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HUNTS

MERCHANTS*

ft

MAGAZINE,

UktMjrape*,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES,

VOL. 29.

SATURDAY, OCTOBER 4, 1879.
cle of

CONTENTS.
THE

344

ernment

Financial Review of September... 345
THE

United States Treasury Statement 346
The Debt Statement for Septem¬

346
ber, 1879
Imports and Exports for August.. 347
Latest Monetary and Commercial
English News
348
Commercial

and

Miscellaneous

News

34g

BANKERS’ GAZETTE.

Mbnev Market, U. S. Securities,

I Quotations of Stocks and Bonds.. 354
Railway Stocks, Foreign Ex| New York Local Securities
355
change, N. Y. City Banks, etc.. 351 I Investments, and State, City and
j Corporation Finances
356
THE COMMERCIAL TIMES.

Commercial
Cotton
Breadstuff s

Epitome

365

359 I Dry Goods

.:

359
364

.

Prices Current

366

£ke Chrmticle.
The Commercial

and

Financial Chronicle is issued

on

Satur¬

day morning, with the latest news up to midnight of Friday.
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Street, where subscriptions will be taken at the prices above named.
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WILLIAM B. DANA Sc 00., Publishers,
79 & 81 William street, NEW YORK.
Post Office Box 4592.

A neat file-cover is furnished at 50 cents; postage on the same is 18
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For a complete set of the Commercial and Financial Chronicle—
.

July,
1865. to date—or of Hunt’s Merchants’ Magazine, 1339 to 1S71, inquire
at the office.
THE WEEK'S MARKETS.

The Government did not

fully complete its settlements
purchases last week, as it anticipated, the iinal
arrangements having been delayed until the present
week. Consequently, the severest strain on the money
for bond

market
The

was not

felt until the first of October.

higher rates for money have, however, had no
effect on prices in Wall street. Every one understands
that the Government settlements were the cause produc¬
ing the change, and that from this date the movement
will be in the opposite direction, for the large balances
drawn in to pay for the unpresented bonds, now believed
to be 20 millions and upwards, must gradually be re¬
turned to the hanks. This source of supply, together
with the interest payments and foreign gold arrivals, are
looked upon as pretty sure guarantees of an undisturbed
money market during the fall months.
Consequently
the stock speculation has continued to progress, nothing
being so nearly worthless as to put it outside of the cir¬




purchases.” The general feeling
dizzy maelstrom is at present that this tide
will never ebb.
Such a belief finds its support in the
assurance that every railroad is now to become a through
route and to contribute to every other road sufficient
business to make it pay large dividends.
Of course,
there are to be no more harvests in Europe, and the
United States has a corner on every description of
food, &c.
The basis for the recent advance in wheat and in
breadstuffs is found in the

of exports

of late. The
brought down to the 27th September,
and embrace some really notable figures. For instance,
the exports of wheat from the principal Atlantic ports
statistics

course

are now

of the United States and from Montreal for four weeks

ending September 27 were in round numbers (including
wheat) twenty-four million bushels, or
a million bushels each business
day. The exports from
the same ports for the thirteen weeks ending September
27 were about 60 million bushels, or at the rate of 240
millions per annum. The exports for the year ending
September 1, from the same ports, were 140 million
bushels, or at the rate of less than twelve million bushels
per month.
Still, a comparison with former seasons has
little or no significance. The question now is of supply in
relation to demand. The large exports in September were
mostly of wheat contracted for at lower prices in August.
It will require some time to develop how far the higher
prices recently made have checked exports. Some appear
to think that it is the poor condition of wheat iu West¬
ern Europe,
and not the deficient quantity, that has made
the demand so urgent. If this shall prove true, the
more prudent will have additional reason for caution,
fearing lest speculation will check exports. We have a
large surplus to dispose of, and stocks should not be
recklessly accumulated.
The movement in Rio coffee at the ports of the
United States for the month of September, just closed,
was the
largest ever recorded, amounting to 272,G#0 bags.
The sales for the past three months are
644,632 bags, and there has been an advance in the
past sixty days of two cents per pound, quotations for
fair cargoes rising from 13J to 15£ cents. This advance
is in some degree based on the prospect of diminished
supplies. The crop year ends July 1, and for the season of
l S79-’80 the total supply is estimated at 3,500,000 bags,
against 4,000,000 bags for the previous year. But the
flour reduced to

TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:

william b.

“ desirable

inside this

CHRONICLE.

The Week’s Markets
341
Effect of Prices on Onr Foreign
Trade
312
Russia in Central Asia—A New
Commercial Highway
343
..
Railroads and the General Gov¬

NO. 715.

most effective stimulus to the

increased movement and

higher prices has been found in the restored confi¬
States, and the indications on all
sides of an increased home consumption, the result of

the

dence in the United

342
~

THE

CHRONICLE.
-;

-

•

■ ■;

1

[VOL, XXTT.
1
=3
feature of import*
.

purchasing power of the country. This feel¬ nificant fact, for it brings into view a
ing and the enlarged demand have resulted in our cutting ance which is developing out of the present situation,
loose from the comparatively stagnant European mar¬ though under the circumstances a very natural change.
kets, and even in giving a slight impulse to them. The It is the result of the rise in the prices of all manufac*
price of fair cargoes of Rio coffee one year ago was, tured articles, the inevitable action of a revival of
however, 17 cents per pound, or
cents above the demand here on values unduly depressed. Of course,
present price; from this figure a steady decline set in, this process has a tendency to stop exports, for it shuts
till the lowest prices in recent years were reached. The out foreign markets, and more especially at this time,
reaction that has taken place appears, therefore, to be a when Great Britain is ready to sell her goods at a lower
reasonable one.
price than ever before. To an extent, this was, as we have
Nearly all other markets have continued to share in said, inevitable; but it will shortly correct itself, so far
the general exhilaration prevailing, cotton and the cotton as it needs correcting, if the conditions of our trade are
godds trade almost standing alone with their declining in every way sound. The important question is, there¬
tendency. But even they have had their time during fore, how far is this to proceed ? Are we to settle down
late months, and every one expected large receipts of to simply good-paying prices, or is our currency so
cotton would weaken prices.
redundant and excessive that we are to experience a
great speculation, with constantly rising values and in¬
EFFECT OF PRICES ON OUR FOREIGN TRADE. creasing cost of production, making domestic exports
The monthly statement of our foreign trade to Sep¬ other than food more and more impossible ?
the greater

tember 1, issued this
and given in another

But there is another feature of the month’s trade
week bv the Bureau of Statistics
column, is interesting and sugges¬ figures calling for notice. The imports for August this
tive. We may, however, be misled by a too hasty review year were $12,819,371, against $36,954,681 last year, or
of it; for to read the figures correctl}7, or rather to an increase of about 6 millions for the month.
Of
draw from them their real teaching, one must look back course, this of itself is of no great moment. Every one
to the statements for the subsequent months of last would expect, after our long period of forced economy,
year, and modify them for present use by and accord¬ every description of^ stocks of goods would be reduced,

ing to the changing conditions daily developing in our and necessity for an increased supply be the gen¬
midst. In this way we may gain a sort of guide for eral rule.
Six millions a month would only be
regulating our opinions with regard to the future. We seventy-two millions a year, and with a favorable
do not, of course, assume any prophetic wisdom, for the balance the last two years on an average of about
dullest of our readers would make a better prophet 260 millions, we would still have, with all other things
than we ever shall; we would simply like each one to equal, a very large surplus. But we must remember
use the admitted facts to draw his own conclusions.
that these figures are for August and represent orders
But first of all, it is an undoubted truth which every of some months previous. Since those orders were sent
one recognizes, that this country is
in a most promising out, a very decided change has taken place. Prices in
condition. Even more than that can be said, for we the United States of foreign products as well'as domes¬
have passed the day of simple promise, and are now tic products have been rising almost daily. Teas, cof¬
actually realizing the first fruits of a renewed pros¬ fees, sugars, East India goods—in fact are we not within
perity. The excess of our exports over imports in bounds when we say nearly every description of foreign
August of more than 15 millions is evidence of this. merchandise—have very decidedly advanced, and we
To be sure, last year the excess was 22 millions, but the have become the best market in the world for almost all
previous year it was only about 3 millions, and in nearly of these articles. Our latest English exchanges are
every other year in our history the August trade balance drawing their main comfort out of the large recent
has been an adverse one.
But we can see it even more orders from this side, and especially for Indian produce,
clearly outside of these official figures; overflowing barns which are so decidedly increased as to give rise to specu¬
and granaries, met by an active demand from every quar¬ lation with regard to their effect on the silver market.
ter of the world, resulting in an enlarged capacity for con¬ These increased orders within certain limits are"not, as
suming manufactured products of every description, are we have already said,unnatural, and the movement would
the evidences of what the faces of our farmers and correct itself in a brief period if it were simply the result
business men everywhere reflect.
In the same connec¬ of a revived demand coming on small stocks. But the
tion we should not fail to mention the large daily arrivals question recurs once more, is that all it is ; or are we
of gold from Europe to settle the trade balances, show¬ entering upen a wild speculation of which our rampant
ing that our floating indebtedness abroad has been Stock Exchange is only the forerunner ?' At all events, it
largely paid, and that our demands on Europe for the would seem to be evident, as our trade is now shaping,
supplies she is receiving from us this year must be other¬ that before this year closes our monthly import tables
must show an increase over last year decidedly larger
wise met.
While, however, all this is true, there are certain indi¬ than is shown by the report now before us.
We draw no inference from the above except the
cations, and the monthly trade report just issued con¬
firms them, of a less favorable nature, not in the least manifest one that our trade balance this year must be in
alarming or even surprising, but to be recognized by any event very much less favorable to us than last year’s,
every prudent man as parts of the general situation. The notwithstanding the astonishing demand which has arisen
ix>tal domestic merchandise exports for August, it will be for our food products. This will be brought about by a
noticed, were this year $57,918,992, against $58,153,959 decreased export of manufactured articles and an
the same month of 1878. A difference so slight would increased import of foreign products. What will be the
not of itself be worth calling attention to.
But we must extent of this change, will, as we have seen, depend
remember that those totals include an increased move¬ entirely upon the speculative spirit which shall prevail
ment of breadstuffs and provisions this year over last here, for as it gains headway the conditions we have
year, and consequently a decided decrease compared with referred to must become more and more adverse. Our
last year in miscellaneous articles. This latter is the sig- readers, therefore, can watch the course of the markets




October 4,

1879.]

THE OHllONICLE.

and reach pretty safe conclusions as to the direction in
which the country is tending.

a

343

cordial

understanding between them. The interests
England and the interests of Russia, according to the
It is well, perhaps, for us all to bear in mind
Professor, are the same, but their spheres are apart; and
that another year there may be
important changes in it will only be by encouraging each other’s labor in &
our
trade relations with
Europe. It is possible friendly spirit that they will be able to accomplish their
that

country
there will then secure a
good harvest instead of the poor crops of the
present year, and it is only wise for us to contem¬
plate that contingency. We do not look upon it, how¬
ever, as any great loss to us if we only take such meas¬
ures as will
prevent the rise of a disastrous speculation
here.

every

Our

receipts of gold from Europe

may
and

be

our

-

of

-

task—--reclaim those desert lands from
barbarism, and
promote the advance of civilization.
He would hare
Russia and England shake hands,

-

forget the passionate
prejudices of the past, and, finding sufficient scope on
the plains and hills of Central Asia, furnish “
triumph- ant proof that true civilization consists in
co-operation >
towards

a

common

and sublime end

worthy of the It is probable that these wise and J
add to our already excessive
currency.
What we humane views are not largely shared by the Russianmust provide against is
any undue speculation which government or by the Russian people,
but it is something *
shall increase the cost of
production so that our goods to have them advocated from the Professor’s chair and ‘
and merchandise, to a greater or less
extent, are crowded under the very shadow of the throne. It is well known
out of foreign markets.
We could the last spring put that similar views are held and advocated
by many
down wheat at Liverpool cheaper than Russia
could, prominent men in England.
In a short time these
and make a profit on its
production. We could also thoughts will, we think, descend from the high
places
produce cotton goods and hosts of other manufactures and permeate all ranks and classes of the
people,
so that
at a price that would
give us a profit, laid down side by the day is not far distant when Russia and
England
side in India, China, South America, and
Australia, with shall live side by side as friends in Central Asia.
the same productions of
any European countries. Are
Furthermore, there are many indications that Russia
we to retain that
advantage, or shall we raise the^cost of in her Central Asian movements is influenced by
other
living here and of producing everything, until we find and nobler considerations than the mere desire to extend
ourselves substantially again shut out from
foreign her territory. It has long been a recognized fact of her
markets ?
policy to make a connection with Persia, in one direc¬
tion, and to make a connection with China in another '
RUSSIA IN CENTRAL ASIA—A NEW COM¬
direction; and in pursuing this policy she has been
MERCIAL HIGHWAY.
influenced mainly by considerations of trade. Shut out
Much has been made in some quarters of
the check from the wealth of Asia, so far as sea communication*
which the Russian troops have
experienced at the hands is concerned, it has been necessary for her to seek such*
of the Turcomans in Central Asia. There can be no communication
by land. Hence the various movements to*
doubt that they miscalculated the
dangers which they the south and east. Hence, too, her conflicts with thewere likely to experience in their march
through the wild tribes of Independent Tartary. In spite of all
region inhabited by these wild and daring tribes. It opposition, she has steadily won her way. Khokand
ban
would be rash, however, to come to the conclusion that
yielded; Khiva has been conquered and subjected to
because of the check, and because of the difficulties Russian
rule; and Bokhara has become submissive. The
which still lie in the way, Russia
will, for any length of Turcomans also will be compelled to give way; and
time, be hindered in carrying out her plans, and complet¬ Russia, mistress of the entire region of Central Asia
ing what she believes to be her destiny, in Central Asia. north of the Hindoo Koosb, will border China on the
It is unfortunate that the movements of the British
east, and Afghanistan and Persia on the south and souths
and the movements of the Russians, in that
region, west. There is no evidence that she has lost sight of hershould be the cause of so much mutual
jealousy. It is original purpose, trade, or that she is likely to rest con¬
all the more unfortunate that this jealousy
keeps alive tent with mere conquest. On the contrary, the signs of
the sentiment of mutual hostility, and, from the
very life are abundant; and it is evident that there is no¬
nature of the case, creates and fosters a world-wide
disposition to delay taking advantage, for commercial*
feeling of uneasiness and distrust. It is not denied by purposes, of the new regions which directly or indirectly*
any one, who is at all competent to judge in the prem¬ have come under her sway.
ises, that Russia and Great Britain have both a
Never before, perhaps,—certainly not since the
years-*
great mission to perform in Asia, and that so which immediately followed the Crimean war—have the?
far as they have been successful in the
accomplish¬ Russians displayed such a spirit for enterprise-enter¬
ment of their respective missions,
they have bene- prise with a view to commercial advantages. To begin
fitted the tribes which have been brought under their in the
west, a railroad has been projected to connect
influence, and, by so much, extended the area of civili¬ the upper and lower Caucasus.
By permission of
zation. It was natural that, the one
pressing from the Persia it is intended that this line or a branch of this
north and the other pressing from the
south, the two line shall skirt the southern shores of the Caspian and
should gradually approach each other; but it is not debouch in the
neighborhood of Herat. An expedition?
necessary that the success of the one should be viewed under the famous engineer Daniloff is now
surveying
by the other with jealousy, or that their gradual the region of the Caucasus with the view to a canal
approach should result finally in a deadly collision. connecting the Caspian and the Euxine. A submarine
This latter view of the general question has
recently cable is now being laid in the Caspian from Baku to
found an able and eloquent advocate in M.
Martens, the Krasnovodsk. Preparations are being made to make agreatest curse, if

we

allow them to

come

simply

nineteenth

century.”

•

well-known Professor of Public and International Law
in the

University of St. Petersburg. In his pamphlet
England in Central Asia,” he

entitled “ Russia and

considers the relations of the two powers in
of the globe, and eloquently pleads for the




connection between this cable and a wire which is to be
carried to Astrabad—a place within easy distance of

Teheran.

In the other

direction, there is to be a railroad
that quarter running from Orenburg to Samarcand. Thence to the
necessity of Chinese frontier will be a work of no great diffiL

344

THE CHRONICLE.

culty.

[VOL. XXIX.

By ceding Kuldja, Russia has paved the is evident that as soon as they feel it restricting them
way for the establishment of commercial relations they will try to break through it.
It must either be
with China; and as an earnest of her intentions she
in
very minute
prescribing exactly what they shall and
has made arrangements to establish a
shall
not
permanent con¬
do, or else must seek the object in another
sular service in the Chinese provinces which border on
way.
If the former, it must be utterly free from
Central Asia. Four agents are contemplated—one at
ambiguity, inconsistency, and omission; let there be one
Kuldja, one at Jchugutchuk, one at Kashgar, and weak spot in the network, and a legal coach-and-six will
another at Kobic.
soon be driven
through. But when did any similar
It is thus seen, not only that Russia will revolutionize
regulative statute succeed in making itself tight in every
and bring under subjection the whole of Central
mesh ? Take in illustration the
Reagan bill which passed
Asia?
but that by means of the canal which is to connect the the House of
Representatives last December. It pro¬
Euxine and the Caspian, and the railroad which, when
posed no supervision, provided no classification, named
completed, will run from the shores of the Caspian to the no rates; it merely enacted that all carriers of goods by
frontier of China, an entirely new pathway of commerce rail across State lines must treat all customers
alike as to
will be opened up.
In these great undertakings we charges, etc.; that no rebates or drawbacks shall be
cannot but wish Russia success.
The west and northwest allowed; that shorter distances shall not
pay more than
of China are but imperfectly known; and it is not
long ones in one continuous carriage ; that schedules of
improbable that this tapping of China in this hitherto rates and classifications, subject to change at five days’
untouched spot may not only give a new character to the
notice, shall be kept posted in sight. This was not a
whole of interior Asia, but hasten the advance of West¬
very minute regulative bill, but it contained features—
ern civilization, and
greatly add to the material wealth pointed out by us at the time and not worth detailing
of the world.
Nor need we, who have a growing inter¬ anew—which were not
only an unjust discrimination but
est in the development of Chinese trade, have
any jeal¬ nullified the whole thing.
ousy or any fear of Russian rivalry; for China is large
Take the alternative course of delegating the
regu¬
enough and rich enough to need outlets, east, south, lative work, with no more, detailed direction than that
_and west.
there shall be no discrimination practiced. This is what
RAILR OADS AND THE GENERAL G 0 VERN- the present California constitution attempts. It forbids
MENT.
pooling of earnings, unjust discrimination in rates, and
Last week we spoke briefly of the general
some other
things, and then provides for a board of
principles
involved in the proposition that
every troublesome three commissioners, chosen for four years by popular
problem should be taken up by the General Govern¬ vote and not to be interested in transportation com¬
ment, but did not have room then for discussing, on its panies, who, by a majority vote, shall fix, alter, and
merits, the recent suggestion that the trunk lines pre¬ publish, all transportation rates; shall examine books at
pare a suitable bill for railroad regulation, to be sub¬ will, with all the power of courts to issue process and
mitted to Congress after criticism by the
representative punish contempt; shall prescribe a uniform system of
commercial bodies in the seaboard cities
especially accounts and hear all cases of complaint, the Legislature
interested. The subject is really the
largest and most being also required to confer on the commissioners any
difficult one now awaiting settlement, and we can find further power found
necessary.
There may be a little
nothing more important for examination than the ques¬ revolt against the idea of clothing three men with such
tion whether the Government can
dispose of it success¬ sweeping and summary powers, but the plan allows no
fully. At the outset of the inquiry, it seems a mistake escape. Commissioners who lack power to execute as
in the plan that it proposes to leave out the
West, for well as direct, might as well stand by the roadside and
that section has the political power of the
country and make faces at passing trains as try to frame rate
will certainly not submit to have a matter like this schedules; the delegation of power must be
absolute, or
decided by the seaboard cities ; moreover, if the
it
is
Even
nonsensical.
if
there
were
no
prob¬
experience on
lem is to remain unsettled until the trunk lines and the the
subject, it would seem obviously impossible for Con¬
representative bodies who are to criticise it come to an gress, with or without the help of the trunk lines and
agreement, even the Darien canal is likely to be finished the commercial bodies, to frame a bill that shall embrace
before that settlement is reached.
every detail and meet every case, leaving nothing for
However, let these be viewed as minor difficulties, officers to do but to see it executed; there is no way but
and assume that agreement in preparing the bill is to be to set up an autocratic board of
managing commissioners,
easily reached. The objections to having Government who shall make the railroads obey commercial and moral
undertake such a work are so serious that, in our
judg¬ law. The proposal under discussion admits this, for it
ment, only a very great practical good, not to be secured is that there shall be a board of commissioners for regu¬
in any other way, can outweigh them.
Yet the- burden lating inter-State traffic.
of proof, it must be admitted, rests upon the advocates
Suppose we have our board of three. It is a new '
of such supervision.
The remedy proposed is unusual, triumvirate of autocratic managers, in lieu of the old
intrinsically objectionable, heroic, and very questionable one so long the object of popular fear. But we must
as to its
workings in several important respects; hence take facts as they are, and does anybody suppose the
they are bound to show, by reasonable probability and railroads to be regulated would keep aloof from the
inference, that it will be successful and that no milder regulators ? After the constitution was ratified in Cali¬
one can be.
They can have no standing in the court of fornia, it was freely charged that the great railroad in¬
intelligent public opinion unless they are prepared to terests of that State had secretly aided it all the time,
prove this; for if government intervention will not accom¬ on the theory that some sort of anti-railroad scheme
plish the object the fact is an unanswerable and crushing was inevitable, and that they could manage three men
objection. Bearing in mind this, let us examine thia more easily than a legislature. There is shrewdness in
their reasoning, though the charge be untrue. How is
question.
A supervision so satisfactory to the railroads that
they it possible not to see that any serious attempt to put this
do not feel it can be
satisfactory to nobody else; but it scheme into effect will inevitably pass through stages
«*-




f

THE CHRONICLE.

October 4, 1879.]]
•

'

'

"

■~1t~

'*"*"*"

First, concentrating in Washington all the
lobbying which has hitherto been scattered in several
States, the process being all the easier by reason of the
fact that a large number of Congressmen come from
States where no particular interest in the matter is rec¬
ognized ; next, that the railroads will see that all they
have to do is to “ manage ” two or three persons ; and
that, after the scheme is once put into law—and the
probability is that the lobbying in Washington would
emasculate it at the beginning—manipulation, outside
of the commissioners, will be resorted to for relief, in
case it should be found practically troublesome.
Aver¬
age men, and certainly the sort of men who usually get
position, would be won over. If such a representative
man and expert as Mr. Adams, above temptation, were
in charge, he would content himself with the focalizing
of intelligent opinion which he has found the most suc¬
cessful in Massachusetts.
The man who has given the
railroad problem the most study, and has had the most
experience in regulation of railroads, prefers moral
suasion, and says that railroads will not persist in wrong¬
doing after the wrong is demonstrated and public atten¬
tion is fixed upon the act.
The argument that government supervision of rail¬
roads would be successful, because supervision of bank¬
ing currency has been, is valueless, because it compares
two things which have no real points of resemblance; for
banking matters are far less complicated than railroads,
do not consist of monopolies, and involve no conflicts of
interests. Nor is there anything in the nature of this
government or in past experience to warrant any expec¬
like these

345

.T

:

tation that this scheme would

or

compared with the movement o^
in the advance of any article means

of merchandise, is not to be

to-day, when
a

a

every dollar
veritable dollar in gold.

With careful business men, whose views are not distorted by
too constant watching of the “ ticker,” the great buoyancy of

the markets is

regarded

founded in part upon a good basis,
depressed prices of 1877
and 1878 is believed to be fully warranted by the improved out¬
look in nearly all branches of business. On the other hand, i
is equally true that there is a rampant speculative spirit a
work which has been fostered by the immense advance already
obtained and by the fortunes thus made in the present year.
The movement in low-priced stocks and bonds at the Board
was a salient point in the stock sales.
The produce markets
were very active, and wheat was buoyant (with exceptional
breaks) on further reports of a partial failure of the crop in
England and on the continent. The iron trade was one of the
most notable for a large and rapid advance in prices.
Gold
imports at New York during the month amounted to about
$27,000,000, with a considerable amount afloat from London and
and

a

as

considerable reaction from the

Paris at the close.
The sales at the Stock
ever

Exchange

were

among

the heaviest

known, and the volume of business in railroad stocks and

bonds

was

immense.

The total transactions at the Stock

previous months,

were as

Exchange, compared with

follows:

June.

July.

August.

U.S. Goveram’t bonds
State bonds

$9,413,300 $13,286,200 $12,588,400

Railroad bonds

31,256,790

Bank stocks.. .sliares

Railroad, Ac.,

“

2,517,500
1,202
3,215,995

1,325,000
31,060,140
1,190
3,588,586

719,000
23,523,000

September.

$6,890,600
413,800
33,696,547

946

911

5,237,005

6,973,164

The

following summary shows the condition of the New York
Clearing House banks, the premium on gold, rate of foreign
exchange, and prices of leading securities and articles of mer¬
chandise, on or about the first of October in each year, from
1877 to 1879, inclusive:

could be successful.

STATISTICAL SUMMARY ON OR ABOUT

OCTOBER

1, 1877 TO 1879.

The absence of

proof is complete, and the presumption
1879.
1878.
1877
is heavily the other way.
Except its routine work of New York City Banks—
Loans and discounts
$ 260,763,700 246,322,500 241,847,800
courts, post office, and a few other branches of service
Specie
$ 20,017,400 18,199,600 16,652,300
Circulation
$ 21,531,900 19,617,800 15,724,400
government now does nothing but collect and disburse
Net deposits
$ 229,983,000 216,332,000 200,771,200
its revenues, and there is not one thing which it does
Legal tenders
$ 40,047,700 45,680,700 41,975,500
Surplus reserve (over 25 p.c.)$
2,569,350
6,797,300
8,435,000
well. As compared with private enterprise, its inef¬ Money, Gold, Exchange—
5® 7*
Call loans
3®4
4®7
5 a/6
6®7
4® 5 *2
ficiency is pitiable, and was always so, although in a Prime paper
100
Gold
100%
103*8
less degree formerly than now. Nobody expects it to
Silver in London, per oz
55
519ib
519,6
Prime sterling bills, 60 days.. 4 81 V4 82*2 4 80*4®4 81
4 81*4®4 82
do anything economically, sensibly, and well in the United
States Bonds—
105
111
108*4
6s, 1881, coupon
business sense; how preposterous, then, a proposition
123
122*2
6s, currency, 1898
119%
103
106*4
108%
5s, 1881, coupon
that the least intelligent and really the feeblest force in
105*4
10334
4*ss, 1891, coupon
106%
4s of 1907, coupon
10034
101%
the country shall be set to manage the most difficult of
Bail road Stocks—
119
New York Central A Hud. Riv.
11334
101%
practical problems. The case is one where private
33
Erie (N. Y. L. E. & W.)
11%
13%
95
69
Lake Shore A Mich. Southern.
63%
enterprise gives up, because the concern is of public Michigan Central
71*4
89%
59*8
139
118*2
102*2
Chicago Rock Island A Pacific
importance. The wagoner is appealing anew to Her¬
Illinois Central
71%
91%
82%
83%
41%
38*2
Chicago A Northwestern, com.
cules, only the wagoner makes two mistakes this time:
677e
31%
36%
Chicago Milw. A St. Paul, com.
67%
47
Delaware Lack. A Western
not only is it his part to help himself, but what he
55%
36
Central of New Jersey
60*2
15*2
Merchandise—
appeals to is not Hercules at all.
1034
10%
Cotton, Middl’g Uplands.$ lb.
11*8
33®40
33® 38
38® 49
lb.
Objecting to, and showing the impolicy of,this plan does Wool, American XX
Iron, Amer. pig, No. l..$? ton. 29 0o®30 00 16 50® 18 00 18 50®20 00
not impose on us any obligation to suggest a better plan,
1 32® 1 35
1 02®
Wheat, No. 2 spring.. .38 bush. 1 20*2® 1 22
53
57® 59
49®49*2
Corn, Western mixed.. $ bush.!
14 10® 14 25
8 75® 8 85
yet we are willing to say that no positive remedy appears
Pork, mess
$ bbl. 9 50 ®9 75
to us except intelligent action by State authority.
And *8 p. d.
The
BANK MOVEMENTS AND THE MONEY MARKET.
first and best step in such a remedial source we have
The city banks showed no great change in their reserve, which
already suggested—requiring publicity of corporate
kept low throughout, notwithstanding the large imports of
transactions and uniformity of accounting systems.
specie referred to above. The final payments of banks to the
Intervention by the Federal Government, on the con¬ 4
per cent loan were closed up, and the amount of called bond
trary, seems to us a step in the wrong direction, as well yet outstanding at the close was $28,971,800. The money
market worked closely part of the time, and 5@7 per cent was
as involving
delay in taking the right one.
,

'

...

....

*

c

the

FINANCIAL REVIEW OF SEPTEMBER.
The month

ruling rate, without

N. Y. City Bank Statements.

any

notable stringency.

Sept. 6.

Sept. 13.

Sept. 20.

Sept. 27.

1257,386,800 $256,060,400 $259,301,000 $260,768,700
just passed was remarkable for the development Loans and discounts....
19,753,800
19,876,000
19,942.000
20,017400
Specie
extraordinary activity and buoyancy in both stocks and Circulation
21.372.300
21.384,000
21,531.900
21,608,500
226,635,600 225,572,000 228,271,000 229,983,000
deposits
merchandise. The volume of transactions and the rise in prices Net
42,029,400
39.481,100
40,047,700
40,088,900
Legal tenders
8*183,800
2,569,350
2.964,775
4.933^050
Surplus reserve
were such as to mark the
present period as one of the most Range of call loans
5 m
4 <4*0
5<37
5®0
5
566^
5^6
5@0MS
striking in the history of the New York markets. The abnor¬ Rate of prime paper
mal excitement and inflation which occurred in 1862-65, when
INVESTMENT SECURITIES.
the Government was issuing millions of paper money, and the
In Government bonds the transactions duiiig Septenrre:* were
price of gold was advancing even more rapidly than the prices comparatively moderate, although prices were steady and there

of

an




346

THE CHRONICLE.

nothing like weakness in the market. In railroad bonds
was a
heavy business at very strong prices, and al*
Masses of bonds were held
very firmly. A large business was
done on speculative account in the
popular issues of low-priced

[VOL. XXIX

•was

there

honds at the Stock

Exchange.

8471 2

CLOSING PRICES OF GOVERNMENT

5s,
6s
4*28,
4s,
1881, 1881, 1891, 1907, Cur.,
101%
101*8
101*8
101*8
102% 104% 101%
102% 104*2 101%
X....

S.

104^ 102% 104% 101%
104*2
104% 101%
104*2
101%
102*2 104% 101%
104% 102*2 104% 102
104%
101%

5s,

4*28, 4s,
6s
1881, 1881. 1891, 1907, Cur.,

ft
©

coup. coup. coup. coup. 1898.

104% 102*4
102*4
102*4

6s,

-M

coup. coup. coup. coup. 1898.

m

19..
20..
21..
22..
23
24..
25..
26.. 105
27..
28..
29..
30..

102*8
102*4
102*4
102% 105% 102%
102 34
102*4
102% 105*4 102*4
102% 105% 102%
103
105*2 102*2

102

102%

104%

102
104% 102
102

105

103
105% 102 34
104% 102*4 104% 101*8
105
103
105% 102 34

Low.
Clos.

'CLOSING PRICES OF CONSOLS AND U. S.
SECURITIES AT LONDON IN SEPT.

I

i.:

2
3
4
5
6
17

8
9
10
11
12

Cons’l money.
for

Sept.

4%s

58 Of
4s of
Of
1881. 1891. 1907.

|

97H16
971*16
971316
97i316
97*3ir
971*16

105% 108% 104%
105% 108
104%
105% 108% 104%

105% 108
105
105% 108
105
105% 108*4 104%
8.

9713le 105% 108*8 105%

971316 105% 108*4 105*8
97*1,6 105% 108% x04%
97lii6 105% 108*4 104%

971116 105% 108*4 104%
979,6 105 34 108% 104*2

979i0
979i6

105% 108% 104%
105% 108% 104%
105% 108% 104%

19

Ohio & Mississippi...
do
pref.
Pacific of Missouri
Panama
*xl55

110*2

5s of
4s of
of
1881. 1891. 1907.

Stock

'

fExcli
8.

ange clos’d

971*16 106*4 108% 104%

Coal and Mining.
American Coal
Caribou Consol. Min..
Consolidation Coal...
Cumberland C. & I

9713,6 106*4 108% 104%
1

Leadville

9711,6 105% 108% 104%
971*16 105% 1085s 104%
97*16 106*8 108% 104%
97%
.v

106

108% 104%

g.

29
30

97i5i8T06% 1*09*8 105%
97*5,6 106% 109 105%

Opening... 9711,6 105% 108% 101%
Highest.. 971516 106% 109*8 x05%
.

Lowest....

97*je 105%

108

Closing.... 97*5,6 106% 109

x04%
x05%

Highest

105%

Since Jan.l
...

997,6 109% 110

Lowest.... 95*8

105

106% 101

100
26
10

9*2

16*2
29*8
22*2
58*2
13%
18%
44*2

26%
19*2
52%
9%
11%
24*2

75%

37*4

34%

35%

62
34

88%

65

37%

95%

103% 100
45
47%
47% x41%
97
x97*4

12
17

Mining.

“2%
-13
*150

38

39%

2%
12%

15

Mariposa Land & M.
do
Ontario Silver

2%

Min’g.
Quicksilver Mining.. *13%
do
pref. *38
r,
Standard Cons. Min’g x29%
*40

80

x91%
99

46

34

38
24

Wilkesbarre Coal & I.
Various.

3%

103%

103%

14

42%
2%

51

45%
*99%
*34

*4%
*26*4
22
*41

4%
40%
'

18

14
51
31

53*4
31%

7
’

t41

one

Cent. N. J. L’d & Imp.
Del. & Hudson Canal
Pacific Mail
Pullman Palace Car..
Sutro Tunnel Co

*15
50
15

189

4%

41
15
'

42%
14%
87
4

42
15
50

*38
*15

18
88

18

44*4
17%
87*4

4

2%

42

43%

4%

Prices bid. t Prices asked. + This stock
at the N. Y. Stock Exchange
September

.

•

.

50
.

*48

......

*15

60*8
29%
97%
4*8

59%
28%
97%
3

••

September, therefore,

covers

was

sold for the first tim*

25; the range here given for

five days only.
EXCHANGE.

showed a decided advance over the
closing
The following table will show the

figures of August.
Foreign exchange had little animation, and quotations re¬
lowest, highest, and clos¬ mained throughout at or near the figures which warranted
ing prices of railway and miscellaneous stocks at the New York shipments of
gold to this country. The total receipts of gold
Stock Exchange during the months of
for the month at New York were about
August and September:
$27,000,000.
RANGE OF STOCKS IN AUGUST AND
SEPTEMBER.

August.

September.
Railroads.
J'ly31. Low. High. Aug.30. Low. High. Sept.30.
Albany & Snsqh;mna
92
90
92
95
88%
95
Bos. <fc N. Y. Air-L. pf
42
40
41%
42
49
Burl. Ced. Rap. & No.
48%
68
45*4
63
54
75
56
Canada Southern
58
58
60*4
58
70*4
69%
Central of N. Jersey.
54%
47%
54%
49 78
48%
61%
60%
Ches. t& Ohio
6%
7%
6%
*634
6%
10
10%
do
1st pref.
13
13
19
11%
1734
do
2d pref.
7%
12% *11
Chicago & Alton
88*4 x86
95
x88
88
97
*96%
do
nref. tll5
till
110
110*2 *108
Chic. Burl. & Quincv. 118
xll3% 119% xll3% 113*4 115% 114%
Chic. Mil. & St. Paul.
0478
70
61%
71
64%
64%
x67%
do
pref.
96%
92%
96
97%
96%
101%
101%
Chic. & Northwest...
74%
72%
80%
84
75%
75%
83%
do
pref.
96
99%
99%
973,
97% 102
Xl00*4
Chic. & Rock Island. xl39*4 138*4
141% *138% 138% 142*4 142%
Chic. St.L. & N.Orl’ns
11*4
U2
15
1134
20*4
19*4
Chic.St.P.A Miunean.
42
38
44
38
38%
47%
45%
Clev. Col. Cin. & Ind.
52%
55
48%
50%
59%
57*4
Clev. & Pittsb., guar. 100
x98*s 100% x98 %
98*4 104
104
Col. Chic. <fc Iud.Cent.
7%
7%
9*4
*7%
7%
14*4
11%
Dei. Lack.
West’m.
53 34
62%
55
62%
54*4
68*4
67*4
Dubuque <fc Sioux C..
60
57*2
60
*60*2
.Erie & Pittsburg
82
85
j. Frankfort & Kokomo
29 34
31*2
33*2
30
20*2
Hannibal & St. Jo
20*4
18*4
20*2
18%
18%
25*2
2434
do
pref.
40
42%
43 34
40%
40*2
55*4
53*4
*
Harlem
154 34 156
156
156
156
>153
Houst. & Tex. Cent..
41*8
40*2
41%
40
60
59*4
Illinois Central
89*4 x86
91
85 34
x86%
93*2
91%
Indiauap. Cin. & Laf.
4
3%
4*2
3%
8%,
6%
....

v

...

.

.

a

....

BANKERS’ STERLING EXCHANGE FOR SEPTEMBER,

v

......

Sept.
1..
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

60
4-81

days.
@4-82

4-80%'S>4'82
4*80% 2)4*82
4-80%@4-82
4-80%®4'82

..

.

..

..

4-80%®4-82

..

4-83*4^4-84
4-83*4®4-84
4-83*4®4-84
4-83*4®4-84
4’83 *4'2)4*84
4-83*42)4-84

S..

..

..

Demand.

4-80%@4-82
4-8034@4-82
4-80%®4-82
4-80%@4-82
4-81*4 2)4*82

4-81*4®4-82

4-83*4'2)4*84
4-83 *42)4-84

4-83*42)4-84
4-83*42)4-84
4-83*4'24-84
4-83*4 2)4-84

s..

Sept.
17
18
19
20
21
22
23
24
25
26
27

28
29
30

4-81%®4*82
4-83%@4-84
4-81%®4-8'2% 4-83% 2)4-84%

..

..

..

..

60

4-81*2®4' 82%
4-81*2®4' 82*2
4-81%2>4' 82 *2

..

..

..

..

..

4-81
4*81
4*81
4*81
4-81
481

..

..

..

4*81

..S..
82
-©4' 82
'a) 4'

®4' 82'
/2>4' 82
'a>

4

1879.
Demand.

4*81 *2'2>4' 82%

..

..

days.

82

@4 82
..S..

2)4 82

83*22)4-84*2
83*22)4-84*2
83*22)4-84*2
83*22)4*84*2
83 2>4*84
83 •2)4-84
83 •2)4-84
83 2»4-84
83 2)4-84
83' «4-84
83

4‘81%'2>4 82 *2

'@4-84

83%'S4-84%

Range 4*80%2>4-82% 4-83

•

2)4-84*2

»

.

•

"

_

'

;

Kansas Pacific

53%

Keok. & Des Moines
do
pref
Daf. Bloom. <fc Mun..J
Bake Erie & West.}

JLoiiisviile & Nashv..
MaPtta & Cin. 1st pf.
do
2d pf.
Metropolitan Elev...

