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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
29.
YORK, OCTOBER
Banque
-
-
Co.,
Bankers and Merchants,
Anversoise,
Anthony
RAILROAD WYESTMEXT SECURITIES;
BOARD OF DIRECTORS
COLLECT COITPONS AND DIVIDENDS
Felix Ukisab, President.
Alfbed Maqoinat (Graff* Maqulnay), Vtce-Pres
J. It. Von dkr Beckk (It. Von der liecke).
Otto Gunther (Corneille-Davld).
Emile de Gottal.
Ad. Frank (Frank, Model & Cle.)
Aug. Nottebohm (Nottebohm FrereB).
NEGOTIATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.
Fb. Dhaxis (MlchlelB-Loos).
Joh. Dan. Fuurmann, Jb. (Joh. Dan. Fuhrmann).
Louis Wkhek (Ed. Weber & Cle.)
Equipment of Railroads undertaken.
Jules Uautbnstbauch
Schmld
(C.
&
A
BUSINESS.
ASA
Eddy,
P.
Potter, Prest.
J. J.
Cashier.
Maverick National Bank,
BOSTON,
CAPITAL,
SURPLUS,
....
and Bankers
•
i
COLLECTIONS a specialty,
-
-
•
$400,000
400,000
Satisfactory
business
paper
discounted,
Cor-
respondence invited.
Sand, Hamilton
&
Co.,
BANKERS,
IS
WALL STREET, NEW YORK,
Issue Commercial and Travelers' Credits available
In all parts of the world. Draw Time and Slgbt Bills
on the Union Bank of London, and on the Credit
Lyonnals, at Lyons or Paris.
Make Cable
R.T.Wilson
&
Transfers.
&
Gilman, Son
Co.,
BANKERS,
CEDAR STREET,
Government Bonds and Investment Securities.
Gwynne & Day,
^Established 1854.]
No. 45 Wall Street,
Transact a general banking and brokerage bus4ess in Railway Shares and Bonds and Government
ecurltles.
Interest allowed on deposits.
Investments carefully attended
Buttrick
&
LOANS NEGOTIATED.
Interest allowed on Deposits.
H. H.
Hollister
&
SPECIAL ATTENTION GIVEN TO
Co., QP
FUNDING VIRGINIA AND NORTH
NEW YORK ANB BALTIMORE.
Stocks, Governments and Miscellaneous Securities
bought and sold on commission.
NEW YORK
43
Elliman,
No. 2 Nassau street,
New
York.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
Member of the N.T. Stock Exch'ge.
Wat. Kluiian, Member of the N.Y.Mlnlag Exch'go
A. BtrrTRiCK,
New
HOUSE:
Street.
H. H. HOLLISTER,
Robert
BALTIMORE HOUSE:
21 South Street.
H. H. Hollister,
B. Holmes.
S-_H.
Members of New York Stock Exchange.
Coleman Benedict & Co.
STOCK AND BOND BROKERS,
92 BROADWAY.
all
Se-
Jas. McGovebn, Jr.
Coleman Benedict,
Member N. Y. Stock and Mining Exchanges.
&
21
New
St.,
New
AND
22
&
Co.
DREXEL BUILDING.
New York,
BUY and SELL RAILROAD STOCKS and BONDS.
U. S. GOVERNMENT, STATE, CITY, and all other
Negotiable Securities, ON COMMISSION.
St.,
Mr. J. M. Drake has been a member of the New
York Stock Exchange since 1852. and will give per-
Hilmers,McGowan & Co
BROKERS IN
FOREIGN EXCHANGE,
63 Wall Street,
(P. O. BOX
Francis,
BANKERS AND BROKERS,
TO Broadway A 15
BANKERS,
sonal attention to all business entrusted to the firm.
curities dealt in at the New York Stock Exchange
bought and sold, either for investment or on margin,
in lots to suit, on commission only.
Trask
James M. Drake
Wall
Dcnan,
Stocks, Railroad Bonds, Governments, and
CAROLINA STATE BONBS.
Itork
Transact a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold oil
Commission, and carried on Margins.
Deposits Received and Interest Allowed.
tW" Accounts of Country Banks and Bankers re
celved on favorable terms.
New York.
2,847.)
Special attention paid to the neggtlation of
merclal kills.
R.
JT.
Kimball
&
Com
Co:,
BANKERS a»d BROKERS
4 Exchange Court, New York.
N. Y. Stock Exchange.
It years memiershif in
Buy and
Sell en Commission,
/or Cask er en
,
Margin, Stocks, Bonds, and all Investment
Exchange Place,
Securities, in lots to suit.
BUYS AND SELLS
RAILROAB BONBS ANB STOCKS.
$35,000
ALL CLASSES OF INVESTMENT AND MISBy a REPUTABLE WOBKING COAL
51
BANKERS ANB BROKERS,
•C.
R. A. Lancaster & Co.,
BANKERS AND BROKERS,
66 BBOABWAY, NEW YORK,
80U1SERH SECURITIES A SPBC1AL1T.
H. W. Rosenbaum,
to.
Maitland.
Bought and Sold on Commission.
Virginia Tax- Receivable Coupon* Bought.
COMMERCIAL PAPER NEGOTIATED.
In addition to a General Banking Business, buy and
sell
N. ewell,
Alex.
N. Y. Stock Exchange.
BANKERS AND BROKERS,
DIALERS IN
First-Class Investment Securities.
Street, New York,
GOVERNMENT BONDS, STATE, CITY, COUNTY,
STOCKS AND BONDS BOUGHT AND SOLD ON
RAILROAD A MISCELLANEOUS SECURITIES
Co.,
BANKERS AND COMMISSION MERCHANTS
2 Exchange Court, New York.
62
Mining shares.
2 Nassau
BANKERS AND BROKERS,
Kountze Brothers,
on commission all securities dealt in at
Stock Exchange or in this market
New York
also
Business from Banks
solicited.
sell
the
J.
COMMISSION.
-
Maitland,
Member of
Cle.)
TRANSACTS
GENERAL BANKING
Oliphant,
BANKERS AND BROKERS.
No. 58 BROADWAY,
Bur and
and
&
Ewell
i
All business relating to the Construction
&
Btrr and Sell on Commission all Securities
Current at the new Yobk Stock Exchange.
Allow Interest on Deposits. Make Advances
on approved Collateral.
New York,
BUT AND SELL
9,000,000 Francs.
Jas. L. Anthony-,
jas. H. Oliphant.
Member N. Y. Stock Eiohange.
BANKERS AND BROKERS,
No. 19 Broad Street, New York,
WILLIAM STREET,
No. 63
745.
Financial.
&
Kennedy
S.
J.
Antwerp.
Paid-Up Capital,
NO.
1879.
Financial.
Financial.
Centrale
4,
Wanted
CELLANEOUS SECURITIES NOT ACTIVELY
DEALT IN AT THE NEW YORK STOCK EX-
CHANGE A SPECIALTY.
Correspondence solicited and information cheerf uraUUed.
fully
COMPANY
FOR FIVE YEARS. GOOD SECURITY.
GOOD PARTIES. GOOD RATE OF INTEREST.
SMITH & MANNAMAN,
Loan Agents,
Indianapolis, Ind.
:
THE CHRONICLE
XXIX
Vol.
Foreign Exchange.
Canadian Bunk*.
Foreign Bankers!.
Drexel, Morgan & Co.,
HILL 8TKEET,
Bank of Montreal.
Nederlandsch Indische
Handelsbank,
CORNER OF BROAD, NEW YORK.
Drexel, Harjes
Drexel & Co.,
Mo. M South Third
31
St..
&
Co
Boulevard Haossmanc
CAPITAL,
SURPLUS,
ATTOBtfkYS AND AilEN'TS OF
&. GO.,
8.
JIORGAN
Messrs. J.
No. S3
OLD BROAD
Brown
ST.,
LONDON.
Brothers
&
Co.,
5,500,000, Gold.
R
BILLS OF EXCHANGE
ANGUS,
&
($4,800,000 Gold.}
OFFICE IN AMSTERDAM.
HEAD
General Manager
Agencies in Batavia, Soerabaya and Samaranjr.
Correspondents in Padang.
OFFICE,
WALL STREET.
61
C. F.
Smithies,
»_,,_„
Waltek Watson, ( Agenu
Issue commercial credits, make advances on shipments of staple merchandise, and transact othe*
business of a financial character in connection wits
the trade with the Dutch East Indies.
>
-
BLAKE BROTHERS &
Bny and Bell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers' Credits, available in any part of the world ; issue drafts
54
on and make collections in Chicago and throughout
the Dominion of Canada.
London
Office,
CO.,
Agents for North America,
wall street, new tork,
28 state street, boston.
Adolph Boissevain & Co.
No. 9 Blrcliln Lane.
BANKERS
agencv of the
ON
AND
Great Britain and Ireland and France.
COMMERCIAL AND TRAVELERS' CREDITS
AVAILABLE IN ANT PART
OF THE WORLD.
COMMISSION MERCHANTS
Bank of British
AMSTERDAM, HOLLAND
North America,
Commercial Credits issued for nse m Enrope, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewnere, bought and sold at current
California Banks.
The Nevada Bank
Cable Transfers.
Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MaoTAVISH, {Agents.
(
A .„ nta
rates; also
OF SAN FRANCISCO.
Demand
Seligman&Co.,
BANKERS,
New Tork Agency, 62 Wall
Capital, paid Up..., $10,000,010 Gold.
Merchants' Bank
Surplus,
(invested in
CANADA
CHRI8TENSEN, UgentsL. BRANDER,
C. T.
Payable In any part of Enrope, Asia, Arrlca, Australia
and America.
Capital,
Draw Bills of Exckange and make telegraphic translers of money on Europe and California.
President, the Hon.
§5,461,790 Paid Up.
JOHN HAMILTON.
Vice-President, JOHN MCLENNAN,
HEAD
&
GEORGE
ESQ.
OFFICE, MONTREAL.
Co.,
LONDON.
Circular Notes and Credits fob Tbavei.ebs.
&
G.
G. C. Ward,
ASXNTS FOB
B.
HARRIS,
Capital,
H. S.
&
HEAD
Stuart
&
Co.,
J.
33 NASSAU STREET.
BILLS OP EXCHANGE ON
LIMITED ;••
MANCHESTER, PATABLE IN LONDON
(LIMITED).
LONDON',
JR.,
Lombard
&
;
l'OKR
Agents, J.
:
ALSO,
FRED'K F. LOW,
I MansurorR
IGNATX STEINHART. ^aoaKere.
LILIENTHAL. Cashier.
)
P. N.
|
Co.,
street.
Bank of Montkbal,
59
Wall street.
Boston Bankers.
I
H. Peck,
F.
BANKER AND BROKE:
No. 7
Nederlandsche
Lichtenstein,
BANKERS,
Exchange Place.
EXCHANGE PLACE,
all principal cities
o
Europe.
SPECIAL PARTNER,
DEUTSCHE BANK, Berlin.
Chas. A. Sweet
The Neiherland Trading Society
40
ESTABLISED 1824.
Pald-np Capital, 36,000,000 Florins.
($14,40»,000, Gold
STATE STREET, BOSTON.
DEALERS IN GOVERNMENT
State. City.
SECTJ-UTIES,
County and Railroad Bobub
)
Execute orders for the purchase or sale of Merchandlse. Bonds, stocks, and other securities, in the
United states, Europe snd the East make Collections,
buy and fell Foreign Exchange, and give advances
upon Merchandise for hxport.
OLIVER S. CARTER, 1 Agents
& Co^
BANKERS
Parker
&
GoM
Stackpole,
;
NEW TORS.
On
Handel-Maatschappij,
OF HOLLAND,
Knoblauch
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters of
& Co.
BOSTON.
EDINBURG, AND BRANCHES;
St., cor.
•
Selujman
$6,000,000.
1,700,000.
able terms.
Foreign Bankers.
ON TUB
CABLE TRANSFERS AND LETTERS OF CREDIT
William
-
;
NATIONAL BANK OF SCOTLAND,
&
& W.
Transact a general banking business. Issue Commercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed npon the most favor-
BELFAST, IRELAND;
I>
Angel Conrfc
Office, 428 California St-
Cashier
Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
ULSTER BANKING COMPANY,
AN
Office, 3
Authorized Capital, Paid up and Reserve,
CATHARINES, PORT COLBORN E. ST. THOMAS
LNGER80LL, WELLAND, DUNNVLLE, FERGUS.
93
Head
SAN FRANCIisCO
ST.
:
MANCHESTER & COUNTY BANK,
OA
Anglo-Californian Bank
OFFICE, TORONTO.
BosANgUKT, Salt
BANKERS, LONDON;
PAYNE * SMITHS,
UNION BANK OF LONDON.
New York, The BANK of NE W YORK,
do
THE
Dealers in American Currency and Sterling Exchange*
Agents in London
Ajgents In New York:
SMITH, PAYNE & SMITH'S,
"
do
Agents.
$1,000,000.
D. & WILKIE,
HOWLAND, President
Branches
J.
do
due dates-
SMITH,
Bankers, London,
Imperial Bank of Canada NEW
BARING BROTHERS & COMPANY,
52 WALL STREET. NEW YORK.
28 STATE STREET, BOSTON.
securities at
New V ork Agency, 48 Exchange-place.
JOHN
S.
;
on such
issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
HENRY HAGUE.
1
Issue Commercial and Travelers' Credits available
In any part of the world. Draws Exchange, Foreign
and Inland, and makes Trans ers of Money by Telegraph and Cable. Gives special attention to Gold and
Silver Bullion and Specie, and to California Collections and Securities and arranges to pay Dividends
GEORGE HAGUE, General Manager.
WM. J. INGRAM, Asst. General Manager.
No. 8 Wall Street, New York,
BANKERS
No. 4 Post Office Square, Boston. LONDON, ENG.— The Clydesdale Banking Comp'y.
The
Bank
of New Tork. N. B. A.
TORK—
NEW
CHEQUES AND CABLE TRANSFERS ON
The New Tork Agency buys and sells Sterling ExMI'NROl! & CO., PARIS.
Credits available in
Cable
Transfers,
issues
change,
parts of the world, makes collections in Canada
STERLING CHEQUES AND BILLS AT SIXTY ail
and elsewhere, and issues Drafts payable at any of
DATS' SIGHT ON
the offices of the bank in Canada. Demand Drafts
CO.,
**
3,500,000
U.S. Bonds)
OF
Issue Letters of Credit for Travelers,
ALEXANDERS &
Street.
WM.LAWSON.
59 EXCHANGE PLACE,
CORNER BROAD STREET, NEW YORK.
John Munroe
BLAKE BROS. & CO
N. T. Correspondents.— Messrs.
WALL STREET.
No. 52
Telegraphic Transfers of Money between this country and, England
and France.
J.&W.
1863.
Pald-Up Capital, 12,00 ,000 Guilders
President.
B.
NEW YOHK
Nos. 59
AMSTERDAM, HOLLAND.
Established in
WALL STREET,
No. 59
ISSUED,
$12,00 ',000, Gold.
-
GEORGE STEPHEN,
Paris.
Philadelphia.
DOMESTIC AND FOREIGN BANKERS.
Deposits received subject to Droit. Securities, Gold,
Ac., bought and sold ou Commission. Interest allowec
OB Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
av tllable In all parts of the world.
-
Credit
New
STANTON BLAKE,
HENRY E. HAWLEV,
Tobk. January
Office,
>
for
)
America.
BANKERS,
No. 68
DEVONSHIRE STREET,
1, 1819.
142 Pearl street
New
Tork.
BOSTON.
:
.
October
!87fl.
4,
THE CHRONICLE.
|
Boston Bankers.
Financial.
&
Co., John J. Cisco
BANKERS,
Brewster, Basset
BANKERS.
Commercial
ALL INVESTMENT SECI
SOLD ON COMMISSION.
NEW
paper.
Orders executed on Commission at Broken
Board
184
Holt,
Member N. 1'. Stock Exchange.
11.
Pearl Street.
M DEVONSHIRE
WALL STREET,
X«\v Vork,
52
Wm. F. Owens.
information
Austin,
STOCK BROKER,
«03 WALNUT PLACE (316 WALNUT
ST.),
PHILADELPHIA,
Orders in Stocks and Bonds promptly executed at
the Philadelphia and New i ork Boards.
ail
Have been connected with mining since the discovery of the famous Comstock Lode, and also
pioneers in the celebrated Bodie district, in which
are located the "Standard," "Bulwer," "Bodie,"
and other well-known mines. Letters and telegrams
from these districts received daily. Orders executed direct at the San Francisco Stock Excnange.
Platt K. Dickinson,
Howard C. Dickinson
Members N. Y. Stock Exchange and N Y. Mining
THOS.
P.
made on
MILLER, R.
all
I>.
WILLIAMS, JNO. W. MILLER
MILLER.
:
CIIAS. B.
&
Co.,
BANKERS,
Albert E. Hachfield,
payment.
Correspondents.—Germ an- American Bank, New
York Louisiana National Bank, New Orleans Bank
of Liverpool, Live rpool
;
;
Bank
OF GEORGIA,
ATLANTA, GEORGIA.
Buys and
ties.
sells
on commission
all
NASSAU STREET,
19
Bonds Generally.
Georgia securi-
refers
WANTED.
Bonds.
Psrino Bbown, Pres't. W. H. Patterson.
V. F. Pbhsel,
President.
l
STATE BANK.
(Incorporated
18iS.
)
J
Cash'r.
Wauub
24
C. T.
Cashier.
German Bank,
Brooklyn
Securities
(Pald-ls)
Subplot
Prompt attention given
$75,000.
25,000.
oar line.
N. Y. Corbkspokdbnts, Donnell, Lawsoa A CO, and
fee lUiropaUUn Nation u Bank.
to all business in
J.
S.
A
M. Kidder.
C.
W. McLbxlan, Jr.
W. Trash.
WANTED
Alabama, South Carolina
A
State-Bonds;
New
Louisiana
A Gt. Northern,
and Mobile
A Ohio Railroad Bonds;
City or New Orleaus Bonds.
LEVY A BOBG,
Orleans Jackson
Mississippi Central,
Ml
WALL
BTRKBT.
New York, New England
& Western
INVESTMENT CO.
(INCORPORATED.)
•
•
$200,000.
NEW YOBK,
BOSTON, PHILADELPHIA AND CHICAGO.
31 & 33 PINE STREET, NEW YORK.
MONEY CAREFULLY INVESTED for Capital-
and other investors.
Strictly conservative.
LOANS CAREFULLY PLACED
on Western
and 10 per cent interest, and
on choice business property in Cincinnati, Cleverat 8,9
land, Indianapolis, Detroit. Chicago, St. Louis, Kansas City and other large Western cities. Current
interest collected without charge. Loans carefully
placed also on Real Estate In the Cities of New
York, Brooklyn, Jersey City Newark, Ac.
MUNICIPAL, DISTRICT SCHOOL, GAS AND
and other CORPORWATER BONDS, RAILROAD
Defaulted Bonds
ATE BONDS
cos-
negotiated.
verted Into Interest-paying investments. Coupons
collected.
ta
„
made to Counties, Towns
and Cities in anticipation of taxes and other
revenues. Coupons paid for States, Counties, Towns,
Stanton,
SOLD,
Towns,
conducted
Cities, Railroad
for
and other
Corporations, and Individuals.
John C. Short, President.
NASSAU STREET,
1 9
Railroad, City, and County
and stocks
Companies, Ac.
WILL ACT AS STOCK TRANSFER AGENT for
Railroad, Mining and other corporations, and also
as Trustee of Bondholders.
Cities. Railroad
States, Counties,
Bought and Sold.
BOUGHT AND
Investment Securities.
BOX 2,047.
P. 0.
FINANCIAL NEGOTIATIONS
STOCKS
A BPECIALTY.
LITTLE ROCK, ARK.
CAPITAL
BROAD STREET.
CAS
Sell
TEMPORARY LOANS
Geo. H. Prentiss,
American
to
Buy and
Farm Mortgages,
Toledo Logansport & Burlington Bonds.
Union & Logansport Honda.
Home Watertown & Otfdensburg Bonds.
Flint & Pere Marquette Bonds and Stock.
Indianapolis Bloomington & Western Old and
New Securities.
New York & Oswego Midland
New Jersey Midland Bonds.
York.
Trustees of Estates, Guardians, Fire and Life
Insurance Companies, Savings Banks, Corporations
BASEMENT,
Collections solicited.
Corresponds with and
Exchange National Bank.
New
is] s.
Deals in Investment Securities and
MOBILE, ALABAMA.
WALL 8TREET AND BROADWAT
Capital Stock
Special attention to business of country banks.
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
Citizens'
AND
Transact a General Banking Business, inclndinff
the purchase and sale of STOCKS and BONDS for
cash or on margin.
INVESTMENT SECURITIES.
parte of the United States
Thos. P. Miller
Co.,
HANKERS AND BROKERS,
7 Wall St., Cor. New, New Vork.
First National Bank,
WILMINGTON, N. C.
Collections
&
A. H. Brown
A. K. Walksb, Casbiei
COR. OF
Se-
curities dealt in at the N. Y. Stock Exchange, bought
and sold, either for investment or on margin.
Stock Exchange.
Southern Bankers.
Prea't.
BUT AND SBLL
BONDS, GOLD, STOCKS
M'SCKLLA-NKOlTH HRCITBlTIKg.
CKJ Go.
Bro's.,
BANKERS,
Exchange Place, New Vork.
Stocks, Railroad Bonds, Governments, and
a
fur-
Coeekspondbnts— McKlm Brothers & ro.
X. s. Bbrhoss,
Foote,
WALL STREET.
GOVERNMENT
Exchange Court and 52 Broadway.
No. 4d
VIRGINIA SECURITIES
Bell
No. 12
BANKERS,
Dickinson
Co.,
specialty.
J.
BANKERS,
Geo. A. Mercer.
Interest allowed on deposits, to be drawn at will.
Also, Contracts made and carried in New York
Cotton and Produce Exchanges.
issue a Daily
Letter which will be sent on application.
BALTIMORE.
alshed.
N. x.
&
Hatch
Vork.
AND COMMISSION STOCK BROKERS,
7
BANKERS ANai UiJOKERS,
and
York.
iFECIAL ATTENTION GIVEN TO THE NKGOTIA
TION OF
BANKERS
&
Wilson, Colston
solicited
iiowi.
RAILROAD SECURITIES.
We
and
a.
.
Owens & Mercer*
Baltimore Bankers.
Correspondence
man.
BANKERS,
Pine Street, New
Member. N. V. Stock Exchange.
Curtis,
Boston, Mass.
INVESTMENT
FRANK JENKINH
BB0WK.
Union Bank of London.
RAILROAD BONDS.
SIMMONS' BUILDING,
tV
HATCH,
B.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
STOCK BROKERS,
I'lilla.
U.
WILLIAM
BOUDKN,
commission.
BOSTON.
&
BANKERS,
William Street, New
Co.,
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations In paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securities bought and sold on
STATE STREET,
Jackson
&
all
Walston H Brown & Bro.
11
Paton
II.
WALSTON
HAMBURG
Jesup,
BANKER AND BROKER.
CITY, COUNTY and
negotiated.
cheek.
Bank of Hamburg and
or
nought and sold In the OI'KN
and COMMERCIAL PA I'KIl
Intereat paid on DEPOSITS subject to
LOANS
MAltKKT.
THOMAS
HOUSE IN EUROPE,
JOHN BERENBEKO. GOSSLER & OO
Boston,
Cashier Blackstone National hank)
in
,
NKW YORK STOCK EXCHANGE,
reputahle Securities
ST.,
Stanton D. Loring,
Dealer
Co.,
v
Municipal Bonds.
No. 51
&
London, Limited.)
BANKERS AND DEALERS IN
L.ii'K
Bute Street
70
International
Purchase and sell on Commission, GOVERNMENT,
'-N
"'I' AI. and RAILROAD HONDA
^PE&J&l
and
STOCKS, and all class..,, „f Securities dealt In
at the
COKKKSIM.M.KNT8 OF
Geo.Wiii.Balloii&Co
<8
BOUGHT AND
BOSTON.
investment Securities constantly on hand.
(iniiwi
ItlTlKS
YORK,
GOSSLER
Auctions, and Private Sale.
Bio. Wm. Kaluiu.
Son,
New York.
No. 59 Mall Street,
Bonds, Gold and
In Stock),
&
SIOHT, AND INTEREST ALLOWED ON DAILY
1IALANCES.
GOVERNMENT BONDS, GOLD, STOCKS AND
Boston, mass.
D>*len
Financial.
DKPOStTS RECEIVED SUBJECT TO CHECK AT
CONGRESS STREET,
No. SB
in
Gko. W. Dkbkvoisb, Vice-President.
Secretary and Treasurer.
Wh. P. Watson,
J.
Alden Gay lord,
33 Wall
St.,
New York,
DEALSS IK
A COUNTY BONDS,
Bonds ST. LOUIS CITY
ALL CLASSES OF
AND
INVESTMENT & MISCELLANEOUS 8ECUK1TLKS
Co, Bankers
!>y permission to W. S. KloaoLl *
ttefers
—
:
THE CHRONICLE.
IT
Financial.
UNION TRUST
NEW
OF
CO.
CAPITAL,
.
rT
-
.
St.
$1,000,000.
-
Transfer Agent and
Registrar of Stocks.
Authorized by law to act as Executor, Admlnlstrator, Guardian, Receiver, or Trustee, and 1« a
Fund Land Grant Gold Bonds.
PER MILE UPON COMPLETED ROAD
AND 2,000,000 ACRES OF LAND.
Interest Payable January and July1900.
j.
M. McLean,
President.
S.
8AMUXL WtLI.ITB,
Wi. Whitkwbight,
Geo. Cabot Ward
B. B. Wxslky,
C. D. Wood.
G. G. Wiixiams,
J. II. OOILVIE, Secretary.
M. MOLZAX,
AnensTcs Sen ill,
The
Cor. of
Brooklyn Trust Co.
Montague A Clinton
N. T.
sts., Brooklyn,
authorized by special charter to
act as receiver, trustee, guardian, executor, or ad-
This Company
is
BOUGHT AND
GOLDEN
R.
Corlies.
BUNKER,
FLKKIi; GOLD
At
Secretary.
SILVER
MINING COMPANY.
Office, Reno, Washoe County, Nevada.
New York Office, No. 17 Broad Street.
Authorized Agents at New York and Boston for the
sale of a limited amount of stock,
M. & 8. 8TERNBERGER. Bankers,
17 Broad Street, New York,
And 52 Devonshire Street, Boston.
Main
WANTED
County and Town Bonds of Western States.
City of St. Joseph, Mo., 7 Per Cent Bonds.
Iowa Central Railroad First Mortgage Bonds.
City,
Danville Urbana Bloomington & Pekin Bonds.
Indianapolis A St. Louis Railroad Bonds.
St. Louis Vandalia A Terre Haute Railroad Bonds.
Houston A Texas Central Railroad Company Stock.
Port Huron & Lake Michigan Railroad Bonds.
East Lincoln (111.) 10 Per Cent Bonds.
International & Great Northern Railroad Stock.
8t. Joseph A Western Railroad Stock.
New York & Oswego Railroad First Mortgage Bonds
N. Y. A Oswego Midland RR. Receiver's Certificates.
Utah Southern Railroad First Mortgage Bonds.
St. Louis A South Eastern Railroad Bonds.
31 Pine St., N. Y.
R.
WM.
UTLEY,
WANTED
All kinds of
:
MISSOURI and ILLINOIS DE-
FAULTED COUNTY BONDS.
price paid for them.
address,
Give
full
Highest markel
description, and
COOUARD,
BANKER AND BROKER,
I..
A.
124 N. Third
Ho.
street, St. Louis,
Texas Bonds.
STATE, RAILROAD, COUNTY AND
MUNICIPAL RONDS
BOUGHT AND
J. C.
CHEW,
E.
S.
7
misrepresenting, depreciating and endeavoring to
destroy the credit or the company for speculative
purposes all who wish the company to take the
position to which its natural advantages and excellent financial condition entitle it, and all who wish
to enhance the value of their property, are respectfully solicted to send their proxies, or apply for
further information, to
;
SOLD.
29 Hroadwav.
Bailey,
Insurance
A SPECIALTY.
MISSOURI COUNTY BONDS.
Buchanan County, Mo.,
10'b.
Cass County, Mo., 10's.
Cape Girardean County, Mo,, IG'g.
Chariton County, Mo., o's.
Daviess County, Mo., 7's.
Henry County, Mo., 10*8.
Howard County, Mo., Chariton Township.
Henry County, Mo., 10's.
Marion County, Mo., Mason Township.
Morgan County, Mo., 10's.
Pettis County, Mo., 10's.
8t. Clair County, Mo., 10's.
Ralls County, Mo., 10's.
Sullivan County, Mo., 7's.
WANTED BY
4 Broad
TOBEY & KIRK,
Street.
Baltimore & Ohio
COMPANY
FORTY-TEAR
RR.
SIXES,
Interest Payable In New York, April
and October
;
AUGUST
Consolidated Mortgage 7s.
Dayton & Michigan Kit. Co.—
Third Mortgage 7s.
Grand Rapids & Indiana RR. Co.—
First Mortgage Unguaranteed 7s.
First Mortgage Ex-Land Grant 7s.
Indiana State—
Five-Twenty 5s.
Indianapolis, IndianaSchool House 6s.
Series B. B. 8b.
Pittsburg Fort Wayne
19
Voiki;
IS
& Chicago RR. Co
—also
BY
COUPONS OF THE INDIANTHE
APOLIS DECATUR A SPRINGFIELD RAILWAY
First Mortgage Bonds, due October 1, 1879,
will be paid on and after that date at the company's
office, 120 Broadway, New York.
DUPRAT, Assistant Treasurer.
Sc
WEST26th
September.— The Coupons of the First and Second
Mortgage Bonds, due Is* October, 1879, will be paid
at the Corbin Banking Company, No. 115 Broadway,
WESTERN
TAINTOR,
Ill-
Township and De-
faulted Bonds,
JAMES A. ROOSEVELT,
WILLIAM R. FOSDICK,
Trustees and Receivers of C. C. & I. C. R'y Co.
ERN RAILWAY COMPANY, New York,
other Missouri, Kansas. Arkansas and
all
inois County, State, Municipal,
HEREBY GIVEN THAT
G. E.
&
10b
Lafayette Co., Mo., 6s
Mercer Co., Mo., 8s,
Pettis Co., Mo., 10s,
Co., Mo., 8s,
Johnson Co.. Mo., 10s,
Lincoln Co., Mo., 10s,
Henry Co., Mo.,7s& 10s. Buchanan Co,, Mo., 10s,
Laclede Co.,Mo.,7s&los, Sullivan Co., Mo., 7s,
Ralls Co., Mo., 10s,
Vernon Co., Mo., 8s.
Platte Co.. Mo.. 10s,
St. Clair Co., Mo., 10s,
Pike Co., Mo.. 10s,
Cass Co., Mo., 10s,
Daviess Co., Mo., 7s,
Howard Co., Mo., 8s,
Cole Co., Mo., 10s,
Jackson Co., Mo.. 8s,
Jasper Co., Mo., 8s,
Cooper Co., Mo., 10s,
COLUMBUS CHICAGO & INDIANA CEN-
York.
CO.,
Grundy
TRAL RAILWAY COMPANY, will pay in behalf of
the said railway company, on presentation at the
office of A. ISELIN &CO.,No 48 Wall street, New
York City, the following-named interest coupons in
arrear on mortgage bonds secured on portions of
said company's railroad line, viz.:
Coupons due April 1, 1879, on 7 per cent bonds of
Union & Logansport Railroad Company.
Coupons due July 1, 1879, on 10 per cent bonds of
Indiana Central Railway Company.
New York, September 29, 1879.
New
&,
WANTED.
•L* the undersigned, as Trustees and Receivers of
the
iLMONT
151
NASS4U STREET.
Callaway Co., Mo. ,9s,
Chariton Co.. Mo., 8s,
Second Mortgage 7s.
Third Mortgage Registered 7s.
Quarterly Dividend on Special Stock.
Scioto Valley Railway Co.—
Second Mortgage 7s.
ov and after October 7th:
Pittsburg Fort Wayne & Chicago RR. Co.—
Quarterly dividend on Regular 8toek.
On and after October 20th:
Colfax City, IndianaMunicipal 8s.
INDIANA BLOOIfUNGTON
Cash paid at once for the abore Securities; or they
Will be sold on commission, at eller's outlon
WILLIAM STREET.
63
Secured by Mortgage and Pledge of
tin- First Mortgage Ronds of the
INTEREST AND DtVIDENDS Parkeisburg Branch Railroad Co.
on the following Bonds and Stocks are payable at
FOR SALE BY
the Banking House of Messrs. WIN8LOW, LANIER
WINSLOW, LANIER &. CO.,
& CO., corner of Cedar and Nassau streets, New
York City, on and after October 1. 1879
26 NASSAU STREET,
Cincinnati Hamilton & Dayton RR. Co.—
A.
Stocks
CO.,
8t
New York.
19 Broad Street,
PINE STREET.
Dealings In
KENNEDY
S.
CO.,
NASSAU STREET,
ANTHONY & OLIPHANT,
First Mortgage 7s.
:
Atchison A Pike's Peak RR. Bonds and Stock.
Chicago A Illinois Eastern RR. Bonds and Stock.
J.
who wish to free the company of certain
who have been faithless to their trusts, in
THE
Edmund W.
FOR SALE BY
WINSLOW, LANIER &
in this paper.
A ST. JOSEPH RAILHANNIBAL
ROAD PROXIES.— Stockholders and holders of
proxies
DIVISION,
Western Union Railroad,
SOLD.
See quotations of City Railroads
Wm. B. Kendall, Henry Sanger, Alex. McCue,
Chas. B.Marvin. A A. Low,
John P. Rolfe,
Thomas Sullivan, Abm. B. Baylls. Henry K. Sheldon
H.K.Pierrepont, Dan'IChauncey, John T.Martin,
Alex. M. White, Joslah O. Low, Ripley Ropes,
WM.
WESTERN
Comprising 212 Miles, formerly known as the
26
directors
Austin Oorbin.
FIRST HIORTG1GE ON THE SOUTH-
Now Owned by the
Chicago Milwaukee & St. Paul R'y Co
NEW YORK.
CITY RAILROAD STOCKS & BONDS
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
RIPLEY ROPES, President.
for money.
CHAS. R. MARVIN. Vice-PreB't.
Edg Ait M. Cullen, Counsel.
TRU8TEES
wlili Registration Provision,
SECURED BY A
KENNEDY
H. L. Grant,
No. 145 BROADWAY,
J.
1909.
Coupon Bonds of $1,000,
Principal due
Wi. WmrawKieHT,
EXECUTIVE COMMITTEE.
1,
Interest Payable Januahy and Jply.
Accrued Interest.
A CO.,
63 WILLIAM STREET.
ROOSEVELT 4c SON.
32 PINE STREET.
JT.
Vice-President.
2d Vice President.
tot
Price, 105 and
PRINCIPAL DUE JULY
TOR SAME BY
Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.—Checks on this Institution pass through the
KING,
Thirty-Year Six Per Cent Bonds
$12,000
LEGAL DEPOSITORY FOR MONEY.
EDWARD
Financial.
THE
OF THE
Paul Minneapolis &
Manitoba Railway Co. Chicago Mil. & St. Paul
Railway Co.
First Mortgage 7 Per Cent Sinking
HAS SPECIAL FACILITIES FOR ACTING AS
Clearlng-House.
Financial.
St.
YORK,
13 Broadway, Cor. Rector
No>.
XXIX
[Vol.
DONALDSON & FRALEY,
P. O.
BOX
SOUTHERN NEVADA MINING
UNION TELEGRAPH
The Board of Directors have declared a quarterly
dividend of One and Three-Fourths Per Cent upon
the capital stock of this company from the net earnings of the three months ending September 30 instant, payable at the offlce of the Treasurer on and
after the 15th day of October next, to stockholders
of record on the 20th day of September instant.
For the purpose of the annual meeting of stockholders, to be held on Wednesday, the 8th day of
October next, and of this dividend, the transfer
books will be closed at three o'clock on the afternoon of 'the 20th instant and opened on the morning
of the l«th of October next.
R. U. ROCHESTER, Treasurer.
Mo.
CO.,
SANTA FE DISTRICT, ESMERALDA CO., NEV.
MAIN OFFICE, RENO., WASHOE CO.. NEV.
NEW YORK OFFICE, 17 BROAD ST.
Authorized Agents at
New York and Boston
sale of a limited
M. &
number of
for the
stock,
STERNBERGER.
S.
Rankers,
No. 17 Broad Street, New York, and
No. 52 Devonshire Street, Boston.
WANTED:
CITY OF MOBILE
Past-Due Coupons.
THOMAS P. MILLER & CO.,
MOBILE, ALABAMA.
Ind. Rloomlngton A West., 1st Mort.
Danville Irb. Bloom. A I'i'kiii 1st.
Wabash, 1st, 2d and Consol. Int. Scrip.
Chesapeake & Ohio, 1st and 2d Mort.
Ronds and Scrip.
BOUGHT AND SOLD BY
D.
J.
62
Treasurer.
COMPANY, New York, Sept. 10. 1879.
DIVIDEND NO. 40.
ST. LOUIS,
2829.
q-<IIE
PROBST &
CO.,
EXCHANGE PLACE, NEW YORK.
FIRM OF H. TILESTON A;
J- is this day dissolved
CO.
by mutual consent.
HENRY TILESTON.
J. DAVIS TILESTON.
St., New Yo rk, Oc t. 1, 1879.
The Undersigned have this day formed a Limited
Partnership under the firm name of
60 Stone
H. TILESTON 4 CO.,
for the transacting of a general commission business in Stocks, Bonds, tc, and Cotton.
HENRY TILESTON,
n mrr .. Partners
DAVIS TILESTON, General Partners.
CORNELIUS FELLOWES, Special.
)
(
J.
00 Stone Street and 97 Pearl Street.
New
York, October
1,
1879.
fmntfrV
xnm
andW
HUNTS MERCHANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY, OCTOBER
29.
CONTENT8.
cle of
341
Trade
Russia in Central Asia— A New
Commercial Highway
Railroads und the General Government
Financial Review of September.
842
.
.
United States Treasury Statement 846
for Septem-
The Debt Statement
846
ber, 1879
Imports and Exports for August. 847
Latest Monetary and Commercial
English News
348
Commercial and Miscellaneous
.
348
344
345
News
34o
THE BANKERS' GAZETTE.
Money Market, V.
8.
Securities,
Railway Stocks, Foreign
change, N. Y. City Banks,
.
|
851
.
Quotations of Stocks and Bonds. 354
855
New York Local Securities
Investments, and State, City and
356
Corporation Finances
.
I
Exetc.
|
I
THE COMMERCIAL
Commercial Epitome
Cotton
359
359
364
."
Breadetnffs
1
TIMES.
the latest
Prices Current.
366
|
news up
to
on Saturmidnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
IN
For One Year, (including postage)
For Six Months
do
Annual subscription in London (including postage)
SixmoB.
ao
do
do
ADVANCEi
$10
6
20.
10.
£2
7s.
8s.
1
Subscriptions will be continued until ordered stopped by a written order, or
at the publication office. The Publishers cannot be responsible for Remittances
unless made by Drafts or Pi st-Office Monev Orders.
London
The London
office
Office.
of the Chronicle
where subscriptions
Street,
will
Is at No. 5 Anstin Friars, Old Broad
be taken at the prices above named.
AdvertUementB.
Transient advertisements are published at 25 cents per line for each insertion,
bnt when definite orders are given for five, or more, insertions, a liberal discount is made. Special Notices in Banking and Financial column 60 cents p>:r
line, each insertion.
William b. DANA,
WILLIAM B.
ft 00., Publishers,
JOHN a. floyi), j u.
79 & 81 William Street,
YORE.
DANA
l
)'
NEW
Post Office Box 4592.
neat
furnished at
XW AVolumes
bound for subscribers
file-cover is
ce nts.
0F~
50 cents; postage on the same
is 18
at $1 90.
For a complete
July, 18S5. to date
Commercial and Financial Chronicle—
Horn's Merchants' Magazine, 1839 to 1871, inquire
set of the
—or of
" desirable
purchases."
NO.
The general
at the office.
food,
THE WEEK'S MARKETS.
advance in wheat and in
found in the course of exports of late. The
statistics are now brought down to the 27th September,
and embrace some really notable figures. For instance,
the exports of wheat from the principal Atlantic ports
of the United States and from Montreal for four weeks
ending September 27 were in round numbers (including
flour reduced to 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 in Western 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,
basis'
for the recent
is
fearing lest speculation will check exports.
arrangements having been delayed until the present
Consequently, the severest strain on the money
market was not felt until the first of October.
recklessly accumulated.
The higher
feeling
<fcc.
The
The Government did not fully complete its settlements
for bond purchases last week, as it anticipated, the rinal
week.
745.
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
breadstuffs
Dry Goods.
The Commercial and Financial Chronicle is issued
day morning, with
1879.
inside this dizzy
THE CHRONICLE.
The Week's Markets
Effect of Prices on Oar Foreign
4,
large
We
have a
surplus to dispose of, and stocks should not be
The movement in Rio coffee at the ports of the
United States for the month of September, just closed,
money
have, however, had no was the largest ever recorded, amounting to 272,Every one understands 000 bags.
The sales for the past three months are
that the Government settlements were the cause produc- 044,632 bags, and there has been an advance in the
ing the change, and that from this date the movement past sixty days of two cents per pound, quotations for
will be in the opposite direction, for the large balances fair cargoes rising from 13£ to 15^ cents. This advance
drawn in to pay for the nnpresented bonds, now believed is in some degree based on the prospect of diminished
to be 20 millions and upwards, must gradually be re- supplies. The crop year ends July 1, and for the season of
effect
rates for
on prices in Wall
street.
turned to the banks. This source of supply, together lS79-'80 the total supply is estimated at 3,500,000 bags,
with the interest payments and foreign gold arrivals, are against 4,000,000 bags for the previous year. But the
looked upon as pretty sure guarantees of an undisturbed most effective stimulus to the increased movement and
money market during the fall months. Consequently the higher prices has been found in the restored confithe stock speculation has continued to progress, nothing dence in the United States, and the indications on all
being so nearly worthless as to put it outside of the cir- sides of an increased home consumption, the result of
THE CHRONICLE.
342
[Vol.
