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ammtrti
MERCHANTS’
§,
REPRESENTING THE INDUSTRIAL'
VOL. 29.
fJUtMpiiper,
AND
COMMERCIAL INTERESTS
SATURDAY, SEPTEMBER 13,
CONTENTS
THE CHRONICLE
Tending to Check
Cotton Movement and
Crop of
European Shipments of Gold £61
1&78-79.
265
Memphis Calls fur Help
262 Latest
Monetary and Commercial
The Afghanistan Disaster
262
English News
Railroad Earnings in
270
August, and
from January 1 to
Sept. 1
263
News
Influences
.
2*2
sfcurm^^QuowSIFstocks
single
statement
Commercial Epitome
1
Breadstuffs
The
285
286
284
Financial Chronicle is issued on
Satur¬
day morning, with the latest news up to midnight
of Fnday.
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1
INFLUENCES
PEAN
TENDING TO CHECK EURO¬
SHIPMENTS OF GOLD.
the Atlantic.
This
deficient
supply and an inereasdrying up of the channel which has so
long and largely fed the wants or
Europe. What aads greatly to the importance of this
Sold ha” thus faik'd t0
.
,
..
.
■
.
.
_
,
,
.
.
,
.
_
,,
_
.
.
.
,
„
-
.
iisiihI
usuai
if.a
113
repiemsnment,
tfiprp Koirp nrispn
mere nave arisen
tipw
new
drains upon it.
Germany, as we all know, has extracted
a
large sum for its currency wants. But a still
more
is that all
Europe has
virtually demonetized silver,
transact its business and make
and
postage)
across
ing need, for it shows the sudden
time
%\u Chrtfuicle.
Commercial
Year,
way
means a
controlling influence
(including postage)
For Six Months
do
NO. 742.
lfaCt.is>thatwhilethe8t0ck0f
rpnlpnishmpnt
.
THE COMMERCIAL TIMES.
279 I Dry Goods
280 Prices Current
OF THE UNITED
STATES.
1879.
production found its
bnev Market, U. S.
and Bonds
276
Railway Stocks, Gold Market,
| Investments, and State, City and
I rpcpivp
Foreigh Exchange, n. Y. city
|
Corporation
Finances
277 l receive
Banks, etc
273
Cotton
MAGAZINE,
basis,
its
at the
same
that is, has begun to
exchanges
on a
gold
that gold has to do double the work it did
before.
We need not
enlarge upon these facts ; the bare state¬
so
ment
of them
is
sufficient, for our readers will admit
they are facts, andt hat they show that Europe wants
its stock of
gold, and will keep it if it can.
Very pos¬
sibly, however, some will point to the reserves of the
Bank of England as
proving a plethora, or excessive
supply. But does not such a suggestion
ignore the
whole situation,
except the one single fact of the Bank’s
stock? Why is there such an
accumulation, where did
it come from, and who is
suffering because of it ? We
that
cannot
enter
upon these questions to-day.
It is suffi¬
remind the inquirer that that
balance mainly
I indicates the extent of
England’s commercial distress
I
cient
to
and want
holds the
~
Oi
confadence, added
reserve
for the
to the laGt that the Bank
whole
kingdom, and is the
the world.
The increase
during
the year since the failure of
the Glasgow Bank has
clearing house of
been
almost wholly drawn from other
countries, and
be that the general tendency is to over¬
largely
from
the
Bank
of France,
estimate the amount of
reducing the
gold this country is to g< Id reserve of the
so
that
latter,
on
the first
receive this year from
Europe. A bill, for produce of January it was below its
holdings of silver,
bought, of course must be pa d. But it evidently need a condition, which
has not existed
before in its
not be paid in
money, and generally is not. The more
history.
This
latter
fact
is
a
usual system is to barter or
very important one.
exchange products ; Heretofore, in an emergency, when
in addition to that, unmatured
England has wanted
debts, if there are any, an increase of gold, she has been able
to draw it from
are
frequently bought up in settlement by the prosper¬ the Bank of Frar ce. With
how much less
ous creditor.
The medium or instrument of
facility would
payment such a call be responded to
now,
and
will depend upon the relative wants of
especially when a
the traders. If similar drain to
the United States threatens
at present we need
France.
gold more than we need the produc¬
But without
pursuing
this
tions of other countries,
thought it is sufficient for
gold will come here unless it is us to accept the
plain
teaching of the facts so briefly
so much wanted where it
is, that the holders of it are
given, that Europe needs its gold and will make a sacri¬
willing to part with something else valuable at so low a fice to
keep it. Is not the natural conclusion then that
price as to tempt us to take it instead of gold.
our
imports from Great Britain are likely to increase
These are familiar truths,
easily applied to the present this year ? They are
increasing somewhat, through
situation. Can any of our readers recall a time
when our increased
power to purchase, but still lower
Europe had so deep an interest in the retention of her if
prices,
necessarj',
may
furnish
the
inducement
for
stock of gold.
farther
For tl e last three years she has received
purchases.
shall
also
We
but little from the United
probably take home more of
Slates; before that our
It may
entire
tui; own
bonds and stocks.
Therj
are
still rrany
of
,.T»\
HUNT’S
THE CHRONICLE.
262
[vol. xxix.
Europe, not very many floating about the persons of their ordinary sources of support, and also the
isolated condition of the city and the utter cessation of
markets, but higher prices here will bring them out of
the hands that hold them there. The better opinion business, it is easy to see that the need of help must be
very great.
Memphis has for the present lost all
appears to be that our rates of interest will return to a
lower level after the first week or two of October is power of self-sustenance, and must look to the country.
If some practical course is not taken by some authority
passed ; if that is so, and if the appearance is that low
before next Spring, to prevent the return of the scourge,
rates are to rule for some time, our best securities will
rise in value and that will lead to their being thrown it will be an unparalleled instance of helplessness; but
the present is no time to talk of that. The duty now is
upon the European markets, and furnish us the oppor¬
to aid anew this unhappy city, which must lie in the
tunity of drawing in more from Europe. Still, after
shadow for two months more. The country at large is
giving all these suggestions their full force, it seems
necessary to conclude that gold to some extent must con¬ rejoicing in the promise of reviving prosperity and will
tinue to be shipped to this side, for our crops are so very not be indifferent to these appeals when once the reality
of the need is understood.
large and the demand for them is so extensive. But the
extravagant estimates with regard to the extent of this
THE AFGHANISTAN DISASTER.
movement which have found currency in some quarters,
The murder of Major Cavagnari, although it cannot
are by no means likely to be realized.
be compared to the terrible outbreak which took place
in India in 1857, and which for a time threatened to
MEMPHIS CALLS FOR HELP.
make an end of British ascendancy in the East, presents
The ravages of the yellow fever have been so much in vivid and striking resemblance the scenes which were
witnessed in the same region at the close of 1841 and
more confined and less striking than was the case last
the commencement of 1842. At that time, at a cost of
year, that very much less attention has been drawn to
the subject. Yet it is difficult to appreciate the deso¬ some twelve million pounds sterling, British arms had
late condition of Memphis. The city is isolated, neces¬ deposed the so-called usurper, Dost Mohammed, and
sarily. Instructions to the pickets and patrols on duty restored the so-called rightful owner, Shah Soojah
are that persons can come in only during
the six hours ool-Moolk. Scarcely, however, had the great body of
ending at noon each day, and that no person can pass the British troops left Cabul, than the .populace rose in
out after 5 P. M. ;
that no citizen or resident can rebellion and murdered first Sir Alexander Burnes, one
of the principal British representatives, and all his
pass the picket line without a special pass from
the Superintendent of Quarantine ; that persons in attendants, and afterwards Sir William Macnaghten,
the British envoy. The events which followed constitute
camps around the city cannot enter it at all ; that
The
neither lint, cotton, nor seed cotton can enter; that no one of the saddest chapters in human history.
were compelled to
leave Cabul and make their
baggage, bedding, or household effects can pass the British
lines, either way, without a permit; but that provisions way for the Indian frontier. It was mid-winter. Some
and supplies of all kinds may pass, except in cloth sixteen thousand persons, including the British troops,
sacks. Memphis is really in a condition of siege. All the the women and children* the Sepoys, the camp-followers
inhabitants who wished to go and had the means, left it and others, left the Afghan capital; but of these, what
before the lines were drawn, and the desolation may be from the cold, the impassable character of the country,
imagined. Of course there is no business. The people and the brutal conduct of the hill tribes, only one man
them
in
morning. They are
merely existing; they count the days until frost, and
they must be supported by the country.
Latterly, there has been a noticeable increase in the
number of cases, and although the people have quite
nearly taken care of their own needs they are experienc¬
ing exhaustion. A letter to the country has been issued
by the editors of the Appeal and the Avalanche, setting
forth that expenses are now increasing and funds failing.
The Hebrew Hospital Association of Memphis has also
been obliged to appeal for aid, having at the. first
expended nine-tenths of its $10,000 fund on hand in
sending indigent families away. The Preachers’ Aid
Association (colored) has made a special appeal for aid
for the colored orphans left destitute. These are speci¬
mens of
the requests now put forth ; and lest the
announcement of gifts to the Howards should convey the
impression that everything needful can and will be
done by that association, it is proper to state that the
are
in
a
long night, watching for
Howards have resolved not to
furnish medicines,
sup¬
plies, nurses, or any aid, except to yellow-fever patients.
This action is not the dictate of indifference, but of ne¬
cessity, the organization having undertaken a special
work, and finding its resources barely adequate to that
work.
*
The Howards cannot undertake to relieve gen-
is there any relief - association
especially organized for so doing. But destitution
always exists more or less, and when we remember that
most cases of death of adults by the fever deprive some
eral destitution, nor
reached Jelalabad to tell the horrid tale.
It is the memory of this disaster which, although
afterwards amply avenged, lends point and importance
Cavagnari and the present outbreak.
No one can predict the consequences which may flow
from the uprising.
It renders necessary a fresh inva¬
sion and conquest of the whole of Afghanistan; and as
it must necessarily be some time before the troops can
reach the scene of the distuibance, a repetition of some
features of the awful scenes of 1841-2 is not to be
regarded as impossible. Besides, such outbreaks are
contagious; and if the example of the Afghans were to
be followed by an uprising of any of the swarming
tribes of Hindoostan, the consequences might be very
serious. It is clear that the British rule in India is a
blessing to the Indian people, and a mighty agent in
to
the murder of
the great work
number of
the
of human civilization.
In
a recent
Contemporary Review,
no
less
an
the venerable and learned Dr.
Munich, pronounces it one of
the noblest, most beneficent J and effective forms of
government, in circumstances of exceptional difficulty,
that the world has yet known. The diminution of
British power in India would therefore be a calamity.
But it is not to be anticipated; and yet the mutiny of
1857 showed how threatening was the surface on which
British authority rests. For, beneficent and desirable as
is that rule, it is yet the rule of the stronger ; and the
haughty chiefs of India, submissive as they are, wait
authority than
Dollinger, of
*
September 13, 1879; ]
THE CHRONICLE.
impatiently for the time when they shall be able
throw off the yoke of the Feringee.
to
263
greater
practical interest to the banker, broker, or
investor, than the bare statement of mileage. Unfortu¬
It is to be taken for granted that
the British and nately, the secresy in corporate management is a bar to
Indian governments will take immediate
steps to restore obtaining such information at any time when it may be
authority in Cabul. The presumption is, according to desired, and only after the close of the fiscal
year, when
present appearances, that the task, whatever its atten¬ annual reports are
published, is the full amount of
dant difficulties, will be accomplished.
There is no bonded debt to be ascertained.
evidence that Yacoob Khan is in
sympathy with the
Eight months of the year having now elapsed, it is
The belief rather is that he is a worth while to examine the results of traffic
insurgents.
during that
prisoner in his own capital. In the event of peace period in comparison with < the same time in 1878.
being restored and the authority of the Government Placing each class of roads
by itself, the first in import¬
re-established, the important question will have to be ance are the great trunk lines, and
of these we have^ as
answered whether Afghanistan in the future must not
usual, but little information.
be occupied by British
troops and ruled as a province
TRUNK LINES.
of the Anglo-Indian
Empire. It will be difficult, not to
As to the Vanderbilt roads—New York Central &
say unwise, henceforth to trust the Afghan chiefs. Some
Hudson, Lake Shore, Michigan Central and Canada
arrangement is advised by Russian official journals5
Southern—there is nothing. Of the other trunk lines
according to which a common line shall separate Russia the
following :table shows the earnings so far as
and England in Asia.
Perhaps this, after all, will be
reported
:
the solution of the
%
difficulty.
RAILROAD
EARNINGS
IN
AUGUST, AND
FROM JANUARY 1 TO SEPTEMBER 1.
Railroad earnings in August compared
favorably with
the corresponding month of
1878, five roads only out of
the 27 reported in the table below
showing any
considerable decrease. The grain traffic was
large
roads, and the St. Paul and Northwest are
conspicuous for a large increase over their business of
August last year; on the other hand Illinois Central
shows a decrease of $98,166. The
following unofficial
reports have appeared in print: Rock Island for
August shows an increase of $120,000 ; Union Pacific
an increase for
August of $142,000, and for the first
nine days of September of
.$72,000 ; Kansas Pacific for
August an increase of $11,500.
An important point to be remembered now and
during
the ensuing year, is the fact that
many of the roads are
operating an increased mileage. The Atchison Topeka
& Santa Fe,
Chicago & Alton, St. Paul, Northwest, and
possibly Central Pacific, are all operating considerably
more road than at this time last
year, the increase in the
case of St. Paul
being reported unofficially to be as much
as
570 miles,
including the Western Union. On the
other hand, the Grand Trunk of Canada has reduced
its
mileage about 118 miles by the sale of the Riviere du
Loup division. It is impracticable from month to month
to report with
accuracy the miles of road operated by
those lines which are
constantly building, leasing or
purchasing new roads, and the attempt to do so usually
results in serious errors.
The statement of
mileage in
connection with gross
earnings is better omitted, we
think, than published, as it is almost certain to convey
on- some
an erroneous
impression,
where the number of miles
A mile of road counts as a mile
even
GROSS EARNINGS.
/
ROADS.
PERIOD.
Grand Trunk of Can
Great Western of Can
Erie
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Sept.
Sept.
July
Aug.
Jan. 1 to Sept.
Pennsylvania
Wabasli
f
1.
1.
1.
1.
1.
,
1879.
1878.
$5,579,632
$5,707,504
2,996,315
2,747,913
7,664,792
18,196,964
2,899,462
7,131,667
16,988,670
3,148,545
Total gross earnings
$37,088,763 $35,972,701
In addition to the
foregoing exhibit of gross earnings,
we have the
following details for some of the roads :
New YorTc Lake Erie &
Western.—Comparative state¬
ment of earnings and
working expenses for the months of
June, 1878 and 1879
:
1878.
Gros8 earnings
Working expenses
$1,258,989
772,679
1879.
$1,230,419
939,895
Net earnings
$486,309
$290,523
Showing a decrease in net earnings for the month of $195,785.
earnings of the first nine months of the present financial year,
October 1,1878, to July 1,1879,
compared with those of the same
The net
period of last year, show
a
decrease of S333,770.
Pennsylvania Railroad.—The following comparative
earnings, expenses and net earnings
on all the lines
east of
Pittsburg & Erie, including the
statement shows the
Pnila. & Erie road and the Del. & Raritan Canal.
EARNINGS IN JULY.
1879.
Gross earnings
Operating
expenses
Net earnings
SEVEN
$2,536,733
$999,615
$1,051,063
1,485,670
MONTHS, JAN. 1 TO JULY 31.
1879.
Gross earnings
Operating
1878.
$2,782,906
1,783,291
$18,196,964
expenses
11,351,495
Net earnings
$6,845,469
1878.
$16,988,670
10,591,510
$6,397,160
In both the
foregoing reports of Erie and Pennsylva¬
large increase in expenses during the latest month
nia the
reported has attracted
The
attention.
following desultory report from the Baltimore &
July was published in London :
Ohio for the month of
1879.
Gross
earnings
$1,236,955
Expenses
611,582
Net earnings
$625,373
.1878.
$1,058,008
643,104
$414,904
For the ten months of the fiscal
year,
July 31, 1879, there was an increase of
Oct. 1, 1878, to
correctly reported.
$608,785 in net
of road, and if any conclusion at all is to be
drawn from
earnings.
the statement of
mileage it is that there should be an
CHICAGO ROADS.
increase in earnings proportioned to the increase in
miles
In the next group we
may place those Western rail¬
operated. Nothing could be more erroneous than this roads
having termini at Chicago, and depending to a
idea, as it usually happens that the new road added is in
greater or less extent on the traffic in grain and other
a comparatively unsettled
country, and may not earn farm products for their
earnings. The reports so far
even
its operating expenses. The main
question in as furnished are as follows:
regard to new road acquired is concerning the increase
GROSS EABNING8.
ROADS.
PERIOD.
1879.
1878.
of bonded debt, or the increase of annual
& Alton
Jan. 1 to Sept. 1.
obligations Chicago
$3,302,963 $3,000,747
Chic. Bur. & Quincy
Jan. 1 to July 1.
which come with it, and a statement of
6,510,239
6,417,791
Jan. 1 to Sept. 1.
gross and net Chic. Mil. & St. Paul
5,537,000
5,425,949
Chicago & Northwestern
Jan. 1 to Sept. 1.
9,613,529
9,487,936
earnings accompanied by exhibits of the total bonded Illinois Central
Jan. 1 to Sept. 1.
3,436,682
3,602,145
debt or the total interest and rental
The only ones of these
charge at the corre¬
reporting net earnings are
sponding dates in 1878 and 1879 would be of' much the Chicago Bur. &
Quincy, and for the six months of
is
#
i
,
..
*
264
THE
1879 these
and the
578
the
OHRONICjlE.
$2,880,8/2, against $2,774,220 in 1878;
Chicago & Alton, with net earnings of $1,093,were
from Jan. 1
same
to
time of 1878.
MISSOURI
RIVER
Aug. 1, 1879, against $974,937 in
&
SOUTHWESTERN ROADS.
In another group
may be placed together the roads
running west and southwest from the Mississippi and
Missouri rivers. It will be observed that the Kansas
Pacific and St. Louis Kansas
are no
returns
are as
to
Atch.
Topeka & S. F
Hannibal & St. Joseph...
Kansas Pacific
Mo. Kan. & Texas
St. Louis Kail. C. & North.
St. Louis & S. Francisco..
St. Louis Iron Mt. & So..
PERIOD.
to Sept. 1.
to Sept. 1.
to Aug. 1.
Jan. 1
Jan. 1
Jan. 1
Jan. 1
Jan. 1
Jan. 1
Jan. 1
to
Sept.
Aug.
to Sept.
to Sept.
to
1879.
$3,719,518
1,122,530
2,365,235
1,807,800
1,701,369
1.
1.
1.
1.
815 799
2,516,913
$14,202,613
$11,917,550
The totals above show an increase of
$2,185,163, nearly
all made on the Kansas Pacific &
Atchison Top.
Santa Fe.
COAL
ROADS.
It would be
exceedingly interesting if, in still another
the coal-carrying roads could be presented ; but
only the Philadelphia & Reading (except the Pennsyl¬
vania Railroad as
above), makes reports of its earnings,
and these were $8,879,846 for the
eight months, Nov. 1,
1S78, to Aug. 1, 1879, against $7,902,152 in the corre¬
sponding period of the previous fiscal year; but this was
on a
largely-increased coal tonnage at low prices, and no
statement is made of the
expenses and net earnings
during the same time. A mere glimpse of the business
of the Del. & Hudson Canal
Company’s leased roads was
given by a statement published in London for the
months of May and June as follows :
group,
May, 1878.
$331,521
Gross earnings
Expenses
May, 1979.
$381,532
256,306
216,667
Net earnings
$114,854
$125,226
Increase in gross earnings, $50,011; increase in net
$10,372.
During the month about $20,000 were expended uponearnings,
steel
rails, &c.
June, 1879.
June, 1878.
Gross earnings
Expenses
$288,370
$373,230
213,580
190,061
Net earnings
$98,309
$159,650
But of the tonnage of the coal roads the
regular
report for eight months from January 1 to September 1
shows the following in the
present and previous years,
the tonnage in each case
being only that originating
the line to which it is credited :
ANTHRACITE.
1879.
Philadelphia & Readiug
17*600
271,134
2,566,370
2,717,370
Pennsylvania Canal
Central of N. J., Lehigh Div
Lehigh Valley
-Penn. & New York
Delaware Lacka. A Western
Del. & Hudson Canal Co
Penn. Coal Co
State Line & Sullivan
far
1,453,185
31,760
2,086,998
20,032
1,326,632
1,333,439
538,636
20,620
16,461,609
10,496,326
21.707
2,391,342
2,158,690
922,189
Total anthracite
So
3,122,090
366,098
18,311
210,285
562 792
regards a combination among the coal
roads, it may be said that the remarkable fact that the
country took 16,461,609 tons of coal this year against
10,496,326 tons in 1878, and left no great stock on hand
September 1, is far more significant for the interests of
the coal companies than
any temporary combination
could be.
The total anthracite
production for the eight
months for six years past has been as follows :
as
1879
1878
16,461,609 ! 1876
10,496,326 | 1875
1877
9,929,704
10,924,664
12,232,005
12,497,547|1874
GROSS EARNINGS IN AUGUST.
1879.
A teh.Topeka& Santa Fe.
Burl. Cedar Rap. A No..
Central Pacific
Chicago & Alton.
Chcs. & Ohio.
Chic. Milw. & St. Paul..
Chicago & Northwest..
Chic. St. P. & Minneap..
.
1878.
$
510,500
122,827
466.162
104,443
1,552,000
1,726.667
573,863
215,9 i5
729.000
1,347,000
77,902
$
$
44.338
10.484
189,337
26,608
206.514
80,540
1,’66.460
70,688
7,214
174,667
755
29,381
2,296
84,562
1,615
6,089
294,835
98,166
11,494
114,979
19,078
11,264
44,230
348,534
121,500
66,766
10,379
528
2,396
580
60,566
59.900
9,158
29,082
131,145
789,527
77
28,863
153,089
579,120
56,400
9,464,186
725,374
459,669
*
August 29.
| Only twenty-six days in each year.
GROSS EARNINGS FROM JAN. 1 TO AUG. 31.
1879.
1878.
$
Ateh.Topeka& Santa Fe.
3,719,518
884,641
10,849,408
Burl. Cedar Rap. & No..
Central Pacific
Ches. & Ohio
Chicago & Alton
Chicago Milw. & £t Paul
Chicago & Northwest...
Chic. St. P. &
Minneap..
Cl. Mt. V. & Del. & brchs*
Grand Trunk of Cauadat
Great West’n of Canada}
Hannibal & St. Joseph..
Illinois Central (III. line).
do (Iowa leased lines)
Internat’l & Gt. North..
Missouri Kansas & Tex..
Mobile & Ohio
Paducah &
Elizabetht’n^
Paducah & Memphis*...;
St. L. Alt.&T. H.(brc’hs).\
St. L. Iron Mt. & South’n.
St. L. & S. E.—St. L. Div..
St. Louis & S. Francisco.
Scioto Valley
Toledo Peoria & Warsaw
Wabash
992,981
11,094,474
1,234,015
1,202.136
3.302,963
5,537,000
9,613.529
659,200
234,178
5,579,632
*
302,216
111,051
125,593
227.868
0,310
883,648
1,009,300
793,193
1,770,520
127,872
248,402
72,546
111,171
85.916
198,416
126,791
303,371
2,516,913
405,301
743,709
174,573
836,161
3,148,545
438,733
815,799
202,816
780,392
2,899,462
61,952,826
165,463
125,652
37,280
1,146,589
175,333
97,769
326,345
2,670,362
31,879
94.293
5,707,50 4
2.996,315
1,195,076
3,602.145
$
108,340
245,066
3,000,747
5,425,949
9,487,936
564,907
2,747,913
1,122,530
3,436,682
904,364
1,807,800
1,060,673
Total
Net increase
Increase. Decrease.
$
$
2,304,298 1,415,220
23,113
22,974
153,449
33,432
72,090
29,022
,
28,243
55,769
249,083
61,007,627 2,513,322 1,568,123
945,199
*
Three weeks only of August in each
year.
January 1 to August 30.
} Januaiy 1 to August 29.
'
t
GROSS
EARNINGS, EXPENSES AND NET EARNINGS.
The statement below gives the gross
earnings, operating expenses and
net earnings for the month of
July, and from January 1 to July 31,
of all such railroad
companies as will furnish monthly exhibits for
publication:
-July.-
1879.
Atlantic Miss. & Ohio—
Gross earnings
.
528,923
664,936
50,263
36,028
324,787
224,315
107,990
82,527
95,007
80,968
761,814
515,089
640,515
25,463
14,039
246,725
248,023
536,843
320,814
433,473
2,720,755
1,627,177
2,437,368
1,462,431
216,029
174,081
1,093,578
974,937
14,529
7,788
19,194
118,328
71,947
124,301
66,728
0,741
9,421
46,381
57,573
4,530
1,770
3,088
.1,667
22,953
10,664
19,00.3
11,841
2,810
1.421
12,289
7,162
186,848
135,914
146,637
1,389,522
998,555
1,176,760
1,021,060
50,934
18,730
390,967
155,700
98,295
105,120
92,398
75,917
782,588
626,200
677.506
519.507
def.6,825
16,481
156,388
157,999
15,319
10,120
15,130
13,177
88,901
88,719
115,527
92,129
5,199
1,953
Net earnings.
expenses
Net earnings;
$
259,392
9,773
Houston & Texas Central-
127,907
International & Great North
$
,
Memph. Pad. & Northern—
Net earnings
182
Nashv. Chatt. & St. Louis-
Operating
exp.,
iucl. taxes
Operating expenses
Net earnings
Operating
expenses
888,538
23,398
112,703
971,476
84,653
637,508
631,861
39.935
28,050
333,968
302.815
49,176
31.570
43,857
37,871
17.606
r>.986
Pennsylvania (all lines east of Pittsburg & Er}
Gross earnings
$
889,251
133,590
93,655
Ogdensbui-g & Lake Champlain—
Gross earnings.
1878.
853.710
Frankfort & K «komoGross earnings
Operating
July 31.-
127,441
91,413
,
Dakota SouthernGross, earnings
Operating expenses
✓-Jan. 1 to
1879.
$
138,224
87,961
Expenses (incl. extraord’y)>
Chicago & Alton—
>
1878.
18,384
563.379
522.486
$
$
Three weeks only of August in each
year,
t For the four weeks ended
August 30.
I For the four weeks ended
Net earnings
Increase. Decrease.
$
21,412
638,529
338,765
214,222
572,827
103,062
115,687
f,729,891
1878.
4,797,655
Northern Central, Slmmokin Div., &c
Sunbury Hazleton A Wilkesbarre
Increase. Decrease.
265.705
1,195,076
1,739,159
1,770,520
1,747,775
743,709
2,670,362
$
306,329
104,600
18,550
8,868
43,650
409,100
181,400
75,924
29,005
102,282
942,616
522.720
Total.
$2,304,298
1878.
$
667,910
336,469
129,660
474,661
104,677
121,776
...
1878.
1879.
20,657
Wabash
-GROSS EARNINGS.-
Total
upon
Clev. Mt. Vernon & Del.*
Grand Trunk of Canada t
Great West’n of
Canada}
Hannibal & St. Joseph..
Ill. Cent (Ill. line;
do
(la. leased lines)
rnternat’l & Gt. North..
Missouri Kansas & Tex..
Mobile & Ohio
Paducah & Elizabetht’n*
Paducah & Memphis*
St. L. Alt.&T. H.(brc’h8).
St. L. Iron Mt.& South’n.
St. Louis & S. Francisco.
St. L. & S.E.—St. L. Div..
Scioto Valley....
City & Northern reports
July 31. Of those reporting, the
Toled^
Peoria & Warsaw
Union Pacific§
follows :
later than
ROADS.
c
[VOL. XMX.
2.782,90<;g ',=*
1,783 291 1,+
934,676
'
18,196,964 16,988,670
7,670 11,151,495 10,591,510
;
September 13, 1879. |
.
THE CHRONICLE.
July.
Philadelphia &
1879.
1878.
$
174,386
$
214,081
162,269
66,632
51,812
332,166
218,140
299,161
177,493
114,026
121,668
47,622
36,065
47,720
32,605
11,557
15,115
Erie-
Gross earnings
Operating expenses
24i;0lK
Net earnings
St. Lotiis Iron Mt. & Sout’n—
Gross earnings
Operat’g and extra’y
exp.
Net earnings
St. Paul «fe Sioux CityGross earnings
Operating
expenses
Net earnines
Sioux City & St. PaulGross earnings
/—Jan. 1 to July 31.—n
1879.
1878.
have been newly reorganized, and
by leases or consolidations
$
$
perfected their connections, which has assisted in
1,595,103 1,475,733
making lower
1,180,358 1,106,100 through rates practicable. Besides that, our mills
generally
prefer bringing cotton that way, because it then comes direct
414,745
to
369,633
its place of destination, without
trans-shipment, and saves all
2,261,262 2,168,379 cost of
handling. Whether the movement will further increase
1,661,711 1,381,591
this year must
depend entirely upon the disposition of the roads
599,551
786,788 themselves. In the
absence of any better
paying business, it
would
seem
as
if
349,775
332,833
they must make the effort to attract all they
225,206
208,424 can to their
reorganized lines. Of course, however, each
124,569
124,409
188,063
201*,232
28,325
expenses
27,519
26,980
21,104
171,979
Net earnings
Southern MinnesotaGross earnings
1,345
6,415
16,084
54,819
50.392
53,201
30,378
315,720
427,184
190,175
Operating
Expenses
23,261
Net earnings
The following June
265
152,413
year’s
great measure the increased or
decreased yield in those districts
through which the roads pass.
movement
will follow
in
In
determining this year the portion of the crop forwarded by
each of these different
routes, we have introduced no new
features.
139,581
And yet, to prevent
any misunderstanding,
usual explanation is
necessary.
First.—We have followed our usual plan of
our
counting each bale
of cotton at the Southern outport where it first appears. This is a
June.
-—Jan. 1 to June 30.—,
simple rule, applying to every part of our annual cotton
crop
^
^
N. Y, Lake Erie & West.—
report.
In this way we not only preserve the*
1879.
1878.
1879.
1878.
unity of the
Gross earnings
1,230,419 1,258,988 7,604,792 7,131,666 report, and therefore
Operating expenses
simplify it, but, as a consequence, also
939,895
772,679 5,809,950 5,173,926
make it more intelligible, and less liable to
error.
Net earnings
290,524
486,309 1,854,812 1,957,740
Second.—From the gross carried overland we
consequently
deduct all cotton shipped by
rail from Southern outports to the
North. For instance, from New
COTTON MOVEMENT AND CROP OP
Orleans, Mobile, &c., frequent
1878-79.
shipments
are
thus
an
made,
account
of which is kept,
Our statement of the cotton
but it is
crop of the United States for the all included in the
crop
Orleans
or Mobile, &c., as the
of
New
year ending September 1, 1879, will be found below. It will be
case may be, when it first
seen that the total
appears there, and therefore when
crop this year reaches 5,073,531 bales, while the
same cotton
appears again in the overland, it must of
the exports are 3,467,565
bales, and the spinners’ takings are course be
deducted, or it will be twice counted.
1,568,960 bales, leaving a stock on hand at the close of the
year
Third.—We
deduct from overland likewise the small amounts
of 59,110 bales. The tables which follow
show the whole move¬ taken
from the Southern outports
ment for the twelve months.
for Southern consumption.
The first table indicates the
They,
also,
for
sake
of
the
unity and simplicity, are counted at
stock at each port Sept.
1,1879, and the total on Sept. 1, 1878, the
where
outports
first
they
appear. But, as is well known,
the receipts at the ports for each of the last
two years, and the the
entire Southern consumption is made
up in an item by
export movement for the past year (1878-79) in
detail, and the itself and added to the
crop. Hence, unless these small lots
totals for 1877-78.
which thus go into Southern
consumption from the Southern
RECEIPTS YEAR
outports are deducted somewhere, they will be twice counted.
EXPORTS YEAR ENDING SEPT.
ENDING—
1, 1879. Stock
PORTS.
Fourth.—We also deduct the arrivals
during the year by
Sept.l,
Sept. 1,
Great
Sept. 1,
Chan¬
Other
1879.
railroad
1879.
from the West and South at New
Fr’nce
1878.
Britain.
Total.
nel.
for’gn.
York, Boston, Balti¬
Louisiana.. 1,187,365 1,391,519
more, Philadelphia and Portland.
Those
669,718
8,203
218,499
347,326
1,243,746
receipts
reached these
Alabama...
4,595
862,408
419,071
56,649
35,583 30,982
123,214
S. Carolina.
ports by coming across the country, and appear
2,456
507,021
450,980
142,270
3,713 55,868 177,415 379,266
in our weekly
235
Georgia
704,752
604,676
197,453
7,928 23,646 232,877 461,904
Texas
totals, becoming a part of the receipts at the
1,687
582,118
461,823
213,615 11,036 60,4,84 68,682 353,817
ports,
under the
Florida
5,346
56,716
21,818
13,967
1,967
heads of “New York” and “Other
1,101
N. Carolina
17,035
135,815
150,505
40,212
Ports,”
but
now
have
3,580
2,050 22,169
been
68,011
57
Virginia.
568,383
513,985
199,815
713
divided up and included under each
3,008
203,536
New York.
386
147,808* 145,412* 298,063 14,853 19,699
separate
city,
according to
38,232 370,847 36,358
Boston
108,996*
110,992*
124,468
the amount thus received
2
124,470
3,234
Miiladelp’a
by it during the year, as indicated in
61,323*
52,861*
25,879
510
26,389
Baltimore
3,390
20,611*
13,563*
the first table of this
76,278
496 18,429
95,203
Portland
report. All this cotton, then, having been
1,366
8,960*
8,440*
S. Fr’ncisco
127
counted during the year, must now be
127
deducted as has been
27.13L
22,823
figures have but recently
176,139
come to
237,009
hand.]
,
*
..
.
....
-
..
„
.
.
,
.
.
.
......
Tot.this
yr.
Tot. lastyr.
4,447,276
.
4,345,645
2,058,514
j 2,036,732
49,313 419,005 940.733 3.467.565
125,578
495,499^ 688,831,3.346,640
13?” * These figures are only the
portion of the receipts at these
arrives overland from Tennessee, &c.
ports which
By the above it will be seen that the total
receipts at the
Gulf shipping parts this year have been 4,447,276
Atlantic and
bales, against 4,345,645 bales last
shipments from Tennessee
turers,
we
have the
year.
If now we add the
and elsewhere direct to
manufac¬
following
as
the crop statement for the
two
years.
/
-
Receipts at the shipping ports
bales.
Add shipments from
Tennessee, &c., direct to
manufacturers
Total
Manufactured South, not included
in above.
Total cotton crop tor tlic
year (bales)
The result of these
figures is
a
Year
ending Sept. 1
1878-79.
.
1877-78.
4,447,276
4,345,645
474,255
317,620
4,921,531
152,000
4,663,265
5,073,531
With these
explanations,
our
detailed overland movement
given below will be readily understood. Of course, in
making
up that movement we have followed the plan which was
first
suggested and acted upon by ourselves fourteen years since.
Up to that time this item had only been a crude estimate, based
upon the Memphis and Nashville statements.
Now we have
made it as exact a record as any
other portion of the crop total.
Below is our usual outline
map or diagram, by the aid of which
one can
readily trace the course of the movement where it
crosses the
Mississippi, Ohio and Potomac rivers, as given in the
.
statement which follows.
148,000
4,8 11,265
total of 5,073,531 bales
crop of the United States for the year
It thus appears that the
done.
59,110
43,449
as
the
ending August 31, 1879.
running weekly statement of the
marketing of the crop has been made more complete and full
the past season than ever
before, the corrections in preparing
the crop report
being smaller than for any other year within
our record.
We now give in detail the
processes by which the
above
conclusions have been reached.
Overland and Inter-State
Movement.
There has been this year a further and
quite unusual progress
in the overland movement of
cotton. This
was
probably due,
for the first part of the
season, to the yellow fever epidemic,
which, checking shipments through New
Orleans, forced the
cotton
North
the roads ; later on, it is to be
accounted for
by the low rates for freight, which enabled the route overland
to retain the business it had
secured. Some of the
over
railroads
A
B
C
D
E
F
G
Mo. Kan. & Texas RR. connection.
Springfield & 111. Southeastern RR.
Illinois Central RR. and branches.
St. Louis & Southeast’rn RR. (from
Shawneetoten
and
Evansville.)
Cairo & Vincennes RR.
Evansville & Crawfordsville RR.
Louisville New Albany & Chic. RR.
H&K Jeffersonville Madison & Indian¬
apolis RR. and Madison Branch.
I
Ohio & Miss. RR., Louisv. Branch.
L
Ohio & Miss. RR., main line.
M Connections in Ohio of the Balti¬
more & Ohio RR.
O
P
Baltimore & Ohio RR.
Louisville & Nashville RR.
Memphis Branch.
and
S Through
route
Mem phis
Chesapeake
& Ohio
RR. to Norfolk.
T
U
Orange Alexandria & Manassas RR.
Washington route, via Richmond
Fredericksburg & Potomac RR.
Richmond Chesapeake & York Rir.
Railroad.
W Southern route from Richmond and
Norfolk.
X Short Line RR., Louisville to Cin¬
cinnati.
V
r
266
THE
CHRONICLE.
By examining the above diagram, and with the aid of explana¬
our previous annual
reports, nothing further
will be needed to explain the
following statement of the move¬
ment overland for the year
ending September 1,1879.
[VOL. XAIX.
Florida.
tions made in
Shipments for the
year
Carried North
over
Carried North
over
Carried
over
Mississippi River above St. Louis
Carried North
over
Carried North
Carried North
over
To coastwise ports
Stock at close of year
Deduct:
Stock beginning of year.
332,101
24,886
82,399
112,301
Illinois Central Railroad from Cairo, &c
Cairo <fc Vincennes Railroad
St. Louis & Southeastern RR
Evansv. & Terre Haute RR.. less
None.
14,061
over Jeffersonville Madison &
Indianapolis RR
132,270
Carried North over Ohio & Mississippi Branch
61,455
Shipped through Cincinnati by Louisv. Cincinnati & Lex. RR... 32,193
Receipts at Cincinnati by Ohio River, &c
86,796
Carried North over Washington City
Virginia Midland & Great
..