59*2

54*2

26
31

27

80%
x53
*40

80%

93

52

87%

5634

55

37%

48

44%

6

6

.

Michigan Central

Mo. Kans. & Texas
Mobile & Ohio, ass’d.
..

C

.

aprices bid.

55
10

117

83*4
16%

114%
78%
13*4
7%

93%

87%

94

t Prices asked.

86%
17

7%

1116

-

86%
54%
42
6
4
110

79%
13%
t7%

79%
13%

88

89%

8

73*2
14%
34*2

70

28%
95%
63*4
47
9

90

21*4

94%
62%
44

8*4
110%
89%
20*4

12

94%

93%

X This stock was sold for the first time
ft the N. Y. Stock Exchange September 25; the
range here given for
September, therefore, covers five days only.




The

following statement, from the office of the Treasurer, for
was issued this week.
It is based upon the actual
returns from Assistant Treasurers,
depositaries and superintend¬
ents of mints and assay offices :
October 1

.

Fimd for redemption of certificates of
1872
Post-office Department account

7%

114%

UNITED STATES TREASURY STATEMENT,

LIABILITIES, OCTOBER 1.

41

‘

22
20*4
150% *152
*3
3%
4%
42
41%

13*4

26

x94%

38%
2%

13
38
26

x36

96*8

26
22

150
3

*13%
*37%

43%

34
6

4%
22%

*41

x84%

51
46
100

42%
'98%

38

47
31
62

*145

37%

150

41%
14%
40%
29%

x85*4

80

*2*4

41
14

77%

67

2%

pref.

69*4

64

12%

155

58*2

34%

*5

19*2
21%

39

64

2%

150

59%

35%

..

*x3778

24%

61
22

44%

99

6%

25*4

36%

100

6

45*2

-

106% x!03*4
45
47%
46% x42

12*a
25
44

23*2
49*a

41
31

.

6%

20

12*2
25%

27%
21*4
54%

93

170

113% *110%
103%

100
17
9
14

27*2
20%
54*4
11%
16*2
40%

23%
49%
19%
52%

170

112

120
t20
tlO
*15

162

12

150%

78
79%
147*4 *145
40
36*4

146

163
24*4
51%
20%
53%

45
16
47
2

tl60
113% *112

15

90%

Express.

5*4
16%

160

110%

77

4%s

16%
49%

46

23%
45*4
tl57*2
16%
44*4
16%
47%
•

48

100
25

......

121

163*2
17*4

44*4
15%

24

117%

125
53

16

t9*2
tl8*2
26%
19%
53%
9%
11%

.

120*8
28%

153

100
24

Atlantic & Pacific
Gold & Stock

of the most excited and
buoyant
ever known, and the advance in
low-priced stocks was so large
as to astonish even the veteran
speculators. There was no par¬
ticular development in the railroad
situation to warrant any
great rise in prices, but the tone was
decidedly bullish, and at
the close of the month
nearly all the stocks on the active list
was

pf..

Low.

3

157*2
17*4
47%
16%
47%

X

RAILROAD AND MISCELLANEOUS STOCKS.

The stock market

do

|

20
21
22
23
24
25
26

97H16 105% 108*4 105
9711i6 105% 108*4 105

8.

15
16
17
18
09

Cons’l money.
for

Bept.

44

St. L. Kans. C. & No.
do
pref.
St. L. & S. Francisco,
do
pref.
do
1st pref.
3t.Paul & Sioux CityJ
do
pref.J
Tol. Peoria & War...
Union Pacific
United New Jersey..
Wabash
Telegraph.

Open 104% 102*4 x04% 101*8

High

52%

pref.
St.L.I.Mt. & So.,assd.

105% 102%
105% 102%

2%

New York Elevated
tl24%
N. Y. Lake Erie & W.
28%
.

-September.High. 8ept.30
37*4 x46
x45
2*2
4*2
4%
118*4 120 xll9
120% 126 *xl21
23%
34*2
32%
45*4
60
58*4

High. Aug.30.
t38

116
117
23

do

S.

-August.Low.

3*4
119

Pittsb.Ft.W.&C.guar.

s.

104%

N. Jersey Southern..
N. Y. Cent. & Hud. R.

Rens8el’r& Saratoga.
Rome Wat.& Ogdens.
St. L. Alton &T. H..

S.
102% 105

..

J’ly 31.

do
pref.
N. Y. N. H.&HartfTd
Northern Pacific

SECURITIES IN SEPTEMBER, 1879.

68,

Nashv. Chatt. <fc St. L.

deposit, June 8,

Disbursing officers’ balances
redemption of notes of national banks “ failed,”
“in liquidation,” and “reducing circulation”

Fund for

Undistributed assets of failed national banks.
Five per cent fund for redemption of national bank
notes
Fimd for

.

redemption of national bank gold notes
Currency and minor-coin redemption account
Fractional silver-coin redemption account

Interest account
Interest account, Pacific Railroads aud L. & P. Canal
Co
Treasurer U. 8., agent for paying interest on D. C. bonds.
Treasurer’s transfer checks outstanding

$31,215,000 00
2,135,872 74

25,784,259 60
12,939,889 75

642,314 35
15,082,482 99
219,940 00
5,482 ^
172,327 40

103,797

/a

6,270 00
298,435 54
3,719,032 21

October

THE CHRONICLE.

4, 1879.]

Treasurer’s general account—
Interest due and unpaid
Called bonds and interest
Coin certificates
Silver certificates
Refunding certificates
Balance, including bullion fund

$11,561,093 77
31,033,519 65
14,910,900 00
4,221,850 00

3,688,900 00
144,205,079 74
$209,621,343 16

34T

Current Liabilities—
Interest due and unpaid
Debt on which interest has ceased
Interest thereon
Gold and silver certificates
U. 8. notes held for redemption of certificates
Cash balance available October 1,1879

$4,189,5255
29,674,720'
1,358,790
19,132,750
31,215,000
149,207,886

of deposit,

$234,778,679

Total

$301,946,448 07
1.

ASSETS, OCTOBER

$169,606,995 03

Gold coin and bullion
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates..
Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency

31.559,870 00
16,814,308 94

4,557,504
67,700
3,045,130
48,173,254
4,137,661
183,640
94,470

.

17,341,224 93

Deposits held by national bank depositaries

1,521,173 79

Nickel and minor coin.
New York and San Francisco exchange
One and two-year notes, &c
Redeemed certificates of deposit, June 8,1872...
Quarterly interest checks and coin coupons paid.

1,913,834 02

400 40

1,975,000 00
170,619 16
22,355 00

Registered and unclaimed interest paid
U. S. bonds and interest. .*.
Interest

on

507 64
516 97

District of Columbia bonds

690,848 30
24,119 74
45,312 75

Deficits, unavailable funds

Refunding certificates and interest
Pacific Railroads, sinking fund

31
00
00
41
76
00
92

:

$301,946,448 07

THE DEBT STATEMENT FOR

SEPT., 1879.

The

following is the official statement of the public debt as
appears from the books and Treasurer’s returns at the close of
business on the last day of September, 1879:
INTEREST-BEARING
+2

Author-

Character of
Issue.

Feb.

6s, Oregon War. Mar.

+->

53

1831 J.&J.
1881 J.&J.

Registered.
14,541,000
134,624,000
56,555,650
275.245.400

c
c
c
c

166,139,750

c

472.862.400

Character of
Issue.

Amount

..

18.444.350
233,194,950
83,860,250
264,294,650

$1,796,967,650

The Pacific Railroad bonds

are

all issued under the acts of

July 1,

payable January 1 and July 1, and mature 30 years from their date.

IMPORTS AND EXPORTS FOR AUGUST, 1879.
[Prepared by the Bureau of Statistics.]

The

following is a statement showing, by customs districts*
merchandise imported into and exported from the
United States during the month of August, 1879:
the values of

Domestic

Foreign
Export*.

Imports.

Exports.

Charleston, S. C

Chicago, Ills
Corpus Christ!, Texas
Detroit, Mich
Galveston, Texas
Huron, Mich
Key West. Fla
Miami, O
Milwaukee, Wis
Minnesota, Minn
Mobile, Ala
New Haven, Conn
New Orleans, La
New York, N. Y

Niagara, N. Y
Oregon, Oreg
Oswegatchie, N. Y
Oswego, N. Y
Passainaquoddy, Me...

DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
There is a total of over-due debt yet outstanding, which has never
been presented for payment, of $29,674,720 principal and $1,358,799
interest. Of this interest, $1,223,712 is on the principal of called bonds,
which principal is as follows: 5-20s of 1862, $400,100; do 1864,

Philadelphia, Pa
Portland, etc., Me
Richmond, Va
Saluria, Texas
San Francisco, Cal
Savannah, Ga
Vermont, Vt

$16,943,182.

1865,of 1864,
new, $17,153,600.
$957,250; do 1867,
t71,450;
7,631,800;dodo 1865,
1868, $125,500;
$2,624,100; do
10-40s
DEBT BEARING NO INTEREST.

Authorizing Act.

Amount.

July 17, ’61; Feb. 12, ’62
Feb. 25, ’62; July 11, ’62; Mar. 3,’63

Certificates of deposit June 8 ’72

Fractional currency.. July 17,’62: Mar. 3, ’63; June 30,’64
Gold certificates
March 3, ’63
Silver certificates
February 28, ’78

Aggregate of debt bearing no interest.

$61,410
346,681,016
31,215,000
15,747,503

Total

$2,553
40,763

196,671

197,022
9,509
81,907
4,565
160,537

3,210
2,494
7,747
78,406

71,564
71,492

44,766
2,137
7,344
4.325

82,256
270,331
30,434,158
203,668

267

264,731
3,280

64,371
252,111

18,150

41,547
2,125,376

1,579

40,524
196,103
14,538

95,291]

8,573

3,127,444
50,864

3,407,150
36]

82,184

314,059
107,357

25,443

$57,918,992'$42,819,371

$687,355

63

346

5,344

491,570

All other districts

1,466
31,929

and exports of the United States for
August 31, 1879, and for the eight and the
twelve months ended the same, compared with like data for the
corresponding periods of the year immediately preceding.
Below

are

the imports

the month ended

14,910,900

[Corrected to September 29,1879.1

4,221,850

MERCHANDISE.

For the
month of

August

Amount

Outstanding.

Interest.

508,440,350
250,000,000
737,157,050
3,688,900

29,674,720

1879.—Exports—Domestic
Foreign

$57,918,992 $444,698,625 $701,729,504

Total

$58,606,347 $451,713,989 $713,001,752

$21,132,705
1,358,799

Total

36,954,681

Imports
"Excess of exports over imports
Excess of imports over exports

9,577

$22,501,082
$2,261,981,131
234,778,679

5,101,993

7,099,681

$25,368,420

$2,027,202,452
2,029,766,204

$2,563,751
4,803

7,753,647

exports over imports $
5,921,307
imports over exports

1878—Exports—Domestic
Imports
Excess of exports over
Excess of imports over

,

438,666

$1,367,778

Total

imports
exiK>rts

18,141,838

26,309,681

$1,663,025 TT”
941,261

$929,112 $15,995,521

....

Foreign

$14,702,870 $18,268,736

$1,832,340 $19,804,863

Imports
Excess of
Excess of

(COIN AND BULLION).

484,394

Foreign

Total

430,713,120

............

$1,347,946

1879.—Exports—Domestic

$412,837,679

287,199,086

$22,287,938 $188,605,224 $289,709,341

GOLD AND SILVER

19,132,7501

Decrease of debt during the past month
Decrease of debt since June 30. 1879

11,272,183

9,548,428
14,668,716
.1,088,660
$59,242,619 $475,804,310 $720,622,461

Foreign

15,747,503

Debt, less cash in Treasury, Oct. 1,1879.
Debt, less cash in Treasury, Sept. 1,1879.

7,015,364

$58,153,959 $466,255,882 $705,953,746

1878.—Exports—Domestic

346,742,426
31,215,000

Total
!$2,239,480,049
Total debt, principal and interest, to date, including
interest due not presented for payment
Total cash in Treasury

687,355

Excess of
Excess of

14,000,000

$1,796,967,650

the
8 For
the 12
months end¬ months end¬
ed Aug. 3L.
ed Aug. 31.

For

42,819,371 311,254,939 455,868,336
Imports
exports over imports $15,786,976 $140,459,050 $257,133,416
imports over exports

$283,681,350

Total debt bearing no interest...
Unclaimed Pacific Railroad interest

3,450,178
217,176
221,321
14,886

5,101,627

RECAPITULATION.

Total interest-bearing debt
Debt on which int.has ceas’d since maVrily
Debt bearing no interest—
Old demand and legal-tender notes....
Certificates of deposit
Fractional currency
Gold and silver certificates

$857,241

4,302,919
84,386
25,988
,5,139
84,133
121,259
654,205
20,645
365,939
66,048
482,595
124,448
1,338,723
163,502
74,392
10,855
4,135
786,793
32,375,680
9,587
337,427
37,227
125,228
35,734

9,577

Interest-bearing debt—
Bonds at 6 per cent....
Bonds at 5 per cent....
Bonds at 4^ per cent..
Bonds at 4 per cent
Refunding certificates.
Navy pension fund

$7,177,151

$412,837,679

Unclaimed Pacific Railroad interest




2,246,532
11,022,706
1,092,666
1,185,947
979,695

1862, and July 2, 1864; they are registered bonds in the denomination*
of $1,000, $5,000 and $10,000; bear 6 per cent interest in currency

(c) Coupon, $50, $100, $500 and $1,000; registered,
and also $5,000 and $10,000.
On the above issues of bonds there is a total of $4,189,523 of interest
ever-due and not yet called for. The total current accrued interest to

$100 and $500.

same,

Old demand notes

2,370,080
7,398,380
73,142
9,367
93,804

$64,623,512 $43,712,450 $12,848,480 $30,863,969

Total

Cape Vincent, N. Y
Champlain, N. Y

945,000
54.697.350

The sizes, or denominations, of each issue of bonds are as follows:
(a) Coupon. $L,000; registered, $1,000, $5,000 and $10,000. (b) $50,

Legal-tender notes

$2,903,704 $14,336,421

4,616,613
18,421,087
1,165,808
1,195,314
1,073,500

6,303,000
27,236,512
1,600,000
1,970,560
1,628,320

..

Balance of

paid repaid by interest
paid
by U. S.
transportat’n
by U. S.

$25,885,120 $17,240,126

Central Pacific
Kansas Pacific
Union Pacific....
Central Br., U. P.
Western Pacific..
Sioux City & Pac.

$3,874,000

14,00 0,000

Aggregate of interest-bearing debt.

Character of Issue.

Interest

Interest

outstanding.

Coupon.

$1,119,968,200 $659,310,550
$3,68 8,900

26,’79

4s, refund’g ctfs.
3s, navy pens, fd July 23,’68

date is

PACIFIC RAILWAY COMPANIES.

INTEREST PAYABLE BY THE UNITED STATES.

Baltimore, Md
Boston, &c., Mass
Brazos, etc., Texas
Buffalo Creek, N. Y..;

6
N

wA

July 17,’61
Mar. 3,’63
July 14,’70 1881 Q.-F.
4*28 of 1891.... July 14,’70 1891 Q.-M
4s of 1907
July 14,’70 1907 4-j.
Feb.

Oustanding.

•»“*

8,’61 1880 J.&J. a
2,’61 1881 J.&J. b

6s of 1881
6s of 1881
5s of 1881

BONDS ISSUED TO THE

*

U ©

izing Act.

$234,778,679

Customs Districts.

Amount

JH
A

6s of 1880

DEBT.

Available AssetsCash in the Treasury.

5,306,122

$22,665,699
7,215,268

$21,301,643 $29,880,967

1,067,090

20,699,900

$300,688

$601,743

30,194,423
$

313.456

348

THE CHRONICLE.
TOTAL MERCHANDISE AND SPECIE.

For the
month of

1879.—Exports—Domestic

the
8 For
the 12
months encl-i months end¬
ed Aug. 31.

j ed

Aug. 31.

Foreign

1,171,749

12,117,357

Imports

18,371,809

50,573,018

1878.—Exports—Domestic

329,390,777

482,178,017

$9,805,069 $142,122,075 $250,192,155

$59,083,071 $482,251,403 $728,019,445

Foreign

1,527.320
14,854,550
21,883,983
$00,010,397 $497,105,953 $750,503,428
38,021,771 307,898,980 401,107,543
imports $22,588,026 $189,200,907 $289,395,385

Total.

Imports

Excess of exports over
Excess of imports over exports

IPtoiicltrojl Commercial |£u0lisft 3Xcwrs
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
September 19.
Time.

Amsterdam.

Short.

Amsterdam.

3 mos.
*4

Antwerp

Paris
Paris

Hamburg

...

Berlin

Rate.

12-2H @ 12 314
®I2-412

12*4

Time.

Rate.

Sept. 18 Short.

25*10

|25*o212@25'5712 Sept. 18 Short.
Short. 25*321^@25‘4212 'Sept. 18 Cheq’s.
3 mos. ,25*45 @25*50
20*02
@20*00
Sept. 18 Short.
20*03 @20*07
i 20*02 @20*00
2438@2412
j
iSept. 18 3 mos.
44

Frankfort...

St.Petersb’rg

Vienna
Madrid
Cadiz
Milan
Genoa

Naples

EXCHANGE ON LONDON.
Latest
Date.

a

! Il*0”i2 5)12*0212
4G1e@405^
4034@407b

i i

jSept. 18

44

Sept. 18 3

mos.
u

......

Bombay

Calcutta

....
....

Lisbon
New York...

28*721o@28*77l2

30 days
Is. 7H16d.
Dem’d. Is. 7i3i6d.-l 890 days
5178S'5218

44

*

Sept. 18 6

mos.
44

jSept. 18
Sept. 19 60 days

Constan’ple..

3

Alexandria..

25*39

25*3212
20*48
20*48
20*48

2543
117*80
47*30
28*25
28*25
28*25
Is. 81 ifid.
Is. 8iicd.

4*811-2

mos.
44

Hong Kong.

6

Shanghai....

mo3.
44

2

discount houses for

our own

correspondent.]

London, Saturday, September 20, 1879.
Very little of importance has transpired either in mercantile
or financial circles
during the week. There has been a remark¬
able absence of
activity, and the renewal of the Afghan War
appears to have partly contributed to the dull
feeling which
has prevailed. There are
certainly no indications at present of
an active and remunerative autumn
trade, but, on the contrary,
there seems to be an
increasing disposition to sell goods at reduced
prices, in order to be able to realize on them. Money, though
abundant, is in few hands, and there is much reluctance shown
to lend.

The progress of the return of confidence has been
therefore very slow, and it would seem that the
period is still
remote when Pie condition of trade can be
regarded as healthy
and

satisfactory. The depression existing amongst agricultural¬

ists, from the farmer to the laborer, and the diminished
power
of purchase which that considerable
portion of the community
has to be contented with of
necessity exerts much influence on
the home trade, and as we have a
very bad harvest, there is no
hope of improvement until we have had a better season;
indeed, it is doubtful if the farmers can recover themselves in
less than four or five years of abundant
crops. Not only
is there depression
amongst agriculturalists, but the manufactur¬
ing industries suffer from a restricted export, as well as home
trade. The improvement in iron is
fairly maintained; but most
other branches of trade are
decidedly quiet. The two most
encouraging features are the improvement in our trade with

deposits

by the joint-stock banks and

are as

follows

:

Per cent.

Joint-stock banks
Discount houses at call
do
with 7 and 14 days’ notice of withdrawal

Business

Lj
Lj
34

the Stock

Exchange has been exceedingly quiet
during the week, but, on the whole, a steady tone has prevailed
There has been a moderate inquiry for investments of a sound
character, but there has been very little speculation in progress.
on

United States Government securities have

been

firm.

The

traffic

receipts of railways in the United Kingdom for the week
September 14 amounted, on 15,974^ miles, to £1,204,236,
against £1,274,011 last year, showing an increase .of 201% miles,
and a decrease of £69,775.
•
The supply of bullion held by the Bank of France is still
very
large, notwithstanding that it has experienced some reduction,
owing to the deficiency of the French harvest, and to increased
speculation in new companies. France has of late shipped a
considerable supply of gold direct to New York, and the sterl¬
ing exchange being against her, moderate amounts of gold
have been received here almost daily from Paris. The
supply
of bullion, of which about one-third consists of
silver, has
declined from £90,080.150, on July 3, to £86,445,520.
The following are the current rates of discount at the
prin¬
cipal foreign centres:
ended

Bank
rate.
Pr. ct.

Paris
Brussels
Amsterdam
Berlin

Hamburg....

....

....

....

Frankfort....
....

Genoa
Geneva

....

....

Annexed is
Bank of

a

234<z>3
234*23*'

Bank
rate.
Pr. ct.
St. Petersburg ..
5
Vienna & Trieste
4
Madrid, Cadiz &
Barcelona
4
Lisbon & Oporto.
5
Calcutta
6

3

Copenhagen

158@178
2i0@23a

24j

....

.

Open
market.
Pr. et.

2

....

Leipzig

| From

4 months’ bank Dills
0 months’ bank bills
134'5>17q
4 & 0 months’ trade bills. 2 @2ij
..

7e@l
3 months’ bills
7s@l
The rates of interest allowed

$00,438,087 $471,518,852 $738,370,172

Excess of exports over imports
Excess of imports over exports

On-

Bank rate

Open-market rates—
30 and 00 days’ bills

$59,260,938 $459,401,495 $719,998,30.3

Total

o

to liabilities has increased from 58'30
per cent to 59*13
per cent.
The following are the present quotations for money:
Per cent. Open-market rates—
Per cent.
reserve

For

August.

ivou xxix.

,

3
4
4
4
4
4

3

278@3is
@314
4

2D

New

3is@4

York

51-2

334@4
4
5

@5
@6

3i^'a/4
0

2is

statement

Open
market.
Pr. ct.

'wl

showing the present position of the

England, the Bank

rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers* Clearing House
Return, compare# with the

three previous years:

1879.

Circulation, including

&
28,374,894
5,601,485

bank post bills
Public deposits
Other deposits
31,550,540
Governm’t securities. 16,336,224
Other securities
17,248,167
Res’ve of notes & coin 22,124,165
Coin and bullion in
both departments.. 35,220,075

Proportion of

reserve

to liabilities

59*13

Bank rate
Consols

Eng. wheat,

2 p. c.
av.

price.

Mid. Upland cotton...
No. 40 mule twist
Clearing-House return

97^
47s. lid.
O^d.
*

9ijd.

94,602,000

1878.
&

■

26,988.199
4,583,836
20,330,055
13,754,031
17,9S1,957

1877.
&

27,874,874
4,879,243
22,224,951
14,121,093

1876.
&

28,144.078
6,591,284
28,284,981
15,229,155
16,015,085

11,788,005

19,684,015
11,899,404

22,246,069

23,435,825

24,432,679

35,017,529

46*77
5 p. c.
9543
45s. Od.

43*36

63*11

3 p. c.
9558

2 p. c.
96*8

59s. Od.

46s. lid.

6qd.
10qd.

lO^d.

6^d.
lOd.

6^.

97,952,000 99,583,000, 92,429,000

The deliveries of home-growrn wheat
having been upon a very
limited scale, and the progress of the harvest

being very slow,
the week, and prices
quarter. Abroad the
quotations have also been advancing, and it is expected that a
further improvement will take place. Some statistics have
been published endeavoring to show that the great
producing
countries have not a surplus large enough to meet the defic¬
iency elsewhere. The argument is : “ England has about twothe United States and a revival of our Eastern
trade. Com¬ thirds of a crop, and will require at least
17,000,000 quarters
pared, however, with the resources of this country, and the to
supply her wants. France wants eight millions; Italy, 2/£
large quantity of machinery and labor lying idle, the improve¬ millions;
Belgium, Switzerland, China, and the West Indies,
ment is thus far trifling.
At present, it can only be observed two millions each—together six millions;
Austro-Hungary,
that the tendency is favorable, but that the
progress towards Germany, Spain, and Portugal, one million each—together
improvement is tediously slow.
three millions; Holland three-fourths of a million. These show

Mercantile paper is very scarce, and there is a demand
for
prime parcels, which enables discounters to negotiate them on

terms. The quotation for three months* bills is only % to
cent. The week’s Bank statement is very favorable, and
clearly indicates that money is likely to remain cheap. “Other
securities” have fallen off, but only to a
slight extent, and the
total reserve, arising out of a diminution in the note
circula¬
tion and an increase in the
supply of bullion, has been
augmented by £653,830. The present supply of bullion now
amounts to £35,220,075,
against £23,485,825; while the reserve
is £22,124,165,
against £11,788,005 in 1878. The proportion of
easy

1 per




the trade for wheat has been firm
during
have experienced a rise of about 2s. per

aggregate want of 37M million quarters. The estimated
surpluses, after repeated revision, up to the beginning of this
month, are now set down as under : United States and Canada,
24 million quarters; Russia, five
millions; Turkey, Egypt,
India, and Australia, three millions; and Algeria, 200,000 quar¬
ters; together, 32,200,000, which is 5,050,000 quarters less than
is required for ordinary consumption.”
With regard to the above estimates, it is well known that, as
far as we are concerned, we shall require a larger
foreign sup¬
ply than in any previous season, but, on the other hand, a large
quantity of wheat has been grown elsewhere, and it is still the
an

October

THE CHRONICLE.

4, 1S79.1

349

opinion among tlie best informed that moderate prices will coal and coke. Iron rails are almost entirely replaced by Besbring forward supplies to meet the deficiency. Still, wheat semer-steel rails. During the first half of 1878 the make of
would seem to be worth holding, as English wants alone will iron rails was 26,230 tons and of steel 108,469, but during the
make a large inroad into the estimated surplus of other coun¬ last six months the make of iron declined to 18,481, while steel
tries. The weather duiing the week has been quite autumnal rose to 119,600 tons.
and seasonable; but it lias not been strictly harvest weather,
English Market Reports—Per Cable.
which could scarcely be expected at this period of the year.
The daily closing quotations in the markets of London and
There is still wheat in stocks in the south of England, and it is Liverpool for the past week, as reported by cable, are shown in
evident, therefore, that the outlook for the North and for Scot¬ the following summary:
land is very discouraging.
London Money and Stock Market.—The bullion in the Bank
of
During the week ended September 13 the sales of home-grown
England has decreased £266,000 during the week.
Mon.
Sat.
Tues.
Fri.
wheat in the 150 principal markets of England and Wales
Wed.
Thurs.
Oct.
Oct.
Oct.
Sept.
Sept.
Sept.
amounted to only 13,645 quarters, against 52,591 quarters last
27.
29.
30.
2.
3.
1.
,d. 51016
510i6
519J8
519j6 51*16
51»]6
year; and it is estimated that in the whole kingdom they were
97i.qQ 971^16 97ri,rt 9710,6 98i16
971516
nearly 55,000 quarters, against 210,500 quarters in 1878.
97i*i6 971516 97i5ltt 971516 981,6
9715,6
106
106
^
...looq
1063s
106*8
1061s
*2
During the first three weeks of the season the sales in the 150
109
109
109
...108*4
1091s
10918
105
...104*4
10518
10518
1051s
10514
principal markets were 47,974 quarters, against 141,450 quarters;
3oq
33*4
33*8
345s
37*4
3GH
and it is computed that in the whole kingdom they were 192,95
95
95
94*2
9413
94*2
44 x4
44 \
44*2
44q
000 quarters against 565,800 quarters in the corresponding Pennsylvania
22
20*4
2013
20^2
Philadelphia& Reading.
g- 20
205q
period of the previous season. Without reckoning the supplies
Liverpool Cotton Market.—See special report on cotton.
furnished ex-granary, it is estimated that the following quanti¬
Liverpool Breadstuffs Market.—
ties of wheat and flour were placed upon the British markets
Mon.
Wed.
Sat.
Tues.
Thurs.
Fri.
d.
.9.
d.
s.' d.
8.
d.
8.
8.
d.
8.
d.
in the first three weeks of the present. and three previous
Flour (ex. State) $ bbl..27 0
27 0
27 6
27 6
27 6
28 6
•

...

...

275364—SBtri.g

...

....

Wheat,spr’g,No.2,1001b. 9

seasons:

1877.

1876.

3,149,708
318,337

2,727,593
285,536

2,336,340

2,451,800

1,826,500

2,665,500

6,173,177

5,919,845

4,839,629

5,230,434

113,250

165,454

108,371

61,352

6,059,927

5,754,391

4,731,258

5,1C9,0S2

45s. 4d.

60s. 6d.

46s. 6d.

1878.

1879.

Imports of wheat.cwt. 4,829,577
Imports of flour
512,000
Sales of home-grown
produce
831,600
Total
Deduct
exports
wheat and flour

228,594

of

Result

Av’ge price of English
wheat for the season.

48s. Od.

The

following figures show the imports and exports of cereal
produce into and from the United Kingdom during the first
three weeks of the present and three previous seasons :
IMPORTS.

1879.
Wheat

cwt- 4,829,577

Barley

436,704
668,040

Oats

Peas
Beans
Indian
Flour

...

29,271
..

r.

corn...

103,302
1,447,193

512,000

1878..

3,149,708
579,290
573,910
140,685
118,783
2,310,326
318,337

1877.

1876.

2,727,593
368,223
1,009,760

2,336,340

38,162
314,399

1,452,152
285,536

375,875

810,571
63,061
337,879
3,105,523

228,594

Spring, No. 3...
Winter,West.,11.
Southern, new

“
“
“

.

Av. Cal. white..
California club.

10
10

“
“

9

10

0

10

0

10

0

10

0

10

3
6

10
10
10
11

6
8
2
0

10
10
10
11

6
8
3
0

10
10
10
11

6
8
3
0

6
8

io'

5

5

5

10
10
10
11
5

9 11
10 6

Corn, mix.,West.$ cent! 5

5j2

5

4*2

0

«>

0
4

2

9
10 11
10 5
11
1

5

4*2

Liverpool Provisions MarketMon.
d.
s.
47 0
30 0
31 0

Tues.
8: d.
47
30
31

0
6
6

33
50

33
50

6

Sat.
d.

.9.

Pork, West. mess.. $ bbl. 47
Bacon, long clear, cwt. .30
Short clear

“

0
0

31

0

Beef, pr. mess, $ tierce
Lard, prime West. $cwt.33
Cheese, Am. choice “* 50

3

"

Wed.
8.
d.
47 0
31
32
....

0

3
0

34
47

0

Tliurs.
48
31
32

0
0
.

d.

.9.

.

.

6
0

.

,

0

6
6
.

34

.

d.

50
31
32

0
6
6

.

6
0

46

Fri.
.9.

34

6

46

0

London Petroleum Market.—
Mon.
d.

Sat.
d.

Pet’leum, ref. $ gal.67s®
Petleum, spirits “
'w
..

Tues.
d.

6*4^i'678 678©
'w

....

....

'w

Wed.

Tliurs.

d.

d.

7ls<z>

..

@

....

.

.

..

..

‘CD
co

..

..

Fri.
d.
7

612'S»7

©ommcvciat aud3#tiscett<niccru:s flcxvs.
Imports

Exports

and

for the

Week.—The imports of last

week,

compared with those of the preceding week, show
dry goods and an increase in general merchandise.
1879.
1878.
1876.
1877.
Wheat
158,594
105,652
56,456 The total imports were $7,896,318, against $7,374,749 the
pre¬
814
1,942
4,746
Barley
1,007
Oats
569
872
6,703
2,315 ceding week and $7,179,688 two weeks previous.
The exports
Peas
630
258
1,094
8,147
for the week ended Sept. 30 amounted to $8,126,960, against
Beans
312
815
391
1,471
Indian corn...
9,263
14,651
145,506
48,120 $8,840,466 last week and $7,627,576 the previous week. The
Flour
13,415
6,830
4,896
2,719
The Prime Minister presided at the annual meeting of the following are the imports at New York for the week ending
Buckingham farmers at Aylesbury on Thursday. Complaint is I (for dry goods) Sept. 25 and for the week ending (for general
made that although he spoke fully upon agricultural topics, and 1 merchandise) Sept. 26:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
especially upon the distress existing and the more practical
1876.
1877.
1878.
1879.
means of remedying it, there was no allusion to the state of
Dry Goods
$1,406,521
$1,432,008
$1,614,700
$2,155,488
4,092,740
3,766,477
4,035,680
5,740,830
affairs in Afghanistan. Probably, Lord Beaconsfield did not General mdse...
$5,499,261
$5,198,485
$5,650,380
$7,896,318
regard the meeting as political, and as he made a long speech Total week
Prev. reported.. 215,371,028 244,202,057 209,063,498 232,037,804
much in favor of the present system of agriculture, his hearers
can scarcely have been disappointed in not hearing
anything of Tot. s’ce Jan. 1..$220,870,289 $249,400,542 $214,713,878 $239,954,122
The following Is a statement of the exports (exclusive of
Afghan politics. Besides which, the subject is not an agreea¬
ble one to the Premier just now, and the Grovemment may not specie) from the port of New York to foreign ports for the
yet have decided upon the course they shall pursue when the week ending Sept. 30:
EXPORTS FROM NEW YORK FOR THE WEEK.
Afghans have been chastised for their treachery.
EXPORTS.

a

The failure has been announced of Messrs. L. Stevenson &

Sons, Australian merchants, with liabilities estimated at £300,The firm was founded about 1834, and has acted as

000.

middlemen between the larger Manchester warehousemen and
the Australian up-country stores. Large quantities of goods

have, it

decrease in

1876.

For the week....
Prev. reported..

Tot. s’ce Jan.

$5,550,475
192,029,194

1877.

$0,775,624
202,785,532

1878.

1879.

$7,064,816

$8,126,960

254,379.589

243,746,947

1..$197,579,669 $209,561,156 $261,444,105 $251,873,907

The

following will show the exports of specie from the port
ending Sept. 27,1879, and a& a
comparison of the total since January 1, 1879, with the corre¬
of New York for the week

been locked up in the Melbourne warehouses,
difficulty of selling these, together with a tight money
sponding totals for several previous years:
market, has brought about the suspension.
Sept.
appears,

and the

The returns of the French Iron Trade for the first half of the

show a falling off in the amount of production,
that of pig iron being 701,052 tons, against 766,366 tons in the
corresponding half of 1878, being a decrease of 65,284 tons.
Manufactured iron plates, &c., figure for 391,4681 tons,
as against 408,801 in 1878, showing
a diminution of 17,333 tons.
Steel, however, has increased from 139,622 in 1878jto 154,902
tons in 1879. The general falling off in production must be
attributed to the depression of trade which has pervaded
almost everything within the last year or two, and not to
foreign
competition, as the imports of iron have been gradually lessen¬
ing. The use of charcoal is more and more giving way to that of
present




year

Pereire

Curacoa

Havre

Am. silver bars

Curacoa

(con’g $300 g.)
Am. silv. coin
(fractional)
Fr. silver coin.

..

Herder

C. of Chester
Celtic
Rhein

Paris
Liverpool

$6,800
800

5,100

Liverpool

Eng. sil. shill’gs
Mex. silv. dols.

London

Mex. silv. dols.

1,000
13,682
39,684

Am. silv. bars.

40,000

Total for the week ($106,766 silver, and $300 gold)

$107,066

Previously reported ($10,381,867 silv., and $2,052,038 gold). 12,433,905
Tot. since Jan.l,’79

($10,488,633 silv., and $2,052,338 gold).$12,540,971

Same time in1878
$10,605,072
1877
23,562.319
1876
40,392,129
1875
63,444,417

Same time in1874
1873
■
42,877,859
1872
60.076,209
1871
56,202,229

£43,350,687

Same time in1870
$50,032,246
1869
26,923,036
1868
66,386,537

1867

42,449,212

•

350

222453———SSSttcrrh..r.
The

been

imports of specie at this port for the

as

265—Str.

THE CHRONICLE.
periods have

same

follows:

Sept.

22—Str. Rhein
22—Str. Ailsa

Bremen

Am. silver

22—Str. Celtic

22—Str. Bermuda

Impulse

Gold dust
Am. silver

Amerique
Westphalia

10,882
17,532
148,534

Liverpool

Am.

Hamilton

Foreign gold...
Foreign gold...

201,627
9,733
618,045

gold

20,318
1,455
Foreign silver.
800
Foreign gold... 3,138,180
Foreign gold... 1,832,340
Am. silver

Hamburg
Liverpool
Aspinwall

Acapulco

736

gold
Foreign silver.
Foreign gold...

Havre

24- Str. Abyssinia

Gold bars

240,935

Foreign gold...

267,678
4,814

Am. silver
Am. gold

Foreign silver.
Foreign gold...

-

Alps

25—Str. Saratoga

Santiago

Kingston

Gold dust......
Silver bars
Am. silver

Havana

Foreign gold...
Foreign gold...

Santiago de Cuba...Am. silver
Am.

Foreign gold...
Am. gold
Foreign gold...

Hamburg

Total for the week ($219,256 silver, and $7,487,950
gold)

...

7,020

243,225

484,216
351,500

.$7,707,206

Tot. since Jan. 1/79 ($6,285,443 silv., and
$33,437,275 g’d).$39,722,718
Same time inSame time in—
Same time in1878
$15,387,207 1874
$4,867,565 1870
$8,259,754
1877
11,695,686 1873
6,124,429 1869
14,565,429
1876
4,958,667 1872
4,974,009 1868
6,002,744
1875.....
9,544,309 1871
1867
8.256,415
2,614,984

The

following table shows the receipts and payments by the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
Balances.

$

Bept. 27...
«

“

Oct.

Payments.

1...

27
73
72
93

“

2...

«

732,052 11

3...

1,903,896 77

Total

Currency.

$

2,232,056
1,511,266
644,534
6,351,824

29...
30...

Coin.

$
$
3,110,733 94 141,586,842 50 25,732,445 72

4,857,975
2,882,585
4,146,210
4,276,376
3,128,709

32
74
24
32

141,393,357
141,562,948
141,619,628
141,410,440

26 21,579,222 37
14 20,171,580 14
34 22,320,514 63
27 18,985,468 49
53 141,474,379 69 17,696,716 41

U. S. Legal Tenders

and

National Bank Notes.—From the

Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three months past:
XT. S. Bonds held

as

security for

14,527,400

of June 20,1874

Total

now. on

14,747,000

14,567,000

act

1,787,850

deposit, including

liquidating banks

Total entered under act of Jan. 14,
1875
Total amoimt of greenbacks out¬

standing

National Bank Circulation—
Hew circulation issued
Circulation retired
Total notes Outstanding-

259,700

457,500

13,305,357

13,037,038

13,183,321

35,318,984

35,318,984

35,318,984

346,681,016 346,681,016 346,681,016
«

955,430
688,890

1,628,130
774.720

3,912,120
431,147

Currency. 328,490,737 329,344,147 332,825,120
Gold
1,467,500
1,448,840
1,447,120

Notes rec’vd for redem’u from—
New York
Boston

3,300,000
3,300,000

287,000
2,300,000

2,062,000
2,286,000
236,000
1,731,000

1,158,000
1,256,000
262,000
1,847,000

$9,187,000

$6,315,000

$4,523,000

Philadelphia
Miscellaneous
Total

The

following is a statement of the Comptroller of the Cur¬
rency, showing the issue and retirement of national bank notes
and legal tender notes, under the Acts of June
20, 1874, and
January 14, 1875, to October 1, 1879:
National Bank Notes—
Act of June 20,1874, was passed
$349,894,182
Issued from June 20, 1874, to Jan. 14, 1875
Redeemed and retired between same dates... $4,734,500
2,767,232

Outstanding when

....

.

