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HUNTS
MAGAZINE,
MERCHANTS’
INTERESTS OF THE UNITED STATES.
(Entered, according to act of Congress, in tlie year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
NO. 804.
SATURDAY, NOVEMBER 20, 1880.
VOL. 31.
prediction
CONTENTS
discontinued
THE CHRONICLE.
524
Tlie Condition in Wall Street.. 519 Recent Bank Failures
Bank Currency Needed, but
Monetary and
Commercial
English News
525
News
527
520
Decreasing
Tho Silver Dollar
521
Thb Baltimore & Ohio Report
Analyzed
522
:
THE
BANKERS’
GAZETTE.
I Quotations of Stocks
and Bonds 531
' been
f
for
quite generally made when Mr. Sherman
his purchases of bonds.
In fact, there has
was
some
time great fear
expressed lest, with our
and a continued outflow of
present limited bank reserves
money to move the crops, the market should be manipu¬
lated and made artificially stringent. There is a fear
of that kind still
prevailing, and it will prevail so long
possible. Prob¬
Banks,etc
and Corporation Finances... 533
528 1
THE COMMERCIAL TIMES.
ably the rate would, through natural causes, have
Commercial Epitome
537 I Breadstufta...
542 touched
higher figures even now, had there not been
Cotton
537 ( Dry Goods.
543
such liberal offerings,—usually after brokers’ balances
were made up,—by parties who it was supposed were
preparing soon to call in and lock up the funds. Their
The Commercial and Financial Chronicle is issued every Satur¬
object in thus pressing the rate downward was inter¬
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class preted as an effort to influence favorably the stock
market, enable them to unload or make speculative sales
mail matter.]
of properties at comparatively high figures, and obtain
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
information, through the character of the collaterals
For One Year (including postage)
$10 20.
offered on loans, regarding the location of large blocks
For Six Months
do
6 10.
Annual subscription in London (including postage)
of stock.
£2 7s.
In this way it'would be possible at a favorable
Sixmos.
1 8s.
do
do
do
moment to call loans from the heaviest borrowers, put
Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. Tho Publishers cannot be responsible them to inconvenience in seeking accommodation else¬
for Remittances unless made by Drafts or Post-Oiliee Money Orders.
where, and at the same time make a demonstration
Advertisements.
Transient advertisements
published at 25 eents per line for each upon the stock market.
insertion, but when definite orders are given for five, or more, insertions,
How far there is anjr basis for such surmises, it is of
liberal discount is made. Special Notices in Banking and Financial
column 60 cents per line, each insertion.
course impossible to
te'jl. There are, however, some
London and Liverpool Offices.
influences outside, and above the reach of even our
The office of the Chronicle in London is at No. 74 Old Broad Street, \
and in Liverpool, at No. 5 Brown’s Buildings, where subscriptions and f own
large stock manipulators. Each succeeding week
advertisements will be taken at the regular rates, aud single copies of
the paper supplied at Is. each.
only serves to demonstrate more clearly that railroad
WILiUAM B. DANA,
?
WILLIAM B. DANA & CO., Publishers,
t. )
John g. floyd, jr.
properties have materially changed in value during late
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
years.
On the basis of earnings prices of good securities
are
not
A neat file
is furnished at 50 cents; postage on the same is
up to value even now, and with so large an
18 cents. Volumes bound for subscribers at $1 20. A complete set of
amount
of
government securities falling due the coming
the Commercial and Financial Chronicle—July, 1865, to date—or
Hunt’s Merchants’ Magazine, 1839 to 1871, can be obtained at tho
year to be reinvested, a strong influence in favor of
office.
higher prices exists.
Money Market, U. S. Secnrities, Railway Stocks, Foreign
Exchange, New York City
j New York Local Securities .... 532
j Investments, and State, City
the conditions remain which make it
as
3£he Chronicle.
are
a
cover
There have been also
THE CONDITION IN WALL STREET.
Our financial markets have held
an
apparently
con¬
flicting position this week, that is to say, prices of stocks
have advanced decidedly while money has been close.
On call, on pledge of stock collateral, loans were made
at G per cent at the Stock Exchange on Saturday last
some
incidents of minor im¬
portance which have served to strengthen the tone of
the market this week.
Among them
the Missouri Kansas & Texas road
restored to the
a
we may
notice that
has been ordered
company by the Court ;
scheme for the extension of this road into Mexico, and
possession of the
The other occa¬ for the consolidation of all the Pacific roads under one
October 18th and 30th. Loans were also management, was outlined in the daily papers ; a report
the same rate on Monday last, and on both was current.that the Chicago Burlington & Quincy would
for the third time since June 26th.
sions
were
effected at
days
an
tion
as
interest.
unsuccessful attempt was made to fix the quota¬
high as 1-32 of one per cent commission and
There has been
no
such
demand
as
Rochester & State Line
of the
would bankers
justify the exaction of a commission since April 28th,
when the quotation was l-32d of one per cent.
It would naturally be expected that with such a condi¬
tion of the loan market, stocks would be lower. And that
another
scrip- dividend ; the purchase
road by a syndicate of
supposed in some way favorably to influence
declare
soon
was
York Ontario <fc Western ; a rumor was put.
in- circulation that arrangements were perfected by
the New
which
the
the
Baltimore & Ohio would
Central New
use
the tracks of
Jersey in reaching this city; and Mr.
THE
520
Gowen
insisted that the deferred
Reading had not failed.
But besides
the
home
demand
fVOL. XXXT.
CHRONICLE.
bond scheme of the ing the period named banks have, as stated, been under
extreme pressure to secure currency for their customers.'
and reports such
fact, which must be taken in connection with the foregoing, and which gives it very
much greater significance. Before the close of the first six
months of 18S1 about 199 millions of the bonds now held
There is also another
foregoing connected with the condition and
changes of the roads themselves, there has been a
decidedly more confident feeling prevailing for the
as security for national bank notes fall due and will be
last few da}rs, growing out of the increased dis¬
paid. What must be the result of that ? Either the notes
position in Europe to invest in our best properties. must be
retired, or new bonds purchased to replace the
This has started the gold import movement again
bonds called in.
With our 4 per cents above 111, is it not
on
a
large scale, and that movement, so long as
necessary for us to expect, that the movement to contract
continued, will greatly help if not wholly serve to
which the monthly statements above given show is now in
thwart the designs of those who would manipulate the
will be further greatly accelerated when this new
money market.
It is estimated that there are at least progress,
force is applied ?
Were the times depressed and business
$6,000,000 gold afloat for this port from Europe, which
should arrive within the next five or six days. Some of slack, this would be of no immediate importance, except
to the banks affected.
But with trade expanding rapidly,
this consists of American coin, which can go directly
the country has a much greater interest in the question
into the banks, but the foreign coin and bullion must go
as
the
it can be made avail¬
five days. But it will all come
through the Assay Office before
able, requiring four or
existing emergency; and with our
foreign trade in its present healthy state, with this
growing foreign demand for our securities, and with our
money market needing currency, every condition seems
in time to meet the
present which would
gold movement.
to be
tend to a continuance of this
than the banks.
Under these circumstances
then,
we
do not
see
how it
possible for Congress to avoid meeting the issue,
certainly never was a better time for doing it
for finally settling the currency dispute.
Our people
will be
a
and there
and
and contented and therefore in the mood to
wisely, while'with more gold in the country than ever
before and the amount still increasing rapidly, we have
the means for making a safe and permanent system.
Quack remedies or any compromise of principle would not
even be popular now. In a word, there seems to be no reason
why the best men of each party should not unite to perfect
the currency reform which was begun on the first of Janu¬
ary, 1879, and has proved such a blessing to the country.
What then do we need in a currency ? Above all things
that it should be self-regulating as to the quantity in circu¬
are
prosperous
act
Altogether, the feeling now seems to be one of
hopefulness and great confidence; and yet the
money market is in just that position which must cause
timidity on the part of speculative buyers. If the
Government is to make no considerable bond pur¬
chases this year, its balance will evidently be1 an
increasing one.
This week, up to last night, the
Sub-Treasury statements showed that about a mil¬
dollars had been thus accumu¬ lation. The facts noted above, now transpiring, illustrate on
lion and a half
a broad scale the necessity of such a feature. That is to say,
lated since last Friday.
Then the outflow of cur¬
every man who will compare the bank returns, currency
rency to the South and West is still in progress. The
domestic exchanges are now at such a point as to draw changes, and the business of 1878 with 18S0 will be satisfied
that more currency is needed when business is active than
money from this centre to nearly all interior points. The
when it is depressed; and the converse is also equally
leading banks have been sending not only currency but
true, that less is needed when business is depressed than
gold to Chicago, St. Louis and other Western and
when it is active.
Hence, from 1S74 to 1878, with com¬
Southern cities during the week.
Under such cir¬
merce stagnant, the paper currency was so excessive, much
cumstances, although the actual investor can feel that
of it was stacked away in bank vaults, and of the remainder
the property he is buying is worth the money he is
about 25 millions of bank notes were voluntarily sent
paying for it, the speculator will act with caution and
to Washington and canceled, notwithstanding 33 millions
be pretty well fortified.
legal tenders were during the same period retired and
destroyed. On the other hand, to-day we have precisely
BANK CURRENCY NEEDED BUT DECREASING. the
opposite conditions—business extremely active and the
That some kind of a national paper currency is neces¬ banks put to their wit’s-end to get currency to pay their
decided
What it shall be, is a question checks with.
Let those who have not familiarized themselves with the
early attention of Congress whether
that body is willing or not willing.
National bank notes, currency problem study these facts, for they cover so very
notwithstanding the great urgency which exists for cur¬ obvious a proposition that it seems almost unnecessary to
rency, are on the decrease, since banks, with United repeat it, and yet their application to every-day events is
States bonds selling at present prices, find it more profit¬ constantly being resisted.
For instance, bring down these
able to retire notes than to continue their use.
The varying influences and movements to the compass of a
Comptroller’s report issued on the first of each month, year, applying them to the changes of a year, and there
sary, we may assume.
which must receive the
states
that the amounts
outstanding, including national
gold bank notes, were as follows at the dates mentioned.
readiness among many to admit the
need of the element of contraction and expansion, because
will not be the
same
And yet the
principle is the same. We all know that each year has
Amount.
Bate.
relatively its active months and its dull months. When
Nov. 1, 1880
$3 42,578,162
Oot. 1, 1880
342,579,833
crops are moving, exchanges are very frequent and cur¬
342,728,018
Sept. 1, 1880
342,S16,772
rency passes from hand to hand rapidly; when those
Aug. 1, 1880
343,157,937
July 1, 1880
movements have ceased, far less currency can do the
June 1,1880
343,836,243
344,930,650
May 1, 1880
decreased work which is in progress.
There is then a'
This exhibit shows that since the first of May there has precisely similar relationship between the business of
been a steady decrease in the bank-note circulation, until Summer and that of Fall and Winter, as there is between
now the decrease reaches about
millions, although dur¬ the business of 1878 and that of 1880. The two simply
TOTAL NATIONAL BANK NOTES OUTSTANDING.
.
its need has not been
so
generally observed.
November 20,
THE CHRONICLE.
1880.]
521
t
always in progress— where, if clean and abundant, they are liable to destruc¬
tion by fire and water.
one requiring a cycle of years for its development, the
But a law of Congress, which many good but ignorant
other only a twelve-month.
These facts being admitted, it seems to follow clearly men, and many political quacks, approved when it was
enough that we want a currency system which will be in enacted, but which few citizens would now defend, makes
itself automatic, acting solely and automatically under the the coinage of not less than two millions nor more than
influence of the laws of trade, that is, accommodating itself four millions of these dollars per month compulsory upon
the Secretary of the Treasury, and makes them legal tender
by expanding or contracting so as to meet these changing
business necessities of the months and of the years. Does for all debts, public and private, though each of them is
not this principle rule out, first of all, legal tenders or Gov¬ worth beyond the jurisdiction of our legal-tender laws only
ernment issues of all kinds ?
They have pre-eaainently the seven-eighths as much as one of our gold dollars. Since
the passage of that law about eighty millions of them have
quality of inelasticity. Every debt statement says the
amount of legal tenders outstanding is 346 millions ; and been coined, and, if the coinage continues, the sum will
exceed one hundred millions before the December session
so it would be with the total whatever the issue; it cannot
change from day to day. The only change we can incor¬ of the next Congress begins. About three-fourths of the
total yet coined remain in the Treasury vaults, belonging
porate into a system of that kind is such as can take place
through the action or non-action of a Government officer. to the Treasury or to banks and others to whom the
To indicate how that operates we have an illustration to¬ Treasury has issued certificates for them.
Only a little
day, when Mr. Sherman says he will buy no more bonds over twenty millions have -.remained out of the Treasury
this year except of a given issue.
What is the result ? vaults, including all the actual dollars held by banks.
Immediately our money market bounds upward.
If Probably not more than ten millions have gone into active
to-morrow Mr. Sherman should change his mind and make circulation among the people in the two and one-half years
since the Silver bill became law.
a considerable purchase, down would go our money market
To any economist, or any patriot, the existing and
again. A currency under such control is of course no
business reliance whatever.
It is constantly a disturbing larger prospective locking up of so much of the public
element.
Its movements, instead of being regulated by money, where it lies dead and useless, with a loss of some
the requirements of trade, depend, like the movements millions of yearly interest, is not a pleasant subject of
of Punch and Judy, on the wiggling of the thumb of thought; and to the question, “ What is the good of it?”
no man can answer with a reason in the least degree justi¬
the man behind the scenes.
Any one following up these suggestions must quickly fying it. It has been said that the silver is like the gold—
conclude that no currency can in volume be self-regulat¬ a part of the Treasury reserve against its liabilities.
That
ing except one issued in obedience to the demands of is a fallacy. To induce people to accept the silver dollars
trade—one which moves not through the will of any at all they were made exchangeable at the Treasury for
individual, but by reason of the propelling force of greenbacks—i. e.9 redeemable in greenbacks. Now green¬
the moving merchandise back of it, and is therefore backs are always redeemable in coin—in gold so long as
coupled with easy and prompt redemption at the centres that lasts—so that in a roundabout way the silver dollars
of trade. In other words, bank issues are the only form are redeemed with gold dollars at the Treasury.
Prac¬
of currency which can be made to meet the require¬ tically, however, the gold in the Treasury, so long as it
ments.
Reason about it, or experiment with regard to lasts, is the only reserve there.
Fortunately, since this
silver
it as you will, there can be found no escape from this
experiment began, foreign exchanges have been in
favor
of our country and gold flowing towards us.
We
conclusion.
illustrate the tidal trade movements
cr
better bank-note system have yet had no experience of adverse exchanges and
Most fortunate will it be if no
than the one we now have ; that is very possible ; but until outward flow of gold.
that is done the present one must be made to con¬ such experience comes before the glut of silver shall
form to facts as they stand to-day.
Bank currency become too heavy to be borne.
Trained business men of all classes opposed the silver
is decreasing when business activities are increasing
Now that gen¬
because banks cannot afford to buy 4 per cents at the rul¬ coinage bill, and deplored its enactment.
eral business activity and prosperity and comfort have
ing price and pay the tax on currency; and probably, as
become universal, under the beneficent power'of a currency
we have seen, it will decrease faster the coming year unless
this difficulty is in some way met and obviated.
Ought of gold value, it is believed there are but few citizens in
any walk of life who would not gladly see an end to silver
we not then to make the law so that it will be reasonably
profitable for a bank to obtain and issue notes ?—at the dollar coinage. The few who remain unconvinced by the
same time be
sure and add to it a plan of redemption present experience of the effects of a good currency, need
which wilLbe prompt and effective, taking the place of the the hard teaching of adversity that wTould quickly follow a
miserable make-shift, which now exists for redemption, period of depreciated currency such as a currency of silver
through a Washington Bureau. Tn this way can be value would be.
To meet the evil a great variety of remedial or palliative
produced a perfect automatic currency machine, as obedient
to the laws of trade as the circulation of the blood is to measures have been proposed, most conspicuously that one
of increasing the weight of the silver dollar to make it
the beat of the heart.
more acceptable—of all the most futile and impracticable.
TEE SILVER DOLLAR.
To make the silver dollar, now of 412^ grains, worth as
Closely allied to the currency question discussed above, much, by increase of weight, as the gold dollar, its weight
and needing just as prompt settlement, is the silver-dollar must be increased by one-seventh or more, making a dollar
problem. This coin is useful and valuable in a limited of over 470 grains! To make a dollar of 425 grains
way.
When its acceptance for debt is voluntary, and not would be to add only 3 per cent to present value, a change
compulsory (as subsidiary coin like the fractional silver that would not induce the acceptance of a single dollar
pieces), people will cease to fear it, and will find large and more, while it would reduce the public profit from coining
increasing uses for it, especially in parts of the country by the three per cent. Nor would any change to greater
where small notes are worn, filthy, and scarce at that, and weight have any effect on the home uses of silver, nor
Perhaps
some one can
devise
a
'
71
THE CHRONICLE.
522
export of one dollar until its export, or bullion,
value should be raised to or above that of the gold dollar.
induce the
[Vol. XXXL
The report
is merely the President’s
synopsis of the year’s business, and is unaccompanied by
holders.
before
us
either balance-sheet or income account. But the road is
only one remedy—the heroic one. Repeal the
such an important one, and so little additional informa¬
silver dollar coinage law.
The dollars now out would
tion is usually given in the complete report, that we have
retain their legal tender character safely when the danger
of an excessive sum of them had come to an end ; in time prepared this review without waiting for fuller returns.
The Baltimore & Ohio operates directly somewhat
the people would take them into employment, and they
less than 1,500 miles of road. It may be said to derive
would do good service.
the larger part of its traffic from the country in the
Events have brought about a condition of monetary
There is
have from time to time
distinctly foreshadowed, having an important bearing on
the policy of our silver legislation, and in turn to be
greatly affected by that legislation. During three years,
short harvests in Europe have coincided with abundant
harvests in America.
This fact, concurring with others of
great moment, just when we were preparing for resumption
of specie payments in 1878 and the succeeding years, has
kept our gold production at home, and, besides taking
home our public debt once held abroad, has drawn gold
from Europe to an extent 'which is exciting grave fears in
England, France, and Germany; it is becoming question¬
able whether European currencies and business can be
sustained on the basis of the gold standard alone, or if the
great national banks can retain sufficient reserves without
in
affairs
Europe, wThich
we
curtailment of
the bi-metallic or silver standard again.
ruinous advances in the rate of interest and
business,
or
resort to
opinion has been expressed by high European
authority that if the United States would adopt a bi-metal¬
lic Standard and free coinage of both metals, Europe could
surely and safely retain the gold standard because the
United States would lose all her gold and keep only silver
coin. Thanks to the Senate amendments of the Bland bill,
we escaped that catastrophe.
But now the converse of the
above opinion seems to be true, that if the United States
An
gold standard and, retaining her gold produc¬
tion, also draw gold from Europe, then Europe (or at least
all but England, as before) must again become bi-metallic
and restore the old ratio of value, 15 J weights of silver to
1 of gold.
This done, silver bullion would again be worth
OOd. gold per ounce, and the silver products of our mines
would be worth 12£ per cent more than they are now, and
probably 25 per cent more than they would have been if
hold to the
the United States alone
a
were
bi-metallic and Europe were on
gold standard, as was inevitable under the recommenda¬
tions of Senator Jones’Silver Commission of 1877-8 had
they been adopted by Congress.
At this critical moment, the right action by this Con¬
decide the action of the great Powers of
Europe on the question of mono-metallism with its con¬
traction, distress and poverty, or bi-metallism with renewed
prosperity all over the world to the great benefit of our
country in the larger and better markets for our produc¬
gress
may
Valley of the Ohio (to the productions of which it offers
a short outlet to the sea), and
from the rich manufac¬
turing districts of Ohio and Western Pennsylvania. It
also makes connection with Lake Erie at Sandusky, over
the Sandusky Mansfield & Newark (Lake Erie division),
while the Baltimore & Ohio & Chicago extends the
sys'.em to Chicago. To bring out the chief characteris¬
tics of the system—at least as respects the principal
points within it—we have prepared the following table
of mileage.
Milts.
(1) Baltimore to Chicago, via Relay, Washifigton Junction, Har¬
per’s Ferry, Cumberland, Grafton, Bellaire,„ Newark and Chi¬
cago Junction
(2) Baltimore to Pittsburg, via Relay, Washington Junction and
Cumberland, 327 miles, of which 178 miles, Baltimore to Cum¬
berland, are counted in (1)
(3) Baltimore to Sandusky, via Cumberland, Grafton, Bellaire,
Newark and Chicago Junction, 595 miles, of which 567 miles,
Baltimore to Chicago Junction, included in (1)
(4) Baltimore to Parkersburg, 386 miles—280 miles, Baltimore to
Grafton, embraced in (1)
(5) Baltimore to Columbus, 512 miles—479 miles, Baltimore to
Newark, O., included in (1)
(6) Baltimore to Washington, 40 miles—9 miles, Baltimore to
Relay Station, counted in (1)
%
(7) Branches, &c.—Washington, D. C., to Washington Junction,
Md., 43 miles; Alexandria Junction, Md., to Shepherd, Md.,
12^ miles; Frederick Junction, Md., to Frederick, Md., 3^
miles; Benwood, W. Va., to Washington, Pa., 38 miles; Har¬
per’s Ferry, W. Va., to Harrisonburg, Va., 100 miles; Connells-
The Baltimore & Ohio is the first of the great
lines to make its annual report.
Like the New
trunk
YArk
-Central and the Erie, its fiscal year ends with Septem¬
ber. The figures will attract the more attention since
the Baltimore road is the only one among the trunk
lines that does not give out from time to time informa¬
tion of
some
kind
as to
the
course
of its business.
The
28
106
33
31
281
Rockwood, Pa., 9 miles.
to
Total of all lines directly operated
The
are operated
with the Baltimore & Ohio system.
following roads
1,466
in close connection
Miles.
Marietta & Cincinnati and branches (affording a lino to Cincin¬
312
nati)
Mississippi and branches (affording lines to St. Louis,
Louisville, Springfield and Shawneetown)
Washington City Virginia Midland & Great Southern (Alexandria,
Va., to Danville, N. C.) and branches
Washington County Railroad, Weverton, Md., to Hagerstown, Md.,
24 miles; Valley Railroad, Harrisonburg, Va., to Staunton, Va.,
Ohio &
25 miles
615
318
49
Total
1,294
Grand total of all lines
2,760
The
leading features of the company’s report
much the
same
as
those shown
in
all
recent
are
rail¬
road
returns—namely large gains in both gross and
earnings, and an increased surplus after paying
annual charges and the usual dividends—only perhaps
in this case more pronounced.
The increase in gross
earnings on all the lines is $4,123,760, not much below
the increase ($4,779,330) on the Central in the same time,
but on the latter the per cent of increase is only 16, while
net
the Baltimore &
increase
THE BAL TIM ORE & OHIO REP OR T ANAL YZED.
149
ville,.Pa., to Uniontown, Pa., 13 miles; Broad Ford, Pa., to
Mount Pleasant, Pa., 9*2 miles; Newark, O., to Shawnee, O.,
431e miles; Berlin, Pa., to Garrett, Pa., 9 miles; Somerset, Pa.,
on
tions.
838
on
Ohio it is more than 29. The
the Erie for eleven months of this period—
September has not yet been made public—was
$2,457,164, or 17 per cent. The Pennsylvania for the
nine months ended September 30, reported augmented
receipts of $5,738,403, equivalent to 23 per cent. If
the twelve months ended September 30 had been taken,
this percentage would be somewhat smaller.
The
Grand Trunk—also for the nine months—reported a
gain oU£267,095, or 20 per cent.
Analyzing the revenue of the Baltimore road more
closely, we find that the largest increase ($2,365,053)
Erie, the Pennsylvania, the Grand Trunk, and the Great
Western, all furnish monthly exhibits of earnings and was on the main line. Next to that in amount was $640,expenses—not, however, with equal promptness—while 368, made on the Pittsburg & Connellsville, showing
the Central reports its earnings, but the Baltimore & the growing importance of Pittsburg as a manufacturing
Ohio has never yet consented to go beyond making a centre, and the renewed activity which the revival of
return once a year at the annual meeting of its stock¬ business has given to the industries all along that line.
November 20,
THE CHRONICLE.
1880.]
Chicago Division contributes $395,142 increase, to
be ascribed, no doubt, to a great extent, to the fact that
through freight rates—there is very little local traffic on
this division—which in the previous year were at times
highly unprofitable, have throughout this year been on
a paying basis.
When we consider how the producing
capacity of the country tributary to and west of Chicago
has been augmented of late years, and what a source of
gain this has been to all the roads centring in that city, it
certainly seems surprising that the increase on this
division has been no larger than the amount reported.
The only conclusion possible is that the road has failed
to get any considerable share of the additional business.
In point of fact, an examination of the statistics shows
that the total grain carried to Baltimore was 3J million
bushels less this fiscal year than in the previous year.
This will be seen in the following table,, showing the
leading items of freight carried during the last four years.
Parkersburg
The
,
Through
1877-78.
1878-79.
1879-80.
1,047,645
1,149,499
1,425,629
1,980,397
Gross earnings....
Expenses
Net
.
Total
3,063,135
2,871,771
But while this table tells
3,390,975
$634,915
$860,160
439,336
488,331
$115,560
$186,023
$195,579
$371,829
1876-77.
(Bellair to Columbus).
1877-78.
4
1878-79.
1879-80.
Gross earnings....
Expenses
$761,525
$829,253
563,805
$846,512
$1,003,566
612,237
573,812
692,112
Net earnings..
Rental (35 per ct.
of gross earn’gs)
$149,288
$265,448
$272,700
$311,454
266,533
290,238
296,279
351,248
$24,790(
$23,579
$39,794
'
Deficit
$117,245
lake erie
.
division—(Newark to Sandusky).
1876-77.
1877-78.
1878-79.
1879-80.
Gross earnings....
Expenses
$698,065
448,509
$657,632
423,405
$639,821
450,707
$847,222
Net
Rental
$249,556
174,350
$234,227
$189,114
174,350
174,350
$208,854
189,350
$75,206
$59,877
$14,764
$19,504
earnings..
Surplus
Includes
*638,368
$40,000 paid in settlement of accounts.
division—(Chicago Junction, Ohio, to Chicago, Ill.)
Chicago
us
that
total has risen from 1,596,004 tons
tons in 1879-80, on the Pittsburg
(Baltimore to Wheeling) and branches.
1876-77.
WP? • '
Gross earnings....
$8,262,045
Expenses
earnings..
1877-78.
$8,563,957
4,605,152
4,524,345
$3,656,393
$4,039,612
Washington branch—
1876-77.
Gross earnings....
Expenses (partial)
earnings..
$307,109
*5
Net
Taxes
1877-78.
1878-79.
1879-80.
$S,864,827 $11,229,880
4,523,532
6,056,899
$4,341,245
$5,172,981
(Relay to Washington).
1877-78.
$276,8791
93,430
76,850j
$213,679
$200,0291
1878-79.
earnings
.
1S79-80.
$235,007
$314,406
61,333
67,909
$223,674
$246,497
$1,153,852
628,011
659,321
$1,548,994
982,320
$123,280
$429,548
52,190
$494,531
£3,421
$566,674
53,754
$377,358
$441,110
$512,920
397,896
393,149
391,031
20,538
47,961
121,889
Def.
This item is
1879-80.
$1,057,559
Surplus
*
1878-79.
$957,696
834,416
Remainder
Int. on £1,600,000
loan*
charged to the interest account of the main stem.
wheeling Pittsburg &
Baltimore—(Wheeling to Washington, Pa.)
1879-80.
1878-79.
1877-78.
1876-77.
Gross earuiugs....
Expenses.
$42,934
$40,984
$41,193
42,846
36,164
33,594
$50,380
41,786
earnings..
$S8
$4,820
$7,599
$8,594
Net
Newark somerset &
in 1878-9 to 2,255,146
& Connellsville from
1,599,695 to 1,821,256 tons, and on all divisions the total
is almost one million tons above the'previous year. This
improvement is directly attributable to the new life
that has been infused into all manufacturing industries,
and accounts for the much larger gain, both relatively
and absolutely, on the Pittsburg
Connellsville than on
the Baltimore & Ohio & Chicago. The Lake Erie divi¬
sion, the»Central Ohio division, and the Parkersburg
branch, also exhibit handsome gains, due in a measure,
presumably, to the same circumstance, combined with
the better freight rates obtained.
As regards passenger earnings, the President gives
only the figures for the main stem. It appears that they
were $1,379,990 in 1879-80, against $1,171,033 last year.
This is the first upward movement since 1875-6. The
total, however, is much smaller than in that year, when
it was $1,674,476. In partial explanation it may be said
that in 1875-6 receipts were swollen by the Centen¬
nial traffic ; also that local tariff rates are now lower in
many instances than then.
To show at a glance the
fiscal results of business during the last four years on
each of the several divisions operated by the company,
we have taken the trouble to compile the
following
interesting and useful tabulation.
main stem
Expenses
4.388,856
grain traffic has
fallen off, it also tells us that there has been a remark¬
able improvement in coal traffic.
On the main stem the
1879-80.
$659,699
473,676
central oiiio DIVISION—
Gross earnings....
Total gram of all kinds,
bush
16,379,861 20,639,654 29,622,895 25,962,696
132.462
Live stock, tons
111,920
121,431
165,454
41,270
Lumber, tons
53,720
40,724
54,530
Coal & coke carried, tons.
On main stem
1,440,265 1,483,076 1,596,004 2,255,146
Of which for company’s
use
423,256
353,689
382,792
370,839
On Pittsburg Division..
1,138,103 1,363,061 1,599,695 1,821,256
On Trans-Ohio Divs....
216,998
293,403
195,276
312,454
Net
earnings..
1878-79.
$625,679
510,119
1876-77.
598,992
641,702
778,211
743,381
2,500,600 9,365,233 18,467,498 16,409,300
13,290,714 10,164,285 10,065,530 8,510,456
Flour, bbls
Wheat, bush
Corn, bush...
Net
1877-78.
merchandise,
main line,
east
and
west, tons
Carried to Baltimore:
*
branch—(Grafton to Parkersburg).
1876-77.
*
1876-77.
523
straitsville—(Newark, O., to Shawnee, O.)
Gross earnings
Expenses
—
Net earnings..
1878-79.
1877-78.
1876-77.
$164,200
$135,295
113,573
84,546
$129,739
84,078
$50,627
$50,749
$45,661
pittsburg A connellsville
1879-80.
-
$224,649
136,390
$88,259
(Pittsburgh Pa., to Cumberland, Md.) and
branches.
1876-77.
Gross
earnings.
-..
Expenses
Net earnings..
Interest
1879-80.
$1,389,607
$1,514,022
965,773
958,502
$1,598,114
865,832
$2,238,482
1,226,655
$423,834
$585,520
$732,282
$1,011,827
659,262
678,858
678,858
$73,742
$53,424
$332,969
Def.
$
Surplus
1878-79.
.1877-78.
TOTAL OF ALL LINES OPERATED.
1876-77.
Gross earnings
Expenses
Net
...
earnings..
1878-79.
1877-78.
1879-80.
$13,208,860 $13,765,280 $14,193,980 $18,317,740
8,226,055
7,769,301
7,691,595
10,330,770
$4,982,805
$5,995,979
$6,502,385
$7,986,970
From this it will be observed that
though the gain in
earning is, as stated above, $4,123,760, the gain in
earnings is but $1,484,585, the expenses having in¬
creased $2,639,175.
The percentage of expenses was
56*39, against 54*18 last year. The heavier expenses are
easily accounted for. Not only has the increased cost of
the steel rails over the iron rails replaced, been added, as
heretofore, to the expense account, but $211,734 ex¬
pended for new engines and $716,881 expended for new
cars, have also been included in the same item.
gross
net
It will also be seen, as before
remarked, that decidedly
profitable division this year (outside the main
stem, of course), is the Pittsburg & Connellsville, which
only two years ago failed to earn enough to pay all its
charges. The surplus, after paying interest, is $332,969.
The Chicago division has also now for two years left a
surplus after paying all expenses and allowing for inter¬
the most
est
on
the cost of construction.
If this division has
THE
52 i
with
to come
fully
line, it has yet a
now
to
up to
justification for its existence in being
stand alone and take care
of itself.
Being without the income account, it is difficult to say
just what the company earned on its stock. The Presi¬
dent in his report slates that the surplus fund, which we
invested capital derived from net
earnings,” now amounts to $40,501,642, having increased
$2,350,934 during the year. The previous fiscal year
the increase was Si,092,738, the year before that $972,<507, and in 1ST0—7 $110,940. We have no means of
knowing how much of the $2,350,984 is nominal surplus
only, and therefore not available. It is not likely that the
full report will throw any light on the point.
It has
never done so in the past.
The matter has always been
to a great extent shrouded in mystery.
But,if we sup¬
pose that the surplus is all available, as of course it is
not, the stock, which is small, (less than $15,000,000—
the preferred, $5,000,000, does not share in an y addi¬
tional profit), would be entitled to a dividend of 10 per
•cent in addition to the 8 per cent already paid.
In
taking their latest step, therefore, and raising the rate of
the semi-annual dividend to 5 per cent—the rate paid
prior to November, 1877—the directors have not de¬
parted from the conservative policy which has always
distinguished their management.
are
fVou XXXI.
As usual, the defaulter in each of these cases was an emi¬
the expectations entertained
regard to the business it would bring to the main nently respectable citizen, and trusted implicitly as being
failed
able
CHRONICLE.
told “ represents
the embodiment of
This is always so—
almost unlimited confi¬
dence can get opportunity to betray it; thus we arrive
at the old moral, stated scores of times in these columns,
that while distrust is not a necessary condition of finan¬
cial safety, watchfulness is.
A thoroughly honest man,
whose honesty is grounded on moral principle, and
whose ideas of official accountability are sound, wdll
desire to have examination of his work made real and
nothing taken for granted; a man not of this stamp cer¬
tainly needs to be watched. The theory of real exami¬
nation—of the kind of directorship work which really
does direct—is, that thorough watching and personal
accountability can neither harm nor displease honest men,
for
only the
men
who
possess
precaution against dishonest
ones.
Moreover, the prayer against being led, into
temptation is founded upon the most profound knowledge
of human nature ; power in man to resist temptation is
too much 1 ke the power of the best safe against bur¬
glars—comparative not absolute ; for how frequently are
we startled by finding it to be only a question of time
and
opportunity.
Not one can wisely and rea¬
sonably say that it is morally impossible for him to give
way under any conceivable c'rcumstances ; but oppor¬
tunity is only another word for temptation, and exces¬
sive trustfulness is only another word for opportunity*
while
they
are necessary as a
neither in accordance with financial
Hence it is
RECENT BANK FAILURES.
trustworthiness.
with clear
nor
wisdom
justice to punish men who yie’d,
and
recently to have been yet to lead them into temptation by notifying them that
'
very unfortunate in their financial history, and perhaps they are to be taken implicitly on trust.
Old as this moral is it has to be pointed anew as often
Bergen County has, of all of them, been oftenest
afflicted.
It is not very long since the treasurer of as a new breach of trust occurs through neglecting it,
that county, when making a new issue of bonds, induced to the end that effect may be traced to its cause and a
Be¬
his co-signers to put their names to a larger number closer observance of the duty of care be induced.
than required, because, as he said, he might blot and yond this w7e have to note the fact that the county bank
thus injure and destroy some, when he came to add his was a State institution, and that hence the creditors have
Innocent souls as they were, those Jersey no recourse to stockholders ; also that the periodical ex¬
name.
farmers did as they were bid, but the treasurer, as we all amination by experts, not interestedJn the management,
know, was very careful not to deface any, but quickly was wanting. True, the examiners under the national
converted all the extra ones to his own use. The next system are sometimes deceived, as in case of the Newark
disaster was to the two Hackensack banks over which institution, whose cashier has been convicted of having
the present Congressman of that district .presided. Very deceived the examiner by falsifying the accounts ; still
unexpectedly it was found one morning that about all the examination is a most valuable safeguard, as has been
the assets left were the brick and mortar, which could abundantly proved.
Another point is that misdoings like these are
not well be hypothecated.
The neighborhood has by no
more easy in
country banks, where but a very small
means recovered from the smart these blows left, and
Parts of New
Jersey
appear
announced the utter collapse of two more
banks in the same village which were above suspicion
up to the day of their being thus suddenly snuffed
yet now is
out.
We
use
these
terms
in reference to the last two
Hackensack failures, as it is said they present as complete
a ruin as was that of the First National Bank of New¬
ark,
a
short time previously announced. The stockholders
of the Newark bank
were
assessed to the full amount of
number
of
persons
are
employed.
Obviously, the
there must be
number among whom
collusion in order to reduce the chances of
and the smaller the assets to be carried off,
the
smaller
to
bank.
Another fact which
wreck
portance
and
discovery,
the easier
a
seems
to us
of great practical im¬
is that the two banks—one a commercial bank
savings bank—were under one management
one a
and in
one
building; the
same man
had control of both.^
furnished for altering accounts and bor¬
their stock, that is, of their personal liability; the affairs
of the Hackensack banks are still in the first stages of rowing securities from one institution to figure in examininvestigation, but it seems to be admitted that the ations of the other may be easily understood. There have
depositors will not realize more than a trifle, and been several instances before of the ruin of banks thus
there is no personal liability attaching to New Jer¬ connected and involved, and the policy of allowing such
sey State banking institutions.
What makes the case combination is a bad one, exposed to unusual hazards.
The facilities thus
more
remarkable and
aggravating is the statement im¬
puted to the bank directors, that the securities were
intact when examined, no longer ago than July last.
It
is too early, however, to know what are the actual cir¬
cumstances beyond the fact that the assets are gone and
two banks
are
ruined.
is, besides, no similarity in the nature and manage¬
institutions. Just the difference exists
between them which is indicated by the slow shilling
and the nimble sixpence. Their connection a’so invites
fraud, as in this case, and is sufficient in itself to account
There
ment
of. the two
for the disastrous result.
