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HU NT'S
.
MERCHANTS’
& 3# 11 fe I tj
MAGAZINE.
t «r $ jr a p es,
.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL. 27.
SATURDAY, NOVEMBER 23, 1878.
CONTENTS.
whole
THE CHRONICLE.
The Silve1* Dollar, and How to
Latest Monetary and Commercial
Utilize It
523
English News
?
527
Hw Congress Can Secure a Bless¬
Commercial ’and Miscellaneous
529
News
ing
..
524
Funding Operations of the Treas¬
THE
BANKERS’ GAZETTE.
Money Market, U. S. Securities,
Railway
ray Stocks.
Market,,
Stocks, Gold Market,
Foreign Exchange. N. Y. City
Banks, Boston Banks, etc
-
Commercial
Cotton
Breadstnffs
J Quotations of Stocks and Bonds.. 513
New York Local Securities
534
Investments, and State, City and
530
Corporation Finances
535
.
THE COMMERCIAL TIMES.
Epitome
....
540 |
541
544
Dry Goods
Imports, Receipts and Exports.
515
..
Prices Current
546
547
Site CItroitide.
The Commercial
and
Financial Chronicle is issued
on
Sat ur-
day morning, with the latest news up to midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
For One Year, (including postage)
..
do
For Six Months
Annual subscription in London (including postage)
Sixmos.
do
do
discussion,
we must not
lose sight of the fact
Clearing House banks are private enterprises, in
simply for the reason that they meet the com¬
wants of the people of this neighborhood.
They
our
existence
mercial
compelled to conduct their business with the aim of
satisfying those wants, their object of necessity being to
make money out of the commercial classes here.
In
their policy they cannot go counter to, but must reflect,
the prevailing opinions and desires of their dealers,,
especially on questions affecting the safety of funds left
with them; for, if they do not, they will lose their business,
are
525
ury...
that
NO. 700.
do
as
other institutions will be formed which will conform
to
the ideas of the New York
public, with regard to safe
banking, and obtain the great body of the deposits.
Now these
IN ADVANCE:
$10 20.
0 10.
£2
Os.
1
7s.
are
such evident
truths
that
it
seems
almost unnecessary to repeat them.
But when we read
in some of the best papers of our land, propositions for
“Congress to force” our financial institutions into tak¬
ing eighty-five cent “ fiats”—or for distinction call them
London Office.
mandats”—on deposit equally with gold or its equiva¬
The London office of the Chronicle -Is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
lent and pay them out when they choose to their
Advertisements.
customers on their checks in return for
Transient advertisements
gold or its equiv¬
published at 25 cents per line for each insertion,
but when definite orders
given for five, or more, insertions, a liberal dis¬ alent
deposited—when we see propositions like these
count is made.
No promise of continuous publication in the best place can be
given, as all advertisers must have equal opportunities. Special Notices in
made in such quarters, the reviving of elementary princi¬
Banking and Financial column 60 con's per line, each insertion.
dana,
t
WILLIAM B. DANA & CO., Publishers,
ples appears necessary. Congress can no more force our
FLOYD, JR. f
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
New York banks into any act against the demands of the
commercial classes here than it can regulate the price of
flT a n^at file-cover is furnished at 50 cents; postage on the same is 18 9
Volumes bound for sibscribers at $1 50.
cents.
To be sure, most
8^° For a complete set of the Commercial and Financial Chronicle— gold by statute, as it once tried to do.
July, 1865. to date—or of Hunt’s Merchants’ Magazine, 1339 to ls71, inquire of these banks are at
present under the United States
the office.
law, but this is so, not because in the existing condition
THE SILVER DOLLAR AND HOW TO
of things there is any special inducement for their
UTILIZE IT*
remaining within the national system, but because they
A singular misconception appears to prevail in some have not yet changed.
They desire no currency and no
quarters with regard to the position our city banks hold, other privileges from Congress, and would only need a
and the nature and effect of their action on the silver- very slight impulse to re-organize under our State law,
dollar question. The Cincinnati Commercial, in referring which is so framed as best to facilitate the
change. It
to the subject, speaks of the banks as attempting by their is
possible that in accordance with these threats vexa¬
action “ to repeal the law of the land;” while the tious legislation will be attempted at Washington ; but
Chicago Tribune calls it an effort “to force an exclusive it can effect nothing except it may be to induce the
gold standard upon the country A’ These and other soundest and most conservative of the banks to re-or¬
remarks in some of our more prominent journals so ganize as suggested, and to check enterprise by
making
totally misrepresent the situation, as we understand it, capital a little more timid.
/
that it seems to be desirable to state briefly the relation¬
All this bitterness against banks and bank presidents,
ship of the banks and the people and the Government, however, only serves to obscure the real question. The
severally to this dollar, and to one another in respect to truth is—and here is the heart of the matter—these
it, and how, under the bank propositions, the dollar can institutions and their officers, as we have before intimated,
be fully utilized.
had no option as to the action they should take. In the
As a first consideration, and running through the first place, depositors would not have acquiesced in
any
other decision, as these officers well knew. All along, the
In the last paragraph of our article last week, headed “How it will
Work,” there was a typographical error in the date of the statute referred to, banks have had
special gold deposits, and now the simple
it being printed “ the act of 1838,” instead of “ the act of 1878.” Tke correc¬
tion
evident that probably no one misunderstood the intention.
change made in this particular is, that hereafter greenSubscriptions will he continued until ordered stopped by a written order, or
publication office. The Publishers cannot be responsible for Remittances
at 'he
unless made
by Drafts
or
Post-Office Money Orders.
“
are
are
william b.
JOHN G.
at
“
*
was so
524
THE CHRONICLE
hacks will be admitted
to
one
be
equivalent
into the
^conclude to
to
to the same
level, because they are
They are exchangeable, the
gold.
other, at the Sub-Treasury.
adopt the
same
rule: the
So
our
Treasury
banks
goes no
further—that
is, it will not give gold for silver—and
Depositors, therefore, could not
consent to put into a bank
gold or its equivalent, and
run the risk of
receiving silver, which is a dollar simply
and solely on the mandate of the Government.
Sup¬
pose a New York merchant wished to pay for a bill of
goods imEurope, and drew his check to buy his exchange
neither will the banks.
and had silver tendered
on
the check.
The reader
can
easily see that business could not be conducted on any
such possibility. And yet the banks, if
they receive silver
in common with gold, must
pay it over their counters
whenever they have a surplus.
Furthermore, as the
coinage is going on rapidly, the condition of to-day is
not the only one a prudent manager must
provide against.
Let the policy these silver advocates desire be
adopted
and the dollars multiply at the regulation
rate, even if
in a year or two they should not become,
outside of
banks, as numerous as snow flakes in winter, they would
inside of them, because
they are so bulky and incon¬
venient, everyone having a deposit to make would be
sure
to include all the silver he had
on
hand.
As
a re¬
announce
fVcL XXVII.
that
they will return to each depositor what
deposits. If he deposits gold or greenbacks, they
will let him have which he
chooses, because the two will
then be
interchangeable at the Treasury. This is the
exact system that prevails
now with regard to gold and
gold certificates, and for the same reason. If he deposits
silver they will let him have silver,
precisely as they now
return to a man greenbacks when he
deposits green¬
backs. In other words, they have
always made a distinc¬
tion, giving value for value, and they do the same in the
he
future.
There is therefore
nothing
new
and
in the system;
furthermore, there could not be a plan devised
more
just than to return to each depositor what he
leaves with them.
The other feature of the
policy
adopted is also a simple continuation of the present
practice as to loans, 'lhat is, hereafter when the banks
lend gold or greenbacks,
they will require payment in
gold or greenbacks ; when they lend silver—if they do
lend any—they will require
payment in silver. At
present, as everyone knows, there is a similar distinction
existing in the cus.tom relative to loans of either gold or
paper; the same value borrowed must be returned, gold
for gold borrowed, paper for
paper, and silver for silver.
No one has thought the practice a
hardship in the past.
In fact, it has not only been a
great convenience, but
sult, each merchant desiring to draw five hundred dollars without it our facilities for
carrying on our external
or more, would then be
compelled to send a cart with his commerce would have been greatly lessened.
It was a
check, for these institutions would necessarily push it out necessity of the
situation; and so, we believe, is the pres¬
as fast as it came in.
Who thinks New York City would ent action.
But, says the objector, the silver dollar is a
endure such a state of things?
Perhaps Chicago would; legal tender, and any debt can be paid with it.
Perhaps
we leave the Tribune to speak for its own
this is so. If it is, and you think such a course will be
people.
But this is not the worse phase of this
question. A just, all you have to do is to tender it ; the action of the
far more serious one is the fear of the effect on values if
banks cannot deprive you of any legal
right. Thus we
the banks were to adopt the opposite course.
The man¬ see, nothing new in principle has been done. The same
agers of savings institutions, life and fire insurance com¬
practices heretofore ruling have simply been adapted to
panies, &c.9 have seen their best assets shrink fifteen per the changed condition which is
expected to exist after
cent and upwards under the process of
raising their trusts the first'of January.
up to the gold level.
They are large depositors in the
Our subject has already occupied so much
space that
Clearing House banks, and otherwise so connected with little room is left for discussing how the silver dollar
them that they must rise and fall
together. Our mer¬ may best be utilized.
We may say briefly, however,
chants and manufacturers, also, have suffered in a similar
that no plan appears to promise success, under the
manner and under the same
are
process. All
now safely
present condition of the silver question in Europe,
planted on a gold basis. If the Clearing House banks, which does not include the
restricting of its coinage.
however, should take and pay out silver and gold promis¬ Limiting the issue and
letting the dollars fill the place
cuously, they would soon find only the silver coming back; now occupied by the smaller Government
notes, as a
in time their whole deposits would thus be let down to the
species of subsidiary currency, seems to be the only
silver level and we should finally find ourselves
trading feasible resource. As a further help to their free circu¬
on a silver
basis, with all assets, both personal and cor¬ lation, the Government might offer to redeem them in
porate, measured by that standard. Now it makes no gold at the Sub-Treasury in sums of ten
dollars, but m
difference for the purposes of this
argument whether the no greater amounts.
This privilege would give confi¬
silver advocates agree or do not
agree with us in this dence without probably being ever
largely used. Under
position. It is sufficient for us to state that this is such circumstances it is reasonable to
expect the coin to
almost the universal opinion, among the classes
named, at increase in favor, the people becoming accustomed to its
this centre; and being such—whether
right or wrong— weight, and, through constant use, that feature grow¬
they would require the banks they patronize to do as ing to be less of an objection ; for the dollars
being
our banks have done.
The fear of such a disaster acts needed and
being widely distributed,., would never
as
strongly as the disaster itself, in leading to the adop¬ accumulate to a burdensome extent at
any single point.
tion of any precaution.
And hence, we say again, these We have not the space to enlarge
upon these suggestions
bank presidents had no option;
they must do what at present, but we believe they contain the main features
they have done, or others, more capable of appreciating of any successful plan which can be made for
utilizing
the situation, would take their places.
these silver tokens.
What have they done, then?
There is danger of
our
entirely misapprehending their action, judging from HOW CONGRESS CAN SECURE A BLESSING.
the newspaper comments, for in them it is claimed
The next session of Congress will meet under circum¬
that the act of Congress has been nullified.
On the stances se peculiar as to call for the largest exercise of
contrary, the truth is they propose no change in prin¬ forbearance and moderation. Rarely has there been a
ciple from their present policy, simply applying to the session when it was within the limits of
practicability to
altered circumstances after resumption, the
system which effect so little good, and so much mischief, as now.
has worked so well before it. In the first
Of course, the thoughts of the entire
place, they
country centre
■ w m
l^TnTTl ■ ———
November
23, 1878.]
THE CHRONICLE.
upon the operation of the Resumption act and the rela¬
tions the session may bear to that. As to this subject,
discussion of the merits of the act itself is now utterly
out
of date.
It has been
already executed, in the sense
making preparation. Whether it caused any contrac¬
tion; whether there has been any contraction at all 5
whether that contraction, if there has been
any, has
wrought any harm; whether it was possible to get back
to the specie basis without it—all these and
many simi¬
lar questions will, we trust, be allowed to rest.
Good or bad, the act has done its work thus far, and
there is now no justification for any interference with it.
Say that it has been ruinous already, what it has done is
past and beyond restoration; all that remains is to
receive the benefit after having paid the price.
Say
that there is no benefit to be received, and that the
price has been paid in vain, leaving no question except
how much longer the mischief is to be permitted; even
on
this extreme anti-resumption ground, we remind
those who take that ground that human judgment is
fallible and they may be mistaken. If they
deny their
own fallibility and are sure they are not
mistaken, then
we appeal to their
respect for the Anglo-Saxon idea of
fair play. They oppose the act, assert that it will fail
and expect to see it fail, and then to be able to
triumph
in their fore-knowledge.
It is not fair play to dampen
fuel and then condemn it for not burning; to tie a man’s
of
525
difficult.
Moreover, if their zeal for silver is prudent
and sincere, they must see that what this
country can
do alone on behalf of that metal is as
likely to work
more
against as for its re-adoption in use; at least, that our
solitary action can be only insignificant compared with the
concurrent one which we
might do much to initiate but
are now
doing much to discourage. There is nothing to
lose, but much to gain, by receding from such a position,
and the silver men should be
willing to call a halt in a
course which has so
plainly disappointed their expecta¬
tions. To promptly suspend the
coinage of the silver
dollar by joint resolution is the one
step which Congress
should not omit to take.
In currency matters, nothing more than this need be
considered. As to general business, there are
many
subjects needing attention. The revenue laws are
faulty all through, but the lesson of last winter’s error
of attempting to do much at once in revenue reform is
significant. A second session is ordinarily not the one
to deal best with so large a
subject, and the times are
unpropitious for much positive legislation.
Business
interests have been so long distressed between troubles
already had and the fear of uncertain ones to come, that
what is most imperatively needed for a while is
stability
and quiet; bad as our strictly business laws
are, they are
ills tolerably well understood, and it is better to bear
them longer, until business recovers more
strength,
arms and then censure him for not
than
to
harass
it
working; to hamper
by further uncertainties about the
the operation of a law and then proclaim the law a future.
Let us have quiet and stability—the
opportunity
failure.
The slightest consideration for fair
to feel that all except the
dealing
ordinary and somewhat calcu¬
requires the opponents of the act to give it a chance by lable uncertainties need not be feared before 1880 at least.
letting it alone, by remaining passive spectators. There If the present session can initiate measures of inquiry
is another reason for urging this: no interference,
by all and preparation which, in some such manner as pertains
reasonable probability, can be made effectual
during the to Parliamentary inquiries in England, will give a wellsingle month of December; neither repeal nor alteration founded promise of reaching intelligent and practical
can prevent the beginning of its enforcement.
Hence conclusions, it will do all in its power for general
/
opposition will be disturbing and useless. It will not business.
only tend to impair public confidence, but will need¬
Taking this view of the situation, the duty of Congress
is
lessly retard the business of the country.
mainly negative. Particularly, let subsidy schemes,
The majority which passed the Silver bill
however
disguised under the phraseology of so-called
may, how¬
ever, most properly make a common-sense examination commercial conventions, be sternly discouraged; gener¬
of the position with respect to that scheme.
Waiving ally, let nothing disturbing be done or threatened—let
just at present the relations of silver to resumption, and the country be assured of freedom from agitation and
all consideration of the much-vexed subject of mone¬ suspense. After all these
long years of strain and hope
tary standards, it is certain that the act was passed, deferred, the country has reached the belief that next
avowedly, to accomplish a purpose which it has gone year will settle the currency trouble—which has been
wide of accomplishing.
Its repeal is not necessary like an intermittent fever in the system—and bring in a
now; the .proper course is to assume a position of better time of prosperity.
That this expectation will be
masterly inactivity by suspending its operation. True, realized, there is no reason to doubt, provided Congress
this would be to admit having been in error, but the can be induced to refrain from
meddling, by quack
error is
medicines
of
already demonstrated. The bill proposed to
statute, with the natural process of recovery.
Left
remedy a great wrong done in 1873, but the country
alone, confidence will revive and all industries stir
declines to accept the redress. It proposed to increase once more. The suggestive fact that
everything exhibits
the circulation, but the circulation has not been ma¬ uneasiness while Congress is in session, and
relief as soon
terially increased. It proposed to restore a coin which as it adjourns, should be accepted by that body as a
the people wanted, but the people have refused to take sharp satirical criticism of the
presumption which has
that coin. If the coinage goes on, there is no benefit hitherto seemed unable to let
anything work without
anywhere, unless to the mine-owners. There is no poking at it, to quicken or improve it. Give the vis
increase of currency; the people do not get the dollars; medicatrix Naturae a chance. Let Congress be as con¬
debtors derive no advantage; there is only a further templative, as philosophical, as comfortable, or as
any¬
accumulation probable for some months to come, and to thing else, as it likes; but for the present at least, let it
say that this increase of stock will commend the coin to be distrustful of itself first and leave this sore-vexed
popular use is like saying that a person who has no country to rally its strength in peace.
appetite will be tempted to eat by heaping up food on
his plate. On the other hand, if the advocates of silver FUNDING OPERATIONS OF THE TREASURY.
are attentiTO to the interests of the
country, they must
During the past week the Treasury has made its
see that it is most unwise to
go on alone in this difficult seventy-second call for five-twenty bonds.
In view of
matter, which older nations refuse to risk touching, and the fact that the country, after a long climb up the
that such a course only makes international concurrence hill over hard
obstacles, is how at the accomplishment
,
]
526
of
THE
a return to
CHRONICLE.
[VOL. XXVII.
the
specie basis, it will be interesting to of four months in the dates; and the call issued this
past
brielly that progress as shown by the calls for week followed a break of two
months, during which the
bonds, inasmuch as those, since the beginning of active campaign of the
year was fought out; so, too, duiing
preparations by the Treasury, serve as tolerable mile¬ the silver disturbance in the last session of
Congress,
stones to mark the road.
And, as a matter of record, it there was a suspension of calls. We do not
say that the
may be worth while to present a schedule of the entire connection between these
campaigns and the interrup¬
oalls under the act of July
12, lSVO; we therefore sub¬ tion of calls is so close as that between cause and
effect;
join the list, by number, date and amount, giving also there were other reasons for these
breaks, but it seems
the current price of
gold.
reasonable to conclude that
any disquiet from a political
No. of
No. of
Call. Dale.
Amount.
Gold.
Call. Date.
campaign,
or
from
Amount.
Gold.
any currency agitation, has acted to
1871.
$
1877.
$
suspend
these
bond
operations. Particularly, during the
1
Sept. J.- 100,000,000
112% 37
Jau. 10
10,000,000
10578 last
2
Doc. 7
session,
there
was
a specially large return of bonds
20,000,000
1095Q 38
Jan. 26
10,000,000
106*8
3
Dee. 20
108% 39
20,000,000
Feb. 16
10,000,000
105'"a from abroad—with which the silver
agitation had much
1873.
40
Feb. 28
10,000,000
104% to
4
Mar. 1
50,000,000
1145b 41
do—and, of course, that was just so far a reduction
Mar.
3
10,000,000
104%
5
June 6
review
;
*
20,000,000
117%
11478
42
Mar. 10
43
108*6
44
Mar. 15
Mar. 27
46
14
Feb.
1
15,000,000
113%
15
Mar.
53
1
5,000,000
114%
16
Mar. 11
54
30,000,000
July 27
3
55
Dee.
6
5,000,000
5,000,000
115%
115%
115*2
Aug.
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
15,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
102%
56
5.000,000
116
April 30
May 6
May 22
5,000,000
5,000,000
5,000,000
5,000,000
100*6
100%
100%
100%
G
Aug. 16
7
Nov.
1
15,000,000
5,000,000
1874.
45
■8
June
3
5,000,000
0
June 12
1,000,000
25,000,000
11
Aug.
Sept.
1
1
15,000,000
1115s
11078
109%
1095s
12
Oct.
1
10,000,000
110
Nov.
2
5,000,000
10
13
110%
1875.
47
48
49
June 11
50
July 5
July 16
July 19
51
52
17
April 20
18
May 1
May 15
10
Apiil 5
April 5
May 21
May 28
20
June
21
June 24
!22
1
57
116%
117*6
114%
113*8
1
1
17
10,000,000
8,000,000
5,000,000
5,000,000
5,000,000
11278
114*6
114*6
115%
116%
66
58
5,000,000
100%
61
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,0u0,000
100*2
100%
100*2
100*2
100*2
100*2
100*2
100%
100*2
100*2
100%
100*6
5
Oct.
1
20
Nov.
1
10,000,000
1157s
30
Nov. 15
67
31
Nov. 15
12,785,350
6,000,000
114%
114*8
69
32
10,000,000
1097s
71
10,000,000
10,000,000
109%s
109%
109%
72
Nov. 16
35
Sept. 1
Sept. 6
Sept. 12
Sept. 21
36
Oct.
1876.
33
34
62
63
64
65
68
70
10,000,000
10,000,000
6
1874, 61
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
r
109%
It appears from the above that
called in 1871; in 1872,
in'
105*6
June
27
26
13
105%
105*6
105*2
June 20
•28
25
106%
106%
104%
105%
59
July 11
July 17
July 23
July 30
Aug. 5
Aug. 7
Aug..10
Aug. 16
Aug. 26
Sept. 4
Sept. 16
24
104%
60
July
July
Aug.
Sept.
Sept.
Sept.
23
104%
104%
104%
1878.
10,000,000
5,000,000
10,000,000
14,897,200
14
28
104%
140
millions
were
nothing; in 1873, 90 millions;
millions; in 1875, 1654 millions.
On
August 25, 1876, Secretary Morrill made a contract
with
the
Syndicate for 300 millions 4£ per cents, 40
being taken positively, and the remainder being
optional up to the 4th of the following
March; calls
then began, and amounted to 50
millions in 1876, and a
millions
further
50
millions in 1877
up to
present Administration.
were made
during 1877,
there
of
the
Under Mr.
incoming of the
Sherman,
14 calls
aggregating 145 millions; then
was a
pause until after his memorable
negotiation
50 millions of
4£ per cents with the Syndicate, for
of the power
Of course,
of the home market to take new bonds.
this refunding has been vastly assisted by
the financial dulness all over the
world; but it is still
emphatically true that the process has been aided by the
improvement of the public credit. Upon this improve¬
ment, as aided and proved by the progress of
prepara¬
tion for resumption, we have
already commented more
than once, and it is shown
plainly by the course of gold.
During 1876—the second year of the Resumption act—
gold visibly began its decline, and during the last
months of 1877, in the
presence of the workings of
Treasury accumulation of coin, it went below 103; this
year, as everybody remembers, while the
Treasury has
been preparing for
resumption by selling bonds for gold,
and, on the other hand, has been continuing the work of
refunding, gold has. maintained an almost invariable
nominal premium.
Fiat resumption is as unreal aad im¬
possible as fiat money is; the Resumption act could
no more
accomplish the one, by the mere force of enact¬
ment, without preparation, than a new act can
put value
into the latter.
The
gold premium melts away, and the
paper promise rises close to par, because of the
public
faith that the promise will be
kept; the public have that
faith because—and
only because—they see that the
money to pay with has been provided.
The explanation
is as simple as the
process itself has been healthy and
natural.
The process could not be effected at a
bound;
it must be gradual, like the
preparation which produces
it.
No better lesson of the utter
insubstantiality of all
schemes for creating value
by legislation could be read,
and if only this lesson is learned so
thoroughly that the
American people can never
forget it, under any circum¬
stances, it will be worth all its cost. Once out of this
terrible subjection to irredeemable
paper, without the
lasting convulsion which has been the hitherto almost
invariable price of escape from
it, the people will
never again risk the
venture, and the Government will,
we
believe, finally retire from the business of “ making ”
money and regulating the finances.
resumption purposes, on the 11th of April.
April 30,
were
renewed, and 17 have been issued in this
year, of 5 millions each,
aggregating 85 millions. The
U. S. Registered Bonds—Books
total from the
following cir¬
beginning is: in 1871, 140 millions; 1873, cular has been issued by the SecretaryClose.—The
of the Treasury :
90 millions;
Hereafter the books of this
1874, 61 millions; 1S75, 1654 millions;
department will be closed to the
1876,
transfer
of all the registered stock, whether held
50 millions;
1877, 195 millions; 1878, 85 millions; grand United States, of the 5 per cent funded loan of abroad or in the
1881, 4£ p*r cent
funded loan of 1891, and 4
total, 7864 millions.
per cent consols of 1907, as follows:
Five
cent 1881s, on the evenings of the last
We give this
days of
complete schedule as a matter of record, December,per
March, June and September.
and are
Four-and-a-half per cent 1891s, on the
mainly concerned just now with the suggestions
evenings of the last
days of January, April, July and October.
derivable from the more recent
portions of it; but it is
Four percent 1907s, on the
evenings of the last days of Feb¬
interesting to note—what can hardly be a mere coin¬ ruary, May, August and November.
And re-opened as follows: Five
cidence—the fact that there has been a
per cent 1881s, on the
suspension of of the first of February, May, August and November. morning
calls during the political
Four and a half per cent
1891s, on the morning of the first of
campaigns. In the Presiden¬
the calls
“
“
“
“
“
“
tial year,
and
a
1872,—with, however,
pressure%of loans of
an
active money market
high promise offering—
refunding was entirely suspended, as respects
issuing
calls; in 1876, the Syndicate negotiation seems to have
made an exception to
this; last year, there was a break
March, June, September and December.
“Four per cent 1907s, on the
morning of the first of April, July,
October and
“
January.
•
If bonds forwarded for transfer are
not received
prior to the
date for closing the transfer
books, interest checks will be drawn
in favor of the party in whose name
the bonds stood at the clos¬
ing, and the assignee must look
interest for that quarter.”
to the
assignor for the accrued
November 23, 1878.
THE CHRONICLE.
|
fttmictavrji ©ummerctal gtirjIlsR 2Xcurs
R4TB«Otr 8YCMAN(»K If LONDON AND
A'r
jkXGHANoe AT
LATEST
LONDON-
«*r*
LONDON
DATVCK.
*
EXCHANGE ON LONDON
NOVEMBER 8.
LATEST
ON—
TIMS.
Paris
short.
3 mos.
Paris
Berlin
tt
a
Hamburg
Frankfort
Antwerp
Amsterdam.
(A
....
Amsterdam
Vienna
Genoa
t%
..
...
short.
3 mos.
A i
tt
Naples
St. Petersburg.
...
Cadiz
Madrid
Lisbon
New York
At
tt
t»
..
.
....
Alexandria....
Bom nay
90 days.
60 days.
25.26% &25 36%
20.72
@20.77
20.72
@20.76
20.72
@20.76
25.57J4@*5.62J4
12.2
@12.3
12 4% @10%
12.(0 @12.05
28.17% @28.2**4
28.17% @28.22i/2
22%@»2 %
46H">46%
*6%@46%
5114 0*51%
days
it
Hong Kong...
tt
8banghai
tt
DATE.
25.47% @25.5.'%
3 mos.
60
Calcutta
RATE.
•
•
U.
Is.
•
•
7Md.
7\\d.
Nov.
onr own
RATE.
short.
25.28%
....
Nov.
Nov.
Nov.
N ov.
Nuv.
8.
short.
6.
8.
8.
8.
3
20.46
20.46
mo-.
thort.
20.46
tt
i5.3^%
At
12.05
Nov.
8.
8.
Nov.
•
•
•
3 mos.
short.
•
•
•
•
117.20
V7.45
•
...
•
•
®
©
e
....
Nov.
8.
Nov.
6.
Nov.
Nov.
7.
7.
60
3
6
bullion
follows:
Fer cent. |
6
Bank rate
,.
Open-market rates:
30 and 60 days’ bills
months’bills
The rates of interest
days.
4.80%
mos
95%
mos.
tt
6.
At
6.
At
discount houses for
Open-market rates :
Per cent.
4 montne’ bank bills
4%@5
1
6 months’bank bills
4%@5
4 and 6 months’ trade bills. 5 @6
5%@5%
5%@5% !
j
allowed
deposits
are
Is id.
is.
7yxd.
ds. 9 Md.
5s. 3d.
correspondent.!
of opinion that tbe process of recovery must be slow.
As far
tbe trade of this year is concerned, there can
scarcely be any
chance of improvement. Only about seven weeks have to elapse
before the year will terminate, and in that brief period mer¬
are not
are as
of
....
are
chants
£10,G30,204, against £9,640,427 last year ; while thein both departments is £25,553,029, agaiusf
£22,278,557 in 1877. “Other deposits,” however, are still as
much as £26,829,269, against £20,596,694 last year.
Until tbe publicatioa of tbe Bank return, the mon°y marketshowed distinct signs of returning ease ; hue the movement dur¬
ing the last two days has been arrested. The directors of the
Bank have made no change in their rate of discount, which
remains at 6 per cent ; but it is understood that the charge for
advances is reduced from 8 to 7 per cent.
The French are still
buyers of bills, and business is reported in three months’ drafts
at as low a
figure as 4$ per cent; but the more general quotationsetock
3
...
London, Saturday, November 9, 1878.
A hopeful view is still taken of the future, but even
optimists
as
amounts to
....
Nov.
Nov.
LFrom
8.
TIME.
527
by the joint-stock banks and
subjoined:
Per cent-
Joint-stock banks
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
Annexed is
4»,4
4x
4%
:
*
4%
showing the present position of the
Bank of England, tbe Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of middling
upland cotton, of No. 40 mule twist, fair second quality, and the
Bankers’ Clearing House return, compared with the four pre¬
a
statement
vious years:
1573.
1877.
1876.
1373.
1874.
Circulation, including
£
£
£
£
£
bank post bills
30,-223.829 28,060,056 26,874,718 28,5’3.10O 27,180.00)
Public deposits
3,3S9,779
3,721,964
5,666,471
3,223,589
3,396,OiO
Other deposits
26,829,239 *20,596,694'27,393,442 20,209,963 19,316,(;CO
Government securities. 15,187,612 14.496,604 16,308,223 11,811,695 13,541,000Other securities
22,129.592 18,256.916 16,533,545 1‘9,613.10S 18,183,000
likely to extend their operations. They would do
certainties of success, but it is felt that the
time has not yet arrived for a departure
from the prevailing policy
Reserve of notes and
of caution ; and, as some additional failures have taken
place this
coin
10,636,201
9,640,427 18,200,927 10,024,459
9.037,0.0
week, to enter into business of any magnitude would be, to say Coin and bullion in
both departments
25,553 029 22,278,557 31,703,867 23.189,799 20,824,000
the least, injudicious.
But, although additional failures are Proportion of reserve
to liabilities
34*84
33*95
54*45
reported, it may still be very justly contended that the suspen¬ Bank-rate
6 p. c.
5 p. c.
2 p. c.
4 d. c.
4 p. c.
sion of the City of Glasgow Bank has not been attended
y5%
96*8
96
945*
93%
by very Consols
English wheat,av.price 39s. Od.
53s. Sd.
48s. 2d.
41e. 5d.
47s. Gd.
disastrous results to the country at large.
A considerable sec¬ Mid. Upland cotton... 5 ll-!6d.
6%d. 6 15-tod.
7 ll-16d..
6 5-16d.
9d.
tion of the community, especially in Scotland, has suffered a No. 40 mule twist
)0%d.
10%d.
Is. Cd.
Is. 0%d.
Clearing House return. 79,695,003 94,893,103 91.157,100 99,119,000 92,070,1)60
great calamity, and the whole trade of the country has, to a cer¬
The Continental exchanges are lees favorable to us, and the
tain extent, been suspended.
But yet the impression still arrivals of
gold from Paris have fallen off very considerably.
prevails that the process of rooting out the speculative business There
is, however, no demand for bar gold for export, and tbe
of the country, as far as its
dangerous aspect and tendency are Bank has gained some small
supplies during the week. Tho
concerned, is a very wholesome one, and it is to be regretted that silver market
has been firmer; but there is scarcely any demand
the collapse did not take place some years earlier.
The Indian for
India, and only a portion of the supply of bills was disposed
papers record the fact5 that Mr. James Nicol Fleming, of the firm
of on Wednesday, tbe price obtained being Is. '7£d. on Calcutta,
of Nicol & Co., of Bombay, wanted to
stop payment as long ago as and Is.
7|d. on Bombay. Mexican dollars have been in demand
1870, and had his advice been followed, the present ciisis would
for the Levant, but there has not been much inquiry from other
have been avoided, and possibly the City of
Glasgow Bank quarters. The following prices of bullion are from Messrs..
would, from somewhat harsh experience, have transacted a busi¬
Pixley & Abell’s circular:
ness of a sounder nature, and more of the character of sound
GOLD.
8.
u.
S. d.
Bar Gold, fine
per oz. standard.
77 9 @
banking. For many years past it has been a standing grievance Bar
Gold, refinable
per oz. standard.
77 10%@
that our Eastern trad9 was unremunerative, and the causes of
Spanish Doubloons
per oz.
73 9 @
South
American
Doubloons.
per oz. 73 9 @
this state of things are now clearly ascertained. The
collapse United States Gold Coin
per oz.
16 3%@
which has taken place should have a good effect; and, unless there German gold coin
per oz. 7o 3*(j0
silver.
d.
d.
are more firms in existence
conducting as unsafe and speculative Bar Silver, fine
per oz. standard.
50%®
a
business, the time should not be long distant when a Bar Silver, con’ng 5 grs. Gold....
...peroz. standard.
.r0%@
Mexican Dol ars
.per oz
49%®
steady and fairly lucrative trade should be carried on. It must be Chilian Dollars
....peroz
49 @
borne in mind, however, that the stocks of goods ahead are
Quicksilver, £3 15s. Od. D scount, 3 per cent.
Annexed are the current rates of discount at- the principal
large, and that it will take some time to work them off; but there
are hopes that cotton will
be cheap, that labor will be obtaina¬ foreign markets :
Bank Open
Bank Open
ble at reduced rates, and that manufacturers will be able to
rate, mark’t.
rate, mark’t.
p. c.
p. c.
p. c.
p. c.
produce goods at a low price. The state of politics is certainly
P;irifi
St. Petersburg
3
6
5
2%
not calculated to give
4
Vienna
T 4% 4%®'%
4%
buoyancy to trade, but the tendency is in Brussels
4
Amsterdam
4
Madrid,Cadiz and Barthe right direction, and this is the best that can be said at
present. Rorlin
5
celona
6
6@7
4%@4%
Lisbon and Oporto....
The principal failures this week have been: Messrs.
5
Knight & Hamburg
Frankfort
5
4%@4% New York
4%@3
Son, of London, Newcastle on Tyne, and Liverpool, liabilities Leipzig
5
Calcutta
3
4
4
4@4%
4@4%Copenhagen
estimated at £100.000 ; Mr. Robert Forrester, coal master of Glas¬ Genoa"
;
Geneva
4%
454
gow, with liabilities estimated at from £100,000 to £500,000 ;
Business on the Stock Exchange has been quiet during tbe
and W. Wilson Ac Co., calico
printers, Alexandria, Dumbarton¬ week, without any very distinct tone, but with a tendency in
shire, Scotland ; liabilities about £80,000.
some instances to firmness.
There is very l-ttle speculation in
This week’s Bank return has been productive of some
disap¬ progress, and investment business is upon a limited scale. An
pointment, caused by the small increase in the supoly of bullion, important feature in connection with the stock markets is that
of only £105,870,
against a recorded influx of £304,000. It is evi- on some of our principal railways, especially those in the manu¬
dent,therefore, that coin is still wanted in the provinces. A favor¬
facturing districts, tbe traffic receipts are declining very
able feature in the return is that the total of “ other
deposits,” or considerably. Those of the Northeastern undertaking show a
current accounts, which include those of the
bankers, has been decrease for last week, compared with last year, of £8,705;:
diminished by £1,481,674.
The banks are, therefore, more London & Northwestern, £3,445; Great Western, £1,937;
disposed to lend, but some persons anticipated a larger decrease. Manchester Sheffield & Lincolnshire, £1,235 ; Lancashire & York¬
The proportion of reserve to liabilities .at the bank is now 34*84
shire, £3,567; Midland, £1 714 ; and Caledonian, £900. The traffic
per csnr, against 33*03 per cent last week.
The total reserve receipts on the southern lines, however, are satisfactory; but a&
so
were
there any
•
,
•
...
.
..
....
....
....
,
....
....
....
.
..
..
.
528
THE
CHRONICLE
regards the northern lines, it is not yet believed that the
•dividends will be impaired, as the
working expenditure has been
much
reduced of late.
Imports of wheat
Since
Northeastern railway shows
Imports of flour
Sales of home-grown produce
midsummer, the traffic on the
falling off of about £100,000, which
a
is
equivalent to one per cent on the dividend ; but this line shows
the worst results.
It is evident that
ample indications exist of
the badness of our trade.
The market for American railroad
bonds has been firm
during the week, and the value of these, aB
well as of Government
bonds, has improved.
higher in price.
Consols
are
Total
Exports of wheat
Egyptian loan.
new
•The
the service of the loan.
are to
The
It is
be
amount is
hoped, if this loan
auccessful, that Egyptian finance will require
The Khedive is
we
may
as a
the
be
much
case
sure
obtaining this
no
vigilant control will
hitherto.
more
nursing.
satisfactorily applied,
be exercised than has been
October, and the
this
week.
October
ten months,
ten months
1876.
1877.
£
1878.
£
£
29,657,517
October
ten months
It will be
last year—a difference of aB much
The following were the
as
cotton manufactured
Turkey
Egypt
..
To Foreign West.Indies
To Mexico
To United States of Colombia
Granada)
To Brazil
To Uruguay
To Argentine Republic
To Chili
To Peru
To China and Hong
Kong
To Japan
To Java
To Philippine Islands
To Gibraltar
To Malta
To British North America
To British West India Islands
Guiana..
(New
1876.
4.762.100
3.160.200
7.228.100
4.585.100
8.441.200
1,245,400
3,926.000
2,042,400
6,066,200
2.988.600
2,085,000
41,879,500
Bombay
9.507.700
7.393.100
4.150.300
2,947,500
2.555.100
928,400
3.633.600
629,600
40.186.800
2.698.700
Madras
Bengal
58.832.800
Straits Settlements
6.274.200
Ceylon.
3,228,810
4.588.700
28.939.200
To Australia
To other countries
Total unbleached or bleached
Total printed, dyea, or colored
Total of mixed materials, cotton
dominating
913,400
3,073,700
29.150.400
1.133.300
1.668.700
To British possessions in South
Africa.
To British India—
9,147,300
253,552,100
85,005,000
pre¬
1,012,600
10.796.400
3,694,800
3,212,400
8,776.600
2.539.200
3.656.400
3.152.800
3,r'53,300
3.526.700
1,036,900
4.520.200
1.300.700
5.405.400
1.697.600
43.144.100
3,066,200
83,674,700
9,230.600
2.261.500
6.494.400
25,990,900
50,879.300
2,794,000
61,381,000
6,052,600
1.687.200
5.712.800
246,429,500
109,834,300
228,250,600
96,732,400
1,659,000
803,100
24,322,400
59,000 quarters, against 48,566
quarters last
estimated
that
in
the
whole
Kingdom they
year; and
were
949.785
5,892,346
7,510,313
1,256,405
23.257,261
45s. 9d.
1876.
1875.
6,928,426
13.790,007
1,802,084
1,312,C31
1,934,168
*
120,010
749,374
4,718,367
1,137,657
Barley
Oats
Peas
Beans
Indian Corn
Floor
19.941
4,056
1,278
62,856
396,835
21,139
31,255
229,693
4,494
4,710
4,854
following statement shows
5.928
2M*i
62,255
2,261
5,0S0
123.402
31,531
7,407
19,174
64,454
2,656
2,299
7,504
3,149
10,759
the extent of
our imports of
Kingdom during the first two
previous seasons, together with
principal countries whence those supplies were derived:
1878.
Cwt.
1877.
Cwt.
2,305,169
4,745,944
940,224
689,713
1876.
Cwt.
2,054,203
3,781,601
1,483,283
1,719,594
Moldavia
1,130,794
38
2,293,890
4,245,002
539,209
935,951
1,339,816
1,239,537
451,300
211,640
139,629
22,090
49,994
and
1675.
Cwt.
14,894
157,081
108,792
-
80,147
81,543
113,689
85,063
375,379
154,379
443,090
1.185,945
366,393
636,829
624,588
568,903
9,490,601
10,123,131
5,911,784
11,791.514
185,537
285,950
209,235
176,938
365,147
84,532
334,853
225,390
129,763
211,743
348,243
73,363
157,735
1,123,570
1,220,763
1,012,397
920,847
Total
188,010
725,362
423,465
673,992
FLOUR.
Germany
176,184
40,028
573.514
France
United States
British North America
Other countries
107.864
Total
Annexed is
175,584
319,936
75,900
return
showing the estimated value of our imports
produce into the United Kingdom during the first two
months of the present and last three seasons:
a
of cereal
1873.
1877.