XXIX.
the greater purchasing power of the country. This feel- nificant fact, for it brings into view a feature of importing 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
price of fair cargoes of Rio coffee one year ago was,
however, 17 cents per pound, or 1£ cents above the
tured articles,
present price; from this figure a steady decline set in,
the lowest prices in recent years were reached. The
this process
till
the inevitable
action
demand here on values unduly
of
all
manufac-
a revival
Of
depressed.
of
course,
has a tendency to stop exports, for it shuts
out foreign markets, and more especially at this time,
reaction that has taken place appears, therefore, to be a
when Great Britain
reasonable one.
price than ever before.
is
ready to sell her goods at a lower
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
goods trade almost standing alone with their declining in every way sound. The important question is, theretendency. 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
redundant and excessive that we are to experience a
great speculation, with constantly rising values and in-
cotton would weaken prices.
EFFECT OF PRICES ON OUR FOREIGN TRADE.
creasing cost of production,
The monthly statement of our foreign trade to September 1, issued this week by the Bureau of Statistics
and given in another column, is interesting and sugges-
other than food
it;
for
to
read the figures correctly, or rather to
draw from them
one must look back
to the statements for the subsequent months of last
year, and modify them for present use by and according to the changing conditions daily developing in our
midst. In this way we may gain a sort of guide for
regulating our opinions with regard to the future. "We
do not, of course, assume any prophetic wisdom, for the
•dullest of our readers would make a better prophet
than we ever shall; we would simply like each one to
'usetbe admitted facts to draw his own conclusions.
But first of all, it is an undoubted truth which every
•one recognizes, that this country is in a most promising
condition. Even more than that can be said, for we
have passed the day of simple promise, and are now
actually realizing the first fruits of a renewed prosperity.
The excess of our exports over imports in
-August of more than 15 millions is evidence of this.
'To be sure, last year the excess was 22 millions, but the
previous year it was only about 3 millions, and in nearly
every other year in our history the August trade balance
has been an adverse one.
But we can see it even more
their real teaching,
clearly outside of these official figures; overflowing barns
and
another feature of the month's trade
is
figures calling for notice.
The imports
for
"We may, however, be misled by a too hasty review year were $12,819,371, against $36,954,681
tive.
of
But there
making domestic exports
more and more impossible ?
granaries,
met by an
active
demand from every
quar-
ter of the world, resulting in an enlarged capacity for con-
suming manufactured products of every description, are
the evidences of what the faces of our farmers aDd
business men everywhere reflect.
In the same connec-
an increase of about
course, this of itself
is
6
millions
of no great
for
August
this
last year, or
Of
the month.
moment.
Every one
would expect, after our long period of forced economy,
every description of stocks of goods would be reduced,
and necessity
for
increased supply be
an
month
would
the
gen-
be
and with a favorable
balance the last two years on an average of about
260 millions, we would still have, with all other things
But we must remember
equal, a very large surplus.
that these figures are for August and represent orders
of some months previous.
Since those orders were sent
Prices in
out, a very decided change has taken place.
the United States of foreign products as well as domestic products have been rising almost daily.
Teas, coffees, sugars, East India goods
in fact are we not within
bounds when we say nearly every description of foreign
merchandise have very decidedly advanced, and we
have become the test market in the world for almost all
eral
rule.
seventy-two
Six
millions
millions
a
a
only
year,
—
—
articles.
Our latest English exchanges are
drawing their main comfort out of the large recent
orders from this side, and especially for Indian produce,
which are so decidedly increased as to give rise to speculation with regard to their effect on the silver market.
These increased orders within certain limits are not, as
we have already saidjunnatura and the movement would
correct itself in a brief period if it were simply the result
But the
of a revived demand coming on small stocks.
or are we
question recurs once more, is that all it is
entering upen a wild speculation of which our rampant
of these
1
,
tion we should not fail to mention the large daily arrivals
;
of gold from Europe to settle the trade balances, showing 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
wise met.
While, however,
must show an increase over
last
year decidedly larger
shown by the report now before us.
cations, and the monthly trade report just issued conWe draw no inference from the above except the
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
This will be brought about by a
total domestic merchandise exports for August, it will be for our food products.
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
Oar
year, and consequently a decided decrease compared with referred to must become more and more adverse.
last year in miscellaneous articles.
This latter is the sig- readers, therefore, can watch the course of the markets
all this is true,
there are certain indi-
than
is
October
THE CHRONICLE.
1870.]
4,
and reach pretty safe conclusions as to the direction
which the country is tending.
It
well,
is
perhaps,
for
that another year there
our
trade
relations
us
to bear in mind
important changes in
Europe.
It
possible
is
then
a cordial understanding between them. The interests
England and the interests of Russia, according to the
of
all
may be
with
in
343
Professor, are the same, but their spheres are apart;
and
be by encouraging each other's labor in a
friendly spirit that they will be able to accomplish their
it
will only
—
reclaim those desert lands from barbarism, and
promote the advance of civilization.
He would have
present year, and it is only wise for us to contem- Russia and England shake hands, forget the passionate
We do not look upon it, how- prejudices of the past, and, finding sufficient scope on
plate that contingency.
ever, as any great loss to us if we only take such meas- the plains and hills of Central Asia, furnii-h " triumphthat
country
every
good harvest
instead
there
of
the
will
poor
secure
crops
of
a
task
the
ures as will prevent the rise of a disastrous speculation
ant proof that true civilization consists in co-operation
from Europe may be our towards a common and sublime end worthy of the
nineteenth century." It is probable that these wise and
greatest curse, if we allow them to come and simply
What we humane views are not largely shared by the Russian
add to our already excessive currency.
must 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
here.
Our
receipts of gold
make a connection with Persia, in one direcand to make a connection with China in another
RUSSIA IN CENTRAL ASIA—A
COMdirection; and in pursuing this policy she has been
MERCIAL HIOH WAT.
influenced mainly by considerations of trade.
Shut ont
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 the
were 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 has
would be rash, however, to come to the conclusion that yielded; Khiva has been conquered and subjected tobecause of the check, and because of the difficulties Russian rule; and Bokhara has become submissive. The
which still lie in tie 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 southand the movements of the Russians, in that region, west. There is no evidence that she has lost sight of hev
should be the cause of so much mutual jealousy. It is original purpose, trade, or that she is likely to rest conOn the contrary, the signs of
all the more unfortunate that this jealousy keeps alive tent with mere conquest.
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
It is not denied by purposes, of the new regions which directly or indirectly
feeling of uneasiness and distrust.
any one, who is at all competent to judge in the prem- have come under her sway.
and Great Britain have both a
Never before, perhaps, certainly not since the yeara
ises, that Russia
perform in Asia,
great mission
to
and that so which immediately followed the Crimean war have the
enterfar as they have been successful in the accomplish- Russians displayed such a spirit for enterprise
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
By permission of
influence, and, by so much, extended the area of civili- the upper and lower Caucasus.
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 Hue 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 surveyingby 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 a
well-known Professor of Public and International Law connection between this cable and a wire which is to be
markets
policy to
?
NEW
tion,
-
—
—
—
—
In his pamphlet carried to Astrabad a place within easy distance of
entitled
Russia and England in Central Asia," he Teheran. In the other direction, there is to be a railroad
considers the re'ations of the two powers in that .quarter running from Orenburg to Samarcand. Thence to the
of the globe, and eloquently pleads for the necessity of Chinese frontier will be a work of no great difli.
in the University of St.
•'
Petersburg.
—
THE CHRONICLE.
344
[Vol. XXIX.
By
ceding Kuldja, Russia has paved the is evident that as soon as they feel it restricting them
establishment of commercial relations they will try to break through it. It must either be
and
as an earnest of her intentions she very minute in prescribing exactly what they shall and
with China;
arrangements
to establish a permanent con- shall not do, or else must seek the object in another
made
has
If the former, it must be utterly free from
sular service in the Chinese provinces which border on way.
culty.
way
for
the
—
Four agents are contemplated one at
one at Jchugutchuk, one at Kashgar, and
another at Kobic.
It is thus seen, not only that Russia will revolutionize
and bring under subj ection the whole of Central Asia
but that by means of the canal which is to connect the
Euxine and the Caspian, and the railroad which, when
completed, will run from the shores of the Caspian to the
frontier of China, an entirely new pathway of commerce
In these great undertakings we
will be opened up.
cannot but wish Russia success. The west and northwest
of China are but imperfectly known; and it is not
improbable that this tapping of China in this hitherto
untouched spot may not only giv*e a new character to the
whole of interior Asia, but hasten the advance of WestCentral Asia.
Kuldja,
ambiguity, inconsistency, and omission; let there be one
weak spot in the network, and a legal coach-and-six will
soon be driven through.
But when did any similar
making itself tight in every
mesh ? Take in illustration the Reagan bill which passed
the House of Representatives last December. It proposed no supervision, provided no classification, named
no rates; it merely enacted that all carriers of goods by
rail across State lines must treat all customers alike as to
regulative statute succeed in
charges, etc.; that no rebates or drawbacks shall be
allowed ; that shorter distances shall not pay more than
long ones in one continuous carriage
rates
and
classifications, subject to
that schedules of
;
change
at five days'
be kept posted in sight. This was not a
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 aDy jeal- nullified the whole thing.
ousy or any fear of Russian rivalry; for China is large
Take the alternative course of delegating the reguenough and rich enough to need outlets, east, south, lative work, with no more detailed direction than that
notice, shall
—
no discrimination practiced.
and west.
there shall be
RAILROADS AND THE GENERAL GOVERNMENT.
the present California constitution attempts.
Last week
we spoke
briefly of the general principles
involved in the proposition that every troublesome
problem should be taken up by the General Govern-
ment, but did not have room then for discussing, on its
merits, the recent suggestion that the trunk lines prepare a suitable bill for railroad regulation, to be submitted to Congress after criticism by the representative
commercial bodies in the seaboard cities especially
The subject is really the largest and most
interested.
difficult one now awaiting settlement, and we can find
nothing more important for examination than the question whether the Government can dispose of it successfully.
At the outset of the inquiry, it seems a mistake
in the plan that it proposes to leave out the West, for
that section has the political power of the country and
will certainly not submit to have a matter like this
decided by the seaboard cities moreover, if the problem is to remain unsettled until the trunk lines and the
;
representative bodies
who
are to criticise
agreement, even the Darien canal
before that settlement
is
is
it
come
to an
likely to be finished
reached.
This
is
what
It forbids
pooling of earnings, unjust discrimination in rates, and
some other things, and then provides
a board of
for
by popular
transportation com-
three commissioners, chosen for four years
vote and not to be interested in
panies,
who, by a majority vote, shall fix, alter, and
examine books at
publish, all transportation rates; shall
will,
with
the power of courts to issue process and
all
punish contempt;
accounts and hear
shall
all
prescribe a uniform system of
cases of complaint, the Legislature
being also required to confer on the commissioners any
further
power found
necessary.
may be a little
men with such
There
revolt against the idea of clothing three
sweeping and summary powers, but the plan allows no
Commissioners who lack power to execute as
escape.
well as direct, might as well stand by the roadside and
make faces at passing trains as try to frame rate
schedules; the delegation of power must be absolute, or
Even if there were no experience on
it is nonsensical.
the subject,
it
would seem obviously impossible for Con-
without the help of the trunk lines and
the commercial bodies, to frame a bill that shall embrace
every detail and meet every case, leaving nothing for
officers to do but to see it executed; there is no way but
gress, with or
However, let these be viewed as minor difficulties,
and assume that agreement in preparing the bill is to be to set up an autocratic board of managing commissioners,
The objections to having Government who shall make the railroads obey commercial and moral
easily reached.
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 reguany other way, can outweigh them. Yet the burden
it must be admitted, rests upon the advocates
of such supervision. The remedy proposed is unusual,
intrinsically objectionable, heroic, and very questionable
as to its workings in several important respects; hence
in
lating inter-State traffic.
Suppose we have our board of three.
of proof,
they are bound to show, by reasonable probability and
it will be successful and that no milder
They can have no standing in the court of
public opinion unless they are prepared to
prove this; for if government intervention will not accom-
fornia,
be.
a
new
After the constitution was ratified in Caliwas freely charged that the great railroad in-
regulators ?
one can
is
one so long the object of popular fear. But we must
take facts as they are, and does anybody suppose the
railroads to be regulated would keep aloof from the
inference, that
intelligent
It
triumvirate of autocratic managers, in lieu of the old
it
terests of that State
had
secretly aided
it
all
the time,
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
Bearing in mind this, let us examine this more easily than a legislature. There is shrewdness in
objection.
question.
their reasoning, though the charge be untrue. How is
A supervision so satisfactory to the railroads that they
do not
feel it
can be satisfactory to nobody else; but
If
it
possible not to see that
scheme into
effect
any serious attempt
will inevitably pass
to put this
through stages
..
.
October
THE CHRONICLE.
4, 1879.])
345
like these
First, concentrating in Washington all the of merchandise, is not to be compared with the movement o'
lobbying •which has hitherto been scattered in several to-day, when every dollar in the advance of any article means
a veritable dollar in gold.
States, the process being all the easier by reason of the
With careful business men, whose views are not distorted by
:
States where no
ognized
number
large
fact that a
of Congressmen
come from
particular interest in the matter
next, that the railroads will see that
;
have to do
is
to "
manage " two or
that, after
the scheme
probability
is
emasculate
it
once put into law
is
at
the beginning
all
three persons
that the lobbying in
is
;
rec-
they
and and
— aud the
Washington would
—manipulation,
a too constant watching of the •' ticker," the great buoyancy of
the markets is regarded as founded in part upon a good basis,
and a considerable reaction from the depressed prices of 1877
outside
of the commissioners, will be resorted to for relief, in
1878 is believed to be fully warranted by the improved outlook 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
case it should be found practically troublesome. Average men, and certainly the sort of men who usually get
position, would be won over.
If such a representative breaks) on further reports of a partial failure of the crop in
man and expert as Mr. Adams, above temptation, were England and on the continent. The iron trade was one of the
most notable for a large and rapid advance in prices. Gold
in charge, he would content himself with the focalizing
imports at New York during the month amounted to about
of intelligent opinion which he has found the most suc- $27,000,000, with a considerable amount afloat from London
and
cessful in Massachusetts.
The man who has given
the
Paris at the close.
The sales at the Stock Exchange were among the heaviest
problem the most study, and has had the most
experience in regulation of railroads, prefers moral ever known, and the volume of business in railroad stocks and
bonds was immense.
suasion, and says that railroads will not persist in wrong,
The total transactions at the Stock Exchange, compared with
doing after the wrong is demonstrated and public atten- previous months, were
as follows:
tion is fixed upon the act.
June.
July.
August.
September.
The argument that government supervision of railU.8. Govcrnm't bonds $9,413,300 $13,286,200 $12,588,400 $6,890,600
roads would be successful, because supervision of bank2,517,500
1,325,000
719,000
413,800
railroad
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
Nor
interests.
government or
is
there anything in the nature of this
warrant any expectation that this scheme would or could be successful.
The absence of proof is complete, and the presumption
in past experience to
heavily the other way.
is
Except
its
routine
work of
and a few other branches of service
government now does nothing but collect and disburse
its revenues, and there is not one thing which it does
well.
As compared with private enterprise, its inefficiency is pitiable, and was always so, although in a
less degree formerly than now.
Nobody expects it to
do anything economically, sensibly, and well in the
courts, post office,
business sense; how preposterous, then, a proposition
that the least intelligent and really the feeblest force in
the country shall be set to manage the most difficult of
practical
problems.
The
appeals to
is
Objecting
not Hercules at
we
by State
31,256,790
1,202
3,215,995
31,060,140
1,190
3,588,586
23,523,000
33.696,547
946
911
5,237,005
6,973,164
The following summary shows the condition of the New York
House banks, the premium on gold, rate of foreign
exchange, and prices of leading securities and articles of merClearing
chandise, on or about the first of October in each year,
1877 to 1879, inclusive:
STATISTICAL
SUMMARY ON OR ABOUT OCTOBER
1879.
York City Banks—
Loans and discounts
1,
1878.
1877
Ntu>
I
Specie
i
Circulation
Net deposits
i
Legal tenders
8urplus reserve (over 25 p.c.)^
Money, Qold, Exchange
Call loans
.-
ij
—
260,763,700 246,322,500 241,847,800
20,017,400 18,199,600 16,652,300
21,531,900 19,617,800 15,724,400
229,983,000 216,332,000 200,771,200
40,047,700 45,680,700 41,975,500
2,569,350
6,797,300
8,435,000
5®7*
Prime paper
5®6
Gold
100
Silver in London, per oz
51»i«
Prime sterling bills, 60 days. 4 81%-4 82% 4
United States Bonds—
6s, 1891, coupon
6s, currency, 1898
5s, 1881, coupon
4%s, 1891, coupon
4s of 1907, coupon
Railroad Stocks
New York Central & Hud. Riv
Erie (N. Y. L. E. & W.)
Lake Shore & Mich. Southern.
Michigan Central
Chicago Rock Island & Pacific
Illinois Central
Chicago & Northwestern, com.
Chicago Milw. & 8t. Paul, com.
Delaware Lack. & Western
Central of New Jersey
510,8
80%®4 81
105
108*4
122%
119%
103
105 M
106 V,
101%
103%
100%
119
33
95
113%
13%
10318
55
4 81i4®4 82
69
89%
71 %
HSia
139
91%
83%
67%
67%
.
4®7
6®7
4®5%
100%
82%
411s
31%
55%
—
. .
remedy appears
The
authority.
*
and best step in such a remedial source we have
already suggested— requiring publicity of corporate
transactions and uniformity of accounting systems.
Intervention by the Federal Government, on the con-
from
1877 TO 1879.
60is
36
Merchandise
Cotton, Middl'g Uplands. $ lb.
10%
10%
Wool, American XX
33®40
33038
$ fl>.
Iron, Amer. pig, No. 1 $ ton. 29 Oo®30 00 16 50® 18 00 18
Wheat, No. 2 spring.. .$ bush. 1 20i2® 1 22
102® .... 1
1'.).; lli'.j
Corn, Western mixed. .% bush.
53
Pork, mess
$ bbl. 9 50 2)9 75 8 75®8 85 14
to,
are willing to say that no positive
.
.
all.
to us except intelligent action
stocks. .shares
Railroad. Ac.
—
is
and showing the impolicy of,this plan does
not impose on us any obligation to suggest a better plan,
yet
Hank
,
one where private
enterprise gives up, because the concern is of public
importance. The wagoner is appealing anew to Hercules, only the wagoner makes two mistakes this time:
not only is it his part to help himself, but what he
case
Railroad bonds
And % p.
111
123
108%
106%
101*8
11%
63%
59%
102%
71%
38%
36%
47
15%
11%
38®49
50®20 00
32® 1 35
57® 59
10® 14 25
d.
BANK MOVEMENTS AND THE MONEY MARKET.
The city banks showed no great change in their reserve, which
first
kept low throughout, notwithstanding the large imports of
The final payments of banks to the
4 per cent loan were closed up, and the amount of called bond
yet outstanding at the close was $28,971,800.
The money
market worked closely part of the time, and 5@7 per cent was
the ruling rate, without any notable stringency.
specie referred to above.
trary, seems to us a step in the wrong direction,
as well
as involving delay in taking the right one.
FINANCIAL REVIEW OF SEPTEMBER.
N. Y. City Bank Statements.
The month
just passed was remarkable for the development
of an extraordinary activity and buoyancy in both stocks and
Loans and discounts.
Specie
Circulation
Sept.
6.
Sept. 13.
Sept. 20.
Sept. 27.
»257,SSfl,R00 t250,900,400 1250.301.000 J2«i>, 763,700
10,753.800
10.876,000
10,042.000
20,017 400
21.372.S00
2i.noa.soo
21.384,1100
21,531.000
22rt.635.000 22B,572,0OO 228,271.000 220.088,000
.40,OS8,900
40.047,700
30,481,100
42.020.400
3.183,800
2.S80.350
2.064,775
4,9il.V!00
deposits
The volume of transactions and the rise in prices Net
LcKal tenders
were such as to mark the present period as one of the most Surplus reserve
KariRe of call loans.
5 w.1!
5®7
S®8
striking in the history of the New York markets.
,V„ »'.,
The abnor- Itate of prime paper.
5K<i>6
wax
mal excitement and inflation which occurred in 1862-63, when
the Government was issuing millions of paper money, and the
In Government bonds the transactions duiiig September were
price of gold was advancing even more rapidly than
the prices comparatively moderate, although prices were steady and there
merchandise.
.
'
.
..
...
.
.
THE CHRONICLE.
346
[Vol.
was nothing
like weakness in the market.
In railroad bonds
there was a heavy business at very strong prices, and all
classes of bonds were held very firmly. A large business was
done on speculative account in the popular issues of low-priced
bonds at the Stock Exchange.
4%8, 48,
6s
58,
68,
1881, 1881, 1391, 1907, Cur.,
-mi]!. coup. coup. coup. 1898.
68
68,
58,
4%S, 48,
1881, 1881. 1891, 1907, Cur.,
coup. coup. coup. coup. 1898.
•
IB
104% 102% x
1
101%
101%
101%
101%
102% 104% 101%
102% 1011s 101%
102%
4..
5..
6..
7..
8..
21
24
25
8.
104% 102% 104% ib'i%
104% 101%
10
101%
11..
102ia 104% 101%
12 104 Be 102 % 104% 102
13.. 104%
101%
26.. 105
27..
104 %
104 is
14..
15..
102%
102%
102%
102%
102%
102%
105% 102%
105
104%
d- s.
102
CLOSING PRICES OF CONSOLS AND
feci
I 58 of
4s of
of
1881. 1891. 1907.
B
97Ui6 105% 108% 104% 20
971h 6 105% 108 104% 21
9713 16 105% 108% 104% 22
9713,„ 105% 108
105
23
105
97l*l< 105% 108
24
97"i6 105% 108% 104% 25
8
26
97" 16 105% 108% 105
27
1.
2.
3.
4.
5.
•6.
V.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
971 1B
9713,0
i
9713;,,
97H lf
9711,0
9711,,
979, 6
9751,0
97»io
979,0
105% 108 *4
105% 108%
105%] 108%
1053, 108%
105% 108%
105
28
8.
8.
1
9716,6
9715 16
106% 109% 105%
106% 109 105%
x04»4
104% Opening. .. 9711,6
8.
Highest.. 9715,6
105%l 108% 104% Lowest
105% 108% 104% Closing
97i° 16
105%
104% Since Jnn.l
105% IOHI2 101% Higuest
997,6
105% 108% !104% Lowest
95%
.
1(
105%
106%
105%
106%
108% 101%
109% x05%
108 x04%
109
x05i8
105%
106% 101
10931 110
105
,
-September.
Railroads.
J'ly 31. Low.
Albany &8usn'hinna
92
90
Bos. <fcN. Y. Air-L.pf
42
40
& No.
48%
Canada Southern
Central of N. Jersey.
Cues. & Ohio
do
do
Chicago
do
'
45%
58
473 t
54%
6%
6%
13
1st pref.
2<1 pref.
&
88 % x86
Altou
pref. tll5
Chic. Burl. & Quincv.
Chic. Mil. & St. Fata.
High. Aug.30.
92
63
58
60%
54%
7%
48%
*63i
13
-
95
x88
till
xil3% 119%xll3%
64% 61% 70
64%
96% 92% 97% 96
Chic. & Northwest.
74% 72% 80% 75%
do
pref.
99 >3
96
99% 97%
Chic. & Rock Island. xl39% 138% 141% *138%
Chic. St.L. d.N.Ori'ns
11% 11% tl2
do
118
pref.
.
Cbic.8tP.d- Mimiean.
Clev. Col. Can. <& Inil.
Clev. <& Pittsb., guar.
Col. Chic. & IiuLCent.
Del. Lack. <fc West'i-n.
Dubuque & Sioux C..
ErtCfc Pittsburg
Frankfort
& Kokoino
Hanni bal &
do
Harlem
House.
St.
Jo
pref.
A
Tex. Cent..
Illinois Central
Indianap. Cin. & Laf.
Kansas
Pacific
42
52%
100
7%
38
44
7%
62%
*57%
9%
5334
62%
60
60
52
Manhattan
56%
3734
48
40
.
95
95
49
75
56
49%
6%
11%
88
110
77
& Pacific
X
37%
34%
65
64
35%
62
34
37%
35%
90%
88%
95%
93
Stock
Adams
Fargo & Co ...
106%xl03%
47% 45
47% 45
47% x41% 46% x42
.
Coal and Mining.
'aribou Consol. Min..
Consolidation Coal...
(
Cumberland C. & I
lloincstake Mining
LeadvUle Mining
Maryland Coal
Pennsylvania Coal.
.Mariposa
x97 %
97
6%
6
.
.
do
pref.
Standard Cons. Miu'g
Wilkesbarre Coal &
99
6%
*x37%
•2%
-13
•150
39%
2%
38
2%
12%
150
2%
pref.
Ontario Silver Miu'g.
Quicksilver Mining
23%
49%
47
31
69% 62
5
10%
77% x85% x84%
'145
36%
44%
64
67
34%
37% x36
80
80
•40
*13%
*38
x29%
41
14
38
24
12%
51
34
34
6
26
22
•34
42%
*41
38%
2%
13%
•4%
•26%
22
2%
22
.
20%
150% 152
l
4%
*2%
*41
51
45%
*99%
150
3
150
2%
41%
14% *13%
40% *37%
29% 26
3%
I.
15
155
38
96% X94%
42% 46
98% 100
4%
22%
-5
43%
103% 103%
99
46
14
Land & M.
do
100
..
.
24%
59%
19%
21%
61
22
39
x91%
103% 100
United States
Wells,
79% 78
147% *145
40
36%
75%
146
Western Union
Express.
12%
25
44
58%
pref.;
...
12
17
41
31
12%
25%
45%
25%
3%
4%
*3
40%
42
41%
13
38
18
53%.
26
31%
14
51
31
42
50
44%
17%
87%
60%
29%
97%
7
Various.
'anton
Cent. N.J. L'd
t41
<
&
Imp.
"15
Del. & Hudson Canal
Pacific Mail
50
Pullman Palace Car.
Sutro Tunnel Co
15
t89
4%
41
15
42%
14%
87
4
42
15
50
*38
*15
18
88
18
43%
4%
2%
4
*48
*15
4%
59%
28%
97%
3
Prices bid. t Prices asked. ; This stock was sold for the first time
at the N. Y. Stock Exchange September 25; the range here given for
September, therefore, covers five days only.
*
EXCHANGE.
Foreign exchange had little animation, and quotations remained throughout at or near the figures which warranted
shipments of gold to this country. The total receipts of gold
for the month at New York were about $27,000,000.
BANKERS' STERLING EXCHANGE FOR SEPTEMBER, 1879.
70%
61%
10%
69%
60%
10
17%
19
60 days.
Sept.
Demand.
®4-82
4-80%®4-82
2
3 ... 4-80% 34-8-^
4... 4-S0%®4-82
5... 4-80%®4-82
4-83%»4-84
4-83%®4-84
4-83%®4-84
4-83%®4-84
4-83%®4-84
4-83>4®4-84
1
...
...
4-81
12%
*11
6... 4-803i®4-82
97
'96%
7
Sept.
Demand.
60 days.
4-81%®4-82%
18 ... 4-81%®4-82%
19... 4-81%»4-82%
20 ... 4-81%34-82%
17
...
21
22 ...
23 ...
24...
25 ...
26
27...
28
29 ...
30...
8..
4-83%a>4-84%
4-83%®4-84%
4-83%®4-84%
4-83>*3>4-84%
8..
4-81
4-81
4-81
4-81
4-81
4-81
-S4-82
©4-82
@4-84
®4-84
4-83
4-83
®4-82 4-83 ©4-84
4-83%®4-84
110% *108
8.:. 4-80%®4-82
®4-82 4-83 ©4-84
113% 115% 114%
9 ... 4-80%®4-82 4-83%®4-84
wl-82 4-83 ®4-84
64% 71
x67% 10... 4-80%®4-82 4-83%®4-*4
®4-»2 4-83 «4-84
96% Id's 101% 11 ... 4-80%®4-82 4-83i4®4-84
8..
4-81%®4-82
4-83%-S>4-84
75% 84
12...
83%
4-81 ®4-82
4-83 ®4-84
97% 102 xl00% 13 ... 4-81%®4-82 4-83%s4-S4
4-81%3>4-82% 4-83%®4-84%
S..
138% 142% 142% 14
15
20% 19% 15 ... 4-81% 34-82 4-83%S4-84
38% 47% 45% 16... 4-81!2®4-82% 4-83% 04-84% Range 4-80%®4-82L. 4-83 ®4-84%
50% 59% 57%
.
98%
7%
04
14%
11%
55
68 k
6714
82
85
*60%
87%
55
44%
6
pf.
Metropolitan Elev...
Michigan Central
Mo. Kans. & Texas
Mobile & Ohio, ass'd.
Morris & Essex
88%
10
26
31
27
6
Cin. 1st pf.
2d
11%
24%
Sioux City;
27%
21%
54%
.
104
UNITED STATES TREASURY STATEMENT.
:
93
do
9%
27%
20%
54%
11%
16%
40%
'
80%
&
"7%
54%
29%
22%
58%
13%
18%
44%
29% "33% ...... 20% 30
20% 18% 20% 18% 18% 25% 21%
The following statement, from the office of the Treasurer, for
42% 40
43% 40% 40% 55% 53% October 1 was issued this week. It is based upon the actual
156
154% 156
156
156
153
"41% 40%
40
60
41%
59% returns from Assistant Treasurers, depositaries and superintend89% x86
91
xS6% 8534 93% 91%
4
3%
4%
3%
8%
6% ents of mints and assay offices
53% 59% 54% 55
73% 70
LIABILITIES, OCTOBER 1.
"s'i%
Keok. dc Des Moines
do
pref
Laf. Iiloom. d-. Mnn..t
Lake Erie & West i
Lake Shore
60%
Louisville & Nashv.. x53
Mar»tta
38
4S% 55
x98% 100% x98%
11%
24
26%
19%
52%
20
17
9
14
t20
tlO
*15
,
42
54
58
7%
......
160
Low. High. Sept.30.
41%
68
9%
pref.
Atlantic
RAILROAD AND MISCELLANEOUS STOCKS.
The stock market was one 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 particular 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
showed a decided advance over the closing figures of August.
The following table will show the lowest, highest, and closprices of railway and miscellaneous stocks at the New York
: ing
Stock Exchange during the months of August and September:
RANGE OF STOCKS IN AUGUST AND SEPTEMBER.
Burl. Ced. Rap.
&
American District
105% 108% 101%
105% 108% 104%
106% 108% 104%
106 108% 104%
106% 108% 104%
106% 108% 104%
9711,6
9713 16
26%
19%
53%
Francisco.
American
97%
105% 29
105% 30
..
Wabash
TELEGRAPH.
Stock fExch ange clos'd
9711,0
9711,6
97»i6
153
10% 110% 113%
& War
5s of
4s of
of
1881. 1891. 1907.
1
53
100
100
100
24
25
26
t9%
9% 10
tl8%
15
16%
New Jersey
United
4%s
Sob
o**9
o a
Sept.
II
1
1st pref.
&
Ooldd
4%s
.
Tol. Peoria
Union Pacific
SECURITIES AT LONDON IN SEPT.
U. S.
28%
44
157% 163%
17% 16
17%
47% 44% 48
16% 15% 16%
47% 46
49%
pref.
8o.,assd.
No.
C.
pref.
do
do
St.Paul
Open 104% 102>4 i04% 101%
High 105 103 105% 102%
Low. 104% IO214 104% 101%
Clos. 105
103 105% 102%
102
104% 102
Sept.
&T.
Alton
do
102
102%
17.. 104%
18..
23
28%
52%
*xl55
do
8.
10.
. .
3
125
Missouri
Pacific, of
St. L.
2%
120%
W.
.
37% X46 x45
4%
2%
4%
117% 118% 120 X119
121
120% 126 *xl21
23% 23% 34% 32%
45% 45% 60
58%
tl57% 155% 163
162
16% 16% 24% 23%
44% 45
51% 49%
16% 16
20% 19%
47% 47
53% 52%
2
12
tl60
150% 170
170
112
112
113% 110%
120
100
103%
t38
116
tl24% 117
Northern Pacific
do
pf..
Ohio & Mississippi
do
pref.
&
105% 102%
105% 102%
.-
.
pref.
St.L.I.Mt.
St. L. Kans.
8.
29..
30..
do
do
105% 102%
105% 102%
28.
&
N. Y. Lake Erie
St. L.
102 14
10514 102 M
103
Elevated
Pittsb.Pt.W.&C.guar.
Itenssel'rd Saratoga.
Koine Wat.d Ogdens.
8.
..
22
23
3%
. .
New York
September
Low. High. Sept.30
Low. High. Aug.30.
7.....
& Hud. R. 119
N. Y. Cent.
Panama
102%
102%
19..
20..
102 %
2..
3..
J'ly 31.
N.Y.N.H.&Hartf'rd
CLOSING PRICES OF GOVERNMENT SECURITIES IN SEPTEMBER, 1879.
tm
-August.-
Nashv. Chatt. A St. L.
N. Jersey Southern
XXIX
114% 117"
83%
16%
93%
78%
13%
7%
87%
til
86%
17
7%
94
Prtecs bid.
t Prices asked.
J This stock
at the N. Y. Stock Exchange September 25
September, therefore, covers five days only.
6"
42
6
4
110
79%
13%
79%
13%
t7%
8
88
was
;
86%
54%
89%
1
I
34
34%
Fund
41
28%
95%
63%
91%
62%
47
9
44
Post-office
8%
7%
114% iio%
90
89%
21% 20%
12
94%
for redemption of certificates of deposit,
{g 72
"
93%
sold for the first time
the range here given for
Juno
8,
Department account
balances
Fund for redemption of notes of national banks "failed,"
"in liquidation," and "reducing circulation"
Undistributed assets of failed national banks
Five per cent fund for redemption of national bank
..................... ....----.---•-••HOtPS
Fund for redemption of national bank gold notes
Currency and minor-coin redemption account
Fractional silver-coin redemption account
...y^..^
Interest account
Interest account, Paciilc Railroads and L. & P. Canal
Disbursing
officers'
f*Q
_.
agent for paying interest on D. C. bonds.
Treasurer's transfer checks outstanding
Treasurer U.
8.',
$31,215,000 00
2,135,872 74
25,784,259 60
12,939,889 75
642,314 33
iO«i'" — ,-4 ** — .'J
219,910 00
-S'o§2
9?>
10
2 ..i
10J./97 75
1
.
'-!
<_
6,2/0 00
293,435 54.
3,719,032 11
.
October
4,
.
$11,501,093
31,038,519
14,910,900
4,221,850
3.088,900
144,205,079
due and unpaid
Called bonds and Interest
Coin ecrtillcatcs
Silver certificates
Refunding
. ..
.
THE CHRONICLE.
1879.]
Treasurer's general account—
Interest
—
.
certificates
Balance, Including bullion fund
34T
Curkknt Liabilities—
Interest due and uupald
Debt on which interest has ceased.
77
65
00
00
00
74
Interest
t
$4,189,523
29,074,720
1,358,799
19,132,750
31,215,000
149,207,886
hereon
Gold aud silver certificates.
U. 8. notes held for redemption of certificates of deposit
Cash balance available October 1, 1879
,
$209,621,343 10
Total
$301,946,418 07
A88ETS,
OCTOBER
$169,000 995
31 .559 870
16,814 308
Gold coin and bullion
Standard silver dollars
Fractional silver coin
67.
Interest on District of
PAYJIFIC RAILWAY COMPANIES.
1NTEKEBT PAYABLE BV THE UNITED STATES.
certificates
700
Columbia bonds
and interest
is
the
SEPT.,
..
Kansas Pacitlo
Union Pacific
..
izing Act.
6s,
Feb.
Oregon War- Mar.
July
Mar.
July
4 1-jsof 1891.... July
4* of 1907
July
es of 1881
6s of 1881
5s of 1881
1880 j.&j.
8,
2,
1881
1831
1881
1881
1891
1907
17,
3,
14,
14,
14,
187y.
Aggregate of interest-hearing debt.
The
Coupon.
$1,119,968,200 $659,310,550
$3,688,900
14,000,000
4s, refund's ctfs. Feb. 26,'79
3s, navy pens, f 'd July 23,'68
denominations, of each issue of bonds are as follows*
(fl) Coupon. $1,000; registered, $1,000, $5,000 and $10,000.
(i) $50,
and
$500.
$100
(e) Coupon, $50, $100, $500 and $1,000
registered;
same, and also $5,000 and $10,000.
On the above issues of bonds there is a total of $4,129,523 of interest
over-due and not yet called for. The total current accrued interest to
date is $16,943,182,
;
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
|
There is a total of over-due debt yet outstanding, which has never
been presented tor 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 1802, $400,100; do 1864,
$71,450; do 1865. $125,500; do 1865, new, $957,250: do 1867V
$7,031,800; do 1808, $2,624,100; 10-408 of 1864, $17,153,600.
IMPORTS AND EXPORTS FOR AUGUST,
Legal-tender notes
Certificates of deposit
Authorizing Act.
Amount.
July 17, '01; Feb. 12, '62
Feb. 25, '62 July 11, '62 Mar. 3/63
$61,410
346,681,016
31,215,000
15,747,503
14,910.900
4,221,850
;
June
;
8, '72
Fractional currency.. July 17,'62: Mar. 3, '63 June 30,'G4
;
Gold
certificates
Silver certificates.....
March
3, '63
February 28, '78
Aggregate of debt bearing no interest
Unclaimed Pacific Railroad interest
Outstanding.
Refunding
certificates.
Total interest-bearing debt
$1,796,967,650
Debt on irhich int.has ceas'd since mal'rity
29,674,720
Debt bearing no interest
Old demand and legal-tender notes.
346,742,426
Certificates of deposit
31,215,000
Fractional currency
15,747,503
Gold and silver- certificates
19,132,750
—
Total debt bearing no interest
Unclaimed
Corpus Christi, Texas.
Detroit,
Pacific Railroad interest
Huron, Mich
Key West. Fla
Miami, O...
Milwaukee, Wis
Minnesota, Minn
New Haven, Conn
New Orleans, La
New York, N. Y
Y
Me
Philadelphia, Pa
Portland, etc., Me
Passamaquoddv,
Richmond, Va
Texas
San Francisco, Cal
Savannah, Ga
Vermont, Vt
Baluria,
1879...
1879...
Decrease of debt during the past month
Decrease of debt since June 30, 1879
4.325
82.250
270,331
30,434,158
203,608
64,371
252,111
41,547
2,125,376
95,291
346
$2,553
40,708
196,071
3,210
2,494
7,747
78,406
267
264,751
3,280
18,150
68
1,579
8,573
5,344
" 1,466
3,407,150
31,929
36
314,059
107,357
25,443
$57,913,992 $42,819,371
$687,355
491,570
All other districts
1
Below are the imports and exports of the United States for
the month ended 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.
[Corrected to September 29, 1879.1
MERCHANDISE.
For the
of
the 8 For the 12
months end- months ended Aug. 31. ed Aug. 31.
For
$57,918,992 $444,698,625 $701 729,56-1
7,015.30
11, 272.1 83
687,355
$8,606,847 $451,713,989 $Ti3 001,752
Total
45:.,
311.254.93
868)336
42,819,371
9j
Imports
Excess of exports over imports $15,786,976 $140,459,050 $257,133316
Excess of imports over exports
1879.— Exports— Domestic
Foreign
.
...
1
Exports —Domestic ..
Foreign .
$58,153,959 $466,255,882 $705, 953,746
If 668,715
9,548,428
1,088.000
$09,1942,619 $4757804,310 $72 o; 622,461
Total
36,954,681 287,199,086 130, 713,120
Imports
r09,341
Excess of exports over imports $22,287,938 $188,065,224
Excess of imports over exports
1878.-
.
$21,132,705
1,358,799
GOLD AND SILVER (COIN AND BULLION).
1879.— Exports -Domestic
Foreign
9,577
Total
$2,239,480,049
Total debt, principal and interest, to date, including
interest due not presented for payment
Total cash in Treasury
1,
1,
.
Mich
Niagara, N. Y
Oregon, Oreg
Oswegatchie, N.
Oswego, N. Y
$857,241
3,450,178
217,176
221,321
14,880
197,022
9,509
81,907
4,565
160,537
71,564
71,492
44,766
2,137
7,344
$7,177,151
4,302.0 10
84,886
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
5,101,627
40,524
196,103
14,538
3,127,444
50,864
82,184
Galveston, Texas
$412,837,679
_
Debt, less cash in Treasury, Oct.
Debt, less cash in Treasury, Sept.
Baltimore, Md
Boston, &c* Mass
Brazos, etc., Texas
Buffalo. Creek, N. Y
Capo Vincent, N. Y
(liamplain, N. Y
Charleston, S. C
Chicago, nis
Foreign
Exports.
Imports.
Exports.
August
$283,681,350
508,440,350
250,000,000
737,157,050
3,688,900
14,000,000
Navy pension fund
Domestic
Districts.
month
Interest.
districts,
and exported from th»
United States during the month of August, 1879:
$412,837,679
9,577
RECAPITULATION.
Amount
Interest-bearing debt—
Bonds at 6 per cent
Bonds at 5 per cent
Bonds at 4^ per cent.
Bonds at 4 per cent
a statement showing, by customs
is
1879.
Statistics.]
the values of merchandise imported into
Total
DEBT BEARING NO INTEREST.
Character of Issue.
all
;
Mobile, Ala
$1,790,967,650
sizes, or
Old demand notes
$12,848,480 $30,863,969
The following
$3,874,000
945,000
134,624.000
54,697,350
56,555,650
18,444,350
275,245.400 233,194,050
166,139,750
83,800,250
472,862,400 264,294,050
Q.-M
* 13,712,4 50
bonds are
[Prepared by the Bureau of
14,541,000
j.&j.
j.&j.
j.&j.
Q.-F.
$64,623,512
Pacific Railroad
Customs
Registered.
6s of 1880
i.eoo.ooo
1,970,500
1,628,320
& Pac.
I
Amount Oustanding.
S3
$17,240,126
4,616,613
issued under the acts of July 1,
they are registered bonds In the denominations
1862, and July 2, 180
of $1.(100, $5,000 and $10,1100; bear 6 per cent interest in currency
payable January 1 and July 1, and mature 30 years from their date.
official
s-8
Author-
Issue.
B.
$2,903,701 $14,336,421
2,370,080
2,246.532
7,398,380 11,022,700
73.1 13
1,092,005
9,307
1,185,947
93,804
979,695
Total
The
by U.
18,42 1,087
1,165,808
1,195,314
1,073,500
Pacific.
