,314
833,837
750,304.
669,372
913 615
929,760•
800,700
June
Central Pacific Railroad.
Totals...
(For the year ending December 81, 1877.)
The annual
report of this company for the year 1877 is just
The pamphlet also contains tbe report of earnings
and expenses for six months later, to July 1, 1878.
Tbe remarks
of the pieaident, Mr. Leland Stanford, are brief as usual.
He
.
$7,466,138 $3,526,124 $3,540,014
says :
the
last session
65’,894
651,100
$7,839,537 $3,630,860 $4,208,676
FREIGHT AND PASSENGER BUSINESS.
The tables below give detai:s of
both freight and passengers.
of
Congress there was passed what is
known as the * Thurman Bill,’ which, in its provisions, is in
conflict with the contract which your company made with the
Government under the Act of 1862, and which, if constitutional,
will seriously affect the welfare of the company.
The company
has always lived up to the spirit ar d lei ter of the contract, and
the Government has never complained that it did otherwise.
The company accepted the loan of the bonds of tbe Government
at a time when they were far below par, in gold; and the road
was so far completed as to give to the Government its use seven
years earlier than the contract required, thereby*saving to the
United {S ates, annually, a sum far in excess of what it has been
calhdupon to pay out in interest. The company, with a due
regard or its own welfare, could not have afforded to hasten the
contraction of the road as it did, and accept the lean of these
depreciated bonds, except upon tbe theory of a contract—
which has been sustained by the Supreme Court of the United
States—that it would not be called upon to pay the interest until
tbe maturity of the bonds. For that purpose, # the
company
has alredy provided a sinking fund, but until the constitutionality
of the Thurman Bill can be determined that sicking fund must
be held in abeyance.
Under the theory of that bill, the aid
derived by tbe company from tbe Government, instead of having
been a benefit, would prove a serious injury.
It would Lave
been tar better for the company to have taken the full time for
the completion of its road, relying upon its own means and
credit, than to have accepted the so-called Government aid.
We
are advised
by counsel that the Thurman B 11 is as clearly
unconstitutional as it is unquestionably unjust.
Aside from the
clear legal meaning of the Acts of 1862 and 1864, the debates
upon their passage show the intention of Congress, and also show
that the construction placed upon those Acts ny your company is
correct.
A just regard for the rights of your company will make
it the duty of your board of directors to test Hi.,
constitutionality
of tbe Thurman Bill, unless
otherwise 'instruct'd by the
4'2/il9
Note.—The earnings and operating expenses for the month of June, 1878,
are estimated; but the accouuts for the month were so
nearly written up that
there will oe little variation in the actiul re-ult.
published.
“At
30, 1878.
The freshest part of the Central Pacific
report, and that which
has most interest for tbe holders of its securities, is the statement
the business of the year in
FREIGHT CAItHED.
Local fr.ight
'through freight
Company’s freight
Total
1876.
Pounds
1877.
Pounds.
1,850 622,684
377 547,959
658,010 531
1,551.0 0,390
344.478,461
733,618,130
...2,830,171,174
2/31,176,981
Of the local freight, there were forwarded from the
districts to tbe general markets 831,014.504 pounds
100,462,250 pounds in 1877.
In through
decrease in 4877 of 8*23 per
and a decrease in tons Lauled
a
cent
c.ne
or
mile
agricultural
in 1870, and
freight
there was
pounds,
81.000,498
of
8 23 peT
cent.
Company’s freight hauled increased over previous year 11*41 per
cent, or 75,087,130 pouuds, and in tons hauled one mile 70*100 of
one per cent.
Exclusive of grain forwarded to the general mar¬
kets, the local traffic shows an increase in 1877 o; 4*67 p;-r cent,
71,001,181 pounds. There was a decrease in grain traffic of
51 52 per cent tonnage, and 50*44 per cent
earnings in*1877, com¬
pared with 1870.
The foregoing report, is for the Central Pacific Riilroad and all
leased lines except the California Pacific Railroad and the Stockton &
Copperopolis Railroad.
Below is a statement of the
tonnage and mileage of the Central Pacific Railroad, including
or
tbe last six months of *1877 for the California Pacific Railroad and
the Stockton & Copperopolis Railroad:
Tonnage
Tons hanied
1.943.356,880
163,217,833
149,516. r31&
53,808,34 %
in pounds.
Local
freight
Through freight
Company's freight
316,478,461
755,314,420
Total
The
one
3,045,149,761
number of
passengers
carried
over tbe
the years
363,542, ;G9%
Central Pacific
1876 and 1877
Railroad, boih through and local, for
were
as follows.
Tbe figures given for through
represent the travel
Francisco and
stockholders.
mile.
passengers
between tbe termini of the main line, San
Ogden.
PASSENGERS CAimiED.
“The recent
ruling of the Secretary of the Interior in relation to
Eastward. Westw’d.
Total. Eastward. WeBtw’d. Total.
the right of settlers to pre-empt the lands granted 10 the com¬
Through—rail...
37,855
60,565
98.4*20
31,247
47,435
78.682
pany, if legal, would bear with much hardship upon the Local—rail. /
352,753
338.529
631, >82
537,350
542,903 1,080.253
interests of the company; but we are advised by counsel that,
do
ferry & rail 2,379,566 2,003,391 4,982,957 2,690.527 2,9*. 1,094 5,661,6*1
under the law, illustrated by a recent decision of the
Supreme.
Total
2,770,174 *3,002,485 5,772,659 3 259,12 4 3,561,432 6,8*20,566
Court of the United States, his ruling is not legal, and that the
The average distance traveled by each passenger was 26*64
interests of your company can not be seriously jeopardiz'd
thereby.
The equities are clearly with tbe company. Ir. has always been miles in 1877, and the average charge per mile, per passenger,
ready to dispose of its lands at r< asoi able rates, adapting, as a was 3*02 cents
18^2. 1873. 1874. -1875. 1S76. 1877.
rule, a valuation about twenty-five per cent below what similar
Average number of mUes traveled by
lands, similarly located, are held by private parties. It has been
each passenger
35*33,36*85 34 77 '35*35 29*90 26*64
impossible for the company to sHI all its lands. and more Ave age charge per mile per passen¬
ger, in cents
3*27
3*24
3*02
3*83
3*63
3*52
particularly tbe very large portion that was withheld from the
EARNINGS AND EXPENSES FOR THE YEAR 1877.
company by the Government until October. 1874, as security fur
Coin.
Earnings.
the completion of tbe road according to contract.
Currency.
$6,624,163
$3,113,935
It was deemed advisable by your b jard of directors, in view Freight
Passenger..
3,298,534
2,185,169
of tbe paseage of tbe Thurman Bill, not to declare the u«ual Express
141.844
'
85,064
Mnil
2.443
270,896
April dividend. In this action tbe board was also influenced by Miscellaneous
2
8,426
4,770
a desire to
extinguish the floating cL-bt of i he company, repre¬ bleeping car
66,898
1C0.592
sented by additions and increased betterments to the
10,766
122,042
company’s Telegraph
Rental
54,210
3,733
property.”
“
.
MILES
Tbe report
account ot
,
Baggage
OPERATED.
13,735
Mileage
of the general superintendent gives the following
...
Wharfage
’
*9.1 65
39,161
19,125
*25 952
mileage:
The number of
miles operated, including
based lines,
December 81.1S76, was 1,6<>0 46-100 miles; since which time there
has been laid a short piece of track between Fruitvale and
Fernside, 18-100 of a mile. Additions have been made and ro*ds
opened up to business at different times during the year, as
follows:
10,637,328
Total earnings
Operating expenses
Northern Railway—J8n. 15, ’“7, Shell Mound to Delaware St.
(Berkeley). 2*46
Southern Pacflc Railroad—Feb 1, 1877, Huron to Goshen
40 00
March 8, 1877, Indio to Dob PnlmaB.
30*70
April 29, 1677, l)oe Pa'maB to Pilot Knob
79*10
May 23, 1877. Pilot Knob to Colorado River
8*00
Sept 30, 1677. Colorado River to Yuma, Arizona
140
Los Angeles & San DU go Railroad-Dec. 17, ’77, Anaheim to Santa Anna 6 99
t al. Pac. RR
—(InclV tir. line between tan Francisco and So. Vallejo) .139*62
Lob At)gele-< & Jnue endence Railroad
17*01
Northern Railway—Between Woodlund and Williams
39*24
Stockton Jk Copperopolis Railroad
4900
-
$7,718,666
$16,471,144
$55,750
7.718,666
Total
Miles.
'..
Total
operating
expenses
..
$7,774,417
...
warnings
$16,471,144
Operating expenses
7.774,117
...
Making total miles operated Dec. 31,1877, 2,074 7-100.
KarniDgs over
or era ting expenses
.*...
$8,‘'96,726
Statement of
earnings and operating expenses for the years
1874,1875, 1876 and 1S77—total ccin and currency:
Earnings
Grogs
Earnings.
*874
1675....
18*6
1877
$13,611,020
15.665.081
16,994,2’6
16,471,144
Operating
Expenses.
$5,26V-3l
6,4*7,199
7.857,211
7,774,417
over
Operating
Expense*.
$<<,342,898
9,177.882
9,137.004
8,696,726
460
THE CHRONICLE.
STATEMENT OF PROFIT AND LOSS FOR YEAR
1877.
Interest..
Taxes
380,445
General and miscellaneous expenses
Legal expenses
146,112
Oivil engineering
Discount and currency receipts
310,397
Dividends Nos. 7 and 8
4,342,040
Land department expenses to date
$420,159
Less sales
406,54713,610
Stockton & Copperopolis Railroad expenses to Jane 30....
174,635
Less earnings
166,453—
8,181
Leased railroads
coin.
2,236,927
Leased railroads
currency.
99,256
Balance
8,656,466
-
48c’5?o
J2,045
Balance to credit of this account,
$20,294,929
$10,265,589
Jan., 1877
Earnings for
year 1877
Less expense of operating
Interest and sinking funds
$16,471,144
7,774,417—8,696,726
189,247
Operating river steamers and barges
64,537
California Pacific Railroad, to June 80,1877
$1,326,632
Less expense of operating
819,806— 506,326
.672 land grant bonds redeemed with proceeds of land sales
572,000
—
Balance brought down, January 1, 1878.
CONDBN8ED BALANCE
.
1876-7.
Passenger department
To—
By—
1188772--4635.
fVoL. XXVII,
$20,234,926
8,656,466
SHEET, DEC. 31, 1877.
Freight department
$2,682,124
3,790,781
307,693
-
Miscellaneous
Total
$6,7*0,598
4,612,766
Expenses
Net earnings
The maximum of gross
1872-3, and of
$2,167,832
earnings on this road was reached in
earnings in 1875-6, as appears by the fol¬
net
lowing table:
Gross earng’s.
$9,798,032
8,963,127
7,869.953
7,104,758
'
INCOME
expenses. Net earn’s.
$7,561,159
6,548,:11
5,37 U0*
Equipment.
$134,247,167
7,693,671
.
Real estate
Shops.
1,328,567
982,374
Machinery in shops
664,712
147,126
Furniture, telegraph instruments, safes, &c...
Steamers, Sacramento River
;Sinking fund for convertible mortgage bonds,,
do
for California State Aid bonds
do
for first mortgage bonds of series A, B, C and D
do
for first mortgage bonds of series E.
F, G, H and I...
do
firBt mort. bonds of the West. Pacific, series A & B..
do
of fir.-t mort. bonds of the Cal. & Oregon, series A...
715,301
993.2 9
562,005
562,005
379,116
....
do
of fiist mort. bonds of Cal. &
Materials in shops.
do
do
Fuel.
Cash
51,794
207,177
Oregon Div., series B..
207,177
869,907
instore
for track repairs.
46,178
623,358
e50.146
1,290,lb9
By—
Capital stock
Funded debt
'
Trustees of land graut mortgage,
Unclaimed dividends
$152,221,238
$54,275,500
54,835,000
856,041
10,798
coin
Hospital Fund
63,523
Government bonds
Profit and loss
Balance of Accounts
27,855,680
8.656,466
5,618,223
Dividends, eight
Interest
Dividends
ACCOUNT, 1877-78.
on
per
$2,219,536
cent
$1,600,000
485,158
leased roads
$59,377
$2,380,395
59,b77
As to the late decision of
the Pacific
railroads, it is
14,711
Total surplns September 30, 1877
$2,425,060
•
falling off in the gross receipts, owing to
continued depression in business
circles, but by judicious
management the expenses have been kept down. No addition
has been made to the construction account
during the year, all
the improvements
having been charged to expenditures.
During the year the number of freight cars was increased from
5,037 to 5,434; three, engines were re-built and the
passenger
equipment fully maintained. The company has re-placed 14
wooden bridges, 859 feet in
all, with iron, and has built 61*15
miles of sidings.
a
DOING8 IN TRANSPORTATION.
The
operations in each of the past two
years were as follows
1877-78.
Train
mileage
Passengers carried
Passenger mileage
Tons freight cafried
Tonnage mileage
Average receipts:
1876-77.
5,045,728
5,293,351
5,024,183
5,200,641
101,221,955
2,642,555
Per passenger per mile
Per ton per mile
103,278,126
2,601,657
329,708,573
313,822,671
2*240 cents.
1129 cents.
2*310 cents.
1 20? cents
Grand Trunk of Canada.
(For the half-year ending June 30, 1878.)
following is from the report of the directors for the halfending June 30, 1878:
The
Secretary Schurz affecting lands of
an
$2,439,772
Less uncollectible accounts.
There has been
-
75,000— $2,160,158
Surplus not divided
Surplus at commencement of year
Add surplus September 30, not divided
$152,221,238
LAND DEPARTMENT.
2.438,050
3,777,520
2 166,844
2,219,536
Net earnings in 1878, as above
From this deduct—
To—
Construction
$2,236,872
2,414,916
4,327,418
4,612,766
4,413,997
6,779,610
6,633,533
;
.-.
Opert’g
important point, and
one
not
generally noticed, that the valuable lands of the California &
Oregon railroad covered by the Central Pacific land mortgage, do
not come wiihin the
scope of the decision.
The land grant from the United States Government to the
Central
Pacific Railroad Company of 12.800 acres per mile, for 742 miles
is.
Deduct for lands previously granted and reserved,
say
year
The gmss receipts upon the whole
the Buffalo and Champlain
lines,
Less discount on American
1877.
undertaking, including
have been...,
Deduct working expenses (at rate
against 77*23 for June half of 1877)
Acres
£874,711
,
currency
14,325
of
75*73 per
cent,
9,497,600
1,500,010
Leaves
7,997,600
The laud grant to the California & Oregon Railroad of
12,890 acres
per mile, for 291 miles, is
3,724,800
Less interest
on
postal and military bonds not retired....
Leaving.
Applicable for the following payments—
Interest, &c.. paid on lands
temporary loans, &c
“
“
Total
11,722,400
Since the execution of
1678,
£883,807
2,804
£860,386
£ 861,003
£664,467
£667,253
£195 919
£213,750
16,596
540
£179,323
£213,210
.
British-American Land Company debentures
Montreal Seminary debentures
£3,021
2,057
616
the land trust
mortgage, October 1,
616
Island Pond debentures
1870, there have been sold to December 31, 1877, 403,75i acres
2,700
Atlantic & St. Lawrence lease
of land, for $2,926,363, being an
52,554
average of $7 25 per acre. Of
Lewiston & Auburn Railway rent
1,849
these, there were sold in 1875 29,254 acres, for $163,725,
Detroit line lease
averaging
11,250
Montreal & Champlain bond interest....
About $5 60 per acre ; in 1876, 36,503 acres, for
$275,400, averag¬
8,530
Buffalo & Lake Huron rent.
ing about $7 54 per acre; in 1877, 92,647 acres, for $1,203,870,
34,500
First equipment bond interest
12,6:-9
averaging about $12 99£ per acre.
Second equipment bond interest
15,000
There has been paid to the trustees under the land trust
Five per cent perpetual debenture stock
mort¬
67,156
gage, up to December 31, 1877, the sum of $1,894,058 in poin.
There remained due and unpaid December
£212,541
31,1877, on the lands Showing a balance of.
668
Bold since October 1, 1870, $1,503,640 in coin. The trustees
under
the land grant mortgage report
under date of July 1, 1878, that
£213,210
The amount brought forward from the last
they received from the land department of the company $524,976,
half-year was £49,«luriDg the six months ending Dec. 31, 1877, and during the six 953, out|of which a dividend on the first preference stock, at the
months ending June 30, 1878,
$297,361; and had on hand July 1, rate of 3 per cent per annum, for the December half-year was
1878, $1,153,404. [$1,100,000 of land grant bonds were afterward paid on the 1st March last, absorbing £48,224, and
leaving £1,728,
which, added to the present balance, leaves £2,397 to be carried
purchased in August.]
to the next half-year’s account.
The passage receipts were less
Boston & Albany.
by £3,911, or 1*83 per cent, though the numbers were increased
by 10,389, or 1*20 per cent, as compared with 1877. The
(For the year ending September 30.1878.)
receipts
from freight traffic increased
£12,815, or 2*18 per cent, and the
This is the first of the prominent trunk
lines, whose fiscal tonnage increased 103,172 tons, or 9 80 per cent. The total number
years terminate with September 30, to report its operations. The
of passengers carried was 876,361,
as against 865,972; and the
receipts and expenditures for the year ending September
30,1878, quantity of freight was 1,156,045, against 1,052,873 tons. The
were as follows:
average receipt per passenger was 5s. 4|d., against 5s. 6|d., and
RECEIPT*.
per ton of freight 10s. 4£d., against 11s. 2d.
From passengers ....;
The charges for
$2,275,351
From freight
repairs
and renewals of road and rolling stock compare with 1877
3,721,436
From other sources
as follows : 1878, £235,693 ; 1877,
£215,253.
636,745- $6,633,533
During the half-year, £1,049,959 five per cent perpetual deben¬
EXPENDITURES.
ture stock has been issued,
Repairs of roadway
principally for the exchange or
$P07,777
Repairs of engines
redemption
of pre-preferential securities, and the following have
300.674
Repairs of
“
“
..
pussenger and freight cars
Repairs of buildings, ferry, etc
■Transportation expenses
Last year,
1876-7, the eamiegs and
been thus absorbed:
Postal and military service bends for
Mout. & Champ. 8 per cent 2d mortgage
bonds
Fir-^t equipment 6 per cent mortgage bonds.
International bridge bonds 6 par cent
2,719,221
General expenses
Net balance of income
490,427
233.9)3
61,961-
$2,219,536
*
expenses were
$4,413,997
as
follows
:
Sundry moitgages 6
Total
per
.
cent..
i........