£
£
Wheat
Barley
Oats
Peas
4,787,303
1,289,941
6,375,595
723.294
747,167
94,816
312,432
1,011,511
101,373
107,979
Beans
Indian Com
Flour
1875.
£
2,958,131
6,493,576
664,550
897,286
932.755
974.243
79.242
932,578
1,734,310
1,141,595
333,847
2,488,238
813,880
9,760,330
11,417,426
8,560,391
1,817,862
Total
1376.
£
50,247
264.385
1,572,444
10,703,’83
760,695
English Market Reports—Per Cable.
The
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following
summary:
London Money and Stock Market.—The
directors of the Bank
of England, at their
meeting on Thursday, reduced the rate of
discount from 6 to 5 per cent.
creased
Mon.
Tuee.
Nov. 18. Nov. 19.
Nov. 16.
Silver,
The bullion in the Bank has in¬
£510,000 during the week.
per oz
d
•
Console lor money.
**
.
account.
.
50)6
50/,
96 %
95 13-16 95 13-16
96%
U. S. 5s of 1881
U. S. 4%s of 1891.
Erie com stock
Illinois Central
N. Y. Central
106%
.106%
1116
—
.
.
19%
80%
Fri.
Nov. 22
93%
108%
109%
108%
108%
109%
.108%
Thur.
Nov. 21.
50%
95J*
a.S.es (5-20s) 1867.. .109
a. s. io-408
.109%
Wed.
Nov. 20.
19%
50%
50%
95 13-16
96 5-16
93 5-16
93%
95%
108%
109%
108%
109%
108%
106
106
19%
79/-
50%
95 11-16
108%
108%
19%
106%
19%
77%
106
19%
78%
£0
108%
109%
?9 a
....
it is
236,000
Pennsylvania
Phila &
Reading
.
..
•
....
33%
13/*
33%
...
14
13%
*
33%
....
13%
....
—
quarters, against 194,300 quarters in 1877. Since
Liverpool Cotton Market.—See special report on cotton.
harvest the
sales in the 150
principal markets have been 571,263 quarters,
Liverpool Breadstuffs Market.—
against 491,271 quarters; while in the whole
Kingdom it is com¬
Sat.
Mon.
Tues.
Wed.
Thur.
puted that they have been 2,285,052
8. d.
s.
d
8.
d.
8.
d.
quarters, against 1,965,100 Flanr (extra
8. d.
State)....
24
#bbh
0
24
0
24
0
24
0
quarters in the corresponding period of last
24 0
season.
spring, No.l 79101 lb
Without Wheat,
do
do No.2new“
8 3
8
reckoning the supplies furnished ex-granary at the
8 2
8 2
8' 2
do
commence¬
winter W. new
8 10
8 10
8
9
3 9
ment of the
8 9
do
season, it is estimated that the
Southern,
new. “
9 0
9 0
8 11
8 11
8 11
following quantities
do
Av. Cal. white.. ‘*
9 8
of wheat and flour have
9 8 •’
9 8
9 8
9 8
been placed upon the British
do
Cal.
club
“
10 0
markets
10 0
10 a
10 0
10 0
since harvest:
Corn, mixed soft, old, # qr. 24 3
24 3
24 3
24 3
24 3
67,603
EXPORTS.
Sat.
339,569,700
348,922,800
325,786,100
The wheat trade has remained
quiet, but the holders of good
and fine qualities of wheat
have eucceeded iu
obtaining rather
better terms. There lias been no
striking feature in the market.
During the week ended Nov. 6, the sales of
English wheat
in the 150
principal markets of England and Wales amounted
17.301.155
46s. lOd.
2,909,513
2,191,549
213,022
1,024,404
9,214,168
1,146,181
273,280
Wheat
3,038,100
Total
to
Indian Corn
Flour
British India
Other countries
4.496.900
2,216,000
346.169
Wallachia
5.946.600
2,962,300
4,073,COO
26.693.600
4.315.600
2,909,000
3.633.600
1,476,000
240,4£2
-
2 391,452
Peas
Beans
Egypt
2,264,000
3.562.100
7.627.100
2.196.800
4.114.800
2.467.200
17.953.100
1877.
2,331,907
Chili
5.232.100
31,261.800
9,019,200
14,495.100
1.357.800
23,324,864
11,261,583
Turkey,
4.512.200
4.234.600
5,056,400
6.223.900
6,766,700
1.144.400
4,300,000
17,541,607
56s. 4d.
1878.
Russia
United States.
British North America
Germany.... f,
France
piece
15,441,300
3.202.500
7,731,000
21,092,114
1,187,857
8,397,000
the
Oats
1878.
2,863,200
4,872,000
6,5(5,500
6,613,000
34.573.200
8.766.600
2.257.800
4.237.200
9,992,000
1.896.800
15,656,000
and
1877.
13,790,007
WHEAT.
COTTON PIECE G*OD3 OP ALL
KINDS.
To West Coast of Africa
To United States
following figures show
.
goods exported in October, compared with the
corresponding
period in the two preceding years:
To Germany
Yards
To Holland
To France
To Portugal, Azores, and Madeira
To Italy
To Austrian territories
Tc* Greece
6,928,426
1,146,181
9,467,000
20,687,872
4is. 8d.
season
Wheat
the
£7,000,000.
quantities of
1,312,031
8,515,500
404,242
21,272,761
wheat and flour into the United
months of the present and three
noticed, from the above figures, that both our
imports
and exports are
falling of, a prominent feature being that our
imports in October were only £29,582,303,
against £36,537,000
To
To
541,835
1875.
cwt
21,814.599
Barley
The
36,537,002 29.582,303
311,874,377 529,195,405 313,298,375
17,779,274 18,372,693 17,255,459
.168,814,721 166,058,212 162,181,636
1876,
cwt
IMPORTS.
They show the
following results:
in
in
in
in
more
money on reasonable terms, and
that the proceeds will be
The Board of Trade returns for
«nded Oct. 31, have been issued
Imports
Imports
Exports
Exports
prove to be
cwt.
11,264.583
be issued at the
to
1877.
10,656,194
1,255,405
9,902,000
.
.
1878.
cwt.
imports and exports of cereal
produce into and from the United Kingdom since
harvest, viz.,
from the last of
September to the close of last week, compared
with the
corresponding period in the three previous years:
also
£6,500,000 in 5
price of 73 per cent.
property belonging to the Viceroy and his
family,
which the Committee of
Inquiry have ascertained brings in an
annual revenue of
£422,426, has been transferred to the State for
per cent bonds, which
The Dairah
and flour....
Result
Aver, price of Eng. wheat for
Messrs. Rothschild & Sons have issued the
prospectus this
week of the
IVOL. XXVII.
.
,,
.
.
.
'
,
-
•
•
»
•
•
.
.
.
.
.
O
•
•
u
c
do
prime,
new
“
23
9
23
9
23
9
23
9
23
9
Fri.
d.
0
8.
24
.
. >
•
-
S 3
8 10
9
0
9
10
24
8
0
3
9
23
.
^
November
THE CHRONICLE.
23, 1878. ]
Railways of Great Britain*—In continuation of the abstract
Liverpool Provisions Market.—
Sat.
s. d.
Pork, Western mess..38 bbl. 44 0
Bacon, long cl’r, new. $ cwt. 28 0
Bacon, short el’r, new
“
30 0
Beef, prime mess
$ tc.
Lard, prime West... $ cwt. 33
Cheese, Amer. choice.
“
47
-
0
d.
10
44
27
29
44
27
29
0
0
0
,
6
0
6
0
37
23
4
10
0
0
6
9
0
,
m
9
Thur.
d.
44 0
27 0
29 0
0
0
0
33
47
Wed.
s. 6.
0
37
23
4
10
0
9
0
44
27
29
....
33
47
0
0
33
47
0
...
....
Double
or more
1876.
17,077
9,235
16,872
9.169
674,059,04S
658,214.776
mileage
jg
Capital
Capital per mile open
Ordinary capital
Receipts—
Passenger
Total
Working expenses
....
Imports and Exports for the Week.—The imports of
last week, compared with those of the preceding week, show
a
decrease in both dry
goods and general merchandise.
The total imports were $3,928,194, against $5,079,830 the pre¬
ceding week and $6,071,200 two weeks previous. The exports
for the week ended Nov. 19 amounted to $6,365,550, against
$6,391,896 last week and $5,986,068 the previous week. The
following are the imports at New York for week ending (for
dry goods) Nov. 14 and lor the week ending (for general
merchandise) Nov. 15:
'
39,012
39,472
265,04’,233 262,008,833
.
Goods
Miscellaneous
<tioxmntxti'&l autTJXXis c eltaneff us IXews.
1.37812 8763.
1877.
Mileage
0
0
....
....
for 1877, as given on page 488 of the Chronicle of
following summary from the report is presented:
*
0
0
Fri.
s. d.
37 0
22 0
4 9
10 0
.....
“
Nov. 9, the
....
0
0
Thur.
s. d.
37 0
22 6
4 9
10 0
0
0
9
0
of the report
Fri.
s. d.
s.
...
....
33
47
37
22
4
10
$ gal
Petroleum, spirits....
.
.
0
6
6
Tues.
s. d.
.
“
44
Mon.
8. d.
Tallow, prime City.. $ cwt. 37 0
Spirits turpentine
“
22 6
Rosin, common
“
4 9
Rosin, line
Petroleum, refined..
Wed.
s. d.
.
Sat.
.
Tues.
s. d.
33
47
Liverpool Produce Market.8.
Mon.
8. d.
28
30
6
529
26,534,110
26,163,551
34,109,947
2,329,271
33,754,317
2,297,907
62,973,328
62,2)5,775
*
Increase in 1877.
Amount. Per Ct.
205
1-2
66
0*7
£
24
15,844,272
460
l*2r
1-2
3/32/;50
1*4
1*1
1*4
370,559
355,630
31,364
33,535,509
757,553
322,469
435,084
Ti
1*0
Net earnings
Receipts per train mile from passehgers and goods traffic
Expenditures per train mil*, exclusive of harbor, &c., expenses...
29,115,350
28,680,266
d.
66 ‘ 19
d.
66*66
*047
*0-7
35-82
36-13
*0-31
*0»
Net earnings per train mile
.
Per cent of net earnings on capital
Dividends paid on ordinary capital
30-37
4*82
t4‘51
30-53
*0-16
*0 04
*0*01
♦0*5
♦0*9
*0*2
4 36
+4’52
1*5
d.
d.
*
Decrease.
1 These percentages are
totals.
calculated
on
amounts a litt ein excess of the true
The final result of
railway working in 1871, as shown in these
be stated in a very few words. The extent of the
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
system has been increased very little during the year, only 12
per cent, the double mileage having increased only 0 7 per cent.
1875.
1876.
1877.
1878.
Dry Goods....
$1,010,569
$972,202
$1,086,295
$1,004,*28 The capital at the same time has increased 2'4 per cent, and the
General merchandise...
3,678,166
3,620,440
4,595,377
2,923,366 capital
per mile open has increased 1 ’2 per cent. The ordinary capit¬
Total for the week..
$5,567,574
$4,718,725
$1,706,735
$3,928,194 al, however, has increased more slowly than the total capital, or
Previously reported
290,294,626
219,125,694
281,340,857
249,867,381 only 1‘2 per cent.
At the same time, the gross receipts have
increased 1*2 per cent, or rather less than the rate of increase of
Since January 1
$295,013,361 $253,832,429 $286,908,436 $252,795,575
capital; but the working expenditure has increased more slowly
In our report of the dry goods trade will be found the imports
still, or only 10 per cent; so that the increase of net earnings is
of dry goods for one week later.
1*5 per cent.
The receipts, expenditure and net earnings per
The following is a statement of the exports (exclusive of specie) train mile have all decreased
slightly. The result is (1) a slight
from the port of New York to foreign ports for the week ending
diminution of the percen'age of net earnings on the whole capi¬
tal, viz from 4*36 to 4*32 per cent ; and (2) a slight diminution
EXPORTS FROM NEW YORK FOR THE WEEK.
of the dividend paid on the ordinary capital, viz., from 452 to1875.
1876.
1877.
1878.
4*51 percent.
These ; re the results in a year in which the in¬
For the week
$4,832,890
$5,431,1C8
$6,503,061
*6,365.550
Previously reported.... 217,877,592
230,219,313
301,017,370 crease of traffic has been at a lower rate than at any time since
249,862,230
1858, the average rate having been in that period 4*65 per cent,
Since January 1.... $222,710,482
$235,650,721
$255,365,291
$307,382,920 while last
year it was only 1*21 per cent.
The following will show the exports of specie from the port of
Southern
Pacific, Cal.—Advices from Yuma, Arizona, say
New York for the week ending Nov. 16, 1878, and also a com¬
that track-laying has been resumed on the Southern Pacific road,
parison of the total since Jan. 1, 1878, with the corresponding and that the rails are
going down at the rate of half a mile a
totals for several previous years:
day.
The
graders
are
ahead of the track and already some forty
Nov. 14—Str. Pommerania
London
Mex. silver dels
$17,500 or
fifty miles up the valley of the Gila.
Nov. 16—Str. Mosel
.London
Mex. silver dols..
17/00
figures,
may
...
Nov. 16—Str. Gity of Chester
,
.
Liverpool
Amer. silver bars.
15,000
Amer. silver coin.
Am. gold & silver
bars. <.$2,300 g’d)
2,000
Exchange recommended that the shares of the Sutro Tunnel
25,000
Company be placed on the regular list, when the engraved certifi¬
($74,200 silver, and $2,300 gold)
Previously reported ($5,636,001 silver, and $5,807,109 gold)
$76,500
11.443,110
($5,710,231 silver, and $5,809,409 gold)....$11,519,610
Same time in1871
1870
$* 9 600 663
1869
1868....
1874
1873
1872
1867
1866
The imports of
been as follows :
specie at this port during the
Nov. 12—Bark Scud
Nov. 12—Str. Hadji
Nov. 12—Curacoa
Maracaibo
Nov. 13—Schr. Impulse
Ngv. 13—Edwin Rowe
Nov. 13—Emma Dean
Nov. 14—Str. Saratoga
Nov. 14— Str. Kronprinz
erick William
same
Amer.
periods have
gold..
$6,000
Port-au Prince...Amer silver
1.775
Curacoa
Amer. silver,
Amer. gold..
2,417
Belize
Amer. silver
270
2f0
145
800
Ciudad Bolivar
Amer.
Puerto Cabello...Amer.
Havana
gold..
gold..
Foreign gold
.3,219
St. Thomas
Amer. silver.,
8,000
Fred¬
Nov. 15—Str. Claribel
Kingston..
Nov. 16—Str. Bermuda 1
Nov. 16— Str. Clyde
Nov. 16—Brig Thos. Brooks
.
Amer.
gold..
..Foreign silver.
700
Amer. silver...
3,2*0
Foreign gold
Total since Jan. 1, 1878
1876
1875
..
200
Amer. gold
Puerto Cabello. .Amer. silver...
Amer. gold....
1,46C
4,575
21,235
Aspinwail
Amer. silver..
Santiago deCuba.Amer. silver
as
..
18
20
22
Total
Coin
$157,000 $1,203,929 74
814,000
344,000
205,000
280,000
204,000
1,060,208
1,023,0QS
2,110,884
1,055,714
1,751,395
05
28
22
18
98
$8,422,001
1870
1869.
11.284 976
14.870.752
6,528.217
3 028.223
1866
The transactions for the week at the
follows:
Receipts.-
Nov. 16
160,325
18,227,560
Same time in—
$12,935,031
11,531,809
566,712
5,512,072
17,026,770
5,380.013
Customs.
1,500
3,829
.
($11,232,736 silver, and $7,055,149 gold)..$19,237,885
11
.
1874.'
700
.
Total for the week ($26,i9S silver, and $34,029 gold)
Previously reported ($11,206,440 silver, and $7,021,120 gold)
Same time in1877
9,261,692
Sub-Treasury have been
452,484 72
491.865 63
314,192 64
1,209,681 49
440,415 30
484,518 30
402,000 70
315,297 17
are
committee
on
placed in the hands of the trust
stock
list
company
of
the
and ready
and when evidence is furnished that the resolution
limiting the mortgage to $2,000,000 is recor 7ed. The following is
for
use,
the official statement of the objects of the company and its finan¬
cial condition:
This company has acquired its rights and a large portion of
its property uncLr special act of Congress, approved by the Pres¬
ident of the United States, July 25, 1866. It is incorporated under
The capital stock of the
the laws of the State of California.
“
company is $20,000,000, divided
each.
The stock is unassessable.
excepting 108,000 shares, which
into
2,000,000 shares of $10
All the stock has been issued,
are still the property of the
company.
“The company has expended in the construction of tunnel,
the erection of buildings, machine shops, engines, the purchase
of rolling stock, land, etc., over $3,200,000.
“
The company’s indebtedness under mortgage to Messrs.
McCalmont Bros. & Co., No. 15 Philpot Lane, London, England,
about $600,000, payable January 1, 1891.
until January 1, 1879, and it is first
Interest
payable
July 1, 1879, and the mortgage is limited to $2,000,000.
is no floating debt.”
There
amounts to
does not
commence
—Investors will notice in this issue of The Chronicle the
proposal of the Silver Islet Mining Company to sell $50,000
worth of bonds between now and December 5, 1878.
We learn
that this company owns 110,000 acres of land, situated in Canada,
on
Lake Superior (Island Royal).
Some $2,500,000 worth of
silver has already been taken from the company’s mines, and the
steamer Asia has just arrived at Detroit with silver rock an
board from these mines estimated to be worth about $100,000.
Specimens of
ore
now
on
exhibition at the company’s office in
this city are said by experts to be the richest ever found.
—We call attention to the notice in our advertising columns of
Messrs. H-wson, Kilbreth & Co., who buy and sell odd or
broken lots of stock sold on the New Yor* Stock Exchange.
This is an old and favorably known house in the street, and
parties desiring to transact business in stocks in various lots will
$241,8*5 69
do well to give the firm a call.
Messrs. John J. Cisco & Son, 59 Wall st, ask the attention
of investors to the Louisville & Nashville RR. 7 per cent 2d
620,261 56
376,739 53
253.097 06
265,876 26
mortgage gold bonds. Also to the Keokuk & Des Moines RR. 1st
mortgage 5 per cent bonds, having 45 years to run, interest guar¬
anteed by the Chicago Rock Island & Pacific RR., which they
189,473 63
offer at 87£ and interest.
The $387/ 00 worth of
awarded to C. Zabriskie of
-Payments.-
Currency.
Coin.
$288,552 16 $1,679,801 80
6 )2.786 87
496,409 66
Currency.
$1,504,000 $8,210,140 45 $2,26$,936 45 $4,999,089 44 $1,947,303 73
Balance, Nov. 15
128,980.550 78 46,786,576 66
Balance, Nov. 22
132,191,601 79 47,108,209 38
Sutro Tunnel Co.—The
cates
Total for the week
Total since Jan. 1, 1878
Same time in—
1877
1876
1875
-
—
—-
6 per cent Hoboken city bonds wa£
Jersey City at 100 517-1000ths, thia
being the highest offer received.
*
530
THE CHRONICLE
-The &aukcvs’ (Gazette.
NATIONAL BANKS OKUANIZ
Closing prices at the N. Y.
Interest
Period
KH.
The United Spates
Comptroller of the Currency
following- statement ot National Banks organized :
furnishes the
•2.401.—National state Bank of Oneida, New York.
Authorized capital,
£60,100: paid-in capital, £00,0 0. Samuel II.
Pox, President; Austin
B. French. Cishier.
Authorized
to commence
business
Nov. 9. 1873.
2,402.—First National Bank of Mount
Sterling. Illinois. Authorized capital,
$50,000: paid-in capital, $50,000. Elias F. Crane. President:
Frederick
D. Cram-, Cashier.
Authorized to commence business Nov
18, 1873.
U 1
The follows
e
Name
V
1
l»
E N
U K
.
dividends havp recently been announced
Per
Company.
or
Cent.
:
When
Books Closed.
Payable. (Days
inclusive.)
Railroads.
Ashuelot
Northern
IB iseellaneo us,
Americm Express..
......
IK
$2 59
•Ian.
4.
Dec.
2.
$2
Jan.
2.
Dee. 11 to Jan. 2
FRIDAY, NOV. 22, 1878-5 F. JTl.
IHoney ]?Iarltet and Fiuaneial
Situation.—The week
'lias been a quiet one in financial circles
here, while in London a
practical evidence of the easier feeling is furnished
by tne reduc¬
tion of the Bank of
England rate to 5 percent. The approaching
meeting of Congress is the subject of considerable discussion, and
the possible measures which
may be adopted are variously spoken
of.
Since the passage of the silver law at
the last session of
Congress, it must be admitted, even by the silver
ard
in the
gone
a
silver stand-r
developing a decided feeling against coin¬
ing silver again freely, and finally it is reported
that even the
India Government is inclined to
adopt measures looking to the
gold standard. The American
Minister in Mexico writes of the
disastrous effects in that
country of the silver standard, their
being
at a discount of 14
gold.
to IS per
cent
as
compared witli
Our local
money market has ruled at 3(7?5 per cent for call
commercial paper is in good demand at
44(0)54
per cent.
The Bank of
England statement on Thursday showed a gain
for the week of £510,1)00 in
specie, and the reserve was 40-}
cent of
liabilities, against 38f per cent the previous week; -per
the
discount rate was reduced to 0
per cent, from G the previous
loans, and prime
figure.
The last statement of the New
York City Clearing-House
banks,
issued November 10, showed an
increase of $61,375 in the excess
above their 25 per cent
legal reserve, the whole of such excess
being $) 2,91)5,575, against $12,84-1,200 the previous week.
The following table shows the
from the previous week
and a comparison with the two changes
years.
preceding
1878
Nov. 10.
previous
w eek.
1 877.
Nov. 17.
1870.
Nov. 18.
..
.
.
The
forthcoming annual report of Mr. John Jay Knox, Comp¬
troller of the
Currency, will contain a table showing the total
average of the capital and deposits of all the State
banks, savings
banks and private bankers in the
country, for the six months
ending May 31, 1878.' It shows the following
figures:
State banks
..
.Savings banks with capital..
No.
853
23
008
668
Savings banks without capital...
Private bankers
2,856
..
Total of all
The report says:
..4,400
...2,056
0,450
Capital.
Deposits.
$124,347,202
$229,482,025
3,237,342
20,179,908
803,299,345
.
77,798,228
183.832,905
$205,380,000
$1,212,791,000
470,390,000
077,100,000
$075,770,000
$1,919,954,000
“The total number of national
banks organized since the
establish¬
ment of the national
banking
system
on February 25, 1803, to Novem¬
ber 1 of the present
year, is 2,400.
Of these, 273 have
gone into
voluntary liquidation by vote of the shareholders
owning two-thirds of
their respective
capitals, and 74 have been placed in the hands of
receiv¬
ers for the
purpose of closing up their affairs,
leaving 2,053 in existence
on November i of
this year.
Included in tin* aggregate number
ized are nine national
organ¬
gold banks, located in the State of California.”
United States
Bonds.—Government securities have rbeen
steady, and a fair business is doing on investment orders.
There
have been but small transactions
between London and this
market,
in' consequence of the firm
prices, which show little margin for
operations.
The Secretary of the
Treasury issued, Nov. 16, the
second call for 5-20
bonds, embracing $5,000,000, to be seventypaid on
and after
February 10, 1879, on which day interest on said
bonds
will cease.
'i he description is as
follows:
Coupon bonds, dated July 1, 1805,
namely: $100, Nos. 140,001 to
142,000. both inclusive; $500, Nos. 99,001
to 102,000, both
inclusive;
$1,000, Nos. 193,001 to 197,000, both inclusive.
Total coupon bonds,
$2,000,000.
Registered bonds, as follows: $50, Nos. 2,486 to
2,493, both inclusive;
$100, Nos. 19,151 to 19,222, both inclusive;
$500, Nos. 11,251 to 11,279,
both inclusive;
$1,000, Nos. 38,651 to 39.000. both
Nos. 12,101 to 12,350. both
inclusive; $5,000;
inclusive; $10,000. Nos. 23,541 to
24,120, both inclusive. Total registered
bonds, $3,000,000. Aggregate,
$5,000,000.
-
16.
J. *109
Sz
Nov.
Nov.
Nov.
19.
20.
21.
109
109
*
1881
coup. J. & J. 109
108% 108 7s
5-20s, 1805.. .reg. J. & J. *103% * 103 %
*103%
5-20s, 1805 .coup. J. & J. *103% *103% *103%
,T.
106% *105% .106
5.-20s, 1807 .coup. J.
100%: 105%! *105%
r»-20s, 1868...reg. J. & J. *108%,*108
109
5-20s, 1868 .coup. J. & J. *108*2 *109*2 *109%
10-40s
reg. M. & S. 107%,*107%| *I07*j
10-40s
coup. M. & S. *1071-2 107*2 *107%
Gs,
6 s,
J
follows:
as
Nov.
18.
*108%
Nov.
22.
1087s *10S78
108% *1083.; 1081%
*103% *103% *103%
*103% *103% *103%
100
*10.)'31' 1057s
105 7s
*1057e *105 V
]‘T<}8%*108%
6s,
109%!*108%i*108%
5s,
107%!*107% *1075*3
5s,
107*21 107% 107*2
5s, fund., 1881...reg. Q.- Feb. 106 I
10578! 106
105% 105%! 106
5s, fund., 1881..coup. Q.- Feb. 1057s,*10534
1057g *105% 105%; lOf;
412s, 1891
reg. Q- Mar. '1035s 103*2 *1.03 *2
1035s! 103% 103%
41-28, 1891
coup. Q- Mar. 104% 101% *10-153 104%! 104%
*10434
4s, 1907
reg. Q.- Jan. *100%.*100%! 100%
100%! 10014*100%
4s, 1907
Q Jan. *10013) 100%! 'lOOH 100%
coup.jQ
*100%. 100%
6s, eur’ey, ’95-99. reg.! J. & J. *121%
*121%; 121 % H21 1*121131*121%
This is the price bid; 110 sale was
made at the Board.
*109
The range m
prices since Jan. 1, 1878, and the amount of each
class of bonds
outstanding Nov. 1, 1878, were as follows:
Range since Jan. 1, 1878.
Amount Nov. 1.
Os, 1881
cp.
6s, 5-20s,’65.cp.
6s, 5-20s,’67.cp.
6s, 5-20s,’68.cp.
5s, 10-40s... cp.
5s, fund.,’81.cp.
4%s, 1891 ..cp.
4s, 1907
cp.
6s, cur’ney.reg.
Highest.
Registered.
Coupon.
105% Feb. 25 110% June 27 $197,454,550
102% July 22 105%June 6
34,920.700
104% Aug. 12 108% June 27 111.534.800
10634 Jan.
103 %
10234
101 %
99%
117%
Closing prices of
2 111 % June28
1 109% July 29
Feb. 25 107% July 30
Mch. 1 105
Aug. i7
Oct.
3 102»4 Jail.
9
Apr.
U. S. 6s, 5-20s, 1867
U. S. 5s, 10-40s
5s of 1881
4%s of 1891
Nov.
Nov.
15.
22.
88,450,600
111,058,100
49,441,900
64,623,512
securities in London have been
8.
26.715.500
199,079,300
21,387,300
50.285.500
264,244,250
161,549,400
5 122% May 25
Nov.
$85,281,800
16,078,000
144.280.800
244,196,100
Mch.
as
follows:
Range since Jan, 1,1878.
Lowest.
Highest.
109% 10!)% 108%|105% Jan.
2 109% June 8
109% 10934 109341104% Feb. 25
111% July 30
108% 108% 108% 103% Mch. 1 109%
July 9
x00% 100% 102% Feb. 25 107%
July 30
State and Railroad
Bonds.—Louisiana consols sold to-day at
somewhat stronger, but advices from
the State are most
discouraging.
Virginia bonds are stronger,
and it is anticipated that the
present law in regard to the State
debt may be left without material
alteration.
Alabama and
Georgia bonds are both strong, and have sold at the
highest
prices ever made.
Railroad bonds are decidedly
strong and active, and the Stock
Exchange lists show large sales—a good part, no doubt, on specu¬
lative account. The revival of confidence in railroad
property, and
the tempting rates of interest offered
by many bonds, against
only 4@5 per cent on governments and State and city securities,
have had the effect of
pushing up prices quite rapidly.
Messrs. A. H. Muller & Son sold the
following at auction :
76£@77.
Tennessees
are
Shares.
Differ Tices fr’m
Loans and dis. $237,045 500
Dec.$ 2,578 700 $230 308,300 $259,1 17,100
Specie
25,405 400 Dec.
j
907 800
19 450,*800
19,005,500
Circulation
i
19,909 100 Inc
4 OOO
17 814,900
1 5,070,000
Net deposits .! 209,752 100 Dec.
985 500 190 501,500
211,313,900
Legal tenders. | 39,938 200 Inc
7S2 800
89 382,900
43,108,000
Total of State concerns
National banks
reg. J.
Nov.
Lowest.
advocates, that
adversely to the adoption of
United States—the price of silver has declined
mate¬
rially in London, the International Conference at Paris failed to
accomplish anything, the convention of the members of the Latin
Union has closed after
money
1881
Os,
Os,
Os,
Os,
Board have been
*
Tli©
everything lias
[VoL. XXVII,
Shares.
50 Nassau B’k of N. Y
80
50 Nat. Park Bank
87®85
50 Tradesmen's Nat. B’k
105%
2 Clinton Hall Asso
46
20 Brooklyn Acad, of Music,
with 2 admiss. tickets
OS
300 Brooklyn City KK
174
35 Firemen’s Ins
106
20 Mercantile Fire Ins
85%
100 Brooklyn Gaslight Co
119
100 Nassau Gaslight Co
53
37 Ninth Nat. Bank
70
35 Lenox Fire Ins
85%
35 Noitli River Fire Ins
115%
8 Firemen’s Ins
107
10 N. Y.
,...
A. H.
155
24
5
25
,
Scranton? Pa., $100
ea.
180%
.117
Co...
127%
54
81
Bonds.
Bonds.
N. Y. A Oswego Mid.
RR. 7 p. c. eonv.
equipm’t
and sinking fund mort.
bonds, 1873, coupons at-
50
49%
Bonds.
attached
tacked..'
•%
I
1
Closing prices
I
leading State and Railroad Bonds for two
past, and the range since Jan. 1, 1878, have been as fol¬
ot
Nov.
15.
States.
Louisiana consols
Missouri Os, ’89 or ’90
North Carolina Os, old
Tennessee Os, old
70
do
Nov.
Range since
Jan. 1, 1878.
00
Lowest.
70 s4
Highest.
0934 June
8 85
Feb. 11
23 108
June22
Mch. 29
1$
May 25
Nov. 7 39% May 14
*105% *10534 102% Aug.
Virginia Os, consol
'do
Dist. of
150
.150
$10,000
RR. 2d mort. 7 p. c. conv.
bonds, all unpaid coupons
2d series..
*10%
*10%
*31
*71
*29**
31%
*71
*31
*77
15
30
2!)
July 31 31
Sept.10
Apr. 12 85 June 10
Railroads.
Central of N. J. 1st consol
*87% *S7
64% Mch. 4 90
July 11
Central Pacific 1st, Os, gold.. 107% *107%
103% Jan. 15 108% .Tune28
Chic. Burl. A Q. consols 7s... *111% *114
109
2 115
Jan.
Nov. 20
Chic. <fc Northwest, cp., gold.. 105% *105
91%.Ian. 14 105% Nov. 14
Chic. M.& St. P. cons. s. f. 7s..
100
99%
91% Jan. 5 102 34 May 25
Chic. R. I. & Pac. Os, 1917...
110% 106
Jan.
5 110% June 28
Erie 1st, 7s, extended
*114
Jan.
*114% 110
7 116% July 8
Lake S.
M. S. 1st cons., cp.. *11334
109
Jan. 10 114
Sept. 26
Michigan Central consol. 7s.. flll% iii
105% Jan. 5 115
Oct. 29
Morris Si Essex 1st mort
*116
115% Jan.
5 121
Oct.
8
N. Y. Cent. & Hud. lst.cp—
11!)% *120% 117% Sept.10 122
June 26
Ohio & Miss. cons. sink. fd.. *10334
*104% 95% Feb. 20 105
Nov. 18
Pitts. Ft. Wayne & Chic. 1st..
121% *121% 118
Feb. 8 122
Oct. 18
St. Louis & Iron Mt. 1st m
*10734 *107
102% Sept. 20 109% May 24
Union Pacific 1st, Os, gold....
107% 107% 103% Jan. • 7 108% June 28
do
sinking fund.... 102% 102% 92% Mch. 6 105%
July 9
*
This is the price bid; no sale was made at the
Board.
Columbia, 3-05s
*77%
-
$10,000 Third Av. RR. 7 per
cent reg. bonds, due 1890.
92%
$10,000 N. Y. & Oswego Mid..
lows:
Penn8vL Coal Co....
Merchants’ Fire Ins.
Citizens’ Fire Ins...
0 Metropolitan Bank.
8 Mechanics’ Bank
Nicolay & Co. sold the following:
1 Clinton Hall Association..
weeks
195
137
204
Manhattan Gaslight Co. .146%
35 Grocers’ Bank
28 N. Y. Gaslight
Shares.
260 Dickson Manuf. Co. stock
of
Equit. Fire Ins
10 U. S. Fire Ins
15 Magic Fire Ins
74
—
—
.
I
November 23,
Railroad and
with
THE
1878.]
Ittiscellaneous Stocks.—Tlie stock
CHRONICLE.
market,
generally steady, has been devoid of striking move¬
Western Union varies from day to day, according to the
ments.
varying prospects of a “ distribution” of some sort—the latest
plan being to divide up simply the $6,000,000 stock held by the
company.
The Northwest stocks continue strong on the pros¬
pect of dividends on one or both, in December. The coal stocks
may be expected‘to remain a little unsettled until it is decided
whether the combination will be continued for another year.
Illinois Central and Chicago & Alton were weak, at times, on the
reported plans for a direct line for the Wabash road, between
Chicago and St. Louis. The Trunk lines have not been very
active, and their prices not particularly strong.
The
daily highest and lowest prices have been
Saturday,
Monday,
Nov. lb.
C ntral of N..J
S2H
Chic. Burl.& Q. 111*6
C. Mil. &St. P. 32
do
pref.
Chic. & North
do
pref.
C. R. I. & Pac..
Del.& H. Canal
Pel. Lack.* W
Erie, $4 paid
..
Han.
St. Jo..
do
pref.
Illinois Cent..
Lake Shore
Michigan Cent
Morris & Essex
N.Y.C. & H. u.
3^4
67^ t>7%
42% 43%
7o% 70V*
118
118*4
4556
SOW 51*4
im 19
15% 10*2
40%
7S-H 79
08%
oy82
Tuesday, Wedn’sd’y Thursday,]
Nov. IS.
3J?U
09
45%
50%
18%
15%
37%
77%
08W
08%
82%
82%
Nov. 19.
32% 33
10% 111*4
32% 33
08
09%
43*4 44%
70
118
112
"7%
follows:
as
3n3•%
Nov. 20.
08%
44%
09%
44%
77*4
70^
11*% 118*4 :is%
45
45% 44
51*4 5m 51
19
18% 19
10
15% 15%
39% 38% 39%
78
77% 77%
09
•08% 09*4
*08%
09%
‘58%
82% 82%
18* 112
30
32%
%no%
iP
112 *4|
“
31%
110% 110%
33
33%
08% 09%
44
44%
70% 77%
117% 118*4
43% 44%
49% 50%
18% 18%
15% 15%
38*4 39
70
70%
08% 09
68% 08%
h2W
Friday,
Nov. 21
82%
‘111% 112
Nov. 22.
30% 31
30% 31
110% 110% 110% 110%
33%
33 %
08%
08%
45%
44%
77
11*
32% 33*4
08%
44%
70%
77%
118*4
43%
49%
117%
48*|
44
50% 49
i*96 18% 18%
15% 15% 14%
38% 38% 37%
70
70% 74%
69% 08%
09
08%
08%
82% 82% 82%
*11% 112 111%
7
7%
7%
15% 15% 15%
08%
44%
77%
117%
43%
49%
18%
15%
38
t1H
Quicksilver.... •VH
do
pref. *32’4
These
iTi
11% *10
10% 10% *10
*9% 11
*31% 37 |*32*4 38 1*32*4 39 ]*32*4
*32%
the prices bid amt asked; no sale was made at the Board.
are
'
....
Total sales this week and the range
were as follows:
Lowest,
..
0,830
1,420
38,202
38,000
Chic. Hock Isl. A Pac.
5,325
Del. A Hudson Canal
0,831
Del. Lack. & Western 100,444
Erie.
0,000
Hannibal & St. Jo.
I
5,080
do
do pref.
10,850
Illinois Central
7,731
Lake Shore
121,000
....
..
10
21%
72
55%
2,080
58%
Morris A Essex
N. Y. Cent. & Hud. R.
3,275
6738
335
103 34
Ohio A
0,825
034
Quicksilver
do
3,470
171
20,247
8,700
85,855
55
710
25
8
100
pref
14%
112
12%
01%
75%
08
40
44
Feb. 28 i 10%
Feb. 28 41%
Feb. 14 87
June 20 70%
Jan.
3
72%
Feb. 28 80
Feb. 11 115
June 20
11%
June 21 23%
5 131
Jan.
June 20 23%
July 31 73
Feb. 13 102
Jan.
8 100%
Aug. 2
Aug.- 7
82% Jan. 7
0% Nov. 11
5
29% Feb.
Nov.
Nov.
July
Oct.
Apr.
June
Sept.
Apr.
Jan.
Feb.
Nov.
Mch.
Oct.
Oct.
52%
5134
90%
1934
Feb.
Nov.
Feb.
37
June
May
Total sales of the week in leading stocks were
St.
Paul.
Nov. 10
ii
....
18
19
20
21...:
22
....
U
....
a
....
a
a
as
13
11
11
29
18
10
5
15
10
25
11
20
31
25
8
25
8
25
15
0
37%
04
118%
11
42%
40%
73%
43%
15
37 34
00%
82% 105%
25% 74%
30%
4%
7
17
1,900
17.320
5,630
6,500
4,210
4,200
23,355
28,100
14,705
22,203
23,300
38,909’ 128,983
10,700
11,000
17,715
10,450
9,010
12,705
18.900i
16,372
21,7791
2,593,354
1,147,089
1,325,135
120,573
3,803,032
82,484
2,874.023
539,201
293,510
08,847
32,014
14,900
01,720
Nov.
“
“
16.. 100% 100%100% 100%
18.. 100% 100%:100% 100%
$8,048,000 $1,771,108 $1,773,994
0,220,000
4,233,000
689,000
905,000
20.. 100% 100% 100% 100%
21
100% 100% 100% 100%
22" 100% 100% 100% 100%
8,104,000
3,521,000
1,328.605
884,000
5,046,000
1,033,521
This week 100% 100%'100% 100%
Prev. w’k 100%' 100%' 100% 100%
S’ce Jan. 1 102% 100%; 102% 100%
The
following
are
$35,772,000
00,133,000
-
1
quotations in gold for various coins:
@$4 87
Dimes A % dimes.
3
4
4
@10
@15
Silver %s and %s.
Five francs
Mexican dollars..
87
©
@
Tv
78
00
15
05
7338
35%
51%
74%
20%
50 34 73
50
84%
01
105
43%
30
81
13
19%
00%
50%
00
24
45
9,950
8,245
9,580
9,980
20,500
10,750
19,700
15,000
17,510
Week or Mo.
1878.
1877.
1873.
1877.
Atch. Toi>. & 8. F.2d wk Nov. $124,000
$03,023 $3,304,819 $2,200,532
Atl & Gt. West...September
334,882
380,074
Atlantic Miss. A O.September
153,830
185,208 1,198,143 1,258,900
Bur. C. Rap. A N. 2d wkNov.
30,285
35,731 1,334,202 1,051.901
Burl. A Mo.R.in N- August
100,320
981,089
123,147
000,822
Cairo A St. Louis.October
21,009
199,899
24,090
183,382
Central Pacific...October ...1,831,000 1,800,382 14,771,303 13,840,319
Chicago 6c Alton. .2d wk Nov. 105,341
108.038 4,127,226 3,951,658
Chic. Burl. A Q...Septem....1,382,123 1,303,310 10,378,548 8,994,907
Chic. 6c East. Ill.. 2d wk Nov.
17,845
17,240
Chic. Mil. & St. P.2d wkNov. 185,000
213,020 7,291,043 7,007.249
Chic. & North west.October* ..1,566,858 1,598,776 11,601,602 10,191,831
Chic. R. I. A Pac.September
858,338 798,277
Clev. Mt. V. & D.. 1st wk Nov
8.932
8,533
324,020
329,250
Dakota Southern. Sei>tember
17,431
25,559
155,519
134,582
Deuv. & Rio G... 2d wkNov.
27,000
19,232
971,182
656,572
“
"
23,588
9,322,200
088,284
English silver
..