Sioux City
INTEREST-BEARING DEBT.
Character of
$25,885,120
6,303,000
27,236,512
Central Br., U. P.
Western
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:
following
Central Pacific
Interest
Italance of
repaid by
Interest paid
transportat'u
by U. S.
Interest paid
outstanding.
Issue.
$301,940,448 07
THE DEBT STATEMENT FOR
Amount
Character of
400
1 ,975, 00O
170, 619
22 ,355
507
516
690 ,848
24 ,119
45 ,312
Paclflo Railroads, sinking fund
The
$234,778.679
BONDS ISSUED TO THE
3,045, 130
48.173, 254
4,137, 001
183 ,610
94. ,470
17,341, 224
,173
1,913, 834
unavailable funds
Refunding
the Treasury
'
I
National hank notes
National bank gold notes
Fractional currenoy
ih posits held by national bank depositaries
Nickel and minor coin
...
New York and Sau Francisco exchange.
One and two-year notes, Ac
Redeemed certificates of deposit, June 8, 1872..
Quarterly interest chocks and coin coupons paid
Registered and unclaimed interest paid
U. 8. bonds and interest
Deficits,
in
4 5 5 7 ,501
Silver bullion
Gold ce rt Ilea cm
Silver ee.rlilleales
United Slates notes
i
$234,778,679
Available Assets—
Cash
1.
$22,501,082
1,261,981,131
234,773,679
!2,027,202,452
2,029,700,204
$2,503,751
4.803
.
.
.1
$1,347,946
$14,702,870
.1
-184,394
5,101 ,993
$1,832,340
7.753,647
$19,304,863
18,141,838
$1,603,025
Total
Imports
Excess of exports over imports
BxMBSOf imports over exports
1878.— Exports— Domestic
....
Foreign
Total
Imports
Excess of exports over imports
Excess of imports over exports
$~
5,921,307
$13,208,739
7,099,681
$25,30,3,420
26.309,681
941,261
$929,112 $15,995,521 $22,665,699
7.215,208
5,306,122
438,006
$1,307,778 $21,301,643 $29,880,967
30,194.423
20.099.900
1,007,090
$601,7431 $.
$300,088
313.456
..
..
—
..
.
:
THE CHRONICLE.
318
TOTAL MERCHANDISE AND SPECIE.
For the
month of
August.
1879.—Exports— Domestic
the
8 For the 12
months end- months end-
For
ed Aug. 31.
ed Aug. 31.
$59,266,938 $459,401,495 $719,998,303
Foreign .
18,371,869
1,171,749
12,117,357
$60,43S,6S7 $471,518,852 $738,370,172
Total
Imports
50,573,018 329,396,77^ 482,178,017
Excess of exports oyer Imports $9.s6.-i,6wi $142,122,075 $256,192,155
Excess of imports over exports
.
reserve to liabilities has increased from 58 30 per cent to 59-13
The following are the present quotations for money:
Per cent. Open-market rates—
Per cent.
Bank rate
2
l-u-n ..
4 months' bank bills
Open-market rates
6 months' bank bills
13t®l 7a
30 and 60 days' bills
igtn
4 & 6 months' trade bills. 2 •« 2 hi
per cent.
$59,083,071 $482,251,403 $728,019,445
21,883,983
1,527,326
14,854,550
Total
$60,610,397 $497,105,953 $750,503,128
Imports
38,021,771 307,898,986 461,107,543
Excess of exports over imports $22,588,626 $189,206,967 $239,395,885
Excess of imports over exports
Foreign
.
..
.
ptoraefcm* I Wommtvcitil %vlqUsU ^tws
Tg®l
3 months' •lis....
bills
.
1878.— Exports—Domestic
[Vol. XXIX.
The
by the joint-stock banks and
discount houses for deposits are as follows
Percent.
r
.
..
,
Joint-stock
i.,
banks
rates of interest allowed
:
.
Discount houses at call
do
with 7 and 14 days' notice of withdrawal
is
\
Business on 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.
United States Government securities have been firm. The
receipts of railways in the United Kingdom for the week
ended 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 sterling 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.
traffic
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDONSEPTEMBER
On-
Time.
Amsterdam
Amsterdam
Antwerp
Short.
19.
Rate.
EXCHANGE ON LONDON.
Latest
Date.
12-2H ®12-3H 8ept. 18
12-4
®12-4ia
25-52i«®25-57 1s Sept.' 18
Paris
Short. 25-32»i®25-42ia Sept. 18
Paris
3mos. 25-45 ®25-50
Hamburg
20-62 ®20-66
Sept. 18
Berlin
20-63 ©20-67
Frankfort
20-62 • 20-66
St.Petcrsb'rg
243sa>24i3
Sept. 18
Vienna
11-971*312-02 % Sept. 18
Madrid
46ia®46=8
Cadiz
463i®46'?8
28-72i«»28-77i9 Sept. 18
Milan
Genoa
28-72ia»28-77i3
Naples
28-72ia®28-77ia
Bombay .... 30 days
Is. 7U l6 d.
Sept. 18
Calcutta .... Dem'd. Is. 7is 16d.-i 81 M Sept. 18
Lisbon
5179 ®52i8
90 days
New York...
Sept. 19
::
Rate.
Short.
2510
Short.
25-39
25-321*
mils.
. .
.
Time.
Cheq.'s.
Short.
.i
.
Constan'ple..
3mos.
(i
3mos.
pt
h
6mos.
60days
3
20-48
20-48
20-48
25,9
117-80
47-30
28-25
28-25
2825
Is. 8i 18 d.
Is. 8ii 6 d.
4-81H)
11105.
Alexandria..
Hong Kong
6mos.
Shanghai
I
From our own
correspondent.)
LoNDoir, Saturday, September 20, 1879.
Very
little
The following are the ourrent
of importance has transpired either in mercantile
or financial circles during the week. There has been a remarkable 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 the condition of trade can be regarded as healthy
and satisfactory. The depression existing amongst agriculturalists, 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 manufacturing industries suffer from a restricted export, as well as home
trade. The improvement in iron is fairly maintained; but most
rates of discount at the prin-
cipal foreign centres:
Bank
Open
Bank
Open
rate.
Pr. ct.
market.
rate.
market
Pr. ct.
Pr. ot.
Pr. ct.
5i«
Paris
Brussels
2
lBsaiTg
2H
2ie®23l9
Amsterdam
3
3
2 7s®3ie
4
Berlin
Hamburg
Frankfort
Leipzig
Genoa
Geneva
Annexed
4
4
2%®3
2%®3
4
3
4
®3i*
4
2ifl
2i*
Petersburg ...
Vienna A Trieste.
Madrid, Cadis &
Barcelona
Lisbon & Oporto.
Calcutta
5
St.
Copenhagen
New York
4
4
5
6
3 i*®4
3\9i
05
®6
3VS4
6 ®7
4
5
a statement showing the present position of the
Bank rate of discount, the price of consols, the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers' Clearing House Return, compare^ with the
three previous years
Bank
is
of England, the
1879.
bank post
1878.
£
Circulation, including
1877.
£
£
1876.
£
28,374,894 26,988.199 27,874,874 28,144,078
Public deposits
5,601,485
4,583.836
4,879,243
6,591,284
Other deposits
31,550,540 20,330,055 22,224,951 28.284,981
Governm't securities. 16,336,224 13,754,031 14,121,093 15,229,155
Other securities
17,248,167 17,981.957 19,684,015 16,015,085
Res've of notes & coin 22,124,165 11,788,005 11,899,404 22,246,069
Coin and bullion In
both departments
35,220,075 23,485,825 24,432,679 35,017,529
bills
. .
Proportion of reserve
Bankrate
2
6311
9519
43-36
3 p. c.
95=8
45s. Od.
59s. Od.
lU.jil.
<; '.id.
lOd.
lO^d.
lOifld.
97,952,000 99,583,000
92,429,000
5
p. 0.
97ia
Consols
Eng. wheat, av. price.
47s. lid.
Mid. Upland cotton. .
65sd.
No. 40 mule twist
913d.
Clearing-House return 94,602,000
The
46-77
59-13
to liabilities
p'.
c.
2
p. 0.
96i9
46s. lid.
6!8d.
home-grown wheat having been upon a very
and the progress of the harvest being very slow,
the trade for wheat has been firm during the week, and prices
have experienced a rise of about 2s. per 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
other branches of trade are decidedly quiet. The two most countries have not a surplus large enough to meet the deficencouraging features are the improvement in our trade with 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 an aggregate want of 37/£ million quarters. The estimated
prime parcels, which enables discounters to negotiate them on surpluses, after repeated revision, up to the beginning of this
easy terms. The quotation for three months' bills is only % to month, are now set down as under United States and Canada,
1 per cent. The week's Bank statement is very favorable, and 24 million quarters; Russia, five millions; Turkey, Egypt,
clearly indicates that money is likely to remain cheap.
"Other India, and Australia, three millions; and Algeria, 200,000 quarsecurities" have fallen off, but only to a slight extent, and the ters; together, 32,200,000, which is 5,050,000 quarters less than
deliveries of
limited scale,
:
—
:
total reserve, arising out of a diminution in the note circulation and an increase in the supply of bullion, has been
is
required for ordinary consumption."
With regard to the above estimates, it is well known that, as
augmented by £653,830. The present supply of bullion now far as we are concerned, we shall require a larger foreign supamounts to £ 35,220,075, against £23,485,825; while the reserve ply than in any previous season, but, on the other hand, a large
is £22,124,165, against £11,788,005 in 1878.
The proportion of quantity of wheat has been grown elsewhere, and it is still the
—
.
.
October
4,
THE CHRONICLE.
1879.1
349
opinion among the 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
The weather during the week has been quite autumnal rose to 119,600 tons.
tries.
and seasonable; but it has not been strictly harvest weather,
BnKllDb Market Kepori.- 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:
London Money and Stock Market.—The bullion in the Bank
land is very discouraging.
During the week ended September 13 the sales of home-grown of England has decreased £266,000 during the week.
Sat.
Mon. Tues.
Wed. Thnra.
wheat in the 150 principal markets of England and Wales
Fit.
Sept.
Sept.
Sept.
Oct.
Oct
Oct.
amounted to only 13,645 quarters, against 52,591 quarters last
27.
29.
30.
1.
2.
3.
d. 51»i 6
51»ig
51»,g
5l» I6
51»,«
51»i«
year; and it is estimated that in the whole kingdom they were Sllver.peroz
Consols for money
97i3i a 97i» 14 97"i« 97is,« 98'i«
87»*i«
9713,« 9715,« 97i»i« 9716, „ osii.
nearly 55,000 quarters, against 210,500 quarters in 1878. Consols for account
9715,«
U.S. 5s of 1881
106>4
106>*
lOG^
106»s
106>a
During the first three weeks of the season the sales in the 150 U. 8. 4»asof 1891
108% 109«e 109
109
109
loo's
10.',i<
101% 105>8 105»9 105
105ie
principal markets were 47,974 quarters, against 141, 45» quarters; U.8.4sofl907
Erie, common stook
33%
34»g
36%
30M
335s
37%
:i\'nnd it is computed that in the whole kingdom they were 192,- Illinois Central
95
95
95
9413
94>a
Pennsylvania
"9
44
44%
44%
44%
000 quarters against 565,800 quarters in the corresponding Philadelphia* Reading. 20
20%
20%
20%
20°a
22
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 quantiLiverjiool Breadstuff* Market.
ties of wheat and flour were placed upon the British markets
Sat.
Mon.
Tues.
Wed. Thura.
Frl.
».
d.
$.
d.
1.
d.
1.
d.
$.
d.
1.
d.
in the first three weeks of the present and three previous
Flour(ex. State) ijJ bbl.. 27
27
27. 6
27 6 27 6 28 6
Wheat,8pr'g,No.2,1001b. 9 9
seasons:
10
10
10
10
10 2
lcW
:
—
1879.
Imports ofwheat.cwt. 4,829,577
Imports of flour
512,000
Bales
of
1878.
3,149,708
1877.
2,727.593
318,337
285,536
1876.
2,336,340
228,591
2,451,800
1,826,500
2.665,500
home-grown
produce
831,600
Spring, No. 3...
Winter, West.,n.
Southern, new .
Av.Cal. white..
"
"
"
"
10
10
9
10
California club.
"
Corn, mix. West. ycent'l 5
,
Total
Deduet
exports
wheat and flour
6,173,177
5,919,845
4,839,629
5,230,434
113,250
165,454
108,371
61,352
Result,
6,059,927
Av'ge price of English
wheat
for the season.
43s. Od.
5,754,391
4,731,258
5,169,032
45s. Id.
60s. 6d.
46s. 6d.
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
Wheat
Barley
Oats
Peas
Beans
Indian corn.
Flour
Wheat
Barley
Oats
Peas
Beans
Indian corn
Flour
1879.
cwt. 4,829.577
1877.
2,727,593
579,290
573,910
140,685
118,783
1,447,193
2,310,326
512,000
318,337
EXPOETS.
1879.
1878.
cwt.
99,835
158,591
814
4,746
368,223
1,009,760
38,162
436,704
668,040
29,271
103,302
872
569
8,147
1,471
145,506
13,115
1,094
1876..
285,536
2,336,340
375.875
810,571
63,061
337,879
3,105,523
228,594
1877.
105,652
1,942
6,703
1876.
56,456
1,007
2,315
314,399
1,452,152
312
630
815
258
391
9,263
«,330
14,651
2,719
43,120
4,896
10
10
10
11
8
3
10 3
O
11
5
5
5
6
d.
d.
$.
10 6
10 8
s.
d.
47
30 6
1
5
31
31
6
—
s.
<p
9
Thurs.
d.
d.
1.
47
31
32
48
31 6
32 6
34 6
47
34 6
7%»
9
46
Than.
Wed.
d.
d.
d.
d.
gal.6 78» • 6%a6 7s 6 Ts» ..
Pet'leiun, spirits " .. -a .... a .. ..
....
.
10 6
10 8
10 3
11
4%
Wed.
Tues.
47
30
33 3 33 6
50
50
London Petroleum Market.
Sat.
Mon.
Tues.
Pet'leum, ref
1878.
3,149,708
Mon.
Sat.
».
Pork, West. mesa.. tfbbl.47
Bacon, long clear, owt.. 30
"
Short clear
31
Beef, pr. mess, V tierce
Lard, prime West. 9owt.33 3
Cheese, Am. choice " 50
:
IMPOSTS.
10 6
10 8
10 2
11
5*8 5 5%
3
6
11
6
10 9
10 11
10 5
'
11
1
4%
r
,
Market.—
Liverpool Provisions
of
—
d.
..
..
..
..
d.
31
32
6
6
34 6
46
FrL
d.
9
®
(Tom mere till an tlBXisceUa neons
Frl.
1.
50 O
..
-7
..
G%<»7
l\ ems.
—
Imports amd Exports for thk Week. The imports of last
week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $7,896,318, against $7,374,749 the preceding week and $7,179,688 two weeks previous. The exports
for the week ended Sept. 30 amoanted to $8,126,960, against
$8,840,466 last week and $7,627,576 the previous week. The
following are the imports at New York for the week ending
(for dry goods) Sept. 25 and for the week ending (for general
merchandise) Sept. 26:
The Prime Minister presided at the annual meeting of the
Buckingham farmers at Aylesbury on Thursday. Complaint is
made that although he spoke fully upon agricultural topics, and
FOREIGN IMPOSTS AT NEW TOBK FOB 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
$1,432,003
$1,614,700
$2,155,488
affairs in Afghanistan.
Probably, Lord Beaconsfield did not
regard the meeting as political, and as he made a long speech
much in favor of the present system of agriculture, his hearers
can scarcely have been disappointed in not hearing anything of
Afghan politics. Besides which, the subject is not an agreeable one to the Premier just now, and the Government may not
yet have decided upon the course they shall pursue when the
Afghans have been chastised for their treachery.
The failure has been announced of Messrs. L. Stevenson &
Sons, Australian merchants, with liabilities estimated at £300,000. The firm was founded about 1834, and has acted as
middlemen between the larger Manchester warehousemen and
the Australian up-country stores. Large quantities of goods
have, it appears, been locked up in the Melbourne warehouses,
and the difficulty of selling these, together with a tight money
market, has brought about the suspension.
The returns of the French Iron Trade for the first half of the
present year 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 391,468 tons,
as against 408,801 in 1878, showing a diminution of 17,333 tons.
Steel, however, has increased from 139,622 in 1878 to 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 lessening.
The use of charcoal Lsmore and more giving way
to that of
General mdse...
4,092,740
3,766,477
4,035,680
5,740,830
Total week
$5,499,261
Prev. reported.. 215,371,028
$5,198,485
244,202,057
$5,650,380
209,063,198
$7,896,318
232,057,804
Tot. s'ce Jan. 1.. $220,870,289 $219,400,542 $214,713,878
$239,954,122
The following
a statement of the exports (exclusive of
specie) from the port of New York to. foreign ports for the
week ending Sept. 30:
is
EXPOBTS FBOM
1876.
$5,550,475
Prev. reported.. 192,029,194
For the week....
NEW TOBK FOB TnE WEEK.
1877.
$6,775,621
202,785,532
1878.
$7,064,816
254,379.589
1879.
$8,126,960
243,746,947
Tot. s'ce Jan. 1.. $197,579,669 $209,561,156 $261,444,105 $251,873,907
of
The following will show the exports of specie from the port
New York for the week ending Sept. 27, 1879. and also a
comparison of the total since January 1, 1879, with the corresponding totals for several previous years:
Sept.
23— Str.
Pereire
24—Brig Curacoa
Havre
Am.
Curacoa
Am.
Paris
Liverpool
Liverpool
(fractional)
Fr. silver coin.
Eng. sil. shill'gs
Mcx. silv. dols.
Mex. silv. dols.
silver bars
(con 'g $300 g.)
silv. coin
.
25—Str. Herder
26—Str. C. of Chester
26—Str. Celtic
27—Str. Rhein
London
Am.
silv.
bars.
$6,800
800
5,100
1,000
13,682
30,684
40,000
$107,066
Total for the week ($106,766 silver, and $300 gold)
Previously reported ($10,381,867 silv., aud $2,052,038 gold) 12,433,905
.
and $2,052,338 gold).$12,540,971
Same time in
Same time in—
$50,032,216
1871
$ir,356.687 1870
26.923.036
42.377,859 1869
1873
66.386,537
60.076.209 1868
1872
42,449,212
56.202,229 1867
1871
Tot. since Jan.1,'79 ($10,488,633 silv.,
Same time in—
1878
1877
1876
1875
$10,605,072
23.562.319
40.392,129
63,444,417
—
—
—
.:...
.
.
..
THE CHRONIC }LE.
350
The imports
been
.
of specie at this port for the same periods hare
as follows:
Greenbacks—
On deposit
retire notes
$3,813,675
Deposited from June 20, 1874, to date, to retire national
Bremen
22— Str. Rheln
22—Str. Ailsa
Am.
Carthagena and
22—Str.
429
571
736
Foreign silver.
Foreign gold...
Gold dust
Vera Cruz.. Vera Cruz
C. of
$414
silver
10,882
17,532
148,534
201,627
9,733
618,045
20,318
.Am. silver
.
Am. gold
Foreign silver.
Foreign gold...
22—Str. Celtic
22—Str. Bermuda
22—Schr. Impulse
23—Str. Amerique
23—Str. Westphalia
Liverpool.
.Am. gold.
Hamilton.
Foreign gold...
.Foreign gold...
without re-issue
On
Havre
Hamburg
. .
.
.Foreign gold...
Aspluwall
.Am.
267,678
4,814
silver
Foreign silver.
Foreign gold...
Gold dust
Alps
Kingston.
Silver bars
..Am. silver
Havana
.Foreign gold...
1,280
4,506
9,950
1,265
50,076
13,437
Foreign gold...
25— Str. Saratoga
Santiago
Santiago de Cuba. .Am. silver
Am. gold
Foreign silver.
26—Str. C. of Rio de Jan'o.St. Thomas.
26—Str. C. of Brussels
Liverpool
.Am.
Hamburg
243,225,
484,216
351,500
-Am. gold
Foreign gold.
Total for the week ($219,256 silver, and $7,487,950 gold) .. ..$7,707,206
Previously reported ($6,066,187 silv., and $25,949,325 gold). 32,015,512
Tot. since Jan. 1,'79 ($6 ,285,443
Same time in—
silv.,
and $33,437,275
Same time in
1878
1877
1874
1873
1872
1871
$15,387,207
11,695,686
1876.....
4,958,667
1875
9,544,809
g'd). $39,722,718
Same time in—
$4,867,565
6,124,429
4,974,009
8,256,415
$8,259,754
14,565,429
6,002,744
2,614,984
1870
1869
1868
1867
1879,
1,
States and
Territories.
N. Hampshire
Vermont
Massachusetts
Rhode
Island.
Connecticut
.
New York
New Jersey...
Pennsylvania
Maryland ....
Hist. Columbia
Virginia
West Virginia.
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:
Georgia
Mississippi
Balances.
Payments.
2,232,056
1,511,266
644,534
6,351,824
732,052
1,903,896
"
27
73
72
93
11
77
3,110,733
4,857,975
2,882,585
4,146,210
4,276,376
3,128,709
94
32
74
24
32
53
Currency.
Coin.
141,586,842
141,393,357
141,562,948
141,619,628
141,410,440
141,474,379
50 25,732,445 72
26 21,579,222 37
14 20,171,580 14
34 22,320,514 63
27 18,985,468 49
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
Bonds held as
security for
July 31.
Aug. 31.
Sept. 30.
for circulation deposited. ..$12,690,750 $9,310,050 $6,395,000
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 Becurity for deposits 14,527,400 14,747,000 14,567,000
XT. S.
National Banks.—
Bonds
Bonds
—
Legal-Tender Notes.
Deposited iu Treasury under act
of June 20, 1874
1,787,850
259,700
457,500
Total now on deposit, including
liquidating banks
13,305,357 13,037,038 13,183,321
Total entered under act of Jan. 14,
1875
35,318,984 35,318,984 35,318,984
Total amount of greenbacks outstanding
346,681,016 346,681,016 346,681,016
National Bank Circulation—
New circulation issued
955,430
1,628,130
3,912,120
Circulation retired
688,890
774,720
431,147
Total notes outstanding
Currency. 328,490,737 329,344,147 332,825,120
Gold
1,467,500
1,448,840
1,447,120
Notes ree'vd for redem'n from
New York
3,300,000
2,062,000
1,158,000
Boston
3,300,000
2,286,000
1,256,000
Philadelphia
287,000
236,000
262,000
Miscellaneous
2,300,000
1,731,000
1,847,000
Total
The
$9,187,000
$6,315,000
$4,523,000
a statement of the Comptroller of the Currency, 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:
following
is
National Bank. Notes
—
Dg Wlle A
June 20, 1874,_was passed .... $349,894,182
T
?l2* to
June
20, 1874,
Jan. 14, 1875
Bedeemed and retired between same dates.
2J767I232
8t
P„"*
„ .?°!iJ
Issued
from
™
.
.
Increase from June 20, 1874, to January 14, 1875.
.
1,967,268
Outstanding January 14, 1875
$351,861,450
Bedeem'd and retired from Jan. 14,'75, to date $77,774,408
Sun-ended between same dates
11,291,432
.'
Total redeemed and surrendered
Issued between same dates
Decrease from January 14, 1875, to date
Outststanding at date
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
....
Minnesota
13,375,631 53 22,402,591 03
Total
$89,065,8 10
70,029,510
$1 9,036,330
$332,825,120
,
Clrenlat'n
issued B'ce
To retire
June 20, Redempt'n
Circulat'n
of Notes of
1874.
- under Act
deposit
Total
Deposits.
$
$
1,461,180
504,865
1,645,310
15,552,085
1,030,200
2,316,400
18,408,275
1,675,165
8,786,470
173,275
852,310
455,500
719,500
63,370
1,172,660
56,500
439,450
45,000
207,000
600,000
317,000
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,vi.-)ll 21,334,248
151,660 1,517,280 1,668,910
1,100,311 6,156,986 7,257,297
$
166,600
407,664
908,369
731,060
128,200
1,012,585
287,725
953,380
437,675
1,846,380
427,500
880,510
270,000
1.812,980
835,164
1,788,879
1,001,060
1,140,785
953,380
725,400
1,284,110
116,100
144,000
3,575,700
534,800
596,260
2,391,230
2,796,080
1,972,495
1,589,390
608,730
1,272,400
1,017,800
Kansas
Nebraska
138.6(H)
Colorado
455,400
72,800
62,100
135,000
72,000
297,000
Utah
Montana
Washington
67,500
..
645,750
10,000
with U. S.
Treasurer
at date.
$
234,131
43,599
145,480
562,211
81,702
308,861
2,199,305
363.091
1,018,695
113,925
32,796
295,731
125,325
217,456
38,705
97,690
94,500
94,500
673
366
2,099,250
2,74o,db'6
229,3-10
249,638
2,115
8,672
406,165
119,381
779,904
1,097,174
1,709,488
988,523
455,235
344,752
467,834
293,161
270,591
10,609
2,108
29,877
21,232
47,120
. .
Louisiana
Receipts.
latter date.
Legal-Tender Notes Deposited to
Retire National Bank CirculaLegal Tention since June 2C 1874.
Liquidat
of J'ne20,
ing Banks
1874.
N'rth Carolina
The
1..
2..
3..
$35,318,984
346.681,016
and amount remaining on deposit at
Additional
14,080
9,465
7,020
silver
old..
.
to Oct.
200
Am. gold
.
26—Str. Neckar
Oct.
$13,183,321
Retired under Act of January 14, 1875
Outstanding at date
919
490
554
Am. gold
29..
30..
80,541,640
deposit at date
Statement of the Comptroller of the Currency, showing by
States
the amount of National Bank circulation issued, and the
800
Foreign
.Foreign gold... 3,138,18* amount of Legal-Tender notes deposited in the United States
1,«32,340
.Foreign gold..
240,935 Treasury to retire National Bank circulation, from June 20, 1874,
Gold oars
24—Str. Acapulco
JJept. 27..
$93,724,961
silver.
Liverpool
25—Str.
89,911,286
Total deposits
Circulation redeemed by Treasurer between same dates,
1,455
.Am. silver
Belize
24— Str. Abyssinia
25— Str.
banknotes
As-
pin-wall
"
Treasury June 20, 1874, to
and liquidating banks
in the
of insolvent
Sept.
*
[Vol. XXIX.
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
144,000
1,441,933
533,859
3,607,410
3,005,222
5,488,483
6,377,746
2,114,995
878,439
1,554,955
1,316,445
190,550
188,080
239,340
144,000
2,071,800
814,760
4,605,920
4,488,541
6,624,080
7,998,680
2,479,495
1,505,299
2,366,624
1,736,546
972,271
233,080
135,083
161,191
72,300
149,400
196,800
45,000
284,483
357,991
117,300
'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.
United States Coupons Destroyed. The press dispatches
from Washington Sept. 30 state that a person in Illinois recently
applied to the Secretary of the Treasury for the redemption of five
coupons of United States bonds, representing several thousand
dollars.
The applicant alleged that for safe keeping he had
placed the coupons in a tin box and deposited them in a stovepipe; that a fire was built in the stove and the coupons were
destroyed. The ashes, however, were retained in the box and
The
were presented with the application for redemption.
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 authorizing the redemption of called bonds, where clear and
Totals
*
—
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
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
bondholders for $860,500. The terras were
first mortgage
$20,000 cash, and the rest in three, six and nine months. The
purchase
the road on behalf of the bondholders
committee to
included Messrs. Wm. T. Walters, B. F. Newcomer and Thomas
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 genThe
eral commission business in stocks, bonds, &c, and cotton.
members comprising the new house will be Mr. H. Tileston and
Mr.
Cornelius
Felpartners,
and
J. Davis Tileston as general
lowes as special partner. This firm, like its predecessor, will no
doubt command a large patronage.
—
—
I
,,
.
October
1979.
4,
THE CHRONICLE.
|
NATIONAL BANKS OROANIZRD.
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.
dent; Lewis Benedict, Cashier.
business Sept. 27, 1879.
Charles B. Benedict, PresiAuthorized to commence
DIVIDENDS.
The following dividonds have reoently boon announced
Namo of Company.
Per
When
Cent.
Payable.
351
from some other holder for investment. The First National
Hank and the Bank of Commerce, of New York, on Sept. 30
closed up their accounts with the Treasury for their subscriptions to the 4 per cent bonds, by forwarding to the Treasurer of
the United States a check for the balance due -$3,610,000
This
finally closed the refunding operations of the Government until
excepting
the
matter
of
1881,
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.
'Ihe 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 $076,050, for which an equal
amount of four per cent bonds is retained in the Department
;
:
Books Closed.
(Days Inclusive.)
unsold.
Railroads.
Bost. Clint'n Fitch.
&.
Frankfort & Kokomo
Housatonlc prof, (quar.)
Nashville Chattanooga <fc
Nashua & Rochester
Wayne
Pittsb. Ft.
&.
Chic. (quar.).
do
do
special
Sioux City & Pacific pref
Vermont
$2
St. Louis
(quar.).
1*
1*
His
3
Massachusetts
<&
lia
li«
Banks.
Closing prices at the N. Y. Board have been as follows:
15
Oct.
Oct.
Oot.
N. Bed.pref.
15. Oct.
15. Oct.
Oot.
Oot.
Oot.
Oct.
Oct.
Oot.
7 to Oct. 15
to
Oct.
6s,
Os,
6s,
20.
1.
10. Oct.
Oct.
North River
2 to
Oct.
8
10. Oct.
Oct.
FRIDAY, OCT.
3,
4 to
1870-5
Oct.
9
P. OT.
The money Market and
Financial Situation. The presthe Stock Exchange the " maddest, mer-
week has been at
week of all the current
riest "
year.
'Ihe excitement at the
Stock Board beggars description, and some days of the week
have shown the largest daily volume of business ever known
since the sessions were limited to 3 P. M.
There is little positively new in regard to the situation of stocks, except as to the coal
combination, and that bears so directly upon the prices of the
coal-road stocks, that it would at any time have been a
sufficient reason for a large advance in those prices, even
it
come
at a
1881
1881
1881
4%», 1891
4%g. 1891
Is, 1907
Is, 1907
•is,
5s,
7.
Insurance.
had
&
&
4
1880
1880
1881
5s,
Gallatin National
ent
Interest Sept.
Periods.
27.
15
4.
1.
1.
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 Kailroad, and to-day an 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
the new coal compact. Those who have seen the agreement
declare that the terms are so favorable that the Lehigh interest
cannot 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."
most significant fact is that the Philadelphia & Beading,
reg. J.
J.
coup. J.
J.
reg. J.
J.
coup. J. <fe J.
reg. Q.-Fcb.
coup. Q.-Fob.
reg. Cj.-Mar.
coup. Q.-Mar.
reg. Q.-Jau.
coup. i,i. .I.in.
Sept.
'103% •104
•103% •104
105% 105%
•105 '105%
Sept.
30.
Oot.
Oct,
Oct
1.
2.
3.
104
104
104
104
104
'104
104
104
105% 105% 105
105%
•105% '105
105
105%
103
1031s 103% X01*4 I01»a 102
103 •103 •103
102*4 103%, '103%
•1053s •105% 105% 1053s ios%l -.05%
105 "a 109% 105% 105% 105%j*105%
101=8 10134 101% •IOIOr .101%! 101%
102 13 102% 10234 .\0l% 102% 101%
•12134 "12134 121
-121
121
121
•12134 •1213. 121
121%*121
121
'122
'121
121
•1217s '121S4 121
•12134-12134 122 M •122%* 122
121
*121V»121*J 122% 123 l'122% 121
1895. .reg. J. & J.
1896. .reg. J. & J.
1897.. reg. J. & J.
1898.. reg. 3. & J.
1899. .reg. J. & J.
• This is the price bid
no sale was made at the Itoarti.
The range in prices since January 1, 1879, and the amount
of each class of bonds outstanding Oot. 1, 1879, were as
cur'cy,
cur'cy,
our'oy,
lis, cur'cy,
0s, cur'cy,
(is,
(is,
(is,
:
follows:
Range
since Jan.
Lowest.
1880-1. .cp. 103%
1881....cp. 101%
1891..cp. 104
4s, 1907.... cp.
99
(is,
5s,
4
'as,
Us, our'ncy.reg.
1,
1879.
Highest.
Amount
Oct.
Aug. 2ii 107% June 23 $205,720,650
Aug. 27 107% Jan. 15 275,245,400
Mch. 21 108 May 21 166,139,750
Apr.
119% Jan.
103% May
1
4 128
May
21
31
1879.
1,
Coupon.
Registered.
472,Sii2.IOO
$77,015,700
233,191,950
83,860,250
261,294,650
04,623.512
Closing prices of securities in London for three weeks past
the range since Jan. 1, 1879, were as follows:
Sept. Sept.
26.
Oct.
3.
Range sinco Jan.
Lowest.
1,
and
1879.
Highest.
105% 106% 106% 105 July 10! 1093* Jan. 4
108% 10834 l09%!lO6%Mch. 24; 110 May 2
104% 10134 105% 101 Mch. 26 105% May 22
state and Ballroad Bonds.
n State bonds there have been
A
few transactions except some sales of the lowest priced North
Lehigh Valley, and Delaware Lackawanna & Western Riilroad Carolina and other Southern bonds purely on speculation. The
Companies this afternoon issued circulars advancing their prices South Carolina bond decision does not clear up the condition of
of coal 25 cents per ton, with the warning of other advances affairs in regard to the bonds of that State, and much confusion
to follow.
Another advance has been made on the East bound must yet exist as to the status of different issues.
freights from Cuicago, the following
In railroad bonds the transactions in Erie 2d consolidated have
announcement being
made Thursday by Albert Fink, chairman of the joint executive been on an en >rmous scale and the advance has been large, the
" The joint execu- bonds following the course of the stock. The other speculative
committee of the trunk lines of railroads
tive committee have voted in favor of an advance in East-bound bonds have also been active, and with all classes of bonds, sound
rates to the basis of 35 cents grain, 40 cents fourth-clsss, and 50 or unsound, the tendency is still towards higher figures.
cents for hogs, from Chicago to New York, to take place Oct. 13."
Messrs A. H. Muller & Son sold the following at auction:
U.S. 5s of 1981...
U. S. 4%s of 1891.
U.S. 4s of 1907...
1
—
:
thus appears that the railroad officers are doing all in their
to fortify the position of their stocks, and in this regard
the situation is far different from the former periods when wrangling and cutting in rates were 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 operators are, for the time being, all on the bull side.
The money market has been growing in stringency all the
week, and culminates at full 7 per cent, 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 5i<a6| per cent.
The Bank of England on Thursday showed a decline in specie
for the week of £206,000, 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 $2,334,301) in the excess ah ore 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 com parison with the two preceding years.
It
power
Shares.
5,000 Harrington Min'g To.,
Shares.
5 Del. & Hudson Canal
Mining District,
Co., $100 each
50
Mono County, Cal.,
60 Gondola Raft Co., $50
for
each, for
$3,000
$100
18,500 Niagara Gold <fc Silver
Mining Co., Gold Hill,
Bonds.
Storey County, Nev.,
$1,500 N. Y. City 5s, gold,
tor
due 1928
107%
$5,000
25 People's Fire Ins. Co.,
1,000 Jersey City 7s, im$50 each
provement, due 1392. 96%
114
20 Kutgors Fire Ins. Co.,
1,000 Jersey City 7s. im$^5 each
177
provement, due 1894. 95%
6 Importers' & Traders'
2,000 Jersey City 7s, imIns. Co., $50 each
provemeut, duo 1892. 96%
101
Closing prices of leading State bonds for two weeks past, and
the range since Jan. 1, 1879, have been as follows:
Boilie
Sept.
26.
States.
Oct.
3.
Range
since Jan. 1, 1879.
Lowest.
Highest.
39% 36 July 24 69 Jan.
•106 103% Mch. 5 10734 June 10
•23% •23
18 Feb. 8 25% June 14
•39
•106
Louisiana consols
Missouri 6s, '89 or '90
North Carolina 6s, old
Tennessee 6s, old
Virginia 6s, consol
•30
•31
30 Aug. 20
•82% •83
7334 June 20
•31
37 Sept. 25
do
2d series.
•84
District of Columbia 3-65s... •84
79% Jan. 3
• This is the price bid
uo sale was made at the Board.
do
42 Feb. 13
73 34 June 20
44 Mcb. 28
88% May 23
;
1879.
Sept. 27.
Differ'ncos fr'm
previous week.
1878.
1877.
Sept. 28.
Sept. 29.
Loans and dis. S2CO.763.700 Inc .$1,372,700 $216,3*2,500 $241,847,800
Specie
Circulation
20.017.40.0 Ine
75,400
21.531.900 Iuo
1 17,000
229.9x3,000 Inc. 1,712.000
40,047,700 Deo. 1,981,700
.
..
Net deposits
.
.
Legal tenders.
18.199.ii0O
19.617,800
216,332.000
45,680,700
16.652,300
15,724,400
200,771,200
41,975,500
United States Bonds—The market for Government bonds
has shown more activity and strength than for many weeks previously.
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
hanks to use as deposit for new circulation. There is no new
supply to feed the market, and each bond taken off has to come
Kallroad and miscellaneous stocks.
— The
stock
market
has this week outstripped all previous weeks of the present year
in the general activity, excitement, and buoyancy in prices.
The
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 the
preferred stock and second consolidated bonds went up in sympathy therewith. The contract for a coal combination was executed 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, out the reports from Philadelphia indicated a belief that the Lehigh Valley interest would
;
'
..
.
..
.
.
.
and the companies also advanced their circular prices in
Another advance in East-bound freights has also
York.
been made, and it looks as if the trunk line managers had determined to put up the rates, if they can, to a point that will enable
the poorest of the trunk Hues 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
$ 2OC.00O in cash on indebtedness contracted prior to the present
administration, which makes the total reduction on the indebtedness of the company, since the 28th of May last, nearly $500,000.
The daily highest and lowest orices have been as follows:
1 to latest date.-^
,
,
Atch.Top.
&
XXIX.
[Vol.
—Latest
earnings reported. — ^-Jan.
or Mo.
1879.
1878.
1879.
in,
New
—
>
.
THE CHRONICLE.
352
come
:
Week
1878.
F.3dwkSept. $150,000 $114,000 $1,162,018 $2,012,330
Atl.&Gt. West... August
423,803 369,701
AtlautieMiss.&O. August
9«*i.0O.-.
134,955 155,012
1,044,263
Bur. C. Rail. & X. 3d wk Sept.
35.614
38,074
9.88.300 1,093,208
Burl. AMo.R.ln N.July
104,069
79,688
966,757
614,769
S.
.
Cairo & 8t.Louis 1st wk Sept
8,069
5,047
164,268
154,432
Central Pacific
August. ...1,552,000 1,726,667 10,349,408 11,094,474
CUes. & Ohio
..August.... 215,695
189,053 1,201,886
1,229,928
'
Chicago 4 Alton. 4tJTwkSep. 165.758 112,473 3,946,417 3,444,271
.
.
.
Chic. Burl. &Q... July .. ..".
Chio. & East. 111. 3d wk Sept.
Chic. Mil. & St. P.4thwkSep.
Chic.& Northwest August
. .
.
993,823
21,717
332,000
.1,347,000
24;64l
8,334
14,529
Chic. St. P.&Min.3dwkSept.
Clev. Mt. V. &
2d wk Sept.
D
.
.
Dakota Southern. July
Denv.S.P'k& Pac. August
Dubutnie&8.City.3dwk8ept.
Frank. &Kokomo. July
Gal.Har.&S. Au.July
946,427 7,504,062 7,364,218
21,700
181,779 0,557,000 6,102,316
1,206,460 9,613,529 9,487,936
18^337
732,427
023,121
8,496
265.494
257,846
19,194
118,328
124,301
399,887
22,324
577,650
670,376
3,088
22,953
19,003
'
91,204
23,314
4,580
98,580
*3,877
Gal. Houst.&H.. August....
37,317
35,859
281,330
230,250
Chic.M.A St.P.
pref.
do
GrauilTrunk.Wk.end. Scp.20 197,244 182,624 6,141,893 6,249,143
Chic. 4 N. W.
Gr't Western. Wk.end. Sep.26
98,692
98,454 3,115,289 3,355,017
pref.
do
Hanuibal&8t.Jo.3dwkBept.
44,647
53.630 1,239,567 1,355.969
Chic. R. I. & P.
Houst. & Tex. C. August.... 232,122
190,237 1,621,644 1,375,997
Chic.8t.l'.&M.
Uliuoi8Cen.(Ill.)..August....
474,661
572,827
3,436,682 3,602,145
Clev. C. C. A I.
do
Col.Chic.A l.C.
(Iowa).. August.... 104,677
103,062
883,648 1,009,300
Bel. A H.Canal
Tnt.&Gt.North..3dwkSept.
45,218
37,253 1,025,185
896,073
Del.Lack.A W.
Kan.C.St.J.A C.B.July
135,467
98,916
Han. A St. Jo..
KausasPaciflc....4thwk
J'ly 117,363
93,476
2,365,235
1.739.159
do
pref
Mo.Kans.&Tex..3dwk8ept.
89,170
81,557 2,062,731 2,008,772
Illinois Cent...
Mobile* Ohio.... August.... 104,000 114,979 1,060,673 1,146,589
Kansas Pacific
Nashv.Ch.&St.L.August.... 142,182 129,859 1,113,658 1,061.535
Lake Shore..
Louisv.&Nash
N.Y.L.Erie&W..June
1,230,419 1,258,988 7,664,792 7,131,666
Mich. Central
Pad.&Eliiabetht.lstwkSept
6,238
215,050
6,510
190,352
Mo. Kans. A T.
Pad.&Memphis..2dwk8ept.
2,524
1,808
106,456
135,974
Mor. & Essex..
Pennsylvania .. .August ....2,982,718 2,972,601 21,179,684 19,961,272
N.Y.C.AH.H.
Pliila. AErie
August.... 275,907 262,073 1,871.010 1,737,806
N.Y.L.B.AW.
pref.
do
Phila. & Reading. August
.1 ,462,280 1,402,792
9,460,469 8,000,937
Northern Pac.
St.L.A.&T.H.(brs)3dwk8ept.
15,090
12,472
367,025
336,550
pref.
do
St.L. Iron Mt. &8.3dwk Sept. 166,504
124,354
3,129,920 2,832,781
Ohio A Miss..
6t.L.K.C.&No..2dwkAug.
56,739
76,841 1,801,493 1,887,735
Pacific Mail....
St. L. &8an Fran. 3d wk Sept.