Increase from June 20, 1874, to
January 14, 1875

1,967,268

Outstanding January 14,1875

$351,861,450

Redeem’d and retired from Jan. 14/75, to date
$77,774,408
Surrended between same dates

11,291,432

Total redeemed and surrendered
Issued between same dates

$89,065,8 LO
70,029,510

Decrease from January 14,1875, to date

Outstetanding at date




Outstanding at date

80,541,640

$13,183,321
*

$35,318,984
346.681,016

Comptroller of the Currency, showing by

States the amount of National Bank circulation
issued, and theamount Of Legal-Tender notes deposited in the United States.

Treasury to retire National Bank circulation, from June 20,1874,
to Oct. 1, 1879, and amount remaining on deposit at latter date*.
1

Legal-Tender Notes Deposited to
Additional
Circulat’n
issued s’ce

States and

Territories.

June
1874.

Maine
N. Hampshire
Vermont

20, Redempt’n
of Notes of

$
1,461,180

504,865
1,645,310
Massachusetts 15,552,085
Rhode Island.
1,030,200
Connecticut
2,316,400
...

..

New York
New Jersey...

18,408,275
1,675,165
Pennsylvania
8,786,470
Delaware

....

Maryland
Dist. Columbia

Virginia.

West Virginia.
N’rth Carolina
S’th Carolina.

Georgia
Florida
Alabama

173,275
852,310
455.500
719.500
63,370
1,172,660
56,500
439,450
45,000

Liquidat ing Banks

Deposits.

$

$

$

1,284,110

Kentucky

3,575,700
534,S00

116,100
144,000
....

Michigan

Wisconsin

....

Iowa
Kansas
Nebraska
.....

Utah

Montana

Washington

Total

317,000
600,000
917,000
72,997
55,800
128,797
169,097 1,069,340 1,238,437
234,800 6,605,500 6,840,300
32.350
735,385
767,735
65.350 1,555,830 1,621,180
2,135,398 19,198,850 21,334,248
151,660 1,517,280 1,668,940
1,100,311 6,156,986 7,257,297
166,600
407,664

908,369
731,060
128,200

287,725

..

....

596,260
2,39 L,230
2,796,080
1,972,495
1,589,390
608,730
1,272,400
1,017,800
138,600
67,500
455,400
72,800
62,100
135,000
72,000

645,750
10,000
629,867
280,901
998,510
1,483,319
1,135,597

1,620,934
364,500
626,860
811,669

420,095
781,721
45,000

135,083

Legal Ten¬
ders

on

deposit

retire

with U. 8.
Treasurer
at date.

$
234,131
43,599
145,480

562,211
81,702
308,861
2,199,305
363,091

1,018,695

1,646,380
427,500
880,510
270,000
1,012,585
953,380
437,675

1,001,060
1,140,785
953,380
725,400

94,500

94,500

673
366

2,099,250,
229,340
144,000
1,441,933
533,859
3,607,410
3,005,22*j
5,488,483
6,377,746
2,114,995
878,439
1,554,955
1,316,445
190,550
188,080

2,745,000

249,638

1,812,980
835,164

1,788,879

.

Louisiana
Texas
Arkansas
Tennessee
Missouri
Ohio
Indiana
Illinois

To

Circulat’n
under Act
of J’ne 20,
1874.

207,000

Mississippi..

Nevada
Colorado

Retire National Bank Circula¬
tion since June 20,1874.

239,340

144,000
2,071,800
814,760

4,605,920
4,488,541
6,624,080
7,998,680
2,479,495

113,925
32,796

295,731
125,325
217,456
38,705
97,690

2,115
8,672
406,165
119,381
779,904

1,505,299

1,097,174
1,709,488
988,523
455,235
344,752

2,366,624

467,834

1,736,546

293,161
270,591
10,609
2,108
29,877
21,232
47,120

972,271
233,080

161,191

149,400
196,800

284,483
357,991

72,300

45,000

117,300

297,000

*Legal tenders

(74,764,010 17,131,878 72,779,408 93,724,96l)l3,183,321
Deposited prior to June 20,1874, and remaining at that date.

Totals
*

United States

Coupons Destroyed.—The press dispatches
Washington Sept. 30 state that a person in Illinois recently
applied to the Secretary of the Treasury for the redemption of five
from

of United States bonds, representing several thousand
The applicant alleged that for safe
keeping he had
placed the coupons in a tin box and deposited them in a stove¬
pipe; that a fire was built in the stove and the coupons were
destroyed. The ashes, however, were retained in the box and
were presented with the
application for redemption.
The
matter was referred to First Comptroller Porter for his decision.
A scientific examination satisfactorily
proved that the contents
of the box were the remains of the
coupons as alleged. The
decision in the case which has just been rendered is
very
important from the fact that it holds that “ the statute author¬
izing the redemption of called bonds, where, clear and
unequivocal evidence has been furnished that they have been
destroyed, does not apply to coupons which at the time of the
alleged destruction thereof have been detached from the bonds.”
The coupons in question having been detached from the bonds
coupons

dollars.

cannot therefore be redeemed.

Wilmington Columbia & Augusta.—This road was sold
under decree of foreclosure at Wilmington, N. C.,
by Duncan
J. Devane, commissioner, and was purchased by a committee of
first mortgage bondholders for $860,500. The terms were

$20,000 cash, and the rest in three, six and nine months. The
purchase the road on behalf of the bondholders
included Messrs. Wm. T. Walters, B. F. Newcomer and Thomas
committee to

C. Jenkins of Baltimore.
—Attention is called to the notice in another column of the
dissolution of the old and favorably-known house of Messrs.
H. Tileston & Co., for many years prominent
as members of the
New York Cotton Exchange. A new firm has been formed
under the name of H. Tileston & Co., which will transact a
gen¬
eral commission business in stocks, bonds, &c., and cotton. The

members comprising the new house will be Mr. H. Tileston and
$19,036,330

‘

$93,724,961

dates,

January 14,1875

Statement of the

Dakota
California

National Banks
July 31.
Aug. 31.
Sept. 30.
Bonds for circulation deposited.. .$12,690,750
$9,310,050 $6,395,000
Bonds for circulation withdrawn. 13,743,550
7,872,900
3,003,450
Total held for circulation
353,201,800 355,638,950 359,030,500
Bonds held as security for deposits

Legal-Tender Notes —
Deposited in Treasury under

Retired under Act of

Minnesota....

13,375,631 53 22,402,591 09

same

deposit at date

14,080
9,465

Previously reported ($6,066,187 silv., and $25,919,325 gold).32,Ola,512

Receipts.

On

200

Am. silver.....
Am. gold

Liverpool

89,911,286

Total deposits
Circulation redeemed by Treasurer oetween
without re-issue

919

490
554
1,280
4,506
9,950
1,265
50,076
13,437

gold

Foreign silver.

C. of Rio de Jan’o.St. Thomas

26—Str. C. of Brussels
26—Str. Neckar

429
571

Am.

Belize....

$3,813,675

bank notes

$414

Foreign silver.
Foreign gold...

22—Str. C. of Vera Cruz..Vera Cruz

Greenbacks—
On deposit in the Treasury June 20, 1874, to retire notes
of insolvent and liquidating banks

Deposited from June 20,1874, to date, to retire national

Cartkageua and Aspinwall

[Tot,. XXIX.

$332,825,120

J. Davis Tileston as general partners, and Mr. Cornelius Fellowes as special partner. This firm, like its
predecessor, will no
doubt command a large patronage.
,

October 4, 1S79.

THE CHRONICLE.

|

from some other holder for investment. The First National
Bank and the Bank of Commerce, of New
York, on Sept, 80
closed up their accounts with the
Treasury for their subscrip*tions to the 4 per cent bonds, by
forwarding to the Treasurer of
the United States a check for the balance due
-$3,600,000. This

ghje flankers' (Sa^rttc.
NATIONAL BANKS ORGANIZED,

The United States

Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
2,437—Attica National Bank, Attica, New York. Authorized capital*
$50,000; paid-in capital, $30,000. Charles B. Benedict, Presi¬
dent;

Lewis Benedict,
■business Sept. 27, 1879.

Cashier.

Authorized

to

commence

DIVIDENDS.
The following dividends have recently been announced:
Name of

Per
Cent.

Company.

Railroads.
Bost. Clint’n Fitch. & N. Bed.pref.
JFrankfort & Kokomo
Housatonic pref. (quar.)
Nashville Chattanooga & St.Louis
Nashua & Rochester
Pittsb. Ft. Wayne & Chic. (quar.).

do
do
special (quar.).
Sioux City <& Pacitic pref
Vermont & Massachusetts
Banks.
Gallatin National
Insurance.
North River
.

$2

When

Books Closed.

Payable.

(Days inclusive.)

Oct.
Oct.
Oct.
Oct.
Oct.
Oct.

15.
15. Oct.
15. Oct.
4.
1.
1.

20.

3

Oct.
Oct.
Oct.

4

Oct.

10. Oct.

1%

$2
1%

1%
1%
1%
3*2

4

10. Oct.

finally closed the refunding operations of the Government until
1881, excepting the matter of converting the few remaining 4 per

cent certificates

into bonds.
All the proceeds have now been
paid into the Treasury except the called bonds and coupons now
in transit from the Government
Agent in London. The amount
of called bonds
outstanding not yet presented for payment on
Sept. 30 was $28,971,800 ; all of which bonds are provided for
by cash in the Treasury except $676,050, for which an equal
amount of four per cent bonds is retained in the
Department
unsold.

Closing prices at the N. Y. Board have been
7
6

to
to

Oct.
Oct.

15
15

Interest
Periods.

6s,
6s,
6s,
6s,

1.
7.

Oct.

2

4

to
to

Oct.
Oct.

8
9

FRIDAY, OCT. 3, 1879-5 P. N.
The Money Market and Financial Situation.
The
pres¬
ent week has been at the Stock
Exchange the 4‘maddest, mer¬
riest ” week of all the

current year.
The excitement at the
Stock Board beggars description, and some
days of the week
liave shown the largest daily volume of business ever known
since the sessions were limited to 3 P. M.
There is little posi¬

tively new in regard to the situation of stocks, except as to the coal
combination, and that bears so directly upon the prices of the

1880
reg
1880
coup
1881
reg.
1881
coup.
5s, 1881
reg.
5s, 1881
coup.
4%s, 1891
reg.
4%s, 1891
coup.
4s, 1907
reg.
4s, 1907
coup.
68, cur’cy, 1895..reg.

stocks, that it would at any time have been a
sufficient reason for a large advance in those
prices, even
had it come at a time remote from the
present “ boom ”
in the market. The agreement was
signed by the officers of
every company except the Lehigh Valley and Pennsylvania Rail¬

Associated Press dispatch from Philadelphia
says:
“Up to 1 o’clock this afternoon President Gowen had
received no information from President
Packer, of the Lehigh
Valley Coal Company, concerning his intentions with regard to
dhe new coal compact.
Those who have seen the agreement
•declare that the terms are so favorable that the
Lehigh interest
<camaot afford to decline to enter it.
The Pennsylvania Railroad
•officers say that the interest of that company in the matter is so
small that it is altogether probable that
they will join the
majority. They have not, however, signed the contract as yet,
•but are supposed to be
awaiting Mr. Packer’s decision.”
A most significant fact is that the
Philadelphia & Reading,
Lehigh Valley, and Delaware Lackawanna & Western Railroad
Companies this afternoon issued circulars advancing their prices
of coal 25 cents per ton, with the
warning of other advances
to follow.

an

Another advance has been made

on

the East bound

freights from Chicago, the following announcement being
made Thursday by Albert Fink, chairman of the
joint executive
committee of the trunk lines of railroads :
“ The joint execu¬

tive committee have voted in favor of an advance in East-bound
rates to the basis of 35 cents grain, 40 cents
fourth-class, and 50

oents for

power to fortify the position of their stocks, and in this
the situation is far different from the former
periods when

ling and cutting in rates

were

regard
wrang¬

the rule rather than the exception.

The stock brokers’ conclusion from this condition of affairs will
undoubtedly be that there is practically no short interest in the
markets and that the great railroad kings and the

heavy operat¬
for the time being, all on the bull side.
The money market has been
growing in stringency all the
week, and culminates at fu!17 percent, with commission paid on
stock loans as high as 3-16 of one per cent for one
day; even on
government bonds 6 per cent is paid on new business. Prime
paper moves more slowly in consequence of the activity in call
money, and quotations are about 51(tf6| per cent.
The Bank of England on Thursday showed a
decline in specie
for the week of £266,000, and the reserve was 56 9-16
per cent
of liabilities, against 59£ per cent last week.
The last statement of the New York
City Clearing-House banks,
issued September 27, showed a decrease of
$2,334,300 in the ex¬
cess above their 25
per cent legal reserve, the whole of such
excess being $2,569,350,
against $4,903,650 the previous week
The following table shows the changes from the
previous week
and a comparison with the two preceding years.
ors

Loans and die.

Specie........
Circulation
Net deposits
Legal tenders.
..

.

Differ’nces fr’m

1878.

Sept. 27.

1877.

previous week.

Sept. 28.

Sept. 29.

$260,763,700

Inc .$1,372,700
20.017,400 Inc.
75,400
21,531.900 Inc.
117,000
229,983,000 Inc. 1,712.000
40,047,700 Dec. 1,981,700

United. States Bonds.—The market

has shown

$216,322,500 $241,847,800
18,199,600
19,617,800
216,332,000

45,680,700

16,652,300
15,724,400
200,771,200
41,975,500

for Government bonds

activity and strength than for many weeks pre¬
viously. There has been a good investment demand for bonds,
but nothing that we hear of on speculation.
Savings banks
and financial institutions have been the
principal buyers, and
bonds to the extent of $500,000 or more were taken
by national
banks to. use as deposit for new circulation. There is no new
supply to feed the market, and each bond taken off has to come




more

follows:

Sept.

Sept.

Oct.

Oct.

Oct.

29.

30.

1.

2.

3.

*104
*104
*104
*104
*104
*104
*104
*104
*104
*104
105 % 105% 105% 105
105%
*105ie *105% *105
105
105%
103% 103% xOl % 1015g 102
*103
*103
102% 103% *103%

Q.-Mar.

outstanding

Oct. 1, 1879,

Range since Jan. 1,1879.
Lowest.

6s, 1880-1.. cp.
5s, 1881
cp.
4%s, 1891.. cp.
4s, 1907
cp.
6s, cur’ncy.reg.

104
99

Highest.

Registered.

Mch. 21 108

May 21
1 103% May 21
4 128
May 33

Apr.

119% Jan.

were

$205,720,650
275.245.400
166,139,750
472.862.400
64,623,512

Coupon.

$77,015,700
233,194,950
83,860,250

264,294,650

Closing prices of securities in London for
Jan. 1, 1879,

three weeks past
follows:

were as

Sept. Sept. Oct.
U. S. 5s of 1881
U. S. 4%s of 1891
U. S. 4s of 1907

19.

26.

105%

CO

108%
104%

O O 00^

as

Amount Oct. 1, 1879.

103% Aug. 29 1075s June 23
101% Aug. 27 107% Jan. 15

the range since

and

Range since Jan. 1,1879.

3.

Lowest.

Highest.

106% 105
July 16 109% Jan. 4
109% 106% Meli. 24 110
May 2
Mch. 26 105% May 22
105% 101

State and. Railroad Bonds.—In State bonds
there have been
few transactions except some sales of the lowest
priced North.
Carolina and other Southern bonds purely on speculation.
The
South Carolina bond decision does not clear up the condition of
affairs in regard to the bonds of that State, and much confusion

must

yet exist

as

to the status of different issues.

In railroad bonds the transactions in Erie 2d consolidated have
been on an enormous scale and the advance has been
large, the
bonds following the course of the stock.
The other speculative
bonds have also been active, and with all classes of
bonds, sound
or

unsound, the tendency is still towards higher figures.
following at auction:

Messrs. A. H. Muller & Son sold the
Shares.

Shares.
5 Del. & Hudson Canal

5,000 Harrington Min’g Co.,
Bodie Miuing District,
Mono
County,
Cal.,
for

Co., $100 each
60 Gondola Raft

$3,000

18,500 Niagara Gold & Silver
Mining Co., Gold Hill,
Storey County, New,
tor.

$50 each

$5,000
114

..

50

Co., $50

each, for

$100

Bonds.

25 People’s Fire Ins. Co.,

are,

1879.

27.

J. & J. *103%
J. & J. *103%
J. & J. 1051s
J. & J. *105
Q.-Feb. 103
Q.-Feb. 103

follows:

hogs, from Chicago

to New York, to take place Oct. 13.”
It thus appears that the railroad officers are
doing all in their

Sept.

as

Q.-Mar. *10538 *105% 105% 105% 1055s 105%
10512 1055s 105% 105% *10558 *105%
Q.-Jau. 101% 101% 101% *101% 101% 101%
Q.-Jan. 10212 1025Q 102% XOl 5g 102% 101%
J. & J. '121% '121 % *121
*121
*121
*121
68, cur’cy, 1896..reg. J. & J. *121% *121% *121
•121% *121
*121
6s, cur’cy, 1897..reg. J. & J. *12178 *121% *121
*122
*121
*121
68, cur’cy, 1898..reg. J. & J. *121% *121% *122% *122% *122
*121
6s, cur’cy, 1899..reg. J. & J. *121% *121% *122% *123
*122% *121
*
This is the price bid; no sale was made at the Board.
The range in prices since January 1, 1879, and the amount
of each class of bonds

coal-road

road, and to-day

351

20 Rutgers Fire Ins. Co.,

177
$-'5 each
6 Importers’ & Traders’
Ins. Co., $50 each
101

$1,500 N. Y. City 5s, gold,

due 1928
107**
1,000 Jersey City 7s, im¬
provement, due 1392. 96%
1,000 Jersey City 7s. im¬
provement, due 1894. 95%
2,000 Jersey City 7s, im¬
provement, due 1892. 96%

Closing prices of leading State bonds for two weeks past, and

the range since Jan. 1, 1879, have been as follows:
States.

Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s, old

Virginia 6s, consol
do
do
2d series.
District of Columbia 3-65s...
*

Sept.

Oct.

26.

3.

*39
*106

39%

*106
*23% *23
*30
*31
*82% *83
*31

**84

*84

Range since Jan. 1,1879.
Lowest.
36

July 24

1035s Mch.
18
30

Highest.

Feb.

Railroad and

Jan.

6

Aug. 20

42

Feb. 13

73% June 20

73% June 20

37

44

Sept. 25

79*2 Jan.
3
This is the price bid; no sale was made at the Board.

has this week
in the general

69

5 107% June 10
8 25 78 June 14
Mch. 28

885s May 23

Miscellaneous Stocks.—The stock market

outstripped all previous weeks of the present year
activity, .excitement, and buoyancy in prices. Thd
great points of the week have been the pending coal combination
and the reports of a change in Erie management at the next
election.
Whatever of truth there may be in the latter report, it
has been accepted on the market as an accomplished fact, and
Mr. Vanderbilt has been accredited as the heavy purchaser.
Under this influence the common stock went up to 38, and thd
preferred stock and second consolidated bonds went up in sympathy therewith. The contract for a coal combination was exe~
cuted by all the leading companies except the Lehigh Valley, on
Thursday, and the stocks jumped up 4@6 per cent in a short
time ; to-day, there was some reaction, but the reports from Phil¬
adelphia indicated a belief that the Lehigh Valley interest would.

352

THE CHRONICLE.

in, and the companies also advanced their circular prices in
Another advance in East-bound
freights has also
been made, and it looks as if the trunk line
managers had deter¬
mined to put up the rates, if they can, to a
point that will enable
the poorest of the trunk lines to earn much
larger net profits than
heretofore on the same tonnage.
Pacific Mail has been a leading
feature in the market, and the
president of the company
announces that the
company to-day paid to the Panama Railroad
$200,000 in cash on indebtedness contracted prior to the present
administration, which makes the total reduction on the indebted¬
ness of the
company, since the 28th of May last, nearly $500,000.
The daily highest and lowest nrices have been as follows:
come

-—Latest earnings reported.—, /-Jan. 1 to latest
date.-s
Week or Mo.
1879.
1878.
1879.

New York.

[fe *

1878.

Atch.Top. & S. F.3d wkSept. $150,000 $114,000 $4,162,018 $2,012,330
Atl.&Gt. West...August.... 423,803
309,761
Atlantic Miss.<feO. August
134,955
155,012
988,665 1,044,265
Bur. C. Rap. &N..3dwkSept.
35.614
988.306 1,093,208
38,074
Burl.&Mo.R.in N. July
Cairo&St.Louis.. 1st wkSept

104,069
79,688
966,757
814,769
8,069
- 5,047
164,268
154,432
Central Pacific...August.... 1,552,000
1,726,667 10,849,408 11,094,474
Ches. & Ohio.. ..August.... 215,695
189,053 1,201,886 1,229,928
112,473 3,946,417 3,444,271
946,427 7,504,062 7,364,218
21,700
Chic. Mil. & 8t. P.4thwkSep. 332,000
181,779 6,557,000 6,102,316
Chic. & Northwest August.. 1.1,347,000 1,266,460
9,613,529 9,487,936
riii/1
At ATit. Q/l tttI/O A £>11
TO 007
Chic. St. P. &
Min.3d wkSept.
24,641
732 427
18,337
623,121
Saturday, Monday, Tuesday, Wednes., Thursd’y, Friday.
Clev. Mt. V. & D. .2d wk Sept.
8,334
8,496
265,494
Sept. 27.
257,846
Sept. 29.
Sept. 30.
Oct. 1.
Oct. 2.
Oct. 3.
Dakota Southern. July
14,529
19,194
118,328
124,301
Denv.S.P’kcfc Pac. August
Canada South. 69% 70
69
91,204
6936 7034 6936 6936 6936 7036
70
399,887
Cent, of N.J.. 59% 61
5934 6136
60
Dubuque& S.City.3d wk Sept.
60
23,314
61% 6026 6a
22,324
577,650
676,376
Chic. & Alton. 96J6 97
97
97
97
*96
97
9636 9636 *96
Frank.&Kokomo.July...:
4,580
3,088
22,953
19,003
Chic. Bur. & Q. 114}|ll4% 114% 11426 11426
114
Gal.Har.&S. An.July
115
11336
98,580
83,877
Cbic.M.& St.P. 6834 0834! 68% 6934 +6936
x6726 6836 6836
Gal.
Houst.
OS-24
&
H.
7134
37,317
do
.August
101 1101
35,859
101
pref. 101
281,330
101
230,250
10136 x9736 9836 9736
98
Grand Trunk. Wk.end. Sep.20 197,244
Chic. &N. W.. SOU 823-6
182,624 G,141,893 6,249,143
8326 8226 84
83)6 8436 8426
83
Gr’t
do
Western.
Wk.eud.
pref. 5*9% 9934
Sep.26
9926 9924 10034 9936 10134 101
98,692
98,454 3,115,289 3,355,017
10134 10024 10134
Chic. R. I.&P. *....142
Hannibal & St. Jo. 3d wkSept.
14136 14136 14234 14234 *139 142
xl39 139
44,647
53,630 1,239,567 1,355,969
13836 13836
Chic. St.P.&M.
46
46
463
45
Houst.
<fe
Tex. C.. August
4536
4536 4526 45% 46
46
232,122
196,237 1,621,644 1,372,997
Clev.C. C. &I. 5636 5934 58
o7
58
592
59
57
Illinois Cen. (Ill.).. August
5736
5836
5934
474,661
572,827 3,436.682 3,602,145
Col.Chic.&I.C. 1236 1336
1226 m 1226 1124
12
1336 1236 1334
do
(Iowa).. August
Del. & H.Canal 56
104,677 103,062
883,648 1,009,300
5636
5736 57
64 H 614 6636
6036 5936 61
6036
Tilt. &Gt. North.. 3d wkSept.
Del.Lack.& W. 6536 6736 6636 6724 66
45,218
37,253 1,025,185
6834
6926 6826 75
896,673
7126 75
Han. & St. Jo.. 23& 2436 2336
Kan.C.St.
J.&
C.B,
"" 25
July
135,467
2434 2424
98,916
2436 24-24 25
2436 2034
do
pref. 52
Kansas
52H 52% 5534 5336 5436 53
wk
Pacific....4th
5324 53)6 5434 53-24 5 a
J’ly 117,363
93,476 2,365,235 1.739,159
Illinois Cent...
9194 9126 9124 92
Mo. Kans. &Tex. ,3d wkSept.
9136 9136 9126 92
9136 .9136
89,170
81,557 2,062,731 2,008,772
Kansas Pacific
70
70
70
70
6936 70
70
72
Mobile
&
7234
Ohio
August
104,600
Lake Shore.... 9336 94
114,979 1,060,673 1,146,589
9324 9426 9436 95% 9434 95
95
9436
92)6
9436
Nashv.Ch.&St. L. August
Louisv.& Nash 6056 61
142,182 129,859 1,113.658 1,064,535
6036 6136 6136 6334 6226 03-26 63
64
6324 0436
N.Y.L. Erie &W.. June
Mich. Central.. 85^6 8634 8634 89
1,230,419 1,258,988 7,664,792 7,131,666
8724 90
8824 90
8926 904 88
8936 Fad.&Elisabetht.
Mo. Kans. & T. 1794 1834 17*14 1836
1st wkSept
1824 2134 20
6,238
2134 2036 2136 1936 21
6,510
190,352
215,050
Mor. & Essex.. 94
Pad. & Memphis.. 2d wkSept.
9436 93
9436 93
933/, 9336 9426 94
96
9534 94
2,524
1,808
106,456
135,974
N.Y. C. & H. It. 11936 119*6!119
11924 119 119 “
11924
H9-24
Pennsylvania
.August....2,982,718 2,972,601 21,179,684 19,961,272
N.Y. L.E.&W.
32
3426 3224 3436 ■3234 3436 35
3636
Phila.
3526
&Erie
38
August.... 275,907 262,073 1,871.010 1,737,806
do
pref. 5536 57X 5736 60
58
61
5926 5636 5936 60
6124 6334 Pliila. & Reading. August
Northern Pac. 22
1,462,280 1,402,792 9,460,469 8,060,937
2234 2236 2236 2236 2336 2224 23
24
2336 23
do
49
pref.
St.L.A.&T.Hjbrs) 3d wkSept.
4936 4836 49
49
50
49
15,090
50
51
12,472
50
367,025
336,550
5026
Ohio & Miss..
1736 1834 1836 1926 1924 2036 1926 1936
2026 1924 2024 St.L. Iron Mt.&S. 3d wkSept. 166,504
124,354 3,129,920 2,832,781
Pacific Mail.... 26% 2736 2734 2724 2724
St. L. K. C. & No .2d wk Aug.
2926 2936 3026
3236
29-24
33
56,739
76,841 1,801,493 1,887,735
Panama
160
160
160
162
170
170
167
St. L. <fc San Fran. 3d wk Sept.
16736 *167 175
166
166
44,000
St.L &I.M.assd
953.799
28,400
827,009
4434 4334 4436 4324 44
44
4336 44
43-24
4224
4434
St.L.&S.E.—St.L..3d
wkSept.
St.L.K.C.&N.
20,786
17,156
25
499,930
2436 24
453,893
2424 25 I 24
2436! 2434 2536 2436 2424
St.Paul
&S.
do
pref. 5936 60
City.July
47,622
5924 61
47,720
592* 60361 5924 6036! 60
349,775
332,833
6036 5834 6036 Scioto
St.L. & S.Fran. 19
1926 1934 1936 1934 1924! 1936 1936! 1936 1936 1931 1936
Valley
August
29,005
29,082
202,816
174,573
do
pref. 2134 2236 22
Sioux
22
2236 21
! 2136 2124i 2124 2234 22
City <fe St.P. July
28,325
188.063
2226
27,519
207,232
do 1st prf. 4636 49
48
49
47
Southern Minn.. .August
47
4S36) 4636 4636 47
4536 4624
38,807
29,153
354,527
Sutro Tunnel.
456,337
3
3
2*6
334
3
336
3
33si 3
336
336
336 Tol.Peoria&War .3dwkSept.
Union Pacific.. 82
30,792
36,234
862,272
8236 8234 8434 83-24 8534! 8426 S524I 8524 S7
926,829
8536 8626
Union
Pacific....
Wabash
42^6 432s 4336 4436 4336 4426! 4326 4434! 4336 4436 4334 44
26dysSep.1,106,661 1,000,980
West. Un. Tel. 9436 9556 9426 95>6 9426
Wabash
3d wkSept, 134,361
94361 9336 9426! 9334 94
123,927 3,314,532 3,535,179
9226 9326
These are the prices bid and asked: no sale was made at
Exchange.—The drawers of sterling hills report the rates
the Board.
t Bales were also made, ex-div., at
67%a’68%.
about steady, and to-day tbe
leading bankers ask 4.82 and 4.84,
Total sales this week, and the range in prices for 1878 and while the actual rates on business are about 4.81(3)4.811 on

g“

-S3*

..

HP*

I

[Vol. XXIX.

U«S8
8*

W*

75821
12*

...m

8* 8*

..

■"

‘

‘

.

*

I&

60

.

since Jan. 1, 1879,

were as

follows:

Sales of
Week.
Shares.

days, and 4.83@4.83£

Lowest.

Canada Southern....
9,751
45% Jan.
Central of N. J
166,480
33% Jan.
&
Chicago
Alton
684
75
Mch.
Chic. Burl.& Quincy.
2,149 111% Jan.
Chic. Mil. & St. P.... 149,505
34% Jau.
do
do pref.
5,563
74% Jau.
Chicago & Northw... 162,880 49% Jan.
do
do
pref.
13,049
76% Jan.
Chic. Rock lsl.& Pac.
585 119
Jan.
Chic. St. P.& Minn.*.
21
2,400
May
Clev. Col. Cin. & Ind.
16,570
34% Jan.
Col. Chic.& Ind. Cent
5
19,590
Jau.
Del. & Hudson Canal
56,613
38
Jan.
Del. Lack. & Western 278,705
43
Jan.
Hannibal & St. Jo
16,575
13% Jan.
...

do

do

prof.

21,200
Illinois Central
2,920
Kansas Pacific
5,900
Lake Shore
113,355
Louisville & Nashv..
21,595
Michigan Central.... 40,939

34

7,298

67

35

7334
5%
75%

16

5%47
44%
Ohio & Mississippi...
52,832
734
Pacific Mail
109,740 10%
Panama
648 123
St. L. I. Mt. & South.
13
16,943
St. L. K. C. & North.
7
10,325
do
pref.
14,850
25%
St. L. & S. Francisco.
3,443
3%
do
pref.
8,420
4%
do
1st pref.
5,622
9%
Sutro Tunnel
14,420
2%
Union Pacific
35,871
57%
Wabash
50,710
17%
Western Union Tel..
70,784
88%

Central
of N. J.

Sept. 27

26,330

29
30

29.320

“

“

Oct.
“

“

17,350

1
2
3

16.700

44,200
32,580

St.

North¬

Paul.

west.

9,835
15,895
31,825
22,600
24,670

44,680

Jan.

1878.

Highest.

3
2
3
7
4
4
3
3
S
5
2
4
2
2
4
10

Low.; High.

70% Sept. 30

66

Oct.

97

Sept. 15

38
13%
66%

3

122% Feb. 19
71 % Oct.
3
101% Sept. 25
85

102

Oct.

45%

45%
85

99% 114%
27% 54%

2

Sept. 17

64

84%

32%

55%
79%

5934
98% 122

142% Sept, 24
47% Sept. 6

59% Sept. 29
14% Sept. 26
66% Oct,
3

23

38%

2%
34%

75

Oct,
2
26% Oct.
3
55% Sept. 29
93% Sept. 11
73 % Sept, 15

79% Mch. 26
9% Jan. 21

Missouri Kan. & Tex. 118,920
Morris & Essex
20,615
N. Y. Cent. & Hud.R.
357 112
N.Y. Lake E.
West. 706,212
21%
do pref
40,120
37%

Northern Pacifict...
do
pref.t

Range for

Prices since Jan. 1,1879.

6%

59%

41
10

61%

21%

41%

72%

87

16%

4

12%

Jau.
6 95% Sept. 30 55% 71%
Feb. 13 70% May 12! 35
39
2
Jan.
90% Oct.
2 53% 75
4 21% Oct.
Jan.
2
2
7%
3
Jan.
96
Oct.
3
67 %r 89
Mch. 24 121% June 14 103% 115
4
Jan.
33
Oet.
3
7% 22%
0
Jan.
63% Oct,
3
38
.

Aug.

Aug.

9
30
4

24% Sept. 19
51% Sept. 19
20% Oct.
3

Jau.
Jan. 13
Jau.
Jau.
Jan.

33
2 170
0

2
2
8
21
23
16
31

Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
Mch. 13

Aug.

25,025
28,850

22,950

28,025
22,880
35,150

4

21%^

Oct,

6 34
12%

3

11%
23%

131
Sept. 30 112
5
45% Sept, 20
15%
25% Sept. 23
3%
7%
61
Sept. 23 19
26%
22
1%
Sept. 22
4%
23% Sept. 22
1%
5%
49% Sept. 22
5% 1134
5
4% Meh. 17
3%
87
Oct.
2 61% 73
44% Sept. 30 12% 23%
116
June 11
75% 102

29,267
29,278
45,440
31,840
90,650
52,230

7.100 116,675

8,745 170.000
48,850! 84,875
29,950, 83,070
13,800,108,398

10,475jl42,694

*■

7,035
21,480
30,525
10,790
14,860
28,665

Total.
166,480 149,505 162,830 278,705
Whole stock. 175,400 154.042 149.886 524.000 118,9201706,212 113,355
214.050(780,000 494,665
..

i

n

last line for the purpose of
comparison.
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the

gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to. and including, the period men¬
tioned in the second column.




following were the rates of exchange
the undermentioned cities : Savannah—
buying $ off, selling £ off; Charleston, scarce, buying f discount,
New Orleans—commercial 1(3:5-10 discount, bank £
selling
discount ; St. Louis—1-10 discount ;
Chicago—75^COc. discount;
Boston, 40c. discount.
The quotations for foreign

exchange

October 3.

Good commercial

Documentary commercial

Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam

(guilders)
Hamburg (reichmarks)

Frankfort (reichmarks)

Bremen (reichmarks)
Berlin (reichmarks)

The

following

Sovereigns

are

3 80

X X Reichmarks.
X Guilders

4 72

ft$4 85

ft .3
ft 4
ft 4
ftl5
ft)15

85

78
3 90
00
Span’h Doubloons. 15 55
70
Mex. Doubloons.. 15 45
65
Fine silver bars
1 ll%ft 1 12%
Fiuegold bars....
par.ft%prem.
Boston Banks.— The
...

June

July

*

a

Specie.

%
129,489,000
129.973.500
130.510.500
130,963,600
130,583,300
134,824,800
129,931,700
128.606.500
127.896.500
128,035,500
129,133,000
130,578,100
131.174.200
129.447.200
127,747,900
127.793.200
126,748,000
126.027,300

ft 4, ,82

English silver

*

3.563.400
3.948.500
3.559.400
3,557,700
3.547.400
3.585.200
3.620.400
3.590.900
3.572.600
3.567.500
3.561.200
3,496,300
3.474.900
3.531.200
3.304.200
3.347.600
3.267,100
3.271.400

Other than Government and

are

62,036,882
61,810,186
61,740,307
62,221,496
82,171,993
61 974,527
01,415,440

23
30

July

Aug.

Sept.

—

—

,

3,886.700

4.168.200
4.165.500
4,118,400
4.433.500
4.717.100
5.433.900
5,890,800
5.386.300
5.354.200
5.643.900
5.159.100
4,777,000
4.375.200
4,182,000
4.180.900
4,034,000
4.379.300

*43,895,000
*44,391,200
*43,997,000
*43,606,400
*44,795,300
*45,332,100
*45,858,600
*47,067,900
*46,772,700
*46,838,500
*46,854,900
*45,803,800
*44,409,300
*42,945,600
*43,340,700
*43,853,300
*43.664.300

*44,524,800

26.437.800
26,569,000
26.704.100
26.675.100
26.578.300
26,640,000
26.915.300
26,538,700
26.572.500
26,635,200
26,700,600
26.749.800
26.832.100
26,981,400
27.117.800
27.197.500

27,376,900
27.545.100

*.
:

Lawful Money. Deposits.

62,972,906
62,784.728

10,539,218

62,880,264
62,749,828
62,550,008
62,639.944

16,569,557

4

61,932,961

62,740,441
62 688,249

;

44,033,227
51,329,031
49,413,570
45,176,053
47,775,068
51,738,637
47,866,112
49,241,607
43,383,417
43,253,354
43,813,373
48,193.104
51,820,024
44,612,516
47,305,866
44,932,820
48,392.118
45,506.856

banks, less Clearing House checks.

15,883,014
15,311,615
15,790,181
16,205,151
16,533,493
16.307,446
17,405,816
17,396,893
17,590,102
17,011,709
16,308,517

11
18
2>
1

22

9934 ft —par.
99 %@ —par,
92 ft — 95
87 ft — 88%
75 ft 4 83
68 ft - 70
9938 ft — 99%
9934ft par.

Philadelphia banks
Circulation
$

June 16
“

coins:
—

L. Tenders. Deposits. Circulation. Agg.Clear.
S
*

follows:
Loans.

4.8234ft4.83%
ft4.82%
4.81%ft4.82
5.23%ft5.22%
5.23%ft5.22%
5.22%@5.21%
39%® 4:0
94% ft 94%
94%ft 94%
94%ft 94%
94%ft 94%
4.82

the totals of the BoBton

Philadelphia Banks,—The totals of the

are as

4.83%ft4.84

...

Prus. silv. thalers
Trade dollars.
New silver dollars

series of weeks past:

Demand.

4.80%ft4, ,81
4.80
©4. ,80%
4.79%ft4, ,80
5.25%ft5. 24%
5.26*4 ft5. 25
5.25 ft 5. 233j
39%@ 39%
94 ft
94%
94 ft 94%
94 ft 94%
94 ft 94%

Dimes & % dimes
Silver %s and %s
Five francs
Mexican dollars.

tollowing

Loans.

4.81

:

days.

quotations in gold for various

$4 82

Napoleons

banks for

follows

are as
60

Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...

Lake
Shore.

•

Ji

In domestic bills the
New York to-day at

demand.

on

-

Del. L. Mo. K. IN. Y. L.
& West. & Texas: E. & W.

on

16,614,554

17,377.438
17,500,784

50.721,250
49,713,483
50,309,722
51,378,936
51,811,642
51,512,347
51,901,368
52,980,548
52,719,432
52,015,168
51,415,739
51,565,795
51,580,453
40,609,121
52,817,043
53,224,187

11,424,901
11,397,218
11,383,105
11,398,306

11,406,680
11,423,810
11,415,745
11,406,477

11,437,010
11,438,106
11,430,589
11,445.171
11,500,647
11,516,320
11,568.656
11,788,858

Agg. Clear.
$

38,804,535
37,579,238
34,442,141
37,789,094
34,090,465
37,197,358
34,940,097
35,745,324
35,792,049
32,011,855
31,318,858
30,002,487
33.978,324
35.100,893
38*264*123

38,061,706

October

THE

4, lb79.j

New York. City

CHRONICLE.

ending at the commencement of

New York City for the week

business on Sept. 27, 1879

:

Average amount of

Capital.

Banks.

Loans and

discounts

New York

Manhattan Co...
Merchants

Mechanics’
Union
America
Phoenix
City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr
Greenwich
Leather Man’f’rs
Seventh Ward...

Pacific

Republic

1,500,000

.State of N. York.
American Exch..
Commerce..

Broadway

Mercantile
Chatham

8.313.200
5,555,000

Irving

Metropolitan

....

'Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine

Importers’ & Tr..
Park <
Mech. Bkg. Ass’n
Grocers’
North River
East River
Manuf’rs& Mer..
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..

Bowery National
N. York County..
Germ’n Americ’n

8.998.300

610.500

2,887,000
6,008,800

291.000

339,000

1,035,400
253,000
177.200
1.959.800
235.400
161.500
181,100
38,000

495,000
174.500
846.400
1,541,100
654.200
337.100

1.621.600
10.956.700

3.844.400
3.695.300
1.312.300
1,155,000
859,100
2.733.100
874.800
2,013.600
13,337,000
13,926,401'
5.127.100
3.417.800

16.400
200.700
63.400
113.700
1.346,000

1.183.300
370.600
366.600

4,066,900

71.400
92.600

3,168.000

104,000

2.109.500

412,500
700,000
1,000,000
500,000
3,000,000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
1,500,000
2,000,000
500,000

1.427.500

53.100

1.591.400
5.670.700
2.507.500

82,000
625,600
137,900

12,578,000

257,01*0

7,458,500
3.546.200
5.573.500

„

5.586.200

1.737.200
1.253.700
11,381,200

787,266

3,256 800

027,300

534.700
264.400

114.100

2,033,600
1,081,000

206,000
154.200
387.700

769,000
2,077.600

138.000

781.500

960,000

1.379.400

390.700

920.000

9,363,000
8.945.300

445,000
1,505,800

473.900
409.800
426.000

3.585.300
3.104.700
2,043.500
1.742.700
2,957,000
1,42i.600
1.408.500

349,000
652,000
223.300
187,000
897.300
432.800
2,632,000
285,000

2.322.600
1,804,000

17,000
24.800

317,000

3.213.000

288.000

570,000

3.717.200
4.610.200

102.400
5.400
21.100

444,600
713.500

240,000
250,000
100,000
3,200,000
2,000,000

814.800
784,900
305,000

31.700

127.100

904,900

98,300

15.888.900

1.121.800
450,000

2.383.700

612.700
340.000

162,000

15.154.500
7.651.000

220.000

86.000
2.838,400
1.650,000
365.000

324,000

782,000

1.499.300

989.100
959.500
155.600
310,000
307.700
195.600

3.947.000
10.526.000

787.200
1,491,000
269,000
599,000
288.200
798,400
268,900
225,000
180,000

925,000
60.200
31,' 00
11.700

130,800
104.400

260.763,700'20,017,400

60.800,200

2,466,000

470.800

7.015.300
825.800

1.006,700
1,113,000
1,695,900
2.249.300

40.047,700 229,983,000 21,531,900

The deviations from returns of previous week are as follows :
Loans and discounts

Inc..fl.372,700
75,400
1,981,700

Specie
Legal tenders

Inc..
Dec.

1879.
1..
8..
15..
21..
1..
8..

Feb.
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.

Apr.
Apr.
Apr.
Apr.
May
May
May
May
May

S
238.241.400

18,633.330

242.280.200
244.186.500
244,007,000

246.716.900
247.674.200
246.324.500
243.839.800
240.458.500
235.836.600
230.442.900
231.151.300
231,096,900
239.357.800
242.941.600
253.838.500
257.636.500
257.272.800
258.332.700
256,291,000

15..

22..
29..

5..

12..
19..
26..
3..
10..
17..
24..
31..

June 7..
June 14.;
June 21..
June 28..

255.901.600
253.575.500

July 5..
July 12..

$

July 26..
2..

Aug.

9.Aug. 16..
Aug. 23..
Aug. 30..
Aug.

6..

Sept. 13..

Sept. 20..
Sept. 27..

Inc..

147,000

Deposits. Circulation. Agg. Clear

54,048,830
51.135.400
48.334.800
45,377,000
42.651.800
40.593.800
39.173.400
36,972,600
34.268.900
31.815.800
36.145.400
40,672,100
45.224.500
49.440.500
53,576,700
49.150.900
43.284.900
41.791.400
42.822.800

219,219,230 19.486.600 611,674,082
219.387.300 19.427.100 403,410,515
217.271.200 19.398.800 452,720,433
216.382.600 19.335.900 434,908,904
213.429.700 19.232.400 516,297,775
213,293,100 19,236,000 501,321,270
210.563.300 19.335.200 400,417,429
206.591.400 19,290,000 413,892,738
198.945.600 19.512.100 399.872.657

54.288.100
57.655.100

50,435,500
43,974,000
41.838.600
41,279,300
40,088,900
39.481.100
42,029,400
40,047.700

Bid. Ask.

BOSTON.
Maine 6s
New Hampshire

$

*

193.121.700 19.635.500
195.303.700 19.696.100
200,255,000 19.721.200
204.514.200 19.707.600
214.331.700 19.683.100
224.937.200 19,688,000
230.424.700 19.685.400
227.345.600 19.856.600
225,754,000 19.869.400
226.963.800 19.977.800
227.816.700 20,056,800
226,177,000 20.156.200
226.113.600 20.371.300
236,007,300 20.542.900
241.328.800 20.509.900
240.154.300 20.531.600
243.383,000 20.549.500
254.770.700 20.594.800
253.230.200 20.682.100
248.474.600 20.719.500
235.953.900 20.827.500
225.517.400 20.942.500
226.635.600 21.372.300
225.572.900 21.603.500
228,271,000 21.384.900
229,983,000 21.531.900

461.180.657
423.259.559
487,843,450
503,108,030
546,798,625
591,290,770
598.236.201
529,996,936
439,750,395
472,828,088
450,084,041
456,961,901
432,735,690
432.526,468

391,835,789
481.691.657
494,794,747
491.715.201
560,036,583
605,012,052
482,688,369
476,563,861
452,345,265
507,109,348
530.921,366

591.859.560

6s

....

6s
Massachusetts5s, gold.......
Boston 6s, currency
Vprmont

36
Hartford & Erie 7s. new
Kai. City. 8t. Jo.&C. B. Is. .
New York & New Eng. 7s ... 104%
Ogdens burg & Lake Ch.Ss...
Old Colony, 7b
....
do
6s

....

....

7s..

Municipal 78

Omaha * S. Western, 8s ....
Pueblo & Ark. Valley, 7s.....
Rutland 8s, 1st mort
Vermont * Canada, new 8s..

Atch. & Tcpcka 1st m.7s
ii2% 113 Vermont*Mass. RR.,6s
do
land grant 7s 112%
8TOCK8.
do
2d 7s......... uo% iVo«
Atchison & Topeka
do
land Inc. 8s..
121%, At.hi o » & Nebraska
Boston * Albany 7s
6s
do
m%, Boston * Albany
Boston & Lowel1
Boston & Maine
lbs
Boston & Lowell 6s
Boston & Maine 7s
120% Boston & Providence
Boston * Providence 7s
Burlington & Mo. in Neb ...
Cheshtre preferred
lie
Burl. & Mo., land grant 7s....
Chic. Clinton Dub. & Min....
do’
Neb. 6s
106% iu7
Cln. Sandusky & Clev
do
Neb. 8s, 1883
Concord
Conn. * Passumpslc, 7s, 1897.
Connecticut River
Eastern, Mass,, 4^8, new. ... *79% 80
’

Fltchbnrg RR., 6e

do
7s
Fort Scott & Gulf 7s
Kan.

,




do

•

05

City Top. & W., 7s, 1st

do

Bid. Ask.

....

..

Chicago sewerage
do

8KOT7RITIKS.

~36%
97%

....

,,

78, inc.

98

rH r-i
•

,

112%
:

107

109

120%

101

7s, w’t’r ln,rg. &co.

7s, Mr.imp., reg.,’83-36.

do

N. Jersey 6s, reg. and coup...
do ' exempt, rg. & coup.
Camden County 6s, coup

106

11

41%

Williamsport.......
do
pref..
Mt. Joy & Lancaster.
Huntingdon* Broad Top...

Elmira &

41%

4%

pref.

7%

Lehigh Valley. ..

44%

Schuylkill

Mlnehlll

Nesquehoning Valley

100

Norristown
North Pennsylvania

43%
43%

Pennsylvania
Philadelphia* Erie
Pulladelphia & Reading
Philadelphia* Trenton

10*

19%

6%

54
102

45%

43%
19%

Conn. & Passumpslc
Eastern (Mass.)
Eastern (New Hampshire)...

Fitchburg......
—
Kan. City Top, * Western...

•

•

•

103% 105%
90

37%

99%
50

139%
70

90%
51
140
72

117%
•

• • •

80
142
42

19%
IIS

.

24%

24%

8%

pref...

10

1907

68, boat*car,rg.,1913
7s, boat*car.rg.,L9.5
Susquehanna 6s, coup.. .9.8 .*

RAILROAD BONDS.

Allegheny Vai.,7 3-10s, 1896...
do
is, E. ext., 1910 102
30
do
Inc. 7s, end., ’94
Belvidere Dela. 1st m.,6s,1902.
do
2dm. 6s. ’85..
do
3d m. 6s, ’37..
Camden & Amboy 6s,coup,’83 104
do
6s, coup., *89 105
mort. 6s, ’89
do
113%
Cam. * Atl. 1st m. 7s, g., 1903 117
do
2d in., 7s, cur., 1879
Cam. & Burlington Co. 6s’97.
Catawissa 1st, 7s, cony., ’82...
chat, m., 10s,’88

6s, exempt, 1887
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, iSSl, quart/....
do
6s, I8S6, J.&J
do
6s, 1890, quarterly...
do

6s,exempt,’93.M.&S.

do
do
do

6s. 1902, J. * J
5s, 19i6, new

08,1900, Q —J

Par.

Balt.* Ohio....
j.
100
do
1st prtf
do
2d pref
do
- Wash. Branch. 100
do
Parkersb’g Br..50
Northern Central..
50
Western

111

112

50

Maryland

6s, ’83...

Perklomen 1st m.6s,coup.,’9<
Phila.* Erie 1st m.6s, cp.,’8t
do
2d m. 78,cp.,’38. 110
Phila. * Read. 1st m.6s, ’43-’44

§ Cou. to Jan.. ’77. funded.

115
110
116

117

141% 143'
113

110
1C6
150
1

106%*

22%

si*

BONDS.

105
107

7*30s..

38

103

115

do
South. RR. 7*308.+ 115
115%
do
do
6s, gold.+ 105
Hamilton Co., O., 6s. long., .t 102
do
7s, 1 to 5 yrs..t 103
do
7 & 7*30s, long.t 110
Cln.* Cov. Bridge st’k, pref. 110
Cln. Ham. & D. 1st m. 7s, ’80 + 101
101%
do
2dm. 7s,’85 + 101
Cln. Ham. & Ind., 7s, guar..
80>
78
Cln. & Indiana 1st m. 7s
102%
do
2d m. 7s, ’77. f 90
Colum. * Xenia, 1st m. 7s, ’90 104

...

% Per share.

115
118
118
117'
117'
111
120»

Dayton & Mich. 1st m. 7s, 81+ 102% 102%
2dm. 7s,’84.+ 102
do
do
3d m. 7s, ’88+ 100%
Dayton & West, lstm., ’81...+
do
1st m., 1905.+

83

5s,perp........

In default.

Ill

113% 113*.

105#

'

•

108%.

Balt. & Ohio 6s, 1880, J.&J....
101% 102
do
6s, 1885, A.&O.
109
106
N. W. Va. 8d m.,guar.,’85,J*J 104
109
Plttsb.* Connell8V.7B,’98,J*J 110% 111
Northern Central 6s, ’85, J&J 107
119
do
6s. 1900, A.AO. 106
109
do 68, gld, 1900, J.&J.
104% 105
Cen. Ohio 6s, 1st m.,’90,M.& S.
106% 108%
W. Md. 6s, 1st m.,gr.’90.J.&J. 113
do
1st m., 1890, J. & J...
1(2
do
2dm.,guar., J.* J
113
do
2d m., pref
71
do 2dm.,gr. by W.Co.J&J 108 I...
do 6s, 3d m.. guar., J.* J. 114
Mar. & Cln. 7s, ’92, F. & A ...
99
do
2d, M.&N
52%
do
8s, 3d, J.&J
27
27%,
Union RR. 1st, guar., J. & J.. 108
Canion endorsed. 108
do
111

do

190(Ll904......

do
do
’48-.49,
2d m., 7s, op., Sf
do
do
deben., cp./?fc*
do
do
cps. ofc.
do
scrip, 1882. ...
do
In. m.7s, cp,1890
do cons. m. 7s, cp..!9i!..
do cons. m. 7s, rg.,1911..

109*
115
112
105

108
114
110
100
107
109

110%

Norfolk water, 8s

7s, gold, ’90. 112
108
do
2d m. 7s, gold,’95.
do
1st m.t’s, 190;
do
3d m. cons. 7s,’95*. 48% 40
Ind. Cln. & Laf. 1st m. 7s
Ithaca* Athens 1st g d, 7s.,’SO
do
(I.&C.) lstm.7s,’88+
Junction 1st more. 6-*, ’82
Little Miami 6s, ’83
+
do
2d mort. 6s, 19J0
Cln. Ham. * Dayton stock.
Lehigh Valley, lst,6s,cp., 1898 115
Columbus * Xeula stock...
do
do reg., 1893...
do 2 1 m. 7s, reg., 1910.. 120% 121% Dayton * Michigan stock..
do
8. p.c. st’k, guar
do
con. m., 6s,rg.,1923
Little Miami stock
6s,< p.,19.3 106*
do
do
LOUISVILLE.
Little Schuylkill, l6t m. 7s.’82
North. Penn. 1st m. 6s, cp.,’85.
Louisville 78
118
do
2d m.7s,cp.,’96.
do
6s,’82 to *87
+
do gen. m. 7s, cp., 1903.
111%
do
+
6s,’97 to’9S
do gen. m. 7s, reg., 190*3
do
water 6s,’87 to ’89 +
Oil Creek 1st m. 7s, coup.,’82.
do
water stock 6s,’97.+
40
do
wharf 6s
pittsb. Tltusv. & B., 7s, cp.,*96
+
do
scrip....
do
spec’l tax6s of ’89.+
119
i20
Pa.&N.Y.C.& RR.7s,1896 ...
Louisville Water 6s, Co. 1907 +
Jeff. M.&l.lstm. (I&M) 7b,’8!+
Pennsylv., 1st m., 6s, cp., *80..
do
gen. m. 6s, cp., 1910.
do
2dm., 7s
1
do
een.m. 6s, rg.,1910.
do
1st m., 7s, 1906....+
do
cons. m. 6*, rg., 1905.
Loulsv. C.& Lex. 1st m.7s,’97+
do
cons. m. 6s. cp., 1905.
Louis.* Fr’k.,Louisv.ln,6s,’8:
do
Navy Vard 6s, rg,’81
Loulsv. & Nashville—
Pe n. Co ,6s. reg
Leb. Br. 6s, ’86
+

19%

73

CINCINNATI.

H. & B. T. 1st m.

.

0b

6s, park, 1890, Q.—M. 113
6s, 1893, M.&S
115

Cincinnati 6s, long
do
7s

..

7s 1900

Chartiers Val., i3t m. 7s,C.,190.
Delaware mort., 6s, various.. 108
Del. & Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7s, *88
E1.& W’msport, 1st m., 7s, ’80.

43

94*

f'SP*

Susquehanna

53%

.19

Division

Morns.
do
pref

121

31%
52%

2d m. 68, reg.,

iov

.

Lehigh Navigation

Harrisburg 1st mort.

do
do
do

RAILROAD

CANAL STOCKS.

do

108

109
do m. eouv. g., reg.,’94
do mort. gold, ’9< — 102
do cons, m.78,rg.,19ll
92%
Morris, boat loan, reg., 1885..

50
6% Pittsburg & Connellsvllle..50

45

do
do
pref.
United N. J. Companies
West Chester consol, pref....
West Jersey

Connecting 6s,

Lehigh Navlga. m.,6s, reg.,’84
do
mort. RR., rg ,’97

Central Ohio

Phtla.Wflmtng. * Baltimore.
Pittsburg Tltusv. & Buff
St. Paul & Duluth R.R. Com

new

102;

CANAL BONDS.

RAILROAD STOCKS.

do

89

Chesap. & Dela. 1st 6s, rg.,’8G
Delaware Division 6s, cp.,’78.

do
do

43

do
Har. P.

Pennsylvania
Schuylkill Navigation

105'
100

Union & Tltusv. 1st m. 7s, ’90.
United N. J. cons. m. 6s, ’94..
Warren & F. 1st m.7s, ’96
West Chester cons. 7s, ’91
West Jersey 6s, deb., coup.,’S3
do
1st m. 6s, cp., ’96.
do
1st m. 7s,’99
Western Penn. RR. 6s,cp. 1899
do
6s P. B.,’96.

ao

do
pref.....
do
new pref
Delaware * Bound Brook....
East Pennsylvania

do
do

Stony Creek 1st m.7s 1907....
Snob. Haz. & W.,lst m.,5s,’23.
Sunbury & Erie 1st m. 7s, ’97..
syra.Gen.* CornV,lst,7s,1905 104
Texas & Pac. 1st m ,6s, g.,1905
do
cons. m.,6e,g.,1905
do
Inc.* 1. gr.,7s 1915 41

Maryland 6s, defense, J.& J..

Calawissa

Little

Phil.* R. cons.m.6s,g.l.l9ll. 101%
do conv. 7s, 1893*
do
7s, coup, off,’93 '36
Phil.&ILCoal&Lron deb. 7s,92
deb. 7s. cps.off
do
do mort., 7s, 1892-3
Phila. Wllm. & Balt. 6s, ’84...
Pitts.Cln.&St. L. 7s, cou.,1900 107% IQS,
Shamokin V.& Pottsv. 7s, 1901
Steubenv. & Ind. 1st, 6s, 1884.

BALTIMORE.

STOCKS.f
Atlantic—
pref
do

RAILROAD

do

Bid. Ask

SKOTTBITIKS.

;

Delaware

do

Etc.—Continued.

Pennsylvania 6s, coup., 1910..
Schuylk. Nav.l8t rn.6s.rg.,’97.

Camden City 6s, coupon
do
7s, reg. & coup

Delaware

series of weeks past:

L. Tenders.
$

QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
SKOURITIKS.

38

Chesapeake & Delaware

17.849.300
18,059,500
17.931.300
16,456,500
16.945.200
17.312.400
18.803.700
18,446,800
18,365,000
18.903.900
18.875.600
18,228,100
18.516.200
18.745.600
18.763.900
18.802.400
18.785.400
18.996.700
18.780.900 44,851,900
19.296.900 43,859,400
19.666.400 46.902.600
19.889.600 49.544.600
19,971,500 51.301.900
20,011,700 50.508.900

257,082,500
262.951.900
262.719.800
260.582.600 19.927.600
267.280.100 19.652.400
272,936,000 19.624.100
274,311,000 19,553,200
263.570.100 19.631.100
258.160.300 19,684,700
257.386.800 19,753,800
256.960.400 19.876,900
259,391,000 19,942,000
260.763.700 20,017.400

July 19..

Sept.

Specie.

Inc.. $1,712,00 0

Net deposits
Circulation

The following are the totals for a
Loans.

do
do

do

248,466

90

5s, reg. & cp., 1913.
6s, gold. reg... ...

do

780.300

60.000

300,000

Allegheny County 53, coup
Allegheny City 7s, reg.....
Pittsburg 4s, coup., 1913....

4.485.301'

141.700

750,000

6s, old, reg....
do
do 6s,n., rg., prior to ’95
do 6s, n.,rg.,1895* over 120

1,137,800
241,000

357.666

10

Philadelphia, 5s reg

4.700

1,097.300
533.300
309.300

~96% *98

BTATB AND CITY BONDS.
Penna. 5s, g’d, 1nt.,reg. or cp
do
5s, cur.,reg
do
5s, new, reg., 1892-1902 112
do
68,10-15, reg., H77-’82.
do
6s, 15-25, reg., l882-’92.
do
6s, In. Plane, reg.,1879

2,244,000

3,900

60

108%

PHILADELPHIA.

342,000

6.400

4.063,000
9.889.000
6.898.500
1.190.900
1.350.800
1.110.600
1.999.700

2,229,000
245.700

17

59

Camden &

2.520.500
17.472.4C0
15.497.900

16%
59%
108

18%
Rutland, preferred
117
Vermont & Massachusetts..
Worcester* Nashua....*...,

450,000
450,000

1,018,900 2,928,200

82.500
1,000

Portland Saco & Portsmouth
Pullira ’ Palace Car
Pueblo & Arkansas

3.331.000

694.000
3.148.600

85%

141
104
34
87

120

Ogdensb. & L. Champlain ...
do
pref..

384.200

44.600

750,000
500,000
1,000,000
300,000
250,000
200,000

305.666

1.318.700

83

Norwich & Worcester.

6s, coupon
Harrisburg City 6s, coupon..

253.200
484.300

725.700

300,000

403,000
5,400
344.400

10,204,000

Manchester * Lawrence....
Nashua * Lowell
New York & New England...
Northern of New Hampshire

072,366

5.730.300
1,470,000
1,821,800
1.865.200
1.300.400

8,143,000
2,143,000

898.700
179,900

2.307.300

17.800

19.200

2.700
472.300
37,700

340.900

103.700

1.006,800

198,000

2,094.500

1.583.700

2.431.200
16,170,400
12,730,200
654,500

71,600
44,500
134,000
1,100
249,000

6,791,000
2,636,000

2.006.100

1.429.600

400

3.218.700

Bid. Ask.

Old Colony

495,000

5.651.400

225 000

Chase National..
Total

4.115.900

706.500

Circula¬
tion.
$

608.400

582.000
302.500

2,870.000

450,000

People’s
North America..
Hanover

588.500
141.200

$
1,283,000

658.800
804,000
669.500
1.160,300

6.619.600
7,033,000

2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
300,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700

Net dep’ts
other
Tenders. than U. S.

Legal

Specie.

$

$
2,000,000
2,050,000
2,000,000

PHILlOBLPim,

BOSTON,

Banks,—The following statement shows the

condition of the Associated Banks of

353

1st m. Leb. Br.
Lou. In.
do

Ex.,7s,’80-S5.+

t£9%
77
102
100

48%

77%
101
59

115

85

32%
107

j

•

• *

112.

104%
102
102
102
102
102
102

H‘5%
100

104%

113%
U J%
101
102
103

102%
104

6s, ’93. .+ 101% 102%
110% Jefferson Mad. * Ind stock. 103% 104
ST. LOUIS.
t 104
118% St. Louis 6s, long
water 6s. gold
do
+ 105% 106%f

*35

do
do
do

do

do

new.+ 106

bridge appr., g. 6s + 105%
renewal, gold, 6s. + 106%
72
ao
sewer, g. 6s, ’91-2-3.+ 105%
107%
109% 109% St. Louis Co.
do

new|>ark,g.6a.t

cur. 7s

+ And Interest.

35+

IHE
QUOTATIONS

U8. Bonds and native Railroad Stocks

’

are

'

OF

STOCKS AND

quoted

STATE
Bid.

SECURITIES.

Alabama—5s, 1883
5s, 1886
8s, 1886
8s, 1888
8s. Montg. & Eufaula RR.
8s, Ala. £ Chatt. RR

•

Ask.

•

•

•

,

....

.

.

.

•

....

.

•

.

....

....

.

....

10

8s of 1892
8s Of 1893

Class A, 2 to 5
Class B, 5s
Class C, 2 to 5
Arkansas—6s, funded
7s. L. Rock & Ft. Scott iss.
7s. Memp. & L. Rock RR
7s, L. RP.B. & N. O. RR.
7s, Miss. O. &R. •* RR7s, Arkansas Central RR.
Connecticut—6s

....

....

....

....

....

•

.

•

•

.

.

•

.

....

....

5
1
1
1
1
1
106

.

Georgia—6s
7s, new
7s, endorsed.
7s, gold
Illinois—6s,coupon, 1879...

•

•

•

•

•

•

t

1

*

»

3
3
3
3
3
•

...

•

•

..

110+4

....

•

•

.

Ill

•

.

....

100

SECURITIES.

do

do

do
do
do
do

9+4
10

10%

107

115

j

44

!

Erie—1st mort., extended..

17

33+4

Buff. N.Y.& E, 1st

100

do
do

103

103

sm

Atlantic & Pacific Tel
American District Tel
Gold & Stock Telegraph...

Canton Co., Baltimore

48+4

American Coal
Consolidation Coal of Md.
Pennsylvania Coal
Mariposa L’d & Mining Co..
do
do'
pref.
Ontario Silver Mining
Homestake Mining
Standard Cons. Gold Mining
Pullman Palace Car

50
32

Lake Shore—
Mich S. & N. Ind., s. f., 7s.
Cleve. & Tol., sink. fund..

41+4
41+4
30+4

40+4
29 %

36+4

36+4

30
•

•

39
•

89+4

•

112
101

j

;

“■
....

*10*9%
120% 121
^

^

„

115

114

....

H4%

....

lOO" ioT~
•

•

*

102*
104
104

do
assent’d
Am. Dock & Impr. bonds,

96
95

assented

*

*

1

#

T

t

••

108%

108~ 108%
IO8+4
118%

*.... 108
106
108
113
114
113
113+4

114
•

•

•

104+4

*114
*.... 120
Winona & St. P., 1st m
110
do
2dm.... 107
C. C. C. & Ind’s—1st, 7s,
115
s. f.
117
Consol, mortgage
105
C. St. L. & N. O. Ten. lien 7s 105
do
do
1st con. 7s 100
105
r

9

Prices nominal.
Inal.

I




no' lf3*
103

m., cp.
do
1st m., reg.
Huds. R., 7s, 2d m., s.f.,’85
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup..
do
1st m., 7s, reg
N. Y. Elevated—1st,

4th mort...

St.Chas.B’dge.lst, 7s, 1908

North Missouri, 1st m., 7s
102+4
St. L. Alton & T. H.—1st m.
120+4 124
2d mortgage, pref
do
income
95
96%
Belleville & So. Ill., 1st m.
122
St. P. & Sioux C. 1st os, 1919
105
Tol. Peo. & W.—1st m., E.D.
101
102
1st mortgage, W. D
110
117
83 %

Burlington Div
mortgage, 1886..

2d

Consol., 7s, 1910....
Pur. Com. rec’pts, 1st,E.D

83+4

do

1st, W. D.

do

79+4

104

J® 107%
106+4

Bur. Div.
1st pref. inc. for 2d mort.
1st inc, for consol
Tol.&Wab.—lstext.7s,ex cp.
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex coup

Equipment bonds, 7s, 1883
do 2d

101%

102

110

m.,7s,’93,ex cp
Q. & ToL, 1st, 7s, ’90,ex cp.
Iii.& So. la., 1st m.7s,ex cp
West. Un. Tel.—1900, coup.
1900, registered
Spring. V’yW. Works, 1st 6s

do

118+4 120

105
*109

*104+4
*104+4
124+4

lOO”

79

Hartford—6s,

various

Indianapolis—7‘30s
83% Long Island City
Newark City—7s, long
Water, 7s, long
Oswego—7s
,

87*

*125+4

7s, 1906 110% n‘i*
Ohio & Miss.—Consol, s. f’d 110% 111
Consolidated
*110%!
...

107

.

Rochester—Water, 1903....

125

1108

Toledo—8s, water, 1894....
730s

Yonkers—Water,

1903.....

RAILROADS.

Atchison & P. Peak—6s, gld
Bost. & N. Y. Air-L—1st m.
Cent, of la.—1st m., 7s, gold
Chic.& Can. So.—1st m.,g.,7s
Chic. & East. Ill.—1st m., 0s
2d

mortgage, inc., 7s

_

Tennessee—6s, old

D. of

•

w

,

.

Chic. St. P.& M.—6s, g., new
Land grant, 0s, gold

27^

28

*

28
as
59

.

.

.

„

5+s

•

m

84

Registered

N. J. Midland20 mort

128

84+4

-1st, 7s, gold.

12
75
19

.

Rec. certif’s assented,
do
not assent

«...

79+4

....

50
65

.

.

.

79%
34%
63% 63%
113+4 114%
95+4 97
•

•

•

stock.

•

•

•

•

85
45

22%

58+4

.

59
57
75

i * 62

100

0

.

L

2d mortgage, class B.
do
class C.

68

82
42
21
87

.

33

56
14
80
20
62

52%

•

.

v

114+4

107

1

109+4

103% 103%
2d mortgage, guar
96+4 97+4 Scioto VaL 1st 7 p.c. s.f. bd 3 +101
102% 102+4 South Side (L. 1.)—1st mor ;
€0
103
103+4 South Minn.—1st m., 7s, ’8fc
100
1st mortgage, 7s (pink)...
100
11T"

90+4

103
95

.

....

111%

112
90
70

95

68

96+4 96%

*

*

*

•

•

•

*

110
110

62
95

70
98

(Brokers' Quotations.)
STATES.
N. Carolina.—New 4s

58

62
90

95

6s (good
80
Rejected (best sort)
Texas—6s, 1892
M.&S +103
7s, gold, 1892-1910 J.& J +111
7s, gold, 1904
J.& J +113
10s, pension, 1894... J.& J
+99
Virginia—New 10-40s
6O+4
CITIES.
Atlanta, Ga.—7s
100

97

99
96

94%

90

92

107
98
103

#

*

Columbus, Ga.—7s, bonds..
Macon—Bonds, 7s
Memphis—Bonds, C

*

114

113+4

60
64
60
70
9
9
9
25
10
10
20
40
20
80

7s, F. L

—

*

Bonds, A and B

....

Endorsed M. & C. RR

Compromise..
Mobile—5s, coupons

80
50

50

56%

58
74
60

....

8s, coupons
0s, funded

on

on.

Montgomery—New 5s
New 3s...

Nashville—6s, old
6s,

new

New Orleans—Prem., 5s

80
27
81
27
118

—

Consolidated, 6s
Railroad, 6s
Norfolk—6s

11*5

Petersburg—6s

108%

„

.

100
115
106
70

8s

+112% 112% Richmond—6s. .,v
+113% 114+4 Savannnah—Cons,, new, 5s.
+112% 112%
RAILROADS.
+112
115
Ala.&Chat.—Rec’rs ctfsvVar
115
+113
Atlantic & Gulf—Con«ol..
40
45
Consol., end. by Savatt’h..
38
41
Cent. Georgia—Cons, m.f7s
102
109
,

Stock
Charl’te Col.&

.

100

A.—Cons., 7s |

107+4

+111

114

90
55

115
115

Stock

Georgia RR.—7s
Stock.

Greenville & Col.—7s, 1st
7s, guar

118

2d, 7s
Mississippi Cent—1stm.,7s

•V*

105

no
88
75
75
65
20
91
45
110
104
102

....

®•

.

100»
77

101+4 105

8s, A

.

•

90
6&
10O

102

2d mort., 8s..........

,

45
112
*02

60
95
95
75

Aug.—2d, endors.
Memphis& Cha’ston—1st,7s

Miss. & Tenn.—1st m.f
1st mortgage, 8k, B.

100+4

m.

Macon &

m

90
62
92
60

74

90>
37
107
98
80

6s

....

50
40
90
90
29
34
30
119
103
120
109

95

73
92

+114+4 117+4 E.Tenn.& Va.—6s,end.Tenn
+101
102+4 E. Tenn. Va. & Ga;—1st, 7s.

35
15
15
25

40
110
70
100
77
96
100

108
68

;

!

17+4

17%

18

6(7
1B5

20
102
80

2d mortgage, 7s
East Tenn. & Georgia—6s..

111

+112
+113
+111
+105

103
110
102
106
02
66
75
80

.

8s...
Water works

87% Augusta, Ga.—7s, bonds
Charleston, S. C.—Stock, 6s

94+4

106
85
55

105“
112
115
101
51

..

•

107** 109**

106
113
+108

104

Extension
Tol. Can. S.& Det.—1st, 7s, j r
Union & Logansport—7s...

*50*' 55*' So.Carolina—Con.,

107

+

6+4

84

.

m

59%

31

.

*

T

27%

28

.

.

Columbia—3’65s, 192

*'

26%
26%

.

,

r,

....

31

.

8s, new
6s, new series
Virgin a—6s, old
6s, new, 1866
6s, new, 1867.
6s, consol, bonds
6s, ex matured coupon..
6s, consol., 2d series
6s, deferred

^

r

*

*

0?*

•

102+4
&** Mobile & Ohio—Sterling, 8s
Chic.& Southwest.—7s, guar 108
no
Sterling, ex ce»tJ.v6s.
99% Cin. Lafayette & Ch.—1st m
76
99
8s, interest
100+4 Cin.& Spr.—1st,
C.C.C.&I.,7s
101
State Aid bonds
2d mortgage, 8s...-.. ..-.
106
1st m., g’d L. S. & M. S., 7s.
Land grant bonds
95
New 1st mortgage.........
.101+4
Col.& Hock. Y.—lst,7s,30 yrs +100
110
Western Pacific bonds.. 103
New
106
debentures,ist.......
1st, 7s, 10 years
South. Pac. of Cal.—1st m.
+100
J N. O. & Jacks.—1st
*....
99
m.v8s\
2d, 78, 20 years
Union Pacific—1st mort.
+100
103
Certificate,
2d molt.,-8s.-.,
109%
Denver
80
Land grants, 7s
90
Nashville Chat.& St. lL.—7s-.
111% 111% Erie & Pac.—1st,7s,Id. gr.,g
Pittsburg—1st m., 7s 100 104
Sinking fund
112
1st, 6s, Tenn. & Pac-Bi*...
112+4
Con. mortgage, 7s
100
104
Registered, 8s
1st, 0s, McM.M.W.&JN’Br.
7s, equipment
85
90
Pacific RR. of Mo.—1st m. 103%
Norfolk
& Petersb.—ljt>,-3a.
103+4 Evansv. & Crawfordsv.—7s.
2d mortgage.
105
102
let mortgage, 7s
107
Evansv.
T.H.
&
55
05
Chic.—7sf g.
Income, 7s...
2tf mortgage, 8s
Flint & Pere M.—8s, I’d
1st ra., Carondelet Br...
95
102
gr’t
Northeast., S. C.—1st
Galv. Hous.& H.—7s, gld,*71
South Pac. of Mo.—1st m.
86
90
2d
98+4 99% Gr’nd
jffWDTtgage, 8s
Kansas Pac.- -1st m.,6s,’95
R.&Ind.—lst,7s,l.g.gu 105
Oranger k Alex’a—lsts, ifr..
1st, 7s, Id. gr., not guar...
1st m.,6s,’95,with
93
2dsf.Sk
cp.ctfs 117' lio*
1st, ex land grant, 7s
1st in., 6s, ’96
70
78
3dsr3b
Hous.& Gt.N.—1st,7s,g.,ctfs
do
91
93
with coup, ctfs
4thsv8h
114' Indiana
Bl, &'W.—1st m..
1st m., 7s, Leav. br., 96..
81
63
Rich.A Dan.—1st consol.. 8s
2d mortgage
do
40
45
with coup, ctfs
87
Southw.-Ga.—Conv., 7s, ’861
Incomes
1st m., 7s,R.&L.G.D’d,99
Stock..~
24+4 20+4
Stock
M
do
20
with coup, ctfs
S. Carolina RR.—1st m., 7s.
;
Indianapolis & St.L.—1st, 7s
1st m., 7s, land gr’t, ’80..
73% 80
7s, 19#2J-non-en joined. i..
IndianapA; Vine.—1st, 7s, gr 101 103+4 West Aftu—1st mort.,
do
with coup, ctfs
122
8s..-International (Tex.)—1st, 7s
2d mort., ’86
91
92
2d mort., 8b, guar
Int. H. & Gt. No.—Conv., 8s
[
do
22
30
with coup, ctfs 100
PAST-DUE COUPONS.
lio*
Kansas
&
Inc. coup. No. 11 on 1916 *74
74
77
Nebraska, 1st m.
Tennesssee State coupons.
do
do
2d m.
Inc. coup. No. 18 on 1910
34
37
South Carolina consol.
73
78' Long Island—1st
Don. Div. Bg ns«. cn.ctf
105
mortgage.
106+4 Virginia coupons
105% 105% Montclair & G.L.—1st, 7s,
30
n.
45
do
consol, coupons...
t And accrued interest.
* No price to-day•, these are
latest quotations made th&<W80k.
no

.

Non-fundable

....

....

+106
+05
+109

Poughkeepsie—Water

126

*44%

_

Miscellaneous List.

109

*80%

15
15
5

118

78%

.

Small

73

2d int.,6s, accum’e

(Brokers' Quotations.)
116+4
CITIES.
116
Albany,
N. Y.—6s, long
HO+4' 111
Buffalo—Water, long
*102+4
Chicago—6s, long dates
*99+4 ioi
7s, sewerage
104+4 106+4
7s, water
98
7s, river improvement...
Cleveland—7s, long
103
103+4 Detroit—Water works, 7s.
120
121
Elizabeth City—Short
100%
Long
117

....

T

.

7s of 1888

....

INCOME BONDS.

Central of N. J., 1908
Chic. St.L.& N. 0.,2d m.,1907
Leh. & Wilkes B. Coal, 1888

St.L.I.M.&S.,lst 7s,pref .int.
113

April & Oct.,
Funding act, 1866
Land Com., 1889, J. & J.
do
1889, A.& O.

••

•

«...

_

Consol, conv. ex coupon.
Gt. Western, 1st m., ex cp _80%
*107

97''

r

•

•

125
91

90
90

75

107
®

•

•

m ®

®

*

169
167

.

RM
112
97
90

'

••#

•

94
48
112

V

— *.

955,

♦

e *

94%

93

116
106+4
too

96+4

67

30% 31+4

.

-

...

.

6s, 1887
6s, real estate
6s, subscription
N. Y. C. & Hud., 1st

2d consolidated

•

118

Equipment bonds
M0.K.& T.—Cons.ass..1904-6

104%
1st m., Springfield
104+4 Pacific Railroads— div
87
Central Pacific—Gold bds.
San Joaquin Branch....
Cal. & Oregon, 1st

Cnic.Mil.& St.P.—1st,8s,P.D *124
2d mort., 7 3-10, P. D
*110
1st m., 7s, t gold, R. D.
112
112+4
1st m., La C. Div
110%
1st m., I. & M
1st m., I. & D
1st m., H. & D
1st m., C. & M
113+4

110
108

mort., 7s, gold
C’ecilian Branch, 7s
Nashv. & Decatur, 1st, 7s

2d mortgage, inc., 1911—
II. & Cent. Mo.. 1st., 1890.
N. Y. Central—6s, 1883

106

107+4

101
114

2d

48% Metropolit’nsterling
Elev—1st,1908
23% Mich.
Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
117

10*7+4 108“
100"

Louisv.A Nash.—Cons.m.,7s

Marietta & Cin.—1st mort..
1st mort.,

t

48%
23%
110+4

•

Coupon gold bonds
Registered gold bonds...
Iowa Midland, 1st m., 8s..
-Galena & Chicago, exten.
Peninsula, 1st m., conv...
»Chic. & Milwaukee, 1st m.

105+4 100

t

.

.

m..

Cleve.& Pitts., consol., s.f.

Rome Wat. & Og.—Con. 1st.
St. L.& Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St.L. K.C & N—R. E.& R.,7s
Omaha Div., 1st mort.. 7s

104
104

,

t

114
56
15
15
25
50
50

.

m..

do
do 1st Tr’t Co.ctfs.ass.
do 2d
do
ass.

104
104

new

cons, reg., 1st.
cons. coup.. 2d
cons. reg.. 2d .

m.

con..
2d con...

bonds.