—
9Sa4@
—
98%
—
98%®
—
99
—
00
—
—
85
©
@
92
87
—
4 75
Tv 4 80
—
68
@—70
—
98%@
—
98%
—
99%@
—
par
Exchange.—Foreign exchange is somewhat unsettled, and
the demand for bills is, upon
the whole, rather moderate.
To¬
day, there
was an advance of 4 point in drawers' rates, which was
said to he based in part upon tlie small amount of cotton bills
offering at the moment. On actual transactions rates were about
•£ point lower than the quotations below.
In domestic bills the following-were rates of exchange
on New
to-day: Savannah, buying
at par, selling
premium; Charleston easy, 1-16 discount,
1-16@£ prem.; New Orleans, commercial 8-1G, bank
St. Louis,
5l‘c. premium; Chicago, par; and Boston, 25c. premium.
Quotations for foreign exchange are as follows:
York at
the
undermentioned cities
Lake
Shore.
14,790
689,140
900,560
1,334,138
885,003
1,035.249
$1,070,506 $1,072,921
;
45
130
Currency.
100% 100%
19.. 100% 100% j
“
Balances.
Mex. Doubloons.. 15 50
Pius. silv. thalers.
Fine silver bars
109%@
110% ! Trade dollars
Fine gold bars....
par.@%prem. j New silver dollars
80
128,143
349,220
Gold.
Span’ll Doubloons.15 75
12%
3,753,402
2,739,573
513,038
272,409
Proprietary Roads*
33%
92%
8o% 100%
2% 1138
1,049,495
1,427,414
141,028
430.310
232,707
70
EARNINGS.
149,700
82.008
71,002
34,933
15,733
52,019
28,983
Gold
4 74
3 00
follows:
9,735,284
861,141
2,808.074
2,778,587
08,043
125,714
172,353
34,150
17,300
322,890
Clearings.
X X Beichmarks.
X Guilders
tioned in the second column.
-—Latest earnings reported.—* ^-Jan.l to latest date.—n
22,426
3,250,259
18,759
30.792
87,902
Quotations.
3 84
ings of all railroads from which returns can be obtained. The
columns under tlie heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
Dubuque & S.City.2d wk Nov.
4,340,910
1,233,500
1,078,877
1,215,717
Open Low. High Clos.
?
-
Napoleons
72,180 109,444’ 85,855 121,000
Erie
August....1,445,929 1,271,131
Gal. H. AS. Ant..September 132,148
99,4S0
4,450,357
1,225,399
1,111,014
1,213,341
follows:
77
15
l.T^o
The total number of shares of stock outstanding is given in the
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the gross earn¬
~
3,773,093
Silver.—Gold lias sold throughout at the nominal
premium of lOO-J-. On gold loans to-day the borrowing rates
were -£@1
per cent, and carrying rates 14@2 per cent.
Silver
quotations from London are not changed from 50^d. per oz. The
Treasury Department made a purchase (November 20) of over
400,000 ounces of silver bullion, to be delivered at the Philadel¬
phia, San Francisco and Carson City mints. The amount offered
was about 700,000
ounces, but the offers and prices are kept secret.
The range of gold, and clearings and balances, were as
$4 84
154.0421122,7941149,888 215,250 524,000 350,085 494,605
‘
3,804,939
Scioto Valley
October...
13,410’
Sioux City 6c St. P.September
30,418
42,228
200,14S
200,826
Southern Minn...September
34,538
123,351
490,875
425,024
Tol. Peoria* War. 2<1 wkNov.
19,080
20,533 1,108,349
974,470
Union Pacific
October. ..1,269,879 1,185,405 10,401,031 10,383,174
Wabash
2d wkNov, 112,670
93,300 4,440,701 4,003,454
Sovereigns
30,500! 33,310 31,000
0,330
9,503
$095,342
8,025,0 54
93,599
40%
North- N’rtliw. Del. L. [ West,
A West. U11. Tel.
west.
pref.
10,100
12,059
38,262
..
pref.
1.800
7,620j
Total.
Whole stock.
St. Paul
6,045
13,417
3.750,
Low.; High.
2
13% Jan.
45% July 11
001* Feb. 28 114% July 15
27% Sept. 2 54% July 8
04
Oct. 14
84% July 0
32% Aug. 10 55% Apr. 17
0
70 % July 11
50% Feb.
93% Jan. 15 110% June 7
43% Nov. 22 50% July 10
40% Mch. 5 01% July 10
7% Jan. 5 20% Nov. 2
Michigan Central....
Pacific Mail
Panama
Wabash
Union Pacific
Western Union Tel...
Adams Express.....
American Express..
United States Exp...
Wells, Fargo 6c Co...
St. L. Iron Mt. 6c S.2d wk Nov.
St, L. K. C. &No..2d wkNov,
8t. L. A S.E.(St.L.)October...
do
(Ken.).October...
do
(Tenn.).October...
St. Paul & S. City.September
“
Chicago A Northw... ] 128,083
do"
do pref.
72,180
Mississippi...
Highest.
$778,222
7,650,652
151,721
148,089
2,025,890 2,108,052
Pliila. & Reading.October ...1,408,074 1,527,774 10,249,094 11,950,227
St.L.A.AT.H. (brs)2d wk Nov.
14,200
14,422
429,304
455.638
“
Sharps.
Central of N. J
Chic. Burl.A Quincy.
Chic, Mil. ASt. P..
do *
do pref.*
Whole year
1877.
$90,081
212,352
012,185
...
in prices since Jan. I, 1878,
Jan. 1, 1878, to date.
Sales of
Week.
Jan. 1 to latest dnte.1878.
1877.
204,200
...
^October figures include earnings of
111%
7*4
15%
■
237,139
Iowa lines.October...
Indianap. Bl. &W.2d wk Nov.
21,730
Int. & Gt. North. .1st wk Nov
43,857
Kansas Pacific.. .2dwkNov,
83,938
Mo. Kans. & Tex .2dwkNov. '
74,780
Mobile A Ohio
August
114,979
Nashv. Cli.A St.L.October
137,101
Pad. A Elizabetht. October
30,457
&
Pad.
Memphis..October...
9,470
Pliila. 6c Erie
September 288,084
ao
Gold and
4?*
11*| *10
101,957
87,784
332,555
490,130
142,100
09
68%
M‘>%
.
.
$100,380
Graud Trunk.Wk.end. Nov. 9
Gr’t Western. Wk.end. Nov. 8
Houst. & Tex. C. .September
Ill. Cent. (Ill.line).October...
75%
Ohio & Miss...
7%
7%
7%
6%
7%
7%
Pacific Mall....
15
15% 15%
15% 15% 15% 15% 10
Panama
122
lv2
*122' 125
124
124
1*4
124
*123 124
123% 124
Wabash
23% 22*4 22% 21% 22*4 20% 21%
22% 23
22% 23% 23
Union Pacific.. GO
07% 05% 00% 00% 00% *00% 00% 00*4 00% 66% 00%
West. Un. Tei. 95% 98
90% 97
90*4 90% 95% 90% 95% 97
95% 90%
Adams Exp.... 108
108
*107
*100
Xl06 100
*00% 107
100% 100%
American Ex..
48% 48% 48%! 49
49%
49% I 49% 50% 49% 49%
United States
47 ~l *47% 48 1*47% 48
48 I *47
*47% 48
99%; *93% 99% 1*98%
Wells, Fargo..
99
*98% 99%; 99
98% 99*4
*
—Latest earnings reported.
Week or Mo.
1878.
1877.
tone
a
531
Nov. 22.
60
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
Documentary commercial
Antwerp (francs)
Swiss (francs)
Amsterdam
(guilders)
Hamburg (rcichmarks)
Frankfort (reicbmarks)
Bremen (reichmarks)
39% a)
...
94% @
94%@
a
94% co
94% a)
a
:.
(reichmarcks)
Boston
banks for
Hanks.—The following
series of weeks past:
$
Sept. *43.
Sept. 30.
181,144,300
Oct.
Oct.
Oct,
Oct.
INov.
Nov.
Nov.
1.0,104,400
128.971.100
121,418.
7.
14.
21.
28.
4.
11.
18.
are
4.80% @4 .87
4.85 %@4 .80%
4.84 %@4 .85%
4.84 @4 ,85
5.20%© 5 .18%
5.20%@5 ,18%
5.20% @5 ,18%
40
94%
94%
> 91%
94%
days.
40%@
40%
95%
95%
95%
95%
94 %@
94 %@
94 %©
94%@
the totals of the Boston
a
Loans.
1878.
@4. 81
4.79%@4. 80%
5.23 %@5. 20%
5.23 %@5. 20%
5.23 %@5. 20%
Paris (fraucsi
Berlin
4.81%@4, 82%
4.81%@4. 81%
4.80
3
days.
100.759.400
126.876.100
126,>25,200
120.512.400
•127,202,900
Specie. !
8
3,022,100
3,0*7,600
5,321,200
2.963,100
2.563.800
2,557, tOO
2,-83.000
2.950.800
3,135,000
.
Tenders. Deposits. Circulation. Agg.
$
8
5.654,900
6,0S6,900
6,135,100
6,524,300
7.234,603
25,466,100
53,434. *00 25.427.700
53.233.500 25,50\500
53,866,100 25,407,300
52.264,600 27,47-3,1 r0
52,240,2. 0 25.3S8.00J
53,263,40'! 25,423,400
7,787,500
54.956.500
25.460.700
8,060,800
56,253,400
25.488.700
6,020,000
6,127,800
53,081.700
Clear
3r
42,643,331
38,344,352
49,237,921
47,046.050
45,547.518
41,389,955
44,323,641
Philadelphia Banks.—The totals of the Philadelphia banks
are as follows:
Loans.
1878.
Specie. L. Tenders. Deposits. Circulation.
$
Sept. 23.
53,300.770
Sent. 30.
Oct. 7.
Oct. 14.
Oct. 21.
Oct. 28.
Nt*v. 4.
Nov. 11.
Nov. 18.
£8,207,884
58,613,739
18,650.640
58,801,493
58,522,350
5R,41L244
58,279,111
57,656,695
S
2,003,043 13,004,807
1,995,8''6 12,814,627
1,939,340 12,717,1C2
1,83 ,451 12,382,599
1,605,812 12,0:5,596
1,646.613 11,958,394
1,693.177 12,775,827
1,8*4,22b 12,334,845
1,879,359 12,506,345
£
*
45,335,119
45,555,908
45,570,445
45,122,766
44.786.294
44,232.796
44.671.294
44,109,434
44,436,416
11,215,351
11,243,08 >
11,266,957
11,307,582
11,353,450
11,394,811
11,396,121
11,430,703
11,3-3,116
31,483,017
28,822,304
37,391,156
32,798,588
33.720,726
29,089,290
29.104,649
29.370,449
27,805,472
532
THE CHRONICLE
New York City
Banks.—The following statement shows the
condition of the Associated Banks of New York
ending at the
commencement of business
BOSTON* PHILADELPHIA, Etc.—Continued,
City for the week
on
Nov. 16, 1878
[Vol. XXVII.
Bid. Ask.
SECURITIES.
:
SECURITIES.
Bid. Ask.
-AVERAGE AMOUNT OP
Loans and
Banks.
Legal
Capital. Discounts.
$
$
Net
Specie. Tenders.
Deposits.
Circulation.
$
Northern of New Hampshire
Norwich & Worcester
90
14 %
Ogdensh. & L. Champlain
$
$
do mort., 7s, 189*2-3...
$
do
pref.. 60
Phila. Wilm. & Balt. 6s, ’84
7.963.500 2,643,200
743,300 9,001,300
44,000 Old Colony
92
M
92%
5,4 S3,900
609,300 1,208,100 4,515,600
93% *94
7,500 Portland Saco & Portsmouth 90
t9
6.609.700 1,235,100 3,279,500
6,674,300
88,400 Pueblo & Arkansas
«4%
"64*
Mechanics’
96
99
2,000.000
679.100
6,005,200
706.800
4,652/00
167,300 Rutland, preferred
Union
Stony Creek 1st m. 7s 1907.
1,200,000
3.707.200
474,700
Vermont & Massachusetts..
112
512,000
2,832,700
127,000
71
75
America
3,000,000
Worcester & Nashua
25
8,002.: 00 1,442,000 1,840.200
7,313,800
1,100
Phoenix
1,000,000
2,513,000
454,000
157,000 2,34n,000
*25 ■37%
218,000
City
PHILADELPHIA.
l/CO.OOJ
United N. J. cons. m. 6s, ’94.
6.289.800 2,0*3,500 1,396,000
5/99,900
Tradesmen’s
Warren
&
F.
1st
1,000,000
75
3.150.700
264,000
m.7s, ’96....
302,800 2,028,700
STATE AND CITY BONDS.
741,300
West Chester cons. 7s, ’91.... 113% 114
Fulton
1,6)5,300
600,000
165,900
Penna. 5s, g’d, int., reg. or cp
367,400
1,262,900
1
Chemical..
80
300.000
9 730,600
do
5s, cur., reg
999,400 2,583,400 10/56,000
do
1st m. 6s, cp.,’!
106
107
Merchants’ Exch. 1,000,000
do
5s, new, reg., 1892-1902 111
261.300
3,088.400
111%
387,600 2,3)2/00
do
566,20)
1st m. 7s, ’99...,
105
Gallatin National 1,500.000
do
100%
68,10-15, reg.,l'77-’82
105
3.773.400
325/00
Western
333,700 1,942 000
Penn. RR. 6s,cp.lf
141.10G
do
69, 15-25, reg., 1882-’92. 110% 111%
Butchers’* Drov.
300/ 00
1,130,000
122,000
do
6s
120,000
P. B.,’
265,000
8^,000
...1
do
6s, In. Plane, reg.,1879
Mechanics’ & Tr.
600,000
1,408,COO
26,000
230.000
98 (,000
CANAL BONDS.
198,000 Philadelphia, 5s reg
Greenwich
200,000
8.100
936,700
175,200
do
106
6s, old, reg....
109
664,800
Chesap. & Dela. 1st 6s, rg.,
2,700
Leather Manuf’rs
430/00
do 6s,n., rg., prior to’95 117
600/ 00
2.342.200
403,500 2,145,2(10
117%
305/00
Seventh Ward..
do
856,800
over
6s,n.,rg.,i895<fc
300,000
43,700
117*4 117%
156/00
105
381,300
29,200
io*5*%
State of N.York.
do
Allegheny County 5s, coup...
mort. RR., rg
800,000
280.300
105
1.654.600
...,(/
229,500
1,541,600
45.000
do m. conv. g., i>g
American Exch.. 5,000,000 11,856,000 1,402,000
Allegheny City Vs, reu
95% 96
760,000 8.448,(00
187.000
60
do mort. gold, ’97
coup., 1913
Pittsburg
4s,
Commerce
94% 95
5,000,000 14,019,600 1,859,500 1,411,000 8,354,200 1,748,700
do
do cons. m.7s, rg.,
53, reg. & cp., 1913. 8b
83
60
70
Broadway
1,000,000
4,6(6,800
92,000
708.80/
do
3.140,700
6s, gold, reg
899,00J
Morris, boat loan, reg., 18
Mercantile
3.151.900
1,000.000
296.6C0
103
do
394,2(10
7s,
w’t’r
ln,rg.
&C’>.
2,799,260
*65 *70
179,100
Pacific
no 7a, str.imp.,ree.,’33-86*
80
422,700
2,072,100
27,800
455,700
89
83
1/71.400
N.
Republic
do
2d
6s,
reg.
and
coup...
m.
Jersey
3.244.900
6s.
1.500,000
187,500
00
reg., 190
528,600 2/8%700
450/66
Chatham
do
do 6s, boat*car,rg.,l9i;
exempt,
rg. & coup.
'450,000 2.748.900
575.200
2,5v8,2C0
402,ono
Camden County 6s, coup
do 78, hoat*car,ig.,l9 I
70
People’s
1.339.800
412,500
15,400
167,800
1.154.500
5,400 Camden City 6s, coupon
Susquehanna 6s, coup., .9.8 / 22
North America..
30
700,000
1.628.900
133,000
325,003
do
1.760.200
7s,
reg.
&
coup.
Hanover
1/00,000 4,9S 1,700
305,600
939.700 4.629.200
447,800 Delawure 6s, coupon.
BALTIMORE.
Irving
1.775.300
500,000
37.500
435.500
1,717,300
103.300 Harrisburg City 6s, coupon
Metropolitan.
3,000,000 12,996,000
Maryland
6s, defense, J.& J. 108% 1C9
592,000 1,779,000
RAILROAD
STOCKS.
9,506,000 2,228,00u
do
Citizens’
111
113
68, exempt, 1887
600,000
1,433,000
88,700
404.200
Camden & Atlantic
1.710.200
247,20)
20
do
Nassau
6s,
1890, quarterly., 106% 110
1.914.400
1,000,000
22.500
do
do
pref
30
225,900
do
35
1,738,000
3,900
99
5s, quarterly.
100
Market
2,43 S, 300
1,000,000
Catawissa
77,600
453.500
Baltimore 6s, iSSL quarterly. 108
268 400
1.695.200
110
St. Nicholas
do
pref
33
1,000,0'0
1.794.500
do
45,900
K8
110
159,100
6s, ’.8S6, J.&J
658.200
500,100
Shoe and i eather 1,000/0!
do
new pref...
30
do
3,720,000
247,000
30%
6s, 189J, quarterly... 110% 110%
483,000 2,839,000
660,600 Delaware & Bound Brook....
Corn Exchange
do
109
111
6s,
park,
1,000,000
1890, Q.—M.
3.219.300
122,000
203,000
4,700
1.831.200
East Pennsylvania
do
Continemal
111
114
6s, 1893, M.&S
3.501.600
1,230,000
54,300
635.700
2,553,100
766.300 Elmira & Williamsport
do
115 '
112
Oriental
6s,exempt,’9S.M.&S
300,000
1.333.500
21.500
do
do
170,00
J
pref..
39
1.161.400
do
111 ' 112
1900, J.&J
Marine
400.000
2,278,000
156,000
4:35,001
do
112
114
1902, J.&J
359,200 liar. P. Mt. Joy & Lancaster.
Import ers’&Trad 1,500,000 14,930.600 1,520,800 3,020,400 2,174,000
&
Broad
Top...
Huntingdon
Norfolk
T%
water, 8s
110% 115
16,731,500 1,106,300
Park
do
do pref.
2,000,000 10,617,400
*%
856,200 3,226,400 13,314,900
53 -.700
RATLROAD STOCKS.
Par.
Mech. Ekg. Ass’n
Lehigh Valley
37% 37%
500,000
592,900
35,700
76,500
Balt.* Ohio
437.800
:....
296,700 Little SehuylKill
86% 87
Grocers’
44
300,000
512,200
1,600
108.000
do
Wash. Brand
125
135
Minehlll
428,000
48H 49
North River
240.000
755,600
do
2
35,000
5
129,800
693.900
Parkersb’g Br. .50
Nesquelioning Valley
4“>%! 49
East River.
250,000
Northern
Central
50 13% 14%
699,000
78,0:0
79,400
99% 101
549.800
125,800 Norristown
Manuf’rs’ & Mer.
Western
100.000
2
5
328,100
Northern Pacific, pref
Maryland
900
19% 20
100,100
373,500
Fourth National 3.5'0,000 13,350,300
28
35
North Pennsylvania
38*4 Central Ohio
830 900 2,596,200 !t,599,40ii
1/55, If 0 Pennsylvania
Central National. 2,000,OGO
2
& Connellsvllle..50
5
Pittsburg
33
33*-$
7,130.000
309,000
1,675,000 6,906,000 1,488,000 Philadelphia & Erie
7
Second National.
7*
KA1LBOAD BONDS.
300,( 00
1,976,000
521,000
2,063.00G
270,000 Pniladeiphia & Reading
Ninth National..
13% 13% Balt. & Ohio 6s, 1880, J.&J.... 102
105
75:i,000
3.448.800
189,600
699/00
3.191.400
do
599,000 Philadelphia & Trenton
First National...
6s, 1885, A.&O.
105% 106
500,000
8/.30/00 1,299,700
N. W. Va. 3d m.,guar.,’85,J& J 100
977,300 9,057,000
105
45,UCO Phlla.Wilming. & Baltimore.
Third National..
986,300
5.175.600 1,434,200
Pittsburg Titusv. & Buff
5%
754,700 5,771/00
5% Pittsh.* Connell8V.7s,’98,J&J 96% 98
799.300
N. Y. Nat. Exch.
United
N.
J.
Companies
300/00
130
1.130.300
Northern Central 6s, ’85, J&J 106
38,300
174,401
767.200
107%
270,000 West Chester consol, pref.... 129%
Bowery National
250.000
do
1.109.500
6s,1900, A.&O. 101% 104
8,000
233,000
822/00
224,40'»
New York County
20
West
Jersey
30
do
94
95
gld,
6s,
200/00
1900, J.&J.
1,168,100
310.900
1,lo«,500
180,000
Cen. Ohio 6s, 1st m.,’90,M.& S.
German Americ’n
101
750/00
CANAL STOCKS.
99%
2,083.300
221,000
236,500
2.003/00
W. Md. 6s, 1st m., gr.,’90,J.&J. 108
110
Chase National,.
300,000
Chesapeake & Delaware
1.550.300
115/00
237.900
do
1st m., 890, J. & J... 101
166,700
1.509.500
105
Delaware Division
do
2d m.,guar., J.&J
110
108
16
Total
Lehigh Navigation
16%
63,711,5)0 237,645,500 25,405,400 39,933,200
2d
do
71
09
m., pref
50
209,752,100 19,909,400 MornB
52
do
2d
108
104
m.,gr.
The deviations from returns of
by W.Co.J&J
do
125
pref
127.
previous! week are as follows :
do 6s. 3d in., guar., J.& J. 109
112
Pennsylvania
Loans...
Mar. & Cin. 7s, ’92, F. & A
84
t*3
Dec. $2,5 78,700 Net deposits...
Schuylkill
Navigation
$985,500
do
27
2d, M. & N
28%
Specie...
do
Dec.
pref..
967,800 Circulation....
do
4/00 Susquehanna
8s, 3d, J.&J
11% 11%
Legal tenders
..Inc..
7o2,800
Union RR. 1st, guar., J. & J..
New York
2,000,000
Manhattan Co.... 2,050,000
Merchants1
2,000,000
If4
...
.
•
•
....
•••
...
-
.
•
•
-
.....
..
..
.
..
.
.
...
..
......
.
__
...
.
.
.
The
following
are
Loans.
Specie.
1878.
2
July 6.
236.516,000
234,120,100
236,195,500
238,636,' 00
238,09/200
240,220,100
235,555,400
236,994,300
July 13.
July 20.
July 27.
Aug. 3.
Aug. 10.
Aug. 17.
Aug. 24.
Aug. 31.
Sept.
7.
Ocr.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
245.317,400'
246,322/00
5.
12.
19.
26.
2.
9.
16.
247.881,900
2(8/31.300
246,593,100
245,108,lC0
244,511,800
240,224,200
237/15,500
a
L Tenders.
.
$
239,431.701)
243,432,900
244,215,100
Sept. 14.
Sept. 21.
Sept. 28.
the totals for
S
20,420,000 53,606 ,300
2?,048/00 55.556 ,300
22/01.600 57,542 ,900
19,695,(00 58,409 ,600
17/90,800 58/10 100
20,407/00 56,286 ,500
19,234,300 55,179 400
IK/62,800 55,059 ,800
17.000,300 53,948 ,500
16/53,100 50/83,500
18,554,700 48,891 ,200
1 *,322,800
48,538 ,400
18,199/00 45,680 ,700
17,599,700 43,362 ,200
13/91,100 42,(50 ,800
15,547,800 40,729 ,100
19,860,500 39,962 ,500
24,144,100 40,219 ,000
26,373,200 39,155 ,400
25,405,400 39,938 ,200
RAILROAD
aeries of weeks past l
*
*
216,164/00
216.711,100
218,269,000
217,304/00
216,332.000
214/03,400
210,041.200
208/44/00
211,096,700
215,443,) 00
210,737,000
209,752/00
Note.—The figures of the Chase National Bank
t9 October 26.
above totals prior
19,433,700
19,062,300
19,478,300
19/16,300
19/17,800
19,577,500
19,593/00
19/01,200
19,889,700
19/04,300
19/05,400
19/09,400
are
$
853,550,231
376,809/15
352,707,254
353,322,472
4'4,*40,015
355/92,070
342,277,469
330,517,433
285,766/11
348,022.456
330,877,791
333/06,566
370/11,767
453/71,364
424/49.9(0
482,291,920
392,878.293
488,571,553
408,9: >3,425
460,572,737
not included in the
POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
SECURITIES.
Bid. Ask.
BOSTON.
....
68
....
Boston 69, currency
do
53, gold
:
Chicago sewerage 7s
11b
..
do
116%
Municipal7s
Portland 6s
Ateli'. &
UOFton
m.7s. T!
land grant 7s 100%
2d 7s..
103
land Inc. 8s..
Topeka 1st
do
do'
do
i*oV% ids
Albany 7s
do
do
Conn.
&
107
114
116
iii%
Neb. 68
102
Neb.8s.lS83
Passumpsic,
Eastern, Mass.,8^8,
Fitchburg Kit., 6s
do
7b
...
1C 2%
....
7s, 1891.
new.
106%'
103%
118%
do
6s
Boston & Lowell 7e
Boston & Maine 7s
Boston & Lowell 6s
Boston & Providence 7s
Burl, & Mo., land erant 7s
„
...
*73
....
27%
100
115
Kan. rity Top. &
W., 7s, 1st
do
do
7s. inc.. 102
io*7% 107^
103
27%
do
2dm. 6s. ’8)..
3im. 6s,’37..
do
Camden & Amboy 6s,coup,’S3
do
6s, coup.,’89
do
mort. 6s, ’89
Cam. & Atl. lat in. 7s, g., 1903
do
21 m., 7s, cur., ’SO
Burlington Co. 68,’97.
Catawissa 1st, 7s, conv., ’«2,
do
chat, m., 10s, ’88
Cam. &
do
STOCKS.
AtcliBon & Topeka
Boston & Albany
Boston & Low'd-
65
83%
x
128
70
84 *4
Boston & Maine
x idfl’%
Boston & Providence.
102
lt*8
Burlington & Mo. in Neb.... 112% 113
Cheshire preferred
20
Chic. Clinton Dub. & Min
47
Cin. Sandusky & Clev
3%
3%
Concord
75
138Conn. & Passumpsic
Eastern (Mass.)
13
13%
Eastern (New Hampshire)...1
....
Manchester & Lawrence...x
Nashua & Lowell
New York & New
England...
27%
122
90
28
....
Baltimore Gas certificates...
102
Cincinnati 6s
do
7s
J
1116
! 103
'
j
....
5s, perp.......
Harrisburg 1st mort. 6s, ’83..
H. & B. T. 1st m. 7s, gold, ’90. 101
do
2d m. 7s, gold, ’95.
22
do
3d m. cons. 7s,’95*
Ithaca* Athens 1st g d, 7s.,’90 105
Junction 1st mort. 6s, ’82.
106
Lehigh Valley, lst,6s,cp., 189S 112%
do
do reg., 1893... 113% 114%
do 2 I m.,7s, reg., 1910.. 116
118
do
con. m.,6s,rg.,1923 102*4 103
do
do
63/ p.,19.3
Little Schuylkill, 1st m. 7s.’82
North. Penn. 1st m. 6s, cp.,’85. 108%
do
2d m. 7s, cp., ’96. 113
do gen. m. 7s, cp., 1903. 107
do gen. m. 7s, reg., 1903 107
109
75
Oil Creek 1st m. 7s, coup.,’8*.
rlttsh. Titusv. & B., 7s, cp.,’96 34% "35
116
105
109
10 9%
99
100
Perklomen 1st m. 8s, coup. ,’91
Phila. to Erie 1st m.6s, cp.,’8i 103
do
2d m. 7s,cp.,’98. 104
Phila. & Read. 1st m. 6s, ’43-’44.
do
do
’4S-.49.
do
2d m., 7s, < p.,’93 109
do
deben., cp., ’93*
do
do
cps. off.
do
50
scrip, 18S2.
do
Jn. m.78, cp,1896
do cons. m. 7s, cp.,191!.. 101
do cons. m. 7s, rg., 1911.. 101
do eons.m.6e,g.i.l911....
do conv. 7s, I893-*
45
do
7s, coup, off, ’93 23
do scrip, 18S2
Phila.* Read. C.& I. deb. 7s,92
,
*
In defanlt of Interest.
Hamilton Co., O., 6s. long., .t
7s, lto 5 yrs..+
do
7 & 7*30s, long.t
Cin.& Cov. Bridge st’k, pref.
Cin. Ham. & D. 1st m. 7s, ’80
do
-2d m. 7s, ’85..
Cin. Ham. & Ind., 7s, guar....
Cin. & Indiana 1st m. 7s..
do
2d m. 7s,’i7...
Colum. & Xenia, 1st m. 7s, ’90
Dayton & Mich. 1st m. 7s, ’81.
do
2dm. 7s,’87.
3d
m.
7s, ’8s.
m., ’81 —t
do 0
1st m., 1905
do
1st m. 6s, 1905
Ind. Cin. & Laf. 1st m.7s....
do
(I.&C.) 1st m.7s,’88
.
scrip....
98
107
108
Dayton & West. 1st
2d mort. 6s, 1900
L. Sup. & Miss., 1st m., 7s g
Pa.& N.Y.O.& RR. 7s,’96-1906
Pennsylv., 1st m., 6s, cp., ’80..
do
gen. in. 6s, cp., 1910
do
sen. m. 6s, t g.,1910.
do
cons. m. 6s rg., 1905
do
cons. m. 6s. cp., 1905.
do
Navy Yard 6s, rg,’dl
97
T 105
+ 106
South. RR. 7*30s.t 104%
do
6s, gold t 91
do
..
do
ICO
12
+
7*30s
ao
.
do
do
do
do
108% 109
106
95
11
CINCINNATI.
104
105
114
LOO
lbO
i05
Canion endorsed. 104
MISCELLANEOUS.
24% People’s Gas
.
do
113%
100%
..
Fitchburg
iaff
Kan. City Top. & Western...
new7s 1900.
87
24
Connecting 6s, 1900-1901...,
104%:
Delaware inort., 6s, various.. 105 '109
Del. & Bound Br., 1st, 7s. 1905 99% 99%
East Penn. 1st mort. 7s, ’88
E1.& W’msport, 1st m., 7s, ’SO 106%
6s
Omaha & S. Western, 8s
Pueblo & Ark. Valley, 7s
Kutland 8s,1st mort
Vermont to Canada, new 8s.
Vermont* Mass. UK., 6s
...
_
Ogdensburg & Lake Ch.Ss...
Did Colony, 7s
do
Massachusetts 5s, gold
„
Bid. Ask.
Hartford & Erie 7s, new
Maine 6s
New Hampshire 6s
Vermont
SECURITIES.
107%
..
Deposits. Circulation. Agg. Clear.
213,816,700 19,823,900
217,411/00 19,622/00
221,252,100 19,405/00
222.133,700 19,078,(00
219,978,500 19,273,600
223,432,700 19/89,800
217,884,700 19.325,600
216/88,500 19,305/00
do
BONDS.
Allegheny
*
Vai., 7 3-10s, 1893
do
7s, E. ext.,19t()
do
Inc. 7s, end.,’94
Belvidere Dela. 1st m., 63,1902.
il7
105%
111%
104%
92
102
108
101%
98
45
106
101%
98
92
*90
80
•
’95
Little Miami 6s, ’83...
98
Cin. Ham. & Dayton stock...
15
Columbus & Xenia stock
10 L
Dayton & Michigan stock.... 18
do
8. p.c. st’k, guar
Little Miami stock
95
•••
87
100
20
102
20
96
97
LOUISVILLE.
Louisville 7s.
do
do
6s,’82 to ’87
6s,’97 to ’98
water 6s,'87 to ’89
water stock 6s,’97.+
100% 103%
97
98
96%
do
96%
do
96% 98%
wharf 6s
do
t 9r% 98%
do
spec’l tax 6s of ’89.+ 96% 98%
LouDville Water 6s, Co. 1907 + 101% 101%
Jeff.M.&l.lstm. (I&M) 7b,’811
do
do
1U4
95
100
104.75
101
97
40
93
72
104
101
97
90
100
87
x<5
To*
2dm.,78...
1st m.,7s, 1906,...+
Loulsv. C.& Lex. 1st m.7s,’97t
Louis.* Fr’k.,Louisv.ln,6s,’8.
Louisv. & Nashville—
'90%
106% 107
104% 104%
100
Leb. Br. 6s, ’86
+ 98
99%
104%
1st m. Leb, Br. Ex.,7s,’80-85.1
98
99%
Lou. In.
do
6s, ’93...t 98
99%
Consol, lstm. 7s, ’98
111
104% 105
Jefferson Mad. & Ind stock. 103% 104
Louisville* Nashville stock. 38% 38%
2*7*
53
ST. L.OUIS.
St. Louis 6s, long
+ 102%
i02
do
water 6s, gold
+ 103V
102
do
do
do
new.1 104
do
bridge appr., g. 6s 1 103%
.do
renewal, gold, 6s. + 103%
30
ao
sewer, g. 6s, ’9:-2-3.+ 103%
St. Louis Co. new park,g.6s.+ 103%
•
do
cur.
+ And interest..
7s,
+ 104%
November 23,
THE CHRONICLE
1878.]
QUOTATIONS OF STOCKS AND
JJ. S. Bonds and active Railroad Stocks
are
quoted
previous
on a
Bid.
SKOUE1TLB8.
Alaoama 5s, 1883
5s,' 1886
do
do
do
do
do
do
do
8s,
8s,
8s,
8s,
1886..
1883
M. * E. RR..
Ala. * Ch.K.
ao
ArkaDaas 6s, funded
do 7h, L. R. * Ft. S. lse
do 7a Memphis * L.R.
do 7s, L. R. P. B. * N.O
do 7s, Miss. O. * R. R
do 7s, Ark. Cent. RR...
• •
«
•
•
Connecticut 6s
..
30
6
7s. small
108
do
look
do
do
do
do
111
...»
102%
Kentucky 6s
i
1
...
103
.
.
i
do
dn
Active preni'usly quot'd.)
Albany & Susquehanna..
do
pref
Cleve. Col. Cln. & 1
Cleve. & Pittsburg, guar..
Col. Chic. & I. Cent
78%
102
31k Erie, 1st
81
rs
5
....
.....
Dubuque * Sioux Cl tv.
Erie pref^f2 assess, paid.
Harlem
Joliet* Chicago
Kansas Pacific
10
...
*
*
*
*
New YorkElevatea Kit..
N. Y. New Haven & Hart.
160k 162
Mississippi,pref
Pitts. Ft. W. & Ch., guar..
do
do
special.
Rensselaer * Saratoga
Rome Watertown & Oe.
St. Louis Alton & T. H....
'81%
100
99%
i'4k
15%
28
28%
Canton Co., Baltimore....
American Coal
Consolldat’n Coal of Md..
Cumberland Coal & Iron.
20
24
35>a
25
Maryland Coal
Pennsylvania Coal
2 ok
50
Mariposa L. & M. Co
3%
pref
Ontario Sliver Mining....
Bailroad Bonds.
28%,
29k
...
71%
'
do
Income,
di
sink’g fund
Joliet * Chicago,iBt m.
La. & Mo., 1st in., guar..
St.L.Jack.* Chic.,1st m.
Chic. Bur.* Q. 8 p.c.,lstm
do
consol, m. 7s
do
6s sink, fun i
+25
114
104
K
101k
108
99k
99%
105
ns% ii‘4
114
115
95
110%
68,1917, reglst’d
Central of n. J., 1st m., ’90
do
1st consol.
do
assented..
..
.
libk
nok
114% 115
87
72k
80
conv
assented
71k
$',000 adj’mtb
b2%
uo
$500
b|
Lehigh* W.B.con.guar' 00
do
do
assented.! 74 k
Am. Dock & Imp. bonds;
55
'72%
*72%
uo
issentet.:
St.P.’.stin.8a,P.D|
2d m. 7 3-1U, do
1st 7s, fg.li.D
1st hi., LaC.D.
lstm.,I.*M...
1st m., 1. & D.
l8tm.,H. & D.
lstm., C. &M.
consol.slnk.fd
2d m
do 1st m.,7s, I.&D.Es
Chic. & N. West. sink, fd
do
lnt. bonds,
do
consol, bds
do
ext’nbds..!
do
1st mort..
do
cp.gid.bds.j
do
reg. do
Iowa Midland, let m. 8s.!
Galena & Chicago Ext .!
Peninsula 1st m.,conv.i
Chic. & Mllw., 1st mort.I
Winona & St. P., ist in.
do
2d mort.;
C.C.C.&lnd’s 1st m.7s,SF. j
do
consol, m. bds)
Del. Lack. & West., 2d m.j
do
7s, conv.j
do
mcrt.. 7s, 1907'
.
.
.
Syr. Bingh.* N.Y. ift.Is!
Morris * Essex, ist. m..
do
2d mort.
!
do
bonds, 190*. j
I
7s, of 187;;
; do
;
do
do
53
121
UiO
1st con. guar.;
do
i89:
1st extended
coup. is. 1894
reg.
<8.1894
X
70
44
58
55
84%
115%
109
ioo
100
100
loo
I....
look
!l0Jk
1110
99%;i00
100
..
10/ k
lOo
111% 112k
lOo
108
103
lt'5%
115
113
....
..
103%!
!
90
10S%ll'j
94%
104
103
104
100
117%
107% 107%
v6k
797%
dlv..
Pacific gold bonds..
San Joaquin branch
Cal. & Oregon 1st
State Aid bonds
Land Grant bonds..
Western Pacific bonds
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’ds
do
Land grants, 7s.
do
Sinking fund...
Pacific U. of Mo., 1st mort...
do
2d mort
do
Income, 78.
.
.
do
IstCarou’tB
South Pai.of Mo., 1st m
Kansas Pac., 1st m. 6s, 139.3..
do
with coup c fs.
do 1st m., 6s, 1896
do
with coup. ctfs.
[
do
do
do
do
do
do
do
1st, 7s, Lea^
en.hr.,’86j
with coup ctfs
with coup, ctfs
lstm., 7s. I’d gr., ’80.1
with coup, ctfs
2d mort.,7s. 1836.
with coupon ctf; ..i
Tne. cp. No. li on 1916
Inc. cp. No 16 on 1916
..
1V4
112
1'9%
100% 100k
105
110k
....
■
81
85
101
94
93
100
90k
97
rice nominal.
92
*
*
f
^
.
,,
-
*
*
80
-
91
*
1107%
Oswego 7s
100
....
H. * G. N. conv. 8s.
tl01%
t
funded lnt. 8s
117
do
do
2dm.
108
10 1
do
do
3dm.
Cleve. & Pitts., consol., s.f.
111% 112
1U8
uo
4lh mort..
j h107
53
55
Col. Chic. * Ind. C., 1st mort|
do
2d in.. 7s, g..
t And accrued interest.
N. Y. Elevated RR., 1st m
Y. & Osw. Mid. 1st
do receiv’s ctfs.(labor)
do
do
(othen
83
30
...
...
....
40
do
93
do
do
bds., 8s, 4th series
do
do
class B. i
class C.l
6s
„
Ala.&Chat.,Rec’sctfs ,var
Atlantic & Gulf, consol...
44
93-v
80
105
35
40
do
*
2d,
guai
nsky Mans. & Newark 7s.
h
S6
Side, L. I., 1st
do
97%
'
m. bonds,
sink. fuDd...
0
31
53
90
88
>
46%
90
2d mort. 8s
2d mort., ex coupons....
Mias. & Tenn. 1st m. 8s, A.
1st mort., 8s, B
Mobile & Ohio sterling 8s
Sterling ex cert. 6s
75
gJK
64
88
G6
20
102
101
80
107
8s,interest
2d mort. 8s
New 1st inort
New deben.ures
N. u. * Jacks, ist m. 8s..
Certificate, 2d mort. 8s.
Nashville Chat. & St. L. 7s
1st, 6s, Tenu.& Pac. Hr
...
#
104
70
101k
82
72
104
118
115
102
98
100
101
100
52
72
67
97
60
40
40
58
20
20
32
48
35
90
90
32
42
35
95
106
102%
70
70
98
Orange &Alex’driat J«t8,6s
us,6s.
1 3(18,8s
! 4til8,8s
1 Rich. Fred. * Potomac 6s.
mort. 7e
Rlen.* Danv. ist consol.6s
Southwest..,G&. .conv 7s,>6
3oUthwestern, Ga., stock.
3. Carolina UK. 1st m. 7a.
86
36%
100
100
85
7
40
102
88%
99% 100
i04k
100
95
112
88
90
76
35
12
85
95
78
102
80
87
a
savannah * Char.lst m. 7s
Cha’ston * Sav. 6s, end.
West Ala., 1st mort. 8s
2d m.bs, guar
100
102
45
107
100
80
90
90%
30
78, 1902, low Ncs
7s, non mori
4L
35
108
80
90
58
102
80 k 88%
108
no
83
84
64
60
64
60
45
50
15
20
79
81%
24
27 %
108
110
101
100
101
.
