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financial;
flmmtrrial
amide
u
HUNT’S
MERCHANTS’
^
REPRESENTING
THE
pews paper,
INDUSTRIAL
VOL. 25.
AND
COMMERCIAL INTERESTS OF THE UNITED
STATES.
SATURDAY, OCTOBER 6, 1877.
CONTENTS.
THE CHRONICLE.
Movements of the Public Debt.... 319 Imports and Exports for
August,
Clearing House Operations in
1877
321
1876-77
830
The Improvement in Trade} and
Some Lessons Therefrom
321
Currency Changes to October 1.... 322
Financial Review of September... 323
The Debt Statement for
Septem¬
ber, 1377
Latest Monetary and Commercial
English News
Commercial and
Miscellaneous
News../.
THE BANKERS’ GAZETTE.
I Quotations of Stocks and Bonds.
Money Market, U, S. Securities,
Railway Stocks, Gold Market,
| New York Local Securities
Foreign Exchange, N. Y. City
I Investments, and State, City and
Banks, National Banks, etc
327 |
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
336 I Dry Goods
336 Imports, Exports
339 | Prices Current
Cotton
Breadstuffs
324
325
332
4% per cents
4 per cents
Navy fund
342
and
day morning, with the latest
TERMS OF SUBSCRIPTION-PAYABLE
For One Year, (including
postage)
IN
For Six Months
on
Satur¬
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6 10.
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do
in London (including postage)
do
do
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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 Post-Office Money Orders.
London Office.
The London office of t.he Chronicle
is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
Advertisements.
Transient advertisements are published at 25 cents
per line for each inserti®n,
but when definite orders are given for five, or more,
insertions, a liberal dis¬
count is-made.
No promise of continuous publication in the best
place can be
given, as all advertisers must have equal opportunities. Special Notices in
Banking and Financial column 60 cents per line, each insertion.
william b. dana,
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|
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i. J
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cents.
A neat file-cover is furnished at 50
cents;
Volumes bound for subscribers at $1 50. •
$5?“ For
a
complete set of the Commercial
July, 1865, to date—or
at the office.
of Hunt’s Merchants’
postage
and
Interest
703,266,650
200,000,000
10,000,000
14,000,000
19.334,320
27,123,817
Inc.
Legal tenders
356,978,654
..
Called bonds.
Unpaid
to midnight of Friday.
news up
DEBT, OCT. 1876 TO OCT. 1877.
Oct. 1, 1877.
Since Sept. 1, ’77. hince Oct. 1, ’76.
Dec. $15,047,450
$799,293,600
Dec. $185,706,050
Fractional notes
Financial Chronicle is issued
on the same is 18
Financial Chronicle—
Magazine, 1839 to 1871, inquire
changes in the
September 1, 1S77, and
changes in the public
6 per cents
5 per cents
340
:
various classes of bonds since
also since October 1, 1876 :
330
331
and Receipts.... 341
NO. 641.
somewhat misunderstood. The
aggregates, which will
be found in detail
elsewhere, have been summarized in
the following table, which shows the
326
$J)e tffyronieU.
The Commercial
MAGAZINE,
army
Total debt
Coin owned
Total cash
Net debt..;
It
thus
9,053,800
Inc. 200,000,000
Inc. 10,000,000
Dec.
23,310
658,122
Inc.
Dec.
16,595,720
Dec.
1,061,442
Dec.
11,582,818
Dec.
Dec.
11,071.773
Inc.
7,000.000
18,786,642
7,000,000
Inc.
385,472
2,503,000
$2,155,783,683
Inc.
$11,840,417
81,154,543
23,041,885
Currency owned
Dec.
Inc. 15,000,000
Inc. 10,000,000
2,411
Inc. $16,178,938
Inc. 12,775 007
Inc. 2,917,935
Inc.
$104,196,428
Inc.
2,051,587,255
Dec.
Inc. $56,858,259
Dec. 40,679,321
$15,722,942
3,882,525
Inc.
46,341,319
10,516,940
that, including the unpaid army
expenses, which of course belong to the expenses of
the period under review, the revenue of «the
Treasury
has yielded such a handsome
surplus during the last
twelve months as to lessen the public debt
by more than
forty millions of dollars. Of the six per cent bonds
which were outstanding a year
ago, a hundred and
eighty-five millions have been redeemed and their place
supplied by four-and-a-half per cents the total issue of
appears
which has been 200 millions. This excess in the issue of
the four-and-a-half per cents is accounted for
by the
withdrawal of eleven millions of legal
tenders, and of
eleven millions of fractional notes, the
place of the
having been supplied by silver coin. On the
whole, then, we have paid off 185 millions of six per
cents and 22 millions of
MOVEMENTS OF THE PUBLIC DEBT.
currency, and have supplied
the Treasury with funds for this work of
redemption by
Many months have elapsed since the monthly state¬
ments of our national debt received as much of the the sale, through the Syndicate, of 200 millions of fourand-a-half per cents, and of 60 millions of four
public scrutiny as has been given to Mr. Sherman’s last
per
10
millions
cents;
only of the latter appearing in the
exhibit. All over the country the aggregates
presented
present debt statement, because the remainder have not
in the schedule have, for various
reasons, and in many
different points of view, been submitted to examination been as yet paid for, though they soon will be. To
illustrate more clearly the funding operations of the
both in the newspapers and in the offices of our
bankers,
manufacturers, and merchants. Two questions seem to Treasury with a view to reduce the interest on the
have been conspicuous in the general review which has public debt, we compile the following table :
FUNDED
DEBT, 1873-1877.
been so thoroughly given to this
report. Our people de¬
June 80,1873. June 80,1874. June 30,1876. June £0.1877. Sept. 33.1877.
sired to know what progress was
$
$
$
$
$
being actually achieved Sixes
1,231,238,650 1,213,624,700 981,999,650 854,621,350 739,293,600
in the
funding of the debt at a lower rate of interest; Fives
414,537,300 510,628,050 711,683,«03 703,268,650 703,266,550
110.000,000 200,000,000
and, secondly, there was a dominant anxiety to learn the 4}4 per cent
Fours
10,000,000
movements of the gold balance in the
Treasury, and to Tot. funded 1,6)5,805,930 1,724,232,750 l,69i,635,450
1,697,888,500 1,712,560,250
obtain satisfaction as to the other
preliminaries making Unfunded,... 452,012 763 419,815,191 492.75*,833 362,259,513 333,037,004
by the Treasury for the resumption of specie payments. Total debt. 2,117,813,713
2,143,053,211 2,« 99,139,345 2,060.158,013 2,051,537,254
With regard to the first point, the statement has been
These statistics show the funding operations since
H?"" The Business Department of the Chronicle is represented
among
Financial Interests in New York City by Mr. Fred. W. Jones.
latter
FROGRESS OF THE
AND UNFUNDED
CHRONICLE
320
IVOL. XXV.
Daring the last four years the six per cents have recorded the highest point to which the aggregates
been reduced from 1,281 millions to 799 millions, and of the New York Clearing-House ever reached.
the 480 millions of these securities which have been paid From these figures it is evident that, notwith¬
off have been replaced by bonds bearing four, four-and- standing the shrinkage in prices, the great financial
a-half or five per cent, the fives being the largest aggre" movements of the country are going forward with
fair rapidity, and the volume of general business is
gate. Most of the six per cents now outstanding belong
to two classes—the sixes of 1S81 which amount to 208 in a state of growth.
If we had any method of meas¬
millions, and the five-twenties of 1865, 1867 and 1868 uring this volume without referring it to monetary
whose aggregate is 515 millions. The bonds of 1865 standards we should find, no doubt, that since 1874
there has been a steady and well-distributed improve¬
are being rapidly called in, and the aggregate now out
standing is 167 millions. The misapprehension to which ment from year to year in the aggregate of mercantile
we referred just now, appears to have arisen from a
legitimate business. However this may be, the figures
supposition that the 10 millions of four per cents which before us show that the country has probably passed the
appear in the foregoing table, comprise the whole of the lowest point of depression following the panic of 1873,
bonds of this class which the Syndicate had actually and that its present and prospective future seems to indi¬
bought from the Treasury. It is stated from Washing¬ cate further improvement. The subjoined table com¬
ton, on competent authority, that the 10 millions of four pares the Clearing-House transactions of the year with
per cents which Mr. Sherman now reports in his Sep¬ those of several previous years :
CLEARING HOUSE TRANSACTIONS, 1874 TO 1877.
tember statement were all paid for in coin, which is in
Year ending Sept. 33.
1876.
1874.
1875.
1877.
the Treasury with the specie accumulating for resump¬
$
$
$
$
tion purposes. The other four per cent bonds which Currency exchanges..,.20,850,681,962 23,082,276,858 1 9,674,815,360 20,876,556,936
971,231,280 1,401,346,845 1,009,533,037 1,015,258,482
have been sold could not appear upon the September Currency balances
Gold exchanges
2,005,245,673
1 03,940,058 1,722,458,886 2,413,287,764
debt statement, because the old sixes which are to be Gold balances
315,521,895
18,284,429
285,508,991
358,739,818
redeemed with their proceeds are not yet due, though
Total transactions
24,142,680,812 24,613,848,192 22,892,316,275 24,663,841,002
called. During this month, however, a large part of the
Average daily currency
called bonds mature. In a few days the interest on a
exchanges
68,439,483
79,326,301
70,349,427
63,447,724
Average daily currency
large part of these bonds will cease, and as they mature balances
3,178,958
3,608,976
8,283,381
3,323,703
the corresponding four per cent bonds will be entered
It is nearly a quarter of a century since the New
upon the Treasury books, the old sixes being taken York
Clearing House was organized. It began business
off.
Next month such four per cents as have been
October 1st, 1853, and on that day, as has been well
thus entered upon the books of the Treasury will take
observed, “about twenty-seven hundred open, active
their place upon the debt statement, and an equal
accounts on the ledgers of the associate banks, were
amount of redeemed sixes will disappear.
The funding balanced—the most of them for the first time, and all of
law of 1870 allows ninety days for the payment of the
them finally. The business which had rendered necessary
four per cent bonds, and ninety days also elapse before
this large number of accounts, was thenceforth accom¬
the called bonds are redeemable.
plished more quickly, with less annoyance to bank
With regard to the coin which is accumulating in the
officers, and with greater safety to all concerned.” At
Treasury, Mr. Sherman makes a satisfactory report. its
organization, there were fifty-two banks in the Clear
The total coin balance amounts to 119 millions, of which
ing House, forty-eight of which are still members. The
38 millions belong to the holders of coin certificates.
total exchanges since the association began business)
Thus, the net sum of specie owned by the government amount to
475,756 millions. Subjoined is a statement of
amounts* to 81- millions, and it is steadily increasing.
the total exchanges of each year, with the amount of
From these facts it is clear that although Mr. Sherman
cash balances which have changed hands in the daily
has not succeeded in gathering into the Treasury vaults
settlements :
so much gold as was anticipated, still the coin balance
1S77.
CURRENCY EXCHANGES AND BALANCES, 1853
shows a promising increase. Last month it amounted to
Cash
Balances
Av'ge Daily
Av'ge
Daily
Currency
Balances
Paid.
Cct. to Oct.
Exchanges.
Exchanges.
106 millions; on July 1, to 115 millions.
A year pre¬ 1853-54..
$988,078
j 297,411,493
$19,104,504
$5,756,455,937
940,564
289,694,137
D, 362,912,093
17,412,052
viously, on July 1, 1876, the coin balance was 73 mil¬ 1854-55..
1,079,725
22,278,107"
334,714,489
1855-56..
6,906,213,328
lions, while on July 1, 1874, it was 74 millions, and July 1853-57..
1,182,245
26,968,371
365,313,901
8,333,226,713
1,016,954
1, 1873, 87 millions. One of the most important ques¬ 1857-58..
314,233,910
15,393,735
1,177,943
363,934,682
20,867,3 3
6,448,005,958
tions now before the country is how much more gold 1853-59
1,232,017
23,401,757
1859-69..
380,693,43S
7,231,143,056
coin will be needful for the Treasury to accumulate, and 186C-61..
1,151,087
19,269,520
353,383,914
5,915,742,758
1,344,768
22,237,681
415,530,331
1861-62.
6,871,443,591
by what specific methods the accumulation shall be
2,207,252
48,428,657
677,626,482
1862-63..
14,867,597,848
On these points we have frequently ex¬
secured.
2,866,405
77,981,455
885,719,201
1863-64..
24,097,196,655
3,373,827
84,7:6.010
1,035,765,107
26,032,381,341
pressed our opinions, and we shall reserve what we 1861-65..
3,472,752
93,541,195
1,066,135,105
1865-66.,
28,717,146,914
have further to say until Mr. Sherman reports to Con¬
3,7i7,413
93,101,167
1,144,963,451
1866-67.,
28,675,159,472
3,642,249
92,162,163
1,125,455,236
28,484,283,636
gress his views on these important portions of the 1367-68.,
3,637,307
121,451,392
1,120,318,307
1868-69.
27,407,028,986
Treasury policy.
3,365,210
60,274,478
1,036,484,821
27,804,539,405
1863-70.
1873.
NEW YORK
TO
.
1870-71.
1871-72.
CLEARING-m.USE OPERATIONS IN 1876-77.
1872-73.,
29,300,986,632
33,814,369,568
33,972,773,942
1873-74.
20,850,631,962
of the total business of the last year was
1874-75.
presented at the annual meeting of the New York
Clearing-House on Taesday. In the statistics with
which we have been favored by the manager, Mr. Wm.
A. Camp, we see that the aggregate transactions for the
year were 24,663 millions, against 22,892 millions last
year, 24,613 millions in 1875, 24,142 millions in 1874,
and 36,935 millions in 1873.
The last-named year
1875-76.
23,042,276,853
19,871,815,360
20,876.556,938
The report
'4for FRASER
Digitized
1876-77.
1,209,721,029
95,133,073
3,927,665
1,213,293,827
1,152 372,108
971,231,280
1,104,346,845
1,009,533,037
1,015,256,4S2
105,964,277
3,939,265
111,022.137
3,765,921
68,139,483
3,173,953
79,826,301
70,349,427
63,447,724
3.603,976
3,288,381
3,328,703
capital of the banks that are members of
the Clearing-House is $68,235,200, against $78,535,200
last year, and $80,435,200 the year previous.
The total
reduction of capital and surplus for the year is reportedat $11,256,200.
The total reduction of capital and
The total
October
THE
6,1877. j
CHRONICLE.
321
surplus from October 1, 1875, to June 22, 1877, which convention of bankers did not take up this and some
was the date of the last official report, and includes
other subjects connected with bank statistics.
Publicity
a period of twenty-one months, amounted to $20,091,in respect to bank affairs has
been
found
usually
bene¬
600.
In these figures we see verified the anticipations ficial, both here and in
Europe. There is no apparent
we have so frequently announced of the mischievous reason
why like good results should not be realized by
effects of excessive bank taxation.
the banks from the publication of the
Clearing House
The number of banks doing business in the city of
reports throughout the United States. Should the work
New York is seventy-five, of which forty-eight are fall within the
appointed duties of the American
national and twenty-seven are State banks. The total Bankers’ Association,
they would do a good service to
capital of the seventy-five banks is $71,485,200. The the financial community if they could in any way
surplus is $30,951,400, giving an aggregate of capital facilitate and secure such a publication as has been
and surplus of $102,436,600.
Seventeen of these banks suggested of the statistics* of the twenty Clearing
do not belong to the Clearing-House directly, but clear Houses of the United States. For the sake of com¬
to various members of the association.
It is to be parison with the
foregoing statistics, we give the
wished that Mr. Camp’s complete and thorough system subjoined
comparative view of the London Clearing
of keeping his statistics could be adopted by the various House transactions since
1867, when the reports first
Clearing-Houses in the United States. These institutions began to be published:
are more numerous in this country than in
YEARLY TRANSACTIONS
LONDON CLEARING HOUSE, 1867-’77.
any country
Total
in Europe.
On
Fourths
On Stock Exc'ge.
for
On Consols
Even in England there are very few cities
the Year.
Account Day8.
the
Month.
of
Settling Days.
which have a Clearing-House. It has been stated that
1867-68...
$735,565,000
$2,222,215,000
$661,465,000
there are not half a dozen in the whole of Great Britain, 1866-69...
17,670,195,060
809,305,000
2,753,110,000
711,350,000
OP
...
In the United States there
are
now
twenty Clearing-
1S69-70...
1875-76...
1816-77...
1,158,150,000
Houses
1871-72...
hundred banks.
1872-73...
...
1873-74...
...
1874-75...
...
altogether, having a membership of nearly four
The oldest, except that of New York,
is the Clearing-House of Boston, which was established
in 1856.
Two years later similar institutions were estab¬
lished in Philadelphia, Baltimore and Cleveland.
The
largest, except those of New York and Boston, is the
Clearing-House at St. Louis, which is under the able
management of Mr. E. Chase, who is well known in this
city and whose useful reports have for many years
been highly esteemed.
The following is a list of the
Clearing Houses in the
United States, with the date of their
organization and
the number of banks they include :
CLEARING HOUSES OF THE UNITED STATES.
Established.
City.
State.
No. of Banks.
1853
1855
1658
1858
..
Baltimore
1858
9
1861
1865
1835.
25
........
1866
1867
1868
1868
1868
14
1672
14
1873
1874
1676
1876
20
1876
7
Twenty Clearing Houses
At
...
394
future
day we hope the plan will become
practicable, which we proposed last year, of collecting
and reporting at frequent intervals the
clearings and
some
balances of each of these institutions.
would
be
There is
no
of
the
highest value for
obstacle
to
Such statistics
many purposes.
prevent such details from
being
recorded and given to the
public, which might not easily
be surmounted. We have reason to believe that the
managers of the Clearing Houses will be perfectly willing
to undertake the task of
compiling, once a month or
oftener, such reports
suggest, if only the requisite
permission could be given by the banks. The prejudices
as we
which have hitherto obstructed this
ago to have been overcome. No real
work, ought long
injury could occur
to
any sound institution from a publication of the
aggregates of the whole Clearing House to which it
belongs. It is, we think, to be regretted that the recent
...
26,798,610,000
30,016,925,000
29,967,930,000
30,066,495,000
2,973,815,000
3,179,730,000
744,110,000
845,705,000
4,712,230,000
5,162,370,000
4,854,725,000
5.382,925,000
1,169,215,000
1,217,805,000
1,300,860,000
1,800,690,000
1,211,075,000
1,118,780,000
4,812,975,000
3,593,965,000
THE IMPROVEMENT IN TRADE AND SOME LESSONS THEREFROM*
There is
longer room for doubt of the agreeable
fact that business in most departments shows
improve¬
ment.
no
So far as this city at
least is concerned, the general
testimony is that the fall trade is the best since 1872,
although it is of course unsafe to assume this undeniable
improvement as the beginning of the long-awaited
“revival of business” which is to make compensation
for all past losses. It would be premature to count it as
certain to be more than temporary, for we are fixed in
the belief heretofore expressed that there neither will be
nor can be
any continued substantial prosperity except
as specie
resumption is believed to be put beyond reason¬
able doubt within a short, definite period. To see that
a sound
currency basis and permanent prosperity are so
connected that neither attempt nor lapse of legislation
can
1871
18,603,115,000
842,615,000
932,858,000
1,148,145,000
1,329,825,000
1,364,205,000
1,279,750,000
1,204,035,000
...
1370-71...
separate them, and to admit and remember their
connection, will be one decided point gained. Another
one, equally important, is to remember that this pros¬
perity will come gradually and not with a rush, when it
does come; that it will not bring back yesterday, will
not relieve any man from the consequences of his
past
mistakes, will not put life into dead investments, nor
restore lost time and opportunities, nor save
anything
from the troubles of the past except the lesson of their
experience. These two points can be profitably pressed,
in season and out of season—if there is, indeed, such a
thing as “out of season” for them; since one condition
of returning prosperity is that it be not misunderstood.
For the improvement already experienced and to
come
there
diminished
are
several
reasons.
The natural effect of
consumption, so often cited and so long de¬
layed that perhaps many people had become incredulous
about it, is now visible.
So, too, the growing faith in
the substantiality of the prospect of resumption has
some effect ;
probably the gradual liquidation of pri¬
vate indebtedness, and such slow growth of confidence
as is attained in spite of the many drawbacks reported
from day to day, also have some effect. The unusually
abundant crops, supplying a vast population with the
THE CHRONICLE
322
of
profitable to the material as well as the
creased trade of the season. Still another cause is prob¬ moral interests of the people.
There is a very practical lesson in this also which
ably the political quiescence of the country, and it is
should not be lost. The circumstance that to direct the
this which we wish briefly to consider.
In estimating the effect of the last-named cause, it is discontinuance of a certain positive course of interven¬
tion is magnified into a “ policy ” to be discussed and be
important to realize, if we can, the significance of the
fact that, for twelve years and a-lialf, the practice, made a subject of contention, is itself evidence that
varying in degree and form, of governing certain States political issues as such are nearly all gone. Thus oppor¬
by federal power, has been kept up. How quickly tunity comes in late—after need has existed for years—
anomalies become customs, and abuses of power become for paying adequate attention to the material interests of
the country.
It might be a hard task, even for the most
regular exercises, is shown by the fact that to few
astute and honest of platform-makers, to say what at
people does this long perversion of authority seem any.
How wonted we have become to it present constitutes a Republican or a Democrat beyond
wise remarkable.
what turns upon the fact of office or non-office, because
appears from the very circumstance that its abandonment
there is no existing question of public policy upon which
—a thing as purely negative as is any man’s refraining
to violate the Decalogue—is dignified by being called either party is clearly and fully committed in its entirety.
the President’s “policy,” as if it were a positive course To look back and see how little legislation has been
undertaken, instead of merely the withdrawal of troops considered upon its own merits, irrespective of its
from a use deemed, at least, no longer justifiable. How¬ probable or possible effect upon party prospects, or even
how little legislation except the purely routine sort has
ever, the fact is that not until now has the practice of
interference been definitely abandoned, and that this had any but party aims, is enough to make us blush and
abandonment is undoubtedly final. No exercise of fed¬ wonder. While the material interests of the- country
eral power will henceforth be attempted in Louisiana have- languished, party measures have occupied the
except as it will be in Maine.
The condition of a large sessions of Congress, leaving finance and tax bills to go
section of the country, the federal treatment of that through under the .gag of parliamentary rules or during
section, and the war itself, are a subject which, with the whirl at the fag-end of the term. Thus what was
diminishing force, was used for the last time in a Presi¬ meant for mankind has been given up to party, and the
dential campaign last year. The chapter is ended, and doctrine in practice seems to have been that the country
Whatever else is done or not done, exists as a field for parties. Decidedly, it is time to
the leaf is turned.
it seems safe to say “the Southern question” has been change all this and give life and force to the doctrine of
eliminated from politics, and with it sectionalism passes reason that parties have no claim to existence at all
away, leaving henceforth no place for either legislation except as instruments for carrying out certain policies;
if no policies exist, then parties are an excrescence; and
or policy on any narrower field than the whole country.
if policies of importance exist, to be determined and
Now, this is a change the importance of which it is
easier to overlook than to overestimate.
It works in carried out, then it is full time we ceased allowing them
two ways.
It relieves the Southern States of the com¬ to be subordinated to parties.
mercial disability of a special uncertainty which discour¬
CURRENCY CHANGES TO OCTOBER 1.
aged capital and immigration ; the effect must be to
The Comptroller of the Currency, has issued during the past
powerfully stimulate their capacitj7, for both production
and consumption, so that in all respects, commercial as week his usual monthly statement of currency changes, bringing
well as political, we shall have a whole country once the figures down to October 1. The statement is as follows :
more instead of half a one.
In the second place—what National bank notes outstanding when Act of June 20, 1374, was
passed
$349,894,182
is of great importance, although how great as compared National bank notes issued from June 20, 1S74, to Jan.
14.1875
$4,734,500
with the other it is impossible to determine—relegating
National bank notes redeemed and retired between
the Southern question” to the past, takes out the worst
dates
2,767,232
and least manageable of what may be called the political
1,967,263
National bank notes increase from June 2C, 1S74, to Jan. 14, 1875.
uncertainties ; wrangle as we may hereafter, the subject
most open to passion and least to reason, and at least National bank notes outstanding Jan. 14, 1875
$251,861,450
National bank notes redeemed and retired from Jan.
one of the most dangerous in any view of it, is put out
14, 1875, to dale
$58,866,036
of the way.
The subjects of uncertainty remaining National bank notes surrendered between same dates. 8,459,803
relate to the finances and the revenues, subsidies, rail¬
Total redeemed and surrendered
$67,325,836
roads, labor interests, and the like ; they are difficult National bank notes issued between same dates
31,356,335
enough, but are not so bad as while complicated with a
Decrease from Jan. 14, 1875, to date
35,969,501
political complaint that always threatened to become
National bank notes outstanding at date
$315,891,949
virulent. We have only to look back over the last six
years and note how all matters, from the federal depart¬ Greenbacks on deposit in the Treasury June 20, 1874, to retire
notes of insolvent and liquidating banks
$3,813,675
ments out to the country cross-roads store, have been
Greenbacks deposited from June 20,1874, to date, to retire na¬
tangled with the federal treasury and with politics, and tional bank notes....
72,256,145
how business has been beset with those special uncertain¬
Total deposits
$76,069,820
ties which could neither be foreseen, measured, dis¬
Circulation redeemed by Treasurer between same date3 without
re-issne
61,633,268
counted, nor yet disregarded,—we have only to note
this in order to see how very decided a step forward
Greenbacks on deposit at date
$14,436,552
towards substantial prosperity the removal of the chief,
$25,085,068
if not the only, source of political struggle must really Greenbacks retired under act of January 14, 1875
Greenbacks outstanding at date
356,914,932
be. The financial and other questions remain to be dis¬
The following statement indicates the amount of National
posed of, and some of them are explosive enough; Bank circulation issued, the amount of legal-tender notes
but it is a great gain that they are to be met in no spirit
deposited in the United States Treauiry to retire National Bank
of sectionalism.
Most certainly, the vehemence with circulation from June 20,1874, to October 1, 1877, and amount
which party ends- have been pushed hitherto has been remaining on deposit at latter date :
means
.
the
fVou XXV.
of
expenditure,
are
also
a
prime factor in the in¬
reverse
...
.
.
..
...
“
same
........
%
4
.
6
7
21
THE CHRONICLE.
1877. J
October 6,
3
1
4
5
6
7
8
1
9
0
2
4
72
Legal Tender Notes
deposited to
retire National Bank Circula¬
tion since June 20, 1874.
Additional
8
2
93
States and Territories.
CirculaVn
issued
since June
re¬
To retire
demption circulation
of notes oj under Act
20, 1874
Liquidat¬ of June 20,
1874.
ing bank*
$41,200
27.400
134,807
96.400
$1,123,780
Maine
493,465
New Hampshire
Vermont
991,970
8,859,605
219,060
1,147,310
6,506,280
1,079,355
4,781,780
84,175
191,010
315.900
324.100
41,870
363,660
Massachusetts
Rhode Island
Connecticut..
New York
New Jersey
Pennsylvania
Delaware
Maryland
...
District of Columbia...
Virginia.
West Virginia.
North Carolina
South Carolina
65*350
958,891
30,060
662,982
166,606
393,164
706,864
731,069
10,600
458,34u
'5,144.200
Georgia—
45,COO
Alabama
107.600
Mississippi
116.100
90,COO
2,319,640
313,200
159,470
1,166,380
1,682,970
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
575,867
235,901
260,731
1.213,521
704,859
921,474
159,900
864,999
508,012
219,676
558,571
45,000
1,006,425
400,620
161.900
Michigan
Wisconsin
Iowa..
720.440
Minnesota
Kansas
Nebraska
Nevada
Colorado
Utah
Montana
602,521/
30.600
27,000
4,320
40,900
5.420,115
1,1*82,580
1,319* i 80
215*8*6
427.500
820,664
1,485,779
171,291
257,085
617,885
1.219.490
16,391,900
973,940
262,132
.
Sept.
I
778,915
201.300
HO* HI
847,675
94,500
"e^soo
87*063
2,099*250
229,340
90,ICO
1,198,633
488,959
3,744,989
2,110,460
3,553,680
5,949,526
1.698.490
741,400
1,456,450
1,218,545
189,900
188,080
2,735*666
229,340
90,000
1,774,500
724,860
4,005,720
3,323,981
4,258,539
6,871,000
1.858,390
1,106,399
1,984,462
1,438,221
718,471
233,080
’
*74*783
*149*,400
161,191
196,8 0
22*4, i 83
357,991
45,000
45,000
1,121
759,699
21,113
1,668
662,758
160,808
864,161
1,361,647
822,358
1,475,303
233,873
233,087
410,003
280,848
271,317
115,520
3,209
51,961
48,468
2,610
108* 106* 106*
107* 106* 1C6
107* 106
106
106)4 106
106*
....
....
....
110
'iioji'ios*".!!!""." *'.*108* *107*
$36,090,835 10.942,738 $61,313,407 $76,089,820 $14,436,552
*.* 'ids* W
....
....
....
....
....
..s:::
109)4 ”.*.*.* r * io5>4
110*
109* 110*
109*
105*
.109* 110* 105*
109* 110* 105*
107*
107*
105*
107* 109* 107*
105*
107*
107*
107* 105*
107*
107*
107*
107*
107* 108*
105*
....
....
....
109*
’io7* ’!...167* ids*‘ids*' i i*
107
...
25
....
...
In tlie money market there
for call
....
....
...
.
..
...
....
....
”!.!"io5*‘io7*’i69*' 107* "ids* "!!!!"!.! ‘ids*'
110*
107* 109* 107* 108*
105*
110*
107* 105)4 105*
109* 110* ...107*
107*
105*
10934
10534 107*
106.*
107* 105* 105
109* 110* 105* 107*
106*
107* 105* 105*
....
26!..".*“ 109*
....
....
..
.
....
....
....
....
....
....
105* 107* 110*
105* 108
110)4
Lowest.. 109 * 110* 105* 107
109*
Closing. 109* 110* 105* 107* 109*
108* 109*
108* 109*
106* 107*
108* 103*
•S
Opening 11034
Highest. 110*
Ill
111
••••••••••••
COURSE OF GOLD IN
i
1 104
Saturday
Sunday
Monday
Tuesday
hardening in
money was
The main
found in the large demand
for currency
and in
large
the
no
to move the large crops of the South and West,
year gince the financial crisis of 1873 has there been so
Date.
i
103* Tuesday
call for money for
in this legitimate business way at
opening of the fall season. The reserves of our city banks
were
a
use
materially drawn down, and by the statement of September
surplus of gold and legal tenders was only $8,430,000^
29 the
against $16,322,775 at the
same
6 103* 103* 103* 103* Sunday
7 103* 103* 103* 103*
Saturday
8 103* 103* 103* 103* Sept., 1877
Sunday
9
1876
“
Monday
1G io3* i03* 103* 193*
1875
“
..11 103 % 103* 103* 103*
Tuesday
1874
“
Wednesday... 12 103* 103* 103* 103*
1873
“
Thursday
13 103* 103* 103* 103*
1872
Friday
14 103* 103* 103* 103*
1871
“
15 103* 103* 103* 103*
Saturday.
1870
“
Sunday
16
1869
“
103
Monday
17 103* 1‘2* 103*
1868
“
Tuesday
18 102* 102* 103* 103
1867
“
Wednesday.. .19 108 103 103* 103*
1866
“
Thursday. ...20 103* 103* 103* 103*
1865
“
Friday
21 lf3* 103* 103* 103*
1864
“
1863
Saturday
.22 :03 103
103* 103*
“
sym¬
pathy with the weakness in gold, and on account of the absence
of a large demand from
any quarter. The usual heavy buyers—
hanks, savings banks and insurance companies—were out of the
market, in consequence of the disposition to strengthen cash
resources at present, rather than to
make additional invest
ments.
1
Speculative stocks, with some exceptions, held their advance
of August pretty well, and some of the northwestern railroad
stocks advanced materially on the
large increase in earnings
since the commencement of the
grain season.
Gold further declined to the lowest
figures touched since May
and June, 1862, and
foreign exchange was also depressed, and
toward the last of the month was
quoted about 4.811- for prime
bankers’ 60 day
CLOSING! PRICES
Sept. 1 95*
“
“
“
“
“
“
2
3
4
5
6
OF CONSOLS AND U.
S.
Consols U.S.
for
! 5-20, 10-40 5s Of New
1881. 4*8.
Money. 1867.
Date.
“
sterling bills.
107
103* 107* 105* Sept. 20
8....
..
95
95
95
95
3-16
5-16
5-16
5-16
lo7* 103*
107* 108*
107* 108*
107* 108*
7 95*
107* 108*
8 95 5-16 107
108*
4 l
io7*
105*
167*
107*
107*
107*
107*
105*
105*
105*
105*
105*
4 4
44
44
44
44
44
21
22
23
24
25
26
27
Consols U.S.
for
5-29, 10-40 5s of
1881.
Money. 1867.
New
95 9-16
107* 107* 107* 105*
107* 107* 107* 105^
1-2—16 107* 107* 107* 105*
95*
95
95
95
95
95
28 95
29 95
30
S....
ii-16 107)* 107* !07*
11-16
9-16
9-16
9-16
11-16
107*
107*
i07*
107)/s
107)4
iosx
107* 107* 10534
107* 101* 10534
107* 107* 10534
107* 107* 105)4
107* 107* 10534
S....
44
9
3....
(4
10 95 5-16 107
107* 107* 105*
“
44
11 95 5-16 107*
107* :07* 105*
“
12 95 5-16 107* 107*
107* 105*
“
13 95 9-16 107* 1C7* 107* 105
107
“
108* 107* 105)*
Open... 95J4
14 95 9-16 107* 107* 107* 105
“
Highest 95 13-16 107* 108* 107* 105)4
15 95 7-16 107* 107*
Lowest 95 3-16 107
107* 105
*’
107)4 107* 105
16
8....
95 11-16
“ )50
Closing
107*
107* 107*
1
17 95 7-16 107*
107*
105*
“
18 95 9-16 107* 107* 107* 105*
96
“
J* 1
no* no* 109
)
60
19 95 9-16 107* 107*
93
107* 105*
106
“
•
•••
..
..
#
.
i07*
107* 105*4 102)4
Openig.
*
103
103
103
103
104
102* :o4
114*
109*
115*
113*
103
103
103* 103*
103*
113* 117* 117*
109* 110*1110*
110* 116* 111*
112* 115* 114
112* 115* U4*
112* 116* 113*
129* 162* 129*
144* 145* 141*
141
146* 143*
143)4 147* 146*
144
142* !45
191
224* 193
1-26* 143* 141)4
116* 124
122)4
102* 107* 103*
112*
116*
133*
144*
141*
147*
144*
245
127
1862
116*
24 103* 103* 103* 103* Since Jan. 1, ’77. 107*
The
following table will show the opening, highest, lowest
closing prices of railway and miscellaneous stocks at the
Now York Stock Exchange during the months of
August and
September:
and
RANGE OF STOCKS IN AUGUST AND SEPTEMBER.
,
-Septernber.High. Low. Clos.
70
70
75*
19*
15*
14*
87
84*
84*
103* 102
103*
102*
99* 101*
36*
30*
36*
72*
66*
72*
32*
38*
32*
38*
62*
61*
64*
64*
10J* 102*
99* 102*
34
41*
31*
37*
Railroad Stocks. Open. High. Low. Clos. Open.
64
75
75
70
Albany & Susquehanna. 64
Central of New Jersey..
11*
21)4
10*
16*
16*
90
85
87
Chicago & Alton
87*
86*
do
102
pref...
Chicago Bnrl. & Quincy 99
104)4
98* 100
99*
21
31
Chicago Mil. & St. Paul. 24
31*
31*
do
do
67
59*
66*
pref. 59*
67*
•
•
•
•
•
•
•
•
•
-
#
•
•
•
•
>
Chicago & Northwest...
do
pref.
Chicago & Rock Island.
Cleve. Col. Cin & Ind...
Cleve & Pittsburg, guar.
Columb. Chic. &> Ina. C.
Del. Lack. & Westeru...
Dubuque & Sioux Ci;y..
Erie
do pref
Hannibal & St.
do
do
22)4
51*
95
26
79*
2*
42*
46
8*
Joseph.,
pref.
,
Harlem...
18
12
28*
140
Illinois Central. .-.
Kansas Pacific
Lake Shore & Mich. So.
Louisville & Nashville..
Michigan Central
Mo. Kansas & Texas....
SECURITIES AT LONDON IN SEPTEMBER
Date.
|
CO
23i
—August.—
during the month in
123*
120*
120*
no* 109* no* no
...
Monday
123
0)
SO
...
time in 1876.
Government securities declined
106* 103
106* 103
105
101*
105* 101*
103* 103* 103* 103*
103* 103* 103* 103*
103* 103
108* 103
25
2
Wednesday.. .26
3 103* 103* 103* 103* Thursday... .27
4 103)4 103* 103* 103* Friday
28
Siindav
101*
10!*
101*
101* 120*
...•
10334 106*
108* 106)4
107* 105*
107* 105*
|
103* 104
.
SEPTEMBER, 1877.
Openig. Lowest. Highest. Closing.
Date.
....
“
decided advance in the rates
loans, time loans and commercial paper.
for the
cause
was a
1(5* 101*
105* 101*
105*
105* idi*
105* 101*
....
.
FINANCIAL REVIEW OF SEPTEMBER.
123*
123*
123*
....
Thursday
Friday
3,813,675
123
107* 109* 107* 109
107*
105* 102*
109* 110* 105* 107*
107*
107* 105* 105* 102* 121*
109* 110* 105)4 107*
109* 107* 1(5* 105* 102*
109*
1071*
107*
105* 102)4 122*
109)4 lio* 105* 107* !*.*.*.
102*
Wednesday... 5 103* 103* 103* 103* Saturday.. .-...29
20, 1874. and remain¬
ing at that date
102*
102*
10234
102*
102*
102*
107* 106 lOj
^
10
11
142,594
191 007
108)*x 109* 103* 103*xl0«*xl08
-.
1,412,712
220,780
134,210
142,215
....
....
*58,058
935.36)
105)* 107*
109* 111
107* 110>* 10834
.109* HO* 105* 107*
109* 11G&
107*
107* 109
109*
108
107*
110
Ill
1C8
109
109* 108
8.. ,...110
111
109*
9
3,199,606
809,185
953,380
635,400
1877.
6s, 1881—» ,-5-20s, Coupon—,,—10-40s—x 5s,’81. ^-fUs^l-^
4s,
reg. coup. ’65 n. 1867. 1868. reg. coup/coup. reg.
coup. reg.
3
*
Legal-tender notes de¬
posited prior to June
Total
$111,899
as,200
*
216,600
...
at date.
593,147
5.540,600
617,385
1,3M,840
17,350,791
1,001,000
6,083,397
287,723
635,750
Treasurer,
$611,200
953,380
*1*22, i 30
Louisiana
Texas
Arkansas
Deposits.
809,185
219,720
with, the
U. S.
Total
$600,000
27,700
Florida.
deposit
on
For
CLOSING PRICES OF GOVERNMENT SECURITIES IN
SEPTEMBER,
Legal
Tenders
323
61*
do
pref..
Pacific of Missouri
102
35
82
5
21*
33
50*
62*
100*
32*
81*
94
24*
78
2
51*
40*
49
46
12*
23*
12*
29)4
142*
65*
8*
18
9
23
139
603*
52
51
52
12*
10
22
13*
21
21
20
21
12*
12*
27*
11*
26*
28
26*
142*
65*
2
64*
28*
43
57
4*
68*
5
74
127
*
94*
66
2
64
10
2
113
91
96
3*
16)4
..
8
4*
24*
i*
7
15
3*
21*
62* *
4*
4*
24*
70*
14*
....