£l,156,9fO
*
76,027
76,700
45,400
8,294
£1,363,222
.
November 2,
THE CHRONICLE.
1878.]
By the Grand Trunk Consolidated Debenture
provided as follows :
it is
Stock Act, 1874,
“
6. From time to time, as and when any preferential
charge shall be pur
•chased, exchanged, redeemed, or otherwise required by the
company, the
interest or annual income which would otherwise have been or
become paya¬
ble in respect of such preferential charge shall thenceforth he
applied in aid of
the interest payable on the debenture stock hereby authorized to
be oreated,and
the security to wbich such preferential
charge would otherwise have been
entitled shall continue as security, pro tanto. for the benefit of the
said deben¬
ture stock as if su^h preferential charge were still
existing, and such interest
shall continue payab'e, and such
security shall continue to subsist in favor of
debenture stock, until, by one or other of the means
aforesaid, the whole of
the preferential charges
461
| the United States,
taxable
a National Bank, in arriving at the amount of
capital stock beyond the amount invested in United
States bonds, shall be allowed to deduct the
amount
invested in
fifty-year 3 65 funding bonds of the District of Columbia issued
under the Act of June 20,1874.
The Attorney-General has filed
his
opinion, in which he says:
The District of Columbia was on
expiring corporation, and a’ a
legal entity it ceased to exist by the operation of this act. Thecorporate
Sinking
Fund Commissioners derived their
powers, functions and authority from the
United States; and tne issuing of these bonds was the means
provided by the
United States by which certain liabilities of the
District were to be
discharged. As the corporation thus ceased to exist, and as the bonds were
prepared and issued by the Commissioners of the Sinking Fund under
the
authority of the United States, and the faith of the United States was
pledged
to provide by legislation for the
of
payment
principal and interest upon the
same, as well by proportional appropriations from its
treasury as by causing
to be levied upon the
property in the District such taxes as would provide the
revenue necessary for the payment of the interest on
said bonds and create a
sinking fund for the payment of the principal at maturity, it must be
considered that these are obligations of the United States
to the payment of
the interest and principal of which its faith is
solemnly pledged. * * *
shall have been extinguished.”
The annual interest of such
charges or securities converted
into debenture stock up to the close of the
half-year amounted
to £83,480.
As regards the International
the Grand
Bridge,
Trunk Company have now received shares in the
bridge com
pany for the balance of £141,678, wbich has been expended in
providing accommodation on the Buffalo side of the Niagara
River, and for works necessary to the due completion and practi¬
cal woiking of the
It would seem to be clear that the fact that
undertaking. There has been a reduction in United
they are obligations of the
States does not dispose of t’ce
the charges against capital account of
question whether tney are to be
£383,171, arising out of included within the amountjexempted
under
*
this statute.
*
*
the
It could
conversion of postal and military bonds into debenture not have been
within the contemplation of Coneress at the time
when the act
stock.
The whole charge against
was originally passed, nor at the time of the
capital for new works and
revision, to include the bonds of
rolling stock was £12,733. The “ Loans” which stood in the the District of Columbia within those exempt from taxation under Sectiorf
5,214 of the Revised Statutes, because
•corresponding half-year of 1877 at £261,042 have been paid off. that they could have been included bythey were not in existence. It is true
subsequent legisla ion. It is import¬
ant in this connection to observe that in all the
legislation relating to the
bonds in question, they are never
spoken of as “United States bonds,” but
always as the bonds of the
of
GENERAL INVESTMENT
NEWS.
District
to which I arrive upon
Columbia.”
*
*
*
The conclusion
this point is, that the “bends of the District of
“United States bonds” within the
meaning of Section
Columbia’1 are not
5,214 of the Revised Statutes.
I have considered the inquiry
with relation to Section 5,214 of the Revised
Statutes, although the question refers to Section 5.215, as the expression in
the latter must be governed by its use in the former section.
As the purpose
of your inquiry is to determine whether these bonds
are to be treated as
Umted States bonds in arriving at the amount of taxable
capital stocks of
National banks, it is proper to considerjwhether the fact that the
bonds of the
District of Columbia are exempt from taxation authorizes their
deduction
from the amount of capital stock over and above that
which is invested in
United States bonds, properly so-called, in
ascertaining the amount of
taxable capital stock.
Atlantic Miss. & Ohio.—In the foreclosure
proceedings at
to allow the Dutch bond¬
holders to be made parties defendant to the
suit, as the trustees
are acting for them as well as for the
English bondholders. He
stated, however, that should occasion arise requiring an appeal,
the petitioners will then be considered
parties for that purpose.
•Judge Hughes dissented. The Court next took up the motion
submitted by the trustees and English bondholders for the fore¬
closure of morrgage|and sale of the
road, which was argued at
The Attorney-General declares that the tax in
length, and Judge Bond ordered a reference of the report of the
question is a tax
He is compelled, therefore, to come to the
upon franchise.
master back to him for a new
report of the assets of the com¬ result,
that, in estimating the capital stock of National banks
pany, with its liabilities and the liens upon the property in
just which is liable to duty, there cannot
be deducted therefrom the
order, to be returned in thirty days. The case upon the original
Richmond, Va., Judge Bond declined
3-65 bonds of
the District of Columbia ‘which
they now own.
for final hearing on January 15.
The franchise tax is imposed without reference to the
inquiry
Chicago Milwaukee & St. Paul.—The extension of this com¬ whether property is invested in taxable or non-taxable securities.
pany’s Iowa & Dakota Division is now completed to Sheldon, Iowa,
Elizabeth City (N. J.) Finances.—At a
the crossing of the Sioux
meeting of the
City & St. Paul Road, which is 24 citizens of
miles west from the last point
Elizabeth, the financial condition of the city was
noted and 84 miles from the old
reported to be as follows:
terminus at Algona. This makes the Iowa & Dakota Division
210
Liabilities—Bonded debt, $4,774 500; floating debt,
miles long, from Calmar to Sheldon, and
$927,000;
completes a fifth line State and
across Iowa, ending
county tax for 1878, $100,802; unexpended appropria¬
(by using the Sioux City & St. Paul) at Sioux
City. The line is to go through to the western boundary of the tion-, $87,070; due on contracts, $48,155 ; total, $5,907,528.
Assets—Cash in treasury, $40,465; cash in
State, and will be built some 15 miles beyond Sheldon this fall.
sinking fund,
$21,055; unpaid assessments, $1,805,150; interest, $50,000;
—Railroad. Gazette.
bonds in sinking fund, $117,500; tax arrears,
$345,352; interest
Cincinnati City Loan.—In the matter of the
application for on arrearages, $80,000; unpaid taxes for 1878, $270,307; total,
an injunction
against the issue of the 12,000,000 loan for the 52,729,831.
completion of the Cincinnati Southern Railroad, the Superior
Illinois & St. Louis Bridge and St. Louis Tunnel Rail¬
Court, Cinn., decided that the loan is constitutional and the bonds
road.—The
committee of re-organization in London have
legal, and refused to grant the injunction.
given
notice that the following bonds have been deposited with
them,
Cincinnati Sandusky & Cleveland.—The annual
report of upon the bases of the agreements dated 28th August, 1878:
this company shows the
following for the year ending June 30:
Bridge, 1st mortgage
£6'0,600 I Bridge, 3d mortgage #«•••••••« £283,000
Gross earnings
324,400 | Tunnel mortgage
$714,323 Bridge, 2d mortgage
199,200
Expenses, taxes, etc
It is also stated that the amount of bonds thus
534,217
deposited is
Leaving net earnings
$179,906 largely in excess of the proportions of the several mortgages
This shows a decrease in
gross earnings of $5,804, an increase required to enable the committee to proceed with the receiver’s
of $4,240 in expenses, and a decrease in net
plan, and they have
earnings of $10,044. decree of sale, whichapplied to the Court at St. Louis for the
Included in the above-named
they expect will shortly be made.
Bond¬
expenses are the cost of 1,000 tons
holders who do not deposit their bonds will be excluded from
new steel rails and 70,987 new ties for
re-laying the track
re-building three bridges over the Scioto, Olentangy and Mad the benefit of the plan, and they are therefore recommended to
rivers at Kenton, Columbus and West
Liberty, and of narrowing sign the agreements and surrender the bonds without delay.
the entire track to a uniform
Indianapolis Bloomington & Western.— The
gauge of four feet nine inches.
press
The floating debt shows an increase of
$52,213, which is more despatches from Bloomington, III., Oct. 30, say that the sale of the
apparent than real, as past due maturing coupons are
included, Indianapolis Bloomington & Western Railroad, by order of the
and these are n
to be paid in cash, but
funded, in all covering United States Court, to satisfy the claims of the first mortgage
a period of three
years’ interest on the same mortgage bonds; bondholders, took place on that day. It was bought on the first bid
and the funding of the coupons and the issue of
scrip certificates by Mr. J. D. Campbell, for Messrs. Taintor and Blossom, of New
therefor, under the provisions of the agreement, are now York, a committee of the first mortgage bondholders sent to bid
it in, and brought $1,000,000. Fifty thousand dollars had first
progressing favorably and will be completed soon.
been deposited as a guaranty of good faith ;
$50,000 more was
Delaware & Hudson Canal.—The earnings
and
expenses
of
paid
down, and the rest is to be paid when the United States
the railroads owned and leased
by this company for the month Court confirms the sale. The total of the first
mortgage bonds is
of August are reported from London as follows:*
$5,000,000, including the $2,000,000 bonds of the Danville Urbana
Alb.&Susq. Bl. & P. road. In distribution of the
proceeds these latter bonds
All roads.
only.
Gross earnings, August, 1877
take at their par value, and the
$67,369
Indianapolis
Bloomington &
•Gross earninge, August, 1878
95,320 Western firsts of $3,000,000 at 50 per cent of their par value.
Expenses, August, -877
37,968 The buyers estimate
total preferred claims for which they
Expenses, August, 1878
39,875
Net earnings, Augnst, 1877
are responsible at about $700,000.
After the sale a company
29,40i
Net earnings, August, 1878
was
55,444
organized in accordance with the Illinois law, with a
Increase in gross earnings, August, 1878
27,651 capital of $2,800,000.
Increase in net earnings, August, 1878
The stockholders are: R. E. Williams,
26,043
W. Peck, Chicago; George W. Parker,
Bloomington;
Fred.
District of Columbia.—The District Commissioners have
Charleston; John L. Farwell, i\ew Hampshire; John D.
ordered that a tax be levied of $1 50 on
every $100 of real estate Campbell, Iowa ; Charles L. Capen, Bloomington ; George S. C.
not exempted by law;
except on real property held exclusively Dow, Brooklyn.
President, John L. Farwell; Secretary and
for agricultural purposes without the limits of the
cities of Treasurer, Charles L. Capen; Directors, Messrs.
Parker, Speck
Washington and Georgetown, and so designated by the assessors and Campbell. The Indiana company cannot
yet be formed.
in their annual report, the rate shall be
The extension branch from Champaign, Ill., to Havana,
$1 on every $100^ and
Ill., a
upon all personal property in the District of Columbia, not
tax^’ ['distance of 100 miles, was not included in the sale, but will he
ble elsewhere, $1 50 on every $100,
according to the cash valua gold under a separate order of court.
The date of this sale
tion thereon.
has not yet been fixed. The total amount of bonds
outstanding
—On the 27th of September,
Attorney-General Devens was on this branch is $3,285,000, but the remainder of the total issue
requested by Secretary Sherman to express an opinion whether, authorized, amounting to
$2,215,000, has all been hypothecated
cinder the provisions of Section 5,215 of the Revised
Statutes of to secure the floating debt of the company.
motion will
come
up
462
THE CHRONICLE.
James RiYer & Kanawha Canal.—A suit has been institute
City Court of Richmond, Va., against the James River &
in the
Kanawha Canal
Company,
Jenkins, and other holders
by
Thomas
Wilson, Thomas C.
that
of the first mortgage bonds of
company.
Lonisville & Nashville.—The Louisv\Y ({Courier-Journal
says
of this company: “Mr. H. Victor
Newcomb, Vice-President,
of the Louisville & Nashville Railroad
Company, returned home
Saturday, from a visit to London, England, where he has been
engaged in very important financial transactions connected with
the corporation he represents. The
particulars of Mr. Newcomb’s
negotiations have not transpired, but it is understood that he
succeeded in making such arrangements with Messrs.
Baring
Bros. & Co. as will enable his company to
liquidate the greater
part of its floating debt, and thus place it in an easier and stronger
financial condition than it probably has ever before
enjoyed.
The result of the negotiations can not be otherwise than most
advantageous to the interests of the stockholders of the company
and the market value of all its
securities, and, in connection with
the unprecedentedly
large traffic now being thrown upon every
part of the road, will not fail to greatly enhance the credit and
prestige of Lou'eville’s great corporation, in whose prosperity the
city and all classes of citizens are to much interested.”
Montclair & Greenwood Lake.—A meeting for the
purpose
of re-organ’zing the Montclair & Greenwood Lake
Railway
Company was held on Wednesday at Taylor’s Hotel, Jersey City.
It was called by the committee
appointed by the bondholders to
purchase the road at its recent sale, Messrs. Cvrus W. Field,
Abram S. Hewitt and John B. Dumont.
The Times report says
that the committee did not call a general meeting of bonoholders,
hut only of 45 persons in addition to themselves.
These 15
persons were
designated as the “ associates ” of the purchasing
the re-organization of the road.
Notwithstanding
committee in
the 1 mit of the call, other bondholders attended the
meeting,
and when the proceedings were opened about 50
persons were in
the room.
The proceedings were stormy, and
personal alterca¬
tions were violent.
The purchasing committee and associates
adopted, for the re-organized road, the name “The New York &
Greenwood Lake Railroad Company.”
The following board of
directors was elected.: Abram S. Ilewitt., President; Cyrus W.
Field, Smith Ely. Jr., Samuel J. Tilden, E. D. Morgan, George J.
Rice, Cortlandt Parker, B. W. Spencer and Hugh J. Jewett,
although Mr. Tilden’s representative, Mr C. N. Jordan, said that
he would not serve.
The capital stock of the new
company was
fixed at $1,000,000, in shares of $50 each.
After the announcement of the result of the
election, and just
as the meeting was about to
adjourn, the following protest was
presented:
“The undersigned, bondholders of the Montclair & Greenwood
Lake Railway Company, for and on whoee account the
property
has been purchased, protest against the
proceedings of this
meeting, as organized under the rule of the Chairman.” The
protest was signed by C. N. Jordan, agent; Charles W. Haesler,
Henry Wheeler, Charles M. Schott, Jr., William O. McDowell,
agent, John C. Lloyd, and George T. Stearns, agent.
Although this protest was not handed in until Mayor Ely had
declared the meeting adjourned, it was
accepted by the Secretary,
Mr. William L. Raymond, and entered by him
upon the minutes.
New York & Boston.—The New York & Boston Railroad Com¬
pany, through the Farmers’ Loan & Tru>t Company, has trans¬
ferred 531062-3230Q35 shares of stock of the road, to Jesse
Se'.igman and John C. Brown, trustees, and
976488-3230835 shares by
Herman R. Baltzer and William G. Taaks, receivers, to the New
York & Northern Railroad
Camp&ny, the consideration being
2,900 ah arcs' of the Stock of the latter company at its par value
of
$100 per share, and bonds of the company amounting to
$65,000. All claims of the old company against Seligman and
Brown, trustees, are transferred to George H. Scott and Oliver H.
Palmer, trustees, for 1,510 shares of the New York & Northern
Railroad Company and $34,000 in bonds,
Seligman an! Brown
transferring to the new company their stock in the old road for
1,590 shares of common stock and $35,000 of bonds in the re-or¬
ganized
company.
New York
City Budget. —The Board of Estimate
and Appor¬
adopted the provisional estimates of the various
departments of the city government for 1879. The estimates
show but a trifling reduction as compared with 1878 on the
great
majority of items, and only on the Department of Public Works
and interest on the city debt is there any material saving to be
made.
The judicial salaries paid in the city of New York are
Bimply enormous, and these are kept up to the highest figure of
the Tweed regime—$15,000 to $17,000 per year—when the cost of
living and business incomes in general have fallen off one-third.
Real estate in New York is groaning und^r the enormous burden
of taxation, and there is
hardly a sane business man who do s not
$819,666 55.
believe that one-third of the gross amount of taxation could be
off, and the city affairs still he administered with quite as
much efficiency, and with fully a
|rreat benefits to tbe citizens, if
it were only possible to introduce the executive
management
which business men ordinarily exercise in the direction of their
own affairs.
The following communication was submitted to the
Board by Comptroller Kelly :
“
“
“
To the Board
“I
Finance Department,
Gomptboller’s Office, October 31. 1878.
of Estimate and Appci tionment:
have the
honor
to
present
the
provisional estimate,
)
.
whole amount would otherwise have to be added to the
tax
for 1879.
The taxpayers are thus relieved of the burden of
ing the entire
mental estimates for 1879, and the amounts allowed
in tbe
provisional estimate for 1879.
Respectfully,John Kelly, Comptroller.”
“
Objects and Purposes.
The Common Council
The Mayoralty
.-.
Department of Finance
State taxes
Interest
on
the
city debt
Redemption of the city debt
...
.....
...
Armories and drill rooms—Rent?
Amounts
Amounts
allowed,
1878.
allied fur,
1879.
estimate}
$107,500
$114,5r0
$107,250
42,GO0
225,000
3,751,062
8,79! ,lo3
1,165,599
46,000
42,000
225,(ICO
3.911,326
242,500
1,155,297
Dept, of Public Charities aud Correction.
Health
Department.
Police Department
Fire Department
Department of Taxes and Assessments...
70.175
61.200
148,0(0
1,611,100
143,00)
1,796,5. s0
66",9-0
< 6,000
1,355,541
311.(00
70. OTO
1,1(0.000
190,00)
218,416
4,106,611
1,22.',670
108,90:1
1.29 •,842
106,800
,
3,400,000
Conego of tbe City of New York
Advertising, printing,sta!ionery and blank
boobs
70,000
1,090,000
175,000
3,956,500
1,214,970
106,800
133,200
329,800
850,225
155,000
170,726
948,840
1,121,181
942,240
£30,101,077
$30,956,072
$29,284,470
$319,606
1,671,602
Salaries—Judiciary
853,225
70,00.)
30,000
st.tutious.
1,500,100
356,090
164,200
6,400
861,025
80,000
40,0r0
143,500
92,870
135,000
133,000
.
62,259
3'0,000
61,200
143,000
3,400,000
329.8 0
Asylums, reformatories and charitable in-
1879.