Buffalo & Erie, new bds...
Buffalo & State Line, 7s.
Kal’zoo & W. Pigeon, 1st
Det.Mon.& T., 1st, 7s,’1906
Lake Shore Div. bonds...
do
cons, coup., 1st
do
do
do

6s, gold, series B, int. def.
6s, currency, int. deferred
Chicago & Alton—1st mort.

Con. sinking fund
2d mortgage
1st m., 7sT1. & D. Ext
Chic. & Northw.—Sink, f’d..
Interest bonds
Consol, bonds
Extension bonds
1st mortgage

new

2d
3d

,

T

9

Ui!5«|Lv/Uc7«J

Ask.

BONOS.

Col. Chic. & I. C., 1st

2d,con.,f.cp.,5s,6s

do

Chesap.& O.—Pur. m’y fund

do

1st, con., f, cp.,7s

do

Exchange Prices.

assented

1916

do
do

do

Cleve. P’ville & Ash., old. *101% 102

Bost. H. & Erie—1st m...
1st mort., guar
Bur. Ced.R.A North.—lst,5s
Minn.& St. L., 1st, 7s, guar

Adjustment, 1903
Lehigh & W. B., con., g’d..

m.,

Han. & St. Jos.—8s, conv..
Hous.& Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
1st mort., Waco & N., 7s..
2d C., Main line, 8s
2d Waco & N., 8s
Inc. and ind’y, 7s

Railroad Bonds.

do

iii+4

124+4

116

47+4
100
100+4
14
15+4
49+4 50+4 Ill.Cent.—Dub.&SiouxC.1st
Dub. & Sioux C., 2d div...
Cedar F. & Minn., 1st m..

pref

do
do

112% 112%

N.Y.L.E.&W.,n.2d,con.,6s

Quicksilver

111
107

112

..

~

Wells, Fargo & Co

Convertible

2d mort..
3d mort..
1st con., guar

....

Miscellaneous St’ks.

assented.

.

AND

103+4 Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st

extended

Coup., 7s,’94
Reg. 7s,’94.
div., coup., 7s, 1917
reg., 7s, 1917
Albany & Susqueh., 1st m

..

do

103

STOCKS

r

•

2
4
4
4
104
115

6s, 1886

*106

6/.

may

Bid.

South Carolina—6s
Jan. & July

t

24
24

13+4
13+4

Ohio—6s, 1881

104%

m

3d mortgage, 7s, 1883
4th mortgage, 7s, 1880
5th mortgage, 7s. 1888
1st cons, gold 7s, 1920....
Long Dock bonds

iio+4

Adams Express
American Express
United States Express

108

RIIKCELLAINEOUS

do
1st, reg.
121+4 Denv.&R. Grande—1st,1900

pref.
Terre Haute & Indianapolis
United N. J. RR. & Canal

Miss.Riv.Bridge,lst,s.f,6s

1887..

Rens.& Saratoga, lst.coup

do

Chic. Bur. & Q.—8 p.c., 1st m
Consol, mort., 7s
5s, sinking fund
Chic. Rk. I.& P.—6s, cp.,1917
6s, 1917, registered
Keok.A Des M., 1st, g., 5s.
Central of N. J.—1st m., ’90.
1st consolidated

104+4
104%

constructs
7s of 1871.
1st con., g’d..

do
do
do

120
102

1868
New bonds, J. & J
do
A.&O
Chatham RR
Special tax, class 1
do
class 2
do
class 3

102+4

bonds, 1900

do
do
do
1st Pa.
do

43+4

Funding act, 1866

T

100+4
106+4
86+4
86+4
7&(
7%

A.&0.

coup, off,

Securities.
IVllUvlv ISlallU

....

100
117
117
117
23
23

do

Del.&Hud.Canal—1st m.,’84
1st mortgage, 1891

.

Income
Sinking fund
Joliet A Chicago, 1st m...
Louis’a & Mo., 1st m., guar
do
2d 7s, 1900.
St. L. Jack. & Chic., 1st m.

103*

109
106
107
107
104

valuet whatever the par

Ask.

107%
107%

A.& O
coup, off, J. &J.

do
do

114

Morris A Essex, 1st m
do
2d mort...

40
55

Harlem
Ind. Cin. & Laf
Keokuk & Des Moines.
do
do
pref.
Manhattan
Marietta & Cin., 1st pref...
do
do
2d pref...
Mobile & Ohio, assented...
Nashville Chat. & St. Louis.
New Jersey Southern
N. Y. Elevated
N. Y. New Haven & Hartf.
Ohio & Mississippi pref
Pitts. Ft. W. & Chic., guar,
do
do
spec’l.
Rensselaer & Saratoga
8t. Louis Alton & T. H

Stock

do

’83

YORK.

per cent

Bid.

York—6s, gold, reg.,’87

38%

Mortgage 7s, 1907
Syr. Bu gh. & N. Y., 1st, 7s

(Active previously quoted.)
Albany & Susquehanna
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & No...
Chesapeake & Ohio
do
1st pref.
do
do
do
2d pref.
Chicago & Alton, pref
Clev. & Pittsburg, guar—
Dubuque & Sioux City
/

SECURITIES.

..

or

AND

NEW

6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
6s, do 1892
6s, do 1893
North Carolina—6s, old.J&J
6s, old, A.& O
No. Car. RR., J. & J.......

6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal & St. Jo., 1886..

Del. Lack. & West.—2d
7s, convertible

Railroad Stocks.

Ask.

Kentucky—6s

....

IN

Prices represent the

New

Louisiana—6s
6s, new
6s, new floating debt
78, penitentiary
6s, levee
8s, do
8s, do of 1875
8s, of 1910
7s, consolidated
7s, small
Michigan—6s, 1883
7s, 1890

RAILROAD

do

Bid.

fVOL. XXlX

BONDS.

Illinois—War loan

Missouri—6s, due 1882
•

....

•

•

BONDS

previous page.

on a

tea

do

CHRONICLE.

,

96
103
82*

97
f

r

98

102

107

60
(09

10T

109

Iff
40
20
81

25

Si-

r<*

....

...

83

355

THE CHRONICLE.

1879.]

October 4,

LOCAL

NEW YORK

SECURITIES.
Insurance Stock List.

Stock List.

Bank

[Quotations by U. S. Bailsy. Broker,7 Pine street.]
Capital.

Companies.

are

88

npt Nat*:.

PITAL.

dates. §

Amount

Amount

100 3,000,000 1,287,400 J.&J.
Exchange 100 5,000,000 1,214 400 M.&N.
100
250,000 103,100 I. & J.
Bowery
25 1,000,000 1,252,100 I.& J.
Broadway
02 300 J. & J.
Butchers’& Dr. 25 300,000
346.90) J. & J.
100 2,000,000
Central..
27,900
100
300,000
25
160,600 -J.&J.
Chatham
450,000
100
300,000 3,221 600 Bi-m’ly
Chemical

8

8
6

12
10
8
8

11
10

000,000 107.600 J.&J.
1,000,000 1,4 1.000 M.&N.
5.000,000 2,633.900 f. & J.
1,000,000 166,700 J.&J.
791,600 F.&A.
1,000,000
60 800 J. A J.
250,000
11,800 J.&J.
100,000
43,700 J. & J.
150,000
100,000 190.7; 0

25
100
City
100
Commerce
Continental.. ;.J 100
Corn Exch’ge*. 100
25
East River....
11th Ward4.... 25
100
Fifth
Fifth Avenue*. 100
100
500,000
First
100 3,200,000
Fourth
30
600,000
Fulton
50 1,000,000
Gallatin....
75
750,000
German Am.4
200,000
German Exch.* 100
100
Germania*
200,000
200,000
Greenwich*.... 25
30
225,000
Grocers4
100 1,000,000
Hanover
Imp.& Traders’ 100 1,500.000

Citizens’

....

50
Irving
Island City*... 50
Leather Manuf. 100
Manhattan*..., 50
Manuf. & Mer.* 20
Marine
100
Market
100
Mechanics’
25
Mech. Assoc’n. 50
Mech’ics & Tr. 25
Mercantile
100
Merchants’.
50
Merchants’ Ex. 50
Metropolis4.
100
Metropolitan.. 100
Murray Hill*.. 100
Nassau*
100
New York
100
N. Y. Couutv.. 100
N. Y. N. Exch. 100
Ninth
100
No. America*.. 70
North River*.
80
25
Oriental4
Pac fie*
50
Park
100
People’s*
25
...

Phentx
Produce*

•

300,000

3,000,000
100,000

1,000,000
2,000,000
200,000
300,000
750,000
700,000
240,000
300,000
422,700

2,000,000
412,500

40 1,000,000

50 1,200,000
100
200,000

•

•

May.

7

6
0

5

7

6

J.&J.

7
14
8

7
14
8
3

0,4
12
8
•

•

11

8

•

....

74

7
8
2

9

0

04
•

•.

10
...

t(fttr.

700.500 J.&J,
72,* 00 J.&J.
75,600 F.&A.
71 OUO J.& J.

74
8
8
3
0
.

.

•

.

,

•

....

*

^

64

....

225

.

.

,

t

T

1

t

...

104
.

>

.

f#1,

-

....

•

•

•

•

-

•

*

•

-

,,,,

•

•

•

•

•

•

•

*

#f f

f

#<

T

»

,

1074

•

•

•

-

-

J

*

....

.

132

.

•

«

-

•

•

89

1014

115

m

.

184
~03

m

%

....

....

....

•

•

•

•

....

,,M

....

1314 135

0

.

.

.

•

•

•

•

.

.

..

•

•

•

....

•

•

«

•

•

•

•

•

•

•

.

•

,

.

•

•

•

•

•

»

.

•

•

•

•

•

•

•

•

•

•

.

•

•

•

•

•

•

TV. 34 100
100
Aug. ’79. 8
Au

r.

July, ’78. 8
July, ’79. 4
July, ’79. 4

July,
7
May,
3
Jan.,
74 July,
10
May,

79.
’79.
’78.
’79.

3
34
3

34
’79. 4
July, ’79. 0

8

UL UtklC V UUv Itj 1017) lvi

....

•

•

•

•

•

•

.

.

120
....

a

•

•

...

•

•

•

•

....

...,

....

•

•

•

•

•

•

•

•

...

...

buv it ttvLvUAl L/AJU.

13 for the State banka.

6

Gab Companies.

25
20

beans

do
Harlem

1,C00
50
20
50
100

Jersey City a Hoboken
Manhattan

«,

Metropolitan..
do

certtftcates
Mutual,N. Y....
bo&ds.

do

Nassau, Brooklyn
do

scrip

People’s (Brwktyn)
' <U

bonds
certificates.

do

Central of New York

WUliaraabwrg
do

MetropolttRE, Brooklyn
Municipal
do

4,000,000 J.&J.

5

...

bonis

Date.
*

Bid. Ask.

May, ’79 170

55
1808
98
7
8
Feb., ”78 87
74 July, ’70 135
5
Ju'.e, ’79 145

34
24
3
6

Aug. ’79 112
Aug. ’7w 93

July, ’79 55
1882
103
July, ‘79 55
May, ’79 90
May,

79 924

Jan.. ’70

20
90
July, ’79 70
Aug., ’79 50
July, ’79 75
July, ”79 85
May, ’79 55
Jut e, *<9 120
100
1888

1897

125
00
103
45
145
155
129
101
00
104
00

1st mtfHgage
Breaduraf <k Seventh Ace-nitk..
1st raoitgage

lifOO

let mortgage

—

100

WK)
10

ft ,000
100

Broadway (Brooklyn)—stock.. \
100
jrvd&ir* dt Hunter’* J^-*atdck.
1st Mortgage bonds
1,000
100
Bvtitttotsk Av. i ffkiynV—stock.;
100
\jentretl Pk., y*it S. BBer'er^sfek)
CouMlidated mortgagdbbnnei 1,000

Brtf &pcki EL B. <k Battery
istiHcortgaee, coneM
Bttfttl& Avenue— stock

100

900,eaew & J.
694;00« J. & J.
2,100,00# Q—J.
l,500j0fls# J.&D.
2,000,000 Q-F.
300,000 MAN.
200,000 Q-J.
.

400.000 A.&O.

SOOfcOO
600$00

ii

J

.

&

o

.

1,000

7
3
3
7

Oct , 79
Jn y, ’84

Aug. 79
Nov., ’80
O t., *79
Arr., 79
1888

12
85
00
101
130
102
135
95

100
85
41
97

7

Dec.1902

Q-F.

Aug. ”70 90
JU-ift, TW 105

.

100

7*

July, *79
J’ly,1900

2

.......

*

•00,000 J *

T

250.000 M.&N.

7
0

200.000

200,000
150,000
500,000
200,000
3,000,000
150,000

500,000

200i000

200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
200,000

250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000
350,000

200,000
200 000

Cooper... 20
50
People’s
Phenix (Bklyn) 50
Produce Exch. 100
50
Relief
100
Republic
100
Ridgewood
25
Rutgers’
100
Safeguard
St. Nicholas.... 25
50
Standard

150,000
150,000

1.000,000
200,000
200,000
300,000

200,000

2o9;ooo

200.000

200,000
200,000
300,000
200,000
200,000
800,000
250,000
300,000
250,000

100
100
Sterling
25
Stnyvesant
Tradesmen’s.... 25
United States.. 25
Westchester... 10
WilUamsb’g C. 50

7
6
7

f

T ft

ft.

40
July, ’78. 5
July. ’78. i&a
115
14
July. ’79. 3 H
10
Ju y, ’79. 5
*va
50
N’n3 Jan., ’77. 4
5
10
’79.
July.
180
20
June 7«. L0
180
20
Ai g. *79. 8
170
20
Ju y. ’79.10
185
20
Ju y. ’79.10
17* 10*72 AUg. ’79. 5 110
110
12
18
July. ’79. 5
4o
N’ne July, ’77. 5
5
5

10
15
15
10
4
10
20
20
20
20

¥ » *

.

,

•

*

•

ft

Bid. Ask.

Last Paid.

18
25
•Tan., ’79. L0
12-50 13 40 Ju y, ’79.6*83
20
531.070 30
20
A pi’., ’79.10
10
14
80,008 14
Juiy, ’7«. 5
10
15
105,240 20
Aug. ’79. 5
135.882 15
15
15
July, 79. 7X
10
12
08,258 15
July, ’79 3j*j
N’ne luly. ’77. 5
10
10
11
12
73,673 12
July, ‘79. 5
147,083
J uly, ’79. 7
io* 10
82vJ,547 io
Ju’y, ’79. 5
22
30
703,104 30
July, ’79. 7
20
10
124,930 20
Ju y. ’79. 5
30
839,629 40
40
Ju y. ’79. 7*
7
28,078 10
10
iuy. ’79. 3*
127,094 20
20
17« July ’79. 5
10
639,569 10
10
July. ’79.15
10
50,883 10
10
Juiy. ’79. 5
1,179.594 10
10
10
July, •79. 5
o69 10
10
10
Jan., ’79.
64,200 12
12
10
Jan., ’79 5
80,070 12
Ju y, ’79. 5
12
10
7,453 10
13
10
July, ’79. 3^
+288,638 10
10
10
Sept. *79 5
188,040 20
20
20
Juiy, ’79.10
8,420 10
'79. 5
Ja0
10
5
143,113 20
July. ’79 0
20
10
93,141 10
Ju y. ’79. 5
10
10
85,537 10
10
10
Jaly, ’79. 5
200,704 20 * 20
16
July, *79 5
31,194 10
10
Jan., *79. 5
10
203,802 11
12
12
July. ’79. 0
119,904 14
20
10
July. ’79. 5
240,935 30
30
20
July, ’79.10
179,803 20
20
Ju y, ’79.10
20
38,280 10
10
10
July, ’79. 5
153,209 20
20
10
July, ’79. 5
98,541 20
18
12
July, ’79. 5
165,652 25
Ju y. 79.10
20
20
104,695 10
14
10
July, ’79. 5
304,360 20
20
20
July, ’79. 5
133,855 20
17
14
Aug ’79. 5
21,120
N’ne
22,054 io* id* N’ne Jan., ’79. 5 *
454,283 10
12
11
July, ’79. 0
114,976 12
’79. 4
Oct
11
10
400,203 30
20
30
July, ’79.10
102,040 20
12
20
July, ’79. 6
198,087 20
20
20
Juiy, ’79.10
104,055 20
18
12
Juy, ’79. 0
497,251 20
20
15
July, ’79. 5
Shi SH N’ne Jan.. ’77. 3*
46,949 10
10
10
July, ’79. 5
24,038 10
10
5
July, ’79. SH
13
12
10
Juy, ’79. 5
103,078 25
20
20
July, ’79.10
10
.July, ’79 8
15^ 10
9
10
Aug. *79 5
23,325 10
0*23
July. ’79. s«
160.272 11*55 12*35
17H 12H July, ’79. 0
148,074 15
Au *. *79.
10
10
34,310- 10
14
10
Jn.y, ’79. 5
143,401 20
10
Ju V, ’79. 5
20
106,523 25
12
10
July, ’79. 5
210,902 10
10
10
Auk ’79. 5
101,505 10
20
20
July, ’79.10
403,302 20

•

Over all liabilities,

>

105
105
200
95
100
115
95
45
100
110
185
170
107
250
00
115
150

80
122
50
80
100
00
125
100
45

120
95
80
120
00

130
0J
155
105
70
120
108

i02
160
110
50
115
100
210
100
180
109
110
05

70
...

•

60
95
150

X1JL

70
.

•

ft

ft

200

*195*
120
120

50
120
170
210
103
107
125
100
•••

•

>

•

•

•

120
140
175
•••

•

70
125
100
87
125
•••

•

95
105
70
139
•

•

•

•

t'O
180
105
00
130
73
140

102
170
•M

•

85
180

11211

i0fi*i

109
170
125
05

.

60
•••

•

110
232
•

•

•

•

•

•

•

•

115
115
•

90

70

105

100

70
110

ft

65
200

.

-

•

100

#

• •

.

•

125
11580

••

03
120

IOO
.

•

•

•

no185

•

a • •

80
60
85
95
00
130
ttlO

20
90
05

City. Securities.
[Quotations by Daniel

Rate.

5

Crown

w.ter.tock.,1^-51.

Croton

Aqued’ct stock.1895.
pipes and mains...
reservoir bonds.....

do
lo

Central Paik
do

bonds.-1853-57.

..1858-65.

no

1870.

July’

’94
Apr., ’<8
Apr.,’85
Sept..’83
May, ’77

July, ’90
Aug., ’79
July, *90
Aug. *79

•

99
10
80
89
95

Nov.1904

May, ’88

•

TP*
75
85
05
25
99
93

May. ’93 103

var.

110

Westchester County.......

Street.]
PBIOB.

5
0
0
7
0

Months Payable.
Feb.

do

Feb.,May, Aog.& Nov.
do
do

do
do

May & November.
May & November,
do
do
do
do
do

do
do
do
do
do

l87

$*•

do

do
May & November.

5
0
7
0
7
6
7

May Aug.&Nov.

do
do
do

January & July,
do

do

Bonds
due.

Bid. Ask

101
105
107
1883-1890
118
1884-1911
124
1884-1900
112
1907-1911
109
1898
109
1805
128
1901
109
1898
119
1894-1897
1C8
1889
110
1879-1890
115
1901
1888
102* 105
105
102
1879-1882
115
113
1890
119
118
1894
1880
1890

100
104
104
100
110
109
108
108
123
107
118
107
102
113

150
100
102

s*
100

[Quotations by N. T. Beers, Jr.,

108

101

20
80

824

103
.8
80
05

115

.••••
do
Park bonds
Water loan bonds....

■•••
...
..

Bridge bonds....

Ja mary
do
do
do
do

•All Brooklyn

& July,

do
do

Water loan

City bonds...
Kings Co. bonds
do
do
Park bonds
Bridge

io

Jo
do
do
do
do

May & November
do

do

January * July,
do
do

1879-1880 101

1881-1895 102
1915-1934 125
1900-1924 120
1904 1912 121
1899-1905 no

188J-1805 t02H
1880-1883 lt)3
1880-1885 101
1924

103
111
128
125
127
114

\&

112

1907-1810 110

114

bonds flat.

[Quotations by C. Zabhiseie, 47
Jersey Cuy—

ISO

Watei^lo&n .long..

.-•

1014

Sewerage bonds

.1866-69.

101

Assessment bonds...1870-71.

104

Improvement bonds .......
Bergen bonds
1868-69.

of Pond*

Broker, 1 New st.]
a

Brooklyn—Local iu» *r*em’t
City 6onds
..

150
115
40

•

Improvement stock.... i860
....1869.
do
ao
var.
Consolidated bonds
Street imp. stock
var.
do
do
New Consolidated

105
•

A. Moban. Broker, 27 Pine
INTEBEST.

102
140

iio

May, ”78 140

perip. t Inclusive of
(—) indicate extent of impai ment.

including re-insurance, capital and

scrip!6 Figures with a minus sign

904

July, ”70 ,100
Jan., *84 100

This column Muwra last dividend onsuecks, but the date of maturity




500,000
200,000

do
..............1-75;
Market stock
1865-68.

J.&D.

.

1st mortgage

1,000,000

Dock bonds

j.’& j!, 2ii July. ’79

500&C
000,000 J.&D
100 1,009,000 J.& .1.
1,000
kibmortgage.
—
«,
200,000 J. & J.
100
MTBt. 4b Grand St fivrry—«txs?k
?MK,000 M.&N.
lstunorteage
1,000
206,000 A.&O.
100
Qempal Cross Uown-vti&eik.....
000,000
Mtuaortgige
1,000 •*90,000 m!&n.
100
ffos&fcm. West
*90,000
600
llVmortgage
990,000 j.&j:
100 Lisa,500 Q.-F.
QoewKd Avenue—stock.
Sduaortgaere
«...
:i,000
£90,090 A.&O.
Ca&s. Convertible
n.ooo L«60,000 M.&N.
Bstensiom
soo&c. *60,000 A.& O.
Avenue- sleek
100
T50,000 M.&N.
IS t mortgage.
1,000
42.5,000 I. & J.
100 aga-o.ooo Q-F.
IMftd Avenue ■■sleek
1st mortgage
1,000 V1,‘•00,000 r. & j.

twenty-thirdStreet—stock...

200,000
204,000
150,000
150,000
200,000

25

*

990

Brvvklfn City—Btock.^^w.,... i

200,010

95
97

[Quotations by H. L.‘Grant, Broker, 145 Broadway.]

8to«bfc0r13t.<fc Fulton* err?—Btk.

1870. 1877. 1878.

Price.

.

24 July, ’79

2,500,000 Vf.&S 5
V r. 1,000,000 tt.&S. 84
100 5,000,000 Quar.
14
1,000 1,000,000 F.& A.
3
25 1,000,000 Var
Via
700,000 M.&N. 34
100 4,000,000 M.&N. 4
10 1,009,000 J. * J. 34
1,000
300,000 M.&N. 7
Var.
890,000 J.&J. 34
50
•66,000 F.& A. 3
2
50 1,000,000 Quar,
Var. 1,000,000 J.&J.
100 1,000,000 M. &N.
100 1,500 000
750 000 M. &N.

ecrlp
...

Var.
Var.
315,000 A. & U.
F.&A.
1,850 000
750,000 J.&J.

2,000,000
1,200,000

s

.

New York

do

Amount. Period.

Par.

Brooklyn Gas Light Co.
citizens’Gas Co (Bklyn)

300,000

200,000

Star

Gat and City Railroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss, Broker, 24 Broad Street.]

ft ft
•

100

Park
Peter

1879.*

ft

25

Pacific

July 1,

200,000
4,877 10
200,000 -10,944 25
400,000 +400,49 i 15
200,000
08,820 10
8
200,000
10
200,000
300,000 398,757 20
200,000 298,201 20
153,000
197,092 20
300,000 483/81 20
210,000
103,191 20
250,000 145,144 20
300,000
-1,422 10
200,000 100,780 25
1,000,000 1,040,755 11*45

.

Ilt<

...

10
6

9
8
8

*

....

3
9

7
3

^

*

,

....

3
10
10
7

4

1

25

yfitna.
100
American
50
American Exct 100
100
Amity
Atlantic
50
25
Bowery
25
Broadway
17
Brooklyn
Citizens’.
20
70
City
100
Clinton
30
Columbia
50
Commercial
Continental.... 100
40
Eagle
Empire City.... 100
30
Exchange
50
Farragut
17
Firemen’s
Firemen’s Fund 10
Firemen’s Tr.. 10
Franklin&Kmp 100
German-Amer. 100
50
Germania
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
50
Hoffman
100
Home
25
Hope......
50
Howard
Importers’* T.. 50
100
Irving
30
Jefferson
Kings Co.(Bkn) 20
Knickerbocker 40
Lafayette(Bkn) 50
100
Lamar..
25
Lenox
LongIsl.(Bkn.) 50
25
Lorillard
Manuf.* Build. 100
100
Manhattan
Mech.&Trad’r«* 25
Mech’lcs’(Bkn) 50
50
Mercantile..
Merchants’..... 50
Montauk (Bkn) 50
Nassau (Bklyn) 50
National
371*
N. Y. Equitable 35
100
New York Fire
N. Y. & Boston 100
New York City 100
50
Niagara
North River.... 25
...

•

0

64

34

t

t

July, ’77. 8
July, ’79. 34
July, ’79. 4
144
AUg. 79. 24 136
July,*79. 3 1074
115
July, ’79. 34
00
Jan *79. 3
July, ’74. 34

.

10
10
6
8
6

9 •

91
3
34 125
65
24

Juiy, ’79. 24

....

11
12
0
10
0

24

July, ’79. 4
vtg ’<9. 84

...»

.

2

100

May, ’79. 24 30
July, ’76. 4 1324

5
7
8
8

6

58 800 M.&N.

July, '79. 4

May, ’79.
Juiy, ’79.
0
May, ’79.
64 Juiy,’79
July, ’79.
July.
10
July, ’79.
12
July, ’<9.

24
74

•

101,700 J.&J.

July, *79. 5
July, ’79 3
May, ’79. 34
Oct., ’79. 4
An*. ’79. 24
May, ’79. 5
May, ’77. 0
May, 79. 3
Jan., ’77. 3
July, *79. 34
July, ’70. 7
July, ’79. 4
Jan., ’78. 3
Ju y, ‘79. 4
Aug. ’79. 34
Juiy, 70. 24
July, ’76. 3
Juiy, *79. 34

12
0
10

3

50.400 I. A J.
842,000 J.&J.

v

84 July, ’79. 34
July, ’70. 3
0
July, ’79. 3

•

J. & J.

105 500 J.&J.
77 9- 0 J.&J.
167,700 J.&J.
214 300 Q-F.
309,500 J.&J.
120,000 J.&J.
1*3.100 J.&J.
5J 100
337,200 F.&A.
125 800 F.&A.
53,100 J.&J.
81,900 J.&J.
238,300 J. & J.
41 200 J.&J.
196,100 M.&.N.
104,000 J.&J.
269 400 J.&J.
060,000 M.&N.

Aug. ’79. 5

•

•

May.

75.0CO

io

6^

105

1600
Sept. 79.15
July, ’79. 3
May, '79. 5
Ju y, 79. 4
i34
July, 79. 84 103

•

•

•

M.&N.
J.&J.

•

tuv ug UlvO ILL luiD vUlU111 11 ul
.

•

’79. 3
'79. 34

July, ’79. 3

10

10
7

50 j 125,000
Republic
100 1.500.000
St. Nicholas... 100
500,000
Seventh Ward. 100 800,000
Second
100
300,000
Shoe & Leather 100
500.000
Sixth
100
200.000
SUte of N. Y.. 100 800,000
Third
100 1,000,000

West Side*

•

898.400 M.&N.
671,200 A.& O.
51 100 F.&A.

20 1.000.000

Tradesmen’s...
Union

•

,

**6

,,,,

'

1

•

100

8

10

'79. 8

Adriatic

117

0
10

10
6

12

500,000 133. LOO J.&J.
7,200 J. & J.
100,000
600,000 427.800 J. & J.
2,050,000 1,015.900 F.&A
100,000
0,400 J.&J.
400,000 101,900 J.&J.
500,000 288,800 J.&J.
2,000,000 970.000 J.&J.
500,000
68.70U M.&N.
78.000 M.&N.
800,000
1,000,000 179,50) M &N.
2,000,000 708,000 J & O
1,000,000 144.400 J.&J.

.

Vi

1,5.9.000 Q-J.
967,900 J. & J.

58,5uo
54,100
17.800
23,700
2l7,3‘;o
1.889,900

7

9
100

*79. 34' 182
’79. 3
ll«4
’79. 5

July,
May,
July,
July,
-July,
July,

Dividends.

Surplus,

Companies.

“H

Am.

«

Bid. Ask.

Last Paid.

Period 1877. 1878.

America4

Of date feep

Net

llitCSt

Ht
»-

Mark’d thus (*)

Prtce.

DlVIDRNrS

Surplus

Montgomery St., jersey

January & July.
January & Juiy.
do
do

Jan.,May, Jnly & *ov.
J. & J. and J & D.
.lanri^rv and

Jn1

City.]

90
1895
1899 1902 101
1878-1879 97
1878-1879 07
97
189-94
1900

97

99
104
00

99
99
99

356

THE CHRONICLE.

[Vol. XXIX.

this year,

leaving 100 miles more from Las Vegas to San
Domingo to be completed by the 1st of January, 1880.
The following branches from the main line, as stated,
go into
AND
operation to-day:
First—From Emporia to Eureka, bearing south to Green¬
STATE, CITY AND CORPORATION FINANCES.
wood county, a length of fifty miles.
Second—From Florence west to McPherson county', fortyThe Investors’ Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers of the seven miles.
Third—From Wichita (which has been the terminus of a
Chronicle.
No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular branch from Newton, on the main line) to Winfield, in Cowley
subscribers. One number of the Supplement, however, is bound county, thirty-eight miles.
•
Fourth—From El Paso, on the Winfield branch,
up with The Financial Review (Annual), and can be purchased
going south¬
in that shape.
west, to Wellington, Sumner county', 22 miles. On the New
Mexico extension of the Atchison
Topeka & Santa Fe road they
are laying track from Las
ANNUAL REPORTS.
Vegas to San Domingo—100 miles—
when the Rio Grande is reached. The road passes within
fifteen miles of Santa Fe, which lies to the north, and will be
Atlantic Mississippi & Ohio.
reached by a short branch, and from San
Domingo it is sixty(For the year ending June 30, 1879.)
five miles south to Albuquerque.”
Messrs. C. L. Perkins and Henry Fink, Receivers, have made
Allegheny Valley Railroad.—The Allegheny' Valley Railroad
their annual report for the year ending June 30, 1879/
Company gives notice that the fund applicable to the payment
The bonded debt, as fixed and recognized by decree of Court, of the October interest on its income bonds
being insufficient to
is as follows:
pay the whole interest, the amount of the fund will be dis¬
Norfolk & Petersburg sectional bonds
$967,000 tributed pro rata, according to the terms of the bonds, allowing
South Side sectional bonds
1,738,500 the sum of $11 50 for each $35
coupon, and proportionately for
Virginia <fc Tennessee sectional bonds
2,395,590 smaller
Funded interest notes, issued by consolidated company
amounts, to be paid in cash, and for the balance of the
134,584
coupon bonds of the same issue scrip convertible into such
Total prior sectional liens
$5,235,674 bonds, for the sums that may be due less than $100, will be
Atlantic Mississippi & Ohio first consolidated bonds
5,470,000
issued, according to the conditions of the bonds.
second mort. to State of Virginia 4,000,000

Investments

-

“

“

“

Total

$14,705,674

The Court has ordered the cancellation of
and $474,000 consolidated bonds held by

$166,600 divisional
the receivers. By

authority of orders of the Court, the Receivers have extended

for ten years from January 1, 1878, Norfolk &
Petersburg bonds
to the amount of $445,000, leaving $26,000 not extended, and
have also extended for ten years from January 1, 1879, the
funded interest notes to the amount of $117,554,
leaving $17,030
not extended.
The earnings were as follows :
From passenger trains
From tonnage trains

Miscellaneous
Total

Working

expenses

Renewals, etc
Total

lg7g_79<

1877-78.

$413,816
1,250,928
7,386

1,321,472
13,034

$447,202

$1,673,131

$1,781,710

$882,973

$1,074,745

177,115

$1,060,088

220,075

$1,294,820

Net earnings
$612,043
$486,889
Percentage of all expenses
63-40
72-67
From the net earnings the sum of $49,045 was
expended
for
**
further construction,” leaving a net balance of $562,997 for
the year, against $430,133 for the previous year. Gross earn¬

ings

were

decreased by lower rates, and by the loss of through
by the yellow fever. There are now in the track

traffic caused

195 miles of steel rails and 189 miles of iron fish-bar rails.
The traffic for the year was as follows:
1878-79.

1877-78.

129,240

149,577
9,470,228

Bank of California Stock.—San Francisco, Sept. 30.—A cer¬
tificate of diminution of the capital stock of the Bank of Cali¬
fornia from $5,000,000, divided into 50,000 shares, to $1,000,000,
divided into 30,000 shares, has been filed with the county court.
The certificate states that the diminution is by' consent of a
two-thirds majority of the stockholders.
Boston Bank Dividends,—Mr.* Joseph G. Martin, stock
broker, No, 10 State street, Boston, in his October list of
interest and dividend payments, says :
44 Of the sixty-one
banks within the limits of Boston, one pays o per cent (2/£
percent quarterly), seven 4 per cent, two 3)& per cent, eleven 3
per cent, six 2% per cent, nineteen 2 per cent, 5 pass, nine unde¬
cided, and the Pacific divides January and July'. Some of the
banks are very backward in making up their dividend accounts,
notwithstanding the late date in the month, and we are com¬
pelled to make as “not yet decided” the Blue Hill, First Ward,
Freeman’s, National Bank of Brighton, Rockland, Shawmut,
State, Third National and Hide and Leather. The Atlas in¬
creases from 2 to 2^ per cent, Hamilton 2 to 3, New
England 3
to 3/£, People’s 3 to 3/£, Revere 1)£ to 2 and Tremont 2 to 2^
per cent. The National Market of Brighton reduces from 4^i
to 4 per cent, and National Bank of the Republic 3% to 3
per
cent.
The National Security pays 2^ quarterly, the same as
in July last.
The following pass: Boston National, Central,
Manufacturers’, Merchandise and Mount Vernon. Several re¬
sume
which passed previously—viz., Commerce, Common¬
wealth, Globe, Shoe and Leather, and Traders’.”
x

Central Branch Union Pacific.—This road is
tion from

now

in opera¬

Atchison, Kan., to Gaylord, 227 miles; Greenleaf,
Passenger mileage
8,079,780
Kan.„
to
Washington
branch, 7 miles ; Concordia to Scandia
Tons freight, carried
349,632
340.866
branch,
13
miles;
Downs
to Osborn, 10 miles; total, 257 miles.
'Tonnage mileage
73,662,480
70,797,576 Downs is the end of the second
Av. receipts per passenger per mile
division, 208 miles from
3*77 cents.
3*55 cents.
Per ton per mile
1-69 cents.
Atchison and junction of the North and South Solomon
1-86 cents.
The Receivers’ total receipts and disbursements were as divisions.
The grade is all ready for iron from Osborn to
follows:
Bull’s City, 14 miles ; from Gaylord to Kirwin, 15 miles, and
will soon be completed from Jamestown through Jewell Centre
Cash balance, July 1,1878
$58,836
Receipts from all sources
to
Burr Oak, 34 miles.
1,895,997
Total
Chicago Burlington & Quincy.—The Boston Daily Advertiser
$1,954,833
Expended
1,724,249 reports: “This company is building four branenes in Iowa
which will have a total length of *112 miles. The Leon (Chari¬
Balance on band June 30, 1879
$230,583 ton) branch is extended to Mt. Ayr, in
Ringgold County, a disThe Receivers’ resources and liabilities June 30,
The track has been laid to Davis
rance of 35 miles.
1879, were:
City, and
Cash on hand
if possible the road will be finished to Mt. Ayr to October 1, to
$230,583
Accounts and balances receivable
271,299 secure the
necessary aid of $40,000. The Clarinda extension
from Clarinda south, 21 miles, is to be finished this year. The
Total
$501,882
Receivers’ certificates
extension from Red Oak northward up the Nishnabotna Valley
$57,689
Accounts and balances due
84,072
will be completed 20 miles this year.”
Back labor pay-roll unpaid
6,633
Receivers’ pay-rolls, including June
Chicago Milwaukee & St. Paul.—The issue of $4,000,000 of
42,492
Interest on fuuded debt
190,741—381,628 30-year 6 per cent coupon bonds of the Chicago Milwaukee &
St. Paul Railway Company are offered for sale by Messrs. Wins¬
Excess of resources
$120,253
low, Lanier & Co., 26 Nassau street, and Messrs. J. S. Kennedy &
The old floating indebtedness of the
company was decreased
during the year by the payment of $72,001 on account of unas- Co., 63 William street, at 101 and accrued interest—the right to
advance the price being reserved. These bonds are secured by
.•signed back labor claims; $8,104 for interest on divisional bonds a first
on the Southwestern Division, formerly known
accruing before July 1, 1876, and $143,800 on Receivers’ as the mortgage
Western Union Railroad, which extends from Racine,
collateral notes, making $223,906 in all. The Receivers’ col¬
Wis., to Rock Island Junction, Ill., the length, including
lateral notes were paid out of proceeds of sale of
$144,000
divisional bonds. There was paid out for interest on divisional branches, being 212 miles, and which is leased by the Chicago
bonds, due July 1,1878, and Jan. 1, 1879, the sum of $349,150, Milwaukee & St. Paul Company for 999 years. They are of
the denomination of $1,000 each, due July 1, 1909, with interest
and provision made for payment of the coupons
due July 1, payable on
January 1 and July 1, and provision is made for
1879.
registration. Copies of the lease, mortgage and certificate of
legality, which are security for the loan, may be examined at
the office of eitherof the firms named.
GENERAL INVESTMENT NEWS.
Chicago & Northwestern.—A Milwaukee despatch of Sept.
Atchison Topeka & Santa FeThe St. Louis
Republican of 26, to the Chicago Tribune, said: The consummation of the sale
iSept. 25 said of the extensions of this road: “ The Atchison to the Chicago & Northwestern
Railway Company of the entire
Topeka & Santa Fe Railroad, which has been extending its track line of the Sheboygan & Fond du
Lac Railway, extending from
in all directions, will open
to-day three or four different Sheboygan to Princeton, seventy-eight miles, puts an effectual
branches, having built in Kansas alone 157 miles, besides the quietus on all further
speculation as to the route that will be
New Mexico extension, of which 114 miles have been
constructed selected for the Northwestern Company’s proposed air-line conPassengers carried




October

THE

4, 1879.]

CHRONICLE.