26*
20*
24*
25
24
24*
83*
17
24
19
70*
61*
21
21
21
141
65*
61*
29*
29*
56*
4*
70*
61,*
•6*
11*
11*
142*
71*
2
66*
83
129
75
6*
14*
31*
142*
72*
4*
29*
56*
4*
129
4*
63*
29*
59*
6*
72
129
*
*
*
)4
101*
152*
104*
99*
152*
101*
6*
7)4
*
3*
8
21
142*
129
127
102
It 3
151*
Pitts. F.W.& Chic., guar 88
Rensselaer & Saratoga..
£6
St. L. Alton & T. II
3)4
do
do pf.
15
St. L. Iron Mt. & South.
7*
St. Louis Kans. C. & N.
3*
do
do
pref. 22
Second Avenue
63
Union Pacific...
Wabash receipts
4*
W arren
Miscellaneous.
Pacific Mail
21
American Dist. Tel
24
Atlantic & Pacific Tel...
18*
Western Union Tel
70*
Consolidation Coal
51
12*
2
127
82
3*
8*
46*
49*
28*
4*
68*
82
44*
2
43
83
4*
49*
65*
28)4.
59)4
5*
77*
28*
82
5*
59*
49
47
2
2
101
Panama
4*
51*
127
New Jersey Southern....
N. Y. Cent. & Hud. Riv.
N. Y. N. Haven & Hart;
Ohio <fc Mississippi......
35)4
63 y,
11
154
14
2)4
112
91
99
2)4
113
92*
100)4
3*
17
7
3*
28
7
4*
6*
6
10
2
111
90
99
3)4
15
113
92
100
3*
15*
6
5*
5*
26*
66*
9*
76*
67*
12*
£7*
70
70
70
70*
13*
76*
14*
76*
24*
24*
22*
19
25)4
24*
22*
81*
84*
76*
• • •
13*
2)4-
4
23
70
23)4
•
154
7
24*
19
70
76*
22*
24*
20*
79*
•
•»
THE CHRONICLE
324
—August.
c—
Open. High.
Maryland Coal
Penneylvania Coal...
.
.
9
9
9
9
155
155
155
155
Mariposa L.&M
do
prf
Ontario Silver
....
....
.
Mining.
21 J*
-
Quicksilver
do
pref
Adams Express
American Express
United States Express.
Wells Fargo Express...
Del. & Hud. Canal
24
.
45
41
82
.
.
.
405*
.
Canton
14*
•
...
21 J*
21
20
35
100
1*
...
22
13}*
16)*
24
92
32
465*
44
45
t4%
41
82
501*
14/,
33?*
14J4
2
22
....
183*
2D*
92
33
S2
50
85
49)*
143*
493*
573*
5534
453*
443*
120
129
•
•
days.
Sept. 1..4.823!*@4.83)*
f.3*S.4
86
85
85
863*
853*
©4,
@4
©4.
85)*@4.
83*
4..4.81a*@4. 82 54
5..4.81XS4. 82j*
6..4.82J4@4. 83
7. 4.82?*@4. 6354
8..4.52%@4. 8314
86
86
“
“
“
8534
“
86
“
@4. 863*
“
@4. 863*
“
S.
9
,86
10..4.82)*@4. 833*
863*
@4
86)*@4,
663* @4
,663* @4,
11..4.82)*@4. 83J4
12..4.82)*@4. 833*
13..4.82*£@4. 8334
14..4.!-2?*@4. 83i/,
15.. 4.82)i@4. 833*
“
“
87
•
“
87
87
86/,©4. 87
.863, @4. 87
“
“
3
45)ft
1C*
52 J*
•
..
23
129
•
•
•
.86
,—Expo
Imports DonTtic
For’n
*
$
$
Customs
Districts.
Customs
Districts.
Excess of
Excess of
2,873
....
3,414
Baltimore
following is the official statement of the public debt as
appears from the books and Treasurer’s returns at the close of
business on the last day of September, 1877:
The
Debt bearing: interest
©4'663*
.855*@4.66
.85324'@4.66
....
.
.
....
Bath. Me.
’58
’61
’61
6s, Oregon War
July & A.,’61
March 3, ’63
6s of 1881
March 3, ’04
5s, 10 40’s
6s, 5-20s of 1865, new. March 3, ’65
March 3, ’65
6s, 5-20s of 1867.
March 3, ’65
6s, 5-20s of 1868
5s, Funded Loan, 1881 July 14,’70
1891 July 14, ’70
4/s,
d®.
.
.
,
.
•
Newark, NJ..
2,443
5,103
Bedford, Ms
216
a
J.
J.
J.
b
& J.
<fc J.
& J.
& J.
J. & J.
M. & S.*
J. & J.
J. & J.
J. & J.
Q.—F.
Registered.
$260,000
13,818,000
c
d
d
d
d
d
d
d
126,261,100
53.917,400
142,386,650
Q—M.
Q.-J.
in coin
212,189,900
21,736,300
289.021,700
86,929,250
$853,335,500
$859,224,750
•
Boston, Ms. 4,021,876 3,805,352
77,429
Brazos, Tej
100,612
Bridget’nNJ
.
.
....
$5,000 and $10,000.
Debt Bearing Interest
in Lawful money.
’
pPrincipal. Interest
•
.
....
.
Charlstn, SC
-Ch’stone, Va
Chicago, Ill.
Corpus Chris
Cuyahoga, O
Delaware,
.
.
.
186,297
28,215
678,484
20,455
7,310
32,294
130,445
D
Detroit, M’h
Duluth, Min
70,093
393
42,176
P’quoddy, Me
84,194
161,381
.
.
.
.
Dunkirk NY
Edgart’n,Ms
# *
*
*
f
.
...
187
313
Galvest’n, T
Genesee.NY
242,480
15,234
.
.
.
.
.
405
‘
773
5,592
646,571
....
Salem, Mass..
Saluria, Tex..
4 311
6,494
14,882
84,621
2,207
4,149
'
1,083
1,857.336 1,579,257
167
35,556
•
•
....
90
Mar’head, M
1,220
Miami, Ohio
Mic’gan, Mh
M’town, Ct.
Milwauk, W
Min’sota, M.
58
9
•
.
1,167
463,425
192,503,
following
•
are
£0,781
..
....
+39,666
Total
Excess of exports over imports
Excess of imports over exports
1
l
3, ’63.
.Mar.
Coin certificates.
\
3,
30,
7,447
•
•
•
IS,314
bearing Interest in
Bonds nt. H per rent.
Debt
•
608
323,993
'
Bends at. 5 per
t
1, i i -3
80,182
1,746
1,323
219,181
9,064
...
...
200.000,000
....
:
10,00.',000
Total debt, benrinw interest in coin
Debt bearing Interest in Lawful
1876.
Maturity.
$26,338,214
14,000,000
19,334,320
125,010
653,154
$356,978,654
1
.
42,915,00!'
18,786,642
37,997,500
$456,87/796
7,447
T'otftl
Total
not
.
*2.202,767/67
:
debt, principal and interest, to date,
presented for payment...
Amount
in the
$27,123,816
including interest due 2,229,891,183
Treasury—
119,152 043
14.206,417
redemption of fractional currency
redemption of certificates of deposit
8,835,468
43,110,000
v
Month
of
8 Mos.
ended
August.
August 31.
$42,664,668 $375,450,885 $40,622,706 $362,871,600
35,364,813 298,333,683
39,254,359 336,508,163
$5,237,893
$1,712,560,250
Unclaimed interest
Special deposit held for
,
,—
Money—
Debt on which Int. has ceased since
Debt bearing no Interest—
Old demand and le^al tender notes
Certificates of deposit.
"Frnrtionrd enrreney
Certifieates of gold deposited
Currency held for the
>
Interest.
$799,293/00
703,266.650
rent,
Bonds at 4j* per cent
Bonds at. 4 per rent
475
147,986
Coin—
$135,303,928
Less estimated
amount due military
establishment, for which
$41,521,459 $367,877,248 $39,709,284 $352,804,156
913,422
10,062,444
943,209
7,573,637
$3,410,309 $38,942,722
18,786,64?
3.,997,500
$456,872,796
interest.
Outstanding.
[specie values.]
Imports
Mar.
June
Second
Third
Fourth
Fifth
1
358,914,932
43,110,000
Recapitulation.
Corrected to Oct. 1, 1817.
Foreign
1
4,-91,106
3,114,145
3,028,249
4,4'49.0j8
3,8)4,10.
f First
Aggregate of debt bearing no
....
August 31.
8, ’72.
Fractional currency..
Comparative statement of the imports and exports of the
United States for the month ended August 31, 1877, and for the
eight months ended the same, compared with like data for the
corresponding periods of the year immediately preceding:
August.
J une
3,792
Imports...$39,254,7359 } Domestic exports.$43,693,973 | Foreign exp’ts...$943,201
Specie value of domestic exports, $41,721,459.
*
Foreign exports, Boston, $117,234.
% Not reported.
t Estimated.
Merchandise.
Mar.
deposit..
Amount
the totals for the month of August
Exports—Domestic
(
’82
’62
3, ’63
.
1,900
Willamette.O.
Wilm’ton, NC
Wiscasset, Me
York, Me
Yorktown, Va
—1677.
Month
8 Mos.
of
ended
$21 641,879
172,781,863
50,295/80
11/195,310
11,050
•
631
.
....
Prior to 1869.
Series of 1869
Series of 1874
Series of 1875
Total.
$63,722
j|’
-J
I I Feb. 25,
Legal-tender notes... < July 11,
Certificates of
....
544,251
12,475
Old demand notes—
"
..
.
17,605
9,876
....
.
1,449
Unclaimed intere-t
#
•
....
Amount.
....
....
86,038
lesues.
Acts.
Character of Issue.
.
St.Mary’s, Ga
Stonington Ct
799,202 13,368 Superior,Mich
Tap’nock, Va
S 1,412
Teche, La.
Vermont, Vt.
Vicksb’g Miss
1,000
Wal’boro, Me
•
Interest.
CT
O
( July 17,
2 336
St.Mark’s, F..
...
Debt Bearing no
9i
St.Augtine.F
St.John s, F..
4,100
599
850
Richmond, Va
Saco, Me...
3. Harbor, NY
20,197 25,286 S. Oregon, Or
116,975
100,312
3,165
50,044
S.Francisco,C
Savannah, Ga
$18,558,150 are on the
....
61,723
4,237
20,442
Diego, Cal
Sanduskv, O.
....
2
76,412
.
$653,154 interest. Of
“called’’ five-twenties.
presented for payment, of $19,334,320 principal and
this amount,
32,331
-
-
1,639,283 3,155,749
San
55,134
....
14,804
^
....
....
....
George’n.DC
The
*
.
5,113
5,408
6,821
Ms
GtEHar, NJ
Huron, Mich
Knbunk, Me
Key West, F
L E Har, NJ
Machias, Me
.
45
F. Riv. Mass
Fernandina.
F. Bay, Me.
Gloif ter,
•
Has Ceased Since Maturity.
over-due debt yet outstanding, which has never
75,095
....
..
.
Erie, Pa
Fairfield, Ct
George’n,S C
#
Providence.RI
4,345 Pt. Sound, WT
559,503
5,299
EastDist,Md
been
2,027
Int. apprdonly to pens’ns $14,000,000 $105,000
Debt on Wiiich Interest
There is a total amount of
94,338
....
....
699
1 302
9,691
River, Miss
Pensacola, F..
3,5.6 P. Amboy, NJ.
Petersburg, Va
Philadelphia..
1,811 Plymouth, Ms
857 Portland, Me..
Po’moutn, Nil
190,953
188,655
2,956
Pamlico, NO..
329 P del Norte, T
P.
846
Castine, Me.
Chmpl’n.NY
.
_
.
....
40,800
15,080
.
3s, Navy pension, Act July 23,’68,
....
.
32,993
16,705
941
177,210
•
....
....
C Vinc’t, NY
•
885,500
Coupons of $50 and $100 bonds are paid annually in March.
On the above issues of bonds, there is a total of $8,447,864 of interest over-due
and not yet called f^r. The total current accrued interest to date is $17,8 lO,349.
....
....
•
4,597,000
945,000
63,060,250
21,032,600
52,179,650
106.597,600
..
....
56,665
58
•
$
60,929,950
98,429,006
15,729.500
219.418,050
113,070,750
9,114,500
....
.
Coupon.
*
24,273
1,137 NburyportjMs
Nw Haven, Ct
984,460
11/736
1,796
N London, Ct
38,574
2,719
N Orleans, La
554,948 22,479
491,593
4.63
Newport, R.I.
New York,NY 27.289,615 22,866, i 52 531,858
18,469
197,390
Niagara, N.Y.
*
8,000
Norfolk, Ya..
260
491,689
81,171 Oregon, Or...
53,798
43,889
O’gatchie, NY
215.563
Oswego, NY..
136,817
.
J.
Outstanding.
The sizes or denominations of each issue of bonds are as follows: (a) Coupon
$1,000, registered $5,090. (b) coupon $1,000, registered $1,000, $5,000, $10,000.
(c) $50, $100 and $500. (d) coupon, $50, $100, $500 and $1,000, registered, same
and also
2,298
*53
1874
1880
181
1881
1881
1904
18*5
1887
1883
1881
1891
19o7
Aggregate of debt bearing interest
•
N
1907'July 14, ’70
do.
4s,
-
5,354
479
Natchez, Miss
....
•
< =3
.Tone 14,
Feb.
8,
March 2,
Bonds
Interest
a)
Periods.
r
Act.
58 of 1858
6s of 1381?'
Expo rts.
§2
£
Auth’rizing
Character of Issue.
@4.87
4.85
in Coin.
0/
Nantucket,Ms
.
t
....
37,939
2,400
.
.
1,356,294 4,148,875
Bangor, Me.
B’stable, AT
.
.
..
...
$3,682,966 $64,260,290 ..$6,530,347 $102,187,396
exports over imports
imports over exports
THE DEBT STATEMENT FOR SEPTEMBER, 1877.
Imports Domestic For’u.
$
$
$
3,302
10,412
Mobile, Ala...
Montana,&c..
3,901
....
*44,578,228 $415,043,905 $43,388,436 !$108,315,120
36,853,089 396,127,724
40,895,262 350,783,615
.
.
•••
©4,86!4
.86
,
$43,217,816 $308,497,731 $41,891,892 :$393,421,778
1,330,412
1,496,544
16,546,174
14,890,342
.
IMPORTS AX’D EXPORTS FOR AUGUST, 1S77.
Statement, by Customs Districts, showing the values of mer¬
chandise imported into, aud exported from, the United States
during the month of August, 1877 :
rts.—,
Specie.
Total Merchandise and
475*
833*
415*
863* ©4. S7
,863* ©4.87
Range...4.813^©4.6354
16
$1,292,454 $37,649,479
s
96>.<;
•
24.' .4.82)*©4.83!*
$272,657 $25,317,568
36
1*9
25. .4.823*^4.833*
26. .4.82 ©4.83
27. 4.82 ©1.83
28. .4.8U*@4.&23*
29. .4.813* ©4.323*
30.
$2,765,730 $45,443,520
1.473,276
7,794,041
92
.
days.
4 ,863*@4.87
4 86 3* @4.8 ?
4 8654©4.87
4 ,863* @4.87
4 86)* ©4.87
4 86)*@4.87
18. .4.823* 464.8-33*
19. .4.82^4.83^
20. .4.823* @4.83 3*
21. .4.S25*©4.83}4
2> .4
8^@4.333*
2-3
.' $1,913,560 $39,593,020
14,275,452
1,610,903
223*
20/,
18
'
$1,523,357 $30,620,483
8,972,537
387,203
.
Total
^
August.
8 Mos.
$2,182,603 $40,615,622
583,122
4,827,898
215*
18)*
315*
3
days.
Sept.17 ,.4.823*@4.83 54
“
2
1876
8 Mos.
August.
Foreign
1877.
60
3 days,
4.86 @4 •86)*
U*
2
393*
....
•
13*
(coin & bullion).
Exports—Domestic
...
82
23
129
18
sterling exchange for SEPTEMBER,
GO
3..4.82?*©4
3634
100
923*
45/,
42)*
129
120
120
.
225*
223*
Gold & Silver
08
157
155
157
2
2
1877.-
V
....
...»
....
155
New York Gas
Union Trust
bankers’
-September.-
,
Open. High. Low. Cl
Low. ClOB.
"
[Vol. XXV,
$64,537,917
7,000,000
$178 303,028
Debt, less amount in the Treasury,
Debt, less amount in the Treasury,
Oct. 1, 1877
Sept. 1, 1877
2,051,5-7,254
2,035,464,179
$3,882,524
«
570,968
THE CHKuNICLE,
6,1877.]
October
Bonds Issued to the Pacific Railroad Companies, Interest
Payable In Lawitil Money.
Character of Issue.
Interest
| Interest
Amount
paid by
repaid by
Outstand’g. United St’s tr’nsp’t’n.
Central Pacific
Balance of
Int. paid
by U. S.
$25,685,120 $14,m3,912 $2,132,167 $12,001,744
Kansas Pacific
6,303,000
Union Pacific
Central Branch, Union Pacific..
Western Pacific
27,236,512
1,600,000
1,170,560
1,628,320
:...
Sioux City and Pacific
Total
3,660,253
15,152,706
1,531*680
4,951,359
2,328,573
10,201,346
973,808
958,81'
60,748
9,367
913,059
878,102
65,329
949,480
8.2,772
$64,623,512 $35,957,629 $8,750,652 $27,206,977
The Pacific Railroad bonds are all issued under the acts of July 1,
1862, and
July 2, 1864; they are registered bonds in the denominations of $1,000, £5,000
ana $10,000; bear 6 per cent interest in currency, payable January 1 and
July 1,
and mature 30 years from their date.
Annexed is a statement
showing the present position of the Banfc^
of England, the Bank rate of discount, the
price of Consols,
the average quotation for
English wheat, the price of
Middling
Upland cotton, of No. 40's Mule twist, fair second
quality,
and the Bankers'
Clearing House return, compared with the
four previous years:
.
..
,
.
deposits
(Suglisl) Nemo
RATES (IP 8VCHINGB AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
SEPTEMBER 21.
ON—
TIMS.
LATEST
BATS.
TIMS.
DATS.
£
25.736,416
8,072,468
coin
and bullion in
both departments....
Proportion of
1674.
1875.
1976.
£
£
£
28,130,056
5,066,9y3
28,144.073
6,591,284
28,281,981
15,229,155
26,436,429
5,720.576
Other deposits
21,384,051
Government securities. 13,270,168
Other securities
21,785,531
Reserve of notes and
Coin
latest fHonetarn and (Commercial
1873.
..
Circulation—including
bank
post-bills
Public
18,386,0 5
22,547,114
13.533,589 13,555,140
17,007,036 17,894,987
16,015,085
4,979,243
22.221,951
14.121,093
19,684,015
12,291,959
14,788,809
22,246,069
11,899,401
23,546,707
23,315,964
27,584,023
35.017,529
24,432,679
3 p. c.
3 p. c.
2p. c.
94 Yt
reserve
liabilities
Bank-rate
Consols,...
English wheat,av. price
923*
64s. 7d.
8*d.
Mid. Uplandcotton....
No.40s, mule twist fair
63’llp. c.
92**
46s. 8d.
7 15-16d.
2
p. c.
Hamburg
20.69
short.
25.15
3 months. 25 80
Paris
Paris
96*
595. Od.
6 13-16d.
6*d.
6*d.
...
leading
St.
44
Cadiz
Lisbon
Milan....
20.69
20.69
44
....
Petersburg
.
..
Genoa
Naples....
Madrid
New York
Rio de Janeiro
..
•
©20.74
©20.74
2-3% <©24
44
47*(©47*
90 days.
51*©51%
3 months. 27.97* (©28.02J*
27.9? *(©2S.02i4
27.973*
(©28.02*4
44
•
3
•
short.
4a
4a
Sept. 17.
3 mos.
....
....
•
....
•
•
•
•
•
•
•
.
Sept. 17.
.
Sept. 21.
....
Aug. 5.
Aug. 1.
....
•
..
.
.
....
denmud.
U. 93id.
44
Calcutta
Hong Kong...
Shanghai
U.
j
•
•
•
Rangoon
44
[From
oar own
4
»
44
ent. 19.
Sept. 19.
....
3
4.633*
213*
mos.
per
£100
1*. 9
1*. 9%d.
3,\ 11 d.
U. 5d.
la’. 93id.
y 5*
correspondent.!
London. Saturday, Sept. 22, 1877.
The demand for
gold for export has almost entirely abated, and
the money market has
presented a very quiet appearance. A few
sovereigns have been taken out of the Bank for transmission to
Alexandria, in connection with the Egyptian cotton crop, but
Germany has not been a buyer of gold, and, consequently, the
Bank return published this week exhibits a
slight improvement,
compared with its predecessor.
The proportion of reserve to
liabilities now amounts to 43 36 per cent, against 42,65 per cent
last week.
The circulation of notes and of bank
post-bills has
by £205,052, and there is a decrease of only
£52,672 in the supply of bullion; consequently, the total reserve
exhibits a moderate increase of £120,823.
The applications for
money at the Bank have been less numerous, there being a fall¬
ing off of £229,2G5 in the total of “other securities.” The change,
however, compared with last week, is slight, and it is still
expected that a revival of the German demand lor gold would
compel the directors of the Bank to advance their minimum rate
been diminished
of discount.
It is stated that
invite tenders
the
next
Indian
government has decided not to
Wednesday for Council drafts, and
as
it is
said
of
that, in consequence of the famine, the funds at the disposal
the government on the other side are
trifling, it is anticipated
that there will be no sale for some weeks to
market lias, in consequence, assumed a firmer
come.
The silver
aspect, and fine bars
quoted at 54£d. per ounce. The upward tendency on
this market is, however, calculated to lead to increased sales
on
the part of the German
government, but such operations point to
renewed purchases of gold, which
Germany will obviously require
in exchange for her demonetized silver.
Money has been in fair, but far from active, demand through¬
are
out
now
the week.
The variations in the rates of discount have been
trifling, but the tendency, especially during the earlier days of
the week, has been towards
prevailed, and the
Latterly,
ease.
rates of discount
are as
steadier tone has
under:
Per cent. ] Open-market rates:
D
■*nk rate
Open-market rates:
30 and eodays’ bills
3 months’bills
3
|
I
2%©2%
j
!
4 months’bank bills
6 months’bank bills
©3*
joint-stock banks and
banks
Discount houses at call
Discount houses with 7 days’ notice
DUcount houses with 14 days’ notice... •
Percent.
4 and 6 months’ trade bills. 33*©4
2*©2j*
The rates of interest allowed
by the
discount houses for deposits are as under:
Joint-stock
a
2
2
2
*
2
Bank
rate.
(©
(©..!.
(© 2%
(© 2*
6
....
Turin, Florence
4/4
and
Rome
4*®1*
4
@43*
4*<©1*
6
$ cent. per cent,
8t. Petersburg
Brussels
2*(©2*
Open
market
23*
23*
5
4
4 Vi
3
3
Leipzig
Genoa
4*
1 Geneva
8
5
..
Calcutta
..
..
8
5
5
'Copenhagen.
India was held at the Bank of Eng¬
land on Wednesday ; the amount offered was
£200,000, £190,125
being to Calcuttal £5,000 to Bombay, and £4,875 to Madras. Ten¬
ders on all Presidencies at Is. 8 13*16d. received about 95
percent,,
The
.
mos.
k
.
41*<©4l*
.
.
5
celona
Lisbon and Oporto...
47.90
days. 4.85-4.87
44
Sept. 19.
•v
Alexandria...
6
Sept. 16.
Sept. 15.
....
•
(4
5
5
ViennaandTrieste..*. 4*
Madrid, Cadiz and Bar¬
.
days.
90 days.
SO
Hamburg
27.46
3 mos.
.
Sept. ^0.
Wd.
.
3
Berlin
Frankfort
24*
60
....
Aug. 25.
• ••»
Paris
Amsterdam
117.76
20.47
20.46
....
Open
market.
$ cent, percent.
2
1*
rate,
20.47
25.18
short.
44
46*(©4b%
mos.
Sept. 21.
44
Valparaiso
Bombay
•
Bank
25 21
3 rues.
short.
44
44
....
Pernambuco
Trinidad
©20.74
©25.25
12.11
*4
95*
46s. lid.
Quality
Is. 23*d.
13. 0*d.
lid.
103*d.
10*d.
Clearing House return. 84,602,000 102,122,000 86,835,000 92,429,000 99,583,000
The following are the current rates of discount at the
BATS.
short
44
44
©25.3714
12.023*©12.07}4
44
Vienna
Berlin
Frankfort
Sept. 21.
43'36 p. c.
3 p. c.
48s. 7d.
cities abroad:
Amsterdam... 3 months. 12.4*©12.4*
Antwerp
25.37* (©25.423*
l(
27.874,874
13,238,507
to
*d
1877.
£
6
weekly sale of bills
..
...
on
and above in full.
On the Stock
Exchange business has been remarkably quiet.
early part of the week, it was rumored that the recent
Russian defeats might possibly lead to an armistice, and
hopes
In the
were
therefore
entertained
that
the terrible conflict
now
in
progress would be brought to a termination. It was# however*
but too clear that such a hope was too
premature, and evidence is
not
wanting of the fact that the Russian army is preparing to
on the Danube, with a view to a renewal of the
campaign
in the spring.
It is regarded as possible that a battle of consider¬
able dimensions will soon be fought between the Czarewitch and
Mehemet Ali, but it is not expected to be decisive in its results.
We are therefore promised another year of war, the result of
which will be that trade will be seriously crippled, as it is not so
much, the war itself which is impeding our commerce as it is the
difficulties which are likely to arise when the final settlement
has to be discussed. Everyone is aware that great
jealousies
exist, and it is evident that they will show themselves in all
their violence when the fall of Turkey shall take place, if that
event is to happen in tL.is generation.
That Russia will gain in
the end, if she perseveres and makes the sacrifices in men and
money, can scarcely be doubted ; but another campaign of dis¬
aster like the present would very probably compel the Czar to
enter into a compromise with her foe.
It is said, of course, that
Russia will, during the winter months of inaction, repair some
of the errors of the present campaign and enter into the fresh
campaign better prepared. But Turkey will be afforded similar
facilities, and the success of the past affords some guarantee that
she will resist to the last. Turkey will enter on the new cam¬
paign re-invigorated; her generals will have had ample time to
select strong natural posts for defense, similar to Plevna, and
possibly 1878 may prove to be a year of greater bloodshed than
the present year. Unless the prospect should be brighter than it
is at the present moment, the position of our commerce can be
scarcely expected to improve.
The elections which will soon be held in France are causing
some uneasiness in Europe, and
it has been increased by the
manifesto of the President of the Republic which was issued on
Wednesday. It is, nevertheless, possible that the Republican
party, which seems to ba in the asceudant, will gain the victory;
but apprehensions exist that an unfair use will be made of the
army to support the power of the present Ministry.
Such an
abuse of power is calculated, it is feared, to lead to trouble of
some kind, if not to revolution.
French stocks have not, how¬
ever, experienced any serious depreciation in value.
The public sales of Colonial wool are still in progress. It is
stated that foreign competition has been fairly active throughout >
but not to the extent that might have been expected. A small
part of the quantities sold has been taken for export, in which i&
winter
TOR CHRONICLE!
326
the
London Produce and Oil Markets.—
8,000 bales for the United States. Since last week
sales have been firm and animated, prices ruling now about
nclnded
some
Whale oil
“ .35
Linseed oil....# ton .31
0
0
0
0
23
0
0 35 0
0 31
0
29
78
35
31
0
0
0
0
0
0 73
0
0
Thur.
•
£ B. d.
9 15 0
56 0
73
35
31
0
23
0
0
0
Fri.
£ B. d.
9 15 0
56 0
0
0
0
0
23
78
0
0
35
30 10
£ s. d.
9 15 0
56 0
0
0
0
0
28
78 0
35 0
30 10
0
0
0
0
Commercial anfc Miscellaneous News.
Exports for the Week.—The imports last
Imports and
still rules at rather low rates.
The wheat trade lias been firm during
r
#
Lins’dc’ke( obi), tn. 9 15 0
Linseed (Cal.) $ quar.
56 0
Sugar (No. 12 D’ch std)
on spot, # cwt
28 0
Sperm oil
§ tun. .73 0 0
par
Wed
Tues
Mon.
£. 8. d. £ s. d.
9 15 0
9 15 0
56 0
56 0
Sat.
£ 8. d.
with those of the opening days. New South Wales and
Queensland faulty clothing fleeces are not much in demand, and
any poor, low, faulty scoureds are difficult of sale.
Some prime
New Zealands, washed and in grease, have realized very good
prices; the average of these, however, is just about on a par
with June values. The improvement quoted last week in Cape
and Natal wools from the very depressed market of the previous
fortnight is still maintained ; washed fleece thence, however*
on a
[VOL. XXV.
decrease in both dry goods and general
the week, but no activity merchandise.
The total imports were $5,198,485, against
has been apparent.
Choice qualities of produce have attracted $6,400,133 the preceding week and $6,337,687 two weeks pre¬
attention, and their value tends in favor of sellers; but inferior vious. The
exports for the week ended Oct. 2 amounted to
descriptions are unaltered in value.
$6,775,024, against $7,427,911 last week and $6,551,599 the pre¬
The following figures show the imports and exports of cereal
vious week. The exports of cotton for the week ending Oct. 3
produce into and from the United Kingdom during the first three were 10,212 bales, against 2,968 bales the week before. The fol¬
weeks of the new season, compared with the corresponding periods
lowing are the imports at New York for week ending (for dry
in the three previous years :
goods) Sept. 27 and for the week ending (for general mer¬
chandise) Sept. 28:
IMPOSTS.
4,946,453
358,153
913,054
44,265
176,881
1.437,883
2,336,340
375,875
Barley
810,571
Oats
Peas
Beans
Indian Corn
Flour
63.061
38,162
214,399
1,452,152
285,536
...
1874.
1875.
1876.
1877.
Wheat
337,S79
3.105,523
228,594
393,734
2,953,540
892,400
659,256
56,703
111,876
1,442,925
212,265
1.007
Barley
2.315
258
391
6,:03
Gats
Peas
Beans
Indian Corn
630
815
Flour
22,931
708
2,2 01
1876.
Dry goods
General merchandise...
$2,237,213
$2,033,861
$1,406,521
$1,432,003
4,092,710
3,766,477
Total for the week.
$6,632,465
Previously reported..;. 302,940,607
$4,933,203
257,912,630
$5,499,261
215,371,023
'241,202,057
$309,573,012
$252,895,833
$220,870,289
$249,400,512
•
•
2,919,342
4,425,252
f5,19S.485
goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending
874
2.194
1877.
1875.
In
389
•
1C,532
4,526
1,558
48,1204,S96
14,651
2,719
13,070
2,210
3,105
FOR THE WEEK.
1814.
Since Jan. 1...
56.456
.
a
FOREIGN IMPORTS AT NEW YORK
EXPORTS.
Wheat
showed
week
our
report of the dry
Oct. 2:
6,547
FOR THE WEEK.
EXPORTS FROM NEW YORK
[of home-grown wheat are increasing, but they
are still considerably below those of last year.
Last week, ia the
150 principal markets of England and Wales, they amounted to
The arrivals
$6,775,624
$5,550,475
$3,273,759
$4,100,294
212,713,745
181,909,202
192,029,194
202,785,532-
*217,992,504
$136,009,496
$197,579,669
$209,561,156
For the week
Previously reported....
Since Jan. 1
1877.
187o.
1875.
1874.
61,053 quarters; and it is estimated that
The following will show the exports of specie from the port of
*n the whole Kingdom they were 196,400 quarters, against 244,New York for the week ending Sept..29, 1877, and also a com¬
250 quarters in 1376.
During the first three weeks of the season parison of the total since Jan. 1 with the corresponding totals
the deliveries in the 150 principal markets were only 105,576 for several previous years:
Havre
Span, doubloons.. $32,000
quarters, against 152,777 quarters; and it is estimated that in the 8ept. 25—Str. Canada
London
Sept. 27—Str. Frisia
Amer. silver bars.
50,000
whole Kingdom they have been 421,500 quarters, against 611,100 Sept. 29—Str. Neckar
Southampton.. ..Amer. silver bars.
50,000
Paris
Span, gold coin...
32,000
quarters last year. Without reckoning the supplies furnished Sept. 29—Str. Britannic
10,000
Liverpool........ Amer.
silver coin.
Mex. silver coin..
10,453
ex-granary, it is estimated that the following quantities of wheat
Sept. 29—Str. Crescent City.
Panama.
S.
gold
coin...
3,000
U.
and flour have been placed upon the British markets since
49,084 quarters, against
$187,453
Total for the week
harvest:
1816.
1877.
cwt.
cwt.
Imports of wheat
Imports of flour
Sales of home-grown
produce
cwt. '
cwt.
.$23,562,319
2,336,340
4,916.453
285,536
228,594
2,648,200
393,734
272.265
1,860,000
2,041,500
3,596,500
4,873,129
103,371
5,213,134
61,352
7,381,687 ’
6,827,305
29,478
4,764,753
5,151,182
«0i. 6d.
46s. 6d.
Total
for season
23,374,866
Previously reported
1874.
2,727,593
Exports of wheat and flour
Result
Aver, price of Eng. wheat
1875.
2,958,510
14,623
7,367.059
6,797,827
48s. 101.
47s. lOd.
Basllsh Market Reports—Per Cable.
The daily closing quotations in the markets of London
Same time in—
1876
1875
1874
1873
1872
1871
$40,-392,129
1
Same time In—
1870
63.444,417 jI 1869
43,356.687 ] 1 1868.
42,877,859 1 1867
60,016.209
-
56,202.229
The imports of specie at
been as follows :
Sept. 24—Str. City of Mexico
| 1866
this port daring the same
periods have
U. S. silver
$73,135
64,500
Yera Cruz
Foreign silver....
U. S. gold
..Foreign gold
Am. gold
and Liver¬
.Havana...
pool for the past week have been reported by cable, as shown in
Sept. 27—Str. Columbus
the following summary:
Sept. 27—Str. Acapulco..
Market.—The directors of the Bank
of England, at their meeting on Thursday, fixed the minimum
rate of discount at 4 per cent.
The bullion in the Bank has
.
Aspinwall.
...Silver bars
decreased £808,000 during the week.
95 13--16 95 15-16
95 13-16 95 15-16
Consols for money.. 95 11-16
“
account.. 95 11 16
.
r
5s of 1881
107%
107%
107%
107%
107%
New 4%s
103%
105%
D.8.6s(5-20s) 1867.... 107%
U. 8. 10-40s
'
Tbur.
95 7-16
95 7-lb
Wed.
95 11-16
Toes.
Mon.
Sat.
"
95 11-16
107%
107%
104%
105
Total since Jan.
1876
1875
1874
1873
1872
Liverpool Cotton Market.—See special report of cotton.
Liverpool Breadstufls Market.—
Mon.
sat.
d.
s.
d
26 6
10 3
26
11
7
12
5
11
12
(C. White club)... “ 12 9
Com(n.W. mix.) 79 quarter 27 6
12
27
6
3
7
5
9
6
0
41
0
e.
Flour (extra Siate)
#bbl
Wheat (R. W. spring).’jp ctl
“
-Red winter)...
“
“
(Av. Cal. white).. “
.
10
“
Peas (Canadian) & anarter 41
Liverpool Provisions Market.—
Sat.
d.
8.
Beef (prime mess)
Pork (W’t. mess)
tc.
$bbl
Bacon (l’g cl. m.lnew# cwt
Lard (American)....
“
CheeseCAm. fine).... “
.
92
92
0
47
6
0
0
0
6
61
6
6
0
49
Mon.
d.
s.
49
40
47
61
Tnes.
s.
d.
26 6
10 0
11
3
12 4
12 8
23 0
41 9
Tnes.
s. d.
92 6
49
0
0
6
6
40
46
61
Rosin (common)...
cwt..
5
y
“
(fine)
“
10 0
Petroleum(reflned)....tf ea!
12%
**
(spirits)
44
Tallow(prim‘e City).. V cwt. 41
Cloverseed (Am. red)..
Spirits turpentine
**
“
7%
0
Mon.
8. d.
5
3
10 0
12%
1%
41
•
25
6
s.
26
10
11
12
12
28
41
d.
6
0
3
4
8
0
0
Wed.
s.
d.
92
49
Thur.
s.
d.
"26 6
-
10
11
12
12
Fri.
s.
d.
26
10
11
12
12
6
0
-2S
40
0
6
0
3
4
8
0
0
28
41
Thur.
s. d.
3
4
8
49
6
0
40
0
Fri.
d.
s.
82 6
49 0
40 0
46
6
46
6
61
0
61
0
92
40
46
6
0
0
6
61
0
25
0
•
•
•
6
Tnes.
s. d.
5
3
10 0
13
Wed.
s. d.
5
10
,
25
0
,
,
41
0
3
10 0
13
25
6
Fri.
d.
3
10 0
13
s.
5
7%
41
•
.
6
5
7%
7%
41
3
0
13
Thur.
s.
d.
25
0
•
7%
41
0
25
6
•
6
$11,695,636
1, 1377.
Same time in—
$4,958,667
9 514 809
4,867,565
.
.
.
...
6,424,429
4,974,009
1871
1870
1869
1868
1867
14.565,429
The transactions for the week at the Custom
Treasury have been as follows:
Gold.
$619,900 03
$302,000
1...,
2
463,000
338,000
494,939 07
319,849 01
3...,
4...,
229,000
414,000
349,000
Total
alance,
Gold.
$703,195 91 $1,194,699
Currency.
29...,
...
Payments.
Receipts
Receipts.
Oct.
House and Sub-
-Sub-Trr,isury.-
Custom
House
Scpt.
2,200
il,510,431
.
.
9 i 0,261
31
U,176 70
256,246 61
Currency.
$539,163 49
772 042 61
1,159.096 37
426,£35 43
220,041 S3
352,684 .6
8i4,32C 17
2,448,323 49
330.211 20
3S0.531 01
504,093 41
450 792 79
703,68-1 53
390,932 57
277,112 75
1,223,275 72
20 $4,517,831 95
$3,366,926 06
$2,100 000 $3,784 004 54 $3 541,436
103,430,420 59 43,681.-317
Sept. 28
'
29
102,636,593 18 43,361,847 53
5
Securities.—Messrs. Forster, Ludlow & Co., 7 Wall&st.,
quote:
S. 6s, g. 83
G. II.
Austin 10s.... 100
102
:ate7s,gld §110
112
II.&T.C.7s,g.lst 83
90
7s,g:30 yrs §111
113 | Dallas 10s
alanee. Oct.
Texas
10s,pens.. §103#
6s of 1892
Liverpool Produce Market.—
Sat.
s. d.
Wed.
1,935
IJS5.255
Total for the week
Previously reported
Same time in—
107%
107%
107%
104%
107%
107%
107%
107%
107%
107%
197%
105%
Frl.
95 5-16
95 9-16
775
U. S. silver
U. S. gold
Gold dust
London Money and Stock
-
1,065
34,000
6,000
1,645
104%
100
§ With interest.
—In consequence
Houston 6’s.. 18
I
S. Ant’io 108.. 95
25
....
60
65
G.H.&H.7s,g.lst 75
80
do 8s con. 2d
of the death of Mr. Augustus
J. Brown, of the
firm is
ell-known banking firm of Aug. J. Brown & Son, the
ssolved. The business will be continued from Oct. 1 by
on
H. Brown and Fred. A. Brown, under the firm name
ralston H. Brown & Bro., in the same general line of dealing
-Ht.p.lnan railroad securities,
87
85
and general banning.
Walof
in
October
THE
6,1877.]
®l)£ Bankers’
No National Banks
CHRONICLE
327
From the
have the
Comptroller of the Currency, Hon. John Jay Knox,
following statement of the currency movements and
Treasury balances for three months past:
©alette.
we
organized during the past week.
U.S. Bonds held as securityfrom Nat'l B'ks.
July.