3.584,'00
140,000
Salaries—Citv courts
on
400,030
3,599.895
Board of Education
on
62.250
300,000
Department of Buildings
Rednct’on
Reduction
3,751,062
8,790,153
1,165,5!9
69.037
Judgments
Rente—Leases in force
Law Dep rtmeut
Department of PubTc Works
Det artment of Public Parks
Coroners’ fees
Sheriff’s fees
Electi n expenses
Miscellaneous-:
-
Provis’nal
3
-
amounts allowed for 1878
amsunts asked for 1879...
135,0*00
70,000
30,000
135,000
92,120
New York
City Elevated Railroad.—Bids for 6,750 shares of
capital stock of the New York Eievated Road and $675,000
of its first mortgage bonds were
opened at the company’s offices
yesterday. Under the charter of the company, none of the stock
can be sold under
par, and it was all taken at that figure.
The
mortgage bonds were sold at from 45 to 85 per cent.
the
N. Y. &
at
Oswego Midland.—The
committee of
seven
recent
appointed
meeting of the holders of receiver’s certificates of the
New York & Oswego Midland Railway met
and organized. A
resolution was passed inviting a conference with the holders of
first mortgage bonds of the road for
Friday next. According to
a
plan of re-organization proposed, the receiver’s certificates are
to be made a prior lien, and tbe road will not be
passed into the
hands of the first mortgage bondholders until the interest on
these certificates has been paid for three successive
years. By
this plan common stock will be issued to the holders of first
mortgage bonds, and all others will be wiped out. There will be
a
mortgage of $200,000 to pay the foreclosure expenses, which
will be raised by subscription, and which will have to be
paid
out of the first earnings of the road.
The amount of preferred
a
stock or income bonds to be issued to tbe holders of receiver’s
certificates will be $2,000,000 at five to seven per cent
interest,
and common stock amounting to $13,000,000 will be
given to the
holders of first mortgage bonds.
Ohio &
re
Mississippi*—The American Exchange
construction
committee
of
the
Ohio &
says: “ The
Mississippi Railroad
Company has recently held a number of consultations relative to
devising some plan for the re-organization of their property.
They have finally adjourned, and Mr. Scarborough, the only
member of the committee residing out of the city of New
York,
lias returned home.
It is stated that the committee concluded
that it would be useless to attempt to assess the stockholders of
tbe company, or, rather, to ask them to make any contributions
towards its re construction, and that, therefore,
they have
decided to recommend to the directors the commencement of the
foreclosure proceedings under tbe second
mortgage.
We are
informed that it is the wish of the committee that it shall be
understood that the foreclosure proceedings are to be of an amic¬
able nature, and tka- the stockholders will be called
upon to
pay only a very trifling sum upon th*ir shares, simply to
provide for the local expenses of the proceedings. But from
another source it is intimated that the procedure will be likely
to
convey
the entire property into the hands of the Baltimore &
when too late, will
they have been left out in the cold.”
as
upon, for the year 1879.
Tbe total amount of appropria¬
tions made for the next fiscal year shows a reduction, as
levy
pay¬
amount next year.
The following table exhibits
comparatively the appropriations made for all purposes in the
final estimate for 1878, the amounts asked for
by the depart¬
’tGfefo Company, and that the stockholders,
..j*
that
agreed
compared with that of the final estimate for the present
The amount appropriated for.expenses of the
city
government is reduced, and also the amount of interest on the
city debt, on account of a reduction jn the amount of the city
debt, and of the rate of interest to 5 per cent on a portion of the
debt recently funded under the
provisions of an act passed June
3, 1878,. commonly known as the ‘Bonded Indebtedness act.’
On State taxes there is a decrease of
$160,264 47. City bonds and
stocks issued by authority of laws
making them payable from
taxation fall due in the year 1879 to the amount of
$4,447,155 85.
The amount to be raised by tax for the
payment of these bonds
and stocks has been fixed
by tbe Commissioners of the Sinking
Fund, under the provisions of the act referred to, at $1,000,000.
The remainder will be provided for under the same act.
The
tionment have
cut
[vol xxm
year, of
Omaha & Northwe-tern.—This road was sold under fore¬
at Omaha on the 24th insr. to the Union Trust Co. of this
city, who bought the property at a nominal price for the benefit
of bondholders. A reorganization will take place.
closure
November 2,
THE CHRONICLE.
1878. J
COTTON.
Friday, P. M., November 1, 1878.
TnE Movement of the Crop, as indicated
by our telegrams
from the South to-night, is given below. For the week
ending
this evening (Nov. 1). the total receipts have reached
157,280
bales, against 163,236 bales last week, 160,233 bales the previous
week, and 148,158 bales three weeks since; making the total
receipts since the 1st of September, 1878, 1,005,355 bales, against
732,374 bales lor the same period of 1877, showing an increase since
September 1,1878, of 272,98 L bales. The details of the receipts for
this week (as per telegraph) and for the
corresponding weeks of
four previous years are as follows:
(ghe (Ehwwmml 3*iraes.
^OmiSrHaiTepitomk
Friday Night, November 1.
There is
463
improved tone in commercial circles. The week
farther decline in values of staples of agricul¬
ture, prices haying been reached in some cases mucli below
the previous expedience of any now in trade.
This fact is
regarded as assuring the future—the worst is believed to have
passed. Often before, during the past six years, has the same
Receipts this w’k at
1878.
1877.
1876.
1S75.
been said ; but now business men seem inclined to act
1874.
upon the
New
Orleans
idea, and not content themselves with asserting it to each other.
16,G1I
50,09S
54,280
48,245
34,950
7,669
The weather is seasonable, and this greatly promotes many Mobile
14,707
18,771
12,726
11,914
Charleston
25,385
28,698
30,398
22,079
18,746
branches of trade. Quarantines, set up over vast sections to
Port Royal, &c
251
162
3,173
1,022
1,222
guard against yellow lever, have been mostly removed, and the Savannah
33,622
29,775
27,196
21,167
34,993
recently isolated sections are again taking moderate quantities of Galveston
26,813
17,621
24,452
22,696
13,417
Indianola, &c
8 84
383
560
847
goods.
677
Tennessee, &c
7,782
2,514
8,159
8,833
There was a material decline in pork, lard, bacon, &
5,412
but Florida
'163
3,591
391
464
528
some
recovery towards the close, especially in lard.
To-day, Nurtn Carolina
ooo
7,206
7,902
5,173
3,558
pork was rather firmer on the spot, but at the close the bids :for Norfolk
20,464
24,953
33,108
20,337
20,956
future delivery were, for old, $7 05 for November and $7 70 for City Point, &o
6,276
3,635
1,979
1,291
1,640
December, and for new, $8 75 for January and $8 80 for Feb¬
Total this week
157,280 177,336
201,904
175,244
148,013
Lard declined to $6 20 for prime Western on the spot
ruary.
Total since Sept. 1. 1,005,355
732,374(1,009,547
915,744
800,197
1
and $6 15 for November, but to-day closed at $6 27^ on the
spot,
The exports for the week
ending tins evening reacli a total of
$0 25 for November, $3 30 for December, $6 37£ for January,
115,047 bales, of which 69,233 were to Great Britain, 12,555 to
and $6 42£ for February. Bacon ha3 been more active at
5£c. for France, and 33,259 to rest of the Continent, while the stocks as
Western short clear, November delivery, here, and 4£c. for
long made up this evening are now 424,154 bales. Below are the
and short clear, December delivery, at the West; and there has stocks and exports for the week, and also for the
corresponding
been a good deal done in dry-salted shoulders for December de¬ week of last season.
Week
EXPORTED TO—
STOCK.
Same
livery at the West at
[ Total
per lb. City hams, pickled and smoked,
i
ending
this
Week
Great
Conti¬
have declined about lc. a pound. Western beef continues nomi¬
1877.
Nov. 1. Britain. France. nent. 1 Week.
1S78.
1877.
nal, but there lias been a fair business in Philadelphia India mess
N. OiTns
5,415
4,849
15,503
5,214
36,053 52,039 110,354
at about $18 50@$19 per tierce.
Tallow has declined to 6£©6fc. Mobile..
4,151 14,177 25,174
for prime to choice.
Butter is barely steady, and cheese has de¬ CharPt’n
8,263
1,618
5,650
15,536
7,345 85,654 63,200
clined to 8£@9£c. for prime to choice factories. A large sale of Sa van'll.
24,376
1,425 15,267
41,068
16,105 106,266 63,734
Galv’t’n6,139
2,619
4,530
prime city stearine was made at 7c.
13,338
77,311 60,290
N. York.
9,606 45,374 37,920
14,783
Kentucky tobacco has been dull. The sales for the week are Norfolk- 12,739 2,044
5,704
8,739 17,830 25,526
5,701
only 650 hlids., of which 550 were for export and 100 for home Other*..
6,562
2,548
9,110
5,879 25,500 35,000
consumption. Prices are steady; lugs, 2£@5c., and leaf, 5£@12c.
Tot. this
Seed leaf, on the contrary, has been quite active for the season,
week..
69,233 12,555 33,259
-
an
has witnessed
a
'
n
4
„
—
...
1
....
....
....
....
....
....
....
and sales foot.up 2,760 cases, as follows: 350 cases, 1877 crop,
New England, 14£ to 25c.; 1,600 do., 1877 crop, Pennsylvania,
9 to 16£c.; 810 do., 1877 crop,
^tobacco also
more
Wisconsin, part at 6
active, and sales
are
to 7£c.
Spanish
1,050 bales Havana
at
85c.@$l 10. ‘
There have been fair sales of Rio
coffees, the lower grades
showing weakness and irregularity, while the better descriptions
have maintained prices with steadiness; fair to prime cargoes
quoted at 15@16£c. gold. Mild grades are steady, with late sales
of 4,400 mats Java and 3,366 bag3 Maracaibo, in lots for con¬
sumption within our range; also, 2,240 bags St. Domingo, in
transit to Europe. Rice and molasses have been rather quiet, but
are quoted steady.
Refined sugars have been dull and more or
lees easy ; standard crushed 9$c. Raw grades are barely steady,
under a continued dullness.
Fair to good refining Cuba 7^@7fc.
Hhda.
57,278
28,189
31,479
51,988
Stock Nov.
1, 1376
The demands for
Boxes.
9,110
13,771
65.471
13,229
9,661
22,635
18,457
14,918
freight
Bags.
.
79.90»
222,965
159,305
113,565
1,240
1,23 i
20s.742
1,772
1,1*9
73,597
1,713
87,881 124,154 421,198
Tot.since
Sept.
1.1
318,682
29,653
84,507
432,842
252,910
......
*
The exnorr.s this weex under the head of •* other ports”
include, from Balti¬
more. 1,64S bales to Bre uea
; from Boston, 1.8*5 bales
Liverpool: from Phlla lelphla, 600 bale* to Live
pool; from Wilmington, 4,037 bales to Liverpool,
and 9j0 to Antwerp.
In addition to above exports, our
telegrams to-night also give
the following amounts of cotton on
shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use
by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
us
On
NOV.
1, AT—
New Orleans
Mobile
...
Savannah
Galveston
New York
Liver¬
Shipboard, not cleared—for
pool.
France.
5,500
3,874
26,000
15,179
6,250
Coast¬
wise.
Total.
15,000
3,000
None.
26,750
1,500
3,000
1,863
8,874
49,200
29,057
500
5,200
5,304
Not
Leaving
Other
Foreign
15,000
6,711
Stock.
25,250
5,303
57,066
48,257
*
ree
Total
50,553 17,254 39,711
6,363 113,881
135,876
Included in this amount there are
bales at Presses tor foreign
ports, the destination of which we cannot learn.
*
From the foregoing
statement it will be seen that, compared
with the
corresponding week of last season, there is an increase
in the
exports this week of 27,166 bales, while the stocks to-night
are 2,956 bales more
than they were at this time a year ago. The
following is our usual table showing the movement of cotton at
allthe ports from Sept. 1 to Oct. 25, the latest mail dates*.
both by berth and char¬
are firm,
and in several an advance is noted ; grain to Liverpool,
by steam,
8d.; cotton, 5-16d.; flour, 3s. 6d.; bacon, 35@37s. fid.; cheese, 45@
receipts since
EXPORTED SINCE SEPT. 1 TO—
47s. 6d.; grain to London, by steam, 8£d.; do., by sail, 7-Jd.;
SEPT. 1.
Ports.
Stock.
Great
flour, 2s. 61.; grain to Glasgow, by steam, 6d.; do. to Bristol, by
1 Other
Total.
1878.
1877.
Britain. France. Foreign
sail, 8d.; flour, by steam, 3s.; grain to Havre, 5@5s. 7-£d. per qr.;
74,448 103,459
25,511
5,107
32,527 46,071
1,909
do. to Havre or Antwerp, 5s. 6d.; do. to Cork for orders, 6s.; do. N.Orlns
50,863
Mobile.
29,865
6,G80
6,680 11,324
to Oporto, 19c. per bushel; naphtha to Liverpool, 4s.; refined
Char’n* 171,675
90,982
25,181
6,922 17,878
49,981 79,807
petroleum to Cork for orders, 4s, 6d.; do. to Oporto, 5s.; do. to the Sav’h.. 247,254 122,686 39,524 1,250 22,923
63,697 119,101
Galv.*. 146,092
United Kingdom, 4s.
88,287
19,608
3,087
1,572
21,267 68,943
14,381
732
1,817
67,958
2,854
71,544 40,002
The business in naval stores has been of little importance, yet N. York
Florida
610
5,613
prices in 'the main have remaiued steady; spirits turpentine N. Car.
33,108
22,962
11,287
11,287 11,850
closing at 28f@29c., and common to good strained rosin $1 37£@ Norfk* 112,374 64,037 25,449
25,449 21,800
1 42£. Petroleum lias continued dull and wholly nominal, the Other..
13,265
28,251
4,335
4,112
32,363 17,500
4one at the Creek and the absence of. an export demand
placing This yr. 848,075
249,419 17,098 51,248 317,795.416,398
the market in a very unsatisfactory position ; crude, in bulk, 5c.,
555,038 136,491 10.965! 17,5731 165.029 364,212
Lastyr.
and refined, in bbls., at 9^C. Ingot copper has remained
steady,
# Under tha dead ol <Jiiarle-itou tslnoludeu Port Royal, &e.: under che head of
With 200,000 lbs. sold at 15|c. Grass seeds are steadier at
6k@
&£i8 laCiUdel ladlanQ?a’&c,; uuder *e dead of mfolk 18 Included Clty
7£c. per lb. for clover, and $1 15@1 20 per bush for timothy.
J
These mail returns do not correspond precisely with the total
ocean
room,
ter, have continued quite liberal; rates in all instances
’
Melado.
1,765
115,047
*
......
.....
......
......
......
......
......
••••••
464
THE CHRONICLE.
of the
telegraphic figures, because in preparing them it is always
incorporate every correction made at the ports.
Cotton on the spot has, until
to-day, continued to decline. On
Wednesday quotations were reduced to 9fc for middling uplands,
the lowest figure since late in the autumn
of 1860, and there
were in the
morning sales at 9±c. There has been a moderate
demand for consumption, and
something has been done in transit;
but transactions for
export were limited, and in the aggregate
the volume of business in
spots for the week is small. To-day,
however, there was a marked improvement,
middling uplands
being quoted at 9 7-lCc., or l-16c. better, with liberal sales for
export and in transitu. Futures declined rapidly until Wednes¬
day morning, when were made the lowest figures of the week, of
the season, and since the
organization of our Cotton Exchange,
as follows:
October 9*06, Nov. 9*06, Dec.
9T5, Jan. 9*25, Feb.
9 34, March 9‘44, April
9’54, May 9*65, June 9'74 and July 9’84..
There was but one cause for this
decline, and that was the unfav¬
orable financial and mercantile
intelligence from Europe. Other
circumstances seemed to favor a
recovery; the movement of the
crop was considerably smaller than last year, and wet weather
was reported on
Change, calculated to delay picking and injure
cotton in the fields.
Besides, the extreme low range of values
was calculated to
necessary to
For December.
Bales.
t:ts.
1,900
9*15
2,600
916
1 000
917
1,500
9*18
2,300
9-19
2,700
9*20
Ba’es
Cts.
1,200
Bales.
2.200
....
200
.
....
...
900
....
2,500
9*22
9*23
9*24
9*25
9-26
9-63
964
9(55
800......
1,000
966
...
3,000
9,400
5,400
11,600
9,800
5,100
2,900...
2,600
....
est
figures of Wednesday being from 26 to 30
under sales to realize a portion of the advance points. Then,
was lost.
But
to-day there was renewed activity and buoyancy, with a further
advance of|23@27 points, and but
slightly lower than last Friday,
except for November.
The total sales for forward
delivery for the week are 530,400
bales, including — free on board. For immediate
delivery the
total sales foot up this week
7,718 bales, including 2,313 for export,
3,081 for consumption, 274 for speculation and
2,050 in transit. Of
the above, 250 bales were to arrive.
The following tables show
the official
quotations and sales for each dav of the past week:
Saturday, Oct. 26,
to
UPLANDS.
Friday, Nov. 1. Sat.
Ordinary
$ lb.
Strict Ordinary...
Good Ordinary.
..
Strict Good Ord...
Low Middling
Strict Low Mid....
Mon Sat.
Mon.
8*16
81%0
8
8*16
8916
7*8
8*16
8“l6
7%
8
8*16
8916
8716
91*16
7%
8°16
81*16
87ig
91*16
8°16
8**16
9*8
9%
Strict Good Mid... 10%
Middling Fair
10*8
I
Mon Sat.
7*4
9
9%
9
9*16
0°16
9*16
0716
9*16
9al6
9%
9%
Middling....
Fair
Sat.
TEXAS.
7*8
9*16
9716
9%
9%
10%
10%
11%
10
10%
11%
11%
.
927
9-28
1,600.
1,400
9%
9*8
9%
9<j16
9716
9916
91*16
9%
9916
SI1*6
9%
978
10%
10
10
10%
10%
11%
10%
10%
10%
10%
10 34
11%
11%
10%
934
934
3,000
2,700
11%
.
.
800
2.800
1,900
4,500
1,100
4,700
2 600
2,700
13,600
7,700.
2,900
1,100
2,300
4,000
1,500
1,500
5,300
2,200
3,400...
3,600
2.100
2,800
1,300
.
.
.
(500
100
...
.
967
9 68
600
600
9*69
1,500
7%
7916
7%
8%
715ig
8t16
8
8%
8i°ie
7i°i0
87ie
0*16
9%
9%
8
Strict Good Ord...
Low Middling
Strict Low Mid....
9%
Middling
Good Middling..
97ig
81*16
9-4
„
9%
9*8
£“16
Strict Good Mid...
9ijio 9%
Middling Fair
10716 10*8
Fair
Ordinary
$ lb.
Strict Ordinary...