1st mort. 7s.
2d mort. 8s
Northeast., S.C., ist m. 8e.
2d mort. 8s
70
100
-
-
5
30
105
104
100
100
94
78
40
20
80
105
90
83
30
10
40
107
07
PAST DUE COUPONS
90
85
20
1-8
85
46
34
98
98
80
5
35
lht,6s,Mc.M.M.W.*Al.Br
Nashville * Decatur 1st 7s
Norfolk & Petersb.lst m.bs
47%
80
49
32
....
Memph. & Little Koek 1st
Mississippi Cent. 1st m. 7s
94k
.
35
104
96
75
2d 7s..
stock
64k
114
93
40
73
100k
Memphis & Cnu’ston 1st 7e
•
100
.
75
85
53
102
90
95
Greenville & Col. 7s, 1st m.
7s. guar..
Macon &:Aug.21 endorsed
97%
5% I
22
113
10dk
6s
ftock.
88
t !04k 105
35
90%
20
Georgia RR. 7s
.
16
26
91
....
Carolina Cent. 1st m. 6s,g.
Cent. Georgia coflsol.m. 7s
Stock
4
Charl’te Col.& A.k cons. 7s.
do
do
2d 7s.
Cheraw & Darlington 6s..
East Tenn. & Georgia 6s..
E. Tenn.&Va. 6e.end.Tenn
E. Tenn. Va. * Ga. 1st. 7s.
Stock
103
46k
14%
20
95
Consol., end.by Savan’h
„
.
44
74
48
...
93
40
.
75
64
RAILROADS.
106
.
old
Wtlm’ton,N.C.,6s,g.) coup
88, gold
) on.
78%
.
5s.!!.*.’
Petersburg 6s
40
30
70
22
100
81
40
.
80
80
29
36
32
94
93
102
101
65
65
Norfolk bs
8s
Richmond 6s
Savannah 7s,
7s, new
•
....
new
Consollaateaes...
Kullroad, 6s
103k
•
30
new 5s
New Orleans prem.
81
100
•
....
Nashville 6s, old
65
.
•
New 3s
87
30
24
30
*y9
66
95
6s, funded
Montgomery,
103% 104%
86
•20
72
92
76
60
50
35
35
25
55
CompromL-e
....
24
..
....
Mobile as (coups, on;
8s (coupons on).
....
Mo. i\.* Tex. 1st 7s, g., l9U4-’06
•lo
2d m. income...
....
10
80
101
6
95
103
96
97
46
Bonds A and B
76
73
do
.
Memphis bonds C
108
9J
*
72k
t97
^
*
Macon bonds, 7s
111
115
3^k
121k ’.22
tioi
Endorsed, M. & C. RR,.
tl04
•
76
107
..
14
tl02
1-112
t!13
88
RAILROADS.
T
58
Waterworks
101%
106k Augusta, Ga., 7s, bonds..
109
Charleston stock 6s.
106k Charleston, S. C., 7s, F. L.
+108
109
Columbus, Ga., 70, bonds.
ai ok 112
Lynchburg 6s
....
80
79
(good;.
tioo
tl05
fl08
tlO0
noi
102k
tllOk Hlk
Rochester C. Water bds.. 1903. tm
118
Toledo 8s. water, 1894-’94
105
109
|
43
72
46
100
CITIES.
Atlanta, Ga., 7s
Poughkeepsie Water
Toledo :-30s
Yonkers Water, due 1903
'0k
60
Soutli’n Securities.
(jBrokers' Quotations.)
STATES.
Alabama new consols, A.
B, 5s
Rejected (beet sort)...
Texas «s, 1892...;...M.*S.
7s, gold, 1892-1910..J.&J.
7s, gold. 1904
J.&J.
10s, pension, 1894.. J.&J.
100
113
1108
long.... f 112
14%
.
*
....
104
13
.
9 *
69k
Long Inland City
8
77k
77
Georgia 6s. 1879-’89
fl05
Newark City 7s long
do
Water 78,
8*
&
68. deferred bonds
D. of Columbia 3*65s, 1924.
do
small
do
registered
S. Carolina con. 6s
108
72
Indianapolis 7-3Us
new series.
Virginia 8s, old
63, new bonds, 1S86
58,
do
1867
6s, consol, bonds
6s, ei matured coup
6b, consol.* 2d series
C
90
92
87%
*
is
.
-
105
6311
}76'k
,
T
74%
+90
...
,
f
74%
Atchison & P. Peak, 6s, gold..
55
Boston & N. Y. Air Line. 1st m 102
Cairo*
1
78
Fulton, 1st 7s, gold...
California Pac. RR., 7s, gold
97
do
84
68,2am. g.
Central of Iowa 1st m. 7s, gold.
Chic. & Can. South lstm. g. 7s.
24
Chic. & East. 111. 1st mort., 6s
67
do
.2d m. inc. 7i.
18
Chic & Mien. L. Sh. 1st 8s. ’89 t....
h.'.l.^. & mInneap., 6s,g.,new x78
no
do
1. gr., 66, g
35
Chic. & S’thwestern 7s, guar..
91
Cln. Lafayette & Chic., 1st m..
70
Col. & Hock V. 1st 7s, 30 years, 1104
do
1st 7s, 10 years, tioo
do
2d 7s, 20 yearB.. too
107%
92
35
92k Dan. Urb. Bl. & P. 1st m. 7s, g.
Denver
93
Pac., 1st m.7s, ld.gr.,g.
33
93.-2
Erie & Pittsburgh let 7s
99
do
con.
t«2
91
m., 7s..
92%
do
101
7s, equip...
91
Evansville & Crawfordsv., 7s.. tlOl
95
40
107%!107% Evansville Hen. & Nashv. 7s...
48
106%iio0>t Evansville, T. H. & Chic. 7s. g.
102% 102% Flint & Pere M. 8s,Land grant. *85
10*k'10t%l Fort W., Jackson & Sag. 8s, 89
Grand K.& Ind. 1st 7s, l.g., gu.
102% lu3
'9 3k
do
86
istls, 1. g., notgu.
67
do
1st ex 1. g. 7s.
50
88
jd River
90
Valley 8s, 1st m.. 199
112
Houe. & Gt. N. 1st is, g., certs.
61
105
94
do
West. div.....
tlOfS
86
do
Waco
87
101% L02
do
consol, bds.
74
37
25k
80
58
84
73% 73%
•
105
104k
108
.
2k
a*
28
28
23
23
23
71
union & cogansport <s...
Un. Pacific, So. Br., 6s. g..
60
53
110%
Detroit Water Works 7s
Elizabeth City, short
do
long
Hartford Cs, various
IK
31K
...
BONDS.
AND
Albany, N. Y., 6s, long
Buffalo Water, long
Chicago 6s, long dates
do
7s, sewerage
do
78, water
do
7s, river Improvem’t
Cleveland 7s, long
....
6s,
Ask.
...
CITIES.
JS9
do
do
2d mort j
30
Rome Watert’n & Og..con. 1st
107
St. L. * Iron Mountain, 1st m.
75
2d m..
do
do
108
3t. L. Alton & T. H..lst mort.
2d mort.,pref..
do
72k
2d mort. inc’me't-do
r....
i
Belleville & S. Ill.K. 1st in. Ss
90%
I Toi. Peoria * Warsaw, ls+- E.D to?
do
1st w. p.
U'7
do
Bu liagt’n Div
do
2d mol t
124
23
no
rtf»n*»ol.7«
do
P.Com.i cpt8,tst,E.r>
97
f’o
do
lsf.W.I)
'O
'io
Bur. D
*23
do 1st p ef. Inc for 2 1 M
do
23
do
fo cons’d
Tol.* Wahash. st. u.. exteuo.
105
do
ex coupon..
do
lstm.St.L. div
do
ex-matured coup....
do
2d mort
do
Extended, ex coup.,
74%
dn • ermln’t bonds
15
2k
2%
Miscellaneous List.
(Brokers' Quotations.)
102
1<8
Pennsylvania RR—
Pitts. Ft. W. * Chic., lstm..
,
10
1%
1%
do
ex coupon...
Han. & Cent. Missouri, ist m
Pekin Linc’ln & Dec’t’r.lBt m
Western Union Tel., 1900,cp...
do
do
reg..,
....
Central
do
do
do
do
do
Class 2
Class 3
„
104%;...
103%;....
100 |
9?
do
1st Spring,
Pacific Railroads—
,
10
9
do ex mat. & Nov.,’77,cou
Illinois & So. Iowa, 1st mort
107
107%
103k 10 ik
109k 110
...
..
....
•
9%
yumey * Toledo, 1st m., ’90..
104k
-
do
100% 1106%
construct s
Del.* Hud. Canal, 1st rn.,’&
do
84%
H4k
.+20
do
2d mort..
Lake Shore—
Mich S. & N.Ind.. S.F., 7 p.c. 108%
Cleve. & Tol. sinking fund..
110%
do
new bonds....
!0«k
105
Cleve. P’vllle & Ash., old bds 103
110
do
do
115
new bds
Buffalo & Erie, new bonds... 110k l„
It 3
1
Buffalo & State Line 7s
Kalamazoo * W. Pigeon, ist + 100 )
Det. Mon. & Tol.,1st 7s, 1906 Ji09k ]
Lake Shore Div. bonds
.-.
:111k
do
Cons. coup.. 1st. 1113k1
do
Cons, reg., l3t.. + 114
114k
106
do
Cons, coup.,2d.,
do
ConB. reg.,2d.... J102 j *•••
8)
Marietta & Cln. 1st mort
!•*
*
Mich. Cent., consol. 7s, 1902...
110k iAi*
10J (111
do
lstm. 8s. 882, s.f.
do
i....
equipment bonds.
New Jersey Southern 1st m. 7s +20 1
N. Y. Central 6s, 1883
103% '.10 4
107 >108
do
6s, 1887....
103
do
!...,
6s, real estate.,
1103
do
!
68, subscription,
do & Hudson, 1st m., coup
120%
+
119
do
do
lstm., reg.
Hudson R. 7s, 2d in., s.f., 188?. J112
C nada South., 1st guar..
74%' 75
118
Harlem, 1st mort. 7b,coup...
118
do
do
78. reg...
lu7
North Missouri, 1st mort
lib?*
Ohio & Miss., consol, sink. fd.
104k! 103
do
consolidated.... 104k j 104%
do
2d do
69%; ...
...
Ch.Rk.I.*P..s.f.lnc.6s,,95.|
6s, 1917, coupon
72
‘27
Chicago & Alton 1st mort.
:
118
j’"..:.
CStoct Exchange Pi'ices.)
Boston H. * Erie, 1st in..
do
guar.
Bur.C. R& North., 1st 5s..
Minn.* St.L.,l8t 7s gua
Cheot. a Ohio us, 1st in.
do
ex cokt
•
ii«
...
40
60
v%
..
L35
Spring Mountain Coal...
do
do
do
100k
...
Atlantic & Pac. Tel
Am. District Telegraph...
-
P'O
95
116
...
Miscel’ons Stocks.
do
do
do
do
do
8...,
be.
108
25
10
10
10
10
10
10
Land C., ISS9, J. & J
Land O., 1889, A. & O....
7s of 1888
.
do
6J
Tol * Wabash con. convert
do
Ex. Aug.,’78,& prev’s
Great Western, 1st m., 1888..
do
ex coupon
do
2d mort., ’93
2d mort.. Ex* Nov..’77,coup,
,,
128
SO
80
9%
STOCKS
’93-4
17
Non-fundable bonds
16% Tmnessee 6s, old
do
6s, new
i®
irtk
Special tax, Class 1
do
do
t
....
..
.
'
122
»
•
Rhode Island 6s, cp.,
South Carolina 6b...
Jan. & July
.
April & Oct....
do
1868
New bonds, J. * J
do
A. * O
110
•
•
11
United N.J.K.&C
do
.
do
"2
do
pref.
Belleville* So. Ill.,pref.
St. L. 1. Mt & Southern...
St.L. K. C. & North’n.prel
Terre Haute & Ind’polls .
„
•
.
Indlanap. Bl. & W., 1st mort...
:03
do
do
•
.
....
•
•••
-
Funding act, 1866
.
111
do
do
2d div.
Cedar F. & Minn., 1st mort..
.
do
Ch.Mil.*
do
do
do
(] ‘In
Sd b n
•
...
.
may
Bid.
Funding act, 18<5<5
6s, do
do
1892
6s, do
do
.1893
North Carolina—
6s, old. J. * J
do
A. * O
Sf. C. RR
J. * J
cio
..A.* O
do coup, off, J. * J
do
do
off, A. * O
MISCELLANEOUS
.
..
Long Island
Missouri Kansas & Texas.
Nashv. thar. & St. Louis
do
do
do
uus
•
par
BKOUBITIKS.
..1891..
••••
do
do
do
do
do
7s, cons., mort., g’d bds..
do Long Dock
bonds..
I
Buff. N. Y. & E. 1st.ill., 1916...
Han. & St. Jo., 8s. conv. mort.
111. Cen.—Dub.&Sloux C..istm
14'i
140
do
104% 104k Ohio 6e, 1881
'i
do
886
104%
AND
Lbi,
•
•
.
.
105
•
•
....
105^
mort., extended.
2d
do
do
Sd
7s, 1883.
4th do
7s, 1880....
5th do
7s, 1888....
....
.
do
77%
105
105 k
Rens. & Saratoga, let coup
do
1st reg..
Denv.& Rio Grande 1st m.,1900
sok
do
...
.
!
-'ll*
'39k
'77
Chicago & Alton
do
do
80%
79k
Burl. C. Rap. * Northern.
Canada Southern
Ohio*
aubq.
6s
.
-
.
...
104%
do 1837.
Ask.
•
6s,
Ss,
..
...
uuiijr
,
.
113
102
103
.
Asylum
Funding, due 1894-5
Han. * St. Jos., due 1886
.
ds, gold, reg—1887
do coup.. 5887
do loan...1883.
,
...
76%
18S2or’S3.
RAILROAD
Railroad Stocks.
.
.
.
13
1386
do
do
1837
do
1888.
do
1889or ’9 >....
or Un.,due 1892
do
Bid.
SKOuarTiKs.
I03k
..
YORK.
New York State—
76
do
78, 1890
Missouri 6s, due 1878
6
107
102k
War loan
do
NEW
Prices represent the per cent value, whatever the
Ask.
52
52
52
52
52
52
Michigan 6s, 1878-79
do
6s, 1883
6
6
109%
107k
...
•
•
3%
Georgia 6s
do
7s, new bonds....
do
7s, endorsed.
do
7s,gold bonds...
Illinois 6s, coupon, 1879...
do
do
do
do
do
do
.
1
20
20
21
3
3
3
3
8s of 1893
•
IN
BONOS.
5-i
v.
6sf new
6s, new float’g debt.
7s, Penitentiary....,
6s, levee
8s, do
8s, do 1875
8s, of 1910
78, consolidated.....
do
•
Bid.
8KCUBITIE8
TjinlHlfina 6s
•
8s of 1892
do
8k.
43
43
43
43
.
BONDS
paqe.
STATE
533
92
30
Tennessee State coupons..
South Carolina consol.
V Irglnla coupons
90
Consol, ••(inn
Memphis City coupons..
Jj.no price to-day; the^e a.e latest quotations
...
made tnis weea.
15
40
25
20
81
30
82
40
534
THE CHRONICLE.
Rank
M.-rcantle
Companies
Capital.
are noi
<-
Surplus
Amount
Nat’l.
J.&
LOCAL
latest
dates. §
America*
Insurance Stock List.
I'lVITIENDS
Pkick.
.
....
....
Period 1876. 187
Last Paid.
Jujy,
18*
.
ICO,000
40
22.700 J. & J.
300,000
100 1,000,000
168,100 I. & J.
100 1,500,000 1,763,200 J. & J.
50
500,000
114,000 •T. & J
fO
7/k>o J. & J.
100,000
100
600,000 412,5300 ,| & .).
50 2,050,000 1,019,300' F. & A
20
4,0 >0 J. & J.
100,000
100
400,000
74,500 J. & J.
100 1,000,000
284,100 I. & J.
25 2,000.000
919.800 I. & ,J.
Imp.& Traders’
Irving
Island City*...
Leather Manuf.
Manhattan*
Manuf. & Mer.*
Marine
Market
..Mechanics’
Mech. Assoc’n.
Meeh’ics & Tr.
50
500,000
25
600,000
100 1,000,000
50 2,000,000
50 i 1,000,000
Merchants’. .'.
3
..
.
100 1,000.000
NewYoiv
100 2.000.000
.N. Y. County.. 100
200.000
N. Y. N. Exch. 500
300,000
Ninth
100
750,000
No. America*.. 70
700.000
North Itiver*.
50
240.000
Oriental*
25
300,000
Pac flc*
50
422,700
100
Peoples’*
25
20
Phenlx
Republic
St. Nicholas
Seventh ward.
Second
2,000,000
412,500
142 50'.1
1.000,000
100
200,000
100 1,500,00')
100 1,000,"00
100
100
Shoe & Leather 100
Sixth
100
State of N. Y.. 100
Third
100
Tradesmen’s... 40
Union
50
West Side*
100
300.000
300.000
ay,
.
200.000
800,000
980,300
1,000,000
1,200,000
200,000
.
12
6
•
12
11
8
10
10
7
7
3
189.300!.M.&.N.
"i'.
'.J.&.J.
& J.
3537,500,3.
8
10
725, s()6; M.&N.
78,200jJ. & J.
wi
121
0
.
.
•
•
•
•
120
82^
123
75
1100
....
90
84
•
•
®
e
....
....
6
42.200 .1. & J.
70
•
Nov.,’78. 2%
•‘uly, ’78. 3
10
July, ’78. 4
6
July, ’78. 3
July, ’74. sy
ay Aug.,’78. 3
ay Aug. ’77. 2y
July, ’78. 3
8
48,2001J. & J.
67,BOO>1. & J.
232,0001 J. & J.
July,
July,
July,
ii
12
12
10
10
7
28',000'F.&A.
36,100, F.&A.
1,000,000
a
80
121
3y
4
4
3
’77. 3
’74.
’7S. 5
.,
t
l. & J.
3
2^
6
<>
138,700 J. & J.
4,100
.
July, ’78.
Nov., ’78.
7y July, ’78.
8
July, ’78.
8
\ug„ ’78.
Ju>
3
’77.
•
•
128
60
.
10
4
164,400 I. & J.
217,70(1 Q-F.
297,300 I. & J.
...
3
10
•
140
85
88
9
9
8
8
8
80
70
80
July, ’78.
4
Ju y, ’78. 5
July, ’78. 3
Nov., ’78.
Jan., ’78.
July, ’78.
Nov., ’78.
July,’78.
3y
93
3
3y
5
4
145
150
...
5 The figures in this column are of
date October 1st for the National
of date Sept. 21 for
hanks, and
the State banks.
Gas Companies.
J
Par.
Peviod.
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
do
25
20
certificates
Harlem
1,C00
Var.
Var.
1,200,000
Jersey City & Hoboken
Manhattan
.
Metropolitan
do
certificates
V r.
100
Mutual, N. Y
do
bonds
1,000
NTassau, Brooklyn
do
25
scrip
New York
Va
100
10
People’s (Brooklyn)
do
do
do
.
bonds
do
certificates.
Central of New York
Williamsburg
do
scrip
Metropolitan, Brooklyn
Municipal.
1.000
Var.
1,000,000 M.& S.
5,000.000 Quar.
I,000,000 F.& A.
*
Sept, ’78
July, ’7h
J. & J.
F.& A.
Quar,
J. & J.
M. &N.
II,500,000
120
60
87y
38 ~
140
155
50
sy Oct., ’78 00
Feb., ’78 30
Tt July, ’78 120
5
June, ’78 145
3
5
aug., ’78 104
3y Aug., ’78 90
iy Oct., ’78
sy&
July, ’78
sy Nov.,’78
4
May, ’78
8K Jan., ’76
3^
sy July, ’78
3
Aug., ’7*
1 y Ju y. ’78
3y Ju.y, ’78
2y Nov ’78
...
...
.,
95
70
103
60
85
82
22
aay
75
85
85
95
55
85
75
70
50
80
Broadway
<k
Seventh Ave—stk..
100
OOO.OOO^J.
J
694,000
•
& J.
&
J
•
|
*
ly July, ’78:
7
.
Eagle
Empire City..,
.
30
50
17
10
10
1
Firemen’s Tr
Franklin
50
50
25
100
15
50
! J’ly,1900| 02y
25
95
200.000
200,000
150,000
33,298 10
137,207 20
500.000
599,219 10
200,000
95,2<3 10
3,000,000 1,179.042 10
100
25
Howard
50
Importers’* T. 50
100
Irving
•Jefferson
30
20
40
50
100
Lamar.. \.
Lenox
25
50
Long lsl.(li
25
Lorlllard
Manuf.& B
100
Manhattan..... 100
Mech.&Trad’rs
25
Mech’ics’(BknJ 50
Mercantile..
50
Merchants’
50
50
50
Hope
V 0.000
200,000
120,421
150,000
51,804
200,000 +294,750
300,000
81,507
200,000 201,431
250,000 227,280
200,000
272,201
150,000 183,521
200,000
54,368
200,000
170,808
.
.
200,000
200,000
37f£
Williamsb’g C
.
25
50
100
100
25
25
25
10
50
19,1:45 10
500,000
144,783 12
200.000
108,807 12
200,000
41,215 13
200,000 +298,081 10
150,000
199,066 20
280,000
21,568 20
150.000
102,772 20
.
St.Nicholas
10
679,890 10
129,778 18
321,187 55
500,000
200,000
Hoffman
Home
35
100
N. Y. & Boston 100
New York
100
50
Niagara...
North River.... 25
Pacific
25
Bark
ICO
Peter Cooper.
20
50
People’s
’.
Phenlx (Bklyn) 50
Produce Exch. 100
50
Relief
100
Republic
100
Ridgewood
25
Rutgers’
100
Safeguard
—12,058
720,101
200.000
1,000,000
114,891
184,751
115.830
332,142
170,985
200,000
210,000
200,000
200,000
10
10
12
30
104,590 20
207,114! 20
112,290 20
656,319 15
11,201 5
61,535 10
200,000
200,000
200,000
200.0(0
200,000
200,000
300,000
200,000
200,00J
150,000
250,0JO
300/00
10
20
20
20
12
20
20
+33,061 10
73,072 11
209,231 20
119,037 12^
19,411 10
109,443 110
102/ 22 vzy
54,227 i 10
150,210 20
181,242 i 20
237,990,
10
190,307 10
250,000
20
10
10
10
10
12
12
10
10
20
10
20
10
10
20
10
11
14
30
20
10
20
20
25
10
20
20
19,550
200,000
200.000
150,000
150,000
000,000
300.000
200.000
10
14
30
10
50,864
432,403
125,671
418,974
300,0"0
500,000
350,000
1
10
10
16
10
10
30
20
40
HO
414,028
j 20 j!
10
10
12
30
20
20
20
20
sy
10
10
13
25
15 y.
Jan., ’7"
Bid. Ask.
05
85
Juiv
05
100
220
July, ’78.10
^ug. ’78.5*72
Juiy. ’78. 6
Juiy, ’77. 5
Ja>-., ’77. 5
25
July, ’78. 8
1250 July, ’78.6-75
175
120
120
50
03
125
P5
Oct., 78.10
200
July, ’78. 5 105
50
Jan., ’77. 3
115
AUg ’78. 5
July, ’78. iy 125
July, ’78 5 100
45
July. ’77 5
July, ’78. 5 100
50
July, ’78. 5 * 126
July, ’78. 7 160
July. ’78. 5 115
Ju y. ’78 7t» 245
Ju y. ’78.
sy 65
July, ’7s. iy 125
July. ’78. 5 132
90
July. ’78. 5
July, ’78. 5 117
July, ’78. 5
103
July,
Jul
103
’78. 5
July, ’78. 5
20
14
3
15
15
12
10
12
-
30
20
40
10
20
10
10
10
10
12
12
13
10
20
10
20
10
•
•
t
July. ’78.10
J ilu
,
JU
V,'
July,
Ju y.
July.
July.
Ju y.
July,
Juiv,
July,
July,
July.
July,
July.
July,
July.
110
130
170-
13595
-V-
^
r
•
•
110
85
•
’78. 8
’78. 5
’78.10
’78. 5
July, ’77.
Ju'y, ’76.
5
5
’78. 5
Juiy. ’78.10
July, ’78. 0
July. ’78.10
July. ’7S. 0
Ju y. ’78. 6
’77. 3%
Ju'y, ’78. 5 *
Oct
,
90
150
105
90
.
85
140
.
.
90
107
.
•
112
•
104
188
130
55
00
110
110
2i0
107
187
115
120
60
110
195
150
05
120
115
125
70
80
90
105
•
•
•
•
•
60
120
100
85
120
132
125
100
195
•.
80
128
105
....
•
.
•
•
....
„
«
„
^
.
f
•
.
•Over all liabilities, including re-insurance,
capital and scrip. t Iuclusve of
scrip.
Fieure- vith a minus sign before them shew that
the company is
impaired to that extent.
City Securities*.
[Quotations by Daniel A. Moran, Broker, 40 Wall
Street.]
Interest.
Kate.
New
Price.
Bonds
Months Payable.
Bid. Ask
due.
York:
Water stock
1341-53.
do
1851-57.
Croton water stock. .1845-51.
do
do
..1352-60.
Croton Aqued’ct stock.1865.
do
pipes and mains...
do
repervoir bonds
Central Paik bonds. .1853-57.
do
uo
..1853-65.
5
0
5
6
6
7
6
5
0
7
6
7
6
7
1870.
.1875.
1865-68.
Improvement stock.... 1869
do
00
....I860.
Consolidated bonds
var.
Street imp. stock..
var.
do
do
var.
Feb., May Aug.& Nov
do
do
do
do
do
do
do
do
May & November.
1878-1880 100
102
1878-1879 100
1890 ■
102
1883-1890 103
18X4-1911 104
1884-1900 109
Feb.,May Aug.& Nov. 1907-1911 107
do
do
187.8-1098 101
do
uo
1877-1895 100
May & November.
1901
116
1898
107
May & November.
117
1894-1897
do
do
1889
105
do
do
1S79-1890 102
ao
do
1901
111
do
1SK8
do
102^
do
do
1879-1882 102
111
January & July.
1890
do
do
1894
106
-
102
103
J06*
108
117
109
103
107
117
109
118
1C6
114
112
105
105
112
lo7
Wall st.]
1878-1,880 101
106
1881-1895 J05
114
1915-1924 USy 121
1903
1915
..
tf
I*
if?
,.
....
Improvement bonds
Hereon bonds
.....
JKfW-XQ
7
7
Jan.,May,July*
I
IIS'* 121
loay
1924
1
108
104
1U3
102
107 y
107
108
106
10©
j1907-1910 \aiy\i\a
jersey City.]
1895
1899-1902
1878-1879
Nov. 1678-1879
J. & J. and cJ A Dt
daou«*"v an'1 9m 1 >
118^121
1902-1905
1881-1895
1880-1883
1880-lhfS
.....
...
.
130
107
80
150
80
130
105
100
10)
83
135
’78. 5
’78.10
AUg.. r78. 7
.
.
•
00
.
250,000 M.&N.
Nf h v, ’93 100
105
’This column shows last
dividend on stocks, but the date of
maturity of bonds.
t
r
105
80
140
100
’7n. 5
’78. 8
’?*. 5
’78. 5’78. 8
’78. 5
’78. 6
’78. 5
’78.10
’7".10
10
Juiv! ’78. 5
12
July! ’78. 5
20
Juiv, ’7? 10
10
July, ’78 8
10
10
AUg., ’70 5
11-55 12 35 July, ’78.0-23
15
17^o July, ’78. 5
10
10
Aug., ’78. 5
20
16
July, ’78. 7
25
20
Juiy, ’78. 5
10
10
July, •78. 0
10
10
Aug., ’7«. 5
20
20
July, ’7S.10
........
„t#f#
r
T
sept. ’.'8 5
10
lo
130
,
20
10
12
20
30
20
10
20
18
20
14
20
17
10
12
11
20
20
20
18
20
3y
•
1891-94
1900
101
107
100
100
106
'.05
"
rs7y
,
55
90
200
195
4
’78. 5
June ’78.10
Aug ’78.10
Juiy, ’7.S.10
18
5
5
0 £•
2,100,000 Q-J.
xy oct., ’78
’78: a~y 7iy
6
1,000 1,500,000 J.&D. 7
June.
’84
100
Brooklyn City—slock.....*
loiy
10
7
2,000,000 Q-F. sy Nov., ’78 175 180
1st mortgage
New Consolidated
6 g.
1,000
300,000 M.&N. 7
Nov., ’80 104 110
Broadway (Brooklyn)—stock...
Westchester County
100
7
3
200,000 Q-J.
150
July,
’78'135
Brooklyn eft Hunter's Pt—stock.
100
400,000 A. & 0. 3
1st mortgage bonds
Oct., ’76 85
100
1,000
7
300,000 J. & J
1888
100
Bushwick Av. (B'klyn)—stock..
102
100
[Quotations by N. T. Beers, Jr., Broker,
500,000
80
90
tAntral Pk., y.A E. River—stk.
100 1,800,000 J. & J.
3* July! ’78
45
Consolidated mortgage bon"8.
JirooKtyri—L,oeai
impr’em’i—
1,000 1,200,000 J.&D. 7
1902
’fid
98
Dry Dock, E. B. A Battery— stk.
7
City lmndfl
100 1,200.000 Q-F.
2
January & July,
1st mortgage, cons’d
88
Nov.,
’78 86
do
7
do
500&C
4o
7
900,000 J.&D
June,
’93 101
103
Eighth Avenue—stock
Park
bonds
7
do
100 1,000,000 J. & J
jo
6
Ju y, ’78
1st mortgage
Water loan bonds
7
do
do
1,000
203,000 J.& J. 7
2d St. A Grand St Berry—stock
Jan., ’84 loo iio
7
Rrldp-fi bonds
do
100
do
748,000 M.&N. 6
Nov., ’78 115
1st mortgage
1530
'Wftlpr loan.
0
no
1,000
do
A.&O.
7
236,000
105
Apr.,
Central Cross'down-Bloc)*..
’93
115
0
100
f!ity nouns
do
do
600,000
40
1st mortgage
7
Kings Co. bonds
1,000
May & November.
200,000 M.&N.
Nov.1904
96
Houston, West.st. APav. F’y—s tk.
"rlo
do
U
100
<to
do
250,000
1st mortgage
20
Park bonds
500
500,000 J. & J.
January & July,
July, ’94 85
90
Second Avenue—stock
Bridge
100 1,199,500 Q.-F.
do
do
Apr., ’18
45
3d mortgage
•An"Brooklyn bunds flat.
1,000
150.000 A.&O.
Apr., ’85 95
100
Cons. Convertible
1,050.000
M.&N.
May,
’88
Extension
cOO&c.
[Quotations by C. Zabriskie, 47 Montgomery St.,
200,000 A.& O.
Oct.. ’88
Sixth Avenue stock
100
750,000 M.&N.
May, ’77 60
1st mortgage
Jersey
City—
1,000
415,000 J. & J.
July, ’90 105
Third Avenue—stock.....
Water loan, long..
6
100 2,000.000 Q-F.
January & July.
NfV.,’78 108
'.st mortgage
do
..1869-71
7
1,000 2,000,000 J. & J.
January & Juiy.
July,
’90
10d
92*5
Jwenly-lhird Street—stock...
Sewerage
7
bonds....
..1860-69.
do
100
do
600,000 J & J.
AUg., ’78 95
1st mortgage
100
Assessment bonds. ..1870-71.
7
1.000
1st mortgage
Last raid.
....
17H
10
<
Pkick.
60
July, ’78. 5
Juiy. ’78. uy
130
July. ’78. 7
95
July. ’78. 5
10
15
15
10
4
10
20
20
20
20
—
100
100
National
10
25
15
10
8
10
20
20
20
20
20
20
10
10
25
20
10
10
200.000
172,204
20
200,000
1,000,00 +1000519 9 80 11-45
300,000 517.088 30
30
200!000 102,433 14
14
200,000 —11,973 10
10
15
110,105
200,000
20
154.588 vzy 15
200,000
90.509 19
204,000
15
13,380 (10
150,000
10
87,581 12
150,000
12
loo
100
....
145,720
2,022
250,000
300,000
loo
Excnange
Farragut
178,940 20
210.000
40
Emporium....
Firemen’s
415,501 i 30
200,000 807,980 20
30
209,780
153,000
300,000 +493,435 20
50
.
do
Market stock
!
100
1,000
Commercial
78,042 ■10
200,000
loo
2
1875. 1870. 1877. !
300,000
loo
Dock bonds
[Quotations by H. L. Grant,
Broker, 145 Broadway.]
Bleecker St.dk Fulton*errj/—stk.
1st mortgage
City
110
60
95
50
SO
77
16
90
70
.
Clinton
Columbia
Star
115
.
Brooklyn
Sterling
Stuyvesant
Tradesmen’s....
Bid. Ask.
50
25
25
17
20
70
Citizens’
Westchester...
J
700,000 M.&N.
4,000.000 M.&N.
1,000,000 ‘J. & J.
5325,000 M.&N.
300,000
50
466,000
50 1,000,000
Var. j 1,000,009
100 1,000,000
100
Var
1,000,000
Bowery
Broadway....
Dividends.
28,316 10
200,000
13,981 14
200,000
+560,90»
15
400,000
200.000
73,779 10
517
200,000
1 8
loo
loo
.
3C
5
3
I 320,000 A. & O.
50
j 1,850 000 !F.&A.
20 ! 5388,000 ! j. & j
50 14,000.000 !j. & J.
100 2,500,000 1 M.& S.
Amity
United States..
Date.
bO
Atlantic......
0
>—i
1()0
.
1
Standard
Gas and City Railroad
Stocks and Bonds.
[Gas Quotations by George H.
Prentiss, Broker, 30 Broad Street. ]
.
Ju y 1,
1878.*
Amount
25
•
..
•
oy July, ’77. 3
Jan., ’76.
io July, ’78. 53y 117
Adriatic..
/Etna.
American.
Greenwich..
Guardian...
Hamilton
205
4
3
5
,
m
.
July, ’78.
rar.
Germania.
Globe
100
iuiy, ’78. 7
•
OJ* Jan., ’78.
July, ’78.
133
Aug ’78. 4
Juiy, '75. 3y
5
I 84
Jan., ’76.
?y u’y, '78. Stf'lcO
9
4
125
!July, ’78.
2^1 Nov., ’78. 2
52
7*2,Nov.,
’77. sy
6
77
|Nov., ’78. 3
8
10
3
9
8
8
8
L«0OiM.&N.
•Ian., ’77. 3
July, -7.8. 3^
12
8
*5
89.900 M.&N.
Nassau'
3
7
14
8
12
9
184,200 M &N
719.900 J. & J
218.900 •J. & J.
40,‘00 •J. & J.
857,400 •J & J
85.300
68.300 M.&N.
673,190 J. & J.
79,20 i I. & .1.
75.700 F.&A.
38.300
& .1.
55,o(iO!. I & J.
84,500 J. & J.
Metropolis*.
1001 f 00,000
Metropolitan
100! 3,000,1 00
Murray Hill*.. 3 001 100,000
Produce*
8
3
14
10
.
Merchants’ Ex.
Park
18*
Surplus,
Companies.
Bid. Ask.
.
.
Net
Capital.
100 3,000,000 1,5301,000 J. & J.
9
8
July ’7«. 4
129
100 5,000,000 1,327,400j M.&N.
7
5»^iNov., ’78. 53 100^ 10IJ*i
100
250,000
18*,0(J0I r. & .T. 12
Juiv,
’78.
5
25 1,000.000 1,144,8 *0i 1. & J.
Broadway
68
’78. 8
Butchers\& Dr. 25 300,000
32,700! J. & j. 10
•July. ’77. 4
Central
100 2,000,000
313.500 J. & J.
8
Ju y,
’78. sy 90
Chase
90^
100
300,000
23,200
no
Chatham
25
450,000 168,100 •T. & J. To
9
•July,
’78 *3” luO
Chemical
100
300,000 3,220,800 Rl-m’ly 100
100
Nov., ’78!l5
Citizens’
25
000,000
160,930 J. ii J
8
July.
’78.
3
City
100 1,000,000 1,514,600 M.&N.
20
Nov., ’78. 5
Commeice
100 5,000,000 2,598,300 1. & J.
7
6
J uly, ’78. 4
117
Continental.... 100 1,250,000 320.200 I. & J.
3
.Jan., ’76. 3
75
Corn Exch’ge*. 100 1,000,000
681.200 F.&A. lo
10
Aug..
5
’78.
125
East River
25
250,000
6)1,800 J & J.
7^
ay, .July, ’78. sy 90
11th Ward*....
25
8,500
100,000
J.
6
.July,
’76.
53
Fifth
100
150,000
47,4"0 Q-J.
10
io July, 78. 3
Fifth Avenue*. 100
1(H),000 143.800
225
First
100
500.000 1,277,400 Q-J.
12
12
Oct!,' ’78! 3 380
Fourth
100 3,500,000
887.800 J. & J.
7^
’78
3
95
Fulton
30
600,000
446,300 M.&N. 10
Nov., ’78. 5
150
Gallatin...
50 1,500,000
655,000 A.& O.
7
7^
Oct, ’78. 3y 112R;
German Am.*. 100
750,000
48,100 F.& A.
Feb., ’74. 3
German Exch.* 100
200,000
49,200 May.
May, ’78. 5
Germania*
100
200,000
48.700 May.
May, ’77. 6
Greenwich*.... 25 200.000
20.900 M.&N.
•\OV., •78. 3
Grand Central* 25
nl‘.
Am.Exchange.
■Bowery
Grocers*
Hanover
SECURITIES.
Stock Licit.
at
Mark’d Uiub (*)
NEW YORK
| Vgl. XXVII.
102
108
101
101
107
100
•
November
$2,5J4,959-$7,538,26I
Sterling obligations and loans
lutfjcstwewts
Showing a reduction during year of
Add payments on account
AND
$856,919
of the principal of debt, and of the sink¬
ing fu nds during the fiscal year
STATE, CITY AND CORPORATION FINANCES.
The Investors’Supplement is
535
CHRONICLE.
THE
23, 1878.]]
687,097
$1,544,006
394,326
Making
puolished on tbe last Saturday
Add payment
of cash dividend on Nov. 15, 1877
to all regular subscribers of the
Showing payments and investments for the objects stated, duriug the year, from net earnings of the company of
$1,938,332
of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
Oa the 1st of January, 1878, £350,000 of debentures were paid
subscribers. One number of the Supplement, however, is bound in London.
These debentures were negotiated in January,
up with The Financial Review (Annual), and can be purchased February and March, 1875, when the premium on gold was 14£
in that shape.
to 17 per cent.
In paying this debt an advantage to the company
vi as realized, in consequence
of the decline of the premium on
ANNUAL REPORTS.
gold, of upwards of 12 per cent.
A semi-annual dividend of three percent upon the capital stock
Baltimore & Ohio Railroad.
was paid in cash on the 15th of November, 1877, and on the 15th
of May, 1878, a stock dividend was made of four per cent.
{For the year ending Sept. 30, 1878.)
In view of the indebtedness incurred, by the company having
President John W. Garrett submitted at the recent annual
furnished the means to construct the Baltimore Short Line and
meeting the fifty-second annual report, from which the following the Cincinnati & Baltimore Railroads, and for the aid of the
is condensed :
Marietta & Cincinnati and Pittsburg & Connellsville companies,
tiie revenues.
and other important connecting lines, it was deemed wise to use
The revennes of the main stem, including the Winchester & Poto¬
the net earnings of the road for the reduction of the indebted¬
mac, tae Winchester & Strasbnrg. the Strasburg & Ilarrisonourg,
ness.
A dividend of four per cent, representing part of these
the Metropolitan Branch and the Washington City & Point Look¬
out Railroads, and of the Washington County Railroad for three
earnings, was therefore declared in stock, and the sum used in
months to January 1st, 1878, have been
$8,563,956 the
payment of the said indebtedness.
Washington branch
276,879
It is shown by the report of the Transportation Department
Parkersburg branch
659,698
Central Ohio division
£29,252 that tbe tonnage of through merchandise, East and West, hae
Lake Erie division
657,632 been
1,149,499, whilst in the preceding year it was 1,047,645 tons.
Chicago division.
1,057,558
Wheeling Pittsburg & Baltimore (formerly the Hempfield) RR
40,984 778,211 barrels of flour and 20,639,654 bushels of grain were
Newark Somerset & Straitsville Railroad *
135,295 brought to Baltimore during the fiscal year, being an increase of
Pittsburg & Couneilsville Railroad (Pittsburg Division)
1,544,021 136,509 barrels and 4,259,793 bushels respectively.