953,799
827,009
44,000
28,400
Panama.
St.L AI.M.asod
St.L.&8.E.-St.L..3dwk8ept.
499,930
453,893
20,786
17,156
St.L.K.C.AN
St. Paul A S. City July
332,833
47,622
47,720
349,775
do
pref.
SciotoValley
August....
29,005
29,082
202,816
174,573
St.L.* S.Fran.
Sioux
City
207,232
27,519
188,063
<fe St.P. July
28,325
do
pref.
450,337
Southern Minn... August....
29,153
354,527
38,807
do 1st prf.
Tol.Peoria.fc War .3dwk8ept.
862,272
920,829
30,792
36,234
Sutro Tunnel
Union Pacific.
Union Pacific.... 26dys8ep.l,106,661 1,000,980
Wabash
Wabash
3dwkSept. 134,361 123,927 3,314,532 3,535,179
West. Un. Tel
Exchange. The drawers of sterling bills report the rates
" These are the prices bid and asked: no sale was made at the Board,
about steady, and to-day the leading bankers ask 4.82 and 4.84,
t Sales were also made, ex-div., at 67*s®08%.
Total sales this week, and the range in prices for 1878 and while the actual rates on business are about 4.81@4.81J on 60
days, and 4.83@4.83± on demand.
since Jan. 1, 1879, were as follows:
In domestic bills the following were the rates of exchange
Range for on New York to-day at the undermentioned cities Savannah
Sales of
Prices since Jan. 1, 1879.
1878.
Week.
buying £ off, selling J off Charleston, scarce, buying | discount,
Shares.
Lowest.
Highest.
Low. High. selling
commercial J@5-16 discount, bank j
J; New Orleans
1-10 discount
Chicago 75gC0c. discount;
St. Louis
45ia discount
Canada Southern
9,751
45 M Jan.
70 H Sept. 30 38
Central of N. J
100,480 33*2 Jan.
66 Oct. 3 13%' 4514 Boston, 40c. discount.
Chicago & Alton
684 75 Mch,
97 Sept. 15 6634| 85
The quotations for foreign exchange are as follows
Chic. Burl.dc Quincy
122^4 Feb. 19 99% 11434
2,149 llliS Jan.
Chic. Mil. & St. r ... 149,505
71 !4 Oct.
3 27% 54*8 j
343s Jan.
Demand.
October 3.
60 days.
do pref.
8434
do
5,563 74 3» Jan.
101% Sept. 25 64
4.83i4®4.84
Chicago & Northw.
102,880 49=8 Jan.
85 Oct. 2 32ia 55% Prime bankers' sterling bills on London. 4.81 24.82
4.8234®4.83i4
do
do pref.
13,019 76% Jan.
102 Sept. 17 5934 79ifl Good bankers' and prime commercial.. 4.8034®4.81
Chic. Rock Isl.A Pac,
585 119 Jan.
142>4Sept.24 98% 122
4.80 ®4.80% 4.82 ®4.82%
Good commercial
4.81i23>4.82
Chic. St. P.& Minn.*.
4.79i2®4.80
2,400 21 May
47Hi8ept. 6
38i4 Documentary commercial
Clev. Col. Cin. & Ind,
59=8 Sept. 29 23
10,570 34% Jan.
5.25%a5.24% 5.23»4®5.22%
Paris (francs)
Col. Chic.& Ind. Cent
19,590
14HSept.26
2% 6% Antwerp (francs)
5 Jan.
5.2334 ®5.22%
5.2614*5.25
Del. & Hudson Canal
56,613 38 Jan.
66 % Oct. 3 34% 59% Swiss (francs)
5.22%®5.21%
5.25 85.2334
Del. Lack. & Western 278,705
43 Jan.
75 Oct, 2 41
61% Amsterdam (guilders)
39*8® 40
39%® 39*8
Hannibal & St. Jo
16*8 Hamburg (reichmarks)
16,575
13*4 Jan.
26% Oct. 3 10
94%® 91*g
94 ® 94 14
do
do pref. 21,200 34 Jan.
55M Sept, 29 21% 41% Frankfort (reichmarks)
94%® 91's
94 ® 94»4
Dlinois Central
2,920 79 M Mch. 26 93ia 8ept.il 72% 87
91%® 91*8
94 ® 94%
Bremen (reichmarks)
Kansas Pacific
5,900
9% Jan. 21 731a Sept. 15 4 12% Berlin (reichmarks)
91%® 94*8
94 ® 94 14
Lake Shore
113,355 67 Jan.
95=8 Sept. 30 55*8 71%
The following are quotations in gold for various coins
Louisville & Nash v.
21,595 35 Feb.
39
70% May 12 35
99 3i® —par.
Michigan Central
Dimes & % dimes.
40,939 73% Jan.
Sovereigns
$4 82 ®$4 85
90 >a Oct. 2 58 la 75
99
—par.
99%®
Missouri Kau. & Tex. 118,920
Silver 148
%s and %s.
21 8 Oct. 2
3 80 ® 3 85
2
7% Napoleons
53s Jan.
95
92 ®
Morris & Essex
Five francs
20,615 75% Jan.
96 Oct. 3 67%' 89
X X Reichmarks. 4 72 ® 4 78 Fivefrancs
87 ® — 88%
Mexican dollars..
N. Y. Cent. & Hud.R
3 90 ® 4 00
357 112 Mch. 24 121% June 11 103% 115
X Guilders
4 75 ® 4 83
English silver
N.Y. Lake E.& West 706,212 21% Jan. 4 38 Oct. 3
22 13 Span'hDoubloons.15 55 ®15 70
7%
70
68 ®
do pref
Prus. silv. thalers.
40,120 37 % Jan. 2 63% Oct. 3 21i2 38
Hfex. Doubloons.. 15 45 ®15 65
— 99%
99*
99%a
Northern Pacific t
7,298 16 Aug. 9 24% Sept. 19
Fine silver bars .. 111%® 112% Trade dollars
par.
par.®i4prem. New silver dollars
99
99%®
do
pref.t
5,447 44 >4 Aug. 30 51% Sept. 19
Finegoldbars
Ohio & Mississippi...
52,832
Boston UaukM. I'bo tollowing are the totals of the Boston
7% Jan. 4 2034 Oct. 3 6S4 11%
Pacific Mail
109,740 103s Jan.
33 Oct. 3 12ia 23'e banks for a series of weeks past:
Panama
648 123 Jan.
170 Sept. 30 112 131
Specie.
L. Tenders. Deposits. Circulation. Agg.Clear.
Loans.
St. L. I. Mt. & South.
16,943 13 Jan.
45% Sept. 20 5
15%
i
I
St. L. K. C. & North
10,325
7 Jan.
25% Sept. 23 31a 7% June 2. 129,489,000 3,563,400 3.886,700 •43,895,000 26,437,800 44,033,22V
20.509.000
51,329,031
do
pref.
26ia
14,850 25>3 Jan.
3,948,500
4,168,200 •44,391,200
61 Sept. 23 19
129,973,500
0.
•'
49,413,570
26,704,100
4,165,500 •43,997,000
3,559,400
130,510,500
St. L. A S. Francisco.
lia
16..
3,443
22 Sept. 22
3% Jan.
4%
45,176,053
28,675,100
"
•43,606,400
3,557,700
4,118,400
130,903.000
83..
do
pref.
lia
4*8 Jan.
8,420
23 % Sept. 22
5%
47,775,068
26,578,300
" 30.. 130,583,300
4,433,500 •44,795,300
3,547,400
do
19ia Sept. 22
1st pref.
5.622
9% Jan.
51a 11% July 7.
51,738,637
26,040,000
3,585,200
4,717,100 •45,382,100
131.824 .800
Sutro Tunnel
4*8 Mch. 17
3ia
14,420
5
23s Jan.
" 14.. 129,931,700 3,620,400 5,433,900 •45,858,600 26,915,300 47,886,118
Union Pacific
49.241,607
35,871
26,538,700
57% Jan. 31 87 Oct. 2 61% 73
" 21.. 128.H0B.500
3,590,900
5,390,800 •47,007,900
43.383,417
26,572,500
Wabash
" 28.
3,572,600
5,386,300 •46,772,700
50,710 17% Mch. 13 44% 8ept. 30 12% 23*8
127,896,500
43,253.354
26,635.200
Western Union Tel
70,781 88% Aug. 4 116 June 11 75 % 102
Aug.^L 128,035,500 3.567,500 5,354.200 •46,638,600
43,818,373
26,700.600
5,643,000 •46,854,900
3,561,200
129,133,000
* Range here given is from May 5.
48,193.104
26,749,800
t Range from July 30.
"
5,159,100 •46.808,800
i;«),5<s,ioo
3,490,300
18.
51,820,024
26,832,100
"
3,474,900
4,777,000 »44,409,300
131,174,200
25.
Total sales of the week in leading stocks were as follows.
44,612,5:8
26,981,400
4,375.200 »42,945,600
3,531,200
129,447,200
Canntia South.
Cent, of N. J..
Chic. & Alton.
Chic. Bur. 4 6.
. .
.
'
.
—
:
;
—
;
—
—
;
:
I
.
. .
.
—
—
—
—
—
—
—
.
—
;
—
—
;
.
Sept.
Central
of N. J.
Sept. 27.
" 29.
30.
Oct.
1.
26.330
29,320
17,350
16,700
44,200
32,580
2.
3.
Mo. K. IN. Y. L. Lake
West. & Texas E. &W. Shore.
St.
North-
Paul.
west.
9,835
15,895
31,825
22,600
24,670
44,680
25,025 29,207
28,850 29,278
22,950 45,440
28,025 31,840
22,880 90,050
35,150 52,230
Del. L.
&
7.100110,675
8,745,170.000
48,850 84,875
29,950 83,070
13,800,108,898
10,475 142,694
7,035
21,480
30,525
10,790
14,860
28,665
Total .
160,480 149,505 162,880 278,705 118,920 700,212 113,355
Whole stock 175,400 154,042 149.886 524.0001 214.050l780.000l494.fle5
"
•
1.
15.'
number
of shares of stock outstanding is given in the
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the gross earnings 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 mentioned in the second column.
total
3,304.200
3,347.600
3.267,100
3,271,400
4,182,000
4,180,900
4,034,000
4,379,300
'43,340,700
•43,853,300
*43.664.300
•44,524,800
27.117,800
27,197,500
27,3;o.yoo
27,545.100
47.305,866
44,932,820
48,392.118
lfi,BG&8M
other than Government and hanks, less Clearing House checks.
Philadelphia Hauka, The totals of the Philadelphia
—
are as follows
"
30
"14
"
21
"
11
"
18
"
2*
Sept. 1
"
"
"
15
22
29
....
....
....
....
....
....
....
....
...
....
....
....
....
....
....
61.810,186
61.740,307
82,221,490
62,171,993
61,974,527
61,415,448
61,932,961
62,740,441
62 688,249
62,972,906
62,784.728
62,880.264
62.749.828
02.550.W8
62,639.044
15,883,014
15,811,615
15,790.181
16.205,151
16,533,493
16.307,446
17,405,816
17.390,893
17,590,102
17,011.709
16.308,517
16,539,218
16,569,557
16,614,554
17.377.438
17.500.784
1
50.721,250
49,713,483
50,309,722
11,424.901
11,397.218
11,888,108
51,878,9:16
1 1 ,3»8.:«ni
11, 400,1 W>
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
banks
Circulation. Ag«. Clear.
Loans. Lawful Money Deposits.
I
.
The
127.747,900
127.793,200
128,748.000
126.027,300
,
11,483.816
11.415,745
11,406,477
11,437.610
11,488,100
11,430.589
11.445.171
11,500,647
11,510.820
11,568.656
11,788,858
38.804,535
37.579,238
34.442,141
37,789,094
34,090,465
37.197,358
34,940,697
35,745,324
35,792,049
32,011,855
31.318,858
30.002.487
33.978.324
35.100.893
38.264.123
38.081 ,70f>
—
..
OCTOBKH
.
City
3
......
..
.
Banks. — The
.
week
:
Average amount of
Loans and
Le«al
^ther" ClrculaTend.Ts. than u# g.
tlon.
Specie.
discounts.
fHdlUMtPHIl,
SBCURITIKS.
Bid.
III
Manchester * Lawrence. ...
Kit
NsshuaftLowell
31
New York * New England...
Northern of New Hampshire 85* 87
120
Norwich* Worcester
'17
ogiteusu. * L. Champlaln ... 16V
59* 60
pref
do
Mechanics'
Union
America
Phoenix
City
Tradesmen's..
Fulton
Chemical
Merch'nts' Kxch.
0.V1.2IXI
827.800
300,000
300,000
200,000
000,000
534,71X1
281,41X1
2.0U4.0IX)
1.505,81X1
473,900
898.700
179,900
:<imi,ihmi
soo.ooo
2,013.1100
5,(KK),000
18,887,000
13,020.400
5,12
3,417,800
2.100,500
500,000
3,IXXI,000
OOO.IKKI
Nassau
Market
1,000,000
Nicholas
Shoe & Leather..
500,000
500,000
1,000,000
rxxi.ooo
Importers'
&
1,000,01x1
soo.ooo
400,000
1,500,000
2,000,000
500,000
Tr..
Park
Mech. Bkg. Ass'n
225 000
240,000
250,000
Grocers'.
North River
East River
Manuf'rs* Mer..
Fourth National.
Central Nat
Second Natlon'l.
loo.ooo
3.200,000
2,01X1.00(1
300,000
Ninth National..
750.1XX)
First National..
500,000
Third National
N. Y. Nat. Exch..
l.ooo.ooo
.
787,200
337,100
114.100
200,000
154,200
387,700
138.000
340,900
920.000
850,100
2,738,100
874,800
300,000
250.000
100,000
750.000
300,000
Bowery National
N. York County..
Germ'n Americ'n
Chase National
370.1100
3(X1,600
3.1U8.000
1,427,500
1,501,400
5,070,700
2.507.500
12,578,000
1,583,700
2.000.100
2.322.800
1,804,000
3.213.000
3. 7 17.200
4.810,200
1.429.000
2.431,200
16,170,400
12,730.200
654,500
725.700
814.SO0
784.000
625,1HX)
137,900
257,000
103,700
17.800
17,000
24,800
288.000
102,400
5,400
21,100
19.200
1.006.800
1,018,900
44,800
6.400
31,700
82.500
1.000
1.121,800
150,000
220.000
324.000
1.499.300
925,000
00,200
31,"00
11.700
130,800
104,400
305,000
15.888.000
8,143,000
2.143,000
4.063.000
U.880.000
6.898.500
1.190.900
1,350.800
1. 110.800
1.999.700
2,383,700
198.000
2,700
4T2,:xxi
37,700
390.700
445,000
872,800
403,01X5
223.300
187.000
5,400
897.31X1
4:12,800
2.632.1XX)
305.000
844.400
2,229.01X1
243.7. X)
285.000
253,200
484,300
317,000
570,000
3.900
384.200
450,01X1
450,000
4.700
780,300
342.01X)
1,137,800
241,000
694.1XXI
857.000
3.148.600
2,928,200
60.000
141,700
127.100
08,300
86.000
2.838.400
l.ooo.ooo
1,097.3<X)
533,300
309,300
162.000
880,000
782,000
989.100
959,500
155.600
310.000
307,700
195,600
470.WXI
May
May
May
May
May
I..
8..
15..
21..
1..
8..
15..
22..
29..
5..
12..
19..
26..
3.
10..
17.
24.
31.
Aug.
Aug.
Aug.
Aug.
5.
12.
19.
.
26.
t.
9.
.
16.
23.
30.
Sept. 6.
Sept. 13.
Sept. 20.
Hept. 27.
17,931,300
16,456,500
16,945,200
17,312,400
18,803,700
18,446,800
18,305,000
18.903,900
18.875,600
231,(KX!,(XX) 18,228,100
239,357,800 18,516,200
242,941,600 18,745,600
253.838,500 18,763,900
257,636,500 18.802,400
257,272,800 18.785.400
258,382,700 18,996,700
258,291,000 18,780,900
255.901.600 19.296.1XX)
253,575.500 19,666.400
257,082,500 19.889.800
262.951,900 19.971,500
262,719,800 20.011,700
260,582,600 19.927,600
267.280,100 19,852,400
272,936,000 19,624.100
274,311,000 19,553,200
263,570,100 19,031.100
258.160,300 19,684,700
257,386,800 19,753.800
256.960,400 19.876,900
259 391 000 19.942.000
280,763,700 'io.'ol7.'4IX3
ftPOTATIONS IN
45,377,000
42,651,800
40,593,800
39,173,400
36,972.600
34,208,900
31,815,800
36.145,400
40,072,100
45,224,500
49,440,500
53,576,700
49,150,900
43,284,900
41,791,400
42.822,800
44.S51.900
43,859,400
BOSTON.
Maine 6s
New Hampshire
1(1,232,400
501,321,27(1
19,230,000
19,335,200
19,290,900
19,512,100
400,417,429
418,882,788
399,872,657
461,180.657
423.259,559
487,843,450
503,108,030
546,798,625
581,290,770
598,238,201
19,6.'jf>,5<x>
19.090,100
19,721,200
19,707,800
10,683,100
19.688,000
19,885.400
19,858,600
19,809,400
19,977,800
204,514,2(X)
214,331 ,700
224,937,200
230.424,700
227.iM5.6IX)
529,996,9:16
439.7oO.S95
472,828.088
227.316,700 20,050,8(X) 450,084,041
22(1.177.000 20,158,200 456,961.901
46,1X12,800 220,113.600 20,371.300 432,735,690
49,544,800 236.007,300 20.542.900 432,526,468
51,301,900 241,328,800 20,5CX),IXXI 391,835,789
50,508,900 240,154,800 20,531,01X1 481,691,657
54.288,100 243.383.000 20.540.5IX) 494,794,747
57.055.KX) 254.770,700 20,594,800 491.715,201
50,4:i5,5O0 253,230,2<X) 20,882,100 560,030,583
43,974,000 248,474,600 20.7111,500 605.012,052
41,838.000 235,953,9(X) 20,827.51X1 482.888,309
41,279.300 228.817,400 20.942,500 476,563.861
40,088,900 226,635.600 21,372,300 452.S45.J65
89,481,100 225.572.900 21,003.500 507.100,348
42,029.400 228,271.000 21 ,384,900 530.921 ,366
40,'(')47.'7('i6
gai'lossloix'i 21,531.900 591,859.560
Bid. Ask.
225,754,000
226,1X13,300
AM
0T1IER CITIES.
SKOURITIRS.
flartfordft Erie 7s.
Kui.city.
New York
6s
St.
ft
M
new
Jo.ftC. B. ~s.
New Kng. 7s ..
9744
pref
10),
Catawlisa.....
pref.....
do
new pref .........
do
11
41M 41*
* Bound Brook....
Kast Pennsylvania.....
Elinlra ft Wllllamsport.. ...
Dr f -'
d0 ,
do
?
Lancaster.
Delaware
4S
Har P.Mt.Joy*
Huntingdon* Broad Top...
do Pref.
do
"J*
44
100
Philadelphia* Brie
10*
l'nlladelphla ft
19X
Reading
*
Baltimore.
Pittsbnrg Tltusv. 4 Buff
St. Paul * Duluth R.R. Com
4*
7*
44*4
m
1
45
-
.
do
Pennsylvania
Schuylkill Navigation
pref..
do
«|
Susquehanna
RAILROAD BONDS.
Allegheny VaL, 7 3-10b, 1696
* do
is, E. ext., 1910 102
Inc. 7s, end., W. 30
do
North. Penn. 1st m.
2dm.78,cp.. '96.
do
do gen. in. 7s, cp., 1908.
do gen. m. 7s, reg., 190^
.
.
I
B., 7s, cp.,'96
N avy Vard 6s,
120
1st in. 6s, cp.,'81
78, cp.,'98.
do
'43-'44
. 6b,
Phils, ft Read. 1st
'48-.4C
do
do
2dm., 7b. ip.. S:
do
deben., cp., '»k*
do
110
no*
iis*
35
cps. o^
do
do
..
scrip, 1832.
do
72
Ia.m.78, cp,1896
do
do cons. m. 7s, cp..19i!..
do cons. in. 7s, rg.,19:i.. 109« 108J,
.
43
(9*
•
i
in de r auo. t Per share.
Coa.
Jan.. '77. funced.
u
J4J
2d,
ft
M.ftN
A
118
118
117
ur
UM, nr
120"
117
3*
22*
84* 38
106
104
!".'
10O-
110* 111
107
106
110
108
11(4* 105
108*
108J4,
113
U2
118
71
108
114
I...
...
3d,. I. ft J
guar., J. ft J., 108
Canton endorsed. 108
100
107
115
115
105
O., 6b. long., .t 11.2
7s, Ho5yr8..t 108
7ft730e,long.t
27*i
108"
i'sw
05}I
no
104
102* 102*t
102
100*
t89*
Lsf. 1st in. 7s
77
(I.ftC.) 1st m. 78,'SSt 108
ft
77*V
t 100
ibi
Miami 6s, 'S3
Cln. Ham. 4 Dayton stock.
48*
Columbus ft Xenla stock
118
Dayton ft Michigan stock..
32* 35
Little
.
do
8.
p.c. sl'k.guai 107
Miami stock
I.oi IMII.l.l.
112.
Little
Louisville 7s
«s,'82to'87
do
t 104*
t
-.02
Ss.Vito'W
t 108
water 6s,'87 to '89 1 102
water stock 6s,'97.t 102
t 102
wharf 6s
do
do
do
do
do
spec'l tax 6s of '89.1
Loul<vllle Water 6s, Co. 1907 '
Jeff.M.ftI.lstm.<I*M)7k,'8>t
1
2d in., 7s
do
1st m., 7s, 1906. ..t
do
Lex. 1st m.78.'97»
Louis v.
Louts.* Fr'k.,Loulsv.ln,6B,'S
Loulsv. * Nashville—
Leb. Br. 6s, "86
t
1st m. Leb. Br. Kx..7s,'80.b5.t
C*
rg,'81
(
S Erie
do
•10
scrip
Pe n. o ,6s. reg
Perkiomen 1st in.6s,coup.,'rf.
Phlla.
Ind. Cin.
coup.,'8i.
m
U9
118
111*
Pa.ftN.V.C.ft RR. 78,1896 ....
Pennsylv., 1st m., 6b, cp., '80..
gen. m. 6s,cp.. 1910.
do
«en. m. 6b, tg., 1910.
do
cons. in. 6 s , rg., 1905.
do
cons. m. 6s. cp., 1905.
do
do
lit
115
:18
118
10IL, 102
.
Colum. ft Xenla, 1st m. 7s, IX)
Dayton ft Mich. 1st m. 7s. "81+
2dm.7s,'84.+
do
3d m. 7s, '88t
do
Dayton ft West. 1st m., 'til.. .t
1st m., 1905. t
do
lstm.fs, i»U>
do
m.7s>8
6s, cp-.'SS.
.
I
.
I
ft
1S»
us*
.
190T,
.
m. 7s,
iff*
113
85,
1st,
do
1st mort. 7s, '88
W'msport, 1st m., 7s, 'SO
5s,perp
83
do
Harrisburg 1st mor'. 6s, '8)
H. ft B. T. 1st m. 7b, gold, '90. 112
IdS
2d in. 7s, gold, '95.!....
do
8dm.conB.7s,'95'. 48* 40
do
Ithscaft Athens 1st g d, iB-.'SO
Junction 1st mort. 6.', '82
2d mort. 6s, 1900 ..
do
Lehigh Valley, lst,68,cp.. 1898 115
do reg., 1891...
do
do 2 in. 7s, reg., 1910. izb* 121*
do con. m.,6s,rg., 1923
6b,< p. ,19.
106*
do
do
1st
108
Cln.ft Cov. Bridge Bt'k, pref no
Cln. Ham. ft D. 1st m. 7a, '80 + 101
101),
2dm. "8,'85t 101
do
Cln. Ham. ft Ind., 7s, guar.
78
*
Cln. ft Indiana 1st m. 7s
102*
2d m.7s, '17. + 90
do
El.ft
Creek
6b, '85,
Cln. 7s, fa, P.
Hamilton Co.,
do
do
Connecting 6s, 1900-1904 ..„.
Cliartlers VaL, 1st m. 7s,C.,190'.
Delaware mort., 6s, various.. 108
.
112
109
1H7
-
111
.
118-
CINCINNATI.
.
Bound
6s, 1880, .1.4.7...
6s, 1885, A.&t '.
Cincinnati 6b, long
7s
do
t
t
V30s
do
South. RR. 7-908.7
do
do 6s, gold f
do
104
;o5
ft Burlington Co. 6s,'97.
CatawlSBa lst.Ts, conv., '82.
chat, m., 10s, '88 ..
do
ft
ft
do
Cam.
East Penn.
Ohio
do
do
Union RR.
6s, coup., '89
do
mort. 6s, '89
U3J,
do
17
i"
Cam.* Atl.lstm. 7b, g., 1903
2dm., 7s, cur., 1879
do
Del.
10V
Connellsvllle..50
W. Va. 3d m.45uar.,'85,J4.I
Mar.
2dm. 6s. '&>..
Br., 1st. 7b.
*
90
...SO
90
1900, A.SO.
do 68. gld, 1900, .1.4.1.
Cen. Ohio 6s, lstm.,'90,M.ft S.
24»» W.Md.6s,lstm.,gr '90.J.4J.
do 1st m., 1890, J.ft J...
do 2d m. .guar., J. A J
do 2dm., pref
do 2dm.jrr.by W.CO.J4J
do 6s, 3dm.. guar.. J.ft J.
.
11(1
:ix>
RAILROAD BONDS.
Bait, ft
Belvldere Dela. 1st m.,68,1902.
2d m.
53*
Pittsburg
Northern Central
68,
do
24)4
108
114
....100
141H :4»
1st prif
lis
110
2d pref
loex.
106
Wash. Branch. 100 V/l
Parkersb'g Br. .90
"i
1
co
do
do
do
Plttsb.ft Connell8V.',8,'98,J i.I
pref
1900
M
Ball.ftUhlo
do
Morns
new 7s
1st «s, rg./86
QW
N.
CANAL STOCKS.
do
Dela
ft
Central
19X Northern
Western Maryland
Central Ohio
West Chester consol. pref .. . .
West Jersey
'.Ml,
51
140
72
54
102
8*
do pref.
do
United N. J. Companies!. .....
Sdm. 6s, '37
do
Camden AAmboy 6s,coup,'S3
P. B.,'96
it \ I. I I
II
Maryland 6s, defense, J. ft J..
do
6s, exempt, 1887. ..
6., 1890, quarterly..
do
do
9s, quarterly
Baltimore 6s, IS8I, quart
do 6s, :866, j.ft J
do 6s, 1890, quarterly.
do 6s, park, 1890, 0,-M
do 6s, 1898, M.ftS
do 68,eieinpt,'iS.M.4S
do 68,1900,
do 68.1902, J.ft J
do 9s, 19,6, new
Norfolk water, 8s
railroad stocks. Par.
43* 45*
4o* 135,
.
«.«
CANAL BONDS.
.
.
do
90
108-
4i'
.
25
35
Atlantic.
flush. Tltusv.
10&M
HiS
10O
codb in.. t>jr.,rjo"i
do
no
luc.ftl.gr ,7s 1915
Colon ft Tltusv. 1st in. 7s, '90.
United N.J. cons. m. (a, 1»4..
Warren ft K. 1st in. Is. '9»
West Chester cons. 7s, '•l. ...
West Jersey 6s. deb., coup. .'¥
do
1st m. 6s, cp.,'96
1st lll.7» ,•*>
do
Western Penn. BH. 6s,cp.:8»9
do
2d m. 6s. reg., rxi;
do 6s, boaiftcar,rg.,i3:i
do 7s, boatftcar.rg..l9.A
Susquehanna 6s, coup.. .9.8 .*
.
.
..
1901
Morris, boat loan, reg., 1889.
Pennsylvania 6s, coir., 1910.
Schuylk. Nav.lst mA.r».,'»!.
coupon
do
'XI
I
7s, reg.* coup.
do
Delaware 6s, coupon
Hnrrlsburg City 6s, coupon
RAILROAD SIOCKS.J
do
(Is,
Delaware Division 6s, cp-.^H.
Lchlgb Navlga. m.,«s, reg.,"84i
108"
do mort. KR., rg ,'9~.
do m. CO:. v. g., rt-g..Nl
ioi
do mort. gold, '97
102
do cons, in 7s, rg.,191' 92*
exempt, rg. & coup.
Camden County 6s, conp
Camden *
Ball.
yrs.Uen.ft C'ornV,ltt,:s,iso!i 1"!
lol
exas ft 1'ac. 1st in ,4s,g..l»0J
Chesan.
do
City 6s,
4
PHU.Cln.ftSt. L. 7s,cou.,lt0, iwji-
do
N. Jersey
Camden
do
deb. 7s. cps.on
do mort., 7s. 18923
Phlla. Willi,.
120*
7S, Ur.Imp..reg.,'S3-86.
6s, reg. and coup. .
.li.
Phll.ftl.'.Coalt Iron deb. 7s.»2
'
do 6s,n.,rg.,lS95*over 120
Allegheny County 5s, coup...
Allegheny City 7», reg
Pittsburg is. coup .,1913. ...
5s, reg. & cp., 1913. 1X1
do
«s, gold, reg......
do
7s,w't'rln,rg.ftcn
do
Oil
i
.
MM
104 K
Massachusetts 5s, gold
Boston 6s, currency
Omaha & S. Western, 8s
do 5s, gold
Pueblo * Ark. Valley, Is.... 105 H
Chicago Bewersge 7s
87*
Hutland 8s,lst mort
Municipal 7s
do
Vermont * Canada, new 8s.
113
Atch. ft Tcpckalstm.7s.
Vermont* Mass. UK., 6s.. ..,
land grant 7s U2X
do
STOCKS.
2d7s
do
110* iib«
Atchlfon A Topeka
90*
land Inc. SB..
do
CO
Bostons Albany 7s
121* At. hi o & Nebraska
Boston A Albauy
6s
do
70
Boston & Lowel
Boston ft Lowell 7s
BOBton * Maine
117*
Bostons Lowell 6b
108
Boston ft Maine 7s
120)4 Bostons Providence
Burlington & Mo. In Neb ..
BoBton & Providence 7b....
Cheshire preferred
Burl. & Mo., land grant 7s.
Chic. Clinton Dub. ft Mln.
do
Neb. 6s
108*
Neb. 8s, 1883 ...
Cln. Sandusky & Clev
do
CO
Conn, ft Fassuuipslc. 7s, 189
Concord
Eastern, Mass., 4 >$b, new.
>142
Connecticut River
79*
Fitcliburg KK.,«s
Conn, ft Paasumpslc
42
7s
19*
do
Eastern (Mass.)
117
Fort Scott & Gulf 7b
Eastern (New Hampshire)... ...
nan. City Top.* W., 7s, Ibi 1111* (112*4 Fltcbburg
US
1107
do
do
7s. Inc
Kan. City Top, 4 Western.
m*
1(«J
f,
Philadelphia, 5s reg....
66,oia,reg....
do
do 6s,n.,rg., prior to On
Little Schuylkill, 1st
Ogdensburg & Lake Ch.8s..
01dColony,7s
6s
do
Vermontss
•
112
Delaware Division
Lehigh Navigation
434,908,904
018,297,775
19,335,900
210,882,600
213,429,700
213,283,100
210,583,800
206.591,400
198,945,800
193,121,700
195,303,700
200,255,000
BOSTON. PHILADELPHIA
8ROURITIK8.
-.
Chesapeake* Delaware
8pecie.
8
244,007,000
246,718,900
247,674,200
240,324,500
243,839,800
240,458,500
235,836,600
230.442,900
281.151,300
June 7..
June 14..
June 21..
June 28.
July
July
Joly
July
An-,
147,000
Inc..
L. Tenders. Deposits. Circulation. Agg. Clear
*
*
t
t
238.241.400 18.633.300 51,018.800 210,219.200 10,488,600 611,674,082
242,280,200 17,840,300 51,135,400 219,387,300 19,427,100 493,410,515
244,186,500 18,059,500 48,334,800 217,271,200 19,308,800 452,720,433
1879.
Feb.
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
Circulation
Dec. 1,981,7001
Loans.
^..189^1902
S new.
is. 10-15, reg., Ii77'82
S i^'reg-lSSJ-'W
In. Plane, reg.,1879
do
do
40
do
P'llla.Wllinlng.
following are the totals for a series of weeks past:
The
St.
•-
I'hlladelphla* Trenton
i
I
do
or cp.
car.,reg
1'ennBylvanla.......
:
75.400
5«, g'd, lnt.,reg.
Nesquehonlng Valley
Norrlstown
N orth Pennsylvania
deviations from returns of previous week are as follows
Inc.. $1,718,000
Loans and discounts
Inc..«1.872,700 Net deposits
Inc..
.
I01K
r.1.1911.
do conv. 7s, 18V3"
'36
do
7i, coup, off, *98
Phil, ft K. cons.rn.6s,
Steuhenv. ft Ind. 1st, 6s, 1884.
59a Stony Creek 1st in. ^s 1907..,.
Suob. llsz. ft W.,lst m..5»,'2(
Sunhury ft Erie 1st in. 7s, '97.
Little Schuylkill
.....
Stlnehlll
The
Specie
Legal tenders
.... ...
Lehigh Valley ...
60.800.200 260.763.700 20.017.400 40.047.700 229.983.000 21,531,900
Total
.
.
sxcnxiTixs.
ShamokinV.ft Potuv.7s,
BTATE AND CITY BONDS.
Penna.
409,81X1
420.01X)
349,CXX>
652,(KX)
71.400
92,800
104,000
53.100
82,000
4,(»!0,SXXI
.
10SJ4
PHILADELPHIA.
495,01X1
2)5,400
101,500
181,100
38,000
16.400
200,700
83.400
113,700
1.310.000
1,183,300
1,(X«I,0<)0
Marine
1,035. 0X1
253,01X1
1,312.300
1,155.000
412,500
700,000
Continental
Oriental
33U.WKJ
3,H44.4(K)
3,095,31X1
People's
North America..
Corn Exchange.
680.500
300,000
422,700
St.
1.11X1.300
1.000,000
1.000,000
1,500,000
450,000
CItlzonB'
302.500
610,500
291.000
8.99S.300
2,887,000
6,008,800
174.500
316.400
Paclflc
—
4,n:,.i«K>
.
Vermont * Massachusetts
Worcester* Nashua
1,541. KXI
1.IKKI.IKXI
1,(XKI,(XXI
Hanover
Itutlabd, preferred.
177,200
5,000,000
Irving
Metropolitan
scil.cxxi
1,950,81X1
Broadway
Republic
582.1 XXI
I
1,283.000
2.N70.1BXI
1,021,1X10
Commerce
Chatham
608.41X1
B58,8(XI
108
Old Colony.......-.Portland Ssco * Portsmouth
Pullo a Palace C«r
Pueolo * Ark«nsas
*
10.050.700
Butcnors'&Drov
Mechanics' ft Tr
Greenwich
Leather Man'f r^
Seventh Ward...
State of N. York.
American Kxch.
Mercantile
588.500
141,200
708,500
isixi.ihxi
1,000,01X1
Qallatln Natlon'l
8,313.200
5,555,000
0.019.800
7,033.000
$
t
2.000.000
2.050,000
2,000,000
2,000,000
1,200,000
3,000.000
1.000,000
1,000,000
Manhattan Co
Merchants
..
Btc.-Coiltlnued.
Ask
.
New York
t.
355
llil>ll)V,
following statement shows the
condition of the Associated Banks of New York City for the
ending at the commencement of business on Sept. 27, 1879
Capital.
—
.
.
THE CHRONICLE.
1B79.J
1,
New York
.
102
105*
100
10rl
1026,
10
10
10
10
10
10
101"
104*.
113* 114
I04i»
1MH
101
111
101*.
102
iosw
103
104
6s, •*(. t 101* 102>»
do
Jefferson Mad. * Ind stock 103* 104
I.oi
IV
ST.
Lou.
St.
In.
long
Louis
66.
do
do
do
do
water
do
t'
6s.
104
gold
f, 105»»
new.t 106
106»A\
do
bridge appr.. g. 6s t :o5»4
.((Ch, 107»<
renewal, gold, 6s.
sewer, g. 6s, "9l-2-3.t iol»4 ioi
8t. Louis Co. new park, g. as.t I0l*|ir
do
t
cur. 7s
And Interest.
.
...«..t
..
.
.... .....
—
I
.
—
a
.. .
..
.
.
—
.
'
AND BONDS
QUOTATION a OJT STOCKS
Bonds and active Railroad Stocks are quoted on a previous page.
M
Bid.
SECURITIES.
ABk
• •••.;_
Montg. A Eufaula RR.
8s Ala. A Chatt. KB...
8b of 1882
8s of 1888
Class A,2to5
Class B,5s
Class C,2to5
Arkansas—8s. funded ...
7s, L. Bock A Ft. Scott lss.
7s, Memo. 4 L. Bock KB
s
s
3
1
1
.
A N. O. RR
B. I" BR...
Central BB.
Connecticut—6s
Georgia—6s
B.
SECt'HITIHS.
1
1
floating debt.
.
penitentiary
levee
do
no*
Hannibal
do
&
Del. Lack.
do
do
may
102*
104U
do
106
1117
101
16*
M
A WeBt.— 2d m.
VEOtJS
IC I. 1. \
103
do
1st con., g'd..
Del.AHud.Canal— lstm ,'84
107*
1st
118
A Pittsburg, guar....
Dubuque A Sioux City
Harlem
Ind. Cin. A Laf
Keokuk A Dos Moines.
Clev.
—
48*
Marietta A Cin., 1st pref...
do 2d pref...
do
Mobile & Ohio, assented.
Nashville Chat. A St. Louis.
New Jersey Southern
N.Y. Elevated
N. Y. New Haven A Hartf
Ohio A Mississippi pref
Pitts. Ft. W. A Chic, guar.
.
2d mort
3d mort..
1st con., guar
Saratoga, lst.coup
do
do
do
"
.
Bens. A
do
120
162
5t h
100
spec'l.
mortgage,
1880
1888
Long Dock bonds
33*
pref.
do
do
Terre Haute & Indianapolis
United N. J. BB. A Canal
.2H
Ask.
25
50
50
3*
88
i?U
88
59
31
6s, ex matured coupon
6s, consol., 2d series
6s, deferred
D. of Columbia-305s, 1924.
Small
Begistered
K.CA N.-R. E.A R„7s
Omaha Div., 1st mort., 7a
St.L.
110
108
St.Chas.B ilge.lst, 7s, 1908
North Missouri, 1st m., 7s
St. L. Alton A T. H.— 1st m.
2d mottgage, pref
102*
120*
....
110
112
112*
112?-s
Belleville A So. 111., 1st m.
St. P. A Sioux C. 1st 6s. 1919
Tol. Peo. A
lat m., E.D.
W.—
mi irt gage, W. D
Burlington Div
2d mortgage. 1886
Consol., 7s, 1910
r.
Pur. Com. rcc'pts, lst.E.D
.
117'
.1.
Midland-lst,
7s, gold.
2d mort
New Jersey So.— 1st, 7s. new
N. Y. A Osw. Midl'd— 1st m.
Rec. certif's assented
not assented.
do
79* St. Joseph A West'n, lstm.
2d m.
do
do
114*
m
8a
63
Eg
97
113!. 1
95*
1100
1°8«
1033^
96*1 97*1
102*
10232
103
1103*
stock..
do
do
St.L. A San F.— 2d m., class A
2d mortgage, class B
class C
do
St.L.A S.E.-Cons..
84* 84*
84*
7s, g.,'94
95
68
'.if,
70
96* 98*
52* 56
12
14
7.".
115
80
20
62
68
82
42
85
45
10
no
22*
58* 59"
21
87
68
St.L.VandnliaAT.H.— lstm 107
+88*
2d mortgage, guar
Scioto Val. 1st 7 p.c. s.f. bds +101
South Side (L. 1.)— 1st mort CO
South Minn. — 1st m., 78, 188. Ion
st mortgage, 7a (pink)
Extension
Tol. Can. S. A Det— 1st. 7s, g
Union A Logansport —7s
1
114
11134 112
American Express
513b
United States Express...
Wells, Fargo A Co
100
prof
A
Pacific Tel
47*
100*
14
15*
49* 50*
Quicksilver
Atlantic
103
.
American District Tel.
Gold A Stock Telegraph
Canton Co., Baltimore.
American Coal
Consolidation Coal of Md.
48*
50
32
Pennsylvania Coal
Mariposa L'd A Mining Co.
pref.
do
do
Ontario Silver Mining..
Homestiike Mining
Standard Cons. «oid Mining
Pullman Palace Car
70'
68
80
Rejected (best sort)
.
M.A S.
Texas -6s, 1892
+103
7s, gold, 1892-1910 .J.A J. +111
7a, gold, 1904
J.A J. +113
10s, pension, 1894. J.A J. +99
lid
no
8336 83*
do
lst.W. D
do Jst.con., f, cp.,
do
Bur. Div
do 2d,con.,f.cp.,5s,0s 79* 80«
1st pref. inc. for 2d mort
104
Virginia— New 10-408
Han. A St. Jos.—8s, conv..
1st inc. for consol
CITIES.
Hous. A Tex. C— 1st. m. l.,7 lOB-JJ 107* Tol.AWab.— lstext.7s,ex cp. 107
104*
9?
1st mort., West. Div., 7s
1st St. L. dlv.7s,ex mat.cp,
Atlanta, Ga.—7b
1st mort., Waco A N., 73.
2d mortgage ext.. ex coup
943s
106*
2d C, Main line, 8s
Equipment bonds, 7a, 1883
Water works
86* 87* Augusta, Ga.— 7s, bonds...
Consol. conv. ex coupon,
2d Waco A N., 8s
Inc. and ind'y. 7b
(it. Western, 1st m., ex cp *107
Charleston, S. C— Stock, 6s
Ul.Cent.-Dub.ASiouxC.lst
do 2dra.,7a,'93,ex cp 94*
7s,K.L
92
Dub. A Sioux C, 2d div...
Columbus, Ga.— 7s, bonds.
Q. A Tol., 1st, 7s, '90,ex cp.
1013*
Cedar F. A Minn., 1st m.
Macon— Bonds, 7s
111. A So. la., 1st m.7s,ex cp
iu
Lake Shore
West. Un. Tel.— 1900, coup.
Memphis— Bonds, C
Mich S. A N. Ind., 8. t., 7s 110
113*
11)00, registered
Bonds, A and B
Cleve. A Tol., sink. fund.