Total carried overland
Receipts overland at New York, Boston,
Philadelphia, Baltimore & Portland
St. Louis, &c., shipments to Louisville, New
Orleans, &c
land
12,886
To coastwise
^Galveston
Mobile
6,927- 349,625
now
As stated
Upland
462
31
Total
*
product of
In overland
which
are
1,909
4,595—1,442,638
177,724
year
1,907
143,779
9,200
2l6
Upland
19—
Upland.
1,333
2,286
•
8
14
4,086—1,711,031
119,580
21,356—
557
1,400
1,949
113-
7,406
319,512
....
1,391,519
56,677
92,714
.
....
Burnt.
Stock at end of year
Ded uct:
Stock beginning of year.
.
123,214
57—
135,946
500
131—
150,901
131-
131
396—
396
770
320—
product of year
135,815
150,505
shipments 8,651 bales went inland by railroad from Wil¬
mington North and 14 bales to Charleston, and are deducted in overland.
*
636
363,612
93
1,106—
Total
164,093
255,712
239,303
1,106—
421,547
1,204
2,456—
-
Of these
Virginia.
Exported from Norfolk, &c.:*
To foreign ports... i
203,536
To coastwise ports.
354,592
Taken for manufacture....
9,925
20
2,476
Burnt
Stock at end of year,
159,357
347,592
12,373
ton
Stock
349,145
239,277
406
5,346—
593,391
6,406
463,685
11,273
4,768—
beginning of year.
From Memphis
From Nashville
From
other
places
56
519,383
3,493
1,905—
5,398
Tennessee.
386,657
47,360
-
'
in
416,396
53,029
Tennessee, Mississippi,
6,862
Total product of year
582,118
461,823
*
Coastwise; exports are made up as follows:
219,113 bales from
Galveston; 15,075 bales from Indianola; 40 bales from Brownsville.
Included in coastwise exports are
1,884 bales carried from Galveston
North by rail, which are deducted in overland.
*
*
There were 1,237 bales burned on
ship Lancaster and 691 bales on
bark C. W. Cochrane. As these items
are included in exports we omit
them
here.
56—
56—
Wilming¬
Shipments:
2,094
1,039
3,828—
3,823-
563,439
product of year
568,383
513,985
*
“
Norfolk, &c.,” exports are made up this year as follows: To
ports all the shipments are from Norfolk; to coastwise ports foreign
all the
shipments are from Norfolk, except 115,434 bales shipped from.-Rich¬
mond, Petersburg, &c.
747
234,228
386—
Total
224,427
4,672
Nor¬
folk, &c
Ded uct:
Received from
ports (except
g^ock beginning of year.
879
O'
Texas.
To coastwise ports*
Burnt and manufactured..
Stock at close of year
Deduct :
Received at Galveston
from Indianola, &c....
Recov’red from brig Hera
9,013
North Carolina.
Exported from Wilmington, &c.:
To foreign ports
6 ,011
To coastwise ports*
6' ,878
Taken for consumption
Exported from Galveston, &c.:
Mexico, from Eagle
Pass, &c
949—
Total product of year
507,021
450,980
Included in the foreign exports from Charleston this
year are 8,129
bales Upland to Liverpool from Port Royal.
Total product of year.
362,408
419,071
*
Under the head of coastwise
shipments from Mobile are included
219,745 bales shipped inland by rail, and 8,127 bales shipped inland
by
water, all of which, with 550 bales local
consumption, will be found
deducted in the overland movement.
Mexico)
459,993
5,550
......
To
113—
1,852
Sea Island
Alabama.
Receipts from N. Orleans
Stock beginning of year.
foreign
1,852
514,427
408
Sea Island
Stock beginning of year:
7,439
2,223
1,187,365
Deduct:
To
30,364
nah, &c.—
1877-78.—
have deducted these two items,
except 93 bales
deducted at Mobile as received there from New
Orleans.
To coastwise ports
Burnt and manufactured..
Stock at close of year
6,463
1,897
Upland
we
Exported from Mobile :*
To foreign ports
99-
George¬
14
255,273
1,869
16,742
4,344
from
Sea Island
Receiv’d from Wilmingt’n
Received from
Savan¬
173,562
150
1,785
Sea Island
Deduct:
Received from Florida-
1,453,096
244,187
191,926
692
2,465
299,503
6,366
r
,
&c.,
4,946
Upland
give the details of the
,
73,313
4,086—
25,844
14—
Burnt
Stock at close of year:
Louisiana.
...
5,962
3,355
town, &c
the two years.
Btock at close of year
Deduct:
Received from Mobile
Received from Florida...
Received from Galveston
and Indianola
Stock beginning of year..
14—
Exported from Charleston, &c.:
To foreign ports—Upland
374,097
To foreign ports—Sea Is’d
5,169
To coastwise ports—Up¬
land
119,485
Exported
reaches 474,255 bales,
against 317,620 bales a year ago. This shows an increase over
last year of 197,979 bales in the gross
movement, and of 156,635
Exported from N. Orleans:
1878-79.
To foreign ports
1,243,746
6,932
3,355
721,494
year:
coastwise ports—Sea
Island...
ment direct to manufacturers this
year
Manufactured*
8—
To
total carried overland this year
891,619 bales, against 693,640 bales last year, and the move¬
by rail and by river*...
2,847
.
South Carolina.
According to the above, the
To coastwise ports
To Northern ports,
8,459
product of year.
704,752
604,676
are only the receipts at Savannah from the
Florida outports,
and, being counted in the Florida receipts, are deducted here. Besides
these amounts there have also been ?5,669 bales
Upland and 3,763 bales
Sea Island, from the interior of Florida, received at Savannah
during
the year by rail.
can
entire crop for
6,500
*These
above, these items
now
258,828
Total
14—185,607— 67,739
We
of
Sea Island
1,808
net movement.
233,012
75
Upland*
Sea Island*
Stock beginning
to be deducted
bales in the
348,302
2,937
Charleston, <fcc
are deducted—(1) so that “ Southern
be added to the crop in one item; (2) because “
Ship¬
ments Inland” have once been counted as
receipts at the ports named.
was
1,786
Received from Florida:
1,808
Consumption ”
460,110
1,679
Deduct:
Received from
Mobile
and New Orleans
Received from Beaufort,
417,364
Leaving the direct overland movement not elsewhere count’d 474,255
*
6
456
Upland
North Carolina ports
8,665
Virginia ports
10,196—253,346
Less shipments inland heretofore deducted—
Mobile from New Orleans
98
New Orleans from Mobile
177,725
Savannah from Mobile, &c
5,962
Total
21,824
6-
2,910
Sea Island
Charleston
Charleston from Savannah
Charleston from Wilmington
.-
Georgia.
Burnt
Manufactured
Stock at close of year :
2,371
228,422
Savannah.
—
Exported from Brunswick, &c.:
To foreign ports
8
To coastwise ports.......
18,391
1,884
New Orleans
ports—Sea
Island
342,698
Southern consumption and shipments inland
from*—
’
'
891,619
Deduct—
56,716
—
Exported from Savannah:
To foreign ports—Upland
To foreign ports—Sea Is’d
To coastwise ports—Up¬
271
Shipped to mills adjacent to river and to points above Cincinnati
5,277
16,547
39,681
Total product of year....
56,716
*
These figures represent this year, as
heretofore,
from the Florida outports. Other Florida cotton only the shipments
has gone inland to
Savannah, Mobile, &c., but we have followed our usual custom of count¬
ing that cotton at the outports where it first appears.
Of the coastwise shipments 7,634 bales were
shipped from Mobile to
Pensacola and are deducted under the head of Mobile in
overland.
re-shipm’ts
Southern Railroad
-1877-78.-
>
Exported from Fernandina, &c.:*
To foreign ports
17,035
Bales.
from St. Louis
1878-79.
,
Texas, &c
Stock in
Memphis and
Nashville at end of year.
Deduct:
574,811
1,659—1,010,487
409,127
1,045—
-
Shipped from Memphis to
New Orleans. &c
<
Shipped from Memphis to
Charleston, &c.
Shipped from Nashville
to Charleston, &c....
..
109,934
104,866
69,555
85,936
12,950 '
33,666
879,597
September 13,
THE CHRONICLE
1879.J
Tennessee—(Concluded.)
,
1878-79.
,
Shipped direct to
facturers
474,255
Total
shipments
York, &o
to
1,045-
from
317,620
667,789
6,241^
548,329
New
Add shipments to manu¬
facturers direct
product
for that
-1877-78.-
-
manu¬
Stock at Memphis and
Nashville at beginning
of year
Total
.
342,698
331,268
474,255
317,620
Ten-
nessee*.
Total product detailed above
816,953
by States for the
648,888
year
September 1, 1879
Consumed in the South, not included
ending
4,921,531
152,000
Total crop in the United States for the year ending Sept. 1,
1879
5,073,531
*
Except the shipments to New Orleans, Norfolk and Charleston,which
included in the New Orleans, Virginia and South Carolina crops.
Below we give the total crop each year since 1832 :
are
Years.
Bales.
1878-79.... 5,073,531
1877-78.... 4,811,265
1876-77.... 4,485,423
1875-76.... 4,669,288
1874-75.... 3,832,991
1873-74.... 4,170,388
1872-73.... 3,930,508
1871-72.... 2,974,351
1870-71....
1869-70....
4,352,317
3,154,946
2,439,039
2,498,895
2,059,271
1868-69....
1867-68....
1866-67....
1865-66.... 2,228,987
1861-65
No record.
Years.
Bales.
1860-61.... 3,826,086
1859-60.... 4,823,770
1858-59.... 3,994,481
1857-58.... 3,238,902
1856-57.... 3,056,519
1855-56.... 3,645,345
1854-55.... 2,932,339
3,035,027
3,352,882
3,090,029
1853-54....
1852-53....
1851-52....
1850-51....
1849-50....
1848-49....
1847-48....
1846-47....
2,415,257
2,171,706
2,808,596
2,424,113
1,860,479
Years.
1845-46....
1844-45....
1843-44....
1842-43....
1841-42....
1840-41....
1839-40....
1838-39....
1837-38....
1836-37....
1835-36....
1834-35....
1833-34....
1832-33....
1831-32....
Bales.
2,170,537
2,484,662
2,108,579
2,394,203
1,688,675
1,639,353
2,181,749
1,363,403
1,804,797
1,425,575
1,360,725
1,254,328
1,205,394
1,070,438
987,477
Consumption.
The past year has
been truly memorable one in cotton spinning
the nature of the crisis
generally understood,
so that each
succeeding month has proved an increasing disap¬
pointment. Our readers may avoid a similar experience the
present season by accepting the lesson taught, and by refusing
longer to hope for a consumption based on the old conditions.
The truth is, late events have given new proof of the import¬
ant fact that there are too many spindles in the world for them
all to find profitable employment. This condition will not
last,
but it enforces a period of rest until the capacity to consume
goods shall overtake the capacity to spin. The breaking out of
our war and the
blockading of the Southern ports added sudden
wealth to all other cotton-producing countries, while in the
United States, under the influence of rising paper values, there
was seemingly a marvelous
growth in wealth. Here was a re¬
markable development of purchasing power, quickly exciting an
unnatural demand for European manufactures. As the war
closed, this stimulating process received a new impulse through
the many millions borrowed by us in
Europe and recklessly and
lavishly thrown back there for European products to feed the
extravagance the borrowed money fostered. Under these con¬
ditions cotton spindles increased so rapidly that against a
con¬
sumption of about 1,705,400,000 pounds in 1866-67 they had
reached a capacity in 1878 of about 2,400,000,000 pounds, or
about 4x/£ million bales, of 400 lbs. each, in 1867 against about 6
million bales of the same weight in 1878. Furthermore—and
this is the more important fact—Great Britain, instead of
being
almost the sole producer of many descriptions of cotton
goods,
only furnished at the latter date about 40 per cent of the total
production (and much of that a forced trade), every European
country together with the United States and India having
become co-partners in the work. And now our panic, which
first took the mask off here and
subsequently disclosed the
unreal in Europe as well, has left Great Britain to divide
up
the normal consumption between herself and her new
partners;
not so much that any of these countries have become
exporters
of goods as that they have curtailed
England’s exports by
supplying to a greater extent their own consumption. Even
this very season Eussia has increased her
takings of cotton
about two thousand bales per week, which
simply means so
a
well as in cotton raising. Unfortunately,
.the world was passing through was not
as
'
much less demand
on
pays for her food with the profit on
she is left with greatly-enlarged
her manufactures. To-day
supplies to pay for, and
diminished, if not diminishing, profits to pay with.
Are we not thus brought to the conclusion that it would be
wiser to anticipate a decrease in European consumption this
year rather than an increase ? We do not mean that the
present extreme prostration at Manchester will continue in
its full force, for that prostration is in
part due to the
general distress prevailing in Great Britain; and upon her
home trade our own reviving industries are even now hav¬
ing a favorable effect. This favorable influence will also
extend as the year progresses, not only increasing in some
degree England’s export of cotton goods, but, through
revival of other trades, giving employment to and
enlarging
the consuming power of the working classes there. Yet the
recovery must be very slow, and limited by the facts (1) that
England has permanently lost in great part the Continental
and American trade in manufactured cottons, while
(2) her
18695-32407
Eastern and South American trade must remain in
ized condition so long as silver is depressed and
it not therefore difficult to
Had it not been, however, for the fluctuations in silver,
the end
come so soon or been so ruinous in its
effects;
would not have
see
a
demoral¬
fluctuating. Is
during
how Great Britain can,
the
coming twelve months, work up to the full average of this
year; the Continent is likely to show some small increase
in its takings, but scarcely sufficient to make up for the
falling
off in England’s demand. In this connection we give Mr. Thomas
Ellison’s statement of consumption of Great Britain and the
Continent since 1870, adding, for previous years, figures here¬
tofore given by us, with an estimate for the year which ends
with Oct. l. In the table three ciphers are omitted.
Season of
Great Britain.
*
Deliv¬
eries.
Consump¬
tion.
Deliv¬
eries.
Consump¬
Lbs.
Lbs.
Lbs.
Lbs.
Continent.
Total Europe.
tion.
Deliv¬
eries.
Consump¬
tion.
Lbs
Lbs.
853,973
852,700
554,212
567.400 1,408,185 1,420,100
902,836 1,024,000
626,850
681.400 1,529,686 1.705.400
1,001,810
947,500
653,450
691,900 1,655,260 1.639.400
1878-69
985,900
926,146
690,690
584.400 1,616,836 1,570,300
1,165,360 1,065,400
637,140
633.400 1,802,500 1,698,800
1,263,024 1,195,272
898,700
784,700 2,161,724 1,979,972
1,127,520 1,195,272
693,350
788,350 1,820,870 1,983,622
1,280,640 1,227,453
802,638
821,638 2,083,278 2,049,091
1,240,706 1,259,836
893,113
872,000 2,133,819 2,131,836
1,198,838 1,224,377
894,262
915,375 2,093,100 2,139,752
1,270,287 1,270,287 1,026,374
961,143 2,296,661 2,231,430
1,278,538 1,273,256
920,032
979,895 2,198,570 2;253,151
1,193,158 1,193,158 1,014,597
989,415 2,207,755 2,182,573
1878-79*. 1,100,000 1.125,000 1,025,000 1,000,000 2,125,000 2,125,000
*
.
.
.
.
.
.
.
.
.
.
.
.
.
Estimated.
The
cotton-manufacturing industry of the United States has
passed through an experience quite different from that of Great
Britain, both in origin and nature. Great Britain has been, and
is, suffering mainly, as we have seen, because her old customers
have left her and have begun to manufacture for themselves.
We had no customers to lose other than the home demand, and
that was checked—except at ruinously low
prices—by reason of
our
poverty, the result of years of reckless extravagance.
But the prosperity which has at length come has been reached
through a process which makes it doubly valuable; for our
enforced economies have taught us how to produce
goods
cheaper than ever before. To show the present situation of
the trade, we have prepared the following statement of the
prices of prints, standard sheetings and low middling cotton on
the first day of each month for the past three years.
Year
Ending with August 31-
1879.
1878.
o5
Low
Midd’g
Upland
C
Print-
%
%
ing
a o
Ct 43
Cts.
Sept.. 111516
0
*
45
OQ
®
64x64. Cotton.
814
814
314
314
314
33s
101316
814
814
814
8q
814
814
7k}
7k}
7k}
71-2
878
712
Jan..
9U6
7k}
Feb..
91s
7
.
11
11
10k}
714
714
3316
314 m
101q
814
8k>
414
43e
418
11
.
8k}
338
10316
91516
<-
1H16
Ilk}
Low
c5
a
10%
1078
Cts.
X
Print-
ing
Midd’g
Cloths, Upland
Cts.
712
Ohe
April. 10516
May.
119ig
June.. 121316
July.. 121b
Aug.. 113J0
p-s
'O
3J116
3916
918
March
tt
p
734
Nov..
..
Midd’g
Cloths, Upland
2
**
Cts.
1012
Dec
Low
64x64. Cotton.
Oct...
1877.
06
£
Cotton.
Why, it
hoped was temporary, has ever since the panic and even pre¬
viously—for the development then coming cast its shadow
before—been engaged in a fictitious trade, an effort to make
up
in a forced way for the actual
falling off in demand from these
very countries. The failure [of the City of Glasgow Bank was
the first of a series of events which disclosed the real
situation,
showing that there was not at present a capacity among her
customers to consume the product of all of
England’s spindles.
disturbing influence which not only doubled the
was a
losses in the cotton industry, but made them common to all
her other industries. Finally, a series of
increasingly-bad crops
has, as it were, added the last feather to the burden. England
Manchester from Russia.
may be asked, did not the full effect of these facts
become evident before the present season ? For the
very simple
reason that Manchester, to
bridge over the difficulty which it
267
Cts.
Cts.
Cts.
33i
11
31116
31116
10916
10n16
378
1158
1218
4
35s
3k}
314
3516
35j6
3^8
3*8
12716
,
u
a
*
73
'C a?
a <0
a 43
Print-
ing
Cloths,
64x64.
Cts.
Cts.
8k}
8k}
4ks
8k}
4k4
4k}
434
5H
814
8k2
8k}
5
12
9
478
1118
103s
8 k}
4iie
8 k}
4k3
43s
43s
414
101310
111516
1158
8
8%
8l4
Note.—Sheetings—Agents’ prices are given. Print Cloths—Manufac¬
Quotations are given on or about the first of each month.
turers’ prices.
268
-
IHE CHRONICLE
We here
the 1st of
7Mc.
see
how
materially the condition has improved. On
September, 1878, standard sheetings were selling at
per yard of 2*85 yards to the
pound, while low
cotton brought 11 15-16c.
per pound; on the 1st of
must remember that the cost
of
lower.
years,
production is
now
Total crop of tlie United States,
as above stated
on band commencement
of year
we
At
Providence, &c., Northern interior
2,335—
Total supply during year
ending Sept. 1,1879
Of this supply there has been—
year
Less foreign cotton included
Sent to Canada direct from West
manufacturing
Stock
hand end of year (Sept.
At Northern ports
At Southern ports
have not materially changed either in
quantity from the preceding year.
It is
more
reasonable to expect
necessity
ready to meet that condition, if
cotton-goods trade permanently prosperous.
We
on.
would see
A prelimin¬
we
ary to any considerable development, is such a
modification of
our laws as will in
the first place take off all
burdens from
this industry, and, in the
second place, help us to
open up
a regular direct trade
with the nations
We
have
11,018—3,456,547
12,981
on
14,879
1,1879)—
44,348
Providence, &c., Northern interior
14,762—
59,110
markets
6,838—3,550,355
no
shall have to be
our
At
perhaps
special increase the coming
year.
Our growing home demand is
likely to absorb
the
production, but the improved prices will lead to a
more
rapid growth of spindles, and an increased
outside
demand will therefore become a.
later
needing
our
goods.
5,119,315
3,467,565
Burnt, North and South*.
year
or
•.
45,784
Exported to foreign ports during the
-
value
43,449
markets
essentially
Manchester, may have upon our export movement is
perhaps
uncertain. In the
figures we give below it will be seen that
the exports this
28,908
14,541—
Total
takings by spinners in United States,
year
ending
September 1, 1879
Taken by spinners in Southern
States, included in above total
Total
takings by Northern spinners
1,568,960
152,000
....bales.
1,416,960
I3F3 * Burnt includes not only what has been thus
destroyed at the
Northern and Southern
outports, but also-all burnt on Northern rail¬
roads and in Northern factories.
Every lire which has occurred, either
a mill or on a railroad in
the North, during
the past year, we have
investigated; and where there was cotton
lost, have sought, and in
almost every case obtained, a full
return of the loss.
in
This statement shows the total
takings by spinners to have
been 1,568,960 bales, of which the
South has taken 152,000
bales and the North
1,416,960 bales.
We find it neces¬
sary, on account of inaccurate estimates that are
being
made on the basis of our
figures, to repeat what we have
so often
said before,—that a considerable
doubt that our
people will soon see the im¬
portance of this policy; and that when
the financial ques¬
tions which now furnish a
subject for contention shall have
been finally settled—as
they very quickly will be—the sub¬
portion of the
ject of a freer trade with
foreign
nations must become takings of cotton every year since prices were so low has been
the engrossing one,
and whatever tends in that
to supply the demand of
direc¬
worsted, woolen and knitting mills.
tion will be
Below we give the total
adopted.
Consequently
no safe conclusion can be reached from those
exports
from the United States of
cotton goods for the
years named takings as to the consumption per spindle of our cotton mills.
ending June 30.
The latest facts on that
subject will be found in our
no
Year
1879.
1878.
Colored goods.. .Yds.
do
Value
45,116,058
Uncolored goods..Yds-
84,081,319
do
Value
Other maufs of. Value
Total cotton
exported
..
Ending June
30
1877.
37,765,313
29,111,434
$3,209,285 $2,959,910 $2,446,145
88,528,192
1874.
4,600,447
$660,262
Value
$10,853,950 $11,435,660 $10,180,984 $3,091,332
Although these figures
the export movement
are
South for
Taken by—
in themselves small, the effect of
a
1874.
$744,773
inanuf’s
.
hoped that Mr. Walker, the efficient and capable
Superin¬
tendent of the Census
Bureau, will be able to furnish us his
census with
regard to the cotton consuming industry by the
close of another year. For
comparison we give the following,
showing the total takings for all purposes by the North and
by
the mills at the
76,720,260 13,237,510
$6,424,154 $1,686,297
$6,288,131 $7,053,463
$1,422,287 $1,310,685
$1,356,534
report of 1875.
It is
EXPORTS OF COTTON
MANUFACTURES.
Bal
Northern mills
Southern mills
series of years.
|
1875.
Bales. 1
es.
1878.
1877.
1878.
Bales.
Bales.
Bales,
1879...
Bales.
1,177,417 1,062,522 1,211,598 1,288,418
1,398.298 1,416,960
128,526 145,079 145,000 147,000
148,000 152,000
Total takings from crop
1,805,943 1,207,601 1,356,598 1,435,418 |
M
Si
1,568,960
Weight of Bales.
prices is very considerable. It has
The
gross
kept
weight of bales and of the crop this year we have
spindles all busy by carrying off a
surplus during the made
up as follows. We give last year’s statement for
year that would have weighed
com¬
heavily on the market. We
parison.
understand also that the business has
been done at a profit;
the greater
efficiency of our machinery enabling the
Year ending September
1,1879.
average
Year ending September
1,1878.
operative to accomplish almost twice the work
done in 1860
Crop of
on
our
even
with
one
hour less per
day, 1,000 spindles requiring then an
average of 26high-priced hands
against 15 less skilled, and
therefore
lower-priced, hands
The future,
however, of
this export trade, as we have
already said, will require to
meet, and be tried by, the new conditions which are
now
develop¬
ing. They may be summed up in one sentence—strikes
in
this country
pointing to higher wages, increased home demand
leading to higher prices, at a time when Manchester is
now.
through and progressing in the opposite
production.
To what has
to
already been said
very
passing
in
process of economy
little needs
to be added
complete the records of our goods trade for the
year. Two
circumstances have contributed to
check, in some degree, the
consumption of cotton—(1.) the strike at Fall
Biver; (2.) the
short supply of cotton.
The latter influence has
tended to
make managers conservative—that
is, not pressing work, rather
than actually
stopping spindles to any great extent. It has
also led spinners to economize in their
purchases of cotton, so
that
our
total
takings to-day are really somewhat less than the
consumption, spinners closing last year with fair stocks
and the
present
season with very small stocks.
Altogether we should
that the actual consumption has increased this
year about
five per cent. The additional
spindles set up the past season will
probably reach 250,000, making the total spindles in the
United
States about 10,750,000. With these
explanations we give our
usual statement of the
takings of cotton North and South dur¬
ing the past season.
Number
Texas
pounds.
582,118
1,187,365
362,408
704,752
507,021
Aver’ge
weight.
292,421,156
548,562,630
180,453,815
338,871,456
232,671,936
N. Carolina.
Tenn., &c...
135,815
1,025,669
482,577,264
502-34
462-00
497 93
478-00
458-90
465-78
455-81
470-50
Total crop
5,073,531
2,400,205,525
473*08
Louisiana...
Alabama....
Georgia
S. Carolina..
Virginia
568,383
264,741,433
61,905,835
Number
Weight in
of bales.
Aver.
weight.
pounds.
461.823
1,391,519
419.071
604,676
450,980
231,770,490
655,405,449
214,509,872
501-86
471*00
288,430,452
511-87
150,505
818,706
899,528,528
477*00
463*74
470-23
461-37
488*00
4,811,265
2,309,908,907
480*10
209.137.465
241.690.466
69,436,185
513.9S5
According to the foregoing, the
bale this
season was
473*08
average gross weight per
lbs., against 480*10 lbs. in 1878, or
7*02 lbs. less than last year, which indicates
about 3*91 per cent
increase in the total weight of the
crop. Had, therefore, as
pounds been put into each bale as during the
previous
season, the crop would have aggregated
only about 5,000,000
many
bales.
But it should be stated in the
waste in
same
connection that the
spinning is less this year, the cotton having been packed
dry, which probably is the real cause of the decreased
weight.
The relation of the weights this
year to previous years may be
seen from the
following comparison:
Crop.
Season of
say
Weight in
of bales.
Number of Bales.
1878-79
1877-78
1876-77
1875-76
1874-75
1873-74
The
foregoing
5,073,531
4,811,265
4,485,423
4,(>09,288
3,832,991
4,170,388
are gross
weights.
Weight, Pounds.
2.400,205,525
2,309,908,907
2,100,465,086
2,201,410,024
1,780,934,765
-1,956,742.297
Av.
'
5,073,531
(Sept. 1, 1878)—
At Northern ports
At Southern ports
What effect the improvement
in the home demand and in the
price of our cotton goods, and the lower cost of
at
bales.
Stock
middling
August,
1879, standard sheetings were quoted at 8/£c.
per yard when
cotton was
ruling at 11 3-16c. per pound; which marks an
improvement of %c. a yard in the cloth with cotton also
%c. a pound cheaper. Comparing with
previous
[VOL. X2LlX
Weight
per Bale.
47308
480-10
408-28
471-46
468 00
469-00
September 13, 1879.]
THE
The New Crop and Its
CHRONICLE
Marketing.
The last table,
showing the comparative weights of the crops
for the last few years, furnishes of course
the only true measure
of the extent of each of them. With
regard to the crop which
has just begun to reach the
ports, it is too early yet, even if we
were
disposed, to give any definite estimate. The
Agricultural
Bureau reports indicate
up to this date a condition
promising a
less yield than the
present year. There is, however, a
large
class who dissent from that
conclusion, as it is thought that the
Mississippi Valley is pretty sure to at least make good the losses
in other sections.
One thing is certain—for
nobody questions
it—and that is that the date of the
maturity
of the crop in the
various States is still
(after all the summer
changes) about as
indicated it was in our
acreage report of last June. It must
be classed as a late
crop; whereas the one which has just
been
marketed must be classed as an
early crop. Yet the plant is by
no means
everywhere equally late. In the Atlantic States and
in the upper portion of the Gulf
States, the difference between
the two years is most
marked; in the lower half of Alabama
there is less difference; while in
portions of Mississippi and
Louisiana the crop is fully as forward as in
1878. In Texas the
drought has hastened the maturity, so that in a
part of the State
the crop is
probably in advance of last year. As bearing upon
this question, and
being useful for future reference, we bring
forward our data with
regard to the receipt of first bale and
the total
receipts to Sept. 1st of new cotton for several
years.
First we give the date of the
receipt of first bale.
we
through whose
269
assistance
1874.
1875.
1876.
1877.
1878.
1
receivers the exact number of bales
of Sea Island received.
Hence, the following results thus obtained are as
accurate as
we can make them.
1
Florida.
Charleston.... Aug. 19 Aug. 13 Aug. 14
Aug. 13 Aug. 21
Georgia—
Augusta
Aug. 18 Aug. 16 Aug. 1 Aug. 17
Atlanta
Sept. 3 Sep. 14 Aug. 14 Aug.22 Aug. 27
Aug. 28
Savannah—
From Ga
Aug. 9 Aug. 6 July 30 Aug. 2
Aug. 7
From Fla.... Aug.10
Aug. 7 Aug. 20 Aug. 2
Macon
Aug. 19 Aug. 12 July28 Aug. 2 Aug. 7
Columbus
Aug. 11 Aug. 8 Aug.10 Aug. 9 Aug. 3
Aug. 11
.
Florida direct
211
Total Sea Island crop of Fla.
Aug. 5 Aug.13
Received from Florida....
Au
July 25
Aug. 3
Aug. 2
Aug. 3
14 Aiifr,
..
County County County County
County County County
through New Orleans at this date.
These dates show that the
crop must be classed as a late one.
But a better indication are
the arrivals of new cotton to
Passed
1873.
Charlotte,'N.
Sept 1.
OF NEW COTTON TO
SEPT.
1874.
1875.
1876.
1.
1877.
7,133
1879.
6,448
2
30
30
22*963
Supply,
ending
year
Sept. 1, 1879.
Ports
of—
Stock,
Sep.l,
S. Carolina.
113
15
....
Florida
Texas
N. Orleans
New York
Boston
Baltimore.
.
.
.
.
How
Of
Distributed.
which Ex¬
ported ro
Stock, Leav’g
Sep.l, for dis-
Net
Total
7,133
2,052
7,246
2,067
13,776
13,776
2
....
.
24,825
follows.
....
Ex¬
2
....
......
19
11
....
7,227
2,056
13,776
211
2
2
....
....
3,490 1,679
1,538
248
5,169
1.786
211
2
....
....
......
....
....
2.622
....
.
Total
Great
Crop. Supply. 1879. trib’t’n Britain. H’vre ports.
1878.
Georgia
as
....
....
315
2,937
2,593
2,593
....
....
Total....
128
22,963
23,091
30
23,061
10,456 2,242 12,698
From the foregoing
we see that the total growth of Sea
Island this year is 22,963 bales; and with the
stock at the
begin¬
ning of the year—128 bales, we have the following as the total
supply and distribution.
This year’s crop
Stock Sept. 1,1878
bales.
128
Total year’s supply
Distributed
as
22,963
bales.
-
follows:
Exported to foreign ports
23,091
bales. 12,698
30—12,728
Leaving for consumption in United States
bales. 10,363
We thus reach the conclusion that
our spinners have con¬
sumed of Sea Island cotton this
year 10,363
.
568
None.
Columbus, Ga....
Montgomery, Ala
Mobile, Ala
New Orleans, La
Shreveport, La..
304
67
.
.
.
.
.
.
288,
.
47
71
9
.
Vicksburg. Miss.
Nashville! Tenn....
Memphis, Tenn
Galveston, Texas
226
195
74
190
175
320
38
51
247
212
342
66
253
6
1,500
898
156
216
114
429
40
38
-
1
.
-•
32
7
396
506
None.
1,421
1,254
...
Macon, Ga
1,989
Total all ports to
Sept. 1
4,597
..
117
3
227
113
72
304
58
419
56
46
None.
28
86
2,706
48
6,218
1
5,282
1,051
5,373
8,163
*
8,981
2.467
7
1
1,408
1,589
140
103
12
521
135
50
4,765
1,286
’723
795
530
1,113
187
*200
10
48
8,691
21,402
Sea Island
We have again to
604
185
734
277
18
‘
3
excess
crops
13,336
indebtedness to the kind¬
the various receivers and
shippers of Sea Island cotton*
bales, less whatever
be remaining in our Northern ports
The following useful table shows the
may
of last year.
and movement of Sea Islands since the
CROP.
SEASON.
Flori- Geor-
10,527
already stated.
our
in
da.
Crop and Consumption.
acknowledge
(if any) stock there
76
Estimated; no return received.
The receipts for last
year would have been even
larger than
they were had not the yellow fever visited the
Mississippi Val¬
ley. But even as they stand,
they appear to prove, when com¬
pared with other seasons, that the
crop just marketed, was one
of the earliest of our
record. For this year the
movement at
Texas is exceptional, as we have
5,550
Stock end of year
1878.
C
Charleston. S. C
Augusta, Ga
Atlanta, Ga
Savannah, Ga
ness of
892-11,998
3,686
The distribution of the
crop has been
Aug. 9
Aug. 14
Galveston—
F’m Br’wnsv.
July 10 July 9 July 16 July 7
First other
July 23 July 23 July 17 July 9 July 13 *Jne30
DeWitt DeWitt DeWitt DeWitt Aug. 1 July 17 July 2
Galv. Lavaca DeWitt
ARRIVALS
3,608
11,106
Total Sea Island crop of the
United States
Aug.22 Aug. 15 Sept. 3 Aug. 30
Sept. 4 Aug. 18
Aiur.22 Aug. 12
Aug. 2 3 Aug. 23 Sept. 1 AugH2 Aug. 14
Memphis
2,052
1,451—10,819
Pliil’delphia
Texas—
*
,
7,703
Total Sea Isl’d crop of Texas
Aug. 1
Aug. 9
9 An
1«
Aug. 29 Aug. 21 Aug.28 Aug. 17
Aug. 24 Aug. 20 Aug. 27
Tennessee—
Nashville
—11,311
6,228
Total Sea Island crop of Ga.
Receipts at Galveston
.
Aug.l 4
11,311
Texas.
Aug. 8 Aug. 14
Aug.10 Aug.22
New Orleans—
From Texas-- July 10
July 13
“
Miss.Val. Aug. 12 Aug.l 2 July 13 July 10 July 10 June30 July 7
13 Aug. 4 Aug.10 July 31
July 31
Shreveport.. Aug. 19 Aug. 13 July
Aug. 7 Aug. 6 Aug. 9 Aug. 8 Aug. 7
....
14,739
Receipts at Savannah..
8,236
Receipts at Brunswick, &c..
44— 8,280
Deduct:
Louisiana—
Columbus
13,776
Total Sea Isl’d crop of So. C.'
Montgomery.. Aug. 14 Aug. 11 Aug. 4
Aug. 12 Aug.10 Aug. 2 Aug. 9
Aug. 16 Aug. 12 Aug. 5
Aug. 13 Aug. 11 Aug. 3 Aug. 4
Selma
Aug. 12
Mississippi—
Vicksburg
167
Georgia.
Mobile
*
-1877-78.7,703
5,550
1,319
3,686
3,651
..
coastwise
Deduct:
Received from Florida....
....
Alabama—
-1878-79.6,228
Receipts at Savannah.bales.
Receipts at Charleston
Receipts at New York, &c
Receipts at New Orleans....
Shipments to Liverpool from
Receipts at Charleston
9,368
Shipped from Port Royal,
1879.
Aug. 12 Aug. 30
So. Carolina—
annual
our
South Carolina.
2Vo. Carolina—
Charlotte.
able to continue
are
report of that staple. As our readers are
aware, no record is
kept of the export movements of Sea Islands
except for the
ports of Charleston and Savannah. For the
Northern ports,
Custom House manifests furnish no
guide. We have found it
impossible, therefore, to perfect these figures
except by special
correspondence in every case with the
consignee or the shipper,
and in this way
following every bale of Sea Island, after it
appeared at a Southern outport, until it either had
actually
been exported or taken for
consumption. We should also state
that for the shipments of cotton
direct from Florida to ports
other than Charleston and
Savannah, we have in the case of
each consignment, at the time of
its receipt, procured from the
Date of Receipt of First Bale.
1873.
we
1878-79
1877-78
1876-77
1875-70
1874-75
1873-74
1872-73
1871-72
1870-71
1869-70
1888-69
1867-68
1866-67
J805-66
gia.
South
Chto-
Texas.
lina.
,
Total.’ Great ConBrit’n. tin’nt
t
.
r
....
.
ss a
EXPORT8.
13,776 2,052
7,133
2 22,963 10,456
14,739 3,608
30 24,825 12,594
0,448
11,214 1,669
29 17,823 11,865
4,911
8,950 1,213
77 14,996 11,591
4,756
8,313 1,110
7,400 204 17,027 13,139
8,825 1,408
8,759
920 19,912 10,986
10,764 1,269 13,156 1,100 26,289 22,847
5;621 1,567 8,755 899 16,845 14,991
8,753 4,934
7,218 704 21,609 19,844
9,948 9,225
7,334
20,507 22,776
6,703 0,371
5,608
18,682 15,388
10,402 0,296
4,577
21,275 19,707
11,212 10,015 11,001
32,228 30,314
2,428 10,957
5,630
19,015 18,086
Total..
war.
53
«3 a
Total
ex-
«9.
5*.
u
gafl
2o o
ports.
2,242 12,698
3,701 16,295
1,369 13,234
1,345 12,936
1,907 15,040
1,887 18,873
622 23,469
593 15,584
01 19,905
1,940 24,718
1,851 17,239
152 19,859
392 30,706
145 18,231
02
10,383i
9,451
4,068
1,915
2,193
2,113
1,523
1,526
1,672
1,399
1,388
1,670
1,597
1,100
80
127
1,048
527
382
593
1,607
370
635
603
211
•156
410
485
131,651 01,694 102,686 3,965 299,996 240,584 18,207 258,791
41,977 8,244
g-3T~ * The column of “ American
in the United States.
Consumption”
in this table includes burnt
Movement of Cotton at the Interior
Port*.
Below
we
erive the total receipts and shipments of
cotton at
270
THE CHRONICLE.
the interior ports,
each year.
and the stock
Year
on
the 1st of September of
Augusta, Ga....
Columbus, Ga..
Macon, Ga
M’tgomery, Ala.
Selina, Ala
Memphis, Tenn.
Nashville, Tenn.
pXnuctavijl ©anttnevciaX gtigXisTt Incurs
iFrom
ending Sept. 1. 1878.)Year ending Sept. 1, 1879.