Of this ag¬
The receipts of
Total
$13,765,279 gregate of grain, 9,365,233 bushels were wheat.
556,419 wheat for the preceding year by the Baltimore & Ohio Railroid
Showing an increase, compared with 1877, of
were 2,500,600 bushels, showing an increase of 6,864,633 bushels,
TIIE MAIN STEM.
and an increase over 1876 of 8,744,933 bushels.
The expenses of working and keeping the roads and machinery
The receipts of corn for 1875 by the Baltimore & Ohio Rail¬
in repair amounted to $4,524,344, being 52*83 per cent upon tbe
road were 5.591,633 bushels ; for 1876, 15,948,107 bushels ; for
earnings, showing a decrease of 2 90 per cent compared with the
1877, 13,290,714 bushels, and lor 1878, 10,164,285 bushels,,
previous year, and of 3*35 per cent compared with 1876.
The following analytic statement is given, in order to furnish showing a decrease of 3,126,429 bushels compared with tbe preceding
The decrease in corn arose in a large degree from
particulars of expenses in comparison with the two preceding the factyear.
that the rates during a portion of the year were so low,
of each month, and furnished
Chronicle.
No single copies
...
years :
1874-65.
•
of the aciion of some competing lines, as to cause
and at several periods tbe Baltimore & Ohio
company declined to carry this commodity at rates that were not
burg, the Strasburg & Harrisonburg, the Metropolitan Branch and the
Washington City & Point Lookout Rii'roarls. and the Washington County only unremunerative, but which did not repay the actual exDenses connected with its transportation.
Railroad for 1876 and 187^, and for three months to January 1, 1878 :
Another reason for
nhis decrease was the diminished crop, caused by damage from
1876.
1877.
1878.
Earnings
$9,632,361
$8,2o2,045
$8,563,956 protracted rains in the territory traversed by the Baltimore &
in consequence
MAIN STEM.
Statement of the earnings and working expenses for the fiscal years 1876,
187? and 1878, including the Winchester & Potomac, the Winchester &Stras-
Excuses.
General expenses
Losses by accidents,
&c
Expenses of transportation..
Repays of railway
Repairs of water stations
Repairs and construction of depots
Repairs of bridges
Repairs and construction of tele¬
graph lines.......
Repairs of stationary machinery
Watching cuts
Watching tunnels
Watchmg bridges
Pumping water
..
Repairs of locomotives
Repairs of passenger cars
Repairs of buiden cars, including
constructi
m
of
new cars
Cleaning engines and cars.
Contingent expenses of machinery
department
■'
Fuel
Preparing fuel and filling tenders...
Total
$118,510
84,910
2,012,590
913,743
28,170
8i,28t>
116,713
$125,S55
47.185
1,668.747
808,364
15,516
16,097
90,380
$118,379
87,860
1,672,086
613,302
11,087
73,522
84,540
.
14,982
80.04S
114,169
’93,017
19.004
496,172
226,781
10,19!)
43,672
3,947
2.,531
2i,*299
459,649
193,119
5P4.720
385,582
626,919
110,197
91,187
80,893
50,242
2,w60
23,972
29,865
518.421
259,681
„
6.275
41,30,j
3.388
24,149
28,872
5,098
4,688
317,778
312,334
275,306
33,061
24,500
23,335
$5,411,635
$4,605,151
$1,524,344
4,220,725
3,656,893
4,039,611
expenses
56*18 p.c.
55*73p. c.
5283p.c.
It is shown that the earnings of the main stem and the
Earnings
Working
more
than expenses
branches stated, in comparison with the fiscal year 1877, have
increased $801,911, and working expenses have decreased $80,806,
making a comparative increase in the net profits of $382,718.
The sinking fund for the payment of the loan of tbe city of
Baltimore, which was originally $5,000,000, increased during the
year $103,487, making the payment in advance, and in reduction
of that loan, which will mature in 1890, $2,061,903.*
The payments for investments on account of the sinking fund,
the Sterling Loans, due in 1895, 1902, 1910
and 1927, during the year amounted to $458,048, which, at $4 84
per pound sterling, makes £94,638 2s. 5d.
The following statement shows the payments made, and the
increments in sinking funds during the fiscal year for account of
the respective debts:
for the redemption of
Increment of city sinking fund
..
;
Increment of sinking funds for the redemption of the sterling loans
due in 1895, 1902, 1910 and 1927
Payment on account of the principal of debt to the city of Baltimore
for the purchase of interest in the Pittsburg & Connellsville Co. ...
For the Pittsburg & Connellsville sinking fund
For the Balt. & Ohio and Chicago RR. Companies’ sinking fund
$103,487
458,048
40,000
44,585
40,965
$687,087
Total
The
subjoined statements exhibit the redaction of the indebt¬
edness stated during the fiscal year:
Report of October 1, 1877.
Sterling debentures, due in 1878, 1880 and 1381
Bills payable
Obligations maturing January 1. 1878, and loans j
Report of October 1, 1*78.
Sterling debentures, d ie in 1880-81
;
Bills payable
$3,872,000
2.967,491
1,555,689-$8,395,180
$2,420,000
2,568,302
absolute losses,
Ohio road and its connections.
The passenger earnings exhibit a decrease from $1,364,804 in
the preceding year to $1,200,846.
This reduction was caused by
he decrease of travel compared with that connected with the
Centennial Exhibition for October and November, 1876.
Tbe coal trade of tbe main stem shows an aggregate of
,483,076 tons, which includes 353,689 tons for the company’s
supply, being an increase of 42,811 tons over the preceding year.
Ot iliis quantity* that transported for the public, delivered in'
Baltimore, is 1,057,675 tons, and delivered at local points
upon the line 71,712 tons.
‘‘
The earnings of the Washington Branch Railroad were $276,879,
showing a decrease, compared with the previous year, of $30,230.
The expenditures charged, according to the system explained in
in previous annual reports, amount to $76,850, being for improve¬
ments and for repairs of railways, depots, water stations and
bridges, and for pumping water.
The partial expenditures
charged being deducted from the revenue stated, there remained
the sum of $200,028, a decrease of net earnings, compared with
the preceding year, of $13,650.
The aggregate earnings, working expenses and net results of
the main stem, including the Winchester & Potomac,
the
Winchester & Strasburg, tbe Strasburg & Harrisonburg, the
Metropolitan Branch and the Washington City & Point Lookout
Railroads, the Washington Branch and the Parkersburg Branch
Railroads, of the Central Ohio and Lake Erie & Chicago Divisions,
the Wheeling Pittsburg & Baltimore, and the Newark Somerset
& Straitsville Railroads, and the Pittsburg Divisions for the fiscal
year, and the Washington County Branch for three months to
January 1st, 1878, were as follows:
Net earn’gs.
40,984
Expenses.
$4,524,344
7S.850
473,675
628,010
563,804
423,404
958,501
36,162
135,295
84.545
50,749
Earning?.
Washington branch.
..
Wheeling Pittsbun
Newark {Somerset i
1,057,558
82^,252
657,632
Central Ohio division.
Lake Erie division....
Straitsville RR
$13,785,279
$7,769,301
$4,039,611
200,028
186,023
429,548
265,447
234,227
585,520
4,621
$5,995,97 00
RESULT OF OPERATIONS.
The Chicago Division (263 miles) was added in 1875, and the
Pittsburg Division (150 miles) in 1876; with this reminder of the
changes, the following comparison is made for four years past:
Gross
Earnings.
$14,444,239
15,031,226
13,208,860
13,765,230
Working Expenses.
$9,908,865
9,609,857
8,228,055
7,769,301
Earn’gs.
$4,535,573
Net
5,421,380
4,982,81 5
5,995,979
It was to be expected that earnings would be increased in
last year, which was one of exceptionally heavy traffic, but
that there should be any considerable decrease of expenses.
the
hardly
P7536
The
•
(THE CHRONICLE.
net revenue
Central Ohio and
of the main
stem
and
Lake Eric & Chicago
branches, including the
Divisions, the Wheeling
main
fVot. XXVII.
stem, branches and leased roads for the
year
Pittsburg & Baltimore, the Newark Somerset & Straitsville
‘Kailroads, and the Pittsburg Division, was $5,995,978.
The net earnings of the
Parkersburg Branch Railroad Com¬ Passenger
Freight
pany, and of the Chicago Division, and of the
Wheeling Pitts¬ Express
burg & Baltimore Railroad Company, and the excess
Mail
over rental
of the net earnings of the Lake Erie
have been credited Miscellaneous
Division,
to the
accounts
for interest
on
respectively.
It is shown that the
net
$265,447.
advances made to those
companies
earnings of the Central Ohio Division
account.
It
will
be
seen
that
the net result
on
OF TIIE
Main
Stem.
$151,243
$547,621
355,360
20,863
28,126
1,497
1,601,321
57,618
49,494
148,703
...
$2,404,758
638,299
557,(90
286,431
20.536
32.381
66,576
737,756
19,078
844,688
Total
■■
$5,607,598
These gross earnings were derived from
the several
revenue as follows:
Passengers
Freight
sources
of
$1,425,127
3,723,642
Express
137.675
Mail
Miscellaneous...?
WASHINGTON COUNTY RAILROAD COMPANY.
Clarksville
Division.
“
this
division, compared with the previous year,
shows an improvement of $93,455.
The aggregate
working expenses of the main stem, with all
branches and divisions, were 5644
per cent of the whole gross
revenues, beiug 5*83 per cent less than the
preceding year.
Memphis
Division.
$240,510
352,680
22,356
21,110
1,590
Total Main Stem
“
Memphis Division
“
Clarksville Division
<l
Knoxville Branch
“
Bardstown Branch
“
Richmond Branch
“
Cecilian Branch
“
Nashville & DecaUir Railroad
“
(leased)
Glasgow Kailroad (leased)
South & North Alabama Railroad
Under the lease of the Central Ohio Railroad
thirty-five per cent of the gross earnings are paid
annually to
that company. The working
expenses, in consequence of the
very low rates for transportation
during a portion of this year,
were 67 98
per cent.
The loss on this division for the
year, under
the agreement, was
$34,790. which has been charged in the profit
«.nd loss
were
ending June
30,1878:
139,693
\
181,453
The contract for the
working of the Washington County Rail¬
road, made on the 10th of December, 186% for ten
$5,607,598
Expenses
years from the
3,263,356
1st day of
January, 1868, contained a provision under which the
NET EARNINGS.
agreement could be continued for ten years on the same
terms, Main stem
or cea«e
$1,229,785
upon one year’s notice prior to the
Memphis Division
expiration of the Clark-ville
163,594
Division
contract, namely, January 1, 1878. As, in
consequence of the Knoxville Branch
171,740
competition for the business of Hagerstown and
125,584
Branch
Washington Bardstown
Loss.
County, of the Chesapeake & Ohio Canal, of the Western
2,287
Richmond Bran, h..
Mary¬
.Loss.
land Railroad, and of the
5,940
Cumberland Valley Railroad, it has I Cecilian Branch
26,099
Nashville & Decatur Railroad
been impossible to secure
satisfactory results, the Baltimore & Glasgow Railroad
337,644
Ohio Company availed of the
4.273
option reserved in the said agree¬ South & North Alabama Railroad
293,618
ment, and in accordance therewith
gave the proper notice to the
Washington County Railroad Company that the lease of the road
$2,344,242
would not be continued after
The length of line
operated is the same as in lsst report, viz.:
January 1, 1878. The Baltimore &
Ohio Company continues to be interested
Main Stem, 185 miles;
in this road as an
Memphis Division, 180*70; Clarksville Divi¬
sion, 128*40; Kooxville Branch, 109 90; Bardstown
original subscriber, and now owns 38,464 shares of its
stock, rep¬ Richmond
Branch, 17*30;
resenting at par $769,280.
Branch, 33*80; Cecilian Branch, 45*54; Nashville &
The earnings and
Decatur
Railroad. 122*30; Glasgow
working expenses for the three months, from
Railroad, 10*50; South &
North Alabama
^September 30,1877, to January 1, 1878, were merged,
Railroad, 183 ; total, 966 44 miles. The total
as hereto¬
fore, in the statement of the Main Stem. Since
length of Main Stem and brances is 391*54
that period,
miles.
The equipment of the whole line is
namely, for the nine months ended September 30, 1878,
as follows: 184
the 75
locomotives,
gross earnings of the Washington County Railroad
coaches, 22 baggage, 6 postal, 9 express, 1,745
box, 47 caboose,
Company 339 rack, 620 gondola,
have been $25,778.
319 flat, 133 low flat, 47
boarding, 1 pay,
37 coal, 9 wrecking, and 19 tool cars.
THE PITTSBURG &
CONNELLSVILLE RAILED D.
Number of passengers carried one
The earnings for the year ended
mile, 42,014,042. Tons of
September 30, 1878, were
$1.5-14,02! freight carried one mile, 224,654,030.
ITbe working expenses for the same
pel iod were (0207 per cent;...
958,501
PROFIT AND L08S ACCOUNT.
And showing the net earnings for the
year
$5£5,520 Amount of account June 30, 1877
The earnings were $154,415 more than the
$3,084,680
previous year, and Credits during the year
the expenses decreased $7,271,
Gro?s earnings
2,780
'.
showing a net increase over the Gross
4,006,075
earnings Nashville & Decatur Railroad
preceding year of $161,686. The decrease in the ratio of
737,756
working
expenses Las been 7*43 per cent as compared with the
preceding
$7,831,291
year.
Running expenses Louisv. & Nat-hv. RR and branches...
$2,297,399
The interest on the first
Interest account
i
mortgage of the Pittsburg & Connells¬ Discount on
1,0x74.284
ville Road is seven
tec-year bonds
per cent on $4,000,000, namely,
1(0,525
Discount on Cecil an Branch bonds
$280,000.
After the payment of this amount from the
24,000
Discount on State of Alabama 5
net
per cent bonds
earnings, it will Running
96.615
be noted that $305,520 have been
expenses,
N
&
RR
D
earned, which is applicable Interest
400,111
4o the interest on
account, N. & D. RR
i
.
...
the
-
sterling loan of the
Pittsburg & Connellsville Road.
'I he amount of this
interest, including the interest
on the
sinking fund of that company, is 379,262. It will thus
be seen that, with this
gratifying improvement, the Pittsburg &
Connellsville Company has not only earned the
interest on its first
mortgage'bonds, but within $73,742 of the entire interest
upon
the sterling bonds issued
by it also. The large development of
important interests upon its road and branches, and the
heavy
business of the great
manufacturing and commercial centre,
Pittsburg, its present terminus, promise a continuance, not
only
of equal, but of
steadily improving, results.
BALTIMORE & OHIO AND CHICAGO
RAILROAD COMPANIES.
The
earnings
were
working
$99,863
expenses being 59 38 per cent.
more tliau in the
previous
year,
whilst the expenses decreased
$206,404, showing a net increase
compared with the previous year of $306,268.
The rental of the
Sandusky Mansfield & Newark Road (Lake
E rie Division) is $174,350
per year.
The
excess
of
net
earnings
the rentt-1 is $59,877, which has been
credited in the interest
of the Main Stem on account of
advances made for the
permanent improvement of that road.
President Garrett stated at the annual
November
over
cars and
Sundry charges
by the
use
meeting
18,
of the earnings represented
by the dividend in
Stock which had been
declared, namely, $546,472, and from addi¬
tional net earnings, the
floating debt had been further reduced
eince the close of the fiscal
year, 30th September last, to the
amount of more than one million of
dollars.
Dividend No. 23
Dividend No 21, payable 10th
August, 1878
company’s report
was
given,
it
Chronicle of
as soon
as
’appeared in the Louisville newspapers, in the
October 5, page 854.
Additional details from the
pamphlet
report are given below.
The following is a condensed
statement of the
earnings of the
135,057
135.117-4,526,527
Balance to credit June 30, 1678
$i,304,764
GENERAL BALANCE
SHEET, JUNE
Total cost of
ro
id to June
30, 1878.
30,1878
$C4,066,919
Besources.
Due from
transportation department
Ten-year mortgage told bonds
$227,199
711.015
cecilian Branch mortgage bonds
Sundry railroad bonds
Sundry railroad stock
Louisville Biidge Company stock
Pullman Southern Car Company stock
Sills receivable
880,000
487,046
1,244,4t>l
157,8iO
64,000
51,072
376,820
,
Sundry railioads and persons—
Real estate, timber and
quarry lands
South & North Alabama RR. second
mortgage bonds
South & North Alabama Railroad
Company
Nashville & Decatur Railroad
Company
Cecilian Branch
Shop and fuel stock. L. & N. RR. &
Branches, $291,270 ;
do. N. & D RR., $26,502; do. S. & N. A.
RR,, $51,682..
Cash, Louisville, $61,457; do. New York, $87,389
Capital stock
Bills payable
959,454
1,000,000
575,8*5
389,023
583,983
369.450
148,646— 8,249,059
$-32,315,979
Liabilities.
Due sundry persons
Due purchasing committee, Cecilian Branch
Bills and pay-rolls unpaid
Iutere t due July 1 and August 1
Back dividends
Dividend No. 24, due August 10
Conso idated mortgage bonds
....
$9,0:7,818
....
$1,386,098
133,638
269.100
.
Ten-year mortgage gold bonds
Mortgage main office, lot and building
Louisville & Nashville Railroad.
(For the year ending June 30, 1878.)
Ad abstract of this
34,682
98.553
30,6:8
...'
:&ccount
that
149,501
engines. N. & D. RR
.
The earnings of these
companies, known as the Chicago Divi¬
sion of the Baltimore & Ohio Railroad
Company, for the fiscal
year were $1,057,558, and the working
expenses for the same
period, $628,010; the surplus credited to the account of
this
division is, $429,548—the
Hire of
Dividend account, N. & D. RR
Cecilian Branch mortgage bonds
First mortgage bonds Memphis & Ohio Railroad
Firstmoitg. bonds Memphis Clarksville & Louisv. RR..
First mortgage bonds Lebanon Branch extension
City of Louisville to Lebanon Branch
City of Louisville to Lebanon Branch extension
City of Louisville to main stem (no mortgage)
Profit and loss account
427,814
162,7)6
48,151
135,117— 2,562,675
7,070,000
2,000,000
'
70 000
1 0 0,000
3.50 '/iOO
2, *-04,720
86 000
8*5 000
333 0 0
850,000-17.440.7 X)
•
3,304,764
$32,315*979
November
For this sum, of which $111,277 were already a part of our
:
assets, we have added to our railroad about twenty-two miles.
The bonded debt of the company has been increased during;
Kailroad.
(For the year ending September 30,1878.)
fifteenth annual report furnishes the following informa¬
Old Colony
The
tion :
receipts for 12 months were
Expenses for lv months
earnings
Interest acc’ued during year
.Ltss interest and dividends received
-.
premium received
on
due
last report.
of notes to the amount of
•
Deduct dividends, $6 per share.
Add for
diminished
The bills payable have been reduced by the paymenjk
$444 386, making a reduction of debt
for the year of $208,386.
This reduction has been largely made*
$729,124 by applying earnings and assets on hand at the commencement of
the year, including the improvement account.
$391,182
6?,186— 322,995
In the coal traffic of the year there has been a decrease of
$406,128 50,020 tons, representing a decrease in earnings of about $50,000k
$404,028 This
may partly be attributed to the great increase last year of
..
'.
Town, city and State taxes...
by the issue of $250,000 six per c*nt bonds, and basbeen
by the payment of $14,000 of the seven per eentbonds^
August 1, 1877, which remained unpaid at the date of
the year
$2,1(3,461
$1,294,114
80,222—1,374,33?
The gross
Net
24,811 tons.
£2,00
2,750
bonds sold.
have*
tbe
In rendering accounts to the railroad commissioners, we
been required, for some years, to unite in one item, under
title of “ surplus,” the two credit items called on our books
$4,850
Surplus for the year
Surplus, September 30, 1677.
.
756,363
...
premium on stock” and “income.” To make the accounts agree
with those made to the commissioners, a “ surplus” account has
been opened.
While it has been somewhat increased by
business of the year, charges have been made to reduce the
of various properties which appear over-estimated on the
The present credit is $709,054.
It is not to be considered thafc
this large amount of past profits is on hand in cash.
$761,213
From this amount has been c.h
shown in “ surplus aco-unt.”
rged oft', as hereafter explained,
and
$7C9,034
included the net
are
earniDgs of the company
It simply
earningsahdl
compared with the previous year 1876-7
been invested
in the property of the company.
In the judgment of the directors*
$104,570 it is more than sufficient to cover any possible depreciation in tha
represents the amount of money received from
other sources, besides stock and loans, which Lias
as
Decrease in receipts
Decrease in working expenses
The balance of interest account was, for die year
66,756
ending September
322.995
346,37)
30, 1878
For the year
tbe
value*
booka.
52,159
.
Surplus, September 30, 1878
In this balance
since Judc 1 last.
The differences
were as follows:
5S*
THE CHRONICLE*
23,1878.1
ending September 30, 1877
Decrease
The net
.
•••••
$23,378
'
earni-gs, after paying interest and taxes, v ere, lor m
year ending Sept. 3
1878
For the year ending September 30, 187?
*'*
406,128
407,485
,
$1,356
Decrease.
property now owned by the company.
In the coming year, $328,000 of notes
BALANCE
In the earnings and expenses of the current year are included
six months’ business of the Duxbury & Cobasset Railroad.
There has been a decrease in the freight tonnage of 83,914
tons, and in receipts from freight of $91,677. The coal tonnage
for 1878 was 106,293, a decrease of 50,020 tons.
The decrease in
the number of passengers carried was 46,488, and in receipts from
the pss3enger business was $35,053.
3,950.023
58,845,1-9)
Number of passengers carried the past year was
Number of passengers carried one mile
Number of tons of merchandise carried the pa-*t year
Number of tons of merchandise carried one mile
631,190
18,446,307
^
Extensive improvements have
been made during the year,
including the building of five stations, car and freight houses,
one iron
bridge, cars and locomotives, and the laying oi steel rails,
all of which has been charged to expense account.
About one
huudred and twelve miles of track are now laid with steel rails.
Iu the past year the Duxbury & Cohasset Railroad has been
oid
Total cost
....
Colony Steamboat Co. (stock account)
Fall lib er Warr< n &■ Providence RR. Co. (bond and stock
Nantucket & i; pe Cod Steamboat Co. (stock account)
Dorch;**ter & Milton branch
do ‘
do
(property
Peal estate...
Im rovement account...
Cash
on
79,01#
24,46ft
account)
i87,4$£
70,; OO
136,440
172.000
hand
Sicking fund for bonds due Oct. 1, 1880
Du ° from agents and connecting lines
62,88(\
82,305
..
Bills receivable
Deoit balances
.
107,539
24,689$13,6ia«*
.
1880
.‘
..
..
August 1, 1881
32,COO
Sept* mber 1, 1884
March !, 1894
June 1,1895
September 1, 1896
August 1, 1897
1.692,000
500,(00
1,100,000
1,710,000
<495,535
89,26a
13,7 ft
20,884
payable.
Accounts
payable.
3b,' C6
Dividends
8.3:3
17,6(6
Coupons
$6,'733,*09
RO.O0O
265,509
125,000
October 1, 18 1
unpaid.
tint aid..
Creait balances.
65
Surplus
..
7OP,0c-#
$13,626,82SI
$132,495
MASSACHUSETTS
(For the
3*8,605-
15,310-
.
Materials
l,191,31i*
725*500
36,937 *
..
....
Bonds ciue October 1,
3,551
account)
Union Freight RR. Co. (stock account.)
Bills
..
$10,282,29!
Equipment
Capital stock....
$66,937
Debts paid..
30, 1878.
Construction
items:
at
SHEET, SlrPT.
Dr.
purchased. This road was completed in 1873, at a cost of about
$450,000, extending from Coliasset, the terminus of the South
Shore R^lroad, to Kingston, on the Old Colony Railroad, about
twenty-two miles. Its cost to us is made up of the following
Notes held ty us, and included in cur bills receivable
Amount due us for interest and on business account
Stock owned by us, 1,25c shares, valued on our books
Stock purchased, 2,659 shares
payable, issued severs!
bearing interest at the rate ot seven per cent, will
become due, and may be funded at a lower rate of interest.
The
authority given by stockholders, at the meeting of November^
1876, still authorizes the issue of notes and bonds to meet mature
ing debt to the amount of $300,000, and will suffice for thift
purpose.
~
’
years ago, now
RAILROADS.
ending September 30, 1878.)
year
From the returns made to the State Commissioners, the summaries below are condensed :
STOCK AND DEBT.
Fail Riv.
Boston &
Maine.
Capital st<"ck issued
Total am’ut of funded debt
To»al am’nt unfunded debt.
Total
e
expended for
Eastern.
New York
N. Haven
Hartf’d.
New LonNorwich
don
&
Boston &
Connecticut
Lowell.
Cheshire.
River.
Worcester. Northern.
$6,921,274 $4,997,600 $15,500,000 $3,250,000 $2,085,925 $2,102,000 $2,M)4,4()0 $1,5(0,000 $2 00 ,000 *1,7.39,800 $150,000 $3,047,TOO
1,000,0'0
117,0; 3
300,000
2,807
3,169,wet
i,35pm
2,136,479
390,0c6
310,747
4,870,683
800,539
2 319,610
2,426,595
3,719,521
3,054,825
2.520,565
3,136,09-J
310,747
313,843
7,250,3#
5,441
$185,559
$340,195
$191,088
$19,608
$391,795
461,441
234,865
470,455
519,596
279, If 1
666.183
865,791
413,-240
0,509
26,117
561,765
953,561
396,862
403,7(3
395,635
2( 5.6h6
276.567
78,019
(1)21,000 (8) 168.000 (10)259,780
845,524
21,421
- 578,81-6
340,845
170,431
(6) 00,000
53,106
580.(61
279.835
304 888
17,881
8,2 9
683,9»
258,35#
<
87,5(0
1.176,000
3,500,000
117,910
13,587,021
1,505,248
2,449,5(0
424,462
816,5 0
306,204
26.312
361,261
400,0(0
31,023
9,513,215
7,000,000
905,000
12,8*9 594
2,154,454
4.587,920
509,714
2,395,268
322,<.66
2,396,03?
24LV33
3,205r435
179,750
2,052,708
231,9(2
2,918,982
1,242,230
11,543,062
9,398,810
15,733,002
17,9*24,841
6,040,148
6,577,574
2,717,535
2.740.103
3,040,538
3,040,148
3.659,223
3,891,953
con-
traction
Tot. expended for equipm’t..
Total am’nt of permanent
investments....
Frovid’ce WotceH- Wnrien Bos. Clint.
Fitch.
trr &
& Provi& Wordence. New Bedf.
Nashua,
c st* r.
Total property and assete... 12,041,411
9,846,357
1:0,988
t
68 *241
974,449
0,020,(3
EARNINGS AND EXPENSES.
Total receipts from passenger
dcpnrtment
Total receipts from
department
$1,340,492 $1,465,998
$2,507,603
$499,165
$149,839
$262,792
1,309,778
3,817,281
572,246
2.100J41
911,993
2,397,994
1,071,41!
371,7(8
527,582
283,056
575,848
1,359,367
1,581,123
717,091
(6) 420,000
629,792
2,268,492
1,69),489
freight
-
Total transportation
earn’gs
lotal expenses of operating
the road
Total net income
.
Dividends declared
•total surplus
Sept. 30, 1878
.
760,248
(10)1,550,000
1,502,226 *10,208,602
2,114,147
761,538
269,(64
(2) 65,000
453,611
including gravel)
Total
one
mile
Average rate of fare
per
....
*
Deficit.
.
*95,673
IN TRANSPORTATION.
325,977
94,054
088,43
4,197,991
3,555,468
1,935,843
1*24,321
$946,900
335,0(0
'281,359
1,627,247
64,292,723
61,706,681
105,458,051
24,111,952
3,948,339
9,754,529
6,397,528
4,765,054
13,973,108
5,703,761
567,156
13,241,40T
582,851
697,967
898,799
604,122
419,309
322,900
403,094
294,539
621,722
313,962
25,310
550,16#
28,949,165
39,116,073
45,594,854
16,752,406
22,278,235
7,117,628
14,113,339
11,610,469
17,916,241
228,899 .27,(60^279)
1-96
2-203
2*29
*0206
•032
•0275
*032
3*5
2*36
3*1
225
2 33
3* 07
•0341
‘0162
•04
•C325
2*4
2*90
mile
for all passengers
cts.
per ton per
mile of all freight
cts.
Average rate
....
229,766 *138,963
4,564,171
freight mileage, cr
tons carried
(4) 80,000
110,5S4
83,060
i
DOINGS
Total passengers carried....
Total passenger mileage, or
passengers carr’d one mile
Number of tons carried (not
<2
«
2*725
*284
25
a
538
THE CHRONICLE.
Evansville & Terre Haute.
{For the
Capital stock Michigan Midland & Canada Railroad Com¬
ending August 31, 1878.)
This company was formerly the Evansville & Crawfordsville.
The annual report furnishes the following figures:
The general account gives—
Stock
Bonds
year
$1,120/16
1,017.* 0)
.
Accounts and balances due
'.
Earnings used in construction and income
41,005
1,167,302
accouut
Total
Construction, &c
$3,345,724
$3,167,288
,
Stocks
Fuel and materials
28,065
132,370
$3,345,724
Of the stock, $100,000 is preferred stock.
Of the bonds, $125,000
are secured on the Rockville Division.
The work done for the year included the items
below, viz.:
1877-78.
1876-77.
Passengers carried
Passenger mileage
Tons freight carried
143,603
4,577,090
332,700
12-2,485
4,102,386
Per passenger per mile
Per ton per mile
3‘53 cts.
ITS cts.
3'60 cts.
1‘83 cts.
earnings for the
year were as
Express, mails, etc
Rents
Total
Expenses
earnings.
The payments from net
Net earnings
Interest paid
Two dividends,
earnings
1877-8.
1876-7.
$165,364
378,162
21,2:2
$147,201
30s,577
18,210
21,831
18,316
$583,019
404,270
$495,927
350,215
$178,748
$145,711
were as
follows:
$178,748
$81,401
per cent
45,158—
127,159
Surplus
$51,588
From this surplus 26 main line and 20 Rockville Division
bonds were bought for the sinking fund at a cost of
$45,600.
During the year 206 tons iron, 1,587 tons steel rails and 58,295
new ties were laid ;
500 tons steel have been bought and laid
since the close of the year.
This leaves 10 miles of the original
iron laid in 1851, which must be
replaced next season.
GENERAL INVESTMENT
NEWS.
place, all interests were
represented, and it was unanimously agreed to make the entire
quota of coal for the current year 17,000,000 tons, allowing the
several interests to ship their quota in such times of
November
and December as may best suit their
particular requirements.
The division of the
quantity requisite to make the total output
for the
17,000,000
tons is as follows:
QUOTAS FOR NOVEMBER AND DECEMBER.
Tons.
Philadelphia & Reading Railroad
Lehigh Valley Railroad
Central of New Jersey
83.*,587
...
589*595
433,837
Delaware Lackawanna & Western
Delaware & Hudson Canal
*...
Pennsylvania Railroad
Pennsylvania Coal Company
442.009
4y^H41
208,673
223,644
Total
3,223,989
Ashtabula &
Pittsburg.—This company, successor to the
Youngstown & Pittsburg, has executed a mortgage to
Ashtabula
issue ot $1,500,000 new 6
per cent bonds. The new
bonds are to replace the old issues in accordance with the
agree¬
ment of reorganization.
The company has also made a new con¬
tract with the Pennsylvania
Company, which works the road.
secure an
Atlantic & Gulf.—It is rumored that the Central Railroad &
Banking Company of Georgia has purchased the entire issue of
second mortgage bonds of the Atlantic & Gulf
Railroad, amount¬
ing to $1,500,000.
Baltimore City Bonds.—Bids for bonds to fund'
$1,000,000
of the city's floating debt were
opened November 19. The bonds
to be
issued will bear five per cent interest.
120 and aggregated nearly
The bids numbered
$4,000,000, all being above
par. Only
$400,000 ot the $1,000,000 will be awarded to outside parties
at
this time.
Of this sum $200,000 to Brown &
Lowndes at
104 4-100 and $200,000 to Johnston Brothers & Co. at,
104 2-100.
Some $300,000 wilL also be
given to the McDonough Educational
Institute at the average rates of accepted
proposals.
Buffalo New York & Philadelphia.—I his
company is now
offering new 7 per cent bonds for sale or exchange, for the pur¬
pose of retiring its ten per cent bonds, the right to
pay off those
bonds after five years
having been reserved. The
circular states that last year’s net
earnings showed
able surplus, after
paying all charges. Those not
will be offered for sale.
Mr. E. C. Spaulding, of
ducting the negotiation for the
company’s
a
consider¬
exchanged
Buffalo, is con¬
company.
Canada Southern.—The stock of the Canada Southern Rail¬
way Company has been added to the regular Stock
Exchange
list. The following is the official statement of the
company :
ASSETS
Construction
‘
Capital stock Canada Southern Bridge
Company
Capital stock Toledo Canada Southern & Detroit
Railway
Company
Capital stock Erie & Niagara Railway Company
a
.940,000
1,451,256
600,000
189,495
Company
Capital stock New York Central Sleeping Car Company.
way
Materials
Cash
35,000— 3,215,751
25,000
...
on
hand
287,150
164,534
•
Total
$27,919,013
LIABILITIES.
Capital stock
$15,0(0,000
.
New fir.-t mortgage bonds, actual issued
New first mortgage bonds, held for
refunding scheme, viz
exchanges under
$10,862,686
:
For $537,500 Canada Southern firsts at
par
For $354,465 Canada Southern seconds at
31#....
Unpaid vouchers
Unpaid wages (October, 1878)
Sundry accounts payable, provided for by
bonds
new
Income account
537,500
111,656—
£07,498
80,678-
11,511,843
388,177
first mortgage
~.....
624,087
394,904
$.225,000
858,000
100,000
Memorandum
bonds:
showing application of the
$27,919,013
new
first mortgage
Total issue
Applied to the refunding scheme, as above set forth.. $11,511,843
Held for purchase of bonds of the Cauada Southern
Bridge Company, Toledo Canada Southern &
Detroit Railway Company and Michigan Midland
& Canada Railroad Company
145,651—
Remaining to provide for the abovo item
of
accounts
($624,087) and for the general purposes of the company
$14,OCO,OCO
•
11,657,505
payable
$2,342,494
The
capital stock of the company consists of 150,000 shares, of
$100 each.
Directors —William H. Vanderbilt, C. Vanderbilt, J.
Tillinghast,
E. A. Wickes, E. D. Worcester, Augustus Schell, Samuel F. Bar¬
ger, Sidney Dillon, William L. Scott.
Officers—President, J. Tillinghast; Vice President, E. A.
Wickes; Secretary, Nicol Kingstnill ; Treasurer, C. Vanderbilt;
Assistant Treasurer, M. H. Taylor;
Assistant Secretary and
Transfer Agent, C. F. Cox.
New York office, Grand Central Drpot.
C. Vanderbilt, Treasurer.
•
Chicago & Michigan Lake Shore.—This railroad was sold
for the bondholders, on foreclosure, at
Grand Rapids, Michigan, on three
mortgages, amounting in the
aggregate to $937,706. It was bid in for the bondholders by Charles
Nov. 16 by the trustees
Anthracite Coal Trade.—There is a proposition
pending to
continue the present combination till
April 1, 1879, to allow time
for the settlement of new terms for the
At a meeting
year 1879.
of the board of control, held at the same
year
$204,123—$1,387,125
#
235,308
follows:
Passengers
Freight
Net
pany
r
First mortgage bonds Canada Southern Bridge
Company.
First mortgage bonds Toledo Canada Southern &
Detroit Railway Company
First mortgage bonds Erie & Niagara Railway Company
First mortgage bonds Michigan Midland & Canada
Railroad Company.
*
First mortgage bonus Chicago & Canada Southern Rail¬
18,000
Cash, claims and receivables
The
[Voii. XXVII.
$22,839,453
Francis Adams, Jr , one of the chief bondholders
of the road under the old corporation, for
and managers
$105,000.
Denver & Rio Grande.—Mr. Wm. J. Palmer, the
president of
this company, issued a circular, dated Nov.
11, in reference to the
proposed equalization of the stock and debt per mile with that
of the Pueblo & Arkansas
Valley Railroad Company.
The recent negotiations with the Atchison
Topeka & Santa Fe
Company had for tlieir object the consolidation of the company
which has built and is building the various extensions of that
line, called the Pueblo & Arkansas Valley Railroad Company,
with the Denver & Rio Graiide
Company. From the circular the
following is condensed :
As the closest practicable union, short of
consolidation, .the plan of lease to
the Achison Comuariy was adopted, coupled with a
separate personal agree¬
ment made with Wm. J. Palmer for the
interchange of stocks of the Denver &
Rio Grande and the Pueblo <fe Arkansas
Valley Companies, on the general
principle of equalizing the sum of the stock and debt per mile of the latter
company with the sum of the stock anu debt
per mile of the former. The
stock of the Pueblo & Arkansas Valley
Company is $15,^38 per mile, and that
of ihe Denver & Rio Grande Company $25,222
per mile.
The siock of the
former company has a debt of only $li,73J
per mile ahead of it; the debt of
the latter is accepted under the agreement at
$22,664 per mile ; but this does
not include a further debt caused by work done anu
expenses incurred on
account of the Leadville Maxwel1 & Santa Fe extensions
(expected to be paid
from subscriptions, which, by reason of this
utilized),
negotiation,
cannot
now
be
as well as other liabilities and the expenses of closing up.
The
exact amount of this further debt cannot be accurately
determined until the
accounts have all come in, but the total will not
exceed $50‘\000.
The
interests of the bondholders are well protected
by the lease, in which it is
the
rental
shall
provided that
entire
be deposited monthly in trust, to be
*
applied as follows:
First—To payment of interest on the debt of the Denver & Rio Grande Rail¬
way Company to ihe amount of $22,664 per mile.
Sefond—To paying oil' debts not included in the above
$22,664 per mile
which are not in the form of mortgage bonds, and wl ich amount to
$210,100.
Third—If any surplus remains, it must be
applied to the redemption and
cancellation of the first mortgage bonds, at the market
price, up to 1J per cent
premium.
Although under the above provisions the probability of any direct returns
from Denver & Rio Grande stock is, to say the least,
remote, the separate
agreement for the conversion of this stock into that of the Pueblo & ArkansasValley Company secures to those who take advantage of it the full benefit of
the pian for the blending of interests.
The personal agreement provides that
$1,703,0 0 Pueblo & Arkansas Valley stock, or such portion of it as miy be
called for by William J. Palmer, shall be
applied through him to the payment
of the said debt in excess of $22,664 ner mile, and to the
interchange jn'O rata
with the whole $8,500,(00 of the Denver & Rio Grande
stock, or so much
thereof as may be presented >*y him for
exchange. This interchange of stocks,
which can omy take place through William J.
Palmer, is not a matter of
agreement or of right betwe u the two companies, but simply a personal
undertaking whereby all stockholders who choose to join within a certain
time can secure the advantages which would have been derived from a
merger
of stocks, as well as exemption from that risk to the Denver <& Rio Grande
which necessarily results from the transfer of
possession and control to a
rival company.
—The statement of the Denver & Rio Grande
Company, dated
October 1, and recently submitted to the committee o£ the New
York Stock Exchange, contained the
following :
The length of completed road at this date is as follows:
From Denver to El Moro and Alamosa
Branch to El Moro Colliery
i
From Pueblo to Canon City and Collieries (Arkansas
Total in
operation
Capital stock in shares of $100 each, fully paid
.
Miles.
2ST1
3
......
Valley Division)...
43
337
$S,500,000
November 23,
FINANCIAL STATEMENT,
AUGUST
31, 1878.
$16,027/37
120,587
84,25
101,66
Construction and equipment.
Expenditures on account or extensions
C'anh it) bank arid debts due by the compiny
Material on band
,
$16,333,843
Capital account—capital stock
'Eir-t mort 7’s sold bonds “ main line.”
coupon
Total amount,
$8,500,000
804,500
certificates, at 80 per cent....
$5,578,000
Ann
n
11 VI
4-
-v-»
L nH/1
11 *1 n
lO Q n f 1* f 1
/\1 71
bonds sold ... — .
5,183,000
,4£rk. V*l. Div.” held in trust
tlie'bond* of the Cent...AColorado Improv. Cn
.
1,040/00
HR •!
Balance first mortgage
irst m<Tt. 7’s gold bonds
to secme
a.
Unissued
or i,or
216,547— 643,600
reported
215,221—15,581,821
2145,838
73,411
Three and five yeai loan
Balance of income account to
July 31, 1878
Agents’ and conductor-’ remittances dnringAugust. 1878Less amount of agents’ uncollected bills
$32,128
L< ss unaudited bills and discharged men paid
59,222—
27,093-
in Aneust
Debts clue by
539
THE CHRONICLE
1878. j
the company
14.189
441,994
$16,3:3,843
above account it will
floating debts due by the c mpany
Exceed those due to the company
By the sum of
..