Endorsed M. A C. BB....
Spring.V'y W. Works, IstOs
new bonds.
do
Compromise
INCOMK BONDS.
a6i%
Cleve. P'vllle A Ash., old
Mobile— 5s, coupons on
Central of N. J., 1908
new
50
do
Chic. St.L. A N. 0.,2d m.,1007
8s, coupons on
Buffalo A Erie, new bds..
50*
Leh. A Wilkes B. Coal, 1888
63, funded
41*
88*
Railroad Bonds.
Stock Exchange Prices.
Boat. H. A Erie— 1st m...
1st mort., guar
.,
36*
39
"B
*
.
Bur.Ced.K.A North— lst.Ss
Minn. A St. L., 1st, 7a, guar
Chesap. A O.— Pur. m'y fund
6s, gold, series B, int. def
6s, currency, int. deferred
Chicago A Alton— 1st mort
Income
Sinking fund
A Chicago, lat m...
Louis'a A Mo., 1st m., guar
2d 7s. 1900.
do
St. L. Jack. & Chic, 1st
Joliet
m
m
A State Line,
Kal'zoo A W. Pigeon,
Buffalo
.
7s.
1st
2d mort., 7s, gold.
Cecillan Branch, 7s
Nashv. A Decatur, 1st, 7s.
Marietta A Cin.— 1st mort..
.
1st mort., sterling
4 *«! Metropolit'n Elev—lst,l«08
,-+'« Mich. Cent.-Cons., 7s, 1902
1st mort., 8b, 1882, s. f
107*'108
loe"
loe'
118* 120
117
H. A Cent. Mo.,
—
lat.,
118
98
120
10B*
783i
3331
105
*109
M
AD
AD
AM
Land
113*
Con. sinking fund
2d mortgage
1st m.,73, 1. A D. Ext...
Chic. A Northw.— Sink, f'd
Interest bonds
Consol. bonds
Extension bonds
1st mortgage
Coupon gold bonds
Registered gold bonds.
.
Iowa Midland, lat m., 83.
Galena A Chicago, exten.
Peninsula, lat m., conv
.
Chic.
Winona A
St. P., 1st
m
St. L.
do
A
108*
«...
108
106
113
118
114
mi'
1
18?$
Income, 7s
1st m., Carondelet Br.
f
112
.
113*
ldi*
2d mort.,
115
105
105
100
107
.
993;
t
And accrued interest.
7-303
....
RAILROADS.
Atchison A P. Peak—6s, gld
Bust. A N. Y. Air-L— 1st in
rent, of la.— lat m.,7s, gold
Chic.ACan.So.— 1st m.,g.,~
Chic. A East. Ill— 1st m.,
inc., 7s...
hi.-. St.
63, g.,
Land grant, 6s, gold
P.AM.—
1
Stock
Indianap.A
ernational (Tex.)— 1st 7s
Int. H. A Gt. No.—Conv., 8s
,
4i
No
1171*
8a.
1.12',.,
115
ll.-j
107*
114
tin
M
110
82*
104
llo'
ids"
Ml
llll
104
100
85
mi
'.id
106
86
102
mi
—
RR.— 7s
7S
93
88
45
20
73* 80
:io
;
18
35
15
in
in
2n
40
20
103
120
109
70
74
20
102
935
30
40
108
110
88
70
95
100
7:!
77
98
95
100
.in
100*
37
45
112
102
m
96"
65
2d, 7a
Mississippi Cent —lat m.,7s
2d mort., 8s
Miss. A Tenn. 1st m., 8s, A
—
1st mortgage, 8s, B
Mobile A Ohio— Sterling, 8s
Sterling, ex cert., 6s
8a, intereat
100
IT)
100
',:,
77
105
102
101* 105
115
110
91
95
n
75
1:.-)
2d mortgage, 8s
211
New 1st mortgage
Now debentures, lat. ....
N. O. A Jacks— 1st m., 8s.
2d mort., 8s
7s.
Nashville Chat.A St.
lat, 63, Tenn. A Pac. Br..
Certificate,
L—
McM.M.W.AAl.Br
01
1:.
no
104
6s.
96
2ds,6a
Sds,8s
4ths,8s
Rich. A Dan.— 1st consol., 6s
Southw. Ga.—Conv., 7s, '86
Stock
S. Carolina RR.— 1st m., 7s
7a, 1902, non-enjoined
.
8a,
guar.
.
8s..
.^
PAST-DUE COUPONS.
48
93
1117
lid"
111!
106*
112
117
95*
67
30*
96
103
82
98
52
107
107
74
10
34
40
20
108
30
94"
112
107
94*
no
C—
90
90
76
102
Norfolk A Petersb.— 1st, 8s
1st mortgage, 7s
2d mortgage, 8s
Northeast., §.
1st m.,8s
2d mortgage, 83
2d mort.,
15
25
50
40
90
90
29
84
30
119
116
108
A Col.— 7s, 1st m
103* West Ala.— 1st mort.,
92
17*
17*
guar
1st, 6s.
75
80
9
25
6s
Stock
Greenville
108
110
102
106
62
68
9
107
Orange A Alex'a— lsts,
24* 26*
101
91
22
A.— Cons., 1
2d mortgage, 7s
East Tenn. A Georgia— 0s
E.Tenn.A Va. 6s,end.Tenn
E. Tenn. Va. A Ga— 1st, 7s.
Macon A Aug.— 2d, endora.
MemphisA Cha'ston— lst,7s
1011
61
40
5s
RAILROADS.
7s,
107
106
85
55
90
55
711
27
Ala. AChat .—Rec'rs ctf s.var
Atlantic A Gulf—Consol..
Consol., end. by Savan'h..
Cent. Georgia— Cons, m., 7s
Stock
Georgia
80
100
Savannnah— Cona.. new,
Charl'te Col.A
too
64
:il
—6a
Stock
m:i
80
118
77
Tenneaasee State coupons
37
South Carolina conaol
ion* Virginia coupons
consol. coupons..
45
do
MontclairAG.L.-lst,7fl.n.
price to-day these are latest quotations made this week.
Kansas A Nebraska, lstm.
do
2d m.
do
Long Island— 1st mortgage
1053* IDS!*
+114*
16
A St.L.— 1st,
Vine— lst,7s, gr
hit
100
*74
73
111
equipment
Evansr. A Crawfordsv.—7s. 1112
Evansv. T.H. A Chic— 7s, g.
BB
95
Flint A Pere M.—8s, I'd gr't
86
GalT. Hous.A H.-7s, gld,'71
Gr'nd R.AInd.— lst,7s,l.g.gu 108
!•:!
1st, 7s, Id. gr., not guar
70
1st, ex land grant, 7s...
Hous.A Gt.N.— lst,7s,g..ctfs 91
Indianapolis
45
41
m
Incomes
UB
108
Chic.A Southwest.— 7s, guar ids'
76
Cin. Lafayette A Ch.— 1st
Cin.A Spr.— 1st, C.C.C.AI.,7s 101
95
1st m„ g'd L. S. A M. 8., 7s.
Col.A Hock.V.— lst,7s,S0yrs + 101)
+ 1110
1st, 7s, 10 years
+100
2d, 7a, 20 years
7s,
115
as
new 102*
Indiana Bl, A W.— 1st m.
2d mortgage
'86
with coup, ctfs
do
Inc. coup. No. 11 on 1916
Inc. coup. No. 16 on 1916
Den. Div. 6s ass. cn.etf.
water,'1894...
2d mortgage,
lll.83i
102
+106
+05
+109
+101
+112
+113
+111
+105
+111
I'nughkeepsie— Water
Rochester— Water, 1903..
Con. mortgage, 7s
103* 103 i^
98*
long
Yonkers— Water, 1903
H2-L Richmond
a'.,
+113
40
Newark City— 7s, long
Toledo—83,
+11
!,S
80
27
.
105
112
115
101
«0* 61
100
107
80
5s.
Norfolk—6s
Petersburg—6s
115
tna
lnilianapolia— 7"30s
Long Island City
7s,
—6s, old
106
113
+108
HI 3?i 1141,
nisS 11231
Pac— lat,7a,ld. gr..g
Hi* Denver
Erie A Pittsburg— 1st m., 7s
112*
1st m.,6s,'95,wlth cp.ctfs
1st m.,6s,'96
with coup, ctf
do
1st m., 7s. Leav. br., 96..
do
with coup, ctf s
1st m., 7s,R.AL.G.D'd,99
do
with coup, ctfs
1st m., 7s, land gr't, '80..
with coup, ctfs
do
ins
114
180°
nominal.
.
1113s,
South Pac. of Mo.— 1st m.
Kansas Pac- -1st m. ,6s, '95
110
1st eon. 7s
* Prices
10831
110
108
118
grants, 7s
Sinking fund
Registered, 8a
Pacific RR. of Mo.— 1st m.
2d mortgage
107'
N. O. Ten. lien 7s
do
ids'
.
2d m
do
C. C. C. A Ind's— 1st, 7s, s.
Consol. mortgage
C
.
A Milwaukee, 1st m
108*
.
Oswego— 7s
*104*
*104*
N. Y. C. A Hud., 1st m., cp. 124*
UK
lstm., reg.
do
Huds. B., 7s, 2d m„ s.f.,'85 109
Canada South., 1st, int. g t86* 87
....1126
Harlem, 1st m., 7s, coup.
114*
*125* ...
lstm., 7s, reg
do
N. Y. Elevated-lst, 7s, 1906 HO&llll
Ohio A Miss.— Consol. s. f'd 110J4" 111
tlioajl ...
Convertible
Consolidated
107 1108
assented
do
2d consolidated
104 U
*44*
;..
Adjustment. 1903
lat m.. Springfield div
104*: Pacific RailroadsLehigh A W. B., con., g'd.
87
assent'd
do
Central Pacific— Gold bds.
0934
Am. Dock A Impr. bonds
San Joaquin Branch
assented
100*
do
Cal. A Oregon, 1st
106
l,nic.Mil.ASt.P.— lst,8s,P.D
State Aid bonds
101*
2d mort., 7 3-10, P. D
Land grant bonds
112*
1st m., 7s, * gold, B. D. ..
Western Pacific bonds.. 103
1st m., La C. Div
South. Pac of Cal.— 1st m.
1st m., I. A
Union Pacific— 1st mort.. 109*
1st m.,I.
1st m.,H.
1st m.,C.
—
Water,
new
Consolidated, 6s
Railroad, 6s
Long
79
6s,
5s
New Orleans— Prem.,
7s, river improvement.
Cleveland— 7s, long
103* Detroit— Water works, 7s
121
Elizabeth City— Short ....
109
—
—
Nashville
CITIES.
Albany, N. Y. 6s, long
110*1111
Buffalo— Water, long
*102*| ..
Chicago—8s, long dates.
9U* 101
7a, sewerage
104* 108*
7s, water
116
108
New 3s
accum'e
(Brokers'' Quotations.)
116*
1890
0s, 1887.
0s! real estate
6s, subscription.
Miss.Klv.Bridge.lst,s.f,6s
Chic. Bur. A Q.—8 p.c, 1st
Consol. mort., 7s
5s, sinking fund
Chic Bk. I.A P.—6s, cp.,1917
63,1917, registered
Keok.A Des M., 1st, g., 5s.
Central of N. J.— 1st m., '90.
1st consolidated
assented.
do
int. ,03,
Hartford—6s, various
N. Y. Central-6s. 1883
107*
do 2d
Miscellaneous List.
113
Equipment bonds
Mo.K.AT.-Cons.ass.. 1904-6
2d mortgage, inc, 1911
Montgomery— New
St.L.I.M.AS.,lst 7s,pref .int.
Det.Mon.AT.,lst,7s,'1906
Lake Shore Div. bonds
cons, coup., 1st
do
cons, reg., 1st
do
cons. coup.. 2d.
do
cons. reg.. 2d
do
Louisv.ANash.—Cons.m.,7s
08
(Brokers' Quotations.)
—
41.1.1
95
id*"
88
02
86
Southel n Securities.
N. Carolina.— New 4s
Sii.Csiri.lina— Con., 6s (good)
1
103
103
loo
. .
Miscellaneous St'ks.
Adams Expresfc
57
75
109*
BpS
STATES.
1st
116
Huff. N.Y. A
N.Y.L.E.AW.,n.2d,con.,0s
"
Income
do
102"
B, 1st m., 1910
N.
las
. .
101
—
RR—
do
2d con...
do 1st Tr't Co.ctfs.ass.
do 2d
do
asa.
Rome Wat. A Og.— Con. 1st.
105*
59*
STOCKS AND HONDS.
L.A Iron Mount'n— lstm
2d mortgage
A rkansas Br., 1st mort
Cairo A Fulton, 1st mort.
Cairo Ark. A T., 1st mort.
..
1st con»,«(old7s. 1920.
H
do
be.
1888
new
new
series
Virgina—6s, old
6s, new, 1866
6s, new, 1867
6s, consol. bonds
4
4
4
104
115
St.
;
7s,
7a.
6s,
6a,
.
1st, reg.
4th mortgage,
..1
Non-f undablo
Tennessee—6s, old
2
Cleve. A Pitts., consol., s.f.
do
4th mort...
Col. Chic. A I. C, 1st con
104
104
121* Donv.A R. Grande— lst.lWOO 115
!22
Erie — 1st mort., extended
105
3d mortgage, 7a, 1888...
110*
Kensselaer A Saratoga
St. Louis Alton A T.
1114
1114
m
44
23
Pitts.Ft.W.A Chic, 1st m.
do
do
2d m..
do
do
3d m..
extended
Coup.. 7s, '94
Beg. 7s, '94
1st Pa. div., coup., 7a, 191'
reg., 78. 1917
do
Albany A Susqueh., 1st
prof.
South Carolina—6s
Jan. A July
April A Oct
Funding act, 1866
Land Com., 1K89, J. A J...
do
1889, A.AO...
106
117
117
117
A.AO
RB
103* Pennsylvania
lull
mortgage, 1891
do
do
do
1071,
114
56
15
15
104*
I
*106
convertible
111
7s, 1907
Syr. Bit gh. A N. Y., 1st, 7s 107
121*
Morris A Essex, 1st in
lii*
2d
mort
do
bonds, 1900
do
construct'n t87"
do
7b of 1871. 1071
do
46
55
.
Bid.
Rhode Island—6s,coup. '93-9
100*
Special tax, class 1
class 2
do
do
class 3
Ohio-68. 1881
6s, 1886
108
KIT
1887,
II
do
Chatham
104>4
SECUBITIES.
W7H
7m
AJ
A.AO
coup, off, J. A J
do
coup, off, A.AO.
Funding act, 1866
do
1868
New bonds, J. A J
Mortgage
. . .
do
No. Car. BB., J.
7s,
Stock!).
{AcUee previously quoted.)
Albany A Susquehanna
Boston A N. Y. Air L., pref.
Burl. Cedar Kaplds A No.
Chesapeake & Ohio
1st pref
do
do
2d pref
do
do
Chicago A Alton, pref
do
18
103
114
St. Jo., 1888.
A.AO
08
88Ji
RAILROAD AND
do
do
Manhattan
do 1893
North Carolina— 6s, old.J AJ
small
''
111
6s,
6s,
6s,
0s,
6s,
gold, reg.,'87
gold, coup., 1887
loan, 1883
do 1891
do 1892
6s, old,
do of 187B
Of 11)10
consolidated
78,1890
Mlssourl-68. due 1882 or '83
6s, due 1886
6s, due 1887
6a, due 1888
6s. due 1889 or '00
Asylum or Univ., due
Funding, 1894-95
106
7s, new
7s, endorsed
7s, gold
Illinois'—6s.coupon. 1879...
Railroad
YORK.
Bid. Ask.
New York—6s,
100
100
18
18
18
18
18
Michigan-6s, 1883
8
3
3
1
A
7s, Miss. O.
7s, Arkansas
new
new
6s,
6s,
7s,
6s,
8s,
8s,
8s,
7s,
7s,
88,1888
B P.
NEW
XXIX
Prices represent the per cent value, whatever the par
SECl'UITIES.
Illinois— War loan
Kentucky—6s
Louisiana—6s
Be, 1886
8s, 1886
7s L.
[VOL.
IN
'
. ..
STATE BONDS.
Alabama-58, 1883
8s,
—
.
THE CHRONICLE.
354
U. 8.
...
.
.
81
102
60
109
109
I
.
October
.
..
.
S
I
NEW YORK
Bunk Slock
35.3
LOCAL SECURITIES.
Insurance stork
Lint.
[Quotations by K.
Com PA Nl K.N.
Capita*..
S
dates.
Imount
Am.KxchHngo
3,000,000 1,287,400
5.000,001 1,214 40C
l(KI
2*.0,00l
lllll
M
.
ft
Central
8
J
M.4N.
1.4 J.
10,
l'.i:l.
1
,0OO,00C 1,252.100 1.4 J.
98.1.0(1 J. ft J.
300.001
Dr. an
mo 2,O0O,O0C 340.110 J. ft J.
Butchers'*
1
i
Chafe'.
Km
Chemical
106,800 J. ft.I.
400,00(1
S0O.00CJ 3,221 BOO Hl-ni'ly
ton
OOO.OCX)
107.800 J. ft J.
HA
lllll l.lKKI.IKK
1,411.01,0 M.ftN.
8
a
.^
12
ia
8
8
City
Commerce
100 sooo.ooo 2,038.900 l.ft J.
IIKI 1,000,000
100,700 J. ft J.
Corn Kxch'ge". Kill 1,000,000 791.000 F.4A.
Oil 600 J. ft J.
tastltiver....
ao 250.000
1 1 ,H00 I.ft .1
nth Ward*.... .'.. 100,000
48,700 I. ft J.
150,000
Fifth
100
190.7iO
Fifth Arenac'. IIKI 100,000
51111,111111 1.519.000
iim
ij-j.
Flnt
Inly,
July,
July.
7
July, '79.
a
July,
Sept.
July,
;;
100
*H
KKI
e
10
a
10
8
Continental....
mo
3,200,00(1
(100,000
Ml ,000,00(1
Gallatin....
German Am.*
German Exch.'
Germanla*
Greenwich*
m
w
urn
1
750,000
200,000
KM
200,1
88
no
Grocers*
800,000
225,000
1,000,000
iimi
Imp. A Traders"
urn 1,500.000
...
Leather Manuf.
Manhattan".
Manuf. ftMer."
.
.
Market
Mcch. Assoc'n.
Mech'lcs
Tr.
ft
888,400 M.ftN.
671,200 A. 4 0.
51 100 P. ft A.
5S.50U May.
54,100 May.
17.80U M.4N.
2:i.7i IU
J. ft J.
217,3;0 .l.ft J.
1,889,900 J. ft J
1»M00 .1.4.1.
7.200 J. ft J.
4? 7,800 J. 4.1.
500,000
100,000
BO
IIKI
600.000
fill 2,050.000 1,015.900 F.4 A
•.11
100,000
r*.4oo J 4 J
101.900 l.ft J
500,000 288 MOO I.ft J.
100
2,000,000
970.601
J. ft J.
Ml
M) 500,000
68,700 M.ftN.
85 800,000
78,000 M.4N.
inn ,000,000
179,0O')|M.4N.
i-id 2,000.000
708,000 J. ft J.
50 1 ,000.000
141.400 J. 4 J.
mil
300,IJ00
50.400 l.ft J.
mo 8,000,000 842.(100 J.ft.l.
100,000
75,600
inn 1,000,000
58 800 M.&N.
ion 2,000,000
700,500 J. 4.1.
mn 200,000
78,' 00 J.ft.l.
mil
300,000
75,000 F. 4 A.
1001 750,000
70 700,000
10S 5(111 1 4 J
77910 J. 4 J.
SO 240,000
25 300,000 107,700 I.ft J.
(id
50 422,700 2!
Q-F.
1002,000,000 8011.500 1 4 .1
25
112,600
120,000 J. 4.1.
20 1.000,000 1-3,100 J.4J.
5(1
125,0,
51 100
100 1,500,000 337.200 F.4A.
100. £00,000
125 800 F.4A.
100 300,000
53,100 1.4 J.
mi)
300,000
81,900 1.4 J.
100 500,000 238,300 J. 4 J.
100' 200,000
41210 .I.ft.
100 800,000 190.100 M.ft N.
100 1,200,000 104,000 J.ft.l.
40 1,000,1100 269 400 J.ft.l.
50 1,200,000 600,000
100
200,000 101,700 I. ft J.
iiii
Island City*
9(17,900 l.ft J.
10
6*
.
Murray
ilill*..
Nassiiu*
NewYcrn
N. Y. Count*..
N. Y. N. Exch.
Ninth..
.
.
No. America'..
North River*.
Oriental*
n
12
12
a
,8*
7
Republic
St. Nicholas...
Seventh Ward.
Shoe
ft
Leather
8tate of N. Y.
Tradesmen's.
West
..
Side'
10
7
B
6
5
7
6
3
7
7
14
14
8
8
8
«H
12
11
8
8
7H
June
9
7
H
2H
7*
2
6
a
3K
ion
Atlantic
117
100
1600
S
711.
Brooklyn
Citizens'
An*.
'79.
S%
6
City
Clinton
184
101)
'76.
'79.
3
July,
'70.
5
July, '79 8
'79.
'7b.
'77.
10
8
7H
10
12
5
7
8
H
8
8
'79. 2l»
'79.
'79. 4
'79. 6
'79.
*79. 4
'79. 4
Vug
'79.
'79.
I'd
Lamar..
12
10
^lg
«
a
8
...
1....
SO
|.
...
'.'.'.'.
\::\.
...
.-
..
1
1
SU
'79.
....
115
July,
a
88
»
9
a
10
10
10
7
7
H
•
'74. Si,
An*. '79. Siv
Aug. '79. 3
July, '78. 3
July, '79. 4
July, '79. 4
a
7
3
July, 79. 3
8
July,
May,
Jan.,
7*4 July,
May,
8
14, 1879,
106
100
[Gas Quotations by George
Gas Companies.
Par.
Brooklyn Gas Light Co
Gas Co (Bklvn)
do
bonds
Harlem
Jersey City ft Hoboken
Manhattan
1.C0O
120
V
Mntual.N. Y
do
bonds
Nassau, Brooklyn
do
scrip
1,000
Var.
Var.
May,
A.ftO.
1898
Feb.,
July,
June,
bonds
certificates
New York
Williamsburg
do
scrip
Metropolitan, Brooklyn
Municipal.
bonds
[Quotations by H. L. Grant, Broker,
Bleecker St.it
1st
Fnltonterry— stk.
mortgage
Broadway d Seventh Ave—stk
mortgage
Brooklyn City— stock
1st mortgage
Broadway ( Brooklyn)— stock.
1st
Brooklyn
,fe
Hunter'*
Pt— stock.
1st mortgage bonds
Bushwlck Av. </,"AI//rt)— stock..
Ventral Pk.. y.,t E. mver— stk
Consolidated mortgage bon- s
Dry Dock, K. B. dt Battery —stk
1st mortgage, cons'd
eighth. Avenue— stock
1st mortgage
Grand St
'id8t.
1st mortgage
A
1st
terry—slock
—
Second Avenue stock
3d mortgage...,
Cons. Convertlulc
Kxiemdon
%Zth Avenue- stock
1st
1st
..
mortgage
r7eet st.&Pav.F'y—tUi
mortgage
Houston,
mortgage
third
1,000
100
100
1,000
100
.'IK
,*<
Aveiue— stock
mortgage
Itrenty-lMra street—stock
190
55
125
98
37
toa
1.15
115
!55
121
145
July.
1882
Jnly,
55
as
100
M
55
90
92* Vt
Jan..
20
90
70
50
75
85
1997
25
100
1,000
KM.
1,000
65
120
ISO
1888
I
«/ Jnly. T» 12
7 |J'ly,1900| 85
1J< Oct , 79, 60
'
Ju y, '84 101
Aug. 79 180
Nov., '80 102
W135
Arr.. 79 95
100
1888
85
20
90
65
102
140
110
150
100
102
25
25
10
800,(100
Wllllamsb'gC.
50
250,000
•
Over
scrip.
25
50
mo
50
8
"77.
10
80
July ^9. 8
io*
80
Mi
'7».
79 8
80
125
130
III)
5
90
78
140
102
105
is
'59.
130
102
160
io?
5
5
July.
6
'79.
4
80
inly. '79.10
210
12
80
July, '79. 6
July. '79.10
18
15
8
Jnly, '79 8
Oct
.
Juiy
13
115
ad
Bf
70
July, '7910
Jnlv, '79 8
ISO
UK)
lb*
Aug.
70
110
m
6
'79
3«
12«
July, '79.
July, "79.
a
10
An/.
SH
'79.
Jniy. '79.
Jn y, '79.
Jnly, '79.
IU
no
128
118
70
80
9J
120
100
6
B
B
AUg
TH. S
Jnly, '79.10
20
as
ao
no
*77.
Jnly. '79. 8
July, '79. 3Sj
'79.
Jn y,
14
10
18
10
\m
170
128
10(1
SH
N'ne J»n.;
6-23
ISO
ISO
toa
'79.
,
170
'fl«
Jan!*, "79.
"79.
"79.
90
7o
120
|4M
110
Ail..
'(-0
i«
00
115
too
9
108
70
139
120
Inly. '79.10
8
'95
Iuly. '79 8
Jan., '79. 6
Jnly. "!9. a
July. '79.10
July, '79. 5
July. '79. 5
Iniy, '79. 5
Jny. 79.10
July. '79. 5
July, '79. 6
10
87
188
180
July.
10
20
16
70
188
180
106
10
ia
18
80
10
80
14
N'ne
N'ne
,
115
S
July, '79
20
SH
250
io
95
80
Ju
11
10
120
140
175
120
20
80
tag
17o
107
ISO
10
46,940 10^ 10
84,688 10
10
13
12
193,078 85
80
15« 18
23,325 10
10
160 272 11-55 12-85
1)8,074 15
17*
31,310 10
10
143,401 20
ia
108.523 25
20
210.962 16
18
101,565 10
10
403,382 20
80
too
ll'l
'
y. '79.
20
12
11
20
80
80
18
128
100
15
5
6
'79.
.
Jnly, '79
ia
10
12
10
103
107
luiy, '79.10
.la..
10
20
10
18
80
SO
lb"
95
1100
y. '79. 8
July,
Sept.
IB
10
10
20
18
20
14
80
17
20
20
Ju
80
S
10
20
10
*79.
170
810
too
115
Ju-y. "79.18 ,180
SO
July. '79. 8
122
Jl.ly. 79. S
Jan.. "79. 8» SO
*79
6 ,80
Jan.,
10
10
10
10
10
10
10
10
„
8H
in y.
20
10
to
io
12
12
13
111,978
400,203'30
102,048 oo
198,687 80
July,
July,
10
III
454,28'. 10
*79. 7
'79. 8
"79. 7
Jn y. "79. a
In y. '79. 7),
July,
10
88
120
16ft
"
8u0
i
io
t Inclusive of
all liabilities. Including reinsurance, capital and fcrlp.
Figure] with a minus sign (— ) indicate extent of lmpal ment.
[Quotations by
City Securities.
Da nisi. A. Moras, Broker,
«*H
45
Bonds
Months Payable.
Ntw
York:
de
Aqued'ctstock.1865.
pipes and mains. .
reservoir bonds
Central Paik bonds. .1853-57.
ao
..1853-65.
do
1870.
U75.
Improvement stock
do
ao
Consolidated bonds.
Street imp stock
1865-68.
1869
....1819.
...
.
do
do
Consolidated
Westchester County
var.
City bonda
P'irkbonds
Brooklyn— Local
!00
iOO&c
80
95
32«
Brldg»
US
ISO
l'H
Jaiuary
do
do
do
do
do
do
7
7
a
a
7
Brldgebonds
Water loan
City oonus
Kings Co. bonds
do
do
Park bonds
a
,
•All Brooklyn bonds
.8
101K
'
7
7
7
Water loan bonds
1,000
1.000
g
ft
to
to
do
flat.
IMy—
Watet loan .long
1869-T1
do
isca-69.
Sewerage bonds
Assessment bonds... 1870-71.
Improvement bonds
maa-m.
Bergen bonds
104
104
108
HI)
1(0
toa
108
123
107
113
107
ioa
us
St..
1
124
112
109
109
128
109
119
108
ue
I
IB
lOB
1879-1880 101
1881-1895 102
1015-1924 125
1900-1924 120
1004 1912,121
1899-1905 110
103
lit
US
119
St.]
128
125
127
lit
1881-1805, .02!^ 111
108
1880-1888 103
1880-1885 101
}? a
,118
1984
1
1907-1910
UO
jeraey City.]
1895
January A July.
1899 1902
January 4 Juiy.
1S78-1879!
do
do
Jan. May, July* v v, :.->78-'.87»i
189-94
.I.ft J. and J ft D.
!»>>"'»>— «nd J"
1900
.
105
102* 105
I
Montgomery
101
107
118
102
118
118
New
July,
do
do
do
May ft Novembe"do
4o
January a July.
do
do
[Quotations by C. Zabbiski k, 4;
lersey
1
iui ,i'eui*i
do
101
8
7
ioo
do
do
do
[Quotations by N. T. Bsbkb, Jr., Broker.
108
40
7
New
100
115
7
a
.var.
var
May Aug. 4 Nov
do
do
do
..1352-60.
due.
1880
1890
1883-1SB0
1884-1911
1884-1900
May ft November.
Feb.,Mav, Aug.ft Nov. 1907-1911
1898
do
do
1805
do
do
1901
May ft November.
1898
1H1U-1SH7
May 4 Novomber.
1889
do
do
1879-1890
do
do
1901
do
do
1888
do
do
1879-1882
do
do
1896
January ft July,
1894
do
do
Feb.,
184i-6S.
waterstock.. 1845-51.
'79 90
'93 105
lib
150
27 Pine street.]
iNTXRRST.
Jnly. '79 41
Dec. 1902 9f
mortgage
Wins 104
Tiiu column shows last dividend on Mocks, but the date of maturity of bonds
1st
85
11,1.1
Dock bonds
do
Market stock
Broadway.]
20
86
1,000
100
1,000
100
1.000
aoKooo
Tradesmen's....
United States..
Westchester...
Waterstock
100
500
100
100
200,000
800,000
200.000
Stuyvesant
Croton
do
Croton
do
to
May,
Aug.
Ju e,
50
100
96«
Jm,e,
t.,
'200,000
198
180
120
'
5
'79.
18
'(in.. '79.10
12-50 18 40 J u y. '79:6-83
20
Apf., |79.10
II
10
duly. '79. S
10
15
Aug. '79. 8
15
15
July, 79. V/i
12
10
July, '79 8s,
10
N'ne inly. T7. 6
12
11
Iuly, "79. 8
II)
133,855 80
21,126
22,054 10
1111,055
4117,251
Aug.
68
200
8UO
170
Jnly. '79. 5
N'ne July,
30
20
304 ,366 20
95
80
00
85
95
80
O
liio
10-72
18
io
98,541 :oo
165,852 aa
104.695 10
101
60
104
60
May,
Aug.,
July,
July,
1
150.000
150,000
000,000
i;«
18
180
Jny '79.10
In y. "79.10
20
80
15
May,
July,
200 000
200.000
200.JO0
200,000
300,000
200,000
20O.O00
800,000
250,000
Star
Sterling
Bid. Ask.
II
300,ono
500,000
350,000
200,000
50
BO
Kill
Rutgers'
Safeguard
St.Nlcholas....
Standard
K
200,0011
25
25
100
25
112
*
Niagara
North P-Iver....
5(1
Republic
Aug
Aug.
I
100
too
100
Relief
100
1.
Central Cross 'lown- stork.
1st
100
1,000
100
1,000
10
1,000
100
100
145
New York Fire
N. Y. 4 Boston
New York City
Kldgewood
,
.
87U
4
6
July,
1,000,000 M.&S.
5,000.000 Quar.
1,000,000 F.& A.
200,000
200,000
200.000
200,000
210,000
200,000
SH
*
25 1,1,(1(1,111111 Var
700,000 M.ftN.
100 4,000,000 M.&N.
10 1 .000,000 J. * .1.
1.000
800,000 M.ftN.
Var.
300,000 J. &J.
50
400,000 F.& A.
50 1,000,000 Quar.
Var. 1,000,000 I.ft J.
100 1,000,000 M.&N.
100 1,500,000
750 000 M. ftN.
Va
People's (Brooklyn)
do
r.
100
Few York
do
3I5.IKK.
50
50
85
Phenlx (Bklyn)
Produce Exch.
3
Date.
Period.
200,'
5,1
People's
Broad Street. I
50 1,850.000 F.4A.
20
750,000 J.ft.l.
50 4,000,000 1.4 J.
100 2.5011,(1011 M.&S
Metropolitan
do
certificates
do
Amount
Merchants'
Moutauk (Bkn)
Nassau (Bklyn)
National
N.Y. Equitable
50
100
Park
Peter Cooper... 80
for the National banks, and
Prentiss, Broker, 24
25 2,000,000
20 1,200,000
Citizens'
do
do
11.
.
H
l'-O
80
m
250,000
200,000
150,000
115
29
8,420
143,113 20
91,141 ho
85,537 10
260,704 20
200,001)
6.
8W
SK
.TO.
.
.
Manuf.ft Build. 100
July, 78.
Ask
Bid.
all
10
Ju y, >• B
N'n- Ian
'77. 4
10
Inly
7s. 6
20
Juno '78.10
20
Aug 79. 8
B
147,083
.
88iJ)47 10
701.104
121,030
889,029
28.078
127,691
100
Manhattan.*
Mech.&Trad'rs' 25
Mech'ics'(Bkn) 50
I
July. '78.
10
10
73,678 12
31,194' io
Last
B
80
80
80
80
1145
203,802 11
119,904|14
210,93S!30
179,80j!2O
88.2801 io
153,200'20
Pacific
3k
'79.
'78.
'79.
'79.
'79.
2(K),000
I87H
I?* July.
4
B81.670 30
80.0, II
11,5 .2 lo ao
188.889 15
BMaa IB
800,000
Mercantile.,
4
280.OIK)
150.000
200,000
150.000
25
50
25
Lorlllard
79. 2J4 136
144
J(.ly,'79. 8
107K ...
July,
,;
Longlsl.fBkn.)
2u
10
50
lull
Lenox
SJi
'79.
SO
20
Knlckerbocket
132^
'77. 3
'79. 8(,
Kill
Lafayette(Iikn;
13lx'l35
2U
25
SO
50
-.7
10
IS
IB
10
BSMM
SO
Importers'ft T.
Irving
Jefferson
Kings Co. (Hkn)
I
500.000
200,000
200.000
200,000
150,000
500,000
58,883
200,000
3,000,000 1,179.591
560
l'O.OOO
94,280
500.000
86,070
800,000
7,41
200,000
200,010 +288,(1
1B810J0 20
150,000
100
ope
65
1,000,000
15
50
Hoffman
3U
150,000
1 50.000
200,000
50
25
Howard
125
20-1,000
100
Some
so
3X115
8U
300,000
200,000
200.010
200.000
5,1
Hanover
1S70
1,000,000 1,010,755
too
Globe
Oreenwlch
Guardian
Hamilton
2%
It
10
Genuan-Amer.
Germanla
'79. 4
'70. SJj 182
'79.
*79. 3
-lull*
Ju y. -79.
July, '79. 4
131
'79.
May,
2 £63
Juiy, '79. 8Jt ....
May, '79. 3 1 91
Ju.y,
July,
July,
July,
A
2H
Ju y,
Aug.
July,
July.
l(K)
80
50
Farragnt
17
Firemen's
Firemen's Fund 10
II)
Firemen's Tr
FranklinftKuip 100
Jan., '77. 8
Jnly, "79. S<4 107 H
July, '79. 7
July, '79. 4
Jan., '78. 3
May,
Continental....
Kicnange
104
5
«
79. 8
July,
July,
July,
July,
...
BO
50
10
Kaglo
KmplreCity.... 100
May, '79. 8*4
Oct., '79. 4
AUf.
May,
May,
May,
inn
Columbia
Commercial
•
3
July,
July,
50
25
25
17
ao
TO
Bowery
Broadway
3
y, 79. 4
July,
IIKI
.',<>
3
1.
1879.*
200,000
4,877
200.000 -10,944
400.000 •(480,19; 15
800,000
68,820 10
200,000
8
200,000
.. 10
300,000 398,757 20
200,000 298,2(11 20
153,000
197,892 20
800,000 488/81,20
210.000
183.191 20
250,000
145,144 20
300,000
-1,422 10
200,000
100.780 2B
25
.Y.Uin
Gas and City Railroad Stocks and Bonds.
Central of
Amount
American
American Kxcli loo
1,KI
Amity
May, 19. B
Ju
«Mj July, '79
0$
1
{ The figures In this column are of date
of date Sep . 13 for the State banks.
Adriatic
1U!4
79.15
'79.
Juiy,
July,
.
People's*
8
5
8
138
225
.
-
'79.
8W
'O- July, '79. 3J4
.
1
Park
10
10
1
Merchants'. ..
Merchants* Ex.
Metropolis*.
Metropolitan ..
'79.
'79.
'79.
'7a.
'79.
May,
18
27,000
300.00C
July,
11
«.-,
Fulton
July
Pmci.
DlViriMDS.
Hurplui*
COKTAMIBS.
far.
11X1
Broadway
Ask
Did.
Last Paid.
Period 1877. 1878.
List.
linker,; Pine Ureal.)
Net
Capital.
5
B. luit.av.
Phios.
Dividsspb
Surplus
at latest
Miirk'dthUK (*J
are not Nal ..
'
THE CHRONICLE.
1879.]
4,
.
98
103
97
97
<"
97
114
:
:
:
—
THE CHRONICLE.
35(5
[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
%\wzstmmt$
operation to-day
STATE. CITY
First— From Emporia to Eureka, bearing south to Greenwood county, a length of fifty miles.
Second— From Florence west to McPherson county, fortySaturday
AND CORPORATION FINANCES.
The Investors' Supplement Is published on the last
of each month, and furnished to all regular subscribers of the seven miles.
Third From Wichita (which has been the terminus of a
No single copies of the Supplement are sold at the
Chronicle.
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, going southnp with The Financial Review (Annual), and can be purchased
west, to Wellington, Sumner county, 22 miles. On the New
in that shape.
Mexico extension of the Atchison Topeka & Santa Fe road they
are laying track from Las 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 disNorfolk & 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 & Tennessee sectional bonds
2,395,590
Funded interest notes, issued by consolidated company
134,584 smaller amounts, to be paid in cash, and for the balance of the
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
—
ANNUAL
REPORTS!
Total
$14,705,674
The Court has ordered the cancellation of $166,600 divisional
and $474,000 consolidated bonds held by the receivers. By
authority of orders of the Court, the Receivers have extended
for ten years from January 1, 1878, Norf Dlk & 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
1877-78.
$413,816
$447,202
1,321,472
13,034
$1,673,131
$882,973
v . 177,115
$1,781,710
$1,074,745
220,075
$1,060,088
$1,294,820
$612,043
63-40
$486,889
72-67
Boston Bank Dividends.— Mr.
Joseph G.
Martin, stock
broker, No, 10 State street, Boston, in
his October list of
" Of the sixty-one
interest and dividend payments, says :
banks within the limits of Boston, one pays 5 per cent (2^6
per cent quarterly), seven 4 per cent, two 3?£ per cent, eleven 3
per cent, six 2}& per cent, nineteen 2 per cent, 5 pass, nine undecided, and the Pacific divides January and July. Some of the
banks are very backward in making np their dividend accounts,
notwithstanding the late date in the month, and we are compelled 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 increases from 2 to 2J£ per cent, Hamilton 2 to 3, New England 3
to 3?6, 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 3/6 to 3 per
The National Security pays 2% quarterly, the same as
cent.
in Jnly last.
The following pass: Boston National, Central,
Manufacturers', Merchandise and Mount Vernon. Several re'
Total
Net earnings
Percentage of
1873-79.
1,250,928
7,386
—
of California Stock. San Francisco. Sept. 30. A cerof diminution of the capital stock of the Bank of California from $5,000,000, divided into 50,000 shares, to $3,000,000,
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.
Bank
tificate
all
expenses
From the net earnings the sum of $49,045 was expended
" further construction, leaving a net balance of $562,997
for
for
the year, against $430,133 for the previous year. Gross earnings were decreased by lower rates, and by the loss of through
traffic caused by the yellow fever.
There are now- in the track
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.
Passengers earned
129,240
149,577
Passenger mileage
8,079,780
9,470,228
Tons freight carried
349,632
340,866
Tonnage mileage
73,662,480
70,797,576
v. receipts per passenger per mile
3-77 cents.
3-55 cents.
Per ton per mile
1-69 cents.
l-86cents.
The Receivers' total receipts and disbursements were as
follows:
Cash balance, July 1, 1878
$58 836
Receipts from all sources
1,895,997
A
Total
Balance on hand June 30, 1879
Receivers' resources and liabilities June 30,
Cash on hand
Accounts and balances receivable
The
Total ......
Receivers' certificates
Accounts and balances due
Back labor pay-roll unpaid
Receivers' pay-rolls, including June
Interest on funded debt
271,299
$501,882
$57,689
84,072
6,633
42,492
190,741—381 628
Excess of resources
$120,253
old floating indebtedness of the company was decreased
during the year by the payment of $72,001 on account of unassigned back labor claims; $8,104 for interest on divisional bonds
accruing before July 1, 1876, and $143,800 on Receivers'
collateral notes, making $223,906 in all. The Receivers' collateral notes were paid out of proceeds of sale of $144,000
-divisional bonds. There was paid out for interest on divisional
bonds, due July 1, 1878, and Jan. 1, 1879, the sum of $349,150,
and provision made for payment of the coupons due July 1.
'
The
1879.
GENERAL INVESTMENT NEWS.
& Santa Fe.—The 8t. Louis Republican of
Sept. 25 said of the extensions of this road
" The Atchison
Topeka & Santa Fe Railroad, which has been extending its track
in all directions, will open to-day three or four different
branches, having built in Kansas alone 157 miles, besides the
New Mexico extension, of which 114 miles have been constructed
Atchison Topeka
:
from Atchison, Kan., to Gaylord, 227 miles ; Greenleaf,
Kan., to Washington branch, 7 miles ; Concordia to Scandia
branch, 13 miles ; Downs to Osborn, 10 miles ; total, 257 miles.
Downs is the end of the second division, 208 miles from
Atchison and junction of the North and South Solomon
The grade is all ready for iron from Osborn to
divisions.