Receipts. Shipm’ts. Stock. Receipts. Shipm’ts. Stock.
164,010
73,350
164,277
73,641
60,474
106.284
60,415
105,954
92,506
416,731
56,902
328
455
527
163,617
87,100
59,208
1,117
132,387
499
954
91
100,609
386,129
163,521
87,200
59,491
132,923
100,683
424
355
244
581
425
386
[Vol. XXIX.
A week of very wet
our own
correspondent.!
London, Saturday, August 30, 1879.
and boisterous weather has exerted
considerable influence over the country, trade
showing fewer
indications of revival, while the value of
money has had an
upward tendency, owing to an increased demand for gold to
pay for foreign grain. There is no belief at present that the
48,542
47,360 1,273
Bank of England rate is about to be raised, but the
open
Total, old ports. 965,236 970,426 3,971 977,592 977,875 3,688
market quotations have for some days past been
advancing,
Dallas, Texas...
30,363
60
30,435
43,233
226 and the “outside” minimum is now
43,067
1%
per
cent
instead of
Jefferson, Texas
30,000
25
30,055
59
27,469
27,435
Shreveport, La. 103,779 103,822
150
210
86,655
86,595
only % per cent. Some are of opinion that that advance will
171.347
Vicksburg, Miss.
63
171,511
33
37,601
37,631
not be maintained; but there can be no doubt that we shall
Columbus, Miss.
92
27,420
27,368
30
22,297
22,359
Euf aula, Ala....
42,981
287
43,094
137 have to import food
47,263
47,413
very largely, and that unless we dispose
Griflin, Ga
90
13,128
13,055
18,718
18,801
of
our manufactures much more
Atlanta, Ga
101
100,418
100,527
249
87,859
87,711
liberally, gold will have to be
Home, Ga
84
48,166
48,139
4
62,133
62,213
sent away in order to balance our trade with
Charlotte, N. C.
150
foreign countries.
56,280
56,294
39.286
246
39,382
St. Louis, Mo...
825
246,674 247,350
332,437
332,101 1,161 The continental exchanges, however, are in our favor, and gold
Cincinnati, O...
876
184,895
188,877
248,069
247,087 1,858
is arriving in moderate quantities from several
quarters ; but
Total, new ports 1,055,451 1,060,527 2,803 1,053,116 1,051,699 4,220
about £800,000 has been shipped to New York during the week,
Total, all
2,020,687 2,030,953 6,774 2,030,708! 2,029,574 7,908 and further sums are likely to follow.
It is not at present ex¬
The shipments in this statement include amounts taken from pected that the movement will assume any considerable pro¬
these interior ports for home consumption and amounts burnt.
portions, but even if it should, the supply of gold here is very
Exports.
large, being as much as £34,848,355, and is capable, therefore,
In the first table given in this report will be found the for¬
of being reduced, without inconvenience to the country.
A
eign exports the past year from each port to Great Britain,
reduction
in
our
France and other ports, stated separately, as well as the totals
supply of gold and an increase in the
to all the ports. In the following we
give the total foreign rates of discount were not to be desired on account of a
exports for six years for comparison.
bad harvest, and it is apprehended that the long-looked-for
Total Exports of Cotton to
Foreign Ports for Six Years. improvement in trade is still
quite prospective. The increase
Exports (bales) to Foreign Ports for Year ending Aug. 31.
in our trade with the United States is a very satisfactory fea¬
1874.
1875.
1876.
1877.
1878
1879.
ture, but as long as the American tariff is so high and so hos¬
N. OiTns. 1,147,314
995,270 1,363,005 1.204,591 1,453,096 1,243,746 tile to us, doubts are entertained as to its permanency, or at all
Mobile
132,367
131,341
243,683
218,703
164,093
123,214 events as to its further progression.
The heavy loss which the
S.Car’lina
247,866
275,130
281,713
337,480
305,874
379,266
Georgia..
429,571
423,235
370.21W
agricultural
298,540 354,086
community
of
this
461,904
country
will sustain, in conse¬
Texas
274,383
224,284
236,449
258,235
225,174
353,817
Florida
quence of deficient crops, must tell very seriously upon our
835
44
1.362
5,277
17,035
No. Car..
6,333
27.267
15,375
36,374
56,677
68,011 home trade, and it is the opinion that any improvement which
Virginia
20,721
67,212
108,693
121,169
159,357
203,536
New York
485,596
445,172
494,374
434,158
401,959
370,847 may take place in our foreign trade will not be substantial
Boston
25,399
36,259
58,078
75,310
127,874
124,470 enough to compensate manufacturers for the absence of home
Philadel.
28,248
26,090
40,007
30,844
25,144
26,389
92,681
412,393
56,044
386,697
n
.
.
.
..
..
.
.
.
Baltim’re
41,528
P’rtl’d Me
352
44,567
29,114
32,316
58,367
9,176
95,203
486
127
orders.
When it is borne in mind that those countries whose
trade shows
symptoms of revival are strongly. protectionist, the
possibly be confirmed. In consequence of
Total fr’m
U.States 2.840,981 2,684,410 3,252,994 3,049,497 3,346,640
3,467,565 high tariffs abroad we undoubtedly lose a considerable amount
of trade; but enterprise is kept in check, because materials which
Below we give a detailed statement of the
year’s exports
from each port, showing the direction which these
can be applied to reproductive
purposes are raised to too high
shipments
have taken.
a price to admit of a remunerative result.
When governments
+
can
borrow
To—
New
Mo¬
Gal¬
Char¬ Savan¬ New Balti¬ Other
money on easy terms, it. is doubtful if it is wise
Orleans. bile. veston leston. nah.
York. more. ports.
Total.
policy to enforce high tariffs to. reduce them. The British
Liverpool
609,718 56,649 208,067 142,270 197,453 292,951 76,278 404,468
2,047,854 nation has, for a
Fleetwo'd
long series of years, paid a heavy sum annu¬
2,831
1,383
4214
Hull, &c..
2,717
5,052
7 769
on its public debt.
London...
ally
Taxation might have been increased,
60
60
Cork, Faland
the
debt
might have been more quickly reduced ; but polit¬
8,203
m’th, &c.
11,036
2,aso
7.928 14,853
3,580
47,930
Havre..
211.739 35,583 60,484 54,596 22,546 19,599
496
4,730 409,773 ical economists and financiers were of opinion that
Rouen....
during the
1.272
5,923
7,195
Dun kirk
process
the
public interests would suffer, as the taxes wrere not
and Marseilles
837
100
1,100
so
serious a burden,
2,037
considering the increasing pros¬
Bremen
81,422
8,940 35,859 29,495 82,976 26,325 18,429 ri.oii
294,487
Bremerperity
of
the
country.
The money has fructified more
haven....
3 008
3 008
Hamburg.
1.000
1 398
2,202
4 600
in
abundantly
the
possession
of the public than in that of the
Amst’d’m
3.261
5,005
2,312 21,450 13,060
50005
5^907
Rott'rd'm
5.262
1,726
Government,
the
as
1,755
prosperity of the country since free trade
8,743
5.237
Antwerp
2,707
635
S.Fr’cisco
468
431
393
415
truth of this belief w'ill
*
4.
-
»
.
t
-
t
T
T
..
...
..
•
.
Ghent
Reval
....
Cronstadt
Riga
Hango &
1,001
150,467
24,537
.4,231
2.360
6,612
«...
11,486
2.430
.
22,707
2,475
1,320
5,075
900
71,531
4,879
2,068
2,200
14,554
5 429
26S!003
34,321
1,850
7,401
Helsing-
fors
•
1.600
Seb’stop’l
Bergen.
5,075
..
..
......
18,616
1,800
0,442
*
♦
f
-
1-
1,020
1,675
1,500
22,740
480
7,0o6
_
1,000
7,776
.
ftf...
.
,
r
tr
r
6,610
2 280
’700
9,806
........
724
150
500
400
156
......
1.070
.
17,464
1,692
1,900
6,536
1,158
1,153
1,870
4,500
13,776
400
724
1
500
AC\(\
■'
100
160
2,466
1,326
46,802
1 153
.
3,028
t
925
9 617
17 255
50
17,255
50
Other for-
eign p'rts
2,695
1,500
131,813
400
Naples....
Tampico..
.
2,150
Bilbao....
Trieste....
Vera Cruz
_
700
....
Salerno...
.
74,945
Pasages..
Oporto....
Genoa....
4,100
6,090
-
1,960
3 000
17 115
1,000
1,086
......
........
Malmoe..
Barcelona
Santand’r
S.Seb’st’n
Malaga.
Corunna..
Palma de
Majorca
Ferrol
7,940
......
Gottenb’g
Nor rkoping
2,000
2
Total
2
1,243,746 123,214 353,817 379.266 461,904 870,847 95,203 439.568
3,467,565
*
Exports from Charleston to Liverpool include 8,129 bales from Port
Royal.
I ..^Rorts from Savannah to Liverpool include 8 bales from Brunswick.
$ Other ports” include the
following shipments :
From Florida, 33,967 bales to Liverpool, 1,967 to
Havre, and 1,101 to Genoa.
E rom Wilmington, 40,212 bales to
Liverpool, 3,580 to Queenstown or Falmouth, &c.,2 C50to Havre,. 11,041 to Bremen, 1,398 to
900 to
Antwerp, 5,39/ to Amsterdam, 2,068 to Ghent, and 1,365 Hamburg,
to Genoa.
From Norfolk, 199,815 bales to
Liverpool, 713 to Havre, and 3,008 to Brem*
erhaven.
From Boston, 124,468 bales to
Liverpool, and 2 to other foreign ports.
From Philadelphia, 25.879 bales to
Liverpool and 510 to Amsterdam,
From ban Francisco, 127 bales to
Liverpool.
was
more
introduced
testifies.
restrictions of trade
There
can
be
no
doubt that the
removed the greater
will be the
prosperity of the world. Instead of being too earnest in
reducing our debt, the taxes have been removed from nearly
every necessity of life, and probably living, on a reasonable
and judicious scale, is as cheap in this country as in
any other
civilized country. Meat is still dear, but, thanks to Mr. Glad¬
stone’s financial policy, our breakfast table is free, and there is
only a sixpenny duty on tea. Our capacity, therefore, for con¬
tributing to the interest on the national debt is increased, as
we are all able to borrow under 3
per cent for the purpose. That is
to say, the people can employ the money to better
advantage
themselves, and can give a greater stimulus to commercial and
industrial enterprise. In plain language, if one hundred peo¬
ple each retain £5 or £500, instead of reducing the nationa 1
debt to a similar extent, and if they form a company which
yields them a net return of 6 or 7 per cent, they are practically
borrowing money on the same terms as the Government, and
are conducting a profitable
operation both to themselves and the
country. We have only to extend this operation to the coun¬
try at large, and it is soon seen that haste in reducing national
debt, when money is obtainable at a low rate, is neither
judicious nor economical. To diminish the debt may be
regarded as a virtue, but the operation should be conducted
quietly and with judgment.
are
September 13,
THE CHRONICLE
1879.]
271
1
The feature in the money market is, as stated above, that the
open market rates of discount have been steadily advancing
towards those current at the Bank of England.
The bad
weather and the withdrawals of gold from the Bank
of
have
England
exercised considerable
3
On the
subject of the crops the following appears in the
Agricultural Gazette. It may be added that since that was
written the prospect is still more
unsatisfactory, owing to very
bad weather:
Our annual harvest inquiry is three weeks later than
influence, but the demand for
usual,
money for general mercantile purposes has been far from con¬ and it is still a fortnight too early, for the harvest itself is at
least a month behind. Our
siderable. Further improvement in trade has been checked
correspondents have, however, been
by able with few
exceptions to speak with confidence, and their
the very indifferent harvest prospects, but bread and
provisions reports may be taken as a true account of a
very dismal out¬
have not risen much in price, and,
consequently, living is still look. It will be seen that three-fourths of the wheat reports
are below an
cheap. The following are the present quotations for money :
average, and only one per cent is over average ;
and
Per cent. Open-market rates—
barley, beans, and peas are almost as bad. We have given
Per cent.
Bank rate
2
the general results of the
4 months’ bank bills
1 *2® 1^3
correspondence in the following
Open-market rates—
6 months’ bank bills
134@178
tables,
and detailed reports occupy the greater portion of our
30 and 60 days’ bills
4 & 6 months’ trade bills. 2 ©3
lqsl^s
3 months’ bills
space to-day.
1*4© 138
The following, then, are our results stated
The rates of interest allowed by the joint-stock banks
arithmetically ;
anc. the numbers of the
reports received—according to the charac¬
discount houses for deposits are as follows :
ter foretold—over average,
average, and under average, respec¬
Per cent
tively :
Joint-stock banks
“
“
^
*2
5*
,.
Discount houses at call
do
with 7 and 14 days’ notice of withdrawal
This week’s Bank return shows that
although £651,000 had,
according to the daily returns, been withdrawn from
the
the diminution in the stock of bullion does not exceed
Coin has been returned, therefore, from
Bank,
£531,369.
falling off in the reserve, owing to a return of notes, is
£245,434, and the proportion of reserve to liabilities, which was
last week 58*45 per cent, is now 58*78
per cent. The Bank has
not experienced
any increased demand for money, there being
a diminution of £30,482 in “ other securities.”
Annexed is a statement showing the present
position of the
Bank of England, the Bank rate of discount, the
price of con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, of 27o. 40 mule twist, fair second quality,
and the Bankers’ Clearing House Return,
compared with the
three previous years:
Circulation, including
bank post bills
Public deposits
Other deposits
Governm’t securities.
Other securities
Res’ve of notes & coin
Coin and bullion in
departments
Proportion of
..
1879.
1878.
£
28,829,366
4,876,922
27,326.041
3,055,347
28,247,005
4,302,420
20,624,222
23,013,944
31,080,385
15,930,087
Bank rate
Consols
Eng. wheat, av. price.
Miu. Upland cotton...
No. 40 mule twist
1876.
£
16,932,400
21,305,510
9,930,458
34,84S,355
1877.
£
14,867,178
17,483,083
£
28,452.564
5,768,584
27,686,451
15,259,133
15,854,353
14,910,568
18,519,555
12,128,674
20,621,351
21,998,473
25,029,219
33,709,326
58-78
40-82
2 p. c.
97 *2
5 p. c.
43-88
3 p. c.
49s. 3d.
6 %d.
9qd.
9458
2*2 p. c.
95*8
45s. 2d.
63s. lOd.
reserve
to liabilities
Clearing-House return 68,415,000
RETURNS, 1879.
Wheat.
3
C9
220
Average
Under average
Total
292
OHiod.
6d.
lOd.
lOksd.
96
46s. 4d.
6h3d.
lO^d.
quieter, and the rates have tended
downwards.
The Council bills were sold on
Wednesday at
Is. 7%d. the rupee. Next week’s sale will amount
to £350,000.
It is officially announced that
£1,595,000 in Treasury bills
will be submitted for tender at the Bank of
day next.
Subjoined
are
rate.
Pr. ct.
Hamburg.
on
the current rates of discount at the
Bank
Paris.
England
Open
Pr. ct.
2
1*2© 134
2*2
3L2
218^2^8
34s@338
4
238©258
218 2)238
2 ©2q
2 q 2> 2
3 ©3 *2
4
4
4
4
3
Bank
market.
3
St. Petersburg
Vienna & Trieste.
Madrid, Cadiz &
Barcelona
Lisbon & Oporto.
Calcutta
...
Copenhagen
New York
rate.
Pr. ct.
6
4
-
Tues¬
principal
Open
market.
Pr. ct.
6
4*2
418®438
4
5
6
4
5
2'412
4
©412
5
©6
"2)5
©6
Hill, who first advocated the penny postage
system, expired on Wednesday morning at the mature
age of
eighty-four. His scheme was adversely criticised in official
quarters, but the correctness of his view is fully justified
by
results. The revenue from the Post Office in 1815
wTas £1,557,291. On the introduction of the
penny postage system there
reduction in it; but Sir Stafford Northcote calculated
that the gross revenue for the
present financial year would be
£6,250,000, and the net revenue nearly £3,000,000. This is an
a
important result, but perhaps is only secondary to the vast
1879.
Over average
Wheat.
1
Average
24
Under average
Total
.......1.100
“Compare,
Barley.
Oats.
9
Beans.
Peas.
103
180
58
169
68
10
66
145
130
292
295
221
198
7
61
Barley.
Oats.
4
35
61
20
57
23
100
100
Beans.
4*2
Peas.
29*2
37
65
66
100
100
4
these percentages with those of the returns
received in 1878, 1877 and 1876, respectively, and it will be seen
that
now,
with the worst of them there is
even
1878.
Over average
Wheat.
24
58
18
Average
Under average......
Total
100
1877.
Over average
Average
Under average
Barley.
Over average
Beans.
Peas.
6
50
28
63
30
55
39
100
100
Wheat.
Barley.
12
Oats.
7
10
50
40
Oats.
100
Beans.
23
49
28
,
100
1876.
doleful contrast:
22
Barley.
Total
a
14
43
43
Wheat.
312
2434
7134
.............
12
69
19
100
Oats.
100
Peas.
100
Beans.
8
61
39
100
Peas.
48
40
12
54
34
15
20
65
12
44
44
22
67
11
^.......100
100
100
100
100
Average
Under average
Total
60-93
74,661,000 80,730,000 71,217,000
In the demand for silver there has been no
important feature,
and the price of fine bars is
51/£@51% per ounce. The market
for Indian exchange has been
was
*
“Reducing those to percentage numbers, for their comparison
provincial circulation. with those of previous years, we have the following table :
The
both
HARVEST
1879.
Over average
“Of these three previous years, 1877 was the
worst; but, even
with the bad account of that year’s produce, this of the wheat
and barley, beans and peas, compares
unfavorably. Oats alone
are this year a fair ana
average crop.
“To this account of the cereals it must be added that
pota¬
toes are everywhere either a failure or
rapidly on the road to
destruction; that the hay crop, most of it badly made, is not
yet completely harvested; and that the mangold, swede and
turnip crops are late and generally foul, and of less area than
usual. The rain continues, and the outlook is most
gloomy.”
During the 52 weeks ended on the 23rd of August, and which
embraces an agricultural season, the sales of
home-grown wheat
in the 150 principal markets of England and Wales amounted
to 2,492,130 quarters, against 2,028,953
quarters in the previous
season; and it is estimated that in the whole kingdom they
were 9,968,520 quarters
against 8,115,820 quarters in 1877-8.
The sales of home-grown wheat show an increase for the
past
season, therefore, over the preceding one of 1,852,700 quarters.
On the other hand our imports of wheat and flour have fallen
off, having been 59,993,099 cwt. against 61,943,751 cwt. in 1877-8.
The total supply of wheat and flour placed
upon the British
markets, without reckoning that in granary at the commence¬
ment of the season, has amounted to 101,317,672 cwt.
against
95,244,913 cwt. in 1877-8. The following are the particulars
for the last four
seasons :
1878-9.
1877-8.
1876-7.
1875-6.
54,023,057
45,168.926
7,920,694
6,567,376
54,952,7S1
6,164,793
35,005,000
35,218,100
36,384,700
96,948,751
86,954,502
97,502,274
1,772,427
1,704,068
909,633
938,775
101,317,672
Av’ge price of English
95,244,713
Imports of wheat.cwt.50,914,568
Imports of flour
9,048,531
Sales of home-grown
produce
43,197,000
Total
Deduct
exports
wheat and flour
103,190,099
of
Result.../
wheat for the
season.
41s. 6d.
49s. lid.
86,044,869^ 96,563,499
54s. 7d.
47s. 5d.
The
following figures show the imports and exports of cereal
advantages which the system insures.
The weather has been finer the last two
produce into and from the United Kingdom since harvest, viz.,
days, and farmers
from the 1st of September to the close of last week,
have ventured upon
compared
cutting wheat. The temperature is very
with the corresponding period in the three
agreeable, but it is not harvest weather, and every
previous
seasons :
advantage
IMPORTS.
will have to be taken of
1878-9.
bright, dry days. The trade for wheat
r877-8.
1876-7.
1875-6.
Wheat
is firm in tone, but is
cwt.50,944,568 54,023,057 45,168,926 54,952,781
wanting in animation, and the upward Barley
10,095,466 14,132,213 12,626,914
8,161,873
movement in prices makes
Oats
12,000,931 12,427,938 12,620,289 12,674,736
scarcely any progress. Importa¬ Peas
1,618,054
1,925,764
1,399.269
1,510,294
tions are large and, as is wrell
known, an abundant supply is Beans
1,753,284
4,629,284
2,873,624
3,318,340
Indian com...
afloat
social and commercial
.
and in prospect.
Flour....
38,835,114
39,014,388
9,048,531
7,920,694
33,550,664
6,567,576
32,793,426
•
6,160,793
272
EXPORTS.
1878-9.
Wheat
cwt.
1877-8.
1,594,632
108,921
Barley
Oats
Peas
Beans
Indian
Flour
'
Eiigliali
Market
1875-6.
859,977
52,714
64,001
15,104
20,612
20,588
245,015
93,392
1,174
29,116
22,483
619,239
177,795
com
1876-7.
1,610,646
11
906,031
24,551
357,730
39,744
10,901
57,992
32,744
88,279
24,169
31,954
520,561
49,656
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following
summary:
London
Money and Stock Market.—The bullion in the Bank
England has increased £178,000 during the week.
Sat.
Mon.
Sept.
d. 51%
Fri.
Sept.
9.
10.
Sept.
Sept.
V. S. 4s of 1907
Erie, common stock
108*4
105*2
108*4
1047e
105
51*2
97Hlfi
97lilfl
97H10
97*i1«
105%
27*4
89%
43 *8
Philadelphia^ Reading
Sejit.
Tlmrs.
517i6
97Hig
Illinois Central
Wed.
8.
per oz
Consols for money
Consols for account
U. S. 5s of 1881
U. S. 412s of 1891
Pennsylvania
Tues.
Sept.
6.
Silver,
97iii6
105*2
108*4
105
27*8
27%
89%
91
43%
19*8
19*2
51%
51%
97i3ie
971310
971*16
0717i6
Sat.
d.
Mon.
s.
Southern,
“
new
Av.Cal. white..
6
8
3
California club.
“
Com, mix.,West.^cent’l 4
Liverpool Provisions
23
8
8
9
9
9
9
4
1
2
0
9
9
9
“
s.
8
9*2
d.
6
8
3
2
2
0
8
9*2
23
8
8
9
9
9
9
4
Sat.
d.
Pork, West. mess.. $ bbl. 47
Bacon, long clear, cwt. .25
Short clear
“
26
Beef, pr. mess, $ tierce
Lard, prime West. $c wt.31
Cheese, Am. choice “ 32
43 7s
44*2
....
cotton.
on
Wed.
d.
6
8
3
2
2
0
8
9*2
s.
23
8
8
9
9
9
9
4
Tliurs.
d.
6
8
3
2
2
0
8
23
8
8
9
9
9
9
4
9*2
0
6
6
Mon.
s.
d.
Tues.
47
25
47
26
26
0
6
6
26
6
31
33
0
3
0
s.
31
33
Wed.
d.
0
0
6
s.
24
9 5
9
2
9 10
4 9*2
9*2
47
26
27
3
6
31
35
d.
0
6
0
s.
47
26
27
0
0
0
0
31
35
0
6
Mon.
Tues.
Wed.
1 d.
d.
d.
ref. $gal... ©6% 6 %>©(>% 0%©6%
'a 6 %
spirits “
©
©
7 *2 © 7 % 7 *2® 8
..
..
..
.
.
.
..
47
27
27
31
36
0
0
0
0
0
A spin wall
..
..
291,990
380,625
4,234
12,800
.Am. silver
Am. gold.......
353
1,600
3,110
Gold bullion...
Gold dust
Silver bars
.Am. silver
Am. gold
1,372
200
1,500
Foreign gold... 1,234,751
Tula
Gold bars
.Am. silver
.Am. gold
Belize..
:.Bremen
Odor
39,372
232
248,191
100,000
194,660
Foreign gold...
Gold bars
$3,881,059 gold)
Previously reported ($5,882,705 silver, and $6,815,-606 gold).*$3,887,910
12,698,311
Tot. since Jan. 1/79 ($5,889,556
silv., and $10,696,665 g’d).$16,586,221
Same time in-
Same time, in1874
$4,614,254
1873.....
3.077,410
1878.../. $14,800,716
1877
10,661,830
1876
3,620,146
1875
8,585.806
*
Same time in1870
$7,900,432
1869
9,884,124
1868
5,748,917
1872
2,916,347
1871
7.632,509
The steamer Germanic, which arrived
on
Saturday, Sept. 6,
a large amount of
specie. This was not entered at the Custombrought
House
until the following
Monday, and therefore does not appear in this week’s
return. The amount will be included
in the next week’s exhibit,
however.
.
and Business.—Mr. G-. W.
Schuyler, the Canal
Auditor, furnishes the following comparative statement,
showing
the total quantity (in tons) of each
article cleared on the canals
from Sept. 1 to Sept. 7,
inclusive, 1878 and 1879:
©
©
1879. I
1878.
$37,417 j
Articles.
Tons.
Boards& scantling' 33,610
Tons.
289
i
!
723
!
1,537
138
*Pork
I
•Cheese
I
lard oil
•Wool
Hides
•Flour
325,848]
..
119
1
..
tCcmxmercial andiFtiscellaueous Hcuis.
3
16
Wheat
Rye
Corn
i
•Corn meal
i
Barley
Barley malt
|
*Hops
I
8j
7!
151
63
Domestic salt
Foreign salt
Sugar
3
"Coffee
71: Molasses
*
73
39*0
49,340
41,417
2,675
2,463
15,001
27,108
61
22S
1,811
283
368
797
8
388
217
1,748
6,541
781
156
1,267
1,834
297
422
27
r-
4
Nails, spikes, and
horseshoes
54
116
Iron and steel
4
221
546
Railroad iron
Flint,
enamel,
erock’ry, glassw.
All other mdse....
5T7
3
15
1
2,25*8'
•Domestic w’lens.i
•Domestic cottons’.
‘i
Tons.
1;
•Domestic spirits.
•Oil meal& cake.'.
•Leather
.:...
Furniture
727! Bloom & bar iron.
2,170j Cast’gs & iron w’re
*390!
1
Tons.
47,607
563| •Bar and pig lead.
8651 Pig iron
*964
*
1878. ! 1879.
....
*
!
Articles.
t
Tolls
$34,137
Total miles boats
cleared
261,288
•Lard, tallow, and!
d.
..
$254,850
1,116,000
.Foreign gold,..
.Foreign gold...
..
Havre
Ashes, pot & pearl j
*
Ashes,leached...
Fri.
©0*2
©
Havana
.Am. gold
Gold bars
Foreign silver.
Timber
Staves
Wood
Fri.
d.
-
Liverpool
Shingles
Tlmrs.
(f.
0
8 10
8 6
9 4
Tliurs.
d.
0
Hamburg
3—Str. Gallia
3- Str. Saratoga
Crescent City
Canal Tolls
Fri.
d.
6
8
3
2
2
0
8
s.
Sat.
..
27
95 *2
....
London Petroleum Market.—
Pet’leum,
104*2
Market.—
s.
Pet’leum,
105%
103*2
92%
43*4
Tues.
s.
105%
108*4
105*8
26 78.
92
43*2
12
515a
105*8
27%
3—Str. Frisia
Total for the week ($6,851 silver, and
07i%6
971316
Liverpool Cotton Market.—-See special report
Liverpool Breadstuff's Market.—
Flour (ex. State) $ bbl.. 23
Wheat,spr’g,No.2,1001b. 8
Spring, No. 3...
“
8
Winter, West.,n.
9
“
li:
105%
108*8
56—SBtri.g
[Voi.. XXIX.
4—Str. Labrador
Reports—Per Cable.
The
of
4—Str.
THE CHRONICLE
167
147
3,601
4,134
8,129
199) Stone, lime & clay
Imports and Exports for the
8,749
!
87
Week.—The imports of lafifc Oats
3,272
Gypsum
292
697
Bran & ship stuffs.!
week, compared with those of the
78
194
Anthracite coal.
15,406 25,449
preceding week, show Peas and beans.
67
a decrease in
53
Bituminous coal..
dry goods and an increase in general merchandise. Abples
6,328
6,162
15
5
Iron ore...
The total imports were
8,534 10,666
Potatoes
8
$7,593,817, against $6,702,409 the pre¬
1
Petr’leum or earth
’Dried fruit
ceding week and $6,512,315 two weeks previous. The
20
331
oil, er’de
ref’d.
688
32
exports •Cotton
for the week ended
12
53 Sundries
Sejbt. 9 amounted to $6,217,157, against Olcmp
6,531
4,590
15
j
28
$9,982,608 last week and $6,211,377 the previous week. The "Clover & gr’ssecd
19
Total tons
j 166,318 198,377
•Flaxseed.'
following are the imports at New York for the week
454
ending
(for dry goods) Sept. 4 and for the week
Articles marked thus are in the “ Free
List.”
ending (for general j
merchandise) Sept. 5:
—The Homestake gold mine declares its
>
dividend for August,
FOREIGN IMPORTS AT NEW YORK
30 cents per share,
FOR THE WEEK.
payable at Wells, Fargo & Co.’s on the 25th.
1876.
Transfers close on the 20th.
1877.
1878.
1879.
Dry Goods
$1,718,443
$1,497,083
$2,000,211
$2,560,571
General mdse...
—Parties
2,399,255
2,578,643
3,035,246
5,033,246 will do well wishing to buy or sell first-class railroad bonds
to give their attention to the list of Mr.
Total week
Charles T.
$1,117,693
$4,075,726
$5,085,487
$7,593,817 Wing in this issue of The Chronicle.
Prev. reported.. 199,885,904
227,388,511
..
•
......
•
192,915,743
209,909,550
Tot. s’ce Jan.
BWKl\G AN!)
1..$201,003,602 $231,464,237 $198,001,230
$217,503,367
The following is a statement of
the exports (exclusive of
specie) from the port of New York to
foreign ports for the
week ending Sept. 9:
EXPORTS FROM NEW YORK FOR THE
WEEK.
1876.
For the week....
Prev. reported..
1877.
$6,417,217
175,312,882
$6,007,457
182,798,575
1879.
$8,087,836
Calvin
$6,217,157
Havre
London
Southampton...
Liverpool
6—Bark Curacoa
..
Curacoa
v8.
The East Tennessee
Am. silver bars
gold)
Am. silv. bars.
Mex. silv. dols.
Am. silv.buH’n.
French gold,20franc pieces..
Peruv. sil. soles
$5,000
55,000
15,000
3,112
1,000
588
$1,200 gold)
$79,700
Previously reported ($10,156,782 silv., and
$1,945,838 gold). 12,102,620
Tot. since Jan.1/79
($10,235,282 silv., and $1,947,038
gold).$12,182,320
Same
time in-
39,638,6*2
62,450,072
Same time in—
I
Same time in—
1874
$42,171,442 1870
$47,419,404
1873
41,241,392 1869
25,274,067
1872
57,252,820 1868
65,352,056
1871.
54,817,902 1867
41,315,250
The imports of specie at this
port for the
been as follows:
same
periods have
Sept.
2—Bark Ho* net
Laguayra
MatthaM.Heath.Progresso
Am.
gold
Foreign silver.
$1,610
460
UNITER
)
«
Virginia
!
<fc Geor-
STATES*
No. 662,
Com-(Eastern
j
'
gia Railroad Company, &c.
District of Tennessee.
Nos. 664 and 665,
f Eastern District
j
,
Sams
of Tennessee.
i
vs.
‘
The Cincinnati
Cumberland Gap
Charleston Railroad Company, &c.
Same
r
The
Total for the week ($78,500
silver, and
1878..... $10,298,307
1877
23,034.296
)
!
Railroad
vs,
(cont’ng $200
Amory Stevens, &c.,
Knoxville & Ohio
pany.
Same
Sept
2—-Str. Canada
THE
”
Sixth Judicial Circuit.
221,061,748
$188,806,032 $239,036,754 $227,278,905
The following will show the
exports of specie from the port
of New York for the week
ending Sept. 6, 1879, and also a
comparison of the total since January 1, 1879 with the
corre¬
sponding totals for several previous years:
2—8clir.
OF
FInT'CIAL
rs.
Tot. 8’ce Jan. l..$LS
1,730,099
1876
1875
COIRT
The
1878.
230,948,918
CIRCUIT
Memphis <fc Charleston
RR.
No. 663,
«fc f Eastern District of Tennessee.
J
,
)
; Western District of Tennessee.
Co., &c. J
In these eases (as well as in some others
involving similar questions,
and in which the same person is
complainant), William II. Delaney, Esq.,
was, on the 20th of August last, appointed
Special Master, to perform
certain duties specified in the orders for his
appointment. I am now
moved to revoke the orders for the
reason, among others, that they were
premature, and in the condition of the eases as
they now appear, I feel
constrained to sustain the motion. The cases are
not
for the in¬
quiries which the Master was directed to make, and it isripe
not yet certain
that the inquiries will ever be
necessary. Nor can I see that the final
disposition of the eases would be hastened by any
report the Master can
now make.
It is therefore directed that the
aforesaid orders made on
the 20th of August last, by which the said William
H. Delaney was ap¬
pointed Master, and by which certain duties were
required
of him, he,
and they are hereby, revoked.
(Signed)
W. STRONG, J.
September 11, 1879.
The Clerk of the Circuit Court will cuter this of
record.
(Signed)
W. S.
FIR^T-CLASS INVESTMENT.
$25,000 BONDS 8 PER CENT SEMI-ANNUAL INTEREST,
GREEN¬
WOOD COUNTY, KANSAS.
One of the most fertile in the State.
For sale at par and accrued interest.
RIPLEY <fc COMPANY-, 66 Broadway, N. Y.
September 13, 1879.]
THE CHRONICLE.
of the
in the
3P*je jankers' (jjaecttc.
No National Banks
Per
Cent.
Railroads.
Chic. <fc Northwest., pref. (quar.)
1%
When
Books Closed.
Payable.
(Days inclusive.)
1
2
Hept. 27. Hept. 18 to Sept. 28
Oct.
15. Sept. 21 to
Oct.
15. Sept. 16 to Oct. 19
Jefferson
5
On
Ma celaneous.
Atlantic & Pac. Telegraph (quar.)
Western Union Telegraph (quar.)
%
1%
.
Lehigh Valley (quar.)
N. Y. Central & Hud. Riv. (quar.)
Insurance.
Closing prices at the N. Y. Board
dcm.
8ept. 30. Sept. 20 to Sept. 30
Oct.
15. Sept. 21 to Oct. 15
FRIDAY,, SEPT. 12, 1879-5
P.
The Money Market and Financial Situation.
6s, 1880
6s, 1880
6s, 1881
6s, 1881
5s, 1881
5s, 1881
4%s, 1891
Hi.
The atten¬
tion of Wall street has been
largely concentrated ou the Stock
Exchange this week. The movement in stocks has been particu¬
larly buoyant in
many
heretofore defaulted
6s,
6s,
6s,
6s,
*
market
follows the
same
a
rise
or
fall of ten
per cent
The
expenses to
11.
Sepfc.
12.
*
,
cur’ey, 189 5
cur’cy, 1896
etir’ey, 1897
This is the price bid;
no
sale
was
made at the Board.
Sept,. 1, 1879,
Range since Jan. 1,1879.
Lowest.
Amount
Highest.
Closing prices of securities
the range since Jan. 1, 1879.
Registered.
29.
-
5.
103%
108 % 1
Coupon.
worthy of note
was
consols.
$77,661,050
231,957,550
83,891,050
270,012,500
follows:
Range since Jan. 1, 1879.
12.
Lowest.
Highest.
)5
July 16 109% Jan. 4
108% 106% Mob. 24 110
May 2
Mch.26 105% May 22
104%!
State and Railroad
as
in London for three weeks past and
were as
Aug. Sept. 80.pt.
U. 8. 5s of 1881
U. 8. 4%s of 1891
U. 8. 4s of 1907
were
Sept. 1, 1879.
6s, 1880-1.. ep. 103% Aug. 29 107% June 23 $205,075,300
5s, 1881
cp. 101% Aug. 27 107% Jan. 15 273,4 «2,800
4%s, 1891..cp. 104
Mch. 21 108
May 21 166,10^,950
4 s, 1907....ep.
99
Apr. 1 103% May 21 466,386,300
6s, cur’ncy.rcg. 119% Jan.
4 128
May 31
64,623,512
in the stoc'; market under
following table shows the percentage of working
Sept.
10.
104%
follows:
course, and the
speculative manipulation is a matter of little importance in con¬
sidering the actual permanent value of a given stock or bond.
In connection with the railroad
earnings the following, published
in the Philadelphia Ledger, will be found of interest:
Sept.
The range in prices since
January 1, 1879. and the amount
of each class of bonds
outstanding
fancy stocks are the favorites in mo-t cases.
Kail road earnings to the first of
September are reported at
length on another page, and the tables, given here more
fully
than in any other publication, are
worthy of careful study by all
parties interested in stocks and bonds. Earnings must continue
to furnish the great standard
by which railroad values shall be
tested, and
9.
follows:
104 ki 104% *104%
10412 *104%! 104%
102:% 102% *102:% *102 3s 102% *102%
102:% 102:% *102<‘% *102 3s 102% 102%
*10412 *104:% 104ki 104 % 104 a* *1015*
104% 10458 ! 10458 *104 5s IO434 104%
100% 100%, *100*% 100% 100% 101
101 % *101% ! 1015s 101%
101% 102
*121
*121
*121
*121
*121% 121%
*121
*121
*121
*121
*121% *12134
*121
*121
*121% *121
12134 *122
*121
*122
*122
*122
|
■*122% *122%
*121% *12212! *122
*1221.4 *122% *123
on
speculators interested, may in this instance account for greater
activity in the low-priced stocks, but the buying certainly appears
to be more general than that, and the main
point of interest is
the
Sept.
8.
as
% *104% *10412
!
operations of the leading
that the rest of
Sept.
*10IV 104 %
cur’cy, 1898
6s, cur’cy, 1899
their interest and have been
foreclosed
or reorganized ; the Union Pacific alone has
shown its
ability
through a series of years to earn the interest on its bonds and
pay regular dividends.
And yet in the present movement the
only one of these stocks which is almost entirely neglected is
that of the Union Pacific. Possibly, the
have been
*103%,* 103% 103 k! 103% 10358*103%
*10.;:%,* 103 k* *103% '1033s *103% *103%
104
4^8, 1891
4 s, 1907
4 s, 1907
of the low-priced
or to-called fancy stocks,
scarcely a week in the present year has witnessed a more
general advance in the cheap non-dividend-paying stocks. As a
type of the prevailing temper the Gould and Field stocks
may be
selected, embracing in all four prominent lines of railroad—the
Union Pacific, Kansas Pacific, St. Louis Kansas
City & Northern
and Wabash.
