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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
29.
YORK, SEPTEMBER
Financial.
Financial.
Anversoise,
R. A. Lancaster & Co.,
BANKERS AND BROKERS,
66 BROADWAY, NEW YORK,
Co.,
DEALERS IN
Antwerp.
Paid-lJp Capital,
N. PHELPS,
,„„
james stokes,
BANKERS,
'
ANSON PHELPS STOKES.
45 WALL ST., NEW YORK.
I.
9,000,000 Francs.
- -
DRAW
BOARD OF DIRECTORS :
Felix Gbisab,
President.
Maquinay (Graff* Msqulnay). VlcePrei
Yon skr Hkckr (N. Von der iiecke).
Otto Guntqer (Cornellle-Davld).
K.MII.K DR GOTTaL.
Ad. Frank (Frank, Model & Cle.)
Aug. Nottrbohm (Kottobohm Freres).
Fa. Dhanib (Mlchlels-Loos).
Joh. Dan Furrxann, Jb. (Job. Dan. Fuhrmann.).
TRANSACTS
GKNEUAL BANKINC
ASA
P. Potter, Prest.
&
EDDY,
J. J.
i.
TRANSACT GENERAL DOMESTIC AND FOREIGN BANKING BUSINESS.
Cashier.
J.
No. 63
GOVERNMENT BONDS.
Special attention given to
COLLECTIONS, and
prompt remittances made on day of payment.
Boston business paper discounted.
dence invited.
Hatch
&
BANKKltS, No. 12
Correspon-
Foote,
WALL STREET
RAILROAD A MISCELLANEOUS SECURITIES.
Bought and Sold on Commission.
Virginia Tax-RecHvabU Coupon* Bought.
SOU1EERJT SECURITIES A SPEC1AL1Y.
LOANS NEGOTIATED.
Interest allowed on Deposits.
CAROLINA STATE BONDS.
Hilmers,McGowan & Co
BROKERS
IN
FOREIGN EXCHANGE,
63 Wall Street,
(P. O. BOX
WILLIAM STREET,
New York.
2.S47.)
Special attestton paid to the negotiation of
merclal sills.
New York,
BUT AND SELL
BOSTON,
IN
Co.,
Bankers and Merchants,
Maverick National Bank,
DEALERS
&
Kennedy
S.
First-Class Investment Securities.
GOVERNMENT BONDS, STATE. CITV, COUNTY,
ty SPECIAL ATTENTION GIVEN TO
FUNDING VIRGINIA AND NORTH
Buy Com.m kuci a Paper and Bills of Exchange
Cle.)
A
BUSINESS.
BILLS ON LONDON.
MAKE CABLE TRANSFERS.
Ai.KKr.ii
J. B.
Louis Wkbkb (Ed. Weber & Cle.)
Julrs Rautensteaucu (C. Schmld
&
Phelps, Stokes
742.
Financial.
Banque
Centrale
NO.
13, 1879.
RAILROAD INVESTMENT SECURITIES;
Collect Coupons and Dividends
Gilman, Son
;
NEGOTIATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.
AH business relating to the Construction and
Equipment of Railroads undertaken.
62
&
Com
Co.,
BANKERS,
CEDAR STREET,
In addition to a General Banking Business, buy and
•ell
Government Bonds and Investment Securities.
WAL6TOS
H.
FRED. A. BROWN.
BROWN.
Walston H Brown & Bro.
.
BUT AND
8KI.L
OOVKRNMENT BONDS, GOLD, STOCKS AND
MISCELLANEOUS SECURITIES.
A. H. Brown
&
Co.,
bankers and brokers,
T Wall St., Cor. New, New Vork.
INVESTMENT SECURITIES.
Special attention to business of country banks.
Gwynne & Day,
f£3tablislicdlS54.]
No. 45 Wall Street,
Transact a general banking and brokerage buslcsa in Railway Shares and Bonds and
ecurities.
Interest allowed on deposits.
Investments carefully attended to.
Government
Sand, Hamilton
COMMISSION.
COMMERCIAL PAPER NEGOTIATED.
R. T. Wilson
Issue Commercial and Travelers' Credits available
Draw Time and Sight Bills
on the Union Panic of London, and on the Credit
Lyonnaia, at Lyons or Paris. Make Cable Transfers.
In all parts of the world.
Charles G. Johnsen,
DIHKCIIANT AND
It
V\ UI.lt,
188 URAVIEK STREET,
•»
R
«JT
o R L E A N
>
,
LA.
Co.,
L.
Grant,
BROADWAY,
NEW YORK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND BOLD.
WILL STREET, NEW YORK,
IX
&
BANKERS AND COMMISSION MERCHANTS
2 Exchange Court, New York.
H.
BANKERS,
Co.,
York.
11
BANKERS AND BROKERS,
SPECIAL ATTENTION GIVEN TO THE NKGOT1A
2 Nassau Street, Now York.
TION OF
STOCKS AND BONDS BOUGHT AND SOLD ON
RAILROAD SECURITIES.
No. 145
Kountze Brothers,
&
BANKERS,
Pine Street, New
See quotations of
C'.ty
Railroads In this paper.
H. W. Rosenbaum,
'.*
51
Exchange Place,
BUYS AND SELLS
RAILROAD BONDS A\D STOCKS.
Trask
&
Francis,
BANKERS AND BROKERS,
70 Broadway & 15 New St., New
1
ork
Transact a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold os
Commission, and carried on Margins.
Deposits Received and interest Allowed.
tsV Accounts of Country Banks and Bankers re
celved on favorable terms.
Coleman Benedict 8c Co.
STOCK AND BOND BROKERS,
91 BROADWAY.
Stocks, Railroad Bonds. Governments, and
all
Se-
curities dealt In at the New York Stock Exchange
bought and sold, either for Investment or on margin,
in lots to suit, on commission only.
Jas. mcGovern, Jr.
Coleman Benedict,
Member N. Y. Stock and Mining Exchanges.
B.
F.
Blakeslee,
ALL CLASSES OF INVESTMENT AND MISCELLANEOUS SKCURITIBS NOT ACTIVELY
DEALT IN AT THE NEW YORK STOCK EXCHANGE A SPECIALTY.
BOND AND STOCK BKOKKK,
Correspondence solicited and information cheer-
Special attention paid to Investment orders foe
miscellaneous stocks and Bonds.
fully furnished.
333
MAIN STREET
(HILLS BLOCK).
HARTFORD, CONN.
THE CHRONICLE
ii
Vol. XXIX?
Foreign Exchange.
Canadian Bank§.
Foreign Bankers.
Drexel, Morgan & Co.,
WALL STREET,
Bank of Montreal.
Nederlandsch Indische
Handelsbank,
CORKER OP BROAD, NEW YORK.
Drexel
&
Drexel, Harjes
Co.,
Mo. Si Sooth Thikd
St.,
31
&
Co
Boulevard Haussmann
CAPITAL,
SURPLUS,
$12,000,000, Gold.
5,500,000, Gold.
President.
R. B.
Deposits received subject to Draft. Securities. Gold.
Ac. bought aud sold on ComralBElon. Interest allowed
on Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available in all parts of the world.
ANGUS,
C. F. Smithies,
.™ nf .
Agents.
1
Walteb Watson,
5
ATTOB'XKTS and Agbntb of
Messrs. J.
No. 88
S.
MORGAN &
OLD BROAD
Brown
ST.,
Brothers
No. 59
WILL
CO.,
LONDON.
&
ST., N.
Co.,
IT.,
Dominion
London
Issue, against cash deposl ed, or satisfactory guaran.
tee of repayment, Circular Credits for Travelers, in
dollars for use in the United States and adjacent
countries, and In pounds sterling for use in any part
of the world.
THEY ALSO ISSUE COMMERCIAL CREDITS
MARK CABLE TRANSFERS OF MONEY BETWEEN THIS COUNTRY AND ENGLAND, AND
BRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
& W. Seligman& Co.,
J.
BANKERS,
59 EXCHANGE PLACE,
CORNER BROAD STREET, NEW YORK.
Issue Letters of Credit for Travelers)
Payable in any part of Europe, Asia, Africa, Australia
And America.
Draw Bills of Exchange and make telegraphic transfers of
money on Europe and
Office,
No. 9 Rlrchln Lane.
Commercial Credits Issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable in
London and elsewnere, bought and sold at current
rates; also Cable Transfers.
Demand Drafts on Scotland and Ireland, also en
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MaoTAVISH Agents.
WM. LAWSON,
JOHN HAMILTON.
JOHN MCLENNAN,
HEAD
ESQ.
OFFICE, MONTREAL.
5% WALL STREET, NEW YORK.
88 STATE STREET, BOSTON.
&
New
V oik Agency, 48 Exchange-place.
JOHN
Stuart
&
Co.,
B.
HARRIS,
BANKERS, LONDON
Capital,
S.
HOWLAND,
$1,000,000.
WILKIE,
President D. R.
MANCHESTER & COUNTY BANK,
"LIMITED;"
;
ULSTER RANKING COMPANY,
BELFAST, IRELAND;
AND ON THB
j
:
CATHARINES, PORT COLBORNE. ST. THOMAS
INGERSOLL, WELLAND, DDNNVlLLE, FERGUS.
•
New
in
&
—«»—Foreign
BANKERS,
William
St., cor.
Exchange Place,
NEW
YORK.
Make Telegraphic Money Transfers.
and
Issue Letters of
Bills
of
Exchange
Draw
en
all
principal cities of Europe.
SPECIAL PARTNER,
DEUTSCHE BANK, Berlin.
CHKISTENSEN,
L. BRANDER,
GEORGE
"
j^
Agents.
Issue Commercial and Travelers' Credits available
In any part of the world. Draws Exchange, Foreign
and Inland, an i makes Trans.ers of Money by Tele-
graph and Cable. Gives special attention to Gold and
Silver Bullion and Specie, and to California Collections and Securities and arranges to pay Dividends
on such secnrltles at due dates.
SMITH,
de
PAYNE & SMITHS.
UNION BANK OF LONDON.
do
do
New York, The BANK of NEW YORK, N.BvA
THE
Anglo-Californian Bank
(LIMITED).
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 428 California
Agents, J.
& W. Sehgman &
St,
Co.
$6,000,000.
1,700,000.
Transact a general banking business. Issue Com*
mercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favorFRED'K F. LOW,
able terms.
Managers.
P. N.
1GNATZ STE1NHART.
LILIENTHAL, Cashier.
U„ m _
)
Boston Bankers.
&
Chas. A. Sweet
Co.,
BANKERS
40
Bankers.
STATE STREET, ROSTON.
IN GOVERNMENT SECURITIES, Gold
County and Railroad Bonds
DEALERS
Nederlandsche
State, City,
Handel-Maatschappij,
OF HOLLAND,
Lichtenstein,
3,500,000
U.S. Bonds)
1
The Nether-land Trading Society
Knoblauch
10,000,0(0 Gold.
York:
Agents in London:
Agents
Bank of Montreal,
Bosanqukt, Salt A Co.,
93 Lombard street.
59 Wall street.
Promptest attention paid to collections payable in
any part of Canada.
Apnroved Canadian business paper, payable in gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
'" *' J ""
" '^—"B^gww^MqpBp
BD1HBURG, AND BRANCHES;
ALSO,
Cashier
ST.
NATIONAL BANK OF SCOTLAND,
CABLE TRANSFERS AND LETTERS OF CREDIT
if
(invested in
Authorized Capital, Paid up and Reserve,
OFFICE, TORONTO.
I
;
MANCHESTER, PAYABLE Of LONDON
Agents.
JR.,
Dealers in American Currency and Sterling Exchange.
SMITH, PAYNE & SMITH'S,
Surplus,
Imperial Bank of Canada NEW YORK
HEAD
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
OF SAN FRANCISCO.
New York Agency, 62 Wall Street.
Bankers, London,
change, Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Drafts
issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
H.
33
The Nevada Bank
:
Branches
J.
California Banks.
;
Manager.
LONDON, ENG.— The Clydesdale Banking
HENRY HAGUE,
BARING BROTHERS & COMPANY,
Messrs.
C. T.
$5,461,790 Paid Up.
MUNROE & CO., PARIS.
STERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS & CO., LONDON.
AGKNTS FOB
RANKERS
AND
CANADA
Capital,
Co.,
G. C. Ward,
Adolph Boissevain & Co.
OF
Comp'y.
NEW YORK—The Bank of New York. N. B. A.
The New York Agency buys and sells Sterling Ex-
&
A CO.,
Agents for north America,
54 WALL STREET, NEW YORK,
28 STATE STREET, BOSTON.
Capital, paid up....
Merchants' Bank
GEORGE HAGUE, General Manager.
WM. J. INGRAM, Asst. General
BANKERS
G.
BLAKE RROTHERS
N.
WALL STREET.
No. 52
No. 8 "Wall Street, New York,
No. 4 Post Office Square, Roston.
CHEQUES AND CABLE TRANSFERS ON
S.
business of a financial character In connection with
the trade with the Dutch East Indies.
COMMISSION MERCHANTS
Bank of British
AMSTERDAM, HOLLAND
North America, Y. Correspondents.—
BLAKE BROS. & CO
Vice-President,
Cjeoulae Notes and Credits fob Travelers.
Issue commercial credits, make advances on shipments of staple merchandise, and transact othei
AGEKCx OF THE
President, the Hon.
&
Agencies in Batavia, Soerabayaand Samarang.
Correspondents in Padang.
of Canada.
California.
John Munroe
($4,800,000 Gold.)
OFFICE IN AMSTERDAM.
Bny and sell Sterling Exchange, Franca and Cable
Transfers; grant Commercial and Travelers' Credits, available in any part of the world ; issue draf te
on and make collections In Chicago and throughout
the
1883.
HEAD
General Manager
NEW YORK OFFICE,
59 & 61 WALL STREET.
Nos.
Established in
Paid-Up Capital, 12,00 0,000 Guilders
GEORGE STEPHEN,
Paris.
PblladelpUla.
DOMESTIC AND FOREIGN BANKERS.
AMSTERDAM, HOLLAND.
H. Peck,
F.
RANKER AND RROKER
No. 7
ESTABLISED 1824.
Pald-np Capital, 36,000,000 Florins.
EXCHANGE PLACE,
ROSTON.
($14,400,000, Gold .)'
Execute orders for the purchase or 6ale of Merchandise. Bonds, Stocks, and other securities, in the
United fctates, Europe and the East make Collections,
buy and sell Foreign Exchange, and give advances
upon Merchandise for Export.
OLIVER S. CARTER, ) Agents
Parker
&
Stackpole,
;
STANTON BLAKE,
HENRY E. HAWLEY,
Credit
Kkw
Yobk, January
Office,
>
for
J
America.
1, 1879.
143 Pearl Street
New
York.
RANKERS,
No. 78
DEVONSHIRE STREET,
BOSTON.
'
)
September
:
THE CHRONICLE.
13, 1879.
ISotftoit
Bunker*.
Co.,
No.
CONGRESS STREET,
3fi
paper.
Orders executed on Commission at Broken
Board
Auctions, and Private Sale.
Investment Securities constantly nn hand.
W».
ttZO.
GKORIISJ U. IIOI.T,
liALLOU.
N. V. Stock Exchange.
Member
Geo.Wm.Ballou&Co
8
WALL STREET,
New
DEVONSHIRE
12
John
York.
BALANCES.
GOVERNMENT BONDS, GOLD, STOCKS AND
ALL INVESTMENT SECURITIES BOUGHT AND
SOLD ON COMMISSION.
NEW
Curtis,
BOSTON.
YORK,
134 Pearl
70 Btote Street
Street,
&
GOSSLER
Co.,
Bank
International
SIMMONS' BUILDING,
of
Hamburg and
London, (Limited.)
IN EUKOPB,
JOHN BERENBERO, GOSSLEB (V CO
Stanton D. Loring,
HAMBURG.
BOSTON.
Dealer
RAILROAD BONDS.
CITY, COUNTY and
In
&
I'liiln.
Baltimore Bankers.
&
Wilson, Colston
Co.,
BANKERS AKu UiiJKERS,
BALTIMORE.
INVESTMENT
and VIRGINIA SECURITIES
Bro's.,
BANKERS,
i
.
solicited
and
information
COBRR8PONDKWT8— McKlm Brothers A
Platt K. Dickinson,
Howard C. Dickinson
Members N. Y\ Stock Exchange and N Y. Mining
a03 WALNUT PLACE (316 WALNUT
ST.),
PHILADELPHIA.
Orders In Stocks and Bonds promptly executed at
the Philadelphia and New > ork Boards.
P.
made on
all
A. K. WiLiiii, Cashier.
parts of the United States
MILLER, R. R. WILLIAMS, JNO. W. MILLERi
CHAS. B. MILLER.
Thos. P. Miller
Co.,
Stocks, Governments and Miscellaneous Securities
bought and sold on commission.
NEW YORK HOUSE
43 New Street.
BALTIMORE HOUSE
:
&
Co.,
Buttrick
AND
21
BANKERS AND BROKERS,
New
York.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
C. A.
IV7M.
BUTTRICK, Members of the N.Y. 8tock
ELLIMAN,
and Mining Exchanges.
)
R.
12 year*
on commission
with and
Exchange National Bank.
CKJ Co*
Bank
all
BANKERS,
COR. OF
American
to
Perino Bnoww, Pres't. W. H. Patterson. Cash*.
0. P. PBKZKL,
President.
STATE BANK,
C. T. Walxeb
{Incorporated 1S75.J
Cashier.
I
)
German Bank,
LITTLE ROCK, ARK.
CAPITAL
$75,000.
25,000.
(Paid-in)
Surplus
Prompt attention given
to all business In onr line.
N. Y. COKBiBPONDKNTfl, Donnell, Lawson
be Metropolitan National Bank.
WALL STREET AND BROADWAY
New
Georgia securi-
refers
& Co.and
New
York.
Exchange.
Stoclc
Beers, Jr.,
HAS BE MOVED TO
Ma y 1
.
NEW
1
ST
I.
It I. I.
NEW YOKE
1879 .
Geo. H. Prentiss,
24
BROAD STREET.
STOCK S
GAS
A SPECIALTY.
Brooklyn Securities Bougbt and Sold
STOCKS
and
BONDS
At Auction.
The
undersigned
REGULAR AUCTION
hold
SALES
or
all
classes of
STOCKS AND BONDS,
os
WEDNESDAYS AND SATURDAYS.
SON,
ADRIAN II. MSJL.I.ER
&
No. T
PINE STREET,
NEW
YORK.
New York, New England
& Western
INVESTMENT
CO.
(INCORPORATED.)
B'lli
OP GEOBGIA,
sells
Co.,
A
-
$200,000.
BOSTON, PIIILADKLAND CHICAGO.
& 33 PINE STREET, NEW YORK.
INVESTED for CapitalMONEY CAREFULLY Guardians.
Eire and Life
31
of Liverpool, Liverpool.
Collections solicited.
&
Sell en Commission, /or Caen , or on
Stocks, Bonds, and all investment
Securities, in lots to suit.
Capital Stock
;
Buys and
& Co.
DREXEL BUILDING,
22
NEW YORK,
Correspondents.—German-American Bank, New
York Louisiana National Bank, New Orleans Bank
Corresponds
PRANK JENKINS
memterekip in N. V.
No.
payment.
ties.
HATCH,
B.
BROOKLYN SECURITIES, CITY BONDS,
Gas Stocks, Ac.,
BANKERS,
ATLANTA, GEORGIA.
In
BANKERS and BROKERS
MOBILE, ALABAMA*
Citizens'
BONDS
>
1
.ill
Kimball
<T.
5
Special attention paid to collections, with prompt
xemittancea at current rates of exchange on day uf
;
A
I'. S. GOVERNMENT, STATE, CITY, and all other
Negotiable Beonrltles, on commission.
Mr. J. M. Drake has been a member of the New
York Stock Exchange since 1832. and will give per.
sonq l attention t oall business entrusted to the flrin.
Elliman,
No. 2 Nassau street,
•
Wall St., New York,
BUYand SELL RAILROAD STOCKS and BONDS.
21 Soutli Street.
6c
It<
fames M. Drake
II.VLTl.nOKIi.
H. H. Hollister,
S. h. Dun an,
Members of New York Stoek Exchange.
First National Bank,
WILMINGTON, N. C.
Collections
&
H. H. Hollister,
Robert B. Holmes,
Southern Bankers.
TH08.
Hollister
NEW YORK AND
STOCK BROKER,
B. E. Borbbsb, Pres't.
H. H.
WILLIAM
TnOMAS tl. BOUDEN.
BANKERS AND BROKERS,
Austin,
Bell
J.
fur-
*^o.
.
I
York.
Stock Exchange.
Correspondence
nished.
V. 1
New
Stocks, Railroad Bonds, Governments, and all Securities dealt In at the N. Y. Stock Exchange, bought
and sold, either for Investment or on margin.
Hare been connected with mining since the discovery of the famous Comstock Lode, and also
pioneers In the celebrated Bodle district, in which
are located the "Standard," " Bulwer," "Bodie,"
and other well-known mines. Letters and telegrams
from these districts received daily. Orders executed direct at the San Francisco Stock Excnange.
specialty.
1
Check.
N. T.
Dickinson
No. 43 Exchange Place,
1
-
Margin,
Boston, Mass.
banker and broker,
No. 51 STATE STREET,
A
>li< K KM MAM. K. or all
reputable Securlf !,•* Itought and wild in tho tll^^H
MARKET. LOANS and COM Ml. Id U. PAPER
m-gotiuted. Interest (raid on DKl'OSITS subject to
Buy and
HOUSE
Late Cashier Blackstone national Bank)
It
classes of
all
4 Exchange Court,
00BBESP0NDENT8 OF
STOCK BROKERS,
on Commission. liOVE UN MF.NT.
NEW YORK
at the
Son,
BANKERS,
Wall street, New
No. 59
Municipal Bonds.
&
&
Cisco
J.
sell,
STATE. MUNICIPAL and
and STOCKS, and
BANKERS,
DKl'OSITS RECEIVED SUBJECT TO CHECK AT
SIGHT, AND LNTEKEST ALLOWED ON DAILY
BANKERS AND DEALERS IN
Jackson
York.
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents fur corporations in paying coupons
and dividends, also us t ransfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Sterling oxchnnge bought and sold. Drafts on
Union Bank of London.
ST.,
Boston,
York,
Co.,
Purchase and
stocks. Bonds, Sold and Commercial
Dealers In
BANKERS,
William Street, New
52
mass.
llomtoii,
&
Paton
Jesup,
BANKERS,
Financial.
iiiaiicial.
I
&
Brewster, Basset
in
York.
Transact a General Banking Business, tnoludlng
the purchase and sale of STOCKS and BONDS for
cash or on margin.
Bar and
Investment Securities.
P. O. BOX 8,647.
A M. Kidder. C. W. McLellan. Jr. W. TRASS.
J.
Sell
Alden Gaylord,
33 Wall
New York,
COUNTY BONDS
St.,
DKALSSZ IX
ST. LOUIS CITY AAKD ALL OLASSSS OF
INVESTMENT &. MISCELLANEOUS SECURITIES
Kef era by permission w w. B. Nichols * Co, Bankers
ists,
Trnstoes of Estates,
Insurance Companies, SavlnKS Banks, Corporations
and other Investors. Strictly conservative.
LOANS CAREFULLY PLACED on Western
Form Mortgages, at S.fland 10 percent interest, and
on choice business property in Cincinnati. Cleveland, Indianapolis, Detroit. Chicago, St. Louis. Kansas City and other large Western cities. Current
interest collected without charge. Loans carefully
placed also on Roal Estato in the Cities of New
York, Brooklyn, Jersey City. Newark, 4c.
MUNICIPAL, DISTRICT SCHOOL, GAS AND
RAILROAD and other CORPORWATER BONDS,
negotiated. Defaulted Bonds con-
ATE BONDS
verted into Interest-paying Investments. Coupons
_
Counties, Towns
TEMPORARY LOANS made totaxes
and
collected.
other
Cities in anticipation of
revenues. Coupons paid for states, Counties, Towns,
Cities, Railroad Companies. Ac.
. „„™..
and
for
WILL ACT AS STOCK TRANSFER AGENT
and also
Railroad, Mining and other corporations,
as Trustee of Bondholders.
FINANCIAL NEGOTIATIONS
*-_»'"«
conducted for
Towns, Cities, Railroad and other
Corporations, and Individuals.
Johx C. 8H0EI, President.
C.bo. W. Debsvoisb, Vice-President.
WM. P, WajcsoNi Secretary and Treasurer,
States, Counties,
:
THE CHRONICLE.
IV
UNION TRUST
NEW
OF
CO.
YORK,
CAPITAL,
$1,000,000.
HA8 SPECIAL FACILITIES FOR ACTINC: AS
Transfer Agent and
Registrar of Stocks.
Authorised by law to act as Kxecutor, AdministraGuardian. Receiver, or Trustee, and Is a
tor,
LEGAL DEPOSITORY FOR MONEY.
on Deposits, which may be made
Interest allowed
and withdrawn at any time.
N. B.— Checks on this institution pass through tne
EDWARD
Clearlng-House.
J.
M. MoLkak,
KINO, PretKUnt.
\ice-Presideni.
1«(
Wit. Whit*wkI8BT, 2d V7« President.
EXECUTIVE COMMITTEE.
MOLKAN,
AUGUSTUS SCHKLL,
B. B. Wkslky,
Gko. Cabot
G. G. Williams,
C. D.
SlMI'Kt WlI.I.ETS,
J. M.
J.
II.
WM. WHITKWEIOHT,
Wabd
Wood.
OCILVIE,
Secretary.
The Brooklyn Trust Co.
Cor. of
OF THK CONTHE HOLDERS
TOSOLIDATED
FIRST MORTGAGE BONDS OF
THE COLUMBUS CHICAGO A INDIANA
TRAL RAILWAY COMPANY:
Montague 4 Clinton sts., Brooklyn, N. T.
ThiB Company is authorized by special charter to
act as receiver, trustee, guardian, executor, or administrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
Bale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
nnd tills Company a safe and convenient depository
RIPLEY ROI'ES, President.
for money.
CHA8. R. MARVIN. Vice-Pres't.
EDGAR M. Cullen, Counsel.
of 17th of May,
was druwn under the supposition that the decision of Judge Harlan would permit the reduction
of the debt to ^15.821,000 Seven Per Cent Bonds, to
be made through the Instrumentality of the court,
in whose hands the accrued rental would be paid,
and applied by it as far as necessary to effect this
reduction. But, according to Judge Harlan's decision of 6th August, the granting of a decree for
the recovery of the rental is made dependent upon
the reduction of the debt having first been made.
This will not really change the ultimate result to
the bondholders, but makes It, however, absolutely
necessary that the Committee should have at its
dlspusa! the Bonds themselves Instead of only the
1870,
rental, as provided for in the Agreement of 17th
May, 1879, in order to enable it to conform to Judge
Harlan's last decision.
A supplementary agreement has therefore been
prepared by which the holders of consolidated bonds
authorize the Receivers and the Committee to use
whatever amount of bonds, with their coupons,
which will be required to effect the reduction of the
debt to $15,821,000 Seven Per Cent Bonds, and giving
sucfi further powers in detail as are found requisite
for the w.g-kirm of the scheme under the effects of
the late decision.
The parties to the agreement of May 17. 1879. are
requested to sign this supplementary agreement
with as little delay as possible, so as to enable the
committee to make arrangements for providing the
large amount of cash (about $900,000) which will be
required, in addition to the cancellation of a certain
amount of bonds, to comply with Judge Harlan's
last decision.
It will be necessary that the
Bondholders, on signing the Supplementary Agreement, shall present
their receipts to the UNION TRUST COMPANY,
and have a stamp placed upon the same, as provided
by the Supplementary Agreement, declaring them
to be subject to It as well as to the original Agree-
ment.
Copies of the Agreement will be found at the
of the UNION TRUST COMPANY, No. 71
Broadway, or of A. ISELIN A CO., No. 48 Wall st.
Parties residing out of the city can forward their
Certificates to A. ISELIN A CO., who will attend to
having them stamped and returned, without charge.
New York, August 22, 1879.
ADRIAN ISELIN, (Committee.
) r „ mmlt tee
office
R.T.WILSON,
TRUSTEES:
Wm. B. Kendall,
Henry Sanger, Alex. McCne,
Chas. B.Marvin. A A. Low.
John P. Rolfe,
Thomas Sullivan, Abm. B.Baylls. Henry K.Sheldon
H.E. Plerrepont. Dan'l Chauncey, John T. Martin,
Alex. M. White, Joslah O. Low, Ripley Ropes,
Austin Oflrbin.
Edmund W.
WM.
R.
Corllcs.
BUNKER,
Secretary.
WANTED
Alabama, South Carolina Sc Louisiana
State Bonds;
New Orleans Jackson Sc Gt. Northern,
ItllHSlwsippl Central, and Mobile
Sc Ohio Railroad Bonds
City of New Orleans Bonds.
;
LEVY
Sc
BORG,
WALL STREET.
36
&
Smith
CEN-
Hannaman,
INDIANAPOLIS, INDIANA,
OFFICE OF CHICAGO
Sc
NORTH-
WESTERN RAILWAY CO., 52 WALL ST.,
New Yobk, Sept. 8, 1879.— A quarterly dividend of
ONE AND THREE-QUARTERS PER CENT on
the Preferred Stock of this company will be paid
at this office, on the 27th Inst., to the preferred
stockholders of record at the closing of the books
on the 17th inst. The transfer books will re-open
on the 29th
inst.
M.
L.
8YKES,
Treasurer.
NOT1CK.-THE NEW YORK
DIVIDENO
ELEVATED RAILROAD CO., TltEASCHERS
Broadway, New York,
Sept. 4. 1879.—
The directors of this company have this day declared
(3W) PER
a dividend of
CENT for the quarter ending October 1. 1879, upon
the capital stock of this company, payable at the
office of the Treasurer, on and after October 1. next,
to the shareholders of record on the 20th inst.
The transfer books will be closed at 3 o'clock P. M.
on the 20th inst., and re-opened on the morning of
J. A. COWING, Treasurer.
October 2 next.
office, 7
TWO AND ONEHALF
UNION TELRGRAPH
MAKE SAFE AND PROMPT LOANS WESTERN
1879.
COMPANY, New York, Sept.
10,
ON
DIVIDEND
REAL ESTATE SECURITY.
West., 1st Mort
Kami e I rb. Hlooui. A • ekln Is .
Wabash. 1st. 2d nnd Consol. Int. m rip
Chesapeake Sc Ohio, 1st and 2d Mort.
Ind Rloomlngton
Sc
I
Bonds aud
Scrip.
BOUGHT AND SOLD BY
JT.
58
PROBST &
CO.,
EXCHANGE PLACE, NEW YOKE.
D.
WANTED
:
Atchison A Pike's Peak RR. Bonds and Stock.
Chicago & UlinoiB Eastern RR. Bonds and Stock.
City, County and Town Bonds of Western States.
City of St. Joseph, Mo., 7 Per Cent Bonds.
Iowa Central Railroad First Mortgage Bonds.
Danville Urbana Bloomington & Pekin Bonds.
IndianapoliB & St. Louis Railroad Bonds.
St. Louis Vandalia &, Terre Haute Railroad Bonds.
Houston & Texas Central Railroad Company Stock.
Port Huron & Lake Michigan Railroad Bonds.
East Lincoln (111.) 10 Per Cent Bonds.
International & Great Northern Railroad Stock.
St. Joseph A Western Railroad Stock.
New York & Oswego Railroad First Mortgage Bonds
N. Y. & Oswego Midland RR. Receiver's Certificates.
Utah Southern Railroad First Mortgage Bonds.
St. Louts A South Eastern Railroad Bunds.
31 Pine St., N. Y.
WOT. R.
ITHiV,
STATES CIRCUIT COURT,
UNITED
SOUTHERN DISTRICT OF NEW YORK— In
JOHN O. STEVENS and others,
complainants, and the NEW YORK &. OSWKGO
MIDLAND RAILROAD COMPANY and others,
Equity.— Between
defendants.
The sale under the decree made In the above-entitled sult.whieh has been advertised In trds paper once,
a week for the fifteen weeks last past. Is hereby adjourned to September 26, 1879 the sale to take
place at the Wickham Avenue Depot of the New
;
York A Oswego Midland Railroad Company, In Middletown, In the County of Orange and State of New
York.
For terms and conditions of sale, reference is
made to the advertisement referred to, or can be
obtained by calling upon the Master at his office,
No. 110 Nassau street (Morse Building). In the City
KENNETH
New York.
Dated June 28. lst'.i.
Alexander k Green.
of
Complainants' Solicitors,
No. 120 Broadway
New York City.
G.
23
&
Baltimore
The Bondholders' Agreement
Cor. Rector St.
No. 73 Broadway,
Financial.
Wall St., New York, Aug.
Financial.
Financial.
WHITE.
Master.
The Board
NO.
49.
dividend of One and Three-Fourths Per Cent upon
the capital stock of this company from the net earnings of the three months ending September 30 instant, payable at the office of the Treasurer on and
after the 15th day of October next, to stockholders
of record on the 20th day of September Instant.
For the purpose of the annual meeting of stockholders, to be held on Wednesday, the 8th day of
October next, and of this dividend, the transfer
books will be closed at three o'clock on the afternoon ofthe 20th instant and opened < n the morning
of the 16th of October next.
R. H. ROCHESTER, Treasurer.
HOMESTAKE
III'
MINING COMPANY.
New York, September 12,
No. 31
BROAD STREET,
1879.
DIVIDEND
NO.
9.
The Regular Monthly Dividend of Thirty Cents
per share has been declared for August, payable at
the office of the transfer agents, Wells, Fargo A Co.,
65 Broadway, on the 25th Instant.
Transfer books close on the 20th instant.
H. B. PARSONS, Assistant Secretary.
GOLD Sc SILVER
Gtf OLDEN FLRRCE
MINING COMPANY.
Main Office, Reno. Washoe County, Nevada.
New York Office, No. 1 < Broad Street.
Authorized Agents at New York and Boston for the
sale of a limited amount of stock,
M. A S. STERN11ERGER, Bankers.
.
17 Broad Street, New York.
And 52 Devonshire Street, Boston.
Albert E. Hachiield,
19
NASSAU STREET,
1879
6,
Ohio RR,
Loan of 1870, *3,< 00,000,
SECURED BY MORTGAGE ON THE PARKERSBURG BRANCH RAILROAD.
M
\
I
His APRIL
I
1,
1919.
INTEREST 6 PER CENT, PAYABLE OCTOBER 1 AND APRIL 1.
A LIMITED AMOUNT OF THESE BONDS REMAIN UNSOLD; WE OFFER THEM AT
106^ AND ACCRUED INTEREST.
DREXEL, 1UORGIN &
WANTED.
CO.
I«afayette Co., Mo., 03 k 10s,
Mercer Co., Mo., 8b,
Pettis Co., Mo., 10s,
Co., Mo., 8s,
Lincoln Co.. Mo.. 10s. Johnson Co., Mo., 10s,
Henry Co., Mo.,7s & 10s, Buchanan Co., Mo., 10s,
T,acledeCo.,Mo.,7s&l(/s, Sullivan Co., Mo., 7s,
Vernon Co., Mo., 8s.
Ralls Co., Mo., 10s,
St. flair Co., Mo., 10s,
Platte Co.. Mo.. 10s,
('ass Co., Mo., 10s,
Pike Co., Mo.. 10s,
Howard Co., Mo., 8s,
Daviess Co., Mo.. 7s,
Jackson Co., Mo.. 8s,
Cole Co., Mo., 10s,
Cooper Co., Mo., 10s,
Jasper Co., Mo., 8s,
Callaway Co., Mo. ,0a.
Chariton Co., Mo., 8s,
Grundy
—also all other Missouri, Kansas. Arkansas and
inois County, State, Municipal, Township and
faulted Bonds,
Ill-
De-
BY
DOX VIJ»SO\ & FR1LEV,
P. O.
Box
ST. LOUIS, mo.
2829.
FOR SALE:
Indiana Bloom. A West. R'y (new) lsts and 2ds.
Indiana Bloom. & West. R'y (new) inc. and stock.
Indianapolis Bloom. & West. R'y extensions.
Col. & Indianapolis Central Railway lsts.
St- Louis Vandalia &. Terre Haute RR. 2ds, guar.
Rochester & State Line Railway lsts.
Chicago & East. Illinois RR. lsts, Incomes and Stock
Missouri Pacific Railway 3ds.
Scioto Valley Railway lsts and Stock
AVANTfiD:
New Jersev Southern First Mortgage Bonds.
Trust Co., or Downer Certs., N. J. South. 1st M. Bds
St. Louis Vandalia & Terre Haute 2ds, unguar.
Indianapolis & St. Louis RR. lsts and 2ds.
Milwaukee & Northern Railway lsts.
Columbus & Indianapolis Central 2ds.
Union & Logansport Railroad lsts.
Toledo Logansport & Burlington Railroad lsts.
Southern Minnesota CoLstruction or Extens'n B'ds.
CHAS. T. WING, corner Wall and Broadway.
(With A. M. Kidder & Co., Bankers.)
SOUTHERN NEVADA MINING
CO.,
SANTA FE DISTRICT, ESMERALDA CO., NEV.;
MAIN OFFICE, RENO., WASHOE CO.. NEV.
NEW YORK OFFICE, 17 BROAD ST.
Authorized Agents at New York and Boston for the
sale of a limited number of stock,
ankers,
ITI. Sc S.
No. 17 Broad Street, New York, and
No. 52 Devonshire Stree t, Boston.
STKKNRERGKlt.
WANTED:
of Directors have declared a quarterly
OFFICE OF
XI IX
[Vol.
All ktnds of
MISSOURI and ILLINOIS DE-
FAULTED COUNTY BONDS.
price paid for them.
address,
I,.
A.
Give
<
Highest market
full description,
OtH A
BANKER AND BROKER,
124 N. Third
and
I* It,
street, St. Louis,
Mo.
Texas Bonds.
STATE, RAILROAD, COUNTY AND
MUNICIPAL BONUS
BOUGHT AND
SOLD.
CHEW, 29 Rroadwar.
MISSOURI COUNT ¥ BONDS.
J.
C.
Buchanan County, Mo., 10's.
Casa County, Mo., 10's.
Cape Girardean County, Mo., 10's.
Chariton County, Mo., 8's.
Daviess County, Mo., 7'a.
Henry County, Mo., 10'a.
Howard County, Mo., Chariton Township.
Henry County, Mo., 10's.
Marlon County. Mo., Mason Township.
Morgan County, Mo.. 10'a.
Pottis County. Mo., 10's.
8t. Clair County, Mo., 10's.
Ralls County, Mo.. 10's.
Sullivan County, Mo., 7'a.
roniiY
Sc
WANTED BY
4 Broad
KIRK,
Street.
WANTED:
CITY OF MOBILE
Deals in Investment Securities and
Past-Due Coupons.
THOMAS P. MILLER &. CO.,
Bonds Generally.
MOBILE, ALABAMA.
BASEMENT,
WANTED.
Boston A New York Air Line Preferred Stock.
Toledo Logansport A Burlington Bonds.
Union A Logansport Bonds.
Columbus A Indianapolis Central Bonds.
Rome Watertown A Ogdensburg Bonds?
Indianapolis A Vlncennes Bonds.
New York A Oswego Midland Bonds.
Southern Railroad Bonds.
S.
19
Stanton,
STICK 1ST,
J.
NASSAU
Railroad, tit), and County
and stocks
BOUGHT AND
SOLD.
Bond*
—
.
;
xnmtlt
VXT'8 MERCHANTS' MAGAZINK,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTEKESTS OF THE UNITED STATES.
VOL.
SATURDAY, SEPTEMBER
29.
NT
E N T8
THE CHRONICLE.
CO
productiou found
Tending to Check
Cotton Moremcnt and Crop of
European Shipment? of Gold 261
1878-79
MS
Memphis Calls for Help
SS3 Latest Monetary and Commercial
The Afghanistan Disaster
Enelish News
2S2
170
Railroad Earnincs in August, and
Commercial and Miscellaneous
from January 1 to Sept. 1
News
863
T.i
Influence?
.
Honey Market.
THK BANKERS' GAZETTE.
TJ.
Quotations of Stocks and Bonds.. 276
luTestments, and State, City and
Corporation Finances
277
8. Securities,
^^
Railway Stocks, Gold Market,
Foreign Exchange, X. T. City
.etc
MS
Dry Goods
28S
286
——
—
Breadstuff*
47s*
I
280 Prices Current
2841
—~—
£he Chronicle.
The Commercial and Financial Chronicle w i**ued on Saturday morning, with the latest new up to midnight of Friday.
its
way
742.
across the Atlantic.
This
single statement
means a deficient supply and aa increasing need, for it shows the sudden drying up of the channel which has so long and largely fed the wants of
Europe.
fact
What
adds greatly to the importance of this
gold ha> thus failed to
usual replenishment, there have arisen new
that while the stock of
is,
receive
drains
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
NO.
1879.
13,
its
upon
Germany,
we
know, has extracted
But a still more
controlling influence is that all Europe has at the same
time virtually demonetized silver, that is, has begun to
transact its business and make its exchanges on a gold
basis, so that gold has to do double the work it did before.
We need not enlarge upon these facts the bare statement of them is sufficient, for our readers will admit
a large
sum
it.
as
all
for its currency wants.
;
TERMS OF SUBSCRIPTION-PAYABLE
IN
For One Tear, (including postage)
For Six Months
do
Annual subscription in London (including postage)
Sixmos.
ao
do
do
ADVANCEi
$10
6
20.
10.
£2
6s.
7s.
written order, or
1
Subscriptions will be continued until ordered stopped by a
at tKe publication office. The Publishers cannot be responsible for Remittances
unless made by Drafts or P.st-Offlce Money Orders.
London
The London
Street,
office
Office.
of the Chboniclh is at No. S Austin Friars, Old Broad
will be taken at the prices above named.
where subscriptions
Advertisements).