THE
November 20,1S80.]
f^Lraetarijs ©ff raramlaX IgugXisIx flcxus
KATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—Nov.
Time.
On —
Amsterdam
Amsterdam.
.
Antwerp
Hamburg
....
...
Berlin
Copenhagen.
St.Pelersb’rg
Paris
Paris
Vienna
Madrid
Cadiz
Genoa
Lisbon
Alexandria..
New York...
Bombay
Calcutta
....
....
6.
Pate.
EXCHANGE O.V LONDON.
Latest
Date.
6
Nov.
3 mos. 11-4
©11-413
Short. 11-2
©11-2*4
3 mos. 25*521$© 25-5712 Nov.
<»
Nov.
20-58 ©20-62
U
Nov.
20-58 ©20-62
U
18-10 ©18-15
Short.
23i>8©23i$
3 mos. 25*45 © 25*371$ Nov.
H
25*50 ©25*55
u
11*921$© 12-971$ Nov.
u
(
6
6
u
6
Short.
25-35
20-39
2039
a
a
25-39
Short.
6 3
mos.
117-20
C 3
mos.
27-20
Is. 8iad.
Is. 8 iad.
•
6 Short.
....
.....
....
....
...
4 Sl59
Is. Tl^igd.
Is.
7h>igd.
3s. 9d.
Hong Kong..
Shanghai. V..
12-10
527e©52*4
Nov.
m
Short.
following are the current rates of discount at the prin
cipal foreign centres:
The
Bank
rate.
Pr. ct.
Paris
Amsterdam..
Brussels
Genoa
Berlin
Frankfort
3i$
3
....
..
..
Tenders
for
2\
25a
3i$
3
....
4
....
4
....
were
4
41$
....
....
....
5s. 153d.
#
.London, Saturday, November G,*££S0.
Money continues in good supply, and there is very little
The rates of discount are cpnsequently easy, being for three-months’ bills not more than
Vi per cent. Government have borrowed this week at the
rate of £1 12s. per cent per annum on six months’ bills, and the
demand for it in any quarter.
are
...
Barcelona
Lisbon & Oporto.
Copenhagen
37s©4
31$
Open
rate.
Pr. ct.
6
4
market.
Pr. ct.
5
5
4
5
51$
31$ © 4
New York
Calcutta
.
.
.
.
514
3i$
5©5i$
4
received at the Bank of England on Thursday
£1,476,000 in Treasury bills, the whole of which was allotted
Tenders at £99 12s. per cent will receivein full. The Govern¬
cent for money.
There has been a moderate inquiry for bar silver.during the
week, and the price of fine bars is now 51 13-16d. per ounce.
Mexican dollars are worth 50%d. per ounce. The supplies,
both of silver and dollars, is very; limited. [India Council
bills were sold on Wednesday at Is. 7 13-10d. the rupee, being a
reduction of rather more than )4 per cent compared with the
previous week. The following prices of bullion are from
Messrs. Pixley & Abell’s circular:
about 21 per .cent, and above that price
ment is paying, therefore, nearly 1% per
GOLD.
J From our own correspondent. I
Bank return shows that there
St. Petersburg
Geneva
Bank
Madrid, Cadiz A
37as>-i
Hamburg
Vienna
Open
market.
Pr. ct.
3 q ©> 3 *3
in three months’ paper.
27*571$@ 27" 62 J2 Nov.
a
»
Pate.
471$ ©4714
47i$©47i4
a
m
Time.
525
CHRONICLE.
no
indications of dearer
We are now so near the close of the year that it seems
scarcely possible that general trade and financial enterprise will
revive to an extent calculated to influence the money market,
and consequently easy rates of discount are looked forward to
during the next two months, unless a drain of gold should set
in to the United States. Dearer money in Paris and Berlin has
very little permanent influence, for, although about £400,000 in
sovereigns have been transmitted to Paris this.week, the opera¬
money.
tion has been in connection with Bourse transactions, and the
money is expected to be returned in the course of a few days.
The changes in the Bank return are rather considerable, but
gold, fine
peroz. standard.
gold, containing 20 dwts. silver, per oz. standard.
per oz.
Spanish doubloons
Bar
Bar
South American doubloons
per oz.
United States gold
German gold coin
peroz.
per oz.
coin
d.
s.
a)
'7 9
7 10i$©
a)
'4 3
73 9 ©
7’6 3 *$©
7’6 314o>
cl.
SILVER.
Bar silver, fine.
Bar silver,contaiu’g
Cake silver...
Mexican dollars
Chilian dollars
5 grs.gold
S.
per oz.
standard.
per oz.
standard.
.
.
per oz.
per oz., last price.
per oz.
(I
51131G®
52310 Tv
56
Tv
50*4
TV
....
TV
Quicksilver, £6 15s. Od.
Discount, 3 per cent.
Consols have been dealt in this week at 100Y$ for money
$nd'
100)4 for account; this includes four months’ accrued dividend ;
money is still very cheap, with scarcely any prospect of
becoming dearer, the improvement will, no doubt, be main¬
tained. In May, 1853, the quotation was 100)2, and in 1852 the
price was'above 102. From 1852, however, until last Wednes¬
day, the quotation has been under par, though it has, on
several occasions during the last few years, shown a tendency to
advance to that point. There are three reasons for tlie improve¬
ment which has recently taken place : first, the abundance of
but
as
its
they do not point to dearer money. On the contrary, there is a money; second, the timidity of the public, which prevents them
falling off of £782,170 in other securities, indicating either that from making liberal investments, except in the soundest
loans have been repaid to the Bank or that the demand for securities, and thirdly, the new Post Office investment schemes,
discount accommodation has fallen off. The Bank has been which enables a small investor in any part of the country where
repaid a further sum of £500,000, and there is a diminution of there is a Post Office savings bank (and one is never far dis¬
£956,700 in the supply of bullion, of which about £650,000 has tant) to purchase as small an amount as £10 in consolidated
been required for provincial purposes. The total reserve has Government stock. It is said, and maintained by many, that
been diminished by £1,562,405; but as there has been a large the abundance of money is to some extent ideal, and that a
falling off in the liabilities of the establishment, the proportion great improvement in trade would speedily show that our sur¬
of reserve to liabilities is still about 50 per cent. The following plus capital was not very extensive. This, however, has been
the argument in favor of dearer monejr for some months past;
are the present quotations for money:
but although capitalists felt sure of dearer money this autumn
Per cent. Open-market rates—
Per cent.
Bank rate
4 months’ bank bills
2*2
li$©l_%$
they have been greviously disappointed, and there ai# no indi¬
6 months’ bank bills
Open-market rates—
15s© 1 ‘-h
30 and 60 days’ bills
cations of higher quotations, notwithstanding that in Paris and
4 & G months’ trade bills. 2
a>3
l*a©li$
3 months’bills
l*s©li$
Berlin the rates of discount are decidedly in advance of our
The rates of interest allowed by the joint-stock banks and
own.
The accumulation of wealth in this country has for some
discount houses for deposits are as under. Being only about time
past been very considerable. Until very lately trade
equivalent to the open market rates of discount, the banks are has certainly not
been brisk or remunerative ; but
obviously unwilling to accept fresh deposits at current rates, and a somewhat rigid system of economy has been enforced
a reduction in the allowance of interest is therefore
probable:
npon the community by the hard times, and as most
descriptions of food have been cheap the expenditure of
Joint-stock banks
Discount houses at call
". .1 14 © 1 i$ the country, both for necessaries and-for luxuries, has dimin¬
Do
with 7 or 14 days’ notice
li$ to i
ished. During the last twelve months the trade of the country
Annexed is a statement showing the present position of the has been upon a largely increased scale, and it has been
Bank, the Bank rate of discount, the price of Consols, the aver¬ attended with fair average profits. The savings of the country
age quotation for English wheat, the price of middling up¬ have been increasing and at the same time very few schemes
land cotton, of No. 40 mule yarn, fair second quality, and. have commended themselves to public notice. Colonial loans
the Bankers’ Clearing House return, compared writh the three have been rapidly subscribed ; but the numerous companies—
previous years:
which have been chiefly in connection with gold mining—have
1SS0.
1379.
1873.
1877.
mostly found it difficult to obtain the share capital they
Circulation, exclud£
&
£
£
in«r Bank post bills. 27,232,005 28,525,740 29,910,325 27,633,130
require. Our increased export trade has also enabled manufac¬
Public deposits..
4,494,827
4.170,707
3,389,779
3,721.946
Other deposi:s
25,32u,845 31,631,969 26,829,269 20,596.694 turers to dispose of their supplies of goods, which had accumu¬
Go vernm’t securities. 15,365,070 18.570,528 15,487,672 14,498,004
lated during the recent trade depression, and upon which
Other securities..
17,275,196 18,587,871 22,129.592 18,256,946
Res’ve of notes & coin 15,108,.634 16,662,856 10.636,204
9,640,427 advances had, in many cases, been made by bankers.
The dis¬
Ooin and bullion in
both departments.. 27,340,699 30,188,596 25,553,029 22,278,557
posal of those goods and the repayment of advances have
Bauk rate
2 p.c.
3 p. c.
6 p. e.
5 p. c.
Consols
98
95*9
96*8 placed the mercantile community in a better position, and as
Eng. wheat, av. price
41s. 8d.
39s.
50s. 4d.
53s. 8d." business appears to have been conducted with judgment for
Mid. Upland cotton..
G^yd.
5^
6i*ir,d.
6*ad.
No. 40 mule yarn
101±
•
lod.
9JpL
led. some time past, merchants do not find themselves under any
Clearing-House ret’n.Ill,440,OOO 121,185,000 79,G95,000 94,893,000
pressing necessity to obtain assistance from their bankers
Proportion of assets
to liabilities
50 14
46-03
31*84
33 95 When trade has been conducted on a larger scale, and when
•
....
....
[Vol. XXXI.
THE CHRONLCLE.
626
speenlation in it, the aspect of the money
market may change ; but we have not yet reached that era in
our commercial history.
The absence of new investments in
which the public can place implicit confidence naturally creates
an additional demand for those securities respecting which
there can be no apprehension. Hence, all sound securities are
at a high point, and to investors at present prices yield but a
small rate of interest. The new Post Office scheme, however
which enables the small farmer, or mechanic, or thrifty shop¬
keeper, to invest his ten pounds in consols is calculated to exert
a permanent influence on the value of the Three Per Cents.
At
any Post Office savings bank throughout the country, the saver of
£ 10 can make an immediate and safe investment, and can receive
his dividend with as little trouble. Much expense will be saved
him, and there will be many holders 'of Consols who never
dreamed of being in that position before the present scheme
was suggested.
In France, the Napoleons have always given
the working classes facilities for investing in the national
funds ; but there a political motive was attached to it. Here
there is no such motive. It has been proposed, and adopted, to
encourage habits of thrift.
'
We have had a week of dry, frosty weather, and the change
from the rains of last week was very necessary. The floods
throughout the country have been very severe, and agricultu¬
ral work has been much impeded. Heavy rains are now quickly
followed by floods in all lowland districts, and the reason is
obvious—the dimensions of the outfalls have remained the
same,
while the process of draining the uplands has been
annually extending. Surface water which, twenty-five years ago,
took days to reach the main outlet, now tries to reach its des¬
tination in a few hour3, and the resnlt is that a flood ensues.
Some meetings have been held this week with a view to adopt¬
ing measures to remedy this state of things ; but though the
work will be a long and costly one, it is one of necessity jand
there has been more
demands ths serious attention of the authorities.
There ar6,
no
doubt, difficulties in the way of the apportionment of the
expense, as those agriculturists or residents on high grounds
may contend that, as they are not sufferers, there is no reason
why they should contribute. There is a suggestion (from Mr.
Maguire, M. P.,) that the uplands should pay one-tenth, the
intermediate lands one sixth, and the flooded lands the remainder. A deputation of interested parties will be received
by Mr. Dodson on Friday, the 12th of November, at the Local
Government Board Office, and it is hoped that some remedial
measures will be suggested, as the loss to the country and th e
injury to health by these floods is very serious.
The iron trade of Glasgow has shown decreased activity com¬
tive Committee for the Abolition of Foreign Sugar Bounties,
that two of your members have attended meetings comprising
merchants, manu¬
and others interested in the abolition of
foreign bounties, held at various towns in the North, and that
there is a general opinion in favor of the immediate imposition
of a countervailing duty, pending an international settlement
of the question of the foreign export bounties on sugar, and in
which you urge that it is the duty of Her Majesty’s Govern¬
ment, if sincere in their desire for the abolition of these or other
foreign bounties, to impose countervailing duties. I am directed
by the Board of Trade to state that the whole subject of the
sugar bounties, with the report of the Committee, is receiving
the careful consideration of the Government, and a communica¬
tion will be made to you as soon as a decision is arrived at. But
representatives of all the trade Associations,
facturers, ship-owners,
that the
the objections to .countervailing duties are so great
Government are not prepared to entertain their consideration.
“I am, etc.,
T. H. Farrer.”
the week has been decidedly firm,
improvement has taken place in prices. At
Liverpool, on Tuesday, the market was regarded as somewhat
excited, but the advance established has not, however, been
more than about Is. per quarter.
The deliveries of British
farmers have been only moderate, and our imports from abroad
are far from excessive.
The visibly supply in the United States
has, indeed, increased to 17,400,000 bushels, but this is con¬
siderably below the quantity “ in sight” at this period last
year, aiid the stocks held in this country are still very light.
The position of the trade seems to be favorable to holders, as
there is not much prospect of supply exceeding demand during
the winter months. In fact, it would by no means occasion sur¬
prise if wheat were to rise in value before the spring arrived,
as there is still competition from the Continent, and we are in
want of large foreign supplies. The lowest average this season
for home-grown produce was 39s. 5d., but the latest return
quotes an average of 43s. 7d.; and this week’s return will no
doubt show a further improvement. An advance of about 4s.
per quarter has therefore been established, and the tendency
is undoubtedly towards still higher quotations. Millers are
buying with much caution, and they hold larger stocks than
they did earlier in the season ; but the majority have not pur¬
chased sufficient to constitute a fair working reserve, and hence
they are not able to buy now except by paying full terms.
Bearing in mind that prices are still very moderate, a further
advance in the quotations is still a possibility.
During the week ended October 30 the sales of home-grown
wheat in the one hundred and fifty principal markets of
England and Wales amounted to 45,075 quarters, against
39,966 quarters last year; and it is estimated that in the whole
kingdom they were 180,300 quarters, against nearly 160,000
quarters in 1879. Since harvest the sales in the 150 principal
markets have amounted to 396,584 quarters, against 211,600
quarters in 1879 and 571,263 quarters in 1878 ; while it is esti¬
mated that they have been in the whole kingdom 1,586,350
quarters, against 845,500 quarters in 1879 and 2,285,000 quarters
in 1878.
Without reckoning the supplies furnished ex-granary
at the commencement of the season, it is estimated that the
following quantities of wheat and flour have. been placed
upon the British markets since harvest. The visible supply
of wheat in the United States is also given:
The trade for wheat during
and
a
further
pared with last year; but there is, nevertheless, a fair business
doing. In November, 1879, the low prices current attracted
the attention of foreign, and especially American, buyers. Dur¬
ing the five weeks ended Oct. 30, the exports of pig iron from
the Clyde were only 51,000 tons, against nearly 100,000 tons
last year ; and as there has been no diminution in production
the stock is now 470,000 tons, against 350,000 tons in 1879. The
trade believes, however, in renewed activity, and a firm tone
has been apparent during the week, at improved prices. From
1880.
1879.
1878.*
1877.
the Cleveland iron district the trade reports are decidedly satis¬
Imports of wlieat.cwt.12,689,635 14,2G4,367 10,656,194 11,264,583
2,034,142
2,178,142 1,255,405 1,312,031
factory. Notwithstanding the boisterous weather that pre¬ Imports of flour
Sales of home-grown
•
vailed last week, which prevented several vessels from leaving
produce
6,874,120 3,663,000 9,902,000
8,515,500
port, the shipments in October reached 86,000 tons, of which
Total
121,597,857 20,110,509 21,814,599 21,092,114
45,000 tons were dispatched to foreign ports, being an increase Deduct
exports
or
wheat and flour
365,977
229,314
541,835
404,242
of 8,000 tons compared with the preceding month.
The princi¬
Result
.21,231,920 19,881,185 21,272,764 20,687,872
pal shipments were to Germany and Russia, viz., 16,000 tons to
Av’ge price of English
the former and 7,780 tons to the latter country. To the United
wheat forseason (qr.)
41s. 8d.
48s. 4d.
41s. 8d.
563. 4d.
States 2,000 tons of pig iron and 3,400 tons, of manufactured Visible supply of wheat
in the U. S
bush. 17,400,000 28,822,700 16,292,760
iron were shipped during October.
The following return shows the extent of the imports and
The sugar trade has of late presented a firmer appearance,
exports of cereal produce into and from the United Kingdom
and prices have had an upward tendencj\
Advices from Paris during the first ten weeks of the season, compared with the
state that, now that the more pressing financial wants on the corresponding period in the three previous years:
IMPORTS.
part of manufacturers have been met, while the out-turn of the
1877.
1878.
,1879.
1880.
beet crop proves to be very disappointing, supplies are held
...cwt.12,639,635 14,264,367 10,656,194 11,264,583
Wheat..:
2,331,907
3,236,569
3,466,711
2,719,099
with much firmness. Refiners find an easy and remunerative Barley
2,391,452
2,233,775
3,182,793
2,596,738
Oats
.
sale for their loaves, and
are
therefore buying the raw mate¬
rial freely.
According to French estimates, the yield of beet¬
root sugar in France will not be more than from 359,000 to
375,000 tons. The British Board of Trade have addressed the
following letter to the Workmen’s National Executive Commit¬
tee for the Abolition of Foreign Sugar Bounties :
,
*\Gentlemen :—With reference to
which you state, on
“ October 29,1880.
,
your
letter of the 20th, in
behalf of the Workmen’s National Execu¬
.
273,280
Peas
Beans
461,647
204,634
346.169
297,281
341.894
949,785
Indian corn
769,940
487,743
4,673,238
2,034,142
2,178,142
7,570,353
1,256,403
5,892,336
1,312,031
Flour
EXPORTS.
...cwt.
Wheat
Barley
Oats
Peas
Beans
Indian
Flour
corn....
1880.
1879.
1878.
334,426
2,22 L
66,909
27,218
11,257
4t),882
197,577
522,661
31,745
31,551
•
4,022
5,118
15,427
5,807
.
276,616
31,737
1877.
»
19,941
4,056
1,278
62,856
19,174
396,835
21,739
31,255
4,494
4,710
31,531
7,407
.
November
LittEll’s Living Age for 1881.
Reports—Per Cable.
English Market
527
CHRONICLE
THE
20,1SS0.J
In 1881 The Living Age
its thirty-eighth year of continuous publication,
daily closing quotations in the markets of London and and it steadily increases in value with its years. Its frequent
Liverpool for the past week, as reported by cable, are shown in issue and well-filled pages render it a satisfactorily fresh and
the following summary:
complete compilation of an indispensable current literature—a
London Money and Stock Market.—The bullion in the Bank of literature which grows richer and more abundant every year in
the work of the most eminent writers upon all topics of interest.
England decreased £294,000 during the week. Daring the In no other way can so much of the best of this literature be
same time the specie in the Bank of France decreased 4,055,obtained so conveniently and cheaply as through the columns
of this standard weekly magazine. Its value to every American
000 francs in gold and 8,105,000 francs in silver.
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
reader is therefore obvious. It supplies the place of many
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
magazines, reviews and papers, and alone enables the reader, at
19.
18.
17.
16.
15 '
13.
a small expenditure of time and money, to keep well abreast
5134
51**10
51**10
5U316
Silver, per oz
d 5H31g 51131G
99**16 99l5i6 99-*°io with the best thought and literature of the day.
99916
The pros¬
99716
Consols for money....
99716
100
9911iG 99*316 100
99*>1g
99^iG
Consols for account...
is
worthy
attention
of
all
are
selecting
their
pectus
the
who
85*57*2
85*4o
85*30
85*50
85*45
Fr’ch rentes (in Paris)fr.85*60
periodicals for the new year. Reduced dabbing rates with
104*2
104%
104 %
104%
1043a
.1043a
U. S. 5s of 1881
115
other periodicals are given ; and to new subscribers remitting
114%
115*2 x 114*4
115
115*8
U. S. 4*28 of 1891
116
115
114*2
114*4
114
114*4
now for the year 1881 the intervening numbers are sent gratis.
U. S. 4s of 1907
44
45%
45%
443s
4434
Erie, common stock.... 44*4
Littell & Co., Boston, are the publishers.
123
121
123%
121*2
122
121*2
Illinois Central
64*4
64%
65
x6278
6134
6178
Pennsylvania
National Bank Circulation.—Messrs. Fisk & Hatch, 5 Nassau
22%
24%
22 34
22*8
25
Philadelphia^ Reading 2378
144*2
147*4
Street, issued a circular on Nov. 18, to answer the question:
142*2 ’
141*2
142*2
New York Central
141*2
Can the national banks afford to keep their circulation
Liverpool Breadstuffs and Provisions Markets.‘ Fours' at a price at which they will yield not more
with
Fri.
Thurs.
Wed.
Tacs.
Mon.
Sat.
than
three per cent; or, with a new three per cent fund¬
s.
d.
s.
d.
s.
d.
s.
d.
s.
d.
s.
d.
13 O
12 9
12 9
12 9
12 9
loan at par." In answer to this the circular is very ex¬
ing
Flour (ex. State). 100 lb.12 9
9 11
9 10
9 9
9 9
9 8
9 8
“
Wheat, No. 1, wh.
plicit, and gives the figures showing the profits which can be
9 10
9 9
9 8
9 8
9
7
6
9
Spring, No. 2...
“
made by banks in buying four per cents as high as 119. The
9 11
9 10
9 10
9
10
9
9
9
9
Winter,West.,n.
“
3
9 4
9
late hour at which the circular was received prevents its quota¬
9
3
9
3
9
3
9
3
“
Cal. white
5 9*2
5 10
5 9*2
5 9*2
5 9
5 9*2
tion at length, but it will be found worthy of perusal by all
Com,mixed, West.
“
66 O
65 0
66 0
66 O
enters upon
The
“
-
Pork,West.mess..$bbl.67
0
Bacon, long clear, cwt.. 42
O
Beef, pr. mess, $ tierce.53
O
3
Lard, prime West. $cwt.46
Cheese, Am! choice “ 67
0
66
42
53
43
67
0
0
O
0
0
42
58
46
67
42
53
46
G7
0
0
O
0
42
58
45
67
0
0
0
0
Liverpool Cotton Market.—See special report on
41
58
45
67
0
0
C
0
6
0
6
0
cotton.
bankers.
&
—Attention is again called to the Galveston Harrisburg
San Antonio Railroad Co.’s first mortgage 6 per cent bonds,
due 1910, now offered by Messrs. Anthony Poor & Oliphant of
this city at par and accrued interest. They state
a
limited amount of the bonds remain unsold, and it is expected
that the price will soon be advanced.
v
- •
that but
©cmxnxcrcml atxcIIXXxscclLxixccrxxs views.
—Mr. Wm. D. Hatch, a son of Mr. A. S. Hatch, of the bank¬
following-named National ing house of Fisk & Hatch, has been admitted to membership
in the New York Stock Exchange. He contemplates starting
Merchants’ National Bauk of Lima, Ohio. Organization No. 2,407.
in business for himself at the beginning of the new year,
Authorized capital, $30,000; paid-in capital, $30,000,
Hubert having received his business education in the offices of Messrs.
Mehaffcy, President; Oliver B. Selfridge, Cashier.
National Banks Organized.—The
Bank was organized this week:
,
The
Fisk & Hatch.
Imports
and
Exports for the Week.—The
imports of last
compared with those of the preceding week, show
an increase in both dry goods and in general merchandise.
The total imports were $8,644,659, against $8,478,350 the pre¬
ceding week and $7,049,886 two weeks previous. The exports
for the week ended Nov. 16 amounted to $8,084,388, against
$6,055,705 last week and $10,321,211 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Nov. 11 and for the week ending (for general
week,
—The attention of the dry goods trade is called to the card
of Messrs. Wright, Bliss & £abyan, in our advertisirg columns.
This firm represents many of the most prominent accounts.
the United States, and does an extensive domestic and foreign
trade.
in
—Investors and others who are desirous
connections with an enterprising firm are
attention to the Card, in our advertising
Henry & Gilderen, brokers
merchandise) Nov. 12:
1878.
1879.
$972,202
$1,004,828
$1,620,923
$1,279,386
4,595,377
2,923,360
6,520,033
7,365,273
Total week
Prev reported..
$5,567,579
281,340,857
$3,928,194
248,867,381
$8,140,956
281,294,298
$8,644,659
421,849,422
Total s’ce Jan. l.$236.90S,43G $252,795,575
$289,435,251 $430,494,081
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending November 16:
The
EXTORTS FROM NEW YORK FOR THE WEEK.
„
For the week....
PTev. reported..
1877.
$6,503,061
249,862.230
1878.
1879.
$6,987,695
$6,355,550
301,017,370
TotalS*C6 Jan. l.$256,365,291 $307,382,920
302,048,457
1830.
$8,084,388
358,193,552
$309,036,152 $366,282,940
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
The following table shows
at the port of New York for
Gold.
$4,100
Great Britain
France
Germany.;
Silver.
5,000
Mexico
South America
Ail other countries..
9,700
$18,800
Gold.
$440,418
20,500
264,410
533,200
25,974
Silver.
$
98,430
727,825
1,500
15,440
$325,446
$1,377,872
$729,325
1880
1879
1878
1877
1876
Exports.
Imports.
Year.
Exports.
Imports.
$66,592,585 $11,566,712
$7,367,662 $52,601,722 1875
5,512,072
47,027,005
13,315,023 67,259,177 1874
46.436,565 17,026,770
11,519,610 18,287,885 1873
5,380,018
67,091,529
24,952,892 12,935,031 L872
8,422.001
41,866,612 11,531,809 1871..... 59,600.663
HATCH,
New York, Oct 9, 1830.
whioh
and
individuals, that we fiud it necessary, in order to save clerical labor in
replying to each separately in manuscript, to issue this circular for the
general information of those who may desire to open accoimts with a
We are receiving so many
we
letters of inquiry ns to the terms on
of Banks, Bankers, Business Firms
receive deposit accounts
private banking house in this
city.
prepared, on the terms mentioned below, to reoei ve the accounts
responsible parties in good standing:
Except in the case of Banks, Savings Banks, or other well-known
Corporations, or of individuals or firms whose character and stand¬
ing are already known to us, wo require satisfactory reference
before opening an account.
We allow interest at the rate of 3 per cent per annum on the average
monthly balances, when the same amount to $1,000 or over. On
accounts averaging less than $1,000 for the month we allow no
We are
of
2.
interest.
3. We render
Of the above exports $5,000 were American gold coin and
$20,500 silver coin. Of the imports $3,648 were American gold
coin and $2,995 silver coin.
The movement from January 1 to date in 18S0 includes the
export of $2,184,523 gold and $5,183,139 silver, and the import
of $47,630,258 gold and $4,971,464 silver. The totals at New
York from January 1 to date in the present and several previous
years have been as follows:
Year.
No. 5 Nassau Street,
1.
Imports at New York.
$304,946
;.
West Indies
Total
OFFICE OF FISK. Sc
the exports and imports of specie
the we&k ending Nov. 13.
Exports from New York.
in stocks and bonds.
1880. ’
General mdse...
Dry Goods
invited to give their
columns, of Messrs.
BANKING AND FINANCIAL.
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1877.
of forming business
accounts current, and credit interest as
above, on the last
day of each month.
parties keeping regular deposit accounts with us we collect and
Railroad, and other Coupons and Dividends
payable in this city without oharge; make careful inquiries and.
give the best information we can obtain respecting investments or
other matters of financial interest to them, and in general serve
their interests in any way in whioh we can be of use to them in our
4. For
credit United States,
line of businoss.
commercial paper, but are at all times pre¬
pared to make advances to customers and correspondents on United
States bonds or other first-class and marketable securities.
5. We do not discount or buy
6. All
deposits are subject to check at sight
One of our firm is a member
without notice.
of the New York Stock Exchange,
and we
give particular attention to orders by mail, telegraph, or in person, for
the purchase or sale, on commission, of Investment bonds and Stocks.
We continue to buy and sell direct, without commission, all issues and
denominations of United States Bonds, for immediate delivery, at cur¬
rent market rates.
Very respectfully,
FISK & HATCH.
THE (CHRONICLE.
528
Tlie range in prices since Jan. 1, 18S0, and the amount
class of bonds outstanding Nov. 1, 1880, were as follows :
ghc hauliers7 (iaxettc.
BANKS.
NATIONAL
Information in regard to National Banh-s
officers will hereafter he found under “
neous News,” on a preceding page.
their
organized and changes in
Commercial and Miscella¬
cp.
6s, 1880
68,1881
cp.
cp.
5s, 1881
4%s, 1891.. cp.
4a, 1907
cp.
6s,cur’noy.reg.
recently been announced:
Per
Cent.
of Company.
Name
Railroad*.
Boston Concord 6c Mon.
3
pref
Cfttnwissn pref
Chicago Burl. A* Quincy (quar.)...
3*2
$2
2
Hanover Junction II. A G
Kentuckv Central com
I)o
pref
1
3
When
Book’s Closed.
Payable.
(Dags inclusive.)
Nov.
Nov.
Dec.
Nov.
Nov.
Nov.
Doc.
Northern (N. II.)
$3
Miscellaneous.
American Express
$2 50 Jan.
FRIDAY.
Market
Money
Tlie
20
18
15
8
22
22
1
Nov.
14 to Jan.
3.
Situation.—The
by decided animation at the Stock
Exchange, and another important advance in prices has been
established. The fears of a tight money market seem to have
passed away; either from the belief that the great manipulators
of stocks, who would ordinarily be the parties to work up an
artificial stringency, are now committed to the bull side, or else
upon the assumption that the inflow of gold from abroad will
keep up the bank reserves, and also that a sharp G per cent
market would quickly draw in money from all quarters. Then,
too, it is believed that the Government policy must be in favor
of easy money during next year, to facilitate'the funding of its
maturing bonds by the issue of new bonds at a lower rate of
interest than lias yet been known in this country.
At flie Stock Exchange there has been an active business, with
the development of a strength in prices, both of Government
has been marked
week
bonds and of many speculative stocks, that was almost a surprise
to the brokers.
The monetary influences above referred to, and
prodigious activity and large profits in all branches of busi¬
together with the combi nations among the railroad kings
and the immense railroad earnings, are the general causes which
the
ness,
now
to
seem
account for the unlimited confidence in railroad
properties.
The money market has been irregular, and rates have fluc¬
tuated widely in the same day, a range of 2@G per cent having
been quoted for call loans on stocks. The lower rate, however, is
ml.LatSck
Xov.
5.
$2,526,000
155,1 83,700
Nov. 18
174,512.900
48,390,050
168,600,650
75,487,100
Nov. 18
Sept. 9
534.246,250
64,623,512
301,0'0,400
204,122,350
weeks past and
Range since Jan. 1, 1880.
Xov.
Xov.
12.
Lowest.
19.
Highest.
1041s 10434 101% 1041-2 Apr. 15 10678 Jan. 12
XL 15
11438 115
1097s Jam 2 115% Nov. 16
Nov. 19
11330 1137s 116
IOOI4 Jam 2 116
U. S. 5s of 1881
U. S. 4^8 of 1891
U. S. 4s of 1907..-.
1880-5 P. M.
NOV. 19,
$10,888,000
Closing prices of securities in London for three
since January 1, 1880, were as follows:
Nov. 1 8 to Nov. 23.
Nov. 18 to Nov. 23.
Nov. 16 to
3 Dec.
May 20
May 26
Apr.- 28
the range
to
Nov. 25 to Dec. 16.
Financial
and
11
July 27 10478
1037e July 9 1071s
1013s Nov. 18 10418
1063s Jan.
2 1121s
103
Jan.
2 11178
125
Apr. 21 130
101 Si
Coupon.
Registered.
Highest.
Lowest.
of each
Amount Xov. 1, 1880.
Range since Jan. 1, 1880.
DIVIDENDS.
The following dividends have
|Voi. XXXI.
stock
Railroad and Miscellaneous Stocks.—The
market
comparatively quiet early in the week. But on Thursday
and buoyancy commenced, which was con¬
tinued to-day, with much excitement and a large advance in
prices. The * market in the last hour of business had all the
appearance of a strong and general bull movement throughout
tlie list. It is not easy to account for this important rise, with
such large purchases, except upon the theory that some of the
heavy operators are making their weight felt in the market, as a
movement from outside buying would hardly develope so rapidly.
Reading lias been, as usual, one of the most active, stocks, and
has fluctuated widely. The Court granted permission to the
Receivers to issue the* deferred income bonds, though less confi¬
was
a
renewed activity
felt here. Messrs. Morton, Rose
in London, had merely agreed to act as bankers in receiv¬
ing the deposit of cash, and tlieir subsequent action in withdraw¬
ing arose simply from the fact that the company or syndicate had
changed their plans and desired further services as financial agents.
Messrs. Morton, Rose & Co., as we understand, have had nothing
further than this to do with the bond scheme. The consolida¬
tion plan of the Union Pacific and Central Pacific is yet under
consideration, and terms not yet made public. Northern Pacific
has been among the most active stocks, and the preferred closes
at 64%.
The Missouri Kansas & Texas Railroad ‘jis now to be
restored to its owners by the Union Trust Company, and it. will
be ready for unlimited consolidations and combinations under
Mr. Gould’s direction. The Vanderbilt stocks have been among
the strongest of the week, and the Wabash stocks have been
among those which moved the least. Western Union Telegraph
dence in the scheme seems to be
& Co.,
exceptional, and we should quote a fair range of the market as 4
@Gper cent, according to the collaterals—the greater part of the
business on governments having been at 4 per cent and on stocks
jumped up about G per cent since Wednesday.
at 5 per cent.
On Monday last some loans were made as high as
The daily highest and lowest prices have been as follows:
G lier cent plus 1-32 per day.
Prime commercial paper sells at 5
(go}-2 per cent.
Wedncsd. Thursday,
Friday,
Tuesday,
Saturday, Monday.
Xov. 19.
Xov. 18.
Xov. 17.
The Bank of England on Thursday showed a loss of
Xov. 10.
Xov. 15.
Xov. 13.
77
specie for the week of £294,000, and the reserve was 47% per cent,
j 75% 75% 76
75%
75% 70% 75
l)ist.Tel. 75% 70
40%
40 4 i 40
40
40
40
41% 41U
40
40
40
l.&Pac.Tel. 40
against 50% the previous week ; the discount rate remains at 2%
68 M 70%
09
061* 67% 08
87% 67% 0?M 669* 67
nidii South, 67
per cent.
The- Bank of France lost 4,055,000 francs gold and
79M 79% 79% 79% 81%
7(5% 77% 77M 79% 77% 79% 78
it. of NT. .T..
i.
8,105,000 francs silver.
it. Pacific..
The last statement of the New York
City Clearing House
banks, issued November 13. showed a decreoye of Si,228,875 in
the surplus over legal reserve, the total surplus being $503,250,
against $1,732,125 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years:
1880.Xov. 13.
1879.
Differences fr*m
previous week.
Nov.15.
1878.
Nov. 16.
& Ohio..
lo
1st prf.
)o 2d prf..
ic. & Alton.
ic.Bur.A Qes.
Loans and dis.
Circulation
..
Net deposits
.
Legal tenders.
Legal reserve.
Reserve held.
$324,970,000
Inc.
$599,800 $268,538,800 $237,645,500
42.992.800
25.405.400
64,955.400 Dec. 1,736,300
IS,70S,700 Inc.
16,900
307.703,200 Dec.
88,500
485,300
22,475,700
239,201,200
22.595.800
$22,125
$59,S00,300
39,938,200
$52,438,025
1,251,000
65,588,600
65,343,600
$503,250* Dec. $1,223,875
$5,788,300
$12,905,575
12,474,900 Inc.
$76,927,050
Dec.
77,430,300 iDec.
Surplus
Uiilted States
Bonds.—Government
19.909.400
209,752.100
securities have sprung
into great activity, with prices advancing for the fours and fourand-a-lialf per cents. The circulars issued by New York deal¬
ers have stimulated the banks in changing their bonds, and the
different views held out by the First National Bank, and by
other dealers, have created quite a breeze in the market. At
the N. Y. Sub-Treasury, on Wednesday, $220,000 of the sixes of
1880
offered, but rejected
it was stated that $108,000 were
afterwards purchased, making $724,000 of these bonds in all.
The closing prices at the New York Board have been as follows:
were
Interest
Periods.
6s,
6s,
6s,
6s,
5s,
reg. J.
coup. J.
;...reg. J.
J.
1880..
1880..
1881..
1881..
1881..
reg.
5s, 1881..
4*28, 1891
reg.
4*28, 1891 ..:... coup.
4s, 1907..
reg.
4s, .1907..
coup.
6s, cur’cy, 189 5..reg.
68, cur’cy, 1896.. reg.
6s, cur’cy, 1897..reg.
6s, cur’cy, 1898..reg.
Nov.
13.
Nov.
15.
J. 1027s *10234 *102%
J. *1023i *10234 *102%
J. 104 % 104 h* 104:%
J. 104% *10430 *10430
&
&
&
&
&
J.
J.
J.
J.
J.
*127
*128
*129
*130
*131
*127
*128
*129
*130
*131
*127
*128
*129
*131
'132
Tliis is tlie price bid at tlie morning Board
Xov.
17.
Nov.
16.
Xov.
18.
Xov.
19.