All of these roads
except the Union Pacific have
and
by the Treas¬
Government ottioers, mostly post-masters, were making the sale, 790
designated b3' the
Secretary of the Treasury as depositors; only 509 of that number, how¬
ever, qualified by filing a bond, through whom sales were made to the
amount of $28,569,200.
One hundred and eighty-four national banks
were designated for the
purpose, and 76 of that number qualified,
selling $1,197,670. The remainder, $10,245,870, were sold
by the
United States Treasurer and Assistant Treasurers.
The accounts of allthe depositaries have been closed, and the entire
proceeds of the certifi¬
cates sold by them have been deposited in the
Treasury without the
loss of a single cent; $35,860,750 in
refunding certificates have been
prosented for conversion into 4 per cent bonds to date.
DIVIDENDS.
Company.
$10 funding certificates for the benefit of the people is told
following Washington dispatch of September 7:
Of tbe toiwlollar refunding
certificates, there were sold
ury Department $40,012,750.
For the purpose of
organized during the past week.
The following dividends have recently been announced:
Name of
273
I.v04 %J 01
Bonds—In State bonds the only 'nature
the covering of some short saies
on
Louisiana
Railroad bonds
costliest to operate, the Pennsylvania has been run the
cheapest ou the
general average, although the Baltimore <fc Ohio has been
operated
almost as cheaply. Taking each of the eleven
years, and comparing
the four railroads, it is found that the
Pennsylvania Railroad was oper¬
ated upon the lowest percentage of
working expenses in
1873,
1874,1875, and 1877, the Baltimore & Ohio Railroad in 1870,
1871,
1872, 1870, and 1878, and the New York Central Railroad in1808,
1809. The
Erie Railway was in every year operated at the
highest cost of the four
railroads.
Year.
1868
1869
1870.....
Balt. <fe O.
66.86
65.97
64.70
59.58
57.46
1871
1872
1873
1874
1875
N. Y.Cent’l.
67 997
Eric.
87.41
Pcnji.
64.19
86.966
62.91
62.40
91.627
71.78
68 55
68.11
73.16
75.12
77.14
74.10
67.98
70.7
59.15
60.37
58.92
57.74
54.25
55.87
58.70
55.47
52.91
76.54
59.35
68.22
63.22
59.72
1877.....
1878
57.80
58.74
56.18
55.73
52.83
62.34
64.93
62.48
Average.
59.59
63.72
.......
1876
61.16
61.11
The money market has worked with
and stock brokers have
usually been
*
*AA4V/
wiuiuviVAUA
The Bank of
C4
x
00110
more
ivauijj
at
JlUl
England weekly statement
tion
:
Shares.
51
I
‘
Shares.
• 10 Star Fire Ins. Co
47 % I 20 Nat. Broadway Batik
195
50 Manhattan Gas Light Co
Coney Island <fc Brooklyn
(horse) R.R
16 Broadway Ins. Co....
25 Hamilton Fire Ins. Co
121
68.8
steadiness this week,
supplied at 5(56 per cent on
x
have been rather less active on
speculative
transactions, but among the investment bonds prices remain very
strong.
Messrs. Adrian II. Muller & Son sold the
following at auc¬
|
Closing prices of leading State bonds
the range
since Jan. 1, 1879, have been
Sept.
States.
5.
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s, old
Virginia 6s, consol
*
This is the price bid;
Segt.
for two weeks past, and
follows:
as
Range since Jan. 1, 1879.
Lowest.
Highest.
*37% 36
July 24 69 Jam" 6
*104% L03% Men. 5 107 % June 10
*22
*22
18
Feb.
8 25% June 14
j
*30% *30% 30 1 Aug. 20 42
Feb. 13
*80
*80 %‘ 73% June 20 73% June 20
41% Apr. 29 44
Mch. 28
79% Jan.
3 885s May 23
*37
*105
do
do
2d series.
District of Columbia 3-65s...
LCI1 lA
110
212
126
no
sale
was
made at the Board.
on Thursday showed
Railroad and ITIlicclIaneoua
Stock*.—The general tone
gain of £178,000 in specie, and the reserve was 58 5-16 per cent
of
the stock market is referred to in our
of liabilities, against 58 3-16 the
introductory remarks
previous week; the Bank’s above. The notable feature is the
nominal discount rate remains at 2
activity and s rength in the
per cent, and the actual rate list of
is about
per cent.
The Bank of France lost 31,625,000 francs roads non-dividend-paying stocks, many of them belonging to
which have been reorganized after defaults on their
in specie.
a
The last statement of the New York
City Clearing-House banks,
issued September 6, showed a decrease of
$575,850 in the excess
above their 25 per cent legal reserve, the whole of
such
excess
being $1,133,800, against $3,759,650 the previous week.
The following table shows the
changes from the previous
and
a
comparison with the
1879.
-
Sept. 6.
two
preceding
Differ’nces fr’m
previous week.
Loans and dis. $257,386,800 Dec. $773,500
19.753,800 Inc.
Specie
69,100
Circulation
21.372.300 Inc.
429,800
Net deposits
226,635,600 Dec. 2,181.800
Legal tenders.
40,038,900 Dec. 1,190,400
..
.
week
years.
ings
1878.
Sept.
It is also to be observed that in some cases of the
interest.
sound dividend-paying stocks a
sharp advance takes place in the
face of a large decline ih earrings—thus Illinois
Central rises
from 85$ to 13^ with a few days, just as
the August report of
earnings shows a decrease of nearly $ ICO,000. Wabash goes
up
from 34 f
last week to 42J
to-day, as the earn¬
7.
1877.
Sept. S.
$243,432,900 $243,920,800
16.953,100
19,062,300
216.711,200
50,683,500
19.961,600
15,568,400
210,574,100
45,303,900
for eight months of the y* ar show a decrease
$249,000 ; but it is true, of course*, that the main
strength of Wabash and St. Louis Kansas City & North¬
ern
depends on the working of the consolidated line when per¬
fected, and not on present earnings. The salient question about
of
this consolidation is whether Mr. Gould intends to
did Atlantic & Pacific Telegraph, for
use
it,
as
he
breaking rates on compet¬
compelled to buy up the opposition.
ing lines, until they are
Ilan. & St. Joseph common and preferred have been
conspicuous
Government securities have been for
buoyancy, and it is C3ncluded that there is buying for the
fairly active at steady prices. It is to be expected now that election next month ; the net
earnings for August show a de¬
government bond dealings will settle down iDto a more
regular crease of $84,542. St. Louis & Iron Mountain, Ohio & Miss.,
and
a
time
channel,
in
short
we will
regard a fluctuation of ± per Ind. Cm. & Lafayette, as well as the more important stocks
cent in a day as more remarkable than a
change of $ or 1 percent Northwest and St. Paul, have all been strong on a large business.
in prices has he retofore been considered.
The eoonom;c romance Just at the close a reaction is
perceptible.
United States Bonds.
—
274
Tlie
THE CHRONICLE
daily highest and lowest t>rices
Saturday, Monday,
Sept.
■Canada South.
Cent, of N. J..
Chic. & Alton.
Chic. Bur. & 6.
00
51
89
0.
Tuesday,
Sept.
00
00
61%
89-V
Sept.
02
53
51%
liave been
02
9.
02%
*114% 14% *114 115 115 115
00% 07% 07% 09% 08% 09%
97
97
90% 97% 97%
77% 79% 79% 80% 79% 97%
81
do
pref. 98% 98% 99
99% 99% 99%
Chic. R. I.& P. *133%
138%
138% 138% 138%
Chic. St.P.&M. 45%
47% 40% 47
45
46%
Clev. C. C. & I. 51
51
50% 51%
Col.Chic.& I.C.
8
....
Del. & H.Canal
Han. & St. Jo..
do
pref.
Illinois Cent...
Kansas Pacific
Lake Shore....
Louisv.&Nasli
Mich. Centra!..
Mo. Kans. & T.
Mor. & Essex..
N.Y. C. & H. R.
N.Y.L.E. &\V.
do
pref.
Northern Pac.
do
pref.
Ohio & Miss..
Pacific Mail....
Panama
St.L &I.M.assd
St. L. K.C. & N.
8%
47% 48
58% 58%
8%
8%
49%
00%
21%
43%
48%
59
50
*.... 155
27% 28%! 28% 29
23% 23%! 23% 24
58% 59
58% 59%
87% 89%
70
71%
87% 88%
56% 57%
81
119
119
26
*49
25% 26%
49% 50%
17% 17%
47
47
16%
20%
16%
22%
95
115
07% 69%
97% 98%
80% 81%
99% 99%
*138%
43%
52%
8%
8%
48% 48%
59% 59%
24
22%
49% 48%
...
45%
52%
8%
49%
60%
23%
49%
92%
do
(Iowa). .August
Int. &Gt. North.. 4th wk
Aug
Kan.C.St.J.& C.B.July
Kansas Pacific.... 4tli wk
Mo. Kans. &Tex. .1st wk J’ly
Sept
Mobile & Ohio
August
17%
40%
16
21
29%
23%
58%
12%
17%
43%
4
90
119
.3% 3% 4
4%
78% 79
78% 79%
40% 41% 41% 42%
Sales of
Week.
Prices since Jan. 1, 1879.
Shares.
Lowest.
Canada Southern....
4,503
45 % Jan.
Central of N. J
40,403
33% Jan,
Chicago & Alton
4,783
75
Mch.
Chic. Burl.& Quincy.
1,045 llli6 Jan.
Chic. Mil. &St. P
136,242
343s Jan.
do
do pref.
6,585
7434 Jan.
Chicago & Northw... 193,320 4958 Jan.
do
...
do
pref.
6,381
767e Jan.
Chic. Rock Isl.& Pac.
120 119
Jan.
Chic. St. P.& Minn.*.
8,108
21
May
Clev. Col. Cin. & Ind.
3,444
34% Jan.
Col. Chic.&Tnd. Cent
7,285
5
Jan.
Del. & Hudson Canal
15,540
38
Jan.
Del. Lack. & Western
170,510
43
Jan.
Hanuibal & St. Jo
39,850 13% Jan.
do
do pref.
40,436
34
Jan.
Illinois Central
10,002
7914
Mch.
Kansas Pacific
13,550
9!6Jan.
Lake Shore
68,312
67
Jan.
Louisville & Nashv..
15,560
35
Feb.
...
Michigan Central....
Missouri Kau. & Tex.
Morris <fc Essex
N. Y. Cent. & Hud.R.
N.Y. Lake E.& West.
do pref
Northern Pacifict...
do
pref.t
Ohio & Mississippi...
Pacific Mail
P.inama
B t. L. I. Mt.
South.
St. L. K. C. & North.
do
pref.
St. L. & S, Francisco.
do
pref.
do
1st pref.
Sutro Tunnel
Union Pacific, r.
Highest.
3
2
3
7
4
4
3
3
8
5
123
39,160
13
14,805
19,944
7,070
7,375
3,086
1,350
6,170
7
25%
3%
4%
934
23s
.Sept.
“
“
4<
«
“
6,..'.
2,500
6,800
8
9
10
11
12
13,550
13.500
16,369
14,850
45%
45%
2
4
2
2
4 24
Sept.
10 49% Sept.
26 93% Sept,
21
71% Sept.
6
93
Aug.
13 70% May
2
90% Jau.
4
18% May
3 94
Aug.
24 121% June
4 29% May
2
54
May
11
12
11
9
21%
723s
12
12
55 %
35
27
53%
10
85
11434
54%
8434
55%
79%
122
North¬
13,425
33,570
19,187
14,660
19,800
35,410
west.
44,110
34,100
25,000
33,500
21,200
were as
Prime hankers’ sterling bills on London.
Good bankers’ and prime
commercial...
Amsterdam (guilders)
5,900
5.C50
55,170
18,450
21,640
49,000
20,900
21,090
4,901
20,690
6,350
3,780
13,450
16,020
18,950
11,875
7,300
6,310
stock
19.
20..
June 2..
“
9..
“
6,525
13,112
12,750
6,400
6,625
Atl.&Gt. West...July
Atlantic Miss.«feO. July
Bur. C. Rap. <fcN.. 4th
wkAug
Burl.&Mo.R.mN.June
358,105
138,224
45.698
140,736
6,010
127,441
40,498
90,590
4,793
Cairo & St. Louis.. 2d
wkAug.
Central Pacific.'..August
1,552,000 1,726,667
Ches. & Ohio
..August.... 215,945 189,337
Chicago & Alton. IstwkSept 137,623 107,612
Chic. Burl. & Q... June
1,160,968
897,090
Chic. Mil. &8t.
P.IstwkSept
..
227,000
-Chic.&NorthwestAugust.... 1,347,000
“
*
177,796
1,266,460
853,710
884,641
862,688
142,513
2,304,298
889,251
992,981
8..
9,613,529
76
00
70
65
39%@
40
93 7s@
94%
94%
94*4
9414
9378@
937s@
937s@
Five francs
92 @
95
Mexican dollars.. — 87 @ —
87%
English silver
4 75 @4 80
Prus. silv. thalers. — 68 @ —
70%
Trade-dollars
99%@ — 99%
New silver dollars — 9934@
par.
—
—
....
12%
3.600.100
3.583.200
3.556.100
3.577.700
—
130.331.800
129,489,000
129.973.500
3.563.400
3.948.500
3.559.400
3.557.700
3.547.400
3.585.200
130.510.500
3.620.400
3.590.900
3,572,600
3.567.500
3.561.200
3,496,300
3.474.900
3.531.200
3.304.200
127,747,900
*
3,863,000
60,023,900
4.194.300 *42,8(55,800
3.589.200 *44,103,900
3.165.800 *44,101,200
3.886.700 *43,895,000
4.168.200 *44,391,200
4.165.500 *43,997,000
4,118,400 *43,606,400
4.433.500 *44,795,300
4.717.100 *45,332,100
5.433.900 *45,858,600
5.390.800 *47,007,900
5.386.300 *46,772,700
5.354.200 *46,838,500
5.643.900 *40,854,900
5.159.100 *45,803,800
4,777,000 *44,409,300
4.375.200
4,182,000
Philadelphia Banks,—The
are as
follows:
o
Mar 31
4nrii
‘‘
“
“
7
14
21
28
Mav
5
12
19
“
26
June 2
“
9
“
16
“
23
“
30
‘
“
“
735,081
137,980
July
1,234,015
3,108,359
Aug.
7...,
14
21
2S.
4
11
18.....
6,417,791
5,603,745
9,487,936
'
*42,945,600
*43,340,700
26,299,600
26,228.800
26.218A00
26.369.200
26.437.800
26,569,000
26.704.100
26,075,100
26.578.300
26,640,000
26.915.300
26,538,700
26,572,500
26.635.200
26,700,000
26.749.800
26.832.100
26,981,400
27.117.800
50,505,511
50,552,817
48,456,247
46,516,810
44,033,227
51,329,031
49,413,570
45,176,053
47,775,068
51,738,637
47,866,112
49,241,007
43,383,417
43,253,354
43,813,373
48,193.104
5
L,820,024
44,612,5.6
Other than Government and
hanks, less
10,849,408 11,094,474
1,202,136
3,440,586
6,510,239
5,764,000
5.26%@5.217s
series of weeks past:
Specie. L. Tenders. Deposits. Circulation.
Agg.Clear.
$
Loans.
$
133.220.500
1:12,953,200
130,290,000
“
22,900
5.26%@5.2178
5.26%@5.2178
UankK.—The following are the totals of the
Boston
a
130,903.000
130,583,300
July 7.. 134.824.800
14.. 129,931,700
“
21.. 128.000,500
“
28.. 127.896.500
Aug. 4.. 128,035,500
11.. 129,133,000
“
18.. 130,578,100
“
25.. 131.174.200
Sept. 1.. 129.447.200
comparison.
3,719,518
10..
23..
30..
“
outstanding is given in the
123,519
307,188
12..
“
Shore.
/—Latest earnings reported.—s
/—Jan. 1 to latest date.^
Week or Mo.
1879.
1878.
1879.
1878.
Ala.Gt.Southern.June
$23,263 $20,950
$
$
Ateh.Top. <fc S. F.4tk wkAug 127,500
5..
“
Lake
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the
gross earn¬
ings of all railroads from which returns can be
obtained. The
columns under the
heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and
including, the period men¬
tioned in the second column.
@
@
par.@%prem.
Total
67,569 136,242
Whole stock. 160,000 154,042 193,320 170,510 62,411 73,905 68,312
149.886 524,000 410,500
780,000 494,665
The total number of shares of
last line for the
purpose of
4 72
3 93
..
“
@4.81%
are quotations in gold for various coins:
$4 82 @$4 85
Dimes & % dimes.
99%@ —100
3 83 @ 3 85
Silver %s and %s. — 99 %@ —100
4
4
Span’ll Doubloons. 15 55 @.15
Mex. Doubloons.. 15 55 @15
Fine silver bars
1 11%@ 1
Fine gold bars....
May
@
4.81
—
Napoleons
X X Reichmarks.
X Guilders
Boston
39%
93%
93%
93%
93%
93 %@
93 %@
93 %@
93 %@
Bremen (reichmarks)
Berlin (reichmarks)
banks for
4.83%@4.84
4.82%@4.83%
@4.79%
39%@
Hamburg (reichmarks)
Frankfort (reichmarks)
following
Demand.
5.28%@5.243s
5.2834@5.243s
5.28%®5.243s
Antwerp (francs)
:
days.
4.80%34.82
4.80%@4.81
4.79
Swiss (francs)
The
follows
4.79%@4.80%
Paris (francs)
Sovereigns
are as
60
Good commercial
Documentary commercial
follows.
793,193
.
foreign exchange
617s
16%
41%
'
1,009,300
were
September 12.
15
6
Del. L. West’ra N. Y. L.
& West. Un. Tel. E. & W.
done
63s
39
75
904,364
3,602,145
4*81@4‘81i and 4*83®4,83$. The imports of
gold from Europe during the week
have been very
large, over
$9,000,000 having been received
the time of this writing.
up
to
In domestic
exchange the following were rates on New York
to-day at the undermentioned cities :
Savannah—buying | off,
selling £ off; Charleston—buying l-5@£
discount, selling J
premium ; New Orleans—commercial
par, bank 1-16 premium ;
St. Louis, 75 discount;
Chicago—firm, 1-10 discount buying, 1-10
premium selling ; Boston, 12£ cents discount.
59 7s
12%
71%
883,648
sterling bills respectively. To-day, the
steady but dull, and the ac:ual rates at which
busi¬
The quotations for
87
4
was
ness was
38%
2
7%
673s 89
14 10334 115
5
7% 22%
5 21% 38
18
Sept. 12
48% July 31
17% Sept. 12
6% 11%
22% Sept. 12 12% 23 7s
Jan.
2 160
Aug. 4 112 131
Jan.
2
333s Sept, 12
5
15%
Jan.
2
2434 Sept. 12
3%
7%
Jan.
2
60
Sept. 4 19
26%
Jan.
8 14
Sept. 11
1%
4%
Jan. 21 19
Sept. 4
1%
5%
Jan. 23 44%
Aug. 22
5% 11%
Jan. 16
4% Mch. 17
5
3%
Jan. 31 81
Feb. 19 61% 73
Mch. 13 f 42 7s Sept. 12
12% 23 %
Aug. 41116 June 11 75% 102
t Range from July 30.
St.
Paul.
35,600
market
High.
57%
Wabash
67,569
1734
Western Union Tel.. 1
62,411
8858
*
Range here given is from May 5.
Total sales of the week in
leading stocks
Wabash
1878.
63% Mch. 15 38
55
July 31 13%
95
Aug. 9 6634
122% Feb. 19 99%
70
Aug. 6 27%
98% Sept. 12 64
817s Sept. 12 32%
99% Aug. 12 5934
141% Aug. 7 983s
47% Sept. 6
53
May 21 23
9% Aug. 6
2%
5138 June 2 343s
62% July 31 41
6,531
7334 Jan.
4,700
53s Jan.
6,787
75is Jan.
2,939 112
Mch.
73,905
21!sJan.
4,550
37% Jan.
2,700
16
Aug. 9
1,760
4414 Aug. 30
25,605 |
4
734 Jau.
90,440 t 103s Jan. 13
11
Range for
Low.
3,436,682
-
Total sales this
week, and the range in prices for 1878 and
'Since Jan. 1, 1879, were as
follows:
-
572,827
103,062
43,468
98,916
93,476
..
94% 96% 94% 95
94% 94%
sale was made at the Board.
no
104,677
44,539
135,467
117,363
78,774
..
...
78% 78%
39% 40%
474,661
2,3*65,2*35 1,739,1.59
76,349 1,886,574
104,600 114,979 1,060,673 1,846,868
Nashv.Ch.&St. L.July
1,146,589
133,590 112,703
N.Y.L. Ere & W. .June
971,476
934,676
1,230,419 1,258,988 7,664,792
7,131,666
Pad.&Elizabetht.Sd wk
6,710
6,953
Pad. & Memphis.. 3d wk Aug.
175,333
198,446
Aug.
3,088
3,763
97,769
126,791
Pennsylvania
.July
2,782,906
2,536,733
18,196,964
Phila. &
Erie......July
241,018 214,081 1,595.103 16,988,670
Pliila. & Reading.
July
1,303,522 987,721 7,998,189 1,475,733
6,658,145
St.L.A.&T.H.(brs)4th wk Aug 13,300
12,296
St.L. Iron Mt. & S.
326,345
303,371
August
409,100
348,534 2,670,362 2,516,913
St. L. K. C. & No
2d wk Aug.
56,739
76,841 1,801,493 1,887,735
St. L. & San Fran. 1st wk
Sept
47,000
28,600
862.799
772,309
St.L.&S.E.—St.L..4th wk Aug 19,544
19,349
438,733
St. Paul &S.
405,301
City.July
47,622
47,720
349,775
Scioto Valley
332,833
August
29,005
29,082
202,816
Sioux City &St.P.
174,573
July
28,325
27,519
188,063
Southern Minn...July
207,232
50,392
53,201
315,720
Tol.Peoria<fcWar .IstwkSept
427,184
27,697
27,773
Union Pacific....
808,089
863,934
942,616
26dysAug
789,527
Wabash
4th wk Aug 183,197
201,203 2,899,462 3,148,545
Exchange.—No change has taken
place during the week in
the posted rates for
foreign
which remain at 4’82 and
exchange,
4'84 for long and short
91
90% 91
119% 119% 119%
20% 25% 20% 25% 26%
49% 49
49% 48% 49%
17% 17% 17% 17% 18
47 I 40% 40% 40% 47
10% 16% 17
17
17%
22%! 21% 22
20% 22%
j*
158
*....158
30
29% 32
32% 33%
23% 23% 24% 24% 24%
59% 59
59% 59
59%
13% 13% 14
13% 13%
18%' 18% 18% 18% 18%
43% 43% 43% 43% 43%
4
119
155
prices hid and asked;
47
115
57% 60
91% 90% 91
119
8*1
are the
7%
48%
59%
22%
63
52%
91
3*
These
....
03
51%
94%
81% 81% 81% 81% 81%
15% 15% 15% 15% 15% 15% 16
15%
91%
155
60%
23%
45% 47
29% 30%
23
23%
do
pref.
58-% 59%
St.L. & S.Fran.
13
13
12% 12%
do
pref. 17% 18
17% 18% 17% 17%
do 1st prf. 42%
42% 43
43
42%
43
Sutro Tunnel.
4
j 3% 3% 4% 4%
Union Pacific..
78% 78% 78% 78
78%
Wabash,
39
39%' 39%
39% 40%
West. Un. Tel.
*
8
59
22
50%
80% 80% 80% 81%
15% 15%
91
91
oi” 91%
118% 118% 118% 118%
20% 20% 20% 27%
49% 49% 50
50%
17% 17%
40% 40% 40% 47%
10% 10% 10% 10%
18
19% 19% 21
8
48% 49%
21
21% 20%
43% 44% 43%
86% 80
87
• 07% 08
71
87% 87% 87% 88%
50
80
07
50%
....
-Latest earnings reported.—,
Jan. 1 to latest date.Week or Mo.
1879.
1878
1879.
Chic. St. P. & Min.4th wk
1878.
28,758
30,730
Clev. Mt. V. & D.. 3d wk Aug
659,200
564,907
Aug.
7,005
6.883
234,178
Dakota Southern. July
227,868
14,529
19,194
Denv. & Rio
118,328
124,301
G...Aug. 15-31
63,323
61,700
Denv.S.P’kA Pac. August
91,204
399*887
Dubuque& S.City.4t h wk Aug
16.808
'i 8,015
Frank. AKokomo.
514,052
615,542
July
4,580
3,088
Gal.Har. &S. An.July
22,953
19,003
98,580
83.877
Gal. Houst. & H..
July
27,085
24,466
214 ,*6*13
Grand Trunk.
19*4*391
171,008 5,579,632 5,707,504
Gr’t Western. Wk.end.Aug.30 180,772
Wk.end.Aug.29
89,378
89,089
Hannibal & St.Jo.4th wk
2,747,913 2,996,315
Aug 40,285
70,215 1,122,530 1,195,076
Houst. & Tex. C..
July
186,848
146,637 1,389,522 1,176,760
Illinois Ceil.(Ill.)..August
Fridav,
Sept. 12.
51
90
Chic.M.&St.P.
do
pref.
Chic. &N. W..
Del.Lack.& W.
follows:
62% 63% 02% 03%
52% 51% 51%
93
92% 95
114% 114% 114% 114%
07% 68% 67% 68%
97% 97% 97
97%
79% 81
79% 81%
99% 99% 99% 99%
♦138%
*138%
45% 45% 45% 45%
52% 52% 52% 52%
51% 53
89% 90%
89% 90
as
Wednes., Thursd’y,
Sept. 10.
Sept. 11.
[Vol. XXIX.
2*
Sept.
1...,
8
Loans.
9
59,006,342
59,994,059
60,554.971
60,548,117
60,122,582
60.174,972
59,914,320
60,160,886
60,915,891
01,429.850
61,917,078
62,036,882
61.810,180
61,740,307
62,221,496
62,171,993
61,974,527
61,415,446
61.932,961
62,740,441
62 688,249
62,972,900
62,784,728
62,880,204
Lawful
Clearing House checks.
totals of the
Philadelphia bankfl
Money. Deposits.
£
14,890,998
13,701,732
14,022,748
14,516,885
14,369,637
14,948,989
15,353,558
10,138,678
15,919,569
15,938,439
15,790,707
15,883,014
15,311,615
15,790,181
16,205,151
16,533,493
16.307,446
17,405,816
45,256,362
45,111,747
46.552,535
47,238,852
47,044,599
47,626,868
47,786,056
49,143,430
49,633,284
49,941,608
50,363,092
50.721,250
49,713,483
50,309,722
51,378,9:36
51,811.642
51,512,347
51,901,368
52,980,548
17.396,893
17,590,102
17,011,709
10,308,517
10,539,218
16,569,557
.
11,422,038
11,520.122
11,509,940
11,516,236
11,508,643
11,498,821
11,492,197
11,476,011
11,465,857
11,449,130
11,431,493
11,424.901
11,397,218
11,383,105
11,398,306
11,406.680
11,423.816
11,415,745
|
29,945,441
38,653,745
30,561,240
38,407,056
34.295,148
37,642,885
40,016,138
38,955,072
39,353,762
31,805,486
46,780,676
38,804,535
37,579,238
34,442.141
11,406,477
37,789,094
34,090,465
37,197,358
94,940,097
35,745,324
51,505,795
11,445.171
51,580,453
11,500,647
32,011,855
31,318,853
30,002,487
52,719.432
-
Circulation. Agg.Clear.
52,015,108
51,415,739
11,437,610
11,438,100
11,430,589
35,792,049
33.978,324
S
THE
13, 1879.]
EPTEMBER
CHRONICLE
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business
on
Sept. 6, 1879
Capital. Loans
and
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,(MX),000
1,000,000
1,000,000
600,000
300,000
City
Tradesmen’s....
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific
Republic
...
Chatham
People’s
North America..
Hanover
Irving
Metropolitan
....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
565.700
290.e00
9.337.900
555,000
291,000
13,589,400
5,034.300
3.747.800
2.173.000
3.880.500
1.182.600
371,400
367,200
3.082.300
1,356,400
2.412.100
18.600
25.300
1.843.300
3.010,000
3.646.100
4.313.200
1.464.900
2.351.600
1,000,000
300,000
400,000
1,500,000
2,000,000
500,000
225.000
240,000
250,000
100,000
3,200,(MM)
2,000,000
210,000
141.100
386,000
148.100
305.300
306.000
92.400
5,000
16,800
20.100
704.300
2,051.300
799,200
1.373.700
9,293,000
1.080,000
2,643.100
412,000
9.560.900
3.415.700
3.405.700
2,093.500
368.400
340.100
659.600
238.700
21.100
1.822.400
1,091,200
960,000
153.200
402.500
1.561.300
12,591,000
7,031,700
2,631,000
5.853.200
1.759.500
1.158.700
11.074,800
2.960.100
525,000
226.300
267.800
1,805,000
561.500
326.800
75,000
2.065.500
2.488.100
3.139.700
362,000
81.400
104.600
52.600
84,000
622.500
130.900
345,000
105.900
1.735.300
5.914.300
500,000
1,000,000
690.600
710.100
594.400
1,028,100
200,600
64,200
113.600
1.369.000
$
7.740.200
3,700,000
5,050,800
5.408.900
686.700
14,900
13,024,000
1,500,000
450,000
412,500
700,000
1,000,000
500,000
3,000,000
600,000
1,000,000
500,000
500,000
$
1,815,000
1,047,200
196.500
185,000
1.717.600
201.500
162,800
173.900
35,000
1.279.900
1,131,000
833.800
2.714.800
869,100
1.874.600
5,000,000
5,000,000
1,000,000
1,000,000
1.613.900
2.987.500
1.300.500
1.670.400
5.983.700
322.000
882.100
383.400
2.297.700
2,396,000
271.700
185.200
357.100
347.800
459,000
198,000
1,034,400
175.500
10,176,000
1.462.400
1,829,000
1.785.700
1.362.400
2.800.000
2.209.500
4.078.400
1,191,000
2.313,000
497.000
3.583.400
15.959.000
1,006,400
12,290,800
662,000
1,074,900
55,000
675.600
698.800
824.500
308.500
15.009.300
3.800
93.800
17.340.000
14.804.600
455.000
601.400
36.700
138.100
84.100
1.000
812,000
44.800
1,125,400
440,000
2.445.600
1.570.600
609.300
347.800
13.858.200
7.833.000
8,455,000
2,860,200
59.000
79.200
2,3:10,000
190.000
372,000
2,348,000
300,000
250,000
200,000
750,000
458,000
1.329,300
1,164,000
153.500
267,000
284.400
1.893.300
354,000
1.500.700
925,000
55,600
33,000
10.700
132,600
3.718.000
10.225.900
1,000,000
4.113.000
9.515.700
7.562.500
980,000
1.100.500
300,000
2.105.700
118,100
124,200
463.800
2.200.800
300,000
750,000
500,000
Bowery
National
N.
York County..
Germ’n Americ’n
Chase National..
Total
708.300
6.855.500
4.131.600
3.687.300
3.472.700
200,000
600,000
300,000
800,000
Grocers’....
North River
East River
Manuf’rs& Mer..
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
6,042,100
2.887.600
1,598,000
10.728.200
422,700
...
$
521,000
165,000
2,840,000
6,180,800
1,000,000
1,000,000
300,000
300,000
Butchers’&Drov.
8/ 35,500
5.627.100
1.192.200
1.291.700
1.027,400
7.901.800
810,600
1.536.100
Loans and discounts
Specie
Legal tenders
Dec..
Inc..
Dec.
$773,500 ( Net deposits
69,100 I Circulation
1,190,400 1
Loans.
$
..
Jan. 25.
Feb. 1.
Feb. 8.
Feb. 15.
Feb. 21.
Mar. 1.
Mar. 8.
Mar. 15.
Mar. 22.
Mar. 29.
Apr.
Apr.
Apr.
Apr.
May
May
May
May
May
5.
12.
19.
26.
3.
10.
17.
24.
31.
June 7.
June 14.
June 21.
June 28.
July 5.
July 12.
July 19.
July 26.
Aug. 2.
9.
Aug.
Aug. 16.
Aug. 23.
Aug. 30.
Sept. 6.
Specie.
240,306
:
429,800
$
$
$
$
19,576,700
325,696,134
211.590.600 19.767.600
53.599.600 214.981.200 19.617.600
54,048,800 219.219.200 19.486.600
51.135.400 219.387.300 19.427.100
48.334.800 217.271.200 19.398.800
45,377,000 216.382.600 19,3.‘15,900
42.651.800 213.429.700 19.232.400
40.593.800 213,293,100 19,236,000
39.173.400 210.563.300 19.335.200
36.972.600 206.591.400 19.290.900
34.268.900 198.945.600 19.512.100
31.815.800 193.121.700 19.635.500
36.145.400 195.303.700 19.696.100
40.672.100 200,255,000 19.721.200
45.224.500 204.514.200 19.707.600
49.440.500 214.331.700 19.683.100
53,576,700 224.937.200 19,688,000
49.150.900 2:10,424,700 19.685.400
43.284.900 227/145,600 19.856.600
41.791.400 225,754,000 19.869.400
42.822.800 226.963.300 19.977.800
44.851.900 227.316.700 20,056,800
43.859.400 226,177,000 20.156.200
46.902.600 226.113.600 20,371/KM)
49.544.600 236,007,300 20.542.900
51.301.900 241,328,800 20.509.900
50.508.900 240,154/100 20.531.600
54.288.100 243.383,000 20.549.500
57.655.100 254.770.700 20.594.800
50.435.500 253.230.200 20.682.100
43,974,000 248.474.600 20.719.500
41.838.600 235,953,900 20.827.500
41,279,300 228.817.400 20.942.500
40,088,900 226.635.600 21,372,300
486,222,549
507,331,749
611,674,082
493,410,515
235,824,403 20,514,100 40,767,000 203,209,700
233.168.400
17.344.600
234.416.200
238.241.400
242.280.200
244.186.500
244,007,000
246.716.900
247.674.200
246.324.500
243.839.800
240.458.500
235.836.600
230.442.900
231.151.300
231,096,900
239.357.800
242.941.600
253.838.500
257.636.500
257.272.800
258,3.32,700
256,291,000
255.901.600
253.575.500
257,082,500
262.951.900
262.719.800
260.582.600
267.280.100
272,936,000
274,311,000
17.431.700
18.633.300
17.849.300
18,059,500
17.931.300
16.456.500
16.945.200
17.312.400
18.803.700
18.446.800
18,365,000
18.903.900
18.875.600
18,228,100
18.516.200
18.745.600
18.763.900
18.802.400
18.785.400
18.996.700
18.780.900
19.296.900
19.666.400
19.889.600
19.971.500
20,011,700
19.927.600
19.652.400
19.624.100
19.553.200
19.631.100
258.160.300 19.684.700
257.386.800 19.753.800
263.570.100
49.965.800
452,720,433
434,908/K)4
516,297,775
501,321,270
400,417,429
413,892,738
399.872.657
461.180.657
423,259,559
487,843,450
503,108,030
546,798,625
591,290,770
598.236.201
529,996,936
439,750,395
472,828,088
450,084,041
456,961,901
432,735,690
432.526,468
391,835,789
481.691.657
494,794,747
491.715.201
560,036,583
605,012,052
482,688,369
476,563,861
452,345,265
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
SROUBHTB8.
Bid. Ask.
Hartford & Erie 7s. new
Ka^. City. St. Jo.& C. B. 7s.
New York & New Eng. 7s
BOSTON.
New Hampshire
Vermont 68
Massachusetts 5s, gold
Boston 6s, currency...
do
5s, gold
Chicago sewerage 7s..
do - Municipal 7s..
do
2d 7s
do
land Inc. 8s.. 108% 109
122
Boston « Albany 7s
do
68
Boston & Lowell 7s
Boston & Lowell 68
103
Boston & Maine 7s
boston & Providence 7»
Burl. & Mo., land erant 7s.... 11434
do
10 6%; 107
Neb. 6s
Kan. City
do
*7*8)4 7*8%
4B.............
Top. & W.. 7s, 1st
do
7s. Inc
.98
Vermont & Canada, new 8s..
Vermont*Mass. KB.,6s
....
do
97
....
Portland 6s
Atch. & Topeka 1st m.7s
113% 114
do
land grant 7s
Fitchburg liR., 6s
333*
.
10334 10354
Ogdensburg & Lake Ch.Ss... 97%ilOO
Old Colony,7b
120
do
68
109%
Omaha & S. Western, 8s
Pueblo & Ark. Valley, 7s
105% 106
Rutland 8s, 1st mort
87
90
6s.....
do
Neb.8s, 1383 ....
Conn. & Passumpsic. 7s, 1897.
Eastern, Mass., 4*s, new. ...
Bid. Ask.
SECURITIES.
Maine 6s
113%'11434
....
1107
I
ATOPYS
! Atchison & Topeka
10034 100)4
...
(Atjhi
o 1 & Nebraska
[Boston* Albany
•Boston * Lowel'...
45
..
iBo8ton& Providence
Burlington & Mo. In Neb
48
139)4
|Boston* Maine
...
76
77
116 % 11634
120
12034
117
117%
28
30
Cheshire preferred
Chic. Clinton Dub. & Min.... 5554 55-K
Cin. Sandusky & Clev
7%
80
Concord
Connecticut River
141
143
40
Conn. & Passumpsic
4334
Eastern (MasB.)
1654 17
Eastern (New Hampshire)...
.17
.x 116
Fitchburg
Kan. City
Philadelphia* Trenton
Phlla.Wllmtng. & Baltimore.
Pittsburg Titusv. & Buff
St. Paul & Duluth R.R. Com
do
do
pref.
Top, * Western...
deb. 7s.
cps.off
United N. J. Companies
West Chester consol, pref....
West Jersey
Western Maryland..
Central Ohio
65%
6%
6%
15
40
HO34
Chesapeake * Delaware
Delaware Division
Lehigh Navigation
30
22%
51
Morns
do
22%
pref
Pennsylvania
Schuylkill Navigation
do
pref...
RAILROAD BONDS.
Allegheny
6
Vai.,7 3-10s, 1896...
do
'is, E. ext., 1910
do
lnc. 7s, end., ’91.