357

nection with Milwaukee from the Northwest. The purchase Company et al., the resignations of John Evans and A. G. Duljust effected settles the route definitely in favor of Elroy, and man as trustees for the bondholders of the road, and the
against Lodi, Madison and Baraboo.
appointment of Jay Gould and Russell Sage as their successors
—The Chic. & North, has also completed the Chic. & Dakota in trust, was filed yesterday. A
stipulation was also filed that
Bail way, which is virtually a branch of the Winona & St. Peter the names of Gould and Sage should be substituted in lieu of
division. The new line branches off at Tracey, 241 miles west Evans and Dulman in all further proceedings in the court. ’ It
of Winona, and runs to Lake Benton, in Lincoln County, within was also stipulated that the appeal to the
Supreme Court of
a few miles of the Minnesota State line.
The distance is thirty- the United States should be no further prosecuted.”
five miles, and the road was opened for traffic on Monday, Sep¬
Elizabeth City Bonds.—In the United States Circuit Court at
tember 29.
Trenton, N. J., Sept. 29, before Judges McKennan and Nixon,
Coal Combination.—A combination agreement has been an application was made for an injunction
against the financial
signed on behalf of all the New York companies and the officers of the city of Elizabeth, and for the appointment of a
Philadelphia & Reading. The New York Times reports of the receiver, based on a suit brought by Peter Goelet and others
negotiations:
against the city. The bill sets forth that complainants are citizens
President Gowen, of the Heading Coal Company, arrived in this
of New York; that the charter of the city limited its indebted¬
city yesterday with another modified draft of an agreement for submis¬
ness for street
sion to the coal magnates of this city. It gave each company the right
improvements to $20,000 per annum, but that the
to dispose of its production in any way it might please, and provided for
Legislature, from time to time, permitted the amount to increase
the formation of an exchange,
to be composed of sales agents who should until now the bonded debt is $5,405,500, and the temporary debt
meet daily, or as often as might be necessary, and agree upon advancing
$1,006,106. The suit is brought to recover $9,000 interest on
tariffs of prices; the agreement to have no
binding force unless signed
by every interest before Oct. 10. Mr. Gowen first showed it to President $129,000 worth of bonds held by the plaintiff. It is alleged that
Lathrop, of the Central Railroad of New Jersey, and Receiver Tilling
the money collected by the city was not applied for the
pur¬
hast, of the Lehigh & Wilkesbarre Company, who have been his
active coadjutors in endeavoring to bring about a combination. Of poses authorized by the Legislature; that the assessments now
due the city amount to $1,902,000, with interest from various
course, both signed it immediately. Then, in company with Receiver
Tillinghast, he took a carriage and drove to the office of the Pennsyl¬ dates. The unpaid taxes on July 1,1879, amounted to $424,440,
vania Coal Company, where President Hoyt’s signature was obtained with
interest of ten and fifteen per cent. The real estate and
without difficulty. President Sloaue, of the Delaware Lackawanna &
Western Company, was next visited. He refused to sign until President personal property of the city aggregate $11,853,2)3, subject to
Dickson, of the Delaware & Hudson Canal Company, should first do so. deduction on account of sworn liabilities of $441,095.
The levy
That gentleman was thereupon seen, and he demanded the insertion of a
last year was $525,021. The collection of this levy was impos¬
clause enforcing restriction of production whenever the market should
become
glutted.
A clause was drafted authorizing whoever sible, the amount taken in being only $284,965, a good deal of
shall be
chosen
as
Secretary, upon being notified that the which is paid in rebate certificates of no value to the treasury.
supply in the market exceeded the demand, to call a meeting of Ex-Chancellor Williamson, on behalf of the city of Elizabeth,
the several Presidents for the purpose of considering whether such
opposed the appointment of a receiver, because, he averred, it
restriction is necessary. It mnkes a two-third vote of the entire interest
The city should be allowed
requisite to order a restriction, and the consequent allotments are to be would plunge the city into chaos.
“

based upon the respective outputs of the several companies from Oct. 1,
1879, to the date at which the restriction is determined upon. This was
satisfactory to Mr. Dickson, and he signed the agreement as amended.
It also proved satisfactory to President Hoyt, Receiver Tillinghast and
President Lathrop, to whom it was shown, and President Sloane made
no further difficulty and attached liis signature likewise.
President
Lathrop then took Receiver Tilliugiiast’s place in the carriage, an^ he

to make

terms with

its creditors.

The United States Court

might

go too far if it granted this application.
The matter
should be left to the State courts. The Court took the papers

and reserved its decision.

European & North American.—The United States Circuit
given judgment against this company in the Greenand President Gowen drove to the New York Lake Erie & Western Com¬
pany’s office, and succeeded in securing the.... signature of President ougli suit, and ordered a decree of foreclosure against the 13
Jewett. It was now 2 P. M.. and only President Packer, of the Lehigh miles of road from Bangor to Milford, under the old Penobscot
Valley Company, and President Scott, of the Pennsylvania Railroad Railroad first
mortgage. It is thought that an appeal will be
Company, remained to be heard from. The partly-signed agreement taken to the United
States Supreme Court.
was at once dispatched to Philadelphia for submission to those
gentle¬
men.
Whether they will sign it or not is an open question, but its origin¬
Great Western of Canada.—A London despatch of October
ators profess to believe that they will. President Sloane said that if the
2 says : “At the meeting of the shareholders of the Great
agreement should be ratified he will discontinue his monthly sales of
Western Railroad Company of Canada, to-day, the report of
coal. Two of the Presidents intimated that the advance will be at the
rate of 25 cents per ton every fifteen days, beginning October 10. The September 22 was adopted, and resolutions
approving the
news of what was going on was quickly bruited in Wall street, and an
immense speculation in the stocks of the companies affected was the policy of the board respecting a fusion of the Great Western
with the Grand Trunk Company were adopted by a large ma¬
result. Of Erie 109,000 shares were dealt in, at an advance of l1^ per
cent ; of Delaware Lackawanna & Western, 91,250 shares, at an ad¬
jority of the shareholders present. The discussion upon the
vance of 638 per cent; of New Jersey Central, 44,000 shares, at an
report was thorough and exhaustive.
Arguments for and
advance of 4% per cent, and of Delaware & Hudson 10,000 shares, at
against
of
the
proposed
union
the
two
companies were dis¬
an advance of 4^ per cent.
It was reported last evening that the
Lehigh & Wilkesbarre and Reading Company would make an advance cussed at length, and the advantages to be expected from the
of 2o cents per ton to-day. All the companies refused orders for coal
fusion were clearly set forth,”
yesterday afternoon at the old circular rates.’*
Hudson County, N. J.—The New York Tribune reports t
County Debts in Missouri.—The Jefferson City (Mo.) State
Collector Kingsland of Hudson County, N. J., has
County
Journal has compiled a statement showing the aggregate
that there is no money in his hands. The following
given
notice
indebtedness of the counties, townships and cities of that
sums are due the county for taxes in the years named:
-State. It does not claim that the statement is absolutely cor¬
1876.
1877.
1878.
1874.
1875.
v
rect, but thinks it will be found approximately so, as in most Jersey City
$42,409 $76,755 $105,293 $150,037 $151,825
Court has

“

instances the information has been obtained from official
The aggregate is $40,820,802. Next to St. Louis,
Jackson County owes the largest debt, $1,371,000; next comes
sources.

Lafayette, with $1,215,871; then Howard, with $849,600; Pettis,
with $837,000; Henry, with $598,000; Calloway, with $584,300;
Cooper, with $510,000; Buchanan, with $458,000; Boone, with
$437,000; Franklin, with $346,000; Daviess, with $344,500;
Greene, with $327,000; Dade, with $290,000; Clay, with $288,000,
and other counties with smaller amounts. There
ties with no bonded debt at all—Barry, Bollinger,

are

21

coun-

Carroll, Car¬
ter, Cedar, DeKalb, Dunklin, Gasconade, Harrison, Hickory,
Holt, Iron, Miller, Mississippi, Moniteau, Newton, Osage, ot.
Francois, St. Louis, Scott ana Stone. The St. Louis Republican,
however, says: “We have reason for believing that this

statement is unreliable

municipal obligations

as a

as

whole.

It takes the statements of

returned to the State Auditor’s office

several years ago, and does not recognize the modifications
made by the refunding processes that have been going on in
the last three years, by which the debts of many counties,

notably Lafayette and Calloway, have been materially reduced.”
Delaware & Hudson Canal.—The report of earnings and
expenses of the railroads owned and leased by this company
■have just been received for the month of July, as follows:
Gross earnings

Expenses
Net

earnings

July, 1878.

$346,351

196,192

$150,159

Increase in gross earnings
Increase in net earnings

July, 1879.

$428,044
221,083

$206,961
$81,693
56,802

For the same period the earnings and expenses of the
Albany
& Susquehanna Railroad (included in the above) were as
follows:
July, 1878.
July, 1879.
Gross earnings..
$72,895
$89,356
Expenses
43,622
50,829
Net

earnings

Increase in gross earnings
Increase in net earnings
“

$29,273

$38,527
$16,461
9,254

Denver Pad lie.—The Denver Republican, September 25, said:
In the case of Carlos S. Greeley vs. the Denver Pacific
Railway




Hoboken."

13,691

,

Bayonne City
West Hoboken
North Bergen
Union Township
Harrison

12,793
3,287

Kearney
Total

There is

The

a

16,955

2,822
428

22,019

1,649
4,409
5,233

5,990

386

12,774
12,543

6,491
9,108

$42,409 $80,042 $117,012 $218,978 $198,456
total of $673,001 due the county for unpaid taxes.

floating debt of the county is

a

little

over

$200,000 ”

International & Great Northern.—This road, which was
sold under foreclosure July 31, is advertised to be sold again in
Austin, Texas, Oct. 13, under the decree of foreclosure of the
United States Circuit Court. According to the notice, the

property is to be sold under the following conditions

:

“ Sub¬

ject to the prior lien of all mortgages executed by the said
railroad companies previously to the execution of the mort¬
gages or deeds of trust for tne foreclosure of which the said
suit was brought, and subject to any disposition which may
have been made of said property by any proceedings had under
such prior mortgages. The purchaser will be required to pay
10 per cent of the whole purchase money in lawful money of
the United States at the time of sale, and bn the delivery of the
deed so much more of the total purchase money, in like lawful
money, as shall be necessary to pay and discharge any obliga¬
tions, liabilities or indebtedness of the receiver appointed in
said cause, and all unpaid taxes upon the said premises, and all
costs, fees, allowances, compensation and commissions provided
for by the decree in said cause, and all the expenses of sale. A
statement of the amount of money required for the said pur¬
poses will be prepared by the undersigned (the Master) as
accurately as practicable, and announced and submitted for
inspection at said sale. The remainder of the purchase money
may be paid in the bonds and past-due coupons secured bjr the
mortgages or deeds of trust executed by the International
Railroad Company to said complainants on Jan. 15,1874, and
by the Houston & Great Northern Railroad Company to said
complainants on the same day; that is to say, the bonds and
past-due coupons secured by the first mentioned mortgage will
be received in payment for the first above-described parcel of
property, and the bonds and past-due coupons secured by the
other mortgage will be received in payment for the parcel

THE

358
secondly above described; such bonds and

CHRONICLE.

in either

Ohio &

|Vol. XSIX.

Mississippi.—The World

article of September
Mississippi Railway
second consols will not, we are informed, be paid to-morrow,
though 80 per cent of the bonds had been assented to the
scheme for funding 5 coupons and resuming payment from
reorganization and to give a complete title to the property.
Louisiana State Bonds.—Mr. Matthew Bird has issued a October 1. The Springfield division bondholders now with¬
circular requesting the Louisiana bondholders to deposit at the hold^ their assent from the scheme of reconstruction, and their
Bank of New York one-half of 1 per cent of the face of their recent advantage in court may lead to better treatment of their
bonds, for the defraying of expenses, within thirty days, if bonds than was proposed in the scheme.”
—The receiver of the Ohio & Mississippi road has paid off
they desire to participate in the benefits arising from the pro¬
another
$100,000 of floating debt, for which $250,000 “Springceedings about to be taken.
field Division” bonds were held as collateral. Of the second
Louisville & Nashville.—The annual meeting of the stock¬
holders of the Louisville & Nashville Railroad Company was mortgage bonds over $3,000,000 have assented to the proposed
held in Louisville October 1, and, a vote being taken, three New plan of reorganization.
—A despatch in the Chicago Tribune of Oct. 1 says that the
York men were put into the Directory. They are Edward H.
Reconstruction Committee of the Ohio & Mississippi Railway met
Green, George C. Clark, and J. P. G. Foster. The other Direc¬ in
New York last Thursday and failed to agree upon any plan of
tors are E. D. Standiford, H. V. Newcomb, B. F. Guthrie, W.
B. Caldwell, H. C. Murrell, William M. Farrington, G. A. Wash¬ adjusting the financial difficulties of that road. The second
mortgage bondholders and floating debt creditors signed the
ington, and James H. Hays.
agreement
for the reorganization of the road; but the SpringMissouri Kansas & Texas.—The Union Trust Company of field
bondholders, since the decision of Judge Drummond
New York, Trustee, pursuant to agreement of March 1, 1876,
declaring the bonds valid, declined to scale their bonds, thus
will, on and after Monday, Oct. 6, pay $20 and fund$15 upon
defeating the reorganization.
coupons matured Feb. 1, 1878, of the consolidated first mort¬
Paterson City.—The bids for $15,000 new sewer bonds —5
gage land grant bonds of the Missouri Kansas & Texas llailper cents due 1902—included one for the whole loan at 101*13,
way Company, which have been stamped, subject to said agree¬
ment.
Coupons cut from registered bonds must be accom¬ by Mr. C. Zabriskie, of Jersey City, who took the loan.
South Carolina Bonds.—A press despatch from Charleston
panied by an order from the registered holder, and all coupons
must be left over night for examination.
reports the decision of the Supreme Court of South Carolina
Mobile & Alabama Grand Trunk.—The plan proposed for in the State bond cases, involving the validity of the consoli¬
dated bonded debt of the State, as follows :
reorganizing and completing this road is as follows :
1. That all the outstanding bonds be placed in the hands of
First—That all the bonds issued under an act entitled “ An act to
volume of tue public debt and provide for the payment of
trustees, with power to cancel the same and receive in exchange reduce.the
the same” are valid obligations of the State of South Carolina, excep’t as
therefor a like amount of new 6 per cent secured mortgage follows:
1. Such as were issued in exchange for bonds issued under the act
bonds, of which 75 per cent to be distributed pu> rata among
the holders of the canceled bonds; and the remaining 25 per cent entitled “ An act to authorize a loan for the relief of the treasury,” or
for the coupons of such bonds.
to be conceded to the contractors completing the road to Union2. Such as were issued in exchange for the second issue of bonds under

being received only for such

coupons

sum as the holder thereof will
be entitled to receive under the said decree.”
We understand that this sale is made pursuant to the plan of

case

30 said

“ The

money

October coupon on Ohio &

'

town.
2. Present mortgage to be canceled of record, in order to
relieve all existing liens.
3. New first mortgage bonds, bearing 6 per cent interest, pay¬

able semi-annually, to be issued on a basis of $3,000,000, for the
entire line between Mobile and Birmingham; but the issue to be
limited to $10,000 per mile between Mobile and the railway con¬
nection at Uniontown, or $1,400,000.
4. New second mortgage bonds, bearing 6 per cent interest,
payable semi-anually, to be issued, in amount not exceeding

$1,200,000, to be applied exclusively to retiring the present out¬
standing first mortgage bonds, and compromising the floating
debt. Interest on said bonds to commence to run eighteen
months after beginning work of construction, and to bear 3 per
cent annual interest for the first three years, and 6 per cent

thereafter, until
5.

maturity.

Floating debt and judgment liens to be assigned to trus¬
tees, to be settled at 50 cents on the dollar, in second mortgage
bonds at par.
New York Lake Erie & Western.—The Evening Post money

article of Thursday says : “ The secretary of the New York
Lake Erie & Western Railroad Company has published the by¬
law adopted by the directors which appoints the last Tuesday
in November as the day for the annual meeting of the bond and
stock holders of the company for the election of directors.
“We quote from the by-law as advertised by him :
“

f The said directors shall be voted for by ballot by the bond and share¬
holders in person or by proxy. All holders of registered bonds and the
registered owners of bonds for thirty days previous to an election of
directors or to a meeting of stockholders shall be entitled to vole at such
election and at such ineeiing of stockholders, and to cast one vote for
each $100 of the principal of the bonds held by them, under such regu¬
lations as the directors may from time to time adopt.’
“

The bonds above named

a3 well as others
($2,500,000 Prior
entitled to vote under article 15 of the
mortgage under which all the bonds are issued, and which is as

Lien) not issued
follows

are

:

** *

Holders of bonds secured by this indenture shall be entitled to one
vote for each one hundred dollars of such bonds held by them, exclusive
of interest, at all meetings of shareholders, and on all affairs of the cor¬

poration, under such regulations as to registry, and so forth, as the com
of the lirst part, may prescribe.’
“
The last Tuesday in November this year comes on Hie 25th.

pany, party
“

The following shows the stock and bonds which
ticipate in the election:
Common stock
Preferred stock

can

par¬

$78,000,000
8,536,900

Total stock

$86,536,900
$25,000,000

Second consols, 6s
Second funded, 5s

8,597,400

Total

$33,597,400
“It is, of course, known that one-half of the stock is, under the
plan of reconstruction, in the hands of ‘ Voting Trustees,’ to
be voted by them until dividends for three consecutive years
Lave been paid on the preferred stock. In other words, the

an act entitled “ An act to authorize a State loan to pay the interest ou
the public debt,” or the coupons of such bonds.
3. Such as were issued in exchange for those conversion bonds which
were issued in exchange for either of the two classes of bonds last men¬

tioned, namely, bonds for the relief of the treasury, and the second issue

of bonds to pay the interest on the public debt, or in exchange for the
coupons of such conversion bonds.
Second—If any consolidation bond rests wholly upon any of these
objectionable classes of bonds or coupons just mentioned, then it is
wholly void; but if rests only in part upon such objectionable bonds or coupons, then it is only void to the extent which it does rest upon such,
objectionable bonds or coupons, and for the balance it is a valid obliga¬
tion of the State.
Third—That the burden of the proof is upon the State to show that
any particular bond which may be brought into question does rest,
either in whole or in part, upon such objectionable bonds or coupons,
and if in part only, then the State must show what part is so affected.
The judgment of the Court of Claims is set aside, and the cases are
remanded to that court for such further proceedings as may be necessary
under the principals herein announced.

The opinion of the Court was delivered by Associate Justice
Mclver. Chief Justice Willard concurs. Associate Justice Has¬
kell concurs in the general results reached by a majority of the

Court, but dissents from the exceptions made with regard to the
particular classes of bonds included within the terms of the
consolidation act.

Taxation on Municipal Bonds.—Albany, October 1, 1879.—
The Attorney-General has written the following opinion :
“
Mr. John Hadcock:—In answer to your letter inquiring how
town bonds must be assessed which have been deposited by
their owners in certain banks for safe keeping, I have the honor to

say

that in the

assessed in the town
ment is made for all

cases
or

you

mention the bonds should be

ward where he resides, when the assess¬

personal estate owned by him, including all
personal estate in his possession or under his control, as agent,
trustee, guardian, executor or administrator (chapter 176, sec¬
tion 2, Laws of 1851). Bonds deposited in a bank for safe
keeping are not in the possession, or under the control of an
agent, within the purview of this statute. The bank has no
power over them, and is not responsible for them in case of loss.
A bank has no authority to become a bailee of property (60
N. Y., 278). Assessors must ascertain in the best way they
can who are the persons liable to assessment within their terri¬
torial jurisdiction. The statute p: ovides that “ between the 1st
days of May and July in each year they (the assessors) shall
proceed to ascertain by diligent inquiry the names of all of the
taxable inhabitants in their respective towns or wards, and also
all of the taxable property, real and personal, within the same.”
The duty imposed is to ascertain by diligent inquiry the taxable
inhabitants and property. The mode of executing that duty is
left to the intelligence and good judgment of the assessors
themselves. The law requires of them fidelity and vigilance in
the discharge of their duties. It does not exact from them more
than they are able to perform, nor clothe them with power of
compulsory process or any other method than “diligent
inquiry” to ascertain what persons and property are liable to
taxation.
In the cases you mention you are to assess the

of the bonds, and to ascertain in the best mode you can
which to vote $43,268,- by whom they are owned.”
450, which leaves outside of their possession, which can be voted
Texas & Pacific.—This railroad company’s earnings for first
upon, $43,268,450 stock and $33,597,400 bonds, or a possible
total of $76,865,850. If the voting trustees held one-half of the quarter of fiscal year—June, July, and August, 1879, are
bonds which vote (the second consols', or in figures about reported as follows:
$467,563 50
$17 ,000,000, they would have absolute control in any contest; Earnings
Expenses
285,988 07
but, unless we have erred in our examination of the matter,
Net
they will not have the majority unless they own or control more
earnings
$181,575 43
than one-half of the total of $120,134,300 bonds and stock Net earnings for same time last year
105,009 18
together which carry the voting privilege.”
Increase over last year
$76,566 25

‘Voting Trustees* have in possession




owners

on

.

October 4,

~

THE

1879.]

CHRONICLE
O O T T O N.

5pxe Gyonxnxcrcuxl Jinxes.

Friday, P. M., October 3, 1879.

c^imercTalEFiroii
Friday Night, October 3, 1879.
There has been less
markets for the past

speculative excitement in the general
week than for the two or three weeks
immediately preceding. The leading operators seem to have
oalled a “ halt” along the whole line, and to be engaged in con¬
sidering their position. The weather has been almost unsea¬
sonably warm, and generally dry, just what was needed for
cotton at the South and for com in middle latitudes ; but it
may give early-sown winter wheat too rapid a growth. As the
week closes there is some abatement in the stringency of the

money market, and foreign exchanges have improved.
The following is a statement of the stocks of leading
off domestic and foreign merchandise at dates given:
1879.

Pork

bbls.
tcs. and bbls.

Beef
Bard

'.

lilids.

48.859

bags.

78,294
73,300

bags.
mats.

Coffee, Java, &c
Sugar

hhds.
boxes.

Sugar
Melado

63,646
783

123,826
15,789
50,694

46,214
26,827
42,389
65,365

bags.

1,264
15,000

bales.

3,016

bales.

22,170

18,900

bales.

19,967

14,033

bales.

Rosin

bbls.

Spirits turpentine

bbls.
bbls.

:

bags.

6,250

bbls. and tcs.
bags.

1,125

Saltpetre
Jute
Jute butte
Manila hemp

20,603

Port

2,122
35,486
17,540

Savannah

Galveston

6,150
3,532
26,016
36,171

6T0@6T2^c.; January, 6T7/£@6*20c.;
refined for the Continent quoted at 6*75@6*90c., as to quantity.
Bacon was firm at 5%c. for long and short clear (together),
year,

week of last

Butter and cheese have latterly
been quiet, shippers being unwilling to pay the advanced rates
for ocean freight room.
There has been rather more doing in Kentucky tobacco, the
sales of the week aggregating 700 hhds., of which 550 were for

export and 150 for home consumption. Prices are therefore
lugs ana 6@12c. for leaf. Seed leaf
has continued in request at full prices, and sales for the week
Are 2,019 cases, as follows:
967 cases 1878 crop, Pennsylvania,
12@21c.; 384 cases 1877 crop, Pennsylvania, 10@30c.; 252 cases
1878 crop, State, 15c. and private terms ; 366 cases 1878 crop,
New England, ll@22^c.; and 50 cases 1877 crop, New England,
12@20c. Spanish tobacco in fair request, and the sales are 600
bales Havana at 82e.@$l 05, and 81 bales of Yara on private
steadier at 3^@5/^c. for

38,853
19,750

17,507
12,811

21,867
9,362
16,133
616

23,783
11,448

423

293

386

1,547

1,339

391

389

101

364

299

4,108
18,819
5,606

5,461
10,741
4,506

2,439

5,457

5,314
20,689

2,720
14,375

816

971

381

162,303

130,990

70,040

122,199

102,402

410,939

377,448

153,111

344,131

285,808

Great
Britain.

Oct. 3.
N. OrPns

France.

Total
this

Conti¬

1,418

2,928

2,628

6,997
1,100
10,008
8,510
3,879
13,455

1
•

Charl't’n

•

•

....

•

3,814
5,858
4,036
21,248

Savan’h.
Galv’t’nN. York.
Norfolk-

....

....

....

7,107

3,814

[5,858
5,516
25,740

1,480

....

2,510

....

Other*..

....

....

1,982

....

....

....

....

STOCK.

Same
Week
1878.

,

Week.

nent.

300

....

Mobile..

....

....

3,952

7,107

1879.

1879*

60,129

17,713
9,962

9,884
32,628

54,000
44,832
71,394
15,964
10,000

44,868
61,714
36,988
39,168
4,290
17,000

Tot. this

week..

42,063

2,810

6,090

50,963

45,901 298,831 231,703

86,947

4,784

6,297

98,028

76,904

Tot.sinoe

Sept. 1.
♦The

exports this week under the head of “other ports” include, from
Baltimore, 2,075 bales to Liverpool; from Boston, 4,532 bales to Liverpool*
from Philadelphia, 500 bales to Liverpool.

From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increaas
in the exports this week of 5,062 bales, while the stocks to-night

67,128 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the
following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
are

^ambert, 60 Beaver street:

active movement has continued in prog-

and further improvements in prices have taken place ;
fair cargoes quoted at 15%c. Mild grades have had a good
demand from the trade and full prices have been current. Rice
is rather quiet at the moment, but all values are more or Jess
steady. Molasses is in short supply and very firm; Cuba 50
test refining quoted at 28c.
Refined sugars have latterly been
less active and inclined to easiness at 9^c. for standard crushed.
Raw grades, on the contrary, have been very firm, s© much so
that trade has been materially checked; fair refining Cuba
quoted at 6%c.; good do. 7 l-16@7/£c.
Ocean freight room has been freely taken, both berth and
charter tonnage; rates have improved, and much firmness pre¬
vails. The demands are principally from the grain trade. To¬
day, all rates were firm, with grain to Liverpool, by steam,
taken at 9d., 60 lbs.; do. to Bristol, by steam, 9d.; do. to Liver¬
pool, 5s. 3d. per ar.; refined petroleum to Hamburg, 4s.; in
cases to Java, 45c.
Naval stores were rather quiet to-day, but nevertheless very
firm ; spirits turpentine quoted at 30/£c., and common to good
strained rosins at $1 25@1 30. Petroleum was also quiet, but
refiners refuse offerings at less than 7%c. for refinea, in bbls.,
this month’s delivery. Lead closes very firm at 4%c. for com¬
mon domestic, after sales of 3,000 tons at 4@4%c.
American
pig iron has further advanced, with sales of 1,500 tons No. 1
Allentown, for January, February and March delivery, at $31.
There were also sales of 10,000 tons English Bessemer Pig at
$26, and 40,000 tons to arrive at $25 50. Rails are very firm ;
the .late sales embrace 125,000 tons steel, quoted at $50, and
20,000 tons English steel to arrive at $54 50. Scrap iron has
advanced to $38@40 for wrought, after 1,500 tons English were
sold to arrive at $30@33.. Scotch pig iron has sold to the
extent of 2,000 tons at $27 50 for Eglinton and $28 50 for Grleng&rnoch. Ingot copper has advanced, with 500,000 lbs. sold at
■
19}£c. for Lake.




426

EXPORTED TO—

ending

On

ress,

„

401

29,501
10,117
18,992
1,192
17,562
15,772

season:

Week

deliverable here in December.

an

9,619
6,826
12,198

3,290

City Point, &c

Total since Sept. 1.

5,394
29,368

1875.

400

Florida

...

12,414

1876.

11,956

*

Total this week

1877.

The exports for the week ending this evening reach a total of
50,963 bales, of which 42,063 were to Great Britain, 2,810 to
France, and 6,090 to rest of the Continent, while the stocks as
268
4,350 made up this evening are now 298,831 bales.
Below are the
1,520 stocks and
exports
for
the
week,
and
also
for
the
corresponding
33,630

6‘52^@6*55c.; November, 6T7^c.; December, 6T7/£@

terms.
In Brazil coffees

Royal, &c

Norfolk

irregularity occurred in sympathy with the Chicago advices.
To-day, little was done and the feeling was rather indifferent;
mess on the spot sold at $9 5$ ; prime do. *9 50 ; for future
delivery there were no sales; October quoted $9 35@9 50. Lard
sold on the spot at 6^c. for prime Western ; October delivery

6T2^c.; seller the

Charleston

1,583
57,278

In provisions business has been of less liberal proportions, but
values on the whole have remained firm, though at times some

sold at.

1878.

30,580
14,692

North Carolina

4,044
8,004
5,000
89,400
35,320
’26,595
1,624
2,303

No.

1879.*

Mobile

12,663

75,900
1,765
3,165
1,000
152,325
34,100
33,126
5,368

Hides
Cotton..

Receipts this w’k at

Indianola, &c
Tennessee, &c

519,000
2,474
1,359
4,000
43,900
75,208
30,642
2,515
4,807
6,400
None.
None.
12,250
2,107

by our telegrams
the week ending
this evening (Oct. 3), the total receipts have reached 162,303
bales, against 127,729 bales last week, 76,933 bales the previous
week, and 30,G54 bales three weeks since; making the total
receipts since the 1st of Septembef, 1879, 410,939 bales, against
377,448 bales for the same period of 1878, showing an increase
since September 1, 1879, of 33,491 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:

34,396
17,979
44,642
11,094

bags, &c. 642,000
hhds.
bbls.

Linseed

65,809
83,732
28,097

1878.
Oct. 1.

9,110

...hlids.

Rice, E. I
Rice, domestic

Oct. 1.
69,104

The Movement of the Crop, as indicated
from the South to-night, is given below. For

New Orleans

articles

24,823

Molasses, foreign
Molasses, domestic

Tar.

1879.

285

119,760
bales. 16,271

Tobacco, domestic
Coffee, Kio
Coffee, other

Sugar

Sept. 1.
89,488

tea.

Tobacco, foreign

*

359

Oct. 3, at—

New York

Foreign
4,526

138

None.

None.

6,970
7,500
13,690
12,100

500
300

None.
200

3,500
1,000

4,000
58,433

*

Stock.

None.

40,453
9,884

7,870

24,758

38,000
23,556
50,199
18,964

19,676

4,000

205,814

'

3,581

505

None.
None.

None.

None.

3,000

9,826

8,119

8,5441

93,017

bales at presses for foreign ports, tha

our usual table showing the movement of
ports from Sept. 1 to Sept. 26, the latest mail dates:

following is

cotton at all the

RECEIPTS SINCE
SEPT. 1.

Ports.

1879.
N.Orlns

Other..

36,610
14,981
37,055
66,800
53,102
2,138
1,340
8,017
24,506
4,087

This yr.

248,636

Mobile.
Char’n*

8av’h..
Galv.*.
N. York
V

N. Car.
Norf’k*

Last

Total.

16,000
21,276
*21,195
7,000

Included in this amount there are 8,095
destination of which we cannot learn.

Florida

)

839
None.
200

4,200

*

The

Coast¬
wise.

Other

France.

14,173

Other ports
Total

-

Leaving
Liver¬

pool.
New Orleans
Mobile
Charleston
Savannah
Galveston

Shipboard, not cleared—for

Tear

*

1878.

EXPORTED SINCE SEPT.

Great
Britain.

France.

18,925
9,328
49,436
90,041
51,923

8,597

467

30,375

683

7,589
14,352
3,714

246,458

•

•

•

•

•

•

'

Other

Foreign

210

36

1 TO—

Stock.
Total.

8,843
....

....

....

....

....

....

....

....

•

•

m

mm

m

.

m

m

•

....

....

-

•

•

m

•

•

.

.

.

....

....

....

....

•

5,912

20

1,764

.

•

.

44,884

1,974

26,501

2,840

....

....

142

142

....

....

9

....

-

32,159

5,921

24,370
8,606
22,034

38,160
34,737

50,305
1,216
9,999
7,800

207

47,065 197,227

1,662

31.003 171,063

Under the head of Charleston is included Port Royal, Ac.: under the head of
Galveston is included Indianola, Ac.; under the head of Norfolk U included City

Point, Ac.

00
03
7
.
3
7.4
2
360

THE CHRONICLE

The market has been variable for cotton on the
spot. There
recovery of -|c. on Saturday, to 10£c. for middling uplands,
followed by a decline of £c. on

was a

Monday, £c. on Tuesday, and £c.
Wednesday, to lOfc. for middling uplands. At the reduction
there was a larger business, both for
export and coo sumption.
Yesterday, there was no quotable change. The deliveries on
contracts, which had been very large on the closing days of Sep¬
tember, became much smaller on the 1st of October. To-day,
there was a good business for
export and consumption, and
prices were nominally unchanged, closing at lOfc. for middling
uplands. The speculation in futures has been less active, and a
on

feverish, unsettled tone pervaded the market.

There

was

a

slight decline on Saturday, a recovery on Monday, a smart
decline on Tuesday, a lower
opening and a dearer closing on
Wednesday, much irregularity and finally a lower closing on
Thursday. The firmer closing on Wednesday was due mainly to
the smaller receipts at the ports,
causing a demand to cover con¬
tracts, and encouraging the belief of some that the stimulus of
the higher prices for September
having ceased, a less liberal
movement may be looked for.
To-day, there was general depres¬
sion ; accounts from
Liverpool and Manchester were depressing,
receipts at the ports were large, and the weather reports very
favorable to the growing crop.

The total sales for forward delivery for the week
bales, including — free on board. For immediate

152,100
delivery the
total sales foot up this week 8,297 bales,
including 3,970 for export,
3,977 for consumption, 350 for speculation, and — in transit. Of
the above, 1,250 bales were to arrive. The
following tables show
the official quotations and sales for each day of the
past week:
UPLANDS.

Sept. 27 to

are

NEW ORLEANS.

Sat.

Mon Toes

Ordin’y.$tt>

97ic

9116 9916 9716 93i6 99,6 9716 93i6
9716
91.510 91316 9916 915i0 91*16 99ig
lOLe
91316 10°16 103i6
915ie 105i6 103i6
915,6
10°16 iOiie 1O910 10716 103i6 10916 10716 103ie
10716 10316 lO^ie 109i6 10516 101 he 10»16 10&16

Strict Ord.. 91316
Good Ord.. 10%6
Str. G’d Ord 10?16
Low Midd’g 109i6
Str. L’wMid 10%

Middling... 1078

Good Mm
Ills
Str. G’d Mid 113s
..

Midd’g Fair 1178
Fair

125Q
Wed

Ordin’y.$k>

81516

Strict Ord.
95i6
Good Ord.. 9H16
Str. G’d Ord 91&16
Low Midd’g Idle
Btr.L’w Mid 1014
Middling... 103s
Good Mid.. 105q
Str. G’d Mid 1078
Midd’g Fair 113s
Fair
1218

Mon Tues Sat.

95i6

103s
1012

11

1034

1114
1134
12^

11
lllo

107s

11
11 x4

1112
12
12 34

1214

Th.

10%
107e
Ilia
1138
1178
125e

Wed

| Fri.

10*2

1078

10%

105s
Urtg

11

1078
1118

llie

1114
11 kj

115s

12

Th.

113s

1178
12% ' 125Q

1238
Fri.

Wed

Th.

1012
105s

1078
1118
1158
123s
Fri.

81516 8i5i6 91l0
9ii6
9*16
9ii6
9iie
gh«
95,0 9516
97J6 9716 9716
9716
91*16 9Hl6 91*16 91*16 91*16
913,6
91&1R 91516 10116 lOiie 10116
101,6 10116
lOiie 10116 103i6 103i6 103,6 10%6 103ie 103,6

$#. IX

10%

1014

103s

1038

105s
107e

105g
Hrts

1138
1218

113s
1218

STAINED.

1038
1012
1034

103s
10 ^3

11

11

Ills
1214

Ills
1214

1034

Sat.

Good Ordinary
Strict Good Ordinary
Low Middling

$ B>.

103s
1012
1034

1038
lO^l
10%

1038
10Lj

103s
1012

10%

11
lllo

11

1034

11

11

1112
12%

llLj
1214

lllfl
1214

1214

Mon Tnes Wed
910

95g
10

9%
95g

978

Til

9is
9^

918
9kj

10516

Fri.

9%
912

10316
9i5ie 913,0 9!3,6 913i6
109,« 107ifi T031b 101,6 10ii« 101,6

Middling

1,400

2,100
3.300
5,900

....

Cts.
9-97
9 98
9 99

Bales.

10-00
1001
10 02
...10 03
10 04

3.600

1,800

Cts.
10-10

900

11 n

1,600

10-12
10 13
10-15
10-16
10-17
10-18

300

1,700
300

2,200
500

1005

1,400

1006

200
500

1,700
400
600

100......

10 08
10 09
10*10
10-11
10-16
10-17

1,000

10-18

300

1,000

10-19
10 20

1,500

10-21

600

10 22
10-23

400.
700
400

For

February.
10 09

The
•07

MARKET AND SALES.

500.

,10-52
10 53
1054
10-55

1,000

10-34

400
100
400
200
600

10-35

10,400

SALES OF 8POT AND TRANSIT.

Ex-

j Conport.; sump.

431
182
Quiet at^adv..
543
Quiet, quo. red. *8
Tues. Quiet at 14 dec’ne
406
Wed Steady at ^ dec.. 2,474
84S
Thurs
Steady.
503) 1,027
Fri.
950.
971
Easy.
Sat..
Mon
.

Spec- Tran¬
ul’t’n

sit.

278

....

•

•

•

•

•

•

•

.

3,970!

Total

3,977

....

....

m

....

....

350

....

m

m

40,700
71,500

71,000
3,322 119,800
1,530 77,800
1,921 71,300

....

.

....

Sales.

297
821
406

.

m

Deliv¬
eries.

2,800
7,900
8,000
8,100
1,400
1,200

8,297 452,100 29,400

For forward

delivery the sales have reached during the week
452,109 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For

September.

Bales.

800.

Bales.

Cts.

100
700
200
600

10-35
10r 6
10-37
10-38
10-39
10-40
10-41
1042

...

200

700....

600
600.
£00
300 s.n. 29tlil044
800
10-44
200 s.n <9olil0-45
30-45
2,400...
10-46
1,000
400
10 47
100
10-49
300 s.n. .9tbl0 50
700
10-50
....

..

....

....

.

Cts.

100 s.n.7th. 10-13
1013

.

5,900
4,600

10-14
500 s.D.3d..10-15

2,700

10-15

2.400

10-16

3,900

10-17

200
10-18
100
1019
100 s.n. 3d .10-20
100 s.n.-lihlO 20

1,100

10-20
10-21

...

2,900.

10 23
30-24
300 8.n.3d..l0 25
8,400
10 25
4,800
10-26

1,600.
1,500
i ,200
3,000

.

.

id. .10 23

10,300

10-27

200 s.n.2d

For October.
9-97
1,800
9-93
1,100
3.900
9-99.
.

.

..

...

....

19,500
17,100....
11,000.
7,400

io-oo
10-01
1002

...

10-04

10,000

....

3,900

1005
10-06

!

2,800
1,900

3,700...
5,200.
6,800.
5,700...:

...

.

.




.

..

.10-09
10-10
1011
1012

4,100
10,300
8,000
6,000.

.

10-28
10-28

10-i9
10-30
10-31

3,300
200
400

....10-03

12,100

1,1+00
4,209
1,500.
6,200
4,400
6,000

5,100
2,600.
2,700

.

s.n.

10-32

500....

...

...

209,900

9-88
9 89

.

5,600.

9-94
9-95
9-96

..

.

9-89
9-90

9 94

9-97
9-98

9 99
10*00
10-01
1002
10 04

1005
1009

1,100.
1,300..:.

->(M)

Ifl'fiil

10-30 1

100

10-63

10-31

100

10-68

1011
1012

1004

700....

3,300....
1,100....
2,400....
1,500....

10-16

8,400....

—

1018

For December.
100

10-44
10-45
10*46

500
fOO

10-47

900

10-48
10-49
10-50
10-51

200
200

For June.
10-63
lu-69
10-74
10-75
10 76

100

..10-77
10-78

400

2,800

|

:

'10 pd. to exch. 100 Dec. for Jan..

