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HUNT'S MERCHANTS' MAGAZINE,
REPRESENHNG THE INDUSTRIAL AND COMMERCIAL INTERESTS OF
NEW
VOL.15.
^YORK, SEPTEMBER
AdvertlscmentH will ho publlsheil at 20 cente per
lliii! for each lUHPi'tliin, space bctilc incastired In iwr.ito
type, U UncH to the Inch when ileniiileunlers are ffiveli
for three, six, or twelve niooths, a very liberal dlacouDt
will he made.
Advertisements will have a favorable place when
flrdt Inserted, but no promise of continuous publication
In the best place can be given, as all advertisers must
bave equal opportunities.
B.
DANA. &
&
Wmiam
81
Issue Letters
N. T.
<kl
Pagk.
New Vork Bankers and Brokers 337,333, 310, 363, .S6
Bankers In Forel«n K.\clmnge
331.333, 34U,363,3M
Boston Bankers and Brokers
361
Philadelphia Bankers and Brokers
3&1
,
bouthern Bankers anrl Brokers
,3^, 361
Western Briakers and Itrokers
339
,
New York Cltf.
St.,
CIRCULAR NOTES AND CIRCULAIt
Littters of Credit, available and payable lu all Iha
PRINCIPAL CITIES OK TIIK WcTrLD also special
ISSUE
Credit for Travellers
;
all
credits for use lu the United States,
indies.
part ot Europe, etc, through
••-•..
CITY BANK,
HOTTINGVER Ac CO..
NDSiX TO ADVERTlSEItlEIVTS.
Duncan, Sherman & Co.,
No. 11 Nassau
nALI, STKBBT
i(
Available In
St.,
& Co.,
BANKERS,
CO., POBLISHIItS.
79
Financial.
James Robb, King
;
WM.
NO. 377.=
14, 1872.
FinanoiaL
^bocrtieemcuts.
TIIE UNITED STATES^
-
LONDON.
. PARIS
'
COMMEKOIAL CUEDITR and DRAFTS on
LONDON, PAUIS, and SCOTLAND.
ADVANCES made on Consignments. STOCKS an4
BONDB bOHeht and sold on Commission.
Canada and West
Telegraphic Transfers of Money to and from Lon.
don, Paris, San Francisco, Havana, 4c.
Current Accounts received on •ach tenna
agreed upon.
U nMT M
Also
y.
G. Harper
&
,
New
Ac
Leans, Investmeuta,
338,310,363
financial Notices
Kailroads, Iron. Ac
Jacob R. Shipherd & Co.,
339
363,366,
tuBurauce
Cotton
Steamships
lulscellauoona Ouii^moroUi
i^" For terms
Page.
368
366
366,366, 367
Carm
ol°
BANKERS,
.^6S
367
AGENTS FOR THE
NEAV YORK, 24 Pine
C1IICA«0, 104 22nd
Street,
Street,
FRANKFORT-ON-THE-mAIN,
Bleber Gasse, 13.
Sabscrlptlon see
6tl>
Having now established our •mi honse In GER-
Canadian
Bank
with uiBurpaased Connections throughout
Europe, we shall make a Leading SpecUtlty of the
Scgotlatlon of First-Class
Terms upon
A. C.
Company".
AND DEALER
aNCOUPOBATED NOVEMBER,
1859.)
SOUTHERN SECURITIES,
CHARLESTON, S. C.
SOUTHERN COLLECTIONS receive the SPEtr
CIAL
PERSONAL attentlor
and
made
turns
Euxravern of tbo U.S. Postage Stamps,
Bouds, Liegal Tenders, and
National Bank Notes.
Kaufman,
BANKER,
IN
FAITHVULLY
of this House.
and
York KxchaoKe, which always
PROMPTLY
rules
Printiso OF Bank-Notks, CEnTIriCATES, Drafts, Statk and Kailkoad Bonds,
Bills of Exciianoe, PostAok StAllps, axo
COKUBBCLAii Papers,
AJfD
photoi^raphtc aad other
tW All
patch.
PROFIT and SAV-
jar
THOR.
business attended to with fidelity and des-
Sell
P. MILLER,
W1LL1AU8,
JA8. C.
BBYNOLDS,
JNO. W. UILLSB.
Thos. P. Miller
No. 28
St.
&
Co.,
Agency of the
BANK OF BRITISH NORTH
AMERICA.