Belvidere Dela. 1st m. ,6s,1902.
113
100
30
106
2d m. 6s. ’85.. 103
•
• •
6s, coup., ’89 106
113
mort. 6s, ’89
Cam. & Atl. 1st m. 7s, g., 1903 116
do
21 m., 7s, cur., 1879
Cam. & Burlington Co. 6s,’97. i05
Catawlssa lst.is, conv., V2...
do
chat, m., 10s,’88
111
do
new 7s 1900
108
Connecting 6s, 1900-1904
Chartlers Val., 1st m. 7s, C., 1901 100
Delaware mort.,6s, various.. 106
Del. & Bound Br., 1st, 7s, 1905
East Penn. 1st mort. 7s, ’88 .. ioo
E1.& W’msport, 1st m.,7s,’S0. 109
>*3
do
5s,perp
Harrisburg 1st mori. 6s, ’83... 105
H. & B. T. 1st m. 7s, gold, ’90. 110
do
2d m. 7s, gold,’95.'101)4
do
3d m. cons. 7s, ’95*/....
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 6s, ’82. ....
do
2d mort. 6s, 1900
Lehigh Valley, lst,6s,cp., 18%
do
do reg., 1893... 115%
do 21 m. Ts, reg., 1910.. 119
do
con. m., 63,rg.,1923 107%
do
do
6s,cp.,19.3
Pittsburg & Connell8vllle..50
BAILBOAD
BOND8.
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O.
N. W. Va. 3d m.,guar.,’85,J& J
Plttsb.* Connells v.7s,’98,J A J
Northern Central 6s, ’85, J&J
do
6s. 1900, A.AO.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, lstm.,’90,M.& 8.
W. Md. 6s,1st m.,gr.,’90,J.*J.
do
1st m., 1890, J. & J...,
do
2dm. ,guar., J.&J...,
do
2d m., pref
do 2d m.,gr. by W.Co.J&J
do 68,3d in., guar., J.& J.
Mar. & Cin. 7s, ’92, F.
do
2d, M.&N
do
8s, 3d, J.&J
Union RR. 1st, guar., J. & J..
do
Camon endorsed.
Cincinnati 6s, long
do
do
112
112
-
....
...
115
116
120
103
108
iio%
118
90
34
scrip....
....
Pe
104%
Phila. * Read. 1st m.6s, ’43-’44. 102
do
do
’48-.4P.
2d m., 7s, op., 91?
do
do
deben., cp.,’&*
34
do'
do
cps. off.
.
do
scrip, 1832— .. 70%
do
In. m.7s, cp,1896
do cons. m. 7s, cp.,1911.. 109%
do cons. m. 7s, rg.,1911.. 110
108%
106
i&%
110
109% no
104
104%,
105% 106
113
U2
113
70
108
114
I—..
0434
44%
19%
108
112
102%
iio
103
iio
105
101%
102%
87%
104
102
102
103
100%
+89%
75
102
100
32%
80
101
35
115
Little Miami stock..
112
LOUISVILLE.
Louisville 7s.
do
6s, ’82 to *87
do
6s, ’97 to ’98
t
+
+
water 6s,’87 to ’89 +
water stock 6s,’97.+
104% 105
102
102
102
102
+ 102
’89.+ 102
do
do
wharf 6s
do
spec’l tax6s of
Louisville water 6a, Co. 1907 +
Jeff. M.Al.lstm. (I&M) 7b,’81+
do
2dm., 7s
+
do
' 1st m.,7s, 1906....+
Loulsv. C. * Lex. 1st m.7s,’97+
Louis.* Fr’k.,Loulsv.ln,6s,,8i
Louisv. & Nashville—
Leb. Br. 6s. ’86......
+
1st m. Leb. Br. Ex.,7s,’80-85.+
Lou.In.
do
6s,’93...+
Jefferson Mad. & Ind. stock.
105%
100
104
113
*
ST. LOUIS.
118% St. Louis 6s, long
do
water 6s, gold
70%
105
107
115
115
105
102
103
110
110
101
101
72
35
107
do
do
do
ao
do
111% St. Louis Co.
do
do
110%
101
102
103
,
+ 105
t 106
new.+ 106%
new
park,g.6s.+ 107%
cur.7s.. ......#+
+ And Interest.
102%
104
101% 102%
103% 104
bridge appr., g. 6s + 106%
renewal, gold, 6s. + 106%
sewer, g. 6s, ’9I-2-3.+ 106%
•
In derauD. t Per share.
§ Coa. to Jan.. ’77. fun ed.
101% 102
103% 110
105
Dayton * Michigan stock.... 32%
do
8. p.c. st’k, guar 106
do
i20
Pa.&N.Y.C.& RR.7s,1896
Pennsylv., 1st m., 6s, cp., ’80.. 103%
do'
117
gen. m. 6s, cp., 1910.
do
gen. m. 6s, rg., 1910. 117
do
cons. m. 6i, rg., 1905.
do
cons. m. 6s. cp., 1905. 106%
do
103
Navy Yard 6s, rg/81 100
n. Co ,6s. reg
Perklomen 1st m. 6s, coup.,’97
Phila. * Erie 1st in.6s, cp.,’8i
do
2d m. 7s,cp.,’S8.
t
do
7s
f
do
7'30s
f
do
South. RR. 7‘30s.t
do
do
6s, gold.t
Hamilton Co., O., 6s. long...t
do
7s, 1 to 5 yrs..+
do
7 & 7*30s, long.t
Cln.A Cov. Bridge st’k, pref.
Cin. Ham. * D. 1st m. 7s, ’80+
do
2dm. 7s, ’85 f
Cin. Ham. * Ind., 7s, guar....
Cin. & Indiana 1st m. 7s
+
do
2d m. 7s, ’77..+
Colum. & Xenia, 1st m. 7s, ’90
Dayton & Mich. 1st m. 7s. *81+
do
2dm. 7s,’84.+
do
3d m. 7s. ’88+
Dayton & West. 1st m., ’81. ..+
do
1st m., 1905.+
do
1st m.6s, 190.)
Ind. Cin. & Laf. 1st m. 7s
do
(I.&C.) 1st m.7s,’88+
Little Miami 6s, ’83
+
Cin. Ham. & Dayton stock...
Columbus & Xenia stock
.
109
..
Little Schuylkill, 1st m. 7s,’82
North. Penn. 1st m. 6s, cp.,*85. 109
do
2d m.7s,cp.,’96.
do gen. m. 78, cp., 1903. 110
do gen. m. 7s, reg., 1908
Oil Creek 1st m. 7s, coup.,’82. 85
plttsb. Titusv.* B.,7s,cp.,’96 33
5
35
32
CINCINNATI.
3dm. 6s,’37.. 102%
Camden &Amboy 6s,coup,’83 105
do
50
*&"a
Susquehanna
do
do
50
..
CANAL STOCKS.
L. Tenders. Deposits. Circulation. Agg. Clear
$
do
do
Phila. Wllm. &
54*
The following are the totals for a series of weeks past:
1878.
Dec. 28.
1879.
Jan. 18.
*16%
101% 101%:
•
Dec. $2,181,800
Inc..
conv.7s, 1893*..
7s, coup, off,’93
Phil.&K.Coal&Iron deb. 7s,92
Aakr
"
follows
are as
do
do
Ih
16)4
Ogdensb. & L. Champlain
do
pref..
Old Colony
Bid.
SECURITIES.
Phil.* R. con8.m.68,g.i.l911.
mort., 7s, 1892-3
Balt. 6s, ’84....
$
108
108%
Pltts.Cln.ASt.
L. 7s, cou., 1900 1C 7
495,000
100
Portland
Saco
&
Portsmouth
Shamokln
V.&
IOO34
1901
Pottsv.7s,
400
92
Pulluria 1 Palace Car
Steubenv. & Ind. 1st, 6s, 1884.
106%
72,100
60
Pueblo * Arkansas
60% Stony Creek 1st m. 7s 1907....
44,500
Sunb.
1734
18%
Haz. & W.,lst m.,5s,’23.
85
132,000 Rutland, preferred
Vermont & Massachusetts..
118)4
Sunbury & Erie 1st m. 7s, ’97..
1,100
32
Nashua
Worcester
&
'35)4
104
105
8yra.Gen.&
CornV,lst,78,l905
250,000
Texas & Pac. 1st m ,6s, g.,1905 98%
do
cons. m.,6s,g.,1905
PHILADELPHIA.
W6
784,500
.do
lnc.&l. gr.,7s 1915 ‘30%
STATE AND CITY BONDS.
Union
&
Titusv. 1st m. 7s, ’90. 53% 55
Penna. 5s, g’d, int.,reg. or cp.
United N. J. cons. m. 6s, ’94..
627,000
do
5s, cur., reg
Warren
&
F. 1st m.7s, ’96
do
537,900
5s, new, reg., 1892-1902
West Chester cons. 7s, ’91
iio 117
do
255,100
68,10-15, reg.,ls77-’82.
West Jersey 6s, deb., coup.,’83
‘198.000
do
6s, 15-25. reg., 1882-’92. 106)4
do
1st m. 6s, cp., ’96.
do
uu
68. In. Plane, reg.,1879
2,700
do
112
1st m. 7s,’99.
470,600 Philadelphia, 5s reg
Western
RR. 6s,cp.’.899 103%
Penn.
do
6s, old, reg.
37,600
do
6s P. B.,’96
149.800
do 6s,n., rg., prior to’95
119
CANAL BONDS.
do 6s,n.,rg.,1895* over 120
446,000
120%
Chesap. & Dela. 1st 6s, rg.,’86
1,506,100 Allegheny County 5s, coup..
Delaware Division 6s, cp.,’78.
896.800
Allegheny City 7s, reg
Lehigh Navlga.m.,6s, reg.,’84 107
179,400 Pittsburg 4s, coup., 1913
108
90
do
mort. RR., rg.,’9‘ 108
do
5s, reg. & cp., 1913
109%do
m.
conv.
938,900
do
6s, gold, reg
g., reg.,’9
do
mort.
do
402,300
7s, w’t’r ln,rg. &cp il5
gold,’97...
116%
ioo
do cons. m.7s, rg.,1911
5,400
do 7s, itr.lmp.,reg.,’83-86,
Morris, boat loan, reg., 1885..
N. Jersey 6s, reg. and coup...
270,000
do
exempt, rg. & coup.
Pennsylvania 6s, coup., 1910.. 79
8a
264.500
Camden County 6s, coup....
Schuylk. Nav.lst rn.6s.rg.,’97.
100
do
2d m. 6s, reg., 1907 72
2,484,000 Camden City 6s, coupon
74
do 6s, boat*car,rg.,1913
do
240,300
7s, reg.& coup
do 7s, boat*car.rg.,i9i5
3,900
Delaware 6s, coupon...,
75
345.200
Susquehanna 6s, coup., ;9.8 .*
Harrisburg City 6s, coupon..
450,000
BALTIMORE.
RAILROAD STOCKS.X
450,000
4.700
Camden & Atlantic
40
Maryland 6s, defense, J.& J... 103 109%
do
44
do
do
6s, exempt, 1887.... 114
pref
116
47
782,000
do
9
6?, 1890, quarterly.. 109 110
Catawlssa..
10
do
43
5s,
do
quarterly
4t
pref
100
357,100
105
do
new pref
41% 41% Baltimore 6s, 1S8I, quart....x 107
no
1,101.800
do
6s, ;8S6, J.& J...
111
109
525,700 Delaware A Bound Brook...
do
6s, 1890, quarterly, .x 113% 11434
808,400 East Pennsylvania
do
45
6s, park, 1890, Q.—M. 112
Elmira & Williamsport
do
21
6s, 1893, M. AS
do
pref..
do
115
do
6s,exempt,’9S.M.&S, 117
Har.
P.
Mt.
Joy
&
Lancaster.
120
147,000
do
6s, 1900, Q -J
115
Huntingdon* Broad Top... *2
do
6
68,1902, J.&J
do
do pref.
117
1,019,800
do
5s, I9i6, new
42% 43
1,483,000
Lehigh Valley
110% 111
Norfolk water, 8s
48
Little Schuylkill
no
269,000
BAILBOAD STOCKS.
Par.
Jilnehlll
595,000
55%
Balt.* Ohio
100
104,200 Nesquehonlng Valley
129% 131
do
1st prtf
110
Norristown
799,600
do
2d
prtf
102% 105
268,900 North Pennsylvania
45%
do
Wash.
Branch. 100 140
42% 42%
224,700
Pennsylvania
do
93
Parkersb’g Br..50
180,000 Philadelphia* Erie
10%
5%
50 18%
19
Pnlladelphia & Reading
18% Northern Central
60.800,200 257,386,800 19,753.800 40,088,900 226,635,600 21,372,300
The deviations from returns of previous week
141
105
102
Nashua * Lowell
New York & New England...
Northern of New Hampshire
120
Norwich & Worcester
...
New York
Manhattan Co...
Merchants
Mechanics’
Union.America
Phoenix
Etc.-Continued,
Bid. Ask.
SECURITIES.
Manchester & Lawrence...,
Net dep’t8
Circula¬
Legal
other
Tenders. than Ui
tion.
S
Specie.
discounts.
PHILADELPHIA,
BimOV,
:
Average amount of
Banks.
275
276
THE CHRONICLE.
QUOTATIONS
U1 8. Bonds and active Railroad
Stocks
are
OF
quoted
STOCKS AND
on a
•previous
Bid.
Alabama—5s, 1883
Ask.
SECURITIES.
45
45
45
5s, 1886
8s, 1886
8s 1888
& Eufaula M.
8s, Ala. AChatt. BK
Louisiana—6s
8s Of 1892
as of 1893
8lass
B, 25sto 5
lass C,
Arkansas—6s,
funded
7s, L. Rock & Ft. Scott iss.
7s, Memp. & L. Rock RR
7s, L. R P. B. & N. O. RR.
7s, Miss. O. &R. '* RR...
78, Arkansas Central RR.
44
70
52
5
46
1
1
1
1
1
3
6
3
3
3
.'Missouri—6s,
101'
6s, due 1889
.
I
-
.
i*9
108
.
7s, new
7s, endorsed
7s, gold
6s, due 1886
6s, due 1887
6s, due 1888
112
111
no'
Illinois—6s.coupon,
1879...
Asylum
or
Chesapeake
do
do
’83
106
107
104
106
m..
874
m
1424
STOCKS
do
do
AND
3d
do
do
t
1889, A.&O...
7s of 1888
.
Tennessee—6s,
6s,
6s,
.
8%
8%
14%
1H
274
3074 3174
old
2874
2774 2874
series
old
28
28
28
6s, new, 1866
new, 1867
consol, bonds
6s,
6s,
6s,
6s,
6s,
14%
3
3
new
new
Virgina—6s,
3
I). of
8074
5874 58^
ex matured coupon....
consol., 2d series
deferred
Columbia—3"65s,
Small
40
7
1924.
8524
BONOS.
105%; 106
120
Montclair & G.L.—1st, 7s, n.
7s, gold.
30
New Jersey
N. Y. & Osw.South’n—1st, 7s
Midl’d—1st m.
Receiver’s certif’s, labor.
5
40
17
56
other.
58
N. J.
Midland—1st,
2d mort
128
122
in..
113
4th mort...
do
Col. Chic. & I.
C., 1st con..
do
2d con...
do Tr’t Co.ctfs.lst con
do
do
2d con
Rome Wat. & Og.—Con. 1st.
St. L.& Iron Mount’n—1st
m
45
48
40%
9
45
18
66
77% Peoria Pekin & J.—1st m... *30
50
28% St.L.& San F.—2d m.,class A
Chicago & Alton, pref
99%'
lid" 11 i ‘' Del.& Hud.Canal—1st
83
75
86
76
m.,’84
Clev. & Pittsburg, guar—
2d mortgage, class B
1st mortgage, 1891
'.
56
100>4
57
25
28%
do
102%
Dubuque & Sioux City
class C
do
54
56
extended
64% 66
103
Harlem
St.L.& 8.E.—Cons., 7s, g.,’94
do
60
70
Coup.,
7s,’94
112% 11224 St.L.Vandalia&
Ind. Cin. & Laf
104%
2d
10424
m
do
T.H.—1st
*107
mortgage
Reg. 7s, ’94 4103
109%
96% 97
2d mortgage, guar
Keokuk & Des Moines.
1st Pa. div.,
Arkansas
88
Br., 1st mort...
90
95
coup., 7s, 1917 104
do
106"
Scioto Val. 1st 7 p.c. s.f. bds
do
Cairo & Fulton, 1st mort.
pref.
do
103
reg., 7s. 1917
102
106
99% South Side (L. 1.)—1st mort +101
Manhattan
Cairo Ark. & T., 1st mort.
95
4524
Albany
&
4674
100
Susqueh., 1st m. 111% 113
93% 94
Marietta & Cin., 1st pref...
South Minn.—1st m.,
St.L. K.C & N—R.E.&
do
7s, ’88. 100
2d mort..
R.,7s 102
102%
do
1st mortgage, 7s
107%
do
2d pref...
Omaha Div., 1st mort.. 7s
(pink).... 100
do
3d
104
mort..
106
100
Mobile & Ohio
Extension
8" 12"
90
do
95
1st con., guar 103
St.Chas.B’dge.lst, 7s, 1908 102% 103% Tol. Can. S.&
Nashville Chat. & St. Louis.
North
Det.—1st.
60
Rens.&
7s,
70
Missouri, 1st m., 7s
Saratoga, 1st,coup 4118 122% St.
113
New Jersey Southern
Union & Logansport—7s.. g
L. Alton & T. H—1st m. 111% 115
94
do
97
1st, reg. 4118
N. Y. Elevated..
110%
125
Union Pac., So. Br.—6s,
2d mortgage,
126
126
Denv.& R. Grande—1st,1900
87
gld
90
8?
90
V. Y. New Haven & Hartf.
pref
9424
do
15(5
Erie—1st mort., extended.
15524
Income
55
52%
Southern
Ohio & Mississippi pref
122%
Securities.
3d mortgage,
Belleville & So. Ill., 1st m.
7s, 1883
104’
Pitts. Ft. W. & Chic., guar,
Tol. Peo. & W.—1st
4th mortgage,
(Brokers' Quotations.)
m., E.D.1 4108"
7s, 1880
104
105
do
do
1st mortgage, W. D
spec’l.
5th mortgage, 7s. 1888
4108
4109
Rensselaer & Saratoga
STATES.
110%
7s, cons., gold bonds, 1920.
Burlington Div
N. Carolina.—New 4s
St. Louis Alton & T. H
2d mortgage. 1886
6 I
ex
62
57
450
coup.,Sept.,’79
&
111
do
prev
do
111%
So.Carolina—Con., 6s (good) 87
16
pref.
Consol., 7s, 1910
Long Dock bonds
92
Terre Haute & Indianapolis
19
Rejected (best sort)..
116%
Pur. Com. rec’pts,
Buff. N. Y.& E, 1st
1st,E.D 108%
m., 1916
lie"
United N. J. RR. & Canal
Texas—6s, 1892
M.& S.
do
145%|14h'
105
1st, W. D. 108
73
N.Y.L.E.&W.,n.2d,con.,6s
7s, gold, 1892-1910 J.& J +103
do
do 1st, con., f,
+111
Bur. Div.
cp.,7s
7s,
1904
gold,
1st pref. inc. for 2d
J.& J +112
do
Miscellaneous St’ks.
so"
mort.
2d,con.,f.cp.,5s,6s 472 % r224
10s, pension, 1894... J.& J.
1st inc, for consol
Han. & St. Jos.—8s, conv...
101
+99
30
Virginia—New 10-40s...
103241104
cpr<
10224
10374
Hous.&Tex.
Tol.&Wab.—lstext.7s,ex
49% 50
C.—1st,
m.
106
American Express
cp.
100%
E:
l.,7s
107%
1st St. L. div.7s,ex
CITIES.
1st mort., West.
4774!
48
96
United States Express
Div., 7s.. 103% 104%
mat.cp.
97% Atlanta, Ga.—7s
2d mortgage ext., ex
42761
1st mort., Waco &
100
103
N., 7s..
coup
»2% 93%
Wells, Fargo & Co
8s
...1100
2d C., Main line, 8s
Equipment
41
105
bonds, 7s, 1883
no
Quicksilver
106%
*Water works
2d Waco & N., 8s
Consol, conv. ex coupon.
1676
1624
86
98
102
87
do
pref
Gt. Western, 1st
Augusta, Ga.—7s, bonds— 104 no
Inc. and ind’y, 7s
4224 4324
m., ex cp
Atlantic & Pacific Tel
95*'
105%
Ill. Cent.—Dub.&Sioux
do 2d
Charleston, S. C.—Stock, 6s
57
C.lst
m.,7s,’93,ex
93"
60
American District Tel
cp
7s, F. L
O. & Tol., 1st, 7s,
Dub. & Sioux C., 2d div...
’90,ex cp.
95
75
Gold & Stock Telegraph....
80
I11.& So. Ia., 1st
Columbus,
Cedar
F.
Ga.—7s,
bonds..
&
60
m.7s,ex cp
95
75
Canton Co., Baltimore
Minn., 1st m..
98%
40
West. Un.
43
Lake Shore—
Macon—Bonds, 7s
Tel.—1900, coup. 113% 114
60
75
American Coal
Mich S. & N. Ind., s.
1900,
Memphis—Bonds,
C
registered
113
10
20
Consolidation Coal of Md..
f., 7s.
Bonds, A and B
Cleve. & Tol., sink. fund.. 110% 111
Spring. V^yW.Works, 1st 6s.
10
95,
20
4.... Ill
Pennsylvania Coal
Endorsed M. & C. RR
do
income bonds.
new bonds.
10
25
Mariposa L’d & Mining Co..
Central of,N. J., 1908
Compromise
276
Cleve.
376
P’ville
&
15
do
30
Ash., old.
473% 78
do
3
pref.
Leh. & Wilkes B.
Mobile—58, coupons on.
do
53
10
Coal, 1888
57
15
Ontario Silver Mining
new 4113%
8s, coupons on
Buffalo
&
St.L.I.M.&S.,lst
Erie,
new
69
14
bds...
7s.pref.int.
20
70
Homestake Mining
4i" 4 ik
6s, fuhded
do 2d int.,08. accum’e
Buffalo & State Line, 7s..
55
20
Standard Cons. Gold
55
25
Mining
Chic. St.L.A N. 0.,2d m.,1907
Montgomery—New 5s
Kal’zoo & W. Pigeon, 1st.
40
Pullman Palace Car
50
443% 52%
New 3s......
92" 96
20
Det.Mon.&T., 1st, 7s,’1906
40
116
Miscellaneous List.
Lake Shore Div. bonds...
Nashville—6s, old
80
90
6s, new
do
cons, coup., 1st
Railroad Bonds.
(Brokers'
80
00
118% 119%
New Orleans—Prem., 5s....
Quotations.)
do
cons, reg., 1st.,
23
25
11824 H9%
Stock Exchange Prices.
CITIES.
do
Consolidated, 0s
cons, coup., 2d.
30
32
113)4!
Railroad, 6s
Bost. H. & Erie—1st m...
Albany, N. Y.—6s, long
do
cons. reg.. 2d
24
100
26
433
35
114
113%
Norfolk—6s
1st mort., guar
Louisv.& Nash.—Cons. m. ,7s 113 >114
Buffalo—Water, long
100
113
105
115
2d mort., 7s, gold
Petersburg—6s
Chicago—6s, long dates
Bur.Ced.R.& North.—1 st,5s
100
+108
103
109
IO224I
8s
8976! 892®
7s, sewerage
:
Cecilian Branch, 7s
Minn.& St. L., 1st, 7s, guar no
112
+113
100
114
115
ns
>102%
7s, water.:
Richmond—6s
Nashv. & Decatur, 1st, 7s.
Chesap.& O.—Pur. m’y fund 101 103
105
+114
106
115
105%
7s, river improvement... +113
Marietta & Cin.—1st mort.. 103%
Savannnah—Cons.,
6s, gold, series B, int. def.
new, 5s.
09
94
114
72
4426 44%
j 95
1st mort., sterling
RAILROADS.
Cleveland—7s,
6s, currency, int. deferred
long
90
+112
115
j 94
2126' 2276 Metropolit’n
Ala.&Chat.—Rec’rs
Chicago & Alton—1st mort. 11574:11676
+113
ctfs.var
Elev—1st,1908 102%:
115
50
100
Elizabeth City—Short..
Mich. Cent.—Cons.,
Atlantic & Gulf—Consol
Income
41
45
7s, 1902
102
105
105761
....119% I Long
1st mort., 8s,
Consol.,
end. by Savan’h..
Sinking fund
s.
f
40
1882,
44
30
40
109%'111
10676
110%!
.
.
*
.
....
1
—
...
....
|
....
....
..
..
}}i
r
*
*
*
*
•
.
.
.
-
....
•
«
•
•
*
....
...
..
..
..
..
•
..
....
Joliet & Chicago, 1st
Louis’a & Mo., 1st m.,
do
....
m...
104
guar
2d 7s, 1900
8t. L. Jack. & Chic., 1st
m.
Miss.Riv.Bridge,lst,s.f,6s
Chic.
Bur. & Q.—8 p.c., 1st m
Consol, mort., 7s
5s, sinking fund
Chic. Rk. I.& P.—6s,
cp.,1917
6s, 1917, registered
Keok.& Des M., 1st, g., 5s.
Central of N. J.—1st m., ’90.
1st consolidated
,
do
assented.
Convertible
do
assented
1903
Lehigh & W. B.,
do
Am. Dock &
do
4110'
10576
109)6 H276
con., g’d..
assent’d
Impr, bonds,
assented
100
80
9074
489
123
1st mortgage
Coupon gold
bonds
Registered gold bonds.
Midland, 1st m., 8s.:
103
11276
111
no’
ids'
109
10676:
4103'
113
‘
119
109'
114
114
Galena & Chicago, exten.
410476
Peninsula, 1st
Chic. &
1st
m.
Winona & St. P., 1st m
do
2dm....
C. C. C. & Ind’s—1st,
7s, s. f.
Consol, mortgage
120
10876
...
C. St. L. & N. O. Ten.
lien 7s
do
do
1st con. 7s
*
10674 108
115
104
94'
Prices nominal.
7s, 1906
Miss.—Consol,
Consolidated
s.
f’d
2d consolidated
1st m.,
Central Pacific—Gold bds.
San Joaquin Branch...
Cal. &
Hartford—6s,
various...
Indianapolis—730s
74% 1 75
Long Island City
30
30% Newark City—7s,
long
....1109
Water, 7s, long
105%;
Oswego—7s
109
102
..
104%!
104%!
Poughkeepsie—Water..
Rochester—Water, 1903
..
Toledo—88, water, 1894.
122%! 124%
730s.
12224>124% Yonkers—Water, 1903
110% 111
RAILROADS.
86%! 86% Atchison
& P. Peak—6s,
126
gld
Bost. & N. Y. Air-L—1st
m.
4....'125%
.
....
111
109
....
1110
109%;
....
99% 100
435
I
101
'109%
>10124
....
2d
mortgage, inc., 7s
Chic. St. P.& M.—6s,
g.,
Land grant, 6s,
gold..
Chic.&
....
100
111
Southwest.—78,
114
106
120
106
80
50
87
47
103
92
108
75
96
115
115
107
85
..?|
.
110
83
98
„
R.&Ind.—lst,7s,l.g.gu
120
10476
9626
.
38
13
6
Indianapoiis & St.L.—isit, 7s
Indianap.& Vine.—1st,7s,
98
International (Tex.)—1st, gr
7s
Int. H. & Gt.
No.—Conv., 8s
-.ck.L.& S.—8s,
Long Island—1st1st,“white”.
mortgage.1
No price
to-day; these are latest
_
76
4
73
101
91
25
+110
105
42
16
10
78
103
111
106%
quotations
72
97
75
95
100
40
50
112
102
mort., 8s
ex
cert., 6s...
mortgage, 8s...
New 1st mortgage
New debentures
N. O. & Jacks.—1st
m., 8s...
Certificate, 2d mort., 8s..
Nashville Chat.& St. L.—7s.
1st, 6s, Tenn. & Pac. Br..
1st, 6s, McM.M.W.&Al.Br
Norfolk & Petersb.—1st, 8s
1st mortgage, 7s
2d mortgage,8s ..,
Northeast., 8. C.—1st m.
2d mortgage, 8s
Orange & Alex’a—lsts, 0s..
2ds, 0s
3ds, 8s
101
100
110
85
70
70
....
....
Carolina consol
Virginia coupons
do
consol, coupons...
m&de this week.
95
108
102
112
100
96
no
106
106
100
95%
95
PAST-DUE COUPONS.
102%
94%
I#il
S. Carolina RR.—1st
m., 7s.
Tennesssee State coupons.
South
41
112
107
104
67
29
95
103
/.
02
85
85
70
25
01
60
15
89
40
110
105
96%
67%
81
98
80
100
40
50
109
109
10
40
20
80
„
-
55
100
100
75
104
104
115
95
95
70
4ths, 8s
Rich.& Dan.—1st consol., 6s
Southw. Ga.—Conv., 7s,
’86.
Stock
7s, 1902, non-enjoined
West Ala.—1st
mort., 8s....
2d mort., 8s, guar
*
90
-ft-
50
2d, 7s
Miss. & Tenn.—1st
mM 8s, A
1st mortgage, 8s, B
Mobile &
Ohio—Sterling, 8s
100%
108
99
70
Memphi8& Cha’ston—1st,7s
88, interest
ldS9i'l09%
St oc*k
0s...
Stock
2d
T
67
94
70
90
95
100
.
Greenville & Col.—7s, 1st m.
7s, guar
Macon & Aug.—2d, endors.
Sterling,
...
Incomes
Stock
57% Mississippi Cent —1st
m.,7s
2d
89
52
f
2d mortgage
IE.Tenn.& Va.—6s,end.Tenn
E. Tenn. Va. &
Ga.—1st, 7s.
Georgia RR.—7s
....
"1U.«
Oregon, 1st
Opr.—J.HI,
|
99%:101
State Aid bonds
lstm.,g’dL.S.&M. 8., 7s 105
....
Land grant bonds
+100
103%
104
110
Western Pacific bonds.
1st, 7s, 10 years
+100
South. Pac. of Cal.—1st m. 104241106
2d, 7s, 20 years
+100
102
Union Pacific—1st mort..
Dan. Urb. BI.&
P.—1st,
63% 66
Land grants, 7s
Denver Pac.—lst,7s,ld. 7s, g
gr.,c
80
90
113% 113% Erie &
Sinking fund
Pittsburg—1st m.,7s 109 104
ill
'
Con. mortgage, 7s
Registered, 8s
*110
102
104
Pacific RR. of Mo.—1st m.
••••1
7s, equipment
85
102% 103% jEvansv.
90
2d mortgage
& Crawfordsv.—7s.
10o% 10 <
105
Income, 7s
j | Evansv. T.H. & Chic.-7s, g. 102
55
65
1st ra., Carondelet
Br...
95
102
South Pac. of
Galv. Hous.&
Mo.—1st in.
H.—7s,
gld,’71
86
96%
90
97% Gr’nd
Kansas Pac.--1st
m.,6s,’95
1st m.,6s,’95,with
1st, 7s, Id. gr., not guar... 105
cp.ctfs
4.'”.' 120'
92
95
1st m., 6s, ’96
1st, ex land grant, 7s
70
77
do
Hous.&
with coup, ctfs
Gt.N.—:lst,7s,g..ctfs
93
1st m., 7s, Leav.
Indianan. Bl. & W.—1st m..
br., 96..
52
55
do
Indiana Bl, & W.—1st m..
with coup, ctfs
87
59
90"
61
1st m.,
7s,R.&L.G.D’d,99
do
with
1st m., 7s, landcoup, ctfs
gr’t, ’80..
do
with coup, ctfs 4120
2d mort., ’86
do
with coup, ctfs
95"
Inc. coup. No. 11
on 1916
71%
Inc. coup. No. 16 on
1916
7124
t And accrued
interest.
{East Tenn. & Georgia—6s..
102%
+112
+113
+111
+105
+111
106% 108%
'Charl’te Col.& A.—Cons., 7s
I 2d
mortgage, 7s
+114% 118
..
..
'Cent. Georgia—Cons,
m., 7s
i
Stock
109
f-106
+ 95
+109
U4%j
m.,conv...
Milwaukee,
1883
Springfield div
8076 Pacific Railroads—
10624
..
Iowa
Central—6s,
Ohio &
124
4..
Con. sinking fund
2d mortgage
1st m.. 7s, I. & D. Ext
Chic. & Northw.—Sink, f’d..
Interest bonds..
Consol, bonds
Extension bonds
bonds
Elevated—1st,
99'
10224
unic.Mil.& St.P.—lst,8s,P.D
2d mort., 7
3-10, P. D
1st m., 7s, $ gold, R.
D....
1st m., La C. Div
illO
1st
m., I. & M
1st m., I. & D
1st m., H. & D
1st m., C. & M
Equipment
M0.K.& T.—Cons. ass..1904-6
2d mortgage,
ine., 1911
H. & Cent. Mo..
1st., 1890.
N. Y.
6s, 1887...
6s, real estate
120
6s, subscription
N. Y. C. & Hud., 1st
*113
m., ep.
do
1st m., reg.
Huds. R., 7s, 2d m.,
95' 9524
s.f.,’85
Canada South., 1st, int.
115
g.
Harlem, 1st m., 7s, coup..
do
1st m., 7s, reg
9824 9974 N. Y.
....
i
Adjustment,
105
100
,
85%
Registered
125
Cleye.& Pitts., consol., s.f.
90
487
109
97
101
-
Non-fundable
103
111
„
125
....
class 2
class 3
Pitts. Ft. W.& Chic., 1st m.
do
do
2d m..
110%
t
2%
2%
2%
Pennsylvania
...
-
-
....
88
l)en. Div. 6s ass. cp.ctf.
RR—
...
110)6:111
109%'
2d mort...
Ess’x,b’nds, 1900
do
construct’n
do
7s of 1871.
do
1st con., g’d..
874
14
1
-
t
107%
1
Ask.
55
15
15
15
40
40
15
Jan. & July.
April & Oct
Funding act, 1866
Land Com., 1889, J. &
J...
112
7%
7%
13%
13%
Bid.
Rhode
Island—6s,coup.’93-9
South Carolina—6s
23%
23%
22%
6s, 1886
IKlsCELLAIVEOUS
Mortgage 7s, 1907
Syr. Bii gh. & N. Y., 1st, 7s
Morris
Essex, 1st
Ohio—6s, 1831
10414 104->4
10414
1887..
AND
do
do
r
“t
106
80
Chatham RR...
Special tax, class 1
104%
,,,,
121
22
Carolina—6s, old.J&J
1868
New bonds, J. & J
do
A.&O
101%
103J4
’92.
Morris &
1st pref.
2d pref.
1892
1893
do
104 %
West.—2d
7s, convertible
& Ohio
do
do
37
’90
Uel. Lack. &
&
do
do
do
Securities.
•
10724
6s, old, A.& O
No. Car. RR., J. & J
do
A.&O
do
coup. off. J. &J.
do
coup, off, A.& O.
37% 3814
or
Ask.
106
117
120
Funding act, i860
do
HAIMtOAD
88
44
6s,
North
15
Univ., due
do
Railroad Stocks.
6s,
10414 10424
or
Bid.
6s, loan, 1883
6s, do 1891
18
18
Funding, 1894-95
Hannibal & St. Jo., 1886..
100
(Active previously quoted.)
Albany & Susquehanna
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & No...
SECURITIES.
7s, 1890
due 1882
YORK.
York—6s, gold, reg.,’87 10724
6s, gold, coup., 1887
Michigan—6s, 1883
107
NEW
New
18
18
18
18
18
new
6s, new floating debt
7s, penitentiary
6s, levee
8s, do
8s, do of 1875
8s, of 1910
7s, consolidated
7s, small
10*
Class A, 2 to 5
Connecticut—6s
Georgia—6s
6s,
Ask.
100
100
Kentucky—6s
45
8s! Montg.
Bid.
Illinois—War loan
IN
Prices represent the per cent
value, whatever the par may be.
BONDS.
page.
STATE
SECURITIES.
BONDS
| Vol. XXIX,
113.
113
25
.
|tt
• • t
82
-
September 13, 1879. J
THE
CHRONICLE
%vmzstmmts
277
cient, and denied the motion. Mr. Chetwood said
that the
paper was not a bond, but a certificate of
and
indebtedness,
that the Common Council
only had authority to borrow money
in anticipation of taxes.
Judge Depue ruled that there is a
AMD
STATE* CITY AND CORF ORATION FINANCES.
difference between
an
individual and
corporation in a matter
The Investors* Supplement is published
of this kind, and that a
on the last Saturday
corporation has a right to plead u'.tra,
of each month, and furnished to all
regular subscribers of the vires. Ex-Senator Frelinghuysen argued that an abuse of
Chronicle.
No single copies of the Supplement are sold at
the power by an agent in issuing a bond or certificate did not inval¬
idate the security, and that the Common
office, as only a sufficient number is printed to
Council had power
supply regular to issue
subscribers. One number of the Supplement,
such a bond. Judge Depue decided to hear
however, is bound
the evi¬
up with The Financial Review (Annual), and can be
dence, and Controller Leggett, of Elizabeth, was called.
purchased
He
in that shape.
testified that the bond was issued to borrow
money to meet
maturing improvement bonds, and not in anticipation of taxes.
GENERAL INVESTMENT
.
NEWS.
Chicago & Northwestern.—This company has taken an
important step, in executing an indenture under which
$15,000,000 of new bonds are to be issued for
new road
at the rate of $15,000 per mile for the roadsacquiring
so obtained.
The
following quotation from the document itself will give an
explanation of its purposes :
“
a
Other city officers gave similar
evidence, and the defendants
rested.
“The jury, acting under instructions from the
judgment for the plaintiff in the sum of $53,826,Court, gave
subject to
revision by the Supreme Court. The
suits
following
were
d jcided upon the same evidence and in
the same manner, sub¬
ject to the same revision: George 11. McKenzie, $5
*,826; Edward
Clark, $322,956. The last case tried was that of the
Manufacturing Company, which resulted in a verdict of Singer
$322,956 against the city, the evidence
being"
slightly
different,
in
that one of the certificates for
$200,000 set forth that it was
given for a loan in anticipation of taxes, which the other secur¬
ities did not. The witnesses for the defense
testified that this
This Indenture, made this first
day of October, A. D. 1870, by and
between the
Chicago & Northwestern
of the States of Illinois, Wisconsin and Railway Company, a corporation
Michigan, party of the first part,
and the Farmers’ Loan & Trust
Company, a corporation of the State of
New York, party of the second
part, witnessetli:
“
The said party of the first part owns and
operates certain lines of
railroad in the States first above
named, and in connection threwith con¬ was a mistake in the
of the bond.” ’
trols and operates various lines of railroad in the
State of Minnesota and
—The citizens of Elizabeth met in the Board of
Trade rooms
Territory of Dakota, among which is the railroad known as the Winona to
take further action^
& St. Peter Railroad, and also owns and
concerning the $6,000,000 debt of that
a line of railroad in
operates
the State of Iowa known as the Iowa Midland
city^. The committee, to whom, the matter wras
“
Railway.
