The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ittattciaf
ommtttW
HUNT’S
MERCHANTS’
9
MAGAZINE,
Itlg gjkwspape*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE
UNITED STATES.
VOL. 19.
SATURDAY. OCTOBER 3, 1874.
CONTENTS.
beginning of the previous fiscal
total decrease
THE CHRONICLE.
The Call for Five-Twenties and
the Liquidation of the Public
Debt
Financial Crises—Their Cause
and their Cure
Professor
Panics
Railroad
Bonamy
Price
337
838
on
339
Mortgage Foreclosures
—When Desirable
Financial Review of the Month
of September
Latest Monetary and Commercial
English News
344
Banks,
ere
.
Corporation Finances
345
348
349
350
TIMES.
353 I Dry Goods
353 Prices Current
357
358
359
$l)e (tfljronfcU.
The Commercial
and
news
up to
on
July 1, 1873, the
This will be
Sixes
DEBT—JULY, 1873, TO OCTOBER,
July, 1873. 1 July, 1874. 1 Aug., 1874. 1 Sept., 1374.
$414,567,300 $510,628,050 $511,025,200 $511,025,200
1,281,238,650 1,213,624,700 1,218,228,050 1,213,228,050
1
Satur¬
TEEMS OF SUBSCRIPTION—PAY ABLE IN
ADVANCE.
This Commercial and Financial
Chronicle, delivered by carrier to dty
subscribers, and mailed to all others (exclusive of postage):
For One Year
(including a file cover the first year)
$10 00
For Six
6 00
Tlie Railway Monitor,
Journal of general Railroad
Intelligence, supplementing the financial news,
contained in the
a
Chronicle, is published monthly on Thursday the fifteenth,
fifteenth, of each month.
Subscription
price
per year (including a file cover the first year)
44
$5 00
44
“
about the
..
to subscribers of the
Chronicle
3 00
Advertisements
are published in the Chronicle
or Monitor at 25 cents per line for each
insertion, but when definite orders are given for four times, or more, a
very liberal discount is made. No promise of continuous
publication in the
best place can be given, as all advertisers must have
equal opportunities.
The London Office
Ib at No. 5 Austin
Friars, Old Broad street, where subscriptions are taken at
the following rates:
Annual Subscription to the Chronicle (including
postage)
£2 2s.
44
Monitor
“
“
1 0s.
44
*4
Chronicle and Monitor together
2 14s.
WILLIAM b. DANA, \
WILLIAM B. DANA & OO., Publisher*.
John e. floyd, jb. )
79 and 81 William Street. NEW YORK.
Post Office Box 4,592.
“
'
"
The Publishers cannot be responsible for Remittances
unless made by
Drafts or Post-Office Money Orders.
Subscriptions will be continued until
ordered stopped by letter or at the publication
office.
A neat file-cover is furnished at 50
cents; postage on the same is 20
cents. Volumes bound for subscribers at $1
50. The first and second volumes
of the Chronicle are wanted
by the publishers.
The Business Department of the Chronicle is represented among financial
interests in New York City by Mr. Fred. W. Jones.
seen
1874.
1 Oct., 1874.
$517,025,200
1,207,204,600
1,695,805,950 1,724,262,750 1,724,253,250 1,724,253,250 1,724,229,800
452,012,763
419,835,491
417,552,127
415.925,364 415,513,986
Total debt. 2,147,818,718 2,143.088,241
2,141,805,377 2,140,178,614
2,139/743,196
It thus appears that
have paid off nearly as
during the last three months we
much of the public debt as in the
whole previous fiscal year. The unfunded debt consists
of various aggregates, which have
changed as follows
during the period under review:
1
midnight of Friday,
Months
$8,075,516.
subjoined statistics:
THE UNFUNDED DEBT—ITS
Financial Chronicle is issued
day morning, with the latest
or
Funded.
Fives
Unfunded...
Quotations of Stocks and Bonds
New York Local Securities
Investment and State, City and
year,
has been
CHANGES IN THE PUBLIC
340
GAZETTE.
THE COMMERCIAL
Epitome
from the
Total
tey Market, U. S. Securities,
Railway Stocks, Gold Market,'
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks, National
Commercial
Cotton
Breaastufis
339
342
Commercial and Miscellaneous
News
THE BANKERS
NO. 484-
Greenbacks
Frac’l currency..
Four per cents...
Past due debts...
Accrued interest.
Navy pen’n fund.
Gold notes
Total
Less gold balan’s.
Total
Less
MOVEMENTS—1 JULY,
July, ’73.
1873,
TO
1 OCTOBER, 1874.
July, ’74.
Aug.,'74.
Sept., ’74. 1 Oct., ’74.
$356,079,967 $382,076,732 $382,076,707 $382,076,697 $382,075,407
44,799,365
678,000
51.929,710
42,356,652
14,000,000
39,460,000
1
45,881*295
461
796,292
9,783,529
Net unfund. debt
452,012,763
1
45,719,792
678,000
45,797,675
678,000
2,740,830
26,894,238
14,000,000
33,469,000
2,578,440
29,350,511
14,000,000
29,141,250
505,578,569
71,113,210
503,628,524
71,083,928
678,000
3,216,590
38,939,087
14,000,000
22,825,100
549,303,694 506,940,072
87,507,402
74,205,304
balan’s.
cur.
1
46,731,018
678,000
6,457,710
32
681,178 \
14,000,000
26,415,600
509,088,914
77,409,678
432,734,768 434,465,359 432,543,596 431,629,236
16,913,232
14,576,010
16,619,232
16,115,840
419,835,491
Some discussion has arisen
517,552,129
415,925,864 415,518,396
to the
surplus balance of
gold in the Treasury. This balance is held, first, to meet
the gold certificates
outstanding, secondly, to pay the in¬
terest accrued on the
public debt, and thirdly, to sustain
the credit of the greenback circulation. The
question
mooted is whether the gold balance held in the
Treasury
is adequate for the three-fold
purpose for which it is pro¬
vided. The following table shows the fluctuations of the
gold reserve since the beginning of the last fiscal year
up to
the present time
as
:
t
TREASURY BALANCE OF GOLD.
-
t3P“ A complete set of the Commercial and Financial
Chronicle—July*
1865, to date, is for sale at the ofliece. Also one set of Hunt’s Merchants’
Magazine, 1839 to 1871, sixty-three volumes.
Gold in
Less
Treasury
gold notes
Net bal. in
Treasury..
Accrued interest
THE CALL FOB FIVE;TWENTIES AND THE LIQUIDATION OF
THE PUBLIC DEBT.
Mr. Bristow has just issued the twelfth call for fivetwenties. The amount is ten
millions,
making the
aggregate of called bonds two hundred and eighty-four
millions since September, 1871. The
outstanding five-
twenties which have matured and are
subject to future
call is now reduced to 906 millions.
The aggregate debt
is 2,139
millions, and shows a decrease
of
$435,417.
during the month
Since the beginning of the current fiscal
year the decrease has been
$3,345,044, and^ since the
1 July, ’73. 1 July, ’74. \
Aug,'74. 1 Sept., 14. 1 Oct , *74.
$87,507,402 $74,205,304 $71,113,210 $71,083,928 $77,409,678
39,460,000 22,825,100 33,469,000 29,141,250 26,415,600
48,047,402 51,380,204
42,356,652 88,939,087
37,644,210 41,942,678 50,994,078
26,894,288 29,356,511 32,681,178
It i& contended that during the
whole of the
under review the Treasury balance of
period
gold has been
'allowed to fall to an unsafe level. The
argument in
favor of a larger reserve has been
strengthened by the
recent addition of 26 millions of
greenbacks to the out¬
standing aggregate. As the greenbacks, whose credit is
to be supported, have
augmented from 356 millions to
382 millions, so it is
affirmed, and with much justice, that
the basis of gold should be
enlarged, by which the credit
of these greenbacks is sustained.
The weight of the
fabric of paper money being greater, the basis of
gold
fOctoj** S,
lSJA.
FINANCIAL- CRISES—THEIR CAUSES AND THEIR
CUR^l
THE CHRONICLE
338
In Mr.
' :
\
*
:
4.
should also be greater,
burden.
in order to bear the
increased
Dodge, at the meeting of the Chamber of
Thursday, gave as brief and comprehen¬
sive an account of the causes of our late panic as we
remember to have ever heard. He said we engaged as
a nation in railroad building, and sunk so vast an amount
of capital in these works, because we believed that our
prairie lands,—our richest lands Wert,—would be very
productive if there were good roads to connect them
with a market, and if there were effective means of
transporting their abundant crops to the sea-hoard.
It was believed that the new railways would give a great
value to lands previously worthless.
In this belief we
had undoubtedly added too rapidly to our railroad
system, and what we want to know is how to prevent a
future panic from the same cause, and whether our
banks can be protected against a recurrence of like
disasters.
Such, in substance, was Mr. Dodge’s state¬
ment of the causes of the panic, and of the questions
which it suggests. If our readers will take the trouble
to refer to their files of The Chronicle, they will find
Mr. Wm. E.
Bristow’s forthcoming annual report,
it is
Commerce
expected [that he will discuss this question which is of
the greater importance, as his efforts to fund the debt
would be seriously impeded should the gold balance be
found too weak to sustain the fabric of the public credit
during his negotiations.
As to the causes of the
decline in the gold balance, they are well known.
Congress has repealed taxes too vigorously, and has
cut off supplies from the Treasury faster than it has
diminished expenditures. The reservoir has been drained
more rapidly than it has been supplied, and this is why
its level has sunk during the last four years. For exam¬
ple, the last act for the repeal of the tea and coffee duties
took 20 millions out of the Treasury without any com¬
pensation to the people, as the whole advantage went into
the pockets of the foreign growers and of middlemen,
the price to the consumer being scarcely, if at all, reduced.
To increase the balance in the
Treasury;some persons are
on
reimposing these tea and coffee duties. Others
proposed to raise the needful amount by the issue that a year ago we gave a somewhat similar exposition.
of bonds. This last expedient would entail expense, and Experience has confirmed onr views, and we are glad
is not likely to be. adopted.
It is gratifying to find that to find them supported by the high authority of the
the Treasury receipts and expenditures for the last fiscal President of the Chamber of Commerce.
year show a surplus of four millions instead of the deficit
Every one knows that financial crises are of different
which was so generally anticipated. Mr. Bristow has kinds and originate in a diversity of causes.
It is
stated the figures as they have been made up for the important to distinguish these several classes of panics
annual report of the Treasury to Congress. Some slight if we would discuss them intelligently. Economic science
changes may perhaps be made, but at present the figures tells us of three distinct varieties of panics. There is,
are published as follows:
first, a currency panic, such as that of 1857, when the
Actual for
Actual
Actual
bank-note system collapsed and Cither left us without
first quarter second quarter year ending
Estimated for
June 30,
ending Dec.
ending Sept.
year ending
Receipts.
1874.
currency or paralysed the working of the currency
31, 1873.
30,1873,
June 30, ’;4.
$163,103,834 mechanism.
$31,398,449
$19,195,403
$160,195,403
Secondly, there are credit panics, like that
Customs
109,439,823
22,508,065
25,640,454
94,840,454
Internal revenue....
of 1866 in England.
This panic was not caused by any
1,852.429
573,768
501,539
2,073,763
Public lauds
213,545
14,053,779 currency trouble, for the bank-note system of England
6,443,867
11,843,867
Miscellaneous
$288,449,855 has never once been called in question in regard to it.
$56,521,597
$81,853,492
Total
$268,953,492
The report gives the following comparison of the The mischief originated elsewhere, and not in the cur¬
rency, as we have many times shown. The British panic
expenditures:
Actual for
Actual
Actual
of 1866 was started by the failure of Overend, Gurney
second
year
ending
quarter
.first quarter
June 30,
ending DecK
Estimates
ending Sept.
& Co., which struck a blow at credit and arrested its
1874.
31, 1873.
30,1873.
for year.
Expenditures.
$69,655,525 activity.
$20,044,233
$18,674,240
CLril & miscellaneous. $67,722,294
The currency was sound.
Every other
42,313 927
11,319,378
13.795,053
47,795,053
War Department....
No vital
30,932,587 part of the financial organism was sound.
8,343,211
9,792,454
Navy
in favor of
have
.i
.
•
..
..
.....
..
..
..
Indiana
.
Pensions
..
Interest
..
Total
,,
..
‘ 9,408,715
2.9 8,715
30,478,156
107,051,907
8,698,156
37,051,907
2,362,830
6,842,316
13,881,403
6,692,462
29,038,414
106,090,920
$290,248,000
$90,020,525
$62,823,377
$234,723,635
oft repeated
its pledges of
economy, retrenchment, and administrative reform.
The foregoing aggregates compare as follows with those
figures supply an answer to the
inquiry as to how the Treasury is fulfilling
These
of
previous years:
TREASURY RECEIPTS,
1870.
1871.
1870-74.
1872.
1873.
1874.
Custom*....
$194,538,374 $206,270,208 $216,370,286 $188,089,522 $163,103,834
Internal, revenue. 184,898,756 143,098,153 137,165,574 120,559,351 109,439,823
Public lands
3,350,481
2,388,646
2,575,714
2,882,312
1,852,429
Miscellaneous....
22,093,541
7,842,794 10,141,282 14,053,779
12,942,118
$395,731,029 $378,850,518 $363,954,368 $821,663,467
TREASUARY EXPENDITURES, 1870-74.
Total
$288,449,855
,
,
1870.
*
1871.
1972.
1873.
1874.
Ci^U Awiscel.... $53,237,461 $60,481,991 $60,984,757 $73,328,110 $69,655,525
War Department.
57.655,075
35,372,157
35,799,991
46,323,138 42,313,927
21,249,800
23,526,256 30,932,587
21.780,229
19,431,027
Navy...'...
Indiana....
7,426,097
7,951,705
3*407,938
7,061,729
6,692,462
Pensions
28,340,202
34,443,894
28,533.402 29,359.427 29,038.414
Interest
129,235, ,98 125,576,565 116,607,979 104,236,482 106,090,920
......
Total....
$293,657,003 $283,160,405 $269,809,834 $285,718,118 $284,723,635
whole, the position of the Treasury is satisfac¬
tory, and although the present call is for no more than
than ten millions of five-twenties, still the prospect is
On the
that
something
consolidation of the
considerable will be done for the
public debt in the early future.
more
from the shock of Overend’s failure,
except that the credit system was stunned and paralyzed
There was plenty of capital, and abundance of currency*
with which to move that capital ; but it refused to move
because the motive-power of credit was not there.
Baron Rothschild once illustrated this principle by com¬
paring the financial system to a machine. There is, he said;
a mass of capital to be moved by the machine; secondly*
there is the mechanism itself, consisting of the whole
system of banking institutions, by which this mass of
floating capital is moved about between the industrial
and the monied classes; thirdly, there is the motive-force
of credit, which keeps the complex machinery in activity,
and without which its movements would instantly stop.
It was this motive-power of credit which was paralyzed
in the British panic of 1866. This characteristic placed
the commercial crisis in the class of credit panics.
We do not say that in a credit panic there is no dis¬
turbance of the currency, or that in a currency panic
there is no disturbance of credit. With the financial
system it is much the same as in the human organism.
A malady whose centre is in one vital organ seldom fails
to reach by sympathy other centres ; without, jiowevei s
losing its distinctive character or its specific Symptoms.
injury was received
This fact is
especially noteworthy
ill ttie third class
October 3,
of commercial
339
THE CHRONICLE
1874.]
crises, which have received the name of
done to the traffic of a road
by such proceedings and the changes incident thereto ; and where
bondholders are fully convinced ot the integrity and ability of the
present managers, and are not obliged to sacrifice any of their
security, it is frequently best to accept a fair proposition for,
funding, and leave the road in the hands of its old managers
until a fair trial of its earning capacity can be made.”
contrary, great damage Is liable to be
This variety of panics is more simple in
itself, and more accessible to remedial treatment than the
other two. To it belonged the great railroad crisis of
1847 in Great Britain. England, says Thomas Tooke in
In following out the thought here suggested, we propose
his History of Prices, attempted and accomplished in a
to consider the general subject of railroad mortgage
few years a gigantic railway construction, which if spread
over many years might have -been easily done.
Mr. foreclosures in a series of articles, discussing the advisa¬
Tooke’s words read like a history of our own panic of bility of a foreclosure; determining as definitely as
1873. We have used up floating capital to the amount practicable under what circumstances the mortgagees
should insist upon the legal enforcement of their rights;
of 1,300 millions of dollars during the last four years,
and indicating, finally, the best and speediest way of
and have with this vast sum constructed 2,300 miles of
railroad, which, as Mr. Dodge reminded us on Thursday, securing those rights.
We have remarked on a previous occasion that a
have already given, or will shortly give to immense
regions of fertile country a market value surpassing mortgage deed is not properly drawn which does not
allow of an enforcement of the claims of the bondholders
many times over, the sums we have spent in winning our
capital panics.
desert
to
prairies to civilization.
the extent of their
taking possession of the property,
pertinently asks where through their trustee, and selling the same in order that
is our real loss.
We have spent our money, we have- the bondholders may be repaid the cash which they had
sunk it in public works which, with few exceptions, are loaned the company, or so much thereof as the property
sure to produce all that they cost and more.
They will will realize. We have also in these columns, when dis¬
give market value to the land through the whole of the cussing the peculiarities of certain railway mortgage
vast region which
their beneficent net-work covers- deeds, shown such deeds generally provide that the
On these facts Mr.
Dodge
very
Their creative force will raise wheat and corn and other
which will augment the annual product of Ameri¬
can industry,
and will aid us in supplying the wants of
less favored nations in Europe.
It has been computed
that in a few years railroads on the average add in this
country ten times their value to the fixed and floating
capital of the country. Putting the increase at only onehalf of what is here claimed, Mr. Dodge had abundant
reason to urge his question, and he suggested the right
answer when he said that one great problem was how we
could keep our banks so strong that they should be able
to meet the demands of an incipient panic when these
demands suddenly mount up and exceed enormously the
average of quiet times. The only way to keep our banks
strong enough to do this is by adherence to the good old
rule of rejecting bad business and keeping large reserves
If our banks last year had refused to lend on unbankable
securities there would have been no panic. If they had
complied with the warnings and repeated expostulations
which this journal and many others unceasingly urged
during several months, while the materials of the confla¬
gration were being recklessly piled up in dangerous
places, the fatal disasters of 1873 might have been avert¬
ed.
By like precautions in the future, and in this way
only, can we hope hereafter to prevent a periodic return
crops,
of financial disaster.
of
“unite” in
owners
a
a
certain per centum of the bonds should
request for foreclosure. A majority is
required, but occasionally the trustee is
empowered to act when requested so to do by any
bondholder.
In one case, which we now have in mind,
the request must be made by forty per centum, while in
another the right is conferred upon the owner of a
$100 bond. As a majority of the bonds issued within
sometimes
the past ten years have been very
are held in comparatively small
number of
owners
widely scattered, and
amounts by a large
who cannot unite without very great
difficulty, it does seem to us that the privilege of fore¬
closure ought to be within the power of a small per
centum of the bondholders.
Forty per centum is too
large; and, on the other hand, it would be unfortunate
to grant the power to the owner of a $100 bond.
In all
future negotiations we trust that a happy medium will
be observed in the instrument.
We would suggest
twenty-five per centum as a regular rule in such cases;
application of that per centum the trustee
be required to foreclose the mortgage according to its own
and that
on
the
terms.
But, leaving this point, and supposing, in case of
default, that the consent of the requisite number of
bondholders has been or can be obtained, the question
arises then as to the advisability of a foreclosure. At
of the very many roads which have
passed their interest, propositions of settlement are
constantly being made, and in numerous instances [tl}o
bondholder is in doubt whether he shall accept or
whether he shall enforce his legal rights. This evidently
is an inquiry that deserves thought.
It certainly is not
wise to inconsiderately rush into an expensive legal
proceeding, nor yet is it best to stand still and see a
valuable property wasting away or being depreciated
present, in some
PROFESSOR BONAMY PRICE ON PANICS.
Professor
Bonamy Price of Oxford, England, delivered
interesting address on Thursday before the Chamber
Commerce, on the Causes of Panics. Mr. Price is
an
of
well known
as a
writer
on
Finance.
He has for
some
held the chair of Political Economy in the Univer¬
sity of Oxford, and is the successor in that function of
Archbishop Whateley, Mr. Senior, Mr. Herman Merivale,
years
and other well-known authorities in Economic Science.
In his address on Thursday Mr. Price traced the origin
of panics to the banks, whose functions as dealers
credit he sharply criticised.
We regret that we have
under inefficient or
corrupt management.
is, however, a first question which will always
naturally present itself, and that is, will it pay to
not space for an extended review of his arguments.
no
A It evidently will not pay to foreclose if the property
vote of thanks to the Professor was passed at the olose value, present or prospective.
This might be
of the session.
'
almost an axiom, and yet there are a few roads now
default which we feel convinced will not compensate
RAILROAD MORTGAGE FORECLOSURES—WHEN DESIRABLE.
the bondholders for any efforts at foreclosure and subse¬
In our remarks a few weeks since,
introductory to our
quent reorganization. They have been
so
table of State and Railroad Securities, we sa;J(|;
before
their
time
that
to
reconstruct
tjiem
now
It is an error to suppose that foreclosure is
the Tbest
means of securing to first mortgage men
the'^ fights.
the cause such continual calls for cash upon the owners
=in
There
foreclose?
has
considered
in
built
much
"
for
[October 3, 1874
THE CHRONICLE
340
that honesty, and endeavor to keep control by offering
running expenses as to make them simply a burden. Let,
some
funding proposition.
however, all the circumstances surrounding a road that
It sometimes happens that even where there has been
seems at first sight to be in this condition, be very carefully
a fair degree of honesty and a fair prospect of growth,
examined, and it may be discovered that its former difficul¬
ties were of a nature that time will speedily overcome. Is yet the original managers are willing to give up their
claims and allow the bondholders to take control.
More
the country growing, or has the excitement which caused
the building of the road died out, and is there no chance generally, however, bondholders will find that they have
a company regularly organized to contend with, and with
of its reviving?
Or, were the difficulties formerly
encountered by the road, and before which it succumbed, whom they will have to deal. In a recent case of fore¬
closure the bondholders met with no difficulty from the
placed there by dishonest or incompetent managers, and
directors, as the company had been in bankruptcy for
can honest and competent management overcome those
several years and had become utterly demoralized ; yet,
difficulties and bring success out of ruin?
It will
this fact did not prevent its being easily demonstrable
not pay to foreclose a mortgage on a house and lot
which have been engulfed by an earthquake.
Neither that it would pay for the bondholders to take possession
of the property and look to its future for their reimburse¬
will it pay to foreclose on a railroad which has been
built so near a river that it has been washed away.
It ment. It will pay to foreclose if the road is a necessary
link in a great through route, or in a “short line’’
would, under those circumstances, be better to form a
between two great cities.
It will pay to foreclose if the
new company and build de novo, so saving the expenses
mortgage deed covers a valuable land-grant. Can any
of foreclosure.
sane man doubt this when he reads the history of the
It is not, however, proving that it will not pay to fore¬
Illinois Central—which was built through desert prairies?
close if it is said that the property is not now earning
In a word, then, this country is growing so rapidly
expenses, or is not now in good order, or even never has
that the surroundings must be extremely unfavorable to
earned expenses, or never has been in good order. All
warrant the conclusion that a road once built will not,
these difficulties may be overcome by a change of man¬
if honestly managed, soon more than pay interest upon
agement which those at present in charge will not allow
a fair mortgage debt.
so
long as they have the legal control, and which change
can be had only upon foreclosure by the bondholders.
FINANCIAL REVIEW OF THE MONTH OF SEPTEMBER.
A road may not now be earning expenses because so
The events of the past month have been of more than usual
many drawbacks have to be paid to directors who are interest and
importance. J.n the first place there was an evident
furnishing supplies ; it may be in bad order now because improvement in tone and activity in mercantile circles ; then
the receipts are being used to pay directors their shares followed a revival of speculation on the Stock Exchange, with a
of profits on building an extension or a branch ; it may steady appreciation in the values of most securities. The Fall
never have paid expenses
because it may have been season is not yet sufficiently developed to enable one to judge of
skinned ” by president, director, contractor, sub-contrac¬ results; but two facts appear almost certain—first, that the
aggregate volume of business will be smaller than in former
tor, et id omnegenus, from its very inception; it may never seasons ; and, second, that this reduction will, in a great measure,
have been in good order because it was carelessly built, find
compensation in the benefits accruing from the increased
both as to earthwork and as to iron. None of these facts economy and prudence exercised in all branches of trade, thus far.
The prospect of at least a fair European demand for our staple
prove that the property may not be made profitable in
products,
has imparted a firm and confident tone to the financial
the future.
Allow no percentages, annul fraudulent
situation, and lent courage to capital, which, for nearly a year
contracts, and have all work honestly performed; if
past, was timid and halting. The events of September last year
these simple rules were followed out, many a road are fresh in the minds of our readers, and do not need recapitu¬
now unpromising would soon be among the most prom¬
lation at this time, although the comparison affords a sufficiently
striking contrast to inspire business men with confidence in the
ising and best paying.
of the present situation, exhibiting as it does a remark¬
If, then, it is true that it will not pay to foreclose under stability
able instance of recuperative power.
A noticeable result of the
certain circumstances, it is equally true that there are
panic is now being witnessed in the continued ease in money,
many railroads which—other questions being ignored for which has gone begging at almost nominal rates of interest
the moment—it will pay to foreclose.
By this we mean during the past month, whereas for a number of corresponding
that there are very few roads in our country now seasons great stringency and distress in the market has been a
in difficulty, the future of which is not bright, or at leading characteristic. Very little demand for currency from
the West and South has been apparent, and there is no doubt
least which cannot ba rendered bright by competent
that those sections are better supplied with funds than in former
If one is desponding over a rail¬ times when the crop movements Galled into requisition a vast
management.
road crossing the arid plains of Western Kansas, thinking portion of the capital at this point. The banks held above lawful
that he sees in those plains an insuperable barrier to the requirements at the beginning of the month $27,170,675, and on
future prosperity of the railroad traversing them, he the 26th instant held $25,546,700 in excess of the amount called
for by law.
only shows his ignorance of the fact that those plains CLOSING PRICKS OF CONSOLS AND U. 8. 8BOUBITIE8 AT LONDON IN SEPTEMBER.
change their nature, so to speak, as civilization advances,
Cons U. S.i
Cons U. S.
“
beheld a tree there trees
flourish around the home of the white settler. Even the
hemlock bark of Sullivan and Delaware counties, in our
and where the Indian had
never
obtainable before a railroad pierced
the hills of that section, but now that bark forms a very
small part of the frieght which that railroad will carry
to and through those counties.
own
State,
was not
reorganize a railroad if it runs through
a growing section of country, and has been honestly
built. If either of these facts are patent at first sight,’it
It will pay to
will be
a rare
case
indeed where the present managers
will not wish to reap
the benefits of that growth and of
i for
Date.
mon.
Tuesday
1
Wednesday... 2
Thursday.... 3
4
Friday
5
Saturday
Sunday
6
Monday
7
8
Tuesday
Wednesday... 9i
Thursday.... 101
Friday
11/
Saturday
12|
Suuday
13|
14
Monday
Tuesday
15 \
Wednesday.. 16
17
Thursday
Friday
18
Saturday
10
...,
....
5-20, 5-20,110-40
’65
o.
92* 108*
92*1108*
92* 108*
92* 108*
92* 108*
Date.
1867.i
109*
Sunday.... ...20
21
Tuesday
22
Wednesday ..23
Thursday..,. 24!
Friday...... .25;
Saturday
26!
27
Sunday
Monday.... ..28
Tuesday
;29
Wednesday.. 80
109*1104* Monday
109*1104*
109*! 104*
109*] 104*
92* 108*! 109*: 104*.
92* 108* 109*)104*
92* 108* 109* 104*
92*!l08*:i09*:104*
92*' 108*: 109* i 104*
92* 1108* 1109*. 104*
92* 108* 109*'104*
92* 1108*; 109* ,104*
92* 108* 109* ,104*
92*1108* 109* 104*
92* 108* 109* 104*
92* 1108* 1109* 104*
for
mon.
Opening
Highest
Lowest
Closing
High’t. I
Lowest j
92*
92*
92*
92*
92*
5-20, 5-20, 10-40
’65
o.
1867.
108* 109* 104*
108* 108* 104*
108*1109* 104*
108* 109* 101*
108* 109* 104*
92* 108* 109* 104*
92* 108*1109* 104*
92* 108*: 109* 104*
92* 108* 109* 104*
92* 108* 109* 104*
92* j 108*! 109* 104*
92* 108* 109* 104*
92*'108* i 109*
104*
Since 93* 110 1110* 106*
Jan. 1. 91* 106* 1107* i 103*
„
October
415673741
02
8,1874.]
THE CHRONICLE.
341
The business in government
bonds was on a moderate scale. tions, however, were very near the highest point in most instances *
good demand both from individual capita¬ the leading features having been Lake Shore, Western Union,
lists and financial corporations, unable to obtain satisfactory in¬ Union Pacific, Pacific Mail, Wabash, and Ohio & Mississippi. The
terest rates on money loaned out on call. The tone of the market last named was strengthened by the report of the President of
was firm and prices very steady and uniform.
Secretary Bristow the Company on the condition and prospects of the road. The
issued a call for $15,000,000 more of the five-twenties of 1862 on strength of Pacific Mail was largely due to the appointment of a
September 1st, on which interest will cease on the 1st of Decem¬ committee by the Panama Railroad Company, looking to an as¬
At times there
2593
was a
ber next.
similation of interests of the two
CLOSING PRICKS OP GOVERNMENT
SECURITIES
IN
SEPTEMBER,
1874.
-Coupon bonds.
5s ’81 fund. 6s’81 6s’81 5-20s 5-208 5-20s
| “ 5-20s 5-20s 5-208 10-408 10-408 8s
reg. coup. 1862. 1864. 1865. 1865. 1867. 1868. reg. coup. cur.
Sept.
coup.
“
new.
1
18
19
111#
111#
111#
111#
....
117#
116# 117#
116# 117# 117#
115#
,.S
...
..
118# 112#
116#
117# 118#
116#
112# 117#
115#
112#
112# 117# 118#
115# 118#
112# 115# 116#
112#
....
...
....
...
....
..
112#
..
.
,
111# 117#
HI#
lii’ 111#
H6#
117# 111
111#
111#
117# 117#
116
116# 117# 110# 111#
112# 117# 118#
112# 117# 118#
112# 117# 118#
117#
112#
....
....
...
.
....
....
...
116#.
116# 117#
....
116
....
.....
S
116# 117# 117#
116# 116#
115# 116# 117
115#
117#
115# 116#
....
116
....
110# 111# 117#
110#
117
....
....
117
....
....
110# 111#
....
115# 117
115#
August.
September.Open. High. Low. Clos. Open. High. Low. Clos.
95
95
95
95
95
Albany & Susquehanna. 94#
95
94#
Atlantic & Pacific pref.. 14
14
14#
10#
13#
14
14#
14#
1
Boston, Hartford & Erie
1#
1#
1#
1#
1#
1#
1#
Central of New Jersey.. 106
106#
106# 105# 105# 105# 106# 103
100
98
98
Chicago & Alton
104
104#
99
99# 100
do
93
scrip x93
93
93
102*'
do
pref.. 105
108
101# 102# 102# 102# 101
101# 103
Chicago, Burl. & Quincy 105# 108# 102# 102# 102# 103
32
35#
34#
35#
35#
Chicago, Mil. & St. Paul 35#
36# - 33#
54
54
do
do pref. 54#
53#
51#
54#
52#
5-3#
do
& Northwest’n 38#
38
38#
41#
35#
40#
39#
36#
51
do
57
do pref. 56#
57#
57#
56#
58
54#
do
& Rock Island. 99
103#
98# 100# 101# 104#
99# 104#
64
64
71
70#
Cleve.,Col., Cin. & Ind.. 66
66
62
64#
Cleve. & Pittsburg guar. 89
87#
87#
87#
87#
87#
89# 86#
15
8
11#
13#
Columb., Chic. & Ind. C. 15
16#
11#
11#
109
110
108# no# 108
Del., Lack. & Western.. 107# 109
107
Erie
32
34
33# ,36^
34#
35#
38#
3i#
55
50
55 •
50
do preferred
47#
48#
48#
47#
25
Hannibal & St. Joseph.. 26#
22#
28#
26#
24#
23#
24#
33
33
do
30
29#
29#
32#
pref. 32#
30#
125
Harlem
125
131
128#
123# 125
123# 126
Railroad Stocks—
....
....
10
16
....
....
The following table will show the opening, highest, lowest and
closing prices of railway and miscellaneous stocks during the
months of August and September:
,
112#
112#
116#
112* 117# 118# 112#
116#
118# 112# 115# 116# 116# 117# 117#
.....
concerns.
110# 111#
110# 111#
110#
....
...
....
....
1
117# 118#
112
23
116#
117
24...., 112
117
117
115# 115# 116# 116# 110#
115# 116# 116# 110# 111# 117#
115#
117# 110# 111# 117#
111
112#
115# 115# 116# 117
117#
118# 115# 117
Ill# 117#
Ill
117#
115# 115# 115# 117
...
....
....
....
li7#
....
.
....
....
....S..
28.;.., 112
117# 118
117# 118
112#
112# 117# 118#
Open’g 112# 117# 118#
High’st 112# 117# 118#
Lowest 112
116# 117#
Closing 112# 117# 118#
112#
112#
112#
112#
112#
116
....
....
117
115#
...117
115# 116# 116# 117#
115# 116# 116# 117#
115# 115# 115# 116#
115# 116
115# 117
The market for State bonds
was
117
117#
117#
117#
116#
117#
117#
Ill#
111
111# 117#
111
111# 117#
110# 111# 117#
111
111# 117#
....
....
devoid of special interest, the
Illinois Central
Lake Sho. <fc Mich.South
Marietta & Cin., 1st pref
72#
Michigan Central
72#
95#
96#
74#
18
75
97
18
Morris & Essex
95
New Jersey Southern...
New London Northern..
N. Y. Cen. &H.R
100
do
N.Haven & Hart. 129#
Ohio & Mississippi
25#
do
pref. 45
Pacific of Missouri
39#
Panama
111#
Pitts., F. W. & Chi.guar
*
68#
94#
95
73
18
73
90
73#
....
73#
.
.
.
.
•
....
.
103#
130#
25#
50
40
.
.
100
129#
....
1C2
130
*
21#
23#
45
50
37#
112#
93#
92#
.
111#
92
39#
HI#
93
108
108
108
dealings having been small and the changes slight. Political agita. Reussalaer & Saratoga.. 108
Rome & Watertown....
tion in Louisiana failed to exercise any important influence on the
14
14
14
St. L., Alton& T. H. pref 14
15
12
price of the bonds. In railroad securities there was a decided in¬ St. L.,Iron Mt.& South. 12# 15
22
22
21
21
St. L.. K. C. & N., pref.
crease in the volume of business and a confident tone and higher
Tol., Peoria & Warsaw..
Wab. & Western.. 35#
33#
37#
33#
prices prevailed. By far the largest transactions were in the Pacific Tol..
Unidh Pacific
28#
27#
27#
29#
to 12 per cent. So far as the Union Warren
issues, which advanced
Pacific issues were concerned the improvement was largely the
Miscellaneous44#
48#
44#
47
result of the successful funding operations of the Company, over Pacific Mail
Atlantic & Pacific Tel...
15#
15#
14
14#
$9,000,000, out of a total of $10,000,000, income bonds having Western Union Tel
73#
77#
73#
76#
American Coal
been up to the close of the month converted into sinking funds. Consolidation Coal
43
47
43
47
There was a sharp decline in Columbus, Chicago and Indiana Maryland Coal
18
20
20
18
Pennsylvania Coal
240
240
240
240
Central firsts, owing to a belief that the October interest on the Spring Mountain Coal
bonds would not be met, but a partial recovery took place when Canton
40
Cent. N. J. L. 1. Co
40
40
40
it was officially stated that the Pennsylvania Railroad Company
Mar’p’saLand &MngCo
2#
2#
2#
2#
do
3#
3#
pref
3#
3#
would satisfy the claims for interest by holders of the bonds. All Quicksilver
25
30#
25
30#
.
.
....
.
•
....
..
•
•
.
.
,
the
old and
well
established
issues—such
as
N. Y. Central,
Harlem, Morris & Essex, Lake Shore, and the like-commanded
higher prices, and towards the close North Western Consolidated
Bonds distinguished themselves by a marked rise.
The strength
in this department of the Stock Exchange truthfully reflected the
revival of confidence among capitalists and the recovery from
the effects of the panic.
There was a revival of business also in the stock market, and
the
do
pref
Adams Express
American Express
United States Express..
30
109#
60#
67#
Wells, Fargo Express...
74#
Del. & Hud. Canal
N. Y. Gas
34
109#
60#
68#
77
30
107
60#
67#
74#
3#
104#
102#
129#
21#
50#
39#
1115^
93#
109#
80
80
2#
34#
28#
•
•
77”
96#
97#
3#
3
104#
105
100#
129#
101#
23#
29#
50#
38#
in#
90#
93#
109#
•
73
133
55
38#
115
90#
109
79
109
79
25
10
27
35#
37#
17#
20#
2#
35#
86#
85
85
85
85
47#
15#
76#
51#
17
80#
47#
15#
76#
51#
16#
80#
60
47
60
47#
60
46#
60
46#
19
20
19
19#
67#
59
2#
66
68
67
C9
59
59
....
30#
79
138
91#
81#
20#
2#
31#
28#
77
138
116
2;#
67
140
39#
21#
67#
140
55
27#
107
60#
114#
90
73#
•
18
107
60#
113
....
78#
97#
3#
105#
104#
133#
29#
25
33#
114#
92#
61#
15
34
114#
The extreme range
97
96#
'
.
#
93#
72
18
114#
’
34#
40#
108
62
67
79
SO#
*33#
107
60#
60
79
115
114#
82#
39
108
62
60#
79
115
of gold was 109§@110£, the market having
strong at the highest quotations at the close. The market
was intensely dull most of the time, failing to respond to ordinary
influences to any important extent.
The principal reasons for
been
dealings, especially late in the month, were on a scale of great
the firmness of the market was the “short” interest, occasioning
magnitude, in fact unequalled at any time since the panic. The
a good demand for cash gold, which
was worth a consideration
declaration of dividends by the N. Y. Central Railway Company
for use, and the advance in exchange.
The Treasury sold
and Western Union Telegraph Company, together with an assur¬
$3,000,000 gold during the month.
ance that the former concern would hereafter divide profits with
COURSE OF GOLD IN SEPTEMBER, 1874.
its stockholders quarterly, strenghtened the whole list despite the
decision of the Supreme Court of the State of Wisconsin adverse
b£
bi
a
p
.2
Date.
to the so-called “ Granger ” roads.
Date.
*3
A
It is proper to state that this
‘2
'2
£
to
to
o
a
o,
decision had been anticipated and largely discounted, and in any
o
3
5
a
O
W
§
event its effect was materially lessened by the knowledge that
1 109#!109# 109# 109# Thursday... 24 109# 109# 109# 109#
Tuesday..
25 109# 109#; 109# 109#
only certain portions of the roads were controlled by the Potter Wednesday. 2‘109#; 109# 109% 109# Friday
109# ,1 Saturday
26 109# 109# 109# 109#
Thursday... 3 109#! 109# 110
law, and that the whole question would be argued at the October Friday
4! 109# 1109# 109# 109# Sunday
27| ....|
109#
281109#; 109# |110
I
term of the Supreme Court of the Unitqjl States. The “ Granger” Saturday..., 5 ‘ 109# 1109# 109# 109# Monday
6
..)
Tuesday
29 109# 1109# Ij no# no#
Sunday
7
stocks, therefore, soon fell in with the prevailing sentiment and re¬ Monday....
109% 109% 109# 109# Wednesday. 30 110# 110 ,110# 110#
8 109# 109# 109# 109#
Tuesday
corded higher figures at the close.
