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inanrtal
Mnmctttf1
MERCHANTS’
HUNT’S
MAGAZINE,
REPRESENTING TIIE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, NOVEMBER 22, 1873.
VOL. 17.
CONTE M TS.
these facts it is
new
THE CHRONICLE.
677
Boston & Maine Railroad
1681
678
The Clearjng-House Reform—
The Revenue and its Decrease..
The Decline of the Bank of Eng¬
Changes in the Redeeming
Agents of National Banks....
682
679
Lat est Monetary and Commercial
680
681
land Rate
The Scarcity of Money—One of
its Causes
The Outlook for the Iron Trade.
Commercial and
News
English News
682
Miscellaneous
€85
THE BANKERS’ GAZETTE.
Money Market, U. S. Securities,
Railwa/ Stocks, Gold Market,
Foreign Exchange, Boston
Banks, National Banks, etc.
Quotations of Stocks and Bonds
689
690
New York Local Securities
Investments and State, City and
Corporation Finances
686
THE COMMERCIAL
Commercial Epitome
Cotton
BreaastuOs
691
TIMES.
694 \ Dry Goods
698
695
700
} Prices Current —
698!
®l)c (KfyranicU.
The Commercial
Financial Chronicle is issued on Satur¬
news up to midnight of Friday.
and
TEBMS OF
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•about the fifteenth of each month.
ns
a
MONITOR
Intelligence, intended to supplement the
Chronicle, and published monthly on or
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to subscribers of the Chronicle
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tinued by letter.
Postage is paid by the subscriber at his oivn post-office.
william b. DANA,
{
WILLIAM B. DANA & CO., Publishers,
JOHN o.
FLOYD, jr. f
79 and 81 William Street, NEW YORK.
Post Office Box 4,592.
Subscriptions and Advertisements will be taken in London at the office of
the Chronicle, No. 5 Austin Friars. Old Broad
street, at the following rates :
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.
.
distinct
having no claim
ileges enjoyed by
the
to
the
committee
from
the
property
old
contemplate
old
one,
a
and
the
priv¬
though
perversion of the facts,
one.
or
to
This view,
plausible enough, is founded on a
and can scarcely mislead
any person of moderate intelli¬
gence.
What the Committee propose to do is this, to
prevent panics, and the bad banking which leads to
panics,
by the adoption of a few safeguards. These they have
embodied in half
a
dozen hew
rules, and have added them to
existing constitution, with whose spirit they thoroughly
harmonize. The amended document, both in its old
pro¬
the
m
improvements, is intended for the
new
mutual benefit of all the banks and of the
To affirm that the Committee of
general publiow
Nine, when they propose to
a new
word
or
two at the head of the
Articles of
Association in
place of the old heading of the. document,
slightest intention to effect any dissolution of the
Clearing House, or any rerj0nstructjon 0f
frQm the old
have the
$10 00
*
organization
substitute
SUBSCRIPTION-PAYABLE IN ADVANCE.
and
charged that the
visions and in its
day morning, with the latest
NO. 439.
.
materials
is
mere
trifl^g. If it is worth while to notice
objection at all it would be fully met by a slight change
in the proposition
the Committee of Nine, and when it
is ready for a v 0te
it can be designated as an amendment
or a new
art’iC|e 0f the Constitution, which it really is.
this
rMn
The se'c4O0<j
objection to the reform is even less worthy
Subscription to the Chronicle (including postage)
notu^ ^ contends that the Clearing House has no right
£2 2s.
6“
“
Monitor
“
“
i 0s.
Chronicle and Monitor together
r^terfere with the business of the backs, and that such
2 14s.
Advertisements, in either Journal, Is. per line each insertion; if ordered
for five
insertions, liberal discount is allowed;
Outside interference is an affront to the personal indepen¬
dence ot the bank officers, besides being a violation of the
$3jT“ The Publishers cannot be responsible for Remittances unless mar
Drafts
Post-Office Money Orders.
fundamental principles of enlightened banking.
^
But we
83?“ A neat file for
holding current numbers of the Chronicle is
office for 50
ask who constitute the Clearing House ? Is it not simply the
cents; postage on the same is 20 cents. Volumes bon0„Te
senbers at $1 50. The first and second volumes of the
Annual
or more
of
a
_
...
or
p
Chronic",
by the publishers.
0!^ Mr. Edward McFee is the authorized
traveling agerJ
■cial and Financial
Chronicle and the Railway Mont'
v
t
w
..v
wanted
banks themselves?
Where is the harm of the banks agree¬
in^Great Bdtain* ing freely together in their
own
Clearing House to do
business
THE CLEARING HOUSE
At the Bank Reform
Meeting
amendments
were
met
by three
exception to its form, the
its
©tails.
None of
strongly supported
^
re orm can com
jn
at
least
As
^
*
as
Thursday the proposed
Ejections. The first took
n ^
spirit> and the other to
objections are so vital or so
lead to any serious doubt that the
the Clearing House a vote as large
claimed for it last week.
the first objection it is founded
constitution
to
on the circumstance
Nine, instead of proposing their
the usual form have
digested it with the old
which it adds about a single page, the rest
{being’ substantially
jmittee also
a copy
give .the
ot the old constitution. The
com-
)nstitution a new name, and cal]
it the “Articles of Association
of the New York Clearing
House Association/5 and discard the old
“
new c
name,
The
Constitution
of the New York
future time.
But the mention of
the Committee of
Amendment in
according to a given rule, and to observe certain
principles of management in their dealings
one with another.
Viewed in this light, where is the hard¬
ship? Where is the inquisitorial tyranny that has made
so much clamor
among a few of the banks ? If the new
reforms are adopted at all they will be adopted by an open
vote, and they will be liable to revision or repeal at any
well understood
which
Clearing House.”
was
On
V*.
vote
brings up the objection how
far a vote is binding. This question is easily
answered#
though it has been much misrepresented. On the 6th
of June, 1854, when the New, York Clearing House
was ‘ first
organized, the constitution prescribed inits
24th article that at any meeting “ a majority of all th<*
members” miglit, by vote, change that organic instrument
by any needed amendments and reforms. Forgetful of this
rule, some of the banks now contend that “ unanimous”
consent is needful for the adoption of the amendments pro
a
i
I
posed by the Committee of Nine. If this exception were
allowed, it is clear that every bank having membership in
the Clearing House would enjoy the privilege oi a positive
veto on any proposed change;—which is, of course, under the
circumstances absurd.
Probably the error has arisen from
the peculiar terms in which the reforms of the Committee of
Nine are set forth, and it suggests another reason for calling
their proposition an “Amendment to the Constitution.”
The third objection lies against the details of' the
report, and we have little to add to what we said last
week.
It is a prudent maxim of reform “ not to
draw the cords too tight, lest they snap asunder.”
Such
maxims are difficult to apply, and in this difficulty lies
the test of wisdom and statesmanship.
It is gratifying
to know
that when, as in this case, nearly all the
banks are heartily opposed to the evils resulting from
the over-certification of cheques, from the payment of interest
on deposits,
from the clearing for ambitious savings institu
trons, and rotten warehouse companies, from the keeping of
insufficient reserves of cash in hand, and from other methods
of reckless business and bad
banking, a few errors as to sub
ordinate details cannot long stand in the way of a har¬
monious result. There is no sufficient reason why on
Tuesday
a
satisfactory or unanimous vote should not be arrived at.
As to the
not
rumor
that the banks which
are
dissatisfied will
scruple to secede from the Clearing House and are deter¬
organize a new Clearing House of their own, the
mined to
«
proposition is too wild for belief. These institutions cannot
afford to publish themselves as advocates of loose banking.
Besides, they are too few in number and most of them too
weak. Of the fifty-eight banks represented at the
meeting
on
Thursday, when the vote was taken on tabling the report,
only eight voted in the minority. In regard moreover to
the two essential features of the reform,
namely the certifica¬
tion of cheques and the payment of interest on
deposiis, there
is an overwhelming majority in favor of the
propositions of
the Clearing House Committee,
though the former rule was
not reached and will not be acted
upon till Tuesday.
W e observe oue suggestion of the Committee which
they did
not think proper to
embody in the proposed constitution, and
it has consequently attracted less attention than it
deserves.
We refer to the proposition that the loans of no bank shall
exceed two and a half times its
capital and surplus. For
our Scale banks the
Safety Fund Act appointed this same
limit, and the Revised Statutes extended the limit to three
times their capital. This is the law still
controlling our
Slate banks.
We would
not
indeed
[November 22,1873.
THE CHRONICLE
•
678
propose
at
in
this
reports. The aggregate amount of revalue this year is
1114,075,456, with deductions reducing it to $113,504,072 80. Of this sum nearly half is derived
fronrspirits
the duty on which amounts to 52 millions. On tobacco the
duty is 34 millions, and on fermented liquors 9 millions.
This total of 96 millions is thus derived from three articles
luxury, in accordance with the most advanced principles
Banks pay nearly four millions a year,
and stamps bring in seven millions or less than half of their
former yield.
The comparative aggregates of the several
taxes are shown in the subjoined table :
of fiscal science.
INTERNAL REVENUE FOR THE FISCAL YEARS
ENDING JUNE
$544,848 83
grapes..
Sprits, distilled, from materials other than
apples, peaches or grapes
Wine made in imitation of champagne, &c..
Rectifiers’ special tax
Manufacturers of
'$2,012,323
70
32,572,940 16
41,118,741 08
20 00
3,531 90
371,456 72
5,651 66
stills, and stills and
5,016,904 10
781,663 82
4,673 26
worms
manufactured
Stamps, distillery warehouse, for rectified
spirits, &c
formerly taxed but now exempt
sources
1873
1873.
AND
319,504 20
4,028 604 93
727,651 92
Dealers, retail liquor
Dealers, wholesale liquor
Other
30, 1872
1872.
Spirits.
Brandy, distilled from apples, peaches, or
797,290 75
10,479,003 91
*
415,367 90
2,374,709 30
.
r
Total
$49,475,516 36
Cigars, cheroots, and cigarettes
?
$8,940,391 48
119,294 44
497,092 49
24,073,683 10
1,082,048 60
22,315,809 62
53,576 25
116,917 53
110,514 60
■
Tobacco of all
descriptions
Stamps for tobacco or snuff intended for
export
..........
Dealers in leaf tobacco
Retail dealers in leaf tobacco
.
Dealers in manufactured tobacco
934,341 20
11,971 25
Manufacturers of tobacco
Peddlers of tobacco
sources
78
$7,566,156 86
Manufacturers of cigars
Snuff
Other
$52,099,371
Tobacco.
~
■
formerly taxed but now exempt
Total
363,137 40
153,228 07
5,594 60
8,003 14
1,663,552 02
11,808 20
50,694 96
44,602 80
$33,735,170 52
Liquors.
barrel on... $8,009,969 72
$34,386,303 09
248,528 74
304,650 21
109,463 80
$8,258,498 40
$9,324,937 84
Fei'nii-nted
Fermented
liquors, tax of $1
special tax
in malt liquors
per
Brewers’
Dealers
Total
$8,910,828 88
Banks and Bankers.
Bank
Bank
deposits.
capital
$3,643,272 19
$3,009,302 79
976,092 13
8,864 82
736,920 05
24,778 62
$4,623,229 14
$3,771,031 46
15,296,470 77
442,205 12
7,130,9,33 57
461,653 06
19,053,006 53
6,329,782 00
$130,890,096 90
$113,504,012 80
Bank circulation
Total
Miscellaneous.
Adhesive stamps
Penalties
Articles and occupations
now
formerly taxed, but
exempt
Aggregate receipts.
It will be
that in the three
prime subjects ot taxa¬
tion, spirits, tobacco, and beer, there is a gain of 5 millions,
obvious reasons.
But, the
as
one
aggregate being 96 millions, against 91 millions last
result of the panic, there is no doubt that the
year. The taxes relating to distilled spirits for the year 1872,
public scrutiny will be much more severe hereafter as to
the safeguards of our
banking system. And one of the produced $49;475,516, and for 1873, $52,099,371. The
increase from the gallon tax was
evils that will thus be
$10,013,376, and from the
kept in check is that of banks doing
special tax of rectifiers and dealers in liquor, $1,094,264,
business on too small a basis of
capital.
making a total increase from these sources of over
$11,000,000. The tax on distilled spirits was raised from
moment
to
incorporate such
Clearing House Constitution for
THE
a
regulation
Ihe
REVENUE AND ITS DECREASE.
The report of the Internal Revenue for the fiscal
year has
just been completed for presentation to Congress. We have
also received from the Bureau of Statistics an official
state¬
ment of the collections for the two last fiscal
Col¬
years.
lating these documents together
the National
we
find the outlook of
Treasury is pretty much es
repealing acts of 1872
would be when the
suggested it
were passed.
In
we
giving up so much of our fiscal revenue we took upon us
obligations of retrenchment and administrative economy
which Congress so far has been slow to fulfil. The
tax
system of this country is now much more symmetrical and
simple than it ever before appeared in the Congressional
seen
50 to 70 cents per
is due the
large
gallon August 1, 1872. To this advance
increase in receipts from this source.
The increase in receipts from
special taxes is due to an
earlier ar.d more thorough collection of
special taxes since
the introduction of the
present system of paying them by
stamps. A part of this $11,000,000 increase was, however,
offset by the loss of nearly
$400,000 during the last year
by the reduction of the value of stamps from 25 cents to 10
cents each, under the act of June 6,
1872, and by the
further loss of a little over $8,000,000 by
repeal, under the
same act, of certain
taxes, leaving a balance cf a little more
than $2,500,000 increase in receipts from
spirits.
As to th$ production of
spirits it has not fallen off, as
THE
November 22,18 < 3 J
quarters,
in some
was,
expected. The aggregate
CHRONICLE
million stsr
ling a month out of the pockets of the mercantile com.
i munity for extra interest alone, a tax has just been inflicted in
, this form amounting to several millions. If to this burden
cent in the discount
for the
From
with¬
is reported as follows in taxable gallons .
materials other than fruit, 08,236,567; from fruit, 2,914,800; total, 71,151,367. The tax collected on spirits
drawn from warehouse was $41,102,921, against $32,457,235 the previous year. The tax on imitation wines during
fiscal year
679
&
we
rate, takes a quarter
other losses inflicted
add
of
a
by the sudden advance
perhaps find that these taxes imposed
by the Bank are not overesti mated at 10 millions sterling
the year was $3,551.
The tax received on
since last summer. We know this seems a large sum; but
was in England all departments of trade in consequence of com
liquors at: $1 per barrel for the years 1872
$8,009,969, and $8,910,823 respectively.
petition cut their profits much finer than in this country, or
The third,taxable is tobacco, from which the receipts were
indeed anywhere else in the world.
When, therefore,
$34,386,303, showing a decrease of revenue from manufac¬ the whole
manufacturing and mercantile community have
tured tobacco of all descriptions of $1,172,917, and an
adjusted their prices on a basis which allows but 3 to 5 per
increase from the manufacture and sale of tobacco, snuff and
cent for interest—which is the usual rate,—it is easy to see
cigars in all their forms of $650,132. The actual product
how the whole of the organism of commerce and trade will
of the year, as far as reported, was 116,450,930 pounds,
be thrown into confusion and alarm whenever the rate is
showing an increase over the preceding fiscal year of
even temporarily raised from 3 or 4, to
8, or even 9 per
in the rate
we
shall
fermented
and 1873
9,180,079 pounds.
collected
were
was
The number of cigars, on which taxes
1,807,134,646, showing an excess over
cent.
justify the dislike and reluctance with which
advancing the rate last
month, and the readiness with which they reduce it
now
they see clearly that the advance does not attract
gold. The havoc wrought by a rise in the rate of interest
has been compared by an able writer to the destruction
caused by a freshet. The first movement floods the lowest
rich land of the valley, every successive influx submerging
more and more, the waters
reaching to higher and still
higher levels, and spreading destruction and terror far and
wide before them.
Such, he says, is the operation in
England of the raising of the Bank of England rate. It
submerges more and more of the field of commerce and
trade, and every successive point of advance inflicts greater
looses and more wide-spread ruin,
Without admitting the
analogy in its widest scope, we can readily understand the
sense of responsibility by which the Bank is actuated much
more
than are those advisers who have been urging it to
advance its rate boldly, until it succeeds in “ attracting
“Money,” in the sense of idle cap.
money from abroad.”
ital is not what the Bank wants. It wants “gold,” and if
gold refuses response to the rise in the rate, some
other attraction, more efficient, and more potent must be
These facts
fiscal year of 279,328,674. The whole receipts
sources exceeded the estimates by $4,075,456 08,
an increase to that amount, due to what is called
the preceding
from all
the Bank
showing
the elasticity of the revenue.
the estimate of the department is
that we shall receive from internal revenue no more than
100 millions. This estimated falling off is partly due to
considerations arising out of the panic, but it is chiefly owing
to the loss of taxes which were repealed by Congrass too
hastily last session and will probably have to be reviewed at
an early day to provide for the exigencies of the National
Treasury, which for the first time in the history of our
government we now see exhausted and under the necessity
of being supplied in time of peace by issues of paper
As to the current year
money.
OF ENGLAND RATE.
the Bank of England
has been obliged to reduce its rate; and on Thursday fixed
it at 8 per cent. The following table show? the latest returns
which have reached us of this institution with the previous
figures since July: ENGLAND DEPOSITS AND RESERVE.
THE DECLINE OF THE B1NK
As we intimated
last week
BANK OF
Banking Batenj
Deposit*.
£
July 30.
....
Aug. 6.
“
13.
“
....
Specie.
£
24,403,084
23,675,965
20.
“
....
23,989,301
27.
Sept. 3.
“
17.
27,591,061
10.
“
....
“
24.
Oct.
....
....
29,416,360
29,456,519
8.
“
....
15.
“
22
“
23,312,007
23,619,347
23,950,698
24,185,320
24,085,225
24,067,463
24,018,705
23,912,623
23.536,707
21,632,321
1.
“
Circulation.
....
....
27,584,764
24,747,665
22,981,415
21,015,317
19,722,801
19,435,899
19,452,212
19,379,683
29.
Nov. 6.
£
Loans.
£
reserve,
disc'nt.
£
25,888,655
26,622,440
26,237,075
25,897,675
25,766,360
26,307,230
25,840.925
25,565,780
25,298,260
26,678,140
26,900,165
26,861,765
26,326,370
25,906,765
30,445,232
30,148,527
29,7.66,909
29,785,450
30,806,957
33,656,537
34,712,485
34,943,417
35,055,699
37,938,197
36,612,202
35,032,961
33,044,552
32,235,072
12,423,352
11,996,907
12,713,623
13,287,645
13,318,865
12,760,233
13,177,780
13,346,813
26,308,395
32,473,062
p. c.
3%
j used. Meanwhile, as we
*
—
_
3
—
—
—
13,238,507
4
9,954,181
9,115,152
7,861,036
8,109,529
5
8,455,447
8
8,071,288
9
—
6
7
important facts are proved by this table ; first, that
prevented the culflow of specie
from the Bank.
For on the 17th of September, when the
rate was 3 per cent, the specie stood at 24 millions ; and as
the rate advanced so did the coin fall week by week, till it
stood at £19,379,683, from which point it has fallen still
lower since.
Secondly, the whole burden hr.s been thrown
Two
the rise in the rate has not
on
business. The bank loans have been contracted from 35
millions, and the deposits from 29 millions
millions.
As in such times as these a larger part
millions to 32
to 22
than usual of the
deposits are from other banks and bankers,
part belong to the public, we may easily
obtain some general idea of the extent to which mercantile
business has been pinched during the last six weeks by the
successive turns of the screw by the Bank of England. If
and
t
a
be
smaller
authorities shrunk from
said, 10 millions sterling is esti-
of los3 which this costly method of
netting gold has coat to British commerce. Had the Bankf
mated to be the amount
the expense of putting
these ten millions of gold into the reserve, the rate of
interest might not have had to be advanced beyond four or
6ve per cent, and the sacrifice of so large 8n amount of
capital by the mercantile community might have been
avoided, if the Bank had taken proper care to reject
finance bills, and otherwise to manage its discounts and
advances so as to check the export of gold.
It is not our business to answer all the objections which
have been brought against this suggestion, or to solve all the
difficulties that lie in the path of its execution. There is
one point, however, which has been raised that we must uot
pass by. As the Bank of England, is a private corpora¬
tion, organized to earn profits for its owners, by wbat right,
we are asked, can
it be expected to hold so large a portion
of reserve? This objection is undoubtedly veil taken. No
bank ought to be asked to keep one half of its means idle,
would thu3 be required of the Bank of England. Mr.
Palgrave, in his recent essay ou Banking, read before the
Statistical Society of London, gives the average means of
the Bank of England at 67 millions.
Of this sum it
would require to meet the conditions of the problem a
minimum of reserve of 30 millions, to be kept in gold.
six
or
twelve months ago, gone to
as
true, as has been asserted, that every rise pf 1 per Every
one can see
that this would hold in
idleness to®
680
THE CHRONICLE
much of the assets of the Bank.
table
nor
reduce
It would be neither equi¬
profitable to do this without
some
adequate
prices of salable commodities, thus favoring their
export •
they draw capital from abroad to profit by both our
high,
interest and our low prices; but the capital thus imported is
not
money, but is in the form of bills of exchange, gold, etc. These
are commodities for sale, and
by increasing the disproportion of
the total amount of things
seeking sale to the amount of money
available, they increase rather than diminish the relative
scarcity
of money (or currency.)*
This effect is substantially the same so
far as the volume of our money is
concerned, whether the gold
bills of credit, or other imports from abroad come in
exchange
for our productions of the field, factory and forest,
exported at
the low prices forced by our
scarcity of money, or come in ex¬
change for our evidences of debt.
and
com
pensation.
The whole
problem turns then
these two questions,
English banking system,
and who is to pay the expense of that reserve.
These two
points w?re, it is said, proposed to Sir Robert Peel,
when in 1844 he was discussing his Bank act in Parliament.
He made the characteristic reply that the protection of the
bank note was a question having prior claim, and that the
British public could not bear to have more than a single great
question under discussion at one tim°, The new* Parlia¬
ment to be chosen next year will not
improbably take up
this matter from a new point of view, as it will be the
who is to hold the
reserve
on
of the
first Parliament in which the million of
vote who were
new
electors
The case is yet worse, far worse, when the
currency (money)
which has become scarce, consists mainly or
largely of hank
notes redeemable only in irredeemable notes, and when the
issue
of bank notes is limited by law and must be
guarded
by
will
of those other notes.
endowed with the franchise by the last reform
bill.
[November 22, 1873
than
reasons
At times the business of the
country,
banking, demands
other
of greenbacks ; they are drawn
from the hanks and sent away south and west, not to return
for
weeks or months, some not for years, and in each
succeeding year
'
At present
some use
there is but one depository chiefly relied
on^ to keen, the reserve of the British banking system, more are permanently retained. Suddenly, from a condition of
and p to pay the
thereof.
The joint stock plethora of loanable funds, the banks find their reserves too low.
expense
banks
so
to
for
large
be
seen
insist,
-
accommodation
are very powerful in
whether their power
the
reserve
has to
By exchanges and borrowing between them a general levelling of
reserves, at a low range, is brought about, but the depletion has
caused a great scarcity of money, to which both fear and
cupidity then lend additional force, until the need of money for
be
Parliament. It remains
will pass from them. They
heretofore, that the Bank of England shall
responsible for keeping an ultimate reserve of
coin, adequate for all exigencies, while all other banks shall
be free to hold as little coin reserve as
they think proper.
This is the view of the magnates of the London
money
market. How preposterous is the demand that at its own
expense a private corporation like the Bank of England
shall keep the coin reserve for the active business of the
whole banking system of Great Britain is seen from the
relative magnitude of this business. The active means of
the London and provincial banks and bankers are
increasing
prodigiously, while those of the Bank of England are almost
stationary. The former are stated by Mr. Palgrave at 384
millions sterling, while those of the Bank of
England are
less than one-fifth as
much, or 67 millions, of which 24
be
as
current
held
millions
-
whose
are
circulation.
Of
tnese notes
16
millions
business, and
the
for its possession against
contest
powerful speculative combinations become severe, costly, hurtful.
happen at any time when business activities are very
large and prolonged, this always does happen when those activi¬
ties throughout the country from moving the annual
crops are at
the highest. One serious effect to the banks, then, is the
danger
of loaning upon their deposits and their rapid reduction. Con¬
traction of loans must be made just when business most demands
th«ir extension.
If greenbacks could be had wherewith to
strengthen the reserve, ease could soon be given for the time.
They cannot be obtained. Of the 362 millions issued, nearly all
that are visible are in the bank reserves except the small amount
in the U. S. Treasury.
By so much as the total issue of Treasury
notes is rendered unavailable, as bank reserves, is the
issuing
and loaning power of the national banks reduced in a
yet larger
ratio. No very large aggregate of greenbacks is ever
required
or ever used for the
ordinary transactions of business apart
Liable to
from the banks and their necessities. It follows from their chronic
are
scarcity that
a
large amount of them has disappeared, h^s been
metropolitan and 8 millions are provincial, and all are somewhere absorbed out of
sight. It is reasonably supposed this
represented by gold in vault except 15 millions which as is chiefly from private hoarding. The supposition has
good
the constant and uumovable
part of the circulation is support. It would be easy, had we space for it, to adduce good
allowed to be issued against securities without
evidence that the private hoards of money—gold,
greenbacks
any gold
and bank notes—in the Southern States alone now count
up
reserve, in conformity with the act of 1844,
to an immense sum, estimated to exceed 200 million dollars
On the whole it would seem that the
by
long pending and some who have
carefully studied the subject. Only gold was
mischievous quarrel between the London banks as to who
hoarded at the close* of the war, and for a
year or two after.
shall hold and
pay for the needful banking reserve, is When the Southern people acquired confidence in the goodness
approaching its solution. It becomes more clamorous and of U. S. Treasury notes, the temptation of the gold premium
exacting every year. Parliament will probably approach induced a partial substitution of greenbacks. Some gold is yet
hidden away by the more distrustful, while there is not yet con¬
this question when it next comes
up for legislation in a dif.
fidence in the bank notes. To-day, therefore, the hoard consists
ferent spirit from that shown last
session, and with a broader largely of greenbacks. This fact
helps to explain their scarcity
and more luminous
induction of facts.
in
common
for
THE SCARCITY OF MONEY—ONE OF ITS CAUSES,
disappearance
and their
strengthening
reserves.
Further issues of
inaccessibility to banks when wanted
-
Treasury notes would afford
no
remedy.
That relief would be temporary followed by evils aggravated in
kind and degree.
The whole trouble lies in the kind of currency
(Communicated.)
The
use
absorption of money depends much upon
we are
the character of the money in use. If it be
employing in the place of money.
specie, or redeemable
Suppose we had a specie currency, with or without a well
paper, the equivalent of specie, scarcity may come. Then, how¬
guarded and limited amount of redeemable paper, what then
ever, the remedy is sure and unfailing, though sometimes harsh
;
would be the effect of hoarding
the interest rate or hire of
on the volume of money ? No
money advances, and prices of salable
one would hoard destructible
commodities decline until these together cause an inflow of
paper when the almost indestructible,
money from abroad, or its release into active use from home gold was of same value in the market. Only gold and silver
would be hoarded.
The withdrawal of gold eagles or sovereigns
depositaries, or both.
This is the natural law of
finance,
for hoard would have no more effect on the money supply than
when the currency in use is the
currency of the world. The
practice of the Bank of England, of raising its minimum rate of the laying away of so many pigs of lead or bars of iron. Having
or
interest when its bullion
reserve
is
getting low, or is in danger,is
only putting that natural law in operation under provisions of
artificial law'.
But when the money in use is irredeemable
paper, such as our
Treasury notes, that law works differently, and but partially.
Higher interest rates, under scarcity of
money, may
and do
a
currency common to all the world
world's
supply of
we
should share in all the
money. Better value given
in the rate of interest or in the exchange of
bring it from all points where it
*
They afford
more or less
was
for it here, whether
commodities, would
less valuable, other relative
relief, though
perhaps temporary, and more
apparent than real, by the extended credit which, they afford and of which
they
are
the basis.
November
THE CHRONICLE
22,1873.]
considered. We are producers of
them because they are made by
depreciated currency, too valuable elsewhere for us to retain
conditions being, of course,
cold and silver, and we export
our
either money or merchandise.
Scarcity of money, when legitimate business interests
demand the use of money is a necessary consequeuce of the
them as
mos*
exist¬
inherent quality in .the
of abundance and
the vicissitudes
ing system springing from an
currency
itself, beyond the liability to alternatives
scarcity to which the best currency is exposed in
of trade and finance.
j3uch succeeding year the evils of this system will be worse
than the preceding, in extent and character, especially the evil
of
untimely scarcity, until the effect of some wholesome and efficient
remedial measure shall be felt. Without some remedy, applied
while yet not too late, the course is downward with gathering
impetus to national degradation and far more wide-spread private
distress and bankruptcy than are even now being experienced.
THE OUTLOOK FOR THE IRON
That the
TRADE.
existing financial derangements have given to iron
manufacture in the
United Spates a decided check) is very
but there is much to warrant the belief that however
unpromising the outlook may now be, this check is
more temporary than is generally supposed.
The present prostration of this industry is of no secret origin.
apparent;
serious and
railroad building have sprung the financial evils
the country is now laboring under, and as a result considerably
less track will be laid the'coming twelve months.
Hence we
From excessive
a
condition to incur all necessary expenses for improve¬
ments, and with every inducement
facilities for business by the purchase
for the increase of their
and construction of new
rolling stock, the building of sidings and switches, and the con¬
struction
completion of such iron bridges as may be necessaryIt is doubtful if many new enterprises will be undertaken during
the next twelve months, but were railroad building to cease
or
altogether,we should still require a large per centage of our
production of iron for repairs and improvements. Nearly
one third of the
mileage in operation has been built and equipped
since 1809, much of it with cheap materials, which already need
renewal. We also need a great deal of iron to replace that which
wears out, and, with our present mileage, it is
estimated that
709,000 tons of new and rerolled rails will be required for
renewals alone during 1874, and this amount is within less than
100,000 tons of the present maximum capacity of our rail mills.
annual
To this
must
be added the amount needed
for extensions,
sid¬
ings, &c., for new railroads which are so far advanced that the
risks of completing them are far less than the risks of leaving
them unfinished, and for additional tracks which some of the
trunk lines already find necessary for the separate accommodation
of freight and passenger traffic.
It must be remembered, more¬
over, that the market is now almost wholly relieved of foreign
rails. The importations have pi actically ceased, and at present
prices on the other side, which are likely to be maintained, they
cannot be sent here profitably in competition with the American
product. This leaves the field pretty much to our own iron
masters, and the probabilities are that the demand next year will
be large enough to keep them well employed, even though we
should build less than a quarter of the mileage that was com¬
pleted in 1872. In that year about one third of our total produc¬
tion of iron went into railroads, and, with foreign supplies
practically cut off, there seems to be no good reason for supposing
that we shall not want as great a proportion for railroad consump¬
general stoppage among the rail mills in the country, and
suspension of establishments engaged in the manufacture of
the thousand articles classed under the head of railroad supplies,
into which iron enters largely.
Also, from the same cause,
works connected with railroad operations have been closed, such tion in 1874.
as bridge building, &c., while the general prostration of all busi¬
Outside of the trade in railroad supplies, the outlook in the
ness leads to economy in the consumption ot iron in every branch
iron market is full of promise, although no great activity can
of manufacture. These are all immediate results of our late
reasonably be expected during the coming winter. So far as we
panic.
can learn there are no stocks except in makers hands, and when
But there is another important cause of the depression which consumers
begin to buy they must buy largely. Iron is an article
now exists, and which, to a considerable extent, existed for some
of such unusual utility, and has become essential for so many and
months previous to the panic; we refer to the fact that the con¬
widely various uses, that no permanent economy in its consump¬
sumptive demand for iron had not, up to that time, fully recover, tion is possible, and it has been found that, if we consume less
ed fiom the sharp check placed upon it by the high prices which, one
year, we mu3t consume proportionately more the next.
In
up to midsummer, were maintained by the makers of pig iron. seasons of stringency and distrust, like that through which we
With the discovery, made last year, that England’s production are now
passing, there must, of necessity, be a more or less
had probably reached its maximum, and that our own supplies
general suspension of work upon large enterprises of all kinds, a
were likely to fall below the actual requirements of the market,
diminished demand for machinery and tools, and an economy in
the price of pig iron began to advance on both sides of the ocean. the
consumption of iron wares of all kinds; hut we can neither
The productive capacity of the country was taxed to its utmost, do without iron nor
substitute anything for it, and when activity
stocks of pig and manufactured iron were rapidly reduced, and is
resumed throughout the country the first and most imperative
the mine owners took advantage of the opportunity to advance demand will be
for iron, crude and manufactured.
We have now
the price of ore nearly one hundred per cent.
Scraps also in¬ a capacity for making about 3,000,000 tons of jdg per annum,
creased, and as there was still a large maximum of profit on pig including the run of tlje new furnaces built or
completed this
iron, a great deal of capital was invested in that business and year ; and since we can no
longer draw to any extent upon the
everything promised well for the future. Probably the business British market, which is taxed to supply the continental and
was overdone.
Certainly, since the falling off in the somewhat other foreign demands, that amount should not exceed our annual
abnormal demand for iron, stocks have rapidly accumulated at
requirements. We are also now building up a very considerable
the furnaces, particularly of mill irons, of which the furnaces
export trade in iron and manufactures of iron to Canada, the
have been making an unusually large percentage during the
West Indies, portions of South America, Australia, China and
past half year. It is doubtful if the trade would, even now, have
Japan; our iron shipbuilding industry has received a wonderful
fairly recovered from the effects of the rapid and unwarranted stimulus
during the past year, and with abundant crops and
advance in price of iron, especially as the furnacemen have all
general prosperity we ought to be able to sell or consume all the ~
along manifested a disposition to hold their iron, rather than iron we can make.
meet the views of buyers by making even slight concessions,
except when forced to do so by their inability to carry stocks in.
definitely while continuing operations at the furnaces. The
BOSTON & MAINE RAILROAD.
general belief that iron must decline, notwithstanding the atti¬
tude of holders, has kept buyers out of the market, and since the
The main line of this road now extends from Boston, Mass., to
downward movement began it has been almost impossible to
Portland, Me., a distance of llSj- miles, the independent exten¬
effect any considerable sales, except at
prices which, to the sion from Berwick to Portland (44 miles) having been brought
makers, were ruinously unprofitable.
into use early in 1873. The total length of main line and braneliea
find
a
a
-
lines in
6S1
All these causes,
operating
facture in a very unsatisfactory
together, have placed iron manu¬ owned is 12G^ miles; or including leased lines, 192£ miles.
position, and as it is one of the Previous to the opening of the Portland extension the company’s
most important and most
promising of our industries, it is inter¬ trains to and from Portland were run over the Portland, Saco and
esting to consider how far it has been injured, and what are Hie Portsmouth Railroad. The road is equipped with G9 locomotive
prospects of its recovery. So far as the railroads are concerned, engines, 149 passenger and baggage cars, and l,6oG merchandise
our readers do not need to
be told that we are confident they and other cars.
cannot long remain
The following tabulation shows the extent of the company’s
financially embarrassed. There is nothii g
to threaten a diminution in their traffic or
business in the years ended September 30, 1872 and 1873, com¬
earnings, and the
beginning of another year will probably find the established paratively ;
THE
682
1872.
542,004
20,769,207
$
20,927,664
$
1.092,600
Patsenger earnings
1,458,963
5,008,074
61,760.456
520,722
Increase.
p. c.
p. c.
1873.
1,215,996
4,135,469
67,247,475
CHRONICLE
1,302,191
242,967-= 2 0
872,605=21-1
4,512,981= 7*8
21,282= 4T
158,457= 0 8
$
p. c.
p. c.
p. c.
209,591=19-2 p. C.
earnings.
Expenditures to receipts....
Included in the
820,572
7,308—= 0*9 p. c.
177,390
37,052=26-2 p. C.
2,046.142
1,542,026
2,300,093
1,727,825
185,799=12-0 p. c.
504,116
Total gross
813,204
140,338
572,268
75.36 p.c.
7512 p. c.
68,152=13-5 p. C.
decrease 0’24 p. c.
253.951=12-4 p. c.
operating expenditures for 1872-73 are amounts
paid for interest, $74,435, and bond interest due July 1, 1873,
$33,862, or a total of $108,297. Neither of these items appear in
the expenses account for the year 1871-72. Properly, these pay¬
ments do not belong to operating expenditures, and if deducted
from that account would leave the nett expenses at $1,619,528*
and the net earnings at $680,565. In this case the ratio of
expenses to earnings would be only 70*41 per cent, or a reduc¬
tion from the rate of the previous years expenses of 4*95 per cent.
Two dividends were paid during the year 1872-73—one of five
per cent November 15,1872, on $5,000,000, and one of four per
cent, May 15, 1873, on $7,000,000. The dividends paid in 1371-72^
$5,000,000. At the close
of 1872-73 there was a surplus of earnings for the half year then
ending of $290,677 applicable to the November dividends. The
General Accounts,” as of September 30, 1872 and 1873, com¬
pare as shown in the following statement :
1872.
1873.
both at the rate of 5 per cent on
were
[November 22, 1873.
1871-72.