The following will show the range of
prices paid
and the closing bid and asked, at 3 o’clock P.
M., on
the past week.

for futures
each day in

Futures

Saturday.

Monday.

Tuesday.

Market.

Irregular.

Irregular.

Lower.

For

Day.

High.

Closing.

•

64,500
9
For January.
900....
800....

2,200....

For Day.

Closing.

For

Day.

Closing.

Bid. Ask High. Low.
Bid. Ask High. Low.
Bid. Ask
10-34 36 10-4910-35 10-43 45
October 10-36-10-21 10-21 22 10-33-10-24 10-29 30 10-25-10-07 1010 —
“

Low.

Sept’b’r 10-50-10-34

10-45-10-40
10-18-10-13 10-16
1019-1013 1017
10-26-10 20 10-24
10-40-10*34 10-38
10-55-10-49 10-53
10-69-10-68 10-68
10-85-10-83 10-82
10 3 0

s.n.

Nov’ber 10-20-1009 1010
Dec’ber 1016-10-11 1011
Jan’ry 10-24-1016 1017
Feb’ry.. 10-36- — 10-32
March
10-51-10-50 10-46
10-59
April...
10-72
May....
Tr. ord.
10^ to
Closed.
Eas 7*
.

.

—
—

18
35
48
63
76

17
18
25
40
55
70
85

10-34-10-28
1011- 9-98
10-13- 9-99
10-20-1006
10-32-10-18
10-50-10-33
10-63-10-49
10-80-10-65

9-98
1000
10*07
1019
10-33
10-46

Quiet, st eady.

Thursday.

Friday.

Market.

Variable.

Variable.

Easier.

Day.

Closing.

For

Day.

—

08
20
35
49

10*62 65

Wednesday.

For

99

101 0
Stea<iy*

Futures

Closing. For Day.

Closing.

High. Loxc. Bid. Ask High. Low. Bid. Ask High. Low. Bid. Ask
October 10 14- 9-97 1014 - 1018-10-02 10-10 - 1005-1000 10 00 01
“
s.n. 10-25-1015
Nov’ber 9-96- 9-86 9-98
Dec’ber 10 00- 9-88 1001
Jan’ry. 1011- 9-98 10-11
Feb’ry. 10-19-1009 10-24
March.. 10-3310-24 10-37
April... 10-4610-40 10*51
May.... 10-56-10-52 10-64
June... 10-78-10-74
Tr. ord.
10 15
Strorig.
Closed.

10-33- —
9 96- 9-90
9-98- 9-93

99
02

9-90 91
9-94 95

12 1007-1002 10*04 —
10 20-10 15 10-17 19
10-32-10-30 10-30 32

26
39
55
68

10-51-10-46 10-43 46
10-65-10-60 10-61 64
10-77-10-75
10*1 0

10-20-10-13
9-87- 9-82
9-89- 9-83
10 00- 9-94

9-83 —
9-84 85
9-94 —
10-13-10-09 1009 —
10-27-10-23 10-22 24
10-41-10-39 10-36 39
10-59-10-58 10-51 55
10-69-10-68
10-0 5

Easj7.
Barely
Sept, sold at 10-44c.^l<J-50c.

s teady.

op Cotton, as made up
by cable and
follows.
telegraph, is as
The Continental stocks are the figures
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Oct. 3), we add the item of
exports from the United States, including in it the exports of
Friday only:

Stock at Liverpool
Stock at London

1879.

1878.

1877.

1876.

233,000

351,000
25,750

535,000
26,250

691,000

376,750
139,500
1,750
15,000
4,250
28,750

561,250
178,500
8,500
54,500
11,750

725,250

57.750

60,581

Total Great Britain stock

293,581
102,650
1,964
11,949
2,300

.

Stock at Havre
Stock at Marseilles

26,703

Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe1

62,000

11,000

11,000

4,500

6,750

17,000

3,750

13,000

9,750

14,750

177,424

253,500

369,000

43a,250

471,005

930,250 : 1,160,500
130,000
240,000
28,000
55,000

42,250

8.928

630,250
140,000
56,000
10,000

298,831

231,703

17,039
12,000

24,640

56,209

Stock in United States ports
8tock in U. 6. interior ports...
United Stales exports to-day..

197,250
4,000

4,500

123,641

.

34,250

50,000
62,750
16,500

26,170
1,938

Total continental ports....

Total visible
Of the above,
follows:

12,000

’

30,500

17,000
157,526
16,408
1,000

18,000
295,074
31,920

6,000

supply
987,653 1,104,593 1,280,184 1,806,494
the totals of American and other descriptions are as
<■

American—

...

2,000.... .......10

...

78,700

10-85

in

...

700

...

10-65
10-70
10-80
10-83

following exchanges have been made during the week

pd. to exch. 500 Nov. for Jan.

..

..

500....
300....

.10-64

.

4,100

10*28

Egypt,Brazil,&c.,aflt for E’r’pe1

100....

100

500

10-41

1027

..

..

600
800
...

.

900
300
100
200
100

..10*42

..

TOO

n*«8

..

500.

...

1,800...
1,900

10-58
10-59
10-6O

10-40

100

1

10-55
10-56

1,200.

10 25

Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntal ports.

2,700....
2,800....
3,800....
2,000....

700....
100....
100
100....
400....
500

300
200.

200.
200
300
200
200

2,000
1,200

10 26

•

For May.
200.......... 10*52

10*39

'800

For March.
300
10-23
200
10-24

Stock at Barcelona

7,200....
...

5,800

200
100
400
100
400
400
100
100

Cts

..

...

1,100
2,800....
1,200.
4,800....

—

4,300....
4,000.
1,700...
2,300....

9-91

600

lOOs.n.lbthlO-33
2,600
10-33
100 s.n.2d.. 10-34
700
10-34
300
10 35
100
10-36
100 s.n. 1st. 10-40
100 s.n id.. 10-42
l(K)e.n.22d. 10-45

....

...

2,500....

s.n.

1,400....
5,000
1,100..

9-85

1st.10-31
2d 10-33

s.n.

Bales.
1,500....
2,100....

....

10-22

100

3,800
3,700

7,000

12,200

For November.
Bales.
Cts.
1,000
4,600
3,900

2,500
1,800

10-69

April.

1,200

1,300

100

Cts.

300

The Visible Supply

FUTURES.

Total.

72

....

For
100

10-39
10-40

1,000

Bales.

►

10-36
10 38

Short notices for the 29th
SPOT MARKET
CLOSED.

10-51

600
100
500

15,600

10-25
10 26

200

10-19

.

48,200
1,300

Cts.
10-32
1,000
10-33
400 ......V.. 10-34
100
10-46
300
10-48
400
10-49
900
10-50
300

10 20
10*22
10-29
10-32

....10-24

700

Bales.

500
100
100
200.

1007

Mon. Tnes

QJLe

IOSq
1034

v,ooo...
1JKM*
L000

TEXAS.

Oct. 3.

Sat.

Bales.

[VOL. XXIX.

14

Liverpool stock

86,000
84,000

Continental stocks
American afloat for Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, <tc.—

Liverpool stock
London stock
Continental stocks

■“
-

56,209

194,000
190,000
56,000

298,831

231,703

17,039

12,000

24,640
12,000

270,000274,000
28,000
157,526
16,408
1,000

554,079

708,343

746,934=

983,994

147,000

157,000

265,000

383,000

60,581

25,750

26,250

34.25a

93,424

63,500

95,000

147,250

308,000
288,000
55,000
295,074
31,920

6,000'

October

THE CHRONICLE

4, 1879.]

361

'

1879.

1878.

1877.

Egypt, Brazil, &c., afloat

123,641
8,928

140,000

10,000

130,000
17,000

Total East India, &c
Total American,

433,574
554,079

396,250

533,250

822.500

708,343

746,934

983,994

India afloat for Europe

1876.

240,000

18,000

Total visible supply
Price Mid. Upl., Liverpool

987,653 1,104,593 1.280,184 1,806,494
6*cd.
6716d.
6^.
578(1.
J3P One of our cable messages failed to reach us until too late for use
last week, consequently the Bremen stock in our table was
unchanged.
The stock at Bremen was last week 26,634, and is this week
26,703, as
above.

J3F* Our Liverpool correspondent cabled us last week, but too late for
insertion, that the deficit in American cotton found on the count of
stock at Liverpool was “ discredited there.” We do not know his
grounds
for the statement, but know he would not cable it unless he believed
he
had sufficient grounds.
The above figures indicate a decrease in the cotton in
sight to¬
night of 116,940 bales as compared with the same date of 1878,
a decrease of
292,531 bales as compared with the corresponding
dae of 1877, and a decrease of 818,841 bales as
compared with
1876.
At the Interior Ports the movement—that is the
and shipments for the week, and stocks

receipts
to-night, and for the

corresponding week of 1878—is set out in detail in the following
statement:
Week

ending Oct. 3, ’79.

Receipts Sliipm’ts
Augusta, Ga
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Selma, Ala
Memphis, Tenn..
Nashville, Tenn..

6,844
2,471

7,183

2,808
7,336

2,379
6,809

7,268

9,164

776

1,908

14
701

Total, old porta.

29,411

Dallas, Texas
Jefferson, Tex....
Shreveport, La

Week

Stock.

Receipts Shipm’ts Stock.

2,737
2,152
2,109
2,993
3,738
1,162

2.304

ending Oct. 4, ’78.

9,148
3,603
3,590
7,370

7,157
3,664
3,349
7,520
4,403

5,809
.

.

.

.

-

..

.

4,525
2,346

3,560
6,476
5,596
729

2,148

1,305

675

1,403

28,554

17,039

30,830

26,763

24,640

ljj)7 o

1,083

1,418

400

663

1,605

137

1,345

416

1,819

333

..

2,763

Vicksburg, Miss..

3,349
1,692

1.586

748

4,375

1,400
3,427

311

1,695

640

710

433

2,503

1,060

300

300

4,081
2,205

4,296
2,419

2,861
2,031
4,840

Columbus, Miss..
Eufaula, Ala
Griffin, Ga.fcsL).
Atlanta, Ga
Rome, Ga
Charlotte, N. C...

994
2,091
500

5,748
3,087
1,853
21,377
1,473

1,704

362

16,323
1,326

17,934
1,441

2,712
8,381
2,401

Total, new p’rts 46,236

35,660

35,168

30,116

St. Louis, Mo

Cincinnati, 0

117
297

....

2,217
1,967
4,415
2,450
1,751

33
891

2,775

1,525
1,059
3,989
1,250
1,364
6,994
1,638

24,842

22,568

2,300

6,427

Total, all

64.214
75,647
52,207
60,946
51,610
47,208
The above totals show that the old interior stocks have
increased during the week 857 bales, and are
to-night 7,601
bales less than at the same period last year.
The receipts at the
■ame towns have been
1,419 bales less than the same week last

year.

'

Receipts prom

the Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made
up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore/a safer conclusion through a comparative statement
like the following:
RECEIPTS PROM PLANTATIONS.

Week

ending—
May

2

Receipts at the Ports. Stock
1877.

1878.

1879.

16,560 31,196 22,283
9...... 17,309 24,252 19,031
16
16,288 20,097 19,897
23
12,147 19,732 16,673
30
9,669 18,220 17,113
June 6
9,390 12,380 11,089
13
8,526 11,231
6,612
44
20
8,526 10,721
7,188
44
27
6,879
6,519
6,293
July 4
6,102
5,949
3,637
11
4,404
5,287
3,032
44
18
3,676
3,782
2,809
44
25
3,299
4,086
3,272
Aug. 1
2,691
3,671
2,503
8
2,102
3,069
3,945
44
15.....* 1,733 4,657 3,462
44
22
2,644
5,699
4,843
29
4,335 15,784
4,875
Sept. 5
5,885 26,750 13,920
44
12.'.....
12,109 47,431 30,054
4
19
22.345 74,355 76,933
26
43,128 98,863 127,729
Oct.
3
70,040 130,990 162,303
44

44

44

44

44

44

44

44

•

at Inter’r Ports

1877.

1878.

1879.

107,534
97,696
86,376
79,009
67,786
57,509
52,154
45,769
35,811
32,077
28,997
27,979
25,361
22,472
21,574
19,118
17,600
16,278
16,449
16,272
15,104
20,510
29,720

75,550
65,770
56,433
46,305
39,025
34,154
29,315
23,287
21,240
19,675
18,033
15,494
12,527
11,005
8,346
6,238
5,999
6,593
9,979
18,971

78,962
71,546
59,249
51,429
42,198
37,570
32,429
29,306
25,223
22,388
20,691
15,528
14,410
13,966
13,049
11,477
7,463
7,301
9,598
14,563
23,896
40,774
52,207

26,377
37,872
47,208

Rec’ptsfrom Plant’ns
1877.

7,020
7,471
4,968
4,780
•

•

•

.

....

3,171
2,141
,,,,

2,368
1,324
2,658
681
•

•

•

.

1,204
•

•

•

•

1,126
3,013
6,056
11,932
21,177
48,534
79,250

The above statement shows—

1878.

1879.

17,604
14,472

13/51
11,615
7,600

10,760
9.604

10,940
7,509
6,392
4,693
4,832
4,384
3,645
1,243
1,119
2,149
410

8,853
7,882
6,461
1,471
4,065
2,210
802

1,335
2,154
2,059
3,028
1,890

2,549
5,460
829
16,378
4,713
30,136 16,217
56,423 35,019
81,761 86.266
110,358 144,607
140,326 173,736

1. That the total receipts from the
plantations since Sept. 1 in
1879 were 455,845 bales; in 1878 were
419,004 bales; in
1877 were 166,949 bales.
2. That the
receipts at the out ports the past week
were 162,303 bales and the actual
movement from plantations

week, the rainfall reaching twenty-three hundredths of an inch.
A good rain is
generally Deeded. The country is much discour¬
aged by the decline in prices. The thermometer has averaged
79, the extreme range being 72 to 85. The rainfall for the month
of September is one inch and
forty-seven hundredths.
Indianola, Texas.—There have been sprinkles here on three
days of the week, the rainfall aggregating twenty-five hun¬
dredths of an inch.
We hear rumors of the
appearance of cater¬
pillars, but think them of little importance, it being too late for
harm.
Average thermometer 79, highest 86 and lowest 73. We
have had a rainfall during the month of seven inches and twen¬
ty-one hundredths.
Cor sic ma, Texas.—It has rained on two
days of the week, wel¬
come but insufficient, the rainfall
reaching one inch and fiftynine hundredths.
Wheat planting will now begin.
Average
tliermom-ter 79, Highest 92 and lowest 63.
The rainfall for
September is ninety-one hundredths of an inch.
Dallas, Texas.—Rain has fallen during the week on two days,
but not enough to do much
good, and the ground is deplorably
dry. The thermometer has ranged from 63 to 92, averaging 79.
The rainfall for the past week is
forty-three hundredths of an inch,
and for the month of September forty-five hundredths of an
inch.
Brenham, Texas.—The weather during the week has been
warm and
dry. No rain has fallen, and the drought is terrible.
The extreme range of the thermometer for the week is 63
to 90,
and the average 77.
There has been a rainfall during the past
month of fifty hundredths of an inch.
New Orleans, Louisiana.—We have had showers
during the
week on two days, the rainfall
reaching ninety-nine hundredths
of an inch.
The thermometer has averaged 77. The rainfall
for the month of September is three inches and fifteen hundredths.
Shreveport, Louisiana.—The weather during the week has been
fair and pleasant, the thermometer
averaging 75 and ranging
from 63 to 88.
The rainfall has reached eighteen hundredths of
an

inch.

Vicksburg, Mississippi.—It has rained during the week on only
day. The weather has been very propitious and picking is
proceeding actively.
Columbus, Mississippi.— The father during the week has been
warm and dry, rain
having fallen on only one day, and that very
slight. The thermometer has averaged 78, the highest being 83
one

,

and the lowest 73.
The rainfall for the week is ten hundredths
of an inch, and for the month of

thirty-seven hundredths.

September three inches and

Little Bock, Arkansas.—Telegram not received.
Nashville, 'Tennessee.—We have had warm, dry weather during
the week, the thermometer
averaging 70, and ranging from 42
to 87.
Picking is progressing finely.
Memphis, Tennessee.—There has been no rainfall at this point
since the 1st of September.
The theimometer has averaged 73
during the week, the highest point touched having been 92, and
the lowest 56.
Last week the thermometer averaged 67, with a
range of 52 to 84.
We are still quarantined, and planters are
holding on to their crop mostly.
Mobile, Alabama.—It has rained during the week on three
days, but the rainfaT was too small to measure. Picking is
making rapid progress, about one-half the crop having now been
gathered. The thermometer has averaged 76, ranging from 63
to 90.
The rainfall during September has reached one inch and
thirty-eight hundredths.
Montgomery, Alabama.—The weather the past week has been
warm and dry, no rain
having fallen. Crop accounts are more
favorable, and picking is making rapid, progress.
Planters
are sending their crop
to market freely. Our correspondent states
that the continued fine weather causes a
general tendency to
increase crop estimates materially.
Average thermometer 74,
highest 88, and lowest 54. There has been a rainfall during the
past month of one inch and twelve hundredths.
Stlma, Alabama.'—There has been no rainfall during the week,
the weather having been warm and dry.
Picking is progressing
finely, and cotton is being forwarded freely.
Madison, Florida.—Thi weather during the week has been
warm and dry.
The thermometer has ranged from 50 to 92,
averaging 71. Caterpillars are reported everywhere and doing
great damage.
Macon, Georgia.—Telegram not received.
Columbus, Georgia.—We have had rain this week, but not
enough to do much good. Picking is progressing finely. The
thermometer has averaged 80.
There has been a rainfall during
the month of one inch and sixty-one hundredths.
Savannah, Georgia.—It has rained on one day the past week,
the rainfall reaching one hundredth of an inch, the balance of
the week having been pleasant.
The thermometer has ranged
from 55 to 83, averaging 71.
Augusta, Georgia.—The weather has been warm and dry
during the week, and accounts are favorable. Picking is pro¬
gressing finely, and planters are sending cotton to market freely.
Average thermometer 71, highest 84, and lowest 51. The rain¬
fall for the month of September is four and
forty-six hundredths
inches.

;

Charleston, South Carolina.—There has been no rainfall the
past week. The thermometer has averaged 71, the highest
being 82 and the lowest 54.
173,736 bales; the balance being added to stocks at the in¬
The following statement we have also received
by telegraph,
terior ports.
Last year the receipts from the plantations for the showing the height of the rivers at the points named at 3 o’clock
same week were 140,326
bales, and for 1877 they were 79,250 bales. Oct. 2, 1879, and Oct. 3, 1878.
•'
Weather Reports by Telegraph.—The weather
Oct. 2, ’79.
Oct. 3/78.
during the
Feet. Inch.
Feet. Inch.
past week has been in general very favorable for developing and New Orleans
Below high-water mark
13
2
1
2
gathering cotton. The crop is, therefore, being secured in good Memphis
Above low-water mark...
2
3
7
5
Nashville
Above low-water
condition.
•

..

mark...

Galveston, Texas,—"We have had .drizzles

■

J0>




on

four

days the past

Shreveport
Vicksburg

Above low-water mark...
Above low-water mark...

0
2

6
8

5

7

0
1

6
11

Missing.

CHRONICLE,

THE

362

Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬

stantly have before him the data for seeing the exact relative
named. First we give the receipts at
each port each day of the week ending to-night.

movement for the years

'PORT

RECEIPTS PROM

New
of
Or¬
we*k leans.

D’ye

Bat.
Mon
Tues
Wed

Thur
Fri..

4,453
4,878
9,546
2,367
3,668
5,668

Mobile.

|

SATURDAY, SEPT. 27, ’79, TO FRIDAY, OCT. 3, '79.

Char- Savan¬
nah.

jleston.

5,297
6,090
6,266
5,658
5,425
6,750

l,354j 3,502

4,325' 5,106

2,005j 3,648
3,329
1,633

2,046j

Galvest’n.

2,782
2,871

2,694

2,509
5,931
1,888
3,232
1,867

2,113’

Nor¬
folk.

Wil¬

movement each month

Year

Monthly
Receipts.

1879.

Bept’mb’r

333,643

Total

ton.

2,742

995

2,593
4,570

470
899

2,124
1,838
1,978

2,257
3,302
3,355

214

946

508

2,221

30,800
20,785
21,495

508 11,882

35,016

Tot.. 30,580 14,692 20,603 35,486 17,540 18,819

The

All

ming¬ others.

22,976
31,231

3,594 20,989 162,303

since Sept. 1 has been as follows:

Beginning September 1.

1878.

1877.

288,848

1876.

95,272

236,868

1875.

1874.

169,077

134,376

Pero'tage of tot. port
receipts Sept. 30..

06-49

02*19

05-87

This statement shows that up to

0403

03-81

Sept. 30 the receipts at the

ports this year were 44,795 bales more than in 1878 and 233,371
Vales more
at the
than

time in 1877.

By adding to the
to Sept. 30 the daily receipts since that time, 'we
to reach an exact comparison of the movement for
same

nbove totals
shall be able
the different years.

the tendency was upwards, until middling uplands touched 6%cl„
on the spot and
6 23-32d. for near deliveries, or %d. to 7-16d.
advance in the twelve days. Spinners bought freely to cover
orders taken iu Manchester, where more had been doing than
had appeared on the surface.
The upward movement was
stimulated also by the advance at New York and by the grow¬

ing strength of the statistical position. The most sanguine
views were entertained as to the future, and 7d. was considered
to be close at hand.
On the 26th there was a pause, owing to
an unexpected reaction at New York, and futures lost 3?d. ;
spot cotton was also the turn in favor of buyers. But on the
27th and 28th the fall was more than recovered, middling
touching 6 13-16d. on the spot and 6 25-32d. for distant futures.
The rise, however, was beginning to check business in Man¬
chester. The trade demand, therefore, fell off. Simultaneously
a complete breakdown took place at New York,
prices there
giving way %e. for spot and ll-16c. for near deliveries between
the 28th August and 1st September. Holders here, therefore,
lost confidence, speculators became less sanguine, and prices
gave way l-16d. to Ysd. on the spot and 3-16d. to 7-32a. for
futures between the 28th August and 2d September.
The
decline led to more inquiry from buyers, especially as New
York became firmer. Between the 2d and 5th September,
therefore, a good business was done, spot prices regained the
whole of the fall just quoted, and futures recovered l-16d. to
x/s&. Since the 5th inst. the market has been very firm, with a
good business doing, and prices have gained l-16d. on the spot
and l-32d. to l-16d. for futures.
The

following are the principal fluctuations in middling on the
spot and for future delivery since the date of our last report:
Aug.
“

“
“

44
44

1878.

1877.

1876.

•

Sept. 1....
*

2....

3,490
1,848

*

3....

1,331

44

4....

44

5....

2,264
4,927
2,104

44

6....

44

7....

-

S.

S.

5,708
4,051

1,246

4,799

616

4,224

1,008

7,116
4,108

*

8....

5,454

S.

44

9....

44

10....

13,115
7,341

*

11....

5,124
4,878
4,858

44

12....

44

13....

7,636
7,069

14....
15....

S.

6,258
7,982
8,537
10,714

15,628

S.

44
44
44

12,215
12,995
14,071
14,955
17,082

16....

44

17....

44

18....

44

19....

44

20....

15,127
10,425

10,032
11,125

44

21

S.

16,933
11,302

44

22....

26,420

8.

44

23....

44

24....

23,729
21,382
19,141
19,975
22,976

17,905
18,579
13,584
13,814
23,679
18,016

...

44

25....

44

26....

44

27....

44

28....

44

29

S.

30....

31,231
30,800

TotSp. 30

333,643

Oct. 1....

20,785
21,495
35,016

44

...

44

2....

44

3....

410,939
Percentage of total
p’rfc reo'pts Oct. 3.

Tota’

408

1,918
1,691

S.

S.

4,630
2,996
3,414
3,111
3,982

754

1,701
1,655
S.

4,708
S.

3,085
1,398
3,108
1,664

8,923
4,788
7,752
6,085
7,899
7,538

2,524

2,459
S.

5,063
4,109
3,555
2,735
6,340
4,049

S.

13,925
10,417

S.

1874.

1875.

1,064

1,380
1,734
8.

2,145

3,764

S.

3,228

3,390
1,957
1,841
2,746
3,423
3,214

3,116
3,621
3,928
3,137
S.

6,209

5,327
S.

9,876

6,821

12,112
13,538

8,173
8,149

9,470

S.

10,015

5,543

20,015

10,109

13,011
14,978
14,421

17,315

S.

7,922
6,254
10,156
8,450

24,374

S.

15,094

95,272
13,941
9,741
12,179

236,868

353,267

131,133

263,203

07-94

0301

S.

30,714
15,621

0701

8.

7,119
6,512
5,417
5,404

8,845

288,848
23,599
23,263
17,537

1,682

1,407

10,364

19,662

1,265
1,075
1,615

S.

12,485
11,978
12,820

169,077
14,531
12,096
S.

195,704

5,642
5,176
3,921
3,842
6,225
6,641

04-67

04-80

received Oct. 3 in each of the years named.
for

August.—We

are

in

re¬

ceipt of Messrs. Ellison & Co.’s cotton report, dated September
9, and make the following extracts from it:
COURSE OF

2
9....

....

...

6°i6

6°i6

6^32

67i6

61

6*2

6*4

...

...

638
6%

6y32
62332
6%
6-u32

6932

62532

61ie
6'l6
6°18
6?16

6yl6

6 130

6^32

6**32"

613le

...

....

....

63±

678

—

—

Oct.

6^32
658

Nov.-

Dec.Jan.

Dee.

53l32
6332
51&16
6932
618
614

6*32
6032

'

53132
6*16
6-y32

6732
6332
6316
6

Jan.Feb.
—

tk*
6 *32

63s»

6316
6

6330

The changes in spot cotton for the month comprise an advance
of 9-16d. to$4d. in American, Y&. to %&. in Brazil, and %&. to

to
%d. in East Indian, but a decline of %d. in brown, and
%d. in white, Egyptian. “ Futures” have advanced 13-3id. for
Sept.-Oct.* %d. for Oct.-Nov., and 5-32d. to 3-16d. for the more
distant positions.
The present prices of middling American on the spot and for
December delivery, and good fair Pernam, brown Egyptian,
Broach, Dhollera and Bengal compare as follows with those of
last year:
^-American.—s
1879
1878
Advance...
Decline.....

Spot.
67a
6*2

38
—

Pernam.

Egypt.

Broach.

Dec.

618

6316
—

*16

COURSE OF THE MANCHESTER

718
7*8

8

5*8

8*2

5yi(}

5*316

5*2

—’
—

Dhollera. Beng.

1i6
*2

—

4%
5*8

126
%

MARKET, AUGUST 9 TO SEPTEMBER 9.

The low

prices current during the second week in August led
to a decidedly improved demand for all kinds of yarns and
piece goods, and a much larger business was done than appeared
S.
10,421 on the surface at the time. Stocks were considerably reduced,
and spinners and manufacturers were placed somewhat largely
6,542
under contract for forward delivery. The result was an increased
7,521
business in Liverpool and an important advance in prices both
6,682
there and in Manchester. The upward movement made further
8,946
8,495 progress (with slight interruptions) during the subsequent fort¬
night, until an advance was established upon the previous cur¬
S.
rent prices of %d. to %d. in cotton, %d. to %d. in yam, an<J 3d.
13,046
to 4^d. per piece in 8% lb. shirtings. The rise led to more cir¬
7,102
9,821 cumspection on the part of buyers, especially as, although cot¬
ton on the spot and for near delivery rose to 6%d., November
134,376 to January deliveries were offered at %d. to %d. below that
10,714 figure. During the past week the business has been on a
10,511 restricted scale, but as producers are still working upon unex¬
12,251 pired contracts, prices have remained pretty steady. Here and
there a concession has been made from the previous highest
167,852
rates; but there is no general quotable change. The stocks of

This statement shows that the receipts since Sept. 1 up to
to-night are now 57,672 bales more than they were to the same
day of the month in 1878, and 279,806 bales more than they
were'to the same day of the month in 1877.
We add to the last
table the percentages of total port receipts which had been

Ellison & Co.’s Cotton Report

“

9
11....
13
25....
26....
28....

Oct.Nov.

Sept.-

Aug.Sept.
6516

Spot.

Sept.
1879.

fVoL. XXIX.

THE' LIVERPOOL MARKET, AUGUST 9 TO SEPTEMBER 9.

yams and goods throughout the world are smaller than they
have been for a number of years past, and the present curtailed
out-turn of the mills will lead to a still further depletion.
The
foundations of a prosperous trade for the new season are there¬
fore being laid, and our millowners are naturally looking for a
distinct improvement when the present exceptional “squeeze”
for the raw material shall have passed away. To-day the tone
is firm at the highest prices of the month, but buyers are oper¬
ating very sparingly, owing to the extreme rates demanded by

producers.
MOVEMENTS DURING THE SEASON, OCTOBER 1 TO AUGUST 31.
The deliveries to English and continental consumers during
the first eleven montns of the season have been as follows,

report was dated 11th August. The market had compared with the figures for the corresponding months of last
depressed during the previous week, but there were season:
Great Britain.——n
■Continent.
signs of improvement on the 9th nit. These became more
1878-9.
1877-8.
1878-9.
1877-8.
decided on the 11th, and prices gained %d. per lb., owing to the
2,585,060
2,330,210
2,294,820
increased demand from spinners to cover orders taken m Man¬ Number of bales... 2,356,410
440
437
428
430
Av’ge weight (lbs.).,
Our last

Veen very

,—

chester.

On the 12th and 13th the demand subsided; the
was pre¬

-v

Total weight (lbs.)l,036,820,400 1,129,671,220 997,329,880 986,772,600
mature, and, with lower quotations from New York, prices lost
The rate of consumption in Great Britain during the last four
l-16d. to Ysd. on the spot and 3-32d. to 3-16d. for futures. On weeks was probably about 49,000 to 50,000 bales of 400 lbs. (or
the 14th the demand again increased, and thence to the 25th a 45,000 of 440 lbs.) per week, or a total of 79,200,000 lbs., which,
large business was done at almost continuously hardening added to the 953,700,700 lbs. consumed during the previous ten
prices. At times there were slight fluctuations in futures; but months, would give a total of 1,032,900,700 lbs. as the weight of

impression became general that the improvement




October 4,

■

cotton spun
season

week,

THE CHRONICLE

1979.]

during the first eleven months of the season. Last increase in the shipments of 1,003 bales, and the shipments since
bales of 400 lbs. per January 1 show a decrease of 110,000 bales. The movement at

the consumption was about 58,000
or a

total of 1,113,600,000 lbs.

The rate of consumption on the Continent has averaged
about 49,000 bales of 400 lbs. per week this season, against
48,000 bales last, or a total of 940,800,000 lbs., against 921,600,000 lbs.
On the basis of the foregoing calculations, the movements
have been as follows this season compared with last. The stock
on hand on 1st October is the surplus shown in our Autumn
annual:
/

Great Britain.
1878-9.
1877-8.
Lbs.
Lbs.

Surpl. st’k, Oct 1. 13,800,000
13,800,000
Dels, to Aug. 31.1,036,820,400 1,129,671,220
Supply

>,

Continent.
1878-9.
1877-8.
Lbs.

v

Lbs.

30,550,000
5,308,000
997,329,880 986,772,600

1,050,620,400 1,143,471,220 1,027,879,880 992,140,600
940,800,000 921,600,000

Cons, in 48 w’ks.1,032,900,700 1,113,600,000

Surplus, Aug.31.
In bTs of 400 lbs

17,719,700
44,000

29,871,220
'
74,000

87,079,880
217,000

70,540,600
176,000

English spinners, therefore, hold 30,000 bales less, and Conti¬
nental spinners 41,000 bales more, than at this time last year,
being a net excess of 11,000 bales, which, deducted from the
decrease of 107,000 bales in the visible supply, makes a net
deficit of 96,000 bales.
There was some reduction in the rate of consumption on the
Continent in the last two

or

three months of the

and it is just possible that the interior stocks

season

Calcutta, Madras, Tuticorin, Car war, &c., for the
has been as follows.

were

tinent.

same

week and

years

CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHR*.

Shipments this week.
Year.

Conti¬

Great
Britain.

1879
1878.
1877
1876..:.....

1,000
8,000

,

4,000

Shipments since January 1.
Great
Britain.

Total.

nent.

2,000
1,000

3,000
9,000

i',000

5,000

Conti¬
nent.

237,000
122,000
79,000
125,000

Total.

127,000
59,000
51,000
88,000

364,000
181,000
130,000
213,000

The above totals for this week show that the movement from
the ports other than Bombay is 6,000 bales less than same week
of last year.
For the whole of India, therefore, the total

shipments this week and since January 1, 1879, and for the
corresponding weeks and periods of the two previous years, are
follows.

as

EXPORTS TO EUROPE FROM ALL INDIA.

1879.

Shipments
to all Europe
from—

This
week.

Bombay

6,000
3,000

All other ports.

Total

1878.

Since
Jan. 1.

last

larger
than 176,000 bales. The difference would not be very important,
perhaps ; but for all practical purposes it may be assumed that
the “ invisible ” stock in all Europe differs very little from that
of last year, and that the deficit in the “ visible ” supply,
107,000 bales, is the real deficit for Great Britain and the Con¬
year,

363

9,000

This
week.

1877.

Since
Jan. 1.

This
week.

596,000
364,000

5,000
9,000

706,000
181,000

960,000

14,000

887,000

Since
Jan. 1.

3,000

787,000
130,000

3,000
917,000
This last statement affords a very interesting comparison of the
total movement for the week ending Oct. 2, and for the three
years up to

,

that date, at all India ports.

Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi &
Co., of

Liverpool and Alexandria, we shall hereafter receive a weekly
report of 9th July, we explained that the estimated cable of the movements of cotton at Alexandria,
Egypt. The
consumption for last season was increased, owing to the average following are the receipts and
shipments the past week, and for
weight of the bales delivered Laving been heavier than we had the corresponding weeks of the previous two years.
calculated upon. As the present season’s estimated consump¬
tion had been arrived at from month to month, partly by com¬
Alexandria, Egypt,
1879.
1878.
1877.
Oct. 2.
parison with the movements each preceding month back to last
season, the alteration in last year’s figures necessitated some
alteration in this year’s. Accordingly, about 1,000 bales per Receipts (cantars*)—
This week
55,000
20,000
28,000
week, were added to the estimated consumption between the
Since Sept. It—
85,000
39,000
100,000
^nd of September and the end of MayJ The whole of this
This
Since
This
Since
This
addition appears in the figures published :on 9tli July. Hence
Since
week Sept. 1. week Sept. 1. week Sept. 1.
(in part) the large reduction in the surplus stocks held by
spinners between the end of May and the close of June, as Exports (bales)—
To Liverpool
given in our reports of 10th June and 9th July. We give this
\
2,710
5,606 1,000 10,000 2,000
7,500
explanation in reply to inquiries.]
To Continent
166
438
3,000 1,000
1,800

[In

our

■>

prospects.

,

So far as the immediate future is concerned, the
the market is one of great strength. The stock in

position of
Liverpool

Friday last was only 378,000 bales, or 140,000 less than twelve
months previously, the deficit in American alone be 154,000

on

bales. There is a little more American afloat than at this time
last year, but there is considerably less East Indian. In all like¬
lihood the import between now and the middle of November
will be less than in the corresponding period of last
year, when
it amounted to 340,000 bales, including 200,000 American. It is

Total

2,876

Europe

6,044 1,000

13,000 3,000

9,300

*

A cantar is 98 lbs.
t There was an error in our figures of last week. The receipts should
have been 23,500, and the exports 1,246 to Liverpool and 272 to the
Continent. We have corrected our totals accordingly.

This statement shows that the receipts the past week have
been 55,000 cantars, and the shipments to all Europe 2,876 bales.
We have this week received by mail the Alexandria crop
statement of Messrs Davies, Benachi & Co. for the year

ending
absolutely certain, therefore, that the present rate of consump¬ September 1. It is as follows. It will be noticed that the totals
tion (reduced as it is to 45,000 bales per week) must be further agree precisely with the figures received by us by cable and
curtailed during the coming eight or ten weeks. At the given just a month ago.
moment there are no signs of any measures being taken to
For year ending Sept. 1—
bring about this necessary equilibrium between supply and con¬
1879.
1878.
sumption, and the only question is—What price will compel a
Receipts (cantars)
resort to extended “ short time?”

1,667,500

Touching the more remote future, present indications point
good supply of the raw material and an extended
demand for yarns and goods. The American crop
promises to

to both a

reach about the

same

India and

as

the last one, and it is

expected that

Exports (bales)—To Liverpool

2,593,670

173.817

To France and

Spain

240,101
106,739

253,942

408,132

Other, Continent
Total exports (bales)

.

37,436
42,689

61,292

Egypt will jointly export about 400,000 bales more
Manchester Market.—Our market report received from
than last season. This increased prospective
supply, however, Manchester to-day (Oct. 3) states that the market is one-sixteenth
is fully counterbalanced by the reduction which has taken
place in the stocks of cotton and cotton goods throughout the higher, but the advance is reluctantly paid, and little business is
doing. We leave previous weeks’ prices for comparison.
world, which are at present smaller than for
many years past.
This fact, and the restricted business which will be enforced
by
small supplies during the coming two months, will lead to a

greatly increased demand for yarns and goods simultaneously
with the free import of the new crop, and prevent tie
repetition
of anything approaching the low prices touched last winter.
So soon as the present “ squeeze” is over, we look for a sounder
business, steadier prices, and less violent fluctuations than have
been witnessed during the past season.
India Cotton Movement from all Ports.—The
figures
which are now collected for us, and forwarded by cable each
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
complete India movement for each week. We first give the
Bombay statement for the week and year, bringing the figures

down to October 2.

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.

Shipments this week

Shipments since Jan. 1.

Year Great Conti¬
Great
Brit’n. nent. Total. Britain.
1879
1878
1877
1876

6,000 6,000
4,000 5,000
3,000 3,000
3,000 11,000 14,000

1,000

Conti¬
nent.

Total.

249,000 347,000
310.000 396,000

596,000
706,000

376,000 411,000

787,000
924,000

551,000 373,000

Receipts.
This
Week.
7,000

5,000
2,000

Since
Jan. 1.

799,000
863,000

998,000

7,000 1.010,000

1879.
32s

d.
a

tt
a
a

Sept.
U

€i
<«

Oct.

8%
8%
15 834
22 8%
1
8

29

5
12
19
26
3

d.

Cott’n
Mid.

8*4 lbs.

Cop.

Twist.

Aug.

1878.

Shirtings.
s.

d.

8.

<a>9% 6 1 *2@7
@9*4 6 1*2 3>7
@9*4 6 1*2@7
@938 6 1*23)7
@9*2 6 3 @7
@9*2 6 3 @7
@9*2 6 3 @7
@9*2 6 3 @7
@9*2 6 3 @7

87s
8?fl
878
87fl
87S
815ib@7ib 6

3

@7

Uphls

d.

d.

4*2
4*2
4*2
4*2

6^16

6
6
6
6
6
6

65, B
63s

69ib
61316
6*31fi
6*316
6^8
65s
65s

32s Cop.

8*4 lbs.

Twist.

Shirtings.

d.
d. s.
9 v@95s 6
878@9*2 6
878/S)9*2 6
878^9*2 6
834:3)938 6
8%@93s 6
8 *2® 9 *4 5
S*2'®9*8 5
5
«3s@9
5
83s'3)9

d.

s.

4*2'S>8
4*2@8
3 @8
1*2®8
1*2@8
1*2@8
9
9
9
9

Cott*n.
Mid.

Uplda

d.

d.