Bonds for circulation deposited
$10,731,400
Bonds for circulation withdrawn
11,683,400
Total held for circulation
337,761.600
Bonds held as security for depo its
August. September.
$2,504,700
5,759,900
2,186,900
337,684.650 338,002,450
18,655,000
15,208,000
—
DIVIDENDS*
The following dividends have recently been announced
Per
Name
op
Company.
Cent.
:
When
Books Closed.
P’ablk. (Days inclusive.)
1%
3#
Oct.
10
5
Oct.
10 Oct.
2
3#
Ranks.
Gallatin National
Insurance.
North River
The Money
1
2
2#
Oct.
Oct.
Oct.
Oct.
Sept. 25 to Oct. 4
Sept. 25 to Oct. 4
1
6
Sept. 29 to Oct. 8
4 to Oct. 9
FRIDAY, OCTOBER 5, 1877-5 P. M.
Market and Financial Situation.—The event
of the week excitiug more comment than any other was the
discovery of the Gilman frauds. It seemed as if a new departure
must be taken by banks in their measures of
self-protection
when it
was
found out that William C.
high was his standing in
Gilman had committed
68.5-20,
18,867,000
Legal Tender Notes.—
Deposited in Treasury under act of June 20,
Railroads.
Payton & Michigan.
do
pref., guar.
Sioux City & Pacific prer
Vermont & Massachusetts.....
$5,6S2,950
1874
Total now on deposit, including
liquidating
banks
Retired under act of January 14, 1875
Total retired under that act to date
Total amount of greenbacks
1,484,220
1,189,940
576,000
14,425,026
670,1 ’2
22,905,780
14,244,826
1,118,056
24,023,836
357,976,164
14,436,552
1.061,232
25,085,068
356,914,932
outstanding.. 359,094,220
National Bank Circulation.—
New circulation issued
837,640
Circulation retired
1,123,854
Total circulation outstanding—Currency...
315,236,838
Gold
1,429,120
Notes received for redemption from—
New York
Boston
5,670,000
4,947,000
8,236,000
6,714,000
690,(00
Philadelphia
Cincinnati
1,397,570
1,326,540
1,444,141
595,599
315,260,928 315,891,949
1,425,770
1,432,120
’
808,000
90,000
48,000
Chicago
3,855,000
7,067,000
695,000
104,000
268,OCO
3,452,000
161,000
315,000
the business and social Miscellaneous
4,622,000
4,544,000
world, and so confidently had his numerous friends thought that
Total
fraud or dishonor were entirely foreign to the nature of this
$17,905,000 $19,000,000 $15,441,000
Treasury Movements.—
particular man. Certainly no event since the Ketchum forgeries
lias excited so much astonishment among the habitues of Wall Balance iu Treasury—Coin
97,803,995 106,904,936
119,152,043
Currency
[9,811,956
11,828,537
street.
The frauds, as now well known, were committed
14,206,417
by
Currency held for re¬
raising the amounts on small certificates of Atlantic, Mutual
demption of frac¬
tional
Insurance scrip and a few shares of bank stock. The
8,160,858
8,265,412
losers, who Coin certificates outstanding. currency...
8,835,468
had loaned money on the raised certificates, were
37,807,300
38,525,400
fortunately
United
States Bonds.—There ia but
a moderate business
parties who are financially able to bear the losses without being
crippled, and the latest reports give the total amount of the doing in government bonds, for the reasons we have recently
forged paper and the net losses above the true value of the referred to in our reports, although the past day or two sales at
the Board have been
certificates as follows :
larger. Currency 6s and ten-forties are a
trifle better than a week
TOTAL AMOUNT OF FRAUDULENT CERTIFICATES.
ago, while some of the other bonds are
a little off from the
Commercial Mutual Insurance Company
figures
then quoted. To-day $10,000,000 of
'
$76,000
forgery—so
American Exchange
D. Drake Smith
H. Talmadge & Co
Bank
85,320
25,650
20,00
30,000
-
Outstanding certificates..
'.
Bank shares altered
11,000
Total
$247,370
NET LOSSES
American Exchange Bank
Commercial Mutual Insurance
Talmadge & Co
KNOWN.
$67,400
Company
59,800
14,000
21,000
28,000
D. Drake Smith
A personal friend.
Total
-
...$190,200
It is not desirable in connection with these
astounding frauds,
and with the great
crop of forgeries, counterfeits and robberies
in one form and another which Lave been foisted
upon the con¬
fiding public during the present year, to conclude that all men
are dishonest.
Success in business transactions must
depend to
a
great extent
on mutual confidence, and the outcry that all men
knaves is neither true nor desirable; hut, while still
having
faith in the good of human nature, it is well to
are
suggest to bank
officers that they use also what may be called mechanical means
of grace to prevent crime, and while
trusting in their customers
they also insist upon the use of stamping or figure-cutting
machines, safety paper, etc. Oliver Cromwell’s admonition was
a good one—“Trust in Providence
and keep your powder dry.”
Money on call has not been essentially closer this week, and
the business has
ranged between 4@7 per cent, with the bulk of
transactions at 5@6 per cent. Prime paper is in fair demand at
6(38 per cent. The Bank of England on
Thursday made
an
advance of 1
per
now stands at 4 per
cent in the minimum discount
rate, which
cent; the bank lost in the week £808,000 in specie. The Bank
of France lost
19,500,000 francs in specie.
The last statement of the New York
City Clearing-House
banks, issued September 29, showed a decrease of $1,013,075 in
the excess above their 25
per cent legal reserve, the whole of such
excess
being $8,435,000, against $10,048,075 the previous week.
The following table shows the
changes from the previous
week and a comparison with the two
preceding years :
-187?.-
_
1876.
1875.
Sept. 22.
Sept. 29.
Differences.
Oct. 2.
Sept. 30.
dis. $243,976,400 $241,847,800 Dec.$2,123,600 $262,428,500
$278,841,300
.
Loans and
Specie
Circulation...
19,274.700
15,596 190
deposits..
206,724,100
Net
1 6,652,300 Dec. 2,622,400
15,724,400 Inc..
123,300
200.771,200 I)cc. 5,952,900
16,463.200
14,647.200
6,448,900
17.925,800
234,401,610
66,490,600
227,582,500
50,755,200
The quarterly statements of the State banks of the
city of
l’ork on the 22d
cay of September, 1877, were as follows:
Legal tenders.
42,454,400
41,975,500 Dec.
478.900
New
.'
,,
Capital
June 23, ’77. Sept. 22. ’77.
$14,785,200 $13,685,300
Net profits
circulation
Due
D ie
4,999,500
3 ',100
...
banks....
depositors
.
Unpaid dividends
Total
or
Dec.
Dec.$1,100,000
Dec.
303,800
31,160,000
128,700
Dec.
4,700
Dec.
778,300
Dec. 3,667,800
Iiic
42,300
$59,113,200 $53,295,900
Dec. $5,817,300
4,384,2 0
84,*27,800
86,400
•.
4,690.700
25,400
Inc.
3,605,900
.
RESOURCES.
T
Loans and discounts
Dtner stocks and bonds and
mortgages
Due from banks
keal estate
UBh items and bank
notes
?Peci,e
Legal tenders
Overdrafts....
Total
$33,163,200 $35,829,600 Dec. $2,1333,600
4,717,400
4,644,900 Dec.
72.500
3,005,300
2,792,800 Dec.
212,500
1,614,100
1,598,100 Dec.
16,000
11.100 Dec.
56,600
45.500
1,714.100
2,022,800 Inc
308,700
9,824,900
6,387,100 Dec. 3,437,800
12,600
9,500 Dec.
3,100
.
$59,113,200 $53,295,900. Dec.
five-twenties called in against the 4 per cents fell due, and other
as follows:
October 5, $10,000,000; October 16,
$10,000,000 ; October 19, $10,000,000 ; October 27, $10,000,000;
calls mature
total
October, $40,000,000. November 3, $10,00$,000.
Closing prices here have been as follows :
6s, 1881
Called bonds
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
29.
1.
2.
3.
4.
5.
reg. .Jan. & July. 109*4
coup.. Jan. & July. 110*4
6s, 5-20s, 1865, n. i...reg.. Jan. & July. 105#
6s, 5-20s. 1865,n.i..coup..Jan. & July. 105#
fis,5-20s,1867
reg..Jan. & July.*107
1867
coup..Jan. & July. 107#
1868.
reg..Jan. & July.*109#
6s, 5-208,1868
coup..Jan. & July.*109#
5s,10-40s
reg..Mar. & Sept. 106#
58, 10-40a
coup..Mar. & Sept.*107*4
58, funded, 1881
reg.. Quar.—Feb. 1C7#
5s. funded, 1881... coup..Quar.—Feb. 107#
4#s, 1891
reg.. Quar.—Mar. 105#
4#s, 1891
coup..Quar.—Mar. 105#
4s, registered, 1907
Quar.-—Jan. 101#
4b, small coupon
Quar.—Jan. xlOl#
68, Currency
reg..Jan. & July. 120#
*
This is the price bid; no sale
was
made
109# *109
110# *110
*109#
109
108#
110# *109# *109#
105# *105# *105# 105#
105# *105# *105# 105#
107
*107
107# 107#
107# 107# *107# 107#
*109
*109
*109
*109
*109# *101# 109# 109#
107
106# *106# 106#
*107# 107# 107# 107#
*106# 107 *107 *106#
*105#
105#
107
107
*
107
*105
107
105
105
*105
*106#
*107#
*106#
107
106#
104# 104#
104# 104#
101# 101#
*107
105
105
101# 101# 101#
101# *101# *:oi#
120# 120*4 *120#
101#
120# *120
....
the Board.
at
109
*109#
The range in prices since Jan. 1, 1877, and the amount of each
class of bonds outstanding Oct. 1, 1877, were as follows:
Range since Jan. 1, 1877Lowest.
reg. 108# Oct.
coup. 110# Oct.
68, 1881
6s, 1881
6s, 5-20s, 1865, new..coup.
6s, 5-20s, 1867
coup.
6s, 5-20s, 1868.
coup.
5b, 19-408
reg.
5s, 10-408
coup.
5s, funded, 1881.... coup.
4#s, 1891.’.
reg.
4#b. 1891
1907
6s, Currency
State
-Amount Oct. 1.—
I
Highest.
5 114# Jan.
Registered.
$193,996,500 fc
1 115#
‘
May
105# Sept. 11 111# May
Sept. 11 114*4 May
109# Sept. 25 117Vt Jan.
106# Oct.
114# Jan.
107# Oct.
114# Feb.
106# Oct.
112# Jan
104# Oct.
109# July
109‘- May
coup. 104# Oct.
and.
Railroad
1C6
98,429,000
15,729,500
52,179,666
219,418.650
113.0r0.750
289,021,700
9,114*,500’
86,929,250
883,500
64,623,512!
July
Ronds.—In
21,736,300
142,386,659
July
4 126
Coupon,
88.739,850
106,597,600
212,169,900
60,929,950
107
Oct.
..reg. 101
reg. 120# Oct.
as,
State bonds
Louisiana
consols are quoted at 81
about 81£ to 81f, with a
to-day in New Orleans and selling here
good tone ; Alabama consols, class A,
40£; South Carolina consols remain demoralized by the action
of the Investigating Committee, and are quoted GO’to 65, with
nothing doing. Virginia consols have fluctuated considerably,
and after selling down to 57| in the week, recovered
to-day to
G0$@G0£.
Railroad bonds continue quite firm on a fair business, and, in
most cases of any change at all in prices, there has been an ad¬
vance.
The general railroad situation tends to strengthen
bonds
well as stocks.
Messrs. A. H. Muller & Son sold the
following at auction
SHARES.
20 Christopher & Tenth St. RR. 30
25 Rutland Marble Co.
61
15 German-American Bank
60
10 Eastern Transportation Co... 35
6 N. Y. Equitable Ins
198
20 Eagle Fire Ins
—215*4
10 Kmpire City Fire Ins.
1-3#
60 Firemen’s Ins. Co
112
20 Knickerbocker Fire Ins
1C1
30 North River Ins. ex-div
117#
28 Niagara Fire Ins.
113
10 N. Y. & Boat. Fire Ins
40
127 U. S. Fire Ins
150#
20 Etna Fire Ins
87
19 Metropolitan Gaslight Com¬
:
SHARES.
7 Pacific Fire Ins
49 Amity Fire Ins
20 Lamar Fire Ins
10 Park Fire Ins
240*4
71
102
128#
BONDS.
$1,0C0 Twenty-third St. RR. 1st
inert.
7s, due 1893
102
3,000 City and County of San
Fraucisco
7s, gold, due
1894
Ill#
1,000 Central RR. Extension Co.
of Long Island 1st mort. 7s,
due 1903..
2,000 Second Av. RR. 7s, consQl.
m >rtg.
conv.
bonds, due
15
1888
pany
.!29#@130
100.
considerable sale of first mortgage bonds Union & Titusville Railroad
(now Pittsburgh Titusville & Buffalo) was made at 50#@50‘/4.
A
$.
Int. period.
6s, 1881
as
LIABILITIES.
.
*
Closing prices of leading State and Railroad
reeks past, and the range since Jan. 1,1877, have
Tennessee 6s, old
do
6s, new
North Carolina 6a,
28.
*42
43*
*42*
old
Virginia 6s, consol
Oct.
5.
Sept.
Sept.
21.
States.
*42*
42*
*42
*17*
*16*
♦75
*41
♦75
•
•
*17
*13
*41
•
Bonds for three
been as follows.
Since Jan. 1, 1877
Lowest.
I
Highest.
42* Feb. 28' 45 * Jan. 11
Feb. 28 44* June 7
42
18
July 10 22J4 Jan. 6
82% April 2| 82* Apr. 2
38
J an. 16; 45
Apr. 11
—
do 2d series...
do
1
106* 106*
Missouri 6s, long bonds
73%
District of Columbia, 3-65s 1924 ♦73* *73*
Railroads.
50
*67
*66
69
Central of N. J. 1st consol.
Central Pacific 1st. 6s, gold ... 105* 105% ♦105* !
*110
1
Chic. Burl. <fc Quincy consol. 7s *109*
92
92*
91*
Chic. & Northwest’n, op., gold
92*!
69*
Chic. M. & St. P. cons, a. fd, 7s ! *89*
106* *106* *l06*j1
Chic. R. I. & Pac. 1st, 7s
i
Erie 1st, 7s, extended
93
*97
97
*96*
lake Sh. & Mich. So.2d cons.cp
105
105
Michigan
consol.
23
2
....
...
Central,
7s...
.....
*116
Morris & Essex, 1st mort
N. Y. Cen. & Hud. 1st, coup... *117*
Ohio & Miss., cons. sink, fund *94
Pittsb. Ft. Wayne & Chic. 1st *117*
*95*
8t. Louis & Iron Mt.. 1st mort
104*
Union Pacific 1st, 6s, gold
This
94*
sinking fund....
do
is
the price bid;
no
..
*93*
117*
*92*
....
*96*
104*
*94*
*95*
104
*94*
109J4 June 5
June 21
80
Jan.
5
Mch. 5' 85
4 110* June 11
Oct.
Mch. 16 11114 June 14
April lli 96* Jan. 2
4
Jan. 26' 92* Oct.
June 29
Feb. 28 112
June 29
Jan. 15 115
July 171102 May 10
May 2; 105 Aug. 28
..
•
CHRONICLE
THE
328
Feb.
Mch.
8114 June
117
Jan.
92* Mch.
Jan.
103
92* Mch.
June
19(118
5121
7
May 24
Sept. 20
94
122
June 23
103* July 12
108* June 18
98* Feb.
6
sale was made at the Board.
Railroad and miscellaneous
stock market
Stocks.—The
the whole, decidedly strong, ending with a sharp
upward movement in prices of 1@2 per cent just at tlie close to¬
day, New York Central touching 107$, Michigan Central 62$,
Lake Shore 69$, Northwest preferred 66$
St. Paul preferred
71f, Rock Island 104$ ex-dividend, Delaware Lackawanna &
Western 51$, Delaware & Hudson Canal 42$.
The great topic
discussed among brokers as the basis for higher stocks is the
large increase in earnings arising from the heavy freight move¬
ment now fully commenced. During August the improvement was,
of course, prospective, but since the traffic returns for September
have come in, the large increase over the same month in 1876 is
used as argument to advance prices still further.
Among the
most conspicuous roads are St. Paul, with an increase of $534,000
in September (about $175,000 increase in the last week alone),
Chicago and Northwestern with an increase of $358,000 in Sep¬
tember, and a street report that New York Central earned
$400,000 more in September 1877 than in 1876. The coal-road
stocks have advanced contrary to the expectations of many, as it
was supposed that the resumption of work by miners
would
reduce the price of coal and injure the receipts of the companies.
A meeting of trunk line managers was held iate to-day, at
which it was supposed that an advance in freight rates would be
has been, upon
made.
The
daily highest and lowest Drices have been as follows;
At. & Pac. Tel.
Central of N.J
Chic. Burl.&Q
C. Mil. & St. P.
do
pref.
Chic. & North.
do
pref.
C. K. I. & Pac.
Del.& H. Canal
Del. L. & West
Erie
Han. & St. Jos
do
pref.
Harlem
Ill. Central...
Lake Shore
1
26* 20*
6*
16*
15* lo
h'l* 101* 101* 101*
38
36 * 37*
39*
71*
72* 72* x70
89
39*
38* 39
64
64* 64V
V 65*
102* 102* xio:
101*
39* 41*
39* 42
45
47*
45,* 41
1-* 1'*
F* 11*
•
101* 101*
3554 36*
71* ?2*
36 * 38*
63* 64*
102
102*
40* 41*
45
46*
11
11*
F* 12*
2S
...
Michigan Cent
12
28
142* •141* 142* *141
12
12
28
142*
71
6<J*
*7%
Morris&Essex
71*
N.Y.Cen.&H.R 100*
Ohio & Miss...
6*
Pacific Mall
22*
•Ill
Panama
Wab. P.C. R’ts
12*
Union Pacific.
67*
West. Un. Tel.
78*
Adams Exp...
96*
American Ex. *52*
United States.
47*
..
71* 71V
71*
63 V 64*
64*
58* 59*
58*
71
70* 73
101-V 102* 102*
7*
7*
22* 22*
22*
22.*
•112
*113
113
•2* i2*
15*
12*
66*
66* 67
67*
79
V 80*
79*
79*
96 V 9 *
95*
9»*
52*
52* 53
71*
63*
59*
72*
10!*
7*
47V •47*
84
*33* 64
This Is the price bid and asked
Total sales this
were as
84“
20*
17V
101*
40*
71*
40*
66*
101 v
45
to*
12*
18*
30*
....
....
71V
6 ’.*
59*
73
102*
74*
64* 67
5S* 60*
72* 76
102* 103*
8*
9*
72
; no
sale was
•
18
18*
10'* 1(1*
29* 40V
70 V 71*
3'* 41
66
66*
102
102*
43 V 46*
49* 52*
T* 12*
!3
13*
29
18*
101 v 102*
39*
40*
7i*
71
40* 40*
66* 66*
102* 104*
41* 4-4*
52
50*
liv
13*
’28*
29
12
....
22*
....
:15 V 117
18
67*
17*
66*
8i•*
60
97
9^*
53*
53 *
47V
48
34*
84
made at the Board.
105
107*
8*
9*
21* 24*
120
118
17V 18*
67* 67*
80V 81V
!S*
61*
81*
98
53*
48
98
49
64
49
&1*
week, and the range in prices since Jan. 1,
Chicago Burl. & Quincy
Chicago Mil. & St.
Paul
do
do
607
...
pref...
Chicago & Northwestern
do
pref...
Chicago Rock Island & Pacific..
Delaware & Hudson Canal
Delaware Lack. & Western
Erie
2,275
1,313
72,635
34,160
46,176
56,985
14,558
31,033
336,185
34,955
3.400
900
Hannibal <fe St. Joseph
do
do
pref
Harlem
Illinois Central
Lake Shore
Michigan Central
Morris & E^scx
N. Y. Central & Hudson River..
Ohio & Mississippi
Pacific Mail
Panama
Wabash Receipts
Union Pacific
Western Union Telegraph
Adams Express
American Express United States Express
Whole
J an. 1, 1877, to date.—* year 1876.
Hi ghest
Low. High
Lowest.
Mch. 14 14* 22
15* Feb. 3 25
3 20* 109*
Ju' e 11 37* Jan.
6
Mch. 19 118* Jan. 26 112* 121*
94
11
Apr. 12 40% Oct. 41 18* 46%
Oct.
49* 84%
40* Apr. 23
4 31*
15
Oct.
Apr. 13 41
45*
37* Apr. 23 66* Oct. 4 55% 67*
5 98* 111%
82* Apr. 23 104* Oct.
25* June 13 74* Jan. J 61* 125
Jan. 13 64* 120%
30* June 11 77
-
17
710 135
8,522 40*
229,820 45
59,712
25,821
44,232
55,105
9,3f0
201
32,403
2,750
97,872
fl'ells, Fargo & Co
Total sales of the week in
201
223
252
m
2 13* Sept. 4
7*
17 15* July
3 10*
Ai>r. 17 33* July 3 18%
Feb. 19 144
May 22 130%
4
Oct.
60*
Apr. 2 75
Apr. 23 09* Oct. 5 48%
Apr. 2 62% Oct. 5 34%
June 13 92‘/, Jan. 12 84
5 96
Apr. 23 107* Oct.
5
5
9* Oct.
July <
Apr. 3 26* Aug. 24 16*
Apr. 3 130 Mch. 1 122
June 30 18* Oct.
5
Mch. 2 57%
Jan. 15 73
Apr. 4 84% Sept. 5 63%
Apr. 23 K 5 Jan. 27 100
July 3 60* Feb. 5 55
Apr. 27 59* Jan. 8 49*
July 25 90 June 5 79
23%
22%
4* Apr.
7
35*
51V
85*
ay*
12*
so
V*
59*
56
91
43*
36
81
Apr.
leading stocks
were as
follows
.
“
“
4
“
5
Mich. Del.L.
Cent. & W.
8,400
23,910
16,012
49,000 15,050
32,400 19,500
63,420 15,0J0
3,000
14,300
10,200
17,805
19,04-3
8,612
7,2n0
8,000
8,650
17,450
9,800
26,300
31,203
6,300
9,160
7,000
10,986
5,503
1
2..:.
3
“
St.
Paul.
7,230 22,500
Sept. 29
Oct.
Lake West’n
Shore. Union.
46,176 229,820
Total
Whole stock
8,200
N. Y.
Cent.
Del. &
Hud.
43,900
47,303
41,230
3,061
7,460
74,150
66,650
62,955
10,170
3,718
3,525
3,S8Q
8,010
5,755
8,545
6,023
7,660
9,861
72,635 59,712 336,187 44,232 34,033
187.382 262,000 894,233 200,000
97,872
151,031 494,665 337,874 153,992
The total number of shares of stock outstanding
the last line, for the purpose of comparison.
is given in
earnings, and the totals from Jan. 1 to latest
below. The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns under fhe heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1, to, and including, the report mentioned
The latest railroad
dates, are given
in the second column.
Jan. 1 to latest date
-Latest earnings reported.
1877.
1676.
1876.
1877.
$265,593 $1,763,113 $1,753,385
{284,509
194,226
Atch. Top. & S. Fe ..Month of Sept..
Bur. C. Rap. & North.Month of Sept..
2d week of Sept.
Cairo & St. Louis
58,923
Canada Southern
.1st week of Aug.
Central Pacific
Month of Aug... 1,3J5,000
Chicago & Alton
3d week of Sept.. 123,082
Chic. Mil. & St. Paul.. .Month of Sept.. 1,180,000
Clev. Mt. Y. & D.,«tec. .3d week.of Sept.
8,742
19,483
Denv. & Rio Grande...3d week of Sept.
Grand Trunk
W’kend. Sep. 22. 214,217
..
86,980
47,500
199,875
508,976
27,205
86,483
90,562
461,402
351,386
68,152
125,714
..
63,403
Jersey Midland..Month of Aug...
Nashv.Chatt. & St.L..Month of Aug...Pad. & Elizabetht’n...Month of Aug ...
154,997
31,701
292,390
53,194
Sr.L.A.&T.H.(brchs).3d week of Sept.
*11,931
12,698
351,914
290,600
114,307
St.L.&S.E’n(StL.div.) 2d week of Sept.
14,342
(Ken.div.)...2d week of Sept.
6,792
2,852
(Tenn.div.)..2d week of Sept. ’
St. Paul & S. City
Month of Aug...
39,170
Sioux City&St.Paul. .Month of Aug...
24,022
Tol.Peoria & Warsaw..3d week of Sept..
27,605
'. .3d week of Sept.
Wabash
105,624
13,850
6,719
2,554
44,241
26,066
42,993
100,069
97e,781
401,700
321,180
121,080
St.L. I. Mt. & South.Month of Sept...
St. L. K.C.& North’n.. Month of Sept..
St. L. & S. Francisco .Mooth of Aug...
“
“
Pacific
Union
True Gold
1,085,192
809,883
2,073,266
582,010
3,175,808
2,310,917
2,155,060
1,065,534
412,975
1,135,131
141,721
2,089,841
259,442
243,401
351,501
333,856
2,935 326 2,006,047
2,223,910 2,263,620
814,264
870,046
412,705
414,736
226,651
229,423
105,365
103,182
361.554
287,426
218.991
158,352
778,362 1,038,437*
3,074,613 3,067,896
6,987,406 6,624,714
267,834
43,963
Month of Aug...
Month of Aug..
3,559,335
126,721
1,845,755
3,529
3,417
2d week of Sept.
Fad. & Memphis
Phiia. & Erie
St. Jos. & Western
41,365
28,085
New
831.2'4
208,106
469.674 3,053,095
114,034
31,829
878,762
947,761
30,925
66,605 2,177,482
599,876
91,514
413,895 3,409,578
306.675 2,425,888
76,068 2,223,916
118,096 1,019,4)5
439,754
62,325
131,103 1,097,636
89,077
Indianap. Bl. & W .. .3d week of Sept.
Int. & Gt. Northern...3d week of Sept.
Kansas Pacific
3d week of Sept.
Louisv. Cin. & Lex...Month of July..
Louisv. & Nash., ifcc..Montn of Aug...
Missouri Pacific
Month of Aug...
Mo. Kansas & Texas..3d week of Sept.
Mobile & Ohio
Mouth of Aug
8)9,809
165,558
182,664
4,682
30,156 1,091,208
978,836
1,696,154 10.615,572 11,264,32!
140,430 3,179,833 3,553,007
645,831 5,372,460 5,861,393
269,918
8,018
263,649
519,108
10,946
316,596
185,! 26 6,483,924 6,783,423
98,592 2,667,139 2,865,952
4,853
Great Western
W’kend.Sep 21.
Hannibal & St. Jo... 3d week of Sept..
Houst’n & Tex. Cent.Month of Aug...
Illinois Ceil. (It).line)..Month of Aug...
do (Leased lines).Month of July...
90,800
*
•
Month of July... 994,997
market.—Gold has continued weak and without
in price.
immediate prospect of an advance in
price To-day, the
price opened and closed at 102f, with sales in the meantime at
102$. The carrying rates were $, 1, 3 and 2 per cent, and loans
any
were
also made flat.
following table will show
clearings and balances each day of
Tbs
the course of gold and gold
the past week:
Quotations.
Sept. 29
Saturday,
>
Op’n Low. High Clos.
103
103
103* 103*
103* 103
103* 103
i
103
2.... 102* 102* 103
103
103
103
103
3
Monday,
Occ.
Tuesday,
“
Wednesday, “
Thursday, “
Friday,
“
...
4....
103
102%
102% 103
5.... 102% 102% 102* 102%
Total
.
...
$1,945,989
794,640
1,037,322
1,357,235
1,423,487
1,2J6,839
$
102% :03* 102% {102,9*3,000
103
84,001,000
103* 103 107* 102% 107* 102%
103
103
Current week
Previous week
Jan. 1 t.o date...
Balances.——»
Currency.
,
Gold.
Clearings.
$21,657,001 $1,795,700
769,000
17,398,000
14.691,000 1,095,8 ^9
13,334,00;
1,228,873
13,946,000 1,380,700
21,947,000 1,215,946
646,655
818,641
93
54* 55
34
west.
13*
142* 142* •142
75
74V 75
6.
67*
67* 69*
60 * 62*
61* b2*
74* -7 *
71* 7«*
103* 105
9*
8*
23 * 24*
North¬
3.
follows:
Atlantic & Pacific Telegraph
Central of New Jersey
17
Oct. 5.
20
20
Ojt. 4.
2)
20
....
Sales
of w’k.
Shares
do
12*
28
20*
101*
38*
70*
39*
65*
101*
41*
46*
11*
12*
30*
&*
22 *
22*
....*114*
16V
16 V
66*
66*
80*
79*
95*
97
52* • ...
48
48
47V
*83*
*83*
....
Wells, Fargo..
1876,
O t. 3
Oct. 2.
Oct. 1.
20 * 20*
Friday,
Wednes’y, Thursday,
Tuesday,
Monday,
Saturday,
Sept. 29.
20 * 20*
is* 15*
[Vol. XXV.
33*
145
103%
68%
65*
The
following are the quotations in gold for foreign
Sovereigns
Napoleons
....
$4 84 @$4 88
3 84 @ 3 88
! Dimes* half dimes.
Large silver, %s&*s
© 4 80
© 4 10
Spanish Doubloons. 15 60 S 15 90
Mexican Doubloons 15 50 © 15 60
Fine silver bars
119%©
120
Fine gold bars
par@*prem.
X X Reichmarks....
X Guilders
4 74
3 90
Five francs
Mexican dollars.
74*
80*
114
67
76%
91
:
—
—
96*@
96*@
93
93
4 75
English silver
—
—
65
96
©
©
—
—
97*
97*-
—
95
—
94*
© 4 85
— 70
— 97#
@
©
Exchange.—Foreign exchange has gone still lower, and
of commercial exchange soon to come on the
market, the demand is not enough to keep up prices. Bankers’
with the prospect
demand about 4.83$@
sixty-day sterling bills sold at 4.80, and
4.84.
In domestic exchange, to-day,
New York : Savannah, buying
fair demand, buying par, selling
scarce,
the following were the rates on
$ off, selling $ off; Cincinnati,
1-10 premium; Charleston, very
buying $@f discount, selling f@$ discount ;
commercial, $@5-16 discount,
bank
Chicago, 80 discount.
Quotations for foreign exchange are as
New Orleans,
St. Louis, 75 discount,
par ;
and
follows:
Prime bankers’
sterling bills on London..
Good bankers’ and prime
Good commercial
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks).
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
commercial....
-Oct. 5.—
3 days.
days.
80*@4.81
.79* @4.80*
60
117*
140
—
—
..
Prussian silv. thalers
Trade dollars
106
24*
39*
and
American coin:
•
.78
©4.79
.77*@4.7S*
.22 *©5.20
.22-*@5.20
.22 *©5.20
39*© 40
93*© 94*
93*© 94*
93*© 94*
93*© 94*
4.84*@4.85
4.33*@4.84%
4.82
@4.83
4.81*@4.82*
5.20 ©5.18*
5.20 @5.18*
5.20 ©5.18*
40*@ 40*
94*@
94*@
94 *@
94*@
95*
95*
95*
95*
THE CHRONICLE
6, 1877.J
OCTOBER
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the week
329
BOSTON, PHILADELPHIA, Etc.—Continued.
ending at the commencement of business on Sept. 29, 1877:
Bid
SECURITIES.
Ask.
Bid. Ask.
SECURITIES.
-AVERAGE AMOUNT OF
Loans and
New
Legal
Net
3,000,000
York
Manhattan Co... 2,050,0 »0
3,000,000
Merchants’
2,000,000
Mechanics’
1,500,000
Union
3,000,000
America
1,000,000
Phoenix
.
City
Tradesmen's
1,000,000
1,000,000
....
000,000
300,0 >0
Fulton
Chemical:
Merchants’ Exch. 1,000,000
Gallatin National 1 r5v)0,000
500,000
Butchers’* Drov.
000,000
Mechanics’ * Tr.
2 0.000
Greenwich
000,000
Leather Manuftrs.
300,000
Seventh Ward....
State of N. York.
800,000
American Exch’e. 5,000,000
Commerce
5,000,000
1,000,000
Broadway
Mercantile
1,(00.000
422,700
Pacific
1,500,000
Republic
Chatham
450,000
People’s
412,500
North America... 1,000,003
1,000,003
500,000
3,000,000
Citizens’
600,000
Nassau
1,000,000
Market
1,010,000
St. Nicholas
1,000,000
Shoe and Leather. 1.000,000
Corn Exchange... 1.000,000
Continental
1,250,COO
Hanover
Irving
Metropolitan
Oriental
■300,,000
Marine
403,000
Importers’&Trad. 1,500,000
Park
Mech. Bkg. Ass’n.
Grocers’
North River
East River
Manuf’rs’ & Mer.
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Tliird National...
N. Y. Nat. Exch..
Tenth National...
2,000,000
500,000
300,000
40 >,000
350,000
100,0t0
3,750,( 00
2,000,000
300,030
1,500,000
500,030
1,003,001)
300,000
500,000
Bowery National.
250,000
New York County
200,0.0
German American 1,000,000
Dry Goods
1,000,000
Total
5,643.000
478,500
911,209
533.800
197,700
7,205,SCO
951.600
4.948.200
1.237.100
5.802.900
tion.
$
37,000
7,500
851.100
6.213.500
4,82:4,900
4.416.500
695,490
3,189,000
9.242.300 1,065,COO 1,086,300
7.230.300
1,103
252,000
2,604,000
423,000 2,415,000
270,000
5,697,400 1,026.500
826,000 4,357,100
60,700
3,391,000
404,703 1.931.300
793,800
1,8)3,000
143,300
581.100 1.569.500
10,2‘.'2,400
847,200 2.569.600 10.578.700
154,COO
3,214,000
353.600 2,265,803
626,100
318.800
3.816.800
292.500 2.201.700
45,000
1,477,000
57,000
284,000
1,192,000
163,000
1,706,230
40.0JU
208,000
994.200
193,000
818,800
704.300
191.300
2,700
2,789,600
378,3<)0
219.303
2.406.700
237,600
969,900
89,900
157.400
950,000
36,500
261.900
336,000
1.977.800
1.897.400
45,000
11,761,000
809,000 1,60»,000 8,010,000
220,000
13.707.400
&01,90l) 1.642.600
5.403.700 2,!8S,4P0
4,930,403
67, *00
790.103 3.426.200
900,000
214,600
397.500
3,202,000
2.808.300
45,000
1,939,^00
27,000
576.800 1.960.500
128.800
3.430.300
325.900
1.839.300
450,000
3,029,(03
200,800
491.200
2,942,600
280,000
29.000
134.300
1.323.900
1.133.200
5,400
57.300
2.199.500
347,003
1,885,000
601.400 -3,134,200
197.900
3.900.800
4;0.0f 0
2,0)3,0)0
20,800
465.500 2,077,000
69,500
11,078,000 1,173,000 1,285,000
9,224,000
18,000
1.520.300
56,000
379.900
1,500,000
135,000
2,064,300
22,100
2)9,700
1.867.800
3,900
175.303
2.365.900
323.900
1.649.800
197,900
2,221,200
62.300
234.400 1,083,900
501.300
3,645,000
166,200
609.103
364 200
2.914.500
3.116.500
95,000
458,000
1.918.900
4,800
3,033,700
48o,000
81,100
2.209.300
690,100
201.300
1.313.900
11,600
1.104.700
1.644,700
101.400
276,000
1.512.400
230,000
4,13
4,300
15,613,503
529.400
16,042,900 1,107,900
638.400 2,731,500 12,763,400
10.719.400
60,000
718,600
143.600
9,400
564,100
295,400
711.100
1,100
214,700
6)7,600
994,800
140.400
15,600
811,700
712,300
180,000
5.700
95.300
564,800
448.100
2.700
126.100
507,000
14,544,600
431.900 2.593.100 11,667,103 1,030,100
7,712,000
101,000 1,789,030 7,012,000 1,S99,()00
1,856,030
448,000
1,819,000
270,000
5,072,900
106,100 1,002,800 4.275.300
720,00)
5,131,930
893,100 1,222,303 6,019,000
101,700
704,400 1,052,000
5,060,000
5.797.900
49,400
1.215,200
88,803
175,830
896.200
27o,000
1,288,400
11,700
149.200
566,900
447,500
240,000
1.105.300
1,600
870.300
218,300
1,051,900
309,100 1,074,300
180,000
2.134.300
165,300
309,100 1.863.200
Specie
Legal Tenders
The
.....Dec.
Dec.
2,622,400
478,900
Circulation
following
are the totals for a
Specie. L. Tenders.
$244,899,600 $14,259,00) $50,789,000
243,778,700 16,030.100 48,130,600
243.920.800 1P,96L600 45,333,900
243,795,000 19,913,000 44,045,900
243,976,400 19.274,700 42,454,400
241.847.800 16,652,300 41,975,500
Loans.
Aug. 25.
Sept. 1..
8..
15.
Boston
Banks.—Totals
Loans.
Specie.
Aug. 27. $128,971,300
Sept. 3.. 128,830,900
SeDt. 10.
Sept. 24.
Oct. 1...
were as
Inc
do
Pittsburg
Deposits. Circulation. Agg. Clear.
$213,026,300 $15,515,500 $420,915,000
209,450,700 15,383.300 400,793,928
210.574.100 15.568.400 397,270,385
208,582,400 15.577.100 379.235,693
206.724.100 15.596.100 405,032,278
200,711,200 15.724.400
follows:
Specie.
61,110,147
61,057,342
61,3.93,773
61,152,599
61,08S,110
were as follows:
L. Tenders. Deposits. Circulation. Agg. Clear.
SeDt. 24.
Oct. 1...
1,132.272
1,244,007
1,142,579
1,346,360
1,376,571
14,642,247
14,539,275
14,355,546
14,223,863
13,920,867
do
•
•
•
c.
ioT
....
p.
...
do
7 11b
do
do
do
91
i'12
7 iob
19
28
10
S?*
::
bV
do
..
46%
43%
.
’
....
‘
38%
39%
29
9
29%
16%
16%
10
49,989,663
49,397,024
49,750,085
49,275.003
49,072,910
10,403,113
10,536,776
10,524,262
10,552,698
10,5:9,169
28,861,504
30,566,963
33,750,225
34,831,338
32,856,411
RAILROAD
do
do
do
do
do
"8%
8%
122
United N. J. Companies...
West Chester consol, pref.
West Jersey
124
•••
.
BONDS,
1st m., 1890, J. & J..
2d m.,guar., J.& J..
2d m., pref
2d m.,gr. by W.Co.J&J
6s. 3d m.. guar., J.& J.
do
do
CANAL STOCKS.
2d, M.&N
83, 3d, J. * J.
..
do
Delaware Division
;
Lehigh Navigation
Morns
do
pref
19
pref.
do
31 m.
80
40
85
45
98
95
K2
100
.
6s. ’8)
.
6s, ’37
Amboy 6s, '83.
.
.
new
•
•
•
100
.
7s, 1900
CayugaL.lst m.,g.,7s,1901#.
Connecting 6s, 1900-1964
(
•••■
(
....
(
ib'i%
l
101
iob
1
05
10b
IOO
104
104
80
95
100
85
85
85
106
Georgetown.
i
do
3d m. cons. 7s,’95r
jaca* Athens 1st, gld, 7s.,’S 0
Junction 1st mort. 6i, ’82.
do
2d mort. 6s, 19)0
37
105
40
.
’ubllc WorksCertlfs. gen. Imp. Si, ’77-78. 100
Series
,do
100
Certlfs. sewer, 8s, ’74-77.... 35
(
do
do
do
do
!0
.
...
..
.
97%
7
w
C
98
•
18% 25
106% 10?%
*
.
do
6s, gold.
Co., O., 6s. long...