Good Ordinary....
Strict Good Ord...
Low Middling
Strict Low Mid....
Middling..
Good Middling....
Strict Good Mid...
Middling Fair
Fair
Hl!6
11
Tb.
Frl.
7%
7916
8
.
.
9-43
9*44
4,^00
9-45
Tb.
7%
7916
734
812
8*16
81116
8%
81o16
9h«
9316
9 is
9%
9%
91ig
9*16
97J6
938
91*16
10*16
9%
978
1038
lDl6
11
9‘5i6
STAINED.
Good Ordinary
Strict Good Ordinary
Low Middling
8
§‘16
8%
$ Jb.
81o16
91s
91s
914
9516
97ig
9%
9%
9%
9*16
97ig
9**16 9*8
101oig 9%
10*i6 10%
101*16 10*8
11*16 11%
Frl.
Tb.
Frl.
71*16
734
814
71*16
8*16
8ni6
8.14
93s
9*16
8 34
9*16
933
9%
9*16
97ig
9niG 9*8
915ig 978
10*16 101s
lolllG 1058
H°16 1114
Mon Tues Wed
7%
7*4
8%
8%
9%
8%
8%
Middling
9*16
9*16
9716
958
9‘16
91116 978
91516 iois
10*16 1058
IDle 1114
Sat.
9%
8*16
8**16
7,500. ...'
9%
8*16
8**16
9*16
Tb.
7*8
8%
8*8
7*8
8%
8%
9
9
91116
91*16
10*16
101I16
11*16
Frl.
7*ii6
8*16
Sl%6
9*16
MARKET AND SALES.
? at.. Quiet, lower
Mon
Easy, lower
Tues. Weak, lower
Wed
Very quiet,lower
TUurs Firm
Fri.
Firm, higher.,...
Total
.
.
.
Ex¬
Con-
Spec- Tran¬
port. sump. ul’t’n
260
300
400
344
4
1,398
929
340
614
454
2,313
3,081
101
250
sit.
30
FUTURES.
Total.
Sales.
Deliv¬
eries.
500
690 45,300
644 75,000
963 60,900
941 110,800
1,550
1,078 127,500
3,402 110,900
1,600
1,800
1,305
274 2,050
7,718 530,400
7,705
•
•
•
•
30
•
•
•
•
214
....
4,500
7.700
6,000
12,200
The
*40
900
1,100
1,000
....
....
....
....
1,000
1,000
'400
....
....
900.
..
....
...
2,500
3,900
1,800
....
....
....
..
1,100
1,100.
...
...
....
....
....
9*79
3,000
2.400
9*80
11700
1,000
1,300
9*81
9-82
1.400
700...
400.
9*83
9*84
9’8)
9*87
9-88
9*89
990
700
100.
500.
100.
9*46
9-47
9*48
9*49
9-50
9*51
9*52
9 53
a*54
9 55
For March.
2,100
1,700....
9-44
9*45
400
100
100
100
500
400
For October.
{
For November.
Bales.
CtS.
Bale*.
<'ts.
400.
9-06 i 1,000
005
500.
907
700
300.
932
500
500.
934
400
9T0
200.
935
500.
912
9-33 I
: TOO.
400
0*13
100.
9-37 1 1,500.
9T4
600.
9-50
600
9*15
100.
9-56
600
9-2 »
100.
9-57
9 22
1100...
1 1,700
200.
9*23
.
.
.
.
.
.
.
.
3,100
1.400
800
.
.
9'24
9 25
Bales.
Ct«.
100..
500..
400..
600
900
100
9 30
931
1,400..
600..
200..
600..
400..
9 35
200...
9-44
400..
CtP.
9-48
1,500
1,000..
300..
400..
1,500..
Bales.
9*34
9 49
9'50
9 51
1,000
200
400.
300.
700.
100.
100.
257100
9-52
,
9-53
955
0 56
9-57
9-5S
9-60
9*89
..
.
400.
1,400
400
600
200
'400
100
100
10*14
—
22,900
.
9*93
.
For June
200
500
700
800
...1000
9*70
9*74
979
9*87
9*88
980
990
9*94
995
9*98
9*90
200
100
.
...
500
...
955
1,100
963
964
90 i
907
968
1,000
300
1,300
100
....
...
..
...
...
....
w-70
9-77
.9*78
9 79
980
9*81
9-82
9-83
9*84
9*85
9*86
9*87
9 93
9-94
9 96
9*93
WH9
.1000
.1001
.10*03
.10*05
.10*10
...
200
500
600
500
400
300
100
200
970
9-71
9*74
...
....
200
100
...
...
..
...
10,400
....
For
500
300
100
300
400
200
300
700
.
.
.
.
.
.
.
.
.
.
600
300
For
300
10*00
200
10*01
10*08
10*10
900
:....10*11
200...
400
200
400
100
600
800
100
9*65
9 63
100
200
400
700
9*68
9*70
9*75
9*76
made
9*84
9*87
9*88
9*90
9*91
9612
9*93
9*98
...
500
300
May.
1,400
July
1,000
.
200
|
10*12
10*13
10*23
10*25
10*29
....10*30
,....10*31
10*34
10*37
1,000
9,500
during the week:
*10 pd. to exch. 100 Dec. for Jan.
The following will show the
closing prices bid and asked for
future delivery and the tone of the
market, at 3 o’clock P. M;>
on each day
in the past week:
MIDDLING UPLANDS—AMERICAN
CLASSIFICATION.
Sat’day. Mond’y T’sday.
Market—
Lower.
Bid.
Ask
Lower.
Bid.
Auk.
October..
Nov’mb’r.
Decemb’r
9*49@50
9'47'2>48
9*57 2>
9*355)37
9*34535
9*445
January..
February
9*66*5)67
9*545
—
Lower.
Bid.
—
—
9*585
—
100%
4*80
—
9-68569
9*765
9*85596
—
—
Exch’nge
—
—
9*77 @ — 9*65566
March.
9*875)88 9*765
April.... 9*97@98 9*86587
10*05@06 9*975 —
May
June
10-15®
10*05506
10*23@25 10*14516
July
Tr. orders
9*50
9*40
Closed—
Easy.
Steady.
..
Ask.
9*205
9*17518
9*285
9-38539
9*48549
9-94595
9*20
Weak.
100%
100%
4*80
4*80%
Wed.
Thurs.
Friday.
Variable.
Excited.
Buoyant.
Bid.
Bid.
Bid.
Ask.
Ask.
Ask.
9*16519
9*195
9-27528 9*52554
9*29530 9-39540 9*64565
9*395
9*49550 9*75576
9*48549 9*605 — 9*86587
9*59560 9*70571 9*975 —
9*69570 9-80581 10*06507
9*79580 9*90591 10*175 —
9*89590 10*01502 10*25527
9*96598 10T0512 10*33535
—
—
9-20
Firm.
100%
4*81
9-30
Strong.
100%
4*81
9*60
Firm.
100%
4*81
The Visible Supply of
Cotton," as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great
Britain 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), we add the item of
exports from the United States, including in it the
exports of
Friday only:
1878.
For forward
delivery, the sales have reached during the week
530,400 bales (all middling or on the basis of
middling), and the
following is a statement of the Bales and prices:
9*77
9'8l
-
600
100
100
100
following exchanges have been
992
993
9*94
1,300
1,100.
22,700
9*46 J
9-43 I
9 50 I
9*51 •
9 53
9 54
9*91
9*75
9-87
...
500
56,500
300
1,300
1,800
1,200
9*84
...
400
300
1,000
1,700
...
1 300
1,500
400
...
300
9 77
9*78
9*86
9-8S
700
...
200
800
500
...
100
...
600
000.
9-76
.<TT.
000
100
9*70
For Anrll.
9*04
965
9-66
972
973
9-75
....
.
200
400
600
...
800
400
100
100
300
100
700
400
500
40
100
300
600
9*62
9(53
....
9J65
9*60
967
43.000
9-58
9*59
9-60
9*61
...
9*60
_
956
9'57
....
....
980
9*82
9*84
9'85
500
300
700
500
300
955
....
...
...
2,300
1,100
4,700
9*53
9-54
....
.
400
100
9-52
....
1,100
2,900
1,700
2,100
1,700
1,000
1,200
..
..
944
945
9*46
9*47
9*48
9 49
950
9 51
pd. to exch. 300 Oct. for Mar.
Gold
8ALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
...
8%
9*8
9%
700
100
9*41
9 42
3,900
8%
8*4
1,400,...
9-31
9*35
9*36
9*37
9*38
9*39
9*40
6 900
8*16
81*16
....
....
9*78
200
100
400
800.
500
2,000
...
..
1,300
943
...
..
1,100
Cta.
500
1,600
200..
400
800
400
....
400..
Bales.
9*56
1,900
....
1,400
1,400
..
600
5)00
5479
980
....
9*31
10
....
977
....
9 32
9 33
2,300
10,400
....
976
....
9*30
700
9*74
1,100
3,900
2,100
1,500
1,300
....
9-29
3,500
400.
1,500..
For February.
934
935
3,700
600
9-36
300
9*39
500
940
400
942
9*27
9*28
10%
1034
11%
7*4
....
1,200
9 40
941
9 42
943
9*44
9 45
953
9*54
9*55
9*56
957
958
959
9*60
961
9*62
9-63
9'64
9(55
9 65
9 67
4.000
4.200
71*16
9Hi6 9*8
9**16 9%
10*16 10%
IOHib 10*8
11*16 11%
Frl.
8%o
11
9%
9%
Tb.
87s
9%
9%
103s
9*16
9*16
9*16
7*°1G
7*4
8*4
8%
878
9%
97ie
91%6 9%
91*16 9%
10716 10%
1H16 11
.
:..
8%
71*16
....
2.100
300
3.590
1,100
970
971
.
....
etc.
9*55
800
217,800
For January.
925
4,200
4^700
9.26
4,00
...
1,200
1,000..:...
2,100
119,400
9716
9916
....
500
300
200
600
.
7*16
.
600
2.300
TnesWed Tues Wed Tues Wed Tues Wed
Ordinary
$ lb.
Strict Ordinary..
Good Ordinary....
9*30
931
9-32
9*3 <
9*34
9*35
9*36
9*37
9-38
939
..
4,300
3,800
9%
9*4
9**9
.
900
500
ALABAMA. N. ORLE’NS
7*4
9*8
Middling
Good
Mon
2.00D
500
....
..
600
100
3
.
9
0
0000083174814..4785831.640 21
stimulate speculative action.
On Wednesday,
therefore, with less discouraging accounts from
Liverpool, there
was a
complete recovery from the early decline, and on
Thursday
a buoyant
opening, the advance on the second call from the low¬
1,300
3,500
3,800
...
700
1,800
4,400
3,500
.
100
[VOL. XXVII.
1877.
1876.
31,250
406,000
27,000
474,000
1875.
596,000
32,250
63,750
333.250
433,000
120,000
506,250
170,750
4,000
659,750
190,500
3,000
58,000
15,500
30,500
54,000
8,750
160,000
7,000
44,000
11,000
43,000
31,000
9,000
5,000
8,250
Total continental ports....
209,750
318,250
373,250
Total
543,000
751,250
830,500 1,036,500>
302,000
Total Great Britain stock.
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
4,500
23,750
33,250
7,000
-
Stock at other conti’ntal ports.
European stocks..
1,500
7,750
..
3,250
50,000
9,000
47,000
53,000
12,750
13,750
13,000
12,000
6,250
7,000
376,750
November 2,
1878.]
THE CHRONICLE.
1878.
103,000
India cotton afloat for
Europe.
Amer’n cotton afloat for
Eur’pe
Egypt, Brazil,&c.,aflt for E’r’pe
Stock in United States
ports
Stock in U. S. interior ports...
United States exports
to-day..
1877.
40,000
270,000
21,000
210,000
243,000
29,000
178,000
40,000
421,198
60,173
21,000
1875.
200,000
172,000
424,154
53,734
..
1876.
39,000
642,356
487,549
71,872
8,000
5,000
69,900
19,000
Total visible supply.bales.
1,440,888 1,478,621 2,085,728
2.039.949
Of the above, the totals of
American and other
follows:
American—
Liverpool stock
Continental stocks
American afloat to
Europe
United States stock
United States interior stocks..
United States exports
to-day..
151,000
159,000
270,000
424,154
53,734
21,000
....
Total American
bales.1,073,888
East Indian, Brazil, <£c.—
Liverpool stock
151,000
London stock
India afloat for Europe
31,250
50,750
108,000
21,000
Total East India, &c
Total American
362,000
Continental stocks
Egypt, Brazil, &c., afloat
descriptions
173,000
160,000
231,000
172,000
421,198
60.173
5,000
are
as
203,000
245,000
243,000
642,356
71,872
8,000
162,000
178,000
487,549
69,900
19,000
1,062,371 1,370,228 1,124,449
233,000
27,000
87,250
' 40,000
29,000
314,000
32,250
128,250
200,000
40,000
383,000
63,750
214,750
210,000
39,000
465
Indianola, Texas.—Rain has fallen on two
days of the week,
reaching ten hundredths of an inch,
but not enough
to do much
good, and we are needing more
badly.
Picking is
making fine
the rainfall
progress.
The thermometer has
ranged from 54 to
84, averaging 67. We have had a
rainfall during the month of
October of one inch and twelve
hundredths.
Corsicana, Texas.—We have had showers on two
days the past
week, with a rainfall of one inch and
three hundredths.
We
have had a frost, but not a
killing frost. Picking is progressing
rapidly, hut a great deal of cotton is
falling to the ground.
Average thermometer 53, highest 80 and lowest
40.
The rainfall
for the past month is four
and seven hundredths
inches..
Dallas, Texas. —There has been rain
(showers) on two days of
the week just
closed, the rainfall reaching one inch.
Picking is
being pushed rapidly, but much is
being
wasted. We have had
a frost this
week, but not a killing frost. The
averaged 53, with an extreme range of 40 and 80. thermometer has
There has been
a rainfall
during the month of October of four inches and
five hundredths.
twentyBrenham, Texas.— It has not rained here
during the past week,
and it is needed
badly for general purposes. Picking is proceed¬
ing, but the fields are still white.
Average thermometer 61,
highest 79 and lowest
416,250
715,500
915,500
...1,078,888 1,062,371 1,370,228
1,124,449
Total visible
45.
The rainfall for October
supply
1,440,888 1,478,621 2,085,728
is one inch
Price Mid. Upl., Liverpool
2,039,949 and eighty hundredths.
5Ui«d.
6:}sd.
6316d.
New Orleans, Louisiana.—It
615njd.
These figures indicate a decrease
has not rained here
in the cotton in
during the
of 37,733 bales as
sight to-night past week. The thermometer has
with
compared
the same date of
averaged 57.
1877, a
decrease of 644,840 bales as
Shreveport,
Louisiana.—Cotton
is progressing under
compared with the
of 1876, and a decrease of
corresponding date favorable conditions, and probably picking
599,061 bales as compared
as much as 75 per cent of the
with 1875.
in
crop
this section has been gathered. Extra
At the Interior Ports the
pickers are being
movement—that is the
discharged. We had a heavy frost this
and shipments for the
receipts
(Friday) morning. Aver¬
week, and stocks to-night, and for the age thermometer
59, highest 81 and lowest 38. The rainfall
corresponding week of 1877—is set out in detail in the
for
the week
seventy-two hundredths of an inch, and for the
statement:
following of Octoberisone
month
inch and sixty-six hundredths.
Week
-
ending Nov. 1, '78.
Receipts Shipm’ts Stock.
Augusta, Ga
Columbus, Ga....
11,042
9,316
4,106
3,112
4,129
3,409
3,885
Macon, Ga
3,712
Montgomery, Ala
569
701
4,836
4,309
19,024
1,875
N ashville, Tenn..
Total, old ports.
33,659
25,342
53,734
Dallas, Texas....
Jefferson, Tex.
Shreveport, La
1,150
1,546
1,167
Memphis, Tenn..
..
673
..
2,286
Vicksburg, Miss
Columbus, Miss..
Eufaula, Ala
463
1,406
Atlanta, Ga
Rome, Ga
837
283
3,653
1,816
2,701
Total, new p’rts
51,903
43,073
Total, all
85,562
68,415 115,034
C.*.
Louis, Mo
Cincinnati, 0
31,828
60,173
901
800
3,674
818
795
1,187
4,627
3,964
2,737
3,865
2,104
2,800
1,748
5,042
1,194
2,000
1,672
7,687
3,498
2,879
2,104
10,563
4,468
61,300
44,396
Estimated.
The above totals show
638
1,969
1,079
4,041
2,294
2.598
9,505
3,516
500
35,442
5,261
49,703
2,423
1,516
2,188
6,469
23,209
9,309
Charlotte, N.
St.
12,314
10,257
7,394
6,837
7,799
1,993
4,970
3,743
2,081
16,358
9,023
3.241
3,787
•
21,503
1,122
33
3,536
2,261
3,016
3,526
2,100
5,622
2,647
2,224
4,831
990
.
Griffin, Ga
11,018
£,810
900
10,312
2,510
1,350
4,503
13,423
2,705
36,831
45,611
94,099 1 68.659 105,814
not received.
rainfall for the week is one
inch
ten hundredths.
We had a
killing
frost this morning.
Picking will be completed in this section by the 15th of
the
month.
Little Bock, Arkansas.—We
had light showers on
Tuesday last, but the remainder of the week has beenFriday and
clear and
frosty. The tlmnnometer has averaged 48
during
the
week,
the
highest point tracked having been 75, and the
lowest 30; for the
month the range
was 30 to 84, and the
average 46. The rainfall
during the week has been thirteen hundredths
of an inch, and
for the month of October
three inches and
hundredths.
Nashville, Tennessee.—It has rained onthirty-two
three days the past
week, the rainfall reaching
fifty-four hundredths of an inch.
The thermometer has
averaged 50, the extreme range
been 41 and 59.
having
Columbus, Mississippi.—The
and
Receipts Shipm’ts Stock.
10,152
5,676
7,459
10,070
6,561
10,000
3,816
4,454
3,727
5,134
1,705
Selma, Ala
Vicksburg, Mississippi.—Telegram
Week ending Nov.
2, ’77.
Memphis, Tennessee.—Telegram
Mobile, Alabama.—Rain has
stantly, and it has
been
not received.
fallen on one day the
past week,con¬
showery one day; but as the week closes
favorable change in the weather.
We had a
killing frost on Thursday night.
Picking is progressing finely.
The thermometer has
averaged 61, the extreme range
and 79.
being 46
The rainfall has been for the
week one inch
hundredths, and for the month four inches and and twelve
eighty-four
hundredths.
there has been
a
that the old interior
stocks have
week 8,317 bales, and are
bales less than at the same
to-night 6,439
period last year. The
same towns have been
receipts at the
16,044 bales less than the same
week last
year.
