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7453 81
HUNT'S
MERCHANTS’
MAGAZINE,
§j^ W^«Itth Qtw*v*vtt,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE
UNITED STATES.
VOL. 27.
SATURDAY, OCTOBER 19, 1878.
C O NT E N TS
THE
The Crisis in Great Britain
Mercantile Failures and Their
Lessons
A Glimpse at
English Politics
Our Customs Administration Too
Harsh
....
THE
.
CHRONICLE.
United States Treasury Statement 397
393
Latest
Monetary and Commercial
English News
393
394
395
Commercial
News
and
Miscellaneous
400
395
BANKERS’
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, Boston Banks, etc
401
GAZETTE.
Quotations of Stocks and Bonds... 404
Local Securities
405
Investments, and State, City and
406
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
Breadstuffs
410 1 Dry Goods
416
4 0
417
415
I
Imports, and Exports
Prices (. urrent
418
3?!xe Ultr cuticle.
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and
Financial Chronicle is issued
day morning, with the latest
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on
Satur¬
to midnight of Friday.
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cen's
WILLIAM b. DANA,
JOHN g. flotd, jr.
J
jT
WILLIAM B. DANA & CO., Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
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at
since 1876, in which year she received 48 millions
net;
and that, after
having drawn 16 millions net from this
country in 1877, she actuary exported a few thousands
us
during the first half of this year. The last two
to
months have
THE CRISIS IN GREAT BRITAIN.
The condition of affairs in Great Britain continues to be
seriously disturbed, occasional failures being reported, but
no
general panic.
There is great uneasiness under the
pressure which the banks are carefully but firmly putting
on, though the latest advices report a more quiet feeling,
in view of the fact that the Bank of
England has not
further advanced its rates.
markets also
The Paris and continental
respond to the London money pressure, the
Bank of France having taken the unusual
step of
advancing its rate to 3 per cent. The Bank of England’s
condiiion, in respect to coin and reserve, is, as our weekly
reports have shown, low, but not as low as might be
anticipated from the nature of the coin and bullion
movement for Great Britain
during the past two years.
We gave, a few weeks since, a table, from
English offi¬
cial documents, showing the movement of the
precious
metals to and from the United Kingdom, and also
between that country and the United States alone, dur¬
ing the 9£ years just ended. From these figures it
appears that the United Kingdom has been losing coin
changed this to
from this country
import of 1£ millions
duriug the eight months ending
a net
August 31; yet, as between Great Britain and the rest
of the world, her loss of coin has been still
going on, and
since 1876 she has exported net 22
millions, against an
average previous import of, say, 30 millions a year. As
it mny be of interest to see this movement in
respect to
gold alone, we give the following tables, the first being the
movement between the United
Kingdom and all other
countries and the second between that
country and the
United States. The figures are from the British
side, and
the reader will find the previous tables—which combine
gold and silver—in the Chronicle for August 17, p. 161.
GREAT
BRITAIN’S IMPORTS
AND EXPORTS TO AND FROM ALL COUNTRIES.
Net Imports.
Gold.
,
Tear.
Imports.
Exports.
868,854,000
$42,368,000
50,067,000
1872
94,033,000
108,094,000
92,347,000
1813
103,055,009
1869
1870..
.
90,405,000
115,704,000
117,379,000
1877
77,259,000
1878 (8 mo’s)... 48,403,000
GREAT
the office.
851?” The Business Department of the Chronicle is represented among
Financial Interests in New York City by Mr. Fred. W. Jones.
NO. 695.
BRITAIN’S
103,491,000
98,744,000
95,356,000
53,208,000
93,241,000
82,578,090
101 805,000
58,837,300
Net Imports.
gold and silver
together.
$26,485,000
$20,617,000
,
,
43,965,000
4,603,000
.
'
52,693,0^0
21,901,000
*3,639,000
23,610,000
37.628,000
*6,397,000
7,699,000
37,196,000
22,462,000
34,801,000
*24,516.000
28,184,000
47,951,000
*13,178.000
*9,365,000
'
*10,434,000
IMPORTS TO AND EXPORTS FROM THE UNITED
STATES.
Net
Gold.
Year.
Imports.
Exports.
1869
$9,143,000
1870
1871....-;
34,970.000
32,463,000
$5,290,000
364,000
1872 ....:
41,435,000
1873
15,882,000
12 084,000
1874
22,544,000
1875
41,288,000
1876
2’,858,000
1877
10,309,000
45,475
2,883,000
17,621,000
5,838,000
4,213,000
3,197,000
1878 (8 mo’s)...
*
Net
563,000
Imports,
Net Imports.
gold and silver
together.
$3,854,000
$9,433,000
34,606,000
31,944,000
41,435,000
3,798,000
22,49^,000
38,405,000
51,432,000
60,335,000
,
64,310,000
33,737,000
39
755,000
4,237,000
53,868,000
15,492,000
4,471,000
16,061,000
1,015,000
1,529,000
exports.
A
glance at these tables shows that the present trou¬
are
aggravated by the struggle for gold* as
distinguished from silver, for banking reserves, and this
suggests the question, which we only allude to in passing,
whether Europe has not made a grave mistake in its
attempt (by no means yet proven to be permanently
successful) to abandon the use of silver. However,
England finds herself confronted now by three ugly
facts, all closely inter-connected: the loss of the United
States as a purchaser, an adverse trade balance which
has stopped her usual supplies of both gold and silver
from here and threatens her with further depletion for
settlement of her American accounts, and dull trade at
home. The purchase of gold for shipment to the United
bles abroad
THE CHRONICLE
394
'States, in London and Paris, in moderate amounts, is re¬
ported, and also the buying up of more millions of our
funding bonds for the same purpose during the last few
days; but the return of bonds has been so heavy during
the past year that the available supply is nearly exhausted
and the gold cannot much longer be protected in that way.
That England is passing through a severe pressure in this
particular,maybe further gathered from the fact to-day
reported of the large loan by the Bank of France to the
Bank of England. This condition of things is further
aggravated by the dull trade so long prevailing and the
little hope entertained of present recovery.
Our own
London correspondent, writing a few days before the
Glasgow Bank failure, remarked that “all hope of an im¬
proved trade this year has been abandoned and the disap¬
pointment is very great.” The London Economist, of the
5th, begins a paragraph thus: “Our revenue prospects are
growing darker.” It also says that the report of the comp¬
troller in bankruptcy shows that the number of failures is
-continually increasing; that the number of insolvencies
has increased yearly since the Bankrupt law of 1869
went into operation, until the number in 1877 was double
that in 1870. As we have already remarked, the iron
and the cotton trades are worst depressed, particularly
the latter; and the present position is that a large bank,
after having been used by some of its directors to sus¬
tain the private and unprofitable business of the firms in
which they were partners, has broken down from in¬
ability to longer bear the drain; this impels the banks to
•curtail accommodations and call in loans, all the more
so because the times are generally unpropitious; a
pres
sure is thus put upon every
interest and firm, and as the
pressure increases, its effects increase, and vice versa, so
that the result is the application of a searching test
everywhere, after a long course of trying experiences.
Probably this process is as necessary as it is painful.
Ordinarily, it is urged against excessive caution on the
part of banks, that it produces the very trouble it aims
to escape; but this trouble is not merely a flurry of dis¬
trust occasioned by the failure of a bank—it is the
natural culmination of a long course of dull trade and
losses, and whatever is weak must break. The sooner
this process of pain and trial is begun, the sooner it will
be over; the strongest will survive.
Great Britain and
all Europe have yet to undergo—or, more exactly, to
complete—a process of liquidation similar to that which
this country has been experiencing. The inflation of
prices, the rampant speculation, and the waste of capital
in unprofitable enterprises, which culminated here in
1873, were world-wide, in greater or less extent, and the
getting back to hard-pan, which began here first, must
go around the world. Delay is not escape, but aggrava¬
tion rather ; the sooner the process is completed the
sooner all the wrecks will be cleared away, and the
rebuilding on a more secure foundation be commenced.
Stilly in forecasting the duration and extent of the
ent
trouble, it is
pres¬
remember that considerable
progress has been already made. The London Economist
proper to
very wisely remarks that when the City of
Bank and the Western Bank of Scotland
in*
Glasgow
stopped,
and a crisis followed which necessitated
the
suspension of the Bank Act, the circum¬
stances were quite unlike the present.
There had been
destruction of credit in this country, and confidence in
the Western Bank had been impaired by knowledge of
the fact that it was largely involved in transactions with
New York; but now no general impairment of credit
has
1857,
preceded the failure,
nor
has it produced
any appre¬
ciable diminution of confidence in the banks. As show¬
pro* xxvn.
ing, also, how much stronger the Bank of England is
now in reserve than it was
then, the following table is
given :
1857.
October
November 7
44
14
It
21
it
28
December
II
Bullion.
Notes.
42,489,000
35,852,000
32,420,000
36,318,000
$99,950,000
101,833,000
100,917,000
107,032,000
106,701,000
:o
...
...
.
.
...
Reserve of Notes.
$20,124,000
10,776,000
4,788,000
5,740,000
'
5
"
26
105,512,000
96,286,000
9,594,COO
11,341,000
37,133,000
1878.
August
7
108,000,000
44
11
115,351,000
140,885,000
138,850,000
135,545,000
134,464,000
44
18
133,489,000
44
25
118,850,000
132,9t0,000
139,988,000
it
...
14
September 4
October
3
...
...
.
38,070,0C0
39,537,000
45,733,000
51,463,000
54,611,000
56,895,000
49,495,000
From all these
facts, it would appear that the pres¬
sure, though very severe and likely to be prolonged in its
effects, will not lead to a panic in Great Britain, but
rather to a natural process of liquidation similar to what
we have experienced the
past few years.
As to the probable influence upon this country, it is
idle to affect indifference. The natural tendency of such
a disturbance must be to raise our
imports by lowering
the price of goods abroad, and to diminish our exports.
It is to be said, however, that much of this influence has
been already felt.
For instance, the disturbed and
unfortunate condition of the cotton goods trade at Man¬
chester has been an existing and patent condition, oper¬
ating for a year back, and our cotton has gradually
suffered under it until now its price is reaching a point
where consumption must be stimulated.
Further, it is
well to remember
have
that enforced economies in culture
far
operated that the American cotton crop this
year is the cheapest ever raised by us; hence, the pro¬
ducer can submit to a low price for the staple without
losing all profit. But still this country cannot avoid
feeling and being afflicted by the misfortunes of others,
though we can congratulate ourselves that the prepara¬
tions for resumption are already made, that we are in an
exceptionally good condition to withstand the strain of
trouble abroad, and that here, at least, the penalty for
past errors is nearly paid.
so
MER CA NT1LE FAIL URES AND THEIR LESS OHS.
An
interesting report of the mercantile failures of the
just been issued by Messrs. Dun,
Barlow & Co., which supplies some important data for
forecasting the future movements of business.
The
failures, though large and numerous, seem scarcely to
come up to the public expectation.
It has frequently
been observed that in consequence of various changes,
and notably of the repeal of the Bankrupt law, the
process of liquidation was receiving, all over the country,
an extraordinary impulse
during the last few months,
and from the number of petitions in bankruptcy which
have been filed the anticipation was that the aggregate
failures this year would vastly exceed, both in number
and amount, those reported in the statistics before us.
This discrepancy is easily explained. It is abundantly
proved that a large majority of the petitions in bank¬
ruptcy were filed by persons whose failures had been
previously reported, or whose business pursuits did not
entitle them to a place on the list of insolvent mercantile
firms. Indeed, the report receives a special value from
the fact that it contains no failures except such as have oc¬
curred among the traders, manufacturers and mercantile
firms who were in active business during the earlier months
of the present year, and who suspended payment since
last July. Subjoined is a summary of the total number
last three months has
'
THE CHRONICLE.
October 19, 1878. j
of these
insolvencies, with
with
previous periods.
son
FAILURES THIRB
in 1877.
in 1878.
Amount
of
Amount
liabilities
liabilities
of
c
East,.
Mid...
South.
West.
Pacific
& Ter
$
Nvomb'r!failures.
$
CO
1,777,181
6,077.970
WITH PREVIOUS PERIODS.
474
Amount
liabilities.
i
Averag liabtes.
K
£
fc s
11
Amount
of
liabilities.
|
I
$
$
$
19,098,075 19,527 1517 30,033,135
55,579,"-.75 24,954 2550 79,375,469
12 289 283 15,536 1158 21 359.104
44,713,120 21,332 290o 56,555,846
10,182,403 21,481
514
With
regard to the future, it is gratifying to find that,
notwithstanding the financial agitation which has pre¬
vailed and the
Nine months in 1877. Nine months in 1878.
315 6,440,405 535 9.777,016 978
653 16,329.463 879 27,732,811 2226
lv8 2,107,569 2 3 4,310,7^3 791
696 15,691,467 950 18,479,783 2096
If 4
table showing the compari¬
QUARTER, 1878, COMPARED
Third quarter Third quarter
States.
a
395
Averag liab tes.
duced
|
$
17,798
31,127
18,444
19,441
.9,887,575 13,175
Total. 1816 42,346 085 2853 66.378,363 6565 141,862,256 21.608 8678 197.211.129
22,725
uncertainty as to the action of Congress
regard to the currency, still the pressure of the times
and the shrinkage of values,
together with the stagna¬
tion and loss consequent on the
panic of 1873, have pro¬
in
no
more
serious
complications.
As the report
says, “What threatened to be a serious shock to confi¬
dence and credit, has passed
away. Trade has survived,
and although some
parts of the country have been
epidemic and others with various troubles,
there is to-day a healthier condition of trade
existing
visited with
than has been seen for many
years.”
jean
important to observe
that in the Middle and
Finally,
is
there
abundant
cause for caution
Southern States the destruction
and
ct)i<
of capital by commercial
watchfulness
in
failures appears to have been quite as active as in the
extending mercantile credits.
The
destruction
of
so
vast
an
amount
of
Eastern States, while in the West there has been a smaller
capital as 197 mil¬
lions during the last nine months must have inflicted
aggregateof proportionate loss. Much misapprehension
upon our mercantile solvency a heavy blow.
has prevailed as to the causes which
Of course,
during the past year the
burden
has
been
distributed
have contributed to swell the volume of mercantile dis¬
very widely, and much
of
the
disaster
aster.
will, in process of events, be converted
To correct these errors the
report explains that
into
a partial
gain by the re-production or renewal of
since the panic of 1873, business
depression, shrinkage
the
lost
and other misfortunes crippled a multitude of traders
capital. But in these times it is impossible to
be
too watchful or to
who struggled in vain to work themselves out of
adopt too much precaution. If
trouble, the
foregoing records of mercantile insolvencies have
and for years refrained from
seeking relief from their
their
hopeful side and indicate that the pruning process
embarrassment under the Bankrupt law.
Disappointed is
in their hopes such firms were
taking away from our commerce and industry many
just now urged and
tempted to secure the opportunity for freeing themselves decaying branches and dead members, so that its
growth may be more rapid and its movements more
under the law, or for adjusting their
obligations by com¬
promise.
As the prospective interference with our healthy in the early future, it is also our best policy as
finances by Congress is so uncertain, and as in Great individuals to derive from the facts a warning against
danger and a new motive to avoid expansion and to keep
Britain and other countries the
general state of business
business
offers still worse
rigidly restricted within the limits prescribed
prospects than in this country,
by our solid resources and assured capital.
the temptation to those whose difficulties in
meeting
It is
payments had been augmenting year by year has
doubt led a number of the honorable class to choose
to obtain a final settlement under the
Bankrupt law, prior
to its expiration at the
no
A
GLIMPSE
AT
ENGLISH POLITICS
Not in many years—not,
perhaps, since the breaking
up of the great Tory party in 1846, when Sir Robert
Peel abolished the Corn Laws—has
party
beginning of September last.
secondly, there are less creditable causes which have
feeling run so
been recognized as
augmenting the record of failures. high in British
politics as it is doing at the present time.
The number and amount of these
disasters, we are told, Not even then, when Disraeli
provoked and disgusted
was swelled
by bankrupts and insolvents “ who made the best minds in
England by his fierce denunciation
fraudulent failures and endeavored to make
money by and relentless persecution of the
great statesman and
compromising at less than the face of their obligation,
reformer, was such bitterness of feeling displayed, in
so that
compressed within the brief period of sixty days
correspondence, in debate, on the platform and through
were the results of
numerous
mistakes and misfor¬ the
press.
Our British cousins have long been in the
tunes of the past, gloomy
anticipations of the future, and habit of
holding us up to ridicule and rebuke because of
not infrequently fraud; when it is
remembered that these the
unseemly exhibitions of temper which are too often
failures occurred among nearly 700,000
traders, manu¬
feature of our political contests. And
yet we now
facturers, &e., it is certainly an indication of a not unfav¬ ind them
surpassing us even.
orable character that the increase for the
But
nine months is
Of
no
two
men
has Great Britain
more
reason
to be
only slightly over 2,000 in number.” With these facts in oroud than of
Beaconsfield and Gladstone. Mr. Glad¬
mind it is interesting to observe that the
average amount stone has
long been the most popular, as he has been the
of the individual failures,
except in California, has not most brilliant and able of
England’s legislators. His
greatly deviated from the averages of previous periods, attention has been
given chiefly to domestic questions;
showing that generally throughout the country there are and his name has become
inseparably associated with
no indications of
special danger or excessive credit several
great domestic reforms. He has simplified and
expansion. Subjoined is a table of the average liabili¬
adjusted the taxation of England in such a manner as to
ties involved in the failures during the last four
years.
command the admiration and even
envy of other and
NUMBER
FAILURES, 1875-78.
AVERAGE LIABILITIES AND
1st
Years.
„
Quarter.
i
Av.'ia-
No- bililies.
1875..
1816.
1877..
OF
2d
less favored
Quarter•
Av.liaNo. bilities.
2,4
for the year 1875
for the year 1876
for the year 1877
Av nu¬
No. bilities.
•>
No. of
Failures.
for the
Quarter ■
4th
No.
Quarter.
Av.lia-
lilities.
1,982 $21,784 1,581 $21,295 1,771 $30,676 2,405
$29,475
2,806 23,036 1,791 24,398 •,450 19,534
>,012 17,0,4
2.869 19,-10 1,880 23,972 1,816 23,318
2,307 21,117
3.355 24.464
0 19.-985:4
1878..
Total
Total
Total
T'^tal
3d
ve«r
7,740
9 092
(Q months.)
8,872
S.678
24.2:40
Amount,
Of
Liabilities.
$->01,068,333
191,11 .786
190,6 9,9 hi
197.->1*.129
jlOrruye
Liabili¬
ties.
$25,960
21,0*0
21.4^1
22.725
nations; and he has done more in the way
of removing causes of disaffection between Ireland and
England, than all the statesmen of all the past. It is
needless to say that such a man deserves well of his
country. Lord Beaconsfield, on the other hand, although
he has worked
trolled
in
a
different
manner
and been
con¬
by different principles, has also made the British
nation his debtor.
Domestic reform has
forte; yet to him the people
owe an
of the electoral franchise.
His
not been
his
important extension
mind, however, chiefly
THE CHRONICLE
396
|VoL. XXVII.
occupation in considering the interests of the are about equally divided; and while the Daily News
empire, as a whole, rather than the interests of the stands stoutly by the side of Gladstone, the proprietor
three kingdoms as apart from the rest of the dominions of the Times, rumor has it, is about to be raised to
of the crown; and whatever may be thought of the the peerage, as a reward for his heroic vindication of
The latest sensation has been fur¬
wisdom of his policy, it is impossible for any to deny Lord Beaconsfield.
that under his guidance Great Britain has ceased to be nished by Mr. Gladstone’s famous article in the North
merely insular, and has taken a more influential place American Review, “ Kin beyond Sea ”—an article in
among the great imperial powers of the world.
His which he says many just and kindly things of the
recent settlement of the Eastern question, although on United States and of their people.
Mr. Gladstone’s
some points open to objection, had all the appearance of opponents have discovered that in this article he writes
a victory in the eyes of the world, and had certainly all indirectly against them, that he is giving vent to his
the effects of a victory on the great body of the British sorrows and disappointments, and that, because in the
people. As the result of this policy Lord Beaconsfield not distant future he sees a greater England beyond
enjoys the favor of his Queen and the support of a the sea, his conduct is unpatriotic and unworthy of an
powerful majority in Parliament. Mr. Gladstone, on Englishman. In order that Mr. Gladstone’s powers may
the other hand, to whom the policy of his great rival not go to waste, and that the world may not lose the
fails to commend itself, frets and fumes in the shades of benefit of Mr. Gladstone’s wisdom and teaching, it is
retirement, and like Cicero of old, whom in many par¬ proposed to organize a joint-stock company, to be called
The Gladstone Exploitation Company (Limited).”
ticulars he resembles, finds employment for his active
All this is, no doubt, very funny.
mind in the study of philosophy and the pursuits of
It is the way
literature. Such are the men who now divide into two Johnny Bull is in the habit of working off his rage;
and it is gratifying to know that there, as well as here,
hostile camps the political public of Great Britain.
It is a striking illustration of the blinding influence of the bitterness of such wordy strife is more apparent
party politics that neither of these unquestionably great than real, and that the objects of such abuse are in
men can see any merit in the policy or
work of the the end but rarely great sufferers by the treatment.
other. ;The enmity between them has long been openly
avowed; and the dislike which they have for each other 0 UR CUSTOMS ADMINISTRA TION TO 0 HARSH.
is shared in an intensified form by their respective fol¬
Nearly five months ago, we commented upon the then
lowers. Since the announcement by the Beaconsfield recent trouble between the government and certain
Cabinet that it was the intention of the government to importers of kid gloves. Early in April several cases of
employ Indian troops in the event of war with Russia, gloves were detained, on the ground of alleged under¬
and that the troops were already on their way to valuation, and although the firms concerned are ofEurope, there has been no end of the most bitter strife; unquestioned responsibility, and also promptly offered
and charges and countercharges, of the most offensive security for all the differences claimed, it was not until
kind, have been made by the one side and by the other. the latter part of April that the bonds were accepted
It was not wonderful that the Liberals should have been and the goods released. The test case made upon the
startled and even somewhat alarmed by a policy so dar¬ invoices of three firms was only decided a week ago.
The law requires, as a basis for assessing the duty, an
ing and by a movement so unprecedented. It was to be
expected that they would take exception to the policy invoice in triplicate, which shall state the actual market
and offer resistance to the movement. But the bad value, in case of goods obtained otherwise than by pur¬
temper and the bad taste exhibited at that time was com¬ chase, and the actual cost together with all charges of
pletely put in the shade by what took place after the goods purchased, the statement of cost or market value
return of the plenipotentiaries from Berlin.
Mr. Glad¬ to be that at the place of exportation, expressed in the
stone and his friends, in the violence of their indigna¬ currency of the country. It is easy to see that in case of
tion, went beyond all bounds. In the apparent victory goods not obtained by purchase—for example, goods
they saw nothing but fraud; and as the fruit of the Berlin manufactured abroad by American firms—it must often
treaty they could expect nothing but ruin. The policy be difficult to ascertain the market value, because the
adopted had “ degraded and debased the great name of goods may have such peculiarities that the value of sim¬
England.” The government had leen guilty of an “ act ilar goods is an inexact criterion. As to goods obtained
of duplicity of which every Englishman should be by purchase, a difficulty sometimes arises—and this is
ashamed—an act which had rarely been equalled in the the case with gloves—in the fact that the foreign manu¬
entire history of the commonwealth;” it had “ deceived facturer sometimes consigns his entire product exclusively
the Turks” and had “ sold the Greeks;” and the govern¬ to particular houses. Furthermore, one buyer may be
ment was but another name for Lord Beaconsfield.
In able, by reason of the extent of his purchases or of his
reply, Lord Beaconsfield charged his opponent with desirability as a customer, to obtain better terms than
having used “ offensive epithets regarding him,” and others, and hence it is not just to assume a certain
then spoke of him as “ a sophistical rhetorician who invoiced price to be understated because somebody else
testifies that he was obliged to pay a higher one; every
was inebriated with the exuberance of his own verbosity
and egotistical imagination.” But this wordy war was transaction, also, may have its especial features, such as
by no means ended by the prorogation of Parliament. the necessities of the seller, his hopefulness or the con¬
It rages still; and the combatants in the strife become, trary about the future, the shrewdness of the buyer,
to all appearance, more numerous, as well as more etc., and hence, putting all these considerations together,
acrimonious as
time advances—a magazine writer it is evidently a difficult task to determine the assessable
finds
“
.
even discovered the remarkable
fact that Beaconsfield is an upstart,
having
and conclusive
value.
of lad valorem duties.
a
specific quantity
of
a
sort
of
leaders suitable subjects for cartoons; and London
merchandise, and the question of assessing
laughs one week at Lord Beaconsfield, and another is the comparatively simple one of determining the
week at Mr. Gladstone. The daily and weekly press number of pounds, yards, etc.; let it be a percentage on
a
Jew !
of
no descent,
Punch finds in the attitude of the two great
Of course,
Let
the
the trouble
tariff
be
so
grows out
much for
October
THE CHRONICLE.
19,1878.].
value, and the almost interminable contest begins. The
higher the rate, the more there is to be contested ; duty
is so large an element of cost that no importer can live
unless he pays as little as he must ; to keep his valua¬
tions at the lowest is a matter of necessity, and the pros¬
pect of extra profits is a temptation to undervalue. So
much must be admitted. Furthermore, the importer
cannot be permitted to pass his goods through upon his
invoice without
being subject to revision or challenge,
putting a premium upon successful
So
undervaluation.
long as the law remains as now,
producing disagreements and charges of undervaluation
as
naturally as the seed produces its kind, the power of
for this would be
decision must rest somewhere.
In the present case,
them
if
397
insufficient, the general appearance being as
show of evidence is sought, to justify a prede¬
seems
only
a
termined conviction.
The decision
then, in this case, does not have the look
being according to the evidence. Besides, it has been
repeatedly shown that conviction is always pretty certain
beforehand, the customs administration starting with the
supposition that the government is right and the importer
wrong on the question of fact. Practically, it assumes
that all importers are knaves, who are on the watch for
opportunities to defraud, and that their statements
in invoices are entitled to no more weight than
the prisoner’s plea of not guilty.
In the matter of
passing travellers’ baggage even, statements are too
often held of no account, and in all its dealings with the
public the custom house exhibits a harshness and arbitrari¬
ness which has neither good sense nor excuse.
The rule,
apparently, is that the importer is probably and pre¬
sumably dishonest; that if he escapes to-day, it is be¬
cause he is too
sharp to be caught this time; and that if
he should happen to be wrongly punished
to-day it will
be just as well, for it will only hit him for what he did
yesterday or will do to-morrow. This is a wrong theory
—wrong in fact and mischievous in results. It is inju¬
rious to government, for it destroys more revenue than
it saves; it is demoralizing, for it tends to disgust an
important class of men with their political duties and to
teach them to meet injustice with trickery; and it is
every way wrong, for government, because it has the
power to enforce any decision and is not sensibly hurt
by wrong decisions, should be scrupulously careful to
deal gently and always give the individual the benefit of
every doubt.
of
however, the decision seems to be arbitrary and un¬
just. But even the justice or the contrary of the deci¬
sion, and the method of reaching it, are transient and
of small moment compared with the matter of the
general policy of administration of the revenue laws.
The law says to the importer: if you obtain your
goods otherwise than by purchase, make a declaration
of their market value; in other words, of what they
cost the buyers and would have cost you had
you
bought them; if you buy goods, declare their actual
cost.
Inasmuch as the bought goods, as well as all
others, have a market value, it is clear that the law, by
choosing the cost to the buyer whenever it can be had,
gives preference to that as the basis for assessment.
The question intended by the law, therefore, is, what
did the importer pay for the goods ?—not what did some
other importer pay for similar goods.
If A., for no
matter what reason, can and does buy goods
cheaper
than B., each must be charged according to what he
pays, and the latter cannot plead an unjust discrim
UNITED STATES TREASURY STATEMENT.
ination, for the more fortunate buyer is entitled to his
The following statement from the office of the Treasurer for
advantage in this as in other matters. The law has not
undertaken to apply the trades-union idea that one man Sept. 30 has been issued this week. It is based upon the
ractual returns from Assistant Treasurers, depositaries and super¬
shall be as good as another in competition for
cheap intendents of mints and assay offices. The delay in issuing it
goods, nor does it give the revenue officers the right to arises from the time taken in getting returns from distant offices.
LIABILITIES, SEPTEMBER 30.
inquire why one man pays less than another, beyond in¬
Coin.
Currency.
$
$
quiring whether that is the fact. Of course, nobody ) Fund for redemption of certificates of deposit,
\ Post-ofiice
40,890,000 00
Juoe8, 1872
Department account
2,151,693 76
except the buyer and the seller, or the manufacturer and
Disbursing officers’ accounts—
his consignee, can have
knowledge as to what the goods
j $1,126,732 26 coin. 1,126,732 26
cost; and while their statement is not
to
be taken
as
unimpeachable, it should be taken as presumptively cor¬
rect.
Where the parties are reputable, and the
figures
named by them are not
considerably below the known
market price, to impeach them ought to
require very
strong and positive evidence. Most unquestionably, by
every rule of justice, custom, and propriety, the burden
of proof ought to rest upon the government
in every
case
of alleged undervaluation, and the evidence
adduced should be such as would be received in
for nobody can testify, by personal
court;
importer has undervalued his goods—the only possible
sort which
ably certain that he has done
so.
makes it
reason¬
Furthermore, if he
has not bought his goods, he may
honestly understate
their market value, for reasons
already named; if he
has bought them, he cannot understate the
without
liar
price paid
deliberately falsifying, except in
cases
i
some pecu¬
llj213}781 81
11,213,781 81
car
572 08 coin.
-j 4^94^33 91 cur
Fund for redemption of notes of national banks
“failed,” “in liquidation,” and “reducing circu¬
lation”
Five per cent redemption fundunited States notes...
National bank notes
572 08
4,694,838 91
$5,658,781 76 I
7,315,450 99 J
Secretary’s special deposit account
Currency and minor coin redemption account....
Interest account
Interest account, Pacific Railroads
Comptrol’er of the Currency, agent for creditors...
Treasurer United States, agent for paying interest
on D. C. bonds
Treasurer’s transfer checks Outstanding-
$723,651 57 »
Silver
9,182,400 90
'■>
3,865 48 )
12,974,232 75
25 25
13,060 58
*657,535 50
’**54,458*92
8,550 00
14.810 40
721,355 20
4,537 50
40.811 27
5,987 37
727,517 C5
Currency
1,765,368 03
Interest account, L. & P. Canal Company
Fund for redemption of na ioual bank gold notes..
Treasurer’s general account—
Special fund for redemption of
fractional currency
$10,000,000 00
Outstanding drafts
1,169,237 26
Balance
4,570,421 94
Treasurer’s
1,765,368
840 00
*
1,720 00
*
15,739,659 20
general account—
Interest dne and unpaid
Called bonds and interest
Coin certificates
$9,345,239 13
12,015,016 78
34,851,670 00
Outstanding drafts
66,472 65
Balance, including bullion fund..179,153,057 47
235,431,506 03
of contracts;
hence, in order not to wrong
him—in one case by
punishing an innocent mistake, and
in the other by
convicting him unjustly of fraud—gov¬
ernment should move
very cautiously and be very sure of
its facts. Does it do so?
Notoriously, the very con¬
trary. Its evidence seems to be inadequate and incom¬
petent, and although a case is not proven, according to
the mere number of the
witnesses, even the number of
-j
National banks
Gold
a
knowledge, that the
evidence is of the inferential
treasury offices
$238,007,574 59 $99,417,390 15
A88ET8, SEPTEMBER 30.
Coin.
Gold coin and bullion
S andard silver dollars
Silver coin and bullion
Gold certificates.../.
Silver certificates
National bank gold notes
Fractional currency redeemed in silver....
Quarterly interest checks paid
Coin coupons
paid.
Registered interest paid
$136,036,3(12 20
11,511,342 00
14,496,570 17
$
Currency.
*643,863
00
9,392,920 00
1,316,470 00
1,720 00
95,369 88
180,902 81
75,997 65
340,609 75
13,860 00
398
THE CHRONICLE.
Coin.
Unclaimed interest paid
Deficits, unavailab e funds
Deposits held by national bank depositaries
United States notes
U. S. notes (special fund for redemption of
fractional currency)
National bank
Currency.
$
$
1,350 00
10,103 05
6,703 36
722,492 28
64,552,503 72
11,108,899 43
63.049,339 67
10,000,000 00
9,259.043 81
1,291,367 33
notes
Silver coin received in lieu of currency....
Fractional currency..
Nickels and minor coins
New York and San Francisco exchange
One and two year notes
Compound interest notes
Interest on District of Columbia bonds
Speakers’ certificates 45th Congress
Redeemed certif’s of deposit, June 8, 1872.
7 3-10 notes purchased
65,711 98
-
1,410.893 50
367,000 00
73 50
83 58
1,345 64
121,802 00
1,345,000 00
8,759 43
$238,007,574 59
$99,417,390 15
IHffnctarij! ©cmxmerciaX gttgXisX* Items
BITES OF EXCHANGE AX LONDON AND ON LONDON
AT LATENT
DATES.
EXCHANGE AT LONDON—
OCTOBER 5.
EXCHANGE ON LONDON.
LATEST
ON—
TUTS.
RATE.
DATE.
TIME.
RATE.
the
position of our trade is not so sound as many would lead us
believe; and that a further purifying process has become
necessary in order to enable the country to carry on a sound,
legitimate trade, the absence of which has, for some time past,
been productive of so much trouble.
It may be added that the
failure of the bank has not occasioned surprise. For a long time
past, it has been well known that the bank accepted very largely,
and was transacting a business incurring more
liability than was
judicious. One fortunate man writes to say that five years ago
he was a shareholder, but had so convinced himself that there
was
something radically wrong in the management, that he
disposed of his property, and advised his friends to do the same.
But still, the shareholders and the
public were unaware that the
reputation and solvency of the bank depended upon unusual
good fortune returning to those few firms which have brought
the undertaking to grief.
There can be no doubt that the
management has been very reckless. We can scarcely blame a
merchant for borrowing as much as he can, or
requires ; but the
trustees of other people’s property must
certainly stand convicted
of very- injudicious and reckless
management in favorably
responding to such extensive calls. There is a saying amongst
Stock Exchange speculators that it is profitable to “ take a profit,
to
and
Paris
Paris
Berlin.
short.
3 mos.
44
fi
Hamburg
Frankfort
<w
Antwerp
44
Amsterdam.
Amsterdam
Vienna
Genoa
..
...
short.
3 mos.
**
44
44
46%@46%
44
90
New York
Bom nay
....
4«%©47
days.
Alexandria....
•
•
•
Hong Kong...
-Shanghai
4.
•
•
short.
•
•
Oct.
4.
3
44
44
•
•
Oct.
4.
44
3
116.60
27.15
mos.
short.
-
•
•
•
•
1.
1.
Oct.
Oct.
•
•
•
20.47
20 47
25.34
12.05
44
•
•
3
•
•
•
24
mos.
4 i
47.90
.
Is. 7yhd.
Is. 7%d.
Oct.
2.
3
Oct.
Oct.
4.
3.
60
6
mos.
2.
6
mos.
mos.
days.
4*
•
LFrom
our own
95%
4.M
Is. 8 3-16<J.
’
44
•
20.47
short.
(4
•
25.30
•
44
44
•
•
mos.
4.
Oct.
•
•
51%@51%
60 days.
44
Calcutta
Oct.
12.2% @12.3%
12 4% @12.5%
@12.10
@28.20
@23.20
23% @23%
44
Madrid
•Cadiz
Lisbon
@20.76
@20.76
@20.76
@25.60
12.00
28.10
28.10
44
.Naples
St. Petersburg.
25.27%@25.37%
@25.50
25.45
20.72
20.72
20.72
25.55
Ss.
5S.
9%<f.
2\d.
correspondent.!
London, Saturday, October 5, 1878.
The reports referred to in
my last letter of serious
[Vol. xxvn.
cut a
loss,” and it would be wiser for the banks, instead of
allowing mercantile firms to be annually increasing their indebt¬
edness, and trusting Micawber-like for something to turn up, to
cut a loss, and prevent further entanglement.
In consequence of the failure of the City of
Glasgow Bank,
Messrs. Smith, Fleming & Co. have been compelled to
suspend
payment. Messrs. Nicol & Co., of Bombay, and Messrs. Fleming
& Co., of Kurrachee, are also involved.
The liabilities are
estimated at between £2,000,000 and £3,000,000.
The money market was quiet in the early part of the
week, but
as soon as
the banks and
discount
houses had convinced them¬
selves that tlie failure at
Glasgow was inevitable, they immedi¬
ately became more unwilling to lend, and higher rates of discount
were immediately
charged. The demands upon the Bank of
England during the last two days have been very considerable,
and the return made up to Wednesday evening shows
changes
which have caused some little excitement.
According to the
daily returns, tlie Bank had gained a sum amounting to £519,000,
but a falling off in the supply of bullion of £76,266 is
apparent,
the discrepancy being due to a demand for coin for provincial
financial
freely circulated
last week, but were strongly denied in
banking circles, have and Scotch circulation. The circulation of notes has also been
unfortunately been verified during the last few days; great, how. augmented by £1,405,570, while in “ other securities” there is an
ever, as is the calamity, there has been no
panic, the suspension increase of £2,694,929. The demand has, however, been to a
being expected to be comparatively moderate in its effects. And large extent precautionary, as there is an increase of £1.851,046
yet the stoppage of an institution like the City of Glasgow Bank in “other deposits.” For some time to come we must expect the
must, of course, create a profound impression. The establish¬ money market to rule firm, not in consequence of any increased
ment has been
brought down by reckless business, both on the demand for money, but because the diminished confidence which
part of firms which have become deeply involved, and on the this week’s failures have given rise to will make capitalists more
part of the directors of the bank, who have for many years past reluctant to lend. Ultimately, however, the rates of discount
been making too liberal advances to firms
conducting a very will, in all probability, decline, as there can be no activity in
speculative sort of business. It is now very easy to see by what trade this year, and the demand for money must, therefore, be
difficulties in Scotland, and .which
means
our
sion of
an
trade
were
very
few years ago
took, according to the expres¬ reduced to very small proportions. The following are the present
statesman, such leaps and bounds. Owing to quotations for money:
the new banks which had been called into
Fer cent. ] Open-market rates:
existence, and to tlie
Per cent.