48 AVall Street.
Commercial Credits Issued for usd in Kuropc, Chinii,
tlie Knst and WcMt Indies luid South America.
Japan,
alsd Circular Lettcru iif Credit for Travelers available
in all parts of the World.
Demand and Time Bills of Exchanjre. payable In
London and eJ8ew)iert«, bought and sold at current
rates, also cable Transfers.
Deuiiind Drafts on Scotland and Ireland, also ou
Canada, British ColumbU and San Francisco. Bllla
Collected and other Bunking Bustnesfl transacted*
JOHN PATON,
Taussig, Fisher
No. 32 Broad Street,
Taussig, Gempp
Francis Street^
&
on band.
Wm.
OPFIOB, No. 1
NEW
.
W^AIili
STREET,
J.
The
GlLBEKT ELLIOT,
Cashier.
oommissioN merchant,!
lrf>ckBoz381.
New Orleans
Will pnrcbau
EXCHANGE, COTTON. KTO.
rsrtlenlar att«ntlaa given to BecslTlng aii4 rot*
New York.
&c
Co.,
IHTo.
Taussig,
Salzhans No.
3,
Frankfort-on-MaIn
Mercantile Bank
Collections made in all parts of Virginia and North
Carolina, and remitted for promptly.
WilUam T. Meredith & Co.,
No. Si
EXCUANGE FLACE, NEW XOBK.
Dealers 1b
jr.
Charles G, Johnsen,
Co.,
BANKERS,
Pros.
OF NORFOI.K, VA.
YORK.
H. VAN ANTWEKP, Pres't.
T. a. PORTER, Vlce-PresH.
A. ». SHEP.VRD, Treasurer.
J. ItlACDONOUGH, Socretarr.
Bakzk,
&
Agent.
BANKERS,
333 Nortb Tliird St., St. Lonis,
Gempp
mOBILE, ALA.
snperlor
draw on th*
Also transact
BANKERS.
BANKERS,
All steel plates engraved and printed by this comarty arc warranted to give thirty thousand good Imressious, without charge for repairs.
WArdlog KallB,
Sterling Exchange, and
Quotations ctf Sonlhern, HecurUtts issued weekly.
alterations.
quality, always
Re-
New
tV- NOTES, DRAFTS and ACCEPTANCES paya-
be concentrated at this point with
modes of counterfeiting and
A variety of Bank.Note and Bond Paper, of
in
par dur-
ing the aelive business season.
R. D.
la the highest style of the art, with all modern improvements of value, with special safeguards devised
By the company and patented, to prevent frauds by
BELOW
ble In South Carolina, North Carolina and Georgia can
ING OF LABOR.
EVeRATIKG
and
othei banking business, and give partlc!nlal' attenlloit
to coaverslons of gold and currcucy, P, O. Box 4851
application.
The National Bank-Note
B'17
BANK OF SCOTLAND, LONDON.
LARGE LOANS.
,
Commerce,
of
No. 26 Exchange Place,
MANY,
Financial.
H. Goadby,
J.
New Tobk oobrespondent.
TUB NATIONAL BANK OF COMMERCE.
Marquand, Hill & Co.,
No. 37 'W\\.\^ ST., NEW YORI^'
RAILROAD A:
lOCNICIPAI. BONDS.
Stocks and Securities BouKht and Sold
at the New York Stock Exchange.
LOANS AND PAPER NEGOTIATED-INTKREST
ALLOWED ON DEPOSITS.
Members New York Stock Exchange.
Stocks, Bonds and Gold bought and sold ou couiiuisBlou,
&
BANKERS AND
Marquand
Hill,
BROKERS.
No. 18 DevonsUIre
St.,
Boston,
Slocks, Bonds and Gold bought and sold on commisslon ; CvUectl«p« u«de ; BuaiucssFaptr Negotiated.
Charles Otis.
No.
9
New
Street and 74 Broadirar.
CITY BAII.ROAD, GAS &
INVESTITIENT SECCBITIES.
See quotatlyM " Local ^ecoriUM " lu Uila paper.
:
.
[September l4, 1872.
TfiE CHilONICLE.
338
Financial.
Financial.
Financial.
ELEVEN PER CENT
$5,000,000.
INVESTMENT.
Traffic Guarantee
AND
A
AT A
REDEMPTION BONDS.