"97
do
do
Lehigh Valley, 6s, coup.. 1891 ; i08% i(>b% fC
L
110
do
6s, reg., 1893.. .109
do
7s, reg., 1910v now 112
m.,6s,rg.,192 3
South. RR. 7-308.
98
106
108
103
7s
7‘30s
1
102%
__
6s, at pleasure
>ck, 6s
do
do
>ck, 6s
j£
100
7 * 7-30s, long.
107100
102
do
2dm. 7s,’85.
95
rid., 7s, guar..., 44
\ 1st m. 7s
92
do
2d m.7s, ’,7...
71
103
100
do
2d m.7s,’84.
95
90
3d m. 7s, ’83.
do
100
do
83
181 m., 1905
do
1st m.fs, 1905 73
64
Cin. & Laf. 1st m. 7s...
88
do
(I.&C.) 1st m.7s,’i
97
13
95
7b, 1 to 5 yre..
112
do
do gen.
107%
1 107
do
Oil Creek 1st m. 7s, coup.,’81
83% 89%
3 58
rlttsb. Titusv. & B., 7s, cp,
58%
no
J 109
Pa.& N.Y.C.& P.RR.78,’96T
106
1
105%
nnsylvanla, 1st m., cp. /
106%
do
106)4
gen. m. 6s, cp..1910.
103
do
106%
gen. m 6s, l g.
92
do
cons. m. 6j, rg.,
c
V2
do
cons. m. 6s, cp.,
Perklomen 1st m.63,coup.,’9
do
8. p.c. st’k, guar 88
104
11a. & Erie 1st m.6s, cp.,’8t 101
T
90
do
2d m 7s, cp.,’88. 97
97%
104
104%
Phlla. & Reading 6s, ’SO, ..
LOUISVILLE.
do
105%
7s, coup,
50
L ulsville 7s
t 102
do
deben., cp.
do
6s,’82 to’87
+ 98
do cons. m. 7s, ep.,l!
102% 103
do
104
102
6s,
’97
to
’98
t 98
do cons. m. 7s, rg.,11
do
water
6s,’87
’89
to
t
98
do new con. 78,1893
57%
do
water stock 6s,’97.t 98
55
60
Ua.& Read. C.&I. deb.7s
do
wharf 6s
..+ 98
£5
do
do
7s, ’92do
spec’l tax 6s of ’89.t 08
Phila. Wtlm. & Balt. 6s, ’84
E
.
.
L
...
.
..
L
....
POTATIONS IN BOSTON, PHILADELPHIA AND OTHER CITIES.
Bid. Ask,
8ECURITIB8.
BOSTON.
Maine 6s
New Hampshire 6s
Vermont
6s
11U
Boston 6s, currency
do
5s, gold
vmcago sewerage 7s
do
Municipal 78
116
do
Boston &
4
land Inc. 12s.
Albany 7s
Boston* Lowell7s
Boston & Maine 7s
49
101
Hartford
new.
& Erie 7s, new
...
Ggdensburg
Colony
& Lake Ch.Ss...
& Newport 7s, ’77.
Rutland, new
verm’t
C.
7s
1st m., cons.
do 2d m.t 7s,
Vermont &
Ba
Canada,
50
{Eastern (Mass.)
101% Eastern (New Hampshire)...
110
50%
12%
10.;%
96
50-'
12)
65
7s, *86.
1891
new 8s..
38
Manchester & Lawrence
Nashua & Lowell.
New York & New England...
Northern of New Hampshire
Norwich & Worcester
Ogdensb. & L. Champlain
.
.•.
do
do
pref.
Old Colony
Portland Ssco & Portsmouth
Raciand, common
do
preferred
Vermont & Canada
Vermont & Massachusetts*..
Worcester* Nashua
*88
70
126
52
Fitchburg
Burl. & Mo., Ianderant7s.... 1 Ol*)
do
Neb. 8s, 1894
105%
-do
Neb. 8s, 1883
96
122%
68%
93% 94
124% 125
36% 38%
2%
Concord
Connecticut River
& Passumpslc
Conn.
80%
88
107
eastern, Mass.,3^8,
..
Burlington & Mo. In Neb
Cheshire preferred
Cin. Sandusky & Clev.
Portland 6s
Atch. & Tcpeka 1st m.7s..,
land grant7s
2d 7s
Boston & Albany
Boston & Lowell...
Boston & Maine
Boston & Providence
..
_
D
'71%
STOCKS.
Massachusetts 5s, gold....
do
do
Bid. Ask.
8KCURITIK8.
Vermont * Mass. 1st m., 6s,’b3
3%
2%
53
4%
104% 104%
71% J
83
*87
United N.J. cons. m. 6s,’94.. 77
Warren & F. 1st m.7s, ’9j..
110
West Chester cons. 7s, ’91.
83
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st in. 7s, i9-)7....
Suubury & Erie 1st m. 7s, ’77..
do
1st m. 6s, cp
’96. 103
100%
do
1st m. 7s, ’97
76
Western Penn. HR. 6s, 1893
75
do
6s P. B.,’:
Wilm. & Read. 1st m. 7s. 1900*
do
2d m., 1902*...
70%
122%
28
92
92%
92%
62%
8
9
...
Lehigh Navigation 6s, reg.,’84 loi
do
RR., rg.,’9; 104%
do
deb.,rg., 77
do
conv.,rg. ’82
uo
ccnv.,g., rg.,’94 98
do
gold, ’97— 89%
do cons. m.Ts, rg 1911
Morris, boat loan, reg., 1885..
.
.....
ioi‘% J<
78
80
•
•
In default of Interest.
98
100
106
112
105
103
98
50
94
75
105
102
98
05
87
77
67%
90
99
15
98
35
90
02
104
Sg
98%
0t
98%
96%
97
80
05
ao
r
;;;
st
90
St
water es, gold
t 107
do
do
new
106%
bridge anpr., g.6s.f
renewal, gold, 6s. +
sewer, g. 6s, ’9‘-2-3.+ 106%
Co. new park,g.6s.t 107
r.
|_
98%
do
do
96
LOUIS.
t
do
do
do
do
i
98
97
98
ST.
...
97
96
98
'31% 32*
L
L
,
*
47
Leb. Br. 6s, ’86
1st m. Leb. Br. Ex.,7s,’80-S5.t
Lou. In.
do
68,’33...t
Consol. 1st m. 7»,’98
St
70
!04«
J*
r
....
...
46
T.M.&I.ietm. (I*M)7s,’r
do
2dm., 7s
100
110
112
do
let m.,7s, 1906
+ 10!)
99% L tUsv.C.* Lex. 1st in. 7s,’97 106%
L mb.* Fr’k.,Louisv.ln,6s,’8! 100
K
7.
L nlsv. & NaBhville—
CANAL BONDS.
Chesan. & Dela 6s, reg., ’82..
Delaware Division 6s, cp.,’78.
102
102
45
CINCINNATI.
102% 103%
...
con.
94
loan (Con .) 6s, g., ’92. 102
do
(Leg 6s, g., 1902. 102
tifs.of st’ck ( io*oj oo, ui pi. 75
do
(1843) 6s, at pi. 90
s.&O.st’k (’47) 6s, at pi... 85
102
Harrisburg 1st mort. 6s, 83..
H. & B. T. 1st in. 78, gold, ’9<
2d m. 7s, gold,’95.
do
104
104
104
104
104
102
102
102
7s, 1903.. 102
ia.
il2
104
do
do
102
i-year bonds, 6s. ’7
101
6
East Penn. lBt mort. 7s, ’88
E1.& W’msport, 1st m., 7s, ’S(
do
1st m., 58, peri
J.&J., 18!
Washington.
do
10s, ’88
g.,
7s, 1891
do
102
.
do
6s, coup., ’ 9 102
mort. 6s, reg.,’ 9 111%
do
* Atl. 1st in. 7s, g., 19)
do
2d in., 7s. cur.,’i 0 94
chat, m.,
Imp. 6s,
106% 108%
.
0
15
District of Columbia.
rm.
do
Allegheny Vai., 7 3-10s, 1895
do
7s, E. ext.,19
do
Inc. 7s, end.,
i04
WASHINGTON.
"8%
7
.
22
i02
14%
"5
RAILROAD BONDS.
do
do
Can-on endorsed.
...
Schuylkill Navigation
112
0i
MISCELLANEOUS.
19%
Pennsylvania
,m.
69%
ios
93
50
21
....
in.
115
..
....
"
Pittsburg Titusv. & Buff..
Camden &
102%
lit. & Ohio 6s, 1880, J.&J....
102% 104
do
104
6s, 1885, A.&O.
W. Va. 3d m..guar.,’85,J*J
ttsb.& Conneirsv.7s,’98,J&J 101%
101%
irthern Central 6s, ’85, J&J
105
do
6s. 1900, A.&O. iob
102
do 63, gld, 1900, J.&J. 959
96
1001 101%
50
45
100
95
....
Pennsylvania
Philadelphia* Erie....
Pnlladelphla & Heading,
Philadelphia* Trenton.
2%
7
40
39
39
.
slvidere Dela. 2d
iVa%
ioa%
112
44
-
5
f.
Mlnehill
do
|
....
'
Susquehanna
iio
41%
Lehigh Valley....
Little Schuylkill
Norristown
North Pennsylvania
112
RAILROAD STOCKS. Par.
Balt.* Ohio
100 100
do
Wash. Branch. 100
do
Parkersb’g Br..50
Northern Central..
50
Western Maryland
50
'30
2
NeBquehoning Valley.
50
111%
111%
Norfolk water, 8s
22
..
r.
do
55
ii8
6s, 1886, J.&J
6s, 189), quarterly...
6s, park. 1890, Q.—M.
6s, 1893, M.& S
6s,exempt,’98,M.&S.
1900, J. & J
1902, J. & J
5s,
do
do
do
do
iob
26*
..
"
ksyj
Elmira & YY illiainsport.
do
r
do
55
50
55
36
...
36
RAILROAD STOCKS.
Cjmden * Atlantic
do
do
pref.,
CatawiS8a
do
pref
do
new pref
..
6s, exempt, 1887
do
6s, 1890, quarterly.. 10S
do
os, quarterly
98
Baltimore 6s, iS9L quarterly.
'•
•
.
Deposits. Cirpulation. Agg. Clear.
$6,619,500 $49,003,600 $23,306,600 $ '6,250,619
6,761,50)
49.261.700 23,338,500
34,657,727
6,652,100. 49,567,500 23,524,000
41,237,484
6,767,100
49,513,8 0 23,546,300
41,842,091
6.899.300
49.446.700 23,421,400
41,020,>80
6.430.300
48,830,300 23,341,000
40,8*7,565
Aug. 27. $60,633,929 $1,133,119 $14,659,797 $49,335,7*7 $10,489,830 $30,087,802
Sept. 3..
Sept. 10.
Sept. 17.
..
.
series of weeks past:
•
•
Camden County 6s, coup.
Camden City 6s, coupon.,
do
7s, reg. & cc
Delaware 6s, coupon
Harrisburg City os, conpo
m.6s,’95.
08
65
60
BALTIMORE.
Maryland 6s, defense, J.& J..
01%
57*81
5s, reg. & cp.,
6s, gold, reg
7s, w’t’r In, reg
62
113
..
4s, coup., 1913.
do
do
do
2dm. 6s, 190.
6s, Imp., ’80
6s, boat* car, 1913
7s, boat * car. 19.5
Susquehanna 6s, coup.. 19.8..
..
..
co
BO
60
...
1*08%
6s, new, res
Pennsylvania 6s, coup., ’.910..
Schuylkill Nav. 1st m.6s, ’97.
do
do
do
do
do
02 108
2. 102 i 104
2. 110% * 110%
ms
106
123,300
.
Philadelphia Banks.—Totals
Loans.
cur.,reg
new, reg., 1892
10-15, reg., 1VJ
Allegheny County 53,
L. Tenders.
>1,658,700
1.787.200
2.151.200
2.261.200
2,375,000
2,407,000
129,092,200
129,162,600
123,782,900
128,819,900
Sept. 17.
58,
5s,
6s,
6s,
15-25, reg., 188'.
Philadelphia 6s, old, reg.
69,235,200 241,847,800 16,652,300 41,975,500 200,771,200 15,724,400
Loans
P
do
do
do
do
.
returns of previous week are as follows :
Dec. $2,128,600 Net Deposits
Dec. $5,952,900
22.
29.
’
137,700
124,300
The deviations from
Sept.
Sept.
8ept.
Sept.
•
Circula¬
Specie. Tenders. Deposits.
$
8.874.800 1,818,200 1,506,000 8.698.200
Capital. Discounts.
Banks
do
do
t And interest.
7a
do
do
52
28
25
104%
77.
THE CHRONICLE
310
U* 8.
Bid. Ask.
State Bonds.
58,1886.
do
Chic. Bur. * Q. 8 p. c., 1st m... 112
do consol, m. 7s 110
do
do
5s sink’g f’d. A.&O
S3
38
38
38
Alabama 5s, 1883
86, 1886
do
do
86, 1888
do
Be, M. & E. KB..
do
8e, Ala. & Ch.K.
86 of 1892
do
8s of 1893
do
Arkansas (?e. funded
do 7s, L. R. & Ft. S. lee
do 73 Memphis & L.R.
do 78, L. R.P. B. &N.0
do 7s, Miss. O. & K. R.
do '7e, Ark. Cent. ltU...
03
107
do ' 7b, new bonds—
do
7b, endorsed. ... 106%
do
7b, gold bonds... U6J4
Illinois 6b, coupon, 1879...
do
War loan..
Kentucky 6s
00
108
53
53
53
53
53
Louisiana 6s
do
6s, new
6s, floating debt
do
do
do
do
do
do
do
do
do
do
do
do
Chic. &
do
do
Penitentiary
do
6s, levee
do
8s, do
do
8s, do 1875 ....
do
8s, of 1910
do
7s, consolidated
do
7s, small
Michigan 6s, 1873-79
7b,
do
do
do
53
81%
6s, 1883
112
7s, 1890
Mlasourl 6s, due 1877
do
00
1878
Funding, due 1834-6... .
Long bonds, due ’32-’90.
Asylum or un.,due 1892.
Han, a st. Jos.,due 1886.
;
do
do 1887.
Fea York State60, Canal Loan, 1877
68,
do
1878
60, gold, reg....l887
6s, do coup.. 887
do loan...1883
$ do do ..1891
1892
..1893
a
Forth Carolina—
do
do
do
do
do
do
do
7
7
1
I
J. & J
A. & O
Class t
Class 3
2)4
2)4
1%
July
April & Oct
Funding act, 1866
LandC., 1889, J. & J
LandC., 1889, A. & O....
7s of 1888
Non-fundable bonds ...
Tennessee 6s, old
do
6s, new
do
68, new series..
2)4
1%
42%
43
43
48
4214
'
Virginia—
6s, old
6s, new bonds, 1566
6s,
do 1867.. ...
6s, consol, bonds
6a, ex matured coup. ..
6ft, consol., 2d series
6e, deferred bonds
District of Columbia 3.658.
60
41
"(j
74%
7344
73%
Railroad Stocks.
70
Cleve. Col. Cln. & I
Cleve. & Pittsburg, guar..
Col. Chic. & I Cent
Erie
City.
32)4
78
103
pref
Dubuque & Sioux
42Vli
41V*
32)4
83!*
5
50
.
5%
pref
Indlanap. Cln. & Laf
Joliet & Chicago
Long Island
Missouri Kansas & Texas.
New Jersey Southern
N. Y. New Haven & Hart.
Ohio & Mississippi, pref
Pitts. Ft. W. & Ch., guar..
do
do
special.
Rensselaer & Saratoga. ..
Rome & Watertown
St. Louis Alton & T. H —
do
do
pref.
Belleville* So. Ill.,pref.
St. L. I. M. & Southern....
6t.L. K. C. & North’n,pref
Terre Haute & lnd’polts
Toledo Peoria & Warsaw.
United N. J. R. & C
22
151*
H
155
'92%
‘96
100
16%
17)4
*6%
Am. District Telegraph...
Canton Co., Baltimore....
Land & Im. Co.
American Coal
Consolldat’n Coal of Md..
Mariposa L. & M. Co
do
pref.
Cumberland Coal & Iron.
do
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal....
Railroad Bonds.
(Stock Exchange Prices )
Boston H. Sc Erie, 1st m..
guar.
...
Bur. C..R & North., 1st 53..
Chssa. Sc Ohio 6s, 1st m...
do
ax coup
Chicago * Alton 1st mort.
do
24
22)4 22%
10
30
23
1
do
102%
98
98
99
99
....
Water.’. !.!!...+
ii’o*
92%
115
102%
100% i oi%
103% 104%
*
-jsLLuJack.* Chic.,1st m.
6s
M
old..
m.
g
with lnt. certlfs
86
&
|
....
....
_
Illinois
Grand Trunk...'.
Dub. & Minn. 8s
'■
\ pH
..
.
104
....
18V*
60V*
1st 7s,
10
2d 7s, 20 years..
Connecticut Valley 7s
Connecticut Western 1st7s....
Chic & Mich, L. Sh. 1st 8s, ’89.
do
do
108%
....
....
108%
;;;
106
Erie &
....
117%
....
...
18
24
....
Central Paclflc gold bonds,
do San Joaquin branc
do Cal. & Oregon 1st
do State Aid bondB...,
do Land Grant bonds
Western Pacific bonds
Penn. RR—
Pitts. Ft. W. & Chic., lstm.
do
do
2dm.
do
3dm.
do
*40
i
112
ioy
t
t
t
St. L. & Iron Mountain, 1st m,
do
do
2d m.,
St. L. Alton & T. H.—
T.
Alton &
H., 1st mort .. .
2d mort., pref.
do
do
2d mort. lnc’m e
Belleville & S. Ill.R. 1st m. 8 s
104
39
....
....
96%
'8*4%
69
87
91
Evansville & Crawfordsv., 7s..
Pittsburgh let 7s.
con. m., 7s..
do
.
20
30
6
50
103
101
21
55
31
65
25
65
70
51
27
“*8
1*2
45
40
100
100
80
50
45
103
86
80
37
South Carolina new consol. 6s.
Texas 6s, 1892
M.*S.
do 7a, gold, 1892-1910. J.&J.
do 7s, gold, 1904
J.&J.
do 6s, gold. 1907
J.&J.
do 10s, pension, 1894.. J.&J.
.
-
V
60
68
*34
35
105
8s
waterworks..-....
F. L. bda.
Montgomery 8s
Nashville 6s, old
do
6s, new
New Orleans prem. 5s
consol. 6s...
do
do
railroad, 6s
7s
do
do
70
»•••
80
30%\ 33
...
....
new
Wilm’ton, N.C.,
97
93
89
65
83
94
75
wharf imp’ts, 7*30
do
Norfolk 6s
88
85
95
91
86
64
79
60*
Columbus, Ga.,78, bonds
do
bonds A & B
do
end., M. & C. RR
Mobile 5s (coups, on)
do
8s (coups, on).
do
6s, funded
63%
100
103% 105
CITIES.
Atlanta, Ga., 7s
do
do
40%
70
100
111%
111% 113
6s”, gold) coup
8s,gold) on.
31
33
31%
• 4 •
30
30
70
70
33
38
*49
end....
Cert’s.
Atlantic & Gulf, consol
do
end. Savan’h.
stock
do
guar...
Carolina Central 1st m. 6s, g...
Central Georgia consol, m. 7s.
do
stock
Charlotte Cel. & A. 1st M. 7s..
do
do
stock
Cher aw & Darlington 8s
East Tenn. & Georgia 6s
East Tenn. & Va. 6s end. Tenn
E. Tenn. Va. & Ga. 1st m. 7s...
do
do
stock
do
do
Georgia RR. 7s
do
stock
Greenville & Col. 7s, 1st mort.
do
7s. guar....
Macon & Augusta bonds
do
2d endorsed.
do
stock
*8*
52
80
90
80
RAILROADS.
20
20
45
50
80
100
97
91
95
I0L
40
40
60
Ala. & Chatt. 1st in. 8s,
Ala.* Chatt. Rec’ver’s
do
Memphis & Charleston 1st 7s..
..
....
.
-
80
6
20
72
7
45
75
40
29
98
45
70
100
48
73
• •••
1*00
70
75
90%
35
1C5
71
*40
•
• •
103
80
85
92
45
108
73
90
42
•
85
90
•
••
88
70
do
2d 7s... 66%
8
6
do
stock..
35
82
Memphis & Little Rock 1st m. 27
98
49
Mississippi Central 1st m 7s... 94
80
77
2d m. Ss
do
98
ICO
82
Montgomery * West P. 1st 8s. 98
30
Mont. & Eufaula 1st 8s, g., end 27
50
43
41
Mobile & Ohio sterlings
43
do ex cert. 6s 41
do
85
30
26
do
8s, interest
62
10
5
2d mort. 8s
do
71
104
IN. Orleans & Jacks. 1st m.8s. 102
88
95
90
70
;
Certificate, 2d mortg. 8s:....
85
Indianapolis* St. Louis 1st 7s
I Nashville Chat.* St.L. 7s.... 81% 92
66
Houston & Gt. North. 1st ?s,g. 64
Norfolk & Petersburg 1st m.8s 90
67
65
International
(.Texas)
Istg...
101%
do
do 7s 80
25
lnt. H. & G. N. conv. 8s
*75*
2d m. 8s 71
do
93
103% •Jackson Lans. & ^ag. 8s, 1st m 190
0 •• 0
100
Northeastern,
C.,
1st
S.
m.
8s..
43
Kansas Pac. 7s, g.,ext. M*N,’99
95
85
80
2d
do
m. 8s..
49
do
7b, g., I’d gr.,J*J,’80
95
97%
18
Orange & Alexandria, lsts, 6s. 85
do 7b, g.,
do M*S,’86
76
70
do
2ds,6s..
64
62
do 6s, gold, J.&D., 1896
55
45
do
8ds,88..
80
do 6s, do F.&A., 1895
82%
'to
40
do
4tlis,8s..
do 7s, Leaven, br.,’96.. 25
Rlcbm’d & Petersb’g 1st m. 7s. 104
do
5%
Incomes,
11
No.
118%
80
Rich. Fre’ksb’g & Poto. 6s
do
No. 16
do
do mort. 7s 95
do
4
do
Stock
...75
99%
»
Rich. & Danv. 1st consol. 6s... 73
Kalamazoo & South H. 8s, gr.t
100
96
Southwest
RR.,
Ga
,conv.7s,’86
82*
Kal.
Allegan. & G. R. 8s,gr...
106
90
88
S. Carolina RR. 1st m. 6s
97
43
39% Kansas City* Cameron iUs.M 93^
do
7s, 1902
78
73
Keokuk & Des Moines 1st 7s..
32
do
7s, non mort..
90
do
funded lnt. 8s 80
stock
do
.
do
pref. stock...
*25*
66%
Savannah & Char. 1st M.7s.... 20
Lake Sup. & Miss, let 7s, gold. *14
25
Charleston & Savan’h 6s, end 20
25
25%
Leav. Law. & Gal. 1st m., 10s..
99
97
West Alabama 2d m. 8s, guar..
6
Logans. Craw. & S. W. 8s, gld.
100
97
do
lstm.
8s
90
"si
Michigan Air Line 8s
*+ 85
Monticello & P. Jervis 7b, gld.
70
PAST DUE COUPONS.
70
Montclair
*
G.
L.lst
7s
94
45
35
20
Tennessee State coupons....,
do 2d m. Vs
95
75
60
South Carolina consol
Mo. K.& TeX. 1st 7a, g., l904-’06 58
30
do
2dm. Income.,
10
Virginia coupons
83
81
do
consol, coup
2
N. Haven Mlddlet’n & W. 7s.
35
30
Memphis
Tol. Peoria Sc Warsaw, E. D..
do
do
W. D.
89
do
do Bur. Dlv
do
do 2d mort.
do
do consol.7 s 20
L13
Tol.& Wabft9h.lstm. extend, 112
do
fex couDon....
94% 94%
.
Georgia 6b, 1878-’86
60
102
*9%
•
98
60
99
110
....
2d mort
Income, 7s.
IstCaron’t] j
no
20
90
7s, equip...
1*1*4*
Evansville Hen. & Nashv. ts... 32
117
Evansville, T. H. & Chic. 7s. g. •50
Flint & Pere M. 8s,Land grant. *78
ibo
Fort W., Jackson & Sag. 8s, *89
92% 93% Grand R.& lnd. 1st 7s, l.g., gu. ’90
75
do
J st 7 8,1. g., not gu.
93
40
do
1st ex 1. g. 7s.
53V* £5
Grand River Valley 8s, 1st m.. 50£2
Houb. & Texas C. 1st 7s, gold..
consol, bds..
do
105% 105%
86
87
Indlanap. & Vincen. 1st 7s, gr.. 68
87
87% Iowa Falls & Sioux C. 1st 7s... t80
do
consolidated...
do
2d do
do
1st Spring, dlv.
Paclflc Railroads—
do
18
40
101
100
years,
Dan. Urb. Bl. & P. lstm. 7b, g.
Des Moines* Ft. Dodge lBt7s.
Det. Hillsdale & In. RR. 8s ....
Detroit & Bay City 8s, end...*t
Det. Lans. & Lake M. 1st m. 8s
Dutchess & Columbia 7s
Denver Pac., 1st m.7s, ld.gr.,g.
Denver & Rio Grande 7s, gold.
....
Harlem, 1st mort. 7s,coup.,
do
7s, reg....
do
North Missouri, 1st mort
do
do
do
108%
4
•
104
105
Lake Shore Dlv. bonds
do
Cons. coup.. 1st. 108% 108%.
do
Cons, reg., 1st.,
97
’98
do
Cons, coup., 2d.
96
do
Cons, reg.,2d...
Marietta & Cln. 1st mort
104% »
Mich. Cent., consol. 7&, 1902...
112
do
1st m. 8s. :882, s.i
95
100
76
35
67%
101
102% Petersburg 6s
Richmond 6s
no
111
109% 110% Savennah 7s, old......
6
....
do
equipment bondt
New Jersey Southern lstm. 7
do
do
consol. 7
N. Y. Central 6s, 1883
do
68, 1887
do
6s, real estate.,
do
6s, subscription
do Sc Hudson, 1st in., cou
do
do
l8tm.,reg.
Hudson R. 7s, 2d m., s.f., 188
101% 101%
101*
•»
....
39
.
30
94
•••
.
STATES.
Alabama new consols, Claes A
do
do
Class B
109% Macon bonds, 7s.
Memphis bonds C
112
112
112
112
•
Southern Securities.
(Brokers' Quotations.)
Lynchburg 6s
60
93
27
101%
....
.
35
*81
87
t...
....
•
•
64
95
Sandusky Mans. & Newark 7s. 85
•95
St. Louis Vandalia & T. H. 1st.
do
2d, guar •65
St.L. & So’eastern 1st 7s, gold. 25
61
St. L. & I. Mt. (Ark. Br.)
g.
South. Cent, of N. Y. 7s, guar.
58
Union & Logansport 7s
58
Union Paclflc, So. branch, 6s,g
Walkill Valley 1st 7s, gold....
31
West Wisconsin 7s, gold.......
SO
Wisconsin Cent., 1st, 7s
Mercant. Trust real est. mort.7s 101
100% 101%
103%
8s.
'Tu5%
.
22%
do
io?‘4
Lake Shore—
103
Mich. So. 7 p. c. 2d mort
Mich S. & N. lnd., S.F., 7 p.c. 111
108
new bonds
103%
do
do
12
13
60 %'
do
lb
i‘o*
Sioux C^ty & Paclflc 6s
Southern Minn. 1st mort. 8s...
do
7s, 1st
Charleston stock 6s
Charleston. S. C., 7s,
63
90
75
63
01%
109
...'.
20
78
...
110% Augusta, Ga., 7s, bonds
3d S., do 8s...t no
*
101
101
107’
fc6
113
115
105
111
114
4th S., do 8a...t 110
5th 8., do 8s... t no
6th S., do 8s... t no
3. R. & N. (Mil.) g. 7s.... 23
••
*
ibb
i*09
103
*
107%
26
....
do
do
do
do
15
16
Columbia, S. C., 6s
RAILROADS.
m Sc P. Peak, 6.®, gold.
115*
Cleve. & Pitts., consol., s.f.
do
4th mort....
134'
Income. 102)4
Joliet Sc Chicago, 1st m. 107 |
La. * Mo., 1st m., guar..
j
95
95
+
92
+ 90
106
i 7-30s
t 105
City
‘,...t 98
r7s long
t 110
Water 7s, long...t 113
103
le*
109
113
109
102
108
j
96%
ioo‘%
109
7s, river lmprovem’t t 108
I 108
nd7», long
Water Works 7s
t 109% ii‘i%
....
98
85
1
1 108%
th City, 1880-95
do
1885-93
....
....
102
108
78, sewerage
7s, water
;;;;
.
MUcei’ous Stocks.
do
...
Union Paclflc, 1st mort. b’dsB 104%
104V*
do
Land grants, 7s 102%
94%
do
Sinking fund..
96%
Paclflc R. of Mo., 1st mort..
.
Cent.N. J.
do
do
do
...
114
t 110
j<
....
Central Paclflc
Chicago & Alton.
do
1*08
....
(Activeprevi'usly quot'd.)
Albany & Susquehanna...
112
J
extended
endorsed
do
do
do
2d mort., 7s, 1879
do
7s, 1883
do
3d
4th do
78, 1830
do
do
5th do
7s, 1888
do
7s, cons., mort., g’d bds..
do Long Dock bonds
Buff. N. Y. & E, 1st.m., 1877...
do
large bds. .
do
do
do
new bds, 1916
Han. & St. Jo., 8s, conv. mort.
Illinois Central—
do
do
new bds
Buffalo & Erie, new bonds...
Buffalo & State Line 7s
Kalamazoo & W. Pigeon, Isl
Det. Mon. & Tol.,lst 7s, 1906.
73
small.,
registered
CITIES.
104*
....
SO
30
30
57%
Miscellaneous List.
(Brokers' Quotations.)
92
Dubuque & Sioux City,1st m.
do
do
2d dlv.
Cedar F. & Minn., 1st mort.. *80*
Indlanap. Bl. & W., 1st mort...
do
2d mort...
do
40
30
30
30
40
40
30
60...,
Jan. &
92%
*
?s,
77
74)4
sink. fund.
do
do
1st eons, guar
Erie, 1st mort.,
105
108
do
Rens. & Saratoga. 1st coup.
1st
reglscd
Jq
lit. rprlm/d
!*
Ohio 6s, 1881
do 68,1886
Rhode Island 6s
South Carolina—
do
do
18
18
48
Special tax, Class 1
do
do
2d
3d
bonds...
IS
....
92%
7s, of 1871....
1st con. guar.
Del. & Hudson Canal, lstm.,*77
do
1884
do
do
do
1891
do
do coup. 7b, 1894
do
do
reg. 7,1894
17
17
87
67
48
1868
UO
....
103
do
do
class B.
do
do
class C.
South Pacific Railroad, 1st m
|
construction,
do
do
do
do
Funding act, 1866
92%
92%|
90
cp.gld.bds.
t
(
]
ICO
99%
1st mort... 107
do
do
do
reg.
...
....
consol..
do
do
32
25
21
98
95
60
25
25
20
17
95
91
Oswego & Rome 7s, guar ....
Peoria Pekin* J. 1st mort....
Peoria* Rock I. 7s, gold
:Port Huron & L. M. 7s, g. end.
Pullman Palace Car Co. stock.
do
bds., 8s, 4th serfes
Rockf. R. I. & St. L. 1st 7s, gld
100
107
10 3)4
6
"m
jOinaha & Southwestern RR. 8a
72
Illinois & So. Iowa, 1st mort
do
ex coupon
Han. & Cent. Missouri, lstm
Pekin Linc’ln & Dec’t’r.lst m
a#f f
N. Western sink. fund, 107%
do
lnt. bonds, 108
do
consol, bds 106
do
ext’n bds.. 103
Albany & Susq. 1st
do
.,
..A.&O....
do coup, off, J. & J..
do
do off, A. & O.
New bonds,
do
do
do
1. & D..
H. & D.
C. & M..
Morris Sc Essex, 1st. m
do
2d mort
do
bonds, 1900....
.
do
1st m.,
1st m.,
1st in.,
1st m.,
2d m
Peninsula 1st mort., conv..
—
6a, old. J. & J
do
A. & O
N.C. RR
J. & J....
94%
91%
74
63V*
Qulney & Toledo. 1st m.,’90..
do ex mat. & Nov.,’17,cou.
"96% *97*
lstm., I.& M.D.
93
~30
27
1
New Jersey & N. Y. 7b, gold...
N. Y. & Osw. Mid. 1st
2d 7s, conv.
do
do receiv’s ctfs. (labor)
do
do
(other)
North. Pac. 1st in. gld. 7 8-UK.
50%
do
Great Western, Isrm., 1888..
do
ex coupon.,
do
2d mort., ’93.
do Ex & Nov.,’77,coup.
2d m. 7 3-10. do
1st 7s, gd., H.D
I8t7s£
do
1st m., La C. D. io i
do
do
do
do
do
do
do
Chic. & Milwaukee, 1st mort 107
82
Winona & St. Peters, 1st m..
68
do
2d mort
109
C. C. C. & Ind’s 1st m. 7s, S. F.
do
consol, m. bonds
Del. Lack. Sc Western, 2d m... 105
do
do
7s, conv. 101
105
do
do
4?
114
do
reg. do
Iowa Midland, 1st mort. 8s...
Galena & Chicago Extended
53
81*56
32%
01%
Ex & Nov.,’77, coup,
equip’t bonds,
con. convert...
do
do
68
37
55
115
Oi
con. conv....
Lehigh & Wilkes B.con.guar
Am. Dock & Improve, bonds
Ch. Mil. & St. P. i st m. 8a, P.D
214
214
*4
Geqrgla 6b
do
do
77
Bid. As*.
N.J. Midland 1st 7s, gold,
do
2d 7b.
73
82
68
72%
be.
mag
8SOUBITIK8.
82V*
2<t inorr.
do
.
Chic., Rk.Isl. & Pac.,l8tm. 7s 106% 107%
do
S. F. Inc. 6s, ’95
105%j
do
6s, 1917, coupon, To5
do
6s, 1917, regiet’d 105% 106
Central of N. J., 1st m., new... 109% 110%
67
6S%i
do
do
1st consol
10
Connecticut 6s
....
value, whatever the par
Bid. Ask.
8BCUBITIKS.
1
Tol.
&Waba8h, Istin.St.L. dlv.
do • ' ex-matured coup.
116
__
20
20
Prices represent the per cent
Ask.
Bid.
BKCUBITIK8.
YORK.
BONDS IN NEW
QUOTATIONS OF STOCKS AND
Bonds andactive Railroad Stocks are quoted on a previous page.
SXOtTBITLXS.
fVoL. XXV.
City Coupons....
*
Price nominal,
t And accrued interest
.
* Price
nominal.
..
*86%
THE CHRONICLE
<*> ®
Capital.
COMPANIES.
.
3 V
Marked thus (•)
Amount
3,000,001 1,666,000 J. & J.
5.000,00( 1,502,600 M.&N.
250 000
224,800 J. & J.
150,000
3.900
1,000,000 1,238,000 J &J.
200,000
83,800 M. & S.
500,000
142,’00 J. & J.
...
...
Merchants’ Ex
Metropolis*
Metropolitan
Murra'y Hill*
450,000
800,000
fi.'in one
l.oooiooo
1,250,000
1, 'NX) 000
1,000,000
350,000
200,000
a
150,000
63,000
100,001
500.(XX
128,000
624.700
750,000
600,000
500,000
1*000 OOP
4\ll)C
...
10
4
4
14
10
63,600 J. & J.
170,(00 J. & J.
12,600 M.&S.
500,(XX 1,849.700 J. & J.
8,000,000
1,000,000
500,000
3.000,001'
2U0,00(
135.200 J. & J.
15,800
436,400 J.& J. 12
1*147,400 PY& A 10
7
9,400 J. & J.
68,000 J. & J. 10
9
401,700 J. & J.
1.074,600 J. & J. 10
6
84,000 d.&N.
323.200 M.&N. 10
234,700 (I.&N.
8
916,600 J. & J.
8
233.-.00 J. & J.
8
35,900 J. & J.
7X
991,00) J. & J. 10
5,600 A.& O.
8
70,100 d.&N.
8
759,000 J.& J. 10
97.500 J. & J. 114
78 500
7)4
62,000 J. & J.
80,600
145,0.0 J. & J.
227,300 Q-F.
,.
40
50
1,000,(MX
1,500,000
100
200,000
472,100 J. & J.
162, eOO J. & J.
196,100 J. & J.
16,300
219 S00 ?.&A.
150.200 T.&A.
51.000 J.& J.
TS.oOO J. & J.
2 6.400 J. & J.
39,000 J. & J
183.'00 M.& N.
13,800 J. & J
178.600 J. & J.
448,100 J. & J.
4
8
12
12
12
10
7
6
14
12
5
8 ',600
1. & J.
•
•
Atlantic
102
Bowery
.
•
•
••
•
•
91
•
••
....
•
•••
....
•
...
•
•
•••
•
•
...
....
....
•
•
•
••
84
M*.
•
•
•
•
•••
....
.
210
...
•
•
•
•
....
•
•
•
•
•
•••
•
•••
....
31
•...
25
20
100)
50
20
50
100
Citizens’Gas Co (Bklyu)
do
certificates
Harlem.
Jersey City & Hoboken.
Manhattan.
Metropolitan.
do
do
certificates.
bonds
var
1009
IOC
1000
Mutual, N. Y.
do
bonds.
Nassau, Brooklyn
do
f
25
..
scrip...
New York
var
100
10
10CC
“People’s (Brooklyn)
-1
do
do
do
do
bond«.
certificates... |
Central of New York
Williamsburg
do
var
50
50
scrip
var
Metropolitan, Brooklyn
ICC
:«'(>
Municipal
.
•
•
•
• ••1
....
....
....
Broadway dk Seventh Ave—stk..
1st mortgage
Brooklyn City—stock
mortgage
Broadway (Brooklyn)—stock...
Brooklyn dk Hunter's Pt—stock.
1st mortgage bonds
Bushwtck Av. (B'klyn)—stock..
Ventral Pk, N. <i E. River—stk.
Consolidated mortgage bonus.
Dry Dock, E. B. dk Battery—stk.
1st mortgage,
cons’d
Ferry—stock
Central Cross rlown- stock.
1st mortgage
...
Houston,West st.dkPav.F'y—stk.
1st mortgage
Second Avenue—stock
1st mortgage
Sd mortgage
Cons. Convertible
Extension
Sixth Avenue- stock
1st mortgage
Third Avernue—stock
1st mortgage
Twenty-third Street—Hoot.
1st mortgage
*
This olumn shows
100
1000
100
1000
:o
1000
100
100
1000
100
100
1000
100
5C0 &C
Eighth Avenue—stock
1st mortgage
l2dSt. dk Grand St
1st mortgage
Kagle
Empire City.
,
Emporium
I
Exchange
Farragut
•
ISO
Guaranty
...
•
....
....
• •
....
...
....
•
•
•
•
...
•
•
•
•
•
....
....
i0*X
....
...
15
Hope...
•*••••
Importers’* Trad..
Irving
Kinga0Co-(B’klyu)
•
•••
...
lOIX
....
*
....
....
•••
....
Aug.13.ir2X
....
•
•
.
••
....
.
•
•.
....
r
....
’74.2>4g
....
•
•
•
-
....
...
Juiy 2.’77.. 3
July 2.’77.. .4
May l,’77 ..4 137
tuly 2. *77. .4
g^Isiand
Lon
(Bkly.) |
Loriuard
.
Manuf & Builders .|
Manhattan....
Mech.&Trad ra
.....
•
....
Mechanlcs’(Bklyn) |
70
....
....
....
Y.Equitable....
&ew
York Fire
N Y. & Boston
New York City....
...
...
Niagara.
North Elver
Pacific
Park
Peter Cooper.