Bull's City, 14 miles j from Gaylord to Kirwin, 15 miles, and
will soon be completed from Jamestown through Jewell Centre
to Burr Oak, 34 miles.
tion
Chicago Bnrlington & Qnincy.— The Boston Daily Advertiser
"This company is building four branches in Iowa
which will have a total length of 112 miles. The Leon ( Chari$230,583 ton) branch is extended to Mt. Ayr, in Ringgold County, a dis1879, were:
tance of 35 miles. The track has been laid to Davis City, and
$230,583 if possible the road will be finished to Mt. Ayr to October 1, to
$1,954,833
1,724,249
Expended
—
sume which passed previously viz., Commerce, Commonwealth, Globe, Shoe and Leather, and Traders'."
Central Branch Union Pacific—This road is now in opera-
reports:
secure the necessary aid of $40,000. The Clarinda extension
from Clarinda south, 21 miles, is to be finished this year. The
extension from Red Oak northward up the Nishnabotna Valley
will be completed 20 miles this year."
Chicago Milwaukee & St. Paul.—The issue of $4,000,000 of
30-year 6 per cent coupon bonds of the Chicago Milwaukee &
St. Paul Railway Company are offered for sale by Messrs. Winslow, Lanier & Co., 26 Nassau street, and Messrs. J. S. Kennedy
Co., 63 William street, at 101 and accrued interest the right to
advance the pric» being reserved. These bonds are secured by
a first mortgage on the Southwestern Division, formerly known
as the Western Union Railroad, which extends from Racine,
Wis., to Rock Island Junction, 111., the length, including
branches, being 212 miles, and which is leased by the Chicago
Milwaukee & St. Paul Company for 999 years. They are of
the denomination of $1,000 each, due July 1, 1909, with interest
payable on January 1 and July 1, and provision is made for
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.
—
&
& Northwestern.— A Milwaukee despatch of Sept.
the Chicago Tribune, said The consummation of the sale
to the Chicago & Northwestern Railway Company of the entire
line of the Sheboygan & Fond du Lac Railway, extending from
Sheboygan to Princeton, seventy-eight miles, puts an effectual
quietus on all further speculation as to the route that will be
selected for the Northwestern Company's proposed air-line conChicago
26, to
:
October
THE CHRONICLE.
4, 1879.J
nection with Milwaukee from the Northwest. The purchase
just effected settles the route definitely in favor of EIroy, and
against Lodi. Madison and Baraboo.
The Chic. & North, has also completed the Chic. & Dakota
Railway, which is virtually a branch of the Winona & St. Peter
division. The new line branches off at Tracey, 241 miles west
of Winena, and runs to Lake Benton, in Lincoln County, within
a few miles of the Minnesota State line. The distance is thirtyfive miles, and the road was opened for traffic on Monday, Sep-
—
tember 29.
Coal Combination. A combination agreement has been
signed on behalf of all the New York companies and the
Philadelphia & Reading. The New York Times reports of the
—
negotiations:
" President Gowen, of the Reading Coal Company, arrived in this
city yesterday with another modified draft of an agreement for submission to the coal magnates of this city. It gave each company the right
to dispose of its production iu any way It might please, and provided for
the formation of an exchange, to be composed of sales agents who should
meet daily, or as often as might bo necessary, and agree upon advancing
tariffs of prices; the agreement to have no binding force unless signed
by every interest before Oct. 10. Mr. Gowen lirst snowed It to President
Lathrop, of the Central Railroad of New Jersey, and Becelver Tilling
hast, of the Lehigh .t Wllkesbarre Company, who have been his
active coadjutors in endeavoring to bring about a combination. Of
oourse, both signed it Immediately. Then, in company with Receiver
Tillinghast, he took a carriage and drove to the office of the Pennsylvania Coal Company, where President Hoyt's signature was obtained
without difficulty. President Sloane, of the Delaware Lackawanna <fc
Western Company, was next visited. Ho refused to sign until President
Dickson, of tho Delaware <Se Hudson Canal Company, should first do so.
That gentleman was thereupon seen, and he demanded the insertion of a
olause enforcing restriction of production whenever the market should
357
Company et al., the resignations of John Brans and A. G. Dulman as trustees for the bondholders of the road, and the
appointment of Jay Gould and Russell Sage as their successors
in trust, was filed yesterday.
A stipulation was also filed that
the names of Gould and Sage should be substituted in lieu of
Evans and Dulman in all further proceedings in the court. It
was also stipulated that the appeal to the Supreme Court of
the United States should be no further prosecuted."
Elizabeth City Bonds.— In the United States Circuit Court at
Trenton, N. J., Sept. 29, before Judges McKennan and Nixon,
an application was made for an injunction against the financial
officers of the city of Elizabeth, and for the appointment of a
receiver, based on a suit brought by Peter Goefet and others
against the city. The bill sets forth that complainants are citizens
of New York; that the charter of the city limited its indebtedness for street improvements to $20,000 per annum, but that the
Legislature, from time to time, permitted the amount to increase
until now the bonded debt is $5,405,500, and the temporary debt
$1,006,106. The suit is brought to recover $9,000 interest on
$129,000 worth of bonds held by the plaintiff. It is alleged that
the money collected by the city was not applied for the purposes authorized by the Legislature; that the assessments now
due the city amount to $1,902,000, with interest from various
dates. The unpaid taxes on July 1, 1879, amounted to $424,440,
with interest of ten and fifteen per cent. The real estate and
personal property of the city aggregate $11,853,213, subject to
deduction on account of sworn liabilities of $441,095. The levy
last year was $525,021.
The collection of this levy was imposthe amount taken in being only $284,965, a good deal of
A clause was drafted authorizing whoever sible,
booome glutted.
Secretary, upon
being notified that the which is paid in rebate certificates of no value to the treasury.
as
shall be chosen
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 makes a two-third vote of the entire interest
would plunge the city into chaos. The city should be allowed
requisite to order a restriction, and the consequent allotments are to be
based upon the respective outputs of the several companies from Oot. 1, to make terms with its creditors. The united States Court
1879, to the date at which the restriction Is determined upon. This was might go too far if it granted this application. The matter
satisfactory to Mr. Dickson, and he signed the agreement as amended. should be left to the State courts.
The Court took the papers
It also proved satisfactory to President Hoyt, Receiver Tillinghast and
President Lathrop, to whom it was shown, and President Sloane made and reserved its decision,
no further difficulty and attached his signature likewise. President
European & North American.— The United States Circuit
Lathrop then took Receiver Tillinghast's place in the carriage, and he Court has given judgment against this company in the Greenand President Gowen drove to the New York Lake Erie & Western Comough
suit, and ordered a decree of foreclosure against the 13
Jany's office, and succeeded in securing the signature of Presideut
ewett. 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
was at once dispatched to Philadelphia for submission to those gentle- taken to the United States Supreme Court.
men. Whether they will sign it or not is an open question, but its originGreat Western of Canada.— A London despatch of October
ators profess to believe that they will. President Sloane said that if the
" At the meeting of the shareholders of the Great
agreement should be ratified he will discontinue his monthly sales of 2 says ;
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 policy of the board respecting a fusion of the Great Western
immense speculation in the stocks of the companies affected was the
result. Of Erie 109,000 shares were dealt In, at an advance of l>a per with the Grand Trunk Company were adopted by a large macent of Delaware Lackawanna &. Western, 91,250 shares, at an ad- jority of the shareholders present. The discussion upon the
vance of t>3u 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 A Hudson 10,000 snares, at
an advance of 4H per cent. It was reported last evening that the against the proposed union of the two companies were disLehigh & Wllkesbarre and Reading Company would make an advance cussed at length, and the advantages to be expected from the
of 25 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
County Debts In Missouri.— The Jefferson City ( Mo.) State " County Collector Kingsland of Hudson County, N.reports:
J., has
Journal has compiled a statement showing the aggregate
given notice that there is no money in his hands. The following
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 cor1874.
1875.
1876.
1877.
1878.
rect, but thinks it will be found approximately so, as in most Jersey City
$42,409 $76,755 $105,293 $150,037 $151,835
13,691
instances the information has been obtained from official Hoboken
12,793
16,953
sources. The aggregate is $40,820,802. Next to St. Louis, Bayonne City
West Hoboken
3,287
2,822
Jackson County owes the largest debt, $1,371,000; next comes North Bergen
428
22,019
1,649
5,990
Lafayette, with $1,215,871; then Howard, with $849,600; Pettis, Union Township
386
4,409
12,774
6,491
with $837,000; Henry, with $598,000; Calloway, with $584,300; Harrison
Kearney
5,233
12,543
9,108
Cooper, with $510,000; Buchanan, with $458,000; Boone, with
Total
$437,000; Franklin, with $346,000; Daviess, with $344,500;
$42,409 $£0,042 $117,012 $218,978 $198,456
There is a total of $673,001 due the county for unpaid taxes.
Greene, with $327,000; Dade, with $290,000; Clay, with $268,000,
and other counties with smaller amounts. There are 21 coun- The floating debt of the county is a little over $200,000 "
ties with no bonded debt at all
Barry, Bollinger, Carroll, CarThis road, which was
International Ss Great Northern
ter, Cedar, DeKalb, Dunklin, Gasconade, Harrison, Hickory, sold under foreclosure July 31, is advertised to be sold again in
Holt, Iron, Miller, Mississippi, Moniteau, Newton, Osage, St. Austin, Texas, Oct. 13, under the decree of foreclosure of the
Francois, St. Louis, Scott and Stone. The St. Louis Republican, United States Circuit Court. According to the notice, the
however, says:
have reason for believing that this property is to be sold under the following conditions
" Substatement is unreliable as a whole. It takes the statements of ject to the prior lien of all mortgages executed by the said
municipal obligations as returned to the State Auditor's office railroad companies previously to the execution of the mortseveral years ago, and does not recognize the modifications gages or deeds of trust for the foreclosure of which the said
made by the refunding processes that have been going on in suit was brought, and subject to any disposition which may
the last three years, by which the debts of many counties, have been made of said property by any proceedings had under
notably Lafayette and Calloway, have been materially reduced." such prior mortgages. The purchaser will be required to pay
Delaware & Hudson Canal. The report of earnings and 10 percent of the whole purchase money in lawful money of
expenses of the railroads owned and leased by this company the United States at the time of sale, and on the delivery of the
lave just been received for the month of July, as follows:
deed so much more of the total purchase money, in like lawful
July, 1878.
July, 1879
money, as shall be necessary to pay and discharge any obligaGross earnings
$346,351
$428,044 tions, liabilities or indebtedness of the receiver appointed in
Expenses
196,192
221,083
said cause, and all unpaid taies upon the said premises, and all
Net earnings
$150,159
$206,9G1 costs, fees, allowances, compensation and commissions provided
for by the decree in said cause, and all the expenses of sale.
Increase in gross earnings
$81,693 statement
of the amount of money required for the said purIncrease in netearnings
56,802
For the same period the earnings and expenses of the Albany poses will be prepared by the undersigned (the Master) as
as practicable, and announced and submitted for
& Susquehanna Railroad (included in the above) were as accurately
inspection at said sale. The remainder of the purchase money
follows:
may be paid in the bonds and past-due coupons secured by the
July, 1
July, 1879.
Gross earnings
$72,895
89,356 mortgages or deeds of trust executed by the International
Expenses
43,622
50,829 Railroad Company to said complainants on Jan. 15, 1874, and
by the Houston & Great Northern Railroad Company to said
Net earnings
$29,273
$38,527
complainants on the same day; that is to say, the bonds and
Increase iu gross earnings
$16,461 past-due coupons secured by the first mentioned mortgage will
Increase iu net earnings..
9,254 be received in payment for the first above-described parcel of
Denver Pacific.— The Denver Republican, September 25, said: property, and the bonds and past-due coupons secured by the
" In the case of Carlos S. Greeley w. the Denver Pacific Railway other mortgage will be received in payment for the parcel
i
;
;
—
"We
:
—
A
THE CHRONICLE.
358
secondly above described such bonds and coupons in either
case being received only .for such 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
reorganization and to give a complete title to the property.
Louisiana State Howls. Mr. Matthew Bird has issued a
circular requesting the Louisiana bondholders to deposit at the
Bank of New York one-half of 1 per cent of the face of their.
bonds, for the defraying of expenses, within thirty days, if
they desire to participate in the benefits arising from the pro-,
ceedings about to be taken.
•
Louisville & Nashville. The annual meeting of the stockholders of the Louisville & Nashville Railroad Company was
held in Louisville October 1, and, a vote being taken, three New
York men were put into the Directory. They are Edward H.
Green, George 0. Clark, and J. P. G. Foster. The other Directors are E. D. Standiford, H. V. Newcomb, B. F. Guthrie, W.
B. Caldwell, H. C. Murrell, William M. Farrington, G. A. Washington, and James H. Hays.
Missouri Kansas & Texas.— The Union Trust Company of
New York, Trustee, pursuant to agreement of March 1, 1876,
will, on and after Monday, Oct. 6, pay $20 and fund $15 upon
coupons matured Feb. 1, 1878, of the consolidated first mortgage land grant bonds of the Missouri Kansas & Texas Bailway Company, which have been stamped, subject to said agreement. Coupons cut from registered bonds must be accompanied by an order from the registered holder, and all coupons
must be left over night for examination.
Mobile & Alabama Grand Trunk. The plan proposed for
reorganizing and completing this road is as follows
1. That all the outstanding bonds be placed in the hands of
trustees, with power to cancel the same and receive in exchange
therefor a like amount of new 6 per cent secured mortgage
bonds, of which 75 per cent tc be distributed pro rata among
the holders of the canceled bonds; and the remaining 25 per cent
to be conceded to the contractors completing the road to Uniontown.
2. Present mortgage to be canceled of record, in order to
;
—
—
—
:
relieve all existing liens.
'
—5 8
:
:
:
3. New first mortgage bonds, bearing 6 per cent interest, payable 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 connection at Uniontown, or $1,400,000.
4. New second mortgage bonds, bearing 6 per cent interest,
?ayable semi-anually, to be issued, in amount not exceeding
1,200,000, to be applied exclusively to retiring the present outstanding 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 maturity.
5. Floating debt and judgment liens to be assigned to trustees, to be settled at 50 cents on the dollar, in second mortgage
|
Vol.
XXIX
—
&
Mississippi. The World money article of September
" The October coupon on Ohio & 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
October 1. The Springfield division bondholders now withhold their assent from the scheme of reconstruction, and their
recent advantage in court may lead to better treatment of their
bonds than was proposed in the scheme."
The receiver of the Ohio & Mississippi road has paid off
another $100,000 of floating debt, for which $250,000 " Springfield Division" bonds were held as collateral.
Of the second
mortgage bonds over $3,000,000 have assented to the proposed
plan of reorganization.
A despatch in the Chicago Tribune of Oct. 1 says that the
Reconstruction Committee of the Ohio & Mississippi Railway met
in New York last Thursday and failed to agree upon any plan of
adjusting the financial difficulties of that road. The second
mortgage bondholders and floating debt creditors signed the
agreement for the reorganization of the road; but the Springfield bondholders, since the decision of Judge Drummond
declaring the bonds valid, declined to scale their bonds, thus
defeating the reorganization.
Ohio
30 said
—
—
Paterson City-— The bids for $15,000 new sewer bonds—
per cents due 1902 included one for the whole loan at 101*13,
by Mr. C. Zabriskie, of Jersey City, who took the loan.
—
South Carolina Bonds.— A press despatch from Charleston
reports the decision of the Supreme Court of South Carolina
in the State bond cases, involving the validity of the consolidated bonded debt of the State, as follows
First— That all the bonds issued under an act entitled " An act to
reduce the volume of tne public debt aud provide for tho payment of
the same" are valid obligations of the State of South Carolina, except as
follows
1. Such as were Issued in exchange for bonds issued under the act
entitled " An act to authorize a loan for the relief of the treasury," or
for the coupons of such bonds.
2. Such as were issued in exchange for the second issue of bonds under
an act entitled " An act to authorize a State loan to pay the interest on
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 tho two classes of bouds last mentioned, 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 obligation of the State.
Third—That the burden of the proof is upon tho State to show that
any particular bond wltieh may be brouglit 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, aud 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 Haskell 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.
bonds at par.
New York Lake Erie & Western.— The Evening Post money
" The secretary of the New York
article of Thursday says
Lake Erie & Western Railroad Company has published the byTaxation on Municipal Bond--.— Albany, October 1, 1879.
law adopted by the directors which appoints the last Tuesday
in November as the day for the annual meeting of the bond and The Attorney-General has written the following opinion
" Mb. John Hadcock: In answer to your letter inquiring how
stock holders of the company for the election of directors.
" We quote from the by-law as advertised by him
town bonds must be assessed which have been deposited by
" The said directors shall be voted for by ballot by the bond and share- their owners in certain banks for safe keeping, I have the honor
holders in person or by proxy. All holders of registered bonds and the to say that in the cases you mention the bonds should be
registered owners of bonds for thirty days previous to an election of assessed in the town or ward where he resides, when the assessdirectors or to a meeting of stockholders shall be entitled to vote at such
election and at suoli mceiing of stockholders, and to cast one vote for ment is made for all personal estate owned by him, including all
each $100 of the principal of the bonds held by them, under such regu- personal estate in his possession or under his control, as agent,
:
:
—
:
'
lations as the directors
may from time
to time adopt.'
trustee, guardian, executor or administrator (chapter 176; sec-
" The bonds above named a3 well as others ($2,500,000 Prior tion 2, Laws of 1851). Bonds deposited in a bank for safe
Lien) not issued are entitled to vote under article 15 of the keeping are not in the possession or under the control of an
mortgage under which all the bonds are issued, and which is as agent, within the purview of this statute. The bank has no
follows
power over them, and is not responsible for them in case of loss.
" Holders of bonds secured by this indenture shall be entitled to one
A bank has no authority to become a bailee of property (60
Tote 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- N. Y., 278). Assessors must ascertain in the best way they
can who are the persons liable to assessment within their terriporation, under such regulations as to registry, and so forth, as the com
pany, party of the first part, may-prescribe.'
The statute p: ovides that " between the 1st
torial jurisdiction.
" The last Tuesday in November this year comes on the 25th. days of May and July in each year they (the assessors) shall
" The following shows the stock and bonds which can par- proceed to ascertain by diligent inquiry the names of all of the
taxable inhabitants in their respective towns or wards, and also
ticipate in the election:
all of the taxable property, real and personal, within the same."
Common stock
$78,000,000
ascertain by diligent inquiry the taxable
Preferred stock
8,536,900 The duty imposed is to
inhabitants and property. The mode of executing that duty is
Total stock
$86,530,900 left to the intelligence and good judgment of the assessors
Second consols, 6s
$25,000,000 themselves. The law requires of them fidelity and vigilance in
Second funded, 5s
8,597,400 the discharge of their duties. It does not exact from them more
Total
$33,597,400 than they are able to perform, nor clothe them with power of
" It is, of course, known that one-half of the stoebis, under the compulsory process or any other method than "diligent
plan of reconstruction, in the hands of Voting Trustees,' to inquiry" to ascertain what persons and property are liable to
be voted by them until dividends for three consecutive years taxation. In the cases you mention you are to assess the
have been paid on the preferred stock. In other words, the owners of the bonds, and to ascertain in the best mode you can
• Voting Trustees' have in possession on 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
quarter of fiscal year June, July, and August, 1879, are
total of
:
'
.'
'
,
—
$76,865,850.
If
the voting trustees held one-half of the
bonds which vote (the second consols', or in figures about
$17,000,000, they would have absolute control in any contest;
but, unless we have erred in our examination of the matter,
they will not have the majority unless they own or control more
than one-half of the total of $120,134,300 bonds and stock
together which carry the voting privilege."
—
reported as follows
Earnings
:
Expenses
Net earnings
Net earnings
for
same time
Increase over last year
last year
$467,563 50
285,988 07
$181,575 43
105,009 1
$76,566 25
:
October
.
.
.
:
THE CHRONICLE*
4, 1879.]
359
O O T T O N.
"TjoITmeIicTXl epitome.
Friday Night, October 3, 1879.
There has been less speculative excitement in the general
markets for the past week than for the two or three weeks
immediately preceding. The leading operators seem to have
called a " halt" along the whole line, and to be engaged in considering their position. The weather has been almost unseasonably warm, and generally dry, just what was needed for
cotton at the South and for corn 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 articles
•of domestic ana foreign merchandise at dates given
tea.
and
SuSar
HiiL-ar
783
400
423
293
386
11,950
3,290
1,547
1,339
391
389
364
4,108
18,819
5,006
10,741
4,506
101
2,439
5,457
816
5,314
20,689
971
381
102,303
130,990
70,010
122,199
102,402
410,939
377,448
153,111
344,131
235,808
hhds.
hhds.
bbls.
bales.
bbls.
bbls.
bbls.
Oct.
1.
1.
69,104
JiJ'^S?
50,694
46,214
26,827
42,389
65,365
24,823
519,000
2,474
1,359
1,624
2,303
6,250
1,125
1,264
15,000
3,010
22,170
19.967
and
tcs.
63,640
}T'!f
7i)
44,0 12
11,094
12,663
1,583
57,278
9.110
75,900
1,000
1,705
3,165
1,000
43,900
75,208
30,642
2,515
152,325
34,100
33,120
5,368
l,«o7
268
;
-
-
Orleans
Mobile
1878.
Oct. 1.
4,350
0,400
None.
1.520
None.
33,630
bam12,250
6,150
bags.
2,107
3,532
bales.
Jute
18,900
26,016
bales.
Jute butts
bales.
14,033
36,171
Manila bemp
In provisions business has been of less liberal proportions, but
values on the whole have remained firm, though at times some
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 58 ; prime do. »9 50 ; for future
delivery there were no sales; October quoted $9 35@9 50. Lard
sold on the spot at 6^c. for prime Western October delivery
sold at 6 52^@6'55c; November, 6 17^c; December, 6-17}6<b
6-12^c; seller the year, 6-10@8-12^c; January, 6-17&@6-20c.;
refined for the Continent quoted at 6 75@6'90c, as to quantity.
Bacon was firm at 5/fc for long and short clear (together),
deliverable here in December. Butter and cheese have latterly
been quiet, shippers being unwilling to pay the advanced rates
for ocean freight room.
There has been rather more doing in Kentucky tobacco, the
sales of the week aggregating 700 hhds., of which 550 were for
export and 150 for home consumption. Prices are therefore
steadier at 3^@5/^c. for lugs and 6@12c. for leaf. Seed leaf
has continued in request at full prices, and sales for the week
are 2,019 cases, as follows
967 cases 1878 crop, Pennsylvania,
12@21c; 384 cases 1877 crop, Pennsylvania, 10@30c; 252 cases
1878 crop. State, 15c. and private terms ; 366 cases 1878 crop,
New England, ll(§)22/6c.; and 50 cases 1877 crop, New England,
12@20c. Spanish tobacco in fair request, and the sales are 600
bales Havana at 82c.@$l 05, and 81 bales of Yara on private
bugs.
bbls.
17,507
12,811
34,396
hhds.
boxes.
bum, &c.
Spirits turpeutino
38,853
19,750
....
No.
Tar..
Rice, E.I
Rice, domestic
l.iusced
Saltpetre
426
1875.
123.826
bajrs.
Hides
Cotton
Rosin
401
29.501
10,117
18,992
1,102
17,562
15,772
1876.
285
mats.
Melado
9,619
6,826
12,193
1877.
119,760
16,271
43,859
78,294
73,300
65,809
83,732
28,097
642,000
4,044
8,004
5,000
89,400
35,320
26,595
ban.
If olasses, domestic
12,414
5,394
29,368
ten.
hales.
hlids.
Mnlimnon. fnrrlrn
1878.
89,488
Lard
'Tobacco, foreign
Tobacco, domestic
Coffee, Rio
Coffee, other
Coffee, Java, &c
Hu-ar. '"".'.'
1879.
bbls.
bbls.
1879.
1879.
Beef
Receipts tbls w'k at
New
30.580
14,692
20.603
2,122
35,486
17,540
Sept.
Pork
Fbidat. P. M., October 8. 1879.
Tiik Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Oct. 3), the total receipts have reached 162,303
bales, against 127,729 bales last week, 70,933 bales the previous
week, and 30,054 bales three weeks since; making the total
receipts since the 1st of September, 1879, 410,939 bales, against
377,448 bales for the same period of 1878, showing an increase:
since September 1, 1879, of 83,491 bales. The details of ths
receipts for this week (as per telegraph) and for the corresponding;
weeks of four previous years are as follows:
&o
Tennessee,
North Carolina
Vorfolk
City Point,
Total this
<feo
week
Total since Sept. 1.
terms.
In Brazil coffee? an active movement has continued in progress, and further improvements in prices have taken place
Mild grades have had a good
fair cargoes quoted at 15)^c.
demand from the trade and full prices nave been current. Kice
is rather quiet at the moment, but all values are more or ,less
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.
Baw grades, on the contrary, have been very firm, ss 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 prevails.
The demands are principally from the grain trade. Today, all rates were firm, with grain to Liverpool, by steam,
taken at 9d , 60 lbs.; do. to Bristol, by steam, 9a.; do. to Liver-
10.13.-f
2.1.
616
733
11,448
1,413
2,720
14,375
The exports for the week ending this evening reach a total of
30,903 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
Below are the
made up this evening are now 298,831 bales.
stocks and exports for the week, and also for the corresponding
week of last season:
EXPORTED TO—
Week
Oct.
Britain.
3.
France.
nent.
300
X. Orl'ns
Mobile..
this
Same
Week
Week.
1878.
Total
ending
2,628
2,928
....
Cuarrt'n
3,811
5,858
4,036
21,248
s.ivan'h.
Ualv't'nS. York.
NorfolkOther*..
....
....
3,814
'5,858
....
1,480
1,982
2,510
5,516
25,740
....
STOCK.
1879.
1878.
6,997 60,129
1,100
9,884
10,008 32.623
8.510 54,000
3,879 44,832
11,455 71,394
15,964
3,952 10,000
17,713
9,963
44,868
61,71*
36,988
1
39.168
1,200
17,000
7,107
....
....
7,107
42,063
2,810
6,090
50,963
45,901 298,831 231,703
80,947
4,784
6,297
98.028
76,904
-
:
. .
5,461
21,887
9,362
rot. this
week..
Tot.slnoe
Sept.
1.
.
..
The exports this week under the head of "other ports" Include, from
Baltimore, 2,075 bales to Liverpool; from Boston, 4,538 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 inareate
in the exports this week of 5,062 bales, while the stocks to-night
are 67, 1 28 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.
add also similar figures for New York,
winch are prepared for our special use by Messrs. Carey, Yale &
Lambert. 60 Beaver street
We
On
;
AT—
Oct. 3,
New Orleans.
Mobile
Charleston. .
Savannah
Jialveston
Vew York
Other ports..
Liverpool.
'
Shipboard, not cleared— for
France. Other
Foreign
138
None.
Coast-
Leaving
Stock.
wise.
None.
3,000
19,076
None.
7,870
16.000
2 1 ,276
'21,195
7,000
40,453
9,884
24,758
38,000
23,556
50,199
18,964
8.544
93.017
203,814
839
14,173
None.
6,970
7,500
13,690
12,100
4,000
4,526
None.
200
200
4.200
3.581
None.
Noue.
4,000
3,500
1.000
None.
58.433
9.8'26
8,119
500
300
)
Total.
None.
505
;
pool, 5s. 3d. per qr.; refined petroleum to
Hamburg,
4s.;
The following
;
;
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 Glenfarnoch. Ingot copper has advanced, with 500,000 lbs. sold at
9>2C for Lake.
our usual table showing the movement of
from Sept. 1 to Sept. 26, the latest mail dates:
EXPORTED SINCE SEPT.
RECEIPTS SINCE
SEP! \
PORTS.
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 7Mc. for refined, in bbls.,
this month's delivery.
Lead, closes very firm at 4}£c. for common domestic, after sales of 3,000 tons at 4@4Mc. American
pig iron has further alvancad, 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
526, and 40,000 tons to arrive at $25 50. Rails are very firm
the late sales embrace 125,030 tons steel, quoted at $50, and
is
cotton at all the ports
in
cases to Java, 45c.
20,000 tons English steel to arrive at $54 50.
Total..
Included in this amount there are 8,095 bales at presses for foreign ports, the
destination of which we cannot team.
•
1879.
N.Orlns
Mobile.
Char'n*
Sav'h..
36,610
14,981
37,055
66,800
53,102
2,138
1,340
8,017
«alv.*
-V.
York
Florida
N. Car.
Norrk*
Other..
21,506
4,037
This jr.
243,630
La*t ye ar
•
1.
Great
Britain.
1878.
TO—
France. Foreign
Total.
18,925
9.32S
49,436
90,041
51,923
8,597
210
36
8.843
467
683
30.375
1,704
20
32,139
142
142
7,589
11,352
3,714
24,370
8,606
22,034
3S.160
34,737
50,305
1,216
9,99»
7,800
1
246,458
....
....f
9
5,912
44,834
1
,o.74;
207
26,501
2,840'
1,662
5,921
47.065 197,227
31003
1
71.063
included Pon Roval, Ac.: under the head of
Included Indianola, to.; under the head of Norfolk is Included Lrty
Under the head of OharUston
9iUve»ton is
Point, to.
1
Stock.
Other
is
..
.
THE CHRONICLE.
360
The market has been variable for cotton on the spot. There
was a recovery of £c. on Saturdty, to 10|c. for middling uplands,
followed by a decline of -Jc. on Monday, Jc. on Tuesday, and £c.
on Wednesday, to lOJc. for middling uplands. At the reduction
there was a larger business, both for export and consumption.
Yesterday, there was no quotable change. The deliveries on
contracts, which had been very large on the closing days of September, became much smaller on the 1st of October. To-day.
there was a good business for export and consumption, and
Bales.
were nominally unchanged, closing at 10|c. for middling
uplands. The speculation in futures has been less active, and a
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-
1,700
prices
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 depression
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 are 152,100
bales, including
free on board.
For immediate delivery the
total sales foot up this week 8,297 bales, including 3,970 for export,
for
consumption,
3,977
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:
tracts,
;
—
—
UPLANDS.
Sat. Mon Tues
Sept. 27 to
Oct. 3.
NEW ORLEANS.
97,6
95,,
99,
9>16
StriotOrd.. 91*16 9Hl6 97, 8
91*16
Good Ord.. 10319 101 ia 913,, 105J6
8tr. G'd Ord 107i6 10»16 101 is 109,6
Low Midd'g 109i6 107, 8 103,6 1011,,
Btr.L'wMid 10% 10=8 103g lo'a
Middling.. lO'e 10%
10ia
ll
Good Mid
1034
11% 11
11>4
8tr. G'd Mid 1138
Ilk 11
11%
Midd'g Pair 11 78 1134 11% 12
Fair
12»8 12%
12 % 1234
.
Wed
Ordin'y.tflb
StriotOrd.
Good Ord..
9*16
9lJ,«
Btr.G'dOrd ,« b 16
I/)w Midd'g 10
,6
Btr.L'wMid 10%
Middling... 1038
Good Mid.. 10=8
G'd Mid 10'8
Midd'g Fair 1138
Btr.
Tn. Frt.
|
9>
93l6
91SJ6 99,6
I03i 6
915i 6
107i6 103i6
109i6 lOSia
1034
10%
10'8
10<>8
11%
1078
113s
11%
11 78
11=8
1236
12»s
Wed
10%
10%
1038
1038
1038
1038
10«8
10'8
1138
10%
10%
1034
11
1034
11
11%
12%
11%
12%
12%
f) lb.
9%
9°S
10
low
Middling
Middling
103l 8
10 9 i«
9 'a
103 16
10716
MARKET AND
Ex.
.
.
Thurs
Frl.
.
182
543
406
848
Wed
Easy.
Total
3,970
3.977
Th.
Frl,
9iie
103a
2i l «
Si"
97,6
97,«
91*16 913 18 913,6
lOlig 101 ]t 101 18
103ig 103,6 103 18
1038
lose
10%
10%
10%
10%
1034
1034
11
11
11%
12%
1034
11
1034
11
11%
12%
11%
12%
11%
12%
10%
97, s
9%
9%
9%
9«8
9%
9%
Frl.
9%
9%
9l6i6 9> 3 li 913,6 '913,6
103,6 10l,« 10'16 10'16
Spec- Transit.
FUTURES.
Total.
72
278
Sales.
Deliveries.
297 40,700 2,800
821 71,500 7,900
406 71,000 8,000
3,322 119.800
1,530 77,800
1,921 71,300
350
8,100
1,400
1,200
8.297 452,100 29.400
:
Cts.
10-84
10-35
10-S8
10-37
800
600
800
200
700
eoo
BOO
300
800
10\'I8
.2.400
10-39
10-40
3,900
io-4i
10-42
10-48
600.
b.d. 29th
1044
10-44
200e.D.29llilO-45
2,400
10)5
10-46
1,000
400
100
300
700
1047
10-49
B.D. ;9thl0
50
10-50
7,400.
800
100
100 B.D. Sd .1080
100B.D.41D 10 80
1,100
2,900
1080
10-81
10Os.n.3d..lO28
3,800
8,700
10,300
10-22
1083
10-84
800 B.D. 3d. .10 85
3,400
4,800
7,000
1085
1000
1001
10-08
lOOs.D.lMhlO-38
For October.
1,800
997
18.100
10,000
3,900
2,800
1,900
3,700
5,200
6,800
B,7C0
1016
1017
1018
1019
10-26
10-27
200 s.n.2d .10-28
4,100
1088
10-19
10,300
8.000
10-30
6.000
10-81
10-32
8,300
200 B.D. 1st. 10-31
400 b.d. Jd 10 33
18,200"
1,100
8.900
19,500
17.1C0
11.C00
100 S.D.7th. 10-13
5.900
1013
4,600
1014
500 S.D. 3d.. 10-16
2,700
1015
9-9*
9-99
1003
1004
1005
1008
1007
10-08
10-09
1010
1011
1012
2,600
10-33
190 e.D.M.. 10-34
10-34
300.:
10 85
10-36
100
100 B.D. 1st. 10-40
100 B.D Vd.. 10-48
100 s.D.2id. 10-45
760.
Bales.
cts.
1,000
4,600
9 82
1.600
2,100
1,400
8,000
1,100
9-84
1185
9-86
9-87
9-88
986
500
9-87
9-88
9-M
4,800
4,000
1,700
8,300
5,600
2,700
2,800
3,800
2,000
9-90
9-91
9-92
9-93
9-83
9-84
9-85
3,i»00
2,500
1,800
1,900
4,200
..
1,500.
9 89
6,200
4,400
6,000
5,100
8,600
2,700
990
9-91
9-98
9-93
9-94
9-95
9-96
9-98
600
1,600.
500
7,200
1,500
1,800
8,000
909
1000
100
200
10-08
100
10 04
600
800
1,«00
2,500
1005
1008
1009
1010
1011
500
.'...1012
700
1013
3,800
1,100
2,400
1,500
1,800...
1,100
8,800
1,800
4,800
3,400
500
300.
1001
1003
....
..
10-14
1015
1016
10-17
10-18
10-20
100
100
700
100
100
100
409
500
994
9-95
9-96
9-97
9-98
9-99
10-00
1001
1002
1004
cts.
1,800
1010
Bales.
800
900
11 11
10-12
1,000
1.600
10-00
10-01
1,400....
300
500
1.400
...1019
500
100
10-80
10-22
10-29
10-32
10-84
10-35
10-36
10-38
10-39
10-40
800
2,'->00
10-06
1007
1008
1009
800
500
400
600
'00
1,000
800
..
600
700
400
700.
100
200
10-10
10-11
1,000
1016
1017
1018
1019
100
400
400
800
600.
10 20
10-21
10 28
10-23
10-84
10-25
10 86
Cts.
10-32
10-38
10-34
10-46
10-48
10-49
10-50
10-51
10-52
400
100
300
400
1018
1015
1016
1017
1018
1,700.
1008
1008
1004
1005
2,100
3,300..
5.900
2,700
8.600
4,900
1,000
1,500
400.
Bales.
.
900
800
500
600
100
500
10-39
10-40
10-41
10-42
10-44
10-45
16-46
10-47
10-48
10-49
10-50
10-51
10-60
10-63
10-68
800
10-83
10-K4
8,000
1,800
1085
1026
800
100
400
100
400
400
100
100
100
100
100
10-27
10f28
10-30
10-31
100
For February.
1009
1,000
100
1,800
1064
900
10-65
10-70
10-8O
10-83
10-85
300.
100
For March.
1,300..
10-53
10-55
10-56
10-58
10-59
10-60
100
200
100
For April.
800
fOO
100.
For May.
800
200
200
800
800
200
10 53
1,800
1
5,800
10-54
10-55
1,800
i-.
<
10-6»
300
10,400
]5,600~
48,200
Bales.
4,100
For Jane.
,
500
500
900
200
200
10-68
10-69
10-74
10-75
100
10-77
10-78
1078
400
2,800
The following exchanges have been made during the week
:
toexch. 500 Nov. for Jan.
-10 pd. to exch. 100 Dec. f or Jan.
The following will show the range of prices paid for futures
and the closing bid and asked, at 3 o'clock P. M., on each day in
•07 pd.
|
the past week.
Futures
Saturday.
Monday.
Tuesday.
Market.
Irregular.
Irregular.
Lower.
For Day.
High.
For Day.
Closing.
For Day.
Closing.
Ask High. Low. Bid. Ask
Sept'b'r 10-50-10-34 10-34 36 10-4910-35 10-43 45
October 10-36-10-21 10-21 22 10-33-10-24 10-29 30
" s.n.
10-45-10-40
Nov'ber 10-20-1009 1010
10-18-10-13 101617
Dec'ber 10-16-10-11 1011
1019-10-13 1017 18
Jan'ry 10-24-1016 1017 18 10-26-10-20 10-24 25
10-32 35 10-40-10-34 10-38 40
Feb'ry.. 10-36March 10-5110-50 10-46 48 10-55-10-49 10-53 55
10-59 63 10-69-10-68 10-68 70
April...
10-72 76 10-85-10-83 10-82 85
May
10-40
Tr. ord.
10-30
Closed.
Easy.
Quiet, Bteady.
Lo"i.
Bid.
—
—
Bid.
10-34-10-28
1011- 9-98
10-13- 9-99
.
9-98
1000
1010
Steady.
Wednesday.
Thursday.
Friday.
Variable.
Variable.
Easier.
Low. Bid. Ask
October 10 14- 9-97 1014
" e.n. 10-25-1015
Nov'ber 9-96- 9-86 9-98 99
Dec'ber 1000- 9-88 1001 02
Jan'ry 1011- 9-98 10-11 12
Feb'ry 10-19-1009 10-24 26
March. 10-33-10-24 10-37 39
April.. 10-4610-40 10-51 55
10-56-10-52 10-64 68
May.
June.. 10-78-10-74
Blah.
For Day.
.
High.
Low.
ClosiDg.
Bid.
For Day.
Ask High. Low.
10181002 1010 - 1005-1000
—
10-339 96- 9-90
9-98- 9-93
9-90 91
Bid. Ask
10 00 01
1010
—
9-87- 9-82
9-89- 9-83
9-83
9-84 859-94
1013-1009 10-09
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 00-
10-77-10-75
1015
Closing
10-20-1013
9-94 95
10-07-1002 1004
1020-10-15 10-17 19
10-32-10-30 10-30 32
10-51-10-46 10-43 46
10-65-10-60 10-61 64
Strong.
—
10-50-10-33 10-33 35
10-63-10-49 10-46 49
10-80-10-65 10-62 65
Market.
Closing.
—
99
10-20-1006 1007 08
10-32-1018 1019 20
Futures
For Day.
Ask
10-25-1007 1010
—
.
Closing.
Low.
High.
—
9-94
—
1005
1008
10-0.t
1010
1,100
1,800
10-11
700
10 IS
2,000
1014
10i5
1016
1017
1018
10- 18
1019
64,500
9-83
900
800
2,200
Easy.
The Visible Supply of Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain arid 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:
1879.
1878.
1877.
1876.
Stock at Liverpool
233,000 351,000 535,000
691.000
Stock at London
60,581
25,750
26,250
34,250
Total Great Britain stook . 293,581
Stock at Havre
102,650
1,964
Stock at Marseilles
Stock at Barcelona
11,949
Stock at Hamburg
2,300
26.703
Stock at Bremen
Amsterdam
at
26,170
Stock
Stock at Rotterdam
1,938
Stock at Antwerp
3,750
Stock at other conti'ntal ports.
376,750
139,500
1,750
15,000
4,250
28,750
42,250
4,500
725,250
197,250
4,000
62,000
11,000
50.000
62,750
4.500
13,000
561,250
178,500
8,500
54.500
11,750
57.750
30,500
11.000
6,750
9,750
177,424
253,500
369,000
435,250
Total European stocks.. .. 471,005
India cotton afloat for Europe. 123.641
56,209
Amer'n cotton afloat for Eur'pe
8.928
Egypt,Brazil,&c.,aflt for E'r'pe
298,831
Stock in United States ports .
8.
interior
portsi.
17,039
Stock in U.
12.000
United States exports to-day.
630.250
140.000
56,000
10,000
231,703
24.640
12,000
930.250 1,160.500
130.000
240.000
28,000
55,000
17,000
18,000
157,526
295,074
16,408
31,920
1,000
6,000
Total continental porta. . .
16,500
17,000
14,750
.1005
For Janaary.
78,700
For December.
209,900
999
a
Barely steady.
Short notices for tho 29th Sept. sold at 10-44c.a-10-50o.
For forward delivery the sales have reached during the week
452,103 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices
For September.
Bales.
Cts.
For November.
Bales.
Cts
Bales.
100
700
9-98
Tr. ord.
Closed.
503 1,027
950
971
Steady.
99,6
BALES.
port. eurnp. ul't'n
% adv
43
Mon Quiet, quo. red. %
Tues. Quiet at % dec'ne
Wed Steady at % dec. 2,474
Bat.. Quiet at
Con-
-16
ji.-i
106 16 103i6
91*16
109,« 107i6 103,6
lOilie 109,6 105 18
1078 103t 10%
1078 10»8
11
Ilk 11% 10'e
11% 113s 11%
12
11 78 11»8
12»4
12°8 12»8
SALES OP SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
97, 6
913,,
Mon Tnes Wed Tn
Sat.
Good Ordinary
Strict Good Ordinary
9»,6
91*16
Tn. Frl.
u
12% 12%
STAINED.
9H7
1,900
1.000
8.700
XXIX.
[Vol.
TEXAS.