Transient advertisements are published at 25 cents per line for each insertion,
but when definite orders are gives for live, or more, insertions, a liberal div
count is made. Special Notices in Banking and Financial column 60 cents p»sr
line, each insertion.
William b. DAKA,
I
WILLIAM B.
A OO. Publishers,
JOHM a. FLOYD, jr. (
79 A 81 Wiuiam street,
YORK.
DANA
NEW
Post Optic* Box 4592.
t^T~
A
neat file-cover
is
fy
INFLUENCES TENDING TO CHECK EUROPEAN SHIPMENTS OF GOLD.
may be
that the general tendency
is
to
its
andt hat they show that Europe wants
stock of gold, and will keep
it
if it
can.
Very
pos-
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
sibly,
come from, and who is suffering because of it ?
cannot enter upon these questions to-day. It is
it
We
suffi-
remind the inquirer that that balance mainly
the extent of England's commercial distress
and want of confidence, added to the fact that the Bank
holds the reserve for the whole kingdom, and is the
clearing house of the world.
The increase during
the year since the failure of the Glasgow Bank has
been almost wholly drawn from other countries, and
largely from the Bank of France, reducing the
cient to
furnished at 50 cents; postage on the same is 18
cents. Volumes bound for sibscribers at $1 20.
For a complete set of the Con xercial a«td Financial Chroxicls—
July, 18« to date—or of Hr/Hi*s Merchants' Magazine. 13S» to ls>7l, inquire
at the office.
It
that they are facts,
over-
indicates
amount of gold this country is to g»ld reserve of the latter, so that 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 very important one.
usual system is to barter or exchange products
Heretofore, in an emergency, when England has wanted
in addition to that, unmatured 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 Frat ce.
With how much less facility would
ous creditor. The medium or instrument of payment such a call be responded to now, and especially when a
will depend upon the relative wants of the traders.
If similar drain to the United States threatens France.
at present we need gold more than we need the producBut without pursuing this thought it is sufficient for
tions of other countries, 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 sacriestimate
the
willing to part with something else valuable at so low a
price as to
tempt us to take
it
instead of
i:old.
fice to keep it.
Is not the natural conclusion then that
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
Can any of our readers recall a time when our increased power to purchase, but still lower prices,
Europe had so deep an interest in the retention of her if necessary, may furnish the inducement for farther
situation.
For fee last three years she has received purchases. We shall
from the linked Static; before that our entire cur own bonds and
stock of gold.
but
little
also
probably take home more of
There are fti:l many of
stocks.
THE CHRONICLE.
262
in Europe, not very many floating about the
markets, but higher prices here will bring them out of
the hands that hold them there. The better opinion
appears to be that our rates of interest will return to a
them
[Vol.
XXIX.
persons of their ordinary sources of support, and also the
isolated condition of the city
business,
it
and the utter cessation of
easy to see that the need of help must be
is
very great.
Memphis has for the present lost all
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
will
next Spring, to prevent the return of the scourge,
securities
our
best
time,
rates are to rule for some
it
will
thrown
be
an unparalleled instance of helplessness; but
being
their
lead
to
value
and
that
will
rise in
opporthe
the
present
is no time to talk of that.
The duty now is
furnish
us
and
markets,
European
the
upon
tunity of drawing in more from Europe. Still, after to aid anew this unhappy city, which must lie in the
giving all these suggestions their full force, it seems shadow for two months more. The country at large is
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
large and the demand for them is so extensive. But the of the need is understood.
extravagant estimates with regard to the extent of this
movement which have found currency in some quarters,
are by no means likely to be
THE AFGHANISTAN DISASTER.
The murder
of Major Cavagnari, although it cannot
be compared to the terrible outbreak which took place
realized.
in
MEMPHIS CALLS FOR HELP.
The ravages of the yellow fever have been
more confined and less striking than was the
India in
make an end
much
so
case last
in vivid
1857, and which for a time threatened to
of British ascendancy in the East, presents
and striking resemblance the scenes which were
witnessed in the same region at the close of 1841 and
drawn to the commencement of 1842. At that time, at a cost of
some twelve million pounds sterling, British arms had
the subject. Yet it is
The city is isolated, neces- deposed the so-called usurper, Dost Mohammed, and
late condition of Memphis.
Instructions to the pickets and patrols on duty restored the so-called rightful owner, Shah Soojah
sarily.
persons can come in only during the six hours ool-Moolk. Scarcely, however, had the great body of
that
are
ending at noon each day, and that no person can pass the British troops left Cabul, than the populace rose in
that no citizen or resident can rebellion and murdered first Sir Alexander Burnes, one
out after 5 P. M.
pass the picket line without a special pass from of the principal British representatives, and all his
that persons in attendants, and afterwards Sir William Macnaghten,
the Superintendent of Quarantine
that the British envoy. The events which followed constitute
camps around the city cannot enter it at all
neither lint, cotton, nor seed cotton can enter; that no one of the saddest chapters in human history. The
baggage, bedding, or household effects can pass the British were compelled to leave Cabul and make their
It was mid-winter.
Some
lines, either way, without a permit; but that provisions way for the Indian frontier.
except
in
cloth
may
pass,
kinds
of
all
sixteen
thousand
persons,
including
the British troops,
supplies
and
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
are in a long night, watching for morning. They are reached Jelalabad to tell the horrid tale.
merely existing; they count the days until frost, and
It is the memory of this disaster which, although
they must be supported by the country.
afterwards amply avenged, lends point and importance
Latterly, there has been a noticeable increase in the to the murder of Cavagnari and the present outbreak.
number of cases, and although the people have quite No one can predict the consequences which may flow
nearly taken care of their own needs they are experienc- from the uprising. It renders necessary a fresh invaing exhaustion. A letter to the country has been issued sion and conquest of the whole of Afghanistan; and as
by the editors of the Appeal and the Avalanche, setting it must necessarily be some time before the troops can
forth that expenses are now increasing and funds failing. reach the scene of the distuibance, a repetition of some
year, that very
much
less
attention has been
difficult to
appreciate the deso-
;
;
;
Hospital Association of Memphis has also features of the awful scenes of 1841-2 is not to be
been obliged to appeal for aid, having at the first regarded as impossible. Besides, such outbreaks are
expended nine-tenths of its $10,000 fund on hand in contagious; and if the example of the Afghans were to
sending indigent families away. The Preachers' Aid be followed by an uprising of any of the swarming
Association (colored) has made a special appeal for aid tribes of Hindoostan, the consequences might be very
for the colored orphans left destitute. These are speci- serious. It is clear that the British rule in India is a
mens of the requests now put forth ; and lest the blessing to the Indian people, and a mighty agent in
announcement of gifts to the Howards should convey the the great work of human civilization. In a recent
impression that everything needful can and will be number of the Contemporary Review, no less an
done by that association, it is proper to state that the authority than the venerable
and learned Dr.
Howards have resolved not to furnish medicines, sup- Dollinger,
Munich,
of
pronounces
it
one
of
plies, nurses, or any aid, except to yellow-fever patients. the noblest, most beneficent and effective forms of
This action is not the dictate of indifference, but of ne- government, in circumstances of exceptional difficulty,
cessity, the organization having undertaken a special that the world has yet known.
The diminution of
work, and finding its resources barely adequate to that British power in India would therefore be a calamity.
work. The Howards cannot undertake to relieve gen- But it is not to be anticipated; and yet the mutiny of
eral destitution, nor is there any relief association 1857 showed how threatening was the surface on which
especially organized for so doing.
But destitution British authority rests. For, beneficent and desirable as
always exists more or less, and when we remember that is that rule, it is yet the rule of the stronger and the
most cases of death of adults by the fever deprive some haughty chiefs of India, submissive as they are, wait
The Hebrew
\
;
September
throw
THE CHRONICLE.
13, 1879.]
time when they shall bo able to
impatiently for the
off the
ia
present appearances, that the task, whatever its atten'J here
is no
dant difficulties, will be accomplished.
Khan
evidence that Yacoob
The
insurgents.
prisoner in his
belief
own
sympathy with
in
is
rather
he
that
is
the
is
a
In the event of peace
capital.
greater
203
practical
interest
banker, broker, or
the
to
investor, than the bare statement of mileage.
yoke of the Feringee.
to be taken for granted that the British and
Indian governments will take immediate steps to restore
authority in Cabul. The presumption is, according to
It
*
:
:
being restored and the authority of the Government
will have to be
re-established, the important question
Unfortu-
management is a bar to
obtaining such information at any time when it may be
desired, and only after the close of the fiscal year, when
annual reports are published, is the full amount of
nately, the secresy in corporate
bonded debt to be ascertained.
Eight months of the year having now elapsed, it is
worth while to examine the results of traffic during that
period in comparison with the same time in 1878.
Placing each class of roads by itself, the first in importance 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 journals, Southern there is nothing. Of the other trunk lines
—
—
common
according to which a
and England
in Asia.
line shall separate
Perhaps
after
this,
Russia
all, will
be
following
the
the solution of the difficulty.
EARNINGS IN AUGUST, AND
FROM JANUARY 1 TO SEPTEMBER 1.
RAILROAD
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
decrease.
The
on some roads, and the
the
earnings
,
ROADS.
PERIOD.
Grand Trunk of Can
Great Western of Can
considerable
shows
table
grain
was
traffic
large
Paul and Northwest
St.
are
conspicuous for a large increase over their business of
August last ysar; on the other hand Illinois Central
so
far as
reported
Jan.
Jac.
Jan.
Jan.
Jan.
Erie
Pennsylvania
Waha.sh
|
1 to Sept. 1.
1 to Sept. 1.
1 to July 1.
to Am.-. 1.
1
1 to Sept. 1.
Total gross earnings
DROSS K ARSISr.S
1879.
1878.
$5,579,032
$5,707,504
2,747,913
2,996,316
7,664.792
7.181,667
16,«HM.H70
18,196,964
2,899,462
3,148,545
,
$37,088,763 $35,972,701
In additipn"to the foregoing exhibit of gross earnings,
we have
the following details for some of the roads
Neio York Lake Erie
ment
of earnings and
June, 1878 and 1879
cd
Western.
— Comparative
:
state-
working expenses for the months of
:
2878.
$1,258,989
772,679
Gross earnings
Working expenses
1«79.
$1,230,419
939,895
shows a decrease of $98,166. The following unofficial
Nctcamings
$486,309
$290,523
Showing a decrease in net earnings for tlie month of $195,785.
Rock Inland for Tho
reports have appeared in print
net earnings of tlie first nine months of the present financial year,
1, 1878, to July 1, 1879, compared with those of tho same
Union Pacific October
August 6hows an increase of $120,000
period of last year, show a decrease of $333,770.
an increase for August of $142,000, and for the first
Pennsylvania Railroad. The following comparative
Kansas Pacific for statement shows the earnings, expenses and net earnings
nine days of September of $72,000
August an increase of $11,500.
on all the lines east of Pittsburg & Erie, including the
An important point to be remembered now and during Pliila. & Erie road and the Del. & Raritan Canal.
the ensuing year, is the fact that many of the roads are
EARNINGS IN JULT.
1878.
1879.
operating an increased mileage. The Atchison Topeka Gross earnings
$2,5:Se.733
$2,7*2,900
1,485,070
1,783,291
& Santa Fe, Chicago & Alton, St. Paul, Northwest, and Operating expenses
:
;
—
;
possibly Central Pacific, are
more road than
all
case of St. Paul being reported unofficially to be as
as
570 miles, including the Western
Union.
much
On
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
SEVEN MONTHS, IAS. 1 TO JULY
Gross earnings
Operating expenses
Netearnings
other hand, the
to report with
accuracy the miles of road operated by
those lines which
are constantly
building,
$999,G15
Netearnings
operating considerably
at this time last year, the increase in the
$1,051,063
31.
1878.
1879.
$18,196,904
11,351,495
$10,988,070
10,591,510
$65845,469
$0,397,160
In both the foregoing reports of Erie and Pennsylva»
nia the large increase in expenses during the latest month
reported has attracted attention.
The following desultory report from the Baltimore
leasing or
A
London :
purchasing new roads, and the attempt to do so usually Ohio for the month of July was published in
1878.
1879.
results in serious errors.
The statement of mileage in
$1,058,008
$1,236,955
Gross earnings
643,104
011,582
eonnection wiih gross earnings is better omitted, we Expenses.....
$414,904
$625,373
think, than published, as it is almost certain to convey
Netearnings
an erroneous impression, even where the number of miles
For the ten months of the fiscal year, Oct. 1, 1878, to
is correctly reported.
mile of road counts as a mile July 31, 1879, there was an increase of $608,785 in net
A
of road, and
the
if
any conclusion
statement of
mileage
at all
it is
is
to be
drawn from
earnings.
CHICAGO BOADS.
that there should be an
increase in earnings proportioned to the increase in miles
group we may place those "Western railroads having termini at Chicago, and depending to a
greater or less extent on the traffic in grain and other
In the next
Nothing could be more erroneous than this
new road added is in
a comparatively unsettled country, and may not earn farm products for their earnings.
even its operating expenses. The main question in as furnished are as follows
operated.
idea, as
it
regard to
usually happens that the
new road
acquired
The
,
concerning the increase
of bonded debt, or the increase of annual obligations
which come with it, and a statement of gross and net
is
earnings accompanied by exhibits of the total bonded
debt or the total interest and rental charge at the corre-
sponding dates in 1878 and 1879 would be of
much
PERIOD.
Jan. 1 to .Sept.
Jan. 1 to July
ROADS.
Chicago & Alton
Chic. Bur. & Quiney
(
inc. Mil.
&
St. l'uul
Chicago 4 Northwestern
Illinois
1.
1.
1 to Sept. 1.
Central
..
Jan.
Jan. 1 to Sept,
Jan. 1 to Sept.
1.
1.
reports so far
CROSS EAMTTSOS.—
1879.
$3,302.9G3
6,510,239
5,537.04)0
9,013.529
3,430,682
1878.
$3,000,747
6,417,791
5,423,949
9,4874*36
3,602,145
The only ones of these reporting net earnings are
& Quiney, and for the six months of
the Chicago Bur.
.
...
:
—
.
THE CHRONICLE.
264
[Vol.
1879.
1878.
20,657
667,910
336,469
129,660
474,661
104,677
121,776
306,329
104,600
18,550
8,868
43,650
409,100
181,400
75,924
29,005
102,282
942,616
522.720
21,412
638,529
338.765
214,222
572,827
103,002
115,687
294,835
114,979
19,078
11,264
44,230
348.534
121,500
66,766
29,082
131,145
789,527
579,120
9,729,891
9,464,186
1879 these were $2,880,872, against $2,774,220 in 1878;
Mt. Vernon 4 Del.*
and the Chicago & Alton, with net earnings of $1,093,- Clcv.
Grund Trunk of Canada t
Great
West'n of Canada;
in
Aug.
against
$974,937
1, 1879,
578 from Jan. 1 to
Hannibal*
Joseph..
111. Cent (111. lino
do
(la. leased lines)
tnteruafl & Gt. North.
Missouri Kansas* Tex..
Mobile & Ohio
the same time of 1878.
St.
EIVEB & SOUTHWESTERN EOADS.
In another group may be placed together the roads
Paducah&Elizahetht'n*
running west and southwest from the Mississippi and Paduoah* Memphis* ...
St. L.AU.&T. H.(brc'hs).
Missouri rivers. It will be observed that the Kansas St.L. IrouMt.&South'n.
St. Louis &S. Francisco.
Pacific and St. Louis Kansas City & Norihern reports St. L. * S.E.-St. L. Div..
8cioto Valley
are no later than to July 31. Of those reporting, the Toledo Peoria & Warsaw
MISSOTJKl
Union
returns are as follows
:
i
TERIOD.
ROADS.
Atch. Topeka
& 8. F
Jan. 1 to Sept.
Hannibal & St. Joseph... Jan. 1 to Sept.
Kansas Pacific
Jan. 1 to Aug.
Jan. 1 to Sept.
Mo. Kan. & Texas
St. Louis Kan. C. & North. Jan. 1 to Aug.
St.
St.
Louis* S.Francisco..
Louis Iron Mt. & So.
Jan. 1 to Sept.
Jan. 1 to Sept.
1.
1.
1.
1.
1.
1.
1.
Total
The totals above show an
made on the Kansas
CROSS EARNINGS.1878.
1879.
$2,304,298
$3,719,518
1,195,076
1,122,530
1,739,159
2,365,235
1,770,520
1,807,800
1,701,369
1,747,775
2,670,362
743,709
2,516,913
$14,202,613
$11,917,550
815 799
increase of $2,185,163, nearly
&
Pacific
all
Atchison Top.
&
Santa Fe.
would be exceedingly
interesting
if,
in still another
but
;
Reading (except the Pennsyl-
group, the coal-carrying roads could be presented
&
only the Philadelphia
Wabash
Total
Net increase
vania Railroad as above), makes reports of its earnings,
and these were $8,879,846 for the eight months, Nov. 1,
Increase. Decrease.
755
29,381
...
.
2,296
84,562
98,166
1.015
6,089
11,494
10,379
528
2,396
580
60,560
59.900
9,158
77
28,863
153,089
56,400
725,374
265,705
459,669
Three weeks only of August in each year,
For the four weeks ended August 30.
For the four weeks ended August 29.
i Only twenty-six days in each year.
GROSS EARNINGS FROM JAN. 1 TO AUG. 31.
*
t
t
1879.
Atoh.Topcka* Santa Fe
Burl. Cedar Rap. & No..
Central Pacific
Ches. & Ohio
Chicago & Alton
Chicago Milw. & St Paul
Chicago & Northwest ...
COAL EOADS.
It
PaciticJ
XXIX
Chic
St. P.
Mt. V.
&
&Miuneap..
&
Del.
of
Great West'n of
CI.
Grand Trunk
Hannibal
&
St.
1878.
3,719,518
884,641
10,849,408
1,202.136
3.302.963
5,537,000
9,613.529
brohs*
Cauadat
Canada;
Joseph..
Central (III. line),
do (Iowa leased lines)
Internat'l* Gt. North..
Missouri Kansas *Tex..
Illinois
Mobile* Ohio
659,200
234,178
5,579,632
2,717,913
1,122,530
3,436,682
883,648
904,364
1,807.800
1,060,673
175,333
97,769
326,345
2,670,362
438,733
815,799
202,816
780,392
2,899,462
Increase. Decrease.
2,304,298 1,415,220
992,981
11,094.474
1.234.015
3,000,747 302,216
5,425,949 111,051
9,487.936
125,593
564,907
94.293
227,868
6,310
5,707,504
2.996,315
1,195,076
3,602.145
1,009,300
793.193 111,171
1,770,520
37,280
1,146,589
198.446
126,791
303,371
22,974
2,516,913
153,449
405,301
33.432
743,709
72,090
174,573
28,243
836,161
3,148,545
Aug. 1, 1879, against $7,902,152 in the corre- Padueah * Elizabetht'n*
Paducah & Memphis*...
sponding period of the previous fiscal year; but this was St. L. Alt.&T. H.(brc'hs).
St. L. Iron Mt. ASouth'n.
on a largely-increased coal tonnage at low prices, and no St. L. & S. E.—St. L. Div.
St. Louis & 8. Francisco.
statement is made of the expenses and net earnings Scioto Valley
Toledo Peoria & Warsaw
during the same time. A mere glimpse of the business Wabash
of the Del. & Hudson Canal Company's leased roads was
Total
61,952,826 61,007,627 2,513,322
Net increase
945,199
given by a statement published in London for the
* Three weeks only of August in each year.
months of May and June as follows
January 1 to August 30.
1878, to
108,340
245,066
31,879
127,872
248,402
72,546
165,463
125,652
85.916
23,113
29,022
55,769
249,083
1,568,123
:
t
May, 1878.
May, 1879.
$331,521
216,667
$381,532
256,306
$114,854
$125,226
Gross earnings
Expenses
Net earnings
Increase in gross
gros earnings, $50,011; increase in net earnings, $10,372
steel ratts, &c.
June, 1878.
June, 1879.
Gross earnings
$288,370
$373,230
213,580
190,061
Expenses
anth about $20,000 were expended upou
During the month
Netearnings
But
$159,650
$98,309
of the tonnage of the coal roads the
regular
months from January 1 to September
shows the following in the present and previous years,
report for eight
1
the tonnage in each case being only that originating
upon the
line to
ANTHRACITE.
Philadelphia
which
it is
credited
1879.
4,797,655
& Reading
Northern Central,
Shamokin
Div.,
&c
Sunbury Hazleton & Wilkesbarre
Pennsylvania Canal
Central of N. J., Lehigh Div
Lehigh Valley
'.
Penn. * New York
Delaware Lacka. & Western
Del. & Hudson Canal Co
Penn. Coal Co
State Line
&
Sullivan
1
Total anthracite
So
roads,
far
as
1878.
3,122,090
months
16,461,609
10,490,320
I
Hurl. Cedar Rap.
Central Pacitic
&No..
Chicago* Alton
* Ohio
Chic. Milw. & St. Paid..
Chicago A Northwest..
Chic. St. P. & Miuncup..
Ches
.
510,500
122,827
1,552,000
573,868
215,945
729,000
1,347,000
77,902
<fe
Ohio—
Gross earnings
Expenses (incl. cxtraord'y)
Netearnings
Burl. Cedar
^-Jan. 1 to July 31
,.
1879.
$
138,224
87,961
$
127,441
91,413
$
$
853,710
528,923
889,251
664,936
50,263
36,028
324,787
224,315
107,990
82,527
95,007
80,968
761,814
515,089
888,538
640,515
1878.
Rap.* North'n
Gross earnings
Expenses
Netearnings
25,463
14,039
246,725
248,023
536,843
320,814
433,473
259,392
2,720,755
1,027,177
2,437,368
1,402,431
2 10,029
174,081
1,093,578
974,937
14,529
7,788
19,194
9,773
118,328
71,917
124,301
66,728
Net earnings
Frankfort & K .knmo—
Gross earnings
Operating expenses
0.711
9,421
40,381
57,573
4,580
1,770
3,088
1,007
22,953
10,061
19,003
11,841
Chicago & AltonGross earnings
Operating expenses
Net earnings
Dakota Southern-
Net earnings
Houston & Texas Central-
2,810
1.421
12,289
7,162
the coal
Gross earnings
Operating exp. and taxes.
186,848
135,914
146,037
127,907
1,389,522
998,555
1,170,760
1,021,060
Netearnings
50,934
& Great North.—
98,295
Gross earnings
105,120
Expenses
18,730
390,967
155,700
02,398
75,917
782,588
626,200
677,506
519,507
dof.6,825
16,131
156.388
157,999
15,319
10,120
15,130
13,177
88,901
88,719
115,527
92,129
5,199
1,953
among
production for the eight
1875
12,497,547|1874
GROSS EARNINGS IN AUGUST.
Atch.Topeka* Santa Fe.
Atlantic Miss.
,
1878.
10,490,326
1876....-
1879.
July.
1879.
16,401,009
for six years past has been as follows
1879
1878
1877
,
18,311
210,285
1,453,185
2,080,998
20,032
1,326,032
1,333,439
538,636
20,620
said that the remarkable fact that the
total anthracite
publication
366,098
September 1, is far more sigaifisint for tha interests of
the coal companies than any temporary combination
The
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
17(600
271,131
2,566,370
2,717,370
21.707
2,391,342
2,158,690
922,189
31,760
country took 16,461,609 tons of coal this year against
10,496,326 tons in 1878, and left no great stoek on hand
could be.
January 1 to August 29.
562 792
regards a combination
may be
it
:
;
1878.
406.162
104,443
1,'?66.-1H0
70,088
International
Netearnings
Mcmph. Pad. & Northern—
Grofis earnings
Operatiog expenses
Netearnings
:
9,929,704
10,924,004
12,232,005
Increase. Decrease.
44,338
18,384
1,720. 0)17
663.379
189,337
522.486
Gross earnings
Operating expenses
174,007
10.484
20,008
200.514
80.540
7,214
Nashv. Chatt. & St. LouisGross earnings
Operating exp., incl. taxes
182
23,398
133,590
93,655
112,703
64,653
971,476
037,508
931,670
631,801
39.935
Net earnings
Ogdcnsluirg * Lake Champlalu—
19,176
Gross earnings
Gro
31.570
Operating expenses
28,050
333,908
302,815
43,857
37,871
5.98)-.
17.006
Net earnings.
Pennsylvania (all lines east of Pitt<hnrg ,fe Fri.
)
2,782.900gV<T
2,782.90'iB.V*'
18,196,964 16,988,670
Gross earnings
1,783.291 ),l«r,170 11,351,495 10,591,510
Operating oxpeuses
.
.
Netearnings
9»9,615 1,051,063
6,845,469
6,397,100
—
.
September
..
THE CHRONICLE.
13, 1879.
July
,
—Jon.
.
,
1 to July 31.
—
1879.
1878.
1879.
1878.
24i?01H
1 74,380
214*081
162,269
l^f.lOS
M7&33
1.180.358
1,106,100
60,632
Net earnings
Louis Iron Mt. & Sout'n—
332,160
Gross earnings
Oporat'g and cxtra'y exp. 218,140
51,812
414,745
369,63.1
299,161
177,493
2,261,262
1,661,711
2,168.37(1
114,020
121,608
599,551
47.622
36,005
„
47.720
32,605
„.„„.
319.775
11,557
15,115
124,509
Sioux City & St. PaulGross earnings
Operating expenses
28.325
20,980
27,519
21,104
188,003
171.979
Net earnings
Soutlicm Minnesota
Gross earnings
Expenses..,
1,315
0,415
16,084
50.392
23,261
53,201
30,378
315,720
139,581
18
T.^arningr''
".
Oporatlng expenses
St.
Not earnings...,
Paul A Sioux City—
Grosscnrniugs.....
Operating oxpeiisos
St.
Notearnlnes
225,200
hare been newly reorganized, and by leases or consolidations
perfected their connections, which has assisted in making lower
through rates practicable.
Besides that, our mills generally
prefer bringing cotton that way, because it then comes direct to
its place of destination, without trans-shipment, and saves all
Whether the movement will further increase
must depend entirely upon the disposition of the roads
786,788 themselves. In the absence of any better paying business, it
„
332,833 would seem as if they must make the effort to attract all they
208,424 can to their reorganized lines. Of course, however, each year's
124,409 movement will follow in great measure the increased or
decreased yield in those districts through which the roads pass.
20~,232
In determining this year the portion of the crop forwarded by
152,413
of these different routes, we have introduced no new
each
51,319
And yet, to prevent any misunderstanding, our
features.
1,381,.-.1)1
427.184
190,175
cost of handling.
this year
usual explanation
First.
Net earnings
The following June
figures
,
N. Y. Lake Erio & West.—
Gross earnings
Operating expenses
170,139
22,823
237,009
27.131
have but rceently come to hand.]
Jan. 1 to Juno 30.
June.
.
1878.
1879.
1,230.419 1,258,988
772,679
939,895
—
—
1879.
7,664,792
5,809,950
2(55
18.8.
7,131,666
5,173,920
is
necessary.
—We have followed our usual plan of counting each halt
of cotton at the Soutliern outport where it first appears. This is a
simple rule, applying to every part of our annual cotton crop
report. In this way we not only preserve the unity of the
report, and therefore simplify it, but, as a consequence, also
make
it
more
intelligible,
—From
and
less liable to error.
we consequently
deduct all cotton shipped by rail from Southern out ports to the
North. For instance, from New Orleans, Mobile, &c., frequent
OF 1878-79. shipments are thus made, an account of which is kept, but it is
COTTON'
Our statement of the cotton crop of the United States for the all included in the crop of New Orleans or Mobile, &c, as the
year ending September 1, 1879, will be found below. It will be case may be, when it first appears there, and therefore when
seen that the total 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 for Southern consumption.
ment for the twelve months. The first table indicates the They, also, for the sake of unity and simplicity, are counted at
stock at each port Sept. 1, 1879, and the total on Sept. 1, 1878, the outports where they first 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 lota
totals for 1877-78.
which thus go into Southern consumption from the Southern
outports are deducted somewhere, they will be twice counted.
RECEIPTS YEAR
EXPORTS YEAR E.VDI.VO SEPT. 1, 1879. Stock
Fourth. We also deduct the arrivals during the year by
ENDINGSept.l,
Chanrailroad from the West and South at New York, Boston, BaltiSept. 1,
Sept. 1,
Other
1879.
1*7*.
1879.
Britain. nel.
for'gn.
more, Philadelphia and Portland. Those receipts reached these
669,718
8,203 218,499 347,326 1,243,746
Louisiana.. 1,187,363 11,301,519
4,595
ports by coming across the country, and appear in our weekly
56,(119
35,583 39,982
419,071
Alabama... 362,408
123,214
2,456
-1(17,021
450,980
142,270
3,713 55.868 177,415
8. Carolina.
379,266
235
totals, becoming a part of the receipts at the ports, under the
604,67(1
197,453
7,928 23.640 232,877
Georgia
704,752
461,904
1,687
213.615 11,030 60,484 68,(1*2
082,118
461,823
353,817
5,346
heads of " New York" and " Other Ports," but now have been
13,11117
1,967
56,71(1
21,818
Florida ....
1,101
17,035
150,505
40,212
3,580
2,050 22,169
N. Carolina 135.81D
68,011
57 divided
up and included under each separate city, according to
r,6s.:;s:t
513,9*5
203,5.'«
Virginia. ..
199,815
713
3,008
386
New York. 147,808* 145,412* 298,063 14,853 19,699 38,232 370,847 38,3.58 the amount thus received by it during the year, as indicated in
108,911(1*
110,992*
124,468
2 124,470
3.234
-hi!:i<tHp':
52.861*
61,32:1*
25,879
519
26,389
3.390
the first table of this report. All this cotton, then, having been
Baltimore
20,611*
13,563*
76,278
496 18,429
95,203
1,366
Portland
8,960*
8,440*
counted during the year, must now be deducted as has been
290,524
Net earnings
480,309
1,854,812
1,957,740
Second.
the gross carried overland
MOVEMENT AND CROP
—
—
.
.
L
.
.
.
8. Fr'nclsco
127
Tot .this yr. 4,447,276
Tot. last yr.
ZW
127
12,058.514 49,313 419,005 910.7:!3 3.467,565
4,345,645 j2,036,732 125,578 495,499j688,831 '3.346,640
done.
59.110
43,449
These figures are only the portion of the receipts at these ports which
arrives overland from Tennessee. Ac.
*
By
the above
it
will
be seen that the
total receipts at the
Atlantic and Oulf shipping ports this year have been 4,447,276
bales, against 4,345,645 bales last year.
If now we add the
shipments from Tennessee and elsewhere direct to manufacwe have the following as the crop statement for the two
turers,
years.
.
Receipts at the shipping ports
hales.
Add shipments from Tennessee, &c, direct to
manufacturers
Year ending Sept. 1
1878-79.
1877-78.
4,147,276
4,345,645
•
474,255
317,620
4,921,531
152,000
4,663,205
148,000
Total cotton crop for tbe year (bales) 5,073,531
4,811,265
Total
Manufactured South, not included
The
in above.
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 statement*. 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.
is a total of 5,073,531 bales as the
crop of the United States for the year ending August 31, 1879.
It thus appears that the 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
result of these figures
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
part of the season, to the yellow fever epidemic,
•which, checking shipments through New Orleans, forced the
cotton North over the roads later on, it is to be accounted for
by the low rates for freight, which enabled the route overland
first
;
to retain the business
it
had secured.
Some
of the railroads
A Mo. Kan. A Texas KR.
»
Springfield
C
Illinois
1)
St.
*
ill.
connection.
Southeastern RK.
Central UK. and branches.
Louis & Southeast 'rn HK. (from
()
P
Q
Baltimore A Ohio RR.
A Nashville RR. and
Memphis Branch.
Through route Memphis to Norfolk.
Louisville
R Chesapeake A Ohio RR.
__
S^awneetown and Rvansvtlle.)
Manassas RK.
K Cairo A Vlnoennes RR.
T Orange Alexandria AcM
Richmond
K Evansvllle & Crawfordsvlllo RR.
U W»shlngton route, Potomac
RR.
Fredericksburg A
(i
Louisville New Albany * Chic. RR.
UAK Jeflersonville Madison A Indian- V Richmond Chesapeake A York Riv.
Railroad.
apolis KR. and Madison Rranch.
Southern route from Richmond and
I
Ohio A Miss. RR., Loulsv. Branch.
Norfolk.
I.
Ohio A Miss. RK.. main line.
„
__
W
M
Connections In Ohio of the Baltimore A Ohio RR.
X
Short Line RR., Louisville to Cincinnati.
::
—
—
..
:
—
:
: :
::
THE CHRONICLE.
2(56
examining the above diagram, and with the aid of explanamade in our previous annual reports, nothing further
will be needed to explain the following statement of the movement overland for the year ending September 1, 1879.
Florida.
By
tions
Bales.
332,101
Shipments f or the year from St. Louis
24,886
Carried North over Illinois Central Railroad from Cairo, &c
82,399
Carried North over Cairo & Vincennes Railroad
112,301
Carried over Mississippi River above St. Louis
None.
Carried North over St. Louis & Southeastern RR
Carried North over Evansv. & Terre Haute RR.. less re-shipm'ts 14,061
Carried North over Jeffersonville Madison & Indianapolis RR .. 132,270
61,455
Carried North over Ohio & Mississippi Branch
Shipped through Cincinnati by Louisv. Cincinnati & Lex. RR. . 32,193
86,796
Receipts at Cincinnati by Ohio River, &o
Carried North over Washington City Virginia Midland & Great
27 1
Southern Railroad
Shipped to nulls adjacent to river and to points above Cincinnati 12,886
.
891,619
Total carried overland
—
Deduct
Receipts overland at New York, Boston,
Philadelphia, Baltimore & Portland
St. Louis, &c, shipments to Louisville, New
Orleans,
342,698
6,927- 349,625
&o
New Orleans
2,371
Savannah
&c.:"
17,035
39,681
To coastwise ports
Stock at closo of year
Deduct:
Stock beginning of year.
-
5,277
16,547
56,716
Charleston
Georgia.
Exported from Savannah
To foreign ports— Upland
To foreign ports—Sea Is'd
To coastwise ports—Up-
460,110
land
1,786
348,302
2,937
233,012
258,828
To coastwise ports—Sea
6,500
Island
8,459
Exported from Brunswick, &c:
8
To foreign ports
18,391
To coastwise ports
Burnt
Manufactured
Stock at close of year
1,679
Upland
8— 721,494
Sea Island
Deduct :
Received from Mobile
5,962
and New Orleans
Received from Beaufort,
&c
Upland
North Carolina ports
8,665
10,196—253,346
Virginia ports
Less shipments inland heretofore deducted
98
Mobile from New Orleans
177,725
New Orleans from Mobile
5,962
Savannah from Mobile, &c
1,808
Charleston from Savannah
14—185,607— 67,739
Charleston from Wilmington
14-
now to be deducted
456
3,355
14—
635,040
25,814
75
,
1,785
1,869
3,355
...
..
Sea Island
2,847
6,932
2,910
692
4.946
2,465
16,742
99
-
30,364
604,676
704,752
•These 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 25,669 bales Upland and iJ,763 bales
Sea Is'and, from the interior of Florida, received at Savannah during
the year by rail.
Total product of year
Sontb Carolina.
Exported from Charleston, &c:
To foreign ports— Upland 374,097
5,169
To foreign ports—Sea Is'd
Leaving the direct overland movement not elsewhere count'd 474,255
To coastwise ports— Up119,485
land
"As stated above, these items are deducted— (1) so that " Southern
Consumption " can be added to the crop in one item (2) because " ShipTo coastwise ports— Sea
4,344
Island....
ments Inland" have once been counted as receipts at the ports named.
Exported from GeorgeAccording to the above, the total carried overland this year
1.897
town, <fco
9,200
was 891,619 bales, against 693,640 bales last year, and the move- Burnt
Stock at close of year
216
Upland
ment direct to manufacturers this year reaches 474,255 bales,
19- 514,427
Sea Island
against 317,620 bales a year ago. This shows an increase over Deduct :
Floridafrom
Received
last year of 197,979 bales in the gross movement, and of 156,635
1,333
Upland
2,286
now give the details of the
Sea Island
bales in the net movement.
14
Receiv'd from Wilmingt'n
entire crop for the two years.
Received from SavanTotal
21,824
6
Received from Florida
Upland*
Sea Island*
Stuck beginning of year:
1,508
.—
Total product of year
56,716
21,818
*
These figures represent this year, as heretofore, only the shipments
from the Florida outports. Other Florida cotton has gone inland to
Savannah, Mobile, &o., but we have followed our usual custom of counting 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.
Charleston,
228,422
Mobile
-1877-78.-
1878-79.-
Exported from Fernandina,
To foreign ports
'
Southern consumption and shipments inland
from*
1,884
Galveston
XAIX.
[Vol.
417,364
299,503
6,366
143,779
;
We
Louisiana.
Exported from N. Orleans:
nah, &c.
-1877-78.-1,453,096
1878-79.-
,
.'... 1,243,746
To foreign ports
191,926
To coastwise ports
To Northern ports, &c,
462
by rail and by river*
244,187
. .
Manufactured*
Stock at close of year
Deduct:
Received from Mobile ...
Received from Florida.
Received from Galveston
and Indianola
Stock beginning of year. .
.
1,909
4,593—1,442,638
177,724
150
73,313
4,086-
7,439
2 223
4,086—1,711,031
178,562
14
255,273
119,580
21,356-
319,512
Alabama.
Exported from Mobile :*
123,214
239,308
164,093
255,712
770
320— 363,612
Stock at close of year
Deduct
Receipts from N. Orleans
Stock beginning of year.
98
1,106—
1,204
636
1,106— 421,547
20
2,456—
2,476
419,071
362,408
Total product of year.
* 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.
Texas.
Exported from Galveston, &c:
To
Mexico)
Burnt and manufactured..
Stock at close of year
Deduct
Received at Galveston
113- 459,993
8
5,550
1,400
Sea Island
Stock beginning of year
Upland.
Sea Island
1,949
1,852
113-
7,406
949—
9,013
450,980
507,021
Total product of year
Included in the foreign exports from Charleston this year are 8,129
bales Upland to Liverpool from Port Royal.
Exported from Wilmington, &e.:
68,011
To foreign ports
67,878
To coastwise ports*
Taken for consumption
Burnt
57- 135,946
Stock at end of year
Stock beginning of year.
131—
131
56,677
92 >2i 4
879
5 °0
131- 150,901
396 —
398
150,505
135,815
Total product of year
~~*Ot these shipments 8,651 bales went inland by railroad from Wilmington North and 14 bales to Charleston, and are deducted in overland.
Virginia.
Exported from Norfolk, &c.:*
203,536
To foreign ports
354,592
To coastwise ports
9,925
manufacture
for
Taken
Burnt
Norof
year,
end
Stock at
folk,
&c
159,357
347,592
12,378
386- 568,439
:.-...
Deduct:
Received from Wilming--•
ton
Stock beginning of year.*
_.»„„„
519,383
3,493
......
56—
56-
56
1,905—
5,398
513,985
568,383
To foreign
* 'Norfolk, &c„" exports are made up this year as follows
all the
ports
coastwise
from
Norfolk;
to
are
shipments
all
the
ports
shipments are from Norfolk, except 115,434 bales shipped from Rich&c.
Petersburg,
mond,
Total product of year
foreign ports (except
To Mexico, from Eagle
Pass, &c
To coastwise ports*
1,852
North. Carolina.
1,187,365
1,391,519
Total product of year
* In overland we have deducted these two items, except 98 bales
which are deducted at Mobile as received there from New Orleans.
To foreign ports
To coastwise ports
Burnt and manufactured..
1,907
557
408
Upland
6,468
349,145
224,427'
4,672
234,228
747
*
239,277
*
5,346— 593,391
from Indianola, &c
Reoov'red from brig Hera
6,406
1,039
Stock beginning of year.
3,828—
:
406
3,828— 468,685
From Memphis
From Nashville
From other places
2,094
11,273
4,768—
Tennessee.
Shipments
6,862
e 88 e
Sxas & c.*.
M i3SiS8
,
:
.
386,657
47,360
416.396
53,029
574,811
409,127
in
PPi
:
1
461,823
Total product of year
582,118
* 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 1,287 bales burned on ship Lancaster and 691 bales on
bark C. W. Cochrane. As these items are included in exports we omit
'
;
them here.
;
^hvmeaMf yeT
Deduct
1,659-1,010,487
1,045- 879,597
:
Shipped from Memphis to
New
Orleans.
&0
109,984
104,866
69,555
85,936
12,950
33,666
Shipped from Memphis to
Charleston, &c
Shipped from Nashville
to Charleston,
&0
.
.
Septembeb
THE CHRONICLE
13, 1879. J
Tcmiefmce- (Concluded.)
.
1878-79.
.
.
for that
-1877-78.
474,255
facturers
Total
shipments
to
317,620
6,241— 548,329
342,698
331,268
New
to manufacturers direct...
474,255
1,
5,073,531
New Orleans, Norfolk and Charleston, whioh
Orleans, Virginia and South Carolina crops.
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-
648,888
1,
1879
* Except the shipments to
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.... 4,352,317
1869-70.... 3,154,946
1868-69.... 2,439,039
1867-68.... 2.498,895
1866-67.... 2,059,271
1865-66.... 2,228,987
1861-65.... No record.
|
total crop each year since 1832 :
Years.
Bales.
Years.
1860-61.... 3,826,080 1845-46....
1859-60.... 4,823,770 1844-45....
1858-59.... 3,994,481 1843-44....
1857-58.... 3,238,902 1842-43....
1856-57.... 3,056,519 1841-42....
1855-56.... 3,645,345 1840-41....
1854-55.... 2,932,339 1839-40....
1853-54.... 3,035,027 1838-39....
1852-53.... 3,352,882 1837-38....
1851-52.... 3,090,029 1830-37....
1850-51.... 2,415,257 1835-36....
1849-50.... 2,171,706 1834-35....
1848-49.... 2,808,596 1833-34....
1847-48.... 2,424,113 1832-33....
1846-47.... 1,860,479 1831-32....
Bales.
2,170,537
2,484,01)2
2,108,579
2,394,203
1,08.8,075
1.639,353
2,181,749
1,303,403
1.S04.797
1,425,575
1,360,723
1,254,328
1,205,394
1,070,438
987,477
Consumption.
The past year has been a truly memorable one in cotton spinning
as well as in cotton raising. Unfortunately, the nature of the crisis
the world was passing through was not generally understood,
so that each succeeding month has proved an increasing disappointment. 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 important 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 remarkable development of purchasing power, quickly exeiting 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 conditions cotton spindles increased so rapidly that against a consumption 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 4% 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 Russia has increased her takings of cotton
about two thousand bales per week, which simply means so
much less demand on Manchester from Russia.
Why, it 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
hoped was temporary, has ever since the panic and even previously—for the development then coming cast its shadow
before— been engaged
in
a
fictitious trade,
an
effort to
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
Eastern and South American trade must remain in a demoralized condition so long as silver
is
depressed and fluctuating.
Is
not therefore difficult to see how Great Britain can, during
the coming twelve months, work up to the full average of this
year ; the Continent is likely to show some small increase
it
but scarcely sufficient to make up for the falling
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 heretofore given by us, with an estimate for the year which ends
with Oct. l.Jfa the table three ciphers are omitted.
in its takings,
off in
Great Britain.
Season of
Continent.
Deliv-
Consump-
Deliv-
Consump-
eries.
tion.
eries.
tion.
Lbs.
Lbs.
Lbs.
Lbs.
Total Eirope.
DelivConsumperies.
tion.
Lbs.
Lbs.
1,408.185 1,120,100
1,529,086 .1.705,400
1,655.26(1. 1 ,639,400
1,616,836 1,570,300
1,802,500 1.098,800
2,161,72 1,979,972
1,820,870 .98.-1,022
2,083,278 2,049,091
2,133,819,2,131,836
1865-66
853,973 852,700 55 1,212 567.400
18(ji; 07
902.836 1,024,000 620.850 681.400
1867-68 1,001,810 947,500 653,450 691,900
1878-69
926,146 985,900 690.090 584,400
1869-70 1,105,360 1 ,005. loo 637,140 633,400
1870-71 1,263,024 1,195,272 898,700 784,700
1871-72 1,127,520 1,195,272 693,350 788,35(1
1872-73 1.2.80,0 10 1,227,453 802,638 821,638
1873-74 1,240,706 1,259,836 893,113 872,000
1874-75 1,198,838 1,224,377 891,262 915,375 2,093,100
1875-76 1.270,287 1,270,287 1,020,374 961,143 2,296,661
1876-77 1,278,538 1,273,256 920,032 979,895 2,198.57(1
1877-78 " 193,158 1,193,158 1,014,597 9.89.415 2.207,755
1878-79- 1,100,00011,125.0001 1,025.000 1.000,000 2.125,000
Estimated.
.
.
.
1
.
.
.
1
2,139,752
2,231,430
.
.
2.25:U51
.
.
2.1-2.573
2,125,000
•
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.
had no customers to lose other than the home demand, and
that was checked— except at ruinously low prices by reason of
We
—
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 ns 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 Eudiug with August 31—
1879.
Low
Middy
Upland
•a
•»
-
33
J)
Cotton.
35^
Cts.
Cts.
111B 10
Nov..
9%
7%
7%
7%
Deo
8 78
7*8
Ohs
7%
9%
O^ia
Sept..
Oct... 10
%
1878.
Print-
Low
«!
Si
Midd'g
Cloths, Upland « —
ing
64x64. Cotton.
Cts.
Cts.
3'ii'e
10=8
3»io
10%
s*
Cts.
1877.
Print-
Low
Midd'g
Cloths, Cpland
64x64. Cotton.
ing
Cts.
Cts.
-r%
3 1
«»
Print
lng
Cloths,
64x64.
Cts.
Cts.
4%
4%
4%
8*4
8I4
3%
11
3Hi6
109,«
8>4
3H 16 lOUj,
8%
8%
8%
8k
3%
1158
814
8*4
814
4
12%
3%
3%
12'l8
8%
8%
12
9
3*4
11*8
10%
8%
8%
1013 I6
8
5
3H
1013 18
11
11
7
3*4
3*4
338
7*4
33,8
103 16
10» l6
7*4
33s
18
7%
31 he
1018
7%
June.. 1213 16
July.. 12is
85*
4*4
11
7ia
35i«
3»i«
8%
4%
lUie
7%
3%
1115,6
8%
4%
4%
4%
Aug
81*
4*6
Ilia
7is
388
11«8
8*4
4*4
make up Jan
way for the actual falling off in demand from these
very countries. The failure >f 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.
Had it not been, however, for the fluctuations in silver, the end
would not have come so soon or been so ruinous in its effects;
in a forced
if
4,921,531
152,000
Total crop In the United States for tho year ending Sept.
New
left
is
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
1879
Below we give the
with greatly-enlarged supplies to pay for, and
not diminishing, profits to pay with.
Are we not thus brought to the conclusion that It would be
she
317,620
in the South, not included
are Included In the
but made them common to all
a series of increasingly-bad crops
Finally,
has, as it were, added the last feather to the harden.
England
pays for her food with the profit on her manufactures. To-day
diminished,
Total product from Ten816,953
nessee 4
Total product detailed above by States for the year ending
September
her other industries.
1,015- 667,780
York, &o
Add shipments
Consumed
was a disturbing influence which not only doubled the
losses in the cotton industry,
Shipped direct to manuStock at Memphis and
Nashville at beginning
of year
267
..
.
Feb..
March
April
May.
..
H8
H
3 ie
9>»18
8)4
8*4
5*4
4%
4*18
prices are given. Print Cloths—ManufacQuotations are given on or about the first of each mouth.
Note.—Sheetings— Aacnts'
turers' prices.
10%
4*4
;
We here see how materially the condition has improved. On
the 1st of September, 1878, standard sheetings were selling at
7%c. per yard of 2 85 yards to the pound, while low middling
cotton brought 31 15-1 6e. per pound; on the 1st of August,
1879, standard sheetings were quoted at 8^c. per yard when
cotton was ruling at 11 3-18c. per pound; which marks an
improvement of %e. a yard in the cloth with cotton also
%c. a pound cheaper. Comparing with previous yeara, we
must remember that the cost of production is now essentially
-
lower.
improvement in the home demand and in the
and the lower cost of manufacturing
at Manchester, may have upon our export movement is perhaps
effect the
price of our cotton goods,
In the figures we give below it will be seen that
the exports this year have not materially changed either in
value or quantity from the preceding year.
It is perhaps
more reasonable to expect no 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
uncertain.
demand
.
THE CHRONICLE
268
What
—
become a necessity
be ready to meet that condition,
will therefore
on.
later
We
[Vol.
Total crop of the United 8tat08, as above stated
Stock on hand commencement of year
(Sept. 1, 1878)—
At Northern ports
At Southern ports
At Providence, &c, Northern interior
xxiX
bales.
5,073,531
28,908
14,541—
markets
13,449
2,335—
Total supply during year ending Sept. 1, 1879
Of this supply there has been—
Exported to foreign ports during the
45,784
5,119,315
year
3,467,565
Less foreign cotton iDcluded
11,018-3,456,547
Sent to Canada direct from West.
12,981
Burnt, North and South*
14,879
Stock ou hand end of year (Sept. 1, 1879)—
At Northern ports
44,348
At Southern ports
14,76259,110
At Providence, &c, Northern interior
.
markets
0,838—3,550,355
,
Total takings by spinners in United States, year ending
September 1, 1879
Taken by spinners in Southern States, Included
In
above total
1,568,960
152,000
bales.
1,416,960
by Northern spinners
Total takings
includes not only what has been thus destroyed at the
Northern and Southern outports, but also all burnt on Northern railroads and in Northern factories. Every Are which has occurred, either
in 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.
I5P * Burnt
have to
if we would see
our cotton-goods trade permanently prosperous. A preliminary to any considerable development, is such a modification of
our laws as will in the first place take off all burdens from
This statement shows the total takings by spinners to have
this industry, and, in the second place, help us to open up
been 1,568,960 bales, of which the South has taken 152,000
a regular direct trade with the nations needing our goods.
We have no doubt that our people will soon see the im- bales and the North 1,416,960 bales. We find it necessary, on account of inaccurate estimates that are being
portance of this policy; and that when the financial quesmade on the basis of our figures, to repeat what we have
tions which now furnish a subject for contention shall have
so often said before, that a considerable portion of the
been finally settled as they very quickly will be the subtakings of cotton every year since prices were so low has been
ject of a freer trade with foreign nations must become
supply the demand of worsted, woolen and knitting mills.
the engrossing one, and whatever tends in that direc- to
no safe conclusion can be reached from those
tion will be adopted.
Below we give the total exports Consequently
takings as to the consumption per spindle of our cotton mills.
from the United States of cotton goods for the years named
The latest facts on that subject will be found in our report of 1875.
ending June 30.
It is hoped that Mr. Walker, the efficient and capable SuperinEXPORTS OF COTTON MANUFACTURES.
tendent of the Census Bureau, will be able to furnish us his
Year Ending June 30
census with regard to the cotton consuming industry by the
For comparison we give the following,
close of another year.
1879.
1878.
1877.
1874.
showing the total takings for all purposes by the North and by
Colored goods.. .Yds. 45,116,058 37,765,313 29,111,434 4,600,447
Value $3,209,285 $2,959,910 $2,446,145 $660,262 the mills at the South for a series of years.
do
shall
—
TJncolored goods..Yds-
—
—
84,081,319
Value $6,288,131
do
Other manfs of. Value $1,356,534
88,528,192
$7,053,463
$1,422,287
76,720,200 13,237,510
$6,424,154 $1,686,297
$1,310,685 $744,773
Total cotton manuf's
exported .. . Frt(«el$10,853,950 $11,435,660 $10,180,984 $3,091,332
Taken byBales.
Hales.
Bales.
Bales.
1,177.417 1,002.522 1,211,598 1,288.418
128,526
145,079
145,000 147,000
I
Northern mills.
Southern mills.
Total takings
from crop
1
.308,298 1,416.960
148,0001 152.000
1.305,943 1.207.601 1,856,598 1,435,418 l,546,298!l,568,960
Although these figures are in themselves small, the effect of
Weight of Bales.
the export movement on prices is very considerable. It has
The gross weight of bales and of the crop this year we have
kept our spindles all busy by carrying off a surplus during the made up as follows. We give last year's statement for comyear that would have weighed heavily on the market. We parison.
understand also that the business has been done at a profit
Year ending September 1, 1879. Year ending September 1, 1878.
the greater efficiency of our machinery enabling the average
Crop of
operative to accomplish almost twice the work done in 1860
Weight in
Aver,
Number
Weight In Aver'ge Number
weight.
pounds.
of bales.
pounds.
weight. of bales.
even with one hour less per day, 1,000 spindles requiring then an
501 -se
502-34
231,770.490
292.421,156
461.828
average of 26^ high-priced hands against 15 less skilled, and
582,118
462-00
47100
1,391.519
656.405,449
548,562.630
Louisiana... 1,187,365
497-93
therefore lower-priced, hands now. The future, however, of Alabama
419.071
214,509.872
61187
362,408
180,453.815
477-00
478-00
3t».871,450
004,676
288,430,452
704,752
468-74
this export trade, as we have already said, will require to S. Carolina..
45890
450,980
209.137,405
507,021
232,071,636
470-23
465-78
568.&S3
241,600,466
204,741,433
513.985
meet, and be tried by, the new conditions which are now develop- N. Carolina.
461-37
45581
150.505
09,436,185
135,815
61,905,835
470-50
48800
482,577,264
818,706
899,528,528
ing.
They may be summed up in one sentence strikes in Teun., &c... 1,025,669
—
this country pointing to higher wages, increased
home demand
leading to higher prices, at a time when Manchester is passing
through and progressing in the opposite process of economy in
production.
To what has already been said very little needs to be added
to 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 River; (2.) the
short supply of cotton.
The latter influence has tended to
Total crop 6,073,531
2,400,205,525
473-08
4,811,285
2,309,908,907
480-10
According to the foregoing, the average gross weight per
was 473'08 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
many pounds been put into each bale as during the previous
season, the crop would have aggregated only about 5,000,000
But it should be stated in the same connection that the
bales.
spinning is less this year, the cotton having been packed
make managers conservative that is, not pressing work, rather waste in
dry, which probably is the real cause of the decreased weight.
than actually stopping spindles to any great extent. It has
The relation of the weights this year to previous years may be
also led spinners to economize in their purchases of cotton, so
seen from the following comparison:
that our total takings to-day are really somewhat less than the
consumption, spinners closing last year with fair stocks and the
Crop.
Av. Weight
Beason of
per Bale.
present season with very small stocks. Altogether we should
Number of Bales. Weight, Pounds.
say that the actual consumption has increased this year about
473-08
2.400,205.525
5,073,531
five per cent. The additional spindles set up the past season will
480-10
2.309,908.907
4,811,265
468-28
2,100,465,086
4,485,423
probably reach 250,000, making the total spindles in the United 1876 77
471-46
2,201.410,024
4,669,288
1875 76
468-00
1,786,934,765
States about 10,750,000. With these explanations we give our
3,832.991
469-00
1,956,742.297
4,170,388
1873-74
usual statement of the takings of cotton North and South during the past season.
The foregoing are gross weights.
—
—
bale this season
-
•
.
.
.. .
September
..
THE CHRONICLE
13, 1879.]
The New Crop and
lis
marketing.
showing the comparative weight* of the crops
for the last few years, famishes 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
There is, however, a large
less yield than the present year.
class who dissent from that conclusion, as it is thought that the
The
.
:
last table,
269
through whose assistance we are able to continue our annual
report of that staple. As our readers are aware, no record is
kept of the export movement* 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
various States is still (after all the summer changes) about &.> each consignment, at the time of its receipt, procured from the
we indicated it was in our acreage report of last June. It must receivers the exact number of bales of Sea Island received.
be classed as a late crop; whereas the one which has just been Hence, the following results thus obtained are as accurate a*
marketed must be classed as an early crop. Yet the plant is by we can make them.
Florida.
no means everywhere equally late. In the Atlantic States and
1878-79.
1877-78.
in the upper portion of the Gulf States, the difference between Receipts at Savannah. bales.
6,228
6.228
7,703
3,0-10
at Charleston
3,080
5,550
the two years is most marked; in the lower half. of Alabama Receipts
Receipts at New York, &o
3,651
1.310
there is less difference; while in portions of Mississippi and Receipts at New Orlcaus....
to Liverpool froui
Shipment*
Louisiana the crop is fully as forward as in 1878. In Texas the
direct.
Florida
loi
211
167
drought has hastened the maturity, so that in a part of the State
Total Sea Island orop of Fla.
13,776
14,730
the crop is probably in advance of last year. As bearing upon
Georgia.
this question, and being useful for future reference, we bring Receipts at Savannah
8,236
11,311
44—8,280
at Brunswick, Ac..
—11,311
forward our data with regard to the receipt of first bale and Receipts
Deduct :
Received from Florida ....
6,228
7,703
the total receipts to Sept. 1st of new cotton for several years.
First we give the date of the receipt of first bale.
2,052
Total Sea Island crop of Ga.
3,608
South Carolina.
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
Mississippi Valley
is
,
.
,
.
'
Date
1873.
of Receipt of First Balo.
1875.
1874.
1876.
1877.
1878.
0,368
Receipt* at Charleston
Shipped from Port Royal,
1,451—10,810
coastwise
1879
No. CarolinaCharlotte.
Aug. 12 Aug. 30
.
So. Carolina
—
Charleston
.
Deduct:
Received from Florida
Atlanta
Savannah—
From Ga
From Fla
Macon
Aug. 9 Aug.
Aug.10 Aug. 7
Aug. 19 Aug. 12
Aug. 11 Aug. 8
Columbus
July 30 Aug. 2 Aug.
Aug. 20 Aug. 2 Aug. 7
July 28 Aug.
Aug. 3
Aug.10 Aug. 9 Ang.ll
July 25
Aug. 3
Aug. 2
Aug. 3
Aug. 1
Aug. 9
Aug. 9
Sehna
30
Total Sea Island crop of the
United State*
22,963
24,825
The
distribution of the crop has been as follows.
Supply, year ending
Sept. 1, 1379.
Ports of- Stock,
S.
" Miss.Val. Aug. 12 Aug. 12 July 13 Aug. 4 Aug.10 July 31 July 31
Shrevcport .. . Aug. 19 Aug. 13 Aug. 7 Aug.
Aug. 9 Aug. 8 Aug. 7
7,133
7,246
2,052
2,067
13,776 13,776
Florida
ported to
Ill
11
7,227
2,056
13.770
Total
3,490 1,679
1,538
248
211
5,169
1.786
211
2
.
2
2
2
Texas
Of which Ex
'
N. Orleans
—
Columbus
Crop.
113
15
Carolina.
From Texas.. July 10 July 13 July 13 July 10 July 10 June30July 7 Georgia
How
Distributed.
ExStock, Lcav'g
_,
Total Sep.l, for din- Great H'vrc ports.
Supply. 1879. trib't'n Britain.
Net
Sep.l,
1878.
Vicksburg
30
2
2
—
Louisiana
New Orleans—
Mississippi
n
Aug.14
Aug. 14 Ang.ll
Aug. 12 Aug.10 Aug. 2 Aug. 9
Aug. 16 Aug. 12 Aug. 5 Aug. 13 Aug. 11 Aug. 3 Aug. 4
Aug. 12
Mobile
6,1
Total Sea Isl'd crop of Texas
Alabama—
Moutgomery
33
Texas.
Receipts at Galveston
Aug. 18 Aug. 10 Aug. 1 Aug. 17 Aug. 27 Aug. 8 Aug.14
Sept. 3 Sep. 14 Aug. 14 Aug.22 Aug.28 Aug. 10 Aug.22
.-.,.-,50
7,1
Aug. 19 Aug. 13 Aug. 14 Aug. 13 Aug. 21 Aug. 5 Aug. 13
Georgia—
Augusta
892-11,008
3,636
Total Sea Isl'd crop of So. C.
.
11,106
New York
Aug. 11 Aug. 14 Aug. 9 Aug. 18
Aug. 29 Aug. 21 Aug.28 Aug. 17 Aug. 24 Aug.20 Aug.27
.
.
2.622
315
2,937
Boston
2,593
Baltimore.
l'hirdelphia
.
2,593
Tennessee—
Aug.22 Aug.15 Sept. 3 Aug. 30 Sept. 4 A«g.l8 Aug.14
Aug. 22 Aug. 12 Aug.23 Aug.23 Sept. 1 Aug. 12
Nashville.
Memphis
128 22,963 23,091
Total....
From the foregoing we
Texas—
Galveston—
Island this year
F'm Br'wnsv. July 10 July 9 July 10 July 7 July 13 Jne 30
First other
.
July 23 July 23 July 17 July 9 Aug. 1 July 17 July 2
ning of the
is
30 23.061
10.456 2.242 12,698
growth of Sea
and with the stock at the beginwe have the following as the total
see that the total
22,963 bales;
year—128
bales,
DeWitt DeWitt DeWitt DeWitt Galv. Lavaca DeWitt supply and distribution.
Where from J County
County County County County County County
This year's crop
Passed 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 Sept 1.
ARRIVALS OF NEW COTTON TO SUIT. 1.
*
1873.
Charlotte, N.
Charleston, 8.
C
Ga
Ga
Savaunah, Ga
Macon, Ga
Columbus, Ga
568
226
None. None.
Montgomery, Ala.
Mobile, Ala
New
Orleans, La..
Shrcveport, La
Vicksburg, Miss...
Nashville, Tenn
MemphiB, Tenn
1878.
1,421
304
67
288
47
195
71
9
74
190
175
320
38
32
7
396
500
51
247
212
342
00
253
117
3
6
1,500
227
898
113
156
72
216
304
114
58
429
419
40
56
46
38
1 Noue.
48
1
28
86
1,989
2,706
6,218
5,282
4,597
5,373
8.103
8,981
1,408
1,589
50
4,765
1,280
723
795
530
1,113
1879.
Estimated
;
!
22,963
.......bales.
23,091
128
Total year's supply
Distributed as follows
Exported to foreign porta
Stock end of year
bales. 12,698
30— 12,728
bales.
Leaving for consumption In United States
10,363
We
thus reach the conclusion that our spinners have con140
sumed
of Sea Island cotton this year 10,363 bales, less whatever
103
12 (if any) stock there may be remaining in our Northern ports
521
135 in excess of last year. The following useful table shows the
76
crops and movement of Sea Islands since the war.
1
004
185
734
277
1.051
187
*20O
10
48
8,091
10,527
2.467
21,402
13.336
18
3
ports to
Sept. 1
The
1,254
...
Galveston, Texas.
*
1877.
1870.
7
Atlanta,
all
1875.
C
Augusta,
Total
1874.
bales.
Stock Sept. 1,1878
no return received.
receipts for last year
would have been even larger than
they were had not the yellow fever visited the Mississippi Valley.
But even as they stand, they appear to prove, when compared with other seasons, that the crop just marketed, was one
of the earliest of our record. For thus year the movement at
Texas is exceptional, as we have already stated.
Sea Inland Crop and Consumption.
"We have again to acknowledge our indebtedness to the kindness of the various receivers and shippers of Sea Island cotton.
Florida.
1878-79
1877-78
1879-77
1875-78
1874-75
1878-74
1872-73
1871-7*
1870-71
1889-70
13,778
14,739
11.214
8.950
8,313
8.825
10,781
5,621
8,753
BSmw
1888-67
1865-88
Total
•
gia.
8.0O8
1.889
1,213
1.110
1.408
i, :::
1.0S7
4.934
.
131,851
The column
61.11111
7, 133
8.448
n
4,911
29
102.888
Total
ex-
Brit'n.'tin'nt ports.
lina.
2.0.-.2
Con-
Total. Great
4,758
7,400 204
8,759 920
13.158 1,100
8,768 81 111
7,218 704
7,331
9,(148 9,225
5.H0H
0.703 8.371
4,577
10.402 8.2911
11.212 10,015' 11,001
5,830
2,428 1 0.957
BBo-w
In the
South
Geor- Caro-
&98B
22.963
24.825
17,823
14.996
17.027
19.912
seises
16.8-15
21.609
26.507
18.882
21.275
82.228
19.015
10.458
2.242
12,591, 3,701
11,865 1,369
1,345
11,591
18,188 1,907
16.986 1.H87
822
22.847
593
14.991
81
19.844
88,778 1.940
15.388 1,8511
US
19.7117
30.814
18,080
§1
Sag
8 92
80
12.008 10.383
16.295 9,451 187
13.234 4.088 1.048
1,915 527
12.li: to
15.M0 2.192 882
18.873 2.113 588
23.489 ujn 1.667
15.584 1.528 370
19,905 1.072 635
24.716 1.889
17.239 1.388 811
158
19.808 1,870
HI
892; 80.708
1.5117
145j 18,281;
1.100
410
480
299,998 240,584 18.207 258,791 41.977 6.244
i
of " American Consumption" In this table Includes burnt
United States.
movement
Below we give the
of Cotton at the Interior Porte.
total receipts and shipments of cotton at
—
—
. ..
..
.
:
THE CHRONICLE.
270
the interior ports, and the stock on the 1st of September of
[Vol.
XXIX.
pto ujctavs 1 t&amm&xclaX gugltsft Hjciu s
each year.
Year ending Sept.
1
1878. Year ending Sept. 1, 1879.
Receipts. Shipm'ts. Stock. Receipts. Shipm'ts. Stock.
Augusta, Ga
Columbus, Ga..
91
132,387
100,609
386,129
48,542
1,273
3,971
977,592
977,875
3,688
60
25
150
63
92
287
90
101
84
150
825
876
43,233
27,469
86,655
37,601
22,297
47,263
18,718
87,859
62,133
39,382
332,437
248,069
43,067
27,435
86,595
37,631
22,359
47,413
18,801
87,711
62,213
39.286
332,101
247,087
226
59
210
33
30
137
7
249
4
246
1,161
1,858
1,055,451 1,060,527
2,803 1,053,116 1,051,699
4,220
2,020,687 2,030,953
6,774 2,030.70812,029,574
7,908
328
455
527
163,617
87,100
1,117
Nashville, Teun.
164,277
73,641
60,415
105,954
92,506
416,731
56,902
Total, old ports.
905,236
970,426
Dallas, Texas ..
Jefferson, Texas
30,363
30,000
103,779
171,347
27,420
42,981
13,128
100,418
48,166
56,280
246,674
184,895
30,435
30,055
103,822
171,511
27,368
43,094
13,055
100,527
48,139
56,294
247,350
188,877
Shrevepert,
J,a.
Vlcksburi:, Miss.
Columbus, Miss.
Eufaula, Ala
Ga
Ga
Griffin,
Atlanta,
Eome, Ga
Charlotto, N. C.
Mo...
St. Louis,
424
355
244
581
425
386
163,521
87,200
59,491
132,92?
100.68S
386,697
47,360
164,010
73,350
60,474
106,284
92,681
412,393
56,044
Macon, Ga
M'tgomery, Ala,
Selma, Ala
Memphis, Teun.
Ciuciunuti, O...
499
954
r>:t.2os
From our own correspondent^
London, Saturday, August 30, 1879.
A week of very wet 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
Bank of England rate is about to be raised, but the open
market quotations have for some days past been advancing,
and the "outside" minimum is now 1% per cent instead of
only
per cent. Some are of opinion that that advance will
not be maintained but there can be no doubt that we shall
have to import food very largely, and that unless we dispose
of our manufactures much more liberally, gold will have to be
sent away in order to balance our trade with foreign countries.
The continental exchanges, however, are in our favor, and gold
but
is arriving in moderate quantities from several quarters
about £800,000 has been shipped to New York during the week,
and further sums are likely to follow. It is not at present expected that the movement will assume any considerable proportions, but even if it should, the supply of gold here is very
large, being as much as £34,848,355, and is capable, therefore,
of being reduced, without inconvenience to the country. A
reduction in our supply of gold and an increase in the
ratrs of discount were not to be desired on account of a
bad harvest, and it is apprehended that the long-looked-for
improvement in trade is still quite prospective. The increase
in our trade with the United States is a very satisfactory feature, but as long as the American tariff is so high and so hostile to us, doubts are entertained as to its permanency, or at all
events as to its further progression. The heavy loss which the
|
%
;
;
Total,
new ports
Total, all
amounts taken from
these interior ports for home consumption and amounts burnt.
Exports.
In the first table given in this report will be found the foreign exports the past year from each port to Great Britain,
France and other ports, stated separately, as well as the totals
The shipments
in this statement include
to all the ports. In the following we give the total foreign
exports for six years for comparison.
Total Exports of Cotton to Foreign Forts for Six Years.
Exports
Fkom—
1874.
(bales) to
Foreign Ports for Year ending Aug. 31.
1875.
1876.
1877.
1878
1879.
J
N. Ori'ns. 1,147,314
Mobile
.
.
S.Car'lina
Georgia..
Texas
..
-
Florida
No. Car
Virginia
.
.
.
New York
Boston
.
.
Philadel
Baltim're
P'rtl'dMe
S.Fr'cisco
132,367
247,866
429,571
274,383
835
6,333
20,721
485,596
25,399
28,248
41,528
352
468
995,270 1,363,005 1,204,591 1,453,096 1,243,746
131,341
243,683 218,703 164,093 123,214
275,130 281,713 337,480 305,874 379,266
423,235 370.21» 298,540 354,086 461,904
224,284 236,449 258,235 225,174 353,817
44
1,362
17,035
5,277
27.267
68,011
15,375
36,374
56,677
67,212
108,693 121,169 159,357 203,536
445,172 494,374 434,158 401,959 370,847
36,259
58,078
75,310 127,874 124,470
30,844
25,144
26,389
26,090
40,007
95,203
44,567
29,114
32,316
58,367
9,176
127
431
393
415
486
Total f r'm
U.States 2.840,981 2,684,410 3,252,994 3,049,497 3,346,640 3,467,565
agricultural
community of
this country will sustain, in conse-
quence of deficient crops, must
tell
very seriously upon our
the opinion that any improvement which
may take place in our foreign trade will not be substantial
enough to compensate manufacturers for the absence of home
orders. When it is borne in mind that those countries whose
trade shows symptoms of revival are strongly protectionist, the
truth of this belief will possibly be confirmed. In consequence of
home
trade,
and
it is
abroad we undoubtedly lose a considerable amount
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 shipments can be applied to reproductive purposes are raised to too high
have taken.
a price to admit of a remunerative result. When governments
can borrow money on easy terms, it is doubtful if it is wise
New
MoGalChar- Savan- New Balti- Other
Orleans
nah. York. more. ports.
bile. veston leston.
Total.
policy to enforce high tariffs to reduce them. The British
Liverpool 660,718 56,649 20S.IH17 142.270 197,453
404,468 2,047,854 nation has, for a long series of years, paid a heavy sum annuFleetwo'd
2,831
1,383
...
4,214
Hull. &c.
5,052
Taxation might have been increased,
2,717
7,709
ally on its public debt.
London...
60
60
Cork, Faland the debt might have been more quickly reduced but politm'th, &c.
8,203
7,928 14,853
S.5R0
2,330
11,688
47,930
Havre..
211.739
00.484 54,596 22,546 19,599
4,730 409,773 ical economists and financiers were of opinion that during the
Rouen
5,923
1,272
7,195
process the public interests would suffer, as the taxes were not
Dun kirk
and Marprosconsidering the increasing
serious a burden,
837
seilles
1,100
100
2,037 so
Bremen
81,422
8,940 35,850 29,495 82,976 20,325
294,487
The money has fructified more
perity of the country.
Brenierhaven
3,008
3,008
abundantly in the possession of the public than in that of the
Hamburg.
1,000
1,398
4,600
Amst'd'rh
3,261
5,005
2,312 21,480 13,060
5,907
50,995
Government, as the prosperity of the country since free trade
Rott'rd'm
5,262
1,726
1,755
8,743
Antwerp
5,237
635
2.707
5,075
"boo
14,554
was introduced testifies. There can be no doubt that the
Ghent
1,001
2.360
2,068
5.429
Beval
150,467
2,200
6,612 11.4S6 22,707 71,68i
265,003 more restrictions of trade are removed the greater will be the
Cronstadt
24,537
4.870
2,430
2,475
34,321
Biga
4,231
1,850
1,320
7,401
prosperity of the world. Instead of being too earnest in
Hango &
Helsingreducing our debt, the taxes have been removed from nearly
1.600
fors
2,000
3,600
Seb'stop'l
5,075
4.100
7,940
17,115
every necessity of life, and probably living, on a reasonable
Bergen. ..
1,000
1,000
Gottenb'g
6,090
and judicious scale, is as cheap in this country as in any other
7,776
Nor rkopMeat is still dear, but, thanks to Mr. Glading
civilized country.
1,675
1,020
2,695
Malraoe ..
1,500
1,500
Barcelona
18,016
74,945 22,740
131,313 stone's financial policy, our breakfast table is free, and there is
Santand'r
1,800
480
2,280
Our capacity, therefore, for conS.Seb'st'n
700
700 only a sixpenny duty on tea.
Malaga.
7,056
2,156
9,806
on the national debt is increased, as
Corunna
400
400 tributing to the interest
Palrna de
all able to borrow under 3 per cent for the purpose. That is
Majorca
724
724 we are
Ferrol
150
150
say, the people can employ the money to better advantage
Pasages
500
500 to
Bilbao.
400
400 themselves, and can give a greater stimulus to commercial and
Oporto...
1,070
156
100
1,328
Genoa
1,900
6,530
13,776
160
46,802 industrial enterprise.
In plain language, if one hundred peoSalerno..
1,153
1,153
Naples...
1,158
1.S70
3,028 ple each retain £5 or £500, instead of reducing the nationa 1
Trieste...
1,692
925
2,617
Vera Cruz
17,255
17,255
debt to a Similar extent, and if they form a company which
Tampico
50
50
Other foryields them a net return of 6 or 1 per cent, they are practically
eign p'rts
borrowing money on the same terms as the S-overnment, and
Total..
1,243,740 123.214 353.817 370.266 461,004 370,847 95.203 439,568 3,467.565
are conducting a profitable operation both to themselves and the
* Exports from Charleston to Liverpool include 8,129 bales from Port Royal.
+ Exports from Savannah to Liverpool include 8 bales from Brunswick.
country. We have only to extend this operation to the count "Other ports" include the following shipments
From Florida, 13,967 bales to Liverpool, 1.967 to Havre, and 1,101 to Genoa. try at large, and it is soon seen that haste in reducing national
From Wilmington, 40,212 bales to Liverpool, 8,580 to Queenstown or Falmouth, &e., 2.C50 to Havre, 11,041 to Bremen, 1.898 to Hamburg, 900 to debt, when money is obtainable at a low rate, is neither
Antwerp, 5,397 to Amsterdam, 2.068 to Ghent, and 1,865 to Genoa.
To diminish the debt may be
From Norfolk, 199,815 bales to Liverpool, 713 to Havre, and 3,008 to Brem- judicious nor economical.
erhaven.
From Huston, 124,408 bales to Liverpool, and 2 to other foreign ports.
regarded as a virtue, but the operation should be conducted
From Philadelphia, 25.879 bales to Liverpool and 510 to Amsterdam,
From San Francisco, 127 bales to Liverpool.
quietly and with judgment.
high
tariffs
of trade; but enterprise
;
—
..
.
.
.
—
.
—
.
.
.
.
—
September
13,
1879
THE CHRONICLE
]
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 England
have exercised considerable influence, but the demand for
money for general mercantile purposes has been far from considerable. Further improvement in trade has been checked by
the very indifferent harvest prospects, but bread and provisicns
have not risen much in price, and, consequently, living is still
cheap.
Bonk
The following
rate
-
;i
are the present quotations for money
Per rout.
Per cent. Open-market rates
'sa "<
2
months' bank bills
i; m. mill*' bank bills
l^ai',,
l'-jal^s
4 & 6 months' trade bills. 2 ®3
i
I
Open-market rates—
30 ami 80 (lavs bills
months'
1>4«
bills
;l
1
1
-
The rates of interest allowed by the joint-stock banks and
discount houses for deposits are as follows
:
Per cent.
Joint-stock banks
1878.
Circulation, including
£
bank post bills
28,829.366
4.876.922
31,080,385
Other deposits
Cuvc-nim't
s.-i-urities.
Other securities
On the
subject of the crops the following appears in the
ty 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 usual,
and it is still a fortnight too early, for the harvest it self is at
least a month behind. Our OOl'lilWiilUilniili have, however, been
able with few exceptions to speak with confidence, and their
reports maybe taken as a true account of a very dismal outIt will be Been that three-fourths of the wheat report*
look.
are below an average, and only one per cent is over average ;
and barley, beans, and peas are' almost as bad. We have given
the general results of the correspondence in the following
tables, and detailed reports occupy the greater portion of oar
space to-day.
"The following, then, are our results stated arithmetically ;
the numbers of the reports received according to the character foretold over average, average, and under average, respec-
1
5.93O.0-I7
16.932,400
coin 21,305,510
Kos've of notes &
Coin and bullion iu
both departments.. 34,84S,355
Proportion of reserve
to liabilities
58'78
£
1877.
—
—
tively
:
UAnVEST
1879.
%
This week's Bank return shows that although £651, 000 had,
according to the daily returns, been withdrawn from the Bank,
the diminution in the stock of bullion does not exceed £531,369.
Coin has been returned, therefore, from provincial circulation.
The 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 Englaud, the Bank rate of discount, the price of consols, the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers' Clearing House Return, compared with the
three previous years
1879.
271
Agricultural Oautte.
lo
Discount houses at c-all
with 7 and It days' notice of withdrawal
do
Public- deposits
::
:
:
1876.
a.
2.
27.326.041
3,055,347
20,624,222
14,867,178
17.483,083
9,930,458
28,247,003
4,302,420
23,013,914
14,910,568
18.519,555
12,126,674
28.452.564
5,768, 581
27,686,451
15,259,133
15,854,353
20,621,351
21,998,473
25,029,219
33,709,326
iruim
Wheat,
3
Over average
Average
Under average
Total
1879.
Barley.
Oats.
Beans.
Peas.
09
220
103
180
58
169
08
10
00
145
130
292
292
295
221
198
7
61
"Reducing those to percentage numbers, for their comparison
with those of previous years, we have the following table
:
Wheat.
1879.
Overaverago
Average
Under average
Barley.
Oats.
1
4
24
75
35
61
20
5?
29Hi
23
05
100
100
100
"Compare, now, these percentages with those of
received in 18.78, 1877 and 1876, respectively, and it
that even with the worst of them there is a doleful
Wheat.
1878.
Barley.
Oats.
Over average
24
14
22
Average
58
43
50
Under average
18
43
28
Total
100
Wheat.
Total
1877.
Overaverage
Average
Under average
10
71-Tt
50
40
24%
100
Wheat.
12
48
40
Total
1876.
Overaverage
Average
Under average
100
Oats.
23
49
100
12
54
34
4
87
M
contrast
Beans. Peas.
7
63
30
100
Beans.
12
09
19
28
100
Barley.
Peas.
4 Hi
100
100
the returns
will be seen
100
Barley.
3Hi
Beans.
100
Oats.
Beans.
15
12
44
44
20
65
6
55
39
100
Peas.
8
61
39
100
Peas.
S3
67
11
100
100
100
100
Bank rate
2 p. c.
,..
5 p. c.
2% p. c.
"Of these three previous years, 1877 was the worst; bnt, even
Consols
971-2
94=8
95 >e
96 with
the bad account of that year's produce, this of the wheat
Eur. wheat, av. price.
49s. 3d.
45s. 2d.
G3s. lOd.
46s. 4d.
Mid. Upland cotton...
6%d.
6d.
6%d. and barley, beans and peas, compares unfavorably. Oats alone
6"i«d.
No. 40 mule twist
9>4d.
lOd.
10>3d.
10^1. are this year a fair and average crop.
Cleariug-House return 68,415,000 74,661,000 80,730,000
1,217,000
"To this account of the cereals it must be added that potaIn the demand for silver there has been no important feature, toes are everywhere either a failure or rapidly on the road to
and the price of fine bars is 51%@51% per ounce. The market destruction; that the hay crop, most of it badly made, is not
yet completely harvested; and that the mangold, swede and
for Indian exchange has been quieter, and the rates have tended
turnip crops are late and generally foul, and of less area than
downwards.
The Council bills were sold on Wednesday at usual. The rain continues, and the outlook is most gloomy."
Is. 1%d. the rupee.
Next week's sale will amount to £350,000.
During the 52 weeks ended on the 23rd of August, and which
It is officially announced that £1,595,000 in Treasury bills embraces an agricultural season, the sales of home-grown wheat
will be submitted for tender at the Bank of England on Tues- in the 150 principal markets of England and Wales amounted
day next.
to 2,492,130 quarters, against 2,028,953 quarters in the previous
Subjoined are the current rates of discount at the principal season and it is estimated that in the whole kingdom they
foreign centres:
were 9,968,520 quarters against 8,115,820 quarters in 1877-8.
Bank
Open
Bank
Open
The sales of home-grown wheat show an increase for the past
rate.
market
rate.
market.
Pr. ct.
_ _,
Pr. ct.
Pr. ot.
Pr. ct.
season, therefore, over the preceding one of 1,852,700 quarters.
Paris
li2»l% St. Petersburg ...
2
6
6
Brussols
2>a
2^-a>2«e Vienna & Trieste.
4^ 4*8®!% On the other hand our imports of wheat and flour have fallen
Amsterdam
313
3 J8®338 .Madrid, Cadiz &
off, having been 59,993,099 cwt. against 61,943,751 cwt. in 1877-8.
Berlin
4
Barcelona
4
4 @5
2%®2»s
Hamburg
4
2 «a>2 »8 Lisbon & Oporto.
5
5 ®6
The total supply of wheat and flour placed upon the British
Frankfort
4
2 ®2>4
Leipzig
4
2>4®2»a Copenhagen
4 @4 1a 4 ®4>a markets, without reckoning that in granary at the commenceGenoa
4
3 ©313 New York
5 -S6
ment of the season, has amounted to 101,317,672 cwt. against
Geneva
3
3
the particulars
Sir Rowland Hill, who first advocated the penny postage 95,244,913 cwt. in 1877-8. The following are
system, expired on Wednesday morning at the mature age of for the last four seasons
1875-0.
1876-7.
1877-8.
1878-9.
eighty-four. His scheme was adversely criticised in official Imports of wheat. cwt. 50,9 14,568 54,023.057 45,168.926 51.952.781
Imports of flour
6,567,376
6,164,793
7,920,694
9,048,531
quarters, but the correctness of his view is fully justified by 8ales of home-grown
produce.........
43,197,000 35,005,000 35,218,100 36,384,700
results.
The revenue from the Post Office in 1815 was £1,557,291. On the introduction of the penny postage system there
Total
103,190,099 96,948,751 86,954,502 97,502,274
exports
of
was a reduction in it ; but Sir Stafford Northcote calculated Deduct
938.775
909.633
1,704.068
wheat and flour
1.772,427
that the gross revenue for the present financial year would be
40-82
43-88
3 p. c.
60-93
100
Total
;
l
:
:
£6,250,000,
and the net revenue nearly £3,000,000.
This
is
an
Result. ...'
101,317,672
Av'gc priec of English
wheat for the season. 41s. 6d.
95,244,713
80,044,869
96,563,499
47s. 5d.
important result, but perhaps is only secondary to the vast
The following figures show the imports and exports of cereal
social and commercial advantages which the system insures.
The weather has been finer the last two days, and farmers produce into and from the United Kingdom since harvest, viz.,
have ventured upon cutting wheat. The temperature is very from the 1st of September to the close of last week, compared
seasons
agreeable, but it is not harvest weather, and every advantage with the corresponding period in the three previous
1
imposts.
. „_.
1875-«.
1876-7.
will have to be taken of bright, dry days.
1878-9.
1877-8.
The trade for wheat Wheat
54.9o2,781
45,168.926
cwt. 50,9 44,568 54,023,057
is firm in tone, but is wanting in animation,
8.161.«73
and the upward Barley
10,095.466 14,132.213 12.626,914
12.000.931 12.427,938 12,620.289 12,074.736
movement in prices makes scarcely any progress. Importa- Oats
1.510. 294
1,399.269
Peas
1.618,054
1,925,764
tions are large and, as is well known, an abundant supply is Beans
3.318,340
2.873.624
4,629.284
1.753.284
Indian corn
39.014,3.-8 33,850.664 32.793,426
38.835.111
afloat and in prospect.
6,160,. 93
6,567,570
Flour
7,920,694
9,048,531
48s. lid.
54s. 7d.
—
.
—
. ..
.
THE CHRONICLE
272
EXPORTS.
Wheat
Barley
1878-9.
owt. 1,594,632
108,921
1877-8.
1,610,646
111,174
29,116
22,483
619,239
177.795
15,104
20,612
20,588
245,015
93,392
Oats..
Peas
Beans
Indian oorn
Flour..
1875-6.
1876-7.
906,031
24,551
357,730
39,744
10,901
57,992
32,744
859,977
52,714
88,279
24,169
31,954
520,561
49,656
64,00*
[Vol. XXIX.
3—Str.
Frisia
Hamburg
3— Str.
Gallia
Liverpool
Havana
4—Str.
Aspinwall
Am. silver
Am. gold
—
Crescent City
4—Str. Labrador
Mon.
Tues.
Wed.
Thurs.
Frl.
Sept.
Sept.
Sept.
10.
Sept.
11.
Sept.
9.
Silver, per oz
Consols for money
8.
51%
d.
517j<i
971'is
97 11 ia
Consols for account
U. 8.5sofl881
U. 8. 4139 of 1891
U.S. 4s of 1907
Erie, common stock
Illinois Central
1055b
108%
101%
971'ia
971 in
5- Brig Tula
Belize
6— Str. Oder
Bremen
Am. silver
Am. gold
27%
89%
Pennsylvania
43%
Philadelphia* Reading
Liverpool Vottm Market.
2738
89%
43%
19%
97"n
105%
108%
105%
108 H
27%
27%
91
92
43 14
43%
19%
105%
108%
104%
105%
26*8
27
92%
43%
95%
44%
Mon.
Sat.
Wed.
Tues.
d.
8.
d.
s.
d,
*.
d.
6
23
23
6
8
3
2
2
23
Wheat,spr'g,No.2,1001b.
"
Spring, No. 3...
"
Winter,Wcst.,n.
"
Southern, new .
"
Av.Cal. white..
"
California club.
Cora, mix. ,West.$cent'l
6
8
3
2
2
6
8
3
2
2
8
8
8
8
9
3
1
8
9
9
2
9
9
8
8
9
9
8
8
9
9
9
9
Thurs.
9
8
8
8
3
9
9
9
9
2
c
d.
d.
s.
*.
6
Lard, prime West. $cwt.31
Cheese, Am. choice " 32
6
47
6
31
35
31
31
36
6
6
26
26
31
33
London Petroleum Market.
Sat.
Mon.
3
31
3
33
6
—
d.
Tons.
Tons.
33,616
47,66
289
723
138
563
865
727
1,537
2,176
Timber
Staves
Wood...'
Ashes, pot & pearl
* Ashes, leached.
•Pork
•Cheese
•Lard, tallow, and
27
27
6
Articles.
Boards& scautling
'
Thurs.
Fri.
•Wool
Hides
d.
d.
d.
•Flour
73
390
Wheat
Rye
49,340
2,075
15,001
41,417
2,463
27,108
61
228
517
"l99
®6%
a
..
..
..
..
..
®
@
meal & cake.
•Leather
Furniture
•Bar and pig lead.
Pig iron
Bloom & bar iron.
Cast'gs & iron w're
•Domestic w'lens.
•Domestic cottons
..
..
Corn
©0mnxe vcial midlfyXistzllmitaus %t vvs.
Imports and Exports for the Week. —The imports of last
•Corn meal
Barley
Barley malt
Oats
Bran & ship stuffs.
Peas and beans...
salt
1,811
283
368
797
8
388
217
1,748
6,541
781
156
1,267
1,834
297
422
27
4
221
546
54
116
167
147
3,601
8,749
4,134
8,129
292
697
15,406
25,449
Gypsum
194 Anthracite coal
.
2,258
151
03
and
horseshoes
Iron and steel
Railroad iron
Flint, enamel,
crock'ry, glassw.
All other mdse
Stone, lime & clay
87
78
3
15
*7
"Coffee
Nails, spikes,
3,272
8
7
Foreign salt
3
16
Wed.
.
2
spirits.
Sugar
Molasses
d.
..
Tons.
1
•Domestic
1
rues.
-0,6%
6%®6% 6%®6%
® .. 7%®7% 7%@8
1879.
•Hops
390
119 Domestic
*9G4
.
lard oil
d.
Pet'leum, rcf. $gal... &G^>e
Pet'leum, spirits " .. ® ..
35
1878.
Tons.
•Oil
9%
Fri.
47
26
27
Articles.
Total miles boats
cleared
261,2881325,848
d.
47
26
27
s.
1879.
$34,137 $37,417
Tolls
Shingles
s.
25
26
6
4
d.
47
d.
1878.
8 10
8 6
9 4
9 5
9 2
9 10
—
47
Pork, West. mess.. $bbl.47
Bacon, long clear, cwt.. 25
"
Short clear
26
24
2
9 8
9 8
9 8
8
4 9% 4 9ia 4 9% 4 9%
Liverpool Provisions Market.
Sat.
Mon.
Tues.
Wed. Thurs.
8
9%
Fri.
d.
s.
23 6
5,889,556 silv., and $10,696,665 g'd). $16,586,221
Same time inSame time in$4,014,254 1870
$7,900,432
$14,800,710 1874
3.077.410 1869
9,884,124
10,661,830 1873
2,916,347 1868
5,748,917
3,620,146 1872
7.032,509
8,585,800 1871
* The steamer Germanic, which arrived on Saturday, Sept. 6, brought
a large amount of specie. This was not entered at the Custom 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.
Canal Tolls and Business. Mr. Gr. 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:
Same time in—
—
—
Flour (ex. State) $bbl.. 23
9
4
97Hia
— See special re port on cotton
Liverjiool Breadstuff's Market.
*.
week ($0,851 silver, and $3.881 ,059 gold)
'$3,887,910
Previously reported ($5,882,705 silver, and $6,815,606 gold). 12,698,311
1878
1877
1876
1875
971316
105=8
232
248,191
1 00,000
194,660
Total for the
Tot. since Jan. 1,'79
105
200
12.
971 3i„
105
353
1.600
3.110
1,372
Foreign gold ...
Gold bars
51%
51%
51%
97mm 97i»i6 97Hie
105%
10S%
Foreign silver.
Gold bullion...
Gold dust
Am. gold
1,500
Foreign gold... 1,234,751
Gold bars
39,372
51%
97H le
105%
108%
330,025
4,234
12,800
Silver bars
Am. silver
Havre
London Monty and Stock Market. The bullion in the Bank
England has increased £178,000 during the week.
6.
1,116,000
291,890
3- Str. Saratoga
of
Sat.
$254,850
Gold bars
Foreign gold...
Foreign gold...
KneliMli market Reports— Per Cable.
The daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
Sent.
Am. gold
. .
6,162
week, compared with those of the preceding week, show
67
53 Bituminous coal
6,328
15
5 Iron ore
8,534 10,666
a decrease in dry goods and an increase in general merchandise. Apples
1
Petr'leuni or earth
Potatoes
8
The total imports were $7,593,817, against $6,702,469 the pre- "Dried fruit
32
331
088
20
oil, er'de & ref'd.
ceding week and $6,512,315 two weeks previous. The exports •Cotton
4,590
12
53 Sundries
6,531
28
15
•Hemp
for the week ended Sept. 9 amounted to $6,217,157, against
19
Total tons.
100,318 198,377
$9,982,608 last week and $6,211,377 the previous week. The •Clover & gr's seed
•Flaxseed
454
following are the imports at New York for the week ending
• Articles marked thus are in the "Free List."
(for dry goods) Sept. 4 and for the week ending (for general
The Homestake gold mine declares its dividend for August,
merchandise) Sept. 5:
30 cents per share, payable at Wells, Fargo & Co.'s on the 25th.
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
Transfers close on the 20th.
1876.
1877.
1878.
1879.
Dry Goods
11,718.413
$1,497,083
$2,560,571
—Parties wishing to buy or sell first-class railroad bonds
$2,000,2 11
General mdse..
2,399,255
2,578,643
5,033,246 will do well to give their attention to the list of Mr. Charles T.
3,085,246
Total week
$1,117,693
$1,075,726
$5,085,487
$7,593,817 Wing in this issue of The Chronicle.
.
I
—
Prev. reported.
Tot. s'ce Jan.
199,885,904
227,388,511
192,915,743
209,909,550
BINKING AND FINWCIAL.
1. $201,003,602 $231,464,237 $198,001,230 $217,503,367
THE UNITED
CIRCUIT COURT OF
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:
Calvin
Amory
Stevens,
&c,
No. 662,
I
EXPORTS FROM NEW YORK FOR THE WEEK.
1876.
$6,417,217
Prev. reported.. 175,312,882
For the week
1877.
8,007,457
182,798,575
1878.
$8,087,836
230,948,918
The Kuoxville & Ohio Railroad Com- Eastern
(
1879.
$0,217,157
221,001,748
Same
following will show the exports of specie from the port
for the week ending Sept. 6, 1879. and also a
comparison of the total since January 1, 1879 with the corresponding totals for several previous years:
New York
Am.
Havre
silver bars
(cont'ng
$200
gold).
6—Str. Mosel
London
Southampton
...Am. silv. bars.
...Mex. silv. dols.<
6—Str. City of Berlin
6—Bark Curacoa
Liverpool
...
Curacoa
franc pieces..
. . .Peruv. ail. soles
Am.
silv.bull'n.
$5,000
55,000
15,000
3,112
French gold,203,000
588
Total for the week ($78,500 silver, and $1 .200 gold)
$79,700
Previously reported ($10,156,782 silv., and $1,915,83S gold). 12,102,620
Tot. since Jan.1,'79 ($10,235,282
Same time in
1878
1877
1876
1875
$10,298,307
23,034.296
39,638,6*2
62,450,072
and $1,947,033 gold).$12,l82,320
Same time in—
$42,171,442 1870
$47,419,404
41,241,392 1869
25,274,067
57.252,820 1868
65,352,056
54,817,902 1867
41,315,250
silv.,
Same time in
1874
1873
1872
1871
Eastern District of Teuuesseo.
Geor-
!
Gap
Cumberland
&
[
No. 663,
Eastern District of Tennessee.
Charleston Railroad Company, &c.
Same
& Charleston RR.
Co., &c.
J
Western District of Tennessee.
J
In these cases (as well as in some others involving similar questions,
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 appolntmtnt. I am now
moved to revoke the orders for the reason, among others, that they were
premature, and in the condition of the cases as they now appear, I feel
constrained to sustain the motion. The cases are not ripe for the inquiries which the Master was directed to make, and it is not yet pertain
that the inquiries will ever be necessary. Nor can I see that the final
disposition of the cases 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 II. Delaney was appointed Master, and by which certain duties were required of him, be,
and they
_
* are hereby, revoked.
and
W. STRONG,
(Signed)
I
September 11, 1879.
The Clerk of the Circuit Court
will enter this of record.
(Signed)
W.
J.
S.
I
The imports of specie at this port for the same periods have
been as follows:
$25,000
BONDS
FIRST-CLASS INVESTMENT.
8 PER CENT SEMI-ANNUAL INTEREST, GREEN-
One
Sept.
2— Bark Hornet
Lagnayra
2—Schr.Maf thaM.Hcath.Progresso
&
Same
The Cincinnati
The Memphis
Sept
Nos. 604 and 665,
vs.
The East Tennessee Virginia
gia Railroad Company, &c.
The
2—Str. Canada
District of Tenuessce.
pany.
Tot. s'ce Jan. 1..$ 18 1,730,099 $188,806,032 $239,036,754 $227,278,905
of
STATES,
Sixth Judicial Circuit.
Am. gold
Foreign silver.
$1,610
460
WOOD COUNTY,
of the
For sale at par aud accrued
most
KANSAS.
fertile in
interest.
the State.
'
.
RIPLEY & COMPANY, 66 Broadway, N.
Y.
:
September
No
.
THE CHRONJCLE.
13. 1879.1
National Banks organized during the past week.
The following dividends have recently been announced
Railroads.
& Northwest., pref. (i|nur.)
Y. Central A Hud. Kiv. (quar.)
Chic.
N.
When
Payable.
Atlantic
&
Pac. Telegraph
(<iuar.)
Western Union Telegraph (quar.)
(Days
Inclusive.)
2
Sept. 27. Sept. 1 8 to Sept. 28
Oct. 15. Sept. 21 to
Oct. 15. Sept. 16 to Oct. 10
5
On dem.
1%
Insurance.
Miscellaneous.
Books Closed.
Per
Cent.
1
%
1%
12.
I
s
;
9
:,
p.
The money Market and Financial Situation.— The
Wall street has been largely concentrated ou the Stock
Exchange this week. The movement in stocks has been particu-
tion of
buoyant in many of the low-priced or to-called fancy stocks,
and scarcely a week in the present year has witnessed a more
general advance in the cheap non-dividend-paying stocks. Asa
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, M. Louis Kansas City & Northern,
and Wabash. All of these roads except the Union Pacific have
heretofore defaulted on their interest and have been foreclosed
the Union Pacific alone lias shown its ability
or reorganized
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 operations of the leading
larly
—
;
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
that the rest of tbe market follows the same course, and the
fancy stocks are the favorites in rao^t cases.
the first of September are reported at
Railroad earnings t
length on another page, and the tables, given here more fully
than in any other publication, are worthy of careful study by ail
Earnings must continue
parties interested in stocks and bonds.
to furnish the great standard by which railroad values shall be
tested, and a rise or fall of ten per cent in the stoc'» market under
speculative manipulation is a matter of little importance in considering 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
>
:
The following table shows the percentage
of working expenses to
gross receipts of the four great trunk railways, tbe Pennsylvania (main
One), New York Central, Erie, and Baltimore & Ohio (main stem), fortbc
past eleven years. It will be seen that, whilst the Elio has been the
costliest to operate, the Peunsylvan ia has been run the cheapest on the
general average, although the Baltimore & Ohio has been operated
almost as cheaply. Talons each of tho eleven years, and comparing
the four railroads, it is found that the Pennsylvania Railroad was operated upon the lowest percentage of working expenses in 1870, 1873,
1874, 187."», and 1877, the Baltimore & Ohio Railroad in 1868, 1871,
1872, 1876, and 1878, and the New York Central Railroad in 1869. The
Eric Railway was in every year operated at the highest cost of the four
railroads.
5s,
5s,
I
Bait.
&
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
66.86
65.97
64.70
59.58
57.46
59.72
57.80
58.74
56.18
55.73
52.83
Average
59.59
O.
6.
Legal tenders.
(is,
(is,
coup.
(.'.-Jan.
&
&
&
&
&
cur'cy, 189 v. reg. J.
cur'cy, 1896. .reg.
Ip7..reg.
cur'cy, 1898. .reg.
cur'cy. 1899. .reg.
6s,
This
•
104%,*104% 101 Hi •104V :oi % •10-1%
104% 104%
104V 104%I 104% 104
100% 100% 100% 100% 100 7s 101
101% '101%' '.01% llll's 101 % 102
'121
121
1-1 'l •121%
121 IM21
121
121
M21
121 Ha •121%
«fi
J.
J.
J.
J.
J.
I
121
121
131
*122
129
22
121%M22%
tho price bid : no tale
is
'J I
-1211s
was made
1215* •122
•121
•122
•122 %
1
122% •122%
128% •123
at the Hoard.
The range
in prices since January 1, 1879. and the amount
class of bonds outstanding Sept. 1, 1879, were as
of each
follows:
Range
1880-1. .cp. 103%
5s, 1881.... op. 101%
4%s. 1891..cp.ll04
4s, 1907.... cp. 99
(is, cnr'ncy.reg.1119%
(is,
Amount
since Jan. 1, 1879.
Lowest.
Highest.
Sept. 1, 1870.
Registered.
I
Coupon.
Aug. 29 107% June 23 $205,075,300 $77,661,050
Aug. 27 107% Jan. 15 273,4«2,N0O 231,957,550
H3.x91.050
Mch. 21 108 May 21 l<;0,10x.95O
Apr. 1 103% May 21 466,386,300 270,012,500
Jan. 4 128
May 31
64.628.M2l
Closing prices of securities in London for three
the range since Jan. 1, 187!), were as follows:
Range
Aug. Sept. Sept.
29.
12.
weeks past and
since Jan.
Lowest.
1
,
1879.
Highest.
105% 105% 105% 105 July 10 09% Jan. 4
108% 108 108% 00 Hi Mob. 24|110 May 2
104%!l05 1x04% 101 Mch. 26l 105% May 22
8. 5s of 1881...
8. 4%s of 1891.
U.S. 4s of 1907...
U.
U.
—
State and Railroad Bonds
In State bonds the only eature
worthy of note was the covering of some short sales on Louisiana
consols.
Railroad bonds have been rather less active on speculative
among the investment bonds prices remain very
transactions, but
strong.
&
Messrs. Adrian H. Muller
tion
Son sold the following
auc-
at
:
Shares.
Smarts.
51 Coney Island
(home) R.R
6
Broadway
Ins.
&
10 Star Fire Ins. Co
Brooklyn
47 %
1 95
121
Co
Co
20 Nat. Broadway Bank
50 Manhattan Gas Light Co.
.
.
Brie.
Perm.
25 Hamilton File
68.8
70.7
59.15
60.37
58.92
57.74
54.25
55.87
58.70
55.47
52.91
Closing prices of leading State bonds for two weeks past,
the range since Jan. 1, 1879, have been as follows:
Differ'noes fr'm
previous week.
—
C-Jan.
104%
•102%
102%
86.066
91.627
71.78
68 55
68.11
73.16
75.12
77.14
74.10
67.98
1878.
Sept.
7.
16,953.100
19,062,300
216,711,200
50,683,500
Ins.
Sept.
States.
do
*
This
is
19,961,600
15,50*. 100
210,574,100
45,303,900
Government securities have been
steady prices. It is to be expected now that
government bond dealings will settle down ipto a more regular
channel, and in a short time we will regard a fluctuation of +, per
cent in a day as more remarkable than a change of 4. or 1 percent
in prices has he retofore been considered.
The econonrc romance
1.
110
212
126
and
1879.
|
Lowest.
Highest.
•37 %| 36 Jnly 24 69 Jan. 6
104341103% Mch. 5 107% June 10
*2:
1
Feb. 8 25% June 14
•30% *3I>% 30 Aug. 20 42 Feb. 13
80 •80 Hi 73% Juno 20 73% June 20
41% Apr. 29 44 Mch. 28
79% Jan. 3 88% Mnv 23
105
•22
do
2d series.
Columbia 3-65s.
.
the price bid
Range since Jan.
.
•37
Louisiana consols
Missouri 6s, '80 or '90
North Carolina 6s, old
Tennessee 6s, old
Virginia 6s, consul
District of
Hc
Sent,
p(
5.
:
no
sale
1
was made at tho Board.
Kallroad and miscellaneous Mocks. — The general tone
of the stock market is referred to in our Introductory remarks
above. The notable feature is the activity and 8 rength in the
list of non-dividend-paying stocKS, many of them belonging to
roads which have been reorganized after defaults on their
observed that in some cases of the
interest.
It is also to be
sound dividend-paying stocks a sharp advance takes place in the
face of a large decline in earnings— thus Illinois Central rises
from 85J to 13i with a few days, just as the August report of
earnings shows a decrease of nearly $100,000. Wabash goes
week to 42J to-day, as the earnlast
up from 34J
months of the y. ar show a decrease
ings for
eight
of $249,000
but it is true, of course, that the main
strength of Wabash and St. Ixmis Kansas City & Northern depends on the working of the consolidated line when perThe salient question about
fected, and not on present earnings.
this consolidation is whether Mr. Gould intends to use it, as he
did Atlantic & Pacific Telegraph, for breaking rates on competing lines, until they are compelled to buy up the opposition.
Han. & St. Joseph common and preferred have been conspicuous
for buoyancy, and it is concluded that there is buying for the
the net earnings for August show a deelection next month
crease of $S4,5'i2.
St. Louis & Iron Mountain, Ohio & Miss.,
Ind. Cin. & Lafayette, as well as the more important stocks
Northwest and St. Paul, have all been strong on a large business.
;
1877.
Sept. 8.
$773,500 $213,132,900 $243,920,800
19.753.800 Inc.
69.100
21.372.300 Ino.
429,800
220.(135,600 Dec. 2.1X1.X00
40,038,5)00 Dec. 1,190,400
at
reg.
6s, cur'cy,
(is,
V
87.41
63.72
United States Bonds.
fairly active
reg. t .-Mar.
coup. O.-Mur.
12.
•103%
•103%
•104%
64.19
62.91
62.40
68.22
63.22
62.34
64.93
62.48
61.18
61.11
Loans and dis. $257,336,800 Deo.
.
Sill
I
Sept.
103 %, 103 'a 103 Hi 103
103%
103 "a 103 Hi •103%, 103 Hi
104%'«I04% 104 Hi 104 Hi 101%
'101V 104 Hi 104 Hi 104 •104%
10J% 102«a 102% *102%i '102%
102% 102% 102% "102% 102 Hi
(,|.-Fcb.
1801
1907..
1907..
'as,
Sept.
*w-
67 997
76.54
59.35
steadiness this week,
and stock brokers have usually been supplied at 5(36 per cent on
call.
Prime commercial paper sells readily at 5(86$ per cent.
The Bank of England weekly statement on Thursday showed
a gain of £178,000 in specie, and the reserve was 58 5-16 percent
of liabilities, against 58 3-16 the previous week; the Bank's
nominal discount rate remains at 2 per cent, and the actual rate
is about 1$ per cent.
The Bank of France lost 36,625,000 francs
in specie.
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 week
and a comparison with the two preceding years.
1879.
coup.
Sept.
N. Y.Cent'l.
The money market has worked with more
Bept
1881..
IH8I..
I 8X1..
1H81..
l'.,s.
4s,
4s,
1
Yoar.
Bpccio
Circulation ..
Net deposits
Its,
Sept.
V
*
&
&
&
reg. J.
J
coup. J.
J.
reg. J.
J.
coup. J.
J.
reg. Q.-Feb.
6s, 1880..
6s, 1HMI)..
(is,
jri.
atten-
.
I
Interest Sept.
Periods.
Sept. 30. Sept. 20 to Sept. 30
Oct. 1 5. Beat. 21 to Oct. 15
FHIOAV, SEPT.
of the $10 funding certificates for the benefit of the people is told
in the following Washington dispatch of September 7:
Of the ten-dollar refunding certiorates, there were sold by the Treasury Department $40,012,750. For tbe purpose of making the sale, 709
Government officers, mostly post-musters, were designated by tbe
Secretary of the Treasury as depositor* only 509 of that number however, qualified by tiling u bmicl, through whom sales were rnude to tbe
amount of $28,569,200. One hundred and eighty-font national banks
were designated for the purpose, und 70 of that number una lifted,
selling $1,197,670. The remainder, $10,245,870, were sold by the
United states Treasurer and Assistant Treasurers. The accounts of all
tlie depositaries have Iteen closed, and the entire proceed* of the certificate* sold by thcui have been deposited in the Treasury without tho
loss of a single cent; $35,860,750 In refunding certificates have been
presented fur conversion into
per cent bonds to date.
Closing prices at the N. Y. Board have been as follows:
;
DIVIDENDS.
Name of Company.
273
;
Just at the close a reaction
is perceptible.
.
.
.
.
:
.
.
THE CHRONJCLE
274
The
.
daily highest
and lowest
t>rices
have been as follows:
[Vol.
XXIX.
—
-Latest earnings reported
,-Jau. 1 to latest d.ite.1879.
1878
1879.
1878.
!
Week or Mo.
Saturday, Monda;
Chic. St. P.&Min.lthwkAug
Clev. Mt. V. &D..3dwkAug.
28,758
30,730
659,200
564.907
Sept. 8.
Sept.
7,005
6.883
•227,868
234,176
DAkota
Southern.
July
14,529
19,194
118,328
124,301
Canada South.
Denv. & EloG... Aug. 15-31
63,323
61,700
Cent, of N. J..
Denv.S.P'koi Pac. August
91,204
Chic. & Alton.
399,887
Chic. Bur. &Q.
Dubuc!ue&S.City.4th\vkAug
16,808
18,015
514,052
615,542
Chic.M.fc St.P.
Frank.&Kokomo.July
4,580
3,088
22,953
19,003
pref.
do
Gal. Har. & S. An July
98,580
83.877
&N.
W..
Chic.
Gal. Houst. & H. July
27,085
24,460
191,391
pref.
244,613
do
(iiaiidTrunk.Wk.cud.Aug.30 180,772 171,008 5,579,682 5,707.504
Chic. R. I. & P.
Gi't Western. Wk.end.Aug.29
Chlc.St.P.&M.
89,378
89,089 2,747,913 2,996,315
Clev. C. C. &I.
Hai>nibal&8t.Jo.4thwkAug 40,285
70.215 1,122,530 1,135,076
Col.Chlc.* I.e.
Houst. & Tex.
July
186,848
146,687 l,3.-<!t,.-i22 1,176,760
Del. & H.Canal
UlinoisCen.(Ill.).. August
474,661 572,827 3,136,682 3,602,145
Del.Lack.& W.
do
(Iowa).. August.... 104,677
103,062
883,648 1,009,300
Han. & St. Jo..
Int. & Gt. North. .4th wk Aug
do
pref.
44,539
43,468
904,364
793,193
Illinois Cent.
Kan.C.St.J.& C.B.July
135,467
98,916
Pacific
Kansas
Kansas Pacific... 4th wkJTy 117,363
93,476
2,365,235
1,739.159
Lake Shore
Mo. Kans.&Tex..lstwkSept
78,774
76,349 1.8*6,574 l.^l'I.SUS
Ijouisv.tfe Nash
Mobile & Ohio.... August
104,600 114,979 1,060,673 1,116,589
Mich. CentralNashv.Ch.&
St.
L.July
133,590
112,703
971,476
Mo. Kans. & T.
934,676
N.Y.L. Erie & W. .June
Mor. & Kssex..
1,230,419 1,258,988 7,664,792 7,131,666
N.Y.C.&H.n.
Pad.AiElijabetht.SdwkAug.
6,710
6,953
l'.i-.iit;
175,333
N.Y.L.E. &\V.
Pad. & Memphis.. 3d wk Aug.
3,088
3,763
97,769
126,791
pref.
do
Pennsylvania .. .July
2,782,906 2,536,733 18,196,964 16,988,670
Northern Pac.
Phila. &Erie
July
241,018 214,081 1,595.103 1,475,733
pref.
do
Phila.& Reading. July
1,303,522 987,721 7,998,189 6,658,145
Ohio JtMiss..
Pacific Mail....
St.L.A.&T.H.(brs)4thwkAug
13,300
12,296
326,345
303,371
Panama
St.L. Iron Mt. & S.August
409,100 348,534 2,670,362 2,516,913
St.LAI.M.assd
St.L.K.C.&No..2dwkAug.
56,739
76,841
1,801,493
1,887,735
St.L.K.C.&N.
St. L. ASanFran.lstwkSept
47,000
28,600
862.799
772,309
pref.
do
8t.L.&S.E.-8t.L..4thwkAug
19,544
19,349
405,301
St.L.& S.Fran.
438i733
St. Paul AS. City. July
18
pref.
do
47,622
47,720
349,775
332,833
do 1st prf.
Scioto Valley
August....
29,005
29,082
202,816
174,573
*
fiutro Tunnel. •m
Sioux City & St.P. July
28,325
27,519
188,063
207,232
78M
Union Pacific 78
Southern
Minn...
July
50,392
53,201
315,720
427,184
Wabash
39
39^1
Tol.Peoria&War .IstwkSept
27,697
27,773
808,089
863,934
West. Un. Tel, 94)^ 94^
Union Paciflo
26dysAug 942,616 789.527
" These are the prices bid and asked
no sale was made at the Board
Wabash
4tliwkAug 183,197 201,203 2,899,462 3,148,545
Total sales this week, and the range in prices for 1878 and
Exchange.— Jso change has taken place during the week in
since Jan. 1, 1879, were as follows:
the posted rates for foreign exchange, which remain at 4 83 and
4 "84 for long and short sterling bills respectively.
To-day, the
Range for
Sales of
Prices since Jan. 1, 1879.
1878.
market was steady but dull, and the ac'ual rates at which busiWeek.
Shares.
Lowest.
Highest.
Low. High. ness was done were 4 81@4'81-£ and 4 83@4'83i. The imports of
gold from Europe during the week have been very large, over
45ia
Canada Southern
4,503 45 *4 Jan.
63ifl Mch. 15
38
having been received up to the time of this writing.
Central of N. J
40,403 3 3 is Jan.
55 July 31 13% 45% $9,000,000
In domestic exchange the following were rates on New York
Chicago & Alton
4,783 75 Mch.
95 Aug. 9 66% 85
Chic. Burl.& Quincy.
1,045 11 lie Jan.
122% Feb. 19 99 H 114% to-day at the undermentioned cities
Savannah buying 4 off,
Chic. Mil. & St. I\... 136,242
70 Aug. 6 27%| 54% selling
343s Jan.
off
Charleston buying l-5@£ discount, selling £
do
do pref.
6,585 74% Jan.
98% Sept. 12 64
84% premiumi New Orleans commercial par,
bank 1-16 premium
Chicago & North w.
193,320 49»a Jan.
81% Sept. 12 32% 55%
do
do pref.
6,381 76% Jan.
99% Aug. 12 59% 79% St. Louis, 75 discount; Chicago— firm, 1-10 discount buying, 1-10
120 119 Jan.
Chic. Bock Isl.& Pac.
141% Aug. 7 98% 122
premium selling Boston, 12 J cents discount.
Chic. St. P.& Minn.*.
8,108 21 May
47 * Sept. 6
The quotations for foreign exchange are as follows
Clev. Col. Cin. & Ind.
3,444 34% Jan.
55 May 21 23
38%
Col. Chic& Ind. Cent
7,285
5
Jan.
9% Aug. 6 2% 6%
September 12.
Demand.
60 days.
Del. <& Hudson Canal
15,540 38 Jan.
51% June 2 34% 59%
Del. Lack. & Western 170,510
43 Jan.
62% July 31 41
61% Prime bankers' sterling hills on London. 4.80%3 4.82
4.83%®4.84
Hannibal & St. Jo
39,850 13H Jan.
24 Sept. 11 10
16%
4.80i4®4.81
bankers' and prime commercial
4.82%®4.63%
do
do pref. 40,436 34 Jan.
49% Sept. 12 21% 41% Good
Good commercial
4.79%3>4.80%
Illinois Central
10,002 79i4Mch.
93% Sept. 11 72% 87
4.79 ®4.79% 4.81 ®4 81%
Documentary
commercial
Kansas Pacific
13,550
919 Jan.
71 "a Sept. 9
4
12% Paris (francs)
5.28%®5.24% 5.26%®5 .21%
LakeShore
68,312 67 Jan.
93 Aug. 12 55% 71% Antwerp (francs)
5.28%&5.24% 5.26i4®5 .21%
Louisville & Nashv
15,560 35 Feh.
70% May 12 35
39
Swiss
(francs)
5.28%S5.24% 5.26%®5 21%
Michigan Central..
6,531 73% Jan.
90% Jan. 2" 58% 75
(guilders)
39%® 39%
39%® 40
Missouri Kan. & Tex.
4,700
5% Jan.
18% May 15 2
7% Amsterdam
Hamburg
93 7s® 94%
(reichmarks)
93%® 93%
,
Morris & Essex...
6,787 75is Jan.
94 Aug. 6 67% 89
94 H
Frankfort (reichmarks)
93%®
93%
93%®
Cent.
Hud.R.
Y.
&
2,939
N.
112 Mch.
121% June 14 103% 115
(reichmarks)
93%® 94%
931t® 93%
N.Y. Lake E.& West. 73,905 21% Jan.
2914 May 5
7% 22% Bremen
9314® 93%
93%®
94%
Berlin (reichmarks)
pref
do
4,550 37% Jan.
54 May 5 21% 38
Northern Pacific t
2,700 16 Aug.
18 Sept. 12
following are quotations in gold for various coins:
The
44
do
pref.t
1,760
14 Aug.
48% July 31
Dimes
dimes.
99 h
$4 82 ®$4 85
Ohio & Mississippi.
25,605
7% Jan.
17% Sept. 12 6% 11% Sovereigns
Silver %s and %s.
3 83 ® 3 85
99%
Pacific Mail
90,440 10% Jan.
22% Sept. 12 12% 23% Napoleons
92
4
72
®
4
76
Five francs
Reichmarks.
Panama
11 123 Jan.
160 Aug. 4 112 131
3 93 ® 4 00
Mexican dollars..
87 ® — 87%
Guilders
Sb. L. I. Mt. & South.
39,160 13 Jan.
333s Sept. 12
5
15% X
55 ©15 70
English silver
4 75 ® 4 80
St. L. K. C. & North.
14,805
7 Jan.
24% Sept. 12 3% 7% Span'hDoubloons.15
Prus. silv. thalers.
68 ®
70%
Doubloons.. 15 55 ®15 65
pref
do
19,944 25% Jan.
60 Sept. 4 19
26% Mex. silver bars .. 111%® 112% Trade dollars
99*4 ® — 99%
St. L. & S. Francisco
7,070
3% Jan.
14 Sept. 11
1% 4% Fine
par. ® i4prem. New silver dollars
99 3j ,W par.
gold
bars
Fine
do
pref.
7,375
4% Jan.
19 Sept. 4
1% 5%
Boston Hanks. The following are the totals of the Boston
do
1st pref.
3,086
44% Aug. 22 513 11%
9% Jan.
Sutro Tunnel
1,350
2% Jan.
4% Mch. 17 3% 5
banks for a series of weeks past:
Union Pacific
6,170 57% Jan.
81 Feh. 19 61% 73
Specie.
L. Tenders. Deposits. Circulation. Agg.Clear.
Loans,
Wabash
67,569 17% Mch.
42% Sept. 12 12ie 23%
I
*
26.299,600
50,505,511
Western Union Tel.. 62,411 88% Aug. 41116 June 11 75 14 102
3,803,000
00,023,900
8,600,100
5.. 1S3.220.500
May
"
2«.22s.*oo
3.5S3.200
50.552,817
4,194,300 *42.SC,5,SOO
132,953,200
IB..
* Range here given is from May 5.
t Range from July 30.
"
48,450,247
26,218,400
8.589,200 •44,103,900
130,290,000
8,556,100
19.
**
26,369,200
46,516,810
3,577,700
3,165,800 44,101,200
««.. 130,331,800
Total sales of the week in leading stocks were as follows.
June 2.. 129,489,000 3.503,400 3,886.700 *48,805,000 26, 137.800 44.033,8881
20.569,000
3.9IH.500
»44,391,200
51,329.031
4,168,200
1 29,973.500
St.
North- Del. L. West'rn N. Y. L. Lake
49,413.570
20,704,100
3,559,400
4,105,500 »43,897.000
130,510,500
16
Wabash Paul.
west. & West. Un. Tel. E. &W. Shore.
**
45,176,053
26,675,100
4,118,400 »43,008,400
130,963,000
3,557,700
a»,
.
.
C
•
.
—
;
-
,
,
;
;
.
—
:
—
—
;
;
:
.
.
—
—
—
—
—
—
—
&%
XX
—
—
.
Sept.
"
"
6
8
9
2,500
6,800
13,550
13.500
16.369
14,850
10
*'
11
"
12
13,425| 35,410
33,570 44,110
19,187 34,100
14,660 25,000
19,800 33,500
35,600 21,200
5,900
55,170
18,450
49,000
20,900
21,090
5.050
4,901
21,640
20,690
6.350
3,780
13,450
16,020
18,950
11,875
7,300
6,310
6,525
13,112
12,750
6,400
6,625
22,900
»
July
:«)..
7..
'*
14
"
IK..
"
IX).
Aur
*
4..
II..
"
1M..
25..
*»
Total .
67,569 136,242 193,320 170,510 62,411 73,905 68.312
Whole stock. 160,000 154,042:149,886 524,000 410,500 780,000 494.665
Sept
The total number of shares of stock outstanding is given in the
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jam 1 to latest
*
.
dates are given below. The statement includes the gross earnings of all railroads from which returns can be obtained. The
columns under the heading "Jan. 1 to latest date" furnish the
gross earnings from Jan. 1 to, and including, the period mentioned in the second column.
—
Latest earnings reported.
/-Jan. 1 to latest dateWeek or Mo. 1879.
1878,
1879.
187
.
Ala. Gt.Southern.June
$23,263 $20,950
F.4th wk Aug 127,500 123,519
Atl. &Gt. West... July
358,105 307,188
AtlanticMiss.&O.July
138,224 127,441
Bur. C. Rap. & N. .4th wk Aug 45.698
40,498
Burl.&Mo.R.inN.Juue
140,736
90,590
•Cairo&St.Louis..2dwkAug.
6,010
4,793
Central Pacific
August. ...1,552,000 1,726,667
Chos. & Ohio
August.... 215,945 189,337
Chicago* Alton. IstwkSept 137,623 107,612
Chic. Burl. &Q... June
1.160.968
897,090
Chic. Mil. & St. P. IstwkSept 227,000
177,796
Chic.&NorthwestAugust... .1,347,000 1,266,460
Atch.Top.
& S.
.
.
.
1..
130,583.300
134,S24,SOO
129,931,700
128,000,500
127.890.5O0
128,085,500
129,1*3,000
130,578,100
131.174,200
129,447,200
127,747,900
2,304,298
853,710
889,251
884,641
992,981
862,688
735,081
142,513
137,980
10,S49;408 ll,094;i74
1,202,136 1,234,015
3,440,586 3, 1081359
6,510,239 6,417,791
5,764,000 5,603,745
9,613,529 9,487,936
4,433.500
4,717,100
5,433,900
5,890,800
0.3SH,
5,354.200
5.043.900
5,159.100
4.777,000
4,875.200
4,182,000
Other than Government and hanks,
Philadelphia Banks.
— The
»44,795,300
•45,332.100
•45,858,600
•47.007,900
•46,772,700
26.578,300
26,1540,000
20,1115,3(10
•45.S03.SI 10
20,538,700
20,572,500
26,035.200
20.700,600
28,749,800
•44.409,300
•42,945,000
•43,340,700
26,981,400
27,117,800
40,a38,500
•46,854.900
less Clearing
20.S32.1IK)
47,775.068
51,738.037
47,866,112
49,241,607
48,383.417
43.253.354
43,813,878
48,193.104
51.820.024
44,812,5:6
House checks.
totals of the Philadelphia
bankg
are as follows
Loans. Lawful Money. Deposits. Circulation. Agg. Clear.
Mar. 31
inril 7
"
"
14
21
"
28
May
"
"
»
12
19
"
26
2
9
" 16
" 23
« 80
July 7
» 14
" 21
June
3,719,518
3,547,400
3,585,200
3,020,400
3,590,900
3,572,600
3.567,500
3,501,200
3,496.300
3,474,900
8,531,200
3,304,200
•'
28.....
4
Aug.
" B 11
» 18
•'
25
Sept. 1
8
I
59,006.342
59.994,059
60,564.971
60,548,117
60,122,582
60,174,972
59,914,820
60,160.886
60,915,891
01,429,856
61.917,078
62,030,882
61.810,188
61,740,807
62,221,496
62,171,993
61,974,527
61,415,448
61.932,961
02,740,441
02 688,249
62,972.906
62.784.72S
62,880,204
t
14,890,998
13,701,738
14,022,748
14,516,885
11.369.037
I
1.948,9,89
15,353.558
16,138.078
15.919,569
15,988,439
15,790.707
15,883,014
15,311.015
15,790,181
10.205.151
10, ,-,33,0'3
16.307,446
I7.4O5.S10
17.396.893
17,590,102
17,011,709
16,31 1S.517
16,589.218
10,569,557
45.256,862
45,111,747
40,552,535
47,238,852
47,044,599
47,620.868
.J7.7.SO.O50
49,143,439
49.033.2s4
19.941.008
50,303,092
50.721,250
49.7I8.4S3
50.309.722
51,378,986
51,811,642
51,512,347
51,901.368
52.980,548
52.719,432
52,015,168
51.415,739
51,565,795
51,580,458
11,422,038
11,520.122
11.509.940
11,516,236
11,508,643
11.498,821
11,492,197
11,470,011
!l,405,s.-,7
11,449,130
11,481,493
11,424,901
11,397.218
ll.3s3.105
11,398,808
11.406.6S0
11.423.S10
11,115.715
11,406.477
11,437,610
11,438,106
11.430,589
11.445.171
11,500,647
29,945.441
3S.053.745
30,561.240
38,407,058
34.295,148
37.642,886
40,010,138
3S.955.072
39,353,762
31.S05.4s6
40.7so.076
38,804,535
37.570.238
34.442.141
37.7S9.091
34,090,405
37.107.358
84.940,697
35,745.324
a5.792,049
88,011,856
31.31S.S58
30.002.487
33.978,324
J
.
..
.
.
S EPTEMBEH
.
.
..
—
New
York City ifaiiu*. 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
•BOTJBITIII.
New York
New
ft
Mechanics'
Union.
America
Phoenix
City
Tradesmen's..
Fulton
Chemical
Meroh'nts' Exeh.
Gallatin Nation*!
Butchers'&Drov.
Mechanics' & Tr.
Greenwich
Leather Mun'f'rs
Seventh Ward...
Btatoof N\ fork.
American Exch..
Broadway
1,111111
I.
Pacific
Bepubllo
Chatham
People's
North America..
Hanover
Irving
Metropolitan
1,000,000
422,700
1,500,000
450,000
412,500
700,000
1,000,000
500.000
3.000,000
Citizens'
Nassau
Market
Shoe * heather..
Corn Exchange..
Continental
Oriental
& Tr..
Grocers'
North Hlver
East River
Manners*
1.8 13.300
3,64(1,100
1.818.200
1 .404,000
8.351.600
15.1150.000
1,500,000
2,000.000
000,000
833.000
240,000
250,000
DWSOOisool
662.000
675.600
889,800
88 1,500
808,500
100,(100
Central Nat
Second Nation '1.
Ninth National..
First National..
Third National..
N. V. Nat. Kxch.
Bowery National
N. York County..
Gerru'n Amoric'n
Chase National.
8(10,100
1,000,000
Mer..
Fourth National.
1,131,000
833,800
8,714,800
3.010,000
300,000
400,000
Park
Mech. Bkg. Ass'n
1,879.9(X)
1,0110,000
Marine
Importers'
10,728.200
3,887,300
8,472,700
15.000.300
8,455,000
2,330,000
4.113.OO0
0.015.700
7.56S.5O0
1.1H8.200
1.201.700
1.087,400
1.8*8.300
2,165,700
3,800,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
850,000
800,000
750.000
300,000
195,000
400
44.01M1
1.100
200,000
5,803,800
1,709.000
1,158,700
11,074,800
8,960,100
1,888,400
1,091,200
860,000
701.300
8.051.300
799,200
Worcester
do
do
do
do
087.1X10
1,873.71X1
9.293.01X1
9.580.900 1,000,100
3.415.700
800.800
3.405.700
179,400
2.093.500
1,013,000
838,000
8,087,500
408,31X1
1.300.500
5,400
1,670.400
5,083,700
870,000
8.807.700
884.500
10,178,000 2,481,000
1,462,400
240,300
1,889,01X1
3.000
1.785,700
845.800
1,362,400
450,000
8.800,000
450,000
8.800,500
4.700
4.078.400
782,000
1,191,000
8.813,000
357.100
17.340.000 1,101.800
14.801.600
080.700
455.000
808,400
801.400
818,000
609.300
147.000
347.800
13.858.300 1,010.800
7.S33.00O 1,483,000
8.348.000
869,000
3.718.000
500,000
10.825.000
184,800
7.901.800
799,600
810.000
868,900
980,000
884,700
1,100,500
180,000
1,030,100
2,208,800
840,300
.
do
.100.800.800 257,880,800 19,703.800 40.088.900 226.835,600 81,378,300
l
The
deviations from returns of previous week are as follows
Loans and discounts
Dec. 1773,500 Net deposits
..Dec. $2,181,800
:
|
Specie
Legal tenders
Inc..
Dec.
The following
1878.
I
Circulation
*
235,821,400
Specie.
*
18...
25...
1-Vh.
IB ,.
81...
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
1...
8...
1...
8...
15...
88...
89...
5...
12...
10...
28...
8...
Jlnj- 10...
17...
24...
81...
May
May
May
May
233,168,400
234,416,800
238,841,400
848,280,200
211.1.80,500
844,007,000
846,716,900
847,674,800
2111,381.500
843,839,800
810.158,500
835,836,61X1
830,448,900
231.151.300
231.096.IXX)
230,357.800
242,041,600
85:l.s:>8,5oo
AUK.
Aug.
Aug.
Aug.
IB...
88...
SO...
857,638,500
857,272 SOO
857,878,800
TOO
856,891,000
855.901,600
853,575,500
857.083.500
863,951.900
888,718,800
860.582,600
867,880.100
878.936.000
271.311,000
803,570.100
258.10: 800
Sept.
6...
857,3811,800
June 7...
June 14...
June 21...
June 28...
July
July
July
July
Alls.
25.8.3: 12.
5...
18...
19...
86...
2...
0.-.
1,
QUOTATIONS
IN
weeks past:
L. Tenders. Deposits. Circulation.
a>
*
a.
40,787,000
203,209,700
19,078,700
320,696,134
49,065.800
8.o: u.noo
54,048,800
51.135,100
19,767,000
19,617,000
19,488,600
19,487,100
89,173.400
811,590,600
814,981,200
219,219,200
210,387.300
217,871,800
816,388,600
813,180.100
313,893,100
810. 503,300
36,972,61X1
806.591,41X1
31,808,000
31,815,800
30.115.100
40,678,100
198,945,600
486,382,540
507.331,740
611,674,088
403,410,015
453,730,433
434,008,904
518,897,775
501,321,270
400,417,429
413,802.738
300.872,657
461,180,657
423,259.550
487,843,450
003,108,030
046,798,625
691,290,770
598,236.801
1
17.810.300
18,088,500
17,031,300
16,456,500
16.015.300
17,312.400
18,803,700
18.1111.800
KUI
18.1X13,1X10
18,875,600
18.888.100
18.516,200
1.8.745.600
18,703,900
18,802,400
8 785 4110
18,785,400
18,096,700
18,780,000
5:1.5oo.iiii')
48.334.8011
45,377,001)
48,1151,800
40,5113.8110
45.821.5110
49,440,500
53.576,700
49.150,000
48,884,000
41
7U1 JftO
41,791.400
42,322,800
44,851,900
lD.a96.0lX)
ll).:l:15.!ii)0
10,333,400
19,836.1
19,335.300
19,890,000
10,013,100
10,630,000
10,090,100
10,721,200
10,707,600
19.683,100
19,688,000
19.885,400
200,255,000
204,514,200
214.331,700
224,937,200
880,484.700
227,'340,'ooo
Mo.'lloo'liito
10.85j8|flOO
-?*.! OOft
OO*
225,754,000
838,963,300
837,316,700
280.177.000
Vn
ID
tfAU lOO
10,869,400
10,077,800
30,056,800
AO<\
ot.K
488,750,305
472,838,0.88
450,0.81,011
1.1,8511,100
20,156.2110 408,961,901
46,002,600 88H,llH,,ioo 30.371,300 438.730,690
49.544,600 236.007,300 80,542,000 438.020,488
19,971,500 51,301,900 211.1188.8111) 80,509,000 391,835,789
80,01 1,700 50,508,000 840,154,300 80.531.0110 481,691,057
10.987,600 54,288,100 213.383.000 80.549.500 494,794,747
111. 058.1. in
57.055.100 254,770,700 80.5lll.8l in 491,715.801
10,634,100 00,435.500 253,230.800 80,683,100 580.030.583
19,553,800 43,974.000 848,474,600 20,719,500 805,018,052
10,(131. l(K) 41,838,600 835.953,900 3O.887.5II0 482,888,360
10.081,700 41,870,300 888.817,100 20.942,000 476,563,861
19,753,800 40,088,000
31,373,300 452,345,265
19,61 10. 100
10,88I),,100
do
Delaware
Bid. Ask.
SKCt/BITISS.
City. St. Jo.
New York
ft
do
Omaha
Pueblo
7s
113^ 114
land grant 7s
do
land inc.
8s.
113),
10S* 109
B. Is.
Eug. 7s.
Lake Ch. 8s.
.
.
.
.
ft
&
i
103K
«;«
Western, 8s ....
Ark. Valley, 7a
do
ot
6s,
&
10O«
Nebraska
40
boston
Burl,
ft
6s
78
108
ft
11 4
77
new now
':::
Boston
ft
Providence
llorliii^ton
Providence 7s
Mo., Ianderant7s
48
130«
6s
Lowell
W
& Mo.ln
120
Neb.... 117
Cheshire preferred. ...
Ohlc. Clinton Dub. ft Mln....
do
do
44
41H 41*
6
49*
48
04
Pennsylvania
Philadelphia* Brie
42K
55),
Bait.
>%
18
lo«
18).,
Baltimore.
'Iii
Pittsburg Titusv. ft Buff
15
St. Paul ft Duluth R.K. Com
do pref. 40
do
Companies
United N. J.
;4ox
West Chester consol. pref
30
WestJersey
CANAL STOCKS.
Chesapeake ft Delaware......
Delaware Division
28 *
Lehigh Navigation
01
Morris
do pref
Pennsylvania
Schuylkill Navigation
pref...
do
Susquehanna
RAILROAD BONDS.
Allegheny Val., 7 3-10s, 1396.
113
7B,E.ext.,1910 III.)
Jo
Inc. 7s, end.. '94. §e
do
«',
2d m.
6s. *3i..
180^
1st.
2<1
28
30
S5K
55S*
106H 107
7I»
do
Neb. 8s, 1883
80
Conu. A Passumpsic, 7s, 1897.
141
143
hastern, MasB., 4 <s, new. ... 78W
43',
40
78K
Fltchburg KB, 6s
10H 17
do
7»
Eastern (New Hampshire). ..
Kan. City Top. ft W., 7s, 1st
.17
i'l's
113K il4V<
do
do
7s. Inc
107
Kan. City Top.* Western.. .(
116
f
110
pref.
108), 105
Parkersb'g Br. .50
90
59
;'s*
35
10!
.
.
18H
38
102
i.
.
6s, gld.iwxj, J.4.J
6s, 1st m.,'90,M.& s
104
I'ti'-a
I05X 106
W. Md. 6s, st m., gr '90..I.4
do 1st in., 1890, J. A J...
do 3dm. .guar., J.& J
do 3d m.,pref
do 2dm.,gr.by W.Co.J&J
do 6s, 3dm., guar., J. ft J.
113
1.2
113
70
I
4
'.08
I...
114
',.
6s,
long
.
t 105
I
. .
.j
.
.
115
do reg., 1893... 115X 116
do
do 24 m. 7s, reg., 1910.. 119 120
do con. m., 6s,rg.,1923 107* 108
do
6s,cp.,19.'3
do
103
Little Miami 6s, '83
Ham. ft Dayton stock.
Columbus 4 Xenla stock..
+ 100
Cln.
32M
113
Dayton 4 Michigan stock.
88)1
do
8. p.c. st'k, guar 106
Little
Miami stock
loi
Little Schuylkill, 1st in. 7s '82
isvii.li:.
North. Penu. 1st m. 8s, cp.,'85. ioo iib'x Louisville 7s.
do
2d m. 7s,cp., '96.
118
6s, '82 to
+
do
do gen. m. 7s, cp., 1903. iVo
do
6B. '97 to "94
t
do gen. m. 7s, reg., 190*1
water 6s,'87 lotil
do
Oil Creek 1st m. 7s, coup.,'88. 83
water stock 6s,'97.t
do
l-lttab. Titusv. ft B., 7s, cp.,'96 Si
wharf 6a
do
t
scrip....
do
spec'! tax 6s of '89.-1
do
Pa.&N.Y.C.ft BE. 78,1896 ....
Louisville Water 6s, Co. 190; 4
Pennsylv., 1st m., 6s, cp., '80. 103M
Jeff. M.ft l.lst 111. (IftM) 7b,'8lt
do
gen. m. 6s, cp., 1910.
*
2dm., 7s
do
gen. m. 6s, rg., 1910.
do
1st in., 7s, 1908..
do
do
cons. m. 6s, rg., 1905.
Loulsv.C.ft Lex. 1st m.78,'97*do
cons. m. 6s. cp., 1905. 100*
Louis.* Fr'k.,Loutsv.ln,6s,'S!
W
104«
108
108
108
108
108
108
105K
100
104
113
11JH
101
Loulsv. ft NashvUle—
+ 108
Leb. Br. 6s, '86
1st in. Leb. Br. Ex.,78,'80-S5.t 103
Lou.
do
In.
2d m. 7s.cp.,'S8.
Bead. 1st m. 6s, '43-'44.
'I8..I".
do
do
Jefferson Mad.
do
3dm., 7s, cp., IS
do
deben., cp.'io*
do
cps. o&
do
do
scrip, 1888
do
In. m. 7s, cp,lS£6
do cons. m. 78, cp.,191!.,
do cons. m. 7s, rg.,1911.
St.
ft
6s, '93.. .1
4 Ind. stock.
101X
103)4
ST. LOUIS.
long
t 105
Louis
6s.
do
do
do
do
ao
t 106
water 6s, gold
do new.t 10W
do
bridge appr., g. 6s t
renewal, gold, 6s.
sewer, g. 6s, ^i-'i-S-t
St. Louis Co. new psxk,g.6s.t
do
S
180
18»H
I
83
Per share.
Cou. to Jan.. '77. fun ed.
U4X
110* 111
100
pr.
117
115
.
llarrlsburg l8tmor».6s, '83... 105
no
&B.T. 1st m. 7s, gold, '90. ...
2d m. 7s, gold, '93.'l01)i
do
3d m. cons. 7s, '95 #
do
• In de'anlt.
111
CINCINNATI.
H.
Erie 1st m.6s,cp.,'8l
100
do
7s
t 107
103
do
7-SOs
tU5
do
South. RB. 7-808. 1 115
do
do 6s, gold t 105
Hamilton Co., O., 6s. long..
102
do
7s. Ito5yrs..tl03
do
74 7-80s,long.t 110
Cln.ft Cov. Bridge st'k, pref. no
Cln. Ham. 4 D. 1st m. 7s, '80+ 101
101X
do
2dm. 7s, '85 tt 101
Cln. Ham. ft Ind., 7s, guar
78
Cln. ft Indiana 1st m.7s
+ 102U,
do
2d m. 7s, '17. t ~
Colum. ft Xenla, 1st m. 7b, '90
Day ton ft Mich. 1st m. 7s, '81 +
do
8dm.7s,'S4.+
do
3d m. 7s, '88+
Dayton * West. 1st m., '81 .t
do
1st m., 1905.
do
1st m.(s, 190.1
Ind. Cln. ft Laf. 1st m.7s
do (l.ftU.)lstm.7s,'88T L
111
do
110
105
110
Wash. Branch. 100 140
Cincinnati
.
Phlla.
116
HXI
107
loll
m
6s, 1909-1904
108
Chartlers Val., 1st m. 7s,C.,190; 100
Delaware mort., 6b, various.. 106
Del. ft Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7b, '88 . Loo
E1.4 W'tnsport, 1st m., 1s, '80, 108
l"hlla.ft
1O0«
101
114
Cln. 7s, '93, F. 4 A ... 04V 94H
do
3d, M.4N
do
8s,8d,J.ftJ
20
Union BB. 1st, guar...l. * .!..
do
Canton endorsed. 108
103
do
Navy Yard 6s, rg.'tsi 100
Pe n. ('0,6s. reg
Perklomen 1st m. 6s, coup., '91
%
Par
W.
toil
Ithaca* Athens 1st g d, ;s.,'99
Junction 1st mort. 6s, '82.
do
2d mort. 6s, 1900
Lehigh Valley, lst,6s, cp.. 1898
74
117
Northern Central.
Western Maryland
Mar.
Connecting
5s,perp
J
4 Ohio....
do
.
do
—J
J.4
Cen. Ohio
22X
Cam. ft Burlington Co. 6s '97. 105
Catawlssa 1st, Ts, conv., '82.
chat, m., 10s, '88
do
1900
ko
I0O
110
Va. 8d m.,guar.,'85,.J4.I 105
Plttsh.* Connell8v.7s,'98,J*J
108J4 106X
Northern Central 6s, '85, JftJ 108
110
do
6s. 1900, A.ftO 109),- 110
6s, coup., '89 108
mort. 6s, '89
111)
ft Atl. lBt m. 7s, g., 1*13 110
2dm., 7s, cur., 1879
do
new7s
6s,exempt,'95.M.4S
8s, 1900, (J
6s, 1908,
Central Ohio
so
Pittsburg 4 Connellsvllle..50
N.
do
do
do
J.ij
BAILROAD BONDS.
Ohio 6b, 1880, J.ftJ.
do
6s, 1885, A.40.
3dm. 6s, '87.. l..l2'.j
do
Camden ftAmboy 6a,coup,'S3 105
Cam.
lowx
1888,
Bait, ft
.
do
6s,;866,
do
do
do
do
i
4
Belvldere Dela. 1st m.,6s,1908.
108
6s, 1890, quarterly, x
113X
6s, park, 1890,(4.- M. 118
68, 18»8,M.48T
llfl
5»,l9i6,new
Norfolk water, 8s
BAILBOAD STOCKS.
50),
451,
Beading
Trenton
ft
do
do
do
do
do
do
do
do
'•y
Nesquehonlng Valley
Norrlstown
North Pennsylvania
ft
I03X
Dela. 1st 6s, rg.,-*!
6s, defense, J.4 J..
6s, exempt, 1887
«s, 1890, quarterly..
5s, quarterly
_
Baltimore 6s, 1S8I, quart. ...x
45
81
kill.
Little Schuylk]
Silnehlll
Pnlladelphla
Philadelphia
ft
do
do
do
17
10
9
43
Lehigh Valley.
Cheiap.
BALTIMORE.
Maryland
.10
11
Har. P. Mt. Joy ft Lancaster,
Huntingdon ft Broad Top...
do pref.
do
118
do
2d m. 6s, reg., 1907
do 6s, boal4car,rg.,IJ:3
do 7s,boat4car.rg.,19..i
Susquehanna 6s, coup., -.9:8.
.
pref.
V)
4s,cn.!89S
I* p. B.,'96
Morris, boat loan, reg.,
pref..
do
llV
cp.,16
Pennsylvania 6s, coir., :»I0.
Schuylk. Nav.lst ra.6s.rg.,-97.
RAILROAD BTOOKS.t
Camden ft Atlantic
new pref
do
Delaware* Bound Brook....
East Pennsylvania
Elmlraft Wllllainsport
6s,
7s,
55
Delaware Division 6i, (;p.,'78.
Lehigh Navlga. m..«s, reg.,'M
do mort. BB., rg.,'91
do m. conv. g., rcg.,*w
do mort. gold, Vt. ... 10J
118)*
do cons. in. 7s. rg.,1911
coupon
do
do
Calawlssa
pref
do
80*
CANAL BONDS.
I80X
coup
llarrlsburg City 6s, coupon
m.
m.
U7
8s.
& Lowell 7s
ft
108*4
100
180
ios'x 108
87
188
Boston
Boston
08
S.
Canada, new
Vormont ft Mass. ltU.,68
STOCKS.
tAt.hl o
07
109%
6s
Vermont,
do
33X
&C.
New
t><densburg ft
Oid Colony, 7s
t...
gold
Bid. Ask.
.
& coup.
7s, reg. ft
83'
lbs
m..6>,g.,itu]
We»tern Penn. UK.
Camden County 6s, coup
Camden City 6s, coupon
BOSTON. PHILADELPHIA AND OTHER CITIES.
Kan.
Chicago sewerage
19,3! 18,8011
10:1,181.700
11)5,303.700
BOSTON.
5s,
m,
17.344,600
17,131,700
SKOUBITIKS.
Vermontfis
Massachusetts
Agg.
"" Clear
80,514,100
1879.
Jan.
Jan.
Feb.
Feb.
489,800
..Inc..
are the totals for a series of
Loans.
!)•<: 28...
69,100
1,190,400
rg.
do
118
,lo 7s, itr.lmp., reg. ,'83-36.
Jersey 6s, reg. and coup. .
exempt,
1st
lit
•Jo
5s, reg. ft cp., 19m.
6s, gold, reg
7s, w't'rln.rg.&co
do
cou.
106)4
lnc.ftl.gr ,7s 1115
Titusv. iiib. 7i. '90.
United N.J. cons. m.6s, 1M..
Warren ft P. latm.7s, 'M
West Chester cons. 7s, •»!....
West Jersey 6s, deb., coup..'*)
106),
Allegheny City 7s, reg
Pittsburg 4s, coup., 1913
N.
Potuv.7i. inn
Un on ft
Philadelphia, 5s reg
6s, old, reg....
do
do 6s,n.,rg.,prlorto*95
do 6s, n., rg.,1395* over
Allegheny County 5s, coup..
do
do
do
V.ft
ft Ind. 1st, 6s, 1884.
60(4 gtonyCreekistin.il
1*07....
18)4 Sunb. Has. ft W.,lst m..it,ti.
buuburyft Erie 1st in. 7s, 17..
35)4 8yra.Geu.ft CornV,lsi,;a,IM 104
1 exat ft Pac. 1st in ,6s, g.'lsos
do
do
5s, g'd, Int., reg. or cp.
5s, cur., reg
5s, new. reg., 1892-1902
8s, 1015, reg., W7i-'83.
«s, 15-85. reg., 1882-*«2.
>s, In. Plane, rcg.,1879
Phtla. Winning.
Total..
PllU.CIn.ft8t. l,.7i,cou.,l«fo H.7
Bhamokln
STATE AND CITY BONDS.
Peuna.
537,000
200,100
198.000
2,700
470,600
37,800
140.800
446.000
mort - 7 *i MM...
m... S.
"Jills. Wllm. 4 Halt. s,.-B4...
<,
gtoubenv.
PHILADELPHIA.
781,000
•»>
deb.7s,»2
deb. 7s. epa.off
do
10814
100),
;r:
00
Nashua
ft
_
Phll.ftu.coalftlron
16* To'x
Rutland, pref erred
Vermont ft Massachusetts.
138, (XX)
do conv. 7s, IBM'
dp
7s, coup. off.
180
103
100
ioT« loiX
biff
log
31
KM
Kngland...
.i
72,100
2,031,01X1
185.000
1,717,600
201,000
102,800
173,000
80,000
14,000
200,800
64.200
113.600
1. 300,000
1.080.000
1,182,600 2,013.100
371,100
412,000
367,200
388,400
75,000
402,000
81,400
340,100
104,800
659,000
02.600
838.700
84,000
322.000
628,500
882,100
130,000
383,100
845,000 8,398,000
105,000
271,700
21.100
185,200
18,600
307,100
85,300
347,800
806.000
409,000
02.4011
198.000
5,000 1,034,400
16,800
175,500
20.100
497.000
1,006.400 3.583.400
l'.OTl/ioii 2,860.800
05,000
59.000
8.800
93,800
38,700
188.100
84.100
44,800
1.000
79.200
1,125,400 2.145.600
410,000 1.570.000
190,000
372,000
854.000
458,000
1.500.700 1.389,300
925,000 1,161,000
50,600
153.500
33,000
267.
10,700
284,400
138,600
124,200
118,100
465,800
1,735,300
5.014,300
2.488.100
12,501,000
1.561.300
2.065.500
2.412,100
1,000,000
500,000
500,000
500,000
St. .Nicholas
106,00(1
1,508,0110
*
7.740.200
3.700,000
5, 050, SOU
5,408,900
8.130.700
7,031.700
710,100
504,400
1,028,100
362,000
520.000
226,300
267.800
1,805,000
581,600
326,800
153,200
210,000
141,100
388,000
148,100
305,300
200.000
050,000
801,000
1,047,200
4,131,1100
9,337.000
2,840,000
8, 180,800
2,887.800
*
1,815,000
686.700
800,600
580.71X1
tJoe,40o
600,000
I
531.000
165.000
708.300
0,(127,100
1,874.800
13.024.W10
13,580.100
0,031.300
8,747,800
2.173.000
3.880,500
8,088.300
son, iii id
5,000,000
5,000,000
Commerce
Mercantile
t
8,'35,5O0
Bid.
Ill
.
8.042.100
8,850,500
Ask
102
Northern of New Hampshire
Norwich* Worcester
Ogdensh.ft L. Champlaln
do
pref
Old Colony
Portland Baco ft Portsmouth
Pullma Palace Car
Pueblo ft Arkansas
Circulaother
Tenders. than U. 8.
tion.
Specie.
discounts.
in. me.-onuniied.
ii»i<:i.i'
Bid.
Manchester ft Lawrence..
Nashua * Lowell
Average amount of
Net dep't"
Loyal
Loans and
I
2.000.000
8,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
800,000
300,000
1,000,000
1,000,000
300,000
300,000
200,000
800,000
300,000
.
275
ii.sr.N, i"in.
:
New York
Manhattan Co
Merchants
tt
J
.
THE CHRONICLE
13, 1879.]
Capital.
.. ...
J
t
cur. 7s
And Interest
t
106'.
lOrVU
HSH4
107),
. ...
..
.
.
"
'
—
..
.. ...
—
.
.
.
THE CHRONICLE.
276
Vol. XXIX.
|
NEW
QUOTATIONS OF STOCKS AND BONDS IN
U. 8. Bonds and settee Railroad Stocks are quoted on a previous page.
.. ..
YORK.
par map
Prices represent the per cent value, whatever the
be.
STATE BONOS.
gKCURrrres.
8s,
Montg.
A
Bid.
45
49
43
4S
Kufaula KB.
Ask.
Bid. Ask.
SECiritlTIES.
!!!!
"
10
44" 46"
70
52
5
A
7s, L. Book
It. Scott iss.
L. Rock Rll
7s, Memo.
N. O. BB.
7s, L.
P. B.
B. f BR...
7s, Miss. O.
B
A
*
&
1
1
1
3
3
107
89
108
Georgia—6s
101
112
111
1890
Missourl-fls, due 1882 or '83
11)0
due 1887
104H
104ft
Special tax, class 1
do
class 2
104ft
104ft
Asyiuin or Univ., due
Funding, 1894-95
Uel. Lack.
A
'92.
St. Jo., 1886.
do
1887.
106
107
104ft 104«
104ft
Ohio—6s,
Harlem
& Cin., 1st
do 2d
Mobile&Ohio
do
pref
do
45ft
46ft
. .
pref...
Nashville Chat. & St. Louis.
New Jersey Southern
N.Y. Elevated
N. Y. New Haven & Hartf
Ohio & Mississippi pref
Pitts. Ft. W. & Chic, guar.
do
g" a
126
ISO
155ft usa
.
Miscellaneous St'ks.
Adams Express
American Express
United States Express
Wells, Fargo*. Co
Quicksilver
pref
do
Atlantic & Pacific Tel
American District Tel
Gold & Stock Telegraph.
Canton Co., Baltimore
American Coal
Consolidation Coal of Md.
Pennsylvania Coal
Mariposa L'd & Mining Co..
16
19
145ft
us'
pref.
:
47>i
42>6
103M
48
100
16ft
423*
mi
4:b4
8M
3)
Chesap.& O.— Pur. m'y fund
6s, gold, series B, int. def.
6s, currency, int. deferred
mort.
Income
Sinking fund
Joliet & Chicago, 1st m_
Louis'a & Mo., 1st in guar
do
2d 7s, 1900.
St. L. Jack. & Chic, 1st
,
*30
89ft
110
101
115
103
44ft
21ft
105
I'M)
m
m
1st, g., 5s.
.,
1st, con., f, en. ,7;
2d,con.,f.cp.,5s,6!
St. Jos. 8s, conv.
Hous.A Tex.
1st, m. l.,7i
1st mort., West. Div., 7s.
1st mort., Waco
N., 7s.
2d C, Main line, 8s
—
C—
A
2d
'm
104
!():;.,
106
1U3H
and
lUi'A
106^
Ill.Cent.— Dub.&Sioux Cist
&
W—
mortgage, W. D
Ind., s. t.,7s.
Tol., sink. fund.,
iiok
111
111
new
Cleve. P'ville
&
bonds.
Ash., old.
new nis'A
1st, E.D
1st,
do
do
W.D.
Bur. Div.
1st pref. inc. for 2d mort.
1st inc. for consol
115
99ft
99
Tol., 1st, 7s, '90,ex cp.
I11.& So. la., 1st m.7s,ex cp
West. Un. Tel.— 1900, coup.
1900, registered
Spring. V"y W. Works, 1st 6s
102ft
100
I02J„
103K
105.1,
94
90
accum'e
Buffalo— Water, long
Chicago—6s, long dates.
105^
Oswego—7s
.
& M
lstm., I. & D
lstm., H. &D
lstm.,C.&M
ni
lio
Con. sinking fund
2d mortgage.
1st in., 7s, I. & D. Ext.
106ft
Chic. & Northw.— Sink, f'd.
Interest bonds. .
Consol. bonds
.
Extension bonds.
1st mortgage
109
108ft
*103
Coupon gold bonds.
Registered gold bonds. ...
Iowa Midland, 1st m., 8s.
Galena & Chicago, exten. t!04ft
Peninsula, 1st m., conv...
Chic. & Milwaukee, 1st m.
Winona A
m
2d m
St. P., 1st
do
.
.
& Ind*s-lst, 7s, s. f.
Consol. mortgage
C. St. L. A N. O. Ten. lien 7s
C. C. C.
do
do
100
114
114
Pouglikeepsic— Water
Bochester— Water, 1908..
Toledo—8s, water, 1894.
1MB
Yonkcr's— Water, 'i«03
'.'.'.'.
RAILROADS.
Atchison 4 P. Peak—6s, gld
Bost. A. N. Y. Alr-L— 1st m.
Cent, of la.— 1st m., 7s, gold
Chic.&Can.So.— 1st m.,g.,7s
&
East. III.— 1st m., 6>
2d mortgage, inc., 7s
Chic. St. P.& M.—6s, g., new
Land grant, 6s, gold
nominal.
;
—
Sinking fund
Begistered, 8s
Pacific BB. of
2d mortgage
104ftll06
98ft
.
2d, 7s, 20 years
Dan. Urb. BI.A P.-lst,
—
.
Water works
—
C—
Columbus, Ga. —7s,
Augusta, Ga. 7s, bonds
Charleston, S.
Stock, 6s.
105ft
7s,F.L
n
7s, g.
ldsft|l09ft Denver Pac. lst,7s,ld. gr.,g
113ft 113% Erie A Pittsburg— 1st in., 7s
111
112
Con. mortgage, 7s
106
108
80
50
87
47
103
92
108
75
96
105
+100
+100
+100
68ft
80
100
102
K5
102
68
.
n
—
;
+103'
+111
+112
+99
104"
95
70
97
90
KM)
105
OS
104
57
75
go
go
10
10
18
10
14
Compromise
Mobile— 5s, coupons on...
8s, coupons on
6s, funded
78
57
70
55
Montgomery— New 5s
New 3s
52ft
—
80
40
20
go
go
88
new
5s..
M
24
Consolidated, 6s
Railroad, 6s
Norfolk—6s
Petersburg—6s
115
108
10(1
8s
Richmond—6s
Savannnah— Cons., new, 5s.
114
115
;i:
115
115
RAILROADS.
.
—
115
107'
111
120
85'
Georgia
RR.— 7s
,
Cent —lstm., 7s
2d mort., 8s
Miss. A Tenn.— 1st
m„ 8s, A
mortgage, 8s, B
Mobile A Ohio— Sterling, 8s
88
88
.
Sterling,
ex
cert., 6s
102
M
!K>
10-1
101
2d mort., 8s...
Nashville Chat.A St.
7s.
1st, 6s. Tenn. A Pac. Br.
Certificate,
1st, 6s,
Norfolk
L—
McM.M.W.A Al.Br.
A Petersb.— 1st, 8s.
C—
60
80
75
75
20
20
25
30
15
20
25
50
40
90
90
25
105
103
115
106
72
100
105
40
30
J
67
2g^
72
04
70
00
97
75
95
106ft
H
100
40
'So*
100
112
102
90"
68
BB
05
70
101
UK)
110
S
70
70
2d mortgage, 8s
New 1st mortgage
New debentures
A Jacks.— 1st m., 8i
50
103
110
102
110
88
8s, interest
N. O.
101
50
102
A Col.— 7s, 1st m.
1st
110
I
108
Macon A Aug.— 2d, endors.
MpmphisA Cha'ston— 1st."
2d, 7s
57)4 Mississippi
89
52
100
112
05
6s
Stock
Greenville
7s, guar
105
112
113
49ft
10
*110
7s, equipment
88
1st mortgage, 7s
1st m. 102^'lOSft! Evansv. A Crawfordsv.— 7s
2d mortgage, 8s
106
105^ 107
Evansv. T.ll. A Chic—7s, g.
Northeast.. 8.
1st m., 8s.
65
Income, 7s
Flint A l'ere M.—8s, I'd gr't
2d mortgage, 8s
95 108
1st tn., Carondeiet Br. ..
Galv. Hous.A H.— 7s, gld, '71
•so
Orange A Alex'a— lsts, 6s..
88
South Pac. of Mo.— 1st m. B6H 91% Gr'nd B.AInd.— lst,7s,l.g.gu 105
2ds.6s
Kansas Pac.--lst m.,6s,'95
95"
1st, 7s, Id. gr., not guar
02
3ds,8s
1st m.,6s,'95,with cp.ctfs
120
1st, ex land grant. 7s...
4ths,8s
70
77
1st m.,6s,'90
Hous.A Gt.N.—l st,7s,g.,ctfs
Bich.A Dan.— 1st consol., 0s
88
do
with coup, ctfs
Indianan.
Bl.
Southw.
Ga.-^€onv., 7s, '86.
A W.— 1st m.. SB 55
114ft
1st m., 7s, Leav. br., 96..
Indiana Bl, A W.-lst m.
Stock
59
61
do
with coup, ctfs
90
2d mortgage
12
S. Carolina RR.— 1st m., 7s.
38
1st m., 7s,B.&L.G.D'd,99
Incomes
10
"s, 1902, non-enjoined
13
do
with coup, ctfs
Stock
West Ala.— 1st mort., 8s
10
6
1st m., 7s, land gr't, '80..
Indianapolis A St.L.— 1st, 7s
7.S
2d mort., 8s, guar
do
with coup, ctfs
Indianap.A Vine— lst,7s, gr 101
PAST-DtJE COUPONS.
108
2d mort., '86
International (Tex.) 1st, 7s
01
Tennesssee State coupons
do
with coup, ctfs
95
Int. H. A Gt. No.—Conv., 8s
25
South
Carolina consol
Inc. coup. No. 11 on 1916
71«
Jack.L.A 8.-8s, lst,"white" +110 111
Virginia coupons
Inc. coup. No. 16 on 1916
Long Island— 1st mortgage. 105 1M>4
71ft
do
consol. coupons..
t And accrued interest.
* No price to-day
these are latest quotations made this week.
Mo—
90
103
100
57
87
Bonds, A and B
Endorsed M. AC. RR...
95
55
bonds
Macon— Bonds, 7s
Memphis— Bonds, C
113ft
113
*43ft
109ft
STATES.
SO
30
+113
+111
+105
+111
7'30s
Chic.
m
M
87
86
57
56
70
(Brokers' Quotations.)
Ala. AChat.— Bec'rs ctfs,var
Atlantic A Gulf—Consol..
IB
Consol., end. by Savan'h.
40
H Cent. Georgia— Cons, m., 7;
109
102
Stock
1106
Charl'te Col. A A. Cons., 7s
+95
ibo'
2d mortgage. 7s
111
+109
East Tenn. A Georgia 6s
+11 4ft 118
(E.Tenn.A Va.—6s.end.Tenn
+101
102ft E. Tenn. Va. A Ga.— 1st, 7s
115
+112
Stock
.
122^:1241^
88
50"
Southern Securities.
55
I
.
108ft
100ft 108
115
120
104
104ft
1st con. 7s
* Prices
ii»
low
90
—
104!^
104W
88
107
106 m; 107ft
106
113
+108
+113
+114
+113
+112
+113
41
1
I.
111!
6s,
long
7s,
M
54
Nashville—6s, old
7s,
7s,
7s,
Water,
88
.
New Orleans— Prem.,
109
I
1st m.,
113
108
53
45
18
66
BB
Can S. A Det.-lst. 7s, g
Union A Logansport— 7s
Union Pac, So. Br.—6s, gld.
108J3
*73ft
9
40
17
M
7s, g.,'94
T.H.— 1st m
45
48
5
30
Extension
103ft Tol.
(.Brokers' Quotations.)
Long Island City
74«
30
30« Newark City—7a, long
109^|
Pacific bonds..
South. Pac. of Cal.— 1st m.
Union Pacific 1st mort.
Land grants, 7s
106
Miscellaneous List
75
109
46ft
2d mortgage, guar
88
Scioto Val. 1st 7 p.c. s.f. bds +101
95
99ft South Side (L. 1.)— 1st mort
94
South Minn— 1st m., 7s, '88. 108
102!..
1st mortgage, 7s (pink)
108
INCOMS BONDS.
Chic. St.L. A N. 0.,2d m.,1907
Huds. B.,7s, 2dm.,s.f.,'85 lloQllJ
Canada South., 1st, int. g
86ft soft
Harlem, 1st m., 7s, coup.
126
do
1st m., 7s, reg
*..
125K
N.Y. Elevated-lst, 7s, 1908 Ill
Ohio & Miss.— Consol. 8. f'd 109 110
Western
St.L.A S.E.-Cons..
97
95
do 2d m.,7s,'93,ex cp
sewerage
water
river improvement.
Cleveland— 7s, long
Detroit — Water works, 7s
Elizabeth City— Short ....
Consolidated
60
112ft St.L. VandaliaA
88ft
int. ,6s.
30
C
class
41
86
do 2d
122ft
do
2«ft
92ft
2d mort., 7s, gold
Cecilian Branch, 7s
Nashv. & Decatur, 1st, 7s
Marietta & Cin. 1st mort.
N. Y. Central-6s, 1883
6s, 1887
6s, real estate
6s, subscription
N. Y. C. & Hud., 1st m., cp.
do
lstm., reg.
.
Equipment bonds, 7s, 1883
Consol. conv. ex coupon.
Gt. Western, 1st m., ex cp
CITIES.
Albany, N. Y.—6s, long...
Mo.K.&T— Cons.ass,.1904-6
2d mortgage, inc., 1911
H. * Cent. Mo., 1st., 1890.
other.
96
Adjustment, 1903
102ft 1(1:!
2d consolidated
««%100
Lehigh & W. B., con., g'd. 100
1st m., Springfield div
..
t35
do
assent'd
80
80ft Pacific Ballroads—
Chic.A Southwest.— 7s, guar
Am. Dock & Impr. bonds
90X
Central Pacific— Gold bds.
.... 109ft Cin. Lafayette & Ch.— 1st ra
do
assented *89
San Joaquin Branch
101
101ft Cin.& Spr.-lst, C.C.C.&I..7S
121
ULlc.MII.& St.P,— lst,8s,P.D 128
Cal. & Oregon, 1st
99^1101
1st m., g'd L. 8. AM. 8., 7s.
2d mort., 7 3-10, P. D...
State Aid bonds
Col. A Hock. V.— lst,7s,30yrs
1st m., 7s, $ gold, R. D.
112ft
Land grant bonds
103%ll04"
1st, 7s, 10 years
lstm.. La C. Div.;
do
Peoria Pekln A J.— 1st m.
St.L.A San F.— 2d m., class A
2d mortgage, class B
77J.J
1st St. L. div.7s,ex mat.cp.
2d mortgage ext.. ex coup
St.L.I.M.&S.,lst 7s,pref .int.
118
40
7
85ft
—
CITIES.
97« Atlanta, Ga.—7s
Tol.&Wab.— lstext.7s.ex cp,
do
cons, reg., 1st.
do
cons, coup., 2d 118M1 ..
HS^'lH
do
cons. reg.. 2d
Louisv.& Nash.—Cons.m. ,7s 118 111
—
33
Montclair & G.L.— 1st, 7s, n
N. J. Midland— 1st, 7s, gold
2d mort
New Jersey South'n 1st, 7s
N. Y. A Osw. Midid-lst m.
Beceiver's certif's, labor.
H08
Central of N. J., 1908
Leh. & Wilkes B. Coal, 1888
Buffalo & Erie, new bds..
Buffalo & State Line, 7s.
Kal'zoo & W. Pigeon, 1st
28^1
^o>4
—
Pur. Com. rec'pts,
&
&
85%
125
120
.
Q.
31ft
D. of Columbia-365s, 1924.
105>« 106
Cleve. & Pitts., consol., s.f
do
4th mort...
Col. Chic. Il I.C., 1st con
ind'y, 7s
Lake ShoreMich 8. & N.
ex matured coupon
Rejected (best sort)
Texas-6s, 1892
M.AS
7s, gold, 1892-1910.. J.A J
7s, gold, 1904
J.A J.
10s, pension, 1894. J.A J.
Virginia— New 10-40s....
71
*72M
3
6b,
30^
28
28
1868....
Consol., 7s, 1910
Waco&N.,8s
Inc.
1st mort., sterling
Miss.Riv.Bridge,lst,s.f,6s
105ft
Chic. Bur. & Q S p.c, 1st
109ft USft
120
Consol. mort,, 7s
5s, Binking fund
Chic Rk. I.* P.—6s, cp.,1917 t!13
6s, 1017, registered
Central of N. J.— 1st m., '90,
1st consolidated
do
assented.
Convertible
do
assented
Pennsylvania BB—
Pitts.Ft.W.& Chic, 1st m.
do
do
2d m..
do
3d in..
do
22>4 Metropolian Elev— lst,l»08 102%
115M 116ft Mich. Cent.—Cons., 7s, 1902
H9X Long
105ft
1st mort., 8s, 1882, s. f.
Hartford—6s, various
10»H 111
106ft
Equipment bonds
Indianapolis— 7*30s
loi'
s"
now,
N. Carolina.— New 4s
So.Carolina Con., Cs (good)
una
Det.Mon.& T., 1st, 7s,'1906
Lake Shore Div. bonds...
do
cons, coup., 1st 118%
;:s:>.
a
0s,
Burlington Div
2d mortgage, 1886
.
Bur. Ced.R.& North.— lst.5s
Minn.& St. L., 1st, 7s, guar
Keok.& Des M
do
do
do
tin
14ft
14ft
1
2ft
2ft
2ft
8ft
1st
119J*
118ft 119)j
Stock Exchange Prices.
Bost. H. & Erie—lstm....
1st mort., guar
—
73
do
Railroad Bonds.
.
11H
Cleve.
3
7ft
7ft
13ft
13ft
110>t
Dub. & Sioux C, 2d div.
Cedar F. & Minn., 1st m
43
Homestake Mining
Standard Cons. Gold Mining
Pullman Palace Car
& Alton— 1st
E, 1st m., 1910
Han. &
Ontario Silver Mining
Chicago
N.Y.A
N.Y.L.E.AW.,n.2d,con.,6s
Buff.
102
88
105
111M
Long Dock bonds
112
86
107«
do
2d con..
75
do Tr't Co.ctfs.lst con
25
do
do
26 con
1st mortgage, 1891
Rome Wat. & Og.—Con. 1st. 64%
102K
103
extended
do
St.L.&Iron Mount'n— lstm 112J-1,
do
Coup., 7s, '94 104H 104ft
2d mortgage
"6Js
do
Beg. 7s, '94. *103
Arkansas Br., 1st mort ...
106"
1st Fa. div., coup., 7s, 1917 104
Cairo & Fulton, 1st mort.
106
102
do
reg., 7s. 1917
113^
Cairo Ark. &T., 1st mort.
Albany A Susqueh., 1st m. 111! 113 St.L. K.C & N.-lt. E.& B.,7s 102
107!
do
2d mort
Omaha Div.. 1st mort.. 7s
loo
3d mort.
do
St.Chas.B'dge.lst, 7s. 1908 102«
do
1st con., guar 103
North Missouri, 1st m., 7s IllJ^
Rens.& Saratoga, 1st, coup U18 122K St. L. Alton A T. H.— 1st m. 110^
125
do
1st, reg. *118
8?
2d mortgage, pref
Denv. A B. Grande— lst.1900 94fc
do
income
52ft
Erie— 1st mort., extended..
Belleville & So. III., 1st m.
123M
llii'
3d mortgage, 7s, 1888...
Tol. Peo. ,t
1st m., E.D. ids'
.
.
do
no«
.
H
pref.
do
do
Terre Haute & Indianapolis
United N. J. KR. & Canal
125
104
4th mortgage, 7s, 1880
tl09
5th mortgage, 7s, 1888
7s, cons., gold bonds, 1920.
ex coup.,Sept.,'79 A prev
spec'l.
Rensselaer & Saratoga
St. Louis Alton & T.
do
90
;n7
109
or
101
A Bss'x.b'nds, 1900
construct'n
do
do
7s of 1871.
do
1st con., g'd
Del.AHud.Canal— lstm.,'84
—
Ind.Cin.& Laf
Keokuk & Des Moines.
pref.
do
do
Manhattan
Marietta
Morris
m
Albany & Susquehanna ....
Boston & N. Y. Air I*, pref.
Burl. Cedar Rapid s & No...
Chesapeake & Ohio
iS*
1st pref.
do
do
2d pref.
do
do
110
Chicago & Alton, pref
Clev. & Pittsburg, guar.... 100K
Dubuque & Sioux City
110^111
109%
108
.
STOCKS AtVD BONDS.
Div. 6s ass. cp.ctf.
I
106
.
15
15
40
40
15
103
111
1881
1888
6s,
*IIM HU.AMiOI S
104
...
A West.—2d m
D^n.
convertible
Mortgage 7s, 1907
Syr. Bli ?h. * N. Y., 1st, 7»
Morris A. Essex, 1st
..
do
2d mort
7s,
(Active previously quoted,)
AJ
lo'ift
KAIMIOAD AND
Railroad Stocks.
J.
103ft
6s,
Land Com., 1889, j. & j
do
1889, A.AO...
22
22*
do
A.AO
do
coup. off. J. & J.
do
coup, off, A.&O.
Funding act, 1866
Ask.
55"
15
121
6s, old,
7s,
Hannibal
do
lio'
Illinois—6s, coupon, 1879...
A. AO
No. Car. BB.,
Bid.
108
117
120
North Carolina— 6s, old.JAJ
'($"
6
3
Securities.
Bhode Island—6s,coup.'93-0
107*
is'
1
Bid. Aak.
6s, loan, 1883.
8s, do
1891
6s, do
1892
6s, do
1893
87ft
1
8KCUUIT1K8.
New York—6s. gold,regV87
100
100
18
18
18
18
18
18
18
40
110
104
55
100
100
75
104
104
115
92
85
85
70
35
91
41
112
107
102ft
94ft
95
los
105
102
112
100
106
96
100
95ft
67
20
88
lio"
108"
96ft
11*
96
108
88
BB
40
108
108
10
40
80
so
100
50
113
118
:
September
:
:
THE CHRONICLE
13, 1879.J
cient,
Jruxesttujeuts
.
1
277
and denied the motion.
paper was not a bond, but a
STATE. CITY AND CORPORATION FINANCES.
The
Investors' Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the
-ifflce, as only a sufficient number is printed to supply regular
subscribers. One number of the Supplement, however, is bound
up with The Financial Review (Annual), and ca:\ be purchased
in that shape.
GENERAL INVESTMENT NEWS.
Mr. Chetwood said that the
certificate of indebtedness,
and
that the Common Council only had authority to borrow money
in anticipation of taxes.
Judge Depue ruled that there is a
difference between an individual and a corporation In a
matter
of this kind, and that a corporation has a right to plead uUra
vires.
Ex-Senator Frelinghuysen argued that an abuse of
power by an agent in issuing a bond or certificate did not invalidate the security, and that the Common Council had power
to issue such a bond. Judge Depue decided to hear tho evidence, and Controller Leggett, of Elizabeth, was called. He
testified that the bond was issued to borrow money to
meet
maturing improvement bonds, and not in anticipation of taxes
Other city officers gave similar evidence, and the defendants
rested.
"The jury, acting under instructions from the Court gave
Chicago & Northwestern.— This company has taken an judgment for the plaintiff in the
sura of $53.o>6, subject to
important step, in executing an indenture under which revision by the Supreme
Court. The following suits were
$15,000,000 of new bonds are to be issued for acquiring new road
at the rate of $15,0*0 per mile for the roads so obtained. The
following quotation from the document itself will give an
»Sinift*r
explanation of its purposes
Manufacturing Company, which resulted in a verdict of $32*2*" This Indentijiik, made tliis first (lay of October, A. D. 1879, by and
956 against the city, the evidence being slightly different i'n
between the Chicago & Northwestern Railway Company, a corporation
of the States of Illinois, Wisconsin and Michigan, party of the first part, that one of the certificates for $200,000 set forth that it was
and the Farmers' Loan & Trust Company, a corporation of the State of Kiven for a loan in anticipation of taxes, which the other secur,,_,
:
New
York, party of the second part, witnesseth
" The said party of the first part owns and operates certain lines of
railroad in the States first above named, and in connection thrcwith controls and operates various lines of railroad in the State of Minnesota and
Territory of Dakota, among which is the railroad known as the Winona
& St. Peter Railroad, and also owns and operates a line of railroad in
the State of Iowa known as the Iowa Midland Railway.
" For the purpose of securing an increased business for all its lines
and promoting their interests in other ways, the said party of tho first
part has entered into articles of agreement duly executed wiili the
Chicago & Dakota Railway Company, a corporation of the State of Minnesota the Dakota Central Railway Company, a corporation of the
Territory of Dakota and with the Iowa Midland Railway Company, a
corporation of the Slate of Iowa, by which said first party has agreed
to assume and pay the whole cost of tho construction and equipment of
theiine of said Chicago & Dakota Railway Company, from a connection
with the line of said Winona & St. Peter Railroad Company at Tracy,
westerly to the western bouudary line of said State of Minnesota, a distance of about 46 miles; also of the line of said Dakota Central Railway
Company from a counection with said last-named line, at said State
line westerly to the James River Valley in Dakota, a
distance
of about
88 miles (which company is authorized and purposes
to
extend its railroad in said Territory to the Missouri River,
and thence to the western boundary of said Territory, with
one or more branches, as specified in its articles of association, filed in the ottlce 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 hereinbefore 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 bo 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 determined to issue bonds, to bo known as the Chicago & Northwestern Railway Company Sinking Fund Bonds of 1879, amounting in the aggregate
to a sum not ex ccediiig fifteen millions of 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 of 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 enabling it to execute its several 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 general system and the residue of said
fifteen mil lions of dollars of bonds may be issued from time to time, as
said first party shall derermiue. only 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 equal amount of first mortgage
bonds duly issued for such additional 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 V> tho 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 conveyances as may hereafter be
made by said first party to said second party, for that purpose."
;
;
»»«••.
;
;
Chicago Pekin & Southwestern.— At
Joliet,
111.,
Sept.
9,
ities
did not.
was a mistake
—The
The
witnesses for the defense testified that this
in the drawing of the
citizens of Elizabeth met in
bond."
the Board of Trade rooms
to take further action concerning the $6,000,000 debt
of that
city.
The committee, to
the matter was referred,
reported that the city's only course was to resist to the utmost
the suits brought by the bondholders.
committee was
whom
A
appointed to solicit subscriptions in cash of the wards to a fund
for the defense of the suits. The payment of $2,000,000 of the
debt will be resisted on the ground that the Consolidated
Improvement act, under authority of which the money was
[)aid, is unconstitutional.
If the act be declared constitutional,
the payment of all but $700,000 will then be resisted on the
ground that the issue of bonds beyond that amount was unauthorized. The suits for money lent, brought by the Si iger
Sewing Machine Company, will be defended on the ground that
the city officials had no right to contract the loans.
Indiana Bloomington
A Western.—A
press dispatch from
Indianapolis, Ind., September 10 says: "The annual election of directors by the stockholders of the Indiana Bloomington & 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, 111.; 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 Committee 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
Blossom interest, voted about 11,000. The operating department of the road will remain as at present constituted
under General Manager Henning."
opposition, or
Indianapolis Cincinnati & Lafayette— M. E. Ingalls, Rethe following receipts and disbursements for the
month of July
ceiver, reports
KECEtPTS.
Balance on hand. June 30. $17,605
Received from loans
45,100
Frommails
2,109
Fromexpress
1,310
DISBURSEMENTS.
Paid loans
Interest
Bond interest
$10,000
208
70.873
Rents
From rents
572 Supply bills
From interest
25 Insurance
From ag'ts and conduct'rs 99,040 Legal expenses
From the salo of old rails
1 ,500 Wages and salaries
From wages unpaid
169 Other railroad companies.
From other RR. companies 2 1 ,349 Miscellaneous
From mise'laucous sources
110 Balance to August account
.
759
14,525
191
203
41.702
17,529
3,570
29,819
F.
E. Hinckley, Receiver of the Chicago Pekin & Southwestern
Railroad was removed, and Samuel B. Reed, of that city, was
appointed Receiver in his place, under bonds of $50,000.
Total
$188,892
Total
$188,892
—
Lognnsport Crawfordsr'lle & Southwestern. A press
" The
dispatch from Indianapolis, Ind., Sept. 10, is as follows
Dakota Southern An agreement has been concluded for the Logansport Crawfordsville & Southwestern Railroad was
consolidation of this company with the Sioux City & Pembina, sola to-day by W. P. Fishback, Master in Chancery, at Crawwhich 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 lUilroad Company."
Sioux City, la., to Yankton, Dak., 61 miles, and a line from
Lonisiana state Debt.— The following statement, showing
Davis Junction to Beloit, 52 miles.
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 Judge Depue, at Newark, yester- and State Auditor
day, being that of William H. Proctor for $50,000, The array
CONSOLIDATED BONDED DEBT AUGUST 10, 1879.
of counsel in the case was very strong. For the complainants Funded to date
$11,777,100
appeared ex-Senator John W. Taylor, ex-Senator Frelinghuy- outstanding $423,500, convertible into bonds at 60 cents..
254,100
sen, ex-Judge Teese, ex-Vice-Chancellor Dodd, and ex-Gov.
Total
$12,031,200
Bedle, while the defendants were represented by ex-Chancellor
Five-and-one-half- Amount col- Delinquent and
Williamson, R. E. Chetwood, ex-Senator Magie, and G. P.
in process
mill tax assessed
lected to
Smith. Mr. Taylor opened the case by stating that the suit
Year.
to pay interest August 10, 1879. ofcodectlon.
1874
$351,890
"$1,225,752
$873,862
was brought on a bond for $50,000, dated Sept. 24, 1878, and
339,890
774,429
1,114,320
payable on demand, with interest at 7 per cent. The bond was 1875
1876
387,141
«88,098
1,075,239
offered in evidence, and the plaintiff rested. Ex-Chancellor 1S77
221.833
738.414
960,308
272,371
1878
702,556
Williamson moved a non-suit on the ground that the Common
974,928
673,392
300,107
973,500
Council had no right to borrow money in that manner to meet 1879
maturing bonds. The Court held that the cause was not suffi$2,246,50 >
Total
$4,077,468
$6,324,048
—
:
'
—
:
THE CHRONICLE.
278
(
Interest due
and
unpaid, cx-
Cash to credit of eluding cou-
Amount
of
coupons paid
by Treasurer.
Year.
$735,400
734,884
660,187
719.421
626,519
161,700
1874
1875
1876
1877
1878
1879
$3,638,113
Total
Delinquent taxes due interest fund
Cash in Treasury to credit of interest fund
lnterest fund
instate
Treasury.
ponsdtie
Jan. 1, 1880,
remitted.
$88,097
89,512
164.209
104,975
197,877
250,498
$34,(101
3,3(!7
34
26
68,720
133,351
$890,070
$235,103
$2,246,569
285,103
$2,481,672
890,070
Total
Past due interest outstanding
Excess
$1,585,602
—
Missouri Kansas & Texas. It is reported that the Dutch
bondholders have rejected the scheme for the reorganization of
the company which was proposed by the purchasing committee
of three. A gentleman interested in the company's securities
" I do not
is reported by the A merican Exchange as saying
think that the dissatisfaction of the Dutch bondholders arises
from the reduction of the rate of interest, but they demand
that a better guarantee for its payment be given than is proposed. The plan provided that in case of any default by the
new company everything should be restored to the position of
affairs which existed previous to the reorganization, the rate of
interest on the first mortgage bonds again becoming 7 per cent.
Objection is also made, I believe, to the extensions of road contemplated by the reconstruction scheme."
Mobile City Bonds. Holders of the bonds of the city of
Mobile of every description are notified that there have been
appointed by the Governor of Alabama, Commissioners of
Mobile, under the provisions of a recent act of the Legislature
of Alabama. By said act they are directed " to open communication with the holders of the funded debts of the said Mayor,
Aldermen and Common Council of the city of Mobile in relation to the same; and with a view to the adjustment thereof
and its settlement; * * * and the payment to the utmost
extent practicable of the just debt of the said municipal corporation." In discharge of this duty they solicit correspondence with the creditors of said city, and have appointed
:
—
Wednesday, the first day of October, 1879, at 12 o'clock M., at
No. 11 Pine street, in the city of New York, as the time and
Elace, when and where they invite all parties holding any of the
onds of the city of Mobile to meet them for a personal conference.
New York Lake
Erie & West.— The Philadelphia Ledger,
" The survey of the projected railroad from
Pittston to Hawley, through the Moosic Mountains, the new
coal outlet for the New \ ork Lake Erie & Western Railroad,
has been completed, and the work of grading has been begun.
The road, which will be about fifty miles in length, will be built
by a party of English capitalists at an aggregate cost of a
million dollars, the estimated cost per mile being about $20,000.
The object of its construction is to afford the Erie Company an
independent outlet for its coal from the Wyoming Valley, where
it has 2,000 acres of rich, undeveloped coal lands south of
At present the Erie's coal is principally shipped
Scranton.
from the valley over the Delaware & Hudson gravity road to
Honesdale, but this portion of the Delaware & Hudson Canal
Campany's highway is fully taxed with its own shipments. The
projected road will connect with the Lehigh Valley Eailroad at
Pittston and the Erie Railway at Hawley, thus affording fine
facilities for freight and passenger traffic, as well as for coal
shipments from this section."
Ohio & Mississippi.—In the suit to declare void the Springfield Division bonds, Judge Drummond says in his opinion
" This is a bill filed by the plaintiff, as a stockholder of the
Ohio & Mississippi Railway Company, on behalf of himself and
such other stockholders as might jom him in the bill (no one of
whom, however, has so done), asking the Court to declare a certain contract made by the company, and by which it acquired a
portion of its railway called " The Springfield Division," and
the bonds that were issued under a mortgage given by the
company upon that division, null and void.
"To the bill a demurrer has been put in by some of the defendants, claiming under the contract and mortgage, and the question in the case is, whether the bill is maintainable in equity,
and whether the contract and mortgage referred to were invalid as being "ultra vires."
" The contract of purchase was made by the Ohio & Mississippi Railway Company in January, 1875. From that time up
to the date of filing the bill in this case, the Springfield Division
was operated as an integral part of the Ohio & Mississippi Railway Company, and in fact was merged in the consolidated
company. This was an act public in its character, and must be
presumed to have been known to all the stockholders of the
Ohio & Mississippi Railway Company, and, so far as we know,
no objection was interposed to their action until the filing of
the bill in this case, on the twelfth of September, 1878.
" On the whole, my opinion is:
"In the first place— that the railway company had the right to
acquire the Springfield Division and execute the mortgage and
issue the bonds referred to, by virtue of the legislation of the
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 acquired by different parties under the action of the railway
company, it is not competent for the plaintiff, or the other
September
a
4,
says
:
I
Vol. XXIX.
Ohio & Mississippi Railway Company,
any more than for the company itself, to question the^ authority under which the contract and mortgage were executed.
The only power that could do that would be the State itself. "
Railroad Mortsrage Lien on Lands. In the suit of Calhoun,
Trustee, against the Paducah & Memphis Co., Judge Hammond,
in the United States Circuit Court for the Western District of
Tennessee, passed on the construction of a railroad mortgage
describing the premises as " all the railroad of said company,
as well as that part that is constructed and completed as the
part thereof which should thereafter be constructed and completed," and " real estate, etc., thereunto belonging or in anywise appertaining, whether then owned and possessed or
thereafter to be acquired by it, * * * * including all lands
acquired or designed for depots, warehouses or structures at
either terminus or along the line of said railroad, whether then
held and owned or thereafter to be acquired, by the said railroad company."
Under this description the Court held that lands subsequently
stockholders of the
—
acquired, but not for use in connection with its railroad operations (in this case the lands were taken in consideration of
locating a station, and were by the company laid out in village
lots), would not pass; and that a judgment creditor, having
levied execution, was entitled to priorty to the mortgagees.
The Court reviewed the principles on which railroad mortgages
are construed to affect after-acquired lands, and held that, while
lands used for the purposes of the road may pass under a general mortgage of the road itself, other lands cannot, unless the
instrument designates with reasonable certainty the particular
property, so as to give notice of what was intended to be
incumbered. Railroad Gazette.
St. Louis Kansas City & Northern.— The St. Louis Missouri
Republican gives the following report of the progress on the
extension of this road " The Omaha extension of the St. Louis
Kansas City & Northern Railroad, as was learned from one of
the head officials, is being pushed forward toward completion
with commendable energy and dispatch. Between Pattonsburg,
in Gentry county, and Marysville in Nodaway county a distance of fifty miles apart there is only a gap of ten miles and
a half to fill up, which gap will be completed in about ten days,
when the road on the new extension will be in operation fiftytwo miles beyond Pattonsburg, about the 10th say about a
week from to-day. There is a large force employed in laying
the track from Maysville west, and from Council Bluffs East—
length of about 92 miles. Of that distance there are already
built about 35 miles altogether, leaving only a gap of 57 miles
to be closed up, so that the entire line will be completed by the
middle of October. This will be one of the best lines in the
State, as 140 miles out of the 144 miles of track on the extension cuts through am agricultural region, strung along with
continuous farms among the most productive in the States of
Missouri and Iowa. The road will run through several old
towns well advanced in population, wealth and standing, such
:
—
—
—
Malveme and Shenandoah."
Tennessee Railroad Cases.— By reference to the order of
Judge Strong, printed verbatim on another page, it will be seen
that he has revoked the order made by him on August 20th
appointing W. H. Delancy, Esq., a special master to make certain inquiries and take proofs in these cases. Judge Strong
remarks that the order was premature and " the cases are not
ripe for the inquiries" directed to be made.
Western Union Telegraph.— The report for the quarter
ending September 30, 1879, gives the following
In the] report presented by the Executive Committee at the
last quarterly meeting of the Board, held June 11, 1879, the
net profits for the quarter ending June 30 (May being partially
and June wholly estimated) were stated at $1,103,002 98. The
official returns for the quarter (ending June 30) showed the
profits to be $1,133,792 54, or $30,789 56 more than the estimate. The following revised statement, based upon complete
returns, will show the condition of the company at the close of
the quarter ended June 30, 1879
as Maysville,
:
:
Surplus April 1, 1879, as per last quarterly report
Net profits, quarter ended June 30, 1879
Amount charged into the current expenses of the year ended
June 30, 1879, for materials and supplies which were on
hand and paid for, but.which were not included in the surplus
From which deducting—
$545,022
1,133,792
89,201
$1,7C8,016
Dividend of 1»4 per cent, paid Julv 15, 1879
$717,496
Interest on bonded debt
107.088
Sinking fund appropriations
20,000
Construction account
39,844
Purchase of sundry telegraph stocks, patents, &c. 111,117— $995,547
Leaves a surplus July 1, 1979, of
The net profits for the quarter ending September 30, instant,
based upon official returns for July, nearly complete
returns for August, and estimating the business for September (reserving amount sufficient to meet the claims of
the Atlantic & Pacific Telegraph Company, under existing agreements), will be about
surplus July 1, as above
$772,469
$1,259,223
Add
From which appropriating—
772,469-
$2,031,692
Interest on bonded debt
$107,000
Construction, purchase of stocks of leased lines
and other properties
150,000
Sinking fund" appropriations
20,000—
Leaves a balance
of
A dividend of 1% per cent requires
277,000
$1,754,692
717,500
Deducting which leaves balance, after paying dividend, of.
$1,037,192
In view of the preceding statements, the committee reeommended a dividend of 1% per cent, or at the late of 7 per cent
per annum.
—
..
Sf.pt.
mber
THE CH110NJCLE
13, 1879.]
Friday Nioht, September
12, 1879.
com-
fact of a financial or
mercial character, has been favorable to the progress of trade
in the past week, if we except a speculative action in breadstuffs which has somewhat embarrassed the export movement;
but shipments are still large, and in nearly every particular
the autumn trade is making satisfactory progress.
tious feeling pervades mercantile circles, and there
position to push speculation
Friday. P. M.. September 12, 1879.
tiie 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 hales, against
73,829 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:
The Movement op
NIMEHCIAL EPITOME.
The weather, and every leading
^79
OOTTON.
ghc <&ommtvti\xl %imt8.
(H)
:
Still,
a caudis-
is little
Receipts this w'k at
beyond current iniluences and easy
Mobile
control.
The general tone of the provision market shows an improvement over that of a week ago. The advices from the West
have continued of a stimulating character, and fairly liberal
sales have been effected. To-day, there was a reaction, and
the market for pork and lard closed easy, with an improvement
which took place early entirely lost mess pork on the spot
quoted at $8 75@$8 85, with a small lot of choice sold at $9.
For future delivery there were no sales September quoted at
$8 85, asked October at $8 65@$8 85 November, old and
new, $8 70@$8 85 and December, $8 90. Lard was very dull
October
at 6 12^2@6 15c. for prime Western on the spot.
options were quoted at G'20@6 22^c; November at 5'92%@
5'95c; December sold at 5 87Jgc, and seller the year at 5 85c;
refined to the Continent was quoted at G 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 nominal 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
Port Royal,
1878.
1879.
1877.
3,780
1,435
4,892
3,932
i,87a
7,650
8,388
9,149
19,550
11,710
181
&c
417
693
691
38
15
915
514
707
Norfolk
850
32
28
week
Total this
;
957
•J.OIl'l
2,119
5,216
4.898
2.634
5.979
4,550
2,358
12,488
9,028
7,784
10,739
57
163
599
363
150
ioa
14
78
1,061
82
789
2,330
1,430
1,630
1,310
30
296
101
52
;
...
30,054
47,431
12,100
41,457
36,700
1.
43,974
73,329
17,994
63,030
59,424
Total since Sept.
;
tn,
i
6.239
20
;
;
1876.
1,339
-
-
The exports
-
-
-
-
;
week ending this evening reach a total of
which 7,047 were to Great Britain, 180 to
for the
bales, of
France, and 44 to rest of the Continent, while the stocks as
made up this evening are now 66,372 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season:
7,221
EXPORTED TO
Week
ending
Sept
Britain.
12.
France.
this
Same
Week
Week.
1878.
Total
Continent.
STOCK.
1879.
1878.
-
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 considerable activity, are without change, though very firmly quoted.
MolasIiice has been less active and is not as firm as of late.
s,s is strong and in demand, but short supplies check trade 50
Refined sugars have been
test refining Cuba quoted at 28c.
fairly active and firm at 8%c. for standard crushed.
Baw
grades have continued in active request and strong at 6%@
6 13-16c. for fair, and 6%@6 15-16c. for good refining Cuba.
at
;
Boxes.
28,097
Hhils.
Stock Sept.
1,
1879
Receipts since Sept. 1, 1879
Sales since
Stock Sept. 10. 1879
Stock Sept. 10, 1878
83,732
10,490
10,204
78,018
83,732
Bags.
Mclado.
642,194
4,044
154,589
149
208,106
1,415
588,677
2,778
46,179
2,786
218
710
27,005
10,102
X. Orl'ns
Mobile..
1,522
...
36
....
....
.
1,568
Charl't'n
1,000
4,741
1,352
5,962
2,838
7,524
21,989
15,245
21,024
....
....
N. York.
4,814
130
....
4,941
3,245
4.070
8,602
11,445
28,453
NorfolkOther*..
209
207
711
....
8
719
2,557
7,500
6,500
7,017
130
44
7,221
6,802
66,372
81,289
12,478
441
52
12,971
9,744
....
Savan'h.
Galv't'n-
Tot. this
week..
Tot.slnce
Sept.
1.
......
*The exports
this week under the head of "other porta" Include, from
Kali more, 450 bales to Liverpool and S bales to Bremen; from Boston, SO bales
to Liverpool from Philadelphia, 181 bales to Liverpool.
i
;
From the foregoing statement it will be seen that, compared
Kentucky tobacco has been moderately active, and the heavy
low grades are firm, but the higher grades are comparatively with the corresponding week of last season, there is an incrccue
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 1 1,917 bales less than they were at this time a year ago.
4@5}£c. and leaf 6@llc.
Seed leaf has continued in good
sales for the week are 1,819 cases, as follows
410
cases, 1877 crop, Pennsylvania, 926 to 35c; 1,000 cases, T878 crop,
do., 12 to 16c; 55 cases, 1877 crop, State, private terms ; 100
cases, 1877 crop, New England, 13 to 20c; 50 cases, 1878 crop, do.
do., and 214 cases, 1878 crop, Ohio, private terms. Spanish
tobacco has been less active, and yet the movement is very fair,
th'' galea including 550 bales Havana, 85c to §1 10, and 262
demand, and
:
bales Yara on private terms.
The rates for ocean freight room have shown irregularity and
depression for berth tonnage ; charters, however, have remained
steady, and petroleum vessels meet with active calls. Late
engagements and charters include Grain to Liverpool, by
steam, 6@6M@6%d.; provisions 32s. 6d.@37s. 6d.; cottoned.,
as it runs grain to Hull, by steam, 8@8Md., 60 lbs. do. to
Avonmouth, by steam, $%d., 60 lbs.; do. by sail to Glasgow
'6/£d., 60 lbs.; do. to Cork for orders, 6s. per qr. crude petroleum
to Havre 4s.; refined do. to east coast of Ireland, 4s. j do. to
London 3s. 4^d.; do. to Bristol 4s. 4}£d.; cases to Alicante 25c;
do. to Shanghae 50c To-day, a moderate business was reported
at about steady rates. Grain to Liverpool, by steam, 6^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:
;
;
;
refined, in bbls., 6/6c; 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
larity;
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@i?22; of
the latter 2,600 tons were sold to arrive on private terms. Rails
are quiet, but firm; $50 for steel, at tide-water. Ingot copper
x
steady and quiet at
4c. Clover seed is quoted at 7jgc.
per lb. for new Western. Timothy is scarce and sold to-day *t
?2 40@$2 50 per bush. Whiskey quiet at ?1 06.
16%@H
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale ot
We
Lambert, 60 Beaver street
On Shipboard,
not cleared— for
Leaving
at—
Sept. 12,
Liver-
France. Other
Foreign
1
pool.
New Or leans
Other p ons
112
None.
None.
None.
893
4,200
None.
None.
None.
None.
None.
None.
None.
None.
17
None.
None.
None.
None.
None.
Noue.
Total
5,205
None.
17
Mobile.
Charles ton
Savann ah
Salvest on
New Yc rk
Coastwise.
Stock.
Total.
129
None.
None.
None.
750
2,500
750
2. r,0O
•J.O-7
1,194
None.
None.
*5,100
4.11
10,586
None.
1
4,612
1.352
3,320
0.103
9,338
23,3»3
7,709
:,.-.,-(";
Included In this imnunt th* ;re are 800 bales at presses f W foreign wrts, the
destination of whic h we cann >t learn.
*
The following r is our usual table showing th 8 mover lent of
cotton at al} the oorts f ror a Sept. 1 to Sept. 5, the li itest nisi dates:
EXPORTED SINCE SEPT.
RECEIPT S SINCE
SEP!
Ports.
1879.
N.Orlns
Mobile.
Char'n*
Sav'h
N.York
952
rhtsyr.
13,920
Last ye ar
•
1878.
1,502
Other..
Norfk*
Great
553
810
273
299
86
399
851
Florida
N. Car.
1.
2,124
2,712
5,806
.
Galv.*
.
Britain.
3.835
11,599
0,392
16
is
included Indianola,
Total.
949
949
5,138
710
723
4.482
4,793
311
3,650
7,631
28,293
"lOS
"
5,431
Under the head of CharU»ton
9nlcatnn
Point. 4c.
TO—
Stock.
France. Foreign
108
577
277
580
26,8981
1
8,849
3'1
93'
500
"
8
8
7,500
B
5,750
54,263
...J
2942 57.773
head of
under the
Is Included Port Roval.
<fcc; under the head of Xorfoll Is Included
Ac:
CUT
.
„
. ..
.
:
.
:
.
THE CHRONICLE
280
Cotton on the spot opened firmer, and quotations were advanced l-16c. on Saturday and ic. on Monday, to 12fc. for noddling uplands, and this price was well maintained to the close of
yesterday's business, with a moderate movement, mainly for
home consumption. The deliveries on contracts have also been
to a very fair extent, under the circumstances. Today spots were
Bale*.
Cts.
900
800
300
KM)
10-35
[Vol. XXIX.
For Febuary.
10:4
400
900
tOO
800
100
10 62
200
10-64
10-70
10-72
1H-57
1,000.
100
100
11,700
dull and declined l-16c, middling uplands closing atl3 5-16c.
The speculation in futures opened strong, and in the course of
Monday a considerable advance was obtained on the closing bids
200
lO-.'B
10- 5s
10-59
10 60
10-61
10-63
1,801)
For March.
Ota.
10-52
10-57
10-51
10-59
Bales.
100
100
1
Bales.
100
Cts.
10-61
800
100
10»
200
100
2O0
600
SOO
200
10n5
1,900
'
10-67
10-6*
10-70
10-71
10-72
10-76'
Bales.
400
10-79-
_300
10-80
Cts.
2,800
For
April.
500
100
100
I
!0-77
10-78
10-80-
10-80
10-9*
700
The following exchange has been made during the week:
"01 pd.
to exch. 1,100 Sept.
a.
n. for reg.
foreign advices, limited supplies, and
will show the range of prices paid for futures,
and the closing bid and asked, at 3 o'clock P. M., on each day in
the past week.
accounts.
Futures
Saturday.
-Holiday.
Tuesday.
Market.
Higher.
ITghcr.
Depressed.
The following
The advance was favored by strong
somewhat disturbing crop
But on Tuesday the receipts began to compare more
of the previous Friday.
favorably with last year, the weather at the South continued
very favorable to the growing crop, and foreign advices were in-
animate and weak, causing a dull movement and a downward
turn to values till Thursday morning, when there was renewed
excitement and wide fluctuations in values, especially for September and October, and finally no important change, except a
Today the market opened
small advance for September.
steadier, but soon declined under increased receipts at the ports,
For Day.
October 11O0 1100 1108
Kov'ber 10-60 10-53 10-58
Dec'ber 10-50 10-43 10-48
10-57 10-51 10 55
.lan'ry
10-66
Feb'ry..
.
forward delivery for the week are 415,300
free on board.
For immediate delivery the
bales, including
total sales foot up this week 4,015 bales, including 616 for export,
in transit. Of
3.068 for consumption, 331 for speculation, and
the above, 200 bales were to arrive. The following tables show
the official quotations and sales for each day of the past week
total sales for
—
—
NEW ORLEANS.
mon Tile*
UPLANDS.
Hon Tues
Sept. 6 to
Sept. 12.
Sat.
1015,6 Il'l6
ll'ie
llli,6 1113,
1115,6 121,6
121,6 123,6
1214
12%
12%
12%
Wed
Wed Th.
Th. Frl.
H
ll 7 \e
OH
Thursday.
Friday.
Depressed.
Irregular.
Irregular.
Elgh.
ll'ie
1113,6
121,6
123,6
12%
12 >s
13%
14%
B>
11
11%
Low
U"l6
Middling
Middling
13Hi« 13%
145i6
14%
121,6
123,,
12%
12%
lll-">|«
11%
11%
11%
11%
11%
11 >«
1118 le llll3 16 1113,
121i6 121)6 121,6
MAKKKT AND
1218
12518
127i8
1213,6
12%
131,,
13
13%
14%
1311, 6
14°ig
Frl.
11%
11%
ll'is
ll'ia
1113,6 11 34
121,6 12
SALES.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Bat.. Strong, at
Mon
Quiet, at
.
Ex-
adv.
....
300
Tues Steady
Wed.
1
61
1,6 ad.
%
Con- Spec- Transump, ul't'n sit.
I
port.
55
Quiet
330
409
913
633
518
265
65
33
100
100
33
331
Thurs Quiet
2001
Frl. .jQuiet, at lie dec.
....
Total
61613,068
1
Sales.
J
391
474
1,246
788
818
298
Deliveries.
49,600
400
65,800
700
68,700
600
61,300
700
114,400 1,500
55,500 1,600
4,015 415,300
5,500
For forward delivery the sales have reached during the week
415,30) bales (all middling or on the basis of middling), and the
following is a statement of the sa'es and prices
:
For September,
rts.
Bales.
la-on
100..
Bales.
12-4
100 s.n.
2,200
...12-41
1,400
...12 42
3,2(10
...12-48
1214
Cts.
12-40
12-40
s.n
7,000
.1207
TOO....
Bales.
16,400
6,700
7,100
8,000...
8,500
1011
TOO...
1,500...
1,800...
1,500. .
4,400...
.12-08
.1 -09
12-10
.12-1 1
4,600.
4,100.
500..
1218
1,800
12-45
12-46
600...
.12 14
500
.12-47
3,400..
.1211
..
.
..
.1215
2,400
1-48
1,800.
,1216
400
12-49
1,200
1217
1218
2,200..
7,300
..
.
100
100
1,400
2,800
10,<00
...12-24
.
12-25
12-26
1
I
1227
12-28
12-29
12 SJ
00
..10-36
1
1114
H-15
200.
...10
tOO
11-16
1/00
1117
1113
800
300
800
SOO
7,700
4,300
2,400
7,400
5,800
1,800
8,400
10 91
500
...
..10-1-2
3,700
3,200
4,000
2,200
1233
5,100
12-84 12.000
12-35
2,«00
12-85
1,700
12-86
2,100
12-37) 5,800
12-33
3,400
12-39
7,000.
I
12-31
12-82
1
I
3,900
2,700
..10-87
.
.1
-93
600
400
900. ...
l,40'l. ..
.
..
8.200
2,0*0
1,000
1,200
1.F00
.10-51
1,100
10-52
600
100
...10-53
.10-51
1,300
10-95
10-96
2,600
10-5">
70i
10-S6
10-57
10-58
10-59
10-60
10-98
10-9H
11-00
1101
1102
1103
...1104
l>-05
,
3,2
1,800
900
BOO.
1,700
8,100..
2,500
1,300
2,100
1100
U-07|87,200
S8
10-39
10-40
10-41
10-48
10-43
10-44
10-45
10-46
.
200
800
300
10-43
10-44
10-45
10-46
10-48
10'49
10-50
..If -94
.10-97
200..
1,800
..10-<8
10-89
..10 CO
..
10-34
10 35
.
7,100
6,400
...
9,900.
.10-02
.
12.IW
4,900.
I
400...
500..
1,700.
..10-86
..10-37
...
2,000
12-28
t. n...
*.n. IPtM-. -28
3,800
4,500
4,900
2,500
2,000
2,100
1,800
1,600 s. n
4,800
,400
1,
2,800.
12-23
Cta.
600...
100..
100
in-f-5
..
t"r December.
Bales.
11-12
11-13
For November.
For October.
1,200.
.
6,200.
6,400.
8,400...
e.roo. .
1111
178,600
12,700....
12-21
7,400.
12-22
8,000....
100 l.n 151M2-23
19,000
1110
159,300
12-19
12-20
...
Cts.
11-08
li-OK
10 47
10-48
10-49
..10-50
10-51
..10-52
..10 53
.
1 0-51
..10-55
..10-56
For January.
200
.10-41
..
...
.
10-42
..10-43
..
.10-44
1061
1062
10-65
—
—
10-54-10-50 10-47 49
Jau'ry
10-57 59
Feb'ry. 106210-68 70
Karen..
10-79 81
April...
12-20
Tr. ord.
—
To 2
Ask Wgh. Low. Bid Ask
12-30- 12-15 1218 1»
Weak.
—
49
42
49
59
70
80
10-99 10-89110-92
10-54 10-48|10-46
10-48- 10-39: 10-40
10-55 10-48:10-48
10-64 10-5710-58
10-77 10 07110-69
-
47
41
49
60
72
|l0-80 82
12-20
Steady.
F. M.
as made up by cable and
telegraph, is as follows.
The Continental stocks are the figures
Saturday,
but
the
totals
for Great Britain ar.d the afloat
of last
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Sept. 12), we add the item of
exports from the United States, including in it the exports of
Friday only:
1879.
1878.
1877.
1876.
311.000
Stock at Liverpool
485,000
710,000
751.000
68,302
20,000
Stock at London
29,500
38,750
Total Great Britain stock
.
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
769.500
229,000
11.000
59,000
13,000
65.000
37,750
10.000
7,750
12,000
789,750
189.000
4.250
6S.00O
12.000
54,000
62.750
16,500
17.000
5,047
505,000
155,250
1,750
15,500
5,500
35.000
42,250
7,750
5.250
12,000
181,645
280,250
444,450
437.750
409,302
101860
BtockatHavre
at Marseilles
at Barcelona
at Hamburg
at Bremen:
at Amsterdam
at Rotterdam
at Antwerp
at other conti'ntal pons.
Total continental porta
1.829
18,000
2.600
16.649
31,272
1,383
Total European stocks.. .. 590.917
India cotton afloat for Europe. 180.517
40.261
Amer'n cotton afloat for Eur'pe
Egypt,Brazil,&c.,afltforE'r'pe
3.482
66,372
Stock iu Uuited States ports ..
5,694
Stock in U. 8. interior ports..
United States exports to-day..
700
14,250
785.250 1,213.950 1,227,500
195.000
160.000
379,000
34.000
14,000
48,000
23.000
24.000
3,000
133,313
81,289
105.320
11.084
11.019
9,387
2,500
1,000
Total visible supply
887,973 1,090.558 1,559,657 1.811,397
Of the above, the totals of American and other descriptions are as
follows
A merican—
Liverpool stock
Continental stocks
American
afloat foi-Eiu-ope
United States stock
United States interior stocks..
United States exports to-day..
Total American
Ensl Indian, Brazil, <tc—
Liverpool stock
:
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c, afloat
205,000
103,000
40,261
66,372
5,694
700
444,000
321,000
48,000
105.320
9,387
382,000
303,000
34,000
133,313
11,084
2,500
421,027
691,303
927,707
865,897
130,000
68.302
7S.645
180,517
3,482
122,000
20.000
59,2o0
195,000
3,000
290,000
29.500
123.450
160,000
23,000
369,000
38.750
134,750
379,000
21,000
Total East India,
Total American
&c
406.M6
399,250
691,303
6:11.950
945.500
865,897
421,027
927,707
Total visible supply
Price Mid. Upl., Liverpool....
887,973 1,090.558 1.559,657 1,811,397
6i3, 8 d.
6%d.
6d.
6%d.
These figures indicate a decrease in the cotton in sight to-night
of 202,585 bales as compared with the same date of 1878, a decrease of 671,684 bales as compared with the corresponding date
of 1877, and a decrease of 923,424 bales as compared with 1876.
the
movement
—that
is
the receipts
aud shipments for the week, and stocks to-night, and for the
1,400
600
1,900
Bid.
-12-23
11-00-10-86 10-93
10-53-10-43 10-48
10-47-10-32 10-41
10-53-10-41 10-48
10-58-10-52 10-58
10-70-10-64 10-68
10-8010-78
12-25
Barely steady,
At the Interior Ports
10-68
1CM4
As* High. Low.
.
20,100
600..
Bid.
Closing
.
400
800
200.
1,0-0
Low.
For Day.*
Closing.
1229-1216 1216 17 12-35 12-06 12-22 23
October 1112-10-94 10-94 95
Nov'ber 10-59-10-50 10-50
Dec'ber 10-49-10-41 10-40 41
•
For Day.
Closing.
The Visible Supply of Cotton,
12
Mon Tues Wed Th.
Sat.
$
Frl.
M6 117, 6 11%
1H3 1( 1H3„ 11%
12
12iie
1218
123,6
125,6 12%
12ia
12716 12%
1213 16
1213,8 1234
131,6
13'is 13
Sept'b'r
" s.n
Closed.
11
12%
STAINED.
Good Ordinary
Strict Good Ordinary
11%
11%
For Day.
U'lS
—
—
—
Wednesday.
H',8 11
ll'ie
121,6
123,6
—
1
Wed Th.
Frl.
H>,6 11
1111 07 1108
Market.
.
Ordin'y.$lb 1015,6 1015,6 1078
5 pi "115,6 11*4
Btrict Ord.
Good Ord.. lllt,6 1H'16 11%
7
- - H15i6 U15l6 11 8
Btr. G'd
Low Midd'g 121,6 12ii6 12
12 '4 123J6
Btr. L'w Mid 12 14
Middling... 12% 12% 125i6
Good Mid.. '1211 ,6 12Ui6 12%
Btr.G'dMidl2i5ig!l2i5i6 12V8
Midd'gFairl3% 113% 139,6
14*4 \XiH
Fair
113,8
.
11-
Futures
1211
129,8 12H, 12"
1213,6 1213,6 1211,^ 1213,6 1213,8
121316 1215,6 1215i6 1215,6 13-131,6 1215,6 131,, 131,,
Midd'g Fair 13% 13=8 13% 13% 1334 13% 13% 1334 13%
1414
Fair
14% 14H
14% 14% 1414 14% 14%
Good Mid
Btr. G'd Mid
Closing
1065-10-57 10-58
10-52
10-51-10-47110-48 10-59
10-6O-1O-52U0-54 55
10-69 71 10-721 0-64 65
10-80 82 10-78-10-76 10-75 77"
10-88 90 10-9210-90 92
110-85 88
12-40
12-45
12-35
Finn.
Firm.
Steady.
April... 10-80
Tr. ord.
Closed.
Hon Toes
Sat.
Ordin'y.$lb 1013,6 1015 18 1015,6 101„, 6 U'lS IH16
7 16 11 7 18
Strict Ord.. 113, 6 Ho
115,8 ll 6 ie
Good Ord. 11»1« 111. ,6 1111,6 lU'ie 1113,, 1113,0
1115,, HIS,, 1115,6 121,6 121,0
Btr. G'd Ord
Low Midd'g H'5l6 121, 6 121,6 12i„ 123,6 123 16
12>4
Btr. L'w Mid 12%
12H 1214 12% 12%
Middling .
12% 1238 12% 123s 12% 12%
H
March
09 11-18-1108 1115
59 10-65-10-60 10-64
49 10-56-10-49
56 10-63-10-56
68 110-7010-70-10-70 10-77 79 ;iO-80-10-79
TEXAS.
Sat.
For Day.
Closing.
High. Low. Bid. Ask Wgh. Lr,w. Bid. Ask High. Low. Bid. Ask
Sept'b'r 12-40- 12-20 12-38 39 12-4912-38 12-44 4,5 12-42-12-26 12-30 31
" e.n.
12-28
12-41-12-28
and closed slightly lower, yet not much depressed.
The
For Day.
Closing
..10-52
.1053
corresponding
statement:
week
of
1878— is
set out in detail in the following
—
.
September U,
THE CHRONICLE.
1879.]
Week ending
Sept. 12, '79.
Receipts Bbipin'ts
Augusta, Oa
Columbus, Ua
2,151
2,185
677
Macon, Ga
Montgomery, Ala
1,192
3,356
529
711
Bclma, Ala
Memphis, Tonn.*
2,87!)
Nas M
li
1
1
e 'IV
,
10
37
ii..
1
1
.
Stock.
573
560
781
732
Week ending Sept.
13, '78.
Receipts Bbipin'ts Stock.
3,705
2,081
2.694
3,788
2,290
3.144
1,250
2,122
2,352
1,429
1
,052
2,070
1,437
3,076
1,603
8
1,651
110
1,007
300
480
279
220
750
319
390
3,64(1
1,745
10,102
8,222
5,694
15,338
10,796
11,019
Dallas, Texas
Jefferson, Tex.*.
2,078
2.014
1,012
500
Shreveport, La .
Vicksburg, Miss..
1,231
400
553
377
1,230
939
77
900
255
26
450
14
123
112
200
15
83
119
893
32
232
10
271
931
60
543
60
275
982
2?5
500
245
1,163
1,200
Total, old porta.
400
277
Columbus, Miss..
5G9
94
Eufaula, Ala
831
GrilHu, Ga
Atlanta, Ga
Rome, Ga.*
Charlotte, N. C...
Bt. Louis, Mo
Cincinnati, O
124
3,352
1,160
2,723
514
2,004
2,323
Total, new p'rts
10,213
7,128
8,809
9,125
•1,675
7.952
Total, all....
20,315
15,350
11,503
21,463
15,471
18,971
159
20
95
i'55
"is
1,880
1.374
424
413
75
304
595
"66
1,711
1,358
2,051
1,835
519
153
2S1
very welcome, but not enough to do much good.
ranged from 72 to 98, averaging 83.
The thermom-
eter has
New Orleans, Louisiana.—-The earlier part of the pant week
the weather was clear and pleasant, but we have had showers on
two days the latter portion, the rainfall reaching fifteen hundredths of an inch. Tho thermometer has averaged 81.
Hhrtwport, Louisiana.—The weather durin; the past week
has been generally fair, but to-day a heavy rain is falling
Thermometer, highest 89, average 78, lowest 08. Rainfall, ninety-
hundredths of an inch.
five
Vieksburg, Missi,tippi.—There lias 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 thermometer has ranged
from 74 to 85, averaging 79. Boll worms and rust Btill increasthe week, no rain having fallen.
ing.
Hock, Arkansas.— It has been cloudy two days the past
we had a light rainfall (thirty-eight hundredths of an
Little
week, and
The thermometer has averaged 72
Last week the average
The above totals show that the old interior stocks have thermometer was 76, with a range of 62 to 87. The rainfall for
increased during the week 1.8S0 bales, and are to-night 5,325 the month of August was eight inches and ninety
-six hundredths.
The receipts at the
bales less than at the same period last year.
Nashville, Tennessee.— ll has rained during the week on two
tame towns have been 5,236 bales less than the same week last
days, the rainfall reaching forty-two hundredths of an inch. The
year.
'
Estimated.
the extreme range having been 59 to 87.
1878.
1879.
78.962
7,020
17,604
13.WS1
71.546
59,249
51.429
42,198
37,570
32,429
29,308
25.223
22.888
7,471
14,472
11,815
4.968
4,780
10,760
9.604
10,940
7,509
6,392
4.693
4,832
4,384
8,645
1,243
1,119
2,149
7.800
thermometer has averaged 68, ranging from 52 to 85.
Memphis, Tennessee. Telegram not received.
Mobile, Alabama.
It has rained severely on one day, and has
been showery two days, the rainfall reaching seventeen hundredths of an inch. Crop accounts are more favorable. Picking
is msking rapfd progress.
The thermometer has averaged 78,
the highest being 91 and the lowest 68.
Montgomery, Alabama. There has been no rainfall during
the week, the weather having been fine. Crop accounts are
more favorable. Picking is progressing finely. Average thermometer 77, highest 90 and lowest 63.
Selma, Alabama. There has been no rainfall during the past
week, the weather having been warm and dry. Picking is progressing finely and planters are sending their crop to market
8,853
freely.
7,882
Madison, Florida
had rain during the earlier part of
the past week, but the latter portion has been clear and pleasant.
The thermometer has averaged 74, the highest being 94 and the
lowest 55. The top crop will be poor. Planters are sending cotton forward freely.
Macon, Georgia.— Rain has fallen during the week on one day.
The thermometer has 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 developing rapidly,
favannah, Georgia.
have had no rainfall during the
week, the weather having been pleasant. The thermometer has
averaged J7, 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 somewhat better and weather good. Picking is progressing finely,
and cotton is being sent to market freely. Average thermometer
76, highest 91, and lowest 60.
Charleston, 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 we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
Receipts from the Plantations.— The following table
is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the out ports are sometimes misleading, as they are made up more largely one year
than another, at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following:
RECEIPTS FROM PLANTATIONS.
Week
2
9
"
*•
•*
"
"
12,14
9,661
5..
9,390
8,526
8.526
6,519
6,102
4.404
3,676
3,299
2,601
2.102
1,733
2,644
4,335
5,885
18.,
12,100
20
27
July 4
" 11....
» 18
" 25
Aug.
1.
Sept.
"
1879.
22,2~3 107,534 ;75,550
19.031 97,606 65,770
19,897 88,376 56,433
16,281
June
• 18
1878.
1878.
31,196
24,252
20,097
19,732
18,220
12.380
17,909
16
23
SO
•
1877.
1877.
16,500
t8,673
17,113
11,231
11,089
6,612
10,721
7,188
6.879
5.949
5,287
3,782
4,086
6,203
3,63'
3,032
2,800
3.671
3,272
2,503
3,069
3,945
4,657
5,699
15,784
26.750
47.431
3,462
4,813
4.875
13,920
30.054
70.000
67.786
57,509
52,154
45,760
35,811
32,077
28.9BT
27.979
25,361
22,472
21,574
19,118
17,600
16,278
16,449
16.272
48,305
39,025
34,154
29,315
23.28'
21,240
19,675
18.033
15,494
12,527
11,005
8,346
6.238
5,099
6.593
9,979
18.971
1879.
1877.
3,171
2,141
2,368
1,324
2,658
20,691
15,528
14.410
681
'
13,966
8,461
1,471
4.065
2.210
802
1,835
2,154
2,050
3.028
13,049
11,477
1,204
410
7,463
1,126
3,013
6,058
11.032
5,480
829
18,378
30,136
4.713
18.217
56.423
35 019
7,301
9,598
14.563
—
—
—
Receipts at the Ports. Stock at Inter'r Ports Rec'pts from Plant'na
ending—
May
inch) this (Friday) morning.
2.549
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 88,559 bales; in
1877 were 17,988 bales.
the receipts at the out ports the past
2. That
week
were 30,054 bales and the actual movement from plantations was
35,019 bales; the balance being added 10 stocks at the interior pons.
Last year the receipts from the plantations for the
same week were 56,423 bales, and for 1877 they were 11,932 bales.
—
— We
—
— We
—
—
Sept. 11, 1879.
Sept. 11, '79. 8ept. 12, "79.
Feet. Inch.
Feet. Inch
Weatiier Reports by Telegraph.— With the exception of
a storm over a portion of Texas, the weather the past week has New Orleans
Memphis
having fallen, especially
in those sections where caterpillars have appeared consequently,
been generally favorable, very
little
rain
;
crop reports are more favorable.
—
We have had showers on four days, the
one inch and fourteen hundredths. Rains have
been general and beneficial, but in many sections the movement
has been interfered with by a storm. The thermometer has
averaged 80, the highest being 87 and the lowest 75.
Indianoia, Texas.— \i has rained during the week on four days,
the rainfall reaching five inches and fifty-nine hundredths.
We
have had an unusually severe storm this week, beating out much
open cotton and interfering with picking. The thermometer has
ranged from 72 to 88, averaging 80.
Cersicma, Texas. The weather has been warm and dry
throughout the week, and we are needing rain badly. Picking
Galveston, Texas.
rainfall reaching
—
is
making
and lowest
fine
progress.
Average thermometer
82, highest 98
67.
—We
DaUat, Texas.
have had good showers on one day this
are needing more.
The thermometer has averaged
82, the highs t being D8 and the lowest 67.
he rainfall for the
week and
Below high-watermark . 12
6
13
Above low-water mark..
Above low- water mark..
....
Shreveport
Above low-water mark
4
Vieksburg
16
5
Above low-water mark.
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-watei
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 10 feet above low-water mark at that point.
Comparative Port Receipts and >aily Crop Movement.
A comparison of the port m >vemeat by weeks is not accurate,
as the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
eich port each day of the week ending to-night.
PORT RECEIPTS FROM SATURDAY, SEPT. 6, '79. TO FRIDAT. SEPT. 12. '79.
.
.25
.
Nashville
.
—
I
D'ys
New
of
Oiwe'k leans.
Mo-
NorChar- Savan- Galnah. vest'n.j folk.
1
1
bile,
le.stou.
49fi
619
487
1.742
1.251
9^ii
2.12.!
1.661
1.284
2.116
rues
407
58
289
458
Wed
1,135
Kil
Hint
188
1
17
632
869
649
897
Frl..
715
352
1,319
2,066
2.128j
Tot..
3,786
1,135
4,892
8.38<?
9.1 IB
Sat..
88
Men
1,256
1.04 V
Wil-
hundredths of an inch.
ll'-i
h'lut, 'Texas. — It has rained during the week on one day,
the rainfall reaching fifty hundredths of an inch.
he rain was
is
forty-flve
'1
The
uiuveuit.ni each tisont
>
Total,
ton.
218
61
136
104
5
188
21
140
76|
26
924
2,104
5 4 1
5.124
4,878
4.858
7,636
707i
456
1,241
34X004
32
215
»4I
76
I
week
All
ming- others.
20
15
Pince Sept. 1 has been a* follows:
.
:
THE CHRONICLE.
282
Year Beginning September
Monthly
Kecelpts.
1878.
1877.
1876.
1875.
1.
1874.
1873.
XXIX.
[Vol.
sive rains have caused a portion toshed off; with good weather and a late
The crop is later than last
fall there is sufficient left to make a full crop.
year's by fully two weeks. It is at a critical period, and how it will turn
out asoompared with last year must depend upon the weather during the
In Southnext thirty days. Picking lias commenced all ovc-r the State
In Middlo
ern Georgia ltbeoame general about the 1st of September.
will
be
general
the
loth
to
the 15th
picking
from
and Northern Georgia
inst.
Worms are complained of only In Northern Georgia; in two counor
of
shedding
All
e-mplain,
more
less,
of
ties they have done damage.
bolls or of rust. The li Jury, however, is only slight, except in light or
sandy lauds.
The replies from which this report is compiled were mailed on the
last days of August, during the rainy spell, when 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 throughout Georgia are Improving.
;
July
August...
288,848
689,264
779.237
892,664
616,727
564,824
302,955
166,459
84,299
29,472
13,988
18,081
Corrct'ns.
458
Bept'mb'r
October.
Novetub'r
Decemb'r
January
.
February.
Marob
April
.
.
.. ..
May
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142
20,240
34,564
52,595
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
68,939
36,030
17.631
14,462
66,293
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
29,422
33,626
71,985
134,376
536,968
676,295
759,036
444,052
383,324
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
Total year 4,447,276 4,345,645 4,038,141 4,191,142 3,497,169 3,804,290
Perc'tage }f tot. port
99-68
99-72
98-36
98-79
9828
reoeipts Aug. 31..
00-32
00-28
01-61
01-21
0172
Total port recelpts..
100-00
10000
10000
10000
10000
This statement Bhows that up to Aug. 31 the receipts at the
ports this year were 101,831 bales more than in 1877 and 409.135
The receipts since
bales more than at the same time in 1876.
September 1, 1879, and for corresponding years, have been as
follows.
1879.
Sept. 1....
«•
a....
3....
"
"
«
"
7....
"
8....
4....
5....
6....
" 9....
" 10....
" 11....
"
12...,
1878.
3,490
1,848
1.331
2,264
4,927
2,104
43,974
Percentage of tota)
p'rt rec'E ts Sept. 12
Tota'
408
5,708
4,051
4,799
4,221
7,116
4,108
S.
1,246
616
1,008
754
1876.
3,085
1,398
3,108
8,923
4,738
61,702
14,979
40,161
00-34
1,380
1,734
1,407
S.
S.
01-45
1,064
4,630
2,996
3,414
3,111
3,982
4,708
13,115
7,341
6,258
7,982
8.
1875.
1,918
1,691
1,701
1,655
S.
5,454
5.124
4,878
4,858
7,636
1877.
S.
S.
3,764
3,228
3,116
3,621
3,928
3,127
8.
00-99
S.
26,379
00-63
1874.
1,265
1,075
1,615
1.682
2,145
8.
3,390
1,957
1,841
2,746
3,423
3,214
24,353
00-69
This statement shows 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 por September 1.—We publish
below the Cotton Exchange reports for Sept. 1 as received by
telegraph
Norfolk Department.
The Norfolk Cotton Exchange (H. 8. Reynolds, Chairman, W. D.
Kountree and R. P. Barry, Committee on information and Statistics)
Issues the following report, covering the State of Virginia and the following Counties in North Carolina: Rutherford, Lincoln, Catawba, Rowan,
Davidson, Iredell, Burke, Wilkes, Caldwell, Alexander, Davie, Forsytbe,
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 Yirginia^-29 replies from 21 counties.
Seven report the weather since August 1 as wet, but more favorable for the cotton than that of last year. Twenty-two say that the
weather sinoe August 1 has been very wet aufl unfavorable, muoh more
bo than last year. Eight report the cotton as fruiting well, but not retaining its squares, anl twenty-one repert the cotton fruiting badly and
bedding. Seven report that the condition ef the crop is good, and
probably better tbau It was last year, and twenty-two state that the
crop is bad aud worse than that of last year. No worms of any consequence have been reported, and there has been scarcely any picking as
yet, but it will become general about the 20th to the 25U» of September.
There has been n» serious damage by rust, but there is much complaint
of shedding.
Charleston Department
covers the State of South Carolina, and is prepared and insned by the
Charleston Cotton Exchange, through their Committee on Information
and Statistics, composed of Robt. D. Mure aud L. J. Walker.
South Carolina.
—
77 replies
from 29 counties.
Tbo weather for the month of August is almost universally reported
as unfavorable, too muoh rain or else too much eold being oomplained of,
end it does not compare well with last season. The late growth is generally reported aa fruiting but poorly, exceptiag in a few counties, and
not retainiifg the bolls. The condition of the crop on the 31st ultimo is
reported fully as goed to better by twenty, about the same by ten, not
quite so good by thirty-five, and from 10 to 50 per cent worse, as compared 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 considerably 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
On an average we should say about 20 per cent has been lost by
off.
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 sanio is seasonable, and
with a late frost, a good crop may yet be made.
Savannah Department.
This report covers the State of Georgia anil the State of Florida. The
rhport is prepared and issued by the Savannah Cotton Exchange, through
their Committee on Information and Statistics, composed of J. H. Johnston, 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 favoraWo for the plant than last year. The plant was well fruited,- but the exces-
Florida.
—17 replies from 11 counties.
The weather during the month of August has been varied, part of the
time favorable, aud at times there was too much rainfall on the
whole it was less favorable than that of last year. The plant has lost a
;
portion of its fruit from shedding, taking on a second growth when the
rains commenced. It has more weed than last year, but hardly as much
Worms are
fruit. Picking became general about the 1st of September.
mentioned in nearly all the replies, and damage from them iu two counIn the Sea Island section there has been too much rain.
ties is reported.
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 f 'ill crop will be gathered.
Mobile Department
covers the State of Alabama as far north as the summit of the Sand
Mountains, aud the following Counties in Mississippi: Wayne, Clark,
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisbamingo. 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 Buttuer, 8.
Haas, Louis Touart and G. Thos. Cox.
Alabama.
—88 replies from 47 counties.
The weather during the month of August has been wet and unfavorable
compared with last year, muoh less favorable. The plant is not
fruiting well I'or retaining squares and bolls. The average present con;
dition is reported 20 per cent worse than last year. Picking has oammeneed, and will become general all over the district about the middle
of September. Boll-worms and eaternillars are reported pretty generally, but no serious damage has resulted therefrom, except in the prairie
and bottom lauds of middle Alabama. Damage from rust and shedding
is general aud 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
Picking has comis, on an average, 5 per cent worse than last year.
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.
—
New
Orleans Department
covers that part of the State of Mississippi Dot apportioned to the Memphis and Mobile Cotton Exchanges; the entire State of Louisiana, and
the State of Arkansas south of the Arkansas River. The report is piepared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Wm. A. Gwyn,
Chairman, L. F. Berje, Chris. Chaffe, Jr., W. H. Howcott and A. G. Ober.
Louisiana.
September
—79
replies
from 34 parishes; average
date,
1.
The weather during 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, however, is good, and compares favorPicking has fairly
ably with its condition at the same time last year.
commenced aud will become general by the 9th of September. Army
worms, rust and rot have done very serious damage, and the Injury from
Shedding, superinduced by too much rain and storms, has been very
'
Beat
Mississippi.— 99 replies from 32 counties;
August
average date,
31.
The weather during the month has beon unfavorable and
les*i
favora-
ble than that of last year. The plant during the latter part of the month
was fruiting well, retaining its squares and bolls. Mauy complain of
shedding during the first half of the present month, caused by continuous rains. The present condition of the crop is good, better than it was
last year, though grass is complained of in many instances. Pickiughas
commenced In most counties and will become general about September
10. Worms have appeared in twenty-seven counties, and while caterpillars 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 oent. Replies dated on and after the 1st inst from Amite. Calhoun,
Claiborne, Copiah, Pike, Simpson, Wilkinson and Yazoo counties state
that severe damage was douo to the cotton crops by tbo storm of
September 1.
Arkansas. In consequence of the quarantine no replies have
been received in answer to questions sent to our correspondents
—
in Arkansas.
Galveston Department
covers the State of Teras, 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.
M. Nortlunan and J. J. Lewis.
—
Texas. 80 answers from 54 counties; average date Sspt. 1.
Sixteen report favorable weather 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;
Picking became general
twenty-eight, Aug. 15, and fourteen, Sept. 1.
two weeks after it commenced. A few worms were reported from 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-half the cotton counties of the state. Correspondents 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
We have reason to
report the crop as good or better than last year's.
believe that the counties not heard from, many of which are in the
will
make
a fair crop, and if
the
State,
portions
of
eastern
and
northern
a full report were obtainable, the general average for the State would
by
our
report.
shown
appear larger than
.
September
13,
1879
THE CHRONICLE
]
L'Si
SUMMARY OF NATIONAL COTTON EXCHANGE REPORTS FOE SEPTEMIIKR
.2-
a
3
August
weather.
Weather
compared with
Condition
Fruiting.
5
1878.
10 more favo-
Galveston.
80
54 53 dry aud hot. 18
1 rainy.
70 well.
54 poorly and
ablo.
L6 favorable.
All of Texas
saiuii.
17 less favor-
shedding.
able.
Ar
Orleans.
.
J
.m lis ia
1
1:
1
79
.
Not so favora- Decidedly less Well, but some
34 ble as in July.
shedding.
favorable.
Shedding up to
Part of
Mis-
)
S
aissippi.
)
09
eomi aicilwitu
1878.
15th August.
32 Unfavorable. Less favorable Well, 15th to
31st August.
When
Picking
commenced.
2 say
12 say
8 better.
8 same.
24 say
04 not so good. 28 say
14 say
will
picking
become
Two week*
after
Now
Remark*.
Worms
In two counties, but no
damage. Weather loo dry. Cn.ps
1.
September
9.
ru|H>rts
are only from a lion t half the counties of the State.
Worms,
September
The
nullciitig for ruin.
coininoiiceiu't.
1
Now good and
better than
last year.
1879.
general.
July 1
July 15
Aug. 1
Aug. 15
Sept.
When
1,
serious
rust and rot have done
damage, and much »hed-
ding owing to excessive rain* and
storms.
Worms
good and
better than
last year, but
September
1.
reported In 27 counties,
but no harm done yet. Considerable damage from Imll-worms In
September 10.
lereral countie*. Damage from
soauf grass.
rust,
shedding and rot estimated
at 15 per cent.
Mobile.
Part of Ala.
Part of
Mis
)
sissippi.
)
'
88
47
34
17
65
43
Wet.
Le6s favorable
unfavorable.
Much
Too wet.
Less favorable
Wet and
less favorable.
Savannah.
AU
Not well; shed-
20 per cent
ding.
worse
Not well; shed-
5 per cent
ding.
worse,
Heavy
Georgia
oaused
rain
shed-
ding.
Later by two
weeks.
•
September
1.
September
15.
Boptcmbcr
1.
Soptember
15.
September
1.
In So. Georgia,
Sept. 1.
In
Mid. and No.
Georgia
by
Sept. 15.
AU
Florida
Portiou of fruit
Variable, part
More weed but September
dry ami part Less favorable lost by shed- less fruit.
diug.
too wot.
17
11
77
Universally
29 unfavorable.
Charleston.
8.
C.
i
No damage from boll -worms or
caterpillars. Damage from rust
aud sheddiug make crop 3 per
Worms
in So. Georgia, und havo
done damage In two counties.
All complain of shedding ami
rust, but Injury slight
light and sandy lauds.
Worms mentioned
1.
September
20 as good or
better.
September 1 In
few coun- 10 same.
all but six Sept. 8 to
Less favorable ties, audshed- 35 not so good.
counties.
ding.
12 lOtoSOper
1.
in a
except In
nearly
in
replies; damage reported in
counties.
all
two
Worms in only one county; no
damage expected. Plant consid-
Poorly, except
AU of
Boll-worms and cuterplllurs generally reported, but no scrfoiu
damage except on prairie and - ,t
toms.
Damage from rust and
shedding general aud serious.
15.
erably Injured by rust, rot and
shedding. Average loss by shedding, 20 per cent.
cent worae.
7 more favor-
Norfolk.
Virginia
and No.
Carolina
i
>
29
7 wet.
21 22 very wet.
able.
22
much
less
favorable.
)
7 as good or Hardly begun
No worms reported.
8 well.
better.
21 badly, and
yet (on Sep- Sept. 21 to 25. damage by rust, but
bad
22
&
worse
plaint of shedding.
shedding.
tember 1.)
than 1878.
No serious
much com-
[y No report from Arkansas aud Tennessee ou account of the interruption of the mails by yellow fever.
—
Cotton Crop Report. We give our annual cotton crop report
Shipments this week Shipments since Jan. 1.
to-day in our editorial columns. In connection with our
Great ContiGreat ContlTotal.
Brit'n. nent. Total. Britain.
nent.
remarks upon the prospective consumption of Great Britain,
the following extract, taken from an English journal, with 1879 3,000
3,000 249,00o!335,000| 584.000'
1878
7,000 308.000)390,000 698,000;
regard to the cotton trade of North Lancashire, will be of 1877 7,000
1
1
1,000
1876
interest.
1,000
1,000 375.0001 408.000
l.ii id 538.0001 359.0001
783,000
Receipts.
This
Week.
3,000
2,000
1,000
897,OOo!
Since
Jan. 1.
780,000
853,000
994,000
999,000
From the foregoing it would appear that, compared with last
temporary depression there are
year, there has been a decrease of 4,000 bales in the week's shipevidences of the decadence of cotton manufacturing in some
ments from Bombay to Europe, and that the total movement
parts of North Lancashire, formerly the great seat of the indussince January 1 shows a decrease in shipments of 114,000 bales,
try. In 1844 there were but 30 mills in Preston; in 1862 there
compared with the corresponding period of 1878.
were 70, or an increase of 233 per cent. Now there are but 64.
India Shipments Other Than Bombay. Below we give the)
Six of these mills have been destroyed by fire and not rebuilt.
week's shipments of cotton to Europe from Calcutta, Madras,
Other mills have been shut up, owing to bad trade. There are Tuticorin,
Coconada, Carwar, Rangoon and Kurrachee. These
in Preston at the present time 1,626,000 mule spindles and 214,For the
figures are collected for us and forwarded by cable.
000 throstle spindles, or about 1,200 pairs of mules. In 1865 week ending Sept. 11 the shipments were as follows. We also
there were 1,397 pairs of mules, containing 1,840,252 spindles. give
the totals since January 1 and the figures for previous years
Thus it will be seen that the present return shows an actual for comparison.
decrease of 197 pairs of mules, with 214,252 mule spindles and
Shipments since January 1.
Shipments this week.
about 10,000 throstle spindles. When it is estimated that the
ordinary calculation is £\ per spindle, it will be found that the
ContiGreat
Great
ContiTotal.
Total.
less value of machinery at present employed compared with
nent.
Britain.
Britain.
nent.
1865 is £ 225,000. There are in Preston at the present time no
353,000
123,000
280,008
less than 383 pairs of mules stopped, some few by fires but the
170,000
58,000
113,000
1878
3,000
3,000
bulk by depressed trade. Though the town of Preston has 1877
126,000
47,000
79,000
8(1.0(111
200,000
114,000
14,000
12,000
2,000
suffered from periods of great depression, there has hardly 1876
The
present
time.
ever been so many mules stopped as at the
The above totals for this week show that the movement from
less
than
means
that
no
number of spindles stopped practically
the ports other than Bombay is 3,000 bales less than same week
2,000 persons are thrown idle. There are at present in Preston of last year.
over
over
of
of
1874;
6,475
2,040
33,630 looms, or an increase
Alexandria Receipts and Shipments. Through arrange
1862; and 5,000 over 1860. The number of looms actually ments we have made with Messrs. Davies, Benachi & Co., of
Blackwhole.
At
fifth
of
the
or
a
stopped amount to 6,040,
Liverpool and Alexandria, we shall hereafter receive a weekly
burn there are at present 1,142,324 spindles running, and 405,- cable of the movements of cotton at Alexandria, Egypt. The
826 stopped. There are some 112 mills and sheds, and in a following are the receipts and shipments the past week, and for
short time two more will be added 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
1877.
1878.
1879.
Sept. 11.
town in 1864, so that in 15 years there has been an increase of
over 18,000. At Burnley there are 102 mills and sheds with about Receipts (eantars*)—
33,000 looms, of which 5,555 are not running. In the district of
10,000
1,000
6,000
Accrington there are 30 mills at which weaving is carried on.
15,000
8,000
1,000
Since Sept. 1
The number of looms is 12,425, while in 1864 there were but
This
Since
This
Since
Since
This
Some manufacturers state that the only alternative to
9,850.
week Sept. 1. week Sept. 1. week Sept. 1.
the absolute closing of their concerns is another 10 per cent
reduction. The hands state that this will really mean a total Exports (bales)—
500 2,000
2,000
250
500
250
reduction of 30, and in some cases 35, per cent.
Apart from causes of
—
—
Bombay Shipments. — According to our
cable dispatch received
500
500
500
500 2,500
2,500
250
250
bales shipped from Bombay to
have been
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 eantars, and the shipments to all Europe have been 250 bales.
bales. Ths movement since the 1st of January is as follows.
Manchester Market. Our market report received from
Manchester to-day (Sept. 12) Btatesthat there has been no change
These figures are brought down to Thursday, Sept. 11.
to-day, there
—
—
..
.
.:
:
:
THE CHK0N1CLE
284
during the week
We
1879.
»U
32s Cop.
Twist.
Cott'n|_„ „
Mid. 32s C °PUplds| rwl8t
lbs.
8 '4
I
Shirtings.
Cott'n
Mid.
lbs.
Shirtings.
-
Aug. 22.
dales of the
week
Uplds
.
Total stock
Of which American
Total import or the
d.
(l.
Aug.
1
"
8
"
"
15
22
29
••
d.
s.
(1.
8%®9>4 6 1>2»7
8»4®9i4
89i®9i4
419
4^2
4's
4i«
4ia
lie»7
6
IHdl
8%®9>4 8 lia®7
6
lifl»7
5
8%<z>93s
S'eS'O's
8 78®9ia
6 3
12
S- s ,/ill-j
6
Sept.
"
a.
3
3
®7 6
®7 6
®7 6
d
1
d.
d.
d.
s.
S^gWOOs d 4i»®8
9 @9»s « 4ia s>8
4>2®8
8 7s®9ia
8?8 ®9ia 6 3 ®8
lia®8
8 78»9>2
et*« 8%*93s 6 l»s®8
8^®938
6
l>s®8
«>3l«
6»16
0»18
6*16
6»e
413
4^2
414
!
week
«J,„
Of which American
Actual export
(i's
Vnioiin t afloat
d.
d.
b.
6=8
Aug. 29.
61,000
4,000
49,000
4,000
4.000
427,000
297,000
21,000
6.000
6,000
176,000
22.000
bales.
Forwarded
American
Of which exporters took
Of which speculators took..
Sales
1878.
J
[Vol. XXIX.
We
in the prices for either shirtings or twist.
leave previous
therefore repeat last week's quotations.
weeks' prices for comparison.
July 25
1
Of which American
60,000
2,000
42,000
6,000
4,000
417,000
206,000
47,000
9,000
4,000
132,000
19.000
3
1%
li2a>8
8%®93s
Bagging continues to
ei-!i«
(ilt
Sept. 5.
Sept. 12.
50.000
1,000
38,000
4,000
2.000
379,000
237.000
12,000
10,000
6,000
131,000
26.000
48,000
4,000
34,000
6,000
4,000
341,000
205,000
11,000
4,000
6.000
118,000
26,000
The tone of the Liverpool market for spots and futures each dav of
the week ending Sept. 12, aud the daily closing prices of spot cotton
1n
611, „
(JH,„
6>s
aave been as follows
Satnrdayj Monday. Tuesday. Wedn'sdy Thursd'y Friday.
Spot.
sell freely
Uunny Bags, Bagging, &c.
Firmer k
in jobbing parcels, but no demand is to be noted for large lots.
A
Market,
Harden'g. fract'n'lly
Steady.
shade
Quiet.
Prices are very steady, and holders still quote 9c for If lbs , !ljc," 12:30 P.M.
dearer.
easier.
lbs.,
but
these
figures
would
be
shaded
6T8
for 2 lbs., and 10}c. for 2|
Mid. Upl'ds
678
613 I8
6'3is
613,6
6^
Butts are not offering very freely and the Mid. Ori'us.
for a round parcel.
7
6' B 18
7
'1 here is a fair
inquiry
and
the
smaller.
sales
stock is becoming
Market, )
6P.il. j
are 2,000 bales from store, for which* 2 9- 16(32 jc. were the figures
paid, and 4,000 bales, ex ship, at a private figure, but probably Sales
7.000
10,000
8,000
7,000
6,000
7,000
1,000
about 2 7- 16c. There have been no arrivals the past week, and Spec. & exp.
1,000
2,000
1,000
1,000
1,000
the close is firm at 2^@2ic., according to quantity and quality.
Futures.
Cables from Calcutta quote an advancing market.
Quiet,
Market,;
but
Dull.
Firmer.
The Exports op Cotton from New York this week show a 5 P. M !
steadydecrease, as compared with last week, the total reaching 4,944
The actual sales of futures at Liverpool, for the same week, are given
Below we give our usual
bales, against 13,760 bales last week.
below. These sales are on the basis of Uplands, Low Middling clause
table shewing the expirts of cotton from New York, and their unless otherwise stated.
direction, for each of the last four weeks; also tlm total exports
Saturday.
and direction since Sept. 1, 1879, and in the last column the total
Delivery.
d.
Delivery.
d.
Delivery.
d.
6i3 le Oct.-Nov
Sept
625 3 o®i3 :s
for the same period of the previous year.
65i 6 ®ii 32 Sept
6H18 Nov.-Dec
6i8
Oct
6i ls
Feb.-Mar
Exports of Cotton (hales) frosi New York since Sept. 1, 1879.
Sept.-Oct
.6Hi8
—
,
Week ending—
Same
Monday.
Total to period
Exported to—
Liverpool
Aug.
Aug.
Sept.
20.
27.
3.
6,325' 5,618
3,500.
300
Other British ports
6,600
6,849
Sept.
10.
date,
4,814
9,296
4,861
9,296
4,861
Sept
Deliver)/.
627.12
8ept.-Oct
Oct.-Nov
.6%®23 32
Delivery.
Sept
Sept.-Oct
311
130
44
93
194
311
130
441
93
Delivery.
627 32
...62832
6H 32
Oct.-Nov
194
;
Hamburg
Other ports
Delivery.
Total to North. Europe
Spain Op'rto, Gibralt'r,
All other
,
&c
|
...
,
9,737
1,954
at New York,
Boston, Philadelphia and Baltimore for the past week, and since
September 1, 1879
from
York.
This
N. Orl'ans
Mobile
Boston.
Since
I
Texas
Savannah
Philadelphia.
1
1,694
5,807
2,301
4
586
278
579
49
691
Foreign
1
1
556
307
582
243,
556
243
BS
82
27
108
108
349
131
'i'5'4
1
1
.
Delivery.
Sept.-Oct
fiiiig
Oct.-Nov
65 1S
6>u9%
Delivery.
Dec.-.Tan
619 ,2
6» 16
6>4
Sept.-Oct
Delivery.
623 33 ®34
6i7 :1 o®9 )e
Oct.-Nov
OVi® 1*
Sept
Nov.-Dec
Mar.-Apr
:
Oct.-Nov
6
6T3 o®i4
6%
1
Delivery.
Sept.-Oct... 6»8a>l932
® 8 1«
Oct.-NoV
6»M®l4
Sept
Sept.-Oct
8,363
799
799
190
190
634
Last year.
9.0561 19,421' 1,619
1,619
900
900
121
11,983
Delivery.
63i
6i ia
(Jlie
BREADSTUFFS.
P. M., Sept. 12, 1879.
market has shown increasing activity for the common and medium grades, at advancing prices, and the higher
grades, though quiet, show more firmness and less depression.
319 Production is held in check by the speculation in wheat, which
keeps the price of the grain higher than its product. A
13t
considerable portion of the receipts are in bags on through
154 shipments for export. Rye flour and corn meal are very firm,
To-day the market was again
but not materially higher.
The
flour
common extras at $4 40@4 75.
The wheat market opened the week somewhat depressed in
124 tone and slow in trade shippers were inclined to hold off,
buoyant, with sales of
This year.
Shipping News.
6i8
6iie
Friday,
This
This
Since
Since This
Since
week. Sept. 1, week. Sept.l. week. Sept. 1
63
4,019
2,230
554
B*«
Jan.-Feb
TnURSDAY.
Delivery.
Sept.-Oct
Sept.-Oct
Oct.-Nov
Baltimore.
. .
Florida...
S.Carolina
N.Car'lina
Virginia.
North.p'ts
Tenn., Ac.
Nov.-Dec
Jan.-Feb
I
week. Sept.
Dec-Jan
Friday.
'10,019 5,937 13,760 4.944
Grand total
The Following ahe the Receipts of Cotton
New
6I3 X6
Sept
Oct
Oct.-Nov
11)
Total Spain, &c
Beceipts
6 T8
Sept
6%
Delivery.
Sept
Sept.-Oct ...OHis® 23
66 1B ®11 32
Oct.-Nov
19
.
65 32
63 32
Wednesday.
Delivery.
Bremen aud Hanover.
653a
Delivery.
Nov.-Dec
Feb.-Mar
Oct.-Nov
Other French ports
Total Frencii
Delivery.
61132®% Nov.-Dec
Tuesday.
...
Total to Great Britain 9,825 5,918 13,149 4,814
Havre
Delivery.
prevl'us
year.
634
;
—The
exports <.f cotton from the Unitec
States the past week, as per latest mail returns, have reached
6,033 bales. So far as the Southern ports are concerned, these
are 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
night of this week.
New York—To Liverpool, per
steamers European, 1,523
388.... City of Montreal, 609.... The Queen, 1,039
Wisconsin, 600
City of Berlin, 655
Total bales.
Gal-
No. 3, new, $1 03, to arrive; No. 1 white, $1 13%
for Sept.; $1 13 for Oct., and $1 13%@1 14 for Nov.,
and No. 2. red $1 12%@1 13 for Sept., $1 12&@1 12% for Oct.
To-day there was renewed activity
and $1 13@1 13.56 for Nov.
to arrive, $1 05;
lia,
To Havre, per steamer, Labrador, 130
New Orleans—To Liverpool, per steamer Chilian, 919. .. :
Baltimore—To Bremen, per steamer Baltimore, 8
Boston—To Liverpool, per steamer Parthia, 137
awaiting the, effect abroad of the large shipments in August,
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,
4,814
130
949
8
137
@1 13%,
and buoyancy, with large sales of No. 2 spring at $1 05@1 07.
Indian corn has met with a very active demand, and yesterday sold largely of No. 2 mixed at 47}g@47Mc., on the spot
Liverpool.
Havre.
Bremen.
Total.
for September; 47%@47%c. for October, and 48%@48Mc
and
New York
4,814
130
4,944
New Orleans
949
....
....
949 for November. White corn is more plenty and does not retain
Baltimore
8
8
The
still scarce.
.Boston
137
137 late extreme values, but round yellow is
except in
is rather cool for the maturing crop, but,
weather
Total
5,900
130
8
6,038
extreme latitudes, it is believed to be out of danger from frost.
Cotton Freights remain unchanged at last week's figures.
To-day No. 2 mixed advanced to 47}£e- on the spot, 47%c.
Liverpool. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c, at that port
for October and 48%c. for November.
Total
6,038
particulars of these shipments, arranged in our usual form,
are as follows:
The
—
.
.
1
...
September
13
THE CHRONICLE
187E.1
Rye has been active for No. 2 Western, large sales having
been made for September delivery at 65Mc.@65>2C. To-day,
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at
lake and seaboard
porta, and in transit by lake, rail and
canal. Sept 6, was
follows:
Wheat,
Corn,
Oats,
Barley,
R/e,
u
the market was firm, and a boat load of No. 2 Western sold for
the first ten days of October at (5554c
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%c. for mixed and
The following are
closing qotations
34c. for white.
No. 2
$ bt)l. $3
Buperflno State and
Com meal-
Western, &o
4 15
4 65
4 75
5 75
.
1
«;:>
«7
31
bltls.
lbs.)
Chicago
Milw:uikce
Toledo
bush.
'60 lbs.)
.
Corn,
bush.
(56
11)8.)
37,894 1,092,008 1,959.450
18.766 365.530
20,000
1,016,957
191,776
6,113 435,685
5,121
3,280
961900
26,700
40,817 787,160
74,325
1,544
28,950 163,860
3,900 152,293
21,974
Detroit
Cleveland
St. Louts
Peoria
Duluth
HufTulo
3,087,838
1,100,000
12,000
27>v;.l
1 ,155,68
292.82!)
183,923
1,018,339
.
452,314
1 05,000
990,391
150,458
Oswego
0.1
II-,
47%
48ia
®
®
®
»
®
®
08
34
38
(30th)
I'hiludolphta
..
IndhuMOOlla
Kansas City
Baltimore
On Canal
Hall shipments
1.
1
!.'
Total
Aug. 30, '70
Aug. 23, '79
Aug. 16/79
Aug. 9, '79
Wept.
.
shipments..
7,
78
OOIP.(HM)
69,«O0
1,253,691
3,230.811
20.3 19
12,990
309.773
4.005
290.OOO
bush.
bush.
7.-.9.0-0
26,107
150,000
75.000
9,740
160,817
35,433
'ii'jtti
10,808
117.000
8,148
25,000
470
52,004
2,000
801.371
291,000
41,320
275,932
102,400
30,050
193,332
39,141
1,872,104
447,496
2,800,000 1,500,000
503, 3 14
355,907
2,117,512 1,246,910
1,741
1
<).-.,
700
1
8,7.18
80
19.714
1
I
0.000
'
120,888
I
377,5!)
39,784
27,302
190.789
30,200
1,845
'
8400
103 -:u
312
8,335
14,207
15.200
3,618
11.700
70,299
,028
102.000
31.450
175.090
17,045,773 13,003,518 2,704,131 501,209
15,748,775 13,104,508 2,492,897 355,222
15.960,899 12,582,429 2,279,174 800,188
16,026.837 12,110,032 1.821,631
3O0.3 1
15,189,594 11,430,314 1.914,487
1118,421
12,804,249 11,382,411 3,913,898 1,5331811
937,191
761,262
797.180
493.906
179.111
977,056
475,947
131,483
1
1
.
THE D1Y SOJDi T
Oats,
Barley. Rye,
bush.
bush
bush
(32 lbs.) (48 lbsi 56 lbs.)
389,633 120,418 121,68!)
"6,200
i:i:i,31m
lo.Y.r.io
bush.
i.-.i;.i.-,h
129,036
18,000
11,535
00,8
Peoria
hush.
2,512,464
H31
Louis
Huston
St.
w 57 "a
w «5»a
33'
State, 4-rowed...
State, 2-rowed
I
®1
®
48
53
.
No.2.
Wheat,
Flour,
(196
Albany
Chicago
®i 14
®i 1313 Toronto
Montreal
91 15
40V<*
47 V®
Western No. 2...
Western Yellow..
Western White.
Rye— Wcst'n.
i
Wl 07
Brandy wine, Ac
Peas— Can'da.b.A I
70
85
Receipts of flour and grain at Western lake and river ports
for the week ending Sept. 6:
At-
bush.
(est.)
Detroit.
No.3 spring, $ lm. $i oo
No. 2 spring
1 05
Ainbor winter.
1 08
Ked winter, No. 2 1 13
White
09
No. 1 whito
1 11
State and Canada
00 Oats— Mixed
5 20
White
3 90 Barley— Canada W.
2 10® 2 50
2 05® 2 75
at—
Oo. afloat
I'liiuih
Corn— West, mixed
4 85
5 75
7 25
5 40
New York
Toledo
GRAIX.
00® 3G5 Whcat-
Wcsteni
3 85®
Extra State, &c
4 40®
Western spring wheat
extras
4 3S®
do XX and XXX... 4 85®
Western winter shipping extras
4 50®
do XX and XXX... 4 90 3)
Minnesota patents... 5 25®
City shipping extras. 4 50®
Southern bakers' and
family brands
5 40®
South'n ship's extras. 4 80®
Rye Hour, superfine.. 3 60®
In Store
Milwaukee
:
FLOUR.
285
Friday.
tADE.
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
continued buoyant, and a very iberal distribution of staple and
department goods was made by all the leading firms. The
cotton goods conlmission houses effected a fair amount of new
25,300 133,780 30,075
96,911
11239
7,431
4,811
357
37,600
1,100
900
105,831 22,210 17,005
121.800 35,000 31,760
112,314 3,975,483 2,466,206 784,506 317,349 216 025 business, and their deliveries on old orders reached an important
Previous week. 124,064 3,486,274 2,492,256 1,081,912 152,259 215 418
Samo time '78.. 107,899 3,690,045 2,880,615 1,238,213 401,975 251J730 aggregate. More inquiry for spring-weight woolens was
Total receipts at same ports from Jan. 1 to Sept. 6, inclusive, manifested by the clothing trade, and fair orders were placed
__ Total
for four years:
for cassimeres, worsted coatings,
1879.
4,341,739
1878.
3,751,031
1877.
2,777,611
1876.
3,505,210
55,674,958
68,353,940
21,505,113
3,013,124
2,896,353
52,139,853
70,929,168
21,885,408
3,916,120
3,283,487
19,433.980
59,658,599
14.436,934
3,317,289
1,767,158
32,188,101
56,409,655
17,156,075
3.43O.208
1,367,003
Total grain.... 151,143,488
152,183,836
96,613,960
110J55 1,642
Flour
bbls.
Wheat
bush.
Corn
Oats
Barley
Rye
Total receipts (crop movement) at the
to Sept. 6, inclusive, for four years:
Flour
bbls.
Wheat
bush.
1878.
554.372
18,409,190
15,325,833
5,443,225
588,722
1,114,514
Corn
Oats
Barley
Rye
Total grain
1879.
723,874
....
40,881,781
Flour.
..bbls.
1879.
4,710,466
Wheat
bush.
18,132,006
18,125,016
7,324,307
1,(115.239
1,224,178
same ports from Aug.
1
1877.
!)
543,799
packages, including 862 to Great Britain, .55 to Brazil, 75 to
British East Indies, 69 to Hayti, 60 to China, 49 to Mexico, 48 to
Argentine Republic, 40 to British West Indies, 39 to Peru, &c.
9,142,455
14,991,004
3,791,007
598,107
827,231
46,121,406
29,339,864
23,903,593
Comparative shipments of flour and grain from the same
ports from Jan. 1 to Sept. 6, inclusive, for four years:
49,314,136
60,829,877
15,780,874
2,214,187
2,722,865
Corn
Oats
&c, for future delivery. In
was a freer movement from the hands of
importers and jobbers, and considerable quantities of dress
silks, velvets, dress goods, &c, were disposed of through the
auction rooms to fair advantage. Prices were generally steady
in first hands, but some irregularities were developed in the
jobbing quotations for prints, some makes of which were
offered at low and unremunerative prices.
Domestic Cotton Goods.—The exports of cotton goods from
this port during
he week ending September
were 1,523
foreign goods there
I
There was a steady hand-to-mouth demand for most seasonable
makes of cotton goods at first hands, and liberal sales were
effected by jobbers.
Brown sheetings were in good request,
but a trifle easier in some cases, and such makes as Atlantic,
Indian Head, &c, were subjected to a slight reduction in price.
Bleached and colored cottons continued in steady demand and
firm in most instances. Print cloths were quiet and a shade
lower, say
4@4^c.
64x64s and 3 J2@3 9-16c. for 56x60s.
demand at first hands, and there was a
steady movement in ginghams and cotton dress goods.
Total grain
130,861,939 116,585,309
83,347,023
09,442,331
Domestic Woolen Goods.— There was a slightly-improved
Rail and lake shipments from same portsfor the last four weeks:
demand for some descriptions of woolen goods, and business in
Week
Flour,
Wheat,
Cora,
Oats,
Barley
Rye
for
Prints were in irregular
.
ending—
bbls.
bush.
Barley,
bnsh.
Rye,
department (though not active) was fair for the time of
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
Total, 4 w'ks. 559,460 10,289,601 8.885.169 2,427,771
102,535 785,906 clothing trade. Cassimeres and cheviot suitings were
Tot.4 wks'78 457,559 10,673,816 9,130,771 3,823,558
in moderate
152,256 598,929
request, and considerable deliveries we're made by agents in
Receipts of flour and grain at seaboard ports for
the week
ended Sept. 6:
execution of old orders. For over-coatings there was only a
«ePt._6
Aug. 30
Aug. 23
Aug. 16
.,
„ AiT
,.
ork
£^LY.
Boston.
bush.
138,367 2,620,836 1.602,817
155,881 2,555,396 2,387.109
130,365 2,438,317 2,912,306
134,847 2,675,032 1,982,877
"" r
^bbls.
1
-
-
Portland
Montreal
Philadelphia
Baltimore
New Orleans
l
Wheat,
.
bush.
Corn,
bush.
hush.
627,430
600,209
564,797
635,335
Oats,
bush.
i?'i2* 2 -?71.1?2 1,327,014 279,355
51,891 149,708
84,301 124,371
3,200
5,200
1,500
14,351 570,988 322,130
0,821
12,650 521,550
91,150 94,800
23,475 1,118,900 203,750 32,000
10,791 137,045
13,868
6,145
37,327
37,780
19,165
8,263
And
F lour
Wheat
Cora
Oats
Barley
Ryo
1,700
10,075
2 000
...
228,485 4,709,743 2,047,413 544,995
7,100
200.061 4,910.087 2,031,021 571 066
5 430
217.95 4,083.282 1.807,446 750.514
000
188.330 1.394,707 2.637.364 502.596 30:863
from Jan. 1 to Sept. 6, inclusive, for four years:
week
week
'78..
'77.
.
bbls.
bush.
year.
Barley, Rye,
bush?
bush
1,100 l|»!s86
4,300
Total week...
Previous week.
Cor.
Cor.
this
bush.
200,540
181,307
301,005
00,994
1879.
6,855,623
1878.
5,894,062
4,607,519
80.0 1 8,430
78,341,874
15,012,329
1,709,438
2,644,052
62,427,763
78,717,478
15,601,214
2,483,515
3,117,901
13,085,571
60.577,927
12,163,579
2.172.850
1,209,889
1877.
151 001
64.093
186 708
lSoloOO
1876.
6,266,005
29,433.858
I6i567|678
2,791,119
484,611
j
I
j
Tot*1
• 183,816,123
162,347,871
89,269,810
110,669,821
'
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 specialties in fancy dress goods found ready buyers.
Black and colored dress silks were in fair request, and satins, velvets and
millinery goods continued in good moderate demand.
For
linen and white goods there was a somewhat lessened inquiry,
and Hamburg embroideries and laces were only in moderate
Prices of the most stable fabrics were steadily mainre q Ues t.
:
tained,
and stocks are well
in
hand as the rule
l
-
THE CHRONICLE.
286
lihHKltAL
City, thin oblong, bags
Western, thin oblong (Uom.)
PRICES CURKENT
Croton
Philadelphia
V
Cement— Kosendale
Lime— Rockland common. ...»
bbl.
bbl.
* M.lt.
ABh.good
Black walnut
Spruce boards & planks, each
!V
1 HO
S2 00
9J
«0
~
A
u
Rangoon,
1
40
5*
8
25
a
12
10
a
a
14
CHKHSU—
a
7
Btate factory, fair to prime
r»
fi
Ohio Sat, fair to fine
"
5X3
CO All—
1100a
Aug.
Egg
.
2 15
1-.
Port
2 (0
Wi
2
2
...
2 »7>iM.2 40
32X
Btove.... 2 50
2 20 @2
Ch"nut... 2 85
50 cents additional lor delivery at New York,
5 L. & W. quotations are for WilkeBbarre coal.
nx
CuFFKE—
Ulo, ord.car
»»
x\H»
do fair,
do good,
do prime,
Java, mats
NatlveCeylon
Mexican
Jamaica
Maracalbo
Laguayra
"
"
14ya
15K4
'•
do
do
do
St.
"
Sheathing,
14
'
14
12
12
13
'
'
"
"
COt-PKKBoits
24
"
Domingo
new (over 12
Mackerel, No. 1, Bay,.
Mackerel, No. 2 Mass. shore
Mackerel, No. 2, Uay
Layers
do
do
Loose,
I
a
a
a
a
a
a
a
..* case.
*
V
Cuba, clayed
Tar, Washington
Tar, Wilmington
55
65
7X
,....¥ bbl.
Olive, in casks* gall
Linseed, casks and bbls
Menhaden, crude Bound
to extra
Whale, bleached winter
Whale, crude Northern
Sperm, crude
Sperm bleached winter
Lard Oil, H»». 1 M» d i
1
o
V
gal.
1
a
a
a
a
"
"
"
23 00
22 00
ai 00
24 CO
00
i2x
oca
n
B
45
45
41
73
"
"
90
41
2
i%
d.
>.
i-82
S) •
St.. N. Y.
Co.,
II
Wall
59
\
St.,
N.Y
*
"fi
9
a
SUFER-CARBONATJE
6X
.-•.«
Co.,
MANUFACTURERS OF
a
j
&
John Dwight
4
OP
SODA.
New
Old
Slip,
The Jobbing Trade
ONLY
So. 11
PINE STREET.
York'
Supplied.
Insurance.
Stocks
MARINE AND INLAND INSURANCE.
OFFICE OF THE
a
a
20
27
S3
23
40
28
36
@
®
<2
@
a
1
80
1 80
a
90
86*
a
a
Owens & Mercer,
ORIENT
Mutual Insurance Co.
$1,123,270 63.
3 00
1 55
4 25
500
Interest allowed on deposits, to be drawn at will.
Also, Contracts made and carried in New York
issue a Daily
Cotton and Produce Exchanges.
Letter which will be sent on application.
We
F. Gilbert
No. 16 Broad
St.
&
Co.,
(near Wall),
BANKERS AND STOCK BROKERS.
Stocks bought and sold on the NEW YORK STOCK
on a margin of 3 percent, if desired
Equal attention given to small and large Investments.
Any information given personally or By mail. First-
EXCHANGE
class references.
00
64
SO
70
46
42
75
93
46
It l S
:
George Mosle,
Edward
F. Davison,
Henry DeB. Routh,
E. H. R. Lyman,
Henry R. Knnhardt,
Turner
Co.,
^Manufacturers and Dealers hi
COTTONSAILDUCK
And all
kinds of
COTTON CANVAS, FELTING DUCK, CAR COVER
1NG, BAGGING, RAVENS DOCK, SAIL T WINEB
*C. " ONTARIO SEAMLESS BAGS,
"AWNING
STRIPES.'
Also, Agents
United States limiting Company.
and Colors always
No. 109 Duane Street.
.
Walter Watson,
Krnesto G. Fabbri,
Auchincloss,
Lawrence Wella,
Henry E. Sprague,
John Welsh, Jr.,
William Pohlmann,
Alexander Hamilton,
Lewis Morris,
Conetantin Mecelas,
Carl L. Recknagel,
Theodore Fachiri,
Chas. F.
Zimmermann,
W.
Wm.
Ramsqy Crooks,
Gustav Schwab,
George H. Morgan,
F. Ca'y, Jr.,
Carl Victor,
»
C. L. F. Rose,
S.
Wilson,
F. Cousinery,
Arthur B. Graves,
H. L. Chae. Renanld,
L. M. CalvocoressL
ANTON METZ,
Secretary.
Assistant Secretary.
I'
&
A (all supply all Widths
S
Alex. M. Lawrence,
John D. Dix,
Charles Munzinger,
Hugh
CHARLES IRVING,
BrinckerhorT,
T E E
EUGENE DUTILH, President.
ALFRED OGDEN, Vice President.
'
1
T
Exchange Court and 52 Broadway.
H.
December, 1S78,
Assets, 31st
Commercial Cards.
M
'
'
*
12X
a
a
a 53
a
a so
STHa
13X*
35
"
5
26X8
4 50
a,
....a
Gbo. A. Mercer.
Wm. F. Owens.
Member. N. Y. Stock Exchange.
7
5
1
8
«.
AND COMMISSION STOCK BROKERS,
5
13
5
8
„
3J
20
70
1 65
Central Street.
Cash paid at once for the above Securities'; or they
on commission, at eller's option
6
a
a
170
1 25
&
Wall
)
30
BANKERS
atore fWces,
4\
"
59
H II ( II A <N T S
AND SHIP AGENT
Hong Kong, Canton, Anioy, Poor ho w
Shanghai and Hankow, China.
Boston Agency,
New Yorfe Agency,
J. MURRAY TORBES.V
S. W. POMEROY Jk.,
will be sold
j6*
None here.
None here.
"
low No. 2 to good Wo 3 *•
low pale to extra pale.. "
•
windowglais
Cottonseed, crnde
'
ie
M
"
40
MISSION
Jb„
15
u
"
Russell
'I
A SPECIALTY.
16
4
u
is
26
28
20
23
27
sj
2 6
@32 6
@
6
SA.I'
,
,
d.
V
Bailey,
S.
7X
*\
3xa
"
—
6X@
'ce.
Office,
AGINT,
POMEROY
.4
@
Insurance
t%
lcxa
u a
56 00
12
H
80
W
Dealings In
10
5
13
5 50
16
12
17
Financial.
7
1
gal.
Pitch, city
? gal.
Spirits turpentine
Rosin, strained to good strd.V bbl.
" low No. 1 to good Ho. 1 "
*
8.
45
1*
28
SI
Hong Kong.
Head
41
42
23
61«a
»b'.
E.
62>ia
4
4
Shanghai
Banking Corporation,
5X
».
1CX
1
"
HAVAL STOKES—
27 6
24
1
ai uo
19 00
21 50
Cuba, Mus., 50 test
Barbadoes
Demerara
Porto Rico
50 test
do
W.O., com. to choice
Heavy goods. .*ton.
n
s:n&
47 50
Ralls, American, at tide-water
Steel rails. American, at tide-water. 52 00
MOLASSES—
a
Pork
1
ton. 22 00
Bar, Swedes, ordinaryslies...* lb
Bar refined, Eng. and Amer.per ton.
*»
Sheet, Russia, 8 to 14
2 3
\
Hong Kong &
CO
bbl.
,->
5
7H
21
6!¥a
,
Fig, American, Forge
Pig. Scotch
,
15
»
Flour
17
'i
a
Plg .American, No. 1
Pig, American, ho. 2
1
15
4«a
o
IROK--
Heatsioot, No.
16
15X
a
5 00
ft.
•
OILS—
a
a
m
a
Beel
Macaroni, Italian
V
Dotnem.c DriedApp)», Southern, sliced (new)-* ».
do
quarters (no new)
do
State, sllCfcd,
So
do quarters
do
pared,
Ua.,
good to ch'ce..
Peaches,
unparerl halves and qrs...
do
Blackberries (new)
Raspberries (new;
Cherries, pitied, ury mixed (new)..
Plums, State
Damsons
do
whortleberries (new)
11
15
15«
IS*
a
75
«X
!-X3
20
17
new
Figs, new
OantJan Ginger
Sardines, * nulf tin
Bardlne*. V quarter box
••
nx
Bro.,
ItIIXWARD'S HELIX NEEDLES.
400 BROADWAY, NEW YORK.
Extra, Pulled City
No. 1, Pulled
California, Spring Clip-
Hurry
_
South Am. Merlnc, unwashed
Cape Good Hope, unwashed
Texas, fine. Eastern
Texas, medium. Eastern
Smyrna, unwashed
FRKIGHT8—
t- BTBAV.
».
9. d.
To Livbbpool:
3-16.3
Cotton
* ».
&
George A. Clark
ST.
Ti
*»
Amerlcan XX
American, Nos. 1 St 1
American, Combing and Delaine ...
Corn.b'lk&Dgs. » hr,
Wheat, bulk « bags..
3 50
crown
Valencia,
Currants
Citron
Prunes, Turkish, new
French
do
Dates
»
Primeclty
WfllTl Stkkst.
WOOL-
17
(TR01T—
Italilas, Seedless, per BOlb.iral)
Yellow..
TALLOW-
Various Mills.
BOSTON,
15 CHAU&01Y
PHILADELPHIA,
W. DAYTON. 230 Chistnut Stbskt.
15
'Sj/ra A d E ^y
7X3
7X3
7X8
6X3
"
"
"
NEW YORK,
C<
Superior, unwaBhed
Fair
11X
a
3
'•
•
J.
ft
Interior
BX a
Gr'dBk.4 aeorge's (new) cod.* qtl.
pr.bbl
Mackerel, No. 1,M. shore
8X3
sua
«Ka
9 >a
t%*
"
»x
K1SH—
IX «
Coflee, A. standard
&
a
6
••
do granulated
do cutloaf-
n
6
a
6V«
«x»
6X3
6xa
7xa
4X»
"
"
"
"
"
10>ia
ozj
io"
6
'
Nos.9@U
It
14
* »
Braziers' (over not.)
American Ingot, Lake
COTTON— See special report.
do
2 30
2 50
2 3)
14j,a
•'
Savanllla
Costa Rica
A w.
Johnst'n.
*i 2.i
2 20
-
»
an
o:xa2
»:
.... a s»
L.
Schedule.
Aui. 13.
"Weehawken.
27.
Hoboken
buig.*
13 .0
.2 20
}
Auction.
Auctton.
NewBt'mb.
Grate.
D.&H.
D.L.&W.
Penn.
.
"C"
....
Anthracite— The following will show prices at
auction or present schedule rates; the names Immediately above the figures indicate the places of
Schedule.
B
off A
do
WhlteextraC
KxtraC
....
43
6x1
exa
2X»
--
..» IOC
Melado
8 00
last
delivery:
*».
....
.
From
U
17
<
Saratoga Victors' Tllg Co,,
AND
Hosiery, Shirts and Drawer*
11 DO
12 10
»xa
-co
a
Rrfintd— Hard, crushed
Hard, powdered
a
Liverpool gat cannel
Liverpool honsrcannel
a
a
«
>5
.* »
,
.
a
25
50
01
bond
AGENTS FOR
liKopee Tlfff Co.,
Bnrltsiston Woolen Co.,
Ullerton New JTltlU,
Atlantic Cotton Mills,
Wasliiiitrton Mill*,
....a
Inferior to common refining....* ».
"
Fair
"
Good refining
Porto Hico. refln., fair to prime "
Nos.
10(812..
Boxes clayed,
Centrifugal, Nos. 7@13
Brazil,
"
in
E.R.Mudge,Sawyer&Co
5*
10
a
8 75
••
Manila, sup. and ex. sup
Batavla, Nos.l0@12
lb
dairy, fair to choice..
..
snoAR-
6K
1
bbl.
.
Carollna, fair to prime,
Lonlslans, f.lr to prime
5 6c
5 CO
i
V
RICE-
7
Wfiat'n
„rp»merv good
eood to prime
nrilQG "
West'n creamery
Welsh, 8tate,fatrto choice.... "
Western
"
Lard, City steam
a
a
a
BUTTER— (Wholesale Prices)—
tubs, fair to chce.1i
'
Hams. smoked
,
&
Refined
27 50
«
!**
<xa
4xa
5
'
Beef.extra mess
Beef hams, WeBtern ....
Bacon, West, long clear
so 00
a
a
27 CO
gal.
Beel, p'aln mess
...
...
a
a
20 00
2 15
4 2]
Clinch, ix to Stn.&longer
Sdfine
State, palls
V
Pork, mess, spot
Pork, extra prime.^.
Pork, prime mess, West.
so
43 00
45 00
@15u 00
25
16
45 00
14
Cutsplkes.allsizes
/aints— Ld.,ln oil, com., price. V tt.
Lead, dry, combloailon, price....
Zinc, oxide, dry
Sine, French, green seal
»5o
26 00
_
(an
&
10 00
19 00
ti
35 00
35 00
73 00
Is
*M.
Maple
Kails— '.0«60d.ccm.fen.* sh.» keg
100
"
.
Crude, In shipping order
Cases
PROVIBIONS-
7 00
•
a
70
ft.
one*
ton.
Naphtha. City, bbls
•
a
a
325
Hemlock boards, each
Paris whlte.K^a.ClIffa.
*
PETROLEUM-
'".j
Rockland, finishing
4um»«r-Plne,g'dto ex.dry.V M It.
Pine, shipping, box
do tally boards, com.tog'd.each.
Oak
Commercial Cards.
OILCAKB—
ASHES...Tib
Pot, avorted
PKHADSTUt PS— Seesoecial report.
BUILDING MATERIALS—
tirlcJtn— Common hard, afloat..* M
[Vol Xiix.
In
stock
M
I.
UTUALLIFE
iSUlNCECOMPMi
OF NEW YORK,
F.S.WINSTON, PRESIDENT.
ISSUES EVERr APPROVED DESCRIPTION OF
LIFE AND ENDOWMENT POLICIES
ANTEJBMS AS FAVORABLE AS THOSE OF
ANY OTHER COMPANY.
ORGANIZED APRIL. 12™ 1842.
CASHMISPYER$ 80,000,000.
:
September
THE CHRONICLE
18, 1879.J
IiiMirancc.
IiiNiirancc.
«
HOME
Insurance
OFFICE OF THE
Almy &
'
CompanyJ
(Successors to
No. 9S
ATLANTIC
CONDITION
,
,,,-.,„„, ,„i
i3
Insurance
Co.
Total Assets
K 08 ??^
York, SZ^'lry
23, 1879.
on the Slst December, 1878:
Premiums received on Marine Risks,
from 1st January, 1878, to 31st Deaffair*
cember, 1S73
mirked
off
A
,
Premiums marked
ary, 1878,to Slst
8.734 24
John
Dividend of FIVE PER
on demand.
CENT
NASHVILLE, TENNESSEE.
,
W. Lamkin &
D.
New York
Bank and other stocks. $10,086,758
Loans secured by Stocks, and otherwise
The General Trans-Atlantic Company's
Mail Steamships,
Orders to Purchase Cotton la our market solicited
Refer to Messrs. THOMAS J. SLAUGHTER,
701,200 00
Real estate and claims due the Company, estimated at
74
92
amount of AsselB~^TTT7f. . $13,310,463 16
Six per cent. Interest on the outstanding
Total
certificates of profits will be paid to the
holders
thereof, or their legal representatives, on
and after
Tuesday, the 4th of February next.
'
The
Outstanding Certificates of the Issue
of 1875 will be redeemed and paid to
tho holders
thereof, or their legal representatives,
on and
cabin, *65
third cabin, *t>5; steerage, $26, including wine, bedding and utensils.
Return tickets at very reduced rates, available for
Dividend or Thirty per cent,
is de-
clared on the net earned premiums of the
Company,
for the year ending Slst December,
1878, for which
certificates will be ixstred on and
after Tuesday, the
—
6th of May next. L
'
By
order of the Board,
J.
:
twelve months.
For passage and freight apply to
LOUIS DEBEHIAN,
after
A
wine;
Felix Alexander,
COTTON BROKER,
AUGUSTA, GEORGIA.
:
Tuesday, the 4th of February next, from
which date
all interest thereon will cease.
The certificates to
be produced at the time of payment and
cancelled.
Entire attention given to purchase of COTTON
on
for SPINNERS and EXPORTERS
ORDER
COBRKSPOKDBKOB SOLICTTSD.
References :— National Bank of Augusta, Georgia
Henry Hentz A Co., Commission Merchants Ne»
York; William B. Dana 4 Co., Proprietors Cohhsk
oial akd Fisahoiai. Cusokicu, and other New
Y01 k Houses.
Agent, 55 Broadway.
Rope.
AND
Atlas Mail Line.
STEEL
IRON of
For West Indies and South America, Calling at
the following ports, viz.: Kingston (Jam.), Cape
Hayti, Gonaives, St. Marc, Port au Prince Aux
Caves and Jacmel, In Haytl Santa Martha, Savanilla, Curthagena and Aspinwall, in Colombia:
and
Greytown, Nicaragua.
Regular Fortnightly Sailings from Pier No. SI
Secretary.
ID.
cllned Planes, Transmission
[of
rvanlzed Charcoal
[ships' Rigging,
-
Sept. 18
Sept. IS
!
[
AILSA
ATLAS
Sept 27
constantly on hand from
which any desired length
:
For Porto Rico—CLARIBKL, Sept. 20.
Superior flrst-class passenger accommodations.
PIM,
TlirsTEES
D. Jones,
W. n. n. Moore,
Charles H. Russell,
David Lane,
Francis Skiddy,
Charles Dennis,
Adolph Lemoyne,
William E. Dodge,
Thomas F. Youngs,
Josiah O. Low,
J.
John D. Hewlett,
Charles P. Burdett,
Edmund W.
Corlies,
Lewis Cnrtls,
James Low,
Gordon W. Burnham,
Wm.
Sturgis,
Royal Phelps,
C. A Hand,
William H. Webb,
Horace Gray,
John
Elliott,
Alexander V. Biake,
Charles H. Marshall,
Robert T. Stuart,
Robert B. Mintnm,
George W. Lane,
Frederick Chauncey,
William Bryce,
Peter V. King,
Horace K. Thurber,
Charles D. Leverich,
William H. Fogg,
Thomas B. Coddington,
A. A. Raven,
James G. DeForest,
William Degroot,
Benjamin H.
J D. JONES, President.
RAVEN,
3d Yice-Prejudeat.
are cut.
FLAT STEEL AND
IRON ROPES
CO., Agents,
No. 87 Wall Street.
Mining
for
purposes manufactured to
order.
MASON
.
MANHATTAN RAILWAY COMPANY,
SIXTH AVENUE LINE.
43 Rroarfway,
A-
CO.,
New
York.
OPEN FROM 5*0 A. M. TO IS P. M.
Rector Street— Nearest point for Wall St. Ferry
and connects with the cars for South Ferry. Cortlandt Street— Nearest point for Jersey City and Com.
munipaw Ferries. Park Place. Chambers Street
Franklin Street. Grand Street. Bteeeker StreetConnects with cars for East and West. 8th Street
14th Street. 2Sd Street. 8Sd Street. 42d StreetConnects with New York Transfer Company's cab
for Grand Central Depot. 50th Street and Oth Ave
58th street. 53d Street and Hth Ave. 50th St. and
Oth Ave. 72d Street and Oth Ave. 81st Street and
Oth Ave. 93d Street and Oth Ave. 104th Street and
Oth Ave. For up-town traius tukeeast side stations
For down-town trains take west side stations.
Trains will run to 58th stieet and 6th ave. and
104th street and 0th ave. alternately.
Sunday trains from 12:30 P. M. till 12 midnight.
FARE TEN
$tn\ Wm$.
GOLD MEDAL,
Cc
M
303-404- 70-35
1
CENTS,
M.
VAN
WM.
R. GARRISON, President
BROCKLIN, Superintendent.
e.
1
throughout the world.
f
Joseph 6illott& Sons.
STEEL
SPENCERIAN
PABIS, 1878.
Hi* Celebrated Xumbere,
-332.
and Am other ttyles may be had of all
dealers
Except between the hours of 5:30 and 7:30 A. M. an
5 and 7 P.
when the fare is Five Cents.
.Field.
CHARLES DENNIS, Vice-President,
W. H. H. MOORE, Sd Vice President
A. A.
FORWOOD &
Power. *c.
Also Gal
and BBte
Suspension
linages. Derrick Guys,Ferry
Ropes, Ac. A large stock
North Riveras follows
For Hayti, Colombia, Greytown, Port Llmon. Aspinwall, Panama, and Sunt h Pacific Ports
For Kingston. Hayti and Maracaibo
MINING AND
HOISTING PURPOSES,
;
ALVO
_
ETNA
CHARCOAI4
superior quality
suitable for
:
H. OHAPKAN,
MISS.
New
Wm.
NEW YORK AND HAVRE.
The splendid vessels on this favorite route far the
Continent— cabins provided with electric bells— will
sail from Pier (new) No. 42 North River, foot of
Morton street, as follows
ST. LAURENT, Joucla
Wed.. Sept. 17. 6 A. M.
PEREIRE, Danre
Wed., Sent. 24. 12 M
AMERIOUE, Delord
Wed.. Oct. 1. u A. M
PRICE OF PASSAGE, (including
To Havre— First cabin, S100; second
K«;,
York
BITWISE!
619,03) 50
Premium Notes and Bills Receivable? 1,529,259
Cash in Bank
j - 381,210
Co.,
Cotton Factor*,
VICKSKl
00
"-
Direct Line to France.
United States and State of
Stock, City,
Co.
t 3 n glTent0 8p,n,,er,,orde
"- Co
spoyd e'n ce^U ci te d
Steamships.
ONLY
the following assets, viz.?
&
COMMISSION MERCHANTS,
C
4,186,024 92
Co.,
COTTON
has been de-
off
Losses paid during ihe
sa.ee period
82,012,784 45
Return; of Premiums and
Expenses. .. $859,980 58
York.
&
F. Wheless
16,188,021 74
clared, payable
from 1st JanuDecember, 1878....
The Company has
85 U21 2H
" .„...
New
COTTON BUYERS 4 COMMISSION MERCHANTS
80 Stone Street, New Yark.
O <ier« lu Futures executed at N. Y. Cotton Exchange
141 170 00
56 178 21
,.
street.
H. Tileston
*
235,778 00
CHAS. J. MARTIN, President.
3. H. WASHBURN, Secretary.
#,858,00683
h»"c been issued upot
uor upon Fir6, disconnected with Maslne, Risks
236 64
ImHSb
uneollected'bn'poli-
Total
volicics
Lite Risks
1,02ft
rwai estate
Premiums due and
117 Pearl
value).... 3,21u'50<> im
value)
....
11
Pal '''"•; !"'"rket value)
Loans on l?^S!,
stocks, payable on demand
(market value of securities *218,387)..
Interest due on 1st July. 1879....°
._.
1,848,697 36
,
1
Co.,
Orders for Spot Cotton aad Futures
promptly ex*
Hrst iienb'n
(worth «,lK7.Ahu)
,
COTTON BROKERS,
'
cles Issued at this office
1878
Total amount of Marine Premiums.
No
real estate
I A
&
Dennis Perkins
tD2 422 A7
United states stocks market
Bank stocks (market
<*"« « «" °' 1-*
NE W ORLEANS.
ASSETS
tSS^S
$4,009,309 47
po'icies not
Ik January,
In Banks
Bonds and niortgnt-es. Immhk
K^ *
COTTON BUYER A COMMISSION MERCHANT.
.''>'
Cash
WATER
L. F. Berje,
o™
''17
'"'N »nd for the protec1,
.}:„,,
tion
of Policy-Holders
„f KIBE INSURANCE
The Trustees, In conformity to the Charter of
the
Company, Bubmit tho following Statement of its
Premiums on
/vy,
$6,128,021 71
SUMMARY OF
New
prtn*c1p.iruThe rn
nn
1 tT«
00
220/210 20
1,179,591 48
m, vo for Re-inimrance
Reserve for Unpaid Losses
Net Surplus
K,
Mutual
statement,
SHOWING THE
OJTHK COMPAJIJg* THE FIRST
CASH CAPITAL
CO.),
STREET.
BOSTON, MA««.,
h
OFFICE, 119 BROADWAY.
s,
Co.,
OBAY *
COTTON BUYERS AND BROKERS
OF NEW YORK,
Fifty-Second
"lion.
PENS/
New York.
In 20 NUMBERS, of superioi
English make, suited to every style
of writing. A Sample of each for
trial, b\ mall, on receipt of 25 CTS.
.
ASK VOIR STATIONER FOR
TUE SPENCERIAN PENS.
[vison, ttiiikriiiiiii.'liiylor&ri
NKW VOWK.
:
.
THE CHRONICLE.
tf
SEAMEN'S BANK
No*. 74
&
Stillman,
COMMISSION MERCHANTS,
TORE.
GENERAL COMMISSION MERCHANTS
„OANS MADE ON ACCEPTABLE
Receive consignments of Cotton and other Produce
and execute orders at the Exchanges in Llverpoo
Represented in New York at the office of
BABCOCK BHOTHERS *
50 Wall Stbekt.
Cotton Exchange Building,
New
101 Pearl Street,
York.
H.
SECURITY.
i*lb«ra'
LOANS MADE ON
adTRDCes made on Consignments.
Special attention paid to the execution of orders for
the purchase or sale of contracts for future delivery
LIVERPOOL,
17 Water Street,
COTTON
COMMISSION MERCHANTS,
T6 Wall Street,
NEW
B.F.BABCOCK&CO.
INMAN,SWANN&Co
BUILDING.
13, 1879.
Cotton.
Cotton.
Cotton.
Woodward &
[September
SOUTHERN SECURITIES.
W. &
H.
CO.,
Farley,
J.
COTTON FACTORS,
COMMISSION MERCHANTS,
AND
FINANCIAL AGENTS,
of cotton.
132 Pearl Street,
&
Henry Hentz
Wm. Mohk. ClemensFischek, H. w.Hanemann,
Son of J. T, Hanenmnn,
late of Knoop, Hanemann & Co.
Co.,
GENERAL
O Box
F.
New
3,909.
York.
Advances made on Consignments.
Special personal attention to the purchase and sale
or
''CONTRACTS FOlt FUTUKE DELIVERY" OF
COTTON;
COMMISSION MERCHANTS, Mohr, Hanemann & Co.,
Schroeder & Johnston,
8 Sou lb William St., New York.
COTTON BROKERS,
SUCCESSORS TO
Advances made on Consignments to
123 PEARL STREET,
Willi, MURPHY A CO.,
Messrs. JAMES FIN LAY & CO.,
Special attention Riven to the execution of
Also execute orders for Merchandise through
Messrs.
FINLAY,
Illllt
A
and sold on Commission
in
Fielding,
bought
8c
Gwynn & Co.,
signments.
COTTON FACTORS
jETNA
COMMISSION MERCHANTS,
COMMISSION MERCHANTS,
140 Pearl
HOUSES IS
MANCHESTER AND LIVERPOOL,
de Jersey
E.
&
MOODY A
(Successors to
Co.,
PEARL STREET, NEW YORK,
AND
21 Central Street, Boston.
Liberal advances made on consignments. Prompt
personal attention paid to the execution of orders
or the purchase or sale of contracts for future
delivery.
Lehman, Dubr Co
Montgomery, Ala.
COMMISSION MERCHANTS,
James F.Wenman& Co.,
COTTON BROKERS,
No. 140 Pearl Street, near Wall, N. \
Established (In Tontine Building)
&
1841.
is
of
Smcuiin^a
Very highest references
[arketf 01 tlv ^oith.
Fo further prticu ars see written cummucf* of the Commercial
t ^ o
asd
BROS
CLE.
Office
MANAGERS,
54 William St.,
Liverpool
Foulke,
& Co.)
New York.
&
& Globe
London
COMMISSION MERCHANTS.
Insurance Company^
New York.
45 William St.
Future
J.
A. L. Pierce
&
Co.,
E.
PELSFORD,
Resident Manager.
v
& Real Estate Agents,
VICKSRURG, MISS.
Civil Engineers
LsOmmercial
Purchase, sale, entry and redemption of lands and
for non-residents attended to.
Information as to value and local advantage of
lands furnished. Our field of operation embraces
the States of Louisiana and Mississippi.
MANCHESTER
Locomotive
Works,
Union
(OF
MA UfACTlIREftS OF
Locomotives and Amoskeag steam
»
r liable agency for any of the Cotton
'
Morgan
CHAS. E. WHITE, SAM. P. BLAGBEN,
GENERA!
Co.,
— CENTLEWAN OF LONG
AlOTTE
erience in the Cotton Trade
desirous
niO'tior at
FI.nAI CIAIa
Esq. (i.rexel,
CHITTENDEN.
EZRA WHITE. Eeq.
J. J. ASTOR, Esq.
payment of taxes
.
(OTTOB FAOTOBB& CUMMIHHION MRH'-HANTs*" Broadway "*«»» \nri
fr>vnn.
FABBHI,
S. B.
Delivery,
Orders executed at the Cotton Exchanges in New
Liverpool, and advanp.es made on Cotton
and other produce consigned to us, or to our correpondents In Liverpool, Me srs. ii. Newgass & Co.
and Messrs L. Rosenheim & Sons.
c'x]
Co.
NEW TORE
E. P.
REAVER STREET, NEW' YORK.
121 Pearl Street,
Ins.
SOLON HUMPHREYS, Ch'r'n.(B. D.Morgan & Co
DAVID DOWS, Esq. (David Dows & Co.)
Hon.
COTTON BROKERS,
York and
-1~
in Store.
for the ourchase or sale of Contracts for
York.
Sawyer, Wallace
Mercantile
United States Board of Management,
WALTER & KROHN,
&
British
LONDON AND EDINBURGH.
Co.,
Special attention given to the execution of orders
EXCHANGE PLACE.
New
made on COTTON
Bennet
<fe
LEHMAN BRO'S,
Cotton AND Factors
40
&
MERCHANTS AND BANKERS,
63
York.
Agent.
OF
BROAD STREET, NEW YORK.
Liberal Advances
New
,
YORK.
&
R. M. Waters
54
COMMISSION MERCHANTS,
Co.,
NEW
$2,045,458 94
St.,
North
Tainter,
NOURSK & BROOK i
97 PEARL STREET,
Future Con*
Advances made on Consignments
bought and sold on Commission, in
Hew Yora and Liverpool.
Orleans, La.
1879..
ALEXANDER,
JAS. A.
Future orders pr mptly executed.
tracts for Cotton
New
1879
16,914,147 79
$3,000,000 00
1,617,189 85
251,499 00— 4,868.683 85
1,
...
NET bUR^LTJS, Jan.
No. 2 Cortlandt
GENERAL COTTON MERCHANTS,
aitd
LEHMAN, Abbaham &
&
Waldron
GENERAL COMMISSION MERCHANTS
No. 123 Pearl Street, New York.
109
Co.,
PEARL STREET. MEW YORK
Co.,
JEMISON),
COTTON
Re-iueurancefund.
Unpaid louses, etc
1,
136
&
OF HARTFORD.
Capital
COTTON BROKERS,
BANKERS, COTTON FACTORS
B. R. Smith
&
Company
Insurance
Total Assets, January
street, N. If.
Geo. Copeland
Co.
&
Jemison
S.
(Successors to
York.
Insurance.
Co.,
EXCHANGE PLACE, NEW YORK.
New
Special attention paid to the execution of orders
for the purchase or sale of contracts for future de
livery of cotton. Liberal advances made on con
New York and Liverpool.
Knoop, Frerichs
52
111 Pearl Street,
OR-
DERS FOR FUTURE CONTRACTS.
CO.,
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOR COTTON
COTTON COMMISSION MERCHANTS,
NEW YORK.
LIVERPOOL, LONDON AND GLASGOW.
PI re
»•
Ins. Uo.
/.i
•
'.
r,
ALFRED
million,
MANOHESTF.K. K.H.
4RETAS
Bi.iiel),
Superintendent,
Manchester. N. H
W.
G.
MEANS.
Trea>urer,
40
Water street, Boston
37
&
39 W<n
@FedFRASER