Do
; no
.nhattan —
.r.tC.lst pt.
sale
was
made.
120
33%
43%
82% 83%
78% 79%
20V
87%
97
79%
20
27
*33
40
43% 43%
82% 83%
79% 80
20% 21%
87% 88%
97% 989*
80
SOM
40% 40-H
89
89%
98
80%
8946 40^
88% 88%
74
*
35%
7%
36%
7%
2d prf.
ch.Central. 107*4 103%
»bilet Ohio. 22% 22%
>.Kans. t T. 38% 40%
74
35%
7%
l';8%
22
39)4
wCent.Coal
137%
V.C. AH. K. 136% 137
V.L.E.t VV. 42% 43% 42%
72%
Do
pref. 72% 73
V.Ont.t W. 25% .20% 25%
30%
30%
rthern Pac. 29%
Do
pref. 52% 55% 55-%
20
2(5
25%
io Central,
34% 35% 34%
io & Miss..
pref.
Mail...
77
77
46%
40%
*198 202
47%
ARead’tf 43
33
A.tT.II. 32
o
pref. 102 104
I.M.ASo. 47% 48
26
254
34%
„
33% 33%
48
39% *33
52% 52
81
81%
1
96%
95%
4
75M
4lki
75
97
98%
90%
pref.
:.
Un.Tel.
PM
137%
42%
72%
264
30%
56%
259*
34%
46*6
„
„
40% 44%
31
31%
40
81
1
81
1
42%
75%
94%
41%
74 %
93
95%
95%
41%
755%
96%
81%
-
824
83%
80
80
21%
88%
98%
78->* 79%
39% 40%
88% 89%
203*
874
974
43M
83%
80 <*
also made ex-stock
140%
414 42
44M 44-M
83% 85%
839*
82
81% 82%
21%
21% 20
88
89% 89% 89%
984 99% 99% 100%
79
79%
41%
89%
42%
91M
80
42% 434
91% 92%
75
118
*21%
....
234
22
110
1:0
OS
1104 HI
22 M
117 %
117
44%
36
100
32
47%
48"%
40
*39
50%
*79%
%
52%
81
1
94% 95%
414 42M
75
954
774
90M
205
44
205
30% 39 ,-v
110
48% 494
-10
52
81
*39
52
SI
•
205
47%
110
.
.
.
*202
41
23
39-M 419*
744 72
29
28
30% SOM
136% 133% 138% 142% 142%
42% 43% 434 44% 44%
74
72
75%
73-% 75
28
26% 27% 27% 28
30% 3:4 35% 32% 32
60
55M 56 M 57% 00
25% 259* 243* 24-3* 259*
344 37% 304 30% 36%
80 » 88
85
874 87%
40% 46% 40M 474 47%
60% 69
dividend of 100
75M
•
•
.
1444
45
77
20%
33%
64%
26
30%
88%
48%
205
4896
39% 39%
46%
.
•
•
494
40
52 H
oi
•
.
•
•
50%
404
53%
81%
1
M
%l
%
95% 90-M 96% 08
43
%
42% 42% 429*
769* 77:% 774 78%
102
954 98% 984
per cent at
r»war«i.
SGM@S8%.
the week ending Thursday,
in prices for the year 1879, and from J an. 1, 1880,
as follows:
Total sales of leading stocks for
nd the range
date, were
....
44
140
20M
These are tne prices oui ana asaeti: no muc- was ruau« at, me
+ Sales were
i
*39%
43%
106
524
95%
41%
74%
o
27%
*50%
Pacific.
.St.L.t P.
41%
116%
60%
52
1
90%
81
1
141
138% 138% 139
399* 40M
40
51%
1179*
••••
109" 110M
48
3U%
158%
101%
224
39% 4 M
22
4 <4
*39
48%
137
107% 107% 108%
79
*78
46
47
202
202
45% 49
121% 1121% 122% 122% 122%
204
*20%
79
78
78
79% 79
119% 122
118% 118% 119
31
324 32% 32% 334
31% 32
112% 113% 112% 1144 1144 110% 116% 118
84
86
87
86-M 88
80%
x85% 86M
38
35% 364 364 374 304 37% 37
8
7
7
7'%
7%
7%
74
74
117
32
554
40%
.
39% 40%
884 89%
74
754
57%
34%
88
80
78
12L
83%
20
....
97%. 97%
108% 107%
22
*21%
40% 39%
110% 116%
62
594
27%
137% 1364*
43% 42%
72% 724
26% 255*
31% 304
pref.
o 1st prf.
j Tunnel,
n
♦
36M
7%
AS. Fran,
o
874
112%
84%
43
20% 21%
118% 117
>r.& Essex.. 11 OK 1157-4, 110%
59%
sh.Ch.&StL 58% 59
Do
eifle
121
*38% 39
42% 43
824 83
7-9* 79
120% 120% 121
2144
83%
Do
10430 *104%
lOlSg 10130
101 58 10130
*130
*131
*131
*133
*131
*19
20
83% 84% 85%
19% 2:l% JWJ4 20M
264! 27% 27M 27M 28
21'M 21%
2:4 *214
140%
1394'138% 139% 139
165% 168%
104M 161% 160
103% 103% 1‘ 54 105% 1064
11U
119%
1179* 118
119
114% 116
114% HIP* H5
83
*19
82% 82%
*19%
nois Cent... 117% 117%
32%
ke Erie&W. 32% 32% 32
113% 114%
ke Shore.... 11396 114
171% +72% 172%
uisv.ANash 171
104 *8 *104%
'130
*131
*132
*13112 *134
*135
*133
pref.
C. C. 11.
I.Chic.&l.C.
l.&H.Canal
AW.
nvert Ft.G.
Jo..
Do
pref.
ma.tTex.C.
1027s *102% *102%
*128
*129
*130
20
26% 20 % 20H *20%
“20
21% *20
20% *20
136% 140
13.8% 139% 137%
15744 ,-5-% 157%
158
157
t.l.&P.new 120
.St.L.tN.O. 38*4
.St.P.M.tO 43
102 7s *102% *102%
10430
10130
10112
Q.-Feb. *101% '10150 *10L5g
Q.-Feb. *10134 *10150 *10158
101%
11130
Q.-Mar. 11079 111
1107s *1107e *111
Q.-Mar. miM 112i0 11210 11210 11230 11230
111
11O70 *11078 *111% *lll7a
Q.-Jan. '110%
11O70 lliq U170 11178
Q.-Jan. 11034 111
J.
J.
J.
J.
68, cur’cy, 1899..reg. J.
*
&
&
&
&
;
849* 84%
*10
21%
138
158%
ic.M.tSt.P. 101% 102% 102% 103% 1014 102%
Do
pref. *117 118 11744 1 >7M *117 H7M
1134 112% 1134
113% 113
ic. AN. W.. 112
Do
pref. *36% 136% 137% 138 *137 138
;v.
Specie
.
Sales
Week,
Chic. Mil. A St.P....
Do
do pref.
Chic. A Northw
Do
do prjjf.
*Chic. Rock T. A Pac..
Col. Chic. A Ind.Ccnt.
Del. A Hudson Cana!
Del. Lack. A Western
Hannibal A St. Jo...
50,068
2,845
4,834 100*2 June
9*2 May
65,691
60
May
17,833
94.925
68*2 May
16,710
227s May
03*2 May
18.475
1,450
6,810
83,515
9,680
21,012
16,840
Michigan Central
80,262
1.458
47,668
65,111
190,500
5,505
20,820
69,489
30,295
15,525
Missouri Kan. A Tex.
Morris A Essex
Nashv. Chatf. A St. L.
N.Y. Cent.A TIud.Riv
N.Y. Lake E. A West.
do pref.
Do
Northern Pacific
pref.
Do
Ohio A Mississippi..
Pacific Mail
971
Panama
246,350
Phila. A Reading
St. L. Iron Mt. ASouth.
16,140
300
St. L. A San Francisco
Do
2,238
pref.
860
1st pref.
Do
Union Pacific
108,640
•
..
21,365
97,355
Wab. St. L. A Pacific
Do
do pref.
Western Unioa Tel..
*
May 17 74*2 Jan. 14 45*4 78*2
May 25 90*4 Mar. 8 33*2 89 7r
100*4
99*2 Jail.
2 143*8 Nov. 6 75
113
June 2 168*2 Nov. 19 111*8 134*2
3 3430 82 h,
66*2 May 25 107*2 Nov.
Oct. 28 743* 1023*
99
May 10 121
87*s July 9 11733 Oct, 21 4958 94*-.
767s 108
Feb. 10 142*4 Oct. 26
104
800
Do
do pref.
Illiuois Central
Lake Erie A Western
Lake Shore
Louisville A Nashv..
Manhattan
187.980
‘
150*2
8 119
June
11 204
11 25*8 Jan. 26
Nov.
8
25 91
25 1007g Nov. 19
25 44Sg Sept. 2
25 92*2 Nov. 19
28
5
38
43
3 3*4
34
89*8
94
41*2
70*8
Nov. 19 79*4 10034
2 122
99*2 Jan.
28*2
4 i 16
383s Mar.
20*4 May 11
108
95
June 2 118*4 Nov.
3 67
89*2
86*3 Jam
8 174 Nov. 8 35
72*4
21
July 22 57*2 Mar. 16 35
Nov. 19
7334 98
75
May 17 111
53a1 35^4
28*8 Mav 25 49*4 Jan. 27
100
May 24 1177s Nov. 19 75*8 104*2
Mar. 5 35*2 83
47*2 June 1 128
139
122
May 11 144*4 Nov. 19 112
30
June 1
487s Feb.
2 21*8 49
47
May 25 77 Nov. 19 37*2 78*8
Jan. 14 1 16
40*2
20
May 11 36
3938 May 24 64*2 Nov. 19 t 44*4 65
734 3338
23
May 25 44*2 Mar. 6
8
103s 39*2
Mar.
27*2 May 17 62
182
Nov. 18 123
168
Jan.
2 205
13*2 July
2 72% Jan. 3
56
13
Feb. 17
34*2 May 25 66
Feb.
2
3*8 53
25*4 May 11 48
4*^ 60*2
33
May 11 60*4 Mar. 8
934 78*2
60
May 11 83*2 Mar. 9
Nov. 19
57*2 95
80
May 11 98
Jan. 27
26*2 M ay 25 48
3
51*4 May 25 80*4 Nov.
885* 116
86«4 June 2 116*2 Feb. 2 4
......
......
......
......
......
......
0
price here is for new stock, sold for first
1 Range from July 30.
Lowest
High
Low.
40
45
4,831
17.045
71.940
Chicago A Alton
Chic. Burl. A Quincy
Tear 1879
Highest.
Lowest.
4,125
126,533
....
Range for
Range since Jan. 1,1880.
of
Shares.
Canada Southern
Central of N. J..
time June 11.
t Range from Sept. 25.
Ronds.—State bonds have
State and Railroad
strong, though, showing some
generally been
slight reaction in Southern bonds
rapidly. The Viiginia deferred bonds
are bought still for foreign account, but North Carolina special
tax bonds are neglected, while the new fours have sold at about 81.
All the bonds of the State of Illinois have been called in for re¬
demption on Jan. 1, 1881, leaving that State free from debt.
Railroad bonds have been very active at the highest prices ever
made. Many of the new bonds are dealt in on speculative ac¬
count, and the volume of transactions rival the sales of stocks.
The Erie second consolidated bonds have sold at 100/6 to-day,
carrying 3 per cent semi-annual interest, payable Dec. 1, prox.
A. H. Muller & 8on sold at auction the following securities,
which had advanced too
seldom sold at the Board:
Bonds.
Bonds.
£1,500 Merrimac Silver Min’g
Co., $500 e;rh
$11 for lot.
15,000 Chic. & Southw. RR.
£2.000 County of-N.Y. accum.
debt 7s, due November 1,
1884
110*2 and int.
Shares.
55 Plienix Bank
101*2
19 Union Trust Co
190
1st
m.
7s, due 1809, guar.
124
by Cliic. R. I. A Pao
5,000 St. Louis Gs, gold, due
1893
1 127h and int.
77 @82
40 Sterling Fire Ins
Exchange.—Foreign exchange is somewhat stronger, and
leading drawers have advanced" their posted rates for sterling.
To-day the rates for actual business were 4 SO/*?@4 81 for 60
days prime bankers’ sterling and 4 S3@4 S3% for demand.
Cable transfers
4 S3%@4 83%.
were the rates of
domestic exchange on New
to-day: Savannah, buying,
Charleston, buying, 5-16@% discount, selling
The following
York at the undermentioned cities
;
bank,
Ear;
$1 25 discount,
; St.
1-10 Orleans
discount;
and par
ouis, New
discount;commercial
Chicago, 100@125
Boston,
9d. discount.
Quotations for foreign exchange are as follows:
Nov.
Coins—The
Demand.
Sijcty Dags.
19.
Prime bankers’ sterling bills on
Prime commercial
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frhukfort (reiclimarks)
Bremen (reiclimarks)..’
London.
_
4
4
4
5
4 83
@4 83*2
4 81*2@4 82
481
@481*2
5 2438@5 22*2
80Q @4 81*2
79*2@4 80
79 @4 79*2
27*2@5 255g
39*2® 39 7s
94
@
94*4
94
@
94*4
3934@
9434@
94 34 @
@$4 85
Napoleons
4 74
3 96
@ 3 86
@4 78
@ 4 00
Span’ll Doubloons. 15 60
@15 80
3 83
..
X X Reiclimiu-ks.
X Guilders
Silver *4S and
Five francs
*29.
English silver
..
—
—
Mexican dollars..
Do uncoinmercT.
Mex. Doubloons.. 15 50 @15 GO
Fine silver bars
1 113±@ 1 12*2
Fine gold bars
par@*4 prem.
Dimes & *2 dimes. — 99:4@ par.
947s
947s
.....
Prus. silv. thalers.
U. S. trade dollars
U. S. silver dollars
—
—
4
—
—
—
9934@ par.
91 @ — 94
8 7 *2 @ — 88
86 @ — 87
70 @ 4 80
67
@ — 69
993s@ — 99 58
9934@ par.
following table shows the receipts
payments at the Sab-Treasury in this city, as well as the
balances in the same, for each day of the past "week:
IT. S. Sub-Treasury.—The
and
Balances.
.
Nov. 13...
“
“
“
“
“
Receipts.
*
$
1.273,004 25
15...
16...
1.329,336 30
17...
18...
19.:.
709,722 25
Total
909,195 67
1,223,504 77
991,567 07
6,436,330 31
Payments.
$
1,097,255 95
957,207 89
636,669 59
1,040,049 09
514,801 68
745,327 62
4,991.311 82
to, and including, the
,
Gold.
Currency.
$
72,077.874 50
$
72,527,667 91
72,846,296 06
72,588,921 78
73,233,936 62
73,464,041 20
4.561.531
4,483.808
4,437.736
4,364,784
4.428.532
.
..*
158,980
Bur.C.Rap.& No.. 1st wk Nov
41,699
233,000
Atch.Ton. A S. Fe.2dwk Nov.
89.804
Atl. A Char.Air-L.September.
Atl. A Gt. West
September., 483,061
Atl. Miss.A Ohio.September.
209,446
4,444,667 25
177.342
34,262
6,705
11,494
Cairo A St. Louis.1st wk Nov
Central Pacific...October ...2,145,000
dies. A Ohio
October
211.820
1213804703..
/—Jan. 1 to latest datv.—\
$40,046
105,362
170,000
73,220
433,520
$67,563
Albany & Susq ..September.
1880.
1879.
$521,097
$341,044
1,055,122
7,216,433
615,691
786,312
5,430,447
507,113
1,437.492
1,712,432
1,106,007
1,245,222
345,439
227,563
1,809,022 10,420,198 14,329,149
183,326 2,208,829 1,609,304
...
154,885 138,779 6,5/3,828 4,740,341
.September.1,579,465 1,484,310 12,905,057 10,303,937
Chicago A Altou .1st wk Nov
Chic. Burl. A Q..
13,226
728,020
23,066 1,075,074
272,152 10,916,000 8,407,589
1,896,073 16,003,523 13,214,002
Cliic.St.P.MinAO.lst wk Nov
29,931 1,314,599 1,012.645
41,724
546,302
702,552
Chic. A \V. Mich. .1st wk Nov
16,919
14,476
Cin. Ind.St.L. A C.October
221,753
204.926
768,250
676,417
Cin. A Spriugf. ..2d wk Nov.
22,822
21,177
186.675
Cincinnati South.October
64,877
Clev. Col. Cin. A 1.2d wk Nov. 101.984
87,421 3.732,537 3,144.316
324,841
345,225
Clev.Mt.V. A Del. 4th wk Oct.
10,670
14,342
890,292
858,982
Del.AH.Can.. Pa.Div.. Sept,
117,136 112,762
Denver A Rio Gr 2dwk Nov.
95,397
31,315 2,990,542 1,027,005
627,604
Denv.S.P’kAPae.October
108,190
132,185 1,603,066
183,881
257,049
Des M,A F.Dodge.4th wk Oct.
9,209
6.3S0
904,672
985,254
36,637
Det. Lans. A No..4tliwkOct.
37,511
857.946
778,651)
26.S41
21,121
DubuqueA S.City. 1stwk Nov
Eastern
August
302,389 264,601 1,915,440 1,628,426
945,385
Flint A Pere Mar.Istwk Nov
34,782
28.2S5 1,327,156
Gal. Har.A Sau A.3 wks Oct..
129,345
100,140
October ... 158,407 123,807
Georgia
220,128 9,115,440 7,717,903
Grand Trunk. Wk.end.Nov.13 230,245
Qr’t Western.Wk.end.Nov.I2 110,269 *104,020 4,420,462 3,811,844
Hannibal A St. Jo. Istwk Nov
48,337
46.504 2,121,090 1,597,451
fjoust. & Texas C.lst wk Nov
97,526
92,779 2,961,651 2,486,428
IllinoisCen. (Ill.).October
675,091 625.949 5.228,822 4,699,480
Do
(Iowa).October
185.033 181,910 1,372,602 1,247,573
990,658
Indiana Bl. A W.. 1st wk Nov
25,576
23,248 1,047,415
lut. A Gt, North.. 2d wk Nov.
04,943
54,985 1,572,310 1,422.211
Iowa Central
October... 101,130
82,650
669*660
899,747
K. C. Ft.'S.A Gulf.3d wk Oct..
25,239
19,133
376,367
582,972
Kans.C.Law.ASo.3d wk Oct..
10,033
12,752
552,572
Lake ErieA West.4tliwkOct.
85,613
23,066 1,106,293
Little Rk. A Ft. S.September.
32,578
48,193
Chic.&G.Tr’k.Wk.cnd.Nov.l3
37,259
Chic. & East. III.. 1st wk Nov
33,641
Chic. Mil. & St. P. 2d wk Nov. 352,000
Chic. A Northw..October ...2,031,000
...
...
...
...
...
Louisv. A Nash v.2d wk Nov.
232,500
157,426
Marq. IT. A Out’n.lst wk Nov
Memp. A Chari... 1st wk Nov
Minn. A St. Louis.3 wks Oct..
Mo. Kan.&Texas. Istwk Nov
15,963
5,448
...
...
60,799
79.901
546,027
263,131
178,266
Northern Central.September.
Northern Pacific .2d wk Nov.
464,093
Ogd. A L. Champ. 2d wk Nov.
11,743
169.958
47,394
57,194 1,697,996
426,837 3,534,104 2,902,498
46,665 2,201,213 1,772,167
10,111
263,908
24,516,210
10,759
8,228
21,826
386,689
319.770
2,753,767
23,855
13,730
19,275
181,574
21,601
10,956
172,196
46,100
*
Loans.
8
Specie.
58,055,000
57,927,y00
55.440.100
2 7.... 290,806,700 54,773.800
.290,039,500 53.009,300
Apr.
Mar.
6
297.135,500
13....297.250.900
20
294.4.1 .‘7,400
.288.470,900
52,023,000
50,050,800
48,983.000
49.400.500
53.391.500
50,278,000
50,831,900
59,271.700
29....273.210.400
01,109,000
5....270.050.000
June
03,192.700
12....279.205.700
01,450,000
19....286.075.100
285.905,100 05,210,100
00.108,000
291,784.300
July
.293,428,500 70.822.100
17....284.250.800
278,880,200
.280,430,300
May
.*281,137,700
18 ...273.574,200
22....272.250.800
17....292.309.500
24....294.517.800
297.779,300
.304,705,800
Aug.
14....300.491,sOO
21....310.006.300
28....310.738.100
4....311.942.800
70,015,500
09.058,900
08,037,700
08,700,000
08,330,900
00,717,500
05,413,800
05.434,700
00.340,300
00.517.300
05.147,000
11....313.710.200
18....314.123.500
25....310.201.000
05,250,300
2....309.323.000
Oct.
00.992.200
9....313.521.200
315,811,900 07,304,300
23 ...317.043,300 05,013,900
30....317.880.200
66.372.400
60.091.700
Nov. 6....-24,370.200
324,970,000
1.13*2,097
1,188,407
S50.770
459,266
4.152,561
5,145,209
2,323,989
1,334,466
436,413
2,704,436
1,231,453
2,255,745
275,421
275,421
4,149,000
247,705
1,060,518
926,905
936.033
10,525,018 7,509,828
...
City Banks—The
1.415,572
545,260
...
City Clearing House
2,190,781
1,374,013 13,093.371 10,834,483
347,224
39,025
428,459
...
past:
323,691
1,450,223 12,278.913 10,388,848
(brclis).lst wk Nov
St.L.IronMt.AS.Istwk Nov 173,780
St. L. A San Fran.2d wk Nov.
72,300
St.Paul A Duluth.September.
58,716
52,500
St.P.Minn.A Man.2d wk Nov.
70,500
28.478
St. Paul AS.City..Istwk Nov
35,602
5,995
Scioto Valley
6,439
.2d wk Nov.
43 4,000
.1
South. Pac. of Cal.October
77,707
81,519
Texas A Pacific ..Istwk Nov
33,119
34,140
Tol.Peoria A War. 1st wk Oct.
Union Pacific
October ...2,707,736 2,337.698
Wab. St. L. A Pac.lst Avk Nov 257,144
213,723
Wisconsin Cent...October
116,998
81,899
New York
1,440,9S0
485,069
2,898,586 27,724,474 23,719,381
...
New York
1,691,364
330,995
St.L.Alt.AT.H. ..Istwk Nov
1880.
615.901
514,834
629,867
352,337
2.661,499
3,186,803
85,221 3,513,220
434,266 4,453,864
267,084 1,730,655 1,501,554
60,890
48.298
Peoria Dec. A Ev.October
Pliiladel. A Erie..September. 322,737
Phi la. A Re
leading. September. 2,089,256
sv. A B.September.
Pitts. Titusv
55,076
Ports. Gt.F.&Con. August
22,391
Rensselaer A Sar.September. 196,561
weeks
763,327
912,655
5,273
4,371
September.3.647,543 3,336,528 30,254,613
Pad.AElizabetht.lst wk Nov
Pad. A Memphis..Istwk Nov
Pennsylvania
8,019*636 4,9*39*668
30,109
33,498
34.2 47
Missouri Pacific..October
Mobile A Ohio
October...
Nashv. Cli. A St. L. October
N. Y. A Canada ..September.
56,959
.9,095,193
N. Y. Cent. A ITud. October
N.Y. L.ESrieA W.August...,1,606,873
N.Y. ANr. Engl’d.SdwkSept.
61,898
Sept.
76
76
69
13
38
earnings and the
period mentioned in the second column.
Latest earnings reported^—,
1880.
1879.
Week or Mo.
Ala.Gt. Southern.October
40*8
following are quotations in gold for v arious coins:
Sovereigns.$4 83
Earnings.—The latest railroad
Railroad
totals from Jan. 1 to latest dates are given below. The state¬
ment includes the gross earnings of all railroads from which
The ^columns under the heading
returns can be obtained.
“
Jan. 1 to latest date” furnish the gross earnings from Jan. 1
Do
are
3-16, selling, %
529
THE CHRONICLE.
18S0.
November 20,
922,308
602,692
following are the totals of the
Banks’ returns for a series of
L. Tenders.
Deposits.
*
$
Circulation. Agy. Clear
12.130.400 271,483,400 21,002.100 895,014,025
11,052,400 270,381,000 20,907.190 827,801.840
11.555.100 204,538,200 29.975.800 748,481,804
11.272.500 200.340.500 20,995,200 044,453.907
10.847.500 259.300.800 20,981,000 771.019,070
11,935,900 250.207,"00 20.987.900 810,774,898
13,800.000 253.519.800 20,843,000 849,817,403
15.432.100 248.890.700 20.612.800 720,947.846
17,014,000 252.572^00 20,0-10,200 097.435,051
17.257.100 258,323,000 20.572.900 790.380.509
19.229.300 201,075,900 20.498.400 807.032.049
21,069,500 258.325.700 20,304,000 759,515.331
22.547.400 202,762,000 20.238.100 795,990.073
21.934.800 260,Kl!),000 20,059,900 039,330.131
22.221.300 271,028,500 19.682.500 737,534,533
22,004,300 278.140.700 19.694.900 010,148,241
21.715.800 277.770.800 19,020,000 007,558,981
20,084,000 283,078.300 19,572,000 711,472,517
19,024,800 290.714.700 19,525,800 452,751,881
20.915.400 292.238.500 19,488,700 560.480.032
20,351,200 291,270,000 19.403.500 025,910,274
20.631.300 291.300.500 19,477,000 580,540.082
17,115,900 297.024,200 19.430.400 044,309,907
10.312,000 298.091,000 10,381,000 551,923,441
15,254,200 298.015,100 19.428.100 480.785,189
15,335,’500 296,422*900 19,*390,*00 522,899,382
14,5-11,400 297,180,800 19,342,300 003,877,203
am on*
625,050,183
298,350.500 19,353,000
298,923,700 19.344.500 023.375.055
573.355,801
13.197.200 294.800.900 18.882.500
13,046.300 295,011,400 18.636.700 705.598,706
651,169,020
1*4,029,000 301,013,000 18.573.700 693.917,360
13,035.000 302.500.900 17.029,100
13,159,300 300.831,000 18,700,000 872,895.095
13,016.700 8< *2,582,100 18.640.500 785,361,021
11.989,600 307,7^0,700 18,091.800 800.393,048
13.948.200
13,517.700
64.955.400 12,474,900 307.70S.200 13.708.700 896,540,451
THE CHRONICLE.
530
November 13, 1880
Capital. Loans and
0.850,000
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
800,000
800,000
5,000,000
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
City
Tradesmen’s
Fulton.
Chemical
Merch’nts’ Exch.
Gallatin Nation’!
Butchers’ADrov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
6.797.600
7.029,700
7,834.000
Mercantile
3.300.200
1,739,000
2.620.900
473,200
140.900
73.700
832,100
647.200
107,700
2,562.000
10,618.700' 2.693.700
3.810.600
U.377,000
11,229,100
919.000
290.000
463.900
398.100
37.800
585,000
445,000
804,000
149.300
875.800
484.900
857.800
208.500
171.100
163.800
130.400
141,000
900.200
4.435.700
14,721,000
0,097.100
4,073,200
2.251.700
5.139.500
3,796.80G
450,000
Chatham
155.200
1.491.800
412,500
92,000
2.271.400
North America..
700,000
8.797.100 1.508.400
Hanover
1,000,000
2.894,3ou
438.900
500,000
Irving
3,000.000 13,682.000 3,101,000
Metropolitan
2,024.700
324,000
Citizens’
600,000
367.400
2.609.500
Nassau
1,000,000
465.800
2.874.700
Market
500,000
2.396.200
441.100
St. Nicholas......
500,000
129,000
3.173,000
Shoe & Leather..
500,000
232,000
4.228.100
Corn Exchange.. 1,000,000
7,088.300
1.935.400
Continental
1,000,000
40.900
1.740.500
Oriental
800,000
902.000
3.519,000
Marine .:
400,000
Importers’ & Tr.. 1,500,000 21.641.400 5.073.000
Park
2,000,000 18,000,000 5.411.200
218.200
953.200
500,000
Mech.Bkg. Ass’n
49.200
948,300
North River.
240,000
People’s
104.800
87.100
670.000
33.000
212.000
255,0u0
105.000
388.900
225.600
5,700
121.300
88.200
448.800
872.000
265.000
...
945,000
250,000
East River
Fourth National
Central Nat
Second Nation’!
Ninth National.
First National..
Third National.
N. Y. Nat. Exch.
19.572.000
10.702,000
3,200,0
2,000,0
Germ’n Americ’n
Chase National..
Fifth Avenue....
1,114,C00
532.000
2,710.000
300,000
750,00(1
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
Bowery National
N. York County..
99.000
5,237.000
4.727.500
14.541.700
7.556.400
1.605.000
3.529,500
1.377.800
1.374,000
176.100
1.352.100
2.403.200
44.700
377.100
3.727.800
1,541,900
321,300
259,700
180.000
2,700
900.000
2.592.700
1,125,000
4.243.900
1.541.100
5,400
180,000
45,000
800.000
432,000
45.000
270,000
3.900
434.100
450,000
450,000
4,600
780.300
1.614.300
3.980,000
180,01)6
23,914.000
1,114,700
45,000
44,900
224,803
810,000
720,600
20,490.400
1,487,000
9.804,000
3,150.000
5.611.000
15.959,000
45,000
90,000
1.074,900
450.000
800.000
269.9)0
1.204,000
1.597.900
218.100
180,0)0
7.852.700
2.261.500
3,995.000
31.300
71.100
89.100
945,000
1.259,800
5.075,400
3.956.400
2.252.800
1,013,200
155.300
290.000
116.600
306.000
400.400
23.000
1.229.000
1,107,000
22.491.20C
655,400
228.200
1.788.700
672.000
794.300
2,009.100
8.673.300
2,063,700
13,284,000
2.168.600
2,090,900
2.379.300
2,051,800
3.123.500
2.844.800
8,480,000
244.900
116.000
245.400
90.000
....
3.999.100
2.405.500
1,015,400
387,000
154.800
1.625.100
60.475.200 324.970.000 64 955 400 12,474.900 307.70S.200 18.708.700
Total
The deviations from returns of previous week are as follows :
Loans and discounts
Inc.
$599,800 j Net deposits
Dec.
$88,500
Specie
1,736,300 I Circulation
485,300 1
Dec.
Inc.
Legal tenders
Inc
16,900
.
Banks.—The following are the totals of the Boston
banks for a series of weeks past:
Boston
1880.
16..
23..
BB
30..
0..
Sept
it
13..
11
20..
11
27..
Oct. 4..
11..
H
18..
II
25..
Nov. 1..
•«
8..
••
15..
Aug.
D
.
Specie.
148,053,800
6,349,000
5,901,100
0,002,000
147,259,200
0,231,800
140,749,700
140,074,800
145,500,500
0,871,000
7,032,300
7,615,000
8,333,400
8,700.800
8,652,000
8,472,400
8,312,000
8,360,100
*
3,182,900
2,991,900
3.128,600
2,945,200
55,633,100
50,002,600
2,902,500
56,009,500
50,342,900
58,3M,800
59,827,700
00,612,100
61,220.900
55,228,200
55,495,300
2,843,500
2,962,800
8
S
$
$
147,343,400
146,027,900
Deposits. Circulation. Agg. Clear
L. Tenders
Loans.
$
30,490.200
30,378,300
30,514,900
30,508,500
58,477,792
58.143,850
48.801,889
53.202,766
54,247,417
30,569,800
30,463,300"
30,503,800
30,577,200
30,621.200
30,498,600
30,503,200
30,540,500
30,597,000
55,287.970
57.670.524
02,080,700
2,875,300
2,745,400
64,974,226
04,229,418
2,713.000
60,051,85.8
2,890.900 *100.404.500
3,077,900 *101.572,500
148,840,500
02,388,97o
150.429.100
3,015,500 *103,529,300
71,908,48 s
30,517,700
2,904,700 *102,845,300
151,767,000
8,074,000
72,940,8)3
♦From Oct. 23 the item “ due to other banks,” is included in deposits.
*
145,099,500
140,721,200
145,700,700
147,836,900
Philadelphia
are as
1880.
10
Aug.
tt°
L. Tenders.
$
69.591,147
69,967,170
70,254,003
70,503,376
70,782,054
70,627,677
70.804,827
70,741,570
71,455.947
71.703.S45
72,504,072
73,441,349
....
....
..
.
,
.
..
....
.
.
..
..
....
•
....
...
1
8
....
15
20,210,899
19,625,220
69,148,060
....
28
30
6
Sept,
H
13
• 4
20
%l
27
Oct. 4
•*
11
«l
IS
•»
25
II
Nov.
Banks.—The totals of the Philadelphia banks
follows:
Loans.
$
19,755.005
19,352,411
20,676,935
21,300,239
21,583.983
21,403,516
21,442,750
21,108,728
20,533,198
20,9 >6,079
t-21.167,722
20,180,457
74,515,040
....
Deposits.
Circulation.
$
*
Agg. Clear.
$
39.159.731
38.304.761
3 1.405.504
36,143,128
12,122,670
12,138,042
12,161.925
12.154,778
12,178,215
12,209,230
60,880,934
60,653,997
61,109.690
61,532,113
63,010,452
64.683.179
64.420,111
36,873,476
44,444,519
39,199.700
42.653,645
42,963,778
12,215.485
12,195,371
12,186,549
12,213.234
12,243,730
64,822,802
04,832,760
05,740,522
05,329,078
65,779,300
42.851.693
45,341,760
12,230,647
42.803,752
66.098,124
12,235.615
49,025,584
60,738,284
12,241,785
40.419,767
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid.
SECURITIES.
Ask.
do
2d 7s
do
land Inc. 8s..
Boston & Maine 78
.Boston *
do
....
Old
6a
*
*
*
*
105
*
*
*
Fitchburg KR., 6a
do
...
7s
Fort Scott & Gulf 7a
Hartford & Erie 7s
Ran. City Top. & \VM 7s, 1st
do
do
78, Inc..
K. City Lawrence & So. 4s...
Kae. City. St. Jo.&C. B. 7s. .
Little R'k & Ft. Smith, 7s, 1st
New York & New Ene. "is
Few Mexico & so Pac. 7a...
...
Oedena^u
ak
....
....
99?6
....
*
*
r>
K>8
48b
43'4
118
107
! 99
....
its
,
f
IIS
109
in 8% 113%
113
nn%
92
Topeka
Fitchburg
f1
....
.•
;
Boston* Albany..!
Boston & LoweU
Boston* Maine.:
Boston & Providence
Cheshire preferred.
Chic. Clinton Dub. & Min
Clii *. * W. Michigan
Cm. Sandusky * dev
Concord
Connecticut River.
Conn. & Passurnpsic
.
Eastern (Mass.)
Eastern (New Hampshire)...
6s
Boston & Providence 7s
U7
Burl. & Mo., land grant 7a
Nebr. 6s
Ex no
do
do
103
Nebr. 6s
Conn. & Pa8sump8ic, 7s, 1897.
Eastern, Mass., 4^8, new. ... '99%
Ask.
....
STOCKS.
Atchison &
*
Boston & Lowell 7s..
do
Colony, 6s
114
Pueblo & Ark. Valley, 7s
Rutland 63,1st mort
Vermont * Canada, new 8s..
Vermont & Mass. RR.,6s
124% i.25*
Albany 7s
Bid.
SECURITIES.
BOSTON.
119
Atch. & Tcpeka 1st in. 7s
land grant7s 118
do
Fort Scott*
i
'
do
Rutland, preferred
Vermont* Massachusetts..
Worcester* Nashua
138% 138%
156%
105
i
113
145
56
143%
....
59
'
7
in
17%
73
17%
92
154
79
80
31
i‘38
118
Gulf, pref
10
ino
common.
K.C. Law. & Southern.Ex.lt
Little Rock & Fort Smith
58M
157
Manchester & Lawrence..
Vnah'ia *» l.ftWflt'
135
.
-
f 90
59
7s, cp.,191!..
7s, rg.,1911..
do con8.m.6s.g.f.l911...
co Ken. m. 6s, 1903 .. ..
do imp. m. 6s g., 1897...
do conv. 7s, 1893*
do
123
cons. m.
121
112
45
do
7s, coup, off,’93
Phll.&R.Coal&lron deb. 7s,92
59%
PHILADELPHIA.
CITY BONDS.
STATE AND
791,100
12,045,200
1,500,000
Republic
01,300
1.100
267,000
do cons. m.
pref..
360,000
44,500
336.500
376.200
98.300
75.500
153,000
202.200
108.400
1.412.400
Phil.* Read, scrip, 18S2
do
- In. m.7s, cp,l896
123
59
3.181.900
543.900
477.100
260,500
151,000
25,000
590.100
1,083,000
1,033.500
3.222.400
41H
400
78.100
12.630.400
4.664.800
4.279.600
England... 41%
Hampshire no*
Norwich & Worcester
Ogdensb.* L.Champlain ... 22
Old Colony
...
Portland Saco & Portsmouth 108
122
Pullmao Palace Car
27
$
492.000
422,700
Pacific
149,000
203,000
2,420,800
401.800
8.510.600
SECURITIES.
do
495,000
9,023,000
5.205.300
0,416,200
6,677,000
4,008,500
7.940.100
4,214,000
9,058,000
2,258,200
1.463.700
238.800
2,042,300
694,000
4,140,000
5,000,000
1,000,000
1,000,000
Broadway
1.087,600
4.758.500
0,954.500
tion.
$
$
203.300
238.000
400.00C
514,000
4,500
$
2.003.000
1,050,000
1,120,000
1,090,000
I
f
Circula¬
other
than U. S.
Tenders.
Bid.
Ask.
New York* New
Northern of New
Net depVs
Legal
Specie.
discounts.
Etc.—Continued.
Bid.
SECURITIES.
:
Average amount of
Banks.