81BJ6 81Bi6 ~9%7 9 J 16
9!l6
9*16
97,6
97i 8
96,6
97,6
91*16
913ig 91S16 913
9">,„ 91b,6 101 16 101 18 lOlig
101,6 101,fl 103,6 103i6 103 16
10»8
10 T8
1138
Cts.
-.',000
Tlou Tues Sat. Mon. Toes
Sat.
Ordin'y.iplb
Fair..
...
:
9-94
9-^5
9-96
987,653 1,104,593 1,280,184 1.806,494
Total visible supply
Of the above, the totals of American and other descriptions are as
follows
American—
Liverpool stock
Continental stocks
American afloat for Em-ope
United States stock
United States interior stocks..
United States exports to-day.
Total American
Mast Indian, Brazil,
Liverpool stock
Loudon stock
Continental stocks
<tc.
—
86,000
84,000
56,209
298.831
17,039
12,000
554,079
708,343
746,934
983,994
147,000
60,581
93,424
157,000
25,750
63,500
205,000
26.250
95,000
383,000
34.250
147,250.
:
—
.
October
4,
.
.
THE CHRONICLE.
1879.]
1879.
1878.
1877.
123.041
8,928
140,000
10,000
130,000
17,000
1870.
240,000
18,000
3fil
week, the rainfall reaching twenty-three hundredths of an inch.
rain is generally needed.
The country is much discouraged by the decline in prices. The thermometer has averaged
533.250
822.500 79, the extreme range being 72 to 85. The rainfall for the month
433.574
296,200
Total East India, Ao
708,343
740,031
983,094 of September is one inch and forty-seven
554,079
Total American
hundredths.
Indianola, Texas.— There have been sprinkles here on three
987,653 1,104,503 1.280,184 1,806.404
Total visible supply
6>«d.
O'ad.
5 7gd. days of the week, the rainfall aggregating twenty-five hunPrice Mid. Upl„ Liverpool....
67i 8 d.
One of our cable messages failed to reach us until too late for use dredths of an inch. We hear rumors of the appenrance of caterlast week, consequently the Bremen stock in our tablo was unchanged. pillars, but think them of little importance, it being too late for
The stock at Bremen was last week 26,634, and is this week 26,703, as harm. Average thermometer 79, highest 86 and lowest 78.
have had a rainfall during the month of seven inches and twenabove.
Our Liverpool correspondent cabled us last week, but too late for ty-one hundredths.
Gorsicma, Texas.—It has rained on two days of the week, welinsertion, that the deficit in American cotton found on the count of
stock at Liverpool was " discredited there." Wo do not know his grounds come but insufficient, the rainfall reaching one inch and fiftyhundredths. Wheat planting will now begin. Avenge
for the statement, but know he would not oable It unless he believed ho nine
thermometer 79, highest 92 and lowest 63. The rainfall for
had sufficient grounds.
is ninety-one
The above figures indicate a decrease in the cotton in sight to- SeptemberTexas.— Rain hundredths of an inch.
Dallas,
has fallen during the week on two days,
night of 116,940 bales as compared with the same date of 1878,
but not enough to do much good, and the ground is deplorably
a decrease of 292,531 bales as compared with the corresponding
The thermometer has ranged from 63 to 92, averaging 79.
dry.
dae of 1877, and a decrease of 818,841 bales as compared with
The rainfall for the past week is forty-three hundredths of an inch,
1876.
and for the month of September forty-five hundredths of an inch.'
At the Interior Ports the movement that is the receipts
Brenham, Texas.— The weather during the week has been
ami shipments for the week, and stocks to-night, and for the warm and dry. No rain has fallen, and the drought is
terrible.
out
detail
in
the
1878
set
in
is
following The extreme range of the thermometer for the week
corresponding week of
is 68 to 90,
statement
and the average 77. There has been a rainfall during the past
month of fifty hundredths of an inch.
Week ending Oot. 4, '78.
Week ending Ocl 3, '79.
New Orleans, Louisiana. We have had showers during the
week on two days, the rainfall reaching ninety-nine hundredths
Receipts Shipm'ts Stock.
Receipts Shipm'ts Stock.
of an inch. The thermometer has averaged 77. The rainfall
2,737
9,148
Augusta, Oa
6,844
7,133
7,157
4,525 for the month of September is three inches
and fifteen hundredths.
2,152
Columbus, Oa. ...
2,304
3,608
3,664
2,471
2,346
Shreveport, Louisiana.
The weather during the week has been
2,109
2,379
3,590
3,349
2,808
3,560
Montgomery, Ala
7,336
6,809
2,993
7,370
7,520
6,476 fair and pleasant, the thermometer averaging 75 and ranging
Belma, Ala
3,738
5,809
7,268
9,164
4,403
5,596 from 63 to 83.
The rainfall has reached eighteen hundredths of
Memphis, Tenn..
14
1,162
776
729
701
1,305
Nashville, Tenn..
2,148
675
1,908
1,403 an inch.
Vicksburg, Mississippi.
It has rained during the week on only
Total, old ports. 29,411
30,830 26,768 24,040 one day. The weather has been very propitious and picking is
28,554 17,039
proceeding actively.
Dallas, Texas
1,575
1.083
1,418
£aos
1,345
1,819
Columbus, Mississippi. The weather during the week has been
Jefferson, Tex
137
416
400
663
333
311
Bhreveport, La ..
2,763
1,400
3,349
1,586
748
1,695 warm and dry, rain having fallen on only one day, and that very
Vicksburg, Miss.
3,427
1,692
117
4,375
33 slight. The thermometer has averaged
78, the highest being 83
Columbus, Miss..
640
710
433
994
297
891
The rainfall for the week is ten hundredths
Eufaula, Ala
1.060
2,091
2,508
2,861
2,217
1,525 and the lowest 73.
Oriffln, Ga. lest.).
300
2,031
500
300
1,967
1,059 of an inch, and for the month of September three inches and
Atlanta, Ga
4,296
4,081
4,840
4,415
5,748
3,989 thirty-seven hundredths.
Rome, Oa
2,205
2,419
2,900
3.087
2,450
1,250
Little Rock, Arkansas.
Telegram not received.
Charlotte, N. C...
1,853
1,704
362
2,712
1,751
1,364
Bt. Louis, Mo
We have had warm, dry weather during
21,377 16,323 17,984
8,381
Nashville, Tennessee.
6,427
6,994
Cincinnati, O
1,441
2,401
1,473
1,326
2.775
1,638 the week, the thermometer averaging 70, and ranging from 42
Picking is progressing finely.
Total, new p'rts 46,236
35,660 35,168
30,116 24,812 22,568 to 87.
Memphis, Tennessee. There has been no rainfall at this point
75,617 64.214 52.207
60,946 51,010 47,208 since the 1st of September. The theimometer has averaged 73
The above totals show that the old interior stocks have during the week, the highest point touched having been 92, and
increased during the week 857 bales, and are to-night 7,601 the lowest 56. Last week the thermometer averaged 67, with a
bales less than at the same period last year.
The receipts at the range of 52 to 84. We are still quarantined, and planters are
tame towns have been 1,419 bales less than the same week last holding on to their crop mostly.
yew.
It has rained during the week on three
Mobile, Alabama.
Receipts from the Plantations.— The following table is days, but the rainfall was too small to measure. Picking is
prepared for the purpose of indicating the actual movement each making rapid progress, about one-half the crop having now been
week from the plantations. Receipts at the out ports are some- gathered. The thermometer has averaged 76, ranging from 63
times misleading, as they are made up more largely one year to 90. The rainfall during September has reached one inch and
than another, at the expense of the interior stocks. We reach, thirty-eight hundredths.
therefore, a safer conclusion through a comparative statement
Montgomery, Alabama. The weather the past week has been
like the following:
warm and dry, no rain having fallen. Crop accounts are more
RECEIPTS FROM PLANTATIONS.
favorable, and picking is making rapid progress.
Planters
are sending their crop to market freely. Our correspondent states
Week
Receipts at the Ports Stock at Inter'r Ports Rec'pts from Plant 'ni
that the continued fine weather causes a general tendency to
endingIndia afloat for Europe
Egypt, Brazil, Ac, afloat
A good
iy
We
ty
—
—
—
.
—
—
—
—
—
—
—
—
May
1877.
1878.
16,560
17,309
«..
9,669
9.390
31,196
24.252
20,097
19,732
18,290
12,380
"
13..
8,526
11,231
"
20.
8,526
10,721
"
27.
6,519
July
"
"
4.
11.
6,102
4,404
18.
8,676
6,879
5.949
5.287
3,782
4.086
3.671
16,288
12,147
"
80..
June
3,299
2,691
Aug.
2.102
1.733
2,644
4,335
flept.
"
"
S
12
19
6,885
12,109
22.345
43,128
.Oct.
3.
3,069
4,657
5.699
15,784
26,750
47,431
74,355
98,803
70,040 130,990
1879
1877.
22,288 107,534
19.031 97,698
19,807 88,376
16,673 79.009
17,113 67,786
11,089 57.509
6,612 52,154
7,188 45,769
6.293 35,811
3,637 32,077
3,032 28,997
2,809 27,979
3,272 25,361
2,503 22,472
3,945 21,574
3,462 19,118
4,843 17,600
4,875 16,278
13,920 16,449
30,054 18,272
76,933 15,104
127.729 20,510
162,303 29,720
1878.
1879.
1878.
1879,
75,550
65,770
56,433
46,305
39,025
34,154
29,315
23.287
78.962
7,020
17,604
13.H51
71,546
59,249
51,429
42.198
37,570
32,429
29,306
21,240 25,223
19,675 22.388
18,033 20,691
15,494 15,528
12,527 14,410
11,005 13,966
8,346 13.049
8.238 11,477
5,999
7,463
7,301
6.593
9,598
9,979
18,971 14,563
26,377 23,898
37.872 40.774
47,208 52.207
7,471
4,968
4,780
14,472
10,760
11,615
9.604
8,853
The above statement shows
1.
That the
total receipts
1879 were 455,845 bales;
1877 were 106,949 bales.
1877.
7,600
10,940
7,882
7,509
6,461
3,171
6,392
1,471
2,141
4,693
4,065
4.832
2.210
4,384
3.645
1,335
2,368
1,324
802
1,243
1,119
2,149
2,154
2.059
3,028
1,204
410
2.549
1,890
1,126
3,013
5,460
18,378
4,713
6,056
30,136
11,932
56,423
81,761
829
16.217
35,019
21,177
86,266
48,534 110,358 144.607
79^50 1W326 17&736
from the plantations since Sept. 1 in
in 1878 were 419,004 bales;
in
That
the receipts at the out ports the past
week
were 162,303 bales and the actual movement from plantations
173,736 bales; the balance being added to stocks at the interior ports.
Last year the receipts from the plantations for the
same week were 140,326 bales, and for 1877 they were 79,250 bales.
2.
Weather Reports by Telegraph.— The weather during the
past week has been in general very favorable for developing and
gathering cotton. The crop is, therefore, being secured in good
condition.
Galveston,
Texas.—We have had
drizzles
on four days the past
increase crop estimates materially.
Average thermometer 74,
highest 83, and lowest 54.
There hai 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, Tha 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.
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 progressing finely, and planters are sending cotton to market freely.
Average thermometer 71, highest 84, and lowest 51. The rainfall for the month of September is four and forty-six hundredths
inches.
There has been no rainfall the
Charleston, South Carolina.
past week.
The thermometer has averaged 71, the highest
—
—We
—
—
—
being 82 and the lowest 54.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
Oct. 2, 1879, and Oct. 3, 1878.
Oct. 2, '79.
Feet. Inch.
New
Orleans
Memphis
Nashville
Bhreveport
Vicksburg
Below high-water mark
Above lew-water mark...
Above low- water mark...
Above low-water mark...
Above low-water mark. .
.
13
3
2
5
Oct. 3,'78.
Feet. Inch.
2
1
2
7
2
5
6
8
1
11
7
6
Missing.
:
:
THE CHRONICLE.
362
XXIX.
fVoL.
—
the tendency was npwards, until middling uplands touched 6%d,
Comparative Pokt Receipts and Daily Crop Movement.
comparison of the port movement by weeks is not accurate, on the spot and 6 23-32d. for near deliveries, or %d. to 7-16d.
the weeks in different years do not end on the same day of the advance in the twelve days. Spinners bought freely to cover
We have consequently added to our other standing orders taken in Manchester, where more had been doing than
month.
The upward movement was
tables a daily and monthly statement, that the reader may con- had appeared on the surface.
stantly have before him the data for seeing the exact relative stimulated also by the advance at New York and by the growreceipts
at
for
the
years
named.
First
we
give
the
ing
strength
of
the
statistical
movement
position. The most sanguine
views were entertained as to the future, and 7d. was considered
•ach port each day of the week ending to-night.
'79.
to
be
close
hand.
On
'79,
at
the
26th
RECErPTS
FROM
SATURDAT,
SEPT.
FRIDAY,
OCT.
3,
there was a pause, owing to
27,
TO
rORT
an unexpected reaction at New York, and futures lost %d. ;
WilTry s New
spot cotton was also the turn in favor of buyers. But on the
Mo- diar- Savan Gal- NorAll
Orof
bile. ieston.
nan. vest'n. folk. ming- others. Total
27th and 28th the fall was more than recovered, middling
ton.
we'k leans.
touching 6 13-16d. on the spot and 6 25-32d. for distant futures.
995 2,121 22,976 The rise, however, was beginning to check business in ManBat.. 4,453 1,354 3,502 5,297 2,509 2,742
Hon 4,878 4,325 5,106 6,090 5,931 2,593
470 1,838 31.231 chester. The trade demand, therefore, fell off. Simultaneously
Tnes 9,546 2.005 3,648 6,266 1,888 4,570
899 1,978 30.800 a complete breakdown took place at New York, prices there
Wed 2,367 3,329 2,782 5,658 3,232 2,257
214
916 20,785 giving wav %a. for spot and ll-16c. for near deliveries between,
Thur 3,668 1,633 2,871 5,425 1,867 3,302
508 2,221 21,195 the 2dth August and 1st September. Holders here, therefore,,
ph.. 5,668 2,046 2,691 6,750 2,113 3,355
508 11,882 35,016 lost confidence, speculators became less sanguine, and prices
gave wav l-16d. to %d. on the spot and 3-16d. to 7-32d. for
Tot- 30,580 14,692 20,603 35,486 17,540 18,819 3,594 20,989 162,308
futures between the 28th August and 2d September.
The
The movement each month since Sept. 1 has been as follows
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 theYear Beginning September 1.
Monthly
whole of the fall just quoted, and futures recovered l-16d. to
Keceipts.
1879.
1878.
1877.
1876.
1874.
1875.
%d. Since the 5th inst. the market has been very firm, with a
Bept'mb'r
333,643 288,848
95,272 236,868
134,376 good business doing, and prices have gained l-16d. on the spot
169,077
and l-32d. to l-16d. for futures.
Pero'tage of tot. port
The following are the principal fluctuations in middling on the
02-19
receipts Sept. 30
0649
05-87
0403
0384
spot and for future delivery since the date of our last report
This statement shows that up to Sept. 30 the receipts at the
Aug.Sept.Oot.Nov.Dec- Jan.-
a
j
ports this year were 44,795 bales more than in 1878 and 239,371
Mies more than at the same time in 1877. By adding to the
above totals to Sept. 30 the daily receipts since that time, we
shall be able to reach an exact comparison of the movement for
the different years.
1879.
3,490
1,848
1.331
2,264
4,927
2,104
Sept.l....
"
2....
"
"
"
8....
4....
5....
"
6....
"
"
"
"
7....
10....
"
11....
««
12....
"
••
"
"
"
«*
"
9....
13....
14....
15....
16....
17....
18....
19....
8.
15,628
12,215
12,995
14,071
14,955
17,082
21....
8.
22....
26,420
23,729
21,382
19,141
19,975
22,976
23...
" 24....
" 25....
" 26...
"
5,454
5,124
4,878
4,858
7,636
7,069
8....
"20...
"
S.
27....
"28....
' 29 ...
" 30...
TotSp. 30
Oct. 1....
-
2....
*•
3....
Tota'
1878.
8.
5,708
4,051
4.799
4,224
7,116
4,108
8.
13,115
7,341
6,258
7,982
8,537
10,714
S.
15,127
10.425
10,032
11,125
16,933
11,302
S.
17,905
18,579
13,584
13,814
23,679
18,016
1877.
408
8.
1,246
616
1,008
754
1,701
1,655
8.
3,085
1,398
3,108
1,664
2,524
2,459
S.
6,063
4,109
3,555
2,735
6,340
4,049
S.
1876.
1875.
1,918
1,691
S.
4,630
2,996
3,414
3,111
3,982
4,708
1,265
1,075
1,615
1,682
2,145
1,064
1,380
1,734
1,407
3,764
3,228
3,116
3,621
3,928
3,137
S.
8,923
4,788
7,752
6,085
7,899
7,538
S.
3,390
1,957
1,841
2,746
3,423
3,214
S.
8.
13,925
10,417
10,364
9,876
12,112
13,538
8.
24,374
8.
333,613
20,785
21,495
35,016
288,848
23,599
23,283
17,537
95,272
13,941
9,741
12,179
236,868
410,939
353,267
131,133
233,203
S.
20,015
13,011
14,978
14,421
19,682
15,094
8.
30,714
15,621
7,119
6,512
5,417
5,404
6,209
5,327
8.
5,642
5,176
3,921
3,842
6,225
6,641
8.
8,845
6,821
8,173
8,149
10,015
10,109
8.
8.
10,421
6,542
7,521
6,682
8,946
8,495
17,315
12,485
11,978
12,820
13,046
7,102
9,821
169,077
14,531
12,096
8.
195,701
S.
134,376
10,714
10,511
12,251
167,852
total
p'rt reo'n ts Oct. 3.
07-94
0301
0701
04-67
01-80
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 279,808 bales more thaa they
were to the same day of the month in 1877.
table the percentages of total port receipts
received Oct. 3 in each of the years named.
We add to the
last
which had been
—
Ellison & Co.'s Cotton Beport for August. "We are in receipt of Messrs. Ellison & Co.'s cotton report, dated Septembe r
9, and make the following extracts from it
COURSE OF THE LIVERPOOL MARKET, AUGUST 9 TO SEPTEMBER 9.
Our
last report
Spot.
«5ie
6'ie
638
9
11
13
"
"
6%
6%
613 16
6%
7
25
26
28
Sept. 2
was dated 11th August.
9
1874.
8.
31,231
30,800
Peroentag e of
"
"
"
9,470
5,543
7,922
6,254
10,156
8,450
8.
Aug.
The 'market had
t>een very depressed during the previous week, but there were
Bigns of improvement on the 9th ult.
These became more
decided on the 11th, and prices gained %d. per lb., owing to the
increased demand from spinners to cover orders taken
Manchester.
On the 12th and 13th the demand subsided ; the
m
impression became general that the improvement was premature, and, with lower quotations from New York, prices lost
l-16d. to %&. on the spot and 3-32d. to 3-16d. for futures. On
the 14th the demand again increased, and thence to the 25th a
large business was done at almost continuously hardening
prices. At times there were slight fluctuations in futures ; but
6
e
Sept.
66,„
6I632
OO32
623 3 2
Oct.
66,„
6*2
6832
6-4,2
6=8
62632
69,6
623 32
6%
62&32
—
—
Nov.
Dec.
63 32
61, 6
61, 8
64,2
520 32
61,6
53i 33
63^2
516,6
6833
65, 6
6%
8»m
6?,6
67 S2
6>4
6I32
63 32
6%
61 16
<"
U 32
Jan.
53132
67 3a
Feb.
-
<;;,,.,
63, e
tSha
63,g
6%
63 3a
6
6
The changes in spot cotton for the month comprise an advance
of 9-16d. to %d. in American, %d. to %d. in Brazil, and %d. to
%d. in East Indian, but a decline of %d. in brown, and %d. to
"Futures" have advanced 13-3 .id. for
/id. in white, Egyptian.
Sept.-Oct., )id. 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.^ Pernam. Egypt.
1879
1878
Advance.
Decline
Spot.
Dec.
6 7s
6%
6*2
63,6
7is
7%
8
8»s
_-
_
_
Sg
—
—
i,g
Broach.
Dhollera. Beug.
50,«
513
5^8
513, 6
i,
i, 8
g
—
*2
—
43*
5*6-
—
"»
COURSE OF THE MANCHESTER 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
on the surface at the time. Stocks were considerably reduced,
and spinners and manufacturers were placed somewhat largely
under contract for forward delivery. The result was an increased
business in Liverpool and an important advance in prices bo'th
there and in Manchester. The upward movement made further
progress (with slight interruptions) during the subsequent fortnight, until an advance was established upon the previous current prices of ~%,d. to %d. in cotton, %d. to %d. in yarn, and 3d.
to 4/^d. per piece in $% lb. shirtings. The rise led to more circumspection on the part of buyers, especially as, although cotton on the spot and for near delivery rose to 6Md., November
to January dt-liveries were offered at /6d. to %d. below that
figure.
During the past week the business has been on a
restricted scale, but as producers are still working upon unexcontracts,
prices have remained pretty steady. Here and
pired
there a concession has been made from the previous highest
The stocks of
rates; but there is no general quotable change.
yarns 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 therefore 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 operating very sparingly, owing to the extreme rates demanded by
producers.
MOVEMENTS DURING THE SEASON, OCTOBER 1 TO AUGUST 81.
The deliveries to English and continental consumers during
the first eleven months of the season have been as follows,
compared with the figures for the corresponding months of last
season
:
.
Number
of hales...
Av'ge weight
(lbs.)..
Great Britain.
. ,
1878-3.
2,356,410
1877-8.
2,585,060
440
437
Continent.
.
1878-9.
1877-8.
2,330,210
2,294,820
428
430
Total weight (lbs.)l,036,820,400 1,129,671,220 997,329,880 986,772,600
The rate of consumption in Great Britain during the last four
weeks was probably about 49,000 to 50,000 bales of 400 lbs. (or
45,000 of 440 lbs.) per week, or a total of 79,200,600 lbs., which,
added to the 953,700,700 lbs. consumed during the previous ten
months, would give a total of 1,032,900,700 lbs. as the weight of
:
.
October
4,
—
.
.
THE CHRONICLE.
1879-1
383
cotton spun daring the first eleven months of the season. Last
season the consumption was about r>8,000 bales of 400 lbs. per
week, or a total of 1,113,600,000 lbs.
The rate of consumption on the Continent has averaged
about 46,000 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
increaM in the shipments of 1,001 bales, and the shipments cince
January 1 show a decrease of 110,000 bales. The movement at
Calcutta, Madras, Tuticorin, Car war, &c, for the same week and
years has been as follows.
CALCUTTA. MADRAS, TUTICOttlff, CABWAB, RANGOON AND KPRRACITO.
annual
-Great Britain
1878-9.
1877-8.
Lbs.
,
,
Lbs.
Hurpl. st'k, Oct 1. 13,800,000
13,800,000
Dels, to Aug. 31.1,036,820,400 1,129,671,220
Continent
1878-9.
1877-8.
Lbs.
Lbs.
30,550,000
5,368,000
997,329,880 986,772,600
Supply.
..1,0.10,820.400 1,143,471,220 1,027,879.880 992,140.600
Cons, in 48 w'ks. 1,032,900,700 1,113,600,000 940,800,000 921,600,000
'
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 Continental 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
Shipments
Y.MI.
Great
week.
this
Shipment*
Britain.
Continent.
1H78
1,000
8,000
2,000
1,000
3,000
9,000
1877.
1876.
4.000
237,000
122,000
79,000
i'.ooo
5,606
12.1,000
1879.
Great
Total.
nln.-i,
January
Continent.
Britain.
1.
Total.
l;>7,000
384,000
59,000
51,000
88,000
13O.00O
213.00O
I
1H 1,000
The above totals for this week show that the movement from
the ports other than Bombay is 6,000 bales leu 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
'
as follows.
EXPORTS TO EUROPE FROM ALL
1879.
Shipments
to all Europe
Sinco
Jan. 1.
Tills
from—
week.
INDIA.
1878.
This
week.
1877.
Since
Jan. 1.
This
week.
Since
Jan. 1.
deficit of 96,000 bales.
Ilombay
0,000] 598,000
.1,000
706,000
3,000 787,000
There was some reduction in the rate of consumption on the All
other ports.
3,000 364,000
9,000
181,000
130,000
last two or three months of the season last
Total
9,000! 960,000 14,000
KH7.00O
year, and it is iust possible that the interior stocks were larger
3,000 917,000
than 176,000 bales. The difference would not be very important,
1 his last statement affords a very interesting comparison of the
perhaps but for all practical purposes it may be assumed that total movement for the week ending
Oct. 2, and for the three
the " invisible " stock in all Europe differs very little from that years up to that date, at all India
ports.
of last year, and that the deficit in the " visible " supply,
Alexandria Receipts and Shipments.— Through arrange107,000 bales, is the real deficit for Great Britain and the Conments we have made with Messrs. Davies, Benachi & Co., of
tinent.
Liverpool and Alexandria, we shall hereafter receive a weekly
[In our report
Continent in the
;
of 9th July,
we
explained that the estimated
consumption for last season was increased, owing to the average
weight of the bales delivered having been heavier than we had
calculated upon. As the present season's estimated consumption had been arrived at from month to month, partly by comparison 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
week were added to the estimated consumption between the
end of- September and the end of May. The whole of this
addition appears in the figures published on 9th July. Hence
(in part) the large reduction in the surplus stocks held by
spinners between the end of May and the close of June, as
given in our reports of 10th June and 9th July. We give this
movements of cotton at Alexandria, Egypt. The
following are the receipts and shipments the past week, and
for
the corresponding weeks of the previous two years.
cable of the
Alexandria, Egypt,
Oct.
1879.
2.
Kaceipts (cantars*)—
This week
Since Sept. It...
1878.
5.1,000
1877.
20,000
33,000
85,000
28,000
100,000
This
Sinco
This
Since
week
Sept. 1.
week
8ept. 1.
This
Since
week Sept.
1.
lixports (bales)-
To Liverpool
2,710
5,606 1,000 10,000 2,000
7..100
explanation in reply to inquiries.]
To Continent
166
438
3,000 1,000
1.80O
PROSPECTS.
Total Europe.
,876
So far as the immediate future is concerned, the position of
6,041 1,000 13,000 3,000
9,300
the market is one of great strength. The stock in Liverpool
* A cantar is 98 lbs.
•on Friday last was only 378,000 bales, or 140,000 less than twelve
t There was au error in our figures of last
week. The receipts should
months previously, the deficit in American alone be 154,000 have been 23.500, and the exports 1,246 to Liverpool and 272 to the
C outment.
We have corrected our totals accordingly.
bales.
There is a little more American afloat than at this time
This statement shows that the receipts the past week have
last year, but there is considerably less East Indian. In all likelihood the import between now and the middle of November been 55,000 cantars, and the shipments to all Europe 2,876 bales.
We have this week received by mail the Alexandria crop
will be less than in the corresponding period of last year, when
statement of Messrs Davies, Benachi & Co. for the year ending
it amounted to 340,000 bales, including 200,000 American.
It is
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 endin g Sopt. 1
bring about this necessary equilibrium between supply and con1879.
1878.
sumption, and the only question is— What price will compel a
Receipts (cantars).
resort to extended " short time?"
1,667,500
2,593,670
Touching the more remote future, present indications point
Exports (bales)- To Liverpool
173.817
240,101
to both a good supply of the raw material and an extended
To France and Spain
37,436
61,292
demand for yarns and goods. The American crop promises to
Other, Continent
42,689
106,739
reach about the same as the last one, and it is expected that
Total exports (bales)
253,942
408,132
India and 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.
leave previous weeks' prices for comparison .
world, which are at present smaller than for many years
past,
lhis fact, and the restricted business which will be
1879.
1878.
enforced by
small supplies during the coming two months, will lead
to a
Cott'n
Cott'n
greatly increased demand for yarns and goods simultaneously
32s Cop.
8^4 lbs.
Cop.
32s
8U lbs.
Mid.
Mid.
Twist.
Shirtings.
Shirtings.
with the free import of the new crop, and prevent the repetition
Uplds Twist.
Uplds
of anything approaching the low prices touched last
winter.
d.
d.
d.
d.
s.
d.
d.
d.
d.
(1.
s.
d.
So soon as the present " squeeze" is over, we look for a sounder Auk 1 S'-H
©9*4
11-3317 41" 69 l6
4*23)8 I'- 6<fe
9 ®9»8
""
.
.
.
—
We
business, steadier prices,
and less violent fluctuations than have
been witnessed during the past season.
Inoia Cotton Movement from alt, Ports.—The
figures
which are now collected for us, and forwarded by
cable each
b nday, 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
th6Week aad y6ar briDging «"**"»
do^toOcto"
^
'
BOMBAY RECEIPTS AND BTTTPMENTS FOB POOR TEARS.
Shipments this week Shipments alnoe Jan. 1.
Receipts.
Year Great
Brit'n.
Conti- „
Great
nent. Total. Britain.
Oontinent.
This
Since
Total.
Week, Jan. 1.
1879
6,000 6,000 249,000 347,000 596,000 7,000
799,000
1878 1,000 4,000 5,000 310.000j396.000 706,000
5,000
863,000
1877
3,000 3,000 376,000 411,000 787,000 2,000 998.000
1876 3,000 11,000 14,000]551,000|373,000 924,000
7,000 1,010,000
According to the foregoing, Bombay appears to show an
increase
compared with last year in the week's receipts of
2,000 bales and
an.
1 133)7
4i«
ll2®7
8% ©9*4
8% •a>93s;6 lia®7
.ju,
8
"
"
"
Sept.
"
"
"
Oot.
15
22
29
5
12
19
26
w
8 78
8 78
8'8
91.1
®9"s
®9^
®9i2
8 78
•3)912
8 7s
®9*s
31 8'B, )g> 7 ie
3
3
3
3
3
3
f
3)7
®7
@7
®7
®7
®7
i-j
a
i
i;
e
<;
6
6B 16 8 783>9l2
6^ 8 78»9"«
69,6
61*16 si'l'MI".613 16 8%3>9%
613 16 8iaai9 14
Sia3>9i8
6»8
0tg
8383)9
6<g
8%®9
•I'-j./S
3
®8
lklSlS
.(I;,
:i
i'-2
lia*8
i
9
9
9
9
hi a 8
®7 i
®7 i
®7 71.J
®7 7S
6%
6»is
8>'i«
en,.
« l, le
6>«
8 7 i«
Gunny Baos, Bagging, &c — Bagging
has been rather quiet
since our last and but little change is to be noted.
Prices continue steady, with holders now quoting 8#@9c. for If lbs., 9Jc
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-16e.
There have been no arrivals
since our last, and the loss of the ship Philosopher, from Calcutta to Boston, with 4,000 bales, is reported.
The close is very
strong, holders asking 2 9-16@2£c, the higher figure for prime
spinning grades.
The Exports ot Cotton from New York
increase, as
compared with
last
week, the
this week show an
total reaching 25 740
—
—
:
..
:
THE CHRONICLE.
364
Below we give our usual
bales, against 12,093 bales last week.
table 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 game period of the previous year.
Exports of Cotton (bales) from New York since Sept. 1. 1879.
Same
Week endingExported to—
Total to period
date. previ'us
Oct.
Sept.
Sept.
Sept.
year.
50,273
1,350
24,611
Total to Great Britain 4,814 9,413 11,666 21,248 51,623
24,611
9,413 11,316 20,248
350 1,000
4,814
Liverpool
Other British ports
I
Havre
Total French
20
Total to North. Europe
305
305
2,002
1,982
New York.
This
4,969
8,567
7,673
cfcc.
Foreign
1.
Since
Since This
This
This
Since
week. ^ept. 1. week. Sept.l. week. Sept. 1.
12,401
23,866
26,891
116
Florida...
S.Carolina 6,752
N.Car'iina 3,272
Virginia. 16,238
168
North.p'ts
Tenn.,
Boston.
Since
Baltimore.
Philadelphia.
1
|
7,140
"846
i',398
i',394
i',834
"2,809
692
"993
2,687
1,580
5,380
4,144
669
1,126
6,357
12,884
1,515
2,960
463
399
485
2,106
2,585
Shipping News.
233,6o6
86,000
32,000
20,000
3,000
118,000
51.000
market for spots and futures each day of
and the daily closing prices of spot cotton,
of the Liverpool
3,
Advanct?
ing
tendency.
Firm.
<j
611,8
613,6
Friday.
Flat
and
Easier.
Kasiei.
Very
flat.
irregular.
613,e
616,8
613,6
615,8
6%
6'3,6
6»8
613,6
8,000
1,000
8,000
1,000
8,000
1,000
6i«
6",«
\
J
SaleB
Spec. & exp.
Futures.
Market,
5 P. H.
7.000
1,000
10,000
2,000
Weak.
and
Bteadv.
6,000
1,000
No
Quiet
\
J
Firmer.
Steady.
trans-
ac'n, BePrs-
Flat.
weaker.
The actual sales of futures at Liverpool, for the
below. These sales are on the basis of Uplands,
unless otherwise stated.
Delivery.
Sept.
..
Delivery.
d.
..621 32 ®H,6
0ct.-N0V
Sept.-0ct.6%®l3 32 ®7 16
same week, are given
Low
Middling clause,
6i,6® 3 3 2
Oet.-Nov
3,963
5.769
—
Sept.-Oct
4,156
Sept.-Oct... 6i&3 2 ®7 19
Nov.-Dec
Oct.-Nov
Nov.-Dec
Oct.-Nov
Sept.-Oct
® u 16®- r32
Delivery.
...65, 6
Sept.-Oct
6
5 7s
5 7s
®13 32 Dec-Jan
61,6® '32
.
5i5j 6
6®53i 32
Tuesday.
Delivery.
6%®23 32
Sept
d.
623 32
515, 6
Delivery.
Sept.... 62632® %®23 32
Sept.-Oct
67,6
6i,«
Oct.-Nov
Nov.-Dec
6i6,s
Mar.-Apr
Delivery.
1
Dehvery.
Sept
Feb.-Mar
53i 32
53i 32
615 32
Delivery.
6,278
— The
Warrior, 1,806
,142
Wilmington— To Continent, per
Baltimore— To Liverpool, per steamers Caspian, 97 and 47 bags
....Espanol, 1,255
Brazilian,
Boston—To Liverpool, per steamers Batavia, 140
132....Illyrian, 860.... Minnesota, 100
515,6
Monday.
Delivery.
Sept.. 634®25j„@13,6
8ept.-Oct.6', 8 ®' 5 3 2 S 12
d.
6l32® 1 16
Nov.-Dec
®2? 32 ®13,6 Feb.-Mar
8.332
649
14.1431 1,277 5,564
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 tame exDorts reported by telegraph, and published in
The Chronicle," last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
Total bales.
night of this week.
New YORK—To Liverpool, per steamers Abyssinia, 2,765
Arizona, 3,320.... Celtic, 858.... England, 1,972.... MacCity of Brussels,
gregor, 350.... Adirondack, 3,628
per ship
Mary Tatham, 2,240.... Olbers, 2,851
1,668
20,248
Glenesk, 596
500
To Hull, per steamer Lepanto, 500
500
Mikado,
500
per
steamer
To Glasgow,
Amerique, 318
To Havre, per steamers Freja, 700
2,510
Ganges, 1,492
600
To Bremen, per steamer Bhein, 600
1,382
To Antwerp, per steamer Henry Edye, 1,382
New Orleans—To Liverpool, per steamers Ithuriel, 2,350
Last year. 33.528 105,762
187.000
17,000
9,000
4,000
115,000
32.000
®23 32 ®»4 Nov.-Dec
225
.
This year. 54,895 123,432
321,000
205,000
11,000
4,000
6,000
118,000
26,000
47,000
1,000
31,000
3,000
3,000
Saturday.
657
15,778
5,272
27,562
1,502
9,278
341,000
600
27,000
6,000
1,000
Oct. 3.
48,000
2,000
37,000
4,000
2,000
246,000
287,000
96,00t
159,000
17,000
11,000
8,000
119,000
42.000
Saturday Monday. Tuesday. Wedn'sdy Thursd'y
Market,
12:30 p.m.
5 P. M.
week. Sept.
Texas
Savannah
The tone
Market,
57,899 25,303
at New York,
Baltimore for the past week, and since
....
week ending Oct
have been as follows
Mid. Upl'ds
Mid. Orl'ns.
Boston, Philadelphia and
September 1, 1879
N. Orl'ans
afloat
Of which American
Spot.
4,944 10,329 12,093:25,740
Grand total
The Following are the Kbceipts of Cotton
from
Estimated
Total import of the week
Of which American
Actual export
620
Total Spain, Ac
Receipts
Estimated
1,382
Spain, Op'rto, Gibralt'r, &o
All other
39,000
Of which American actual..
600
407 2,510
Sept. 26.
Sept. 19.
Total stock actual
1,382
916
:
48,000
4,000
34,000
0,000
4,000
bales.
Forwarded
American
Of which exporters took
Of which speculators took..
the
130
.
week
Sales
387
4,274
20
Sept. 12.
Bales of the
4,274
407 2,510
Other ports
,
Amount
916
Bremen and Hanover
Hamburg
—
Liverpool. By cable from Liverpool, we have the followingstatement of the week's sales, stocks, &c. at that port
387
130
Other French ports
[Vol. XXIX.
6»e® 11 32
.
53i 32
527 32
Oct.-Nov
Nov.-Dec
Jan.-Feb
Mar.-Apr
5 7s
529 32
Wednesday.
Delivery.
Delivery.
69 32 ® 14
Oct
Oct.-Nov. . .5'5 16 @2i. 32
.
Nov.-Dec.
.527 32 ®ia, 6
Dec-Jan
Delivery.
Oct
5 78
69 33
Oct.-Nov
515,6.
525 32
513 1B
513, 6
Mar.-April
513,6
5i3, e
527 32
Oct.-Nov
Feb.-Mar
Mar.-Apr
5 *4 ® 25 32
Nov-Dec,
Jan.-Feb
Feb.-Mar
Thursday.
Delivery.
61l3 2 ®5, 6
531 32 «15 16
5i3, 6
Dec-Jan
Oct
Oct. -Nov
Delivery.
Nov.-Dec
Jan.-Feb
Feb.-Mar
5 7e
Mar.-Apr
Oct.-Nov
Nov.-Dec
142
6» 32
5 78
52o 32
529 32
5i3 lff
527 3S,
Friday.
Shipment.
Delivery.
Delivery.
Oct
Delivery.
Dec- Jan
May-June
Apr.-May
63 32
5 7e
n. crop,
525 3
sail
BRE ADSTUFFS.
1,399
Friday, P. M., Oct.
3,
1879.
1,232
Without any urgency of demand, or sales of large lines, the
32,669 course of prices for the most active grades of flour have conTotal
The particulars of these shipments, arranged in our usual form, tinued to show an upward tendency in the past week. Buyers
are as follows:
have stoutly resisted the advanced pretensions of holders, and
Bre- Ant- ContlGlasLiverTotal
Hnll. gow. Havre, men. werp. nent.
pool.
yet in the end have been obliged to meet them. Still, the
600
1,382
....
500
2,510
25,740
500
20,248
New York
....
4,156 advance in prices has not been large, and is restricted mostly to
4,156
New Orleans
142
142
Wilmington
....
1,399 the grades between $5 and $5 75. Eye flour has also been
Baltimore
1.399
....
1,232 firmer, and corn meal in good demand. To-day the market was
1,232
Boston
27,035
Total
Below we give
500
600 1,382
500 2,510
142 32,669
news received
to date of disasters to vessels
carrying cntton from United States ports, etc.
Caspian, steamer (Br.), Trocks, which was to have sailed from Baltimore, Sept. 24, for i Jverpool, having sustained an accident to her
machinery, did not sail until the 26th.
Natchez, steamer (new), from Cincinnati, caught Are on Sept. 29, just
before reaching her landing at the foot of Canal street, New
Orleans. Five hundred bales cotton and 400 sacks cotton 6eed
were destroyed, causing a loss of $27,000.
all
Cotton freights the past week have been as follows:
Satur.
Idverpool, steam d. 5 16®38
do
Bail
do sail
Bremen, steam,
d.
c.
.c.
Mon.
Tues.
B i8®3a
3 16® 38
$1
Wednes. Thurs.
Nomin'l Nomin'l Nomin'l
®»8*
....®»8*
Nomin'l Nomin'l Nomin'l
®°8*
©"s*
Fri.
'16
'16.
'16
M
H
J
V
V
ia®^
1
4
S® S8
©V "l6®%* lllb®V »16®V
....®Lj
®!s
'
'l«
'l«
34 *
3±*
® 58" ....®V
'SH'
....®>9 ...®ia
...®Jfl
sail...e. ...® 13
...inH
...®!fl
do
Amst d'm, steam c. ...®H,« ...®H,6 ...®HlG ...®"l6 ...®11,6 ...®»18
Hamburg, steam
Baltic,
»
steam
Compressed.
.
c.
d. ...®13 32 ...®13 32
.
.
® 1332
...®13 32
..
very strong for flour, with sales of large lines of common extras
in our range.
The wheat market has shown less activity in the dealings of
shippers and millers, while speculative circles have been quite
feverish, 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.J6, spot and October;
®13 32 ...®13 32
29M@1
30 for November, and $1 31 for December, and No. 1
and $1 30 for November. The busi-
white, $ 1 29 for October
ness yesterday showed some revival of regular demand, and a
large 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 buoyancy, with sales of 264,000 bush. No. 2 red winter at $1 30^@
for November, and
1 31^ *or October, and $1 31@1 32%
114,000 bush. No. 1 white at $1 30^@1 31}6 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
THE CHRONICLE
4, 1879.]
have been inolined to realize profits. There was a decline of
In Store at—
No. 2 mixed to 52c, followed by some recovery, and yesterday Milwaukee
Diiiii.i.
on
the
spot,
were
53?£@53Mc.
current prices for this grade
Toledo
64J£c. for November, and 55c. for December. Receipts are fair Detroit
inwego
for the season at all ports, and the prospects are that the new St. Louis
Boxtou
crop will be in condition for market at an unusually early stage Toronto
of the season. To-day No. 2 mixed advanced to 54}£c. on the Montreal (15tb)
Philadelphia
spot, and 55^c. for November.
Peoria
Rye has been without transactions of importance, and prices Indianapolis
Kansas City
are about as last quoted. To-day a boat-load of No. 2 Western Baltimore
305
Wheat,
Corn,
bush.
bush.
687.649
337,250
892,000
493,218
150,000
<
Rail shipments...
sold at 77?6c.
l.aki-
Barley is quiet; trade opens quite sluggishly for the season.