Investment
Prime
PRICE.
liOUr
Seven Per Cent Qold
The Chicago & Canada
mrORTGAGE
FIRST-CIiASS SECURITV.
Interest.
PER MILE.
$15,000
PER CENT THIRTY YEAR BONDS.
7
Completed and Fully
At
Equipped Railway,
PIRSTMOBTGAGX; SINKING FnND
A LIMITED NUMBEK OFFERED
Southern
228 MILES LONG,
ENTIRELY WITHIN THE STATE OF
YEARS
30
Cent Gold Bonds
7 Per
ILLINOIS.
Loan of Arkansas
State
70
Cts.
& Accraed Intere&t.
In these Bonds, *' the faith and credit of the State
are solemnly and Irrevocably pledged for the payment
and redemption of the principal and lutereat on each
and every bond."
THE
Interest Payable April and October,
at Untou Trust Company.
Mortgage,
First
SINKING FUND,
SPRINGFIEt^D & ILLINOIS SOUTH-
AND ACCRCED INTEREST.
This road
LINE from BUFFALO
CHICAGO, and
to
from the Detroit River to Chicago
EASTERN RAILTTAlf.
runs
nearly a
in
straight line.
The road
same
a part of the
is
Southern, and
is
being
i)uilt
line as the
Canada
L. Scott,
Henry Farnam, R. A. Forsyth, John
M. Barke, M. L, Sykcs,
Directors either in
Jr., all
the Chicago and Northwest, or the Chicago,
Island and Pacific
Road; Sidney
:
Rock
Geo. Opdyke, of the Midland
Drew, John Ross,
Dillon, Daniel
David Stewart, Samuel
J. Tilden,
Kenyon Cox, and
other prominent railroad men.
The Road,
steel rails (60
like the
pounds
practically straight
Canada Southern,
to
and
tlie
level
will have
yard) throughout
much
;
;
is
and
shorter,
can be run with greater speed and safetythan any
other road connecting Buffalo and Chicago.
Twenty-five miles are finished and
be finished by January
and the entire road
1st
be completed daring the ensuing year.
and
ties for one-half the entire
to
will
Steel rails
road have already
been purchased.
The
builders of the road control enough of
Chicago feeders to obtain for
ness from the
start,
INTEREST PAYABLE TEBRIIARY & AUGUST,
FRKB OP GOVERNMENT TAX,
At the Office of the Farmers' Loan dc
Trust Company In New York.
& Accrued
Interest
great success of its dlflerent Railways, offer unusual
Inducements to the investor seeking a PROFITABLE
AND SAFE SECURITY.
Bond has the right to vote at all
Elections. By the terms of a Traffic Guarantee Contract with the well-known CLEVELAND, COL DMBUS
The Holder of
this
CINCINNATI & INDIANAPOLIS RAILWAY
of whose Directors, Including the President
President, are also DIRECTORS IN THE
FIELD AND
WAY.)
(four
and Vice-
SPRINGILLINOIS SOUTHEASTERN RAIL-
number of these Bonds will be purchased by
semi-annually at Par and accrued Interest, giving
the fortunate holders Eleven per cent profit on their
Investment, besides nearly Nine per cent. Interest.
We respectfully Invite the attention of all capitallot
ists to this
Williams
No.
12 Pine Street,
New
York,
Financial Agents of the Company,
having projected the line to
Convertible
with the view of obtaining the cheapest transpor-
lines will
make
the shortest connec-
Bostwick,
Street,
Indiana& Illinois Central
Railway Company's
FIRST MORTOACE 7 PER CENT.
Sinking Fund
Gold Bonds,
FREE OF GOVERNMENT TAX,
An
East and West Air Line of 152
miles, Indianapolis, Indiana,
to Decatur, Illinois.
This road passes through a belt of the best settled
and richest agricultural aud mineral country of Indiana and llliuois, averaging thirty miles in width, wit!,
no other East and West Railway built or projected
through it. It crosses in Parke and Vermillion counthe rich
BLOCK COAL FIELD
ago and the Atlantic seaboard, located expressly
The branch
&
THE
the necessity for another trunk lino between Chic-
tation practicable.
and principal,
NEW YORK.
ties,
accommodate existing business, and having seen
interest
Bankers, 49 TTall
one.
JONES & SCHrTLER,
payment of
a
Interest payable April and October at the Union
Trust Company, New York.