October
144 @147
November.. 140 @143#
December ,141#@144
January ....137#@143
February... 138 @142#
March
142 @143
.
1872-73.
134 @138#
132#@139
125 @129#
120#@126#
122# @125#
117#@122#
May
1873
price
so
Massachusetts—
Great
Barring'
ton
Permanent Investments
Other Assets and Accounts
I
Corry Nat’nal Bank
Pennsylvania—
Metropolitan Nat’l Bank, New York
approved in place of Mercantile Na¬
tional Bank, New York.
First National Bank, New
proved
Marietta.
American Exchange National Bank,
New York, approved iri place of Cen¬
tral National Bank, New York.
Merchants’ Nation- Merchants’ National Bank, New York,
al Bank
approved in place of Central NationI
al Bank, New York.
Hancock Co. Nat’l Chemical National Bank, New York,
Mechanics’ Nation
al Bank.
Pennsylvania—
Pittsburgh....
$l0,152,t45
667.342
267,563
Ohio—
Cincinnati.
Illinois—
approved in place of National Park
Baq)t..
Bank. New York.
First Nat’nal Bank. St. Louis National
Bank, approved in
place of Second National Bank, St.
Louis ; Union National Bank of Chi¬
cago, approved aB an additional Re¬
deeming Agent.
Second Nat’l Bank. National City Bank, New York, ap¬
proved in place of Fourth National
338,092
Michigan—
Detroit...
Bank. New York.
First National B’nk First National Bank,
Michigan—
Negaunee.
Chicago approved
place cf City National Bank, Chi¬
in
cago.
National Bank, Chicago, ap¬
proved in place of Third National
Bank, Chicago ; First National Bank,
Milwaukee, approved as an addition¬
First National B’nk First
Wisconsin—
Chippewa Falls.
al
Redeeming Agent.
First National B’nk First National B’k, Chicago, approved
in place of Third National Bank,
Iowa—
Dubuque.
Chicago.
First National B’nk St. Louis National Bank,
Kansas—
approved in
ouis.
Elace of Valley National Bank, St,
Chetopa
Omaha Nat’l Bank. First National B’k,
NebraskaOmaha..
Chicago, approved
place of Union National Bank,
Chicago.
First National B’nk National Gold Bank and Trust Co.,
in
Montana—
come.
additional Redeeming
as an
Agent.
$7,873,911
$5,277,949; at the close of 1871-72
$7,873,911, and at the close of 1872-73 at $10,152,845. Thus it
will be seen that within two years these accounts have been
nearly doubled. At the close of 1872-73, the accounts were thus
divided—construction proper, $5,585,870; equipment, $1,335,404 ;
and improvement, $3,231,275. In the meanwhile the stock, bond
and debt (notes payable) accounts had risen from $5,222,024 to
$9,778,474. Whatever difference in the totals of the opposite
sides of the account exists has been made up from surplus in¬
ap¬
Bank, New York.
Illinols—
Pittsfield..
stated together at
York,
First National B’nk First National Bank, New York, ap¬
Total property
counts were
Bank, New York
proved in place of Central National
Pennsylvania—
$11,425,842
at
Bank. New York
approved in place of Central Nation-'al Bank, Tiew York.
Corry
Carthage..
and Assets
$9,175,382
$11,425,842
At the close of 1870-71 the construction and improvement ac¬
Exchange National Bank
I
cantile National
Globe Nat’nal Bank Gallatin National
|
1,308,955
£66,305
Square, Boston, Mass.
j New York, approved in place of Merl-
Connecticut—
Middletown Nat’nl
Bank
Middletown....
667,342
267,824
Accounts
@126#
REDEEMING AGENT.
Mahaine American
National
Bank
Rhode Island—
Providence
$9,175,382
Property Accounts
116
far since the opening of the panfoof
NAME OF BANK.
LOCATION.
1,266,686
Total Liabilities
Construction and Improvement
@147
135
REDEEMING AGENTS OF NATIONAL BANKS,
The following are the changes in the Redeeming Agents ot
National Banks approved since the 13th inst.
These weekly
changes are furnished by and published in accordance with air
arrangement made with the Comptroller of the Currency:
33,374
305,039
117#@120
116 @118#
H6#@117
CHANGES IN THE
130,132
174,220
@137#
September..135
114£.
was
787,509
Suspense Account
Undivided Earnings
@139
@138#
President—Nathaniel G. White, Boston, Mass.
General Offices
Haymarket
$6,921,275
1,227,500
1,629,699
$6,816,835
Bonds of 1873-1893
Note* payable
Other liabilities
@141#
137
137
Results of the whole year
The lowest sale
1872-78.
;i7#@122
121#@123
117#@119#
140#@141#
..135
July
August
"
Capital ($7,000,000) paid in
1871-72.
142 @144
.
April
San Francisco, approved as an addi¬
Deer Lodge.
expenditure during the past two years has
tional Redeeming Agent.
been the exiension in Maine, which at the close of 1871-72 had
No new banks organized since the 13th inst.
cost $2,140,029, and at the close of 1872-3, $3,941,323. Very large
expenditures have also been made, principally in 1872-73, on ac¬
count of the purchase and improvement of lands in the vicinity
Catest JHaitetarg anir (£oininertial
of Boston, where the company are improving their terminal
facilities both as regards their passenger and freight traffic. RATES OF EXCHANGE AT LONDON, AND ON LONDON
AT LATEST DATES.
Other extensive improvements are being made at Portland, so as
to secure at that point proper accommodations for the new traffic
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
NOVEMBER 7.
expected to come upon the Portland extension. At both Boston
and Portland the water-front is being improved by the construc¬
LATEST
RATE.
TIME.
TIME.
BATE.
ON—
DATE. *
tion of wharves, &c., and the deepening of the waters by dredging
To complete these works further considerable sums of money
short. 1
Nov. 7.
short.
12 #@12 2#
Amsterdam...
3 months. 26.00 @26.05
will be needed by the company. The costs hitherto have been Antwerp
3 mos.
20.66 @20.74
Hamburg
met by the issue of stock, bonds and notes payable.
short.
25.50 @25.60
The two Paris
The chief item of
€ugli3l) itfetus
'
44
.
,
,
,
,
....
thousand shares
($2,000,000)
new
the stockholders at the annual
stock was authorized by vote of
meeting held December 13,1871,
wholly by the then existing stockholders pro rata.
This was expended on the Portland extension. At their next
succeeding annual meeting (December 11, 1872,) the stockholders
authorized the issue of a series of seven per cent bonds to the
and
was
taken
These bonds are dated January 1,1873,
and mature in 20 years from that date. They are made coupon
and registered at option of holder, and in denominations of $500
and $1,000 each.
Interest is payable at the company’s office in
Boston semi-annually, January 1 and July 1. Probably by this
extent of
$1,500,000.
time the whole amount authorized has been sold.
These bonds
payable, issued by the company, have been used in
lands and the construction of the terminal
improvements on the Mystic River and in Boston. These works
are still unfinished, but in rapid progress.
The following abstract from the published records of the Bos¬
ton Stock Exchange exhibits the movements in prices of the stock
.of this company monthly for the last two years:
and the notes
the purchase of
Paris
Vienna
Berlin
3 months. 25.95
11.90
.c.
@26.05
@12.05
6.26#@ 6.27#
....
Frankfort
120#@121#
St. Petersburg
30#@31
Cadiz
48#
90 days.
Lisbon
52#@52#
3 months. 30.20 @30.30
Milan
30.20 @30.30
Genoa.
30.20 @30.30
Naples
New York
Rio de Janeiro
Bahia
•
....
•
•
•
•
•
•
9
^
^
„
....
•
....
• •
days.
■
41
la.
U.
9%d.
9ytd.
As. id.
Shanghai
PnnRTip
Singapore
....
Alexandria....
60 days.
is. 5 a.
......
....
r
....
ffl
0
o
....
e
•
•
•
•
i»
«
t
•
....
•
•
»
•
....
•
m
Nov. 7.
Oct. 5.
60
90
Nov. 6.
Nov. 4.
Oct. 31.
Nov.
Oct.
Oct
Nov.
6.
22.
16.
5.
a
15#@16
26
o-
.
48#
....
44#
....
26@26#
51#
....
....
Is. 10 %d.
Is. 10 5-16d.
6 mos.
*
....
....
•
•
t
51#
51#
96#
•
....
3
mos.
i
Nov. 8,1873.
week, owing
received both from the
somewhat uneasy feeling this
which h^s been
*
5s. 8%d.
«...
London, Saturday,
There has been,
105#
days.
days.
Sept. 28.
I From oar own correspondent
$o the adverse news
Nominal,
-
short.
Sept. 23.
60
•
.
....
Oct. 12.
Pernambuco..
Montevideo...
Calcutta.
Hong Kong...
•
Sept. 30.
Sept. 19
Buenos Ayres..
Bombay
Nov. 7.
•
....
Valparaiso
short.
683
THE CHRONICLE!
22, 1873 ]
November
the Stock Exchange
extreme depression prevailed, and all classes of securities ex¬
perienced a fall, which in some instances was severe. The strin¬
gency of the money market has evidently necessitated heavy
sales of pawned stock both here and on the Continent, and it is
to these operations that the rapidity and severity of the decline
must largely be attributed. Turkish, Egyptian, and Peruvian
stocks, which have of late years been largely held abroad, have
Buffered greatly, while Erie shares and Atlantic & Great Western
securities, partly from Continental sales and partly from adverse
intelligence from New York, have been heavily pressed for sale^
SILVER.
the United States. In
Continent and from
d.
8.
Bar Silver, Fine
Bar Silver, containing
Fine Cake Silver
Mexican Dollars..
Five Franc Pieces
Annexed is
S.
per oz.
5
grs.
per oz.
Gold
standard. 4
d.
standard. 4 10*©
per oz.
oz. last price.
per oz..none here
per
10*©
no
price
4 8% ©
©
....
...
showing the present position of the Bank
of England, the Bank rate of discount, the price of Consols,
the average quotation for English Wheat, the price of Middling
Upland Cotton, of No. 40 Mule Yarn fair second qualitj
and the Bankers’ Clearing House return compared with the
a
statement
,
four
preceding
years :
1869.
1872.
1871.
1870.
1873.
£
i
£
£
much lower quotations. It is not considered Circulation, including £
bank post bills
*24,154,913 24,797,715 25.679,699 26,294,805 26,787,118
that a healthier state of things will return until the greater part Public deposits
3,515 892
4.886,033
5,203,815
7,043,714 3,929,025
Other deposits
17,848,517 18.644,151 22,760,256 17.939,648 18,428,403
of the pledged stock has been sold and until the large amount of
Government securities. 13,811,953 12,925.862 15,001,023 13,256.546 11,768,360
securities which has been issued of late years has assumed a Other securities
16,090,129 16,081,392 18,232,380 20,858,894 20,704.702
Reserve of notes and
value which will represent, or be equal to the world's purchasing
coin
8.071,288
9,714,077 13.186,369 12,930,685
9,048,630
Coin and bullion in
power. Syndicates and bankers have rendered considerable aid
both departments.... 18,273,257 21,980,334 23,074,930 19,878,810 19,379,683
in placing the loans of the last few years, but now that borrow¬ Bank rate
3 p. c.
5 p. c.
6 p. c.
8 p. c.
2* p. c.
Consols
93*d.
93*d.
93*d.
92*d.
92*d.
more aid, with a view to keep the ball rolling Price of wheat
ing nations require
47s. Id.
49s. 9d.
56s.
59s. lOd.
57s. 4d.
and to postpone the evil day, they foresee great difficulties, as the Mid. Upland cotton
ll*d.
9d.
9*d.
10*d.
8*d.
No.40 mule yarn fair 2d
public have at present very little to invest, and moreover fancy
Is. 2*d.
la 2*d* Is. l*d.
Is. 2*d.
quality
Is. l*d.
they perceive danger ahead. It is on these speculative, fluctuat¬ Clearing House return. 67,863,000 67,921,000 93,964,000 107,273,000 146,552.000
The stock markets have exhibited much depression, and a
ing and risky securities that the chief depression has existed,
but as thp state of the money market has continued very uncer¬ heavy fall has taken place in all departments.
Speculative
tain, even sound English securities have declined in price. Those securities have been largely affected, and this morning were
in which it is known that speculative cliques are interested have quoted at very low rates.
The decline led, however, to some
fallen somewhat severely, but ■ even the best English railway influential buying, and the markets closed with a steadier
appear¬
shares are lower, notwithstanding that the traffic receipts con¬ ance, as follows:
tinue of a satisfactory character. The news from the Continent Consols
91 *£©92
United States 6 per cent 5 20 bonds, ex 4-6
xd 90*© 91
is by no means encouraging, and this, combined with the bad
do
drawn
93 @ 93*
and been dealt in at
_
..
news we
have received from New York, has had a depressing
effect.
published this week is disappointing, there
being a decrease in the bullion and in the reserve of notes and
coin, owing to the requirements of the provinces and of Scotland
The proportion of reserve to liabilities, which was last week
nearly 37 per cent, is now slightly over 35 per cent, so that a
diminution of strength is apparent.
The Bank continues to bor¬
row on stock, the total diminution in government
securities
being £171,000, and there has also been an augmented inquiry
for money, the increase in other securities being £408,990. Yes¬
terday the directors of the Bank of England advanced their
minimum to nine per cent, but the demand for money has been
so strong that 10 and 11 per cent has been more
frequently
charged. It was expected to-day that 10 per cent would have
been adopted as a minimum, but the Bank Court rose about one
o’clock without making any alteration.
The demand for money during the week has been active, and
The Bank return
,
do
do
do
do
1865 issue
xd.
1867 issue,
5 per cent. 10-40 bonds, ex 4-6
5 per cent Funded Loan, 1871, ex 4-6
xd.
Atlantic and Gt West., 8 per cent. Debent’s. Bischoffsheim’s ctfs..
Ditto Consolidated Bonds, 7 per cent.,Bi8choffsheim’s certificates.
Ditto 1st Mortgage, 7 per cent bonds
Ditto 2d Mortgage, 7 per cent bonds
Ditto 3d Mortgage
Erie Shares, ex'4-6
do preferred
Ditto6 per cent. Convertible Bonds,.
Ditto 7 per cent Consolidated Mortgage Bonds
Illinois Central Shares, $100 pd., ex 4-6
:
Illinois and St. Louis Bridge, 1st mort
Louisiana 6 per cent. Levee Bonds
Massachusetts 5 per cent, sterling bds, 1900
New Jersey United Canal and Rail bds
New York Central $100 shares
Panama Gen. Mort. 7 per cent, bonds, 1897
Pennsylvania Gen. Mort. 6 perct. bds, 1910
Virginia 6
per
cent, bonds,
ex
4-6
91*©
95*©
89*@
89*©
53
27
67
50
21
92
95*
90
89*
© 55
© 29
© 69
© 52
© 22
31*© 31*
50 © 52
94
88
79.
97
45
92
98
68
96
© 96
© 90
@ 80
© 99
© 50
© 94
©100
© 69
© 98
96*© 97*
39 © 41
On
Monday, at a meeting of the Manchester Chamber of Com.
merce, Mr. Hugh Mason, the President, gave a very gloomy pic¬
ture of the cotton trade, and spoke in strong terms of its rotten¬
ness.
After mentioning that he had pointed out early in the year
no accommodation has been obtainable under the Bank minimum*
that 1873 would be an anxious one for every one engaged in the
Annexed are the quotations:
cotton trade, he stated that
Per cent.
Per cent
as the year had advanced the fears which he and other gentlemen
Bank rate..
9
4 months’ bank bills
.Nominal had So farentertained had been
then
“
.
Open-market rates:
30 and 60days' bills.
6 months’ bank bills
Nominal
4 and 6 months’ trade bills.Nominal
10
10
3 months’ bills
The rates of interest allowed
count houses for
deposits
are as
by the joint stock banks and dis¬
follows :
Joint stock banks
Discount houses at ca.l
Discount houses with 7
..*...*....!!!!.*!!!!
...!.*]]!!.*.*!!.*.*!!
days’ notice
Discount houses with 14 days’ notice...
The
Per cent.
6 6*
6
@.*!
6*© .!!
...7
©.]]]
following
tinental cities.
are the rates for money at the leading Con¬
The Bank of France has raised its minim um rate
of discount to 7 per cent:
Bank Open
rate, market,
Paris
per cent, per cent.
7
t
Amsterdam
5*
4*
Hamburg
Berlin
4*
Frankfort.
Vienna and Trieste....
-
4
5
Bank
Open
rate, market
per cent, per cent.
Madrid, Cadiz and Bar¬
celona
6 (nominal.) 6
Lisbon and Oporto....
7
7
St.
Petersburg
7#
Turin, Florence
7#
7
Brussels
7
and
Rome
6
4*
A feature in the bullion market is that out of an Australian
arrival of £448,000 £308,000 has been sent into the Bank, The sil¬
ver market has continued
very dull, and both bars and dollars are
lower in price.
At the periodical sale of bills on India no tenders
accepted, as they were all below the minimum, the fact being
that silver is a cheaper means of remittance to the East.
The
banks connected with the East are
drawing upon Calcu+ta at the
iow rates of Is.
9f d. and Is. 9£d. the rupee. The following prices
of bullion are from the circular of Messrs.
Pixley, Abell, Langley
were
& Blake:
5JJ {?!?!?• V• • • •
*
s.
per oz. standard.
Per oz standard,
peroz. standard.
v;
®?finahle
bouth American Doubloons
United States Gold Coin
nor oz
,.
per oz. none here.
d.
77 9
77 9
77 11
73 9
....
s.
©
d
...
©
©
© 74 0
....
....
©
....
even
been exceeded
capitalist engaged in that great trade had been embarrassed, and had suffered
pecuniarily to a considerable extent. He was quite aware that there might
have been and that there was a great show superficially of prosperity in that
trade ; hut those who were not led away by superficial exhibitions with regard
to the cotton trade or any other would be quite aware that beneath the surface
there was connected with our great cotton trade a large amount of hollowness,
he might venture to say rottenness. It was utterly impossible that, with the
combined influences which had
come over
their business could have been
a
profitable
those
engaged in the cotton trade,
one.
They had had to
pay a
higher
price for labor than at any period in the history of the cotton trade. There
nad been in all departments of the cotton trade a general scarcity of labor, and
in addition to. ana perhaps as a consequence ot that, there had not been that
industiy and that fair return of labor for wages on the part of a great many
of those engaged as cotton operatives which ought to have been the case.
They had taken advantage of their dominant condition and hud diiegarded
those necessary rules of discipline and subordination without which no great
concern, indeed no small concern, could be carried ;on with any degree of
pleasure or even of profit.
Time, which affected all tilings, would
undoubtedly change the present state of things.
They read the
other day in the public journals, and they had every reason to believe
the truth of it, that in the United States of America, where
our
cotton was grown, and where the increase of cotton consumption had
been considerable year by year since the conclusion of the war. they were
feeling an amount of depression and distress which had led generally to short
time, and in many instances to the actual closing ot the works. We were also
suffering at the present time from a great depression which existed in our
Indian market. Tnat was one of the great markets for the purchase of our
manufactured products, and ar^thing that happened there was immediately
felt in Lancashite. There was no donbi that to the exporter of cotton goods
to India the past year had been one of anxiety quite as great as that which
might have affected the manufacturer at home, and there was now prevailing
there a state of anxiety among the merchants which had not yet been relieved
by the prospect of the future. Then, in conjunction with all these influences
the state of the money market added to their anxieties and embarrassments.
Almost the whole of Europe w*as in a state of disturbance, and they knew very
well what was the present financial condition of the United States of Ameri¬
ca.
None of those great centres of finance and industry could suffer in the
slightest degree but we in Lancashire at once felt it. With our widespread
and London being the financial centre for the whole world, we at
commerce,
once
GOLD.
confirmed, and they had
in their realization. What with the state of the labor market in connection
with the cotton trade, the state of the raw materal, the price of coal and iron,
all of which entered so very largely into the manufacture of cotton goods, the
felt whatever existed or an unpleasant character in any country in the
world.
If he might venture to give au opiuion, and be allowed to state
it, they would require on the part of every one considerable caution in
the management of our various
businesses for the future.
lie not
only alluded to the manufacturer, who would be compelled to exer¬
cise
cantion, or to
the merchant,
who had shown considerable
caution during the past three quarters of the year, but he alluded to the
[November 22, .1873.
THE CHRONICLE
684
good deal of the more anxious work. This, however, applies to every branch o
responsible. mercantile aud financial business.
he might ven¬
The following return shows the imports and exports of
ture to say was reckless, among the bankers of this Lancashire community.
grain
Ho ventured to say from his personal knowledge that the bankers generally
into and from the United Kingdom since harvest, viz., from
had an amount of money locked up which could not be liberated which if the
Sept
aggregate was known would be perfectly alarming. He was afraid to state an 1 to the close-of last week, compared with the
corresponding
opinion, but he believed it to be the truth that, with regard to the cotton
manufacturers of this county, two thirds of them were under considerable
periods in the three preceding years:
obligations to their bankers, to their brokers, or to their agents; but lie
IMPORTS.
especially referred to the obligations which they were under to their bankers.
A day of reckoning would certainly come.
He feared it might come sooner
1873.
1872.
1871.
1870.
than many of them expected, but when it did come there would be an exposure
Wheat
10,268,854
9,351,399
6,325,509
of a vast amount of rottenness existing in the financial condition of the cotton
2,717.178
Barley
1,781,194
1,072.183
trade in this country. He knew that banking had been a very profitable trade.
Oats
2,220,540
2,448.794
1,1)80.716
The bankers had paid very high dividends, and made very large profits ; but
163.908
Peas
295,980
75,197
157,103
he was not speaking without authority when he said that if they had estimated
634,710
511,012
Beans
730,466
224,386
their securities at their full value they had been greatly mistaken. It was not
3.934,884
Indian Corn...
5.343,137
4,785.849
4,623,790
so very long since they could have saircely got rid of a cotton factory.
That Flour
988,502
1,037,809
658,802
846,32 T
class of property was so much depreciated in the market that they might have
EXPORTS.
bought it for 7s. 6d. in the pound or less. He thought that, as there were so
many great joint-stock banks iu this county of which so many of our mer¬
Wheat
71,304
940,556
519,392
chants and manufacturers were shareholders, some amount of pressure ought
1,817
2.781
Barley
3.306
to be brought to bear upon those who had the great responsibility of manag¬
4.838
Oats..;
14,103
207.236
bankers of this city and county. He was sure that for a
excited and inflated condition of the cotton trade the bankers were
There existed at the present moment a wild competition, which
;
,
i
'
-
ing theee financial
institutions.
spoke in strong condemnatory terms of the
fraudulent operations carried on in the cotton trade, and pointed
out the several schemes adopted.
As his statement will no doubt
Mr. Masen also
prove
of interest to your readers, I subjoin it:
in one of the courts
have been brought
up accused of fraud?
And let them consider the ingenious manner in which
that alleged fraud was attempted to lie perpetrated, and the grounds of defence
used on~behaifof the alleged culprits, those grounds being that those goods
were not for the home trade, but tlic foreign trade—that was to say. they were
to go to India, Brazil, China, Japan, Africa, and other places, where the Eng¬
lish name and the English word bad hitherto been a tower of honor and of
strength, and where generally it had been taken for granted that, what English
merchants said was gospel truth. People might believe the allegation'that
those goods were not intended for the home trade to what extent they liked ;
but would any one tell him that if any man should seek to cheat a man in
another quarter of the globe, or in another nation, that same man would he
upright and honorable to his next door neighbor? That seemed to him to be
the last exposure of commercial immorality in Lancashire. It, was not that it
had not been exposed sooner because it had not existed. He spun largely for
thread manufacturers, and had to listen to complaints from some of his best
customers of attempted fraud of that very character.
He had been told by
them that they could scarcely exist if they were to be honest men so great
He did not mean to
was the fraudulent competition which now prevailed.
say that the thread manufacturers were the only people who were guilty of
frauds of this description. 11c had known many a fraud of this desetiption,
tliat the cotton spinner had sold his customers as 40's what he had paid his
operative spinner for as 38'e, and which lie had spun as 39's. He had known,
not very long ago, a strike by the cotton operatives upon this very question, and
the defenceof the spinner was that it was the custom of the district as if cus¬
tom made rascality into righteousness. He took the part of the working men
on that very question, and lie made known to them his opinion that the
master was acting dishonorably toward them, and wished them success in
their strike against that attempt to defraud them. He denounced it. as a de¬
liberate fraud. Too much of that had been practiced among the cotton spin¬
He came to another matter that was looked upon as a
ners of the county.
venial offence, he was afraid, by a large body of cotton yarn agents. An im¬
mense proportion ot the cotton yarn spun in the county was distributed
through agents. He would mention wherein he had suffered and knew that
his neighbors had suffered in a like manner to a serious extent. The skips in
which the cotton was packed to be sent to the agent, and by him to the con¬
sumer, were of a very large value in theTaggregate; but he was sorry to say
that the agents did not see the necessity of lookiug after all that property
belonging to the cotton spinner in the way in which it was their bounden
duty to (to. In fact, some of them would say they felt no special responsi¬
bility at all in the matter. He maintained that it was the duty of the agent
to see that that property was not lost, or destroyed, but honestly and honor¬
ably sent back to the place from whence ii came. He had known a cotton
spinner take his (Mr. Mason's) skips, with his initials on them in black paint,
-and, having painted over the letters wit h drab p int, the color of the twigs of
the skips, put his own marks upon them.
He had known an agent to
send his skips to another spinner, and yarn manufactured bjr another
person
was
bought by a consumer as his (Mr. Mason’s) yarn
because he had read his (Mr. Mason’s) name on the skips.
It was
an inferior yarn, and the circumstance led to unpleasantness between him
Who would have thought that within the past few days,
of this city, a firm of sewing cotton manufacturers should
1,598
Peas
Beans
Indian Corn..
Flour
245
42.537
38,712
685
572
1,334 ‘
.
25,385
537
3,543
4,102
338
2,211
16,429
15,832
318,190
London, Saturday Evening.
agitation in the city to-day, but the bank
have made no further change in the minimum rate of discount,
which remains, as fixed yesterday, at 9 per cent. Very little
business, however, appears to have been recorded at that rate, so
that for all practical purposes the minimum is 10 per cent. Up
to the close of business there was an impression that the bauk
rate would be raised ; but the markets, nevertheless, closed with
a
firm tone as regards English securities, owing to numerous
influential purchases.
During the earlier hours of business the
depression was very great, and in the value of speculative stocks
a heavy fall took place ; but there was
subsequently a decided
recovery, notwithstanding that there appears to be no material
improvement in the position of affairs. A further sum of £100,
000 has been withdrawn from the bauk, and these adverse move.
There hrts been much
naturally of great importance, when it is borne in
rapid improvement is necessary. It is understood
however, that a considerable supply of gold will come from
France ; but the position is nevertheless critical, as the whole of
tha civilized world, as it were—viz., England, France, Germany,
Austria, Italy, Spain, Turkey, Egypt and the United States—are
affected, the result of which is that while France and Germany
have so much gold locked up, and while a larger supply of gold
is necessary to carry on even legitimate trade, the quantity avail¬
ment3
are
mind that
a
able is insufficient
to meet
We fear that the
current demands.
panic rather than diminishing is increasing.
What
we
require is
the successive and rapid move
ments in money which have occurred of late are not calculated to
produce that result. The fact is that the foreigudoan business
has proceeded too far ; there is not the capital available to absorb
the recent foreign loans jat the prices at which they were issued,
and the result will be that the quotations will have to fall to a
point tliat will represent the purchasing power ot those countries
He had known a spinner deliberately take a batch of which invest their savings in the securities of those countries
and his customer.
liis (Mr. Mason's) skips, with his name on them, and pack his own yarn in
which have of late years been large borrowers.
With the excep¬
them. In this last case he (Mr. Mason) suflered so seriously that he threat¬
ened the sp’nner with a prosecution, and it was through the intervention of
tion, perhaps of the cotton trade, it is not considered that the com¬
some friends of this fraudulent spinner that he consented to forego a prosecu¬
merce of the country is unsound.
Themxisting rates for money
tion, and exacted no penalty nor any submission advertisement from the
culprit, who deserved to be exposed through the length and breadth of the must, however, have an adverse effect, and must lead to a large
land. The frauds which spinners thus perpetrated were many and great. The
a
restoration of confidence, but
^
members of that Chamber, among whom were a
and spinners, should set a good example to those
perpetrate frauds and to blot
ana
manufacturer.
great many manufacturers
who were so disposed to
the fair name and fame of the British merchant
contraction of business
in’every department.
It has been mentioned in several
quarters that we are
lending
From
money, and that America especially is borrowing of us.
all that we can learn upon the subject, we are only paying
naturally attracted great attention, and
our
debts. We have bought foreign stocks of the Continent at a cer¬
especially in Lancashire, where Mr, Mason is looked upon as
a thoughtful and honest, hut impulsive man.
From the tone Of tain price, and we have been paying for them ; we have been pur¬
the Manchester papers it is evident that there is much truth in chasing breadstuff's and cotton of the United States, and we are
his remarks, though his observations about the American panic also paying for those articles. In the present disorganized state
of credit, a larger supply of gold is required to settle those trans.
as being adverse to the Lancashire spinner, were open to criticism,
as it is clear that any pressure shown to sell by the producer is
actions; and this will continue to be the case until there is a
advantageous to the buyer. At the same time it must be borne restoration of confidence. Perhaps when all these complications
in mind that the panic in the United States diminishes very are removed, and a sounder position has been established, we
largely the purchases of manufactured goods of one of our shall find that the country will have been a great gainer, but it
largest customers, and at a time when our other large buyers are is to be feared that the strictly commercial section of the country
largely curtailing their operations. With regard to the India will have suffered. The following statement shows the fall
and China trade, it may be observed that for many years it has which has taken place in the principal securities since September
been remarked that it was not profitable, but then it may be 15, when the panic in New York may be fairly said to have com¬
These remarks have
fairly asked why is it continued, and how is it that handsome
fortunes are still realized in it ? The importation of tea has for
it is said, left a loss,and if so, then it may be asserted
that there is an amount of patriotism and good nature in
“Mincing Lane,” for which the world could scarcely give it
credit. The truth no doubt is that fortunes are not made so
quickly in that market as they were thirty or forty years ago,
many years,
and that the
telegraph necessitates harder, more constant, and
menced
:
Nov. 8, ’73.
91#© 92
92#© 92#
92#@ 93
Consols, money..
“
amount
Caledonia railway
Great Eastern
stock...
.
...
Great Northern
do
do
Great Western
Lancashire and Yorkshire
London and Brighton
London, Chatham and Boyer........
:....132 ©133
151#©152
118 ©118#
79#@ 79# '
Sep. 15, ’73.
92#© 92#
92*fi@ 92#
93#© 93#
39#© 39#
129 ©130
146#@147#
120#©120#
144 @144#
80 © 80#
21
@21#
THE CHRONICLE
November 22, 1878.]
144%@144%
Manchester!|£®eJ|“"d
Metropolitan^,...".:
M?n«fnlltan Diatnct
Kfa:::::::-:::::
North British
Southeastern
“ *
J.* ” J * * * .* .* .’' ‘' .*. ’ ‘.'
f**@ «*
Imports
week
131
@131%
163%@164
66% @ 67%
106%@106%
^
<b>4(©
7%@
61 %@
70% o
19%@
63%@
51 %@
60%
51 @51%
43 %@ 43%
S9%@ §9%
S0%@
2<%@ 28
1870
i»%
Rnanish 3 per
Turkish 0 per
5 per
cents 1869
Turkish
cents 1865
United Suites funded 5 per cents
Anglo-American stock
•••••.•••
Telegraph Construction and Maintenance
The total
imports amount to $5,762,089 this week,
The exports are
$7,603,599 this week, against $7,229,773 last
week, and $5,952,335 the previous week. The exports of cotton
the past week were 24,988 bales, against 19,867 bales last week.
The followingare the imports at New York for week ending
(for dry goods) Nov. 13, and for the week ending (for general
34
20%
34%
17%
47%
15%
84 %@ 84%
83%@ 83%
v-m'v,
French scrip......
Exports for the Week.—The imports this
increase in both dry goods
and general
an
against $5,022,754 last week, and $4,522,092 the previous week.
33%@
19%@
88%®
17%@
47%@
15%@
W*
and
show
merchandise.
86%@ 86%
jgX© 15%
• • • • •• • • •
Lombardo Venetia ...^
Eirvptian 7 per cents 1868
k>
do
Khedive 1 per cents
Peruvian 5 per cents
% «*
45%@ 45%
71%@ 71%
28%@ 28%
82%@ *82%
mortgage bonds.. 22 & 23
of Canada
COMMERCIAL AND MISCELLANEOUS NEWS.
76%@ 76%
«8*ffK{f
Atlantic and Great Western 3d
Land grunt, ordinary.......
Great Western
W
J-
685
e
merchandise) Nov. 14:
FOREIGN IMPORTS AT NEW YCRK FOR THE WEEK.
7%
62
70%
20
1871.
1872.
1873.
$1,985,118
4,231,627
$1,605,733
3,047,949
$1,218,089
4,499,818
$1,319,443
4,442,646
*6,219,715
264,041,483
$4,653,683
338,266,971
$5,717,907
385,271,909
$5,762,089
349,775,673
$270,261,228
$312,920,653
1870.
Dry goods
General merchandise...
63%
51
Total for the week..
91%@ 91%
87 © 88
32 @ 32%
Previously reported....
.
Since Jan. 1
...
$390,989,S16 $355,537,762
In our report of the dry goods trade will be found the imports of
perceived, therefore, that since the commencement of
dry goods for one week later.
panic the decline in the value of sound English securities has
The following is a statement of the exports (exclusive of specie
been very important, but that speculative foreign stocks from the
port of New York to foreign ports, for the week ending
It will be
the
not
suffered heavily.
of Foreign Bondholders communicated that at a
conference of North Carolina bondholders the following resolution
Nov. 18:
passed: “ That having heard the agents of the Governor of
the bondholders present request the Council of
Foreign Bondholders to tender their advice and co-operation in
For the week
$4,343,804
Previously reported....
have
The Council
EXPORTS FROM NEW YORK FOR THE WEEK.
1870.
was
North Carolina
beginning of the
summary:
U. 8.6s
“
Tues.
Wed,
Thur.
92%
92%
92%
92%
93
96%
91
91%
96%
91%
91%
92%
93%
92%
96%
92%
93%
92%
92Ja
92%
96%
91%
1867
U. S. 10-40s
New 5s
Th3
fort
90%
93
92%
46.922
91%
,$1,054,945
44,851,210
.
$45,906,155
91
...
59,219,734
....55,768,447
....30,012.562
The
97%
97%
PlataSilver
$4,345
Gold
4,170
Nov. 10—Str. Atlas, Savanilla—
Gold
2G,1S0
Nov. 10—Schr. Hattie Haskell,
Jacuiel—
Silver
1,500
;
•
Liverpool Breadstuffs Market— This market closes buoyant
prices.
..
Sat.
8.
d.
Flour (Western)..,.....$ bbl 28
Wheat (Red W’n. si)r)..$ ctl 11
0
5
(Red Winter)
“ 11 10
“
(Cal. White club) “ 13 3
Corn (West, m’d) $ quarter 33 3
Barley (Canadian). ..$ bush 3 6
Oats(Am. & Can.).
$ bush 3 4
Peas (Canadian)..,
quarter 41 0
“
.
...
Mon.
8.
d.
28 0
11 5
11 10
13 3
33 9
3 6
3 4
41 0
Tues.
Wed.
Thur.
d.
28 0
11
6
11 10
n 3
34 0
3 6
3 4
41 0
d.
8.
s.
s.
28 0
11
6
11 10
13 3
34
0
3 6
3 4
41 0
Nov. 10-Sclir. John Rose, Sa¬
Fri.
d.
28 0
11
6
11 10
13 3
34 0
3 6
3 4
41 0
cl
28 o
11 9
11 10
13 3
vanilla—
Gold
s.
34
3
3
42
6
6
4
805
Nov. 11—Str. Calabria,
Liver¬
pool—
Gold
Nov. 11— Steamr
—Havana
higher than last Friday.
Lard (American)
...
Cheese (Amer’n fine)
“
“
Mon.
8.
d.
92
71
38
6
0
0
40
0
66
Tues.
8. d.
92 6
0
71
48
40
66
Wed.
8. d.
92
71
48
40
65
0
0
0
0
Thur.
8.
d,
92
71
48
39
65
6
0
0
0
6
6
0
0
9
6
Frb
8.
121,000
...
75
71
38
39
65
0
0
0
9
o
Market.—Spirits petroleum is Id. lower
higher.
Sat.
8.
Rosin (com. N. C )..
“
fine
!
CWt.
9
16
1
1
Prftroleu.afreflnod)..
(spirits)...
39
45
Cloverseed (Am: red)..
Spirits turpentine..,..
33
Mon.
d.
0
0
1%
0
6
0
6
Tues,
d.
d.
0
8.
9
0
16
1
0
2
0
45
0
2
0
6
0
33
6
8.
9
16
1
1
39
1
39
6
45
0
33
6
Wed.
8.
9
16
1
1
39
45
33
Thur.
d.
0
0
2
0
6
8.
9
16
1
39
45
33
0
6
d.
0
0
2
11
6
0
6
London Produce and Oil Markets.—Lin seed cake is 15s..
and Linseed oil 14s. lower than last week.