Montgomery, Alabama.—It has rained dnring the week on two
days, the rainfall reaching two inches and
eighteen hundredths;
and there was a
killing frost last night. Average thermometer
57, highest 78 and lowest 41. There has
been a rainfall
the month of October of
during
three inches and
Receipts from the
forty-nine hundredths.
Selma,
Alabama.—It
has
rained
in a previous issue for an
Plantations.—Referring to our remarks We have had
during the week on two
killing frosts on two nights, and ice formed indays.
the figures down one weekexplanation of this table, we now bring
this
later, closing to-night:
vicinity on one night.
RECEIPTS PROM
Madison,
PLANTATIONS.
Florida.—Telegram not received.
Macon, Georgia.—Telegram not received.
Week
Receipts at the Ports. I Stock at Inter1 r Ports
Rec’pts from Plant’ns.
Columbus, Georgia.—It has rained on one day of the
end’g- 1876.
le77.
week, the
rainfall reaching
1878.
1876.
1877.
1878.
1876.
forty-eight hundredths of an inch, and we have
1877.
1878.
had a killing frost on one
An
5,153 2,691
night. The thermometer has
3,6*1 42,372 22,472 11,005
60.
The
increased
U
'
during the
9.
5,871
16.
7,393
23.
30.
7,151
13,278
8ept 6.
19,J33
*«
<c
II
II
13.
41.457
2,102
1,733
2,644
4,335
5,835
12,109
3,069
4,657
5,699
15,784
26,750
374
35,182
28,877
23,691
21,627
20,760
23,431
21,574 8,346
19,118 6,238
17,60.) 5,999
16,278 6,593
16,449
9,979
16,272 18,971
47,431
20.
62,998 22,345
74,355 23,904 15,104 26,377
<4
27.
95,345 43,128
98,863 38,837 20,510 37,872
Oct. 4. 122,199
70,040 130,990 57,048 29,720
47,208
11.
136,074 109,264 148,153 72,277
•4
41,891 59,823
V.
152,820 135,054 160.233 84,871
ii
58,745 79,597
25.
174,617 157,609 162,236
103,774 50,374 97,t87
Nov.l. 201,904 177,336
157,280 123,652 105,814 115,034
Total. 1,046,490 746,275
1,039,176
tc
l
•
•
•
.
1,085
1,965
2,149
1,204
410
11,214
has fallen on two
days, but the
remainder of the week has been
pleasant. We had a heavy
white frost this
18,866
week
•
•
•
•
1,126
2,549
5.460
3,013 15,784
5,885 26,750
41.457 11.932 47,431
62,998 21,17* 74,355
95,845
122,199
43,128 98,863
70,040 130,990
136,074 109,264 148,158
152,820 135,054 160,233
174,6)7 157,609 162.236
201,904 177,336 157,280
1,021,418 736.768 1032648
This statement shows us
that the
receipts at the ports the past
week were 157,230
bales, received entirely from
Last year the
receipts
from the plantations for the plantations.
were 177,336
same week
bales, and for 1876
they were 201,904 bales.
••••«..
Weather Reports
by
Telegraph.—There has been some
rain the past week in
many sections of the
to
materially interfere with picking operations.South, but nothing
in a number of
Frost is
reported
districts additional to those
reporting last week.
Galveston, Texas.—It has rained hard
on four
the rainfall
days this week,
reaching
three inches and
rain
was
going
oO.
on
forty-two hundredths. The
welcome, as it had become
very dry. * Picking is
finely. Average thermometer
very
63, highest 80 and lowest
The rainfall for the
month of October is three
inches and
seventy-five hundredths.
averaged
for the month of
October is two inches and
rainfall
eighty-two hundredths.
Savannah, Georgia.—Rain
morning.
Average thermometer during the
64, highest 78 and lowest 45.
fifty-six hundredths of an inch.
The rainfall has reached
Augusta, Georgia.—We have had light rain on two
days, the
having been pleasant. Accounts are
good.
Picking is progressing finely, and planters are
to market
sending their
balance of the week
freely.
treme range
this week of
crop
The thermometer has
averaged 60, the
ex¬
having been 42 and 77. There has been a rainfall
forty-two hundredths of an inch, and
during the
past month'one inch and
thirty-nine hundredths. Roads are good.
Charleston, South Carolina.—We have had
light showers on
one day this
week, the rainfall reaching five hundredths
of an
inch.
The thermometer has
ranged from 44 to 73, averaging 63.
The following statement we
have also received
showing the height of the rivers at the points namedbyattelegraph,
3 o’clock
Oct. 31,
1878.
comparison:
We
give last year’s figures (Nov. 1,
1877) for
Oct. 31, ’78.
.Below high-water mark
.Above low-water mark...
.Abovelow-water mark...
.Above low-water mark...
Above low-water mark...
..
Feet. Ineh.
13
4
1
4
3
5
2
2
Nov. 1, ’77.
Feet. Inch.
12
8
8
3
1
5
17
5
Missing.
Missing.
New Orleans
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was
changed to
mark of April 15 and
16, 1874, which is 6-10ths of a high-watei
foot above
1871, or 16 feet above low-waiter mark at that
point.
THE CHRONICLE
466
Comparative Port Receipts and Daily Crop
•
A
Movement.—
comparison of the port movement by weeks is not accurate,
M the weeks in different years do not end on the same day of the
month.
We have con*- qu -ntly added to our other standing
tables a daily and moo hly statement, that the reader may con¬
stantly have before him the data f *r seeing the exact relative
named. First we give the receipts it
eich port each day of the week ending to-night.
movement for the yesrs
PORT RECEIPTS FROM SATURDAY, OCT.
New
Or¬
we’k leans.
D’ys
of
721
750
2,040
5,385
3,017
Sat..
Mon
Tuee
Mo¬
bile.
790
543
Thur
5,161
1,279
Fri..
2,514
1,947
Tot.. 16,611
Char¬ Savan¬ Galnah. vest'n.
leston.
133
Wed
26, ’78, TO FRIDAY, NOV. 1, ’78.
4,670
3,432
4,401
4,351
5,427
3,104
5,827
6,707
5,646
4,616
4,935
5,891
Nor¬
folk.
3,766
647
9,651
3,514
1,694
3,711
3,851
3,554
2,068
2,442
1,849
4.281
3,572
3,068
7,669:25,385 33,622 26,843 20,464
Year
All
others.
731
1,801
1,773
2,117
2,779
1,120
2.776
597
8,054
Total.
22,759
32,576
24,936
21,942
27,824
27,243
7,386 19,300 157.280
has been
as
follows:
Beginniu g September 1.
1876.
1877.
1878.
ton.
4,577
The movement each month since Sept. 1
Monthly
Receipts.
Wil¬
ming¬
1874.
1875.
1873.
Sept’mb’r
288,848
October..
689,264
95,272
583,687
236,868
675,260
169,077
610,316
134,376
536,968
355,323
Tot. year.
978,112
678,959
912,128
779,393
671,344
470,578
115,255
figures show, produce success. It is not surprising, therefore,
is prospering. The mill has stopped this year
three days (holidays), and consumed 4,754 bales of cotton and
produced 6,504 bales of goods, 1,000 yards each, against a stoppage
last year Df nineteen days, and a consumption of 4,263 bales of
cotton, producing 5,527 bales of goods; showing a production by
each loom of 53 yards of cloth per day this year against 49 yards
last year, mainly due to the more efiective working of the ma¬
chinery. Thero has been a profit on the twelve months' business
of 14 per cent on the capital stock.
Instead of dividing up this
money, however, to make the stockholders laugh for a few days
(likely enough to weep later on), the company is very wisely
buying new machinery and paying some o’d debts contracted
in the earlier days of the enterprise.
All this, it must be remem¬
bered, is what the officers are able to do bad years like the
present. Can any one doubt the abundant success of such man¬
agement in years to come ?
Bombay Shipments.—According to our cable despatch received
bales shipped from Bombay to
to-day, there have been
Great Britain the past week and 5,000 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, Oct. 31.
that the company
Shipments this week
Great
Brit’n.
Perc’tage of tot. port
22-59
15*62
receipts Oct. 31...
19-20
18-59
12-37
This statement shows that up to Nov. 1 the receipts at the
ortsthis year were 299,153 bales more than in 1877 and 65,984
ales more than at the same time in 1876. By adding to the
above totals to Nov. 1 the daily receipts since that time, we shall
be able to reach an exact comparison of the movement for the
different years.
Tot.
Sp.30
288,848
Oct. 1.*..
23,599
“
2....
44
3....
“
4....
44
5....
23,283
17,537
24,181
22,862
44
6....
S.
44
7....
44
8....
44
9....
S.
44
10....
44
11....
44
12....
44
13....
S.
14,875
44
14....
26,402
29,014
S.
44
15....
44
16....
17....
44
18....
44
19....
20,5 49
31,161
22,510
44
20....
S.
44
21....
44
22.;..
34,634
22,873
44
23....
23,157
44
24....
*
25....
•4
26....
25,275
33,787
22,759
44
27....
8.
44
44
28....
29
...
44
30....
44
3 1 4--.
14,531
12,096
S.
32,049
24,533
35,142
S.
21,031
20,815
21,359
23,632
21,673
S.
38,513
21,034
27,821
24,796
21,843
26,617
30,656
S.
27,174
26,60b
33,824
25,325
23,574
22,098
29,489
27,113
•
S.
S.
S.
17,584
17,743
14,766
14,416
18,207
14,587
32,312
S.
S.
16,919
23,753
25,981
S.
16,470
13,400
12,066
15,572
10,981
15,905
20,751
43,015
8.
29,176
30,784
21,477
34,318
24,071
19,415
22,106
29,145
24,936
34,194
21,912
27,824
31,020
44,564
32,532
23,463
22,054
27,84*
24,746
20,415
18,611
'
678,959
31,773
912,128
28,119
779,393
18,611
671,344
27,243
Total...... 1,005,355
.710,732
910,247
798,004
671,344
....
Percentage of total
port receipts
:.
This
S.
22,643
13,272
18,053
16,798
16,784
16,107
S.
24.25T
16,053
19,072
16,299
11,035
470,578
25,261
495,S39
23 28
1901
19-20
1303
shows that the receipts since Sept. 1 up to
are now 294,623 bales more than they were to the same
day of the month in 1877, and 63,108 bales more than they
were to the same day of the month in 1876,
We add to the last
table the percentages of total port receipts which had been
received Nov 1. in each of the years named.
•The
Tennessee
Manufacturing
710,000
795,000
4,000
944,000
From the
416,000
9,000 13,000 561,000 333,000
4,000
874,000
5,000 1,011,000
7,000 1,036,000
foregoing it would appear that, compared with last
there has been an increase of
bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 85,000 bales,
compared with the corresponding period of 1877.
■Gunny Bags. Bagging, &c.—Bagging has continued to rule
quiet during the week, and we do not hear of a single transaction
in a large way.
Trade is light and confined to small parcels
for jobbing wants.
Prices are ruling easy, and holders are
quoting 10£c. for If lbs., lOfc. for 2 lbs., and 11c. for standard
qualities. Butts are also ruling very quiet, and the sales for the
week are only 1,000 bales, for which 2f@2fc. cash and time was'
paid. The market is ruling very steady, and holders are not
inclined to shade the above figures, at which the market closes.
There is very little inquiry to be noted for parcels to arrive, and
prices are unchanged.
The Exports of Cotton from New York this week show
a
decrease, as compared with last week, the total reaching 14,783
bales, against 18,880 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1878, and in the
for the same period of the previous year:
last column the total
Bxportaof Cotton! bales) from New York since Sent. 1, 1878
Company.—The
good
Liverpool
Every fact the stockholder wishes
to know is there, and all so clearly stated that one is impressed
with the idea that the Nashville Company, or, we should rather
say, its officers, have nothing to conceal.
Or course, such atten¬
tion to and knowledge of the details of the business, as these
30.
9,413
15,927
17,507
11,139
78.597
1,600
2,100
48,251
1,585
12,739
8?,697
49,836
2,044
2,776
974
....
....
15,927
17,507
-
345
....
Total Frencli
Bremen and Hanover
950
1,175
•
•
•
•
•
—
Total to N. Europe.,
•
•
•
•
•
•
•
;...
423
1,176
1,373
....
....
2,044
....
....
•
•
•
2,716
1,089
2,431
677
100
•
•
•
•
•
•
•
4;'3
5,302
2,854
6,079
....
•
115
....
...
....
*•:
345
Other ports
year.
Oct.
23.
9,913
Hamburg
date.
Oct.
500
Havre
Other French ports
period
prev’ua
Oct.
16.
Other British Ports
Total to Gt. Britain
Total
to
9.
Oct.
«...
....
All others
Total
•
Spain, Sec
....
....
Grand Total.....
....
17.103
10.-258
.
18,)-80
....
....
..
14.783
•
.
57,004
86,327
The following are the receipts of cotton at New York, Boston,
PhiladelDhiaand Baltimore for the past week, and since Sept. 1, '78!
BOSTON.
KBW YORK.
RBCB’t8
PHLLADXLP’lA
BALTIMORE
This
week.
This
PROM
This
week.
Mobile
meeting at Nashville, October 21, at which
read the report of its secretnry and treasurer, Mr. George M.
doodwin. It is seldom we have the pleasure of looking over a
was
Same
WKKK ENDING
BXPOBTXD TO
its seventh annual
Since
Jan. 1.
year,
New Orleans..
Texas
admirable document.
Receipts.
This
Week.
Total.
nent.
5,000 317,000 393,000
5,000
progress m -kicg ii the South in cotton spinning finds new
illustration to-day in the annual statement of the operations of
the Tennessee Manufacturing Company.
Ti.is organization held
more
Conti¬
i’ooo 4,000 5,000 379,000
IpaiiLOporto A Gibraltar Ac
16-35
statement
to-night
1878
1877
1876
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
nent.
8.
IS,704
978.112
Total
Nov. 1....
8,131
20,714
18,720
18,542
18,523
S.
S.
8,708
8,010
7,611
8,609
11,3.14
27,532
S.
S.
115,255
7,501
7,989
6,452
5,702
21,822
20,576
20,518
25,171
19,629
•27,825
20,782
32,576
1873.
8.
28,164
21,432
20,034
23,267
23,876
28,764
28,715
27,924
134,376
10,714
10,511
12,251
19,503
20,116
15,078
16,384
19,445
17,384
20,722
18,950
20,348
19,812
21,302
1874.
169,077
S.
21,523
18.399
1875.
30,714
15,621
19,854
19,197
22,115
19,247
18,609
19,304
27,764
44
236,868
95,272
13,941
9,741
12,179
10,720
12,903
10,210
25,800
24,369
24,966
22,539
27,622
25,343
.
1876.
1877.
1878.
[VOL XXVII.
Savannah
This Since
week. Sept.1.
Since
Sept. .1.
998
6,170
4,029
10,450
5%<’C2
51,775
338
1.991
2,924
2.3 6
S3,563
9,765
8,833
m
254
.
Florida
9’th Carolina
N’th Carolina.
Virginia
.
,
m
m
•
•
.
c
•
.
<.
Since
•
616
10,143
I,i43
8,6C4
....
•
#•1
•
.M
16,134
•
•
•
•
•
»
♦
*
-
1,121
•
....
42.* 30
1.221
North’rn Porte
31
1,069
Tennessee, Ac
Foreign..
3,920
IS,3(4
2,394
1, 00
Total this yeai
Total last
....
8,372
18,Ot 9
5,36f
1,212
••
•
•••
7.315
766
1,793
1,944
10,929
....
4,559
•
.
-
•
o
year.
m
Since
Sept.1. week. 8ept.l
•
*
•
•••
648
7
29,831
227,400
4,899 42,459
2,028 13,223
4,974
36,171
28.270
134,007
8.434
1,105
6.4-5
5,615
19,155
...
!'
31,900
....
...
....
•
•
# •
November
2, 1878.]
THE CHRONICLE.
Shipping
News.—The exports of cotton from the United
States the past week, as per latest mail
returns, have reached
114,761 bales. So far as the Southern ports are concerned, these
»* The
following
week:
Spot.
reported by telegraph, and published in
The Chronicle, last Friday. With
regard to New York, Tie
include the manifests of all vessels cleared
up to
night of this week.
Mid.
Mid.
Wednesday
8aturd’y. Monday. Tuesday. Wedn’sdy
Thursd’y Friday.
Upl’ds
...® 57a
.'3>5I3jq ...®5*
OrPns.
—®5U,S
..
®
Futures.
These sales are
otherwise stated.
Total bales
New York—To Liverpool, per steamers
England, 1,963
Fcythia ,1,334
Celtic, l,269....Parthia, 2,351
Sicily, 2,450
The Queen, 1.772 11,139
To Hull, etc., per steamer Hindoo,
1,600
1,300
To Havre, per steamers St.
Laurent, 696... Canada, 1,349
2,044
Nsw Orleans—To Liverpool, per sirs.
Historian,
5,711....Ariel, 2,225
7,936
To
Havre, per bark Harold, 2,554....
1,650 Upland
3, *50
To Reval. per steamers
1.650
1,676
To
To
Barcelona,
8.450
per steamer
Juana, 1 80.3 Upland
1,90)
M&laga. per steamer Juana, 800 Upland
.'0)
Texas—'To Liverpool, per barks
4,652
Herbert,
Agder, 1,470
6,122
To Havre, per brigs
Valentine, 1.515
L zzie M. Merrill. 1,542
3,0d7
Wilmington—-To Liverpool, per barns Ruth
Topping. 1,38)....La
Plata, 932
.Heinrich Dircks, 1,350
3,6‘;2
Norfolk—To Liverpool, per steamers
Circassia, 3,300
Propontis,
5,704
per ship John De
...
Delivery.
Oct —43]^®
2532®
Costa, 5,790
Baltimore—To Liverpool, per steamers
Caspian, 1,093
993
..
.*
14,794
.West Indian,
2,092
Liverpool, per steamers Bavarian, 1,015
Pembroke, 841.. 1,856
Philadelphia—To Liverpool, per steamer
Indiana, 337
337
Boston—To
Total
Oct.-Nov
517 32 ®
Nov.-Dee.. 51532®‘io®
1^32
Dec.-Jan
Jan.-Feb
57,
'8“
51532®716
5*3
The particulars of these
are as follows:
shipments, arranged in
Delivery.
Oct
Oct.-Nov
Jan.-Feb
pool. Cork. Havre,
11,139 1,600 2,044
New York
New Orleans
.7,936
5,580
9.839
12,123
6,122
3,662
14,794
Mobile
Charleston
Savannah
T«
xas
Wilmington
Norfolk
Baltimore
Boston
....*.