People’s
...
...........
Phenix (B’klyn) •
Produce Exchange!
Belief..
Republic
Resolute...
Ridgewood
Rutgers’..
Safeguard
...
200,000
8, COO, 000
150,000
500,000
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
800,000
Askd
*
Sterling...
2,000,000
1.200,000
Var.
Var.
5
4
’77
Jan..
’77
3* April. ’77.
3* Aug.l ’77.
320.000 A.&O.
1,850,000 F.&A.
386,000 J.& J.
5
5
5
4,000,000 J.&J.
2,500,000 M.&
1,000,000
500,000
5,000,'00
July 2
S
M. & S
J.& J.
July 1 ’77
July, ’77
Feb., •77.
3*
3*
Q.nar.
2*
1 000,000 J.& J.
3*g
Var
1,000.000
3
700,000 M.&N. 3*
5
M.&N.
4,000,000
1,000,000 J. & J. 3*
325,000 F.&A.
Feb.. ’77.
Apr., ’77.
Aug., ’c2.
Jan., *77.
May I ’77.
M<iy 1, ’77.
76
Jan.,
3*
300.000 J/& J.
466,000 F.& A.
1,000,000 Quar,
Jan., ’77.
Aug.l ’77.
July, ’77.
Jan., ’17.
2% May 20 .’77
3*
3*
2X
3*
1
000,000 J. & J.
l.CKX 0( M.&N.
1,5(0,0 0
163
72
9.
95
175
78
1(0
ICO
171
100
131
93
1<7
100
no
95
103
76
95
,
100
1000
100
1000
100
1000
100
500
100
1000
1000
1000
500 &o
100
1000
.
100
1000
100
10(0
900,000
,
95
75
87*
115
f9
b7*
75
694,000 J. & J.
2,100,000 J. & J.
•
ISO
45
93
85
95
121
102
72
85
3
3
7
400,000 A. & O.
300,000 J. & J.
600,000
1,800,000 J. & J.
1,200.000 J.&D.
1,200,000 Q-F.
900.000 J.&D
*•••••••
•
J.& J.
203,000 J. & J.
748,000 M.&N.
236,000 A.&O.
1,199,500
2*0,000
150,000
770,000
200,000
750,000
415,000
2,000,000
2 000,000
'600,000
Q.-F.
J.&D.
A.&O.
M.&N.
A.& 4).
M.&N.
J.&.T.
Q—F.
J. & J.
J & J.
250.000 MAN.
•
Apl
’77
Oct-,
•76
1888
•
•
.
6
Jan
7
5
7
Jan.,
.
’77
,
’84
*77
’93
May.
April.
’
.
7
*
* ♦ *
7
2
7
7
7
7
5
7
5
7
4
7
......
...
62*
40
ast dividend on stocks but the date of
-
-
-
.
.
.
200,000
none
22.630
500,391
132,714
600 .(XX)
350,000
200,000
200,000
150,000
150,000
io
....
10
9)4 11
5
1(1
93.981
219.133
200,000
?on non
200,000
200,000
200,000
150,000
250,000
300,000
250,000
•
10
10
23
10
11
14
30
20
10
20
70
25
16
20
•20
•
a
......
•
•
+
w f
......
•
217
2 tO
190
203
165
135
Aug‘77.7*i4
July. ’77..8
July, ’77. .5
Jan., ’77..5
July, *77.10
July,77.63) 137
Oct., ’77.10
July, *77 .7 115
Jan., ’77 .3
Aug., ’77* 5 M3
*•••••
••••••
..
..
70
......
•••
■»•“***
225
.....>
••••••
July,’77.7)4
125
110
65
110
July, ’77. .6
July, ’T7..5
July, ’77. .6
•
10
•20
10
10
10
10
12
12
10
10
•20
10
20
190
•
„
-
Aug..’76..5
July. *77..5
-
1*
♦ -
...
•
•
•
no
-
70
115
..
110
July,’77.15
180
July.*77..10 123
July, ’77.10 275
Jan., ’77..5
July. ’77..5 80
July,*77..10
July, *77. 5 120
July, ’77..5 67
July,’77..5
July ’77. .5
July,’77...6 lie
July,’77..6 105
July,’77. .5
800
60
m
155
,.M
tf
125
#5
103
90
65
92
SeDt.,’77..fi
July. ’77.10 iio
July, *77..5 ICO
July, *77.10 140
July,’77. .5 100
July, ’77. .5 95
July, ’77.10 150
85
July, ’77. .5
July, ’77..6 ISO
-July. *77.10 180
July, ’77.10 170
July, *77,10 lfiO
160
July,’77. .5
July, ’77.10
190
105
155
*••••>1
102
95
140
140
192X
95.
95
150
130
Junc,’77..8
July. '77.10
July, ’77. .6
•
120
75
118
no
140
....
.
July, ’77.10
Aug ,*77..7
»•••••
120
195
K0
180
135
50
+ 70.106
8,270
200^000
ir.0,530
53,560
16S/250
151.386
77.457
156,263
192,769
251,537
201.454
406.550
.
,
t
,
20
5
10
6
5
1
10
13
10
14
10
10
iuv*uv*iub
10
20
10
10
10
12
30
•20
29
20
20
July, ’77.
.5
iio
July, ’77..6
Oct., *77..5
July, ’77.lt
July. ’77.10
July.’77.10
July, 77..8
July, *77.10
9)4 Jan.,’77 3)4
10
July, ’77. 5
10
July, ’7?..5
10
July, 76..5
11
13
July, ’77. .5
•20
25
Aug., 77.10
12)4 15)4 July, ’77..8
11
10
15
10
10
16
10
14
10
12
116
10
Aug..’77. .5
t
July,*77,6*23
12)4 15
10
20
20
16
10
20
1
10
20
25
16
10
20
.
200
125
180
••••»)
195
'•••••
157)4
150.
»7
95
83
60
105
180
165
120
••••*«
100
120
July,’77.7)4
Aug.,’77. .5
July, 77. S
July, ’77. 9
July,’77..b
f
140
150
150
1<5
195
Aug., ’77.5
July. *77.10
~y
SO
115
118
240
.
»
^
1*30
f
100
160
157
*
«»••••
200
r-
City Securities.
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
Interest.
Price
Bondsdue.
Rate.
York:
Water stock
do
do
do
do
'
do
do
..1853-65.
Dock bonds
1870.
do
lb?5.
May & November,
do
do
do
do
do
....1869.
Consolidated bonds
var.
Street imp. stock’
do
do
New Consolidated..
Westchester Countv
var.
var.
do
Water loan.
City bonds
6
7
January & July,
do
do
do
do
no
do
do
do
do
do
do
do
May & November.
'iO
6
do
January a July.
6
6
Bridge
•All Brooklyn
do
.ir.. trotter,
t.
7
7
7
7
7
6
do
do
do
do
do
January & July,
3g.
•
do
do
Feb.,May, Ang.& Nov.
1865-68.
do
do
do
do
do
May & November.
Improvement stock.... 1869
do
Payable.
May & November.
Feb., May Aug.& Nov.
pipes and mains...
repervoir bonds
Central Paik bonds. .1853-57.
do
do
ao
Months
Feb., May Aug.& Nov.
1841-63.
do
1854-57.
Croton water stock..1845-51.
do
do
..1852-60.
Croton Aqued’ct stock.1865,
do
do
Park bonds
do
do
Bid. lAskd
1877-80
1877-79
1890
1883-90
1884-1911
1884-1900
1907-11
1877-98
1877-95
1901
1905
1878
1894-97
1889
1879-90
1901
1888
1879-82
1896
1894
100
103
103
US
1u
106
100
100
118
106
101
118
104
105
110
102*
104*
1(0
106
102
102
104
105
106
118
107
ICO*
107
119
107
102
119
105
117
112
105
108
111
107
enlist.
1878-80
1881-95
1915-24
1903
1915
1902-1905
1881-95
[ 880-83
1880
1924
907-1919
112
104
116
116
116
106
W)1
110
t03
107
106
bonds flat
[Quotations by C.
Jersey cttyWater loan, long..
do
Sewerage bonds
maturity of bonds.
-
20
18
122,215
869 316
13,291
83,587
200.000
200,000
200,000
Kings Co. bonds
IU5
*
12
20
18
219.330 20
200,000
300,000
Bridge bonds
100
*
410.076
139.085
1.000.000
8 i
do
Park bonds
Water loan bonds
.
10
15
7
10
10
20
10
5
7
20
20
125.411
200|000
[Quotations nv >.
50
9J
12
85
July.1894
’77
x70
April,
Dec., ’77 100
April, ’c5 98
95
May, ’88
Oct., ’83
’77
i75"
May,
July,1890 l')5
Aug., ’77 135
1 July,1890 100
IFeb , 6 1
97
'Mav. ’93 100
132,7T2
65,715
191,002
•
10
159,503 10
•
10
10
so
20
40
•
•
10
5
•
•
19
11
m
61,099 7
+ 117.568 10
204,836 10
65,593 20
•
71
50
1(5
•July,*??.. 10
10
20
15
15
10
12
55
10
10
12
30
20
20
20
15
5
10
10
10
,
....
110.327
.
•
75
100
150
135
100
Jnly.’77..1C
14
10
10
10
10
10
12
20
20
20
18
.
188,366
109,4 IS
+157,018
•
10
20
10
10
10
10
12
12
13
10
20
20
20
10
10
16
10
10
14
30
10
10
>0
20
20
12
20
20
,
73.175
..
Askd
70
Aug. ,’77.10
t
19
10
12
10
10
10
15
50
July. ’77 .5
July, ’77..7
July, ’77. .8
July, '1i. .5
Jan., ’77. .4
Jan., *71. .5
Juiy, ’77. .5
Juno,’77.10
Feb.,’77..5
30
12*
10
20
!0
10
10
10
10
15
7
10
20
20
10
10
10
13
10
10
10
20
10
10
17
20
20
10
20
20
142,297 20
509,994 10
105.6*6
*
1,002.784
40,293
182,034
Brooklyn-LocAl lmpr’em’i—
City bonds
....
Nov.,1504
....
a
.
•
29
11,184
57,663
200 000
uauumcD,
••
5
4
317,639
too
100
60
25
25
100
20
50
50
100
50
100
100
100
25
•
691,800 10
185.012 12)4
20(5,000
200,000
200,000
200,000
200,000
210,000
9-80
30
14
10
15
....
651,837
815.907
5
20
30
20
20
20
10
10
20
....
none
200,000
150,000
30
Bid.
re-tresented by scrip is deducted, and the figures stand as actual net surplus.
% Continental, 11*45; Standard, 11 *55.
92*
80
too
155
100
115
105
6,078
133,145
155,156
103,464
16,653
96,000
1,846
250,000
Floating debt stock.... 1860.
190
510,165
111.005
35
100
Market stock
90
*2)4 Jan., ’77
7
Dec ,1S02
2
Feb., ’77
7
June, ’93
1,000,000
600,000
200,000 M.&N.
250,CC0
500,000 J. & J.
3
7
July, 1900 S8
3* Jan., ’77 x73
7
June,1884 100
3* May, ’77
7
Nov., ’80 104
1,500,000 J.&D.
2,000,000 Q-F.
300,000 M.&N.
200,0G0 Q-J.
an
V/YCi
do
*
*+*«,,*,
WeBtchester
103
103
93
106
to
100
123
,
United States
+785,290
185.46 S
293,653
10
....
160.326
229,503
128,169
841,235
260.544
25
50
100
100
25
25
25 !
10
50
Star
192,160
172,151
12,207
13,376
200,000
10Q
St. Nicholas....
Standard
Bid.
150,000
500,000
50
50
100
25
50
50
10C'
80
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
Mercantile
Merchants
Montauk (B klyn).
Nassau (B’klyn)...|
Notional.......
37)4
N
t339,0)9
2ue.cx;o
10
8
10
,1*
.
10
25
15
10
8
10
’0
20
10
20
20
23
20
20
10
10
25
15
...
209,251
150;000
•
|w
10
10
20
5
20
20
20
30
10)4 17
14)4 20
17
10
10
5
10
5
13
8)4 10
20
30
10
10
10
10
:o
10
10
13
5
10
10
10
306,910
200,000
200,010
200,000
204,000
150,000
•
5
10
20
28;S06
200;000
200,000
1,000,000
500,000
200,000
200,000
200,000
200,000
•
103,863
411,986
200,000
153,000
300,000
210,000
250,000
300,000
.
•
Date.
200,000
300,000
200.OCX)
200,000
1,000,000
300,000
.
.
90
U4>* U7)4
....
Rate.
200.000
10
10
14
10
3)4
PRICE.
1876 Last Paid.
1874jl875
14
10
77.195
5,245
10,451
200;000
100
I 100
Guardian
Hamilton
Hanover
Hoffman
Home
•••
131
....
July 2. ’77...5
July 2, ’77...5
Ju y 2, ’77.. .3
May 10.’<7 3)4
9
200,000
200,000
Firemen’s
Firemen s Fund....
Firemen’s Trust...]
Franklin
Gebhard.
100
German-American I, 100
Germania
50
Globe.....
50
Greenwich
25
Lamar..
...
...
[Quotations by H. L. Grant, Broker. 145 Broadway.]
Bteecker St.dk FultonFerry—stk.
1st mortgage
1st
....
Howard
..
Aug.6.*77..1
Jan.2
100
100
20
50
25
100
25
50,1(6
1269,323
.
...
•
8
40,850
200,000
400.000
1
Brooklyn Gas Light Co
......
Commerce Fire.
Commercial
....
....
....
Jan. 2.’77...3
Par Amount. Period
•
....
•••
Clinton
Columbia..
....
8
6
12
11
8
200,000
50
20
70
100
30
100
50
100
40
100
100
80
50
17
10
10
Continental.
•
.
Gas and City Railroad Stocks and Bonds,
[Gas Quotations by George H. Prentiss, Broker, 30 Broad Street. 1
Gas Companies.
«
«...
....
....
9
•
•
Citizens’
City
...
.4 133
3* Jan. 3, ’76.334
10
July 2,’77...5
)Ct. i,*75. .4
6* day 10,*77 ..8
10
July 2,’77.3>4
4
Jan. 1,’77...4
3H Aug. 1, ’77..4
6
Jau.2,77.. 3
7
July 5,’77 ..3
July 1,’74.8)4
12
July 2, ’77...6
12
Aug 1. 17... 3
10
July 2,*77...8
10
July. 2.’77...5
7
July 2, ’77...3
Joly.lS’74.3)4
8
.
....
July 2,
July 2,
May 1, ’77.2 H
May 1,’TT ..4
ICO
May 1, ’77. .8 93
July 2. *77 3 y 117)4
97
July 2,’77...3
8
10
•
128
*77.3)4 104
’77...4 132
8
8
10
10
•
...
•
Jan. 3, *76...5
10
3
9
3
Broadway
....
93
Lib
Julyl,’75..3>4
8
.
....
....
lulv 2, *77...4
July 2, ’77.3(4
July 2. ’77..!6
5
Arctic
....
....
Aug. 1,T7. ..5 125
July 10,’76.. 2
July 2, ’77...3
Ju.yll, '76 ,..3
Apr. 2,77.2)4
Aug.i0.*77.
Amity..
•
1373
1877.*
25
100
Brooklyn
Mch.1,’75.,4
12
9
•
120
....
July 2, *77... 7 202
14
10
.
749, '00 M.&N.
••
•
a
Jan. 2, *77.. .3
July 2, ’77.3>4
4
8
*77
••*••••••••>•«
8
3
-
118,50) J. & J.
•
....
July l. 77...8
7)4 July 2, ’77...3
10
May 1,’77...5
"IX Oct. 10,’77.3*
Feb.1,’74 8
6
May 11, *77!
7
May 2, *77...6
3
May 1, *77..4
10
8
300.000
000,000
100,000
•
12
8
•
•
Jan. 6. *76...3
JH
6 «
12
May.
...
-
....
2,000
.
West side*
Q-j.
8
53.F00 May,
18,600 M.&N. 100
l00,ln 0
3
10
•
....
May 1, ’77...5
July 16,’77..8
7
•
Adriatic
A£tna.
American
American Exch’e.
..
.
Dividends.
Par Amount. 1 Jan. l,
1
....
...
■77...J
*77.. .4 100
*77... 4
*77 .15
Julva
....
200,00(
200,000
100,000
*500.000
July 2,
July 2,
July 2,
July 2,
10
698,900 A.& O.
4U 600 F & A.
’200,000
1
10
8
10
100
8
20
Q-J.
920,600 J. & J.
4S0,;00 M.&N.
July 2, *77..8
Sept.l ’75. .5
....
..
1
1
•
63
'
5,000,000
100,000
Nassau*
1,000,000
New York
8.000,000
New York County
200,000
N.Y. Nat.Exch...
300,OG0
Ninth
1.500,000
North America*...
1,000,000
North River*
son noo
*50
Oriental*
25
300,000
Pacific*
50
422.706
Park
too 2,000,000
Peoples*
25
412,500
Phenix
20 1,000,000
Produce*
100
250,000
Republic
100 1,500,OCX1
8t. Nicholas
100 1,000,000
Seventh Ward...
100
300,000
Second
100
300,000
Shoe and Leather. 100 1,000,000
Sixth
200 000
State of N.Y...
100
800,000
Tenth
100
600,OCX'
Third
100 1,000,000
Tradesmen's
Onion....i...
....
.....
....
S3
Ask,
July 2,*77...1 132X
May 1,*77.. 8
July42, '77.. 6
>7
12
12
24
10
10
8
421,700 J. & J.
214,700 J.& J. 10
3,172,890 Bi-m’ly 100
9
1"6 000 J & J
20
1.511,000 Q-F
8
3,270,200 J. & J.
10,100 J. & J.
8
183,8X1 J. & J.
621.8UC F.&A. 10
3
J. & J.
8
79,00' J. & J.
7
IP,'00 J. & J.
2,000,00C
100
600i000
Manhattan*
50 2.050.0(A)
Manuf. & Merch*.. 6U
199.000
Marine
10)
400,000
Market
100 1.000,000
Mechanics
25 2.000,000
Mech. Bkg Asso... 50
500,000
Mechanics & Trad. 25
600,000
Mercantile
100 1,000,000
50
50
100
100
100
too
100
100
100
100
100
"9
10
8
Companies.
Bid
Last Paid.
”
Leather Manuf....
.Merchants
f1876.
Period 1875.
Vi as
INkt sue
plus,
Capital.
•3— al
100
American Excli.. 10C
100
Bowery....
Brewers’ & GroV* 100
25
Broadway
10
Bull’s Head*
25
Batchers & Drcv..
100
Central
25
Chatham
100
Chemical
‘>5
100
City
...
100
Commerce...... .
100
Commercial*
lOO
Continental
Com Exchange*.. 100
100
Dry Goods*
25
Hast River
Eleventh Ward*.. 25
100
Fifth
Fifth Avenue*.... 100
100
First
100
Fourth
30
Fulton
50
Gallatin
.100
100
Her. Exchange*...
100
Germania*
25
Greenwich*
25
40
Grocers*
Hanover
100
Harlem*
100
Import. & Traders’ too
Irving
50
Island City*. . . . 50
America*
Prick.
<v
•*«<!
not National.
are
Dividends.
m
|
Zabr’i^kik.
.........
1869-71
1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds
1868-69.
6
7
7
7
7
7
47 Montgomery St., Jersey City.]
Jannary & July.
January & Juiy.
do
do
Jan., May, July & Nov.
J. & J. and J & D.
January and Julv.
1895
1899-1902
1877-79
1891
1905
1900
101)4
110
100
109
110
105
102)4
111
101
no
111
106
THE CHRONICLE.
332
With the rates of 1876 and tonnage of 1877 the earnings from
freight for 1877 would have been $5,306,983, an increase of
$889,707, or compared with amount actually earned in 1877, an
increase of $1,148,096.
3 nuestmenfa
AND
STATE, CITY AND CORPORATION FINANCES.
PASSENGER
Supplement” is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
The “ Investors’
subscribers.
STATISTICS.
1876.
No.
passengers—local
do
through...
Total No. passcnzers
Total paes'gers moved
Earnings
1877.
1,374,105
152,331
1,265,879
184,257
1,450,136
1,526,436
1 mile 86,847,889
93,830,515
mile. *02 46-10i)c. ' *02 16-lOUc.
per pass, per
Increase. Decrease.
108,266
31,926
76,300
6,982] 626
*00
May 31, 1877—
Operating expenses
REPORTS.
Michigan Central Railroad.
(For the year ending May 31, 1877.)
The annual report, just issued, contains the information given
Extracts from the report of Mr. Samuel Sloan, the
below.
President, are given at some length, and possibly the readers of
the Chronicle may appreciate them more from the fact that
they have seldom or never read any report with Mr. Sloan's name
attached. Among the railroad kings of the country there is
none
whose name has less
frequently appeared in print on
annual reports or financial exhibits.
The leased and branch lines, not including Air-Line, are 416
miles in length, making a total of 803 miles operated.
This
extent of line has not been changed for the last five years.
The gross traffic for the year ending May 31st, i877, derived
from—
Freight
Passengers
1877.
1876.
$4,158,887
2,026.205
92,487
$1,417,275
2,138,233
108,413
139,065
47,953
$6,493,126
$6,850,964
Mail
94.220
126,266
Express
Miscellaneous.
Total
31st May, 1877,
(which include $100,000 for taxes, properly belonging to the pre¬
vious year), were, for 1877, $4,706,442; for 1876, $4,802,902.
The
actual decrease in expenses is $196,469. The net earnings of the
present year above all expenses of operation and taxes were
$1,791,684, while in the year before they were $2,048,061, show¬
ing a decrease during the past year in the net earnings of the
property of $256,377.
Your directors have endeavored to
examine
the
causes
which
"have so largely reduced the income of this property, and have
caused a statement to be prepared of the tonnage of the entire
line moved in each year for six years (differing somewhat from
previous reports, which confined the statement of freight traffic
tonnage moved upon the main line only), from 1872 to
1877, inclusive, and the gross earnings from it, the expenses for
each year, and the average rate per ton per mile, which is as
to the
follows:
Tonnage.
Earnings
freight.
from
1,706,964
999,671
1
2,186,7.-6
2,375,496
2,686,248
3,056,38i
$4,096,198
4,652,873
4,908,961
4,447,838
4,417,275
4,158,887
Rate per ton
per mile.
1'5G cents.
1-57
i-2y
1 16
“
“
“
112
0 88
“
“
taxes.$4,706,442
Interest on funded debt—
Main line
$769,440
Leased lines
678,200
Total..:
Rental Leased lines
Balance
1,447,640
184,230
June 1, 1876Balance from previous
Earnings—
Freight
Passenger
Mail...l
Express
year..$2,247,997
$4,158,887
2,026,265
94,220
126,266
Miscellaneous...
92,457
2,553,403
Total
$6,498,126
$8,691,715 I Interest and dividends from
I investments
145,591
$8,891,715
CONDENSED BALANCE
Construction account
*Construct’u acct.—Br’chs.
Sundry securities
Equipment-bond trustees..
Detroit & Bay City RR....
$2^,285,746
4,630,229
720,578
545,245
248,831
'
Sundry accounts
Cash—in New York & Det.
Capital stock
$13,738,204
4.'.;
Bond accounts—
229,035
12,018
107,560
$34,859,820
$34,889,820
97,840
12,733
Sleeping Car Co. stock
Material account
SHEET.
Mortgage loan. $556,000
1st sink’g fund. 1,508,000
2d sink’g fund.
671,000
Equipment
556,000
Consolidated... 8,000,000
Air-Line
1,900,000—13,191,000
Income account
2,553,403
Bills payable:
407,213
Chic.& Mich. L. Shore RR.
*
Of this amount, about $1,900,COO were
secured by mortgage on that road.
A decrease in the gross earnings of $352,837.
The operating expenses for this last year to
proceeds of the Air-Line bonds
Louisville & Nashville Railroad.
(For the year ending June 30, 1877.)
From the
earliest copy
of annual report in the Louisville
Unfortunate¬
ly, a large part of the figure work is so badly printed as to be
illegible, and for the balance sheet we must wait the issue of the
company's pamphlet report:
Courier-Journal the following extracts are taken.
The bonded debt, as per
last report,
$76,555,710
1,000
was
City of Louisville bond sold this year
$16,556,710
Redeemed Memphis & Ohio Railroad income bond
Paid to sinking fund in consolidated mortgage bonds
Paid to Sinking Fund
ville Mortgage bonds
In this is included
$500
39,0d0
in Memphis Clarksville & Louis¬
32,980—
72,480
$16,184,330
city of Louisville bonds without mort¬
850,000
gage
Tot. expenses
of operation.
•
$4,447,803
4,989.955
5.523,642
5,068.097
4,802,902
4,700,422
The
large increase of
rapid decrease in the
gross tonnage will be noted as well as
the
average rate.
The separate traffic of
the branch lines has increased from 470,651 tons moved in 1872,
to 927,287 tons moved in the last year.
This is local traffic, and
in that period of time has nearly doubled.
The average rate of
freight upon all the tonnage of the line in 1873 was i*57 cents
per ton per mile; in 1877 the average rate upon all freight was
88-100 of a cent, being slightly more than tone-half the rate
obtained five years previously.
There is no possible economy of expenditure, in the opinion of
this Board, which will meet this case, and your directors state
$15,634,230
Showing a reduction during the year in the mortgage debt
of the main stem and branches of.
72,480
W9 have also reduced the bonded debt of the Nashville & De¬
catur Railroad Company by the payment of twenty-one of its
first mortgage bonds into the sinking fund, and the bonded debt
of the South and North Alabama Railroad Company by the pur¬
chase of $G5,000 of its sterling bonds for the sinking fund.
The net
earnings of the Louisville and Nashville Railroad
Company for the past year were
The interest
on
the boi.ded and
floating debt of
Showing surplus earnings
1875-76 the surplus earnings
In the year
An increase of
$1,675,840
1,025,903
same
$649,937
340,520
were.
surplus earnings this year
over
$309,416
last of
The
following table shows a comparison of the gross earnings,
operatip.g expenses and net earnings of the different lines operated
by this company for the past five years:
frankly their opinion, that the trunk lines leading from New
York, Baltimore and Philadelphia to th9 West have pursued an
Main Stem and Branches (346 miles).%
erroneous policy; and that a return to dividends will only be reached
1872-3.
1873-4.
1874-5.
1875-6.
by wiser co-operation with each other, establishing rates for their Cross earnings
$3,177,574 $2,864,611 $2,575,034 $2,498,505
freight traffic upon business principles, and rejecting traffic which Ope:at’g expenses. 2,135,866
1,866,465
1,386,710
1,573,368
leaves no margin for profit.
Net earnings... $1,041,708
$988,145 $1,001,716 $1,111,794
While the operations of the line the past year have afforded no
C. & L. and M. & O. (259*10 miles).
Line—M.
Memphis
surplus for a dividend to the shareholders, the directors wish to
1872-3.
1813-4.
1875-6.
1874-5.
call attention to the fact that the floating debt, which was
Gross earnings...
$1,731,851
$1,4 7,932 $1,119,359 $1,139,424
$1,200,000 on the 1st June, 1875, and $700,000 on the 1st June, Operat’g expenses. 1.362,436
793,400
1,076,8J4
819,139
1876, has been steadily diminishing. The actual debt June 1st,
Net earnings...
$369 415
$331,037
$346,024
$ 100,220
less the cash on hand applicable to pay upon it, was $299,671.
Glasgow Branch—Leased 110-50 miles).
There has been some still further reduction, till now, with
1872-3.
1875 6.
1873-4.
1874-5.
cash assets on hand to meet it, it may be considered as practically
Gross earnings
$17,950
$18,930
$16,456
$19,850
All extinguished.
12,250
12,943
12,710
Operat g expenses.
11,604
Since the last report the Board has succeeded in completing an
Net earn Dgs...
$4,206
$5,007
$3,219
$8,246
arrangement with the Jackson Lansing & Saginaw Railroad Com¬
A. & D. RR.- Leased (122-30 miles).
pany, whose road is leased to this Company, by which the entire
1675-6.
1872-3.
1873-4.
1874-5.
net proceeds of the land grant, amounting to about 500,000 acres,
Gross earnings
$•31,780
$695,046
$667,945
$594,657
and all the proceeds of land sold, amounting to about
$300,000, Operat’g expenses.
382.074
585,887
383,442
523,546
.and yet to be paid, will be applied to extinguish
the bonds of
that company, for which by the terms of the lease this
Net earnings...
$109,153
$144,399
$2C6,215
$249,705
company
was liable.
S. & N. Alabama RR. (183 miles).
This arrangement will diminish the amount of rent,
1875-6.
*1872-3.
1873-4.
1874-5. *
payable in the form of interest annually, by the full amount
Gross earnings
$675,323
$483,628
$561,275
$554,921
realized in each year from the lands. Daring the last
year there Operat’g expenses.
465,695
419,092
524,870
389,186
have been paid and cancelled $140,000 of bonds.
1876—7.+
$2,700,499
1,374.810
$1,325,689
1876-7.
$1,159,457
809,306
$350,151
1876-7.
-
FREIGHT STATISTICS.
18 6.
No. Of tons—local
1,592 605
do
through.... 1,093,643
Total tons hauled.
2,686,248
Tons moved 1 mile
396,046,422
Earn’gs per ton per mile. 01 12-lOCc.
ii
30-iobc.
INCOME ACCOUNT.
ANNUAL
1872
1873
1874
1875
1876
1S77
[Vol. XXV.
....
1877.
1,710,739
1,345,647
3,056,386
473,837,807
*00 88-lC0c
Net
Increase.
Decrease.
earnings...loss.$41,242 gain$95,579
$165,734
77,791,385
uary
*00 24-lOOc.
13,117
$3,978
1876-7.
$679,591
416,746
$262,84$
1876-7.
$758,682
560,825
$197,856
$256,230
* The South & North Alabama Railroad was
operated only nine
this year.
+ In this is included the C'ecilian branch, 45'54 miles, operated
113,134
252,004
370,133
$•7,096
19, 1377.
X The total length of main stem and branches is now 391*54
months of
since Jan¬
miles.
October
THE CHRONICLE
6, 1877.]
Total of all roads (920 90 miles)*
1873-4.
1874-5.
1872-3.
Gross earnings
1875-6.
1876-7.
$6,106,051
4,622,004
$5,5*0,695
3,945,313
$4,8(*3,8<3
$4,961,490
3,181,740
$5,315,326
2,993,530
3,174,806
Net earnings... $1,484,047
$1,565,382
$1,682,133
$1,961,960
$2,140,520
Gperai’g
In
expenses.
1872-3, the fiscal
previous to the panic, the gross
earnings were $6,106,051, and the net $1,484,047; in 1873-4 the
year
333
control
of this road is of much
importance to us.
On the
South & North Alabama road we have
been placed at
considerable unforeseen expense. When it was
constructed, it
seems that a
large quantity of poor iron and cross-ties was
placed in the track, a great portion of which has been
replaced
this year at a heavy
expense.
The amount expended from this
cause alone was not less than
$60,000
the net $1,565,382 ; in 1874-5 addition, under a contract with the during the past year. In
city authorities of Mont¬
and the net $1 682,132; in
1875-6 the gross earnings were $4,961,490, and the net $1,967,- gomery, Ala., made in 1872, we were compelled to build a uniom
depot at that place. This greatly facilitates our business
960, and in the past year the gross earnings were $5,315,326, and
there,,
and, with the rents that we receive from
the net $2,140,520.
connecting lines which
use
the building, it is a
NASHVILLE & DECATUR RAILROAD COMPANY.
paying investment. During the past
year the company has acquired, by purchase, theCecilian
The gross earni'gs were
$679,591
branch
Operating expenses
416,746 of what formerly was called the Louisville Paducah & South¬
western Railroad.
The acquisition is about
Net earnings
forty-six miles in
$262,845
and
length,
possesses
a value from its position as a
The net earnings last year were
249,705
parallel road
gross earnings were $5,510,695, and
the gross earnings were $4,863,870
.
with
Increase 1376-77.....
$13,139
The interest and dividends for which the Louisville & Nash¬
ville Railroad Co. is liable have been paid, and are as follows :
Interest on bonded indebtedness.
Hire of envines and cars...
Dividends on stock
Deduct net
$150,185
37,000
98,553
earnings
Showing a deficit of
The amount charged
.
every
us
January 19, 1877.
main line
$22,893
Railroad as
Paducah to
to the construction account of the road
of the lease.
amount of
construction account
$23,093
Sixty-five sterling boDds
Advances and interest
on
62,288
110,766
old account
Total amount advanced
during the
year
$136,449
naturally
we
Elizabethtown, and brings to
business.
road
are
By this purchase
secure
the
of the former Louisville Paducah &
Southwestern
a feeder.
This road is 186 miles
long, extends from
our main stem
Our relations with the
management
are of the most harmonious
character, and
directed to developing its line so as to
our
yield
amount of revenue
on
portion of the
South and Southwest, and the
injury it was capable of inflicting
has been several times very
apparent. A favorable opportunity
for its purchase
occurring, your directory lost no time in com¬
mencing and concluding negotiations, and it was turned over to
$285,738
262,815
during the past year was $3,036 ; during former years, $258,123,
making a total of $261,559, which is to be reimbursed at the end
Amount advanced
main stem from Louisville for the
distance mentioned.
Forming part of a through line, it was, in conj unction with its con nections, a constant disturber of rates to nearly
our
us
a
large
of that
joint efforts
the greatest
possible. It is well known to the stockhold¬
ers that we own over
500,000 acres of land in Alabama, about
three-fourths of which are agricultural, and the remainder min¬
eral.
It is our policy to offer every inducement to actual
settlers
to
locate
on
The result of the
these lands, and
they
are
rapidly being taken by
operations of the South & North Alabama emigrants. We are selling the agricultural lands at
prices
Railroad during the past two years is a total advance of
$436,449 ranging from $1 50 to $5 per acre, and the mineral at from $10
above the net earnings received.
A statement of the results ob¬ to $25, and have recently made sales of the latter at the maxi¬
tained in the past two years under the
present management, mum price.
compared with the two embracing that of the panic and the one
Portland & Rochester.
before, may not prove uninteresting to the stockholders.f The
the
(For
year ending August 31,1877.)
gross earnings for the years 1872-3 and 1873-4 were $11,616,747,
and for 1875-6 and 1876-7, under the
The annual report of the directors contains the
present management, were
following : On
$10,276,817; the net earnings for 1872-3 and 1873-4 were December 29th, 1876, by direction of the City Council, a bill in
$3,049,429, and for 1875-6 and 1876-7 were $4,108,480. In other equity was filed against the “ Portland and Rochester Railroad
words, in the last two years, with $1,339,930 less gross earnings Company and others” to procure the appointment of a receiver,
than in 1872-3 and 1873-4, we realized
$1,059,050 more net in and ultimately to determine the rights of all parties having any
1875-6 and 1876-7 than in the former time
mentioned, a result interest in the road. On January 17th, 1877, this cause came on
worthy of the careful consideration of the stockholders. This to be heard, and it was ordered that George P. Wescott be ap¬
is not due to any increase in rates of
freight, as is shown by the pointed receiver to manage and operate the railroad. On Feb¬
following facts: The number of tons carried one mile in the ruary 1st the receiver took formal possession of the road and all
its effects.
Since that time it has been operated
year before the panic was 177,466,795 ; in'the year of the
by him under
panic,
166,482,542; in 1875-6, 173,064,314; and in 1876-7, 202,114,027 ; orders of the court.
The Treasurer submits the following
showing that we have had an increase in tonnage in the past
comparative statement of
two years as compared with the former two
the
expense of operating the road for 1875-6 and 1876 7 :
mentioned. In ob¬
taining these results your directory has not allowed the physical
RECEIPTS.
condition of the road to deteriorate, but
1875-6.
1876-7.
placed it in better con¬
dition than ever before. After much
,.$60,167
$52,865
trouble, we have finally
72,973
75,700
succeeded in making an equitable settlement with the State of
5,029
5.245
Alabama. In lieu ot an obligation which we held of that
Miscellaneous.
99
84
State,
and on which she declined to
pay either principal or interest, we
$138,269
$133,896
have succeeded in obtaining $330,000 in five
EXPENSES.
per cent bonds, on
which the interest has been and will be
1875-6.
1876-7.
promptly p id, thus in¬
.$27,301
$28,537
creasing our revenue and adding valuable assets to our resources.
423
bridges.
1,6^0
The fiouth & North Alabama Railroad
Company has delivered to
318
1,174
us one million dollars in
second mortgage bonds of that com¬
8.283
6,464
9,628
pany, bearing seven per cent interest, for advances made
5,972
by us
19,022
under the original contract for the construction of that
18,220
road. As
22,317
24,959
..
,.
.
,.
.
.
the
resources
of the South & North Alabama Railroad
.
are
oped, these bonds will
devel¬
prove valuable assets to our company.
At the end of the fiscal
year, it was fouud that, after providing
for the interest on our bonded and
floating debt, paying the
interest on the bonds and a six per cent dividend on the stock
of
the Nashville & Decatur road, and the
guarantee interest on the
mortgage bonds of the South & North Alabama road, we had a
large surolus, and your directory unanimously decided to declare
a small dividend to the stockholders and
apply the remainder to
the reduction ot the bonded and
floating debt.
your road, extending from Louisville to
ally laid with
The main stem of
Nashville, is
now
virtu¬
steel rail, and the annual expense of
making
renewals reduced to a minimum. We have also
placed
rail
steel
on the
heavy grades of our other roads. The
Memphis line is in
during the cur¬
excellent condition and will need no
large outlay
rent fiscal year.
Memohie, the terminal
Taxes and insurance.
974
721
12,084
9,929
2,333
’’
.
.
.
2,368
10,448
2,079
10,362
2,320
$116,106
$111,820
The above-includes all expenditures for the road, except the
construction of Saco River Bridge, and payments made on ac¬
count of rental and purchase of
rolling stock, wLich will be
found on another page of this report.
It will be seen that the
gross receipts are $4,373
have decreased $4,386.
less than last year, and the expenses
The number of passengers carried was
118,175, being 29,838 less than last year, while the freight ton¬
nage has increased 18,819 tons.
On account of the road being in the hands of a receiver, we
are unable to give a
“Ledger Balance,” as his accounts are to be
rendered to the court, but the debt of the company—not includ¬
ing over-due interest on its bonds—may be stated as follows, viz :
point of this road,
together with Western Tennessee, is rapidly improving. Should
that city and our line
again receive the benefit of the Texas
trade, now arbitrarily forced via St. Louis, the revenue io us
Capital stock
from this-portion of our system will be
$636.011
largely increased. The City of PortPrd bonds, A
700.000
Knoxville, Richmond, Bardstown and Glasgow branches are all City of Portland bonds, B
450,000
in excellent condition and form
and Rochester 7 per cent bonds
350,000
good feeders to our main stem. Portland
Bills payable, including notes given by receiver,
The Nashville & Decatur road is
approved
rapidly growing in value to us.
bills for supplies, pay-rolls, due other roads, and other
Burdened by a contract made in 1871, which compels us to
claims, ji part heing ei-timated
pay an
$89,305
exorbitant rate of interest upon the actual value of its
20,774
68,530
stock, we Less cash and due from agents, and material on hand
are placed at
great disadvantage, but we have succeeded in
Total
$2,204,54 5
making this part of our system in itself almost selfThe amount paid during the year for rental and on account of
Bustaining.
It penetrates a rich agricultural country, and,
connecting the South & North Alabama road with the main purchase of rolling stock is $10,867.
stem, the amount of traffic passing over it to the other
SACO RIVER BRIDGE.
parts of our system is. very
The cost of the new iron bridge, including masonry, was—
large, and, consequently, the
*
*
The total of all roads is now 966*14 miles.
t The South & North Alabama Railroad is included in these
comparisons.
For superstructure, one new pier, including foundation,
defective pier, coping and bridge seats, stone for four
two abutments
..
repairing
piers aud
$16,181 96
THE. CHRONICLE.
334
Timber for treaties, labor in patting ap same
and taking down old
1,665 12
1,194 69
bridge..
For new track-stringer• and track
Total
$19,042 79
In part payment for the above, by order of the Court, the re¬
ceiver was authorized to give his notes for $16,000, dated April 2,
1877, payable in 3, 0, 9,12, 18, 21 and 24 months. Old materials
have been sold amounting to $1,131 25, and the proceeds applied
to that account.
There are unpaid bills amounting to about
,622, which will be added to our floating debt when paid.
GENERAL INVESTMENT
NEW'S.
Atlantic & Great Western.—The Times reports that Judge
Daniels, in the Erie Special Term of the Supreme Court, has
rendered a decision in the matter of the application of the
Trustees of the second mortgage bondholders of the Atlantic
& Great Western Railway Company to confirm the agreement to
extend the time of payment of certain first mortgage bonds for
from October 1, 1876. As an inducement to the per¬
sons holding these first mortgage bonds, it was proposed to pay
the accruing 7 per cent interest in gold instead of currency. The
Trustees of the second mortgage bondholders assented to the
arrangement, and made application to confirm it. Among the
opponents of the scheme is the Banque Franco-Egyptienne,
which holds $1,800,000 of the second mortgage bonds. Notwith¬
standing the opposition, an Ohio court has confirmed the agree¬
ment.
It was necessary also to obtain the sanction of the New
York and Pennsylvania courts in addition, because, in each of
those States actions are pending lor the foreclosure of a mortgage
on
the road and the sale of the company’s property.
Ap¬
plication was therefore made to Judge Daniels, who, in his
decision, says, among other things: “ The evidence fur¬
nished on the hearing of the application clearly supports
the conclusion that
the incumbrances upon the
property
of the company very much exceed its value.
A large loss must
be, in any event, sustained by the holders of the bonds secured
by the second mortgage, and by virtue of that instrument they
have become both legally and equitably entitled to have the
proceeds of the property applied upon their debt after paying off
the first incumbrances. That is the plain effect of the instru¬
ment made for the security ot their demands, and this court has
no power to sanction any change in the effect of its terms.
By
changing the payments of interest from currency to gold such a
change would clearly be made. It would increase the amount of
the first incumbrance by the increased value of goT.d over cur¬
rency, and correspondingly diminish the security of the holders
of the second mortgage bonds.
The Judge also shows that the
approval of the three second mortgage trustees was necessary to
the validity of the agreement.
The consent of only one was ob¬
tained, while one of the trustees was enjoined from proceeding in
the matter, and the third trustee resigned. The motion is denied.”
Baltimore City Finances.—Mr. Kirk, of the committee on
the accounts of finance commissioners, reports that since the
close of the last fiscal year the funded debt of the city has been
increased $507,900 by the issue of $405,000 of the 5 per cent
water loan of 1894, the gunpowder supply, and $102,900 of the
Jones’ Falls loan. The guaranteed debt of the city has been
'reduced $500,000 by the redemption of the York and Cumber¬
land railroad "bonds. The total funded and guaranteed debt of the
city on the 1st day of September, 1877, was $33,351,151. The
value of the sinking fund for the redemption of the funded debt
was $8,018,847.
At the close of the last fiscal year on September
1, 1877, it was $8,470,462. Mayor Latrobe, in his message, refers
to the change made in the taxable basis by the new assessment
from $228,816,110, in 1876, to $268,217,434, as returned to the
collector Aug. 31,1877, and says : “ From the amount uow in dis¬
pute and abatements already made there will probably result a
total abatement of about $20,000,000, thus leaving an increase of
three years
the taxable basis
under the
new
assessment of from
twenty to
twenty-one millions of dollars.
[VOL. XXV.
A statement of the condition of the sinking fund shews an
increase since October 31, 1876, of $560,151 74. The value of
the sinking fund on September 30,1877, was $8,578,999 09.
The Mayor refers with satisfaction to the successful negotia¬
tion of the new five million loan, which will result in an annual
saving of $90,000. The amount ot premium on the sale of the
loan was $17,711 02, and the expenses of printing, advertising,
clerical aid, &c., $3,712 83.
Buffalo New York & Erie.—The trustee gives notice that he
will anticipate the payment of an additional $500,000 of the old
first mortgage bonds, falling due December 1. This amount is in
addition to $600,000 paid off in August and September.
Chicago Danville & Yincennes.—General Adna Anderson,
Receiver of the above railroad, lias filed in the United States Cir¬
cuit Court his report of his proceedings from May 1, 1877, to
August 31, 1877, as follows :
Disbursements.
Receipts.
$17,727
Freight
11
1,824
Passenger
'Mail
560
3,222
Express
Traffic balances
Car service
Track service
Sale of old material
Rents....
C. &S. R.R...
Other sources
W. II. Bradley, Clerk
Courts
461
11?
235
29
398
4,305
U. 8.
38,102
$67,0 J5
Pay-rolls and service vouchers.$26,451
Supplies, general
11,907
Supplies, new rails.
11
Traffic balances
Car service
Track service
Rental of cars
Rent of Chic. & Southern RR.
Rent of d-pot grounds ....
Rent of ground for tracks... .
Rent of P. C. & St. L. Railway
Taxes
O. Straussheim
G. A. Airev
Miscellaneous
Hammond & Brown. Receivers
C. D. & V. RR. floating debt...
...
Balance
on
9,685
5,127
2,524
2,633
525
837
250
8,670
1,561
181
135
11,546
8
95
$77,219
hand, August 31... 20,386
The item of
$38,102 paid to Mr. Bradley, Clerk of the
United States Courts, was on account of moneys received from
the sale of the road.
The Receiver, under the order of the court,
had paid out more on account of the floating debt than he could
short of funds to pay the operating expenses.
Chicago Saginaw & Canada.—A decision has been given in
favor of Daniel E. Sickles and others, first mortgage bondholders
of the Chicago Saginaw & Canada Railroad Company, against
Benjamin Richardson, Managing Director, cancelling 3,574 un
issued bonds bought in by him under execution for moneys
spare,
and
ran
advanced.
Detroit & Milwaukee.—The Hon. H. C. E. Childers, President
of the Great Western Railway of Canada, has made a proposition
to take the D. & M. road upon a lease and issue first mortgage
bonds to the amount of $2,000,000, and second mortgage bonds to
the amount of $3,000,000, all guaranteed by the Great Western
Railway Company, to take up the entire indebtedness of the
road.
This proposition has been laid before the English
holders, and they have shown a disposition .to accept it.
English and Great Western bondholders own a controlling
est, and, acting in conjunction, would undoubtedly govern.
bond¬
The
inter-^
The
Chicago Tribune says: A meeting was held in .Detroit a
or two ago which was attended by a large number of bond¬
holders and their representatives, also by Mr. Hugh Childers, and
day
Capt. Francis Pavy, who has been sent out as the representative
English holders of about $2,509,000 of bonds. Mr. John S.
on behalf of Detroit capitalists, made a proposition to
purchase the road for $4,500,000, paying $500,000 cash, and
issuing 5 per cent bonds for the balance, to be distributed among
the bondholders in an equitable manner.
This proposition would
give the road a home management, which, the authors of the
proposition suggest, would be more satisfactory, and likely to
prove more profitable, and, therefore, render the bonds of greater
value than the Great Western management in England could
possibly co. At the same time, the road, being the natural ally
of the Great Western, would, of course, give it the greatest pro¬
portion of its business, as it has done in the past. Tho merits of
these two propositions were discussed at great length.
The fact
that under the Detroit proposition the bondholders would get
$500,000 cash, while under the Great Western proposition they
would get none, seemed to have considerabler weight.
Finally the whole matter was referred to a committee, consist¬
ing of Henry N. Walker, S. T. Douglass, H. B. Ledyard, Capt.
F. Pavy, E. W. Meddaugh, and E. Martin, to report at a subse¬
quent meeting.
of
Newberry,
I think, therefore, that we can
rely upon a taxable basis in Baltimore during the present year of
about $250,000,000.
The cost of the new assessment to the city
of Baltimore was about $100,000.
The amount of appropriations to be provided for from taxes in
the fiscal year 1876-7 is $4,037,961, the amount of $3,506,927 be¬
ing the income derived from investments and loans. Should the
tax basis be $250,000,000 and the rate of taxation $1 75, it would
produce an income from taxation, provided the full amount was
—The bondholders of the Detroit & Milwaukee Railroad held a
collected, of $4,375,000, but the full collection of the taxes during
meeting
Sept. 23, at which the question of the disposition of the
the fiscal year can never be relied upon.
Your honorable body road was freely discussed. The result of this deliberation was
will tberetore recognize the absolute importance of economy in
the appointment of Messrs. Douglass, Taylor, and Ledyard, as a
the municipal expenditures, in order to prevent an increase of
committee to examine all propositions made for the disposal of
“
taxation.
“
Taxation must be reduced by either an increase of our taxable
basis or a curtailment of our expenditures.
It is important, if
possible, to increase
our
taxable basis.
In this respect we
are
far
the
road, including Mr. Newberry’s proposition to
purchase, and
the Great Western Railroad’s offer to lease.
The committee was
directed to report at a future meeting, which will be held in a
few days.
of our sister cities with a smaller population. With
Grand llapids & Indiana.—The trustees under the first
a population of nearly 350,000, with large
commercial interests
that find Baltimore one of the most advantageous shipping points mortgage will receive proposals for the sale to them of $40,000
on the Atlantic coast, we are
comparatively without manufac¬ bonds for the sinking fund, as provided by the terms of the mort¬
tures.
Our near neighbors, Philadelphia and Wilmington; by gage.
their more liberal laws, attract capital seeking investment in
Long Island Railroads.—In regard to the financial embar¬
manufacturing enterprise. Let us then make some effort, by the rassments of the railroads on Long Island under .the management
adoption of proper legislation, to induce manufacturers to locate of Messrs. Poppenhusen, the facts so far as yet known appear to
in this city; it will bring us capital, will give employment to our be as follows: That there has been a default on the interest due
laboring classes, and increase the value of our property, and Oct. I on $250,000 bonds of the Rockaway branch of the Southern
thereby the wealth of our people. Instead of a taxable basis Railroad of Long Island, which is leased by the Long Island
for a city of the population of Baltimore being only $250,000,000 Railroad.
The interest on some of the bonds of the Central
it should be at least $400,000,000.
Boston, which is about the Railroad of LoDg Island lias been due since Sept. 1. The same
size of Baltimore, has a taxable basis of over $700,000,000.”
thing is true of the bonds of the Smithtown & Port Jefferson
behind many
October
THE CHRONICLE
6,1877.]
Railway. In respect to the latter road, the Long Island Railroad
Company recently issued the following circular:
for the old Midland Pacific
already been
The earniDgs of the Sm!thtown & Port Jefleraon Railroad Company
during
the past year have not been sufficient to pay operating expenses. The Smith,
town & Port Jefferson Railroad Company is now indebted to this
company in
an amount exceeding $J70,000.
This company is advised that it is not liable
for the interest upon the bonds of the Smithtown & Port Jefferson Railroad
Company, and therefore refuses to pay the same.
•
offer.
The
mortgages
were as
follows
$100,000
700,000
3.0U0.000
988,98 )
374,000
Norvin Green
George L. Douglass
A.D. Hunt's
Lee’s
There
1,532.500
the Marshal and then the
Would anybody bid on an offer of $1,222,337,
was no answer
to the offer of
offer was changed.
subject to five mortgages, the Lee mortgage being omitted?
There was no response to this. Colonel Alfriend
changed front
a third time.
He dropped the Hunt
mortgage and the Lee
mortgage', and put up the road at a start of $1,100,539,
subject to
the other four
mortgages, and yet he received no encouragement.
The Douglass
mortgage was dropped as being the next hindmost
candidate for that honor, and the
mortgages of the city, of
Guthrie, Kniglit and Bowles and Green were left. Would
any
one start on
$731,477, these three mortgages being included?
Judge Andy Barnett then raised his voice and announced a bid of
$731,500. There were no other bids, and this was
accepted.
Judge Barnett was acting for Charles Tilden, Jacob
Krieger, Sr.,
F. P. Schmitt and John B.
Bangs, representing the syndicate.
They gave bond in the sum of $20,000 for the faithful execution
of their
purposes, with J. B. Wilder, Samuel K.
E.
Thompson, Edward Wilder and George Ainslie as Richardson,
their sureties.
There was naturally a
curiosity to know whether the purchasers
were
going to run the road after the confirmation of the sale
by
Chancellor Bruce. It seems,
however, such is not their inten¬
tion. A stock
company is already under way, to which the
above gentlemen will transfer their
purchase as soon as it is
incorporated,
which will be by the end of the week. The incor¬
they all accept, will be as follows: E. D. Sayre,
Henry Bell, M. C. Johnson and T. J. Busli, of
Lexington ; and
Ed. Thompson, F. P.
Schmitt, G. Spratt, J. B. Wilder, George
Ainsfie, John P. Morton, John B. Bangs, W. C. Hite, W.
Anderson, T. J. Bush, Charles Tilden, George W. Norton,George
Krieger, Jr., Jacob Peter, Robert J. Thomas and Samuel A.Jacob
Mil¬
ler, of Louisville, all well-known gentlemen. The name
of
the
new
company has not yet been decided upon, likewise the
amount of capital stock.
Marietta & Cincinnati.—A meeting of bondholders was
held
porators, should
t
i
exchanged.
bonds, and many of them have
New Orleans Premium Bonds.—The
eighth quarterly allot¬
premium bonds will take place in the office of
the Administrator of Public
Accounts, New Orleans, on Monday,
October 15, 1877, at 10 A.
M., at which time forty-five series will
be drawn.
Ohio & Mississippi.—On petition of John
.
the Ohio &
Mississippi Railroad,
States Court at
Indianapolis, has
restraining the National
King, Receiver of
Judge GreBliara, in the United
granted
a
temporary injunction
Trust Company of New York from sell¬
ing four hundred $1,000 bonds of the
Springfield & Southeastern
road, and requiring the managers to Bhow cause
why they shall
not be punished for
contempt. Judge Gresham set the hearing
down for the first
Monday in November.
Pennsylvania Railroad.—The Ledger gives the following
from an official
report of the traffic of the Pennsylvania Railroad
August, and for the eight months of this year,
as
compared with the respective periods in 1876 : On all lines
east of
Pittsburgh and Erie the traffic for August of this
for the mouth of
year,
as
compared with the same month last year, shows a decrease in
gross earnings of $521,908, a decrease in
expenses of $98,468, and
a decrease in net
earnings of $423,440. For the eight months of
this year ending
August 31, as compared with the same
in
1876, the gross earnings show a decrease of $3,468,991,period
the ex¬
penses a decrease of $2,628,933, and the net
earnings a decrease of
$840,008. All lines west of Pittsburgh show a decrease iu net
earnings for eight months, as compared with 1876, of $966,831.
Portland & Ogdensburg.—It is announced that
enough of
the bondholders have acceded to the
proposition
made
by the
Maine company to carry into effect the
compromise noticed in the
:
City of Louisville
Guihrie, Knight & Bowles
so
ment of series of
Dated Aupust 31, 1817.
Mr. Conrad Poppenhusen, the father of the President of the
Long Island Railroad, has obtained a judgment in Long Island
City against the Southern Railroad of Long Island for $374,307,
and against the Flushing North Shore & Central Railroad Co.
for $410,090, in both cases for money loaned, with interest.
Louisville Cincinnati & Lexington.—The Louisville Cincin¬
nati & Lexington Railroad, extending from Mount
Sterling to
Cincinnati, via Louisville, was sold at Louisville, Oct. 1, by order
A syndicate,
of Chancellor Bruce.
representing the second mort¬
gage bondholders and floating creditors, purchased the line for
$731,000, subject to three mortgages: one in favor of the city of
Louisville for $100,000; another in favor of Guthrie,
Knight and
the Bowles heirs for $700,000, end the third in favor of
Norvin
Green and others, amounting to $3,000,000.
The Courier-Journal says of the sale that Marshal
Alfriend,
before commencing the sale, stated the conditions of the
decree.
The sale would be on three, six, nine,
twelve, and so on up to
sixty months’ credit. The entire road, stock, franchises, &c.,
were included, of course, in the sale.
He first put up the road
for sale, subject to all six
mortgages, and for $1,485,047 as an
385
Chronicle of Sept. 29.
Ihe Portland City Council adopted, at
meeting held Oct. 1, a report of the committe on the Portland
&
Ogdensburg Railroad that the whole matter of the readjust¬
ment of the demands
against tlie company of parties who hold
as collateral second
mortgage bonds of the company be left with
those of the directors who do not hold bonds or
collateral, and
have no pecuniary interest
involved, such adjustment to be ap¬
proved by the Mayor of the city. The
city of Portland is the
largest holder of the company’s securities.
Sedalia (Mo.) City Bonds.—The
City Council of Sedalia, Mo.,
a
a
quarter of a million of whose ten per cent bonds are held in
New England, has sent a
lawyer to confer with the Eastern
bondholders in regard to
scaling down the principal of its debt
and the rate of interest.
Selma & Gulf.—This road will be sold November
19 at the
Court House of Dallas
county, Ala., under a decree of foreclosure
granted by the Alabama Court of Chancery for said
county. The
property will be sold in one lot at a sum not less than $150,060.
The purchaser must
pay $50,000 in cash on the day of sale and
the balance at such time as the Court
may direct, either in cash,
or in the first
mortgage bonds and over-due coupons.
Steel Tired Railroad Car Wheels.—The
of the
Atwood steel tire railway wheels is that the peculiarity
tire is held to its
place
upon
with bolts
the centre by
a
rivets.
packing of hemp, dispensing entirely
For the purpose of experiment, at the re¬
cent test by hydraulic
pressure made at the Harlem Railroad
shops, a wheel which had run 40,000 miles, the tire of which
showed signs of being
slightly loose, was first selected. The
experiment tfhs to show that although a tire may work loose it
cannot come off.
The pressure being applied, the tire was seen
to start at a
pressure of about three tons.
The pressure being
increased up t© 24£ tons caused the small
wrought iron ring on
the outside of the wheel to
spring off. When the pressure was
further carried up to 50 1-5 tons, it caused tlie tire to
move off 2£
inches ou one side of the wheel and
3f inches on the other. At
or
a second
experiment, a wheel was selected, which liad also run
40,000 miles, in sound condition. To this a pressure of
63$ tons
was applied, when the tire showed
bondholders’
indications of moving less
than one-sixteenth of an inch. The
Samuel H. Taggart, Ira S.
Holden, James
experiments were considered
Coale, Wm.
Whitelock, Israel Morris, of Philadelphia; Cary
Samuel Eccles, exceedingly satisfactory, and it is stated that a set of these
Andrew Reid, John S. Gilman, John C.
King and W. W. Spence. wheels, which have during the past winter and summer run
On motion of
Judge John C.-King a resolution was adopted as 180,000 miles, under a sleeping car weighing thirty tons, have
follows :
fully demonstrated the perfect fastening of a steel tire to an iron
Resolved, That the committee elected at this meeting in behalf of the bond¬ centre, decreasing the noise and jar, and also the wear and tear
holders of the Marietta and Cincinnati
upon rails and journals.
Railroad be and they are
hereby re¬
quested to learn
in Baltimore and
committee of ten was
appointed to look after
interests. The committee was as follows :
Messr3.
a
definitely whether the said road is at present run
the interest of its stockholders
exclusively
and
whether the said road is in
receipt of its due proportion of what iscreditors;
known as through freight
over the same in
connection with the Baltimore & Ohio road. ’ if passing
the said
committee are not satisfied with the business
connections of the two roads
above mentioned,
they are requested to ascertain whether other and better
terms can be made with some
other road, and report at a
subsequent meeting.
in
Missouri Pacific, Carondelet Branch.—Default
file
October interest
of the first
was
made in
mortgage bonds of the Pacific
Railroad of Missouri, Carondelet branch.
Montclair & Greenwood Lake.—Tim bondholders held a
meeting and concluded that, as the floating indebtedness of the
road was over
$100,000, it was as well that the Receiver should at
once take
possession. Mr. Hobart, therefore, the Receiver, will at
once enter
upon
the management.c
West
Philadelphia.—The Ledger reports that the examination
of the stock book of the
company developes the fact of an over¬
issue of twelve thousand shares.
This amount, added to the
legal
slock issue of the
company of eight thousand shares, gives a total
of just twenty thousand shares.
This, at $50 per share, would
make one million of dollars, double tlie
capital, of which, however, only $400,000
for.
company’s authorized
subscribed and paid
are
Wilmington & Reading.—This railroad was sold some time
ago, and purchased by a committee appointed by the first mort¬
gage bondholders, under an agreement that each bondholder
should receive new bonds to the same amount that
they held of
tlie old.
The new company was organized under the name of
The Wilmington & Northern Railroad
Company,” and stock
was issued to the
original first mortgage bondholders to the
amount of their bonds.
A meeting of the stockholders was
Nebraska.—This road has been leased under a perpetual con¬
tract to the
Burlington & Missouri River Railroad in Nebraska.
The Nebraska
Railway was formerly known as the Midland called, which meeting authorized the creation of a
mortgage and
Pacific, and'now extends from Brownsville, Neb., on the Missouri the
issue to the stockholders of bonds to the extent of
$1,253,100.
River, to York, 133 miles.. T lie Burlington & Missouri
Company These bonds are rfow nearly ready for delivery, but the
in
Nebraska has guaranteed $1,836,000 consolidated 7
per cent
mortgage bonds of the Nebraska road, and now offers $336,000
of them for sale to
pay the cost of the 28 miles of road from
Seward to York, The balance of
$1,500,000
are to be
exchanged
has received notice that
company
application will be made to Judge
McKennan, of the U. S. Circuit Court, to restrain it from such
issue, on the ground that there is no consideration given for these
new. bonds.
The question will be argued next month.
an
336
CHRONICLE.
THE
[Vol. xxv.
COTTON.
31!)c Commercial Cimes.
Friday, P. M., October 5, 1877.
coTimerc iXlEPIT()MH
Friday
The Movement of the Crop, as indicated
Night, October 5, 1877.
week, until to-day, has been unseason¬
ably mild, and therefore unfavorable to general trade ; but it is
Anticipated that the present lower temperature will bring about
an early further revival of business.
A good deal of disappoint*
ment is expressed by some regarding the volume of transactions
for September. All such persons, however, have expected too
much. Beyond a doubt a general improvement during the past
few months may be recorded, but it is of slow, gradual growth
and the more promising on that account. Besides, it should be
remembered that it is hardly time as yet to feel the full effects of
bitter incomes to farmers and the industrial classes.
Strictly
staple goods sell fairly, but most people are yet unable to pur¬
chase what may be dispensed with.
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given :
,
Beef
Pork
Lard
Tobacco, foreign
Tobacco, domestic
Coffee, Rio
Coffee, other
Coffee, Java, Ac
Sugar...
Molasses, domestic....
Rides
Cotton
Rosin
Spirits tnrpentine
Tar
Rice, E. I
Rice, domestic
Linseed
8aUpetre
Jute
Jute hntts
Manila hemp
16.611
12.829
10,668
35,506
Sept. 1.
115
35,^23
81,578
23,823
19,275
31/09
87,379
40,155
4,429
hhds.
1877.
43,931
23,393
19,561
34,378
83,824
70,116
27,092
113,805
25,435
18.3S2
35,405
23,319
Sugar
Sugar
Melado
Molasses, foreign
1877.
Oct. 1.
328
33 656
20,576
49,724
118,248
310,000
hhds.
hhds.
310,956
1,250
5,373
bbls.
No.
2,615
11,836
13,000
137,0C0
1,913
2,966
9,000
112,000
35,841
49,712
6,800
2.804
bbls.
bbls.
bbls. and tcs.
250
48,982
47,584
3,027
1,850
4,250
8,500
129,700
67,402
46,131
3,079
1,305
13,050
500
125
850
202,865
131 AO
133/00
9,100
10,300
14,6 0
49,382
13,0 0
12,000
5,300
16,300
35/67
15.780
.
5,359
1877.
Receipts this week at—
New Orleans
1875.
1876.
1874.
1873.
1872.
9,619
29,501
6,826
10/17
12/98
18,992
426
17,507
12,811
1/92
17,562
15/72
2 3
386
1.547
1,339
1,418
2,201
1/82
101
361
299
301
127
293
North Carolina.
2,439
5,314
1,781
661
Norfolk
5,457
20,689
2,720
14,375
12,204
7/60
816
971
381
93
271
2,389
8,443
1,339
122,199
102,402
96,277
46/33
87,268
344/31
285,808
251,565
183,516
318,038
..
Mobile
Charleston
Port
Royal, Ac.
Savannah
Galveston
indianola, Ac..
Tennessee, Ac.
Florida
City Point, Ac.
Total this week..
Total since Sept. 1....
153,111 j
21,86?
9,362
16,133
17,573
8,050
19,851
616
24,424
9,14t>
7,275
11,838
11,592
20,991
[
1,273
24,244
8,505
28,783
11,448
11,260
3,824
8,594 )
l
197 »
....
|
387
r
7,433
972
The exports for the week ending this evening reach a total of
13,495 bales, of which 12,215 were to Great Britain, none to
France, and 1,280 to rest of the Continent, while the stocks a*
made up
this evening
stocks and exports for
week of last season:
are now 157,526 bales.
Below are the
the week, and also for the corresponding
Exported to
Week
ending
Great
Oct. 5.
Britain.
43,335
speculative advance in pork early in the week,
market was dull at $14 25@14 40 on the spot,
with $14 bid and $14 20 asked for December. Lard was also
depressed, at $9 20 for prime Western on the spot and for
October, and $8 80 for Dec. Bacon is scarce and held higher,
but cut meats are irregular. Beef and beef hams remain dull
and nominal. Tallow declined, but closes more active at 7f@7$c.
Butter lost l@2c. of the advance of last week, but cheese is
higher at ll@13£c. for fair to choice factories.
The market for Kentucky tobacco has been moderately active
and the sales for the week are 750 bhds., of which 600 were for
export and 150 for home consumption. Prices remain firm: lugs
are quoted at 34@5£c., and leaf at 7|@l5c. Seed leaf met with a more
active demand, especially tbe better grades of Eastern, and the
Bales for the week were 2,363 cases, as follows: 100 cases sun¬
dries, 4 to 16c.; i00 cases Connecticut, crop of 187(T, 9 to 18c.;
1/353 cases Pennsylvania, crop of 1876, 8e., 10c., 15c., 17c., 17£c.,
20c.; 21c., 22c., 24c.; 551 cases New England, crop of 1876, 8c,
9c., 10c., 12c., 16c., 18c.; 54 cases New England, crop of 1875,
17 to 22c.; and 205 cases Ohio, crop of 1878, 8 to 9c. and private
terms.
Spanish tobacco was lees active, and the sales embraced
only 450 bales Havana at 80c. @$1 10.
Rio coffee has declined a trifle, with only moderate sales
reported ; fair to prime cargoes quoted at 191@20f c., and jobbing
lots 16$@22c. gold.
Mild grades are unchanged, With recent
sales of 6,241 mats Java,2,383 mats Singapore, 3,865 bagsLaguayra,
at current prices.
Rice sells in a steady jobbing way. Molasses
is extremely firm, as stocks are now quite small ; 50-test Cuba
refining quoted at 37@38c. Refined sugars have latterly been
active and firm; standard crushed quoted at 11c.
Raw grades
also have sold more freely and a firm tone is everywhere notice
able. Fair to good refining Cuba quoted at 64@8fc.
The business in ocean freights has been fairly liberal, espec¬
ially in chartering tonnage. Rates for berth room and grain
vessels have shown a slight irregularity, but petroleum vessels
continue to realize full firm figures.
Grain to Liverpool, by
eteam, 8|d.; cotton, 5-16d.; flour, 3s. 6d.; do. to London, by
Bteam, 3s. 6d.; grain, 9d.; flour, by sail, 3s.; grain to Glasgow, by
steam, 9d.; do. to Cork, for orders, vessels to arrive, 6s. 9d.@7s.;
do., by vessels on the spot, 7s. 3d.; refined petroleum to Antwerp
or Bremen, 4s. 6d.; do. to Bristol, 5s. 6d.; do. to
Belfast, 5s.; crude
do. to Bordeaux, 6s.; naphtha to Havre, 5s. 3d.
Spirits turpentine has been fairly active, and the close to-day
was marked by an advance and much firmness; Southern bbls.
sold at 34^c<a35c. Rosins hare been in some export call, though
at slightly lower figures; common to good strained now
quoted
at $1 70@1 75.
Petroleum was easier in the early part of the
week, but latterly advances have taken place, owing to refiners
limiting their offerings; crude, in bulk, 8$@8fc.; refined, in bbls.,
sold at 15|c. for this month’s delivery. American pig iron is
now quite fi.-m, stocks being
reduced; sales ef 1,000 tons at
$19@20 for No. 1, and $17@18 for No 2 ; Scotch pig is dull, but
firm; small lots of Glengarnock sold at $25. Ingot copper has
declined, with sales of 200,000 lbs. at l?fc. Grass seeds lower
and more active at 9c. per lb. for clover and
$1 40 per bush, for
timothy. Whiskey closed at $1 13£.
There was a
but to-day the
by our telegram*
to-night, is given below. For the week ending E
this evening (Oct. 5), the total receipts have reached 70,040*
bales, against 43,128 bales last week, 22,345 bales the previous
week, and 12,109 bales three weeks since, making the total re¬
ceipts Bince the 1st of September, 1877, 153,111 bales, against
344,131 bales for the same period of 1876, showing a decreasesince Sept. 1, 1877, of 191,020 bales.
The details of the receipts
for this week (as per telegraph) and for the corresponding weeks
of five previous years are as follows :
from the South
The weather the past
1876.
Oct. 2.
2,064
.
New Orleans*
France
1,897
Total
Same
Conti¬
this
week
nent.
week.
1876.
178
....
2,075
Stock.
1877.
1876.
11,979
33,646
8,710
76,705-
8,455
17/70
29,412
2t,237
17,204
33,434
38.358
Mobile
Charleston
Savannah
....
Galvestont
New York
•
.
•
•
9.110
I
1.208
ports}:
Total this week..
12,215
Total since Sept. 1
27,299
•
•
.
•
•
•
.
....
•
...
....
....
222
•
•
.
.
.
10,071
1,785
10,212
1/02
....
Norfolk.
Other
•
.
•
.
,
.
1,208
2,216
14/75
42,787
5,075
62,449
15,583
18,000
15,000
1,280
13,495
34,506 157,526 295,074
5,340
32,861
88,686
....
Mew Orleans.—Our
telegram to-night fromNew Orleans snows that (oesiues
above exports) the amount of cotton on shipboard and engaged for shipment at
that port is as follows: For Liverpool, 4,000 bales; for Havre, 3,250 bales; for
the Continent, 600 bales; for coastwise ports, 800 bales; which, If deducted from
the stock, would leave 25,000 bales representing the quantity at the landing and in
presses unsold or awaiting orders.
t Galveston.—Our Galveston telegram shows (besides above exports) on ship*
board at that port, not cleared: For Liverpool, 1,206 bales; for other foreign,
no bales;
for coastwise ports, no bales; which, if deducted from the stock,
would leave remaining 15,998 bales.
t The exports this week under the head of '‘other ports” include from Baltimore.
525 bales to Liverpool; from Boston. 682 bales to Liverpool; from Philadelphia, 1
bale to
Liverpool.
From the
foregoing statement it will he seen that, compared
last season, there is a decrease
bales, while the stocks to-night
are 137,548 bales less than
they were at this time a year ago.
The following is our usual table showing the movement of cotton*
at all the ports from Sept. 1 to Sept. 28, the latest mail dates:
with the corresponding week of
in the exports this week of 21,011
RECEIPTS
PORTS.
SINCE SEPT.
1877.
EXPORTED SINCE SSPTr
1.
1876.
41,296
Galvestont.
10,903
5,980
14,737
25,941
15,400
New York..
191
2,134
76
789
Norfolk}:...
Other ports
2,850
5/26
1,662
6,352
23,910
2,402
Tot. this yr.
83,071
N. Orleans.
Mobile
Charlest’n*
Savannah..
Florida...
N. Carolina
Tot. last yr.
Great
Britain
3,301
15,310
•
34,012
48,978
46,719
•
•
•
forei’n
....
....
.
•
.
....
.
,
10/61
.
.
222
•
•
•
....
4,06)
7,651
15,443
9/08
....
•
.
.
14,413
...
....
....
....
....
....
....
....
....
....
....
11,248
3,648
v •
....
1,622
Coastwise
Ports.
Total.
....
....
.
TO—
3,301
....
....
....
....
76
2,417
4,255
1,022
...
...
Stock
25,274
4,788:
8,837
13,955
11,231
44,337
....
829)
2/79*
14,700*
222
4,06)
19,3.6
54.046
126,7284
40/46 13,599
435
54/80
95 956
230,914
15,084
221,932
France
Other
1
Under the head of Charleston is Included Port Royal, «&c.; under the head off
OalvestoniB included Indianoia, Ac.; under the head of Norfolk is included City
Point &c.
*
correspond precisely with the total of
telegraphic figures, because in preparing them it is always
These mail returns do not
the
to incorporate everv correction nwb*
The market for cotton on the spot has been
rhe ports.
quiet, and prises
somewhat irregular and unsettled. A revision of quotations was
made on Monday,, to base them on new cottons, according to
which middling uplands were quoted at ll£c. instead of 11 5-16c.
as on Saturday, and the better grades were generally reduced, a»
mav be seen in the annexed comparison :
'
-
necessary
.
o
6, 1877.]
ber
THE CHRONICLE
837
Uplands.
-—Uplands.
hales.
ctt.
For February,
Old
New
For March.
Old
bales.
New
I/O’....
....11 04
eta.
bales.
ct«.
bales.
Cotton.
Cotton.
cts.
100...
11-53
Cotton.
11*03
Cotton.
:oo
n-15
.
.
.
0
0
3
11-30
..
.
0
-Ordinarjr
9*
9Ji 9
5.(0)....
11-54
....11-01
Middling
11 5-16
400 1
UK
11*16
...0
1
11-31
DO
4,:oj
11*56
Good middling.. .110
Strict ordinary
....11*07
10*
10K
1,400
9-16
11-17
11*
SOU...
il-32
.
.
0
0
8
11*63
3,8C0....
.11*06
Good ordinary.... 10*
Strict good mid... 11 13-16
400
mi
l.*l«
11 7-16
1,300
11*33
100...
11*64
1,600...
....11-09
7.0
10 11-16
Strict good ord’ry. 10%
11-19
IU0
12 3-16
Middling fair
11-34
1,600
U*
...11-10
400
11*20
1,600 total April.
Low middling
Fair
10 15-16
100...
mi
11*35
12 15-16
900....
1~\*
....111!
200
11-21
n
100...
Strict low mid —11*
11-37
300....
For May.
....11-12
100
11 2*2
300 ..
...11-43
400
1,000
11*59
....11-15
110
On Wednesday there was an advance of
11-23
800...
11*44
l-16c., there
2,000....
209...
11*60
....11*16
200
11-23
100
11-45
200
been a pretty, liberal business for home
1.900....
11*61
ll-i 7
100
11-29
consupiption, and a
coo...
1117
600.
4.500....
ll’TJ
11* 18
10J
better market
at Liverpool;
11*30
..
.
0
0
4
but
11-19
S' 0
was quiet
and easier.
1.400....
11*75
11 * 19
SO'J
11-31
1,600...
11 50
790
4..0.....
11*7$
....11-20
To-day,
favorable
500
advices, the market
was again
11-32
...0
0
5
11-51
1,6 0...
....11-21
1,50 *
11-53
l-16c. higher ; the business was mainly for home
total May.
2,900
3 4)...
11-53
2.510.....
...11-22
consumption.
800
11-34
For June.
For future delivery, the fluctuations have been
4,J!*0....
....11-2:3
7,100 total March.
400
11*33
....
...
..
...
..
..
...
...
having
..
yesterday
Liverpool
with
....
frequent, with
the changes
fairly active and
considerable excitement, but, in the
aggregate,
have been unimportant.
Liverpool has been
advancing, and receipts at the Gulf ports the most of the time
exceptionally small, and especially so at New Orleans. There
has also been a disposition to reduce crop estimates
; and yesterdav, when prices weakened in sympathy with Liverpool, and
receipts at Mobile and Galveston were in excess of the corre¬
sponding date last year, the later months maintained their posi¬
tion with steadiness.
0) 4562.13
5,601 for consumption, 81 for speculation, and
in transit.
Of the above,
bales were to arrive.
The following tables
show the official quotations and sales for each
day of the past
week:
UPLANDS.
ALABAMA.
Middling
Good Middling
9%
9*
10*
1054
105*
10*
9*
10*
10
10*
10*
10*
10 11-15 10*
10 11-16 10*
10 15-16 ;o*
10 15-16 10*
11 1-16
11
11K
11
11*
U*
11 5-16 11*
11 5-16 11*
11 7-16
11 9-16 ii*
11 9-16 11*
11 11-16
11 13-16 11 7-16
12 3-16 u*
12 15-16 12*
12 3-16 11*
12 15-16 12*
Fair
9*
10*
10*
10*
Strict Good Middl’g 11 13-16 11 7—1C
Middling Fair
10
10
10*
10*
!0*
10*
Oct. 2. Oct. 3. Oct. 2
Middling
n*
11*
11 3-16
11 5-16
Good Mldd ing
-Strict Good V.iddl’g ll 7-16
Middling Fair
11*
12*
Fair
U*
11*
11*
11*
10 13-16
11
11*
11
ll
11
12
13
11 15-16 !1 9-16
12 5-16 12
13 1-16 '2*
7-16
11-16
15-16
5-16
1-56
51*
11*
n*
11 9-16
-Strict Good Ord’ry.
Low
Middling
Strict Low Middl’g
Middling
’Good Middling
Strict Good Middl’g
Middling Fair
Fair
Quotations for
11 3-16
11 5-16
11 7-16
11*
Frt.
cotton
Frl.
10
10*
10*
50 1-16
10 7-16
1C 11-16
11*
11*
Th.
11
Frl.
Th.
Frl.
9 15-16 10
10 5-16 10*
1C 1-16 10*
10 7-16 10*
10
11-.6 10*
10*
10 13-16 10*
10*
10 15-16
10 13-16 11
11 1-16 Ll*
11 1-16 11*
11 3-16 11*
11 3-16 11*
11 5-16 11*
11 5-16 11*
11 7-16 11*
u*
11 9-16 11*
11 11-16
11 15-18 12
12 1-16 12*
12 9-16 12*
12 11-16 12*
10 1-16
10 7-16
10 11-16
10 9-16
10*
11
11
11
!1
1-16
10*
10*
10*
10 15-16
11*
11*
11*
11*
ll*
11 11-16
12 1-16
12 11-16
12*
12fc
3-16
5-56
7-16
began Oct. 1.
Sat. | Mon. Tues Wed. Th.
Frl.
Sept.29 Oct. 1. Oct. 2. Oct. 3. Oct. 4. Oct. 5.
Good Ordinary
•Strict Good Ordinary
Low Middling
9*
9*
9*
10*
10 3-16 10*
10 5 16 10*
.0 13-16 10*
Middling
9
10
’.0
10
10*
10*
9-16
9 9-16
9*
3-16 10 3-16 to*
7-16 10 7-lG 10*
13-16 10 13-16 10*
"
SALKS OF SPOT AND TBAN8IT.
Spot Market
Closed.
Ex¬
port.
ConSpec¬
sump- ulate
-•Saturday.. Dull and easier...
JMonday.. Quiet,revised (|iio
Tuesday
Dem fair,cel.lir:n.
'Wednesday Quiet, st’dy, hi h.
15
50
327
2,045
geJ
77
2'5
451)
1,637
919
5,601
.
..
....
>-
456
631
37
FUTURES,
Tran¬
Total.
sit.
....
si
Sales.
456
44.100
727
5S7
....
....
....
....
2,037
25,100
39,900
47,900
51,700
50,300
.
6,601
259,000
■*
f
....
T
2,372
....
81
..
372
Deliv¬
eries.
3.'0
•
Isle*-
.101
300
^2,.t)0
u-l<8
00
41-04
OOU
;poo
.1-05
8.7i0
10
.00
1 i-i.i
*3,‘00.-.
li*06
lOJs.n. 4 h.. 11*08
‘*,400
U-OS
•5 100
11-09
22,600
2,200
h,30U
11-1(1
11*; 1
11*12
n 500
a.'GO
11-13
11*14
11*15
U*’,6
€00
40)
6W
-3.400
2,7i>0.
■3.JW
2,900
4,300
•3)400
...
C18.
11 2|
11 25
1 i*26
n-27
U*28
5),9-3) total Oct.
For
1*200
2.20)
2,2^ to
3.401
2.700
2 6
)U
November.
..
2,'0»
5,300
10* 44
l',-95
lU"96
4.8iH)
1--97
10-93
1' -99
11*03
11-01
1 * *62
11*! i
70)
300.
Ll)l)
4,100...,
4,'00
2,200
10-91
10*. 2
1, 00
2.200
1,100.
11*23
9.400.
5,800
_10*t,0
11*18
11*19
11*21
4 2)0
3 6 0
800
11*17
11*<0
baes.
1,40'
6,500
1
T
200
1,000
1 i*C7
cts*
ll-:8
11-09
11-10
11*11
2,9 JO
i0-)7
76,400 total Nov.
For December.
100
1C-90
6(0
200
1,300
5 3D*...
16*91
.16-92
H.-93
10-94
10-95
..10*36
11*75
11*36
11*83
11*90
600 total June.
show the closing market and
prices bid for
at the several dates named
:
MIDDLINO UPLAXD3—AMERICAN
GLASSIFICATION.
Frl.
!
Market closed
October
December.....
Ja-iuary
February
March
April
May
June
Trauaf .orders.
..
..
11-03
11*04
10-91
10-91
11-01
11*15
11*29
11-44
11*5S
11*12
11*10
103
11*47
11-6U
15-72
11-10
103
4-30
4-30*
The Visible
luwer.
10*95
10-05
11-0!
11-19
11-32
11-15
103
..
Mon.
Quiet,
lower.
15-10
10-97
10-96
11-06
11*20
15-34
11*43
15-61
11-74
November
Gold
Sat.
Quiet,
Higher.
4
Supply
of
telegraph, is as follows.
of last Saturday, but the
79*
Toes.
Firm.
Wed.
higher.
11*14
11-01
11*18
in:
11*03
11*17
11-32
11 45
11*53
11*76
11*86
11-11
11*10
11 TO
11*63
11-47
11*60
11-24
11*34
11" .53
51-67
11-3)
11-74
11-86
11-25
103
4 7?*
11-15
103
4 79*
as
Lower.
11*22
11-01
11*11
Cotton,
Thura.
Ste uly,
h glier.
Higher.
11*25
11*15
11*13
11*22
11*35
11-49
11-63
11-74
11*b7
11*2)
11*30
102*
102*
4*73
made up
Frl.
4*73
by cable and
The continental stocks are the
figure!
totals for Great Britain and
the. afloat
this week’s returns, and
are
consequently
brought down to Thursday evening; hence, to make the
totals the
complete figures for to-night (Oct. 5), we add the item of
export!
from the United
States, including in it the exports of Friday
Stock at Liverpool
Stock at London
Total Great Britain stock
Stock at Havre
Stock at Marseilles.
w
Stock
at
Stock at
Barcelona
Hamburg
...
.
Stock at Bremen
Stock at Amsterdam
8tock at Rotterdam
Stock at
Antwerp
Stock at other continental ports..
1877.
1876.
535,000
26/250
691,000
561,250
725,250
197,250
4,< 00
62,000
11,000
50,000
62,750
16,500
17,000
14,750
178,500
8,500
54,500
11,750
57,750
30,500
11,000
6,750
9,750
CO •M. 7
ss
.
1875.
1874.
669,000
65,000
691,000
734,000
183,250
4,250
48,000
12,750
805,500
159,750
13,COO
60,250
36,500
56,000
10,000
7,000
10,000
37,750
97,000
23,000
9,SCO
24,000
114,500
17,000
Total continental ports
269,000
435/250
367,750
441,250
Total European stocks
930,250
1,160,500
1,101,750
1,246,750
Europe.... 130,000
American cotton afloat for Europe
28,000
Egypt, Brazil, &c.,afloat for E’rope 17,000
Stock in United States ports
157,526
Stock in U. 8. interior ports
16,408
United States exports to-day
1,000
210,000
55,000
18,000
295,074
31,920
222,000
6,000
301,000
45,003
25,000
209,424
25,930
12,000
Total visible supply.. ..baies.l ,280,184
1,8.6,494
1,72 \104
India cotton afloat for
Of the above, the totals of American and other
descriptions
35,000
37,000
209,763
35.163
4,000
1,189,661
are as
follower
270,000
274,000
28,000
157,526
16,408
1,000
308,000
283,000
55,000
295,074
31,920
6,000
284,000
163,000
45,000
209,424
25,930
12,000
189,008
201,000
35,000
209,763
35,168
4,000
746,934
983,934
739,354
673,931
265,000
333,000
26,250
34,250
Egypt, Brazil, &c.,afloat.
95,000
130,000
17,000
147,250
240,000
18,000
335,000
65,000
204,750
25,000
502,000
114,500
240,250
222,000
37,000
Total East India, &c
Total American...
533,250
746,934
822,500
933,994
980,750
739,354
1,115,730
673,931
Total visible supply....bales. 1,280,184
1,806,494
1,720,104
1,789,681
6*d.
8d.
Continental stocks
American afloat to Europe
United States stock
......
United States interior stocks
United States exports to-day
Total American
bales.
....
bslea.
1.. 11-14
11-15
11-16
u-ir
...r-13
11-19
100
100
200
20 J
.
*
500
ct*
11-12
11-13
-
For April.
100
11-44
200
11 41
fOO
11-47
300
11-19
American—
Fo? forward delivery, the sales
(including
free on board)
&ave reached during the week
259,000 bales (all middling or on
tthe basis of
middling), and the following is a statement of the
*B*le8 and prices:
For October,
‘□ales.
cts.
delivery,
Liverpool stock
MARKET AND SALES.
Total
following will
3.
STAINED.
^Thursday.. (5 ilet, unc a
^Friday
Finn, higher
future
8,200 total Feb.
12
10 13-16 10*
1! l-’6
11 3-16
11*
11 5-16 H*
ll 5-16
11 7-16 11*
11 7-16
11 9-16 H*
ll*
12 1-16 12
12 1-15
12 11-16 12*
12 11-1 r,
It 9-16
11 15-16 12
12 9-16 12*
Th.
9 15-16 10
10 5-16 10*
10 9-16 10*
10 13-16
10*
10 15-16 11
11 1-16 11*
11 3-16 11*
11 5-16 U*
11 9-16
11*
tl 15-16 12
12 9-16 12*
new
The
11-37
11-33
11-39
only:
12*
Oct. 4. Oct. 5. Oct. 4. OCt. 5. Oct. 4. Oct. 5. Oct.
4. Oct. 5.
lb.
....11-29
for the Continent
0*
Oct. 3. Oct. 2. Oct. 3. Oct. 2. Oct
U*
11*
11 15-16 L*
12 9-! 6 12*
Th.
New Cotton.
•
0
10*
10 ,3-16 ‘0*
11
ll 1-16
9 15-16 9*
^Ordinary
^ lb. 9%
9 15-16 10
10 1-16
Strict Ordinary
10 5-16 10*
10*
10 5-16 ;o *
10 7-16
Good Ordinary
10 9-16 10*
10*
10 9-16 10*
10 11-16
Strict Good Ord’ry. 10 11-16 10*
10 11-16 10*
10 13-16 10*
Low Middling
10 15-16 10*
AX
10 15-16 11
11 1-16
Strict Low Middl’g 11
11 1-16 11
11 1-16 U*
11 3-16
'Ordinary
Strict Ordinary
Good Ordinary
TEXAS.
Tues Wed. Tues Wed. Tues Wed. Tues
W ed.
New Cotton.
800.....
100
200
200
5*.,500 total Jan.
tfxchauge
N. OliLEANS.
Sat. Mon. Sat. Moil. Sat.
|Mon. Sat. Mon.
SeDt.29 Oct. 1. Sept.29 Oct. 1.
Sept.29 Oct. 1. Sept. 29 Oct. 1.
Ordinary
$ lb.
rStrict Ordinary
Hood Ordinary
Strict Good Ord’ry.
Low Middling
Strict Low Middl’g
...11-21
....11 25
To
day, there was an active and buoyant
market, prices generally showiug an advance of about 10
points.
The rise was mainly due to an advance at
Liverpool.
total
The
sales for forward
delivery for the week are 259,000
bales, including — freeou board. For immediate delivery the total
sales foot up this week 6,601 bales,
including 919 for export,
••New Cotton.
1.300....
1,000....
1,400
2,000
1.100
2 0
16-93
10*99
11*00
11*05
S00
11-07
3,c0)
11*. 8
900
11-03
l.'Hls.n.lfit ..11*10
2.900
11-10
2.501)
1 -11
3,200
11-12
1.600
.11-13
11-14
2.500
11-15
11-16
46,700 total Dec.
For January.
200
1.600
11*00
11*01
1,700
SU0
11*02
11*03
Bast
Indian, Brazil, Ac
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Price Mid. Uplands, Liverpool...
6*d.
5J*d.
£01,000
These figures indicate a decrease in the cotton in
sight to-night
of 526,310 bales as compared with the same date of
1876, a
decrease of 439,920 bales as compared with the
corresponding
date of 1875, and a decrease of 509,497 bales as
compared
with 1874.
At the Interior Ports the movement—that is the receipts
and shipments for the week, and stock to-night, and for the
corresponding week of 1876—is set out in detail in the following
statement:
THE CHRONICLE.
338
Week ending
Oct. 5, 1877.
Week ending
Oct. 6, 1876.
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
Augusta, Ga
Columbus, Ga
Macon, Ga
Montgomery, Ala
8elma, Ala
2.547
4,023
1,061
2,272
3,956
1,476
3,019
3,275
4,172
..
1,365
2,968
9,188
3,444
4,267
7,300
2,6*3
3,326
5,669
2,446
8,873
4,202
4,006
2,215
3,958
2,523
3,031
4,320
2,869
4,581
11,095
3,251
6,f 67
10,835
348
728
613
829
Nashville, Tenn...
37
2,801
2,206
.
50
Total, old ports.
19,239
14,636
1G,4C8
37,623
26,602
31,920
Dallas, Texas
Jefferson, Tex.
Shreveport, La
Vicksburg,Miss....
Columbus, Mies....
Eufaula, Ala
Griffin, Ga
2,334
1,862
1,605
2,302
1.286
19)
1,866
572
464
644
540
8 6
315
Atlanta, Ga
2,387
1,558
3,311
353
800
509
325
Total, new ports
Total, all
Memphis, Tenn
2,980
..
Rome, Ga
Charlotte, N.C
8t. Louis, Mo
Cincinnati, O
900
561
231
486
538
1,70J
1,617
1,651
1,396
2,739
4,749
1,361
2,762
4,230
2,076
808
1 .2*9
3,320
1,330
1,914
1,065
3,650
1,047
5,050
94
410
1.829
470
2,520
409
790
188
2,324
690
870
4,180
5,039
1.592
1,195
1,800
996
300
2,493
1,035
3,304
l,7i8
1,635
1,038
1,052
954
3,198
4,492
17,199
12,592
13,332
28,077
20,887
25,128
36,438
27.228
29,720
65,700
47.489
57,048
towns have been
18,384 bales less than the same week last
year.
by Telegraph.—Generally speaking,
quite favorable for developing: and gath¬
ering in the crop. This is especially true with regard to the
western and 'southwestern sections.
A storm, however, has
passed up through the Atlantic States, with a rainfall at many
points of a little over an inch. Cold weather seems to be follow¬
ing the present rain, as our correspondents report frost near
Memphis last night, and also at Columbus, Mississippi, but not
Weather Reports
the past week has been
The rainfall for the month is twelve and
hundredths inches.
lowest 69.
sixty eight
Montgomery, Alabama.—It has rained this week on four days,
the rainfall reaching eighty-two hundredths of an inch, but as
the week closes there has been a favorable change in the
weather.
The roads are bad, and the rain has interfered with
picking.
Average thermometer 72; highest 85 and lowest 59.
during the month has been four inches and seven
The rainfall
hundredths.
Selma, Alabama.—It has rained on four days this week, not
heavily; as the week closes there has been a lavorable change in
the weather, and it is now clear and cold.
Madison, Florida.—Telegram not received.
It is believed that the cotton crop
than last year.
of this section will be about
two fifths less
Macon, Georgia.—Telegram not received.
Atlanta, Georgia.—We have had a shower on one day; it has
steadily one day and has been misty one day, the rainfall
altogether aggregating one and twelve hundredths inches. The
thermometer has averaged 71, the highest being 81 and the low¬
The rainfall during the month has been three and nine¬
est 65.
rained
hundredths inches.
Columbus, Georgia.—It has been showery two days
teen
The above totals show that the old interior stocks have
increased during the week 4,603 bales, and are to-night 15,512
bales less than at the same period last year. The receipts at the
same
[VOL. XXV.
the rainfall
mometer has
this week,
reaching forty hundredths of an inch. The ther¬
averaged 71. Crop reports are less favorable than
they were a few weeks since, the plant having suffered much
damage during late weeks.
Savannah, Georgia.—There has been rain on three days and
the balance of the week has been cloudy.
The thermometer has
averaged 74, the extremes being 64 and 83. The rainfall has
been two and nine hundredths inches.
Augusta, Georgia.—We have had heavy and
general rain the
reaching two
earlier part of the week on four days, the rainfall
inches and thirty-six hundredths, but the latter
clear and pleasant. Accounts are about the same.
part has been
Picking has
by the storm. Planters are sending their
cotton to market freely.
The thermometer has averaged 73, the
a killing frost.
highest being 85 and the lowest 65. The rainfall during the
Galveston, Texas.—There has been no rainfall this week, and month has been four inches and nine hundredths.
Charleston, South Carolina.—It has rained every day this week,
picking is progressing finely. The prospect is unchanged. The
thermometer has averaged 78, the extremes being 69 and 87.
but, as we write, there has been a favorable change in the
The rainfall during the month has been thirteen inches and weather.
Average thermometer 75, highest 84 and lowest 67,
The rainfall is one inch and ninety-six hundredths.
eighty-five hundredths.
The following statement we have also received by telegraph,
Indianola, Texas.—We have had a shower on one .day of the
week, the rainfall reaching seven hundredths of an inch. showing the height of the rivers at the points named at 3 o’clock
We give last year’s figures (Oct. 5, 1876) for com¬
Average thermometer, 79 ; highest 93, and lowest 66. The Oct.. 4.
crop in this section will be the smallest for many years. There parison:
Oct. 4, ’77.—* r—Oct. 5, ’76.has been a rainfall of two inches and for^y-one hundredths
Feet.
Inch.
Inch.
Feet.
10
1
3
during the month.
i.. Below high-water mark.
7
16
4
Corsicana, Texas.—It has not rained here all this week. The
.Abovelow-water mark..
10
1
9
low-water
.Above
mark.*.
thermometer lias ranged from 52 to 98, averaging 75.
Accounts
8
6
1
4
...Abovelow-water mark..
from the interior are conflicting as to the yield, but there is
11
24
Missing.
..Above
low-water
mark..
Vicksburg.
hardly a leaf left on the plant. The rainfall for the month is
India Cotton Crop and the India Famine.—A correspon¬
two inches and thirty-three hundredths.
dent
writing from Mobile asks us the following, which covers
Dallas, Texas.—We have liad no rain all the week. Picking
is progressing finely and will close early, but still it is thought points others of our readers may be interested in.
that the yield wdl exceed last year.
Average thermometer, 78 ;
Will you please inform us, through your valuable paper, if
highest, 84, and lowest, 54.
The rainfall during the month has the present famine in India embraces any part, or all, of the
been four inches and twenty five hundredths.
cotton-growing belt; and, if so, how far the plant is advanced at
Brenham, Texas.—Picking is progressing finely, but the top this time of the year ?
G. G. & Co.”
The thermometer has aver¬
crop will be poor, almost nothing.
This inquiry appears to raise three questions, and we answer
aged 81, the highest being 94, and the lowest 67. There has
been no rainfall during the week.
The rainfall for the month is them in the order they are suggested.
First. The famine referred to was last year and is this year in
eighty hundredths of an inch.
ffew Orleans, Louisiana.—There has been no rainfall here this Southern India, and
confined, we believe, almost, if not entirely, to
week.
The thermometer has averaged 77. The rainfall for the
Madras
the
districts.
There has been this year, during August,
month is sixteen and thirty hundredths inches.
Shreveport, Louisiana.—The weather continues favorable for much anxiety felt because of the small rainfall in almost the
picking, and there is very little change from last week to note. whole cotton section; but the last week in August this was relieved >
There has been a slight advance in the price of picking ; some
as our Bombay cable despatch of August 31 showed.
During
damage was done by the recent storm, probably as much as 3 per
that
week
the
country
around
Kandeish,
the
Berars,
Guzerat,
&c.>
cent to open cotton.
Average thermometer 69; highest 89 and
lowest 49.
The rainfall is thirty hundredths of an inch.
the rain was heavy and continuous, and the crop prospects,
Vicksburg, Mississippi.—It has not rained all the past week. therefore, in all that region were,at our latest advices, excellent.
The thermometer has ranged from 57 to 88, averaging 74.
Other rains have fallen since, and it is now, we believe, only in
Columbus, Mississippi.—The rainfall during the week has been
The total exports
eleven hundredths of an inch. Crop prospects continue about the the Madras districts that the drought prevails.
same as last reported, and picking is progressing slowly.
We of cotton from Madras in any average season, with fair prices,
would be from 150,000 bales to 200,000 bales of 300 lbs. average
have had a frost this week, but not a killing frost.
In 1876 the imports into Great Britain from Madras
Little Rock, Arkansas.—The weather was clear and warm ur> weight.
were 167,410 bales.
Of course the famine has not wholly
to Wednesday evening this week, when it clouded and the wind
changed to the north. Since then it has been clear, with cool destroyed the production in this section, but only curtailed it.
days and nights.
Average thermometer 72, highest 95 and Last year’s famine will result in a decrease of the shipment from
Madras during 1877, according to the best authorities, of about
lowest 44.
Cotton picking is progressing favorably.
Nashville, Tennessee.—The weather during the week has been 100,000 bales.
Second. The new season in India begins with the monsoon,
warm and dry and exceedingly favorable, the thermometer ranging
from 58 to 80 and averaging 69. There has been no rainfall. The which usually breaks in the Central Provinces about the 15th of
rainfall during the month has been five inches and thirty-eight June, and continues, with interruptions, for about four months.
It is considerably later in the Madras districts. The cultivators in
hundredths.
Memphis, Tennessee.—There has been no rainfall this week. the Central Provinces prepare the soil early in June, by running
The days have been warm, but the nights have been cold. over it the “ bukhur,” a light, native grubber, and sowing oper¬
Opening and picking progress slowly. Average thermometer 72; ations being immediately after, or on the first subsequent break
highest 86 and lowest 52. There was a frost in the country near of fine weather. This is the case in the earliest India districts;
here last night, the thermometer touching 42, and considerable elsewhere the planting is continued all along to and into October,
and sometimes even later.
killing was done.
Third. As a result of the above facts, the present stage of
Mobile, Alabama.—Two days of the week have been cloudy,
and it has rained severely on one day, the rainfall reaching one growth of the plant may be easily understood.
In some places
inch and ten hundredths, but the rest of the week has been the seed is not yet in the ground, and in others the plant is well
pleasant. As the week closes there has been a favorable change advanced. The planting in the Madras districts averages, we
But the shipments from that quarter
in the weather.
Accounts from the interior are conflicting. believe, about September.
are already reduced to so low a point that the present famine
Picking has been interfered with by the storm and recent in¬
clement weather.
Average thermometer 74; highest 86 and cannot in any event materially affect next year’s supply.
been interfered with
O
u
.
.
“
-
!
■
October
Bombay
6,1877/j
THE CHRONICLE
Shipments.—According
339
to our cable
despatch received
The particulars of these
to-day, there have been
bales shipped from
shipments, arranged in our usual
Bombay
to
Great
are as follows:
form,
Britain the past week, and 3,000 bales to the
Continent;
while
the receipts at Bombay during this week have been
New
York
Liverpool.
Cronstadt.
1,000 bales.
Total.
The movement since the 1st of January is as
9,110
1,102
10,212
follows. These are New Orleans
1,851
Baltimore.
the figures of W. Nicol & Co.f of
1,851
Bombay,
and are brought Boston
739
729
down to Thursday, Oct. 4 :
63
Philadelphia
63
,-Shlpments tnis
102
....
....
....
Great
ConBritain, tinent.
1877
...
1876*"
1875*.
/-Shipmentssince
Great
ConBritain, tlnent.
Total.
3.000
3,000
11,000
14,000
....
3,000
..
week-%
376,000
651,000
Jan. 1-^
*
This
week.
Total,
411,000
788,000
373,000
924,000
415,000 1,210,000
801,000
From the
102
....
,—Receipts.—
Sinte
Jan.i,
2,000
998,000
7,000 1,010,000
2,000 1,240,0C0
Total
11,865
1,102
12,967
Below we give all news
received to date of
vessels carrying cotton from
disasters,
&c.,
to
United States ports :
Egypt, str. (Br.), Grogan, at
Liverpool Sept. 12 from-New York, in
Huckisson Dock on
...
foregoing it would appear that, compared with last
the 14th, struck the
leaving
gates and sustained
year, there has been a decrease of 11,000 bales in the
propellor.
damage to
week’s
Gen.
ship¬
ments from Bombay to
Whitney, str., from New Orleans for New
Europe, and that the total movement
York, put into Charleston
Sept. 28, P. M.. for coal,
since January 1 shows a decrease in
having encountjr6d heavy winds.
shipments of 136,000 bales,
Cotton
freights the past week have been as follows
compared witn the corresponding period of 1876.
:
Liverpool.
,,—Havre.—*,
Gunny Bags, Bagging,
Bremen.—, ,—Hamburg.-,
Steam.
Sail,
Steam. Sail. Steam.
Etc.—Bagging still rules very
Sail. Steam.
and the business doing
d.
d.
Sail.
c.
is of a trifling character. There quiet,
c.
c.
c.
c.
have
c.
Saturday..
c.
been no inquiries for ro»nd
H
comp.
X
comp.
X comp,
parcels, and tlie tendency is to easier Monday....
comp. —@—
X comp. X comp.
figures; a parcel of standard quality can now be had at
comp,
Tuesday.
comp.
X comp. X comp.
12
with light weight held at
comp,
comp
X comp. X comp.
12@12£c. There have been sales Jc., Wedn’day.
comp,
..
dur¬ Thursday.. 5-16®% 14
comp.
ing the past month to go South of about 15,000 rolls.
comp. X comp.
comp,
Butts are Friday
comp.
5-16@)£ X comp. X comp.
not moving, and the
comp.
Market
qi&efc market is still undisturbed. The
quiet.
comp.
demand is only for small
parcels, and no inquiry is to be noted.
Liverpool,
October
5—4:30 P.M.— By Cable from
We hear of no sales of
Liver¬
moment, and prices are
pool.—Estimated sales of the
unchanged,
holders quoting 3£@3£c.
day were 18,000 bales, of which
The deliveries for tlie
2,000
bales
were
for export and
past month
have been 9,156 bales, and the
speculation. Of
stock on Landis as
follows to 9,650 bales were American. The weekly movementto-day’s sales
October 1 :
is given as
follows:
Stock In New York and Boston
Bales.
Expected shipment during October
16,800
34,760
20,00j
Sailed for United States to
October 1
Total supply to March 1, 1878
71,560
There are no lots
make rates
steady.
being forced, and this, has a
to
To arrive, parcels of new can be tendency
had at 2£c.
The Exports of Cotton
from New York, this
week, show an
increase, as compared with last
week, the total reaching 10,212
bales, against 2,968 bales last week. Below we
give our usual
table showing the
exports of cotton from New
York, and their
direction, for each of the last four
weeks; also the total exports
and direction since
Sept. 1, 1877; and in the last column the
total
for the
same
Exports
of
period of the previous
year:
Cottontbales)
WEEK ENDING
Same
EXPORTED TO
Total
12.
Liverpool
Sept.
19.
Oct.
26.
3.
date.
9,110
17,686
2,430
1,585
1,101
2,963
Total to Gt. Britain
4,015
1,104
2,968
Havre
Other French ports
1,535
91
....
Total Frencli
to
Sept.
Other British Ports
9,110
....
91
....
Hamburg
m
Total
to N.
Europe.
All others
Spain, See
.
•
following
• • •
•
• •
•
•
•
•
•
....
1,102
....
•
•
•
1,102
•
year.
29,841
222
3,267
....
....
...
.
222
3,267
169
200
185
900
•
•
•
5,002
5,162
1,285
7,915
....
1,195
....
2,968
...
10,212
....
24,655
34,396
Sept. 1/77
This
Since
week.
Sept 1.
New Orleans..
Texas
2,964
Savannah.....
2,381
Mobile
Florida
8’th Carolina
898
Virginia
North’rn Ports
Tennessee,
Foreign
4c
PHILADELPHIA
BALTIMORE.
This Since
week. Sept.l.
This Since
week. Septl
Since
Septl.
13,244
....
5,044
‘336
9,695
521
••••
97*4
.
..
*685
~!5
....
N’th Carolina.
BOSTON.
This
week.
4,603
-8,263
411
636
1,292
165
536
19
2,411
’337
273
727
*358
1,726
3,783
2,467
905
948
550
117
381
’io*>
...
1,*522
601
143
941
*406
Total this year
13,274
41,661
2,968
6.944
627
Total last
1,350
1,736
3,412
28,810
81,143
2,161
6.562
561
2,064
1,690
3,528
year.
Shipping News.—The
exports of cotton from the United
States the past
week, as per latest mail returns, have reached
12,967 bales. So far as the
Southern ports are concerned,
sre the
these
same exports
reported
by telegraph, and published in
The Chronicle last
With regard to N^w
include the manifests Friday.
York, we
of all vessels cleared
up to Wednesday
bight of this week.
v
New
’
Total bales.
York—To Liverpool, per steamers
1,331
1.436
Britannic,
Italy, 1,845....Russia, 471 Guillermo,
...City of Montreal, 1,694....
Wyoming, 2,333
To
9,110
Cronstadt,
per
steamer
Hindoo, 1,102
New Orlkans—To
1,102
Liverpool, per steamer Rubens, 1,851
Baltimore—To Liverpool, per steamer
1,851
Hibernian, 739
R09TON—To Liverpool,
739
per steamer
Massachusetts,
63
ihiladelphia— lo Liverpool, per steamer
63
Barbary, 102
102
—
Oct. 5.
77,000
10,000
73,000
11,000
43,000
5,000
45,000
7,000
43,000
....
»
....
....
•
•
•
.
Sept, delivery, 6 5-16@9-32d.
Sept. Oct. delivery, 6 9-32d
Oct.-Nov. delivery, 6)*d.
Nov.-Dee. delivery, 6 9-32@J^d.
Oct.-Nov. delivery. 6tfd.
Nov.-Dee. delivery, 6)4d.
Oct.-Nov. shipment, new
shipment,
6)4 d.
Monday.
I Dec.-Jan.
shipment,
I
6 9 32 l.
new
crop, sail,
new
crop, sail,
Nov. de’ivery, 6)4d.
Jan.-Feb.
6 5-16d.
new
shipment,
new crop,
sail,
Oct.-^ov. delivery, 6 9-32d.
Dec.-Jan. delivery, 6 9-32d.
Jan.-Feb. delivery, 6 9-32d.
Nov.
delivery, 6 5-l6d.
Sept -Oct. shipments,
6 5-16d.
new crop,
sail.
crop, Bail,
delivery. 6 ll-32d.
delivery, 6)4@ll-32d.
Dec.-Tan. delivery, 6 11-321.
Jan.-Feb. delivery, 6 ll-32d.
shipment,
Dec.-Jan. delivery, 6)*d.
Oct.-Nov. shipm't, new
crop,sail, 6)4d.
Nov.-Dee.
Tuesday.
Oct.-Nov. delivery, 6)tfd.
Nov.-Dee. delivery, 6)4d.
Dec.-)an. delivery, 6)£d.
Jan-Feb. delivery, 6)tfd.
Nov. delivery, 6 9-32d.
Nov.-Dee. delivery, 6 9-32d.
Oct.-Nov. shipment, new
Jan.-Feb.
Saturday.
crop, sail,
Oct. delivery, 6)4d.
Nov. delivery. b)4d.
Wednesday.
Dec.-Jan.
6 ll-32d.
shipment,
Oct-Nov. shipment,
6 ll-32d.
Nov. delivery, 6*4d.
crop, sail,
are the
NSW YORK.
Sept. 28.
3,000
....
Oct.-Nov.
Nov.-Dee.
receipts of cotton at New York, Boston,
Philadelphia and Baltimore
for the past week, and since
becb’tsprom
of which
6*d.
....
Sept. 21.
83,000
84,000
1,000
51,000
5,000
7,000
5,000
speculators took
14.000
9.0)0
Total stock, actual
7,000
740,000
690,000
do
598,000
estimated
535,000
of which American actual
633,000
444,000
405,000
307,000
do
do
270,000
estimated.
Total import olthe week
353,000
11,000
23,000
of which American
24,000
8,000
9,000
3,000
Actual export
5,000
5,000
5,000
6,000
Amount afloat
7,000
5,000
113,000
96,000
of which American
77,000
98,000
16,000
16,000
14,000
20,000
The following table will show tble
daily closing prices of cotton for the
week:
SjyOl.
Satur.
Mon.
Tues.
Wednes.
Thurs.
Mid. Upl’ds
Fn.
mv%
..mx
..mx
..@6)*
Mid. Orl’ns
..@6*
-mx
@6)4
..@6)4
..@6*
..@6*
Futures.
.wx
..@6*
These sales are on the basis of
Uplands, Low Middling clause, unless other¬
wise stated.
6)4 d.
....
....
Grand Total.....
The
.
3,900
Spain. Oporto* Gibraltar 4 c
Total
.
8>900
prev’ns
29,841
....
....
period
19,271
Bremen and Hanover
Other ports
Sept. 14.
bale?.
Forwarded
Sales American
of which exporters took
’
-
from New York since
Sent. 1, 1877
Sept.
Sales of the week
new
crop, sail,
new crop
sail.
Thursday.
Oct. delivery, 6*4d.
Nov. delivery, 6 7-16@13-32d.
Oct.-Nov. deliver}', 6%d.
Nov.-Dee. delivery, 6 13-32d.
Dec.-Jan. delivery, 6J£d.
Jan.-Feb. delivery, 6J£d.
Nov-Dec. shipment, new
crop, saiL
6/4 d.
Dec.-Jan. delivery, 6 13-32d.
Dec.-JaD. delivery, 6 13-32d.
Oct.-Nov. delivery, 6 13-32d.
Dec.-Jan.
Sep.-Oct. shipments, new crop, sail, Oct.-Nov. delivery, 6)4d.
delivery, 6J£cL
omitted, 6 7-ied.; sail, 6 13-32d.
Nov.-Dee. delivery, 6 2-3d.
Oct.-Nov. shipment, new
crop,
sail,
I
6 13-321.
I
Friday.
Oct. delivery, 6 7-16@15-32d.
Nov. delivery, 6 7-16d.
Oct.-Nov. del., 6
13-32@7-lfi@15-32d.
Nov.-Dec. delivery, 6 7-16d.
Dec.-Jan. delivery, 6 13-32@7-16d.
Jan.-Feb. delivery, 6>*d.
Sept.-Oct. shipments,
omitted, 6 7-16d.
Oct.-Nov. shipment,
new
new
crop, sail,
Oct.-Nov. shipment,
new
Nov.-Dee. shipment,
new
crop; sail,
Dec.-Jan. shipment,
new
crop, sail,
6 7-16d.
6 7-16d.
6'^6d.
Jan.-Feb. shipment,
6 15-32d.
crop,
6 13-3 2d.
Nov.-Dee. shipment, new
crop,
6 13-32d.
Nov. delivery, 6>id.
BRE
sail,
sail,
new
crop,
crop,
sail,
sail,
Nov.-Dee. delivery, 6 15-32d.
Nov.-Dee. delivery, 6 7-16d.
Feb.-Mar. shipm’t, new
Jan.-Feb. delivery, G crop,sail, 6)4d.
13-32@7-16d.
ADSTUFPS.
Friday. P. M.. Oct. 5, 1877.
The flour market has been
quite dull and prices have in the
course of the week declined
materially. Large lines of good
medium extras sold for the West
Indies at $6 40@G 65—such
flours as but recently
brought $7@7 25—and buyers for Great
Britain had limits for common
extras reduced to
$5
85, but
at these
figures little could be obtained ; in fact, the 75@5
decline has
been most conspicuous in the
medium and better
grades. Pro¬
duction has been
greatly increased, and with the check to the
upward course of prices, home
withdrew.
market.
To-day, there
buyers,
was
a
as
steadier
usual,
but
a
immediately
rather quiet
[Vol XXV.
THE CHRONICLE
340
With the termi¬
2 red winter for
prompt delivery, that quality declined from $1 58 to $1 43, and
in sympathy therewith No. 2 spring fell to $1 31(2)1 33. At these
prices there was an active demand, to fill freight engagements and
from local millers, but very little new export business was en¬
tered upon.
Receipts at the West are twice as large as last year,
the visible supply accumulates rapidly, and dull accounts
from Liverpool have been received; still,prices for Oct. and Nov.
delivery have declined but l@2c. per bushel. To day, the mar¬
ket
better; No. 2 Milwaukee sold at $1 34£, on the spot, and
No. 2 Spring, New York grade, at $1 30^1 30^ for Oct., but the
greatest improvement was in No. 2 red Winter, which sold for
Oct., at the first call, at $ 1 43@I 43£ and, at the second call, at
$1 454@1 4(5.
It was neglected
Indian corn was depressed early in the week.
by shippers, and the home trade is curtailed by the relative
cheapness of oats as an article of feed. But it is discovered that
supplies at the West are less liberal, and latterly prices have
tended upward, prime sail mixed closing to day at 58f@59c. on
the spot and for all Oct., and 59£@G0c. for Nov.
We are wholly
without supplies of Southern corn.
Rye has sold moderately at 71|@72c. for No. 2 Western, but
State is dull and nominal. Barley has declined to 80c. for prime
State and 90c. for Canada West, owing to the weather being too
mild for malting, but the close, with seasonable weather, is
There has been an irregular decline in wheat.
nation of the “ corner” on contracts for No.
bbls.
Philadelphia
Oats have been
prices—No. 2 at 344@35c. for
« bbl.
No. 2
Superfine State &
West-
ern
*
3xtra State,
5 90
103
Ac
Western Spring
Wheat
6 10
25'& 7 75
803
extras
do XX and XXX
do winter X and XX..
do Minnesota patents..
Southern, yellow
Rye
Oats—Mixed
653 6 60
City shipping extras
City trade and family
brands
Southern bakers’and fa¬
mily brands.
Southern shipp’g extras..
Rye flour, superfine
Oommeal—Western, &c.
Corn meal—Br’wine. Ac.
6 753 8
6 003 6
4 25-3 4
2 703 3
8 353
Barley—Canada West...
State, 2-rowed
01
State, 4-rowed
65
75
Barley Malt—State
...
.
Canadian
10
Peas—Canada.bond&free
breadstuffs at this market has
The movement in
lows :
RECEIPTS AT
HEW
1877
Same
time
1876.
-1877.Since
For the
Jan. 1.
week.
,
Since
Jan. 1.
of Grain,
Supply
canals
Total
723,169
565,925
533,891
,
2,600
t
....
142,206
63,457
57,892
92,102
134,869
63,621
14,056,171 2,424,903 1 ,630,714
651,009
18,445,704 2,976,917
738.457
227,691
13,625,681
14,780,192 885,991 692,771
comprising the stocks in
accumulation at lake and
the New York canals
1876.
For the
Since
week.
Jan.l.
21,000
1,090,600
1,372,212
296,009
759,000
823,583
711
47,464
72,021
476,211
41,329
Bariev,
Rye,.
bush.
11,082
39,790
bush.
21,330
19,(X0
39,048
448,181
254,697
5,826
113.039
18,938
..
...
147,000
129,178
70,0(0
...
...
...
*
..
.
.
110.024
30,522
184,9*9
223,037
330.000
6,020
13,325
...
..
...
...
...
...
...
109,372
225,. 33
2,060
278,520
600,000
83,090
100,912
110,398
579,066
297.665
29,166
1,816,000
1,354,0 JO
1,314,500
8,4*8.949
7,502.1-3
6,312,205
5.142.958
8,911,897
11,238,348
13,653
1,548424
•
.....
....
83,660
72,173
109,997
271.437
3,154.406
887
10,000
40,000
85,595
10,174
82,567
4,043
20,COO
65,937
199,502
9,200
59,632
•
*
•
•
57,771
12,956
10,131
•
11,495
18,328
1,629
391,522
698,000
393,000
143,427
15,648
161,003
95,000
174,000
163,000
993,851
579,410
597,695
744,635
533,181
556,606
1,294,048
582,697
3.602.963r 1,489.853
10.853,172 3,368,966
11,084,248 2,680,931
10/16.488 2,632,815
9,670,696 2,566,696
51-6,(06
Estimated.
THE DRY GOODS
•
been as fol¬
2.200
Oats,
bush.
919.803
20,0(0
_
_
Sept. 8, 1877
*
Corn,
bush.
314,403*
...
...
Sept. 30,1876
follows:
3,106,182
...
Sept 22,1877
Sept. 15, 1877
HEW YOltK.-
-EXPORTS PROM
YORK.
736,80 4
4,000
12,000
88,696
1,833,2 2
1,990,701
1,799,933
by rail, Sept. 29, 1877, was as
Afloat in New York
353
67*3
3
803
65.3
1 003 1 15
823 1 10
•
1,757,818
in store at New York
In store at Albany
In store at Buffalo
[n store at Chicago
In store at Milwaukee
[n store at Duluth
In store at Toledo
Iu store at Detroit
In store at Oswego*
lu store at St. Louis
In store at Boston
In store at Toronto
Iu store at Montreal
In store at Philadelphia...
In store at Peoria
In si ore at Indianapolis.,..
In store at Kansas City....
In store at Baltimore
Rail shipments, week
Lake
wee*
do
32.a
White
7 75
7 003
2.951,780
215.747
23>,896
bush.
58@
.3
683
..
223,511
Wheat,
573
Yellow Western
903 7 75
253 9 25
321,600
4,879
Rye,
buth.
but-h
Estimated.
and
403
403
473
Com-West'n mixed, new
161,400
154,300
90,714
16,740
22,407
14,714
Barley,
granary at the principal points of
seaboard ports, and in transit on the Lakes,
|3 003 4 *25 J Wheat—No.3 spring,bash $11 253 1 30
223 1 S5
No. 2 spring
1 873
No. 1 spring
853 5 25
1
1
1
.
The Visible
mixed, and 37£(2)374c. for white.
Red Winter
Amber do
White
.
373,000
bush.
56.4C0
....
(iRAIN.
Flour.
.
Oats,
bush.
66.6)5,921
Jan. 1 to Sept. 29... .5,255,550 16,698,130
.6,917,132 31,439,174 67,191,228
Same time 1876
.6,725,804 37,705,497 4»,752,886
Same time 1875
.7,822,COJ 49,216,055 43,249,720
Same time 1874
the closing quotations:
The following are
.