Union Pacific was carried up Wednesday. 9 109#1109#1109# 109#
inus/linos/
109# 1109# 1110# 110#
about nine per cent, and took an active part in the speculative Thursday... 10 109# 109#! 109# 109# Sept. 1874
1873
.11 109# 109# 109# 109#
115# 110# 116# 111#
00
o
<1>
cu
o>
.
•
-
.
inoiy
movements in the
felt the
cent.
market.
Even C. C. & I. C. and kindred stocks
buoyancy and responded with an advance of several per
The
announcement
of dividends
on
-Rock
Island
and
Friday
Saturday. ..
Sunday
Monday
Tuesday....
Wednesday.
Thursday...
Friday... ..
Delaware, Lackawanna & Western imparted additional firmness
in the late dealings. On the last days of the month the course of
Saturday....
prices was somewhat irregular, partly owing to the circulation of Sunday
Monday.
false reports respecting the health of Commodore Vanderbilt and Tuesday
the failure of one or two mercantile houses. The closing quota Wednesday
1872
1113# 112# |115# 114
1871
112# 112# 115# 114#
1870
.14'109# 109#
113#
1869
15 109# 1109# 109# 109#
133# 129#) 165# 129#
11
1868... 144# ;144# |145# 141#
16 109# 109#’110# 110
“
1867.... 141#!l41
17 110
:146# [143#
'109#'U0
109#
“
1866.... 147# ,143#; 147# 1146#
.18 109# 109# |109# 109#
“
1865.... 144#
.19 109# 109# 109# 109#
145
“
191 ,254# 193
1864.... 245
.20
“
1863.... 127
.21 109# 109# 109# 109# i
126#, 143# 141#
“
1862.... 116# 116# 124
.22 109# 109# 109#'109#
122#
231109# 109# 109# 1109# S’ce Jan. 1.1874 no# 109 (114# 110#
.12
.13
109# 109# 109# 109#
109#il09#
;116#112#|llfl#
1142#!
1144
and
and demoralized
exchange was weak
for foreign
The market
-
.
342
*
[October 8.1874.
K l '4
THE CHRONICLE.
*’*
In-
provide against all future outgoings with punctuality.
also calculate that acting upon the policy of not putting
many eggs in one basket, they can, by placing their money in
vestors
month under the sale of bills drawn against a too
negotiation of bonds by the New York Central Railroad Com¬ high-dividend paying foreign stocks, soon see
early in the
pany
in
a
and the
resulted
prospective supply of cotton biils, which
fully three points
decline of
in rates. The lower quotations
steadier tone ruled at the
Bank of New Orleans had
special effect on the market, as the amount of its bills afloat
naturally attracted purchasers, and a
close. The suspension of the Citizen’s
no
was
small.
STERLING
Sept.
*•
“
44
“
7..4 85#@4.86
8..4.85 @4.85#
9..4 84#@4.85
44
44
44
“
44
44
44
44
44
4.88 @4.88#
44
4.87 @4.88
44
4.87 @4.67#
4.87 @4.87#
4.86 @4.86#
10..4.84#@4,85
11. ,4.83#@4.84
12..4.83#@4.84
“
44
S
6
“
44
4.86 @4.£6#
S....
14..4.83#@4.84
4.85 @4.86#
4.86 @4.86#
15..4 68#@4.84
“
44
“
“
13
4.86#@4.87
4.83#@4 84#
16.
Catest fllcmetarn
RATES OP
4.86#@4.87
“
18..4.83#@4.S4#
19..4.83#@4.84#
S
20
21.
4.86#@4.87
4.86#@4.87
S
4.83#@4.84#'
29.. 4.83# @4.84#
30.. 4.84# @4.85
occasion
the
rates
No
4.66#@4.87
4.87 @4.87#
3 per
(Snglis!) itfeius
short.
Amsterdam...
3 months.
Antwerp
Hamburg
short.
Paris
3 mouths.
Paris
Vienna
DATE.
11.17#@11.18#
Sept. J8.
25.42# @25.47#
@20.69 1
25.17# @25.27#
25.42# @25.50 1
11.20 @11.25 1
S.26#@ 6.27#
Berlin
120#&120#
Frankfort
32 11-16@32#
St. Petersburg
48 @18#
Cadiz
32 #@32#
90 days.
Lisbon
3 months. 28.12#@28.17#
Milan :
28.12#@28.17#
Genoa
•
•
•
•
•
m
*
ON LONDON
;
Per cent.
3
Open-market rates:
30and 60days’ bills
2#.@2#
Bank'rate
•
•
•
•
•
•
•
.
.
.
.
.
.
.
.
.
.
.
.
28.12#@28.17#
•
•
•
•
•
....
.
.
....
Pernambuco
Montevideo...
.
.
•
•
.
The
days.
....
Hong Kong...
U. to%d
Is. lOd
4s, Id.
....
5 s. 7 d.
....
—
Penang
per cent, per
•
•
.
•
•
•
•
•
•
•
•
•
....
•
•
...
Sept. 18.
Aug. 22.
Aug. 27.
Aug. 14.
60
90
$4 84# per £
days.
days.
6.26
25#
....
,
4S#
.
•
9.
90 days
Sept.
Sept.
Sept.
Sept.
17.
14.
10.
12.
6 mos.
25#
•
•
.
.
is. mid.
Is. 10 Hd.
o-
4 s.
....
5s.
174 d.
8#<J@5s.8#d
v.
30#
....
....
Saturday, Sept. 19,1874.
branch of it, remains
districts gives us
during the
present year. After so excellent an harvest, we ought now to be
commencing to enjoy more activity ; but strikes still seems the
order of the day, and there are now thirty-four mills closed in
Bolton, and 6,430 efficient hands are out of work. The difficul¬
ties with tbe agricultural laborers have for the present been
surmounted, and probably we shall not hear much more about
them until next harvest. The strike at Lord Peurhyn’s slate
quarries has been arranged to the benefit of the men, and there
hopes that the difficulties existing in the coal and iron
districts will be overcome.
Wages, however, have of late been
greatly reduced, and there can, therefore, be no doubt that when
the opportunities present themselves of again raising them,
Trade, with the
exception of the woollen
extremely quiet, and the strike in the cotton
but little hope of there being any great animation
are some
both
Madrid, Cadiz and Bar¬
will be set on foot to secure
that object.
of the strikes, a large amount of
floating and fixed, is now lying idle, and it almost
of the results
„
for money at the
7
There is still no
have been small,
trifling.
Bank
appears
cent.
St. Petersburg
Brussels
Turin, Florence
2# ~
and
Rome
2#
2#
5
5#
3#
5#
3#
5
4
4
3#
6#
6
Antwerp
Bremen
4#
4#
5
[Leipzig
l
Genoa
I
New York.
demand for gold for export, but as
tbe supplies sant into tlie Bank
Tlie silver market has
Open
market
per cent, per cent.
4#
5@6
the arrivals
Lave been
been very dull, and the price
of
only 57£d. per ounce, being the lowest quotation ever
The following prices of bullion are from the circular of
Pixley & Abell:
s.
d.
gold.
s.
d.
s. d.
fine bars is
known.
per oz.
Bar Gold
Bar Gold, fine
Bar Gold, reflnable
per oz
.peroz.
Spanish Doubloons
Doubloons
United States Gold G.»in
Bar Silver,
Bar Silver,
Fine
standard.
standard,
standard.
per oz.
peroz
peroz..
South American
SILVER.
per oz.
.
Spanish Dollars (Carolus).
,c
Five Franc Pieces
The alterations in the
standard, last price.
do.
do.
peroz.
peroz., last price.
..per oz..nr*ne here.
per oz.. none here.
exchanges
9
9
77 11
77
77
....
....
76
@
@
@
@
@
3#@
d.
containing 5 grs. Gold.per oz.
Fine Cake Silver
Mexican Dollars
9#@
10#@
li#@
s.
d.
.
.
4
11#
during'the week have been
The India Council bills were sold on Wednesday
at the same price as before, viz.: Is. lOd. the rupee, but the appli¬
cations were more numerous, and smaller allotments were made ,
Annexed is a statement showing the present position of the Ban k
of England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, tbe price of Middling
Upland cotton, of No. 40 Mule yarn fair second quality,
and the Bankers’ Clearing House return, compared with the
unimportant.
four
capital,
leading cities
rate,
3
3#
6
7
6
celona
Lisbon and Oporto
...
correspondent.]
4
3#
5
Berlin
Frankfort..
Vienna and Trieste....
Messrs.
4s. Id.
London,
one
3#
•
Aug.
....
[From our own
As
4
Paris
Amsterdam
Per cent
2 @....
2 @. ..
2#@ ...
“2#®....
market,
Hamburg
•
,
,
rate,
....
Aug. 29.
....
Singapore ....
Alexandria....
by the joint*
..
Bank Open
33 7-16
....
;.
abroad:
6.23#
119#
.
....
....
following are the rates
....
60
movements
following are the rates of interest allowed
discount houses for deposits :
109.70
3 mos.
44
....
Calcutta
2# @-3
.
.
.
....
.
...
..
4
2#@2#
Jointstock banks
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’notice,;.
....
.
Per cent.
months’bank bills
3 @3#
and 6 months’trade bills. 3#@4
6
months’bills.
The
11.93
25.18
20.35
25.17
short.
•
Sept. 18.
.
Valparaiso
Bombay
•
•
•
44
•
Nanles
New York
Rio de Janeiro
Bahia
Buenos Ayres..
Shanghai..
»<
U
•
throughout the week has
being large the
official minimum.
months1 bank bills
4
RATE.-
TIME.
3 mos.
short.
44
20.64
....
....
The demand for money
cent.
of the Bank of Eng
quotation being still
stock banks and
RATE.
TIME.
-
change has been made by the directors
of discount, the minimum
moderate, and tbe supply of money
best bills are taken at a half per cent below the
Annexed are the quotations:
EXCHANGE ON LONDON.
LATEST
ON
of interest so onerous.
been very
3
EXCHANGE AT LONDON—
SEPTEMBER 18.
promised reforms, the time must surely come when
will entirely collapse, for no country can
borrow so continuously ani in such large amounts at
credit of Turkey
afford to
4.86 @4.89#
EtOHAIViiE
AT LONUON, AND
AT LATEST DATES.
immediately, that the investing
collapse will occur
siate that a
land in their rates
4.86#@4.87
Range...4.83#@4.87
an& (Eaiumercial
a
into effect the
4.83#@4.84# 4.86#@4.87
22..4.83#@4 84 # 4.86#@4.87
23..4.83#@4.84# 4 86#@4.87
24..4.63#@4.84
4.86 @4 86#
4.86 @4.86#
25..4.63#@4.84
26..4.83#@4.84# 4.86#@4.87
27
28.
their capital reim
not only against a loss, but are
in favor of a considerable profit.
Twelve per cent interest per
annum will soon restore the original £100, and it is probably for
that reason, and for a belief that Turkey is not in so dilapidated
bursed, and that the chances are
public have come forward so freely on the present
The future of Turkish finance is not just now considered, bu
unless the Turkish Government efficiently and promptly carry
3 days.
Sept. 17.. 4.83 #@4.84#
2..4.8h#@1.87
4 89 @4.89#
3..4.86#@4>7 4.89 @4.89#
4..4.86 @4.86# 4.88#@4.8S
6..4.86 @4.86# 4.88#@4.89
44
“
FOR
4.89 @4.89#
1..4.86#@4,87
44
“
EXCHANGE
3 days.
60 days.
SEPTEMBER, 1874.
60 days.
- e-
.
previous years :
Circulation* including
1870.
1871.
1872.
1873.
1874.
£
25.356.777
£
£
26.013.689
£
£
26.637,756
26,213.403
23,965,406
5,045.815
6,282,405 6,414,841 8,700,166 7,359,301 18.902 607
18,356,234 20,441,485 20,181,920 22,657.039
13,270.168 13,531.376
Government securities. 12.483.399 14,043,355 13,323,411
Other securities
17,615,542 17,781,249 23,024,667 21,673,249 16,983,034
bank post bills
Public deposits
Other deposits
uncertainties existing, capitalists are unwilling to
employ it. This circumstance may no doubt account for the
success which is attending the new Turkish loan of £40,000,000
Reserve of notes and
coin
13,706,426 13,711,115 11,351,447 13,346,843 12,121.550
which has been introduced by the Imperial Ottoman Bank this
Coin and bullion in
23,912,623 23,364,615
both departments.... 21,770,471 23,497,160 22.137,212
week. Although Turkish credit has been in a state of disrepute,
3 p. C
3 p. c.
4 p. c.
3 p. c.
Bank-rate
3 p. c.
^OS^d.
92# d.
93d.
92#d
for some years past, and although the public well knows that Consols
92#d.
47s. 2d.
C4s. 7d.
58s. Od.
56s. 7d.
*7 15-I6d.
46s. 6d.
9d.
tbe Turkish Government ha3 been able to raise money to meet English wheat
9 15—16d.
9#d.
Mid. Upland cotton
9#d.
existing liabilities only on very onerous terms, yet it is No.40 mule yarn fair 2d
ls.2d. ♦Is. 0#d
Is. S#d.
quality
Is. 2#d. la. 2#d.
now
pretty well understood that the present loan will Clearing House return. 70,689,000 lli;374,0G0 118,792,000 117,693,000 123,695.000
The loan is on a five per cent
be more than covered.
Price September 10.
stock, and is issued to the public at 43| per £100, or
The revenue returns, embracing a period from April 1 to Sept.
reckoning allowances at 42f. The supporters of the loan cal¬
12, show that the receipts into the Exchequer had been £39,026,.
culate that this £15,900,000 of cash which will be acquired will
449, and the expenditure £35,478,700. In the same period last
enable the Government to reinstate its disordered finances, and by
year the former had been £32,082,396, and the latter
giving it breathing time will enable it to collect the resources
that with the
..
♦
£40,106,347.
Oc(obep8| 1874 J
1M. CHRONICLE.
Iq the stock,-markets there has been continued firmness, and
prices have further and very generally improved. The traffic
receipts-on our English railways continue to show an increase over
Caird makes {he
following estimate of the difference that may
he looked for in the amount of
.foreign wheat required by Great
Britain this year:
last year, and the demand for investment continues good. The ac¬
count arranged during the week again disclosed a
scarcity of stock.
The low-priced dividend-paying foreign stocks have attracted
considerable attention, and the upward movement in
Egpytian
descriptions has made further progress. United States govern¬
Between the increase of
acreage and the increase of yield and
the wheat crop of 1874 as at least
3,000,000quarters better than the deficient
crop of 1873. Taking the crop
at 30 bushels an
acre, and then deducting seed, the home
quality, I estimate
ters.
As the
materially changed in value, but Erie
shares are more in demand, and have been dealt in at 33. The
first mortgage bonds of the leading American railroad
companies
continue on demand, and the recent
improvement has in most
cases been maintained.
The following were the
closing prices of
conBols and the principal American securities at
to-day’s market
compared with last week.
Consols,
money
Sept. 19.
92#© 92#
....
potato crop, both in Ireland and in this country,
is very
promising, the consumption of wheat is not likely to exceed
22,000,000 quarters. The foreign
supply required will thus be
9,000,000 quarters. The general reports of the
foreign crops and
the
special abundance of that of France lead me to the conclusion
that we shall get this
quantity at probably 45s. a quarter, or for
about 20 millions
sterling.
The home crops of 1872 and 1873
required to be supplemented
by an importation of 12,634,000 and 11,892,000 quarters
respect¬
ively, or an average of 12,250,000 quarters for each year. The
price of this was nearly 60s. a quarter, so
making the outlay on
foreign wheat upwards of 33 millions sterling as the average of
each of these years. There is thus
every probability that the
Sept. 12.
92#@ 92#
AMERICAN DOLLAR BONDS AND SHARES.
Atlantic & Great Western 1st M., $1,000, 7s... 1902
Do
2d mort., $1.000,7s..1902
Do
3d mort., $1,000
1902
Atlantic Mississippi & Ohio, Con. mort., 7s....1905
Baltimore & Potomac (Main Line) 1st mort, 6s. 1911
do
(Tunnel) 1st mortgige, 6s,
(guar, by Pennsylvania &No. Cent,.Railway). 1911
Central Pacific of California, 1st mort., 6s..... 1896
Do
California & Oregon Div., 1st
52
©
©
14#©
38 ©
92 ©
mortgage gold bonds. Hs
1892
Detroit & Milwaukee 1st mortgage, 7s
1875
Do
2d mortgage, 8s
1875
Erie $100 shares
Do countersigned by Union Bank of London
Do preference, 7s
Do conveitible gold bonds, 7s
1904
Do 1st mortgage, 7s
1897
Do 2d mortgage, 7s
1879
Do 3d mortgage, 7s
...1883
Galveston & Harrisburg, 1st
mortgage, 6s.... .1911
Illinois Central, $100 shares
Do
New 7s
Do
6s
1875
Do
7s.
1875
Marietta & Cincinnati Railway, 7s
1891
6s
14
37
94
92
39
§15
© 94
89
84
© 91
© 86
89
84
© 91
© 86
82
© 84
82
81
60
55
© 65
© 60
60
55
© 65
© 60
.©
-
•
•
•
•
© 76
74
85
©
.©
80 © 84
93 © 99
•
•
,
,
.
•
45
•
•
•
.©
96 © 98
•
•
•
.
.
•
•
21 © 23
49#® 50#
.©
1880
,
.
.©
© 76
.
.
® 87
.
.
...
© 50
.©
.©
©
95 © 97
...
.
.
...
.
.
.
.
•
21
49
@ 23
£1
© 53
96
82
© 98
© 84
96
81
© 93
© S3
90
(Si 91
89
© 90
© 17
15
•
•
....
1870-1.
.
Burlington Cedar Rapids & Minnesota, 7s..... 1902
Cairo & Vincennes, 7s
:
1909
Chicago & Alton sterling consol, mort., os.
1903
..
Chicago & Paducah 1st mort. gold bonds, 7s...1902
Eastern Railway of Massachusetts, 6s
1893
Do.
do.
scrip, 6s.. 1693
Erie convertible bonds, 6s
1875
Do. cons. mort. for conv. of existing bonds,7s. 1920
Do. second mort, 7s
—1894
Gilman Clinton & Springfield
lstmort.gold,7s..l900
Illinois & St. Louis Bridge 1st mort. 7s
1900
Do.
do.
2d mort., 7s
Illinois Central, redemption mort., 6s
1815
Do.
sinking fund, 5s
1903
Illinois Missouri & Texas 1st mort. 7s
..1831
Lehigh Valley consol, mort. “A,” 6s
Louisville & Nashville, 6s.
19 2
Memphis & Ohio 1st mort. 7s
1901
Milwaukee & St. Paul, 1st mort. 7s
1902
New York & Canada
R'way; guar, by the Dela¬
ware & Hudson Canal
scrip, 6s.
1904
N. Y. Central & Hudson Uiv. mort.
bonds, 6s.. 1903
Northern Central R’way, consol, mort., 6s.... 1904
N. Pac. R’way, 1st mort. Land Grant, 7 3-10
1900
Panama geneial mortgage, 7s
1897
Paris & Decatur.
1892
Pennsylvania 2d mort. 6s
1875
Do.
eeneral mort. 6s
1910
Do.
consol, sink'g fund mort. 6s
1905
.....
15
....©
68
47
© 72
© 50
103
©
©105
102
<«,104
...
104#©105#
....©
© 45
97 © 98
84 @ 86
...
40
91X© 92#
...,©
94 © 96
....
90
65
&
con. mort.
Reading, 6s
(June ’78)
guar,
by Phil.
1913
Phil. & Erie 1st mort. (guar, by
Penn.RR.) 6s.. 1881
Do.
with option to be paid in Phil., 6s
Phil. & Erie gon. mort.(guur.
by Penn. RR.)6s.l920
Phil. & Reading genera) consol,
mort. 6s
1911
...
Do.
Do.
imp. mort., 63
gen. mort., 1874,
1897
scrip, 6’s
Do.
do.
do.
£45 paid
South & North Alabama bonds, 6s
*
St. Louis Tunnel 1st mort. (guar, by the
Illinois
& St. Louis Bridge Co.) 9s
1838
Union Pacific Railway, Omaha Bridge, 8s..
.1896
United New Jersey Railway and Canal, 6s
1894
Do.
do.
do.
do.
6s
1901
..
More business has been doing in wheat
the better descriptions have realized rather
© 92
© 67
....©
....
103#©104#
89
100
87
© 90
@102
© 88
....©
....
99#©100#
90
@ 92
103
75
@105
97
104
91
© 98
@106
© 92
©
@102
@ 75
@103
...
Perkiomen.
...
© 80
.
.
.
© 17
@
68 @ 72
47 @ 50
....@
103 @105
103 @lc5
105 @106
....©
40 © 45
96 © 97
84 © 86
91* © 92#
..©
94 © 96
90 © 92
63 © 65
©
...
September
October
November
December
52
52
January
February
99#©100#
93 © 94
91
97
97
86
105
© 99
© 87
@107
99#© 100#
93 @ 94
8
86
101
90
102
102
© 4 pm.
© 88
©102
© 92
©104
@104
June
Inly
August
55
64 2
60 10
60 9
61
8
62 8
63 0
60 11
60 0
62 2
fit 0
60 8
57 7
6
54 10
56 0
58 7
59 6
60 6
English market Reports—Per Cable.
The daily
closing quotations in the markets of London and Liver¬
pool for the past week have been reported by submarine telegraph
as shown in the
following summary :
London Money and Stock Market.—In American securities tenforties have declined £c., while new fives have advanced
£c.
000
The bullion in the Bank of
England has decreased £226,-
during the past week.
Sat,
Consols for money,
92#
“
account
92>^U. S. 6s (5-20s,)1865,old.. 108#
44
“
1867..... 109*
104#
U. S. 10-40s
New 5s
Mon.
Taes.
92#
92#
108#
109#
‘ii#.-.
92#
108#
109#
104#
104#
104#
104#
101#
Wed.
92#
92#
108#
Thnr.
Fri..
92#
92#
108#
109#
104#
104#
«4#
109#
104#
104#
92#
108#
109#
104#
The quotations tor United States 6s
104#
U. S. 6s(5-20s) 1862
98#
(1862) at Frankfort
97#
93
were:
98#
....
....
.
Liverpool Cotton Market.—See special report of cotton.
Liverpool Breadstufs Market.—The market closes steady with
decline of Is.
a
....
103#©104#
88 © 90
103 ©102
87 © 88
....© ....
Sat.
s.
Flour (Wesiern)....... $ bbl 23
Wheat (Red W’n. spr)..$ ctl 8
“
90
103
67
© 92
@105
© 71
97
105
91
© 98
@!07
@ 92
©
@102
@ 75
@103
....
92
97
97
86
105
99
93
3
101
89
101
101
h
6
05
(Red Winter)
12
o
w
s.
8 6
8 10
10 4
37 6
46 0
28 6
8 6
8 10
10 4
87 6
46 0
Bn..
d.
d.
s.
23
8
s.
6
6
23 6
8
6
8 10
10 4
86 6
46 0
8 10
4
6
0
10
87
45
vanced Is. 3d.
Mon.
Sat.
8.
Pork (mess)
Bacon
new
$bb!...
(long cl. mid.)$ cwt
Lard (American)
“
44
...
Caeese(Amer’n fine)
92
78
54
66
63
d.
Toes.
8. d.
d.
s.
*
6
0
0
6
9
92
78
64
66
63
h
c5
2
l*H
©
ft
Liverpool Produce Market.—What
in
© 94
Rosin (common)... $cwt.. 6
44
fine
44
18
0
0
Petroleuui(reflned)... .$ ga!
9#
an
Wed.
8.
d.
92
78
54
66
64
6
0
0
6
9
few
Thnr.
s. d.
6
0
0
92
78
54
6
0
66
Fri
dt
8.
6
92
78
64
65
65
0
0
0
6
64
a
0
0
a
0
changes have been
prices in this market during the week,
of
©102
© 91
©103
@103
Thur.
d.
s.
,
© 99
© 99
© 87
@107
©100
© 4nm
© 68
Wed.
d.
23 6
*
Liverpool Provisions Marl t.—Beef, pork and bacon have
steady the past week ; lard is Is. lower; cheese has ad*
© 94
© 94
Taes.
d.
s.
ruled
99#©100#
93
Mon.
d.
6
44
8 10
44
(Cal. White club) 44 10 4
Corn (West, in’d) $ quarter 37 6
Peas (Canadian)..
Quarter 46 0
99#©100#
100
71
101
on corn.
...
during the week, and
higher prices. Millers
are
tempted to operate more freely at the late decline;
and as
the
farmers will be less disposed to
sell, some
recovery in prices is not improbable. Upon the basis of the agri¬
cultural returns ol^Great Britain for 1874* in
my last letter, Mr-
4
8
1
2
3
58 11
58 6
59 8
A.
April
May
1873-4.
8. d.
8. d.
58 4
58 6
56 10
56 6
55 9
5ti 4
55
55
55
54
56
53
•f
54
57 8
59 0
59 9
58 8
57 10
March
made
© 93
© 99
4
8
6
1872-3.
...
...
100
71
101
1871 -2.
s. d;
57 0
56 5
56 2
56 2
d.
47 3
47 0
50 1
s.
AMERICAN STERLING BONDS
Alleghany Valiev, guar, by Penn. R’y Co
1910
Atlantic & Gt. Western consol,
mort., Bischoff.
certs, (a), 7s
1890
Atlantic & Gt. W., re-organization scrip, 7s...1874
Do.
.do.
leased lines rental trust, 78.1902
Do
do.
do.
1873,78.1903
Do.
do. • Western extension, 6s
1876
Baltimore & Ohio, 6s
1895
Do
6s
1902
Do. •
6s
1910
between 15
save us
sterling in the cost of foreign corn.
In this connection the
following is of interest, showing the
Monthly Gazette average price of wheat from September, 1870, to
August, 1874:
...
© 50
.©
51 © 53
•
1889
•
@
.
good wheat harvest of the present year will
and 16 millions
45
-@
.
•
•
...
....
.
.
.
.©
.©
80 © 84
96 © 90
.©
•
© 50
©
•
•
....
.©
•
•
.
.
32
.©
© 52
© 67
©
•
.
.
86
•
•
.
....
.
•
•
50
65
...
•
•
31#®
....
© 54
@ 69
.©
©
.©
74
84
..
bonds (guar, by Pennsylvania
Co.). 8s
Union Pacific Land Grant 1st mort., 7s
15#
40
.
.
Philadelphia & Reading $50 shares....
Pittsburg Fort Wayne & Chicago equipment
© 53
© 30
52
67
bonds, English, 7s....
1904
Mississippi Central consol, gold bonds, 7s.... .1912
New York Boston & Montreal, 7s
1!K)3
N*-w Orleans Jackson & G.N. con.
goldbds, 7s 1912
New York Central $100 shares
Oregon & California, 1st mort., 7s.
1890
Pennsylvania, $50 shares
1st mort.,
51
28
32#® 33#
Michigan Cent, Sinking Bund, 1st mort, 8s
1862
Missouri Kansas & Texas, 1st mort., guar,
gold
Do.
54
31
29
growth
consumption will probably exceed 13,000,000 quar¬
available for
ment securities have not
Redm.
343
are on
the sid
advance.
Sat.
8. d.
44
(spirits)
44
Tallow(American)...# cwt. 4*
37
0
Spirits turpentine
44
26
6
Produce
and
d.
6
0
18
0
Wed.
d.
6 6
18 0
s.
9#
o
M
Thur.
s.
d.
11
41 3
37 0
26 6
6
0
6
18
10#
11
41 0
37 0
26 6
w
Oil
s.
el
•H
0
“
Taes.
K
11
Cloverseed (Am. red).,
London
Mon.
s.
d.
Fri.
s.
d.
6
6
10#
10#
11
41
37
26
6
0
6
0‘
18
41
3T
26
11
8
0
>
Markets.—Sugar is quoted 3d.
higher, while linseed oil is 3s. lower.
£
Sat.
9.. d.
Lins’d c’ke (obi). # tn 11 10
Linseed (Calcutta)....
57
0
0
Mon.
£ s. d.
11 10 0
57 0
Sugar (No. 12 D’ch std)
on
spot, # cwt
27
$ tun105 0
Soerraoil
Whale oil
44
LUweedoil
"
29 15
*7 8
0
27
0 105 0
Tues.
£ s. d.
11 10
57
0
29 15
8
27
0 105 0
0 29 15
0
27
0
8
27
0
0
0
Wed.
£ s. d.
11 10
57
27
0
29 15
27 0
105
0
0
Thur.
£ s.d.
11 10 0
57 0
*7
105 0
29 15
27 0
Frl.
£
s.
d.
11 10
0
57
0
8
27
0 105 0
0 29 15
a 27 0
received from the
Week.—The imports this
and an increase in general
The total imports amount to $7,503,092 this
Imports and Exports for the
•reek show a decrease in dry goods
merchandise.
fractional currency
Currency Bureau by U. S. Treasurer, and dis¬
tributed weekly; also the amount of legal tenders distributed:
2.—-National bank currency In circulation;
COMMERCIAL AND MISCELLANEOUS NEWS.
week, against $0,669,952 last week, and $6,953,507 the previous
week.
The exports are $5,278,759 this week, against $4,354,724
-last week, and $4,591,531 the previous week. The exports of
cotton the past week were 8,072
bales, against 3,936 bales last
March 21
the imports at New York for week
ending (for dry goods) Sept. 24, and for the week ending (for
general merchandise) Sept. 25 :
FOREIGN IMPORTS AT NEW YORK. FOR THB
4,314,773
1872.
1873.
1874.
$3,437,766
7,464,702
$2,300,926
5,202,166
$10,902,468
303,59b, 112
295,437,515
$6,884,432
$8,387,021
290,355,242
333,687,759
$297,239,674
$342,074,780
Total for the week..
Previously reported....
Since Jan. 1....
in
our
April 4
April !1
April 18
April 25
May 2
May 9
May 16
May 23
WEEK.
$2,667,740
5,719,281
1871.
$2,569,659
Dry goods
General merchandise...
June
June
June
June
$7,503,092
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
Sept. 29:
WEEK.
EXPORTS FROM NEW YORK FOR THE
1874.
173,689,053
166,646,895
208,673,287
$5,278,759
212,713,745
$179,247,649
$171,363,333
$215,168,228
$217,992,504
Previously reported....
Since Jan. 1
1873.
$6,494,941
1872.
1871.
$4,716,233
$5,558,596
For the week
The following will show the exports of specie from the port of
New York for the week ending Sept. 26, 1874, and since the
beginning of the year, with a comparison for
date in
the corresponding
previous years :
Sept. 21—Str. City of Panama..Aspinwall.
Sept. 22—Str. Goethe
Hamburg
Sept. 23—Sir. Scotia
Liverpool
Sept. 24—Str. Thuringia
Hamburg
For Paris
..Am. silver & gold coin.
Silver bars
Silver bars
Silver bars
$13,340
75,513
261,808
93,343
51,327
Silver bars....
1,952
67,318
San Jose,Ga.American gold coin
Sept. 26—Str. Colon
Sept. 26—Str. Celtic
Silver bars
Liverpool
$564,602
Total for the week
42,571,626
Previously reported
Total since Jan. 1,
Same time in—
$42,202,998 | 1869
57.974,8G5 | 1868
55,702,102 j 1867
49,230,072| 1866
I
1873
1872
1871
1870
The
$43,136,228
1874..
Same time in—
$26,660,840
66,103,414
42,151,819
53,691,498
imports of specie at this port during the past
week have
been as follows:
Sept. 21—Str. Merrimac.
St. Thomas
-
Sept. 21—Str. Lula
Sept. 21—Str. Celtic
Sept. 22-Str. Acapulco.
Belize
Sept. 23—Str. Ashland..
San
Sept. 21—Str. Columbia.
Total for the week
...Gold
Liverpool
Aspinwall
.
Domingo..
..
Bullion
.Gold
Same time in—
1873.
1872
1871
,
.
National
15,870
950
11,436
...Silver
Gold
3,036
Gold
.
.
1,1874
$3,899,854|
Same time in1870
1869
1868
856,400
628,900
709,800
942,200
349,039,869
349,132,276
357,000
672,000
466,900
348,778,738
548,100
604,800
6
13
20
27
690,900
878,500
916,300
623,000
579,600
350,581,932
350.620,062
348,908,979
349,237,824
349,659.868
Aug. 8
Aug. 15
Aug. 22
Aug. 29
Sept. 5
Sept. 12
Sept. 19.
Sept. 26
350.332,653
350.534,203
1,098,300
380,622,208
350,383,606
350.436,158
952,000
1,134.200
687,400
889,500
1,070,000
749,009
1,441,000
1,201,400
8,053,000
2,800,200
3,207,000
3,873,895
3,903,780
677,600
3.167,800
989,300
843,400
790,200
2,544,500
788,300
1,130,900
—Attention is called to the advertisement
Encyclopedia, Dictionary and
683,500
979,100
613,600
941,100
980.000
816,500
1,880,500
1,198,500
546,300
350,563.493
972.600
1,017,600
667,200
528,100
782,100
838,300
653.700
599,900
663,000
607,600
349,884,993
350,128,878
Aug. 1
1,015,500
1,486,000
761,500
2,568,985
2,842,500
1,383,000
1,902.500
of “ Zell’s Popular
Gazetteer,” which will be found in
another column.
This work is embraced in two volumes, and is
intended to condense into a limit which is within the reach of
those of moderate means, the extended information contained in a
general encyclopedia. In other words, it is intended to occupy a
ground between Webster’s Unabridged Dictionary and
Appleton’s large encyclopedia. The publishers invite an exam¬
ination of the work from parties who desire to obtain an encyclo¬
pedia at the moderate price of $32.
—Messrs. E. W. Clark & Co., of Philadelphia announce to their
friends and customers that they are prepared to anticipate the*, re¬
mainder of their extension notes, (the last payment maturing July
1,1875,) given to depositors in settlement of their balances last
October.
Holders of notes are requested to present them without
delay for payment. This announcement will be received with much
pleasure, not only by the creditors of the firm, but by their
middle
numerous
friends.
—Mr. Charles W. Hassler, who has had much experience as a
dealer in railroad bonds, is acting for first mortgage bondholders
in a number of foreclosure suits or in funding arrangements, and
invites the attention of parties needing a
representative in such
matters.
Railroad Company of
of coupons due October 1. Mr. John
—The International and Great Northern
Texas advertise the payment
Galusha
S. Kennedy7 of J. S. Kennedy & Co., has succeeded Mr.
A.
Grow in the presidency of this company, and there is a more
active inquiry for its first mortgage bonds, at higher prices.
—The Delaware Lackawanna and
has declared a quarterly dividend of
Western Railroad Company
two and a half per cent, in
20.
cash, payable on and after October
2,554
September 30, and re-open October 21.
Transfer books close on
MNKING AND FINANCIAL.
$90,017
4,696,970
$4,786,987
COTTON CONTRACTS
$8,239,889
Advances made on Cotton and
Bought and sold on Commission
approved Stock Exchange Collaterals.
only
11,202.442
5,712,969
R. M. WATERS & CO., 56
Broad street.
Treasury.—The following forms present a sum¬
RAILROAD BONDS.—Whether you wish to BUY or SELL,
HASSLER & CO., No. 7 Wall
write to
street. N. Y.
mary of certain
2,961,288
7,802,913|
weekly transactions at the National Treasury.
1.—Securities held by the U. S. Treasurer in
Banks and balance, in the Treasury :
trust for National
Coin
PUTS, CALLS, DOUBLE PRIVILEGES negotiated at favorable rates
bought and sold on margin. “ The Art of Specu¬
Stocks and other securities
cer-
For
For U. S.
r-Bal. in Treasury.—, tificates
Circulation. Deposits.
Total.
Coin.
Currency, outst’d’g,
Jan. 3.. 392,985,900 16,360,200 409,346,100
...
Jan. 10.. 392.983,900 16,360,200 409,344,100
85,360,430 4,871,996 42,908.900
Jan. 17.. 392,515,900 16,360.100 408,876,000
85,867,361
3,705,405 45,661,800
Jan. 24,. 392.410,900 1 6,360,200 408,771,100
85,949,553 2,261,022 45,406,300
Jail. 31
392.494,300 16,320,200 408.814.500
'
Feb. 7.. 392,645.200 16 511,200 409,156,400
84,565,085 4,976,886 44,852,400
Feb. 14.. 392.740,200 16,210.200 408,950,400
80,689,404 4,124,197 44,330,700
Feb. 21.. 392,604,200 16,220,200 408,824,400
86,580,377 2,868,609 43,634,000
Feb. 28.. 392,515,950 16,265.200 408,781,150
March7.. 392.6.56,200 i6,245,200 408,901,400
84,246,933 3,234,362 40,569,200
March 14 392,773,200 16,215,200 409,018.400
86,240,743 3,002,629 40,627,800
March 21 392,880.200 16,270,200 409,150,400
87,817,545 2,730,408 40,705,700
May 2
392,909,100 16,535,200 409,444,300
87,360,169 4,086,124 37,176,100
April 4... 392,916,700 16,365,200 409,281,900
April 11. 392,970,700 16,465.200 409,435,900 86,801,529 3,781,554 35,613,500
April 18 393,747,200 16,510,200 410,257,400 87,835,628
3,658,803 34,931.100
3,021,874 33,705.300
April 25. 392,869,200 16,570,000 409.439,200 87,759,000
May 9
409,530,800 16.535,200 426,066,000
89,031,885 7,977,097 35,255,600
May 16 392,980,600 16,535.200 409,515,800 88,611,729
9,583,126 35.856 600
May 23.. 393,073,000 16,5rtO,0;)0 409,633.000 87.585,337
8,724,633 35,073.700
June 6.. 392,719,000 16,560,200 409,279,200 82,999,903 10,54^,965 32,413,600
June 13 392,857,500 16,560,200 409,417,700
81,083,263 11,492,177 30,977,600
June 20 392,863,500 16 535.200 409,398,700
80,189.437 13,327,435 29,465,300
June 27. 392,016,200 16,635,200 408,651,400 80,715,577 13,780,171 29.797,400
Jlly 11. 390.111,800 16,595,200 406,707,0(0 70,827,601 12.443,075 31,683,900
July IS. 389,259,800 16,695,200 405,955,000 70,694,077 12,714,924 32,770,700
July 25. 338,690.300 36 550,213 405,240,500 71,197,725 12.364.117 33,043,100
Aug. 1
388,566,100 16,550,200 405,116 300 71,113,000 16,900,000 -33,590,000
Aug. 8.. 387.084.100 16,550.200 403,634,000
71,782.900 14,632.834 32,795,800
Aug. 15 . 387,285,600 16,522,200 403,807,800 71,660,482 14,722.064 31,889,800
Aug. 22.. 386.606,100 15,572.200 402,178,300 72,425,119 14,977,348 30,773.600
Aug. 29.. 386,146,600 16,-387,200 402.533,800 70.802,189 13,208,319 29,010,040
Sept. 5.. 386,094,100 16,412,300 402,506,400 68.542,163 14,768,663 28,770,240
Sept. 12.. 386,024,100 16,412,200 402,436,300
71,810,868 14,689,151 28,864,640
Sept. 19.. 386,054,100 16,404,200 402,458,300 73,809,350 14,270,198 28,545,040
Sept. 26.. 385,901,450 16,412,200 402,313,650 74,576,652 14,117,767 27,375,600
Week
lating in Wall street” given or mailed free to any address by
J. HICKLING & CO., Bankers and Brokers,
72 Broadway, New York.
Box 1535.
ending
541,100
830,300
357,000
6,089
2,882
958,200
326,900
353,560
357,000
357,000
47,200
Havana
Previously reported
Total since Jan.
$1,000
%.
Fractional Currency.—, Leg. Ten,
Received. Distributed. Distrib’d,
566,200
1,196,300
914,000
348,977,883
July 11
July 18
July 25
$314,498,580 $302,940,607
report of the dry goods trade will be
Notes in
Circulation
Week
ending
The following are
week.
[October 3,1874*
THE CHRONICLE.
344
*
ANY NATIONAL BANK
having
a
IN MASSACHUSETTS OR RHODE
circulation of not more than $300,000, and willing to part
portion of it, is requested to address “ CASHIER,”
icle,
I3LAND
with any
in care of The Chron¬
stating amount and terms.
..
$3,200 PROFIT FROM $200.
.
As an instance
..
.
.
..
'
small investments in
On August 5 a customer secured a
which cost him $212 50. On Sept.
closed at 8, realizing $925. He then secured a Call on 800
of how large profits are made from
Stock Privileges, we cite the following:
Put on 200 shares of C. C. & I. C. at '12%,
3
his contract was
shares of the same
stock at 10%, which he closed on the 24th inst., at 14%,
realizing $3,200, less commissions, at the same time securing a Spread on 1,000
shares at 13% and 15%, on which he will no doubt realize handsomely before
this
the expiration of his contract.
This customer \yas induced to operate in
stock from having had his attention called to it personally and by an article in
“The Week’s Doings in Wall Street,” published by Tnmbridge & Co.,
New York. In the issue of this paper of Sept. 5, written while the Stock
selling at 8, the advance was predicted, and this prediction proved
entirely correct as the sequel shows. Parties desiring to operate in Stock
Privileges are requested to address us and send fora copy of “The Week’s
Doings in Wall Street,” which contains valuable information respecting the
was
prospective movements of the market, and how investments may be made
ranging from $50 to $1,000.
«
* TUMBRLDGE & CO.,
Bankers and Brokers, 2 Wall st., New York.
22..11990——FAinrsdterson
October 3, 1674.]
<&f)c
THE CHRONICLE
Bankers’
Closing prices daily have been
(§a?ette.
The United States Comptroller of the
Currency furnishes the
following statement of National Banks organized the past week :
County National Bank of Lawrenceburg, Ky. Authorized
capital, $100,000; paid in capital, $56,800. J. A. Witherspoon,
President; J. A. McBrayer, Cashier. Authorized to commence busi¬
September 25, 1874.
National Bank of Allerton, Iowa. Authorized capital, $50,000;
paid in capital, $50,000. Wm. Bradley, President; T. P. Walden,
Cashier. Authorized to
ness
The
business
September 29, 1874.
DIVIDENDS.
following Dividends have recently been announced
Per
Cent.
Company.
:
When
P’able.
Books Closed.
Railroad*.
Central of New Jersey (quar.)
Lowell & Lawrence
Nashville & Chattanooga (old stock)
Nashv. Chattanooga & St. L. (new stock)..
Ogdensburgh & Lake Champlain, pref
Pacific of Missouri (quar.)
Pitts. Ft. W. & Chic., special guar.
“
guar, (quar.)
Sioux City & Pacific
Hanks.
Fifth National (quar.)
Gallatin National
2*
3
4*
1*
4
1*
1*
1*
(quar.).
3*
Oct. 6
Oct. 1
4
6
Oct. 10 Oct. 3 to Oct. 10
Insurance.
North River
Oct. 1
Oct. 1
Oct. 10 Oct. 1
2*
.
Oct. 20 Oct. 1 to Oct. 22
Oct. 5
Oct. 1
Oct. 1
Oct. 1
Oct. 26 Oct. 1 to Oct. 5
to
Oct. 8
Friday, October 2, 1874—6 P. M.
The
Money Market
and Financial
Situation.—The prin¬
cipal features this week have been a strong and active stock
market, a scarcity of Government bonds, when wanted in large
lots, generally higher prices for state, city, and railroad bonds,
and firmer markets for gold and
exchange. As to speculative
business there is evidently more inclination to
indulge in stock
operations, and apparently more confidence in prices than we
have noticed before for many months
past. As to investments
the tendency is naturally conservative, and a distrust of new
enterprises is one of the most noticeable features ; aside from
this, however, the desire to realize more than 7 per cent on money
is again showing itself in the
inquiry for railroad bonds or stocks
which are believed to be good, but are
temporarily depressed
from various causes, which do not affect their real value.
Money on call has been abundant during most of the week at
2£(a)3 per cent., but with a tendency towards higher rates, and to¬
day the price ran up at one time to 4(5)5 per cent., closing at 3
per cent. On commercial paper a fair quotation is 5£ to 7 per
cent, for prime paper of three and four
months, while paper of a
little lower grade ranges up to 8 per cent.
Cable advices on Thursday reported that the Bank of
England
lost this week £226,000, but made no
change in its discount rate
which remains at 3 per cent.; in the
open market money was
firmer and close up to the bank rate.
The last weekly statement of the New York
City Clearing House
banks, issued Sept. ’26, showed a decrease of $41,600 in the
excess above their 25 per cent
legal reserve, the whole of such
excess being $25,505,500,
against $25,546,700 the previous week.
The following table shows the
changes from the previous week
and a comparison with 1873 and 1872 :
1874.
Lepal tenders.
United
64,804,800
States
1873.
,
Sept- 19.
' Sept. 26. Differences.
Loans anadia. $280,569,200 $279,539,400 Dec.
$1,C29,800
Specie
19,952,100
18,919.900 Dec. 1,032,200
Circulation....
25,638,600
25,625.800 Dec.
12.800
Net deposits.. 236,840,800 236,460,800 Dec.
380,000
65.700.400 Inc.
,
....
$272,293,800
11,963,500
27,735,100
195,450,000
44,982.800
895,600
Bonds.—Government securities
have
been
moderatelyactive, and on any inquiry for bonds in large lots a
scarcity of supply has been developed in the popular issues.
Prices close a fraction higher than last week. The
Treasury
issued on the 1st inst. another call for $10,000,000 ot
five-twenties,
on which interest will cease on
January 1, 1875. The description
is
as follows:
Coupon bonds known
;
the fourth series, act of February 25, 1862, dated
May 1,1862, as follows: $50. No. 1,311 to 4,200, both inclusive ; $100, No. 1.967
to 6,200, inclusive; $500, No. 1,787 to
5.000, inclusive; $1,000, No. 4,371 to
as
14,900, inclusive—total, $9,000,000.
Registered bonds—$50. No, 1,801 to 1.820, both inclusive ; $100, No. 13,901 to
14,150, inclusive; $500, No. 7,951 to 8.070, inclusive; $!.000. No. 32,951 to
33,350, inclusive; $5,000, No. 10,151 to 10,200, inclusive; $10,000, No. 12,501 to
13,230-total, $1,000,000.
Grand total, $10,000,000.
Of the amount outstanding (embraced in the numbers as
above) $9,000,000
-are coupon bonds, and
$1,000,000 are registered bonds.
Closing prices of securities in London have
.
•
U. S. 6s, 5-20’s, 1865. old
U. S. 6s, 5-20’s, 1867
U. S. 5a, 10-40’s
New 5s
..
Sent.
Sept.
18.
25.
103*
10»#
104#
104#
108#
109#
104#
104#
Oct.
2.
,
been
as
follows
-Since Jan. 1.
Lowest.
Highest.
| 106# Api. 22 110
109# 1 107# Jan. 5 110#
104#
103# Feb. 16 106#
104# | 102# Jan. 15 105
108#
:
Feb. 19
June 18
Aug. 1
May 20
26.
117
reg.. Jan. & July.
23.
29.
117# 117*
68, 1881
coup. .Jan. & July. *117* 118
118
6s, 5-20’s, 1862
reg..May & Nov. *112* *112* *112*
6s, 5 20’s, 1862
coup..May & Nov. *112* 112* *112*
6s, 5-20’s, 1862,Called Bds..May & Nov
6s. 5-20’8, 1864
reg..May & Nov. 114* *114* *114*
6s, 5-20’s, 1864
coup..May & Nov. 115**115 *114*
6s, 5-20’s, 1865
reg..May & Nov. *115 *115* *115*
6s, 5-20’8, 1865
coup..May & Nov. 115* 116 *115*
6s, 5-20*8,1865, n. i., reg..Jan. & July. 115* *115* *115*
6s, 5-20’s,1865 n. i.,coup.. Jan. »fc July.' 115**115* 115*
68, 5-20’s, 1867
reg..Jan. & July. *115* 116
*115*
6s, 5-20’s, 1867.... coup.. Jan. & July. 117
117
*117
6s, 5-2ffs, 1868
reg.. Jan. & July. *116
*116*
6s, 5-20’8, 1868
coup. .Jan. & July. *116* 117
*116*
5s, 10 40’s
....reg..Mar. &Sept. Ill
*110**110*
58,10-40’s
coup..Mar. & Sept. *111* *111* *111*
5s, funded, 1881
reg ..Quarterly
*112 *112
5s, funded, 1881, ..coup
Quarterly. *111* 112
*112
6s,Currency
reg.. Jan. & July.
117**117* 117*
Oct.
Segt. Oct.
2.
117* *117* 117*
*118
118*
18
*112* x9# *109*
112*
12* 112*
*114* *xll* *iii*
*115* ♦115* *115*
*115* *xl2 *112*
*116
*116
*116*
*115* 115* 115*
*115* 115* 115*
116* 116* 116*
117
117
♦116* *116*
117* ♦117
*117
*116
*117
111
111*
111* *111* ♦111*
*112* *112* *112*
112* 112* *112*
*11171/
1 *117*
*110*
..
*Thi8 is the price bid ; no sail was made at the Board.
The range in prices since Jan. 1 and the amount of each class
of bonds outstanding Sept. 1, 1874, were as follows :
/——Amount
—Range since Jan. 1.Lowest.
Highest
Registered.
reg.. 115* July
120* May 27 $193,226,450
122
coup.. 116* July
Apr. 29
coup
113* Apr.
111* July
16,572,600
Jan.
coup.. 114
25,973,850
120* Apr.
Jan.
coup.. 115
33,732,200
121* Apr.
new,coup.. 114* Jan.
56.943,700
120* June
coup.. 114* Jan.
121* June
87,891,250
—.
6s,
6s,
6s,
6s,
6s,
6s,
6s,
6s,
5s,
1881
1881.
..
5-20’s, 1862
5-20’8, 1864
5-20’8, 1865
5-20’s, 1865,
5-20’8, 1867
5-20’s, 1868
10-40’s
5s, 10-40’8
.
Jan.
coup.. 114
reg.. 109* Aug.
coup.. Ill* Sept.
Jan.
5s, funded, 1881.. ..coup.. 111
Jan.
6s. Currency
reg.. 114
121* June
115* May
25 lib* Feb.
2 117
Apr.
6 117* July
Sept. 1.—,
Coupon.
$.
89,509,900
150,687,100
....
33,018,950
113,802,150
145,719,400
222,731,500
13.951,000
23,523,000
141,229,350
179,302,900
ft .4
KOQ
State and
Railroad Ronds.—There have been
transactions in State bonds at the Board, though
small lots; Tennessees have shown a sharp re action
MO
53,337,950
136,895,000
more numer¬
ous
generally in
from the de¬
pression of two weeks ago, which was mainly caused by political
discussions about reducing taxes. Lately, there is reported to be
good demand for Louisiana bonds in New Orleans. The sale of
$2,384,000 New York City stock was one of the prominent events
a
of the week.
The stock
was either 6
gold or 7 currency, and two
by leading firms, one proposing to take the whole
amount in gold bonds at 104.274, the other in currency bonds at
precisely the same figure. This was said to have been done with¬
out prior arrangement, and if so, the coincidence was
certainly
remarkable. The gold bonds were awarded.
Railroad bonds
have continued strong and active; all tlie popular Pacific issues
have been largely dealt in, and other bonds of leading roads have
also sold freely. It is now reported definitely that the
Lake Shore
& Michigan Southern Railroad Company have completed the nego¬
tiation of the remaining $3,000,000 of their second mortgage
bonds,
ai a
price which brings the company about $2,700,000. It is said
that this will extinguish the floating debt of about
$1,300,000, and
leave $1,400,000 in the treasury.
The following bonds have been sold at auction :
bids
were
filed
$9,000 Cincinnati Richmond & Fort Wayne RR. first mortgage 7 per cent
gold bonds, doe June 1, 1921. Interest June and December; guaranteed by
Cin. Ham. & Dayton RR. (Jo., Grand Rapids & Indiana RR. Co., and the
Pennsylvania Co
86
160 shares Suspension Bridge & Erie Junction RR. Co.
(Hypo.) $100 each.40
$34,000 Suspension Bridge & Erie Junction RR. Co. first .mortgage 7 per cent
bonds. Principal and interest
guaranteed by Erie RR. (llypo.)
61@62*
$61,000 Orange & Newark Horse RR. first mortgage 7Jper cent bonds, due 1880.
Interest April 1 and Oct. 1. #500 each
91
11 bonds of Mobile & Ohio Railroad Company six per cent, due November 1,
1883, interest May 1 and November 1, $225 each, $690 to $689 per bond.
$8,000 Mobile & Ohio Railroad Company eight per cent interest bonds, due
Nov. 1, 1883, interest May 1 and Nov. 1
60
$4,000 New Jersey Southern Railroad first mortgage sinking fund 7 per cent
bonds, dated 1869; interest May and November
32*
$85,000 Lake Shore & Tuscarawas Valley Railroad second mortgage bonds.. 12
Closing prices daily,and the range since Jan. 1, have been:
.
1872.
Sept. 28.
as follows ;
Sept. Sept. Sept.
Int. period.
68, 1881....
NATIONAL BANKS ORGANIZED.
commence
345
JsTenn., old,ex c
5a Tenn, new ex c
58 N. Car.,old....
is N. Car., new...
is Virg., old
do
consolid.
do
deferred,
is S.C., J. & J....
5a Mo. long bonds
Cent. Pac.,gold..
Dn Pac., 1st
do
L’d Gr’t
57* *57
*56*
57*
#20* *20
*12*
*32
*52*
•
.
•
•
*17
....
•20*
M2*
•32
*52*
*8*
*52*
*94
=9
89
*89
•90
....
29.
57
•31
•94*
92*
dolnc.past due •90
Erie 1st M. 7s
N. J. Cen. 1st 7s.. *106*
Ft Wayne 1st 7s. *107
RftP.rf
1st 7r_
106
*
Sept.
Sept.
*17
95
92*
*92*
88*
88*
*90
Sept.
*56'
•56
•20*
*:2*
Oct.
1.
•
.
•
•
•
.
•
•
•20*
*10
•32
•52*
•8*
•17
94*
93*
88*
89
•88
•104
*52
*9
...
94*
93
88
xSj*
Oct.
2.
*56
•56
•20*
*34”
•52*
9*
*17
*94
93
88
86*
•90
104* 1‘‘4*
•103*
*106* •106* 106*
106*
•io;*
*107* *107*
106
106* 106 *106” *106
....
....
•
•
•
•
,
Since
Lowest.
+52
Sept. 21
+50
Sept. 17 +63* Jur
18* Aug. 21 29* Jan
16
Jan.
6 2I* Mcl
40
9 42
Jan
Jan.
50
Feb. 17 53* J un
8* Sept. 22 11* Fet
7
Apr. 28 20 Jul
90* Jan. 2 98
Maj
87* July 27 96* Jan
81
July 15 89* Sep
75
May 21 89* Sep
73* Jan. 9 91
sep
101
Jan. 5 105
Api
102* Feb. 3 109 Api
103
July 22 107* sep
101
Jan.
6 107
Jui
This isthe nrtce bid. no nalewas made atthe Board,
t Range
since
June 27. 1874.
Railroad
and Miscellaneous Stocks.—The stock
market
has been active and buoyant, the closing
prices to-night showing
that the advance of last week has generally been
maintained, and
in some cases largely added to.
Lake Shore has been most con¬
spicuous, and after selling up to 83f yesterday closes to day at
82(3)824, transactions in the stock during the past six days having
been enormous. This remarkable buoyancy is based
upon the
fact that the company has lately negotiated $3,000,000 o. its sec¬
ond consol mortgage bon^s, which will enable it to
pay the float¬
ing debt and leave a large surplus of cash in hand applicable to
the payment of dividends.
The presumption is, therefore, raised
that the stock will now be made by Commodore Vanderbilt to
pay 8 per cent a year, beginning probably in February next.
In
other stocks it does not appear that special causes have
particu¬
larly affected their course, aside from the bullish feeling with
which the present movement commenced.
The Pacific Mail Steamship Company
has reported its pis-
346
(October 8, 1874.
THE CHRONICLfc
Benger
Sovereigns
18*14
German X thalers
Prussian X thalers.
German Kronen
X guilders
and freight traffic at the Home office, Pier 43, North
River, from Jan. 1 to Sept. 22, as follow s:
OUTWARD.
Passengers. Tons Freight. Total Receipts.
1873
5,2t>3
2,720
30,913
19,040
$1,150,384 95
Increase
2,543
11,873
$263,943 46
886,441 49
HOMEWARD.
Fine gold bars
Dimes and halt dimes..
Five francs
$4 86 @ $4 90
S 87 @ 3 92
Napoleons
7 85
8 00
6 50
*
8 00
8 15
6 70
&
-•
English silver
—70
Prussian thalers
890
16 00 @16 75
Spanish doubloons
@
1 04 @
— 98
&
— 97 @
Specie thalers
! Mexican dollars..
Patriot doubloons
15 50 @ 15 75
American ^silver (new). — 9 3*@ — 95*
Fine silver bars
1 26*fc 1 27*
@
@
18*®
4 SO @
Francs...
@
ft
& 4 20
para*
- 94
—93
I Spanish dollars
|
—
—
—
96
95
19
4 85
—
72
1 06
1 00
—
99
Foreign Exchange—Exchange has
with the London money market, which
been firmer in sympathy
has this vreek shown a
hardening tendency. The weekly receipts of cotton are getting
Increase.
367
~7S)5
$265,671 97
to be of considerable volume, and the supply of bills from ship¬
Total increase in recepts
$529,615 43 ments must soon be coming forward more freely, though the
To-day the market was irregular, and after developing* some effect of these is always apt to be 0 discounted” in the exchange
weakness in the morning became firmer, but weakened again market.
To-day, the leading drawers advanced their rates to
on the report of some mercantile failures, and closed near the
4*85£, and 4*88J for long and short sterling respectively, partly
lowest prices of the day.
in consequence of the failure of a shipping house whose bills are
The daily highest and lowest prices have been as follows:
held here to a considerable amount ; but these rates were rather
Saturday, Monday,
Tuesday. Wednesday, Thursday, Friday, above the
figures for actual business. We quote as follows :
Sent. '<26.
Sept. 28.
Sept. 29.
Sept. 30.
Oct. 1.
Oct. 2.
1874
1873.
3,0 i5
2,668
N.Y.Cen.&H.R.
Harlem
Krle.
Lake Shore....
..
Wabash
Northwest
do
pref.
101*104*
123 ' 128 *
.37* 37*
78
79*
33
83*
38* 89*
*55
10-144 103*
...
101*
129 *
37*
7 *
33*
88* 39*
56
56
103* 103*
31
31* 34*
uo
At.&
pref....
Pac.,pref.
53
*15
Ohio & Miss...
Host., H.& E..
Central
o:
N.J.
53
21
*
106
....
106''
•
do
pref.
82
89
38* 3J*
50
50*
United States..
Wells, Fargo..
*
6i*
*61*
62
61
*78
32
38
32
38
81
....
This is the price bid and asked
*60
79*
ei*
•
*7f*
; no
Railroad Earning*, in
34* 35*
39* 40*
35*
53
12*
....
116
32
36
51
51*
•107
,Ri*
60*
•115
79*
50
*io:
62"
*61
60
•
115
7S*
82
Pacific Mail....
49* 50*
*107
Adams Exp.... *107
35*
81* 83
56* 56*
10.-S* 104*
34* 34*
52*
52* 52*
12
12* 12*
27 * 29*
27* 28*
1*
1*
1*
1%
Xl04
106*
104*
35
'
115
32* 32*
89
35*
105
106*
109* :io" •UO
Xi07* 108
26* 27*
27* 2S*
26* 28*
26* 31*
36* 36*
86* 8:*
12* 13*
13* 13*
12* !4
116
115* 115* (*115
79* 79*
79* 80
Quicksilver,...
101*101*
127*
129
25* 36
81* 83*
84 * 35*
4o* 41*
56* 57
103* 101*
57
*106
Del., L. & West 110* 110* •lift* no*
Han. & St. Jos.
27* 27*
27* 27*
Union Pacific..
37* 37*
36* 37*
12
Col.Chlc.&l.C.
11* 12*
12*
Panama
West, Un. Tel.
58*
13* 13*
28* 29*
*1* 1*
27* 28*
1C6
56
35
53
12»
103* 104*
84* 35*
5i* 53*
18* 13*
29
29*
*1
1*
103*
84*
101* :01*
81*
34* S3*
89* 41*
57
...
826,891 66
80
88* 39*
103
35
$1,092,563 a3
24,442
101* 10154
12 i* 128*
85
36*
...129*
81* 36 *
78* 80*
33* 31*
58* 53*
13 * 13*
27*
1*
26%
i*
106
100*; 101*
100*
129*
37*
73*
3<*
31,747
•
•
....
80*
89
51*
*61
80
cases,
falling off from last year’s figures, although the receipts of a few
of the roads for the third week of Septembar are somewhat better
than those lor the second week of that month.
Latest earnings reported.
Roads.
1874.
Atlantic & Pacific.
3d week of Sept.
.
$110,430
of
Oin.Lafay. & Chic.
Aug.
Cleve., Col. Cln. & I. Month of Aug.
Denver & R. Grande. 3d week of Sept.
Month of Aug.
Illinois Central
Indlanap. Bl. & W... 3d week of Sept.
Indianap. Ciu.& Laf. Month of July.
Kansas Pacific
Month of July.
Michigan Central.. 3d week of Sept.
Mo. Kansas & Tex... Month of Aug.
Mobile & Ohio
Month of Aug.
Ohio & Mississippi.. Month of Aug.
Phila. AErie....
.Month of Aug.
St. L. Alton & T. H.. 3d week of Sept.
do
branches. 3d week of Sept,
bt. L. I. Mt.& South 3d week of Sept.
St. L. & Southeast.. 2d week of Sept.
St. Paul & S. City,&c Month of Aug.
Toledo P. & Warsaw. 3d week of Sept.
Tol. Wab. & West.. 3d week of Sept.
.
Union Pacific
West Wisconsin
Month of
Month of
July.
Aug.
1873.
-108,100
743,992
678,545
1,251,622 8,911,903
277,620
8,791,582
295,297
247,603
3,286,051
.
Month
1874.
$127,066 $3,490,362 $3,566,040
Bur. C. Rap.& Minn Month of Aug.
116,280
Month of Aug. 1,301,000
Central Pacific
Chic. Mil. & St. P... 2d week of Sept.
165,200
.
Jan.1 to latest date.
»
1873.
38,155
403,175
8,779
708,808
40,733
457,964
8,008
769,748
141,540
153,174
293,247
136,255
289,003
116,639
324,360
323,231
349,518
24,541
12,939
£34,586
28,552
14,080
62,826
26,739
67,481
2,686,251
4,926,099
1,205,533
1,012,850
1,812,928
5.295,373
49,268
157,747
65,534
26,723
72,936
5,246,988
1,100,872
1,062,688
1,966,966
5,317,358
236,823
169,969
1’970,125 2,079,041
806,561
2,273,936 2,431,516
1,319.957
1,717,670
'
866,467
379,114
1,818,543
860,697
517,466
798,578
1.015,499
437,534
1,805,969
911,429
465,086
82,089
37,813
107,880
143,630
3,697,160 4,251,610
850,143
66,791
876,833
5.413,776
66,092
604,066
912,405
5,4 j9, 810
Lapsley & Bazley, Brokers, 74 Broadway and 9 New
street
fiuote stock privileges, $100 for 100 shares, 30 days; $150 to $200, 60 days (on
Members New York Stock Exchange
" "
Ex '
or responsible parties), at the following
dlstance from the market
Oct.
Puts below. Calls above.
30
60
3>
60
days. days. days. (lavs
3,1874.
Gold for * bonus..
*
W. Union Tel
1*
Pacific Mall...
1
N. Y. C. & Hi
*
*
2*
8*
Mil. & St. Paul.
1*
2*
4*
Ohio &
2*
2
3
2
2
1*
1*
2*
2*
1*
l*
1*
.
.
•
3
Erie
Lake Shore
North western.
...
The Gold
.
1*
•
1*
Puts below. Calls above.
30
67
8)
60
1*
•>
Rock Island
Wuhash
days. days. days, days
*
2*
1*
l*
..
1
1*
1
2
Mississippi. 1
Union Pacific
1*
Han. & St. Joseph, l
O., C. & I. C
1*
Quicksilver
Market.—Gold has shown
1*
1*
1*
2
2*
2
1*
1*
1*
1*
1*
IX
2*
2*
?
I*
3
4
5.18*@5.16%
5 18*@5 16*
6.18*@5.16*
5.15*@5.14*
41 @ 41*
Hamburg
94*@ 94*
v 95* @ 95*
Frankfort
40*@ 40*
40%@ 41
Bremen
94%@ 94*
95*@ 95*
Prussian thalers...
71 @ 71*
71*@ 71*
The transactions for the week at the Custom House and Sub40%@
-
40*
.
.
Treasury have been
as
follows:
-Sub-Treasnry.-
Custom
House
“
“
Currency.
Gold.
$396,722 42 $1,159,429 40 $1,386,082 82
747,767 70
464,928 08
557,091 67
504,010 94
738,950 56
80,102 70
401,899 45
54,853 56
‘610,892 72
877.021 25
83,580 50
400,979 02
813,503 75
1,179,615 50
636,011 06
500,000
28
29
30
1.......
469,000
594,000
319.000
2
295,000
Total
Payments.
Receiptr
Gold.
Receipts.
$357,000
Sept. 26
Oct.
a
4.87*@4.8«
4.86*@4 87
5.15*@5.14*
5 15*@5 14*
4.83 “@4.64
Swiss
Amsterdam
“
continue to exhibit
....4.85 @4.85%
4.84 @4.84*
Antwerp
“
....
sale was made at the Board.
most
Prime bankers’sterling hills
London good bankers’ do
London prime com. ster do
Paris (bankers)
%
3 days.
4.88 @4.88*
60 days.
81*
33*
62
*62*
*79*
....
*79* 80
*78* 80*
37*
12*
32*
S9* 89*
49* 50*
'107* 106*
61*
•60
27
36*
12*
80*
*107*
61*
27
*.... 115*
81*
83* 34
39* 39*
50* 51*
•
...
115
80*
82*
*60*
107* 107*
October 2.
,
,
3,003,976 55 4,821,844 24
55 096,861 82 56.809.055 90
55.303,013 06 57.321.574 60
$2,533,000
Balance. Sept. 25
Balance, Oct. 2
-
2,797,725 31
Cnrrency.
$577,463 10
1,554.580 66
929,791 84
234.411 Q7
729,534 81
583,544 06
4.309,325 54
"New York City Banks.—The following statement shows
the condition of the Associated Banks of New York City for tho
week ending at the commencement of business on Sept. 26, 1874:
-AVERAGE
AMOUNT 07-
Loans and
Legal
Net
Capital. Discounts. Specie, Tenders. Deposits.
$3,000,000 $9,M8,U00 $3,951,000 $1,723,000 $11,110,000
419.100
4,1 S3,400
6,48'),200
2,050.000
5,085,400
961,700
1,474.100
Merchants’
8.764.200
3,000,000 10,719,300
8)0,000
4,431,000
Mechanics’
303.200
2,000,000
6,501,700
190,000
3,239,000
Union
1,036,400
1,500.000
4,652,000
7.694,500
America...
8,000,000
8.304,700 1.285,900 2.635.700
209.800 1,(97,800
Phoenix
3.295.900
1,800,000
8,931 ,*00
879;200
5.362.600
1,440,000
City
1,000,000
5,936,200
426.100
16,500
1,861,100
Tradesmen’s
1,000.000
3,474,000
460,600
Fulton
223.500
1.320.100
600,000
1,675,600
419,000
1,304,300
6.652.600
Chemical
300,000
8,136,500
8,665,200
147,000
732.300
Merchants’Exch’ge. 1,000,000
4,131,300
005,200
8.179.600
433.200
Gallatin, National..
1,500,000
4,393,100
356,400
1.605.100
49,410
Butchers’&Drovers’
800,000
2,435,(00
373.900
19.600
1.360.100
Mechanics&Traders
600,000
1,994,600
114.900
1.0 .'8,300
Greenwich
200,000
1,062,100
2.739.000
485.300
270.200
Leather Manuf
600,000
8,285,200
292.700
1,0:0,-00
89.700
Seventh Ward
500,000
1,270,100
319.300
1,725,000
4,03,',700
State of N. York..
4,7811,700
2,000,000
8.586.600
526.200 2.237,000
American Exch’ge.
5,000,000 121533,700
9.8-14,200
264,600 6,445,900
Commerce
10,000,000
19,040,800
3.201.800
1,004,400
166.500
Broadway
5,316,500
1,000,000
656, 00
3.164.800
116,900
Mercantile
3,920,200
1,000,000
770.700
14.600
1.985.800
Pacific
422,700
1,918,'00
669.100
4,211,300
2,000,000
5,ia,100 1,370,300
Republic
156.100
60-3,900
2.800.100
Chatham
450,000
2,649,800
276.500
3,100
1.819.900
People’s
412,500
1,469,100
Banks.
New York
Manhattan Co
...
Circula¬
tion.
$816,000
.'9,700
854, :oo
...
541.QUO
270,000
1,200
487,500
770,300
442.700
486,000
•
.
l.OOOjtXH)
8,974.200
5(0,000
2,8"5,000
4,000,000 ’ 13,379,<’00
1,522,300
400,000
l,tt00,(X)0
2,352,500
1,000,000
2,723,700
Irving
Metropolitan
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather..
Corn Hlxchange
Continental
Oriental
Marine
112.800
129.200
33,030
848.000
2.31,10C
1.000,000
North America
Hanover
46,6(10
81,400
72,9(0
95.200
2,466,600
1,000,000
J 1,000,000
8,968,300
1,000,000
8,' 51,600
8,077,910
1,483,400
2,000,000
300,000
2 ',200
400.000
2,719,700
86.100
211.500
6.000
133.300
521,000
787.300
81,800
390,000
1.114.700
693,000
1,973,000
1,903,000
3,-15.600
2,845,000
9,312,000
1.222.900
2.185.800
1,881,360
1.116.800
2.469.600
1,894,100
1,7!'8,3C0
1.110.600
2,^43.400
16,750,000
15,548,800
1,136.700
736,900
288.4(0
2?',000
5t 3,7CO
860,000
589.100
492,010
233,000
196.200
483.3P0
24 J,000
195.700
«
2,700
262.700
167,000
.525,600
924,400
8,000,1200
900,000
479(000
815,700
130,600
5,500
2&‘50C
164.400
1,116,000
133.300
8.900
225,009
751,100
791.400
4.900
586.400
4,000
857.500
489,000
5,7.0,000
strength for the Importers’* Trad’rs 1,500,000 13.256,900
818.300
4,978,500
2,000,000
12,319.400
first time in several weeks, and the price has advanced to 110£, Park
807,200
231.200
Mech. Bank’g Asso.
500,000
1,283.700
178.300
6,700
300.000
o(.s,6l0
closing at that. The principal point in the market was the Grocers’
914.600
263.200
18,000
400,000
976,000
indication of a possible scarcity of cash gold in the immediate North River
620.600
193,000
162.700
24.700
East River
350,000
1.011,400
577.300
131.100
1,500
future, which led to the payment of moderate rates for its use. Manufact’rs’* Mer.
500,000
74S.60C
16,4'8,000 2,90V,600
3,B90,900
It is not the season of the year for gold to advance, according to Fourth National.... 5,000,000 19,991,700 1,145.200
1,384,010
5,574.000
1, p-9,000
107,000
Central National...
2,000,000
6,730,000
265,000
1,294,000
the usual course of affairs, but when the available supply Second National....
345,000
300,000
1,693,000
6,703,400
603.600
1,379,000
Ninth National.
171,100
1,500,(GC
7,804,600
is small, as at present, and there is anything like a fair demand,
295.600
5.710.W0
933,(00
460,400
First National
500,( 03
6,'38.900
49,400
6,146,500
1,394,309
517,500
5,170,5(0
experience has shown that a little speculative manipulation can Third National
1,000,000
268,700
893.300
187.200
29,600
N.Y. National Exch.
500,000
1.4(r2,900
control the stock and compel high rates for its use.
874,400
692,700
To-day, the Tenth National
271.900
89,900
1,000,010
1,853.700
225,000
905,00'U
rates on gold loans were 1 and 2 per cent for
254,000
4,000
National...
250,0(0
1,170,000
borrowing, 1 for Bowery
1.075.000
180,01)0
281,010
New Yo-k Co. Nat.
200,000
1.246,000
carrying, and flat. At the Treasury sale of $500,000 on Thursday German American. 2,000,QUO 4,831,200
4,734,4)0
149,000
1,535,800
the total bids were for $2,980,000.
1.674.200
234.700
21,000
The Treasury will sell $500,- Dry Goods
2,117,100
1,000,000
000 of gold on each Thursday during October—total, $2,500,000.
Total
$32,135JW0 $279,539,400 $18,919,900 $65,700,400 $236,460,800 $25,625,800
Customs receipts for the week were $2,533,000.
The deviations from the returns of previous week are as
The following table will show the course of gold and opera¬
fjllows:
tions of the Gold Exchange Bank each day of the past week:
Dec. $880,00 0
Loans
Dec. $1,029,800 Net Deposits.
12,ao
-Quotations.
Dec
Circulation
Specie.
Dec.
id(2,20
Balances.
Open- Low- High- ClogTotal
some
...
-
,
ine.
,
est.
est.
ing.
Clearings.
Gold.
Currency.
Saturday, Sept. 26.... 109* 109*’ 109% too* $16,294,000 $1,400,675 $1,551,806
Monday,
“ 28....10)% 109* 110
109*
27.848,000 1,606,1-40 1.759,226
Tuesday,
“ 29
109% 109% 110* 110*
25,569,000 1,771,100 1,948,403
Wednesday. “ 80.... 110* 110
110*110*
40,046,000 r 1,993,668 2,335.169
Thursday, Oct. 1....11G* 110 110* 110*
34,533,000 1,518.318 1,687,824
..
Friday,
“
2 ...110* 110* 110* 110*
24,728,000
1,343,409
Current week
109* 109* 110* 110* $169,018,000
Previous week
109* 109* 109* 109*
85,528,000
Jan. 1,1874. to date.. .110* 109
114*110*
1,292,935
The following are the quotations in* gold
can coin:
$
1,481,249
$
1,422.072
for foreign and ^meri-
Inc.
Legal Tenders
The following
6 are
8)5,600
the totals for a series of
Legal
Specie.
27.375.400
27.755/00
26 646 700
25,293,700
25,740.000
22.852.000
19,554,900
Loans.
287.U83.400
235.315.000
25.... 284 168,100
1.... 2S2.U12,600
8.... 280.534.300
15... 279 256.200
22... 2781576^000
Jnly 11
...
July IS....
July
AUg.
Aug.
Aug.
Aug.
Aug. 29.... 278 S19 800
Sept. 5.... 279*084!900
367 .500
800
280.36,
Sept. 12... 280
Sfipt.19.... '280.5fi9.2U0
Sept. 26.:; 279,539,400
18 633,100
18^891.300
J9.863.100
Tenders.
fil,335,UX>
61.853,700
63.714,800
65,318,900
66.519.500
66.578.100
65.891,400
67,232,600
65,004,700
65,325,900
’
18,919,900
65,700,100
weeks past:
Deposits.
Circu-
243^5.600
242,983.60
25.923.700
25.-27.O0
242..41,300
242.261.600
287.915,500
234)164,100
25,(62,200
25.805,(00
25,£09.-hi)
244.813,800
285^00,100
234,746,000
237)332,500
235.840^00
236,460,800
25,»b<.600
MrS&.000
25,803,300
Aggregate
Clearings.
444.578.841
886.300,415
358.796.075
298,819,685
339,534.958
SOI, 91.616
8.t), 109.469
8)7,151,644
25,^2.400
373,742,142
25.638,600
404.lto.713
25,605,700
25,625,500
690.896,790
406,048,051
Boston Banks.—Below we give a statement of the Bosto11
National Banks, as returned to the Clearing Eouse on Monday,
Sept. 28, 1874:
3.181,000
42268.900
2.318.800
1.759.700
566,700
1,500,000
1,500,000
1,000.000
600,000
200.000
500,000
1,000,000
1,000,000
Atlas
Blackstone....
Boston
Boylston....
Broadway.
Central
Colombian..........
Continental
FaneullHall
Freeman’s
Globe
Hamilton
Howard
Manufacturers
Market
Massachusetts
Maverick
Merchants
Mount Vernon
How England
North
Old Boston
Shawmut
Shoe A Leather
1,000.000
1,000,000
State
Suffolk
2,000.000
1.500,000
First
Second (Granite)...
Third
Bank of Commerce
Bank of N .-America
B’k of Redemption.
Bank of Republic...
Commonwealth
1.729.400
10,5'JU
8.203.700
6u9.00C
2.621.600
3.239,4(0
2 330.800
2 517.300
4.813.400
4.73', 100
1.322.700
5.128,600
2.102.100
6,106.100
3,014,000
3,267 OOC '
1.955.60C
2.113.500
4.995.700
3.339.800
5.450.500
500,000
1,000,000
1,000,000
L 000,000
1,500,000
2,000,000
200,000
Union
Webster
58.800
859,800
47.500
4.200
9.400
211,700
718.600
2,517.000
561.2(0
1,118,5(0
923 40J
877.400
517.900
133.1(H)
351.800
377.1(H)
601,9U0
910.900
557,390
245.200
1.461.300
176.600
771,8(0
71<»,O00
329.600
587,9,()
49>,5oo
953.600
721,(00
1,3-22,400
1.307.700
833.7(0
1,1 64,900
33.300
1,070,600
178.100
167,800
179.3J0
91.500
1, 86.300
909.600
811.700
671.700
972,bOO
1.843.500
936.600
2. 99 200
491.100
1,194 2:0
857.000
2,183,000
505.100
9 6,200
1.729.700
352,10(1
2.137.500
743.200
460.100
74,-00
1,‘288,5)30
135.300
432.400
188,000
388,000
97,800
138.400
‘256.500
33.600
567.900
101.400
77.700
58,000
85,000
2.400
2..'67.7(0
1,275,9(0
457.000
14.500
100
1,011,600
1,000,000
1,500,000
339,500
9,100
25,000
120.100
87,100
552,9i0
797.200
113.3 JO
529.800
348.00')
S59.30'
242.600
436.8.0
442.300
55,0(0
138.400
263.100
19i ,700
205.4U0
15*0UU
792 000
798.100
23.900
5 10U
2.087,300
578.8-*}
497.0(H)
175.700
148.700
670,000
695.2U0
8,619,600
23.100
39.700
51,000
28.200
60.400
S,('19.3‘JC
765 20v)
797.900
57.400
140 0J0
71,200
278,200
75 700
124.700
67.900
43.100
165,500
74.500
551.900
14.500
3 763.700
8.518.300
1,473.000
8.659.400
300,000
Security
68.600
12.900
8 >4,600
85.500
9.200
32.700
184.000
860,800
1,814.400
365.900
614.10U
278.300
752.400
75.900
173.700
8,000
2.090,200
1,273." 00
2,000,000
1,000,000
1,000,000
1,500,(00
85.100
44,000
11,0)0
‘.*5,100
32.800
1,000,000
Hide A Leather
Revere
19,300
15.60U
69.200
2,000
1.811.400
1,600 000
City
Eagle
Exchange
2.804,0C0
2.462.100
1.108.500
2,000,000
750,000
Washington
11,000
13,000
2,584 910
600,000
Traders
Tremont
2,660,0U0
2.241.900
2.581,200
1.761.300
8,000,000
200,000
1,000,000
1,000.000
900,000
106.100
47,000
42 200
837.200
500,000
800, OOC
800,000
400,000
64.OU0
227.700
175.700
668.200
590.900
700.800
656.501
171,50)
632.100
569 100
697.800
765,8(i0
300 IHHl
454.700
321.900
73?’, UK)
778.100
6,9,7 0
929.900
ISO 000
53*.OHO
623,000
481.700
$4S,721,506 $25,030,400
Total
$49,550,000 $131,940,400 $2,253.81)0 f8,750,10C
Thetotal amount “due to other Banks.” as perstatementof
Sept. 28, te $24,893,400.
The deviations from last week’s returns are as follows :
Loans
Increase. $101,200
Specie
Legal Tenders
Decrease.
Increase.
The
following
Date.
are
LegaiTender.
3.594.400
10,031/00
3.562.800
9,669,200
8.501,*00
9/.‘95.700
1.513.400
* 9.690,300
9.4’4. ICO
3.43V0O
8.373.800
9,393,100
Specie.
129,490,600
130,114,300
13.>.199,100
130,357.000
ISO,402.100
129,158,400
129.299,930
129,696.600
Julv 20
July 27
182.200 Circulation
34,530
...
August 8
August 10
August 17
AugUt2i
August 31
ept. 7
ept. 14 ...,
8,325.000
2.7-3,200
2.640,200
2.670.400
2,436,(00
2.253.800
130,460,’00
131.256,600
131,553.600
sept. 21
gept. 23
9,463.600
9.748,290
9,336,000
9,214,400
8,715,6(0
8,750,100
Deposits. Circulation
52,380,700
24,563,500
25,161.7(0
50,466,9f0
50,575 400
25.118,900
50,821,500
23,1^0,600
50.440,‘.00
25,179.4(0
49,979.99025,233,109
49,289,900
25,896,100
43,78*1.700
25,166.8.0
49,-96,500
25. '04.900
49,931,500
25.013,20))
49,880,600
25.112,700
43.721,500
25,030,400
131,940,400
Philadelphia Banks.—The following is the average con¬
dition of the Philadelphia National Banks for the week ending
Monday, Sept. 28, 1874
:
Total net
Capital.
Bangs.
L. Tender
Loans.
Specie.
Philadelphia
$5,400,000
$30,000
$1,855,000
41,230
1-,623,300
Commercial
4.320,000
6.241,800
2.513.000
3/00
2,. CO
553,000
$1,500,OOC
North America
1,000,000
Farmers and Mech. 2,000,000
810,000
800,000
500,000
250,000
250,000
500,000
400.000
Mechanics
Bank N. Liberties.
Southwark
1/390 0*0
‘2,313.000
2,704.000
10,2(0
2,000
357,000
556,000
563,000
216,0(0
Manufacturers’....
1,000.000
i.403.000
1,016 062
1,261.673
2.318,255
2,897,000
Bank ol Commerce
Girard
250,000
723.-06
690
238.576
1,000.000
3,9.59,000
1,617.003
1,195,659
1,555,724
850,499
2,263.000
1.6S5.000
3.362.0(H)
1.017,4-8
25,000
3,000
1,035,000
Kensington
Penn
Western
Tradesmen’s
Consolidation
200,000
300,000
400,000
300,000
City...
Commonwealth....
Corn Exchange....
Union...
500,000
500,000
First
1,000,000
300,000
150,000
Third
Sixth
Saventu
.....
32,(00
4,000
2.000
275,000
:,o;o.ouc
750.000
4,311.000
2,149,000
6?S,(XK)
82.000
23,010
$60,547,431
$355,325
Republic.. 1/HH),000
Security
250,000
Total
258.575
735,231
821,000
7.5(H)
9,000
577.000
571.000
250,000
Eighth.......
Central
Batik of
1.000
60,050
10.51 0
685
:$16,435,000
*
*
*
*
....
326,000
222.H*6
294.379
l?2,6"4
72* ,000
.
DeposIts.CIrculat’n.
$3,897,000 $1,000,000
79J.OOO
3,921,000
5,269.100
1,000,000
5i *9.000
1,689,000
1.464,000
474,000
2,241,000
414,000
1,403.000
214,000
225.000
687.072
359.150
179,770
215.135
2,598.983
541,475
1,340.800
590,541
205,530
8,250,000
600,000
173.000
1.175,000
811,302
270,000
1,399.000
284.000
102,000
102,000
224,000
416,000
127,000
$13,042,571
269,915
450,000
837,000
734,000
1,880,000
3.514.000
916,000
442,000
344 000
1,100.000
359 657
923,133
593,-60
2.170,000
259,828
135,000
219,350
232,455
307.000
793.000
573 000
3.9i 5,000
1,0 0 000
457,000
The
following
Date.
July 20
July 27
August
..
3,....
August 10...
...
,
.. ...
are
Specie.
535,787
69.102.643
445.637
59,845,954
59.952,331
472,466
479.803
August 17
August ‘24
Auxust 81...
Sept. 7
S“nr. 14
Sent. 21
.
Sept.28
.
424,031
408.528
60,20') 4 )8
60.821,491
.,
.
60.9 U.076
4'X), 196
471.824
456.004
373.6JI
6J.547.43l
355,525
60.724.393
...
„
...
WASHINGTON,
Legal Tender.
15,508,9 >1
16,510.141
16,41-2,853
16.4J0.996
16.071,145
16.118.5cS
48 593.256
48 563.031
16,230,212
43, >41 891
15,8)8.533
14 699.374
47.929.875
14.563.865
15 042,571
468.852
11,489 293
U.44MK6
l1.50l.9aS
11 486.213
11.457.466
434,590
11,4*5,480
11,456,135
ll
47.323.599
47,4-*2.226
47,659.916
I>. O.—PRICKS.
Hid. As
Ask
Wash. Co. S. bon'is, 7s,1575
Chicago Relief bonis, (s, 1677.1
Perm Imp., 6s,
.1891
■
do
7i 1.51
1
.
Market Stock b u te,7s. 1392..!
Water Stock bou s 7s, 1901....
do
do
.
1903....
Water Stock 6s 18 >*
do
1374
5 year Cers., 7
3-1’, 1875
Ten year Bonds, 6s, 1878
Fund. Loan (ConO 6,g, 1892..
„
do
(Le/),Cs.g, 19u2..
Cero. of Stock fl8 Jt) 5s, at bleaa
do
(184 ) 6s
do
29,351
Deposits. Circulation
11.441,962
43,340,382
48.7V7.02S
11,4-9,lt9
43,77l,:2i
92
90
92
81
-
T
,
86
86
Ches A O Can stk ( *47) 6s,at pi.
Board of Public W orks—
Cers.. Gen. Imn.Sa. 1874
do
1875
do
1876
do
1377
do
1873
do
Series.
.....
-
t
r
r
.Certificates, Sewer, 8b, 1874..
.
84
83
83
83
83
84
68
97
do
1875....
68
B7
ao
1376...
1377....
68
68
63
es
t-
t
do
do
do
*
93*
80
Water
1878....
Series.
Certificates 8s 1377...,
9S
98*
98*
Burlington A Mo. L. G. 7s
98
93*
Chambly 7b
Verm’tCen.,lst M., cons.,7, ’86
do
2d Mort., 7,1891
Vermont A Can., new, 8
Vermont A Mass., 1st M. 6,’83.
60
23
Stansted A
Boston A Albany stock
Boston A Lowell stock
Boston A Maine
Boston A Providence
Cheshire preferred
....
87
86
86
8>*
84*
86*
63*
2*
02*
114*
150*
122*
Chic., Bur. A Quincy
9
Cln., Sandusky A Clev.stock.
50
44*
pref..,,
*
25’
48
90
105
5
81*
6s,’67,5-10,1st...
do
10-15,2d...
do
15-25. 3d.,.
100
100
108
111
101
lii*
6s, new
do
6s
do
7s
New Jersey State 6s, Exempts
Delaware State 6s
RAILROAD STOCKS.
99
86
44
Camden & Atlantic
do
do
pref.
Catawissa
42*
32*
pref..
..
pref.
do
Lehigh Valley
Little Schuylkill
101
104*
40
50
6
12*
60
•47
x-..
x45
15
43
33
8
13*
60*
54
Nesquehonlng Valley
Norristown
Northern Central
North Pennsylvania.
Oil Creek A Allegheny
90
c2
River.
Penns/ivanla...^.
Philadelphia A Erie
Philadelphia A Reading
48*
8*
54*
14*
55*
33*
‘9"
54*
14*
55*
Philadelphia A Trenton.......
Phila., wilmlng. A Baltimore. 54*
125* 125*
United N. J. Companies
50
West Chester......
52
Pref
do
WestJersev
48
...
CANAL STOCKS.
Chesapeake A Delaware
Delaware Division
Lehigh Navigation
46
47*
pref
122
••
Pennsylvania
Schuylkill Navigation
6*
12*
pref
do
43*
47*
50
Morris
do
124
l6“
12*
Susquehanna
Union
Connecting 6s 1900-1904
Dan., H. A Wlikes, 1st m.,7s,’87
East Penn. 1st mort. 7s,’86...
El. A W’mspot t, 1st m, 7s. ’80.
do
do 5s,perp
Harrisburg 1 st mort. 6s, ’83....
H. A B. T. 1st mort. 7s, 90
do
2d mort. 7s, *75....
do
3d m. cons. 7s,’95.
Ithaca A Athens g. 7s,’90
Junction 1st mort. 6s, ’85
do
2d
do
1900
Lehigh Valley, 6s, 1898
do
do
do reg, 1898
.
do
do
do
lOo”
g/94.
gold, ’§7 97“ 98
scrip
97*
97*
89
76
76
86
88
S9
81
83
62
97"
X93
98*
9o*
9J
102
lUO”
99
89
102
ioi” 108*'
88
50
100
97
60
100
101
7s. l»10 104
Little 8chuylkll 1.1st M.,7, 1877.
Northern Central 2d m, 6s. ’85.
do 3d m,6s, 1900 ..
do
do
con. m. g. 6s. 1900
58’
93“
IOI*
1C5
94
50
93
Northern Pacific 7 8-10s. 1900.. 29
101*
North Penn. 1st m, 6s, ’85
105
do
2d m. 7s, ’96
do
10s, chat, m.,^ . 104
do
gen. mort. 7s, 1903 103
Oil Creek A Al. R., con. 7s, ’88. 50
Oil Creek 1st m. 7s/82
PennA N.Y.C.ARR. 7s.*96-190$ 109*
4.
Baltimore fs of "75
do
1884
do
6S/90C
1890. Park 6s
do
Baltimore A Ohio 6s of *75
6s ol ’80...
do
do
do
do
6s ol '.85.,..
Central Ohio, 1st M.,6
Marietta A Cln., 1st M.,7,1891.
2d M.,7,1896.
do
do
Norfolk Water 8s
North. Cent. 2d M., 8. F., 6, ’85.
do
do 8dM., 8. F.,6,1900
do Id M. (Y. A
do
6,*77
do Cons, (gold) 6,1900
do
Pitts. A Connellsv., 1st M.,7, *98
do
do
lBt M.,6,1889
.
Cj
ICO*
60
Parkersburg Branch
Central Ohio
preferred
CINCINNATI.
Cincinnati 5s
do
6s
do
7s
do
7-30#
88'
23
70
108
101
l66'
ioi*'*
102
101
10-2
101
104
£0
?0*
10! \ 102
92* 93
93"
94"
90
95
91
80
92“
do
bonds, short
londs, long.
Cln., Ham. A D., 1st M., 1, 80...
do
do
2d M.,7, *85...
do
do
3d M., 8,77...
Cln.. Ham.A Ind.7s guar
Cln. A Indiana, 1st M., 7
do 2d M..7,1877..
do
Colnm., A Xenia, 1st M.,7, '90.
Dayton A Mlcb., 1st M., 7 81..
2d M.,7,’84..
do
do
do
3d
do
7.’88..
do To’do dep. bds, 7, ’81-’94.
Dayton A West., 1st M.,7,1905.
do
do. 1st M.,6, 1905.
Ind., Cln. A Laf., 1st M.,7
do
(I. AC.) 1st M.,7,1888
Little Miami, 6,1883
Cln. Ham. A Dayton stock....
Columbus A Xenia stock
Dayton A Michigan stock ....
do
8 p. c. st’k guar
Little Miami stock
LOUISVILLE*
Louisville 6s,’82 to’87
do
6s,’97 to’98
do
Water 6s, ’87 to *89..
Water Stock 6s, ’97.
do
Wharf 6s
do
do
special tax 6s of ’89.
Jeff., Mad. A I.lstM.(IAM)7, *81
do
do 2d M.,7,.
do
do 1st M.. 7,1906....
Louisv-C A Lex., 1st M.,7/97..
Louis. A Fr’k., 1st M.,8,,70-,78..
Loulsv.Loan,6,,81.
do
L. A Nash. 1st M. (m.s.) 7/77..
do Lou. Loan (ro.s.18, *86-*87
(Leb.Br.)6/88
do
do
do lstM. (Mem. Br)7, *70-*75.
do lstM.(Leb.br.ex)7.,80-’85
do Lou. L’n(Leb.br.ex)6,*9S
do Consol. 1st M.,7,1818....
Jefferson., Mad. A Ind...
ST. LOUIS.
82
IOC)"
92*
4$*
42
80
90
100
101
!)4
64
97
90
100
78
86
18
90
94 ’
87
85
90
35
75
70
65
91
65
96
40
102
96
81*
79*
ft)*
81
SO
81*
n
70
S3
94
IfO*
103
99
92
UK)
102
100
95
87
99
92
1C2
80
83
75
92
95
89
i8
91
99
80
78
8«
92
63
97
42
104
97
82*
80*
SI
81*
a*
8*
70
85
86
36
71
86
87
96
82
82
68
97
35
86
85
£6*
83
81
si*
63
84
8
10
10
83
8
n
•9!*
St Louis 6s, Long Bonds
+99
do
Water 6s gold
do
do (new) +99
do
91
North Missouri. 1st M.7s.. .
At.A Pacific guar, land granta 90
2C
2d M
do
Pacific (of Mo.) 1st M. gld.... 79
do
do
2d M. bds. ... 68*
8*
Kunss* Pacific stocK
.
M.
•ao
1st
gld 8s. J. AD., 55
do
do
do F.AA 58
Pacific RR. of Mo. stock ....
•
And interest.
t Flat.
92
170
Cincinnati Southern RR. 7s...
Haul. Co.,Ohio 6 p.c. long bds. 90
do
7 p.c.,1 to5yrs. 97
do
lg bds,7 A i.80» 100
do
do
Cln. A Cov.Brlage stock, oref 97
Louisv., Cln. A Lex.,pref,
do
common.
do
Louisville A Nashville
:02
105
102
100
97
do
77
77
90
88*
WestMd,lstM.,endorsed.6.’90 99’
do
1st M., unend.. 6, ’90..
2d M., endorsed, 6/90. 90*'
do
do
98
75
Baltimore A Ohio stock.,
51*
Mineblll
,
96*
88
BALTIMORE*
Maryland 6s, Jan., A., J. A O..
107
do
6s, Delence
102
ioi*
103* 104
Alleghany County,5s,coup... (6*
Alletrhany City 6s
Pittsburg 5s
Philadelphia 6s, cld
75
38
93*
Susquehanna 6s, ’94
Pennsylvania 5s, coup
do
*77
conv.,
do
BONDS.
Harrlsb’g, Lancaster AC
Huntington A Broad Top.
96*
Rfc/97....
Morris, 1st M.,6,1876
do
2d M., 1876
do
boat, ’85
Pennsylvania 6s, 1910
Schuylkill Nav. 1st m.6s,’97..
do
2d m., 6s, 1907
do
m. 6s, c..’95..
do
6s, Imp.,’80...
do 68, boat'A car,1918
do 7s, boat Acar.1915
PHILADELPHIA.
do
pref
do
new pref
Elmira A Williamsport
Elmira A Williamsport
East Pennsylvania
Lehigh Navigation 6s.’31
do
do
do
55
53*
*81*
90
do
Port.,Saco A Portsmouth..... 112* 113
Rutland common
do
preferred
Vermont A Canada
Vermont A Massachusetts
*
Ex dividend.
Chesapeake A Dela. 6s, ’82...
Delaware Division 6s, *73
Manchester A Lawrence
Northern otNew Hampshire.. 104*
118* 125
Norwich A W orcester
do
83
CANAL BONDS.
9*
125
Ogdens. A L. Champlain
x*..
100
1901.
71)
*77.. 98
Sunbnry A Lewiston 7s. 1690..
24
Warren A F. 1st m. <s,’y6
:oi
West Chestercons. 7s, ’91
West Jersey 6s, ’83
82*
do
1st m. 68/96
104
do
do
96
7s,’97
Western Penn. 6s, ’93
115
do
do
6s, p.b., *96
70
77* Wilmlng. A Read.,1st M.,7,1900
do
do 2d Mort, 1902
103
136* 140
Connecticut River
73*
Connecticut A Passumpslc, pf.
60
60*
Eastern (Mass.)
(New Hampshire)...
Fitchburg
93
63*
Pitts., Cln. A St. Louis 7s
Shamokin V. A Pottsv. 7s,
Sunbury A Erie 1st m. 7s.
Concord
Eastern
isk
do
do
7s, ’98 105*
do
deb.bonds/93
do
g.m. 7b,c. 1911 l6i'
do
do reg, 1911
do
6s, g.. 1971..
do
new cony. 7s, 1893 104
Phil. A Read. C.AI Co.deb/is’92
do 1st m. 78/92*3
do
96* 97*
Cheshire, 6s
94
Eastern Mass.. 7s
Hartford A Erie, 1st M (new)7. 23*
ICO*'
Ogdensburg A Lake Ch. 8s
Old Col. A Newport fids, 7, ’77. 104* 104*
Rutland, new 7s
do
do
do
101 \
98
93
Philadelphia A Reading 6s, ’80
99*
Portland 6s
Val. 7 3-10s. ’.396 ....
Alleghany
8
do
7s E. Ext.,1910
Belvidere Delaware.lst m.e.’T?
do
do
2d M. fis/35
do
3d M. 6s,’87
do
Camden A Amboy, 6s, ’75
do
do
6 s,’83
do
do
6s,’89
do
do mort. 6s, ’89...
do
consol.,6s,’94...
Cam. A Atlan. 1st m, 7». g. 1908
do
2dm, 7s,’80..
Cam. A Burlington 6s, 1347....
Catawissa, 1st M. cony.,’82—
do
chat. m. do
’88....
do
new 7s, 1900
Dec..
49,181/1)
ICO
182,000
the totals for a series of weeks past :
Loans.
-
101)4
BAILKOAD BONDS.
$47,659,916 $11,456,135
18,279 I Circulation
473,706 1
Dec.
Inc..
108
Chicago Sewerage 7s
do
Municipal 7s...
STATU AND CITY
Pennsylvania, 1st M.,6,1880...
2d M.,6,1875...
gen. m. 1910
do
gen. m., reg., 1910
Perklomen 1st ni.es/9T.
Phila. A Erie 1st m. 6s, ’81
do
2dm. 7s. ’88
101)4 101*
New Hampshire,6s
Vermont es
Massachusetts 6s, Gold
do
5s, Gold
Boston 6s, Currency
do
5s, gold
Old Colony
Bid
do
do
102
796,000
The deviations from the returns of previous week are as follows:
Loans
Dec. $356,645 > Deposits
Inc.. $177,-720
Specie
Legal Tender Notes..
BOSTON.
Maine 6s
do
BBCVBITIX8.
Bid. Ask.
SKOUBITIKS.
do
the totals for a series of weeks past:
Loans.
.Tuly 13
Decrease $I,109,!00
Decrease.
82.3J0
Deposits
QUOTATIONS IN BOSTON, PHILADELPHIA, BALTIMORE. &e.
Deposits.Circui.
$485,100
$433,200
$61,400
900
82,400
43.1U0
17,500
1.175.400
1,000,000
400.000
1,000,000
800,000
1,000,000
750,000
1,000,000
Eliot
Everett...
$23,500
*1.580,400
$750,000
Atlantio
Specie. L.T. Notes.
Loans.
Capital.
Bunks.
347
THE CHRONICLE
8,1874.]
October
•92
*100
•
«
•
82
31
30
80
71
52*
88* 89
QUOTATIONS OF STOCKS AND BONDS
Bid. Ask.
8KOUBIT1KB.
.
.
8s Mont ft Euf’la R,
8s, Alab. ft Chat. R
of 1592
8s
<10
do
do
Arkansas 6s, funded.
do
7s, L. R. & Ft. S. las.
lo
7s, Memphis & L. II..
10
7s, L. It., P. B. & N.O
Jo
7s, Miss. (). ft R. liiv.
do
?b Ark. Cent LI
Mariposa Land ft M.
do
do
Co
pref..
....
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
is"
2i"
24i
....
Railroad Bonds.
Albany ft Susqh’a, 1st bonds., 103*
12
12
12
do
do
12
do
do '
2d
3d
do
<\r
..
do
do
do
do
2d M
do
do
do
do Consol. 7s..
Tol. ft Wab’h, 1st Mort. ext’d.
do
1st M. 8t L div.
do
2d Mort
do
Equip. Bds ....
Lons. Convert.
do
Hannibal ft Naples. 1st M
Great Western.1st M.,1888....
do
2d M. 1893....
199*
...
..
Bost., Hartf. & Erie, 1st M. ..
do
do
Guaranteed
Caltfornia7s
Bur., C. Rapids ft Minn. 1st7s,g
do
7s. large bondB
Chesapeake ft O. 6s, 1st m
’03* ‘
Connecticut 6s
ex coup
do
do
80**
Georgia 8s
Chic, ft Alton Sinking Fund.,
89
99
do
7s, new bonds
do
do
lBt Mortgage...
do
7s, endorse!
do
do
Income
x72
81
do
78, Gold bonds
foliet ft Chicago, 1st Mort....
101
Indiana 5s
Louisiana
ft
Mo..
1st M. guar.
101
Illinois 6s coupon,’77
St. Louis, Jack. & Chic. 1st M.
101
do
1879
do
Chic., Bur. ft Q. 8 n c. 1st M...
101
War Loan
do
Chic. K. island ft Pacific
Kentucky 6s
22" 25" Central of N. J.f 1st M.. new.,
Louisiana 6a
do
do
2d Mort.
do new oonds
do
do
do con.conw....
do new tloatiug debt.
do
Am. Dock ft Improve, bonds.
do
7s, Pe.nit oitiary
Mil.ft St. Pam 1st M. 8s P.D.
22"
do
6s, levee bonds
do
do
do 7 3-10 do
25
8s
do
do
do
do
7s gold R. D.
8s
do
do
1875..
do
do 1st Mort. LaC.D
8s
of 1910.
do
do
do IstM.I.&M.D.
102*;
Michigan 6s, 1378-79
do
do
lstM.l. ft D..
102%
do ' 6s, 1883
do
do
1st M. I. & I...
104
do
7s. 1875
do
1st M. H. ft D.
do
100
1due in 1971
M1s*<hi irl
do
1st M. c. ft M.
do
99* ICO*
1S75.
do
do
do
do
2d M
do
98
1976.
do
do
ft
N.
Western
8. Fund...
Jhlc.
96*
1977.
do
do
do
do
Int. Bonds
95^ 93*
1878.
do
do
do
Consol, bds
ao
94
1879,
do
do
do
do
Extn. Bds
Funding bonds due in 1894.. 91*
do
do
1st Mort..
94*
Long bonds due *81 to 91 incl
do
do coup gld bds
Asylum or Univ* ro„ due 18_>2
do
do regrn
do
H. ft St. no. fund b, due 1875
Iowa Midland, 1st mort.,8s...
96“
do
do lw76.
ft
Extended
.
Chicago
93* Galena
do
do 1886. 92
2d Moit...
do
92
93
do
do 1837.
Peninsula 1st Mort., conv ...
New York Bounty Loan, reg.. ’.07*
Chic, ft Milwaukee 1st Mort...
103 * 109
do
do
do
coup._... 108
Winona ft St. Peters 1st m
oo
6s, Canal Loan *874. 103
do
3d in..
do
6s, do do
1875.. 103
C. C. C. ft Ind’s 1st M, 7s, S. F.
do
1877.. 1U8
fis, do do
Del., Lack. A Western, 1st M.
do
6s, do do
1378.. ill
do
.‘o
2dM..
do
6s, Gold reg. 1837.. 114
do
do " 7s conv.
do
6s, do coup.l8>7.. 114
Morris ft Essex, 1st Mort
do
6s. do loan.1883..
do
do
2d Mort
do
1891.. 116
do
6s, do
do
do
Conv. bonds
do
1315.. 103*
do
5s, do
do
do. Construction
10s*
do
1876
do
5s, do
no
do
7s
of 1871
24
29*
North Carolina 6s, old, J. & J. 2U
Erie 1st Mortgage Extended .
21
A. & O
do
do
do
Endorsed...
do
do
42
do N. C. U.It- J&J....
do
do 2d do
7s, 1879
42
do
A. & O....
do
do
no
3d do
7s,1883
...
12
111
....
65
50
106*
92
104
a2
-
•
*
•
*
#tft
92*
110
105
...
-
*
-
106*
1(6*
**"
103*'
.
...
99
194
91
....
....
87*'
84“
...
-
-
T
78
...
.
®
do
do
101“ 103‘
«
95
85
w
»
••
do
do
do
do
do
QO
do
do
do
do
do
do coup off,.). ft J
do do off, A & < >.
B unding Act, 1866.
do
186«.
new
do 4th do
do 5th do
do 7s, cons.
15
14
bonds, .J. & J.
do
A.&O. 10*
do
do
Spec‘1 Tax, Class 1
Class 2
do
do
do
do
:01
Ohio 68,1875
lu3
do 6s, 1881
103*
do 6s, 1886... .
103
Rhode Island 6s
South Carolina6s
Jan. ft July..
do
do
do
April <!fc Oct..
do
uu
do
Funding Act, 136.,
do
Land
C, 1889. J & J
do
do
do Land C, 1389, AAO
do
do 7s
of 1888
do
do
nonfundable bds
do
Tennessee 6s. old
....
....
do
do ex coupon
do new
d >
do
do
do
do
do
do.
bonds
ex coupon
Texas, 10s, of 1876.
Virginia 6s, old .
do
new bonds, 1866 ..
do
do
1867...
do
do
do consol, bonds
do
do
do
do
do
do
2d series,
deterred do
.....
I'lallrond Stock*.
(Active previously quoted.)
Albany A Susquehanna
Central Pacific
Chicago & Alton.
104*
101%
105*
107*. 1U8*
1^7*
7
20
17
....
17
17
17
17
17
...
6
•
74
56
14
56
Long Dock Bonds
Butt. N. Y. ft E. 1st M., 1877....
do
large bonds..
Ban. A St. Jo. Lana Grants...,
do
do 8s convertible m.
Illinois Central 7 p. ct., 1875...
Dub A Sioux O., let M
j.
do
2d div
do
Cedar Falls A Minn. 1st M
Indianap., Bl. A W. IstM .. ..
do
do
2d M
Mich. So. 7 per ct. 2d Mort
Mich. 8. AN 1.8.F.7p.c....
Cleve. A Tol. Sinking Fund ..
Cleve. A Tol.,new bonds
Cleve., P’vllle ft Ash., old bds.
do
do new bds.
Detroit, Monroe A Tol bonds.
53*
95*
57
97
34
34
34
52%
41
9*
68**
10
93*
bonds
93*
102*
Michigan Central
69
37*
52
*
100* *
40
16
8
Pacific of Missouri
Pitts., Ft W. A Chic.,guar..
special.
Rensselaer A Saratoga
65
8*
77*
97*
132*' 134'
53*
90*
l09
...
37
Boston Water Power
Canton Co., Baltimore.
Pacific R. 7s
...
50
40
60
87*
Dataware A Hudson Canal.
guart’d by Mo...
Pitts., Ft. W.& Chic., IstM....
>—* OO*
115* 1115*
l
•
•
•
77*
do
do
2d Mort.
do
do
3d Mort.
Cleve. ft Pitts. Consol, S. F’d.
do
do
8d Mort
d*>
do
4th Mort
Col.. Chic. A Ind. C., 1st Mort.
do
2d Mort
do
St. L. ft Iron Mountain, 1st M.
do
do
2d M.
Alton ft T. H., 1st M
do
do
2d M. pref
do
do
2d M.Income..
78
79*' 80*'
....
47
****
lOO*
105* 106
102
....
*
•
*
*
ICO*
98*
97
96*
100
t
r
97*
100*
85
95
....
93*
100
....
90
100
99
....
*
*
t
112
m
160"
%*
98
96
95
93
93
too* 101*
116* iio*
....
III
106* 107*
108*
103’
si*
«r
92
r4
93
91*
71
92*
101
64*
37*
76
93
1
•
86*
36
90
75
SO
86*
66*'
71
91
75*
83
lOO
1(0*
•v7*
105
103
92* 95
lUl*
101
* * * *
30
71
30
87
61
1‘‘5
87
72
91
72*
40
*
Sandusky. Mans. & Newark 7s
St.Louis, Vandalia ft T H. 1st
do
do
2d guar
St. L. ft So’eastern 1st 7s, gold
13
50
37*
25'
98
98
93
98
93
98
39
97
95
97
50*
Southern
45
99
Atlanta, Ga., 7s.....
99
do
do 7s, plain
Grand River Valley 8s
Hous. ft Tex. C. 1st 7s gold...
do
No 16..
Stock
Kalamazoo ft South H. 8s, guar
Kal., Alleghan ft G R. 8s,guar
Kal. ft White Pigeon 78 ....
Kansas City ft Cameron 10s.
Kan. C., St. Jo. ft C. B.8s of ’95
do
do
do 8s of 1898
Keokuk ft Des Moines lBt 7s
L. Ont. Shore RR. 1st m. gld 7s
Lake Sup. & Miss. 1st 7’s,gld.
Leav., Atch. ft N. W. 7s, guar.
Leav Law.* Gal. 1st M., 10s..
Louisiana ft Mo. Rlv. 1st m. 7s
do
do
2d M., 10s
N. J. Midland lst7s, gold
do
2d 7s
N. Y. ft Osw. Mid. 1st 7s, gold,
do
2d 7s, conv.
do
West. Extension 7s.
do
N. Haven,MIddlet. ft W. 7s....
North. Pac. 1st mjrold 7 8-lfis
do
Land Warianta....
65
do
75
r2
8s
.
50
65
7S
45
40
48
80
33
do
new bonds,6s
do
end.,M.ft C.K.R
MoblleSs..,
ao
8s
.-.
100
Montgomery's
Nashville 6s, old.
do
6s, new
100
no
tco
do
100
i66'
95
30
45
35
50
35
6s
...
Wilmington, N.C.,6sgold
do
do
88 gold....
BAILKOADB.
20
Ala.ft Chatt.,lst.M,8s,end...
Ala. ftTenn.R.lst M.,7s....
do
2d M.,7s
Atlantic ft Gull consol...
end. Savan’h
10
84
63
67
35
62
70
90
72
72
87
Charleston* Savannah6s,end.
Savannah ami Char., 1st m., 7s.
Cheraw and Darlington 7s
East Tenn. & Georgia 6s
East Tenn.ft Va. 6b. end. Tenn
65
70
88
85
85
84*
83
Memphis ft Little R. letM....
95
80
102
80
Mississippi Central, 1st m.,7s.
9U
57*
75
65
55
60
80
60
25
15
7*
92* 102
95
ICO*'
60
44
is"
'•S
31
85*
10
85
34
15
81
65
16
65
85
82
2dm., 86...
do
Mississippi ft Tenn., lstm.,78
do
•••1’
.
89
do conaold.,3
80
••
do 1st end.
do
do Income
Mont.ft Eufaulalst 8s,gld end
Mobile ft Mont., 8s gold, end ..
Mobile ft Ohio sterling
do
ex ctfs.
do
do
do
do
Ss, interest....
2 mtg, 8b
do
do
do
stock
do
N. Orleans ft Jacks. 2dM.8s.
do'
do
cert’s,8s.
N. Orleans ft Opelous,lstM.8e
Nashville ft Chattanooga, 6s...
Norfolk* Petersburg 1st m.,8s
do
do
7s
do
55
40
do
2d mo., 8s
Northeastern, S.C.,lst M.8s....
do
2d M., 8s
Orange and Aiex., lsts, 6s
do
2ds, 68......
do
3ds, 8s
do
4ths,8s
Kichm’d A Peterb’g 1st m., 7s.
Rich., Fre’kBb’g & lroto.68
do
do
do conv. 7s.
Rich, and Danv.lst cons’d 6s..
South ft North Ala. 1st M. ?s.
>
60
70
80
75
71
67
62
18
95
83
85
80
93
88
82
88
92
85
90
80
82
91
75
90
80
80
68
70
Soutliside, Va., 1st M. 8s.....
2d M. guar. 6s
do
do
95*
35* *
90
ao
85
£8
96
90
75
81
88
Montgomery*WestP..1st 8s..
b5
55*
50
2d 7s..
stock.
do
do
90
92'
53
Memphis ft Charleston, 1st 7s..
80
lOO'
60
90
S»
do
stock
do
Georgia R. R., 7s
do
stock
Greenville ft Col. 7s, gnar
do
do
7s, certif..
Macon ft Brunswick end. 7s...
Macon ft Western stock
Macon and Augusta bonds... .
do
do
endorsed .
stock
do
do
do
do
80
52
42
60
80
95
Charlotte, Col. ft A.,1st m.,18.
do
do
stock...,
40
40
52
45
60
42
68
4 * ••
stock
do
do
do
do guaran
do
Central Georgia, 1st M.,7s—
de
consol. M. 7e
do
do
do
stock......
60
40
65
80
53
62
82
65
80
Richmond 6s
Savannah 7s,old .
do
7s, new
do
40
70
Petersburg 6s
do
75
74
76
50
42
55
70
New Orlesns 5s
consol.6s
do
ao
do
do
bonds, 7s
108
do
do
to railroads,
do
do
Norfolk69
72
85
85
55
.0
62
Lynchburg 6s
Macon 7s, bonds
Memphis old bonds, 6b
166*
85
100
80
60
10
80
83
50
70
75
70
C1TIK8.
Columbia, 8. C., 6s
Columbus, Ga., 7s,bonds—
..
Logans., Craw.ft S. W. 8s, gld.
Michigan Air Line, 8s
Mo.iticello ft P. Jervi8 7s,gold
Montclair 1st 7s, gold
Mo., Knn. ft Texas 7s.gold
Mo. R., Ft., 8.ft Gulf 1st. M, 10s
40*
gld
E.Tenn.,Va& Ga., 1st M., 7s..
60
Indianap.ft Vincen. 1st is.gnar
Iowa Falls ft Sioux C. 1st .8...
Indianapolis ft St. Louis 7s
Jackson, Lansin/ft Sag. 8s...
Jack., N.W.& S.E. 1st m gl s7
Kansas Pac. 7s, Extension, gld
do
7s, Land Gr., gld.
do
7s,
do new, gld
do
6s, gld, Jun ft Dec
do
6s, do Feb & Aug
do
7s, 1876, Land Gr.
do
7s, Leaven. Brch.
do
Incomes, No. 11..
do
do
75
Augusta, Ga.,7s,bonds....
15
85
83
80
35
97
40
Dutchess ft Columbia 7s
Denver Pacific 7s, gold
Denver ft Rio Grande 7s, gold
Evansville & Crawfordsv. 7s..
Erie ft Pittsburgh 1st 7s
2d 7s
do
do
7s. equip....
Evansville, Hen. ft Nasnv. 7s..
Elizabethtown ft Padu.8acon
Evansville, T H ft Chic 7s, gld
Flint ft Pere M. 7s, Land Gr..
Fort W.. Jackson ft Sag. 8s...
Grand R. ft Ind. 7s, gold,guar.
17
Charleston stock 6s.
Charleston, S.C.,7s,F.L. bds
60
90
85
30
17
33*
Securities.
60*
Connecticut Western 1st 7b..,.
Chic, ft Mich. L. Shore .......
Dan., Urb., Bl. ft P. 1st m 7 gld
Des Moines ft Ft. Dodge 1st 7s.
Detroit, Hillsdale* In. RR.8’s
Detroit ft Bay Citv 8g...
Det., Eel River ft ill. 8s
Det..Lans. ft Lake M. 1st m. 8s
do
'
do
2d m. Ss
Union* Logansport7s
Union Pac.. bo. branches,
Walkill Valley 1st 7s, gold
West Wisconsin 7s, gold..
Wisconsin Valley 8s
14
25
82
95
St. L.. ft St. Joseph,1st,6s, gld
Southern Central of N. Y. 7s..
96*
96
96
16
93
93
65
96
50
77
80
70
50
75
47
South Pacific 6’s,gold
Southern Minn, construe. Ss.
do
do 7s
St.Jo. &C.B1. st M. JOB
do
do
8 p. c:
St. Jo. & Den. C.8s,goid,W D
do
do 88, gold, E. D
Chicago, Bur. ft Quincy 7s
Chic. Danv.ft Vincen s 7s,gld
Ghlc. ft Can. South. 1st m gl 7s
Ch„ D. ft V., I. div., I m gld 7s 40
Cleve., Mt. V. & Del. 7s, gold
Connecticut Valley 7s
90
106“
PacificR.of Mo. IstM
do
1st Carond’t K
do
co
2d M
....
..
57*
l66“
....
7
ri*
99*
97
•
do
do
reg
North Missouri 1st mort
Ohio ft Miss., consol, sink. (...
do
Consolidated....
do
2d
do
Central Pacific gold Bonds....
do
State Aid bds.
Western Pacific bonds
Union Pacific 1st M’geBonds.
do
Land Grants, 7s.
do
Income past due
do
Sinking Fund...
79
do
do
nref
Belleville A So. Illinois, pref
St. Louis Iron Mount. & Soutl:
Toledo, PeortnA Warsaw
Toledo. Wab. ft Western. r>ret
97*
85
Buffalo ft State Line 7s
Kalamazoo A W. Pigeon, 1st..
Lake Shore Div. bonds
do
Cons. coup. 1st.,
do
Cons. reg. 1st...
do
Cods. coup. 2d, ,
do
Cons. reg. 2d—
Marietta A Cin., 1st Mort
Mich. Cent., Consol. 7s, 1902...
do
IstM. 8s, 1882
New Jersey Southern 1st m 6s
do
consol.7s
do
New York & N. Haven 6s
N. Y. Central 6s, 1883
6s 1687
do
do
6u real estate
do
6*. subscription.
7s. 1876
do
do
7s, conv. 1876 ...
do
7s. 1665-76
no ft Hud. 1st mort ,coup
do
1st mort., reg..
Hud. K. 7s, 2d M. S. F. 1885
do
Ts, 3d Mort.. 1875
109''
36*
93*
95*
*ss
Ill. Grand Trunk
Chic., Dub. ft Minn., 8s..
Peoria ft Hannibal R. 8’s. ■eg
Chicago & Iowa R. 8’s....
American Central 8s
Chi. ft Southwestern RR. 7’s..
Chesapeake ft 0.1st m.gold 6s
do
2dlm. gold 7s
Col. & Hock. V. 1st <s,3«i yrs .
do
do
1st7s. 10 yrs..
do
do
2d 7s, 20 yrs...
Chicago, C. ft Dub. 8'
«
98*'
Harlem, 1st mo;t. 7s, coup
*
97
Mo., Kansas & Texas....
New Jersey Southern
N. Y., New Haven A Harl
K'3
72
•
103*
7s, 1880
7s. 1888
mort. gold bds..
Buffalo A Erie, new
....
Morris & Essex
9U
95
•
....
.
...
•
2dM,7’s,gld
Paul, 8s—
Carthage ft Bur. 8s
Dixon, Peoria ft Han., 8s.
0.0. ft Fox R. Valley 8s.
Quincy ft Warsaw, 8s
108
102
..
Cleve.. Col., Cin. ft Ind
Cleve. & Pittsburg, guar....
Dubuque A stoux Citv
Erie pref
Hannibal & St. Joseph, pref..
Harlem pret
illinois Central.
Joliet & Chicago
Long Island
Marietta & Cin., 1st preferred
do
do
2d prel...
do
8*'
93
102
do
pref
Chic. Bur A Quincy
do
do
....
Keokuk ft St.
104“
101
105
3u
ol)
98
...
.
do
do
Land M. 7s..
2d S., do 7s..
id S.. do 8r..
4th S.,do 8s...
5th S.,do8s..
6th S.,do88..
95
Rome, W. ft Ogdensburg7s..
Rondout ft OBwego 7s,gold...
Sioux City ft Pacific 6s
75
87
70
70
50
87
do
95“
Rome ft Watertown 7s
Bur., C. R. ft M. (M. div.)g.?s.
Burl, ft M. (In Neb.) 1st conv..
96' 98* Cairo ft Fulton 1st 7s, gold....
California & Oregon 6s, gold..
60*
California Pac. RR.7’8, gld....
do
6s, 2d M., gld
102’ ’ 102* Canada Southern 1st 7s, gold..
101
Central Pac. 7s, gold,conv
do
Land G. 6s g
92*' 2* Central of Iowa. 1st M, 7’s gla.
•
do
do
do
• ••
100
92* 100
20
Rockf’d.R I.ft St. L.lst7s,gld
73
do
do
do
do Creston Branch
do Chariton Branch
do
.
r
do
n r>
....
.
do
do
do
-
....
72'
Han. ft Cent. Missouri IstM..
Pekin, Lincoln ft Decatur IstM
Cifi., Lafayette ft Chic. 1st M
Del. ft Hudson Canal IstM.*91 104
do
do
1884 104
1887
do
do
90
Lontf Island Rlt 1st M.
Nashville & Decatur 1st M. is
South Side, L.I, 1st Mort. bds
Western Union Tel. 1st M.7s.. 100
miscellaneous List.
11
Arkansas Levee bonds 7s
Atchison ft P. P'<c,6b gold
Atlantic ft Pacific L G. 6s gld 25'
Atchison, Top. ft S. Fe 7s gld.
40*
Atchison ft Nebraska 8 p. c...
98
Bur. ft Mo. River, stock..
...
25
90
94
77
55
35
Peori a.Pekin ft 1.1st m.
Peoria & Rock I. 7’s, gold
Port Huron ft L M.7s, gld, end.
do
do
7s, gold....
Pullman Palace Car Co. stock
do bonds, 6s, 1st series
Lafayette, Bl'n ft Miss. 1st M.
....
Ask
RR.8’s
Oswego ft Rome 7s, guar
“2
77
65
50
50
Quincy ft Tol., 1st M., 1890...,
111. ft So. Iowa. 1st Mort
35*
Bid
Omaha ft Southwestern
92
80
74
M. 8’s.
E, D..
W. D..
BuH’d DJv.
Consolidation Coal of Md
Uimbvrland Coal and Iron
30
30
45
■
State Rond*.
Alabama 5s, 1S83
do
5s, !wt>6..
do
Ss, 1886
SKODBITIKS.
Bid. Ask.
Bellevue ft S.Ills. R. 1st
Tol.. Peoria ft Warsaw,
63
American Coal
IN NEW YORK.
SBOUBITIBb.
Bid. Ask.
SROTTKITIEb.
[October 3, 1874.
CHRONICLE
THE
848
do
3d M. 6s
4 th M. 8s
Southwest RR.,Ga.t IstM....
o
stock...
S. Carolina RR. 1st M 7s (new)
do
6s
do
7s
stork.
do
West Alabama 8s, guar
•
50*
51'
43
50
SO
30
10
10
40
29
35
PAST DUB COUPONS.
Tennessee State Coupons
Virginia Coupons..
a$
.
Consol. Loup
Memphis Cltj Coupons
90
55
60
12
75
58
35
87
55
October 3, 1874.]
THE
CHRONICLE.
349
NEW YORK LOCAL SECURITIES.
Bank Stock List.
Companies.
Marked thus
not
Capital.
1
(*)
National.
Insurance Stock List.
Dividends.
Price.
(Quotations by E. S. Bailey, broker, 65 Wall street.)
•
art
Pai Amount
Periods
1872
1873
Bid.
Last Paid.
Askd
APITAL.
Companies.
America*
American
lOt
Exchange
3,000.000
5.000,000
lot
Rnwfiry..:
IOC
2E
25
25
lOt
Broadway
Bull’s Head*
Butchers & Drovers.
Central
Chatham
250,000
1,000,000
300,000
800.000
2,000,000
450,000
300,000
400,000
1,000,000
25
lOt
Chemical
Citizens’..
City
Commerce
Continental
Corn Exchange*
Currency
25
10(
100
to;ooo;ooo
lot
2,000,000
100
100
1,000'000
Dry Goods*
100
East River
Eleventh Ward*
Fifth
1,000,000
25
25
lOt
350,000
•A0,000
150,000
....
J. & J.
M.&N.
J & J
J. & J.
O—J.
J & cJ
J. & J.
J.& J.
ev.2 mos
J. & J.
M &N
J.& J.
J. & J
F. & A.
•
100,000
First
lot
30
100
:oo
100
25
40
100
German Exchange....
Germania*
Greenwich*
Grocers
Hanover
Harlem*
irving
Leather Manufactrs...
Loaners’*
Metropolis*
Metropolitan
Murray Hill*
Nassau*
National Gallatin
New York
New York County
N Y.Nat.Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*
Nortfi America*
North River*
Oriental*
Pacific*
Park
..
Peoples*
Phenix
Produce*
Republic
St. Nicholas
Seventh Ward
Second
Shoe and Leather
Sixth
State oi New York....
Tenth
Third
Tradesmen’s
Union
West Side*
Gas
2
1
1
000,000
200,000
200,000
24)0,000
300,000
000,000
100
100
M.&S.
50D, (00
J. & J.
J. & J.
J. & J.
F.& A.
J. & J.
F.&A.
J. & J.
J. & J.
J. & J.
J. & J.
M.&N.
600,000
500.000
100,000
2.050,000
500,000
400,000
100
50
100
100
10c
25
50
25
1,(HH),00C
2 000,000
’500,000
100
50
5*0
J. & J.
J. & J.
600,000
1,000,000
M.&N.
M.&N.
3.000,000
J. & J.
J. & J.
J. & J.
J. & J.
A. & O.
M.&N.
A & O.
J. & J.
J. & J.
J. & J.
J. & J.
J.& J.
J. & J.
J. & J.J. & J.
J. & J.
1,000,000
500,0(H)
4.000,000
200,000
1,000,000
1 500 000
slooo.ooo
200,000
500,000
500,000
1,500,000
200,000
1,000,000
400,000
300,(HH)
422.700
2,000,000
412,500
1,800.000
250,000
2,000,000
1,0(H),000
500.000
300,000
1,000,000
200.000
2,000,000
1,000 000
1.000,000
1,000,000
1,500,000
200,000
-
-
•
4
10
4
8
8
10
14
6
5
7)4
7
16
12
10
7
*
*
-
F.&A.
8
F. &
J. &
J. &
J. &
J. &
9
A
J.
J.
J.
J
M.&N.
J & ,J
J. & J.
J. & J.
M.&N.
J. & J.
July J,71...7
July 1,73...8
Jan.,
July 1, 74.3k
Inly !, ’74. 6
Aug.l, 74...3
July 1,74.. .6
July 1.74.. .5
July 1,74.3k
Aug. 10.74.,4
Aug.10 *74 4
July 2.74. ..8
Julv 1. 71.. .7
July 1,74.. .6
6
10
12
8
8
8
12
10
8
12
11
4
8
,
•
•
•
.
July l,74\4g
Tuly 1.74...5
day l, 74...5
.
r
.
*
•
.
195
......
•
-
*
....
120
0
135
.....
.....
89
117
120
110
.....
usk
106
......
130
1(6
125
122
...
110
•
•
...
*
100
100
.
.
r
91k
......
135
140
100
.
137
•
•
•
104
105
.
t
t
.
iii*
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn...
do
25
20
certificates.
Harlem
Jersey City & Hoboken....
Manhattan
Metropolitan
uo
—.
50
20
140
.
•
.
....
New York
People’s (Brooklyn)
do
do
bonds.
Westchester Countv
do
sertn
Broadway <fc Seventh Ave—stock.
1st mortgage
Brooklyn City—stock
1st mortgage
Broadway (Brooklyn)—stock
Brooklyn'dk Hunter's Pt—stock...
bonis
Brooklyn—1st mort.
1st mortgage
Atlantic Av
,
2d
do
3rd
do
Central Pk, N. dk E. River—stock
’st mortgage
2a
do
1,000.000
500,000
10s.
1,000,000
100
1000
10
1000
100
:oo
1000
500
500
500
100
1000
1000
1000
100
Sept 22,74
40n,000
|
900,000
694,000
2,100,000
1,(100,000
2,000,000
300,000
200,000
40*1,000
300,000
115.000
100.000
164,000
NoV.'ij
M.&N.
7
Q-F.
5
4
May!
5
5
Jan.,
M.& S.
F.&A.
300,000
50 1,000,000
....! 1,000,000
Bleecker Bt.dk Fulton Ferry—stock 100
1st mortgage —
1000
Feb., 74.
Jan., 74.
Mch., 74.
5 000,000
i( 6 4,000,000
50
5
5
5
5
1,850,000
386,000
4,000,000
,
Williamsburg
Oct. 15,74
F.&A.
J. & J.
J. & J.
M.&S.
J. & J.
2,800,000
750,000
10
?*
A. & O.
50
100
25
Q-J.
July 21,74
J. & J.
J. & J.
J. & J.
J. & J.
J.&I).
Q-F.
J. & J.
J. & J.
J. &
A.&
A.&
J. &
7
73
74.
Jau.f 74,
’73-j
Jan., 74.
.1
225
“87
iio“
97
8 2k
93
Sterling
Stuyvesant
Tradesmen’s
United States
*
Over all
50
50
50
100
100
25
100
25
50
100
100
25
25
25
50
200,000
210,000
200,000
150,000
1,000,000
200,000
800,000
200,000
200.000
200,000
150,000
200,000
200,000
200.000
200,000
150,000
250,000
250,000
Bid.
Askd
15,295 10
6,598
10
3k July, *74..5
July, ’74.. 6
July,’74..7
July,’74. .5
July, *74..5
July, "74..5
48,768
June,*74.10
318,257 20
July, *74..S
10,462
13
20
Aug.,74.10
214,850 16 15
20
20
20
20
July.
74.20
224,865
227.382 33k 13
ISk 7 July, 74.8 k
14
198.994 i4x 14k 20
Augl074.l0
14
17
10
98,640 14
July, 74.10
10
10
10
July, 74..5
20,349
10
5
10
27,093 11
*Uy, 74..5
11
5
10
50,181 10
%ly, 74..8
«k 8k July,74...5
137,974 18 20
20
•20
20
20
Api., 74.15
391,016
10
10
10
69,113 10
July, 74 .5
10
10
86,872 4
duly, 74..5
7
July, 74. .5
36,766
5
5
10
Julv, 74..8
74,204 20
July,74..5
21,755
io ‘ io" July, 74..5
10
70,493 io
....
5
18
45,287 12
10
15,193
17
12
10
200,533
....
10
.
.
.
.
10
10
,
244,672 10
123,827 10
93,874 20
59,418 5
5
4
10
....
10
10
11
20
10
....
io
5
5
10
9k
]k
5
....
10
10
....
t
16
....
10
14
10
20
10
15
•
.
.
16
is
10
10
20
10
•20
10
10
11
5
5
20
20
20
11
20
12
20
12
20
16
16
25
6
20
16
7
4
20
20
15,799
12
18
16
.
10
10
16
10
12
12
11
12
10
0
165,316 16
47.779
33.235
66,279 0
32,893 0
43,447 0
181,409 0
62,186 14
216,767 4
158,628 10
...
3k
18
10
23
20
14
11
16
12
12
12
12
10
11
10
10
....
3k
16
,
6
July,
July,
July,
July,
July,
to
74,410
18,336
87,540
26,101
137.086
190,248
20
-
.
•
•
10
12
20
18
20
14
10
5
L4
14
10
20
0
13k
6
5
14
14
10
Jul\,
July,
July,
July,
74..5
74..5
60
80
145
:oo
60
95
200
100
210
180
210
220
147
135
150
125
.
.
82
112
225
July, 74.10
•
«
July, 74..5
July, 74.10
Augl0’74.10
.
.
July. 74..5
July, 74..ft
Apl., 74..6
July 74.20
0
13
0
14
L0
»
91
70
Tuly, 74..5
Auv.5,’74 5
July, 74..9
July, 74..5
July, 74. .7
July, 74 .7
127
...
105
10075
100
100
•
•
.
....
"&o
.....
.
100
•
•••
*70
190
95
..
..
102
112
.
150
•
•
•
•
....
.
103
85
85
70
170
95
95
no
90
....
•
•
••
...
....
70
100
"ei'
85
[Quotations by Geo. K. Sistaee.]
*95 *
187
102
170
72)4
Price
Bondsdue
Rate.
New York:
Water stock
1841-63
do
1R54-57
Croton water stock.. 1845-51
do
do
..1852-60
Croton Aqued’ct stock.1865
do
pipes and mains
do
reservoir bonds
Central Park bonds. .1853-57
do
do
..1853-65,
Dock bonds
1852,
do
...;
1870.
Floating debt stock
1860.
Market stock
1865-68
Soldiers’aid fund
1863.
Months
Payable.
Feb., May Aug.& Nov
do
do
do
do
do
do
do
do
May & November.
Feb., May Aug.& Nov
do
do
do
do
do
do
May & November.
Feb.,May, Aug.& Nov
May & November,
do
do
Bid. Ask,
1870-80
1875-79
1890
1883-90
1884-1911
1884-1900
1907-11
1874-98
1874-95
1871-76
1901
1878
1894-97
1873-75
1876
1889
1879-90
1901
1888
1879-82
1890
600,000 M.&N.
do
do
1863.
do
do
C^ney Island dk Brook.'n—1st mort
500,000 J. & J.
1817
do
Improvement stock.... 1869
do
Dry Dock, E. B. <i,Battery—stock
1,200,000
85
Q-F.
May,’74
do
no
I860.
do
do
‘2d mortgage cons’d
900,000 J.&D
90
Consolidated bonds
var.
do
do
ioo 1,000,000 J. & J.
hjighth Avenue—stock
Jan.'74
161
Street imp. stock'
do
var.
do
1st mortgage
1000
203,000 J. & J.
100
do
do
var.
do
do
lid St. dk Grand St Ferry—stock.. 100
750,000 M.&N.
May .’74
Jersey City:
1st mortgage
1000
1873
220,000 A.&O.
100
Water loan
6
1852-67.
January & Julv.
187786
'Irand Street dk Newtown—stock.
20
170,000
60
70
July’70
do
.....1869-71
7
do
do
1899-1902
lark Avenuer—stock
'o
254,000
7
Sewerage
bonds
1866-69.
do
do
1872-79
1st mortgage
1000
300,000 M.&N.
1878
7
Bergen Donds
1868-69.
do
do
1874-1900
ftinth Avenue—stock
1(H)
797,000
Assessment boudn... 1870-71.
7
Jan., May, July & Nov.
1875-91
1st mortgage
1000
167,000 J. & J.
Second Avenue—stock
50
800,000 Q.-F.
Feb.‘74
60
[Quotations
by
N.
T.
Beers,
Jr.,
Broker,
2)4
Wall
st.]
1000
1st‘mortgage
1877
350,000 J. & D.
Brooklyn-Local Improvem’t
2U mortgage
10 0
1876
200,000 F.&A.
City bonds
1875-80
January
&
July,
•100)4 1C1H
3d mortgage
1000
1885
150,000 A.&O.
do
do
do
1881-95
101
4
)
0
1
Cons. Convertible
1000
M.&N.
1888
315,0002
Park bonds
do
do
1915-24
Sixth Avenues-stock
102)4
4
)
0
1
1(0
M.&N.
750,000'3
Nov.*73
135
Water loan bonds
do *
do
1903
103
103 V
1st mortgage
10(0
1890
250,000 J. & J.
100
Bridge bonds
—
Third Avenue—stock
1st mortgage
Williamsburg dk Blatbush—stocg.
lit mortgage
*Ihi->
100
Q-F.
Feb.
1890
10001
M .& S.
1890
100
300,000
125,000
do
1/74
J. & J.
ooiuiTiu miows last diviuend 00
2,000,000
lOOOj 2,000,000
ioo*
45
(Locks, also date of maturity of bonds.
55
Water loan
City bonds
Kings Co. bonds
*
do
do
And interest.
no
do
do
do
do
May & November,
ao
do
1915
1902-1905
1881-95
1880-88
1975-80
102
94)4
94
108
98
.
100
City Securities.
Interest.
•
140 "
...
85
35
140
H)5
140
•
•
July, 74..ft
Aug., 74..6
July, 74.10 107
•
.....
.
.......
HO
75
80
65
165
90
Aug.,74.10
•••*
......
195
145
190
140
Aug.,74.10
.
75
TO
100
75
8b
105
120
250
65
150
100
70
97
65
97
#7
80
135
135
145
106
80
to
150
65
......
July, 74.10
.
80
90
105
160
65
no
180
90
185
150
70
100
July, 74.10
July. 74..5
July, 74.10
.
80
70
105
no
215
105
70
74..8
74..5
74..5 100
90
74. .5
74.10 175
74..5
80
74..5
July, ’74.10
Jmy, 74. .5
Julv, 74. 5
9k July ,74..5
July, 74 .5
10
10
10
12
.
20
18
5
.
[0
7
10
10
[0
July, 74..7
July,’74..+
July.’74.1c
July. 74.10
Jmy, 74..5
10
15
10
260,705
46,539
250,706
176,013
11,840
327,584
111,467
255,694
131,379
184,417
96,107
183,209
11,634
57,888
July,74.. .5
io" Sept.74,..5
10
10
20
10
10
15
July, 74..5
July, 74. .5
....
....
22,533
53,082 10
147,745 14
85,438
77,573
85,087
Aug., 74. .5
July, 74..5
July, 74..5
12k 12k July.74.7k
28
24
July, 74.25
8k
July, 74..5
15
17H 20" July,74.. !0
10
8k 10
July, 71. 5
10
July, 74. .5
112,555
137,544
33,329
238,983 io
9,930 5
62,187 12
57,210 10
4,520
f
.
10
11
20
10
16
10
24.653
^
14
10
5
....
....
^
15,645
188,248
257,122
80,691)
2(7,374
14
6
10
liabilities, including re-insurance, capital and profit scrip.
100
139
85
ioo
i85*
1882
Paid
80
285
97
1884
F. & A.
..
Safeguard
St.Nicholas
90k
1,161,000
550.000
(B’klyn)
240
226
98
100
May,'74
18^8
18^1
1834
1885
Phenix
Relief
220
15S
90
70
J.
O.
O.
J.
187( 1871 1872 137J Last
180x
July, 74
1872
150,000
Williamsburg City.
215
155
1880
Jan., 74
People’s
Standard
Star
Bid. Askd
5
200,000
200,000
500.000
350,000
200,000
Rutgers’
•
diviuend.
Q-F.
300.000
100
certificates...
Mutual, N. Y
Nassau, Brooklyn.
do
scrip....
2,000,000
1,200,000
National
37)4
N. Y. Equitable....
35
New York Fire
100
N. Y. & \onkers.. 100
Niagara
50
North River
25
Pacific
25
Park
100
Peter Cooper
20
Resolute
145
141
City R.R. Stocks and Bonds.
[Quotations by Charles Otis, 47 Exchange Place, and other brokers.]
Last
.
Republic
July 1. 74.. .4
Rate.
-
...
....
•
and
Par Amount. Periods.
1-
t
...
•
July 1,'74...4
May. 9.74.. 4
9
.
.
Julyl5,’74.3k
8
6k
,
73. .3
Tulv 1, 74 ..4
4
10
12
.
200.000
100
200,000
50
400.000
100
200,000
25
250.000
50
200,000
25
Bowery
3(0,000
Brewers’ & M’lst’rs IOO
200,000
25
Broadway
200,000
17
Brooklyn
153,000
Citizens’.
20
300,000
70
City
210,000
Clinton
:oo
250,000
Columbia
so
800,000
Commerce Fire..
100
200,000
Commercial
50
200,000
100 1,000,000
Continental.,,.,,
40
Eagle
300,000
100
Empire City
200,000
30
Exchange
200,000
50
Farragut
200, <X>0
Firemen’s
17
204,000
Firemen’s Fund....
10
150,000
Firemen’s Trust
10
150,000
Gebhard
100
200,000
German-American 100 1,000,000
Germania.
50
500,000
Globe
50
200,000
Greenwich
25
200,000
Guardian..
100
200,000
Hamilton
15
150,000
Hanover
50
400,000
Hoffman
50
200,000
Home
100 2,500,000
25
Hope
150,000
Howard
50
500,000
Importers’* Trad.. 50
200,000
50
Irving....
200,000
Jefferson.
30
200,010
Kings Co. (B’klyn) 20
150;000
Knickerbocker
40
280,000
50
Lafayette (B’klyn)
150,000
Lamar
100
200,000
Lenox
25
150,000
50
Long Island(Bkly.
200,000
Lorlllard
25
300,000
Manuf & Builders’. 100
2: 0.000
Manhattan
100
250,000
25
Mech.&Trad’rs’.
200,000
Mechanlcs’(Bklyn) 50
150,000
Mercantile
50
200,000
Merchants’
50
200,000
SO
Metropolitan
300,000
Montauk (B’klyn).
50
150,000
Nassau (B’klyn)...
50
200,000
.......
.
128
73...5
May,
7
4
.
July 1, 74...4
7
12
12
12
10
12
9
May 1, 74...4
May 1.74.,.. 5
May 1,74... .5
July 1.74...4
July 1,74...4
July 1,71. .4
July 6, 74...5
Apr. 1,74
4
May. 11.74.. 4
Apr 10 *74 4
<luly 1, 74.! .5
,
,
104
July 2, 74...5
July 1,74. 5
T
8
•
,
109
Jan. 10,73...4
July 1, 74...5
8
6
3
8
•
•
Feb.12,74.3k
10
9
99k
.
t
July 10,74...4
Aug.1U,74..5
12
10
10
8
10
5
.
140
July 1, 74...5
July 1,71...6
4
8
10
15
7
200
...
May, 1,74..10
May 1,74.. 10
July 1, ’74.. .5
July 1.74.. .4
.-‘ept.10,’74. .4
July 1,74...7
10
T
ii5
120
%
10
8
Q-F.
* *
T
id6
300
114
Feb. 1, >74..
May 1, 74
7
8
10
J. & J.
J. & J.
J. & J.
*
-
1,500
July 1. 74...3
14
8
12
7
10
8
6
99
July 1. 74.3k
8
7
98
130
25
^Etna
American
American Exch’e.
Arctic
Atlantic
JulylO,73.3 k
10
10
10
8
12
10
10
8
10
Adriatic
July 1, 74.. 4
May 1, 74.6%
Prick.
Dividends.
Jan. l,
1874.*
**!*■*
*
July 1, ’74.. .4
10
20
12
Amount
......
July 6, 74..U
•Tniy 1.74. 4
Allg. 1,74 ..5
July 1,74. ..4
8
8
73.
Oct
14
15
9
10
7
20
10
8
4
12
(
July 1, 74.! J
July 1,74...4
duly 1, 74...
Sept. 1,74. .lj
July 1,74...
10
12
7
8
7
Q
’74
July 1,74.. i5
>6
10
8
12
100
10
20
8
8
10
M.&N.
’100,000
’500.000
50
100
lOt)
10t)
100
50
100
100
100
100
100
KH)
100
50
25
50
100
25
20
100
100
:oo
100
100
100
100
100
100
100
40
50
100
Q-J.
J. & J.
M.&N.
F.& A.
M.&N.
M.&N.
000,000
May 1,74...4
24
20
10
8
12
36
10
20
8
7
10
16
6k
8
7
14
20
•
148
114
July 1,*74...J
Julvl
24*
J. & J.
J. & J.
O—J
’600,000
100
100
Importers’ & Traders’.
Manufctrers’& Build.*
Manhattan*
Mauul. & Merchants*.
Marine
Market
Mechanics
Mech. Bkg Asso’tion..
Mechanics & Traders..
Mercantile
Merchants
Merchants’ Ex
5
10
8
’
Q—J.
500000
Fourth
Fulton
German American*..
10
8
Net Stti
plus,
102)4
95H
95
103.V
96
tills
350
CfiRONlULE.
The new depot at
to the
roof, which is now being put on.
a
AND
CORPORATION FINANCES.
jy EXPLANATION OF STOCK AND BOND TABLES.
Price* of the most Active Stocks and Bonds are given in the “ Bank¬
AND
1•
ers’ Gazette,” previously.
found on preceding pages.
2. Government
the foot of South Water
It is
very substantial brick XyxiW&mg.—-Chicago Tribune.
Burlington & Missouri River.—1The trustees under the mort¬
gage advertise that sealed proposals addressed to John N. Deni¬
son, Treasurer, at his office in Boston, will be received until
October 6, for the sale to them of $100,000 of the 7 per cent land-
the 5th of October.
street is completed
I luustmcnts
STATE, CITY
[October 8,1874.
will be
each
bonds,
publishedandin
jBallroad three
and
Securi¬
andTheBonds
publi¬
of a
Full quotations of all other securities
Securities, with full information in regard to
esue, the periods of interest payment, size or denomination of
numerous other details, are given in the U. S. Debt statement
The Chronicle on the first of each month.
3. City Bond*, and Bank, Insurance, City
Ga* Stocks, with quotations, will usually be published the first
-weeks of each month, on the page immediately preceding this 4. Tlie Complete Tables of State Securities, City
ties, and Railroad and Miscellaneous Stocks
will be regularly published on the last Saturday in each month.
cation of these tables, occupying fourteen pages, requires the issue
l regular which
subscribers
of The Chronicle.
31ement,
is neatly
bonds of the company.
mortgage
N. Y. Tribune says that " seme time
Vice-President Huntington of the Central Pacific
was on a trip to California, he signed contracts for the tun¬
Central Pacific. —The
Rail¬
neling of the Sierra Nevada Mountains at a point near Truckee,
tunnel will be several miles long, will cost $2,000,000,
preclude the necessity which exists at present of making
ascent of more than 1,000 feet at a very difficult part of
When this shall be completed the suow-sheds, which
while
ago,
road
Cal. The
and will
a
steep
the road.
in the equipment of the road,
Several thousand tons of steel rails
of the road and will replace the iron
worn out.”
Columbus Chicago & Indiana Central.—The interest on the
first mortgage bonds of $15,000 000 was promptly paid on the 1st
inst., at the St. Nicholas National Bank in this city. It was stated
in the circular of Messrs. Hassler & Co. that there had been two
form so
now
important a feature
will be no longer necessary.
have been sent to tlie line
rails as fast as the latter are
stitched in with the usual edition and furnished
Georgia State Bonds.—The Augusta (Ga.) Chronicle says'Major George Hillyer, who, while State Senator, framed the con¬
stitutional amendment prohibiting the payment of the fraudulent
bonds issued by the Bullock administration, has admitted that an
of this road to the Pittsburgh Cincinnati and St. Louis
made in the wording of the inhibition, which will ren¬ Railroad guaranteed by the Pennsylvania road, and that the first
it almost useless. It is strange that in such an important
guaranteed the interest on the $5,000,000 second mortgage
the Legislature should have acted with so little prudence bonds, but the second lease did not, and further that the first
and caution. As it stands, a loop-hole is opened for the payment
ratified by the stockholders, but the second has not
five millions of the eight millions of fraudulent bonds which
The first was dated Jan. 22, 1869, the second, or modifica¬
the State has declined to recognize, and the work of th» session
dated Feb. 1, 1870, and reduced the guarantee to what
been thrown away.”
generully been accepted as the amount, viz.: the $15,000,000
first mortgage bonds, and $821,000 of second mortgage bonds.
New York State Finances.—The Albany Journal quotes from
president of the Pennsylvania Railroad has published a card
Dix’a message in January, 1874, in which he recurred to the
subject of the diversion of funds from the sinking funds, and said : saying that—
Pennsylvania Railroad Company and the Pittsburgh Cincinnati &
Legislature in past years has authorized the application of
Railway Company desire to state to> all parties in interest that
these
to the expenses of the governnmnt; and on the 30tli
the said companies ever authorized this or any other statement, or
September, 1872, the greater part of the $11,000,000 then
placing thereof upon any of said bouds or on any other bonds of the said
Chicago and Indiana Central Railway Company, and they were
belonging to the general, contingent, canal, and bounty fund,
the existence of any such statement until after the failure of the
had
used
The
sinking funds,
been
for other purposes.
Comp¬
Chicago and Indiana Railway Company to pay interest on its
troller has taken measures to redress this violation of the faith of
bonds, Aug. 1, 1874. These second mortgage bonds are not
the terms of the existing lease of the Columbus Chicago and Indi¬
State, by investing the funds in permanent securities. On
Central Railway to the Pittsburgh Cincinnati and St. Louis Railway Com¬
30th of September, 1872, the whole amount so invested was
and neither that company as lessee, nor the Pennsylvania Railroad
only $871,244 09. The amount on the 30th of September, 1873,
its guarantor for the fulfilment of the conditions of the leases is
responsible for these bonds or the interest, thereon, unless there
$2,328,903 65, and a further addition of about $900,000 has
surplus
of net earnings or rental applicable' thereto under the
been made. The residue of the moneys belonging to these
the lease under which this line is now operated.”
funds will be invested in like manner, as rapidly as the receipts
partial response to this, the authority by which the
the Treasury, applicable to the purpose, are realized.”
placed on the bonds, admitted by all parties to
The Journal then remarks : “ And now the people of this State endorsement
be glad to learn what we are able to announce from the
guaranteed by the lease (but not on the $5,000,000 2d mort¬
records, that, in accordance with this policy thus" early declared gages), is published, and consists of the following letter, dated
by Gov. Dix and faithfully carried out by him and by Comp¬ nearly one year after the second lease:
W. It. Fosdick and James A. Roosevelt, Trustees, and A. Parkhurst,
troller Hopkins, there is at present in the Sinking Fund, set
Trustee:
apart for the redemption of the State debt, the sum of $15,000,000.
Gentlemen—Under the contract and lease of the Columbus Chicago &
Gov. Dix entered the Executive chair there was less than
Central Railway, dated January 22, 1869, as amended by the contract
1870, the Pittsburgh Cincinnati & 8t. Louis Railway Company
$1,000,000 in the funds, and now there are $15,000,000! When
which lease the Pennsylvania Railroad Company has guaranteed,
last Democratic administration closed there was a deficiency
the
of said lease pay the interest as it matures on the $15,000,000
$6,500,000, and now, after two years of Republican
consolidated bonds of the Columbus Chicago & Indiana
administration, this deficiency is made good, and $15,000,000 are
Company, or on the bonds which they represent, and on
the 2d mortgage bonds of the Columbus & Indianapolis Cen'ral
placed in the Sinking Fuuds, being the full amount required by $821,000 of
Company, which bonds arc secured by deeds of trust made respective¬
to the present time.”
ly
therefore, authorized to inform the holders of said bonds, and to
New York City Stocks.—Comptroller Green, on the 30tii ult.,
give such further public notice as you may think proper, that the interest on
,821,000 of bonds will be regularly paid by the Pittsburgh Cincin¬
opened proposals for New York city stocks to the amount of
**
leases
error was
der
lease
matter
has
lease was
been.
tion was
has
Gov.
of
The
of
"
”
The
The
St. Louis
neither of
moneys
of
the
Columbus
not aware
of
Columbusj
second mortgage
included in
the
the
ana
pany,
Company as
in any way
should be a
was
since
terms
of
As
into
a
was
be
will
To Messrs.
Esq.,
When
Indiana
of February 1,
as lessee,
will by
terms
of the 1st mortgage
the
of over
Central Railway
Kailway
to you.
law up
You are,
$15
Louis Railway Company,
according to the tenor of Yours
said
the said
$2,384,000, as follows:
City Improvement Stock, authorized by chapter 020, Laws of
issued as Consolidated Stock of the City of New York, in pursu¬
ance of chapter 322, Laws of 1871—payable November 1, 1896
Consolidated Stock of the City of New York, authorized by section
2 of chapter 756, Laws of 1873; section 4, chapter 444, Laws of 1872,
and chapter 322, Laws of 1871—payable November 1, 1896
Thirty-three bids were recoived, of which the
1869,
$820,000
$1,564,000
principal were as
the two issues ($2,384,000) at
nati & St.
Philadelphia, Pa., Dec.
or the Pennsylvania Railroad Company,
amended
contract and lease.
very respectfully.
1, 1870.
President.
President.
.J. Edgar Thomson.
Thos. L. Jewett,
large holder of the
default was made in the pay¬
and it is reported that the Com¬
follows:
pany
has
made
a
formal
demand
on the C. C. & I. C. for the pay¬
Morton, Bliss & Co. would take the whole of
ment of past due coupons, from which it is supposed that the
104*27#, interest 6 per cent gold.
Winslow, Lanier & Co. proposed to take the entire loan at 104*27#, 7 per
Pennsylvania road may proceed to obtain a foreclosure and get
currency.
the ownership of the road subject to the guaranteed bonds of
United States Trust Company, $500,000 at 103*17.
$15,821,000.
National Bank of the Commonwealth, $1,000,000 at 103*17; $500,000 at
103*27.
Delaware Bay and Bombay Hook Railroad.—The Wil¬
Dry Dock Savings Bank, £300,000, at rates ranging from 102*50 to 103*25.
mington
Commercial states that this railroad, which had been
George K. Sistare bid for the $820,000 loan at rates ranging from 102*91,# to
seized by tbe Sheriff of Kent county, Delaware, for debt, was
103*51#.
sold
Thursday, September 24th. The American Dredging
George K. Sistare, Jr., proposed to take $1,000,000 at rates ranging from
108-41 to 103*75.
Company
were the purchasers for $54,300, who purchased the
N. W. Gilley & Co., $125,000 at 101.
road to secure themselves against loss. The road was built by
Savings Bank, $1,000,000 at rates ranging from 101*01 to 102*01.
Atchison Topeka & Santa Fe.—The land department of this Jay Gould, who intended it, he said, in connection with Jersey
roads and proposed new liues, for the great freight route between
railroad has just made a sale of land along their road to a large
New York and Baltimore.
party of Russians (Menmnites) who have recently come from
Europe. There are now about 1,900 Mennonites who are going
Detroit & Milwaukee.—In the foreclosure suit under the
their lands immediately. The lands are situated iu Marion, $2,500,000 mortgage, a bill has been filed by holders of bonds
Harvey, McPherson and Reno counties, in the Arkansas valley. under other mortgages, asking that they maybe allowed to come
The tract taken aggregates 150,000 acres.
in
parties in the suit, and that no receiver may be appointed
Baltimore & Ohio.—The Chicago extension of the Baltimore until all parties can be heard. It was alleged that there is collu¬
sion between tlie trustees under this mortgage and the company,
& Ohio Railroad will be finished in a few days, and will be
formally opened by the 1st of November, provided tlie trouble and that tbe foreclosure suit was intended to transfer the title to
with the Michigan Central Railroad is settled by that time. The tlie property to certain parties to tbe damage of other bond¬
latter road is objecting to the Baltimore & Ohio crossing its track holders.
A petition was presented by the solicitors for the Detroit & Mil¬
at Lake Station, and has made application for an injunction. Tlie
Railroad Company, utterly denying all tbe charges ot col¬
waukee
Michigan Central wants to compel the Baltimore & Ohio to cro^s
its line through a tunnel or over a viaduct, which would entail lusion. It denies that it intends to take any course, or to conseht
to any course, in tbe pending suit which will tend to the prejudice
expense upon the new line of about $100,000.
The new road is entirely complete, except the filling ftp of three
injury of its conditions, either secured or unsecured,
gaps of 12, 6, and 4 miles each, all of which will be finished by
Pennsylvania
The
cent
on
German
on
as
an
Railroad is itself a
second mortgage bonds on which
ment of interest, Aug. 1, 1874,
or
October
S, 1874.]
THE CHRONICLE/
351
.-^1.
The
case was
continued for
.
give the
thirty days by mutual agreement,
new Board of Directors of the Great Western Railway
a chance to take some action in the meantime to relieve the
Detroit & Milwaukee from its present embarrassment.
A meeting of that Board, to specially consider the subject, has
been called for October 13.
to
East Tennessee Yirginia & Georgia.—At the annual meet¬
ing in Knoxville, Tenn., the stockholders voted to ratify the contract made with the North Carolina Railroad Company, by wl ich
that company agreed to repay all money spent by the East Ten¬
nessee Company on account of
the Western North Carolina
Railroad, and also to complete the road to the State line at Paint
Rock, the Tennessee company agreeing, on its part, to extend the
Cincinnati Cumberland Gap & Charleston road from its present
terminus at Wolf Creek to Paint Rock.
The gross earnings for the year were $1,111,184, operating
expenses $697,408, and net earnings $413,775. A full report will
be
given as soon as the offic5al copies are published.
Gold and Stock Telegraph Company.—The regular annual
meeting of the Gold & Stock Telegraph Company was held lately
.
to elect directors for the
ensuing
The following ticket was
Lefferts, William Orton, H. B.
Cornell, George B. Prescott, James H. Banker, George H. Mumelected
:
year.
For directors—Marshall
ford, Norving Green, Tracey R. Edson, Henry Pierson.
The following is a statement of the earnings
and expenses of
the Gold & Stock
Telegraph Company for fiscal
September 18, 1874:
year
ending
Gold & Stock instruments
Private line
do.
Do.
do.
in country
Commercial News Department—city
Do.
do.
in country
$140,000
Gross
$581,000
119,000
68,000
32,(00
50,000
275,000
16,000
Sundry earnings
earnings
Operating
Net
expenses
earnings
Now
$709,725.
Grand Rapids.—A mortgage has been recorded in Manistee
County, Mich., given by the Grand Rapids & Indiana Railroad
Company to Thomas D. Messier, George B. Roberts, John Edgar
Thomson, and George W. Cass on 1,160,000 acres of land, to
secure the payment of $8,000,000.
Grand Trank (Canada).—The changing of the gauge from
narrow commenced on the Grand Trunk
Railway east of
Montreal, on September 25. Six hundred men arrived from the
western division to assist in the work.
Narrow-gauge trains now
guarantee.
NteW Jersey
Midland.—Earnings for August are reported at
$55,000, while the current expenses were $31,000. The business
is steadily increasing, and interest has been promptly paid
ion
the funded certificates.
New Yo*k Midland.—The committee appointed at the recent
meeting of the bondholders of the New York and Oswego Mid¬
land Railroad have selected the
trustees to carry
John E.
the entire line from Portland to Sarnia.
Lake Ontario Shore.—This road
'Oswego, Sept. 22,
was
sold at public auction in
decree of foreclosure in
on a judgment and
Phelps and John G. Kellogg, trustees. The
mortgage embraces “ the entire railroad constructed and to be
constructed, both real and personal property, and the rights,
privileges, francliizes, and equities from Oswego to the Niagara
River, together with all the locomotives, cars, carriages, tools,
machinery and equipments.” Only one bid was made, and that
was
for Samuel Sloan.
His offer was $1,950,000 gold and
$1,360 67 in currency, at which price the road was knocked down
to him.
It is calculated that this will pay the bondholders about
85 cents on the dollar, and it wipes out the stock. The purchase
was made in the interest of the Rome Watertown &
Ogdensburg
Railroad, and when completed will give that company an east and
West line of road of 350 miles, which, with their line to Rome
and branches owned by them, will make nearly 500 miles of
track. A new organization was subsequently effected under the
name of the “ Lake Ontario Railroad
Company,” which takes the
place of the “ Lake Ontario Shore Company.” The following
named gentlemen constitute the first Board of Directors: Moses
Taylor, Samuel Sloan, Marcellas Massey, John T. Denny, C. Zahriskie, John S. Barnes, E. F. Hatfield, and John Bresben of New
York, and Theodore Irwin, George B. Sloan, Charles Rhodes, and
James K. Ford of Oswego, and T. H. Camp of Watertown, N. Y
'At the election the following gentlemen were chosen executive
officers: Marcellus Massey, President, and J. A.
Sawyer, Sec¬
retary and Treasurer.
JUtaisvUle Cincinnati & Lexington.—Chancellor Bruce
appointed Mr. J. B. Wilder receiver of the Louisville Cincinnati
& Lexington Short Line Railroad. Mr. Wilder has been
presi¬
dent of the road for the past year, but he
having failed lo make
affidavit that he was not a creditor of the company, Chancellor
Bruce subsequently appointed Mr. Samuel Gill as receiver of the
favor of Willis
road.
Macon & Brunswick Railroad.—Atlanta, Ga., Sept. 30.—
The Governor to-day ordered the sale of the Macon & Brunswick
Railroad, to take place on the first Tuesday in December at the
depot in Macon, Ga.,at public auction, to the highest bidder.
by which he agrees to pay ^ per cent
bonds.
Pacific Mail Steamship Company.—The Auditing Committee
of the Pacific Mail Steamship Company made the following
report:
To Russell Sage, Esq., President, and the Directors <tf the Company:
Gentlemen—After a thorough examination of the books of this company,
we find the result as per statement annexed of cash, assets and liabilities now
presented to you:
September 17, 1874.
^Lss^ts
Cash in bank
$256,146 #1
Loaned on call
100,000 00
At J. S. Morgan & Co.’s, London, £12,892 11$. 6d
70,909 00
Insurance on City of Guatemala, which we have been notified
will be paid to our Loudon hankers when French Consul’s cer¬
tificate is received, now on the way, 1,000,000 fr...
220,000 00
Subsidy due Oct. 1 from U. S. Government
125,000 00
6,000 shares Pacific Mail, at 48
arrangement to sell out the toad in order to effect
a
288,000 00
Total nspets
$1,060,054 61
Liabilities.
Due John Roach & Son
on City of Tokio on applica¬
tion of steam, say Sept. 25—Oct. 1
$150,000 00
Due after successful trial trip showing 14X knots per ,
hour
150,OHO 00
Loan from Panama RR. Co., due Aug. 29, 1875
500;d00 00
Bills payable Sept., 1874
.$17,335 03
Oct.,
“
Nov.,
Dec.,
Jan.,
Feb.,
“
60,632
53,899
59,518
12,439
....
“
1875
“
Dne in London Feh 15, 1875,
British st amer Mikado
34
06
52
76
16,497 66-220,313 87
on
charter of
£7,374 33
36,871 56—1.057,184 93
Surplus of assets
$2,869 68
Which could be realized by October 1, 1874, over total liabilities of every
kind.
Additional Assets.
Due the company by Central American States up to June 1, 1874,
for mail service
Due from Mexican government for mail service up to
1874
Due from United States government, Alabama claims
$70,000 00
October 1,
65,000 00
20,6U0 00
Due from Union Pacific R. R. Co., in dispute
(25 per cent, of this sum is due to the Panama Railroad
when collected.)
Due from insurance companies on steamship Guate¬
$156,600 00
$225,000
mala, in litigation
on Central American coast in 1872.)
40,000
(Lost
Contingent Liability.
The city claims from the company
for taxes now in
litigation
43,000
The steamship City of Peking is entirely paid for, and no other amount is
due on the City of Tokio, except the $300,000 stated in tne list of liabilities.
$75,000 cash has been paid to John Roach and 'on on three new iron pro¬
pellers now being built, of about 3.700 tons each, to cost $600,000 apiece, to be
finished in one year, and to be paid for in twenty-four monthly payments of
$75,000 each.
The committee further explicitly state that there is no other obligation in
the shape of loans, or any other indebtedness, except what arises in the regu¬
lar course of the business of the Pacific Mail Steamship Company,
as shown
by their books.
The amount of freight uncollected on cargoes now afloat is, we believe,
more than sufficient to pay all unaudited accounts and debts of all
agencies
,
.
.
of the company.
Fredk. L. Talcott, )
By order of the Board.
F. Alexandre,
Wm. H. Guion,
)
Auditing Coriunittee.
Paris & Decatur.—An agreement of consolidation has been
made between this company and. the Peoria Atlanta & Decatur.
The name of the consolidated company will be the Illinois Mid¬
land.
The Peoria Atlanta & Decatur is now under construction
from Decatur to Peoria, about 70 miles.
Peoria & Rock Island.—A meeting of the first mortgage
was held
bondholders of the Peoria & Rock Island Railroad
lately, and the resolution given below was adopted, the committee
appointed under it being as follows : O. C. Hussey, of Pittsburgh;
H. W. Howard, of Batavia, N. Y.; Remington Vernam, of New
York ; G. S. Adams, of Greenpoint, L. I., and Wm. O.
McDowell,
Resolved, That
a committee of five be appointed to proceed to Illinois st
and examine into the material condition of the road and the financial
condition of the company, and into all matters of iuierest to the
once
bondholders,
Maryland and Pennsylvania Railroad.—The sale of this
(erroneously noticed in the Chronicle of Sept. 19, as the
Ma^laiid and Delaware) aavertised to come off this week at
^!fowlon't<>wn, did Dot tate place j There appears to have been
and to report at an adjourned meeting, and are directed to send to each bondhol ler a copy of the proceedings of this
meeting, and to call upon them f«r a
contribution of $5 per bond to defray the necessary expenses of
protecting
their interests.
Petersburg.—The Sun of Baltimore
consoli¬
says :
“ The holders of the
first mortgage bonds of the
Petersburg Railroad
is in default for its July
interest.) at a meeting
Company, (which
dation, but it is understood the matter has now been arranged
held in this city
without resorting to a sale.
on
Tuesday, appointed Messrs. Frank P. Clark and Wm.H. BlackMontclair.—Chancellor Runyon has refused to grant an
ford a committee to visit Petersburg and confer with the authoriinjunction against the Montclair Railway on the application of i ties of the road—they
being of the opinion that unless a s&tisfacJulius H. Pratt.
I tory adjustment is
proposed by the company, they should take
t
:
mise with the bondholders
interest on their 7 per cent
of New York.
road
some
following gentlemen as the five
out the plan of reorganization as agreed upon
Williams, President Metropolitan Bank; H. M. Alexan¬
der, of Alexander & Green; H. Bleunerhassett, of Alleu, Stephens
& Co. ; L. J. Stiasting, of Banendahl & Co.; and Theodore Hinston, the Secretary of the Company.
Oregon & California.—Frankfort papers say that Ben. Holladay, the President of the Company, has agreed upon a compro¬
broad to
run on
Raven Middletown & lYillimantic.—The Supreme
Court of Connecticut has ordered the town of Chatham to indorse
the $40,000 of air-line railroad bonds which the town voted to
$162,000
During last, four years, out of net earnings, the company has
expended on lines and instruments the following amounts : 1871,
$58,420 ; 1873, $293,1G0 ; 1873, $21G,175 ; 1874, $142,970. Total,
>
6
8
1
9
6
8
1
7
1 81
352
THE
CHRONICLE.
[October 3,1874,
“The demoralized condition of the carrying trade may be
steps looking to a foreclosure of the mortgage. The committee
is to report the result of their conference to a future meeting of judged from the following statement .of the average freights on
bondholders.”
wheat and corn from Chicago to Buffalo, and the average rate on
the same cereals by canal from Buffalo to New York, for the
Philadelphia & Beading.—A mortgage has lately been re¬
corded in the Recorder’s office, in Reading, Penn., given by the month of August in the ten years named:
Philadelphia & Reading Coal and Iron Co. to the Philadelphia &
Beading RR. Co. for the sum of $30,000,000. It comprises 257 pages
of printed matter, and occupies in the Mortgage Book 158 pages.
Terre Haute & Peoria Railroad.—The Paris & Terre Haute,
the Paris & Decatur, and the Peoria Atlanta & Decatur Railroads
have been consolidated into one road, under the presidency of R.
G. Hervey, and making a line of 180 miles between Terre Haute
and Peoria, the last rail upon which will be laid shortly.
Yirginia Talley Railroad.—The
tion ot
one
Baltimore city subscrip¬
million of dollars to the
Valley Railroad, is
now
capital stock of the Virginia
The last $50,000 was paid on
all paid.
the first of October.
Wilmington & Reading Extension (Berks Co.) is in the
hands of the Sheriff, who has claims against it to the amount of
about $100,000. The general indebtedness of the Company is
stated at $275,000. An effort is being made by a portion of the
creditors to avert the sale, which is advertised to take place this
month.
Lake
Wheat.
Corn.
Cents.
Cents.
71
6-6
10-3
8 4
5 5
4*1
7 8
6 6
5 0
4*8
5 0
4 7
6-2
5*7
9’6
88
6*5
5*6
3 1
2 1
•
Year.
1866
1868
...
...
1873
,
,
Canal
■,
Wheat.
Corn.
Cents.
Cents.
14 5
12*5
15 7
137
14 *1
14 0
94
11*8
120
10 6
9 0
"
13*3
11*7
116
12 0
92
10 8
110
9'6
8*0
“From this exhibit it will be seen that the average rate last
month was lower by both lake and canal than the average of
either of the nine preceding years. By lake the average freight
.
for
August, 1874, was not half as much as that for August, 1873,
and it was less than a third of the rate for the preceding August.
“
The low freights this season are principally due to the gen¬
eral depression in all departments of trade.
At the opening of
navigation vast quantities of grain were awaiting shipment at the
West, and a large amount has come from the interior since ; but,
there being scarcely any other property to carry, every sort of
du Chien division of the Milwaukee & St. Paul Railroad in the craft went for grain freights, ana the supply of tonnage was
largely in excess of the demand. Thus the rate went down to
order requiring compliance with the Potter law.
Wisconsin Railroad Law.—The Wisconsin Supreme Court,
Sept. 29, granted a motion to include the Milwaukee & Prairie
the bottom
It would nor, have remained there long, how¬
funding of the coupons of the Chesapeake & Ohio Rail¬ ever, had it figure.
not been for the existence of so many mammoth car¬
road, we understand, is going forward very rapidly. Nearly all riers. These vessels can do business
profitably at lower figures
the foreign bondholders have accepted the terms proposed by the
than their less capacious rivals, and they continued at work for
company, an l up to the present time holders of bonds up to the rates
which, four or five years ago, would have forced the entire
amount of $11,000,000 have agreed to come into the settlement.
lake fleet to tie-up.
This is already a remarkably large proportion to come into a rail¬
It is evident from this fact that freights would not have
road settlement, but the managers of the Chesapeake & Ohio de
averaged
as high this season as formerly, even if business had
aire to have so large a number of the bondholders that the
been in its normal condition.
How rapidly the large-class vessels
arrangement will be almost unanimous.
are increasing, is shown
by the capacity of the fleet that has
Lake and Canal Freights, Chicago to New York.—The passed Detroit this week. The fleet numbered eighty-eight ves¬
Buffalo Commercial Advertiser says: “ There have been periods sels, having cargoes aggregating 1,414,000 bushels of wheat, 862,in which freight rates have ruled very low in consequence of 000 bushels of corn, 21,000 bushels of oats and 12.000 barrels of
Thirteen of the vessels carried upward of 30,000 each ; ten
short crops or commercial panics, but never before in ttie history flour.
of our lake marine have ireiglits by water averaged so low as carried 40,000 bashels each and upward; five carried 50,000 or
more each, and one carried 68,000 bushels.”
they have the present season.
—The
"
MONTHLY EARNINGS OF PRINCIPAL
1873.
1873.
1874.
(604 in.)
(604 m.)
$374,719
(314% in.)
$319,648
$403,039
344,257
402,317
360,754
420,250
434,845
428,523
423.514
423,396
447,252
554,205
469,251
391,269
421,309
1354,911
424.104
472,833
432,217
430,018
418.516
413,302
408,519
374,769
333,904
451,529
502,087
468,671
1873.
(753 m.)
(332 m.)
(415 in.)
$341,995
323,055
386,286
398,303
$61,136
$108,303
80,846
85,561
77,387
81.213
88,016
84,692
423,685
404,560
82,682
86,849
..May...
96,696
91,205
.Jane..
395,893
459,853
88,637
87,435
108,100
116,230
..July...
..Aug....
.Sept....
•
•
•
1874.
Chic. & N.western. Clev. Col.Cin. A I.
(1,459 in.)
$752,468
765,249
967,258
1,034,023
(
in.)
$993,490
(391 m.)
$356,382
405,504
(391 m.)
(715 m.)
(715 *».)
441,386
405,905
428,920
403,721
386,268
457,964
459,256
416,354
320,265
1,074,726
1,272,293
1,292,143
1,240,987
1,284,094
1.511,781
1,451,827
l' 039306
318.976
1.628,742
312,248
1,541,958
1,754,821
1,731,592
1,784,893
1,774,570
1,918,247
330,754
327.384
403,175
$13,545,167
1,072,750
64,230
51,958
771,800
843,200
$13,938,969
$696,726
$9,046,124
Marietta & Cin.
65,608
1874.
$100,328
$152,122
597,429
660,759
538,668
567.554
90 441
129,304
580,921
151,185
150,036
May..
553,912
635,459
112,569
(124,045
647.892
i
..June.
742.600
..July..
684,840
..Aug..
Sept..
Oct...
Nov..
769,748
884,485
797,122
636'039
678,728
624,191
708,808
Dec..
703^692
(122,614
392,510
265’218
20L493
$8,268,326
$1,591,878
$3,498,160
119,910
133.758
! 136,178
§121,276
£ 156,973
-
130,164
124,395
144,173
S168 453
152.632
112.974
Mo-, Kan. & Texas.
(284 m.)
(78S in.)
(812 m.)
(642 m.)
(786 m.)
(517/m.)
$1,445,220 $1,519,249
1,600,9=13
1,305,132
$169,843
$171,028
$475,898
$647,476
..Jan...
$200,639
$266,333
$312,848
$293,927
161,132
178,009
187,439
193,148
144,215
542,008
543,016
161,031
690,017 '
615,930
683,802
..Feb..,
..Mar...
224,393
256,719
258,871
280,371
262,801
2‘)5,628
260,127
213,348
174,968
214.000
134,954
338,708
..June.
250,935
249,343
(301,318
149,094
146,667
120,407
119,047
307,520
290,470
..July..
224,600
237,420
245,600
227,276
184,037
169,969
116,639
1,604,448
1,466,957
176,205
172,498
1,566,015
1,791,376
1,785,186
1,483,735
207,529
184,191
151,793
1,572,693
150,302
$19,414,509
$2,126,876
St.L.A. AT.H.
1873.
1874.
(337 m.)
(337 m.)
$151,502 $138,339
121.134
169,456
175,719
162,083
170,554
165,321
151,531
181.823
178,302
167,828
•
(583% in.)
$115,834 $156,700
$189,553
«
...
Year
149.035
212.809
103,388
93.997
119,157
88,558
..Feb..
..Mar.
..April
..May.
119,020
99.524
96,939
..Jane
92,821
110,924
..July.
..Aug.
,Sept..
195,846
(255,277 '251,509
| 216,223 238.610
217,162
200,178
199,752
251,398
268,539
277,981
$
238,955
113,163
123,714
122,568
98,715
233,270
96,342
$2,753,261
(358 mj99,447
107,97t
237,614
„
$3,606,168
..?an..
226,059
143.267
$2,801,077
1873.
..
.
$
'
.*•••••
•
..
(248 m.)
$79,750
8=1,169
.
102.491
84,260
107,135
..
..
..
111,683
105.268
186,931
127,782
.Oct..
Nov..
Mice
118,083
82,596
85,625
Year
..$1,224,803
*
•
•
.
.
J >265,375
239,308
297,618
299,805
269,975
294,838
282,667
324,360
325,841
$3,444,321
Tol., Peo. & W.
.
371,344
215,426
218,423
.
261,275
$111,900
169,475
.
380,338
$83,126
101,825
114,423
160.901
.
274,297
306,561
(285,603
(358 m.)
224,449
.
838,725
238,635
(507% in.)
207,627
•
$283,605
291,630
*7309,028
1874.
1873.
141,537
130,241
141,589
146,835
163,416
'.198,562 .235,250
S 222,7515 274.230
2 196.40.",«?
179,885*
•
•
St. L* & S. East
1874.
143’675
152,054
.
148,691
289,000
£370,710
Oct
Nov...
Dec...
$191,486
178,150
201,213
(170.607
.
Sept...
St. Louis, K• C. A N1873.
*•336,823
S399,939
..Aug..
$7,521,774
1874.
(812 m.l (312 m.)
|
»
.
1873.
138,601
..May..
607,220
644,022
St. L. 1. Mt-A So.
131,924
•••
685,179
581,782
519,872
603,8=15
.
1874.
(284 m.)
679,333
608,955
581,168
576,789
763,481
677,043
.
(393 m.)
(1,181 m.)
1874.
(517 m.)
191.787
316,339
298,247
(393 m.)
1873.
1873.
178,429
245,774
292,143
316,647
1873.
1874.
..April.
1874.
$170,349
Ohio & Miss.
Mobile & Ohio:
1873.
1,663,040
•
(672 m.)
Michigan Cent.
675,811
•
(672 m.)
$150,555
194,786
300,719
352,2*48
332,763
312,614
323,231
328,188
343,785
1874.
1,709,880
.
(297 m.)
1873.
1,774,128
•
(212 m.)
1874.
1873.
(1,136 m.)
•
Kans. Pa 3’C-->
I nd. BM sWest’n.
1874.
749,200
704,300
•
(1107 m.) (1109 m.)
$602,241 $611,491
..April
1,560,023
1,625,129
64,416
'
964,800
886,900
1878.
..March.
1,578,915
1,443.283
46,693
1874.
..Feb...
1,413,223
(1,310 m.) (1,399 m.)
$654,400
$334,715
657,500
423,716
1873.
$4,796,985
Lake Shore & M. S.
.
1,296,813
..Jan...
1,882,421
315^057
lj019,502
1,012,704
,
Illinois Cent* I.
$1,326,505 $1,462,650
1,323,901 1,273,775
306.778
79,093
867,666
1,132,000
1,360.000
1,=380,000
1,258,000
1.301,000
1873.
1874.
1,039,986
742,051
72,273
(574,258
£805,802
«929,211
834,341
767,871
1,193,209
794.000
939,778
<
1873.
1,256,072
'
Eri e
1874.
276,099
45,628
—
1873.
$366,943
39,132
60,481
59,501
..
1874.
903,021
576,260
..Oct..
..Nov—
..Dec
1873.
1874.
555.287
685.641
1,129,469
1 373,675
1,301,203
1,214,551
1,251,622
1,407,224
1,375,470
..Year..
A St. P.
1873.
50,098
.
$4,948,672
Chic., Mil.
1874.
(132 m.)
$53,516
..April..
118,946
1873.
(132 m.)
$47,515
49,107
49,773
..
105.430
Chic., Danv. & Yin.
1874.
(1,222 m.) (1,219 m.)
•'$895,642
$848,558
..Jan—
..Feb..
..Mar....
144,901
129,999
•
397,485
397,729
$5,184,288
1873.
1874.
•
RAILROADS.
-Central Pacific—*
Atlantic & Pacific. Bur., C. R. & Minn.
Atlantic & G. W.
266,533
....
Tol.Wab. AW-
Union Pacific.
1874.
(248 m.)
1873.
(627 m.)
1874.
1874.
1873.
627 m.)(1038 m.) (1038m.)
$96,794
82,354
98,022
94,569
$403,487
$423,343 $523.975$620,71O
352,561
491,784 607,990
404,699
708 257 687,026
881,266 834.955
* 447,855
420,719 1,007,831 910,065
93.346
84.358
78,837
90,718
.
•
.
.
•
437,835
423,517
459,506
537,819
488,911
647,080
593,810
528.844
-
•
427,097
•
369,605
421,296
388.535
440,687
478.475
969.864 902.801
876,838 850,140
837.278
1,068,937
1,170,586
970,660
758,832
10,266,104
....
•
October 8, 1874 J
THE CHRONICLE
Imports of Leading Articles.
&J) c Commercial C i m e s.
T*he following table, compiled from Custom House returns*
shows the foreign imports of leading articles at this port since
Jan. 1,1874, and for the same period of 1873 :
mj(^>iercIaF epitomeT™
[The quantity is given in packages when not otherwise specified.]
Friday Night, Oct. 2, 1874.
The state of trade has improved the
past week. Continued
ease in the money market seems at
length, in conjunction with
other favoring circumstances, to have excited
speculation, pro¬
moted a return of confidence in the stability of
prices, and in a
satisfactory course of the markets for the early future. The
effect is seen in the course of the markets for a
great variety of
articles of merchandise, and in the
generally expressed belief
that the panic of last year cannot much
longer excite any marked
influence upon business.
The following is a statement of the stocks of
leading articles of
domestic and foreign merchandise, at dates
given
:
•1874.
Beef
Pork
tcs. and bbls.
bbls.
Tobacco, foreign..
bales.
hhds.
Tobacco, domestic
Coffee, Rio
...bags.
bags.
Coffee, other
Coffee, Java, &c...
mats.
Cocoa
bags.
Sugar
Sugar
Sept. 1.
33,736
18,407
34,329
63,011
54,055
22,704
4,942
Molasses
Molasses
Hides
Cotton
Rosin.
Spirits turpentine.
Rice, E. I
Rice, domestic....
Gunny cloth (Cal.)
Gunny bags
Linseed
J ute
Jute butts
Manilla hemp
20,516
4,091
35.178
35,221
5,360
18,300
16.363
89,007
6,500
81,836
89,765
51,019
326,647
82,729
548
3,319
2,882
3,561
150
238,500
43,150
58,007
450
160,400
26,085
59,156
4,086
8,641
2,569
17,50o
1,820
25,720
19,800
450
300
200
bales.
bales.
10.550
11,500
20,100
4,000
5,250
12,000
23,800
21,900
77,801
3,900
15,250
11,600
24,300
22,600
81,657
1,289
6.600
bales.
nales.
bales.
bbls.
Ashes
47,288
23,687
bags.
pkgs.
bags.
bags.
Saltpetre
18,058
14,468
41,635
hhds. 118,871
boxes. 78,716
....bags, etc. 78,768
hhds.
565
hhds.
5,257
bbls.
2,000
No. 197,700
bales. 56,043
bbls. 58,824
bbls.
8,684
bbls.
1,715
Su^ar
Melado
1873
Oct. 1
Oct. 1.
3,613
18,768
3.827
1,278
16,384
8,000
32,000
89,000
28,800
937
Provisions have continued to show a downward
tendency in
prices, under the influence of an increased production and a sub¬
sidence of speculation.
Pork declined to $22 35@22 40 for new
mess,
but recovered yesterday to $22 65 for October.
The
very
marked reduction in stocks effected during
Sept, will be noticed.
Lard declined to 14£@14£c. on the
spot for prime western, 14c. for
Since
dressed
hogs
are
off
fully
one
cent a pound.
Some large con
beef, winter delivery have been made at private
prices. Butter and cheese have had an upward tendency. To¬
day, the market was quiet for hog products, with a partial de¬
cline in price*. Cheese was quoted at 15@15£c. for prime
factories.
Freights have declined. There is a large accumulation of
rosin at the port, and the firmness with which breadstuffs,
pe¬
troleum and other bulky articles are held, prevents them being
freely exported. A speculator in ** charter parties” is reported
to have failed to meet his engagements.
There is, however, a
fair prospect for an early revival.
Yesterday, the engagements
embraced—grain to Liverpool by steam at 5£@5£d.; and cheese and
bacon at 20s. per ton ; refined petroleum to Cork for orders, at 3s.
10^d.; and from Philadelphia to Bremen, at 3s. 6d. Late grain
and grain charters include vessels to Cork for orders at 4s. Gd^
4s. 9d. To-day, rates were steady, but business quite moderate.
Coffee is firmer.
A movement in Rio reduced the stock yester¬
day morning to 4,691 bags ; a more liberal business in mild coffees
has reduced stocks to 35,221 bags and 18,300 mats. Rio, fair to
new
prime cargoes, 17@20fc., Java, 22@27c., and Maracaibo, 16@l9c.,
gold. Rice has been drooping. Molasses has ruled firm, and
stocks are considerably reduced.
Sugars have further advanced,
till good refining has been quoted at 8$c., but at this {price the
market has ruled dull and weak for some days; standard crushed
is quoted ll£c. ✓
Hhds.
Stock
Sept. 27
Receipts since
Sales since
Stock Oct. 1
....
'
Boxes.
94,682
86,399
2,052
4,809
6,790
89,944
73,401
3,532
87,676
44,780
Bags.
37,273
147
5,805
Melado.
602
.
..
45
557
31,615
Stock, 1873
312,798
3,095
There has been a fair business transacted in rosins, and quota¬
tions continued to advance until $2 50 was the selling price for
strained, but at the close there was a marked falling off in the
demand, which resulted in reducing the price to $2 45.
Spirits
,
turpentine has been quite active at higher figures, closing at
36^c which is a decline of 1c. per gallon from the highest point.
In refined petroleum there has been a moderate movement, and
Same
Since
Jan.1,’74. time 1873
Jan.1,’74.
China, Glass and
Cutlery
China
Earthenware.
Glass
Glassware
.
10,216
35,513
26,533
40,664
401,630
310,698
29,222
Glass plate
Buttons*
Coal, tons
Cocoa, bags..
Coffee, bags
28,548
2<i,5J6
4,963
1,015
28,040
4,340
8,119
1,833
Gambier
Gum, Arabic
Indigo
Madder
Oils, essential..
Oil, Olive
Opium
Soda, bi-carb—
Soda, sal
Soda ash
Flax
Furs
Gunny cloth
Hair
764
Steel
523
26,283
1,368
876
Corks
37,781
62,603 Fancy goods..
43,649
54,005
Fish
38,340
43,807
6,321
5,203
Fruits, &c.—
8,416
5,210
906
4.695
'
Lemons...
1,441
Hides, dressed..
6,991
9,023
41,979
1.577
42,624
2,144
2,433
2,901
753
834
669,918
496,014
96,819
95,025
Ivory
Jewelry, &c.—
Jewelry....
...
Watches
Linseed
Molasses
,
Oranges
1,001,386
770.483
1,304,469
1,168,856
Nuts
Raisins
Spices, &c.—
Cassia
Ginger
701,007
685,742
71,460
239,283
72,573
120,545
351,299
103,897
554,827
302,816
Pepper
Saltpetre
vVoods—
Cork
Fustic
201,510
20,715
220,346
Logwood
Mahogany
Receipts of Domestic
The
...
$1645.618 $1706,269
69,992
114,088
852,812 1,182,735
202,874
263,459
Rice
1,127
the
242.428
492,322
225.328
156,975
1,859,010 4,855f!6*
9C.179
166,852
922,847
781,328
3,347
1,119,789
743,278
99,888 Hides, undressed.. 10,577,098 9,842,314
Bristles
India rubber
2,953?
value -
35,585 Cigars
3,064
142,477
Hemp, bales
Hides, &c—
2,461
Iron, RR. bars...
Lead, nitra
Spelter, lbs
'
Tin, boxes
757.797
836,181
Tin slabs, lbs...
107,268
8,945,671 4,161,336
27,347 Rags
104,227
98,4*2
-875,114 Sugar, hhds, tcs. &
bbls
11,015
548,980
484,469
Sugar, bxs & bags.
966.810
904,359
Tea
‘30,081
820,468
732,989
25,981 Tobacco
63.295
53,971
5.988 Waste
3,398
3,535
1,294 Wines, &c—
9,344
Champagne, bks.
87,082
124,129
Wines
3,891
133,676
136,784
3,328 Wool, bales. •
36,731
88,914
627 Articles reported by
50,508
20,833
1,109,242
2,728
Blea. powders...
Cochineal
Cream Tartar...
5,574'
8,554
Hardware
31,741
8,845
4,549
6,596
5,518
Cotton, bales
Drugs, &c—
Bark, Peruvian..
Same
time 1873;
Metals, &c.—
Earthenware—
361,855
73,730
300,949
104,363
93,434
Produce.
receipts of domestic produce since January 1, 1874, and for
time 1873, have been as follows :
same
Oct., and llf@12c. for the next crop. Bacon declined to 13c. for
city long clear. Cut meats have all declined more or less, and
tracts for
353
Since
Same
1873
Since
Jan.1,’74. time
Ashes
pkgs.
Breadstuffs, &c.—
Flour
Wheat
Corn.
Oats
6,732
bbls. 2,909,805
bush. 32,685,217
24,683,942
7,547,849
Rye
Barley. &c
Grass' seed.bags.
469.487
bbls.
bush.
bbls.
bales.
letup
bales.
Hides
145,768
009,24J
3,264
No.
402,41*2
bales.
Leather.
sides.
Molasses., .bbls.
..
Naval Stores—
Cr. turp. . bbls.
Tar
Pitch
...
853,923
72,175
Eggs
Pork
30,4i9
Beef
102,552
179,276
628,281
4,876
..
.
Lard
Lard
Rice
Starch
Stearine..
....
.kegs.
pkgs.
bbls.
.hhds.
pkgs.
Tobacco
Tobacco.... lihrla.
Wniskey.... .bbls.
Wool
bales.
Dressed Hogs..No.
.
10,935
8,625
63.156
58,755
404,581
41,132
440,494
3.059
1.817
31,274
time 1873?
117,278
2,388
24,759
144,322
1.687
83,034
660,004
641,860
1,518,625 1,504,095
250,954
418,249
393,242
878,745
90.112
478,732
14,092
8,449 Sugar
2,803.522 2,034,418 Sugar
23,406
23,065 Tallow
Spirits turpen...
Rosin
...
890,277
44,867
48,974
344,956
Beans
Peas
C. meal
Cotton
Hops
5,315 Oil cake
pkgs.
Oil, lard....
2,409,494 Peanuts.
.bags.
19,136,363 Provisions—
Butter
17,722,657
.pkgs.
8.448,670
Cheese..,.
744,312
Outmeats
Same
'
Jan.1,’74.
119,599
18,586
18,729
191’439
29,206
15,023
264,447
15,540
816,373
19,986
8,879
253,523
15,644
1,118
234
681
25,108
190,278
101,309
141,567
62,209
106,793
88,961
'
139,158
100.739
138,917
77,468
93,812
COTTON.
Friday, P. M., October 2,1874.
By special telegrams received to-night from the Southern ports
we are in possession of the returns
showing the receipts, exports
&c., of cotton for the week ending this evening, Oct. 2. It
appears that the total receipts for the seven days have reached
58,881 bales against 45,184 bales last week, 28,045 bales the pre¬
vious week and 14,506 bales three weeks since, making the total
receipts since the first of September, 1874, 155,221 bales against
137,059 bales for the same period of 1873-74. showing an in¬
crease since September 1,1874, of 18,162 baios.
The details of
the receipts for this week (as per telegraph) and for the corres¬
ponding weeks of the five previous years are as follows :
Received this week at—
1874.
1873.
1872.
1871.
1870.
1869.
,
speculators have succeeded in advancing the figures to 12$@13c.
for spot and all this month. Crude also is higher, and held with
firmness at 6c, but the best bid was 5fc. for October delivery.
There are no changes to note in either hops or wool, holders are
firm.
'
„
New Orleans
Mobile
Charleston
Port Royal, &c
Sivannau
Galveston
Indianola, &c
Tennessee, Ac
Florida
North Carolina
Norfolk
bales.
.
12,733
5,274
9,307
1,838
15,316
4,467
12,694
5,021
7,676
12.221
3,573
179
2,076
99
1,391
6,243
2,164
87
973
20,294
6,673
l
8,199
4,461
12,143
5,241
19,385
8,130
10,773
7,667
20,435
10,012
|8,655
18,847
11,992
4,576
3,970
1,498
3,082
933
156
1,572
744
129
222
104
2,204
7,590
2.976
49
5,603
2,262
2,513
Kentucky tobacco has been active and is again higher at 9@
6,063
5,8>1
5,601
429
437
ll|c. for lugs, and 12@25c. for leaf; sales for the week have been City Point, &c...
2,193
1,277 J
5,897
4,000 hhds., of which 1,000 were for export, and 3,000 were for
Total this week
53,881
53,676
74,116
46,044 1
56,386
55,672
consumption, closing with an upward tendency. Seed leaf has
Totalsince Sept.l..
155,221
137,059
122.596 |
239,155
124,419
153,128
been fairly active, and prices are about steady; the sales embrace :
The exports for the week ending this evening reach a total of
Crop of 1870, 17 cases Connecticut at 10£c., and crop of 1873,
1,033 cases Connecticut at ll^@47£c., 1,053 cases Ohio at 10f@llc., 17,413 bales, of which .16,372 were to Great Britain, none to124 cases Wisconsin at 8c., and 78 cases New York on private France, and 1,041 to rest of the Continent, while the stocks a&
terms.
Spanish tobacco has been in fair demand and firm ; the made up this evening, are now 152,504 bales. Below are tho
sales were 500 bales Havana at 75c.@$l, and 103 bales Yara on exports and stocks
for the week, and also for the corresponding
week of last season:
private terms.
[October 8,1874,
m
tssa=
WeekendlDK
G. Brit.
Oct. 2.
TQtalthis Samew’k
5.2SO
SoSfJ!'^:
eoo
.
400 '
41
7,6/2
1,169
....
'
Total
Since 8ont. 1
2,3 9
80,454
47,765
22,000
17,413
9,699
152,504
Til,649
33.894
34,0.49
8,136
1,510
1,041
1,131
16,372
242
V0,809
26,926
18,000
1,951
8,072
*
9,057
5,150
13,217
13,815
18,093
15,445
....
...
i*«si
~28,480
24,933
10,458
CUarleston...
Savannah
G*lVtton rrr
New York...
Other Rorts*
1873.
1874,
471
510
5,280
60!)
....
....
1878.
week.
Contln’t
France
For September.
bales.
cts.
SOO..
15 15-16
10J
16
1 600..
16 1-16
1.400..
.
16*
3,200..
16 5-32
16 3-16
16 7-32
50)..
3,3 0
.
600..
1 70
200..
16*
.
Jiforiplk 93 bales to Liverpool.
From tile foregoing statement,
it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week ol 7,714 hales, while the stocks to¬
night are 40,855 bales more than they were at this time a year
*igP« The following is oar usual table showing the movement
oi cotton at all the ports from Sept. 1 to Sept. 25, the latest mail
dates.
KXPOKTBD 8INOK
BKCBIPTS
forts.
NewOrleana
.
Mobile
Charleston*
...-
Savannah
Galveston*....
New York
SKPT.l.
SIN OK
....
.Florida
N.o. Carolina
Norfolk*
Other, ports
..
Total this year
1873.
18,012
17,203
186
5.5! I
51
1,1 >6
1,345
9.655
10,217
2,180
1,001
96,310
an
•
20
•
,
•
•
@ © ©
.
•
2,309
9,932
*
-
-
•
•
....
,
•
•
•
....
-
,
.
.
.
•
•
•
•
Stock.
1,800
•
•
•
461
4,568
14,000
1.511
16,481
58,332
128,437
24,400
53.890
91,997
14,082
2,309
23,897
502
1
Indianola, &c.; under the head of
Norfolk is included City
excited and variable market during the past
Actual prices lor cotton on the spot were unsettled by
an
attempt at a corner on
September contracts, and quotations have
greatly disturbed by the new classification which took effect
the 1st of October, and further by the disproportionate supply of
the higher grades.
The effort to prevent sales of cotton on the
been
spot, except with the
stipulation that purchases should not be
delivered on contracts, was only partially successful; this de¬
mand caused on Tuesday an advance of ^c., but no sooner had the
demand subsided than the advance was lost. Thursday, quota¬
tions were established on the basis of the new classification, but
on the old basis were reduced 4c. on
the low grades, and. fc. on
the high grades. To-day, there was a further reduction of 4CThe suspension of the house of S. Kauffman & Son, announced
For future delivery the
late, contributed to a weak closing.
15 1-16
15 3-32
15*
15 5-32
15 8 16
15 7-83
3,600..
12,700..
7,300..
S,400 .
14,766
39,259
....
2.5('0
600..
7,333
7,390
.1611-32
15*
market was dull and unchanged early in the week, for all the
months except September, in which there was some activity and
excitement, with sales on Monday as high as 16 11-32, dropping,
however, after ’Change on that day to 15 31-32. Wednesday, it was
For November.
14 31-32
300
15
15 1 82
400 1.
15 1-16
15 3-32
15*
15 5-32
1,490.
3,600
1,900
The
15 21-32
16
60!)
200
100
500
16 1-82
...16 1-lf.
16 3-32
16*
1,500.
3<0,,
300
100.
800.
15 7-16
2,400.,
900.
U’0
For January.
1,500.... ....,15 8-16
801)...
1,000...
15*
2.400...
15 9-32
15 5-16
2,800...
1,90J... ....15 11-82
3,20))...
15*
1,800... .,..15 18-32
15. 7-16
2,100...
15 15-32
1,500...
..
15*
1,200.
8.900 total March.
15 17-32
15 9-16
15 19-32
15 21- 72
15 11-16
15V
15 25-32
15 13-16
15 27-33
15*
15 15-16
15 SI 32
.16
11,000 otal Feb.
For March.
15 25-32
400.
200. /. ....15 13-16
15 27 32
800.
700.
.‘.16*
13 29-32
500.
15 15-16
1,500
600.
For
April.
.....16 3-16
..16 9-32
16 11-82
100
100,
16 15-32
16*
800 total
For
100
800
2QG
IDO
290
200
April.
May.
.16 18 32
...
.16*
16 9-16
.16 19-32
.
16*
1,100 total May.
For June.
16 21-32
10')
,.16 13-16
30'J
.17
300
700 total June.
following exchanges have been made during the
*c. pd. to exch. 100 Oct. for
16 3-16
16 7-32
300
100
February.
300.,
..15*
15 13 32
..
cts.
1.900
4(0
12,000 total Dec.
1,510
bales.
15*
200.,
500.,
600/
15*
iOO.
2.500..
2 500.,
1,200.
15 9-32
15 5-16
15 11-32
900
8,700..
8,900..
For
200.,
15 7-32
...
400
fi«0
700
600
et«.
15 9-16
15 19-22
34,500 total Jan*
For December.
80)
15 1-16
EOO
115 8-32
»:*)
bales.
1.400..
1,000.../.... 16 5-82
20,600 total Nov.
15*
2,300..
4,000..
5.200
•
1,300
15 5-8 !
15 3-16
For October.
15,185
7,232
6,404
15 7-8*2
15*
15 9-32
1,400
16,719
186
967
..
2,700
1,600
800
14,300 total Sept.
26.562
(...
..
cts
15 3-16
1,500
33.900 total Oct.
70
9'J
100..
bales.
900
16 9-82
16 5-16
1,300..
9,359
5/52
11,137
12,291
.
*
•
.
•
f
* -
1,441
•
•
162
20
162
84.728
We have had
week.
2,497
2.497
12/15
2<*,809
6,485
Coast¬
wise
Ports.
Total.
8.314)
8,582
12,914
25,546
17,.!4S
1,913
Oalotstou Is included
*c.
Other
Great i
Britain. France. For’gn.
1374.
Tptal lft»t year
Bulnt,
BBPT.lTO—
410.
For forward delivery the sales (including — free on board)
have reached during the week 137,800 bales (all low middling or
on the basis of low middling), and the following is a statement of
the sales and prices :
Stock.
Exported to—
week:
Jail,
Weather Reports by Telegraph.—There is no important
feature developed in our weather reports to-niglit. More or less
rain has fallen at several points, and a very severe storm was ex¬
on the Atlantic coast. Most of our correspondents,
however, report that picking is progressing finely. .Of course, the
extent of the injury done by the August drought in the uplands
and in the State of Texas by the subsequent rains continues to be
perienced
subject of inquiry, and the reports ot the Cotton Exchanges on
subject, which we publish below, are a good indication of the
current planter’s opinions.
Our Galveston telegram reports rain on two days^ showers ;
our correspondent says that
the cause of the small receipts at
Galveston this week is the recent rains, which have rendered
the roads bad for traveling ; the rainfall has reached seventeen
hundredths of an inch, and for the month five and eighty-four
a
the
hundredths inches.
The rainfall at Indianola the past week was four
of
hundredths
inch, and for the month of September eleven and twentyhundredths inches.
an
one
day the earlier part of
pleasant; the rainfall
was, for the week, twelve hundredths of an inch, and for the
month four and sixty hundredths inches.
reported that contracts for September had beep settled on the
At Nashville there was rain on one day to the extent of one
basis of 15±c. for low middling uplands, and the whole market
and twenty five hundredths inches.
developed weakness, under free sales. Thursday was active and
There were two rainy days at Memphis, the rainfall reaching
buoyant, owing mainly to a revival of speculative confidence, two inches and one hundredth.
with continued ease in the money market. A violent storm in
At Mobile there was a steady shower on one day the earlier
the Caroiinas has also contributed slightly to the upward turn ot
part
of the week, but the latter part has been clear and pleasant
futures.
To-day, the market was weak for the early months in a and cool
; picking is progressing finely ; the rainfall was seventygreat measure under the influence of the large receipts at the one hundredths of an inch, and for the month two and fifty-four
interior towns, but ilie later months were firmer. The sales after
hundredths inches.
’Change were at 15 5-32@15&c. for October, 15 7-32 for November,
The weather at Montgomery has been warm and dry, the days
15 11-32 for December, 15 9-16 for January, and 15 29 32
warm and nights cold ; picking is making fine progress, and the
for February.
The total sales for forward delivery for the
is being marketed freely; rainfall for the month of Sep¬
week are 137,800 bales, including
free on board. For imme¬ crop
tember thirty-nine hundredths of an inch.
diate delivery the total sales foot up this week 4,245 bales, includ¬
There has been no rain at Selma, but the indications are that
ing —- for export, 2.822 for consumption, 923 for speculation, there will be a slight shower ; the days have been warm and the
and 500 in transit.
Of the above, 100 bales were to arrive.
nights cold; picking is progressing finely, and planters are send¬
The following are the closing quotations :
ing
the crop to market freely; the highest range of the ther¬
xsew
Texas.
Alabama.
Uplands.
New Classification.
mometer was eiglity-seven.
Orleans.
At Atlanta there was a drizzling rain on one day, the rainfall
12*®.
12*®.
12*®...
12*®....
..per lb.
Ordinary
14*®.
1446®.
aggregating thirteen hundredths of an inch; rainfall * for the
14*®....
Good Ordinary
15 *®.
J-4*®....
15*®.
14*®....
Low Middling
month thirty-nine hundredths of an inch.
15*®.
15*®.
is*®!!!!
15*®.
Middling
There was one showery day at Columbus the past week, the
16*®.
16*®.
15*®....
15-Y®....
Good Middling
16*®.
16*@.
16*®,...
16*®...
Middling Fair
rainfall
reaching ten hundredths of an inch.
17 >6®.
17*®.
16*®....
16*®....
Fair
At Savannah they had an unusually severe storm on Sunday
Below we give the sales oi spot and transit cotton and price of
and Monday, which bad a bad effect on the rice crop, but cotton
Uplands at this market each dav of the past week :
was not injured materially ; the rainfall reached three and eightyPBIOKS.
SALKS.
one hundredths inches; for the month, eight and eighty-six hun¬
Low
Good
Mid
TranNew
At New Orleans rain is reported on one
the week, the latter part being clear and
*.
■‘Classification.
Exp’t.
Consump.
Specula’n
sit.
Total.
Ord’ry. Ord’ry. Mldl’g. dlln°
dredths.
The weather at Augusta has been cool
is making fine progress, and the crop is
and pleasant; picking
being sent to market
500
3)3
1,415
a
freely
;
there
was
heavy
rain
on
one
day
;
rainfall for the week
414
2*6
Wednesday
15
was three and eightheen hundredths inches, for the month five
665
623
Thursday
843
14*
833
and eighty five hundredths.
Friday
The storm experienced at Savannah extended also to Char¬
500
923
4,215
2,822
Total
The following will show the closing prices each day on tne leston, doing some damage at that point; but according to onr
dispatch, received to-night, it lasted only one day, the only
basis of low middling uplands, for tbe several deliveries named:
Frl.*
Thurs.
Wed.
Tues.
Sat.
Frl.
~ ‘
~
"
rainy day of the week, causing a rainfull of three inches and
15*
15*
15*
15*
15*
On spot
15*
eighty-nine
hundredths.
16 5-32
16 3-16
September
16 i-16
15 3-16
15 3-16
15 5-32
The thermometer has averaged at Galveston 75, Indianola 74,
lV*
15 7-82
October
15 7-32
15
5-32
15
3-32
15*
15*
15*
November
15 S-:6
New Orleans 73, Nashville 65, Memphis 75, Mobile 72, Mont¬
15 |-16
15*
15*
15 3-16
15*
December
15 7-32
15 19-32
11-32
15
15*
15*
15
*
gomery
61, Selma 73, Atlanta 70, Columbus 70, Savannah 70,
January
15 13 32
15
15 27-32
15-16
15 19-82
15 11-16
15 21-32
15 11-6
Fenuary
76 8-16
18 5-32
15 31-12
Augusta 69, and at Charleston 69.
15 15-16
15*
March
15 31-32
139
397
804
Saturday
Monday
Tuesday
(f
68
5:6
149
42
10
t
....
...
.
.
516
372
....
IS*
13*
13*
13*
L’*
12*
....
•
14V
14*
14*
14V
14*
14*
15*
15*
15V
15*
16*
16*
16*
16*
15*
15*
....
....
....
„
Anr.l
18*
May
June
Gold
Exchange
Sales spot
Sale* future...
•
014 basis.
16 11-32
16 9-82
16 9—16
109*
16*
16 13-16
109*
109 *
4.82
4 82
810
30,800
536
4.82
872
11,000
24.300
110
4.82*
! ,415
22.500
16*
16 15-32
16*
16*
17
iiok
no*
110*
4.83
414
4.83
665
4.83
848
27.600
20,500
28,600
Chart Showing the General Cotton Movement for the Year.—VVe have received, through the kindness of Mr. E. R.
Powers, Superintendent of the New York Cotton Exchange, a
chart which lie has prepared, showing, the general cotton move¬
ment ol the United States for
the last two years.
This chart is
October
♦
..
.»
.
m
3,...:o»r''•
1874,1
855
-4US
Savannah. Cotton
Exchange Crop Report*
gotten up in excellent style, and will be found of great conve¬
nience to all who may from time to time desire to refer to the past
Through the kindness of Mr. J. H. Johnston, Chairman
of the Committee on Information and Statistics, we have received
figures.
the September crop report of the Savannah Cotton Exchange.
The Savannah Coiton Exchange covers Northern, Middle and, Southwestern
Quotations qf the New Grades of Cotton by our
Cotton Exchange.—With the 1st of October the Quotation Com¬ Georgia, and the State of Florida.
GEORGIA.
mittee of the New York Cotton Exchange have begun to give quota¬
(97 replies from 58 counties.)
tions of the grades of cotton, as established by'the National Cotton
1st Question. What has been the character qf the weather in your county since
August?
Exchange, with the addition of the grades of middling fair and 20th
Answer. Dry and hot, but after the 1st inst. the northern counties were
fair, as established by the New York Exchange. They will also relieved
by raiue.
2d Question. What effect has it had upon the cotton plant ?
give until September 1st, 1875, the six grades of upland cotton
Answer. Caused premature opening otboiia, also profuse shedding
on the types that have ruled this market for the past year; this
of fruit
is done for the settlement of contracts, all of which have been and leaves, particularly ia saudy lands, which was checked in the northern
counties when the rains commenced. The bottom lands have not been injured
made on the old classification. The only official quotation that by the dry weather.
3d Question. What damage, if any, has been sustained from caterpillars or
will be telegraphed will be on the new standard American classi¬
fication.
But with the new quotations given the price of the other causes to cotton in your county ?
Answer. None of consequence from caterpillars or other causes, except
corresponding grade according to the old classification can be drought and rust.
Ath Question. Is there any serious apprehension that they will do any damage
easily determined by preserving the following statement :
*
Old Classification of
New Classification of
is %c. lower than the
.Ordinary.
.Good Ordlnarry.
Low middling..is %c. lower than the
Low middling.
Low middling..is the same price as the Strict Good Ordinary.
middling
is ytc. lower than the ...middling*
Good middling is lc. lower than the
Good middling.
middling Fair..is ^c. lower than the .Good middling.
Fair
is the same price as the Good middling.
Ordinary
Good Ordinary is J£c. lower than the
..
..
...
.
Our Spinners and Shorter Time.—Pretty conclusive evi¬
dence of the correctness of the position we have held during this
with regard to consumption, is at present being developed on
side of us. An over supply of goods appear to be the uni¬
versal cry, not alone in this country but also in England and at
some points of the Continent.
This is a very effective answer to
the arguments of enlarged consumption of cotton which have been
so popular in some quarters; spinners only force their spindles
to their utmost capacity when the demand for goods is ac+ive and
prices remunerative.
The present week lias developed more fully the extent of the
year
every
short-time movement in New
At the adjourned meet¬
ing at Boston last Friday 2,000,000 spindles are said to have been
represented in person and more by letter; the report of the com¬
mittee recommending a reduction of working time one-third (two
days out of the six) was unanimously adopted, and an invitation
was extended to all the manufacturers of New England to meet
again in Boston on the 28th of October, to take such further
action as the state of business may then seem to require. On
Wednesday of this week the Providence committee gave notice
that they had received assurances which justified them in an¬
nouncing a general compliance on the part of cotton manufac¬
turers of the State with the recommendation to place the mills on
short time, and they advise that the Boston basis of 44 hours per
week, or one-third the current consumption be adopted. Thus
we see the movement has become extended, and
is apparently
receiving general acquiescence among New England spinners.
What is to be the effect of this short-time movement upon the
year’s consumption of cotton cannot be definitely stated. The
action of the mills is enforced by reason of the over-supply of
goods and the consequent low and unremunerative prices prevail¬
ing. The object is not to secure lower prices for cotton, but
higher prices for goods. As soon, therefore, as the values of goods
respond to this notice of restricted production, a turn towards in¬
creased hours of labor again, would be quietly but quickly made.
Our spinners find no profit in short time; they will continue it
no
England.
Cotton
Exchange Crop Report.
change, of the condition of the crop in Texas on or about Septem¬
ber 20. Ninety nine (99) replies were^received from forty-nine
(49) counties.
TEXAS.
(As the questions are given below we do not repeat them here.)
Question—Thirty-four (34) counties say that it has been
very
dry and hot up to the first week of September, since which time there have
been heavy rains; three (3) extreme ^Northern counties say that it is
still dry.
Answer to 2d Question—Forty-three (43) counties say that the rains have been
seriously injurious, preventing picking, beating out cotton, causing sprouting
in the boll, impairing the quality and condition of the staple, and bringing
hack caterpillars. Six (6) counties say that the rains have been beneficial, by
starting new growth which may produce, if spared by worms.
Answer to 3d Question—Twenty one (21) counties report injury from cater¬
pillars and twenty-eight (28) report none. All the forty-nine (49) connties
report irreparable injury from drought prior to September.
Answer to 4th Question—In counties where the caterpillar^ has appeared it
has done all the harm it can.
Answer to 5th Question—Eight (8) counties report that it will he larger than
last year; forty-one (4i) that it will he less than last year by an average of one
half.
Answer to 6th Question—Fourteen (14) counties report the picking began
between August 1st and 15th; eighteen (18) between August 15th and Septem¬
ber 1st; seventeen (17) between September 1st and 15th.
Answer to 'Ith Question—The past fortnight picking has become general, hut
has been suspended by the heavy rains, and much cotton already picked and
lying In piles in the fields has been injured. The committee add that the
general tenor of the replies indicates a yield per acre not exceeding two-thirds
of last year’s yield, and unless these correspondents are mistaken, the Texas
crop will fall short twenty per cent, of last year’s crop.
J. H. Metcalf, Chairman,
J. D. Braman,
J. S. Grinnan,
Thbo. O. Vogel,
W. L. Thqmas,
Committee
on
into consideration the good co.idition of the crop oa bottom laud3, otherwise
it would not be so favorable.
The average decrease iu the northern coauties
is estimated at about 20 per cent. Where the vitality of the plant is not
destroyed it is apprehended that au early frost will seriously curtail the yield.
When did picking
5th Question.
Answer. Southwest
commence with you ?
Georgia, 15th to 20th August; Middle Georgia, 20th
August to 1st September; Northern Georgia, 15th to 20th September.
7 th Question. State any material facts in relation to picking, yield, or any other
points not cowered by theforegoing questions ?
Answer. Owing to the drought cotton is opening rapidly,
and favorahlo
weather has facilitated picking so that it is progressing
freely. The crop is
expected to be soon gathered wherever the drought has had full effect.
FLORIDA.
(16 replies from 9 cqjinties.l
Answer to 1 st question. Thirteen reply hot and dry,' 3 seasonable.
Answer to 2d question. The drought caused the plant to stop growing, to
rust, and to partially shed both fruit and foliage.
Answer to M question. Five reply slightly damaged by caterpillar; 11 not at
all by caterpillar; all report injury Irom drought, and many damage from boll
worm.
Answer to 4th question. It is now so late in the season there can be bat
little damage done to the plant.
Answer to 5th question. The drought in August stopped the plant’s growth,
and matured it so rapidly that early or late
have little effect upon
the yield.1 In East Florida (the Sea Island district) leas cotton will be made
than last year. In Middle and West Florida (the short cotton district) the
Frost will
yield wi 1 be greater than last year.
Answer to 5th question. Six reply August 1 and 15, two August 20Answer to Wt question. Cotton has opened so rapidly that laborers pick in
a day more than an average, and having had so much clear and dry weather
the crop will be housed sooner than usual, and in better condition.
J. H. Johnston,
J. G. Low,
T. H. Austin,
E. C. Anderson,
E. J. Moses,
j
Committee
on
Jr.,
Information and Statistics. ~
Memphis Cotton Exchange Crop Report.
The Committee on Information and Statistics of the Cotton
Exchange of Memphis make the following crop report ior
September:
Gentlemen: We respectfully submit the following reports,
condensed from answers received to interrogatories propounded
by the National Cotton Exchange appertaining to tha cotton crop
This district sent out, dated September 15, our report,
which is derived from fifty-four responses from West Tennessee,
prospects.
of the Arkansas River, and ten
date being the 20th instant.
By telegraph we have received from Mr. A. G. Mills, Secretary of
the Galveston Cotton Exchange,|the September report of that Ex¬
Answer to 1 st
Correspondents from thc^e sections, in making the comparison of yield, take
fifty-one from North Mississippi, thirty-four from Arkansas north
from North Alabama, the average
longer than necessity compels them.
Galveston
this season ?
Answer. No.
5 'h Question. With frost at usual time, will the yield be the earns, greater or
less, than last year, in your county ?
Answer. In Southwest Georgia, where storms and worms last
year out off
the crop seriously, the yield this year is expected to he somewhat larger. In
Middle Georgia the average of the estimated decrease i* about*15 per cent.
Information md Statistics.
The Memphis Cotton Exchange covers the State
Tennessee River, and the following counties in
of Tennessee west of the
Mississippi: Coahoma,
Panola, Lafayette, Marshall, De Soto, Tunica, Benton and Tippah, and the
State of Arkansas north of the Arkansas River.
Answer to \st Question.—West Tennessee—28 answer
dry and warm, 20
gene¬
rally dry, with light local showers; 4 abundant rains, 2 too much rain. North
Mississippi—25 dry and warm, 22 generally dry with light local showers, 4
abundant rains. Arkansas—14 dry and warm, 15 generally dry with light local
rains, 5 abundant rains. North Alabama—5 dry and warm, 4 generally dry
with light local rains, 1 abundant rain.
Answer to 2d Question.— West Tennessee—25 answer caused a serious shed¬
ding of fruit, 8 caused improved growth of bolls, 9 caused second growth, but
too late to mature, 28 caused premature opening of bolls, 8 has damaged open
cotton, 2 not materially affected crop. North Mississippi—2T serious shedding
of fruit, 7 improved growth of bolls, 8 second growth too late to mature, 34
premature opening of bolls, 1 damaged open cotton, 4 not materially affected
crop. Arkausas -11 serious shedding of fruit, 8 improved growth of Veil*, 10
second growth too late to mature, 13 premature opening of bolls, 9 damaged
open cotton, 4 not materially affected crop. North Alabama—4 serious shea¬
ding of fruit, 6 premature opening of bolls.
Answer to 3d
plain of
some
Question—All sections answer no damage by
damage by rust.
Answer to 4th
Question—All sections answer
worms,
14 com¬
no damage anticipated from
w> rms.
AJiswer
to 5th Question— West Tennessee—The average depreciation from
1873 is estimated at 49 1-3 per cent. North Mississippi—40 per cent.
Arkansas—46 per cent North Alabama—39 per cent.
Answer to 6th Question—West Tennessee—Average date of commencement
of picking season. August 21. North Mississippi—August 24. Arkansas—
September L North Alabama—September 5.
Answer to 7th Question—See answer in Aggregate.
Aggregate.
1st. Of the 149 responses 67 answer dry and warm weather, 66 generally dry
with light local showers, 14 abundant rain. 2 too much rain.
2nd. 64 report caused serious shedding of fruit, 28 caused improved growth
of bolls, 27 caused second growth too late for maturity, 81 caused premature
opening of bolls, 7 has damaged open cotton, by soiling and beating out; 13
crop not materially affected by weather.
3rd. All enswer there has been no damage by caterpillars.
4 th. All answer no damage anticipated by caterpillars.
5th. The average depreciation of yield below that of last year is estimated at
crop
45 per
cent.
6th. The average commencement of the picking season was August 25.
7th. The responses to this general interrogatory, aside from a repetition ol
information derived through preceding six questions, are in the main: That
n the upland plantations many of the crops are ontirely open; that the
up-
will (with good weather) be harvested by the end ’of October, or
15th November; that in the uplands generally the bolls are small, staple short
and light, and the seed comparatively worthless. In many instances, an in¬
difference is exhibited on the part of the freedmen about picking out the
crop, they having realized all their interest in in the crop by advances made
by the planters during cultivation—in numbers of instances, having actually
abandoned the crop. A great anxiety is expressed in regard to the future; in
many instances, in addition to the failure of the cotton crop, sufficient grain
and provender has not been made to winter stock, or make bread for family
land crop
support.
Very respectfully,
W. P. Proudfit, Factor,
S. M. Gates, Buyer,
J. R. Godwin, Factor,
T. H. Allen, Factor,
W. F. Taylor, Factor,
S. M. Anderson, Buyer,
Committee
on
To the President and
Chairman.
•
and 3
shed¬
ding and forcing early opening of bolls. Where they have had showers they have
come too late Urdo any good.
Injury from caterpillars and boll worms has
not been to anj serious extent, aud there is but little appreheu-ion that they
will do any damage. Thirteen counties report that the yield will be 33 per cent,
less on the average than last year; 5 less, without giving percentage, and 1
the same (Lowndes). Picking was general, as iu Alabama, from August 25th
to September 10th, according to thelocation of the county.
Nearly every re¬
port complains of the bad effect of the long-continued drouth, and some, of
the laborers working badly. All speak of tne early termination of the pick¬
ing season, as nearly all the cotton is now open.
Very respectfully,
T. K. Irwin, Chairman,
J. P. Billups,
M. G. Hudson,
Wm. Lesser,
v
Geo. G. Duffee,
Committee
Crop Report.
Nashville, Tenn., Sept. 26, 1874.
Board of Managers of the Nashville Cotton
on
Information and Statistics.
Gunny Bags, Bagging, Etc.—Bagging has ruled
with a slack demand.
There have been no sales of
business being confined to filling small orders,
quiet,
round lots,
very
Holders ask 13£
Exchange:
Information and Statistics @13 Jc. cash lor 2£ lb. rolls, aud 13c. cash for same in Boston.
beg leave to report that they issued a circular in accordance with India bales 10@10£c., Borneo or Gourripore 13|c. cash. Bags are
the one sent us by the National Cotton Exchange, and have re
in small stock and in few bands; held at 12@12£c. cash, but no
ceived twenty-seven replies from the ten counties of North Ala¬ sales. Jute butts partake of the general dulness, and few sales
bama, and twenty-six from the eighteen counties of Middle Ten¬ are reported. We quote 2 ll-16c@2£c. cash and time. Stocks
nessee, which is only about half the number received in response
here and in Boston only 20,000 bales, and the arrivals for the next
to our August circular.
We regret exceedingly this want of in¬ two months will be very small.
terest among those who should be not only willing, but anxious
Visible Supply of Cotton as Made up by Cable and Tele¬
to assist in securing reliable information,and hope they will favor
graph.—Below ,we give our table of visible supply, as made up
us in the future with answers within the time named.
The fol¬
by cable and telegraph to-night. The continental stocks are the
lowing reports show the condition of the crop in the sections re¬ figures of last Saturday, but the totals for Great Britain and the
ferred to. The report is condensed from twenty-six answers from
afloat for the Continent are this week’s returns, and consequently
the eighteen counties in Middle Tennessee:
brought down to Thursday evening; hence to make the totals the
TheNashville Cotton Exchange covers Middle Tennessee, east of Tennessee
River, and the following counties of Alabama: Lauderdale, Franklin, Colbert, complete figures for to night (Oct. 2), we add the item of exports
iding in it the exports
Lawrence, Morgan, Limestone, Madison, Marshall, Jackson, De Kalb, and from
Gentlemen
:
Your Committee on
Cherokee.
only.
TENNESSEE.
damage from rust and weather.
Answer to Ath. question. No damage
cotton.
Answer to
5th question. 10 report
....
....
....
one-third of a crop, 11 one-half, 3 two-
thirds, 2 three-fourths, which makes average a little below the last report.
Answer to 5th. question. About the 1st to the 10th of September, which
is
expected
in our last report.
ALABAMA.
Answer to 1st Question—\2 report drought, 7 favorable weather, 8 unfavorable.
Answer to 2d Question—6 report shedding of squares and bolls.- 5 no material
effect, 9 unfavorable weather, 4 caused second growth, 3 beneficial.
Answer to 8d Question—No damage, except from rust and weather, alluded
fully ten days later than was
to in eleven of the answers.
Answer to \th Question -None.
Answer to 5th. Question—11 report
....
but thirteen report
feared from worms or caterpillars to
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen —
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp,... .. ....
Stock at other continental ports..
'
half crop, same number two-thirds, and 5
three-fourths of a crop.
Answer to 6th Question—On an average about the 7th inst.
Answer to rdh Question—The reports generally iucline to the opinion
present prospects cannot be materially improved under the most
circumstances; even an unusually late fall would not add anything of
that the
favorable
import¬
John F. Wheless,
J. P. McGuire,
James H. Wilkes,
W. E. Hoke,
J. E. Gilbert.
.Mobile Cotton
Exchange Crop Report.
Mobile, Sept. 26, 1874.
Esq., President Mobile Cotton Exchange:
Sir—Your committee having been officially informed that the
National Cotton Crop Report for September will not be compiled,
in consequence of late returns, beg leave to submit the following
A. J. Gillespie,
for the Mobile Department. The period
is from Aug.
20th to Sept. 15th.
The Mobile Cotton Exchange covers the State of Alabama as far north as
the summit of the Sand Mountains, and the following counties in Mississippi;
Wayne, Clarke, Jasper, Landerdale, Newton, Kemper, Nesholso. Noxubee,
Winston, Lowndes, Oktibiba, Colfax, Monroe, Chickasaw, Itawamba, Lee,
embraced
Pontotoc, Prentiss, Alcorn
and Tishamingo.
ALABAMA.
(45 counties, 123 reports.)
Thirty-one counties report the weather as having been dry and hot, and 14
generally seasonable, with occasional showers. Thirty-seven counties report
that the effect of the weather has been to stop the growth of the plant, caus¬
ing shedding and rust on some places, and destroying all hope of a top crop.
In the remaining 8 counties, the weather has been beneficial to the bottoms
and stiff lands, causing a new growth, and tending to increase the size of the
bolls. In the uplands no benefit has been derived therefrom. Caterpillars
have done hurdly any damage; boll worms have done a little in nearly all the
counties, and no serious damage is apprehended from either this season. All
the reports agree in saving that frost will do but little damage, as the crop is
nearly all opened, and the yield, as compared with last year, is estimated in
20 counties (mostly stiff bottom lands) ax 10'per cent, increase on the average
in 25 (uplands) 11 per cent, decrease. Picking generally
commenced about 20th to 25th of August in the Southern and Middle
counties, and 1st to 10th September in the Northern ^counties. Nearly all
agree that picking will be over by Nove nber 1st. The weather has been
particularly fine for gathering the crop, and the lint in consequence is very
clean. All complain of premature opening of the bolls by the excessive
drouth, and the damage from this cause is variously estimated at from 25 to
50 per cent, from the promise of August 1st; average for the State, 33 per
cent. The yield of lint to a given number of pounds of seed cotton is a point
on which there are various opinions.
Some contend that the yield is greater
on account of small seed, and others state with equal positiveness that the
yield will be much less than in ordinary seasons.
over
...
Egypt. Brazils, &c., afloat for Europe
Stock in United States ports
Stock in United States interior ports
United States exports to-day.
....
Of the above,
American—
110,000
207,750
841,000
165,000
13,500
852,'; 50
106,750
10,000
252,000
17,000
62,000
17.000
40,500
29,000
31,000
40,0C0
92,000
100,000
26,750
20,000
935,00o
52,000
16,000
39,000
74,000
58,000
11,000
40,000
63,000
421,500
564,000
1,289,750
1.274,250
262,000
262,000
21,000
229,000
33,000
1.499,000
251,000
41,000
152.504
30,574
60,000
37,000
55,000
162,648
111.619
29,763
1,000
17,951
2,000
1,798,828
1,738,662
2,024,599
2,000
the*totals of American and other descriptions are as follows:
210,000
21,000
152,504
30,574
Europe
United States stock
United States interior stocks
American afloat to
2,000
to-day
United States expoits
521,412
1,738,662
bales. ' 644,078
Total American
108,000
180,000
166,000
33,000
111,649
29,763
1,000
228,000
Liverpool stock
Continental stocks
100,000
37,000
162,648
17,951
2.0U0
427,599
2,024,599
t
bales. 1,798,828
Liverpool
8d.
8%@9d.
9^@9%d.
These figures indicate an increase in the cotton in sight to
night, of 60,166 bales as compared with the same date of 1873,
and a decrease of 225,771 bales as compared with the correspond¬
ing date of 1872.
Total visible supply
Price
Middling Uplands,
Movements of
Cotton at the Interior
give the movements of cotton at the interior
shipments for the week, and stock to-night,
ponding week of
1873:
,-Week ending Oct.
2,1874
Receipts. Shipments.
3,676
Augusta
Columbus.
....
Macon
Montgomery...
Selma
,
2.855
1,714
2,328
2,776
3,178
2,500
2,363
2,344
2,366
4,123
7,762
Memphis
Nashville*....
850
'
455
Ports.—Below we
ports—receipts and
and for the corres¬
Weekending Oct. 3,1873.-
Stock. Receipts. Shipments. Stock.
4,337
3,075
1,678
4,482
475
3,760
2,050
1,182
88
4,880
1,975
2,752
734
3,007
1,249
2,576
994
2,856
1,565
2,363
8,838
5,615
2,049
13,012
137
565
2,140
3,484
15,226
6,155
29,763
Total, old... 23,070
16,220
30,574
Shreveport....
1,016
1,645
588
1,370
t
t
t
1,592
401
2,442
791
872
1,237
3,598
4,322
1,123
750
208
961
283
St. Louis
800
397
1,647
4,208*
9,691
2,320
1,919
2,692
Cincinnati
Total,
last year, ana
1872.
704,000
231,000
731,000
23,000
9,750
26,000
....
the indif¬
Owing to
light yield and low prices they find their crops, if gathered, will
barely pay for the supplies furnished, and therefore they are dis4
posed to abandon them and work for others for wages.
Respectfully submitted,
5
..
.
Total European stocks
India cotton afloat for Europe.
American cotton afloat for Europe
ance.
From North Alabama we note frequent complaints of
ference of laborers in regard to picking out the crop.
1873.
645.000
1874.
8 drought.
4 no material change,
Answer to 1 st question. 7 report favorable, 12 showery,
Answer to 2d question. 11 report caused second growth,
7 shedding of squares and bolls, 4 beneficial.
Answer to 3d question. No damage from caterpillars,
-
'
Mississippi.
(19 counties, 56 reports.)
Sixteen counties report the weather as having been dry and hot,
seasonable. The effect of the weather has been unfavorable, causing
Information and Statistics.
Nashville Cotton Exchange
•
[October 3, 1874.
THE CHRONICLE
356
....
new..
5,975
762
32,455
8,074
17,546
20,428 40,265
Total, all... 29,045
The receipts at Nashville are, this week, mostly i rotn Montgomery,
t No receipts or shipments reported in consequence of the yellow fever epi¬
*
demic.
The above totals show that the old interior stocks have increased
during the week 6,850 bales, and are to-night 811 bales more
than at the same period last year.
The receipts have been 7,844
bales more than the same week last year.
•r
October
3, 1874.]
THE CHRONICLE
357
Bombay Shipments.—According to our cable dispatch received
Liverpool, Ock 2.—3.30 P. M.—By Cable from Liverpool.
to-day, there have been 2,000 bales shipped from Bombay to —The market has ruled strong to-day. Sales of the day were
Great Britain the past week and 1,000 bales to the Continent
20,000 bales, of which 3,000 bales were for export and specula¬
while the receipts at Bombay during the same time have been tion. Of today’s sales 12,000 bales were American. The weekly
1,000 bales. The movement since the 1st of January is as movement is given as follows :
follows. These are the figures of W. Nicol & Co., of Bombay
Sept. 11.
Oct. 2.
Sept 18.
Sept. 25.
Sales of the week...
bales.
and are brought down to Thursday, Oct. 1:
78,000
96,000
81,000
80,000
of which
Shipments this week—,
Great
Britain,
1874
1873
1872
2,000
1,000
exporters took
Shipments since Jan. 1—, .—Receipts.—
Continent. Total.
Great
Britain,
1,000
3,000
790,000
1,000
2,000
14,000
678,000
635,000
Continent.
This
week.
Total,
Since
Jan. 1
364,000 1,154.000
1,000 1,214,000
197,000
875,000
2,000
931,000
14,000
240.000
875,000
1,000
908,000
From ttie foregoing it would appear that compared with last
year there is &n increase of 1,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total movement
since January 1 shows an increase in shipments of 279,000 bales
..
compared with the corresponding period of 1873.
The exports ol cotton this week from New York show an
increase, as compared with last week, the total reaching 8,072
bales, against 3,936 bales last week. Below we give our usua
table showing the exports of cotton from New York and their
direction for each of the last four weeks; also the total ex¬
ports and direction since Sept. 1,1874; and in the last column
the total for the same period of the previous year.
Exports of Cotton (bales) from New York since Sept. 1, 1874
WEEK
Same
ENDINO
-
Total
EXPORTED TO
Liverpool
Sept.
Sept.
Sept.
Sept.
9.
16.
23.
30.
2,775
1;982
3,736
7,672
Total to Gt. Britain
2,775
1,932
3,736
7,672
Havre
Other French ports.
2,109
Total French.
2,109
period
prev’us
17,654
17,654
200
2,309
....
Bremen and Hanover.
200
....
....
400
400
....
...
2,309
....
Hamburg
Total to N.
Europe.
•
.
•
•
*
*
*
*
•
•
•
400
400
•
*
Spain, Oporto&Gibraltar&c
AH others.
Spain, Ac.
••
Grand Total...
....
....
4.884
1.982
....
....
3,936
8,072
*
*
NEW YORK.
20,363
29,395
phlladelp’ia
BOBTON.
BALTIMORE.
from-
This
week.
New Orleans..
Texas
Savannah
Mobile
Florida
S’th Carolina.
N’th Carolina.
This
week.
Since
Sept.
2,723
1,707
6,525
1.
Sept.l.
This
week.
704
657
Since
10,549
5,266
17,601
‘
4
Virginia
6,462
10,069
455
759
Sept.l.
This
Since
week.'- Septl.
1,489
1,182
Since
■
834
1,973
•
•
•
•
•
•
....
•
3,070
4,902
369
North’rn Porte
325
361
1,721
2,684
5,940
Tennessee, &e
Foreign
1,605
205
342
Total this year
22,872
3,518j
206
53.238
3,129
•
.
.
.
60
336
411
,
•
•
•
....
266
.
...
923
197
621
733
....
646
....
11,644
.
87
•
....
1
....
•
13
.
....
807
2,222
2,746
52.479'
15,823
2,742 10,858
1.822
1,338
year.
2,740
4,211
Shipping N kvvs.—The exports ol cotton trom the United States
Total last
the past week, as per latest mail returns, have reached 8,706
bales. So far as the Southern ports are concerned, these are the
reported by telegraph,and published in TheChbonFriday, except Galveston, and the figures for that port
the exports for two weeks back. With regard to New York,
sameexnorts
are
last
include the manifests of all vessels cleared up
we
Wednesday
to
night of this week.
Total bales
New York—To
552 ...City
Liverpool, per steamers Nevada, 2,654....Calabria,
of Brussels, 4% ...Celtic, 674
Erin, 476
Algeria,
1,052....per ships Tantallon Castle, 488
Arethusa, 706
Ben¬
gal, 200
7,672
Ivanhoe. 432
To Bremen, per steamer Mosel, 400
400
Norfolk—TV Liverpool, per steamer San Jacinto, 93
93
Boston—To St. Johns, N. B., per
41
41
Philadelphia—To Liverpool, per steamer Pennsylvania, 500
500
—
-
.
Total
phe
are as
j
3,706
vrticulars of these
shipments, arranged in
Liverpool.
7,672
New York
Norfolk
Boston
Bremen.
400
93
500
Total......*.
St.
Johns, N.B.
....
•
Philadelphia
&c.,
usual form
our
follows:
Below
•
..
•
•
•
•
•
•
•
•
8,012
93
41
500
41
•
.
Total.
—
41
15.000
295,000
23,000
261,000
240,000
17,000
14 000
19.000
8,000
following table will show the dally closing prices of cotton for the week*
Satur.
Mon..
Holi-
d’gUplands.. .<&!%
Orleans.
®8}f
do
Tues.
..MIX
...@8J<
day.
..
Wednes.
7%@8
Thnrs.
Fri.
7%@8
■■&8X
...@8X
•
...®8
8X<2#X
BRE ADSTUPPS.
Friday P. M.. October 2, 1874.
There has been
dull and rather
depressed market for flour
considerable decline can be quoted. The
demand, if less active for export to Great Britain, has been pretty
general from other quarters, while receipts have been moderate.
the past
week.
a
Still,
no
we
aged slightly by a collision in the Mersey.
Cotton freights the past week have been as
-Liverpool.
/
Steam.
a.
Sail.
....@3-16
■
MX
@3-16
.@3-16
@3-16
@3-16
....@3-16
...
■
•
,—Havre.—*
Steam. Sail.
d.
Saturday.. MX'
Monday... MX
Tuesday... MX
Wedn’aav. .MX
Thursday. .MX
,
.
’•
...
quite free, and it is probable that we will have a large stock in
store at the close of inland navigation.
To-day, there was a fur¬
ther improvement, with No. 2 Milwaukee selling at $1 16 in
store and $1 17 afloat, but the close was dull.
Indian com has been fairly active, but
at weakening
prices.
Speculative holders have shown a disposition to
realize, while dull foreign advices have kept the export demand
within narrow limits, and the trade have bought only to
supply
immediate wants. The range of prices has been between 95 and
97c. for prime mixed. Speculation has subsided partially in the
W estern markets, and they are generally lower.
To-day, the
market was easier and active at 95@95|c. for prime mixed afloat.
Rye continues scarce, with small sales of new at 95c., but
generally held higher. Barley has been dull, and under more
liberal supplies coming forward, prices have been drooping, with
Canada West not salable at over $1 30, and prime State at $1 25.
Oats have been drooping, the recent high prices have called out
liberal supplies of the new crop, under which the market has
slowly given way, with sales of prime mixed yesterday at 62@
63c. To-day, the market was steady, but less active.
The following are the closing quotations :
flour.
Grain.
No. 2
# bbl. 13 65® 4
Superfine State and West¬
ern
4 60® 4
Extra State, &c
5 10® 5
Western Spring Wheat
extras
5 00® 5
do double extras
5 50® 8
do winter wheat extras
and double extras
City shipping extras.
City trade and family
..
brands
Southe? n bakers’ and fa¬
mily orands.
Southern shipp’gextras..
Rye flour, superfine
Corn meal—Western, &c.
Corn meal—Br’wine, &c.
The
movement
8,706
give all news received, during the week, of disaster
vessels carrying cotton from United States ports:
....
13,000
319,000
Wheat—No.3
10
No. 2 spring, new
No. 1 spring, new.
Red Western
Amber do
85
35 !
1 20® 1 28
1 24® 1 27
1 27® l 40
95®
96
99® 1 00
97®
...
Southern,white
Rye
5 25® 5 85
00® 7 50
1 14® 1 18
1 22® 1 24
White
Corn-Western mixed....
White Western
Yellow Western
40
00
5 25® 8 00
6
spring,bush.fl C8® i
®
95®
58®
I Oats—Black
I
Mixed
White
7 00® 8 25 I
5 50® 6 50 ' Barley—Western
5 00® 5 40
4 50® 5 00
....
60®
62®
1 10® 1
Canada West
State
Peas—Canada
1 80® 1
1 25® 1
98
61
63
65
25
85
80
40
1 20® 1
5 40® 5 50
in breadstufis at this market has been as iol-
lows:
400
8,265
c.
•
•
•
•
.
•
•
•
•
.
•
•
•
•
•
,
follows;
Bremen.
Steam. Sail.
c.
c.
%
%
X
X
X
.MX
..@X
.MX
.MX
&comp
Xcomp
Kcomp
\ .MX
>6 comp
Kcomp
X
\-MX
c.
Xcomp
-Hamburg.—
Steam.
RECEIPTS AT NEW YORK.
.
Sail.
c.
c.
.MX
-MX
.MX
.MX
.MX
.MX
X
X
X
X
X
X
Since
Jan.
1874.
v
For the
Since
s
to
Sully, str. (Fr.), Sigoud, at Liverpool Sept. 24 from New Orleans, was dam¬
Friday
6,000
12,000
•
the West have increased, and the eastward movement continues
....
tollovviug are the receipts ot cotton at New York. Boston,
Philadelphia and Baltimore for the last week, and since Sept. 1/74
icle
42,000
10,000
10,000
•
7,000
5,000
731,000
228,000
37,000
8,000
*
The
beob’ts
21,000
21.000
4,000
777,000
256,000
60,000
12,000
....
Other ports.
Total
.
796,000
283,000
13,000
7,000
year.
\* * * *
....
The
,
18,000
2,000
841,000
313,000
Latterly, also, holders have been strengthed by the advance in
wheat and by a general revival ot confidence respecting the future
of the market.
To-day, there was more doing for export, the
28,8^3
sales embracing 1,000 bbls. extra State at $5 30, and 1,000 bble.
low extra from winter wheat at $5 50.
28,893
The wheat market has been more active, and prices have recov
502
ered a portion of the late decline.
This is especially true of spring
wheat.
A
large
of
current
portion
the
502
receipts have been sent to
store, to' be held for higher prices, and there has been some specu¬
lative buying. Winter wheats, not having this aid, are without
decided improvement. Yesterday, the .advance was so decided as
to check business, with sales of No. 3 Milwaukee $1 11, No. 2
Chicago $1 13, No. 2 Milwaukee $1 16, red and amber winter
$1 20@1 25, and choice white for export at $1 38. Receipts at
to
date.
Other British Ports.
of which speculators took...
Total stock
of which American
Total import of the week
of which American
Actual export
Amount afloat
of which American
,
WPpk
Tan
1
1
'873
Flour, bbls. 74,108' 2,909,805 2,409^494
C. meal, “
2,963
145,768
178,276
Wheat, ous.l,369,469 32,085,217 19,136,363
“ .1,111,4*24 24,683,942 17.722,657
Corn,
Rye,
“
♦Barley “
Oats ...“
.
.
.
*
EXPORTS FROM NEW YORK.
1874.
For the
Since
week.
Jan. 1.
44,288
1,638
1,649,975
141,412
,
.
40,656
2,318
1.101,863
141.732
949,181 29.010,8861,494,347 14,838,574
25,754 15,982,197
282,593 11,256,106
500
469,487
744.312
550.79?
20,908
695,661
54,231
359,350
890,277
7,547,849
853,923
8.448,670
3,000
94,368
1,000
40,040
31,202
.
,
1873.
,
For the
Since
week.
Jan. 1.
.
850
♦In
Receipts at New York” includes also malt.
The
following tables show the Grain in sight and the
ment of Breadstufis to the latest mail dates:
move¬
SEPT.
26, AND FROM AUG. 1 TO SEPT. 26.
Chicago...
Milwaukee
...
-
.
30,331
23,453
415
635,450
549,118
312,968
249,573
20,080
203,319
16,690
*3,500
21,788
3,024
17,554
*2,875
Toledo
Detroit
Cleveland
8t. Louis
38,270
Peoria
Duluth
.
28,000
5,950
120,403
8,304
36,400
46,030
62,610
87,840
103,300
93,997
701
*
5.770
587
might be made equally available in connection with our cotton
manufactures. There is more steadiness felt in first hands, now
9.032 that the excise
of|production is to be removed ; while at the same
10,900
time buyers are operating with more freedom, as they would have
done from the outset had the trade been conducted in such a
44,127
33,471 manner as to give them any assurance that values were to be
350
943
34
14,2 0
89.912
26,900
•
....
....
....
17,801
101,321
66,470
394,209
907,569
13,155
119.422
772,956
250,146
120,068
657,956
190,464
2,008,981 1,130,012
902,888
1,713 498
Corresp’ng week/73. 153.153 2,9^9,179 1 426.521
’72.
144,278 2,150,347 1,445.443
“
M. 132,535 2,579,592 1,434.023
“
613.418
’70
141.500 1,627.653
“
’69. 116,724 2,249,512 1,069,380
819,747 14,728,917 9.459,812
Total Aug. 1 to date.
967,234 21,853,517 16,649,115
Same time 1873-74.
825.024 :.3.108,791 17,389,668
Same time 1871-72..
Same time 1870-71.. 1 ,206,346 17,053,239 12,376,628
Total
Previous week
might be made available to relieve our markets of their
surplus stocks of cottons at low prices, but without distributing
values for the domestic trade. This course has to be pursued in
other commodities and with the most satisfactory results, and
^resent
Oats.
Corn.
Barley
Rye
bush
bush.
bush.
bush.
(56
n.s.
(56 lbs. ) (32lbs.) (481bs.)
Wheat
Flour.
bbls.
bush.
(196 lbs.) <601bs.)
.
.
67,502
576,923
433.759
769 047
598,651
523,185
93,210
184,015
405.197
81,524
81,838
964,004
786,878
815,258
6,080,886
5,583,044
5,433,242
9,866,385
113,830
1,061,191
1,577,450
sustained.
of
in any lines of domestic cotton goods, and the market is
steadier in first hands with increased demands from the jobbers,
regard the situation as more favorable for an advancing turn
further decline, and are therefore willing to
operate a little more freely. The demand from retailers jn the
interior is also on the increase, as their wants are becoming more
pressing, but they are deterred from entering very heavily into
speculative purchases by reason of the irregularities which still
exist in jobbing prices on brown and bleached goods. There have
been few quotable changes since we last wrote, hut sales are fre¬
quently made under rates for the purpose of increasing the demand,
a result that is very doubtful of attainment.
Canton flannels con¬
tinue to sell fairly, and prices rule as steady as previously noted.
Prints are selling moderately, the demand being chiefly for dark
effects and fancy styles. Very few quotable changes have occurred
since our last. Colored cottons are quiet, and without alteration
who
in values than for a
Chicago,
Detroit, Cleveland, St Louis, Peoria and
Duluth, for the week ending Sept. 26, 1874, and from January
to Sept. 26:
Rye.
Milwaukee, Toledo,
Corn,
bush.
Oats,
Barley,
bush.
bush.
1.345,132
668,769
1,640,608
830,504
471,264
524,635
1,604.107
1,477.567
1,852,309
958,532
45,417,596
39,041,539
3,002,779 14,768,680
3,320,614 28,107,320
1,217,036
1,397,868
549,797
493,929
Wheat,
Flour,
bush.
bbls.
Weekending—■
Sept; 2ft, 1874
137,973
109,207
Sept 19, 1874. ..
Corresp’ng week 1873 167,501
Corresp’ng week 1872 166.675
Corresp’ng week 1871 132,122
76,730
Corresp’ng week 1870
Total Jan. to date., 4,188,424
Same time 1873
.4,565.133
'
‘
'
Same time 1872
Same Ume 1871
bush.
14,090
4,640
48,570
23,686
67,480
55,927
64,693
74,675
391.729
197,297
447,644
301,580
679.723
405,943
576,753
273,420
12,894,967 1,618.802 2.483,816
16 671,241 2,148,401 1,032,785
12,266,888 2,137.301 844,525
37,263,652
37,593.287
55,140,494
41,124,829
12.161,141 2.270.6 6 1,055,070
RECEIPTS OF FLOUR AND GRAIN AT 8EABOARD PORTS FOR THE
WEEK ENDING SEPT. 26, AND FROM JAN. 1 TO SEPT. 26.
New York
Boston
Portland*
Montreal
Rye*
bush.
319,135
60,487
5,500
1,200
107,100
19,600
7,144
53,387
5,330
12,000
13,900
1,683,890
520,166
431,418
62.317
643.610
16,041
1,842
1,435,460
514,872
324,605
500
100
hush.
bush.
68,523 1,563,073
48,8J9
41,520
5,550
187,152
24,582
If 66 )
58,100
27,164
115,00)
3
10,205
949.022
1,964.828
1,077,256
189.018
224,526
218,024
*
Philadelphia
Baltimore
New Orleans
204,502
Total
Previous week
Week Sept. 12
Ween Sept. 5
Cor. week ’73
•
•
58,975
8,000
•
.
.
m
.
,
36,900
21.600
2,859
lines of the
800
....
1,600
2,000
.
-
•
...
cassimereB is not
100
fair request, and rule firm. The lower
shaded to sell.
grades of cassimeres are dull, and would be
Worsted dress goods are mqeting ready sale at unchanged
....
figures.
Shawls are going out slowly, and only the most popular makes
are firmly held.
Hosiery is quiet in first hands, but a fair trade
is reported in a jobbing way.
Flannels and blankets sell moder¬
ately, the demand being restricted to the small lots necessary to
re-assort jobbers’ stocks. Repellants are jobbing fairly.
4.225
11,100
32,674
13,000
834,931
1,271.048
689.871
828.681
1,547.763
465,284
6,416,681 27,245,200 33,565,117 14,008,308
752,505
726,344
6,590,905 29.034,450
5,423,802 12,535,696
Worsted coatings and
altogether satisfactory.
suitings are in very
1,000
403,023
583,619
351,945
771,253
42,074,615 14,036,869
37,630,007 16,897,584
57,194.028 16,964 757
1,432,261
229,997 2,679,125
Total Jan. 1 to date.. 7,572,675 47,537,512
Same time 1873
Same time 1872
Same time 1871
Oats,
Corn,
bush*
—
Woollen Goods.—The market is steady on all
better grades of woollens for men’s wear, and a
moderate demand is experienced, though the movement in fancy
Domestic
bush.
Wheat,
bbls.
prices.
in
Bariey,
Flour,
At—
changes
to note
319,211
549,105
418,957
2,031,659
2,654,96? 1,271,637
Flour and Grain from the ports of
Cotton Goods.—There are no important
Domestic
Estimated.
Shipments
like the
outlet in that direction, which in an emergency
to find an
WEEK ENDING
RECEIPTS AT LAKE AND RIVER PORTS FOR THE
[October 8,1874
CHRONICLE.
.THE
358
-
t
Estimated.
Foreign Goods.—There is but little doing in
the interest in the foreign goods trade is mainly
first hands, and
centered in the
I auction houses, which are doing a brisk business. Several large
The Visible Supply of Grain, including the stocks in special sales of dress goods, millinery goods and trimmings, and
granary at the principal points of accumulation at lake and laces have been made by order of prominent importing bouses,
seaboard ports, in transit by rail, on the Lakes and on the New and the result has been satisfactory, all things considered. The
York canals, was, on Sept. 26,1874:
imports are considerably below former years, but the supplies are
Barley. ample for current use both in first and second hands.
Wheat
Oats,
Corn,
bush.
bush,
hush.
hush.
The importations of dry goods at this port for the week ending
528
138,727
1,721,239 1,562,039
In store at New York
Oct. 1, 1874, and the corresponding weeks of 1873 and 1872,
20,500
62,000
21,500
In store at Albany
1,476 have been as follows:
57,685
109.065
In store at Buffalo
134,762
462,437
1,072,926
In store at Chicago
ENTERED FOB CONSUMPTION FOR THE WEEK: ENDING OCTOBER 1, 1874.
79,471
5,163
8,478
*
In store at Milwaukee
In store at Duluth
In store at Toledo 19fh
In store at Detroit
In store at Oswego*
In store at St. Louis
In store at Peoria
In store at Boston
In store at Toronto
In store at Montreal, 15th.
In store at Philadelphia*
Ini store at Baltimore*
....
Lake shipments.
Rail shipments
On N. Y. Canals
9,675
“
“
*
“
“
“
.
m
m
•
•
•
•1872
•
1,290
67 539
25.000
142,693
25,000
41,085
139.791
68.974
120,402
146.517
1,793
3,518
5,800
108,917
80,000
20,351
90,316
....
138,117
13,144
72.099
0
e
0
1.220
75.000
45,000
252,537
5,000
216,707
1,112,388
1,269,370
422,633
59,698
63,355
8,280,625
8,542,597
5,612,076
5,939,879
5,767,478
Sept. 12/74 7,754,872
Sept, 5/74 8.375,424 6,435,451
Sept. 27/73 10,668,609 12,233,020
2,281,377
1,678,326
1,610,255
1,792,604
2,357,309
Pkgs.
.
159.610
175,000
1 878
*
Value.
>
Pkgs Value.
1,173 $487,785
9*0
263,403
....
12,194
145,000
176,887
631,613
37,156
.
Total
Total in store & in transit Sept,19,’74
“
%
85,017
•
•
604
218,099
174.898
1,109,717
do
do
do
Total
Add ent’d for
wool.... 1,251
cotton..
dry goods.
$579,314
Friday, P. M., Oct. 2, 1874.
activity during the past week, partly
from the increased retail distribution in the interior, which has
The im¬
resulted from the return of clear and cool weather.
There has been more
directly, however, to the
greater confidence in the stability of values that has gained
ground among buyers. The Treasurers of the different man¬
ufacturing corporations, to whose meeting we alluded in our last
report, have decided to curtail the production of cotton goods one
Manufactures of
do
do
506
wool.,
general approvaf among man
will join in the movement. The
necessity for this action is to be regretted, but as it exists the
means for relief that have been adopted will probably prove the
most satisfactory that could be adopted. Our export trade in
cotton goods has been allowed to run down until we are unable
ufacturerei, nearly all of whom
THE
67
94.435
195
39,691
263
30,436
276
43,000
$416,422
1,211,383
2.124
3,738
$760,580
1,548.780
4,308 $1,627,805
5,862
$2,309,810
1,262
$1,087,634
1,509,512
$267,805
525
125,993
.1,059
40,323
.
3,046
987
324
196
780
145
73,107
:
92,245
2,596
$599,473
i.7,967
1,509.512
Total
94,027
95,854
99,573
333
246,464
656
252
104
.
$427,176
995
$ 214,867
327
319
7,967
cotton..
proved demand may be traced more
third, and their action meets very
3,733 1
63.433
52,235
55,451
231
,
m’k’t. 10,480 $2,597,146
silk
flax...
do
517,881
186,221
178,930
127,730
ENTERED FOR WAREHOUSING DURING SAME
THE DRY GOODS TRADE.
255,867
394
222
2.513
consnmpt’n
Total thrown upon
Estimated
$409,881
8AME PERIOD.
silk
flax
Miscellaneous
356,271
149,217
95,776
3,046 $1,211,383
7,967
L967 $1,509,512
Manufactures of
213,658
.
Value.
WAREHOUSE AND THROWN INTO THE MARKET DURING
WITHDRAWN FROM
555,393
309,034
222,246
158,500
,
969
865
683
752
469
$396,431
927
705
457
592
365
377.578
.
Total
4,000
•
.
i.
....
•
cotton.
509
silk....
flax.... 4,771
do
do
do
1874
Pkgs
2,432
.3,016
90
430
PERIOD.
606
288
174
$412,410
109.068
168.456
33.873
443
167
$911,884
1,678
$658,483
1.211.383
3.738
1,548,780
188,077
36,462
5,416 :$2,207,218
5,478 $2,123,267
10.563 $2,108,985
$249,91 T
94,678
185,871
92,000
We annex a few particulars of leading articles of domestic
manufacture, our prices quoted beincr those of leading jobbers.
Cotton Sail Duck.
and
Woodberry
Druid
Mills.
No. 0
43
No, 1..
41
No. 2
No. 3
...
.
35
No, 4
33
31
No 5
No. 6
No.7...#
39
37
....Mi..
29
No. 8
No. 9
No. 10
.
.
27
25
23
Light duck—
Bear (8oz.) 29 in..
do heavy (9 oz.)...
Mont.Ravens 29in.
do
40in.
18
SI
20
89
Ontario and Woodberry
USA Standard 23# in.
do
8 oz. 22
24
28
9 oz.
10 oz.
12 o*.
15 oz*
81
88
Ontario Twls, 29in.
do
36in.
98
do
do
do
do
II
Ex twlB“P#lhem V* II
October 8,1874/1
359
Shipping f) 2$ » keg..
Min. A Blasting
PRICES CURRENT.
HAY—
North
ASHES—
?ot..
,
BRE1DSTUFFS—See special report.
BUILDING MATERIALSB 'icks— Common hard, afloat
0
7 75
@ 14 00
28 (0 @ 52 00
'....A 140
1 10 @ l 35
Cement—Rosendaie.
Lime— Rockland, common
Rockland, finishing......
6 00
4 00
11
in oil
Rio Grande
Orinoco
California
44
44
Matamoras and Mexican....
Maracaibo
44
6,000 tons egg
25.000 tons stove....
8,000 tons chestnut
Liverpool gas cannel....
Liverpool house cannel
43
40
@
@
85
34
@
@
@
isx»
17k®
l«k®
isx
17X
20 @
20X
23
..gold.
Laaouyra
St Domingo
16
gold.
*
gold.
Savanllla ,
Costa Rica
COPPER—
15
@
19
gold.
16
gold.
16X0
Bolts-.
32
Sheathing, new (over 12 oz;
Braziers’(over 16 oz.)
30
Ingot, Lake
21)43
82
COTTON—Bee special report.
drugs a dyes—
Alim, lamp
Argots, crude
44
irgolB,refined
Cimphor, refined
oil, E.Llnbond, V gal. .gold.
...@
....0
36 50 @
....@
....@
8/X@
Castor
Caustic soda
Hhlorate potash...
44
44
Cochineal, Honduras
Cochineal. M exiean
Cream tartar
Cabebs, East India
44
4 95
44
44
Gambler.....
Ginseng, Western
Ginseng, Southern
6X0
44
5k@
...a
44
.0
18 @
...
gold.
fine
Llaoiifoe paste, Calabria
Licoricepaste. Sicily
Madder. Dutch..
Madder.Fr ench
29
25
7
Nntgalls,blue Aleppo
Oil vitriol (66
degrees)
„
gold. 7
Prnsslate potash,yellow
21X
0
2 50
60
Bhellac
gold
8odaash
8ngar of lead, white
Vitriol, blue,common..
@
2 12.X@
@
9k@
George’s and Grand Bank cod, new
Maekerel.No. I, HaUlax, old
Mackerel, No. 1, Bay
Mackerel,No.2, shore, new
Mackerel, No. 2, Halifax, new
FLAX—
North River
■
•
'
1
11 00
10 50
...
'
V A
15
15)4@
@
@
90 OO
@
@
a
12X0
....0
@
850
....
Tarragona
Ivtca....
Shelled
do
do
do
21)4®
@
gold
Western
OILS—
seed, crude
light
Menhaden, prime
Neatstoot
Whale,bleached winter
Whale, Northern
Sperm, crude
Sperm, bleashed
Lard oil. Winter
@
@
@
@
@
1 25
79
85
95
68
60
Linseed, casks and bbls
■
<
2 50
8 00
22
21)4
20)4
46
127).
80
86
1 13
@
@
•
Raisins, Sana less
do
Layer, new
do
Sultana
do
Valencia, new
do
Loose.,Muscatel, new...,
6X@
Cnrrants, new
Citron, Leghorn
Prunes, Turkish
Dates * • .««,■>.. ■
....*
iox@
Furs
Canton Ginger
avdlpes* V ht.bog
Sardines, V ar box
Macaroni, Italian.;
...
r qase.
cnr.
•
M!*
'
34
11
8
18 0
....@
18
7 25
24X0
26
15
14
0
11X0
12X
Domestic Dried—
Am»ie»*?Wte#(«rii.old;.-... •*■.-do
do
Southern, sliced, new
>v
,
quarters, new...
Peaches, pared, Georgia, new
do
do
N. Carolina, prime.
do
unpared, halves ana qrs...
Blackberries, new
Raspberries*new.--.
Cherries, pitted, new
Plums
................
GUNNIES,—See report under Cotton,
Nominal.
7X0
....@
16 @
25
@
8
6
19
26
6 @
9)4%
1°
jjl @
82
2i 0
7)
23
Nominal,
V bbl. 22 5Q A 22 75
66
19 00 @ 19 50
<4
Nominal.
•6
11 00 @ 13 00
44
13 00 @ 14 50
44
16 00 @ 24 00
_
V lb
Hams, pickled
Lard
RICE—
Carolina, fair to
Louisiana
prime
troin.
Patpa, in bond
gold.
Turtta,Island
St. Martin
Cadiz
Liverpool .various aorta
Crude
Nitrate soda
17)4
e
18k#
6k'@
6k@
Rangoon, in bond
Refined, puje
«*
*@
...
...
centrlf,..
N sack.
2 71
@
....
@
28
@
30
@
<a
1 65
@
’
t
........gold
•..., »••«,•....»..
M
12)4@
..
@
2^@
@
®
10)4
m
10)4
8X@
}«“
8k@
8)4@
Sk
cur.
@
85
M
@
§
Ex. fine to finest
choicest
Sup. to fine.
Extra fine to finest.........
Nominal.
@
48
@
60
@
90
@
80
@
48
®
83
HR
50
65
25
85
55
do
Ex.fine to finest
Oolong, Common to lair,***
do
Superior to fine
do
Ex fine to finest
do
Choicest.^..
Bone. A Cong.. Com.
to fair
8np4rto fine...
Ex. fine to finest
-v...........
C.cbarcoal
4 00
11x0
18X@
• • -
com.to fine......
Mannfac'd.ln bond, black
44
•*
13
„
▼
"
®
Medium
Common.
Am.Merino unwssbed
Cape Good
Texas, flue
Hope, unwashed
medium...
Zf££t
,
freights—
-
To LiVBBPOOl.'
V B.
Flour
2 85
gold.
Smyrna, unwashed
Heavy
•Oil
gooila. .w ton.
Corn.bHk A bgs. V l*u.
Wheat, bulk * ^»?9*4
Beet
* tc«.
*bbl.
Folk
0
18
0
@
47
47
43
55
88
88
®
57X
0
52
@
62
82
80
25
®
0
?0
H
82
82
15
0
0
0
22*
87
@
17
i
850
5
0....
86
81
28
@
I
88
35
20 0
80 0
@...
0....
5
40
80
—N
d.
8-16
*.
0
0
1 •
25 0
@
<%...
5S@....
40
8 0
2
0
d.
...
@2 50
@
r-—SAIT/'
..
2 0
2 00
S
8k®
gold, net
STB AN.—
ds. a.
1
,fo
75
25
bright work
2
@
it
work
California. Spring ClipFine. unwashed
Cotton
1 00
2t
wrprs. ^3.
:44
44
fillers. (3
Pennsylvania wrappers. *72.
Texas,
7S
7)4
2 87)4
55
0
@10 CO
8 50 @ f 00
»•
South
@
65
9 75
44
Plates.char. Terne
TOBACCO1,
Kentucky lugs, heavy
«
leaf,
44
Seed leaf. Conn. A Mass.,
Havana,
8H
gold.
...nominal 4|
Banca
Straits....
English
Plates.I.
» @ i20
70 @
88
•
•
do
do
Extra^Pulldjl
Beef hams, new
SALTPETRE^ ^
7.k«
...
fair
WOOLAmerican XX.
American, Nos. I A
American, Combing
A
PROVISIONS—
Pork, extra prime
Pork,prime mess city.
Beet, plain mesa, new..
Beef, extra mess, new.
@
iox@
us®
__
FRUIT—
n
Uncolored Japan,Com. to ialr
do
Snp’rtoflne
70
62
1 63 @ 1 65
1 93 @ l 95
118 @ 120
winter
Ski
Hyson Skin. AT wan., com. to fait.
do
do
Sup.to fine
do
Ex. fine to finest.. ...
do
@ 46 50
44
gall...........
Olive, m casks V
7)4§
9X®
:os@
...
TIN—
cur
7S@
Sup.fOfifcfi.s.
do
do
do
@ 44 00
....
8)4®
Ex. fine to finest.........
Choicest... ....
do
no
best quality... fMb.
City,bag...
lit
Imperial. Com. to fair
88
36
Princess
OAKUM, navf to
OIL CAKE—
Cotton
@
@
@
7K@r
5X9
aunpowder.com to fair..
7 25
9)4@
1 75
@
...
12S®
Bnper.to fine
do
do
do
97)4
59
00
75
50
@
10 @
15 @
@
2 90
14
Vft
do
Haperiox.to fire.
Extra fine to finest
do
Yonng Hyson. Com. to faR*
8
Aimonds.Languedoc
....
5 75
8 15
IS
@
2
4
2
5
@
@
Grenoble
do
Pecans
Peanuts. Tennessee
do
Wilmington
do
Virginia
@ ....
@ 12 00
@ 11 00
@
....0
*...0
6 50
Walnuts, Bordeaux
do
Naples
do
17
pale
@
210
1 07)4
&
9)4@
B
Hyson, Common te
2 75
2 62)4
@
\W%
pale
extra
17
.
Prime city, V
Western, lift
TEA—
@
@
@
@
TALLOW-
&
3 00
5 50
8 55
825
@
@
@
2 08
1 11
white
do
Manila
2 62)4 a
No. X
No. 2.
“
Refined—Hard, crushed
Hard, powdered
do
granulated
@
@
a
cur.
Hav’a, Box.D. S. Nos.',@9
do 10@12
do
do
do
do
do 18@t5..........
do 16<ai8
do
do
do
do
do 1P@J0
.
Yellow
do
Other Yellow
87
44
Melado
at
@
....
«
gold——»
@ 15 00
spring.
American German
46
40
45
@
V gal’.
44
44
SUGAR—
Cuba,ini. to com. refining..
do fair to good refining
do prime, refining
do fair to good grocery
do pr. to choice grocery .,
do centr.bbds. A bxs. No. 8@18..
Molasses, hbds A bxs.
Barbadoes
STUPES—
3 85
.3 75
3 45.
8 15
American machinery
@
@
75
73
.
Vi*
American blister..,.
American cast, Tool
American cast spring
@
V gal.
MS
25
f
S6
38
...........
stems
87
do
Barcelona
Brazil nuts
37X
i.
Porto Rico,refining, com- to prime,
do
grocery, fair to choice..
Brazil,bags, D. S.Nos.«@U
Java, do. D.S., Nos. 10@12
..
_
42
96
12
@: 1 25
@ 1 16
t®
13X
@
45
Nutmegs, Batavia and Penang
Pimento, Jamaica
do
26K@
Filberts, Sicily
15
6 62)4
6 12)4
8)4%
8>i@
NUTS—
8X
7X
Calcutta
Mace..........
Cuba, clayed
..
cnba, centrifugal and mixed
Cabs, Muscovado, refining grades.
do
do
grocery grades,
**
28
Ginger African
English German,2d A 1st quality....
25 00
37 00 @ 3i> 00
Store Prices, cash.
140 00 @145 (0
@
22)4
@
@
@
.@
English, cast ,2dA1st quality
f ft
English, spring,2d A 1st quality
English blister, 2d. A 1st quality......
English machinery
@31 00
@ 29 00
3.3
23
82
@
@
STEEL—
@
@
25
22
Batav^a^
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix,?d proof.
Gin,Swan and Swallow
Domestic liquors— Cash.
Alcohol (88 per ct) C. A W
Whiskey.....
A
<a 27 00
pipe..discount 10 V cent
do
22
21)4®
Cassia, China Llgnea
do
@
.@
....@
,...@
....@
gold
do
cut loaf
Soft white, A standard
do
do
off A
White extra C
44
86X
0
id”
12 X@
.. •
5 37)4
5 26
5 00
@
@
white.....
do
*
44
discount 10 w cent
6 28
car.
Singapore
do
SPIRITS—
29 00
27 no
@
62)4®
gold.
<a
@
4
4 00
4 12
Domestic
Cloves
43
5 50
,V>
Foreign
@,
”il
...
SPELTER—
@
@
....
....
Canton, re-reeled No. 1
18
18
N 100 lbs, gold
Tsatlee, Nos.l to 4
Tsatlee, re-reeled
Taysaam. Nos. 1 A 2
18
English
44
5 03 @ 6 00
14 00 @ 16 00
...»
23.
@
<a
44
1 54
1 60
19
2 37)4
19)4
10
25
@
12
Spirits turpentine..
.V gall.
Rosin com. to good strain’d V bbl.
FISH—
Mackerel, No. 1, shore, new
18
....
18
Tar, Washington
Tar, Wilmington
Pitch, city..,..,..
614
l 60
2 50
l 25
l 70
69
21)4
Bavarian
NAVAL
24X
7
@
@
15
12
Demerara
Porto Rico
N.Orleant good to prime
do
choice
3
26
90
5 00
46
43
33
9
25)4
1934a
„
81X0
Quicksilver
gold
@
Quinine.....
car. 2 45 @
Rhabarb, China,good to pr....V ft.
8c @
_8al soda, Newcastle
gold 1 67X0
V B
LEATHERHemlock. Buen, A’res, h..m.&l.cur.
44
••
California, h., m. A 1..
44
Orinoco, Ac., b., m. A1. 44
44
rough
44
Slaughter crop
*4
Oak, rough,..*......
44
Texas, crop
.
44
Molasses—
2%
@
3 @
25
24
22
....a
10)4
@ 2 90
@ 1 85
@ 205
@285
2 75
1 80
SILK—
do
0
@
Belgian
Ordinary foreign
8
23
3)
@
0
«X@
14k@
gold
44
Opium,Turkey,In bond
@
“
cur.
dye,*good A
83
31
33
....0
42 @
40 @
....0
8 @
44
Catch
@
@
@
2 k®
22 X®
28 @
....@
5 00 «
gold.
krsenlc,powdered.....
44
Bicarb, soda, Newcastle
44
B1 chro. potash. Scotcb
44
44
Bleaching powder
Brimstone,crude, in store....
4*
Brimstone, Am. roll
Vn.
19)4
....
V B.
Timothy
Hemp, foreign
Flaxseed, rough
Linseed,Calcutta V 56ibgold (time).
Pepper, Sumatra
@
@
@
@
Domestic
Bar
Sheet, and
19
19
26
25
25
Clover, Western
SPICES—
LEAD—
19X
17X%
14)4%
65;
5k
@130 00
Hoop
97 50 @155 00
Sheet, Russia, as to assort
gold.
15 @
15)4
Sheet, single, doable A treble, com.
5
4>4@
Ralls, new, English
gold 50 00 @
Rails new. American
@
60
57 00
CO
27
@
00
?6 @
....
Scroll
....
17X®
gold.
00
00
00
8X0
4*
Bar, Swedes,ordinary sizes
....
@
@300
@200
@230
@290
8x@
—
Pig, American, No. 1
Pig, American.No.2
Pig, American Forge
Pig, Scotch
6 05
5 00
19
65
....@
gold
44
American crop of 1873
American crop of 1812
14X
5 30
5 27X
gold.
••
^
HOPS-* .
American crop of 1874
C OFFEE—
bags
44
Calcutta, dead green
Calcutta.buffalo
14k
5 17X®
5 22X0
5 35 @
6 02X@
4 95 @
1100 @
18 00 @
60@90days, gold.
gold*
do
do
gold.
do
gold.
44
44
44
Jt.I.aiock—CalcuttaVlanglit..’.
IRON-
Scranton, Sept. 30:
6,000 tons steamboat..
15,000 tons grate
.
California’.*V.V.V.V.44
28 @
14
13
“
44
TF«t Salted—Buenos Ayres
1 85 @
fine
44
44
Matamoras
Bahia
Auction sale of
do fair,
do good,
do prime,
Java. mat> and
Native Gey Ion
M&racaU o
44
Babia.
@
@
COAL-
Lao
44
Dry Salted—Maracaibo
Chili...,..,...
Pernambuco
11«@
23
44
Corrientes
PofU
25
25
285 00
gold
Montevideo
O 1EK8K-
Rio, ord. cargoes,
4*
44
44
44
'
B7TTER— (Wholesale Prices)—
State factory, good to
State dairies, fine
....
gold. 225 00
Dry—Buenos Ayres
7. 0
Half firkins (Eastern.;
Welsh tubs,
44
Half firkins (Western)
Welsh tabs
44
@
HIDES—
.....
Lead.wh., Amer.,pure dry.
Zinc, wh., Amer. ary. No. 1
Zinc, wh.. Amer., No. 1, in oil
Paris white. English, prime
250 30
Sisal
29 00 @ 85 00
Whitep)nebox boards...
..,.20 00 @ 25 00
White pine merchan. box boards. 24 00 @ SO 00
Clear plile.
«5 00 @ 75 00
Oak and ash
50 00 @ 60 00
Bluckwivlnut
100 00 @130 00
Borneo boards & planks
22 00 @ 26 00
Hemlock boards A planks
.....
18 00 @ 21 00
JFrfl9-10@60d.rotn, fen A sh.V keg 3 65 0 3 75
Clinch, 1 to 8 In. A longer
5 50 @ 6 50
Sdflne
Cut spikes, all sizes
J* UtU8-r Lead, white.Am, pare,
60
....
Jute
160 0 185
L 'iniber— Southern pine
new.
Italian
Manila
12 OD
...
River.shipping,
Russia, clean
2 SO
Croton
@
4 25
8 75
@
HEMP AND JUTEAmerican dressed
American undressed
6X0
.
Philadelphia.
SEED—
GUNPOWDER—
QBHBBAL
0
0
0
4 4
41
THE CHRONICLE
360
Financial
Commercial Cards.
Everett & Co..
66
State
Street, Boston,
Aug. J. Brown & Son,
HEARD
Sc
SPECIAL ATTENTION GIVEN TO THE
TION OF
cliandize.
COMMISSION
48 South
Hilmers
Street, New York,
Sc
CO.,
VALPARAISO, CHILI,
PREVOST
Messrs.
Sc
CATEB, SONS Sc CO.,
Messrs. JNO. W. CATER Sc
W. O. 8UKLDON,
LKONABD,
GKO. R. HOWKLL.
Leonard, Sheldon &Co.,
BANKERS,
CO.,
chandise to the above houses.
Messrs. Prevost & Co., Iquique, are
prepared to give
Special attention to everything connected with the
porohase and shipment of
Agency and Correspondence of Private Firms
Banks, Corporations and Individuals solicited and
interest allowed on balances.
Collections made and purchases and sale of Gold
Exchange. Stocks, Bonds or Securities of any kind
carefully attended to.
Loans negotiated and Commercial Paper bought and
sold on commission.
We are also prepared to execute orders at the Cotton
H.
YORK*
Day &
Soda.
COMPANY.
&
PACKED
LARD
PURE
ALL
FOR
CLIMATES.
OF LARD OIL AND STEARINE.
Smith, Baker & Co.,
COMMISSION
MERCHANTS
Yokohama and Hlogo,
Japan.
REPRESENTED BY
66#
W.
Pine
Accounts received, and interest allowed on deposits
according to the nature of the account.
Special attention paid to investment orders in Stock s
Advances made on the same if desired.
and Bonds
ALBERT F. DAY.
JOHN G. STORRS,
Member of N. Y. StocK Exchange.
Davidson &
Street,
York.
New
SUPER-CARBONATE
59
and
of
SODA
AND
No. 11 Old
Deposits received, sub=
sifirht, on which 4 per cent interest
allowed.
COMMISSION
RANKERS,
16 Wall
Co.,
INTEREST ON DEPOSIT8
SECURITIES,
P. O. Box,
New York.
1272.
Refers
by permission to
MESSRS. W. S. NICHOLS
& CO.,
Co., of China,
Wall St., New York.
Wright, Bliss & Fabyan,
street,)
V
NEW YORK.
street,)
100 Summer street
J. Hickling & Co.,
FOR
Bates Mfg. Co.,
Androscoggin Mills, Laconia Co.,
Continental Mills,
Franklin Co.,
Mfg. Co.,
Otis Company,
Columbian Mfg.
Warren Cotton
Co., Cordis Mills,
Mills, Thorndike Co.,
Mfg. Co.,
Rockport S. Mills,
Palmer Mills,
Boston Duck Co.
Company Hosiery,
Lowell Hosiery Co.,
Troy Manufacturing Co.,
ORIENTAL
PRINT
WORKS,
BANKERS,
47 Wall street. New York.
Lapsley & Bazley,
BROKERS,
Forty-eight
Sent free to any address.
pages
STOCKS
74
Tumbridge & Co.,
BANKERS
39 AVall
AND
Buy and Sell Stocks -on Margins or for Cash.
negotiated at the lowest
market rates; $50 for 50 shares, $100 for
100 shares. Thirty-two page explanatory pam¬
phlet mailed on application.
7 to
12
AND
PRIVILEGES,
Broadway,
New York.
$100 per 100 shares for Puts or Calls.
$•250 to $400 per 100 shares for Double Privileges.
BROKERS,
Street, New York,
PUTS and CALLS
Pepperell Mfg. Co.,
McKim Brothers & Co.,
all parts of
days, $21 24 ; Puts and Calls, $10 65.
“
THE ART OF SPECULATION
PHILADELPHIA.
AGENTS
(ESTABLISHED 1865.)
GOLD and STOCKS bought and sold EXCLUSIVELY on Commission, on TELEGRAPHIC or personal
orders. Commissions 1-16 of 1 per cent. MARGINS
TEN per cent on Gold and TWENTY on Stocks.
Gold orders executed lu the Board in person.
Europe and British Dominions. Securities negotiated.
Double Privileges on ail active stocks, 10 shares, 80
BOSTON
241 Chestnut street
Broker, 78 Broadway.
12 Broadway & 11 New Street, N. Y.,
Issue Drafts and make Collections m
OLYPHANT Sc
John A. Macpherson,
Banking
MERCHANTS,
by
STOCKS, BONDS AND GOLD.
Alden Gaylord,
MISCELLANEOUS
Street, New York,
BUY AND SELL, STRICTLY ON COMMISSION
STREET,
33 WALL STREET.
&
Represented
104
WALL
of “ Local Securities'’ in this paper
Lawrence Brothers & Co.
Business.
J.
Hone Kong, Shanghai, Foochow Sc
Canton, China.
See quotations
Francis T. Walker & Co.
—lO
Stocks,
Specialty lor 18 Years.
Stocks carried on margin.
jeot to check
Slip, New York.
Olyphant
Otis
and Gas
BUY AND SELL STOCKS, GOLD AND GOVERN¬
MENT SECURITIES ON COMMISSION.
The Jopoing Trade ONLY Supplied
Renfrew
City Railroad
Wall Street,
61
OTIS,
PLACE,
47 EXCHANGE
BANKERS,
Transact a General Stock Commission and
SALERATUS,
Putnam
CHARLES
CORLIES,
MANUFACTURERS OF
and
117 & 119 Duane
Jones,
A. B.Lounsbery,
U.J.Morsk,
Member N. Y. Stock Exch. Late Cash. Devoe Mfg Co
Fbanois T. Walker, Special. Jostah B. Gbkenman.
JohnM. Clark, Member of Stock Exchange.
John Dwight & Co.,
71 A 73 Thomas
New York.
STREET, NEW YORK.
WALL
NEW YORK.
ESTABLISHED 1841.
J. Morse & Go.,
66 BROADWAY & 19 NEW STREET
.
PROVISION DEALERS AND MANUFACTURERS
E.
16
Exchanges.
BANKERS,-
Storrs,
BANKERS,
JEWELL,HARRISON
STREET.
WALL
The
'
NEW
Peet,
STREET,
WALL
10
No.
&
RANKERS
GENERAL COMMISSION-MERCHANTS
and Produce
Consignments of approved mer¬
of
'
AND
LIVERPOOL, ENGLAND
Nitrate
Robb
AND GOLD
58
CO.,
of Cuba
specialty made of attending to the business of
Banks, Bankers and Merchants out of the city.
A
mercial bills.
LONDON, ENGLAND,
Advances made on
their correspondents in all the principal ports
(P. O. BOX 2,847.)
IQUIQUE, PERU,
Messrs. JNO. W.
PROMPT COLLECTIONS MADE ON ALL POINTS.
Deposits received subject to check at sight, and in¬
terest allowed on daily balances at the rate of four
per cent per annum.
Liberal advances made on smpments consigned to
Street, New York.
Special attention paid to the negotiation of Com¬
W. B.
LIMA AND
IN
FOREIGN EXCHANGE
54 Wall
KENDALL
McGowan,
BROKERS
AGENTS FOR
Messrs.
&
MERCHANTS,
NEGOTIA
SECURITIES.
RAILROAD
Chauncey,
Sts., N. Y.
Liberty Street, New York.
CO.,
consignments of approved mer
Fabbri &
BANKERS,
Cor. William Sc Pine
OF CHINA AND JAPAN.
on
Duncan, Mathews & Co.,
BANKERS,
59
Advances made
Financial.
WALSTON H. BROWN.
AUGUSTUS J. BROWN.
AGENTS FOR
AUGUSTINE
[October 3,1874.
pamphlet on Stock Privileges,
Wall Street.” to be
News Stands, Fifth
Avenue, Windsor, Gilsey or Grand Central Hotels.
Price, 90 cents. JPrivilegea are becoming more popular
every day. We refer by permission to Messrs. Scott
Strong & Co., Messrs. Van Schaick & Co., James
A
comprehensive
“
How Money Is Lost and Made in
had of Brentano, 33 Union Bquare;
Struthei s, Esq.
Per Cent.
We make a SPECIALTY of County. City and Schoo
District Bonds GUARANTEE LEGALITY of all
bonds sold, collect the coupons without charge, or
take same as so much cash ou sales. HT Send for
Henry Lawrence & Sons,
price list.
MANILA, SISAL, JUTE Sc TARRED
THE LAW
OF MUNICIPAL
BONDS
just published by our senior, should be In the hands
of all interested in this class of securities. Two Vol
umes,
manufacturers of
CORD
AGE,
FOR EXPORT AND DOMESTIC
price $10.
W. N. COLER Sc
CO., Bankers,
17 Nassau
St., New York
GANGS OF
USE,
RIGGING MADE TO ORDER.
192 FRONT
STREET
NEW YORK,
@FedFRASER