•••»
2,554
•
4,009
*
••
3,087
•
•••
...
2,092
•
•
...
•
•
•
•
•
•
•
•
•
....
•
•
•
•
•
•
•
•
•
•
•
•
1,050
•
•
•
•
•
•
a
3,326
....
a
■
•
•
•
•
•
a
•
a
•
•
•
•
a
a
a
•
•
•
•
H,7?3
11,553
5 580
....
....
•
8,450
•
•
20,972
29,928
9,209
8,66i
14,794
•
2,600
4
•
•
•
•
•
ffl
m
m
#
■
•
•
•
•
•
•
•
•
•mm
•
a
•
•
4 .
.
#
.
_
*
....
337
Total
•
«
1 656
.
Philadelphia
•
2/93
3,750
3,000
....
•
1,063
••••
...
•
....
75,530 4,600 11,694
2,002
1,856
t
#
....
•
#
•
„
....
6,911
1,660
...
....
3,326
„
337
....
8,450
2,600
Below we give all news received to date of
disasters
carrying cotton from United States ports, etc.:
114,761
sailed 29ih for Boston.
Gsn. Barmes. sir. (1,253 tons, of
Savannah). Cheesman, from Savannah. Oct.
19, i«»r New York, foundered in a late ga’e.
Oct. 23. The captain states
that he encountered a hurricane in Ion.
75 deg. H ittcras,
east by south.
At 9 o’clock morning ihe 33d steamer was bearing about
fast going to
pieces from the fore hatch forward, and all hands took
10 the boats.
An
hour and a hdf lster They
sighted ths scooner M. W. Drew, Capt.
Mahoney, from New York, for Ja kaonville, which they boarded.
The
Drew brought them t> Charleston
bar, where ihey were transferred to
the Whippoorwill. The steamer sunk a
shirt time before no n. The
G. B. h*6 on board 630 bales cotton.
State op Tex as.— A fire broke out
among 110 bales of cotton ex steamer
State of Texas, from Galveston,
belonging to Walter & Krohn, lying on
the bulkhead between
piers 19 and 20 Ease River, New Yjrk, Uci. 28,
and the cotton was badly scorched and
damaged by water.
freights the past week have been
Liverpool.
,
Steam.
d.
Saturday. 5 16^11-82
Monday.. 5-16^11-31
Tae9day..5-16&11-32
Wed’day. .5-16^! 1 -3
,
Sail.
d.
i
Thursday. 5-16 c&l 1-82
Friday.... 5-16® 11-32
as
follows:
.—Havre.—» ,—Bremen.—»
Steam.
8ail.
c.
c.
Steaca.
Sail.
c.
/-HamburgSteam.
c.
—@9 32
—@»-32
X cp. — <&X 11-16 comp.
X cp. —11-16 comp.
—H-16 cp. —X comp.
—%X 11-16 cp. —X comp.
—&X 11-16 cp. — 4
X comp.
—&\i 11-16 cp. —
X comp.
Sail.
c.
c.
X
X comp.
X
X
X
Vt
X
X
X
X
X
X
cornu.
—
—
comp.
—
comp.
—
comp.
comp.
—■
—
Liverpool, • Nov. 1—3:3) P. M.— By Cable from Liver¬
pool.—Estimated sales of the day were 10,000
bales, of which
2,000 bales were for export and speculation.
Of to-day’s sales
6,700 bales were American. The
weekly movement is
given
follows:
5^' ~
5^
Feb.-Mar
5L*32
51^32® ^
Oct
Jan.-Feb
Sales of the week.
bales.
Forwarded
Sales American
Oet. 18.
took..
335,000;
103,000!
42,000;
8,000
7,000
123,000
;
|
03,000'
j
40,000'
2,000j
51,000'
4,000
5,000:
1,000
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
j
40,000'
Of which exporters took
Of which speculators
Total stock
11.
os,OOO
3,000!
•
1,0001
301,000
141,000i
18,0001
14,000
6,000
170,000!
111,0001
51532«716
5i532'®7jg
n. crop,
5i532®716
n.
crop,
sail
Shipments.
..51)32®'^io Oct.-Nov.,
..*5ii32
Mar.-Apr
Jtine-July
5i«*32
5yie“
Dec.-Jan
Feb.-March
n.
sail
Nov.-Dee.,
sail
crop,
grig
n.crop,
..538
55iq
5'te
Wednesday.
Delivery.
Oct.,
Delivery.
51932
Jan.-Feb
Oot.-Nov.508®il32®516
April-May
Nov.-Dee
Dec.-Jan
Jan.-Feb
Feb.-Mar
.
.
5516®932 Oct
59<j2 Oct.-Nov
5ii32®°i6 Nov.-Dec
.53g@ii32 Dec.-Jan
....538
Oct
51332
Dec.-Jan..
Shipments.
55 j q"
57is"
Oct.-Nov., 11. eM8l.5»i8
Nov.-Dee., n.crop,
5&jq
5&iq
sail
5*3
Oct.-Nov
5H32
Mar.-Apr
0H30
June-July
5®i8
Nov.-Dee
5®8
Jan.-Feb
51*
Delivci'y.
’. ...5H32
5^30
Nov.-Dec.,
538
sail
Delivery.
Oct
51116® 2132® ^
Nov
51333
Oct.-Nov
530
Jan.-Feb
May-June
53s® n32
53g
Mar.-Apr
Feb.-Mar
5)3
Nov.-Dee
Jan.-Feb
5&10
n. crop,
.....5932
51&32
.0^32
April-May
41,000
1,000
20,000!
0,000!
as
Nov. 1.
44,000
2,000
30,000
8,000
1,000
500
300,000
148,000
47,000
37,000
0,000
214,000
302,000
151,000
147,000
51»32&7jg
-.51332
.
51332
51*^32®%
5716a>l332
Friday.
Delivery.
57jq® 1732®
Delivery.
Nov
Nov.-Dee
5716®h>32
Dec.-Jan ....57i0®t332
Jan.-Feb. 5 )332-7j8-1332
Feb.-Mar
5)532<@716
Nov
51732
Dec.-Jan
Feb.-Mar
Nov
.
I
Delivery.
5ir>32 | Feb.-Mar
'5is®l732
5U>32 j Mar.-April
59i«
5‘*>ia® 1932®916
Nov.-Dee
Dec.-Jan..^.
5Lj
...v
5^>
Apr.-May
| Feb.-Mar....;
Shipment.
5^0
5*a
Jan.-Feb.57jQ® io32^io | Nov.-Dee.,
n.crop.,57jq
BREADSTUFFS
Friday, P. M., Nov. 1, 1878.
The flour market opened the week dull
and depressed, some
inside prices being accepted for lines of low
grades; but latterly
there has been some
active demand for
eral thousand
improvement, and yesterday there was an
shipping extras at an advance of 5@10c., sev¬
bbls.
being taken at $3 75@3 80 for Great Britain
$4 80(34 85 for the West lodies. Extremes of
grades, low as
well as high, have been dull, and
prices for these are somewhat
irregular. However, production is smaller than last
year, and
millers regard the future with much
confidence. Rye flour and
cornmeal were quiet.
To-day, the market was rather stronger,
but less active.
and
The wheat market has been variable in
tone and values—lat¬
terly showing some improvement on the more favorable advices
from Europe.
There were
large sales of spring on the spot and
arrival at 74@75c. for rejected, 84@85c. for No.
3, and
94@95c. for No. 2; red winter advanced
yesterday to $1 03 on the
spot, and sold largely at ft 031 *or
November, $1 05 for Decem¬
ber, and $1 07 for January; amber winter went at
ft 01 for No. 2
on the spot
and $102 for November; white advanced to
$106
for No. 1, and $1 07@1 03 for choice.
There is at length a mod¬
erate movement of
spriDg wheat towards the seaboard.
for prompt
there
was
was some
active at
Indian
Oct. 25.
Delivery.
Nov.-Dee
Dec.-Jan
Jan -Feb....
Feb.-Mar
538
Feb.-Mar
538
Nov..
..5716
further
improvement; No.
94@9G?., and No.
2 red winter
November.
Oet.
n. crop,
sail
to vessels
Bohemian, str. (Br.),’Grnndy, at Liverpool, Oct. 11, from Boston,
Had
li^hc variable winds aud fine weather until Oct. 3, when,reports:
in lat. 12:30
N., ion. 48 W., a northerly gale
commenced, increasing quickly, and
raising a tremendous sea. On the 4th. during the
height of the
the
bh.p took a heavy list to starboard, cattle fittings on deck were gale,
broken,
ana the decks fl*!ed
With the exception of deck ca tie
fittings, the ship
sustained no damage. Th t B.
Cotton
Oct.-Nov.,
Delivery.
Nov.-Dec..
Delivery.
Bre- Amst’r- werp&
Barcedam. Ghent.Reval.lona,&c. Tot.
•
n.crop,
sail
Thursday.
men.
•
Shipments.
Nov.-Dec.,
5llie Dec.-Jan.,
sail
51632®7ia
51332 Jan.-Feb.,
Jan.-Feb
Oct
5Di8'a>2132@ 5g
Oct.-Nov
5716
Nov.-Dee
53s
Jan.-Feb
5^8
May-June
fora,
I
5»i6
Tuesday.
Ant-
•
Liver- Hull &
our usual
d.
51^33
I
Oct.-Nov.. r..514>32®71Q
Nov.-Dec
538
Dec.-Jan
5%
Delivery.
Mar.-Apr
114,761
sail
...578
Oct... .52332®
bj8®21jj2
.
..
Shipment,
Oct.-Nov. ,n.crop,
5t732®
Oct.-Nov..;
Feb.-Mar.5V®1532®7i6 April-Maj'
12,123
3/’00
3,750
unless
Monday.
Mar.-Apr
Crimdou, 4,30J Upland....Cohanira, 4,150
Upland...
v5i«i
d.
51732® Lj
Oet
5,5 8J
4,009
2,098
1,650
Tegethoff, 3,000 Upland
Upland
Delivery.
5L>
Dec.-Jan
1.063
To Bremen, per bark Alamo, 2,098
Upland
To Amsterdam, per bark
Finzel, 1,650 Upland
To Antwerp, per bark Deodota,
Uplands, Low Middling clause,
Jan.-Feb
Feb.-Mar
5^32
Nov.-Dee
2,55 4
UpUnd ...Ponema, 2,450
Upland
9,889
To Havre, per ship Harmonia, 1.853
Up and. ...per bark Jane, 2,150
Upland
To Cork, for orders, per bark Admiral
To Bremen, per bark Theresc,
the basis of
d.
Oct.-Nov
.
To Ghent, per bark Iris, 1,676 Upland
Savannah—To Liverpool, per steamer Athens,
5,815 Upland
per
ships Southern Rights, 3,128 Upland
Lizzie Feunell, 3,180 Up¬
land
Delivery,
Oct
..
To Bremen, per ship Cleopatra, 1,043
Mobil*—To Liverpool, per ship City of
Brooklvn, 5,580
<Charlbbton—To Liverpool, per barks
Wyre, 2,496 Upland....Memlo,
3,307 Upland....James Kenway, 1,636
on
0&1Q
Saturday.
—
.....
table will show the daily closing prices of cotton
for the
4
the same exports
are
467
40,000
34,000
7,000
247,000
181,000
corn
To-day,
2
spring on the spot
$1 04@1 05, spot and
further declined, and No. 2 mixed in
store sold at
40:.; but from that figure tber i was a gradual
recovery, until
yesterday, when No. 2 sold at 47c. in store and 47£c.
afloat,
owing to the more favorable foreign advices. Some new mixed
corn
has
advanced
come
to
market, and grading No. 3 opened at 44c., and
to 45c.
White corn is unchanged. Round
yesterday
yellow continues
scarce, and
the Western markets
market
was
at
are
quoted at G0@G2c. The receipts at
liberal for the season.
opened firmer, with sales of No. 2
47ic.; No. 1 white sold at 53c.
at
To-day, the
47£c., but the close
THE
CHRONICLE.
Rye has been active and firmer; No. 2 Western sold
largely on Wednesday at 58@58£c., and yesterday a single boat¬
load brought 59c.
State rye is also dearer. To-day, prime State
sold at 63c., and No. 2 Weslern was held at 60c. Barley has been
more
active at
full
prices.
Barley malt is
In Stork
New York
irregular, and prices variable
No. 1
;
white declined to 32c., and there were sales of boat-loads of No.
2 Chicago mixed at 30c., but finally there is little change from
last week.
at
To-day, the market was firm, No. 2 graded closing
28i@28fc. for mixed and 30|c. for white ; choice white sol<
,
.
Chicago
Milwaukee
Duluth
Toledo.
Detroit
The following are the
Flour.
No. 9
Grain.
$ bbl. $2 40® 2 90
Superfine State & West¬
-
3 00© 8 50
3 70© 3 85
ern
Extra State, <fec
Western Spring
Wheat
extras
do XX and XXX
do winter shipping ex¬
3
4
65© 3 90
00© 5 50
3
tras
do
XX and XXX..
Minnesota patents
City shipping extras
Southern bakers' and fa¬
mily brands....
Southern shipp'g extras.
Rye flour, superfine
Com meal—Western,«fec.
Corn meal—Br wine. &c.
80©
4 25©
5 50©
3 75©
4 10
5 50
8 95
4 85
4
3
3
2
5
4
3
2
2
25©
90©
10©
40©
2 85©
75
20
50
70
90
Wheat-No.3spring,busb. $0 84©
No. 2 spring
93©
No. 1 spring
©
Red and Amber Winter
98©
Red Winter No. 2
1 04-5)1
White
1 02©
Corn—West’n mixed..
45©
do
steamer grade.
47©
.
do
do
white
49©
©
yellow
Rye—Western
State and Canada
Oats—Mixed
White
86
96
...
1 05
04#
1 08
47#
..
.
53
....
58©
60
61©
63
27©
31
28©
33
1 10© 1 30
1 10© 1 10
©
72©
85
Barley—Canada West....
State, 4-rowed
State, 2 rowed
IB
Receipts at lake and river ports for the week ending Oct. 26
1878, and from Dec. 31 to Oct. 26, and from Aug. 1 to Oct. 26.
AT-
Wheat,
bbls.
Corn,
bush.
bush.
bush.
(60 lbs.)
730,008
(56 lbs.)
830,557
(32 lbs.)
359,607
19.260
359,483
136,894
218,738
18,900
6,688
31,79*
35,K 0
32,000
322,206
16,910
86.547
123.7CO
81,673
97,995
(196 lbs.)
Chicago
44,109
51,197
Milwaukee
Toledo
275
6.369
Detroit.
Cleveland
St. Louis
Peoria.
Dulutn
...
2,783
82.713
1,243
.
..
Total
Previous week
Corresp’ng week,'77.
Oorreep’ng week,’76.
.
133,689
154,960
182,268
155,066
...
2.020,852
2,5h3,202
1,833,549
1,906,302
....
1,238,746
1,278,501
9-4,487
1,545,717
Oats,
Barley,
bush.
(48 lbs.)
242,707
32,204
131,362
l.< CO
17,628
10,130
4,140
1.200
18,076
22,075
20,500
....
....
516,041
588,039
358,730
452,420
3,821,853 40.081,179 65,750,596 20.286.663 6,464,981
4,405,970 4 5,516,194 70,914,025 21,907,202 6.707,673
3.954,90! 56,276,801 42,426,045 21,909,450 4,507,464
TotAug.l to Oct. 26.1.481,285 36,785,279 29,616,141 12,987,430 4,917,701
Same time 1877
8ame time 1876
Same time 1375
44,491
14,981
7,700
87,791
Tot.Dec.31 toOct.26.4,477,944 70,192,268 82.U0.293 26,643,471 7,848,552
Same time 1877
game time 1876
Same time 1875
Rye,
bush
(56 lbs.
248,015
511,309
561,908
466,112
491,944
1,581,489
1,092,546
2,899,793
905.566
i.....
175,425
Philadelphia
Peoria
Indianapolis
....
Lake shipments, week.
On canal
Total
Ocf. 19, 1878
Oct. 12. 1878
Oct.
5. 1875
Sept. 28, 1878
Sept. 21, 1878
Sept. 14. 1878
Sept. 7, 1878
Oct. 27, 1877
*
....
329,931
1,168,774
,...13,099,673
....12,478,859
12,589,331
...
....11,703.489
....
12,604,249
l.-r8S,0l6 29.789,5*1 25,845,009
9,461,189 8,611,198
8,070,594 3,738.434
1,321,982 25,868,613 14,687,526 11,248,111 2,952,200
1,470.202 19,072,336 28,509,677
....
100,112
92,120
65,156
96,602
4,256,528
4,492,201
2,083,903
2,481,634
5,197,219
1,539,094
1,021,487
917,372
522,894
490,000
318,41ft
361,406
150,698
1,257,537
169,884
4,054
300
15.210
193,405
171,506
42,?. 06
31,662
85,433
124,393
151,847
1,118,340
1,860,000
8,603
9,803,948
11,0-5,074
11,184,098
11,293,242
10,600,568
11.362,411
9,563,035
•
501 124
•
88,264
157,964
128,542
21,675
244,662
46,651
*
•
•
•
-
.
103,861
38,563
9,553
•
•
67,50ft
711,430
73,’ 380
10.208,903
10,218,895
....14.701,428
bosh.
22,fc 61
•
Rye,
bush.
104.403
,
...
51,000
166,431
385,281
41,647
Barley,
294,867
10,924
205,000
142,349
279,487
.
•
•
3,781
•
•
•
•
•
•
•
•
•
• •
•
•
52,161
5*294
'
73,POO
71,257
1,325
• •
26,902
6,956
233,997
163,906
142,267
33,486
54.000
823,COO
107,300
620,000
408,000
5,213,725
1,648,97ft
1,249,579
3,562,441
3,729,690
3,713,632
8,942,782
4,248,526
4.115,278
4,318,278
8,943,8-8
3,727,077
4,767,541
4,142,867 1,260.292
8,776,721 -1,244,686
3.088,073 1,562,949
1,831.963
2,260,901
1.555,814
2.591,634
1,078,074
1,026,12ft
977.05ft
652,537
Friday, P. M.. Nov. 1, 1878.
The market has been
quiet during the past week in all depart¬
ments, and the volume of business strictly moderate. Operations
on the part of Western and
near-by jobbers were mostly of a
hand-to-mouth character, but buyers for some sections of the
South and South West
little
liberal in their purchas¬
because of the abatement of the yellow fever at some important
es,
were a
more
distributing points.