Note No. 1.—In the
be eeen that the
$411,994
84,255
-
To meet which the company have the following:
st. Unsold bonds as above. $39*,000 worth, say at 73 p. c..
d. New consolidated mortgage bonds, which are to be
issued to subscribers f< r the * xtemions now build¬
ing, at 80 per cent, and which thereby will replace
cash expended in said extensions as above
$357,739
$296,230
the
Memphis EL Faso & Pacific.—Mr. John A. C. Gray, Re¬
of this defunct corporation, gives notice
that, under an order of the United States Circuit Court in the
case of Forbes and others against the company, he
will sell in
New York, Nov. 23, 128,000 acres of land in Callahan, Eastland,
Clay, Brown, Stephens, Cooke, Jones, Wilbarger, Dimmit and
Baylor counties in Texas; also fifteen lots of land on One
Hundred and Thirty-second street in New York.
The sale will
be held at the Exchange Sales Room, No. Ill Broadway, at noon.
Montclair & Greenwood Lake.—Iu the case of Ramsdell
against the Town of MoDtclair, the United States Circuit Court
at Trenton, N. J., lias decided that the bonds issued by Montclair
in aid of this road were legally issued and are valid.
The town’s
defense was illegal issue and unconstitutionality of the law
authorizing the towns on the line to issue bonds. The Montclair
case
was
a test one, and those of the towns of Kearney and
Pompton and the city of Newark, as representing the annexed
town of Woodside, will be governed by this decision.
New York Lake Erie & Western (Erie.)—A comparative
statement of earnings aud working expenses for the month of
August, 1877 and 1878, was issued in London, Nov. 4, as follows:
ceiver of the property
1678.
1877.
earnings
Working expenses.
Gross
*
$1,271,130
829,592
$1,445,929
876,125
$441,537
$569,803
The increase in the net earnings for the month is $12S,265
and for tk« first eleven mouths of the financial year $1,041,823
Yours obediently, •
J. D. Ayers, Secretary.”
Erio Re-construction Trustees, 1 Queen Victoria street, Nov.
120,587—416,837 4, 1878.
New York & Oswego Midland.—The scheme for a re organiza¬
I eaving a margin
$59,098
Note No. 2.—Sept. 10, 1878. The $395,000 unsold bonds have since been dis¬
tion of this railroad has been agreed upon by the joint committees
posed of at 75 per cent (»*x cert.iicate), enabling the*fl >ating liabilities to be of the receiver’s certificates and the first mortgage bonds.
It
reduced by the amount thereof.
provides
for
an
assessment
of
$120,000
certifi¬
on
the
receiver’s
N >te No. 3.—The earnings and expenses of all the Denver & Rio Grande
railway line* for the twelve in«»nth- ending August 31. 1878, with the line in cates, and of $80,000 on the first mortgage bonds, to meet the
operation to Garland, 304 to : 07 miles since August, 1877, and to Alamosa expenses of foreclosure and re-organization—thus each $1,000 of
337 miles since July 1, lc>78, were as follows:
Gross earn.ngs
$937,234 receiver’s certificates will subscribe $80 for the new bonds, and
Expenses.
’
569.297 each $1,000 of old first mortgage bonds will subscribe $10.
The rate of interest to be paid by the holders of preferred srock
Net earnings
$417,942 is fixed at 6 per cent, and it is to be noncumulative. The
In the four months since May 1,1878 (when full interest began
exchange for the present debt, principal.and interest, is to date
to accrue) the earnings have been : Gross, $418,048; net, $188,935;
from January 1, 1879, preferred stock of the successor company
cr at the rate of—gross, $104,662, and net, $47,233, per mouth.
to be given in exchange.
The entire issue of preferred stock is
Bonded Debt.—First mortgage bonds, covering the 291 miles to be limited to $2,000,000, and it is to be a first lien on the net
from Denver to El Moro and Alamosa, known as the “ main
income of the railroad, after paying the' operating expenses,
line.” These bonds are dated April 13, 1871.
The principal is including taxes, renewals and repairs to the extent of 6 per cent
payable November 1, 1900, in gold coin, in New York or London, a year from the net income of the company each year, provided
at the option of the holder.
Interest is at the rate of seven per so much is earned; and if so much is not earned, the d vidend
cent per annum in gold coin, free of United States taxes.
Cou¬ of whatever net sum is earned iu that, year is to be paid. At no
pons payable on May 1 and November 1 in New York, London time is this dividend to become a charge on the income of the
..
or
Amsterdam, at the holders’ option.
issued, the amount of these
When all
Amount srld.
Reserved to fund
the ten-year coupon
Total authorized —
Of thc^e there are 6,258 bonds,
$1,090 each
And 249 bonds,
bonds will be as follows :
certificates
$5,.578.000
804/00
$h,3-2,5uu
numbered 1 to 6,2.8 inclusive, of
numbered 1 to 24 ) inclusive, of
The earnings of
these bonds during
the completed part of the line
cover
are
$6,258,0 to
$6,382,503
Total
only mortgage authorized ever to be issued is for $200,000
the cost of foreclosure and re-organization. The holders
of receiver’s certificates and notes and of the first mortgage bonds
to
124.500
$500 each
road.
The
covered by
to
subscribe pro-rata
for enough
of
the new mortgage
bonds to meet these expenses, at the rate of $80 on each $1,000
lor receiver’s certificates, and the first mortgage bondholders pay
at the rate of $10 on each $1,000 of bonds.
For this they are to
receive new mortgage bonds at par, payable in ten years or
sooner if the company shall elect, at the rate of 7 per cent a year.
The new board of directors is to consist of thirteen members,
the twelve months ending August 31, 1878,
averaging 265 miles during that period, were as follows (esti¬ eight to be chosen by holders of preferred and five by holders of
mating August net the same as Julv) : Gross, $785,876; net, common stock. The committees, in concluding a long report, say:
If this plan of re-organization shall prove a success, the company
$384,019. •
The above comprise all bonds of the company, except those of will own 342 miles of well-equipped road, of which 248 miles
the Arkansas Valley, or Canon City Division, forty-three miles will be in the main line and 94 miles in branches, represented by
$200,000
long, which are issued under an independent mortgage and are Mortgage debt
2,000.060
all held in trust to secure the bonds of the Central Colorado Preferred stock
Common stock
13,000,000
“
Improvement Company.
.Amount of these Arkansas Valley
Denver & Rio
Division bonds is $1,040,000.
The trustees of the
Grande mortgage are J. Edgar Thomson, Samuel
Meyer. All bonds of $1,000
executed by Louis H. Meyer only, he
and remaining trustee.
Louis II.
M. Felton, and
each, after No. 3,159, are
being the sole surviving
Elizabeth-City Bonds.—The city of Elizabeth, New Jersey,
borrowed money to meet its current expenses.
The tax
has
arreagps now amount
est is due, making a
to
$345,352, upon which $80,000 inter¬
total of $425,352. Tfie institutions from
which the money has been borrowed have held these tax bills as
collaterals. It is proposed to fund the entire amount, and for
this purpose a scheme is on foot to issue 6 per c -nt bonds to the
amount.
Pacific—Union Pacific Central Branch.—The
Secretary of the Interior has decided the long-pending controversy
concerning the large body of land claimed both by the Central
Branch of the Union Pacific Railroad Company and by the Kansas
Pacific Railroad Company. The land is situated opposite the first
one hundred miles of constructed road west of the Missouri River,
and within overlapping twenty mile limits of the two land
grauts. He finds that the grant to each company was made by
the same acts of Congress, and that the right of either company
does not depend upon priority of location or construction.
He
decides that the lands situated within their overlapping land
grant limits should be held to iDure jointly to botli companies.
Iu vi ew, however, of the questions which were discussed iu the
necessary
Kansas
Dudymott case, the Secretary directs that the subject of trans¬
ferring the title to these lands be reserved for further consider¬
ation.
The Secretary rules that the patent executed March 20,
1876, in favor of the Central Branch Company, for 73,000 acres of
the disputed land was rightly canceled by his predecessor.
$15,200,000
Total
“
of
The agreement, to be bindirg,- must
$750,000 of receiver’s certificates
be signed by the holders
at par value
before
December 17.”
A
meeting of bondholders assenting is
Coal and Iron Exchange,
called for Dec.-17, at
and the committee say
after that time for those who do
not approve, and ask them to take back their bonds and return
The recommendation is made by C. N. Jordan,
their certificates.
Henry Amy, Edward Livingston, F. P. James, Theodore Houston,
Eiwin Houston and N. A. Cowdrey.
The new mortgage debt
is to be paid off from the first net earnings of the new company,
and the mortgage satisfied on the records.
No mortgage except
this $200,000 shall ever be placed upon the railroad or property,
unless a majority of each class of stockholders shall give written
11 A. M.. in the
they will decline to act further
assent.
—A meeting
receiver’s certificates was held
$900,000 certificates, out of $1,352,555 certifi¬
cates, were represeuted.
The plan of re-organization was
adopted, and a sub-committee was appointed to draft a formal
agreement for signature by the certificate holders.
of the holders of
Nov. 21. at which
Ohio &
Mississippi,—Proceedings were recently begun at
bondholders of this railway,
bonds, looking to a foreclosure
of the second mortgage.
The American Exchange says: “ This
movement is in opposition, we are advised, to the efforts of Mr.
Garrett, of the Baltimore & Ohio, to secure control of the mort¬
gage by the appointment of himself [his son, Mr. Robert Garrett?J
*
* It is stated that Mr. Garrett is soliciting
trustee.”
*
signatures to a petition to the Court for the appointment of his
Indianapolis by second mortgage
representing about $500,000 of the
as
son as
trustee of the
second mortgage.
540
THE [CHRONICLE
Philadelphia & Reading*.—Comparative statement of gross
receipts of the Philadelphia & Reading Railroad Company for the
JTtc ©omwcrciut '£imcs.
month of October:
1877.
Yr. to date.
,
Gross
receipts.
Month.
Yr to date.
Month.
$1,205,372
$10,182.7^2
140,442
$1,330,857
790,407
$11,205,232
127,106
693,030
40,171
13.686
487,201
92,728
54,745
5S6,374
117,881
Total railroad company.... $1,408,674
Railroad traffic
Canal traffic
Steam colliers
Richmond coal
barges
Readiog Coal & Iron Co...
Total of all
The mines of the
this month, as against
15,061
$11,553,099
$1,727,774
910,521
7,062,996
1,129,021
$2,319,195
$18,616,093
$2,61.6,796
worked but
27 days in October of last year.
company
were
$12,805,540
9,052,645
$21,853,186
21
days
Pittsburg City Bonds.—A press despatch from Pittsburg,
Nov. 18, said that a decision had been rendered by the Supreme
Court in the case of the Commonwealth, ex rel., Henry Wheeler,
•
agent, against the Councils of the City of Pittsburg. The action
was brought to compel the Councils to
pay the interest on bonds
to the amount of $5,000,000, which were issued for street improve¬
ments in that city.
Tlie lower court decided that the bonds were
not city bondp, and the city could not be held liable for their
pay¬
ment.
The Supreme Court reverses the decision of the lower
court, and decides that all bonds issued under the Pennsylvania
Avenue act were constitutionally issued, and that the
city is
bound to provide for the payment of both interest and
principal.
The Court also issued a peremptory mandamus on the City
Coun¬
cils, directing them to take immediate measures to meet the
interest
now
overdue.
Portland &
Ogdensburg.—A majority of the bondholders of
the Vermont Division having assented to the plan of
re-organiza¬
tion adopted at the Springfield, Mass., meeting, its provisions
will now be carried into effect.
The new
company will be
organized with a first mortgage debt of $1,250,000, and with
preferred and common stocks. The new first mortgage bonds
will be apportioned as follows :
For first mortgage bonds, whose
present or former owners have not assented to the agreement for
the issue of the preference bonds, shall be given 51
per cent of
their par value in new bonds; for first mortgage bonds, whose
present or former owners have assented to the agreement for the
issue of the
preference bonds, shall be given 41 per cent of their
par value in new bonds ; lor preference bonds, actually issued,
shall be given 62£ per cent of their par value in new bonds.
Preferred stock will b9 issued to all bondholders for the remain¬
der of the par value of their bonds and interest thereon, matured
and unpaid, to the first day of May, 1873,
except that in those
cases where bonds
have been hypothecated for loans, such
preferred stock shall be issued for only the remainder of the loan
and interest to the first day of May, 1878.
Preferred stock may
be issued in settlement of all other lien claims as
may be deter¬
mined by the trustees, and also for matured and unpaid
coupons
due on or prior to May 1, 1878.
To holders of unsecured claims
against the company will be issued new common stock in lull
settlement of their claims, in such proportions as
may be decided
upon by the trustees.
Messrs. C. W. Hassler and others are the
COMMERCIAL EPITOMK
Friday
Night, November 22.
rainy over a considerable section of the
country during the past week. This fact, in conjunction with
the advanced season, has imparted quite
a serious check to the
wholesale trade, while the speculations in cotton and wheat have
retarded business in them for export.
Taken together, there¬
fore, the week has been an unsatisfactory one in general busi¬
ness ; and the position
does not promise any important change
The weather has been
till after the
holidays.
Provisions have been
only moderately active, and prices have
giving way, under the large receipts of swine at Western
markets.
Pork sells at irregular prices on the spot, but old mesa
was placed at
$7 55 for December, and new mes3 at $9 for February.
To-day, new mess sold for February at $3 30. Lard
declined yesterday to $6 17£, spot and January, $6 25 for Febuary, and $6 32£ for March, slightly recovering towards the close.
To-day, the market was steadier at $6 20 on the spot, with sales
at $6 32| for February, and $6 37£ for March.
Bacon has been
more active, Western
long and short clear together selling for
November delivery at 4|c., and for December at 4^c.
Cut meats
have favored buyers, but were quiet.
Beef and beef hams dull.
Burter and cheese without important change.
Tallow steadier
at 6|@6f c. for prime to choice.
Stearine was active at 6f(a)7c. for
prime Western and city.
The coffee market has been
unusually quiet, so much so that
more
or less weakness has
been developed, though no actual
declines have taken place, fair cargoes being quoted at
14£@14£c.,
gold. Stock in first hands, 41,884 bags. Of mild grades, the late
sales include : 4,214 bags Maracaibo, 1,043 Savauilla, 3,010 St.
Domingo, and 298 Mexican, in lot3 for consumption within our
range ; also, 3,572 bags St. Domingo in transit to Europe.
Rice and molasses have sold only in the usual jobbing
way; yet
late figures have been steadily retained.
Refined sugars have
been
continued dull
and
quite weak ; standard crushed, 9.]c. Raw
grades have been alike dull and nominal, with fair to good refin¬
ing Cuba quoted at 6|@7^c.
Hhds.
Boxes.
49,267
9,660
4,261
3,077
17,664
Stock «Nov. 20. 1878..
trustees under bondholders’
agreement.
Stockholders’ Rights.—A press despatch from Washington,
Nov. 18, says:—A decision of interest to brokers and
joint stock
companies was rendered in the United States Supreme Court
to-day in the cases of the Western Union Telegraph Company
against Henry W. and Katherine J. Davennort. The question
involved was, whether or not a joint stock
company is liable to
[Vol. xxvn."53
The market for
Bags.
145,'89
157,529
44,528
Melado.
256,590
1,974
1,816
277
119
22,335
44,596
10,814
46,369
15,972
181,863
13
9,448
15,138
57,299
1,622
-
Kentucky tobacco has again relapse I into dulare only 450 hhds.,
of which 250
were for export and 200 for home
consumption. Prices, how¬
ever, remained firm ; lugs being quoted at 2-}(5)5c., and leaf, 5|@
13c. Seed leaf, on the contrary, has been much more active, and
an individual stockholder for a certificate of stock
which has prices have been well maintained.
Sales for the week have been
•been stolen from him, and which the
company, upon a forged 2,3j6 cases, nearly all crop of 1877, as follows : 210 cases New
power of attorney, has transferred upon its books to another
paTty. The court holds that there can be no question as to the England, 10@25c.; 2,316 cases Pennsylvania, ll@25c.; 300 cases
right of such a stockholder to have bis stolen shares replaced and State, 14c.; and 20 cases Wisconsin, oa private terms. Spanish
a proper certificate issued to him
therefor, and to receive all the tobacco has also been active, and the sales for the week are 900
dividends which shall have accrued thereon since the unauthor¬ bales Havana at
85c.@$l 17.
ized transfer.
Forgery, it is held, cannot confer any power or
There has been a fair movement in ocean freight room ; rates,
transfer any right.
The officers of the company are the custo¬
in the main, have been steady, though occasionally one or two
dians of the stock-books, and it is their
duty to see that all
transfers of shares are properly made, either
Late engagements and
by stockholders slight irregularities have been noticed.
themselves, or persons having authority from them. If, ou charters include: Grain to
Liverpool, by steam, 7£d. per 60 lbs.;
presentation of a cerficate, the company is in doubt as to the
authenticity of a conveyance or the identity of a person, it can cotton, £d. per lb.; bacon, 40s. per tou ; cheese, 50s.@52s. 61.;*
require the genuineness of the one or the identity of the other to cotton, by sail, 15-64d.; flour, 2s, 3d.; grain to London, by steam,
be satisfactorily established, but in either case it must act
upon 8a.: cheese, 50s.; grain, by sail, 7^d.; flour, 2s. l^d.; grain
its own responsibility.
to Avon-mou'Ji, Cardiff and Bristol, by steam,
8d.; cheese, 50s.@
Wrtbash.—At a special meeting of the board of directors, the 52s.
6d.; grain to Bayonne, 7s. per qr,; do. to Cork for orders,
resignation of Mr. James A. Roosevelt as president was received
5s. 9d.@5s. 10^d.; do. to French ports, 5s. 6d.@5s. 9d.@6s.; re¬
and accepted. Mr. C. K. Garrison
being chosen in his place. Mr.
fined petroleum to Bremen, 33. 3d.@3s. 4£d.; do. in cases to Alex¬
G. L. Dunlap and Mr. A. M. Billings,
both of Chicago, were
elected directors in place of Messrs. Gurney and Colburn, andria, 28|c.,
gold ; crude do. to Marseilles or Cette, 4s. 3d.
resigned. Mr. Cyrus W. Field resumes his position in the board
To-day, rates remained steady, though business was limited;
of directors, which is now composed as follows : O..K.
Garrison,
James A. Roosevelt, Cyrus W. Field, H. A. V. Post, Morris K. grain to Liverpool, by steam, 7fd.; grain to French ports, 5s. 9d
Jesup, E. H. R. Lyman, all of New York ; James Cheney, of per qr.; case oil to the Levant, 30c., gold.
Fort Wayne; G. L. Dunlap, of Chicago; A.
L. Hopkins of
Nothing of special importance has transpired in the naval
Toledo; Solon Humphreys and Wm. M. Bli-s, of New York ; C. stores
market, the export and consumption demands being of a
Ridgeley, of Springfield, Ohio ; and A. M. Billings, of Chicago.
It is reported that measures were
adopted for the purpose of very limited character; spirits turpentine is quoted at30Jc, and
securing a conneciion with Chicago for the Wabash Railroad. common to good strained rosin at $1 3o@l 40. Petroleum has
One proposition is that the line shall be taken
sold moderately, though at lower prices-,: Crude, in bulk, S^e.;
up at B^menr, Ill.,
on the Wabash road, and carried
to Strawn, Ill., ever i he Chicago
refined, in bbls., at 9c. Pig tin has further advanced, under
& Paducah Railroad, and thence to Chicago
by using the organi¬ reduced stocks and higher English advices ; straights quoted at
zation of the Decatur & State Line Railroad
Company. The 16^@17c. gold. Steel rails continue in some sale, 5,000 tons
latter road is already graded, but would
require to be built for a being reported on the basis of $42 at the mills ; iron rails were
distance of seventy miles.
It is estimated that this work can be sold to the extent of 4 600 tons for Western delivery on private
done for about $750,000, when ths Wabash
Company would have terms ; quoted at $32@36. Ingot copper is held higher at 16c.
a direct line of 275 miles between St.
Louis and Chicago.
for Lake.
ness.
The sales for the week
November 23. 1878. i
COTTON.
Friday, P. M., November 22, 1878.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Nov. 22). the total receipts have reached 181,376
bales, against 176,004 bales last week, 182,874 bales the previous
week, and 157,280 bales three weeks since; making the total
receipts since the 1st of September, 1878, 1,545,609 bales, against
1,327,301 bales for the same period of 1877, showing an increase
since September 1, 1878, of 218,303 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
1876.
1877.
1878.
Receipts this w’k at
64,598
57,170
21,197
19,749
17,992
20,572
996
306
22,241
24,773
30,853
22,166
24,467
1,464
28,416
29,167
654
3S4
621
6,836
12,072
Norm Carolina
12,965
2,140
8,878
Norfolk
16,851
4,462
181,376
New Orleans
Mobile
49,153
18,514
Charleston
Port Royal, &c
Savannah
Galveston
Indianola, &c
Tennessee, &c
Florida...
City Point, &c
Total this week
...
1874.
1875.
59,963
14,824
19,308
45,892
17,101
24,721
19,933
1,808
32,926
23,985
14,019
1,190
7,286
8,257
978
325
473
955
683
667
7,304
21,229
8,267
6,836
27,758
1,700
3,777
24,926
1,523
4,266
18,856
1,803
200,980
211,823
183,164
165,853
Total since Sept. 1. 1,545,609 1,327,301 1,638,786 1,433,105 1,280,596
for the week ending this evening reach a total of
103,581 bales, of which 48,485 were to Great Britain, 19.828 to
France, and 40*,268 to rest of the Continent, while the stocks as
made up this evening are now 586,481 bales.
Below are the
stocks and exports for the week, and also for the corresponding
The exports
week of last
season.
Week
ending
Great
Britain.
Nov. 22.
N. Orl’ns
France.
7,684
2,168
Mobile..
....
Charl’t’n
10,000
9,025
4,576
10,019
Savan’h.
Galv’t’nN. York.
Norfolk-
•
Other*..
•
.
nent.
....
•
4,367
4,575
2,378
6,975
905
838
....
....
1878.
1877.
20,800 133,218 215,478
3,318 28,495 43,866
18,323 90,506 75,346
9,140 95,750 92,954
18,557 100,330 67,981
13,804 61,337 61,378
5,385 21,845 37,350
11,534 35,000 52,000
....
21,447
11,403
15,918
11,762
'
....
18,125
5,428
....
STOCK.
Same
Week
1877.
29,926
20,074
....
12,697
Total
this
Week.
Conti¬
6.872
....
telegraphic figures, because in preparing them it is always
necessary to incorporate every correction made at the ports.
The market for cotton on the spot has been rather quiet
the
On Monday quotations were advanced l-16c., to
9 7-16c. for middling uplands. This improvement was lost, how¬
ever, on Thursday.
Home spinners were the principal buyers,
but transactions to a moderate extent were made for export and
in transit.
To-day, quotations were reversed, strict good ordi¬
nary being l-16c. lower, and strict good middling being advanced
l-16c.; middling fair advanced ^c., and fair advanced ^c. The
speculation in futures was enlivened on Monday last by a move¬
ment which carried prices up 10@14 hundredths, with consider¬
able excitement.
The advance was based wholly on the falling
off in receipts at the ports which had been going on for a fort¬
night or more. Those reported on Monday to our Cotton Ex¬
change were only 23,170 bales, against 32,833 for the previous
Monday, and 46,837 for the corresponding date last year.
This
was enough to alarm parties having out
contracts, and the de¬
mand to cover caused the advance quoted.
But on Tuesday the
receipts at the ports were larger, aud materially exceeded the
corresponding date last year, and the advance of Monday was
lost, prices returning to about the same as those current at the
close on Saturday.
The receipts at Memphis have been large,
and, together with weak accounts from Liverpool, contributed to
the depression which prevailed throughout
Wednesday and
Thursday, the close last evening being below the closing figures
ot the previous Monday. To-dav, there was some advance for the
later months, but a slow speculation, and the close' was without
improvement.
The total sales for forward delivery for the week are 262,900
bales, including — free on board. For immediate delivery the
total sales foot up this week 6,272 bales, including 2,301 for export,
3,571 for consumption, 400 for speculation and — in transit. Of
the above, 650 bales were to arrive.
The following tables show
the official quotations and sales for each dav of the past week:
week.
past
to
Ordinary
$ tb.
8trict Ordinary...
Good Ordinary. ..
Strict Good Ord...
Low Middling
Strict Low Mid....
Middling
Good Middling....
Strict Good Mid...
week..
48,485
19,828
40,268
100,861 586,481 646,303
108,581
Tot. since
Sept. 1.
487,687
67,754 176,927
514,522
732,368
•
The exports this week under the head of ’otner ports” meiude, rrom Balti¬
more, 1,700 bales to Liverpool and 3,088 oales to the Continent; from ‘Boston, 5,374
bales to Llvei pool; from Philadelphia,
5,030 bales
to
584 bales to Live pool; from Wilmington,
Liverpool and 2,340 bales to the Continent.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
are
prepared for
our
Lambert, 60 Beaver street:
On
NOV. 22, AT—
Liver¬
pool.
New Orleans
17,500
1,600
12,000
21,341
5,200
Mobile
Savannah
Galveston
New York
special
use
by Messrs. Carey, Yale &
Shipboard, nojt cleared—for
France.
Other
Coast¬
Foreign
wise.
1,500
Leaving
Total.
15,000
7,000
5,500
10,914
25,000
2,100
29,000
None.
2,500
59,000
10,700
49,000
7,129
2,067
41,451
750
2,000
None.
*9,550
Stock.
74,000
17,795
46,750
58,879
51,787
6,067 169,701 249,211
Included in tins amount there are 1,600 bales at Presses for foreign
ports, the destination of which we cannot learn.
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 7,720 bales, while tfce stocks to-night
Total
57,641
39,164
65,229
*
59,822 bales less than they were at this time a year ago. The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to Nov. 15, the latest mail dates:
Sat.
7*2
7^16
7*2
7»16
71516
8716
878
9*16
93i6
8
7loi6
3716
8
1038
Fair
11
Ports.
1878.
N.Orlns
Mobile.
Char’n*
Sav’h.;
Galw*.
N. York
Florida
| 1877.
157,685
63,326
248,689
343,797
*
222,157
27,578
14,974
N. Car.
59,951
Norf’k*
Other..
191,197
29,879
268,658
93,832
175,536
213,408
143,140
6,046
1,165
48,126
157,329
14,031
EXPORTED SINCE SEPT. 1 TO—
Great
Britain.
41,771
10,134
45,792
81,661
40,789
95,579
6,300
21,106
52,496
43,574
1
Other
France.
Foreign
9,956
20,873
14,490
8,993
8,025
4,412
2,050
3,100
35,193
55,551
7,252
5,038
2,655
6,947
Total.
$ Et>.
Strict Ordinary..
Good Ordinary....
Strict Good Ord...
Low Middling
Strict Low Mid....
Middling
Good Middling..
Strict Good Mid...
.
Middling Fair
Fair
Ordinary
2).
Strict Ordinary...
Good Ordinary....
8trict Good Ord...
Low Middling
Strict Low Mid....
Middling
Good Middling....
Strict Good Mid...
7»ie
8
8
812
8I2
8*2
815i6
8l°i6
815i6
918
94
9 is
918
914
914
11*4
93s
9*2
91*16
9*516
103,0
10*t16
11*4
11°16
11510
8I2
81°16
918
914
713,6
713i6
713i6
7*3W
8*4
8%
8*4
8%
8*4
8%
8*4
93,6
93,6
9316
93ic
938
912
93s
9*2
938
9*2
93s
9*2
Th.
Frl.
Th.
7*2
7*2
7%
71516
7loi6
8716
813ie
8316
81116
9316
93i6
7151G
8716
878
9*16
9*16
9%
95fi
938
9*58
938
9®8
8716
878
911«
9Ji6
97e
915ie
1012
11*4
9^16
9'16
*953
7%
7%
8J16
83l6
9*8
9°10
9516
9716
97i0
9®8
978
95s
978
9^8
10316
10*8
103lft
10%
105g
10%
11
H14
11*4
11*2
1 11*2
Mon Tues Wed
Th.
7**16
75s
Middling./..T.
9
Si?.
8*8
81*16
91l6
8Hi6
91l6
85s
MARKET AND
9*16
947
663
762
659
594
386
507
2,301
3,571
487
300
457
110
Quiet, st’dy,h?glir
Dull
Wed
Barely steady...
Thurs Very dull, lower.
Fri.
Q’t, st’dy, rev.qu.
Tues
.
858
750
8*0
850
9
9
FUTURES.
Ex¬
ConSpec- Tran¬ Total.
port. sump. ul’t’n sit.
Steady
Frl.
SALE8.
SALES OF SPOT AND TRANSIT.
.
958
978
10*8
83,6
SPOT MARKET
CLOSED.
9716
LOSg
711,6
•«•••••
9*16
97s
83j6
.9 2).
&?.
8**16
'
1038
Sat.
.
73*
81*16
9*16
9*8
......
Frl.
7Hi6
Sat..
Mon
8%
Th.
Frl.
8*8
200
200
....
....
....
.....
400
....
Deliv¬
eries.
600
700
704
26,800
43,500
47.000
56,000
1,800
386
47,900
500
1,454
41,700
200
6,272 262,900
3,800
1,150
1,262
1,316
....
....
Sales.
For forward delivery, the sales fiave reacned during the week
262,900 bales (all middling or on the basis of middling), aud the
following is a statement of the sales and prices:
For November.
Bales.
ct«.
100s.li. 22d. 9-25
9-2?
1,200
9 29
9 31
200
9*31
lOOs.n.'ISd. 9-32
800..
9-32
100
100
s. n.
..:
.
1,700.
100
2,100
10»V
100
500
7*3i6
91116 95s
91516 978
10310 10*8
101*16 105a
75s
1,500
correspond precisely with the total
9*8
95i6
9716
71-2
Good Ordinary....
Unaerthe head of Charleston is Included Port Royal, &c.; under the head of
'Galveston Is included Indlanola, &c.; under the head of Norfolk is Included City
Point. <fec.
These mail returns do not
93,«
93a
9*2
Strict Good Ordinary
Low Middling
413.641 572.719
*
9316
9*8
9516
9716
Frl.
STAINED.
51.685? 71.0201
:
8*4
8%
Th.
11
47,926|l36,659
1126,321
8316
811,6
9716
9Hi6 9H16 91*16 91*16
9716
9716
if716
9n16 91*16 91*16 9Hl6 9lo16 915J6 915i6 91516
915ie 9l°i6 91°16 91016 1Q3i6 103j6 10ai6 103j6
107l6 10716 10716 107ig 10H,6 101*16 IOH16 101*10
Hl16 lUie 1H16 Illle tl°16 11&16 U5i0 115i6
Fair
290.936
Lastyr..
7%
81°16
7 V,
8
7^16
1038
623,787 511,392
i
713i6
8*4
8%
913
914
Him
8
Middling Fair
439,202
This yr. 1364,233
7%
8316
81*16
958
9716
9Hi6 978
9lyie 10*8
107m 105s
73lfi
Total
72,600 102,478
13,234 21,479
95,475 96,570
146,205 91,458
56,066 96,842
105,079 53,735
6,300
25,811 16,453
52,496 17,377
50,521 15,000
9»ie
Mon.
Sat.
Toes {Wed Tues Wed Tues Wed Ttt m Wed
.
Stock.
9*8
914
8*2
878
9116
93s
9716
9iim 9*8
915i6 978
10716 1038
lHm 11
9*8
9%
9V
Middling Fair
812
81016
TEXAS.
Mon
Mon Sat.
Mon
are
RECEIPTS SINCE
SEPT. 1.
ALABAMA.|N. ORLE’NS
UPLANDS.
Friday, Nov. 22. Sat.
Ordinary
Tot. this
which
of the
Saturday, Nov. 16,
EXPORTED TO—
541
CHRONICLE
THE
,
9 33
.
1,800.
1,600..
3,900..
3,100..
3,200..
2.800..
9-35
1,400..
9-40
9 41
9-43
9*45
400
.
..
..
1,900..
2,100..
2,400..
7,100..
1,000...
933
935
9-36
9-37
9-38
.
...
2,300...
700.
CtS.
Bales.
100
500
....
1,300
•
500
....
9-48
9*49
9*50
....
—
9 34 !
300
9-39 I
100 s.n.!9th 9 40 I
9,100
For December.
«-ta.
Bales*.
929
200..
9 30
3,700 .
9-31
200
...
...
5,100.
4,800
4,300
9-39
4 000
9 40
11,200
4,200
9-52
9-53
9-54
9 55
9-50
9-57
9-58
3.500
January.
...
....
....
....
....
...
....
942
10.300
9*45
10,200.... 1.
4,400
0,000
....
....
1,000
Cts.
1,400
1,300
3,200.
9,100
17,200
7.500
42,200
For
Bales.
....
...
..
..
...
941
9*42
9*43
9'44
945
940
9*47
9*48
9*49
9*50
9*51
9*59
500
9 60
1,900
4.500
:..
9-61
9*02
9-03
3,000
2,800
123,800
F -*r February.
400
9*52
800
9-53
.........
1,300
9*54
00022..51
512
THE CHRONICLE
Bales.
Ct>=.
9-55
1.300
9 56
9'57
9-5S
9-59
9-60
9 61
9 62
9-63
9-64
9 65
9 6?
9 68
9-69
9-70
9 71
9-72
9 73
9-74
9-75
800
3,800
4,IKK)
1,900
1,100
20.)
1,400..
300
1,000
3.300
3,000
400
7(H)
900
1,300
1,000.
300...
Ba’es
100
100
9 04
9 05
9-06
9 07
900
1,000
The
*24
•01
Ct"
1,400
900
9-71
200
1,800
2,000
1,700
9 72
9-73
9-74
1,000
9-91
HIM)
600
200
500
9-75
9 76
9-78
979
800
600
200
100
94)2
9-96
9 97
9-98
1,800
9*80
500
0<H)
200
200
9-81
9-82
1,000
9 70
100
1,100
9-76
9 77
9 78
9-79
9 -1
9 82
9-83
9-84
1,200
2,400
1,500.
700
700
600
200
4(H)
1,100
10-02
100
100
1003
10-06
.
.
.
10-03
.
900
300
100
100
1(H)
100
500
10-04
10 05
10-06
10-07
10-08
10-13
10-18
Augusta, Ga
Columbus, Ga
.
4,700
6,752
Macon, Ga
2,390
3,693
Selma, Ala
Memphis, Tenn..
N ash ville, Tenn..
22,549
2,289
Total, old ports.
46,108
Dallas, Texas
Jefferson, Tex.
Shreveport, La
Vicksburg, Miss
Columbus, Miss..
Eufaula, Ala
Griflin, Ga...
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
2,067
2,149
1.032
466
2,736
3,553
1,424
2,020
1,665
4,790
Week ending Nov 23, ’77
10 10
Is-11
10-12
...10*13
2(H)
A,400
10-20
_
following exchanges have been made during the week:
7,137
10,079
10, L80
5S,410
5,902
35,438 115,087
2,176
1,409
3,854
1,960
1,641
14,563
4,027
2,826
2,166
15,37S
2,545
39,895
,33,526
817
1,231
•
6,533
3,456
2,796
6,170
8,536
1,340
1,698
Receipts Shipm’ts Stock.
14,837
2,354
2,620
7,424
2,290
4,628
2,551
1,971
6,827
2,138
1,359
35,244
3,998
.
July.
Stock.
6,455
2,430
2,507
4,355
3,145
14,370
Montgomery, Ala
..
For
800
2(H)
100..
1(H)
|shipnTts
3,615
..
pd. to exch. V00 Feb. for .*p
pd. to exch. 100 Nov. for Dec.
6,289
12,823
3,048
10,696
2,747
8,591
5.522
8,422
19,683
3,150
3,915
19,343
2,720
29,227
46,046
43,584
77,141
874
1,086
900
860
5,095
1,820
1,3<)0
3,629
966
4,821
1,110
4,419
1,894
1,952
1,952
5,125
664
717
1,401
5,085
3,974
2,192
4.258
4,698
5,380
.
5,829
1,553
1,984
3,396
9,414
7,064
10,336
6,581
14,372
1,840
1,54017,835
4,625
73,404
42,377
42,457
59,800
68,964 188,491
88,423
86,041 136,941
854
3.733
.
Total,
The
following will show the closing prices bid and asked for
future delivery and the tone of the
market, at 3 o’clock P. M;,
on each
day in the past week.
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
Sat’day. Iflond’y T’sday.
Market—
Nov’mb’r.
Decemb’r
Easier.
Higher.
Bid. Ask
0-343)35
Bid. A «A-.
9*45346
9*49350
9*62363
9-373)38
January..
February
Lower.
Bid
Ask.
9*33334
9*37338
9*493) —
9*503 —
9*603)61
9*74375 9*61362
March.
9*723)73 9*863 — 9*73374
April.... 9*84385 9*97 398 9*84385
9*96397 10*08309 9*95396
May
June
10*0 / 308 10*18320 10*04306
..
10*15317 10*26328^10*12314
Tr. orders
9*35
9*50
9*35
Closed—
Easy.
Steady.
Heavy.
July
Gold
lOOis
4*80
Excli’nge
10010
lOOis
4*80
4*80
The Visible Supply
of
Cotton,
Tliurs.
Friday.
Easier.
Variable.
Firmer.
Bid.
Bid.
Bid. Axk.
9*30331
for the
Continent
are
this week’s
Ask.
Ask.
9*30331 9*32333
9*33334 9*33334 9*33334
9*46347 9*45346 9*453
9*58359 9*57358 9*57358
9*703
9*70/7)71 9*69370
9*81382 9*81382 9*81382
9*91392 9*92393 9*92393
10*01302 10*02303 10*02303
10*08310 1010311 10*10312
9*35
9*35
9*35
Lull.
Firm.
Lull.
—
100i8
4*80
as
10010
10010
4-80
4*80
34,250
Total Great Britain stock
Stock at Havre
Slock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at
Stock at
Stock at
Stock at
Stock at
284.250
.
97,500
2,500
-.-s
8,000
3,500
Bremen
1
Amsterdam
Rotterdam
29.750
3,250
made up by cable and
stocks
the figures
Britain and the afloat
returns,
1877.
1876.
374,000
19,750
445,000
1875.
533,000
41,000
62,250
393,750
137,500
5,000
32,000
8,750
40,000
29,500
9,000
486,000
143,000
3,000
182,750
4,500
6,250
7,000
7,250
13,750
Total continental ports....
17
170,250
273,250
324,500
,
Egypt, Brazil,&c.,attt for E’r’pe)
Stock in United States ports
Stock in U. S. interior ports..
..
.
United States exports to-day..
478.000
25,000
586,481
115,087
19,0u0
667,000
33,000
302,000
36,000
646,303
77,141
22,000
47,000
13,500
31,250
53,000
11,750
5,750
51,250
Antwerp
454,500
108,000
1.750
44,000
8,000
42.250
other conti’utal ports.
..
595,250
12.000
810,500
7,250
354,000
880,948
109,412
949,250
158,000
411,000
54,000
580,852
85,137
18,000
20,000
174,000
413,000
84,000
.1,786,068 1,783,144 2,489,860 2,258,239
American and other descriptions
follows:
are
as
American—
.
.
American afloat to Europe
United States stock
United States interior stocks..
United States exports to-day..
Total American
,
121,000
127,000
47
478,000
586,481
371,000
162,000
189,000
302,000
616,303
175,000
209,000
413,000
880,948
109,412
18,000
153.000
115,087
77.141
19,000
22,000
411,000
580,852
85,137
20,000
bales.,1,449,568 1,407,444 1,792,360
1,424,989
Indian, Brazil, <Cc
—
,
,
126,000
34,250
43,250
108,000
25,000
203,000
19,750
84,250
33,000
36,000
283,000
41,000
358,000
62,250
115,500
174,000
84,000
201,000
158,000
54,000
336,500
376,000
697,500
833,250
.1,449,568 1,407,444 1,792,360 1,424,989
Total visible supply
Price Mid. Upl., Liverpool
These
figures indicate
1,786,068 1,783,444 2,489.860 2,258,239
S^d.
67iod.
6”i6d.
678d.
increase in the cotton in sight
of 2,624 bales as compared with the same date of to-night
1877, a
decrease of 703,792 bales as compared with the
date
corresponding
of 1876, and a decrease of 472,171 bales as
compared with 1875.
an
statement:
set out
the
old
interior
than at the same period last
year.
towns have been 62 bales more than the
more
stocks
have
to-night 37,946
' the receipts at the
are
week last
same
Receipts
n a
she
from the
Plantations.—Referring
previous issue for an explanation of this table,
figures down one w*eek later, closing to-night:
RECEIPTS
Week
Receipts at the Ports.
end ’g-
1876.
Sept 6.
4%
ii
44
5.885
26,750
20,76u
12.109
23,431
20.
62,998
95,845
122,199
136,074
152,820
22,345
43,128
47,431
74,355
98,863
70,040
130,990
4.
11.