Sat.
£ b. d.
Lin8’d c’ke(obi). $ tn 10 0 0
Linseed (Calcutta)....
61 6
Sugar (No. 12 D’ch std)
on spot, $ cwt
perm oil...ton
hale oil
“
..
“
28
92 0
34 0
30
0
6
0
0
0
Mon.
£ 8. d
10 0 0
61 6
Tues.
Wed.
£ s. d.
10 15 0
61 6
£ s. d.
10 15 0
61 6
28
92 0
84 0
29 9
28
92 0
34 0
29 9
28
92 0
34 0
29 6
6
0
0
0
6
0
0
0
Fri.
d.
9 0
16 0
1 2
11
39 6
45 0
33 6
8.
57,150.013
26.495,103
iiave
23,532
Merida,
Havana—
Gold
Nov. 13—Str.
4,000
Ilolsatia, South¬
ampton—
Gold
Nov. 13-Str. City of Havana,
Havana—
Gold
Nov. 13—Schr. D.W.Sannders,
393,816
22,800
Cape Haytien—
Silver
Nov. 14 -Str. Java, Liverpool,
Gold
Total for the week
10 15 0
61 6
10 15
6
0
0
38 6
92 0 0
34 0 0
0
29
28
92 0
34 0
29 6
61
200
8,344
$615,692
15,102,494
Same time In
1872
1871
1870
Ohio &
$15,718,186
.-
$5,347,772
8,400,318
11.216.018
14,845,789
Same time in
1868
1867
1866.
6,471,053
2,892,411
9,095,798
Mississippi Railroad.—Notice is given by the Presi¬
dent that the
preferred stock transfer books of the Ohio & Missis¬
sippi Railway Company will be closed from 26th November to 1st
December inclusive, preparatory to tlie preferred stock semi¬
annual dividend of
per cent of 1st December, 1873. Owing to
the delay in moving produce and merchandise during the panic
in the two past months, the earnings show a material decrease,
instead of the uniform increase of the preceding months, and in
consequence the present dividend will be made in scrip, payable
1st March, 1875, with interest at 7 per cent per annum.
The
company reserving its cash for the January coupons on its bonds,
and towards payment of tlie western division second mortgage
bonds, due 1st January, 1874.
Harlem River & Portchester.—The track of this road is
higher
Fri.
Thur.
£ 8. d. £ 8. d.
6 0
G /Id
Nov. 11—Str. City of
Previously reported
1869
d
Liverpool Produce
and refined, do. kd.
.
41,377.729
Wilmington,
Total since January 1,1873
Sat.
d.
75 0
71 0
38 0
39 6
6G 0
.
U
Liverpool Provisions Market.—Cheese is Is. louver, and lar^
8.
.
imports of specie at this port daring the past week
Nov. 10—Str. Tybee, Puerto
97%
.$68,159,480
been as follows:
&
nseedoil..
Same time in
1868
1867
1866
1865.
91
daily quotations for United States 6s (1862) at Frank¬
at some advance in
48,900
8,380
,..$66,858,905
1869
Liverpool Cotton Markit.—See special report of cotton.
“
Liverpool—
Silver bars
in
1871
1870
96%
91
91%
Same time
1872
were:
Frankfort..
3d.
Nov 15—Str.Weser, LondonSilver bars
19,500
Silver coin
28,267
Nov. 15—Str. Cuba. HavanaSilver coin
500
Nov. 15—Str.Calabria,Liverp’l—
Silver bars
895,637
Nov. 15—Str. City of Brussels,
Previously reported
Fri.
93%
96%
91%
(5-20s,)1865,oid.
“
comparison for the corresponding
Total since Jan. i, 1873
Mon.
92%
92%
t
a
:
For LondonSilver coin
Total for the week
cent. The bullion in bank has increased
Sat
oopnii r
with
burg-
£637,000 during the week.
Consols for money
^
year,
Silver bars
Market.—New fives are higher,
lower with a dull market. The Bank rate
has been reduced to 8 per
$265,192,846
Nov. 12—Str. Russia, Liverp’l— '
Silver bars
$485,856
Nov. 13—Schr. Geo. D. Perry,
Maracaibo—
Gold coin
25,000
Silver coin
981
Nov. 13—Str. Cimbria, Ham¬
London Money and Stock
but other securities are
$210,859,293
date in previous years
pool for the past week have been reported by submarine telegraph
following
$215,699,840
o*
closing quotations in the markets of London and Liver¬
shown in the
163,937,782
*'$7,603,599
257,589,247
The following will show the exports of specie from the port
New York for the week ending Nov. 15, 1873, and since the
English Market Reports—Per Cable.
as
1873.
1872.
$5,725,763
205,133,530
$163,281,586
Since Jan. 1
carrying out any tangible measures that might be adopted by the
Legislature for an adequate and equitable settlement of the debt
of North Carolina.”
The daily
1871.
$5,059,208
210,640,<>32
0
6
6
0
0
0
now
all
laid, and the only work remaining to be completed is the
bridge over Pelliam Bay. The centre pier of that bridge is nearly
rebuilt, and the draw will shortly be replaced in position.
Tlie road is 12£ miles long, and extends from the Harlem River,
opposite the head of Second avenue, New York, northeast to a
junction with the New York, New Haven & Hartford road at New
Rochelle. The road is substantially built and has a double track
laid with steel rails.
It has cost nearly $2,000,000.
It is leased and will be operated by the New York, New Haven
& Hartford Company, and will bejinownas the Harlem Branch.
685
THE
fy
[November 22, 1873,
CHRONICLE
LAPSLEY & BAZLEY,
Cincinnati, Lafayette & Chicago.—This company has recently
BROKERS
made an agreement of consolidation with the Indiapolis, Cincin¬
74 BROADWAY & 9 NEW STREET,
nati & Lafayette.
The road is now 57 miles long, from Temple¬
New York.
ton, Ind., northwest to the Illinois Central at Kankakee, Ill.
Stocks bought and sold on commission, for investment, or on
It is said that as a result of the consolidation the road will at
margin. Privileges in Stocks and Gold negotiated. Circular
once be extended from the present terminus at Templeton east¬
privileges
ward 18 miles to Lafayette.
Its trains now use the track of the explaining Lapsley. mailed to any address. J. E.
S. W.
Bazley.
Lafayette, Muncie & Bloomington road, between Templeton and
Lafayette. The Indianapolis, Cincinnati & Lafayette Company
will then have a road 253 miles longfrcjm Cincinnati to Kankakee.
The Magic Inkstand.—This is the very appropriate title of a
new invention just introduced into this country and .for sale by
Messrs. Root, Anthony & Co, of 62 Liberty street.
It is patented
DIVIDENDS.
in France and Great Britain by the eminent book publishers,
The following Dividends have been declared during tne past week:
Messrs. Hachette & Co., (Paris,) and Sampson, Low & Co., (Lon¬
don). Fifty thousand of these useful articles have been sold in
When
Per
Books Closed.
Company.
Europe in less than six months. It is a perfect marvel of econ¬
Cent. P’able.
omy, utility, durability and simplicity.
The Magic Inkstand pro
duces ink of the best quality in every desirable color ; ink, more¬
Railroads.
&f)e Bankers’ <®a?ette.
which is not affected by acids, climate or temperature, which
does not oxidize the pen (a valuable feature), and which leaves no
sediment. It is made in a few minutes, and is always renewable
simply by the addition of pure water. It is well adapted for use
in the counting-house, office, school-room or parlor.
For sale by
all stationers and booksellers.
Price $2. ■
over,
—As to the reduction in prices by leading houses during the
late panic, it should not be forgotten that as early as September
last Messrs. A. T. Stewart & Co., foreseeing the results of the
panic, promptly reduced their prices, and have continued their
business upon that basis ever since.
In this instance, as in many
..others, Mr. Stewart has shown a knowledge of the financial situa¬
tion which adds one more to the numerous triumphs of his busi¬
ness ability and foresight.
—We take pleasure in calling attention to the banking card of
Messrs. Davidson & Jones, Nos. 59 and 61 Wall street, who buy
and sell stocks, gold and government securities on commission,
and receive deposits subject to check at sight, on which 4 per
cent interest is allowed.
—James
Morrell, late Secretary ot the National Trust Company
city, died at Camden, N. J., Wednesday, Nov. 19, 1873.
Mr. Merrell was a thorough and efficient bank officer, and won
the respect and esteem of all with whom he came in contact.
of this
BANKING AND FINANCIAL.
Mercantile National Bank.
New
York, Nov. 18,1873.
Rumors having gained currency regarding this bank, the Direc¬
tors inform their dealers and stockholders :
That the capital of the bank is $1,000,000, and surplus $337,000.
That very
recently the late President, Mr. E. J. Blake, without
knowledge, made loans to a corporation in which he was
interested. The loss, if any, from this account they believe will
not exceed the surplus.
That-at a meeting held this day'Mr. Norman White was unani¬
mously elected President, in place of Mr. E. J. Blake, resigned.
their
(Signed),
NORMAN
WHITE,
STUART,
J. N. PHELPS,
C. P. BURDETT,
S. E. HOWARD,
ANSON PHELPS STOKES,
JOSEPH
ROB’T W. STUART.
Banking House
Henri? Clews & Co.,)
of
32 Wall street,
\
N. Y.
Deposit accounts of Mercantile firms and Individuals received
all facilities and accommodations
granted usual with City Banks;
in addition thereto interest allowed
on
all
Boston & Maine
Miscellaneous.
14
Dec. 1. Nov. 26 to Dec. 2.
Dec. 15.
American Express Co
$3
Jan. 2. Deo. 6 to Jan. 3.
Ohio fir,
*
The
TOoney
market
and
Friday, Nov. 21, 1873—6 P. M.
Financial
Situation.
The
general situation has improved in almost every respect; the
money market has been fairly easy (until to-day); the banks have
gained in: legal tenders, and now hold $32,655,000 ; mercantile
affairs are progressing favorably; the Bank of England has
reduced its discount rate ; and this afternoon the news comes
from Washington that a peaceful settlement of the Cuban diffi¬
culty is anticipated.
The principal topic of interest among business men in this city
has been the discussion by the Clearing House Association in
regard to the adoption, or partial adoption of the report .lately
made by the “ Committee of Nine,” proposing to embody certain
radical reforms in the details of bank business in this city, and to
form a new Clearing House Association for that purpose. At the
meeting on Thursday, the representative of each bank was called
upon to state the position of his bank on the subject, and to offer
any amendment to the several proposed reforms, which lie con¬
sidered desirable. Without going into each detail of the proceed¬
ings it is sufficient now to state that forty banks out of sixtyeight represented at the meeting were wholly, or substantially,
in favor of adopting the Committee’s report.
Of the other
eighteen banks, several were positively opposed to their adoption,
and others either favore1 amendments of the present organiza¬
tion, or wished for further delay to consider the subject. The
meeting finally adjourned to Tuesday, Nov. 25tli, without taking
a vote on the main resolution, and leaving the several proposed
amendments to be considered at that time, when some definite
action will probably be taken.
It is yet premature to suggest
what course will probably be pursued, but it is proper to caution
our readers against accepting the statements which are made in
some of the daily newspapers as to the prevailing sentiment on
the subject either among the banks or the business public. Some
of these representations have been made in a most violent parti¬
san spirit, and apparently with the purpose of bringing to bear
a certain coercion or outside influence upon the Clearing-House
Association in order to control their decision. Without advocat¬
ing either side of tke question on this report, we are of the decided
opinion that the deliberations of the association on these impor¬
tant resolutions ought to be perfectly free, and no such thing as
an attempt to create a public feeling against one set of banks or
the other, should for a moment be tolerated.
Money during most of the week has been reasonably easy at
6@7 per cent on call loans, but to-day there was more activity,
and rates were quoted up to 1-16 per day and interest, but closed
at
daily balances.
Mississippi, pref
7 per cent.
is in good demand at lower rates than have
quoted before in some weeks, the range for prime names
Continent; Travelers’ and Mercantile Credits issued available being 10 to 18 per cent.
Advices from London are decidedly more favorable, as the bank
throughout the world.
on Thursday reduced its minimum discount rate from 9 to 8 per
cent, and showed a gain of £637,000 in bullion for the week;
RAILROAD BONDS,—Whether
you wish to BUY or SELL to-day money in the open market was reported much lower than
the bank rate, and a further reduction in the latter is expected
write to
Bills of
Exchange drawn
on
England, Ireland, Scotland and the
No. 7 Wnll street. New York
on
Cotton.
Buy and Sell Cotton Contracts for
a
been
soon.
HASSLER & CO.,
Cash Advances made
Commercial paper
Commission.
R. M. WATERS &
CO.,
56 Broad Street.
The creditors of Messrs. Hoyt, Sprague & Co. have held a meet¬
ing this week, and it seems probable that they will grant the
firm substantially the same terms which were given to the Provi¬
dence firms.
The Mercantile National Bank of this city, which
counted about $400,000 of the paper of the
Machine Company, is reported by the bank examiner to
had dis¬
Domestic Sewiog
be perfectly
sound, and although the paper was discounted by Mr. Blake, the
president, without the knowledge of the directors, it is stated
THE
November 22,1873.]
CHRONICLE.
of fraud or concealment
that effect are erroneous.
that there was nothing in the nature
about the transaction, and any reports to
Bond®.—Government bonds have been stronger
UntteA State®
and more active in consequence of the higher prices in London,
the ffirmness in gold, and the general improvement here which
itoas induced more buying. The possibility of war with Spain
rdoes not appear to have been sufficient to counteract the upward
^tendency. We have before pointed out the fact that the demand
;for United States bond? must increase by reason of the discredit
ttbrown on other securities through the late panic, and that prices
q,ein<r much below their usual range the natural tendency will
be toward higher rates whenever the condition of affairs is suffi¬
Int. period.
5«, fuaded, 1881, ..coup. ...Quarterly.
6fl, 1881
reg. Jan. & July.
& July.
coup. .Jan.
coup. .May
coup. .May
coup. .May
6b, 1881
6a, 5 20’s, 1862
6s, 5-20’s, 1864
6s, 5-20’s, 1865
,
This is the price
bid,
no
The range in prices
tof bonds outstanding
6a,
6a,
68,
•6s,
6s,
6s,
5-20’a, 1862
5-20’8,1864
5-20’e, 1865
5-2(Ts, 1865,
5-20’8, 1867
5-20’s, 1868
68,10-40’s
6a, 10-40’a..
<Bs, Currency
20.
Range
and
State
Oct.
105
106* Oct.
107* Nov.
109
110
110
Nov.
Oct.
Oct.
103* Oct.
Oct.
105
107* Sept.
|
Nov.
14.
91*
95*
90*
89*
1
Highest
116* Apr.
25
24
119
May
123*
118*
118*
120*
120*
121*
120*
115*
116*
June
91.
109* *108*
114
114
114
114*
114*
Amount Nov. 1.—.
Registered.
Coupon.
$162,657,700 $112,047,300
193,012,000
89,724.350
Apr.
Apr.
Apr.
June
May
June
July
Aug.
116* May
1
Railroad
Nov.
21.
93*
96*
91*
90*
17,679,800 170.227.150
25,745,550
33,286,050
83,809,700 118.907.150
55,691,000 146,942,100
87,120,950
13,715,500
223.533,250
23,758,500
140,545,200
54,022,100
64,623,512
as
follows:
Since Jan. 1.—
,
Lowest.
92*
96*
91*
92*
88*
86*
91
91*
Bonds.—There
doing in State bonds, and
Apr.
June
May
May
is
,
Highest.
18
96* Oct. 10
13
96* Oct. 18
20
19
92* Jan. 81
92
Oct.
4
hardly anything
have only to notice a moderate
demand for Virginias, from the Baltimore and home markets.
The North Carolina Legislature met yesterday and received the
Governor’s message, but the only poin!; clearly
perceptible in
regard to finances is the general hostility to recognising the
special tax bonds.
In railroad bonds there has been more doing, and
prices at the
Board have been decidedly firmer on the Union Pacifies, and on
we
most of the other bonds whose soundness is considered certain.
There has been more activity also in miscellaneous
bonds,
including those which are in default for interest, and the deal¬
ings in these through brokers’ hands have been considerable.
Prices are low, even where roads have a good
prospect of soon
recovering themselves and resuming interest payments out of
their earnings, and if the bonds are first
mortgage, and are
secured on a valuable property it would appear to be best for
holders to keep them for the present, if they are
pecuniarily able
to do
so.
Closing prices daily,and the
Nov.
*69*
Nov.
17.
•70
*69*
•64*
15.
6e
Tenn., old
68Tenn.,new
6s N. Car., old....
6b N. Car., new...
6s Virg., old
do
consolld.
do
deferred.
5b S. C., J. & J....
68 Missouri
Cent. Pac., gold..
Un. Pac., 1st
do
L’d Gr’t
do
Income.
Eriel8tM.7s
*21* *21
range
Nov.
Nov.
18.
75
*22
19.
71
71
*21
*35
*48
*35
*50
•70*
since Jan. 1, have been:
Nov. Nov.
20.
21.
•71*
71*
•72
*22
,
*35
*48 *
49
*8
*8*
8*
87*
90*
76*
*12
87
*90
75
70
70
50*
52*
9S
*6*
*8*
87
*90
75
70
53
*96
*8*
*8*
86*
90
76*
70
55
t
•34
*50
50*
*9
*
-
8*
•
87
87
*90*
76*
*91*
7«
*69
69*
55*
99
57
*93
101
N. J. Ceu. 1st 7s.. 100* *100* 100* '100* *100*
Ft Wayne 1st 7s. *100^
un* *100* 102 *100* •101*
Roc«c leld 1st 78... *110% *101
*101
101
*100* *101*
'
This
is
the price
bid,
no
sale
was
Sincei Jan.l.
Lowest.
71*
*22
*34
62
62
18
16
35
43*
7
Nov.
Nov.
Nov.
5
6
5
July 23
Oct.
Oct.
14
1
Oct. 23
8* Nov. 21
84
Sept. 30
80
Sent. 19
61 * Nov.
6
57
Nov. 1
36
Oct. 31
98
Nov. 15
98
Nov. 8
100
Nov. 6
96
Nov. 5
,
Highest.
86
86
ldct.19
Mcb. 17
34* Jan. SO
19
49
Jan.
Feb.
4
7
56* Mch. 17
15* Jan. 2
23
97
Jan. 20
June 28
104* Feb. 10
89
80
83*
104*
107*
109*
106*
Feb.
Jan.
4
6
Jan.
6
Sept. 1
July 1
Apr. 3
June 17
made at the Board.
Railroad and miscellaneous Stock®.—Stocks have
fluc¬
tuated somewhat from day to day, but
prices, upon the whole,
have been fairly maintained, and business has been
active.
The dividend
ment
paying stocks
tolerably
are
still sought by invest¬
purchasers, to whom the present comparatively low prices
attraction. The Vanderbilt specialties have been, as usual,
the principal feature of the market. After the
large distributing
process which has already taken place, and is still
going on with
the leading stocks, it is reasonable to assume that the
market will
be in a healthier
condition, and stocks more strongly held, in
small lots, on the first of
January, 1874, than they have been be¬
fore
are an
in years.
Railroad earnings,
as
Harlem
Erie............
do pref
Shore....
87% 88*
10-t* 109
43* 45*
shown below,
are
87* 89
109*
109
43
39
62
do
pref.
Rock Island
St. Paul...
87* 39
27* 29*
61* 53
...
do
pref....
At.& Pac.,pref.
Ohio A Miss...
Central 0: N.J.
10
11
91
1*
11
25
1*
88* 91
20
91
19* 20
86
85
5,1*
55* 58*
*....
25
*24
20
27* 28*
*82
f-7
*50
....
53
.Si*
*50
*43
*15
43* 43*
...
This Is the price bid and asked
N. Y. Cen. & Hud. R...
Harlem..
still quite favorable for
The daily highest and lowest prices have been
as
follows;
86
85
85
57
*20
*23
59*
56*
28
30
•19
*25
59
2?
30
23
*57
*62
59
64%
70
44
*15
: no
83*
43* 44
69* 70*
40* 42*
40* 43*
64
88
64*
39*
30* 3i*
51
54*
,
21* 25*
1*
,
2t*
19*
85
9i*
91
to
30
23*
30
20*
19*
85
*56*
57
....
*81
57
64
•55
44
•14*
20
54
91
22
•27
91
22*
30
....
....
27* 28*
83
57
58
61
65
*81*
43* 44
•15* 18
•58
•57 *
....
....
58*
•63* 63*
•15*
....
54
23* 24*
91* 91*
1*
44*
•57*
•61* 61*
*56* 60
43* 44
64*
59
63* 63*
87* 88*
30* 31
•24
27*
57
112*
43% 43*
*20*
*25
3U
33
81
112
•65
70
68* 69*
40* 41*
41* 43*
20* 21*
22*
73* 84*
60* 62*
22* *20*
•42
60
sale was made at the Board.
from Jan. 1, 1872, to this date
r—Jan. 1 to date 1873,—Lowest.
Highest.
was
as
-Whole year 1872.-
Lowest
Highest.
89
Nov. 11 101* Apr. t
77* Nov. 5 106* Feb. <
90
Sept. 19 140 Apr. 1 107* Feb. 12 130 Apr. 25
35* Nov. 7 69* Feb. 4 30
Feb.
5 75* May 20
56* Nov. 7 82 Feb. 4 60 Mcb. 2 87 May 20
57* Nov. 1 97* Feb.-1-’ 83* Nov. 11 93* Mch. 80
32* Oct. 15 75* Jan. 2 64 Nov. 11 80* Apr, 4
31% Oct. 14 85 Feb. 4 66* Jan. 5 230 Nov. 23
Nov. 8 94
53
Feb. 3 83* Nov. 11 102
Nov. 25
Rock Island
80* Oct. 14 117* Mch. 11 101 Nov. 11 118* .Apr. 2
St. Paul
21* Nov. 1 62* Apr. 21 51
Nov. 11 64* Apr. 1
do
pref
43* Nov. 7 79* Jan. 24 72* Nov. 11 83 Jan. 20
Atlantic & Pacific pref. 10
Nov. 15 38* Jan. 29
Ohio & Mississippi.... 21* Oct. 14 49* Jan. 24 40
Nov.
51* Apr. 1
Central of New
Erie
do pref
Lake Shore
Wabaah
Northwest
do
pref
Jersey. 85 Nov. 10 106* June 7 98 Oct.
Boston, Hartf. & Erie.
1
Nov. 12 10* Feb. 3
3* Jan.
Del., Lack. & Western. 79* Nov. 1 106 June 7 91 Dec.
Hannibal & St. Jo
15
Nov. 7 52* Feb.
7 28
Nov.
do
do
pref. 21 Nov. 7 71* Jan. 3 44 Sep.
Union Pacific
14* Nov. 1 39* Jan. 4 28* Jan.
Col., Chic, & I. C
16* Nov. 5 43* Feb. 11 19* Jan.
Panama
77* Nov. 6 130 ’ Jan.
72
Jan.
West. Un. Telegraph.. 43* Nov. 1 94* Feb.
67* Sep.
18 Sept. 30 46* Jan.
Quicksilver
25* Jan.
do
pref
Pacific Mali
Adams Express
American Express
United States Express.
Wells, Fargo & Co.....
Canton
25
25
Nov. 6
Oct 15
76
41
Nov.
Nov.
55
38
Maryland Coal...
13
,
Feb.
1
Latest
Jan.
Jan.
59
60* Jan.
56* Jan.
76
are as
Jan.
Atlantic & Gt. West. 1st week of Nov. $103,512
Atlantic & Pacific... 1st week of Nov.
23,989
Bur.,C. Rap.& Minn. 1st week of Nov.
30,395
Central Pacific
Month of Oct. 1,423,875
Chic. & Northwest. 1st week of Nov.
265.237
Erie
1st week of Nov.
411,274
Month of
Illinois Central
Oct.
763,673
Indianap., Bl. & W.. 1st week of Nov.
30,450
Kansas Pacific
Month of Oct.
392,510
Lake Sh.& Mich. S. 2d week of Nov.
314,006
Month of Sept.
Marietta & Cin
203,514
Michigan Central... 2d week of Oct.
144,461
Milwaukee & St. P.. 2d week of Nov.
185,193
Ohio & Mississippi.. Month of Sept.
371,344
Pacific of Missouri.. 1st week of Nov.
74,158
St. L., Kans. C. & N. 1st week of Nov.
54,586
St. Louis & Iron Mt. 1st week of Nov.
53,495
St. L., Alton & T. H. 2d week of Nov.
19,043
do
branches. 1st week of Nov.
11,468
3t. L. & Southeast.. 1st week of Nov.
26,444
112.593
Tol.,Peor. & War... Month of Oct.
Tol.. Wab. & West.. 2d week of Nov.
104,781
....
107
follows
earnings reported.——
1873.-
59
1872.
Oct.
21
103* Oct. 22
99* May 20
80* May 24
88* July 6
95
May 21
88* Sep.
70* Jan.
earnings reported
113* Jan. 15
11* May 18
112* Mch. 18
59* Jan. 17
71* Jan. 19
42
Apr. 1
42* May 21
148* Oct. 26
82* Dec. 23
49* Dec. 6
53* Jan.
82
Jan.
86
Jan.
Oct. 28 110
May
Oct. 31 58* Apr.
Nov. 3 28
Mch. 17
Roads.
The
30
76* Feb.
3 100* Jan.
44* Oct. 15
56 Sept. 30
Consolidated Coal
The latest railroad
57
Oct.
:
Jan.l to latest
1873.
date,
1872.
$110,442 $4,475,222 $4,491,751
20,046 1,115,395
954,538
28,300
991,068
846,319
1,285,567 11,607.053 10,593,010
252,301 11,751,59b 10,597,197
418,975 16,847,903 16,161,655
881.692 6,813,685 6.632.212
29,766 1,327,102 1.161.213
442,822 3,038,464 3,107,680
362.499 16,991,770 15,272,190
191,841 1,634,124 1.408,843
148.745 5,875,114 5.303,404
168,582 7,814,777 6,094.137
356.232 2,752,519 2.515,581
69,326 3,131,314 3,017,505
57,036 2,359,466 2,404,286
51,967 1,981,513 1,893,823
28,062 1,208,230 1,233,811
11,237
516,615
425,648
23,980 1,097,362
115,140
117,218
Gold market.—Gold
has been strengthened through¬
by the Spanish-Cuban complications and the fear
that they may result in open hostilities by our Government. In
addition to the Spanish news, the easier rates for money in this
market, and the better movement in exchange, have been in¬
fluences which favored a natural reaction in the price of gold
from the extreme decline reached in the early part of this month.
The news from London is much better, and in addition to the
reduction of one per cent made in the bank rate yesterday a
further reduction is expected soon, as money in the open market
is much below 8 per cent, the present bank figure.
On loans
gold is still heavy for carrying, ;\nd to day the rates were 1-32, 7,
6, and 7 per cent gold. Customs receipts for the week have
been $1,670,000.
The following table will show the course of the gold premium
each day of the past week:
out the week
-Quotations.
Open- Low- High- CIOsest.
est.
ing.
ing.
15..
109%
709% 108% 110
Saturday, Nov. 15.
Monday,
“ 17 ..109* 109* 109% 109%
109* 109* 110% 109%
Tuesday,
“ 18
Wednesday, “ 19.. 109% 109% 109% 109%
108% 109% 109%
Thursday, “ 20.. ..109
Friday,
" 21 ..109% 109* 110% 110%
.
.
.
Total
Clearings.
-Balances.
Gold.
*
87* 88*
21
85
63
61
Friday^
Nov. 21
110*111*
89*
22
29
60*
81
57*
2
'
27*
43* 43*
....
88
66
1*
89*
21*
•27*
19*
19*
27* 29*
27*
•82*
*x80* 82*
•56* 57* *56* 58
57
64
61
*62
60*
*28
84
*56*
87
88*
109*
42*
66* 68*
40*
38* 40*
61
63*
87* 88*
23* 30*
53
53*
10* 10*
23
24*
91* 91*
21* 22*
29
29*
19* 20*
19* 19*
31
Nov. 20.
39 *
90
PU
20* 21%
19* 20*
35
West, Un. Tel.
•
1*
91*
19* 20*
29
....
23* 24*
92* 92*
1*
l*
21* 23*
27
Panama
Canton
Cons. Coal
Maryland Coal
11
21*
28*
86*
109*
40*
65*
65* 67*
39* 40*
38* 39*
61
62*
87* 88
28* 29*
52* 53*
26*
91* 92*
91*
1*
Han. & St. Jos.
do
pref.
Union Pacific..
Wells, Fargo..
45*
88* 90
29* 81
53* 55
24* 25*
Boat., H.&Erie
Del., L. & WeBt
do
pref.
Pacific Mall....
Adams Exp....
American Ex..
United States.,
86* 87*
109*
40* 42
67* 65*
40* 41*
39* 41
64* 61*
40
63
Nov. 19.
109
*65
66* 67*
89* 41
Wabaah
Northwest
Quicksilver
Nov. 18.
_
..
the times, although the gross
receipts are somewhat behind last
year on several of the prominsnt roads.
N.Y.Cen.&H.R,
Tuesday, Wednesday, Thursday,
Nov. 17.
The entire range
follows:
since Jan.l.— —x
109* Oct.
Ill* Oct.
Nov.
7.
5-20’s, 1865
5-20’s, 1867
10-40’s
Nov.
109*
113*
Closing prices of securities in London have been
U. S. 6s,
U. S. 6s,
U. S. 5s,
New 5s
Not. 15.
since Jan. 1, and the amount of each class
Nov. 1, 1873, were as follows:
1881.... coup. 106* Nov.
6a, 1881.
1
19.
18.
♦109
114* *113*
114* 114*
115*
Lowest.
reg.
coup.
coup
coup.
coup.
new coup.
coup.
. .coup.
..reg.
coup.
reg.
Nov.
sale was made at the Board.
,
•5s, funded
6a, 4881
Nov.
& Nov. ♦108* 108* ♦108
108* 108* 108*
& Nov. 108* 109
109* 109* ♦109* no
110
♦110
♦110
109*
& Nov.
109* 109
& July. 113
112* 112* 112* 112* 112*
& July. 113* 113* 113
113* 114
114*
& July. 113* 113* *113* 113* 113* 114*
108
& Sept. ♦107
♦107* ♦107
*107* 108*
& Sept. 108* 108* 108* 107* 107* *107*
& July. no* *110* no* 110
109* 109*
»6s, 5-20’s, 1865 new,coup. .Jan.
6s, 5-20’8, 1867.... coup. .Jan.
6s, 5-20’8, 1868
coup. .Jan.
:5s, 10 40's
reg. Mar.
;5s, 10-40’s
coup. .Mar.
reg. .Jan.
68 Currency
*
Nov.
Nov.
17.
109
Saturday, Monday,
Col.Chic.&l.C.
ciently settled to warrant an active purchasing movement.
Closing prices daily have been as follows *
Nov.
15.
♦107
114
687
Currency.
$64,476,000 i $1,539,347 *1,701,410
39,745,000 1,115,750 1,249,820
28,526,000 1,029,788 1,146.801
44.913,000 1,409,975 1,712,127
49,557,000 1,182.373
1,317,605
40,605,000 1,047,958 1,183,675
THE CHRONICLE
<S
683
100« 108« 110'A 110« $417,822,000 $1,017,058 $1,183,675
Current week
Previous week
100% 100%
100% 110% 110%
107b£ 107
Jan. 1,1873, to date.. .112%
QUOTATIONS IN BOSTON. PIULIDELPIHA, lULTUIKIRR. &fi
1,207,123
1,138,402
253,704,000
91
maintained, and the quotations to-day were 107£ for 60 days, and
108| for short sight, with a concession of
on actual business.
Merchants have rather more money now, and have purchased
more freely for remittances during the past ten days, and as the
supply of commercial bills is comparatively light, the market
has been fairly supported.
There is little how in the way of
outside influences to disturb the natural course of exchange
dependent upon trade balances, since there are no borrowed bills,
and the effect of railroad loans abroad, or an export of United
States Government securities is no longer felt.
The reduction of 1 per cent in the Bank of England rate on
Thursday has had the effect of bringing the prices of long and
short sterling nearer together. Nominal quotations are as^fdllows:
-November 21.November 14.
60 days.
London prime bank
3 (lays.
n0 days.
3 days.
era’ sterling
.(7M07
107 (ft....
108%© 408%
109 (ft....
Lon. good bankers’. 100%(ftl00%
108%©% 08%
106%®10G%
108% ©4109
105 #106
Lon.prime com. s ter. 105%(3a0G%
©4.
Paris (bankers)
5.31%@5.32% 5.20%'©.5.27% 5.32%©45.33% 5.26%#5.27%
,
,
...
...
Swiss.
Amsterdam
II am burg
Frankfort
Premen
Prussian thalers.
.,
..
5.33% @5.36% 5.27%©5.28?4 5.32%#5.33?4 5.25 #5.26%
5.31% @5.32% 5.25 ©5.26% 5.30 ©45.31% 5.25 (ft....
40 6ft 40%
40
39% (& 39J
39%©4 31W
©4 40%
ut
95 (ft 95 ?4
94 (ft 94%
95
@ 94.%
©4 95%
4 0%©> 41
40% (ft 40%
40?s©4 40%
40?^©4 407/8
91 (ft 94%
95 © 95%
95 ©4 95%
94 ©4 94%
71X® ( ly«
70%@ 70?*'
70?4@ 70%
71%©4 71%
The transactions for the week at the Custom House
Treasury have been
Custom
House
.
377,000
308,0(0
.
Receipts.
Currency.
$829,534 50 $1,222,228 39
1,641,583 71
872,300 03
456,702 09
875,887 11
455,911 76
1,228,526 01
763,605 79
491.919 84
Currency
$398,288 72
476,591 94
251,303 10
1.067,724 74
308,6132 70
667,999 78
$1,670,000
Boston
Banks.—Below
we
National Banks, as returned to
Nov. 17, 1873:
Capital
$750,000
Atlantic
Atlas.
Blackstonc
Boston
1,300,000
1,500,000
1,000.000
Boylston
600,000
200,000
1,000,000
1,000,000
1,000,000
200,(00
1,000,000
Broadway
Columbian
Continental
Eliot
Everett
Faneuil Hall
Freeman’s
300.HOU
Giobe
1,000,000
750,000
give a statement of the Boston
the Clearing House on Monday,
Loans.
486,000
2,522.000
2,151,000
Merchants.
Mount Vernon
New England
North
Old Boston
Shaw.nut
Shoe * Leather....
State
915 101)
47J.0J0
102.0(10
1,167,000
7,( 00
51.(MO
13.202
3.71 >.(‘0(j
4 .Si (>.5iK)
1.30%“()0
5.06-»,1:)0
1,6(6) 000
3'61.000
2, !K *0,000
H ink of
Commerce
Bankot N.America
l,090,'6)0
1,000,000
B’k ol Red e mp4 foil.
B ink of Republic...
1,5(H),000
1,000,000
1,000,000
1,000,1X10
1.5(H),000
2,<8>O.O00
..
Eagle
Exchange
Hide & Leather
Revere
Security
1,3 'G.ooo
3.32\8tio
1,0; «J. (6)0
(Granite)...
5.527.0UC
3,01*3.000
20-1,000
1,000.000
U cion
Webster
3,4' bt'OU
450,000
351.100
423 1400
i14.0 J0
295,('!(),
066 (((j
1,584 4o0
i ;6.0JO
1,3(0,0(10
l/1 3/Ji 0
609,400
1.135,000
291.0(0
233,400
32S.CU0
91.O00
1.03 > ,0(0
960,"oo
|'8^U0
79/)(0
286,0(0
93.000
545.4:;p
9‘J7,0( (;
453,000
•
791.200
795.0.0
368,1 '00
599.0010
522.100
1,0:‘2 o o
;6 I.Ooki
17).,!00
318.200
594,000
70
Concord
Connecticut River
Connecticut & Passumpsic, pf.
Eastern (Mass )
Eastern (New Hampshire) ....
Fitchburg
,«•)*.<(()
l,9J6/(0
767.00)
2,200
5,200
5*3,000
142.400
1,7lE3oO
791.100
27*1,300
1.3*fS.(uU
720.('00
45',IJ00
; 06/00
1,517.500
Go,000
2.9 ir>.('00
2*6,0|)(j
2"U,:'00
22! 0i)()
173.000
594.1'uo
800,0(10
794.%)
2.om,‘00
IG.fflj
.hGUOO
4. %".:%(!
3.U0.100
•22,0 to
20G,‘JUU
30,000
3! 1 400
81 4 0
4,533.C‘>0
13,000
CQ0 300
827.01)0
2.57C.3 0
373.000
1,781,’00
1,000
67.0 '0
75(),0()<i
67 000
523.100
O'.b.'KH)
180,0'X)
1
69,000
2:4.(XO
158.000
2.583,. OO
6) 1(H)
i
11.O'X)
795 0-..H)
726 0, o
1.00)
11,0)0
362,100
41,0)0
544.0)0
494.000
:vi .coo
150.0! 0
327,09)
3,i(ll
713,100
8
45>,U(j(
32 7.' 00
1,071,*’00
1.339.(00
ft,mo
230.1X0
78.0'O
I44.330.0C0 ? 12*. 161.-00 fi.l!0,2 0
The total amount
do
do
93
"
92%
9%
75
124
93,000
fa.G44.POC
“duetobthernauks.”asperslatcmentof
The deviations from last week’s
returns are us
^II,341,200 f25.749.lU
Nov. 17,Is
$17,919,2)0
follows
i
he
Increase. $371,UK)
.Increase. 200,2)0
.increase.