Bank rate
5
keen competition which existed
|
4 months’bank bills
4%@4%
amongst them, the process of Open-market rates:
6 months’bank bills
|
4 @4%
20
and
60days’ bills.
borrowing became a very easy one, and merchants became very
4*4
4 and 6 months’ trade bills. 4% @5
3 months’ bills
4% J
reckless in their operations. The present
story is one which has
The
rates
of
interest
allowed by the joint-stock banks and dis¬
been frequently repeated of late. Mercantile
firms become
count
houses
for
involved with a bank, and vice versa, and both
deposits are subjoined:
parties exist under
Per cent.
the hope that the future will
bring matters right. Had trade Joint-stock banks
4
improved, it is possible that a crisis would not have happened Discount houses at call
4
Discount Houses with 7
notice
4%
amongst those who are the subject of the present calamity ; but Discount houses with 14days’
days’ notice
4%
judging from what has transpired thus far, many years of unbro¬
Annexed is a statement showing the present position of the
ken prosperity would have been
necessary in order to bring Bank of England, the Bank rate of discount, the price of Consols,
about a healthy condition of affairs.
The indebtedness of some the
average quotation for English wheat, and the Bankers’ Clear¬
firms to the bank is remarkable for its
extent, and it is difficult ing House return, compared with the four previous
years:
to see how any
body of directors could have allowed the accounts
1S74.
1875.
1876.
1877.
1878.
to acquire such
large proportions. One firm is liable for £853,- Circulation, including
£
£
£
£
£
bank post bills
28,< 03.714 29,401,124 29,622,896 29,120.839 28,582,492
000 for cash advances, and for
£900,000 for acceptances; another Public deposits
4,250,573
4,792,196
6,333,517
5,026,591
4,502,795
owes the bank
22,380,371 25,647,404 27,196,160 20,805,934 21,938,505
£770,000 for cash advances, and £1,600,000 for Other deposits
Government securities. 15,340,1-6 16,270,782 15,712,817 15,093,662 14,253,661
acceptances ; a third owes £1,200,000 for cash and
19,286,870 19,839,940 15,906,720 19,629,110 20,027,933
acceptances, Other securities
Reserve of notes and
and a fourth about
£500,000. Nearly £6.000,000 is, therefore, ac¬
coin
10,036,222 12,371,660 20,566,672
9,721,173 10,772,429
counted for by four firms; and this is
Coin and bullion in
a^lecture in itself. In con¬
both departments
22,639,572 26,355,275 34,816,417 23,431,198 23,770,079
sequence of this calamity, business has to a considerable extent Proportion of reserve
to liabilities.
60*57
37*11
40*30
been conducted with increased
caution; but the monetary and Bank-rate
3 p. c.
2# p. c.
2% p. c.
4 p. c.
5 D. c.
mercantile world consoles itself
92%
94%
95%
95%
94
by reflecting that the danger is Consols
English wheat,av.price 46s. Id.
45s. lid.
47s. Id.
56s. 5d.
41s. 5d.
not universal, but is confined to a
comparatively small section of Clearing House return. 115,538,000 110,545,600 136.997,CC0 109,400,000 106,662,000
the community. Numerous failures must of
There has been scarcely any demand for gold for export, and
necessity take place
and these must cause trouble
elsewhere; but it is very clear that* the bulk of the supply received from Australia and other
a
eminent
..
..
.
...
October 19,
1878.]
THE
I
CHRONICLE.
399
a.
1
"
•
1
:
11
countries
during the week has been sent into the Bank.
Although, however, the Bank had gained a sum amounting to
..ZA
Bales.
Cape of Good Hope
53,739'
Falkland Islands
261
£519,000, the withdrawals of coin for the provinces has dimin¬
Total
307.52&
ished the coin reserve held by the establishment. The silver
About 35,000 bales were withdrawn, of which a small
portion
market has been very dull, and the quotations have had a down¬
was re-offered and sold.
The sales opened with an average atten¬
ward tendency.
The suspension of Messrs. Smith, Fleming & dance of home and
foreign buyers, and brisk competition; and
Co. has agitated the Indian exchanges to some extent, and the
prices, compared to last May-June-July closing rates, were Id.
India Council bills on Wednesday realized only Is. 7fd. the
per lb. higher for washed and scoured Australian combing of
rupee. The following are the current prices of bullion:
merino quality, while for other sorts there was no alteration.
GOLD.
Bar Gold, fine
Bar Gold, refinable
Spanish Doubloons
German sold coin..,.
oz.
oz.
oz.
oz.
d.
...,per oz. standard.
per ©z. standard.
per oz., last price.
peroz.
d.
©
....
50^4
©
©
Quicksilver, £6 17s. Cd. Discount, 3 per cent.
Annexed are the current rates of discount at the
foreign markets
principal
:
Bank
Open
rate.
mark’t.
p. c.
2
Pans.
3)4
3*
Berlin
Hamburg
d.
5
5
5
5
4
.
Frankfort.
p. c.
IX
34@3#
3 km*
Petersburg
Vienna and Trieste...
Madrid.Cadiz and Bar-
4X©4#
celona
Lisbon and Oporto....
New York
Calcutta
4
Copenhagen
3&©4
3%@4*
3)4
St.
Bank Open
rate. mark’t.
p. c.
p. c.
1)
41/2@5
4)4 4*@4X
6
6
6@7
6@7
3@4
4
...
4@4X
4@4X
3)4
The Bankers’
Clearing House returns for the month of Septem¬
ber reach a total of £365,907,000, as
against £365,359,000 in the
same month of last
year, being an increase of only £5-18,000.
According to the (Gazette returns the imports of gold into the
United Kingdom during the past month amounted to
£1,893,864
and the exports to £514,076,
showing an influx of £1,384,788.
The imports of silver amounted to £509,826, and the
exports to
£639,329, or an efflux of £129,503.
The total
of
amount
capital subscribed in this country
to £700,000; while
the actual money payments upon these and
previous subscrip¬
tions have amounted to £2,770,825 in
England alone. During the
first nine months of the year
subscriptions have been effected in
this country for £29,250,192, against £19,051,710 in
1877; while the
payments upon these subscriptions have been £28,928,922.
against £21,013,788. Annexed is a list of new loans and new
companies introduced here and abroad during the past month:
New loans—Egyptian 7 per cent, issue of £250,000
; Roumanian
treasury bonds, 6,000,000f.; Cuban new obligations, 250,000 in
number at 6 per cent; Japanese internal loan for
12,500,000 yen.
New companies—Contuslip Sugar
Refining (Limited), capital
£100,000; Isaac Colbeck & Co., capital £100,000; Universal
Tram Car, capital £100,000.
new
during the month just ended has amounted
The stock markets were somewhat agitated when it
became
known that the City of Glasgow Bank had
stopped payment.
British railway securities—and
especially those of the Scotch
-
lines—were
principally effected; but
a
5-208
1867, 6s
'
Louisiana
Do
funded, 5s
l0-40s, 5s
funded, 4)4s
-
4s
Virginia
r
’
.
Levee, 8s
6s
Massachusetts 5s
Do
Do
Do
Do
Do
*
„
5s
5s
5s
5s
5s....
stock 5s
Do
New funded 6s..
188!
1885
1887
1881
1904
1801
1907
1875
1888
1894
1900
1889
1891
1895
25
1905
The fourth series of public sales of Colonial wool
to a close last
night. The quantity catalogued
56
Victoria
South Australia
Swan River
Tasmania
New Zealand
decreased
state
districts had
the
of
home
trade
‘
trade
both
from
home
and
Continental
depressing effect, and prices for merino qualities
now show little, if
any, change from the average rates of last
May-June-July series, while washed and scoured crossbreds are
Id. to l^d. per lb., and greasy Id. per lb., lower. It is estimated
that 130,000 bales were taken for export, and that 62,000 bales,
including withdrawals, are held over. The fourth series will
probably commence on 19th November, the arrivals to date being
60,000 bales.
There has
a
perhaps been rather
more
business doing in wheat,
but the trade
has, nevertheless, been far from active. Fine Eng¬
very scarce, and has commanded rather more
money; but there are still liberal supplies of medium to inferior
qualities, the quotations for which are very irregular. In fact,
inferior English wheat has sold as low as 30s., and there is now
a difference of
as much as 18s. to 20s.
per quarter between the
highest and lowest prices. Millers are not buying in excess of
their actual wants, and as it is understood that the City of Glas¬
gow Bank has made heavy advances upon grain, any hope of
improvement would seem to be impossible. On the contrary,
prices would decline, were it not for the fact that they are now at
lish
wheat
is
low and unremunerative
1877.
cwt.
cwt.
5,314,640
566,921
4,7 42,661
588,812
3,911,500
3,631,842
....10,608,360
293,427
3,240.973
Result
10,314,933
Aver, price of Eng. wheat for season
44s. Id.
@104
@ 52
@ 52
@106
@ 32
@ ,30
@ 60
brought
comprised :
Sydney and Queensland
of
wants
cwt.
@109
105J4@105%
102
42
42
102
106
106
104
104
104
28
slight variation ; but as imme¬
became supplied, and as
Continental buyers, who from the commencement of the sales
bought sparingly, pursued their cautious and reserved policy, a
re action set in,
resulting in a flat market, a thin attendance, and
a general decline of Id. to 2d.
per lb., faulty clothing and lowcrossbreds being difficult of sale even at the greater reduction.
The selection of good stapled merino qualities, free of burr, &c.,
was small, and
satisfactory prices were realized throughout.
The supply of crossbreds, especially of inferior
quality and condi¬
tion, is evidently becoming excessive, and as the stock of home¬
grown wool is at present equal to at least two years’ production,
we do not anticipate
any material advance on the present low
range of prices for some time to come.
There was no demand
whatever on American account; in fact, several shipments of
Australian and Cape were sent from there for re-3aie in this
market. Towards the close of the sales reports of a sluggish and
diate
was
1878.
@106
107^@107^
107\\@108i4
108
For about three weeks there
@108
Oct. 5.
94*@ 94&
mxmiox
104
a
from home
@106
@106
now
American securities:
Redm.
demand
@104
@108
much calmer view is
situation, and the markets closed to-day with a steady
tone.
Although it has been stated that the City of Glasgow
Bank had made heavy advances upon American railroad
bonds,
there has been no depression in the market for
them, while Gov¬
ernment bonds have been
decidedly firm. Bank shares are weaker,
and have fallen in price about £2 to £3
per share.
Annexed are the closing prices of Consols and of a few
Do
Do
Do
Do
Do
Do.
general advance of £ to Id. per lb. With
buyers, the market day by day
improved, medium merino scoured eventually realizing 2d. to 3d.
per lb. advance, and crossbreds firmly maintaining opening rates.
keen
a
point.
During the week ended Sept. 28, the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 70,791 quarters, against 63,143 quarters last
year;,
and it is estimated that in the whole Kingdom they were
283,200 quarters, against 252,600 quarters in the corresponding
period in 1877. Since harvest, viz., since Aug. 24, the deliveries
in the 150 principal markets have been 272,699 quarters,
against
225,659 quarters, while in the whole Kingdom it is computed
that they have been 1,091,000 quarters, against 902,600
quarters
last season; showing an increase of 188,400 quarters. The aver¬
age price obtained, however, has been only 44s. Id. per quarter,
against 59s., so that this season’s increased supply lias realized
only £2,405,000, while a diminished quantity in 1877 produced
£2,662,670.
Without reckoning the supplies of produce fur¬
nished ex-granary at the commencement of the season, it is
estimated that the following quantities of wheat and flour have
been placed upon the British markets since harvest, viz., in six
weeks of the current and previous seasons:
taken of the
Console
United States 6s
Capes sold freely at
....
SILVER.
Mexican Dollars
Five Franc Pieces
8.
77 9 @
77 10X© ....
74 6 @ 74 9
73 9 @73 10
76 3X@ ....
76 3)4 40 ....
standard.
standard.
per
....per
per
per
South American Doubloons
United States Gold Coin
Bar Silver, fine
Bar Silver, con’ng 5 grs. Gold
d.
8.
per oz.
per oz.
were
Bales.
64,057
76.871
16.980
'678
10,088
84,85i
a
Imports of wheat
Imports of flour
Sales of home-grown produce.
Total
.
Exports of wheat and floor....
....
....
_
...
.
1876.
1875.
cwt.
7,840,733
474,592
579,043
4,950,200
3,L’64,600
9,061,6 54
102,552
12,381,376
202,210
9,033,733
8,959.082
59s. Od.
46s. 8d.
12 348.906
47s. lid.
35,470
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
for the five weeks ended
September 28, compared with the
responding period in each of the three previous
years:
cor¬
400
1875.;
THE CHRONICLE.
Oct. 10— Str. Gellert
Oct. 12—Str. Adriatic
IMPORTS.
1878.
Wheat
Barley
Peas
Beane
Indian Corn
Flour
1877.
1876.
1875.
4,742,661
940,856
1,472,6:1
3,631,812
7,810,733
68^,240
78,882
948,106
1,141,058
102,371
138,841
467.115
501,732
3,<99,837
60,581
371,997
2,774,333
586,812
5,127,244
419,593
2,561,001
Oats
566,9i0
1,2(6,393
579,043
EXPORTS.
Wheat
Barley
Oats
Peae
96,490
33,355
1,126
3 341
9,419
2,125
1,170
4.675
7,897
Beans
Indian Corn
Flour
18,479
4,105
72,762
6,162
527
35,009
10,617
989
953
2,194
6,539
2,115
Baslloii market Reports—Per Cable.
The daily
closing quotations in the markets of London and Liverpool for the past week, as reported by cable, are snown in
the following summary:
London Money and Stock Market.—The directors of the Bank
of England, at a meeting on Monday, advanced the rate of dis¬
Mex. silver dols..
Mex. silver dols..
Amer. silver bars.
Amer. sil. % dols.
Liverpool
Oct. 12—Str. Clyde.
'.Panama
Anur.
silver, and $19,500 gold)
Previously reported ($4,892,772 silver, and $5,771,140 gold)
Total since Jan. 1, 1878
1373
1872
....Kingston
Aspinwall
Silver,
8at.
Mon.
Oct. 12.
Oct, 14.
d. 51
money.. 94 7-16
50%
94%
94%
107%
10?%
107%
104%
11%
per oz
Console for
“
account.. 94 9-16
U.S.68 (5-20s) 1867... .107%
D. S. 10-408
1( 8
U. S. 5s of 1881
U. 8. 4%s of 1891
Erie com stock
Illinois Ceutral
N. Y. Central
107%
105
12
80
...
•
107%
107%
107%
104%
11%
94%
94%
107%
107%
Xl06%
49%
94 3-16
94
94
34
14
•
107%
107%
108
106%
105% '
105%
105
•
15%
15
79
76
33%
33
....
Foreign silver
Liverpool (Jotton Market.—See special report
Liverpool Breadstuffs Market.—
d.
0
6
s.
FI aur (extra State)....#bbl. 25
Wheat, spring, No.l # 10 > lb 9
do
do No.2new“
do
winter W. new “
8
do
Southern, new. “
9
do
Av. Cal. white.. “
9
do
Cal. club
“
Mon.
d
0
6
s.
25
9
•
9
8
0
9
8
9 11
9
Corn, mixed soft, old, $ qr. 24
do prime, new
“
22
3
6
Tues.
•
•
9
d.
6
9
6
7
8
8
9
9
24
22
on cotton.
Amer.
Aspinwall
Thur.
d.
6
s.
24
8.
d.
6
9
6
Pork, Western mes8.$ bbl.
Bacon, long cl’r.new.ftcwt.
Bacon, short cl’r,new “
Beef, prime mess
# tc.
Lard, ’prime West.. $ cwt.
Cheese, Am. choice.
“
Mon.
d.
e.
46
0
31
32
66
0
0
0
36
0
46
G
8 8
8 11
9 8
9 11
24 3
22 6
Tues.
Wed.
Thur.
d.
8.
d.
8.
d.
8.
46
31
32
66
36
47
0
0
0
0
0
0
46
31
32
66
36
47
0
0
0
0
0
0
46
31
32
66
36
47
0
0
0
0
0
0
46
31
32
66
35
47
d.
Tallow, prime City..# cwt. 38 0
Spirits turpentine
“
23 6
Rob)t>, common
“
4 9
Rosin, fine
“
10 0
e.
f
Petroleum, refined... .$ ga!
Petroleum, spirits
“
38 0
23 6
4 9
10.0
•
•
Tues.
d.
8.
r
e.
37
23
4
10
d.
9
6
9
0
#
....
....
Wed.
37
23
4
10
8.
9
6
9
0
37
23
4
10
8%
7%
The total imports were
d.
9
6
9
0
d-
b.
Total for the week.
$6,293,220
Previously reported.... 267,543,379
d.
37
23
4
10
6
6
9
0
6
0
an
1878.
3,876,420
$1,18 >,939
4,502,234
$1,575,295
4,129,333
$5,229,676
225,900,401
$5,638,223
255,130,311
$5,704,676
221,903,380
EXPORTS FROM NEW YORK FOR THE WEEK.
Previously reported....
Iff75.
1878.
$4,877,497
191,847,115
$6,033,215
202,914,784
1877.
$5,941,568
215,934,795
1878.
$6,858 904
268,627,972
Since Jau. 1
$196,721,522 $203,917,999
$221,876,363
$275,486,876
The following will show the exports of specie from the
port of
New York for the week ending Oct. 12, 1878, and also a com¬
parison of the total since Jan. 1, 1878, with the corresponding
totals for several
previous
years:
6,087.029
2.700,886
8,392,219
Sab-Treasury have been
follows:
“
“
Receipts.
k
Payments.
*
Currency.
Coin.
Currency.
$1^5,279 73
$44\978 43 $188,295 61 #278,732 79
1,331,2-9 63
560,602 38 3,407.185 44
939,738 05
,
Coin.
407,000
312,000
654,124 63
295,436 03
257,235 36
734,251 05
533,872 20
£56,285 82
754,467 45
2,456,8 3 57
763,098 15
532,528 09
817,150 48
985,437 32
34 »,445 16
413 176 04
369,431 42
334,796 84
Total
$1,655,000 $3,437,666 93 $3,392,365 07 $8,609,199 87 $2,685,320 30
Balance, Oct. 11...
125,556,779 86 44,539,125 32
Balance, Oct. 18
120,385,245 92 45,296,170 09
Purchase of Silver Bullion by the U. S. Treasury.—
Washington, Oct. 17.—The following order was issued by Sec¬
retary Sherman to-day in regard to the purchase of silver bul¬
Treasury Department, Oct. 17.
Notice is hereby given that bids for the sale of silver bullion in lots of not
less than 10.000 ounces, and its delivery free of expense to the Government at
the mints at Phil idelphia. San Francisco, and Carson,
will
merchandise.
.$273,841,599 $231,130,077 $260,818,534 $227,613,058
report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the
exports (exclusive of specie)
from the port of New York to
foreign ports for the week ending
Oct. 15:
For the week
5,032,651 1856.
The transactions for the week at the
8,493,710
14.737,936
S
?
g
8%
our
$8,319,299
1870
1869
1868
18 >7
lion
Fri.
8.
Since Jan. 1
In
in—
0
....
1877.
$154,049
15,442,758
...
212,000
337,000
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
General merchandise...
5,101,791
10,035,923
......
18
merchandise) Oct. 11:
1876.
.
17
$5,'704,676, against $7,194,502 the pre¬
ceding week and $5,650,330 two weeks previous. The exports
for the week ended Oct. 15 amounted to
$6,853,904, against
$7,183,567 last week and $7,064,816 the previous week.
The
following are the imports at New York for week ending (for
dry goods) Oct. 10 and for the week ending (for general
$1,533,256
6,553,996
“
preceding week, show
increase in dry goods and a decrease in genera]
1875.
1876
1875
1874
1873
1872
9
S 7
8 11
46
30
31
66
35
47
Tntxr.
d.
752
750
209
($10,471,631 silver, and $5,125,173 gold)..$15,596,807
Same time
240,000
Imports and Exports for the Week.—The imports of
last week, compared with those of the
$1,917,023
4,378,192
in—
16
Fri.
101,232
7,6i7
...
Amer. gold
Amer. silver
...St. Johns
8,937
570
......
Foreign silver
Total for the week ($130,985 silver, and $23,054
gold)
Previously reported ($10,310,649 silver, and $5,102,109 gold)
“
(Ummucvcial auct liXisccIXaueous ^ems.
Drygoods
Oct. 9—Str. Bermuda
:
respectively,
received every Wednesday, either by telegraph or by letter. All
addressed to the Director of the Mint, Treasury Department,
D. C., and will state the
«.
4.005
,
Amer. silver
6
9 8
9 10
24 3
22 6
d.
0
0
0
0
9
0
....
Foreign g:dd
“
9
7
7 10
8.
Mon.
City of New York ...Vera Cruz
$157,000
d.
24 6
Liverpool Produce Market.sat.
Amer. gold
Gold dust
Gold bars..
12
14
15
Liverpool Provisions Markez.—
Sat.
Oct. 8—Str.
Oct.
b.
2,345
7.400
11,110
2,786
Foreign silver....
Amer. silver
Customs.
Fri.
24
10
8
11
8
11
3
6
•
2,000
Foreign gold
.
Wed.
919
gold
Gold dust..
Oct. 8—Str. Clyde
as
9 6
7 10
8 8
8 11
9 8
9 11
24 3
22 6
9
0
8
11
3
9
24
22
24
s.
paid; here¬
$145
1.400
...
1,852
1871...
....
This is the price of shares on which the assessment has been,
after all quotations will be thus made.
54,180,135
periods have
same
Foreign gold
Total since Jan. 1, 1878
33
....
66,310,470
4 i,042,672
Amer. silver
Same time
•
*
Sat.
5-16
9-16
107%
79
•
14%
49%
*15%
•
Fri.
Oct. 18.
94%
105
79%
•
Thur.
Oct. 17.
50
94 7-16
34
34%
14%
Wed.
Oct. 16.
50%
94%
79
•
Pennsj'lvania
Phila. & Reading
Tuee.
Oct. 15.
51.242,749
28,393,797
..Amer silver
count to 6 per
cent, from 5, the previous figure. The bullion in
the Bank has decreased £800,000 during the week.
$57,319,380
,
1867
1856
|
specie at this port during the
60,850,311
Oct. 8—Str. Atlas
Oct. 8—Str. Alps
19,500
($5,06i,4S4 silver, and $5,790,640 gold)....$10,855,124
43.742.140
The imports of
been as follows:
91,712
50,000
6,000
$191,212
10,663,912
Same time in|
$24,023,625 | 1871
40,551,026 } 1870
64.507,113 11869....:
43,878,715 | 1368
1874
$22,000
gold coin..
Total for the week ($171,712
1876
922
-
London
8ame time In—
198,135
14,376
1,704
[VOL. XXVII.
quantity offered in fine
be
bids will be
Washington,
and the price per
ounce fine, payable in standard t-ilver dollars.
Bidders whose offers may be
accepted, either as to the whole amount offered or any part thereof, will be
not tied
by telegraph
on
the
same
ounces
day.
Until further notice, the amount to be purchased
weekly will be about 45,000
fine ounces, and the first day for receiving bids will be
Wednesday, the 23d
inst. Sellers will be required to comnlete their deliveries within ten
days
from the date oi acceptance of their offer. Where the bullion
purcha?ed Is
of a character to require parting or
refining, the usual mint
charges for those
operations will be paid by the seller. Where the bars offered bear the stamp
of well-kno vn private refiners or
assayers, the Superintendent of the Mint at
which the bullion is delivered will be instiucted to pay at his
discretion, and
pending melt and assay, such approximate value as he may regard safe and
proper.
Tte right to reject all bids or any portion thereof, if they should not
appear
to be advantageous to the Government,
is hereby reserved, and also to accept
any portion of amounts offered instead of the whole.
JOHN SHERMAN, Secretary.
—Attention is called to tlie notice of tlie Treasurer of the New
York Elevated Railroad Company, Mr. James A.
Cowing, calling
for sealed proposals for certain stock and bonds of that
company.
Such proposals will be received for 6,750 shares of stock and
$675 000 of the first mortgage bonds of the company, or any part
thereof, until Monday, October 28th instant. This company, for
some time past under the direction of Mr.
Cyrus W. Field as its
president, has become one of the prominent corporations of the
day. It has a line of Elevated Railroad in successful operation
on both sides of the
city, and was'the first to give a practical
solution to the great problem of rapid transit in New York.
The company has built with
economy at a mo3t favorable period,
when iron was at the lowest point, and it a
capital account is
believed to be fully represented in the
property now owned by it.
—The business men of New York will notice with satisfaction
the nomination of Mr. L. P. Morton for
Congress in the tenth
district of this city. Mr. Morton, long known as
among our most
prominent bankers, is
a
fair representative of the best class of
business men, and as such he will command votes from those
who desire to see men of this sort in
Congress, without
political distinctions.
regard to
—Littell’s Living Age, in its issue for the week
ending October
19th, begins the publication, from the author’s advance sheets,
of a new serial story
by George MacDonald. The new story is
entitled “ Sir Gibbie,” and
promises to be one of much interest.
—The Nevada Bank, of San Francisco, increases its
surplus
(from $3,000,000) to $3,500,000. Comment on these figures ia
unnecessary.
October
THE CHRONICLE
19, 1878.]
Closing prices at the N. Y. Board have been
Ipmktxsf (gazette.
No National Banks
Interest
Period
organized during the past week.
DIVIDENDS.
The following dividends have recently been announced
Per
Name
op
Company.
Cent.
Railroads.
Boston Sr, Mnine
Banks.
National
Books Closed.
Payable. (Days inclusive.)
Nov. 15
S3
City
:
When
5
Nov.
1
FRIDAY, OCT. 18, 1878-5 P. in.
Tlie Money Market and Financial
has been
one
Situation.—The week
of considerable excitement in financial circles.
Saturday, the 12th inst.,
401
On
6s, 1881
reg.
68,1881
coup.
6s, 5-20s, 1865...reg.
6s, 5-20s, 1865 .coup.
6s, 5-20s, 1867...reg.
68, 5-20s, 1867 .coup.
68, 5-20s, 1868...reg.
68, 5-20s,1868 .coup.
5s, 10-40s
reg.
5s, 10-408
coup.
5s, fund., 1881...reg.
5s, fund., 1881..coup.
4*28, 1891
reg.
4*28,1891
coup.
4s, 1907
reg.
4s, 1907
coup.
6a, cur’cy, ’95-99. reg.
*
J. &
J.
J.
J.
J.
&
&
&
&
Oct.
Oct.
12.
14.
*107%
107 %
103*8
107%
*
*103
*10538
*10538
*107*2
*107*2
J. &
J. &
107%
103*4
103*4
*10538
*1053s
*10738
*107*2
J. &
M. & 8. *10578 *1057b
M. & 8. 106
106
Q.- -Feb. *104*2
Q.- -Feb. 10534
Q*- -Mar. 103
Q*- Mar. 103*8
Q- Jan. *99%
Sr
Jan.
99%
& J. *119*4
1043s
105*2
*103
103
997e
9978
119*8
follows:
as
Oct.
15.
Oct.
16.
Oct.
Oct.
18.
17.
107% *107*2 *107-3
107% 1075s 107%
102 7s 102% *102*2
102% *102% *102*2
1053s *105*8 *10538
105*8 *105*8 *10538
*107*4 *107*4 *107*4
*1073s 1073s 107*2
10534 *105*2 10578
10534 *105*2 *1057s
104*8 104*8 *104*4
105*4 10538 105*2
103
103*8 103*8
10278 103
*103*8
*99%
9978 *9978
*99% *99% *997a
*119
119*8 119
1077a
108*8
102%
*10258
1055s
1055b
*107*3
*107*3
*106
106
1043s
1055s
1033*
103*8
100
*99%
119*3
This is the price bid; no sale- was made at the Board.
from London the news of the fail¬
The range m prices since Jan. 1, 1878, and the amount of each
ure of the
important firm of Heugh, Balfour & Co., in the Man class of bonds outstanding Oct. 1, 1878, were as follows:
Chester and East India trade, with liabilities
approximating
Range since Jan. 1, 1878.
Amoimt Oct. 1.
$10,000,000. On Monday there was a continued decline in our
Lowest.
Highest.
Registered.
Coupon.
stock market, owing to the pressure in
gold and money, until
6s, 1881cp. 105*8 Feb. 25 110% June 27 $197,067,150 $85,669,200
afternoon, when the report that Secretary Sherman would put 6s, 5-208,’65.cp. 102*4 July 22 105*8 June 6 44,459,400
37,274,750
out gold freely in payment for called bonds
12 1085s June 27 110.174.800 200,439,300
gave a sudden turn 68,5-20s,’67.cp. 104*2 Aug.
6s, 5-20s,’68.cp. 106% Jan. 2 113*4 June 28
16,071,500
21,393,800
to the market, and caused a sharp reaction in
prices, amounting 5s, 10-40s... cp. 1037s Mch. 1 1093s July 29 144.280.800 50,285,500
in
some
instances to 3
or
came
5s,fund.,’81.cp. 10234 Feb.
4 per cent.
In
London, the Bank of England directors made an advance of
1 per cent in the discount rate, at a special meeting held on Mon¬
day, thus placing the nominal rate at 6
actual terms made
on
per cent,
transactions
some
the
loss
of
bullion
for
the
week
are
£800,000, and the
was*
percentage
reserve
liabilities was down to 27$
of
to
per cent, against 33$ per cent last week.
The Bank of
France lost 29,200,000 francs in the week and raised the
price of eagles from 1$ per mille premium to 2$. Tlie specie
which went out of the Bank of England
for the most part into other banks
has undoubtedly gone
throughout the kingdom, and
was not withdrawn for
export. To-day, the remarkable state¬
ment is cabled, (but not
fully credited by bankers here), that the
Bank of France has offered to loan the Bank of
England £6,000
000 in specie, and there is an easier
feeling in consequence.
Among the bankers here who have close business relations with
London, the opinion is expressed that the situation in that city is
somewhat
-
critical, and that the serious
nature of the crisis lias
hardly been exaggerated in the cable dispatches. The loss of
specie by the Bank and the reduction of its reserves to a very low
point, have taken place before the present cotton crop has more
than begun to move, and as the cotton
shipments form a large
proportion in value of the total exports from the United States,
there is considerable apprehension as to the future drain in
specie
towards this country, since the supply of United States bonds to
send back has so largely diminished.
The advocates of silver
claim that England will
bring trouble upon herself by adherence
to the single gold standard, and that she will find the
scarcity of
gold so great a difficulty that a bi-metallic currency on an inter¬
changeable basis among leading commercial nations, will pres¬
ently find more advocates among tlie English. Upon this point
we
give
no
opinion, but mention the fact
as
one
of the
cussed bv the parties referred to.
In our local money market rates.
topics dis¬
U. S. 6s, 5-20s, 1867
U. S. 5s, 10-40s
5s of 1881
4%s of 1891
comparison with the two preceding
1878.
Oct. 12.
Loans and dis.
Specie
Circulation
Net deposits
Legal tenders.
..
.
Differ’nces fr’m
previous week.
$248,634,300
Inc.
13.991.100
19.593.100
210,041,200
42,050,800
Dec.
Inc..
Dec.
Dec.
United States
years.
1876.
Oct. 14.
Oct. 13.
$752,400 $238,220,600 $262,794,300
3,608,000
15,600
4,062,200
1,311,400
Bonds.—The
market
17,090,300
16,081,000
197,171,600
40,316,800
for
■
18,347,300
14,724,800
221,925,900
50,669,500
governments
has
been unsettled by the events of the week above referred to.
Prices to-day are pretty firmly held under the
improved aspect of
affairs.
The amount of bonds sold here for London account is
estimated at about $1,500,000.
On the 16th inst. the Secretary
of the Treasury issued the
following order to Treasurer Gilfillan:
“You are authorized, until otherwise
directed, to pay any
outstanding called bonds received from this office at any time
before the maturity of the call, with interest
accruing thereon to
and including the date of presentation. ”
9i
Oct.
Oct.
4.
11.
273,379,550
90,139,250
103,209,600
64,623,512
Oct.
18.
48,290,400
follows:
as
Range since Jan, 1, 1878.
Lowest.
Highest.
107% 107% 107*2 105% Jan. 2
108
108*4 108
104*2 Feb. 25
108
107% x06*2 1033s Mch. 1
105% 105*4 105*8 102% Feb. 25
109%June 8
111% July 30
109*8 July 9
107*4 July 30
State and Railroad Bonds.—The business in State bonds is
a minimum.
Louisiana consols sold here to-day at 74; in New
Orleans the demand is slack, as might be expected at this season.
From South Carolina a decision is expected at
any time from the
Court of Claims.
Railroad bonds show rather less business,
owing to the unset¬
tled condition of stocks and the money market, but
prices of
bonds are quite firmly held.
Messrs. A. H. Muller & Son sold the following at auction:
Shares.
569 Greenwich Ins. Co. 251@256
8 N. Y. Fire Ins. Co
133
84 City Fire Ins. Co
110
12 Airer. Exch. Fire Ins
91
20 N. Y. Bowery Fire Ins ...220
7 Bank of America
130
35 Greenwich Bank
101
20 N. Y. Equitable Ins. Co ..195*4
20 Pacific Fire Ins. Co
240
37 N. Y. Gaslight Co
78*2
50 Manhattan Gaslight Co ..151
15 Continental Ins. Co
170
Shai'es.
50 Gt. Western Marine Ins.. 85
11 Produce Exch. Fire Ins.. 50
25 Phenix Fire Ins. of Bk’ln.l25*a
15 People’s Fire Ins
113*3
10 Sterling Fire Ins
90
885 National Land and Improvem’t Co. of Colorado 10
35
Central
Colorado Im¬
provement Co.,$2 50 pr.
sliffrc
20 Manhattan Gaslight Co.. 149*3
>
Closing prices ot leading State and Railroad Bonds for
weeks past,
and the range since Jan. 1, 1878, have been
Oct.
States.
11.
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s, old
do
do
2d series..
Dist. of Columbia, 3-65s
Railroads.
Central of N. J. 1st consol
Central Pacific 1st, 6s, gold..
Morris & Essex Jst rnort
N. Y. Cent. & Hud. 1st, cp
Oct.
18.
*16*2
*33*2
Lowest.
*16
*33
*70
15
33
*76*2
74
*30
77
two
follows:
Range since Jan. 1,1878.
29
Mch. 29
Sept. 9
July 31
Apr. 12
Highest.
Feb. 11
June22
18
May 25
39% May 14
31
Sept. 10
85
June 10
64*4 Mch. 4 90
July 11
106% 103% Jan. 15 108% June 28
114
114
109
Jan.
2 114*4 Oct.
8
102*2 101*4 9178 Jan. 14 103*4 May 31
95
95% 91*8 Jan. 5 102% May 25
5 110*2 June 28
Jan.
109*4 109% 106
Jan.
7 116*4 July 8
*115*2 110
109
Jan. 10 114
*11234 *114
Sept. 26
114
113
5 114
105*8 Jan.
Oct.
2
5 121
-119% 120
115*2 Jan.
Oct.
8
*119*4 *118*2 117*2 Sept. 10 122
June 26
101
Oct. 10
957s Feb. 20 103
*ib*6%
Ohio & Miss. cons. sink. Id..
Pitts. Ft. Wayne & Chic. 1st.. 12 6
122
118
Feb.
8
St. Louis & Iron Mt. 1st m
*105*8 *105*2 102*2 Sept. 20
Union Pacific 1st, 68, gold.... 106% 106*2 103% Jan.
7
do
sinking fund.... 100%
9934 923s Mch. 6
*
This is the price bid: no sale was made at the Board.
Tas been
as
75
73% 6934 June 8 85
*105*2 *106*2 102*2 Aug. 23 108
Virginia 6s, consol
Railroad and
1877^
235,060,800
17} 159,860,750
122*8 Majr 25;
have varied, with a general Chic. Burl. & Q. consols 7s...
& Northwest. cp.,gold..
On government collaterals 4@5 Chic.
Chic. M.& St. P. cons. s. f. 7s..
cent
is
per
paid for call money, an l on stock collaterals rates Chic. R. I. & Pac. 6s, 1917...
vary from 5 to 7.
Prime commercial paper is in demand at 5£@6 Erie 1st, 7s, extended
Lake S. & M. S. 1st cons., cp..
per cent, but holders of choice paper will not sell at that
figure, Michigan Central consol.
and so business is slow.
7s..
being $3,531,000, against $7,436,050 the previous week.
The following table shows the
changes from the previous week
and a
Aug.
10234 Jan.
at
tendency towards firmer prices.
The last statement of the New York
City Clearing House banks,
issued Oct. 12, showed a decrease of $3,904,450 in the excess
above their 25 per cent
legal reserve, the whole of such excess
10778 July 30
1 105
Closing prices of securities in London have been
although the
reported to have
been much higher.
The press dispatches from London, as well
as private reports
by cable, have been very unsatisfactory as to
the tone there prevalent in regard to financial affairs.
It was
regarded as an encouraging feature that the Bank made
no further
change in its discount rate on Thursday, although
25
4*23, 1891 ..cp. 1017s Mch.
48, 1907
99% Oct.
cp.
68, cur’ncy.reg.; 117*4 Apr.
122
Oct.
18
10938 May 24
108% June 28
105*4 July 9
Miscellaneous Stocks.—The stock market
subject to considerable fluctuations, and there has been a
tolerably active business on speculative transactions. On Monday
there was severe depression, in consequence of the pressure in
gold and money, but immediately upon the announcement that
the Treasury would make gold easy by
paying for called bonds on
demand, prices went up with a bound, and the recovery in the
last hour of business amounted, in some cases, to nearly 4 per
cent.
The tone of the market has since been rather feverish, and
prices have fluctuated from day to day, according to the influences
of the moment, and to-day closed
stronger, in sympathy with
what was considered a better report from London.
It may fairly
be anticipated that money will rule at 5 to 7 per cent
during the
next two months, even if there should be no
great stringency in
money, and this fact, together with the unsettled condition of
affairs abroad, and the lower prices of agricultural products,
which may affect the rates of railroad freights,
are present
influences against higher prices.
THE CHRONICLE.
402
The
daily highest and lowest prices have been
Saturday,
Oct. 12.
32
Central of N.J.
Chic. Knrl.& Q. 109
C. Mil. & St. P. 29%
do
pref. 64%
Chic. & North. 37%
do
pref. 69%
C. R. I. & Pac.. 113%
Del.& H. Canal
Del. Lack.* W
Monday,
Tuesday,
Oct. 14.
Oct. 15.
31
109
33^
32%
109
109^
30% 29% 307%
64
05
65%
39
36% 39%
70% 68% 71%
114% 112% 114
45** 47
4^% 51%
11
Erie
11%
Han. & St. Jo.,
13% 14
do
pref.
36% 37%
70% 77
ike Shore
64% 67%
65
Michigan Cent
68%
Morris A Essex
79% 81%
N.Y. C. & H. h.
110% 111*.
Ohio ds Miss...
7%
7%
Pacific Mail....
15% 16
Panama
12-2% 122% 124 124
Wabash
18
18*8 1*% 18%
Union Pacific.. 66
66
66
66%
31%
S2:
65
31
64% 65%
39% 40%
70% 71%
88%
70
114
71%
114%
46%
50%
11%
14%
38
77%
66%
glinola Cent..
*113 114
47
45%
51%
50%
11%
68
14
38
38
76%
V&
69
77%
67%
68%
81%
111%
& iV*
*120
18%
66
40
70% 71%
125
19% 18% 19%
66% 66
60%
91% 89% 91%
46
50%
10%
nM
38%
76%
66% 67%
67% 68
91%
*
2,306,244
453,893
251,405^
120,646
426,559^
233,399108.851
378.297
287,506-
203,724
235,730
427,184
989,373
9,052,600
3,919,579
158,598
254,804
840,732
9,073,669
3,572.587
105,157
117,328
Traffic during August, 1878, was almost entirely suspended, owing
speculation in gold was suddenly let
by the determination of Secretary Sherman to pay called
as presented.
To-day, gold opened at 100$, declined "to 100$,
and so closed.
The carrying rates were -$ to 1$ per cent.
Loans
were also made flat.
Silver is quoted in London at 49$d. per oz.
The range of gold, and clearings and balances were as follows:
down
bonds
7%
15%
19'
66%
90%
'07% 108% *07% 108%
49% 48% 48% 48% 48%
49
49
*48% 49 *48
*
97
95
Wells, Fargo.. 97
95
97
95
96% 2:% 95%
13
*.... 13% *12% 13
Quicksilver.... 13
*12% 13
*12% 13
do
35
pref. •32% 34% *32
34
82% 32% *32
83% *30
* These are the
prices bid ana asked: no sale was made at the Board.
West. Un. Tei
90
91
86% 90*8 90%
Adams Exp.... 107% .... *107%
*108
American Ex..
50
48% 49% *49%
united States
•48
50
*48% 49% 49
2d wk Oct.
2,450,458
to yellow fever regulations.
Tlie Gold Market.—The
3% 110%
m!
$145,000 $125,065 $3,078,712 $3,130,295*
71,779
77,334
17,156
14,958
do
(Ken.).3d wkSept
8,925
7,483
do
(Tenu.).3d wkSept
3,843
3,649
St. Paul & S. City.August....
45,464
39,169
Scioto Valley
September
29,151
17,587
Sioux City & St. P. August....
28,446
24,022
Southern Minn...July
53,201
46,951
Tol. Peoria & War. 1st wkOct.
28,103
30,005
Union Pacific
September 1,163,426 1,035,232
Wabash
14
14
*37
75
St. L. Iron Mt. & S.lst wk Oct.
St. L. K. C. & No. .1st wk Oct.
St. L.&S.E.(St.L.)3d wkSept
64%
39
114%
46%
51%
11%
\y*
W*
66%
67%
81% 82% 81%
111%
..
Friday,
Oct, 18.
Oct. 17
31% 32% 31% 32%
109
109% 109% 109
29% 30% 29% 30%
109% 10
30%
Wedn’sd’y Thursday,!
Oct, 16.
/—Latest, earnings reported.—( ✓-Jan. 1 to latest date.-*
Week or Mo.
1878.
1877.
1878.
1877.
follows:
as
[Vol XXVII.
88
...
Quotations.
.
Total sales this week and the range
were as follows:
Open i Low. High
Oct.
“
“
in prices since Jan. 1, 1877,
“
“
“
»
Central of N. J
Chic. Burl.& Quincy.
Chic. Mil. &St. P..
do
do pref.
12,851
1,100
47,097
32,180
Chicago & North w... 171,835
do
do pref. 124,305
..
Chic. Rocklsl. & Pac.
2,515
Del. & Hudson Canal
10,552
Del. Lack. & Western 211,940
Erie
32,530
Hannibal & St. Jo.
2,345
do
do pref.
3,200
Illinois Central
3,140
Lake Shore
180,575
..
Michigan Central....
12,410
14,311
Morris & Essex
Lowest.
Pacific Mail
Panama
13% Jan.
2 45% July
99% Feb. 28 114% July
27% Sept. 2 5478 July
04
Oct. 14
8434 July
32% Aug. 10 55% Apr.
59% Feb. 9 79% July
983s Jan. 15 119% June
44
Oct-
18
403s Mch. 5
7% Jan.
5
10
Feb. 28
21 % Feb. 28
723s Feb. 14
55 7s June 29
58% Jan.
3
315
112
Jan.
Wabash
Union Pacific
Western Union Tel...
Adams Express
American Express..
United States Exp...
30,550
9,029
181,075
50
305
57
98
40
44
Wells, Fargo <fc Co...
388
82% Jan.
Quicksilver
200
100
12
do
Highest.
pref
Jan.
Aug.
Aug.
Aug.
29% Feb.
St.
Paul.
12
....
St. Paul
9,722
15,050
'
west.
3,110
16,450
27,125
«
14....
«
15....
10....
4,750
5.250
“
3,510
1,200
17....
«
18....
5.250
7,075
3,000
4,310
“
Total.
47,097
Whole stock. 154,042
..
North¬ N’rtliw.
pref.
,
41,950
45,005
19,400
11
15
8
9
17
11
7
Oct.
9
72% Apr. 18
Pref*
21,600
35,420
23,445
13,855
11.100
10,200
24,500
22,000
High.
0
37%
94
11878
11
42%
40 % 73%
15
43 7e
3734 09%
82% 105%
25% 74%
were as
45
733s
what
50
91
73
845Q
105
43%
36
81
13
19 78
00%
59%
90
24
45
follows:
31,600
51,540
17,300
22,000
35,900
53,000
Lake
Shore.
17,205
57,830
22,125
24,930
31,310
28,275
34,575
00,195
21,005
23,400
14,150
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¬
ings of all railroads from which returns can be obtained. The
columns under the heading ‘‘Jan. 1 to latest date” furnish the
and including, the period
Latest earnings reported
1877.
men¬
Jan.1 to latest date.-*
1878.
1877.
$71,009 $2,821,798 $1,825,436
Atl. & Gt. West...August
369,761
421,483
Atlantic Miss.<fc O. August
155,012
184,176 1,044,263 1,073,698
Bur. C. Rap. & N. 1st wkOct.
34,978
41,884 1,166,855
851,692
Burl. & Mo.R.in N. August
166,320
123,147
981,089
606,822
Cairo & St. Louis-September
19,371
I
19,745
161,773
175,803
Central Pacific...September 1,831,000 1,441,293 12,937.363
12,033,937
Chicago & Alton.. 2d wk Oct. 131,426
116,608 3.686,075 3 544,736
Chic. Burl. & Q...July
946,427
829,300 7,364,218 6,301,348
Chic. & East. Ill..September
72,494
66,658
Chic. Mil. & St. P.2d wk Oct. 191,000
278,932 6,481,000 5.934,240
Cbic.&North west.Scptembcr 1,345,796 1,559,368
10,034,804 8,593,055
do jtropr’y rMs.September
106,704
136,074
Clev. Mt. V. & D..September
34,354
38,687
277,533
283,201
Dakota Southern.August
15,164
12,537
138,088
109,023
Denv. & Rio G... 1st wkOct.
26,100
18,542
818,396
562,264
Dubuque &S.City.lst wk Oct.
22,546
26,645
716,331
662,812
Erie
July
1,157,690 1,041,205 8,289,355 8,051,069
Gal. H. & S. Ant. .August
116,083
99,140
728,993
588,804
Grand Rap.&Ind.July
93,834
81,293
669,687
598,660
Grand Trunk.Wk.end. Oct. 5 194,165
223,086 6,664,998 6,934,870
Gr’t Western.Wk.end. Oct. 4 102,048
122,119 3,412,566 3,241,164
I1L Cent. (Ill.line) .September 485,698
607,713 3,960,227 3,728,725
do
Iowa lines.September
129,931
209,639 1,083.293 1,029,300
Indianap. Bl. &W.lst wk Oct.
31,797
32,817
983,725
949,484
Int. & Gt. North. .1st wk Oct.
44,507
37,530
992,565 1,039,894
Kansas Pacific.. .1stwkOct. 107,377
94,488 2,686,044 2.371,381
Mo. Kans. & Tex .lstwk Oct.
73,928
71,790 2,174,684 2,386,374
Mobile & Ohio
August
114,979
125,714 1,147,089 1,049,495
Nashv. Cli.& St.L.August....
129,859
154,997 1,064,534 1,097,637
Pad. AElizabetht. September
27,996
28,282
Pad. & Memphis..September
*7,732
14,591
139,208
134,415
Phila. & Erie
August
262,073
292,390 1,737,806 1,845,756
Phila. & Reading.August
1,402,792 1,420,879 8,060,939 8,904,013
8t.L.A.&T.H.(brs) 1st wkOct.
11,570
16,114
358,594
383,350
32,171,000
24,291,000
21,617,000
12,557,000
10,065,000
Currency.
1,980,900
1,559,032
2,410,135
1,940,442
1,258,500
2,015,941
1,579,133
2,598,298
1,964,096
1,267,047
$794,900
$964,590'
137,823,000
$100,980,000
quotations in gold for various coins:
$4 83
®$4 87
Dimes & % dimes.
Silver %s and has.
Five francs
Mexican dollars..
English silver
—
98
@
—
98%
—
98%@
—
98%.-
—
—
88
85
@
@
4 75
....
Prus. silv. thalers.
Trade dollars
New silver dollars
—
—
—
—
—
90
86
@485
68 @
98%®
—
70
—
98%-
997s'2>
—
par
Exchange.—Foreign exchange has naturally been
affected
less by the situation in London.
Prices recovered some¬
from the extreme decline of last week, and for prime
bankers’
sterling bills the quotation to-day was made 4‘SO for
days, and 4*86 for demand, with actual transactions done at 4
to 1 point lower.
In domestic hills the following were rates on New York at the
undermentioned cities to-day: Charleston, easier, buying
5-16 discount selling l-16@par; New Orleans, commercial $ dis¬
count, bank
discount; St. Louis, 75 discount Chicago, 50"
premium; and Boston, 12$@20c. per 1,000 discount.
Quotations for foreign exchange are as follows:
60
Oct. 18.
60
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial.
days.
3
days.
4.791s@4. 80
@4. 79%
4.77%®4. 78%
4.85%®4 .86
4 85
@4 .85%4.83%®4 .8442
Documentary commercial.
4.77
4.83
Paris
5.2438®5. 21%
5.2438'5>5. 21%
5.2438@5. 217s
39 34 ®
40
9334@ 94
9334@ 94
9334@ 94
9334@ 94
4.79
(francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
27,250
494,005
Gold.
$36,522,000 $1,939,759 $2,271,103
.
Del. L.
West,
& West. Un. Tel,
32,180'171,835 124,305 211,940 181,675 180,575
EARNINGS.
Week or Mo.
1878
Atch. Top. & S. F.lst wk Oct. $96,500
100%
3 83 -2) 3 87
X X Reichmarks. 4 75 ® 4 80
X Guilders
3 90 @ 4 10
Span’ll Doubloons. 15 65 @15 90
Mex. Doubloons.. 15 55 @15 60
Fine silver bars
10(>%®
107%
Fine gold bars..
par.@%prem.
more or
*59%
are
Clearings.
100% 100%
100% 100%
100% 100%
Napoleons
79
122,7941149,888 215,250 524,000 350,085
gross earnings from Jan. 1 to,
tioned in the second column.
following
40%
130
1013s 101
1013s 100%
100% 100%
100%!i0138
Sovereigns
15%
33 78
80
5
The
7
17
Feb. 25
2038 Apr.
Tin’s week 101%
77
15
Sept. 5
Apr. 15
Jan. 10
101%101
101% 100%
100% 100%
100% 100%
100% 100%
100% 100%
Prev. w’k 100%100% 101% 101%
S’ce Jan. 1 102 % 100%!l0278 100%
3078
4^8
35% 74%
51% 92%
85% 109%
2% 113s
1278 20%
June 10
73
Mch. 20
9738 Sept. 30
8 108% Oct. 10
2 52% May 8
7 51% Feb. 25
7 97
Oct.
9
21 1934 Feb. 25
5 37
June 15
Total sales of the week in leading stocks
Oct.
70
5 131
12% June 20
01% July 31
75% Feb. 13
Low.
5978 July 10
01% July 10
1834 July 31
10% Sept. 5
40
Sept. 5
87
July 11
073s Feb. 28 89
5,731 10334 Feb. 11 115
5,925
034 June 29 11%
4,000
14*8 June 21 23 78
N. Y. Cent. & Hud. R.
Ohio & Mississippi...
Whole year
1877.
Jan. 1,1878, to date.
Sales of
Week.
Shares.
12..
14..
15..
16..
17..
18..
Balances.
Gold
Clos.
Boston
banks for
Banks.—The following are
series of weeks past:
Loans.
I
May 27.
123,932,500
123,973,200
July 1.
•July 8.
July 15.
July 2*2.
July 29.
Aug. 5..
Aug. 12.
Aug. 19.
Aug. 26.
S<jpt. 2.
Sept. 9.
Sept. 16.
Sept. 23.
Sept. 30.
@4 .84
5.21%@5 ,1938:
5.217s@5 .19%
5.21%@5 ,193s
40
@
40%
94%® 947e
94%@ 9478
94%® 94%
94%® 9478
the totals of the Boston
a
1878.
June 3.
June 10.
June 17.
June 24.
@4. 78
125,010,400
125,764,700
127.030,700
128,621,700
129.849,000
130,70*,900
131,136,200
130,653,600
131,387,300
131,816,000
131,972,900
131,615,700
132,125,900
131,595,100
130,741,000
131,144,300
130.759,400
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
$
*
$
s;
S
3,959,-00
3.448,600
3,211,800
2,890,900
2,677,400
2.633,800
2,451,900
3,488,000
3,353,4C0
3,011,200
4,260,200
5.26 V 00
5,756,100
6,2:4,200
48,893,500
50,165,800
25,373,100
37,395,431
33,875.446
6,681.800
2,944,200
3,008.300
2,888,800
6jS75,100
5.917,800
5,466,400
5,282,600
5,511,900
5,89% 100
51,676,400
25.446,300
25,584,800
51,572,9(0
25,527,600
52,156,100
25,372,700
52,775 300
25,64^,400
25,361,400
53,252.000
52,285,800
52,095,600
51,569,400
51,906,700
51,490,700
.50,948,100
51,369,100
5,84% 800
5,626,405
2,768,100
2,731,600
3,040,000
3,022,600
3,022,100
3,047,600
.3,321,200
2,963,100
25.339.200
25,297,600
25,045,500
25,143,^00
25,081,200
25,128,600
42,181,604
40,871,375
39,188,858
42,626,701
51,573.48947,130,751
43,821.118
3%141,87937.181,493
35,455,252
35,748,086
33,442,88531,659,018
38,080,092
38,484,171
42,643,331
38,344,352*.
49,237,921
47,046,050
5,627,300
25,0 0,400
51,904,51:0 25,008,200
5,802,300
5,613,700
52,390,800 25,281,000
52.090,700 25,441,100
5,548,200
5 654,900
53,081,700 25.466,10)
53,434.200 25,427,700
6,0S6,9O0
Oct.
7. 13(5.104,400
53,233,500 25.506,500
6,135,100
Oct. 14.
128,971,100
6,020,000
53,866,100 25,407,300
Philadelphia Batiks.- -The totals of the Philadelphia banka
are as follows:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
1679.
May 27.
Jane
June
June
June
3.
10.
17.
24.
July
July
July
July
July
Aug.
Aug.
1.
8.
15.
21.
$
57,106,350
57.141,428
57,380,687
5 <,542,325
57,104,069
56.906,372
57,417,531
57,540,336
57,701,352
57,582,408
29.
5.
57,836,672
12.
57,394,189
Aug. 19.
Aug. 2%
Sept. 2.
Sept. 9.
Sept. 16.
Sept. 23.
Sept. 30.
Oct. 7.
Oct. 14.
$
57,506,:'45
2,236.021
13,610.305
57,450,042
57,515.217
2,183,120
13,452,892
13,547,329
58,189,844
58,397.686
58,360,7:0
58,207,884
58,613,739
18,050,640
£
2,002,175 12,23*1,928
1,957.813 12,723,700
1,948,551 12,777,652
1,810,592 12,674,595
1,799,535 13,166.808
1,898,257 13,726,831
2,165,605 13,647,763
2,131,277 13,600,496
2,088,963 13.413,067
2,122,989 13.750,039
2,28*,660 13,729,614
2.342,437 13,434,151
2,172,809
2,166,359
13.302,270
2,109,4*1 lv,812.555
2,013,043 13,004,807
1,995,806 12.814,627
1,989,340 12,717,102
1,838,451 12,382,599
.
$
43,830,408
44,901,979
44,814,241
44,900,053
11,088,797
11,069,120
11,070,141
11,049,673
£0,126,223
44,908,901
11,006,979
11,001,126
30,667,918
29.(62,252
33,320,691
32,262,571
30,692.010
24,830,509
29,494,324
26,839,131
27,006,463
23,731,264
24,754,736
28,719,076
29,582,427
31,483,017
28,822,304
37.391,156
45,647,430
45,931,792 11,055.863
46,419.105 11,075,562
46,082,238 11,118,080
46,127,426 11,133,331
<56,502.675 11,136.613
45,561,288 11,158,5-3
45,757,350 11,164,372
45,497,226 11,150,955
45,806,145 11,191,223
45,504.418 11,134,010
45,515,333 11,19* *,001
45,335,119 11,215,351
45,555,9* 8 11,243,085
45,570.445 11,266,957
45,122,766 11,307,582
26,600,606
39.002,223
31,067,892
32,798,588
October
THE CHRONICLE.
19,1878.]
New York City Banks.—The
following statement shows the
^condition of the Associated Banks of New York City for the week
ending at the commencement of business on Oct. 12, 1878 :
403
BOSTON, PHILADELPHIA, Etc.-Continued.
Bid. Ask.
8BOUBITIE8.
SECURITIES.
Bid. Aftk.
AVERAGE AMOUNT OP
Loans and
Banks.
Capital. Discounts.
$
Legal
Specie. Tenders.
$
*
8
New York
8,620,800 1,262,200
2,000,000
Manhattan Co.... 2,! 50,000
6,011,303
477.200
Merchants’
2,0l0,000
7,883,000
658.300
Mechanics’
285 500
2,000.000
7,0n4,700
Union
1,200,000
4,0 72,500
298,000
America
8.940.800
3,000,000
861,100
Phoenix
209,000
1,0'0,000
2,373,000
City
1,000 000
5.942.300 1,039.400
Tradesmen’s
292,0)0
3.116.500
1,000,000
Fulton
6 0,000
149,500
1.510.700
Chemical..
300 000 10,449,200
458.400
Merchants’ Exch. 1,000,000
3.470.600
177.300
-Gallatin National 1,500,000
4,033,700
184.400
Butchers’ & Dro v.
300.000
1,299,000
119,000
Mechanics’ & Tr.
6('0,000
1,418,000
27,0M
Greenwich
10,600
871,000
200,000
Leather Manuf’rs
242,000
2.574.100
600,000
■Seventh Ward..
909,400
81,600
300,000
State of N.York.
800,000
1.521.200
235.300
American Exch.. 5,000,000 12,258,0 0
618,000
Commerce
5,000,000 18,249,000 1,042,800
1,027,300
622.500
...
4.744.300
£.3 (6,800
2,064,800
3.472.200
1,000,000
...
i,ooo,oqp
422,700
Republic
1.500,000
Chatham
450,000
People’s
412,500
North America..
700,000
Hanover
1,< 00,000
Irving
500,000
Metropolitan.
3,000,000
..
Citizens’
Nassau
2, »11,600
600,000
1,0)0,000
.....
.
Market
1,(00,000
St. Nicholas
1,000,010
Shoe and ueather 1,000,60!)
Com
Exchange.. 1,000,000
Continental
Oriental
Marine
300,000
400.000
Park
2,000,000
Mech. Bkg. Aes’n
500.000
Grocers’
300,000
North River
240,000
East River
250,000
Manuf’rs’ & Mer.
100.000
Fourth National 3,5. 0,000
Central National. 2,000,OGO
Second National.
300,(00
Ninth National..
75i»,000
First National...
500,000
Third National..
986,300
N. Y. Nat. Exch.
300,000
Bowery National.
250,000
New York County
2 0,C0J
German Americ’n
750,000
.
Phll.&R.C.&I deb. 7s, cps.off
do scrip, 1882
do mort., 7s, 1892-3
do
Phlla. Wllm. & Balt. 6s, ’84
pref..
Old Colony
90% 90% Pitts. Cln. & St. Louis
la, !900
Portland Saco & Portsmouth
88
87%
Shamokin V.& Pottsv. 7s, 1901
Pueulo * Arkansas
Steubenv. & Ind. 1st, 6s, 1884.
"7
Rutland, preferred
Stony Creek 1st m. 7s I907-...
110
Vermont & Massachusetts..
110% Sunbury & Erie 1st m. 7s, ’97..
Worcester* Nashua
30
44,000
..
7,500
91,500
171,060
118,000
1,100
222,400
PHILADELPHIA.
STATE
755,3C0
Penna.
do
do
do
do
do
1.272.300
817,603
233.700
561.300
272.700
206,000
1,086,000
499,1(H)
1,703,000
334.200
129.500
373.300
171.300
415,000
2,199.690
1.897.700
2,710,6 0
572,000
441.400
260,000
5(9,800
730,500
719,200
3-8,300
13,531,500
7,234,000
1,982,000
3.568.200
7,961,000
5.937.600
1.173.800
1.147.700
1.109.100
1.974.600
4*50.000
1878.
May 4.
May 11.
May 18.
May 25.
June
1.
June 8.
Jun. 15,
Jun. 22.
Jun. 29.
July 6.
Specie.
i.
S
229.936.400
232,030,700
233,122,600
2)33,997,200
234,049,400
2.36,132,'. 0C
234.639.100
234.713.700
232,72U,200
236.516,000
234.120.100
236.195.500
238,636,! 00
July 13.
July 20.
July 27.
Aug. 3. 238,096,200
Aug. 10. 240.220.100
Aug. 17. 235.555.400
Aug. 24. 236,994,300
Aug. 31. 239.431.700
Sept. 7. 243.432.900
Sept. 14. 244.215.100
Sept. 21. 245.317.400
Sept. 23. 246.322.500
Occ.
5.
247.881.900
Oct. 12. 2)8,634,300
a
I Tenders.
S
Camden * Atlantic
do
do
pref
Calawlssa
do
pref
do
new pref
Delaware & Bound Brook....
East Pennsylvania
Elmira & Williamsport
do
do
pref..
Har. P. Mt. Joy & Lancaster.
241.809
496,000
679,700
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill....
lilnehlll
Nesquehonlng Valley
Pennsylvania
Philadelphia*
Pnlladelphla &
Philadelphia &
Phlla.Wilming.
27,469,500
23,030,200
19.827.100
17,001,200
16,801,200
17,105,2' 0
15,069,700
16,311,900
20,420,000
22,048,600
22,001,600
19,695,(00
17,99 >,800
20.407.600
19,234,300
18,662,800
17.009,300
16.953.100
18.554.700
18,322,800
18.199.600
17.599.700
13.991.100
Bid. Ask.
SECURITIES.
BOSTON.
Maine 6s
New Hampshire
Vermont 6s..,.
ffartford & Erie 7s, new
6s
do
do
do
Boston « Albany 7s
do
6s
Boston & Lowell 7s
Boston & Maine 7s
Bosron & Lowell 6s
1C7%
374,239,182
390,933,811
361.644.610
349,403,759
*99%
ii*8%
104
Fitchburg KR., 6s
do
Kan.
7s
City Top. & W., 7s, 1st
do
do
Eastern. Mrrs.. S%«.
352,707,254
353,322,472
4 4,140,015
353,692,070
342,217,469
330,537,433
285.766.611
348,022.456
3)30,877,791
333,606,566
370,111,767
453,971,364
424,149,910
~31%
112
101H
13
Maine
Providence
79%
130%
131
76
109% 109%
110
107
4%
74
107%
34
4U
136
Connecticut River
1C 2
Conn. & Passumpsic
48
|Ea8tern (Mass.).
13
j
105
jEastern (New Hampshire)...
Fitchburg
123% 124
Kan. City Top. & Western... 80
107% Manchester * Lawrence
133%
•
7s, Inc..
99
new.
69% 70
...
Lowell...
Concord
......
...
Topeka
Albany
Burlington & Mo. In Neb
Cheshire preferred
Cin. Sandusky & Clev
116
Boston & Providence 7s
Burl. * Mo,, land erant 7s.... 110
do
Neb.6s
102
do
Neb. 8s, 1883
Conn. * Passumpsic, 7e, 1897.
&
100
Nashua & Lowell
New York & New
England...
7%
13%
14
*4% 4%
127% 128
20
16%
30
16%
31
31
do m. conv. g., i>g.,’94
do mort. gold, ’97
do cons. in.7s, rg.,1911
Morris, boat loan, reg., i885..
Pennsylvania 6s, coup., 1910..
Schuylk. Nav.lst m.bs.rg ,’97.
do
do
do
2d m. 6s, reg., 1907
68, boat*car,rg.,19i3
7s, boat*car.rg.,l95
Susquehanna 6s, coup., .9i8 .*
95
95
72
96
96
63%
65
91
89
60
45
47
BALTIMORE.
Maryland 6s, defense, J.& J..
108
108%
6s, exempt, 1887
no
113
6», 1890, quarterly., 106
109
5s, quarterly.
(-9
100
Baltimore 6s, iS84, quarterly. 109
111
do
6s, ;8S6, J.&J
lb9
111
do
68, 1890, quarterly... 109% 110
do
6s, park, 1890, Q.—M. 109
112
do
6s, 1893, M.& S
109
112
do
...
..
6s,exempt,’dS.M.&S.
111
111
112
115
112
112%
)12%
Par.
Balt.* Ohio
100 x82
82%
do
Wash. Branch. 100 xllO 130
do
1
Parkersb’g Br. .50
5
Northern Central..
50 14
14%
Western Maryland
50
5
Central Ohio
50 22% 25
Pittsburg & Connellsvllle..50
5
RAILROAD
BONDS.
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O.
N. W. Va. 3d m.,guar.,’S5,J*J
Pitt8b.& Conneirsv.7s,’98,J&J
Northern Central 6s, ’85, J&J
do
6s, 1900, A.&O.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st m.,’90,M.& 8.
W. Md. 6s, 1st m., gr.,’90,J.*J.
do
1st m.f 1890, J. & J...
do
2d m.,guar., J.&J....
do
2J m., pref
.
do
2d m.,gr.
by W.Co.J&J
102
105
100
105
108
105
93%
106
101
93%
107
105
93% UdljC
99% 101
105
100
105
65
10 i
108
110
105
110
95
11
105
68
108
MISCELLANEOUS.
108
bO
24
102
V>7
105
111%
111%
lib
7s
1890
106%
99
..
do
58,perp ...
Harrisburg 1st mort. 6s, ’83...
H. & B. T. 1st m. 7s, gold, ’90. 104
do
2d m. 7s, gold, ’95.
...
do
3d m. cons. 7s,’95*.
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 6s, ’82.
do
2d mort. 6s, 1900
L. Sup. & Miss., 1st m., 7s, g.*
..
*
.
25
Baltimore Gas certificates...
People’s Gas
1.
107
Cincinnati 68
do
7s
do
7*30s
do
do
Hamilton
f 96
97
t 103% 105
t 106
South. RR. 7-30s.t 104
do
6s, gold, t 88
Co., O., 6s. long...t 95
7b, 1 to 5 yrs..t 100
do
7 & 7‘30s, long.j 104
CIn.& Cov. Bridge St’k, pref. 75
Cin. Ham. & D. 1st in. 7s, ’80
101
do
2d m. 7s, ’85.. 95
Cin. Ham. & Ind., 7s, guar....
35
.
Cln. & Indiana 1st m. 7s...
93
do
2d m. 7s, ’77...
72
Colum. & Xenia, let m. 7s, ’90 104
Dayton & Mich. 1st m. 7s, ’81. 101
do
2d m. 7s, ’87. 95
do
3d m. 7s, ’88. 90
Dayton & West, lstm., *81...t 100
do
1st m., 1905.
©7
do
lstm. 6s, 1905 x75
Ind. Cln. & Laf. 1st m. 7s
do
(I.&C.) l8tm.7s,’88 95
Little Miami 6s,’83
100
Lehigh Valley, lst,6s,cp.. 189S 111% 112% Cln. Ham. & Dayton stock... 22
Columbus
&
Xeula stock
do
do reg., 1898...
100
113
do 21 m.,7s, reg., 1910.. 115
22
116 | Daytou & Michigan stock....
do
8.
p.c.
do
con. m., 6s,rg.,1923 101
101% Little Miami stock st’k, guar 92
do
do
98
6s,‘ p.,19,3 100%
Little Schuylkill, 1st in. 7s.’32
LOUISVILLE.
North. Penn. 1st in. 6s, cp., 85. 108
109
Louisville 7s
do
2d m. 7s, cp., ’96 116
117
+ 100%
do
do gen. m. 78, cp., 1903.
6s,’82 to’87
t 96%
do
106
do gen. m. 7s, reg., 1901
6s, ’97 to ’93
107
f 06%
do
water 6s,’87 to ’89 +
Oil Creek ist m. 7s, coup.,’8i. 73% 79
90%
water stock 6s,’97.t
do
irlttsb. Tltusv. & B., 7s, cp.,’96 27
28
96%
wharf 6s
do
do
..+ 9<%
scrip...
do
Pa.& N.Y.C. & RR. 7s, ’96 ) 906. 115
6pec’l tax 6s of ’89.f 90%
Louisville Water 6s, C©. 19071 100%
Pennsylv., 1st m., 6s, cp., ’BO..
Jeff.
108
M.&l.lst
m. (1&M) 7s,’811
do
gen. m. 6s, cp., 1910.
108%
do
do
2dm., 7s
*87
gen. m. 6s, rg., 1910. 107%
do
1st m., 7s, 1906
96
do
cons. m. 6s, rg., 1905
t 106%
96
Loulsv.C.&Lex. 1st m.78,’97(- 104
do
cons. m. 6s. cp., 1905.
07
Louls.* Fr’k.,Louisv.ln,6sf’8
do
Navy Vard 6s, rg.’al
Louisv. & Nashville—
Perklomen 1st m. 6s, coup.,’97
71
Leb. Br. 6s, ’86
Phlla. * Erie 1st m.6s, cp.,’8i. 103
104
t 97
1st in. Leb. Br. Ex.,7B,’80-85.t 97
do
2d in. 7s, cp.,’88. 103%
Lou.In.
do
Phila. & Read. 1st m.6s, ’43-’44. 104
6s, ’93...t 9?
106
Consol. lstm. 7s, ’98
do
.do
M8-.49.
104%
Jefferson Mad. & Ind stock. 103%
do
2d in.,7s, f p..’93 108%
Louisville* Nashville stock. 35
do
acben., cp., ’93*
do
do
cps. off.
do
ST. LOUIS.
scrip, 1882.
‘5*2% 54
In. in. 7s, cp, 1896
do
St. Louis 6s. lotjg
t 102%
do cons. m. 7s, cp.,191!.. 102
do
water 6s, gold
102%
+. 103%
do cons. m. 7s, rg.,1911.. 102
do
do
do
103%
new.f 103&
do con3.ui.6s,g.l.i91i
do
bridge appr., g.6s -j- 103%
do conv. 7s, 1B9365
do
renewal, gold, 6s.t 103%
do
7s, coup, off,’93 30
ao
32
sewer, g. 6s, ’9;-2-3.t 103%
do scrip, I8b2
St. Louis Co. new park,g.6s.+ 103%
Phlla.* Read. C.& I. deb. 7s,92
do
cur. 7s
-j- 104
....
In default of interest.
12%
CINCINNATI.
ao
99
Connecting 6s, 1900-1904
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s. 1905 98%
East Penn. 1st mort. 7s, ’88
E1.& W’msport, lbt m., 7s, ’80. 103
*
50
•
..
new
Lehigh Navlga.m.,6a, reg.,’84 104% 104%
do
mort. KR., rg.,’97 106
107
do 6s, 3d in., guar., J.& J.
112
Mar. & Cln. 7s, ’92, F. & A
>-2% 84
do
2d, M. & N
28
30
do
8s, 3d, J.&J
12
14
Union RR. 1st, guar., J. & J..
do
Cannon endorsed. 103
106
pref...
Burlington Co. 6s,’97.
Catawissa 1st,fs, conv., ’a2...
do
chat, m., 10s, ’88
do
rg..’86
Delaware Division 6s, cp.,’78.
...
Cam. &
353,550.231
376,809,115
STOCKS.
Atchison
Boston &
Boston &
Boston &
Boston &
32%
19
39
33
7s, E. ext.,1910 87
Inc. 7s, end..’94. ‘20
Belvidere Dela. 1st m., 6s, 1902. 106
do
2d m. 6s. ’8r>.. 100
do
31 in. 68,’i7..
94
Camden &Amboy 63,coup,’83 104
do
6s, coup.,’89 110%
do
mort. 6s, ’89
110^
Cam. & Atl. 1st m. 7s, g., 1903 115
21 m., 7s, cur.,’80
do
351,364,165
339,022,452
....
107
land grant 7s 104 %
2d 7s
99
lanhlnc. 8s..
48%
45%
do
do
382,688,684
do
6s
104
Omaha & S. Western, 8s
113
Pueblo & Ark. Valley, 7s
fiutland 8s,ist mort
60
Verm’t C. 1st m., 7s
Vermont & Canada, new 8s.. 26
Vermont* Mass. UR., 6s
Massachusetts 5s, gold
Boston 6s, currency
do
58, gold
Chicago sewerage 7s
do
Municipal 7s
Portland 6s
Alch. & Topeka 1st m. 7s
•
'Jgdensburg & Lake Ch.Ss...
Colony, 7s.
37%
43
49
46
Allegheny Vai.,7 3-I0s,1595...
439,525,545
Bid. Ask*
Old
113
37 %
41
Susquehanna.
361,572,667
106%
CANAL BONDS.
1st 6s,
RAILROAD STOCKS.
Pennsylvania
Schuylkill Navigation
do
6s, cp.,’96. 106
...
Delaware Division
Morns
do
pref
1st m.
1st m. la. ’99
do
1900, J.&J
do
1902, J.&J
Norfolk water, 8s
Chesapeake & Delaware
Lehigh Navigation
do
do
Western Penn. RR. 6s,cp.:899
do
6s P. B.,’96.
uo
RAILROAD BONDS.
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
SECURITIES.
34%
36
6
36
33
CANAL STOCKS.
*
199,074,000 19.998.300
38,612,000 261,038,000 20,033,100
41,020,100 199,686, 00 20,012,300
44,023,900 198,985,300 20.005,800
47,248,000 199,867,900 19,941,000
47.816.400 202.271.600 10.979.600
49.502.900 205.785.200 19.984.900
52.466.900 205.384.100 19.909.900
53.998.300 205.965.600 19,934.200
53.606.300 213.816.700 19.823.900
55.556.300 217.411.100 19,52 >, 101)
57.543.900 221.252.100 19.405.100
58,409,600 222.133.700 19,078,000
58,610,100 219,978,500 19.273.600
56.266.500 223.432.700 19.189.800
55.479.400 217.884.700 19.325.600
55,059,800 216,088,500 19.305.600
53.948.500 216.164.100 19,433,700
50.683.500 216.711.200 19,062,300
48.691.200 218,26'),000 19.478.300
48.538.400 217,304,000 19.616.300
45,680,700 216,332.000 19.617.800
43.362.200 214,103,400 19,577,500
42,650,800 210,041.200 19.593.100
35
5
....
Pittsburg Tltusv. & Bull
United N. J. Companies
West Chester consol, pref....
West Jersey.....
Deposits. Circulation. Agg. Clear,
30,051,900 36.435.300
Erie....
Reading
Trenton
* Baltimore.
Union & Tltusv. 1st m. 7s, ’90. 30
38
United N. J. cons. m. 6s,’94..
110
Warren & F. 1st m. 7s, ’96
■74
West Chester cons. 7s, ’91
11)1%
West Jersey 6s, deb., coup.,’83 82
do
do
Norristown
100
Northern Pacific, pref
18%
North Pennsylvania .........
38
series of weeks past:
$
91
100
Chesap. & Dela.
RAILROAD STOCKS.
63,411,500 248,634,300 13,991,100 42,050,800 210,041,200 19,593,100
The deviations from returns of previous week are as follows :
Loans
Inc.
$752,400 Net deposits
Dec. $4,062,200
Atinn
Tnr>
Specie....
Dec. 3,608,6.0 <Nrr.nl
Circulation
Inc15,600
Legal tenders
Dec. 1,311,400 "
Loans.
I
CITY BONDS.
do
6s, old, reg
106
1<7
do 6s, n., rg., prior to’95
115%
do 6s, n.,rg.,i895* over i*16
116%
Allegheny County 5s, coup...
Allegheny City 7s, reg
Pittsburg 4s, coup., 1913
60
do
5s, reg. & cp., 1913. 80
do
6s, gold, reg
102%
do
7s, w’t’r ln,rg. &C’>. U'2% 103
no 78, 3tr.imp.. reg.,’83-36*
70
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City 6s, coupon
do
7s, reg. * coup.
Delaware 6s, coupon
Harrisburg City 6s, coupon.. 102
Total
The following are the totals for
AND
5s, g’d, int.,reg. or cp.
5s, cur., reg
5s, new, reg., 1892-1902 111
111%
6s, 10-15, reg., l«*77-*82. 104% 105
6a, 15-25, reg., 1882-’92. 109% 110%
6a, In. Plane, reg.,1879
Philadelphia, 5s reg...
198,000
2,700
270.600
30,200
397.600
1.275.100
5,400
1.595.800
4.428.600
444,800
1.889.600
82,800
9,769,609 2,225,000
1.616.600
24b,109
1.745.900
3,900
1.670.700
889,700
2,369,000
90
95
6i*
270.000
1.840.500
4,700
49,200
653.100
2.759.800
773,000
13.900
209,000
1,131,000
5 j6,00 )
60,700
2,130,000
351,000
695.300 3,510.000 16,524,300 1,111.100
172,800 3,146,200 12,096,900
536.900
30.300
92/600
,473,300
293,700
124.500
1,200
449,300
31.100
161.500
799,600
64,2(0
83,500
537.200
96,700
1,000
90,900
366,500
596.700 2,153,500 10,757,000 1,037,30*1
175,000 1,434,000 6,429,000 1,480,000
529,000
2,039,000
270,090
132.300
6.03,200
3.237.300
597,200
332.000 2,214.600
9.437.200
45,900
579,700 1,033,300 5.968.900
793,300
220,101)
14,100
826,090
267.8UU
6,000
219,000
811,100
224,009
309, SU0
1,201,600
180,000
99,200
317,209
1.750.100
645.100
...
2,015,000
5.433.700
1,981,400
173.300
418.100
138.200
699.800
42.300
7*2,000
77.900
53,( 00
37.800
79,600
236,100
9S,6uO
2.145.500
15,494,600
10,271,400
Importers’&Trad 1,500,000
2.989.200
6.355.200
11,364,9u0
473.600 2.700.500
351.500 2,016,300
173,000
987,000
238.000
1,039,000
29.100
109,000
125.200
3,729 800
1.277.500
1,250,000
268,400
553.700
3,812,300
202,600
107.300
19.500
1.320.700
1.665.600
4.811.300
1.855.600
13,579,000
1.501.500
1.978.200
2.524.500
1.970.200
3.563.100
3,161,400
.
528.200
l,i.188.800
237,000
1,452,000
Northern of New Hampshire 92
92%
Norwich & Worcester
132
133%
OgdenBD. & L. Champlain ... m 15%
Circula¬
tion.
$
2,198,000
840.200
331.200
1.451.900
45,000
1,-.’86,000 8,339,1 00
190.000
1,255,500 11,225,200 1,762,200
82,000
754.600 3.359.300
891,009
135.800
591.100
3,049,990
179.400
'
Broadway
7.857.600
4.359.600
6,690,000
5.323.900
756.100
813.200
-
Mercantile
Pacific
Net
Deposits.
+ And interest.
108
104%
90
i02
108
ioi‘%
96 •
40
106
101%
96
92
*90
fcO
*97*
100%
24
•
•
••
24
93
98%
104
87%
107
104%
100
99
99
99
104%
104
35%
CHRONICLE.
THE
404
fvci, xxvn.
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
may
STATE
42%
Alabama Sr, 1883
do
5s, 1886
do
.88,1886
do
43
42
8s of 1892
88 of 1893....
43
...
Arkansas 6a,
*21
do
do
do
do
do
Connecticut 6s...
4
4
4
4
4
107
100
108
107
108
funded
7s, L. R. & Ft. S. lse
7s Memphis A L.R.
7b, L. R.P. B. AN.O
7s, Mibb. O. & R. R.
7s, Ark.Cent. RR...
Georgia 6s....
do
7s,new bonds....
do
7s, endorsed. ...
do
7s,gold bonds...
Ollnols 6a. coupon, 1879...
do
•
•
•
• •
do
do
do
do
do
do
do
9
ttaliroad. stocks.
(Active preri'usly quot'd.)
Albany & Susquehanna..
Burl. C. Rap. & Northern.
Chicago & Alton
do
pref
Cleve. Col. Cln. & I
Cleve. & Pittsburg, guar..
Col. Chic. A I. Cent
.
.
81
*79
104
31
81
3H
50
Long Island
Missouri Kansas A Texas.
Nashv. Chat. A St. Louis
New York Elevated RK..
N. Y. New Haven & Hart.
Ohio A MisslBs'ppl.pref
Pitts. Ft. W. & Ch., guar..
do
do
special.
Ben**elaer A Saratoga
Rome Watertown A Oe.
Bt. Louis Alton A T. H....
do 18R7.
RAILROAD
AND
81%
23
80
100
4%
io%
25
Consolidate Coal of Md..
25
26%
18
24
25%
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal....
S*
4'J
3
3%
40%
Railroad Bonds.
do
guar. ...
Bnr.C. R A North., 1st 5s..
Minn.A St.L.,1st 7s gua
Chestr. A Ohio 6s, 1st m..*
d'^
cx »'our
Chicago A Alton 1st mort.
31
31
69
87
27
31%
70
720
114
do
Income,
105
do
sink'g fund io3
Joliet A Chicago,;st m. 7107
La. A Mo., 1st m., guar..
100
100%
St.L.Jack.A Chic.,let rn. 10 04 :06
Chic. Bur.AQ. 8 p.c.,lstm
111% 112
do
‘consoJ.rn.7s
114
do
5s sink, fun 1
94
*
do istconsol..
do
ssseated.
do conv
do
assemed.
67%
'65
Lehigh A W.B.con.guar
do
assented.
Am. Dock A Imp. bonds
do
do
>ssented.
37%
CbJJll^tSt.P.lstm^s.P.D
do
2d m. 7 3-10, do
do
1st 7s, $g.,R.D
119%
do
"
do
do
do
do
do
do
1st hi.,
LaC.D.
lstm.,I.AM...
lstm., I. A D.
lBtm.,H. AD.
lstm.. C. AM.
105
101
107
100
99
93
103
consol.slnk.fd
95%
do
2d m
7100
do 1st m.,7s, I .AD. Ex 796%
Chic. A N. West. sink, f d. 710*
do
•
lnt. bonds, 106
do
consol, bde 111
do
ext’n bds..
,
do
1st mort..
7””
do
cp.gld.bds. 101%
do
101
reg. do .
Iowa Midland, :st m. 8s.
Galena A Chicago Ext . 7104
Peninsula. 1st m., conv.
Chic. A
MUw.,lst mort.
10
107
102
Winona A Bt. P.. 1st m..
2d mort.
do
’
C.C.C.Alnd’s 1st m.7s,SF. 110%
do • consol, m. bds
88
Del. Lack. A West., 2d m. 103
7s. conv 7103
do
do
mcrt.. 7s, 1907
102%
48yr. Bingh. A N.Y. itt.Is
Morris A Essex, 1st. m.. *120
.
.
,
.
....
115%
102% 103%
106
103
110
104%
102%
108
113
110%
108
99
'99%
Illinois Central—
Dubuque A Slonx City,1st m.
do
do
2d dlv.
Cedar F. A Minn., 1st mort..
Indlanap. Bl. A W., 1st mort...
do
do
2d mort..
Lake Shore—
Mich S. A N.Ind.. S.F., 7 p.c.
do
105
87
23
....
7110% 110%
li'o
bonds
•
•
•
....
...,
Harlem, 1st mort. 7s, coup...
do
7s. reg...
do
North Missouri, 1st mort
Ohio A Miss., consol, sink. fd.
do
consolidated....
do
2d do
do
1st Spring, dlv..
Pacific Railroads—
•
••<
•
•••
••*
104%
95%
96%
Pennsylvania RR—
Pitts. Ft. W. A Chic., lstm..
90
68
84
69
60
40
60
60
120
106
108
101
109
107
.
do
do
do
do
2dm..
3dm..
.
100%
75
100
75
89
.101%
•
90
790%s 92%
7106
90*
!....
I...
106%
105%
-
•
•
105
•
101%
7fi0
67%
t
.
T
*73
....
780
30
30
15
16
+ • • • •
14
120
116
122
110
v>.q
25
Rejected (best sort)...
,
-
-
-
*
-
*
*
794%
9<J
#
101%
.
t And accrued interest.
96
83
75
10
40
45
102%
71%
73
8s
Waterworks.
Railroad, 6s
Norfolk 6s
Petersburg 6s....
8s
86
40
Richmond 6s
Savenn&h 7s, old.
78, new
•
*
:«s
22
100
f on.
8s, gold
RAILROADS.
82%
Ala. A Chatt.lst m. 8s,end
46
195
80
40
91
70
50%
38
96
98
47
75
60
75
IOI
91
51
t99
190
49
18
Consol., end.by Savan’h
1st m. 6s,g.
Cent. Georgia consol.rn.7i
Carolina Cent.
43
89
99
84
8*6
ioi
78
105
40
48
*84
53
90
90*
„
a
^
6s
tetock
68%
50
82
70
20
104%
101
107
76
*
*
_
*
A.&t
Sandusky Mans. A Newark 7s.
South Side, L. I., 1st m. bonds.
sink. fund..
Sonth. Minn. 1st mort. 7s, ’88..
Southern Mi^n.. 7s. 1st
Tol. Can. 8. ADet. 1st 7s, g ..
.
65
•
•
‘7
30
106
2dfs..
Stock.
Mississippi Cent. 1st m.
is
101
77
5
86
ICO
2d mort. 5s
2d mort., ex coupons;
108
1st mort., 8s, B
Mobile A Ohio sterling
Sterling ex cert. 6s
8s
6s, Interest
2d mort. 8s
N. O. A Jacks. 1st m. 8s..
Certificate, 2d mort. 8s.
64
64
45
15
107
ioi
90%
•
•
•
9
60
94
40
35
107
70
80
t*
T*
88
95
50
100
97
75
90
98
95
1C2
80
2d mort. 8s..
90
us,6s.
3ds,8s..
4ths,8s.
50
20
110
101
102
....
88
-
•
• •
-
** *
100
• ••
100
78
40
*##
90
mort. 7e.
oOpmwCoi/vrii«
....
ciuuh
S. Carolina RR. 1st m.
Is.
7s, 1902, low Nos
Ts, non mort
.
90
87
110
82
66
60
20
West Ala., 1st mort.
2d m.8s, guar
8s
PAST DUE COUPONS
Tennessee State coupons.
South Carolina consol....
Virginia coupons
Codr-oi. roim..... .
Memphis City coupons...
7No price to-day; these a;e latest quotations
....
made this week.
75
102
90
86
5
80
104
103
35
.
102
•
...
87
93
35
103
80
7
40
104%
1st mort. 7s.
2d mort. 8s.
31
80
•
99% 100
fiU
93
73
• •
86
*
72%
5
98
85
42
98
106
101
66
97
f
62%
•/
60
37
75%
91%
31%
35
32
50
95
95
104
100
62
62
50
2d endorsed.
Stock
34
25
114
93
40
27
20
13
186
20
*75
70
49
28
23
*25
101
^
80
80
•
*
#
*
lacon A Augt
^
....
-
-
#ft.
85
84
73
65
78
-
-
7s. guar
93%
80
75
35
32
40
20
20
35
48
38
90
90
32
40
35
30
*
40
1C3
94
70
Georgia RR. 7s
199% 100%
92%
85
67
100% 101%
Stock
07
89
l
95
84
50
97
105
101
100
53
20
75
102
85
90
36
44
73
48
101
82
75
104
113
115
101
97
Stock....—
20%
34%
70
60
65
20
20
91
103%
f!03
lot
do
do
(other)
Omaha A Southwestern RR. 8e
Oswego A Rome 7s, guar ....
Peoria Pekin A J. 1st mort—
Pullman Palace Car Co. stock.
do
bds., 8s, 4th series
St. L. A I. Mt. (Ark. Br.) 7s, g.
St. L. A San F., 2d m., class A.
do
do
class B.
do
do
class C.
St.L.ASo’east. cons.7s,gold,’94
St. Loals Vandalia A T. H. 1st.
do
2d, guar
do
80
65
7102
tl 12
7s, gold, 1892-1910..J.AJ
7s, gold. 1904
J.AJ. 1113
tioo
10s, pension, 1894
CITIES.
Atlanta, Ga., 7s....
95
106
111
100
83
35
20
60
18
do recelv’s ctfs.(labor)
..
rrlce nominal.
MH
'77*
100%
Texas 6s, 1892....i..M.AS
113
Cleve. A Pitts., consol., s.f.
4th mort....
do
7105%
91
46
47
107
Col. Chic. A Ind. C., 1st mort
12
105%
do
do
2d mort
1105
Michigan Air Line 8s, 1890
101%
40
82
32
Montclair A G. L.ist 7e, (new).
30
Rome Watert’n A Og..con. 1st
41
42%
101% St. L. A Iron Mountain, 1st m. 105!, 107% Mo. K.& Tex. 1st 7s, g., 19O4-’06
do
2d
m.
65
Income...
do
do
2d m..
10% 10%
104%
25
23
1*09
N. J. Midland 1st 7s, gold
115
St. L. Alton A T. H.,lst mort.
m
N. Y. Elevated RR., 1st m
64
do
2d mort.,pref..
89% 89%
92
•
42
70
46
Georgia 6s, 1878-’89.
110%
62
Int. H. A G. N. conv. 8s
10
Jack.L. AS. 8e,lstm..“white” tl04
Kal. Allegan. A G. R. 8s, gr...
99
70
Kalamazoo A South H. 8s, gr..
Kansas City A Cameron iOs... 1104
73
Keokuk A Des Moines 1st 7s...
do
funded int. 8e
80
101
Long Island RR., 1st mort. ...
104
Loulsv. A Nashv. cons. m. 7s.
90
do
2dm., 7s, g..
Ar Daw
•
76%
C
....
do
V
•
small
t!07% 108% Augusta,Ga.,7s. bonds...
tl05% 106% Charleston stock 6s
109
7108
Charleston, S. C., 7s, F. L.
Detroit Water Works 7s....4.. t!09% 110
80
Elizabeth City, 1880-1905
175
Lvnchburg 6s
do
1885-98
76
470
Macon bonds, 7s
Hartford 6s, various
104
107
....
Memphis bond* C
Bonds A and B
tl05
IndlanapollR 7-30s
Long Island City
+96% 100
Endorsed, M. A C. RR.
111
Newark City 7s long
+108
Mobile 5s (coups, on)
116
do
Water 78, long.... 1112
8s (coupons on)
102
tioi
Oswego 78
6s, funded
tno% 111% Montgomery, new 5b
Poughkeepsie Water
113
Rochester C. Water bds., 1903. till
New 3s
105
Toledo 8s. water, 1894-’94
Nashville 6s, old
100
Toledo 1-308.
t98
.....
6S, D6W
Y onkers Water, dne 1903
110
New Urbans prem. 5b..
Consolidated
6s
RAILROADS.
V
•
•
registered
.
Indianapolis A St. Louis 1 st 7s
Indlanap. A Vincen. 1st 7s, gr..
International ^Texas) !stg...
•
33
B, 5s
•
tioo
101%
tl05% 106%
do
let ex 1. g. 7s.
Grand River Valley Se, 1st m..
Houston A Gt. North. 1st 7s, g.
Hous. A Texas C. 1st 7s, gold..
do
West, dlv
do
Waco
do
consol, bds..
•
STATES.
....
#
7Lob‘
•
53%
....
103
109
7s, equip...
99% 100% Evansville A Crawfordsv., 7s..
Evansville
A
Hen.
Nashv. 7s...
103% 103%!
798% 99% Evansville, T. H. A Chic. 7s. g.
Flint A Pere M. 8s,Land grant.
~ Fort W., Jackson A Sag. 8s-, 89
Grand R.A Ind. 1st 7s, l.g., gu.
84
do
jst'18,1. g., notgu.
7110
•
•
(Brokers' Quotations.)
110
Erie A Pittsburgh 1st 7s
do
con. m., 7s..
•
•
72
80
7110
do
do
1. gr., Ce, g
Chic. A S’thwestern 7s, guar..
Cln. Lafayette A Chic., let m..
Col. A'Hock V. 1st 7s, 36 years.
do
1st 7s, 10 years.
do
2d 7s, 20 years..
Connecticut Valley 7b
Connecticut Western 1st7s....
Dan. Urb. Bl. A P. 1st m. 7s, g.
Denver Pac., 1st m.7s, ld.gr..g.
Denver A Rio Grande 7s, gold.
•
5%
58
•
....
Ch.St.P. A Minneap., 6e,g.,new
101% 101%
20
23
22
70
66
Miscellaneous List.
(Brokers' Quotations.)
Albany, N. Y., 6s, long
Water, long
Chicago 6s, long dates
do « 7s, sewerage
do
7s, water
do
7s, river lmprovem’t
Cleveland 7s, long
H2
33
29%
....
70%
do
ex coupon
Han. & Cent. Missouri, 1st m
Pekin Llnc’ln A Dec’t’r.lst m
Western Union Tel., 1900,cp...
do
do
reg
34%
101
785
A P. Peak, 6s. gold..
Boston A N. Y. Air Line. 1st m
Cairo A Fulton, 1st 7s, gold...
California Pac. RR., 7s, gold ..
do
6s, 2am. g.
Central of Iowa lstm. 7s,gold.
Chic. A Can. South 1 st m. g. 7s.
Chic. A East. 111. 1st mort., 6s
do
.2dm. Inc. 7s.
Chic A Mien. L. Sh. 1st 8s. ’89.
105
88
do
do
t
118% 119
116% 119
110%
72%
121% 122
121%
_
6s, new
6s, new series..
Virginia 68, old
6s, new bonds, 1866
6s,
do
1867
6s, consol, bonds
6s, ex matured coup
68, consol., 2d series
68, deferred bonds
D. of Columbia 3'65s, 1924.
•
2%
83
....
106%
Central Pacific gold bonds,
.
Quincy A Toledo, 1st m., ’90..
“do ex mat. A Nov.,’77,con.
Illinois A So. Iowa, 1st mort
1%
..
do
do
2%
• •
BONDS.
AND
106% Atchison
106
106
104
104
101
65
STOCKS
Buffalo
Cleve. P’ville A Ash., old bds 103
do
do
new bds
108%
110
Buffalo A Erie, new bonds...
103
Buffalo A State Line 7s
Kalamazoo A W. Pigeon, 1st 100
108
Det. Mon. A Tol..lst 7s, 1906
111
110
Lake Shore Dlv. bonds ......
do
Cons. coup.. 1st. 114
do
Cons, reg., 1st., 7111
ibis’
do
Cons, coup.,2d.. 7105
104
do
Cons, reg., 2d
Marietta A Cln. 1st mort
ii3
Mich. Cent., consol. 7s, 1902....
103
do
1st m. 8s. i882, s.f. 7107
do
equipment bonds.
New Jersey Southern 1st m. 7s
N. Y. Central 6s, 1883
.
do
6s, 1887
do
6s, real estate...
do
6s, subscription,
do A Hudson, 1st m., coup
do
do
lstm., reg.
Hudson R. 7s, 2d m., s.f., 1885
Canada South.. 1st guar
*3%
i*
CITIES.
88
....
sinking fund.. 7110%
new
10
Non-fundable bonds
Tennessee 6s, old
104
110
Great Western, 1st m.,18»b..
do
ex coupon
do
2d mort.,’93
2d mort., ExA Nov.,’77,coud.
.
....
do
2d mort. Inc’me
Belleville A S. Ill.R. 1st m. 8s
111% Tol. Peoria A Warsaw, 1st E.D
90
do
1st W. D
105
do
uuilingt’n Dlv
do
2dmori
consol.7p
do
103%
do P.Com.Kcpts,lst,E.D
101%
do
do
lst.W.D
do
2d mort..
do
do
Bur. D
107
107%
do 97
do 1st pref. Inc for21M
bonds, 1900
do ’
constructs 780
85
do
do
for cons’d
do
97
7s, of 1871
9-% Tol. A Wabash, 1st iu. extend
do
1st con. guar
89
90
do
ex coupon
do
Istm.St.L. dlv...
Del.AHud.Canal, 1st m.,’84 7'5
do
do 1891
101
do
ex-matured coup....
795
do
1st extended 7102% 103%
do
2d mort
do
do
eoup. is. 1894
Extended, ex coup..
99%
do
<10
9
equip’t bond6....
reg. 7s,1894
do
111
con. con vert
Albany A Susq. 1st bds
112%
d do
99
do
Ex.
7.
Aug..*78,A prev’s
.
.
ikT, c<'n«. puk
do San Joaquin branch
do Cal. A Oregon 1st .
do State Aid bonds
do Land Grant bonds..
Western Pacific bonds
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’dt
do
Land grants, 7s.
do
Sinking fund...
Pacific R. of Mo., 1st mort...
do
2d mort
do
Income, 7s.
do
IstCaron’tB
South Pac. of Mo., 1st m
Kansas Pac., 1st m.. 6s, 1895..
do
with coup. Ctf s.
do 1st m.. 6s, 1SS6
do
with coup. ctfs.
do 1st, 7s, Leaven.br.,’Sc
do
with coup, ctfs
do 1st, 7s,R.AL.G.D’d.’S9
do
with coup. ctfs...
do 1st m., 7s, I’d gr., ’80.
do
with coup, ctfs
do 2d mort.,7s. 1886.
do
with coupon ctf*..
do Tnc. cp. No. li on 1916
do Inc. cp. No. 16 on 1916
Ch.Rk.I.AP..s.f.lnc.6s,’95. 7108%
6s, 1917,coupon
109% I0f%
'68,1917, regist’d
109% 109%
Central of n. J., 1st m.,’90 7112
do
do
do
do
MISCELLANEOUS
Rena. A Saratoga, 1st coup .. 7115
do
lstreg.... 7115%
Cleve. A Tol.
Class 2
Cla8s3
Ohio 6s, 1881
103%
do
1886
103!*$ 104%
•
Cumberland Coal A Iron.
(Stock Kxchanue Prices.)
Boston U. A Erie, 1st m..
do
do
108
....
Atlantic A Pac. Tel
Am. District Telegraph...
Canton Co., Baltimore
American Coal
do
pref.
Ontario Sliver Mining....
104
106
8*
2
Special tax, Class 1
•
pref.
do
106%
106%
....
BellevllleASo. Ill.,pref.
Bt. L. I. Mt. A Southern...
8t.L. K. C. A NortU’n.pref
Terre Haute A Indjpolls..
UnitedN.J.R. AC.
Mariposa L. A M. Co
do
1868.
New bonds, J. & J
do
A. & O.....
106
Erie, 1st mort., extended
do
2d
do
7s, 1879
do
3d
do
7s, 1883
do
4th do
78, 1830
82%
7s, 1888
4% do 5th do
do
7s, cons., mort., g’d bds..
do Long Dock bonds
Buff. N. Y. A E. 1st.m., 1916...
136
Han. A St. Jo., 8s, conv. mort.
ih7%
Funding act, 1866
1023*
105%
•
80
40
40
30-
7s of 1888
..
101% 102
79^
31
.
Miscel’ous Stocks.
102%
....
108
43
28
April A Oct
Funding act, 1866
Land C., 1389, J. & J
Land C.. 1889, A. & O....
16
16
74
74
54
54
9
9
9
9
6s, old. J. <fc J............
do
A.A O
N.C. RR
J. & J....
do
..A.A €)....
do coup, off, J. & J..
do
do
off, A. & O.
105
do
do
74%
72
Asylum or Un.,due 1892.
Funding, due 1894-5...
Han. & St. Jos., due 1886.
*8% "9
do
.
74
Albany A Susq. ju b n s—
135
Harlem
Joliet & Chicago
Kansas Pacific
.
’93-4
■.
121
121
121
..
Ask.
Bid.
8II CUBIT IKS.
Rhode Island 6s, cp.,
South Carolina tts..
Jan. A July
113
113
do
1891
do
1892
68, do do
1893
do
68, do
North Carolina—
10
do
7s, 1890
Missouri 6s, due 1878
do
1882 or’83.
do
1886
do
do
1837
do
do
1888
do
do
1889 or’90....
do
do
102%
..
68
Michigan 6s, 1878-79
do
6s, 1883
%
109
101%
:oi%
Kentucky 6s..
do
t
101%
war loan...
Dubuque & Sioux City.
Erie pref
V.Y.]
r
6s, new
6s, new float’g debt.
7s, Penitentiary
6s, levee
8s, do
bs, do 1875
8s, of 1910
7s, consolidated
78, small
do
do
Ask.
New York State6s, gold, reg.... ifw;
6s, do coup.. 1887
68, do loan... ,1883
Louisiana 6s
• •
•
....
BONOS.
Ask.
8KOUBITIKB
8«„1883
8a,M.AE.RR..
8s, Ala. ACh.K.
do
do
do
Jo
__
sk.
Bid.
UUUJUTUS.
be.
77
190
11
20
81
30
-
116
25
15
40
-
88
32
27
10
40
1C0
•
•••
•
-
82
40
THE CHRONICLE
19,1878. j
October
LOCAL
NEW YORK
405
SECURITIES.
Bank Stock List*
Capital.
Companies.
Insurance Stock List*
Pbich.
Dividends.
Surplus
Net
at latest
)
are
a
not Nat’
America4.
Am.Exchi
Bowery...
100
10(
IOC
.
.
.
25
.
Central...
Chase
Chatham...
Chemical...
Citizens’....
IOC
City
100
Commerce
100
Continental..., 100
Corn Exch’ge* 100
25
25
Fifth
100
Fifth Avenue*, 100
First
100
100
Fourth....
.
....
Gallatin...
lst
Amount
188,000
250,000
UVIUIUU
Germania*..
Greenwich*.
25
25
40
Grand Centr
Capital.
Period 1870 1877
3,000,000 1,391,900
5,000,000 1,827,400
J. A J.
M.AN.
J. A J.
300,000
2,000,000
800,000
450,000
800,000
•
600,000
1,000,000 1,514,600 M.AN.
5,000,000 2,598,800 J. A J.
1,250,000 320,200 J. A J.
1,000,000 681,200 F.AA.
20,900
200,000
*
r
•
■»
-
July,'
Sept.
6
July,
To*
Jan.,
Aug.
6
10
12
12
Q-J.
J. A J.
M.AN.
A.A O.
F.AA.
7)6
July,
-July,
May,
Oct,
Feb.,
10
10
7
m
....
May.
May.
M.AN.
6
7
6
0
8
7
May/
May,
May,
July,
July,
2)6 May,
Z* Nov.,
0
„
,
,
,
,
.
,
42,200 J. A J.
189 BOO M.A.N.
Union
West Side4....’.' 100
J. A J.
nil.
337,500 J. A J.
725,800 M.AN.
78,200
200,000
.
.
.
,
.
.
8
•
•
•
•
8
10
9
J. A J.
8
May,
7)6 July,
0)6 July,
Jan.,
July,
duly,
0
May,
7)6 July,
8
July,
i*o*
....
Tradesmen’s...
9 9
r
9
City
e -
t
t
,
..
30
Commerce Fire
e
l00
Commercial
Continental....
50
ioo
Eagle
Empire City...
Emporium
ioo
.
.
05)6
’78. 3)6
.
.
t
f
(
t
t
-
-
T
t
.
.
3
3
3
’70.
3)6
t
-t «■
2i6
3)6
Jefferson.
....
123)6
.
.
80*
3)6
115
Lai’ayetteCBkn))
72
115
2*
Knickerbockerr
...
.
.
Lamar..
Lenox....
#
.
.
25
^Bklyn)
i.36
3)6 126
•
25
50
Manut'.A Build. 100
100
’
25
50
50
50
50
50
t
5
3
4
3
•
3)*
.
2)v
80
>rth River..
...
LOT
98
3
.
4
5
4
150
T
Kenrablic.
Ridgewood
••
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
do
certificates
25
20
1,C00
„
Harlem
50
20
50
100
Jersey City A Hoboken
Manhattan
Metropolitan
V-r.
Mutual, N. Y
do
100
bonds.
1,000
Nassau. Brooklyn
do
25
Ya
100
10
scrip
New York
.
People's (Brooklyn)
do
do
do
bonds..
do
certificates.
Central of New York
Williamsburg
do
1,000
Var.
50
50
Var.
100
scrip
Metropolitan, Brooklyn
Municipal.
100
Amount. Period.
Sterling
Stuyvesant
Tradesmen’s....
2,000,000
1,200,000
5
3
Var.
Var.
Ask
Apr ’78 130
July, ’78 00
3)6 Apr.,’78 00
3
Feb., ’78 35
140
JH July, ’78 145
5
June, ’78
5
AUg., ’78 105
3)6 Aug.,’78 100
1)6 Oct., ’78
320,000 A. AO.
1,850.000 F.AA.
389,000 J. A J.
4,000,000 J. A J.
2,500,000 M.A S.
1,000,000 iM.AS
5,000,000 Quar.
1,000,000 F.A A.
1,000,000 Var.
700,000 M.AN.
4,000,000 M.AN.
1,000,000 J. A J.
825,000 M.AN.
300,000 J. A J.
400,000 F.A A.
1,000,000 Quar.
Bid.
#
3)6 May, ’78
4
May,
3)6 JaD.,
3)6
3)6 July,
3
Aug.,
1)6 Juiy,
3)6 Jmy,
2H May,
07
42
150
155
’78
’70
75
16
90
’78
05
’78
’78
.
.
.
75
85
f
00
100
05
02
80
90
50
80
’78
’<8
1,500,000
[Quotations by H. L. Gbant, Broker, 145 Broadway.]
Bleeeker 8t.dk Fulton* erty—stk.
1st mortgage
1,000
Broadway db Seventh Ave—stk..
100
100
1)6
000,000
604,000 J. A J.
7
2)6
2,100,000 Q-J.
1st mortgage.
1,000 1,500,000 J. A D. 7
10 2,000,000 Q-F.
3)6
Brooklyn Ctty—stock
1st mortgage
1,000
800)000 M.AN. 37
100
Broadway {Brooklyn)—stock...
200)000 Q-J.
100
Brooklyn db Hunter's Pt—stock.
400,000 A. AO. 3
7
1st mortgage bonds
1,000
800,000 J. .A o
nun nun
Bushwick Av. (B'klyn)—stock..
100
ventral Pk., N.dk E. River—stk.
100 1,800,000
Consolidated mortgage bon«< s. 1,000 1,200,000 J. AD. 7
2
100 1,200,000 Q-F.
Dry Dock, E, B. db Battery—ells..
7
1st mortgage,cons’d......
500Ac.
900,000 J. A U
100 1,000,000 J. A J. 0
Eighth Avenue—stock
1st mortgage
1,000
203,000 J. A J. 7
2 d8t, db Grand St ferry—stock
100
748,000 M.AN. 0
1st mortgage
1,000
230,000 A.AO. 7
Central Cross loum- stock.
1st mortgage
...
1,000
1AA
500
100
mortgage
Second Avenue—stock.
3d mortgage
Extension
Sixth Aven.te- stock
1st mortgage
Third Avenue—stock
1st nwirtgAiMl*r*mto-thira Street—block
100
1,000
1.000
SOOAc.
J00
*.
...
.
1,000
100
1,000
100
600,000
200,000 M.AN.
500,000
1,199,500
150,000
1,050,000
200,000
750,000
415,000
2,000,000
-i ,000,000
600,000
250,000
J. A J.
Q.-F.
A.AO.
M.AN.
A.A O.
M.AN.
J. A J.
Q—F.
J. A J.
J A J.
vrufcN.
•
7
7
2
7
7
7
5
7
10
7
4
•
•
100
80
1888
July, ’78
05
86
101
June, *93
Ju y, ”78
1902
Aug., ’78
Jan., ’84 ioo
May, ’78 115
Apr., ’93 105
-
•
•
•
.
.
NOV.1904
1
130
115
1
July. ’7b. 5
90
Jan., ’7a
60
80
137)*
100
05
100
130
56
13®
176
b'6
130
no
—
.
,
,
...
,
ii6
155
135
i si
05
120
•
•
•
•
no
no
85
90
150
105
90
•
•
•
85
140
90
140
120
165
150
*05
115
120
240
115
TO
97
80
130
105
90
c
York:
Water stock
do
1854-5 (.
Croton water stock..1845-51.
do
do
..1352-60.
Croton Aqued'ct stock. 1865.
pipes and mains...
reservoir bonds
Central Paik bonds. .1858-57.
do
OO
..1853-65.
Dock bonds
1870.
do
Ib75.
Market stock
1865-68.
Improvement stock.... 1869
do
io
do
go
....1869.
var.
5
6
5
6
0
7
0
5
0
7
6
7
6
7
ig7
5*
Pbiob,
Months Payable.
Bonds
due.
Bid. As k
Feb., May Aug.A Nov. 1878-1880 100
do
do
do
do
do
do
do
do
May A November,
Feb.,May Aug.A Nov.
do
do
do
do
May A November.
May A November,
do
do
do
do
do
do
do
do
do
do
January A July,
do
do
1878-1879 10S
102
<890
1883-1890 108
1884-1911 104
1884-1900 109 s
1907-1911 107
1878-1808 101
1877-1805 100
110
100
1894-1897 117
105
1889
1879-1800 102
108
1901
1888
102*
1879-1882 102
108
1890
1001
1808
1804
100
102
102
108
100*
108
117
108
108
107
117
108
1 !8
10®
114
100
106
105
100
107
[Quotations by N. T. Bbbbs, Jr., Broker, 2)4 Wall st.]
•
Brooklyn—Local impr’em’t—
City nond*
dO
«,#»#••*••
Parjr bonds
Water loan bonds
•
•
9 mr» • •
Bridge bonds
...
City bond*
..
50
06
of bonds.
iso
«o
June, ’78. j o
Aug., ’78JO
July. ’78.10
20
July. ’78)l0
20
17)6 A ug.» ’78.5*72
20
18
Juiy. ’78. 0
10
5
50
July, ’77. 5
HO
10
5
Jan., »77< 5
25
25
July, ’78. 8
+1000510 0 80 11-45 1250 July, ’78.0-75
517.088 30
30
20
Oct., 78 10 i
102,439 14
14
14
July. ’7s! 5
50
—11,979 10
10
3
Jan., ’77. 3
110,105 15
15
20
Aug., ’78. 5
154.588 12)6 15
15
July, ’78. 7)6
90,509 19
15
12
July, ’78 5
10
45
13,rWt
10
10
July, ’77. 5
LOO
87,581 12
12
12
July, ’78. 5
45
—12,65^
720,101 ib
io
io
July, ’78." *5 '
079,800 10
30
30
July, ’78) 7
120,778 18
20
20
July. ’78. 5
55
821)1^7
40
40
Juiy, ’78. 7)6
10
10
Jut. ’78. 3)6 05
83,298 10
Ju
20
20
y, ’78. 7)6
137,207 20
10
10
590,219 10
July, ’78. 5
10
10
Tuly, ’78. 5
05,223 10
10
10
July, ’78. 5
1,179.042 10
10
10
19,135 10
J'Jy, ’78. 5
12
12
144,783 12July, ’78. 5
12
12
108,807 12
Julv, ’78. 5 1
10
13
41,245 J3
July, ’78. 5
10
10
+208,081 10
Fept. ’78 5
20
20
109,000 20
July. ’78.10 1
SO
10
10
Jau,. ’7«. 5
21,508 20
20
Ju v, ’73. 8
20
102,772 20
1
10
10
120,421 10
July, ’78. 5 1
10
Ju y, ’78. 5
10
51,804 10
■
20
20
+294,7.^0 10
July, ’78. 8 1
80
10
10
81,507 10
July, ’78. 5
11
Ju y, ’78. 0
12
201,431 10
I
14
20
227,280 14
July, ’78. 5 1
30
30
272,201 30
July, ’78.10 1
20
10
183,521
20
July, ’78.10 1
£3
10
10
54,308 10
July, ’78. 5
20
170,808 20
20
July, ’78. 8
1
20
18
114,891 20
July, ’78. 5
l
25
20
184,751! 20
July. ’78.10
10
14
115.830112
July, ’78. 5 I
20
20
332,142,20
July, ’78.10 1
20
17
170,985 20
Aug., ’78. 7
1
50
19,550
60
10
10
50,864110
July, ’77. 5
10
12
432,403i 10
July, ’78. 5 1
12
11
125,07l| 12
Oct., ’78. 5
1
30
20
418,974'30
July, ’78.10 2
20
20
103,500i 20
I
July, ’78. 0
20
20
207,114 20
July, ’78.10 1
20
112,290 20
18
July, ’78. 0 J
20
20
050,319 15
July, ’73. ft 1
11,201 5
8)6 3)6 Inn., ’77. 3)6
10
01,535 10
10
••
July, ’78. 5
10
10
+33,061 10
July, ’78. 5
13
73,072 LI
12
July, ’78. 5
25
20
200,231' 20
July, ’78.10 H
119,037 12)6 15)6 10
July, ’78. 8 ..
LO
10
Aug.,’78 5
10,411 10
|
169,443 11*0
11*55 L235 July, ’78.0-23 1‘
5
162/ 22 12)6
17)6 July, ’78. 5 H
0
[0
54,227 0
Aug., ’78. 5
|
10
10
July, ’78. 7
U
150,216 20
S!5
20
(uly, ’78. 5
181,242 20
R
0
0
237,000 6
July, ’78. 0 15
0
0
Aug., ’78. 5
100,307 0
1(
50
i
S50
414,028 S20
July, ’78.10 H
Rate.
7 kv>
00
-
’78. 7
’78. 5
INTBBKBT.
102
110
eo
’78. 5
’78. 8)6
[Quotations by Danikl A. Moban, Broker, 40 Wall Street.]
var.
100
88
102
Bid. Ask*
City Securities.
var.
52)6
10
8
10
20
20
20
July.
JulyJuly.
July.
10
15
15
10
4
10
20
20
20
20
•
Over all liabilities, Including re-lnsurance. capital and scrip,
t Inclusive of
:rlp.
Figures vith a iniuus sign before them show that the company m
j, □paired to that extent.
Consolidated bonds
180
110
150
85
10
25
15
Pbio*.
Last Paid.
g
Street Imp. stock
do
do
New Consolidated
Westchester Connty
20
90
July, ’94 85
50
Apr., ’78
Apr., ’85 *05 100
May, ’88 82)6 85
85
Oct., ’83
05
May, ’77 55
July, *00 105 115
Aug.,’78(100 110
100
July, *00 05
Aug.,’78 05 100
100
105
Mhv, *93
7
mortgage ....
1,000
'This column.shows last dividend on stocks, but the date of maturity
40
200,000
200,000
300,000
200,000
200,000
200,000
200,000
200,000
300,000
200,000
200,000
150,000
250,000
300/ 00
250,000
00
101)6
•
1.000,000
68
93
Oct, ’78 05*
June, ’84 100
Aug., ’73 175
Nov., ’80 104
July, ’78 1.35
Oct., ’76 70
.
•
25
July,^78
J Iy,10OO
S
•
102
73
302
05
91
80
ic2
95
00
85
sp July, ’78
1,000,000 J. A J.
1,000,000 M. AN.
140
70
,
500,000
350,000
200,000
200,000
150,000
150,000
100
25
25
25
10
50
l
M
300,0(0
itgi
leg uard.
St..Nil
Nicholas.... 25
Standard
50
Star
100
I
Date.
«nn nnn
100
50
25
25
100
20
50
50
100
50
100
100
25
100
agara
....
...
3)6
200,000
210,000
200,000
inn
_
3
4
5
3
200,000
200,000
35
100
•
80
3
150.000
200,000
200,000
37)6
.
,..t
.
W
40
.50
100
Hard
75
^
30
LongIsl.(Bkn.)
...t
4
4
3
3
3)6
100
.
Kings Co.(Bkn)>
....
124
li'0,000
500,000
200,000
200,000
200,000
150,000
280,000
150,000
200,000
150,000
200,000
300,000
200,000
21*0,000
200,000
50
.
125
70
.
Importers’* T..
Irving....
,,,,
122
55
25
50
.
Howard..
a-
100
.
Hope
....
4
’78. 5
’78. 3
Hoffman
Horae
■
3)6 10*5
6
Par.
200,000
150,000
500,000
200,000
3,000,000
.
I....
132)6 136
[Gas Quotations by George H. Prentiss, Broker, 30 Broad Street. ]
X
200,000
.
202
Railroad Stocks and Bonds.
+-»
500,000
200,000
.
.
5 The figures in this column are of date October 1st for the National banks, and
Sept. 21 for the State banks.
Gas Companies.
1,000,000
.
1
Gas and City
200,000
200,000
204,000
150,000
150,000
200,000
.
....
....
’78.
’78.
’77.
’77.
’78.
’78.
’77.
.
30
50
17
10
10
.
.
7
4
3
5
4
’78.
’78.
’78.
8
Aug., ’78.
3
Jan., ’77.
6
July, ’77.
July, ’74.
ii July, ’78.
12
Aug, ’78.
0
duly, ’78.
10
July, ’78.
0
July, ’78.
July, ’74.
6)6 Aug., ’78.
6)6 Aug. ’77.
3
July, ’78.
10
July, ’78.
10
Juy, ’78.
7
July, ’78.
7
May, ’78.
3
Jan., ’78.
0
Jan., ’78.
8
May, ’78.
8
July, ’78.
ioo
.
.
....
....
300,000
200,000
200,000
Firemen’s.
d
Firemen’s Fund
Firemen’s Tr
ioo
Franklin
German-Amer. ioo
50
Germania.
50
Globe
25
Greenwich....
100
Guardian
Hamilton
15
Hanover
50
70
’74. 3
’78. 5
’77. 0
*78. 3
.
1,000,00
40
.
Exchange..
Farragut...
150
of date
1st
.
....
95
130
110
17
20
.
Clinton...
Columbia
•
25
.
Citizens’.
9
_
75
July, ’75. 3)6
Jan., ’76. 5
9
.
200,000
800,000
9S6.300
40 1,000,000
50 1,200,000
*
117)«
Jan., ’77. 3
July! ’78. 3)6
....
...
1001
100
100
T
195
’73. 3
"78 3
’78. 5
July, ’78.
July, ’78.
6)6 Jan., ’78.
12
July', ’78.
8
Aug, ’78.
....
..
Bowery...
Broadway
Brooklyn
•
•
t
ib0
loo
.
...
3
7
14
8
...
Third
r
r
t
Dividbnds.
1875 1870 1877
28,31? 10
200.00C
13,081 14
200,00C
400,00C +500.901 15
73,770 10
200,OOC
517 8
200,OOC
78,042 10
200,00C
300.00C 415,501 30
200,000 307,980 20
153,000 200,780 30
300,000 +403,435 20
178,040 20
210,000
145,720 20
250,000
2,022 10
300,000
10
200,000
172,204 20
200,000
Atlantic..
....
nil.
1C0.000
22,700 J. A J.
8
Grocers4....
300,000
Hanover
168,100 J. A J.
100 1,000,000
3
Imp. A Traders' 100 1,500,000 1,763,200 J. A J. 14
50
500,000 114,000 J. A J. 10
Irving
Island City*
50
7,900 J. A J.
100,000
Leather Mam
100
600,000 412,300 J) A J. 12
Manhattan*.
0
50 2,050,000 1,019,300 F.AA
Manuf. A Mei.
20
4.0(H) J. A J.
100,000
Marine
5
100
74,500 J. A J.
400,000
Market
8
100 1,000,000
284,100 J. A J.
Mechanics’
25 2,000,000
919,800 J. A J. 10
Mech. Assoc’n. 50
3
89,600 M.AN.
500,000
Mech’ics A Tr. 25 600,000
9
89,900 M.AN.
8
Mercantile.
184,200 M.AN.
1,000,000
Merchants’.
8
719,900 J. A J.
50 2,000,000
Merchants’ Ex. 50 1,000,000 218,000 J. A J.
8
Metropolis*.. 100 500,000
40,200 J. A J. m
Metropolitan.. 100 3,000,000 857,400 J. A J. 10
Murray Hill*.. 100 100,000
85,300
Nassau*
100 1,000.000
68,300 M.AN.
0%
New Yora
100 2,000,000
673,100 J. A J. 10
N. Y.County.. 100 200,000
79,200 J. A J.
4
N. Y. N. Exch. 100
75,700
300,000
3)6
Ninth
100
38,300 J. A J.
0
750,000
No. America*.. 70 700,000
55,500 J. A J.
7
North River*.
50
84,500 J. A J.
240,000
Oriental*
25
104,400 J. A J. *12
300,000
Pacific*...
50
422,700 217,700 Q-F. 12
Park
100 2,000,000
297,300 J. A J. 10
Peoples’*
25
142.500 J. A J. 10
412,500
Phenlx
7
1,000,000 138,700 J. A J.
Produce*....
100
4,100
200,000
Republic
100 1,500,000
284,000 F.AA.
Bt. Nicholas.,.. 100 j
8
36,100 F.AA.
1,000,000
Seventh Ward. 100 300,000
0
48,900 J. A J.
Second
12
100
A
J.
J.
07,800
300,000
Shoe A Leather 100 1,000,000 232,000 J. A J. 11
Sixth
State of N. Y.
100
1501
’78 3
’78 15
’78 3
’78 5
*78. 4
’70. 3
’78. 5
’78. 3)6
’70 3
6)6 July,
To* July,
Oct., 77, 3)6
7)6
Q-J.
Amity..
100
1878.*
Amount
Adriatic..
./Etna. ...
American
V
b
American Exch
•
July,
,3)6
10
Nov.
7
3
10
■
July, ’78
Par
rit
July, ’78
July, *77
Juiy, ’78 3)6
0
100
20
J. A J.
J. A J.
•
•
129
102
4
3
5
8
4
5)6 May, ’78
12
16
8
8
32.70C J. A J
8
343.50C J. A J.
23.20C
168,100 J. A J. 10
3,220,800 Bi-m’ly 100
8
160,900 J. A J.
.
July ’78
Surplus
July 1,
Companies.
Bid. Ask.
Last Paid.
8
0
7
12
68
10
1,000,000 1,144,80C J. A J.
60,800
250,000
8,500
100,000
47,400
150,000
100,000 143,800
500.000 1,277,400
3,500,000 887,800
446,300
600,000
50 1,500,000
055,000
100
43,10u
750,000
100
200,000 -—49,200
100
48,700
200,000
.
Fulton
dates. §
7
7
7
7
7
6
6
7
•
January A July,
do
do
do
do
ao
lo
lo
do
do
do
do
do
May A November.
do
do
January h July.
Park Ronds
do
Bridge,
do
10®
114
118)6 121
118H 121
1915
11H* 121
1902-1005 108
100)4
107
1881-1895 104
108
1880-1883 103
1878-1880
1881-1805
1915-1924
1003
101
J05
1880-1&65 102
109
707)6 109
1924
1007-1910 107)6 110
•AH'Brooklyn bonds flat.
[Quotations by C. Zabbiskib, 47 Montgomery St., jersey
_ey
„
Water loan, long
do
Sewerage bonds
1869-71
1866-69.
Assessment bonds... 1870-71.
Improvement bonds..
Bergen bonds
1868-49.
January A July.
January A Juty.
do
do
Jan., May, July A Nov.
J. A J. and J A D.
January and Juiv
City.]
101
1895
1899-1002 107),
1878-1879 100
1878-1870: UK)
1801-04 100
105
1900
109
103
101
101
107
10®
406
THE (’HRONIOLE5
Traveling
incidentals
Loss and damage
AND
<•
sufficient number is printed to supply regular
Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
only
a
subscribers. One number of the
in that
shape.
ANNUAL
r
Receipts from all
repairs
on
a
on
bonds sold and
company’s buildings
Paid interest
Leaving
claims, discount
“
“
“
“
26,476— 39,910
balance of
$233,375
of
$513,681
$427,242
was...
200,643
have the actual debt of the company
$226,598
Of the above $200,643 assets, $11,941 is cash
deposited with
banks and bankers, and cash items, $135,660 is cash in the hands
of trustee,
for the redemption of mortgage bonds. The remain¬
der, amounting to $53,042, is shown in the secretary and treas¬
urer’s report of the financial condition of tlia
company, all of
which, with the exception of some items due by individuals for
rents, &c., amounting probably to about $1,000, is worthless, and
was so reported
by me last year, and which the committee on
reports at the last annual meeting recommended that the finance
committee be empowered at their discretion to
charge to profit
and loss, which report was adopted
by the stockholders.
The finance committee, however, have not as
yet carried the
resolution into effect. I would again recommend that these
assets, known to be worthless, be charged to profit and loss, as
they are calculated to deceive the stockholders in showing the
actual debt of the company.
In the amount $427,242
(debt of the company) is included
$120,000 dividend declared, but not due until September 15, 1878,
which will be paid out of the semi-annual rent due
July 1st,
1878.
MORTGAGE.
......
$790,000
634,692
SINKING FUND.
has paid during the year to N. H. D. Wilson, trustee
$29,173
The securities deposited by the Richmond & Danville Railroad
Company, as collateral to secure the payment of the lease money,
consist of $70,000 of 1st
mortgage bonds of
Danville Railroad Company and $208,000 1st
the Richmond &
mortgage bonds of
the North Western North Carolina Railroad
Company.
All coupons due on the $70,000 Richmond & Danville Railroad
mortgage bonds have been cut off and canceled, and all the
coupons due ou the entire $500,000 1st mortgage bonds of the
North Western North Carolina Railroad
Company (of which the
$208,000 on deposit is a part; have been cut off and canceled.
The deposit in its present shape is deemed sufficient for its
requirements. The report of the finance committee shows in
detail the condition of the sinking fund. The board of
directors,
some time
past, instructed the trustee to convert his assets into
cash and pay off the ten-year bonds now past due.
FINANCIAL CONDITION NOW AND ONE YEAR AGO.
The debt of the company reported and entered on the books of
the company on the 31st day of
May, 1877, as shown by the
books of tlie secretary, was $513,681, to which add
$27,918 of old
-debts not reported and entered on the books of the
company, but
which have be^n paid during the year, and we have the total
debt on the 31st day of
May, 1878, $541,600; to which add
$240,000, a dividend of six per cent declared on the capital stock
of the company by the board of
directors, January 30, 1878, and
we have the debt of the
company $781,600, of which amount there
has been paid during the year $354,357,
leaving the debt of the
company, as shown by the books of the secretary, on the 31st day
of May, 1878, $427,242, which amount
may be reduced by assets
$200,643, leaving a balance to be paid of $226,598.
The general exhibit of the business of the
company for the
fiscal
;
shows
a
decrease of the debt of the company of
The total bonded debt of the
company under the
which amount $81,500 is in ten-year
$291,500, of
$210,000 is in twenty-year bonds.
STATEMENT
SHOWING RECEIPTS AND EXPENDITURES OF
COMPANY FOR THE FISCAL YEAR ENDING MAY
mortgage is
bonds and
THE
N.
C.
$271,709
Rent
Real estate.
318,200
11,116
8,363
12, HO
424
United States
State N. Carolina...
bills receivable
N. H. D. Wilson, trustee
210
11,683
3,17t
185,660
5,: 63
1,700
10,241—
20\643
$5,452,021
Maryland Railroad.
(For the year ending September 30, 1878.)
Baltimore American furnishes the
following abstract of
president’s annual report of this company, which is of more
pamphlet report will probably not be ready for
interest since the
some weeks:
operations of the road.
The
following statement of the operations of the road is for the
ending September 30, 1878:
♦The gross
From
From
From
From
From
earnings have been
:
passengers
freight and
milk and
mails
$140,925
express
marketing.
180^773
'
17,931
6,093
1,474
;
miscellaneous
sources
Total
...
The
operating expenses
Expenses transportation department
$121,733
Expenses machinery department
Expenses road department
General expenses
35,070
45,072
15,398
r.
Total
...$217,275
,
Net
The
earnings
~.
earnings,
compared with 1877,
as
...
are as
follows:
$4,263
33,086
2,217
marketing
Decrease from miscellaneous
$129,925
.
Increase from passengers
Increase from freight and express
Increase from milk and
Decrease from mails
$347,201
were :
129
sources.
4,321
Total increase of earnings
The expenses, as compared with 1877, are
as follows:
Decrease in expenses transportation department
Decrease in expenses machinery department
Decrease in expenses road department
Increase in general expenses
.
....
Total decreaee of expenses
Increase in net earnings
.-
$15,115
$1,127
2,523
246
3,231
$2,065
$17,788
DETAILS OF THE BUSINESS OF THE
ROAD.
The above statement of gross
earnings, $347,201, does not
include $29,317 earned upon the tracks of other roads east of
Fulton Station, the “ trackage ’* or tolls paid
by this company
being identical with the rates charged the public for the service,
and being full for such service, there was
source
to credit to
nothing from this
earning of this company, and in consequence
was treated as a "division ” o>
joint business
the whole amount
and excluded from the aforegoing statement. In 1877 the
amount
so earned and paid over was
$23,214, and in 1876 $25,486.
As compared with other
years, the increase in revenue has
been as follows:
1877, $15,115,
4 55-100
per c?nt; 1876, $35,299, or 11 31-100
18 21-100 per cent; 1874, $69,409, or
24 98-100 per cent; 1873, $128,817, or 58 99-100
per cent; 1872,
$159,008, or 84 49 100 per cent; 1871, $176,272, or 103 12-100 per
cent; 1370, $209,232, or 151 65-100 per cent.
or
percent; 1875, $38,483,
or
There were moved during the
year $368,956 passengers and
136,021 tons of freight, making an increase over 1877 of 29,845
passengers and 4,654 tons of freight.
The performance of the
Transportation Department for the
year was equivalent to the movement of 7,411,061
passengers
and 5,180,982 tons of freight a distance of one
mile, as against
6,582,241 passengers and 4,692,089 tons in 1877.
CONSTRUCTION AND EQUIPMENT.
During the
year important progress and
been made in strengthening the
large expenditures
equipment, increasing
depot, siding and other facilities, substituting steel for iron rails,
introducing permanent structures for temporary or perishable
ones, ballasting with stone, increasing excursion facilities,
&c.,
&c.
In this manner $72,870 of the net
earnings have been
applied, and it will be found advisable to pursue the same course
for several years to come, in order to
place the road under the
most favorable conditions for safe and economic
operation.
have
THE PREFERRED BONDS.
The matter of the purchase by the
city of the second preferred
bonds of the company, which has
already been brought to the
attention of the Mayor and City Council and the
R.
31, 1878.
RECEIPTS.
L*aee of North Carolina R. R. $260,000
Interest
11,709
26,000—
cash—currency
The company
year
74,700
19,500
....
Amount of bonds issued under the mortgage
Cash and bonds paid into sinking fund
$86,439.
supplies
$4,933,178
$204,000
Western
year
meeting
$273,495
RESOURCES.
cash—Notes of J. G. Moore and A. & 0. R. R. Co
The
DirBT OF THB COMPANY.
we
“
the
This amount, $233.3’75, has been applied to the sinking fund and other
purposes, iully shown in detail in the report of the treasurer.
And
“
“
$273,286
$6,445
6,989
The total debt of the company reported at last annual
The debt of the company now is
From which deduct amount of assets
“
freight exchanges
endiDg
debt
on
individuals
“
“
sources
Expenses for the year
Paid in settlement of old
“
“
“
year
233,375
30,408
“
“
Railroad.
(For the year ending May 31, 1878.)
The annual report has the following for the fiscal
May 31st, 1878 :
354
more than
expenses
PROPERTY AND
.
Carolina
since lease
Balance, receipts
Cost of construction, equipment and real estate
Amount sinking fund (old)
*
“
Chatham railroad stock
“
North Carolina railroad stock
“
Northwestern N. C. R. B. stock
“
due from station agents
“
v
“
other companies..
■
North
892
462
.3,397
2,446
Legal expenses
Int., premiums and discounts
REPORTS.
40
$1,899 Repairs of Co.’s buildings
Salaries
The Investors’ Supplement is published on the last
Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
as
EXPENDITURES.
Tax account
and other
Advertising and Stationery...
STATE, CITY AND CORPORATION FINANCES.
office,
expenses
itol. xxvn.
618
958
$273,266
City Finance
Commissioners, has much to commend it, and the directors on the
part of the city will be prepared at the proper time to present the
matter and show the important
advantages the city may thus
gain.
October
19, 1878.]
THE CHRONICLE.
407
408
THE CHRONICLE!
[Vol. xxvn.
interest to you, we retain a
part for ourselves, and substitute the part
The News says: “ From these
retained for a part of what we
expressly promised you.” Thus applying the
figures it would appear that the
ordinances to the contract, it becomes a
very different thing from what it was
guaranteed and preference stocks together
when it was made, and the
represent about 35
change is effected by legislation, by ordinances of cent of the whole
the city, enacted under asserted
capital expended. These stocks are secured per
authority
of
laws
passed
by
the
Legislature.
by
That by such legislation the
obligation ot the cont act is impaired is evident £265,000,000 of ordinary stock already expended.
In other
enough, unless it can be held there was some implied reservation of a
words,
£237,000,000
of
guaranteed and preference stock
right
In the creditor to change its
may be
terms, a right reserved when the contract was taken, as far as
made—unless some power was
security ip concerned, as representing the total
withheld,
not expressed or disclosed, but
which entered into and limited the
capital of £500,000 009 actually expended. So far as the
express
But how can that ment of
apportion¬
bet
How an express contract can containundertaking.
revenue of the
an implication, or consist with
railways is concerned, the preference
a reservation
directly contrary to the words of the instrument, has never yet stocks last year received
been discovered.
£10,604,000 of dividend; but before the
whole of their securities could have
It has been si Tenuously argued on behalf of the
been exhausted, the dividend
defendant that the State of
8outh < aroiina and the City Council of Charleston
possessed the power of taxa¬ paid on the ordinary stock, amounting to £11,948,000,
tion when the contracts were
would
have to be entirely
made; that by the contract tne city did not
swept away. The net revenue available for
Bnrrender this power; that, therefore, the
contracts were subject to its
the dividend on
pos¬
sible exercise; and that the city ordinances were
£237,000,000 of preference stock is thus rather
only an exertion of it. We more than
are told that the
power of the State to impose taxes upon the
£22,000,000,
or more than double the amount of
subjects
within
divi¬
It8 jurisdiction is unlimited (with some few
dend which they now
exceptions),
and
it
that
extends
receive.
This is a very large
to
everything that exists by its authority, or is introduced by its
margin of
permission. security, and the consideration of this fact
Hence it is inferred that the contracts of the
should tend greatly to
City
were made
increase the value of
with reference to this power and in subordination toof Charleston
it.
English railway preference stocks. It is
All this may be admitted, but it does not
not
meet the case of the defendant.
surprising, when such facts are remembered, that these
We do not question the existence of a State power to
levy taxes as claimed, stocks are largely sought after
nor the subordination of contracts to
by persons desiring a safe invest¬
it, so far as it is unrestrained by constintional limiiation. But the
ment, and that their yield, from present market
power is not without limits, and one of its limit¬
prices, should be
ations is found in the clause of the Federal
Constitution' that no State shall
something below 4 per cent. Included in this amount of
prefer¬
thea most
£ass
law impairing
iheadopt“d
obligation
of contracts.
Attempted State taxation
frequently
to affect
contracts contrary to the Constitu¬
\
tional inhibition. It most
frequently calls for the exercise of our supervisory
power. It may, then, be safely affirmed that no tetate
by virtue of its taxing
power, can say to a debtor, “You need not pay
your creditor all that you have
promised to him. You may satisfy your duty to him by
retaining a part for
yourself, or for some municipality, or for the State
Treasury.” Much less can
a ci y say. "We will tax our debt
to you, and in virtue of the tax withhold a
part for our own use.”
The truth is, States and
c'ties, when they borrow money and contract to pay
It with interest, are not acting as
sovereignties. They come down to the level
of ordinary individuals. Their contracts
have the same meaning as that of
Similar contracts between
private persons. Hence, instead of there being in
the undertaking of a State or
city to pay, a reservation of a sovereign right to
Withhold payment, by tax or
otherwise, ihe contract shorn d be regarded as an
assurance ihat such a
right shall not be exercised. A promise to pay, with a
reserved right to deny or
change the effect of the
is an absurdity.
Is, then, property which consists in the promisepromise,
of a State or of a munici¬
pality of a State beyond the reach of taxation We do not affirm that it is.
A State may,
undoubtedly, tax any of its creditors within its jurisdiction for
Ihe debt aue to him. and
regulate the amount of the tax by the rate of inter¬
est the debt bears, if its
promise be left unchanged. A tax thus la d impairs
no obligation assumed
It leaves the contract untouched.
But until the
payment of the debt or interest has been made as
stipulated, we think no act
of eitate sovereignty can work an exoneration
from what has been promised to
the creditor, namely, payment to
him, without a violation of the Constitution.
“The tiue rule of property founded
on contract with the Government is this:
It must, be first reduced iuto
possession, and then it will become subject, in
common with other similar
property to the right of the Government to raise
contribution upon it.”
Mr. Justice Strong delivered the
opinion. Justices Miller and
Hunt dissented, taking the
ground that the contract was entered
into subject to the general
power of the city to tax.
ences
are
what may
be called guaranteed stocks.
These
securities are especially secured
by the diffejent railway compa
nies by which
they have been issued. Theoretically, therefore,
they should be even more secure than the
preference stocks,
inasmuch as all the dividends
paid on the preference must be
exhausted before the dividends
paid on the guaranteed stocks
can be affected.
The following shows the
proportion of guaran¬
teed and preference
stocks, with the respective rates of dividend:
Rate of Interest or Dividend.
Nil..
Not above 1 per cent
Above 1 and not over 2 per cent.
do
2
do
s
do
do
3
do
4
do
do
4
do
5
do
do
5
do
6
do
do
6
do
7
do
do
7
do
8
do
do
8
do
9
do
do
9
do
10
do
do
10
do
12
do
Guaranteed
Ain’t of
-
Preferential
Capital. Ain’t of
C
ipital,
£10,420,253
.
11,070
424.530
101,180
6,408,175
22,4 9.587
42,793,838
118,174,378
1,220,977
680,570
4,160,890
549,825
297,503
■
'
603,240
213,000
Total
£.63,682,448
i l
It will be noticed from
thejabove table that it includes a
considerable amount of preference
capital on which no dividend
is paid, as well as a small fraction of
guaranteed stocks also
receiving
no interest.”
Another statement shows the amount of
stock
issued by the
various companies in the United
Chicago & Lake Huron.—Judge Baxter, of the U. S. Court in is
Kingdom on which no dividend
paid. The News says of this that it represents a total of over
Michigan, Las appointed an attorney to advise the receiver, this
Attorney to be charged with investigating and reporting upon £10,009,000 of stock, and it has below it the expenditure of
whose authority the certificates of indebtedness issued
considerably more than that amount represented by ordinary
by the stock, on which, of
receiver was issued, whether issued in pursuance of
course, no dividend is paid till its claims are
authority
granted in good faith, and whether, in his opinion, any portion saiisfied. Some of these stocks—that is, those which were issued
before 1863—are entitled to arrears of
of them was for any cause invalid.
He would further ascertain
dividend, but by the
Companies
Clauses Act of 1863 (26 and 27 Viet.,
if there were any other
outstanding liabilities against said
118) it is
receiver, and, if so, how much and to whom they were due. He especially provided that a deficiency in the dividends of any one
year shall not be made up in
would also report the gross
subsequent years, except special
earnings of the road while in the
provisions to that effect be enacted. A large amount of these
liands of the receiver, and how the same had been
applied. The preference
stocks, which are in default, are held by advance and
attorney is vested with all the powers of a special master, and
finance
should have free
said receiver. If
associations.
to all the books and other
papers of
he found that any
moneys had been misap¬
report by whom, and recommend such prosecu¬
access
Grand Trunk Railway of Canada.—A circular from the
Secretary of the Grand Trunk Railway Co. of Canada, addressed
tion, either civil or criminal, as he might deem proper under the to the proprietors
and shareholders, contains the following:
circumstances.
The parties are
I am instructed by
required, with all possible
the directors to forward to you, with
dispatch, to bring the case to a final hearing.
reference to Mr. McEwen’s recent
circular, a memorandum
—Incidentally, the claim of the Port Huron & Lake Michigan of facts and statements
concerning
the
through traffic of the
bondholders to an equitable lien on the
plied, lie should
“
section of the line
came
up
in the
Chicago & Northeastern
of the proceedings.
course
The Court granted leave for their counsel
to
file
a
cross-bill
against the Chicago & Northeastern, which will bring up the
whole question concerning the
building of that road and where
'
the money came from with which it was built. Counsel also
asked for the appointment of a receiver for that
road, but argument on this motion was
postponed until the
present week.
Denver South Park & Pacific.—This railroad is now comopen for business to Bailey, in Park county, Col.,
54 miles from Denver, and 47 miles from Black Creek
Junction,
•where the extension leaves the old line to
Morrison, which was
built several years ago.
The nine miles from Black Creek
pleted and
Junction
to
Electric
Morrison
are
retained
as a
branch.
Light.—The Edison Electric Light Company filed its
certificate of
incorporation in the County Clerk’s office, New York
City, on Thursday. The object of the company is the production
of light, heat and power by
means of electricity.
Its capital is
$300,000, and tbe incorporators are Tracy R. Edison, James H.
Banker, Norvin Green, Robert L. Cutting, Jr., Grosvenor P.
Lowery, Robert M. Gallowav, Egisto P. Fabbri, George R. Kent,
George W. Soren, Charles F. Stone, William G. Miller. Thomas
A. Edison, and George S. Hamlin.
English Preference and Guaranteed Railroad Stocks.—
The London Railway News, in an article on the
subject of loan
and debenture stocks, gives the full amount of
capital expended
on railways in the United
Kingdom as £674,059,048, which is
made up as follows:
Amount.
Ordinary stock
Guaranteed and preference
Loans and debenture stocks
£2r 5.041,23
237,048,15
_
...
Proportion to
total capital,
-
per cent.
39
35
26
company.
“
The director? regret that the
question thus raised by Mr. McEwen should
form a subject of discussion at the
present time, when most important nego¬
tiations are being carried on in Canada and the United
States,
“If these negotiations should
prove, as the directors hope, successful, a
greatly-increased value would at once be imparted to the
through traffic; and
in any case it is for the best interests
of the company that the directors should
Ve cordially supported in
carrying on these negotiations, and that there
should be no division of
opinion, tending to encourage opponents, at a
moment when special efforts are
being made to secure to the company sub¬
stantial benefits by an equitable division of the traffic
which has formed the
subject of
so
much competition between the various railway routes.”
Mr. McEwen’s circular proposed that the
company should
abandon its unprofitable through traffic and trust hereafter to
the
growth of local business in Canada.
The “memorandum” referred to is headed “ Facts and
state¬
ments concerning through traffic,” and Sir
Henry Tyler states,
with respect to the circular of Mr.
McEwen, that—
“The board has received from Mr. McEwen
about one-eighth, of the proprietors,
preference and ordinary stocks of
nominal amount of such stocks.
requisitions from 1,011, or
representing.holdings in the debenture,
£3,130,000, or about one-eighth of the
The third preference and
ordinary stocks
represented by the requisitions amount to £2,300,(00 out of the total £3,130,0G0. Some others of the proprietors, in
returning the forms of requisition to
the Grand Trunk office, or to Mr. McEwen, have
expressed their dissent in
term? of a highly disparaging character.”
“Theuueetion thus raised (Sir Henry states) is
an exceedingly important
one, and it has long received the continuous and anxious attention of the
board. It formed also the subject of a special and
lengthened investigation
by the board in the early part of the present year, with the assistance of Mr.
Hick?on, who was, after full conference with the other officers of the com¬
pany. brought over from Canada, for the very purpose, to a large extent, of
exhaustively discussing the company’s position in regard to the through
traffic. The rates obtained, and the relative value of them to the
company,
may be well appreciated by a perusal of the following extract from my
speech from the chair at the half-yearly meeting of shareholders on the 29th
April las
:
“‘Looking back to the experience of the last
average earnings per
-
six years, we find that the
ton per mile in the December half-years from 1872 were
follows; - 1872, 1 33 cents, or say0*70d.; 1873,1-44 cents, or
0*72d.; 1874, 1*10
cents, or 0 55d.; 1675, 1*00 cent, orO'oOd.; 1676, 0*75 cents, or 0 38d ; 1877, ff80
cents, or 0*40d.; and the number of tens moved one mile was: 1672, 221,090,as
October 19,
000 ton*.; 1873.
and
1878.]
THE CHRONICLE
233,CCO,000; 1874, 332,000,000; 1875, 342,000,000; 1876, 377,000,000;
So that we have, you flee, been in the
disagreeable
Orange Alexandria & Manassas.—The interest on the first
mortgage funded bonds of the Orange & Alexandria Railroad
Company to 1st May, 1878, and on second mortgage funded bonds
to 1st July, 1878, will be
paid at the Receiver’s office in Alexan¬
dria, Va., on presentation of the bonds.
1877, 435,000.000.
Sositlon oftime
continually
and oflargely
increasingfortheirsvolume
of our business at
that the rate
remuneration
transport has proportion¬
io same
ately decreased.’
*
* * ‘It is not an increase of
freight traffic that is
much as we could desire, and sometimes more than
we
can carry. It is not the means of
conveyance that are wanting; we are able, as
you observe, to carry enormous and continually
increasing quantities. It is
the one element of ‘rates’ that weighs us
down, and prevents us from paying
dividends, as we ought to do if those rates were
reasonable, upon all our
stocks.’ ”
wanted;
-
have
we
as
Indianapolis & St. Louis.—It
Pittsburg Cincinnati & St. Louis.—The following is an
approximate statement of results in the operations of the Pitts¬
burg Cincinnati & St. Louis Railway Company for the nine
months ending September 30, 1878 :
is stated, we know not Low
authoritatively, that this road is paying its current indebtedness
monthly and placing all surplus ^moneys in bank until matters
are
adjusted, and that the trustees will allow the interest due
January 1, 1879, to default, should no settlement of the trouble
Gross receipts
Expense*
St.
railroad
was
Louis,
Jos. Seligman was elected
president.
short time since and bid in
This road
was
percent on the bonds.
Sept. 30, 13*6, 1877 and 1878, respec¬
tively, were, $60,951, $G8,245 and $85,679. The bulk of the
earnings is from railroad traffic, the highway tolls being about
$9,800 a year. 'I he disbursements of the bridge
tmmpany for the
last year were $81,470, of which
$61,745 was for interest, $6,892
for salaries, $4,059 for
repairs, $ 1,482 for expenses, $2,809 for
dykes for protection, and $2,480 for taxes and insurance. The
bulk of the earnings
goes to pay interest on the debt, which is
$800,000, drawing 7 per cent interest.
Missouri state Finances.—The following is the State Treas¬
ending Sept. 30 :
announced that the
ments.
15,202
556
168
4,531
844
4,531
Total
$-257,057
There is at this date in the
Treasury the sum of
which is deposited and held as follows:
Mastin BanK, Kansas City
•
Bank of St. Joseph, Mo
Boatmen’s Savings Bank, St. Louis
National B ink Slate of Missouri, St. Louis
National Exchange Bank, Jefferson City
In
$80,388
$842,442,
$556,187
206,'■62
116,023
3,015
3,284
7,049
vau t
Total
$812,452
For the money
deposited in the Mastin Bank the Treasurer
brought suit against the bank and its securities.
The State Treasurer has addressed the
following letter to the
Governor, which explains itself:
City
op
Jefferson, Mo
Oct. 14, 1878.
To His Excellency. John S. Phelps, Governor:
Sir: For your information I desire to say
that, since my
dated Oct.
1, 1878. for the quarter ending Sept. 30,1 have realized thereport
sum of $220,000
from the sale of water bonds held
by me as collateral security for the dt wonts
in the Mastin Bank,
leaving a balance in said bank of $286,187. I would al-o
state that the contracts for State
deposits having been approved, the State
funds will be deposited with the Bank of
Commerce, St. Louis, Mo., and the
National Exchange, Jefferson City,
Mo., as provided in said contract.
Very respecilnily,
Elijah Gates, State Treasurer.
,
,
—A
despatch of Oct. 13 stated that Messrs. Mastin,
of the defunct Mastin Bank of Kansas
City, had redeemed
the $350,000 of water-works bonds held
by State Treasurer Gates
as collateral for
deposits of the State’s money in that bank, and
$220,000 cash
State
in
was
Treasury.
paid to Mr. Gates, and by him covered into the
New York Lake Erie & Western.—The
following was issued
London, September 30:
Comparative statement of earnings and working expenses of
the New York Lake Erie & Western Railroad for the month of
July, 1877 and 1878:
Gross earnings
Working
expenses
1677.
1878.
$1,011,205
$1,157,690
830,981
869,888
$171,316
showing
an
increase in the
$326,709
net
earnings for the month of $155,392.
The net earnings for the first ten months of the financial
year
exceed those for the same
period last year by $913,558.
New
York
&
New
England.—The
Common
Council
of
to
report as to the
ownership of about $1,100,000 of consolidated
bonds, which Mr. Allen and his friends claim to have purchased
from the railway company in April or
May, 1877, at 40 cents flat,
but the validity of which purchase
is disputed by other bond¬
holders.
Yesterday, both parties consenting, Seymour D.
Thompson, Esq., to whom other railroad foreclosure euits have
been referred oy the same court, was named
by the court as
master in this case.”
* * * “Judge Dillon
held, as our
readers know, that the defendants had failed to show
any valid
agreement by the Barings or other bondholders deferring the' full
payment of interest till November 1, 1878, as alleged in the answer,
and that they had also failed to show
anything in the transac¬
tions between the Messrs. Baring or the Messrs. Ward and the
defendants in October, 1876, set up in the
answer, by which the
former were equitably precluded from
insisting on the payment
in full of the April, 1877, consolidated
coupons, thus overruling
the defenses set up in the suit.
Under the interlocutory decree
just entered, therefore, the master will proceed to take an account
of the unpaid interest; and when this is ascertained the
final
decree will require the defendant to
pay it by a given day to be
named, or, in default of said payment, a sale of the road under the
consolidated mortgage will be ordered.”
Southern Pacific (California).—At Yuma, Oct. 8, a
meeting
organize the road under the territorial laws of Arizona elected
D. D. Colton, A. P. K. Saftord, Charles Hudson,
George Tyng,
and Charles F. Crocker as directors.
[Mr. Colton has since
to
died].
—The Southern Pacific is said to have
begun work ou an
extension of its road from its
present terminus at Fort Yuma
eastward, with the intention of completing it rapidly to Tucson,
from 275 to 300 miles.
Tucson is about 800 miles distant from
the present terminus of the Atchison
Topeka & Santa Fe, which
is being pushed forward towards that point.
Toledo Peoria & Warsaw.—A. L. Hopkins, receiver, has filed
report, covering the operations of the road during the months
of July and August. • The showing is as follows:
a
RECEIPTS.
Balance
on
hand July 1
England road, and thus accept the tender of $500,000, which had
$23,414
141,181
170,035
Receipts for July
Receipts for August
Hartford voted to surrender the bonds held
by the city of the
Hartford Providence & Fishkill Railroad to the New York & New
been previously declined. The bonds .have been surrendered to
the officers of the company.
unofficially
—The
Missouri liepublican
says of
the recent decision
in the suit
against this company: “In the decree
in
this suit, as settled by Judge Dillon on the fifth
inet., a
blank was lelt for the name of the master in
chancery to whom
the cause was referred to
compute and report the amount of
interest due and unpaid on * consolidated bonds,’ and also
3,660
Executors’ and administrators’ fund
Insurance Department fund
Swamp Jand indemnity fund
is
litigation Detween the Barings of London and
the Allen-Marquand
party, fn the St. Louis & Iron Mountain
Railroad matters, has been amicably
settled; that it only remains
to adjust details, and this work lias been intrusted to a
committee.
Disburse¬
$56,^26
John westward):
St. Louis Iron Mountain & Southern.—It
RECEIPTS AND DISBURSEMENTS.
$ 137,208
113,915
been
“You are hereby notified by the directors of the above
company that, on
the 31st day of August last, the railway and
property of the
American Railway for extension from 8t. John westward European & North
were purchased
by
this company, and that the same have been
conveyed to them in pursuance of
the provisions of their Act of Incorporation.
“You are also notified Ifcat you are entitled to have
your bonds converted
into shares in the capital stock of this
company, upon the terms of the Act of
lncoiporation. on application made at any time within six months from the
date hereof, and on production and surrender of
your bonds.
“George Wedd, President.
“Dated at London this 25th day of
September, 18i8.”
foreclosed
Receipts.
Railway.—The following notice has
Company (for extension from St.
on
urer's report for the quarter
State revenue fund
State interest fund
State echool moneys..
Joseph Bridge.—The earnings of the St. Joseph Bridge
St. John & Maine
by the German bondholders at
The road is rented so as to
pay about 3
Frankfort-on-the-Main.
Railroad,
issued by the St. John & Maine Railway
Company to the holders
of the secured bonds of the
European & North American Railroad
at a meeting of bondholders held in that
city. The new road will be known as St. Louis &
Lexington,
and has been leased to the Missouri
Pacific for ten years. Mr.
a
approved and the report adopted.
St.
says
re-organized
of
for the three years ending
special session. It states also that the stockholders are
wrang¬
ling with the bondholders, and unless both agree upon some man
as receiver by next
Monday the Court will appoint one.
At the regular
inetting of directors of the Kansas Pacific Rail¬
way, held in St. Louis, D. M. Edgerton, was elected
President;
S. M. Edgell,
Vice-President; and A. II. Califf, Secretary and
Treasurer.
at
meeting of the stockholders
Atlanta
was
Henry Villard and Carlos Greeley, receivers, were
removed by Judge Foster, of the United States
Circuit Court, in
Lexington & St. Louis*—This
a
the Richmond & Danville Railroad
Company, the action of the
board of directors, in relation to ilie recent
arrangement looking
to the purchase of the Columbia
Charlotte &
mortgage is to be made to secure the payment of the
unfunded interest, and the land grants of the Denver Extension
road are to be thrown into a
sinking fund. New stock is also to
be issued, to be distributed so as to
give control of the road to
the Denver Extension
bondholders, and the balance will be
October 11
$828,953
502,342
$326,610
Richmond & Danville.—At
principal
mortgage and funded interest, amounting to about $7,250,000. A
second
17,
1,477,377
Surplus
Kansas Pacific.—The Kansas Pacific Railroad Re-construction
Committee has agreed to a plan of
re-organization which contem¬
plates the issue of new mortgage bonds for the
that
$2,3 6,330
.*-
.
Net earnings
The interest on the bonds for these nine months
is
be reached prior to that date.
distributed among the holders of the junior securities.
—A press despatch
Kansas City,
from
Oct.
409
$334,831
EXPENDITURES.
For July
For August
Balance
on
$120,267
135,372- 225,640
hand
$78,99$
410
~
THE CHRONICLE.
lire Contmcrrial ffimcs.
COTTON.
CaSiRCiAlTEPTTO^
The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is
given below. For the week ending
this evening (Oct. 18). the total
Friday, P. M.t October 18, 1878.
Friday Night, October 18.
The disturbed
condition of affairs at the financial centres
o*
Europe, and the flurry on our Stock Exchange, had a depressing
effect, directly and indirectly, upon our mercantile circles, which
ton and
most
prominently in the decline which took place in cot¬
breadstuff's, in which decline provisions and other merchan¬
was seen
dise shared to
The weather continues unseasonably
mild, and there is little abatement of the scourge of yellow fever
which has devastated the Mississippi Valley. Yet, in spite of
these
[Vol. XXVII.
some
extent.
drawbacks, trade and manufactures have made
for the
autumn season,
and there is
reason
to
hope that
shall
The low prices to
end to local obstacles to business.
which cotton aud breadstuff's have declined have
Boon see an
fair progress
we
brought forward
buyers for speculation.
Pork declined, and closed to-day with but
slight recovery—
mess selling on the
spot at $3 50, and for November at $8 40;
new for January held at $9 75.
Lard also declined, but closed
rather dearer at $6 G0@$6 62£ for prime Western,
spot and
January; $6 fff% for November and December, and |6 67| for
February. Bacon has sold at 5@5£c. for short clear at the West.
Cut meats moderately active,
pickled rib bellies going at
6@6£c., in bulk. Beef remains quite nominal. Beef hams are
moderately salable.
Tallow has declined to 6fc. for prime.
Butter has been dull and drooping.
Cheese declined to 8£@9£c.
for good to choice factory.
Kentucky tobacco has been dull, and sales for the week are
only 600 hhds., of which 400 for export and 200 for home con¬
sumption. Prices are without essential change ; lugs quoted at
2|@54c., and leaf 6^@14c. The movement in seed leaf has been
larger, and may be called active for the season, the sales for the
week aggregating 1,750 cases, as follows: 600
cases, 1877 crop
New England, 14c. to 25c.; 72 cases old
crop, New England, 7|c ;
500 cases, 1877 crop, Pennsylvania, 8c. to 19c.; 678
cases, 1877
crop, Wisconsin, 7£c. to 9c. Spanish tobacco was without new
feature, and sold to the extent of 550 bales at 80c. @$ l 10.
There has been
pretty good movement in ocean freight room
supply of tonnage has been reduced, and all rates show firm¬
ness, and not a few are noticeably higher,
especially those for
berth room.
Engagements and charters of late and to-day
include: Grain to Liverpool, by steam, 7fd.; flour, 3s.
4£d.@
3s. 6d.; bacon, 35s.@37s. 6d.; cheese, 45e.@47s. 6d.;
cotton, 5-16d.,
compressed; grain to London, by steam, 8d.; flour, 3s.; do. by
Bail, 2s. 6d.; grain to Avonmouth, by steam, 7£d., in bulk ;
pro.
visions to Glasgow, by steam, 45s.; grain to the
Continent, 6s. ;
do. to Cette or Marseilles, 5s. ?£d,; do. to
Bordeaux, 5s. 9d.; do. to
Antwerp, 5s. 3fd.; do. to the Continent, by steamer, 6s. 3d.; do. -to
Oporto, 18c., gold, per bushel ; oats to Cette or Marseilles, 104c.»
gold ; do. to Bordeaux or St. Nazaire, 7s. 4|d. per quarter; refined
petroleum to Bremen, 3s. 5^d.; do. in cases to Alexandria
29@31c., gold ; crude to Bordeaux, 4e.; residuum to Liverpool or
Bristol, 4s. 3d,
Coffees show a decline in the prices for Rio
grades, and only a
receipts have reached 160,283
bales, against 148,158 bales last week, 130,990 bales the previous
week, and 98,863 bales three weeks since; making the total
receipts since the 1st of September, 1878, 685,839 bales, against
397,429 for the same period of 1877, showing an increase sines
September 1,1878, of 288,410 bales. The details of the receipts for
this week (as per telegraph) and for the
corresponding weeks of
four previous years are as follows:
Receipts this w’k at
1878.
1877.
1876.
1875.
New Orleans
16,933
3,527
31,304
1,589
39,344
24,671
29,792
13,689
20,536
35,223
11,495
18,984
1,023
26,871
24,800
8,520
21,618
26,392
20,082
37,633
10,800
25,007
1,228
17,424
18,167
22,395
12,625
636
193
762
1,811
516
6,659
683
4,006
3,353
844
107
178
889
6,892
23,513
4,321
5,896
14,763
3,796
1,068
6,130
29,483
4,672
19,891
2,921
1,322
796
3,116
17,358
1,108
...
160,233
135,054
152,820
147,345
127,976
Total since Sept. 1.
685,839
397,429
633,029
570,582
500,701
Mobile
1
Charleston
Port
Royal, &c
Savannah
Galveston
iDdianola, &c
Tennessee, <fec
Florida
Norm Carolina
Norfolk
City Point, &c
Total this week
....
.
moderate movement has been noted ; fair to prime
cargoes quoted
at 15® 16c. gold; stock here in first hands
22,941 bags. Mild
2,596
31,477
The
exports for the week ending this evening reach a total of
78,966 bales, of which 71,948 were to Great Britain, 2.363 ta
France, and 4,655 to rest of the Continent, while the stocks a&
made up this evening are now 376,699 bales.
Below are the
stocks and exports for the week, and also for the
corresponding
week of last
season.
Week
EXPORTED TO—
ending
Oct,
Great
18.
France.
Britain.
N. Orl’ns
Conti-,
3,002
nent.
399
....
Mobile..
....
Charl’t’n
Savan’h.
9,120
9,321
Galv’t’n-
8,486
N. York.
15,927
10,655
15,437
Norfolk-
Other*..
Total
this
Week.
3,401
1878/
1877.
14,009
38,642
68,644.
955
14,345
79,291
....
684
10,917
900
1,496
11,471
8,486
17,103
10,655
16,933
1,113
1,250
....
1,176
....
....
....
....
STOCK.
Same
Week
1877.
a
the
1874.
6,469
7,793 102,655
57,612
5,217 48,676
....
4,704
15,463
37,525
46,482
44,813
30,073
17,478
12,193
18,000
27,000
Tot. this
week..
71,948
2,363
4,655
78,966
164.883
7.448
26,330
198,661
39,147 376,699 282,193
Tot.since
Sept. 1.
106,610
•
Tbe exports this weea under the nead of ‘other
ports” induce, from Balti¬
more, 4,476 bales to Liverpool and 1,496 hairs to »-re i.en; from Bovtorr, 2,714
bales t» Liverpool: from
Philadelphia, 1,302 bales to Live pool; from Wilming¬
ton, 6,945 bales to Liverpool.
In addition to above exports, our
telegrams to-night also give
the following amounts of cotton on
shipboard, not cleared, at
us
the ports
which
named.
are
We add also similar figures for New York,
prepared for our special use by Messrs. CareyT, Yale
Lambert, 60 Beaver
street:
On
Oct. 18, at—
Liver¬
France.
pool.
New Orleans
3,750
7,673
25,000
13,296
14,500
Mobile
Savannah
Galveston
New York
Total
Shipboard, not cleared—for
Coast¬
Foreign
wise.
Leaving
Total.
Stock.
4,250
6,000
100
None.’
None.
None.
2,200
4,585
12,000
2,500
41,700
1,028
575,
1,579
None.
20,488
*21,775
24,500
6,672
60,955
37,124
26,901
4,179
105,736
156,152
700
64,219
Other
11,735
19,603
14,100
7,673
*
grades have been very dull and nominally uuchanged. Rice has
Included in tins amount tiiere are 6,000 bales at Presses for
foreign
ports, the destination of which we cannot learn.
been in steady jobbing sale. Molasses has been
dull, but about
From the foregoing statement it will be seen that,
compared
steady; Cuba 50-test refining quoted at 32@33c.; new crop New with the
corresponding week of last season, there is an increase
Orleans quoted at 50@60c., old at 2G@45c.
Refined sugars have in the exports this week of
39,819 bales, while the stocks to-night
been moderately active and steady ; crushed
9fc. Raw grades* are 94,-iOG bales more than they were at this time a year ago. The
though quiet, have been steady; fair to good refining Cuba following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to Oct.
11, the latest mail dates:
7f@7$c.
*
Receipts since Oct. 1, 1878
Sales since
Stock Oct. 16,1878
Stock Oct. 17, 1877
£7,278
17,178
lt',810
2U.991
2u,991
47,087
69,211
Boxes.
9,110
6,749
6,665
9,194
.21,258
Bags.
Melado.
79.905
1,765
122,210
380
116,889
898
85,226
1,247
1,684
Ports.
RECEIPTS SINCE
SEPT. 1.
1878.
N.Orlns
1877.
are
Char’n*
43,530
18,677
112,532
English
Sav’h..
169,645
40,144
23,107
47,099
68,162
a good,
steady range of
values; common to good strained rosin quoted at $1 40@1 45;
spirits turpentine at 29c. Petroleum has been dull, and more or
Galv.*.
95,067
47,832
N. York
6.481
825
Florida
1,581
305
149,343
Naval stores have continued quiet, but the fact that stocks
moderate snd well concentrated, and the Southern and
advices quite firm, serves to maintain
less demoralization has been manifested
; offerings are
Creek advices weak and lower, and the full
Mobile.
liberal;
supplies abroad pre-*
any encouragement from that quarter; crude, in bulk
quoted at 5c., and refined, in bbls., 9£c. Steel rails have remained
firm, with 4,000 tons reported sold, part at the mills at $42'; of
©Id iron rails, 3,COO tons for
Pittsburg delivery were reoorted
sold ; quoted at $17@$18. Ingot copper
quiet at 16@16£c.
vent
N. Car.
18.813
9,948
Norfk*
21,853
Other..
52,760
6,520
This yr.
525,606
Last
*
vr.
Unuer the
EXPORTED SINCE SEPT. 1 TO—
Great
Britain.
3,125
262,375
usw
of Vtiarteaton
14,573
1,100
6,172
i
Hhds.
Stock Oct. 1, 1878
France.
2,553
Total.
447
17,573
1,100
......
1,800
15,110
5,000
34,524
Stock.
Other
Foreign
732
10,120
18,092
7,223
22,333
1,572
6,572
35,561
305
6S0
630
15,776
2,008
17,734
26,011
12,514
63,633
80,944
51,561
47,794
8,588
13,50013,000
92,935
5,085
21,675
119,695 317,545
50.161
4,608
12,694
67.463 207,899
is
included Purt
^oyd, &c.: uude.- the bead of
Gaiveston ia mcluaei ludlanola, &c.; under the head of
Norfolk la included City
Point, &c.
,
These mail returns do not
correspond precisely with the total
0
7
.
1
1
001
9.4
1
0
8
.
8
0
9
3
1
0
7
.
0
1
3
5.9
4
009
October 19, 1878.
THE CHRONICLE
|
0
0
9
.
2
8
3
.0
.000000
0
1
.
1
.
5
0
1
.
1
3
.
2
0241.41.1
telegraphic figures, because in preparing them it is always
necessary
Bales.
100.
700.
to incorporate every correction made at the ports.
..
.
CtB.
...10*02
Bales.
0
4
.
8
1
9
00423.312
The past
week has been one of severe depression in our cotton
market, and prices have experienced a decline seldom equaled.
Cotton on the spot declined from day to day, until yesterday mid¬
dling uplands were quoted at 10c. per pound. Quotations were
reduced l-16c. each on Monday, Tuesday and Wednesday and £c.
yesterday. There has been but a moderate demand from any
quarter—spinners and shippers alike buying sparingly. To-day,
spots were dull, and low middling and strict low middling fur¬
ther declined l-18c.
For future delivery the decline has been
rapid, and such re-actions as took place were feeble and soon
■ended, evidently having no other foundation than a demand to
cover contracts and realize
profits.
The most severe decline
took place yesterday, when October closed 16 points
lower, and the
ether months were 18(2)21 points lower.
The depression was
caused by the disturbed state of financial affairs at London and
other monetary centres of Europe, and the effect
produced upon
trade and values at Liverpool, Manchester and Havre.
The
reports of a vast accumulation of goods at Manchester contributed
strongly to the panicky feeling into which our market was
The Bureau report made public on Tuesday afternoon
thrown.
was also an adverse influence,
supplemented since October 1 (the
date of its returns) by remarkably good weather for the
maturing
und gathering of the crop.
To-day, however, there was an active
speculation, partly on Southern account, and prices recovered
most of yesterday’s decline,
especially for the early months. The
speculation seemed to have no other basis than the low values
that had been reached.
The total sales for forward
UPLANDS.
Ordinary
$ B).
Strict Ordinary
Good Ordinary.
...
Good Middling
101316 10%
Middling Fair
115
11%
Ulo 16 1178
Fair
8*8
9*8
91*1C
10%6
Mon
81*16
8H1G 8%
9%
9%g
9%6
9%
9%
-
IOIig
10°16
107ib
1O910
101*16
10
10*16
10%
10% 6 10%
109J 6 10%
101*16 10%
H°1G 11%
1U%6 11%
105iq 10%
109iq 10 *2
Strict Good Mid...
Mon Sat.
8716
8%
8131(
9016
Strict Good Ord... 91316 9%
Low Middling10J
10
Strict Low Mid.... 10316 1018
Middling
Sat.
838
9%
..
ALABAMA. N. ORLE’NS
Mon
87i«
8%
Ordinary
Good
Ordinary....
8*4
8ii16
9*16
Strict Good Ord...
9 58
Low Middling
Strict Low Mid
9'8
9llie
91516
101i6
Middling
10%q
Good Middling..
10"lQ
Strict Good Mid... 101%6
11 '*16
Middling Fair
Fair
111*18
.
| Th.
Ordinary
$ fl>.
45trict Ordinary...
Good
Ordinary..
8trict Good Ord...
Low Middling
Strict Low Mid....
"
83ig
8%
pq
$ tt».
111
16
11»19
12.*! 6
8516
8*4
8*1
9%
89io
81116
9*16
9
9Uj6 9*8
91516 9%
lOhc 10
10
10*8
10*8
10*16
107ig
lOHio
11*16
1H*16
1058
11%
11%
Frl.
Sat.
Mon.
89ig
8%
912
81%6
97ie
91318
97b
81516
97ig
10*16
10%e
107,6
10%
Ills
101yi6 1078
11716 11*8
11%
121i6
Th.
10i_i16
Frl.
8*8
81s
8%
8*8
89ic
9118
9%
9%
9%
8916
91x6
8%6
91ig
912
9%
9%
9i2
12
Th.
Frl.
500..
100.
800
100
100.,
1,200..
81*16
81*16
9° 16
9° 16
81*16
9%6
81*16
9%6
9%
10
9%
91516
10
10
10l4
1012
Middling Fair
11
11
10%
10i2
11
11
Fair
1150
1158
10%
10%
10*4
11%
11%
1138
1178
600..
10%6
10%
10%
10%
11%
1 1178
Mon Tues Wed
$ b>. 89ie
8%
87ie
8*8
8%
9716
91*16
9*8
9%
8i"iq
9
9916
915ig
Middling
1.500
1,400.
2.700
...
3,200
For December
800..
9-68
i .100.
9-TO
2 000..
4,500..
400
1.400
900..
800..
500..
9-73
974
9-75
.
.
977
1,400..
1,700
8,8 0..
5,600..
1,600..
.
3.200
500
1 100
4.300
3,000
985
9-86
500
3,000
5 000
700
1,200..
9-92
9-93
9-94
9%
10
91%6
10%6
10%
10%
10%
10%
11%
11%
10%
10%
10%
11%
000,.
Frl.
8%
8%
9%
9%
8%
9%
9%
8%
9%
9%
MARKET AND SALES.
900.
500...
2,700.
2,900
2.100.
SPOT MARKET
CLOSED.
Sat..
Mon
Tues.
Wed
Tliurs
Fri.
Ex¬
ConSpec- Tran¬
port. smnp. ul’t’n sit. Total.
Weak
200
Very quiet, lower
Easy, lower
Very quiet, lower
Quiet, lower
.
.
529
125
110
109
1,183
1,073
3,587
Steady
.
Total
255
596
502
496
105
11
73
-
.
•
•
555
•
•
•
•
•
•
•
•
•
•
•
•
....
....
189
....
560
607
Deliv¬
Sales.
eries.
1,293
37,300
84,800
76,900
93,100
80,600
664
124,500
1,400
2,100
1,200
4,849 497,200
9,200
1,031
691
1,000
1,000
2,500
260
....10-27
1,200...
.
10-06
700..,.
'2.500
10 08
106....
4.200.
....
.10*28
...10-29
760....
4.800...
3,000...
9,100
1,600.
.
1,700
1012
.10*22
10*23
4'’0
1,266
...10-40
...10-43
800
300
100
10-45
...10-47
700...
600
10*36
2,000
1,700
10-39
800...
206...
200
10 >2
1,100.
2,560
600
1,100...
1,400...
1,100.
4,100...
10*50
...10-52
..-9-99
600
760
1,460
1,260
..10*01
70 J
lilOO....
10-24
10*25
.
400
..
100...
.
1,600....
..
10-2 7 1
10-28 I
100.
...
..
1,000
4,100
600....
..
L23.500
500
For January.
3,000.
1,060.
..
..
2,500
|
1,400..
3,700
2.000....
..
..
900.
1,700
10-07
10-08
1,400
|
2,300
2,500.
3,600.
2,900.
2,300
3,200...
..
The
1017
...
10 19
1
10-20 i
10-21
...
...
10*23
....1024
.
..
...
For June/T^
300....,
260....
10 20
300....,
260....
10-22
100.,..
10-31
100...,
100
10-37
|
*
500....
506
500
300
460.
100
..10 22
..10-23
.10-25
..10 26
..10-27
1028
.10-29
10-30
.10-31
10*32
.10*33
1034
.10-35
10-36
300
1('0
360
800
..
26,000
..10-21
660
...1015
.
..
1
....
8 10
...
9-73
9-74
975
200...
..1018
..10-20
1,600
10-10
10*11
...
1
300
560
860
300
900
,
9-71
200
..1011
..10 12
..10 13
..JO-14
..10-15
..1016
.10-17
1,200
660
1,600
200...
..1003
..10-05
.10-08
1,600.
16-04
..1005
10-06
.16*59
...10*60
...10*62
...10-63
..1002
500
200.,
...
10*54
100
300
300
600
400
...
10-51
300.../.. ...10-58
For April.
...
10*48
10*4®
2 n
200
100
1,200
1060
10*47
»
700
100....
...
2,000
10-31
200
700
10*44
10*46
400.
1
...
10-40
10 41
10*42
10*43
800
400
29,000
997
...
10*37
500
100
200
100
200.
200
10-28
600....
10-19
10-20
10*31
10*32
10*33
10*34
10*35
100
|
..
10*24
10*25
10 29
10 30
100
...10-34]
....
...10-35
1,800....
1,100....
.
2,100
1,500...
...
600....
10*20
10 22
...10*23
400.
200
300
...10-30
...10-31 :
...10-32 :
406
166
991
9 92
9-93
9 -94
10*19
1,000
1,300
..
10*19
9-88
9-89
...
10*17
10*18
100
*200
...
2,100
2,000
1,406
1,066
984
fc-85
...
10*12
10*14
10*16
1,600
.
100
February.
460
860....
1,500
2,100...
2,300..
700
500
F->r
1,300....
.
.
300
900
700
500
600
200
100
200
100
200
800
10-47
10*50
....
.
...10*54
10*57
...
3,600
For
100
360
300.
300
500
200
100
200
206.
260
500
300
700
500
300
July.
.
...
.
...10*20
10*21
..
....
..
10-22
10-24
10-27
....
...
10-38
.10-39
10-40
10-41
.10-42
.16*44
.16-45
10-48
....
....
...
300
.10*48
....
10*58
10*71
10-72
....
10-73
...
5,000
following
pd. to exch. 100
The following will show the
closing prices bid and asked
future delivery and the tone of the
market, at 3 o’clock P.
on each
day in the past week:
for
M.,
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
—
Sat’day. Mond’y T’sday.
Easier.
Bid.
A>ik
Lower.
Bid.
A‘k.
October.. 10*21® 22 10*11® 12
Nov’mb’r. 10*16®
10*08®
Decern b’r 10-18®19 1011® 12
10*15® 16
January.. 10*22®
February 10-29® 30 10*23®
March.
10-38® 39 10-32®33
April.... 10*46® 47 10*41® 42
10*56®57 10*49® 50
May
June
10*U5®67 10*57® 58
10*69®71 10*59® 60
July
Tr. orders
10*25
1015
Closed—
Weak.
Dull.
—
—
—
FUTURES.
1,000
1,200
...10-25
...10*26
4,806
10-27
—
SALES OF SPOT ASD TRANSIT.
2,300
...1017
...10*18
...10*19
!0-20
...10"24
206
10*05
10*07
10*08
10*09
.
2.300
606
150,200
10-00
10*01
10-02
300..
100..
*04
; 200
...1012
...1014
...1015
...10 !6
560
300
—
3,200...
2,700...
200
-500
...10-09
1,200..'....
10-25
10-20
MOO....
300....
3,200..
1,400.
•00
900
200
.
600
..
I
,...10-07
...
..
1,000
10 24
4,200
1,100
400
360
10*17
10-03
....1005
1006
660
360
10*55
400
700
700
600
100
....
1,060.
10*18
400
...
400
100
206
10*54
For May.
300
1 200
2,300
10*52
10*53
1,000.
.
11%
Th.
6,600
10*10
;....ioii
...10*12
10-13
10 14
...10*15
10* 10
1,900..
700..
2.600
800
10-04
9 80
2,300..
2<)0
10*05
10 00
....10*07
10*08
10*09
500
4.000
800
100
200
100
31,200
1,000
9*90
9 91
992
9 93
9 94
Cts.
10*51
l.roo.
....10-26
For March.
100
9 95
9 96
9 97
9 98 1
999
10 00
10-01
10-02
10 03
40,800
Bales.
...
56,400
9 87
9 88
9-89
8.600
Ct«.
100.
400
9 83
1,000..
Market—
Good Ordinarv
Strict Good Ordinary
Low Middling
10-21
200...
8%
91316 10%
Sat.
10%
10%
11%
83s
10
STAINED.*
1,400.
10%
8*8
1014
10*2
10
10%
Frl.
9%
9i
10% fj 10%
19716
lOiiio
101^16
11?16
1 “116
12
Til.
9%
«1510 9%
10*16 10%
10%
10%
10*8
10%
10*8
Good Middling.... 10%
Strict Good Mid... 10*2
Middling
9 84
9-85
9‘86
100..
1,900..
1
9
8%
9%
4,000
2,400.
2,400
8H10 8%
9%
9%e I
9%
9916
9916
10
lOiie 10
10%
10% 0 10%
10%
107i6 10%
10%
109,6 10%
10%
101*16 10%
11
1U16 11
11%
11916 11%
12%
12*,e 12%
I
8%
89ig
9116
91116
91*16
9*81
9-82
1009
400..
TEXAS.
Toes Wed Tues Wed Tues Wed Tues ! Wed
Strict Ordinary..
400
400
1,700.
1,309.
3.003.
6,800...
7,GW)...
1,500...
—
Saturday, Oct. 12,
to Friday, Oct. 18. Sat.
500..
1,100..
Bales.
9 80
900..
delivery for the week are 497,200
free on board. For immediate delivery the
total sales foot up this week 4,849 bales, including 1,073 for
export,
3’587 for consumption, 189 for speculation and
in transit. Of
the above, 700 bales were to arrive,
The following tables show
the official quotations and sales for each dav of the past week:
bales, including
Ct«.
9-79
10-03
j
of the
411
..
Gold
101%
Exch’nge
4*78
10034
Thurs.
Lower.
Lower.
Panicky. Excited.
Bid. Aik.
10 03® 04
Bid. Aik.
9 *93® 94
10-01® —
10*03® —
10*07® 08
1015® 16
10*24® —
10-32® 33
10 39® 40
10-45®47
10*51® 53
10*05
9*87®98
9-90®91
9*95® 96
10*02® 03
Easy.
100%
4*77
Tiie Visible Supply
Wed.
4*77
of
Cotton,
10‘12® 13
10*21®22
10-28® 29
10*33® 35
1039®41
9-95
Weak.
100%
4.77
as
Bid.
Atk^
9-77®7H
9*71® —
972®73
9*77® —
9-84® —
9-92® 93
1000®01
10 08®09
10*14® 15
10*20® 21
9*80
Steady.
100%
4*77%
Friday.
Bid.
A fit.
9*90®92
9*85®86
9*88® —
993®94
9*99® —
10 09® 10
1016® 17
10-23®24
10'28®30
10*33®35
9*95
Firm.
100%
4*78
made up by cable and
telegraph, is as follows. The Continental stocks are the figures
For forward delivery, the sales have reached
during the week of last Saturday, but the totals for Great Britain and the afloat
497,200 bales (all middling or on the basis of middling), and the for the Continent are this week’s
returns, and consequently
following is a statement of the Bales and prices:
brought down to Thursday evening; hence, to make the totals
For October.
Bale?.
Ct«.
Ba’es.
C tv
Rales.
Ct«.
the complete figures for to-night (Oct. 18), we add the item of
Bales.
Cts
100
9-97
800
10*25
1,000
9-80
200
9 75
5*>0
9 98
600.
10-26
1,000
9-81
exports from the United States, including in it the exports of
100
1,000
9 77
9-99
200
1027
300
9 82
Friday only:
300
9 78
600
2,000
10 00
9-83
200
100
800
800
100
200
:
200
100
500
700
700
*100 S.n.19th
..
....
9 79
9 82
9-84
9-85
9-88
9-90
9-9!
9 92
9*93
9-94
9-95
9 95
300
9*90
10 03
1004
10-05
100 a.u.l5th 10*07
100
10 07
400
.10-08
100
10-09
9-89
L200
200
1,300
1,400
1,600
1,100
1,100
10-10
1011
10*12
306
10*13
300
10-22
100 e.n.lith 10-24
'
400,...
10-24!
20,900
For November.
500
9*69
1,500
970
500
900
390
500
9-71
9-72
9 73
974
1,700
975
500
600
9 84
600
2,300
9S5
9-86
9-88
989
9-90
500
991
1,200
500
700....
1,700
....
...
Total Great Britain stock
9-92
993
995
996
600
976
9*77
978
109
100
700
1,100
900
997
10*00
400......
979
1,300
1001
1.100....
1878.
301,000
Stock at Marseilles.
Stock at Barcelona.
Stock at
Hamburg..
.
1877.
1876.
31,250
332,250
476,750
644,000
640,250
126,500
1,750
8,250
4,250
172,000
183,750
4,500
200,250
4,250
24,500
45,500
7,250
48,000
11,000
610,000
34,000
1875.
418,000
28,750
582,000
58,250
56,000
42,000
10,000
15,000
47,500
30,250
412
THE CHRONICLE
Stock at Amsterdam
1878.
1877.
34,500
6,750
1876. ’
1875.
Stock at Antwerp
Stock at other conti’ntal ports.
3,500
8,750
33,000
9,500
5,500
8,500
Total continental ports....
218,750
340,250
Total European stocks..
India cotton afloat for Europe.
551,000
117,000
147,000
16,000
376,699
36,437
817,000 1,046,500 1,015,2-0
96,000
194,000
236,000
Stock at Rotterdam
..
Amer’n cotton afloat for Eur’pe
Egypt,Brazil,&c.,aflt for E’r’pe
Stock in United States ports
8tock in U. S. interior ports..
United States exports to-day..
68,000
36,000
282,193
33,549
9,000
57,500
14,500
15,250
56,000
12,000
6,250
9,000
402,500
375,000
'
13,500
130,000
30,000
429,089
49,497
12,000
115,000
43,000
354,581
39,911
14,000
[Voi* XXVII.
may now thankfully anticipate that the yellow fever
scourge,
which has so long afflicted that section, will
speedily come to an
end.
Rain has fallen in many districts, but the
crop is generally
we
being gathered rapidly and in excellent condition, and pushed for¬
ward to market freely.
Galveston, Texas.—We have had sprinkles on two days of the
past week, but are needing more rain for cattle, for running
machinery, and for fall gardens; but it is not otherwise wanted.
The thermometer has averaged 79, the
highest point touched
having been 87, and the lowest 67. The rainfall has reached five
hundredths of
an
inch.
Indianola, Texas.—There have been showers on two days dur¬
ing
the week, the rainfall reaching ninety-two hundredths of an
18,000
inch.
Some sections are getting very
dry. Average thermom¬
eter 74, highest 88, and lowest 61.
Total visible supply.bales.l,262,136 1,341,742 1,900,086 1,817,742
Of the above, the totals of American and other descriptions are as
Corsicana, Texas.—It has rained the past week on one day, a
follows:
sprinkle, the rainfall reaching seven hundredths of an inch. Pick¬
American—
ing is progressing finely. T he thermometer has ranged from 47
to 99, averaging 75.
Liverpool stock
141,000
210,000
232,000
235,000
Continental stocks
173,000
248,000
260,000
162,000
Dallas, Texas. —Rain has fallen during the week on two days,
American afloat to Europe.... 147,000
68,000
130,000
115,000 showers, the rainfall
reaching seventy-five hundredths of an inch.
United States stock
376,699
282,193
429,089
354,531
United States interior stocks..
33,549
36,437
49,497
39,911 Average thermometer 75, highest 90, and lowest 47.
United States exports to-day..
18,000
9,000
12,000
Brenham, Texas.— We have had showers on two days the past
14,000
week,
the rainfall reaching fifty hundredths of an inch. Picking
Total American
bales. 892,136
850,742 1,112,586
920,492 is
making rapid progress. The thermometer has averaged 78, the
East Indian, Brasil, dc.—
extreme range having been 63 and 89.
160,000
Liverpool stock
238,000
378,000
347,000
New Orleans, Louisiana.—It has rained here on one
London stock
31,250
28,750
34,000
58,250
day during
Continental stocks
45,750
92,250
142,500
213,000 the week, the rainfall reaching seventy hundredths of an inch.
India afloat for Europe
117,000
96,000
194,000
236,000 The thermometer has averaged 73.
Egypt, Brazil, &c., afloat
16,000
36,000
39,000
48,000
Shreveport, Louisiana.—Cotton picking is being pushed forward
with great energy, and crops are
Total East India, &c
370,000
491,000
787,500
coming in freely, favored with
897,250
Total American
892,136
850,742 1,112,586
920,492 good roads and weather. Low grades will be limited. First frost
this morning, varying from light to
Total visible supply
heavy, owing to locality.
1,262,136 1,341,742 1,900,086 1,817,742
Price Mid. Upl., Liverpool
Average thermometer 68, highest 90, and lowest 46. The rain¬
612d.
6:hed.
515icd.
71iCd.
fall has reached eighty-two hundredths of an inch.
These figures indicate a decrease in the cotton in
sight to-night
Vicksburg, Mississippi.—Telegram not received.
of 79,606 bales as compared with the same date of
1877, a
Columbus, Mississippi.—The thermometer has ranged from 48
decrease of 637,950 bales as compared with the
corresponding date to 80
during the week, averaging 69. The rainfall has reached
of 1876, and a decrease of 555,606 bales as compared with r1875.
fifty-five hundredths of an inch. There was a light frost this
At the Interior Ports the movement—that is the
receipts morning on low lands.
and shipments for the week, and stocks
to-night, and for the
Little Rock, Arkansas.—The weather
during the past week
corresponding week of 1877—is set out in detail in the following has been clear,
excepting Wednesday, when it was cloudy all day,
statement:
with rain in the evening; after which it turned cool and last
Week ending Oct. 18, ’78.
Week ending Oct. 19, ’77.
night we had a good frost. The thermometer has averaged 64,
the highest being 81 and the lowest 42.
The rainfall has reached
..
.
-
—
Receipts Shipm’ts
Augusta, Ga
Columbus, Ga....
Macon, Ga
Montgomery, Ala
9,954
4,268
4,827
7,097
5,267
6,722
2,919
2,169
6,339
4,712
Stock.
Receipts Shipm’ts Stock.
7,956
6,908
4,791
6,393
3,404
3,534
7,718
6,543
3,721
729
4,720
4,482
12,484
6,391
1,651
2,490
3,497
5,051
4,105
3,760
2,124
1,370
7,741
2,307
816
5,618
4,477
10,273
563
873
Total, old ports.
33,537
24,231
36,437
36,348
26,662
33,549
Dallas, Texas....
1,485
2,048
1,435
Jefferson, Tex.
Shreveport, La
Vicksburg, Miss
Columbus, Miss..
491
444
826
529
988
543
2,304
3,362
1,923
33
4,939
1,924
4,322
267
876
282
1,504
2,023
1,507
5,454
3,606
955
Selma, Ala
Memphis, Tenn..
Nashville, Tenn..
....
..
..
....
1,938
....
.
....
471
113
1,762
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
1,962
5,627
4,210
2,656
19,204
4,638
1,507
1,759
4,346
3,115
3,367
11,948
4,498
Total, new p’rts
44,444
Total, all
77,981
Eufaula, Ala
Griffin, Ga
The
above
565
488
495
252
1,486
655
1,902
1,479
2,269
727
3,620
21,285
6,108
1,826
1,683
7,860
1,792
548
729
33,976
43,160
29,514
22,346
25,196
58,207
79?597
65,862
49.008
58,745
totals show
that
630
the
old
6,040
1,294
800
1,209
991
5,144
8,148
1,415
interior
stocks have
increased during the week 9,306 bales, and are
to-night 2,888
bales more thaja at the same period last year.
The receipts at the
same towns have been 2,811 bales less than the same week
last
year.
Receipts prom: the
Plantations.—Referring to our remarks
in a previous issue for an explanation of this table, we
now bring
the figures down one week later, closing
to-night:
RECEIPTS
Receipts at the Ports.
Week
aiding— j
Aug. 2.
1876.
1877.
2,691
2,102
1,733
6.
6,153
5,871
7,390
7,151
13,278
19,733
%%
13.
41,457
«<
20.
it
27.
62,998
95,845
122,199
136,074
152,820
««
9.
•«
16.
•i
23.
*<
30.
Sept
Oct.
4.
«<
11.
M
1?.
Total.
1878.
4,335
3,611
3,069
4,657
5,699
15,781
5.835
26,750
12,109
22,345
43,128
70,040
109,264
135,054
47,431
74,355
98,863
130,990
148,158
160,23-
2,614
659,%9 411,33>
719,66'
PROM
1876.
1877.
42,372 22,472
35,182 21,574
28,877 19,118
23,691 17,000
21,621 16,278
20,760 16,449
23,431 16,272
23,904 15,104
38,63? 20,510
57,048 29,729
72,277 41,891
84,871 58,745
1878.
11,005
8,346
6,238
5,999
6,593
9,979
18,911
26,377
37,872
47,203
59,823
79,597
Rec’ptsfromPlant'ns
1876.
1877.
374
....
1,065
1,965
11,214
187^
2,149
1,204
410
2,549
1,126 5,460
3,013 15,784
18,866
5,885 26,750
41.457 11,932 47,431
62,998 21,177 74,355
95,845 43,128 98,863
122,199 70,040 130,990
136,074 109,264 148,153
152,820 135,054 160,233
644,S97 401,823 713,132
This statement shows us that the receipts at the
ports the past
were 160,233 bales, received
entirely from plantations.
Last year the receipts from the plantations for the same week
were 135,054 bales, and for 1876
they were 152,820 bales.
points
Reports
a killing
Telegraph.—Frost, and at many
frost, has finally reached the Mississippi valley, and
by
frost.
Montgomery, Alabama.—Rain has fallen during the week on
days, the rainfall reaching twenty-one hundredths of an inch.
The thermometer has averaged 61, with an extreme
range of 53^
two
and 82.
,Selma, Alabama.—It has rained here
on two days this
week,
light frost is reported.
Madison, Florida.—There has been no rainfall during the week.
The thermometer has averaged 70, the
highest being 80 and the
lowest 60. There will be no top crop in this section, as it has been
eaten by caterpillars.
All the cotton is open and the bulk is in
but is
now
clear and cool.
A very
market.
Macon, Georgia.—Rain has fallen on one day during the week.
averaged 73, the highest being 83 and the
The thermometer has
lowest 58.
Columbus, Georgia.—We have had fain during the week, but
enough to do much good. The rainfall has reached thirtyfive hundredths of an inch.
The thermometer has averaged
not
Savannah, Georgia.—It has rained here
on one
day, the rain¬
fall reaching four hundredths of an
inch, hut the remainder of
the week has been pleasant.
The thermometer has averaged 69,
the highest being 83 and the lowest 57.
Augusta, Georgia.—The weather during the week has been cool
pleasant, excepting a light rain on one day. Accounts from
this section are good, the report
stating that a fair crop will he
made.
Picking is progressing rapidly, and planters are sending
their crop to market freely.
Average thermometer, 70 highest
and
84, and lowest 55.
Charleston, South Carolina.—It has been showery two days of
the past week, the rainfall
reaching one inch and twenty-nine
hundredths. The thermometer has ranged from 58 to 82, averaging 69.
Comparative Port Receipts
and
Daily Crop Movement.—
A
week
Weather
inch and two hundredths;
Nashville, Tennessee.—It has rained here one day, the rainfall
reaching ninety-four hundredths of an inch, but the rest of the
week has been pleasant.
There have been killing frosts on two
nights during the week. The thermometer has averaged 65, the highest being 77, and the lowest 53.
Memphis, Tennessee.—Telegram not received.
Mobile, Alabama.—It has rained severely on one day the latter
part of the week, the rainfall reaching sixty-two hundredths of
an inch.
The earlier part of the week was clear and
pleasant.
Picking is progressing finely. The thermometer has averaged 73,
the highest being 85, and the lowest 61.
Shubuta and Columbus,
Mississippi, had a frost this (Friday) morning, but not a killing
70.
PLANTATIONS.
Stock at Inter’r Ports
one
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same
day of the
month.
We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
may con¬
stantly have before him the data for seeing the exact relative
as
movement for the years
each port
named.
..
First
we
give the receipts at
each day of the week ending to-night.
October
POET RECEIPTS FROM
New
of
Or¬
we’k leans.
D’ye
Sat..
THE CHRONICLE.
19, 1878.]
Mo¬
bile.
SATURDAY, OCT. 12, ’78, TO FRIDAY, OCT. 18, ’78.
Char¬ Savan¬ Galleston. nah. vest’n.
381
5,688
1,161
Tues
2,913
2,244
6,516
Wed
396
555
Thur
1,900
2,964
536
5,918
6,771
5,340
3,732
3,855
Mon
Fri..
710
184
6,321
7,285
5,570
7,147
5,832
7,189
Nor¬
folk.
3,101
4,412
2,877
7,346
3,497
3,438
All
ming¬
others.
ton.
1,023
1,308
1,111
1,064
2,297
862
958
897
8,663
781
1,339
638
3,527 31,304 39,344 24,671 23,513
Year
Monthly
Receipts.
25,343
26,402
29,014
27,764
20,549
31,161
both carded and twisted in with the
wool, until now about
all the lower classes of woolen
goods are doctored in that way.
A significant circumstance in the same connection is
that all the
1878.
1877.
288,848
95,272
receipts Sept. 30..
1876.
1875.
236,868
02*19
05-87
193,576 bales
year were
than
at
the
follows:
cotton-warp mills have been doing
same
more
time in
1874.
year.
1873.
169,077
134,376
115,255
04-03
03-84
03-03
This statement shows that
up to Oct.
more
as
Beginning September 1.
Perc’tage of tot. port
ports this
Total.
6,265 14,676 160,233
The movement each month since
Sept. 1 has been
bales
entirely, for the reason that the public demand
cheap goods and cannot pay for those with wool in them.” Of
course there are finer articles of this
description made of part wool,
and some scarlet
goods are all wool; but they are high-priced, and
at present it does not take but few to
glut the market. Pretty
much the same conditions prevail with
regard to all cloths usually
classed as woolens.
Sales have run
increasingly year by year on
the low-priced makes, and
consequently more and more cotton is
now
*
Tot.. 16,933
Sept’mb’r
cotton
“
Wil¬
5,135
2,735
4,821
3,619
3,584
3,619
“
are
the facts, and
1877.
288,848
44
5....
22,862
44
6....
S.
95,272
13,941
9,741
12,179
10,720
12,903
10,210
S.
44
23,599
2....
“
23,283
17,537
24,181
3....
“
4....
S.
19,445
17,384
44
9....
12....
24,369
24,966
22,539
27,622
25,343
19,304
18,399
21,302
13....
S.
14,875
26,402
29,014
27,764
44
44
44
14....
44
15....
44
16....
44
17....
44
18....
20,549
31,161
Total
685,839
Percentage of total
1874.
134,376
10,714
10,511
12,251
S.
115,255
7,501
7,989
6,452
5,702
8.
17,743
14,766
8,708
8,040
7,611
8,609
11,814
8,131
14,416
18,207
14,587
S.
35,142
21,081
20,815
21,359
38,513
21,034
27,821
S.
20,714
18,726
18,542
20,751
16,819
28,753
S.
377,375
587,398
472,395
S.
32,312
21,822
20,576
20,518
25,171
19,629
1873.
17,584
32,049
24,533
20,722
18,950
20,348
19,812
S.
^
with the
takings of our spinners for the twelve
1st of September.
Agricultural Bureau’s Report
for
the
ceases at
months
ending
1878.—This week the
last month’s
Washington, October 15, 1878.
The October returns to the Department of
Agriculture indicate
an average condition of the cotton
crop of 90, the same as in
S.
27,582
S.
16,470
13,400
12,066
15,572
10,931
15,905
388,289
The fallowing
North Carolina
South Carolina
are
State averages:
81—a decline of
84—an increase of
85—an increase of
84—a decrease of
91—a decrease of
86—a decrease of.;
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
2
4
4
7
1
3
83—unchanged.
103—an increase of
90—a decrease of
102-an increase of
Arkansas
Tennessee
2
8
11
As
compared with October, 1877, the growing crop shows an
improvement of 11 per cent. The October condition fully equals
that of the splendid cropDf 1870, and excels that of
any inter¬
vening year.
Insect injuries are unimportant. The eastern
section of the cotton belt was visited
by storms moving through
narrow zones and
doing much local damage. In the Mississippi
Valley, yellow fever quarantine regulations have restricted the
marketing of the crop. Texas reports a very fine crop, some
counties reporting prospective averages as
high as a bale per
Arkansas has fallen of, through drouth in some
quarters
rains in others.
With the increased
acreage
planted, the crop now promises an out-turn of upward of five
million bales.
acre.
and
excessive
As with these returns the season’s
280,206
reports
are
completed,
we
1
port receipts
S.
18,609
25,800
11....
30,714
15,621
19,854
19,197
169,077
14,531
12,096
21,523
7....
8....
10....
S.
22,115
19,247
44
44
1875.
236,868
being such the wonder
(October) condition figures for 1878 have been issued
than in 1877 and 51,980.
by the Agricultural Bureau at Washington. Below is the report
1876. By adding to the
in full.
19,503
20,116
15,078
16,384
44
44
1876.
driving business the past
additional
September.
1878.
a
-
These
1 the receipts at the
above totals to Oct. 1 the daily
receipts since that time, we shall
be able to reach an exact
comparison of the movement for the
different years.
Tot. Sp.30
Oct. 1
413
08-68
14-54
11-27
11-10
07-36
This statement shows that the
pursue our usual plan for determining their true
meaning.
At the outset, however, we wish to
say that the Washing¬
ton Bureau is not at all
responsible for these deductions. That
receipts since Sept. 1 up to
to-night are now 308,464 bales more than they were to the same Bureau has always issued, in November, an estimate of the crop.
day of the month in 1877, and 98,441 bales more than they Whether it will do so this season we are not informed. We
were to the same
day of the month in 1876. We add to the last should infer that it will not, from the last sentence in the above
table the percentages of total
port receipts which had been report, which states its opinioa that the crop now promises an
received Oct. 18 in each of the
years
Consumption
named.
«' out-turn
of upward of five million bales.”
But we have no
interest in that question at present, for our
object is not to indicate
what the Agricultural Bureau thinks, or will think in
United States.—The very
large
November,
takings by spinners in the United States, as developed by ou
but simply in what way,
to past experience, the nearest
according
annual cotton report, so
surprised us, that we have since then
approach to the true result of the year’s growth can be deduced
continued our investigations to learn more
clearly the reason or from its condition
figures. Proceeding, therefore, in our usual
reasons for it, and have reached the
following results.
manner,
first
we
give
the following as the correct average
First—It seems to be quite certain from the evidence that
the
each State
stocks of the
in
the
for the
material in manufacturers’ hands
were, on
excess of the same time a year
ago to the amount
raw
season:
September 1, in
1S78.
1877.
thirty or forty thousand bales. Such an accumulation by
States.
those able to carry it was most
Av¬
ft
A
natural, in view of the unfavorable
<3
Oct
.
CO
erage.
era*
Oct
.
condition of the visible
supply through the summer, and the
No. Carolina.
87
81
82
86
81
84-0
82
88
constant prophecies of a positive
85
•iTi
88
83
deficiency in September which So. Carolina. 99 104 97 80 84 92 8 91 87
79
SC 0
88
85
were being
made by many good judges. This cotton, however, Georgia
101 105
92
81
85
92-8
89
90
85
77 i 7:
83 *G
was unevenly
distributed, and hence buying was continued more Florida
98 100
99
81
91
944
92
95
93
94
88
92-4 2 0
101 102
92
91
98
90
9)8
94
freely than would otherwise have been necessary. Still, notwith¬ Alabama
94
91
68
91-4
5-4
standing this fact, we have confirmatory proof of the surplus in Mississippi... 98 98 92 89 85 926 91 93 90 88 80 88-4 4-2
Louisiana....
98
95
90
83
83
898
98 102 106
77
92
95-0 ♦5*2
the actual purchases of spinners
during the early weeks of this Texas
104 106 108 101 103 101*4
91
94
96
70
64
83-0 21-4
season; for, if we make proper allowance for the much
91
98
98
90
98
950
94
94
93
99
93
95-6 ♦06
larger Arkansas.,..
amount afloat this year (in transit
Tennessee.
97
92
91 102
98
960
94
96
90
100
100
96*0
north) and temporarily out of
stock, we shall find a considerable decrease in their
Decrease.
takings duriDg the first three weeks.
This statement shows for the season a decreased or
poorer
Second—We have also gathered further evidence of the
condition of 1*2 per cent in North Carolina, of 5 2
per cent in
increasing use of cotton by woolen mills,—a necessary economy to Louisiana, and of 0‘6
per cent in Arkansas, but gives an increased
meet the hard time3.
This fact we remarked upon in our
or
crop
improved condition in all the other States except Tennessee,
report, and have often referred to it before, and the additional where there is no
change. If now we add to these figures of
information now received only confirms our statements.
In truth,
increased and decreased condition the
changes in acreage this
a
knowledge of the market leaves little evidence necessary. For year, as given in our June report, we shall reach the
following
instance, with regard to knitting mills, one can readily see that conclusion. We use our own
acreage figures instead of the
very little wool could be put into drawers selling at three dollars
Bureau’s, because they are a little larger, and we have heretofore
per dozen.
Hence, it is not strange manufacturers of this descrip¬ given our reasons for
believing that even our own figures are too
tion of goods write us that “ most of the
knitting mills are using small.
1
of about
June July.
S3
o
June. July. Aug. Sept.
.
*
,
-
..
•
*
i
•
•
•
fHE CHRONICLE
414
Condition this
Production
1877-78.
STATES.
compared
year
with last.
Acreage this
year compared
with last.
Estimated.
Bales.
Better. Worse
North Carolina..
South Carolina
250,000
325,000
575,000
..
Georgia
Florida
m
•
m
9*2
60,000
20
5*4
Arkansas
625,000
675,000
645,000
735,000
600,000
Tennessee
321,000
Alabama
Mississippi
Louisiana
Texas
Total
production. 4,811,000
1*2
m
6-8
4*2
....
....
....
....
....
5-2
....
21*4
....
Inc.
Dec.
20
252,000
5-0
363,350
....
5 0
656,650
....
....
40
4*0
....
8*0
“
0*6
....
30
....
....
....
....
....
....
....
....
61,200
683,750
730,350
611,460
951,090
614,400
321,000
5,245,250
the condition
figures of the Agricultural Bureau point to a crop
That, undoubtedly, will be considered by
very many a large estimate; but we see no reason for questioning
it, or for believing that the crop will in any event fall below that
5,245,250 bales.
total.
Bombay Stocks
3
The weather has been clear and
warm the past month,
causing the bolls to
freely and the cotton to be gathered in good condition. No storms have
occurred, and the damage from rust and worms has been slight The bottom,
crop was well fruited; the middle was injured in certain localities somewhat
by rust; the top crop, where not affected by rust, is denendent upon the
seasons.
Planters are well up with their picking; the yield per acre varies—
the average b^ing about 350 to 400 pounds of seed cotton; or about a bale to
every three and a half acres—and is a little in excess of last year. The Sea
Island portion of the State was visited by a succession of equinoctial storms,
and has suffered more or less from the caterpillar. This crop will not equal
last year’s, either in quantity or quality.
open
Mobile
of
Cotton.—In
our
cotton
report of August
gave the stocks of
ment of the monsoon, from
the
Department
State
of Alabama as far north as the summit of the Sand
Mountains, and the following counties in Mississippi: Wayne, Clarke, Jasper.
Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston, Lowndes,
uktibiba, Colfax, Monroe. Chicasaw, Itawamba, Lee, Pontotoc, PreDtiss,
Alcorn and Tishamingo. The report is prepared and issued by the Mobile
covers
Cotton Exchange, through their Committee on Information and Statis¬
tics. composed of T. K. Irwin, chairman, Julius Buttner, A. M. Willmarth, J.
C. Bush and S. Haas.
Alabama.—55
shows that under this mode of interpretation
This statement
of
Florida.—21 replies from 12 counties.
Yield of
1878-79,
[Voi. XiVIL
replies from 38 counties.
The weather during September has been dry and generally favorable, and
has caused a rapid maturity and opening of the boils. The average damage
from rust, woims. etc., is about 5 per cent.
Eighteen counties report
that cotton is fruiting well and retaining squares and bol.s. and i5 report shed¬
ding from rust and worms.
Picking has progressed nnidly, some reporting
half picked.” The average yield »er acre is estimated at about 500 pounds
seed cotton, and as compared with last year is .estimate! at about 7 per cent
less.
*•
Mississippi.—25 replies from 15 counties.
The weather has been
dry and favorable for the maturity of the bolls and
cotton at Bombay on the commence¬ opening of the same. Some few report shedding from dry weather. The
from rust, worms, etc., is estimated at about 6 per cent. E’ght coun¬
the circular of Messrs. Wallace & Co., damage
ties rtport that the crop is fruiting well and retaining squares and bolls, and
and also the figures published about the same time in the Bombay seven that it is not. Picking is progressing rapidly, and a good portion of the
crop saved. The average yield per acre is estimated at about 470 pounds seed
Prices Current, and remarked upon a difference in the totals cotton, and as compared with last year 15 per cent less.
which we could not then reconcile. The following letter, received
New Orleans Department
this week from Messrs. Wallace & Co., makes the matter clear, covers that part of the State of Mississippi not apnortioned to the Memphis
and Mobile Cotton Exchanges; the entire State of Louisiana and the Stateand shows,that it arose out of the fact that the packages were of
of Arkansas, south of the Arkansas River.
The report is prepared and
issued by the New Orleans Cotton Exchange, through their Committee on
very dissimilar weights.
Information and Statistics, composed of Wm. A.
we
Bombay, September 13, 1878.
William B. Dana, Esq., 81 William street, N. Y.
Dear Sir:-In the copy of the Commercial and Financial Chronicle of 3d
August, we notice you compare our figures as regards stock of cotton in Bombay
at the commencement of Ihe monsoon with those given by the Bombay Prices
Current, and, as you justly rcmaik, that there appears to be a great d fference
"between the two estimates.
However, in reality the figures are nearly the
same, only in the Bombay Prices Current they have unfortunately left out the
word candies, and you have naturally read the figures to mean ba es.
As the
weight of a candy is 784 pounds and that of a bale about 332 pounds, you will
see our estimates of the total stock are nearly identical.
We have pointed
this out to the publisher of the Bombay Prices Current, who regrets the
omission. We may mention our figures do not include the stocks in hands of
the local mills.
*****
We remain, yours faithfully,
WALLACE & CO.
With the above
explanation, the two statements,
quite closely.
be found to agree
Detailed Cotton Exchange
as
given, will
Acreage Reports for
1.—We give below, in full, the Cotton Exchange
for Oct. 1.
Norfolk Department.
Oct.
Acreage Reports
The Norfolk Cotton Exchange (H. S. Reynolds, Chairman, W. D. Rountree
and K. P. Barry, Committee on Information and Statistics) issues the following
report, covering the State of Virginia and the following Counties in North
Carolina: Rutherford, Lincoln, Catawba, Rowan, Davidson, Iredell, Burke,
Caldwell, Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey,
Rockingham, Caswell, Person, Granville, Warren, Franklin, Nash, Wake,
Hyde, Pitt, Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin,
Bertie, Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northamp¬
Wilkes.
ton and Halifax.
North Carolina.—25 replies from 18 counties in North Caro¬
lina.
Fifteen report weather in September favorable.
able. Some damage by rust is reported, but very
Ten say rainy and unfavor¬
little from any other cause.
Picking has progressed rapidly, and the yield is leported about the same, or
probably betur ihan last, year, and about 200 to 225 pounds lint cotton to the
acre.
Charleston Department
the State of South Carolina, and is prepared and issued by the
Charleston Cotton Exchange, through their Committee on Information and
Statistics, composed of Robert D. Mure, Chairman, L. J. Walker and A. W.
Taft.
covers
Sonth Carolina.—65 replies from 26 counties.
Thewrather is reported, with a few exceptions, as wet and stormy, the
former causing second growth, which, in the opinion of correspondents, will
not mature, and the
if not in quantity.,
.
latter doiug considerable damage in the quality of cotton
worms is reported from two counties—onefifth of the top crop reported gone by this means in one county. Rust has
done considerable damige in several counties.
Picking is reported as v*-ry
forward, with the exception of a few counties, where it has been retarded by
bad weather or sickness, or scarcity cf labor owipg to grain crops. The esti¬
mate of yield varies from 100 to 30U pounds of lint per acre, the average
being
166 pounds.
Twenty-six counties teport the yield as more than last year,
Vsre;.ty-four less, and' fifteen about the same, the average of the State being 2
Damage from
ceut below last year.
Savannah
Department.
This report covers the State erf Georgia and the State of Florida. The report
h prepared and issued by the Savannah Cotton Exchange, through their
Committee on Information and Statistics, composed of J. H. Johnston,
Clavius Phillips, J. J. Wilder, L. G. Young and K. M. Oppenheimer.
Georgia.—90 replies from 55 counties.
of *he weather, with few exceptions, has been most
warm—causing the bolls to mature quickly and open
freely. There have been no storms, and only the Southwestern portion of the
State was visited by worms, and the damage there was
slight; where not
injured by rust, the plant is well fruited and is retaining its bolls. Picking is
progressing rapidly; the extraordinarily fine open season has enabled the
farmer to gather, up to this time, a larger proportion of his crop than usual,
and that, too, in a better condition.
The grade, staple and preparation of this
crop is exceptionally good. The yield varies from 300 to 450 pounds of seed
cotton to the acre; while the crop of this State will undoubted y exceed last
jear’s, the percentage of excels will depend upon an early or late frost, the
ains in August having caused the plant to put forward a heavy top crop.
The general report
favorable - clear and
Gwyn, Chairman, R. L.
Moore, Jesse S. Flower, John M. Witherspoon, J. M. Frankenbush.
.
Your committee regret to state
that, owing to quarantine regu¬
reports have been received from Arkansas, and that
the same cause our replies from Louisiana and Mississippi
lations,
from
no
(the former especially)
are very meagre.
Louisiana.—10 reports from the following parishes: Concordia *
EaBt Baton
St. Helena,
Rouge, West Baton Rouge, Livingston, Point Coupee *
Tensas and West Feliciana. Average date, Sept. 30.
They report the weather during the month as very dry and fine—which
had a favorable effect on the crop.
Slight damage from rust and rot. The
stalk is fruiting well, and retains its squares and bolls.
Picking is progressing
rapid.y. 'l he average yield in above parishes is estimated at aoout five”
eighths of a bale per acr,; and as compared with last year is much better.
Mississippi.—43
replies from
20 counties.
Average date
October 1.
The weather during the month of
which has had a good effect on the crop.
w ll or retaining its glares and bolls.
September has been
very favorable,
The plant is not generally fruiting
Picking is progressing finely; average
yield from one-tuird to* one-half bale per acre,—about the same as last year.
Arkansas.—No report.
Galveston Department
covers the State of Texas, and was prepare! and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
of J D. Skinuer, Chairman, H. J. Anderson, J. M. Kirwan, P. Fitzwiiliam,
Chas. Kellner.
Texas.—77 replies from 54 counties.
Seventy report the weather favorable and seven unfavorable; sixty-seven
report the weather favorable to the plant, causing it to mature and openrkpidly; ten report bad effect, causing it to shed; ten report slight damage by
worms; seven report 10 per cent damage by worms; six report 20 per cent
damage by worms; eight report 25 per ceut damage by worms; seven report
50 per cent damage by worms; thir.v-nine report no damage. No damage by
rust, rot or storms reported.
Sixty-four report picking progressing raoidlySome few complain of want of pickers; two report one-fourth picked out;
three report one-third picked out; seven report one-half picked oui; one
reports iLree-fourths picked out. Regarding the yield per acre, one report
says one-elxth bale per acre; eight report one-fonrih bale ; twenty-two report
one-third bale; twenty-five report oue-half bale; twelve report three-fourths
bale; six report two-thirds bale; three report one bale. As to yield compared
with la*t year, thirteen report the same ; six report less; four report 10 per
cent less; six report 25 percent less;
three report 3!>£ per cent less; one
reports 50 per cent less; six repoit some better; eight report 10 per cent
more; eight report 25 per cent more; eight report 50 percent more; ten
per cent more.
report 100 per cent more; four report from i50 to
Bombay Shipments.—According to our cable despatch received,
to-day, there have been 3,000 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 2,000
bales. The movement since the 1st of January is as follows.
These figures are brought down to Thursday, Oct. 17.
Shipments this week
1878
1877
1876
Great
Brit’n.
Conti¬
3,000
1,000
3,000
1,000
1,000
From the
nent.
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
nent’.
4,000 315,000 387,000
2,000 378,000 412,000
1,000 553,000 374,QOO
Total.
702,000
790,00(i
927,000
Receipts.
This
Week.
Since
Jan. 1.
2,000
867,000
3,000 1,003,000
4,000 1,020,000
foregoing it would appear that, compared with last
there lias been au increase of 2,000 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 88,000 bales,
compared with the corresponding period of 1877.
Gunny Bags, Bagging, &a—Bagging has not been very
brisk since our last report, but a fair jobbing demand is to be
noted, which takes off a considerable quantity of goods. Hold¬
ers are steady as to price, and still
quote lU^@10gc. for If lb.,
10f@llc. for 2 lbs., and ll@llfc. for standard quality, though
the general inquiry is for the light weights.
Butts have con¬
tinued to rule strong in price, and the market has been fairly
year,
October
THE CHRONICLE.
19, 1878.]
—
r
active.
Sales have been made of lots on spot to the extent of
3,500 hales, at 2 ll-16@2$c., cash, as to quantity. To arrive, the
transactions embrace about 9,000 bales at 2±c., 2 9-16c., 2fc.,
2$c.,
gold, and 2fc., currency, according to quality and location of
ships. The market for futures closes strong, with most holders
asking 2£(c&2fc. On spot, quotations are 2 ll-16c. for ordinary,
and 2|@2|c. for best spinning grades.
The Exports
New York
of Cotton from
!
-c
;—n
Liverpool.——, ,—Havre.—% ,—Bremen.—, r-Hamb*rg-»
Steam.
Sail.
Steam. Sail.
Steam.
d.
d.
Saturday.5-16(^11-82
Monday.. 5-16@ll-32
Tue8day..5-16<&ll-32
c.
w
*@9-16
*@M6
*<a>9-16
*@9- 16
*@9-16
*@9-16
Wed’day..5-16@ll-3i
Thursday.5-16^11-32
Friday
5-16^11-32
*
*
*
*
*
*
c.
Sail.
c.
Steam.
c.
11-16 comp. *
—11-16 comp. *
—11-16 comp. *
—11-16 comp. *
—11-16 comp. *
cp. —11-16 comp. *
cp.
cp.
cp.
cp.
Cp.
Sail.
c.
*
*
*
*
%
*
—
c.
comp.
—
comp.
—
comp.
comp.
comp.
—
—
comp.
—
—
this week show an
Liverpool, Oct. 18—4:09 P. M.— By Cable from Liver¬
increase, as compared with last week, the total reaching 17,103 pool.—Estimated sales of the
day were 7,000 bales, of which
bales, against 10,253 bales last week. Below we give our usual 500 bales were
for export and speculation.
Of to-day’s sales
table showing the exports of cotton from New
York, and their 5,500 bales were American. The
weekly
movement
is given aa
direction, for each of the last four weeks; also the total exports follows:
and direction since Sept. 1, 1378, and in the last column the total
for the
same
■xporti
Deriod of the previous year:
ol Cotton(balea) rrom New
Sept. 27.
VorkslnceSeDt.l, 18T8
WEEK ENDING
Same
BXPOBTKD TO
Sept.
Liverpool
Other British Ports
25.
date.
3,153
11,155
9,413
15,927
49,951
3,153
Total French
11,155
9.913
100
345
100
345
....
Bremen and Hanover.
105
Hamburg
•
Other ports
•
•
•
•
«
Europe.
•
•
•
«
15,927
30,938
1,585
50,451
32,573
782
813
115
732
958
1,481
360
1U0
....
1.176
•
.....
....
105
year.
500
2C0
•
....
200
5,302
....
1,176
1,481
1
5,762
Spot.
....
All others
•
Spain, See
•
t
....
3.25S
11,155
10/258
—
....
Mid. Upl’ds ...'2>
Mid. OiTus.
6^10
6^10
5>
.../g)
—
NEW YORK.
17,103
52,664
BOSTON.
PH1LADELP’ IA
39/291
BALTIMORE.
from
Mobile..
This
Since
This
Since
This
week.
Sept. 1.
Since
week.
Septl.
week.
Sept-l.
7,930
44,794
46,059
4,270
.
..
....
....
8*839
1,83.2
*785
This Since
week. Sept.l
....
.
6/797
.,
3,474
....
Florida
•B’th Carolina
fTth Carolina.
285
L223
3,702
26,269
1,7*10
Virginia
7,252
6,4.2
25.689
2*141
5’663
170
502
Tennessee, &c
Foreign..
3852
2,915
10,3:13
996
13,374
3,036
Total this year
31,012
169,848
7,954
21,340
78,140
4,549
North’rn Ports
on
Total last year.
...
the
...'a)
the basis of
d.
Delivery.
b^o'S/
515,63/3132
Oct
Oct.-Nov
Nov.-Dee
351,000
335,000
301,000
194,606
163,000
42,000
8,000
7,000
123,000
63,000
141,000
21,000
9,000
6,000
141,000
45,000
1,000
18,000
14,000
6,000
176,000
111,000
6»i0
6®i0
...'®
'a)
—
6*4
...@
6^4
6yi0
...'a)
6&i0
@
...'©
63jg
6918
2,896
6/194
4.2
599
2,502
6.057
52732-&78
Delivery.
d.
Dec.-Jan
Delivery.
52732
April-May.
d.
Oct.-Nov
Feb.-Mar
57s
Oct
Oct.-Nov
Nov.-Dee
Dec.-Jan
Feb.-Mar
Feb.-Mar
Nov.-Dee
Delivei'y.
Dec.-Jan
"
6532
5%
52932 Jan.-Feb
5%
5*3i0 Mar.-Apr
534
...51316®2532 Oct.-Nov
578
..53i 6®^*bi2
Shipments.
53*
Oct.-Nov., n. crop,
sail
52532
51316
5i5ls
52732
Shipments.
Nov.-Dec.,
n. crop,
Dec.-Jan.,
n. crop,
Nov.-Dee.,
n. crop.,
sail
52033
sail
5131S
£suil........ .....534
Tuesday.
Delivery.
Oct
Oct.-Nov
Nov.-Dee
Dec.-Jan
6r>32
578®2932
534
534
53*
821
2,441
31,119
1,606
9,238
Delivery.
15,927
713
7
Uplands, Low Middling clause, unless
Monday.
12J521
Delivery.
Shipments.
52532 Nov.-Dec.,n.cp.,81,5%
513i6 Nov.-Dee., n. crop,
sail......... ....52032
52532
Nov.-Dec
April-May
Mar.-Apr
Oct.-Nov
Nov.-Dee
Feb.-Mar
5i516 Oct.-Nov. ,11. crop,
sail
513i6
513is
52»32 Nov.-Dee.,n.cp.s’l,5%
Wednesday.
1
9,294 25,371
3/03i
3,362
8,774
Shipping News.—The exports of cotton from the
United
States the past week, as per latest mail
returns, have reached
46,071 bales. So far as the Southern ports are
are
2,000
Saturday.
Mar.-Apr
Oct.... ...........63i6
597
....
229,000
303,000
18,000
5,000
4,000
130,000
24,000
49,000
4,000
36,000
3,000
1,000
387,000
429,000
54,000
■’
40,000
5,000
1,000
4,000
65le
G9i0
Delivery.
2,068
7,651
1,400
44,000
6,000
2,000
Oct. 18.
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y Friday.
....
The following are the
receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since
Sept. 1/78:
New Orleans..
Texas
Savannah
58,000
2,000
29,000
11.
table will show the daily closing prices of cotton for the
These sales are
otherwise stated.
•
....
Grand Total
heoe’ts
Oct.
40,000
....
The following
week :
4.
Futures.
•pain^Oporto* Gibraltar Ac
Total
prev’Ui-
Oct.
16.
Havre
Other French ports
to N.
period
to
Oct.
9.
500
Total to Gt. Britain
Total
Total
Oct.
2.
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock, actual
Total stock’ estimated
Of which American, actual.
Of which American, estim’d.
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
Oct.
same
Oct
6»32
Oct.-Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
Feb.-Mar
52932
5%
5%
5%
534
Delivery.
Oct.-Nov
Jan.-Feb
Dec.-Jan
Feb.-Mar
telegraph, and published in
The Chronicle, last
Friday. With regard to New York, we
include the manifests of all vessels cleared
up to Wednesday
night of this week.
Total bales.
New York—To Liverpool, per steamers
Mediator, 4,202
Russia,
1,930.... Montana, 2.<01 ..Glamis Castle,
4,103
City of Mon¬
treal, 976
Adriatic, 647 ,.>pain, 2,235...
To Bremen, per steamers Hansa, 717
Oder, 459
New Orleans—To
Liverpool, per steamer Ober<
Charleston—To Liverpool,
3,069
Oct
Oct.-Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
5%
Dec.-Jan.,
-
sail
n.
crop,
5%
Delivei'y.
May-Jupe
534
Feb.-Mar
511i6
Shipments.
5llie
Sept.,
n. crop,
sail....
sail
omitted
Shipments.
Dec.-Jan., n.cp.,sl,5Dia
Oct.-Nov., n. crop,
6 *3
Nov.-Dec.,
sail
51118
n. crop,
52133
.51110 Nov.-Dee.,n.cp, s1,511iq
Friday.
15,927
1,176
3,069
2,364
„
...
sail
Oct.-Nov., n.cp.,si,5%
Thursday.
Delivery.
Mar.-Apr
per bark Eleanor, 2,364 Upland
Havre, per brig Pride of Chaleur. 1,600 Upland
1,800
To Barcelona, per steamer
Powhatan, 3,500 Upland....per brig
Albertina, 4i0 Upland
3.920
8avannah—To Liverpool, per steamer
Aurora, 3,239 Upland
3,239
To R val, per steamer Nio, 3,963
Upland
3,953
To Barcelona, per stea uer Elvira. 2.300
Upland
2,300
Texas—To Cork, for orders, p-r
brig Azha, 1,121
1,121
To Bremen, per bark
Artillerist, 1,572
1,572
Wilmington—To Liverpool, per barn Kaleb. 6S0
680
Baltimore—To Liverpool, per steamers Hibernian,
1,200 ...Donati,
1,000
Lovaine, 700
2,900
To Bremen, per steamer
Houenzollern, 20 (additional)
!
20
Boston—To Liverpool, per steamers Illyrian, 26
(additions )... Minne¬
sota, 645
Hooper, 200 ...Istrian, 1.050
1.921
To Putnico, N. 3., per schooner
Diploma, 1
1
Philadelphia—To Liverpool, per steamer Illinois, 698
698
To
..534
Shipments.
Nov.-Dee., n.crop,
Jan.-Febn.cp.,si,5%
...
n,
..52a32
52332
52332
April-May
concerned, these
exports reported by
578
Delivery.
Oct
Oct.-Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
Feb.-Mar
Oct
-G3!©
-558
55s
■
558/d>i,*>-*2
-55s
Delivery.
Mar.-April..
Oct
Oct.-Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
■
...
Delivery.
55g
Mar.-Apr il
52132
Apr.-May
52332
52o32 June-July
5%
52133
Shipments.
52132 Oct.-Nov., n. c.,sl.5%
55q
Nov.-Dee., n.crop,
sail
.
...
51&32'®88
BREAD STUFFS.
......
Friday. P. M., Oct. 18, 1878.
..
There has been the past week an
important decline in the low
grades of flour, common extras having sold as low as $3 50 per
bbl. The depression was the result of unfavorable
foreign
advices,
which
caused
the withdrawal of most of the export
Total
46,671
orders upon the market, and the local trade
bought very spar¬
The particulars of these
shipments, arranged in our usual form, ingly. The figures reached this week are^ among the lowest
Are as follows:
in the history of our trade.
Production is much smaller than
Liver¬
Bre¬
Bar¬
Nova
last
year, and stocks are believed to be but moderate.
Cork. Havre. men.
pool.
Eye flour
Reval. celona. Scoiia. Total.
New York
is
not
15,927
plenty,
and
higher. Corn meal very dull. To-day there
1,176
17.103
New Orleans.. 3,069
3,069
were large sales of common extras at $3
Charleston.... 2,364
50@$3 65, and the dose
i1.300
3,9 0
8,084
...
...
Savannah
T»xas
•
•
*
•
•
•
•
•
•
•
m
m
•
•
^
•
•
3,239
Wilmington,..
Baltimore
Boston
....
.
..
.
Philadelphia..
Total
Cotton
•
«
680
2,900
1,921
698
30,798
•
•
•
•
•
•
•
•
....
1,121
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
2,694
•
•
1
«
....
1,800
•
•
•
•
2,768
....
3,963
as
•
6,220
follows
•
•
•
1
•
was
stronger.
The wheat market
greatly depressed by the unfavorable!
foreign advices, and on Wednesday extreme low figures were
'698 made, namely : No. 3 spring, 79c. on the spot; No. 2 spring, 87£c.
for October ; No. 2 red winter, 98£c., spot and October, and
$1
46,671 for November: No. 1 red winter, $1 on the spot; No. 1 amber
Michigan, $1; No. 2 amber, 97|(®98c.; and No. 1 white, $1, spot
630
freights the past week have been
9^502
20
•
1,121
2,300
.
•
....
3,963
1,572
2y9 0
1,922
was
416
THE
CHRONICLE
cand October. Yesterday, there was a slight recovery from these
values. Receipts at the Western markets show some
increase,
mainly of spring growths. To-day, there was a further advance,
especially in winter grades ; No. 2 red winter, $1 01; No. 1 white,
$ 1 03. After ’Change, 40,000 bush. No. 2 red winter sold a
fl 03*@$1 03*.
Indian corn also declined, No. 2 mixed
selling on Wednesday
at 46c., and options for
early delivery became extremely dull-
however,
steamer mixed sold for December at 46c. There was
scarcely any demand for corn on the spot, and prices gave way
tinder comparatively small
offerings. Yesterday, there was some
recovery in spots, with more doing in futures. To-day, there was
a slight further
improvement. Sales for November at 47*c. for
Bteamer, and 47£c. for No. 2.
Rye has been dull, drooping and unsettled. Barley has mater¬
ially declined, with sales at $1 25 for No. 1 Canada, $1 12* for
No. 2 do. and $1 for 6 rowed State.
lower than
These prices are 15@20c.
asked. Oats further declined
recent extreme
figures
early in the week, but latterly there is some recovery; No. 2
Chicago sold at 29c. for Oct. and Nov. To-day, the market
closed 27*c. with No. 2 graded
quoted at 27*c. for mixed and 30c.
for white.
closing quotations:
Grain.
$ bbl. $2 25® 2 70
Superfine State & West¬
Whe8t-No.3 spring.bush. $0 F0® 0 82
No. 2 spring
0 89® 0 91
No. 1 spring
®
Bed and Amber Winter
94® 1 03
Red Winter No. 2
1 01-2)1 01>£
White
95® 1 05
Corn—West’n mixed,. :
45® 47^
do
steamer grade.
46® 46>f
do
white
51
50®
do
yellow
43
47>s®
Rye— Western
56
53®
...
ern
Extra State, &c
-Western Suring Wheat
extras..'
do XX and XXX
shipping
3
4
....
50® 3 90
00® 5 50
3 65® 3 90
4 (0® 5 50
5 50® 8 95
3 05® 4 50
XX and XXX..
mily brands..
Southern shipp’g extras.
Kye flour, superfine
Corn meal—Western,&c.
4 25® 5
3 75® 4
3 0)® 3
2 40® 2
2 90® 2
Corn meal—Br’wine. &c.
movement
3 00® 3 40
3 60® 3 SO
ex¬
Minnesota patents
City shipping extras
Southern bakers’ and fa¬
The
State
White
40
75
95
Ktnte, 4 rowed
State, 2 rowed
Peas—Canada bond&free
at
r-RECFIPTS AT NEW YORK.—,
jfcpce1
Same
time
1877.
3,317,830
156,780
.4CK472
183,110
,
.nTtl
mpplr
FJotir, hbls. 105,261
C.meal, “
3,202
Corn.
Rye,
81395
*34 ',240
Barley,
Oats,
*
3,187.413
*3,722, v8 2
479,119 12,167,269
60
30
25®
34
26®
1 10® 1 30
95® 1 00
Barley—Canada West
in breadstuff's
1878.
For the
56®
Oats—Mixed
75
10
follows:
/
Corn,
Oats,
Barley,
Rye.
bush.
bush,.
bush.
bush.
bush.
Oct.12.7,101,827 81,147,535 88,661.090 19,515,712 3,238,563 8,934,657
1877
to
Same time
Same time 1876
Same time 1875
5,771,053 25,313,785 69,867,128 15,683,497 3,247,584
7,428,469 33,458,612 70,772,687 19,740,921 8,651.740 1,875,345
886,021
7,217,392 40,361,598 48,054,423 14,863,462 1,472,310
295,665
EXPORTS FROM
UNITED
MONTREAL
Flour,
From—
New York
Boeton
Portland
Montreal
®
bbls.
this market has been
6,092
10,786
19,481
,
IS178.
For the
Since
w ek.
Jan. 1.
43.267
3,498
1,934,3(5
163,103
,596,(96 :U43,752 43,105,527
,924.570
419,38 1 23,288,764
,38.', 149
93,256 3.514,801
,60:,820
2,210 1,512,653
970, .86
179,841 3,1.9,028
,
18
For the
Since
Jan. 1
week.
33.967
1,016,287
5,496
175.3-9
In Store
New York
OCT.
.
Flour,
Wheat,
bhls.
AT—
bush.
(196 lbs.)
Chicago
88,671
50,859
Milwaukee
Toledo
•,
Total
Previous week
1
TO
OCT.
Corn,
bu-h.
(<0 1bs.) (56 lbs.)
1,016,193 1,067,<*15
549,712
16.930
100
425,430
118.573
6.784
2,518
28.756
1,978
39,6' 0
2,230
516,021
12,-.00
318,582
22,680
3,100
112,905
133,018
132,641
159,053
141,961
3,033,723
3,094,554
bush.
10,068
54.010
144,715
6,072
24,700
93,243
114,050
16,;O0
1,442,881
bu?h
(32 lbs.) (48 lbs.) (56 lbs.)
359,593
4:3,327
86,979
45,(5)
189,770
17,860
16,706
70,658
7,120
42,400
78,498
....
Rye,
bush.
71
1,600
16,492
,
11,200
....
656,370
794,861
72:*,496
764,561
25,545,254
19,3 8.123
20,129,295
19,935,130
109,103
138,072
bush.
2,789
•
•
204,660
201,892
639,148
260,298
1,708
•
•
•
•
•
Corresp’ng week,’77.
2,898,646 1,363,072
Corresp’ng week,’76.
2,231,826 2,428,136
Tot.Dec.31 toOct.I2.4,384,295 66,208,214
79,603,046
Same
•
420
•
• •
•
.
Milwaukee
Duluth
.
.
Toledo
Detroit
.
Oswego*
,
St. Louis.
Boston
Toronto
Montreal
.
.
.
Philadelphia
Peoria
Indianapolis.
2,390,410
29,000
7,000
543,623
2,355.692
1,099,832
207,233
553,090
440,353
130,000
731,023
96,056
115,233
115,425
279,163
283,000
267,390
1,398,404
43,000
144,354
1,429.856
605 8:9
22,522
81,119
933,175
744,912
•
•
>
•
377,000
3,721
150,000
192,512
264,133
209
193,405
169.947
811
99,236
11,703.489
12.804,249
.
1,517,360
319,585
12,473,859
12,589,331
9,749,498
10,974,544
Rye,
bush*
11,0 5,074
.
Barley,
58,543
95,967
9,803,943
11,134,092
11,2)3,242
10.600,568
11.362,411
11,846,378
11,035,671
10,556,764
•
•
•
114.000
63,500
95,317
274,195
49,541
209,897
•
•
•
.
21,000
5,254
6,000
4,054
-
-
*
....
2,789,867
3,311,5.7
2.297,742
864,313
812.182
103,743
130,470
15,210
8,603
•
•
•
91,004
8,799
181,158
46,551
•
#
142,399
87,705
6,018
m
m
m
m
115,191
1,745
+ »
m
141,162
34,671
a
5,709
m
328,034
275,514
102,(00
227,780
3,713,632 4,142,867
3,942,782 ?,774,721
4,243,525 3,088,073
4,115,278 1,881,953
4,318,273 2,260,901
3,943,8*8
3,557,324
3,018,079
4,150,341
14,911
123,000
58,(00
187,778
348,000
1,260,292
1,244,086
1,552,949
1,078,074
1,0*6,128
1,555,814
1.301,247
977,056
695,322
1,205,604
2,403,731
695,441
673,969
Estimated.
been
a
continued
1,490,430
886,991
Corresp’ng week,’77. 251,868 2,703,731
124,4(5
521,491
140,354
149,390
;
Domestic
Friday, P. M., Oct. 18, 1878.
movement in nearly all
sluggish
Woolen Goods.—The successful
auction sale of
m,
m
996
^
m
960
623,970 141,322
610,v87
141,837
442,936
85.319
617,950
118,722
6,744,472 4,064,296
5,659,799 4,352,407
5,617.176 1,391,954
3,874,757 2,317,123
3,813,621 2,004.987
2,806,013 1.399,300
2.647,937
854,538
2,319,5 (2 752,811
316,118
205,015
•
575 000
....
Previous week
•■
•
bush.
,14,701,428
13,099,673
,
5, 1878
bush.
309,499
210,879
1,330,604
1,100,000
.
.
Oats,
bush.
82,709
199,108
579,534
465,911
1,921,451
2,500,000
Kansas City
Baltimore.
Rcil shipments, week.
Lake shipments, week
On canal
Corn,
bush.
2,155,714
.
3,224,807
•
109,103
67,478
74,165
65,682
64,257
193,679
-63,780
38,225
; from Richmond
...
241,419
276,(65
•
64^689
»
agents’ prices. The most important event of the week was a
peremptory auction sale of about 4,000 pieces Weybosset mills
fancy cassimeres, which brought together a yery large company
time 1877
3,471,686 35,4*2,001 66,483,416
of buyers.
The competition was'quite brisk, and the entire offer¬
Same time 1676
4,094,930 41,581,521 67,466.103
Same time 1875
3,( 53,453 50,752,423 40,189,826
ing (amounting to over $200,000) was readily disposed of at good
Tot Aug.l to Oct. 12.1,187,636
32,201,227 27,098.894 11,384,213
average
prices.
Same time 1877
1.237,814 25,140,383 23,577,829 8,5:2,649
8ame time 1876
,1,159,062 15,137,383 25,061,755 0,892,587
Domestic Cotton Goods.—The exports of cotton goods from
Same time 1375
1,(25.539 20,343,635 1 2,457,307 9,273,7<-l
this port to foreign markets during the week ending October 15
SHIPMENTS OF FLOUR AND GRAIN FROM
WESTERN LAKE AND
were 1,189
packages, 409 of which were sent to Great Britain, 315
RIVER PORTS FROM DEC. 31 TO
OCT. 12.
Tot.Dec.31 to Oct.12.4,454,167 49,526 954
to United States of Colombia, 95 to Brazil, 81 to
69,422,52)
17,884,217
3.381,790
Venezuela, 50 to
3,062,493
Same time 1877
3,678,533 30.624.799 58,6 9,447 14,921,6*8 3,617,810
2,068,897 Japan, 43 to British North American Colonies, 43 to
Same time 1876
3,466,171 37,957.2 2 62,840.260 17,103,670 2,193.925
Hayti, 42 to
1,540.556
Same time 1875
4,013,352 43,293,291 36,047,910 14,728,296 1,793,850
660,787 British West Indies, 39 to Danish West Indies, &c.
The market
RAIL SHIPMENTS OF FLOUR AND
GRAIN FROM WESTERN LAKE
continued unsettled during the week, and there was a manifest
AND RIVER PORTS,
Week
tendency toward lower prices, especially on fine brown sheetings,
Flour, Wheat,
Corn,
Oats,
Barley,
Pye,
ending—
bbl a.
bush.
bush
bush.
bush.
some
bush.
large sales of which were made to home and export buyers
Oct 12, 1*78
4‘5,911
326.034
210,S79
227.780
11,9(1 at low
Oct. 13, L77
307.659
figures. Bleached goods ruled quiet, and colored cottons
134,110
41*,844
163,436
6,73s
Oct. 14, 1876
397,835
811,963
406,307
191.771
28.063 were devoid of animation; but low
Oct. 16, 1875
grade cotton flannels were in
3(8,584
24J,091
450,274
123.949
15,34b
RECEIPTS OF FLOUR AND
steady request at unchanged prices. Print cloths remained quiet,
GRAIN AT SEABOARD PORTS FOR THE
WEEK ENDED OCT..
and prices suffered a further decline, closing at 3*c.
12, 1878, AND FIDM DEC. 31 TO OCT. 12.
cash for
Flour,
Wheat,
Corn,
Oats,
Barley,
Ry<\
At—
64x64s,
and
3c.,
bbls.
cash,
to
3*0.,
thirty
days,
56x60s.
were
for
Prints
bu-h.
bush.
bush.
bu-h.
bush.
New York
108,680 1,574,822 1,799,276
in
649,498
214,108
140,890
relatively light demand, and tho stock of American fancy
Boston
45,5)1
70,250
9K,710
64,615
22,510
Portland.
2,800
prints
was closed out to a large jobbing house, who placed them
7,0(
0
3,000
Montreal
29,254
438,494
430,570
1.7.78
the
on
market at 5£c., less 4 per cent by the case.
2
Philadelphia
<,120
Ginghams
294.700
452,700
109,200
7,500
79,500
Baltimore.
25,264
6;3,800
155,600
continued
35,100
inactive,
and
there
was a light and irregular move¬
1,000
New Orleans
770
24,711
411
1,112
ment in cotton dress goods.
Total
1,875,203
•
•
descriptions of cotton and woolen goods from agents’ hands, and
foreign goods were in light and irregular demand. There were
exceptional cases of large transactions in brown cottons and
prints, stimulated by lower prices, but the general demand was
restricted to such small lots of
staple and department goods as
were actually required for
keeping up assortments. The jobbing
trade remained quiet, owing to the unseasonable mildness of the
weather, which has materially checked the distribution of winter
fabrics; but a few of the larger houses effected a fair business by
offering certain makes of cotton goods and calicoes at less than
12,
Barley,
179,301
THE DRY GOODS TRADE.
12.
Oats,
494,981
200
160,650
POUTS FOR TIIE WEEK ENDING
FROM DECEMBER 31 TO OCT.
AND FROM AUG.
Detroit
Cleveland
St. Louis
Peoria
Dulnth
.
There has
12, 1878,
bush.
259,202
Wheat,
at—
857,456
Including malt.
RECEIPTS AT LAKE AND RIVER
Peas,
bush.
The Visible Supply of
Grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, and in transit
by lake, canal and rail, Oct. 12,
1878, was as follows :
378,598 20.309.737
78.281 1,710,590
52,290
7,693
Oats,
bush.
99,604 2,484,128 1,354,445
181,629
118,189 2,711,082 1,394.215
98,154
88,170 8,253,309
903,241
168,804
71,357 1,194,643
943,265
40,353
From New Orleans 20,000 bush, wheat tnd
1,236 bbls. flcur
6,500 bbls. flour.
*
9:0,618 11,308,249
188,144
FROM
12, 1878.
Total for week..
Previous week
Two weeks ago
Same time in 1877...
Sepl. 23, 1878
Sept. 21, 1878
Sept. 14, 1873
Sept. 7,1873
Aug. 31, 1878
Aug. 24, 1878
Oct. 13, 1877
EXPORTS FROM NEW YORK.
PORTS AND
•
Baltimore
Oct.
as
Corn,
bush.
146
Total
85
SEABOARD
Wheat,
50,1-05 1,284,124
12,794
168,052
Philadelphia
.
72®
STATES
FOR WEEK ENDED OCT.
Chicago
Flour.
No. 2
do
Tot.Dec.31
Wheat,
bbls.
Albany
r
tras
Flour,
Buffalo
The following are the
do winter
[Vol. XXVII.
result
of
the
fancy cassimeres alluded to above has given
a
THE CHRONICLE.
October 19,1878.1
slightly improved undertone to the market for men’s-wear
woolens, but transactions were few and unimportant, because of
the mildness of the weather.
Fancy cassimeres ruled quiet, and
overcoatings were in light request for clothing purposes ; but
makes adapted to the wants of cloak manufacturers met with
fair sales.
Heavy worsted coatings were taken in small lots to a
fair aggregate, and considerable orders for
light weights were
placed with manufacturers* agents. Cheviot suitings were in
fair demand, but selections were
mostly restricted to relatively
small parcels of the best makes. Matelasse and
diagonal cloak¬
ings were in steady request, but repellents remained quiet, and
Kentucky jeans and satinets were lightly dealt in. Flannels and
low to medium grade blankets were distributed in moderate lots
to a fair amount and prices ruled
steady.
Foreign Dry Goods.—There has been a
steady demand for
light re-assortments of foreign goods, but the volume of business
was quite moderate.
Cashmeres, low-grade black and colored
silks and trimming velvets were
severally in fair request, but
fancy dress goods ruled quiet. Linen and white goods continued
in light demand, and
Hamburg embroideries and laces were only
in moderate request.
Men’s-wear woolens remained dull, and
Italian cloths were lightly dealt in. The auction rooms
were
fairly attended, but there was an absence of spirit in the
demand, and buyers manifested no disposition to
anticipate
417
Exports of Leading Articles
The
from New York,
following table, compiled trom Custom House
returns,
the exports of
leading articles from the port of New York
the principal
foreign countries since Jan. 1, 1878 the
shows
all
to
totals for the last
week, and also the totals since Jan. 1,1878
and 1877.
The last two lines show total
values, including the
value of all other articles besides
those mentioned in the table.
^
rl
S
^ TO
doS2 £S® ^
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Ob "2*
Oi O 5^ GC *0
^ JISS
2s*5 ®
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eoooawHawosscuooao^co
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Importations of Dry Goods.
•gj
importations of dry goods at this port for the week ending
Oct. 17, 1878, and for the
corresponding weeks of 1877 and 1876,
follows
1875
Pkgs.
Manufactures of wool....
671
530
451
cotton..
silk
....
flax....
357
Total
1877
Value.
Pkes.
$252,592
162,877
390,131
149,090
107,019
549
Miscellaneous dry goods.
2,558 $1,061,709
336
159
63
304
...
Value.
•
Tjt
.to
«
•
•
•
• o
*cd
o_ •
*00
•
•
1,329
411
176,964
133,460
3,718
$1,001,322
$138,856
44,395
451
651
623
784
340
174,944
236,116
os o to
CO => O
I.JMH
47,741
141,834
70,694
$93,702
85
23,337
50,583
23,092
72
226
123
$466,897
765
1,004,322
2,854
1,576
3,713
Total thrown upon mark’t 3,578
$1,403,340
4S.900
72,359
5,294 $1,471,219
$114,843
48,862
126,594
Miscellaneous dry goods. 2,828
16,653
Total
3.635
Add ent’d for consumpt’n 2,553
$3*3,432
1,631,709
2,005
3,718
156
132
211
.
flax
56,475
Total entered at the port. 6,193 $1,425,141
imports of
O
05
•
rttitZ
Art O
MOOSO
•
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.
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.
214
31,154
85,656
$89,930
75
48
2:8
117
31,274
26,652
$378,673
1,034,322
5,723 $1,382,995
Bark, Peruvian.
Blea. powders..
Cochineal
Cream Tartar...
Gambier
Gum, Arabic,...
Indigo
Madder&Ext.of
Oil, Olive
Opium
Soda, bi-carb...
Soda, sal
Sodaasb
Flax
25.443
4,010
7,19)
113,154
37,900
29,874
22,330
2,614
•
•
•
Hnir
Hemp, bales..
Hides, &c—
Bristles
Hides, dressed..
rubber
Ivory
Jewelry,
33,320
Watches
Linseed
Molasses
rH
•
y-t
•
Ct
•
15,272
3,128
5,109
4,144
32,6S0
784
16,601
48,576
52,n00
5,215
1,049
3,8'iO
138,318
2322
OD
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CQ CO
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82:22
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.HfiHOO
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.OiO*-,'d“'5CTiWONT»n<iO
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$233,901
2,854
1,044.468
3,536 $1,278,369
Since
Metals, &c.—
Cutlery
11,690
32,272
3,279
Hardware
*‘
♦
aS
.
•
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CO
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Steel
13,857 Tobacco
23,417 Waste
2,963 Wines, &c—
Champagne.bkte.
....
50,373
Wines
4,334 Wool, bales
i..
4,001 Articles reported by
5,116
value—
35,190 Cigars
-
1,070 Corks
18,831 Fancy goods.......
50,984 Fish
50,317 Fruits, &c.—
4,288
Lemons.
5,191
Oranges
-4,716
Nuts
100.814
Rice
1,019
1,370
3,949
34,319
5,005
47,293
1,410
569
2,007
2,241
443
213 968
391
278,373
73,788
84,492
Spices; &c.—
Cassia....
384
721
.CO QD
•
lab^
•
•
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.o »- T-l
66,672
108,825
•
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*
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.
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.
•
.
105'
‘p*
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•
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$
974,836
49.521
52.889
702,203
315,915
646,537
793,383
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8,517,799 9,668.373
225,844
265,508
gg
80,105
109,328
419.169
342,199
•
Logwood
00TZ
00 *£T
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it-coo*
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31,908
859,225
315,583
322/80
159,136
.
....
•
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»i
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^0
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46,715
Saltpetre...
Woods—
Cork
Fustic
705,810
48,642
121,875
Ginger
Pepper,
O
p.©*
39,800
762,305
45,469
573,907
667,459
I— 05
595
1,203,433
877,398
1,338,910 1,203,326
2,528
Raisins
107,389 Hides, undressed..
CO T*
...
3,122
763.206
1,131.623
'CO
'
1
•
5,716
$
CO CO .—4
co
co
rf)
858,916
34,281
72,057
106,914
26,011
05 {> 10
O ® r-
.
•
—1
Same
1877
*
•
.
L-
»
£47
Lead, pigs
Spelter, lbs
241,920
29,042
6,453
5,381
&c.—
Jewelry
.
—'xrT •
I.
0300
44,477
Tin, boxes
943.351
826,891
Tin slabs,lbs.... 9,087,691
8,576,008
57,111 Paper Stock
102,509
155,522
17.554
19,697 Sugar, hhds, tcs. &
1,299,588 .1,435,902
bbls
500.626
487,677
4.554
4,069 Sugar, bxs &bags. 1,732,117 2,332,903
Tea
2.432
Pars
Qannv cloth
India
11,702
30,056
175,564
c
227,368
Jan.1,’78 time
Earthenware-
Coffee, bags
Cotton, bales
Drugs, &c—
toc
Leading Articles.
China, Glass and
Oocoa bags
.c»05
^
TT t-
fft o
OO QO
aS
1,044,468
$160,627
Since
Same
Jan. 1/76 time 1877
tons
c*
os toetc-m
•
•o»
-1
c-
I
M
Coal,
-
•
CO
38,245
21,496
[The quantity is given in packages when not otherwise
specified.]
Baltons
o»*
00 c*
3,619 $1,271,836
74,584
OO
.
QO
table, compiled from Custom House returns,
imports of leading articles at this port since
January 1, 1878, and for the same period in 1877:
.
T) OO
uL)
.
The following
allows the foreign
China
00
r-1
308
437
103
92
426
947
silk....
mhoii
V«ooo
BNTBBBD FOB WAKEHOUSING DUBING SAMB PBBIOD.
Manufactures of wool....
cotton.
— m
.OiO-'OOOTHH
’
2i3
$346,631
1,051,709
do
^rt-eoioo^eo
CQ0
2,854 $1,044,468
$186,536
1,02()
consumpt’n 2,558
do
do
—
.i-oa510 et to
•i-tu*
u»
■
$217,695
174,202
392,855
165,892
93,824
532
42,102
Miscellaneous dry goods.
Earthenware..
Glass...........
Glassware
Glass plate;....
ost-f..
0*0
M
.
$232,838
153
..
Total
Add ent’d for
•
• co
••raw
•
.
17, 1878.
1878
Pkgs
Value.
*
625
767
556
175
161
417
321
do
J^ • x
~’
•
*
^
•
trj
cotton..
silk.
flax....
do
•
rr
coot
SAME PBBIOD.
do
2
•x
fl oiofl
WITHDBAWN FBOM WABBHOU8B AND THBOWN INTO THB MABK.BT
DUBING THE
Manufactures of wool
co -o
oo
•
•
:
BNTBBBD FOB CONSUMPTION FOB THB WBBK ENDING
OCT.
do
do
do
*2
•
*-*
The
as
.
<0
future wants.
have been
S?
«e5
r* <«n
i-<t*»OlO*0»<D®T<*3ac-'5l'N-o35
^■’O'7*'*■* => 3 « © ©
321,168
35,3r0
504.477
47,841
--
358,729
26.076
476,350
39,754
.
,®cu®a
3 3r*
n
>,SetS 3
§
2 m? g o S
o o d
2
o
®
OD
*fl
*
.
: O
R 5?
S
q'3£
5aqt*.-sa^ao*4 goqoQf«o»2 S-g-g'
000qp»^<
oo
> o «
UENBRiL
PRICES CURRENT
A8HK*-.
4*0
Pot, first scrt.
ft ft.
BBEAD8TUFF8—8eespeci»l report.
BUILDING MATERIALS—
Bricks—Common hard,afloat..ft M 2 25 0
;uo d
Croton
4*
4 75
you
26 00 0 28 00
Cement—Rosendaie
....V bbl
0 1 CO
time— Rockland common....ft bbl.
90
85
Lumber—tine,g’d to ex.dry.ft M It. 45 00
Pine, shipping, box
18 90
do tally boards, com.to g’d,each.
22
Oak
V M. It. 88 00
Rockland, finishing
60 00
22 00
80
45 00
45 00
38 00
Ash, good
20
14
Apruce boards A planks, each
Hemlock boards, each
Maple
ft M. ft. 25 00
/falls—:O06Od.com,fen. A sb.fi keg 2 15
Clinch, IX to 8 In. A longer
4 25
2
5
4
2
9
0
.
0
Cutspikes,allsizes
5
6
•
22
23
0
0
16
13
0
8
State factory,primetochoice....ftft
Western factory, g’d to choice..
“
9
0
6* ft
COAL—
8*
...0 8 50
12 00a 13 00
Liverpool gae cannel
Liverpool house cannel
Anthracite—The following will show prices at
last auction or present schedule rates:
Penn.
D.L.&W.
D.&H.
Sched.
Auction.
Sched.
Sept. 25.
N. Y.
Harbor.
New-
Egg
....
4 l'7*
3 52*
Stove... 4 oa
Ch’nut.. 3 50
*
50
3 80
4 23
3 65
@3 70
3 65
8 75
cents per
do good,
do prime,
Java, mats
..
.
13*0
“
gold.
gold.
do
do
gold.
gold.
gold.
gord
“
14* a
12
9
gold.
gold.
“
*
14
15
9
“
ft
Bolts
ft.
Sheathing, new (overl2 oz;
Cochineal,Honduras, silver...
Cochineal, Mexican
Cream tartar, powdered
Cuhebs, East India
Cutch
Gambler
Ginseng
per
100 lbs.
ft
14
16*
9
17
15*0
OH
7U
U'%8
85
&
2*3
4a
*6
50
1
•
9
5
9
•
3 75
1
1
75
75
Sardines, ft half box
ft ft
ftft.
sliced
do
quarters
Peaches, pared, Ga., g’d to ch’ce ’78
do
unpared, halves and qr«...
Blackberries (crop 1878;
Raspberries
Cherries, dry mixed (crop 1873)
Plains, State....,
1
4 <5
1 1.
17
29
23
28
8
5*
19
IV
,,,,
.
••
8 70
l 50
1 15
2 ‘
70
20
7
9
9
12
6 50 a
16*9
12*9
4 0
8 @
4*9
4 9
7 9
8 9
5 9
26
15
11
11
9
9
9
9
'4*
14
6*
10*
i6*‘
8 00
17
U*
14
‘7*
io*
0
10 0
8*0
11
12
10
0
9*0
80
9*
9
9
9
9
ro
35
5*
1?*
3*
5*
27*
15*
13
12
6
6 00
3 25
41
39
...
86
Foreign
None.
4 75
5 25
4 75
100 ft.gold. 5 97*0
cur. 4 8i*0
common
Pepper, Batavia
do
Singapore
do
ft ft,gold
....0
12*0
white....
Cassia, China Llgnea
do
...
Batavia
19
ft ton. 16 50
15 50
14 50
0 18 00
0 16 50
(ft 15 50
22 75
9 21 0)
Store
Prices,
Nutmegs, Batavia and Penang
Pimento, Jamaica...
•
•
•
•
1C*
4
(0
00
...
•»
Whiskey, Scotch
44
Irish
44
4*
—V
20
"
5*
**
1?*3
20
25
23
25
rough
Slaughter crop
22*
21*
....
Oak, rough
22
23
27
23
26
0
0
14
44
8 75
4 00
8
3
P
8
cast
60
2 08
....
“
blister
cast, Tool...
50
00
60
....
gold.
0 17 00
0 8 00
0 4 00
3 25
a
0 4 00
0 3 90
0
2 10
at
l 12*
8 59
9
Store Prices.
16
14*0
6*
6*0
9
cur.
spring
machinery
German spring
0
14
9*0
10*0-
10*
11*
....0
....0
...0
....0
..0
9
16
9
10
.
•
••«
SUGARInferior to common refinlug....ft ft.
F ir
44
Good refining
44
Porto Rico, refln., fair to prime “
Boxes, clayed, Nos. 10012
“
Ce ntrifugal, Nos. 7013
44
Melado
•*
Manila, sup. and ex. sup
44
Refined—Hard, crushed
Hard, powdered
do granulated
do
0
0
20
ft gall.
Batavia. Nos JL"012
Brazil, Nos. 9@ll
40
60
0
10
85
15
83
...
ft gall.
44
44
5*
6*
•
86
Cloves
do stems
English,cast,2dAlBtquality ftftgold
English, spring,2d & 1st quality.. 44
English blister, 2d A lstquallty.. **
English machinery
“
English German,2d A 1st quality 44
50
5
8-10
0
.0
....0
0
80 0
....0
do
Calcutta
Mace
American
American
American
American
American
19
21
20
20*0
Ginger, African
do
1-*
....0
8TEKL—
37
41
'39
88
<2
6 00
5 25
SPICKS—
Brandy (Cal.) dellv. in N. *....
42
40
....9
Hemlock,Buen, A’res,h.,m.Al.ftft.
California, h., m. & 1
common hide,h., m. Al....
9
«
9
8PBLTER—
Alcohol
Whiskey
9
9
@
9
9
6*0
cut loaf
7 9-16
7*ft
7*0
8 5-16
4*a
6*0
6*
7*
7*0
S
•*
44
6* 6
9*0
9*0
7*
9*0
*9*
'
....
44
9
8*4
8*0
7*0
7*0
Yellow
44
44
“
••
44
Molasses sugars....,
44
“C”
7*
44
44
Coffee, A, standard.
do
off A
.•
7*
7*
7*
..0
7 &- «ft
44
44
White extra C
Extra C
7
0
9*
8*
8*
h*
7*
7*
None.
MOLASSES—
Cuba, clayed
ft gal.
Cuba, Mu8.,refln.gr’d8,50tesl.
“
do
do
grocery grades.
“
Barbadoes
“
Demerara
Porto Rico
N. O., com. to
“
“
prime
....9
32 S
....at
33
Nominal.
Nominal.
32
TEA—
ilyoon,
45
45
9
9
“
...
TALLOWPrimecity
NAVAij STORK8-
Tar, Washington
Tar, Wilmington
Pitch, city
......ft bbl.
**
“
7 gal.
Spirits turpentine
Rosin,
strained to good strd.fl bbl.
"
low No. 1 to good No. 1
low No. 2 to good Ho 2
low pale to extra p fie,.
window glass
“
“
“
H
2 20 a
2 20 3
....3
2 37*
2 37*
2 00
29
28*3
1 40
1 70
1 50
2 50
4 00
9
2
0
is*
do
do
Flloerts, Sicily
Walnuts, Naples
'a*
0
OAKUM—Navy,U.S. Navy & best *n>.
ft gal.
Linseed, casks and bbls......
Menhaden, crude Sound.....
•
•
•
•
4*9 ‘
12
8*0
10*
-.
r*
“
*
40
1 15
58
42
1 20
0
62
c0
90
54
45
90
1 05
52
27
“
"
44
“
“
6U
53
43
85
•
1 02
45
“
OIL C4KE-
Clty, thin oblong, bags, gold, ft ton.
Western, thin oblong (Dom.)cur “
PETROLEUMCrude, In bulk
ft gal.
Refined
“
“
Naphtha,City, bbls
“
Pork, me8s,spot
Pork,extra prime
Pork, prime mess, West
duel, p ain mess
Beef, extra mess
Carolina, fair to prime
Louisiana, fair to prime
Rangoon, In bond,
Patna, auty paid
SALTTurk’sIsland
St. Martin
Liverpool, Ashton's fine
Clover,Western
Clover, New York State
Timothy
Canary, Smyrna
Canary, Sicily
Canary, Snamsh
Choicest
:
Ex fine to finest
do
Uncolored Japan,Com. to talr..,
00
Sup’rtofine
do
0 Sh 50
28 530 29 25
...
...
13
5
14
a
0
9* a
7*0
*8*
8 50 a
ft bbl.
“
...
“
8^5
0
....&
....0
....0
18 00 0 16 50
•*
"
“
..
ft ft
"
"
....0
10*0
6-5U0
Ex.flneto finest
do
Superior toflne
do
Ex flneto finest
do
Choicest
Souc. A Cong.. Com. to lair
do
Sup’rto fine
do
.
Rt flnpto
finest.
do
Choicest.
$
8*
....0
....0
ft bush.
9
ft sack.
02 50
28
•&....
ft ft.
•
•
•••
•
• •
1 15
1.
ft hush.
.
a
.•1
(Jan&ry, Dutch
Hemp, foreign
Flaxseed, American, rough..*
Linseed, Calcutta
ft 56 ft.. gold.
Linseed, Bombay
ft 56
gold.
a
.
.
.
»
-
2 10
- -
-
9
.9
0
0
1 40 0
11 48
46 9
2 05 0
•
• •
7*
0
1
1
2
2
1
1
1
2C
SO
25
25
SO
45
50
2
07*
* •••
4*
0
a
l»
27 \%
40
55
.
25
33
50
23
85
50
70
TIN—
gold, ftft
“
Banca
Straits
English,refined.
...»
^ 75
5
**
oa
16*
13*
14*
5 50
6 00
ftbx g d. 5 80
Plates.I. C., coke..
aha* fauna
Plates.char. terne..
D1 of
TOBACCO—
Kentucky lugs, heavy
ftft
leaf,
44
com. to fine.
Seed leaf—New Eng.wrappersNS-77
do
fillers, ne-’V.
Pa. assorted lots, Ib-H
Yara, 1 aDd II cuts, assorted
Havana, com. to tine
Manufac’d,ln bond, black work
“
“
bright work
WOOLAmerlcan XX
American, Nos. 1 A 2
ftft
8*0
5*0
10 0
6
8
78
75
0
11
0
0
30
33
a
14
No.1, Pulled
California, Spring ClipSuperior, unwashed
25
0
.—BTXAM.
To LiVMFOOL:
Cotton
ft ft.
Flour
ft bbi.
Heavy goods, .ft ton.
Corn.bTk A bgs. ft hu.
Wheat, bulk A bags..
Beet-;
Pozk
V tee.
V bbl.
s. d.
«.
a.
5-16 i 11-32
3 1*0 3 5
i47 6
35 P
.
7*.%....
l*
*
4 6
0....
•M
40
35
37
43
33
20
0
0
0
0
13
9
15
12
FREIGHTS—
82*
1 20
28
25
23
Burry
gold.
5
13
S5
7
10
28
24
16
20
26
90
26
26
22
15
Texas, fine. Eastern
Texas, median). Eastern
Smyrna, unwashed
w
SO
18
Fair....
Inferior
South Am.Merlnc, unwashed
Cape Good Hope, unwashed
W
9
0
0
0
0
38
7
.9
(ft
1
1 85
85
-
.0
21
8245-
Nominal.
American,Combing
6*0
6*0
@
0
a
18 <3,
23
27 @
34
33 0
45
14 &
15
16 0
17
Nominal.
22
17 0
P3
26 0
86 0
45
23
IS 0
83
26 0
45
85 a
18
Extra, Palled
ft ft.
“
ft 10c ft
•*
22
84
40
Nominal.
Oolong, Common to talrw,
OILS—
Cotton seed, crude
Olive, in casks ft gall
Cases
Ex. fine to finest
Extrafinetoflnest.........
Hyson Skin.A Twan. com. to fair.
do
do
Sup.to fine
do
13*9
13*0
Pecan...
Neatsloot, No. 1 to extra
Whale,bleached winter
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil. Nos. 1 and 2
@
0
a
0
Nominal.
16
SO
48
SuD.to fine
do
do
5*9
10
Ex.flneto finest
Choicest
Imperial,Com.to fair
0
1«
.5
S5
16
25
35
Super.to flue
do
do
6*a 6 13-:6
Nominal;
Hyson,Com. to fair
do
•
9
0
47
ft lb.
Brazil
Superior to line.;
Extra fine to finest
Choicest
Bunpowder,com to fair
do
Sup.to fine
NUTS—
Almonds, Jordan shelled
do
do
Young
* a.
CommoRto lair..., .cur.»r>
do
SEEDS—
5*
Tsatlees, No. 2
Tayaaams, No.T
Re-reeled Tsatlees, best.
Re-reeled Congoun, No. 1...
Gin
LEATHER—
“
44
Domestic liquors—
“
“
“
Brandy, foreign brands
Rum—Jam.,4th proof
8t.Croix,3d proof
*8*
«*
ft 100 lbs, gold 6 37*0
Ordinary foreign
Domestic, common
cur. 3 55 0
Bar (discount. 10 p. c.)
ft ft.
Sheet
100 Ib.gold
per
8PIRIT8—
8
11
8
8
9
LEAD—
Beef hams,Western
Bacon, West, long clear
Hams.smoked
Lard. City steam,
RICE—
1 85
is'
0
7
“
19*
Bar, Swedes,ordinary sizes.. f» ton. 180 00 0132
Scroll
....ft lb. 2 5-100
5 0 2
Hoop, *x.No.22tolAl*x 18AJ4 “
10*0
Sheet, Russia
...gold.ftft
Sheet.slngle.double A treble,com.
3*0
y ton, cur. 34 00 0 35
Ralls, American
Steel rails, American....
43 00 0 44
4 00
6
i9*
IROIV-
44
6*3
5
...1
10 0
....9
*
©
9
7*3
French
Figs, layer, new
Canton Ginger.wh.A hf.pots.ft case.
9 00
6*9
prunes,Turkish (crop of 1877)
Whortleberries*^..*.
17
•*
Honduras, sheet
PRO VISION 8—
13*0
Citron.....
Apples, Southern, sliced
do
do
quarters
“
Mexican, sheet
“
•
20*
»'*
0
9
....9
9 4 50
Cl 22 00
0 20 00
a 9 oo
@ 10 00
4*3
Currants...
State,
9
«*0
“
..
0
12*0
cod.ft qtl. 3 75
Macaroni, Italian....
Domestic Dried—
0
Para, fine
•
Para, coarse
Esmeralda, pressed, strip
Guayaquil, pressed, strip
Panama strip
Carthagena, pressed
Nicaragua, aheet
Nicaragua, scrap
“
0
1*0
gold. 3 SO ft
2'i 0
.cur.
48 0
gold.
.cnr. 3 60
0
Mackerel. No. 2, Bay
fRUIT—
Raisins,Seecues?, new, per 501b.lrall
do
do
0
0
0
0
0
0
6*0
5
46
Sardines, ft quarter box
14
1 45
26 (X)
9 13 00
60
9
9
18*0
Mackerel,No.1,M. shore
pr.bbl. 14 00
Mackerel, No. 1, Bay,.
18 CO
Mackerel, No.2 -1 Mass, shore
8 on
do
Dates
3
9
9
2*
9)
16
21
26
25
26
.WISH —
Loose, new
Valencia, new
9
50
26
95
85
12
22
9
9
9
-cur.
gold
2d A 1st English..f> ft.cur.
Soda ash
ft 100 ft. gold
Sugar of lead, white,prime,ftftcur.
do
do
12*
tl*9
20
2
3
5*3
Shell Lac,
Layers, new
2
13
*
do
9
12
..cur.
Vitriol, blue.common
28
26
23
“
gold.
41
Gr’d Bk.A Oeorge’s 'new)
9
32*
Licorice paste,Calabria
16
Licorice paste,Sicily
Licorice paste, Spanish,solid.. .gold
Madder, Dutoh
thubarb, China,good to pr...
13
17
18
3i*e
cur.
•Glycerine, American pure....
{ulnine
16*
....9
...9
....9
58
55
"
“
46
Madder,French. E.X.F.F
Nutgalls.blne Aleppo....
•Oil vitriol (66 Brimstone)
18
17
14*
17 75
“
25’*
5
19 0
19 0
19*9
Texas, crop
Brazlers’(over 16 oz.)
American Ingot. Lake
COTTON —See special report,.
DRUGS A DYKS:Alum, lump. Am....
ft 100 ft cur 2
Aloes, Cape
ft ft. gold.
Aloes, barbadoes
“
Arsenic,powdered
"
3
Bicarb, soda,Newcastle.ft 100ft “
Bichro. potash..,.
fift cur.
1
Bleaching powder
ft Id) ft.
Brimstone. 2n<8 & 3rde,per ton.gold.21
ftft..cur.
Brimstone, Am. roll
Camphor refined
“
Castor oil, E,I, In bond, ftgah.gold.
3
Caustic soda
ft 100 ft
**
Chlorate potash
15*
16 9
23 na
16 «
15 9
“
“
“
“
COPPEK-
15
15* a
gold. 44
gold.
13*
9
...
“
44
gold.
Native Ceylon
Mexican
Jamaica
Maracaibo
Lagnayra
8t. Domingo
Ravanllla
Costa Rica
-
3 35
4 iO
3 6U
....
LX
INDIA RUBBER-
Plg,American, No.l
Johnst’n.
$3 < 0
S 70
gld.fift
gold.
do....
19
...
Pig, American,No.2
Pig, American, Forge
Pig, Scotcn
Port
7
20 0
20 0
HOPSNew Yorks, com. to med...,.
do
good to prime ....
Eastern
Wisconsin
Old
L. A W.
ton additional for delivery at New
York.
Coffee—
Rio, ord. car
do fair,
do
"
Sched.
P.AR
Hoboken.
$3 60
»
3 55 91 57* 3 65
burg.*
St'mb.. f>3 55
Grate... 3 65
Ayres,selected.ftftgold
do....
”
do..,.
**
do....
"
do....
*’
do....
“
do.... cur.
A. /. stock—Cal. kips, slaught. gold
Calcutta kips, dead green...
“
"
Calcutta, buffalo
9
1 70
a
6*9
....3
4 k
Montevideo,
Corrientes,
Rio Grande,
Orinoco,
Yearlings...
is
22
15
9
....
“
"
ftft
Crude
Nitrate soda
SILK—
9
9
9
0
“
California,
Texas,
•
45
9
Domestic,
..
ix
6
0
0
0
65
•
HIDES—
Drv—Buenos
Matamoras.
do
WetSaUed—Buen. Ay, selected
Para,
do....
20
25
45
45
7*0
6*2
Faints—Ld., wh.Am.pure. in oil ft ft
Lead.wn., Amer.,pure dry
Zinc, wh.,Amer. dry. No. 1
Zinc, wh.. Amer.,No.l,in oil
Paris white. E^t., gold....ft 100 ft.
BUTTER—(Wholesale Prices)—
Pails, good to choice State
ft ft.
West’n creamery e’d to ch
“
welsh, State, good to prime.... “
Western dairy, lair to pr
“
CHEESE—
...ftft
California,
@15u 00
9
28
9
16
9 45 00
75 00
Black walnut
Reflned, pure
40
“
Manila
Sisal
Jute
[Vol. xxm
•ALTPETRE-
GUNNIES.—See report under Cotton
HAYNorth River shloidue.
ft 100 ft
HEMP AND Jll 1’Jfi—
American dressed
ft ton
American undressed
Russia clean
.....gold
Italian
Philadelphia
Sdflne...
CHRONICLE,
THE
418
24
0
0
0
@FedFRASER