1J.
109,264
135,054
25.
174.617 157,609
Not '.1.
201,904 177,336
211,810 198,176
205,60o 194,571
211,821 200,980
44
44
1876.
19,733
44
44
at
41,457
l(
44
1S78.
Stock
8.
15.
22.
we now
bring
PLANTATIONS.
13.
27.
.
1877.
FROM
to our remarks
25,904
38,837
57,048
72,277
84,871
103,774
123,652
138,111
118,158
160.233
162,236
157,280
182,674
176,604 157,361
181,376) 180,519
Inter’ r Ports
1877.
Rec’pts from Plant’ne.
1878.
1876.
16,449
9,979
16,272 18,971
15,164 26,377
20,510 37,872
29,720 47,208
41,891 59,823
58,745 79,597
60,374 97,>87
105.814 115,034
126,621) 149,498
132,403 174,583
36,941 188,4.91
1877.
1678.
1S.S66
5,685 26,750
11,932 47,4.31
62,998 21,17; 74.355
95,845 43,128 93.86a
122,199 70,040 130,990
136,074 109,261 148,158
152,820 135,654 160,233
41.457
174,6 7
157/09
162 236
201,904 177,336 157,280
211.810 198,776 182,874
205,606 194,571 176,004
2.1,823 2O0,96OilSl,37G.
This statement shows us that the receipts at
week were 181,376 bales, received
entirely
Last year the receipts from the
were
the ports the past
from plantations.
plantations for the same week
200,980 bales, and for 1876 they were 211 823 bales.
Weather Reports
by
Telegraph.—Considerable rain has
fallen the
past week in portions of the South, mainly in the At¬
Picking, however, is very well advanced, and
owing to the much better weather which has prevailed, will, in
general, be completed earlier than la^t year.
Galveston, Texas.—It has rained hard on three days the past
week, but no serious damage has been done, as the rain was
lantic
States.
needed.
The thermometer has
and the lowest 53.
averaged 60, the highest being 71
The rainfall is three inches and
twenty-two
hundredths.
Indianola, Texas.—Rain lias fallen on three days of the week,
was very Avelcome.
The thermometer has averaged 63,
the highest point touched having been 75, and the lowest 51.
and it
The rainfall has reached three inches
and nineteen hundredths.
Corsicana, Texas.—We have had rain on one day, the rainfall
reaching eighteen hundredths of an inch. The thermometer has
averaged 56 during the week, the extreme range having been
45 and 73.
Pickii^g is making fine progress.
Dallas, Texas.—There has been no rain during the week, and
it is badly needed.
Picking approaches completion.
Ave rage
thermometer 56, highest 73, and lowest 45.
Brenliam, Texas.— The weather has been warm and dry
throughout the week, and rain is needed. Picking is nearly
done.
The thermometer has averaged 63, the
highest being 77
and the lowest 50.
New Orleans, Louisiana.—We have had rain
three
days the
past week, the rainfall reaching three inches. The thermometer
has averaged 58.
Shreveport, Louisiana.—The weather has been dry and favor¬
able all the week.
Some
on
through picking and others are
nearly done. Cotton is being marketed freely. Average ther¬
mometer 54, highest 69, and lowest 40.
There has been no
are
rainfall.
*
Vicksburg, Mississippi.—The thermometer has averaged 57
receipts
to-night, and for the during the -past week, with an extreme range of 44 and 70. If
in detail in the following has rained on one day, the rainfall reaching thirty-six hundredths
of an inch.
The weather is fine and
picking nearly over.
At the Interior Ports the movement—that is the
and shipments for the week, and stocks
corresponding week of 1877—is
that
during the week 10,670 bales, and
year.
are
6,750
2,750
Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pes
Increased
Oct
Friday only;
1878.
250,000
86,003
—
and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Nov.
22), we add the item of
exports from the United States, including in it the exports of
Stock at London
p’rts
The above totals show
bales
Wed.
new
Total, all
same
telegraph, is as follows. The Continental
of last Saturday, but the totals for Gieat
East
ending Nov 22, ’78.
Receipts
For June.
100
9-98
1.200
9-99
100
10-00
200
10-01
9-88
9 89
9 90
9-91
9 93
94)4
9 95
94)6
94*7
94)8
10-00
10-01
2(H).
Week
10-08
9,000
May.
1.000
1.300
April.
f’ts.
10-07
1,000.
For
300
100
600
9-80
For
400
1 000
700
400
900
Dales.
300
200
13,900
9-84
17,200
For March.
200. f
Tales.
9-85
9-86
989
9 90
2,104)
37,800
1,000
Ut*.
9-08
9 09
fV0L. XXVlh
November 23,
THE CHRONICLE.
1878.J
Columbus, Mississippi.—We have had a rainfall during the
past week of fifty hundredths of an inch. The yield of lint from
seed cotton is unusually small, and
of expectation.
Little Rocky Arkansas.—Friday,
the
here is falling short
crop
Saturday, Sunday and Wed¬
nesday of the past week were cloudy, with rain on Friday and
Wednesday. In is now clear and pleasant. The thermometer
has averaged 50, the highest being 65 and the lowest 34.
The
rainfall for the week is seventy-three hundredths of an inch.
Nashville, Tennessee.—We have had rain on three days of the
past week, the rainfall reaching one inch and twenty-one hun¬
dredths.
The thermometer has averaged 50, with an extreme
ransre
of 42 to 59.
Memphis, Tennessee.—Telegram not received.
Mobile, Alabama.—It has been showery one day, and has
rained constantly one day, the earlier part of the week, but the
latter portion has been clear and pleasant.
The rainfall has
reached one inch and ninety-four hundredths.
Average ther¬
mometer 59, highest 71, and lowest 43.
Montgomery, Alabama.—The earlier part of the week the
weather was clear and pleasant, but it has rained on four days
the latter portion, the rainfall reaching ninety hundredths of an
inch.
It has been getting cold since yesterday (Thursday).
The
thermometer has averaged 57, the highest j)oint touched having
the lowest 45.
Selma, Alabama.—It has rained
been 70, and
but is
now
clear and cold.
on
Planters
during the week,
sending their cotton to
two days
are
market freely.
Madison, Florida.—Rain has fallen
with
a
four days the past week,
on
rainfall of two inches and ten hundredths.
Average ther¬
About all the crop of
61, highest 70, and lowest 52.
mometer
this section has now been secured, and
Planters are holding on to their crop.
about one-tliird marketed.
543
bales more than at the same time in 1876. By adding to the
above totals to Nov. 1 the daily receipts since that time, we shall
be able to reach an exact comparison of the movement for the
different years.
1878.
T’!.Oct.31
978,112
27,243
21,S4S
Nov. 1
“
2....
“
3....
S.
“
4....
“
5....
“
0....
30,964
27,896
23,380
34,808
43,97S
27,2S1
“
7....
“
8....
“
9....
“
10....
“
11....
“
12....
“
13....
“
14....
“
15....
“
16....
32,833
33,448
24,002
22,793
35,647
2,042
“
17....
“
18....
“
19....
“
20....
“
21....
“
22....
•
S.
1877.
1876.
678,959
31,773
29,165
33,775
912,128
28,119
35,041
32,587
S.
26,392
44,314
S.
31,771
35,213
22,037
44,599
37,082
34,522
27,963
40,324
27,149
22,876
S.
53,835
26,945
28,463
1875.
1874.
779,393
18,611
30,115
33,481
22,674
29,528
18,624
35,431
s.
56,348
29,245
671,344
S.
1873.
470,578
25,261
S.
S.
26,023
28,995
22,715
26,478
20,894
28,531
38,913
22,825
28,641
8.
22,874
28,714
30,421
25,987
20,851
33,221
20,604
23,411
27,018
21,278
S.
17,955
S.
34,852
17,474
25,216
17,921
16,212
19,842
17,564
18,059
25,345
18,411
39,947
S.
26,145
S.
28,026
31,603
34,892
29,611
32,724
23,170
36,435
24,481
31,998
38,871
S.
27,890
25,498
46,867
23,008
36,402
23,318
S.
31,614
23,701
36,572
18,422
19,991
19,264
S.
30,732
31,222
21,505
27,863
28,571
21,174
37,089
S.
16,314
32,005
51,462
28,437
44,893
28,522
1,545,609 1,294,877 1,582,317 1,309,613 1,137,390
Percentage of total
29-79
39-18
31-25
32-52
port receipts
Total
S.
19,845
888,842
23-36
Macon, Georgia.—We have had rain on three days of the week
just closed. The thermometer has averaged 60, with an extreme
This statement shows that the receipts since Sept. 1 up to
range of 39 and 66. "
to-night
are now 250,732 bales more than they were to the same
Columbus, Georgia.—It has rained heavily on three days of the
week, the rainfall reaching two inches and eiglity-two hun¬ day of the month in 1877, and 36,708 bales less than they
were to the same day of the month in 1876.
dredths.
The thermometer lias averaged 60.
We add to the last
table
the percentages of total port receipts which had been
Savannah, Georgia.—Rain has fallen on five days, and the bal¬
ance of the week lias been cloudy.
The thermometer has aver¬ received Nov. 22 in each of the years named.
aged 60, the highest being 71, and the lowest 41. We have had
Memphis Cotton Exchange.—The following circular letter
a rainfall of two inches and. twenty-two hundredths.
Augusta, Georgia.—We had showers the first five days of the explains itself. The retirement of Mr. Toof will be a surprise and
past week, the rainfall reaching one inch and forty-three hun¬ a disappointment to many ; but his successor, Mr. Gates, is so
dredths, but the latter part of the week has been clear and pleas¬ thoroughly fitted for the situation that no one will hesitate in
ant.
Accounts are good and planters are sending cotton to mar¬
endorsing all Mr. Toof says on that head.
ket freely.
About one-half the crop has been marketed. Aver¬
Memphis Cotton Exchange, )
age thermometer 55, highest 67 and lowest 43.
Memphis, Nov. 12, 1878. )
Charleston, South Carolina.—It has rained on three days of the
Editor Financial Chronicle :
week just closed, the rainfall reaching two inches and sixty-four
My Dear Sir—Having this day retired from the office of sec¬
hundredths.
The thermometer has ranged from 48 to 71, aver¬
retary
and superintendent of the Memphis Cotton Exchange, for
aging 59.
The following statement we have also received by telegraph, the purpose of engaging in mercantile pursuits, I have pleasure
in introducing to your favorable acquaintance my successor, Mr.
showing the height of the rivers at the points named at 8 o’clock Sam.
M. Gates, who, during the past five years, has filled with
Nov. 21, 1878.
We give last year’s figures (Nov. 22, 1877) for
signal
ability the position of chairman of our Committee on In¬
comparison:
formation and Statistics.
Nov. 21, ’78.
Feet. Inch.
New Orleans
*
Below high-water mark
..
13
7
Nov. 22, ’77.
Feet. Inch.
11
0
11
Memphis
Above low-water mark...
3
9
9
Nashville
Above low-water mark...
15
8
6
Shreveport
Above low-water mark...
1
0
Missing.
22
10
15
10
Vicksburfr
.’. Above low- water mark...
Bespeaking for Mr. Gates a continuance of the manifold
me during my official career, and com¬
mending him to you as a gentleman of first-class ability and pos¬
sessing all needed qualifications for the position upon which he
to-day enters, I am, dear sir, very truly yours,
courtesies extended to
JNO. S. TOOF.
New Orleans
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-watei
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871,
or
16 feet above low-water mark at that point.
Comparative Port Receipts and Daily Crop Movement.—
A
comparison of the port movement by weeks
the weeks in different years do not end on the
month.
We have consequently added to our
tables a daily and monthly statement, that the
is not accurate,
day of the
other standing
reader may con¬
seeing the exact relative
as
same
stantly have before him the data f *>r
movement for the years named.
First we give the receipts at
e ich port each day of the week ending to-night.
PORT RECEIPTS FROM SATURDAY, NOV.
New
of
Or¬
we’k leans.
■Mobile.
Eat..
3,324
D’ys
Mon
Tu.es
Wed
Time
Fit.
1,968
2,187
13,505
5,719
13,839
11,935
| Cliarjleston.
3,122
2,727. 4,680
4,1*17. 2,793
2,397; 2,489
2.827 3,584
3,122 3,031
16, ’73, TO FRIDAY, NOV. 22, ’78.
Savan¬ Galnah. vest’n.
3,777
4,047
3,546
3,079
3,320
3,200
Nor¬
folk.
2,571
2,990
3,388
3,051; 3,312
2,037
2,547
9,402
3,850
2,475
2,707
2,022
Tot.. 49,153 18,514 19,7.49 22,241 24,773 10,851
The movement each month since
Year
Monthly
Receipts.
1873.
1877.
Wil¬
All
ming¬ others.
ton.
1,262
995
802
1,275
2,062
590
4,549
2,644
1,394
2,224
9S3 11,315
Total.
26,421
23,170
36,435
24,481
31,998
38,871
7,093 23,002 181,376
Beginnin g September 1.
1875.
1874,
1873.
288,848
089,264
95,272
583,037
236,868
675,260
169,077
010,310
134,376
530,968
115,255
355,323
978,112
Perc’tage of tot. port
receipts Oct. 31...
078,959
912,128
779,393
671,344
470,578
Sept’mb’r
October..
Tot. year.
1502
22-59
18-59
This statement shows that up to Nov. 1
ports this year were 299,153 bales more than
19-20
Shipments.—According to our cable despatch received
to-day, there have been
bales shipped from Bombay to
Great Britain the past week and 1,000 bales to the Continent ;
while the receipts at Bombay during this week have been 5,000
bales.
The movement since the 1st of January is as follows.
These figures are brought down to Thursday, Nov. 21.
Shipments this week
Great
Brit’n.
1878
1877
1876
Conti¬
nent.
1,000
9,606
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
nent.
1,000 321,000 396,000
379,000 423,000
9,000 570,000 391,000
Total.
Receipts.
This
Week.
Since
Jan. 1.
717,000 5,000
887,000
802,000 6,000 1,054,000
961,000 13,000 1,068,000
From the
foregoing it would appear that, compared with last
there has been an increase of 1,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 85,000 bales,
compared with the corresponding period of 1877.
year,
Sept. 1 has been as follows:
1876.
Bombay
12*37
the receipts at the
in 1877 and 65,984
Gunny Bags, Bagging, Etc.—Bagging has not been in any
great demand since our last, and the transactions are few and far
There are a few small orders coming to hand, but no
between.
orders of any size are reported.
There is an easier feeling ad to
prices, and holders are now disposed to accept 10(5)1 Of @10fc. for
lb. qualities, but buyers are not anxious to lay in a
If, 2 and
stock even at these figures.
Butts continue to move to a fair
extent, and further sales are reported of 1,800 bales, part from'
store and part ex-ship, for which 2fc., cash, and 2 ll-16@2fc.,
time, the higher figure being for good quality bagging butts.
At the close the market is steady at 2£@2£c.
The Exports op Cotton from New York this week show
an
increase, as compared with last week, the total reaching 11,762
bales, against 6,992 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1378, and in the
for the same period of the previous year:
last column the total
CHRONICLE.
THE
544
■xportsol Cotton( bales) from New ¥orK«luce 8eDt.l( 1878
Same
WEEK ENDING
Total
to
date.
EXPORTED to
Oct.
Nov.
Nov.
Nov.
30.
6.
13.
20.
perioo
prev’u-
Tunis, str. (Br.), Downs, loading at Galveston for Liverpool, and having on
board 10J tons of oil and cake and 104 bales cotton, took fire in the fore
hold Nov. 12th, but the fire was extinguished with but slight damage to
the vessel. The damage to c-<rgo was confined to the fore hold. The
vest
el
Cotton
year.
Total to Gt. Britain
5,097
9,417
102,146
73,186
750
602
3,452
1,585
11,139
1,600
9,035
12,739
9 035
5,847
10,019
105,598
74,7-1
2,044
1,536
100
905
5,317
1,321
Havre
Other French ports
....
...
Total French
....
2,044
Bremen and Hanover
Hamburg
1,536
1G0
905
1,189
3.015
838
•
Other ports
....
Total to N. Europe.
•
•
•pain, OportoA Gibral tarAc
Spain, Ac
.
Grand Total
The
5,503
5,S42
423
2,016
6,803
5,926
14,6C1
....
Liverpool.
....
..
....
....
....
14.783
•
6.992
11,760
11,762
.
.
•
.
.
....
....
90,S6S
116,841
are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since Sept. 1, *78:
BALTIMORE
from
Since
This
Since
This
Sept. 1.
week.
Septl.
week.
1,174
3,657
5,658
••••«••••
Savannah
68,192
96
728
44,326
12,647
Virginia
5,793
b2.024
3*8
2,176
2,492
4,605
4,619
32,197
2,982
24
701
27,154
311,202
38,974
244,316
Foreign
Total this year
Shipping
1
4,822
.
_
week,
613
10,514
9.283
•
•
15,801
31,511
16,737
7
....
| 10,175
75,486
8,745 60,675
1.491
4,183
2,755
20,S87
ff-
_
2,264 11,282
....
•
...
•
•
•
•
•
•
•
2,877 21,796
6,449 57,382
1,979
6,779 38,139
11,010!
from
cotton
Monday.. 8-3 .'@5-16
Tuesday.. 6-32g,5-l 6
Wed’day.. &@9-3i
Thursday. M@9-32
Friday.... 3* @9-32
-@l4, 11-18 cp.
34
34
%
X
X
34
y2
% corny.
X comp.
&
>8 comp.
X comp.
X comp.
Liverpoo’, per s'eame-s City of Chester, 448 ...MonHelvetia, 1,423
Russia, 379... Helios, 2,050
.
...
9,417
5,300 bales
follows:
....
..
.
Upland
To Barcelona, per bark Landbo, 1.1 r0 Upland
Texas—To Liverpool, per steamers Troubadour, 3,917....Osiris,
.per bark Kalema, 2,700
To Havre, per bark Neptun, 1.391... per brig Mira, 928
To Genoa, per bark Cortez, 1,100
Pensacola—To Liverpool, per steamer Australian, 6,300
Wilmington—To Liverpoo), per barks August Jeannette, 1,340
mund Richardson, 1,1(0.... per brig Zetland, 1,140
To Amsterdam, per bark Gambetta, 975
Norfolk—1To Liverpool, per steamer Maranheuse, 3,€30
per
Bonnie Dundee, 3,290 ... per bark Vajale, 2,236
Baltimore—To Liverpool, per steamer Copernicus, 1,717
To Bremen, per steamer Leipzig, 1,187
Boston—To Liverpool, per steamers Iberian, 2,098
....Istrian, 1,607
Mid. Upl’ds
Mid. OiTus.
4,590
I,lt0
Delivery,
Nov
Nov.-Dee
Feb.-Mar
4,062
4,345
7,411
3,1(0
8avaunab
Texas
Pensacola
•
7,411
10,936
Wilmington
Norfolk
Baltimore
Boslon
Total
Below
6,300
8,580
8,558
1,717
4,935
64,746
....
5,950 2.358
3,118 7,890
2,319
4,962
....
....
8,045
...,
975
ship
8,558
1,717
1,187
...
....
....
4,345
1,100
4,935
1,271
11,762
11,495
3.100
....
23,385
....
27,564
1,100
14,405
6,800
975
4,555
8,558
1,187
1,762 12,292 12,273
2,504
4,935
5,937 16,659
5,415
d.
5i532
51332
-.5i332
44,000
03,000
3,000
42,000
8,000
5,000
287,000
144,000
44,000
35,000
5,000
286,000
218,000
2,000
30,000
8,000
500
302,000
151,000
40,000
34,000
7,000
247,000
181,000
1,100
...'a)
...
...@5 016
...@6
5^16
-@6
60,000
4,000
41,000
6,000
2,000
282,000
142,000
58,000
42,000
8,000
306,000
235,000
60,000
6,000
39,000
6,000
4,000
250,000
124,000
29,000
26,000
5,000
337,000
267,000
120,231
to vessels
-
...'a) 5*2
...■2)515i6 ...@51516
Middling clause, unless
Delivery.
d.
Mar.-April
--5L6
Apr.-May '
Delivery.
Dec.-Jan
Jan.-Feb
5i&32
57le
Nov
Nov
Delivery.
.Delivery.
5716
Dec.-Jan
Jan.-Feb
Feb.-Mar.
51132
...
.....530
5%
Mar.-Apr
Apr.-May.
d.
5%.
5%
Delivery.
5*332 I Nov
51532
5716 | May-June
5rt33
53s
Shipment.
538
I Nov.-Dee.,n.cp, si,5%
*
Nov.-Dee
Dec.-Jan
Tuesday.
Delivery.
Nov
Nov.-Dee
Jan.-Feb
Delivery.
-£>1532
■
..5!332
.
538
Feb.-Mar
Delivery.
Apr.-May
5*a
Shipment.
Dec.-Jan., n.cp.,si,5716
51332
Jan
530
Mar.-April
£>1532
Wednesday.
Delivery.
Delivery.
q
....53h
Jan.-Feb
Feb.-Mar
Delivci'y.
Mar.-Apr
5716©i:t3<j
May-June
.5
5U32
53s
5H32
Thursday.
Delivery.
Dec.-Jan....
5H32
Apr.-May
5^16
5i532
Nov
Delivery.
...5U32
0 > > 3*> I
5i332@%
.51130 I May-June
51&32
I
Nov
Nov.-Dec
.
Jan.-Feb
Feb.-Mar
Mar.-Apr
Friday.
Delivery.
Delivery.
5716
5H32
£>11,32
Dec.-Jan
Feb.-Mar
53s
Feb.-Mar
April-May.k
5 716
Nov.-Dee
Jan.-Feb
Mar.-Apr
Apr.-May
•
.51132
.
Delivery.
Nov
51332
Shipments.
-51332 Nov.,n. crop., sail.5i332
.51132 Nov.-Dee.,n.cp.,si,5%
538
BREADSTUFFS.-
7,890
BarceIona. Genoa. Total.
give all news received to date of disasters
carrying cotton from United States port3, etc.:
we
Nov. 22.
3,118
follows:
1,180
Nov. 15.
as
Monday.
Nov
120,234
4,590
Liver,
from
Saturday.
2,358
The particulars of these shipments, arranged in our usual form,
Charleston......
Nov. 8.
Nov. 1.
the basis of Uplands, Low
on
5,950
3,580
....
5,514
...®5916
...®6
Delivery.
Ed¬
Total
Mobile
—
—
Futures.
Dec.-Jan
10,9;6
2,319
1,100
6,3(0
Liverpoo1, per steamers Matthew Curtis, 275
Ohio, 222....Lord Clive, 774
Bre- Amster- Redam. val.
838
.-@5 9je
a) 6
3,100
Minnesota, 1,230
men.
..
...
These sales are
otherwise stated.
5,981
4,369
Philadelpbia—To
..
—
—
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y Friday.
Spot.
5,514
8.015
1,100
...
pool. Hull. Havre,
6G2
905
9,417
5,981
34
—
—
following table will show the daily closing prices of cotton for the
..
Liver- Cork &
yt
The weekly movement is given
....
Nov
Nov.-Dee
.
New York
New Orleans..
American.
were
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock:
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
602
905
838
4,106
War¬
rior, 1,875
To Keval, per steamer Colherstone, 5.514
Mobile—To Reval, per steamer Georgia Fi?her, 3,100
Charleston—To Liverpool, per barks Comorin, 2,569 Upland
Der
Nord, 1,487 Upland and 83 Sea Island., .via Baltimore, per steamer
Guillermo, 426 Upland and 25 Sea Island
To Cork, for orde s, per bark Fideleo, 1.180 Upland
To Havre, per ship Richard 111, 3,850 Upland. ...per bark Sophie,
2,050 Up aDd
To Bremen, per bark Gutenberg, 2,358 Upland
To Amsterdam, per narks Surprise, 1,400 Upland... Delta,
1,650 Up¬
land— Helsingor, 1,912 Upland
To Barcelona, per steamer Surbiton. 3,700 Upland.. per brig Ataulfo, 645 Upland
Savannah—To Liverpool, per ships Prince Rupert, 3 905 Upland..
Henry, 3,407 Upland and 09 Sea Flat d
To Havre, per bark George B. D >.ne. 3,118 Upland
To Bremen, per steamer Lena, 4,165 Upland.
per ship Anna,
3,725 Upland
To Reval, per steamers Laurestina, 4,705 Upland....Valhalla, 3,337
Are as
— @>*
—@14 11-15 cp. —@M
—@H 11-16 cp.
—@J4 11-16 cp. —@34
Liverpool, Nov. 22—4:00 P. M.—By Cable
Total bales.
per ship James Fester, Jr., 2,509
To Hull, etc., per steamer Othello, 603
To Havre, per stesmers H irt, 200....France, 705
To Bremen, per steamer Mosel, 838
New Orleans—To Liverpool, per steamers Jenny Otto,
*
—@34 11-15 cp.
comp.
comp.
comp.
comp.
comp.
pool.—Estimated sales of the day were 8,000 bales, of which
1,500 bales Were for export and speculation.
Of to-day’s sales
as per
..
c.
X corap.
United
the
night of this week.
'
c.
34
...
—
latest mail returns, have reached
120,234 bales. So far*as the Southern ports are concerned, these
are the same exports reported by
telegraph, and published in
The Chronicle, last Friday. With regard to New York, w e
include the manifests of all vessels cleared up to Wednesday
New York—To
.tana, 2,608
c.
X comp.
2,2(3 23,029
_
■
•
c.
c.
.
11,4-0
News.—The exports of
States the past
c.
—11-16 cp.
week:
....
1,518
3,665
Total last year.
This (Since
Since
Sept.l. week. Sept.l
12,985
71,132
Mobile
Florida
S*th Carolina
N’th Carolina.
North’rn Ports
Tennessee, Ac
d.
Saturday.6-32@5 16
The
Hew Orleans..
T6Z&0
PHILADELP’IA
BOSTON.
NEW TOBK.
This
week.
Sail.
Steam.
d.
•
•
following
bece’ts
as follows:
,—Havre.—. ,—Bremen.—, .—Hamburg-,
Steam. Sail. Steam.
Sail,
Steam. Sail,
,
i
*
•
engines.
freights the past week have been
....
•
Total
1,436
•
838
1,045
1,169
•
•
5,317
....
....
....
•
115
....
....
...
filled with water by the fire
was
,
Liverpool
Other British Ports
fVoL. XXVII.
Friday, P. M., Nov. 22, 1878.
There has been
better general
demand for flour in the past few
days, and the low and medium grades have somewhat advanced,
though the full views of holders have not been readily realized.
a
The increased demand
mainly from shippers, but the local
purchased more freely. The production of flour at the
West has largely increased, considerably exceeding the correspond¬
ing dates last year, as reflected in statistics of receipts at the West¬
ern markets.
Rye flour and corn meal were quiet. To-day, the
market was strong, with good medium grades from winter wheat
tending upward.
The wheat market has been more active at generally improving
prices. Some excitement has been caused by the speculative
manipulations of the markets at the West, causing something of
a “ corner” on contracts for November delivery, the influence of
was
dealers
which
was
felt in contracts for December and
January.
The
grade most affected in this market was No. 2 red winter, which,
sold on Wednesday as high as $1 0S£ on the spot, $1 09 for
December and $1 10 for January ; but the flurry seemed to have
subsided yesterday, and part of the advance was lost, No. 2 red
selling at $1 08 for December. Spring wheats were more active
and sold largely for export and milling, at 89c. for No. 3 and
White wheat did not fully share in the advance,
97c. for No. 2.
No. 1 bringing no more than $1 09. To-day, the market was
firmer for No. 2 red winter, at $1 08£ spot and December» hut
other grades dull.
'
*
Indian corn was more active,
and priceB advanced to 47£@47^c.
the spot and for November and December deliveries,
and 48-Jc. for January. Steamer mixed is nearly nominal on the
spot, but there were some sales for January at 46@46£c. Yellow
and white are both scarce, bringing relatively high prices—rowed
State yellow sold at 62|c. To-day, No. 2 mixed opened at 46£c.
for No.
2
on
and declined to 46£c.
3 00
ft bbl. $2 40®
finperflne State & West¬
No. 2
3 207ft
ern
.’
3
Wheat
do XX and XXX
do winter shipping ex¬
tras
.
do
XX and XXX..
Minnesota patents
85®
3 81®
4 25®
83
Wheat-No.3 spring.bnsh. $0 87®
97
No. 2 spring
95®
No. 1 spring
® ....
Bed and Amber Winter 1 04®1 08#
Red Winter No. 2
1 Os®l 08#
White
1 04® 1 12
Corn—West’n mixed
do
do
do
4 00®
4 40®
5 50® 8 25
City shipping extras..... 3 90®
Southern bakers’ and fa¬
mily brands
4 65®
Southern sliipp’g extras. 4 20®
3 10®
Rye flour, superfine
Corn meal—Western,«fec. 2 40®
wine.
&c.
Com meal—Br
2 85®
4 90
5 75
4 50
3 45
2 65
....
steamer
white
.
43#®
46#®
.
grade.
47
.
..
54
52®
48®
49
5«® 58H
yellow
Rye—Western
State and Canada
Oats—Mixed.
White
59®
61
28® 3!#
31®
36
95®1 22#
90®
95
75®
80
Barley—Canada West
State, 4-rowed
State, 2 rowed
Peas—Canada bond&free
Chicago
Flour,
Wheat,
Corn,
Oats,
Barley,
bbls.
bush.
bu-h.
bush.
bush.
(60 lbs.)
(56 lb.O
735,222
(32 lbs.)
(196 lbs.)
53,374
,
Milwaukee.
Toledo. ..f
Detroit.
....
.
Peoria.
Duluth
866,647
508,310
353
364,501
151,275
15,300
8.03i
203,965
16,720
1,930
18,900
6,480
17,600
31,970
1,625
465,007
144 250
400
84,025
90,104
30,000
14,742
271,777
22,610
....
2,695,327 1,161,262
2,243,0:5 1,416,014
1,865,512 1,033.945
Corresp’ng week,’77
818,583
1,337,105
Corresp’ng week,’76,
Tot.Dec.3l toNov.16,,1,949,139 ’ 78,065,509 86,200,827
Sam i time 1877
4,297,052 ■46,442,907 72,331,125
Same time 1876
,4,351,699 ; 50,393,023 73,951.316
Same time 1875
.4,398,369 < 62,660,463 44,493,103
Tot. Aug. 1 to Nov. 16 .1,952,480 44,058,52) 33, .96,675
Same time 1877
.2,063,210 36,151 289 29,475,538
Total
Previous week
....
409,355
517,134
379,298
317,607
169,435
155,701
154,185
148,036
,
.
.
.
Rye,
bush.
(48 lbs.) (56 lbs.)
228,871
120,942
57,347
21,000
7,340
77,081
56,043
3,2o2
Cleveland
St. Louis
4
In Store
New York
Wheat,
Corn,
Oats,
Barley,
Rye,
bush.
bush.
bush.
bush.
bush.
4,121,000
1,235,869
23,000
9,000
276,612
24,743
£90,071
528,000
332.657
536,406
8.200
1,280,553
577,196
64,042
12^40
17,965
9,145
at—
Albany
Buffalo
466,014
Milwaukee.
190,0)2
514,051
12,410
Duluth
Toledo
Detroit
147,827
8,145
....
...
Philadelphia
....
Peoria
6,875
•
•
•
21,837
12,000
21,720
....
....
115,619
100,943
77,517
50,096
287,591
361,449
23,037,244
23,896.743
14,511,151
10,923,623
3,2,382
71,405
2l.7iy,097
•
68,137
320,376
312,632
8,894,740
7.696,815
7.779,372
5,231,031
5,963,839
4,8l3,U<9
28,172,242
500
4,531
4,9u0
432
.
Kansas City
Lake shipments,
On canal
week.
Total
Nov.
9, 1873
Nov.
2, 1878
Oc\
26, 1878
Oct.
Oct.
Oc5.
1878
1878
1878
130,253
139,59)
234,012
20,987
13,340
293,095
11,063
94,013
2'0,780
119,057
127,643
10.1,278
1,367,129
212,152
222,678
1,4C0,000
335,600
....16,565,793
....17,215,760
16.292,755
9,296,949
2,818,962
3,158,440
3,475,740
....
....
....
...16,882.581
.
.16,503,859
14,701,428
...
1878
.13,099,673
12,473,859
...
9.698,182
9,804,922
10,208,909
10,218,895
22,833
2,695
•
m
m
•
•
•
•
•
32,000
53,180
762
960
10,262
110,013
20,893
7,316
70,471
82,890
10,919
23,493
17,146
561,217
292,198
1,814,736
1,200,000
....
9,230
99,552
> •
330,225
....
Baltimore
Rc.il shipments, week..
•
4,933
7,162
121,078
16,186
24,723
m
3,552,441
106,158
205.000
186,000
5,336.614
5,783,463
5
083,207
5,212,725
4,767,541
9,803,943
11,035,074
3,729,690
3.713,632
3,942,782
3,776,721
11,134,092
4,*213,525
3.088,073
4,142,867
7,920.213 3,579,044 3,804,627
17, 1877
The merchants of St. Louis continue to hope for a large
Nov.
1,186.357.
1,434,301
1,406,548
1,648,975
1.249,519
1,260,292
1,244,086
2,552,949
992,331
devel¬
trade with Europe by way of the Missis¬
sippi River and New Orleans. Their calculations as to com¬
parative cost of shipment and transportation, with ocean insur¬
opment of their grain
ance
left out, are about as
ST.
,
follows
:
LOUI8 TO LIVERPOOL.
Via New Orleans.
Gents.
1*50
8'50
*75
’45
16 00
Elevator, St. Louis, per bushel
Freight to New Orleans, per bushel
Transfer to ship, New Orleans, per bushel
Rivjr insurance, per bushel
Ocean freight, 8d. per bushel
*50—27*70
Commission, per bushel
Via New York.
Elevator, St. Loui*, her bushel
Transfer, St. Louis bridge, per bushel...
Freight to New York, 35cents per 100, per bushel
Ocean freight, 7d. per tujh
Commission, per bushel
j
.
1*50
1*00
2100
14 00
*50
38 00
10*30
Or, saving for New Orleans route, per bushel
THE DRY GO JDS TRADE.
4,564,066
Friday, P. M., Nov. 22,1878.
4,703,118
2,339,942
2,653,927
504,757
93,109
128.321
598,766
Indianapolis
19,
12,
5,
Sept. 28,
114.620
256,097
245,823
Boston
Toronto
Montreal
53,50#
620 000
220,00)
Oswego
St. Louis.
85
7u®
Receipts at lake and river ports for the.week ending Nov. 16,
1878, and from Dec. 31 to Nov. 16,and from Aug. 1 to Nov. 16.
AT—
follows:
Grain.
Flour.
extras
The visible supply of grain, comprising the stocks in grinary
the principal points of accumulation at lake and seaboard ports,
and in transit by lake, canal and rail, Nov. 16, 1878, was as
at
Chicago
Rye has slightly declined under free offerings, boat-loads of
No. 1 State selling at 60@60£c. To-day, two boat-loads of State
gold at 61c. Barley has been active, mainly at 90@95c. for sixrowed State and 95c.@$l for low grades of Canada; but a boat¬
load of choice Canada sold at $1 22|. Oats have materially
declined, especially the medium grades, and the lower prices
have not as yet promoted much improvement in business. To¬
for
day, the market was firmer, No. 2 graded closing at 30|c.
mixed and 32£c. for white.
The following are closing quotations :
Extra State, &c
Western Spring
545
THE CHRONICLE.
1878.]
November 23,
goods were generally quiet iu first hands during the
past week, but there was a moderately-increased demand for
1.750,0 ;1
light-weight woolens and cottonades by the clothing trade, and
Same time 1876
,1,915,911 :23,948,8^5 31,544,983 9,2;)0,536 4,810,.33 1,272,526
Same time 1875
1,770,423 32,260,675 16,754,539 13,235,379 3,678,776 1,03^,615 orders for such fabrics were placed to a fairly satisfactory
Shipments of flour and grain from Western lake and river amount. Foreign goods continued in very light request, and
ports from Dec. i31 to Nov. 16.
large offerings of silks, dress goods, &c., were repeatedly made
Corn.
Wheat,
Oat*,
Rye.
Flour,
Barley,
through the auction rooms, where they realized low and unrebu?h.
bush.
bush.
bush.
buch.
bbls.
munerative prices.
Tot.Dec.31 to Nov.16 .5,212,945 59,007,511 76,256,412 2), 145,991 4,710,845 3,501,825
The continued mildness of the weather has
Same time 1877...
.4,502,8'0 40,233.732 64,574,539 16,961,220 4,985,818 2, i 62,921 checked the demand for winter fabrics in
jobbers* bands, but a
Same time 1876.... .4,290,313 45,540,219 71.104,8:4 18,969,137 3,403,703 1,987.673
Same time 1875
802,9i7 fair business (for the time of the year) was effected in staple
.4,316,559 54,732,2.46 40,159,519 13,*55,633 2,22 i,635
Rail shipments of flour and grain from Western lake and river cotton goods; and liberal sales of prints and ginghams were
made by some of tbe larger firms by means of reduced prices.
ports.
Week
Corn,
Oats,
Barley,
Rye,
Flour,
Wheat,
Values of the most staple cotton and woolen goods were fairly
bush.
bush.
bush.
bush.
bbls.
ending—
bbls.
bush.
121.073
282,191
16,186 maintained
Nov 16, 1878
212,152
101,278
114.02:4
by agents, but price reductions were made on certain
9 1.483
112.431
Nov. 17, 1S77.
122,212
98,661
2,791
110,603
51,401
Nov. 18, 1876
626,287
202,733
66,410
425,435
makes of prints, ginghams and dress goods, in order to clo^e out
127,150
....
Domestic
.
Nov. 20, 1875
97.436
377,596
306.937
75.211
Receipts of flour and grain at seaboard ports for the week end
ing Nov. 16, 1878, and from Dec. 31 to Nov. 16.
At—
Wheat,
Corn,
Oats,
bbls.
bu*h.
bush.
bush.
843,546
112,375
9,500
217,7:30
62,660
2,500
236,4 T)
42,700
128,600
87,4;34
2S.OOO
47,180
120,632
43,790
3,200
24,852
New York
Boston
Portland
Flour,
.
Montreal
Philadelphia
22,850
Baltimore
New Orleans
23,005
16.992
1,319.680
171,541
...
128,079
239,3 >0
586,400
89,012
Barley,
Rye,
bush.
243,900
32,700
bush.
88 247
800
35,000
4.300
1.335
M'10
23,327
311,600
121,574
278,048
164,517
15,616
34i,455 681,373
Corresp’ng week,’77. 292,699 1,320,369 1,714,155
Tot.Dec.31 to Nov.16.8,396,670 96,316,367 96,071,417 21,722,304 5,047,419 4,523,310
Same time 1877
7,117,562 33,525,805 77, .01,491 18,483, 31 6,405,841 2,255,416
Same time 1876'
8,720,146 38,041,124 79.274,0*1 22,262,811 5,9 It.154 1,222,037
8ametime 1875
8,635,381 4*,396,630 51.316,4:8 18,212,382 3,902,698 425,279
Exports from United States seaboard ports and from Montreal
Total
,
Previous week
..
..
for week ending
.
Philadelphia
Baltimore
Total for week..
Previous week
Two weeks ago
Same time in 1877...
corn.
2,5 7,012
250,9*5
2,512,237
1,473,355
1,241,705
402,605
331,176
November 16, 1878.
From—
New York
Boston
Portland
Montreal
261,021
Fionr,
Wheat,
Corn,
Oats,
Rye,
Peas,
bbls.
bush.
bush.
bush.
bush.
bush
72,515
8,903
1,298,612
446,626
5,175
54,199
14,132
33,904
73,591
203
81,337
24,555
131,453
95,111
5)0
1.330
2,145
771,636
620,674
9,350
51,190
2,372,964
101,875
70,148
1,837,079
1,171,-85
703.8)1
49,070
16,053
1,401,9.5
28,988
38,664
5
2,916
5,093
6,154
95,592
133,483
108,406
£6,664
8*9,149
671,013
2.479,445
*
'
**
39,283
53.421
121.430
17.778
71.585
accumulated stocks.
Domestic Cotton
Goods—The exports of domestics from
during the week ending November 19 were 1,723 pack¬
ages, of which 783 were sent to China, 526 to Great Britain, 126
to Hayti, 74 to Mexico, 43 to Porto Rico, and the remainder, in
Agents’ prices were
relatively small lots, to other marke.s.
without material change, and stocks of the best makes of cotton
goods are so well in hand that tbe market lias a fairly steady
undertone. Brown and bleached goods continued quiet, but
cotton flannels were in fair demand, and some liberal transactions
in corset jeans were reported.
There was rather more inquiry
for cottonades and cheviots, but ducks, denims, stripes, ticks and
other colored cottons were in strictly moderate request.
Print
clotli3 were quiet but firm at a slight advance upon last week’s
quotations, viz., 3 5-16c., cash, to 3fc., ten days, for 64x64s, and
3£e., cash, for 56x60s. Prints were quiet, aside from patch-work
styles, Turkey reds and a very few makes of fancies, which
were in fair demand.