Total
of late
close at some reduction
less active and
.
Previous week
Cor. week’76
was
steadier.
.
Baltimore
New Orleans
Com,
bush.
Wheat,
Flour,
TRADE.
Friday, P. M., Oct
package trade has been quiet the past week
bing distribution was comparatively light, owing to
ance of
warm and unseasonable weather, which
consumptive demand for fall and winter goods.
The
however,
5, 1877.
and the job¬
the continu¬
retards the
There was,,
a constant demand for small reassortments through the
quantities of staple and
fancy goods changed hands. The print market continued very
quiet and stocks are heavy, despite a large curtailment of pro¬
duction within the last few weeks.
Staple cotton and woolen
goods were nominally unchanged in price, but there was rather
more pressure to sell certain makes of bleached cottons and
The following tables show the Grain in sight and the move¬ medium fancy cassimeres by means of slight concessions. For¬
ment of Breadstuff's to the latest mail dates:
eign goods were less active, but fairly steady, and most of the
offerings at auction were meagre and unimportant.
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
Domestic Cotton Goods.—The exports of domestics from
SEPT. 29, 1877, FROM JAN. 1 TCb SEPTEMBER 29, AND FROM
AUG. 1 TO SEPT. 29.
this port for week ending Oct. 2 were 1,332 packages which
Rye,
Barley,
Osts,
Corn,
Wheat,
were distributed as follows,:
United States of Columbia, 510
Flour,
bush.
bnBb.
bush.
bush.
bush.
bbls.
packages
;
Hayti,
232
;
Great
Britain,
158; Argentine Republic,
(48
(56
lbs).
lbs.)
(32
lbs.)
(56 lbP.)
(196 lbs.) (60 lbs.)
At—
72,076 147 ; Brazil, 113; British West Indies, 38 ; Central America, 35 ;
218,427
687,748
1,011,082 1,301,710
38,586
Chicago...——- ..—
18,315 British Honduras, 35 ; Cuba, 32, &c.
176,952
55,400
30.050
Shipments of several
52,069 1,606,015
Milwaukee
3,283
59,905
255,181
354,159
1,0S6
thousand
Toledo
will
be
China
packages
made
to
within the next
50,714
3,809
3,229
321,734
12,847
Detroit
800
800
few days on account of orders received some time ago. Brown
55,700
36.100
15,800
1,733
Cleveland
78.118
8,732 and bleached cottons were in steady but moderate request at95,321
203,745
39,5=5 264,176
St. Louis
19,200
21,600
163,100
135,700
9,6C0
1,980
nominally unchanged prices, and there was a fair hand-to-mouth
Peoria..
Cotton flannels were fairly active in
122,906 demand for colored cottons.
499,706
1,167,888
1,965,718
3,582,596
147,891
Total
122,28!
504,951
1,071,129
low
1,959,258
2,997,651
grades,
but
the
finer
qualities
ruled quiet. Corset jeans
127,108
Previous week
118,506
841,068 438,865
3,029,916
moved slowly and rolled jaconets and glazed cambrics were slug¬
Corresp’ng week,’76. 112,055 1,798,091 1,188,823 1,126,446 444,972
81,434
’75.. 107,395 2,167.070
gish. Print cloths were more active, and considerable sales of
rot Jan.l to Sept 29.3,153,146 29,006,718 63,387,624 17,618,690 4,687,475 4,159.603
j
feme time 1876
3,S22,303 37,133,678 62,353,139 19,092,698 4,416,(03 1,649,394 extra 64x64s were made to printers and speculators at 3£, cash, to
lame time 1875
3.390,398 45,307,563 38,567,754 18,033.725 2,990,714 2,178,398 J 3 ll-16c., 30 days. Prints were quiet and Bomewhat irregular, but
ginghams and cotton dress goods were in good demand.
lame time 1674......4,500,060 60,306,676 49,000,156 21,468.328 3.613,066 1.150,800
Domestic Woolen Goods.—There was a light movement in
Pot.Aug. 1 to Sept. 29 924,304 18,715,193 20,720,029 5,255,990
6.972.823 1,446,764
1,968,291 1,219,676
651,978
feme time 1876.
886,535 10,689,540 19,948,791 7,372,356 1,435,459 614,086 men’s-wear woolens, and flannels and blankets were devoid of
feme time 1875
745,479 14.925,775 10,829.235 6,801,038 1,392,973 373,653 animation, but there was a steady demand for worsted dress
960,429 17,313,473 10,609,490
feme time 1874
For the
week.
medium of orders,
and in this way fair
936,704 33,782 1,449,325
flour, bbls
735
2,689
132,821
165,875
141,893
175,817
3,025
C. meal, “
19,011,147 1,319,224 9,435,066 275,892 19,347,598
Wheat, bus 1*385,801 9,020,033
564,922 19,129,762 583,006 13,176,675
Corn,
“ 1,016,494 26,576,737 18,976.488
784,121
21,095
112,659 1,503,066
863,755
92,997 1,199,310
Bye,
“
9,185
533
803,166
2 647,230
Barley. “ . 232,9=9 2,782,013
457,995
150
30,199
150,244
330,186 7,886,192 8,682,810
Oats....4’
,
91,011
t,
31,837
190,952 2,825,356
.
•
•
•
“
..
.
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN
RIVER PORTS FOR THE WEEK ENDED SEPT.
AND FROM JAN. 1 TO SEPT. 29 :
LAKE AND
29, 1877,
Wheat,
Flour,
bush.
bbls.
Corn,
bush.
Oats,
bush.
Barley,
bush.
Rye.
bush.
164,997 2,258,285 1,638,953 848.633 291,515 59,392
141.648 2,529,147 1,306.416 948,202 138,108 118,655
Cor. week’76
134,047 1,326,375 2,192,534
451,522 179,428 75,345
Cor. week’75
873,252 146,651 38,280
122.035 1,161,662 1,097,513
123,210 1.605,242
720,082 374,559 110,543 10,117
Cor. week’74
Cor. week’73
151,521 1,6'’8,584 2,136,116
501,136 158,923 36,302
COT. week ’72
149,317 1,780,S66 1,537,428
429,132 467,834 62,169
Tot Jan.l to Sept.29.3,346,735 24,4S0.273 55,803,787 13,311,393 2,937,061 1,904,723
Same time 1876
3,146,319 34,928,428 58,430,494 16,157,767 1,710,791 1,381,162
Same time 1875
3,725,224 58,995,920 34,209,311 13,«97,035 1,463.005 551,740
4,313,934 47,237,843 38,035,036 13,139,139 1,729,345 2,493,933
Same time 1874
FOR THE
BRCRIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS
JAN. 1 TO SEPT. 29:
1877,
AND
FROM
WEEK ENDED SEPT. 29
Sept. 29, 1877
Sept 22, 1877
,
AtNew York
Boston
Portland *
Montreal
Flour,
Wheat,
Corn,
bbls.
89,259
bush.
bush.
1,430,840
50,349
43,600
1.500
•
•
•
•
777,061
Oats,
bush.
438.005
Baney,
bush.
Rye,
bush.
110,810
67,502
23,100
4,000
12,500
170,000
3,000
174,482
5,06S
4,296
1,149.876
139.950
.
..
18,00)
descriptions of hosiery.
all-wool cassimeres were taken to
and jobbers, but medium and fine
grades moved slowly.
Worsted coatings were in moderate
request, and there was a steady demand for Elysians and rough
makes of overcoatings, but plain cotton warp and all-wool
beavers remained inactive.
Kentucky jeans and satinets ruled
quiet, and repellents were in irregular demand. Worsted lining
serges were fairly active, and there was a steady inquiry for
Italian cloths.
Plain and figured alpacas were in moderate
request, and beaver shawls were sold in fair quantities, but
woolen shawls were lightly dealt in.
Foreign Dry Goods.—There was less spirit in the demand
for imported goods, and sales were only moderate in the aggre¬
gate. Values were fairly maintained and some makes of silks
were rather more firmly held by importers.
Cashmeres were iD
steady request, but merinos and fancy dress goods moved
slowly. Linen goods ruled quiet and Hamburg embroideries
fabrics, shawls, felt
skirts, and some
Low grade cotton warp and
a fair amount
by clothiers
less active.
Men's-wear woolens were
small parcels, but were by no means active.
gloves were in steady but moderate request.
were
rather
importers in
and
sold by
Hosiery
6, 1877. J
October
THE
Importations
of
CHRONICLE
fIM
as
follows
FOB THE WEEK ENDING OCT.
1875
Pkgs
Value.
PkgB.
516
5;i5
289
466
*200,022
960
676
524
936
392
MLinafactureB of wool....
do
cotton..
•
do
do
silk
flax
M scellaneous dry goods
Total..-
lhe
:
ENTERED FOB CONSUMPTION
146,106
204,861
65,CK)3
324
93,349
2,130
$7;9,34l
1876
Value.
•1877
Pkgs.
$355,5:0
139,225
424,739
171,600
102,495
S,488 $1,213,569
,
$221,720
THE
do
do'
cotton..
silk
flax
do
Miscellaneous dry goods.
450
193
101
$183,317
131,533
311,761
187,321
os
48,4
251
87.306
Total
1,479
Add ent’d for consumpt’n 2,130
123,870
Total thrown upon ra’k’t. 3,609
$464,576
1,325
376
cotton.. 173
silk
’ 94
flax
317
do
do
do
*
M scellaneous dry
goods.
$194,793
56,200
$419,186
1,243,569
1,633
3,089
$471,553
1,006,211
57,040
3,483
314
154
S3
203
50
52,466
100,713
68,342
5,230
975
Iddent’dforconBnmpt’E 2,130
eo
$331,351
729,341
flS
122,682
65.322
1J»
419
122
66
406
384
39,798
85,765
41,921
17,290
809
$305,003
1,243,569
4,297 $1,548,572
1,397
3,089
^
»rH
Ci *
V
£ *2
J- 40
«
O
£
z:
*i
$159,078
487519
52,145
80,772
®
^
t-
—
'~'
r-
Glass plate
■Battons*
Coal, tons
Cocoa bags...
x->
a
578
Lead, pigs
.p
99,926
763,206
50,858
19,194
..
Coffee, bags
Cotton, bales
Drags, &c—
Bark, Peruvian..
Blea. powders...
1,374,936
Cochineal
Cream Tartar...
Gambier
2,695
3,854
21.322
7,167
37,347
Tin, boxes
4; 163
785,434
8,253,210
148,973
Tin'slabs,lbs
43,535 Paper Stock
21,098 Sugar, hhds, tcs. &
bbls
2,962 1 Sugar, bxs & bags.
1,039,898
20.65 2
Waste
59.373
3.901
3,955
1,086
33,002
Olive
901
Opium
Soda, bi-carb—
Soda, sal
18,757
49,821
46,254
Soda ash
£Plax
Purs
4,131
4,830
4,716
Cunnv cloth
Hair
2,311
106,049
Hamp, bales
•
Bristles
Hides, dressed..
1.309
4,307
India rubber
44,588
ivory
Jewelry, &c.—
Jewelry
563
Watches
Linseed
^Molasses
Champagne,bktj.
64,782
102,217
29,221
31,767 Cigars
Corks
23,001 Fancy goods..
33,427 Fish
♦....
42,037 Fruits, &r.—
....
3,281
Lemons
3,707
Cassia
359
439
267,419
461,380
83,396
92,298
TT> r-105
•
an
•
•
"
•
pkgs.
Flour
bbls.
Wheat
bush.
■Corn
■Oats
“
“
.....
Rye
“
Barley&malt “
'Grass seed...bags
5,533
2,190,952
9,02o,033
25,576,73?
7,886,192
1,199,310
2,782,013
99,402
58,331
Beans
Peas
bbls.
bush.
Corn meal. .bbls.
Cotton
bales.
Hemp
“
Hides
No.
Hops.,
bales.
Leather
sides.
Molasses
hhds.
Molasses
bbls.
207,874
175,847
416,554
5,938
45,673
•
68,608
.won
^
cS 05
O'?*
“
Tar
“
•
19,892
•
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• -<94
40
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es o
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JO
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•
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•
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•
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.
4-t
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3 9f
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4-T 4jT
*
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•
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•
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•
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f» TO 504-10
1/5 4-1
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4
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•
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re
1
W
.
jg5
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if* o <
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677
•
61,242
821,064
O
ICO
re
•
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2
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•
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41,275
SS
677,718
Met
6,583^049
110,019
05 40 O
.
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aVof3
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1,032,487
275,712
301,002
re
TOO
40 CO
4-1 OO
•
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40 eo
Of
SC SO
•
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•
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05 SO
•
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4-1.
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■
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74,769
98,595
34,932
921,153
46,887
651,017
40 iff
‘s
CO
re
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432
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ao so
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■
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-
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too
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2^
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follows
:
Since
Same
Jan, 1,77 time 1876
.
pj
Of ©
N
•
o ©
*eo
rf<
►.<=■
PJ 4.5
si®*
■
*12 ©
Of
Of
.
40*
•
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4Ofl?40f<5fTJI^-^
•
’oo
05
CO
40
•
4-1
•
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'
eo
•C35
eio'igao
,e>55*ooe*40
®®ttO«
>
O)
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®
H
.bbls.
3,086
;5SK
238,974
14,873
2,922
341,933
7,377
79,47?
45,424
951,066
918,617
4 4
4
44
.
Sugar
40,176 Tallow
44
..bbls.
.hhds.
.pkers.
2,856 Tobacco.... .hhds.
59,245 Whiskey.... .bbls.
294,566 iWool
bales.
’Dressed hogs..No.
1,728,734 1,586,491
737,160
387,576
140,333
28,846
303,527
31,292
26,572
274,345
14,570
713
12,626
53,162
160,233
379,181
445,938
124,931
70,944
423
oo
►00
•
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’MN
•3««o
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►
re
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© to 4-t *o 55 S2I
=® $r
°o c— ao
t—
.
•^wc/gc,
103,250
100,775
60,569
76,394
60,762
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CD ©
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rn
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SfiaSisSi-jlsss.s
mmof3
35.543
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CO 03
N 30
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js
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t>r
a
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truTOtoODcoi-—o'?
t-SO SO 40
.©*©40
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169,425
86,743
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8,784
46,994
115,425
NM
£■
s¥
1
256,042
16,228
28,402
274,445
17,900
2:9?
£“©
00
re
44,220, Steariue
CO
o ©
4—4
Produce.
Pitch
Oil cake
05
'-4J T44
NO
Of
36,703
882,939
January 1,1877, and for
4U
Oo
1-0
,
.
•SW^^OanaO^-O^sS
05 JO 50 OO C- f
Of Sf Of —i
go «-*
of cTos”
fo'io
*0
*
I
/
o
I-
SO eo
71,674
18,976,488 Provisions—
8,632,810
Butter.... pkgs.
663,750
Cheese....
4
Cutmeats
2,647,230
44
90,616
Eggs
44
Pork
72,326
44
Beef
817,219,
44
Lard
141,893
Lard
531,547
.kegs.
2,310 Rice
pkgs.
14,9 9
‘s
ri
3,034
525,3:2
37,124
Tobacco....
2,758
G3,784 L
306,901
oaouo-HOjnosiocoin-^iooo • ■»*
j so o 40 co -« eo eo qo — © ■o*--^©^ *553
’—*
‘a*
at
o'vos" ^30 * q -i
«c
ct>-3
C*
s
t-
a
C)TO4"5*
24,664
453,221
39,556
2,825,356 Oil, lard...
19.011,147 , Peanuts
137
fH
•
«41toco
K
Fustic
3,262,596 3,023,114 Sugar
456
T-1
4-t
Logwood
!
•
Cf
^ 4 . .t05
SO
of 50
,
325.365
2,656,557 2,961,880 Starch...;.
Naval Stores—
‘Crude turp..bbls.
Spirits turp “
Rosin
4,572
-
<?l
O
O
O
330,755
Since
Same
Jan. 1,’77 time 1876
Ashes
00 05
t» SO
•
•
CO -O
os
Cork
The receipts of domestic produce since
Breadstuffs—
CO 05 O so ©•
cn
—• jo •»"
lQOTf*
•
■c t- wan
so os a* <o« a.)
ai Of o
M
318,600
as
:§2
m —i
a-
$
Woods—
in 1876, have been
•O Of
no
182,736
Mahogany
same time
tcau-*ro»?»
■
.2—'V
t;
116,320
Receipts or Domestic
the
O
£
80.105
Ginger
1,831
Pepper
Saltpetre
2,121
1J*
•
Of
105,128
419,169
3c9,733
32,206
2,121
-i
•
5S
833,797
1,201,122
Spices; &c.—
PS
«
901,273
4,689
Oranges.
r.
1,204,965
1,277
Nnts
616,571
561,767
2,1S4
Raisins
663,883
858,939
96,829 Hides, undressed.; 9,079,369 5.628,050
Rice
224,263
157,035
1.228
_
jo ©
®
ff»ir3
4oaor-<40t-.»ococo^'
OJJJJMoo^av'NwOi
©_oo_io r-t-rr-i—icj04OS0 4riTr<
•
.NwcnTf
•«05!0r(0
*2
28,636
Wines
3,997 Wool, bales...
2,6 >4 Articles reported by
1,012
value—
903
05
41
40 ©
N
4)
690
3,230 Wines, &c—
at
d
n
03
477,984
520.837
2,315,728 1,503,872
626.9S0
730,462
44,306
40,585
26,503 Tobacco
366
Madder
Hides,’ <fcc—
Steel.
Tea
12,392
Gum, Arabic....
Indigo
Oil
Spelter, lbs
o*t—
«o n»
r-i tZ *
«. •*
XJ
Hardware
*
00-f
rZ
$372,468
1,006,211
3,019
13,931
6,208
so
•
•
27,299
211,357
24,145
5,140
c*
O O « 3> -o
.
CO
-1
cl
11,035
27.799
O
•
H
31,954
4,486 $1,378,679
29,732
241,508
CO
1-
CD
**
tiScO'-T—^ *
Glassware
G1
»—
5*oco
;S 0)1>T<
"E 00
S «•»
4)
..
O 05
’S
§^£§o
(J 05
ll
Since
Same
Jan. 1,’77 time 1876
Metals, &c.—
Cutlery
lO
ocT
aQ
[The quantity is given in packages when not otherwise
specified.]
Glass
T-lfO
t-'
5
following table, compiled from Custom House returns,
foreign imports of leading articles at this port since
January 1, 1877, and for the same period in 1876:
Earthenware.
C©
© *-i-i «o-* o so
j: t—ao n*-j <
a* n *-?
» tD
o t'® CD
to vr
ao
■
2d
g ** * w 53 «
The
Since
Same
Jan. 1,’77 time 1876
1
S
♦r A
32,555
S
—
^
o
hows the
Ilhina
t-oiSaiOin«®N>Tgwii'('OMain3joi.'n-»S2s?
i-*DO/c«-®f©f^-ri©v..©o-T2Sggglg{55:5«£:S3 " :
SS^oOiO :T^,50 05 0t-oo35ini/jacsoiQd.'!5d6Tf'*c’0
o*d(?»’rtiain«Jm _T •
2£2S;0i2S®*iJ'''*t"00®,'<r^S0,3<?*,^JO
a’-OS^T'OgurHM-,
«f
®*?£«cx>afr'oi'»t-;ci--«-9*rrft2cocr>^reo
*
0500
rl SO r-i
«QC, C*
«
—.
Imports of Leading Articles.
Earthenware—
-
th
.£>» .ONjo®wO —
S N^L^.oojs-iSf c-cf
4,722 $1,477,769
$120,229
S,4S8
Total entered at the port. 3,105 $1,110,692
'•China, Glass and
'
-
.
Total
) n* tit
DURING SAME PERIOD.
$154,650
15
80,939
59,309
43,629
514
237
176
335
371
4,813 $1,662,755
ENTERED FOR WAREHOUSING
6
Minafactures of wool—
-
H1-3
44,152
$1,193,917
-
o *-i
MARKET DURING THE
$178,249
723,341
—
40
a>
3,089 $1,036,211
502
193
82
3.6
242
51,200
93,411
—
»<
OQ
SAME PERIOD.
Manufactureb of wool....
co
0
S Qon
98
•WITHDRAWN PROM WAREHOUSE AND THROWN INTO
from Mew
^
Value.
606
4 37
579
852
565
UJ Leading Articles
•
for the last
week, and also the totals since Jan.
1, 1877
and 1876.
The last two lines show total
values, including the
value of all other articles
besides those mentioned in the
table
^ co
^
co
o
m
m
4, 1877.
e -
^
lork.
following table, compiled from Custom House
returns,
shows the exports of
leading articles from the port of New York
to all the
principal foreign countries, since Jan. 1,
1877, the
totals
The importations oi dry goods at this port lor the week
ending
<Oct. 4, 1877, and for the corresponding weeks of 1876 and
1875, have been
341
Dry Oooda.
- -
«E-
ri
© -1
NH
CJ»
05
©oo
-«
9?!
THE CHRONICLE
342
PRICES CURRENT
4Xd
8 00
Philadelphia
Oement— Rosendaie
IP bbl.
Lime— Rockland, common....V bbl.
Rockland, finishing
5
<3 4 50
© 10 00
28 00 <3 27 00
120
©
80 <3
<3
....
CHKECSKState factory, fair to choice
Vlb
Western factory, good to prime.. “
'COAL—
10 ©
11 ©
D.&H. P. AR.
D.L.AW.
Penn.
Bt’mb
••••
••••
••••
COFFEE—
Rio. ord. car. 60and90
do fair,
do
days.gld.fi lb
gold. ••
gold. “
do
do
do good,
do prime,
Java, mats
-•••
••••
...
20X3
20:
in:
gold
13X1
20]
COPPER-
17*4,
17 ©
16 (dt
l^X©
1< ©
“
*
‘
„
Brazier8’(over 16 oz.)
American Ingot, Lake
19]
20
gold.
Sheathing, new (over
17
18X3
gold.
gold.
Savanllla
Costa Rica
15
....©
22 ©
lsX©
gold, “
gold. “
St. Domingo
16X3
40
40
65
gold. "
“
gold. “
gold
Native Ceylon
Jamaica
Maracaibo
Laguayra
25©3
2o©3
^'@3
0.@3
....©
gold. “
Mexican
Port
Johnston.
3
3
3
3
• • •«
_
^
©
©
12 oz;
18X3
26
21
19]
19;
17
<0
21
on
28
£0
18;
COTTON—See special report.
DRUGS A DYES—
fi lb cur.
Alum, lump. Am
Argols,crude
gold.
roll
f<tt..cur.
**
Camphor refined
CastorolI.E.I.Inbond. figaL.gold.
26
If©
Chloratepotash
“
Cochineal,Honduras, siLver...
Cochineal. Mexican... .........
"
*
prime Am. & 1 r.
East India
cur.
gold.
Cream tartar,
Cabebs,
Catch
Gambler
ci*
8X@
5X@
4X©
“
Fish—
George's (new) A Gr’d Bk.cod.fi qtl. 4 75 © 6 00
pr.bbl. 20 00 @ 72 00
Mackerel, No.l,Vf. shore
Mackerel, No. 1, Bay,.. .
None.
_
Mackerel,No.2 Mass, shore (new). 12 00 @13 50
Mackerel, No. 2, Bay
None.
* ft
©
15
501b.frail 3 40 ©
S 50
1 80
1 60
14
©
1 60 ©
Layer, new
Loose Muscatel, new
London l*.yers
Valencia, new
Currants new
do
do
do
do
©
6X©
16
fi
Citron,Leghorn
Prunes,Turkish fnew)
French
v
Figs, layer
•
..
Canton Glneer.wh A hf.pots.fi cate.
Sardine*, fi hHlf hex
do
Pates
Sardine
.
V quarter box —....
unp re *.
Black be* 11 ««
|{**r**e rUs.
Chrrrle*
;lem* lebar
H *te !«•
hi/ft
i
halve* aud qr».
.
O
©
8X
6X
16*
tx
NomlEa’.
5 ©
5X
7X@
50
©
i3Xft
..
Matron!. I»«1 • hn
fi ft
Domestic Dried—
Ap1 lc-, Sou hein. Mlcd
..¥ ft
»*o
do
quarters
d i
Sta'e, sliced
do
do
quartet*
Patches, parco, Da pdifA chr Ice.
do
10 ©
....©
10X
12
14
15
©
Pig,American, No.l
Pig, American,No.2
Pig, American, Forge
Pig, Scotcn
."fi ton. !8
f0
© 2) 00
Domestic, common.,
10
p.
25
24
24
22
“
••
“
rough
Slaughter crop
Oak, rough
Texas, crop
31
30 ©
32
©
3
S8
S7
“
“
43
3S
40
“
41 ©
Spirits turpentine
RoBin, strained to good 9trd.fi bbl.
low No. 1 to good No. 1
“
“
*•
*•
low No. 2 to good No. 2
low pale to extra pale..
window glass
“
“
“
70
1
2
1
2
4
30
fi lb.
4
11
12
5
f) gal.
©
12X3
5X»
4X©
5
5
8
12
8 00
20
14
•
5X
w
6
©
«
©
5H#
12
7
7X©
8
23
<4
11
:•
•
6
©
«•
24
14
»8
*•
“
*•
“
“
“
“
“
“
Cases...
“
Refined, standard white
M
Naphtha, City, bbls
“
©
©
©
.f* hush.
Canary, kmyrnn
i irmy, 81 lly
Canary, Du on
ll -'fip, 1 or» l(t'i
M«xse« d, kmnrlcao,
Linseed, Calcutta
Lihserd, iiouibsy
rough
¥ *4 B. gold.
¥ tl » g)ltl.
5
EX
8X
fiX
©
8X
9X
6X
3
9
©
8X@
“
“
7X3
10X3
10X3
8X
11
do
granulated
“
“
**
do
cut loaf
“
i«'Xa
....
Coffee, A. standard
“
10
@
11X
do
off A
Wiiite extra C
“
9K3
“
“
9X3
9X3
9X
»X
“
"
8X@
8X3
M
6X3
10K©
9X
»
8X
6X
¥ ft. 7 13-163 7 If-16
•*
....©
...
gold.fift
“
cur.fift
22
30
40
67
do
Choicest
Bone.A Cong.,Com.
8|(
18 a
....©
7 ©
Seed
20
Sup’r to fine
n
•
i«af—New Eng-wrappers*?!-^
fillers,’74-’75..
5
7
TO
5
12
90
75
“
WOOLAmerican XX
American, Nos. 1 A
American, Combing
_
v®
2
'.
Extra,Palled (lamb’s)
No.l, Pulled
do
California. Spring ClipSuperior, unwashed
fnTJr.or;;:::;;;:::::::;:::
Burry
South Am.Merlnc,
-
1 50 '
2 00
2 W
2 10
1 ‘0
1 <7
2 12 X
—
Manufac’d.ln“bond, black work
bright work..
?x
TX
«X
f*ft
•'
Yara, assorted
Havana, com.to fine
6X
80
35
2 50
Ex. flneto finest
••
do
Pa. assorted lots,
15X
8
«X3
sx<s
7X3
.
tofalr....
TOBACCOKentucky logs, heavy
“
leaf,
&
©
@
16
5 75
6 25
27
87
47
©
©
©
@
©
©
©
©
@
26
49
57
82
82
3
©
©
©
6
15
10
7>
24
45
37
52
62
65
85
23
23
22 ©
40
44 ©
.62
13 ©
20
21 ©
23
Nominal.
21 ©
27
82 3
42
43 ©
55
22 ©
28
32 @
42
45 ©
55
65 ©
75
20 ©
25
32 ©
42
47 ©
57
Ex. fine to finest
Choicest
do
do
©
Nominal.
21
30
47
Uncolored Japan,Com. to fair......
do
Sup’rtollne
do
Ex.fine toflnest
Oolong, Common to tair##M
do
Superior to fine
do
Ex flneto finest
©
S
12X©
Hyson Skin.* Twan..com. to fair.
do
do
Sup.to fine
do
do
Ex. fine to finest
©
©
16X
65
Sun. to fine
Extraftne toflnest
do
IS
16
15XS
*•
Common to fair
i.o
10X
17% a
fibxg d
Imperial. Com. to fair
@
8X3
.
“
7X3
do
do
....
Clover, New York State
Tlmotuy
bx
Qunpowder, com to fair
do
Sup.to fine
©
@
©
9 ©
....©
1 4’> M
1 »5 3
..3
2(5 ©
1 VI ©
1 44
©
....©
....©
7^
3
....©
•*
do
Superior to fine
do
Extra fine to finest
do
Choicest
Young Hyson,Com. to fair
do
Super.to flue
do
Ex.flneto finest
do
Choicest
KICK—
.....¥ ft.
'•X2
...
“
TEA—
Hyson,
c
SEtDS—
Clov«r, Western
....
....a
Manila, sup. and ex. sup
Batavia.Nos l'@T2
Plates.I.C., coke
Plates.char.terne
@
....©
....©
1 20 ©
10
“
8X3
BX3
English,refined
67 ©
60 ©
1 10 ©
....©
54 ©
6
14
10X
UX
9
16
9
**
“
Banca
PROVISIONS—
14 25
Pork, mess
fi bbl. 14 10
Pork, extra prime
“
Pork, prime mess, West
“
Beet, plain mess ..
"
13 00
14 00
Beef, extra mess
**
12 00
15 50
Beef h&me.W. sum &wln. cured “
exa
Bacon, City long clear
fi ft
12X«
13*
Hams.smoked .,
“
a
9X
Lard. City steam
“
Carolina, fair to new prime....fi ft.
Louisiana, new, lair to prime..
“
Rangoon, in bond
**
Patna, ex auiy paid
“
SALT—
Turk’s Island
fi bush.
81. Martin
Liverpool .various aorta
f) sank.
..©
“
“
Straits
1 15 ©
....a
42 ©
fi gal.
....©
....©
16
6*
TIN—
47X3
65
©
9X3
10X3
Boxes, c ayed. Nos. 10@12
Ce itrifugal, Nos. 7@13
Mel ado
Western
@
©
©
8X3
85 f 0
S3 00
9
8
Primeclty,
12X4
S5
50
50
I 13X
TALLOW-
fi bb). 22 12X4 2 25
© 2 37X
“
22 25
23 ©
2 25 ©
“
S3X3
¥ gal.
Tar, Washington
14X©
ex©
reflnlrg....fi ft.
Extra C no
NAVAL STORES-
Tar, Wilmington
Pitch, city
60
...@
Yellow C
Other Yellow
Molasses sugars
©
**
Barbadoes
Demerara
Porto Rico
N. O., com. to prime.
3 00
4 UU
* 25
4 OO
3 90
2 13 ©
....©
.
Hard,powdered
MOLASSES—
Cuba, clayed
fi gal
Cuba, Mus.,refin.gr’dp,50te8l,
“
do
do grocery grades.
“
80
S7X
13X
gold.
@ 17 00
....3
....
S2
©
75
CO
50
00
60
castsprlng
R‘fined—Hard, crushed
29
30 ©
27
©
©
@
Store Prices.
Brazil. Nos. 9@ll
LEATHER—
Hemlock,Buen, A’res, h.,m.A l.fift.
California, h., m. & 1
common bide, h., m. A1....
“
ft gall.
Good refining
Prime
Porto Illco. reflu., fair to prime
6 75
©
22X3
22 ©
26 @
“
Irish
Ioferior to common
F"ir
00
7
8
©
©
@
SUGAR-
4
4 75
“
American
00
©
•*
Whiskey, Scotch
American machinery
American German spring
8-10
11
@
©
cur
ft ft
c.)
Gin
English blistered* letquallty.. *•
“
English machinery
English German,2d A 1st quality 0
American blister
.‘...cur.
American cast, Tool
5
fi 100 lbs, gold 6 62X©
“
...
8
4
8
5
3
3
English,spring,2d & tstquality.. “
LEAD—
Ordinary foreign
¥ gall.
•*
English, cast,2d&lstquallty fi ftgold
@132 50
Hoop, Xx.No.22 to 1&1XX.13&14 “
5 © 2
Sheet, Russia
...gold.fift
10X3
Sheet, single,double & trehle.com.
S%@
Rails, Amor., at Works..ft ton, cur. 33 00 @58
Steel rails, at mill
45 00 @ 47
12X
37X
39
Whiskey
Store Prices.
....filb.
Scroll.-
@
iO
21
7
80
85
13
STEEL—
41
2 5-10©
21
.
do
woo © 19 U0
16 50 © 18 00
24 (0 © 26 50
Bar, Swedes,ordinary sizes..f> ton. 130 00
6
6X3
Alcohol
37
@
6
...,@
Batavia
Domesticliquors—CssYi.
....
40
6 00 ©
5 67X4
12X3
Brandy, foreign brands
Rum—Jam.,4th proof
St.Croix,3d proof
52
44
©
5 12X
fi Ib.gold
SPIRITS—
4
35
6 00
©
Cloves
do stems
42X@
40 @
Nicaragua, scrap
Mexican, sh^et
©
....
Nutmegs,Bataviaand Penang
Pimento, Jamaica
13
7
33 ©
43 @
89 @
33 ©
Esmaralda, prebsed, strip
Guayaquil, p-essed,strip
Panama strip
Carthagena, Dressed
Nicaragua, »heet.
6X
3 37X
None.
None.
do
Calcutta
Mace
13
11><
S @
4 ©
2 ©
INDIA RUBBEKPara, coarse to fine
PETROLEUM—
Crude, in bulk
*
Vitriol. blue.common
per
14
uy
12X3
11 ©
fi ft.
Crop of 1S77
Crop of ISIS..
Olds, all growths
Linseed,casks and bbls
Menhaden, crude Sound,....
Neatsloot, No. 1 to extra
Whale,bleached winter
Wbale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil, Noe. 1 and 2
Sugar of lead, white, prlme.fi ftcur.
....
13 ©
10X3
8 ©
11 x
4 50
Ginger, African
14
IIOPS-
Cotton seed, crude
Olive, in casks V gall
Sal soda, Newcastle..fi loO lb, gold
Shell Lac, 2d A 1st English, fi ft.cur.
Soda ash
f* 100 ft. gold
Raisins,Seedless.
do.... gold
WetSalted—Buen. Ay, selected “
Para,
“
do....
California,
do....
**
Texas,
do.... cur.
E. /. stock—Cal. klps,slaught. gold
Calcutta kips, dead green...
“
Calcutta, buffalo
**
do
17
©
@
Casslu, China Llgnea
OILS—
cur.
North River, prime
FRUIT—
15
Savanllla,
City, thin oblong,bags, gold, fi ton.
Western, thin oblong (Dorn.) cur “
gold.
FLAX—
13 ©
Dry /Salted—Mara’bOAS they run “
do.... cur.
Matamoras
.
19
@
3 25
white
do
OIL CAKE—
Am..cur.
Rhubarb, China,good to pr....
18
Pecan
*
Quinine
“
OAKUM—Navy,U.S. Navy & best fi ft.
cur.
OH vitriol (66 Brimstone)....... ’•
Oplam, Turkey ....(in bond), gold.
Prusslate potash,yellow.
Quicksilver
do
Filnerts, Sicily
Walnuts, Naples
.gold
Madder,French, E.X.F.F
Nntgalls.blue Aleppo
Matainoras.
cur.
Pepper, Batavia
do
Singapore
...
.
3
SPICES—
;'8>
2.'X@
22 ©
Brazil
Licorice paste, Calabria
Licorice paste,Sicily...........
kicorice paste,Spanish,solid..
Madder, Dutch............
**
"
Almonds, Jordan shelled
: “
Jalap
do....
do....
do....
24
23 ©
22 ©
2IX®
NUTS—
cur.
Ginseng
Glycerine, American pure
Orinoco,
California,
do....
"
4 20
fi 100 !b
Caustic soda
23 ©
**
**
"
do....
Bar (discount.
Sheet
“
100 ft.gold.
Domestic, common
Montevideo,
Corrlentes,
Rio Grande,
«
*
Foreign
HIDES—
Dry—Buenos Ayree.selected.fiftgold
:ox@
SPELTER—
..
.
2% 3
18 ©
22
Argols,refined
“
26 ©
30
Arsenic,powdered
“
2 @
2;
4 00 © 4 12;
Bicarb.soda.Newcastle.fi 100ft “
Bichro. potash....
ft lb cur.
12;
12 @
Bleaching powder
1 40 q l 45
fi ICO ft. "
Brimstone,crude, per ton
gold 21 CO @ 27 50
Brimstone, Am.
.
-
IROJN--
L. & W.
„*325
-
Grate
Egg ...»
Stove
Ch’nnt
SILK—
Usual reel Tsatless
Usual reel Tavsaams
Re-reeled Tsatlees
Re-reeled Cotngoun
@215 00
@185 00
270 00 @275 00
7X3
7)
.©
5)
4 @
5|
Honduras, sheet
10 00© ll 00
13 00© 14 00
Liverpoolgae cannel
Liverpool house cannel
Anthracite—
12 If
11%
,-.fin>
Sisal
Jute
1 CO
..
,
“
“
“
“
.'
flit
....gold
per 100 lb.
**
Crude
Nitrate aoda
65
©
gold.205 90 ©210 00
Russia,clean
...
Lumber—Plne.g’d to ex.dry.fi M It. 45 00 © 70 00
Pine, shloplng. box
18 90 @ 22 00
do tally boards, com.to g’n.eath.
25 ©
33
Oak
$ M. It. 35 00 © 40 00
Ash, good
35 00 © 3S 00
Black walnut
SO 00 @100 00
23 ©
Spruce .boards A planks, each
28
Hemlock boards, each
18 ©
18
Maple
V M. ft. SO 00 @ 35 00
Sails—10@60d.eem,fen.& sh.fi keg — © 2 50
4 25 © 5 25
Clinch, IX to 3 in.& longer
Sdflne...
© 4 75
Cutsplkes.allsizes
@ 2 75
9 ©
Faints—Ld.,wh.Am,pure. In oil fi ft
Lead,wn., Amer.,pure dry
7%@
Zinc, wh.,Amer. dry. No. 1
6 ©
7
9 ©
Zlnc.wh.. Amer.,No.1,In oil
10
Paris white. E:*., gold....* 100 ft. 165 © 1.0
BUTTER— New—(Wholesale Prices)—
Dairies, palls, g’d to p’me State fi ft.
23 ©
27
14 ©
is
West’nfact’y, tubs, g’d to ch’ce “
H’l flrk.,tubs,State.f’r to prime “
21 ©
24
Welsh tubs. State, com. to p’me “
20 ©
23
fi ton. 175 00
.180 00
Amerlcan dressed
American undressed
Italian
Manila
M 2 23
Bricks—Common hard,afloat..fi
Croton
Refined,pure
55
HEMP AND JUi'E-
ASH RR—
Pot, Clfit SCIt
...Vft.
BREAD8TUFF8—8ee special report.
B UILDING MATERIALS—
SALTPETRE—
GUNNIES.—See report under.Cotton.
HAY—
North River shlDP’iig
ft 100 ft
HENERAL
[VOL. XXV]
M
©
25
93
ufi
1 15
1SX®
21
44
21
©
S3
28
50
SO
SO
@
©
@
©
©
49
13
25
20
lb
©
©
@
SO
24
18
60
£6
36
unwashed
Cape Good Hone, unwashed
Texas, fine. Eastern
Texas, medium. Eastern
Smyrna.unwashed
ZINC—
Foreign
Pom.Stic
KRKIGHTb—
Sheet,
do
fi ft.gold.net
To Liverpool:
Cotton
V ft.
Flour
¥ bbl.
.¥ ton.
Corn.b’lk A bgs. ¥ bn,
Heavy woods.
Waeat. bum * bags..
Baal ••«... '••»¥ tee.
..
gold.
car,
4A I
-HTSAM.—.
d. S. d.
5-16 4 X
n s ©....
82 6 "* 40 0
s.
r,
d.
21
23 0
L»—
—<
0. rt.
V comp
^
4S
...
10 0
*xi...
9
• 0
ft
...
s • •
f
@FedFRASER