The jobbing trade was spasmodic and, on
whole, unsatisfactory, despite the exertions made by leading
houses to stimulate business by offering certain makes of cotton
goods, prints, &e., at extremely low prices. In foreign goods
there was no movement of importance; but a large and
very
successful sale of black and colored dress silks, of the imports
tion of Messrs. Iselin, Neeser & Co., was made by one of the lead,
ing auction houses, which tended to restore confidence in values
the
to
some
extent.
Domestic Cotton Goods.—The exports of domestics from
this port during the week ending October 29 reached 3,230
pack¬
including 2,372 packages to China, 557 to Great Britain, 200
Hayti,
and the remainder, in smaller lots, to other markets.
Shipments of flour and grain from western lake and rivey
The
ports from Dec. 31 to Oct. 26.
general demand for cotton goods at first hands was light
Tot.DfcC.31 to Oct.26.4,746,694 53,348,181 72,254,895 16,989,594 3.949,216 3,300,454
and unimportant, but prices ruled fairly
steady, except in the
Same time 1877
4,062,951 34,614.507 61,305,917 15,933,015 4,218,715 2,118,169
Same time 1876
3,797,844 41,124.849 66,647.742 17,936,690 2,687.6-8 1,7«>7.525 case of brown sheetings and rolled jaconets, some prominent
Same time 1675
4,315,847 48,137,126 37,707,884 16,071,163 1,960,893
726,877 makes of which were
slightly reduced by agents. Dyed duck*
Rail shipments of flour and grain from western lake and river
were rather more sought for by the shirt trade, but other makes
ports.
of colored cottons ruled quiet.
Cotton flannels were iu steady
Week
Corn,
Oats,
Flour, Wheat,
Barley,
Rye,
bbls.
bush.
bush
bush.
bush.
bush.
ending—
request and firm at unchanged prices, but there was a very light
Oct'26, 1878
233.997
829,931
142.267
104,742
151,847
33,486
demand
for bleached shirtings, and corset jeans remained
Oct. 27, 1^77
186.405
213,133
154,002
105,050
2,719
slug¬
Oct. 28, 1876
118.392
112.932
293,262
615,601
363,092
34,273
Print
cloths
at 3£c., cash, for 64x643, and
gish.
continued
active
Oct 30, 1875
399,955
278,441
88,904
422,625
23,567
Receipts of flour and grain at seaboard ports for the week end¬ 3c., 30 days, for 5Gx60a, at which figures large sales were reported
in the various markets.
Prints ruled quiet, and the stock of
ing Oct. 26, 1878, and from Dec. 31 to Oct. 26.
Flonr,
Wheat,
Corn,
Oats,
Merrimack D fancies was closed out by agents at the reduced
Barley,
Rye,
At—
bbls.bush.
bush.
bnsh.
bn*h.
bush.
>rice of 5£c.
New York
125,799 1,973.700
Ginghams remained dull, and some bourette
194,240
972,838
331,897
53,824
Boston
53,213
71,200
239,110
76,700
695
17,525
styles
were
marketed
at low prices.
2.975
Portland*
6.000
3,600
10,000
Montreal
296
Woolen
155,313
Domestic
Goods —There was a sluggish and unsatis¬
27,398
59,358
324.500
24,470
2X1,800
Philadelphia
7-4,200
61,500
.\66o
Baltimore
22.073
400,800
27.000
68,000
1,000 factory movement in heavy woolens for men’s wear, but worsted
14.127
New Orleans
52.165
139,684
42,744
coatings, in both heavy and light weights, were in fair demands
Total.
270,0*5 3.025,497 1,725,971
418,780
406,922
60,519 Cloakings and overcoatings, and beavers adapted to cloaking,
Previous week.
?4?,400 3,433,005 1.351.941
616,587
389,900
112,923
CoTTeap’ng week,'77. 877,677 8,586,842 1,806,434
878,916 448.764 204,043 purposes, were moderately active ; but there was only a lim¬
Tot.Dec.Sl to Oct.26.7,614,282 87,606,037 91,739,002 20,551,059 4,035,385 4,108,069 ited inquiry for repellents.
Kentucky jeans ruled quiet, and
Same time 1877
f.,340,645 3?,104,348 72,667,226 17,3v4,638 4,257,650 2,123,967
satinets
continued
in
light request, aside from printed [ styles,,
Same time 1876
..7,913.162 35,802,169 72.901,728 20,816,602 4,581.817
977,976
Same time 1875
7,743,206 44,081,726 49,594,419 16,325*42 2,579,157 349,805 for which there was rather more inquiry by
the clothing trade..
* Estimated.
For flannels there was a steady though moderate demand at un¬
Exports from United States seaboard ports and from Montreal changed prices, but blankets remained quiet. Worsted dress
for week ending October 26, 1878.
goods were distributed in relatively small parcels to a considerableFlour, Wheat,
Corn,
Oats,
Rje,
Peas,
aggregate, but shawls and felt skirts were devoid of animation,
From—
bbls.
bush.
bush.
bush.
bush.
bush.
New York
54.424
173,101
51,281
912,577
and there was a Jack of spirit in the demand for woolen hosiery,
70,076
23,281
Boston
12,549
8,499
157,721
underwear and fancy knit woolenb.
Portland
20
Montreal
54.578
8,m
124,104
15,666
Foreign Dry Goods.—Business has been very light with
57.477
171.520
5,427
Philadelphia
3,826
Baltimore
6,903
335
358,6'.6
68,509
importers, and the jobbing trade in foreign goods was only
moderate.
Such staple dress fabrics as cashmeres, merinos and
Total for week..
84,376 1,461,873
635,429
58,535
70,076
38,231
Previous week
61,160 2.199,6:^0
40.171
703,914
145,402
107.767
drap d’ete were taken in small parcels for the renewal of assort¬
Two weeks ago
99,604 2,484,128 1,354,445
109,103
181,629
67.478
Same time in 1877.:.
659.556
74,821 2,371,616
2,157
30,437
114,364 ments; but fancy dress goods ruled quiet, aside from Scotch
From New Orleans 27,C4S buch. wheat, 35,000 hash, corn, and S5 bble. flour;
plaids, for which there was a well-sustained demand. Silks were
from Richmond, a steamer cargo of flout
inactive;
and silk velvets were less buoyant than of late, though
The visible supply of grain, comprising the stocks in
granary
fairly steady in price. Linen and white goods, laces and
at the principal points of accumulation at lake and seaboard
ports,
and in transit by lake, canal and rail, Oct. 26, 1878, was as embroideries were lightly dealt in, and men's-wear woolen®
ages,
,...
....
....
..
..
...
.
...
•
•
•
•
....
•
•
•
•
....
follows:
•
m m m
continued slow of sale.
•
18,890
187,146
THE DRY GOODS TftADE.
to
.
•
960
Estimated,
....
Peas—Canada, boud&free
Flour,
3,480,486
5,500
Oswego*
Baltimore.
Rt.il shipments, week..
closing quotations:
bush.
17,792
St, Louis.
Boston
Toronto
Montreal (12th):
Oats,
bush.
402,053
Kansas City
at 38c.
Corn,
bush.
Buffalo
dearer.
Oats have been somewhat
Wheat,
at—
Albany
and rather
scarce
rvoL. xxvn
V
N0VBMB3R 2, 1878. J
THE CHRONICLE.
Importations of Dry tiood».
Receipts of Leading Articles
The
importations of dry goods at this port for the week ending
31, 1878, and lor the corresponding weeks of 1877 and
1876,
Oct.
have been
follows
as
1876
Pkgs.
Manufactures of Wool....
do
do
following table, based upon daily reports made to the
New York Produce
Exchange, shows the receipts of leading
articles of domestic produce in New York for the
week ending
with Tuesday last, for the
period from January 1, 1878 to that
Value.
$267,081
172,218
615
608
618
803
cotton..
silk
....
do
flax....
Miscellaneous dry goods.
Total
Pkgs.
148,227
136,217
8,052 $1,228,472
1,922
Pkgs.
$120,251
573
96,948
600
1S7.964
97,417
106,892
b98
—-*
day, and for tlie corresponding period in 1877.
Value.
$204,287
147,753
433,903
166,738
744
247
$609,472
'
--*1878
■
Value.
349
314
842
444
473
504,750
318
31, 1818.
1877
,
Week ending Since Jan. 1. Same
time
Oct. 29.
113,713
Ashes
Beans
2,862 $1,066,399
Flour, wheat
SAXE PERIOD.
do
$105,338
44,923
...
do
cotton.,
silk.
do
flax....
$107,416
317
86
61
$119,331
24,468
210
67
233
772
47,093
32,657
26,216
Miscellaneous dry goods.
Total
1,466
Add ent’d for consumpt’n
3,052
52,581
53,751
33,964
293
1,142
$240,309
1,228,472
1,92*
Total thrown upon mark*t 4,518
$1,458,781
3,791
1,872
$272,180
609,472
of wool....
do
do
do
cotton.
515
227
259
603
.
silk
flax
Miscellaneous dry goods.
$195,334
78,374
281,127
213
26,039
57,156
133
43
226
862
57.279
2,233
29,795
$643,093
1,228,472
8,495
1,922
$244,919
641
603,472
2,862
$1,876,570
5,417
$354,391
llS
1,066,399
Total entered at the port. 5,03!
imports of
Leading Article*.
$96,273
43,519
41,979
44,333
25,149
2,\
.
Total
Add ent’d for consumpt’n 3,052
\ $251,253
1,066,399
8,503 $1,317,652
,
The
following table, compiled from Custom House returns,
shows the foreign
imports of leading articles at this port since
January 1, 1878, and for the same period in 1877:
[The quantity is given in packages
Since
wnen not otherwise
Same
Earthenware—
China
Earthenware..
.
12,516
31,773
12.221
34,146
1QS UAH
Glassware
Glass plate....
Buttons
Coal, tons
Cocoa bags....
Coffee, bags
Cotton, bales
Drugs, Ac—
Bark, Peruvian.
Blea. powders..
Cochineal
Cream Tartar..
Gambler
Gum, Arabic....
26.501
4,2*9
7,52
60.197
18.597
20,384
1,514,666
4,510
1,373,883
4 572
Flax
Furs
Gunny cloth
Bftir••••
Hemp, bales
Hides, Ac—
Bristles
Hides, dressed..
•
•••
••••••
India rubber
Ivory
Jewelry, Ac.—
•
slabs,lbs....
Paper Stock
Sugar, hhds,
Sugar, bxs
tcs. &
A bags.
...
5,134
4, 98
-
86.977 Cigars
1,231 Corks
19,587 Fancy goods
53,801 Fish
54,106 Fruits, Ac.—
4,460
Lemons
85e
17,702
50.30)
54,6(9
2.669
5,554
1.049
3.907
5,606
26,312
924,635
404,338
.....
Oranges
Rice
1,107
4,177
.37,043
1,459
1,557 Spices. Ac.—
5.240
Cassia
48,6'n
Ginger
583
2 125
2,349
'466
420
2.3 968
J90 5 ,3
74,790
84,765
$
48,869
822.184
Pepper
80,105
109,955
419.397
176,119
Cork
340.784
38,550
362,173
524,540
52,710
505,687
47,417
Fustic
Logwood
343,659
28.223
of
Provisions.
week ended Oct.
Pork, bbls.
bbls & tcs.
795 j
467
London
Glasgow
Bristol
....
88
Hull....
Hamburg
Antwerp..
50
to
Bremen
Havre
Oporto
West
•
.
*
•
7s
•
..
30
12
lbs.
Bacon,
lbs.
Cheese,
lbs.
Indies
Total week
....
week.
215
798
1,107
lbs.
1.965.620
580 909
7c9,175
556,800
63,7oJ
47,30.
86,310
69,825
818,964
48,375
10S,80C
310,30'
732,220
323,720
113.223
32,000
3ii9,425
•
•
•
945,050
•
•
•
127,440
1,2C0
403,2*0
208
42,925
329,102
6,100
3S,500
138,600
58.300
29,880
10,000
55,000
•
....
898
42
116
38,753
.;.Dbls.
6,547
5,443
....
124,355
16,738
18,907
21,768
.
*,565
1.484
2,520
2,810
5,769 2 607 3,358,586 8,187,79^
2,795,659
7,77t 2,1/6 4,068.124
7,991,466
8*1,68$'
56,428
188,244
43,314
143,615
35,811
1,068,286
841,579
1,070,551
1.032,672
2,623,806
1,913,16*
412,76*
333,990
413,751
592,190
36,276
20,083
No.
876
145
pkgs.
2,331
65.715
pkgs.
774
274
(,2,920
16.533
Pkgs.
71
931
84,016
62,737
32,2=13
11U37
1.266
cases.
Leading Articles
6,295
1,863
16,033
66,440
182,041
131,862
4,863
lb9,725
1,723
72,901
of Domestic
726
12,626
59,002
59, 0*
92 542:
130,169
68,41$
Produce*
The following table, based
upon Custom House returns, show*
the exports from New Tork of all
leading articles of domettic
produce for the week ending with Tuesday last, from the 1st of
January 1878 to the same day, and for the corrasponding period
in 1877.
Week
92/65
114/ 52
2<» 150
5,746
....
1,177,3 8
2,504,346 2,2/1,010
‘ending
Oct. 29.
Ashes, pets
Ashes, pearls
Beeswax.
Breadstuff*—
Flour, wheat
Flour,
bbls.
rye
Wheat
...
Bye
104,196
50,214
2,021,935
3,692
170,527
45.345,433
8,634,6* 8
1,126,880*
987
bush.
842,305
Barley
-37,817
52.870
150/75
23,696,'2$
531
1 474
tons.
38,965
45.504
•
•
•
•
16/265
Domestics
Hay
Hops
Naval Stores—
Crude turpentine
Spiiitu turpentine
Rosin
Tar
Pitch
Oil cake
300
307
1,307
135
15 16*
3,772
211,982
56
Whale
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
1,440,645
560
391,9*6
452.965
gals.
7 188
30
4,885,843
bb’s
2,431
634
Beef
1,722
Cutmeats
Batter
Cheese
Laid
Rice
lbs.
....bbls..
fl>3.
Tallow
1 obacco, leaf
bales and
Tobacco, manufactured..
cai-es
lbs.
6,735,104
30v,549
1.471,811
2,361,437
2.7
1,275 368
1,411
1,347
151,427
206,110
1,044,994
264,198
10,808,00*
4!y13*
30,770
80,68380,608^
87,5*3
42.402
■535
22,359
201,294
9,380
6,768
4,938
70,114
gals.
Sperm
14,587,4851,776,593
3
5,664
119,407
49,946
39,353
3,403
6.(02
185.028
3,350,969
1,518,117
815.9S8
•
Pea*
Corn
Candles
Whaieboj-e..
142,650
bbls.
bush.
2/0
155
70,184
Oats
1,837
196
•
10
Corn meal
Tobacco
Since Jan. 1, Same time
1878.
last yea-.
1,265
• •••
.
Oils
48.000
574
2,174
Tallow,
772,240 5,402,792
88.8K)
31,825
....
'South and Cent. America,
Brit, and N A.
Coionies..
Other countries
Previous
0 50
484
1«H
60
*i3i
Marseilles
Continental Ports
26, 1878, and their distribution:
Lard,
pkgs
$81,15*
15,930
116,084
•
pkgs.
.
Beef,
Liverpool
of
Cotton
following are the exports of provisions from New
York,
Boston, Baltimore, Philadelphia,
Montreal, Portland and New
To—
Wool
•
*
1.829
hhds.
bbls.
bales.
Whiskey
Coal.
The
Orleans, for the
bxe. and
Exports
•
2,883
1,077
31,194
23,448
753,616
362,161
Saltpetre
Woods-
Tallow
Tobacco
Tobacco
2,94*
69,226
345,29*
21,169
8,616
14,636
bbls.
hhds
Sugar
69,527
15
190
240
slabs
Sugar
117,825
53.466
1.848,595
899,626
1,889,405 1,206,639
424,586
669,124
8*9,923
698,618
9.049,638 10,111.421
229,674
277,291
126,280
Mahogany.......
Exports
112,728
34,718
$
53.299
4,773
Nuts
2,673
Hal sins
109,838 Hides,
undressed..
142,567
71,993
1,260,112 1,022,730
.
Spelter
24
743
12,419
kegs
'40.085
8,643,714
252.830
pkgs.
tcs. A bbls.
Stearine.
51,372
730
76,005
110,859
value—
33,330
Laid
Lard
514,163
495,767
1,829,419 2,376,612
763,142
746,769
384
50,373
Wines
4,559 Wool, bales
4,072 Articles
reported bv
5,423
3,2e0
1,142
103 074
763.206
47,691
Champagne,bktr.
•
15.272
Watches
Molasses
•
Tin
3,237
566
42,184
992.548
871,134
9,222,590 8,881,630
108,363
160,054
Tin, boxes
15,616 Tobacco
24,288 Waste
3,2u7 Wines, Ac—
2,818
•
8teel
3,411
5,896
969,213
35,727
Spelter, Tbs
Tea
34,022
23,695
Madder AExt.of
Soda, sal
Sodaash........
6,725
5,667
1161629
Indigo
Oil, Olive
Opium
Soda, bi-carb...
33,066
Cheese..*
Eggs
109,085
62,751
3,631,061
••-•
»
125,7f*
174,551
101.502
207
25
pkgs.
pkgs.
pkgs.
Hogs, dressed
Cutlery
4.071
2,446
1,190
4,3*3
93,5*0
4,839
1,770
'
Rice
Hardware
Lead, pigs.......
29,344
27,108
bbls.
galls.
bush
1,588,323“
18,778.276
193,689
4,333.314
856,895
502,466
12,632,810
4,404,979
569,736
718,781
28,017
973.439
153,472
139,028
2,198
64,941
335,185
18,219
2,594
8S8.902
..
Butter
344,542
bbls.
bbls.
bbls.
bbls.
bbls.
Turpentine, spirits
Beef.
8
16.201,855
83,433,861
416.777
•
193,689*
52,661,279
67,210
935,614
214,946
hhas.
bbls.
Provisions—
Pork....
160,485
2,267,300
pigs.
CutmeatB
Metals, Ac.—
2,625,221
No.
bales.
bales.
sides
Rosin
Tar
Pitch
Oil cake
specified.]
8,583,161
427
Molasses
Molasses
Naval Stores—
Turpentine, crude
Peanuts
121,805
13,85*
Lead
Oil, lard
Oil, whale
5/>24
65,189
bbls.
Leather
3,464
61,601
bags.
....bags.
Hops
Since
Same
Jan.l ,’78 time 1877
Jan. 1/78 time 1877
China, Glass and
Cotton teed oil
Flax seed
Grass seed
Hides
last year.
3,538
1,877
bush
bush.
bales.
Hides
$74,650
45
Barley and malt
Peas
Cotton
4,461 $1,369,698
100,296
43,057
173
...
23*
68
Corn
Oats
803,299
URING SAXE PERIOD.
Manufactures
Rye
53,789
41,2i7
41,849
1,599
2,862
$881,652
Wheat
1878.
103
bbls.
bbls.
bush.
bush.
bush.
...bush.
Corn meal
295
31.185
..
bbls.
/..bbls.
Breadstuff's—
WITHDRAW* FBOX WAREHOUSE AND THROWN INTO
THB XABKET DURING THE
Manufactures of wool
of Domestic Produce.
The
:
EMTBBBD FOB OOXBUMPTIOM FOB THB WEBK
ENDING OCT.
469
1,058,751
8,915
176,396,683
43,t8J
1,100,28*
8*,osr
212,61*
,
337,117
10,961*
193,370,661
198,610
42,024
48,214
155,351
33,644
371,5S>, 379
201,753,836
18.141,53*
94,194,709
141,105,05*
19,547,006
117,538 401
213,372,6 >7
19,613
60,985,919
101,981
75,9 9
6,114 848
92,983
46.915
21,977
47,423,017
84,810
88,905
7,230,890
67,424
THE CHRONICLE
470
GUNNIES.—See report under Cotton
MBNBHiL
HAYNorth River shlnn^uc
PKIOh’S OUH'kBNT
A*RBSFot, diet acrt
ft ft.
BREADSTUFFS—Se«special report.
BUILDING MATERIALStiricks— Common bara,afloat..ft M
Groton
Philadelphia.
4«4
7 uo
Black walnut.-.
Snruce boards A olauke, each
Hemlock boards, each
75 00
20
to
\i
to
.
Clinch,lx to 3 m. a longer.......:
4 25
:...
..
to
.
Cutspikes, all sizes
to
-
PUrUM— Ld., wh. Atn.pare. 1n oil
Lead,wo., Amer.,pure dry
Zinc, wh.,Ainer. dry. No. I
ft ft
Einc.wh.. Amer.,No.l,in oil
Paris white. Eng., gold... V 100 lb.
3(JTTKK—(Wholesale Prices)—
P*>ls, good to choice State
ft ft.
Wett't creamery *’d to ch
“
Welsh, state, good to p.ixe
“
Western da ry. ta1r to pr.
“
(JHUKbh.State factory.primetocho^-e....y a>
Western factory, *’a to cho ce..
“
so
28
16
5 25
4 45
2 45
b
A
9
1 55
1 50
..
60 00
22 00
*7k
5
6
;
....
.
18
22
15
9
to
to
21
:3
16
to
14
8
«
8Y
9
GOALS fO
12 00 <i ’3 (Xs
Liverpool gae canuei
(^{Terp'tol lions/' canned
following will show
■Anthracite—The
prices at
(ast auction or pu*3t nt .October rat**:
D.&H. P.& R. L. & W.
ic L <t W
I’ei.n.
Auction.
Sched.
Sched.
Scued.
N Y.
Port
Oct 30
SewHa bor.
Job’i-t’n.
1 ure *
Hoboken
1 l5(S> s 4 y6
$» oil
*3 '0
Bt’tnb..
55
o 65
3 57 '<i
3 7 >
Grate... 3 *5
8U
3 >5
3
3b.H
Rtfg . . it 75
4 2’
i .0
4 :-5
Stove... 4 • f>
3 64
3 6U
Ch’out.. 3 50
*
50 ct1 jts per ion additional for delivery at New
\ oik.
‘
Cor r Kt —
Rio, ord. car...
do fair.
Hi.
uo
idOKOOh.
6kj pniU'f,
iU»
fkvo, mails ... .
Native Ceylon
Mexican
.rid.ftft
“
.goic.
“
*5V
.kolfi.
"
*’
2a?\ fi
16 £
••
15 <&
14?i
11 iy
i.
,...
.
...
i
-1
...gol*;.
.
.gold.
...gol l.
.
...
Jamaica
u.
14 fe
15 <(i
15 i* a
•
...
Maracaibo
lc
..gold
....
Lagnayra
,.
Bt. Domingo
Bavantlla
..
go
.
.gold
.
gold
gold.
.
Costa Rica
“
“
'•
i3^'
L'k
a
^5
18
17
lt^
.
“
l-Jj-j >
12 is
14 @
4
15
*'
“
11
16 H
U
1
■
13
«*
ft ft
lolts
6 leatbi
.g, new (over 12 oz/
urazler8'(dver 16 oz.)
American Ingot, Lake
28
26
28
16
&
«-
%
S
.
COTTON— aee special report.
....ft '.02 ft car 2 O’
A.oin, lump. Am
Aloes. Cape
A oee. uarbiices
<&
ft it. goto.
• l>i a
"
2o <&
ArsoiiJc,powdered
**
2 <q
ntcarb. soda, Newcastle.ft LOO ft “
3 70
jllchrO. potasn. .
l%j
cur.
Bleaching powder..... f» b e lr>. **
10 4
Heims tone. 2u
& 3rus,per ton.gold.21 00
Brimstone, Am. roll
* ..cur.
2^ i
“
<’*iui>hor refined
i;*ar.oroi),K.I.lnbo!id ^^al.-gold.
95 <4
Csustlc soda
‘4< UK) tb
“
3 55 6
C ilorate potafh
“
44 1 7 5 ' la
C >chtneal. 5iotiitur»e, si.\ er...
55 C
Gochmeai, Mexican
..
—
1.
22
—
powdered.
Cream tartar,
C U»ebs. Kant.
C1UI1
CiAmbler
1
.c. r.
31 *e
12 (0
■*><]]*■
‘h»
wxa
inim
■•
per
ginseng
lycerine, American
ICO lbs.
9i
c°r-
pure
,4
Jalap
paBte,Calabria
*
paste,Bfcllv —....... 4
Licorice paste,Spanish, solid.. .gold
Licorice
Licorice
Madder. Dutch
Madder.French. K.X.F.9
Nutgulls.blne Aleppo
cur.
Oil vitriol (66 Brimstone)
*
Opium,Turkey ....(in bend), gold.
Prussiate potash,yellow. Am..cur.
Eoln
OolcksUver
•
cur.
Quinine
Shobarb, China,good to pr.... “
'Salsoda, Newcastle..¥> loO ft, gold
English. W ft.cur.
100 ft. gold
Sugar of lead, white, prlme.V ft cur.
vitriol, blue.common
“
Shell Lac, 2d ft lflt
Soda ash
2X
ii
1 40
;c tU
26
1 V
1.
1
.
16
21
26
A
O
®
11
4 is"
1 1>
17
B
29"
24
28
8
a
lex®
IK®
3 37
22
4«
3 6j
82”
e
c6
5
6j
6
6
3
e
50 /f
1 12' 0
1 63
e
5*
19
1Y
3 5j
?8
3 70
l 50
i 15
22
1 •»
20
6XA
Gr*d Bk.ft George’s (new) cod.? qtl. 3 75 C 4 50
Mackerel,No. 1,M. shore
pr.bbl. 14 00 i% 22 0J
Mackerel, No. 1, Bay.. .
13 00 0 20 OU
^ w
Mackerel,No.2 Mass.shore
8 00
Mackerel, No. 2, Bay
Raisins .Seedless, new, per
do
Layers, new
do
Loose, new
do
Valencia, new
Currants, new prime
Citron
501b.frali
...
AGENT ^
"
“
ft ft
7
fX
Ti
"
5
VllertOM New fUllla9>
Atlantic Cotton HI tile.
Saratoga
HIDES—
Dry—Buenos Ayres^elected.fttogold
do....
Montevideo,
66
do....
Corrientee,
Rio Grande,
do....
I*
• f
s •
•
Fig,American, No. 1
Pig, American,No.2
Pig, American, Forge
Pig. Scotcn
to
to
a
to
20X
9
9X»
10
8
PHILADELPHIA,
Brinckerhoff, Turner
9H
to
&
8X
to
ft too. 16 50 ® 17 50
15 50 to 16 50
14 «i to 15 5»
21 00 0 23 00
COTTON SAILDUCK
Priced,
Bar, Swedes, ordinary sizes., ft ton. 130 00 &13? 50
ft lb.
2 5-10®
5
Hoop, Xx.No.22tolftl^xl8&!4 “
5 to 2 8-10
Uy
Sheet, Russia
..gold.ftft
lOXto
Sheet, single, double ft treble, com.
3^to
4
Rails, American
;< ton, cur. 34 00 to 35 CO
Steel raile. American
4 j uor to 44 00
And all kinds of
COTTON CANVAS, FELTING DUCK. CAR GO VER
Gnu, BAOGl NG, RAVENS DUCK, SAIL TWINES
AC
“ ONTARIO ’ SEAMLESS BAGS,
‘
b
Pates.
Figs, row
..
Ca:;tOQ Ginger.wh.ft hf.pots.? case.
■fiir'jtnc-', ? h ’lf box
•^firol :c^, ? quarter box
ftia^nroni. It?itsan
?ft
IkiiiU’xt.c Iv ied— -
State,
# ft.
sliced.
do
quarters,
;.
•Peacl.es, pared, Gu., g’d to ch’ce ’’7'?
do
cnpared, halves and qr«...
■Ulsc.h i orro s
s
t.Lerncs. cry
i’.Lii.!-, b ate
mixed
Yi u i.’: tie l errie s
1 yJ ©
1 *0 ©
&'4 ■*
4 &
&
® ©
*3 (&
6 50 Ji
lfbYi*
’I'X^
12X<&
1 75
1 60
6X
4!<
13 %
6>;
13
Also, Agents
ft gal.
Cuba, clayed
Cuba, Mas,,refin.gr’ds,50test.
“
do
do
grocery grades.
“
Barbadoes
Demerara
Porto Rico
N. O., com. to prime
NAVAi. STORKS—
...to
81 to
“
2 20
2 20
1 90
Tar, Washington
ft bbl,
Tar, Wilmington
Pitch, city
“
Spirits turpentine...*
ftg&lRosin, strained to goodstrd.ft hbl.
low No. 1 to good No. 1
“
low No. 2 to good No 2
“
low pale to extra p *ie
“
window glass
“
OAKUM—Navy,U.3. Navy & best ft*.
...
••
••
.
2 37^
2 31X
2 on
29
to
2
to
**
•“
to
to
_
27
“
“
**
“
“
“
Y/trape\*
10^
10
l 20
62
80
6
d
60
48
43
81
98
45
1 01
to
52
John Dwight & Co.,
PROVISION b—
Pork, mess,spot
Pork,extra prime
Pork, prime mess, West
3«iei, p ain aiese.
Beef.extra mess, nominal
Beef hams, Western
Bacon, Weft, long clear
Hams.smoked 7.
Lard. City steam,..lilCF—
fai
9J6
44
7 A <k
Ao.
...Cm
6
10 ;o
10)4
C'GX
6% %
6V
....to
3K
...d
cur.
37 X
4
snGARInferior to common
F.ir
refinlrg... .ft ft.
“
Good refining
...
**
Porto Rico, refin,. fair to prime “
Boxes, c-ayed. Nos. 10012
.
“
Ce itrifugal, Nos. 7@13
"
Melado
44
Manila, sup. an 4 ex. sup
Batavia. Nos 1'012
Brazil, Nos. 9011
Refined—Hard, crushed
Hard,powdered
do
gran ulate
cut loaf
...
I
...
6 00
6 25
s on
1614
11Y
14
4
3
Cl
®
i'Xli
r
X ’&
ii
3
5
2S
!8
.5
U
5 V,
3X
*■4
c
19
16
12
&
7X
o
7X*
7Xf
7X
4h®
6
**
44
fx i
7h *
**
"
<%
i
“
9X4
“
9% to
“
"
“
....
AND
VA
:x
9Y
ex
»x
-
W. G. MEANS,
' Treasurer,
40 Water street, Boston
Russell & Co.,
commission
“
“
.
..
PX
Pi
Vk\
M
..
tallow—
Prime city.
8X
b
6><;r
None.
ft 2. c!
nerchantn
SHIP AGENTS,
.
Hons Kong, Canton, Amoy, Foochow
(hangltal and Hankow, Clxina*
Boston Agency.
) New York Agency,
J. MURRAY FORBES, [
S. W. POMEROY Jn.,
30 Ckktbal Stekkt. \
105 Watkb Bar., N. Y
.
11-16^
V*
6V
Hong Kong & Shanghai
Banking
Corporation,
Office, Hons Kong,
Head
AOXXT,
S. W. POMEROY Jb.. 105 Water St.. N. Y.
Amerlcar. X.\
Am er lean. Nos. i ce 2
ft a
American,Combing
Extra, Pull ad
No.l, Pulled
California, Sprime C;;p-
Supericr, unwasheo.
...
Fa»r
Inferior
Burry
...
3 juth Am. Merino, utiwaehed
Cane Good Hone, unwashed
Texas, fine. Eastern
Texas, medium. Eastern
gold.
Smyrna, unwashed
rJ r. Livxkpqcl:
Cot. on
ft ft
Flour
^ ebi.
Htav* goods, .ft ton.
.
Corn,b’lk& bgs. ft bn.
Wrucat,bulk & bass..
ft fee.
Pork,,,
ft it.
Bcc-I
N. H.
Steam
“
•RMIGHTS—
IP
Works,
Locomotives
and Amoskeag
Fire Engines,
ARENAS BLOOD,
Superintendent,
Manchester, N. H
i
....to
7 ©
**
Coffee, A. standard
do
off A.
White extra C
Pxtra C
ti
QU
...«•••
Yellow
Molasses sugars
(X
:
-
MANUFACTURERS OF
MANCHESTER,
•’•Ob ft.gold.
Foreigri
Domestic, common
York.
New
Locomotive
rtPELTKK-
do
Mip,
MANCHESTER
6^
**
Old
II
Jobbing Trade ONLY Supplied.
4*0
to
“
10.4 ft
The
.@
.
ft*.
.
SODA.
8 (0
to
...
*4
44
Louisiana, fair to prime.. ..
Rangoon, in bond,
..ft
Patna, oufy paid.
t
in to to
15 59 to
...to
“
ft *■
topilme
OF
b
....to
“
...
SITPE R-CARBONATE
14
v
7 75
ft t>r*i.
44
.
i.,
“
“
“
MANUFACTURERS OF
5
....
NEKBLKS.
BROADWAY, NEW YORK.
400
....i 2-rou
to
12 K''*
HELIX
91 f(.WARD’S
90
50
45
85
to
to
to
0
...0 80 59
Clty, thin ob’cng.bags, gold, ft ton.
Western, thin oblong (Dom.)cur “
PETROLEUM—
Crude, in bulk
ft g'd.
Cases
“
Street.
75
25
to
..
Duane
George A. Clark & Bro.,
is*'
A
15
58
'
Bunting Company.
supply all Widths and Colors always in stock.
0
PX©
ft */hI.
Whale,bleached winter
nU
109
a
to
to
to
1 37
1 7o
1 59
2 59
4 00
*•
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil. Nos. 1 and 2
A
state*
Nominal.
32 to
45
4}
25 to
44
Ijluseeii, Casks and bbic.
Menhaden, crude Sound
Neatsioot, N o. 1 to extra
united
S3
....
“
01L&—
Cotton seed, crude
Olive, in ch«k> ft gall
....
....to
Nominal.
“
...^
..
ie"
AWNING STRIPES.’
MoLASSES—
Caro in.
Co.,
Manufacturers and Dealers In
Store
Scroll
BOSTON,
15 Chaunoxt St.
J. \ W. i*AYTON. 280 CHBSTNUT SfSSBT.
7X
10
12
it
NEW YORE,
45 Whitk Strbkt.
17
It
sxe
Drawers
From Various Mills.
19
19
to
to
to
i
9
Hosiery. Shirts and
ifiX
i3*a
l6Xto
i6Kto
.
Victory AKffc Co.,
AND
29
20
is
19
do....
do....
#4
Matamoras.
do
4
Wet Salted—Buen. Ay, selected
II
do....
Para,
Ii
do....
Calilornia,
do.... cur.
Texas,
E. I. stock—Cal. kips.sjaught. gold
6*
Calcutta kips, deud green..
fs
Calcutta, buffalo....
IRON--
Orinoco,
California,
FOR
WmIiIukIou ixtiilaiy Ohteopee JKtg Co,,
Hurllngtou wooleu €0.. :
WOOL-
*%.?•
French
Apple-, fck'U'.5:ern, sliced
'Jo
co
quarters
900
Q 10 03
a
Vt^9
Prunes, Turkish (crop of i8n)
gold.
E. R. Mudge, Sawyer&Co
®
&
©
...
...
Naplrba.Clty, bbls
•2
.
1Kgapv:errt
ft ton.
Refined
DAUGS A D ¥ KS—
d »
do
HKMF AND JUi’K—
American dressea
American undressed
Russia clean
Italian
Manila
Sisal
Jute
45
(ft
OIL CAKE-
COPPER—
do
Commercial Card§.
40
V 10U ft
*
to 45 00
V M. ft. 25 00
Sdfine...
•
...
45 0b
45 00
®15u 00
rp<Ui4>—10®60d.crm,fen. A sh.ft keg 2 155 to
to
'
1 CO
to
•
to
&
e
to
<2>
to
Rutland finishing
Lumber—Pine,g’d to ex.dry V M It. i5 DU
Pine, shipping, box
IS 00
do ta.iy boards, com.to g'd.-ach.
22
Oak.
ft M. It. 38 00
Ash. good
3S 00
Mapie...-
i\
to 4 75
to 9 00
to 28 00
i 25
26 0<j
Qemcnt—Roaendaie..
V bbl
Uma- Rockland common....)! bbl.
>
[Vo£. xxvu.
......
...
-bteam.—>
S. d.
h. ((.
r-lox 11-32
3 c.
ol 6
.
3
41
7y.
0
7H-
7Xi....'
7 0
50
©....
20
28
96
a
3?
to
SO
6b
18
A
i8
42
31
20
n
2u
14
12
if 3
25
a
«
S«
&
a
22
13
26
to
0,
r<t>
@
>AY L
e.
d.
*
COMMISSION
&
......
K
0
oj
,,
.
.
•
•
•
•
• •
•
Co.,
MERCHANTS,
Sliaughal, Foochow and
Canton, Cliina.
Hong Kong,
6#
2 9 &
11.
Olyphant &
■—v
...M
22 6
BOSTON.
Place,
Post Office Box 2,G3i.
26
30
25
25
15
(!•>
COMMISSION MERCHANT,
11 Exchange
26
18
20
ft
Charles E. Parker,
REPRESENTED
OLYPHANT &
BY
CO., of Cliina,
••
S*4 4
104 Wall St,, New
York.
@FedFRASER