Hartel’s, Garner’s, Steel River and Har¬
mony prints were reduced from £ to -Jc. per yard, which some¬
what accelerated their distribution.
Ginghams were unsettled,
and some makes were lower in the hands of agents and jobbers.
Domestic Woolen Goods —There was a very fair movement
in spring woolens, and orders for light-weight cheviot suitings,
worsted coatings ana fancy cassimeres were placed wiih^manufacturers’ agents to an important aggregate amount. Flannel
this port
t
THE CHRONICLE.}
546
were also in good request by the clothing trade, and
(for boys*’wear, &c.,) received a fair share of attention.
Heavy woolens were taken in small lots to a moderate aggregate
by cloth jobbers and clothiers, and there was a steady inquiry for
light selections of cloakings. Cloths, doeskins and repellants
ruled quiet at unchanged prices.
Kentucky jeans were some¬
what less active than expected, and purchases were restricted to
very small parcels.
Satinets were in irregular demand, but
printed styles were taken in moderate lots by clothiers. Flan¬
nels were distributed in small parcels to a fair amount, but
blankets were in light request.
Dress goods ruled quiet, and
suitings
tweeds
shawls and skirts continued sluggish; but hosiery and underwear
were in fair demand.
Foreign Dry Goods.—There was only a light hand-to-mouth
demand for imported goods at private hands, but important lines
of silks, dress goods, laces, &c., were disposed of at auction.
Staple dress goods brought fair prices at public sale, but fine
French fabrics of a fancy character were in some cases sold at far
less than importation cost.
Silks also sold very low at auction,
but trimming velvets realized fair prices. Toward the close of the
week there was a somewhat better demand for goods adapted to
the coming holiday trade, in which handkerchiefs, laces, fancy
goods, &c., participated ; but business in this connection has not
y et become active.
Importations of Dry Goods.
The
I,21b
Receipts of Leading Articles of Domestic Produce.
The
following table, based upon daily reports made to the
Produce Exchange, shows the receipts of leading
articles of domestic produce in New York for the week
ending
with Tuesday last (corresponding with the week for exports), for
the period from January 1, 1878 to that day, and for the corres¬
ponding period in 1877.
New York
follows
as
:
2876.
Value.
Pkgs.
Manufactures of wool..
do
do
do
Ashes
Beans
Breadstuff's—
bbls.
.bbls.
2,044
3,647
67,014
6,099
71,616
Flour, wheat
.bbls.
Corn meal
131,202
3,936,951
bbls.
bush.
1,474
2.953,364
171.2:4
209,927
1,222,769
56,583,353
3,746,S9!
35.691,910
13,156,133
5,233,185
6 4,0 >7
26,1)31,390
Wheat
1,968
$599,941
2,207
2,517
158,404
202.125
WAREHOUSE
FROM
*694.518
123,559
297
Mi8ceirneous dry goods
WITHDRAWN
109,963
78,863
361
323
511
580
432
751
..
Total
$105,002
128,795
100,734
313
478
357
496
324
*109,696
silk
flax...
Pkgs.
bush.
Corn..*
Oats
bush.
bush.
132,yl6
810,850
274,354
Barley and malt
bush.
290,8 5
Peas
bush.
Cotton
bales.
bbls.
12,792
27.785
Cotton seed oil
Flax seed
AND
THROWN
168,295
INTO
THE
Manufactures of wool
do
cotton
do
silk..
do
flax...
Miscell’neous dry goods
$100,204
29,701
73,201
2414
217
17.5U4
223
106
83
197
149
47,864
16,374
174
563
Total...
Add ent'd for
763
2,517
*174,344
691,518
1,968
$266,344
590,941
1,283
2,207
mark’t 3,441
$868,852
2,731
$857,255
3,491)
S6S631
23,013
185
.
97
31
36,657
28,539
157
454
924
cons’mp’n
Tot. thr’wn upon
ENTERED FOft WAREHOUSING DURING
Manufactures of wool..
no
cotton
do
do
silk
flax
$93,720
80,266
34,705
255
222
53
709
2:7
..
..
Mi8ceirueous dry good;-
182
49
140
32
23,935
36,083
9,024
1,516
2.517
|321,108
694,518
1,968
Tot’l entered at the port
4,033
$1,015,686
2,440
j
181
93
17
140
96
1
530
£90,941
|
2,207
$770,219
|
2,737
472
Total
Add ent’d for cons’mp’n
PERIOD.
$63,079
24,971
44,121
69
87,512
Imports of
SAME
74
$179,278
Loadiutc Articles.
The
sides
pigs
hhds.
bbls.
.......
l(il,244
25)6,669
102,531
85,006
151,711
186,791
1,493
3,783
96,292
106 030
114/66
72,575
3.914,925
3,931,310
163.746
4P3
71,228
2,198
3,509
bbls.
1,169
68,226
bbls.
358.910
bbls.
bbls.
7.159
489
236
71,500
360,899
pkgs.
9,668
413.451
21,738
4,161
309,532
bbls.
363
15,305
16,410
bush.
3,297
116,034
63,652
83,651
pkgs.
pkgs.
pkgs.
pkgs.
pkgs.
4,136
1,095
42,092
33,717
88,854
2,813,995
i, bis.
9,779
441,113
tcs. & bbls.
14,478
kegs.
21,271
67/38
3 6870
34,79.)
bbls.
19,642
2,995
galls.
•.
Cutmeats.
Butter
Cheese
Egg*
56,858
61,071
Lard
Lard
38,877
No.
565
2)1
Rice.
Dkgs.
1,043
Hogs, dressed
47,971
92.952
126,149
Provisions—
$86,227
133/23
4,576
Peanuts
Pork
Beef
609,193
276.736
24
Oil, lard
Oil, whale
$706,086
494,823
806.663
7,624
Roifin.
Tar
Pitch
Oil cake
$120,625
MARKET DURING
THE SAME PERIOD.
..bales.
10,799. 3ft
6,230 314
282,017
bags
No.
bales.
1,703.536
31.241,804
1.265
5.436
992
bags.
Grass eeed.
Hides...
Hides
Turpentine, crude
Turpentine, spirits
Value.
72
.
Rye
.......
1876.
Value.
Fkgs.
286
936
247
cotton
"
1877.
last year.
-
Molasses
Molasses
Naval Stores—
21, 4678.
ENTERED TOR CONSUMPTION TOR TUB WEEK ENDING NOV.
1.1 Same time
Week ending Since Jan.
Nov. 19.
1878.
importations of dry goods at this port for the week ending Hops
Nov. 21, 1878, and for the corresponding weeks of 1877 and 1876, Leather
Lead
have been
[VOL XXVII.
195.248
149,776
43,111
50,124
1,175,256
908,783
1.136,459
628. i 79
1,152.466
2,082,251
447,303
355,579
40,917
30,9°0
291,004
Spelter
slabs
Stearine
706,086
pkgs.
476
17,6)0
Sugar
Sugar
bbls.
hhds
33
130
1.299
786
16,320
pkgs.
1.836
5,4'*6
12,9<4
64,872
$897,090
Tallow
Tobacco.
Tobacco
bx=. and
cases.
hhds.
Whiskey
1.182
5,508
3,025
bbls.
Wool
$81,514
63, lt.9
bales.
16,879
72,334
191,217
139,153
186,132
95.042
184,757
139,542
79,752
93, >,78
44.701
6.398
24,286
18,304
Exports of Leading Articles of Domestic Produce.
The
following table, based upon Custom House returns*, shows
from New Vork of all leading articles of domestic
produce for the week ending with Tuesday last, from the 1st of
January 1878 to the same day, and for the corresponding period
$177,205
706,086
the exports
$883,291
in 1877.
following table, compiled from Custom House returns,
lows the foreign imports of leading articles at this port since
tnuary 1, 1878, and for the same period in 1877:
Week ending Since Jan.
1878.
Nov. 19.
1, Same time
laet yea-.
[The quantity is given in Dickases when not otherwise specified.!
Same
Since
Jan. 1, ’78 time 1877
Metals, &c.—
Cutlery
China, Glass and
JSarthenware—
China
Earthenware..
.
Glass
Glassware
-
Glass
plate
Buttons
Coal, tons
Cocoa bags....
Coffee, bags
Cotton, bales
Dregs, &c—
Bark, Peruvian.
'
Since
Jan. 1/78
13,633
34,804
197,304
2 4.14 i
4,3b8
7/50
120,541
19,939
13.131
36,459
282,669'
33,8611
Steel
7,1.74!
Tin, boxes
Tin slabs,lbs...
6,009
67,389 Paper Stock
21,781 (Sugar, hhde, tcs. &
'
bbls
1,498,’<196 1,608,542
4,749 |Sugar, bxs & bags.
4,020
| Tea
7..
16,773 (Tobacco
Blea. powders..
Cochineal
Cream Tartar...
Gambier..
26,127
2,987
25,6481 .Waste
3,144 J Wines, &c—
Ginn, Arabic....
Indigo
3,516
Madder ifcExt.of
Opium
8oda,bi-carb...
Soda, sal
Sodaasb
Flax
Furs
Gunny cloth
Hair
Hemp, bales
Hides, &c—
Bristles
Hides, dressed..
India rubber
Ivory
Jewelry, &c.—■
Jewelry
Watches
Linseed....
Molasses
;,95
Lead, pig?
Spelter, lbs
35,936
Oil, Olive
3,635
Hardware
15,272
5,216
4,69i
33,62.
900
60,430;
Wines
5,044 Wool, bales..
4,262}j Articles reported by
5,971
value—
38,685 (Cigars
1,53 6
Corks
56,174
19,687 Fancy goods
58,368 Fish
59,114
58,742 Fruits, &c.—
17,952
2.806
6,181
1,049
5,285
117,489
4,591)
5,941
4,773
2,709
1,000,166
492,399
Oranges
Nuts.
Raisins
131,164 Hides, undressed..
Rice
1.274
4,452
39,641
1,491)
2.275
505
213.968
76,740
1,630
5,644
53,205
726
S
Spices, &c.—
Cassia
142.301
Ginger
Pepper
Saltpetre
325,209
196,417
51,867
372,529)
86,368;
Fustic
349,125
41,634
Logwood
549,565
Cork
.
Mahogany —...
026
234
236
Beeswax
Breadstuff’s—
3,011
159,180
106,753
74,992
2,219,700
1,268,895
232
4,036
378/82
6.999
201.374
48,824,696
3.1, < 13
3,539.961
3,538,517
18,128,810
l,‘)09,0iO
234,217
1,411,072
Corn
Candles
Coal
Cotton
..bush.
.
ICO
13.101
478.3S4
2.126
..bales.
...
bbls.
Spirits turpentine
850
41,621
53.412
811.313
Sperm
442,U08
.bbls.
.bbls.
...bbls.
.
...gals.
...gals.
..
gals.
Provisions —
Pork
Beef....-
Butter
•
1
j
40.026
51,365
C00
135
15.77'J
23.417
i
226,121
215 ) 07
7,099
30
5,0.84
9,762
44.418
3,139,227
.1,S55,13.2
j
16,‘in
a:)’,9 36
5:8,322
1,13 *.494
82,031
9.486
,483
349,630
11,849
2,635,033
185,673,090
211,325,182
4,690
214.346
44,713
105,4)9
35,881
50,884
398,392,913
20,624,281
213,781,462
37 584
189
909
lbs.
lbs
....lbs.
9,518,562
450,£33
2,198,516
3,361,664
l,lS5.4iy
..hhds.
hales and cases.
o2,6-,9
342,083
90,302'
88
2, i ft
681
Tobacco, manufactured....
Whalebone
•
tierces.
....
Cheese
Lard
Rice
Tallow
Tobacco
•
46)
Beef
Cutmeats
Tobacco, leaf
•
51,811
Lard
,
•
90
.
347,403
22,553.741
45,717
2,016
1,647
Hops
Naval Stores—
Crude turpentine.
371,253
24,738,870
402,534
124,541
52,678
13,2-4
Hay
1,337
42.692
48.5 '7
3/33
...tons.
Domestics
$
43,666
2,225
...bush.
Peas.
Rosin
Tar
Pitch
Oil cake
Oils—
Whale
528,215
51.199
Oats
39,457
29.243
1.365,863
Barley
77,964
117.997
375,524
1,769
Rye....
749
103,318
113,322
440,567
401,363
bbls.
..bbls.
...
Wheat
1.270,586
941,800
1,653.537 I,215,585
698,678
714,120
1,036,900 1,104,339
9,553,845
182
248.301
260,993
2,454 Woods454
•
1,355
22
bbls.
...
Corn meal
1,3:2.467! 1,133,408
51.8:9;
Lemons
3,426
1,172
103.C84
763,206
43,631
514,088
537,225
1,930,561 2,622,860
80<,454
797,554
51,430
55,609
80,405
114,(-83
23,339
30
Ashes, pearls
Flour, wheat
Flour, rye
5,896
1,024,388
38,620
1,071.515
921,088
9,319,008 9,2.v2,228
1:7,279
166,106
417
Champagne,bkts.
Ashe?, pets
Same
1,718
2,314
153,023
4,368
122,825,142
225,747.381
21,439
63,608.60 i
108,163
8u,576
6,515,575
99,481
25
49.613
18.8
6,499
96,865,079
149,359,310
<3,215
51,100,<<73
88,705
41,949
7,741.317
THE CHRONICLE.
23,1878.]
November
GUNNIES.-r-See report under Cotton
GENERAL
ajhesPot,first scrt
... f) ft.
BRKADSTUFFS—See special report.
Cement— Rosendale
^ bbl.
Lime— Rockland common... J bbl.
Rockland, finishing
do
tally boards, com.to g'd.each.
Spruce boards & planks, each
Hemlock boards, each.... :
ft M. ft.
Maple
Wails—10@60d.ccm,fen.<fc sb.fi keg
Sdflne...
4.X®
to
to
2 25
7 00
26 00
80
80
90
45 00
18 90
22
38 00
38 00
75 00
20
14
25 00
2 15
4 25
W
4 75
9 00
to 28 00
99
to
to
o
to
to
to
to
©
....
1 45
-to
o
22 00
so
•
•
19
22
15
9
•
•
1 59
21
25
16
14
©
to
to
to
8
3Y
8x
a
6Xft
@
do
8 00
....3
a
....gold.
Laguayra...,
15%
....gold.
....gold.
....gold.
...
•
•
•
•
•.
....gold
....gold.
t.
.......
.......
....
U'4
..
....gold.
gold.
.
St. Domingo
Savanilla
Costa Rica
gold.
....gold.
23*3
*5
16
15
13
17
<&
@
14Xa
16%
14
©
17
12
14
15
C(t
@
16K
13
17
13
©
I
COPPERV ft.
Bolts
...
•
gold.
100 lbs.
**
cur.
*•
Glycerine, American pure
Jalap
Licorice paste,Calabria
Licorice paste,Sicily
Licorice paste,Spanish, solid.,
Madder,Dutch
•••®
2 0.1
Barbadoes
“ '
Arsenic,powdered
•*
3
bicarb, soda,Newcastle.?* 100 ft “
Bichro. potash....
?<ft cur.
l
Bleaching powder.....ft 100 ft.
Brimstone, 2nds & Srds.per ton.gold.2l
Brimstone, Am. roll
»»..cur.
••
Camphor refined
..
Castor oil,E.I.inbond. feal. .gold.
3
Caustic soda
ft 100 ft
•*
Chlorate potash
“
“ 17
Cochineal,Honduras, silver... ’ **
Cochineal, Mexican
’*
Cream tartar, powdered
car.
Cubebs, East India
"
per
to
15^3
Aloes,
Catch
Gambler
Ginseng
23
26
23
16
....O
Sheathing,new (overl2 oz;
Braziers* (over 16 oz.)
American Ingot, Lake
COTTON—See special report.
DRUGS & DYES—
Alum, lump, Am
f) 100 ft cur
...ft ft. gold.
Aloes,Cape
M
**
“
.gold
“
Madder,French
Nutgalls.blne Aleppo
.....cnr.
Oil vitriol (66 Brimstone)
“
Opium, Turkey ....(in bond), gold.
Prnssiate potash,yellow. Am..cur.
2
12
20
2
2K
70
iV
UK 3
15
©
©
50
2%t
26
95
50
5J
33
55
12K
UK
22
a
to
a
a
©
©
i
21X
1 10
3 8»
17 15
00
3>
it
6
12
©
©
12K®
95 s ©
16 a
21
26
25
26
a
©
a
@
PX©
i
©
isx®
IK®
50
u
45
do
do
Loose,
new
29"
23
23
is
3
19
*.Y
French
5
Pates
Figs,
new
Canton Ginger.w»
' ..
.& hf.pots.f case.
Sardines, $ half l
at
Sardines, ft quart X box
Macaroni. Italian
Domestic Dried- •
Apples, Southern, '‘feed
ao
do
([carters
do
do
ft ft
ft ft.
State, sliced,
do
quarters
Peaches, pared, Ga.( g d to ch’ce *73
do
unpared halves and qr»...
3 70
l 50
1 15
24
1 65
20
7
®
5X
U
6 50 © 8 00
15%®
16%
11UK
9K®
12%@
14
4 Q
3 ®
3X®
5%
0)4
4*,
3x®
7 &
3 &
4
9%
3%
5X®
3> (d
5)^
3i
<2
&
Plums, State
whortleberrlas
15
to
to
25
l^^
13Xto
20
18
19
19
17
• ft
io
• ft
to
o
to
7
• ft
.
-
s ©
....©
....to
6 to
cur.
ft
• ft
Calcutta,buffalo....
11
12
Crude
9
9X
12
9
3X
,
a
„
^
6
9
5
p
@
to
@
8
11
8
Old
to
INDIA RUBBER-
Para, fine
Para, coarse
Esmeralda, pressed, strip
Guayaquil, pressed, strip.
Panama strip
Carthagena, Dressed
<9
@
@
@
•
at
.@
@
@
Nicaragua, sheet
Nicaragua,scrap
Honduras, sheet
Mexican, sheet
53
40
41
42
Pig,American, No. 1
® 17 CO
V ton. 16 00
15 50
14 Ml
16 00
& 15 51
22 iO 0 21 ufl
Store Fricefs,
to
Bar,Swedes,ordinary sizes.. V ton. 180 00 0132 50
* lb.
Scroll
2 5-10®
5
floor*, Kx.No.22 to l&’.Kx 13&14
“
gold.^Pft
5 ® 2 8-10
Sheet, Russia
lOXto
lt'Y
Sheet, single,double & treble, com.
3x®
4
Rails, American
i< ton, cur. 34 00 ® 35 00
Steel rails, American
43 00 © 44 00
f* 100 lbs, gold 6 37%®
cur. 3 75 &
....to
c.)
V ft.
@
...
LEATHER—
Hemlock.Buen, A’res,h.,m.&l.*ft.
“
California, h., m. & 1
“
common bide,h., m. & 1....
“
rough
Slaughter crop
Oak,rough
Texas.crop
6 40
3 80
5Y
20
19
22 K
21
19
20
25
23
22
23
27
23
26
25
MOLASSES—
Cuba, clayed
V gal.
Cuba, Mns.,refin.gr’ds,50test.
“
do
do
grocery grades.
“
Barbadoes
“
....to
3‘ ©
33
....to
Nominal
Nominal.
32 to
45
25 ©
33
“
“
Demerara
Porto Rico
N. O., com.
to prime
NAVAnSTOREBTar, Washington
2 37K
2 37 X
1 90
...V bbl. 2 20
Tar. Wilmington
Wilmington
Tar,
*‘
....
2 20
Pitch, city
Spirits turpentine
V gal.
Rosin, strained to good strd.fi bbl.
low No. 1 to good No. 1
“
“
low No. 2 to good Uo 2
low pale to extra p \le.. “
windowgla88
**
1
185
30
1 35
3i'X
! 40
2 40
“
180
“
145
2 r2K®
4 00 ©
••
“
Tsatlees, No. 2
Tavsaams. No. 1
Re-reeled Tsatlees, best
Ee-reeled Congoun, No. 1........
V lb,
4i ®
5^®
Fllr.erts,
Walnuts,
9 ®
14 &
Sicily
Naples
V gal.
Cotton seed, crude
Olive, in casks
gall
l
“
Linseed, casks and bble
Menhaden, crude Sound
Neatsloot, No. I to extra
**
“
“
**
Whale,bleacned winter
Whale, crude Northern
Sperm,crude
38
to
15
©
©
10
1 to
62
to
cU
wi
to
48
©
50
®
to
40
S5
to
©
1 (U
8i
98
4>
“
OILCAKE— 1
City, Thin oblong.bapp, goic, V ton.
Western, thin oblong (Dom.)cur “
PETROLEUM-
M
SPICKS—
Pepper, Batavia
....
“
Cases
...
Refined
12)i&
3
v
bbl.
“
“
“
:..
....to
fill @
If 50
14 50
...®
„
_
V ft.
‘‘
..
V I0t ft
.
bush.
fine
sx t
3 1-16
* sack.
30
6T2X
a
6K
<*i-5
‘6%
@
....to
....©
f^a
ft.
State..
4%
....&
**
„.
2 50
VA
....&
push.
....to
1 7C
•••••
Hemp,foreign..
Flaxseed, American, rough.
W 56 ft. gold.
Linseed, Calcutta
Llneeed, Bombay
ft ft,gold
....©
12Y®
....to
....©
Cassia, ChinaLignea
Batavia
is to
....®
Ginger, African
do
Calcutta
Mace
....to
.to
to
....to
i
..
80
Nutmegs,Bataviaand Penang
Pimento, Jamaica
37
Cloves
stems
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix, 3d proof
Gin....
**
Whiskey, Scotch
“
Irish
“
liquors—
Alcohol
ft gall.
ft.. gold.
®
.
2 10 ®
....to
1 40 ®
1 40 to
2 1)5 @
...,®
1 20
1 75
2 25
2 25
1 SO
1 45
2 10
••••
13
19
21
20
I*
i0
85
17
8S
14
Brandy (Cal.) dellv. in N. \
....
8 00
P 60
3 60
OK
3 25
@
@
8 90
2 04
©
to
“
....
“
....
English,cast,2d&lstquality fiftgold
“
English, spring,2d & 1st quality..
English blister,2d & lstquality..
English machinery
English German,2d & 1st quality
to
....
l 03
....
Store Prices.
1614X©
STEEL—
ex®
9
“
14
©
9X@
lOXto
10X
ca«tspring....i
....to
....to
...to
ft
16
9
machinery
....to
10
blister
American
American
American
American
©
6 00
5 »
gold.
* gall. 3 75 to 17 00
4 GO to
8 00
**
** 3 50 to 4 0b
SPIRITS—
do
Domestic
©
...
“
“
cur.
cast, Tool
American German spring
..©
.
11*
....
SUGAR—
Inferior to common
F<ir
Good refining
Porto Rico, refin
.
refining,., .ft tm.
“
fair to prime
clayed. Nos. 10@12
Boxes,
6% ft
,
7Xto
7W
“
6^to
(X®
7X@
1%
“
“
Ceutrifligal, Nos. 7@13....
sup.
and ex. sup
“
Batavia. Nos. lf@12
Brazil, Nos.9@ll
“
“
“
Jl?fined—Hard, crushed
Hard, powdered
do granulated
1%
9X
8% to
8*<a
“
“
“
-
1%
6% <ft
9% to
“
White extra C
Extra C
7*©
9X@
PXtf
“
Coffee, A. standard
do
off A
8
to
7Y©
7
ft.
...
cur.fL
Commoh to ralr
Superior to fine
do
18
*5
15
do
Extra fine to finest
do
Choicest
Young Hyson,Com.to fair
do
Super.to flue
do
Ex.Qneto finest
do
Choicest
....
Sup.to fine
fair.
Rx flnetonneet
Uncolored Japan,Com.to lair
go
Sup’rtotine
do
Ex.flnetofinest
Oolong, Common to tair,^
do
Superior to fine
.
Kx fmeto finest
Choicest
8ouc.& Cong..Com. to fair
do
do
Sup’rto fine
d*-«
Rt. fin#»to finest
do
Choicest
TIN —
gold, f
Banca
ft
“
English,refined...,.
?Uix g d.
Plates. 1. C.. coke
Plates, char, terne
fljiert, *76-’77.
assorted lots. *76-’77
Tara, land 11 cuts, assorted...
Havana, com.to tine
Manufac’d.in bond, black work.....
bright work
WOOLAmerican XX
American, Nos. 1 & 2
American, Combing
Vft
Pulled
No.l, Fulled
California, Spring Cup-
unwashed..
Smyrna.unwashed
To Livkepool:
Cotton
f* ft•
Flour .........f bbi.
goods. .V ton.
Corn,b’lk& bgs. f» bu.
Wheat,bulk & bags..
Heavy
Beef
Pork
.
ft tee.
f» if.
®
24
82
40
to
45
0
25
3^
®
5(>
16X
5 50
6 00
S
8X®
5
5X®
13
S5
@
©
e
to
73
75
12
16
@
?0
28
86
30
18
to
25
gold.
r-8TIAM.->
s. d. s. 0.
to
10
7
2i
21
is
U
23
;
Fair
Inferior
Burry
*
Sjuth Am.Merino, unwashed.....
Cane Good Hope,unwashed
Texas, fine. Eastern
Texas, medium. Eastern
..
FREIGHTS—
to
to
....»
“
do
to 6 S—16
19
17
5 so
5 15
Kentucky lugs, heavv
— f>Tb
“
com. to fine.
leaf,
Seed leaf—New Eng/wrapperp’76-*77
Superior,
8X
1%
7X
6X
18X *
16X©
Ti>BACH * —
**
*8 V
Nominal.
do
Ext, ra fine toflnest
Hyson Skin.A Twan.-com. to
‘
•
18 to
28
27 to
33
33 to
45
14 to
15
ib o
17
Nominal.
17 o
22
26 to
83
£6 to
45
23
is ©
33
26 to
45
35 to
Nomina).
23
18 ©
35
27 ©
5C
40 r*
7d
55 @
Sun.to fine
“
•
Nominal..
16
30
43
Ex. fine to finest
Choicest
do
do
•
9^
Nominal.
@
21
to
32
16
25
85
Bunpowder.com to fair
tfo
Sup.to fine
do
do
•
**
TALLOWPrimecity
TEA—
idyuon,
0
6 X'«
“
Yellow
Molasses sugars
6
7
9*4,®
“
“
cut loaf
do
iX
8
-JX®
sx®
“
Manila,
«
“
Extra,
.
SEEDSClover, Western
Clover, New York
Timothy
Canary, Smyrua
Canary, Sicily
Canary, Spanish
Canary, Duich
1 t 00
9
*
RICECarolina, fair to pnme
Louisiana, fair to prime..-.
80
5 87X®
4 SIX'S
white
»*
to 11 CO
to 15 0)
...to
Lard. City steam
nald
5X
14
9
to
7 5)1
V ft
Hams.smoked
SALT—
Turk’s Island
St. Martin
Liverooo1. ABhton’s
30 5)
@
®
Singapore
Pa.
long clear
bond,
a
....to
Naphtha .City, bbls
provisionsPork, mess,spot
Pork,extra prime
Pork,prime mess. West
Reel, p aiu inese, ne^
Beef, extra mess, new
Beef bams,Western
to
....to 29 00
©
5 25
4 75
do
do
49
4 75
uo
Struild
,
V gal.
Crude, in built
Patna, auty
1UX
..
“
Noe. 1 and 2
Rangoon, in
8X®
“
bleached winter
Bacon, West,
U
53
27
'‘
ux
4X@
...
cur.
Imperial.Com.to lair
5X
None.
..100 ft.gold.
Foreign
Domestic, common
no
Almonds, Jordan shelled
®
SPELTER-
do
do
NUT^
9
®
mi
SILK—
Melado
LEAD—
Ordinary foreign
Domestic, common
Bar (discount, 10 p.
Sheet
**
“
6
6 00
3 25
“
w^biulrav
43
42
31
43
IRON--
Pig, American,No.2
Pig, American, Forge
Pig, Scotcn
“
Nltratesoda
do
..
ft ft
100 lb.gold
per
do
7X
Wisconsin
Lard oil.
Blackberries...
Raspberries
Cherries, ary mixed
....
20X
....to
kips.Blaught. gold
•
IOPSNew Yorks, com. to tried..,,
do
good to prime
Eastern
Sperm,
4 i
%
Prunes,Turkish, new
do
29 to
....to
....©
....to
16X®
OILS—
6%
4
14
b
13
to
13%
Citron
....
• ft
17
3 25 @ 4 30
14 00 n 22 W
19 00 Q 20 00
Boo fy 9 00
9 00 © 10 00
6
Currants, new prime
®
19
OAKUM—Navy,U.8. Navy & best *ft.
SOlb.irall 3 25 ^3 30
1 70 Q,
....
1 85 ® 1 75
Valencia, new
®
....
4Y
Pecan
FIS-1—
Mackerel, No. 2, Bay
FiUITRaisins,seen less, new, per
ao
Layer8, ne»v
• ft
<5
15
H
®
...
George’s tnew) cod.ft qtl.
Mackerel,No.1, vf. Bhore
pr.bbl.
Mackerel, No. 1, Bay
Mackerel,No.2 MasB.3hore
....
3^®
Brazil
3ixe
at
Quicksilver
.'
gold.
Quinine
cur. 3 61 to
<*.
50
Rhubarb, China,good to pr.... “ •
1 12
Sal soda, Newcastle.. ?< 1U0 ft, gold
!8
Shell Lac, 2d & 1st English. ft ft .cur.
$ 100 lb. gold 1 55 ©
Soda ash
®
>ugar of lead, white,prime,#ftcur.
e ya&
“
Vitriol, blue.common
Gr’d Bk.<%
»
ft*
Calcutta kips, deadgreen..
-
.
....
....
@
5 Xtt
• ft
do....
do....
California,
Texas,
E. 1.8tock—C&\.
Liverpool housecannel ...
11 00® ....
Anthracite—The following will show prices at
last auction or present schedule rates:
D.&H. P.&R. L. &W.
Penn.
D.L.&W.
**
Sched.
Sched.
Auction.
Sched.
N. Y.
Port
Oct. 30.
NewHoboken
Harbor.
John.^t’n.
bure.*
3 tO
St’mb.. $3 55 ?3 45@1 41X
3 10
3 57X
Grate... 3 65
3
b5
3
61%
Egg .... 3 15
4 2J
4 !'5
Stove... 4 05
CO
3 St@3 35
Ch’nut.. 3 50
50 cents per ton additional lor delivery at New
York.
CUFFEE.gld.vtb
..a
U\
Java, mats
n
Native Ceylon.
Mexican....
Jamaica
Maracaibo
0
Yearlings
Llverpoolgae cannel
do
do
“
“
..
4
•
....
40
7
do....
do....
do....
do....
do
Matamoras.
Wet Salted—Buen. Ay, selected
do....
Para,
COAL-
do fair,
do good,
do prime,
“
Corrientes,
Rio Grande,
Orinoco,
California,
28
to
16
o
to 45 00
to
to 5 25
to 4 43
to 2 45
.
gold
..
Dry—Buenos Ayres,selected.ftftgold
do....
Montevideo,
• ft
60 00
•
®
V ton
•
6YS
3* to
.
Refined, pure
35
HIDES—
...
(X«
.
HEMP AND JUTEAmerican dressed
American undressed
Russia clean
Italian
Manila
Sisal
Jute
45 00
45 00
@150 00
....
..................
Cutspikes,allsizes
Faints—Ld., wh.Am.pure. in oil V ft
Lead.wn., Amer.,pure dry
Zinc, wh.,Amer. dry. No. 1
Zlnc.wh., Amer.,No.l,ln oil
Paris white. Eng., gold.... ft 100 ft.
BUTTER—(Wholesale Prices;—
Palls, good to choice State
V ft.
West’n creamery g’d to ch
“
WelBh, State, good to prime.... “
Western dairy, fair to pr
“
CHEESE—
State factory,prime to choice.. ..V ft
WeBtem factory,g’dto choice..
“
8ALTPETRE—
HAY—
North Hiver shiDP’nc.,...... V 100 ft
PRICES CURRENT
BUILDING MATERIALS—
tiricks—Common Lard,afloat..V M
547
©
©
©
to
to
©
©
33
20
26.
30-
to
@
to
.....
24
15
SjLIL.-—
8. *.
d.
20 0 ©
i ©
J
....
30 0
....
iX *
••••
to
...»
•••to
im»
....
•
42
to
to
Jii
9-32 ....@
2 3 j
3 6 ®.--
25 0 &50 0
IX i....
7Y4-.-• *> t*....
5 0 ©
3T
1-8
to
13
9.
1 20
24
4b.
27
23
2u
18
to
to
to
21
21
/
9
10
82 X
[Vol. XXVIi.
THE CHRONICLE.
548
-It
Insurance.
Commercial Cards.
E.R.Mudge,Sawyer&;Co
AGENTS
FOR
iVAghInstuu iTiilln, Chicopee
Mfg €o,,
Burlington IVooleu Co.,
THE
Financial Review,
ttUertou New 1TI11)«,
Atlantic Coston Mills,
Saratoga Victory Mfg
Skirt* and
8 T 8
1
Drawern
From Various Mills.
ISChaunosy St.
PHILADELPHIA,
4Sf_ <fc W. DAYTON. 280 Chestnut Street.
ATLANTIC
.
YEAR BOOK
A
Mutual
or
JBrinckerhoff, Turner
&
*
COTTON SAIL DUCK
And all kinds of
«XnTON CANVAS. FELTING duck, car
cover
«KG, BAGGING, RAVENS DUCK, SAIL TWINES
*C. “ ONTARIO ’ SEAMLESS BAGS,
*'
AWNING STRIPES.’
Financial—
United States —National
Company.
and Colors alw&ye in stock.
George A. Clark & Bro.,
Bank Figures and
Premiums
1st
City—Bank Returns, &c.
same
The Silver
York, and Prices of Call
The
AND
•
AGENTS,
SHIP
lEong Kong, Canton, Amoy, Foocliow
Nliatigliai and Hankow, China.
Boston Agency.
) New York Agency,
S. W. POMEROY Jr.,
dT. MURRAY FORBES, >
40 Central Street. \
105 Water St., N. Y
STong Kong 8c Shanghai
Banking Corporation,
Hong Kong.
AGENT,
Water St.. N. Y.
Co.,
MERCHANTS,
COMMISSION
Investments and
by
CO., of China,
OLYPHANT A:
,104 Wall St., New \rork.
1870-1877.
Charles E. Parker,
<X>MMISSION
MERCHANT,
Post Office Box 2,634.
'
Showing the Rate Per Cent
Securities Purchased at
SIIPE R-CARBOXATE
Speculation in New York.
the Interest Cost of Carrying
By order of the Board,
and Securities—
State Debts and
Immunity from Prosecution.
Railroads aud their
Securities—
TRUSTEES:
English Railroad Laws.
J. D. Jones,
W. H. H. Moore,
Supplement—
The Investors’ Supplement which gives a
complete exhibit of State, City and Railroad
Secu ities, is furnished during the year only
to regular subscribers of the Chronicle, and
The Investors’
Financial Review,
Old
chase
a
MANCHESTER
“
Works,
enabling parties to pur¬
single copy in this form.
$2 00
:
To Subscribers of the Commercial
& Fi nancial Chronicle
WILLIAM
B.
motives
and Amoskcag
Fire Engines,
MANCHESTER.
ASK^TAS BLOOD,
;
‘
rlutendeat,
J&hijschester, N. H
Steam
N. II.
W. (i. MEANS,
Treasurer,
40 Water street, Boston
CHAPMAN^ Secretary*
1860-1877.
|
f
1
00
DANA & GO.,
;*
<
J« H,
’
Railroads of the United States.
Slip, New York.*
Jobbing Trade ONLY Supplied.
'*
Ur
7th of May next.
single copies are sold. One number of the
Supplement, however, is bound up in the
MANUFACTURERS OF
■
for the year ending 31st December, 1877, foi which
certificates will be issued on and after Tuesday, the
Bonds, 1880 to 1877.
Price in Cloth
#
dared
*
&c.
no
Locomotive
A Dividend of Forty per Cent, is de.
on the net earned premiums of the Company
and Securities—
United States; Terms of Payment,
Prices of U. S.
The certificates to be
produced at the time of payment and canceled.
Upon certificates which were issued for gold pre¬
miums, the payment of interest and redemption
will be in gold.
United States Bebt
SODA.
.
interest thereon will cease.
Stocks.
OP
"Tbe
realized oi
different prices.
Railroad Bonds, 1873-1877.
Prices of Railroad Stocks. 1860-1877.
MANUFACTURERS OF
11
outstanding certificates of the issue of 1874
paid to the holders thereof,
or their legal representatives, on and after Tues¬
day, the 5th of February next, from which date all
will be redeemed and
Compound Interest Table, Showing Accumu¬
lations of Money in a Series of Years.
State Debts
or
The
Pi ices of
John Dwight 8c Co.,
No.
thereof,
of profits will be paid to the holders
their legal representatives, on and after
Tuesday, the 5th of February next.
Corporations in Nev
Railroad Earnings.
BOSTON.
A4 fflStcliange Place,
certificates
$14,366,351 66-
interest on the outstanding
Six per cent,
Speculation-
York City.
Stock
617,436 01
1,764,393 63
355,364 02
...
Total amount of Assets
Investments of Financial
Table
estimated at
Cash in Bank
Prices of State Securities.
i'
pany,
Premium Notes and Bills Receivable.
Principles Relating to Investments.
Debt of the
4£FoBig Kong, Shanghai, Foochow and
Canton, China.
REPRESENTED
Real Estate and claims due the Com¬
in London, 1833-1877.
New York, from 1862 to 1877.
Quoting.
Table Showing
Olyphant 8c
Stock, City, Bank and other stocks.$10,565,958 00
Loans, secured by Stocks and other¬
wise
1,163,200 00
Prices, Movement, &c.,
Mead Office,
«. W. POMEROY Jb.. 105
Imports of Gold and
United States.
Prices in New York,
Company has the following Assets, viz.:
United States and State of New York
Question.
Methods of
...$2,565,890 27
Expenses...$947,923 86
Foreign Exchange-
MERCHANTS
period
Returns of Premiums and
Commercial Paper since 1870.
Prices of Gold iD
COMMISSION
disconnected
1877, to 31st December, 1877.... $4,902,331 08
ary,
Market-
The Money
Silver in the
Russell & Co.,
$6,751,028 44
Losses paid daring the
Production, Exports and
A-NiJ
2,040,362 61
Premiums marked off from 1st Janu¬
Gold and Silver-
IIEUX NEEDLES.
4(H) BROADWAY, NEW YORK.
Policies not marked off
Risks, nor upon Firo
with Marine Risks.
Commerce,
Canals.
Loans and
KflLWARD’K
on
January, 1877.
No Policies have been issued upon Life
States —Foreign
Influences in New
Ldk\MARk
Marine Risks
Total amount of Marine Premiums.
Returns.
Trade
Balance, U. S. Exports and Imports of Leading
Articles, Tonnage of Trunk Railroads and
V/tradev
on
January, 1877, to 31st De¬
cember, 1877
$4,710,665 83
Commercial-
Street.
Duane
December, 1877:
from 1st
Currency Movements.
United
the 31st
on
Premiums received
London—Money Market and Bank
Also, Aaenta
No. 109
affairs
mercantile Failures.
New York
New York, January 28, 1878.
Trustees, in conformity to the Charter of the
Company, submit the following Statement of its
Retrospect of 1877.
Banking and
States Bunting:
The
CONTENTS.
Manufacturers and Dealers In
Co.
Insurance
INFORMATION.
FINANCIAL
Co.,
r
United
THE
BOSTON,
NKW YORK,
45 White Stbbkt.
A full supply all Widths
OF
(ANNUAL.)
Co,,
AND
Hosiery,
OFFICE
.
Charles
Dennis,
Charles H. Russell,
Lewis Curtis,
James Low,
David
Gordon W. Burnham.
Daniel S.
William
Lane,
Miller,
Josiah O. Low,
Royal Phelps,
C. A. Hand,
William H. Webb,
Francis Skiddy,
Adolph Lemoyne,
Charles H. Marshall,
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
John Elliott,
William H. Fogg,
Thomas B. Coddington,
Sturgis,
William E. Dodge,
Thomas F. Youngs,
John D. Hewlett,
Charles P. Burdett,
Alexander V. Blake,
Robert B. Mintum,
George W. Lane,
DeForest,
Charles D. Leverich,
James G.
Edmund W. Corliee,
William Bryce,
Peter V.
King,
Horace K. Thurber.
PUBLISHERS,
79 A SI William Street, N.
HENRY
Y.
HERBERT,
AUSTIN FRIARS. OLD iiROAD ST.,
LONDON
J. D. JONES, President.
CHARLES
DENNIS, Vice-President,
W. H. H. MOO HE, 2d Vice-President,
A. A. RAVEN, Hd Vice-President.
@FedFRASER