The views of buyers and sellers are wide apart. On Wednesday a boat load of prime ungraded Canada sold at $1.
Oats have materially declined; choice qualities, being scarce,
are better supported than common and medium grades. Today the market was firmer with No. 2 graded quoted at 37c.
for mixed and 38}£c. for white.
The following are closing quotations
western
Extra sian-. Sta
Western spring wheat
00 XX and XXX "!
Western winter ship-
4
5
908
40®
5
35® 5 60
75® 6 50
5 30
5 50
No. 3spring,
No. 2 spring
$
White
No.
1
@1 30
white
Corn— West, mixed
6
00®
6 75
5 50 a> 5
90
@ 54*3
® 54*3
® 55
® 60
® 78
® 80
® 37>a
® 40^
®1 00
® 90
® 80
® 85
53
54
54
55
76
79
35
37
Western No. 2...
40® 5 80
Western Yellow..
do XX and XXX... 5 85® 6 50
Western White...
Minnesota patents... 6 00® 7 75
City shipping extras. 5 40® 6 25 Rye— West'n, No.2.
Southern, bakers' and
family brands
South'n ship'g extras.
18
122 ®1 23
122 ®1 29
1 29 ®1 30
123 ®1 31
winter...
winter, No. 2
5
pine extras
®1
»u-$l 17
Amber
Red
5
State and Canada
Oats— Mixed
White
90
Rye flour, supertiiie.. 4 20® 4 50 Barley— Canada W.
80
State, 4-rowed...
Corn meal70
State, 2-rowed...
Western, &o
2 28® 2 60
70
Brandy wino, <feo
2 90® 300 Peas—Cau'da,b.& f.
Receipts of flour and grain at Western lake and river ports
for the
week ending
Sept. 27:
Corn,
Flour,
Wheat,
bush.
bbls.
bush.
(196 lbs.) '60 lbs.)
(56 lbs.)
54,314 1,273.917 1,306,908
21,570
45.657 632.904
AtChicago
Milwaukee
Toledo
9,659
2,570
45,008
641
Detroit
Cleveland
Louis
Peoria
St.
124,188
791,956
515,536
54,550
442,269
7,250
1,412
61,100
55,315
136,580
Oats,
bush.
Barley.
bush.
Rye,
bush.
(32 lbs.) (48 lbs. (56 lbs.)
370,777 281,597
"
31,100 249,672
45,902
10,826 12,354
27,306
126,600 79.667
82.400 30,500
75,913
22,476
6,042
725
2,256
9,711
29,000
Dulutb.'
694,911 653,790 146,123
614,741 486,966 109,164
696,579 477,966 130,303
Comparative shipments of flour and grain from the same
ports from Jan. 1 to Sept. 27, inclusive, for four years:
Wheat
Com
bbls.
bush.
1877.
3,306,735
1876.
3,146,319
98,437,242
112,608,642
57,821,315
06,854.158
17,020,0ul
2,741,367
3,189,058
Oats
Bailey
Rye
Total grain
1878.
4,190,077
1879.
5,117,918
147,625,929
....
132,569,345_
Receipts of flour and grain at seaboard ports for the week
ended Sept.
27:
At—
New York
Flour,
Wheat,
bbls.
bush.
113.1512,192,103
71,179 204,862
3,500
20,221 554,460
17,240 477,050
Boston
Portland
Montreal
Philadelphia
Baltimore
New Orleans
19,281 1,558,300
10,056 151,129
Corn,
bush.
910,532
121,772
5,600
65,633
160,800
90,900
11,140
Oats,
bush.
243,480
101,266
1,500
27,971
60,950
30,000
11,043
Barley,
bush.
Bye,
bush.
2,200 184,302
5,000
1,298
2,500
1,500
1,000
Total week
254,628 5,137,904 1,366,677 479,210 10,998 186,802
Previous week... 255,994 4,493,993 1,898,990 344,010 29,877 190,094
Cor. week '78.... 247,454 3,141,807 1,336,72S 754,778 160,153 216.498
Cor. week '77.... 223.511 2,051,780 1,883.222 723,169 142,206 92.102
Exports from United States seaboard ports and from Montreal,
for week ending Sept. 27:
Flour,
From—
New York
lib]*.
83.447
23,656
Boston
Portland
Montreal
15,825
Wheat,
bush.
2,307,946
156,727
435
308,065
752.968
6,026
1,392,068
Total for w'k 129,389
Previous week. 155,368
Two weeks ago 163,403
Same time '78. 88,170
4,907,774
5,382,810
5,678,682
3,253,309
Philadelphia.
Baltimore
.
3,156
2,000
160,010
112,201
75.0OO
52,260
106.886
124,850
42,923
"3,286
37.02 O-
"3.740
5,411
310,888
164.878
15,000
222,566
11,047
12.000
222,000
700
35,000
189,446
101,040
47,800
31,521
283.137
346,005
.610,487
2,344,000
1
86
35,000
21,748
1,414
44,943
10,670
1,500
840
347
II.40O
21,767
109.181
17,180,443 11,312,110 2.277,139 1.011,936 818.211
11,912,589 2.213,370 730,375 905,656
12,040,692 2.461,082 825.156 950.771
13,003,518 2,704,134 501,20!) 937,191
13,164,508 2,492,897 355,222 761,262
11,134,092 4,248,525 3,088,073 1,552.91ft
Corn,
bush.
689,375
72,211
117,850
103,312
201,947
Rye,
Oats,
bush.
bush.
'5,440 212,639
Peas,
bush
11,058
10,004
680
16,124
8,196
95,913
903,244 168,804
1,405
1,403
214,092 12,463
170,516
3,696
110,036
1,710
193,679 64,257
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, Sept. 27, was as
follows:
Wheat,
Corn,
Oats,
Barley,
Rye,
In Store at—
bush.
bush.
bush.
bush.
bush.
New York
2,235,558 1,755,062 531,701
31,202
21,306
Do. afloat (est.)
475,000
165,000
Albany
8,000
39,000
83,000
10,000
57,000
Buffalo
515,118
861,259
43,597
1,970
78,662
Chicago
2 50? 007 2,596036 491,422 311,092
9'.,I07
1,187,695
1,323,586
2,041,393
P. M., Oct. 3, 1879.
There was during the past week a continued lull in the
demand for cotton goods and calicoes at first hands, bnt in
nearly all other seasonable fabrics there was a fair movement
for the time of year. Clothing manufacturers continued to
place liberal orders for spring-weight cassimeres, cheviot* and
worsted coatings, flannels were in good request, and there was
a steady demand for worsted dress goods, underwear, hosiery,
notions, &c. Prices of cotton goods and prints had a softening
tendency, but woolen goods are firmly held, as are leading
makes of worsted dress fabrics. The jobbing trade has shown
a fair degree of activity, but there was some irregularity in the
demand, and department goods were taken with more freedom
than staple cotton goods and prints.
Cotton Goods*. The exports of cotton goods from this port
during the week ending September 30 were 1,538 packages,
including 888 to Great Britain, 153 to Hayti, 157 to British West
Indies, 77 to Argentine Republic, 39 to Venezuela, 36 to Brazil,.
—
24 to
Denmark, &c.
hands was unusually
to
make
The general demand for domestics at first
light, and though agents were prepared
price concessions on not a few fabrics, in order
to-
stimulate sales, operations were of a strictly hand-to-mouth
Brown
demand for export,
home buyers were very light. Bleached
ruled quiet, and many of the most popular medium
including Lonsdale, Fruit of the Loom, Masonville, &c,
cottons were in liberal
but transactions with
cottons
grades,
Not reported.
Flour
..
bush.
Sept. 20, '79... .17.366,050
Sept. 13, "79... ..17,927,979
Kept. 6, '79.... ..17,045,773
Aug. 30, '79.... .15,748,775
Sept. 28, '78.... .. 12,478,859
character.
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
Total
'
Total
Rye,
36.215
7i',6bo
Friday,
85® 4 60 Wheat-
nud
'
lest.)
Barley,
bush.
291,166
THE DRY GOODS TRADE.
GRAI-f.
tfubl. $3
Superfine State
—
shipments..
On Canal
159,000
4.905
300,000
303,507
123,149
:
FLOUR.
No. 2
..
10,524
16,H9I>
1,072,492
265,491
103,660
70,238
811.612
6.032
104,300
260,598
1,374,806
541,975
1.724,539
2,541,000
Oats,
bush.
29.908
were reduced from ^c. to %c. per yard without materially increasing 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.
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
and futures. Prints were noticeably quiet in first hands, and
prices had a downward tendency, as was the case with cotton
dress goods. Ginghams were in fair request, and large sales
were made of Amoskeag dress styles at the reduced price of 9c.
Domestic Woolen Goods. Business in this department was.
fairly satisfactory in amount, and prices were steadily maintained. Agents continued to receive a good many duplicate
orders for heavy woolens from clothiers and jobbers, and
liberal orders for light-weight cassimeres, cheviots and worsted
coatings were placed by clothiers for future delivery. The
demand for overcoatings was mainly restricted to small parcels
of fancy-backed fabrics, and cloakings were somewhat less
active than of late. For repellents there was a good inquiry
and the supply of fancies as well as staple makes continues
very light. Kentucky jeans ruled quiet, aside from a few of
the leading makes, in which there was a fair movement on
account of previous orders. Satinets were sought for in fair
quantities by the clothing trade, and prices remained firm.
Flannels and blankets continued in good demand for the
renewal of jobbers' assortments, and stocks have rarely been b»
well in hand at this stage of the season ; hence, prices are not
only steady but strong. Worsted dress goods were in steady
request, and shawls and skirts met with moderate sales.
Foreign Dry Goods. There was only a moderate demand for
imported fabrics at first hands, but a good business was reported
by jobbers. Black and colored cashmeres were fairly active
and firm, and fancy dress goods continued in steady request.
Medium and fine black silks met with considerable sales, bnt
low grades were sluggish. Fancy, brocaded and striped silks,
and choice shades of plain colored silks, were sought for in fair
quantities, but velvets were less active. For linen goods, embroideries and laces there was a light demand at first hands,
and men's-wear woolens were slow of sale.
—
—
—
"
S
THE CHRONICLE.
36(5
*
n«, American, No. 1
AaHKn
—
ikuiaLS—
i
,
P>iil*,lelpl.l»
IS
SCiVJ
bbl.
-m m t-H—*n-\*\a
J DDL
common....*
ti.'ie-Kockland
K*>.
1 00
9 50
26 00
!V50
uU
oo
90
Crotou
Maud auUMnx.
a
Clinch,
IX
a
a
Zinc, oxide, dry
Bine. French, green sea............
Paris whlte.E-i.Cllffi one » UOtt.
BUTTER— (Wholesale
State. pa!ls<6 tubs,
•
far
to chce,H*
is
20
n>.
We»t'n creamery pood to pr.me
Welsh, State, fair to choice..
Western
dairy, fair to choice..
_-
_
_
,
*»
state factory, fair to prime
Ohio
flat, fair
D.&H.
Schedule.
Auction.
Bept- 24.
Aucti.ii.
prices at
AUf
»
97K«2
07X@!
.
places of
"X
SW.
Port
13.
Johnst'n.
»4 4h
2 <0
..
2 CO
* ">»
00
L.
Schedule.
Weehawkea.
* %{
if
Rvg .... 2 23
-t iiii
2 70
2 8JM«S2 31X
Btove.... 2 SO
•2 50
Sl\M@i1i>
Ch'nut... 2
• 50 cents additional lor delivery at New York.
are for Wilkesbarre coal.
5 L. * W. quotations
r
OOJri'BU—
^
ord. car
tflo,
do fair,
do good,
do prime,
Java, mats
Native Ceylon
Mexican
Jamaica
Maracalbo
uaguayra
St.
Bolts
u
14
a
17X
18
',»
15*4
*
case.
lot
V quart;r box
Macaroni, Italian
Domestic DriedApple.-*, Southern, sliced (new). ¥1
...
Jl
.
™.
6 ,5
ft.
Damsons (new)
do
Whortleberries (new).
a
5
@
a
3X3
a
i
9
4^ a
8
28
a
i:S4a
<3
<J*ton.
Yearllngs(l87i crop)...
%
do....
do....
do....
do....
do....
•'
"
"
"
"
do .. "
Matamoras.
Wet Salted— Baea. Ay, jelected "
do.... "
Para,
do.... "
California,
do.... "
Texas,
A. I. stock- Cal.,slaught.cow. "
Calcutta , dead green
LEATHERCalifornia, h.
rough
H.
,
1
NEW YOHK
* »
X
7
4X
5
5
13
class references.
a
a
6'«5 i
cllned Planes, Transmission
Also G»
of Power, &c.
vanized Charcoal and BBf e
Rigging, Suspension
Bridges, BerrlckGuys.Ferry
A large stock
Ropes, &c.
constantly on hand from
which any desired length
are cut. FLAT STEEL AND
IRON ROPES for Mining
pnrposes manufactured to
'Ships'
"
"
'
"
order.
"
"
M
A
.
"
HOME
@
@
9X
29
19
h.,m.<fel.*>ift.
11. .v
i
hide h.,m. &1....
13
12
21
'it
21
20
21
31
is
10
a
a
a
8«a
9Ha
9
a
n «
a
a
a
a
a
®
@40
@47 6
®
....@
@
S3
sir-
*
7-l*i
«.
224
am
21
I8H
10*
•
10
11.
13
35
24
24
'20
31
83
31
BondsandmortgiiKes.boingrlrstlienon
real estate (wor t nff4,lB7,&9). ........
'
•
reference is
or can be
made to the advertisement referred to,
obtained by calling upon the Master at his office,
No. 140 Nassau street (Morse Building), in the City
KENNETH G. WHITE
Of New York.
Master.
Dated June 28. 1879.
sale,
Alexander & Green.
$6,188,081 74
Total
(HAS. J. MARTIN, President.
J . H. WASHRXIRN, Secretary.
FIVE PEB CENT
Dividend of
clared, payable on
I
has been de-
demand.
UTUAL LIFE
raRRTECOMPM
YORK,
OF NEW
_.F.S.WlNSTON PRESIDENT
ISSUES EVERr APPROVED DESCRIPTION OF
,
Complainants' Solicitors,
No. 120 Broadway
New York City.
sale advertised above is further »<M?™ r?"?5
to be held
to the 31st day of October, 1878. at 12
G. WHITE,
at same place.
Master.
Dutod Sept. 20, 1879.
Alexander & G^ietct,
Complainants' Solicitors,
129 Broadway, Now York City.
.
8.734 24
cies Issued at this office
A
KENNETH
\-™^ «*
™
United States stocks (market value).... 8,819,900 00
Bank stocks (market value). ............. Jog* 6 00
239,7*8 °*J
State and municipal b'ds (market value)
Loans on stocks, payable on demand
141.170 00
(market value of securities $216,367)..
99.1*8 go
Interest due on 1st July, 1879
It".;*»
agents
of
hands
In
Balance
gg
-•
«o. 8 2! *W
•
Real estate
Premiums due and uncollected on poll-
<a
The
*»2.422 67
CashinBanks
...
and conditions of
OF ASSETS
in the
:
1
<
..
sale
For' terms
1,179,594, 48
United States, available lor the PAYand for the protecMENT of LOSSES by FIRE
tion of Policy-Holders of FIRE INSURANCE
STATES CIRCUIT COURT,
UNITED
SOUTHERN DISTRICT OF NEW YORK.—In
York
$6,128,021 74
Held
under the decree made in the ab&ve-entitled suit.which has been advertised in this paper once
the fifteen weeks last past, is hereby adfor
week
a
journed to September 26, 1878; the sale to take
tlace at the Wickham Avenue Depot of the New
York & Oswego Midland Railroad Company, in Middletown, in the County of Orange and State of New
33
Total Assets
SUMiriARlf
'.s
so
14
Financial.
The
$3,000,000 OO
1,728,217 OO
220,2 10 26
3i
defendants.
1
2»
si
27
s.
.
35
a
a« a
i6 a
n
31
10
»'M»
23
a
a
''«
10
9«a
221.:
20
IS
25
CASH CAPITAL
Reserve for Reinsurance
Reserve for Unpaid Losses
Net Surplus
3s
Equity.-Between JOHN G.STEVEN'S and others,
complainants, and the NEW YORK & OSWEGO
MIDLAND RAILROAD COMPANY and others,
....a
naa
X
a
M a
«
;'
<°
—
bbl.
40
^6
^-»t«aj<i.
s.d. ' d.
41
42
45
E6
18
a
a
a
O
*
®
28
Burry
South Am. Merino, unwashed
Cape Good Hope, unwashed
.Texas, fine, Eastern
Texas, medium. Eastern
Heavy goods. .» ton.
Corn,b'lk&bgs. * nu.
Wheat, bulks bags..
* tee
Beel
* bM
Pork
a
S3
37
*2
...
OFFICE, 119 BROADWAY.
Fifty-Second Semi-annual Statement
SHOWING THE
CONDITION OF THE COMPANY ON THE FIRST
DAY OF JULY, 1879.
62>»*
*&
NEW YORK,
OF
*»
j
5 50
'•
Interior
....
(9
«.,
"
Company
Insurance
•
l;K*J
*bx.
e
i*
19
"
* »
®
»
ft.
*».
'.4x20
CO.,
Insurance.
"
»
MASON &
Broadway, New York.
"
ToLivsarooL:
o
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES. In
11 CO
12 10
14 50
....»
9Xi>
Superior, unwashed
Fair
Cotton
Flour
Co.,
(near Willi),
Stocks bought and sold on the NEW YORK STOCK.
ou a margin of 3 per ctnt, If desired
Equal attention given to small and large Investments.
Any Information given r crsonally or by mail. First-
'
Smyrna, unwashed
fJilClGHTS—
6x"
St.
EXCHANGE
6H
11
ft
Batavla.Nos l''@12
Brazil, N08.9O1!
Refined— Hard, crushed
Hard, powdered
do granulated
do cutloai'
Amerlcan XX
American. Nos. 1 & 2
American, C im^in^ andDelai
&
F. Gilbert
No. 16 Broad
Manila, sup. and ex. sup
on
W STREET.
R
@
10 25
11 50
14 25
Extra, Pulled City
No. 1, Pulled
15
lOJt
K
Pi
1879.
"
California, Spring Clip—
7K
5X
4%
7
Ayres.selected. ,VB>.
common
l**
*J
4xa
WOOL15
7X»
6«a
3sa
250
...
4
•*
46
42
75
98
1
"
English, reuned
Plates. I. C.eose
Plates.char.tirj?,
160 00
2S
23
•*
May
"
Banca
COa
CO®
00a
00*
145
125
170
HOPS-
"
5Ki S
Straits
3
11
.'
Heinlock.Buen, A'res
gfd.
"
"
Melado
TIN—
a
UHa
Russia clean
California,
75
,
®
a
a
15 KB
\CX@
11
®
HEMP AND JU IB-
Rio Grande,
Orinoco,
No.
hbl
Prlmeclty
Nonehere.
j/iuuis, State
Montevideo,
*
..
BOVDS,
HAS REMOVED TO
34
10
(3
fO
:s to
Centrifugal, Nos. 7@13...
TALLOW—
a
4
Corrientes,
Porto
Boxes
a
9
a
10
5
ii
5 50
4
HIDB$Dry— Buenos
*
Beers, Jr.,
BANKERS AND STOCK BROKERS.
"
fair to prime
l.ico. reiln
c'.nved, Nos. 10@12
do
a
iitsarter8(new)...
Italian
1
A, SON,
NEW YORK.
BROOKLYN SECURITIES, CITY
Gas Stocks, Ac,
ton.
WliiteextraC
3 75
...<»
state, sllctd
do
do quarters,
do
Peaches, pared, Ga., good to ch'ce..
unp d halves and qis. new
do
Blackberries (new)
Raspberries (new)
i.herrles, pitted, ury mixed (new)..
American dressed
AmerlcaL undressed
N. T.
refining
FxtraC
i*a
new
do
common
19
4Wa
French
uo
v
.
'
Coflee, A, standard
y$«
Dates
naif
a
a
a
IUULLER
H.
PINE STREET.
.
26
24
26
191
new
new
No. t
47
venni, n g... . ¥
w
....•
Loose, tew
Canton Ginger
ADRIAN
Yellow
HalslaB .Seedless, per 50 lb.f rail
oo Layers, new.....
Valencia,
500
29X4
.
••••'I
No. 2, Bay
Currants, prime
Citron
Prunes, Turkish,
\P
1"
Good
31
a
clasees of
OB
30
3 00
1 70
4 25
"
Pork, mess, spot
Pork, extra prime...
Pork, prime mesp, nest....
Buet.p'ain mess
Beef, extra mess
Beef h&ms.West-rn
Bacon, long clear
Inferior to
Fair
...4
8 1!.H«
4 50
all
WEDNESDAYS AND SATURDAYS.
SOX
i 15
"C"
Oeorge's (new) cod.V atl.
pr.bbl.
Mackerel, No. 1,«. shore
Mackerel, No. 1, Bay...
Mackerel, No.2 Mass.shore
*
15
i»XS
(jr'd Bk.ft
Sardines,
Sardines,
16
15X
* n.
,-„—
•
Sheathing, new (over!2 ozj
BrazlerB'(over 16oz.)
American ingot. Lake/.
COTTON— See special report.
Figs,
*5*
u
a
n a
COPPBK—
do
u a
14
12
12
• • •
a
i
iox»
Ooimngo
stackerel.
15X
..a
Savanll la
Costa Klca
do
do
a
...
H
1
sax*
l
,
gal.
Lard. City steam
15
....a
a
,5
•
PKOVISIONS-
..
....a
6o
Crude, in shipping order
Cases
Refined
Naphtha. City, bbls
SITGAR-
....a
1
-
'•
PETROLKOM-
Hami, smoked
i2xa
do
do
do
_
*
Cotton seed, crude
Olive, in casks «< gall
Linseed, caskB and bbls
Menhaden, crude Sound
Neatsloot, No. 1 to extra
Whale, bleached winter
WhaU, crude Northern
Sperm, crude.......--Sperm, bleached winter
Lard oil. Sos. 1 and 2
City, thin oblong. bags
Western, thin oblong (Dom.)
names im5
"
2 00
2 00
1 90
of
STOCKS AND BONDS,
36
a
'.5
1
,
"
OILCAKK8 00
ooa
11
D.L.&W.
»1
19
19
•
......
penn.
Hobokeu.
i!
a
s
will show
aui-tion or present schelule rates; the
mediately above the figures Indicate the
Ns
21
a
lat-t
buig.*
Bfrab...*Ji
Grate.... 2 20
10
5KS
to fine
Liverpool gat cannel...
Liverpool house canne! ...
akthkacitb— The following
del,Ve 'T:
9*
1
u a
u a
.
CUH.l'.Bfc—
«
SO
bbl
•••
" wlndowglass
OILS-
a
a
a
Prices)—
"
*
,-••• g* 1
Spirits turpentine
Rosin, strained to good strd.* bt.l.
••
low No. 1 to gaod t,o. 1 "
••
low No. 2 to good 1*0 2 "
••
low pale to extra ;a'.c. "
*X S
3
9
si
l
a
27
Pitch, city
5 7i
5 50
3 5C
•_•
28
2H
t
REGULAR AUCTION
hold
SALES
20
27
S3
Si
40
i8
II
M
„
Tar, Washington
Tar, Wilmington
a
Sdiine...
.
Cutsplkes.allslzes
fatntn—ha., lnoli.com .puce. * ».
Lead, dry, combination, pries....
gal.
•••
NAVAL BTORBS-
a
a
a
Is
00
20 Jjj
3 VS
4 75
3ln.&longer
to
i)
45 00
45 oo
@15o oo
is
is
J5 oo
a
00
<-»
80 00
'*'! oo
»
a
35 00
Blac* walnut
Spruce boards* planks, each
Hemlock boards, each.... ..•"•
V M. ft.
Maple
*<jij«— •.0®6ud.ccm.ten.A sb.* keg
i
"
BONDS
and
At Auction.
undersigned
The
,
»
.
Cuba, Mus.,
Barbadoes
Demerara
Porto Klco
oOtest
do
N.O.. com. to choice
70
Ash.' good....
.
50 test
90
M
STOCKS
IX)
,
MOLA8SBS—
Cuba, clayed
It. 40 00
/.ifMier-ri'.e.ii'dto e*.dry *
PlOf.«hljplJK .box........ ........ 18 90
J2
do taly iioards.com -to g fl/vn.
..» M. It. 35 00
J3, k
80
a
.
M
.on n«r(l,atlo»l..»
irv:l
27 00
„••••%_, •
Store Pricea,
....a
Bar, Swedes, ordinary sites...* lb.
Bar refined, Bng. and Amer. per ton
*» ....8 .. 18
Sheet, Buasl8,8 to II
... 4
50 <a
_ 50 Ofl
Kails. American, al tide-water
f
Steel rails, American a tidewater. 5i 00 a =5 00
i\
».
...
,.-.- noflct Al report.
ei.
Pol, a* o
B JlUilNu
<— :
»
SO 03
29 00
a
«
28 00
[Vol. XXIX.
Financial.
a
ton. 29 00
Pig, American, ho. 2
Pi". American, Forge
Pig, Scotch
L
—
.
M
POLICIES
LIFE AND ENDOWMENT
FAVORABLE AS THOSE OE
ON TERMS AS OTHER
V
COMPANY.
v
ANY
ORGANIZED APRJL 12 V L8f-2_
:
'
OCTOBER
THE OHRONKJLF.
1-70]
4.
Commercial Card*.
niCHiiiHlilmi.
E.R.Mudge,Sawyer&Co
O \ L¥
Insurance.
AOhNT^ FOR
Waaltliiiituu Mills, ,'liHupee .llfg Co..
Rurlluicton IVooleii <)o.,
New Mills,
OFFICE OF THB
Allium, Co. ton 'lllls,
Saratoga Vlctor> Mig i
Hosiery, Kblrts and Uratvrr*
AT L ANTI C
From
13
A
Insurance
15
WulTK gTRRBT.
PHILADKLPIlIA,
The Trustees, in conformity to the Charter of the
Company, submit the following Statement of its
attain on the 31st December, 1878:
Premiums received on Marine Risks,
from 1st January, 1873, to 31et Deoeu bcr, 1S73
$4,009,809 47
Premiums on po'icies not irked off
1st January, 1878
1,8(8,697 38
No
Co.,
And
United States Bunting Company.
Widths and Colors always
In stock.
& Bro.,
George A. Clark
HELIX NEEDLES.
MIl.VV lltll-s
BROADWAV, NEW YORK.
400
701,200 00
619,031 50
Hong Kong &
1,529,259 74
Bank
Head
:.-... $13,810,468 16
the outstanding
Tuesday, the 4th of February next.
The Outstanding CertlBcates of the Issue
of 1875 will be redeemed and paid to the
holders
;hereof, or their legal representatives, on
and after
Tuesday, the 4th of February n-xt, from
which date
all interest thereon will cease.
The certificates to
be produced at the time of payment and cancelled.
Dividend of Thirty per cent,
is
8.
W
Rons Kong.
Office,
AOKNT,
POMEROY
Russell
Jk.,
&
I
Wau,
N. T.
St.,
Co.,
conn i ssi on iuerchawts
AND SHIP AGENT
Hons Kong, Canton, Amor, Fooehow
Shanghai and Hankow, China.
Boston Agency,
New York Agency,
J. MURRAY FORIiRP,
S. W. POMEROY Jk..
'*)
CENTRAL 8TRKBT.
de-
c'ared on the net earned premiums of the
Company,
for the year ending 31st December,
1878, for which
certificates will be Issued on and after
Tuesday, the
•th of May next.
Shanghai
Banking Corporation,
381,210 92
By order of
;
I
ANDES
_
Oct. 14| AII.SA
For Kingston. Haytl ami Muracalbo:
Oct.
2[ATLAS
Oct. 18
MANHATTAN RAILWAY COMPANY,
SIXTH AVENUE LINE.
certificates of profits will be paid to the
holders
thereof, or their legal representatives, en and
after
A
Atlas Mail Line.
West Indies and South America, Calling at
the following ports, vl*.: Klngnton (jam.). Capo
Haytl, Oonalves, St. Marc, Port au Prince, Aux
Cayes and Jacmel, In Haytl Santu Martha, Savanllla, tarthagona and Asplnwall, In Colombia:
and
Greytown, Nicaragua.
Regular Fortnightly Bailings from Pier No.
North River as follows
For llaytl, Colombia, Greytown, Port Union. Asplnwall. Panuma, and South Paclllc Ports
.,*' or,
F*r Porto Rico—CI.AK1BKL, Oct. 28.
Superior flrst-eluss passenger accomtnodallona.
P1M, FOllWOOD A CO.. Agents,
No. 87 Wall Street.
wiBe
".
DEBEBIAN,
Agent, 55 Broadway,
.
New York
..
l.oi IS
„_
ALPS
4,186 024 93
Stock, City, Bank and other stocks.
$10,086,758 00
Loans secured by Mocks, and other-
Assets.
j
twelve months.
For passage and freight apply to
sWk
STBIPKS.'
Also, Agents
has the following assets, viz.r
amount of
H
i 1
.
cabin, *IO0
second cabin 188third cabin. SliO; steerage, tHH, Including wine Jediliiu.' and utensils.
Return tickets at very reduced rates, available for
•
Expenses... {839,960 58
Six per cent. Interest on
North Klver. foot of
H
off from 1st JanuDecember, 1878
Losbcs paid during the
sate period
$2,012,784 45
Return of Premiums and
Total
«
:
FRANCE, Trudelle
Wed., Oct 8 11 A M
KnuiKiiel
Wed.. Oil. IS. 4 p! m!
LABRAIXIK. SmiKllir
Wed Oct ai
A
PRICK OK PASSAGE, llncluillnKwIno;-
CANADA,
:
ary, ISTS.tj 8lFt
in
Coiiiuaujr'a'
Mi'lllllHlllps,
..
No. 109 Dunne Street.
Premiums marked
Cash
rsn-AlUullo
I
from Pier (new) Ho.
Morton str.it. as follows
kinds of
all
"AWNJNO
A loll supply all
Real estate and claims due the Company, estimated at
Premium Notes and Bills Receivable-'
.11
NKW milh AND HAVRE.
COTTON CANVAS. KKLTING DOCK, CAR Ul>» Eh
l««». BAOOINO. RA VKNS DUCK, SAIL TWINES
*C. " ONTARIO SEAMLESS BAGS,
i5,838,00683
jor upon Fire, disconnected with Marine, Risks
United States and State of
I
•I
To Havre— First
Lifoliiske
The Company
.1
The splendid vessels on t hi. favorite route fsr the
loiitliient-aubliis provided with electric bells—
will
COTTONSAILDUCK
h»-o been issued npoi
o'iciee
i
;
ilSTWKKN
r >1
Turner
BrinckerhoiT,
m
Tutil amount of Murine Premiums.
W.i.
sail
Co.
S3, 1879.
••
Ul.o.ON,
15 Cll AU.'.'J-
'Manufacturers and Dealers In
York, oMVlry
f
,...
cunwr SrsaiCT.
23U
&
New
Line to France.
Various Mills.
NEW YORH,
W. DAYTON.
J.
Mutual
Direct
l.llerton
John
59
i
Waul
D wight &
St.,
N.Y
OPKN FROM 5:80 A. M. TO tt P. M.
Rector Street— Nearest point for Wall St. Ferry
and connects with the cars for South Ferry. CorU
landt Street -Nearest point for Jersey City and Communipaw Ferries. Park Place. Chambers Street
Franklin 8treet. Grand Street. Bleecker StreetConnects with cars for East and West. 8th Street
14th Street. 23d Street. 33d Street. 42d StreetConnects with New York Transfer Company's cab
lor Grand Central Depot. 60th Street and 8th Ave
58th Street. 53d Street and 8th Ave. Stfth St. and
9th Ave. 72d Street and Dtb Ave. 81st street and
9th Ave. l)3d Street and »th Ave. 104th Street and
9th Ave. For up-town trains take east side stations
For down-town trains take west side stations.
Trains will run to 68th stieet and 8th ave. and
104th street and 9th ave. alternately.
Sunday trains from 12:30 P. M. till 12 midnight.
FARE TEN CENTS,
Except between the hours of 5:30 and 7:30 A M an
5 and 7 P. M when the fare Is Five Cents.
.
WM.
VAN BROCKLIN.
II.
D.
President
Superintendent.
W. Lamkin &
Co.,
Cotton Factors,
Co.,
SUPJE R-C ARBO.\ ATE
.
GARRISON,
Cotton.
VICK8BURG,
MANUFACTURERS OF
the Board,
R.
MINN.
Orders to Purchase Cotton In our market solicited
Refer to Messrs. THOMAS J. SLAUGHTER. New
York
J".
H. CHAPMAN,
Secretary.
No. 11
The
fBCSTEESt
SODA.
New
Old
Slip,
.Tobbins Trade
ONLY
F. Wheless
COTTON
John
York
Supplied.
&
Co.,
commission merchants,
nashville, tennessee.
Steel Pens.
Special attention given to Spinners' orders.
J. D. Jones,
Charles Dennis,
W.
H. H. Moore,
Charles H. Russell,
David Lane,
Francis Skiddy,
Lewis Curtis,
James Low,
Gordon W. Bnrnham,
Adolph Lemoyne,
William E. Dodge,
Thomas F. Youngs,
Josiah O. Low,
John D. Hewlett,
Charles P. Burdett,
Wm.
Royal Phelps,
A Hand,
William H. Webb,
Horace Gray,
C
John
Charles H. Marshall,
Robert T. Stuart,
Frederick Chauncey,
James G. DeForest,
Elliott,
a
Wm.
Robert B. Minturn,
George W. Lane,
Charles D. Leverich,
William H. Fogg,
Thomas B. CodtUngton,
A. A. Raven,
Benjamin H. Field.
%\U\ WtM.
GOLD MEDAL,
PARIS, 1878.
His Celebrated yumbers^
303-404- 70-36 -332,
1
1
and his other styles -may bs had of all dealers
throughout the world*
Joseph Gillott
& Sons.
New York.
J D. JONES, President.
CHARLES DENNIS, Vice-President,
W. H. H. MOORE, 2d Vice-President.
AA
RAVEN, 3d
Vice-Prsnidc.t,
Corre-
solicited.
RKFEKK>cKS.-Thlrd and Fourth National Banks
and Proprietors of Tus Ciironiulk.
Sturgis,
Kdmund W. Corlles,
Alexander V B'ake,
William Bryce,
Peter V. King,
Horace K. Thurbei,
William Degroot,
spouuence
PERRY k
m
Felix Alexander,
COTTON BROKER,
AUGUSTA, GEORGIA.
Entire attention given to purchase of COTTON on
for SPINNERS and EXPORTERS
COBRKSPONnkNCK SoLICITKO.
References :—National Bank of Augusta, Georgia
ORDER
Henry Hentz A Co., Commission Merchants New
York; William B.Dana A Co., Proprietors Coioni
cial asd Financial Chronicle, and other New
Yoik Houses
STEEL
Of giipEitioii English Make. 25
Samples of our leading styles, for
including the famous "D"
and " KALCOIS" Pens, by mail, on
receipt of 25 cents. Ask your Statrial,
PKKRY'6 PJSKd.
KOH,ti!aKemuu,T»ytor&C<
Sole Agents for U.S. New York.
tioner for
PENS.
v
THE CHRONICLE.
•vi
Cotton.
Cotton.
Woodward &
Stillman,
SEAMEN'S BANK BUILDING,
No*. 74
&
76 Wall
GEXER AL COMMISSION MERCHANTS
-«OA!<fS 31ADK ON ACCEPTABLE
INMAN,SWANN&Co
New
Tork.
COMMISSION MERCHANTS,
Receive consignments of Cotton and other Produce
and execute orders at the Exchanges in Llverpoo
Represented In New York at the office of
BABCOCK BROTHERS ft
60 Wall Strut.
advances made on Consignments.
the purchase or sale of contracts for f uture delivery
&
SOUTHERN SECURITIES.
H.
AND
132 Pearl
&
Henry Hentz
Co.,
8on of J. T,
lato of
GENERAL
Knoop, Hanemann
ft
Co.
Farley,
FINANCIAL, AGENTS,
Of cotton.
Wm. Mohe. CLEMKNSFISOHEB, h. W. HANEMANN,
Hanemann,
CO.,
J.
COTTON FACTORS,
COMMISSION MERCHANTS,
LOANS MADE ON
Special attention paid to the execution of orders for
LIVERPOOL,
17 Water Street,
H. W.
SECURITY.
ijtbera'
B.F.BABCOCK&CO.
Cotton Exchange Building,
101 Pearl Street,
4, 1879.
Cotton.
COTTON
COMMISSION MERCHANTS,
Street,
NEW YOKE.
»
[October
F.
O Box
Street,
New York.
3,909.
Advances made on Consignments.
Special personal attention to the purchase and Bale
or ''CONTRACTS K01J FCTUBE DELIVKKY"OF
__
-COMMISSION MERCHANTS, Mohr, Hanemann & Co.,
Schroeder
&
Johnston,
S Soulli William St., New York.
COTTON BROKERS,
SUCCESSORS TO
Advances made on Consignments to
WARE, MURPHY A CO.,
123 PEARL STREET,
COTTON.
'
Messrs.
JAMES FINL.VY &
NEW YORK.
LIVERPOOL, LONDON AND GLASGOW.
Also execute orders for Merchandise through
FINLAY,
Messrs.
in
fill
CO.,
A-
E.
In
(Successors to
Bennet
&
MOODY
ft
Co.,
AND
-GENERAL COMMISSION MERCHANTS,
New
8c
Foulke,
lmurance.
COMMISSION MERCHANTS,
121 PEARL STREET,
NEW YORK.
Special attention given to the execution of orders
Delivery.
^__
York.
-Advances made on Consignments. Futnre ConCotton bought and sold on Commission, In
Fielding,
Gwynn & Co.,
New
ft
COTTON FACTORS
Lehman, Durk ft CO.
Montgomery, Ala.
Co.,
Orleans, La.
LEHMAN BRO'S,
Cotton AND Factors
140 Pearl
street, N.
Orders executed at the Cotton Exchanges
In
New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correpondents in Liverpool, Messrs. B. Newgass ft Co.
and Messrs L. Rosenheim ft Sons.
(Successors to
Co.,
GRAY
ft
BOSTON, MASS.,
Agencies for the purchase of Cotton at all of the
principal Southern Markets.
COMMISSION MERCHANT
NEW ORLEANS,
IDennis Perkins
LA.
&
&
117 Pearl
New
Street,
COTTON BROKERS.,
>o. 146 Pearl Street, Bear Wall, N. V.
Established (In Tontine Building)
Tileston
&
1841.
Co.,
COTTON BUYERS & COMMISSION MERCHANTS
60 Stone Street, New York.
Orders
In Futures executed at N.Y. Cotton Exch'ge.
JSawyer, Wallace
&
Co.,
*,OTTON FACTORS ft COMMISSION MERCHANTS
4T Broadway,
New York.
York.
Agent.
British
Co.
Ins.
United States Board of Management,
J. J.
ASTOR,
E.
EBq.
WHITE, SAM.
P.
BLAGDEN,
MANAGERS,
Office
&
:
SOLON HUMPHREYS. Ch'r'n,(E. D.Morgan & Co
DAVID DOWS, Esq. (David Dows & Co.)
E. P. PABBRI, Esq. (Drexel, Morgan &Co.)
Hon. S. B. CHITTENDEN.
EZRA WHITE. Esq.
54 William
St.,
New York.
Co.,
Liverpool
<£r
BROAD STREET, NEW YORK.
made on COTTON
London dr Globe
in Store.
WALTER & KROHN,
Insurance Company^
COTTON BROKERS,
BEAVER STREET, NEW YORK.
45 William St,
York.
James F.Wenman& Co.,
New
NEW YORK
BROOK'S",
ft
$2,045,458 94
St.,
Mercantile
MERCHANTS AND BANKERS,
54
S3
Orders for Spot Cotton and Futures promptly exe
cuted
H.
Co.,
Tainter,
NOURSE
R. M. Waters
Co.,
COTTON BROKERS,
.-
&
GENERAL, COTTON MERCHANTS, CHAS.
97 PEARL STREET, NEW YORK.
Liberal Advances
L. F. Berje,
ft
North
COTTON BROKERS,
Waldron
1879..
ALEXANDER,
Future orders promptly executed.
CO.),
COTTON BUYERS AND BROKERS,
No. 95 WATER STREET,
OOTTON BUYER
losses, etc
OF
PEARL STREET. NEW YORK.
136
(Successors to
Almy &
Re-ineurance fund
Unpaid
1879
$6,914,147 79
$3,000,000 00
1,617,189 85
351,499 00— 4,868.685 83
1,
Capital
LONDON AND EDINBURGH.
&
Geo. Copeland
EXCHANGE PLACE.
New York.
Total Assets, January
Y.
COMMISSION MERCHANTS,
40
OF HARTFORD.
JAS. A.
COMMISSION MERCHANTS,
Company
Insurance
NET SURPLUS, Jan. 1,
No. 3 Cortlandt
New Yors and Liverpool.
LxHBiN, Abraham
iETNA
for the purchase or sale of Contracts for Future
tracts for
•
Special attention paid to the execution of orders
for the purchase or sale of contracts for future dp
of cotton. Liberal advances made on con.
very
JEMISON),
BANKERS, COTTON FACTORS
No. 123 Pearl Street,
OR-
bought
New York and Liverpool.
Jemison
S.
Special attention given to the execution of
DERS FOR FUTURE CONTRACTS.
Btgnments.
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOR COTTON
and sold on Commission
COTTON COMMISSION MERCHANTS,
111 Pearl Street, New York.
CO.,
J,
&
A. L. Pierce
Civil
Co.,
E.
PCLSFORD,
Resident Manager.
A Real Estate Agents,
VICKSBUBG, MISS.
Engineers
(commercial
Purchase, sale, entry and redemption of lands and
for non-residents attended to.
Information as to value and local advantage of
lands famished. Our field of operation embraces
the States of Louisiana and Mississippi.
payment of taxes
MANCHESTER
Works,
Locomotive
{OF LONDON),
MANUFACTURERS OF
Locomotives and Amoskeag Steam
Fire Engines,
MANCHESTER,
ARETAS BLOOD,
Superintendent.
Manchester, N. 1
W.
Water
street,
PELL,
Resident Manager,
MEANS,
Treasurer,
40
ALFRED
N. H.
G.
Ca
LJnion Ins.
Boston
3Y
&
39 Wall
Street,
@FedFRASER