PHILAlMJLPriUA,
BOSTON,
following statement shows the condition of the Associated
Banks of New York City for the week ending at the commence¬
The
ment of business on
[VoL. XXXI*
Penna. 5s, g’d, int.,reg. or cp.
do
5s, cur reg
do
5S, reg., 1S82-1892. ....
do
5s, new, r eg., 1892-1902 116
do
deb. 7s. cps.oft
do mort., 7s, 1892-3
Phila. Wilm. & Balt. 6s, ’84....
Pltts.Cln.&St. L. 7s, com, 1900 118%
do
do
7s, reg., 19iK) 118%
Shamokln V.& Pottsv.7s, 1901 111%
Steubenv. & Ind. 1st, 6s, 1884. 104
Stony Creek 1st m.7s 1907....
116% Sunb. Haz. & W.,lst m.,5s,’23.
101% Sunbnry & Erie 1st m. 7s, ’97..
07
Syra.Gen.* Corn’g,1st,7s,1906
Texas & Pac. 1st m ,6s, g.,1905
cons. m.,6e,g.,1905
do
do
6s» old* re£-•
do
lnc.&l. gr.,7s 1915
127
do 68,n.,rg.,priorto’95
Union & Titusv. 1st m. 7s, ’90.
125
do 6s,n.,rg.,1895* over
United N. J. cons. m. 6s,’94..
100
do 4s, various
Warren & F. 1st m.7s, ’96
LO0
West
Chester cons. 7s, ’91
Allegheny County 5s, coup
West Jersey 6s, deb., coup.,’83
Allegheny City Tei, reg.....
do
1st m. 68, cp., ’96.
Pittsburg 4s,coup., 1913....
do
5s, reg. & cp., 1913.
do
lstm.7s,’99
do
cons. 0s, 1909 ....
io
6s,gold,reg ... ... 107
do
7s, w’t’r ln.rg. &cp.
Western Penn. RR. es.cp.’as.
1071*
do 7s, str.lmp.,reg.,’83-86.
6s. P. B.,’96.
,do
CANAL BONDS.
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup. 1&%
Dela.
Chesap. &
1st 6s, rg.,’86
84
68,10-15, reg., 1877- 82.
6s, 15-25, reg., 1882-’92
6s, In. Plane, reg.,IS<9
Philadelphia, 5b reg
do
do
do
County 6s, coup
City 6s, coupon
do
7s, reg. & coup.
Delaware 6s, coupon..
Camden
Camden
Harrisburg City
6s, coupon..
STOCKS.t
Delaware Division 6s,
112
24
25
14
Prcf
do
Catawlssa.....
40
Delaware & Bound Brook....
East Pennsylvania.
Elmira &
.....
Har
P. Mt.
Joy * Lancaster.
Huntingdon* BroadTop...
8
12
Lehigh Valley.
50%
40%
51%
Little
. .
Schuylkill
Mtnehlll
.......•
55
105
54
Nesquehoning Valley
Norrl3town....
North Pennsylvania
Pennsylvania.......
Philadelphia & Erie
Pniladelphia & Read.ng
Philadelphia & Trenton
Phlla.Wilmlng. & Baltimore
Pittsburg
do
St.
02)6
17
23
182
prer
do
Duluth R.R. Com
Companies..
West Chester consol, pref
CANAL
STOCKS.
50
55%
02%
17%
25%
16%!
'33%
a3.
|!
01
36%
35% 35%
Morns
do
pref
163
Pennsylvania
Schuylkill Navigation....
do
pref...
RAILROAD
Allegheny
BONDS.
Val.^TIMOsaSM...
do
Inc. 7s, end., ’91.
Belvidere Dela. let m.,6s,1902.
2dm. 6s.’85..
3dm. 6s, ’87..
do
do
&Amboy 6s,coup,*83
do
6s, coup., ’89
115
domort. 6s,’89
Cam. & Atl. 1st m. 7s. g., 1893
ids’
do
2d m. cur. 7s, le7«..
105
Cam. & Burlington Co. 6s’97.
Catawlssa 1st, ,s, cony., 82...
do
chat, m., 10s, 88 ..
115%
do
new 7s 1900
Camden
Connecting 6s, 1900-1904...... 112
Chartlers Val., 1st m.7s,C.,l90,.
116
Delaware mort., 6s, various..
115
Del. & Bound Br., 1st, 7s,19(fo
....1
East Penn. 1st mort. 7s, 88 .
E1.& W’msport, 1st m.,7s, &0 111%
85
do
5s,perp.... ...
115
Harrisburg 1st mort. 6s, .’83„.
H. * B.T. 1st m. 7s, gold,’90.'....
do
do
do
do
2dm.f J.scrip g.,7s
3dm. cons. 7s,’95*.
Ithaca* Athens 1st £ d, 7s.,’S0
J unction 1st mort. 6s, ’82.....
do
2d mort. 6s, 1900 ...
Lehigh Valley, lst,6s,cp., 1898
do
do reg., 1893...
08
ro%
Little Schuylkill, 1st in. 7s ’32
North. Penn. l6t m. 6s, cp.,’8a.
do
2d ra. 7s,cp., ’96.
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 1903
Oil Creek 1st m. 7s, coup.,’81.
rlttsb. Titusv. * B.,7s, cp.,’90
Seri p
do
1906
In defau”-.
f Per sh^re.
....
....
1907
2d m. 6s, reg.,
6s, boat*car,rg.,1913
Baltimore 6s, 1S34, quarterly,
do
68,1856, J .& J.......
do
6s, 1890, quarterly...
do
6s, park, 1390, Q.—M.
do
6s, 1893, M.&S
do
68,exempt,’93,M.&S,
do
6s, 1900, Q—J
do
68,1902, J. &J
do
5s,19i6, new
110%
116%
117
110% 117%
116
121
121
122
122
118
!21
121
116
119
116%
122
.100
175
1st pref
2d pref
Wash. Branch. 100
iie
Balt.* Ohio
no
109
111
109
100
108
111
Par.
BAiLKOAD stocks.
do
do
do
Parkersb’g
Northern Central
Western Maryland
Central Ohio
Br.,50
50
39%
9%
45%
RAILROAD
..
BONDS.
Balt. & Ohio 6s, 1885,A.&O....
N. W. Va. 3d m.,guar.,’85,J*J
Pittsb.* Connellsv.78,’98,J*J
Northern Central 6s, ’85. J&J
do
6s, 1900, A.&O.
do 6s, gla, 1900, J.&J.
Cen. Ohio 6s. 1stm.,’90,M.& S.
W. Md. 6s, 1st m.f gr.,’90, J.&J.
do
1st m., 1890, J. & J....
do
2dm., guar., J.&J....
do
2d m.,pref
do 2d m.,gr. by W.Co.J&J
do 6s, 3d in., guar., J.&J.
Mar. & Cln. 7s, ’92, F. & A ..
do
2d, M. & N
do
Ss,3d, J. & J....
107% 109
107% no
119
108%
112
'
118
no
118
106
no
120
121
111
115
in’%
iii
iio
115% 117
8!%
82
43
43%
Union RR. 1st, guar.; J. & J.. 115%
do
Canion endorsed 115%
CINCINNATI.
Cincinnati 6e, long
do
do
do
do
T 109
t ns
7b..
i*30s...
tll25
South. RR. 7*30s.+ 127%
do
6s, gold.t- 11
Hamilton Co., O., 6s. long...+ 107
ao
7s, lto 5 yrs..t 105
do
7 & 7*30s, long.1 120
Cln.& Cov. Bridge st’k, pref. 150
Cin.Ham. & D. cons.Gs,19.5 + 105%
do
7s, 1905 + 112
do
2dm. 7s, ’851 104
Cln. Ham. & Ind., 7s, guar. .1 105%
Cln. & Indiana 1st m. 7s
+ 100
do
2dm. 7s,’77..+ 103
Colum. & Xenia, 1st m. 7s, ’90 + 107
& Mich. 1st m. 7s. ’81+ 101%
Dayton
*
do
2d m.78,’84.+ 105
do
3d m. 7s, ’881 105
Dayton* West.lstm.,’8l...1
do
1st m., 1905.1 112
lstm. 6s, 190) +105
do
Ind. Cln. & Laf. 1st ra. 7s....+ 100
do
(I.&C.) 1st m.78,’88+ 106
Little Miami 6s,’83
+ 103
91
Cin. Ham. & Dayton stock...
135
Columbus & Xenia stock
Dayton & Michigan stock.... 54
Louisville 7s.
...
93
Phila. & Erie 1st m. 6s, cp.,‘81. 101%
do
2d m. 7s,cp.,’S8. 115
Phila. Newt’n & N.Y.. 1st m.
Pnlla. & Read. l6tm.6s,’43-’44
do
M8-.49,
do
do
2d m.f 7s, cp.,9 <.
do
deben., cp.,’t'3'
do
do
cpsoli. 41
*
109
115
106
st’k.guar
132
132
100
i04
io2
106
100%
104
93
55
134
132%
LOUISVIL LB.
....
6s,coup.,’9i
do
do
do
do
8. p.c.
Little Miami stock
Pennsylv., 1st m., 6s, cp., ’80 1U2%
gen. m. 6s, cp.,1910. 121%
gen. m. 6s, rg., 1910. 122
120
do
cons. m. 6s, rg., 1905.
119%
do
cons. m. 6s. cp., 1905.
do
Navy Yard 6s, rg,’61
106%
Penn. Co ,6s. reg
Perkloraen 1st m.
108
115
.
121
do 21 m. 78, reg., 1910..
do
con. m.,6s,rg.,1923
68,cp.,19^3
do
do
do
80
cp.,’78.
-
lstm. 78, fd. g. »9 ...
2d m. 7s, gold,’9a.. 109
Pa.&N.Y.C.* RR.78,1895
no
.50
50
Pittsburg & Connellsvllle..50
-
Navigation
Susquehanna
08
Norfolk water, 8s
318
Chesapeake* Delaware..
Delaware Division
Lehigh
108
BALTIMORE.
Maryland 6s, defense, J.& J...
do
6s, exempt, 1887
13
do
6s, 1890, quarterly..
do
58, quarterly
56%
United N. J.
West Jersey
106%
11?
118
7s, boat*car.rg.,l9l5
Susquehanna 6s, coup.. ’.918 .*
16%
pref.
do
50
'
Titusv.* Buff....
Paul &
118
do m. conv. g., reg.,’94 108%
do mort. gold,’97.... 109%
109
do cons. ra.7s, rg.,191!
1(9
Morris, boat loan, reg., 1885..
85
Pennsylvania 6s, coup., 1910.. 104
101%
Williamsport..
prei..
do
Ha
88%
103%
Schuylk. Nav.lst rn.6s.rg.,’97.
40%
pref........
Dew pref
do
do
50
112
Lehigh Naviga. m.J5a, reg.,’84
do
mort. RR., rg ,’97
RAILROAD
Camden * Atlantic..
ao
107
100
100
107
101
104
105
105
105
114% 115%
110
110%
Br. Ex. 7s,’80-S5.+ 105
Lou. In.
do
6s, ’93,. .+ 104
Jefferson Mad. & Ind. stock. 103
+ ftnl inter*
1st m. Leb.
47
+ 100% 110%
104% 105%
104% 105%
104% 105%
104% 105%
104% 105%
104% 105%
108% 109
101% 102
do
6s,’82 to ’87
+
do
68,*97 to ’9i...
+
water 6s,’87 to’89 +
do
do
water stock 6s,’97.1
do
wiiarf 6s
1
do
epec’l tax 6s of ’89f
do
water 6s, Co. 1907 +
do
5s
Jeff. M.&l.lstm. (I&M) 7b,’81+
do
2dm., 7s
1
do
1st m.,7s, 1906....+
Loni8V. C. & Lex. 1st m.7s,’97+
Louis.* Fr’k.,Louisv.ln,68,’8i
Loulsv. & Nashville—
Leb. Br. 6s,’86
+
'
105%
105
November 20,
531
THE CHRONICLE.
1880.]
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
U• 8. Bonds and active Railroad Stocks are
Alabama—Class A,2to 5...
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
,
Arkansas—6s, funded
7b,
7s,
7s,
7s,
7s,
L. Rock & Ft. Scott iss.
Memo. & L. Rock RR .
L. R P. B. & N. O. RR.
Miss. O. & R. R. RR...
Arkansas Central RR.
Connecticut—6s
Georgia—6s
7s, new
7s, endorsed.
7s, gold
Louisiana—7s, consolidated
Michigan—6s, 1883
Missouri—6s, due 1882 or ’83
6s, due 1886
6s, due 1887
77
6s, due 1888
15
6s, due 1889 or ’90
8
’o"
Asylum or Univ., due ’92.
9
Funding, 1894-95
8
9*
Hannibal & St. Jo., 1886..
do
do
1887..
8
8% New York—68, gold, reg.,’87
6s, gold, coup., 1887
107*4 109*4
106
6s, loan, 1883...
6s, do 1891
110*4 iii*4
no
6s, do 1802
.
113
6s, do 1893
50% 51*4 North Carolina—6s, old,JAJ
no
105
6s, old, A.& O
69
RAILROAD
Albany A* Susquehanna —
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids A No...
Cedar Falls & Minnesota...
Central Iowa
do
1st pref
do
2d pref
66*4
§33*4
§77
City
Frankfort & Kokomo
Harlem.....
§192
§42
Ina Bloom. & Western
Intern’l & Gt. Northern —
42*4
Keokuk & Des Moines
do
pref.
do
46
§40*4
113
118
173
115
120
176
New bonds, J. & J
do A.AO
Chatham RR
108%
108*
111
111
107
119
120
122
31
31
115
115
90
90
11
11
19
19
120*4
Consol. 4s, 1910
Small
33*
Ohio—6s, 1881
6s, 1886
Bid.
120
T
t
South Carolina63, Act Mar. 23, 1869. >
Non-fundable
>• **
Tennessee—6s, old
.
f
12*4
3
3
3
80
80
103
110
class 2
class 3
do
do
_
3%
Special tax, class 1
Terre Haute A Indianapolis
Texas & Pacific
Toledo Peoria & Warsaw..
United N. J. RR. & Canal ..
Peninsula, 1st m., conv..
6s, new
6s, new series
12%
20% ‘ Virginar—6s, old
6s, new, 1866
20*4
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
4*4
6s, consol., 2d series
6s, deferred
D. of Columbia—3'65s, 1924.
/t
-
Registered
-
...
Funding 5s, 1899
*
do
§82
119
Wells, Fargo & Co
112
American Coal
American Union Telegraph
Boston Land Company.
Boston Water Power....
Canton Co., Baltimore..
Caribou Consol. Mining.
Central Arizona Mining
Central N. J.Land Imp.
Climax Mining
Colorado Coal & Iron...
1st mortgage,
do
do
do
53
35
Denv.&R.
do
1
1st cons,
§19
§56
22
220
122
13%
•
Stormont Silver Mining....
§ 4*4
•
•
•
Sinking fund
Joliet A Chicago, 1st m...
Louis’a A Mo., 1st m.,guar
2d 7s, 1900.
do
St. L. Jack. & Chic., 1st m.
Miss.Riv.Bridge,1st,s.f,6s
Chic. Bur. & Q.—8 p.c., 1st m
Consol, mort., 7s
5s, sinking fund —
Chic. Rk. I.A P.—6s, cp.,1017
6s, 1917, registered
Keok.A Des M., 1st, g., 5s.
Central of N. J.—1st m., ’90.
1st consolidated
do
assented.
Convertible
assented
Adjustment, 1903
Lehigh & W. B., con., g’d..
do
assent’d
Am. Dock & Impr. bonds.
do
assented
bic.Mil.& St.P—lst.8s,P,D
'2d mort... 7 8-10,
P.D..189S
Prices nominal.
Grande—1st,1900
1910
1st cons. 7s.
43%
44"
99" IOO"
105
....
***••••
109
110
112
gold 7s, 1920
Lake Shore—
Mieli S. & N.
109*4
•
•
•
lst6s,Peirce,C&()
Equipm’t 7s, ’95
South Pac. cf Mo.—1st m.
Texas & Pac.—1st, 6s, 1905.
do
do
120
115
108*4
Consol. 6s, 1905
Income and land gr’t, reg.
1st Rio Gr, Div., 6s, 1930.
117%
....
106
•
•
•
• •
•
Pennsylvania RR—
•
Pitts.Ft.W.& Chic., 1st m.
do
2dm..
do
do
do
3d m..
Cleve.& Pitts., consol., s.f.
do
4th mort...
Col. Chic. & I. C., 1st con..
do
2d con...
do 1st Tr’t Co.ctfs.ass.
do 2d
do
ass.
do 1st
do
suppl.
109*4
107
105% 105*4
„
72%
42%
125
102
110
*
....
....
lli"
105
do
do
do
do
....
115
111
....
4.
311*4
120
79*4
68
103%
104%
„
Ind., s. f., <s.
fund..
do
income....*,.
Belleville & So. Ill., 1st m.
113" St. P. M. & Manit’a—1st, 7s.
2d mort., 6s, 1909
79% Tol. Peo. & W.—
Pur. Com. rec’pts, 1st,E.D
104*'
1st mortgage, W. D
104*4
Burlington Div
no
pref. inc. for 2d mort.
lstpref. inc, for consol...
Wab.St.L.AP.,gen.,Gsl920..
Wab. RR.—Mortg. 7s of ’79.
T.AWab., 1st ext.Ts,
1st
109*4 110*4
....112
*108
110
113%'
122
cons,
cons,
cons,
cons.
coup., 1st
reg., 1st.,
coup., 2d.
reg.. 2d .
126*4
125
120*4
120*4
127*4;
•
.
.
...
.
do
2d 6s. 1899....
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 183?. q. f. ■■
+ And accrued interest.
t No price
93
126
107
Gt. Western, 1st m., ex cp
do 2d m.,7s,’93,ex cp
Q. & Tol., 1st, 7s, ’90,ex cp.
jC.St.P.A M’s L. Gr.,In.0s,’98
gld,’71
128
112*4 113
98%
108
114
Long Island—1st mortgage.
do
2d mortgage.
V
108% Midland of N. J.—1st, new.
Income, “ A ”
94*4 96%
“B”
do
80% Si
N.Y.AGreenw. L.—lst.'s, n.
83% 84*4
do
2d
New Jersey So—1st, 0s. new
St. Joseph A Pacific—1st m.
2d mortgage
St. Jo. A Western stock
St.L.VandaliaA T.H.—1st m
2d mortgage, guar....
105
,
100
.
.
T
.
99% 105
71
74
95
95% South Side (L. 1.)—1st mort
Union A Logansport—?s—
U. Pac.—South Branch
139
130
;125*
u
—
{
73%.
74
10
6*4
45
13
88
§44
35
17
110
108
102
106
99
50
106
105
108
95*
27
80
115
110
95"
65
110
75
35
112
85
75
11
9
50
17
95
84
30
19
105
112
105-
(Brokers' Quotations.)
112*4
STATES.
So.Carolina—Con., 0s (good)
70
*....
Brown cons
08
99
Texas—6s, 1892
M.AS. + 106
7s, gold, 1892-1910 .. J.A J. -Hi 4
7s, gold, 1904
J.A J. + 115
47
Virginia—New 10-40s
105"
...
::::!
118*4}
105%
110
Past-due Coupons.—
Tennesssee State coupons.
So. Carolina consol., valid..
Virginia coupons
do
consol, coupons...
120
112
101
141
141
142
•
•
•
•
.
.
.
*77"
*77
97
95%
105
113
114
107
111
100% 106%
108
„
....
99,
106
105
122
118*4
120
109*
107*
94
93*4
C8
55%
87
87*4
50'
J
90
117
116
47*4
25
26”
93
Atlantic A Gulf—Consol— +106
Cent. Georgia—Cons, m., 7s 115
107
g^ock
Charl’te Col.A A.—Cons., 7s 107
95
2d mortgage, 7s
44
Stock •«••••• ••••#•• .«•«••••
116
109109
99
45
ctfs.var
••••«••
100
102
RAILROADS.
Ala. AChat.— Rec’rs
98
15
100
15
101
10S
115
92
111%
iii"
this week.
56*4
Southern Securities.
no
^
105
85
Kansas A
2d mort
[ndianap.A Vine.—1st,7s, gr
Nebraska—1st m.
122
123
70
110
85
55
105
70
30
2d mortgage
Ill.A So. Ia., 1st m.7s,ex cp *102
Hannibal & Naples, 1st 7s
St.L. K.C & N.It. E. A R.,7s 109
Omaha Div.. 1st mort., 7s 313
95
Clarinda b., 6s, 1919
.IlChic.A Fast’n Ill.. Inc.,1907.
lTd’s Bl. A W’n—Inc.. 1010..
24*4
114% 114*4 Gr’nd It. AInd.—lst,7s,l.g.gu
113*4 114
1st, 7s, Id. gr., not guar...
118%
1st, ex. 1. gr.,7s
118
Indianapolis A St.L.—1st, 7s
106*4
t
44”
«6
..
..
104%
87
(Brokers' Quotations.)
10lT
to-day; these are latest quotations made
6s. accum’lative
Stock
Galv. Hous. AII.—7s,
104
70
Miscellaneous List.
Equipment bonds, 7s, 1883
Consol, conv., 7s
.
t
...
101%
98%
67%
68
Evansv. div. Inc. 1920
St.L.I.M.AS.—1st 7s,prf .int.
....
....
119
133'
123
56*4
107% 108%
106% 107%
X
.
Ohio Central—Inc., 1920—
Peoria Dec & E’ville—Incs.
2d int.,
86
81
44
N.Y.LakeE.AW.Inc. 6s,1977
80
70
1st St. L. div.7s,ex raat.cp.
2d mortgage ext., ex coup
125
128% 129% Louisv.&Nash.—Cons.m. ,7s 120
*104
106
2d mort., 7s, gold
*10S
124“ 125
Cecilian Branch, 7s
St.Chas.B’dge.lst, 7s, 1908
104*4 105 ‘
N.O. & Mob.,lstGs. 1930..
124*4
North Missouri. 1st m., 7s
E. H. & Nash., 1st 6s, 1919 100
99%
105% 106*4 West. Un. Tel.—1900, coup.
Gen. mort., 6s, 1930
118*4 119
1900, registered
Nashv. & Decatur, 1st, 7s. 114*4' 117
106*4 Spring.V’yW. Works—1st 6s
112% 113 ' L. Erie & West.-lst 6s, 1919 106
104*4i;Oregon R. & Nav.—1st, 6s..
Laf. Bl.&Mun.—1st 6s. 1919 104
98
INCOME BONDS.
Manhattan Beach Co. 7s, ’90
119%
109
!N.Y. A Man. Beach 1st7s,’97 *.... 107*4 'Central of N. J.-1908
115
....<!
Chic.
St.L.&N.O—
2d m. 1907
125
Marietta & Cin.—1st mort..
Col.Chic.&Ind.C.,inc.7s,1890
114%
1st mort., sterling
103% 104
119
Metropolit’n Elev—1st,1908 103% 103% Cent. Iowa coup, debt certs.
t.
52*4
2d pref. debentures
Sd
do
4th
do
....
1
105
110
Buffalo & State Line, 7s.. *102*4
119
Kal’zoo & W. Pigeon, 1st.
Det.Mon.A T., 1st, 7s.’1906 118
*120
Lake Shore Div. bonds...
•
-
7s.
do
new bonds.
Cleve. P’ville & Ash., 7s
Buffalo & Erie, new bds...
73
42%
86"
Bost. &N..Y
104%
St.L.Va.&T.IL, 1st g.7s,r97 *118
do
2d 7s, 1898
100%;
123
do
125%
2dgtd.7s, ’98
74*4
95 ! Rome Wat. & Og.—Con. 1st.
109%
St.. L.&Iron Mount’n—1st m 117%
.104%
110*4
2d mortgage
110*4
Arkansas Br., 1st mort... 109
111
110*4
Cairo & Fulton, 1st mort.
115
116
Cairo Ark. & T., 1st mort. 107
112
*114
St. L. Alton & T. H.—1st m.
108
91
2d mortgage, pref..v
97
1916 123*4
100
-
Cleve. & Tol., sink.
74%
RAILROADS.
Air-L—1st m. +105
116% 116% Chic.ACan.So.—1st m.,g.,7s
40
111*4 Chic. A E. Ill—S. F.c’y 1907 104
103
Chic. A Southwest.—7s, guar 111
99% 100% Cin. Lafayette A Ch.—1st m
95
104% 105
Cin.A Spr.—1st, C.C.C.AI.,7s 108
102
*98
1st m.,g’d L. S. A M. S.,7s. 115
Erie A Pittsburg—1st m., 7s +100
114
114%
105
Con. mortgage, 7s
*107
90
7s, equipment
..
105*4
Evansv. A Crawfordsv. -7s. 103
Flint A Pere M.—8s, I’d gr’t 102
106% 107
91
Consolidated 8s..
.
St.L. & S.F., 2d 6s.class A.
do
3-6s, class C.
do
3-68. class B.
....
125% 126% j
Ill.Cent.—Dub.&Sioux C.lst
Dub. & Sioux C., 2d div...
Cedar F. & Minn., 1st m..
Ind. Bl’m & W.—1st, pref. 7s
1st mort., 7s, 1900
2d mort., 1909
Ind’s Decatur & Su’d 1st 7s
Int. & Gt North. 1st 6s,gld.
Railroad Bonds.
Income
•
1Qn
1st, reg. *130
1st mort., Waco & N.,
2d C., Main lino, 8s
2d Waco & N., 8s
Inc. and ind’y, 7s..
54
....
23"
Chesap.& O.—Pur. m’y fund
6s, gold, series B, int. def.
6e, currency, int. deferred
Chicago & Alton—1st mort.
2d mort
N.Y.L.E.AW.,n.2d,con.,6s
do 1st, con.,f, cp.,7s
do 2d,con.,f.cp.,5s,6s
Han. & St. Jos.—8s, conv...
Hous.ATex. C.—lst,m.l.,7s
1st mort., West. Div., 7s..
28
Standard Cons. Gold Mining
Iowa City & West’n,lst7s
Central Iowa, 1st m.7s, 1899
116*4
119*4
107*4
112*4
extended.
Coup., 7s,’94 *113%
Reg. 7s, ’94. 114
118*4
Long Dock bonds
Buff. N.Y.A E, 1st m.,
§32*4
200
120
12
Stock Exchange Pi'ices.
Balt. AO.—1st 6s,Prk.b.l919
Boat. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Minn.A St. L., 1st, 7s, guar
*107*^
100*|
80%
67*4
107
Kansas Pac.—
1st m., 6s, ’95, with cp.ctfs
1st m.. 6s,'96,
do
Den. Div. 6s ass. cp.ctf...
do
consol.
6s
1st
Pacific RR. of Mo.—1st m.
2d mortgage
.
13*
100*4
85
74%
grants, 7s....
Sinking fund
Registered. 8s
Collateral Trust, 6s
120
135
118
70
107*
107*4
registered
107*4
Land
Den. S. P. & Pac.,1st 7s, 1905
125
5*4 Erie—1st mort., extended.. 106%
2d mortg., ext’n 5s. 1919..
107%
3d mortgage, 7s, 1883
105%
4th mort. Ext., 5s, 1920...
*113-v
oth mortgage, 7s. 1888 —
§2*4
*4
pref
132
115
1891
do
Co. §126
Silver Cliff Mining
116*4
45*
45*
11*
116% ii?"
Union Pacific—1st mort..
125*
1st con., guar
Rens.A Saratoga, 1st,coup *130
*igo
40
31*4
Montauk Gas Coal
N. Y.&StraitsvilleCoal &Iron
N.Y.& Texas Land, limited
Ontario Silver Mining..
115
121
Susqueh., 1st m
do
do
§26*4
San Joaquin Branch...
Cal. & Oregon, 1st
State Aid bonds
Land grant bonds
Western Pacific bonds.
South Pac. of Cal.—1st m.
107
102
119
§36*4
§7*4
Mariposa L’d A Mining Co.,
do
do
pref
Maryland Coal
101%
7s of 1871.
1st con.,g’d..
Albany &
...
106
bonds, 1900 *108
constructs
Central Pacific—Gold bds.
106%
Del.&Hud.Canal—1st m.,’84
§64%
50*4
§2%
§8%
Consolidation Coal of Md..
Cumberland Coal A Iron....
Oregon Railway & Nav.
Pennsylvania Coal
Pullman Palace Car
53*4
114
Pacific Railroads—
107
2d mort...
do
do
do
do
do
120
66
65*4
52*4
Springfield div —
105*4 Ohio Cent., 1st m., 6s, 1920.
do 1st Ter’l Tr.,6s,1920
Peoria Dec. & E’ville, 1st 6s
Evansv. div.,1st 6s, 1920..
120
44
41
27
27
27
95
69
28
100
100
....
118
1st m.,
.
Ch.St.P.&Min.,1st 6s,1918
N.Wisc., 1st M., 6s., 1930..
St. P.A Sioux C.lst 6s,1919
Del. Lack. & W — 2d mort.
7s, convertible....
Mortgage 7s, 1907.
Syr. Bit gh. A N. Y., 1st, <s
Morris A Essex, 1st m
§S7
Affftms Express
American Express
United States Express..
1st m.
4
48
08
Consolidated...
2d consolidated
*120*
3*
45*
AND BONDS.
STOCKS
Nash. Chat. & St L.—1st 7s
117% 118
104
104%
118*4 N. Y. Central—6s, 1883
112
6s, 1887
104
96
6s, real estate
104
105%
6s, subscription
N. Y. C. AHud., 1st m.,cp. 134
*133
1st mM reg
do
107*4
Huds. R., 7s, 2d m., s.f.,’80 112
99% 99%
Canada South., 1st, int. g.
132
133
Harlem, 1st m., 7s, coup.. 131
132%
111
do
1st m., 7s,reg....
116
112
116%
N. Y. Elevated—1st, 7s, 1906
100
126
Nevada Central—1st m. 6s
118
126*4
f’d
Ohio & Miss.—Consol, s.
108
108
*122
Aik.
Cen*?—Continued
Equipment bonds....
6s, 1909
121% M0.K.& T.—Cons.ass.,1904-6
2d mortgage, inc., 1911 —
125*
H. & Cent. Mo.. 1st., 1890.
Mobile & Ohio—New m., 6s.
118
do
2dm...
123
123*4
C. C. C. & Ind’s—1st, 7s, s. f.
117
Consol, mortgage
till
C. St.L.& N. O.- Ten. lien 7s
till
1st con.7s
C. St. P. Minn.& O’aCons.Gs, 104%
Miscellaneous St’ks.
Deadwood Mining
Elk Lick Coal
Excelsior Mining
Homestake Mining
La Plata Mining
Leadville Mining
Little Pittsburg Mining
Mich.
m.,
Chic. & Mil., 1st
Winona & St. P.,
Stoningt on
1868
do
JVISCELIjANEOITS
AND
Coupon gold bonds
Registered gold bonds....
Sinking fund
do
registered..
Iowa Midland, 1st m., 8s..
Galena & Chicago, exten
Chicago..
St. Paul A Duluth
do
do
pref.
St. Paul Minn. A Man
do
Funding act, 1866
114
1st mortgage
N. Y. Elevated
N. Y. New Haven & Hartf.
N. Y. Ontario & West.,pref. §72
Peoria Decatur & Evansv.. §26%
Pitts. Ft. W. & Chic., guar. §124
do
spec’l.
do
Pitts. Titusville & Buffalo.. §33*4
125
130
Rensselaer & Saratoga
§24
Rome Watertown A Ogd...
do
no
in
Chic. & Pac. div.. 6s,1910..
Chic. & Northw.—Sink. f’d.
Int. bonds
Consol, bonds
Extension bonds
20
Memphis & Charleston
Metropolitan Elevated
Quicksilver
A.A O
coup, off, J. &J.
coup, off, A.A O.
do
do
do
SECURITIES.
Rhode Island—6s,coup.’93-9
Ask.
.
No. Car. RR., J. & J
109*
109*
7s. $ g’ld,R.D.,1902
m.,LaC. Div., 1893....
m., I. & M*, 1897
m., I. & D., 1899
m., C. & M., 1903
Con. sinking fund, 1905...
2d mortgage, 1884
1st m., 7s. I.A D.Ext.,1008
3.-west div., 1st 6s, 1909..
1st 5s, LaC. & Dav., 1919.
1st So. Minn. div. 6s, 1910.
1st m., H. & D.. 7s. 1910...
1st
1st
ist
ist
1st
140* *
Chicago & Alton, pref
Cin. Ind. St. L. A Chic
Clev. A Pittsburg, guar— §125*4
Louisv. N. Alb. &
Bid.
SECURITIES.
N. Carolina.—Continued..
Ch.Mil.A St.P.—Continued.
Mailroad Stocks.
(Active previously quoted.)
Long Island
Ask.
104
109
115
7s, 1800
Dubuque & Sioux
Bid.
SECURITIES.
Ask.
Bid.
be*
may
BONDS.
STATE
SECURITIES.
Prices represent the per cent value, whatever the par
quoted on a previous page.
East Tenn. A Georgia—6s..
E.Tenn.A Va.—6s.end.Tenn
E. Tenn. Va. A Ga.—1st, 7s.
Stock
100
100
113
105
116
106
115
Stock
Greenville A Col.—7s, 1st m. 103
103
7s, guar
100
Macon A Aug.—2d, endors
102
Mem phis A Cha'ston—1st,7s
101
2d. 7s
.
..
41
Stock
Mississippi Cent.— Istm. 7s 101
109
2d mort., 8s
130
Miss. A Tenn.—1st m., Ss, A
+110
1st mortgage, 8s, B
112
N. O. A Jacks.—1st m., 8s.
Certificate, 2d mort., 8s... 114
Norfolk A Petersb.—1st, 8s. 103
103
1st mortgage, 7s
110
2d mortgage, 8s
Northeast., S. C.—1st m., 8s. 128
118
2d mortgage, 8s...
Rich.A Dan.—1st ccnsoL, 6s 107
Southw. Ga.—Conv ,7s, ’86. 100
105
Stock «••••■•••••«• t« ••••••«•
105
S. Carolina RR.- is m., 7s.
9
Stock
90
7s, 1902, non-enjO' ned —
39
Non-mortg. bonds
113
West Ala.—1st mort.,8s....
112
2d mort.. 8s, gua,*
Georgia RR.—7s
6s
"NT. P.—ty»
TOO
§ No quotation tO’d2j; latest sale this
115
115
118
118*
110
107
42
108
111
108
116*
132
109*
11*6*
110
12
95
44
114
114
104
week.
C HRONICLE
THE
f 82
NEW YORK
Bank
!
C<">MPANIK>.
<*;!
Mark’d thus
are cot Nat’!.
Capita l.
[Vol. xxxf.
SECURITIES.
LOCAL
Stock List.
SurplusJ
Insurance Stock List.
[Quotations by E. S. Ba.ii/by, Broker,7 Pine Street.]
Price.
1 IVIDKNDS.
latest:
dates. 5
at
i
\mount
"
Period
1878. 1879.
Net
Bid. Ask.
Last Paid.
Capital.
.
!0o 3,000.0001 1,579.700 1. & J
8
7*4 duly,
6
(5
Nov.
Am. Exchange 100 5,000,000! 1.524,400 M.&N.
100
I
1
11
10
vY.
J
250,000
i
V-9,5001
| July,
Bowery
25 1,000,000 1,252.500! I. & J.
1(5 I dulv,
1(5
Broadway
j
Ju y,
0
95 0-)01 J. & J.
Butchers'& Dr.| 251 300,000
7
300 20-1 J. & J.
1 lalv,
7
Central
i 100 2,000,000
3
!
100
300,000
Chase
78.000
I
Sept.
6
(5
Chatham.
Jmy,
| 25 j 450,000 104.900 J. & 3.
100
100: 300,000 3,42* 800 Hl-m’ly 100
Nov.
Chemical
0
(5
Citizens’
1 25' 000,000 174.000! J. & J.
duly,
10
Nov.
Cltv
1100 1,000,000 1,5‘ 5.0 )u M.&N. 10
8
8
duly,
Commerce ....|100 5,000,000 2,838.900 J. & .7.
100
1,
o«.
J.
&
3.
»0,000
Continental.,..
232,100'
3k> duly.
10
Aug.
Corn Exch’ge*.! 100 1,000,000
8-4,400 F.& A. io
r
a
05,000 1. & J.
East River ...! 25! 250,000
duly,
Sy
11th Ward*
i 25; 100,000
duly
14,700 J. & ,T
0
6
150,000
Fifth...
i 100'
45,100 J. & J.
duly,
100!
100,000
233.300
Fifth Avenue*.,
120
12
Oct.,
First! 10*i
500,000 2 222,300 Q-J.
0
100 3,200,0011 1.011.900 I. & J.
(5
duly,
Fourth
7
Fulton
Nov.,
! 301 000,000 387.200 M.&N. 10
.
,
.
i
#
•
*
•
-
....
Par.
’80. 384
135
’80. 38b 119
’80.
’8'.
’80.
’SO.
4
’80. 3
'80. 3
132
’80.15
1719
1 2C0
’80. 386
.
7
325
•
(5
..
Pacific*...
422,700
50;
...
Park
100 2,000,000
25i
412,500
20 1,000,000
50! 125,0'0
People’s*
Phenlx
Produce*..r
Republic
St. Nicholas...
100
100
100‘
100:
1,500,001
nOO/'OC
Seventh Ward.
300,001
Second
300,000
Shoe & Leather 100' 500,DUG
Sixth
100' 200,000
State of N. Y.. 100
800,001
Third
100 1,000,000
Tradesmen’s... 4011,000,000
Union
50:1,200,000
West Side*....
100
200,000
..
22(5,50C
Q-F.
(537.900 J. & 3.
122.900 3. & 3.
20(4,000 3. & J.
13(5 300
.
7y>
.\uly’ ‘80. 4
8
duly. ’80. 4
3
2U
.In
4
6J-6
10
12
5
7
8
8
784
....
...
1*40
3
384
3
384
5
3
3
4
78
102
•
‘
i35
130
100J4
150
’.52
95
140
;;;;
140
7
109
109
duly, ’80. 3,4
8
3h‘5r,"80. 4
10
Nov.,‘80. 2k
0
.July, '80. 4
7
duly, ’SO. 386
3
100
July, '80. 3
duly, ’74. 38b
(>84 Aug.,’80. 4
3 u-y, ’SO. 386 iio
3
id
10
0
3
5)
10
10184
8
duly, ’80. 5
lu y, ’SO. 4
8
(5
0
7
3
7
...
7
8
12
746
10
8
duly,’80
3
Nov. ’80.
Ju v, ’80.
38b
386
duly, ’80.
Nov.. '80. 5
in
.
.
115
Ju;y, '80. 0
....
i
153
|
...
'.
Sterling
Stuyvesant
100
100
25
Tradesmen’s.... 25
25
United States..
10
Westchester...
50
Williamsh'g C
Star
for the National hanks
City Railroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss, Broker, 19 Broad street.]
Gas Companies.
Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
25
20
..
bonds
do
Harlem
certificates
Mutual, N. Y
do
bonds
People’s (Brooklyn)
Bond?
1,000,000
5,000,0001
1,000,000
1,000,000
700,000
4,000.000
1,000,000
375,000
125,000
1,000
Bonds
Central of New York
Williamsburg
do
2,500,000|
25
Va-.
100
10
scrip
\
5
Municipal.
100
7
3
105
M.&N.
3. & 3.
M.&N.
7
0.
&N.
v
&N.
1st mortgage
100
900,000 J. & J.
1,000
094,000|J• & J.
2,100,0001 Q-J.
100
Broadway & Seventh av- St’k
1,000
1st mortgage
10
1st mortgage
1,000
100
Broadwav (Brooklyn)—Stock
100
Brooklyn & Hunter’s Pt.—St'k
1st mortgage bonds
1,000
100
Bushwick Av. (B'klvn)—Stock.
100
Central Pk. N. & E. kiv.—Stock
Consolidated raort. bonds
j 1,000
..
—
1,500,000 -J.&D.
2,000,000 Q-F.
300,000 M.&N.
200,000 Q-J.
400,000 A.&O.
300,000 3. & J.
500,000 J. & J.
1,800,000 Q-J.
1,200,000 3. & D.
•
..
.
*
^
*
.
..
*
This column shows last dividend
on
♦
•
•
-
185
140
104
.
92J>4
105
2iy
75
104
U/
c
521,6
98
I
10
14
10
12
12
sy
10
10
11
10
20
10
20
July, ’80. 5
Au*., ’80. 34)5
i u y, ’80 5
.July, '80. 5
July, ’80. 5
Aug., ’80. 5
July. ’80.10
110
32
102
85
05
Croton
do
Aqued’ct stock.1865.
pipes and mains...
repervoir bonds
Central Paik bonds. .1853-57.
do
no
..1853-65.
Dock bonds
1870.
1:75.
do
Market stock
1865-68.
1o
.
ImprDvementstock.... 1869
....18t9.
Consolidated bonds
var.
Street imp. stock
var.
do
do
var.
New Consolidated
Westchester County
....
Consolidated
,
do
.
Oct., ’SO 102WT05V6
Months
•
100
105
100
•
•
•
•
120
...
.
•
•
•
115
70
135
170
90
140
65
114
400
70
141
191
•
•
a
i20
105
80
121
75
140
105
155
»«•»
•
•
•
125
108
70
115
’.05
•
160
109
100
115
00
....
160
113
220
116
ISO
115
125
80
75
•
•
•
00
130
110
80
....
108
120
1125
200
l....
no
Price.
Payable.
a..
Water stock
1841-63.
Croton water stock. .1845-51.
do
..1852-60.
do
13
98
Sept..’83
Oct., ’80 150
July, ’90.110
Aug.,'80,170
duly, ’90 104
Aug.,’SO 120
May. ’93 105
•
•
Bonds
...
f
12y
INTKRK8T.
21
102
105
115
105
103
170
H55
110
102
150
140
95
100
7
1888
102k> 105
90
Nov.,
’80
100
284
2
Oct., ’80 108
110
7
Dec. 1902 108*4 112
286 Aug., ’80 l 75
80
7
1398
100
110
O
140
100
Aug., ’80
7
U5
.June, ’93 110
3
Oct.
’80 105
180
7-. Jan., ’81 100
110
0
180
xov., ’80 170
7
110
115
Apr., ’93
30
35
7
Nov.1901 100
105
30
7
105
duly, ’94 100
244 duly, ’80 85
100
7
10246
Apr., ’85
.
250,000
Bate.
vf
.
135,014 1746
35,182 ! 10
143,3"2 (16
94,8(55 20
221,374 110
122,964110
437.314!20
500,000
200,000
200,000
300,000
250,000
300,000
'
Broadway.]
.
•
•
[Quotations by Daniel A. Moran, Broker, ST Pine Street.]
•tf..
....
•
.
City Securities.
5)8
0
75
3
’80 55
18s July. ’80 57 y Oiy
ri
I90i)
101
104
62
28b duly, ’80 00
5
177
Sept., ’80 175
1888
105
110
75
78
100
070,000 F.& A.
: 1,000
Bonds
250,000 I. & 3.
100
1,200,000 Q-F.
Dry Dock E.B.& Batt’ry—Stock
500&C.
1st mortgage, consolidated
900,000 J.&D.
100 1,000,000 Q-J •
Eighth Avenue—Stock
1,000
1st mortgage
203,000 J. & J
100
42d St. & Grand St. Ferry—St'k
748,000 M.&N.
1st mortgage
1,000
230,000 A.&O.
100
Central Cross Town—Stock —
600,000
1,000
200,009 M.&N.
100
Houst.West St.& Pav.F’y—St’k
250,000 1
500
1st mortgage
500,000 Jj & 3
100 1,199,500 J. & J.
Second Avenue—Stock
3d mortgage
1,000
150,000 A.&O.
1,000 11,050,000 M.&N. 7
Consol, convertible
c-OO&C
Extension
200,000 M.& S. 7
100
750,000 M.&N. 10
Sixth Avenue—Stock
1st mortgage
1,000
500,000 J. & J. 7
100
Third Avenue—Stock
2,000,000 Q-F. -5
1st mortgage
:... 1,000 2,000,000 J.& J. 7
100
000,000 F.&A. 1 4
Twenty-third Street—Stock.
250,000 M.& N. 7
Christopher & Tenth St.—Stock
•
,
•
Over all liabilities. Including re-insurance, -capital and scrip,
Surplus Includes scrip.
Minus sign (—) indicates impairment.
t
72y
135
% duly, ’80
7
J’ly,190o
284 Oct.. *80
7
July, ’84
38* Aug., ’80
7
Nov., ’80
3
Oct., ’SO
2
Ov t., ’80
65
105
1 1(50
’80: 100
1897
1900
Ju y,
1
Bleecker St. & Fult. Ferry—St’k
80 180
*8P!
3J4 Nov., ’80
4
Nov., ’80
384 Jan.. ’70
L. Grant. Broker. 145
[Quotations by H
115
04
801 70
1882
103
Feb.
» 0 48.
•28&
M.&N.
*100 1,509,0001
Bid. A 8k.
110
(50
1898
! 00
Feb. ’78 70
July, ’89 150
Oct.,
Aug.,
34* Aug..
184 Oct,
Quar.
3,000,0001
750,000! M*.
*
5
5
F.& A.
Var
1,000,00b! M.
100
Date.
May, *80
284 Aug., ’80
“86
.
1,000,00*1 A.
1,0"0
Metropolitan, Brooklyn
bonds
do
Fulton Municipal
Var.
Var.
A. & ().
F.& A.
I. & J
I. & J.
M.& S.
M.&S.
.
*
Rate.
Period.
M.&N.
4(50,000 F.& A.
1,000,900 Quar.
Var.
50
50
bonds
,200,000!
315,000 ‘
1,850.000|
750,000!
4,000,000!
1,000
Nassau, Brooklyn
do
New York
l
50
20
50
100
V- r.
100
Manhattan
do
2,000,000:
1,C00
i
Jersey City & Hoboken
Metropolitan
Amount.|
Par.
140
,
duly. ’8). 3
....
•
125
....
....
....
0
•
.
-
8
0
•
200
.
...
July, ’SO. 3
*
14
10
20
20
20
20
7<),593j 10
200,000
300,000
200,000
153,000
300,000
210,000
250,000
30,208|
4
'80. 384
’80. 3 4
A tig.
3 u v,
5
•
’S'),
v.
Nov.. ’80.
28b,3uIV. ’79.
3
May, ’79,
7
Tuly, 0*0
586 dulv, ’8o.
7
3ulV, ’SO.
9
July. ’SO.
12
duly,’80.
5
Nov., '80.
8
duly, ’80.
8
Ju-y, ’80.
§ The figures in tins column are of date Oct. 1, 1830,
and of date September 18,1883, for the State banks.
Gas and
3
5
384
8
2
....
3. & 3.
108 500 3. & 3.
1(50.300 |3. & 3.
50.000 ! J. & 3
287,700 M.&.N
17(5,000 J. & 3
279.500 3. & 3
785,4''0 M.&N.
117,7i(J J. & J.
53,000
140
7
....
•
4
8
7
3
....
090.200 ;F.&A.
duly,-’80.
ju V ’80.
0uly, ’80.
Aug., ’80.
8
....
....
’80. 384
2*20
duly, ’SO. 7
14
8
0
..
80
.lu y,
4
3
11
.
.
(5
r*
7
14
8
...:
4
509,510 15
400,000
70,002!
119
2>4
Mac, ‘80. 5
Nov, '80. 3
Nov, ’80. 3
5
3
5
120
'SO. 384’7(5. 3
*80. 3
5
8J4
38->
Bid'. A8k+
Last Pail.
...
•
’SO. 5
’80
*80.
SO.
7W net., ’80.
2',4\ Aug., 80.
1878. 1879.
1877
120
ioy Jvly, ’80. 4
102
10
July. 'SO. 5
195
Ju-:e, ’80.10
421.286! 20
20
200
18
310,040 20
Aug., ’80. 8
190
20
20
July,
218,712
’80.10
195
20
July, ’80.10
487,598 20
120
Aug., *80. 5
171,757 i?y 10-72 10
12
11
103,725 18
Juiy. ’80. 5
60
N’ne
duly. ’77. 5
2,800 5
300i000
97
18
10
duly, ’80. 4
83,872 25
200,000
1,000,000 1,159,6(51 12'50 13 40 13-65 July, ’80.6-92 LOO
40
590.418 20
20
15
Oct., ’80. 746 210
Eagle
300,000
10
10
duly, ’so. 3y 95
72,970 14
Empire City.... 100
200,000
100
30
10
10
91,889 15
Aug.,’80. 5
Exchange
200,010
9M
dulv.
eiX'-l *25
ofin
nnn
50
15
137,200 15
15
Farragnt.
17
10
Firemen’s
12
v>y duly, ’80. 3>6 97
204,000
105
11
11
Firemen’s Tr.. 10
73,739:12
July, ’80. 5
150;000
110
7
144,427
duly, ’80. (5
Franklin&Emp: 100
200,000
145
10
10
German-Ainer. 100
duly, ’80. 5
1,000,000 920,950:10
143
50
14
22
Germania
July, ’SO. 5
1,000,000 807,30,8'30
124.467
90
no
10
10
50
’900
nnn
Globe
July, ’80 5
25
30
80
Greenwich
350,187 i 40
July, ’80. 74? 250
200.000
60
7
7
Guardian
100
23,833' in
July. ’80. 3
200,000
130
17 y \2y dulv. ’80. 5
Hamilton
15
150,000 132,682, 20
105
10
20
Hanover
50
July, ’80. 5
500,000 730,285 10
80,
10
10
43,714 10
Hoffman
50
(uly. ’80. 5
200JJO0
134
10
10
July, *80. 5
Home
100
3,000,000 1,366.888 10
10
2,244 10
25
sy dan., ’?9. 3>b 58
Hope
lf-O.OOO
no
10
5
dulv, ’80 r 5
50
150,228; 12
Howard
500,000
95
10
10
74,418 j 2
duly, ’80, 5
Importers’* T.. 50
200,000
Ju
65
10
11,179 13
y, ’80. 4
100
sy
Irving...
.
200,000
130
10
10
292,229 in
Mar.,’80 5
Jefferson
•L 30
200,010
185
20
20
duly, ’80.10
Kings Co.(Bkn) 20
150,000 197,196 20
55
5
bin.. ’79. 5
5
7,817 10
Knickerbocker 40
280,000
Ju y, ’80. 5
no
16
14
115,730 20
Lal'ayette(Bku) 50
150,000
97
10
10
3uly. ’80. 5
100
Lamar.. .[
6<,097jio
200,000
70
10
10
Juiy, ’80. 4
12,480 10
25
Lenox..;
150,000
117
10
13
duly.
’80.
5
Longl8l.(Bkn;t 50
300,000 243,251 20
70
5
10
July, ’80. 4
25
10
Lorillard
300,000
135
12
12
duly, ’80. 6
Manui.& Build. 100
200,000 198,563 12
10
100
10
duly, ’80. 5
Manhattan
100
250;<)00 140,H12 20
20
ns
20
duly, *80. 0
Mech.&Trad’rs' 25
200,000 2 (1,480 30
Ju
20
150
20
y. 80. 7
Mech’ics’(Bkn) 50
150,000 160,213.20
75
10
10
36,10 L TO
Jury, ’80. 5
Mercantile..
50
200,000
120
13
10
Juiy. -86. 5
Merchants’
50
200,000 174,024 20
!0
115
12
duly, ’80. 5
103,050:18
Montauk (Bkr.) 50
200.000
20
155
20
•July. 80, 7
Nassau (Bklyn) 50
200,000 108,505 20
10
100
10
duly, ’80. 5
National
3716
200,000 102.5(9 14
15
150
20
•juy. ’SO 5
N. Y. Equitable 35
210,000 318,877 20
12
14
105
5
Aug., ’SO.
120,u2- 17
New Yo’rk Fire 100
200,000
50
N’ne
11.882
200,000
N. Y. & Boston 100
0
N’ne
10
19,869
July, ’SO. 3’b 68
New York City 100
300,000
12
11
JUi.v, ’SO. 7 155
50
500,000 570,973 12
Niagara
8
°ct
108
10
’80. 4
112,83! 11
North River.... 25
350,000
20
30
•'Uly. ’80.10 220
25
Pacific
200,000 400,08(5 20
Ju y, ’80. 0
12
12
110
95,537 20
200 00C
100
Park
20
•Ju'y. vo. 8 175
(20
Peter Cooper... 20
150,000 201,388 20
12
Jul , ’80. 5
12
105
98,114 18
50
200,000
People’s
10
15
452,3*7 20
'uly, ’80. 5 122
1 000,000
Pheiiix
10
10
75
July ’so. 5
34,660 10
Belief
200,000
5
sy July ’80. 34b 70
23,118110
300,000
t 100
Republic
20
20
155
du y’ ’80.10
25
200,000 196,294,20
Butgers’
9
50
10
Fe
’ '80. 3
—6,040,10
25
200,000
St. Nicholas
170.30] 12'35 6-23
9T3 !uly,-’80.6-23T2D
50
200,00(
Standard
384
....
Gallatin
j 50! 1,000.000 739,7JO A.& O.
77 000 F.& A.
750,000
German Am.* ! 75
73.00)
German Exch.'j 1001 200,000
May.
200,000
76.030
Germania*
1 100 j
22 20-) M.&N.
Greenwich*. .! 251 200,000
Hanover..... ...TOO 1,000,000
279,300 1. & J.
Imp.&Traders’: 100 1,500,00') 1,94'\800 J. & J.
50
142.9)0 1. & 3
500,000
Irving
!
Island City*... | f 0 i 100.000
4,100 J. & J.
Leather Manuf. j 1001 000.000
449,500 -J. & -1.
Manhattan*
50 2,050,000 7,024.100 F.& A
Marine
124,400 .J. & .J.
100
400.000
Market
100
500,000 2 3 800 J. & J.
Mechanics’
25 2,000,000 1,020 300 J. & J
83.70u M.&N.
Mech. Assoc’n. 50! 500,000
Mech’lcs & Tr. 25' 200,000
42,5 00
200 900 M &N.
Mercantile
100 1,000,000
Merchants’.
50 2,000,000
70!),300 j. &.;.
Merchants’ Ex.
50 1,000,00(1
177.200 -J. & J.
100
02,300 1. & J.
300,000
Metropolis*.
100
3,000,000 1,078,0,!0 .(. & 3
Metropolitan
7(4.900 J. & J.
iod!
loo.ooo
Murray Hill*..
Nassau*
100 1,000,000
73,700 M.&N.
100 2,000,000
New York
747,700 J.& 3.
N. Y. Countv.. mo; 200,000
40,400 J.& 3.
N. Y. N. Exeh. loo! 300,000
84. >00 ! F. & A.
Ninth
100' 750,000 102,400 i.I .v, .1
No. America*.. 70 i 700,000
158.900 I.& 3.
0(4.3. 0 J.&3.
North River*.
30- 240,000
25
Oriental*
300,001
175.700 3. & 3.
American
+ 50
American Exch too
25
Bowery
25
Broadway
17
Brooklyn
Citizens’
1 20
70
Pity....
Clinton
100
Columbia.;
30
Commercial
50
Continental., t 100
8
80. 5
’SO. 4
Amount
Price.
12184
5
’SO. 38b
Ju y 1,
1880.*
145
!
America*
Dividends.
Surplus,
Companies.
cio
Asse3' meut
-
5
5
0
6
7
Feb., May Aug.&Nov
0
Feb., May, Aug.& Nov.
5
0
7
0
7
6
7
0 g0
7
6 g.
7
5
5
do
do
do
do
do
do
May & November.
do
do
do
do
May & November.
May & November.
do
do
do
do
do
-
do
do
do
do
do
January & July.
do
do
Quarterly.
May & November.
Bid. Ask.
due.
100
100
1880
1890
1883-1890
1884-1911
1884-1900
1907-1911
1898
1895
1901
1898
104
306
112
118
108
115
125
115
1894-1897 127
107
1889
115
1890
1901
122
1888
107
102
1882
115
1890
122
1894
107
1920
102
1884
-
,
101
107
109
120
125
120
109
116
126
110
128
108
110
123
108
105
110
123
109
103
[Quotations by N. T. Bbbbs, Jr., Broker, 1 New St.]
Brooklyn—Local lunr’eni’iCity bonds.
do
Park bonds
Water loan bonds
..
.....
Bridge bonds
Waier loan.
City Donas
i
7
7
7
7
7
0
0
Kings Co. bonds
“do
do
Park bonds
Bridge
*A11 Brooklyn bonds flat.
7
0
0
0
January & July,
do
do
do
do
do
do
io
Jo
do
do
do
do
May & November.
do
do
January & July.
do
do
1880-1883 102y 108
118
18o3-l891 107
135
1915-1924!132
130
1900-19241128
131
1904-1912 129
118
1886-1902 109
1881-1890 102
1880-18-83 106
1880-1885 114
1924
119
1907-1910 110
110
111
110
121
119
:
[Quotations by C. Zabkiskib, 47 Montgomery St., Jersey
City.]
..
-
115
106
130
112
stocks, but the date of maturity of bonds.
Jersey City—
Water loan -long,..’
do
January & July.
1869-71.
Improvement bonds
Bergen bonds........1868-69.
7
7
7
January & Juiy.
J. & J. and J & D.
January and July.
!C2
1895
1899-1902 LU
1891-94
1900
’.95
‘.04
103
112
9J0
i.05
November 20,
stem
^uuestwmts
CORPORATION FINANCES.
The Investors’ Supplement contains a complete exhibit of the
Funded Debt of Stales and Cities and of the Stocks and Bonds
of Railroads and other Companies, It is published on the last
Saturday of every other month—viz., February, April, June
August, October and D cember, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
STATE, CITJ AN1)
sold at £2 per copy.
ANNUAL
REPORT3.
Railroad.
Baltimore & Ohio
(For the year ending September 30,1880.)
for the late fiscal year has just been sub¬
mitted, and on all the lines operated by the company shows
an increase of $4,123,759 in gross earnings and $1,484,586 in net
earnings. The aggregate earnings working expenses and net
The annual report
results of the main stein,
Winchester & Strasburg,
including the Winchester & Potomac,
the Strasburg & Harrisonburg, the
Metropolitan Branch, and the Washington City & Point Look¬
out railroads; of the Washington "Branch and the Parkers¬
burg Branch railroads ; the Central Ohio, Lake Erie, Chicago
and Pittsburg divisions ; the Wheeling Pittsburg <& Baltimore
and the Newark Somerset & Straitsville railroads, for the last
fiscal year, as
compared with 1878-79, were as
1879-80.
Net
Earnings.
Earnings.
Pittsburg Division...
Wheeling Pitts. & I>.
1,011,827
50,380
22 1,649
88,259
Earnings.
846,512
630,821
311,454
208,853
506,673
1,153,852
1,598,113
41,193
129,739
8,5!) 1
Net
.
285,006
631,914
371,829
1,003,565
847,221
1,548,994
2,238,481
Newark S. A S. RR...
Earnings.
246,496
314,405
860,160
:
follows
1878-79.
Gross
Gross
Washington Branch.
Parkersburg Bi anch.
Central Ohio Division
Lake Erie Division..
Chicago Division
X
223,674
195,578
272,700
189,114
494,530
732,282
7,598
45,001
$14,193,980 $0,502,334
Total
shows
an
423,256 tons for
659,142 tons over
AND
are
533
CHRONICLE.
THE
1880.]
main stem, with all
The aggregate working expenses of the
branches and divisions, were 56*39 per cent of the whole gross
revenue, being 2*21 per cent more than the
year.
Seven hundred and fifty miles of track of the main stem
and branches east of the Ohio River are now laid with steel
rails. The increased cost of steel thus continuously substituted
for iron rails has been charged to the repair account as uni¬
preceding
formly heretofore.
Taking the main stem and its branches only, it is shown
that the earnings in comparison with the fiscal year 1879 have
increased $2,365,053 and the working expenses $1,533,318,
making a comparative increase in the net profits of $831,735.
aggregate of 2,255,146 tons,
which includes
the company’s supply, being an increase of
the preceding year. Of this quantity, that
transported for the public delivered in Baltimore is 1,641,559
tons, and delivered at local points upon the line 190,331 tons.
CENTRAL OHIO AND SANDUSKY MANSFIELD & NEWARK.
The Central Ohio Railroad was leased by the Baltimore &
Ohio Company on November 21, 1866,
the option of continuing the lease at
term of twenty years thereafter.
On
for twenty years, with
the expiration of each
February 13, 1869, the
Sandusk.y Mansfield & Newark Road was leased by the Central
Ohio Railroad Company as reorganized, under the guarantee of
the Baltimore & Ohio Company, with the same option of con¬
tinuance at the expiration of each twenty years.
the Sandusky Mansfield & Newark Road,
arose
In working
differences
be¬
tween the Baltimore & Ohio and that company in regard to the
agreement. In order to make the terms more definite, a new
contract was entered into on -February 23, 1S80, by which the
lease of the Sandusky Mansfield & Newark Road was extended
to December 1, 1926, and $40,000 paid in the settlement of
accounts to January 1, 1880. This company has, under its
option, extended the lease of the Central Ohio Railroad for a period of forty years, so as to terminate at the same date as
the extended lease of the Sandusky Mansfield & Newark Road.
In extending each of these leases the option is still reserved to
the Baltimore & Ohio Company to continue them respectively
for terms of twenty years perpetually.
The sum paid to the
Company,
Sandusky Mansfield & Newark
in the adjustment
stated—$40,000—is embraced in the working expenses of that
road for the year ended September 30, 1SS0. Instead of
the
the
calendar years of 1880, 1881,1882 and 1883, and $199,350 for
each of the next two calendar years, 1884 and 18S5, and annu¬
ally thereafter $201,850, are to be paid under the present lease
$174,350 per year and fifteen per cent on a portion of
traffic, as heretofore, fixed sums of $194,350 per year for
Road.
of the Sandusky Mansfield & Newark
The excess of net earnings of the
San,dusky Mansfield &.
(Lake Erie Division) over the rental, $19,503, has
:>een credited on account of interest on advances made for the
permanent improvement of that road.
Tli net earnings of the Central Ohio Division were $311,454.
Jnder the lease of the Central Ohio Railroad, tliirtv-five per
Newark Road
cent of the gross earnings are
The loss on this division for
was
$39,793, which has
paid annually to that company.
the year, under the agreement,
been charged in the
profit and loss
account.
The
The
PITTSBURG & CONNELLSVILLE RAILROAD.
earnings for the year ended September 30, 1880, were..
working expenses for the same period were (34-79 p. e.).
Showing net earnings
The earnings were
.
$2,238,481
1,220,054
$1,011,827
$640,368 more than those of the previous
and the expenses increased $360,823, showing net increase
over the preceding year $279,545.
The decrease in the ratio
of working expenses has been 62T00ths of 1 per cent as comThe expenses of working and keeping the roads and ma¬
chinery in repair amounted to $6,056,899, being 53*93 per cent pared with the preceding year. „
Net earnings
$1,011,827
upon the earnings, showing an increase of 2*91 per cent, com¬ After paying tlie interest
078,858
pared with the previous year, and of 1*10 per cent compared
year,
There remains an excess
with 1878.
DEBT AND
SINKING FUNDS.
.made and the
The following statement shows the payments
increments in sinking funds during the fiscal year for
of the respective debts :
Increment of city sinking fund
Increment of sinking funds for tlie redemption of the sterling
loans due in 1895, 1902 and 1910
Payment on account of the principal of debt to the City of
Baltimore for the purchase of its interest in the Pittsburg &
Connellsville Company
fund
The Pittsburg & Connellsville sinking
The Baltimore A Ohio & Chicago Railroad.
fund
1
The Washington City A Point Lookout
Companies sinking
Railroad Company’s
sinking fund
account
$114,771
435/192
40,000
24,494
39,545
5,004
of net earnings of
—which has been credited on account Of
on cash advances made by the Baltimore
$332,908
interest and principal
& Ohio Railroad Com¬
& ‘Connellsville Railroad Company.
pany to the Pittsburg
BALTIMORE & OHIO & CHICAGO RAILROAD
The earnings of these companies, knoWn as the Chicago
Division of the Baltimore & Ohio Railroad Company, for
the fiscal year were
The working expenses for the same period were
(63-41 per cent, being G'27 per cent more than
ing year.)
COMPANIES.
in the preced¬
$1,548,994
982,320
is
$566,673
than in the previous year,
showing a comparative
surplus for credit to tbe account of this Division
The earnings were $395,142 more
whilst the expenses increased $322,999,
The
business
of its
The subjoined exhibits show the reduction of the indebted¬
of
the
stated during the fiscal year :
country through which it passes, and the important centres of
1, 1879.
traffic which it so effectively reaches. The interest paid upon
the
five per cent sterling loan of £1,600,000 taken for account
Sterling debentures due in 1880 and 1881
$2,420,000
Total.
$659,308
.
ness
gain of $72,142. The rapid improvement of the
this line continues, illustrating the advantages
singular directness, low grades, the excellent character
net
upon
REPORT OF OCTOBER
I
Bills
payable
Sterling obligations and loans
,,
REPORT OF OCTOBER
539,000
020,507— $3,579,507
1, 1880.
$968,000
440,000— $1,408,000
Showing a reduction during tlie year of
$2,171,507
Add payments on account of the principal of debt and of the
sinking funds during the fiscal year
659,308
Aggregate reduction
$2,830,815
The profit and loss account shows an increase for the past
year of $2,356,984, and the nominal surplus fun'd, which repre¬
sents invested capital derived from net earnings, and which, is
not represented by either stock or bonds, now amounts to
Sterling debentures due iu 1881
Bills payable
$40,561,642.
TRAFFIC AND TONNAGE.
It is shown by the report of
that the tonnage of through
been 1,980,397 tons, whilst
the Transportation Department
merchandise east and west has
in the preceding year it was
1,425,629 tons ; 59S,992 barrels of flour and 25,962,696 bushels
of grain were brought to Baltimore during the fiscal year.
Of
this
aggregate of grain, 16,409,300
bushels were of wheat and
8,510,456 bushels of corn. In live stock, the traffic has been
165,454 tons, and in lumber brought to Baltimore 54,530 tons.
The passenger earnings exhibit an increase from $1,171,033 in
the
preceding year to $1,379,990.
The coal trade of the main
during the year to $391,031 34,
taxes paid ($53,753 76) being
deducted from the net earnings ($566,673 63) leave $512,919 37,
which have been credited in the interest account of the main
stem, in which is charged the interest paid for the Baltimore
& Ohio & Chicago Railroad Companies’ loan of 1927. While
this powerful line commands from the Northwest a heavy trade
for the Baltimore & Ohio road and its trans-Ohio divisions, it
continues to add immensely to the resources of Baltimore, and
to the strength of its commercial position.
of these companies amounted
and the taxes to $53,753 76. The
Old Colony
Railroad.
30,1880.)
September 30, 1880,
equipment
have
been purchased at various points, and a very important pur¬
chase has been made at Fall River.” * * * “The company has
purchased about 416,484 feet of land and wharves at a cost of
$280,500. A new freight house 329 feet in length and 60 feet
in width, for the local business of Fall River, is nearly ready
for occupancy.
The cost of these lands and buildings has been
(For the year ending September
seventeenth annual report of the Old Colony Railroad
Company, for the twelve months ending
states tliat large improvements on the road and
have been made and charged to operating expenses.
Lands for the use of the# company, costing $3,123,
The
“
%
dedto the
construction accounts.
THE CHRONICLE.
534
[VOL. XXII.
the gross receipts from year to year, with a consequent reduc¬
During the year, 4,000 shares of new stock have been sold
tion of dividends. It is pleasant, therefore, to state that since
for $436,750. The money derived from this source has been used
to.meet, the indebtedness incurred by the purchase of the lands April, 1879, there has been a-gradual monthly gain over the
at Fall River, and to pay the maturing liabilities.
Notes corresponding months of 1878-79, and while the expenses,
amounting to $210,250 have been paid, and of the bonds falling especially the item of taxes, have naturally increased, the
returns of your road show a net gain over last year of a trifle
due October 1, 1880, $127,500 have been retired and canceled.
over one per centum on the capital stock—viz., $43,776.”
* *
For the payment of the bonds, $50,000 has been received from
taxes of the year have been $20,896 in excess of those
The
the trustees of the sinking fund established by the South Shore
Railroad Company.
The outstanding debt has thus been of the previous year, amounting to $81,048, equivalent to two
This high taxation is not likely to
reduced by the sum of $337,750, Of the debt $31,645 is in the per centum on the capital.
form of notes payable, and of this $50,000 has been paid at the be less in the future. The increase has been due to two causes:
first, the higher price of the stock of the road in the market on
date of this report.
“The business with New York has been very large during the first day of May, 1880, over the price May 1,1879 ; secondly,
the year. The rates for both freight and passengers have been the raising of the rate of taxation by the city of Boston by
low, but the profits have been satisfactory. The steamboat $2 70 on the $1,000, from $12 50 in 1879 to $15 20 in 1880. This
rate not only applies to your real estate outside of ‘the loca¬
company, in which our interest is large, has carried a consider¬
tion’
within the limits of the city of Boston, but is the rate
amount
to
its
profit
account,
now
nearly
able
reserved
and is
free from debt. It is proposed to build a new boat, to be in all adopted by the Tax Commissionerof the Commonwealth as the
basis of assessment on the market value of the entire capital,
respects equal to the Providence and Bristol, to be ready to run the tax
being paid by the Corporation.”
upon the line in the course of the next year.
The debt has been reduced since the last annual report by
“During the year the sum of $70,582 has been paid in settle¬
ment of claims growing out of the Wollaston disaster. 1 This the sum of $40,000, and there is no floating debt.
The earnings and expenses for the past two years compare
has been paid out of the surplus reserved for the purpose in
as
follows :
the accounts of last year. All claims have been adjusted. There
1879-80.
1878-79.
are some small amounts still to be paid, the payment having
$1,323,925
Gross earnings
$1,178,238
been delayed by attachments under trustee process or other¬
948,772
Operating expenses
846,862
wise.” * * * “In the next year $265,500 of bonds issued by
Net earnings
the Cape Cod Railroad Company and $125,000 of bonds issued
$331,376
$375,153
The increase in earnings this year was $145,687, and in
by the South Shore Railroad' Company, which have been
aseumed by this company, become due. The directors have expenses, $101,910, showing an increase in net earnings of
already sufficient power, under votes of the stockholders, to $43,776.
The full details of the business of the year show the fol¬
provide means for their payment. They now bear interest at
the rate of seven per cent, and can be funded at a much lower lowing general resnlts: rate.
Gross receipts for the curront year
$1,323,925
Tlic gross receipts for twelve months were
$820,697
$3,518,769 Expenses, exclusive of taxes
The expenses for twelve months
State and local taxes
81,048—
;..
901,746
$2,224,402
Town city and State taxes
92,719— 2,317,122
Net earnings
;
$422,179
I
Net earnings from business
c47,026
$1,201,047 Balance of interest account to September 30
“
“
$331,001
53,100
interest accrued during year
j^ess interest and dividends received
$327,841
Rentals paid
Deficit on lease Union
378,109
.
Earnings, after deducting interest and rentals
Dividend paid Jan. 1, 1880
Dividend paid July 1, 1880
(Credited improvement account
Add for
■
709,380
3,435—
Freight R. Ii
$202,014
$192,2G0
214,014
$0,232
30,750
premiums on stock sold.
$42,982
788,934
Surplus for the year.
Surplus Sept. 30,1879.
$831,910
From which has been charged off:
Balance expenses of Wollaston disaster
$70,582
0,715—
Sundry worthless accounts
77,297
Surplus Sept. 30, 1880
$754,019
“In this surplus account is contained the proportion of the
dividend to be made on Jan. 1, 1881, derived from four months’
earnings of the railroad, and the taxes for, the current year,
which are payable in November. The balance is invested in
supplies and materials necessary for the operation of the road.“In the foregoing accounts are included the earnings, expenses
and rental of the Boston Clinton Fitchburg & New Bedford
Railroad for the year. As our accounts for the year 1879
covered only eight months of the operations of this road, its
earnings and expenses for the remaining four months are added
for comparison.
Gross earnings for the year ending Sept. 30, 1880
$3,518,709
Gross earnings for the year ending Sept. 30,
Four months’ earnings B. C. F. & N. B. 11. R.
in 1879
Increase in gross
’79 $2,828,487
Co.
293,269— 3,121,750
$397,012
earnings
Expenses for the year ending Sept. 30, 1880
Expenses for the year ending Sept. 30, 1879
Four months’ expenses
in 1879
B. C. F. <fc N. B. R. R. Co.
$1,799,152
$2,224,402
237,521
months).
$140,587
$92,719
Increase in rentals
Taxes for the year
Taxes for the year
ending Sept. 30, 1880.
ending Sept. 80, 1879.
Increase in taxes
.91,922
$797
paid
Balance of interest for year ending
Balance of interest for year ending
$327,841
Sept. 30, 1830.
Sept. 30, 1879.
374,180
Decrease in interest account
Net income from business in year
Net income from business in year
Increase in net income
“The
ending Sept. 30, 1880
ending Sept. 30, 1879
:
$10,339
$492,200
412,104
$80,loo
foregoing tables show that the business has been fairly
during the current year. The expenses have been
considerably increased by liberal expenditures upon the road
and equipment.
The ‘connection with the Boston Clinton
Fitchburg & New Bedford Railroad Company has proved
advantageous.”
prosperous
Boston & Providence Railroad.
|
(For the year ending September 30, 1880.)
on
the preferred stock of the Providence
& Bristol Railroad has been carried to the reduction of
The investment iu this short roadthe common stock.
thirteen six-tenths miles—was made • in 1873, at a high cost in
warren
and by the assent of the stockholders for the time
being, for the purpose of holding some control of the eastern
shore of Narragansett Bay.
“The common stock can be of little or no value for an indef¬
inite period. The profit and loss account of most railway cor¬
porations represents no monev reserve, and as that of this road
simply represents the gradual accumulation of over forty years
expended on branches, road-bed, stations, and equipment, your
directors have thought it proper to reduce the valuation of
these common shares to $5 each, by a direct charge to profit
and loss account, thereby making the balance sheet more
strictly accurate.”
TRIAL BALANCE, SEPTEMBER 30, 1880.
currency,
Cr.
Dr.
Constructs and equip.. $4,612,774
85,400
Stoughton branch
Providence Warren &
152,065
Bristol RR stock....
Union Freight 11R. Co.
stock
Real estate
Cash and cash funds...
Notes receivable
Materials on hand
79,014
198,450
60,671
77,825
150,113
$4,000,000
Capital stock
Seven per cent bonds,
due 1893
500,000
Notes payable
380,000
5,225
Unpaid dividends
Dividend
No.
Nov. 1,
Balances
1880
88, due
160,000
due
other
62,040
391,311
roads, etc
Profit and loss—'.
4
Balances due from other
82,203
roads, &c
$5,498,577
Total
$178,433
$378,109
$55,152
'.
profit and loss
Two dividends of 4 per cent each, clear of taxes, have been
declared. A dividend of $5,740 on your investment in the
Union Freight Railway was credited to interest account. One
246,816— 2,045,968
Increase in expenses
Rentals paid in 1880
.Rentals paid in 1879 (8
To credit of
“
480,028 year’s back dividend
70,000—
-
$375,152
320,000
Earnings applicable to dividends
Dividends paid and declared (8 per cent)
$5,498,577
Total
NEWS.
GENERAL INVESTMENT
Atlantic & Great Western.—General J. H. Devereux, as
special Master Commissioner for the sale, under foreclosure, of
the late Atlantic & Great W estern Railway, has filed a report
with the Clerk of the Court of Summit County, giving the fol¬
lowing statement of receipts and disbursements under the sale.
RECEIPTS.
From
From
From
From
From
$1,541,135
Purcliasing Trustees
Receiver’s certificates
first mortgage bonds (Ohio Division)
first mortgage bonds (general mortgage)
interest on deposits
889,650
2,742,117
827,096
6,325
Total
-
$6,006,325
DISBURSEMENTS.
Paid first mortgage bonds (Ohio Division)
Paid Receiver’s indebtedness
Paid expenses and cost of suit
Paid Atlantic & Great Western liabilities
Paid I). P. Eclls, Trustee
Paid L. I. Woodmen....
Paid Erie Railway Company
Paid dividend on first mortgage bonds
; Total
1
;
The amount to be
paid,
-.
as per
.
.*
2,992,610
1,560,324
230,000
132,465
175,137
5,250
35,617
841,365
$5,972,771
decree, was $6,006,325.
Atlantic & Pacific.—The Boston Transcript says : “There
report of the directors states that “it has been their dis¬
is
considerable interest to know how the syndicate account is to
agreeable duty for the past six years to report a falling ofl;-'in
The
November 20,
THE
1880j
535
CHRONICLE.
Illinois State Debt.—G-overnor Cullom has
issued his proc¬
& Pacific subscriptions. Subscrip¬ lamation calling in all of the bonded State debt outstanding for
Fifteen per cent., or $600, has been
payment on January 1,1881. The entire outstanding indebted¬
paid, leaving the subscriber owing the company $3,400. ' The ness of the State is $281,059 11, of which $23,600 has previously
syndicate takes 20 per cent of the bonds subscribed for, and the been called in, but bonds have not been surrendered. Illinois
subscribers obligation to the company is reduced by $800 per
will be entirely free from debt.
block. He then owes $2,600, and draws interest semi-annually
Indiana Bloomington & Western.—The directors of this
upon his $600 paid in, which the company has the use of until
Railroad
Company held a meeting lately, and, after discussion,
returned at the final adjustment of the subscription.”
referred to the Executive Committee, with power, a resolution
Baltimore & Ohio.—It is reported that this company has
to pay 3 per cent on the income bonds out of the earnings of
concluded a contract with the Philadelphia & Reading and the
the road for the past Six months.
New Jersey Central companies for the use of the Bound Brook
Line between Philadelphia and New York, for its New York
Memphis & Charleston.—The East Tennessee Virginia &
business. The report is that the Baltimore & Ohio is to pay Georgia Railroad, lessee, reports the following figures, showing
trackage for its cars, the Central to receive one-third and an the operation of this road for the year ending June 30, 1880:
allowance for its terminal facilities in Jersey City, the Reading Gross earnings
$1,003,270
the balance. No certain details of the agreement (if it yet Operating expenses, betterments and improvements of prop¬
erty
784,971
amounts to an agreement) have been made public.
Leaving net profits.^.,
$218,299
Brunswick & Albany.—There is a report that this road has
44,625
been sold to Mr. H. B. Plant, President of the Savannah Flori¬ Since sold, amounting to
da & Western Company. The road extends from Brunswick,
$262,924
Increasing the net earnings to
Ga., to Albany, 172 miles ; it was sold under foreclosure in 1873, —which shows a deficiency of about $45,000 in the year’s opera¬
and bought by the bondholders, and has since been operated
tions, after paying operating expenses, betterments (about
for account of the purchasers. The bonds were chiefly held
$100,000 for steel rails, &c.), and improvements of property and
abroad. It is a very poor piece of property, the gross earnings
interest on bonded and floating debt and exchange.
(which have never been over $1,000 per mile yearly) being
Missouri Kansas & Texas.—Justice Miller of the United
nearly all absorbed by working expenses. It would be of more States Circuit Court
has rendered his decision, restoring to the
value to the Savannah Florida & Western than to any one else,
Missouri Kansas & Texas'Railroad Company possession and
as it is chiefly in territory served also by that road, and its
control of the property, which has been under the management
competition affects the rates.—B. B. Gazette.
of the Union Trust Company, as Trustee, since July, 1876.
Central Pacific.—The trustees under the land mortgage
Application was made to the Court to remove the property from
give notice that they*hold $250,000 in gold coin, with which, in the hands of the trustee company, and the latter asked the
accordance with the terms of said mortgage, they propose
specific direction of the Court in the matter. Judge Miller, in
to redeem so many of said bonds as shall be offered at the
his opinion, says :
lowest price ; but all bids over one hundred and five “ flat” may
Tlic Union Trust Company is in possession of tbc road of tbo railway
be rejected at the option of the trustees. Sealed bids for the
company, as trustee, under two mortgages and an agreement in writing
surrender of bonds will be received at San Francisco until the concerning that possession.
Tho possession was delivered under the
be adjusted upon Atlantic
tions were in $4,000 blocks.
“
day of December.
Chicago Milwaukee & St. Paul—Mineral Point.—The
entire property of the Mineral Point Railroad has been trans¬
ferred to the Chicago Milwaukee & St. Paul Railway Company,
and is now operated by the latter company.
Chicago & Northwestern.—The Chicago & Northwestern
Railway has extended its Central Dakota Line to Fort Pierre,
on the east bank of the Missouri River, in nearly an air line
east of Deadwood. The Northwestern Stage Express & Trans¬
portation Company run a daily line of stages between Fort
Pierre and Deadwood, and a line of fast express wagons for
ninth
agreements and an order of the Court in the year 1876, and the
road, its finances and all its affairs have been managed by rho Trust
Company ever since.
The reason for placing the possession of the road
in the hands of the Trust Company was its failure to pay the interest on
the mortgages of the railway company, in which eveut these mortgages
contained a provision for such transfer of possession. In the actual event,
however, the agreement already mentioned as to tho nature and dura¬
written
and
of the
immediate
road. The
long line of railroad,
several States and,,the
to
secure the payment of the debts of the compauy, and especially of tho
first mortgage bonds, in regard to which the Trust Company was the
third-class passengers and freight. The distance from Chicago trustee. Tho railway company, which was then much in debt, and had
for some time failed to pay its interest, now comes forward and tenders
to Fort Pierre by rail is 780 miles ; time, 34 hours. The dis¬ all
that is duo and unpaid in any of its funded debt, alleges its ability in
tance from Fort Pierre to Deadwood by stage is 180 miles ; time, future to meet all its obligations as they mature, and demands to be
restored to the possession and control of its property. If there exists no
30 hours.
special reason to tho contrary, this would seem to bo a reasonable
Chicago St. Paul & Omaha.—The track in Nebraska was demand, for the principal of the bonds for which the Trust Company ia
completed Nov. 14, finishing the whole line from St. Paul to trustee is not due for more than twenty years, and if the railroad
company is ready to pay all the interest that is due, and is in condition
Omaha.
to meet its future instalments, it is difficult to see why its property
Columbus Chicago & Indiana Central.—Messrs. A. Iselin should be kept out of its control and in the hands of another corporation
& Co., under date of Nov. 18, issue the following notice to the for these twenty years.”
holders of Union Trust Company certificates for consolidated —A press dispatch from Parsons, Kan., Nov. 17, says: “Tlie stock¬
first mortgage bonds:
holders of the Missouri Kansas & Texas Railway at their meet¬
“As numerous inquiries are being addressed to us as Agents of the
ing to-day, two-thirds of the stock being represented, unani¬
Bondholders’Committee on the subject of a settlement with the Penn¬
mously voted to increase the stock to not less than $25,000,000,
sylvania Railroad Company, we would state that the Pennsylvania for the purpose of extending the road from Whitestro, twentyRailroad Company has not made the committee any proposition for a
settlement of the controversy between them, but that we, as individuals, five miles from Denison, Tex., to Camargo, on the Rio Grande,
have entered into an agreement, under date of November 17, with Mr.
a distance
of 500 miles; also to build a line from Muskogee,
Wm. L. Scott, by which, in consideration of our giving him the option up
Indian Territory, to Fort Smith, Ark., and to build such addi¬
to December 17 next to purchase from us $640,000 certificates at par,
tional lines as will secure early and the closest connection with
payable in forty-year five per cent gold bonds of the Pennsylvania Com¬
New Orleans. The money has already been subscribed to secure
pany, dated January 1, 1880, with coupons for 1880 on, the principal
and interest of said bonds to be guaranteed by the Pennsylvania Rail¬
the speedy construction of all these ‘contemplated roads, which
road Company and secured by a deposit of the certificates so purchased,
will add about 600 miles to the 850 miles of road now owned
we have the option to sell him up to the same date $3,000,000 of said
and operated by this compauy.
certificates, payable in the same way, and should either option be exer¬
cised Mr. Wm. L. Scott agrees to purchase on the same terms, during tho
At Camargo the Missouri Kansas & Texas Railway will con¬
sixty days following, ali certificates which may bo offered to him. A. nect with the road running to the City of Mexico, a distance of
Iselin & Co.
about 600 miles, which is subsidized liberally by the Government
“New York, November 18,1880.”
of
Mexico, in the interest of Gen. Palmer and others, the
Denver South Park & Pacific.—The Denver Times of Nov.
builders,
making in all about 1,500 miles under one manage¬
17 announced that a telegram from New York stated that Jay
transferred,
tion of the possession so
and the duties
powers
Trust Company while in possession, was the more
arrange¬
ment under which the Trust Company took charge of the
main purpose of the control and possession of this
extending many hundred miles through
Indian Territory, being
placed in the Trust Company was
«
.
“
Gould had purchased the Denver &
the purchase money—something near
South Park Railroad,
$2,500,000—having been
paid over.
Georgia Railroad.—The following statement of this com¬
pany’s operations for October and the seven months of its fiscal
year—from April 1 to October 31—is given as follows :
October
18S0.
1879.
,
Gross earnings
Expenses
$158,406
105,482
.
$123,806
76,508
,
Seven months—
1880.
1879.
$657,992
524,445
$490,080
380,715
$109,364
Net earnings
$47,297
$133,546
$52,924
Hannibal. & St. Joseph.—The following is a statement of
earnings and expenses of the Hannibal & St. Joseph Railroad
for the nine months ended September 30:
Gross
* Operating
Net
earnings.
exj)cnses.
earnings.
1880
$1,832,394
$975,212
$857,181
1879
1,311,212
917,613
393,599
Increase
$521,182
Recapitulation:
Net earnings, 1880
Interest, exchange and laud sales
Less interest
Engine and
on
car
funded debt
service
Three per cent dividend on
Surplus
preferred stock
$57,599
$463,582
$857,181
55,784—$915,966
490,980
4,S6!)
152,490— 648,3^0
$267,625
ment.”
New York State Canals Closed.—The Produce Exchange
received the following notice from the Superintendent of Pub¬
S. B. Duteher :
“Navigation for this season on the Erie, Champlain and Cayuga
and Seneca canals will be closed on the second day of December,
1S80, unless sooner closed by ice. Navigation will be closed for
the season on the Black River Canal on the twenty-fifth day of
November, 1880.”
Northern Pacific.—The tra‘ck reached the boundary line be¬
tween Dakota and Montana on Nov. 10.
The crossing is abqjafc
177 miles from the beginning of the Missouri Division at Mandan.
The rails are expected to reach the Yellowstone in a few
days.
Ohio Central.—This Company has filed a certificate with the
Secretary of State of Ohio showing that the stockholders have
decided to increase its capital from $4,000,000 to $4,400,000;
also to build a branch line or extension from Corning to South
lic Works,
Shawnee.
Peoria Pekin &
Jacksonville.—At Peoria, Ill., Noy. 13,
$900,000, to Solon
in
filed bill to set
the Circuit Court, this company, by its solicitor,
a
aside the decree of sale of the road entered Aug. 7, 1879,
also the sale made Nov. 14, 1879, in pursuance of a
and
decree for
Humphreys, who still owns the road. It was
THE CHRONICLE.
536
the last day of tlie year within which the company could
redeem. The bill alleges that the attorneys consented to said
decree and had no warrant, right or authority' so to do. As a
matter of fact the attorneys consented to the decree on author¬
[VOL. XXXL
“These profits are simply the receipts over the cost of operat¬
ing the railroad and mining coal, out of which the interest and
dividends
are
to be
paid.”
Rochester & State Line.—A press dispatch from Rochester,
N.Y., November 16, saj’s : “A transfer of stock and bonds of the
Rochester & State Line Railroad took place in New York last
personally being given in open court. The bill further alleges Friday,viz., the Taylor and Waterman interest, including the Van¬
other technical grounds of defect and claims the sale was void.
derbilt stock, in all amounting to over $580,000 in bonds and over
Philadelphia Bank Dividends.—The Philadelphia Inquirer $1,200,000 in stock. The purchase was made by a syndicate in
reported that in May last, on an invested capital of $13,903,000, New York, who now hold over $1,500,000 of the bonds and the
there were declared in semi-annual dividends $580,050.
For greater part of the stock of the road. S. J. Marcy, the Receiver
this month, on a capital of $12,345,000, the dividends declared of the road, states that the company will soon be reorganized.
aggregated $558,600. The following statement shows the He is one of the syndicate.”
capital stock, the dividend of May last and that of November,
St. Louis & Southeastern.—This railroad was sold, Nov. 16,
with the amount accruing to the stockholders from the latter:
under decree of the United States Court in Illinois.
The
ity of John Allen, President of the road, and not on authority
of the board of directors, their consent and that of Mr. Allen
Banks.
Corn Exchange
People’s
3
4
3
5
6
3
800.000
Girard
254781
Mag.
150,000
Mechanics’
1,000,009
750,000
500,000
200,000
500,000
Central
Bank of
Capital.
$500,000
Republic
National of Germantown
Union
Southwark
Northern Liberties
Consolidation
6
810,000
8
8
6
4
1,500.000
6
300,000
Tradesmen’s
Penn
Manufacturers’
Third
Western
Seventh National
^Farmers’ & Mechanics’
200.000
8
500.000
935,000
3
300,000
400.000
Philadelphia <fc Reading.—The N.
merceoi Nov. 17 had the following
6,000
24,000
60.000
45,000
15,000
12,000
17,500
6
8
6
332
6
8
3
3
15,000
40,090
18,000
Court, the earnings and expenditures from January 1 to Sep¬
28,050
3*2
212
3*2
70,000
6,250
of Com-
:
Messrs. Morton, Rose
for the syndicate 'which
Co., of London, undertook to act as trustees
originated the deferred-bond scheme of tlie
Philadelphia A: Reading Railroad Company and to receive, on account
of the company, the proceeds of the sale of tlie deferred bonds. It was
proposed to deposit with them (Morton, Rose & Co.) $2,000,000, to guar¬
antee the scheme, but, owing to some legal difficulties, the deposit has
not been made.
London cables bring the news that Messrs. Morton,
Rose & Co. have now declined to act in the matter, and it remains to be
seen whether any one firm will act in their place or whether the whole
scheme will fall to the ground, in which ease the Philadelphia & Read¬
ing Company will be left in the position it occupied before this scheme
proposed.”
To this tlie
Philadelphia Ledger replies
tember 30
are
given
as
follows:
.
jEarn i»f/s.
$123,159
January
February
Marcli.:
April
May
.*
June
“
was
South Carolina Railroad.—In the monthly reports of the
16,000
15,000
5
Journal
Henry W. Smithers and Charles W. Opdyke,
Chicago, the Pur¬
chasing Committee representing the bondholders, to whom the
road, with ail its property and franchises, was sold for
$3*200,000. A payment of $150,000 was made into court in
cash.
By this sale the St. Louis & Southeastern passes into the
possession of the Louisville & Nashville, that company holding
a controlling interest in the bonded indebtedness.
were
of New York, and William F. Whitehouse, of
Receiver of the South Carolina Railroad filed in the Circuit
5
Y.
only bidders
28,350
90,000
7,500
20,000
2*2
.
250,000
2.000,000
$15,000
6
3
6
3
_
Amount.
6
3*2
250,000
500,000
Philadelphia
Xor.
3
4
3
:
“We have authority from Mr. Gowcn for saying * that there is little or
no doubt about the scheme being adopted and*carried out to a successful
issue, and that nothing whatever has occurred to make him doubt its
success.’ A week or two more, he thinks, will cover all the time neces¬
sary to consummate the preliminary arrangements, to the proposed
reorganization. As to the report current on the Street last week, that
the Reading Railroad had obtained aid from the Standard Oil Company,
President Gowcn says there is not one word of truth in it, and pronounces
all similar reports put in circulation as alike unfounded—canards put out
to serve the supposed interests of stock-jobbers.
—The Receivers of the
July
August.
September
Total
£
Expenditures.
$63,145
115,064
88,047
94,594
70,796
70,258
66,234
58,112
51,336
61,278
75,524
104,590
140,746
67,988
$786,051
$708,132
76,561
60,851
105,891
$77,918
Excess of income
Texas & St. Louis.—The track of this road has reached
a
point thirty miles beyond Tyler, Texas. Athens will be reached
on the 15th inst., and track-laying towards Corsicana, 202 miles
from Texarkana, is progressing at the rate of one and a quarter
miles per day.
Toledo
Peoria & Warsaw.—The
Purchasing Committee
gives notice that on and after Monday, Nov. 22, 1880, the
receipts of the committee for first mortgage Eastern and West¬
ern and Burlington Divisions bonds will be exchanged for the
Toledo Peoria & Western Railroad first mortgage bonds,
according to the reorganization plan, and the coupons on the
new bonds, due July 1 and Oct. 1, 1880, will be paid at the
Farmers’ Loan and Trust Company.
Philadelphia & Reading Railroad
-Trunk Line Freights.—In accordance with the affirmative
petition in the United States Circuit Court for the
privilege of issuing obligations, to be known as “deferred in¬ vote of the Joint Executive Committee the following rates will
take effect Nov. 22, on the basis of Chicago to New York :
come bonds,” for the purpose of providing for the floating
debt of the company, which aggregates $10,158,987. On Nov. Seventh class, 40 cents ; eighth class, 35 cents—per 100 pounds.
The seventh class contains provisions and the eighth class grain.
18 an order was granted, in which it was decreed that:
The provision rates were advanced to 40 cents Nov. 1. The new
The said Philadelphia & Reading Railroad Company be and is hereby
authorized and empowered to enter into the proposed agreements for the tariff, going into effect Nov. 22, will be as follows :
submitted
a
“
guarantee of the proposed subscription and issue of deferred income
bonds, and
issue under the seal of the said company
$34,300,000 of such deferred income bonds, on which interest is to be
deferred to a dividend of six per cent on the common stock of the company,
and thereafter to take all revenues up to six per cent, and then to rank
pari passu with tlie common shares for further dividends, said right to
this participation in the surplus revenues of the company to take effect,
as of Dec. 1, 1880.
The sair deferred income bonds to be issued at 30
to
execute
and
cent of the par value, or $15 per bond, payable in instalments, as
proposed in said petition, and before selling or disposing of said bonds
in the market the privilege or option of taking a j)ro rata share to be
first offered tin; stockholders of the said company, and whatever money
shall accrue from said issue or guarantee shall be received by the Re¬
ceivers and be applied by them to the payment of the floating debt of the
company and the redemption of the securities pledged therefor.”
per
Provisions,
Chicago to—
Buffalo and Suspension Bridge
Albany, Troy, Schenectady, etc
From
New York
Boston
Providence,
Bridgeport and New Haven
Philadelphia
Baltimore
per
100 lbs.
221-’
35
40
45
45
38
37
Utah Western.—The Utah Western Railroad
Crain,
100 tbs.
2)er
20
32
35
40
40
33
32
was
sold in
City on the 3d inst., for $36,000. It was purchased
by Theodore S. Bassett, trustee for certain of the bondholders,
who formed a combination for that purpose. Their intention
—Tlie Philadelphia Press last week commented upon the de¬ is said to be to
organize a new road under the title of the Utah
ferred-bond scheme in a little different tone from some of the & Nevada
Railway. Those bondholders who did not enter the
other papers, and presented the following :
pool will receive their proportion of the purchase money in cash.
To get at the value of the deferred obligation it is necessary to figure
Those forming the pool will get the stock and bonds of the
up the annual fixed charges of the Reading companies, and then see
new company in proportion to their holdings of bonds of the
What they are likely to earn.
Total mortgage debt of Road and
The annual interest on which is
Coal Company $G8,6S9,9S7.
$4,384,721
Sinking funds of the mortgages, annually
650,000
The debenture, convertible and income bonds and scrip of
the railroad and coal and iron companies amount to
$21,719,000, the annual interest charge upon which is,
say
1,500,000
Total fixed charges, exclusive of the interest on the floating
debt : and as it is proposed to pay off a portion of tlie
floating debt by the sale of $5,010,000 general mortgage
Salt Lake
old.
Western Indiana.—The application for supersedeas in the
case of the Chicago & Western Indiana Railroad
condemnation
Company against the Lake Shore & Michigan Southern Rail¬
road Company was refused by the Supreme Court iu Chicago.
Judge Tuley then rendered his opinion on tlie motion to modify
the injunction in the case pending before him of the Michigan
bonds (which have not been included above), the annual
Southern and Rock Island roads against the Western Indiana.
interest upon which is, say
300,000 The Chicago Tribune says that the crossing was quickly laid,
and a large force of men were put to work throwing up the
Total fixed charges after the floating debt is arranged
$6,S34,721
road-bed between thfr Lake Shore track and the St. Charles
The common and preferred stock of the railroad company
outstanding amounts to $34,278,175, 6 percent on which
“The completion of this crossing makes it possible
Air-Line.
is
2,156,690 tor the Western Indiana and Wabash roads to run their trains
to t-lie Fourteenth Street depot at an early day, and scores a
Total amount necessary to be earned before the deferred
obligation will be entitled to any dividend or interest
S8,991,411 decided victory for the Jay Gould party.”
The net earnings of the two companies for the past ten
Wisconsin Central.—The last rail was laid Nov. 15 upon the
Wisconsin & Minnesota Railroad between Abbotsford & Eau
years have been:
$5,075,523 I 1876
$2,459,077 Claire, completing the new line from Central, Wis., to St. Paul.
3.581.397 | 1877
3,617,543 The Wisconsin & Minnesota management is the same as that of
3,235.369
4,353,977 f 1878
the Wisconsin Central, and passenger trains will be run through,
5.428,744 3 879
3,345,713
“
3,655,669 I 1880 (estimated)
5,200,010
to St. Paul in connection with the latter road.
November 20,
1880.J
THE
537
CHRONICLE.
jglte 0T cmxnxetxial jinxes.
COTTON.
Friday, P. M., November 19, 18S0.
the Crop, as indicated by our telegrams
The Movement if
from the South to-niglit, is
this evening (Nov. 19), the
given below. For the week ending
total receipts have reached 256,018
bales, against 215,842 bales last week, 251,768 bales the previous
There has been an improvement in general trade the past week and 250,830 bales three weeks since; making the total
week. Prices of leading staples of merchandise have latterly receipts since the 1st of September, 1880, 2,114,524 bales, against
advanced, and there is a very decided revival of speculative 1,885,846 bales for the same period of 1879, showing an increase
since September 1, 1880, of 228,678 bales. The details of the
activity and confidence. This is partly due to the severely receipts for each day of this week (as per telegraph) are as follows:
wintry weather which has been experienced over nearly the
Total.
Fri.
Th urs.
Wed.
Mon.
Tucs.
Sat.
entire country, threatening an early closing of inland naviga¬ 1 Receipts at—
33,246
tion, and in a remote degree (as in cotton) affecting crop pros¬ New Orleans
9,031 18,605
G,837
13,818 19,230 15,G69
20,100
3,407
3,374
pects as well as prospective supplies of grain. In fact, the Mobile
2,293
4,712
3,131
3,178
boom ” which was expected to follow the election seems now Charleston
3,435
25,409
4,390
5,444
4,458
3,G3 4
3,978
COMMERCIAL EPITOME.
Friday Night, Nov. 19,
1880.
...
“
full vigor.
During the past week a better business has been done in the
general provisions market.
Prices have been variable and
to have set in in
given to the
more or less by the speculative support
market here and at the West. At times this has
governed
been rather
slight, notably so at the close, when mess pork was sold on the
spot at $14 50@$14 75 ; future deliveries were nominal at
$18 25@$13 95 for seller year, $14 50@$13 CO for January, and
$14 50@@$15 20 bid and asked.
Bacon has received little
attention, and long clear closed nominally 7%c.; half and
half 7%c., and short clear 8c.
Lard opened to-day with
an
advance of 5@7/£c. per 100 lbs., but this was soon
lost, and at the close the feeling was irregular and quite
weak; prime Western Sold on the spot at 8’75, and for No¬
vember at 8*72?'2C. ; December, 8,60@8‘62>ic. ; seller the year,
S'GOc. ; January,
S'G5@S*57/£c. ; February, 8,65@8,87/^c. ;
March, S*75c. ; and seller six months, 8*60c.; refined to "the
Continent, December shipment, sold at 8*95c. Beef has been
steady, though quiet; East India city extra mess was sold at
$1S@$19. Beef hams, though quiet, are firm at $18@$19.
Port
Royal, *tc.
Brunswick, &c.
Indianola, <tc...
Tennessee, &c..
6,164
.
.
870
5,205
5,933
....
....
Totals this week 38,451
49,862
City Point, &c..
....
1,394
823
2,074
74
24,612
702
702
2,128
9,178
o,7 / S
—
....
....
11,557 j 31.535
667
833
7,317
1,492
33,512
12,376
12,376
5,059
5,4G9
607
1,492
6,068
....
....
....
34,Q94 01,119 256,61
comparison, we continue our usual table showing this
receipts and the totals for the corresponding weeks
the four previous years:
For
week’s total
of
996
306
22,211
24,773
30,353
22,160
57,170
21,197
24,467
1,464
28,416
29,167
532
651
384
621
9,252
12,671
12,072
616
12,965
2,140
6,836
667
473
955
'8,373
6,836
27,753
1,700
211,823
15,113
Charleston
rule very
3avannah
25,109
4,140
33,793
Galveston
24*612
20,527
5,174
36,095
21,887
702
Port
Royal, &c
Indianola, &c
Tennessee, &c
Florida
5,418
27,035
10,405
16,351
4,462
256,618
218,408
181,376
200,980
•
...
Total since Sept. 1.
20,572
3,809
33,512
12,376
Norfolk
Total this week
-
1
7,30 4
24,229
8,267
North Carolina
City Point, &e
‘
4,593
17,992
6
49,153
18,514
19,749
62,535
83,246
New Orleans
1876.
1377.
1878.
1379.
1880.
Receipts this w'k at—
20,100
13Mc. for fair cargoes; mild grades have been dull for all des¬
criptions, and prices have been for the most part nominal; the
Dutch auction sale, which went off in some instances at some¬
thing above the valuations, had no effect on our market; the
supply here continues largely in excess of that held at this
time last .year,
llice has latterly been active at firm prices.
Molasses has been dull and nominal for foreign, but active
and firm for new crop New Orleans, closing with sales at as
high as 55c. for strictly choice stock. Tea has been quiet at
private sale, but about steady ; at the auction sale to-day
1,439
....
....
Mobile
firm.
....
723
1,752
....
....
74
....
Tallow in fair sale at 6%@6^c. for prime. Cheese has had a
better sale, and fancy factories are higher at 13@13%c. The
better grades of butter have been more active, and choice grades
Bio coffee has been only'moderately active, and has shown no
marked change in price, and closes for the most part nominal at
4,224
3,489
3,599
2,227
....
....
....
....
1,313
City,&c
.
1,925
1,161
....
Norfolk
5,033
6,447
5,900
....
.
....
Florida
Wilmington....
....
....
....
4,900
Galveston
Moreh’d
G,5G4
4,889
Savannah
4,140
33,793
4,140
4,910
....
....
....
....
2,114,524 1,385,846 1,545,609 1,327,301 1,638,786
The exports for the week ending this evening reach a total of
prices ruled low, with the exception of Formosa Colony, 117,288 bales, of which 58,S17 were to Great Britain, 22,022 to
which brought steady figures.
Spices have been generally France and 36,449 to rest of the Continent, while the stocks as
•quiet. Baw sugar has remained at 7%37^c. for fair to good made up this evening are now 859,383 bales. Below are the
refining, with only a moderate business ; but at the close there exports for the week and stocks to-night, and a comparison with
are signs of returning activity and the market is quite strong.
the corresponding period of last season
Befined sugar has latterly been in good demand at firmer
STOCK.
Same
EXPORTED TO—
Total
Week
prices. Crushed and powdered close at 9%c., and granulated
Week
this
at
eniin;/
9%c.
Great
France.
Conti¬
Week.
nent.
1880.
1879.
1879.
greatly increased volume of business in Xov. 19. Britain
Kentucky tobacco, the sales aggregating 1,350 hhds., of which N. Orl’ns 11,346 16,133 12,470 39,954 57,732 241,459 211,007
3,515 33,792 27,035
1,250 for export and 100 for home consumption. The demand Mobile..
has been mainly for llegie contracts. Prices are steady at
17,3
47 117,276 56,028
26,677
6,845
1,417
CharPt’n
18,415
92,910
20,346.130,391
@6c. for lugs and 0^@12c. for leaf.
13,320
market
seed
leaf
The
for
10,449
Savan’h.
3,371
84,005
has been generally quiet, but a continued active demand for
85,375
9,722
2,544
1,452
1,092
Galv’t’n97,924 46,460
10,562
Pennsylvania product has swollen sales to 3,7S0 cases, all the N. York.
11,676
525
5,233
8,918
2,780 74,666 52,923
growth of 1879, as follows :—3,400 cases Pennsylvania, lltft) Norfolk2,350
2,350
18c.; ISO cases Ohio, S@llc; 100 cases New England, 13@37/£c. ; Other*..
7,703 72,500 33,000
16,767
16,767
and 100 cases sundries, 9@18c. ; also 700 bales Havana 82c.@
$1 20. The report of the Agricultural Bureau for November Tot. this
859,333 605,404
week..
58,817 22,022 36,449 117,233 130,257
says : “There was less land planted in tobacco this year than
last. The decrease was principally in the States af Maryland
and Virginia. In Ohio, Penns.ylvania and Wisconsin there was Tot.siuce
700,101 161,614212,612 1074,327 1050.392
a decided increase.
Early in the season the weather was not Sept. 1..
The exports this week u;uler the head of “other ports” include from Bal¬
propitious, but in August and September it was very favorable. timore,
2.828 bales to Liverpool; from Boston. 2,003 bales to Liverpool; trom
The average yield per acre, as reported November 1, is 740 Philadelphia, 725 bales to Liverpool; from Wilmington, 0,034 bales to Liver¬
pool; from Port Royal, 5,177 bales to Liverpool.
pounds, against 795 last year.
From the foregoing statement it will.be seen that, compared
In naval stores a stronger tone and a better movement has
the corresponding week of last season, there is a decrease
with
been developed, based on fairly-satisfactory advices from
abroad and considerable support from the Southern markets. in the exports this week of 12,969 bales, while the stocks to-night
Spirits turpentine 47c., and strained to good strained rosins are 253,979 bales more than they were at this time a year ago.
In addition to above exports,' our telegrams to-night also give #
$1 S0@$1 85; tar, $3 25@$3 50, Petroleum has been active at a
the following amounts of cotton on shipboard, not cleared, at
ns
decline to 9?J@10c. for refined in bbls., with an improvement
Crude certificates to-day the ports named. We add similar figures for New York, which
noted at the close to 10M@10/£c.
sold up to 94?sc., though closing at 90%c. bid. All metals are are prepared for our special use by Messrs. Carey, Yale &
without new or interesting features, the general position of Lambert, 60 Beaver Street.
prices still, being steady, A good export trade has been done
On Shipboard, not cleared—for
Leaving
in hops and State 1879’s are now quoted higher at 18@25c.
Stock.
Coast¬
Other
Nov. 19, AT—
Total.
Great
France.
Ingot copper in steady sale at lS%@19c. for Lake.
Foreign. wise.
Britain.
Ocean freight room has been held at higher rates, and this,
86,372 155,087
1,011
8.337 16,339
together with the general advance in cereals, has given a check New Orleans
59,632
23,292
10,500
None.
None.
to operations. Then, again, the offerings of tonnage are rather Mobil©
2,000
8,500
83.762
23,514
2,050
8,980
10.084
7,400
moderate. The engagements to-day were : Grain to Liverpool, Unarleston
100,891
30,000
5,000
2.700 15,800
(5,500
63,003
22,867
by steam, 7%d. standard bushel; cotton, 9-32d.; bacon, 37s. 6d. Savannah
1,5 47
1,282 11,518
8,520
Galveston
90,124
7,800
None.
800
None.
@40s.; cheese, 50s.; flour, 3s. 3d. per bbl. and 25s. per ton. New York
5,000
123,166
2 4,000
There has been
a
-
.
•
•
•
*
*
......
....
....
....
*
«.
*
quoted S%d.; do. to Glasgow, by
steam, quoted 7d ; grain to Cork for orders taken at 5s. 7/£d @
5s. 9d. per qr.; do.r to east coast of Ireland, 5s.; refined petro¬
leum, in cases, to Alexandria, 27/2@2?c.; do. in bbls. to 3remen,
Grain to London, by steam,
3s
Other ports
13,000
None.
1,000
5,000
116.216
22.21 9
5 4.987
14.611
*
Included in this amount there are .2,000 bales
ports the destination of which we cannot learn.
210,053
at presses for
640.330
foreign,
CHRONICLE.
THE
538
[vol. xxxr.
m
The following is our usual table
cotton at all the ports from Sept. 1 to
showing the movements of
Nov 12, the latest mail date:
a
® ft
OD
fpft
p a
Great
Britain.
1879.
1880.
N.Orlns
375,470
398,431
Mobile.
118,867
Char’n*
299,515
120,185
212,290
Bav’h..
Galv.*.
383,91S
209,704
N. York
23,481
Florida
4,751
64,531
N. Car.
Norf’k*
Other..
91,565
61,238
17,551
5,708
102,243
52,423
100,962
333,129
204,440
28,598
4,285
50,475
262,055
331,977
45,692
158,767
7,648
•
.
a:
^p:
CD
QD
®
px;
2
p
CD
00
wr
•
.
c*
957,039 771,925
8G.G71 168,243
920,135 578,640
the market, and “ outsiders ” at this point were
A feature of Thursday’s business was
:
if
p-g
m
PCT5
P')5
ft ft
goq
ft
a
ft ft
R'r\ -|
ft
1
®
®
ft
prr
A
Qj.
Pi.
Pi.
pi.
2
•
p-p
§
perj.
-X
.
:
**1
:
Of the above, 150 bales were to arrive.
The follow¬
ing are the official quotations and sales for each day of the
past week:
UPLANDS.
Nov. 13 to
ITIoi) Toes
Sat.
Nov. 19.
715x«
Ordin’y.’pfc
715ic
TEXAS.
NEW ORLEANS.
Sat.
|
Mon Tues
Ulon. Toes
Sat.
71BJ
71&16 71-16 715lf; 715i6 713iG
715x6
8916
Bill* 811,6 Bill* 8^16 81116 SH16
911,6 911x6 911ic 91116 9Hie 91116
99,6
yl°16 101,6 lOlxe 101,6 101x6 10116 lOlxe
8<J 16
Strict Ord.
8yie
Good Ord..
9% 6
09ic
Btr. G’d Ord 91o16 91-16
10 34
10%
Low Midd’g 10^2
1012
1012
1034
10%
10%
1034
Btr.L’wMid lOlho lOHlG lOllxe 10i5xc 1015,6 10151G 101^6 101^16 1015ia
Middling... lOlhe 1015x6
Good Mid.. u^16 11&16
Btr. G’d Mid 1 ly16 1 ly16
Midd’g Fair 121x6 121x6
12H,„
^p
gfS
<
S
p
-
2
Pip
©t
00
3
I
F
©
o
p
®
>s
p
:
b
113x6 113,6 11316 I 11316
H-lfi 11916 119,6 119,6 nV ! 11°16
11916 Hl%6 1113x6 1113x6 ll«ie! 1113x6
12116 125i6 125, A 12516 12°i6 j 12°} 6
1211,« 12nlft 12161P 1215,6 1215,6 1215,«' 12l8i*
101*>x6 113x6
113x6
11**16
iH3i
9
3
c*
02
CO
rr
r-t-
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trt-
ft
ft
ft
ft
P
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CO
35,70
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u
price of November con¬
“ short notice ” for November at only 6
points under the “ spot ” price. To-day, with a better report
from Liverpool, the opening was dearer, but under the large
receipts, and sales to realize, there was some decline in the later
dealings. Cotton on the spot was in fair demand for export and
home consumption, and on Thursday quotations were advanced
l-16c. To-day “ sp»ots ” were quiet and unchanged, middling
uplands closing at 11c.
The total sales for forward delivery for the week are 025,800
bales, including
free on board. For immediate delivery
the total sales foot up this week 8,929 bales, including 3,481 for
export, 5,172 for consumption, 276 for speculation, and
in
transit.
2!g-p3
Pi^F®
p
©
P
the advance of December to about the
tracts, with the sale of a
g*
“ O y
«
.0
25,365
60,682
40,000
in futures during the past week has been more
active, and prices have advanced. The opening was buoyant, and
prices worked upward throughout Saturday and Monday, but on
Tuesday a part of the advance was lost. On Wednesday the
early dealings were weak, but reports of severely cold weather in
the Mississippi Valley and of rain3 on the Atlantic coast gave a
fresh impetus to the speculation for the rise, which on Thursday
developed into activity and buoyancy. There were large South¬
buyers to some extent.
,!
3
<rh
......
The speculation
on
ft ft
E-ft ®
<1
•
gp: o
p
©
orders
CD
s'
g-
ft ft
p-ft
p
p ft *ft ^
*■*
•Underthe head of Charleston is included Port Royal, &c ; under the head of
Gatvcaton is included Indianola, &c.; under the head of Nor, oik. is included City
Paint. dec.
ern
£
gag¬
C '-J
W
<5
083
S|if?
ft ft •
ft
ft;
ft:
93,031
641,284 139,592 176,163
665,221
1667,438
Laat ye ar
2.£ft
ft Pi
©ft ® P
ft ft
083 opo
s&s?
p
POKJ
•
ft •
&
<
p©
Pi
This yr. 1857,906
o
mm
'P o P
era
-
©
68,394
....
6,565
....
©•:
152,610 135,074
....
....
%
g
ft
®
o
p
p
8,711 30,472
111,424 129,388
13,123
87,114
68,597
CO
ft
CD
2,822
ft
m
.
79,500
134,63G
p8-
ft
7-P M ft
301,324 189,519
...
.
1,444
8,857
87,114
62,032
53,550
50,992
1,003
32,635
44,659
16,350
21,077
10,727
12,597
.
Total.
Foreign
....
....
Stock.
Other
France.
ft
o
©ft
00 p,
P
33 *
c
asigft
Sag-S
ft
(73
-
ft
EXPORTED SINCE SEPT. 1 TO—
1.
SEPT.
Forts.
gLPft <5
p* ft
ft
CD
s
OTj®ft
p
RECEIPTS SINCE
H
3
S
fel
| ©^
M^©
Mr-©
MM,0
MM©
<©d>®
d> d»©
©-1
©©
§
§
V
a
•
I !
X
©
Wed
Th.
Wed
Frl.
Th.
Fri.
Wed
Frl.
Til.
Ordiu’y.$fl>
Strict Ord..
Good Ord..
Btr. G’d Ord
71516
89ig
99,6
8
8
8-">8
9*8
yiol6 10
Low Midd’g 1012 1109x6
Btr. L’wMid ion16 '10%
Middling... 10l°i6 11
11-16 .1138
1158
|121i6 121*
11211x6 12%
|ll916
71-16
811x6
10
1U9x6
1034
10%
10l°i6 11
113i6 11%
119,6 11-8
1113x6 1178
11
113s
12^8
1234
12-16
B).
......
101516' 11
11
11%
11316 | 11*4
119J6 ! ll^a
1113x6 1176
125io i 123a
1215x6 13
11%
11 58
11 78
123a
78
123s
11
1238
13
75a
7^8
8^2
8%
938
10%
8%
93s
10%
93s
7%
71116|
•11,
'“16
8916 J 8°16
93i6 | 97ig
10° 16 110° 16
0:%
10%
©
©
1
FUTURES.
SALES OF SPOT AND TRANSIT.
Ex-
CLOSED.
Bat.. Steady
Firm
Mon
.
Tues. Steady
Wed Quiet Sc steady
.
Thurs Firm at
Firm
Fri.
;
port.'
..
774
850
200
390
%6 adv.. 1,207,
Spec- Tran¬
sit.
sump. ul'Vn
Con-
236
1,278
917
079
1.070
....
93
■
....
ibb
83
992
Total
5,172
....
27d!
....
Ihe daily deliveries given above are actually
vious to tuai on wxiicii tuey are reported.
The Sales
and
Prices
of
Futures
are
'
Salcs.
„
.
j! DelivI
Crics.
1,010
51,700;
f> 901
96,500!
40C
1.117
69,900:
700
.
■
.
Total.
600
1,169 02,900) 1,000
600
2,420 173,500
■9:32
171,300j
500
8.929 625.8001
3.800
delivered tlie day pre¬
shown by the follow¬
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
©
7©
\
•“•to
F©
©o
!
xo
©
-1
M
»
t—»
©
to
to
Ci«
f— r-
M M
©©
CO
©o
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X-4
cr. ©
©10
©©
c©
X -4
M Ot
©X
© ©
1
P
©^
1
XX
a
s
_
X©-r
©
i ©©
MMX
MM tO
MM©
M—*©
77b
FFVi
©0*i©
©-4©
d©©
©©©
1
f-‘HH
wl
r-
©©
Or
©^1
I ©
©
1 ©
CO
X
F7*w
FFbr
FT1©
77b
©
©
©
-4 -4 ©
X X ©
Cl o» ©
©
-IX©
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c-ix©
to©©
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v*
u
S1
a os
P »
r4
c?
00
1881, 100 at 11-68.
1831, 700 at 11*93 and 100 at 11*94.
1681, 500 at 11-50, 200 at 11*73; also sales in
September, 1830, for September, 621,400; Sept.-Oct. for Oct., 946,500.
Transferable Ordei’s—Saturday, 10 90; Monday, 10-95;
Tuesday,
10-90; Wednesday, 10 95; Thursday, 11-00; Friday, 11*00.
Short Notices for November—Thursday, 10*94: Friday, 10 94.
The following exchanges have been made
during
the week.
4-^
OAO tV.K
AXn
•14 pd. to exch. 300
Feb. for Mar.
-01 pd. to excli. 100 Nov. for Jail.
•42 pd. to exch. 200 Jan. for Apr.
•10 pd. to cxch. 100 Dec. for Jan.
•03 pd. to exch. 600 Feb. for Apr.
13 pd. to exch. 900 Nov. for Feb.
Supply
The Visible
of Cotton, as made up by cable and
«
MARKET AND SALES.
SPOT MARKET
1
I ©
p,
t Includes for August,
*
Includes for August,
*
Includes for August,
13
Mon Toe* Wed
7*8
10%
8
8 34
11
UK's
1215i6 13
Sat.
8
8 34
715x6
8%
834
BHi«| 9%
9%
934
934
9“ibI
1018
101*
1018
10116 . 10^
1015,6 1013,0 1034 ; 1013x6 1013x6
9 u i„
10’ 16
950
STAINED.
Strict Good Ordinary
8
8
M
I -1
©:
! ©:
I
X
_
1
X-
1.
-v-
i!
..
.14
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britiain 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. 19^), we add the item of exports
from the United States, including in it the exports of Friday only.
Stock at Liverpool
Stock at London
bales.
1
1879.
1880.
412,000
297,000
56|ti / JL
47,300
1878.
1877.
250,000
34.250
374,000
19,750
234.250
393,750
137,500
~
Total Great Britain stock .
Stock at Havre
Stock at Marseilles
Stock at Barcelona
.-....
Stock at Hamburg
Stock at Bremen
3toek at Amsterdam
Slock at Rotterdam
489.300
69,700
352,371
82,310
97,500
2.500
7,640
809
35,800
2,340
2.500
24.000
8.930
14,870
15.000
8.000
3.500
13.250
29.750
2,390
3,230
6,750
1.800
5.000
32.000
8,750
40.000
/
November 20,
THE CHRONICLE.
1880.]
Stock at Antwerp
bales
Stock at other conti'ntal ports.
1980.
981
2,750
1377.
4,500
7,000
1878.
1879.
6,750
2,773
6,250
Total continental ports....
158,691
123,137
170,250
273,250
Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
647,991
45,000
435,000
454,500
667,000
108.000
Egypt,Brazil,&c.,aflt for E’r’pe
37,000
859,383
134,734
22,000
475.508
69.055
538,785
46,473
603,404
33,000
302,000
36,000
646,303
77.141
..
Stock in United States ports
..
8tock in U. B. interior ports...
United States exports to-day..
478,000
25,000
586,481
115,037
19,000
114.347
21,000
times
misleading,
j\. 7YI CVlCCtfl
124,000
316,000
185,000
79,000
41,000
127,000
435,000
538,785
478,000
171,000
189,000
302,000
United States stock
859,383
United States interior stocks..
134,734
114,347
115,087
646.303
77,141
United States exports to-day..
22,000
21,000
19,000
22,000
586,481
605,404
...1,846,117 1,505,536 1,449,568 1,407,444
Total American
East Indian, Brazil, die.—
Liverpool stock
203,000
126,000
112,000
126,000
47,300
79,691
55.371
82,137
34,250
43,250
69,055
108,000
19,750
84,250
33.000
37,000
46,473
25,000
36,000
334,991
365,036
336,500
376,000
London stock
Continental stocks
India afloat for Europe
45,000
Egypt, Brazil, &c., afloat
-
they
are
made
up more
largely
one year
the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these
Southern
figures, of course, do not include overland receipts or
consumption; they are simply a statement ot the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
RECEIPTS FROM PLANTATIONS.
Week
Continental stocks
American afloat for Europe....
as
than another, at the expense of
22,00a
Total visible supply
2,181,108 1,870,572 1,786,008 1 ,783.444
Of the aoove. the totals of American and other descriptions are as follows:
Liverpool stock
539
Total East India, &c
Total American
1,846,117 1,505,536 1,449,568 1,407,444
Total visible supply
Price Mid. Upl., Liverpool—
2,181,108 1,870,572 1,786,068 1,783,444
67lsd.
63-±tl.
o^d.
6?16.i.
Receipts at the Ports.
ending—
3
Sept.
Ik
10
(l
17
II
24
Oct.
1
II
8
K
ID
II
22
II
29
“
12
11
19
1879.
47.431
....
1880.
13,920 42,082
30,054 61,117
74,355 76,983 102,695
98,863 127,729 130,413
130,990 162,303 172,221
148,158 169,408 109,094
160,233 181,714 210,367
162,236 214,461 236,341
157,280 245,613 254,833
182,874 225,0S7 251.768
176,004 220,210 215,842
181,376 218,408 256.618
20,750
5
Nov.
1878.
Stock at Interior Ports
1878.
9,979
18,971
26.377
37,872
47,208
59,823
79,507
97,887
115.034
149,498
114,583
1879.
0,508
14,563
23,896
40,774
52,207
68,913
81,227
95,993
115,135
133,905
1S7,126
1880.
21,770
25,550
38.094
61,009
78,735
103,086
121,895
152,765
179,076
204,759
227,135
188,491 218.098 242.326
Rec'pts from Plant'ns.
1878.
1879.
30,130
56,423
81,701
110,358
140,326
160,773
180,001
180,520
174,427
16,217
35,019
86,266
144,007
173,736
186,114
194,028
229,227
265,355
217,338 243,257
201,089 278,437
195,284 250,280
1880.
30,000
04,897
115,239
150,328
180,047
223,445
220,170
267,211
281,741
276,851
238,218
271,809
The aboye statement shows—
1. That the total receipts from the plantations since Sept. 1 in
1880 were 2,335,907 bales; in 1879 were 2,097,543 bales; m 1878
were
1,728,448 bales.
2. That the
receipts at the out-ports the past week were
figures indicate an increase in the cotton in sight 256,618 bales, and the actual movement from plantations 271,809
to-night of 310,536 bales as compared with the same date of 1879, bales, the balance being added to stocks at the interior ports.
an increase of 395,040 bales as compared with the corresponding
Last year the receipts from the plantations for the same week
date of 1878, and an increase of 397,664 bales as compared with were
250,280 bales and for 1878 they were 195,284 bales.
the corresponding date of 1877.
Weather Reports by Telegraph.—The rains have continued
In the preceding visible supply table we have heretofore only
in portions of the South the past week, and all over the cotton
included the interior stocks at the seven original interior towns.
section the thermometer has been low, killing frosts having been
As we did not have the record of the new interior towns for the
reported now almost everywhere. Cold weather or rain, or both,
four years, we could not make a comparison in any other way
have interfered with picking to some extent in most districts.
That difficulty no longer exists, and we therefore make the fol¬
Galveston, Texas.—It has rained during the past week on five
lowing comparison, which includes the stocks at the nineteen
We have had two killing
towns given weekly in our table of interior stocks instead of only days, the hardest rain for three years.
the ola seven towns. We shall continue this double statement for frosts, with ice on one night and sleet on one night. Much dam¬
has been done. Picking has been interfered with, and it is
a time, but finally shall
simply substitute the nineteen towns for age
now certain that much that has been made will not be picked.
the seven towns in the preceding table.
The ground is so boggy that it is impossible to pick at present.
1877.
American—
1880.
1879.
1879.
The
thermometer has ranged from 29 to 69, averaging 50, and
171,000
124,000
Liverpool stock
bales 316,000
185,000
The above
Continental stocks
American afloat to Europe
United States
stock
United States interior stocks..
United States exports tonday..
Total American
East Indian, Brazil, dec.—
79,000
41,000
127,000,
189,000
the rainfall has reached four inches and three hundredths.
435,000
538,785
478,000
302,000
Indianola, Texas.—We have had hard rains on four days
during the week, the rainfall reaching four inches. The ther¬
mometer has averaged 49, the highest being 68 and the lowest
28.
There have been killing frosts on two nights, and ice formed
in this vicinity on one night.
Much damage has been done and
859.393
605,404
586,481
646,303
242,326
218,998
188,491
136,941
22,000
21,000
19,000
22,000
1,953,709 1,610,187 1,522,972 1,467,244
Liverpool stock
126,000
112,000
126,000
203,000
47,300
55,371
34,250
43,250
19,750
84,250
108,000
33,000
London stock
Continental Stocks
India afloat for Europe
79,691
82,137
45,000
69,055
Egypt, Brazil, <Szc., afloat
37,000
46,473
25,000
36,000
334,991
365,036
336,500
376,000
,1,953,709 1,610,187 1,522,972 1,467,244
Total East India, &c...
Total American
.
2,283,700 1,975,223 1,859,472 1.843,244
Total visible supply
These figures indicate an increase in the cotton in sight to¬
night of 313,477 bales as compared with the same date of 1879, an
increase of 429,228 bales as compared with the corresponding date
of 1878, and an increase of 445,456 bales as compared with 1877.
At the Interior Ports the movement—that is the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1879—is set out in detail m the following
statement
picking has been interfered with. About one-half of the
has
Corsicana, Texas.—There have been hard rains at this point
three days, with a rainfall of one inch and twenty-one Hun¬
dredths. There have been killing frosts, ice and sleet on two
on
Picking suspended and farmers discouraged. The ther¬
averaged 41 during the week, ranging from 15 to 64.
Dallas, Texas.—It has rainea hard on three days the past
week, the rainfall reaching one inch and twenty-five hundreaths.
The thermometer has averaged 40, the highest being 64 and the
lowest 14. There have been killing frosts, with ice, on two
nights, and we have had half an inch of snow. Much damage
has been done. Picking has been interrupted and a great deal
will never be picked. The picking season here has been one of the
nights.
mometer has
worst
ever
known.
Brenham,
Week
ending Nov. 19, ’80.
Receipts. Shipm'ts
9,006
Stock.
4,451
22,846
3,505
7,407
2,619
3,297
5,819
5,020
14,472
3,818
Total, old ports.
52,286
42,452 134,734
Dallas, Texas*...
Jefterson, Tex*..
Shreveport, La...
2,250
1,300
2,452
6,103
2,247
1,340
2,520
1,018
1,155
1,903
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala.
Griffin, Ga
Atlanta, Gat
Borne, Ga.t
...
Charlotte, N. C...
8t. Louis, Mo
Cincinnati, O
2,666
4,395
2,030
5,309
7,281
1,779
16,568
12,372
8,782
114,676
Estimated.
2.322
2,055
5,000
6,800
1,813
19,197
Total, new p’rtsj 62,390
*
5,827
,
t
Receipts. Shipm'ts
19,730
17,934
7,626
10,529
7,657
62,733
Augusta, Ga
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Selma, Ala
Memphis, Tenn..
Nashville, Tenn..
5,417
Week ending Nov. 21, ’79.
7,353
5,442
3,387
6,036
6,432
30,869
4,094
8,525
||
63,613
5,258
2,901
2,868
5,067
5,304
12,862
3,908
Slock.
6,450
10,010
4,095
6,834
10,630
66,792
9,536
38,168 114,347
3,800 1
2,300
2,200
3,400
7,093 i
6,453
3,003 |
750
650
300
4,554
3,190
5,969
2,028
1,954
1,797
7,284
4,597
2,995
2,361
3,240
6,282
12,494
2,151
1,141
6,627
1,491
53,212
7,550
3,345 !
3,672 I
18,000
14,500
732
35,413
8,181
6,848
2,439
1,507
2,158
6,571
5,278
1,781
25,729
11,582
25,714
11,994
2,500
57,033 107,592
!
71,497 ; 65,070 104,651
99,485 242,326
!
135,110 103,238 218,998
t This year’s figures estimated.
The above totals show that the old interior stocks have in¬
creased during the week 9,834 bales, and are to-night 20,387
bales more than at the same period last year. The receipts at
the
same towns
last year.
have been 11,327
bales less than the
same
week
Receipts from the Plantations.—The following table is,
prepared for the purpose of indicating the actual movement each j
week from the plantations.
Receipts at the outports are some- ’
crop
liere
been picked, but much of the remainder will not be
picked at all. The picking season has been a very bad one.
Texas.—It has rained hard at this point on
aggregating one inch ; and there have
ice, on two nights. It has been unseason¬
three days, the rainfall
been killing frosts, with
ably cold,
to 65.
the thermometer averaging 45 and ranging from 20
vegetation killed outright, aud picking sus¬
All tender
pended
Waco, Texas.—There have been hard rains here on three days
and killing frosts with ice, on two nights. Terrible weather J
Much damage done and picking suspended.
Cold—severest
known at this season for many years. Average thermometer 42,
highest 64 and lowest 19; rainfall one inch.
jWeio Orleans, Louisiana.—Rain has fallen during the past
week on five days, to a depth of two and eighty-five hundreaths
inches. The thermometer has averaged 53.
Shreveport, Louisiana.—The past week has been cloudy and
rainy, with intervals of cool, clearing weather. The thermometer
has ranged from 18 to 64, averaging 41, and the rainfall has
reached ninety-one hundredths of an mch.
Vicksburg, Mississippi.—It has rained on three days the
past week. We had a heavy storm oik sleet on Wednesday night
and the weather is still very cold.
Columbus, Mississippi.—There has been rain here on one day,
the rainfall reaching twenty-three hundredths of an inch,
but with this exception the weather has been cold and dry. The
thermometer has averaged 40, the highest being 51 and the low¬
est 30. The cold weather has entirely stopped picking.
Little Rock, Arkansas.—The past week has been one of un¬
usual severity for this section. Sunday last was fair and Thurs¬
day clear. The remainder of the week, however, has been cloudy
with rain on Friday and Saturday, and on Wednesday it snowed
all day, to a depth of four inches, and is now threatening more.
Average thermometer 43, highest 57 and lowest 33.
Nashville, Tennessee.—It has rained during the past week on
three days, the rainfall reaching sixty-four hundredths of an
THE
540
[Vol. XXXI.
CHRONICLE.
principal
j crop promises an increase of 18 to 20 per cent. The
! complaint is a scarcity of labor. Frosts are generally reported*
having been from 18 to 54.
but, except in a few localities, the damage lias been slight. The
Memphis, 'Tennessee.—We have had rain on four days the past area planted in cotton as reported to this Department last spring
week, the rainfall reaching one inch and sixty hundredths. Two
inches of snow fell on Wednesday night, which is still on the j was 7 per cent more than last year.
I Cotton Exchange Reports for November.—We publish below
fround.
Average
icking has been almost entirely suspended throughout the the Cotton Exchange condition reports for Nov. 1:
(Juestions.
week, and there is much cotton falling out. It is estimated that
1. What has been the character of the weather since October 1t
three-eighths of the crop here remains unpicked.
2. Has the weather been more favorable or less favorable than same
Mobile, Alabama.—It has been showery three days, and has
last year for gathering the crop 1
rained severely two days the past week. As the week closes, time
3. Have you had frost in your section 1 If so, on wliat date did it first
however, there has been a favorable change in the weather. Ice appear, and what damage, if any, has been done by it to the crop ?
4. What proportion of the crop lias been picked, and when will picking
formed in this vicinity on Thursday night.
probably
be finished in your section I
Montgomery, Alabama.—It rained on two days the earlier
5. How will the yield in your section compare with last year ? State
part of the past week, the rainfall reaching forty-eight hun¬ probable increase or decrease per acre.
G. State any material facts regarding the yield or gathering of the crop
dredths of an inch. The latter portion has, however, been clear
and pleasant, but it is turning very cold. We have had killing not covered by the above questions.
Norfolk Department.
frosts on two nights. The thermometer has averaged 53, the
Norfolk
through their Committee on InformationThe
Cotton
Exchange,
highest being G(5 and the lowest 30.
Selma, Alabama.—It has rained during ^ the past week on and Statistics, composed of Louis 'Hilliard, W. D. Rountree and
J. C. Maximos, issues the following report, covering the Slate of
two days.
We have had one killing frost.
Virginia and the following Counties in North Carolina: Rutherford,.
Madison, Florida.—We are having too much rain. It has Lincoln, Catawba, Rowan, Davidson, Iredell, Burke, Wilkes, Caldwell,.
rained during the past week on three days.
The thermometer Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey, Rockingham,
Caswell, Person, Granville, Warren, Franklin, Nash, Wake, Hyde, Pitt,
has averaged 53, the highest being 02 and the lowest 44.
Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin, Bertie,
Macon, Georgia.—It has rained on two days the past week, Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northampton
the rainfall reaching one inch and fifty-two hundredths. The and Halifax.
thermometer has averaged 51. We have had one killing frost.
North Carolina’and Virginia.—SO replies from 32 counties.
Columbus, Georgia.—Rain has fallen on two days the past
All replies indicate exceedingly favorable weather during October.
„eek, to a depth of one inch and twenty-six hundredths. The Thirty-five replies indicate more favorable weather than last year;
twenty-seven the same as last year, and four less favorable. The first
thermometer has averaged 49.
Savannah, Georgia —It has rained on three days, the rain¬ frost*appeared about the sixth of October, aud a killing frost about the
twenty-fourth of October. There was little or no damage to the crop.
fall reaching seventy-eight hundredths of an inch; but the bal¬ An average of sixty-six replies shows 71 per cent of the crop picked.
ance of the week has been pleasant.
The thermometer has aver¬ Picking will probably be finished by the first of December. Forty-three
an average increase m yield of 22 percent; fourteen the
aged 54, the highest being 09 and the lowest 40. We have had replies show
last year, and five a decrease of 17 per cent compared with last
one "frost.
year. Owing to the unexceptionably fine weather the crop is fully two
Augusta, Georgia.—We have had heavy rains on five days, weeks earlier than last year and saved in fine condition. The yield of
but as the week closes a favorable change has taken place in the lint is represented as better than usual, owing to the use of fertilizers.
Charleston Department
weather. About two-thirds of the crop of this section has been
picked to date, and planters are sending cotton forward freely. covers the Slate of South Carolina, and is prepared and issued by tho
The thermometer has averaged 50 during the week, the highest Charleston Cotton Exchange, through their Committee on Information
and Statistics, composed of A. Norden, Chairman, R. D. Mure, E. Willis
being 09 and the lowest 34, and the rainfall has reached one and L. J. Walker.
inch and seventy-eight hundredths.
South Carolina.—61 replies from 29 counties.
Charleston, South Carolina.—We have had rain on four
The weather during October is reported by 58 as favorable to very
days the past week, with a rainfall of one inch and sixty-five favorable and by 3 as unfavorable. In comparison with last year 35
hundredths. The thermometer has ranged from 42 to 70, aver¬ report more favorable weather, 17 about the same (several of whom add
that it was exceptionally good last season), and 9 less favorable.
aging 54.
.
Frost is reported from every county, as early as 14th to 20th October
The following statement we hare also received by telegraph,
in the upper counties, and from 23d to 27th October in the lower
showing the height of the rivers at the points named at 3 o’clock counties.
November 18,1880, and November 20, 1879.
The damage reported is but slight, except from 5 correspondents, who
Xov. 13. ’80. Xov. 20.’79
state that the entire top crop is destroyed.
Feet. Inch
Inch..
Feet.
Inch.
Feet.
Picking has progressed very favorably. The average of crop picked
14
3
8
12
to 1st November was 75 per cent, and with few exceptions it is esti¬
Below
mark
..
New Orleans
high-water
4
5
5
11
mated that picking will be over by 1st December.
Memphis
10
Above low-water mark...
7
0
7
Seventeen correspondents report the'crop larger than last year from 5
Nashville
Above low-water mark...
Missing.
10
8
to 25 per cent, 24 about the same, and 20 from 5 to 20 per cent decreaseShreveport....
Above low-water mark... Missing.
3
10
The thermometer
inch.
has averaged
37, the extreme range
thermometer 35, highest 55 and lowest 1(5.
[ft!
same as
Vicksburg
Above low-water
mark...
On average
reported below liigh-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 10, 1874, which is O-lOtlis of a foot above
1871, or 10 feet above low-water mark at that point.
New Orleans
*
de¬
noted
in
hear of anything
held
qualities at
small sales
changed,
and are steady in tone, dealers still quoting 2 ll-10(ci2%c. for
paper grades and 2%@3c. for bagging qualities.
Gunny Bags, Bagging, &c.—Bagging has been in light
mand, and there is not much movement to be
even
this wajr. Prices are steady, and we do not
to be had below our quotations at the moment; 1% lbs. is
at 9M@10c., 2 lbs. at 10%(3>llc. and standard
ll%@12c. Butts are not active, and beyond a tew
we do not hear of any transactions.
Prices have not
Crop.—The latest advices from Bombay repre¬
sent the crop promising well. The Bombay Prices Current
of the 9th October states:
As regards crop prospects, there is really nothing to add to
previous reports. In every district the plants are now
India Cotton
“
doing
day renders the out-turn more assured.”
The same authority, under date of Oct. 15, says:
Crop accounts are much the same as before. Hingunghaut
is reported to be a large crop, and some parcels will be available
in a few weeks. The accounts of Oomra have improved, both
as regards quantity and quality, and we expect we shall have a
fair yield, while Dhollera ana Broach will both be large and
well, and every
“
good.”
Wallace & Co. of Bombay are to
about the same effect as the foregoing.
Agricultural Department’s Crop Report.—The following is
the statement of the Department issued this week as to the
cotton product this year. It will be seen that it does not give
figures that would justify one in making a definite estimate as
-
The advices
from Messrs.
total yield.
The reports from the cotton belt were more
month than last. In the States of North Carolina and South
Carolina, Georgia and Florida, the weather has been good, and
the prospects are for an increase of product of from
per
to the
favorable this
cent.
'
7 to 15
and all the States bordering on the Mississippi
reported too much rain and damage from rot and
boll-worm, indicating a decrease in the product since a year.
In Texas the weather has been generally favorable, and the
In Alabama
River there is
of the whole
State we estimate a
small increase.
Savannah Department.
Florida. The
Exchange, through
of J. H. Joliuston, Clavius Phillips, J. J. Wilder, L. G. Young and F. M. Farley.
This report covers the State of Georgia and the Stale of
report is prepared and issued by the Savannah Cotton
their Committee on Information and Statistics, composed
Georgia.—58 replies from
37 counties.
for the month of October was
except in a few favored localities there
The weather
year;
much rain."
There was frost several days during the
but except in spots in the upper
and tender cotton no damage was done.
Three-fourtlis of the crop
finished early in
December.
less favorable than last
has been a great deal too
month, beginning on the 20th,
portion of the State and on very late
is declared to be picked, and picking will be
and middle portions of the »State will exceed
northern section the yield will be less. The out¬
bg in excess of last year’s yield ; the per¬
centage of increase is estimated to be about the same as the increased
acreage—say seven to teu per cent.
There is a general complaint that not only lias picking been seriously
interfered with by bad weather, but the quality of the cotton has been
injured and quantity diminished. A few of our correspondents intimate
that we may look for a yield from the second growth in certain locali¬
ties, if the weather is favorable and frost is further delayed.
Florida.—14 replies from 9 counties.
The character of the weather since the first of October has been gen¬
erally too rain}*, still ratlier more favorable than last year. There were
slight frosts on the 25th and 29tli of the month, doing no damage. The
crop is reported to be two-tliirds picked aud picking will be over about
the first of December, the yield will be about the same as last rear.
In
the Sea Island section there has also been too much raiu, no damage
from slight frost on the 25th, about three-quarters of the crop is picked,
aud picking will be finished by the first of December. The yield will be
about the same as last year, probably a little less.
Some damage re¬
ported from storm and rain.
Mobile Department
The yield in the southern
last year’s, while in the
turn of the whole State will
‘
^y
— ■■ —
7
—
A
7
—•
**7
-
Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisbamingo. The report, is prepared and
U
f
Lowndes,
issued by
through their Committee on Information
T. K. Irwin, Chairman, Julius Buttner, 3.
G. L. Hopkins.
Alabama.—36 counties, 57 replies.
The weather is reported as having been fairly favorable in the east¬
ern and northern counties and unfavorable in the western and middle
counties, aud, as compared with last year, six small counties and two
rich counties report it “more favorable’’; all the others report “less
favorable.” There were light frosts about the 2id to 25tli, but no dam¬
age therefrom. About 78 per cent of the crop is reported as having
been picked, and all will be harvested from November 15 to December
1. The estimated yield, as compared with last year, is reported as being
17 per cent less in 19 of the most productive counties and 10 per cent
the Mobile Cotton Exchange,
aud Statistics, composed of
Haas, G. Thos. Cox aud
less in
the small
counties.
r
November 20,
THE
1880.1
CHRONICLE.
Cotton
Mississippi.—17 comties, 27 replies.
reported as having been favorable in 8
counties and unfavorable in 0, and. as compared with last year, equally
Light frosts reported, but
as favorable in 7 and less so in 10 counties.
no damage therefrom.
About 02 per cent of the crop has been picked,
The weather during October is
and all will be gathered about December 1. The yield is estimated in 4
small counties as 5 per cent more and in the 13 remaining counties 24
per cent less than last year.
New Orleans
Department
that part of the Slate of Mississippi not apportioned to the Mem¬
phis and Mobile Cotton Exchanges; the entire State of Louisiana,* and
the State of Arkansas south of the Arkansas River. The report is pre¬
pared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Win. A. Gwyn,
Chairman, W. II. Howcott, Scott McGehee, Jolm Lawson and J. P. N.
Baquie.
covers
Louisiana.—03
replies from
31
541
parishes;
average
date
Exchange, through their Committee on Information ami
Statistics, composed of H. M. Neely, Chairman, H. C. Hampsou, T. H.
Hartmus, H. F. Rose, H. Furstenlieim, W. A. Gage and J. C. Johnson.
West Tennessee.—41 responses.
October—Five report generally favorable; 12 moderately
favorable, rather too much <rain; 24.very unfavorable, owing to exces¬
sive rains.
Compared with October, 1879—2 report more favorable on
Weather for
account of less rains; 9 about same;
excessive rains. Frost—All report
39 much less favorable, owing to
having had frost, the first at dates
ranging from 11th to 22d, followed by killing frosts; average date of
first frost October 19; alUreport no damage done.
Crop Picking—Is
reported at from 33 to 75 per cent completed, averaging 54 per ‘ceut;
date of completing is given at from November 15 to January 15, aver¬
aging Decomber 7. Yield— The yield per acre as compared with 1879 is
reported at from about same to 50 per cent less, averaging 29 per cent
less. Miscellaneous, see Aggregate.
North Mississippi.—43 responses.
Weather for
October—Three report generally favorable; 10 moderately
October 31.
favorable, but rather wet;
The weather up to the 27th is reported as favorable to the crop, and
less favorable as compared with last year; since the date mentioned
rains have been general. Light frosts occurred from about the Kith to
the 20th, causing little or no damage. The proportion of crop picked
averages 00 per cent, and picking, weather permitting, will he finished
about the 12th December. The yield, as compared with last year, is
reported to be about 2S per cent less, excepting in the parishes of East
Raton Rouge and the Foliciauas, which report an increase of 15 per
cent.
cloudy weather.
Mississippi.—32 counties, 115 replies;
tober 31.
#
average
date Oc¬
'
The weather was generally favorable up fb the 27th; since then
there have been heavy rains. On the whole the weather is decidedly
less favorable than last year, as thou it was very fine for the crop.
A
light frost appeared about the 19th, but no damage reported. Sixty per
cent of the crop lias been picked, and picking will be finished about
December 20, weather permitting. The yield averages 29 per cent less
than last year.
Arkansas. —113
October 31.
replies from 34 counties;
average
date
lias
been decidedly less
favorable.
Heavy rains occurred generally
during the last few days of the month. From the 15th to the end of the
month frost fell all over the district, but no damage is reported from
that cause. About 50 per cent of the crop is picked, and picking will be
finished about December 20. The yield promises to bo 25 per cent less
than last year.
Galveston
covers
Department
the State of Texas, and was prepared and
through their committee on Information and Statistics,
composed of J. D. Skinner, Chairman, H. Dreier, T. J. McCarty, J. M.
King and Chas. Kellner.
Texas.—06 answers from 74 counties.
1. Tin character of the weather since October 1 is reported good by
eighty correspond “its an 1 wet by sixteen.
2. Fifteen correspondents report the weather more favorable for gath¬
ering than same time last year; thirty-one the same, and fifty less fav¬
orable.
Ninety-six reply no damage from frost.”
Ninety-six reput an average, of 60 per cent of the cotton picked;
eight report picking will probably be finished by November 15, three
by November 25, fifteen by December 1, twenty-two by December 8,
twelve by December 23, sixteen by January 1, twenty no replies.
5. Twenty report the yield, as compared with last year, as being an
average of 25 p:.v emt less, twelve
30 per cent more.
A number of o.ir correspondents
the
same,
sixty-four
an average
of
complain of sickness and scarcity of
labor.
part of the State of Georgia.
The report is pre¬
pared and issued by the Augusta Cotton Exchange, through their Com¬
mittee on Information and Statistics, composed of L. L. Zulavsky,
Chairman, S. M. Whitney, A. M. Benson, Geo. W. Crane and F. W. Reid.
Georgia.—47 replies from 18 counties;
average date Oct. 30;
Thirty-six of our correspondents state character of weather as good
to excellent for maturing and picking the crop; 10 report it as unfavor¬
able; 2 being on account of excessive rains and 1 on account of cold,
1.
windy storms.
2. Twenty-three replies state the weather to have been more favorable
in all respects than last year, 14 as same, and 9 as less favorable.
3. In a fe w localities very slight frosts wore experienced from the lGtli
to the 19th of October, without doing any damage.
From the 23d to
26th, white frosts were general in all but three localities. In low lands
the leaves of the plant were pretty generally killed, and in a few sections
very young fruit was killed; but on the whole the damage reported is not
worth mentioning, only 2 correspondents reporting anything serious.
4. Four correspondents report as half to live-eighths picked; 32 as
two-thirds to three-fourths, and 10 as four-fifths to five-eighths; the
,
average points to three-fourths. Picking was expected to be completed
in most localities between 15th to 30th November. If top crop opens
freely, as it may, with open weather following the frosts, some localities
will not finish picking until Christmas.
5. Ten correspondents report an increase over 1879 of 10 per cent; 3
of 15 per cent;
5 of 25 percent; 2 of 50 per cent; 18 report a yield
fully equal to. or larger than, last year; 1 reports a decrease of 10 per
cent; 1 of 20 per cent; 4 of 25 per cent; 2 of 30 per cent. The average
increase is hard to indicate, so much depends now on the weather, and
what proportion of the top crop opens. The increase in this entire
section cannot fall short of 15 per cent, and is likely to reach 20 per
cent or more.
6. The localities which report a decrease from last year’s yield are
those which suffered greatly from drought, some small sections having
had no rains from late June into August, a period of seven to nine weeks.
The crop, as a rule, opened very rapidly, and there has been free picking
ever since it commenced, and the amount of cotton picked is far ahead
of any previous corresponding date.
While in some localities the staple
and grade is reported as superior to any preceding crop, in others—ow¬
ing to local storms—the quality was much impaired. Owing to the rapid
opening of cotton, the labor for picking has been short of the needs in
many places, and has commanded high prices, but, on the whole, labor is
reported very satisfactory. The severest frosts of the season, but as yet
no black frost, have taken place since November 1.
Their effect cannot
now be estimated, but with warm, dry and open weather following
them, the damage will not be material. The prospective yield in this
section cannot under any circumstances be impaired now by more than 5
per cent, while with favorable influences on the top crop, it may be
increased a great deal more.
Memphis Department
covers the State
of Tennessee west of the Tennessee River, and the fol¬
lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall.
De Soto, Tiwiea, Benton and Tippah, and the State of Arkansas north of
the Arkansas River. The report is prepared and issued by the Memphis
account of excessive rains. Frost—First frosts are
Arkansas, North of Arkansas River.—45
responses.
October—Five report favorable; 15 moderately favorable,
though rather wet; 25 very unfavorable, owing to excessive rains and
cloudy weather. Compared with October, 1879 —10 report about same;
Weather for
35 much less favorable on account of very
frosts arc reported, dating from 5th to 25th,
wet weather.
Frost—First
averaging October 18; all
report subsequent killing frosts, but without damage to cotton. Crop
Picking—la reported as being from 25 to 50 per cent complete 1, averag¬
ing 38 per ceut. Completion is estimated at from December 1 to Janu¬
ary 31, averaging December 10.
Yield—5 report an increase of from 5
to 20 per cent, 7 about same; 33 a decrease of from 10 to 50 per cent
less, averaging 17 per cent less yield per acre than last year. Miscella¬
Aggregate.
North Alabama.—11 responses.
Weather—Three report moderately favorable, but rather wet; 9 very
wet and unfavorable; all report less favorable than 1879, on account of
wet weather.
Frost—First frosts date from 17th to
23d October, aver¬
aging 19th; subsequent killing frosts have done no damage to cotton.
Crop Picking—Is reported as being from 33 to 50 per cent completed,
averaging 40 per cent. Dates for completion are estimated at from
December 15 to January 1, averaging December 17.
Yield—\ reports
yield per acre as in 1879; 10 report from 10 to 40 per cent
less, averaging 22 per cent less per acre. Much complaint is made in
regard to continued rotting of cotton by wet weather.
AGGREGATE—(129 responses.)
1. Weather for October—Thirteen report tiic weather very favorable;
37 moderately favorable but rather wet; 79 very unfavorable, owing to
excessive rains and cloudy weather.
2. Weather Compared with October, 1879—Two report more favorable
on account of less rains;
24 about same; 103 much less favorable on
account of continued rains and cloudy weather.
3. Frost—All report occurring frosts, first dating from 8tli to 25tli of
October, averaging October 18; all report subsequent killing frosts, but
without injury to the crop; on the contrary,eit is generally reported that
benefit has been derived by the killing and shedding of foliage, and
thereby exposing the bolls to suu and wind.
4.
Crop Picking—Picking progress is variously reported at 25 to 75
per cent having been gathered, averaging 47 per cent; the dates given
for completion range from Nov. 15 to Jan. 31, averaging Dee. 9.
5. Yield—Five report an increased yield per acre over last year of
from 5 to 20 per cent; 10 about same; 114 a decrease of from lu to 50
cent, averaging 23 per cent decreased yield per acre from last year.
6. Miscellaneous—Throughout this entire department there is great;
per
Augusta Department.
This report covers
on
reported by all, dating from 16th to 23d, averaging October 19, followed
by killing frosts, all reporting no damage. Crop Licking—Is reported
as being from 25 to 75 per cent gathered, averaging 49 per cent; dates
of completion range from November 15 to January 15, averaging
Decembor 8.
Yield—Is variously estimated at from about same to 50
per cent less per acre than 1879, averaging 24 per cent less per acre.
Miscellaneous, see Aggregate.
about same
issued by the Galveston
Cotton Exchange,
3.
4.
30 very unfavorable, excessive rains and
Compared with October, 1879—5 report about same; 33
much less favorable
neous, see
Nineteen counties report the weather to have been good. Fifteen
report it to have been unfavorable, but as compared with last year it
.
,
complaint of continued rotting of cotton, especially of the later growth,
owing to almost incessant rains and cloudy weather. Much of this por¬
tion of the crop is partially open, but, not receiving sufficient sunshine
or dry winds, absorbs the rains, and decays.
Much of it is not open that
would make good stain cotton, but which must prove almost entirely
worthless without fair weather at an early day. On the Mississippi
River plantations, and in many portions of Arkansas, there is serious
complaint of lack of laborers to save the crop; the only attributable
reasons given are the inducements offered to work on railroads.
In some
portions of Tennessee and Mississippi upland regions considerable com¬
plaint is made of discouragement of cropping laborers, owing to very
short crops and bad weather, causing much indifference toward saving
the crop.
Comparative Port Receipts and Daily
1879.
1880.
Tot.Oc. 31 1,426,796 1,222,135
Nor. 1
“
2....
44
3....
“
4...
“
5....
44
6....
46,514
37,897
33,538
41,655
55,664
29,924
44
7....
8.
—
“
8....
“
9....
“
10....
“
11....
44
12....
44
13....
40,193
35,8 42
31,966
26,138
51,779
38,451
“
14....
8.
“
15....
44
16....
44
17....
44
18....
44
19....
Total
49,862
41,557
31,535
34,094
61,119
30,704
8.
i
46,140
38,310
30,902
29,682
49,349
28,562
8.
46,594
32,349
32,278
36,503
13,440
35,631
„
Crop
1877.
1878.
678,959
31,773
29,165
33,775
978,112
27,243
21,848
8.
Movement.—
912,128
29,119
35,041
32,597
779.393
18,611
30,115
33,481
30,964
8.
26,392
22,674
27,896
23,380
44,314
8.
31,771
29,528
18.G24
34,808
43,978
27,281
35,213
8.
44,599
37,082
35,431
27,963
40,324
27,149
53.835
8.
26,945
56,318
29,245
22,037
34,522
22,876
8.
32,833
33,448
24,002
22,793
35,647
26,421
.
28,463
32,005
28,026
31,603
34,892
39.097
23.170
S.
29,611
32,724
27,890
27,553
36,435
46,867
8.
8.
38,465
1875,
1876.
8.
*
8.
39,913
22,825
22,874
25,987
20,851
33,221
8.
.
39,947
26,145
29,522
25,498
31,614
12,114,524 1,803,184 1,450,259 1,212,149 1,457,525 1,248,823
Percentage of total
p’rt rec’Dts Nor. 19
36*15
32-60
27-89
36 09
29*80
This statement shows that the receipts since Sept. 1 up to
to-night are now 306,340 bales more than they were to the same
day of the month in 1879 and 664,265 bales more than they were
to the same day of - the month in 1878
AVe add to the table
[VoT. XXXT.
CHRONICLE.
THE
542
Total balee.
receipts which had been received to
percentages £>f total port
the
November 19 in each of the years named.
India Cotton Movement from all Ports.—The
figures which
collected for ns, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tutieorin, Carwar, &c.,
enable ns, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to Nov. 18.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
are now
-
744
To Bremen, per steamers Weser, 765
Doqau,
hark Gutenberg, 920
*
To Hamburg, per steamers Vandalia, 550
To Antwerp, per steamer Plantyn, 450
To Rotterdam, per steamer Scheidam, 347
To Gibraltar, per hark Frank, 50.
To Naples, &c., per steamer Vincenzo Florio,
To Genoa, per steamer Egodie, 150
New Orleans—To Liverpool, per steamers Memling,
per
2,429
1,050
450
347
■ 50
757
150
Westphalia, 500
757.
2,411
Bertha, 6,002
Mark Lane, 5,500
Timsah, 150
J
22,013
To Havre, per steamer Rothesay, 4,400....per ship Annie
Bingay, 4,069
8,469
To Bremen, per steamer Sahara, 2,068
2,068
Receipts.
Shipments
since
Jan.
1.
Shipments this week.
To Antwerp, per steamer Hector, 1,050..1,050
Since
This
To Reval, per steamers Naworth Castle, 5,226..Douro, 5,450 10,670
Conti¬
Great
Year Great Conti¬
Total.
Jan. 1.
Week.
To Trieste, per baric Knut Alfsson, 950
Total. Britain nent.
950
BriVn. nent
Savannah—To Liverpool, per steamer Jas. Gray, 4,697 Upland
per ship Missouri, 3,003 Upland
7,700
6,000 1,118,000
2,000 362,000 505,000 867,000 4.000
1880 2,000
842,000
To Bremen, per steamer Azalea, 5,392 Upland
5,392
612,000
252.000 360,000
1879
To Barcelona, per steamer Anna de Sala, 2,677 Upland
887,000
? 2,677
i'ooo i’.d’oo 321,000 396,000 717,000 5,000 1,054,000
1878
To Malago, per steamer Anna de Sala, 1,500 Upland
1,500
802,000 6,000
379,000 423,000
1877
Texas—To Liverpool, per steamers Irnbros, 5,187
Redewator,
4,001
Sarah Ann, 3,452
12,040
According to the foregoing Bombay appears to show an
To Havre, per bark Orienten, 1,122
1,122
increase compared with last year in the week’s receipts of 2,000
Norfolk—To Liverpool, per steamer Dallam Tower, 5,530
bales, and an increase in shipments of 2,000 bales, while the
per bark Ruth Palmer, 3,328
8,853
To Cork, for orders, per bark Flora, 1,805
..
1,805
shipments since January 1 show an increase of 255,000 bales.
,766
The movement at Calcutta, Madras, Tutieorin, Carwar, &c., for Baltimore—To Liverpool, oer steamer Laplace, 766
To Bremen, per steamer Hermann, 1,882
1,882
the same week and years has been as follows.
Boston—To Liverpool, per steamers Illyrian, 64G
Minnesota,
CALCUTTA. MADRAS. TUTICORIN. CARWAR. RANGOON AND KURRACHEE.
1,055....Hecla, 7; 1....Bulgarian, 129
2,541
Philadelphia—To Liverpool, per steamer Lord Clive, 2,055
2,055
since
Snipmcnts
January
1.
Shipments this week.
San Francisco—1Tc Liverpool, per bark Tamaya, 10 (foreign) ...
10
Conti¬
Great
:
Total
108,850
Year.
Conti¬
Great
Total.
Total.
nent.
Britain.
nent.
Britain.
The particulars of these shipments, arranged in our usual
209,000
141,000
1,000
1,000
The above totals for
the ports other
79,000
this week show that
292,000
318,000
211,000
130,000
84,000
109,000
70,000
51,000
203,000
1880
1879
1878
1877
the movement from
than Bombay is the same as last year. For the
whole of India, therefore, the total shipments this week and
since January 1, 1880, and for the corresponding weeks and
follows.
FROM ALL INDIA.
periods of the two previous years, are as
EXPORTS TO EUROPE
all Europe
to
from—
867,000
292,000
612,000
3 L 8,000
1,000
1,000
717,000
211,000
2,000 1,159,000
930,000
2,030
928,000
2,000
Bombay
All other p’rts.
Total
This last statement affords a very interesting comparison of the
total movement for the week ending Nov. 18, .and for the three
years up to date, at all India ports.
Alexandria Receipts and
Shipments.—Through arrangements
Liverpool
have made with Messrs. Davies, Benaclii & Co., of
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the
and shipments for the past week and for the coi
of the previous two years.
- • .
we
receipts
responding week
Alexandria, Egypt,
Nov. 18.
Receipts (cantars*)—
Exports (bales)—
To Liverpool
To Continent
Total Europe
Th is
Since
week.
Sept. 1.
| week.
This
580,000
Since
This
week.
Since
Sept. 1.
47.000
12,514
13,000
L0,379
81,606
33,337
23,010
59,514
123,379
II0.443!
2,000
43.500
12.500
10.000
56,000
8,000
A cantar is 98 lbs.
This statement shows
that the receipts for the week ending
Nov. 18 were 140,000 cantars and the shipments to all Europe
were 23,010 bales.
Manchester Market.—Our report received from Manchester
to-night states that quotations are lower and that the market is
quiet at the decline. We give the prices of to-day below, and
leave previous weeks’ prices for comparison:
8*4 lbs.
328 Cop.
d.
Sep. 17
“
24
1
“
8
“
15
“
22
“
29
Nov. 5
“
12
“
19
Oct.
9*8®
9*8®
9 *4 ®
9*8®
9*4®
d.
8.
97s 6
978 6
9 7e 6
93i 6
97b 6
9^10*8 6
O^a® 10*8 0
6
9. *4 2)10
9*42)10
9*4® 97a
Mid.
Shirtings.
Twist.
6
6
d.
s.
9
®7
9 ®7
7*g ®7
7 ®7
8 ®7
d.
9
9
9
8
9
0
0
0
0
9
®8
9 ®8
®8
9
9
®8
7 **2® 7 10*3
JJplds
d.
32s Cop.
1 wist.
d.
d.
®9*2
®9*3
8*uK;®97lfi
®938
61*16 9
6^
9*lG®9I*i6
73ie 379
37e
Sli?.
9*8
9*8
6*3
9*8
0716 9*4
9*4
6^8
6 84
8.
6
6
6
G
2,055
10
d.
s.
3 Til
3 ®7
-3 Til
®93i
4*s®7
6 4yio®7
6 4*3®7
6 4 *3® 7
G 4*2®7
®97s
®978
6
6
®7
4*3®7
d.
6
6
6
7*2
reported ashore on Cape Henry, was floated at midnight, Nov. 13.
and arrived up at Norfolk, under steam, A. M. 14th. One thousand
bales of cotton had been taken off. She had five feet of water in
her hold on arrival, probably having started rivets; will go into
discharge the balance of cargo.
reported at Port Eads, sailed from New Orleans, Nov. 13, lor
Liverpool.
flat loaded with cotton, in tow of steamer D. Murchison, ran on a snag
near Kelley’s Cove, about 50 miles up the Cape Fear Rivor, N. C.,
Steamer A. P. Hurt and steamer
on afternoon Nov. 7, and sunk.
Wave went to her assistance. The steamer was hound for Wil¬
mington, aud the flat had on it about 303 bales of cotton, the
damage to which will probable not be material. The cotton was
recovered and taken to Wilmington, Nov. 9.
Cotton
freights the past week have been as
-Do
sail
c:
38®716
9
67g
7*3
6 34
News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
108,850 bales. So far as the Southern ports are concerned, these
the same exports reported by telegraph, and published in
With regard to New York, we
the Chronicle last Friday.
include the manifests of all vessels cleared up to Wednesday
are
To(al balcs
New York—To Liverpool, per steamers Triumph. 3,404
Gleneorse, !,028
England, 995 ...City of Chester, 478
1,287
7,998
700
220
525
Do
Do
sail
c.
*3® ®8
*3® 58
*3® Sg
716®12
C78
Fri.
Thurs.
^i6® **32 916® **i'2
Liverpool, steam d. ^16®1132 516®U32 °16'®1132 5ie®**32
Do
sail...d. 732®932 732®932 732®932 732® 932 732®932 732®932
**16®^ **16®% 1 lia® 34
Havre, steam
c. 1*10® 34 1*1G® 34 **16® 34
sail
73e
6%
follows:
Wcdnes.
Tucs.
Mon.
Satur.
Baltic, steam—d.
9
for Liverpool, befoie
Corkey, from Galveston
Timsah, steamer (Br.),
possibly
Yard for repairs, aud may
dock at the Norfolk Navy
6^8
7*3
7*3
7*3
reported as having
picked
from
<3916
6Ull3
61*16
date of disasters to vessels
Bonnet Reef, is
....
6*3
4,227 1,857 108,850
700 bales to Hull and
Cork, for orders.
entirely broken up in a heavy southeast gale Nov. 11. Scarcely a
vestige of her remains. A large quantity of stuff from her,
up and taken to Newport, awaits instructions for its disposal
the agents of the steamer.
Sandringham, steamer (Br.), from Galveston for Liverpool, before
....
d.
13,762
10,663
2,648
2,541
2,055
10
give all news received to
Hamburg, steam, d.
Do
sail...d.
Amst’d’m, steam.c.
Do
sail., .d.
1Iplds
4,177
•.
5g® %
Shirtings.
Gallia, 285 ...Citv of Richmond, 521....Arizona,
To Hull, per steamer Otranto, 700
*
To Barrow, per steamer Alexandria, 220.
To Havre, per steamer F. De Lesseps, 525.
1,382
SgSlllg
*3®°16
5g® 3^
8*4 lbs.
night of this week.
we
dc. Total.
907 14,676
950 45,226
17,269
dc.
50
*.
*2®916
Shipping
8,858
766
2,541
Iona, Naples,
Malaga Trieste,
dam. Bcval.
797
1,050 10,676
Havre, burg.
525 3,479
22,013 8,469 2,068
7,700 ...5.. 5,392
12,640 1,122
7,998
c.
CotVn
Mid.
6
Rotter-
Bremen, steam, .c.
1879.
1880.
Ham-
for destination Nov. 11.
Rhode Island, steamer, ashore on
Sept. 1.
*
CotVn
Below
A
16,000
7,010
and
carrying cotton from United States ports, etc.:
Dalbeattie, steamer (Br.), before reported at Galveston, in distress, &c.,
sailed Nov. 5 for Havre and put into Halifax on the 15th for coal.
Imbro, steamer (Br.), from Charleston, S. c. for Havre, which arrived in
the English Channel. Nov. 11, is supposed by her captain to have
been badly strained in heavy weather, experienced on the passage.
Potomaq, steamer (Br.), Watson, from Norfolk, Va. for Liverpool, before
reported as having put into Halifax, N. S., in distress, had shipped
a new crank shaft Nov. 10, comideted other repairs and proceeded
100,000
220,000
1,340,000
140,000
775,500
This week....
Since Sept. 1
and
Total... 64,581 10,116 12,821 1,847 10,676
Included in the above totals are from New York,
220 bales to Barrow; from Norfolk, 1,805 bales to
1378.
1879.
1830.
Barce-
Bremen Antw'p
pool.
New York..
N. Orleans.
Savannah..
Texas
Norfolk....
Baltimore..
Boston
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
follows.'
Liver-
1878.
Shipments
are as
Philadelp’a
S. Francisco
1879.
1880.
form,
Vanguard, 3,550
4,400
By well Castle,
•
34
34
716®*3
716®12
71G
38 ®710
38®7J6
38®716
Liverpool, we
week’s sale3, stocks, &c., at
Liverpool.—By cable from
statement of the
Oct.
Sales of the week
Sales American
Of which exporters
bales.
took
Of which speculators
Actual export
Forwarded
Total
....
took..
stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
The tone of the
29.
55,000
40,000
7.200
3,300
7,700
4.200
360,000
228,009
48,000
43,500
301,000
268.000
week ending Nov.
been as follows:
19, and the daily
'
....
710®*2
38®716
716® *2
38®71G
have the following
that port:
Nov. 5.
Nop.
38,500
7,700
2,900
5,800
8,100
407,000
278,000
103,000
93.000
233;000
251,000
12.
66,000
49,000
9,100
2,500
53,000
Liverpool market for spots
*3®91G
58® 34
....
.....
....
....
*3® ^8
58®1116
....
....
....
....
%
%
....
*3® r>8
*3®58
58®**16 58®**16 58®*11G
*2®91G
*3®916
*3®916
%®%
S8®34
-
Nov.
19.
693)00
57,000
7.400
3,700
8.200
6.400
13,000
424,000
301,000
14,500
4 42,000
316.000
92,000
81,000
236,000
252,000
and futures eaoh
97,000
79,000
239,000
217.900
day of the
closing prices of spot cotton,
nave
November
Market,
12:30 p.m.
)
Mid. Upl’ds
Mid. Orl’ns.
Market,
5 p.m.
Friday.
Good
Firmer A
61*16
630
6%
63s
6716
6**16
67ic
6**i6
GH
67|0
6*ti«
?
]
8,000
Spec.& exp.
1.000
-
Futures.
5 P. M.
Thursday.
\
{
10,000
1,000
10,000
1,000
12,000
2,000
12,000
2,000
Barely
Steady.
Dull.
steady.
Steady.
Barely
steady.
Saturday.
d.
d.
Delivery.
Nov....
6H32
Feb.-Mar
6»i6
Jan.-Feb
6832
Mar.-Apr
61*32
Delivery.
April-May
May-June
d.
6%
67is
Monday.
Nov
Jan.-Feb.
6H32
May-June
Mar.-Apr
Apr.-May
May-June
61332
67ig
6*3
Mar.-Apr
May-June
Jan.-Feb
Oct
G^
6^8
Feb.-Mar
G5is
Mar.-Apr
Gi332
61332
GH32
G**32
6H32
Jan.-Feb
Feb.-Mar
63s
Dec.-Jan
Feb.-Mar
638
6**>32
G^ig
6**33
63s
6^32
65i0
nL
6**32
6&;$ I Dec.-Jan
.6**33 I Feb.-Mar
Mar.-Apr
6 3s
------
--
Mar.-Apr
6H32 i
Nov
6H32
65i6
G516
.-..6**32
Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
67i6
6*533
Nov.-Dee
6832
6**33
Mar.-Apr
May-June
6*332
...6 *2
638
Nov
GH32
Nov.-Dee
Dec.-Jan
Feb.-Mar
6**32
Apr.-May
6I&32
6%
Friday.
Nov
61332
Nov.-Dee
Dec.-Jan
61330
,-6i332
..6*332
Jan.-Feb
Feb.-Mar
6*332
May-June
G9ie
Feb.-Mar
67je
Mar.-Apr
7]g© l°32
67ir© *2
Apr.-May
6*732
Mar.-Apr
G*»3o
BRE ADSTUPPS.
Friday, P. M„ Nov. 19, 1890.
depression in the flour market during the
past wreek, and prices of low and shipping grades lost a portion
of the recent advance. Foreign advices were less favorable, and
the export demand fell off in the face of a material increase of
supplies, at the West as well as at this market. Yesterday, how¬
ever, there was some recovery, in sympathy with the advance
in wheat, but without any especial urgency of demand. Rye
flour has been in better supply, and is lower. Com meal has
met with a fair demand. Buckwheat flour has favored buyers.
To-day the demand was good and prices again dearer, fully
recovering the decline made early in the week.
The wheat market was somewhat lower early in the week,
under the combined effect of dull foreign advices, large receipts
at the Western markets and accumulating stocks.
But on
Wednesday there was a better market, and yesterday consider¬
able excitement and buoyancy, promoted by firmer foreign
advaics end a storm along the line of the Erie Canal, threatening
its early closing and the detention all winter of the large supplies
afloat upon it, embracing 2% million bushels of wheat. No. 2
red winter advanced to $1 23% for December and $1 26% for
January, and No. 1 white to $1 23% for January. To-day there
was a brisk speculation, with No. 2 red winter selling at $1 26%
for January, and No. 1 white $1 24% for January; but the ex¬
port trade was slow.
Indian com was rather quiet during most of the week, and
prices gave way somewhat, especially for the grades other than
mixed, the supply having become more liberal. But yesterday
there was renewed activity at rather better prices, stimulated,
as in the matter of wheat, by the threatened early closing of
the Erie Canal and in the face of better foreign advices. No. 2
mixed sold at 60%c. for January. There have been large sales
of No. 2 white on the spot at 57%@59%c., in store and afloat.
To-day there was some further improvement, No. 2 mixed sell¬
ing at 62c. for January and No. 2 white at 60%c. afloat.
Bye has been quiet, and prices are barely supported. Barley
has met with an active demand for home consumption, and
prices are further advanced fully ten cents a bushel. To-day
there was a further advance asked and nothing done.
Oats have had an active speculative movement. This branch
of the business has latterly assumed large proportions. Yester¬
day there -were large sales of No. 2 mixed at 43%c. for Decem¬
ber and 44%c. for January. To-day the market was buoyant
There
was
25©
15©
75©
25©
15©
50®
75®
50®
90®
Grain.
Wheat—
No. 3 spring, $ bu.$l 14
®1 18
1 22
®1 23
1 15
©125
No. 2 spring T
Red winter
Red winter, No. 2
White
Corn—West, mixed
Western, &c
Brandy wine, Sco
Buckw.
30
60
20
59
00
41
43
1 15
1 05
92
82
58
1
6 25® 7 50 Oats—Mixed
White
5 35® 5 85
5 60® 5 90 Barley—Canada W.
3 00®
3 50®
1 15
57
State, 4-rowed...
State, 2-rowcd...
Peas—Can’da.b.&f.
Buckwheat
fl.,p. 100 lbs. 2 00®
The visible supply of grain, comprising
at the principal points of accumulation
©123
60
©
59*2®
59*2®
West, yellow
West, white
..
1 23*a®l 24
West’n No. 2
Corn meal—
©
60
61
60*s
©1 04
® 45
©
50
©1 30
©1 10
©
98
®
95
©
60
the stocks in granary
at lake and seaboard
ports, and in transit by lake, rail and canal, Nov. 13, was as
follows:
In store at—
New York
Do. afloat (est.).
Buffalo
Chicago
Milwaukee
Duluth
Toledo
Wheat,
Corn,
bush.
bush.
Oats,
bush.
3,017,770
929,129
95,412
1,200.000
400,000
665,000
318,000
167,400
26,000
778,990
134,000
399
3,766,220 1,275.052
299,639
26,815
210,668
174,720
25,000
16,183
860,194
5,718
22,810
75,000
150,000
620,252
6,979
500,000
171,774
96,335
2,731
14,820
85.458
46,067
20,030
313,241
11,064
10,280
9,256
66,068
23,000
1,212,278
198,862
7,332
54.038
230,713
Indianapolis
234,000
City
394,100
2,351,532
90,000
76,228
93,900
106,234
453,274
1,500,000
2,496,000
Total Nov.13/80 23,244,986
6. ’80
Oct.
Oct.
Oct.
Nov
30,’80
23, ’80
16, ’80
15, ’79
173,033
21,977
95,120
Nov.
49,434
52,000
65,000
4,482
16,890
Montreal
Baltimore
On rail
On lake (est )
On canal (est.)....
Rye.
bush.
1,017,095
290,000
812,542
1,894,957
123,302
78,271
Kansas
bush.
100,000
98,000
St. Louis
Boston
Toronto
Peoria
Barley,
4,520,267
359,736
4,238,986
Philadelphia
Thursday.
Feb.-Mar
family brands
shlp’g extras.
Rye flour, superilne..
Oswego
May-June
June-July
4
4
4
5
5
5
6
5
4
4 10
4 40
4 30
5 00
6 75
5 40
6 75
8 50
5 75
6 25
Rye
Detroit
Wednesday.
Jan.-Feb
Feb.-Mar
extras.
Albany
Tuesday.
Nov
Nov.-Dee
Dec.-Jan
ig
mth’n
Liverpool for the same week are given
basis of Uplands, Low Middling clause,
The actual sales of futures at
below. These sales are on the
unless otherwise stated.
do XX and XXX...
Winter shipp’g extras,
do XX andXXX...
12,000
2,00 0
-
,
Quiet.
Delivery.
Flour.
inq. Tending
domand fr’ction’ly
freely
downw’d.
dearer.
freely met
freely met supplied.
67j6
Sales
Market,
Mod.
Good
demand
Easier.
J
Wednes
Tuesday.
Saturday Monday.
Spot.
543
THE CHRONICLE.
20, 1880. J
109,274
6,488
15,400
2,331
366,588
160,032
101,337
8,500
618,000
82,000
16,492,430 4.477,433 3,472.544
552.385
869,592
433,932
2,930,000
2,418,000
618,839
133,000
51,000
21,750,566 17,322,861 4,916,355 2,702,178
: 19.118,102 19.364,445 5,053,378 2,611,581 897,687
17,430,091 19,338,286*4,790,002 2,479.900 865,773
15,764,153 20,265,011 4.158.725 2.093,435 760,501
29,842,144 11,156,711 3,272/273 5,007,249 1,092,999
THE DRY G-OOD3 TRADE.
Friday, P. M., November 19, 1330.
some
Business has been
quiet in most departments of the dry
goods trade the past week, comparatively few out-of-town
buyers having appeared in the market.
There was a satisfac¬
tory movement in most staple cotton goods from first hands,
but transactions were mainly restricted to filling former orders,
and current sales were relatively light. Prints, dress goods,
and other seasonable fabrics were generally quiet, and the de¬
mand for clothing woolens failed to realize expectations. As
compared with the corresponding period of last year, business
is much more healthy in character, and almost wholly devoid
of speculation.
Domestic Cotton Goods.—The exports of domestics during
the week ending November 16 were 2,637 packages, distributed
as follows : Great Britain, 828 ; China, 715; U. S. of Colombia,
220 ; Hayti, 214; Brazil, 196
Argentine Republic, 126 ; Cuba,
72; Hamburg, 62; Dutch West Indies, 49; Mexico, 46; and
some minor shipments.
Brown sheetings and drills were in
steady demand, and Pepperell, Continental &c., sheetings were
advanced in price. Bleached cottons continued to move stead¬
ily, and fine shirtings—such as Wamsutta, New York Mills, Utica
Nonpareil, &c., were marked up %c. per yard. Colored cottons
were in fair request, and prices ruled steady at the late advance.
Stocks of bleached cottons are unusually light, and many makes
of brown sheetings and drills, colored cottons, &c., are in mea¬
gre supply, as are cotton warps and yarns. Print cloths were
quiet and prices receded to 4%c. for 64x64s and 3%c. for 56x60s.
Prints were dull, but there was a brisk inquiry for ginghams,
which fabrics closed firm with an upward tendency.
Domestic Woolen Goods.—There was an irregular demand
for woolen goods, but prices ruled firm on the most staple
fabrics. Heavy clothing woolens continued quiet, but light¬
weight fancy cassimeres and suitings received more attention
from clothiers, and fair orders for low and medium grades
were recorded by agents representing some of the most popu¬
lar makes. Cloakings continued quiet, and there was only a
moderate demand for repellents, tweeds and cashmerettes.
Kentucky jeans moved slowly, but there was a fair inquiry for
plain ana printed satinets by the clothing trade. Colored flan¬
nels were disposed of in small parcels to a fair aggregate
amount, and there was a satisfactory movement in blankets,
some makes of which have been slightly advanced in price.
Dress goods, shawls and hosiery were severally quiet, but
shrits and drawers were in fair request.
Foreign Dry Goods.—There was a moderate demand for
small parcels of imported goods, but no special degree of
activity was noticed in any particular class of fabrics. Low and
with sales of No. 2 mixed at 44c. for December and 46%c. for medium
grade black silks are now in lessened supply, and
June.
prices are a trifle firmer. Dress goods have been quiet, and
linen goods were in light demand, but steady.
The following are closing quotations:
Cor.of Montague &
This
act as
Samuel A. Strang,
Brooklyn Trust Co.
The
Clinton sts., Brooklyn,
N. Y.
BANKER
to
ministrator.
It can act as agent in the sale or
real estate, collect interest or
registry and transfer books, or
sale of Government and
Religious and charitable institutions,
Buys ar.d sells
connected with railways
Walston H. Brown & Bro.
TRUSTEES:
Alex. McCue,
Marvin. A A. Low.
B.Baylis, Henry K. Sheldon
John T. Martin,
Ripley Ropes,
Corlies.
ATTENTION GIVEN TO
SPECIAL
TIATION OF
Secretary.
Boardman,
Member of N. Y. Stock Exchange.
RUSSELL JSAGE for many
With
INVESTMENT Bonds a specialty.
INTEREST allowed on deposits.
ALL securities dealt in at the Exchange
and sold on
10
Wadsworth,
STREET
£
Wm. C.
IN
on
BROADWAY,
CITY
BOUGHT AND
See
quotations of City
Ed wa hi/ ^«
r.
.
SOLD.
SAND.
Investments
JonNSlCKELS.
Stock Exch.
BROKERS,
BANKERS AND
York.
BOUGHT AND SOLD ON
Wall Street, New
54
STOCKS AND
BONDS
COMMISSION.
COMMERCIAL PAPER
NEGOTIATED.
ALBERT H.
Member N. Y.
21
C. NOYES,
AND BONDS,
STOCKS
TELEGRAPH STOCKS,
COMPANY'S’ STOCKS,
TRUST
$;
STOCKS AND
RAILROAD
BONDS,
AND
MISCELLANEOUS
Wm. Elliman,
Co.,
COUKT, NEW
YORK,
Private Wire
“Cumberland,” Broadway and 22d
Street.
or on
York
T. H Curtis.
C. I. Hudson,
Stock Excb.
W. H. COX, JR.,
ii
Pomeroy, Cox &
BANKERS AND
OSCAR B-SMITH
Smith,
N.Y. Mining Exch’ge
Direct Line to
France.
TRANSATLANTIC CO.
GENERAL
New York
and Havre.
(new) No. 42street.
North River, foot
of Morton
by Eng¬
crossing the
Travelers by this line avoid both transit
lish Railway and the discomforts of
No.
New
Transact a General
he purchase and sale
ash or on margin.
Channel in a small boat.
CANADA, Franguel
Buy
and Sell
Banking Business, including
of STOCKS and BONDS for
Investment Securities.
P. O.
A. M. KIDDER.
BOX 2,647.
WAYLAND TRASK.
Marseilles,
PEliEIRE, Delaplane.
Villede
York.
Wed., Nov. 24,10 A. M.
Chours, Wed., Dec. 1,2 P.M.
Wed., Dec. 8,10 A. M
PASSAGE, (including wine;;
To Havre—First cabin, f 100 and $80.
Steerage
$26, including wine, bedding and utensils.
PRICK OF
Return
reduced rates.
Credit Lyonnais of
tickets at very
Checks drawn on
amounts to suit.
LOUIS DE
Paris in
BEBIAN, Agent,
6 Bowling
H. J. MORSE
1,522,820 35
231,455 16
$12,437,739 51
Total Amount of Assets
Six per cent Interest on the outstand¬
ing certificates of profits will bo paid to tho
holders thereof, or their legal representatives,
on and after Tuesday, the 3d of February next.
Fifty per cent of tlio Outstanding
Certificates of the issue of 1876, will bo
redeemed and paid to tho holders thereof, or
their legal
representatives, on and after Tues¬
day, tho 3d of February next, from which dato
interest on the amount so redeemable will
cease.
The certificates to bo produced at tho
time of
payment, and canceled to the
extent
paid.
A Dividend of Forty per
clared on the net earned premiums
cent is de¬
of the Com¬
pany, for the year ending 31st December,
for which certificates will bo issued on and
Tuesday, tho 4th of Jlay next.
By order of tho Board,
J. H. CHAPMAN,
1879,
after
j
Secretary*'
TRUSTEES:
Horace
J. D. Jones,
Charles Dennis,
ONLY
From Pier
BANKERS,
IS WALL STREET,
and Bills Re¬
.
BROAD STREET.
Steamships.
Between
dG Co.
500,000 00
estimated at
I
37
No.
SOLD uN
Memoer of the
Company,
BROKERS,
AND
COMMISSION.
C. A. Buttrick, Member of the N. Y. Stock Exch’ge
BOUGHT AND
York.
Buy and sell on commission, for investment
margin, aH securities dealt in at the New
Stock Exchange.
SECURITIES.
BROKERS,
Nos. 37 & 39 Wall St, New York.
BONDS. STOCKS and INVESTMENT SECURITIES
N. BOND.
BROKERS,
Street, New
Member N.Y.
1,307,900 00
Real Estate and claims duo the
ceivable
C. I. Hudson &
EDWARD POMEROT,
$8,875,558 00
and
secured by Stocks,
otherwise
Cash in Bank
Company,
Branch Office and
Assets, viz.:
City, Bank, and
Loans
Bought and Sold,
investment or
R. R. Lear.
840,736 77
York Stock,
other Stocks
Stocks, Bonds and Governments
strictly on Commission, either for
carried on margin.
Buttrick & Elliman,
RANKERS
PAPER.
deposits.
AND
1,524,331 04
The Company has the following
United States and State of New
Premium Notes
No. 34 New
3 EXCHANGE
3,875,101 26
paid during tho samo
period
Returns of Premiums and Ex¬
penses
VERNAM,
EDWARD
Stock Exchange.
DEALER IN
GAS
.
ber, 1879
carefully attended to.
BANKERS
NEW YORK,
NASSAU STREET,
nor upon
Losses
No. 45 Wall Street,
.Vernam &
at the
WM.
OF
general banking and brokerage busi¬
in Railway Shares and Bonds and Government
securities.
Interest allowed on
Brothers & Co.,
Sane*
Life Risks;
January, 1879, to 31st Decem¬
AND BONDS
Transact a
Member N. Y.
tit,
issued
been
Premiums marked off from 1st
SECURITIES,
fEstablished 1854.]
Railroads in this paper.
MAX E.
SAND
Theo. V.
BONDS
$5,371,048 49
;
Fire disconnected with Marine
Gwynne & Day,
ness
RAILROAD STOCKS &
miums
No Policies have
upon
QUOTATIONS IN THIS
SEE GAS
YORK.
NEW
YORK.
DEALT IN.
Commission. Ad-
H. L. Grant,
145
ALL KINDS
BROOKLYN
Wm. B. Wadsworth.
Sheldon.
No.
RAILROAD STOCKS
AND
securities bought and
All classes of negotiable
old at the Stock Exchange
ances made on same.
1,671,981 91
Total amount of Marine Pre¬
SECVRI TI E S,
STOCKS.
AND
BONDS
$3,G99,0G6 58
Risks.
STREET,
AND DEALERS
BANKERS
Marino
Risks, from 1st January, 1878,
to 31st December, 1879.. v
Premiums on Policies not mark¬
ed off 1st January, 1879
AND
bought
GAS
WALL
Premiums received on
GAS STOCKS
commission.
Sheldon &
THE NEGO¬
STREET, NEW
BROAD
19
BROADWAY, ROOM 39.
SO
York, January 2-4,1880.
conformity to the Charter of
the Company, submit tho following Statement
of its affairs on the 31st December, 1879 :
New
H. Prentiss,
Geo.
Years.
Mutual... Insurance Co,
SECURITIES.
RAILROAD
Lansdale
New York.
Pine Street,
11
THE
The Trustees, in
RANKERS,
Wm. B. Kendall, Henry Sanger,
John P. Rolfe,
Chas. B.
Thomas Sullivan, Abm.
H.E. Pierrepont, Han’IChauncey,
Alex. M. White. Josiah O. Low,
Austin Corbin. Edmund W.
WM. R. BUNKER,
-
BROWN.
FRED. A.
DROWN.
WALSTON n.
Citllkn,Counsel.
M.
undertaken.
ness
OF
ATLANTI C
MERCHANT,
Investment Securities. All busi¬
COMMISSION
AND
management of
dividends, receive
make purchase and
other securities.
and persons
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
RIPLEY ROPES, President.
C1IAS. R. MARVIN, Vice-Pres’t.
OFFICE
YORK,
SIREET, NEW
PINE
30
Company is authorized by special charter
receiver, trustee, guardian, executor, or ad¬
Edgar
Insurance.
Financial.
Financial.
t’=
fVOL. XXXI
CHRONICLE.
THE
544
Green.
Gray,
Edmund W. Corlies, 4
W. H. H. Moore,
John Elliott,
Lewis Curtis,
Alexander Y. Blake,.
Charles H. Russell,
Robert B. Mint urn,
James Low,
David Lane,
Charles H. Marshall,
Gordon W. Burnham,
Edwin D. Morgan,
A. A. Raven,
Wm. Sturgis,
James G. Dc Forest,
George W. Lane,
Robert L. Stuart,
Adolph Lemoyne,
Benjamin H. Field,
Josiah O. Low,
.Frederick Chauncey,
Charles D. Leverich,
William Bryce,
William E. Dodge,
William H. Fogg,
Royal Phelps,
Peter Y.
Thomas F. Youngs,
Thomas B.
C. A. Hand,
Horace K.
John D. Hewlett,
William
William H. Webb,
Henry Collins,
John L. Riker.
Charles P. Burdett,
King,
Coddington,
Thurber,
Degroot,
J. D* JONES, President.
Yice-President. ^
H. MOORE, 2d Yice-President. * -
CHARLES DENNIS.
W. H.
A- A. RAYEN,
T
3d Yice-President.,
@FedFRASER