For the
referred,
purpose of securing an increased business for all its lines reported that the city’s
only course was to resist to the utmost
and promoting their interests in other
ways, the said party of the first
the suits
part has entered into articles of agreement
A committee was
duly executed with the
appointed to solicit subscriptions in each of the wards to a fund
Chicago & Dakota Railway Compauy, a corporation of the State of Min¬
nesota ; the Dakota Central
Railway Company, a corporation of the for the detense of the suits. The payment of
$2,000,000 of the
Territory of Dakota; and with the Iowa Midland Railway
Company, a debt will be resisted on the ground that the Consolidated
corporation of the State of Iowa, by which said first
party has agreed
to assume and pay the whole cost of
the construction and equipment of Improvement act, under authority of which the
money was
the ime of said Chicago & Dakota
paid, is unconstitutional. If the act be declared
Railway
with the fine of said Winona & St. Peter Company, from a connection
constitutional,
the
Railroad Company at Tracy,
payment of all but $700,000 will then be resisted on the
westerly to the western boundary line of said State of
Minnesota, a dis¬ ground that the issue of bonds
tance of about 46 miles; also of the line of said
beyond that amount was unau¬
Dakota Central Railway
thorized. The suits for money
Company from a connection with said last-named line, at said
lent, brought by the Singer
State
line westerly to the James River
Valley
in Dakota, a distance
Machine
Company,
will
be
defended on the ground that
of about
88
miles (which company is authorized and
the city officials had no
purposes
to
extend its railroad in
right to contract the loans.
said Territory to the Missouri
River,
and thence to
the western boundary of
said,
drawing
brought by the bondholders.
v
Sewing
Territory,
one
with
or
more branches,
as
specified in its articles of associa¬
tion, filed in the office of the Secretary of said
Territory); also of an
extension of the line of said Iowa Midland
Railway in Iowa, from the
present western terminus thereof, in a westerly
direction, a distance of
about 26 miles.”
******
“
The said party of the first
part, for the purpose of carrying into
execution its agreements with the several
railway companies hereinbe¬
fore named, and for the purpose of
constructing, or in other manner
acquiring such other railroad lines, not herein described or
enumerated,
but which may hereafter be
constructed or otherwise acquired, to be
operated in connection with and as a part of its
general railroad system,
as will Increase its
earnings and promote its business interest, has deter¬
mined to issue bonds, to be known as the
Chicago & Northwestern Rail¬
way Company Sinking Fund Bonds of 1879,
to a sum not exceeding fifteen millions of amounting in the aggregate
dollars, all of which are to
run fifty years from the
first day of October, A. D. 1879, and to bear
interest not exceeding six per centum
per annum, and to be issued in
amouuts not exceeding fifteen thousand dollars
per mile of railroad for
each and every mile or additional
railroad, as the same shall be actually
constructed or acquired; two million four hundred
thousand dollars of
which are to be issued for the
purpose of enabliug it to execute its sev¬
eral contracts above referred to
with the several railway companies
hereinbefore mentioned, being at the rate of
$15,000 per mile of the
railroads to be so added to its
geueral system; and the residue of said
fifteen millions of dollars of bonds
may be issued frotn time to time, as
said first party shall derermine.
ouly for railroads to be built, or in other
manner acquired for the sole use
and benefit of said first party, and not
to exceed in amount fifteen thousand
dollars per mile of road so built or
acquired and ready for operation; the payment of
principal and interest
of all said bonds to be secured
by an
bonds duly issued for such additional equal amount of first mortgage
railroad and equipment by the
several railroad and
railway companies whose lines are so built or
acquired, all of which first mortgage bonds shall be
deposited with the
said party of the second
part, and made subject t» the lien created
by
these presents as
security
for
the payment of principal and interest
of all the
sinking fund bonds to be issued by said first party under the
provisions hereof and of such further
made by said first party to said secondconveyances as may hereafter be
party, for that purpose.”
Chicago Pekin & Southwestern.—At Joliet, Ill., Sept. 9, F.
Hinckley, Receiver of the Chicago Pekin & Southwestern
Railroad was removed, and Samuel B.
Reed, of that
appointed Receiver in his place, under bonds of $50,000.city, was
E.
Indiana Bloomington & Western.—A
press dispatch from
10 says: “ The annual elec¬
tion of directors
by the stockholders of the Indiana Bloom¬
Indianapolis, Ind., September
ington & Western Railway Company was held in this
city
to-day. The following directors were elected: Austin
Corbin,
E. W. Bond, Gilbert
Oakley, J. L. DevoD, A. Sully, Giles E.
Taintor, John P. Adriance and C. R. Williams, of New
York;
James N. Campbell, of
Davenport, la.; R. E. Williams, of
Bloomington, Ill.; George W. Gill, of Worcester, Mass.; John
L. Farwell and R. K. Dow, of
Claremont, N. H. The board
organized by electing Austin Corbin President, Giles E. Taintor
Vice-President and A. Sully Secretary. The Executive
Com¬
mittee is Messrs. Corbin, Farwell,
Taintor, C. P. Williams and
A. Sully. The total number of shares
voted was 87,167. Of
this number the Corbin interest voted
over 75,000, while the
opposition, or Blossom interest, voted about 11,000. The
operat¬
ing department of the road will remain as at present constituted
under General
Manager Henning.”
Indianapolis Cincinnati & Lafayette—M. E. Ingalls, Re¬
ceiver, reports the following receipts and disbursements
for the
month of July:
RECEIPTS.
Balance on liand, June 30.
Received from loans
From mails
From express
From rents
From interest
*
From ag’ts and conduct’rs
From the sale of old rails..
From wages unpaid
From other RR. companies
From mise’laneous sources
Total
$17,605
45,100
2,109
1,310
572
25
99,040
1,500
169
21,349
110
DISBURSEMENTS.
Paid loans
Interest
Bond interest
$10,000
208
70,873
Rents
759
Supply bills
14,525
Insurance
191
203
Legal expenses
Wages and salaries
Other railroad companies.
41,702
17,529
Balance to August account
29,819
Miscellaneous
$188,892
Total
3,570
$188,892
Logansport Crawfordsy'dle & Southwestern.—A
dispatch from Indianapolis, Ind., Sept. 10, is as follows :
press
“The
Dakota Southern.—An agreement has been concluded
for the Logansport Crawfordsville &
Southwestern Railroad was
consolidation of this company with the Sioux
City & Pembina, sold to-day by W. P. Fishback, Master in Chancery, at Craw¬
which it now leases and works. The consolidated
road will be fordsville, for $315,000, to John G. Williams, for the Vandalia
known as the Sioux City &
Dakota, and will own a line from Railroad Company.”
Sioux City, la., to Yankton, Dak., 61
miles, and a line from
Louisiana state Debt.—The
Davis Junction to Beloit, 52 miles.
following statement, showing
the consolidated bonded debt of the State of
Louisiana, the
Elizabeth City Finances—The Times
report of the litigation proceeds from the 5/^-mill tax assessed to pay the interest on
in the suits
against the city, is as follows: “The first of the the debt, etc., was posted at the New Orleans Stock Exchange
debt suits
against
the City of Elizabeth, N. J., was tried in the on August 30. The data were furnished by the State Treasurer
Essex Circuit Court, before
and State Auditor:
Judge Depue, at Newark,
day, being that of William H. Proctor for $50,000, Theyester¬
-
of counsel in the
case
was
very strong. For the
appeared ex-Senator John W. Taylor, ex-Senator
sen, ex-Judge Teese, ex-Vice-Chancellor
Bedle, while the
Williamson, R.
Smith.
Mr..
arrajr
complainants
Frelinghuy-
Dodd, and ex-Gov.
defendants were represented by ex-Chaneellor
E. Chetwood, ex-Senator Magie, and G. P.
Taylor opened the case by stating that the suit
was brought on a bond for
$50,000, dated Sept. 24, 1878, and
payable on demand, with interest at 7 per cent. The; bond was
offered in evidence, and the plaintiff rested.
Williamson moved a non-suit on the ground thatEx-Chancellor
the Common
Council had no right to borrow
money in that manner to meet
maturing bonds. The Court held that the cause was not suffi¬
CONSOLIDATED BONDED DEBT AUGUST
Funded to date
Outstanding $423,500, convertible
Total
I
into bonds at 60 cents..
i
Five-and-one-halfYear.
1874
1875
1876
1877
1878
1879
jmTotal
10, 1879.
'
1,114,320
1,075,239
960,308
974,928
973,500
$6,324,048
254,100
$12,031,200
Amount collected to
mill tax assessed
to pay interest August
$1,225,752
$11,777,100
Delinquent
10, 1879.
$873,862
774,429
688,098
738,414
702,556
300,107
$4,077,468
and
in process
of collection.
$351,890
339,890
387,141
221,883
272,371
673,392
$2,246,56 )
278
THE (CHRONICLE.
|Vol. XXIX.
Interest due and
stockholders of the Ohio &
Mississippi Railway Company,
any more than for the company itself, to
question the au¬
Amount of
thority under which the contract and
coupons paid
were executed.
mortgage
The only power that could do that would
Year.
be the State itself. ”
by Treasurer.
...4781
$735,400
Railroad Mortgage Lien on Lands.—In the
$34,601
$88,997
...5781
suit of Calhoun,
734,884
3,367
89,512 Trustee, against the Paducah &
...6781
660,187
Co.,
Memphis
34
Judge
164,209
Hammond,
in the United States Circuit Court for
...7781
719,421
26
the Western District of
104,975
...8781
626,519
63,720
197,877 Tennessee, passed on the construction of a railroad
...9781
161,700
mortgage
133,351
250,498 describing the premises as “ all the
railroad of said company,
as well as that
$3,638,113
part that is constructed and completed as the
$235,103
$896,070
part
thereof
which
should thereafter be constructed and
2,246,569
Cash in Treasury to credit of interest fund.
com¬
285,103 pleted,” and “ real estate, etc., thereunto
or
in
belonging
any¬
wise appertaining, whether then owned
Total
and possessed or
$2,481,672
Past due interest outstanding
thereafter to be acquired by it, * * * *
896,070
including all lands
acquired or designed for depots, warehouses or structures
Excess
at
$1,585,602 either terminus or along the line of said
whether
then
Missouri Kansas & Texas.—It is
railroad,
reported that the Dutch held and owned or thereafter to be acquired
bondholders have rejected the scheme for the
by the said rail¬
reorganization of road company.”
the company which was
proposed by the purchasing committee
Under this description the Court held that
lands subsequently
of three. A gentleman interested in the
company’s securities acquired, but not for use in connection with its railroad
is reported by the American
opera¬
Exchange as saying : “I do not tions (in this case the lands were taken in
think that the dissatisfaction of the Dutch
consideration of
bondholders arises locating a station, and were by the
from the reduction of the rate of
company laid out in village
interest, but they demand lots), would not pass; and that a
that a better guarantee for its
judgment creditor, having
payment be given than is pro¬ levied execution, was entitled to
priorty
to the mortgagees.
posed. The plan provided that in case of any default
by the The Court reviewed the principles on which railroad
new company
mortgages
everything should be restored to the position of are construed to affect after-acquired
lands, and held that, while
affairs which existed previous to the
lands
used for the purposes of the road
reorganization, the rate of
interest on the first mortgage bonds
may pass under a gen¬
again becoming 7 per cent. eral mortgage of the road itself, other lands
cannot, unless the
Objection is also made, I believe, to the extensions of road con¬ instrument
designates with reasonable certainty the particular
templated by the reconstruction scheme.”
property, so as to give notice of what was intended to be
Mobile City Bonds.—Holders of the bonds
of the city of incumbered.—Railroad Qazeite.
Mobile of every description are notified that there
St. Lon it Kansas City &
have been
Northern.—The St. Louis Missouri
appointed by the Governor of
unpaid,
ex¬
Cash to credit of cluding cou¬
interest fund
pons due
in State
Jan. 1, 1880,
Treasury.
remitted..
.
“Mir:"'1-
Alabama, Commissioners of Republican gives the following report of the
progress on the
Mobile, under the provisions of a recent act of the
Legislature extension of this road : “ The Omaha extension of the St. Louisof Alabama.
By said act they are directed “ to open communi¬ Kansas City & Northern
Railroad, as was learned from one of
cation with the holders of the funded debts of
the said Mayor, the head officials, is
being pushed forward toward completion
Aldermen and Common Council of the
city of Mobile in rela¬ with commendable energy and dispatch. Between
tion to the same; and with a view to
Pattonsburg,
the adjustment thereof in Gentry county, and
Marysville in Nodaway county—a dis¬
and its settlement; * * * and the
payment to the utmost tance of fifty miles apart—there is
extent practicable of the just debt of the said
only a gap of ten miles and
municipal cor¬ a half to fill up, which gap will be completed in about ten
In
poration.”
days,,
discharge of this duty they solicit correspon¬ when the road on the new extension will -be in
dence with the creditors of said
operation fiftycity, and have appointed two miles beyond Pattonsburg, about the
10th—say about a
Wednesday, the first day of October, 1879, at 12 o’clock M., at week from to-day. There is a
large
force employed in laying
No. 11 Pine street, in the city of New
York, as the time and the track from Maysville west, and from Council Bluffs
place, when and where they invite all parties
holding any of the length of about 92 miles. Of that distance there are East—a*
ponds of the city of Mobile to meet them
JTor a personal con¬ built about 35 miles altogether, leaving only a gap of 57already
ference. '
miles
to be closed up, so that the entire line
will be completed by the
New York Lake Erie & West.—The
Philadelphia Ledger, middle of October. This will be one of the best lines in the
September 4, says : “ The survey of the projected railroad
from State, as 140 miles out of the 144 miles of track on the exten¬
Pittston to Hawley,
sion cuts through an
through
Moo.sic
the
new
Mountains,
the
agricultural region, strung along with
coal outlet for the New York Lake Erie &
Western Railroad, continuous farms among the most
has been completed, and the work of
productive in the States of
grading has been begun. Missouri and Iowa. The road will run through several old
The road, which will be about
fifty miles in length, will be built towns well advanced in population, wealth and
standing, such
a party of English capitalists at an aggregate cost of a as Maysville, Malverne and
by
Shenandoah.”
million dollars, the estimated cost
per mile being about $20,000.
Tennessee Railroad
The object of its construction is to afford the
Cases.—By reference to the order of
Erie Company an Judge Strong, printed verbatim on another
page, it will be seen
independent outlet for its coal from the Wyoming
Valley,where that he has revoked the order made by him on August 20th
it has 2,000 acres of rich,
undeveloped coal lands south of appointing W. H. Delaney, Esq., a special
master to make cer¬
Scranton.
At present the Erie’s coal is
principally shipped tain inquiries and take proofs in these cases. Judge
from the valley over the Delaware &
Strong
Hudson
road to remarks that the order was premature and “ the cases are
not
Honesdale, but this portion of the Delaware &gravity
Hudson Canal ripe for the inquiries” directed to be made.
Campany’s highway is fully taxed with its own shipments. The
Western Union Telegraph.—The
report for the quarter
projected road will connect with the Lehigh
Railroad
at
Valley
ending
September 30, 1879, gives the following :
Pittston and the Erie
Railway at Hawley, thus affording fine
In the' report presented
by the Executive Committee at the
facilities for freight and
passenger traffic, as well as for coal last quarterly meeting
the
of
Board, held June 11, 1879, the
shipments from this section.”
net profits for the quarter
Ohio ik. Missiisippi.—In the suit to
ending
June 30 (May being partially
declare void the Spring- and June wholly estimated) were stated
at $1,103,002 98.
field Division bonds, Judge Drummond
The
official returns for the quarter
says in his opinion:
This is a bill filed
(ending
June
showed
the
30)
by the plaintiff, as a stockholder of the profits to be $1,133,792 54, or
$30,789 56 more than the esti¬
Ohio & Mississippi Railway
Company, on behalf of himself and mate. The following revised statement, based
such other stockholders as
upon complete
might join him in the bill (no one of returns, will show the condition
of the company at the close of
whom, however, has so done), asking the Court to declare a cer¬ the
quarter ended June 30, 1879 :
tain contract made by the
company, and by which it acquired a Surplus April 1, 1879, as per last quarterly report
$545,022
portion of its railway called “ The
Net profits, quarter ended June 30, 1879
Division,” and Amount
1,133,792
the bonds that were issued under Springfield
charged
into
the
current
expenses of the year ended
a
mortgage given by the
June 30, 1879. for materials and
supplies which were on
company upon that division, null and void.
hand and paid for, but which were not
included in the sur¬
“To the bill a demurrer has been
plus
put in by lome of the defend¬
89,201
ants, claiming under the contract and
tion in the case is, whether the bill is mortgage, and the ques¬ From which deducting—
$1,768,016
maintainable in equity,
Dividend of 134 per cent, paid
and whether the contract and
July 15, 1879
$717,496
Interest
on
bonded
debt
mortgage referred to were in¬
107,0^8
valid as being “ultra vires”
Sinking fund appropriations
20,000
Construction account.
The contract of purchase was made
39,844
by the Ohio & Missis¬
Purchase of sundry telegraph
stocks, patents, Ac. 111,117— $995,547
sippi Railway Company in January, 1875. From that time
up
to the date of filing the bill in
Leaves a surplus July 1,1979, of
this case, the Springfield Division
$772,469
was operated as an
net profits for the quarter
ending September 30, instant,
integral part of the Ohio & Mississippi Rail¬ The
based upon official returns for
July, nearly complete
way Company, and in fact was
returns for August, and
merged in the consolidated
estimating the business for Sep¬
company. This was an act public in its
tember (reserving amount sufficient to
meet the claims of
character, and must
the Atlantic & Pacific
presumed to have been known to all the stockholders of be
Telegraph Company, under exist¬
the
ing agreements), will be about
Ohio & Mississippi
$1,259,223
Railway Company, and, so far as we know, Add.
surplus July 1, as above
no objection was
772,469
interposed to their action until the filing
of From which
the bill in this case, on the twelfth of
appropriating—
September, 1878.
$2,031,692
“On the whole, my
Interest on bonded debt
opinion is:
$107,000
Construction, purchase of stocks of leased lines
“In the first p’ace—that the
and other properties.
railway company had the right to
150,000
acquire the Springfield Division and execute the
Sinking fund’ appropriations
20,000
277,000
mortgage and
issue the bonds referred
to, by virtue of the legislation of the
Leaves a balance of.
,
“
.
-
“
-
State of
Illinois, and—
“In the second place—that if the
right did not clearly exist by
virtue of the laws of Illinois, that after
the lapse of so
long
a time, and after so
many rights and equities have been ac¬
quired by different parties under the action of the
railway
company, it is not competent for the
plaintiff,
or
the other
A dividend of 1% per cent
requires
$1,754,692
717,509
Deducting which leaves balance, after paying divi¬
dend, of
.*
$1,037,192
In view of the
preceding statements, the committee recom¬
mended a dividend of 1%
pef cent, or at the rate of 7 per cent
per annum.
September 13,
THE CHRONICLE
1879.]
279
COTTON.
Friday, P. M., September 12, 1879.
The Movement op the Crop, as indicated
by our telegrams
from the South to-night, is given below. For the week
ending
this evening (Sept. 12), the total receipts have
reached 30,054
bales, against 13,920 bales last week, 4,875 bales the previous
week, and 4,843 bales three weeks since; making the total
receipts since the 1st of September, 1879, 43,974 bales, against
73,329 bales for the same period of 1878, showing a decrease
since September 1, 1879, of 29,355 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
%\xz Ccnunxerciixl jinxes.
COM MERC L AL EPITOME.
Friday Night,
September 12, 1879.
leading fact of a financial or com¬
mercial character, has been favorable to the progress of trade
in the past week, if we except a speculative action in breadThe weather, and every
stuffs which has somewhat embarrassed the export movement;
but shipments are still
large, and in nearly every particular
making satisfactory progress. Still, a cau¬
tious feeling pervades mercantile circles, and there is little dis¬
position to push speculation beyond current influences and easy
the autumn trade is
Receipts tliis w’k
1879.
at
New Orleans
Mobile
control.
1878.
3,786
1,435
4,892
Charleston
1877.
1876.
3,932
1,339
6,239
1,876
957
2,039
1875.
4,898
2,634
5,979
7,656
2,119
5,216
general tone of the provision market shows an improve¬ Port Royal, &c
29
36
ment over that of a week ago. The advices from the West 8avannah
8,388
19,550
12,468
4,556
7,784
have continued of a stimulating character, and fairly liberal Galveston
9,149
11,710
2,358
9,628
10,739
447
181
57
599
sales have been effected. To-day, there was a reaction, and iDdianola, &c
150
693
691
168
363
166
the market for pork and lard closed easy, with an improvement Tennessee, &c
Florida
15
38
14
78
82
which took place early entirely lost; mess pork on
the^pot North Carolina
514
915
296
1,061
789
Norfolk
707
quoted at $8 75@$8 85, with a small lot of choice sold at
850
164
2,330
1,636
28
32
For future delivery there were no sales ; September quoted
City Point, &c
52
1,436
1,816
au|
$8 85, asked ; October at $8 65@§8 85 ; November, old and
Total this week
30,054
47,431
12,109
41,457
36,709
new, $8 70@$8 85 ; and December, $8 90.
Lard was very dull
Total since Sept. 1.
73,329
43,974
17,994
63,030
59,424
at 6*12/2@6T5c. for prime Western on the spot.
October
The exports for the week ending this evening reach a total of
options were quoted at 6,20@6*22/^c.; November at 5*92/£@
The
•
-'«
-
...
7,221 bales,
5'95e.; December sold at 5'87/^c., and seller the year at 5*S5c.;
refined to the Continent was quoted at 6‘45c. Bacon was firmer,
owing to an improved shipping demand ; long clear sold on the
spot at 5*15c. Cutmeats were firm, and, in consequence, quiet.
Butter and cheese at the close were le3S active, and not firm as
of late. Beef has a small sale, and beef hams are
wholly nomi¬
nal at $17 00@$17 25.
In Brazil coffees an active movement has been noted, and
marked advances have taken place; fair cargoes are now quoted
at 14%@14}£c.; the stock here, at the last compilation
(Sept.
10), was 96,855 bags in first hands; since then, however, liberal
sales have been effected. Mild grades, while showing consider¬
able activity, are without change, though very firmly quoted.
Rice has been less active and is not as firm as of late. Molas¬
is strong and in demand, but short supplies check trade ; 50
ses
test
refining Cuba quoted at 28c. Refined sugars have been
fairly active and firm at 8%c. for standard crushed. Raw
grades have continued in active request and strong at
6 13-16c. for fair, and 6%@6 15-16c. for good
refining Cuba.
Hlirts.
Boxes.
Stock Sept. 1,1879..
Receipts since Sept. 1, 1879
83,732
10,490
Sales since
Stock Sept. 10, 1879
Stock Sept. 10,1878
16,204
218
710
78,018
83,732
27,605
10,162
28,097
Bags. Melado.
642,194
4 044
154,589
208,106
5S8,677
46,179
....
,
of which 7,047 were to Great Britain,
130
to rest of the Continent, while the stocks
to
France, and 44
made
up
as
this evening are now 66,372 bales.
Below are the
the week, and also for the corresponding
stocks and exports for
week of last
Week
season:
EXPORTED TO—
ending
Great
Sept. 12. Britain.
N. Orl’ns
Charl’t’n
Savan’h.
Galv’t’n-
....
36
•
•
•
....
«...
....
....
....
.
....
.
....
N. York.
Norfolk--
4,814
Other*..
711
.
.
.
130
....
.
.
1,568
»
.
.
1879.
1,000
....
....
.
.
.
.
....
.
.
.
.
....
....
....
4,944
.
,
STOCK.
Same
Week
1878.
Week.
nent.
....
....
Total
this
Conti¬
France.
1,522
Mobile..
3,245
1878.
4,741
1,352
4,070
8,602
11,445
5,962
2,838
7,524
28,453
21,989
15,245
21,024
209
207
8
719
2,557
7,500
6,500
66,372
81,289
....
....
....
:
....
■>
....
Tot. this
week..
7,047
130
44
7,221
6,802
12,478
441
52
12,971
9,744
Tot. since
Sept. 1.
149
1,415
2,77«
2,786
....
*
The
exports this week under the head of “other ports” include, from
Baltimore, 450 bales to Liverpool and 8 bales to Bremen; from Boston, 80 bales
to Liverpool; from Philadelphia, 181 bales to Liverpool.
From the foregoing statement it will he seen that,
Kentucky tobacco has been moderately active, and the heavy
compared
grades are firm, but the higher grades are comparatively with the corresponding week of last season, there is an increase
neglected. Sales for the week 650 hhds., of which 350 for in the exports this week of 419 bales, while the stocks to-night
export and 300 for home consumption.
Lugs are quoted at are 14,917 bales less than tbey were at this time a year ago.
In addition to above exports, our
4@5^c. and leaf 6@llc. Seed leaf has continued in good
telegrams to-night also give
demand, and sales for the week are 1,819 cases, as follows : 410 us the following amounts of cotton on shipboard, not cleared, at
the ports named.
cases, 1877 crop, Pennsylvania, 9/£ to 35c.; 1,000 cases, 1878
We add also similar figures for New York,
crop,
do., 12 to 16c.;- 55 cases, 1877 crop, State, private terms ; 100 which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
cases, 1877 crop, New England, 13 to 20c.; 50 cases, 1878 crop, do.
do., and 214 cases, 1878 crop, Ohio, private terms. Spanish
On Shipboard, not cleared—for
tobacco has been less active, and yet the movement is
very fair,
Leaving
Sept.
the sales including 550 bales Bavana, 85c. to $1 10, and 262
12, at—
Liver¬
Coast¬
Stock.
France. Other
Total.
bales Yara on private terms.
pool.
Foreign wise.
The rates for ocean freight room have shown
irregularity and New Orleans
112
None.
None.
129
17
4,612
depression for berth tonnage ; charters, however, have remained Mobile
None.
None.
None.
None.
None.
1,352
None.
None.
750
750
None.
steady, and petroleum vessels meet with active calls. Late Charleston
3,320
None.
None.
None.
2,500
2,500
6,102
engagements and charters include : Grain to Liverpool, by Savannah
Galveston
893
None.
None.
1,194
2,087
9,358
low
New York
4,200
Other ports
...
|
Total
None.
None.
None.
None.
None.
*5,100
None.
None.
None.
23,383
7,709
5,205
None.
17
4,444
10,566
55,806
!
steam, 6@6%@6/£d.; provisions 32s. 6d.@37s. 6d.; cottoned.,
it runs ; grain to Hull, by steam, 8@8%d., 60 lbs.
; do. to
Avonmouth, by steam, 8%d., 60 lbs.; do. by sail to Glasgow
60 lbs.; do. to Cork for orders, 6s. per qr.; crude
petroleum
to Havre 4s.; refined do. to east coast of Ireland,
4s.; do. to
London 3s. 43£d.; do. to Bristol 4s. 4^d.; cases to Alicante
25c.;
do. to Shangliae 50c. To-day, a moderate business was
reported
at about steady rates.
Grain to Liverpool, by steam, 63£d.;
flour, by sail, 2s. 3d.; grain to London, by steam, 7%@7%d.;
do. to Glasgow, by steam, 6/£d.; do. to Bristol, by steam, 8d.;
do. to Cork for orders, 6s.; do. to Cherbourg or Brest, 5s.
9d.;
refined petroleum to London, 3s. 9d,
In naval stores little of importance has
transpired, and prices
are* more or less nominal at 26%c for spirits
turpentine, and
$1 25@$1 30 for common to good strained rosins. Petroleum
has latterly been dull, and the tone lacks firmness and
regu¬
larity; refined, in bbls., 6/£c.; cases, 8/£@10c. Oils have been
generally firm, though still quiet.' In American and Scotch pig
iron a good business is still going on; all prices are
firm, and
rumors of further advances were
reported without being wholly
substantiated; of the former 12,000 tons Nos. 1 and 2 were sold
for January, February and March
delivery at $20@$21@$22; of
the latter 2,600 tons were sold to arrive oh private terms. Rails
are quiet, but firm; $50 for
steel, at tide-water. Ingot copper
steady and quiet at 16/6@16]4c. Clover seed is quoted at 7^e.
per lb. for new Western.
Timothy is scarce and sold to-day it
§2 40@$2 50 per bush. Whiskey quiet at $1 06.
as
*
Included in this amount there are 900 bales at presses
destination of which we cannot learn.
The
for foreign ports, the
following is
cotton at all the
our usual table showing the movement of
ports from Sept. 1 to Sept. 5, the latest mail dates;
RECEIPTS 8INCE
sept. 1.
Ports.
'
1879.
1878.
N.Orlns
2,124
1,562
Mobile.
558
952
Char’n*
810
8av’h..
Galv.*.
2,712
5,806
3,835
11,59.9
6,392
N. York
275
16
•Florida
299
108
N. Car.
86
577
Norf’k*
399
277
Other..
851
580
Hiis yr.
13,920
Last ye ar
*
25,898
EXPOR TED SINCE SEPT. 1 TO—
Great
Britain.
_
France.
949
Stock.
i
Other
^
Foreign
•
•
Total.
949
•
•
•
•
•
....
....
....
m
m
m
•
....
....
....
•
•
•
•
.
.
.
.
....
....
4,482
311
....
....
...^
....
4,793
....
5,138
710
728
3,650
7,631
28,298
Y
m
m
m
m
....
mm
....
....
....
....
mmmm
.
•
\
.
.
....
....
5,431
311
2,849
93!
••••••
108
500
....
8
8
7,500
8
5,750
54,263
2 942
57,773
....
Under the head of Charleston is included Port Royal, &c.; under the head of
Galveston is included Indianola, &c.; under the head of Norfolk is included City
Point, &c.
280
THE
Cotton
the spot
opened
on
vanced 1-16c.
CHRONICLE
firmer, and quotations were ad¬
on Monday, to 12fc. for mid¬
dling uplands, and this price
yesterday’s business, with a
,
►
previous Friday. The advance was
favored by strong
foreign advices, limited supplies, and somewhat
disturbing crop
accounts.
But on
Tuesday the receipts began to compare more
favorably with last year, the weather at the South
continued
very favorable to the
animate aod weak,
growing
causing
turn to values till
crop, and
dull
a
Thursday morning, when
excitement and -wide fluctuations
tember and October, and
small advance
steadier, but
and closed
finally
September.
for
soon
there
were
was
free
—
depressed.
delivery for
Strict Ord.. ll3ie
101 ®i6
113i6
Good Ord
Uy16 1111)6
Str. G’d Ord
Hl3i« 111°16
Low Midd'g 1115ig
121)6
Str. L’w Mid 12i8
1214
.
Middling..
Good Mid
Str. G’d Mid
1214
12016
Sat.
I01546
115)6
11H)6
Ul5l«
121)6
are
123q
|
Wed| Th.
HI on Tues
123a
Frt.
Ordin’y.^lbToiBi6
StrictOrd.
101516 io70
jll5i6 jll5i6 11*4
Sat.
12 Lj
124
12^2
Wed
Til.
Uhe
llMe
U13)t
12ii6
123)6
lUlG
1230
1430
1414
Frl.
Wed
11
1430
1230
MonjTues
Good Ordinary
Strict Good Ordinary
Low Middling
$ fi). 11
Ills
1138
llb>
ll1©
11*2
11 b>
1212
1334
1430
Th.
lib*
11*2
SALES OF SPOT AND
TRANSIT.
SPOT MARKET
Ex- ! ConSpec- Tran¬
port., siunp. ul’t’n
sit. Total.
CLOSED.
Sat.. Strong, at i)6 ad.
Mon
Quiet, at ^ adv.
Tues. Steady
01?
330
409
913
(
.
300;
Quiet
Thurs Quiet
Fri.
Quiet, at lie dec.
53
200)
Total
GIGi 3,068
.
.
65
33
100
100
G33
518
2G5
•.*•{
33
331
•
•
•
391
474
•
1,246
....
....12-06
..-..1207
....12-0S
....1 -09
12-10
...12*11
.L*12
1,300
1,500
...
4,400
....
....
....
12-18
.
...
e.n
....
15thl‘?-23
...1223
...
...
12-24
12-25
12-26
... ....
1
4,300
2,400
1,400
2,800
ioJtoo
2,200
12-4-
..
...
1,400
3.200
12-41
Cts.
.11-08
8.500
4,600.
...
..
...
6,400
800
.
....
2,400
12,(500
7,100
12-44
...12-45
.
..
.....
.
400
..12-47
..1-48
...i2-49
1
,f'00
300
.11-09
.11-10
.11-11
11-12
3113
.1114
11-15
11-16
1117
1118
—
178,600
159,300
1229
....12 3J
..
12-3 •
.
..
12-33
l>-34
e. n
... .
...12-36
.1237
...
12-39
For November.
For October.
1,200
1. 00
16-J-5
...10-86
....10-87
2.500
9,900.
3,700
600
400
1,800
10-89
3,H0
10 91
..
-93
500
900
1.40i >
...in-94
10-95
1,300
2,600
....10-V-2
....
..
...1
.
.
....10-96
70>
3,■'00
4,00;)
2,200
5,100
12,000
2,M00
1,700
a,100
5,800
3,400
7,000
10-98
....
.
11-03
...1104
3,2 0
1,300
10-99
....1100
..1101
.
2,700.
....10-8
...
00
3.900
...
2,300
4,900.
7,700
4/400
2,400
7,400
5,800
!
!
.
12-20
....12-21
.12-22
...
1,600
n..
|
..
....11-06
1,100 Sept.
s. n.
.
been made
for reg.
<0-77
10-78
.
.1080
10-89
.
700
during the
week:
following will show the range of prices
for futures,
closing bid and asked, at 3 o’clock P. M.,paid
on each
and the
day in
the past week.
Futures
Saturday.
Monday.
Market.
Tuesday.
Higher.
Il’gher.
Depressed.
For
Day.
Closing.
For
Bid. Asl
Hiqh.
Day.
Closing.
For
Day.
Closing.
900
600
1,700
3,100..
2,500
1,300
2,100
37,200
>..
10-44
10-45
.10-46
.10-48
.10-49
10-50
.10-51
10-52
.10-54
10-55
.10-56
10-58
10-59
..10*60
10 61
10-63
1GV4
.10-65
High.
Ts>w.
Loio.
Sept’b’r
12-40-12-26 12-38 39 12-49 12-38 Bid. Ask High. Low.
‘‘
12'44 45 12-42-12-2 6
s.n.
-12-28
October 11 09-1100 11-08 09
12-41-12-28
Nov’ber 1000-10-53 10-58 59 11-18-11-08 1115
1114-1107
10-65-10-60
10-64
10
Dec’ber 10-5010-43 10-48 49
65-10-57
10-56-10-49
10*54-10*47
Jan’ry 10-57-10-51 10 55 56 10-63-10-56 10-52
10-59
10*60-10*52
Feb’ry..
10 66 68 10-70March
10-79-10-76 10-77 79 10-80-10*79 10-69 71 10*7210-80 82 10-78-10*76
April... 10*8910-88 90 10*92—
—
—
—
—
.
—
10-90 92
12-4 5
Fin 1 1.
—
Tr. ord.
12--10
Firi n.
Closed.
11 34
12
Deliv¬
eries.
49,600
65,800
68,700
61,300
400
700
600
700
1,500
1,600
5,500
F->r
Bales.
December.
Cts.
400
1o-j2
10-34
10 35
10-36
10-37
500
1,700
'600
100
200
10 38
'200
800
300
800
1,800.
•200.
800
300
3.2(H)
2,000
1,000
1,200
lifOO
400
3(H)
1,100
600
100
20,100
..
10-89
1040
10-41
.10-42
1043
V.. 10-44
10*45
.10-46
10 47
10-48
10-49
.10-50
10-51
.10-52
10 53
.10-54
.10-55
.1056
a
For Janua ry.
200
-.. U0-41
200.
10-42
1,000
.10*43
600
10-44
100
5 0-46
600
10-48
100
10-49
1,400
10-50
660
.10-51
1,900
.10-52
1,500
11*08
10*58
10*48
10*54 55
10-64 65
10-75 77
10-85 88
—
—
-
12*3 5
Steat iy.
Wednesday.
Thursday.
Market.
Friday.
Depressed.
Irregular.
Irregular.
For
Day.
High.
Closing.
Low.
For
Day.
Closing.
Bid. Ask High. Lmc.
Bid. Ask
17 12-35 1206
12-22 23
Sept’b’r 12-29-12T6 12*16
“
s.n.
—
—
—
—
—
-12-23
—
October 1112-10-94 10-94 95
11-00-10 86 10 93
Nov’ber 1059-10-50 10-50
10-53-10-43
10-48
Dec’ber 10-49-10-41 10*40 41
10-4710-32
Jan’ry. 10-5410-50 10-47 49 10-53-10*41 10-41
10-48
Feb’ry. 10*6210-57 59 10-58-10*52
10-58
March..
10-68 70 10-70-10-64 10-68
April...
10-79 81 10-8010-78
Tr. ord.
12- 20
12-25
Closed.
Weak.
-
—
—
—
.
.
—
—
—
-
Barely steady.
To 2 P. M.
For
Day.*
Closing.
Low.
Bid. Ask
High.
12-30-12*15 12-18 19
—
—
-
—
—
—
10*99-10*89 10-92
49 10-54-10-48 10-46 47
42 10-48-10-39 10-40 41
-
—
—
brought down
the
to
are
this week’s
49 10-55-10*48 10-48
59 10*64-10-57 10-58
70 10-77-10 67 10-60
80
10-80
12-2< 3
—
-
—
49
60
72
82
Steady.
afloat
returns,
Thursday evening; hence,
complete figures for to-bight
(Sept. 12),
exports from the United States,
and consequently
to make the totals
add the item of
we
including in it
Friday only:
1879.
311.000
68,302
Stock at London.
IH16
1 17)6
Bid. Ask
12*30 31.
Futures
Frl.
during the week
middling)', and the
—
..