215,GuO
.
following
Date.
Aug. 25
S*pt.1
Sept. 8
Sept. 15...
Sept. 22....,
Sept 29
‘ict.
Oct
Oct.
Oct
G
13
‘2!
27.
Nov 3
Nov 1C
Kov. 17
the totals for
Doans.
Aug. ip....
.
are
..
123,9.6.500
123,200. *:.*u
123.417,000
12l,OG\H)0
3 23.522.800
122,11 3,000
119,332.700
119,463,000
12-1,327,300
12
1,197.900
120,559.900
119,738,100
120,090,'.00
120,161,800
Specie.
1,350,300
1,911,800
1.321.500
1,01X3,300
1.233.500
1,64 2,900
1,309 200
1,343.40)
l.W)8,i 00
1,729,900
1,8 9,900
1.319.400
2.141,(00
2,110,200
Deposits....
Circulation.
a
...
..
series of weeks past:
LegalTender.
10,530,600
10,671.900
]0,733,2< 0
10.0; 1,300
9,016,300
8,413,C00
8,182,700
5,308,30i)
9,003,200
7, (50,900
5,5283)00
9,0:5,100
9,429,200
9,614,800
Deposits. Circulation
48.429.500
48.202,400
48.712.500
48.169.300
45.928.300
41.335.300
40,965,600
4< ,849.30(1
41.016,100
40.957,000
41.250.500
42. >97.500
43,907,‘910
44,31:1 ,*00
25.157.40 ’
25.451.40
25.4 :(),
O'*
25,544,50'’
25,611.50°
25,682.40''
2 5,677, Id'*
25,9 IH.Ilft
26,061, yfl
26.090.100
26.099.300
26.139,100
‘26,162,100
25,749,10)
*77
conv., ’82.
conv., g,’94.
gold. ’97
Morris, 1st M.f 6,1876
lU
do
do
2d
M., 1876
boat, ’85...
Pennsylvania 6s, 1910
Schuylkill Nav. 1st m. Cs,
8'}% 90*
do
do
do
do
do
100
2d m.,'82
[,['
“
’72*.!
78
70)4
6s,’95
6s, imp., ’81...
70%
77
68, boat.’88...
7s, boat,’89... 75
Susquehanna 6s, ’94
66%
do
Coal Co. bonds.
Union 1st mort. 6s, ’83
Wyoming VaJey 1st
m.
6s,
’78!
BALTIMORE.
Maryland 6s, Jan., A., J. & O..
do
6s, Deience
102
Baltimore 6s of’75
95% 95%
do
1884
Gs.:
7s
Exempts 1°2%
do
68, 1900
do
1890 Park 68
Baltimore & Ohio 6s of ’75.....
do
do
6s of ’8)...
do
do
6s ol ’ 85
do
3d M 6a
Central Ohio, 1st M., 6
Marietta & Cin., 1st M.,7,1891.
do
do
2d M.,7,1836.
!Norfolk Water 8s
Northern Cent., 1st M. (guar) 6
do 2d M., S. F.,6,’35.
do
do 3d M., S. F., 6,1906
do
do
do 3d M. (Y. & C) 6,’77
do Cons, (gold) 6,1«0(‘
do
Pitts. & Connellsv., 1st M.,7, ’98
.
...
|
■RAILROAD STOCKS.
Camden & Atlantic
do
do
pref
40
Oatawissa
16%
16X
do
pref
Elmira* Williamsport
Elmira* Williamsport pref..
East Pennsylvania
35%
41
Harrisb’g, Lancaster * C
Huntington* Broad Top.
do
do
pref.
Lehigh Valley
Little Schuylkill
do
10
56%
Mlne’nlll
49%
16
57
45
51%
59
1*>%
13
4“%
18%
Vi 1
^
/2
1:2
Phila.. Wllming. & Baltimore. 52
115
United N. J. Companies
52%
....
-...
CANAL STOCKS.
42
28%
—
—
5%
DX
Union pref
KU
Ff>%
65
83
‘
31
Colurn.,* Xenia, 1st M.,7,,’90.
Dayton & Mich., 1st M.,7 81..
do
do2d M.,7,’84..
do
do
3d M.,7,’88..
do To’do dep.bds,7,’Sl-'94.
Dayton & West., 1st M.,7,1905.
do
do
1st M., 6, 1905.
Ind., Cin. & Laf., 1st M.,7
do
(I.&C ) 1st M.,7,1888
Little Miami, 1st M., 6,1883...
Cin. Ham. & Dayton stock..
West Chester
do
pref
...
preferred
Cin., Ham. * D., 1st M., 7, 80...
do
do
2d M., 7, '85...
do
3d M8, 77...
do
Cin.. Ilam.* Ind.7s guar
Cin. & IndiaiiH, 1st M., 7
2d M.,7,1877..
do
do
i6
Philadelphia & Reading
Philadelphia * Trenton
Schuylkill Navigation
S6%
82
do
6s
88
do
7-30s
;04*
Ham. Co., Ohio 6 p. c. long bds. 90
do
do
7 p.c.,1 to5yrs. 95
do
do
lg bds, 7 * 7.30f .00
Covington & Cin. Bridge
65
35
49
29
45
Morris
do pref
65
Cincinnati 5s
82
Chesapeake* Delaware
Delaware Division.
Lehigh Navigation
F2%
93
€I\€INNATI,
Nesquehoning Valley
Penu8/<vania.
Philadelphia & Erie
92%
1st M., 6,1889
do
do
14
5 Ms
Kiver.
96
94
(West Md.lstM.,endorsed,6, ’fX>
do
1st M., unend.. 6. '90..
2d M., endorsed, 6/90.
do
Baltimore. * Ohio stock.'
151
..
—
94%
Parkersburg Branch
:Central Ohio
..
28%
50
.
122
Columbus * Xenia stock
Dayton & Michlgan stock
12%
8 p. c.
do
st’k
Little Miami stock
.
....
....
90
85
90
75
70
C5
90
89
-85
60
80
80
65
80
85
75
65
40
guar mu
88
S5
90
105
92
S7
101
75
92
90
95
85
80
75
95
92
90
85
F5
85
90
70
85
a0
60
<0
42
105
90
RAILROAD BONOS.
Alleghany Valley 7 3-10s, 1896.. 90
Belviciere Delaware,1st m,6,*77 —
do
do
Camden *
do
do
do
do
do
2d
3d
M.,’95f 76
M.,’87 75
93
Amboy, 6s, ’75
do
6 s,’83
do
6s, ’89
do mort. 6s,’89...
consol.,6s,’94...
35
Camden * Atlan. 1st m, 7s, ’73.
do
2d m, 7«. ’80..
99
91
—
chat.
m.
do
’88
79
....
—
do
do
Rb
Harrisburg 1st mort. 6s, ’83....
H. & B. T. 1st mort. 7s, ’90
do
2d mort. 7s, ’75
3d m. cons. 7s,’95.
do
InnAt i/in 1 ut tn/ivi
Juncuon 1st mort. (’.o
Gs, o.>.
do
2d
do
1900
•••
I 90
j 97
86
37%
do
do
do
Jeff., Mad.* I,lstM.(l*M)7,’81
.do
do 2d M.,7,
93
K;U
100
60
87
63
Louis. & Fr’k., 1st M.,6, *70-’7H..
do
Loulhv. Loan,6.’81.
L. * Nash. 1st M. (m.s.) 7. ’77..
do Lor. Loan (m.s.)6, ’86-’87
do
do
(Leb. Br.) 6, ’86
do IstM. (Mem. Br)7,’70-’75.
do lstM.(Leb.br.ex)7, ’80-’85
do
do
Lou. L’n(Leb.br.ex)6,’93
Consol. 1st M.,7,1898....
Jefferson., Mad. & Ind
Louisv., Cin. & Lex., pref
do
common.
Louisville & Nashville
90
ST.
ioo%;
80%'
36%'
93*
15
75
73
87
86
98
77
77
95
Pennsylvania, 1st M.,6, 1880...j 93%
1
95%
69
*
Aiidinterest
’.9
90
69
60
7(r
63
67
99
60
79
96
91
94
82%
91
40
32
40
31
50
78
50
9%
.
....
.
81%
Pacific (ol Mo) 1st M. gld....
Kansas Pact fie stock
PutdJic HR of Mo. stock
82
79
81
73
79
90
LOUIS.
St Louis Gs, Long Bonds
do
6s, Snort do
Water 6a gold.......
do
do
do
do
(new)
Park 6s gold
do
Sewer SpeclalTax 6t
do
Nortli Missouri. 1st M. 7s
do
2d M.?u...
HUM. 7s....
do
.
.
M.,6, 1875...
do
do 1st M.,7,1906....
Lo lisv.C.* Lex., 1st M.,7, ’97..
99*
....
Northern Central 2d in, 6s,’85.
...
do
do 2d ill, g, 6s, 1900 84
do
do 2d m. 6s. 1900
Nortli Penn. 1st m, 6s, ’85
96%
do
2d m. 7s,’96
96%
do
10s, chat, in.,’77
100
Oil Creek * Al. Ii., con. 7s, ’88.
6U
Oil Creek 1st m. 7s,’82..
72%
Penn & N. Y. Canal 7s,’96-1906 DO
2d
Wharf 6s
special tax 6s of ’89.
50
75
rO
75
77
79
8)
95
do reg...... 96
new 7s, reg., 1910 T'O
LittleSchuylkllUstM.,7,IF?7.
;fo
6s,’97 to’93
Water 6s, ’87 to ’89..
Water Stock 6s, *97.
do
Lehigh Valley, 6s, 1898
do
do
do
do
do
do
89
•••
new 7s, 1900
90
Connecting Gh 19O0-19U1
East Penn. 1st morl.7s,*83...
1(,0
El. * W’msport, 1st in, 7b.VC.| 95
J
I
••••
...
Louisville Cs, ’82 to ’87
89* *
—
Catawissa, 1st M. conv.,’82
do
do
LOUISVILLE.
...
Increase. $473,300
Decrease.
413,000
i66‘
.
71
93
100
Pennsylvania 5s, coup
do
6s,’67, 5-10,1st... 100
do
do
10-15, 2d.*, 104% i05%
do
do
15-25, 3d... 107%
97% 97%
Phllade’phla 6s, old
do
101% 112
6s, new
Alleghany County, 5s, coup... 78
90
f5
Alleghany City 6s
Pittsburg 5s
pref.
100
S3
Lehigh Navigation 6s, ’81,..."
do
KB,’97....
do
do
do
do
PHILADELPHIA.
do
98
CANAL BONDS.
Vermont & Canada
Vermont & Massachusetts
WestJersev
65 \
99
& Dela. 6s, ’82...
Delaware Division 6s, ’78..
5
Norristowm
Northern Central
North Pennsylvania
till Ore ax & Allegheny
103%
Chesapeake
43
New .Jersey State 6s,
Delaware State Gs—
78
.
1st m.7s,’77.,
Sunbury & Lewiston 7s
Warren & F. 1st m. <s,’96.... '
West Chester eons. 7s, ’91
West Jersey 6s, ’83
’
do
1st m. 6s, ’96!!!!.’
do
do
7s,’97...
Western Penn. 6s, ’93
;
do
do
Gs, p.b.,’9i
Wilming. & Read.,1st M .,7,1900
do
do 2d Mort, 1902
109
.
Lians
Specie
Legal renders
bonds,’93
Sunbury&Erie
....
Kutland common
do
preferred
85%
90
Phil.. Wilm. & Bal.,6s, *84....*’
Pitts., Cin. & St. Louis 7s....
do
do
pTef,... 92% I 93*
lil%
Colony,
121% 122
Port., Saco & Portsmouth
do
reg *
deb.
m
98* *
conv, 1910
g. m. 7s, c. 1911
do
reg...
6b. g
lM'.o
d°
do
125
Old
do
Total
96 %
112
144
70
Chic., Bur. & Quir.cy
Cin., Sandusky & Clev. stock.
4.loo
7. 8.3)0
81.0 0
2.261.30(1
Manufacturers..
j
114,100
500.000
50O.Oi 6)
5(H 1,000
Central
71 1.0' 0
517,5 *0
71,“to
1 t5(H).(i!)0
Commonwealth
358,300
242.009
31,(110
:.92l.2uC
4
35I,0:;C
925,400
85S,(( 0
96; 00
221,300
2o;*,100
1,9.0,1(10
2,C(Mi.:T0
2,'8 h.'XiO
1,S1‘L-TG
1,128,000
'392,200
66,500
600,000
2,000.000
750,000
W ashington
863,000
40",0(0
933,(<00
479, (o
30 KH)
7;.mo
73,300
117,200
U.HiO
G1 ('•»
50, ‘21 0
12-.2(10
25,000
39,500
7,000
2-,0)0
253 3(H)
793,006
596.0 U
400,490
175.090
796.00
57 .,00U
794,499
118,000
559,3(10
8' 5.1 00
6)2,; 00
62').(KI0
3!,000
12,0(0
571/00
2,000.000
1,500,000
Tremont.
City....
Boston & Lowell stock
Boston & Maine.,
Boston & Providence.....
Cheshire preferred
Bid. Ask
Perkiomen 1st m.Gs,’97.. ’’’
Phila. & Erie' 1st m. 6s, ’81*.
80* ’
,do
2d m. 7s. *88.111*
Philadelphia & Reading 6s, ’80 90
do
do
78, ’93 100
do
5s. gold
94%
94%
Chicago Sewerage 7s
do
94%
Municipal 7s
Portland 6s, building loan
Burlington & Mo. L. U., 7
Cheshire, 6
Eastern Mass., conv., 6, 1874...
Hartford & Erie, 1st M (new)7. 25
25%
Ogdensburg & Lake Ch. 8s
Old Col. * Newport Bds, 6, ’76.
do
do Bonds, 7,1377..
75
Kutland, new, 7
70
Stansted & Chambly 7s
Verin’t Ceu., 1st M., cons.,7, ’86 20
5
ij*
do
2d Mort., 7,1891....,
78
Vermont & Can., new, 8
Vermont & Mass., 1st M. 6,’83.
125*
Boston & Albany stock
Tc'H.0.0
14,000
57,0, ()
109,00(1
90,000
237.JOU
69,000
221,000
102.300
5J,0J0
25.000
$448,000
76 r,2.0
COT.M'O
18 .9J1)
33,300
603. IOC
2,590,1 H)U
2,*'75.( 00
$ 162.000
o7,U0U
4/0(0
266, b 0
119,400
26.100
12.000
l.UOO.OOU
900,000
1,000.000
1.000.000
Suffolk
Traders
.
26/000
31,(M0
7,092.200
1,000.000
Deposits Ciroula
$114,0(0
I^.IHJO
2.6.'4.: 00
6-3.1IJU
3.1'lo.iXO
1.558,100
200,000
Maverick
.
3,500
32.(MU
7 3 <C
21,(10
2.199 000
1.580.200
400.1)00
800,000
800.000
L.T. Notes,
$35/00
2.136.100
1.4 *L.10G
2,286.1 uu
’,574,100
2.]"(!,IH]0
1,171.1 00
1,000,000
;
Massachusetts
Specie.
$1,679,000
3,357.000
3,679.200
3,000,000
Hamilton
Howard
96
Massachusetts 6s, Currency...
do
6s Gold, 1876...
do
5b, Gold...
Boston 6s
do
Banks.
M arket
$8,024,235 99
$18,333,452 94 $10,457,926 16
Balance, Nov. 21...
Maine Cs
New Hampshire,68
Vermont 6s
STATE AND CITY BOND8.
$49,132,210 56
Balance, Nov. 14
First
Second
Third
$141,716 51
771,378 42
513,723 79
1,497,233 67
263,009
Total
Gold.
916,622 56
Pennsylva.,gcn.m.
do
do
Ogdens. & L. Champlain
Payments.
Cold.
SECURITIES.
BOSTON.
Manchester & Lawrence
Northers of New Hampshire..
Norwich* Worcester
455.908 30
563.381 22
939.581 89
250,000
183,000
20..21
b
Sub-Treasury.-
Receipts.
$229,000
Nov. 15
17....
u
follows:
as
Bid. Ask.
SECURITIES.
Foreign Excliange.—The market weakened slightly soon
after the date of our last report, but Las since been pretty well
Antwerp
[November 22,1873.
27
50*
"
■
Ronds ana
,
V ovemm
QUOTATIONS of stocks and BONDS IN NEW YORK.
active Railroad Stocks are quoted on a previous page ana not repeated here. Prices represent
value, whatever the par may be. “ N. T. Local Securities ” are quoted in a separate list.
Erie 7s, 5tli
IT. S.
(Quoted
Long Dock Bonds
previously.)
78 81
71%
Tennessee 6s, old
do
do new
Virginia6s, old
do new bonds.....
do consol, bonds.,
do deferred do ...
Georgia 6s
•••••••
do
78, new bonds
do
7s, endorsed
do
7s, Gold....
North Carolina 6s. old.
do
do
R.K.coup
do ex coup...
do
do
do
do
do
toN.fc.
72
34
40
50%
51*
9
12
do
do
Missouri 6s
d
Of 1838.
•••••
Han. & St.
do
do
do
do
do
do
30
25
96*;
Central Pacific gold Bonds....
do
State Aid bds.
Western Pacific bonds
Union Pacific 1st M’geBonds.
20
87
80
Of 1910.
do
7s, large bonds
100%
Connecticut 6s
99
Rhode Island 6s
Alabama 5s, 1883
do
do, 16SS
do
-8s, 1886
88 Mont & Euf’la R..
do
8s Mab. & Chat. R..
do
do
8s
.....Of 1593..
Arkansas 6s, funded..........
do
7s, L. R. & Ft.S.iss.
do
7s, Memphis & L. R..
do
7s, L. It.,P. H.&N.O.
do
7s, Miss. O. & R. Rlv.
78 Ark. Cent R
do
„„
25
1876
entucky 6s
do
6s, Canal, 1873.
68, do
6s, do
6s, do
6s, do
1874......
5s, do
do
do
do
do
do
do
do
cou
5s,
do
6s,
dogldl8S7...
I tailroad
107”
107
107
107
108
112“
U3
87
92
95
91
do
do
pref
Chic. Bur & Quincy
Clev., Col.,Cln. & Indlanap..
Cleve. & Pittsburg, guar—
Dubuque A ttioux City.. Harlem pret.
Illinois Central
Toilet & Chicago
92%
66
68
7i
45
110
91
160
85
Long Island
Marietta & Cin., 1st preferred
do
do
2d pref
...
Morris* Essex
Mo., Kansas & T
New Jersey Southern
......
N. Y., New Haven & Hartford 121 % 121%
110
W.Y., Prov. A Bust (Stoningt.)
Ohio* Mississippi, preterred. 58“
90
Pitts., Ft W. A Chic., guar... 87
do
do
special..
97“ 96
Rensselaer & Saratoga...
Rome, Watertown * Ogdens..
8t. Louis, Alton & T. Haute...
do
do
pref.
St. Louis & Iron Mountain....
St. L., Kan. C.A Northern pref
46%
Toledo, Peoria* Warsaw
Toledo. Wab.& Western, pret.
miscellaneous Stocks
60
American Coal
Boston Water Power
Cumberland Coal and Iron
Cent. N. J. Land Improv. Co.
...
210
Pennsylvania Coal
Canton Co
Delaware & Hudson Canal
Atlantic Mall Steamship
60*
li
105 % 107
Mariposa Mining Co
do
do
pref
Land & Mining Co.
do
pref.
Railroad Ronds.
N.Y. Centrals*, 1883
do
do
do
do
6* 1687
86%
86%
6s, real estate...
6s, subscription.
80
81
78.1876
7s, conv.
do
1876....
Erie 1b* Mortgage Extended,
do
do
Endorsed..
do 7s, 2d do
1879
do 7s, 3d do
1883
Uo 7s 4th do '
18oU
250
10
.
Wilkesbarre Coal & Iron
do
91%
•
•
96
94“
91%
CITIES.
Atlanta, Ga., 7s
do
"8s
Augusta, Ga.,7b. bonds
Charleston stock 6b
Charleston, S.C.,7s, F.L.bds...
Columbia,S. C.,6s
....
92
76*^ 77*
.
do
40%
101 %
do
do
2d Mort. 97% IO')
90
do
do
8d Mort. 86
do
d)8p. c. eq’t bds
Cleve. & ntts., Consol, S. F’d. 38**
95
98
do
do
3d Mort
b7
do
do
4th Mort
Chic. & Alton Sinking Fund.,
105* *
do
do
1st Mortgage...
93
Income
do
do
S3%
Ohio & Miss., consol, sink. f...
Consolidated....
do
do
2d
do
Dub & Sioux C., 1st M
do
do
2d div
Peninsula 1st Mort., conv.
91
St. L. & Iron Mountain, 1st. M.
71
do
do
*
2d M. 70
Mil. & St. Pam 1st M. 8s P.I>. 01% 10! *
90%
do
do 7 3-10 do
do
73“ 75
7s gold II. I).
do
do
84
85
do 1st Mort. LaC.D
do
do
IstM.I.&M.D. 70%
do
78“
do
IstM.I.&D.. 75
do
IstM.I.&I...
do
do
do
1st M. II. & D.
do
do
1st M. C. & M.
do
71
do
2d M
do
do
1st Mort
Marietta & Cin
Clue. & Milwaukee 1st Mort.
102
Joliet & Chicago, 1st Mort
Chic. & Gt. Eastern, 1st Mort..
Col., Cliic. & Ind. C., 1st Mort.
ao
do
2d Mort
Tol., Peoria & Warsaw, E, D..
60
71
(io
W. D..
do
do
do
Burl’n Div.
do
2d M..
uo
Consol. 7s
do
New York & N. Haven 6s
2i
Boston, H. * Erie.1st mort. ..
do
do
guaranteed
70*
Cedar Falls & Minn. 1st M
Bur., C. Rapids & Minn.7s,gld
Rome & Watertown 1st M
Am Dock <fe lm. Co. 7.’86.....
West. Union Tel., 1st mort. 7s. 83*
Lone Island RR 1st M. 7s
Smithtown & Pt. Jeff. 1st M...
St. Louis, Jack. & Cliic. 1st M.
South Side, L.I, 1st Mort. bds
do
Sinking Fund..
Morris* Essex, convertible...
do
do
construction.
Winona & St. Peters 1st 111
O. C. C. * Ind’s 1st M, 7s, S. F.
Lacrosse* Mil. 8s, 1st M
American Central 8s
J
Chi. & Southwestern RR.7’s..
Chesapeake & 0.1st
82
69
71%
7i%
65
65
*>i '■<
do
m.
9U
gld 6s
2d mort gold 7s
do
2d 7s, 20 yrs...
do
Chic., Danv.& Vincen's «s,gld
do
6s, new
New Orleans5s
ao
ao
consol. 6s
do
do
bonds, 7s
10s
do
do
do
to railroads, 6s
do
Norfolk 6s
Cleve., Alt. V. & Del. 7s, gold.
Connecticut Valley 7s, gold...
Connecticut Western 1st 7s....
Chic. * Mich. Lake Shore 8s..
Dcs Alolues Valley 1st, 8s
do
do Land Grant 8s
Petersburg 6s....
Dan., Urb., Bl. & P. 1st m 7 gld
Detroit, Hillsdale & In. RRi 8’s
Wilmington, N.C., 6s cold
do
do
8s gold
Elizabethtown & Padu. 8s con
F.vanBville, T H & Chic 7s, gld
do
2d 8s
,80
U>5
35
U>4
83
83
16,
SO
85
88
Iowa Falls & Sioux C. 1st 7s...
Indianapolis & St. Louis 7s
Ind. & 111. C 1st m gold 7s...
J ackson, Lansin/ & Sag. 8s...
Jack., N.W.&S.E. 1st m gl s7
Kansas Pac. 78, Extension, gld
do
7s, LamfGr., gld.
do
7s,
do new, gld
do
6s, g el, Jim & Dec
do
6s, do Feb & Aug
do
7s, 1876, Land Gr.
do
7s, Leaven. Brch.
do
Incomes, No. II..
do
do
No 16..
do
Stork
Kalamazoo & South H. 8s, guar
gld
Atchison, Top. & S. Fe 7s gld.
Atchison & Nebraska 8 p. c....
Bur. & Mo. River, stock
do
do
Land M. 7s..
do
do
2d 3., do 7s..
do
do
3d S.. do 8s..
(K.Tenu., Va A Ga.,lst M.,7s..
!Macon * Brunswick end. 7s...
|Maeon A Western stuck
66
60
Macon and Augusta bonds...
(io
endorsed
do
do
do
stock
75
Oregon & California 7s, gold..
Oswego & Rome 7s, guar
Peoria. Pekin & 1.1st m, gold
Pitts .Cin. * Rt.L. 1st 7s
Port Huron A L M.7s, gld. end.
do
do
7s, gold
Peoria & Rock I. 7’s, gold
Rockf’d.R I. A St. L.1st7s,gld
Rome & Watertown 7s
Home, W. A Ogdensburg 7s...
Rondont & Oswego 7s.gold...
Sioux City A Pacific 6s
Southern Pacific 6’s,gold
South Side f L. !.) 7s
.
65
91**
94
St. L.. & St. Joseph.1st,6s, gld
Southern Central of N. Y. 7s..
Tebo & NeoshoTs, gold
Union* LogansportTs
Utah Central 6s, gold
Union Pac., So. branch. 6s, ghl
Walkill Valley 1st7s,gold ....
West Wisconsin 7s, gold
Now LomiN. Iloua. & Tex C. 1st in. 7s ext
1st end.
Income
do
do
..
do
exetfs.
8s. interest....
do
do
do
do
do
do
do
do
do
2 mtg,
Ss.,
income
stock..
(io
jN. Orleans * Jacks. 2d M. Ss.
do
cert’s,8s.
|
do
|N. Orleans * Opelous, 1st M.8s
* Chattanooga, 6s...
iNorfolk* Petersburg 1st m..Ss
! Nashville
i
do
do
■
7s
I
do
do 2d mo., St
;Northeastern, S.C., 1st M.8s....
.
do
2d M., Ss
[Orange and Alex., Ists, 6s
do
2ds, 6s
do
Sds, Ss
do
4ths,Ss
liichm’d * Peterb’g 1st m., 7s.
do
do
2d m., 6s.
3d in., 8s
do
do
Rich., Fre’ksb’g & Poto.6s....
do
do
do
conv. 7s.
Rich, and Danv. 1st cons’d 6s..
*
95
do
d >
60
(.0*
Piedmont 8s.
Ists, 8s
do
3<1 m.. 6s
do
4th ni., Ss
Southwest. RR., Ga., 1st mtg...
do
stock
S.Carolina RR. 1st Al, Is (new)
6s
do
do'
do 7s
do
stock
do
do
Va. & Tenn. Ists. 6s
do
2ds,6s
do
3ds 8s
West Ala., 8s guar
52%
77%
71%
8tU
80
90
72*
75
6<j'
70
80
80
76
75
73
70
35
94
80
85
SO
93
88
82
90
S5
90
S5
91
8
90
..
Selma, Home * l>.,lst M., Is.,
^outh * North Ala, 1st M.,8s.
SouthKide, Va., 1st mtg. Ss
do
2d in., guart’d 6s...
....
85
81
89
90
15
65
85
80
Montgom.A Kufaula 1st 8s, gld
end. by Rtate of Alabama...
Mobile * Mont., Ss gold, end
Mobile & Ohio sterling
50
92
6s
do
do
do
30
50
Memphis & Ohio, IP?,..
%
1st. Ai, 10s
*5
55
Memphis & Little li. let M
Mississippi Central, 1st m., 7s.
do
2dm., 8s...
Mississippi * Tenn., lstm.,7s .
do
do consoKL.S
Montgomery* West P.. 1st 8s.
95
* 1
64
72
15
90
94
78
79
76
35
62
78
90
T2
72
93
60
95
70
18
do
do
do
<io
do
Logans., Craw. & S. W. Ss, gld.
Michigan Air June, 8s
Mo.itiocllo & I*. JervisTs,gold
Montclair 1st 7s, gold,guar....
do
7s, income
Mo.. Kan. & Texas 7s gold
Mo. R., Ft., S. & Gulf, stock...
.
.
82
52
42
2d 7s..
tnock.
20
7%
102
Lenv., Atch. & N. W.7s,guar.
Leav Law. A Gal., stock
do
do
IstM.,10s..
Louisiana* Mo. Rlv. 1st m.7s
do
2d M.,10s
N. J. Midland 1st 7s, gold,guar
do
2d 7s guar
N. Y. * Osw. Mid. 1 s 1 7s, gold.
do
do
2d 7s, conv.
New York & Boston 7s gold..
N. Haven. Middiet. & W. 7s....
Newhuig br’ch 7s, guar. Erie.
North. Pac. 1st 111. gold 7 3-10s
Omaha & Souths estern RR.S’s
.
33** Memphis & Charleston, 1st 7s..
Kansas City & Cameron 10s...
Kan. C., st. Jo. * C. B. S p. c..
L, Out. Shore RR. 1st m. gld 7s
Lake Sup. & Miss. 1st 7’s, gld.
do
do
2d 7s
do
do
stock
do
stock
Greenville & Col. 7s, guar
do
do
7s. eerlif..
75
80
Kal.,Alleghan &G li.8s,guar
Kal.& White Pigeon 7s
do
do
do
Georgia IL R.. 7s
90
“
12%
jChcraw and Darlington 7s....
(East Tenn.A Va. 6b end. Tenn
Tenn. & Geeigia6s
Kaat
Vs *
95%
45
50
Ala. * Chatt., 1st,M, 8s, end...
Ala. & Tcnn. R. 1st M..78....
do
2d M.,7s
Atlantic & Gnlt consol
do
end. Sav&n’h
do
do
stock
do
do
do
do
guaran.
Central Georgia, 1st M„7b
do
do
consol. AI. 7s
do
do
stock
Charlotte Col. & A.,let m.,7s.
stock
do
do
Charleston* Savannahfis,end.
iSavannah and Char., 1st m., 7s.
■
87%
Indiannp., Bl. & W. 1st 7s, gld.
do
65
68
70
EATLUOADS.
Evansville, Hen. & Nasnv.7s..
Indianap.* Vincen. 1st 7s.guar
75
80
70
50
70
60
S5
76
80
SO
65
30
Richmond 6s
Savannah 7s, old
do
7s, new
Dutchess & Columbia 7s
Denver Pacific 7s, gold
Denver & Rio Grande 7s, gold
Detroit. Lansing & Lake Al. 8s
Evansville & Crawfordsv. 7s..
Erie & Pittsburgh 1st 7s
do
2d 7s
do
7s. equip—
European & North Am. 6s,gld
8s
no
72
80
85
54
72
62
75
T2
75
50
50
52
50
55
Montgomery 8s
Nashville 6s, old
Chic. & Can. South. 1st m gl 7s
Ch., I). & V., I. div., 1 m gld 7s
Flint & Pere AI. 7s, Land Gr..
Fort W.. Jackson & Sag. 8s...
Grand R. & Ind. 7s, gold,guar.
do
do 7s, plain
Grand River Valley 8s
Rous. & Tex. C. 1st g old 7s...
..
do
new bonds, 6s
do
end.,M.A C.R.li...
Mobile58
Col. & Hock. V. 1st 7s, 30 yrs .
do
do
1st 7s. 10 yrs..
Spring. A ill. S. K. UR. ! 111 gl 7s
96% Steubenville & Indiana 6s
“
2a 7s
Southern Minn, construe. 3s.
Lafayette, Hl’n & Miss. 1st M.
do
do 7s
Pek in, IA neol 11 & Decat n r 1 st M
St.Jo.&C.Bl. st M.,10s
Man. & Cent. Missouri 1st M..
do
do
8 p. c..
Cin.,Lafayette & Chic. IstM.
St. Jo. & Den. C.8s,gold,W. D
Del. * Hudson Canal 1st M.’9i 99* 100
:8
do
do
8s,gold,E.l)
Pacific IIR. of Mo., stock
Sandusky, Mans. * Newark 7s 80
Pacific R.of Mo. 1st 68. gold ’88
St.Louis, Vandalia & T. II. 1st
do
do 2d 7s, cur’y. ’91
do
do
2d
St. L. & So’eastern 1st 7s, gold
miscellaneous List.
Arkansas Levee bonds 7s
Atchison & P. P/C,68 gold
Atlantic & Pacific L.G. 6’s
7s,bonds...
^
Lynchburg 6s
Mocon 7s, bonds
Memphis old bonds, 6s
Columbus, Ga.,
50
Peoria * Hannibal R. 8’s.,
.
do
79%
.
...
Chicago & Iowa R.8’s.... j **
•
...
(Not previously quoted.)
Albany & Susquehanna
Chicago & Alton
Soring Mountain Coal
95“
90
92
....
Stock*.
Michigan Central..
85
91
b6 *
Pitts., Ft. W. & Chic., 1st M....
103%
do
Quincy & Tol., 1st M., 1890....
111. & So. low?.. 1st Mort
Galena & Chicago Extended
2d Mort.
New Jersey Southern 1st in 7s
■03% 104
uo
.
do
Land Grant, 7s.. 69% 70%
57
58
do
Income 10s
Illinois Central 7 p. ct., 1875... 100
90*
Bellev’le & S.Ills. R. IstM. 8’b.
92% 95
Alton & T. H., 1st M
82
83
do
2d M. pref
do
do
2d M.Income.. 67
do
96
Chic. & N. Western S. Fund...
do
do
Int. Bonds
do
do
Consol, bds 87
do
Kxtn. Bds 80
do
95
do
do
1st Mort...
do coup gld bds 90% 9'J
do
do
do reghl
do
Iowa Midland, 1st mort., 8s... 85* *
dan. & St. Jo. Land Grants...
7 *4 ”
77
do
do convertible
lOO
Del.. Lack. & Western, 1st M. 97
do
do
2d M.. 97
do
do
7s, conv. 96% 98*
94
Tol. & Wab’b, 1st Mort. ext’d. 90
82
do
1st M. St L div.
82% 85
do
2d Mort
68
do
Equip. Bds
72*
do
t on*. Convert. 70
87
Hannibal & Napie* 1st M
Great Western, 1st M., 1888....
75
2d M. 1893....
do
do
to
69,1883
do
7b, 1878
ew York Bounty, reg
do
65
90
90
90
SO
90
90
90
SO
Securities.
Southern
6s, 2d M.. gld
do
Canada Southern 1st 7s, gold.
Central Pac. 7s, gold, conv
Central of Iowa. lstM,7’s gld.
1
Jersey Central, 1st M., n.
90
102
85
Uchigan 6s, 1878...
*
■»
do
2d Moit... 90*
101%
Chic. R. Island A Pacific
Morris & Essex, 1st Mcrt
96%
do
do
2d Mort
101
101
New
1881
1S86...
linois 6s coupon, ’7*.
do
IS <9
do
do
War Loan
i.liana 5s
90
75
38
107
do
1st M. 8s, 1882
Chic., Bur. & Q. 8 p. c. 1st M.. 106% '♦
9i%
Mich. So. 7 per ct. 2d Mort—
do
2dM,7’fl,gld
99
Mich. S. & N 1. S.F.7P.C...
99% Keokuk & St. Paul, 8s....'
99
100
Cartilage & Bur. 8s
Cleve. & Tol. Sinking Fund
84
94
Dixon, Peoria * Han., 8s. 0’S
Cleve. & Tol., new bonds
O.O. & Fox R. Valley 8s. •e =
98
Cleve., P’ville & Ash., old bds. y3
88
90
do
do new bds.
Quincy* Warsaw, 8s.... a
a
Ill. Giaiul Trunk..
Detroit, Monroe & Tol bonds. 95
39
98
Cliic., Dub. & Minn., 8s..
Buffalo & Erie, new bonds ...
Lake Shore con. coup, bonds.
do
Con. reg. bonds...
Pacific R. 7s. guart’d by Mo...
California 7s
do 6s,
do 6s,
Consol. 7s, 1902..
Lake Shore Div. bonds
47
45
7s, Penitentiary
6s, levee bonds
do
8s
88
do
18i5..
exas, lCs, of
Mo 68,1875
92
yT~ 94**
.
83%
.Joseph. 33% 86*
8s
.
’
..
do new bonds.......
do new floating debt.
do
.
45
.
22
Asylum bonds
Louisiana 6s
—
io
Mich. Cent.,
do
d*-
97
90
»
new
7s
2d
3d
do
do
Bur., C. R. & Mo. (M.div.)g.Is
Burl. & M. (In Neb.) 1st conv..
California & Oregon 6s, cold..
California Pac. KR.7’s, gld....
Bid, Ask
'Houston & Gt. N. let m. gl 1 7
ilmernat'l RR,Tex,lstm gU17
Ind., I*. A W. Ext, let m gl7s
Tol., Wab. * W. mort. gld. 7o
Texas & Pacific 6s, sr
St. Louis* S. E. RR. con.m
Portland * Og. (Vt. div.j 6sg
do
6th S., do 86..
do Crcston Branch
do Chariton Branch
do
do
....
S’kg F’d 6t
Albany & Susqh’a, 1st bonds
Harlem, Con.M. &
do
do
do
the pel
8BOUBITIB8.
Ask
Bur. & Mo. River 4th S.,do 8s..
ho
do
5th S., do 8s..
9i“
*
61
80
bonds.,
Special Tax.
22
South Carolina Os
8%
do
Jan. & July,
do
do
April & Oct.
do
ii li
do Funding Act, 1866
do
do Land C, 1889, J & J
do
do Land C, 1839, A *0
do
_
73
73
40
Funding Act, 1866.
do
lobo-
do
do
do
do
do
do
do
do
90%
Bull. N. Y. & E. 1st M., 1877
Hud. R. 7s, 2d M. S. F. 1885
do
7s, 8d Mort., 1875
Bonds.
State
gold bds..
Btd.
SRC’UEITIKe.
"92%
mortgag 1888
7s, cons. mort.
do
Bonds.
Bid. Ask.
SXOTJBITIXS.
Bid. 1 Ask
SKCTDBITIBS.
4
689
CHRONICLE.
THE
22,1873.]
,
November
100
95
81
62
82
97
92
81
60
62
16
92
35
88
90
Wilmington and Weldon7s
do
Ch* Ruth. 1st 111. end
do
do
lfel At8s....
r A ST DTK
cot'PON a.
Coupons
Virginia Coupons
uo
Consol. Coup
Memphis City Coupons...;
Nashville City Coupons
Tennessee State
55
35
t7*
70
\
690
THE
CHRONICLE
(November 22, 1873.
NEW YORE LOCAL SECURITIES.
Bank Stock List.
Companies.
Capital.
Insurance Stock List.
Dividends.
Marked thus (*) are
Par Amount. Periods.
not National.
1871
1872
Price.
Bid.
Last Paid.
(Quotations by E. S. Bailey,
broker, 65 Wall street.)
Askc
Net Sue
PLUS,
Capital.
.
Companies.
America*
American
American
Atlantic
100
100
100
75
Bowery...^.
Broadway
Bull’s Head*
Butchers & Drovers
Central.
Chatham
Chemical
Citizens’
800,GOO
250,000
1,000,000
J.&J.
J.&J.
J & J
City
Commerce
Commonwealth
Continental
Corn Exchange*
Currency
100
Eleventh Ward*
Filth
First
Fourth
Fulton
German American*..
Germania*
Greenwich*
Grocers
Hanover
Harlem*
Importers’ & Traders’.
Irving
Manutctrers’& Build.*
Leather Manufactrs...
Manhattan*
Manui. & Merchants*.
Marine
Market
Mechanics
.'.
Mech. Bkg Asso’tion..
Mechanics & Traders..
Mercantile
Merchants
Merchants’ Ex....
....
Metropolis*
Metropolitan
Murray Hill*
Nassau*
National Gallatin
New York
New York County
N Y.Nat.Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*
Nortn America*
North River*
Oriental*
Pacific*
Park...
Peonies*
Pher/x
Republic
Security’
St. Nicholas
Seventh Ward
Second
Shoe and Leather.
Sixth
State of New York....
Tenth
Tr.ird
..
Tradesmen’s
Union
West Side*
Gas
25
25
100
100
100
30
100
100
25
40
100
100
100
5»
100
100
50
100
10)
10C
25
50
25
100
50
50
100
100
100
100
50
100
100
100
100
100
100
100
50
25
50
100
25
20
100
100
:oo
100
100
100
100
100
100
100
4(1
50
100
1,000,000
150,000
500 00)
000,000
*
‘500,000
’500.000
100,000
6001)00
2.050.000
500,000
400,000
1.000,00c
2.000,000
1,000,000
3.0 0.3C0
1.000,000
500,000
300,000
42 >701
2,000,000
500,000
800.000
200 000
2.000JFO
1,000,000
1/00,000
1,000,00)
1.500,000
200,000
•
.
....
•
•
•
...
A.
do
Harlem
certificates
Oct. 1. *73. .4
Nov. 10/73. .4
Oct.10/73...4
120
duly 1/73...5
no
July, ’73...7
July 1/73... 8
M n
v,
*73... 5
125
Jersey City & Hoboken...
Manhattan
Metropolitan
ao
1,000,000
20
386,000
4,000,000
.
,
50
certificates
Mutual,N. Y
Nassau. Brooklyn.
do
scrip
.
100 2,800,000
750,000
100
...
’73. .3
1 ’53
4
1/73.3K
July 1/73...6
Nov. 1,*73,. .3
Julv 1/73...6
July 1/73...5
July 1,’73.3k
Aug., '73...4
July,
90
90
....
.
...
.
t
.
si
New York
1,000.000
500,000
l< 0
4,000,000
10. 1,000,000
95
’71.3k
7
’73...3
* July 1/73... 5
June, '73...6
'
,
.
.
i.33
Nov.10/73.. 4
July, '71...4
July 1/73... 4
July 1/73... 6
Nov. 1/73.. .5
July 1/73...4
S
12
10
4
IFF
105
65
People’s (Brooklyn)
do
do
bonds... .i
Westchester County
50
15
io-
Central Pk, N. A E.
st mortgage.
*
2d
do
500
500
500
Iiive)—stock 100
1000
1000
C'ney Island A Brooklyn—6tock
1st mortgage
Dry Dock, E. B. A Battery—stock
Istmortgage
2d mortgage
100
-000
100
1000
Sterling
Stuyvesant
Second Avenue—stock
1st mortgage
2U mortgage
Cons. Convertible
Sixth Avenue—Btock.
lat mortgage
Third Avenue—stock
1st mortgage
WlOlanvtburg A hlaibmh—stoctc
1 it mortgage
100
>1000
luow
last
dividend
ou
J. & J.
J &1>.
|
18S0
'July, 73
J.&D.
m
150
200
251,000
300.000
797,000
167,000
800,000
350,000
200,000
150,000
315,000
750,000
250,000
2,000,000
2,000,000
300,004
125,0 0
j. & j.
j. & j.
200,000
....
400.000
200,000
250.000
200,000
14,423
255,321 20**
—39,659
200,0(0
.
.
10
,
„
13
12
10
10
300,000
....
20
»
•
16
20
i6
-
20
14k
38k
5U63
13
18
—10,613
53,159
10
16
327,9^8
30,906
51,251
—13,675
31,604
200,000
1,000,000
200.000
20
10
300,000
200,000
200,000
200, (X'0
204,000
150,000
150,000
14 k
14
10
11
10
18
24,456
Julvi ’73. .5
June,*73.10
is
-
20
20
10
20
10
20
10
10
....
10
10
10
10
10
10
11
6,800 5
91,859 10
250,000
—377,067 io
—13,377
-1,955 11
1
.
11
16
10
3.013
—8/. 43
uly* ’73 ”5
Aug.,’73..5
.
.
10
5
5
250,000
200,000
150,000
10
14
200,000
200,000
300,000
150,000
200,000
200,000
210,000
200,000
200,000
500.000
....
io
is
10
11
131,693
102,43?
4,884
123.000
175,510
r9,7«6
199,972
136,370
.
20
10
5
‘>0
>0
i2
io
20
12
20
16
25
6
20
16
53U
350,000
200,000
200,000
215,368
113,477
163,139
76.413
43,893
150.000
150,000
1.000,000
200,000
—137
300,000
200,000
13,772
-25/21
200.000
143.866
200,000
150,000
200,000
200,000
10
10
16
i 10
11
12
10
10
10
10
15
—895
849
—532
200.000
19,568
107,240
20.697
200,000
150,000
250,000
200,000
187,019
10
11
5
10
10
12
14
24,311 io
250,000
10
10
16
10
12
12
3k
18
10
23
20
11
14
12
16
12
12
12
10
11
10
10
11
12
10
10
16
3k
10
14
14
20
10
7
10
10
10
14
14
10
90
120
’'
100
.
on
90
140
87k
95
75
duly. ’73..4
Julv,
July,
July,
July,
*
’73.19 J**"
1«*5
'73.10 !70
’72..5
’73.10 'ieu”
Aug., ’73.10 130
July, ’73..5
Oct., ’73..6
July, ’73.10
July, ’73..8
Ang./73.1C
July, 73. .6
July, ’73..5
July, ’73. 5
dulv/73.. .fi
175
165
60 "
£5
80
112
170
140
lr0
118
......
75
85
.....
July,’71.3k
70
Aug.,’73.10 ‘iio"
•July, ’73 .5
10
July,’73..5
13k July/73, f
10
Julv, ’73. .5
10
Aug, ,’73.. 5
16
10
10
10
10
90
*65**
....
....
5 k 10
10
10
20
20
4
ii
10
20
20
12
12
IS
18
15
16
24,692
80
115
....
....
90
60
July,’72..5
....
.
-17,027
my1
July, ’73. 5
.July, ’73..7 !30
July, ’73..7
July, ’73..5
July, '73..5 **85"
Julv,’73.10 150
July,’73..5
July, ’73..5 *’56“
July, ’73. .7 120
10
14
46,594
Y)~
80
10
15
—11,545
30,69 > 10
135,727 14
11,379
186,329 15
95
July, ’73..5
July, ’73.10 W
July, '73..5
10
15
....
SO
•
10
20
10
10
20
5
50,184
50,000
7d
oil
July, ’72..5
—59,857
2 0.000
65
Jan., ’72..5
July/73...4 “80 *
July, ’7S..5 70
98,818
85,139 10
99,183 10
30,532 5
16.593
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
90
95
*90* '*97k
10
9k
10
10
10
200,000
J
17k July ,’73.. 10
Ju'y/73.. .5
10
ioo*
"
8k 10
10
5
70
...•
65
S
24
Aug.,’73.14
8 k Ju'y. ’72..5
10
12
10
-
*66
•July, ’73. .5
12k July,’73.7k
20
10
15
110
50
July, ’73. .5
10
20
10
•••
90
Aug.,’73..5
10
10
53,394 10
210.717 20
•
Oct., ’73.10 *180** '266'*
July, ’7S..5 90
96
5
26,798
63,561 10
200,000
200,000
150,000
*
8k July/73... 5
10
—1.025
1,000,000
500,000
200,000
i0
160
Aug.,’7:L 10 ids *
July, ’73.10 185
20
Jan'
44,010 10
200,000
uly, ’73..5
13k July/73.3k ICO
14k 20
Aug.,’73. .7 1£0
14
17
July, ’73..5 )03
10
10
July, ’72..5 55
10
10
Julv, ’73..5
10
11
July, ’73..5 ■JQ ’
20
10
4
20**
J
20
20
13
—30,712
200,000
10
is
20
184,271
60
July’ ’73. .5
L.
20
200 088
41.599
July,’73.3k 50
July, ’72. .*
July, ’73. .7 *i30*
5
14
6
.
17
12
10
165,898
200,000
153,000
300,000
210,000
250,000
300,000
200,000
2,500,000
150,000
: 00,000
10
3,150
—16,557
88,323 17
27,845 10
10
12
14
14
5
10
Julv,
July,
July,
July,
'7s..7
'73..5
’73..
1
72..5
[July, *73
.5
95
95
ioo"
iio
101
130
'ioo"
....
*
Over all liabilities, including re-insurance, capital and profit
scrip,
t Gone into hands of receiver since Boston fire.
Before figures denotes impairment of capital.
City Securities.
j
& j
.
104
160
;;;;;;;;
1S'T
1334
18:5
1882
1890
Floating debt stock
Aug/73
1874-76
J. &
J.&J.
M.&N.
A. & O.
95
90
M.&N.
1878
7
2
7
7
7
7
5
7
4
7
.J.
J.
J.
F.
do
Nov/73
1873
7
175
95
Street
do
!
IS 90
Aur/73
1890
J. & J.
M ,&S.
do
1869.
var.
var.
var.
5
6
5
6
Payable.
Bid.
Ask.
bonds
6
ioo
i
1
yiockn, bUt uaCo of inaHihr.y of bonds.
1.50
do
do
do
do
May & November.
6
5
6
5
Feb., May Aug.& Nov.
7
6
7
May & November.
Feb.,May, Aug.& Nov.
May & November.
6
do
do
do
do
do
do
do
do
do
do
7
6
7
6g.
6
7
1819-65.
1861-65.
6
7
1862-65.
6
7
7
7
6
7
Assessment bonds...
,.i
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1870-80
1875-79
1890
1883-90
1884-1911
1884-1900
1907-11
1874-98
1874-95
1871-76
1901
1878
1894-97
1873-75
1876
1889
1879-90
1901
1888
1879-82
95
95
91
91
91
99
91
9S
90
90
90
98
99
95
98
96
97
98
91
98
99
97
96
99
97
98
99
90
97
91
98
90
95
95
87
95
95
90
95
75
91
96
96
Be
96
96
91
Brooklyn:
Sewerage bonds
..
Feb., May Aug.& Nov.
7
do
do
....1806-70.
N. Y. Bridge bonds... .1870.
Park bonus
1860-71.
Water bonds
1357-71.
May/73
fn
imp. stock'
do
Local imp. bonds
Aug. 73
1877
1876
1885
1888
A.&O.
M.&N.
M.&N.
J. & J.
(.0
Consolidated bonds
City
& J.
& J.
& I).
& A.
1860.
1865-68.
1863.
1863.
Improvement stock.... 1869
•July’73
.
New York:
Water stock
1841-63.
do
1854-57.
Croton waterstock. .1845-51.
do
do
..1852-60.
Croton Aqued’ct stock. 1865.
do
pipes and mains
do
reservoir bonds
Central Park bonds.. 1853-57.
do
do
..1853-65.
Dock bonds...
1852.
do
1870.
Market stock
Soldiers’aid fund
do
do
& J.
Q-F.
Months
I
.
M.&N.
Bondsdue.
Rate.
July, 73
A.& O.
A .& O.
J. & J.
Price
100
no
1872
M. & S.
7
25
100
25
50
100
1(K)
25
25
25
100
50
200.000
130
.
7
2
Paid. Bid.
Askd
—
Aug.'73!
j.
5
100
’
1884
F. & A.
7
!10"0
i 100
j 1000
-[Washington
1
|Jan., ’73.. .5i
iJan., ’73...5!
i
V»riouj.
!.
7
<!
214.000
1,200,000
420,000
Price.
Interest.
10
7
7
500,000
203,000
750,000
200,000
170,000
100U
10 0
1000
1000
j u 0
Sd mortgage
(Sonin, n
550.000
6< 10,0*'I i
6
50
Tradesmen’s
United States
1,161,000
1001 1,000,000
mortgage
1(00:
82d St. A Grand St Ferry—stock.. 100
1st mortgage
1000!
Grand Street A Newtown—stock.
201
lark Avenue—stock
50
1st mortgage
If GO
Ninth Avenue—stock
IGOi
1st mortgage
K *00 i
•nil*
164,000
304.000
-
Eighth Avenue—Btock
1st
7
7
7
1869 1870 1871 1872 Last
1873.*
Nov., ’73.,..; 152
j.July 15,‘73..4
M.& S.
115.000
100.000
15
50
50
25
50
100
Importers’* Trad..
50
Irving...-.
...
..
30
Jefferson
20
Kings Co. (B’klyn)
Knickerbocker
<(0
50
Lafayette (B’klyn)
100
Lamar.. ].....
LeiioX
25
50
Long lsland(Bkly.)
25
Lorillard
Manuf & Builders’. 100
100
Manhattan
25
Mech.&Trad'rs*..
50
Mechanics’(Bklyn)
50
s...
Mercantile.,
Merchants’
50
:-o
Metropolitan
Montauk (B’klyn).
50
50
Nassau (B’klyii)..,
37 k
National
N. Y. Equitable
35
New York Fire
100
N. Y. & \onkers.. 100
fO
Niagara
North River.-.
25
Pacific
25
Park
100
Peter Cooper
20
20
People’s
Phenix (B’klyn) ..
50
50
Relief
100
Republic
Resolute
100
Standard
Star
1, ’73.10
Various, j
i
1
1st mortgage
2d
do
3rd
do
German-American
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
Hofl'man
Home...-
Safeguard
St.Nicholas
.[Nov.
i...
300,000 F. & A.
40‘,000
10
Williamsburg
50; 1,000,000 J.&J. .10
do
serin
1 1.000.000 I J. & J.
7
Sleeck.tr tSt.dk Fuiiont'trry—slock ion
OUU.OUU
1st mortgage—
l 00
644,000
Broadway A Seventh Ate—stock. | urn 2,100,000
1st mortgage
-1000 1,600.000
! 100C
Brooklyn City—stock
:o 2,000,000
1st mortgage
Iiooo
7
300,000
Broadway (Brooklyn)—stock
i ioo
5
200,000
Brooklyn <k Hunter's Pt—stock.. A 100
278,000
1 st mortgage bones
1000
7
278,000
Atlantic Avenue, Brooklyn -Btock 100
700,000
...
Firemen’s
Firemen’s Fund....
Firemen’s Trust.'..
Rutgers’..........
125
July 15/73...5
•July 15.’73. .5
Apr., '72.2k
Apr., ’73...5
Jan., ’72.7 k
Feb., ’iS....5
Jau., 72...5;
Various.
|
M.&N.
Q-F.
Continental..
tCorn Exchange...
Eagle
...
85
6k July.
12
[l0
J. & J.
J. & J.
J. & J.
100
50
100
25
40
100
30
50
17
10
10
100
100
50
50
25
100
.
Aug.', *73...4
5 000,000
25
.
.....
~
F.&A.
J. & .T.
City
.....
.
.
......
July 1/73... 4
v5> 2,000,000 *Q-F. J 20
20 1,200,000
,J. & J.
10
800.000 A. & O.
50
Citizens’
Clinton
Columbia
Commerce Fire....
Commercial
•
10
8
12
10
Brooklyn
Howard.
......
9
8
Brewers’ & M’lst’rs
Hope
......
[Quotations by Charles Otis, 4? Exchange Place.]
Citizens’Gas Co (Bklvn..
.
....
and City R.R. Stocks and Bonds.
Brooklyn Gas Light Co....
•
.....
12
10
7
10
12
50
25
100
25
17
20
70
100
Bowery
Gebhard.
.
....
./Etna.
American
American Exch’e..
Arctic
Atlantic
Exchange
Farragut
r'
.....
25
100
50
100
25
Empire City
•
....
16
12
10
7
8
8
J.
J.
J.
J
M.&N.
J. & J.
J. & J.
J. & J.
M.&N.
J. & J.
1,000,000
•
.....
7k .Tilly’
7
Julv
12
16
12
10
7
.
F.&
J. &
J. &
J. &
J &
1,000,000
.
.
Jan.,
F.&A.
J.&J.
500.000
* ♦ » »
....
9
n
t
j & j
j. & .j.
2,000,000
•
...
.
.
.
7
1
.
no
Oct.,
5
a
j.&j.
412,500
1,800 000
70
July 3,*73.8K
9
J
‘’460,606
.....
8
8
10
15
7
10
16
7
& J
J.&J.
J.&J.
1 000 000
...
,
8
J. & J.
J.&J.
J. & J.
1.500,00
200,000
110
Adriatic
Broadway
280
July 7/73. .5
8
J.&J.
200,000
500,000
....
.....
io
io
J. & J.
A. & O.
M.&N.
A.& O.
J. & J.
1,500,000
3,000, 00
....
3
7
20
10
8
4
12
8
10
12
10
8
12
10
10
8
10
10
8
6
12
10
8
12
.
1,235,000
504,000
4.000 000
23,000
60
......
July 1, ’73...4
JuR1((/73.3k
July 1/73.. .4
8
6
8
M.&N.
M.&N.
M.&N.
J & J.
J. & J.
500,000
600,000
58
......
July 1/73. .-4
July, l’73.S><
Jan.. ’73.3 y
Aug.. '73...5
10
7
20
10
8
F.& A.
J. & J.
J. & J.
J.&J.
J. & J.
F.& A.
J. & J.
J. & J.
J. & J.
J. & J.
504/ 00
1
.....
'73.3k
July, 73... 5
92
Julv 1/73...5
Nov. 1/73... 5
86
89
Vug., ’73...4
May 1/73. .5
Aiay i, 73..10 /207k
July 1/73...5
102
July 1/73.. 4
4
Sept.1 ,'73
duiy 1/73.. .7
July 1/73...4
Julv 10/73 ..5
July 1/73... 6
Aug. 10/73. .5 140
.Jan., ’73...4
July 1/73...6
July 1/73... 5
Julv 1/73 ..5
120
Nov. 1/73.. .4
100
Nov. 1/73... 5
135
Nov. 1/73.. .5
115
■July 1/73... 4 1(8 Julv 1/73.. ,3
4
M.&N.
J. & J.
J.&J.
300,000
000.000
1
•••••.
Ju>y 1/73...5
May, ’73.. 10
20
Par Amount.
—
.....
Nov. 1/73.. 15
It
Dividends.
Jan. 1,
102
10
J. & J.
M.&N.
F.& A.
M.&N.
"’200,000
200,000
101
July, ’68..15
July 1 *73.. 12
Jan., ’73...4
July 1/73...5
July 1/73...4
duly 1/73...6
7
10
16
6k
8
7
150
10
9
10
10
8
8
Q-J.
000,000
o
135
July 1/73...5
Jan., ’67...5
Nov. 1/73... 4
Jan., ’72... 4
24
20
10
8
12
36
10
20
8
8
7
10
20
8
10
Q—J.
*600,000
8
8
24
20
10
8
12
36
10
20
9
6
8
10
16
J. & J.
J. & J.
J. & J.
350;00.»
260,000
10
8
8
•
.
^
East River
10
25
25
200,000
Q-J.
25
800,0(10 fJ & J
100 3,000,000
J. & J.
25
450,000 J. & J.
100
300,000 ev.2 mos
25
400,000
J. & J.
100 1,000,000
M.&N.
100 10,000.000
J. & J.
100
750,000 J. & J.
100 2,000,000
J. & J.
100 1,000 000
F.&A.
100
100,000
Q-J.
..
Dry Goods*
J.&J.
J. & J.
M.&N.
100
Exchange.
3,000,000
500,000
5.000,000
Jersey City
Water loan
do
3 years.
do
1852-67.
1869-71
100
Bergen bonds
1868-69.
Assessment bonds... 1870-71.
7
6
7
7
7
7
January & July,
do
do
do
do
do
do
do
do
do
•
do
do
do
do
do
do*
do
-
January & July.
do
do
do
do
do
do
Jan., May, July & Nov.
1872-91
1885-91
1881-95
1872-95
1911
1915-24
1881-1902
various
various
1877-95
1899-1902
1872-79
1874-1900
1875-91
•
•
•
•
•
•
•
86
96
96
96
96
•
1373.1
November 22,
.
THE
CHRONICLE
691
*
Jersey City Finances.—The Jersey City Board of Finance has
negotiate the bonds provided for the pur¬
pose of covering the city’s expenses from the 1st of July until the
AND
1st of December, to which date the commencement of the fiscal
year has been changed, and the employes are still unpaid, some
STATE, CITY AND
of them having received nothing since August.
There are moneys
in the Treasury accruing from the taxes which are now coming
Bank
''^ BXPLANATION OF stock and
in rapidly, but Mayor O’Neil has hitherto declined to sign war¬
1. Prices of the most Active Stocks and Bonds are given In
Full quotations of all other securities will be
rants drawing upon this fund, claiming that it should only be
era’ Gazette,” previously
used for the next fiscal year, and that all salaries at present due
should be met as provided for by bonds.
This it is found impos¬
sible to do.
numerous other details, are given
Jersey City bonds were never sold at so low a
rate as during the
T?Sv Boiidsband Bank, Insurance, City Railroad and of Finance. Mr. Summer, and at the last meeting of the Board
Lockwood, Chairman of the Committee on
Cas Stocksovlth’ quotations, will usually be published the first three
' th
Gas
the page immediately preceding this.
Weeksofeachmonth onUmbPieg of state^enritles, City Securl- Finance, said : “ It has been found impossible on account of the
4. Tne comp
and Miscellaneous Stocks and Bonds financial stringency to sell the bonds of the city.”
At the request
wi?llb’ea“ffnlSyipublished on the fourteen pages, each month. issuepubli- of the Board, City Attorney Lewis has given an opinion that the
last Saturday in requires the The of a
will be re uia y p
occupying
current expenses named should be paid out of the incoming taxes.
•mriemLt tvhich is neatly stltcffcd in with the usual edition and
Milwaukee City Bonds.—The City Council has authorized
to flllreffular subscribers of The Chronicle.
jhtuestments
thus far beeu unable to
CORPORATION FINANCES
bond tables.
the “*«
'
on
furnished
"
“
—
RAILROAD BONDS.
interest, published last
week in the Chronicle, will hereafter be brought forward with
corrections and additions, aud further detailed information con¬
cerning the financial affairs of such roads, or of others which
may hereafter default, will also be furnished from week to week,
in order to make a complete record upon this important subject.
The leading bondholders of the Chesapeake & Ohio Railroad
have proposed to the directors that, instead of an actual surren¬
der of the coupons the same be placed in escrow, so that in case
of foreclosure under either mortgage the coupons would be en
titled to tlieir liens on the property, and this will probably be
accepted.
.
The St. Louis & Southeastern Company expect to pay their
November interest about the 15th of January, and public notice
will soon be given to that effect.
The Burlington, Cedar Rapids & Minnesota road makes certain
propositions to its bondholders which will be made known on
application.
Burlington amd Southwestern—Mr. E. B. Ward, Presi¬
dent of the Burlington and Southwestern, issued a circular in
October, directed to the creditors of the road, in which be stated
that he leased .the road for the purpose of securing a debt due
him by the company.
When he leased the road parties agreed to
loan him $750,000 to finish the gap from Uniotiville west.
On
the strength of this promise he purchased $150,000 worth of iron.
The table
of
Railroads in default for
$100,000 city bonds to be issued—
‘‘ForAhe purpose of paying any and all judgments against the city of Mil¬
waukee, recovered in the United States Circuit Court for the Eastern District
of Wisconsin, on the coupons of the bom’s of said city, issued to aid in the
construction of the Milwaukee & Beloit and Milwaukee & Superior Railroads,
aud all coupons to said bonds now past due and not merged in said judgments
or to become due on or before the first day of January, 1874.
Said bonds
shall be signed by the Mayor and Clerk of said city, sealed with the corporate
seal of said city, countersigned by the Comptroller of said city, and attested
by the Commissioners of Public Debt of said city, and shall be made payable
at the agency of the city of Milwaukee in the city of New York; and such
bonds shall each be for the principal sum of $1,000 and payable on the 1st day
of January in the year 1902, with interest at the rate of 7 per cent per annum,
and shall have coupons or interest-warrants
annual payment of such interest.”
attached thereto for the semi¬
Town Bonds in Illinois.—The town of Forrester,
county, voted $75,000 to the Chicago & Iowa Railroad, in
Ogle
times
railroads. The
when the fever was high for municipal aid to
bonds were not issued and a decree of the Court wa9
May 23, 1873, to issue seventy-five
made
on
bonds of $1,000 each, and on
the 11th of October last an order was
the Supervisor of the town to show
issued citing the Clerk and
why the bonds were
show cause why a
writ of attachment for contempt should not be issued.
On the
7th iust., the Court committed Franklin M. Tice and John A.
Smith, the officers before named, to the County Jail till they sign
the bonds, and they ate now in confinement awai.ingthe result of
not
a
issued, followed
on
cause
Oct. 23, by an order to
consultation with legal and
other counsel.
Clark County. Mo.—The county tax debt, so long hanging
over Clark County, has at last been funded by the Board of Sup¬
ervisors, and is to be paid one-fourth in five, and same in ten,
fifteen and twenty years’ bonds of the county, to issue and draw
to raise the money.
rolling stock of the road interest at the rite of 7 per cent Der annum. The debt amounts
by the parties from whom it to $88,000.
was purchased.
Macoupin County Bonds.—At an election held in Macoupin
The mechanics who built the road have liens, so
that to throw the company into bankruptcy would be folly, as it County the question of funding the entire court house debt, princi¬
could not pay ten cents on the dollar. He says “ I am steadfast pal and interest, from tlie first of April, 1874, at fifty cents on the
in the belief that we shall all eventually get our pay, dollar for dollar, was submitted to the electors, and 3,527 voted in favor of
dollar. I expect that early in the coming spring business will the proposition and 727 against.
Pacific Mail Steamship Company.—News was lately received
revive, and confidence be so fully restored that the subscribers of
the loan will be able to furnish the money, the road will be fin¬ that an accident of a serious nature had occurred to the new
ished, the bonis increased in value, and we shall see our way screw steamer Colima, rendenng it necessary for her to put into
Rio Janeiro for repairs.
clear to an ultimate payment of our long deferred claims/'
The following is the statement of receipts and expenses just
Detroit & Milwaukee.—To the list of recent d faults of
made to the directors :
interest we are obliged now to add the Detroit and Milwaukee
statement of receipts and expenses of pacific mail
first mortgage, on the 15th of November.
A circular from the
STEAMSHIP COMPANY.
Company announces the default; and gives in explanation last
May 1, 1873. to October 1, 1873.
Winter’s poor business, the rapid deterioration of re-rolled rails,
Receipts.
The financial Danic has made it impossible
Mr. Ward tells the creditors that the
has not been paid for, and is owned
a lake steamer, the falling off in traffic during the past
months, in consequence of the panic, and finally the fact that
the Great Western Railway of Canada, which owns a controlling
interest ia the stock, would not advance money to pay the ma¬
turing coupons. The bonds are mostly held in Europe, and the
default will be unexpected there, as the security was considered
the loss of
two
sound.
despatch from Raleigh, Nov.
of the State, under authority of
the Legislature, appropriated to the general purposes of the
government the sum of $241,978 07 that had been collected to
pay the interest on the bonds known as special tax bonds.
To
day four bills in equity were filed in the United States Circuit
North Carolina Finances.—A
13,
says :
“ In 1871 the Treasurer
For passengers
Total
Pacific Coast line
Mexican Coast line..
China subsidy (proportion five months)
Expenses warehouses in San Francisco
Dividends
Gold premiums and interest
Sundries
the
the
1,191,347 78
■•
$2,223,718 81
256,529 65
231,111 63
208,333 33
3,617 03
4,170 00
43,910 35
41,908 92
Total receipts—
$3,012,299 72
Expenses.
Four steamers, New York to Aspinwall
•
288,141 02
Five steamers, San Francisco to Panama
422,610 34
Eight steamers, San Francisco to Hong Kong, viff.Yokohama
928,651 60
Six steamers, Yokohama to Shanghai and way ports
300,374 90
Eight steamers, Panama to Central America.
386,488 70
Six steamers, San Francisco to California coast ports
226,178 59
Total..............
..••.$2,552,445 15
Expenses on steamers Idaho, Dakota, Ormsby, Acapulco, Ne¬
25,308 56
Eastern District of North Carolina, praying that
public Treasurer be enjoined from paying any money out of
Treasury until he lias first replaced the above sum to the
credit of the fund for which the same was collected for the pur¬
pose of providing for the payment of the interest on the bonds
braska, Colima, Moses Taylor ....
held by the plaintiff and all other holders who may become
Expenses at freight office. New York
parties to raise suits. A preliminary injunction was granted by Expenses at Wall Street office
Expenses
York agency.
Judge Bond, and the 2Gth instant set for the hearing of the Expenses at New 42
at pier
motion for a special injunction.
While there is a growing dis¬ Expenses at Aspinwall
position on the part of the people and the press to recognize the Expenses at Panama
old debt of the State, the people are fixed in their determina¬ Expenses at Acapulco..
tion to resist by all lawful means the payment of these special Expenses at San Francisco
Expenses at Townsend Street wharf.
tax bonds.
When these are disposed of steps wiil undoubtedly Kxpenses at Benicia
.
be taken to compromise the old debt upon a basis acceptable to Expenses al Yokohama
Expenses at Hong Kong
the State and the bondholders.” r
Expenses at Shanghai—
Raleigh, Nov. 20.—Gov. Caldwell’s message to the North Car¬ Expenses at Nagasaki
olina Legislature to-day was largely devoted to State finance. He Expenses at Hiogo .
Hakodadi
opposed repudiation, and advised a compromise according to the Expenses at San Diego
Expenses at
ability of the State. Several bills were introduced in both Houses Expenses of lighters (Hiago)
for the settlement of the debt, all of which strongly opposed the
Taxes for 1872 and 1873
payment of special tax bonds, but favored a compromise of the
Tottt]
old debt. A resolution was passed requesting the Governor to
Balance/showing earnings five mouths
exhaust every means to defeat the injunction suit b*ought against
Grand total
the public treasury by Alfred Self and other bondholders.
Court for the
$1,032,371 03
.•-
Freight
3,686 50
21.342 75
11,171 75
17,713 45
17,2*0 (16
40,666 28
3,696 97
36,114 69
45,687 46
391 2.5
17,354
11,144
8,8%
4.995
4,467
58
06
75
11
29
1 851 50
487 06
1.800 53
124,124 04
$2,950,555 79
61,743 93
$3,012,299 72
692
THE
Baltimore & Ohio Railroad.—The annual meeting
CHRONICLE.
and leaving of the whole amount of the
mortgage made for the
construction of that road, but
$140,000, which w
1885.
nd
Tne following reductions by the action of the
sinking fu B ftn(j
by payments have been made of the original
mortgage indebt¬
edness of the Baltimore and Ohio
Company, viz.:
For loan which matured in 1854
$1,000,000 00
For loans which matured in 1856 to I860
inclusive....
566,666 67
For loan Which matured in 1867.
In advance on account of loan which will mature in 1,000,000 00
18<5
265,250 00
In advance on account of loan which will mature
in
1880
*
120,500 00
In advance on account of loan which will mature in
1885
789,500 00
In advance on account of loan which will mature in
of the
stockholders of the Baltimore and Ohio Railroad Company was
held this week.
Resolutions ratifying the lease or arrangement
with the Washington City and Point Lookout Railroad Com¬
pany,
and the lease of that portion of the Washington City, Vir
ginia Midland & Great Southern Railroad Company lying between
Strasburg and Harrisonburg, Va.,
were unanimously adopted and
gentlemen unanimously elected by a vote of 39,226
shares, viz.:°John Hopkins, Samuel W. Smith, Francis Burns,
John Spear Nicholas, John Greag, C. Oliver O’Donnell, James
Harvey, Galloway Clieston, William W. Taylor, Samuel Kirby,
John King, Jr., and G. A. Von Lingen.
The annual report of the president and directors for the year
ending September 30, 1873, being the forty seventh annual re¬
port, Dresents a satisfactory showing.
The aggregate earnings, working expenses, and net results of
the Main Stem, including the Winchester and Potomac, the
Washington Countv and the Winchester and Strasburg branches ;
of
the Metropolitan
Branch, the Washington Branch and
the Parkersburg Branch railroads; of the Central Ohio and
Lake Erie Divisions, and the Wheeling, Pittsburg and
Baltimore,
and the Newark, Somerset and Straitsville railroads were, viz.:
the following
Earnings.
Main
stem, including the Winchester and
Potomac, the Washington County, and the
Winchester and Strasburg Branches, and the
Metropolitan Branch Road
$12,252,843
Washington Branch
430,141
Parkersburg Branch
948,411
Central Ohio Division
1,013,447
Wheeling, Pittsburg & Baltimore Railroad
Newark, Somerset & Straitsville Railroad
Total
1890
-
negotiated in London on satisfactory terms, and at
periods
railway companies of America generally found it im¬
practicable to effect loans in Europe.
Metropolitan Branch road, from Point of Rocks to Wash¬
ington, forty-two miles, was opened for traffic on 25th May last.
The expenditures on this costly line have
amounted to $3,583497 63 ; but, whilst the engineering is
very bold, and the* fine
masonry and bridges have been expensive, it affords an admirable
direct and effective line, which must
prove of constantly in-’
creasing value.
BALTIMORE, PITTSBURGH AND CHICAGO RAILROAD.
this line lias been vigorously prosecuted, and it
The work upon
is expected before the commencement of winter that
the
grading
from Centreton, on the Lake Erie
Division, through Ohio and In¬
diana to the line of the State of
Illinois, within thirty miles of
Chicago, will he finished. The work of ballasting and
laying the
track as far west as Deshler, has so far
progressed that it is anti¬
$10,137,052 64
'..$4,938,061
63
282.380 01
117.153 63
70,000 49
90,450 66
Wheeling, Pittsburg & Baltimore Railroad
Newark, Somerset & Straitsville Railroad
cipated that the line will be opened during November, 1873, to
Dayton and Michigan
large business from Toledo and the
important sections reached by that line is anticipated. The rela¬
tively limited capacity of the present routes from Chicago, and
the increasing pressure for
transportation of the immense pro¬
ducts of the northwest, cause the
completion of this line to be
710 18
that point, at which a connection with the
railroad will be made.
A
58,832 27
Total
$5,558,488 90
The net revenue of the main stem and
branches,
Central Ohio and Lake Erie divisions, the
METROPOLITAN BRANCH RAILROAD.
The
126,494 03
Centr.d Ohio Division
Lake Erie Division
22
when the
NET EARNINGS.
Washington Branch
Parkersburg Branch
87
$23,574,984
total of
were
975,447 13
686,555 46
46,554 61
Main Stem
a
£700,000, and in August last
£1,000,000,
being the remainder of the mortgage loan of 1902 for £2,000,000*
156,761 62
$15,095,541 54
20
In the autumn of 1872
831,257 64
^
1,538,853
5,280,769
Showing
$7,313,882 15
65
27
62
777,006 12
47,364 79
185,326 30
Eake Erie Division
.
Expenses.
78
INovembei 22,1873.
including the
Wheeling, Pittsburg &
Baltimore, and Newark, Somerset & Straitsville railroads, is thus
shown to be $0,558,488
90. The aggregate working- expenses
were 64 58-100
per centof the whole gross revenues.
During the
year 396,132 new cross ties, 8,537 tons of iron and 11,012 tons of
steel rails were used for the
repair and construction ot additional
looked for with great interest.
Boston &
Albany.—The proposals for the new loan of the
Albany Railroad were opened this week, and out of
$1,200,000 only $500,000 were taken, as the corporation decided
tracks on the main stem.
not to accept bids at less than
The increasing business of the
par.
This shows the indisposition
company continued to require of investors to
purchase even the best securities.
large additions to its equipment. During the year 90 first-class
Boston, Clinton & Fitchburg Railroad.—Earnings and
engines, 46 palace and passenger cars, and 2,256 cars for
general
tonnage were purchased and built at the
expenses for the year ending September 30 were:
company’s works. The
cost of the new and additional
equipment, $2,686,428 75, has been Receipts from passenger department
$266,033 18
freight
“
charged to rolling power. Semi-annual dividends of five per cent
407,301 66
rents
4,104 53
upon the capital stock were paid on the 1st of
November, 1872,
and on the 1st of May, 1873,
Total
respectively.
$677,439 37
Total expense of operating
The liabilities of the
479,944 35
company, compared with the statement of
September 30, 1872, show the following reduction, viz :
Total net income
By the
$197,195 02
Boston and
“
“
payment.of the remainder of the second
mortgage bonds of tlie
Northwestern Virginia Railroad
Paid Mansfield &
receipts
Company (now the Parkersburg
Branch Railroad
Company), which were guaranteed
Baltimore & Ohio Railroad
Company, and which matured
1, 1873, the original
sum
redeemable in 1902,
$8,243,100.
It will
be
account
shows
an
o
or
.W
ul
•
Surplus for the year
Surplus at the beginning of the
increase for the
Total
i
a,.1(^
viz.: 90 locomotives,
$21,662 23
surplus
;
$4,718,300 73
Carolina Central.—The
#
UIG
1U-U11
CtV III
M
1 U1
I
4,749.935 95
3,583,49 63
111I>
$118,035 90
Wilmington (N. C.) Star, Nov. 9,
says: “The stockholders of the Carolina Central Railway Com¬
pany held a special meeting yesterday. - The bondholders are
divided into two factions—the
majority, in amount of bonds
or
| stock represented, being headed by Messrs. Watson, Matthews,
Parkersburg
2,382,480 04
and
were
President C.
carried
in
II. Roberts. All the Matthews propositions
the meeting yesterday ; and our advices tell us
that they provide for the issuance of second
mortgage bonds to
the extent of $3,500,000 ; these bonds
to be used in raising funds
Virginia Railroad
1,000,000 00
anticipated and retired of the
$509,000 third
mortgage on that road due iu 1885.. .•
360,000 00
to
and
* 94,973 67
year
Railroad has been added to the lines
and the directors have purchased
a
controlling interest in the Warren and Bristol Railroad, and the
whole, substantially, of the Fall River, Warren and Providence
Railroad. [A full review of the annual
report, with comparative
statistics, will be published iu the Railway Monitor.\
-
~
$116,973 54
95,311 31
under control of this
company,
-
the construction of the
Metropolitan branch road
I’or the construction of
the great
bridges it the Ohio River, at
Ben wood and
Parkersburg, to connect the main stem with the
P
Central Ohio
road, and ttic
branch with the Mari¬
etta and Cincinnati
road respectively.
The Baltimore & Onio
Company has also relieved, by the use of
its
earnings, the Jirst mortgage on the Northwestern
K iilroad
Virginia
$1,500,000 09
and paid the second
mortgage on the Northwestern ’
'
80.521 48
Boston.
The Stoughton Branch
at
-
33,459 86—
previous year the total earnings were $576,412 62, and the
operating expenses $383,617 07. [A full review of the annual
report will be published in the lit
diway Monitor.]
Boston & Providence Railroad.—The
report of the Boston
and Providence Railroad for the
year ending September 30, 1873
shows gross earnings of
$1,822,108 18,. against $1,716,399 42 for
the previous year, an increase of
$105*708 76. The expen/litures
were $1,425,003 08, or
$173,950 49 larger than those of last year,
giving a net income of $397,105 10. Of this amount $395,000
has constituted a dividend of ten
per cent on its capital of
$3,950,000. During the year fourteen miles of steel rails have
been laid, which makes in all over
forty miles now in use upon
the road. Four new
passenger depots have been constructed in
addition do the prosecution of work
upon the. new station in
IJilH>!eng<:r cars, 42 miles of second, third arid
r ot
'.
The
seen
Jeur enth‘d September 30, 1873,
_
..$17,001 62
per cent of gross
,...
sterling loan,
line, have been...'.
gross
*
Paid interest and dividends
by this account that the surplus fund, which
represents capital derived from earnings invested in the
various
branch and
connecting roads, and the groat improvements that
have been
continuously constructed oil the main line, and which
is
^not represented by stock or bonds, now amounts to $29,034,403 71. 1 he expansion of the
traffic and revenues of the com¬
pany have been very rapid, and have
required annually heavy
expenditures of capital for the increase of permanent
structures,
plant, tracks and essential facilities for the additional
capacity
required.
During the four years ended September 30, 1872, the
expenditures for increase of
plant, viz.: 68 locomotives, 2,913 freight
and
passenger cars, 22 miles of second track, for hotels at Cum¬
berland, for the European steamship
piers, wharves, elevators,
and other structures at
Locust Point; for the
rolling mill and
machinery at Cumberland, and for real estate and requisite
structures at Mount
Clare, Baltimore, and at various stations
upon the
Framingham R.R. 25 per cent of
Framingham & Lowell R.R. 30
receipts
by the
£1,700,000@$4 84 gold, $8,228,000: total,
The profit and Joss
past year of $2,882,134 35.
."
Paid
January
having been $1,000,000—$453,500. The
following increase, viz : Preferred stock,
liabilities also show the
second series, six per
cent, currency, $15,100;
u
..
2,860,000 Oq
complete the road.
Chesapeake & Ohio—Lexington & Big Sandy.—The Lex¬
ington A Big Sandy railroad
was
under construction
as an
exten-
November 22,
of the
warm
discussion as to
“
pany was
Union Pacific.—Omajia, Neb., Nov. 14.—The Circuit Court
to-day, granted a mandamus in the case of the Union Pacific
Railroad against Lincoln County, to preyent the county issuing
Railroad. The
$500,000 by
road
competent engineer. Under this new company, with virtually
$3,100,000, the counties of Fayette, Clark and Montgomery were
invited to take stock to the amount of $950,000, while there were
private subscriptions of a good amount. With these figures
—viz., 108 miles of road to be built and $4,000,000 in hand to
bonds for
a
Railroad, Judge Smalley on Nov. 14 granted an injunction
restraining the defendants from interfering with the Central Ver¬
stock will be good paying stock.
used, and the inducement offered. The
the three counties. The. bonds were issued
Fayette County and Lexington, $500,000; Clark,
would seem the
who have now porsession of the Valley
points at issue were the validity of the
ten years’ lease of this road, made in 1865 to the Rutland Railroad
Company, and also the validity of a further extension of the lease
for-twenty years from 1871. He does not enjoin the prosecution
of the suit of George B. Grinnell and others against the Valley
mont Railroad Company,
road under a lease. The
This was the argument,
money was voted by
follows:
$8^2,000. conditions
Clark re¬
$200,000; Montgomery, $132,000. Total,)
served $50,000 and Montgomery $06,000 until certain
should be fulfilled.. These bonds were sold, and, says
Mr. Hun¬
Railroad.
yielded $729,388 64. With the proceeds thirty-three
of railroad was built, save that $.248,351 94 has been fur¬
tington,
miles
Western North Carolina Railroad.- -The Statesville (N. C.)
“The Western North Carolina Railroad has
eighty miles of road remain to
this for $40,000 a mile, or
$3,200,000. If it would do so, it could command these resources
—$2,600,000 subscribed by Phillips, $106,000 of Clark and Mont¬
gomery subscriptions, about $100,000 private subscriptions, or
$2,800,000. They need $3 200,000, and surely the difference,
$400,000, could easily be borrowed, and carried as^a floating debt.’
If this was done, the stock of this Big Sandy "road would be
nished by other parties. About
be made, and the company can build
American says:
purchased by the North Carolina Railroad, and hence the
completion
practicable
day. The contract for this was made by the North Carolina road,
of which Major W. A. Smith is president and receiver of the
Western, in New York, last week, by transferring to the North
Carolina road the bonds, judgments, &c., held by tlie Southern
Security Company, and R. Y. McAden, Esq. This plan was pro¬
posed by a former president of the Western North Carolina road,
several years ago, aud strongly recommended, without success.
been
roads will be consolidated, which will insure the
of the former west to the State line at the earliest
two
cents.”
Hannibal A St. Joseph.—This company advertise to pay off
$100,000 of the State G per cent of Missouri, issued to the road in
worth at least 75
1853-54, which mature on
twenty years.
The Vermont Valley Railroad.—In tlio case of George B.
Chase and Peter Butler, of Boston, against the Vermont Valley
some
as
John J. Stev¬
has been appointed, by Judge Blatchford, joint receiver of the
New York, Oswego & Midland Railroad Company, to act with
Mr. Abram S. Hewitt, previously appointed receiver.
reorganized ; $2,GOO,000 in stock was subscribed by Mr.
build it—it
Oswego Midland Railroad.—Mr.
New York &
in
one
ens
in'the interest of the Chesapeake & Ohio
bed and work done was estimated to be worth
Phillips
Rolling-mill Company and
favor of the Spuyten Duyvil
favor of E. Cuylus and others.
Chesapeake & Ohio to Louisville. There has been
the representations under which the county
subscriptions were made, but we^liave to do with the facts only
and the present status of the work. A correspondent of the Cin¬
cinnati Gazette gives the following :
When this'Big Sandy project was taken up, the old com¬
sion
693
THE (MAONlCLr,
1373J
The wisdom of the final success of the measure will be felt in the
certain completion of the Western road to its objective points,
and all its accruing benefits.”
the 1st of January next. The bonds
rebate of 7 per cent interest until
the company is at No. 78 Broadway. '
Western Maryland Railroad.—The last rail on the extension
Neiv York, Kingston & Syracuse Railroad.—The sheriff
of the Western Maryland Railroad from Hagerstown to Williams¬
Nov. 13, levied on the rolling stock and office furniture of the
laid. The formal opening between Baltimore and
New York, Kingston & Syracuse Railroad Company to satisfy port has been
Williamsport is expected to take place on tlie 25tli of November.
three judgments against them, amounting, to $115,000 tw
will be
due.
paid immediately on a
The office of
RAILROADS.
MONTHLY EARNINGS OF PRINCIPAL
(5G7 m.)
(601 rn.)
$351,312
$374,718
$ so,501
69,811
423.524
423.514
87,513
80,759
96,557
87
122
105
112
98
423,306
85.311
405.005
63 2! 533
417,252
554,20)
108,8.83
103,116
517,028
471,771
401,900
400.251
116,206
126 135
111 984
115 503
324,210
372,307
3 • 4,273
420.250
431,845
411.877
428,083
431,761
9/.8ff
..Jan—
..Feb..
..Jla I-....
77,367
82,632
96,696
..April..
..May...
88.657
..July...
6 4.581
60,725
71,212
73,83 4
275
800
1872.
1873.
(132 m.) (391 m.)
$17,515 $320,022
47,259
57,375
55,290
52.104
56.169
55,000
49,440
340 ,675
351 ,57(>
426 .283
1
432 ,139
406 ,922
1,758,002
1,817,369
326,268
401,251
417,327
439,581
Marietta & Cin.
1873.
(28 4 in.)
(284 rn.)
$152,578
$170,023
162,585
142,407
150,784
145,858
180,167
190,562
385,633
(715 in.)
$505,586
$475,897
481,022
558,533
542,008
690,017
1,511,958
1,754,821
576,790
565,728
763,431
207,911
786,333
616,024
811,961
950,915
2? ( 702,838
204,196
576.783
2,029,927
6,933,479
191,841
203.514
208,977
t. L. & S. East.
1872.
$36,840
37,514
41,467
39,211
33,875
1873.
667,819
St. L. & Iron Mt.
1872.
(358 m.)
$83,124
101,825
114,423
110,710
119,753
119,019
180,786
42,253
99,524
f
96.842
1.100,272
113,162
123,714
122,568
181,243
194,155
194,000
213,325
S US,058
98,717
72,309
765,855
•
•
•
•
•
1873.
( 212 m.)
(212m.)
$173,707 $116,161)
163,254
156,292
182,055
229,240
203,140
17.3,66a
230,300
137, *'25
43,461
w
..Jan....
..Feb...
..Mar....
203.731
205,698
195, ISO
178.867
201,190
205,500
178,000
,,,,,,
206/299
227,443
230,518
200,224
Year
..
1873.
220,618
229,924
231,836
219,051
199,958
233,551
251,313
235,159
296,502
286,-414
2)1,769
274,567
.Jan....
Feb....
.Mar.
.
Ap rll.
.May...
.
.
J
line..
.July...
.
.
.
A
11 g.
..
Sept
Oct
121 270
3*!
1872.
-
1,774
349,382
341,968 343,785
442,822 392,515
3,651,645
1872.
265,628
260,127
829,000
r 403,781
2; 339,000
306.248
218,423
227,225
184,037
148,691
149,093
202,605
215,426
(393 m.)
$272,472
239,7:33
1872.
1873.
327,404
263,21)0
232,286
301,083
307,520
290,470
255,424
301,998
269,559
286,738
301,521
272,600
265.906
356,194
371,314
267,734
825,093
382,098
353,168
344,335
1
860,056
2,952,004
...
»
34
295,160 320.991
316,199
317,910
384,193
3,575,060
3,526,695
1,896,869
,
4,638
838,725
.3:38,708
290,710
276,290
280,523
t-
•
1873.
(393 m.) (471 vi.) (471 vi.)
$283,605 $246,S30 $227,897
291,6-30 237,778 261,346
408,254
319,024
283,836
•
1,742,516
Pacific of Mo.
Ohio & Miss.
1873.
255,471
215,360
178,154
180,127
151,445
158,526
200,757
250,856
224,393
1,451,762
1,582,531
1,776,420
17,591,629
(517 m.)
$320,669 $312,848
256,719
263,585
250,934
249,342
302,881
1,225,708
1,680,969
1,585,368
1,483,480
Mobile & Ohio.
$207,874
1,323,476
223,241
152.632
1872.
(517 m.)
1873.
(1,136 m.)
$1,412,368
1,540,285
1,7:45,736
1,694,543
1,459,o60
1,635/ 91
1,764,788
1,558,424
156,973
168,453
137,634
(642 rn.)
312,614
323,231
328.188
310,345
124.203
1873.
95,853
117,542
Oct
.Nov
..Dec....
..
..
211,057
260,194
230,109
227,640
216,354
207,854
(433 m.)
$81/299
91,138
..Sept....
.
(530 m.) (530 77i.)
$228,830 $183,275
100,860
117,408
1,364,006
180,480
171,945
..
315.363
8,026,750
150,673
Aug.
136,178
.
143,455
St. Louis, K-C&N.
1372.
100 SOS
...
..
Lake Shore & M S.
1873.
$101,075 ; $100,327 $189,606 $150,567 $1,339,389
191,738 194,766 1,291,710
99,441 90 441
109,830 112,569 300,783 300,719 1,498,408
114,842 124,045 322.875 352,298 1,528,250
125,286 133.758 341,841 332,763 1,479,945
693,063
..July...
1,012,704
1,451,827
(212 m.) (212 m.) (672 m.) (672 m.) (1,074 in.)
.
..Juno..
..
1,240,987
1,303,304
.
•>
1872.
1873.
1872.
102,431
126,124
696,475
..April..
..May...
831,320
767,800
1,193,209
.
Ind. Bl. AWest’n. —Kans. Pac’c.
1873.
1872.
G,957,771
505.803
580.908
•
12,272,060
Mo-, Kan. & Texas.
3 1 513,7S7
181,868
173,469
•
1,284,094
1,511,781
1,433,918
•
5,156,326
.
Nov...
1873.
£ 805,799
55929,210
482,205
859,779
.
Mil. & St. Paul.
580,432
594,769
488,319
900.376
1,074,779
1,070,4.r 9
1,029,957
1,196,700
352,60 4
..
(1,018 771.) (1,310 771.)
$460,985 $334,715
423,716
387,565
555.005
426,223
412.218
426,316
(1,459 in
$752,4 U
765,249
9»>7,258
1,034,022
1,256,072
1,292.143
1.067,386
.
..
..
402,477
431.315
..
1,882,421
679,333
603,055
581.163
185.953
559,882
497,261
540,756
.
1,717.593
1,685,381
1,771,570
1,918,217
675,840
607,678
593,641
505,314
162.521
oo
.
1.515,382
1872.
1,258.500
1,392,125
1,423,875
.
..
..Year.
1873.
(78S 771.)
1872.
424,614
379,879
409,254
419,197
488,352
(1109 in.) (1109 m.)
Ja 11...
$637,429 $580,499
..Feb..
531,627
562,949
..March
575,393
651,952
541,035
559,871
..April.
687.630
648.955
May
724.983
J II HO:
659,362
609.846
672,917
July..
A11 •>-...
748,634
783,255
741.782
876,413
..Sept...
763,673
..Oct...
881,692
(971 rn.)
..Doc...
Michigan Cent.
373 217
974,460
1,132,920
1 356,378
1.313,790
1,211,765
1872.
1,392,615
...
$352,538
Illinois Ceni’l.
1873.
f 569,236
144,550
.Year..
.
1,527.993
1,707,980
1,007.192
518,911
$371,708
332,902
694.015
12,990,121
..
1,101,209
1,653,292
852,860
1873.
1872.
(1,314 in.)
$774,856
714,122
816,394
1,299,990
1,097,125
..
474,188
158.718
154.587
..
18,839,669
••
4,462,025
1872.
..Oct..
Nov
Dec
1,701,374
389,829
358,743
......
604.830
465 ,517
4:2 ,928
391 .435
311.101
72,273
79,098
49,516
50,139
$358,612
408 ,819
372,971
381,112
373,619
65,6)8
46,997
..Sept....
139,998
$1,333,310 $1,316,831
1,294,056
1,329,422
310.791
49,107
49,773
39,132
60,481
59,501
64,416
43,952
(64*9 in.)
1,271 623
1.254,688
1,235,567
Erie
1872.
(956 m.)
187:3.
(391 m.)
(600 m.)
875,762
949,598
1,330,922
1,138,272
*1.272,510
Alii*-
..
995,959
Clev. Col.Cin. ■& I,
«fcVii
(1,222 m.)
1873.
571,836
..June..
144,901
113,83 4
120,903
98,592
84,022
597,224
1872.
..
108,100
93,120
91,915
1872.
$11,558
318
352
101,633
5,257,983
(132 m.)
$01,303
73,346
85,50-1
04,470
69,510
619
1873.
(1,050 in.)
$592,223
(201 in.)
$05,319
116 231
334,210
1872.
(261 in.)
(328 ni.)
$86 ,851
(328 m.)
Chie.A N. wester
Chicago* Alton.
-Central Paciflc-
1873.
1.672.
187 3.
1872.
1873.
137-2.
Bur.,C. R. & Minn.
Pac'flc.
Atlantic & G. W.
326,667
260,404
St.L. A. &T.H. Tol ,P.A Wars’w. Toledo.Wab. &W.
UnionPacifie.
1872.
1873.
1872.
1873.
1872.
1873.
1872.
1873.
(628 m.) (10.38 m.) (1,038m.)
(628 rn.)
(337 Vi.) (2 48 7/1.) (248 771.)
(337 m.)
$370,290 $273,936 $374,925
$79,591
$139,780
$ 166,078 $141,209 $108,188
491,783
534,115
405,110
431,918
169,454 100,139
140,552
708 259
471,301
565,861
460,646
105,4 *>6
177,515
165,302
881,206
446.527
741,802
447,313
154,641
170,218 102,191
890.4 42 1.007,831
470,598
510,792
117,904
170,218
147,540
969.863
541,192
835,459
111 601
462,868
94.522
149,832
165,260
876,833
432,056
483,599
743,883
108,038
90.070
130,115
151,532
837 278
64 2,209
789,568
614,175
127.852
18 K 863
130,292
167, 496
593,504
863,755 1,068,937
128,161
565,811
114,488
178,302
177,085
538.251
980,706
021,351
115,140
112,593
201,6 48
167,828
915 727
489,3-41
103,110
178,169
757,850
532,894
90,856
102,613
.,
*
%
•
....
267,685
241,935
.Nor....
Dec....
2,856,920
Year.,,
.
i
1,888,922
^
•
•
t
•
^ T ^
If
1,270,218
•
t
• Mil
•
.
•
«
• •
6,008,9"7
8
802,600
«
•
•
• • • •
694
THE
CHRONICLE.
The
EPITOME.
Night, Nov. 21, 1873.
activity in trade, noticed in our last, has been fairly main¬
tained during the past week, though the exciting causes of an
increased business, which existed then, are now wanting.
Some
of the leading staples of domestic produce have so far advanced
as to check speculation and reduce
exports, but with supplies
kept back by a variety of influences prices have been pretty well
supported by the reduced offerings on sale. The severe frosts
■which have prevailed have partially suspended inland navigation,
and threaten to bring it to a premature close.
This has had an
unsatisfory effect in many ways. The advance in gold to-d|iy
produced little or no effect, except, possibly, upon cotton, and in¬
dications are not wanting of the return of that doubt and spirit¬
less condition of the markets, so conspicuous in business crcles
for nearly two months past.
Freights have been dull, and rates drooping, but any material
decline lias been prevented by the scarcity of room on the
berth.
To-day the business embraced flour to Liverpool
by sail at 4s. 3d., grain to Cork for orders at 8s. 10|d.@
9s. 3d.; refined petroleum to the continent at 7s. 6d.; cotton to
Liverpool by steam £d.@ll-18d., and the nominal rates for grain
were 13|d.(3l4d. by steam, and 124@13d.
by sail.
Refined petroleum has sold during the past week at 12£c., but
The
trifle, and now held at 134c., with 13c. as the
Crude, in bulk, remains steady, selling moderately at
best bid.
a
»
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oj
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32-*>’-■
fairly active and a trifle firmer at
Spirits turpentine has sold during the week to
$2 70@$2 75.
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42c., but closed dull at 404c. Tallow was firmer,
with a fairly active demand for prime country at 7£@7£c.;
prime
city held at 7fc. Whisky was in moderate demand to-day at 94
@944c. Hops have been less active, but prices firmly maintained
at 40@48c. for new State, and Bavarian at the same
figures.
Wool was less active, x and xx Ohio fleece quoted at 474@50c.
Ingot copper has further advanced to 23@23£c., cash, forsake.
Clover seed in better export demand at 8£c. for new.
New layer
raisins
in moderate demand and firmer at
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gss'
prunes
declined to 88c.
Kentucky tobacco has been very quiet, but prices 'have ruled
quite firm, lugs being quoted at 6£@74c., and leaf 8@13c. The
sales for the week have been only 250 hhds, ot which 175 were
for export and 75 for home
consumption. Seed leaf tobacco has,
on the contrary, shown an increased
movement, at firm prices.
Sales embrace : Crop of 1870, 100 cases Connecticut on private
terms ; crop of 1871, 100 cases sundries at
7(a;50c.; crop of 1872, 42
cases New York and 58 do.
Pennsylvania on private terms ; 350
cases Connecticut and Massachusetts at
44'SGc. for fillers. 10@lGc.
for seconds, and 12^15e. for
remaining lots; 400 cases Ohio at
6@6fc., and 200 cases Wisconsin, part at G^c. Spanish tobacco
also
more
currency,
active, with sales of 500 bales Havana at 70;S)85c.
at 15@20c. gold, in bond for
duty paid, and 200 do. do.
export.
The market
for
groceries lias been unsettled.
It is stated in
dispatches from Washington that the import duties will be
imposed
re¬
and coffee, and tlie state of Federal finances ren¬
ders this quite probable.
Stocks of these two staples are conse¬
quently held with much firmness, and prices are for the moment
somewhat unsettled.
The stock of Rangoon rice has become re¬
duced.
There has been a movement
yesterday and to-day to the
extent of 1,000 bags at
2f@3c. gold on board, while domestic rice
has ruled firmer, closing at 6| a)7fc.
Sugars advanced to 7^c for
fair fine refining Cuba early in*the
week, with a large business,
stimulated by the danger of hostilities with
Spain, and although
yesterday developed more weakness, the close to day was firm.
on tea
Provisions have
ruled
firmer
.
:
Butter has been dull and rather irregular,
with some weakness in
prices. Cheese has been steady, with a
fair demand for export,
closing firmer at 13f^l4c. for choice
factories.
M3 —■ ^
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.
CCC° p.© JS w'O
X2
-
7£c. for long and short clear together, for the same months.
Dry salted shoulders for December and January were held to day
at 5^c., without business.
Beef has been in fair demand and
steady for
cr.
oc
_
for
hog products. New mess
pork, while selling in a small way at $14 25, has brought higher
figures for future delivery, $14 50 being paid for February, and
$14 75 for March ; other kinds of pork have been nominal in
price. Lard has been in fair demand, and has sold at higher
prices—7fc. for prime Western steam on the spot, 7|c. for
December, 8£c. for January, 8£c. for Febrbary, and 8|c. for
March. Bacon has been dull on the
spot at 7-£@7fc. for long
clear, but a moderate business for future delivery at 7c. for long
clear for December, 7gc. for short clear December and
January,
and
v3
© eo
© ©
new currants,
sold at 104c., to arrive, and 11c., spot.
more active at full prices, with sales of
dry
Buenos Ayres at 25£c., and Central American at
20^21c., both
gold. Leather also in better demand and firm. Linseed oil has
new
about
eo hj<
• oc^r
Hides have been
was
rH
.1-00
rl
ppo
O
•
•
extent at
eome
;
©
VO (C»‘
M3 00
ei
co
(NCIH'CO
Strained rosin has been
5c.
5fc
following table,compiledfrom Custom House
returns,slums
of leading articles from the port of New York
since
January 1,1873, to all the principal foreign countries, and also
the
totals for the last week, and since
January 1. The last two lines
show total
including the value of all other articles besides
those mentioned in the table.
the exports
Friday
has recovered
22,1878.
Exports of Leading Articles from New
York.
Commercial Cimes.
COMMERCIAL
| November
*2
o
Ph
new.
•
-*->
.
.
.
>»
©
O C) £3
Pr1 *3 n
.
•**'—■
j-l
«->
P
6 o-S
dg *. at
;
•
1-1
O
w,
sS
•
•
Si
(3
vj
o
©
C
®
?
‘Sl^K32§8!3-|I&S.,38SSieS1S'5:8 8SSS«o
o
O c3^
-X3o
eo
November
following tattle, compiled from Custom House returns
the foreign imports of leading
at this port since
i»73 and for the same period of lo7Jand. lo71.
The
.nows
t
«
^an*
1
IiJtJ
*.»«*»i«
Sblna, Glass and
Earthenware—
17,535
China
46.897
Earthenware...
457,7(8
Glass
Glassware
Glass plate
Buttons
87,620
1U.53?
5,040
149 856
27.379
1053119
Coal, tons
Cocoa.bags
Coffee, bags
Drugs, &c.—
Bark, Peruvian.
f
36,473
29,196
22.134
7,238
1,35'J
11,811
Blea powders..
Brimstone, ton
Cochineal
Cream Tartar..
Gambler
Gam, Arabic...
Indigo
Madder—.....
5,458
2.019
40,626
5,012
6,236
5,276
41.070
1,525
75,675
1,056
80,603
63,171
50,255
6,955
6.160
Soda sal....
...
5.195
cloth..
117.525
Hemp, bales
Hides, &c.—
1,65)
Bristles
Hides, dressed.. 10,576
43.780
ndla rubber
2,244
vory
Jewelry. &c.—
3,431
Jewelry
988
Watches
574.380
Linseed
105,094
Molasses
Lead, pigs
Spelter, lbs....
Steel
43.189
11,090
1,693
1700 62
73,958
3.651
1,201
621,133
113,371
] 07,000
81.723
121,638
1363,295 1,602.088 1,407,670
380,897 356*249 294,075
Corks....
Fancygoods
Fish
239.283
97.550
125.313
376.381
Pepper
Saltpetre
521,587
383.201
92,COS
451,278
79,277
211,507
215,095
393,724
84,120
881,855
120,969 ]
Cassia
Ginger
312,573
.T-.579
434,046
229 U60
4,622 Woods1.359
Cork.....
831.313
143,996
Fustic
Logwood
Mahogany....
.Produce
i
263 659
53,393
3i9,oo6
92,026
126,103
tlie Week and
for
since
January 1.
Since
Since
Same
Jan.l. time ’72
This
week.
Same
time ’72.
Jan. 1.
”
215
Pitch
Oil cake,
141
6,368
6,226
Breadstuff*—
88,109 3.035,43? 2,599,892
Flour..bbls.
Wheat..bus. 1,156,072 29.552.443 13,116,676,
53*,4i 8 23 513 sS5 37,762,156
Corn
176.632 10,282.371 11.45U,! 24|
Oats
331.863:
15,145
9:33,010
Barley, &c.. 290,661 2,139,491 3,784.265
571
78.955
102,3)6
Grasa’sd.bgs
34,9)4
118,610
2,0.37
Beans, bhls.
153.123
9,376
137,16:
Pea8,bush..
18 4.633
196.767
3,206
C. meal.bbls
21,18 4
821, U3j
623,017
Cotton..bales.
14 s
5,793
5,252
Hemp ..bales.
No.
5,474
528,453
607,269;
68 4
14,975
17,507,
Hops.. .bales.
44,597 2,469,680 2,922,638;
Leather, sides
171
Molasses, hds,
1.269
24,334
33,117
Do., - bbls
Naval Stores221
9,325
9.086
Cr.turp bbls
66,909
67.323
Spirits turp.
1,405
539,57d|
502,531
Rosin
7,637
916
35,660
28,303:
Tar
Ashes... pkgs.
Oil,lard
2,109
5/284
2li
pkgs....
Peanuts, bags
170.194
1,791
133,340
1,687
88,953
73,757
5 312
Provisions—
Butter, pkgs....
Cheese
Cutmeats
Eggs
Pork
Beef, pkgs
Lard, Dkgs
Lard, kegs
Rice, pkgs
799 323
24,235
585,933
32,777 1,795.9*8 1,523.919
457.577
5,319
273,443
11.213
422,209
410,648
126.123
8,' 6.3
114,429
2.872
30,102
32,856
2.87U
844.264
3(15.099
•
23 601
10,571
285,880
18,335
8.72,1
335
24.899
11.7 '3
294.096
•
244
22,594
1.1’.8
....
1,975
1,73
685
Tobacco, hhds
3,262
Whiskey, bbls....
Wool, bales
Dressed hogs. No.
8U3
....
758
681
Sugar, bbls
Suear, hhds
Tallow, pkgs
Tobacco, pkgs....
....
•
•
Starch
Stearine
....
e
7,093
1,808
m
-
-
.
5,443
2,624
„
„
.
#
1,124
32,540
57,639
78,632
13,673
® .
830
2,268
29,835
4.984
„
26,520
29,600
7,116
118,038
«.
....
1,124
•
•
•
•
•
93,546
21,659
33,573
84,172
29,402
59,008
2,304
8,136
.
f + + •
0
stock.
....
1,841
6,492
107,630
9,US
65
1,824
11,035
|
216,604
39.6S3
21,715
278,002
330,889
352,692
! 883,381
236,771
-1
66,075
379,336
380,745
349,215
8,323
....
500
22,344
6,2S6
113,146
79,575
11,819
27,119
40,637
4,484
19,437
236,237
31,430
122,294
213,477
87,103
14,303
3,485
18,561
115,516
2,645
Total.
Coast¬
wise
Ports.
°!
23,000
....
The continued improvement in financial affairs has further
itself felt in the cotton market this week.
Business has
made
been
moderate, but the offerings have been likewise moderate,
an improvement
of |c. for the week, or of 2c.
during the past two weeks. This is a very natural reaction from
tha extreme depression during the panic. On Monday quotations
were reduced |c_, and there was some weakness visible, probably
clue to the very largo receipts of that day, reaching nearly
35,000 hales. Tuesday and Wednesday there was a fair business
doing, hut no change in the quotations. Thursday, with the Bank
of England rate reduced to 8 per cent, and exchange at the same
time well supported, there was a decided improvement in the
tone of the market, with a brisk export demand, quotations being
revised with good ordinary uplands advanced }c., strict good
ordinary 3-16c., low middling £c., and Orleans and Texas
advanced an additional ^c.
To-day, with a very considerable rise
in the gold premium, there wras a further improvement of £c.,
with little doing, but
tlie small
business was mainly
was
owing to
tlie fact that most
of
the
stock
withdrawn from sale.
For future delivery tlie business has
fallen off materially, and there has been a marked absence of the
excitement which prevailed during the previous fortnight.
The
week’s business does not aggregate more than about two-thirds
as large as last week, and the variations in prices until to-day
have not been important.
A notable demand during Tuesday,
Wednesday, and Thursday, "was for January contracts, the busi¬
ness for that month being about equal to all tlie others.
To-day
the market opened at a brisk advance, hut business came almost
to a standstill at an early hour, and after change some weakness
for December was developed, the whole market closing inactive
and unsettled.
The
total
sales of this description for
tlie
week are 114,000 bales, including 500
free on board.
For immediate delivery the total sales foot up this week
10,307 bales, including 4,379 for export, 5,297 for consumption,
181 for speculation, and 450 in transit.
Of the above 913 bales
were to arrive.
The following are the closing quotations :
very
1906,529 1,814,646 1.674.131
2,052 Spices, &c.—
3,839
....
Other
i
Britain. France. For’gn.
1872.
|
170.607
53 380
.
Total last year
147,651
45.528
New Orleans
4,139
163,314
18s,913
94,958
143.872
ed by value—
Cigars
17,840.
88,754
5,719
18,091
45.004
1673.
722,720
953,791
667.918
717,971
F50.251
1195.012 1,330.209 1,111,813
891.917
989.315
775,048
1C,530, Nuts
745.6 41
1328,507 1.384,506
6,474| Raisins
10252,609 11281159
Hides undressed 10530,191
•Klee
796,773 687,777
707,555
16,193
7.436
157,404
Great
Total this year
409,400
152,460
8BPT.1.
866.420
44.617
413,674
KXPOBTKD 8IN 0* 8KPT 1 TO—
BKCBIPTS
SINOB
110,4:56
189,525
45,169
24,8.9
2,804
9,870
107,7 >7
42.275 Fruits &c.—
Lemons
11,13.1
6.151
Oranges
6,221
than they were at this time a year ago. The
usual table showing the movement of cotton at
all the ports from Sept. 1 to Nov. 14, the latest mail dates.
more
our
Mobile
Charleston....
Savanuah
Texas
New York
Florida
No. Carolina
Virginia
Other ports ..
975,591 1,154,703
809,043 1,044.630
68,7.6
59,064
4,246
4,872
522,435
Tobacco
38,110
1.733
104,244
53,536
b3,i27
Domestic
This
week.
Iron, KR bars.
532
773
Same
time
1871.
7,326
6,660
3.381
5,625
5,2h5
537.801 1.002,616 1,149,902
503,123
25'',545 321,708
4653,209 9,883.813 7
2eS,464
190,099 205,833
950,082 952,694
910,256
4963.681 6,29o,166 5,975,499
141,259
132,578
117,169
10.467 Waste
2,536 Wines, &c.—
10.691
Champag’e.bks
Wines
4.w5l
5,911 Wool, bales
2.345 Articles report¬
5 839
13,085 bales
following is
6,233
Hardware
39,714
19,107
37,3)9
Opium
Metals,&c.—
Cutlery
25,000 Tea
23.496
676
646
KJilOf COOt,uui»*M
decelpts of
34,751
3.601
Oil,Olive
Soda,ash
29.372
From the foregoing statement it will be seen that,compared
with the corresponding week of last season, there is an increase in
the exports this week of 6,127 bales, while the stocks to-night are
PORTS.
Tin, boxes....
Tin slabs, lbs.
Rags
20,812
965,663 Sugar, hhds., tea
4,b97 & bbls
Sugar, boxes &
28,766 bags
104,519
Same
time
1872.
Since
Jan. 1.
1873.
16.057
55,828
509,755
4:1.520
II,030
5,SOS
135,421
19.043
51.210
613,705
41,754
10,056
5,531
1,264,215
3,477
11,756
bales
Cotton,
I,63
1872,
specified.]
not otherwise
Same
time
1871.
Same
time
1873.
articles
nanlcaorea when
nritrpn 5n
Since
Jan. 1
Flax
Furs
Gunny
Hair
Article*.
of leading
imports
695
THE CHRONICLE
22,1878.]
4,911
36,195
215.352
63,f 00
165,493
62,138
80,213
50,125
159.811
107,449
174.537
83,022
93,812
and the result is
Upland and
Ordinary
COTTON.
14%®....
11 13-16
Strict Good Ordinary
By special telegrams received to-nightfrom the Southern ports,
we are in possession of the returns showing the receipts, exports,
&c., of cotton for the week ending this evening, Nov. 21. It
appears that the total receipts for the seven days have reached
133,386 bales against 12-1,080 bales last week, 128,114 bales the pre¬
vious week and 108,033 bales three weeks since, making the total
receipts since the first of September, 1873, 856,106 hales against
1,006,946 bales for the same period of 1872, showing a de¬
crease since September 1, 1873, of 150,840 bales. The details of
the receipts for this week (as per telegraph) and for the corres¬
ponding weeks of the five previous years are as follows :
Low Middling
Middling
Good
16%®...
Below
we
1514®....
15*@....
16%®....
15%@....
Middling
13%®....
14%®....
15%@....
15%®....
’4 13-16
15%®....
Texas.
Orleans.
13%®....
14%®....
13%®..
per ft.
Good Ordinary
Friday, P. M., Nov. 21,1873.
New
Mobile.
Florida.
16
17
13%®....
14%®....
15%®....
15%®....
16
17
@....
®....
@....
®....
give the sales of spot and transit cotton and price of
:
Uplands at this market each day of the past week
SALES.
Con-
Exp’t.
Spec-
sump.
ula’i)
PRIORS.
11
Good
l.ow
Mid
Total.! Ord’ry. Ord’ry. Midl’g. dling
447
!
ifaw
Orleans
1873.
bales.
1871.
1872.
35,816
9,0 ?l
18.891
32,681
10,917
1869.
1870.
1S68.
25,092
9,022
2) 626
7.S91
U 652
7.900
10,862
4,208
6,147
39.077
12,165
33,593
37.101
11.073
12,279
12,522
10,904
21,915
5,514
9,117
24,746
8,337
4,890
11,190
28,664
6,212
8.436
6,959
3,884
816
495
839
4)2
4(2
1,209
14,795
2,2.7
14,016
1.923
10.491
325
3.198
2.416
1.321
12,771
'TfGl’o
4,140
Total this week
133,385
118,565
104,743
118,699
81,318
73,120
Total since Sept. 1
856.106
1.D06.94S
770.271
918.663
7n9.c7t
5.17 709
Mobile
Charleston
Savannah
Texas
..
Tennessee,&c
Florida
North Carolina....
Virginia
18,041
6.774
1
The exports tor the week,
ending this evening reach a total of
83,536 bales, of which 58,01 L were to Great Britain, 11,738 to
France, and 13,787 to rest of the Continent, while the stocks as
made up this evening, are now 384,008 bales.
Below are the
exports and stocks for the week, and also for the corresponding
week of last
season :
Exported to—
Week ending
G. Brit.
Nov 21.
NewOrleans.
Mobile
^Charleston...
10,242
11,03)
7,157
22,216
Total
58,011
1
mo
*
3,727
Total this Same w’k
week.
1872.
Contln’t
3,950
441
4*6)4
Savannah
Texas
New York...
Othor ports*.
Since Sent. 1
France
Stock.
271,615
441
8,0 ;o
2,787
7*726
1.713
1,6.55
11,738
13,787
35,312
2.693
1,152
51,421
17,919
1miB.weuK. uuuer neau oi
7,764
21,522
29,85*.)
6,413
1873.
7,bS6
15,159
9! .505
7.157
785
24,9-8
3,845
15.960
31,255
50.911
35,000
*2,526
77,409
361.538
1872.
1*29 451
24.427
22,29?
69,836
49,658
47,223
2b,000
456,745
834,003
310,923
inner pons,” include irom WlimiilglOi
j° Uv££P,00!’.fr0ra Baltimore 1,152 to Bremen, from Boston 128 to Liverpool
and from
Philadelphia 1,363 to Liverpool,
13%
13%
Friday
80
622
60
100
862
13%
14%
15%
!5%
15%
15%
15%
15%
15%
4,379
5,297
181
450
10,307
....
....
....
....
Monday...
Tuesday
Wednesday
Thursday.......
101
430
v
316
70
1,454
664
1,072
1,319
1,584
493
1,5*20
«
.
.
.
.
1,954
.
150
200
•
51
2 742
2,225
....
....
13%
13%
13%
14*
14%
14%
14%
14%
For forward delivery the sales (including 500 free on board)
have reached during the week 114,000 bales (all low middling or
on the basis of low middling), and the following is a statement oi
tlie sales and prices :
700
2,600...
2.30'..,
2,900..
700...
400.
700.
400.
2,400
600.
2.40).
100.
701.
600.
200.
1,200.
1,000,
1,200...,
410
15 25-32
600...,
15 11-’.6
5(H)....
15*
190...
15 25-32
1,500... ....15 :S-16
200...
15 27-3 >
15 13-8*2
15 7-16
8,190...
1,400...
1 ‘200
5,600
.
.
..
3.3(H)...
1,100...
4,600...
2,< 00...
‘2.9(H)..,
8.0(H)...
2,700...
1,000...
400...
1(H)...
15%
15 5-32
15 3-16
15 7-32
15%
15 9-32
15 5-16
15 11-82
15%
15 18-32
15 7-16
1517-82
15%
1,400...
15 5-82
15 9-32
155-16
600...
159 16
15 19-32
1,000...
..lo%
15U-32
10C...
1
600...
56,300 total Jan.
For February.
300
15'3-16
15 V*
900
15 9-32
15 5-16
15 11-2
9(H)
POO
900
15 1-82
15 1-16
13 3-32
..
4(H)...
14 *27-3*2
11%
11 *29-32
14 15-16
14 31 32
15
15 1-82
15 1-16 1
15 3-82
cts.
1,600
.14 29-82
.11 15-16
14 31-32
6.400...
14 *21-32
li 13-16
2,700.
15 23-32
15*
For January.
600...
14 27-32
14*
600.
1,900
2,410
25,500 total Dec.
2.900 total Nov.
For December.
2.7(H)
14 21-32
1,000.
14 11-16
1.: .00
14 23-32
300.
MX).
1,200.
....
bales.
15%
1,309...
i5>;
bales.
cts
bales.
1.900..
300...
bales.
<ts.
For November.
100
It*
14 13-16
700.
14 27-32
8(H).
200
14%
14 15-16
100.
UK).
15%
15 7-32
2UU.
1,200.
113.630
27.070
31,637
83,536
2,0.7
14%
14%
14%
14%
11%
Total
Received this week at—
Saturday
Transit.
15
21-32
1.01H)
15%
15 13-32
cts.
200....
15
1,000....
2(0...
15%
....
100...,
15 15-16
15 81-82
430...
200...
208
20...,
15 7-16
16
1,800
15%
300
2(X)
1 100
1(0
300
890
15 19-32
1.000
15%
21-35
15 9-16
1,(HH)........ 15 23-32
7(0
15*
POO
300
8,MX)
100
5(H)
800
200
15 2‘>-32
15 75-16
76
16 1-32
16 ! -»6
76%
16 3-16
9,4C0.total March.
For
100
109
600
8(H)
800
..
4(H)
4(H)
*200
900
15,600 total Feb.
16%
16 18-32
16 7-16
April.
15%
...15 31-32
16
....’.6 1-82
.16 !-16
16%
16 3-16
..
16%
16*
500
For March,
1,000
15 9-16
8,300 total April,
698
THE CHRONICLE.
The sales
during the week of free
bales; the particulars of these sales
on
board have reached 1,000
below.
are as
F. O. B. 503 bales at Cliarltston p. t.
The
5-16e.
following exchanges have been made during the week:
pd. toexch, 200 Dec. for Jan.
The following will show the closing prices each day on the
basis of low middling uplands, for the several deliveries named:
Fri.
On spot.... 14*
If \
November. 15%
December. 15%
January... 15%
April
16%
May
....
15 7-16
14 11-16
11 31-32
15 9-32
15%
15%
UK
15%
If)
1 C>}4
16
16
,,,,
Hales,future 39.200
Hales, spot. 953
Tops.
14%
14 15-16
14%
....
February.. lr/27-32
March
Mon.
Sat.
14 %
•
...
2J.300
4i7
15
15 7-32
15 9-32
15 27-22
16 3-16
....
IS. 200
1,951
13,700
2,742
Wed.
Fri.
Tlmrs.
14%
14%
14%-
14 15-16
15 3-16
15 i-10
15 5-16
n.
14 27-32
15%
15%
15 13-16
16 1-16
16 1-16
•
•
•
•
13.1'-DO
2,225
•
•
•
•
...
16.700
2,on
15%
15%
15 7-16
-
15%
16 3-16
16 7-16
16 13-16
•
•
•
.
26.7C0
862
Weather Reports by Telegraph.—There has beeu rain in
sections the past week, and almost everywhere the weather
has been cold, but otherwise the surroundings have continued
favorable.
As to marketing the crop there appears to be a gene¬
ral disposition to push it forward, though we have received some
[November 22,18?3.
time stating the case in detail or with
any precision, it is suffi¬
cient to call our readers' attention to the fact that
sunply to all of Europe was deficient from countries other than
the
United States (see Ott-Trumpler’s circular in
Chronicle of
October 25, page 544) to the extent of
bales
last’year’s
1,200,000
;
while the
reports from those countries now is that their supply this
year is
likely to be a full one. Without therefore determining what our
crop is to be, do not these facts show that speculation for
hio-h
prices is just at present extremely hazardous. Of course there
is a price at which much of the India cotton will
not come to
market; but with the promise from that quarter so favorable for
an increased
yield as the present advices make it, while the stock
of old cotton they have kept over is so
very considerable, we
cannot but feel that one is running great risks in
c
speculation, especially
market
our
when
now
we
are
crop.
just
entering
upon
beginning
&
to
*
some
Bombay
Shipments.—According to
our
cable dispatch received
to-day, there has been 2,000 bales shipped from Bombay to Great
Britain the past week and
bales to the continent, while the
receipts at Bombay, during the same time have been 7,000
bales. The movement since the first of
January is as follows.
These are the figures of W. Nicol & Co., of
Bombay, and are
brought down to Thursday, Nov. 20 :
complaints of its being held back. At Galveston it has rained on
days, the rainfall reaching twenty-five one hundredths of an
inch; about all the crop has now been secured. It has rained on two
Shipments this week to^-Shipments since Jan. 1 to-,
days at New Orleans, slight showers. At Vicksburg it rained on
Great
Con¬
Great
ConWeek's
one day, with hail ; for
Britain
tinent.
Total.
torty-eight hours there was a high wind,
Britain.
tlnent.
Total, receipts
2,000
amounting almost to a hurricane. There has been rain on two 1872...
2,00C 703,000 204,000 907,000 7,000
...2781
651,000 249,000
days at Nashville and one day at Memphis, with the rest of the
900,000 4 000
week pleasant; our correspondent at Memphis states that two...1781
1,000 1,000
2,000 730,000 325,000 1,061,000 7,000
thirds the crop lias now been gathered; much has been abandoned
From the foregoing it would appear that compared
with last
by the negroes, but it will be partially saved by other labor. It
lias rained on one day at Montgomery, but there has been no rain pear there is an increase of 2,000 bales this year in the week’s
shipments from
to Europe, and that the total move¬
at Selma, the weather at the latter point being cold,
Ul:
with light ment since Jan. 1 Bombay increase in
shows an
shipments of 7,000 bales
frost.
At Mobile it rained on one day, very light, and the rest of
compared with the corresponding period of 1872.
the week has been cold and dry, with quite a hard frost Wednes¬
Gunny Bags, Bagging, &c.—The market for
day night; the planters are marketing their crop freely. There
gunny cloth is
has been an lunusually severe storm at Macon, and it is feared without material change since our last, except that
prices are a
that much damage has been done ; planters are not sending tlieir trifile easier; we quote 2£ lb. rolls at
ll@ll£c., cash, aud in
crop to market freely.
This same storm is referred to in our Boston sales are being made at 11c. Sales are confined entirely
Savannah telegram, being spoken of as very severe, and as having to lots for consumption of 50@100 rolls. India bales are
quoted
done much damage in the interior; with this exception it has at 9@94c., cash, according to
quantity, and Borneo at 12^12lc.
been cold and dry all the week at Savannah, with several heavy Nothing lias been reported in the way
of sales of gunny"bags,
frosts.
Our weather report from Columbus has failed to reach but the pride is rather firmer.
We quote ll^c., cash. Of jute
Kit
us.
At Augusta it has been cold and dry, and at Charleston the butts we note sales during the last four or five days
aggregating
same is reported, with the exception of rain on one
day. The about 3,000 bales; one lot of 2,300 bales at lfc., cash, and the
thermometer has averaged 62 at Galveston, 50 at Selma, 54 at balance in lots of 100@150 bales at l£c.
The latter price is being
asked at the close, but a round lot could not be placed at over
Macon, 51 at Mobile.
l|c.; the stock now on hand is about 73,000 bales; stock in Bos¬
TnE Situation'.—Our article on “The Stoppage of our Cotton
ton, 5,000 bales, aud on the way from Calcutta, 1G.000 bales,
Mills,” November 1, appears to have correctly foreshadowed the
relief which has since been realized ; instead of disaster accumu¬ making an aggregate of 94,000 bales, against 115,000 bales at
this time last year.
lating (as the timid were prophesying) the condition financially
and commercially has, since then, been improving regularly, and
Visible Supply of Cotton as Made up by Cable and Tele¬
of late rapidly.
At that time we pointed to the growing strength graph.—Below we give our table of visible supply, as made up
of the banks (so decide Uy changed for the better) as ensuring us by cable and
telegraph to night. The continental stocks and afloat
against a recurrence of the panic. To-day the banks are far are the figures of last Saturday, but the totals for Great Britain
stronger, and daily gaining, so that commercial and financial are this week’s returns, and consequently brought down to Thurs¬
affairs appear to be fast returning to their old channels.
But day evening; hence to make the totals the complete figures for
notwithstanding this improvement in tlie general situation, and tonight (Nov. 21), we add the item of exports from the United
although we think the recovery in cotton during the past two States, including in it the exports of Friday only for Great Britain,
weeks has been natural and healthy, still it strikes us that a but for the Continent the
exports of the entire week.
Speculation in this staple at the present time is peculiarly
1873.
1S72.
1871.
two
,
hazardous.
First—Our
consumption is likely to be considerably short
The extent of this cannot be determined at present.
own
of last vear.
We are inclined
to
believe in
an
ally accepted by manufacturers.
■T V
earlier recovery
than is
gener¬
But however this may be, at
present the stoppage North and South cannot be estimated at
less than 6,000 bales per week, and hence if the mills were all to
resume on the 1st of
January the loss on the year would reach
about 75,000 bales.
We are aware that many would state the
reduction more than we have given it, but we think the above is
a fair
Then again the general prostration of all busi¬
estimate.
ness and the discharging of so
many hands in other departments
of trade, will make economy in consumption of goods a
necessity
among a very large class and during a portion at least of the
coming year. This will prevent our mills, even after they re¬
sume running to their utmost
capacity, as they did during the
most of last year, and hence arises a probable further deficit in
the home demand for cotton.
Second.—The cotton manufacturing interests of Great Britain
not in a satisfactory condition.
We would refer our readers
to a speech made by Mr. Hugh Mason, President of the Manches¬
ter Chamber of Commerce, which will be found in our
foreign
letter to-day, for a very dark picture of the situation in
England.
are
We do
I,
i
Stock at
Liverpool
497.000
Stock at Marseilles
Stock at
676,086
229,000
13,000
32,000
30,000
32,000
59,000
10,000
32,000
34,000
138.000
318,500
471,000
320,000
10,250
18,590
19,000
Hamburg
Stock at Bremen
29.750
Stock at Amsterdam
90,500
23,750
Stock at Rotterdam
Stock at
Antwerp
Stock at other continental ports
Total continental stocks
Total European stocks
1,121,000
996,080
160.000
321,000
American cotton afloat for
225,000
75,000
164,000
236,000
65,000
Europe
Europe
Egypt, Brazils, &c., afloat for Europe....
Stock in United States ports
Stock in United States interior ports
United States exports this week
average
61,000
13,000
15,000
31,000
6,000
12,000
28,000
1,010,500
384, f03
67,857
33,000
-
370,923
67,500
37,000
sympathize fully with his views, knowing that the
Englishman on his own soil is by nature a croaker, and
Total visible supply
2,061,423
1,955,365
always likes to paint pictures of this kind in stiiking colors. We
notice in one of our Liverpool exchanges that when the Manclies
Of the above, the totals or American and other descriptions are
ter President had closed his speech, an Alderman who was
American—
present
asked him whether he did not need a blue pill.
72,000
49,000
This question, Liverpool stock
though not very elegant, was certainly very suggestive. But out¬ Continental stocks
66,000
91,000
side of this speech, we all know enough to satisfy us that the American afloat to Europe
23G,000 •
225,000
370.923
prospect before the Manchester spinner is not particularly flatter¬ United States stock
381,003
ing. India is overstocked with goods ; China does not appear to United States interior stocks
67,500
67,857
-be very hungry for them, while we ourselves shall this
37,000
33,000
year prove United States exports this week
poor customers of hers for every description of manufactures.
From the Continent also the financial outlook is not as
Total American
bales.
826,423
promising
872,865
as we wish it was, but it
East Indian, Brazil, &c.—
may be that cotton consumption will
not be materially affected.
379,000
Liverpool stock
425,000
Third.—With such probable drawbacks on the demand for London stock.../
422,000
195,000
fotton, what are the prospects as to supply? Without at this Continental stocks.,
405,000
227,500
not
16,0C 0
India cotton afloat for
..
n
6,50.000
15,000
30,000
Stock at Barcelona
526,000
150,086
81,750
...
222,000
692.000
Total Great Britain stock
Stock at Havre
428,000
195,000
Stock at London.
154,000
70,000
350,813
67,606
18,000
1,977,505
as follows:
74,000
91,000
154,000
350,813
67,606
18,000
755,419
'452,000
150,086
829,00
THE CHRONICLE
22,1873 J
November
Total visible
1,235,000
826,423
••
&c
Total East India,
Total American
"
160,000
75,0UU
65,000
872,865
••••
•
1,977,505
9^d.
cotton in sight to
with the same date of 1872
with the correspond¬
Cotton at the Interior Ports.—Below we
jrive the movements of cotton at the interior ports—receipts and
shipments for the week, and stock to-night and for
incr week of 1872 :
ing ween.
-Week ending Nov. 22, 72
^_Week ending Nov. 21,1873
(eceints. Shinments, Stock
Receipts. Shinments. Stocl
2,901
7,545
6,738
11,458
11,167 13,136 8,058
Augusta*
1,867
6,396
2,545
1,364
Columbus
2,166
2,628
1,701
9,094
9,739
3/! 32
Macon
3,536
9,852
3,642
5,145
3,696
2,009
Montgomery... 1,780
1.886
6,774
1,108
5,292
1,978
Selma
1,865
15,728 15,854
28,175
15,487 24,798
Memphis...... 14,474
1,539
4,308
1,598
3,367
1,248
Nashville
1,910
Movements of
822 Upland
'
To Havre, per bark Harriet F. Hussey,
Island
35,718
67,857
38,262
count of stock taken at Augusta on
17, when the stock was found to be 13,552 bales.
*
Carrier
show that the interior
than the same week last year.
The exports ot cotton this week
more
from New York show an
increase as compared with last week, the total reaching 24,988
bales, against 19,867 bales last week. Below we give our usual
table* showing the exports of cotton from New York:
WEEK ENDING
Total
to
EXPORTED to
Oct.
29.
Nov.
5.
Other British Ports
816
Havre
Other French ports
•
Total French
816
....
Hamburg
100
Other ports
Total to N.
.
.
3,881
1,777
3,981
1,713
1,898
759
300
616
198
...
...
1,777
10,584
3,998
....
97i
...
1
|
16,161
i
24,988
YORK.
New Orleans..
Texas
Savannah
Mobile
Florida
S’th Carolina.
N’th Carolina.
Virginia
1,969
996
2,224
Since
Sept 1.
This
week.
Since
This
BALTIMORE.
This
week.
Since
Since
1.931
84
556
3,425
....
306
49,733
4,329
892
295
1,4391
7,875
31,704!
15
725;
Total this year
24,135
248,3411
5,173
46,699
Total last
31,221
256,5341
7,640
52,190]
Foreign
2,196
7,i63
231
872
283
510
6,203
....
Septl.
363
2,363
2,136
127
2,708
....
1,740
10,260
4,065
24,600
1,544
10,489
5,005
28,035
exports
-n-
inew
m
York—To
Liverpool,
Total bales.
steamers Calabria, 1,774....Spain,
Gaelic, 3,804.. .City of Brussels, 575
....Menzaleh, 3,685....Minnesota, 3,359.. ..Java, 1,293... .Georgia,
300 (via Glasgow)....Ca
ifornia, 427 (via Glasgow)....Italia, 395
(via Glasgow;
per ships Pomona, 1,000....Hope, 193....per
bark Geo. B. Doane, 946
22 216
To Havre, peritrs.
Hammonia, 98 ...Ville du Havre,'1,590, and 25 ~ ’
3,091 ...Adriatic, 1,374
per
—
.
■nt
New
Hamburg, per
Orleans—To
ton
’
..
per
14.199
•
•
880
913
.
2,343
•
246
Below
City
or
1,344
.
..
1,344
....
74,142
251
300
3,566
give all news received, during the week, of disasters
carrying cotton from any port of the United States :
Richmond, (Br.), Brooks, from New York, October 25, for Liverpool,
we
before
reported spoken with engines disabled, was towed
into Queens¬
from New
four days
town, November 14, 3 P. M., by steamer City of Montreal
York. The City of Richmond broke her cylinder cover when
out from New York.
Richard Robinson, from New York for
Halifax,
15th.
Liverpool, before reported towred into
freed of water November 12, and she was being discharged
thought that the crew are at Sable Island. The Government
Lady Head will leave Halifax, N. 8., for that island in a few
was
It is
steamer
days.
Liverpool, November 21—5 P. M.—By Cable from Liver¬
opened steady and closed quiet to-day. Sales
12,000 bales, of which 2,000 bales were for
export and speculation. Of to-day’s sales 6,000 bales were
American. The weekly movement is given as follows :
pool—The market
of the day were
Oct. 31.
Sales of the week
bales.
of which exporters took
of which speculators took
Total stock
of which American
Total import of the week
of which American
Actual export
Amount afloat
of which American
The
Nov. 7.
Nov. 14.
Nov. 21.
55,000
5.000
3,000
532,000
98,000
63,000
12,000
8,000
179,000
57,000
6,000
2,000
529,000
85,000
51,000
11,000
6,000
233,OOo
72,000
6,000
3,000
502,000
73,000
4?,000
22,000
7,000
270,000
74,000
8,000
4,000
497,000
70,000
62,000
32,000
->
6,000
295,000
94,000
153,000
59,000
130,000
following table will show the daily closing prices of cotton for the week:
Mon.
Tues.
Wed,
Thurs.
Fri.
8*®.... 8*®.... 8*©.... 8*@ 8* 8*© S*
88%©.... 8*@.... 8*©.... 8*@....
European Cotton Markets.—In reference to these markets
Sat.
Mid. Uplands. 8*(g>...'.
Mid. Orleans.. 8*(g,....
correspondent in London, writing under the date of Nov. 8,
,-Good & r—Same date
r-Fair &
Ord.&Mid—>
g’d fair—*
Mid. Fair.
Fine.—,
Sea Island
22
42
20
17
19
24
30
25
Florida do
18
20'
22
22
15.
19
18
Ord. G.Ord. L.Mid. Mid.
G.Mid. Mid. F. Mid. G.Mid.
..
Upland... 6*
7*
8*
9*
Mobile.... G*
7*
8*
9*
8*
8*
8 9-16
8*
N.O& Tex 6*
8*
7*
9
9*
Since the commencement ol the year
tion and for export have been :
-Taken
1873.
American,... 17^,030
Brazilian
1.1,700
Egyptian. &c. 12 160
W. India, &c. 2,150,.
E. India, &c. 78,870
on
spec, to
1872.
hales.
35
23
M.F.
10*
10*
10
10*
10*
11*
the transactions on specula¬
"
Actual
^-Actual exp. from
Liv., Hull & other exp’tfrora
U.K.in
outports to date-
this date
92.290
-
1871.
bales.
1873.
bales.
1872.
bales.
1872.
bales.
362,480
114,800
209,010
35,540
4,730
282,550
Good
10*
10
9%
10
1872—
96,834
132,030
28.130
11.310
9.478
14.573
115,563
39,634
9,570
141,620
658,340
15,431
42,280
11,040
11.187
23.680
180,074
249,247
533,740
279,910
624,120
316,395
425,201
742.770
stock of cotton in Liverpool nearly 16 per cent
American, against 12£ per cent last year. Of Indian cotton
the proportion is 65 per cent, against 63 per cent.
Cotton Statistics Act, 1868.—Return showing the number
Of the present
is
of bales of cotton imported, exported, forwarded from
inland towns and returned to ports, during the month
months ended October 31,1873 :
-Imports.
Month.
Bales.
51,032
Brazilian.
East Indi
Egyptian.
j ^13
142,840
16,634
9,744
248,736
3,285,292
ship Hamp¬
J. S. Harris, 909
3,681
Bales.
Bales.
1,439,104
50.261
431.527
18,308
7,472
269,090
105,649
16,334
334,136
7,984
18,806
64,131
482,909
3,850
46,620
686
4
-Forwarded from ports
to inland towns.Month.
Ten mos.
Ten mos.
Bales.
9,294
1,608,386
394,369
942,133
191,900
148,504
28,486
133,461
59,588
per
1
Month.
Bales.
ports to
and ten
,
>
Ten mos.
Bales.
300
barks Granton, 1,318
Maggie Hammond, 1,650
10,188 I Egyptian
lo Havre, per
ship Francis P. Sage, 3,677....per bark Prince Napoleon, 2,076.
-5,753
ro Bremen,
per str. Frankfurt, 2,807
2,807
—
18,999
•
10,230
*759
New York, 300
str. Cimbria, 3 )0 . ..
Liverpool, per str. Andean. 3,277
Court, 3,034
•
to vessels
...
..
Weser, 459
•
•
•
..
—
Sea Island
To Bremen, per strs.
251
2,807
•
Total
742
reported by telegraph, and published in The Chron¬
icle last
Friday, except Galveston, and the figures for that port
are the exports for two weeks back.
With regard to New York,
we include the manifests of all vessels cleared
up to Wednesday
night of this week :
vr
300
....
Shipping News.—The exports of cotton from the United States
th6 past week, as per latest mail returns, have reached 74,142
bales. So far as the Southern ports are concerned, these are the
same
Total.
24,983
Hamb’g. B’lona.
Boston.
3,736
2,589 14,625
2,627 21,155
782
4,209
1,713
5,753
2,137
Texas.
68
4,044
10,188
Bremen.
759
Havre.
..
....
57.507!
year.
Liverpool.
135,402
week. Sept.l.
7,9i7
shipments, arranged in our usual form
143,026
52
26,611
13,094
63,199
follows:
Liverpool, Nov. 6.—The following are the prices of middling
qualities of cotton, compared with those of last year:
Sept.l.
6,425
North’rn Ports
Tennessee, &c
The particulars of these
81*8
from-
This
week.
74,142
Total
971
philadelp’la
BOSTON.
2,343
246
> 1,344
states:
are
NEW
rbce’ts
913
898
the receipts of cotton at New York. Boston,
Philadelphia and Baltimore for the last week, and since Sept. 1 ,’73:
following
Bitters, 1,923—per bark
971
....
19,867
22,864
8g0
14,582
....
971
....
10,230
658 — per brig
Philadelphia—To Liverpool, per str. Pennsylvania, 1,344.
are as
2,137
....
.
our
....
j,
Exampler, 255
Baltimore—To Liverpool, per str. Jane
Charlie Hickman, 420...
Boston—To Liverpool, per str. Atlas, 246
12,062
2,712
1,059
1,105
118,115
118,145
100
....
350
Spain, Ac
Grand Total
The
.
....
100
Europe.
Spain, Oporto& Gibral tar&c
All others
Total
.
....
year.
30
1,713
789
316
350
Bremen and Hanover
time
prev.
135,362
22,216
100
Same
....
••
ioo
...
•
135,362
22.216
17,691
21,698
Total to Gt. Britain 16,061
19/
....
....
date.
Nov.
17,691
21,698
16,(61
Liverpool
;
Nov.
12.
..
...
9,603
stocks have increased dur¬
ing the week 10,080 bales, and are to-night 357 bales more than
at the same peiiol last year.
The receipts have been 1,180 bales
The above totals
Dove, 1,180 Upland
Texas—To Liverpool, per bark Mary Mark. 880
Wilmington—To Liverpool, per bark Maria Rosa*
32,449
the afternoon, of Nov.
There was a
251
2,104 Upland and 33 Sea
Savannah—To Liverpool, per ships Ceferina, 2,752 Upland — Anna
Bingay, 3.301 Upland
LadvDufferin, 2.997 Upland....per bark
the correspond-
36,898
bark Esperanza, 251
per
Ariel, 2,800 Upland and 25 Sea
Island—Pernambuco, 2,804 Upland., per barus Cynthia Palm¬
er, 1,187 Upland
Delta, 1,651 Upland and 92 Sea Island — Chas.
F. Elwell, 2,640 Upland and 4l Sea Island
per brig Santona,
755,419
9%d.
Middling Uplands, Liverpool
8*®8*d.
These figures indicate a decrease in the
niaht of 106 058 bales as compared
and a decrease of 22,140 bales as compared
ing1 date of 1871.
Price
Barcelona,
Charleston —To Liverpool, per strs.
1,222,036
2,06i,423
..bales. 1,955,365
supply
821,000
70,000
164,000
1,082,500
India afloat for Europe
Egypt, Brazil, &c., afloat
To
1871.
1872.
1873.
697
,
Forwarded from in¬
land towns to portsTen mos.
M'>nth.
Bales.
863
Bales.
8,688
205,492
40,237
11
37
S
13
224
686
203
2,534,514
919
9,814
368,154
•
•
•
•
THE C/ilRONICLE.
698
The
BREADSTUFPS.
advance in breadstuffs during the past week, owing mainly to a severe fall of
snow
along the eastern division of the Erie Canal, which greatly
impedes and threatens an early termination of its navigation,
thus cutting off a large portion of our expected supplies. More
favorable foreign advices have also latterly contributed to the
There has been
a
further and pretty uniform
improvement.
Flour has met with an active
further advanced fully
25c.
per
export demand, and prices have
bbl. for the
common
in
sight and the
Breadstuff's to the latest mail dates:
move-
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK
ENDING
NOV. 15, AND FROM AUG. 1 TO NOV.
15.
Flour.
bbls.
Wheat
bush.
(196 lbs.) (60lbs.)
Chicago...
Corn.
Oats. Barley.
RVfl
bush.
bush.
bush,
bush*
(56 lbs.) (82lbs.) (481bs.) (B61bp \
392,068 210,253
99.598
14,247
13,130
8,575
49,572
,100
48.770
29,748
12,517
3,776
4,275
27,832
3,000
595,111
602,223
SO,546
53,936
13,780
136,591
131,996
Total
Previous week
129.918
140,025
1,797,099
f 586,804
811,629
Oorresp’i-g week,’72.
689,043
-
Milwaukee
Toledo.
Detroit
..
Cleveland*
St. Louis
Duluth
and medium
Buyers for Great Britain have not only been in the
market, but there has been a good business done for the British
provinces, the West Indies and South America, and the sales for
export alone have approximated 10,000 bbls per day. There has
been at the same time some large contracts for common shipping
extras put out for December.
The trade has bought more freely
of the medium extras, but choice brands have not been active^
nor have they been freely offered.
Flour does not fnlly respond
to the advance in wheat, because the closing of navigation oper¬
grades.
ates in favor of
following tables show the Grain
meant of
Friday P. M.. Not. 81. 1873.
[November 22, 1878.
123,892
155,486
1.100,132
’69.
“
142,241
140,515
117,250
1,249,698
603,372
“
68.
59,526
38,980
48,200
53,765
1,0G0
3,138
11,300
43,80*1
419,299
541,221
533,255
212,912
246,615
472,445
139,108
52,435
1.253,264
’71.
’70.
“
Total
Same
Same
Same
1.594,183
99,721
14,400
15,050
‘751,057 1,128,237
453.840
150.252
279,066
284,372
279.987
125,929
239,480
295.995
299,835
71,230
24,248,736 10,097,807 2,843.063
24,403,111 9,798,242 5,204,810
6,310
26,657
27,960
40,470
38.075
33,794
25,624
34,559
805,035
821,606
Aug. 1 to date... 1,919.220 34,382,406
time 1872-73
1,851.019 26,089,223
time 1871-72
2,109,259.26,473,440 13,510,932 13.355,609 4,006,336 1 753995
time 187 J-71
2,190,560 23,101,598 8,414,920 9,858,527 4,001,293 ’879,288
Estimated.
Shipments
*
Flour and Grain from the ports of Chicago,
of
Milwaukee Toledo, Detroit, Cleveland, St. Louis and Dulutli*
for the week ending Nov. 15, 1873, and from January 1 to
Nov. 15:
Flour, Wheat, Corn,
Oats,
Barley.
Rye
bbls.
bush.
Week ending—
bush.
bush.
bush.
bash
Nov. 15, 1873
131.016 1,322.630 1.182,637
359,859 107,492
13,80
Nov 8, 1873
439.491 123.708
133,592 1,736,288 1,176,653
45,32*
Corresp’ng week 1872 152,200 1,023,0:9 1,051.551
438,815 302,504
27,25n
8d,869
669,817 1,174,687
Corresn’g week 1871.
554,967 128,922
48,03s
389,129
293,707
44.262
Corresp’g week 1870. 117,766 1,131,106
$^*599
Western millers, who will be able to buy wheat
Cheaper and forward its product by rail. To-day the market
■was firmer, with common
to good shipping extras selling at
$6 50@$6 75, but 5,000 bbls sold for January delivery at Phila,
delphia at $6 35.
The wheat market has experienced a very decided advance., and
Total Jan. 1 to date
a very large business was done. The report of ice and snow along
Same time 1872
the Erie Canal on Tuesday morning caused shippers having Same time 1871.
Same time 1870...
3,689,678 36,373.631 19,928,828 11,423,946 12,885,683 1,568,64
freight engagements to fill to buy freely, paying $1 38@$1 39 RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR TH
for No. & Chicago, $1 42@$1 43 for No. 2 Milwaukee, $1 48 for
WEEK ENDING NOV. 15. AND FROM JAN. 1 TO NOV. 15.
Flour, Wheat,
Corn,
Oats,
Barley, .E??.
No. 1 spring; the next day there was an advance to $1 42@
At
bbls.
bush.
bush.
bush.
bush.
bush.
85.649 1,091,329
152,320
196,759
$ 1 43 for No. 2 Chicago, and $1 45@$1 46 for No. 2 Milwaukee> New York
436,104
1,000
Boston
45.624
3,000
42,572
38,885
33,032
1,200
and yesterday a further advance of one cent was paid ; but with Portland*
12,500
600
18,750
3,500
1,000
500
Montreal
55,067
136,539
15,219
3,200
ocean freights ruling high, gold a fraction lower, and the more
1*492
46,000
Philadelphia
20.842 122.100
72,500
19,021
43,217
119,200
22,500
1,900
pressing wants of buyers having baen supplied, the market closed Baltimore
24,202
New Orleans...
25,741
65,789
quiet; two loads of white Canada sold at $1 68 in bond for
Total
766,147 336,033
6,592
264,444 1,396,685
188,552
export; winter red wheats were wholly neglected. The stock of
8.775
Previous week
254.528 1,476,086
1.273,595
419,470
316,256
wheat in this market is but little larger than at this date last Week Nov. 1
23,320
253,215 1,876.829 1,018,382
365,849
621,824
Week Oct. 25
253,982 1,638,810 1,584,826
319,072
768,946
37,815
year, and after the close of inland navigation we shall be mostly Week Oct. 18
273,392 1.951,434 1,451,917
433,539
215,433
65,006
73,013
253,680 2,867,663
404,537
591,033
41,017
dependent on the railways for supplies. Receipts at the West Week Oct. 11
394 230
Cor.
8,225
402,992
’
255,065 1,317,537 1,334,818
have materially fallen off. To-day there was a further advance, Totalweek, 1 72. date .8,362,310 43,773,641 44,927,241 20,285,102 2,79l’2411,043,087
Jan.
to
with moderate sales of Nc. 2 Milwaukee in store at $1 48@$1 49- Do. same time 1872 ..6,605,415 20,805,515 60,909,842 20,279,106 3,873,614 483,614
Do game time 1871. ..8,166,915 38,639,929 39,129,482 19,199,908 2,918,199 1,146,365
Indian corn has been in speculative demand, and there has
* Estimated.
been a material advance in prices, prime mixed closing yesterday
The Visible Supply of Grain,
including the stocks in
at 69c, the highest figure in many months.
There is a pretty full granary at tho principal points of accumulation at lake and
seaboard ports, in transit on the lakes, the New York canals, and
stock in this market, and no doubt a sufficient supply in the coun
try, notwithstanding some deficiency in the late crop, but the dif¬ by rail, was Nov. 15,1873:
Wheat,
Oats, Barley,
Com,
bush.
bush.
bush.
hash.
ficulty is, it is not properly distributed, and this cannot be done
In store at New York
1,816,771 3,002,149
790,892
288,681
till the reopening of inland navigation in the spring.
To-day In store at Albany
107,000
115,000
100,000
15,000
Instore at Buffalo
the market was quiet at 684@69c for prime mixed in store.
56,193
10.203
26,650
101,683
In «torp at Chicago
494,194 1,265,557
310,509
425,110
Rye is held higher, but without business to establish prices. In store at Milwaukee.....
280,889
27,465
9,551
64,808
In store at Duluth
38,036
•••
Barley advanced fully 10c per bushel, with sales of prime In store at Toledo
411,555
466,317
88,272
1,526
Canada West at $1 70. To day there was a further advance,.and
In store at Detroit
99,121
25,218
‘45,133
28,996
Tn store at Oswego.
225,000
80,000
135,000
45.000
five boat-loads of Canada West sold at $1 75.
In store at St. Louis
215,383
158,120
60.916
90,230
38,791
244,549' 34,765
251,566
Oats have also been in speculative demand, with prices work¬ In store at Boston
In store at Toronto
21,240
1,843
100,058
82.945
645 360
12,629
254,621
4,000
ing up from day to day, and the supply, present and prospective, In store at Montreal
In store at Philadelphia
220,000
185,000
85,000
135,
quite moderate. Yesterday, Ne. 2 Chicago sold at 55c afloat. In store at Baltimore
20,000
67,848
166,261
65,000
Lake Shipments
To-day, the market was quiet and weak.
254,769
1,039,863 1,033,794
14.013
.
,
,
.
.
.
.
“
....
.
—
;
The latest advices from the Erie Canal
report cold weather
and navigation nearly suspended, but
great efforts will be made
•
.,
Rail shipments
Amount on New York canals
282,767
2,503,497
148,843
1,730,067
•
105,090
592,067
93,479
456,362
2,844,271 2,035,467
9,920,664 3.°^,251 2,039.910
10,472,784 2,684,435 1,910,777
Flour.
10,969,645 2.756,447 1,918.817
Grain.
No. 2
.ttbbl. $4 30® 5 15 | Wheat •No.3
12,356,583 2.475,158 1,917,894
spring,bush.|1 42® 1 43
Superfine State and WestNo. 2 spring
12,642,088 2.332.195 1,451,867
1 45® 1 50
5 60® 6 00 !
No. 1 spring
10,425,893 4,380,336 3,289,645
1 52® 1 55
Extra State, &c
6 40® 6 85 i
Red Western
3 47@ 1 52
Note..-New York, 18,741 bush rye; Albany, 3,800 do; Chicago, 58,706 do j
Western Spring Wheat
Amber do
l 55® 1 58
Milwaukee, 5,746 do; Toledo, 1,488 do ; St. Louis, 14,905 do; Boston, 1,815 ao,
kee,
extras
6 25® 6 65
White
1 55® 1 75 | Montreal, 35 do; Philadelphia, 15,000 do; Baltimore, 10,000 do; lake snip
do double extras
6 75® 8 25 Corn-Western mixed
70
monts, 10,000 do ; railway shipments, 3,807 do; on New York canals, |9;95o a ■
68®
do winter wheat extras
i
White Western
Total Nov. 15, 1873, 193,999; do. Nov. 8, 1873, 219,112 ; do. Nov. 1,1873, 224,wi,
80
78®
and double extras
6
to
get the boats through.
The
following
..
are
closing quotations
Total
8.470,331
Total in store & in transit Nov. 8,’73 9,073,617
“
“
Nov. 1, ’73. 8,611,908
“
“
Oct. 25, ’73. 8,574,116
“
“
Oct. 18, ’73. 8,535,944
“
“
Oct. 11., ’73.9,126,309
"
“
Nov. 16,’72 . 6,893,774
:
8,988,421
.
....
..
City shipping extras.
City trade and family
75®10 25
Yellow Western
6 75® 7 25 I
Southern, white
brands.
Southern bakers and fa
brands.
,
Sou them shipp’g extras..
8 75®10 00 I
...
...
Rye flour superfine
Cornmeal—Western, Jfcc.
Corn meal—Br’wine. &c.
|
|
25® 8 25
|
3 35® 3 70
85® 4 00
3
95®
®
C~
1873.
For the
week.
Flour, bbls.
C. meal, “
v
White Western, &c
Barley—Western...
Since time Jan.
Jan. 1.
1, *072
3,035.438 2.599 892
88,409
3,206
MR,767
183,681
Wheat, ons. 1,156 072 29.552,448 13,116,676
Corn,
“. 589,418 23,5M,335 [37,762,156
Rye,
“
15.145
933,010
381,863
Barley,Ac.. 200,661 2,139,474 3,781,265
Oats
176,682 10,282,371 11,450,124
.
.
55
57
60
75
55®
1 10®
..
Canada West
State....
Peas—Canada
Same
1 00
53®
Chicago mixed
RECEIPTS AT NEW YORK.
1 65®
l 35®
.
as
‘8®
65
25
follows-
—EXPORTS PROM NEW
YOJiK.
-1873.
-1872.Since
Forthe
Since
Jan. 1.- week.
Jan.1.
For the
week.
41,324 1,389,315
1,978
160.435
880,429 24,142,130
45,340
1,029,181
3,330
176,024
337,692 11,153,199
698,616 13,845,133 536,053 24,526.09o
....
350
do. Oct. 25,
1873, 263,358.
THE DRY GOODS TRADE.
•
The movement in breadstuffs at this market
has been
t
71
®
Oats-Biack.
9 25®10 50 j
7
5 20® 5 60
70®
958,472
40,048
£5,862
817
678,79’h
22,65q
-32,30a
Friday, P. M„
Nov. 21, 1878.
week*
though the trade has been attended by less excitement than was
noted in
last report. The success of the “ prompt cash plan
last week was so great that other houses have adopted it this
There has been
an
active business during
the current
our
week, and fresh offerings of goods at low prices have constantly
been placed before buyers.
The returns from the sales of the
past two weeks have been very large, and have already done
much toward relieving the uneasy feeling caused by the stringency
of the preceding month. The outlook for the new year is now
more favorable, yet the strain of the past two months has been
so severe that it will not be surprising if, with the closing
of
Brown Sheetings and Shirtings.
Width. Price.
Width. Price.
16
9-4
Adriatic
30
36
Indian Head.. 40
12
Pepperell
do
do
36
...10-4
12#
Agawam F... 36
9#
32#
do
...11-4
Alabama.
35
Ind’n Orch.W 30
8#
36
9
suspensions occur among the smaller
houses
A very good effect of the extraordinary activity created
by the low prices has been the movement of large amounts of
old stocks, and most of the jobbing houses will close the season
with their stores better cleared out than they have been for a long
time previously. Their staple goods are also well sold out, but
the prospect is that they will be able to replenish at the opening
of the next season at prices that would render it unprofitable to
accounts next
month, some
goods.
carry over
Width. Price.
...
...
Albion A
36
Amoskeag
36
do
do
do
45
49
60
36
37
36
37
36
36
30
.....
...
....
Atlantic A...
do D....
do H.
..
*
Goods—Liberal sales of domestic cotton
Domestic Cotton
690
THE CHRONICLE.1
22,1878.]
November
P
L fine
do
do
do
do
.
.
LL...
V
....
A..
effected in a jobbing way, and the market is Appleton N.. 36
do
33
now well cleared of most descriptions of stock.
Prices have, of Augusta
36
do
30
course, been irregular, and have been controlled mainly by the
1
do
4S
do
A.... 27
jobbing trade. The reduced production and large sales through. Broadway.
36
Becond hands have so far reduced the stock as to leave Ihe. Bedford R... 30
40
Boott S
future of prices entirely in the hands of agents, and as there is
do W
48
do FF
36
rather more firmness manifested in the raw material the outlook
Cabot A
36
is favorable for a higher range of values for the spring trade. Continental C 36
Prints have constituted the leading articles in the trade, and the Conestoga D. 28
do
G.. 30
do
S.. 33
low prices ruling have been taken advantage of by consumers
do
W. 36
who have been liberal purchasers. The print cloth market is Crescent
36
quiet, but prices remain at 5@5|rC. for standards. Very little has Dwight X... 30
do
Y
33
do
been done in colored cottons, and quotations are wholly nominal,
Z.... 36
do
ZZ... 40
the sales effected being mainly at irregular prices.
do
Star.. 36
do
do
40
Domestic Woolen Goods.—There are few essential features
do
do
46
36
to note in connection with any branch of the woolen goods trade. | Exeter A
Gilboa
36
Values are irregular, and while stocks are being constantly re¬ Great Falls M 36
do
S 33
duced by the purchas3s of tailors and the clothing trade—the lat¬
do
E 36
ter being moderate purchasers—sales are only effected by material
Harrisburg A. 36
do
B. 30
fabrics have been
...
•
....
9#
13
*
17
18#
23
12
10#
11#
10
9#
9
10
12
Id#
11
9#
22
7#
10
7#
11#
15#
12#
11#
12
9#
10#
11#
12#
12#
8#
..
The firmer grades of cassimeres are not
concessions in values.
subjected to so marked reductions as other fabrics, but even these
goods have to be sacrificed to some extent. Flannels are selling
fairly, witlr the more standard brands pretty well maintained.
Cloths and overcoatings are not in very active request, and show
no new features, prices being nominal.
Foreign Goods.—The sales of imported dress goods have been
aided materially by tlie low prices at which goods were offered,
and which enabled retailers to reduce their prices to an extent
distribution to consumers. Stocks are
well reduced in first hands, although to effect this reduction
that would issue a free
importers have been forced to dispose of their goods at unremunerative rates.
Staples, in some instances, remain-at about the
opening prices, and are considered safe to carry. Silks of all
descriptions are dull and hard to move, tlie demand running
mainly upon worsted dress fabrics, which are very cheap. Tlie
imports are about the same as at this period of former years,
but are, of course, light.
The importations of dry goods at this port for the week ending
Nov. 20, 1873, and the corresponding weeks of 1872 and 1871
have been
as
follows
ENTERED FOR
:
CONSUMPTION FOR THE WEEK ENDING
1871
Pkge. Value.
677 ,$273 307
Manufactures of wool
cotton.,
silk
,
935
.
flax
Miscellaneous dry goods
271,967
554
461.130
1,376
.
403
219,126
208,542
3,945 {51,464,072
Total
•1872
,
Value.
Pkgs.
483
$101,855
824
185,434
222
154,839
7(6
154,883
204
97,799
NOV.
20
$794,810
Pkgs
340
408
178
826
306
2,058
.
Value.
. .
$120,963
112,354
99,525
75’791
94,123
$502,756
Manufactures of wool.... 454
do
cotton..
217
83
do
silk
do
>
flax
1.176
$158,130
Miscellaneous dry goods. 337
29,626
60,565
115,378
81,536
2,267
$445,735
AddentVlforconsumpt’n 3,945
1,464,072
Total thrown upon m’k’t. 6,212 $1,909,807
ENTERED FOR WAREHOUSING
776
$323,405
cotton..
433
143.056
silk
flax......
153
663
163,729
137,514
Miscellaneous dry goods.
82
24,379
do
do
do
494
168
74
409
470
$261,024
56,199
84 166
99.431
24,821
$475,611
391
182
87
461
107
$792,083
We
annex:
manufacture
a
our
102,032
15,304
$465,220
502,756
$967,976
121.893
1,277
160,622
15,386
187
29,043
76.790
$431,230
794,810
3,672 $1,226,090
2.606
2,058
$720,666
502,756
4,664 $1,223,422
of leading articles of domestic
prices quoted being those of leading jobbers:
few particulars
•
Woodberry, Drnid Mills
and
No. 0
No. t
No. 2
No. 3
No. 4
No. 5
Fleetwing.
No. 6..
No. 7
Cotton Sail Buck.
30
1 USA Standard 28J<X in—
No. 8
8 oz.
do
No. 9
28
24
do
9 oz.
26
1
1
do
10 oz.
28
Light duck—
20
1
Bear (8oz.) 29 in..
do
12 oz.
33
do heavy (9 oz.)... 23
do
15oz. 40
i Ontario twls. 29 in.
20
Mont.Ravens29in.. 22
40in... 30
i
do
do 31in(8oz) 22
do
36 in.
Ontario and Woodberry 1
25
1: Ex twla“ Polhem’s” 15
11
9
44
42
40
38
36
84
11
10
-
12#
10
13#
18
Langley
Lyman C
12
36
36
E
T
do
do
31
12
9
9
9
36
36
29
Mass.*!
do E
33
do BB
36
do M
40
do standard 36
Maxwell
40
Medford
36
.
Androscog’nL 36
A A 36
do
do
do
10-4
ArkwrightWT 36
Auburn
Ballou & Son.
do
Bartletts..
do
do
'.....
Bate?
do BB
.
36
.36
.31
..
33
31
45
36
36
Bay Mills
Blackst.neAA 36
36
Boott B
do C
33
do
E
36
do R
28
do S
36
do W....
42
do X
45
Cabot....;... .7-8
do
36
do
.9-8
do
.5-4
27
Canoe
.
.
.
....
.
.
...
.
[9#
11#
31#
.
.
.
.
.
Chapman fine 36
36
do
X.
Clinton CCC. 36
do
C.... 36
Davol
4-4
42
do
do
.5 4
Dwight 1)... 40
do
Star. 36
42
do
do
do
do
45
do cambr 36
Elmwood..
36
Fruit of the
36
Loom
33
do
42
do
5-4
do
6-4
do
.
.
.
.
.
.
.
18
11
.
10#
13#
..
12#
31
12
13#
IS
.
.
.
.
.
21
do
IS
8-4
I
25
!
12#
10#
Hope
13#
Howe
..
.
..
..
12
19
15
16
13#
13#
11#
10#
....
8
12
..
16
....
17#
12
14
..
.
16#
18#
..
.
6
14#
11#
14#
11#
.
.
.
..
15#
.
.
21
23
20
14
....
17#
20
19
19
.
.
.
15#
14
20
14
11
15#
V#
15
15
9
.
*
23
28
14
....
21#
_
30
32-35
]f>#
.18
13#
io#
21
9#
9#
10#
9#
10#
.
12#
..
40
...
.
36
Indian Riv X. 36
Ind. Orch.AA. 3(5
do
II dw 36
)
do
CC.
34
James
Lawrence S
31
Laconia..... .8-4
do
..9-1
do"
10-4
Langdon.... 42
do
46
do
GB .4-4
Lonsdale...
36
do Cambric 36
36
Lvrnan camb
Linwood....
36
Medal
MaSonville.. 36
36
Masconomet
do
33
Maxwell..
36
Nashua E...
36
do
do
.9-4
do
10-4
Newmarket C 36
do
A 36
do
W 36
N.Y. Mills. 36
Pawtucet....
36
Peabody.... 36
Pepperell... .6-4
do
.7-4
do
.8-4
do
.9-4
do
10-4
do
j il-4
30
35
.
.
.
21
30
.5-4
.6-4
.84
do
.9-4
10-4
do
11-4
do
Pocasset Can. 36
do
F 30
do j
FF. 36
Pride of West 36
Red Bank...
36
do
33
Reynolds A A 36
Star W
SlatiTville... 36
do
33
Social C
33
do
L
36
Suffolk B....
do
A....
36
do L
36
Thorndike B. 36
Tuscarora XX 36
do
45
Utica
35
do ex hvy.
36
do
do
6-4
do
8-4
do
9-4
do
10-4
do Nonp.. 36
Waltham X.. 33
42
do
6-4
do
8-4
do
9-4
do
(lo
...10-4
Wnmsnttn.
9-8
do OXX.... 36
36
do OHH
5-4
do
.
14
18#
do
do
..
37#
15#
10#
15#
Pequot.
..
17
30
40
48
Shirtings.
.
9#
13#
.
do
do
do
11#
Forestdale
13
.36
Gem of the Spindie.
36
13#
Gold Medal .4-4
12#
do
33
10#
Green G....
10
36
Gr’t Falls Q
15
36
do
S.
10
31
M
11
do
33
do
A
32
11#
Hal low ell Q,
36 1 1-11#
E
do
36
12#
13
Harris
Hill’s S. Idem 33
13
do
36
14#
14#
.
.
11# I
Pepperell— 7-4
_
....
35
40
10
in#
.
....
10
10#
8-4
27#
.9-4 32^-35
do
.
.
14
.
....
10#
10
23
35
.
A.
.
12
8
do
D 36
Nevada A
36
Pacific extra.. 37
11#
5-4
10-4
Z.
31
do
do
do
do
do
....
11#
Langdon GB.4-4
...
...
35
40
..
18
17
.
'
19
15
22#
21
14
15#
16
14
9
9#
11
12#
10
9#
10#
17
24
16
....
17#
26
30
40
45
47#
17#
11#
16#
25
....
12#
27#
30
35
23
....
18
14#
16#
.
35
40
17#
17#
...
25
'
Washington. 33
Wauregan.... 36
12#
12
16
19
13
do camb.
White Rock.. 36
Whitinsville. 36
33
do
.
10#
1 Winthrop A A.
Wessacumcon
20
22
26
30
f
9
16
20
15
13#
11
12#-13
..
12#
18
Omega B..
32-15
B
36
Warren AA.. 36
Williamsville. 35
i
21
25
25
15#
40
d
Ticking*.
Amosk’g ACA.
do
do
do
do
do
A..
B..
C..
..
..
..
..
D..
awning ..
Arasapha
Algodon
36
do
..
Beaver Creek..
..
Conestoga A p. ..
do
B p..7-8
A p.7-4
do
do
do
do
do
22
8#
22
27
26
23
23
ex..
20
20
..
..
CT.. 6
CCA
A A1.7-8
..
Cordis AAA., 32
IS
17
14
23
32
....
2.
3.
4.
..
..
..
5.
..
6.
7.
..
25
21
18
17
15
13
..
..
..
|
..
..
..
..
..
Hamilton reg..
!
do
D.
..
..
.
do
A
do
ACA... 30
do
36
do
do medal..
Pearl Rive*
Pemberton A A
B
do
do ' - E.
do
Bars
Pittsfield
Swift River
Thorndike A.*
do
C..
...
11#
11#-13#
15
Hampden CC.. 30
do
BB.,
U#
do
TRA
22#
12#
ex...4-4
do Old null
do
Cordis ACE.
dc
No.
No.
do
do
No.
do
No.
do
No.
do
No.
Easton
27
22
19
17
15
22
7-8
B
Albany.
.
46
9#
27#
..
18#
46
42
36
Amoskeag...
Fr,nklinMXgCo36
$255,034
113,742
162,225
51,525
2,444
6,052 $2,256,155
6 i,557
80,757
590
338
205
$165,686
1,228
tlie port.
3,500
$205,570
3URING SAME FERIOD.
1,454,072
At
2,058
4,059 $1,270,451
2,107
Total entered
1.442
791,810
1,615
2,414
Addent’dfor-consumpt'n 3.945
Total. ^
490
210
82
423
237
9#-10
Bleaclied Sheetings and
.
8AME PERIOD.
Manufactures of wool
..48
.
■1873
,
2,444
1873.
WITHDRAWN FROM WAREHOUSE AND THROWN INTO THE MARKET DURING THE
.
Total.
do
.
/
do
do
do
[ndian Head.7-8
12
16
11
...
do
12-1
37#
do E fine. 39
11
do R.
10
do O.
9
doN.
8#
36
12#
Pequot A
do
B.
40
14#
do
9-4
37#
do
40
..10-4
Pittsfield A.
36
9#
Pocaset Canoe 39
12#
Portsmouth A 36
10
do
P 30
7
B 27
do
Saranac fine O 36 10-10#
do
12
R 36
do
E 39
13#
12
Stark A..
36
do B
36
11#
Swift River.. 36
fe#
Suffolk A
36
9
TrcmontCC.. 26
9#
Utica
36
16#
17
do heavy. 40
do
48
27#
30
do
40
do
76
45
do
66
do
96
47#
do Non
40
17#
Waltham F..
40
13#
do
.5-4
16#
do
.9-4
27#
do
30
10-4
do
11-4
Warren A...
40
14#
do
AA
40
18#
Waterford W 30
8#
9
do
BB 33
10
do
C.. 36
do
13
A.
40
do
d’w 36
13#
Wachusctt... 36
11#
.
13
Masconomet.- 40
do
36
Nashua fine O 33
do
B....-36
do
E... 40
W
do
48
do
9-4
do
10-4
Newmarket A 36
11#
12#
:
9
10#
Mystic River. 36
9
9
..
....
BB. 33
C. 36
A. 36
d’w 36
do. 40
Laconia O.... 39
do
R.... 37
36
do
9-4
do
do
.10-4
do
11-4
Laurel D
36
Lawrence A.. 36
do
D.. 36
do
36
s.
do
XX 36
do
LL. 36
do
J.. 36
do
Y. 36
do
do
do
do
do
20
10
..
29
Lewiston A... 36
21
do
A.,.. 32
22
A.... 30
do
Methuen AA..
22#
do
awning. ,.2 7#-30
25
Minnehaha... 7-8
30
do
:...4-4
16
Omega 0
..
Willow Br’k No 1
do
do
..
...
extra
36
..
WhittcntonXXX.
do
A.
York.....
do
..
30
32
29
37#
25
21#
18#
14#
22
8
12#
13
13
20
32#
28
24
16
19
23
Cotton Yarns.
'
Empress 6 to 12...
28
Pendleton
28
tlo
..
I Sargeaut
do
1 Foutenoy 6 to 12
..
..
26
30
I IXL
|
XXX
6 to 12..
do
..
28
28
CHRONICLE.
THE
700
GUNPOWDERShippSng
25 ft keg.
Min. & Blasting
GENERAL
PRICES CURRENT.
<a
HAY—
V 100 lb
River.shipping
Refined,
...
@
95
American dressed
American undressed
BUILDING MATERIALS—
Bricks—Common Card
Croton fronts
Russia,clean
Manila,current
“
“
4 00
14 00
23 50
8 25
17 00
30 50
1 75
1 10
1 75
38 00
30 00
31 00
75 00
26 00
20 00
V bbl.
Cement—Rosen dale
Lime— Rockland, common....V bbl.
Rockland, lump
88 30
Lumber—Soathern pine
25
box boards
merchan. box boards. 28
White pine
White pine
Clear pine
BDrnce boards* nlanks
Hemlock boards & planks
Edits—10@60d.oom, fen & sh,
Clinch, 1 to 3 In. & longer
keg.
65
24
18
4
6
2d and 3d fine
Cut spikes, all
sizes
Faints—Lead, white, Am, pure, in oil
Lead, wh., Amer., pure dry
Zinc, wh.,Amer. dry. No. I
Zinc, wh.. Amer.. No. 1, In oil
Paris white, English, pr...V 100 lbs.
BUTTER AND CHEESE—
Butter—Firkins, per Invoice
Bing’e dairies entire
Welsh tubs, per invoice
Rolls
Cheese —State factory, com. to fan.
do State dairy, common to fair..
COALAuctlon sale of Scranton, Oct. 29:
8,000 tons steamboat
13,000 tons grate
9,000 tons egg
88.000 tons stove
6
4
00
00
00
00
no
50
00
75
75
n*@
<2
«
a
li
@
@
17
25
10*
8*
12
2 25
@
@
@
@
17
23
9
31
35
33
33
14
<3
&
4 80
....
5 30
5 40
9,000 tons chestnut
Liverpool gas cannel
Liverpool house cannel
850
8 50
10
oo
....
12
@
@
@
4 85
5 00
5 35
@
@
5 45
4 55
....
@ 14 00
....
@ 20 00
Clover, new
Timothy...
Hemp, foreign
Flaxseed, American,
Native Ceylon
19
6v
Domingo
Bavauilla.
Mexican..
19*
20
21
21*
@
213(@
26*@
...
24
22
28*
@
@
25
22*@
“
“
•*
**
“
“
25
24
17
13
....
Dry Salted—Maracaibo....$ lb
Chili
Pernambuco
Matamoras
Bahia
Wet Salted-Buenos Ayres.
Para..
California
Texas
‘
‘ *
"
@
&
23*
Alum, lump
Argols, crude
Lrgols,refined
Castor oil,E.l.lnbond,
Chlorate potash
“
“
“
“
“
Caustic soda
Cochineal,Honduras
Cochineal. Mexican
Cream tartar, prime
Cubebs, East India
16
26
....
5 50
IS
@
©
....
*
72*@
75
32
32*
@
55
•
ft.
@
56*
©
31*
••
6*@
4*@
@
@
I 25 @
37 @
20 @
33 @
25 @
7 ©
“
“
10
....
cur.
11
17
....
gold.
V Tb
4C
gold
••
....
19
6 00
gold.
....
gold
8oda ash
8ugar lead, white
@
19*
2*©
gold.
per oz.
^ ft.
6
©
36*4©
....
35
1 65
56
gold
©
@
©
©
©
6
40
1 20
2 50
1 no
1 87*
62
2*@
....
Yitriol. blue,common
11
12*
2%
11*
FI8H—
Dry cod....'
* cwt.
Mackerel, No. 1, Mass., shore,
Mackerel,No. I, Halifax
Mackerel, No. 1, Bay
Mackerel, No. 2, Mass, shore.
Mackerel,No. 2, Bay.
new..
FLAX- '
North River
5 00
23 mo
16 0)
15 00
15 00
13 00
.V lb
FRUITS—
Raisins. Seedless, new
do
Layer, new
16
ft frail
do
Sultana
do
do
Valencia, new
Loose Muscatel, new.3? box..
Currants, new
Citron, Leghorn
Prunes, Turkish,
Prunes, French
4 50 @
2 40 @
12 at
....©
21 50 @
25
new
Figs, Smyrna, new
Canton Ginger
Sardines, V* hi. box...
4
ip ft.
*1 c^se.
9
7 25
3*
2 75
Apples, Southern,
5*
26
11
<a
7*
@
©
2«*@
13*©
nox
78
7 50
29
11*
11
10*@
1873, crop
sliced
8fate, sliced
do
quarters
"Western
do
do
do
do
7
7
10
7*
@
9
©
■t
7^@
0
Blackberries
10
23
@
21
175
■;
..100
117
Hoop....
Sheet, Russia, as to assort
gold.
Sheet, ' ingle, double & treble, com. 0
Rails, English, $ ton
gold 60
Rails, American, at works in Pa
65
—
00
00
00
00
10*
24
do
7 75
7*©
11
gold
Singapore
@
...
@
@
@
@
@
@
...
;
25
Calcutta
....
Mace.
1 25
99
U
Nutrnegs, Batavia and Penang
Pimento, Jamaica
Cloves
do
otemn.
'
22*
22*
25*
13
12
1 30
1 00
©
....
@
Brandy, foreign brands
gold.
Rum—Jam.,4th proof
St. Croix,3d proof
82
©
13
SPIRITS—
12)i
>—V gall.—
3 75 @15 00
“
"
3 75
3 40
*•
...
Domestic liquors—Cash.
A Icohol (88 per ct) C. & W
3 15
@
@
@
5 50
8 50
3 35
1 78
cur.
$U00 lbgold
“
“
German.
"
Bar
6
6
6
7
7
7
@ 9
@ 10
09
00
00
25
50
LEATHER-
27*@
California
“
26
25
33
38
33
30
Orinoco, &c
rough
“
30
28
@
@
27*
©
@
@
36
42
36
@
32
63
@
24
19
18
16
26
72
@
@
@
@
.50
30
22
17
45
MOLASSES—
NewOrl’nt g’d to choicenew
Porto Rico
Cuba Muscovado
Cuba Clayed
Cuba centrifugal and mixed
* gall
English Islands—
“
8
3 12
@
8 25
..
pale
3 25
@
@
@
@
0 75
3 jij.1*
2 85
3 75
4 00
@
13*
....
pale
@
....
V gall
No. 1
No. 2
extra
@
2 C5
2 90
2 80
3 25
3 75
@
NUTS—
Filberts,Sicily,
new
Barcelona
Brazil nuts new
Walnuts, Bordeaux
Pecan nuts
Hickory nuts
do
8
^ bush.
"Wilmington
A’monds, Languedoc...
do
Tarragona
do
^ ft.
©
....
,
Chestnut1-Peanuts. Virginia
do
do
do
@
1 7o
5 50
1 25
1 25
@
@
@
@
”'8*
'"7
1
6
2
1
20*©
Iviea
.
22
English blister, 2d* 1st quality
9*@
14 @
10*
American blister
American cast, Tool
American cast spring
18
19
Sicily
s*
]V*
16^@
Shelled
OAKUM.7
31
» ft.
8
87
03
00
75
@
©
33
@
American machinery
American German spring
10*
OH* C4KECity thin.oblong,in bbls. .Vton.gold
Western thin oblong, (dom.) ...cur. 35 50
OILS—
Olive, in csks V gall
Linseed, casks an 1 bbls
cotton seed Crude
^fe^)haden. prime lighr
Neatsfjot
.
Cuba,inf.to com. refining
do fair to good refining
do prime, refining
do fair to good grocery
do pr. to choice grocery
do centrifugal,bhds. & bxs
Molasses, hhds & bxs. ...s
@
1 20
@
^
33
S5
70
63
©
91
41
35
1 70
©
©
@
©
@
©
*40
1 73
68
Crnde.ord’e grav., in bulk, # gal.
Crude in bbls
Refined, standard white
Naptha
12Y@
8*©
PROVISIONS—
Pork mess ^ bbl (new)
Pork, extra prime
Pork, prime mess city
Beef, plain mess
Beef, extra mess (newt
Beef hams, new
...
ft lb
Lard
14 09
13 50
17 75
4 00
10 03
21 00
13
9
Rico,refining, com- to prime.
grocery, fair to choice..
Brazil, bags, D. S. Nos. 8 to 12
-
9*@
9 ©
<-85(@
9*
9*
:*2
[do
Yellow
7*
TALLOWAmerican V !b
27 @
35 ©
55 @
20 @
35 @
65 @
33 @
53 @
R2 &
28 @
40 @
65 ©
16 ©
22 ©
©
80 @
45 ©
65 ©
23 ©
*2 ©
78 ©
20 ©
35 ©
f8 ©
cur.
do
Superior to
do
Extra fine to finest
Young Hyson. Com. to fair
do
Super.to fine
do
Ex. fine to finest
Qunpowder, Com to fair
do
do
Snp.toflne
Ex. fine to finest
Imperial. Com . to fair
i.o
Sun. to fine
do
F.xtrafine tofinest
Pvson Skin. & Twan-.. com. to fair.
do
do
Sap to fine
do
do
Ex. fine to finest
8up’rtotlne
Ex.fine to finest
Oolong, Common to tair...
Superior to fine
do
Ex fine to finest.
do
Bone.* Cong.,Com. to fair
do
Snn’rto fine
do
Ex. fine to finest
do
do
Tan™
Seed leaf,
»4
(newerop)
9
Carolina....
6*@
7*
75
16
20
20
bush
V Back.
.
32
1 25
@
@
©
35
85
8 00
©
©
43
©
40
©
©
©
@
©
©
52
40
27
27
25
19
27
32
26
25
17
unwashed
Medium
Merino unwashed
Hope, unwashed
-
8myrna,unwaJhed
....gold.
27*
‘"6*
00
9 75
8*
15
55
9
60
1 10
25
45
n
47
58
45
SO
©
©
34
©
©
33
32
19
©
10
Sheet
FREIGHTS—
—
To Livkbpoou:
Cotton
Flour
18 bbl.
Heavy goods. .IP ton.
Corn.b’lk&bgs. V bu.
Wheat Lulk * hags..
Tork
1 CO
35
55
32
28
22
31
©
©
©
ZINC—
Oil
SALT-
©
©
25
bright work
medium...
©
@
18
5
WOOLAmerican XX
American. Nos. 1 & i.
Fine.
@
7*©
...
Pennsjdvania wrappers. ’71
“
43
70
© 10
3 50
9 50
Conn. & Mass., tillers, ’^2.
wrprs. ii.
44
••
80
30
55
95
32*
27*©
* box “
50
@
32
Plates/L C.cbaTcoal
Plates,char. Terne
85
...
lair
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6*@
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Hard, granulated
do powdered
Soft white, A standard centrif...
Cape Good
Texas, fine
@ 12 00
@ 22 50
9
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8*
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Liverpool, various sorts
9*@
9*@
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8*
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PETROLEUM-
7H
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do
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72
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do
do 10 to 12
do
do 13 to 15..'.
do
do
do •
do 16 to 18
Ho
do
do 19 to 20
leaf,
pg
wnale,bleached winter
Whale, Nort hern
Sperm, crude
Sperm, bleached tvi iter
Lard oil, prime winter
Hams, pickled
9
SUGAR—
TOBACCO—
Kentucky lugs,heavy
1 17
89
11
12
11*@
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@
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@
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ilyson, Common to fair
NAVAL STORES—
Tar, Washington
Tar, Wilmington
Pitch, citv
Spirits turpentine
Rosin, strain’d V bbl
“
173<@
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Hemlock. B. A
“
94
English, spring,2d & 1st quality
© 48 00
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87*©
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1 80
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STEEL-
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Store Prices.
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00 @132 50
50 @157 50
17 @
ig
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62 00
00 @ 70 00
....
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93*@
Whiskey
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@ 30 t)0
16
LEAD—
6*@
@
@
7 S7*@
ft
....
v 1* -
8*
18
GUNNIES.—See report under Cotton.
@
7^@
Peaches, pared new, Ga. & N. c
do
unpared, halves & quarters
Cherries, pitted
62*
2 45
12*
.
Macaroni. Dalian
Domestic Dried—
do
19
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@
5*@
Dates
Sardine, ¥ nr
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30
10
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8 00
6 50
7 25
Ginger, African
-
“
28
10
.7.7.
.
Englisb, cast,2d*lst quality
20
Pig, American, No. 1
Vton. 30
Pig, American. J.o. 2
26
Pig, American Forge
...25
Pig, Scotch
33
Rnr, tefined, English* Ameiican
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n
do
Cassia
....
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@
@
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8X
2 35
1 90
2 30
7 75 @
6 90 @
6 75 @
5 25
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Pepper, Sumatra..'
11*
13*@
@
@
SPICES—
IS
17
14
$ a
Gin,Swan and Swallow
Cropof 1873
Crop of 1872
Cropofl871
Crop of 1870
7
30*
41*
23*
2 75
2 25
1 80
V 1001b,gold.
Plates, foreign
Plates domestic
24*
24
8jJ
SPELTER—
....
HOPS-
4*
....
....
Ginseng,Southern
Rhubarb. Chins,goo 1 to pr
Sal soda,Newcastle
8hell Lac, 2d & 1st Eng
6
63
54*@
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2 3-16
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3
2*@
@
“
Mtdder, Dutch
Madder,Fr. E.X.F.F
Nutgulls.bine Aleppo
Oil vitriol (66 degrees)
Opium, Turkey,in bond
Prassiate potash, yellow
Quicksilver
32*
3*
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“
Jalap
Lac dye, good & fine
Licorice paste, Calabria
Licorice paste. Sicily
22
©
2*@
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Gambler
Ginseng, Western
@
@
37 00
Vft.
gold
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gal..
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13*
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goid.
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Arsenic, powdered
Bicarb, soda, Newcastle
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Bleaching powder
Brimstone, crude, * ton
Brimstone, Am. roll
Camphor, ornde
@
@
—
Union, cropped
Oak. rough
Southern
DRUGS & DYES-
18
14
17
13
13
11
“
Pipe and sheet
&
@
@
&
@
@
@
@
@
17
—
E. I. stock—Calcutta Bl’ght.jHb gld.
Calcutta, dead green
“
Calcutta, buffalo
“
40
38
40
23
Tsatlee, No.3 chop
Tsatlee, re-reeled
Taysaam, Nos. 1 *2
Canton, re-reeled No. 1
14
....
*
Englisn
@
@
24
....
25*
14
fw
@
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SILK—
26
@
@
&
@
&
@
@
"
-.
Spanish,ordinary.
COTTON—See special report.
Montevideo
Corrientes
Rio Grande
Orinoco
California
Maracaibo
Bahia
36
34
86
Sheathing, new (over 12 ozj$ lb
Braziers’(over 16 oz.)
American lngot.Lake
cash.
ao
fUbgoldji 25 @
Dry—Buenos Ayres
IRON-
13*@
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tough.n’ew"’
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HIDES—
2l*@
Bolts
do
do
do
Jute
23*
22*
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COPPER—
•
Sisal
23*
19 *
19
22
gold.
gold.
-.
@
19*@
gold.
goid.
gold.
Laruxyra
@225 00
120 00 @125 00
gold.225 00 @
V lb
10*@
in*
“
c 8*@
8*
“
2*@
4*
Scroll
gold.
Maracaibo
V ton.190 00
....
Bar, Swedes
COFFEE—
Rio Ordinary, 60@90 days
gold.
do fair,
do
......gold.
do good,
do
gold.
do prime,
do
......gold.
Java, mats and bags
gold.
*
eold
SEED—
HEMP
Philadelphias
pure
Crude
.
BREADSTUFFS—See special report.
»
SALTPETRE—
4 25
8 75
...
North
IP M.
1873
*
f
Nitrate Boda
ASHES-
?ot, 1st sort V 100 lb..
[November 22,
*bbl.
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s.
.
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14
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43
40 0
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13
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..
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