4*2
.4*2

60s

3

1*2
0
0
9
9

'3)7
@7
@7

7*2

@7

7*2

69j«

6il,a
6Hia
6*9

67ia
6?, *

Gunny Bags, Bagging,
since our last and but little

&c.—Bagging has been rather quiet
change is to be noted. Prices con¬
tinue steady, with - holders now quoting 8|@9c. for 1£ lbs., 9fc.
for 2 lbs., and 10^c. for standard qualities.
Butts have ruled
very firm, with an increased activity.
There have been sales of
4,000 bales to arrive at Boston, at a private price, and 1,500
bales on spot at 2 9-16@2 ll-16c.
There have been no arrivals
since our last, and the loss of the ship Philosopher, from Cal¬
Boston, with 4,000 bales, is reported. The close is very
strong, holders asking 2 9-16@2fc., the higher figure for prim©
spinning grades.
cutta to

According to the foregoing, Bombay appears to show an increase
The Exports of Cotton from New York this week show an
compared with last year in the week’s receipts of 2,000 bales and an increase, as compared with last week, the total reaching 25 740




364

THE

CHRONICLE.

bales, against 12,093 bales last week. Below we give
our usual
shewing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1879, and in the last column the total
for the same period of the previous
year.

Liverpool.—By cable from Liverpool,

table

Exports

Week

Exported to—
Liverpool.
Total

Sept.

Sept.

Oct.

10.

17.

24.

1.

4,814

Havre
Other French ports

130

Total French

130

350, 1,000

9,413 11,666 21,248

51,623

21,611

4,274

387

916

407

916

Bremen and Hanover

North. Europe

2,510

24,611

2,510

4,274

20

600

620

i‘,382

1,382

Spot.

2,002

Market
12:30 r

Firm.

Mid. Upl’ds
Mid. Orl’ns.

0ni6
613i6

20

1,982

38

305

305

All other

Spain, &c.

Grand

The Following

N. Orl’ans

Texas....
Savannah
Mobile
Florida...
S.Carolina
N.Car’lina

Receipts

are the

of

57,899

25,303

Cotton at New

York,

47,000

4,000

27,000
6,000
1,000

341,000

48,000
2,000
37,000
4,000
2,000
246,000

321,000

287,000

233,000

205,000

187,000
17,000
9,000

86,000
32,000
20,000
3,000

600

118,000

4,000
115,000

26,000

96,000
159,000
17,000
11,000
8,000
119,000

32.000

42.000

11,000
4.000

6,000

Advanc¬

ing

Flat
and

Easier.

tendency.

New York.

Boston.

This

Since

This

week.

Sept. 1.

week.

12,401
23,866
26,891

1,398

4,969
8,567
7,673

Philadelphia.

| Since

This

Since

Sept. 1.

week.

Sept.l.

2,367

846

1,834

116

657

6,752
3,272

15,778

Virginia.. 16,238
168
Nortli.p’ts
Tenm, &c. 7,140

27,562
1,502
9,278

5,272
692

”993

2,687
1,580

5,380
4,144

1,000

31,000
3,000
3,000

118,000

6l3ie

61°ie

613i6
61516

10,000
2,000

8,000
1,000

irregular.
65q

Easier.

Friday.
Very flat,

65g

6k»

0l3i6

01316

6Hi6

This
week.

| Since

8,000
1,000

8,000
1,000

1,394

2,809

463

399
485

2,106

2,585

6,357j 12,S84j 1,515

2,960

3,963

6,278

Last year. 33.528 105,762

5,769

14.143! 1.277

5,564

649

8.332

Shipping News.—The exports of cotton from the United
States the past week, as per latest mail
returns, have reached
32,669 bales. So far as the Southern ports are concerned, these
are the same
exports reported by telegraph, and published in
The Chronicle, last Friday.
YVith regard to New York, we
include the manifests of all vessels cleared
up

Wednesday

to

Total bales.

New York—To Liverpool,

per steamers

Abyssinia, 2,765
Arizona, 3,320
Celtic, 858
England, 1,972
Macgregor,
350
Adirondack, 3,628
City of Brussels,
1,668
Mary Tatham, 2,240
Olbers, 2,851
per ship

6,000

1,000

Quiet

i

and

P. M.

Weak.

Steady.

steady.

Firmer.

Flat.
weaker.

The actual sales of futures at
Liverpool, for the same week, are given
below. These sales are on the basis of
Uplands, Low Middling clause,
unless otherwise stated.
Saturday.

Sept. 1.

This year. 54,895 123,432

night of this week.

1,000

5

1,126

225

7.000

Spec. & exp.
Futures.

Baltimore.

669

..

Sales

Market,

Sept

...

Foreign

39,000

Oct. 3.

5 P. M.

10,329 12,093 25,740

Boston, Philadelphia and Baltimore for the past week, and since
September 1, 1879:
from—

48,000
4,000
34,000
6,000

Sept. 26.

Market,

14,944

TOTAL

Receipts

Sept. 19.

Saturday Monday. Tuesday. Wedn’sdy Thursd’y

■4

S]
Spain,
Op’rto, Gibralt’r, &c
Total

have the following

51.000
The tone of the Liverpool market for
spots and futures each dav of
the week ending Oct 3, and the daily
closing prices of spot cotton,
have been as follows:

407.

Other ports
to

....

year.

50,273
1,350

Hamburg
Total

Total to period
date. previ’us

9,413 11,316 20,248

|

Great Britain

to

Sept. 12.
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock actual
Estimated
Of which American actual
Estimated
Total import of the week..
Of which American:
Actual export
Amount afloat
Of which American

Same

Sept.
4,814

Other British ports

ending—

we

statement of the week’s sales, stocks, &c., at that
port :

Cotton (bales) from New York since Sept. 1. 1879.

of

[VOL. XXIX.

Delivery.

d.
62132® Hi 6
®2332®%

Sept.-Oct.638®133o®7l6

Delivery.
d.
6I32® ii6
Nov.-Dee
-'.5io16
Oct.-Nov

Sept

Delivery.

d.

.62332
5io16

Feb.-Mar

Monday.
T)pIivpvu

Delivery.
Delivery.
Sept.. 634®2530'a)13lr)
Nov.-Dee
53I32 Sept.... 62632/® ^t'g)2332
®
.32® i316 Feb.-Mar
53i32 Sept.-Oct
67ie
Sept.-Oct. 6?16®i 032 ® *2 Sept.-Oct
6i532 Oct.-Nov
61i6
Oct.-Nov.
61i6®332 Mar.-Apr
6®53i32 Nov.-Dee
6i5ie
Tuesday.

Sept

Deliver)/.

6%®2332
® Hl6®2l32

Delivery..

Nov.-Dee

51516

Oct.-Nov
Nov.-Dee
Dec.-Jan

Sept.-Oct... 61532®716
/@1332
Oct.-Nov
6116 ® 132 Sept.-Oct

6

578
57s

638'®ii32

Delivery.

Sept.-Oct

6^16
53i32
52732

Oct.-Nov

Nov.-Dec
Jan.-Feb

578

Mar.-Apr

52932

Delivery.
Mar.-April

57s

Oct.-Nov

6232
5io16

Wednesday.

Delivery.

Oct
Oct.-Nov

6^32 ®J4
515it®2y32

Nov.-Dee.. .52732®is16

Delivery.

Dec.-Jan
Jan.-Feb
Feb.-Mar

52532
5i316
5i316

Oct

Thursday.

Delivery.

Glenesk, 596
20,248
Hull, per steamer Lepanto, 500
500
Glasgow, per steamer Mikado, 500
500
Havre, per steamers Freja, 700
Amerique, 318
Ganges, 1,492
2,510
To Bremen, per steamer Rhein, 600
600
To Antwerp, per steamer
Henry Edye, 1,382
1,382
New Orleans—To Liverpool, per steamers
Iihuriel, 2,350
Warrior, 1,806
4,156
Wilmington—To Continent, per
142
142
Baltimore—To Liverpool, per steamers Caspian, 97 and 47
bags
Espanol, 1,255
1,399
Boston—To Liverpool, per steamers Batavia, 140
Brazilian,
132
Illyrian, 860
Minnesota, 100
1,232
To
To
To

Oct
.....6113o'®6],(3
Oct.-Nov
53132 ® 1°I6
Dec.-Jau
5is16
•

Mar.-Apr

Delivery.

Nov.-Dec
Jan.-Feb
Feb.-Mar

57s

5i316
5i3lc
52732

Delivery.

Oct.-Nov
Feb.-Mar

Mar.-Apr

.52932
5i316
--52732

..

Friday.

Delivery.

Oct
Oct.-Nov
Nov.-Dee

Delivery.
’5 34 ® 2532

6^32

Dec.-Jan

578

May-June

52032

Apr.-May

6332"

Shipment.
Nov-Dec., n. crop,
sail

57e

52532

,

BREADSTUPP8.

-

.-

Total

32,669

The particulars of these shipments,
arranged in our usual form,
are as follows:
New York
New Orleans

Liver¬

Glas-

pool.
20,248
4,156

Hull. gow. Havre,
500
500 2,510

Bre-

Ant-

25,740

Wilmington

4,156

142

Baltimore
Boston...

142

1,399
1,232

Total

27,035

Below

Total

nent.

600 1,382

1,399
1,232
500

500 2,510

600 1,382

142

give all news received to date of disasters
carrying cnt.ton from United States ports, etc.
we

Caspian, steamer (Br.), Trocks, which

to

32,669
vessels

to have sailed from Balti¬
more, Sept. 24, for Liverpool, having sustained an accident to her
machinery, did not sail until the 26tli.
Natchez, steamer (new), from Cincinnati, caught fire on Sept. 29, just
before reaching her landing at the foot of Canal
street, New
Orleans. Five hundred bales cotton and 400 sacks cotton seed
were

Cotton

a loss of $27,000.
past week have been as follows:

Satur.

Liverpool, steam d. oie®^
do

sail

sail

c.

sail
sail
s«i]

...c.

..

Baltic, steam
do

sail

Compressed.




Thurs.

Fri.

510®38

316 ©%

716

716

716

J4
34*

34
34*

*4
34*

c.

®8* ....®58+

®

....®

....©
....

..

.©hi

....

©

Ss*

...®

..

5bw

h2

12® ®8
rt

-.

....

® *2
®

58*

...® *2

.

12®

JQ® 34* 111(>®34* 1116®

716

716

34*

34*
....®12

-.®

716
34*
...©^

...'©Hie ...®Dl <j ...®rtiG ...©lllb --.®Hl 6

c.

d. ,..'@1332
d.

V

©

c.

Amst d’m, steam
do

Wednes.

Nomin’l Nomin’l Nomin’l

.c.

Hamburg, steam. c.
do

Tiies.

....®

c.

Bremen, steam,
do

Mon.

d. Nomin’l Noinin’l Nomin’l

Havre, steam
do

was

destroyed, causing

freights the

...©
.

..®1332

...@
..

.

■©1332

...®

...'©
.

..@1332
'a)

.

..

.'a)

'@1332

...@

...®
—

tinued to show

upward tendency in the past week. Buyers
stoutly resisted the advanced pretensions of holders, and
yet in, the end have been obliged to meet them. Still, the
advance in prices has not been large, and is restricted
mostly to
nhe grades between $5 and $5 75.
Rye flour has also been
firmer, and corn meal in good demand. To-day the market was
very strong for flour, with sales of large lines of common extras
an

Yave

Conti¬

men. werp.

Friday, P. M., Oct. 3,1879.

Without any urgency of demand, or sales of
large lines, the
course of prices for the most active
grades of flour have con¬

'®133 2

in

our

range.

The wheat market has shown less

activity in the dealings of
shippers and millers, while speculative circles have been quite
everish, with frequent fluctuations. Yesterday, the close was
strong at $1 21 /£@1 22 for No. 2 spring on the spot and for
October; No. 2 red winter, $1 28@1 28%, spot and October;
$1 29%@1 30 for November, and $1 31 for December, and No. 1
white, $1 29 for October and $1 30 for November. The busi¬
ness yesterday showed some revival of
regular demand, and a
arge portion of the deliveries on contracts are going forward,
causing an important demand and higher rates for freight
room.
To-day, the market was stronger and No. 2 mixed
advanced to $1 30. After ’Change, there was renewed buoy¬
ancy, with sales of 264,000 bush. No. 2 red winter at $1 30%@
1 31 Yz for October, and $1 31(8)1 32%
for November, and
1
114,000 bush. No. white at $1 30%@l 31% spot, October and
November deliveries.
Indian corn has been variable and unsettled all the week.
The regular trade is quite moderate, and speculators for a rise

October 4,

THE CHRONICLE

1879.]

Lave been inclined to realize

profits. There was a decline of
by some recovery, and yesterday
current prices for this grade were 53/£@53%c. on the spot,
54/£c. for November, and 55c. for December. Receipts are fair
for the season at all ports, and the prospects are that the new
crop will be in condition for market at an unusually early stage
of the season. To-day No. 2 mixed advanced to 54^c. on the
spot, and 55%>c. for J^pvember.
Rye has been without transactions of importance, and prices
are about as last
quoted. To-day a boat-load of No. 2 Western
No. 2 mixed to 52c,, followed

sold at 77/£c.

Barley is quiet; trade opens quite sluggishly for the season.
buyers and sellers are wide apart. On Wednes¬
day a boat load of prime ungraded Canada sold at $1.
The views of

Oats have

materially declined; choice qualities, being scarce,
supported than common and medium grades. To¬
day the market was firmer with No. 2 graded quoted at 37c.
are

better

Iu Store at—
Milwaukee
Duiuih
Toledo....;
Detroit

following

are

closing quotations

State

$3 85®

4 60

and

Western
Extra State, &c
Western spring wheat
extras
do XX and XXX...
Western winter ship-

4 90®
5 40®

5 30
5 50

bush.

687,649
337,250
892,000
493,218
150,000

Philadelphia

104,300
260,598
1,374,806
541,975
1,724,539

Baltimore

Rail shipments...
Lake shipments..
On Canal (est.)

Total

71,000
3,156

2,000
160,910
112,201

Barley,
bush.

291,166

*

g

Rive,
bush.

36,215

86

35,000
21,748
1,414
44,943
10,676

75,000
52,260

3,286

37,020

840
342-

35,000
189,446

1,500

101,040
47,800

106,889
124,850
42,923

3,740

5,411

310,888
164,878
15,000

222,566
11,047
12,000

109.481

31,521.
283,137
346,065
1.610,487
2,344,000,

2,541,000
17,180,443
17,366,050
17,927,979
17,045,773
15,748,775
12,478,859

20, ’79
13, ’79
6,’79
30, ’79
28, ’78

-

700

6,932

Indianapolis
Kansas City.

Sept.
Sept.
Sept.
Aug.
Sept.

16/699

811,612

Peoria

10,524

159,000
4,905
300.000
303,507
123,143

265,491
103,660
70,238

..

Oats,
bush.

29,998

1,072,492

THE

9,400-

21,767
222,000

11,3 12,110 2,277,139 1,011,936
318.211
11,942,589 2,213,370
730,375
905,656
825.156
12,040,692 2,461,982
950,771
13,003,518 2,704,134
501,209
937,191
13,164,508 2,492,897
355,222
761,262
11,134,092 4,248,525 3,083,073 1,552,940

£>RY GOODS TRADE.
Friday, P. M., Oct. 3, 1879.

GRAIN.

39 bbl.

Superfine

Coni,

bush.

:

FLOUR.

No. 2

Wheat,

Oswego
St. Louis
Boston
Toronto
Montreal (15th)

for mixed and 38}2C. for white.

The

365

There

Wheat—
"

No. 3 spring, 39 bu.$l
No. 2 spring
1
Amber winter...
1
Red winter, No. 2 1
White
1
No. 1 white
Corn —West, mixed
Western No. 2...
Western Yellow..

17
22
22
29
23

was

during the past week a continued lull in the
goods and calicoes at first hands, but in

® 1 18
® 1 23
® 1 29

demand for cotton

®1 30
®1 31
®1 3u

for the time of year.

nearly all other seasonable fabrics there was a fair movement
Clothing manufacturers continued to5 35® 5 60
5 75® 6 50
place liberal orders for spring-weight cassimeres, cheviots and
53 ® 54*2
worsted coatings, flannels were in good request, and there was
5 40® 5 80
54 ® 5412
ping extras
do XX andXXX...
5 85® 6 50
54 ® 55
a steady demand for worsted dress
goods, underwear, hosiery,,
Minnesota patents... 6 00® 7 75
Western White...
55
®
60
notions,'&c. Prices of cotton goods and prints had a softening
76 ®
City shipping extras. 5 40® 6 25 Rye—West’n, No.2.
78
State and Canada
®
Southern, bakers’ and
79
80
tendency, but woolen goods are firmly held, as are leading
6 00® 6 75 Oats—Mixed
35
®
family brands
3712
Soutk’n ship’g extras. 5 50® 5 90
White
37 ®
The jobbing trade has shown
4012 makes of worsted dress fabrics.
Rye flour, superfine.. 4 20® 4 50 Barley—Canada W.
90 ®1 00
a fair degree of activity, but there was some
Corn meal—
80 ®
90
State, 4-rowed...
irregularity in the2 28® 2 60
Western, &3
70 ®
80
State, 2-rowed...
demand,
and
goods
were
department
taken
with
more freedom
2 90® 3 00 Peas—Cau’da,b.& f.
Branlywine, <fce
70 ® 85
than staple cotton goods and prints.
Receipts of flour and grain at Western lake and river ports
Cotton Goods.—The exports of cotton goods from this port
for the week ending Sept. 27:
during the week ending September 30 were 1,538 packages,
Flour,
Wheat,
Corn,
Oats, Barley.
Rye,
bbls.
bush.
bush.
bush.
busli.
bush.
including 8S8 to Great Britain, 153 to Hayti, 157 to British West
At(196 lbs.) '60 lbs.)
(56 lbs.)
(32 lbs.) (48 lbs. 1[56 lbs.)
Indies, 77 to Argentine Republic, 39 to Venezuela, 36 to Brazil,.
Chicago
54,314 1,273,917 1,306.908
370,777 281,597 75,913
Milwaukee....
45.657
632,904
31,100 249,672 22,476 24 to Denmark, &c.
21,570
The general demand for domestics at first
Toledo
791,956
124,188
45,902
6,042
hands
was
Detroit
515,536
10,826 12,354
725
unusually light, and though agents were prepared
1,412
Cleveland
2,570
54,550
61,100
27,306
2,256 to make
price
concessions on not a few fabrics, in order to
St. Louis
45,008 442,269
55,315
126,600 79,667
9,711
Peoria
641
7,250
136,580
82,400 30,500 29,000 stimulate sales, operations were of a strictly hand-to-mouth
Duluth*
.

..

.

..

..

character.

Total
157,849 3,718,382 1,707,073
Previous week. 133,157 3,488,814 1,813,728
Same time ’78.. 125,878 2,347.604 1,665,323
..

*

....

694,911 653,790 146,123
614,741 486,966 169,164

696,579 477,966 130,303

Not reported.

Comparative shipments of flour and grain from the
ports from Jan. 1 to Sept. 27, inclusive, for four years:
Flour
Wheat

same

1879.

1878.

1877.

bbls.

5,147,918

4,190,077

3,306,735

3,146,319

hush.

57,821,315

50,120,393
65,284,029
16,743,972
2,569,464
2,851,487

24,480,273
55,803,787
13,311,898
2,937,061
1,904,723

34,928,428
58,430,494
16,157,767
1,710,791
1,381,162

Corn
Oats

66,854,158

1876

Brown cottons

were

in liberal demand for export,

but transactions with home

buyers were very light. Bleached
quiet, and many of the most popular medium
grades, including Lonsdale, Fruit of the Loom, Masonville, &c.,
were reduced from /£c. to %c.
per yard without materially in¬
creasing their sale. Cotton flannels were fairly active, and prices
remain firm because of the light supply. For colored cottons
there was only a moderate inquiry, and cottonades were quiet.
cottons ruled

Print cloths

were

in fair demand at 3/£c. cash for extra 64x64’s,

(with few sellers at that price), and 3%c. cash for 56x60s, spots
Prints were noticeably quiet in first hands, and
prices had a downward tendency, as was the case with cotton
Total grain
147,025,929 132,569,345
98,437,242 112,608,042 dress goods. Ginghams were in fair
request, and large sales
Receipts of flour and grain at seaboard ports for the week were made of Amoskeag dress styles at the, reduced price of 9c.
ended Sept. 27:
Domestic Woolen Goods.—Business in this department was
Flour,
Wheat,
Corn,
Oats,
Barley, Rye,
At—
bbls.
fairly satisfactory in amount, and prices were steadily main¬
bush.
bush.
bush.
bush.
bush.
New York
113,151 2,192,103
910,532 243,480
2,200 184,302 tained.
Agents continued to receive a good many duplicate
Boston
71,179
204,862
121,772 101,266
5,000
orders for heavy woolens from clothiers and jobbers, and
Portland
3,500
5,600
1,500
Montreal
20,221
554,460
65,633 27,971
1,298
liberal orders for light-weight cassimeres, cheviots and worsted
Philadelphia
17,240 477,050
160,800 60,950
2,500
1,500
Baltimore..
19,281 1,558,300
90,900 30,000
1,000 coatings were placed by clothiers—for future delivery.
The
New Orleans
10,056
151,129
11,440 14,043
demand fo.r overcoatings was mainly restricted to small parcels
Total week
254,628 5,137,904 1,366,677 479,210 10,998 186,802
of fancy-backed fabrics, and cloakings were somewhat less
Previous week... 255,994 4,493,993 1,898,980 344,010 29,877 190,094
Cor. week ’78.... 247,454 3,141,807 1,336,728 754,778 160,153 216,498
active than of late. For repellents there was a good inquiry
Cor. week ’77.... 223.511 2,051,780 1,883.222 723,169 142,206 92,102
and the supply of fancies as well as staple makes continues
Exports from United States seaboard ports and from Montreal,
for week ending Sept. 27:
very light. Kentucky jeans ruled quiet, aside from a few of
the leading makes, in which there was a fair movement on
Flour,
Wheat,
Corn,
Rye,
Oats,
Peas,
From—
bbls.
bush.
bush.
bush.
bush.
bush.
account of previous orders.
Satinets were sought for in fair
New York
83,447 2,307,946
689,375
15,440 212,639 11,058
Boston
23,656
156,727
72,211 10,004
quantities by the clothing trade, and prices remained firm.
Portland
Flannels and blankets continued in good demand for the
Montreal
15,825
308,065
117,850
680
1,405
435
752,968
Philadelphia..
103,312
1,403
renewal of jobbers’ assortments, and stocks have rarely been so
Baltimore
6,026 1,392,068
204,947
well in hand at this stage of the season ; hence, prices are not
Total for w’k 129,389 4,967,774 1,187,695 16,124 214,092 12,463
only steady but strong. Worsted dress goods were in steady
Previous week. 155,368 5,382,810 1.323,586
8,196 170,516
3,696
Two weeks ago 163,403 5,678,682 2,041,393 95,913 110,036
1,710 request, and shawls and skirts met with moderate sales.
Same time’78. 88,170 3,253,309
903,244 168,804 193,679 64,257
Foreign Dry Goods.—There was only a moderate demand for
The visible
comprising
the
supply
of
grain,
stocks
in
granary imported fabrics at first hands, but a good business was reported
at the principal points of accumulation at lake and seaboard
jobbers. Blacfc and colored cashmeres were fairly active
ports, and in transit by lake, rail and canal, Sept. 27, was as by
and firm, and fancy dress goods continued in steady request.
follows:
Medium and fine black silks met with considerable sales, but
Wheat,
Corn,
Oats,
Barley,
Rje,
low grades were sluggish. Fancy, brocaded and striped silks,
In Store at—
bush.
bush.
bush.
bush.
bush.
New York
2,235,558 1,755,062
531,701
31,202
21,306 and choice shades of plain colored silks, were sought for in fair
Do. afloat (est.)
475,000
165,000
quantities, but velvets were less active. For linen goods, em¬
Albany
8,000
39,000
83,000
57,000
10,000
broideries and laces there was a light demand at first hands,
Buffalo
515,118
861,259
78,662
43,597
1,970
Chicago....
2-509 007 2,596,036 491,422 311,092
men’s-wear woolens were- slow of sale.
and
91,507
17,020,0:Jl
2,741,367
3,189,058

Barley
Rye

....

.

•




and futures.

THE CHRONICLE.

366
IRU1N--

ti£N£AAL

Pig,American,No. 1
Pig, American,No.2
Pig, American, Forge
Plg.Scotcn..

PRICES CURRENT

V ton. 29 00
28 IK)
27 00

...Vft.

4

©

3 30

©
©

<

UO

22 00

Philadelphia
Cement—Rosendaie
V bbl.
Lime— Rockland common....V bbl.
Rockland, finishing

Lumber-Plne.g’dto ex.dryV M It. 40 00

Pine, shlopiag, box

6 00
9 50

© 26 00

9J
70

90

©
©

....

....

18 90 © 22 00
SO

©

© 43 00

© 45 00
©15u 00

25
16

©
©

VM. ft. 20 00 © 45 00

Maple

Bails—10©60d.ccm.fen.& ah.** keg
Clinch, 1% to 3in. & longer

3 25

©

4 75

©

3d fine

Cut6pikesfallsizes
faints—Ld.,In oU. com pilce. V tt.
Lead, dry, combination, pries....
£lnc, oxide, dry—
Elnc,French, green seal
Paris white. Knfc.Cllffi one V luO. ft.
BUTTER— (Wholesale Prices)—
State, palls & tubs, fair to chce.V ft.
West’n creamery eood to prime “
Welsh, State, fair to choice.. . “
Western dairy,fair to choice..
CheeseState factory, fair to prime
Ohio flat,fair to fine.
Coal—
Liverpool gar cannel

5 75
5 50
3 50

©
©
©

7

,

....

©

....

3

©

8%

9

©

9*

1 2J

©

15

©

21,

14

©
©
©

21
19
18

20

“

10

140

delivery:

Vtt
“

2«*d
3 ©

1PK
It)*

.

66

46

Barbadoes
Demerara
Porto Rico
do
50 test
N. O., com. to choice

44
44

4*
44

(AVAL STORK8-

Tar, Washington
Tar, Wilmington

•

Pitch, city

“

Bpirlts turpentine

St’mb... $2
Grate..., 2
Ktfg
2
Stove.... 2
C/b’nut... 2
....

0
29
25
SO
35

D.&U.

AuctLn.
Aug. 13.
Weehawkea.

Hoboken.
•

•

$

•

fl 97)4-62
2 U7H@ ’
2 aj)«©2
2 V.H&i

5 L. * w.
Schedule.
Port
Johnst’n.

$<1 10

-

2 CO
2 12),
2 32)i

00
UX
87)4

2 10
2 5J
2 79
2 59

20
delivery at New York.
§ L. & W. quotations are for Wilkesbarre coal.
COFFEEVft
Rio, ord. car
12*©
do fair,
do
“
....©
do good,
do
“
...a
do prime,
do
“
..©
Java, mats
“
24 ©
Native Ceylon
“
14 ©
50 cents additional lor

V gal

6#
44
44

44

OIL C4KE44

PETROLKUMCmde, In shipping order.

V gal.
44

V bbl.

“
“
“
“
"

Pork,prime mess, West
Beei, p ain mess
Beef, extra mess
Beef hams,Western
Bacon, long clear
Ham:, smoked
Lard. City steam

"

refining....? lb.

Fair
Good refining
Porto i.ico. refln , fair to prime
Boxes clayed; Nos. 10@12

“

14

©

Centrifugal, Nos. 7@L3......

"
“

12
14

©
©

Melado

**

Manila, sup. and ex. sup

“

Ef-fined—Hard, crushed
Hard, powdered
do granulated

“
“
“
“
“

“
“

Laguayra
St. Domingo

Batavia. Nos 19@12
Brazil, Nos. 9@ll

13 ©
10)$ a

“
*

Savanllla
Costa Rica

12
14

©
©

COPPER—

Bolts............. ..... ....... V
Sheathing, new (over 12 oz;

.

Braziers'(over 16 oz.)
American ingot. Lake

COTTON—See special report.
FISH—
Gr’d BkiA George’s (new) cod.V atl.

Mackerel,No.l.vL shore
pr.bbl
Mackerel, No. 1, Bay...
Mackerel,No.2 Mass, shore
Mackerel, No. 2, Bay
FRUIT—
Raisins ,Seeaiess, per Wlb.frall,
Layers, new.
Loose, Lew

do

a...©
©
©
18% j

6 75

do

Figs,

new

Canton Ginger
Sardine?, V naif l ox
Sardinea, V quarter box
Macaroni, Italian
Domestic Dried-

^

case.

do

do

BlackberrieA(new)

Raspberries (new;
Cherries, pitted, ary mixed (new)..
Plums, Sr,nte
do
Damsons (new)
Who-tleherrieB (new;
HEMP AND JUl'KAmerlcan dresBed

9

©

29

19
None here,
ll ©
12

11M©

**
"

do....
do....
do....
do....

*•
"
**

do

“

..

21
21
21
20
21
21
18
10

23

n

©

©
©

22)4©

2')4©

Texas, crop

82

©
©

©
©

©

HOME
Insurance

S

....

-

.

OF

OFFICE, 119

....

s

87

22

^

28

©

24

©
©
©

15

....? tee.
« bM,

d.

83
35 0

SHOWING THE

CASH CAPITAL
Reserve for Re-insurance..'
Reserve for Unpaid Losses
Net Surplus

•-

d.
7-14

*.

d.

10

18

22)4

13)4
10)4
9
10
11
13
10
9

S.

ASS UTS

Cash in Banks
f92,422 67
Bonds and mortgages, being first lien on
real estate (worth $4,167,609)
1,926,236 64
United States stocks (market value).... 8,219,500 00
Bank stocks (market value)
'....
189,575 00
State and municipal b’ds (market value)
235,778 00
Loans on stocks, payable on demand

y*

(market value of securities $216,367)..

...

Interest due on 1st July, 1879
Balance in hands of agents
Real estate
Premiums due and uncollected
cies issued at this office

|UTNITEO STATES CIRCUIT COURT,
NEW

YORK.—In
Equity.—Between JOHN G. STEVENS and others,
complainants, and the NEW YORK & OSWEGO
MIDLAND RAILROAD COMPANY and others,
defendants.

poli¬

00
25
68
26

8,734 24

$6,128,021 74

Total

CHAS. J.
J

on

141,170
55,178
163,505
95,921

•

MARTIN, President*

H. WASHBURN, Secretary*

A Dividend of FIVE PER CENT has been de¬

clared, payable on demand.

The sale under the decree made in the above-enti¬
tled suit,which has been advertised in this paper once
a week for the fifteen weeks last past, is hereby ad¬

TT X-l x:

journed to September 26, 1879; the sale to take
place at the Wickham Avenue Depot of the New

UTUAL LIFE

York & Oswego Midland Railroad Company, in Mid¬
dletown, in the County of Orange and State of New

York.
For terms and conditions of sale, reference is
made to the advertisement referred to, or can be
obtained by calling upon the Master, at his office,
No. 140 Nassau street (Morse Building), in the City

Of New York.
KENNETH G. WHITE,
Dated June 28,1879.
Master.
Alexander & Green.

Complainants’ Solicitors,
No. 120 Broadway
New York City.

INSURANCE COMJ
i

OF NEW YORK,

APPBOvId°DESCRIPTIONOF
UFE AND ENDOWMENT P01IC1K
ISSUES EVERV

84
83

Alexander & Green,

place, r..,,
KENNETH G. WHITE,
H
Sept. 26, ISTB.
Mastefrc.
- r 1

Complainants’ Solicitors,
129

1

,]

The sale advertised above Is further* adjourned
to the 31st day of October, 1879. at 12 M., to- be held
at same
Dated

.

<•

25
24
24
29

81

OF

Held in the United States, available for the PAY¬
MENT of LOSSES by FIRE and for the protec¬
tion of Policy-Holders of FIRE INSURANCE:

@

SOUTHERN DISTRICT OF

OO

1,728,217 00
220,210 26
1,179,594 48

$6,128,021 74

SUMMARY

@40
@47 6

....©

$3,000,000

Total Assets

25 ©
26 ©
25 ©
28 ©
13 ©
s.

BROADWAY.

CONDITION OF THE COMPANY ON THE FIRST
DAY OF JULY, 1879.

r-BTBAM.8.

Company.
YORK,

Fifty-Second Semi-annual Statement

©

©
@

NEW

..

•

si >4

....©

Oak,rough

•

©
©

9)4©

26
32
27

•

2i y4

8)4©
9)4©
9

•

©

22 X©
m.

5%
£6
Si

©

Insurance.

*

23 ©
23 @
©
4
@
7 ©
©
©
©

FREIGHTSTo Livbbpool:
Cotton
......? Ib.
Flour
? bbl.

Beel
Pork

4%

...

Burry
Am.Merino, unwashed
Cape Good Hope, unwashed
Texas, fine, Eastern
Texas, medium, Eastern
Smyrna.unwashed

Heavy goods. .?ton.
Corn.bTk* bgs. ? bu.
Wheat, bulk & bags..

S.Y©

Hemlock.Buen, A’res,h.,m.*l.Vib.

i



634
9%

©

7^

Wei Salted—Bucn. Ay, selected “
Para,
do.... “
California,
do.... “
Tcxrb
do
**
A. I. stock—Cal.,slaught.cow! '*
Calcutta, dead green
“
Calcutta, buffalo
“
LEATHER—

Slaughter crop

©

4Vi %
9
23

7)4©
5*©

HIDES—
f— Buenos Ayres,selected.
DryMo
tontevideo,
do....

rough

5

5
13

y n>.

„

hide,h.,

4%

©

3>*a

160 00

Olds, all growths
Yearlings(l876 crop)....,

"

©

83

17

South

7

145 CO©
125 (0©
170 09©
259 00©

HOPSNew YTorks. new crop
Eastern, new ci op
Western

common

0

...

Fair
Interior

ip ton.

Italian
Manila
Sisal
Jute

**

©

5
4
4

e

ClipSuperior, unwashed. ..a.

©

11

order.

JOHN W. MASON & CO.,
43 Broadway, New York.

California, Spring

20

•

Peaches, pared, Ga.,good to ch’ce..
do
uap i halves and qts. new

Matamoras.

&
©
©

£3

IRON ROPES for Minin*
purposes manufactured to

84

American,Combing and Delai
Extra,Palled City
No. 1, Palled

15)*©

quarters,.

Corrientes,
Rio Grande,
.Orinoco,
California,

10
5
n
5 50

?lb

Rigging, Suspension

Bridges, Derrick Guys,Ferry

A large stock
Ropes, &c.
constantly on hand from
which any desired length
are cut. FLAT STEEL AND

1%

62Ki

5 50

vanned Charcoal and BBfo

[ships*

'

8

6)4

5

Planes, Transmlsaioa
Power, &c. Also Ga

8)4

S

“

cllned

lof

....

W t

A

superior quality

HOISTING PURPOSES, la

....

“

'•

of

suitable for MINING AND

**

7H
7%

English,refined
Plates, I. C., coke
Plates.cbar.terne, 14x20...

Wail),

BROKERS.

STEEL AND CHARCOAL

IRON

7s

7s©'
7)4 }

hMi

Co.,

Rope.

7M

8X©
8X4
9%J
8X©

19

STOCK

—

••

?bx.

AND

Wire

....

6%

•*

WOOL—
American XX
American, Nos. 1 & 2

•

•

5

^4

*3.

©

•

©

Straits

....

11

4)*»

TIN—
Banca

St. (near

YORK

Stocks bought and sold on the NEW YORK STOCK
EXCHANGE on a margin of 3 percent, if desired
Equal attention given to small and large Investments.
Any Information given f orsonally or by mall. Firstclass references.

6«

6%
7
7%
5%
6%

©

STREET,

....

6 3U

©

TO

NEW

BANKERS

6’?5..

6
7

"
“
“
..

NEW

No. 16 Broad

H 34

? a.

...

Apple>, Southern, siloed (new).?* lb.
do
do
«ioarters(new)...
do
State, slietd,

off A

1

Stocks, &c.,

REMOVED

H. F. Gilbert 6c

a

TALLOW—
Prime city

©
©
©

Prunes, Turkish, new
French

“

WhiteextraC

i*0
4*©

Citron

"

Extra C
“C”

1 80
19)

Valencia, new
Currants, prime

cut loaf

Coflee, A, standard.

Yellow
3 75

..

SOU,

Beers, Jr.,

May 1,1879.

,

7 1-16©

**

“
“
“

&

STREET, NEW YORK,

6)*
6%
6%d 6 13-16

“

Mexican

HAS

No.

SATURDAYS.

SECURITIES, CITY BONDS,
Gas

©
a

9)4

SUGAK-

Inferior to common

BROOKLYN

9 75
-3
....©
...©
....
10 25 © 11 CO
11 50 © 12 10
14 25 © 14 50

“

AUCTION

BONDS,

MULLER

PINE

5 00

9 50

V lb

II.

AND

N. T.

30)4

4X©

PROVISIONS—

Pork,extra prime

No. t

1 30
3 00

7&fc

44

Naphtha,City, bbls

4DRIM

2 00
90

5^4

_—

AND

WEDNESDAYS

2 00

.©
28 :o ©

REGULAR

£ll classes of
ON

34
1 19
13
©£0
29*4
45 ©
75
45 ©
46
4> ©
42
73
75
©
90 ©
93
42 ©
47

4

Jamaica
Maracaibo

do
Datos

33
1 (5
69

14

V ton.

©

STOCKS

...©

44

Whale,bleached winter...
Whale, crude Northern...,

43

©
@

8 12H6
4 50 ©

r.

4

©

£0

20
27
83
23
40
28
36

©
©

©

-V gal.

Olive, in casks V gall....
Linseed, casks and bbls.

13
26
23
20
23
27

182)4 a

OILS—

hold

SALES of

©

Rosin, strained to good strd.V bbl
“
low No. 1 to good No. 1
“
*•
low No. 2 to good No 2
“
“
low pale to extra pale.. “
“
window glass
“

..

.

do
do
do

1

undersigned

The

© 55 CO

1 '.5 ©
1 75 ©
....©

...,

Sei t. 24.

Newbu g.*

687)4©

V gal.

8 00

©

..

D.L.&W.
Auct.on.

Penn.

tide water. 52 00

Cuba, clayed

Cases
Refined

Schedule

*

Steel rails. America:', a
MOLASSES—

44

Liverpool house cannel
11 00©
Anthbaoitk—The following will show prices at
last auction or present schelule rates; the naine3 im.

Bar,Swedes, ordinary sizes... V lb
©
refined, Eng. and Amer .per ton
©
Sheet, Russia, 8 to 14
%<lb
....©
13
Rails, American, at tide-water
47 50 © 50 00

Cuba, Mas., 50 test

©
© 60 00

ta.ly boards, com.to g'd,each.
22
Oak
V M. it. 35 00
Ash, good
35 00
Blaca walnut
75 00
Sprnce boards & planks, each
IS
Hemlock boards, each
14
do

STOCKS and BONDS
At Auction.

©

Prices,

Bar

BKKA.DBTD FK6—See special report.

BJILDING MATERIALS—
Bricks—Common hard,afloat..V M
Croton

Financial.

© SO 03
© 29 00
© SO 00

Store

ASBE8-

Pot, anor'.ei..

[Vol. XXIX.

Broadway, New York City.

'

t

ONTEpMS AS FAVORABLE AS THOSE OE
,;
'’TANir OTHER COM PAN v.

•

"

■ORGANIZED APRI L 12 V

IB*2: