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Me
teniae
Wtttltt*
a
,
an
i
HUNT'S MERCHANTS' MAGAZINEREPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UXITED STATES
VOL
NEW
25.
YORK, OCTOBER
Financial.
Financial.
National Bank-Note
(INCORPORATED NOVEMBER,
WALL
1
NASSAU
No. 5
ST.,
STREET,
Government Bonds bought and sold
NITW YORK.
amounts
to suit Investors; also Gold, Silver,
eign coins.
EXGHAVinS Or THB
BANK-NOTES, STATE AND RAILROAD BONDS,
POSTAGE AND REVENUE STAMPS,
CERTIFICATES, DRAFTS, BILLS OF EXCHANGE,
AND COMMERCIAL PAPERS,
in the highest style of the art with tpeeial tafe-
M. K. Jesup, Paton & Co.
No. 52 William Street.
m:\V YORK.
SHEPARD, Treasurer.
JNO. K. CIUK1EU, Secretary.
P.
Sam'i. Phillips, Cashier.
Maverick National Bank
Coupons and Dividends, and
Dividends. Coupons and
In paying Interest
Interest
collected
and
T. Wilson
JR.
Co.,
5c
COMMISSION
MERCHANTS
EXCHANGE COURT.
3
made on consignments of
Cotton and Tobscco to our address also to ourlrlencs
In Liverpool and London.
;
Government
Special attention
(riven
to
COLLECTIONS, and
Accounts received and Interest allowed on balances
which mar be cheeked for at sight.
&
Boston business paper discounted. Correspondence
J.
nvlted.
Kountze Brothers,
WALL STREET, NEW YORK,
Issue Letters of Credit, available In
world;
also,
Time and Sight
HANK OF LONDON.
Bills
parts of the
all
on the
UNION
Cable Transfers made.
R. A. Lancaster
TRANSACT A GENERAL BANKING BUSINESS
STOCKS BOUGHT AND SOLD ON COMMISSION
INTEREST ALLOWED ON DEPOSITS.
R.
&
J.
33
Stuart
&
Co.,
"LIMITED";
JOHN STUART A CO., Bankers,
MANCHESTER, PAYABLE IN LONDON
ULSTER RANKING COMPANY,
BELFAST, IRELAND;
AND ON TUK
NATIONAL BANK OF SCOTLAND.
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT
F.
A Specially.
Loans Negotiated.
No. 5
P. O.
Box
E. Trowbridge,
BANKER AND BROKER,
Broad Street (Drkiil Building),
WJ7.
NKW YORK.
A
166 ORAVIER STREET
s
1
:
\v
ORLEANS,
LA
&
Transact a General Banking business sell Drafts on
of Europe, ana Issue Letters of Credit for
Travelers, available everywhere.
all cities
CABLE TRANSFERS.
Purchase and sale of Government Bonds, Municipal
and other Investment eecurltles
Special attention given to collections throughout
Europe and the United btates.
II.
UAAB.
J.
HENGSTLER.
C. F.
KUKUNBJIUNDT.
Haar & Co.,
RANKERS AND link
II
Ills,
45 WALL STREET.
DEALERS IN SPECIE AND UNITED STATES
SECURITIES. Buy and
Stocks, Bonds, and Gol
Special attention paid to
sell
for cash or on margin.
orders for Investments.
ORDERS EXKCUTED AT THE PHILADELPHIA
AND BOSTON STOCK EXCHANGES
Howard C. Dickinson,
Platt K. Dickinson,
Member of Stock Exch Ve. Member of Stock Kxch'ge
John R. Wallbe.
Dickinson, Waller
& Co.
BANKERS AND BROKERS,
BBOAD STREET,
2 5
Transact a general Banking Business.
on Commission
general banking business transacted. Investments
County and City Bonds a specialty.
West Wisconsin Halfway and other bond* now In
sccurltle*, State.
dof.uilt of interest bought and sold
Having been officially Identified
on Commission.
with railway and
nnanclallntcrostsfora number of years. Inquiries in
regard to them are solicited from American and
European holders and Investors. Correspondence
wlil meet with prompt attention, and quotations ho
given npon request by mall or wire. Highest references.
Stocks,
Buy and
Sell
Bond and Gold.
Having been Identified with California Interest!, and
having • connection In San Francisco, are prepared
to
buy and
sell
on commission
all
stocks dealt In on
the San Francisco Stock Exchange, and to give Infor
matlon respecting the same.
Adolph Bcissevain & Co.
BANKERS
Bought and S»ld on Commission.
MERCHANT AND BANKER,
John S ua riKLB.
;
VIRGINIA STATE AND RAILROAD SECURITIES
Charles G. Johnsen,
G. St.
18
CHICAGO HOUSE: HENRY GREENEBAUM & CO.
NASSAU STREET.
EXCHANGE ON
Mlllll, PAYNE A SMITH'S,
BANKERS, LONDON
MANCHESTER A COUNTY RANK,
Co.,
BANKERS AND BROKERS,
66 Broadway, New York.
80CTIIBRN AND MISCELLANEOUS SECURITIES
Stttdam Grant.
Bros.
Co.
BANKERS,
Wall Street, New York.
BILLS OF
BANKERS,
13
Securities, Gold, Stock.
and Bonds
LOANS NEGOTIATED.
prompt remittances made on day of payment.
WALL STREET.
No. 33
J.
AND
BANKERS
Bonght and Sold on Commission, and
.---..-.. $100,000
..p...... 200,000
Company,
;
also as Transfer Agents.
remitted.
BOSTON.
Capital,
Surplus,
&
Greenebaum
Firms received upon favorable terms.
Act as agents for Corporations
1>.
Pottkk, Prest.
Grant
Bonds, Stocks, Commercial Paper, Gold, &c, bought
Liberal cash advances
Asa
RAILROAD SECURITIES.
of London.
Accounts and Agencies of Banks, Bankers and Mer*
any language.
J. R. VAN ANTWERP, Pres»t.
J. JI.K DONOI «.II, ViiT.I'rrs'l.
York.
SPECIAL ATTENTION GIVEN TO THE NEOOTIA
TION OF
Draw Exchange on Union Bank
and sold on Commission.
Communication* may be addreeeed to thit
BROWN.
BANKERS AND BROKERS,
This Company engraves and prints bonds, postage
stamps and paper money for various foreign
Governments and Banking Institutions South
American, European, West India Islands, Japan, ic.
—
A.
and Bonds.
zantlle
A.
for*
Deposits received In Currency or Gold,
awards devised and patented, to prevent counterfeiting and alterations.
in
In
paid to Investment Orders for Miscellaneous Stocks
EfJGRATIXQ AND PBINTINO Ot
FBKD.
34 Pine Street,
and Interest allowed on Balances. Special attention
Onlted States Bonds, Notes, Currency
and National Bank Notes.
Company
and
BROWN.
BANKERS,
New
NEW YORK.
1859.)
U. S.
H.
Walston H. Brown & Bro.
BANKERS,
Co.,
641.
Financial.
WAL8T0N
HATCH,
FISK &
THE
OFFICE, No.
NO
1877.
6,
ASP
conmissioN merchants,
AMSTERDAM, HOLLAND.
Sell on Commission American Securities
Holland sad other Contlaental Markets.
Make Collection* throughout the Continent ol
Europe.
Make Payment* on Letters or Credit to Traveler*
and transact a general American Banking Business.
Refer by special permission to Messrs. Blake
Brother* * Co., Boston and New Tork, and to Messrs
... W. Welsh. Philadelphia.
Bny and
In
THE CHRONICLE
11
Geobgb H. Holt,
Member N. Y. Stock Exchange
G»o. Wk. Ballou.
Texas.
give special attention to collections on
WALL
STREET,
New
York,
72
DEVONSHIRE
Bank
Capital, $500,000,
Geo.Wm.Ballou&Co Houston,
We
8
Canadian Bankers.
Southern Bankers.
THE CITY BANK OF IIOWSTON,
Boston Bankers.
all
_
„ „ T
Directors.—Benjamin A. Botts. Pres't : C. S. Longcope, W. J. Hut;Mne. F. A. Rice, C.C. Baldwin, W. B.
ST.,
BENJ. A. BOTTS,
Botts, Rob't Brewster.
WEEMS,
B. F.
BANKERS AND DEALERS IN
Pres't.
P. O.
Bos
R. B.
Nob, 59
AND
&
Brewster, Basset
JAMES HUNTER
Co.,
26 Pine
BANKERS,
Refebences.— Henry Talmadgc &
Kelly
Boston, Mas*.
Dealers In Stocks, Bonds, Gold and
WILMINGTON,
Auctions, and Private Sale.
&
IN GOVERNMENT SECURITIES, Gold,
County and Railroad Bonds.
&
BANKERS,
Buy and
Capital Stock, Capital Paid-in,
F. J.
Stackpole,
&
EBERT,
&
Pres't.
A.J. WILLIAMS, Vlce-Pres't.
S. G. COLLINS, Cashier.
J. C.
solicited
and
Information
ST.),
Orders In Stocks and Bonds promptly executed at
the Philadelphia and New fork Boards.
WILLIAMS, JNO. W. MILLXB
&
CHRISTENSEN,
BANKERS,
THE
—
;
WK. J. INGRAM,
JAMES GOLDIE,
LONDON AGENCY,
LONDON, Head Office, 8 Angel Conrt.
SAN FRANCISCO Office, 483 California
Agents, J.
& W.
-
-
Seligman
Capital Paid
HEAD
St
& Co.
BANKER,
LILIENTHAL.
C. F. PENZEL,
President.
HOUSTON, TEXAS.
(
M. H. GAULT,
(Incorporated
German
IS i5.
)
J
Gold, Silver and Negotiable Securities.
MADE THR0UGH0U2 THE
CAPITAL
Adams
&
-
$75,000.
20,000.
Surplus
Prompt attention given to all business in our line.
N. Y. Cobeespondents, Donnell. Lawson A Co
National Bank.
Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
Collections made promptly and remitted for at lowest rates.
The Canadian
No. 50
WALL STREET.
in;
;
ISAAC SMITH'S UMBRELLAS.
SUPERIOR GINGHAM
.. I
Cashier
Bank of Commerce,
frauds and errors detected
books opened and closed. Twenty years' experience.
References Include municipal authorities, bank and
lawyers, and others for
merchants,
Insurance officers,
whom Important work has been done. «9 Nassau St.
G.C.HALSTEAD. Public Auditor
DALLAS, TEXAS.
MURRAY,
AGENCIES:
;
BANKERS,
$1,000,000.
Quebec, Vallkyfield.
OF CORPORATIONS AND
AFFAIRS
firms Investigated partnership accounts and
surance losses adjusted
Leonard,
•
•
C. R.
Pres't.
CHICAGO.— Union
Financial.
STATES AND EUROPE.
Up
Hamilton, Ont.; Aylheb, Ont.; Pabk Hill, Oxt.
Bedfobd, P. Q.; Joliette, P. Q.
SI ATE.
BUYS AND SELLS EXCHANGE ON ALL THE
PRINCIPAL CITIES OP THE UNITED
Bank
FOREIGN AGENTS:
Savings Bank,
(Paid-in)
St,
LONDON.—The Alliance Bank (Limited).
NEW YORK,—The National Bank of Commerce
Messrs. Hllmers, McGowan * Co., 63 Wall street.
C. T. Walkeb
Cashier.
LITTLE ROCK, ARK.
DEALER IN
A.„.„..
g ent»-
branches:
Cashier.
STATE BANK,
f
OFFICE, MONTREAL.
$6,000,000.
1,55 0,000.
Transact a general Banking business. ISBue Com
merclal Credits and Bills of Exchange, available in all
parts of the world. Collections and orders for Bonds
Stocks, etc.. executed upon the moBt favorable terms
P. N.
I
OF CANADA.
)
FRED'K F. LOW,
M .„..„,
1GNATZ STElNHART,S M,n8Re ™'
W. House,
»«
32 Lombard
Exchange
Anglo-Californian Bank
Authorized Capital, •
Paid-up and Reserve,
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
payment.
German American Bank, New
Correspondents.
fork; Louisiana National Bank. New Orleans Bank
of Liverpool, Liverpool
8,128,626
Exchange bought and Bold, Commercial
Credits granted, Drafts on Canada issued, Bills collected, and other Banking business transacted.
Bills of
The Bank of New York, N. B. A., is prepared to Issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
Co., NEW YORK
MOBILE, ALABAMA.
ST.,
Paid np,
Cashier.
(LIMITED).
Southern Bankers.
Thos. P. Miller
Canada,
WALL STREET.
..... $9,000,000 Gold.
62
Smith, Payne & Surras.
The Bask of New Yoek, N.B. A
LONDON
NEW YORK
PHILADELPHIA.
».
OF
President.
Vlce-PreBldent.
C. T.
Bank
Merchants'
CORRESPONDENTS:
Austin,
Bell
COLLECTIONS
AGENCY OF
FLOOD,
fur-
Cobkhspondents— McKlm Brothers & fo.
MAIN
)
Capital,
LOUIS McLANE,
J.
STOCK BROKER,
203 WALNUT PLACE (316 WALNUT
41
Bank.
Bank.
Co.'s
Capital, fully paid in coin, $10,000,000.
specialty.
T.
$250,000
185,000
SAN FRANCISCO, CAL.
and VIRGINIA SECURITIES a
B
-
Co.,
BALTIMORE.
THOS. F. UILLKB,
-
OF SAN FRANCISCO,
BANKERS AND BROKERS,
Correspondence
.
The Nevada Bank
Wilson, Colston
Dished.
N. 1 .
Commercial Credits Issued for use in Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
rates; alBO Cable Transfers.
Demand Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MaoTAVISH, (
Agents.
C. M. MORRIS,
Especial attention given to Collections, and Remittances promptly made.
Baltimore Bankers.
INVESTMENT
Banker*-.
~-
No. 9 Rlrchin Lane.
Office,
AGEXCV OF THE
Bank of British
North America,
No. 52 WALL STREET.
N. C.
San Fbancisco— Wells, Fargo &
County Bonds.
Phil a.
London
parts of the United Btatos
New Toek— Tradesmen's National
and
Western City
Sell
Ga
CORRESPONDENTS.
DEVONSHIRE STREET
BOSTON,
78
;
and Eugene
DENVER, COLORADO.
DEALERS
Parker
fers;
Exchange Bank,
STATE STREET, BOSTON.
State, City,
all
Western
Co.,
BANKERS,
40
made on
ollectioBS
Investment Securities constantly on hanc.
Chas. A. Swee.t
sell Sterling Exchange and Cable Transgrant Commercial and Travelers' Credits,
available in any part of the world issue drafts on
and make collections in Chicago and throughout
the Dominion of Canada.
Buy and
Bank,
National
First
Board
Co.,
Bank, Savannah,
Agents.
A. K. Walxeb, Cashier.
K. £. Bckbcsb, Pres't.
Commercial
paper.
Orders executed on Commission at Brokers
& Co., New York; Southern
Smithebs,
Walteb Watson,
Negotiated. Advances made on Securities placed In
our hands for sale at current rates.
CONGRESS STREET,
No. 35
General Manager.
OFFICE,
C. F.
Loans
Brokers and Dealers in Southern Securities.
ANGUS,
WALL STREET.
61
ic
& CO.,
New York,
Street,
President.
NEW YORE
Sarannali, Georgia,
81.
$12,000,000, Gold.
5,500,000, Gold.
-
GEORGE STEPHEN,
Cashier.
James Hunter,
Municipal Bonds.
of Montreal.
CAPITAL,
SURPLUS,
acces-
sible points.
Bostou,
Vol. XXV.
|
GOOD SIl.K
PATKNTED Gl'ANACO.
J.X, QUAL, LEYANT1NK SILK
»1 00
2 50
'00
8
«
$6,000,000 Gold.
$1,900,000 Gold.
Capital,
Surplus,
BuyB and
Sells Sterling
Exchange, and makes Cable
Transfers of Money.
Issues Commercial Credits available everywhere
Grants Drafts on the chief cities and towns of
C*™**.
J.G.HARPER.
J. H.
>.-....,
UOADBY.J^ 60"-
'MIL.
Canadian Bankers
$1,000,000.
(npltal,
U.S.
BOWLAND,
HMD
Presldanl
i
i>.
it.
\HN
i
RLNES,
THE NEW
PORT COLUORNE,
Ann
Dealers In
Agents
I
In
FIRST Mn ii
1
PrompteM aitrnilon paid to collection" payable
i <.
\«.i s
CORNER OF BROAD, NEW YORK.
BY
cl.l.
business paper, payable In gold
on reasonable ti-rlns, and
my purt of tin 1 I'lilled States by
currency dralt on New York.
ITS
gold
ouiilt-il
CAPITAL STOCK OF
*50O,OOO.
N
r
The Bank of Toronto,
CANADA.
Capital,
HEAD
PmraaM
Reserve,
$2,000,000.
$1,000,000.
OFFICE, TORONTO.
llr«n Leacu, Asst. Cash
Cottlsox, Cashier
at Montreal, ivterhoro, Cobourg, Port Hope,
:
Branches
Barrio. St.
!':itli;irines,
Colllagwood.
BASKBH9:
Loxdox,
Exolami- The
City Bank,
Commerce.
* Vulimal Hank of
x-,.""*
* om*"}C. F. Smltliera and W. Watson.
Collections made on the best terms.
va«
Interest Coupons payable semiannually.
Bonds
registered to order, or payable to bearer at option.
Accrued Interest Is not required to be paid by purchaser, the next-due Coupon being stamped so as to
denote that Interest begins at the date of purchase.
A Pamphlet with full information will be sent on
application at the Company's mice.
<
43 Milk Street^ Boston.
The security of each bond is not confined to a single
Mortgage, but extends over all the Mortgages owned
by the Company. This Company receives no deposits,
guarantees no other secuntles, and has no other debts
man Its bonds. Its mortgages are of like character to
those which have been bought In the last twenty years
by Individuals, Life Insurance Companies and other
Corporations, to the amount of more than t ifty Millions of Dollars, proving a most secure and satisfactory
Investment. The loans are all upon Improved farms
in some of the most fertile Western States, near the
railroads, with short a«id perfect titles, and average
less than $5^0 each, upon property appraised at about
three times their amount. Experience has proved that
well-selected mortgages upon this class of property
are safer than those upon city property, either In the
East or West. They are not affected by tires, or by
1
Financial.
Henry
King
S.
&
Co.,
BANKERS,
45 Pall
.Mull,
London, Encland.
CIRCULAR NOTES
Issue
free of charge, available
YICE-PHESI DENTS
Geo. C. Richardson,
George P. Upham,
Thomas VYigglesworth,
James L.
(or use agalns'
Little,
Charles L. Flint.
Execute Orders on the London Stock Exchange
Make
Collections on
all
Points.
Henry
and Current Accounts on favorable terms, and do
London and Foreign Banking Business.
WARD, CAMPBELL *
Madge,
Albert E. Hachfield,
WALL STREET, NEW YORK,
18
DEALS IX
First-Class Investment Secnrltles,
CITY BONDS OF ALL KINDS,
Railroad Bonds axd Souths*? Securities or
all Descriptions.
Northern Bonds.
Hew Jersey MMiaml Bonds.
Few York * Oswego MWUan-l Bonds.
Northern Pacific Bonds and Stock.
McKim
Brothers
BANKERS,
New
47 Wall Street,
Co.,
Albert H. Nicolay & Co.
810
BANKERS AND BROKERS
43 PINtt STREET, NEW YORK.
£9 Kstabllfthed 26 Years,
STOCKS AND BONDS
MONDAY
and
THURSDAY.
ORSPKCI.VL BALBfl MADE OH ALL OTHER DAYS
Our established custom Ucenty-flte years.
Government Securities and Gold, also Stocki and
Bonds, bought and sold at the Stork Kxi-huiiKe Boards
of New \orfc, lluaun, Philadelphia, Baltimore and
San Francltco, and at private sale.
Stocks and Bonds not dealt In at the New York
Stock Exchange tur specialty for many years.
We Buy
and
Sell
Iowa Bonds & Mortgages
GEO. W. FRANK A DAR"
ROW, BANKERS and Negotla"
195
Broadway, Western Union Bldg., N.l ..make
loans on the best Improved farms in Iowa, at 8 t*# 1
per cent interest. Always first liens and Improved
.'arms; never exceeds one-third the cash value
of the land alone.
The bonds have coupons
attached, and the interest is paid semi-annually, at
the Central National Bank, in New York, and the
principal, when due, at the same bank. Several years'
experience of the firm In loaning has shown these
loans to be
The Interest and principal have always been paid
when due, without the loss of a dollar. Send for full
printed particulars, or call at the New York office
and examine maps and applications for loans In sums
ranging from $500 to $5,UU0.
Wm. A. Wheelock, Esq., Prest. Cent. Natl Bank, N.Y.
Gtlman, Son & Co., Hankers, 4. Exchange Place, N. Y.
H. C. Fahncstock, Esq., First National Bank, N. Y.
Henry H. Palmer, Esq New Brunswick, N.J.
Chas. J. Starr, Esq., Mam ford, Ct.
A. J. Udell. Esq., Scc'y D. L. & W. RR. Co.
Aaron Hcaly, Esq., 5 Ferry street, N. V.
Edwards & Udell, Attorneys, 5Z William street, N. Y.
on Commission,
Choice Municipal,
7, 8 and 10 per cent,
City, County. Tows,
School and State Bonds,
Insurance and [tank Stocks,
Kailroad Bonds
fc-Uy ltailruad Stocks and Bonds,
Gaslight Stocks and Bonds.
_ _,
Trust Companies, Telegraph
Express, Mining and Manufacturing Stocks
Interest Coupons and Dividends collected.
Interest allowed on Deposits,
subject to Drafts payable at sight
_„,
.
FIRST-CLASS INVESTMENT SKCn.tTlES
ON HAND. Fill: SALE AT THE
LOWEST MARKET RATES.
Co.,
No. 8 Wall Street, New York,
No. 4 Poet Office Square, Boatoa.
CHEQUES AND CABLE TBANSFER8 ON
MCNROB
4c CO., a'.lltlS.
STERLING CHEQUES ON
ALEXANDERS, CI'NLIFFJKS
Ac
CO.
&
G. C. Ward,
AOENTS FOR
BARING BROTHERS
tc
COMPANY
52 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
J.&W. Seligman&Co.,
BANKERS,
69 EXCHANGE PLACB,
CORNER BROAD STREET, NEW lORK.
Issue Letters of Credit for Travelers,
Payable in any part of Europe, Asia, Africa, Australia
and America.
Draw Bills of Exchange and make telegraphic transfers of
A. C. Burnha m,
Knoblauch
&
$1,000
and upwards, yielding
EIGHT
on all principal
TEN per cent semi-annual Interest, payable In the City
New York, and negotiated through the houses of
lil USHAM, TREVETTJb UA TTIS, Champaign,
BVRXHAH <t TULUSY8, Cuuncll Rlttg*, Iowa. 111.
BURXHAM, O HUSKY ,( CO., EmmelibMra.Jowa.
BURXRAM A BUYER. Orlnnttt, loica.
dt
TRUST
CO., Toptka,
ness for the past SIXTEEN VKAHS has enabled
to give entire satlsfactlouHo Investors.
them
Europe.
NEW YORK,
184
BOSTON,
Pearl Street.
70
GOSSLER
Kan.
All these loans are carefully made, after personal
inspection of the security, by members of the above
arms, who. living on the ground, know the actual
value of lands and the character and responsl*
bllity of borrowers, and who.se experience in the busi-
cities of
SPECIAL PARTNER,
DEUTSCHE BANK, Berlin.
to
oi
KANSAS LOAX
Lichtenstein,
St., eor. Exchange Place,
NEW YORK.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters of Credit
(
amounts of
California.
29 William
CHAMPAIGN, ILL.,
OFFERS FOR SALE
$300,000 Hi: VI, ESTATE FIRST
III I'lIN
IIIHCl't AGE
BONDS,
in
money on Europe and
BANKERS,
[Established 1861.]
No.
REGULAR AUCTION SALES OF
&
John Munroe
tors of Loans, Corning, Iowa,
and
STOCK AUCTIONEERS,
Every
THEY ALSO ISSUE COMMERCIAL CREDITS
MAKE CABLE TRANSFERS OF MONEY BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
T.~G.
,
York.
Co.,
V.,
Issue, against cash deposited, or satisfactory guarantee of repayment, Circular Credit, for Travelers, In
dollart for use la the United States and adjacent
countries, and in pounds tuning for use In any part
of the world.
P. Ct. Interest
BEFEHKyCES :
&
ST., N.
Ciboulab Notes akd Credits kie Teavelee..
:
PERFECTLY SAFE!
WANTED.
Mississippi Central Bonds.
New Orleans .lackson & Great
WALL
CONSOLIDATED BANK, LONDON.
P. Putnam.
David R. Whitney,
Upham.
counsel
Hon. Henry W. Paine, Boston,
Simeon E. Baldwin, New Haven.
a
CO.
&
Brothers
No. 59
London.
I.
r>Ic««r».
LONDON.
J. B.
-General
KING, It VII. IK & CO., Liverpool.
NEW YORK CORRESPONDENTS,
E. R.
ST.,
SIXTY DAY" STEALING ON THE
John
Saltonstall,
Charles L. Young,
Receive Deposl
OLD BROAD
Brown
Henry L. Pierce.
DIKKCTOK8
Consignments of Merchandise.
& Co
Boulevard ll.us.mana
no
No. 82
I
COMMERCIAL CREDITS
Grant
81
Attorneys and Agents or
JIe«»r«. J. 8.
IK; » in & CO.,
business revulsions; principal and Interest are more
promptly paid and upon the success of agriculture
depends that of alit.ost every industrial Investment.
HENRY SALTONSTALL, President.
FRANCIS A. OSBORN, Treasurer.
In all parts of the world.
ST..
Deposits received subject to Draft. Secu rules. Gold.
sold on Commission. Intere.t allowed
•n Deposit*. Foreign Exchange. Commercial Credit..
Cnble Transfers.
Circular Letter, for Traveler.,
available in all parts of the world.
These Bonds are commended to the attention of the
Guarantee.
Drexel, liarjes
Co.,
Ac, bought and
MOST CONSERVATIVE INVESTORS,
as they are
believed to be as perfect a security as can be obtained.
The Issue of bonds Is limited to one-half the amount
of the same class of bonds ever issued under a like
A
SouTn TniED
34
Philadelphia
Pari*.
DOMESTIC AND FOREIGN BANKERS.
or IlflPKOVED
iL
currency. Uls,
>r
Drexel
No.
GUARANTEED, PRINCIPAL AND INTEREST,
In
Co.,
i,
i
REAL ESTATE.
New York:
&
Drexel, Morgan
WALL si in
SEVEN PER CENT TEN-YEAR BONDS
Ba.VK OF MONTREAL,
59 Wall street.
1. r A Co.,
93 LutniKiril street.
\\l>
SECURED BY
Currency and Sterling Exchange.
rii-.in
Agent* LnLofidQa:
i:\4.l.
OFFERS FOR SALE.
AT 107 AND ACCRUED INTEREST,
THOMAS, INQERSOLL, WKLLAXD.
ST.
Financial.
Mortgage Security Co.
wil.KiK. Cuhler
OFFICE, TORONTO.
|Umau-IT
in
Insurance.
Bank of Canada
Imperial
IIIIUMI l,L
I
&
suue Street
Co.,
ooskebpondevts or
International
Bank
of
Hamburg and
London, (Limited.)
HOUSE IN EUROPE,
JOHN
II lilt
BNBEKO GOSSLER dc CO
,
HAMBURG.
The Unison that has carried you safely ovib
A Solid Ten
Per Cent.
CENTRAL
The
old established
AQENCY, known
ILLINOIS
LOAN
New England and the Midwhose Interest coupons are
promptly as the coupon, of
6overnment Bonds, has enlarged Us Held and changed
all
over
dle states as the Agency
aid a« certainly and «s
name to "THE KANSAS. MISSOURI * CENTRAL
ILLINOIS LOAN AGENCY." There Is no change In
character or management. If a cebtain clean TEN
PER CENT will satisfy you, addreu for Circular,
Its
It?
KANSAS. MISSOURI 4 CENTRAL
LOAN AGENCY," jACisoaTiujt, III.
Actuary,
NolS
••
ILLl-
E.
S.
65
Bailey,
WALL STREET.
Dealings In
Insurance Stocks,
A SPECIALTY.
Cath paid at once for the abore Securities or tbey
will be aold on comiolNlon, at aeller'a option*
;
^BE CHROMCJUR
IV
LOUIS IRON MOUNTAIN AND
SX.
SOUTHERN RAILWAY CO., No. 20 Nassau St.,
STOCKS
LOUIS AND IRON MOUNTAIN
(Arkansas Branch) and CAIRO ARKANSAS AND
TEXAS RAILROAD COMPANIES, are notified to
the office, No. 20 Nassau St., and receive 50 per
cent thereon, now ready to be paid.
D. W. MoWILLIAMS, Treasurer.
call at
TTNION PACIFIC RAILROAD CO.A Dividend of TWO PER CENT on the Capital Stock
of the Union Pacific Railroad
on and
after Oct.
Company
Union Trust Company, No.
stockholders at the
;3
SALES
be pall at office of
Oct.
HENRY MoFARLAND,
2.
Boston, Sept.
tember
SON,
Treasurer.
TELEGRAPH
Tbeastjbeb's Officii,
Nbw
Yobk, Sep-
DIVIDEND
No. 41.
of Directors have declared a Quarterly
Dividend of
ONE AND ONE-HALF PER CENT
Company, from the
upon
September
net earnings of the three months ending
Treasurer, on
30th, last., payable at the office of the
the Capital Stock of this
and after the
15th
this dividend
For the purpose of
meeting of the stockholders, to be he;d on WEDNESDAY, the 10th day of Oct. next, the transfer books will
be closed at three o'clock on the afternoon of the
20th Inst., and opened on the morning of the 16th of
ROCHESTER,
R, H.
October.
Treasurer.
&
Box 4239.
F. W. Gillet, Jb.,
Member N. Y. Stock Ex.
P. O.
BANKERS,
GOVERNMENT
The firm of
consequence of the death of the senior member
of the same.
The business will be continued from this date by
WALSTON H. BROWN and FRED. A. BROWN, under
the firm name of
In
BROWN &
H.
No. 1*
Foote,
WALL STREET
BUT AND SELL
BONDS, GOLD, STOCKS,
Issued to Galveston Harrlsburg & San Antonio Railroad, due 1896. Interest March and September, payable
at Austin, Texas.
Taxes for payment of Interest and Sinking Fund
collected by the State of Texas, also other Texas
Securities, for sale.
&.
AND
FOREIGN EXCHANGE AND GOLD,
63 Wall Street, New York.
BOX
Com
broker's oifice
York.
STEVENS and others,
MIDLAND KAILROAD COMPANY, Defendants.
Notice Is hereby given that the sale of the property
of the New York & Oswego Midland Railroad Com
Equity— Betwei-n JOHN G.
Complainants, and the
NEW YORK & OSWEGO
pany, heretofore advertised to be sold on Friday, the
,th dav of September, 1817, at 12 o'clock, noon, of
that day, at the Wlckham Avenue Depot of the said
New York & Oswego Hallroad at Middletown. in the
County of Orange, and State of New York, is further
tuUourniit until SATURDAY, the 27TH DAY OF
OCTOBER. 18.7, at the same time and place.
7th, 1877.
Dated September
"
KENNETH G. WHITE, Master.
Green.
CITY Hall, April
20, 1877.
i
Subscriptions will be received at this office to th
Orleans Water
Works Com
pany, Incorporated under Act No. 33 of the Legislature of Louisiana, approved 3st March,
The
old
1877.
New
AT PAR, and must be surren
Water Works
Orleans will be received
Bonds of the City of
dosed at the time of subscribing.
ED. PILSBURY, Mayor.
NEW
STREET,
NEW YOBK,
Transact a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold on
Commission, and carried on Margins.
Deposits Received and Interest Allowed.
Accounts of Country Banks and Bankers received on favorable terms.
tW
St.,
N. Y.
Oswego City
Sevens,
IN 1888;
;
40 Wall
Street.
Allows interest on deposits, returnable on demand,
authorized to act as Executor,
or at specified
Administrator, Guardian, Receiver, or 1 rustee. Likeinto Court,
wise, is a legal depository for money paid
and
or by order of any surrogate. Individuals, Firms
or
Societies seeking income from money In abeyance,
dates. Is
at rest, will find safety
U011 '
and advantage
in this lnstitu
F. SPAULDING, President.
Vice
BEN.I. B. SHERMAN.
j
FP.KDEKICK II. COSSITT, f Presidents
C. H.P. BABCOCK. Secretary.
HENRY
EXECUTIVE COMMUTEE:
K. lino,
Amos
Jacob D. Vermllye,
Benl. B.Sherman.
New
Refeeb by Pebmisbion to
of N. Y.
Hon. H. A. Smythe, late Collector of Port Court.
Hon. Jas. P. Slnnott, Judge of the Marine
Messrs. Van Winkle. Candler & Jay.Counsellors.SC.
York.
Allegheny Cfy, Pa Bonds.
Sacramento City, Cal., Bonds.
Northern Pacific RR. First Mortgage Bonds.
&
A. H. Brown
Co.,
INVESTMENT SECURITIES.
Special attention to business of country banks.
FOR SALE:
New Bonds.
Louisiana State
*,--„.
Mort. Bonds.
Jeff. Mad. & Indianapolis RR. First
Houston & Ot. Northern RR. First Mortgage Bonds.
Bonds.
Debt
Funded
Wabash Railway
ISAAC SMITH'S UMBRELLA«T~
:
-Messrs. Brooks, Ball & Storey, Boston, Mass.
Messrs. Ronald, Sons & Co., Liverpool, England.
Messrs. Benecke Br os., London, England.
BANKERS AND BROKERS,
T Wall St., Cor. New, New York.
:
Virginia State Old
SUPERIOR GINGHAM
GOOD SILK
PATENTED GUANACO.. ......
EX. QUAL. LEVANTINE SILK
Auditor,
W. A. Wheelock, Esq., Prcs't Central Nat. Bank.
Jas Lynch, Esq., Prcs't Irish Emigrants' Society.
I ft. Co.
Col. It. S. McComb. Prcs't N.O. St. L. & Chic.
RR.Co.
Ex. Norton, Esq., Pres't Paducah & MemphisRR.
Jos. F. Joy, Esq., Receiver Dutchess 4 Col.
& Co.,
Bonner
BROKERS,
WANTED
Bonds.
&
NASSAU STREET.
tnvcBtfcateti
A. A. Low
David Wolfe Bishop,
Amos R. Eno,
Charles G. Francklyn,
Gustav Schwab,
William H. Weob,
David Dows,
J. Plerpont Morean,
Martin Bates
Percy R. fyne,
William Allen Botler,
Charles Abernethy,
James P. Wallace,
Henry F.Spauldlne.
BANKERS AND
5
W. CALHOUN,
Complicated accounts of Estates and Partnerships
and adjusted. Accounts prepared for the
Surrogate. Books of Public Companies, Firms, &c,
up or closed.
written
opened,
„.„„«„.-.
Special attention given to railroad Investigations.
Benjamin
George W. Lane,
Jacob D. Vermllye,
Geo. Maccullcch Mlllel
Roswell Skeel
No. 20 Hroad Street,
Beers, Jr.,
Brooklyn Stocks,
GAS STOCKS,
V WAT STREET.
No. 20
Edmund W. Corlles.
Frederick H.Cosaitt,
William II. AppK ton,
G. T.
N. T.
Accountant
Frederick H. Cossltt
Isaac N. Phelps.
Edmund W. Corlles.
Sam'l D. Babcock,
Martin Bates,
,
6c Stone,
BANKERS AND BROKERS,
Trask
No. T
R. DTLEY, 31 Pine
Capital,* 1.000.000.
Isaac N. Phelps,
JoBtah M. Flske,
Cnarles G. Landon,
Matobaltt op New Obleans. )
New
WM.
DANIEL. A. MORAN,
Samuel D. Babcock,
Jonathan Thorne,
NOTICE.
—
-
IN 1893
FOR SALE BY
BOARD OF TRUSTEES:
B. Sherman
Complainants' Solicitors,
120 Broadway, New York.
Capital Stock of the
FOR SALE:
State or Kansas 7 Per Cent Bonds, due
City of St. Joseph, Mo., 10 Per Cent Bridge Bonds.
City of Toledo 7 3-10 Bonds, due In 1900.
Cincinnati* Springfield letM. (L. Shore guar.) Bds.
DUE
is
STATES CIRCUIT COURT,
UNITED
SOUTHERN DISTRICT OF NEW YORK.-In
Alexander &
Bonds.
RR
Houst'n & Tex. Cent. RK. Bds. Kansas. Pac. RR Bds
Northern Pacific RR. Bonds and Preferred Stock.
So. Carolina Bonds.
New Jersey Midland RH. Bonds.
Cities Dubuque, Keokuk and Davenport Bonds.
City County and Town Bonds of Iowa. Ohio and Wis.
Toledo & Wabash RR. Consolidated Bonds.
Cairo* Fulton
OPERATOR.—
open to an engagement. A
preferred. Address M., P. O. Box .,03,
STREET.
Rochester City Sevens,
considerable experience in Europe
States,
WALL
36
WANTED
Bonds. New Orleans
DUE
BRO.,
will transact a General Banking business and
give particular attention to the Purchase and Sale of
First class Railroad Securities.
TELEGRAPHIC
LADY, with
and Mobile
Ohio Railroad Bonds ;
City of New/ Orleans Ronds.
LEVY A BORG,
Mississippi Central,
bills.
who
and the United
WANTED
Alabama, South Carolina Sc Louisiana
State Bonds;
New Orleans Jackson & Gt. Nortkern,
2,847.)
Special attention paid to the negotiation of
merclal
No. 7
CO.'
BANKERS,
Wall Street, New York.
:
Hilmers, McGowa n & Co
(P. O.
BJVLLOV,
New York.
Street,
Sc
BROKERS IN
NEW YORK, October 1, 1877.
AUG. J. BROWN & SON is dissolved
WALSTON
Nemon Tappan, Special
MISCELLANEOUS SECURITIES.
PINE STREET,
34
NEW STREET,
New York
E. S. Gillxt.
J.
&
Hatch
of September.
and of the annual
Wall
FORSTER, LUDLOW
Co.,
Gilley, Jr.
BANKERS AND BROKERS,
64 BROADWAY AND 19
MORTGAGES
particulars, write or apply to
FOR SALE:
SOLD.
W.
CO.,
A-
BEXAR COUNTY EIGHT
PER CENT BONDS.
See quotations of City Railroads in this paper
F.
B
$100,000
CITY RAILKOAD STOCKS & BONDS
day of October next, to share-
holders of record on the 20th day
New
For
12, 1817.
The Board
1(
Ct. Investments
6
BOUGHT AND
O
GREGORY A
NEW YORK.
-TTTESTERN UNION
COMPANY,
&
No. 145
15, 1877.
I,
SECURED BY
H. L. Grant,
BROADWAY,
Stock books will be closed Sept. 20 and re-opened
,
REAL, ESTATE FIRST
PINE STREET, NE9V YORK.
No. 7
Broadway, and Boston
H. SIIILLER
KUHN
9 Per
WEDNESDAYS AND SATURDAYS.
ADRIAN
1900,
FOR SALE BY
BANKERS, 31 NASSAU STREET.
all classes of
OK
of the Company.
office
of
PER CENT BONDS,
DUE
STOCKS AND BONDS,
be pail
to stockholders of record Sept. 20,
1
New York stockholders will
*77.
will
7
REGULAR AUCTION
hold
undersigned
The
SHORE! & MICHIGAN SOUTHERN
First Consolidated mortgage
LAKE
At Auction.
of ST.
1877,
!,
BONDS
and
Coupons, due
New Yoke, October 1, 18T7.-Helders of
June
Finanoial.
Financial
Financial.
XXV
[Vol.
*•
21
2 50
J 00
«J
5
G. Amsinck
ISO Pearl Street,
&
Co.,
New York,
AGENTS TOE THE
LONDON AND IIANSEATIC BANK,
OJXIT1D).—LOHDOH.
fiMMlzV
rmuae
HUNT'S MERCHANTS' MAGAZINE,
3ttf**IUjj
J|
§Uiv$ paper,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY. OCTOBER
25.
CONTENTS
be found
319
Imports and Exports for August,
820
The Debt Statement
in
1876-ft
The Improvement' in Trade) and
Some Lessons Therefrom
1877
Latest Monetary
8it
.
Commercial
.
and
the following table, which shows the changes in the
various classes of bonds since September
325
also since
Miscellaneous
News
October
1,
Securities,
TJ. S.
|
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, National Banks, etc
827
|
I
|
Oct.
Quotations of Stocks and Bonds. 330
New York Local Securities
831
Investments, and State, City and
Corporation Finances
832
THE COMMERCIAL TIMES.
Commercial Epitome
336
336
3>9
Cotton
Breadstufls
Dry Goods
I
Imports, Exports and Receipts.... 841
Prices Current
312
840
day morning, with
the latest
news up
to
midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
IN
ADVANCE:
For One Year, (including postage)
$10 20.
For Six Months
6 10.
Annual subscription in London (including postage)
£2 5s.
Six mos.
do
do
do
1 6s.
Subscriptions will bo continued nntil 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 the 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 insert inn,
but when definite orders arc given for five, or more, insertions, a liberal discount 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.
WIU.IAM B. DANA,
WILLIAM B.
& CO., Publishers,
John a. floyd, jr. 1
79 & 81 William Street,
YORK.
Post Office Box 4,592.
DANA
I
NEW
1876
TO OCT.
Since Sept. 1, '77.
Dec. $15,047,450
1877.
1877.
tince Oct. 1, '76.
Dec.$185,706,050
708,266,650
4%
200,000,000
Inc. 15,000,000
9,053,300
Inc. 200,000,000
10,000,000
Inc. 10,000,000
Inc.
10,000,000
per cents
Navyfund
Called bonds
.
Total debt
Dec.
21,310
Inc.
16, 595,720
Inc.
853,1 <2
856,979,651
1,061,442
18,786,642
Dec.
Dec.
885,472
Dec.
Dec.
Dec.
11.071,773
7,003,000
Inc.
2,503.000
Inc.
7,000.000
81,154,513
23,011,885
Totalcash
Net debt
thus
19,334,320
27,121,817
.$2,155,783,633
Coin owned
Currency owned ....
It
Dec.
14,000,000
Unpaid army
issued on Satur-
is
and
$799,293,600
per cents
Legaltenders
Fractional notes
Chronicle.
The Commercial and Financial Chronicle
1S77,
5 per cents
4
|
1,
1,
:
6 per cents
Interest
&!)*
1876
CHANGES IN THB PUBLIC DEBT, OCT.
826
THE BANKERS' GAZETTE.
Money Market,
aggregates, which will
324
and Commercial
News
English
The
elsewhere, have been summarized in
in detail
324
for Septem-
ber, 1S77
Currency Changes to October 1.... 892
Financial Keview of September.
823
NO. 641.
1877.
somewhat misunderstood.
THE CHRONICLE.
Movement* of ths Public Debt
Clearing House Operations
6,
$104,196,428
2,051,587,255
appears that,
2,411
11,582,818
Ihc. $11,810,417
Inc. 12,775 037
Inc. $16,178,938
Inc. 43.341,319
Inc.
Inc.
2.917,935
10,516,940
Inc. $15,722,942
Inc. $56,858,151)
Dec.
Dec.
3,882,525
40,679,321
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
Of the six per cent bonds
which were outstanding a year ago, a hundred and
eighty-five millions have been redeemed and their place
forty millions of dollars.
supplied by four-and-a-half per cents the total
which has been 200
issue of
This excess in the issue of
A neat file-cover is furnished at 50 cents postage on the same is 18 the four-and-a-half per cents is accounted for by the
|y
cents. Volumes bound for subscribers at $1 50.
$3"~ For a complete set of the Commercial and Financial Chronicle— withdrawal of eleven millions of legal tenders, and of
millions.
;
July, 1865, to data— or of
at the office.
Hunt's Merchants' Magazine,
eleven millions of
Department of the Chronicle
ty The Business New
Financial Interests
York City by Mr. Fred.
in
1839 to 1871, inquire
W.
represented
Jones.
is
MOVEMENTS OF THE PUBLIC DEBT.
elapsed since the monthly
Many months have
among
state-
ments of our national debt received as much of the
public scrutiny as has been given to Mr. Sherman's last
exhibit.
All over the country the aggregates presented
in the schedule have, for various reasons,
and
in
many
different points of view,
been submitted to examination
both in the newspapers and in the offices of our bankers,
manufacturers, and merchants. Two questions seem to
have been conspicuous in the general review which has
been so thoroughly given to this report. Our people de.
fractional notes, the place of the
hiving been supplied by silver coin. On the
whole, then, we have paid off 185 millions of six per
cents and 22 millions of currency, and have supplied
the Treasury with funds for this work of redemption by
the sale, through the Syndicate, of 200 millions of fourand-a-half per cents, and of 60 millions of four per
cents; It) millions only of the latter appearing in the
present debt statement, because the remainder have not
been as yet paid for, though they soon will be. Toillustrate more clearly the funding operations of the
Treasury with a view to reduoe the interest on the
public debt, we compile the following table :
latter
FR0ORES8 OF THE FUNDED AND UNFUNDED DEBT, 1873-1877.
June 30, 1873. June 30, 1874. June 90, 1876. June SO. 1177. Sept. 30.
t
$
$
$
$
know what
progress was being actually achieved
Slxe§
in the funding of the debt at a lower rate of interest;
and, secondly, there was a dominant anxiety to learn the 4% per cent.
sired to
movements of the gold balance
1,231,238,650 l,21S.6i4,700
654.621, *S0
799,293,803
910,628,050
711,685,?00
703.266,650
70.3,268,650
110,000,000
900.000,000
414,587,300
Fours
in the Treasury,
and to
obtain satisfaction as to the other preliminaries making
by the Treasury for the resumption of specie payments.
With regard to the first point, the statement has been
1877.
981,999.650
10,000,000
Tot. funded 1,0)5,805.950 1,7*4,252.750 1.69i,6S6.460 1,687,888,500 1,712,500,250
Unfunded.... 45J.0I2763 4l9.8n.Wl 402.75I.89S 362,139,513 3SS.O17,00l
Total debt. 1,117,819,713 S,143,0Jj,2ll
These
statistics
1.'
99, 139. 145 2,060.158,013 2,001,537,151
show the funding operations
since
THirrmrnNTcor
^sir
1ST*
1873. During 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, notwithoff 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
Most of the six per cents now outstanding belong fair rapidity, and the volume of general business is
gate.
If we had any method of measto two classes
the sixes of 1881 which amount to 208 in a state of growth.
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
are being rapidly called in, and the aggregate now out there has been a steady and well-distributed improvestanding 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
supposition that the 10 millions of four per cents which
appear in the foregoing table, comprise the whole of the
bonds of this class which the Syndicate had actually
bought from the Treasury. It is stated from Washingmillions of four
ton, on competent authority, that the 1
per cents which Mr. Sherman now reports in his September statement were all paid for in coin, which is in
the Treasury with the specie accumulating for resumption purposes.
The other four per cent bonds which
have been sold could not appear upon the September
debt statement, because the old sixes which are to be
redeemed with their proceeds are not yet due, though
called. During this month, however, a large part of the
called bonds mature.
In a few days the interest on a
large part of these bonds will cease, and as they mature
the corresponding four per cent bonds will be entered
upon the Treasury books, the old sixes being taken
off.
Next month such four per cents as have been
thus entered upon the books of the Treasury will take
their place upon the debt statement, and an equal
amount of redeemed sixes will disappear. The funding
law of 1870 allows ninety days for the payment of the
four per cent bonds, and ninety days also elapse before
ithe called bonds are redeemable.
With regard to the coin which is accumulating in the
Treasury, Mr. Sherman makes a satisfactory report.
The total coin balance amounts to 119 millions, of which
legitimate business.
However
this
may
be, the figures
before us show that the country has probably passed the
lowest point of depression following the panic of 1873,
and that
its
present and prospective future seems to indi-
cate further improvement.
The subjoined
table com-
pares the Clearing-House transactions of the year with
those of several previous years
NEW
Tear ending
:
TOltK CLEARING HOUSE TRANSACTIONS, 1874 TO 1877.
Sept. BO.
1874.
1875.
1876.
1877.
$
$
$
$
Currency exchanges.. ..20,850,681, 962 23,082.276,858 19,674,815,360 20,876,556,936
Currency balances
971,231,280 1,461,346,845 1,009,533,037 1,015,258,452
Gold exchanges
2,005,245,673
10?,910,058 1,722,458,886 2,413,287,764
Gold balances
315,521,895
18,284,429
285,508,991
358,739,818
Total transactions
24,142,680,812 24,613,848,192 22,892,316,275 24,663,841,032
Average daily currency
exchanges
Average daily currency
balances
It is
68,439,433
3,173,958
nearly a quarter
York Clearing House was
79,326,301
70,349,427
63,417,724
3,608,976
8,288,381
3,323,709
of a century since the
New
began business
October 1st, 1853, and on that day, as has been well
observed, "about twenty-seven hundred open, active
accounts on the ledgers of the associate banks, were
balanced the most of them for the first time, and all of
thern finally. The business which had rendered necessary
this large number of accounts, was thenceforth accomplished more quickly, with less annoyance to bank
officers, and with greater safety to all concerned."
At
its organization, there were fifty-two banks in the Clear
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
CURRENCY EXCHANOE9 AND BALANCES 1853 TO 1677.
shows a promising increase. Last month it amounted to
Currency
Cash Balances
Av'gt Daily Av'ge Daily
Exchanges.
Paid.
Ccl. to Oct.
Exchanges.
Balances
106 millions; on July 1, to 115 millions. A year pre$5,7tr,453,987
1853-54..
1297,411,493
$19,104,504
$988,018
viously, on July 1, 1876, the coin balance was 73 mil289,694,137
940,564
17,41,091
334.714,489
22,278,107
lions, while on July 1, 1874, it was 74 millions, and July
1,079,725
3S5,313,901
8,333.2;6,718
S6,968,371
1,182,245
One of the most important ques- 1851-57..
1, 1873, 87 millions.
314,233,910
1857-58..
4,756,661,386
15,393,735
1,016,951
organized.
It
—
:
tions
now
before the country
is
how much more gold
coin will be needful for the Treasury to accumulate, and
by what
methods the accumulation shall be
secured.
On these points we have frequently expressed our opinions, and we shall reserve what we
Lave further to say until Mr. Sherman reports to Congress his views on these important portions of the
Treasury policy.
specific
CLEARING-HOUSE 8PERATI0NS IN
1876-77.
6,448,003,956
363,934,682
20,867,3-3
1.177,943
1859-60..
7,231,143,056
380,693,433
2S,401,757
1,232,017
186C-61
5,915,742,758
353,383,944
19,869,620
1,151,087
6,871,443,591
415,530,331
22,237,681
1,344,768
1858-59
.
.
1661-62.
14,867,597,848
677,626,482
48,428,657
2,-;07,252
1663-64..
24,097,196,655
685,719,201
77,981,455
2,866,405
1861-65..
26,032,381,341
1,035.765,107
84,7<6.010
3,373,827
1865-66..
28,717,146,914
1,066,185,105
93,541,195
3,472,752
1,144,963,451
93,101,167
3,717,413
1867-68..
28,4S4,288,(;3fi
1, '.25,456,236
92,182,101
8,642,249
27,407,028,086
1,120,318,307
121,451,392
3,637,307
27,804,539,405
1,036,484,821
90,274,47S
3,365,210
1870-71.
29,300,986,632
1,209,721,029
85,133,073
3.927,665
1871-72.
33,814,369,568
1,213,2L'3,S27
106,964,277
8,939,265
1872-73.
33,972,773,942
1,152 372,108
111,022.137
3.765,921
971,231,280
68,139,483
3.173,953
1,104,346,845
79,826,301
8 60<,976
1,009,533,037
70,349.427
8,288,831
1,015,S50,4S2
68,447,724
3,323,703
1*52-63
.
1873-74.
The report
was
23,042,276,853
York
19,871,815,360
of the total business of the last year
presented at the annual meeting of the New
Clearing-House on Tuesday.
In the statistics
with
The total capital of the banks that are members of
which we have been favored by the manager, Mr. Wm.
A. Camp, we see that the aggregate transactions for the the Clearing-IIouse is $68,235,200, against $78,535,200
year were 24,663 millifffls, against 22,892 millions last last year, and $80,435,200 the year previous. The total
year, 24,613 millions in 1875, 24,142 millions in 1874, reduction of capital and surplus for the year is reported
The total reduction of capital and
and 36,935 millions in 1873.
The last-named year at $11,256,200.
October
0,
THE CHRONICLE
1877. J
June
321
which convention of bankers did not take up this and some
and includes other subjects connected with bank statistics. Publicity
a |icriod of twenty-one months, amounted to $20,091,- in respect to bank affairs has usually been found beneThere is no apparent
In these figures we see verified the anticipations ficial, both here and in Europe.
600.
we have so frequently announced of the mischievous reason why like good results should not be realized by
the banks from the publication of the Clearing House
effects of excessive bank taxation.
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
The total Bankers' Association, they would do a good service to
national and twenty-seven are State banks.
The the financial community if they could in any way
capital of the seventy-five banks is $71,485,200.
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-IIouse directly, but clear Houses of the United States. For the sake of comIt is to be parison with the foregoing statistics, we give the
to various members of the association.
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-IIouses in the United States. These institutions began to be published:
TEAHLT TRANSACTIONS OF LONDON CLEARING HOUSE, 1867-"77.
are more numerous in this country than in any country
Total for
On Fourths
On Slock Bxe'ge.
On ContoU
Even in England there are very few cities
in Europe.
the Tear.
Account Daye.
SeW.ing Dayl.
of the Month.
which have a Clearing-IIouse. It has been stated that 1867-68... ..$16,257,055,000
$785,565,000
$361,465,000
$2,32'M15,000
809,305,000
3,753,110,000
711,350,000
there are not half a dozen in the whole of Great Britain. 18S6-69... .. 17,670, 195.0C0
1969-70... .. 18,603,115,000
842,615,000
2,978,815,000
741,110,000
In the United States there are now twenty Clearing- 1370-71.. .. 20.092,320,000
932,853,000
3,179,730,000
845,705,000
1 148,145,000
4,712,230,000
IIouses altogether, having a membership of nearly four 1671-72... .. 26,798,610.000
1,169,215,000
1872-73... .. 30,016,925,000
1,329,825,000
5,168,370,000
1,917,805,000
hundred banks. The oldest, except that of New York, 1873-74...
.. 29,967,930,000
1,364,205,003
4,854,725,000
1,300,360,000
is the Clearing-IIouse of Boston, which was established 1P74-75... .. 30,066,495,f00
1,279,750,000
5.333,9.15,000
1,300,690,000
1,204,035,000
4,812,975,000
1,211,075,000
in 1856.
Two years later similar institutions were estab. 1875-76... .. 27,036,215,000
1,158,150,000
3,693,965,000
1,118,780,000
lislu'd in Philadelphia, Baltimore and Cleveland.
The
largest, except those of New York and Boston, is the
Clearing-IIouse at St. Louis, which is under the able
IMPROVEMENT IN TRADE AND SOME LESSONS THEREFROM;
management of Mr. E. Chase, who is well known in this THE
There
is no longer room for doubt of the agreeable
city and whose useful reports have for many years
fact
that
business in most departments shows improvebeen highly esteemed.
Hurphid from October
1,
1875, to
22, 1877,
report,
was the date of the last official
a list of the Clearing Houses in the ment. Sofarasthiscity at least is concerned, the general
United States, with the date of their organization and testimony is that the fall trade is the best since 1872,
although it is of course unsafe to assume this undeniable
the number of banks they include
improvement
as the beginning of the long-awaited
CLEARING HOUSES
The following
is
:
OF THE UNITED STATES.
" revival of business " which
is
to
make compensation
ory.
state.
1S58
New York
New York
59
1853
Biston
1658
Philadelphia
Baltimore
Cleveland
Massachusetts
Pennsylvania
27
Maryland
Ohio
20
the belief heretofore expressed that there neither will be
9
Worcester
Chicago
Massachusetts
Illinois
9
J5
nor can be any continued substantial prosperity except
as specie resumption is believed to be put beyond reason-
1815
Pittsburgh
Pennsylvania
18
1866
...CiLcinnati
Ohio
SI
Connecticut
Missouri
10
Ettablteheil.
1858
1858
1861
1865
1867
1868
New Haven
St.
Louis
1858
Milwaukee
Columbus
Wisconsin
Ohio
1871
Indianapolis
Indiana
Louisiana
1868
Ifo.of Jkinks.
51
,....)
86
10
18
14
1S72
New
1373
Kansas City
1S"4
St Paul
Kansas
Minnesota
1878
San Francisco
Calif ernia
14
1876
!8"6
Louisville
Kentucky
20
Lowell
Massachusetts
Orleans
Twjnty Clearing Houses
At some
future day
H
all
past losses.
certain to be
It
would be premature
able doubt within a short, definite period.
To
it
as
fixed in
see that
a sound currency basis and permanent prosperity are so
connected that neither attempt nor lapse of legislation
can separate them, and to admit and remember their
connection, will be one decided point gained. Another
is to remember that this proscome gradually and not with a rush, when it
9
one, equally important,
perity will
7
to count
more than temporary, for we afe
8
894
we hope
for
does come; that
not relieve any
it
will not bring
man from
back yesterday, will
the consequences of his past
mistakes, will not put life into dead investments, nor
and opportunities, nor save anything
from the troubles of the past except the lesson of their
and reporting at frequent intervals the clearings and experience. These two points can be profitably pressed,
balances of each of these institutions. Such statistics in season and out of season if there is, indeed, such a
would be of the highest value for many purposes. thing as "out of season" for them; since one condition
There is no obstacle to prevent such details from being of returning prosperity is that it be not misunderstood.
recorded and given to the public, which might not easily
For the improvement already experienced and to
be surmounted. We have reason to believe that the come there are several reasons. The natural effect of
managers of the Clearing Houses will be perfectly willing diminished consumption, so often cited and so long deto undertake the task of compiling, once a month or layed that perhaps many people had become incredulous
oftener, such reports as we suggest, if only
the requisite about it, is now visible. So, too, the growing faith in
practicable,
which we proposed
the plan will become
restore lost time
last year, of collecting
—
permission could be given by the banks. The prejudices the substantiality of the prospect of resumption has
which have hitherto obstructed this work, ought long some effect
probably the gradual liquidation of pri;
ago to have been overcome. No real 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
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
TVol. XXV.
prime factor in the in- the reverse of profitable to the material as well as the
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 intervenimportant to realize, if we can, the significance of the tion is magnified into a " policy " to be discussed and be
fact that, for twelve years and a-half, 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 opporby 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
regular exercises, is shown by the fact that to few the country. It might be a hard task, even for the most
people does this long perversion of authority seem any. astute and honest of platform-makers, to say what at
How wonted we have become to it present constitutes a Republican or a Democrat beyond
wise remaikable.
means of expenditure, are
also a
creased trade of the season.
Still
—
appears from the very circumstance that its abandonment what turns upon the fact of office or non-office, because
as purely negative as is any man's refraining there is no existing question of public policy upon which
to violate the Decalcgue is dignified by being called either party is clearly and fully committed in its entirety.
—a thing
—
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
the President's "policy," as
how little legislation except the purely routine sort has
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
the leaf is turned. Whatever else is done cr not done, exists as a field for parties. Decidedly, it is time to
change all this and give life and force to the doctrine of
it seems safe to say "the Southern question" has been
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;
or policy on any narrower field than the whole country. if no policies exist, then parties are an excrescence; and
Now, this is a change the importance of which it is if policies of importance exist, to be determined and
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 discouraged capital and immigration the effect must be to
CURRENCY CHANGES TO OCTOBER I.
powerfully stimulate their capacity for both production
The Comptroller of the Currency has issued during the past
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
now
ever, the fact is that not until
has the practice of
interference been definitely abandoned,
and that
this
'
;
:
more
instead of half a one.
— what
In the second place
of great importance, although how great as compared
with the other it is impossible to determine relegating
" the Southern question" to the past, takes out the worst
is
—
and
National bank notes outstanding when Act of June 20, 1374, was
passed
$349,894,182
National bank notes issued from June 20, 1S74, to Jan.
14.1875
..
$4,734,500
National bank notes redeemed and retired between
,
samedates
2,767,232
manageable of what maybe called the political
1,967,263
uncertainties
wrangle as we may hereafter, the subject National bank notes increase from June 20, 1874, to Jan. 14, 1875.
most open to passion and least to reason, and at least National bank notes outstanding Jan. 14, 1875
$351,861,450
one of the most dangerous in any view of it, is put out National bank notes redeemed and retired from Jan.
14, 1875, to date
of the way.
The subjects of uncertainty remaining National bank notes surrendered between same dates. $58,866,036
8,459,80J
relate to the finances and the revenues, subsidies, railTotal redeemed and surrendered
$67,3!5,636
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
virulent.
We have only to look back over the last six
National bank notes outstanding at date
$315,691,949
years and note how all matters, from the federal departGreenbacks on deposit in the Treasury June 20, 1874, to retire
ments out to the country cross-roads store, have been notes of insolvent and liquidating banks
$3,813,675
tangled with the federal treasury and with politics, and Greenbacks deposited from June 20, 1874, to date, to retire national bank notes
72,256,145
how business has been beset with those special uncertainTotal deposits
$76,069,820
ties which could neither be foreseen, measured, disCirculation redeemed by Treasurer between same dates without
counted, nor yet disregarded, we have only to note
6I,633,!:6S
re-issue
this in order to see how very decided a step forward
$14,486,552
towards substantial prosperity the removal of the chief, Greenbacks on deposit at date
if not the only, source of political struggle must really Greenbacks retired under act of January 14, 1875
$85,085,068
366,914,932
be.
The financial and other questions remain to be dis- Greenbacks outstanding at date
indicates
the
amount
of
following
statement
National
The
posed of, and some of them are explosive enough;
issued, the amount of legal-tender notes
but it is a great gain that they are to be met in no spirit Bank circulation
deposited in the United Staves Treasury 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
least
;
;
—
:
()CT0I1KR
0,
THE CHRONICLE.
1877.]
CLOSING PRICES OF OOVEHNHENT SECURITIES IN SEPTEMBER,
Legal Tender Note* deposited to
retire National Bank Circuit
Additional
Stain and
tion tine*
June
Circulat'n
For re- To retire
issued
sine* June demotion circulation
20, 1874. of notes or\under Act
Territories.
on deposit
with the
I
Liquldat- of June
ingbunkt
Maine
New Hampshire
Vermont
W,
ir.S,:lln
Connecticut
New Vork
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.
Virginia
West Virginia
;ia
Florida
Alabama
5,144.800
617,885
1,249,490
16,391,900
973,940
5.420,415
166,666
393,164
706,864
731,069
815,600
3:4,100
44.870
801,060
87,700
819,730
45,000
107,600
NorthCarollna
South Carolica
10,800
65,350
258,891
80,060
662,933
5
toil, 300
38,800
593,147
5.540,600
617,385
1,8:4,840
17,350,791
1,001,000
6,083,39!
1,182,580
427.500
778,915
301,300
809,185
968, 380
847,075
387,725
at date.
$111,890
11
68,058
8
18
143,594
1,412,713
'lit&o
1,319,180
810,664
1,485,779
171,394
257,085
191 007
220,780
134,210
142,215
985.(6(1
809,185
953,380
615,400
94, MX)
4,320
40,900
362,132
8,19l',606
"87,063
91,500
Mississippi
1,181
Louisiana
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nebraska
2,099,250
635,750
122.130
116,100
90,000
2,319,640
313,200
159,470
1,166,880
1,688,970
1,006,425
Texas
Arkansas
Kentucky
Tcnnesree
3,7351666
229,340
90,000
1,774,600
724,860
4.0f 5,720
3,323,981
4,258,539
6.871,000
1,858,390
1,106,399
1,964,462
1,433,281
748,471
233,030
229,340
90,t()0
575,867
235,901
260,731
1,198,633
488,959
3,744,989
2,110,460
3,553,680
5,949,526
1,698,490
741.40J
1.456,450
1,218,545
189,900
188,080
1213,521
704,359
921,474
159,900
864,999
508,012
219.676
558,571
45,000
400,6*
161,900
720.440
102,520
30.600
27,000
759,699
24,113
Nevada
Colorado.
"
'H783
816,663
Utah
Montana
161,191
'22U83
149^400
196,8
45,000
357,991
45,000
Legal-tender notes deposited prior to Jnnc
JO, 1874. and remaining at that date
Total
$38,090,335 10.942,739 »6I,813,407 $76.069,880 $14,486,552
FINANCIAL REVIEW OF SEPTEMBER.
In the
money market
there
was a decided advance
in the rates
.... 107ft 109
107ft
....108
107ft
.... 108
109
109ft 103
105ft
cur.
".
HO
"';!iio""ii6ft'i6oft
io.'.'
'..'.'.'
105ft 107
....
....
19
20.
109«
21
109ft 110)4 105ft l(7ft
109ft 110ft 105ft 107ft
H
24.'.'
'.'.'.'.
25
....
....
...
...107ft
110ft
109ft 110ft
107ft
...
.... 107ft 109ft 107ft
105ft 107ft ....107ft
...
107ft
.... 107ft
'
»
28
29
....
107ft 105ft 105ft 102ft 121ft
107ft 105ft 105ft 102ft
..„
107ft .... 195ft 102;/, 122ft
105ft
...103ft ....
'.'.'.'.
IMft ioiift'i'lft"
....
105ft 1.5ft 101ft
....
105ft 105ft 101ft
.... 107ft 103 ft 103ft
...107ft ... 105ft 101ft ....
.... 105ft 105ft !01«
....
108ft
....
107ft
107ft
....
:io9ft"!.; !'io5ft' io7ft'iwft'ic7ft' 'i'dsft''.'.\\''"..\''ie5ft'
.... 107ft 109ft 107ft 108ft
.... 105ft
110ft
109ft 110ft
107« 105)4
109ft 110ft
....
...107ft
107ft
... 105ft 107ft ....106ft .... 107ft 105ft
109ft
109)4 110)4 105ft 107ft
....106ft .... 107ft 105ft
»•
'.'.'.'.
ids';/ icfft;'".\'.'.'io5ft irax"
.... 105ft 102ft
107ft
S
..109)4
102ft
102ft 123ft
102ft 21ft
102ft 133*
.
107ft lC9ft 107ft 109
.... 107ft
....
110ft 105ft 107tf
110ft 1C5« 107ft
109ft
;
107)4 ••••
110ft 105ft 107ft
109ft
109ft
109ft
109ft
14
15
16
17...
18
".'.'.'.'".'.'.'.'
"..
108
107ft 106
106ft 106
..
.„ 106ft
101
107ft 100
...
111
111
OpeningUOft 111
105ft 107ft 110ft 108ft 103ft 103ft 106)4
Hlghest.llOft 111
105ft 108
110ft 108ft 109ft 108ft 108)4
Lowest..!09ft 110ft 105ft 107
109ft 106ft 107ft 107ft 105ft
Closing.l09ft 110ft 105ft 107ft 100ft 106ft 108ft 107ft 105ft
COURSE OF GOLD IN SEPTEMBER, 1877.
"..'.'."
'.'.'.'.
105ft
105ft
105
105ft
101ft 121
10!
121
....
101ft
101ft 120ft
106ft
106ft
105
106ft
103
103
101ft
101ft
&
123
128ft
120ft
120ft
M
Date.
g
Date.
3
o
KM
Saturday
1
Sunday
2
Monday
3 103ft 103ft 103ft 103ft Thursday...
4 103'/, 103ft 103ft 103ft Friday
5 103ft 103ft 103ft 103ft 'Saturday
6 103ft 103ft 101ft 101ft Sunday
7 103ft lC3ft 103ft 103ft
8 103ft 103ft 103ft 103ft Sept., 1877
Tuesday
Wednesday...
Thursday
Friday
Saturday
3,813,676
6s.
,
„
1,668
662,758
160,808
864,161
1,361,647
822,358
1,475,303
333,873
233,067
410,003
2S0.S48
271,317
115,530
8,209
51,961
48,468
2,610
105ft 107ft
03ft 110)4
110
134,807
96,400
^Wi'M-,
....lOSftxWioi^loSxlWxlO?
I
*
7
8
$41,200
37.400
ioTT.
—
f.".';.'.'.'ttj«'iii'" y"/i6iU'iiik'*^'''y.ykiii'i6Hi'i^'i^'''.'.'.'.
lOJft 110ft 105ft 107ft
.... 107ft. 106ft
06
02ft 123
Treasurer,
10»ft
WI.B70
8,8*9,606
819,060
1,147,810
6,506,880
1.079,356
4,781,780
84,175
191,010
S.
J'O* "I
6
$1,121,780
493.465
Island
47.
Total
Deposits.
—
,-6s,1881-. r-6-20*, Coupon^,
10-408
5«,'81.
4s
reg. coup. '66 n. 1867. 1868. reg. conp/conp. reg. coup,
reg.
Sept.
1874
$000,010
Massachusetts
Rhode
Legal
Tenders
1874.
SO,
32:5
103ft 101
103ft
Sunday
9
10 103ft 103',' 103ft
Tuesday
.n;io3ft 103ft 103ft
Wedoee<jay...l2 103ft 103ft '-03ft
Thursday
13 108ft 103ft 103ft
Friday
14 103ft 103ft 103ft
Saturday. ... 15 103ft 103ft 103ft
Sunday
16
Monday
198ft
103ft
:03ft
103ft
103ft
103ft
Tuesday
25
Wednesday... 26
103ft 103ft!l03ft 103ft
!03ft 103ft 103ft 103ft
.27 103ft 103
103ft 103
28 103
108
101
108
:
29 103
20
108
103ft 103ft
101
102ft :04
!03ft
110ft 109ft noft i:o
114ft 113ft 117ft 117ft
.. noftlnoft109ft 109ft
115* 110ftlll6ft 111*
113ft 112ft 115ft 114
|112ft 112ft 115ft 114ft
1870..
1116ft 112ft 11614 113ft
1889..
133ft 139ft !62ft 129ft
144ft ••44ft 145ft ,141ft
1867.
141ft '.41
146ft •143ft
1866.
147ft !43« !47ft '46ft
1865.
144
144ft 142ft *.45
1864.
245
191
254ft 193
1863.
127
126ft 143ft 141 %.
"
1862
122*
116ft 116ft 124
Since Jan. I,'77.!l07ft 103ft 107ft 103ft
1876
1875
1874
1873
1872
1871..
1
for call loans, time loans
cause for the hardening in
move
for currency to
and
in
money was found
money
the opening of the
in the
the large crops of the South and West,
no year since the financial
large a call for
17
The main Monday
Tuesday
18
Wednesday... 13
large demand Thursday. ...20
and commercial paper.
crisis of
1873 has there been so
for use in this legitimate business
The
fall season.
way
at
reserves of our city banks
were materially drawn down, and by the statement of September
29 the surplus of gold and legal tenders was only $8,435,000
Friday
Saturday
Sunday
103ft H2ft 103ft 103
102ft 102ft 103ft 103
103
103
103ft 103ft
103ft 103ft 103ft 103ft
21 103ft 103ft 103ft 103ft
103
... .22
103ft 103ft
23J
Monday
24 103ft 103ft 103ft 103ft
The following
and
in
sym-
pathy with the weakness in gold, and on account of the absence
demand from any
of a large
The usual heavy buyers
quarter.
banks, 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
Railroad Stocks. Open. High. Low.
64
75
& Susquehanna. 64
Central of New Jersey., lift
21«
10ft
Chicago & Alton
90
85
87ft
Albany
pref
do
Chicago Burl. & Quincy 99
Chicago Mil. & St. Paul. 24
do
do
pref.
59ft
22'
Chicago & Nerthwest.
do
pref. 51ft
Chicago & Rock Island. 95
Clcve. Col. Cin & ltd
26
.
.
ments.
Cleve
Speculative stocks, with some exceptions, held their advance
of August pretty well, and some of the northwestern railroad
stocks advanced materially
Bince the
commencement
on the large increase in earnings
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 4.81} for prime
bankers' 60 day sterling bills.
CLOSING PRICES OF CONSOLS AND U.
SECURITIES AT LONDON IN SEFTEMBSB
8.
Consols U.S.
Sate.
Sep t.
1
for
5-80,
Money.
1887.
107
95ft
New
10-40 5s of
1881.
f
ft
Consols U.S.
Date.
Money.
M
M
M
i
1
s
u
Open.
95ft
Highest 95 13-16
Lowest 95 8-16
Closing 95 11-16
1
W
107ft
107ft iosft
107ft 107ft! 107ft !05ft|
107ft 107ft!l07ft 105ft
I
8"
.
107
New
iasi. 4 fts.
'
hmx
1
5-20, 10-40 5s of
1867.
Sept. 20 95 9-16 107ft 107 ft 107ft
21 95ft
107'.i 107ft !07ft
22 95 12-16 107ft 107ft 107ft
s....
95 11-16 107ft 107ft 107ft
25 95 11-16 107ft 107ft 107ft
95 9-16 llflft 107ft 107 ft
27 95 9-16 >07ft IH7', '.07ft
28 95 9-16
107ft 107ft 107ft
29 95 11-16 107 ft 07
107ft
:07,N 103ft
2
3 95 3-16 lu7ft 10-tft 107*
105ft
25 5-16 jl07ft 108* 107S
105ft
»s 5-i6
108', 107ft
106ft
95 5-16 107ft 108* 107ft 106ft
93ft
107ft I08M 107ft 105ft
8 95 5-16 ;107
106* 107* 105ft
9
8....
10 95 5-16 107
107* :oift 105ft
11 95 £-16 107*
107ft 07 ft I06ft
IS 95 5-16 107ft 107ft 107ft
105ft
95 9-16 107ft 10714 107ft! 105
14 95 9-16 101 ft
107ft 107ft 105
15 95 7-16 107* p07ft
107ft 105
It
17 95 7-16
18 95 9-16
19 95 9-16
for
4*e
*
108ft
107ft 108ft
107
lOTft
107ft 107ft
96«
93
Pittsburg, guar.
Columb. Chic.
Ind. C.
Del. Lack.
Western.
79ft
2ft
42ft
Dubuque
Sioux Ci: y.
46
Erie
8ft
do pref
18
Hannibal
St. Joseph.
12
do
do
pref. 28ft
narlera
140
Illinois Central
61ft
Kansas Pacific
2
Lake Shore
Mich. 8o. 51ft
Lonisville
Nashville.. 28ft
Michigan Central
48
Mo. Kansas & Texas
4ft
Morris
Essex
68ft
New Jersey
127
New Jersey Southern....
Hud. Riv. 94ft
N. T. Cent.
Hart. 151ft
N. Y. N. Haven
Ohio
Mississippi
8ft
&
&
*
.
&
&
&
&
&
pref..
Panama
105ft
Pitts.
103ft
Rensselaer & Saratoga.
St. L. Alton & T. II
..
105ft
105ft
lOift
St. L. Iron Ml.
St. Louis Kans.
Pacific of Missouri
do
pf.
A Sonth.
C. & N.
do
do
Second Avenne
Union Pacific
pref.
receipts .......
107ft 105ft
107 ft 105 ft
107 ft 105
Warren
107ft 105ft
American Dist. Tel
Atlantic* Pacific Tel...
Western Union Tel
110ft 110ft 109
106ft
106
107ft lOSVi 103)4
5
51ft
49
12ft
23ft
12ft
29
142ft
65ft
2
65ft
M
284
59)4
5ft
77ft
127
21
59ft
21ft
50ft
94
24ft
78
2
40ft
46
8ft
18
9
23
139
60ft
2
49ft
28ft
43
4ft
63ft
1*7
75
16ft
87
i66"
31
66ft
S3
62ft
100ft
82)4
81ft
4ft
49
47
12ft
22
12ft
28ft
142ft
65)4
70
16ft
86ft
102
99ft
31ft
67
32ft
62ft
100ft
34
62
4ft
4)ft
51
13ft
81
12ft
27ft
142ft
66
2
2
64
29ft
56ft
57
5
74
4ft
75
127
129
X
103
158
101X
8
8
10
2
2
2
101
113
91
,12*
96
99
8ft
17
7
88
66
8*
15
7ft
8ft
38
68
4ft
113
92ft
(6
8ft
18
8V4
4ft
24ft
7ift
15
86ft
96
8ft
15
6X
8X
16)4
8
3)4
21ft
4ft
4X
75ft
19ft
87
103ft
102ft
86ft
72ft
88ft
64ft
102ft
41ft
152ft
,1*
91
Consolidation Coal
21
24
18ft
7054
91
26ft
26
21ft
83ft
21
2(1'.
24
17
70ft
21
70
15ft
84ft
103ft
101ft
82
8X
46ft
52
21
14ft
81ft
142ft
51
10
20
72 ft
11ft
26ft
141
65ft
4ft
66ft
»9ft
61ft
6ft
83
129
61ft
29ft
56ft
4ft
70ft
129
X
104ft
154
7V4
14
2)4
118
92ft
100)4
8ft
18
7
2
i
1
*
21
HX
28
142ft
71X
4ft
63ft
3
129
X
99*
152ft
I01ft
154*
7
10
2
111
90
15*
118
92
100
3ft
15X
5ft
6
5ft
28
70
68ft
9ft
26ft
70
Hft
70ft
70
70
70
70ft
18ft
76ft
Hft
78ft
76X
24ft
24ft
19
81ft
25)4
»4ft
22ft
84ft
*2ft
»4ft
19
76ft
21
82
3ft
24V
24ft
24
19
Sift
102ft
37ft
44ft
4ft
23)4
Hft
86ft
72ft
38ft
64ft
5ft
6ft
miscellaneous.
Pacific Mail
70
14ft
81ft
102
99)4
80ft
66ft
33ft
61ft
99ft
31)4
59ft
62
13ft
1
2
8
-September.—
High. Low. Clos.
83
64ft
I8ft
X
X
Open.
93ft
151ft
101
F.W.& Chic, gnar
Wabash
102
35
82
S8ft
Clos.
103ft
158
7ft
lift
&
&
do
104tf
31ft
67ft
85)4
68)4
%
Go
I
-SIP
&
.
106ft
105ft
105ft
105ft
highest, lowest
prices of railway
Au: :ust.—
during the month
securities declined
show the opening,
table will
and miscellaneous stocks at the
New York Stock Exchange during the months of August and
September:
RANGE OF STOCKS IN AUGUST AND SEPTEMBER.
cl osing
against $10,322,775 at the same time in 1876.
Government
!
67ft
12ft
7«ft
23)4
34ft
20ft
79ft
THE CHRONICLE
324
— August
-September.Open. High. Low. Clos
,
Open. High. Low. Clos.
Maryland Coal
Pennsylvania Coal
3
155
9
155
9
155
*..
9
155
155
22
2
22
MariposaL.&M
do
IV
prf
Ontario Silver Mining..
Quicksilver
do
S1V
lax
prof
21
20
35
100
24
21V
32
18V
81*
»2V
92
45/,
45V
44V
16V
24
92
Adams Express
99%
American Express
45
46V
41
United States Express..
Wells Fargo Express
Bel. & Hud. Canal
Canton
41V
45
42V
82
84V,
41
82
S3
82
40V
50V
33V
14tf
14J4
14J4
49V
14V
New\orkGas
36tf
100
60 days.
Sept.
*
"
"
"
"
"
"
"
"
"
"
"
"
"
"
3 days.
57V
.4.82J(@4.83V
2.
S
.4.82V@4-?3V 4.86 ©4.86V
4.81V@4.82J4 4.85 ©4.85V
.4.81VS4.82V 4.85 ©4.85^4
4.82y@4.83
4.85V@4.86
4.823£@4.33K 4.86 &4.86V
3
4
5
6
7.
A.i2%®i.Wy,
8.
©4.86V
4.86
Sept.1
"
18.
19
©4.86V
4.86
10.
11.
12.
13.
14.
.4.82XS4.S-3V
4.86
.4.82V®4.»)'/,
4.86«@1.8r
4.66V®4.87
4.86X@4.87
.4.S2V@4.83*
.4.S2V@4>3S4
4>2V®*.83'/4
4.825i@4.83V
15.
16.
©4.86V
.
""
4. 86V©4.S7
V ©4. 87
4.
4 86
©4.86)4
86
©4.66V
V
86
85V@4.86
4. t5V@4.66
4.81^@4.:B2V
©4.87
4.85
—
Exports
Dom'tic
,
$
Aroo8t'k,Me
Baltimore
Bangor, Me.
B'stable, M's
.
,
Customs
of mer-
1,181
56,665
N
5,354
58
188,655
2,956
M'h
28^215
20,455
7,810
699
70,093
Duluth, Min
398
Cuyahoga,
O
Delaware,
D
Detroit,
Dunkirk
NY
Iff
S.Franci6co.C
Savannah, Ga
S. Oregon, Or
St.Aug'tine.F
St.John s, F..
Geuesee.NY
George'n.DC
George'n,9 C
4,100
Glou'ter,
Ms
GtEHar.NJ
14,804
Huron, Mich
Kubunk, Me
Key West, F
16,4i2
Mti
14,882
2.336
1,083
1,857.336
San Diego, Cal
Sandusky, O.
5,408
6,821
Teche, La.
SI, 4 12
LK
Har, NJ
Machias, Me
Mar'head, M
16:
544,251
12,475
Mh
Wiscasset,
W
The following
i,ii3
80,182
1,746
•475
147,986
219.181
9,061
t
1
1.323
.
.$943,203
Not reported.
1817.
[SPECIE VALUES.]
1877
Month
of
,
merchandise.
_,.
August.
w™,.* Domestic
Exports—
Foreign
..
68
IDOrt8 0Ter imports
°l ?
Jixcese of
imports over exports
,
8 Mos.
ended
August 31.
$41,121,459 $36i.877.243
943,209
7,573,637
• $42,664,668
89,254,359
Q.-J.
.
Navy pension. Act July
$375, 150,S3>
336,5u8,163
$3,410,309 $38,942,722
$853,335,500
*8D9 224,150
53.917,41:0
1876.
,
Month
of
August.
,
8 Mos.
ended
August 31.
$39,709,284 $3627803,156
918,422
10.062 144
$40,622,706 $362,871, 600
35,334,813 298,3)8,683
$5,237,893
Principal. Interest
appl'd only to pens'ns $14,000,000 $'.05,000
23,'68, Int.
Debt on Which Interest Has Ceased Since maturity.
There is a total amount of over-due debt yet outstanding, which has never
been presented for payment, of $19,3:34 320 principal and $853,154 interest. Of
this amount, $18,558,150 are on the " called'' five-twenties.
Debt Bearing; no Interest.
Authorizing
Acts.
Character of Issue.
Old demand notes....]
^
-J
Coin
certificates.,
Total.
$63,722
Prior to 1869
$21 641,879
Series of 1869 ire, 781,863
.•il. •295.-80
Series of 1.814
Series of 1815 11;. 195,3:0
'62
11, '62
Legal-tender notes ...< July
Mar.
Fractional currency
Amount.
u]'>w\
Feb. 25,
Certificates of deposit
Issues.
3, '63
June
8, '72.
July
Mar.
17, '62
June
30, '64
Mar.
8, '63
I
3, '63-j
I
35f .014,032
43 ,110,000
V9!,1C6
First....
Second
114.U5
Third...
028,249
Fourth.
4'i9.0:-S
Fifth.
854,101
.
8,186,642
,997,500
.
Aggregate of debt bearingno interest.
Unclaimed intere-t
$64,537,917
........
at 6
at 5
at
at 4
in
Coin
$456,872,796
7,417
Interest.
—
per cent
per cent
per cent
per cent
$7S9,2P3.r00
70V266.650
4V
200.000,000
10,00",000
Total debt bearing interest in coin
Debt bearing Interest in Lawful Money —
Navy pension fund at 3 per cent
Debt on which Int. has ceased since Maturity.
Debt bearing no Interest —
Old demand and legal tender notes
corresponding periods of the year immediately preceding:
.
Q— M.
19i;7
142,886,660
$6,929,960
98,499,000
15.729.5)0
210.418.650
113.070.760
9,114,500
4,597.000
915,000
63,060,250
21,082,600
52,179,650
106.t97.600
212,189,900
21.736,300
289.021,700
86,929,250
885,500
i
3s,
Bonds
Bonds
Bonds
Bonds
Comparative statement of the imparts 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
1,
Q.— F.
1881
1891
Aggregate of debt bearing interest in coin.
Debt beauino Interest
:
Specie value of domestic exports, $11,721,439.
* Foreign exports, Boston, $ 17,234.
t Estimated.
i^
1881 July 14,
1891 July 14,
1907 JulV 14,
13^818,000
Amount
t
|
Corrected to Oct.
1881
1904
18*5
1837
1883
|.
126,261,100
Outstanding
'608
32'3]993
are the totals for the month of August
Domestic exports. $43,693,973 Foreign exp'ts.
|
Coupon.
$260,000
ICccapltuIatlon
18,314
..
Me
Bonds Outstanding.
Debt Bearing Interest in Lawful money.
6,494
84,621
3,792
2,20"
4,149
1,579,257 tjj',660
35,556
York, Me....
Yorktown, Va
463,425
30,781
Imports.'. .$39,254,359
.
Tm„
lmDort8
d».
do.
.V.L'iis
631
1,900
Vermont, Vt.
Miami, Ohio
8,
& J
& J
& J.
& J
& J.
M. & S*
J. & J.
J. & J.
J. & J.
J.
J.
J.
J.
J.
1 ;',056
Vicksb'g Miss
Wal'boro, Me
Willamette.O.
Wilm'ton. NC
1,000
M'town, Ct.
Milwauk,
Min'eota, M,
„_
Feb.
9,876
St.Mark's, F..
St.Mary's, Ga
Stoninglon Ct
Superior,Mich
Tap' nock, Va
799, 202
1814
1880
1-81
1881
14,
f
Tex
1877.
Registered.
War
NY
Saluria,
F. Bay, Me.
Galvest'n, T
Mic'gan,
2,298
984,460
27.289,615 22,866,153 531
197,390
18,469
s,so-,352
Norfolk, Va..
8,000
77,429 81,171 Oregon. Or..
491,689
O'gatchie,
. . .
48,889
53.793
Oswego, NY.
215,563
136,817
32,093
Pamlico, NC.
1302
16,705
329 P del Norte,
9,691
42ii76
P'quoddy, Mc
84,: 94
161,381
4o|p66
P. JRiver, Miss
91,338
Pensacola, F..
846
2>27
75,095
190,95) 3,5:6 P.Amboy, NJ
32,331
186,297
Petersburg, Va
Philadelphia.. 1,639,283 3,155,749
1,449
678,484
Plymouth, Ms
32,291
Portland, Me..
61,723
100,312 rbos
130,445
Po'moutb,
4,237
650
Providence. RI
20,412
3,165
559,503
Pt. Sound,
173
50,044
5,299
Richmond, Va
5,592
616,571
Saco, Me... ..
9J
5,113
313
..$6,530,347 $102,181,396
or denominations of each issue of bonds are as follows: (a) Coupon
$1,000, registered '{5,000. (6) coupon $1,000, registered $1,000, $5,000, $10,000.
(c) $50, $100 and $500.
(d) coupon, $50. $100, $500 aud $1,000, registered, same
and also $5,000 and $10,000.
* 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 for. The total current accrued interest to date is $17,8 <0,349
WT
45
Ct
F.Riy. Mass
Fernandina.
Act.
June
Funded Loan,
4s,
NcwYork.NY
Niagara, N.Y
S. Harbor,
Salem, Mass
Erie, Pa....
$64,200,290
Interest
Periods.
Anth'rizim
NH
EastDist.Md
Edgart'n.Ms
Fairfield,
453
$43,388,436 $103,315,120
36,858,0S9 306,127,724
The sizes
T
isidso
Castine, Me.
Ch'stone, Va
Chicago, 111
Corpus Chris
R.I.
7,194,041
official
March 2,
July&A.
March 3,
March 3,
new. March 3,
March 3,
5-20sof 1863
March 3,
Oregon
6s,
5s.
i
NY
941
177,210
NJ
Chmp!'n,NY
Charlstn, SC
La
2,413
5.103
24,273
113,736
38,574
491,593
Orleans,
Newport,
Bridget'nNJ
Burl'ton,
10,41
3,901
N Bedford, Ms
Nburyport.Ms
Nw Haven, Ct
N London, Ct
37,93a
'479
Me
CVlnc't.NV
3,3:12
NJ
Newark.
Boston, Ms.
Brazos, Tex
Br'l&W'nRI
Brunsw'kGa
Buff Crk.NY
-Exnorts.-
Domestic For'n.
I
Natchez, Mi:
3,414
1,856,284 4,148,675
SC
$3,682,966
6s of 1831...:
lis of 1881
5s, 10 40's
6s, 5-2('s of 1865,
6s, 5-20s of 1^6?
4Vs.
Nantucket.Ms
2,873
Bath, Me.
Belfast,
I
Mobile, Ala..
Montana, &c.
Beaufort.NC
Beaufort,
Imports
Districts.
$
2,400
the
is
5s of 13:8
6s of 1881
:
Districts.
$44,578,228 $415,048,905
40,895,262 350,783,615
Character of Issue.
S..
chandise imported into, and exported from, the United States
during the month of August, 1877
Al'mrle, NC.
Al'xdria.Va.
An'polis, Md
Ap'chcola, P
$15,443,520
Debt bearing: Interest in Coin.
6s,
Alaska, A.T.
$3,765,730
1,473,216
4.86V©4.87
IMPORTS AND EXPORTS FOR AUGUST, 1877.
Statement, by Customs Districts, showing the values
Imports
$39,593,020
14,275,451
4
Range...4.813»@4.83^
Customs
$1,913,560
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:
s
4.
$40,615,622
4,827,898
THE DEBT STATEMENT FOR SEPTEMBER,
4.82
4.82
83
:,',! 83
4.81V©4.:82
Mos.
$2,182,608
583,122
1,610,903
The following
4.8*xa< 83V
"
8
$30,620,483
8,972,537
Excess of exports over imports
Excess of imports over exports
86X@4.87
86V 444. 87
86V@4.37
"
August.
Excess of exports over imports
$272,657 $25,317,568
$1,292,454 $37,649,419
Excess wf imports over exports
Total Merchandise and Specie.
Exports— Domestic
$43,247,816 $308,497,731 $41,391,802 $393,421,718
Foreign
1,380,412
18,546,174
1,496,544
14,890,841
86>4@4.87
86!4@4.S7
4.'S2V©4.83'<
29.
30.
4.86!4®4.87
82V@4. 33V
8 Mos.
$1,526,357
337,203
Total
Imports
Total
3 days.
XXY.
-1376.-
August.
bullion).
Foreign
129
1877.
,4.82V©<. 83'/,
A
IV
&
Imports
83V©4 83V
.4
4
23
18
1*9
4.S2V@4 83H
.4.82Va4 83V
.4.82V@4 83-4
20.
21.
22.
23.
24.
25.
26.
27.
.S.
9.
1
52V
47V
83V
39V
23
60 days.
1
20tf
36
9614
82
129
UnionTruet
120
120
120
12b"
BANKERS' STERLING EXCHANGE TOE SEPTEMBER,
2
22V
45V
«<V
50
85
49V
2
21V
18V
31*
91
55V
ct Silver (coin
Exports— Domestic
IV
IV
a
2
22V
22V
18
129
157"
155
157
Gold
[Vol.
$1,712,560,250
$26,338,214
14,000,000
19,334,320
125,000
653,154
$356,978,654
Certificates of deposit
42.915,00.'
Fractional currency
Certificates of gold deposited
18,788,648
37,997,500
Total debt bearing no interest
$456,872,796
Unclaimed interest
7,447
Total
$2,202,767,367
Total debt, principal and interest, to date, including interest due
not presented for payment
Amount in the Treasury—
Coin
Currency
Currency held for the redemption of fractional currency
Special deposit held for redemption of certificates of deposit
as provided by law
$27,123,816
2,229,891,183
119,152 043
14.206,417
8,835,468
48,110,000
J 85,303, S28
Total
1
Less estimated amount due military establishment, for which
bo appropriations have been made
Total
Debt, less amount in the Treasury, Oct. 1,1877
Debt, less amount in the Treasury, Sept. 1, 1877
Decrease of debt during the past month.
Decrease of debt since June 3C, 1877 ...
.
7,000,000
$178 303,028
2,051,5-7,254
2,055,460,179
.'
$3,882,524
. I
",670,:
63
October
II. .in I.
9,
ilit> Paclllc Knllroml Companies, Interest
Parable In Liwlnl »i •••->
Annexed
Issued to
Character of Issue.
,
mas, tao U, 188,911
6,so8,ooo
I'ai-ine.
I'nlou Paclflc.
Sioux City and
1,531,I>KI>
4,851,838
60,748
1,887
IfiOOfiOO
1,170.560
1, 628,820
Pacini'
*B4,ftS),51S
Total
82,132.16'
S.p«),3o3
IS, 152,708
9X.VM
»>..-,.'i;,;.i'.-."i
bank
H7.M6.877
Government
EXCHANGE ON LONDON.
21.
cities
short
85..V!)i(&25.42)i
20o9
Hamburg....
Paris
Paris
short.
©20.71
©25.25
25.'.5
:!
m
-.
short.
Cadiz
Lisbon
Milan
Genoa.
Naules
Madrid
New York....
Rio de Janeiro
M gays.
3
3 mos.
©80.71
20.89
20.89
Frankfort
St. Petersburg
Sept. 21.
ehort.
117.76
20.47
20.48
Sept. 17.
3 mos.
24K
aSO'l
xSm
47X@17X
27.97X@.'8.02!4
Sept. 17.
Sept. Si.
Aug.
Aug.
5.
3 mos.
F.0
l»)
Aug.
.
Berlin
demand.
U. 9«d.
Shanghai....
Sept.
Sept.
M-pl.
Sept.
Rangoon
t-ept. la.
Bombay...
Calcutta.
.
1».
...
9X<*.
Hong Kong.
Alexandria
;
.
Sept.
80.
84s. 7d.
46s. 8d.
7 15-16d.
8Kd.
Is.
U.
2Xi-
Is.
:).-.
15.
is.
.1
mos
C.
8 p. c.
95«
46s. lid.
O.vl.
59>. Od.
e 13-ltid.
lid.
86,3)5,000
10>,d.
92,429,000
lOKd.
48s. 7d.
6*d.
99,583, 0J0
rates of discount at the leading
Open
Bank
Open
@4X
4«@1X
market
rate,
$
Petersburg.
Brussels
Turin, Florence
cent, per cent.
6
St.
Rome
Leipzig
Genoa
Geneva
Calcutta
Copenhagen
2>;
SH
5
6
5
8
4
and
4)4
4K
3
B
5
5
Is.
8 13-16d. received about 95 percent,
and above in full.
On the Stock Exchange business has been remarkably quiet
In the early part of the week, it was rumored that the recent
Russian defeats might possibly lead to an armistice, and hopes
VXd.
M'l.
id.
»5K
entertained
were therefore
[From our own correspondent.)
that
the terrible conflict
now
in
would be brought to a termination. It was, however >
but too clear that such a hope was too premature, and evidrtnee is
not wanting of the fact that the Russian army is preparing to
winter on the Danube, with a view to a renewal of the campaign
progress
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 Tor transmission to
Alexandria, in connection with the Egyptian
96K
market,
cent. percent.
2
IX
2%@SK
3
5
5
4X@1X
4
5
ders on all Presidencies at
U. 9xd.
|
94K
14,432,679
4336 p.
;
41K@»1K
18.
'J
52.221,951
14.121.093
19,684,015
The weekly sale of bills on India was held at the Bank of Engthe amount offered was £200,000, £190,125
land on Wednesday
being to Calcuttal £5,000 to Bombay, and £4,875 to Madras. Ten-
90 days. 4.S5-1.S7 per £100
U. 9 8-16d.
15.
in.
92V
Frankfort
VlennaandTrieste..,. 4>4
Madrid, Cadizand Barcelona
6
6
Lisbon and Oporto ...
4.83)«'
1.
25.
3 p. c.
«
Hamburg
47.90
days.
dayi
;>.<".
p. e.
2 p. C.
(37v,»48
abroad:
Paris
Pernambnco
.
<.:,««, in*
35.017,529
92Jtf
rate,
37.4i)
Valparaiso..
Trinidad
House
#
51HS5IX
months. 27.97X@28.Li2*
27.971i@28.02H
*6S ®4bX
11,246,069
27,584,023
O.Vd.
return. 84.602.000 102,121,000
Amsterdam.
&25 37K
n.02xari.07H
Berlin
14,788.803
3 p. c.
Bank
12.11
25 21
20 47
25. 18
3months.'|5S0
Vienna
5.066,993
22,547,114
18,555,140
17.891,987
The following are the current
Sept. 21.
IS.4X-ai2.4K
5,720.576
18,886.0 S
18.888,839
17,007,086
6311
Bank-rate
OonBols
English wheat, av. price
Mid. Uplandcotton...
No. 40s, mule twist fair
idquallty
Clearing
months
£
27.971.874
to liabilities
U LONDON VNO ON LONDON
AT LATEST DATES.
3
21,8*4,051
securities. 13,270,168
1877.
£
28,114.078
6,591,881
88,281,981
15.s29.155
16,015,085
Other securities
21,765,531
Reserve of notes and
coin
13,238,507 12,291,959
Coin and bullion lc
both department*.... 23,546,707 23,315,964
Proportion of reserve
LATEST
DATE.
Amsterdam
Antwerp
9,072,4'i8
1876.
£
i8.l:i0.088
£
25.736,416
Public deposits
Other deposits
KVOIHXIJK
SEPTEMBER
post-bills
1875.
2fi,4:)li,4'.'9
£
Circulation— Including
tattat ftlonctarg and ojainmerctal ifuglu!) Nca>«
EXCHANGE AT LONDON-
1874.
1873.
949,480
8.8,572
Pacific Railroad bonds are all issued nndiT the acts of July 1. 1862, and
July 2. 1884; they are registered bonds in the denominations of $1,000,15,000
and 110,000; bear 8 per cent interest in currency, payable January 1 and July 1,
and mature 30 years from their date.
(»P
of Consols,
four previous years
1)11,051
The
1TKH
Bank rate of discount, the price
Middling
Upland cotton, of No. 40'a Mule twist, fair second quality,
and the Bankers' Clearing House return, compared with the
112,001.744
2,188,573
10,201,S4«
*5,;<29
8.8.750,652
astalement showing the present position of the Bank
in
the average quotation for English wheat, the price of
|
i
825
of England, the
Interest Unlance of
paid by irapald bj Int. paid
Amount
ht's
tr'nsp't'n
by 0. 8.
United
Outstand'g.
rest
Ct-ntr
OHKuNICLK
THE,
1877.]
in the spring.
cotton crop, but
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.
Germany has not been a buyer of gold, and, consequently, the
Bank return published this week exhibits a slight improvement,
We are therefore promised another year of war, the result of
compared with its predecessor. The proportion of reserve to
which will be that trade will be seriously crippled, as it is not so
liabilities now amounts to 4336 per cent, against 42'65 per cent
much the war itself which is impeding our commerce as it is the
last week.
The circulation of notes and of bank post-bills has difficulties which are likely to arise when the final settlement
been diminished by £205,052, and there is a decrease of only
Everyone is aware that great jealousies
to be discussed.
has
£52,072 in the supply of bullion; consequently, the total reserve
exist,
The applications for
numerous, there being a fall-
exhibits a moderate increase of £120,823.
money
at the
Bank have been
less
ing off of £229,265 in the total of "other securities."
event
The change,
stated that
for Council drafts,
and
as
it
is
government on the other side are trifling, it is anticipated
some weeks to come. The silver
market has, in consequence, assumed a firmer aspect, and fine bars
are now 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 throughout 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 ease. Latterly, a steadier tone has
prevailed, and the rates of discount are as under:
that there will be no sale for
Per cent
rate
The
.
8
I
|
I
2«@SV
IXWX\
rates of interest allowed
2
»
Turkey
in tUis generation.
show themselves
shall take place,
in all
if
that
That Russia will gain
in
if
It is
said, ot course, that
for defense, similar to Plevna, and
prove to be a year of greater bloodshed than
than It
the present year. Unless the prospect should be brighter
commerce can be
is at the present momeat, the position of our
scarcely expected to improve.
The elections which will soon be held in France are causing
some uneasiness in Europe, and it ha» been Increased by the
on
manifesto of the President of the Republic which was issued
Wednesday. It is, nevertheless, possible that the Republican
victory;
party, which seems to be in the asceudant, will gain the
but apprehensions exist that an unfair use will be made of the
possibly 1878
may
Such an
to support the power of the present Ministry.
ot
abuse of power is calculated, it is feared, to lead to trouble
army
some kind,
by the joint-stock banks and
8
of
;
Open-market rates
Per cent
4 months' bank bills
8K'*SK
6 months' bank bills
s*U3Jtf
4 and 6 months' trade bills. 3K34
!.!.!!" 2
fell
select strong natural posts
if
not to revolution. French stocks have not,
any serious depreciation in value.
how-
ever, experienced
discount houses for deposits are as under
Joint-stock banks
Discount bouses at call
Discount houses with 7 days' notice
Discount houses withl4 days' notice
happen
the
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 campaign re-invigorated her generals will have had ample time to
of the
Bank
to
evident that they will
when
enter into a compromise with her foe.
said that, in consequence of the famine, the funds at the disposal
Open-market rates
30 and BO.Uys' bills
8 months' bills
is
;
the Indian government lias decided not to
Wednesday
it
she perseveres and makes the sacrifices in men and
money, can scarcely be doubted but another campaign of disaster like the present would very probably compel the Czar to
of discount.
It is
is
the end,
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
invite tenders nex,t
and
their violence
@
@ !..
@ 214
..
-
@ t)i
The public sales of Colonial wool are still in progress, It is
stated that foreign competition haa 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 is
THE CHRONICLE'
326
ncluded some 8,000 bales for the United States. Since last week
the sales have been firm and animated, prices ruling now about
on a par 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>
Btill rules at rather low rates.
The wheat trade has been firm daring the week, but no activity
has been apparent. Choice qualities of produce have attracted
attention, and their value tends in favor of Bellers; but inferior
;
London Produce and
Mon.
£.
d.
s.
Uns'dc'ke(obl).»JtE. 9 15
Linseed (Cal.) $ quar. 56
8ugar(No.l2D'chstd)
on spot,
$
cwt
»
Whaleoil
Linseed
oil.
Tues.
Wed.
£
£
s.
9 15
56
56
23
u
.31
d.
d.
Thur.
d.
s.
£
9 15
56
23
23
78
35 6
30 10
73
35
73
35
31
31
FrI.
£
d.
s.
9 15
56
28
73
85
31
.35
...B ton
s.
9 15
v
23
o
tun. .73
"
Markets.—
Oil
Sat.
£
SpermoU
XXV,
[Vol.
s.
d.
9 15
56
28
6
78
35
6
30 10
(KommerriaJ mtfc JtttereUaiuoit* JXtms.
Imports and Exports for thb Week.— The imports last
week showed a decrease in both dry goods and general
The
merchandise.
imports
total
were
against
$5,198,485,
week and 16,337,687 two weeks previous.
The exports for the week ended Oct. 2 amounted to
descriptions are unaltered in value.
The following figures show the imports and exports of cereal $6,775,624, against $7,427,911 last week and $6,551,539 the preproduce into and from the United Kingdom during the first three viousweek. The exportB of cotton for the week ending Oct. 3
weeks of the new season, compared with the corresponding periods were 10,212 bales, against 2,968 bales the week before. The following are the imports at New York for week ending (for dry
in the three previous years
goods) Set>t. 27 and for the week ending (for general mer$6,400,133 the preceding
:
1877.
Wheat
1876.
2(336,340
375,875
810,571
63.061
337,679
cwt. 3,727,593
Barley
368,223
Oats
Peas
Beans
I,0O9,7liO
38,162
314,399
1,45-2, 152
285,536
Indian Corn
Flour
3.105,5-23
228,594
1875.
4,916,453
358,153
913,054
44,265
176,881
1.437,883
393,734
1874.
2,953,540
692,400
659,256
56,703
111,876
1,442,925
272,265
13,070
2,210
3,105
22,931
389
chandise) Sept. 28:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1874.
. .
12,207,213
4,125,252
1875.
$2,033,861
2,919,342
1876.
$1,406,521
4 092,710
Total for the week.
Previously reported
J6.631.465
302,940,607
$4,933,203
257,912,630
* 215,371,028
$5,195,485
241,202,057
$309,573,072
$261,895,831
$220,870,289
$249,400,542
Drygoods
General merchandise.
EXPORTS.
Wheat
cwt.
105,652
Barley
Oats
6,;03
Peas
Beans
630
818
Indian Corn
Plonr
The
are
14,651
2,719
arrivals [of
Since Jan.
56.456
1.007
2,315
258
391
48,120
4,596
1,942
home-grown wheat are
874
708
2.194
4,526
2,201
161534
6,547
1,558
Last week, in the
150 principal markets of England and Wales, they amounted to
49,084 quarters, against 61,053 quarters; and it is estimated that
*n the whole Kingdom they were 196,400 quarters, against 244,-
250 quarters in 1876. During the first three weeks of the season
the deliveries in the 150 principal markets were only 105,576
quarters, against 152,777 quarters; and it is estimated that in the
whole Kingdom they have been 421,500 quarters, against 611,100
quarters last year. Without reckoning the supplies furnished
ex-granary,
estimated that the following quantities of wheat
and flour have been placed upon the British markets since
harvest
it is
:
Imports of wheat
Imports of flour
1877.
1876.
1875.
1874.
cwt.
cwt.
cwt.
cwt.
4,916,453
393,734
2,041,500
2,958,5(0
274,265
3,596,500
2,721,593
285,538
1,860,000
2,336,310
223,594
2,648,200
4,873,129
103,371
5,213,134
61,352
7,381,687
14,623
6,827,305
29,478
Result
4,764,753
Aver, price of Ens. wheat for season 60 a. 6d.
5,151,782
46s. 6d.
7,367,059
48s. 101.
6,797,827
47s. lOd.
Sales of home-grown produce
_
Total
.._
Exports of wheat and flour
EaslUh market Reports— Per
Cable.
Thedailyclosingquotationsinthe markets of London and Liverweek have been reported by cable, as shown in
pool for the past
summary
London Money and Stock Market— The
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
of
Oct. 2:
EXPORTS FROM NEW YORK FOR THE WEEK.
1874.
$5,278,759212,713,745
Portheweek
Previously reported....
Since Jan.
£217.992,501
1
1875.
$4,100,294
181,909,202
1873.
$5,530,475
192,029,194
1877.
$6,775,621
202,785,532
$136,009,496
$197,579,669
$209,561,156
The following will show the exports of specie from the port of
New York for the week ending Sept. 29, 1877, and also a comparison of the total Bince Jan. 1 with the corresponding totals
for several previous years
Havre
Span, doubloons..
Sept. 25— Str. Canada
$52,000
London
Sept. 27— Str. Frisia
Amer. silver bars.
50,000
Southampton.. ..Amer. silver bars.
Sept. 29— Str. Neckar
50,000
:
Sept.
29— Str. Britannic
Sept.
29— Str. Crescent
City
Total for the week
Previously reported
Total since Jan.
Same time
1,
Paris
Liverpool
Span, gold coin...
Panama
U.
Amer. silver coin.
Mex. silver coin..
" account.. 95 11-16 95 13-16 95 15-16 95 11-16 95 7- 16
0.8.6s (5-20s) 1867.... 107.54
107^
107)f
107%
107K
O. 8.10-408
107%
107%
107%
107*4
107K
5s of 1881
107%
10734
107%
107>4
107
New4%s
103%
105%
107%
104%
101%
Liverpool Ootton Marktt.— See special report of cotton
Liverpool Breadstufs Market.
Sat.
Mon. Tues.
Wed.
Thur.
b. d.
8. d
s.
d.
b. d.
_,
a. d.
$187,453
1877
.
lu
Same time
1
$40,392,129
63,444.417
43,356.687
I
1870
|
1869
I
1868..
Flour (extra State)
Wheat (R. W.
"
"Sbbl 26
spring). tfctl 10
(Red winter)
"
(Av. Cal. white)..
"
11
12
"
(C.White club)... " 12
Corn (n.W. mix.) ^ quarter 27
Peas (Canadian)
V
6
3
7
5
9
8
auarter 41
26
10
11
12
12
27
41
Liverpool Provisions Market.
.,
8.
.
Beef (prime mess)
.
.fl tc. 92
Pork (W't. mess).... tfbbl 49
Bacon (l'gcl. in.)newtf cwt ....
Lard (American).... "
47
Cheese ( Am. Onel.... "
61
Liverpool Produce
d.
6
26
10
6
9
6
12
23
8
8.
92
49
6
6
11
3
12
12
4
8
d.
6
Tnes.
s.
92
d.
6
49
40
46
6
6
6
61
26
10
S
11
12
12
3
56,202,229
The imports
$50,032,246
26,923,056
66,386,537
42,449.212
53 915.583
1
of specie at this port during the
been as follows
Sept. 24— Str. City
Wed.
of
Mexico
Vera Cruz
27— Str. Columbus
Havana
Sept.
27— Str. Acapulco
Aspinwall
U. S. silver
Foreign silver.
U. S. gold....
Foreign gold.
Am. gold
f
10
(
Thur.
d.
s.
d.
92
49
40
46
61
6
92
49
*0
46
61
6
o
d.
s.
92
49
40
46
6
6
Total Bince Jan.
1,
$1S5,255
1577
Bat.
«.
(nne)
p„.„.
,--V
fetroleum(rellned)
_„"
a
w
f
cwt..
"
gal
5
d.
8
wo12%
-.
.
transactions for the
week
at the
Treasury have been as follows:
Custom
House
Receipts.
Mon.
a. d.
5 3
10
Tues.
n.
5
d.
3
10
12V
Gold.
$613,900 03
484,939 07
319,819 01
1,159.096 37
426,535 43
103,684 53
468.000
338.000
229,000
414,000
349,000
-*
Payments.Gold.
Currency.
,
,
Currency.
$701,195 91 $1,194,699
.2
31
.1
68
820,041
352,684
814,820
390,982
.6
17
57
1,176
256,246
2,448,325
830.211
277,112
i
70
61
19
20
75
$539,165 49
772 042 64
880,531 01
504,093 41
430 792 79
1,229,275 72
$2,100,000 $3,7?4 004 54 $3 541,436 30 $4,577,881 95 $3,366,906 06
Total
103,430,420 59 48,697.317 2!)
Balance, Sept. 28
102,636,583 18 43.3;;1,817 53
Balance. Oct. 5
Co., " Wall St., quote:
Texas Securities. Messrs. Forster, Ludlow
11!
Austin 10s
100
102
G. H. & S. 6s, s. 83
State 7s,gld §110
118
Dallas 10s ... 90
H.&T.C.7s,g.lst 88
7s,g.S0yrs §111
60
25
da 8s con. 2d
104% Houston 6'a.. li
10s, pens.. 8103%
G.H.&H.7s,g.lst 75
S. Ant'iopos.. 95
100
6s of 1892
&
i
I
[
Wed.
Tnur.
8. d.
».
5
10
13
"
7v
(
r
J, 'L „ . P ™5City)..»cwt.41
Moverseed(Am. red)
'•
41
41
Spirits turpentine
25 '6
25
ii"i
Custom House and Sub-
Sub-Tr,:.8iiry.
,
Receipts.
J302.000
6,002,744
2,614,984
I
7§
(spirits)
"
$8,256,415
8,859,754
11.565,429
|
—
6
Market.—
.
,
(common)...
$11,695,686
.
Same time in—
I
$4,958,667 1871
9,514,809|1870...
4,867,565 11869
6,424,429 1868
4,974,009 1 1867.....
\
—
.-.
Hosln
775
1,935
2,200
.
11,510,431
Same time in—
6
Frl.
1,065
34,000
6,000
1,645
Total for the week
Previously reported
Sept. 29
28
40
$73,135
64,500
Silver bars ..
U. S. silver...
U.S. gold..
Gold dust
8
s.
6
26
same periods have
:
Sept.
4
28
41
41
40
47
61
26
10
—
Mon.
Sat.
_
6
3
7
5
..$23,662,319
In
42,877.859|1S67
60,076.209 11866
The
Fri.
s.
d
gold coin..
32,000
10,000
10,453
3,000
23,374,866
1876
1675
1874
1873
1872
1871
1876
1875
1874
1873
1872
107)4
%
105
105,14
95 9-16
107X
8.
:.
the following
directors of tho Bank
of England, at their meeting on Thursday, fixed the minimum
rate of discount at 4 per cent. The bullion in the Bank
has
decreased £808,000 during the week.
sat.
Mon.
Tnes.
Wed.
Thur.
Fn.
Consols for money.. 95 11-16 95 13-16 95 15-16 95 11-16 95 7-16
95 5-16
$5,499,261
In our report of the dry goods trade will be found the imports
increasing, but they
considerably below those of last year.
still
1
1877.
$1,432,008
8,766,177
3
d.
3
10
13
7%
Frl.
s.
5
26
6
d.
3
10
13
13
7%
41
6
5
0*
41
I*
41
25
S
«"o
§
With
I
interest.
— In consequence of ihe death of Mr. Augustus
well-known banking firm of Aug.
J.
Brown, of the
Brown & Son, the
firm is
dissolved. The business will be continued from Oct. 1 by Walston H. Brown and Fred. A. Brown, under the firm name of
Walston H. Brown & Bro., in the same general line of dealing in
first-clas* railroad securities, and general banging.
J.
OCTOBKK
THE CHRONICLE
«, 1877.]
From the Comptroller of the Currency, Hon. John Jay Knox,
we have the following statement of the currency movements and
Bankers' &a}tttt.
&t)t
327
Treasury balances for three months past
No
National Banks organized during the past week.
U.S. Bonds held at security from Nal'l
Bonds for circulation deposited
Bonds for circulation withdrawn....
DIVIDENDS.
The following dividends bare
recently been announced
Books Closed.
Wiiik
Per
Name or
:
Cent. P'aule. (Days
Cohi-ant.
Inclusive.)
Total held for circulation
Bonds held as security for dcpo-lta
Vermont
&
Pacific pref
Massachusetts
A:
Sept. 25 to Oct. 4
a Sept. 25 to Oct. 4
Oct.
Oct.
Oct.
Oct.
prif., guar.
8loux City
1
1
Gallatin National
Oct.
10 Sept. 29 to Oct. 8
Oct.
10 Oct.
Insurance.
North River
FRIDAY. O'roniill
5,
Total
now on
$2,504,700
837,684830
18,867,000
18,655,000
888,002,480
15,208,000
4 to Oct. 9
1877-5 P.
SO,
Circulation retired
Total circulation outstanding— Currency.
'I.
Situation. The event
of the week exciting more comment than any other was the
discovery of the Oilman frauds. It seemed as it a new departure
must be taken by banks in their measures of self-protection
when it was found out that William C. Oilman had committed
forgery so high was his standing in the business and social
world, and so confidently had his numerous friends thought that
fraud or dishonor were entirely foreign to the nature of this
particular man. Certainly no event since the Ketchum forgeries
hag excited so much astonishment among the habitues of Wall
street.
The frauds, as now well known, were committed by
raising the amounts on small certificates of Atlantic Mutual
Insurance scrip and a few shares of bank stock. The losers, who
had loaned money on the raised certificates, were fortunately
parties who are financially able to bear the losses without being
crippled, and the latest reports give the total amount of the
forged paper and the net losses above the true vaiue of the
—
:
TOTAL AMOUNT OP PBAUDULENT CERTIFICATES.
Commercial Mutual Insurance Company
American Exchange Bank
D. Drake Smith
H. Talmadgc & Co ...
$76,000
85,320
85,050
20,0
30,000
11,000
Outstanding certificates
Bank shares altered
1,481,220
1,189,910
578,000
14,445,028
14,43C,r,52
f>7n,l 12
14,244,820
1.118,066
42.9 5,788
359,094,220
24,023,8.-.6
*5,08B\OM
857,976,164
ata,»M,$n
837,640
1, 123,854
315,236,888
1,449,120
1,3'.7,570
1,444,141
315,2611,028
1,346,540
595,599
315,891,949
1,432,120
5,670,000
6,714,000
690,(00
48,000
4.917,000
Bank CirculalUm.—
New circulation issued
..
Gold
Notes received for redemption from—
—
The money ITIarket and Financial
New York
Philadelphia
Cincinnati
1,423,770
4,622,000
$88,000
90,000
815,000
4,541,0CO
8,888,000
7,067,000
605,000
101,000
888,0
3,452,000
$17,903,00.)
$19,000,000
$15,441,000
Boston
:
Chicago
Miscellaneous
8^88.000
16!, 000
Total...
Treasury Movements.—
Balance in Treasury— Coin
Currency
97,803,995
19,811,956
Currency held for redemption of fractional currency
Coin
2,188,1)00
deposit, Including liquidating
banks
National
August. September.
$8,682,980
6,75«,900
Retired under act of January 14, 1875
Total retired under that act to date
Total amount of greenbacks outstanding.
1
Il.iiil,-.
certificates as follows
July.
$10,731,400
11.681,400
837,761.600
1874
Michigan
do
—
.
Legal Tender Notes.—
Deposited In Treasury under act of June
Ball roads.
*
Dayton
B'ks.
certificates
108,90l,?36
119,184048
11,^,537
11,20-;, ti7
8,160,858
37,807,300
outstanding
—
8,tt5,4M
8,265,412
33,525,400
United States Bonds. There is but a moderate business
doing in government bonds, for the reasons we have recently
referred to in our reports, although the past day or two sales at
the Hoard have been larger. Currency 6s and ten- forties are a
trifle better than a week ago, while some of the other bonds are
a little off from the figures then quoted.
To-day $10,900,000 of
five-twenties called in against the 4 per cents fell due, and other
calls mature as follows
October 5, $10,000,000
October 16,
October 19, $10,000,000
October 27, $10,000,000;
$10,000,000
:
;
;
;
total October, $40,000,000.
November
3, $10,003,000.
Closing prices here have been as follows
:
Total
$247,370
NET LOSSES KNOWS.
American Exchange Bank
Commercial Mutual Insurance Company.
Talmadge & Co
D. Drake Smith
A personal
$67,400
59,800
14,000
21,000
28,000
friend
Total
$190,200
Oct.
Sept.
68,1881
68,1831
Called bonds
Int. period.
29.
reg.. Jan.
July. 109(4
coup. .Jan.* July. 110)4
6s, 5-208, 1865, n. i...reg. .Jan.
6s, 5-206, 1865, n. i.xoup. .Jan.
6s, 5-208, 1867
reg.. Jan.
6s,5-20s,1867
coup. ..Ian.
5s,5-20s,1868
reg.. Jan.
Oct.
2.
1.
&
109V *109
110V *H0
& July. 105%
& July. 105V
& July. *107
& July. 107V
& July. »109V
105%
105V
107
!
107V
Oct.
Oct.
3.
4.
5.
105V "105V
105V *105V
107
'109
Oct.
108V
*109V 109
110V *109V *109V
107
V
107V '107V
»109
'109
105V *105X
105V 105V
107V 107
107V 107
109
109
not desirable in connection with these astounding frauds, 8s,5-20s,1868
coup. .Jan. <fc July.»109V »I09V *103V 109V 109 V *109V
reg..Mar. &Sept. K6V 107
and with the great crop of forgeries, counterfeits and robberies 5s, 10-408
106V '106V 106V *106V
58,10-408
coup.. Mar. & Sept.* 10714 * 107if 107V 107V 107V M07*
in one form and another which have been foisted upon the con- 5s, funded. 1881
reg..Quar.— Feb. 1C7V *1P«V 107 *107
106V »106V
fiding public during the present year, to conclude that all men 5a. funded, 1881... coup. .Quar.— Feb. 107V 107
107" 106V
'107
107
105
105
reg..Quar.— Mar. 105V *105
are dishonest. Success in business transactions 11111st depend to 4*8, 1891
104V 104V
coup. .Quar. —Mar. 105V * 105
105 .104V 104.V
4Hs. 1891
105
a great extent on mutual confidence, and the outcry that all men 4s,
registered, 1907
Quar.—Jan. 101V 101V 101V 101V 101V 101V
are knaves is neither true nor desirable; but, while still having 4s, small coupon
Quar.—Jan. x!01V 1"1V *101V *'0'H
101V
reg.. Jan. & July. 140V 120V 12054 *120V 180V *120
faith in the good of human nature, it is well to suggest to bank 68, Currency
"This is the price bid; no sale was made at the Board.
officers that they use also what may be called mechanical means
The range in prices since Jan. 1, 1877, and the amount of each
of grace to prevent crime, and while trusting in their customers
they also insist upon the use of stamping or figure-cutting class of bonds outstanding Oct. 1, 1877, were as follows:
machines, safety paper, etc. Oliver Cromwell's admonition was
-Amount Oct. 1.
.—Range since Jan. 1, 1877
a good one " Trust in Providence and keep your powder dry."
Registered.
Lowest.
Highest.
Coupon.
Money on call has not been essentially closer this week, and 8s, 1881
reg. 108V Oct.
5 114V Jan
$193,996,500
'88,789,860
coup.
May
6a,
1881
110
Oct.
1
V
115V
the business has ranged between 4@7 per cent, with the bulk of
60,929,950 106,597,600
6e, 5-208, 1865, new.. coup. 105V Sept. 17 111V May
transactions at 5@6 per cent. Prime paper is in fair demand at 6s, 5-208, 1867
coup. 107
Sept. 17 114!4May
93,449,000 212,189.900
6<g8 per cent.
coup. 1(WV Sept. 23 117V4 Jan.
15,729,500
66, 5-SOs, 1868
21,788,300
5s, 18-408
reg. 106V Oct.
4 114V Jan.
112,386,650
1'lie Bank of England on Thursday made an advance of 1 per
10-408
conp. 107V Oct.
8 114V Feb.
52,179,666
cent in the minimum discount rate, which now stands at 4 per 5s,
219,418.650 289,021,700
5b, funded, 1S81
coup. 106V Oct.
5 112V -Ian
cent
the bank lost in the week £808,000 in specie. The Bank 4"4s, 1891
reg. 104V Oct.
5 !09V July
113,070,750
S 109
May
86,989,250
conp. 101V Oct.
of France lost 19,500,000 francs in specie.
4Hs. 1891
1P07
Oct.
6 106
July 24
9,111,500;
685,500
reg. 10!
The last statement of the New York City Clearing-House 4a,
July 18
64,643.512!
6s, Cuircncy
4 126
reg. 120W Oct.
banks, issued September 29, showed a decrease of $1,613,075 in
the excess above their 25 per cent legal reserve, the whole of such
State and Railroad Bonds. In State bonds Louisiana
excess being $8,435,000, against $10,048,075 the previous week.
consols are quoted at 81 to-day in New Orleans and selling here
The following table shows the changes from the previous about 81i to 81J, with a good tone Alabama consols, class A,
week and a comparison with the two preceding years
40| South Carolina consols remain demoralized by the action
of the Investigating Committee, and are quoted 60 to 65. with
1877.
1876.
1875.
Sept. 48.
Sept.
lept. S9.
Differences.
Sept. SO.
Oct. 2.
nothing doing. Virginia consols have fluctuated considerably,
Loans anddls.
76.400 $211,817,800 Dec. $2, 123,600 $2f,i\428.9t>0 $278,841,300
and alter selling down to 57£ in the week, recovered to-day to
Specie
It is
—
—
I
-
;
—
;
;
:
.
,
1
Circulation
Net deposits.
Legal tenders.
.
The
.
19.2r4.700
15,596 100
108,721,100
42,451.400
16,652,300 Dec. 2,621,400
15,724,490 Inc..
128,300
200.771,400 Dec. 5,«5:,9U0
41,975,500 Dec.
47S.90O
16,463.200
14,647.200
227,584.500
56,755,200
6,448.»0O
17.925,810
234,40i,li:0
66,490,600
quarterly statements of the State banks of the city of
of September, 1877, were as follows:
Tork on the 22d day
New
LIABILITIES.
„„,.
fc?
Net
Circulation
Due banks
Die depositors
'
Unpaid dividends
Total......
2), 77. Sept. 42. '77.
$14,783,400 $13,685,200
4.99J.500
4,1.90.700
3',100
25,400
4 384 2
8,(06.900
84,>-27',800
31,160,000
86,109
128,700
Inc. or Dec.
Dec. $1,1 00,0
Doc.
303,800
4,700
Dec.
778,305
Dec.
Dec. 3,667,800
Inc
44,300
$59,113,200
$53,495,900
Dec. $5,817,303
|35,8».SCO
Dec.$2,33S,«0O
~
Dec.
72,600
RESOURCES.
Loans and discounts
Other stocks and bonds and mortgages
Due from hanks
$33,168,203
4,717,400
8.005,300
Real estate
Cash items and banknotes
1,614,100
Specie....
1,714100
Legal tenders
Overdrafts
To <*'
BABOO
9,c24.'.KX>
12,603
60».
Railroad bonds continue quite firm on a fair business, and, in
most cases of any change at all in prices, there has been an advance. The general railroad situation tends to strengthen bonds
as well as stocks.
Messrs. A. II. Muller & Son sold the following at auction
:
Jnnc
,
„A:
profits
i;i >'....
4,644
'100
tvnMoo Dec.
214.500
Dec.
16,000
Dec.
45,500
i,OM,80d Inc
08,700
8,887,100 Dec. 8,437,800
9,500 Dec.
8,100
1,588,100
11.100
$59,118,800 $53,295,900
.
Dec.
$.
SHARES.
SO Christopher & Tenth
45 Rutland Marble Co
15
SHARES.
St.
German-American Bank
RR.
30
7 Pacific Fire Ins
61
60
40 Amity Fire Ins
80 Lamar Firo Ins
10 Park Fire Ins
%W%
Tl
1C8
10 Eastern Transportation Co. .. 85
128V
BONDS.
198
8N. Y. Equitable Ins
....215(4 $1,000 Twenty-third St. RR, 1st
20 Eagle Fire Ins
mort. 7s, due 1893
108
10 Kmpire City Fire Ins
1'3V
114
8,000 City and County of San
60 Firemen's Ins. Co
Francisco
7s,
gold, due
1C1
20 Knickerbocker Fire Ins
1894
30 North River Ins. ex-div
111V
117V
1,000 Central RR. Extension Co.
113
48 Niagara Fire Ins
of Long Island 1st mort. 7s,
40
10 N. Y. & Bost. Fire Ins
due 1903
IS
147U.8. Fire Ins
150V
2,000 Second At. RR. 7s, consol.
20 Etna Fire Ine
87
conv. 111 its. bonds, due
19 Metropolitan Gaslight Com1889
100
pany
'.29XO130
A considerable sale of first mortgage bonds Union A TltusviUe Railroad
(now Pittsburgh Titusvllle & Buffalo) was made at 50V®50«.
THE CHRONICLE.
328
Closing prices of leading State and Railroad Bonds for three
1, 1877, have been as follows.
weeks past, and the range eince Jan.
Oct.
Tennessee
Oct.
21.
5.
old
6s,
*42X •42
•16*4
•75
•17'/,
•75
consol
6s,
•42
43*4
do
6e, new
North Carolina 6s, old
Virginia
Sioce
Lowest,
•42*4 42* Feb.
Feb.
42)4 42
•17
July
18
Sept.
States.
do
do 2d series...
Missouri 6s, long bonds
District of Columbia, 3-65s 1924
,
•41
•41
106*4
m'n
•73*
•73)4
38
104
71
7iX
1,
1877
.
Highest.
Jan. 11
28 45
88 44>4 June 7
10 22*4 Jan. 6
April 2 82)4 Apr. 2
Jan. 16 45 Apr. 11
Jan. 23 109*4 June 5
Jan. 2, 80 June 21
82V
*:z
Jan.
i
Railroads.
Central of N. J. 1st consol.
Central Pacific 1st. 6s, gold
Chic. Burl. & Qulncy consol. 7e
Chic A Northwest *n, cp., gold
Chic. M. & St. P. cods, s fd, 7s
Chic. R. I. &Pac. 1st, 7s
Erie 1st, 7s, extended
Lake Sb. A Mich. So.2d cons.cp
105*
. .
105*
•109'/,
92
•80X
«2 %\
c9X
»*«:
Feb.
•w"
July
May
Feb.
Mcb
ink
at the Board.
—
Railroad and .Tllncallaneoas Stocks. The stock market
has been, upon the whole, decidedly strong, ending witli a sharp
upward movement in prices of 1@2 per cent just at the close today, New York Central touching 1074, Michigan Ceutral 62J,
Lake Shore 69f, Northwest preferred 66$ 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 movement 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 September, 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 late to-day, at
which it was supposed that au advance in freight rates would be
made.
The daily highest and lowest prices have been as follows:
Monday,
Saturday.
Beut. 29.
it. A Pac. Tel.
Central of N.J
Cblc.Burl.&Q
4 St. P.
do
pref.
Chic* North.
do
C.
It. 1. ft
pref.
Pac.
111.
(Mi
43
4'V
46H
U
...
Michigan 'lent
Morris &Kasex
N.Y.Cen.ftH.H
Ohio
ft Miss...
Pacific Mall...
UK
.
This
Is
4i
12
12
!-.
7l>4
tfi
52 X
....
,
3834
17V
x
40X
70X
71
71.X
mix
45
47)4
ioi
101k 101V
4IX 45
29
30X
30*4
74
67
7J
64*4
53)4
«"'K
71
73
64X
5<X tUX
72* 76
102*4
10iX
7X
»X
22X
i%
Hi
66X 67
7»V «,'X
96V » X
52X 53
59X
'113
>X
22X
MI4X
....
I5X 16V
66Jt
8X
22*4
52X 52X
'
13X
29
75
105
«
6-.K
11V
I3X
•23X
H5V
24X
117
17x :8X
'6X 6IV
60
81
9^V 98
53X 53X
SSX
...
4S
48
47 V 47V '47*4
47 V 41V
43
48
81
31
'33X B4
64
S4
•83X .... '88X SIX
the price bid and asked : no sale was made at the Board.
..
. .
do
A
do
do
pref...
Northwestern
do
pref.
.
Chicago Rock Island A Pacific.
Delaware A Hudnon Canal
Delaware Lack. A Western
Erie
Hannibal
A
St.
Joseph
do
67X 69X
• IX «2X
74X 7 X
105
107
8X
118
nv
93
54X
49
64
98
55
49
84X
11
?3>i,185
A M ississippi
Pacific Mail
Panama
Wabash Receipts
Union Pacific
Western Union Telegraph.
....
American Express
Total sales of the
,.
Mch.
37)4 Jbd.
Jau
Oct
28 72J4
13 41
23 06 Ji
28 104)4
Oct.
~
61*4 125
64*4 120)4
7)4! 23)<
77
Jan.
13)4 Sent.
15X July
171
33Ji July
Apr.
85*4
55,105
2*4
9.310 12Ji
201 SO
82,4ft
*4
2,750 59)4
97,872 56
201 91
223 43*4
252 36
81
July
Apr.
Apr.
June
Jan.
Apr.
Apr.
July
Apr.
July
19] 144
21 75
23, 69J4
21
13|
62)4
92*4
23;i(.7!4
7|
3
9)4
26)4
3 130
80 1S%
151 73
4 84*4
23 115
3' 60J4
27! 59>4
25; 90
in leading stocks
84x
74X Jan.
171
11.232
46)4
98*44llx
7
51V June
18*4
49)4
Oct.
17
35)4 Apr.
121)4
81»
900;
59,712
25,821
14)4 22
20)4 10»)(
112X
Oct.
Oct.
3.460
434
week
25
3
19 I18J4
12 4(1)4
25)4 June 13
30)4 June 11
4)4 Apr. 2
i
Morris A E-sex
N. Y. Central A Hudson River..
United States Express
Wells, Fargo A Co..
Mch.
May
Oct.
Oct.
Oct.
Jan.
Oct.
Oct.
Aug.
Mch.
45*4
67)4
55)4
10)4; 22X
18)4; 33)4
180x! 145
60)4 103*.
4854! 68)4
84*4 65)4
84
106
96
117)4
5
24)4
18)4 39X
140
122
Oct.
Mch.
Sept.
Jan.
Feb.
Jan.
June
"
"
5
The
57*4 74)4
68)4 80)4
100
114
67
65
49X 76)4
79
91
were as follows
:
68,4»
NY.
7.2
A W.
A
Hud.
3,061
7.460
6.02)
10,170
7,660
•7,800
41,230
71.150
06,690
62,955
(1
6,000
8,650
17,450
9,800
Del.
Cent.
3,525
3,880
8.610
5,756
8,515
9,8-il
46,176 229,820 97.872 72,635 59,712 336.18-) 44,232 34,033
151.031 494,665 337,874 153.992 187.382 262.000 89 1.2S3 200,000
Total
Whole stock
number
total
the last lino,
n the
f
of shares of stock outstanding
purpose of comparison.
given
is
io
fhe latest railroad earnings, and the totals from Jan. 1 to latest
The statement includes the gross earndates, are given below.
ings of ail railroads from which returns can be obtained. The
columns under the heading " Jan. 1 to latest date" furnish the
gross earnings from Jan.
1, to,
and including, the report mentioned
column.
In the second
-Latest earnings reported.
Jan.
1
to latest date
1876.
1877.
Month of Sept..
Atch. Top. * S. Fe
Bur. C. Rap. A North Mt.nthof Sept..
2d wee« of Sept.
Cairo & St. Louis
Canada Southern .. 1st week of Aug.
Month of Aug...
Central Pacific
3d week of Sept..
Chicago 21s Alton
Chic. Mil. &St. Paul.. Monthof Sept.. 1,180,000
Clev. Mt V. AU..AC.. 3d week of Sept
Den v. A Rio Grande. 3d week of Sept.
.W'k end. Sep. 22.
Grand Trunk
$1,763,113 $1,753,385
8»,609
8 il.2
165,558
182,664
978,836
11,264,32!
3,5*8,007
5,861,393
263,619
1,091,2118
10,615,572
3,179,8^3
6,372.460
269.91s
519,108
.
'4
3
2,667,139
6,785,413
2,865.952
3,058,095
3,550,335
878,70
1,088,192
809,883
•:l
W'kend.Sep 21.
Ilimiitbal A St. Jo..
8d week of Sept..
Honst'n A Tex. Cent. Month of Aug...
Illinois Cen. (III. line). Monthof Aug...
Great Western
.
do (Leased lines) ..Month of July...
3d week of Sept.
Indianap. 1)1.
Int. A Gt. Northern.. .3*1 week of Sept.
3d week of Sept.
Kansas Pacific
L'tuisv. Cin. A Lex... Month of July..
Louisv. A Nash., Ac. Montn of Aug...
Month of Aug...
Missouri Pacific
Mo. Kansas A Texas. .3d week of Sept.
Mouth of Aug
Mobile A Ohio
New Jersey Midland.. Month of Aug...
Nashv. Chatt. & St. I,. Mouth of Ang...
...
Pad. A Elizabethan... Mouth of
2d week of Stpt.
Fad. & Memphis
Month of Aug...
Brie
Phiia.
St. Jos. A Western... .Month of Aug..
St.L.A.&T.u.(brchs) 3d week of Sept.
St.L. I. Mt. & South. Monthof Sept...
St. L. K.C.ANorth'n. .Month of Sept..
St. L. A S. Francisco .Mo. th of Ang...
St.L.2JS.E'n(StL.div.; 2d week of Sept.
(Ken.div.).. .2d week of Sept.
"
(Tenn.div.) .2(1 week of Sept.
.Month of \ug...
St. Paul* S. City
8ioux City&St.Paul. .Month of Aug...
Tol.Peoria<Ss Warsaw. 3d week of Sept..
3d week of Sept.
Wabash
Month of July...
Union Pacific
W
*
.
941,764
2,177,481
582.010
8,409,578
2,425388
2,223,946
I,0»8,4
.
r,
439,754
3,K5,s(lS
2,310,917
2.155.060
1,065,584
412,975
1,135,1-34
Au
141,781
1,089,841
243,401
A
333,856
2,608,047
2,263,620
814,884
414,736
529,4x8
:
381.864
218,991
1,038,437
3.067,896
6,624,714
.
t'be fioid Market. flold has continued weak and without
any immediate prospect of an advance in price. To-day, the
price opened and closed at 102}, with sales in the meantime at
The carrying rates were i, 1, 3 and 2 per cent, and loans
102}.
were also made flat.
The following table will show the course of gold and gold
clearings and balances each day of the past week:
Total
Op'n Low. High Clos. Clearings.
Sept. 29
Oct.
Monday,
a....
"
2....
Tuesday,
Wednesday, **
3 ...
4
Thursday, "
**
5....
Friday,
Saturday,
—
•Jan.
1
103
103
108*4 101
103*4
103*4
108
103
103
103
103
102), 108
102)4 102X 102)4
my.
m%
Gold.
Currency.
$1,795/00 81,945,989
$21,651.00'!
108(4
103
IPS
103
108*4
102
a
to date
The following
794,640
769,000
17,898,000
11.691,000
18,884,00
18,048,000
81,047,030
•.0254 103*4 102%f $102,973,000
103
108
103
84,001,001:
10814 103
107)4 !'«* 107)4 IO**
1.0I5.S 9
l,228,f
1
:iSl).7MI
1
,815,948
1,
1,857,(13
1,S'J6£M
t
$
818,611
for foreign
are the quotations in gold
;
l!46,6«
and
American coin:
Sovereigns
1,
year 1876.
Jute Hi
3
4
isx
07x e;x
sov biv
Low. 'High
i
2
"
120
Highest
Apr.
40)f Apr.
15
Apr.
37)4 Apr.
82X Apr.
72,635
31,160
46,176
56,985
14,558
31,033
X
9X
2IX 24X
1877, to date.-
710 135
Lake Shore
Michigan Central
Adams Express
1,
Apr.
Apr.
Feb.
8,522 40*4 Apr.
259,820 45
Apr.
pref
Illinois Central
Ohio
6
94
:ii,o;.r,
do
Harlem
Jan.
1
"
I3X
75
Whole
Lowest.
15*4 Feb.
607
2,275
1,318
.
Chicago
—
.
Shares
A
Atlantic
Pacific Telegraph
Central of New Jersey
Chicago Burl & Quincy
Chicago Mil. & St. Paul.
8,012
Mick. Del.L.
St.
li
Total sales this week, and the range in prices since Jan.
1876. were as follows:
Sales
of w'k.
Cent.
3,000
14,300
10,200
17,895
19,040
8,200
3.
....
71
»X
SIT
23
97
...
12X
2s
103X
...
97
MK
18
67X
60X 62X
7IX 7«X
66X 67X
7ax * X
'
,
41X 44X
50X 52
6.
15
!«V
6654
Wi K
MM Mu
102X 104X
142X 142X •142
102X 103X
10254
7K 8X
22X 22X
18«
102X
4'iX
71V
Panl.
8.400
23,910
16,012
15,050
19,500
15,000
22,500
26.300
31,20)
49,000
34,400
—
20
V
I02M
IX
X
71X 71V
20
101
S»x 40X
71
7IX
40X 40 X
43V
49X
....
'
7ix ;iv
63V 64X
58* !»>i
70 A 73
Friday,
Oct. 5.
39X 40V
70V 71X
3'X '1
66
6oX
103
mm mt
uS em
K*i 1'X
13
12X
1I2X 141
IS
18*4
10 XH'IX
nk mt
65*j Mm
3»X
»0X
«
x
4
21
20
20J,
17
io!
39X
O.t.
3
t.
'*>%
20)4
39J4
28
7
J*
O
2.
16k »>>»
ioi;<iotx
xiii:
~i
'
62* 63V
«* 59X
7IX 7214
lOUXIO:* 101V
United States.
Welln. Fargo
•
45X
Hi* "HI*
ttS 22.S
Panama
•HI
113
Wab. P.C. IVts i2x i2x
Union Pacific. 67X SIX
West. Un. Tel. 78*4 79*4
Adams Exp... 96* «X
American Kx
VU', \0l%
39» I1-.
28* 28*
142)4
71
101)4
36)4
n£
mi
102)4
WH
Oct.
»%
87V
72X 72 X X70
K*j N
8)
64 V
61K 61V
"
86 *
»H
Jos
Central...
1M*
101
VU
pref.
Luke Shore
%
:>•<
Krle
St.
15H
In
35*
11*
Del.ft 11. Canal
Del. L. ft West
Han. ft
do
Harlem
MX
15X
15)4
Wednes'y, Thursday,
Tuesday,
1.
20j<
101
C. Mil.
Oct.
20* X)H
Shore. Union.
5,230
6,300
9,160
7,000
10,988
5,503
24
Sept. 20
June 23
«96X 92* Mcb. 22 103V July 12
1042 1113 Jan. 9 108 % June 18
•94X 92*4 Mch. 31 98)4 Feb. 6
•95*4
104
•'MY.
Lake West'n
west.
May
5
81!» June 28
Jan. 9
117
•93*4
a
14
96"» Jan. 2
92)4 Oct. 4
June 29
28 112
June 29
15
May 10
17
2
Aug. 28
19
June 7
1
1C5
no salt was made
June
»x April
Jan. 26
Jan.
9?"
A
the price bid;
is
5 85 Jan. 5
4 HOJf June 11
'105*4 '05*4 Oct.
'110
106
Mcb. 16 111*4
106*4 •106)4 '106)4
•96'
Pltleb. Ft. Wayne
Chic. 1st •117*4
*95*
St. Louis
Iron Mt.. 1st mort
Union Pacific 1st, 6s, gold
104)4
sinking fnnd....
94
do
A
Mch.
50
%
91
105
Michigan Central, consol. 7s. .
•116
Morris & Essex, 1st mort
N. Y. Cen. & Hud. 1st, coup... •my.
Ohio & Miss., cons. sink, fund •91
* This
•67
•66
69
.
NorthSept.29
XXV.
[Vol.
$4 84
Napoleons
X X Keichmarks....
3 84
4 74
3 90
X Guilders
Spanish Doubloons. 15 60
Mexican Doubloons
15 50
Fine silver bars..
Fine gold bars
.
a $4 83
@ 3 88
@t 4 80
@ 4 10
& 15 90
@ 15 60
119)4S
120
Dimes* half dimes.
Large silver, )4s*)4s
Five francs
Mexican
dollars.
.
English silver
Prussian silv. thalers
Tradodollars
- 96)4® —
— 96)4® —
—93 © —
— 93
4 75
— 65
— 96
»T!<
97tt
95
@ — 94*4
® 4 85
© — 70
© — 97)#
panfi*4prem.
.
—
Exchange. Foreign exchange has gone still lower, and
with the prospect of commercial exchange soon to come on the
market, the demand is not enough to ket-p up prices. Bankers'
sixty-day sterling bills sold at 4.80, and demand about 4.83J(o|
4.84.
In domestic exchange, today, the following were the rates on
Savannah, buying J off, selling i off Cincinnati,
fair demand, buying par, selling 1-10 premium; Charleston, very
scarce, buying $3} discount, selling f@J discount ; New Orleans,
Commercial, 4@5-16 discount, bank par St. Louis, 75 discount,
and Chicago, 80 discount.
Quotations for foreign exchange are as follows:
New York:
;
;
-Oct
Prime bankers' sterling bills on London.
Good bankers' and prime commercial
Good commercial
Documeutary commercial
60 days.
4.80*4@4.81
.
\
:.<•,
gV BOW
4.78 @4 79
4.77)4®4.7S)4
22
©5.20
Paris (francs)
Antwerp (francs)
5.V2)4@5.20
Swiss
5. 22 '4 ©5. 20
5.
(fra'ics)
Amsterdam
(guilders)
Hamburg
(reicbmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
,
•,
3'JJi©
40
98)4©
98)4©
91*4
94)4
94*4
9D4©
WVft
''I'.
5.3 days.
4. 84 J4 ©4. 85
4.88)4 ©4. 81)4
b
:
6,
New York
THE CHRONICLK
1877.J
Hnukx. — The following statement
4'lly
ihovrs the
City for the week
ou Sept. 29, 1877:
329
PHILADELPHIA,
HOHTO.V,
New York
couilition ol ill" Associated Hunks of
ending ni the oominenoement of business
— AVERAUrl
I..
8,698,100
4,918,800
5,808,900
695,4'0
l.OWiCOO 1,086,300
483,0(0
852,000
1,086.500
886,000
401,700
60.700
148.8IX)
581,100
3,180,000
7,830,800
8,415,000
4,817,100
1,981,800
1,580.500
10,578,700
8,165,900
8,201,700
1. 198,000
991,200
8,874,800
1,818,100
Kerohajits'
8,0«),000
7,80\8C()
6,813,500
1,11 ,600
9.812.00"
8,604,000
811,800
—
rlca...
1,(100,000
8,000.000
1,000,000
.
I'h.enlx
CltT.
Tradesmen's
1,(100,000
Pulton
80O.O10
ocal
;,hiimi
National
Batchera'ft Drov.
Mechanics' & Tr.
in
500,000
tioo.ooo
8,381,000
1,8(3.000
H>,2 8.l»n
3,514,000
8,818,800
1,417,000
1.708.8
2 0.000
nwich
Loatber Manuftrs.
>o
8011,000
American Exch'e. S.'NKl.l'OO
amerce
5,000,000
Broadway
1,0(10.000
Mercantile
1,100.000
Id-public
600,000
1
Irving
ropolitau
Citizens'
0,000
l.ii
500,1100
3,000,(100
600,000
1,000.000
lan
501,00(1
OJ
00
2,081,1011
Market
1,0 ii.onil
1,000,000
1.000,000
1,000,000
8.881,100
3.645,000
300 000
400,000
1,318,900
1,644,700
Iniportcrs'&Trad. 1/00,000
15,6I3.."0J
Cuiiiucntul
ital
Marine
Park
2,000,000
Hk^r. Ass'n.
.100,000
(Irocers'
North Itiver
300,000
401,000
330,000
But Hirer
& Mer. H 0,0
Fourth National.. 3,750.e00
Manuf'rs'
Central Nat
1,000,000
id National..
300.000
Ninth National... 1,500,000
500.OX)
oil
Third National...
N. V.N u. Bxch..
800,000
Tenth National... ioo.ooo
National.
250,000
Mew \ork County 900.0
Herman American 1,000.000
Dry Goods
1,000,000
y
Total
800,800
89.000
57.300
187,900
80,800
1,178,000
56,0(0
22,100
500
576,800
1,8
491,200
134.300
847,000
601.400
485,800
2,842,800
1,188,800
2 (9.700
884,400
800,100
468,000
1,848,800
1,1 83,900
1,814,500
1,918.900
95,000
2,2011,300
48(>.(XK)
81,100
2H.3O0
11,100
1,104,700
101,400
276,000
1,512,4 10
888,400 4,181,300 16,012,900
638.100 2,781.500 18,763,400
143.6110
9,400
564,100
214,700
617,600
1,100
140,400
811,700
15,600
561,8 id
180.000
5,700
186,100
507,000
1,700
43 ,900
590,1 00 11,667,100
101,000 1,780,000
7,018,000
ll.-.om
1318,000
106,100 1,002,800
10,719.100
718.600
7 l.l(X)
1
994,800
711,300
448,100
11,544,600
7,711.000
1.856,000
8,071,900
5,131,900
5,060,000
1.215.100
1,288,400
1,105,300
89.1,100
704,400
88.8111
11,700
1,600
1,051,900
2,184,300
6,019,000
5,797,900
1,883,800
1,052,000
175.800
149,200
586,800
870,300
84.1,001)
809,100
300,100
165,3(10
788,800
1,(174,300
The deviations from
Specie
Legal Tenders
Hi'.I.OOO
198,000
2,700
187,(00
36.600
45.000
210,000
8,183.400
900.000
45,1X0
410.6(0
69,500
18,000
135,000
8,900
197,900
501,30)
364 200
4.800
690,100
130.006
1,107,900
60,000
295,400
1,030,166
1,899,000
270,000
720,00
101,700
49,400
870,000
447,500
818,300
180,000
:
I
Inc.
5a, cur., reg
1081.,
5«, now. reg., 1898-1802
(a, 10-I5, reg., l<77-'». 109141104
6s, IB 25, reg., I888-'W 110),
do
do
do
do
MOM
Phlh.dclphlaSs,old,reg
108
108
6s, new, reg....,
do
Allegheny County 51. coup..
V1H
6s, exempt, rg.ftcp.
County 6s, coup
City 6s, coupon
7s, reg. ft coup.
do
Delaware 6s, coupon
Ilnrrlsburg City 6s. coupon ..
do
do
new
Delaware ft Bound Brook....
Mast Pennsylvania
Klmlraft v> llllamsport
do
pref..
do
Mt. ,)oy
liar. P.
Huntingdon
do
ft
a
s
88
M
4'U
ilnehlll
H liontng Valley
128,300
|
Tha following
are the totals for a series of
weeks
past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Aefr. Clear.
25. 1844,888,000 $14,254,00:) $50,789,000 $311,026,300 $16,515,500 $420,915,000
Sent. 1.. 21'. 17-, 70 1 16,010,100 48,130,610 209.450,700 15.383.300 400.79i.028
Sept. 8.. 848,880,800 19,161,600 45,393,900 210,574,100 15,568.400 397,270.885
"
Sept. 15. 313.795,(100
19,913,000 41,015,900 208,588,4 K) 15,577,100 379 235,693
4:1)
848,978,400
Sept. 89.
211.817.8111
18.874,700
16,653,300
Boston Banka,
Loans.
Aug.
87. $12«.!i71,300
128.S) 1,900
119,(198,810
Sept. 3..
SeDt. 10.
Sept. 17.
Sept. 24.
Ocul...
138,619,900
Philadelphia
Loans.
Aug.
87.
Sept. 3..
Sept. 10.
Sept. 17.
Sept. 24.
Oct. I...
1,787,800
2.151,200
8.261,200
2,375,000
8,407,000
18«.7R!,!>00
$60,6,38.9;9
61.110,147
61,057,842
61,393,778
61,151,599
QUOTATIONS
IN
BKCl'RITIXS.
in»vro\.
6,761,501
6,652,100
6,787,100
6,800,300
6,430,300
Specie. L. Tenders.
$1,139,119 $14,659,797
1,138.372
14.811,217
1,841,007 11,589,275
1.142.579
1,316,380
1,376,571
—
lib'
ft
do
do
.
.
..
Neb. 8s, 1883
Eastern, Mass.,ass, new. ...
Hartford ft Krlo 7s, new....
Ogdensburg * Lake Ch.sa. ..
Old Colony & Newport 7s, '77.
A.i.
new
10,519,169
38,856,411
OTHER
BKCURITlKB.
Vermont ft Mass.
7s
Verm't C. 1st m., cons. 7s, "86.
do
8d :n.,7a, 1811
Vermont a Canada, new 8s..
SB
::::
1st in., Ss,'63
I
"f
40
50
46
Bait,
MM
do
common
preferred
Psr.
100
115
60
50
50
6«, 1880. .I.A.I
6s, 1885, A.AO.
.
.
102)4 104
101
MM
6s, 1900. A.AO.
6s, gld, 1900. J.4J.
6s, 1st m.,'90.M.A 8 loot,
6s. 1st in., gr..'90.J.AJ
1st in., 1890, J.
J...
do
do
Cen. Ohio
102
90
101)4
Lenlgh Navigation
Morns
A
do
Susquehanna
J.,
8«
pref...
.
Allegheny Val.,7
3-lOs. 189K...
106«
K. ext.,1910
80
do
Inc. 7s, end., "91.
Belvldcro Dcla. 2d m. 6s. 'Si.
31 m. 6a, 'il..
do
40
98
BO
"s.
io-j
lie.
15
WASHINGTON.
RAILROAD BOND8.
igM
a
..
a
100
Camden A Amboy
6i, *83. ... 108
bs, coup., '89 102
do '
iii.ni. 6s, reg.,'89 111)4
do
Cam. ft .\tl. 1st m. 7s. g.. 19 R)
do
21 m., 7s, cur., 'SO 84
Cam. ft Burlington Co. 6s.'97. Kill
Catawlssa 1st, ,8, conv., '83. .
chat.
10s, '88 ..
do
do
new 7s. 1900
Cayuga L. 1st in. ,(?.. 7s. 1901*..
Connecting 6s. 1«XM904
m„
District nf Columbia.
Perm. Imp. 6s, g., J.AJ., 1891.
do
7s, i89l
Market Stock bonds, 7s, 1892.
Water Stock bonds, 7s, 190...
do
do
7s, 1*08.
WasA'ncrton.
Ten-year bonds, 6i,
Fund, loan (Cong.)
'78
6s, g.. '92.
6s, g., 1*08.
Certlf s.of 8t ok ( 1828 5s, at pi
(1843) 68, at pi.
Ches.A o. st'k ('47) 6s, at pi. .
do
(Leg.)
1
do
Georgetown.
General stock, 8s, 881..
do
6s,
list
at pleaaure
Bounty stock, 6b
do
ioix Market stock. 6s
do
Board of Public Works—
genr Imp. 8s
Certlfs.
Dan. II. & w.iks.. isi,, ,«, •.-;..
Delaware mort., 6s, various.
do
TI-78
Series
Certlfs. sewer, 8s, 14-77.
Del. ft Bound Hr., 1st, 78.1905 88
108
East Penu. 1st mort. 7s, \8S
El.ft W'msport, 1st m., is. '60 102H 103H
Cincinnati «s
1st m., 5s, perp.
do
do
7s
Ilanlsburg 1st mort. 6s, 81.
V80s
do
i'l'd
II. A B. T. 1st 111.78, gild, '90
South.
do
105
'95.
2d m. 7s, gold,
do
do
do
10
do
3d m.cous. 7s, '95 s 37
Hamilton Co., ().,
Ithacaft Athens 1st gld. Is. ,'90 108J4
.
CINCINNATI.
.
,
Junction 1st mort. 67, '82.
do
2d mort. 6s, 19X1
Lehigh Valley, 6s, coup.. 1836. 1081s,
109
68. reg. .189)
do
do
do
•il
A
i
People'a Gas.....
Schuylkill Navigation
do
AN
8l, 3d, J.
J
Bit. 1st. guar., J.
Can on endorsed.
MISCBLLANKOUS.
l»H Baltimore
Oas certlUcates...
is*
112
7s, reg., 1910..
98
con. m.,6s,rg., 1913
.1
.1
t
HR.
7-308.
6s, gold.
6a. long., .t
7s, 1 to 5yrs..t
do
do
7 4 7-S0s,ioog.t
Cln. 4 Cov. Bridge st'k, pref.
Cln. Ham. A D. 1st m. Is, '80
do
Cln.
Cln.
Ham. A
2d m.
Ind., 7a,
A
7s, '85.
guar
Indiana Istm. 7s
do
2d m. 7a, ',7...
1884 20
Colnm.
A Xenla, 1st in. 7s. ".hi
li......
107«
North. Penn. 1st in. 6s, cp.,'85.
Dayton A Mich. 1st m. 7s. 'si
2d m. 7s,cp., '96. 112
do
do
2d in. 7s, 'si,
107),
do gen. m. 7s, ep., 1' on
3d m. 7s. '88
do
do gen. in. 7s, reg., 1908 107
Dayton A Wost. 1st m„ '81 ..f
Oil Creek 1st in. 7s, coup. ,'8;.
1st
m., 1906
do
rltlsb. Tltusv. ft B., 78, cp..'96 ts*
Little Schuylkill. 1st in. 7».'i;
Northern l'ac.73-IOs, cp.,1900-
.
(906 100
l'ennsylvanla, 1st m., cp.,*80. 105!
geu. in. 6fl, cp.. 19.0. lisl'
do
«en. in 6s, i g., 1910. toa
do
cons. in. 6', rg., 1905. 88
do
cous. m. 6s. cp., 1905.
do
Perl.lomen 1st in. 6s. coup. ,'97
Phlla. ft Erie 1st m.»s, cp.,'8( iln'
97
7s. cp.,'98.
2d
do
do
106
m
m
Phlla.
A Heading 6s, 'b0
7s, coup. ,'93
do
deben., cp.,'«)
do
do cons. ra. 7s, cp.,191!
do cons. in. 7a, rg.,1911
do new con. 7s, 1»93 ...
68, 1905
4 I.af. let m. 7s...
do
(1.4C.) Is! in. is,"
Miami 6s, '83
Cln. Ham. 4 Dayton stock.
Columbus 4 Xenla stock..
Dayton 4 Michigan stock..
do
8. p.c. st'k, guar
Little Miami stuck
Ind. Cln.
104
i.oumii.i.i;.
105X
Louisville
do
do
do
do
do
do
iiii/ji,
1(8
57)4
50
1. deb. 7».s2
Phlla.* Head.
.0
7a. '92-93.
do
do
Plllla.Wllm.AlUlt.6S,'84 ..
'71)4
Pitts. Cln. A St. Louta7a,!*00
Shaiiiukin V.A Pottsv. 7a, 1901
Steubcnv. A Ind. 1st, 6s, 1884
Istm.
Little
C*
7
6s. '82 to
W...
tt.Vtto'ti
W
t
water 6s,'87 to
water stock 6a,'97.
wharf 6a
Bpec'l tax 6s of '89.
Jeff. M.Al.lst in. (14M)7k,'Sl
87
99)4
do
do
Louis v
2dm.,7a..
.
1st m.,7s, 1*06. ...t
7s. '97.
Lex. 1 st
m
C 4
.
.
Loula.AFr'k.,Loutsv.ln,6s,'8
LouIbv. 4 Nashville—
t
Leb. Br. 6s. '86
1st m. Leb. Br. Ei.Jb.'sO-SS.t
.
Warren A F. 1st ui.7s, "9*
110
West Chester cons. 7s, '91
«a, '93,..
do
Lou. In.
West Jersey 6a, deb,, coup. ,'81
Consol. Istm. 7s, '98 ..
1st m. 6s, ep., '96. 103
do
Ind....
Mad.
A
Jefferson
1(H)),
7s,
1st in.
H)
do
'?8« Louisville* Nashville...
Western Poun. UK. 6s, 1898... 70
Louisville Water 6a, Co. 1907
811
6s P. B..'!»l
do
7.-.
lolM
Wilm.A Bead. 1st in. 7s.
do
2d
in.,
1900*
ST. LOUIS.
!«»•...
CAHAL BONDS.
Chesap.
Kngland'.!.
Vermont ft Canada
Vermont ft Massachusetts*
Worcester* Nashua
Ohio
ft
do
Union
do
Stony Creek 1st in. 7s,
Sunbury ft Eric 1st m. 7s, '77..
Uulted N.J. eons. in. us. "ji
854
ilia
io»M 10244
N. W. Va. 8d ra..guar.,'S5,J4J
Plttsb.A ConnelIsv.7fl,'»3,J4.I ibix K'l)4
Northern Central 6s. '85, J4J
105
do
I ANAL STOCKS.
Chesapeake ft Delaware
Delaware Division
mi.
ft
9SM
8BM
St.
6s, cp.,'78.
««, reg.,'!M 101
rg.,'97 [04)4
do
KK..
do
deb.,rg., 77
de
uo
do
conv.,rg.
default of Interest.
t
ioix
Louis Ss.loig
water os. gold
1 107
do
do new.t
do
do
;2S
a»pr„
bridge
g.
4s
t
de
renewal, gold, 6s.
do
eewer, g. 4», "Ji-S-J.)
ao
Louis Co. new park,g.6s.t
cur. 7s
t
do
8t. L.4 San F. UK. bda, aer's A
do B
do
do
St.
*B2
conv.,g., rg.,'91
gold, '97. . .
do cons. m. 7s, rg, 1*1!
Morris, boat lean, reg., 1885.
• In
88
l>ela 6s. reg.. '81..
Delaware Division
Lehigh Navigation
II.tinps.hlre
Norwich ft Worcester
Ogdcnsu. ft L. Ctuunplaln ...
do
do
pref.
..
53. Old Colony
Portland Saco ft Portsmouth
38
Bid. Ask.
STOCKS.
ft Albany
ft Lowell
ft Maine
ft Providence
lliirlingtou ft Mo. In Neb....
New York A New
Northern of New
63
CITIES.
Hofton
Boston
Boston
Boston
rt oiiana.
::.':
750,23.-
•J
1900, J.
W. Md.
10
Philadelphia ft Brie.... .....
do
A
elphla ft Heading
1»M 16»s
do 20 m., guar., .1. ft .1
Philadelphia ft Trenton
do 2d m., pref
69),
l'lula. Winning, ft Baltimore.
do 2d m.,gr. by W.Co.JA.I
8>4
PUtsburic Tltusv. ft Buff
do 6s. 3d in., guar., J.AJ. 108 118
128
124
United X. .1. Companies
Mar. ft Cln. 7s, •»!, F. ft A ... 88
. as) Chester consol. pref
CO
do
2d, M.
West Jersey
Pa.* N.V.C.& P.Rli.78,96
84,8:81,338
88
Connecticut Klver
80M Conn, ft Passumpslc
Kasteni (Mass.l
00
MP,. Eastern (New Hampshire)..
",
Fltchburg
Manchester & Lawrence...'.'
Nashaaft Lowell
iouQ
41,842,091
41,080, 80
40,8*7,565
lll,.V>2,ii98
Cheshire preferred
On Sandusky ft Cley
Mo., land grant 7s.
Neb.Ss, ls91
Iiutland,
10,524,268
Concord
1st in. 7s.
41,2.17,481
as follows:
49,750,086
49,275.009
19,072,910
13,928
no
$16,850,619
34,657,727
Deposits. Circulation. Agg. Clear.
$19,335,7"7 $10,180,880 $30,087,808
49,989,663 10,408,113
88,861,504
49.397,014 10,536,776
.30,5811,663
14.22s
MunlilpaJ7s....
do
land grant's ....
do
2d7a
49
do
land Inc. 12s. 101
Boston as Albany 7s
do
6s
Boston ft Lowell 7s
107
Boston & Maine 7s
Burl.
83,341,080
48,880,300
14,355.
•
Massachusetts 5a, gold..
Boston 6s, currency
do 5s, gold
Chicago sewerage 7s.. .
do
$49,1X13,600 $21,306,609
49,881,7(8) 83,338,5(0
49,5t,7,500 23,584,000
49.513.8
88,545,300
49,446,7(X) 2.1,481,400
BOSTON, PHILADELPHIA AND
W.
405,032,178
Deposits. Circulation. A<rg. Clear.
Bank*. — Totals were
Maine 6s
New Hampshire 6a
Vermont 6s
Portland «s
Atch. * Tcpcka
15,596,100
15,731,400
—Totals were as follows:
Specie. L. Tenders.
$1,658,700 $6,619,500
189.168,900
206,724.100
800,711,800
43,454,400
41,975,500
iis
111),
II
100
88), 3«)<
20
9
iio
M.
Northern Central..
Western Maryland
96
Norrlstowu
Noilh Pennsylvania
Kanla
*£
4a,exenipt,'J3,M.AS
112
"tin Central Ohio, pf
Pittsburg ft Connell8vll1e..60
RAILROAD
.
Sept. 28.
64, 1898,
HAILKiiAU stocks.
.
Aug.
6s,
do
du
1
Broad Top...
do pref.
Lehigh Valley
'
k.lsoi,
park,
1890, U.—M
llo
Balt.&Ohlo
do
Wash. Branch. 100
do
Parkorsb'g Br. .50
07
Laneaster.
ft
A
.l.i
6X
9.1
2««
pref
ob"
IMI.TI1KHII.
190i,J.AJ
do
do 5a,
Norfolk water, 8s
MM
pref
bo-
.
Camden
Calawlssa
00
.
do
do
do
Hr. imp.. reg./dS-Sfi
HA1I.UOAII BTOOIS.
BD & Atlantic
do
pref
do
He
6s, defense, J.
J.,
6s, exempt, 1687 ...
6>, 1890. quarterly.. 108
5s, quarterly
(kl
Baltimore 6s. is9l , quarterly.
do 6s. :as«, J.AJ
iisi
do 6a, 189i, quarterly.
111),
*
5s, reg.
ep., 1911.
»s, gold, reg
7s, w'l'rln, rcz.ftc nil
7s,
,
Maryland
IMltshurg 4s, coup., 1918
do
do
do
do
Bid. Ask.
6s, coup., :»10.
1st in. as. '97.
2d m. 6a. 190.
do
do
m.Sa.'sS
*80
do
6s, Imp
6s, boat ft car, 1>:3
do
7s, boat ft car. 19 5
do
Susquehanna 6s, coop., 19.8
U3Hi
l:l
I
do pref
Pennsylvania
95,300
1,863,800
Circulation
l'enna. 5s, g'd, Int., reg. or ep
i
returns of previous week are as follows
Net Deposits
Dec. $5,952,900
Dec. $8,188,600
Dec. 8,618,40.)
Dec.
478,900
Pennsylvania
Schuylkill Nav.
N. Jersey
626,100
45,000
69,235,200 211,817,800 16,652,300 41,975,500 200.771,100 15,724,100
Loam
Ecrimas.
BKCCniTIKS.
I'lin. t >:!. i-iii v.
STATE AND CITY BONOS.
Little Schuylkill
8,134,800
2.077,000
9,224,000
1,510,000
1,887,800
175,301)
.3,116,500
3.038,; oo
1,100
270,000
1,885,01(0
37!«,9()0
88,800
87,000
7,800
137,700
181,300
450,000
280,000
5,400
0,800
128.8(10
1.285,000
166,21 Kl
no
8,408,700
950,000
1,897,400
8,010.000
5,408,700
8,416.800
2,608,800
700,10!)
67,»00
814,000
27,000
4.199,500
3,900.600
8,043,0
11,078.000
1,540,300
Shoe and Leather.
Corn Exchange..
104,
1,601,000
1,612,600
3,430,300
1,883,
1,000,000
358,600
102,500
884,000
898,000
11, 00
378,300
219.300
89,900
261.900
809,000
1,877,800
11,761,000
13,701,400
4.9K),4(M
3,801,000
8.080.1
North America...
Hanover
8,.M1!),600
151,(00
818,800
57,000
40,000
4,889,1100
i
18*700
lie
Si;, Jim
818,800
6O0.000
300.000
nth Ward.. ..
of X. Y..rk.
*
1,506,000
831,000
1,887,100
851.100
3,000,000
n
S
S
I
Circulation.
Deposits.
Specie. Tender*.
New York
Ma hut Inn
'
Net
Legal
anil
Discouuts.
Capital.
IlaKKS
1:111s
AMOUNT OF
Ktr. -Continued.
98
88M
do
t
And
do
Interest.
do C
THE CHRONICLE
'610
NEW
QUOTATIONS OF STOCKS AND BONDS IN
U. S. Bonds andactive Railroad Stocks are Quoted
State Bonds.
do
do
do
88,1888
8B.M.AE.RB..
Ala. ftCh.lt.
8b of 1892
8s,
7b, L.K.P. B.
7e, Mies. O. ft
7b, Ark. Cent.
—
Central of
SO
80
19
88 of 1893
AN.O
i)s
R. R.
BR...
gd.,K.D "96« '97
!Bt7s£
do
lstm., La C. D. lb'i
do
do
do
Istm., I.ftM.D
do
1st in., 1. ft D..
do
1st m., H. ft D.
do
1st m., C. ft M.
do
do
lBtm., consol.
2dm
do
N. Western sink, fund
Int. bonds
do
consol. bds
do
ext'n bds..
do
1st mort...
do
cp.gld.bde.
do
do
reg. do
6s
ta.new
do
6s, floating debt
do
7s, Penitentiary
do
levee
6b,
do
bo
8b, do
do
53
8s, do 1875 ....
do
8b, of 1910
do
consolidated
81«
7b,
do
7b, small
do
Michigan 6b, 1873-79
105
68,
1883
do
II*
7s, 189U
do
n
n
u
em
1877..
1878
do
Funding, due 18J4-5.
Long bonds, due '32- '30
Asylum or Un.,due 189J.
Ban. ft St. Job., due 1886.
do 1837.
do
Sew York State—
.
6»,
la,
6b,
Is,
(i,
6s,
6b,
do coup.. 1887
do loan. ..1888
da do .1891
do do . 1893
do do .1893....
.. ..A.* O....
do coup, off, J. ft J.,
do do off, A. ft O.
1866
act,
Funding
1868
do
New bonds, J. ft J
A. ftO
do
do
Reus,
1*
ClassS
l)t
Buff. N. Y.
7
7
Hi
do
do
»».I88»
Rhode Island 6b
Han.
South Carolina—
Illinois
April* Oct
Funding act, 1866
Land C, 1389, J. ft J
new
new
. .
42Hi
68, old
bonds, 1666
68,
1867
do
(8,
6s, consol. bonds
Is, ex matured coup. ..
6e, consol., 2d series
6a, deferred bonds
District of Columbia 3.65s.
new
do
do
2),
small..
registered
43
30
SO
3
1
;
Railroad Stocks.
4
ft
Susquehanna.
.
8
Chicago ft Alton
pref
do
HSU
103
82)3
5
50
Jollet
A
Long
Island
Ch., guar.
do Bpeclal
do
Rensselaer
ft
do
do
Bellevllleft So. III., pref
St. L. I. M. ft Southern...
Bt.L. K. C. ftNorth'n.pref
'69,
171,
Terre Haute ft Ind'polls
Toledo Peoria ft Warsaw
United N. J. R. ft C
Warren
Stocks
District Telegraph...
Canton Co., Baltimore
Cent. N.J. Land ft 1m. Co.
American Coal
Consolidate Coal of Md.
Mariposa Lift M. Co
do
do
pref.
ft
24
?0*
KM
&
do
IX
IS
Penn.
RR—
Pitts. Ft.
ft Chicago, 1st m. 107
La. ft Ho., lBtm., guar
•VL.Jack.ft Chlc;,lBt m.
.
I...
Union
Union
58
58
Logansport
ft
SdS.,do83...t 110
100
98
Georgia 6s, 1878-'86
63)4
South Carolina new consol. 6s. 60
100
M.4S.I 99
Texas "8,1892
ill*
do 78, gold, 1892-1910. J.ftJ.lHO
J.ft.l. 11H* US
do 7b, gold, 1904
107)4
do 6e,gold,1907
J.&J. ...
do
liii
113
115
100
pension, 1894.. J.ftJ. 103)4 105
108,
CITIES.
Atlanta, Ga., 7s
111
do
do
114
HO*
8a
waterworks
Augusta, Ga., 7s, bonds
Charleston stock 6s
112
112
112
Lynchburg 6s.
Macon bonds, 7s
Memphis bonds C
do
bonds A A B....
end., M.AC. RR
do
112
Mobile
109)4
do
do
03
5e (coups,
8b (coups,
Nashville
New
4
!>
Bur. 8a
8s.
Fox B. Valley 8s
Oulncy ft Warsaw 8s ...
Illinois Grand Trunk
Zv
ft
.
new
Orleans prem. 5a
consol. 68...
u
108)4
\
Richmond
llu
31W
old
railroad, 6s..
27
wharf Imp'ts,
tjioix ioim|
Norfolk 6b
£ .t!ioi*
Petersburg 6s
»St 101
gold.
7b,
...
7-30
100
97
6b
Savennah
do
iioH
1
.
33
31
8s
do
do
do
Pacific, 7s, gold, conv.
Dixon Peoria* Han.
O. O.
do
1.3
6b,
6s,
BOH
on)
on)
funded
6s,
75
. . .
L. bdB.
Columbia, S. C, 6s
Columbus, Ga., 78, bonds
t«)
Paul 8a
C, 7s, F.
Charleston. S.
35
87
ft St.
34
35
105
95
95
6s,
Central of Iowa 1st m.
...
ii'i')4
2dm. g.
Canada Southern, lstm
61
with Int. certlfs 60
do
107M Central
7b
73
36
STATES.
V)V
Montgomery
7b,
7s.
W.
ft Pitts.,
108X
Uo
Col. Chic,
Dan. Urb. B1.4 P. lstm.
lies
lh
60
45
do
Watert'n ft Og.,con.
Iron Mountain, 1st
do
do
do
1st
m
2d m..
. .
.
2d mort., pref
2d mort. (nc'me
.
Belleville ft S. 111.1 :. 1st m. 8s
Tol. Peoria ft Warsaw, E. D...
do
W. D..
do Bur. Dlv.
do 2d mort..
do consol. 7b
do
do
do
do
& Wabash, letm. extend..
do
(ex
!
coupon
Erie
ft
Pittsburgh 1st 7b
do
con.m.,
7s, old.
7b,
Wllm'ton, N.C., 68,
8b,
do
53
80
90
new
100
101
equip...
Nashv.TB...
7s,
Fort W., Jackson
Chic 7s. g.
FllntftPerc M. 8s, Land grant.
93W Grand
'
It. ft
Ind.
do
do
93
M
ft
'.8t
IBtls,
Sag.
7s, l.g.. gu.
g., notgu.
1.
tBtexl.g.,8.
Grand Blver Valley 8», lat m..
Houi. ft Texas C. 1st 7s, gold.
do
105K
I
Indlanap.
Vlncen. Iat7s,
ft Slcftix
101W International iTexas)
95
gr..
g
ft
G. B.
94
95
jo
1
do
Montlcello ft P. Jervla
Montclair AG. L.lBt 7s
Norfolk
13
•
Price nominal.
9454
t
And accrued
is
64
82)4
32)4
4*
26*
e
BO
78, gld.
Interest
do
ff
m
C,
88
70
6
8
35
98
80
2.7
01
77
»s
27
41
41
5
102
90
A Petersburg 1st m. 8s
do
do
88)4
OflX
20
8s, Interest...
ft
8!«
90
7s
so
2dm. 8s
71
m.
8s.. 100
SO
do
2d in. 8s.
Orange ft Alexandria, lsts, 6s
70
2dB,6s..
do
Northeastern.
8s,jrr...
do 2dm. 78
Mo. K.ft Tex. 1st 7s, g., 1904--06
2d m. Income...
do
N. Haven Mlddlet'n A W. 7a...
ft
2d mort. 8s...
Jacks. 1st m. 8i
Certificate, 2d mortg. 8s...
Nashville Chat, ft St.L. 7s..
N. Orleans
.
7(1
Rock 1st m.
lstm 7s...
2d m. 5s
West P. 1st 8s.
Little
Mississippi Central
do
do
08
Int. H. 4 G. N. conv. 8s
Bt
JackBon Lans. ft Sag. Ss.lst in K.h)
Kansas Pac. 7b, g.,ext. M&N,'99 43
Kal. Allegan,
ft
Btock..
Mont, ft Eufaula 1st Ss, p.. end
MoblleftOhlo sterllngSs
do
do ex cert. 6a
65
..
endorsed. '88
stock
Sid
Memphis ft Charleston 1st 7s..
do
2d 7s...
Montgomery
.
let
Augusta bo.ids
ft
do
do
US
50tf
do 78, g., rdgr.,J&J.'80 40
do 7s, g., do MftS,'86
do 6s, gold, J.ftD., 1896
do 6s, do F.ftA., 1895.
do 7b, Leaven, br., '96..
do Incomes, No. n
H8>»
do
No. 16
do
Stock
do
99«
Kalamazoo ft South H. 8b, gr.t
«9
87
PI
89
94)4
IKJ
75
40
97H
105
39)4
Macon
Memphis
40
C. 1st 7s.
TM)
Indianapolis ft St. Louis 1st 7b
Houston ft Gt. North. 1st 7s, g. 84
tbs'it
.
consol. bds..
ft
Iowa Falls
40
20
Carolina Central 1st m. 6b, g.
100
Central Georgia consol. in. 7s. OS
48
45
do
stock
73
Charlotte Col. ft A. 1st M.7s.. 70
do
do
stock..
100
Cheraw ft Darlington 6s ...
70
East Tenn. ft Georgia 6s
East Tenn. & Va. 6s end. Tenn 75
90)» 92
E. Tenn. Va. ft Ga. 1st in. 7b.
43
35
do
stock
do
103
tea
Georgia RR. 7s
73
71
stock
do
99
Greenville ft Col. 7s, 1st mort.
42
40
do
7s. guar
do
8s, "89
Kansas City* Cameron 10s.
Keokuk ft Des Moines 1st 7b.
funded int. 3b
do
do
pref. stock...
96X 96)4
Lake Sup. A Miss, let 7b, gold.
Leav. Law. ft Gal. 1st m., 10s.
Logans. Craw, ft 8. W. 8s, gld.
•+
Michigan Air Line 8a
84)< 85
112
103
HO
37
ioo
87
12
»i
Evansville Hen. ft
Evansvllle, T. H. ft
7
IS
7.",
.
78..
:i7
J
mort 30
2d mort
lBt
15
SO
Dutchess ft Columbia 7s
Denver Pac, 1st m.7s, ld.gr. .g.
108W Denver ft Rio Grande 7b, gold.
EvanBvIlle ft Crawf ordsv., 7fl.
i'l'l
e.f.
31
7b, g.
1st 7s.
Dodge
In. BR. 8s
Ft.
do
mort
C,
Ind.
ft
55
70
oe
2dm..
3dm..
4
ft
Moines
101
'
Det. Hillsdale ft
...
Detroit ft Bay City 8s, end. . 't
Det. Laos, ft Lake M. 1st m. 8s
reg...
Alton ft T. H.—
Alton ft T. H., 1st mort
Tol.
98
11754
coup.
consol.,
103
.
Chic, Istm.
ft
ft
do
do
istm. 78
Istm., reg.
2d m., e.f ., 188
mort.
Hock V.
1st 7s, 30 yearB.
1st 7b, 10 years.
2d 7b, 20 years..
Connecticut Valley 7b
Connecticut Western 1st 7b
Chic ft Mich. L. Sh. 1st 68, '89.
Col.
reg., lat..
do
do
do
.
1908
61)4
80
25
61
(Broker? Quotations.)
102
108
28
101
1906.
St. L.
)
t U'9
ft N. (Mil.) g. 7s....
Cairo ft Fulton, 1st 7a, gold...
California Pac. BR., 7s, gold..
924*
consolidated.... 92*t
2d do
....
S3M
1st Spring, dlv.. i....
do
Railroad Bonds.
bde., 1903t 112
'jr.;
St. L. ft
Boston H. ft Erie, 1st m.
12
do
guar. ... 13
Bur.C. R ft North., 1st 5s.. eoii
Chsaa. ft Ohio it. 1st m..
22«.
do
ex coup
Chicago ft Alton 1st mort.
do
_ .
Income. 102H....
Jollet
t 103
t 109
101H Bur. C. B.
so
do San Joaquin branch 86
do Cal. ft Oregon 1st .87
do State Aid bonds
...
do Land Grant bonds.. ....
Western Pacific bonds. .......
Union Pacific, 1st mort. b'de !oi>„
Land grantB, 7s. 1025*
do
Sinking fund... 94 ),
do
Pacific R. of Mo., lat mort..
BOM
do
2d mort
do
Income, 78.
let Caron't B
do
Rome
Pennsylvania Coal
Spring Mountain Coal...
no
H3
104!*
Carthage
consol. 7s
do
Cleve.
1
Iron
Exchanae Price*
7s,
1st
do
do
30
23
90
106
HO
HO
HO
Keokuk
.
Am.
Cumberland Coal
Maryland Coal
M
6e, 1883
6b, 1887
6b, real estate..
6s, subscription,
Hudson, let m., coup
do
do
do
11...
108
4thS.,do8«...t
5th S., do SB... t
6thS.,do8s...t
.
Pacific RailroadsCentral Pacific gold bonds. .I105>»
ion
(Stock
do
do
do
do
do
82V
pref,
JTIlscel'oiis
,.
101
10!
1916 107
North Missouri, 1st mort
Ohio ft Miss., consol. sink, id.
Saratoga..
Rome ft Watertown
Louis Alton & T.
St.
ft
do
do
do
do
101
105
coop.. Ut. lOti^i 108X
do
do
do
W. ft
108
P. Peak, 6?, gold.. 26
Nebraska, 3 p. c
Blv., landm. 7s...t 109
4 Mo.
Bur.
1st m. 8s. 882, 8. f.
equipment bonds.
Harlem,
Missouri Kansas ft Texas.
New Jersey Southern. ....
N. Y. New Haven ft Hart
Ohio ft Mississippi, pref
Pitta. Ft.
Cons.
Cons,
Cons,
Cons,
Hudson R.
Chicago
Water
do
N. Y. Central
6H
Laf
ft
AtchlBOn
coup., 2d..
reg., 2d
Marietta ft Cln. let mort
Micb. Cent., consol. 7b, 1902.... 1045s
b3!,
Erlepref
Indlanap. Cln.
do
do
do
do
41« 42H
Cleve. Col. Cln. ft I
Cleve. ft Pittsburg, guar.
Col. Chic, ft 1 Cent ....
Dubuque ft Sioux City.
t
long... +
7s
llochester C.
St.L. ft So'eaatern 1st 7s, gold.
St. L. ft I. Mt. (Ark. Br.) 18, g.
South. Cent, of N. Y. 7b, guar
95
100
Alabama new consols, Class A 39
Class B 67)4 70*
do
do
.
New Jersey Southern
Central Pacific
t
Poughkeepsle Water
Toledo 88. \«r,-^»
Toledo 7-908
110
92>» Yonkers Water, due
guar '65
2d,
I
do
do
(Active precVusly quot'd .
Albany
Oswego
7s.
T. H. 1st. '95
20
Southern Securities.
109)4
lGSX
t 105
t 98
7a,
10
64
95
85
gold j coup
Chic. Dub. ft Minn. 8s
20
-;
gold { on.
100)4 10D4
10SH Peoria ft Hannibal R.
MlchS. *N.Ind.,8.F.,7 p.c Ill
Chicago ft Iowa B. 3s8s
60
RAILROADS.
Cleve. ft Tol. sinking fund. 108
American Central 8b
t ioi)<; 102
G
new bonds
U-3«
Ala. ft Chatt. lBtra.8fl, end....
do
94
Chic ft S'thwe8tern 7s, guar.
'&* Ala. ft Chatt. Kec'ver'e Cert's.
Cleve. P'vllle ft Ash., old bds
Chesapeake ft 0. 2d m., gold 7s
new bdB
de
do
Atlantic ft Gulf, consol
Chicago Clinton ft Dub. 8s
20
Buffalo ft Erie, new bonds... 105)4;
do
end. Bavan'h.
Chic, ft Can. South lstm. g. 7a.
30
Buffalo ft State Line 78
do
stock
Ch. D. ft V.. I.dlv.,lBtm. g.7s.
6
Kalamazoo & W. Pigeon, 1st
5o
do
de guar...
Chic Danv. ft Vlncen's 7b, gld
41
75g 74K
Water
Atchison*
'.03JH
mort
p. c. 2d
Det. Mon. ft Tol. ,1st 7s,
Lake Shore Dlv. bonds
73
57«
73
.
W., 1st mort..
2d mort...
ft
1885-98
do
102
II
Jo., 8s, conv. mort.
Mich. So. 7
•*s 43H
tag
Virginia—
lat.
new bds.
do
do
Lake Shore-
Hi
...
ft St.
Indlanap. Bl.
H
series.
96W
.
108
t 109)4
t 92
Hartford
1
ft
I*
32
25
21
98
95
60
25
20
78
...
Pacific, So. branch, 6s,g
Walkill Valley 1st is, gold....
RAILROADS.
Central—
Dubuque ft Sioux City, 1st m
2d dlv
do
do
Cedar F. ft Minn., 1st mort..
40
BO
30
BO
40
40
Jan.* July
6s,
6s,
do
Louis Vandalla
do
118
Detroit Water Works 7b
Elizabeth City, 1880-95
6s, various
Indianapolis 7-308
Long Island City
Newark City 7s long
bds., 8s, 4th series
do
78, 1st
Sandusky Mans, ft Newark
St.
t 102
7b, sewerage
-t
7s, water
t
7b, river Improvem't t
Cleveland 7», long
1
108
m., 1877..
large bds.
E,
ft
do
do
do
15
10
. .
Hockf. R. I. ft St. L. 1st 7s, gld
Sioux City ft Pacific 6s
Southern Minn. 1st mort. 8a...
.
t 110
do
do
do
115
latreylst'd. 115
i
8
(a
Albany, N. Y., 6s, long
Buffalo Water, long...
6b, long dates
m
extended
endorsed
do
2dmort.,78, 1879
8K
Peoria ft Bock 1. 7s, gold
Port Huron ft L. M. 7a, g. end.
Pullman Palace Car Co. stock.
West Wisconsin 7s, gold
31
Wisconsin Cent., 1st, 78
30
Mercaut. Trust real est. mort.7s 101
Chicago
Saratoga, 1st coup.
ft
'
OTriES.
108
6Jt
do recelv's ctfs.(labor) 25
do
(other) 10
do
North. Pac. lstm. gld. 7 3-10'.. 17
Omaha ft Southwestern BB. 8a 95
Oswego ft Borne 7s, guar
91
Peoria Pekin & J. 1st mort.... *...
(Broker? Quotations.)
2d mort.
ft
.
1
N. Y. 7s, gold
N. Y. ft Osw. Mid. 1st
do
2d 7b. conv
miscellaneous List
92
St. PeterB, let m..
do
Oblo6s,18Sl
do
do
MM
Erie, 1st mort.,
48
1
1839, A. ft O.
7sof 1888
Non-fundable bonds
Tennessee 6s, old
105
108
1
do
do
do 3d do 7b, 1883
do 4th do 78,1830
do 5th do 78,1888
do 7fl, cons., mort., g'd bds
do Long Dock boads
Land C,
100
108
107
reg. 7, 1891
do
do
Albany ft Susq. 1st bonds...
.'d
do
do
do
3d
do
do 1«t cons, iruar
:?
17
87
07
IS
••
J1.*0 J.ft J....
N.C.l'.K
do
10.5
M
do
do
107',,
Essex, 1st.
2d mort
do
bonds, 1900....
do
construction.
do
78. of 1871....
do
1st con. guar. 89
do
Del. ft Hudson Canal, 1st m.,T7 ltiSK
1884 98
do
do
US
1891
do
do
do
do coup. 7s, 1S94
gold, reg.... 1887
Special tax, Class
Class
do
I
1
let mort. 8s..
Galena ft Chicago Extended. ....
PenluBUla 1st mort., conv...! 104
Chic, ft Milwaukee, 1st mort 107
Morris
Canal Loan, 1877
1878
>dO
Rorth Carolina—
6i, old. J. ft J
99),
C. C. C. ft Ind's 1st m. 7s, S. F..
consol. m.bondB
do
Del. Lack, ft Western, 2d m... 100
7b, conv. 101
do
do
..
do
6fl,
91)«
do
do
do
do
do
do
Iowa Midland,
Winona ft
do
i
due
A
Chic.
68
53
Louisiana 6b
.
VOi
be.
Bid. As*.
27
New Jersey ft
di
2d mort.. "93. 74
do Ex ft N*ov..'77,coup. 63)4
Qnlncy 4 Toledo, istm.. '90.. 72
do ex mat. & Nov.,'17,cou.
HUnole ft So. Iowa, 1st mort
75
do
ex coupon
Han. & Cent. Missouri, utm
Pekin Linc'ln ft Dec't'r.lst m
107
Western Union Tel., 1900, coup 100
do
do
reg.... 106)4
Boston ft N. Y. Air Line, 1st m
Cln. Lafayette & Chic, 1st m..
Long Island BR., 1st mort. ...
St. L. ft San F., 2d m., class A.
do
class B.
do
do
class C.
do
South Pacific Ballroad.lst m 74)4
South Side, L. I., 1st m. bonds.
do
sink. fund...
B-))4
lst7B,
.
68.
87
ft
I
N.J. Midland lBt 78, gold
do
2d 7s
.
Istconsol.
61
63
con. conv
Wilkes B.con.guar 32« 37
55
Am. Dock ft Improve, bonds 47
115
Ch.Mll. ft St. P. lstm. 88,P.D 114
2dm. 7 310, do
do
Connecticut 6b
99
08
Georgia 6b
108
107
7b, new bonds
do
7b, endorsed. ... 10«)v
do
7b, gold bonds... 1C6X
do
Illinois 6b, coupon, 1879.
do warloan
Missouri
m
do
do
do
do
Lehigh
may
8XCUHITIK8.
5sslnk'gf'd.A.ftO
Chic, Rk. Isl. ft Pac., :st m. 7B ibiiH 107*
88. 1886
Kentucky
Bid.
112
Q. 8 p. c, 1st
do consol. m. 7s 110
ft;
do
do
58,1666
A rWflD?as 68, funded
do 7s. L. R. ft Ft. S. Us
do 73 Memphis ft L.R.
do
do
do
BBCTTBITIKS.
.
YOKK.
Prices represent the per cent value, whatever Vie par
•
Tol.ftWabaah, '.Btm.St.L. dlv. 82W
do
ex-matured coup. 72)4
do
Wraort
77
do Ex ft Nov.,'77, coup. 61)4
'95
<lo
S. F. Inc. 6s,
equtn't bonds,
ibi'ji
do
6s, 1917,coupon. 105
con. convert... 50)4
6;, 1917, reglst'd 105K 100
Great Western, 1st m., 188f
10i»4 110H
N. J., 1st m., new.
do
ex coupon
Chic. Bur.
Si, 1883
do
do
do
do
do
do
Jo
a previous page.
BXCCBITIXS.
BBCITBITIZ8.
Alabama
on,
XXV
[Vol.
8.
1st
m
do
do
Rlchm'd ft Petersb'g
Rich. Fre'ksb'g
ft
3d h, 8b..
4ths,88..
II
m. 7s.
104
lBt
ft
Savan'h
6s,
SO
43
43
30
10
104
95
86
92
75
*85
95
76
56
40
SO
Poto. 6s
do mort. 7s
do
73
Rich, ft Danv. 1st consol. 6s..
Southwest RR., Ga ,conv.78,'&
S. Carolina RR. 1st m. 6s
do
78,1902
7s, non mort.
do
stock
do
Savannah ft Char. Ut M.7s...
Charleston
too
79
100
90
43
88
end
99
100
West Alabama 2d m. 8b, guar,
lstm.8i
do
PAST DOE COUPONS.
Tennessee State coupons
South Carolina consol
Virginia coupons
do
consol. coup
Mem Dhla CRy Couponj
•
Price nominal.
,
30
Octohkh
THE CHRONICLE
6, 1877. J
NEW YORK LOCAL
si... -k
Hi. iik
331
SECURITIES.
lnanran.ee Stock LIM.
I.I-.I.
(Quotations by K. 8. Bair.1T. broker. «S Wall street.)
Companies.
Marked thus
(*)
||
are not National.
America"
American fixch
C'.iuV'
a
25
500,000
10.1
2,000,0d(
450,(100
Chemical
wo
nojn
Citizens'
99
100
100
t, 000,000
City
Commercial*
100
Continental
lim
too
100
Corn Kxchange*..
Dry Goods"
6110.000
Avenue"
Klfth
first
Gallatin
Ger. American*..
Ger. exchange*...
Ge.-manla"
Greenwich".
100
40
100
ISO
Import.
100
& Traders'
Irvlni
so
City"
£land
lather Manuf.
Vi
Murray
too
50
n
Hill*
New York Countv
N.Y.Nat.Exch..
«oojm
I.OOOjOM
i:xi
ion
too
100
50
1
a
Phenix
Produce"
go
loo
100
Republic
St. Nicholas
Seventh Ward...
UK
5,6110
Sixth
N.r
Tenth
Third
Tradesmen's
Onion
West side*
50
100
1,000,00
1,500,'W
Mn.ieo
Cat)
200,00(
8.1.600
M
•OOMO
:
IfiOOfiH
M0.00I
900,000
roo.ooo
l.ooi.oi.
40
1
and
July
Kxctiange
KarraKUt
30
Firemen's
17
Klremen'flFnnd...
Firemen's Trust..
Franklin
Gebhard.*
in
July
2, '77...
May
May
1.
4
4 J.
4 J.
4 J.
July
July
A.4 6.
May
i.k'S'.
J. 4 J.
J. 4 J.
J. 4 J.
4
4
M.&
.1.
I
Augl.
77.. .8
July 2, 77...
July 2.77...
July 2, '77...
July.1574.3X
Aug.6.77...3
Aug.l3.7:2S
Jan. 2, 77.. .8
July 2. 77...
July 2, 77...
J.
J
J.
J.
J
Juy2,
N.
Mayt0.'77S><
Jau.2 74.2Hg
Ju.y2.77.. 8
4.1
M.4N
320.(100
.*
do
certificates
do
bonds
Mutual, N. Y
do
bonds
Nassau, Brooklyn
_do
New York
do
do
ioi>i
North
lilver
Pacific
1'ark
.
1,000,000
325.000
301.000
446,000
1,000,000
bond*
certificates.
New York
Williamsburg
do
scrip
Metropolitan Brooklyn
Municipal ..
l.HO-.KK
1st mortgagi
Broadway
d\ Seventh Ace— stk
1st mortgage
Brooklyn Oily— stock.,
1st mortgage
Broadway {Brooklyn)— stock...
Brooklyn «t Hunter's Pi— stock.
mortgage bonds
Bunhwtck Av. (ITklyn)— stock.
1st
\*ntral Pk, s. * A. Ittver— stk.
Consolidated mortgage bonos
Dry Dock, K. B. * Battery—stk
1st mortgage, cons'd
Eighth Avenue— stock
L Grant.
.
loo
1000
100
1000
Apr.. 77.
Aug., V2,
Jan., 77
May
M.y
li.n
1
.'17.
1
.77.
'77,
Aug.! ,'77.
July, 77.
Jan.,
J.
'17.
Mayid ,77
800,000
200,000
401,000
1(0
1000
100
SCO
tc
too
1000
100
1000
Central Cross 'lown- stock. ...
100
1st mortgage
1000
Houston, West 8t.<tPav.F'y~tt)L.
100
1st mortgage
500
Second Avenue— stock
100
1st mortgage
1000
3d mortgage
1000
Cons. ConvertlDlc
1000
Extension
500 4c
Stxlh Avenue- stock
100
1st mortgage
1000
M
Avtnue— stock
MM
mortgage
.
4
1,500,000
1000
100
:oo
looo
100
1000
100
10
• This ctumn shows astdlrldeud on
163
72
9)
95
190
NO
193
U00
127
10U
100
131
n
100
Ltl
95
10S
|0fl
76
to
9)
123
!80
'
95
75
57H
115
£9
45
93
H
05
121
10)
a
8* S3
*-U0.
A.4
.
4d
.
500.IO0
1.8CO.00O J.
J.
1,200.000
1,200,000
(J-F.
900.0OI
1,000,000 1
.1
»N Jan.,
J.4D
4
J. 4 J.
7
•
June,
'93
Jan
,
77
7
Jan.,
'34
718.000 M.4N.
236,000 A.40.
600,000
200,000
2i0,C00
joolooo J.
J.
M.4N.
4
'..'.99.500
2-O.000 J\4 D.
150,(X» A.40.
770,000 M.4N.
ci.
200,000
750,000 M.4S.
415,000 J.
J.
2,000,000
A.4
4
60H.UX1
250.000
7
2
Dec
'77
,1502
Feb., 77
5
May. 77
7
April.
7
'93
NOT.,1901
•
104
160
73
90
62 S<
40
92)4
80
too
155
100
115
105
SO
9J
2
7
Dec.,
"77
100
7
April,
Oct.,
'e5
'89
'83
93
7
7
5
May, 77
7
July,1890
175
105
May,
5
Aug.,
1
July,lR9(i
J
4
Feb
Mar.
•1
,
111
N
July,
5
.3
5
'77. .6
130
July, '77. .5
July, 77..
io'
75
118
110
Aug. 76..
70
July. 77. .3
July. 77.15
July. 77..I0
July, 77.10
Jan..
8J4.836
65,593
159,503
138,772
78.175
tl57,UI8
110.327
185.465
2S3.65S
315.907
182,031
65,715
191,008
181
275
'77..
60
saV"
go
96
155
125'J.
103-
90
•77. .6
July. "7. .5
Sent. .77. .5
July 77.10
July, 77..
July, 77.10
July, 77..
July, '77. .5
July, '77.10
July, 'T7..5
July, 77. .6
July. 77.10
July, 77.10
July, 77.10
July, 77. .5
July, '77.10
61,099
115
180
85
170
1C0
140
100
95
!50
85
ISO
130
170
"iJ"
160
180
105
155
103
95-
140
140
192X
160
95
170
125.41!
Juno,,'77..
140
289,503
188,169
341,235
200.514
July. 77.10
July, 77. .6
July, '77.10
195
Aug
i2o"
.77..
none
50
22.680
500,391
132,711
410.076
139.0S5
2'. 9,330
122,815
869 8(6
18,291
63.587
t 70.106
3,270
83.981
219.433
SO
July, 77. .5
July, 77. .6
115
Oct., 77. .5
11*
.Inly. '77. 1C
240
July. 77.10
July.77.10
July, 77..
iiji"'
July, '77.10
Jan.,'77
•ft*
87
8H
July, '77. 5
July, 77..
July, 78 .5
July, 77. .6
Aug., 77.10
July, 77..
150.55-1
95
83
60
105
130
Aug.^J. .5
59,560
163,250
151.886
71.457
156,863
192.769
251,537 II
201.451 ,10
ioe"
July,*77,6-23
July.77.7M
iso"
Aug..77.3
100
160
July, 77. S
July, '77. S
July, 77..
Aug., 77.5
in
M
j.
I
Quotations by
Cttr Secnrltlea.
Dantbl A. Morau, Broker,
40
Wall
fltreet.)
1NTEKK»T.
llondsdue.
Mouths fayable.
York:
1811-68.
Water Btock
1854-57.
do
Croton waterstock.. 1845-51.
..1858-60.
do
do
Croton Aqued'ct stock. 1865.
pipes and mains...
do
reservoir bonds
Io
Central 1-aiK bonds.. 1853-57.
..1653-65.
0.9
do
1870.
Dock bonds
A'lto
Bid.
Market stock
Impr^vementstock
do
do
Consolidated bonds
Askd
V u .natcona
i.v
Bri.l£ebond8
...
City bonds
Kings Co. bonds
do
do
Park bonds
100
105
stocks but the date of maturity ol bonds.
...
c.
HOI
104
106
w
1907-11
tfo
1877-M
do
1S77
N
Feb May, A ng. A Nov
May A November,
do
do
do
do
do
do
do
do
do
do
January A July,
do
do
it"...K.....r.. ..roller, iyj
*»allst.l
,'
,
inuary
4
J uly
do
do
do
do
no
do
do
do
May 4 November.
*n
do
July,
January *
do
do
do
do
do
do
Brldg'
•All Bruoctlyn bonds flat
[Quotations byC. Zab«i»ki« 47 Montgomery
jersey VUy
January A July.
Watei loan, long
January A Juiy.
1869-71
do
do
do
Jan., May, July 4 Nov.
J.AJ. and J AD.
January and July.
U*
lu
106
•00 i
100
118
106
101),
118
101
105
110
102 X
104 s
IOCS
118
167
vxn
107
119
107
102
11>
105
117
lit
106
K8
111
107
1878-80
1C2
lSM-*i
104
III
116
116
108
110
118
.IS
118-
106
KB
U'l
1(8
880-US
I1U
113
18H0
1921
108
107
104
in
H07-1M0
St.,
,
104)
mh-rn
t
1C2
106
1915-24
1908
1(15
1908-1906
—
1866-69.
Sewerage bonds
Assessment bonds... 1870-71.
Improvement bonds ......
1868-69.
Bergen bonds
102
IN
1901
1905
1878
1891-97
1889
1879-90
1*01
1888
1879-83
1896
1894
.
>
100
103
HHi-K.mo
May 4 November.
do
Water loan.
190
do
do
1877-80
1877-79
1890
1884-1911
May A November.
May Aug.A Nov.
var.
var.
var.
do
New Consolidated
Westchester Countv...
do
do
do
do
Feb.,
1860.
1865-68.
1869
....1869.
,
«
do
do
do
do
—
Street Imp. stock'
May Aug.A Nov
Feb.,
1;75.
Brooklyn -Local liupr'em't—
City bonds
••
do
..
Park bonds
Water loan bonds
'77
'77
"93
77
July,'77.7)4
406;550ll0 72
July.77.10
'Over all llabllllles, Including re-lnsuiance. capital and scrip, t The surplus,
represented by scrip is deducted, and the figures stand as actual net surplus,
Continental, 11'45; Standard, 11 55.
I
12
July.1894
85
April, 71 x'O
7
Q-F.
J.AJ.
A J.
MAN.
190
76
1888
L
Floating debt stock
100
Apl 77
Oct.,
4
J.4D.
.
2000JXO
1
<
7
25
Westchester
Williamsburg Cltv.
do
July, MOO
IM Jan., 77
7
I
'77 .7
Jan..
Aug., 77.
in
I'll
-J
J.4D. 7 "niiD,UM
O-F. 3H May, 77
M.4N. 7 Nov., 'to
ML000 J
203,(KKD
*
M
rfnfted States ....
171
m
mW
76
.
Jan.,
M. AN.
I
Broker. 145 Brondway.1
2,HKI,(K.l
mortgage
HdSt. <t grand St ^erry-stock
1st mortgage
1st rnortfi-aa-e
Feb.. 77.
900,000
694.000 J.4J.
2,100.000 J.
J.
:o
1st
Ttvenly.lhlra Street-tlocx.
77.
Fi-li.,
1.510,0
[Quotations by H.
1st
April. 77.
J.'4 J.
F.4 A.
Quar.
4
Rutgers'
Safeguard
St. Nicholas
standard
Star
Sterling
Aug.1,77.
July 1, 77
July, 77
M.4N.
J. 4 J.
f.4 A.
1000,000 J.
,
BMc*«r Sf.cr t'uLlonterrtf— stk.
Third
A.AO
4
4
4
M.4S
too
101
25
100
25
50
100
100
25
July,
io
4033
201,001
200,000
800.000
200 .000
200,000
200,000
aoi.noi
800,000
800,010
200,000
300,000
200,000
150,000
250,000
800.000
250,010
50
KKI
Resolute
July,77.6-3J
Oct., 77.10
10
none
1,0(10,000
111)
Republic
Ktdgewood
.4
77
77
KKI
100
100
50
25
K
Stuyvesant
Tradesmen's
2,
H
Itelief
*
Jan..
S7J4
uxi
Produce Exchange
1.946
150,000
288,000
150,000
200,000
150.000
800,000
300,000
20I.OK1
250,001
300,000
150,000
200.OK!
200,000
200,000
800,000
200.000
210.OX)
800.000
200,000
200,000
500.000
350,000
800,000
200,000
150,000
150,000
25
50
50
50
50
50
20
BO
50
5
July,
too
100
Peter Cooper.
...
People's
Phenix (B'klvnt ..
Date.
July
4
1,1*1.1,00(1
do
do
Var.
Var.
500.000 J.
J
5.000,1 00
Quar.
1 000,000
J.
J.
1.000.000
Var.
7H6.000 M.4N.
People's (Brooklyn)
Central of
s
4
scrip
National
N. Y. Equitable....
New York Fire ...
N. Y. & Boston ...
New York City
Niagara
MX
and Bonds.
1,850,000 F.4A.
886,000 J.
J.
4,000,000 J.
J.
3," 00,000
VI.
8
1.000.000
Jersey City 4 Hoboken
Manhattan
Metropolitan
Builders'.
Mech.&Trad'rs'....
'n...3
ulyi. 77.
J.
2,000,000
1.200,000
A
Manhattan
July 2. 77.. .4
Mayl,'7J ..4J
PariAmount. Period
Brooklyn Gas LlghlCo
Oas Co (Bklyn)
do
eertltlcates
Harlem
Manut'
UK
(Gas Quotations by (ieorge H. Prentiss. Broker. 30 Broad street.
Citizens'
LorlTlard
i"
t7=5,2SC
109.US
H
n
Longl8land(lJkly.)
90"
Mercantile..
Merchants*.
Muntank (B'klyn).
Nassau (B'klyn)...
City Kail road Stocks
Gas Companies.
lii"
tS'J
10, "17..
July.77..1C
)uly,7;..10
Aug'77:7-i4
July. 77. .8
July, 77. .5
Jan., 77. .5
July, 77.10
1 117.568
too
25
Mechanlcs*(Bklyn)
J. 4.1.
J. 4,1.
1.4
.'
Lenox
Jan. 2, 77.. 8
July 5. 77..
July 1,'74.SX
July 3. 77...
.1.4 J.
J.
Lamar..
l«fi
10
200,000
200,000
200,010
H
Lafayette (B'klyn)
si"
192,160
172,151
12,207
18,376
160.386
Aug. .77. 10
1=8,366
40
Aug. 1,77.. 4
F.4A.
4
4
77 8> U7M
I0J4
150,000
500,000
101
Knickerbocker
100
93
4
F.'a'a.
J.
J.
Importers'* Trad..
Irving
Jefferson
Kings Co. (B'klyn)
80
M
t319,0;19
3,('00,000
H
100
20
50
2J9.211
10
July. 77.. 5
July, 77.. 10
July, 77. 5
July, 77. .5
July, 77..
July. 77. .5
July, '77...
15
90
Hoffman
10
July. "77..
July, 77. .5
Jan., 77. .4
Jan., ':;..5
July, 77. .5
June, 77. 10
Feb., 77..
'"
651,837
691,800
f35.012
317,639
11,184
.57,663
ll2,;»7
505,391
105.686
1,008.784
25
Hope
Howard
411,956
28,806
306,910
2OT.IK.0
500,000
20I.OK1
200,000
200,000
200,000
150,000
500.OK)
201,000
50
Home
IS*
10
200,000
204,000
150,000
150,010
200,000
1,010,001
5(1
100
KKI
7X
4
J.4J.
.
Globe
Greenwich
Guaranty
Guardian
Hamilton
100
Hanover
3, 77.. .3
July 2,77.3 k
Jan. 1,77... 1
Q-F.
J.
J
M
1,'77..8
3.
,
10
100
UK)
50,1(6
77.195
9,245
10,451
10»,86J
Faioxt.
Last Paid. Uld. Askcl
July. 77.
July, 77 .7
1M
40,35(1
T3W,32S it"
5W,'.t5
111,008
6,078
133,145
155,156
108,464
16,658
96,000
201,111(1
M
German-American
Germania
77.2S
Jan. 3,76.8.*
July 2, 77...
Oct. 1,75. .4
II)
Kmporlum
1.77.. 4
M»y
4
.i»»''
300.1
4
78500
1.000,000
too
100
:oo
100
too
100
KKI
100
Aug.l0,77..4
Julyl,75..3H
Jan. 3, 76...
July 2, 77.3X
J.
J.
J.
J.
4
423.70
1011
Second
Shoe and Leather.
J.
118,500
62,(00
80,600
145,0
2i7,iOO
472,100
162.r00
196.100
16,300
2.9 300
150.200
51.000
73.500
2 6 400
39,000
18.1. '00
is.eoo
173.C00
44-. 100
ai
4
4
4
70,100 M.4N.
J59JJ00 J.
J. 10
97.500 J.
J. 174
1,500,001
1
KmplreCity
4
4
4.1.
F.4 A
35.900 J.
991,001 J.
2,000,000
412.500
1,000.000
too
Apr.2,'77.2X
July 2, 77.3)4
Mcf..l,75..4
July 2, 77...
Julv2, 77...1
July 2. '77.3X
July 2. 77...
J.
J.
Fire....
Ju.y:i,76...S
j'au.'2','7'j.'.'.8
J.
J.
J.
401,700 J.
Oil.tOO J.
283.-.00
I.Oll.OK
3.000,000
200,00
300,000
1,500,000
1,000.000
400,000
go
Park
Peoples*
commerce
too
4
M.AN.
MOyOOO
Pacific*
J.
J.
70
:oo
30
KKI
50
,
Continental
HrkIo
May 2, 77.. .6
May 1.77..1
200.000
200,000
153,000
300.000
210.000
250,000
sim.ooo
200JXI0
200,000
1,000,000
doojooo
2OI.000
200,000
17
Commercial
1. 77.. .8
1W.IKI
211
Columbia
. ,ii
i .
2«u mo
a
,
city
Clinton
May 1,77. ..5
Oct.lO,'77.8X
Feb. 1,71...
May 11, 77. .6
A
81,000
83S.iOO M.4N.
231,700 M.4N.
918,600 J.
J.
1000,000
8,000.001
2:10,0a
on
OKI
100
Hroalway
,'uly2, 77.. .S
May.
May.
f.f-'.HIl
2,000,000
500,000
400,00'
1,000,000
8,000,000
too
Oriental*
State ol
500,001
500,000
I
Ninth
North America*
North River*..
000.000
10O.0CC
100
10
58.500
18,600 M.4N.
2,000 ..
63,600 J.
J
170,(00 .1.4 J.
12,f00 M.4S.
1.843.700
'501.00
IS5.300
100,0.0
15.800
600,000
436.100
SOMA*! 1,117.400
101,000
S.40C
1
i
Nassau"
New York.
4-1,1*'
foo.ooi
1
100
..
Manhattan"
N
Manuf. A Merch*. 61
Marine
UN
Market.
too
Mechanic*
ft
Mecn. BkgAsso.. .VI
Mechanics & Trad a
Sercantlle
erchanta
Merchants' Ex...
Metropolis*
Metropolitan
4
4
200,000
ICO.OOO
Hanover
Harlem*
i
B
50
25
too
& M'let'n
Hrooklyn
78.
6.
llll
101
Citizens'
nii£.
Aug. i.
1,77.
July 10,76..
July 2, T7...3
JJ4
0.-J.
Bowery
Hrcwers*
200,000
200,000
400.000
200,000
200.000
201.000
100
Arctic
Atlantic
K8.0CC
200.IXX
200,001
:O0
4
4
77..
'75. .5
1,77... 5
'a" Jan.
10
J.
J.
J.
H
N
Adilatlc
American
American Exch'e.
Amity
July 16,77..
521.700 sV-J920,600 J.
J.
4S0.-O0 M.AN.
698,900 A.
10.EOI F.4
«oo.oa'
Central"....
Grocers"
63,100
4
May
7
4
500,00
000,00
i
8
M
CJ—
J.
79,00. J.
lO.'OO J.
2.
1X71,1075 1816
"I
jKtn*
July 2, 77... 1
July 2, 77...
July 2, 77... 1
July 2, 77.15
July 2, 77.. .8
10
toe
oiSoo F.4A.
3 750,00.!
i
4 S.
4 J.
4J
4J
Bl-m'ly
J. 4 J.
1.1.4 J
10,100 J. 4.1.
IS-i.SK J.
J.
100.(00
50O.0(X
.*
Grand
3,173,80'
ise.ooo
1.511,010
200,000
150,000
100
too
100
SO
so
loo
Fourth
Fulton
142.100
July
1.-473
.
2,"77. ..I 1325,
1.77.. 8 ....
77.. 6 ....
2.
Sept.l
314.70 J.
100,000
1,250,00c
1,000 000
1,000.000
350,000
wo
Fifth
4.1.
1
421,;00 J.
5,000,001
a
a
Cast Hirer
Kleventh Ward"..
oo
33,300 M.
•300.000
a
Commerce
1.83s
l.lll'O.OJl'
u
Centra]
Chatham
Jnly
July
A ?.- ,'•
Par Amount. J1877.*
j
Uld. Ask,
Last Paid.
May
4
lie
Head"
Butchers 4 Drov..
Bull's
IIIVIOENI.S.
ConriNlES.
t'erlod 1R75. tins.
s.ooo.000 :,««j,ooo .1.4.1.
5.000,000 i.ndj.ftm M.4N.
350 OOP
.".'l SOU J.
J.
I50.0CO
H.1KIII
100
urn
urn
.
H
Amount
ft.
Bowery
Brewers' &
Broadway
Dividends.
o v m
m
109
Jersey City.]
1895
18*9-1908
1877-79
18*1
1905
1*00
H
101*
110
•00
IP*
110
105
.!,
101
no
m
io*
OTE CHRONICLE.
332
3
With the rates of 1876 and tonnage of 1877 the earniugs 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.
nnestmcnta
STATE, CITY AND CORPORATION FINANCES.
The "
PASSENGER STATISTICS.
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
Investors'
only a sufficient
number
is
printed to supply regular
subscribers.
ANNUAL
REPORTS.
May
tlie year ending May 31, 1877.)
report, just issued, contains the information given
below.
Extracts from the report of Mr. Samuel Sloan, the
President, are given at some length, and possibly the readers of
the Chkonicle 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
Done whose name has less frequently appeared in print on
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, 1877, derived
from
1877.
SVelght
Passengers
Mail
Express
Miscellaneous
1876.
$1,158,887
2,026.265
94,820
126,268
92,487
Total
$1,417,275
2,138,233
108,413
139,065
47,955
$6,498,126
A decrease in the gross earnings of
31,
$6,850,964
1873
1873
1874
from
1,708,964
1.999,671
2,188,7*8
2,375,496
2,686,248
3,056,38d
1875....
187«
1877
freight.
$4,096,198
4,652,878
4,908,961
4,147,838
4,417.275
4,158,887
per mile.
'56 cents.
1
1'57
'•
$1,447,803
4,989.955
5.523.642
129
*'
16
"
5,06S.O&-:
118
"
4,602,901
1
;
meet
tnis case, and your directors state
frankly their opinion, that the trunk lines leading from
York, Baltimore and Philadelphia to the West have pursued
an
erroneous policy; aDd that a return to dividends will only be
reached
by wiser co-operation with each other, establishing rates for
their
freignt traffic upon business principles, and rejecting traffic
which
leaves no margin for profit.
New
While the operations of the
-
'
'
all extinguished.
Since the last report the Board has succeeded in completing
an
arrangement with the Jackson Lansing & Saginaw Railroad
Company, whose road is leased to this Company, by which
the entire
net proceeds of the land grant, amounting to about
500,000 acres
and all the proceeds of land sold, amounting to about
000'
and yet to be paid, will be applied to extinguish the $300
bonds of
tnat company, for which by the terms of the lease
this
was liable. This arrangement will diminish the amountcompany
of rent
payable in the form of interest annually, by the full
amount
realized in each year from the lands. During
the last year there
nave been paid and cancelled $140,000 of bonds
1,592 605
..
""J™* 1*--" 1.093,618
' ons hauled,
....
2,686.248
moved 1 mile
386,046,422
gs per ton per mile. 01 12-lOOc.
TW.l.U
I™*
U*"
»*rn
1
Freight.
Increase.
1,710.739
1,345,647
8,056,388
473,837,807
00 88-lOOc.
Passenger
Mail..„ ...
Express
Miscellaneous
678,21)0
1,447,640
184,230
2.553.403
.*•;
Tetal
«5,4S8,126
and dividends from
investments
145,591
.
Interest
$8,391,715
$8,891,715
LANCK SHEET.
Construction account
$2^,285,748
Construct'n acct.— Br'chs.
4,630,219
Sundry securities
Equipment-bond trustees..
Detroit &, Bay City RR...
Chic.& Mich. L. Shore RR.
Sleeping Car Co. stock
Material account
Sundry accounts
Cash— in New York
Bond accounts
Mortgage loan.
720,578
545,245
248,83!
97,840
12,733
229,035
12,018
107,560
& Dot.
$556,000
lst sink'g fund. 1,608,000
2d sink's fund.
671,000
Consolidated.
Air-Line
556,000*
8,000,000
..
1,900,000— 13, 191, r03
2,553,403
$34,359,820
»Of
amount, about $1,900,000
secured by mortgage on that road.
this
Louisville
(For
the
&
$34,889,820
.vore
proceeds of the Air-Line bonds
Nashville Railroad.
year ending June
30, 1877.)
From
the earliest copy of annual report in the Louisville
Courier Journal the following extracts are taken. Unfortunately, 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:
The bonded
debt, as per last report, was.
City of Louisville bond Bold this year
$'.6 555 710
.
1,000
:
Redeemed Memphis* Ohio Railroad income bond
$500
Paid to sinking fund in consolidated mortgage bonds
89 0J0
Paid to Sinking Fund In Memphis Clarksville & Louisville
In this
Mortgage bonds
is
'
32980—
'
72,480
$16,184,230
included city of Louisville bonds without mort-
gage
850,-00
Showing a reduction during the year
of the main stem and branches of.
$15,634,230
in the
mortgage debt
72,460
We
have also reduced the bonded debt of the Nashville & Decatur 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 purchase of $05,000 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 botded and floating debt
of same.!!!!'.
Showing surplus earnings
In the year 1875-T6 the surplus earnings WW*,. .............
An
increase of surplus earnings this year over last of
The following
$309^416
shows a comparison of the gross earnings,
operating expenses and net earnings of the different lines operated
by this company for the past five years:
table
Main Stem and Branches
1872-3.
Gross earnings
$3,177,574
Operat'g expenses. 2,135.866
1873-4.
$2,864,611
1,886,465
'346 miles).t
1874-5.
1875-6.
$2,575,094
1,573,368
$2,498,505
Net earnings... $1,041,708
$988,145
$1,001716
$1,111,794
Memphis Line—M. C.d L. and M. & O. (25910 miles).
1872
1876-7.
$1,159,457
809,306
$369,415
$331,037
$00,220
$346,024
Glasgow Branch— Leased dOoO miles).
$350,151
1872-3.
Gross earnlnes
Operat'g expenses.
Net earn
1,076,8.14
1878-4.
1874-5.
$18,930
$19,650
12,913
12,710
11,604
1875 6.
$18,456
12,250
1876-7.
$1 7,096
13,117
$8,246
$4,206
$3,978
$5,007
JV.
c6
D.
1872-8.
Net earnings...
1874-5.
$1,119,359
619,139
J873-4.
$1,4 7,932
$17,950
ngs...
Gross earnings. ...
Operat'g expenses
1,374.810
$1,325,689
1875-6.
$1,139,424
793,400
8.
Gross earnings...
$1,731,851
Operat'g expenses. 1.362,436
Net earnings...
1S76-7.T
$2,700,499
1,386.710
$5,219
RR.—Leased
$695,0(6
585,887
$667,946
528,546
$109,153
$144,899
5.
*
(12230 miles).
1873-4.
N. Alabama RR.
•1872-8.
1874-5.
1875-B.
1876-7.
$594,657
383,442
$'31,780
382.074
$679,591
416,746
$2"6,2I5
$249,705
$262,845
(181 miles).
1873-4.
1874-5.
1875-6.
1876-7.
$561,215
465,695
$554,921
388,186
$615,123
419,092
$758,682
560,625
Net earnings. ..toM.$41,242srain$96,579
$165,734
$256,230
$197,85*
Gross earnings
Operat'g expenses.
$483,628
524,370
Decrease.
&
118,134
252,004
870,138
77,791,335
247 997
$4,158,837
2,026,285
94,220
126,266
92,487
.
FREIGHT STATISTICS.
Ho. of tons-local
|
$769,440
Total
Rental Leased lines
Balance
line the past year
have afforded no
surplus for a dividend to the shareholders, the directors wish
to
call attention to the fact that the floating debt
which was
00 000 On the lst June 1875 and $700,000 on the
1st June
fi£
v
1876, has been steadily diminishing.
The actual debt June 1st'
less the cash on hand applicable to pay upon it,
was $299
lhere has been Borne still further reduction, till now 671
with
cash assets on hand to meet it, it may be considered as
practicallv
,'
•CO SO-'lOOc.
of operation.
"
88
4,700,424
large increase of gross tonnage will be noted as well
as
the rapid decrease in 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 1-57
cents
per ton per mile in 1877 the average rate upon all freight was
88-100 of a cent, being Blightly more than one-half the rate
obtained five years previously.
There is no possible economy of expenditure, in the opinion of
will
T6,s66
6,982,626
Kate per ton Tot. expenses
The
thmBoarl, which
106,266
......
I
The
Tonnage.
86,84:, 889
-02 46-lOOc.
Decrease
31.926
INCOME ACCOUNT.
Jnne 1, 1876Balance from previous year
line
Leased lines
(which include $100,000
Earnings
Increase.
1,265,879
184,257
1,450,186
93,830,515
•02 16-100C
152,331
1.526,436
$353,837.
operating expenses for this last year to 31st May, 1877,
for taxes, proDerly belonging to the previous year), were, for 1877, $4,706,442; for 1876, $4,803,902. The
actual decrease in expenses is $196,460. 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, showing & decrease daring the past year in the net earnings of the
property of $256,377.
Tour 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
to the 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
follows:
1877.
1,374, 105
1877-
Main
(For
annual reports or
1876.
No. passengers—local
do
through...
Total No. passcneers
Tot il pass' gets moved 1 mile
Earnings per pass, per mile.
Operating eipenses A taxes. $4,706,412
Interest on funded debt-
Michigan Central Railroad.
The annual
[Vol. XX"?.
* The South
North Alabama Railroad was operated only nine months of
this year.
t In this is included the Cecilian branch, 4554 miles, operated since Jan-
nary
•00 24-100C.
X
19, 1877.
The
total length of
main stem and branches
is
now 39151
miles.
October
6,
THE OHUONICT.K
1877.]
Total of all roadt (920 90
control of
1876-7.
8,945,314
1875-6.
$4,961,490
2,993,580
$8,815,326
8.171,806
$U8S,»Si
$1,682,133
$1,96;,960
$8,140,520
$5,5-0,1.95
Net earning... $1,484,047
-expenses.
mUa).*
1874-6.
J«,8nS.8(3
3,181.710
187V4.
1S7J-3.
$6, Kift.osi
4,623.004
Gross earnings
1873-3, the fiscal year previous to the panic, the gross
earnings were $8,100,051, and the net $ 1,484,047 In 1873-4 the
gross earnings wore |5,5 10,695, and the net $1,505,382 in 1874-5
the grow earnings were $4,803,870 and the net $1682,132; in
1875-6 the gross earnings were $4,961,490, and the net $1,967,900, and in the past year the gross earnings were $5,315,326, and
the net $2,140,530.
NASHVILLE ib DBCATCR RAILROAD COMPANY.
$679,591
The gross eirnl gs wore
In
;
;
416,746
Operating expensed
$262,"45
249,705
N.tearnlnga
The net earnings
la^t
year were
$13,139
Increase 1876-77
and dividends for which the Louisville & NashRailroad Co. is liable have been paid, and are as follows
The
ville
interest
:
$150,185
37,000
Interest on bonded indebtedness
Hire of engines and cars
Dividends on stock
9,8,558
$285,738
262,815
Dednct net earnings
Showing a
$22,893
deficit of
account of the road
during the past year was $3,036 during former years, $258,123,
at the end
be
reimbursed
making a total of $261,559, which is to
The amount charged
to the construction
;
of the lease.
Amount advanced on construction account
Sixty-five sterling bonds
Advances and interest on old account
$2.3.093
62,588
110,766
Total amount advanced during the year
The
result of the operations of the
$436,419
South & North Alabama
a total advance of $436,449
Railroad during the past two years is
above the net earnings received. A statement of the results obtained in the past two years under the present management,
compared with the two embracing that of tbe panic and the one
before, may not prove uninteresting to the stockholders.! The
gross earnings for the years 1872-3 and 1873-4 were $11,616,747,
and for 1875-6 and 1876-7, under the present management, were
$10,276 817; the net earnings for 1872-3 and 1873-4 were
$3,040,429, and for 1875-6 and 1876-7 were $4,108,480. In other
words, in the last two years, with $1,339,930 less gross earnings
than in 1872-3 and 1873-4, we realized $1,059,050 more net in
1875-6 and 1876-7 than in the former time mentioned, a result
worthy of the careful consideration of the stockholders. This
is not due to any increase in rates of freight, as is shown by the
following facts: The number of tons carried one mile in the
vear before the panic was 177,466,795 ; in the year of the panic,
"160,482,542
and in 1876-7, 202,114,027
in 1875-6, 173,064,314
showing that we have had an increase in tonnage in the past
two years as compared with the former two mentioned. In obtaining these results your directory has not allowed the physical
condition of the road to deteriorate, but placed it in better condition than ever before.
After much trouble, we have finally
succeeded in making an equitable settlement with the State of
Alabama. In lieu ol an obligation which we held of that State,
and on which she declined to pay either principal or interest, we
have succeeded in obtaining; $330,000 in five per cent bonds, on
which the interest has been and will be promptly p. id, thus increasing our revenue and adding valuable assets to our resources.
The south & North Alabama Railroad Company haB delivered to
us one million dollars in second mortgage bonds of that com
pany, bearing seven per cent interest, for advances made by us
under tbe original contract for the construction of that road. As
the resources of the South & North Alabama Railroad are developed, these bonds will prove valuable assets to our company.
At the end of the fiscal year, it was found 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 Burning, 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. The main siem of
your road, extending fiom Louisville to Nashville, is now virtually laid with steel rail, and the annual expense of making
renewals reduced to a minimum.
have also placed steel rail
on the heavy grades ol our other roads. The Memphis line is in
excellent condition and will need no large outlay during the current fiscal year.
Memphis, the terminal point of this road,
together with Western Tennessee, is rapidly improving. Should
that city and our line again receive ;he benefit of the Texas
trade, now arbitrarily iorced via St. Louis, the revenue to lis
from this portion of our system will be largely increased. The
Knoxville, Richmond, Bardstown and Glasgow branches are all
in excellent condition and form good feeders to our main stem.
The Nashville & Decatur road is rapidly growing in value to us.
Burdened by a contract made in 1871, which compels us to pay an
exorbitant rate of interest upon the actual value of its stock, we
are placed at great disadvantage, but we have succeeded in
making this part of our system in itself almost selfsustaining.
It penetrates a rich agricultural country, and,
connecting the South & North Alabama road with tbe main
stem, the amount of traffic passing over it to the other
parts of our system is very large, and, consequently, tbe
;
;
;
We
*
t
The total of all roads is now 96GM4 miles.
The South & North Alabama Railroad is included
in these comparisons.
South
333
this road
of
is
& North Alabama
much importance to us. On the
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 wae
placed in the track, a great portion of which has been replaced
this year at a heavy expense.
The amount expended from this
cauBe alone was not 1. as than $60,000 during the past year. In
addition, under a contract with the city authorities of Montgomery, Ala., made in 1872, we were compelled to build a uniondepot at that place*. This greatly facilitates our business there,
and, with the rents that we receive from connecting lines which
use the building, it is a paying investment. During the peat
year the company has acquired, by purchase, the Cecilian branch
of what formerly was called the Louisville Paducah & Southwestern Railroad. The acquisition is about forty-six miles in
length, and possesses a value from its position as a parallel road
with our main stem from Louisville for the distance mentioned.
Forming part of a through line, it was, in conjunction with its connections, a constant disturber of rates to nearly every portion of tbe
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 commencing and concluding negotiations, and it was turned over to
us January 19, 1877. By this purchase we naturally secure the
main line of the former Louisville Paducah & Southwestern
Railroad as a feeder. This road is 186 miles long, extends from
Paducah to Elizabethtown, and brings to our main stem a large
amount of business. Our relations with the management of that
road are of the most harmonious character, and our joint efforts
are directed to developing its line so as to yield us the greatest
amount of revenue possible. It is well known to the stockholders that we own over 500,000 acres of land in Alabama, about
three-fourths of which are agricultural, and the remainder mineral.
It is our policy to offer every inducement to actual settlers
to locate on these lands, and they are rapidly being taken by
emigrants.
are selling the agricultural lands at prices
ranging from $1 50 to $5 per acre, and the mineral at from $10
to $25, and have recently made sales of the latter at the maxi-
We
mum
price.
Portland & Rochester.
(For the year ending Augiut 31, 1877.)
The annual report of the directors contains the following : On
December 29th, 1876, by direction of the City Council, a bill in
equity was filed against the " Portland and Rochester Railroad
Company and others" to procure the appointmeni of a receiver,
and ultimately to determine the rights of all parties having any
interest in the road.
On January 17ih, 1877, this cause came on
to be heard, and it was ordered that George P. Wescott be appointed receiver to manage and operate the railroad. On February 1st the receiver took formal possession of the road and all
its effects.
Since that time it has been operated by him under
orders of the court.
The Treasurer submits the following comparative statement of
the expense ol operating the road for 1875-6 and 1876-7
:
KECEIPTB.
Passengers
Freight
Mails and express
Miscellaneous
1875-6.
1876-7.
$60,167
72.913
$52,865
5,029
75,700
5.215
99
M
$138,269
$131,896
1875-6.
1876-7$38,537
1,6x0
EXPENSES.
Repairof roaa
"
"
"
$27,301
4J3
1,171
8.283
9,6i8
19,022
bridges
fences
!
locomotives
freight, passenger and baggage cars
Passonger and freight expense
"
Fuel.
Taxes and insurance
General and incidental expenses,
printing, damages, Ac
Watchmen and switchmen
Stations and buildings
Interest
318
6,464
5,973
18,230
24.959
974
7a
12,084
2,368
9.9W
salaries, advertising,
l»,-<48
2.079
-
$116,106
2,333
10.362
2,520
$111,830
includes all expenditures for the road, except the
construction of Saco River Bridge, and payments made on account of rental and purchase ot rolling stock, which will be
found on another page of this report. It will be seen that the
gross receipts are $4,373 less than last year, and the expenses
have decreased $4,386. The number of passengers carried was
118,175, being 29,838 less than last year, while the freight ton-
The above
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 inclnding overdue interest on its bonds may be stated as follows, viz :
—
Capltalstcck
City of Porthnd bonds, A
City of Portland bonda, B
;
Portland and Rochester 7 per cent bonds
Bills pavable, including notes given by receiver, approved
pay-rolls, due other roads, and other
bills for supplies
claims, a pait heing estimated
•^,'YJi
SO,i74
Less cash and due from agents, and material on hand
*5iin!!ni
«,„,»
JKrSw?
aou,uu»
ma *•»
68,680
$*,•£•!
Total
The amount paid during
purchase of rolling stock
the year for rental and on account of
is
$10,867.
8ACO RIVER BRIDGE.
The cost of the new iron bridge, including masonry, was
For superstructure, one new pier. Including foundation, repairing
defective pier, coping and bridge seat*, stone for four plen and
$16,181
two abutments
»
THE CHRONICLE.
334
Timber
for trestles, labor in putting
bridge
JTor
new
up same and taking down old
1,666 12
1,194 69
7....
track-stringers
and track
819,042 79
Total...
In part payment for the above, by order of the Court, the receiver was authorized to give his notes for $16,000, dated April 2,
1877, payable in 3, 6, 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
$1,622, which will be added to our floating debt when paid.
GENERAL INVESTMENT NEWS.
—
& 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
three years from October 1, 1876. As an inducement to the persons holding these first mortgage bonds, it was proposed to pay
the accruing 7 per cent interest ir gtild 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. Notwithstanding the opposition, an Ohio court has confirmed the agreement. 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 for the foreclosure of a mortgage
on the road and the sale of the company's property. Application was therefore made to Judge Daniels, who, in his
" The evidence furdecision, says, among other things
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 instrument made for the security of 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 ofgo'dover currency, 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 obtained, while one of the trustees wag enjoined from proceeding in
the matter, and the third trustee resigned. The motion is denied."
Atlantic
:
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 h as 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 Cumberland 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 brfsis 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 now
in dis-
[Vol.
XXV.
A statement of the condition of the sinking fund Bhows 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 negotiation of the new five million loan, which will result in an annual
saving of $90,000. The amount of premium on the sale of the
loan was $17,711 02, and the expenses of printing, advertising,
clerical aid, &c, $3,712 83.
Bnffalo
New York & Erie.— The
trustee gives notice that he
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.
will anticipate the
—
Chicago Danville & Viucennes. General Adna Anderson,
Receiver of the above railroad, has filed in the United States Circuit Court his report of his proceedings from May 1, 1877, to
August 31, 1877, as follows
:
Receipts.
Freight
Passenger
Mail
Express
Traffic balances
Car service
$17,727
11
1,824
560
3,222
461
Track service
Saleof old material
Bents
117
2J5
29
398
4.305
C.&S.R.R
Other sources
W. H. Bradley,
Courts
Clerk
Diebursenunts.
Pay-rolls and service vouchers. 826,451
Supplies, general
11,907
Supplies, new rails
11
Traffic balances
9,685
Car service
5,127
Track service
2,524
Rental of cars
2,633
Rent of Chic. & Southern RR.
5*5
Rent of depot grounds
837
Rent of ground for tracks...
251)
Rent of P. C. & St. L. Railway 3,679
.
Taxes
O. S.
38,102
$67,015
O.
1,561
181
Straussheim
G. A. Airey
Miscellaneous
Hammond & Brown.
C. D.
&
135
11,546
...
Receivers
V. Rli. floating debt.
.
.
8
95
$77,219
Balance on hand, August 31..
20,386
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
spare, and ran short of funds to pay the operating expenses.
.
The item
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
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 bondholders, and they have shown a disposition to accept it. The
English and Great Western bondholders own a controlling interest, and, acting in conjunction, would undoubtedly govern.
The Chicago Tribune says: A meeting was held in Detroit a
day or two ago which was atlended by a large number of bondholders and their representatives, also by Mr. Hugh Cuilders, and
Capt. Francis Pavy, who has been sent out as the representative
of English holders of about $2,500,000 of bonds. Mr. John S.
Newberry, 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 o. At the same lime, the road, being the natural ally
of the Great Western, would, of course, give it the greatest proportion 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 considerable weight.
Finally the whole matter was referred to a committee, consisting of Henry N. Walker, S. T. Douglass, H. B. Ledyard, Capt.
Meddaugh, and E. Martin, to report at a subseF. Pavy, E.
pute and abatements already made there will probably result a
total abatement of about $20,000,000, thus leaving an increase of
the taxable basis under the new assessment of from twenty to
twenty-one millions of dollars. 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 being 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 quent meeting.
The bondholders of the Detroit & Milwaukee Railroad held a
collected, of $4,375,000, but the full collection of the taxes during
the fiscal year can never be relied upon. Your honorable body meeting Sept. 28, at which the question of the disposition of the
The result of this deliberation was
will therefore recognize the absolute importance of economy in road was freely discussed.
the municipal expenditures, in order to prevent an increase of the appointment of Messrs. Douglass, Taylor, and Ledyard, as a
committee to examine all propositions made for the disposal of
•
taxation.
" Taxation must be reduced by either an increase of our taxable the road, including Mr. Newberry's proposition to purchase, and
The committee was
basis or a curtailment of our expenditures. .It is important, if the Great Western Railroad's offer to lease.
directed to report at a future meeting, which will be held in a
possible, to increase our taxable basis.
In this respect we are far
behind many of our sister cities with a smaller population. With few days.
a population of nearly 350,000, with large commercial interests
Grand Bapids & Indiana. The trustees under the first
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 morttures. Our near neighbors, Philadelphia and Wilmington,
by gage.
their more liberal laws, attract capital seeking investment
Long Island Bailroads. In regard to the financial embarin
n^nufacturing 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. 1 on $250,000 bondsof 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
Boston, which is about 'the Railroad of Long Island has been due since Sept. 1. The same
$400,000,000.
«ize of Baltimore, has a taxable basis of over
$700,000,000."
thing is true of the bonds of the Smithtown & Port Jefferson
(
W
.
—
—
—
;
October
THE CHRONICLE.
0, 1877. J
la retpect to the latter road, the Long Island Railroad
recently Issued the following circular:
Ttaa earning! of the Sm'thlown & Pert Jefferson Railroad Company caring
the past yearnave not been sufficient to pay operating expenses. The Smith,
town & Port Jefferson Hallroad Company Is now indebted to this company in
an amount exceeding $170,000. This company la adviaud that it ia not liable
for tin' Interact upon the bonds of the Smlthtown A Port Jefferson Railroad
my, ami therefore refuses to pay the same.
Dated Aurust 81, 1877.
Hail way.
for the old Midland Pacific bonds, and
already been so exchanged.
Company
New
ment of
—
Louisville Cincinnati & Lexington. The Louisville Cincin& Lexington Railroad, extending from Mount Sterling to
Cincinnati, via Louisville, was sold at Louisville, Oat. 1, by order
of Chancellor Bruce.
A syndicate, representing the second mortfaga bondholders and floating creditors, purchased the line for
subject
to
781,000,
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, rnd the third in favor of Norvin
nati
and
first
as compared with the same month last year, straws 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 bnding August 31, as compared with the same period in
1876, the gross earnings show a decrease of $3,468,991, the expenses a decrease of $2,628,933, and the net earnings a decrease of
$840,008. All lines west of Pittsburgh show a decrease in net
earnings for eight months, as compared with 1876, of $986,831.
an
offer.
The mortgages were
as follows
Portland & Ogdensbnrg.— 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 tha
Chronicle of Sept. 29. Ihe Portland City Council adopted, at
a meeting held Oct. 1, a report of the committe on the Portland
& Ogdensburg Railroad that the whole matter of the readjustment of the demands against the 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 approved by the Mayor of the city. The city of Portland is tha
largest holder of the company's securities.
:
City of Louisville
Oiuhrie, Kni«ht & Bowles
$100,000
700 0U0
Norrin Green
S.OUoiooo
988,98
374,000
1,582,500
?*?!*? U Pougl" 88
A.D.Hunt's
L8<>»
There was no answer to the offer of the Marshal and then the
was changed. Would anybody bid on an offer of $1,222,337,
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, Knight 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 band in the sum of $20,000 for the faithful execution
of their purposes, with J. B. Wilder, Samuel K. Richardson,
E.
Thompson, Edward Wilder and George Ainslie as 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
i.hancellor Bruce. It seems, however, such is not their intention.
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 bv the end of the week. The
incorporators, should they all accept, will be as follows: E.
D Sayre
Henry B.-ll, M. C. Johnson and T. J. Bush, of Lexington and
Ed. Thompson, F. P. Schmitt, G. Spratt, J. B. Wilder,
George
Ainslie, John P. Morton, John B. Bangs, W. C.
Hite,
George
Anderson, T. J. Bush, Charles Tilden, George W. Norton
Jacob
Krieger, Jr., Jacob Peter, Robert J. Thomas and Samuel
A. Miller, of Louisville, all well-known
gentlemen. The name of the
new company has not yet been decided upon, likewise the
offer
W
amount
of capital stock.
Marietta
& Cincinnati.— A meeting of bondholders was held
and a committee of ten was appointed to look after
Bondholders interests. The committee was as follows
Messr<
Samuel H. Taggart, Ira S. Holden, James Cary Coale,
Wm'
Whitelock. Israel Morris, of Philadelphia; Samuel
Eccles
Andrew Reid, John S. Oilman, John C. King and W.
Spenace.
On motion of Judge John C. King a resolution was
adopted as
in Baltimore
:
W
holdeTi
™i
m^?he
T » "! « omm "fe
Mariet a and
f,f'f be
"
U
fntere.", ?,M,'
recalnt of
elected at this meeting in behalf of the bondCincinnati Railroad be mid they are hereby r
t,ler thc !ai d roa(1 ls
P™»™1 ran exclusively
l 'lS
,
stockholders
and creditors
whether the said road is in
lm tel
1.1
w
-
U
.
;
di Uepr0por onof what U known' as through freight
paMing
OTerthe..m. i connectlnn
V w "h the Baltimore
'
& Ohio road. If the sad
££Ln(..£
l
r
0t a 8
th e ba ' ir,esB «">"<*tions of the
road
.bo^ mentf„ ld th otv . r° dW,tl1
,
retl a< 9 -. ed
«° ascertain whether other and belter
termi rin be made
term
n.n\ £SJk?
L
w.th some other
road, and report at a subsequent meeting
1,aciflc » Caromlelet Branch.— Default
was male in
.1,7, »T! e r
tere8t
hB
mort g*g° bond- of the Pacific
Railroad r.
nailroad
off
fl
en
,™
.
v
°V
HT branch.
Missouri,
Carondelet
Montclnir & Greenwood Lake.-The
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.
Nebraska—This
road has been leased under a perpetual con& Missouri River Railroad in Nebraska
l tie Nebraska Railway wag formerly
known as the Midland
pacific, and now extends from Brownsville, Neb,
on the Missouri
Kiver to York, 133 miles. '1 he Burlington &
Missouri Company
in Nebraska has guaranteed $1,836,000
consolidated 7 per cent
mortgage bonds of the Nebraska road, and now offers
$.130 000
of them for gale to pay the cost of the 28 miles
of road from
Seward to York. The balance of $1,500,000 ar b to be exchanged
tract to the
Burlington
eighth quarterly allot-
will take place in the office of
official report of the traffic of the Pennsylvania Railroad
for the month of August, and for the eight months of this year,
as compared with the respective periods ia 1876 : On all lines
east of Pittsburgh and Erie the traffic for August of this year,
put up the road
for $1,485,047 as
premium bonds
Pennsylvania Railroad.— The Ledger gives the following
to $3,000,000.
He
Premium Bonds.— The
then have
from an
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,
in the sale.
for sule, subject to all six mortgages,
series of
of
Ohio & Mississippi.— On petition of John King, Receiver of
the Ohio & Mississippi Railroad, Judge Gresham, in the United
States Court at Indianapolis, has granted a temporary injunction
restraining the National Trust Company of New York from selling four hundred $1,000 bonds of the Springfield & Southeastern
road, and requiring the managers to show cause why they shall
not be punished for contempt. Judge Gresham set -the hearing
down for the first Monday in November.
Mr. Conrad Poppenhnsen, the father of the President of the
Island Railroad, has obtained a judgment in Loner Island
City against the Southern Railroad of Long Island for $874,307,
and against the Flushing North Shore & Central Railroad Co.
for $110,0!K), In both cases for money loaned, with interest.
were included, of course,
Orleans
many
the Administrator of Public Accounts, New Orleans, on Monday
October 15, 1877, at 10 A. M., at which time forty.five aeries will
be drawn.
Long
Green and others, amounting
335
Sedalia (Mo.) City Bonds.— The City Council of Sedalia, Mo.,
^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 tha
Conrt 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 $150,000.
Ihe 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 peculiarity of the
Atwood steel tire railway wheels is that the tire is held to its
place upon the centre by a packing of hemp, dispensing entirely
with bolts or rivets. For the purpose of experiment, at the recent 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 was 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 te 24£ tons caused the small wrought iron ring on
the outside of the wheel to sprintr off.
When the pressure was
further carried up to 50 1-5 tons, it caused the tire to move off
2J
inches on one side of the wheel and 3f inches on the other. At
a second experiment, a wheel was selected, which had also run
40,000 miles, in sound condition. To ihis a pressure of
63J tons
was applied, when the tire showed indications of moving less
than one-sixteenth of an inch. The experiments were considered
exceedingly satisfactory, and it is stated that a set of these
wheels, which have during the past winter and summer run
180.000 miles, under a sleeping car weighing thirty tons, have
fully demonstrated the perfect fastening of a steel tire to an iron
centre, decreasing the noise and jar, and also the wear and tear
upon rails and journals.
of
West Philadelphia.— The Ledger reports that the examination
the stock book of the company developes the fact of an over-
issue of twelve thousand shares. This amount, added to the legal
stock issue of the company of eight thousand shares, gives a total
of just twenty thousand shares.
This, at $50 per share, would
nuke one million of dollars, double the company's authorized
capital, of which, however, only $400,000 are subscribed and paid
for.
Wilmington & Reading.— This
railroad was sold some time
committee appointed by the first mortgage bondholders, under an agreement that each bondholder
should receive new bonds to the same amount that they held of
the 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
called, which meeting authorized the creation of a nrortgage and
the issue to the stockholders of bonds to the extent of $1,253,100.
These bonds are now nearly ready for delivery, but the company
has received notice that an 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.
ago, and purchased by a
THE
336
CTLTRONICLE.
Friday Night, October
N
OOTTO
&he Commercial Klines.
Friday, P. M„ October
"Tjom^Tercial epitome.
Thb Movement of the Crop,
5, 1877.
the past week, until to-day, has been unseasonably mild, and therefore unfavorable to general trade but it is
anticipated that the present lower temperature will bring about
The weather
XXV.
[Vol.
5,
1877.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
evening (Oct. 5), the total receipts have reached 70,040
bales, against 43,128 bales last week, 22,345 bales the previous
this
;
an
early further revival of business.
A
good deal of disappoint'
expressed by some regarding the volume of transactions
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
ani the more promising on that account. Besides, it should be
ment
is
for September.
hardly time as yet to feel the full effects of
Strictly
better incomes to farmers and the industrial classes.
staple goods sell fairly, but most people are yet unable to purchase what may Be dispensed with.
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given
remembered
that
week, and 12,109 bales three weeks since, making the total re1st of September, 1877, 153,111 bales, against
344,131 bales for the same period of 1876, showing a decrease
ceipts since the
for this
week
Receipts this
week at—
:
in
1877.
details of the receipts
and for the corresponding weeks
(as per telegraph)
of five previous years are as follows
1875.
1873.
1874.
1872.
it is
New
1876.
Oct.
tee.
Beef
and bbls.
bbls.
Pork
Lard"
tcs.
bales.
ToLacco, foreign
Tobacco, domestic
Coffee, Rio
Coffee.other
htads.
bags.
bags.
mats.
hhds.
boxes.
&c
Suear
SnSar
Bu^ar
Melado
bags, etc.
bhds.
hhds.
Molasses, foreign
Molasses, domestic
Hides
Spirits turpentine
Tar
Saltpetre
.
1,813
2,9116
250
187,000
48,882
47,534
9.000
112,000
35,841
49.712
3,02-i
6.1:09
1,851
2,f04
8,500
125
131,0(0
bales.
bales.
bales.
j a te
35,506
18.3S2
19,275
81,709
87,379
40,155
83 656
81,578
23,823
810,000
No.
4,2f;0
bags.
bbls.andtcs.
500
bags. 202,865
bags.
9.100
Rice E. I
Kice. domestic
Linseed
328
13,00
10,300
5,300
28,501
17,573
11,260
6,82«
10,117
9,362
8,050
3,824
9,146
12,198
18,992
16,133
19,S51
7,375
11,833
24,244
11.592
20,991
11,448
8,505
2,591
197
381
1,339
1,418
2,304
1,182
101
361
289
801
127
293
North Carolina..
Norfolk
2,439
5,314
2,720
1,781
611
2,359
20,689
14,375
20 J
7,160
8,4!8
Ac.
816
971
381
70,010
122,199
102,402
153,111
344,131
185,808
21,86:
426
1,192
17,507
17,562
23,7!
Galveston
12,81
15,772
Sept. 1.
115
Oct. 1.
..bbls.
bales.
bbls.
bhls.
bbls.
Cotton
Kosin
2.
2.064
16,6)1
12.829
10,668
35,405
23,319
4,429
20,576
49,724
S5.22S
118,248
1,250
5,373
9,619
.
Savannah
1877.
1877.
Orleans
Mobile
Charleston
Port Royal, Ac.
:
Coffee Java,
The
since Sept. 1, 1877, of 191,020 bales.
43,981
2S.898
19,561
34,378
83,824
70,116
27,092
113,803
2 3
Indianola, Ac...
Tennessee, Ac.
City Point,
5,45:
Total this week
1,278
386
1.54:
Florida
616
12,
:
:
;
;
Southern
bbls.
sold at 34^c@35c Rosins have 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
972
271
1,339
46,138
87,263
183,5!6|
318,038-
96,277
Total since Sept.
1..
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 as
Below are the
made up this evening are now 157,526 bales.
and exports for the week, and also for the corresponding
week of last season
stocks
Exported to
Oct.
this
Same
week
week.
1876.
Total
Week ending
Great
ContiFrance
Britain.
nent.
5.
New
Orleans*
Mobile
refiners
Stock.
11,979
2,075
178
1,397
8,455
9.110
12,215
Total since Sept.
27,299
1
222
33,646
7«.705
8,7 ;o
14.775
17.170
21,237
29,112
4->. 7 <7
38,358
33,434
62,419-
1,7:5
5,075
15,583
1,203
2,216
18,000
15,000
1,280
13,195
34,506
5,340
32.861
KH.f.Sii
1,208
Total this week..
1876.
17,204
10,212
Norfolk.
other port* J
1877.
10,071
1,102
157,526 295,074
* Hew Orlean*.—Our telegram to-night from New Orleans snows tnat toesiuei
above exponsj 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 tbe landlug and Id
presses unsold or awaiting orders.
t GalvtHton.—Our Oalvestou telegram shows (besides above exports) on shlu*
board at that port, not cleared: For Liverpool, 1,21)6 bales; for other foreign,
no bales; for coastwise ports, no bales; which. If deducted from the stocB.
would' leave remaining 15,998 bales.
X The exportB thi6 week under he head of "other no-ts" Include from Baltimore.
5^5 bales to Liverpool ; from Boston, 682 bales to Liverpool ; from Philadelphia, I
bale to Liverpool.
I
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is a decrease
In the exports this week of 21,011 bales, while the stocks to-night
are 137,548 bales less than tbey were at this time a year ago.
The following is our usual table showing the movement of cotton
at all the ports
from Sept.
RECEIPTS
SINCE SEPT.
PORTS.
1 to
Sept. 28, the latest mail dates:
EXPORTED SINCE
1.
Great !_
SEPT.
„„„ Other
;
;
7,4-38
25,43'i
310,958
2,6!5
11,836
13,000
121,700
67,402
46,181
3,079
1,305
13,050
850
133,100
12,000
5.859
15.780
43,335
16,3'JO
14,6
Jntebntts
49,382
85,767
Manila hemp...
There was a speculative advance in pork early in the week,
but to-day the market was dull at % 14 25@14 40 on the Bpot,
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 $8 80 for Dec. Bacon is scarce and held higher,
but cut meats are irregular. Beef and beef hams remain duli
and nominal. Tallow declined, but closes more active at 7f@7£c.
Butter lost l@2c. of the advance of last week, but cheese is
higher at ll@13ic. for fair to choice factories.
The market for Kentucky tobacco has been moderately active
and the sales for the week are 750 bhds., of which 600 were for
export and 150 for home consumption. Prices remain firm lugs
are quoted at 3i@5ic, and leaf at 7^@15c. Seed leaf met with a more
active demand, especially tbe better grades of Eastern, and the
sales for the week were 2,363 cases, as follows 100 cases sundries, 4 to 16c; 100 cases Connecticut, crop of 1876,9 to 18c;
1,353 cases Pennsylvania, crop of 1876, 8c, 10c, 15c, 17c, 17 Jc,
20c; 21c, 22c, 24c; 551 cases New England, crop of 1876,8c,
9e., 10c, 12c, 16c, 18c; 54 cases New England, crop of 1875,
17 to 22c and 205 cases Ohio, crop of 1876, 8 to 9c and private
terms. Spanish tobacco was less active, and the sales embraced
only 450 bales Havana at 80c@$l 10.
Bio coffee has declined a trifle, with only moderate sales
reported fair to prime cargoes quoted at li)i@20fc, and jobbing
Mild grades are uncbanged, with recent
lots 16J@22c gold.
sales of 6,241 mats Java,2,383 mats Singapore, 3,865 bags Laguayra,
Kice
sells in a steady jobbing way.
current
prices.
at
MolaBses
is extremely firm, as stacks are now quite small ; 50-test Cuba
refining quoted at 37@38c. Refined sugars have latterly been
active and firm standard crushed quoted at lie Raw grades
also have sold more freely and a firm tone is everywhere notice
able. Fair to good refining Cuba quoted at 6i@8f c.
The business in ocean freights has been fairly liberal, especially in chartering tonnage. Rates for berth room and grain
vessels have shown a slight irregularity, but petroleum vessels
Grain to Liverpool, by
continue to realise full firm figures.
steam, 8£d.; cotton, 5-lSd.; flour, 3s. 6d.; do. to London, by
steam, 3s. 6J.; grain, 9d.; flour, by sail, 3s.; giain 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
24,4'24
1877.
1876.
1
TO—
Coast-
wise
Total.
Stock
Porte.
forei'n
Britain
3,301
11,24-i
25,274
3,648
4,788
N. Orleans.
Mobile
10,903
41,296
3,301
5,9:0
15.310
....
Charlesl'n*
14,737
34,012
Savannah
25,941
48,978
Oalvestont.
15,400
46,719
New York..
191
2,134
76
789
76
N. Carolina
2,850
6,352
2,417
829
Norfolk J...
5,126
23,910
4,255
2,779
Other ports
1,862
2,402
Tot. this yr.
83,071
54.046
126,723
95,956
230,914
..
Tot. last yr.
221,932
....
....
....
....
252
4,06J
7,851
8,837
15,443
13,953
9.108
10,161
14,700
1,622
1,622
15,084
222
4,06)
40,146
1V93
435
19,8
11,831
44,3-1?
11,413
.6J
54.181)!
Included Port Koyal, Ac: nuder the head of
9ulve*ton\» Included Indianola, Ac: under the head of Norfolk is Included City
Point Ac.
These mall returns do not correspond precisely with the total of
•
Under the head of Charleston
la
limiting their offerings crude, in bulk, 8|@84c refined, in bbls., the telegraphic figures, because in preparing them it is always
Bold at 15^c for this month's delivery. American pig iron is necessary to incorporate everv correction made »i 'h* ports.
now quite firm, stocks being reduced; sales of 1,000 tons at
The market for cotton on the spot has been quiet, and prices
$19@20 for No. 1, and $17@18 for No 2 Scotch pig is dull, but somewhat irregular and unsettled. A revision of quotations was
firm small lots of Glengarnock sold at $25. Ingot copp3r has made on Monday, to base them on new cottons, according to
declined, with sales of 200,000 lbs. at 17|c Grass seeds lower which middling uplands were quoted at ll^c. instead .if 11 516c.
and more active at 9c per lb. for clover aud $1 40 per bush, for as on Saturday, and the better grades were generally reduced, as
timothy. Whiskey closed at $1 13*.
mav be seen in the annexed comparison
;
;
;
;
:
THE CHRONICLE
is;;.
Uplands. --
,
otton.
<
Ordinary
II...
in it
if.
exceptionally small, and especially so at New Orleans.
There
hits also been it disposition to reduce crop estimates
and yesterday, when prices weakened in sympathy with Liverpool, and
s at Mobile and Galveston -<vere in excess of the corresponding date last year, the later months maintained their position witli steaiiness.
To day, there was an active and buoyant
market, prices generally showing an advance of about 10 points.
The rise was maiuly due to an advance at Liverpool.
The total sales for forward delivery for the week are 259,000
bales, including
freeon board. For Immediate delivery the total
sales foot up this week (i,G0L bales, including 919 for export,
in transit.
5.601 for consumption, 81 for speculation, and
Of the above,
bales were to arrive.
The following tables
show the official quotations and Bales for each day of the past
;
—
—
ORLEANS,
Sat. .Hon. Sat. U.mi Sat.
Hon
Sat.
Ordinary ....« ». •X
Strict Ordinary
'".
Ordinary
in,
Strict Good Ord'ry. id*
Sept. 29 Oct.
1
Middling
1!
5-16
9-16
:i
13-16
ilr
:a 3-s
12 15- !6
i
Fair
I
Strict Ordinary.
2
».
..
9
Middling
Strict Low Mlldl'g
Middling
Good Mldd ing
Good Viddl'g
Strict
Fair
New
ioS
10X
\0H
11
» tt.
Strict Ordinary
Oood Ordinary
Good Ord'ry.
Low Middling
Strict Low MIddl'g
Strict
Middling
10X
OX
'.0
1-16
13-16
II
'•IX
1U-18
11 7-16 11
II 11-16
II 13-16 11 9-16
11-16
!1
lTl6
12*
15-16
12 5-16
13 1-16
tl'ed.
Tuen Wed.: Tnea Wed,
Oct.
Oct.
U
ioS
11
3.
2.
i2 5-16
13 1-16
Oct.
3.
10 1-16
9 15-16 10
10 5-16 ;ox
10 9-16 ioS
Oct.
12*
2.
Oct
11 1-16
"X
ux
11 i-16
UK
II
11
ux
11
15-16 12
12 9-16
Oct.
5.
10 13-16
;ox
II
10 13-16 11
11
11 1-16
II
UX
U
1IX
Middling..
Strict Got d MIddl'g
11 5-16
Middling Fair...
Fair
It 15-16 12
11
U
Quotations for new cotton began Oct.
11 S-16
It 5-',6
uX
5-6
11 7-16
II 9-16
12 1-11
in
Th.
Frl.
Oct. 5
Oct.
iox
ii-i 6
FrI.
4.
10 1-16
Oct.
5.
UX
UX
1-16
3-16
5-16
11
;i :-'.6
UX
12 1-16
12 11-16
UX
UX
nx
IX
n :i-i6
12
UX
ux
ux
UX
:i 1-16
11 3-16
I
x
5-16
7-16
11
11
UX
12 1-16
11-6
12
12V
Sept.29|Oct.
9K
9X
9X
10X
10H
13-;6h0X
10X
iox
10 3-16
10 5 '.6
Low
Middling
Middling
:0
MARKET AND
SUES OP
Spot Market
Ex-
Con-
sump-
Dull and 'aMer..
.
Monday.. Quiet. revls.- i[i:o
Tuesday
Pam la r.-.-;.lir:ji.
Wednesday Quiet, afdy. hUh.
rhurmUy ..
ilet. unc a gej
.
I
.
Firm, higher
11 U-t6
12X
1251
Oct.
3.
9 9-16
10 3-16
10 7-16
10 7-16
ulat'n
sit.
50
87
''"
2,015
2-5
1,631
319
5,601
44.100
r.-M
11-29
tM
00
4.,
Sno
500
u-3.
1,600
11-32
300
3
2.3(H)
1122
4,|.«l
n-a
nil
1
00
For October.
m
Dales,
eu.
cts.
i;-,8
11-01
1-03
1.06
S.'OO
KM
3.7iO
lOOs.n. 4 h..u-.«
11
do
n,
.
ou...
n...
1.
.00 ..
5) 9)0 total
•1.400
11-0M
S 11)0...
MOD...
HOT
l.'OO
1115
2.100...
..
BOO...
1.700 ..
600...
401...
..
..
t.i.e ...
..
..
a.i'jo....
1.-26
11-27
11-28
Oct.
:
2,087
6.601
"259.OO0"
u-.e
11-1
2-0J...
10-91
11-12
11-11
ll-il
2J0O
...
1 •".-
600
..,
l.-JJ
,.li'!|
ll-li
11-18
..u-.o
la
ii-'i
l.il
O
I)
1,00...,
2.200...
1,100 .
701...
300...
100...
.... 1I-.8
11-09
12KI
9.101
5.800
.
.
J.I"...
.
4,00
.
..
...1.10
....It'll
It'll
.
U-13
'566
'266
1,000
bales.
Cts;
1,910
1.400
10-9.
2.000
I. 100 ..
10-99
3 6 0.
SCO
1-97
IM6
...
1111
2/0)
.
...r-H
U-.a
Nov.
76.400 total
For December.
no
it-90
10-98
ion
640
11-00
11-01
<00
1,100
li-M
5*)'
U«
6.10J
I0-98
2
800
10-M
,
.
..
100
11-33
11-39
200
5S600 total .Inn.
...
1
U-44
MO
11-41
fOO
800
1117
11-71
m
nil
May.
For June.
March.
For April.
3,200 total i'eb.
The following
7i
11-5)
100
1'.-TJ
?,9iv total
7,100 total
U-35
11-60
.11-61
.
*0
II 50
11-51
100
.11-71
.11-31
.
100..
200..
.in
11-19
.11-8!)
.1110
690 total
June.
show the
closing market and prices bid for
future delivery, at the several dates named
will
:
UIDDLINS UPLA.XDS— AXBBIOAN OLaasiPIOATIon.
Market closed
Sat.
Quiet,
lower.
Q'llet,
11-03
10-93
10-93
11-04
10-91
October
11-10
10-97
10-96
11-06
November
December
January
February
lr;o
March
11-34
April
U-18
May
Hon.
Frl.
Higher.
:
June
Tranjf. orders.
11-61
11-71
11-15
103
4';0.X
lower.
Wen.
Tnes.
Firm,
Steidy,
h gher.
U"21
1111
higher.
irll
1101
Thurs.
Frl.
Lower.
Higher.
U-25
1118
11-01
11-11
11-21
TO
ii-i:
11-09
ll-li
11-33
-B
U-38
11
U-35
ii-sa
11-67
1110
II- 12
11 10
1T8J
lrl3
103
103
103
4 -.9X
10-91
11-01
U-9!
1119
U-3!
ll-li
11-29
11-47
11-60
11-72
11-44
4-80
4-79X
11-11)
11
II
11-16
1113
11
-a
11-89
11-49
11-60
11-71
11-86
11-13
11-39
11-71
11-86
11-W
U-25
112)
11-30
103
102
X
102X
1-7»X
4-73
IT
11-74
U-57
4-18
The Visible Supply of Cotton,
as made up by cable and
telegraph, is as follows.
The continental stocks are* the figures
of last Saturday, but the totals for Great Britain and <he afloat
for the Continent are this week's returns, and consequently
broughtdown to Thursday t vening; hence, to make the totals the
complete figures for to-night (Oct. 5), we add the item of exports
from the United States, including in it the exports of Friday
only:
1877.
1876.
18:5.
1874.
8tocK at Liverpool
Stock at London
535,000
691,000
689,000
691,000
23,250
31,250
65,000
114,500
Total Great Britain stock
Stock at Havre
Stock at Marseilles
561,250
725,250
734,000
805,500
178,500
197,250
183,250
159,750
8,500
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other continental ports.
4,'
51,500
00
4,250
13,C00
48,000
60.25C
•
62,000
11,750
11,000
12,750
17,000
57,750
50,000
36.500
37,750
30,500
62,750
56,000
&7.000
11,000
16,500
10,000
23,000
6,750
17,000
7,000
9,500
9,750
14,750
10,000
21,000
Total continental ports
369,000
435,250
367,750
411,250
930,250
1,160,500
1,101,750
1,216,750
130,000
210,000
301,000
322.000
American cotton afloat for Europe
28,000
Egypt, Brazil, *c, afloat Tor E'ropa 17,000
Stock In United States ports
157,526
Stock In U. 8. interior ports
16,408
55,000
45,003
35,000
18,000
25,000
209,424
37,000
S09,:68
55,930
85,168
12,000
4,000
295,074
31,920
1,000
6,000
Total visible supply. . ..baies.1,280,134
1,8.6,494
totals of
m
"
1,72\101
American and other descriptions are
Liverpool stock
270,000
308,000
284,000
Continental stocks
274,000
283,000
161,000
28,000
55,000
45,000
157,528
295,074
209,424
16,408
31,9-20
15,930
1,000
6,000
12,000
American afloat to Europe
Dcited States stock
United States Interior stocks
United States exports to-day
Total American
bales.
Batt Indian, Brazil, <tc.—
Liverpool stock
1,:89,681
>s follows:
746,931
983,934
739,354
673,931
265,000
833,000
885,000
502.000
London stock
26,250
84,250
65,000
114,500
Continental stocks
India afloat for Europe
V5,000
147,250
101,750
•240,2:0
130,000
210,000
SOi.000
222,000
17,000
18,000
25,000
37,000
Total Bast India, Ac.
533,250
822,500
980,750
l,!i:,750
American
746,981
983,991
739,354
673,991
,806,491
1,720,104
1,789,681
Egypt, Brazil, *c.,afloat
Total
u-oo
.
I, '".
1-91
10-96
..
ct«
l.i>
6.500 ....
t
10- (4
1.8
bales.
..
.11116
11-07
i;- 8
1109
.ms.n. 1st ..11-10
5.900
1110
too
'or November.
1.00 ..
..»
tl-.ll
.
\
21
1113
ii-a
1,501.
»•...
ll-il
11-19
400
11-21
1.6
U-Sf
400
S X>
23.101)
For forward deliv»ry, the sales (including
free on board)
have reached during the wiek 239,000 bales (all middling or on
the basis of middling), and the following is a statement of the
•ales and prices
4,H09
11-18
1.-I9
11-10
11-28
200
100
American—
eries.
39.900
47.900
51.700
50,300
81
200
800
nil
11-16
Of tbe above, the
Deliv-
Sales.
456
721
587
2,372
372
"ii
450
9X
PtrruRKS
Total.
456
6S1
5.
10X
10X
13-G IOX
10 13-16 10
10k
Oct.
4.
9 9-16
10 3-16
1115
1113
Apru.
For May.
l.»uo total
l-'rl.
SALES.
Spec- Tran-
"is
m
Th.
SPOT A.VD TRANSIT.
port.
Closed.
Saturday
Oct. 2. Oct.
1.
100
100
United States exports to-day
Wed
S00
800
Il-Jl
Total European stocks
1.
Hon. Tnes
Il-M
Il-ll
India cotton afloat for Europe....
STAINED.
Sat.
ll-i»
11-63
10X
10 7-16
10 7-16 IOX
iox
10 U-:6 I0*
u-;6 10V
I0X
10 15-16 10X
10 15-16
11 9-16
11 15-16 12
12 '.'-11
'.2X
12X
7-16
UX
io
10 13-1I
3-16
5-16
4.
IC 1-16
UX
9-16
'.1
Th.
FrI.
Oct.
4.
IOX
li'S
3-16
12 1-16 12
12 !'.-!« 12X
12X
9 15-16 10
10 5-16 10X
111 9-16
iox
io
11
1!
ul-16 liX
Th.
Frl.
Oood
UK
lis
Oct. 5. Oct.
1.
3-16
3-16
5-16
u
1-16
II 3-16
11 5-16
11
11 .-18
l'-X
11 15-16 l'X
12 9-6 I2X
9 15-16
10 5-16
10 9-16
'.OX
10 15-:6
11 1-16
II
m
810
__100
3.
10 1-16
10
il«
1.-3!
11-14
11-33
11:17
11-43
11-11
200
12
OH
Oct.
Ordinary
iox
II
Th.
Cotton.
1.
:o
10 7-16 10X
10 7-16
10 9-16 ;ox
10 11-16 10X
10 11-16
1'iV
10 11-16 10*
10 13-16 10K
10 13-16! 10X
15-16
1-16
10 15-16
It
10
11
11 1-6
W
Middling Fair
ll-'.f
10 5-16
in',
Good Ordinary
10M
Strict Good ord'ry. 10 11-16
Low
10
UX
UU
:i^-:6
ux
2.
»
Hon.
Sept.29 Oct.
10 11-16
11-1S|10\
Tom Oct.
Wed. Tnea
Oct.
S.iOct.
Cotton.
Ordinary
1.
11
MIddl'g
Mlihllln--
New
10
Idl'g
Middling
Sept. 29 Oct.
1.
9X
10 16-16
Low Mi
|N.
I0«
10H
;
(-00
u-7
1134
11-31
11-09
•exchange ....
Seot.2» Dot.
'
1,010
2.OO0
i.'«w
J.'OO
1.100
l.-Jl
!Ol
IM)
IW
W,
111!
liol.l
:
".Sew Cotton.
Strict
900
100
1,800
100
111!
400
7.0
1,1
eta.
haii-s.
....11-80
100
with favorable Liverpool advices, the market was again
l-16c. higher; the business was mainly for home consumption.
For future delivery, the fluctuations have been frequent, with
considerable excitement, but, in the aggregate, the changes
Liverpool has been fairly active and
have been unimportant.
advancing, and receipts at the Gulf ports the most of the time
ALABAMA.
For March.
eW.
Kales.
««l
,
1,4)0
ii-o;
His
1I«
1*X
low mld....llX
UPLANDS.
bain.
Oi
3,800
II
v.
Low
.'
Il-o-.
"X7-16
11 10-16
For Febrnary.
co,
eta.
11 i'4
(hi \\ '. .inesday there was an advance- of 1-lGc, there having
pretty liberal business for home consumption, and a
better market at Liverpool; but yesterday wag quiet and easier.
week
iialas.
X
I
.
Fair
.
Strict
New
Cotton.
Strict
10>J
ord'ry. lOJi
...10 15-13
,
Old
Middling
11 5 11
d middling .11 9-16
good mid... 11 13-16
12 8-16
Middling fair
9%
good
Upland!.
,
Cotton.
New
Old
337
Total visible supply. ...bales.1,180,184
Price Mid. Uplands, Liverpool
. . .
6,xd.
!
5«d.
6»d.
si.
.
2.3IKI..
1
J. Ill
11-12
1.600..
3,500..
1111
2,500 .
l.SOJ..
46,100 total
-11
ll-il
1115
11-16
Dec.
For January.
I'M
MO
.
11-00
10-91
10-93
l.tOO .
1,700..
11-02
I0-.6
810..
in*
U-t'l
These figures indicate a decrease In the cotton in sight to-night
of 52',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 aa oompared
with 1874.
At the Interior Ports
the
—that
movement
is
the receipts
and shipments for the week, and stock to-night, and for the
corresponding week of 1870— is set out in detail in the following
statement:
THE CHRONICLE
338
Week
ending Oct. 5
Receipts. Shipments.
Augusta,
Ga
Montgomery, Ala
728
613
829
19,239
14,630
1G.4C8
37,6'J3
26,602
31,920
2,334
561
1,863
1,605
12S6
1,666
231
486
1.70J
1.829
1,617
1,651
188
2,324
1,396
464
8 '6
315
2,387
1,553
1,914
403
790
94
410
8,311
353
800
509
3,304
325
1,035
l,7i,8
17,199
12,593
13,312
36,438
27 228
29,720
..
Vicksburg,MIss
Columbus, Miss
Griffin,
470
2,520
572
Ga
Charlotte, N.C. ....
Total,
new
port*
Total, all
1,365
2,968
2,215
3,958
2,523
2,302
538
2,739
4,749
1,065
3,650
1.C47
5,050
1.592
1,800
2,493
1,052
Shreveport, La
lowest 69.
644
540
3,251
6,t67
19)
900
1,861
2, 76'2
4,230
2,076
808
1
3,320
hundredths.
Selma, Alabama.
870
5,039
1,193
1,085
1,038
£96
3,198
4,492
28,077
20,887
25,128
65,700
47.489
57,048
damage during
—
Weather Reports by Telegraph. Generally speaking,
the past week has been quite favorable for developing and gathering in the crop. This is especially true with regard to the
A storm, however, has
western and southwestern sections.
passed up through the Atlantic States, with a rainfall at many
weather
seems to be followpoints of a little over an inch. Cold
ing the present rain, as our correspondents report frost near
Memphis last night, and also at Columbus, Mississippi, but not
—
There has been no rainfall this week, and
progressing finely. The prospect is unchanged. The
thermometer has averaged 78, the extremes being 69 and 87.
The rainfall during the month has been thirteen inches and
eighty-five hundredths.
have had a shower on one day of the
Indianola, Texas.
week, the rainfall reaching seven hundredths of an inch.
highest 93, and lowest 66. The
Average thermometer, 79
crop in this section will be the smallest for many years. There
has been a rainfall of two inches and forty-one hundredths
during the month.
Corsicana, Texas. It has not rained here all this week. The
thermometer has ranged from 52 to 98, averaging 75. Accounts
from the interior are conflicting as to the yield, but there is
hardly a leaf left on the plant. The rainfall for the month is
two inches and thirty-three hundredths.
have had no rain all the week. Picking
Dallas, Texas.
is progressing finely and will close early, but still it is thought
that the yield w'll exceed last year. Average thermometer, 78
The rainfall during the month has
highest, 84, and lowest, 54.
been four inches and twenty five hundredths.
PickiDg
is progressing finely, but the top
Brenham, Texas.
The thermometer has avercrop will be poor, almost nothing.
aged 81, the highest being 94, and the lowest 67. There has
been no rainfall during the week. The rainfall for the month is
eighty hundredths of an inch.
New Orleans, Louisiana. There has been no rainfall here thiB
week. The thermometer has averaged 77. The rainfall for the
month is sixteen and thirty hundredths inches.
Shreveport, Louisiana.
The weather continues favorable for
picking, and there is very little change from last week to note.
There has been a slight advance in the price of picking some
damage was done by the recent storm, probably as much as 3 per
cent to open cotton. Average thermometer 69; highest 89 and
lowest 49. The rainfall is thirty hundredths of an inch.
Vicksburg, Mississippi. It has not rained all the past week.
The thermometer has ranged from 57 to 88, averaging 74.
Columbus, Mississippi. The rainfall during the week has been
eleven hundredths of an inch. Crop prospects continue about the
same as last reported, and picking is progressing slowly. We
have had a frost this week, but not a killing frost.
The weather was clear and warm un
Little Rock, Arkansas.
to Wednesday evening this week, when it clouded and the wind
changed to the north. Since then it has been clear, with cool
Average thermometer 72, highest 95 and
days and nights.
lowest 44. Cotton picking is progressing favorably.
The weather during the week haB been
Nashville, Tennessee.
warm and dry and exceedingly favorable.the thermometer ranging
from 58 to 80 and averaging 69. There has been no rainfall. The
rainfall during the month has been five inches and thirty-eight
hundredths.
picking
is
— We
•
;
—
— We
;
—
—
—
;
—
—
—
—
— There
has been no rainfall this week.
nights have been cold.
Opening and picking progress slowly. Average thermometer 72;
highest 86 and lowest 52. There was a froBt in the country near
here last night, the thermometer touching 42, and considerable
Memphis, Tennessee.
The days have been warm, but the
killing was done.
Mobile, Alabama.
—Two
late weeks.
days of the week have been cloudy,
and it has rained severely on one day, the rainfall reaching one
inch and ten hundredths, but the rest of the week has been
pleasant.
As the week closes there has been a favorable change
in the weather.
Accounts from the interior are conflicting.
Picking has been interfered with by the storm and recent inclement weather.
Average thermometer 74; highest 86 and
—
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.
have had heavy and general rain the
Augusta, Georgia.
earlier part of the week on four days, the rainfall reaching two
inches and thirty-six hundredths, but the latter part has been
Picking has
clear and pleasant. Accounts are about the same.
been interfered with by the storm. Planters are sending their
cotton to market freely. The thermometer has averaged 73, the
highest being 85 and the lowest 65. The rainfall during the
month has been four inches and nine hundredths.
Charleston, South Carolina. It has rained every day this week,
but, as we write, there has been a favorable change in the
weather. Average thermometer 75, highest 84 and lowest 67.
The rainfall is one inch and ninety-six hundredths.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
give last year's figures (Oct. 5, 1876) for comOct. 4.
Savannah, Georgia.
year.
frost.
—
—
totals
Galveston, Texas.
—
— We
that the old interior stocks have
4,603 bales, and are to-night 15,512
increased
period last year. The receipts at the
bales less
game towns have been 13,381 bales less than the same week last
a killing
twelve and sixty eight
—
show
during the week
than at the same
The above
is
—
,';00
954
month
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 of this section will be about
two fifths less than last year.
Macon, Georgia. Telegram not received.
have had a shower on one day; it has
Atlanta, Georgia.
rained 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 lowThe rainfall during the month has been three and nineest 65.
teen hundredths inches.
Columbus, Georgia. It has been showery two days this week,
the rainfall reaching forty hundredths of an inch. The thermometer has averaged 71. Crop reports are less favorable than
they were a few weeks since, the plant having suffered much
1,330
690
rainfall for the
XXV.
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.
The rainfall during the month has been four inches and seven
2«9
4,180
The
hundredths inches.
Montgomery, Alabama.
5,669
2,446
3,873
4,202
4,066
10,885
348
Nashville, Tenn...
Tex.
7,300
2,6^3
8.326
2,869
3,031
3,019
2,801
2,206
3.275
2,980
37
Memphis, Tenn
Total, old ports.
Oct. 6, 1878.
53
1,061
1.476
2,272
3,956
.
Week ending
Stock. Receipts. Shipments. Stock.
9,188
3,44
4,267
4,320
4,581
11,095
Selma, Ala.
Jefferson,
4,023
4,172
2.547
Columbus, Ga
1877.
[Vol.
—We
—
We
parison:
,—Oct.
Feet.
New Orleans.. Below high-water mark
'77.^
Inch.
4.
^-Oct.
Feeu
5,
78.—.
Inch.
1
10
Memphis
3
4
4
16
Above low-water
Nashville
Shreveport. ...Above low-water
1
9
1
4
1
6
7
10
8
24
11
Above low-water mark
mark
mark
Vicksburg... .Above low-water mark
Missing.
—
India Cotton Crop and the India Famine. A correspondent writing from Mobile asks us the following, which covers
points others of our readers may be interested in.
" Will you please inform us, through your valuable paper, if
the present famine in India embraces any part, or all, of the
cotton-growing belt; and, if so, how far the plant is advanced at
G. G. & Co."
this time of the year ?
This inquiry appears to raise three questions, and we answer
them
in the order they are suggested.
The famine referred to was last year and is this year in
Southern India, and confined, we believe, almost, if not entirely, to
the Madras districts. There has been this year, during August,
much anxiety felt because of the small rainfall in almost the
First.
whole cotton section but the last week in August this was relieved >
as our Bombay cable despatch of August 31 showed. During
that week the country around Kandeish, the Berars, Guzerat, &c>
the rain was heavy and continuous, and the crop prospects,
therefore, in all that region were, at our latest advices, excellent.
Other rains have fallen since, and it is now, we believe, only in
The total exports
the Madras districts that the drought prevails.
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
weight. In 1876 the imports into Great Britain from Madras
Of course the famine has not wholly
were 167,410 bales.
;
destroyed the production in this section, but only curtailed it.
Last year's famine will result in a decrease of the shipment from
Madras during 1877, according to the best authorities, of about
100,000 bales.
Second. The new season in India begins with the monsoon,
which usually breakB in the Central Provinces about the 15th of
June, and continues, with interruptions, for about four months.
It is considerably later in the Madras districts. The cultivators in
the Central Provinces prepare the soil early in June, by running
over it the " bukhur," a light, native grubber, and sowing operations being immediately after, or on the first subsequent break
This is the case in the earliest India districts;
of fine weather.
elsewhere the planting is continued all along to and into October,
and sometimes even
later.
result of the above facts, the present stage of
growth of the plant may be easily understood. In some places
the seed is not yet in the ground, and in others the plant is well
Third.
As a
advanced. The planting in the Madras districts averages, we
But the shipments from that quarter
believe, about September.
are already reduced to so low a point that the present famine
cannot in any event materially affect next year's supply.
OCTOBER
1877.
6,
THE CHRONICLE.
|
Bombay Siiii'mbkts.— According
ourcable despatch received
to-day, there have been
bales shipped from Bombay to Oreat
Britain the past week, and 3,000 bales to the Continent while
the receipts at Bombay during this week have been 1,000 bales.
The movement since the 1st of January is as follows. These are
the azures of W. Nicol & Co., of Bombay, and are brought
down to Thursday, Oct. 4
339
to
the " 8 ,hi P menta
Im follow. :" °'
are
'
*"«««*
:
.-Shipments tula week-,
Great
Con-
.-Shipments ilnce Jan.l-,
Oreat
Con-
Britain, tlnent. Total.
8,000
3,000
3,000
11,000
11,000
1877
1878
1875
Britain,
376,000
551,000
801,000
tlnent.
Total.
411.000
788,000
373,000
92. .000
415,000 1,213,000
From
>
—
\
the foregoing it would appear that, compared with
last
been a decrease of 11,000 bales in the week's shipments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of
136,000 bales
compared witn the corresponding period of 1876.
year, there has
;
:
Stock 1 n
New York and
Boston
Sailedfor United States to October
fixpected shipment during October
Totalsopply
?;'!,'„
i$'2Jx
''''''*''"'"'"''
1
So'oOJ
March 1, 1878
^ToOO
There are no lots being forced, and this "has
a"tendency to
rates steady. To arrive, parcels of new
can be had at 2|c.
to
,
»
Thk Exports op Cotton from New
Increase,
lcrease. as
York, this week, show
compared with
last week, the totafreacUinir
total reaching 10
II 1
i,
against
gainst 2,968
2.968 bales last week.
Below we give our usual
e
rta
coUon
e
f
York, and the!r
.?' .
.
r°
direction for-each of
the ,last four
weeks? aiso'the^total^xports'
%*t^r;« J}f
m New
AP°
and
direction since Sept. 1, 1877; and in the last
lor the same period of the previous year:
Bzporca
of CottonCbalea)
column the
total
Same
Sept.
Liverpool
Other British Ports.
Total Co
Oct.
19.
26.
3.
J,4*i0
1,101
2,963
9,110
1,101
2,908
9,110
Sept.
1,685
Britain
<;t.
Sent
12.
4,013
Havre
H,^ i;i
period
prev'ut
date.
year.
17.686
1,535
2X541
Ok
,
I
t
Bremen and Hanover
Hamburg
d.
too
1S5
900
1.108
Total to N. Europe,
3,900
1,102
5,162
1,285
Tuesday.
.
.,
Friday
Market
all others
4c...
New
24,655
PBILADlLP'lA
Since
1.
This Since
week. Septl.
13,244
5,014
9,895
!36
Sept
898
2,381
Florida
B'th Carolina
N'tb Carolina
Virginia
North'™ Ports
10,212
Tn^
2,964
,..
Savannah....
Mobile
I
3U9G
New
Hiw TOBK.
Orleans.
Texas
2.968
reC eipt 0t Cotton at
York . Boston,
?
Baltimore ,for the
past week, and since Sept. 1, '77:
This
week.
This
Since
week Septl
BALTIMOBX.
This Since
week. Septl
Tennessee, Ac
Foreign
i7>
727
948
19
Total this year
13, 471
Total last year.
X
X
X
X
X
X
ac
—
—Q—
—@
c.
c.
— comp.
— comp.
— comp
— comp.
— comp.
— comp.
comp.
comp.
comp.
comp.
ramp.
comp.
Livkkpool, October 5-4:30 P.M.— Br Cablk
from LmntPOOL.— Estimated sales of the day were 18,000 bales
of which
2.000 bales ^vere^f or export and speculation.
Of to-day's sales
9,650 bales were American. The weekly movement
Is given as
follows
Sa'esof the week
bale?.
Forwarded
Sales American
of which exporters took
of which speculators took
i'qoo
51,000
,,.,
Amount afloat
Sept
5,'oco
740,000
'.
4-14*000
4051666
'....
11,000
9*000
93,000
3,000
6,000
96,000
16,000
bWO
'
H3000
,
Oct
28.
78,000
11,000
45,000
7.0C0
9.0X)
588,000
633,000
807,000
353,000
24,000
6,000
7,000
77,000
14,000
3.000
4J.0O0
5,000
14.000
690,000
7 000
Total Btock, actual
do
estimated
of which American actual
do
do
estimated.
Total import o»the week
of which American
,
Aclualexnort
Sept. 21.
83,000
84 000
5.
77.000
10.000
43,000
5,000
7,000
585,000
270,000
8.000
5,000
5,000
S8.000
so.ooo
of which American
16,000
Thefollowlng table will show the dally closing prices of
cotton for the vwk8 *tar Mon.
Tues.
„,.*«';,.
Wednes.
Thurs
@««
8
."?.
IIJRS
M
n8
"B °n
*
wSstat"ed.
-®8x
he b "'"", ° f
.,
S
Nov.-Dec.
.
»t
Oct-Nov.
TJp,Ilnd8 '
••©<•*
Low
®6k
--®6«
..$«£
::©6«
Middling clause, unless other-
Dec. -Jan. delivery.
I
6Vd
Oct-Nov. Bhtpmt, new crop
G*d.
6Vd
sail
Nov. -Dec. shipment,
croo sau,
P u, <- 1 ". new crop,
sail'
delivery, 6 9-32® >*d.
a
••©<•'•'
•«>*
Saturday.
o
-. j ,Sept.
delivery, b D-16a<l-32d.
.Sept. Oct. delivery, 6 9-32d
ct -Npv- delivery,
Fn
•® 6 «
••§'*
® 8*
&«°™
8js<d.
|
MONDAY.
„
delivery.
6*d.
I
Dec. -Jan.
shipment
ymcl"
new
crop, sail.
new
crop, sail.
6 9 32.1
|
sail,
|
Nov. de'ivery, 6^d.
Oct. delivery, 6!id.
Nov. delivery. b#d.
Oct.-Nov. delivery.
Nov.-Dec. delivery, ejfd.
Dec.-lan. delivery, 6Xd.
Jan -Feb. delivery, 6Xd. •
Nov. delivery, 6 9-82d.
Nov.-Dec. delivery, 6 9-32d.
Oct.-Nov. shipment, new crop, sail,
Jan
Oct.-vov. delivery, 6 9-32d1
Dec-Jan. delivery, 6
9-32d.
Jan.-Feb. delivery, 6 9-iid.
Nov. delivery, 6 5-16d.
Sept -Oct. shipments,
new
crop, sail
6 5-16d.
"
Oct.-Nov.
Nov.-Dec.
Dec. -Tan.
Jan.-Feh.
Jan. -Feb.
WKDNE9DAT.
delivery,
delivery,
delivery,
delivery,
D
6 ll-SJd.
6Ji@ll-32d.
shipment,
new
delivery,
Jan
C
fl
6 ll-i2d.
6 ll-32d.
'
ii
,lli
P meut' ne w crop,
Oct.-Nov. shipment,
6 ll-32d.
crop. sail,
6«d.
Nov. delivery, 6 7-16ai3-32d.
new
sail,
crop, sail.
Nov. delivery, 6«d.
6}.'d.
Oct
Feb. shipment,
6 5-16d.
6VC
Thursday.
Nov-Dec. shipment, new
I
I
Oct-Nov.
Nov.-Dec
Dec-Jan.
delivery, 6><d.
delivery, 6 18-35d.
delivery, 6Xd.
Jan.-Feb. delivery, 6^(d.
Sep. -Oct. shipments, new crop sal),
omitted, 6 7-lCd.; sail, 6 ll-32d.
Oct-Nov. shipment, new crop, sail
I
I
I
6Xd.
crop, sail.
Dec. -Jan. delivery, 6 13-32d.
Dec. -Jan. delivery, 6 13-32d.
Oct-Nov.
Dec-Jan.
Oct-Nov.
delivery, 6 13-32d
delivery, 6Hd.
delivery, K&d.
Nov.-Dec. delivery, 6 2-3tt.
1,522
550
117
S81
S87
1,7*6
OO'S
858
3,783
2,467
10!
801
143
911
406
CM
2,968
6.944
627
1.330
1,7.36
3,412
81,143
2,161
6.661
HI
2,064
l,6t»
3,528
41,
38,810
comp.
Oct. delivery. 6 7-!6®15-33d.
Nov. delivery, 6 7-16d.
836
2,411
X
X
X
H comp.
X
5-16j}j*
quiet.
comp.
comp.
comp.
comp.
comp.
comp.
|
974
8.S63
5'.6
X
V
X
.
c.
6 13-321.
£.21
"is
4,60i
411
1,592
165
c.
'.i
Wedn'day.
Thursday 5-163,'f
— —
,
d.
6Xd.
Bpain.OportoAGlbraltarac
1.195
——
as tollowa
-Havre.
,
Bremen.Hambarg.-,
Steam. Sail. Steaa.
Ball. Steam.
Sail.
TnieBAT.
ISO
5*66-"
Grand Total
week have been
—&x X com p.
-®x X com p.
comp.
-®x
-a* X comp.
.
.
In
'or New York, put into Charleston
having encountered heavy wind*.
•
3,567
3,900
BKCX'TS FROM
,
Liverpool.
Steam,
Sail.
Monday.
t
m N ew Ori<"""
Nov.-Dec. delivery, 6Kd.
0(* t.•"."? 0T shipment, new crop,
311
Other ports
PhTlal'fn&S
WuladelDhiaand
'r »
p. M., for caal,
Cotton freights the past
Saturday
New York
12
4c
'
T ET
S8 p"»?lb,
*S^
sept,
u
r.
19,271
lua
1,103
leaving
0U th " 14th 8rU0k th0 ** te ' 8nd "Bstalned damage
tS
222
Total French
Total Spain,
'? l!:
r?
6Jtd.
91
Other French ports. ......
Total
to
73S
ss
102
103
...'.V.'.'.v/.'.'..'.T'.'.'.l
11,805
e9
WXZS ENDING
10.JI2
1,851
739
'.
propclloT
,
BIPOBTSD TO
Total.
1,103
all news received to date of
disasters '
vessels carrying cotton from United States
ports:
E ° TP
r <Br),
r
* ni at Llve T>ool Sept.
from
1
from New York aince Seot.l 187T
!.".'...'.'.'.'.'"
Below we give
Ginnv
Bags, Bagging, Etc.— Bagging still rules very
quiet
and the business doing is of a trifling character. There have
been no inquiries for ronnd parcels, and the tendency is to
easier
neii.vs
a parcel of staudard quality can now be had at
124-c
yrith light weight held at 12@12ic.
There have been sales dur'
ing the past month to go South of about 15,000 rolls.
Butts are
not moving, and the qufcet market is still undisturbed
The
demand is only for small parcels, and no inquiry is to be
noted
We hear of no sales of moment, and prices are unchanged
holders quoting 3i@3±c.
The deliveries for the past month
have been 9,156 bales, and the jtock on hand is as follows
to
October 1
fonn,
Cronsladt.
9,1ft
1,851
.'
Tolal
sine e
Jan.
2,000
M8.OT0
7.000 1.010.0PO
8,000 1,210.000
Liverpool.
New York....
Now Orleans
Baltimore
Boston
Philadelphia
Receipts.—
Ttala
week.
o« u.tt.1
1»
i
;
I
Oct.-Nov. del., 6 18-S«@7-16@15-32d.
Nov.-Dec. delivery, 6 7-16d.
Dec-Jan. delivery, 6 13-32®7-16d.
Jan.-Feb. delivery, 6\'d.
Sopt.-Oct. shipments, new crop, sail,
omitted, 6 7-16d.
Oct.-Nov. shipment, new crop, sail.
I
1
I
I
I
i
6 13-32d.
Nov.-Dec. shipment
6 13-3M.
Nov. delivery, 6^d.
new
crop,
** sail,
I
I
Oct-Nov. shipment, new crop,
6 7-16d.
Nov.- Dec. shipment,
new
sail
crop, sail.
d ,-16d.
Dec -Jan. shipment, new
6*^6d.
crop, sail,
Jan.-Feb. shipment,
6 15-92d.
crop,
Nov.-Dec
Nov.-Dec
new
rail,
delivery, 6 15-35d.
delivery, 6 7-16d.
Feb.-Mar. shlpm't, newcrop.sail, 6Wd
Jan.-Feb. delivery, 6 i;-32»7-18d,
BRE ADSTUPFS.
FaiDAY. P. M.. Oct.
Include the manifests of all vessels
cleared up to
night of this week.
N 'w
The
Wednesday
|^7^^:^ ^^ °^}&^^
Wyoming,
T.. I'mnstadt, per
I - Iv
steamer Hindoo
1,102.
per 't™ "" Hibernian
^ p001
Per "' '"ner M »»»«liu-etts
ii-^i
-
739
<!
»*-w.r—uii
(,0. r>j
63......
r
f S°m*
lo
Lirerpso per
Liverpool,
DDT steamer
Itnm» Baruary,
H«^K..i 10».
,n.
...'.'.'.'.'.'...'.".'.
Bo«T^? Tn~;^-
P mivoriFS^ —
iniLADKi.rniA
e°-
a
3;:«3
'
I
9,110
1,102
1,851
139
fiq
1
.
lot
Total.
5,
1877.
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 4036 65—such
Hours as but recently brought $7@7 25-and
buversfor Great
Uritain had limits for common extras reduced to
$5 75rd5 85 bnt
flour
at these figures little
could be obtained in fact, the decline'
baa
been most conspicuous in the medium and better
grades
Pro
dnctionhas been greatly increased, and with the check
to the
upward course of prices, home buyers, as usual,
imtnediatelv
withdrew.
To-day, there was a steadier but a ra>her
Quiet
"i *""
market.
;
1
12,967
•
THE CHRONICLR
340
There Las been an irregular decline in wheat. With the termination of the " corner" on contracts for No. 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@1 33. At these
prices there was an active demand, to fill freight engagements and
from local millers, but very liitle new export business was entered 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 market was 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@1 43£ and, at the secoud call, at
$ 1 45i@l
*
46.
Indian corn was depressed early in the week. It was neglected
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}@60c. for Nov.
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 80c. for Canada West, owing to the weather being too
mild for malting, but the close, with seasonable weather, is
We
steadier.
Oats have been less active and close at some reduction of late
prices No. 2 at 34£(S>35c. for mixed, and 37±@37ic for white.
The following are the closing quotations:
—
Floor.
So. 2
Superfine State
ern
&
«
003
bbl. J3
4 25
West-
4
850
extras
5
803
do winter X and XX..
do Minnesota patents..
6 35a. 7
5 90® 7
7 25a 9
5 653 6
doXXandXXX
City shipping extras. ....
City trade and family
brands
Southern bakers' and family brands
7 75
6 753
6 003
Rye flour, superfine
4 253
Corn meal— Western, *c. 8 703
Corn meal— Br'wine. &c. 3 353
8 01
6 65
4 75
3 10
7
Southernshipp'gextras..
1
...
403
403
473
673
1
1
1
1
1
1
58®
®
Southern, yellow
Rye
683
Oats— Mixed
82.3.
White
353
Barley—Canada West... 67>s®
36
48
85
85
633
Canadian
I
623
market has been
1
IS
10
as fol-
:
,-— RECEIPTS AT ««W TORK
Same
1877.
Since
time
For the
.
.
91,011
3,025
Com,
". 1,016,494
Rye,
"
.
Barley. "
Oats...."
.
.
92,997
231,9:9
330,186
,
,
187«.
.
For the Since
week. Jan. 1.
8,190.952 2, c 25,355
31,837
936,704
175,847
141,893
7S5
165,875
9.020.033 19,011,147 1,319,224 9,435,066
26,576.737 18,976.458
564,922 19,129,762
1,199,310
863,755
112,659 1,503,066
2,782,013 2.647,230
533
803,166
7,886,192 8,682,810
80,199
150,244
33,782 1,449,345
112,821
2,6S9
275,S92 19,347,598
583,006 13,176,675
21,095
784,121
.
..
9,185
150
457,995
Jan.
Wheat, bns.i, 385,801
1877.
.
For the
1
1.
week.
Flour, bbls.
C. meal, *'.
HEW YORK.
EXPORTS FROM
„
1876.
1.
Since
week.
Jan.
The following tables snow the drain in sight and the movement of Breadstuffs to the latest mail dates
RECEIPTS AT LAKE! AND RIVER PORTS FOR THE WEEK ENDING
SEPT. 29, 1877, FROM JAN. 1 TO SEPTEMBER 29, AND FROM
.
AUG.
Flour,
At—
Chicago...-
.
—
.
TO SEPT.
29.
Corn,
bush.
bbls.
bush.
(196 lbs.) (60 lbs.)
(56 lbs.)
33.586 1:011,083 1,301,710
30 050
52,069 1,606,015
„-
Detroit
2,847
321,734
3 229
39,5?5
1,980
264,176
9,600
203,745
135,700
147.RS1
127,108
112,055
107,395
3.582.59R
2,997,851
1,798,091
2,167,070
1.9R5.71S
1,959,258
3,020,916
1,188,833
1
...
Previousweek
Corresp'ngweek.'76.
"
1
Wheat,
'75..
Barley,
busb.
Oets,
bush.
(32 lbs.)
Rye.
bueb.
(48 lbs.) (56 lbs).
687,748
55,400
59,905
50,714
55,700
95,321
163,100
218,427
176,952
1,167,888
1,071,129
841,068
1,126,446
499,700
504,951
438,865
444,972
800
72,076
18,315
3,281
800
8,732
19,200
122,906
122,23!
118,506
84,434
Tot. Jan.l to Sept 29.3,158,146 29,006,718 63,337,624 17.613,690 4,687,475 4,159.603
3,S22,303 37,133,678 62,353,139 19,092,698 4,416/03 1,649,394
Bametime 1876
Bametime 1875
3,390,393 45,307,56) 33,567,754 18,033.725 2,990,714 2,178,398
Bame time
TotAug. 1
Same
Same
1874
4,500,060 60,306,676 49,000,156 21,468,328 3,613,066 1,150,800
6.972,823 1,968,291 1,219,676
5,255,990 1,446,764
651,978
7,372,856 1,435,459
614,086
6,891,038 1,392,973
373,658
to Sept. 29 924,304 18,715,193 20,720,029
time 1376. ... 886,535 10,689,540 19,948,791
745,479 14.925,775 10,889,285
time 1875
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND
BXVER PORTS FOR THE WEEK ENDED SEPT. 29, 1877,
AND FROM JAN. 1 TO SEPT. 29
!
8ept. 29, 1877
Sept. 22, 1877
Cor. week '76
Cor. week '75
Cor. week '74
Cor. week '73
Cor. week '72
Flour,
Wheat,
bbls.
164,997
141.648
134,047
122.036
123,210
161,521
149,317
2,253,235
2,529,147
1,326,375
1,161,662
1.605,242
1,608,534
1,780,666
bush.
Corn,
bush.
1,638,953
1,306.116
2,192,534
1,0»7,513
720,082
2,136,116
1,537,428
Oats,
bush.
1876
1875
1874
3,,146,319
81,928,428 58,430,494 16,157,767
725,224 58,995,920 84,209,311 13,S97,035
4 313,934 47,237,843 38,035,036 13,139,139
8,
RECEIPTS OF FLOUR
WEEK ENDED
At—
New York
Boston
Portland*
Montreal
Barley,
bush.
291,515
133,108
848.613
948.202
451,622
878.252
374,559
501,136
429,132
Tot. Jan.l to Sept.29.8, 346,735 24,480,278 55,803,787 13,311,393
Bametime
Bametime
Bametime
179,4s8
146,651
110,543
158,923
467,831
Rye.
bush.
59,392
113,655
75,345
83,580
10,117
36,30*
62,169
2, 937,061
1,904,723
,710.791 1,381,162
463.005
551,740
1 729,345 2,493,933
1
1
AND GRAIN AT SEABOARD PORTS FOR THE
SEPT. 29, 1877, AND FROM JAN. 1 TO SEPT. 29:
Flour, Wheat,
Corn,
Oats,
Baney, Rye,
bbls.
89,259
50,343
1.500
28,542
bush.
1,480.840
43,600
....
777,061
bnsh.
bush.
1,149.876
189,950
12,500
174,482
438.005
170,000
8,000
5,068
Total
bush.
Flour,
bbls.
Wheat,
bHSh.
Corn,
hush.
16.740
22,407
14,714
373,000
32!,f00
4,879
161.400
154,300
90,714
223,511
216,717
Previousweek
2,951,780
1,757,818
736,801
Oats,
bnsh.
Barley,
Rye,
bush,
buth
56,400
12,000
33,696
723,169
565,925
533,891
1,833.2:8
1,990,701
1,799,983
4,000
2 600
.
.'...
"
142,206
92,102
6li,457
134,669
Cor. week'76
23 S,896
57,392
63,621
Jan. 1 to Sept. 29... 5,255,550 16,693,130 66,635.921 14,056.171 2,424,903 1,630,714
:
Same time 1876
Same time 1875
Sametimel874
6,917,132 31,439,174 67,191,228 18,445,794 2,976,917
6,725,804 87,705,497 41,752,886 13,625,681
738 4V7
7,822,601 49,216,055 43,219,720 11,780,192
885,991
651 009
227 691
692,771
* Estimated.
The Visible Supply of Grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, aod in transit on the Lakes, the New York canals
and by rail, Sept. 29, 1877, was ns follows
:
Wheat,
bu?h.
store at New York
store at Albany.
store at Buflalo
store at Chicago
store at Milwaukee
In store at Dnluth
In store at Toledo
Iu store at Detroit
tn
£n
In
tn
lu
Oorn,
bush.
Oats,
bush.
Barley,
Eye,
bush.
bnsh.
163,096
2,200
81,025
I,0i0.6
612,575
3,106,182
21,000
314,403
1,372,212
47,464
919.803
20.000
72,021
476,211
41,320
21,330
19.OC0
39,048
443,181
254, b97
296,000
821,883
140,uOJ
110.021
30.522
134. 9C9
223,037
In store at Philadelphia
300,000
In store at Peoria
6,020
In si ore at Indianapolis
13,325
In store at Kansas City
72,173
In store at Baltimore
109,997
Rail shipments, week
271.437
Lake
do
wee;
3,154.406
Afloat in
York canals ... 1,3-4,0,0
753,000
147.000
129,178
20,(00
65,937
199,502
9,200
59,632
40,000
85.E96
10,174
82,567
4,048
InstoreatOswegc,*
tn stare at St. Louis
In store at Boston
In store at Toronto
In store at Montreal
New
Total
711
70,0(0
1C9.372
225,;3i
2,060
278,520
600,000
83,660
100,912
110,338
579,066
297.665
1,816,000
1,311,500
8.4S8.949 11,233,348
7.502.13 10 853,172
6,312,205 11,064,248
5.142.958 10," 16.488
8,911,897 9,670,696
Sept. 22, 1877
Sept. 15, 1877
Sept. 6. 1877
Sept. 80,1876
11 C82
39,700
5,826
113,039
18,938
.,.'
81,090
29,166
18,328
12,956
..
.
1,629
.
887
10,000
13,653
1.548
424
57,771
10.131
11,495
.
391,522
698,000
393,(00
143,427
161,003
161,000
15,648
95,000
174,000
3.801.963
1.499.S53
993,851
744. 635
533,781
579.410
597.695
5>6,(08
556,60ft
1,2:j4,048
532,697
3.36S966
2,6*0,931
8,682,815
2,566,096
81
8O.3
.
Peas— Canada.bond&free
in breadstuffa at this
48
50
65
59
CO
Philadelphia
Baltimore
New Orleans
•Estimated.
THE DRY GOODS TRADE.
...©
State, 2-rowed
State, 4-rowed
Malt— State
Barley
1
30
85
1373 138
Corn-West'n mixed, new
Yellow Western
75
75
25
60
1
82a
1
White
6 10
003
The movement
No. Sspring
No.l spring
Red Winter
Amber do
5 25
5 70(2 5 90
3rtra State, &c
Western Spring Wheat
lows
(iBAIH.
Wheat— No.3 sprlng.bush $1 253
[Vol XXV.
bush.
110.810
23,100
67,502
4 000
4,296
18,00)
Friday. P. M., Oct 5, 1877.
trade has been quiet the past week and the jobbing distribution was comparatively light, owing to the continu-
The package
warm and unseasonable weather, which retards the
consumptive demand for fall and winter goods. There was,
however, a constant demand for small reassortments through the
medium of orders, and in this way fair quantities of staple and
fancy goods changed hands. The print market continued very
quiet and stocks are heavy, despite a large curtailment of production 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
medium fancy cas9imeres by means of slight concessions. Foreign goods were less active, but fairly steady, and most of the
offerings at auction were meagre and unimportant.
Domestic Cotton Goods. The exports of domestics from
this port for week ending Oct. 2 were 1,332 packages which
were distributed as follows
United States of Columbia, 510
packages; Hayti, 232 Great Britain, 158; Argentine Republic,
147 Brazil, 113 British West Indies, 38 Central America, 35
British Honduras, 35
Cuba, 32, &c.
Shipments of several
thousand packages will be made to China within the next
few days on account of orders received some time ago. Brown
and bleached cottons were in steady but moderate request at
nominally unchanged prices, and there was a fair hand-to-mouth
demand for colored cottons. Cotton flannels were fairly active in
low grades, but the finer qualities ruled quiet. Corset jeans
moved slowly and rolled jaconets and glazed cambrics were sluggish.
Print cloths were more active, and considerable sales of
extra 64x64s were made to printers and speculators at 3f, cash, to
3 ll-16c, 30 days. Prints were quiet and somewhat irregular, but
ginghams and cotton dress goods were in good demand.
Domestic Woolen Goods. There was a light movement in
men's-wear woolens, and flannels and blankets were devoid of
animation, but there was a steady demand for worsted dress
fabrics, shawls, felt skirts, and some descriptions of hosiery.
Low grade cotton warp and all-wool cassimeres were taken to
a fair amount by clothiers 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 aggregate. 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
were rather less tctive.
M6n'B-wear woolens were sold by
importers in small parcels, but were by no means active. Hosiery
and gloves were in steady but moderate request.
ance of
—
:
;
;
;
;
;
—
—
;
THE CHRONICLK
is;;
>•
l
i>
The importations
i
•
1
1
dry
ol
1
.
. i
.ii
-.
Dry
i>.
i
the week ending
at this port tor
>;.>.i.N
and for the corresponding weeks
1875, have been as follows
Oct.
4,
«> SHIHH8
1815
,
M muractures of wool
M
Pkgs.
518
do
do
cotton
MS
silk....
*s»
do
flax
IM
1
Hi.
3.130
Ml
};.!),
3,488(1,313.569
do
do
ellk
mi
Sax
484
251
M.scellaueous dry goods.
TOU1
Addent'd'orconsumpfn
1,479
1,13 J
51,300
93.411
81.303
44,153
$461,576
723,341
I
57.010
83
HV.H'.I
1
.3
212
l,S43,5n9
4.313 $1,662,155
NTBRID FOR WAHKHOUSINS DDBIHS SAMS
Minatactureeof wool
H
do
do
do
876
cotton
178
94
.
silk
flax
317
sceilaneousdry goods.
15
•154,550
52,466
100,713
e8,«41
5,280
$191,793
1,633
3.0i9
$471,558
4-3,639
*419,1Po
68,200
139.683
83,535
4,722 $1,477,709
"S
|iS3,ttB
154
39,798
85,765
41,621
17,390
419
122
66
406
334
Total
975
809
$.331,351
2,130
$305,003
1,397
3,089
1,243.569
729,311
«frf
48.
Sit
s
,143
4,297
$1,548,573
In
«-»-
,'j:i
:
:
S :Z°
:
:sgg
:S
:
$313, 168
1,006, 111
:g
.;
packages when not otherwise specified.]
Since
Same
Jan. 1.T1 *."me 1876
O « t•IT07IH
r-
.
•
55 t-
Earthenware.
.
Glass
Glassware
27.
21.11'
Glass plate
6.308
5.140
50,856
19.194
4.163
43.535
l,314,93f'
l,0iS9,o98
Bat tons
Coal, tons
Cocoa bags..
Coffee, bags
Cotton, bales.
...
3,854
Drugs, AcBark, Peruvian.
Blea. powders..
Cochineal
12.392
21.812
2,695
Cream Tartar..
Gambler
5t378
Gam,
Arabic...
ii
•
:S
9 8*
HfCOOrtO sf
t-«0
:
•wo'-* •ec»-!00"wi»~"0 •*oov-«'*oo-<
»- *>
»o
« :o »
•
-c
-J5
5
35
a 3; 3
» « g» ^5 o
•
Indigo
Madder
Oil, Olive
Opium
Boda, bicarb. ..
Soda, sal
Soda ash
flax
Pars
Gunny
cloth
Hair
4''.821
46,354
4,181
4,830
4,716
2,3',
H;mp,
bales
Hides,
Ac-
1
103,01!
1.3*
Bristles
Hides, dressed.
India rubber
Ivory
Jewelry, AcJewelry
Ac-
'£«*•?«
•
•
4,807
44,588
^i
JO
Paper Stock
210J8 Sugar, hhds, tee. A
bbls
3,963 Sugar, bxB A bags.
f-,^5
^?|lo5S
aO«3
'3
S"
.
(
8.'i9?
2,6 A
1,0:2
Bread-tuffs
Flour.
.bbls
2,190,95*
..bush
9,0211,033
15.576.737
Oats
7,ssi;,i'ij
Rye
1.199.310
1,782,013
99,402
58.331
501.671
115,81'
416.554
Barley A malt
Grass seed. ..hags
Beans
bbls.
Peas
bush
Corn meal.. bbls
Cotton
bales
'*
No.
bales.
Leather
sides.
Molasses
hhds.
Molassee
bbls.
Kaial Stores-
Crude
turp..bbls.
Spirits torp
-1
"7* JD*f »n ,-
"
5.9.38
2,656,55'
46,673
3,162,598
456
68,608
2,153
63,781
Rosin
*»
Tar
3%.901
•'
19.89J
.CO
.
— ^.
*t;Oai3'?»t-*-o«ww«>os».5«a
o«-
--
!
.^^
.55
.—
3: CD
VZ S: -S-3
1
«^
—
eoeo
?8S
Articles reported by
.
^r «.
oa »-
«
o
value—
Fancy goods...
23.001
38,427
43,037
....
•a
Fish
:
:
o—
is
S3
A".—
Lemons
F.-uits,
3,281
4,689
i,27;
2.1S4
96,839
3ftf
Oranges
Nats
.
fll
K'lisins
:SSS
Ac-
:K
3!)0,155
bbU
pkgs
'
'
pkgs.
..bbls.
.hhds.
Tallow
.pkgs.
Tobacto.
Tobacco.. ...'hhds.
.
2,886
59,24' Whiskey
bbls.
294.566 Wool
bales.
14.9i9 'Drejsed hogs..?7o.
I
is
/-:
515
aft-'
CO
.»o
p2
©
•-• CO
r
•
•
39,556
2,R25,3;6 Oil, lard
bbls,
19.011,147 Peaiiits
bags.
18.976,488 Provisions
8, 882, 810
Butter
pk
81 8,750
Cheese
2,647,230
Cut meats ..
90,816
72.333
811,219
141.893
831,547
...kegs.
40,178
:
:
4S3.2H
t- -w
«
toco
ifS
•
'
n t cc 3
1,
1877,
and
for
Since
Same
Jan. 1,77 time 1876
Bice.
= *?
*
^.'-.'-.K
" S2-S
:s
:«
il.n:i
Logwood
Mahogany
2..310
:
:
i
Fustic
1,961,880 Starch...
44,220 Stearine..
3,033,114 Sugar ...
13' Sugar....
>
.
CO
Cork
Pitch
Oil cake
:""S3
"°
:§
Pepper
4,572
:
.
a"
Woods-
461.8*1
92,293
:
.
S
ISIS Spices,
3.707
Cassia
33,306
Ginger.
•1 ;•<
'*5
or
Hides, undressed..
Rice
H
e*
wt
Hi
acuta -o'-P
Hopi
.K
.
Since
Same
Jan. 1,'77 time 1876
Hides
«
Ac—
receipts of domestic produce since January
same time in 1876, have been as follows
Hump
rj-O
Champagne,blt a
Wines .....!. ...
Wool bales
The
Wheat.
Corn
—
903 Corks
1,331
5,531
ss
81,767 Cigars
2,124
pkgs.
M
W^IO
2 ffii; 5i
*~ *°
"..
Wines,
3,3:30
366
28.636
568
Ashes
'**
Tobacco
Waste
16,503
40.b5i
Receipts or Domestic Produce.
he
V" 10
Steel
Tin, boxes
Tin slabs, lbs...
7,16:
2.121
339
267,419
83,396
Linseed
Molasses
(
•
•
Saltpetre
Watches
^"*l
tOtO
.«s .0
4
Lead, pigs
Spelter, lbs
Tea
3.901
3,955
1,0*6
33,00
901
18.757
«-»iae;
co
Hardware
27.299
211,357
<*5
no
Cutlery
13,931
0«
r- =-
ew"0D
•
Metals,
11,033
29,;S3
241.50b
•
-*
fc
Earthenware—
China
•
M
••^
fe
China, Glass and
1-
>JD(M
4,186 $1,378,679
Imports of Leading Articles.
The following table, compiled from Custom House returns,
hows the foreign imports of leading articles at this port since
January 1, 1377, and for the same period in 1876:
[The nasality Is given
a
'
•I
n
Total entered at the port. 3,105 $1,1 10.692
'IISSffiMllMl =52
2 23
:
8159. 078
_-33
addent'dforconsamplE
if ISIS
« "3
~ -
1,006, ill
PXRIOD,
811
S3
202
50
dorins the
511
337
116
335
871
50,809
Ii
1.315
3,483
Total thrown upon m'k't. 3,609 $1,153 917
8,089 $1,038,311
$118,349
502
$183,317
,
uhiit
um PERIOD.
450
193
1811.
,
ISt.-JU
Withdraws runs wiriiiiiwi and tbhown into thi
aUnafactarefl of wool
cotton..
do
4,
1817
Pkff«. Value.
606
9231.720
181.53'i
487
579
311.761
8VJ
187,311
565
123,810
,
424,739
i;i,«oo
104,493
aeellansonedry goods
Total..-
'
$355.5
618
514
938
1 I'll
SOI.Mil
85,003
1
Win.'
Pkgs.
The iollowlng table, compiled from Custom House
returns,
shows the exports of leading articles from the portof New
York
to all the principal foreign countries, since
Jan. 1, 1877 the
1
Week
and
alB0tu8
to**'* "'nee Jan. 1, 1«77
",
rr?.
,'u;?.
and 1876.
The last two lines show total value,, including the
v
" r articIea besides those mentioned
th
.?' t" 1
In the table
<?
1
OCT.
-1878
.
Value.
WW
.
.
1876 and
of
1877,
BHTBHSD FOB OOMSUMITION FOR TBI
341
3.086
238.914
14,813
79,477
3,923
341,
!M
7,377
45,434
951,066
918,617
1,738,731
1,586,491
379,181
737,160
387,576
110.3.33
28,816
3.3.537
81,293
26,573
274,815
14,570
713
12,626
53,162
lf.0,233
86,743
115,435
76.891
60,163
445,988
1*1.931
70,914
856,013
16,228
28,102
274.445
17,900
423
8,781
46. HI
169,435
103,250
100,715
s0,SU
35.543
II
5
"
-^
32
5 rt »o
x 35
5*
i-t
<*•
•***
-f
« 15
fc-CO
'co
e»
CO
-a
3? :!2tr"»"*te2? *»°
^» ;"^Mw-©iS'sci -e-
:S2
*">
*SS!'-^t;SC
» t- » **
*>-
IS
15
="
2"S
THE CHRONICLE
342
OENERAL
PRICES CUftKENT
ASHES-
*
B.
BRBADSTUFF8— Seespeclal report.
Pot.filstscit
BUILDING MATER1ALSBricka— Common hard, afloat..* M
*
C«m«n«-Rosendale
80
.-••
15 CO
18 00
2,
WW
•
-
each....
a
....
a
„.„.„
»a(ls— lOaeod.ccm.fen.A sb.* keg
Clinch, IX to Sin.&longer
3dflne...
....
00
,0 00
22 00
State factory,
fair
f
ANTHRACITE—
Ponn.
D.L.&W. D.&H.
Bt'mb
Grate
Egg
C
*R.
P.
•
K
St.
Domingo
Costa Rica
Alum, lump.
Am
•
20
19X
19*
ax
17
20
21
a
Gambler
«, , r
Ginseng
12*
12X
4
12
40
-
.
Shell Lac, 2d & 1st English * B.cur.
* 100 B.gold
Soda ash
Sugar of lead. white.prime.*Bcnr.
blue.common
FlS H
George's(new)ftGr'dBk.cod.*qtl.
.* B
Nortti River, prime.
per SOlb.frall
Layer, new
Loose Muscatel, new
'iais'inr.SeeoieBS
do
Jo
do
do
55
25
Pro neB, Turkish (new)
French
do
Dates
FIbB lftVGT. .••• » -••
Canton Glne.e'-.wh & taf. pots. V case.
Sardine", * half box
Bftralne*. V qaarter box
8-
8V
Hi
a
so"
1
a
a
21
25
a
I
Blackbei»l«s
Raspbetrles
Cherrle"
rinm«. S *te..
Whortleberries
a
22
:4
,
11
MOLASSES—
»
Cuba, clayed
24
....a
3
io"
1
1
50
30
25
1
37X
a
75
a
a
a
19
i
....a
Ha
a
4 73
*
3 40
160
a
a
1
"8*
16
e
«
16H
a
Nom!
5
8 50
a
a
I'M
k
;
i!
oo
20
5
s
U
a
14
6
6
12
sv.e
7
7xa
S
a
24
16
16
10
8
12X8
50
a
«
a
30
Qt
1 55
2 50
4
lb.
2 37X
2 00
4 10
5 00
cur.
8PICES-
15
"
....a
—a
Vgall.
Brandy, foreign brands
Rum— Jam., 4th proof
St. Croix, 3d proof
Oln
Whlekcy, Scotch
••
••
«.
•'
"
*gall.
STEEL—
11^
12X
14
10X
a
49
1
2J
59
43
90
67
CO
ii'
10
1 12
1 40
si'
8 75
4 to
S 50
8 00
3 60
3 60
65
—a
18
'
*
20
v
bbl. 14 10
"
'
....
....
13 00
12 00
*
Lard, City steam
RICE—
....
8X8
12X41
13X
a
9x
i%
jxa
3x*
7K»
bond
Patna, ex duly paid
6j,
sa
7X
.
buBh.
*«ack.
,.*
....
....
6A
CarollnB.fairto new prime....* B.
Louisiana, new. lair to prime.. ^'
.
a
a
@
a
a
14 00
IS 50
....
....
_
*
8*
....a
....a
1
».
20
9
a
so
ss
2 60
9X
....@
* 'push.
1
43
1
95
w
a
..a
Canary, 81' ily
Can&ry, Duich
2 rs
H<iinp, lorelgn
1
5-1
1
44
.
Flaxseed, American, rouga...
* 56». gold.
Linseed, Calcutta
* CIS gala.
Linseed, Bombay
a
M
a
....a
1
50*
2 00
2 59
2 10
1 to
1 47
2
12X
,7
8
00
00
4J«j
<a a 25
4 00
3 90
@
@
a
9
....
13X
1
8UGARInferlor to
F.ir
.-•-•
.
"
"
io
9
««
11
va
iovia
10
UK
a
9V3
sxa
?xa
sva
9*9
6xa
"
.* B.
9K
9X
9K
8X
bX
1S-I6J; 7 l'-IS
....a
...gold.*B
"
Straits
English, refined
Plates. I.e., coke..
Plates.char.terne..
IT>k
16
*bxgd.
"
....
6
!2xa
3
a
a
87
47
22
30
40
Super. to
Ex. flneto
Choiceat
@
fair
26
40
57
82
S3
45
63
85
23
40
£2
20
23
na).
21
43
55
floe
finest
to fair
Sup.toflne
do
do Ex. fine to finest
do Choicest
Imperial. Com. to fair
Sun. to fine
uo
Extraftne toflnest
do'
TJncoloredJapan.Com. to fair
Sup'rtotine
do
Ex.flnetoflnest
do
27
Nominal.
Choicest
Young Hyson, Com. to
16X
16
5 75
6 25
5 65
cnr.*B
lair
Superior to fine
Extra fine to finest
:3
S
15X»
'•
Common to
do
do
6X
3
i"xa
"
"
Banca
do
do
do
914
Ids-*
"
"
"
"
"
"
T1N-
tlyaon.
S^
8X
M.
8«
-•%*
"
Other Yellow
MoIssecs sugars
7*
3
...»
8 a
6X9
sxa
5
»
7xa
sxa
"
FxtraCno
Yellow C
9
.0
••x»
"
off A
do
WhiteextraC
16
...
'*
cutloaf
10X
'i*
>
....a
"
"
Porto itlco. refln fair to prime
Hoxcs. c'ayed, Nos. 10@12
Cer.trlfugal, Nos. "@13
Melado
Manila, sup. and ex. sup
Batavla. Nos l'®12
Brazil, Nos. 9®U
Refined— Hard, crushed
ii
lOXft
....a
....a
...a
....a
.
..a
"
Prime
6K
a
«xa
common reflnlrg....* "B.
refining
18
6H3
9
American cast, Tool
American cast spring
American machinery
American German spring
Ootong, Common to talr^*,.
do Superior to fine
Ex
do
do
42
55
75
25
42
67
flneto finest
Choiceat
Bone* Cong. .Com. to fair
Sup'rto
do
do
fine
Ex.flnetoflnest.
TOBACCO-
*»
Kentucky lugs, heavv.....
"
eaf
mtVi
,5
Seed leaf-New Eng.wrapperaTl.
14»a..
•»
flllera,
do
s
i
io
5
Pa. assorted lots, '71-'75
Yara, assort ed
Havana, com. to fine......
Manufac'd.ln bond, black work
•'
bright work
12
WOOL-
T , ............
American XX.
American. Nos. 1 * 2....
American, Combing
90
75
Superior,
Fair
a
a
a
a
as
a
a
6
15
!0
7X
25
95
15
21
1
13X9
2i
.*B
S3
23
so
so
so
Extra, Pulled (lamb's)
No. 1, Pulled uo
California. Spring Clip—
a
a
a
a
a
a
44
49
ii
60
86
86
SO
24
unwashed
-
IS
Inferior
17
St
S3
?3
24
--•••
Burry
South Am. Merlnc. unwashed
Cape Good Hone. nnwaBhed
Texas, fine, Eastern
••
Texas, medium. Eastern
gold.
Smyrn».unwasbed
do
*
To Livxbpool:
•*,**•
*bbl.
Heavy goods. .* ton.
Corn, bikings. * l«u.
wneat, bulk* bags..
*
*bbl
8
cur,
Cotton
Floor
Beet
18
K
», gold, net
Dom-silc
FREIGHTS-
folk
-
••
14XW
English, cast,2d*lsiqualily Vttgold
"
English, Bprlng,2d & 1st quality.. "
English blister, 2d & 1st quality..
"
English machinery
'•
English German, 2d & 1st quality
cur.
American blister
Sheet, Foreign
a
39
Store Price'.
.
8XO
"
a
a
2 13
"
,
* pi-
7x
90
87X
18X
so't-rr
.
do
65
1
12V
22
21
22
HysonSkin.A Twan..com. to fair.
Snp.to fine
do
do
Kx.flnetonnest
do
do
4TX9
'
12X3
21
a
3
a
7 a
6X9
80 a
85 a
13 a
56 a
14 a
sterna
Good
12X
37X
;0
21
Cloves
do
6
6
a
Mace
Nutmegs, Batavlaand Penang
Pimento. Jamaica
Bunpowder.com
35 CO
83 00
,
6 00
5 67X *
* B.gold
Pepper, Batavla
Singapore
do
white
do
Cassia, China Llgnea
Batavla
do
African
Ginger,
do Calcutta
4X
(',
"
Hams. smoked
Timothy
Canary, Smyrna
80
'•
Whale, bleached winter
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil, Nos. 1 and 2
•
Clover, Western
Clover, New York State
s'l"
1
»X»
extra
Turk's teland
St. Martin
Liverpool .various sorts
2 25
2 37X
@
@
a
gal.
8E3DBK
2
12
5
SALT-
134T
70
Pecan
in
a
1
Walnuts, Naples
Rangoon,
43
S3X«
gal-
Beef, plain mess ..
Beef.extra mess
Beef hains.W. Bum &wln. cared
* B
Bacon, City long clear
SO
SO
1
3
11
— _*
B.gold.
100
common
Prime city,.
Western ...
4
Pork, mess
Pork, extra prime
Pork, prime mess, West
S 50
-.
31
32
a
bbl. 2 '.2xa
2 25 3
"
*
Almonds, Jordan shelled
Forelgn
Domestic,
TALLOW-
Brazil
FllnertB, Sicily
1 to
m
B
a
low No. 1 to good No. 1 "
low No. 2 to good No. 2 "
low pale to extra pale.. "
"
wlndowglass
,
24
6 00
5 12X
8PELTER-
do
a
a
a
a
a
4 50
Coffee, A. standard
a
22
26
30
27
so
2 23
PROVISIONS-
14
a
22*3
"
*
Tar, Washington
Tar, Wilmington
Crude, In bulk
Cases
Refined, atandard white
Naphtha, City, bbls
Ed
22
37X
8
None.
None.
Tavaaams
reel
Hard.powdered
do granulate!
to
53
PETROLEUM—
6 00
00
a
J
'
NAVAL STORES-
Neatsloot, No.
so
i 25
21
...
gal.
Cuba, Mns.,refln.gr'ds,50tesl.
do grocery grades.
do
Barbadoes
Demerara
Porto Rico
N.O.,coin. torrlme
Olive, in caskB* gall
Linseed, casks and bblB
Menhaden, crude Sound
47 00
.a
1
Cotton seed, crude
12X
4
a
23 a
u a
'< a
r
00
CO
00
50
....a
Hemlock.Buen, A'res,h.,m.ftl.*tt.
"
California, h., m. A
" common blde,h., m. Al....
OILS—
72
I 50
5X»
4xa
uo
do
do
do
21
19
18
26
62Xa
LEATHER-
City, thin oblong, baga, gold, *
"
Western, thin oblong (Dom.) cur
23
5
.« B
quarters
State, Bllced
do quarters
Peaches, parea,Ga.prlrr,e ft choice,
unptrei. halves and qrs...
do
Domestic Dried—
Ap' lc«. Sou hern. Plied
a
a
cur.
* B.
c.)
OAKUM—Navy ,U.S. Navy & best * B.
OIL CAKE—
ton
«X9
19
2 00
12H@
It titan
a
a
a
45 00
j^tjxS
32
•ixa
is
2c
21
40
25
26
.» »
Ma-.iT(m1.
—
41
loxa
Ordinary foreign... ..* 100 lbs, gold 6
'•
ft*
Citron, Leghorn
gold.**
Sheet.KuBsla
'•
8*3
.,
Currants new
....
....
®
•
a
London layers
Valencia, new...
....
@
@
6x
a
Whiskey
Store Price*.
Bar, Swedes, ordinary sizes..* ton. ISO 00 »132 50
*lb. 2 5-10*
5
Scroll
5
28-10
Hoop, ?ix.No.22tol*'.Xx.l34!4 "
•'
pr.bbl. 20 00 a "'2
Mackerel.No.l.M. shore
None.
Mackerel No. 1, Bay,. .Mackerel, No. 2 Mass. shore (new). 12 00 a 13
None.
Mackerel,'No.2,aay
FLAX-
87
UauU
Irish
do
Domestic liouors— CaBh
Alcohol
It
(3
ton. 13 TO
Rosin, strained to good strd.* bbl.
a
90
i
(S
17 OU
16 50
24 (0
SplrltB turpentine
20
8 50
60
i
*
Pitch, city
4
«"•
Rhubarb, China, good to pr....
Sal soda, Newcastle. .*1U0B, sold
1 45
27 50
6
3
H old -
Quicksilver
Quinine
00
21 CO
••••••
Madder, Dutch
,.
Madder.French, E.X.F.F
cur.
Nutgalls.blue Aleppo
"
Oil vitriol ( 66 BrlmBtone ) ... .
Opium, Turkey ...On bond), gold.
Am..
cnr.
PmBSlate potash, yellow,
.
22
30
2*
™
Glycerine, American pure
I.."""
Jalap
„
Calabria
paste,
Licorice
Licorice paate.Slclly ...........
licorice paste. Spanish, solid., .gold
.
18*
a
a
's
* 100 lb *
Caustic soda
...
Caloratepotash
Cochineal, Honduras, sliver...
Cochineal, Mexican............
Cream tartar, prime Am. * Fr. cnr.
CubebB, East India
Kold.
Catch
N
rough
Slaughtercrop
Oak. rough
Texas, crop
30
23
JO
•••
2i
1
a
@
@
®
•
2Hi
4
S3
43
39
33
I2K@
Pig, American, No. 1
pig, American, r.o. 2
Pig, American, Forge
•
Pig, BcotCO
Domestic, com mon
Bar (discount, 10 p.
"
"
Sheet
26
41
isxa
Camphor refined.... ......... ..
Castorotl.B.I.inbond. * gal. .gold.
Vitriol,
X
a
17
gold
Argols.crude
Argols.refined
Arsenic, powdered.............
Bicarb. soda, Newcastle.* 100 fb
*B cur.
Blchro. potash....
* 1C0 B. "
Bleaching powder
gold
Brlmstone.crude.perton
*B..cur.
Brimstone, Am. roll
&
Steel rails, at mill
17X9
cnr.
ffi
2
HV LEAD—
20
is
*B
«•
4
UX
19«
n a
American Ingot, Lake
COTTON— See special report.
S
40
35
40
IRO«--
4 W.
* B.
•••,;••••
Bolts
Sheathing, new (overlS oz;
Braziers' (over 16oz.)
* »•
11X
a
6
8 25
Re-reeled Tsailees
Re-reeled Cotngonn
spirits—
17
isx»
COPPER—
a
12Ha
11 a
14
....a
....a
23'<a
22 a
S°}&
DRUGS * DYES-
9
11
iox
12
15
13
10
Para, coarse to fine
Esmaralda, prised, strip
Guayaquil, p eased, strip
Panatnastrtp
Carthagena, nreseei
Nlcarpgua, fheet
Nicaragua, scrap
Mexican, sh*>et
Honduras, sheet
14 uu
1IX
8
INDIA RUBBEK23
19
14
17
14
-&aa
Olds,
27
19
24
i3X
16K»
K°iu.
K»id
KOIJ.
gold.
gold.
Savanllla
"
do....
Cropofl577
Cropofl375
all growths
7
10
70
1
a
a
4
3X3
Sheet. single, double* treole.com.
Rails, Amur., at Works..* ton, car. S3 00 a 38 CO
lsxa
18X9
17**
....gold.
Mexican
Jamaica
Maracalbo
Laguayra
gold
"
"
do
cur.
Texas,
£. /. «<ocfc— Cal. kips, slaught. gold
"
Calcuttaklps.deadgreen...
"
Calcutta, buffalo
»3 25
3 25(33 40
8 25@3 40
3 5l'@3 65
3 0,6(3 15
aTo. ord. ear.60and90days.gld.*»
gold.
do
do fair,
do
K0}2do good,
K°\*do prime, do
gold.
Java, mats
gold
Native Ceylon..,
"
cur.
do....
do....
California,
Port
John. Km.
••••
••••
••••
"
..
HOPS-
L.
—
•••
Stove
Ch'nut
00a
uua
10
is
do
21
HH9
22X0
22 a
18 a
13 a
15 a
13 a
WXS
"
"
Wet Salted— Baeu. Ay, selected
do....
Para.
«»
11
Llverpoolgat cannel...
Liverpool house cannel
MatamorAs.
Ulatanioras
Savanllla,
10
Western factory, good to prime..
California.
do....
do....
do....
0rv SaKed— Mara'bo,as they run"
2 50
5 23
1 75
2 75
•
4 25
__
*B
tocholce
Rio Grande,
Orinoco,
a
23
23
22
"
100 lb.
Daual reel Taatless
5«
IS
a
4
....
'
...
1
.. •;;•"•
Cutspikes.allslzes
"'i
8 2
a
fo«rat«-Ld.,wh.An.,pure.lnoll* B
JX«
Lead.wn., Amer.,pure dry.
1
No.
«
Zinc, wh.,Amer. dry.
J
» 3
Slnc.wh..Amer.,No.l.lnoll .....
pi?l. white. Ks».. gold....* 100 B. 165 a
Prices)—
BUTTER— New— (Wholesale
25
Dairies, palls, g'd to p'me State * B.
14
Weat'n fact'y, tubs, g'd to ch ce
21
H'l flrk.,tubs,State, f'r to prime
20
Welsh tubs. State, com. to p'me "
CHEKSB—
Jute
per
8ILK-
6.135 00
.a
HIDBSDru— Buenos Ayres,selected.*Bgold
do....
Montevideo,
"
do....
Corrientea,
S3 00
©100 00
28
...
,
150
Nltratesoda
9210 00
6215 0(1
i*
7X
.*»
:ox*
gold
Crude
05
3215 00
175 30
130 00
Sisal....
10 00
27 00
a
„ JJ • B
Spruce boardB* planks, each
Hemlock boards,
00
SO 00
22
•
53
gold. 205 00
" 2i0 00
Russia, clean
J
|^
^
*
'.
Blackwalnat-.-.......
3
a
3
a
a
a
®
a
120
Pine, shipping, box
boards, com.to g d,«ch.
do
* ton.
American dreaBed
American undressed
5
Manila..
2 23
Rockland. finishing............ •--.
Z.umo«r-Plne,g'dto ex.dry.* M It.
Aaheooi
X»
*B
Refined, pure
B
100
Italian
bbl.
bbl.
i4me— Rockland, common....*
*
HEMP AND J DIE-
4
SALTPETRE—
raport under.Cotton.
North River shlnp'nir
8 CO
28 00
CrotoD
Philadelphia
GUNNIES.— See
XXVJ
[Vol.
<•«•
— BTIiH.
$.<t. »
—
<t.
5-164X
8 6
82 6
a....
640
sxa:...
9
6
4 o
3
...
a,...
a....
M
ex
8K
a
SAIL.
,
«.
d.
•
X comp
5» „
23 o
9
9
—>.-»
...
a
«o
a
....
....
a
October
THE CHROOTCLR
0, 1877.
Financial.
UNION TRUST
NEW
OP
CO.
-
rT
-
Financial.
Lazard Freres,
Geo. H. Prentiss,
YORK,
US Pine Street,
No. 73 Broadway, Cor. Rector
CAPITAL,
Financial.
.
.
BMCIAL FACILITIES FOK ACTING AS
Transfer \i;ini and
Registrar or Stocks.
Authorised t>v law to act aa Executor, AdmtnlstraOr, Guardian, Receiver, or Trustee, and aa a
DEPOSITORY FOR MONEY.
I.
Interest allowed on Deposits, which may he made
ami withdrawn at any (hue.
N. H. -i li.-rlcs on this Institution pass through tho
ClearlngHouse.
EDWARD KING, TYesldenl.
J. M. MoLEiX, 1« Vice-President.
Wm. Wuitxwkioiit, 2d Vice Preelient.
On LAZARD FRERES &
M. McLean,
J.
H.
11.
Hamukl Willets,
Wm. Whitkwright,
HurroM,
B. B. Wesley,
O. G. Williams,
<«.
1 1,
x
1
1:,
*
Clinton
CAPITAL,
This
its.,
charter to ac
aa receiver, trustee, guardian, execu or or adminis-
American
THE
IN
Alex. McCne,
Alex.
If.
Austin Corbin. Kdmuna W.Oorllsi.
Wm. R. BUNKER, Secretary
White,
United States Trust Co.
OF NEW YORK,
ALBERT
C. L.
Tiieo.
Capital
and
This Company Is a legal depository for moneys paid
e Court, and Is authorized to act as guardian or receiver of estates.
Interests
Allowed on Deposits,
which may be made
at
any time and withdrawn after
may be entitled
they may remain with
five days' notice,
and
PROOF AOA1SST FIRE.
II.
Van Zandt,
Fkkbland,
Sec. Geo.
B.
to Interest for
the whole time
the Company.
Executors. Administrators or Trustees of Estates
and Females unaccustomed to the transaction of
business, as well as Religious and Benevolent Institutions, will And this Company a convenient depository
for money.
TRUSTEES:
JOHK A. STEWART, President.
WILLIAM II. MACY, )„,„„„ (J .
Vice-Presidents.
JOHN J. CISCO,
WILLIAM DARROW, Secretary.
JAMES CLARK, Ass't Secretary.
t
President,
&
Vice-Free.
all
kinds of
COTTON CANVAl, FELTINO DUCK. CAR COYKB
LNG. BAOOINO. RAVENS DUCK, SAIL TWINES
*C. " ONTARIO" SEAMLESS BAGS,
"AWNING
STRIPES."
Also, Agents
United State* Hunting Company.
A
full
supply
all
Widths and Colors always
In stock.
No. 109 Daane Street.
George A. Clark
&
Bro.
Manager.
B. Statner, Treae.
Manning,
BANKER AND BROKER.
Wo. 14 Wall Street, New York
City.
SOUTHERN SECURITIES
A
SPECIALTY.
IVIILWARD'S III I. IX NEEDLES'.
400 BROADWAY, NEW YORK.
State, Municipal aril Railway Bonds and Coupons
bought and sold at beat market rate-". Investors or
dealers wishing to Duy or Bell are Invited to communi-
cate with up.
Member of the
New York
*-
tock Exchange.
E.R.Mudge,Sawyer&Co
Swan & Barrett,
AGENTS
BANKERS AND BROKERS,
200 Middle
Surplus, §4,000,000.
And
York.
GOODALL,
G.
John
WALL STREET.
No. 49
COTTONSAILDUCK
ARTISTIC STYLE,
JTIOST
IS A BUILDISQ
t.
John P. Rolfs,
Chaa. R. Marvin, A. A. Low,
Thomas Sullivan, Ahm. B. Baylls, 8. B. Chittenden,
H.K. llerrepont, Dan'l Chauncey, John T. Martin,
John Halsev.
Joslah O. Low, Ripley Ropes.
CO.,
AND*
money.
Henry Sanger,
Manufacturers and Dealers In
BROADWAY,
142
I
trator.
It can act as agent In the sale or management of real
estate, collect interest or dividends, receive registry
ant: transfer books, or make purchase and sale of Gov*
eras, tnt aid ether securities.
Kellgions and charitable institutions, and persons
unaccustomed to the transaction of business, will and
this Company a safe and convenient depository for
Brinckerhoff, Turner
& Co.,
Circular Notes and Letters of Credit through Messrs.
CO., at PARIS, payable In any
LAZARD FRERES &
ENGRAVES AND PRINTS
Brooklyn, N. Y.
Commercial Oards.
and San
Bank-notes, Bonds for Governments and Cor
forations, Bills op Exchange, Certificates
or Stock, Postaor and Revenue Stamps
Policies op Insurance, and all
Kinds op Securities,
»500,0OO.
K1PLET ROPES. President.
CHAS. R. MARVIN, ViCJ-Pres
JCD0AB M. Cullxn. Counsel.
TRUSTEES:
to Paris
A SPECIALTY.
Brooklyn Secnrltle. Bought and Sold
part of Europe.
New
Secretary.
Company la authorized by special
J.S.Rockwell,
Money by Telegraph
OFFICE,
The Brooklyn Trust Co.
Cor. of Montague
PRINCIPAL CITIES IN EUROPE.
the
Transfers of
Francisco.
Geo. Cabot Ward,
Theodore Roosevelt.
H.
J.
PARIS,
And on
BROAD 8TR5KT.
80
OAS STOCKS
CO.,
BANK-NOTE
EXECUTIVE COMMITTEE.
88.
LONDON,
$1,000,000.
IIAS
l.l «. X
Room
DRAW SIGHT ft TIME HILLS on tho UNION BANK
St.
Street,
Dealers In Government, State, County, City and Railroad Bonds, Bank Stocks, Ac.
Desirable Investment Securities constantly on hand
And
&
Fisher
BANKERS.
Sons,
Dealers In Governments, Coin,
Opposite
It
Saratoga Victory
.'Ilg
AND
Co.
HOSIERY, SHIRTS and DRAWERS.
43
&
NEW
YORK.
BOSTON,
White Street.
15 Chaunoxy
PHILADELPHIA,
W. DAYTON, 330 Chestnut Street.
45
J
St.
MANCHESTER
Ac
Investment Securities,
Second St.
32 SOUTH STREET,
BALTIMORE,
O
mills, Chlcopee mrg Co.,
Burlington Woolen Co..
Ellerton New mills,
Atlantic Cotton mills,
PORTLAND, maim:.
Wm.
F
Washington
HID.
Purchase and sell Governments and Coin.
Gold constantly kept on hand for the supply of Merchants, for duties.
Bonds and Securities of every description bought
and sold on Commission Orders, which have direct
personal attention.
Especial attention Is given to Investment Securities
of the higher grades, quotations for which are furnished as required.
Locomotive
Works,
MANUFACTURERS OF
Locomotives, Stationary Steam Engine, and Tools,
MANCHESTER,
ARETAS BLOOD, W.
Superintendent
Manchester.
N. H.
O. Hi:i>S,
Treasurer.
N.H.
40
Water street, Boston.
Correspondence solicited
&
George Eustis
Co.,
S.
W. ROSENFELS,
EXPORT COMMISSION MERCHANT
BROKERS,
IN
Produce, Provisions and Naval Stores,
CINCINNATI, OHIO.
P.
CAJ Co.
BANKERS,
COR.
OF WALL 8TREBT AND BBOADWAY
New/ York.
Transact a General Banking Business, Including
purchase and sale of STOCKS, BONDS and
F.
A. M. Kiddir.
C.
W.McLxllak, Jr.
John Hickling
&
W. Norton &
G.
CASH CAPITAL
BANKERS ANB BROKERS,
62 Broadway and 21 New St., N. Y.
DEALERS IN STOCKS, BONDS AND GOLD.
J.
Co.,
8800,000.,
Alden Gaylord,
38 Wall
St.,
New
York,
DEALER IK
ST.
LOUIS CITY & COUNTY BONDS
AND ALL CLASSES or
INVESTMENT & MISCELLANEOUS SECURITIES
by permission to W.8. Nichols A Co, Banker
lief era
&
YORK.
Co.,
HANUFACTURKR8 OF
LOUISVILLE, KENTUCKY.
Co.,
NEW
2432.
SUPER-C A RBONATE
SODA.
New
BANKING IKiim; OP
w. Trasx
Stosks bought and sold on margins at the New York
Etoek Exchange. Careful attention oald to out-of
town orders. Correspondence solicited.
Box
John Dwight
Buy and sell Government, state, County, Township
and Municipal Bonds. Coupons collected. Missouri
Bonds a specialty. Foreign exchange bought and sold.
GOLD
Sale.
Co.,
BANKERS AND BROKERS,
307 Nortb Third treet,
ST. LOUIS, mo.,
'or cash or on a margin.
Investment Securities For
P. O. BOX 2,647.
&
Keleher
BBOAD STREET,
29
P. O.
No. 11 Old Slip,
York.
The j ooomu Trade ONLY Supplied
Olyphant & Co.,
COMMISSION MERCHANTS,
Hong Kong, Shanghai, Foorhow
<
.in i..ii,
it
China.
REPRESENTED BY
OLYPHANT &
Co., of China,
104 Wall
St.,
New York,
mvmmu
\m
VI
mm
Insurance.
Steamships.
Railroad Material, &c.
ONLl
PHELPS,DODGE&Co
Direct Line to France.
CLIFF STREET,
The General Trans-Atlantic Company's
Mail Steamships,
OFFICE OF THE
New York.
Between John and Fnlton,
ATLANTIC
BETWEEN
TiEW YORK. AND HAVRE.
IMPORTERS AND DEALERS IN
Calling at Plymouth for the landing of Passengers.
The splendid vessels on this favorite route, for the
Continent—caiiins provided with electric bells— will
sail from Pier No. 50 North Kiver, foot or Morton St.,
'
&
Tin
Roofing
Plates,
Mutual Insurance Co.
as follows:
AMEKIQUE,
Wed., Oct.
Dslord
10. S
A. M.
Wed., Oct. 17, 2 P. M.
LA.BRADOK. Sanglier
Wed., ret. 24,7 A.M.
PEUEIRE, Danre
PRICE OF PASSAGE IN GOLD (including wine):
To Havre—First cabin, f.100; second cabin, $ 5; ttilrd
OF ALL SIZE8 aND KINDS.
PIG TIN, RUSSIA SHEET IRON,
'
cabin, $35
utensils.
•
steerage, $26— including wine, bedding and
;
To Plymouth, London or any railway station in
England— First cabin, $90 to $100, according to accommodation; second
age,
$22,
cabin, $15; third cabin, $35, Bteer-
Including everything as above.
Return tickets at very reduced rates, available
through England and France. Steamers marked thus
do not carry steerage passengers.
.for passage and freight apply to
CHARCOAL AND COMMON SHEET IRON
LEAD, SHEET ZINC, COPPER,
Spelter, Solder,
-
LOUS DEBEBIAN,
A cent,
MANUFACTURERS OF
WM. BOBDBN.
Atlas Mail Line.
BI-MONTHLY SERVICE TO JAMAICA, HAYTI,
COLOMBIA and ASP1N WALL, and to PANAMA and
SOUTH PACIFIC PORTS (via Asptnwall.)
First-class, full-powered, lri
Iron
Fler
No.M. North
Hor
CLARIBEL
screw steamers, from
River.
KINGSTON
(Jam.) and
October
ALPS
October
October
ETNA
superior UrBt-clase passenger accommodation.
Providence Line
TO BOSTON,
FALL
KIVETt LINE
Rest.
00
50
00
00
NEW ENGLAND
t"TAis Queen of the Sound,")
—
MUTUAL, L.IFE
Insurance Company,
POST OFFICE SQUARE,
BOSTON.
Deduct surplus
8.
KENNEDY. UKNUY M.BAEKK. JOHN
8.
BABNK'
& Co.,
HANKERS AND MERCHANTS,
Kennedy
S.
1
CEDAR,
CO!'.
WILLIAM
ST.,
New York.
Boy and sell Railroad Investment Securities. Col
ect Coupons and Dividends. Negotiate Loans and
£raw Bills of Exchange on London.
-Agents of the
CAMBRIA IRON COMPANY
'
JOHNSTOWN, Pa., for the sale of their IRON and
8TEEL RAILS.
AH business relating to the Construction and Equip.
-of
cat oi Railroads un lertaken.
to
1,
1817
ie distributed.
.
577,857 50
$13,293,183 31
As a Re-Insurance Fund
for the protection of
FLAT STEEL AND
IRON ROPES for Mining
purposes manufactured to
order.
JOHN W. MASON
& CO.,
43 Broadway, New York.
865,013 74
.-,......
Total-amount of Assets,. ..,
116,694,807 81
the outstanding
The outstanding
certificates of
the Issue of 1878
be redeemed and paid to the holders thereof, or
their legal representative*, on and after Tuesday,
the 8tb of February next, from which date all Inter*
•st thereon will cease.
The certificates to be produced at the time of payment, and canceled.
Upon
Certificates which were issued for gold premiums,
payment
the
of Interest and redemption will be in
will
Qlrldend Of Forty per Cent. Is declared on the net earned premiums of the Company
for the year ending 81st December, 1876, for which
be issued on and after Tuesday, the
6d of April next.
policy-holders, in accordance with the law of this
By order of
the Board,
Commonwealth.
FEATURES OF THE COMPANY.
1st. The adoption and continuance of a thoroughly adequate rate of premium.
2d. The maintenance of an ample reserved fund.
The market price of the securities of which the
fund is composed is $340.<700 80 over the cost
on the Company's ledger. This item is not availed
of in the capital as above presented.
For pamphlets and reports giving a history of the
Company's operations during the past thirty-three
years, apply at the office of the Company, or of
Agents in any city or town of importance.
BENJ. F. STEVENS, President.
JOSEPH M. G1BBENS,
W. G, McKOWN,
Secretary.
ApbU Sec.
JOHN HOMANS, M.
D.,
W.
C.
WRIGHT,
Actuary.
iclined Planes, Transmission
are cut.
402,850 19
.
certificates will
Leaving
o p
constantly on hand from
which any desired length
U
Cash In Bank..
.
A
$13,871,040 81
STEEL AND CHARCOAL
IRON of superior quality,
suitable for MINING AND
HOISTING PURPOSES, in
lof Pow e r, &c. Also Ga>
Ivan '.zed Charcoal and BBfor
Ishlps' Rigging, Suspension
I Bridges, Derrick Guys.Ferry
[ Ropes, &c.
A large Btock
1,811,004 38
I, 1843.)
Medical Examiner.
R
Premium litotes and Bljij* Receivable
00
367,000 00
gold.
(Organized December
Net Assets, January
Railroad Material &c.
1,779,800
be paid to the holders
thereof, or their legal representatives, on and after
Cuesday, the 6th of February nest.
31th Year.
«rtH,onaad after MAY 7, leave (dally) from PIer29,
K.K,IOOtof Warren St., at 5 P. M., arriving at Providence at 6 A.M., and Boston at 7A.M. No lntererftttte landings between New York and Providence
M
certificates of profits will
MASSACHUSETTS,
EHODE ISLAND,
|5,Q6J,Q9B
wise
;......„...„
Keal Estate and Bonds and Mortgages
Interest and sundry Nqtes and Claim*
due the Company, estimated it ..... .
Six per cent. Interest on
Insurance.
THE NEW MAGNIFICENT STEAMER,
Steamer of tue World,")
ASK THE WORLD-RENOWNED STEAMER,
j.
$1
2
2
5
GOOD SILK
PATENTED GUANACO
EX. QUAL. LEVANTINE SILK
4**Xlie Palace
-OtiN
STEAMERS.
ISAAC SMITH'S UMBRELLAS.
Only 42 miles of Rail.
Time, 60 Minutes.
"
CO.,
SUPERIOR GINGHAM
VIA PROVIDENCE DIRECT.
witn Marine Risks.
Premiums fljarked off from 1st January, 18*8. to 81st December, 1876....
Expenses.. »1, 088,410 35
AND RODS.
PLD COLONY STEAMBOAT
Policies have been issued upon Life
Risks, nor upon Fire disconnected
if o
The Company has the following Assets, rici
United States and State of New York
Stock, City, Bank and other stocks. $11,068,700 00
Loans secured by Stocks and other-
RIVER IRON WORKS COM'
NAILS, BANDS, HOOPS
THE NEW
Whole Main's
PAUL,
*.ro,S60 Of
,
paid during the
•am* Period
..H^6B,1N 4f
Returns of Premiums and
'UMBERLAND COALS.
27
CO., Agents,
No. 58 Wall StreBt
January, 1876
Losses
BORDEN MINING COMPANY,
.3
FORWOOD &
New York,
St.,
AGENTS FOR
18
November8
For HAY'll, COLOMBIA, I8THMUS OF PANAMA,
and SOUTH PACIFIC PORTS (Via Asplnwall),
V
West
Tl
Premiums received on Marine Biskf
from let January, 1876, to 81st December, 1878...
„. $4,9»,IW68
Premium* on Policies not marked off
LOVELL
L. K.
HATT1.
A (LAS
PIM,
&
24, 1877.
Total amount of Marine Premiums.. $7,101,467 IS
Borden & Lovell,
COMMISSION MERCHANTS
TO
Yobi, January
In conformity to the Charter of the
Company, submit the following Statement of it*
affairs on the 81et December, 1876:
1st
COPPER, BRASS AND WIRE.
It roadway.
55
Antimony, le.
Nxw
The Trustees,
t
J.
U.
CHAPMAN, Secmw-r,
tBVSIBJESl
^fc* .ChaHeiDtfcnl*.
ite-ris Curtis,
Charles fi. Russell,
/James Low)
David Lane,
Gordon W. Bufbialn,
Daniel S. Miller,
iwiiliam sturgu,
William E. Dodge/
f osiah 0. Low,
I
Koyal pnelps,
'Thomas F. toung*>
C. A. Hand,
} John D. Hewlett?!/
William a. Web*,
Charles P. BurdettpP'
Francis Sklddy,
Alexander V. Blake,
Lemoyatf
Adolph
Robert 8. Jllntum.
Cttjtfles H. H&ftBaU,
©epfge W. Lanev - 4
,
Robert L. 6fuaft, *
j Xftma Q. DeFofe**,
Charles D. Leverlok,
Frederick Cbsuneey,
Adam T. Sackett,
J 'Horace dray,
t. D, Jones,
HVBi
H. MoOre,
:
'
'
,
dmund W. Corlie*,
William Brjce,
ISsh-F-S.WlNSTON,
PRESIDENT
u£
= E\/ERy
,,
approved DESCRIPTION
|
John
EUlott,
William H. Fogg,
Peter V. Slog.
af
1.
D. JONES, President.
LIFE and ENDOWMENT POLICIES
ON TERMS AS FAVORABLEASTHOSEOFANYOTHERCO.
CHARLES DBNNlS,
"ASHASSETS over $ 8 0.0 0.0
W. H. H. MOORS, 34 Vice-Preaiieijfc
A. A. RAVEN, 8d Vlce-PresldMt.
0.
Vice-Presidf-fl
6.
it
tif
1877.J
^
„„
_
Publications.
Insurance.
North
TICK
and Mer-
British
(ANNUAL),
OF
COMMISSION MERCHANT*,
174
1809.
IN
Called
Cor. Pine, Now York.
Established December, 18G6.
In and paid up Capital....
$1,363,636 36
Reserve fur
ali
St.,
otliiTliabilitles, in-
duding re-Insurance
Net Fire Surplus and Reserve.
CONTENTS.
Invested and Cash Fire Assets.$8, 500,185
Subscribed Capital, for which the
Stockholders are personally lia-
New York City— Bank
United
WHITE,
SAM.
P.
of Merchandise, Ex-
the
Influences on the
from 1862 to
1877.
Market
Table Showing the Rate Per Cent realized on
Securities Purchased at different prices.
Stock Speculation in New York.
Table Showing the Interest Cost of Carrying
Money
Showing Accumu-
are represented in the pages of
State Debts and
The Livins Aea (in which its only competitor,
Kvkhy Saturday, his been merged) Is a weekly
magazine of sixty-four pages, giving more than
Foreign Periodical Literature.
It is, therefore. Invaluable to every American reader,
as the only fresh and thorough compilation of an
indispensable current literature,— indispensable be*
cause It embraces the productions of the
ARLEST LIVING WRITERS
in all branches of Literature, science, Art. and Politics.
" It reproduce* the beet thoughts or the best minds of
tse civilized world, upon all topics of living interest."—
puilrtiw-lpiilrt " lutiulr*;r."
With it alone a rrud.r may fairly keep up with all
important In the literature, history, politics
and science of the day."— •• The Methodist,
"The best of all our eclectic publications."— The
Nation," New York.
cheapest.
A monthly that comet every*
"•ft? theThe
week."—"
Advance," Chicago.
"A pure and perpetual reservoir and fountain of
tnterlainment and Instruction."— lion.ltobert c Wisthrop.
•• Faiely
without a rival."— Congregatlonallst,
'
Boston.
"Tie best periodical in America."— Rev. Dr. Cuyler
"Indispensable to every one who desires a thorough
compendium of all that is admirable and noteworthy
in the literary world. — " Boston 1-ost."
•• Ought to /bid
a pkiee in every American Home."—
New York ••Time-.'
Published w ezilt at (8 00 a year, free ot postage;
or for S10 50 Tue Living Aoe and either one of the
American SI monthlies (or Harper's Weekly or Bazar)
will be sent for a year, both postpaid; or, f or »9
Tea Livino Asa and Scribnera St. Nicholas 50,
or
Appieion's Journal.
Address^
dc
Ho. ton.
"
that
"NY
L1TTELL
GAT,
orded by our friends, Messrs. D.
M
CLOTH
IN
15.
:
1
A
25
CO.,
;
The Record Is the oldest and best publication of
the English language, and has a most
extended circulation among woolen, cotton and
silk manufacturers and operatives in the United
States and Canada and in Europe.
The Supplement, also published monthly, con
tains designs and weaving directions for all woolen
fabrics, ginghams, and prints from the newest
foreign samples, and of original conception. Also
samples of and recipes for standard new and novel
effects in dyes and colors. It is Indispensable to
weavers, designers and dyers.
The terms of Subscription are as follows
'ts class in
$1 SO per annum.
"
3 50
"
5 00
THE INDUSTRIAL RECORD
P. 0.
Box
CO.,
EXCHANGE PLACE,
1,896.
39
New
ITIercIi.uftsV
BROAD STREET. NEW TORS.
Liverpool.
J.
C. Johnson
&
Co.,
MEMPHIS. T^NN.
&
COTTON
DEVOTED TO THE TECHNOLOGY OF
TEXTILE ARTS AND DYEINU IN
ALL THEIR BRANCHES.
18
-
New York.
Orders executed at the Cotton Exchange, and »«fi
vances made on consignments of Cot toa and otfce r
Produce, and upon shipments to correspondents la
McAlister
1868.
Manufacturers' Review
& Industrial Record.
A MONTHLY JOURNAL,
Both Publications
Address
D wight & Co.,,
COTTON BUYERS FOR MANUFACTURERS
THE
Record
Supplement
*
New Orleans.
COTTON FACTORS* COMMISSION MERCHANTS
81 William Street, N. Y.
ESTABLISHED
York, and Messrs. D. A. Ol VEN
Baronne Street,
NO.
PUBLISHERS,
&
information
in
COTTON FACTOR,
$1 00
I»A\ A
New
all
A. L. Richards,
Subscribers of the Chronicle
Toall others
79
rill
WATTS A co.a
Shipping and Commission
To
amount of matter, with freshness, owing to its
Weekly issue, and with a satisfactory completeness
attempted by no other publication, the best Essays,
Kevlews. Criticisms, Tales, sketches of Travel and
Discovery, Poetry, Scientific, Biographical, Historical
and Political Information, from the entire body of
and order*
Advances made on consignments, and
No. 134 Pearl Street,
U. S. Cotton Crop and Movement, 1875-76.
European Movement (Ellison's Circular.)
WILLIAM
COTTON
purchase or sale of future shipments or deliver!*,.
Cotton—
THREE AND A QUARTER THOUSAND
double-column octavo pages of reading matter yearly
It presents In an inexpensive form, considering its
consignments of
Prices of Railroad Stocks, 1873-1877.
PRICE
Co.,
Brown's Bnildinga,
Hopkins,
Immunity from Prosecution.
Railroads of the United States.
Railroad Preferred Stocks.
Railroad Earnings.
Prices of Railroad Bonds, 1878-1877.
In the world of the most valuable literary and scientific
matter of the day, from the pens of the LEADING
&
LIVERPOOL,
Solicit
S JN,
Railroads and their Securities-
Unapproached by any other Periodical
made on consign
advances
C. Watts
Stone street.
Prices of State Securities, 1860-1877.
and an amount
ESSAYISTS. SCIENTISTS, CK1TICS, DISCOVEKKRS AND KDITOKS. representing every department
01 Knowledge and Progress.
Liberal
in a Series of Years.
Fronde. Mra. Mnlocb,
Mra. Ollphant, Mra. Alexander, Mlaa
Thackeray, Jean Ingelow, George
Stocks.
MacDonald, William Black, Anthony
Trollops, Matthew Arnold, Henry United States Debt and SecuritiesDebt of the United States.
Klngaley, Francla Galton, W. W.
Story, Auerbach, Ruakln, farlyle,
Prices of U. S. Bonds, 1860 to 1877.
TennyaoH, Drowning, and many others, State Debts and Securities—
LEADING FOREIGN NOVELISTS,
cotton.
31
Dike
Jan. 1, 1877, The Living Aok enters upon Its lS2d
voluT.e, wlin the continued commendation of the
best men and journals of the country, and with constantly Increasing success.
In 1877 It will furnisb to Its readers the productions
of the foremost authors above-named and many
others ; embracing the choicest Serial ana Snort
Stories by the
if
City.
Interest Tahle,
tor
purchase or sale of contracts far future delivery
New
Compound
Littell's Living Age.
Special attention paid to the execution of orders
the
W.
R.A.Proctor,Francea Power Cobbe, The
lations of
York.
xients.
Investments of Financial Corporations in
of Argyll, Jaa. A.
New
AND
Principles Relating to Investments.
Yerk
Stillraan,
General Commission Merchant*.
New York, 1871-1877.
Investments and Speculation-
ley,
EM
Liverpool.
Cotton Factors
Prices in
Tyndall, Rt. Hon. W.
E. Gladstone, Dr. W. It.
Carpenter, Prof, llux-
&
76 Wall Street,
dc
New
Prices of Gold in New York,
Foreign Exchange—
eminent
living author*, aucn. aa
Prof. Mats Mailer, Prot.
"
Noa. 74
York, and Prices of Cal'
Loans and Commercial Paper since 1670.
Influences in
<>.,
<
SEAMEN'S BANE BUILDING.
The Money Market-
Prices of Silver in London.
of
New York and
Wcodward
and Domestic Receipts.
ports, Imports,
Production, Exports and Imparts of Gold and
Silver in the United States.
Y. Tribune.
be moat
Trade
Gold and Silver-
"CHOICEST LITERATURE
'I
Commerce,
Canals.
New York City— Prices
Publications.
DA«".»-iV.
— Foreign
dc
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOR COTTON bought
Balance, U. S. Exports and Imports Leading
Articles, Tonnage of Trunk Railroads and
BLADGEN.
Maxaoers.
States
CO.,
AND GLASGOW.
FINLAY, MCIR
Meaara.
old on commission In
Commercial-
$780,518 04
386,753 49
Funds, whlili, by act of Parliament, arc In a distinct
and separate department, for which tin: surplus and
reserve of the lire Insurance Department, named
above, are not liable.
E.
Returns, Ac.
London— Honey Market and Bank Returns.
FlroAssetsheldlnthe U.S. ..$1,767,276 53
The above does not Include the Life and Annuity
CHAS.
New York.
Also execute orders for Merchandise throng*
—
Reserve for
Ket surplus In the United States
LIVERPOOL, LONDON
United States
National Bank Figures; and
Currency Movements.
10
$9,545,054 64
....
ble, not yet c Med in
total Liabilities, including re-insurance, in the U.S.
St.,
JAMES FIN LAY A
Meaars.
Retrospect of 1876.
Mercantile Failure*.
Banking and Financial-
S,517,S28 04
4,61f ,6» 70
. .
176 Pearl
>fe
Advances made on Consignments to
IXITSD STATES BRANCH:
64 William
Co. v
GENERAL
LOXDO\ AND EDINBURGH.
ISC-(llilOUATEI)
&
Henry Hentz
Review,
Financial
cantile Ins. Co.,
Cotton.
Wheless v
COMMISSION MERCHANT'
NASHVILLE, TENNKSSBE.
Special attention given to Spinners' orders.
spondence
Lamkin
&
Eggleston,
Cotton Factors,
YICKSBCRG, MISSa
Orders to purchase Cotton Is our market lolldtedt
Refer .to Meaars. NORTON, 8LALUHTER *
Hew York.
CO
JOSEPH GILLOTT'S
STEEL PENS.World.
SoU by all dealers thrtmgheut ttu
York.
Corre-
solicited.
KaFKRXKcas.— Third and Fourtn National Banks
and Proprietors of Ths Ch«ohiolb
THE CHRONICLE.
Viii
J. 8.
&
R. Smith
Co.,
OBINNAN.
BANKERS
COMMISSION MERCHANTS,
125 PEARL STREET, NEW YORK,
Liberal advances made on consignments. Prompt
personal attention paid to the execution of orders for
the purchase or sale of contracts for future delivery.'"
1
No. 58
PEARX STREET,
118
GRINNAN A DUVAL,
Cotton Factors
1
.
and Commission Merchants,
GALVESTOtf, T&XAS.
J
[
H. W.
&
H.
Farley,
J.
COTTON FACTORS,
COMMISSION MERCHANTS,
A1TD
TINANCIAL AGENTS,
132 Pearl
P.
O Box
Street,
New
3,909.
York.
Transact a general banking business. Particular attention given to accounts of Banks and Bankers.
Advances made on consignments of Cotton, Wool
Hides and Grain.
Future contracts bought and sold on commission. In
New York and Liverpool.
aid to purchases or sales of " Cotton Futures.*' Bill*
or Exchange on the
CITY BANE, LONDON, ani
HOTTINGUER &
PARIS.
CO.,
COTTON
GOLD COIN, STERLING AND OTHER FOREIGN
EXCHANGE, GOVERNMENT AND CORPORATION BONDS, STOCKS AND SECURITIES OF ALL
'
KINDS, bought and sold on commission. Accounts ol
'Mercantile Firms, Banks, Bankers, and Corporations,
received; and Advances made to our customers when
desired, on approved securities, including commercial
time paper received for collection, to such extent, and
In such manner, as may be In accordance with the
nature of their accounts.
:
CORRESPONDENCE SOLICITED, to
Attention
Is
Co.,
Orders executed at the Cotton Exchanges in New
Liverpool, and advances made on Cotton
and other Produce consigned to them or to their Arm
abroad.
BABCOCK
F.
IS.
Pirn
Forwood
&
Co.,
P. 0.
BOX 61
GENERAL COMMISSION MERCHANTS
BOX 4964,
O.
P.
3,
New York.
Execute orders for Future Contracts In New York
and Liverpool, and make advances on Cotton and
other produce consigned to
LEECH, HARRISON & FORWOOD,
LIVERPOOL.
Also, execute orders for Merchandise In
MANILA, SISAL, JUTE
NEW YORK.
contracts for future
made on
Liberal advances
con*
slgnments.
Dennis Perkins
&
Street,
New
R. M. Waters & Co.,
56 BROAD ST., NEW YORK.
for the
A Foreign Marine Insurance
Company of Liverpool.
British
&
at
pool. All Business transacted Strictly on Commis
sion, bo that no interest of our own can possibly
conflict with that of our patronB.
F.Wenman & Co
James
Co.,
COTTON BUYERS & COMMISSION MERCHANTS
60 Stone Street, New York.
COTTON BROKERS,
No. 146 Pearl Street, near "Wall, N.
Established (in Tontine Building)
Y
1841.
-Orders in Futures executed at N. Y. Cotton Exchange
TARRED
GANGS OF RIGGING MADE TO ORDER.
192 FRONT STREET, NEW YORK.
HOME
Company
Insurance
York.
&.
FOR EXPORT AND DOMESTIC USE
Co.,
COTTON BROKERS,
117 Pearl
Sons,
CORDAGE,
he execution of orders
England, China, India and Singapore. BANKERS & COTTON COMMISSION MERCHANTS
Investment Securities bought and sold. Orders exe
UNDERWRITERS IN NEW ORLEANS
cuted
the Cotton Kxchangcs In New York and Liver
H. Tileston
Henry Lawrence &
MANUFACTURERS OF
COTTON EXCHANGE BUILDING,
delivery of cotton.
GENERAL COMMISSION MERCHANTS,
Hen/ Orleans, La,
Miscellaneous.
AND
Special attention paid to
CO.,
&.
LIVERPOOL.
Cotton Factors
for the purchase or sale of
Co.,
SO Wall Street, New York.
MERCHANDISE DEPARTMENT.
which prompt
always given.
&
Babcock Brothers
Advances made on Consignments.
Special personal attention to the purchase and sale
at "• CONTRACTS FOR FUTURE DELIVERY " OF
York.
York and
&
Ware, Murphy
WALL STREET
New
Advances made on Consignments. Special QtSaitlott
IforK.
New w
>
I
Peet,
BANKERS AND COMMISSION MERCHANTS,
AND
Boston,
Street,
Co.,
GENERAL COMMISSION MERCHANTS,
AND
44 Broad
&
Grinnan, Duval
COTTON
Robb &
A.LPHON3H LAtTVK
OF NEW YORK.
OFFICE, No.
BROADWAY.
135
Forty-Eighth Semi-Annual
Statement,
SHOWING THE
Condition of the Company on tho first
day of July, 1877.
CASH CAPITAL
$3,000,000 00
Reserve for Re-Insurance
1,834,003 10
Reserve for Unpaid Losses and
Dividends
NetSurplus
TOTAL ASSETS
$6,143,274 77
SUMMARY OF
Cash
in
267, T80 92
1,041,490 75
ASSETS.
Banks
$417,584 33
Bonds and Mortgages, being
first
Hen on
real estate (worth $4,641,500)
Knoop, Hanemann & Co
commission merchants,
L. F. Berje,
COTTON BUYER AND COMMISSION MERCHANT,
NEW ORLEANS, LA.
BLOSS & INCHES,
62 exchange place, new york.
HOUSKS IN
E
t>
JERSEY
C O
Bliss & Bennet,
<fc
New York.
22
A. J.
MAOAULAY.
WILLIAM STREET, NEW YORK.
Future Contracts for Cotton bought and sold on
in New York and Liverpool.
Commission
Special attention given to the execution of orders
or
the purchase or sale of Contracts for Future
Dellvei>
&
Sawyer, Wallace
&
No. 43 Broad Street,
New
York..
Krohn
Edward H.Skinker& Co.
COMMISSION AND COTTON MERCHANTS,
97 Pearl
Street,
New
York.
COTTON BROKERS,
53
BEAVER STREET, NEW YORK.
Geo. Copeland,
PEARL STREET, NEW YORK.
ISAAC SMITH'S UMBRELLAS.
DownTown Branches:
104 Broadway, Near Wall
7T Fulton
St.,
H.
215
COTTON BROKER,
1136
11
as. J.
H.
St.
Wear Gold.
J.
Baker
&
Bro.,
PEARL STREET, NEW YORK
IMPORTERS AND MANUFACTURERS OV
Prime Quality Chemical Manure
Chemicals for the Villa formulas, for all Crops.
Chemicals for the Stockbrldge formulas.
Dissolved Bone— Sulphate Ammonia, Nitrate Potash
Nitrate Soda, Sulphate of Potash, Muriate of Potash
40 per cent actual Potash.
Super-phosphate Lime
Also, strictly pure ground Bone.
Our descriptive circulars mailed free. The materia
(«r special fertilizers for particular crops.
MARTIN,
WASHBURN,
President.
Secretary.
MTNA
Insurance Company
OF HARTFORD.
INCORPORATED
IN 1819.
1877
$7,115,624 42
$3,000,000 00
Re-insurance fund. ... 1,741,273 48
Unpaid losses
other
429,114 62— 5,170,388 24
claims
Total Asset?, January
1,
Capital
&
NET bUR^LUS, Jan. 1817. $1,945,236 18
BRANCH OFFICE:
1,
No. 173 Broadway,
JAS. A.
C J1TON FACTORS * COMMISSION MERCHANT
47 Broad Street, New York.
Walter
Robt. L. Maitlandfic Co. ?
COTTON FACTORS & COMMISSION MERCHANTS,
Co.,
$6,143,274 77
J.
MAOAULAY.
35
24
79
20
9,928 38
Issued at this office
<
Macaulay & Co.,
COMMISSION MERCHANTS, COMMISSION
MERCHANTS,
427,831
67,333
92,052
8,538
1
GENERAL COMMISSION MERCHANTS
142 Pearl Street, New York.
J. L.
GENERAL
121 Pearl Street,
United States stocks (market value)
Bank Stocks (market value)
and City Bonds (market value)
Loans on Stocks, payable on demand
(market value of Securities, $510, 17 25)
Interest due on ;st of July, 1877
Balance in hands of Agents
Heal estate
Premiums" due and uncollected on Policies
un>
.
1,932,853 00
2,734,01X100
268,697 50
186,456 00
State
Total
COTTON FACTORS
Manchester and Liverpool,
^
Cotton.
*
B. O. DTTYAL.
...
,
Cotton.
Cotton.
B.
Vol XXV.
-i^"
New
ALEXANDER,
York.
Agent.
Liverpool &r
London
& Globe
Instirance Company,
45 William St
a
Assets
In the U.
S.,
$3,000,000
@FedFRASER