1227
100 ?. n
12-28
100 r>.n. lOtlil .*23
3,800
.12-28
4,500
4,900..
2,500
2,000
2,100
1,300
s.
I
3,400
6,?00.
...12-40
100
1
6,<00.
6,400.
1213
p. n.
7,000
4.100
1.800
500.
Buies.
10,4(H)
6,700
7,100
8,000...
Sales.
4,015 415,300
....
8,000
100
10.000
..
....12 14
....12-15
12-16
loo
|
12,700
7,400.
....
Cts.
1
3,400
1,300
1,200
2,200
7,300
..
Bales.
I
500
600
■01 pd. to exch.
for the Continent
1311)6
14°,6
FUTURES.
788
818 114,400
298 55,500
....
....
For forward delivery the sales
have reached
415,30 > bales (all middling or on the basis
of
For September.
Bales.
Cts.
200....
following exchange has
The
100.
100...
.
of
Cotton, as made
telegraph, is as follows. The Continental stocksupareby cable and
the
of last
Saturday, but the totals for Great Britain ar.d thefigures
12716
MARKET AND SALES.
’
600..
?oo
Tiie Visible Supply
1213)6 12%
131)6 13
1111)6 1 ll3)6Tll3)6 1H316
1115,« 121)6 121)6 •121)6 1113)6
121,6
Middling
Frl.
lliiG 11
11716 1130
1113)6 11 3).
121)6 12
123)6 12i0
1230
125)6
Wed
'll1©
1430
Th.
IU18
H716
1H3i6
121)6
123)6
j
STAINED.
1,500
The
For
500...
...
200...
1,900
Hlon. Toes
11'16 1130
111;J16 11 34
1U516 11 ?8
121)6 12
Low Midd’g
12ii6 il2ii6 12
123)6 12i0
Str. L’w Mid 12 %
12 % j 12%6 123s
1230
125)6 1230
Middling...! 12 38 \12*s :12516 12 Lj
121o
Good Mid..
127)6 12^2
121116!i2U16
1258
1213)6 1213)6 1234 1213)6
Btr.G’d Mid
12H>16!l2i&16 1278 131)6 131)6
13
Midd’g Fair 13
i 13 r>8
13%6 1334 1334 1311)6 13!)6
13 34
Fair
14*4 114%
14316 143s 143s 145)6 1430
Good
Ord.Jll11i6Hlli6 Ur>8
Str. G’d Ord 1U516
100
2,800
..
TEXAS.
1211)6 1211)6 1211)6 121316 1213i6 1230 1212 1212
l2Ui0 1213)6 1213)6
P21316 121516 1215)6 121516 131)6
Midd’g Fair 13*2 135q 135s 1350 1334 131)6 1215)6 131)6 131,6
1334
13
Fair
«8
1334
11418 1414 IIH4
133)
14^4
143g
..
100
700
600
14,700
200.
10-79
.
—
-
1015)6 1U16 llhe 1015)6 HI
16 IH10
115)6 ll716 11716 115)6
11716 11716
1113)6
1113)6
HjJl6
1111)6
111^16 121)6 121)6 1llo16 1113i6 1113)6
121)6 123)6 123)6 121)6 121)6 121)6
123)6 123)6
1214
1238
1230
1214
1238
m
...
10-65
...
1(H)....
109....
10-59
10 62
1064
10-70
10-72
Ct8..
400.
300...
.
415,300
delivery the
616 for export,
including
NEW ORLEANS.
HI on Toes
..10-61
..10-6:1
200
t
200..
100..
200.
100..
100..
Bales.
—
the week
For immediate
4,015 bales,
UPLANDS.
Sat.
Ordin’y.^Ib 101316
Wed
400
900
fOO
tmmmm
300
1,000..
renewed
331 for speculation, and— in
transit. Of
the above, 200 bales were to
arrive.
The
tables show
following
the official quotations and sales
for each day of the
past week:
Sept. 6 to
Sept. 12.
00
1,600
in¬
values, especially for Sep¬
important change, except a
no
board.
on
total sales foot
up this week
3,068 for consumption,
..
For March.
Bales.
Ct.s.
100...
10-64
in
yet not much
The total sales for forward
.
downward
a
To-day the market opened
declined under increased
receipts at the ports,
slightly lower,
bales, including
foreign advices
movement and
For February.
Bales.
Cts.
100.
10-52
100..
10-57
..10c4
10-55
..'0-56
.
300.
closing bids
of the
Cts.
900
900
well maintaiced to the close of
was
moderate movement,
mainly for
home consumption. The
deliveries on contracts have also been
to a very fair
extent, under the circumstances.
To-day spots were
dull and declined l-16c
middling
uplands .closing atl2 5-16c.
The speculation in
futures opened strong, and in the
course of
Monday a considera’ le advance was obtained on the
»
Bales.
Saturday and ^c.
on
[Vol. XXIX.
Total Great Britain stock
Stock at Havre
8tock at Marseilles
Stock at Barcelona
Stock at Hamburg:
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
8tock at Antwerp
Stock at other conti’ntal
ports.
.
Total continental ports....
Total European stocks..
India cotton afloat for
Europe.
Amer’n cotton afloat for
..
EuPpe
Egypt, Brazil, <fee., aflt for E’r’pe>
Stock in United States
ports
Stock in U. S. interior
ports..
United States exports
..
.
to-day..
409,302
104 860
1.829
18,000
2.600
16,649
31,272
1,388
1878.
485,000
20,000
-
the exports of
1877.
710,000
29,500
505,000
155,250
769.500
1,750
11,000
15,500
5,500
35,000
42,250
7,750
5,250
1876.
751.000
38,750
12,000
789,750
189.000
4,250
63,000
12,000
54,000
62,750
16,500
17,000
14,250
444,450
437.750
229,000
59,000
13,000
65.000
37,750
10.000
7,750
5,047
12,000
181,645
280,250
590.9 17
785,250 1,213.950 1,227,500
195,000
160,000
379,000
14,000
48,000
34,000
180.517
40.261
3.482
5,694
3,000
81,289
11.019
700
1,000
66,372
23,000
105,320
9,387
24.000
133,313
11,084
2,500
Total visible
supply
887,973 1,090.553 1.559.657
1.811,397
Of the above, the totals
of American and other
follows:
descriptions are as
A mencan—
Liverpool
stock
.
Continental stocks
.
American afloat for
Europe...
United States stock
United States interior stocks.
United States exports
to-day.
East Indian,
Brazil, <£c.—
Liverpool stock
London stock
Continental stocks
India afloat for
Europe
Egypt, Brazil, &c., afloat..
.
.
.
.
..
..
..
363,000
221,000
14,000
81,289
444,000
321,000
48,000
105.320
382,000
303,000
34,000
133,313
11,084
2,500
700
11,019
1,000
9,387
421,027
'691,308
927,707
865,897
136,000
122,000
296,000
369,000
63,302
78,645
..
20,000
59,250
180,517
3,482
195,000
46?,946
421,027
399,250
691,308
3,000
29,500
38,750
123,450
160,000
23,000
134,750
379,000
631,950
945.500
,24,000
927,707
865,897
887,973 1,090.558 1.559,657 1,811,397
Total visible supply
Price Mid. Upl., Liverpool
figures indicate
66,372
5,694
..
These
205,000
103,000
40,261
G^ied.
6*26.
6*00.
6d.
decrease in the cotton in
of 202,585 bales as
sight to-night
compared with the same date of 1878, a de¬
crease of 671,684 bales as
compared with the
of 1877, and a decrease of
corresponding date
923,424 bales as compared
with 1876.
At the Interior Ports
the movement—that is the
and shipments for the
receipts
week, and stocks to-night, and for the
corresponding week of 1878—is set out in detail in the
statement:
a
following
September 1£,
1879.]
THE CHRONICLE.
Week ending Sept. 12, ’79.
Week
Receipts Shipm’ts
Receipts Shipm’ts Stock.
Augusta, Ga
2,151
■Columbus, Ga....
Macon, Ga
Montgomery, Ala
Selma, Ala
Memphis, Tenn.*
Nashville, Tenn..
1,192
3,356
2,679
Stock.
2,185
677
711
573
560
781
3,076
1,603
1,651
529
10
ending Sept. 13, ’78.
3,705
2,081
3,144
1,250
2,694
732
3,788
2,290
2,352
1,429
37
8
110
1,007
300
480
Total, old ports.
10,102
8,222
5,694
15,338
10,796
11,019
Dallas, Texas
Jefferson, Tex.*..
Shreveport, La
Vicksburg, Miss..
Columbus, Miss..
Eufaula, Ala
2,078
2,014
400
553
377
1,012
939
77
900
255
931
66
543
—
500
1,231
..
569
94
831
Griffin, Ga
Atlanta, Ga
Rome, Ga.*
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
390
400
1,236
277
119
893
32
20
95
14
123
112
200
15
83
3,352
2,723
271
2,064
514
2,323
124
159
1,160
•
-
279
220
450
304
1,835
1,880
1,374
2,051
10
595
18
424
232
60
275
982
225
....
155
413
75
500
pleasant, but
an
five hundredths of
an
inch.
Vicksburg, Mississippi.—There has been no rainfall
during the
past week. Planters are sending their cotton to
market freely.
Columbus, Mississippi.—The weather has been cold and
dry all
the week, no rain
having fallen. The thermometer has ranged
from 74 to 85,
averaging 79. Boll worms and rust still increas¬
153
ing.
Little Rock, Arkansas.—It has been
week, and we had a light rainfall
7,128
8,869
9,125
4,675
7,952
Total, all
20,315
15,350
14,563
24,463
15,471
18,971
Estimated.
past week
have had showers on
rainfall
The thermometer has
inch.
1,163
1,200
245
we
reaching fifteen hun¬
averaged 81.
Shreveport, Louisiana.—The weather durin; the
past week
has been
generally fair, but to-day a heavy rain is
falling
Ther¬
mometer, highest 89, average 78, lowest 68.
Rainfall, ninetydredths of
1,358
10,213
*
cloudy two days the past
(thirty-eight hundredths of
inch) this (Friday) morning. The thermometer has
averaged
the extreme
range having been 59 to 87.
Last week the
The above totals show that the
old interior stocks have
increased during the week
1,8S0 bales, and are to-night 5,825
bales Itss than at the same
period last year.
1 he receipts at the
game towns have been
5,236 bales less than the same week last
year.
Receipts
clear and
50
Total, new p’rts
*
was
days the latter portion, the
two
519
....
1,711
the weather
750
319
26
••
•
welcome, but not enough to do much good. The
thermom¬
ranged from 72 to 98, averaging 83.
New Orleans, Louisiana.—1 he
earlier part of the
very
eter has
1,052
2,070
1,437
3,646
1,745
2,122
281
thermometer
the month of
was
76, with
August
a
an
72^
average
The rainfall for
range of 62 to 87.
eight inches and ninety-six hundredths.
Nashville, Tennessee.—It has rained during the week on two
days, the rainfall reaching forty-two hundredths of an
was
inch. The
Plantations.—The following table is thermometer has averaged 68,'ranging from 52 to 85.
prepared for the purpose of indicating the actual
movement each
Memphis, Teniiessee.—Telegram not received.
week from the plantations.
Receipts
at the out ports are some¬
Mobile, Alabama.—It has rained severely on one
times misleading,
as they are made up more
day, and has
largely one year been showery two
than another, at the
days, the rainfall reaching seventeen hun¬
expense of the interior stocks.
We reach,
therefore, a safer conclusion through a
dredths of an inch.
Crop accounts are more favorable. Picking
comparative statement is
like the following: '
making rapid progress. The thermometer has
averaged 78,
RECEIPTS 'FROM PLANTATIONS.
the highest
being 91 and the lowest 63.
Montgomery, Alabama.—There has been no rainfall
Week
Receipts at the Ports. Stock at Inter’r Ports
the week, the weather
during
Rec’pts
from
Plant’ns
ending—
having been fine. Crop accounts are
more
1877.
favorable.
1878.
1879.
1877.
1878.
1879.
Picking is progressing finely. Average ther¬
1877.
1878.
1879.
mometer 77, highest 90 and lowest
May 2
63.
16,560 31,196 22,2-3 107,534 175,550
78,962
7,020 17,604 13,951
9
Selma, Alabama.^-There has been no rainfall
17,309 24,252 19,031 97,696 65,770
71,546
7,471 14,472 11,615
during the past
16
week, the weather having been warm and
16,288 20,097 19,897 86,376 56,433
59,249
4,908 10,760
dry.
- Picking is pro¬
7,600
23
12,147 19,732 16,673 79,009 46,305 51,429
gressing finely and planters are sending their
4,780
9.604
8,853
30
crop to market
9,669 18,220
freely.
from the
II
II
•I
II
17,113
June 6
II
9,390
8,526
8,528
6,519
6,102
12,380
11,231
10,721
11
4,404
18
1
3,676
3,299
2,691
5,287
3,782
4,086
8
2,102
13
M
20.:....
II
27
July
II
II
II
4
25
Aug.
II
• 1
15
II
22......
II
29
8ept. 5
II
*
12
6,879
5,949
3,671
11,089
6,612
7,188
6,293
3,637
3,032
2,809
3,272
2,503
3,945
3,462
4,843
3,069
1,733
4,657
2,644
5,699
4,335 15,784
4,875
5,885 26,750 13,920
12,109 47,431 30,054
'
67,780
57,509
52,154
45,709
35,811
32,07?
28,997
27,979
25,361
22,472
21,574
19,118
17,600
10,278
10,449
16,272
39,025
34,154
29,315
23,287
21,240
19,075
18,033
42,198
37,570
32,420
29,306
25,223
22,388
20,091
15,528
14,410
13,900
13,049
11,477
7,483
7,301
9,598
15,494
12,527
11,005
8,340
0,238
5,999
0,593
9,979
18,971 14.563
•
•
•
•
3,171
2,141
•
•
•
•
2,368
1,324
2,658
10,940
7,509
0,392
4,093
4,832
4,384
3,645
681
1,243
1,119
2,149
1,204
410
7,882
0,401
1,471
4,065
2,210
802
1,335
•
•
•
2,154
2 059
2,549
1,126
5,400
829
3,013 10,378
4,713
6,056 30,136 10,217
11,932 56,423 35 019
•
•
#
•
a
storm
over
by
Telegraph.—With
Macon, Georgia.— Rain has fallen during the week on one
The thermometer has
day.
ranged from 64 to 88, averaging 77.
Columbus, Georgia.—There has been no rainfall
during the
past week. The thermometer has
averaged 80. Rust is
develop¬
Savannah, Georgia.—We have had no rainfall
during the
having been pleasant. The thermometer
has
averaged <7, the highest being 89 and the lowest 61.
Augusta, Georgia.—It has not rained here the past
week, the
weather having been clear and
pleasant. Accounts are some¬
what better and weather
good. Picking is progressing finely,
and cotton is
being sent to market freely. Average thermometer
76, highest 91, and lowest
week, the weather
60.
Chanieston, South Carolina.—There has been no rainfall
during
the week.
The thermometer has
averaged 73, with an extreme
range of 65 to 85.
The following statement
showing the height of the
Sept. 11, 1879.
we have also received
by telegraph,
rivers at the points named at 3 o’clock
the exception of
portion of Texas, the weather the past week has
been generally favorable,
very little rain having fallen,
especially
in those sections where
caterpillars have appeared ;
consequently,
crop reports are more favorable.
a
—We
had rain during
the earlier
week, but the latter portion has been clear and part of
pleasant.
The thermometer has
averaged 74, the highest being 94 and the
lowest 55.
The top crop will be
poor.
Planters are sending cot¬
ton forward
freely.
s]028 ing rapidly.
1,890
The above statement shows—
1. That the total
receipts from the plantations since Sept. 1 in
1879 were
51,236 bales; in 1878
were
86,559 bales; in
1877 were 17,988 bales.
2. 'I hat the
receipts at the out ports the past week
were 30,054 bales and
the actual movement from
plantations was
35,019 bales; the balance
being added *o stocks at the in¬
terior pors.
Last year the receipts from the
plantations for the
same week were
56,423 bales, and for 1877 they were
11,932 bales.
Weather Reports
•
Madison, Florida
the past
Sept. 11, ’79. Sept. 12,’78.
New (Means
Below high-water mark
..Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low-water mark...
Memphis
..
Nashville
Feet. Inch.
12
6
13
2
Feet. Inch
0
5
4
5
Shreveport
O
Vicksburg.
1G
New Orleans reported below
high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge
....
Galveston, Texas.—We have had showers on
four days, the
was changed to high-watei
reaching one inch and fourteen hundredths. Rains have mark of April 15 and
16, 1874, which is 6-10ths of a foot above
been general and
beneficial, but in many sections the movement 1871, or 16 feet above low-water mark at that point.
bas been interfered with
Comparative Port Receipts and Daily
by a storm. The thermometer has
Crop Movement.—
A
averaged 80, the highest being 87 and the lowest 75.
comparison of the port movement by weeks is not
accurate,
as the weeks in different
Indianola, Texas. It has rained during the week on
years do not end on the same
of the
day
four
days, month. We have consequently added to our other
the rainfall
reaching five inches and fifty-nine hundredths. We tables a daily and monthly
standing
statement, that the reader may con¬
have had an
unusually severe storm this week,
stantly have before him the data for
out
beating
much
seeing the exact relative
open cotton and
movement for the
years named.
First we give the
interfering with picking. The thermometer has eich
receipts at
port each day of the week ending
ranged from 72 to 88, averaging 80.
to-night.
PORT RECEIPTS FROM
SATURDAY, SEPT.
rainfall
—
Corsicma, Texas.—The
throughout the
^
making fine
week, and
progress.
and loWest 67.
weather
we
has
6, ’79,
been
warm
and
dry
needing rain badly. Picking
Ave-age thermometer 82, highest 98
are
-
Dallas, Texas.—We have had
good showers on one day this
week and are
needing more. The thermometer has
averaged
82, the highe t
being 98 and the lowest 67. i he rainfall for the
week is
forty-five hundredths of an inch.
lire ham, Texas.— It
has rained
during the week on one day,
the rainfall
reaching fifty hundredths of an inch. The rain was
1
New
of
Oiwe’k leans.
D’ys
Mobile.
1
Char¬ Savan¬ Galleston. nah. vest’n.
TO FRIDAY, SEPT.
Nor¬
folk.
Wil¬
All
ming¬ others.
ton.
Sat..
88
58
496
649
487
Mon
32
1,256
289
76
632
218
1.742
1.251
Tues
407
215
5
458
61
869
986
2.122
!*4
188
■
....
12. ’79.
Total,
2,104
5.4 >4
5,124
Wed
1,135
161
649
1,661
1.04
>
riiur
186
185
21
117
20
897
1.284
4,878
2,116
104
140
15
4,858
924
7,630
1,2 41
30,054
Fri..
715
352
1,349
2,066
2.128
76
26
Tot..
3,786
1,435
4,892
8,38°
9,149
707
456
The
inovemirni eaoh mont.» »iucr
Sept. 1 has been
as
follows;
282
THE
Year
Monthly
Receipts.
1878.
288,848
October..
Novemb’r
689,264
December
January
February.
.
March...
April....
May
June
779,237
892,664
616,727
564,824
302,955
166,459
84,299
29,472
July
August...
13,988
Corrct’ns.
458
18,081
1876.
98,491
578,533
822,493
1875.
236,868
675,260
901,392
787,769
500,680
900,119
689,610
472,054
449,686
340,525
197,965
182,937
100,191
68,939
36,030
17,631
14,462
66,293
96,314
42,142
20,240
34,564
52,595
1874.
1873.
169,077
610,316
740,116
821,177
637,067
479,801
134,376
536,968
676,295
759,036
444,052
383,324
300,128
251,433
133,598
81,780
56,010
17,064
13,524
9,709
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501
31,856
23,394
12,299
163,593
92,600
42,234
29,422
33,626
71,985
year’s hy fully two weeks. It is at a critical period, and how it will turn
out ascompared with last year must depend upon the weather
during the
next thirty days. Picking has commenced all over the State; in South¬
ern Georgia it became general about the 1st of September.
In Middle
and Northern Georgia picking will be general from the lOth to the 15th
inst. Worms are complained of only in Northern Georgia; in two coun¬
ties they have done damage. All complain, more or less, of shedding of
bolls or of rust. The injury, however, is only slight, except in light or
sandy lands.
The
Perc’tage of tot. port
98*79
98-36
98-28
99-72
99-68
Corrections
Total port receipts..
01-21
01-64
01-72
00-28
00-32
100-00
100-00
100-00
10000
100-00
This statement shows that up to Aug. 31 the receipts at the
ports this year were 101,631 bales more than in 1877 and 409,135
bales more than at the same time in 1876.
The receipts since
have been
years,
follows.
1879.
*
Sept. 1....
“
3,490
1,848
2....
“
3....
1.331
“
4....
2,264
4,927
2,104
“
5....
“
6....
“
7....
“
8....
“
“
10....
11....
S.
1876.
408
5,708
4,051
1,246
4,799
616
4,224
7,116
4,108
1,008
S.
S.
1,701
1,655
3,982
4,708
3,116
3,621
43,974
61,702
14,979
.,40,161
Percentage of total
p’rt rec’pts Sept. 12
2,145
S.
3,764
S.
1,398
1,682
Sr
3,228
3,108
3,085
j
1,265
1,075
1,615
1,734
1,407
3,414
3,111
8,923
4,788
S.
1874.
1,064
1,380
4,630
2,996
754
•
1875.
1,918
1,691
S.
13,115
7,341
6,258
7,982
12...,
Tota’
1877.
5,454
5,121
4,878
4,858
7,636
9....
“
"
S.
1878.
3,928
3,127
S.
26,379
as
3,390
.
1,957
1,841
2,746
3,423
3,214
24,353
-
01-45
This statement shows
00-34
00-99
00-63
00-69
that the
receipts since Sept. 1 up to
to-night are now 20,728 bales less than they were to the same
day of the month in 1878, and 28,995 bales more than they
were to the same day of the month in 1877.
We add to the last
table the percentages of total port receipts which had been
received Sept. 12 in each of the years named.
Cotton Exchange Reports
below the Cotton
for
September 1.—We
Exchange reports for Sept. 1
as
telegraph:
publish
received by
Norfolk Department.
the
Florida.—17 replies from 11 counties.
portion of its fruit from shedding, taking on a second growth when the
rains commenced. It lias more weed than last year, but hardly as much
fruit. Picking became general about tbe 1st of September. Worms are
mentioned in nearly all the replies, and damage from them in two coun¬
ties is reported. In the Sea Island section there has been too much rain.
The crop is not so favorably reported upon as it was a month
ago; still
the prospect is far more cheering than it was a year ago, and with a
good
picking season a full crop will be gathered.
Mobile Department
covers
the State of Alabama as far north
as
the summit of the Sand
Mountains, and the following Counties in Mississippi: Wayne, Clark,
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chieasaw, Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisbamiugo. The report is prepared and issued by
the Mobile Cotton Exchange, through their Committee on Information
and Statistics, composed of T. K. Irwin, Chairman, Julius
Buttner, S.
Haas, Louis Touart and G. Thos. Cox.
Alabama.—88
The weather
ble;
replies from 47 counties.
during the month of August has been wet and unfavora¬
compared with last
year, much less favorable. The plant is not
squares and bolls. The average present con¬
dition is reported 20 per cent worse than last year. Picking has com¬
menced, and will become general all over the district about the middle
of September.
Boll-worms and catemillars are reported pretty gener¬
fruiting well ror retaining
ally, but
no serious damage has resulted therefrom, except in the prairie
and bottom lauds of middle Alabama. Damage from
rust and shedding
is general and serious, which makes the comparison with last
year 20
per cent worse, as noted above.
Mississippi.—34 replies from 17 counties.
,
The weather during the month of August has been wet and unfavorable
and much less favorable than the same period of last year. The
plant is
not fruiting well, nor retaining squares and bolls. The present condition
is, on an average, 5 per cent worse than last year.
Picking has com¬
menced, and will become general about the middle of September. No
damage from boll-worms or caterpillars is reported. Damage from rust
and shedding is general, which makes the condition 5 per
cent worse
than last year.
covers
New Orleans Department
of Mississippi not apportioned
that part of the State
to the Mem¬
phis and Mobile Cotton Exchanges; the entire State of Louisiana, and
the Stale of Arkansas south of the Arkansas River. The
report is pre¬
pared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Win. A.
Gwyn,
Chairman, L. F. Berje, Chris. Chaffe, Jr., W. H. Howcott and A. G. Ober.
Louisiana.—79
September 1.
The Norfolk Cotton Exchange (H. S. Reynolds, Chairman, TV. D.
Rountree and R. P. Barry, Committee on information and Statistics)
issues the following report, covering the Slate of Virginia and the follow¬
on
The weather during the month of August has been varied, part of the
time favorable, and at times there was too much rainfall; on the
whole it was less favorable than that of last year. The plant has lost a
C
receipts Aug. 31..
replies from which this report is compiled were mailed
last days of August, during the rainy spell, m hen the crop prospects were
very gloomy. The weather, however, for the past ten days has been
unexceptionable, clear and warm, and the crop prospects' now through¬
out Georgia are improving.
Total year 4,447,276 4,345,645 4,038,141 4,191,142 3,497,169 3,804,290
September 1, 1879, and for corresponding
fv0L. xxix.
sive rains have caused a portion to shed off; with good weather and a late
fall there is sufficient left to make a full crop. The crop is later than last
Beginning September 1.
1877.
Bept’mb’r
CHRONICLE.
replies from 34 parishes;
average
date,
The weather daring the month has been less favorable than
during
July, and, compared with last year, decidedly more unfavorable. The
plant is reported fruiting well, but is not retaining its squares and bolls.
The present condition of the crop,
ably with its condition at the
however, is good, and
time last year.
compares favor¬
ing Counties in North Carolina: Rutherford, Lincoln, Catawba, Rowan,
Davidson, Iredell, Burke, Wilkes, Caldwell, Alexander, Davie, Forsythe,
Yadkin, Stokes, Surrey, Rockingham, Caswell, Person, Granville, Warren,
Franklin, Nash, Wake, Hyde, Pitt, Green, Cartaret, Craven, Beaufort,
Tyrrel, Washington, Martin, Bertie, Chowan, Pasquotank, Camden
Currituck, Gates, Hertford, Northampton and Halifax.
North Carolina and Virginia.—29 replies from 21 counties.
Picking has fairly
commenced and will become general by the 9th of September.
Army
worms, rust and rot have done very serious damage, and the iqjury from
shedding, superinduced by too much rain and storms, hasr been very
great.
Seven report the weather since August 1 as wet, but more favor¬
able for the cotton than that of last year. Twenty-two say that the
weather since August 1 has been very wet and unfavorable, much more
so tlian last year. Eight report the cotton as fruiting well, but not retain¬
ing its squares, and twenty-one report the cotton fruiting badly and
shedding. Seven report that the condition of the crop is good, and
probably better than it was last year, and twenty-two state that the
crop is bad and worse than that of last year. No worms of any conse¬
quence have been reported, and there has been scarcely any picking as
The weather during the
ble than that of last year.
yet, but it will become general about the 20th to the 25th of September.
no serious damage by rust, but there is much
complaint
There has been
of shedding.
-
Charleston
*
Department
covers the State of South Carolina, and is prepared and issued by the
Charleston Cotton Exchange, through their Committee on Information
and Statistics, composed of Robt. D. Mure and L. J. Walker.
South Carolina.—77 replies from 29 counties.
The weather for the month of
as
August is almost universally reported
unfavorable, too much rain or else too much cold being complained of,
and it does not compare well with last
season.
The late growth is gen¬
erally reported as fruiting but poorly, excepting in a few counties, and
retaining the bolls. The condition of the crop on the 31st ultimo is
reported fully as goad to better by twenty, about the same by ten, not
quite so good by thirty-live, and from 10 to 50 per cent worse, as com¬
pared with last season, by 12. Picking has commenced in all but six
counties, and will be general in the lower counties by the 8th inst., and
in the upper by the 15th inst. Worms are only reported in one
county,
and no damage is anticipated therefrom. The plant has been considera¬
bly injured both by shedding and rust, the rain having caused the -weed
to put on too much growth, and much of the fruit either to rot or to fall
off. On an average we should say about 20 per cent has been lost
by
shedding, twenty estimate the comparative damage by rust is hardly
possible, as every season there is considerable loss from this cause, and
everything now depends on the weather. If the same is seasonable, and
with a late frost, a good crop may yet be made. •
not
Savannah Department.
This report covers the State
of Georgia and the Stale of Florida. The
report is prepared and issued by the Savannah Cotton Exchange, through
their Committee on Information and Statistics, composed of J. H. John¬
son, Clavius Phillips, J. J. Wilder, L. G. Young and F. R. Sweat.
Georgia.—65 replies from 43 counties.
The weather
during the month of August'was too wet and less favora¬
ble for the plant than last year. The plant was well fruited, but the exces¬
same
Mississippi.—99 replies from 32 counties;
August 31.
average
date,
month has been unfavorable and less favora¬
The plant during the latter part of the month
fruiting well, retaining its squares and bolls. Many complain of
shedding during the first half of the present month, caused by contin¬
uous rains.
The j»resent condition of the crop i6 good, better than it was
last year, though grass is complained of In many instances. Picking
has
commenced in most counties and will become general about
September
10. Worms have appeared in twenty-seven counties, and while cater¬
pillars have done no harm as yet, boll-worms have caused considerable
damage in several counties. Much injury has also been caused by rust,
shedding and rot, the average damage from these sources being fully 15
per cent.
Replies dated on and after the 1st inst from Amite. Calhoun,
Claiborne, Copiah, Pike, Simpson, Wilkinson and Yazoo counties state
that severe damage was done to the cotton crops by the storm of
September 1.
was
'
Arkansas.—In consequence of the quarantine no replies have
been received in answer to questions sent to our correspondents
in Arkansas.
Galveston
Department
the Stale
of Texas, and was prepared and issued by the Galveston
Cotton Exchange', through their committee on Information and Statistics,
composed of J. D. Skinner, Chairman, Isaac M. Kirwan, Chas. Kellner, J.
covers
M. Northman and J. J. Lewis.
Texas.^-80
answers
from 54
counties;
Sixteen report favorable weather
average date Sept. 1.
during August, fifty-three as dry and
hot, one rainy, and ten report it as more favorable than last year,
eighteen the same as last year, and forty-seven less favorable. Seventysix report the cotton plant as fruiting well, and fifty-four
report it not
fruiting well, or shedding. Compared with last year’s crop, eight report
it better, eight the same, sixty-four not as good. Two
replies state that
picking commenced July 1; twelve, July 15; twenty-four, Aug. 1;
twenty-eight, Aug. 15, and fourteen, Sept. 1. Picking became general
two weeks after it commenced. A few worms were reported trom two
counties, but there was no damage. There is a general complaint that
the weather has been too dry, and the crops have been
suffering on that
account. It is impossible to give a full report, as replies have
only been
received from about one-balf the cotton counties of the State. Corre¬
spondents have given estimates of the crop as compared with last year,
and some say a quarter, some a half, some
three-quarters, and a few
report the crop as good or better than last year’s.
We have reason to
believe that the counties not heard from, many of which are in the
northern and eastern portions of the State, will make a fair
crop, and if
a full report were obtainable, the general
average for the State would
appear larger than shown by our report.
September 13, 1879
THE
]
SUMMARY
Replis. Counties.
OF
NATIONAL
COTTON
CHRONICLE
EXCHANGE
Weather
August
Condition
compared with
weather.
REPORTS
Fruiting.
compared with
1878.
1878.
80
79
34
'
All of Texas
N. Orleans.
Louisiana.'.
Not
ble
so
as
favora¬
in J uly.
Decidedly less Well, but some
favorable.
shedding.
Now good and
better
than
)
S
sissippi. )
99
32
Unfavorable.
SEPTEMBER
1,
\
i
Remarks.
2
12
24
28
14
say July 1
Worms in two counties, but no
Two weeks
say July 15
damage. Weather too dry. Crops
after
say Aug. 1
suffering for rain. The reports
say Aug. 15 commencem’t. are only from about half the coun¬
ties of the State.
say Sept. 1
September 1.
Worms, rust and rot have done
serious damage, and much shed¬
ding owing to excessive rains and
September 9.
storms.
Now good and
15th August.
better
than
Less favorable
last year, but
Well, 15th to
31st August.
some grass.
Worms reported in 27 counties,
but no harm done yet. Consider¬
able damage from boll-worms in
September 1. September 10.
several counties.
Damage from
rust, shedding and rot estimated
at 15 per cent.
Mobile.
Boll-worms and caterpillars gen¬
88
47
Wet.
Not well; shed¬
Less favorable
34
17
Wet and un¬
favorable.
Much less fav¬ Not well; shed¬
orable.
ding.
Part of Ala.
Part of
Mis-
[
20 per cent
5 per cent
ding.
worse.
In So.
Heavy
65
Less favorable
Too wet.
43
rain
caused
shed¬
Later
weeks.
ding.
All Florida
17
11
20
Norfolk.
fg inia
Yi
i
and No. >
Carolina )
77
29
29
21
Universally
unfavorable.
7 wet.
22 very
wet.
Less favorable
in
f.g50 No report from Arkansas and Tennessee
7
and
shedding.
on account
as
good
or
better.
22 bad & worse
than 1878.
Worms mentioned in
nearly all
replies; damage reported in two
September 1.
counties.
Worms in
only
one
damage expected.
September 1 in
all but six
counties.
county; no
Plant consid¬
erably injured by rust, rot and
shedding. Average loss by shed¬
ding, 20 per cent.
Sept. 8 to 15.
,
No worms reported.
No serious
Hardly begun
yet (on Sep¬ Sept. 21 to 25. damage by rust, but much com¬
plaint of shedding.
tember 1.)
of tlie interruption of tlie mails by yellow fever.
Cotton Crop Report.—We
give our annual cotton crop report
editorial columns. In connection with our
remarks upon the prospective consumption of Great Britain,
the following extract, taken from an English journal, with
regard to the cotton trade of North Lancashire, will be of
to-day in
September 1.
done
In
or
coun¬
7 more favor¬
8 well.
able.
21 badly,
22 much less
favorable.
good
10 same.
ties, and shed¬ 35 not so good.
12 10 to 50 per
ding.
cent worse.
a
few
as
better.
Poorly, except
worse.
So. Georgia, and have
damage in two counties.
Mid. and No. All complain of shedding and
Georgia by rust, but injury slight except in
Sept. 15.
light and sandy lands.
ding.
Charleston.
and
cent
Georgia, Worms in
Sept. 1.
Portion of fruit
Variable, part
More weed but
dry and part Less favorable lost by shed¬ less fruit.
September 1.
too wet.
„
All of S. C..
by two
damage from boll-worms or
Damage from rust
shedding make crop 5 per
caterpillars.
September 1. September 15.
Savannah.
Georgia
erally reported, but no serious
damage except on prairie and bot¬
toms.
Damage from rust and
shedding general and serious.
September 1. September 15.
worse.
No
)
sissippi. >
All
1879.
-
When Picking When picking
will become
commenced.
last year.
Shedding up to
Part of
Mis-
FOR
general.
10 more favoable.
16 favorable.
76 well.
8 better.
54 poorly and
54 53 dry and hot. 18 same.
8 same.
64 not so good.
47 less favor¬
1 rainy.
shedding.
able.
Galveston.
283
Shipments this week
our
interest.
temporary depression there are
manufacturing in some
parts of North Lancashire, formerly the great seat of the indus¬
try. In 1844 there were but 30 mills in Preston; in 1862 there
were 70, or an increase of 233 per cent.
Now there are but 64.
Six of these mills have been destroyed by fire and not rebuilt.
Other mills have been shut up, owing to bad trade. There are
in Preston at the present time 1,626,000 mule spindles and 214,000 throstle spindles, or about 1,200 pairs of mules.
In 1865
there Were 1,397 pairs of mules, containing 1,840,252 spindles.
Thus it will be seen that the present return shows an actual
decrease of 197 pairs of mules, with 214,252 mule spindles and
about 10,000 throstle spindles. When it is estimated that the
ordinary calculation is £1 per spindle, it will be found that the
less value of machinery at present employed compared with
1865 is £225,000. There are in Preston at the present time no
less than 383 pairs of mules stopped, some few by fires but the
bulk by depressed trade. Though the town of Preston has
suffered from periods of great depression, there has hardly
ever been so many mules stopped as at the present time.
The
number of spindles stopped practically means that no less than
2,000 persons are thrown idle. There are at present in Preston
33,630 looms, or an increase of 2,040 over 1874; of 6,475 over
1862; and 5,000 over 1860. The number of looms actually
stopped amount to 6,040, or a fifth of the whole. At Black¬
burn there are at present 1,142,324 spindles running, and 405,826 stopped. There are some 112 mills and sheds, and in a
Apart from causes of
evidences of the decadence of cotton
Great
Brit’n.
1879
1878
1877
1376
Conti¬
nent.
3.000
7,000
i',000
1,000
From the
year,
ments
foregoing it would
from
Conti¬
nent.
3,000 249,000 335,000
7,000 308,000 390,000
1,000 375,000 408.000
1,000 533,000 359,000
there has been
a
(
Shipments since Jan. 1.
Great
Total. Britain.
appear
Receipts.
This
Week.
.
„
Total.
584,000! 3,000
698,000 2,000
783,000! 1,000
897,0001
Since
Jan. 1.
780,000
853,000
994,000
999,000
that, compared with last
decrease of 4,000 bales in the week’s ship¬
to Europe, and that the total movement
Bombay
January 1 shows a decrease in shipments of 114,000 bales,
compared with the corresponding period of 1878.
India Shipments Other Than Bombay.—Below we give the
week’s shipments of cotton to Europe from Calcutta, Madras,
Tuticorin, Coconada, Carwar, Rangoon and Kurrachee. These
figures are collected for us and forwarded by cable. For the
week ending Sept. 11 the shipments were as follows.
We also
give the totals since January 1 and the figures for previous years
since
for
comparison.
Shipments this week.
Great
Conti¬
Britain.
nent.
1879
1878
1877
1876
12,6*00
Shipments since January 1.
Total.
Great
Britain.
Conti"
nent.
3,000
3,000
230,000
112,000
79,000
2,000
14,666
123,000
58,000
47,000
114,000
86,000
Total.
353,000
170,000
126,000
200,000
The above totals for this week show that the movement from
the ports other than Bombay is 3,000 bales less than same week
of last year.
Alexandria Receipts and Shipments.—Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria,
we shall hereafter receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The
following are the receipts and shipments the past week, and for
will be $dded to the number. The number the
corresponding weeks of the previous two years.
of looms in Blackburn is 58,441, of which at least 9,780 are
Alexandria, Egypt,
stopped, or almost a sixth. There were but 40,000 looms in the
1879.
1878.
1877.
Sept. 11.
town in 1864, so that in 15 years there has been an increase of
short time two
more
over 18,000. At Burnley there are 102 mills and sheds with about
Receipts (cantars*)—
33,000 looms, of which 5,555 are not running. In the district of
This week
are 30 mills at which weaving is carried on.
The number of looms is 12,425, while in 1864 there were but
Accrington there
9,850.
Some manufacturers state that the only alternative to
closing of their concerns is another 10 per cent
the absolute
reduction. The hands state that this wiU really mean a
reduction of 30, and in some cases 35, per cent.
Bombay
total
1,000
1,000
Since Sept. 1
Exports (bales)—
To Liverpool
To Continent
This
Since
This
week
Sept. 1.
week
250
250
500
6,000
10,000
8,000
15,000
Since
This
Since
Sept. 1. week Sept. 1.
500 2,000
500
2,000
500
Shipments.—According to our cable dispatch received
Total Europe...;
250
250
500
500 2,500
2,500
to-day, there have been
bales shipped from Bombay to
A
cantar
is
98
lbs.
Great Britain the past week and 3,000 bales to the Continent;
This statement shows that the receipts the past week have been
while the receipts at Bombay during this week have been 3,000
1,000 cantars, and the shipments to all Europe have been 250 bales.
bales. The movement since the 1st of January is as follows.
Manchester Market.—Our market report received from
Manchester to-day (Sept, 12) states that there has been no change
These figures are brought down to Thursday, Sept. 11,
*
THE
284
CHRONICLE
during the week in the prices for either shirtings or twist. We
We leave previous
last week’s quotations,
comparison.
therefore repeat
weeks’ prices for
1879.
[VOL. XXIX.
Aug. 22.
d.
8I1 lbs.
Shirtings.
d.
s.
July 25
834@9J4
1
8%@9i4
8%®914
6
G
6
6
6
6
6
G
Aug.
44
8
15
22
29
5
12
a
*
44
44
Sept.
44
834®9q
834rt>93g
87s®9 4
878®9l2
878®912
d.
Uplds
142® 7 4*2
1*2® 7 4*2
1^2® 7 4j2
1 L2®7
4*2
112®7 410
3
3
3
®7
®7
®7
d.
(»9i6
G9kj
6° 16
63s
d.
O5^
®8
3
1L2®8
1*2^8
1 *3® 3
lk>®8
0
0
0
69] 6
Gn^
Gn]6
Gibe
The tone of the Liverpool market for spots and futures each dav of
the week ending Sept. 12, and the daily closing prices of spot
cotton,
have been as follows:
Shirting
d.
s.
G
s.
®9*8 G
87a®912 G
878®912 G
8 7s ® 9 *2 6
3
Uplds
d.
4 lo
s.
4i2®S
4*2 ®8
4V®8
S78®9y3 G
9
69ie
61316 834®b38 G
G13i(j 831^1)38 G
6i3lft 834®938 G
G
6
Cott’n
Mid.
814 lbs.
Cop.
Twist.
<1
d.
s.
32s
d.
G9ig
1*2
&c.—Bagging continues to sell freely
demand is to be noted for large lots.
Prices are very steady, and holders still quote 9c for If lbs il$c.
for 2 lbs., and I0|c. for
lbs., but these figures would be shaded
for a round parcel.
Butts are not offering very freely and the
stock is becoming smaller.
'1 here is a fair inquiry and the sales
are 2,000 bales from store, for which 2 9-lGra2|c. were the
figures
paid, ami 4,000 bales, ex ship, at a private figure, but probably
,
about 2 7-16c.
r! here have been no arrivals the past week, and
the close is firm at 24(a2fc., according to quantity and quality.
Cables from Calcutta quote an advancing market.
of
Cotton from New York this
49,000
4,000
4,000
period of the previous
same
Exports
of
Exported to-
week show
Iiverpool
Aug.
Aug.
Sept.
20.
27.
3.
6,325
3,500
Other British ports
Total to Great Britain
5,618
300
|
6,600
6,849
4,814
9,296
Mid. Upl’ds
Mid. Orl’iis.
01316
<31516
4,814
9,296
4,8G1
194
311
130
441
93
194
311
Bremen and Hanover
7.000
10,000
Spec. & exp.
1,000
1,000
678
7
7
7,000
1,000
8,000
2,000
Quiet.
61316
61516
6I3i6
61°16
6,000
7,000
1,000
1,0L0
but
Firmer.
Dull.
Firmer.
Firmer.
steady.
d.
I
Delivery.
6}3i6 I Oct.-Nov
Oct
6ih6
611ie
Sept.-Oct
d.
Delivery.
65i6®1,32 Sept
Nov.-Dee..
6*8
d.
GSooo'SJis.ft
Feb.-Mar
T.Giie
Monday.
Delivery.
Sept
Sept.-Oct
Delivery.
62"32
6'k'®,2332
Oct.-Nov...... 61132'® 3s
Delivery.
Nov.-Dee
6532.
Tuesday.
Sept
Sept.-Oct
Delivery.
62732
62232
61132
Nov.-Dee
Feb.-Mar
Oct.-Nov
G&32
G332
G3g
Delivery.
Sept
678
Dec.-Jan
Jan.-Feb
6332
130
441
Delivery.
93
Sept
Sept.-Oct
Delivery.
62732
.611!6®2332
Oct.-Nov.... -65ig'*>1132
..
Nov.-Dee
Jan.-Feb
G^g
Delivery.
Sept.Det
-GIIiq
Oct.-Nov
65i6
d932
69io
Dec.-Jan
Oct.-Nov
Gx8
Thursday.
Sept
19
Oor
668
Oct.-Nov
-6332
Delivery.
Sept.-Oct
Sept.-Oct
Oct.-Nov
Friday.
J
Deliver')/.
Total Spain, &c
Sept.-Oct... G^s®19^
'10,019
total
5,937 13,760
4,944
9,737
1,954
Oct.-Nov
The Following are the Receipts of Cotton at New Y rk,
Boston, Pniiadelphia and Baltimore for the past week, and siuce
635
4,019
2,230
|
Since
Sept. 3.
Philadelphia.
Boston.
j This Since
j week. Sept. 1.
This
week.
Baltimore.
1
Since
This
Since
Sept.l.
week.
Sept. 1
I
’’I
108
108
349(
...
27S
586
Virginia..
North.p’ts
Tenn., <fcc.
Foreign
......j
131';
579
49
691
1
1
307
582
55 G
556
243.
243
..
1
This year.
8,363
11,983
Last year.
9.056
19,424' 1,619
154j
i
82
j
'
799
799
1,619!
190
190
634
900
900
1211
124
tone and slow in trade ;
Total bales.
4,814
130
949
8
137
6,038
particulars of these shipments, arranged in
our
usual form,
follows:
Liverpool.
4,814
Total....
Cotton Freights remain
Bremen.
*
....
137
5,900
....
130
Total.
4,944
949
Baltimore
Boston
Havre.
130
8
....
8
Gips
.(Pie
.
increasing activity for the com¬
higher
firmness and less depression.
by the speculation in wheat, which
keeps the price of the grain higher than its product. A
131/
considerable portion of the receipts are in bags on through
154 shipments for export. Rye flour and corn meal are very firm,
but not materially higher.
To-day the market was again
buoyant, with sales of common extras at $4 40@4 75.
634
The wheat market opened the week somewhat depressed in
night of this week.
Total.......
shown
Production is held in check
the same exports reported by telegraph, and published in
The Chronicle, last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
949
8
137
6,038
unchanged at last week’s figures.
Liverpool.—By cable from Liverpool, we have the following
atatement of the week’s sales, stocks, &c., at that port :
Mar.-Apr
and medium grades, at advancing prices, and the
grades, though quiet, show
are
New York
New Orleans
The flour market has
349
Shipping News.—The exports of cotton from the Uoiiec
States the past week, as per latest mail returns, have reached
6,033 bales. So far as the Southern ports are concerned, these
New York—To Liverpool, per steamers European, 1,523
Gal¬
lia, 388
City of Montreal, G09
The Queen, 1,039
Wisconsin, GOO
City of Berliu, 655
To Havre, per steamer, Labrador, 130
New Orleans—To Liverpool, per steamer Chilian, 949
Baltimore—To Bremen, per steamer Baltimore, 8
Boston—To Liverpool, per steamer Purthia, 137
6%
Nov.-Dee
Friday, P. M., Sept. 12, 1879.
mon
1,694
5,807
2,301
4
554
27
Delivery.
Sept
JREADSTUF F S
New York.
This
week.
G9:io® q
Delivery.
Sept
G2332-g)3i
Sept.-Oct
617:}o-Jz>916
Oct.-Nov
G^o® l4
®73‘2«)14
September 1, 1879:
Receipts
Gkt
Delivery.
’
6
G732^i4
638
Sept.-Oct
-•-<3
All other
are as
shade
easier.
Quiet,
Firm.
M.
Delivery.
Spain, Op’rto, Gibraltar, &c
The
Friday.
\
Delivery.
19
North. Europe
N. Orl’ans
Texas....
Savannah
Mobile
Florida...
S.Caroliua
N.Car’lina
Steady.
67e
Sales
Other ports
from—
26,000
The actual sales of futures at Liverpool, for the same week, are
given
are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
Hamburg
Grand
6,000
118,000
Wednesday.
Total French
to
205,000
11,000
4,000
12,000
10,000
6,000
131,000
26,000
£
Market
ket,
5 P .m.
Oct.-Nov
Total
678
7
Delivery.
5,918 13,449
Firm.
dearer.
4,861
9,825
Havre
Other French ports
341,000
below.. These sales
Same
Total to period
date.
previ’us
year.
Sept.
10.
2.000
379,000
237,000
A
Harden’g. fract’n’lly
p.m.
Sept...
1
19,000
38,000
4,000
Firmer &
Market,
12:30
5 P.
a
year.
ending—
21,000
6,000
6,000
176,000
22,000
48,000
4,000
34,000
6,000
4,000
1,000
Futures.
Cotton (bales) from New York since Sept. 1, 1879.
Week
427,000
297,000
50,000
Saturday; Monday. Tuesday. Wedn’sdy Thursd’y
Spot.
Market,
decrease,as compared with last wi ek, the total reaching 4,944
bales, against 13,700 bales last week. Below we give our usual
table shewing the exp erts of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1870, and in the last column the total
for the
60,000
2,000
42,000
6,000
4,000
417,000
266,000
47,000
9,000
4,000
132,000
4,000
6 *2
(iCNNY Bags, Bagging,
in- jobbing parcels, but no
The Exports
Sept. 12.
6 5s
61,000
....
32s Cop.
Twist.
Sept. 5.
4Lj
412
1878.
Cott’n
Mid.
Aug. 29.
Sales of the week.
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock.
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
more
shippers were inclined to hold off,
the
effect
abroad
of the large shipments in August,
awaiting
and the regular trade were inclined to anticipate a lower range
of values; but an active speculation sprang up for what is
termed “ outside account,” which caused an important advance.
Yesterday, the opening was buoyant, followed by a partial
decline ; but the market was firmer again after’Change, with an
active trade, including No. 2 Chicago spring, old and new mixed,
to arrive, $1 05; No. 3, new, $103, to arrive; No. 1 white, $113%
@113%, for Sept.; $1 13 for Oct., and $1 13%@114 for Nov.,
and No. 2 red $1 12%@1 13 for Sept., $1 12%@1 12% for Oct.
and $113@113% for Nov.
To-day there was renewed activity
and buoyancy, with large sales of No. 2 spring at $1 05@1 07.
Indian corn has met with a very active demand, and yester¬
day sold largely of No. 2 mixed at 47%@47M<l, on the spot
and for September; 47%@47%c. for October, and 48%@48%c.
for November. White corn is more plenty and does not retain
late extreme values, but round yellow is still scarce. The
weather is. rather cool for the maturing crop, but, except in
extreme latitudes, it is believed to be out of danger from frost.
To-day No. 2 mixed advanced to 47%c. on the spot, 47%c.
for October and 48%c. for November.
September 13
THE CHRONICLE
187L]
285
Rye has been active for No. 2 Western, large sales having
The visible supply of grain,
comprising the stocks in granary
September delivery at 65%c.(6)65;J£c. To-day, at the principal points of accumulation at lake and seaboard
the market was firm, and a boat load of No. 2 Western sold for ports, and in transit by lake, rail and canal, Sept 6, was as
follows:
the first ten days of October at 05%c.
Wheat,
Corn,
been made for
Barley remains nominal. Oats have met with a moderate
demand from the trade, but an improvement which took place
early in the week was followed yesterday by a partial decline
and a dull business. To-day the market was
steady, and No.
2 graded quoted at 33/sc. for mixed and 34c. for white.
The following are closing qotations :
FLOUR.
No. 2
Superfine
Western
3 85®
415
4 40® 4 05
Extra State*, &e
Western spring wheat
extras
do XX and XXX...
Western winter ship¬
4 35®
4 85®
ping extras
Corn meal—
Western, &c
Brandywine, &c....
No. 2 spring
Amber winter...
Red winter, No. 2
4 75
5 75
White
$1 00
4 50® 4 85
4 90® 5 75
5 25® 7 25
4 50® 5 40
®1 03
®1 07
®1 14
®1 13*2
®1 15
®1 I4q
1 05
108
1 13
1 09
114
No. 1 white
Corn—West, mixed
do XX and XXX...
Minnesota patents...
City shipping extras.
Southern bakers’ and
family brands
South’n sliip’g extras.
Rye flour, superfine..
Wheat—
No.3 spring, # bu.
4034®
47 ^ @
Western No. 2...
Western Yellow..
Western White...
48
53
05
07
31
33
Rye—West’11, No.2.
State and Canada
Oats—Mixed
5 40® 0 00
4 80® 5 20
3 00® 3 90
Barley—Canada W
2 10® 2 50
2 05® 2 75
State, 4-rowed
State, 2-rowed
Peas—Can’da,l).&f.
White
bbls.
(190 lbs.)
At—
Chicago
Wheat,
bush.
'60 lbs.)
Corn,
bush.
(50 lbs.)
37,894 1,092,003 1,959.450
305,530
20,000
1,016,957
194,770
0,113
435,085
5,121
3,280
96,900
20,700
40,817
787,160
74,325
1,544
28,950
103,860
3,900
152,293
21,974
Milwaukee
Toledo....
Detroit
Cleveland
St. Louis
Peoria
Duluth
18.706
Oats,
48*2
®
57^3
®
05 *2
®.. 08
34
®
®
®
®
®
®
70
Barley.
bush.
47^4
®
Receipts of flour and grain at Western lake and river
for the week ending Sept. 6:
Flour,
Do.
bush.
afloat (est.)
Albany
Chicago
Milwaukee
Duluih
38
.
Indianapolis
Kansas City
Baltimore
On Canal
Rail
Aug. 23, ’79
Aug.
Sept.
2,512,454
000,000
759,680
150,000
09,000
75,000
1,253,091
9,749
400,347
35,433
3,230.841
20.349
12,990
309,773
4,905
120,888
700
2,000
291,000
1,744
41,320
102,400
275,932
190,789
39,200
36,050
39,141
447.490
503.314
355.907
2,117,542
1.240,910
bush.
156,458
*
"6,200
129,036
139,318
4
i’,5*00
40,203
117,000
18,738
6*606
86
18,000
11,535
19,526
"
sibbo
105,831
479
39,784
27,302
342
”8,335
44,207
15.200
4,845
3,646
11,700
162.000
475,947
151,483
76,299
31,450
175,090
13,003,518 2,704,134
13,164,508 2,492,897
12,582,429 2,279,174
12,140,032 1,824,031
501,209
355,222
300,498
THE D dY GO JDS
(32 lbs.) (48 lbsj
56lbs.)
389,633 120,418 124,689
25,300 133,780 30,075
90,911
11,239
7,431
4,811
357
37,600
1,100
900
105,831 22,240 17,005
26,107
1,028
300.311
9,’79...... 15,189,59411,430,314 1.914,487
318.424
7, ’78
12,601,249 11,362,411 3,943,898 1,555,814
bush
Rye,
bush.
’
165,510
3,150
25,000
lu5,83l
49,714
290.000
377,591
1,500,000
Barley,
’
804.374
17,045,773
15,748,775
15,966,899
16,026,837
Aug. 16, ’79
bush.
193,332
1,872,104
2,800,000
shipments...
Lake shipments..
Rjre,
bush
990,391
150,458
09,844
52,001
Peoria
Total.
ports
1,100,000
Philadelphia....
Aug. 30, ’79
85
2,087,953
185,923
1,018,339
452,314
105,000
Oswego
St. Louis
Boston
Toronto
Montreal (30th)
Oats,
bush.
12,000
278,051
1,155.081
292,829
Buffalo
Toledo
Detroit
GRAIN.
$ bbl. $3 00® 3 G5
State and
In Store at—
New York
937,191
701,262
797,180
493,906
479,114
977,056
T ^ADE.
Friday, P. M., Sept. 12, 1879.
There
was an
undercurrent of activity in all branches of the
dry goods trade during he past week. The jobbing trade
buoyant, and a very iberal distribution of staple and
department goods was made by all the leading firms. The
121.800 35,000 31,700
cotton goods commission houses effected a fair amount of new
Total
112,314 3,975,183 2,100,200
784,500 317,349 210,025 business, and their deliveries on old orders reached an important
Previous week. 124,004 3,480,274 2,492,250 1,081,912 152,259
215,448
Same time ’78.. 107,899 3,090,045 2,880,015 1,238,213
spring-weight woolens was
401,975 251,739 aggregate. More inquiry for
manifested by the clothing trade, and fair orders were
Total receipts at same ports from Jan. 1 to
placed
Sept. 6, inclusive,
for four years:
for cassimeres, worsted
coatings,
future delivery. In
&c.,
for
1879.
1878.
1877.
1876.
foreign goods there was a freer movement from the hands of
Flour.
.bbls.
4,341,739
3,751,031
2,777,041
3,505,210
importers
and jobbers, and considerable quantities of dress
Wheat
bush. 55,674,958
52,139,653
19,433,960
32,188,101
Corn
68,353,940
70,929.108
59,058,599
50,409,655 silks, velvets, dress goods, &c., were disposed of through the
Oats
21,505,113
21,885,408
14,430,934
17,156,075 auction rooms to fair advantage.
Prices were generally steady
Barley
3,013,124
3,940,120
3,317,289
3,430,208
Rye.
2,896,353
3,283,487
1,767,158
1,307,003 in first hands, but some irregularities were developed in the
Total grain.... 151,443,488
152,183,830
96,013,960 110,551,642 jobbing quotations for prints, some makes of which were
offered at low and unremunerative prices.
Total receipts (crop movement) at the same
ports from Aug. 1
to Sept. 6, inclusive, for four
Domestic Cotton Goods.—The exports of cotton
years:
goods from
1879.
1878.
1877.
this port during
1870.
week
he
ending
September
9
were 1,523
Flour
bbls.
554.372
723,874
543,799
509,442
packages,
including
862
to
Great
Britain,
*55
to
Brazil, 75 to
Wheat
hush. 16,409,190
18,132,006
9,142.455
5,743,903 British East Indies, 69 to
Corn
Hayti,
60
to
China,
49
to
Mexico,
48 to
15,325,833
18,425,010
11,991,004
14,055,307
Oats
5,443,225
7,324,307
3,791,007
3,321,907 Argentine Republic, 40 to British West Indies, 39 to Peru, &c.
Barley
588,722
1,015.239
598,107
402,709
There was a steady hand-to-mouth demand for most seasonable
Rye
1,114,514
1,224.17S
827,231
309,537
makes
of cotton goods at first hands, and liberal sales were
Total grain
'40,881,781
46,121,400
29,339,864
23,903,593
Comparative shipments of flour and grain from the same effected by jobbers. Brown sheetings were in good request,
but a trifle easier in some cases, and such makes as
ports from Jan. 1 to Sept. 6 inclusive, for four years:
Atlantic,
1879.
1878.
Indian Head, &c., were subjected to a slight reduction in
1877.
1876.
price.
Flour
bbls.
4,710,466
3,951,051
2,923,941
2,757,190 Bleached and colored cottons
continued in steady demand and
Wheat
..
continued
....
,
....
,
bush.
Cora
Oats
49,314,136
51,453,096
10.930,003
2,722,805
38,439,042
59,552,544
14,383,385
1,709,527
2,440,211
130,861,939
116,585,309
83,347,023
60,829,^77
15,780,874
2,214,187
Barley.
Rye
Total grain
17,926,165
2,341,580
1,589,539
30,250.299
52,28 ,988
14,586,470
1,382,851
1,130,017
99,442,331
Rail and lake shipments from same ports for the last four weeks:
Week
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
ending—
bush.
8ept.
....
bbls. 138,367
155,881
130,365
6
Aug. 30
Aug. 23
Aug. 16
134,847
bush.
2,620,850
2,555,390
2.438,317
bush.
1,602,817
2,387.109
2,912,300
2,075,032
1,982,877
bush.
627,430
600,209
bush.
37,327 209,540
37,780 181,307
19,165 304,065
8,263 90,994
564,797
635,335
Total, 4 wTcs. 559,460 10,289,601 .8,885,169 2,427,771 102,535 785,906
Tot.4 wks’78 457,559 10,673,816 9,130,771
3,823,558 152,256 598,929
Receipts of flour and grain at seaboard ports for the week
ended
Sept. 6:
Flour,
At—
New York
Boston
Portland
Montreal
bbls.
Wheat,
Corn,
bush.
bush.
Oats,
bush.
112,124 2,271,492 1,327,014 379,355
51,891
3,200
Philadelphia
Baltimore
New Orleans..
149,763
14,351
570,988
12,050 521,550
23,475 1,118,900
10,794
13*7,045
Barley,
bush.
84,301 124,371
5,200
1,500
322,130
6,824
91,150 94,800
203,750 32,000
13,868
0,145
Rye,
bush.
1;100 139,586
4,300
1,700
.
10,075
2,000
Total week
Previous week...
Cor. week’78....
Cor. week ’77....
228,485 4,769,743 2,047,413 544,995
7,100 151,961
260.064 4,916,687 2,031,021 571,066
5,430 64,095
217,95 • 4,083.282 1,867,446 750,514
9,000 136.708
188.330 1,394,707 2.637,364 502,596 30,865
180,069
And from Jan. 1 to Sept. 6, inclusive, for four
years:
1879.
Flour
bbls.
Wheat
bush.
Corn
Oats
Barley
Bye
Total
1878.
6,855,623
1877.
5,894,062
1876.
4,607,519
6,266,005
86,u 18,430
13,035,571
60,577,927
12,163,579
2,644,052
62,427,763
78,717,478
15,601,214
2,483,515
3,117,901
1,209,889
29,43.3,858
61.392,233
16,567,673
2,791,419
484,611
183,816,123
162,347,871
89,269,816
110,669^824
78,341,874
15,012,329
1,769,438
.
2,172.850
firm in most instances.
Print cloths
quiet and a shade
4@4/6c. for 64x64s and 3/£@3 9-16c. for 56x60s.
Prints were in irregular demand at first hands, and there was a
steady movement in ginghams and cotton dress goods.
lower,
were
say
Domestic
Woolen
Goods.—There
slightly-improved
descriptions of woolen goods, and business in
this department (though not active) was fair for the time of
year. Heavy woolens for men’s wear were sought for in
moderate parcels for the renewal of assortments, and increased
attention was bestowed on light-weight fabrics by the
early
clothing trade. Cassimeres and cheviot suitings were in moderate
request, and considerable deliveries were made by agents in
execution of old orders. For over-coatings there was only a
limited inquiry, but all-wool and cotton-warp beavers met with
moderate sales. Cloakings and repellents were in fair request,
and satinets sold moderately well, but Kentucky jeans ruled
quiet in first hands. Flannels and blankets were taken in
moderate parcels by package buyers and the jobbing trade in
these goods was quite active. Shawls and skirts were devoid
of animation, but there was a very satisfactory demand for
staple and fancy worsted dress goods.
Foreign Dry* Goods.—There was a fair demand at first hands
for imported goods, and the jobbing trade continued active.
Cashmeres were distributed in liberal quantities, and special¬
ties in fancy dress goods found ready buyers. Black and col¬
demand for
was
a
some
ored dress silks
were
in fair request, ana satins, velvets and
millinery goods continued in good moderate demand. For
linen and white gODds there was a somewhat lessened inquiry,
and Hamburg embroideries and laces were only in moderate
request. Prices of the most stable fabrics were steadily main¬
tained, and stocks
are
well in hand
as
the rule.
286
THE CHRONICLE.
GENERAL
.©
ft ton.
City, thin oblong,bags
Western, thin oblong (Dom.).
27 CO © 27 50
44
PETROLEUMCrude, in shipping order
ASHES—
Pot, aarorted..:
ft ft.
4k a
BREA.DSTUt'f 8—8ee8Decial report.
JB ULLDING MATERIALS—
Bricks—Common bard,afloat..V M 3 25 ©
Creton
4
UO ©
■C&ment—Rosendaie
V bbl.
Lime—Rockland common....V bbl.
Rockland, finishing
22
tally boards, com.to g’d,each.
35
35
75
flBruce boards & planks, each
Hemlock boards, each
Maple
V M. ft.
•Sails—10@60d.ccm.fen.& eh.ft keg
20
2
©
© 45 00
© 45 00
©15U 00
25
©
16
©
45
00
©
©
© 5 6C
© 5 CO
© 2 46
©
©
7
6k
3
1 25
BUTTER— ('Wholesale Prices;—
State, palls & tube, fair tochce.ft ft.
West’n creamery good to prime
■Welsh, State, fair to choice....
Western dairy, fair to choice..
12
16
12
10
“
“
“
CHEESE—
Btate factory, fair to prime
Ohio flat,fairtoflne
COAL-
©
©
©
ft ft
44
14
7
8 CO
•
•
D.L.&W.
Auction.
Aug. 27.
Hoboken.
Schedule
.
New-
burg.*
•fit’mb... *2 .0
Auction.
Au*. 13.
Weehawkea.
$
..
Grate.... 2 20
|2 01X&2 \2X
2 25
2 15
2 S7X<$2 40
2 20 @2 TlX
Egg
D.& H.
2 CO
2 12*
2 32*
i
§ L. A W.
Schedule.
Port
Johnst’n.
$1 20
2 20
2 30
Btove.... 2 £0
2 50
Ch’nut... 2 33
2 33
*
50 cents additional lor delivery at New York.
§ L. & w. quotations are for Wilkesbarre coal.
CuFFEE—
Rio, ord. car
do fair,
do
do
do
good,
prime,
ft ft
Vki
14V4
n*
15
“
14X4
15 kit
25*
“
do
do
“
...
Java, mats
Native Ceylon
Mexican
t
Jamaica
Maracaibo
“
i\
44
**
“
“
Laguayra
“
14
14
12
12
13
“
“
1
12
14
fit. Domingo
fiavanilla
Costa Rica
COt'PER—
©
®
16
15 M
15
17
\0'X
i
<3
©
ft
ft.
Sheathing, new (overl2 oz;
Braziers’(over 16 oz.)
....©
FiSHGr’d Bk.& Seorge’B (new) cod.ft qtl.
3 75
o
(3
Mackerel,No. 1, tf. shore
pr.bbl.
Mackerel, No. 1, Bay..
Mackerel,No.2 Mass.shore
5 03
Mackerel. No. 2, Bay
<3
44
44
ft ft
44
“
Raisins,Seeaiese, per SOlb.irall
do
Layers
a
©
3 £0
1 5!X&
1 62>$©
do
Loose, l crown
do
Valencia, new
Currants
Citron
Prunes, Turkish, new
do
French
Dates
Figs, new
«.
....<3
43^3
A
6%a
ft
case.
So
do
do
...
ft ft
quarters (no new)
State, sllctd,
do
quarters,
Peaches, pared, Ga., good to ch’ce..
do
unpared halves and qrs...
unpare
Blackberries (new).
Raspberries (new;
Cherries, pitted, ary mixed (new)..
Plums, St .ate....
Damsons
do
Whortleberries (new)
15*
11M
17
17
&
5
Q
©
a
a
13
5 50
1C%@
11
5
a
@
4
a
3*®
9
4
8
22
IS
®
6%^
6M©
2% *
7%
7*
8%
6
6%
©
44
Manila, sup. and ex. sup
Batavia. Nos. 1U@12
Brazil, Nos. 9@ll
Refined—Hard, crushed
Hard, powdered
do granulated...
cut loaf.
“
9 -1®
9%
©
©
©
©
©
4 50
-‘•Md
7% a
7% a
7%©
8M
7%
NEW YORK,
....©
5%
6%
7%
44
6
44
44
44
44
44
7M4
5% 3
5%
6H
7H
44
,....
44
©
1 55
1 65
PHILADELPHIA,
J. W. DAYTON. 230 Chestnut Street.
IX
7M
TALLOWPrime city
ft ft.
WOOL-
£3
ft ft
S3
...
16
7%
15
16 *
i6M
11
Head
28
24
17
15
25
26
25
28
13
Burry
.*
South Am.Merlnc, unwashed
Cape Good Hope, unwashed
Texas, fine. Eastern
Texas, medium, Eastern
Smyrna,unwashed
STEAM.
-
8.
d.
*.
©
©
3-16.Q
8 9
@26
2J 0
©32 6
6j/4©....
6)4©
6*
•
3AI-
•
i-22
Wheat, bulk & bagB..
©
©
•
.
4 0
©....
C ©m MISSION
AND
.V
6
5
5
5
13
5
8*
80
20
Prices,
4^
<a 52 oo
©
12%
© 50 00B
..77
Cuba, clayed
Cdba, Mus., 50 test
20
27
••
Demerara
“
“
Porto Rico
“
do
50 test
N. O., com. to choice
“
23
27
"
©
©
©
©
©
©
U
ft bbl 170
44
“
173
a
®
....©
vfiplrits turpentine
..ft gal.
Rosin, strained to goodstrd.ft bbl. 1 25 ©
“
1 85 ©
low No. 1 to good No. 1
“
«•
1 37^*
low No. 2 to good Ho 2
“
•*
low pale to extra pale., "
3 12E®
••
4 50 ©
window glass
••
OILS—
80 ©
ft gal.
Cotton seed, crude
S3
23
40
28
86
1 80
1 80
1 90
MX
'
Olive, in casks ft gall
Linseed, casks and bbls
Menhaden, crude Sound
Neats!oot, No. 1 to extra
“
44
“
Whale,bleached winter
Whale, crude Northern
44
44
Sperm, crude
Sperm, bleached winter
“
44
44
MERCH A‘N T S
SHIP
AGENT
John Dwight & Go.,
MANUFACTURERS OF
6?>4
6*
iS>
59 Wall St., N. Y.
Hong Kong, Canton, Amoy, Foochow
Shanghai and Hankow, China.
....
,,,
6 0
4 0
d.
8.
•
23
27 6
Corn.b’lk & bgs. ft hr.
.4
©
d.
e.
•
©
@
©
Jb’..
Russell & Co.,
23
32
26
20
17
28
31
28
30
©
©
©
r——
,
d.
S. W POMEROY
ijj
«.•
©
SiPE K-CARBOKATE
....
OP
©,...
SODA.
Financial.
No.
S.
E.
The
Bailey,
PINE
11
Old
Slip,
New
York1
Jobbing Trade ONLY Supplied.
STREET.
Insurance.
Dealings In
Stocks
Insurance
A
MARINE AND INLAND INSURANCE.
OFFICE
SFECIAf.TY.
Cash paid at once for the above Securities'; or
will be sold on commission, at eller’s option
Wm. F. Owens.
Geo. A. Mercee.
Member. N. Y. Stock Exchange.
Owens &
Mercer,
AND COMMISSION STOCK
Co.,
No. 16 Broad St. (near
AND
STOCK
Wail),
BROKERS.
Stocks bought and sold on the NEW YORK STOCK
EXCHANGE on a margin of 3 percent, if desired
Equal attention given to small and large investments.
Any information given f crsonally or by mall. Firstclass references.
Commercial
TRUSTEES.
George Mosle,
Edward F.
Davison,
Henry DeB. Routh,
E. H. R.
Lyman,
Hugh AuchinclOss,
Lawrence Wells,
William Pohlmann,
Alexander Hamilton,
Constantin Merelae,
Carl L. Recknagel,
W. F. Cary, Jr.,
Carl Vietor,
Ramsay Crooks,
Arthur B. Graves,
H. L. Chas. Renauld,
Alex. M. Lawrence,
John D. Dix,
Charles Mnnzinger,
Walter WatsoD,
Ernesto G. Fabbri,
Henry E. Sprague,
John Welsh, Jr.,
Lewis Morris,
Chas. F. Zimmermann,
Theodore Fachiri,
C. L. F. Rose,
Wm. S. Wilson,
F. Consinery,
Gustav Schwab,
.
George H. Morgan,
L. M. CalvocoressL
EUGENE DUTILH, President.
Cards.
BrinckerholT, Turner
&
Assets, 31st December, 1878,
$1,123,270 63.
Henry R. Kunhardt,
H. F. Gilbert &
BANKERS
Mutual Insurance Co.
BROKERS,
7 Exchange Court and 52 Broadway.
Interest allowed on deposits, to be drarwn at will.
Also, Contracts made and carried in New York
Cotton and Produce Exchanges. We issue a Daily
Letter which will be sent on application.
OF THE
ORIENT
they
BANKERS
ft ft
12
8heet, Russia, 8 to 14
Ralls, American, at tide-water
47 50
Steel rails, American, at tide water. 52 00 ©
13
26
23
20
NEEDLES.
BROADWAY, NEW YORK.
Hong Kong & Shanghai
Banking
Corporation,
Office, Hong Kong.
41
42
45
-9
2U
Fair
Interior
ft fee.
* b f.
©
34
American,Combing and Delaine
Extra,Palled City
No.l, Pulled
California, Spring ClipSuperior, unwashed.....
..
400
HELIX
AGENT
American XX
American, Nos. 1 & 2
Beel
{QCSjf]
miLWARD’S
“
FREIGHTS—r
10 Livkbpool:
Colton
.ft ft.
Flour
ft bbl.
Heavy goods, .ft ton.
George A. Clark & Bro.,
AND
8<*®
>1
Yellow
7%
4*
2150 © 24 CO
ft gal.
15 Chaonost St.
6%
8
“
—
*
5 75
© 22 00
© 2) 00
MOLASSES—
BOSTON,
'
43 & 45 White Street.
6% a
6%d
e%®
7% 3
.......
tt
7
21 00
19 00
©
Drawers
From Various Mills.
44
do
off A
White extra C
Extra C
16%
None here.
None here.
©
12%
Store
10
6-05
Melado
@
4
Bar,Swedes, ordinary sizes... ft lb
Bar refined, Eng. and Amer.per ton. 56 00
I*rd oil. Nos. 1 and 4
9% a
Centrifugal, Nos. 7@13
24
© 28 00
Pig, Scotch.,
NAVAL 8TOKKSTar, Washington
Tar, Wilmington
.Fitch. city
12 10
17 23
Shirts and
21
ft ton. 52 00
Pig, American, No.2
Pig, American, Forge
Barbadoes
&
0
<8
Hosiery.
“
12
IRON--
Plg.Amerloan, No.l
10
16
Apniaa, Southern, siloed (new).ft ft.
to
© 11 CO
6-GO
refining....ft ft.
'FRUIT—
<}ent«n Ginger
Sardlfles, ft naif l ot
.Sardines, ft quart ir box
Macaroni, Italian
Domes* c Di'ied- ~
AND
10 25
11 50
17 00
5*(.5
21
••••©
'M a
I
American ingot. Lake
/COTTON—See special report.
FOR
Ullerton New mills,
Atlantic Cotton mills,
©
“
44
“
44
Pork
Bolts
AGENTS
Washington IVIillg, Cliieopee !Ufg CoM
Burlington Woolen Co..
Saratoga Victory mfg Co,t
44
44
Coflee, A, standard
....
•
8 75
ft bbl.
44
Fair
Good refining
Porto hico, refin., fair to prime
Boxes ciayed, Nos. 10©12
do
Anthbacitk—The following will show prices at
last auction or present schedule rates; the names im¬
mediately above the figures indicate the places of
Penn.
s
SUGARInferior to common
1 10
©
1 00©
44
ft ft.
Louisians, fjir to prime
44
...ft 10C ft
Rangoon, lu bond,
9*
17
13
©
Naphtha .City, bbls
....
Carolina, fair to prime
*k
©
©
©
6 ©
5 k»
10
E. R. Mudge, Sawy er&Co
RICE—
....
9
5*
“
44
Beef, extra mess
Beef hams,Western
Bacon, West, long clear
Hams,smoked .,
Lard, City steam,
SO
©
Cases...,
Refined
Pork, prime mess, West
Beet,plain mess..-
© 60 00
© 22 00
5
ft gal.
PROVISIONS—
Pork, mess,spot
Pork, extra prime
©
4 25
Paris white.Ent.Clifts one ft 100 ft.
7 00
©
©
3d fine...
faints—Ld., in oil, com., price. V ft.
Lead, dry, combination, price....
Zinc, oxide, dry
Zinc, French, green seal
4V
9 50
© 26 00
00
90
70
90
00
00
22
00
00
00
13
14
00
75
40
18
delivery:
Commercial Cards.
OIL CAKE—
PRICES CURRENT
do
[VOL. XXIX.
ALFRED
OGDEN, Vice-President.
CHARLES IRVING, Secretary.
ANTON METZ, Assistant Secretary.
Co.,
fManufacturers and Dealers In
COTTON SAILDUCK
And all kinds of
OF NEW YORK,
IF.S.WINSTON, PRESIDENT.
COTTON CANVAS, FELTING DUCK, CAR COVER
ING, BAGGING, RAVENS DUCK, 8AIL TWINES
35
95
62
29
45
45
4)
73
90
©
©
©
©
1 00
©
©
©
©
41
©
46
42
75
93
46
64
£0
70
&C.
44 ONTARIO ’ SEAMLESS
BAGB,
“AWNING STRIPES.’
LIFE AND ENDOWMENT POLICIES
0N.T&RMS AS FAVORABLE AS THOSE OE
Also, Agents
United States Banting:
ISSUES EVERY APPROVED DESCRIPTIONOF
.
Company.
A full supply all Widths and Colors
always in stock.
No. 109 Duane Street*
ANY
OTHER COMPANY.
APRIL 12th 1842.
ORGANIZED
@FedFRASER