Maps, circulars, pamphlets, giving full particulars of
he loan, to be had by addressing
security as a particularly safe and desirable
Pamphlets and Maps with full particulars furnished
by us on written or personal application.
this
Double and Undoubted Security.
These Bonds, representing an unusually light Mortgage upon a Finished Railway, fully Equipped, cxte dlug Centrally through one of the Richest and most
Populous States of the Union, remarkable for the
its
a profitable busi-
it
Pi ice, 90
A large
running;
more are so far advanced as
seventy-five miles
making
hy the same men, viz
Milton Courtright, John F. Tracy, David Dows,
Wm.
Special inortgage Endorsement,
pledge their splendid endowment of Lands, Railroad
Rolling Stock, Station Houses and all other property
for the faithful
new AIR
the western link in the
is
GOLD BONDS
OF THE
AT
90
ARKANSAS CENTRAL RAII^WAY,
MIDLAND
BONDS.
of Indiana, which alone will supply an ample business.
Thirty miles through Douglas County Ills., just completed, opened and paid for.
Whole Western Division, Montezuma to Decatur, 85
miles to be finished in 18T2. Grading nearly done and
materials fexcept iron) already procured bridge over
Wabash ready for superstructure,
Eastern Division, 67 miles, partly graded and to be
;
;
tions
between Chicago and Toledo, and Chicago
and Detroit, as well as between
all
these points and
Buffalo.
The Canada Southern Bonds,
like these,
several
in every particular
were eagerly taken, the
weeks ago, by the best
last of
them
amount
The proceeds of these bonds
entire line,
for years past.
will
complete the
confidence as
we
Pamphlets and
all
85
and
Interest.
We
believe
them one of
;
the safest and most
profitable investments offered in this
market
for
years.
ALLEN, STEPHENS
Besides its right of way the Company owns 32,000
acres of land, chiefly in Indiana, of which 2.000 acres
are the best BLOCK COAL LANDS. It has also SL'ilSCRIPTIONS IN BONDS
CASH from Conntlcs.
Towns and Individuals of fTOO.OOO.
The road connects at both termini with the most important TIIKOUGU
LINKS of the West,
and being by many miles shorter than any other lino
will be Indispensable to them, while its local business
insure
good
dividends
will
on
alone
its stock.
Bonds $1,000 cacHi. payable to Union Trust Company,
Trustee or bearer. Julj- 1, lUOl, in gold coin. Coupons
also in gold, payable January 1 and July 1 in New York,
or at Union Bank of Loudon, at fixed exchange of Jt:7
XI
AND
Sc
CO.,
Bankers,
SOLE AGENTS FOR THIS LOAN,
25 Pine Street.
gecuiity
ic
fUSOO.OOO IN CASH ALREADY EXPENDED ON
THE ROAD AND »1.5(IO.O(10 REMAINING TO BK
CALLED FROM TWENTY SUBSCUIBEIiS, AMONG
WHOM ARE W. H. GUION, SIDNEY DILLON.
JAY COOKE & CO., CLARK, DODGE & CO.,
SELIGMAN, VIBBARD, FOOTE & CO.. and VAVt S.
FORBES, OF Nkw Yokk BENJ. E; BATES, OF Boston HENRY LEWIS, of PuiLAnKLPUlA, and G. M.
PULLMAN, OF Chicago.
:
information furnished by
WINSI.OW, LANIER
finished in 1873.
,1.
Price,
did the Canada Southern, and re-
way a choice
on
greatest profit.
and we recommend them with the same
gard them as in every
for sale
one of the great roads running from New York
City— on the third largest road in New York StateThewmost desirable bond of all the Midland issues,
affording the largest income and promising the
class of investors
and were on the market a shorter time than any
other railroad loan of like
A 7 PER CENT MORTGAGE BOND
<CO.,
RAILWAY
sterling.
Bankers, No. 27 Pine Street, N. T,
S.
G.
&
G. C. Ward.
AOE\T8 FOB
LEONARD, SHELDON & FOSTER, BARING BROTHERS & COMPANY,
s REKT, NEW YORK.
6 a WA
,1.
Bankers, No.
)
'Wall St., N. Y.
38 STATE STREET, BOSTON
StNKLNG FUND of 2X per
_.. gross
p__ cent a year on
earnings to be invested by Trustee in Bonds at not exceediug par.
For sale at 90 and accrued interest by the Financial
Agents of the Company,
-WALKER, ANDREWS &
,14
W^all Street.
CO.,
:
September
tHE CHUONICLR
14, 1872.J
Southern Bankers.
Southern Bankers.
THE
FOtTRCHY,
President,
ALBEKT BALDWIN, Vice President,
JOSEPH MITfll EL, Cashier.
Capital. .$500,000 Limit. ..$1,000,000
|
Slrlct attention given to Collections lutlils city and
In other parts of the United States, free of charge, ox
cent such as may be actually paid.
Boturns promiHly made at the current rates of Ex
change of the day.
iriLiaiNOTON, N.
Collections
made on
JonN A. Klris,
ill
c.
partf ol the United BtalM.
Flowrrrir. Gro. M. Klrih
C. C.
South
Cabolixa National Bank or
Columbia, 8.
July 24, 1878.
A BANK OF DISCOUNT AND DEPOSIT,
vicKSBUitci, miss.
C
Bank
National
California,
& SAN80ME
COR. CALIFORNIA
o.
LiUTS,
J. o.
WALLis, Vlce-Prest.,
&
Texas Banking
......C
M. Brandon,
Ins.,
DIRECTOIJS:
W
Special attention given to collections at all poJutE
In tiie State, and remittances promptly made, without
»ny charge except customary rates
exchange.
McMahan &
H.
r.
ol
Co.,
W.
C.
RALSTOH, Cashier
Registration will be
In
We have prompt and
reliitble
Texas.
correspondents at
all
the prlnclpiil points tliroughout this S'ate, aiid upon
all collections payable In tliis City or Houston, make
no charge tor colIectlnE, and only actual charge upon
Interlorcollections. Immediate and-prompt attention
given to all business entrusted to us. Itefer to Nat.
Park Bank, Howes & Miioy, ana Spolford Tlieston &
Co., N, i'., id Nat. Bank, Boston, Pise Lepeyre & Bro.,
N.
O.,
Drexel
& Co
,
IN
NEW
YORK, MR88E8. LEES & WALLER,
No. 33 PINE SUEET,
IN LONDON, THE ORIENTAL BANK CORPOR.A.
T1«N, 40 THREADNEEDLE STREET,
ANDRE £ CO
IN PARIS, Messrs. MARCUARD,
Tills
Bank
Houston,
sible points.
on
all
on the
DIRECTORS: W. J. Hutchlns, P. W. Gray, A.J.
Barke, Cor. Enuls, W. M. Rice, C. S. Longcope.
BENJ.A.BOTTS, President.
„
T. „ w„,...o
B. P. WEEMS, Cashier.
&
Moore
Wilson,
EXCHANGE FOR SALE ON THE
BRYAN, TEXAS,
Collect|ou8 made and promptly remitted for current
rate oi' exctmuife. Correspoudeats
Metwrs. W. P. CONVKUaK & (CO., New Vork.
«A88£YT
&
Paris,
BASSBTT,
BANKEKS.
BrenliaiUy Texas.
Ports.
I08
A:
Dealers la
&
Co.,
The
New Vork
sell real estate,
«UI,D,
pay taxes and adjust
CHKCKM ON LONDON
at the Comincrclal
to be "
BANKERS,
Corslcana, Texas.
New York Correspoudent
Morion, Bliss &
&
Co.
IGXORGK W. JAOKSON,
Late Cashier 1st Nat. Bank
o
Jackson,
'JANKERS,
WACO, TEXAS.
Rkpirxmosr and Corrkspondbnok;— New York
& Co., David Dows & Co. Cincin-
WInslow, Lanier
nati
New
!
First National Bank, Merchants National Bank.
Orleans: Louisiana National Bank, Wheless
MoMabau A Co.
g ratt, BuikursJiUalvestoa i T. U.
&
and
Co.,
klndr of
all
at all
A!>0
A
after
September
New
In
York,
1st.
CHILDS, President.
The City Bank,
LONDON, ENGLAND.
INCORPORATED BY ROYAL CHARTER,
HEAD OFFICE
RRAWrH
Lane),
j
('ifj^j^,^^ I'tfP^i"'^''
(
No. ai Old Bond'street,
Snbmcrlbed Capital
- •
Shares of X'M each).
Paid-up Capital - - - •
Reserved
A.D.
l.'OS
Thread-
£1,000,000
-
500,000
120,000
Fund
DI
1!
ECTOR
S
:
John Junes,
Esq., Chairman.
Henry Vlgura East, Esq., Joaquin
Joai
De .Mancha, Esq.,
John HacKblock, Esq.,
William Simpson, Esq.,
Andrew Lawrle. Esq.,
Jonathan Thorp, Esq.,
Robert Lloyd, Esq.,
James F. Vanner. Esq.,
Wm.Mc Arthur. E8q,.M.P., George Young, Esq.
Win. McXaughtau, Esq.,
acceaslbie
PARIS MANAGER—Alfred George Kennedy.
8KCRETAUY-C. J.
SAFE INVESTmENT
TOB
Capital.
Ten per cent
Interest (clear
from
all
wherever desired.
Morris,
>
£•
I'AUTIKS ON
FARIVIS.
expenses) paid
SANFORD,
with Undoubted
Interest,
Security.
We are investing for eastern parties many thonaands
of dollars per month, on improved property in Illinois
worth. In every instance, three times the sum loaned.
Our securities are very protitable and popular, and are
considered the safest onered. We will loan auy sum
you may desire to invesi, be *lt large or small. We can
refer to parties for wliom we have loaned large
amounts of money, who have never lost a dollar of
either principal or Interest in this class of securities
during the last fourteen years. Send for our book,
" Illinois as a Place of Investment," which contains all
necessary information. Address
WILSON
Toms,
Jt
Dealcra is Beal Estate Securities
&
School Bonds,
BloomluKton, Ultuois.
Worth.
AccouutBopened with approved American and other
Foreign Firms or Banks, at such moderate rates of
Commission as shall be considered consistent with
Bound mutual advanlagc.
The Interest upon such
accounts is calculated at current rates on dally balances, and Is nuulc up on the 30th June and 31st Decern.
b)?r in each year.
Demand Cheques and Exchange honored against
approved previous or slmallaneous Remittances.
Credits opened against Fii-st-clnss Securities iieKt>tiable
In London.
Mercantile and Marginal Credits are
issued, as also Letters of Credit upon any leading
Commercial City.
Travelers' Credits
Attorney and Solicitor
(
Ilefereuces glrea to prominent porsous in auy large
city In the Union.
Ten Per Cent
OalllpoUs,
Fort
Warehouse Company
good delivery,"
I'OK SAIaS
Illinois,
TBRUmnS OF CKNTUAL RAILROAD
rescinded lu
lias
|
I
imPKOVEID
Adams & Leonard,
Lute Fort * Trice.
SILVEK
Eastern
rules, prosecute Land and money claims against the
State aud Federal Governments ; make collections
Receive deposits and execute Trusts.
M.A. fORT,
Stock Exchange
order requUring South Carolina Bonds to be regiatered
110 VVeot Fourth ."itrect.
Cl:MCINNATI,Olf lO.
MONEY LOANKO FOU KASTKUN
AUSTIN, TEXAS.
theBcgU
(50.000
liOVKUNITIKN'I' IIONOM.
CULLECriWiN.*) iUAUK
J. O. KIRUY,
V. TON BOdKNBKRG
TEXAS LAND AGENCY
BANKING & EXCHANGE,
Purchase and
stgnatnre will certify to
Road,
OFFICES
o*
t ll-liB, iNo8.159&160TolteuhamCourl
^ No. 25 Ludgate Hill.
ALSO, on
The Braucbes of tbe Oriental Bank
at Hong Koug, aud other Asiatic
Law,
C. R. Johns
cities.
points and remitted lor on day ol payment.
OorrespondentB: HouBton— Klrst National Bank;
Qiilveston— Ball, Hntchtnica & Co; New OrleanB— Pike,
Brother & Co.; New York— Uuiican, Sheriiiftii & Co.
Sayles Sc BasMett, Atty^M at
Brentiam, Texas.
O. B. JOUNB,
r. >VMEBTT,
official
O
Amsterdam, Hamburg, Bremen,
and other leading European
GiLMORE, DUNLAP
(Saccessors to H. M. Moore,
RANKERS,
bills
ORIENTAL B.\N K CORPORATION, LONDON
London, Dublin,
acces-
be under the
purchase of Merchandise in the East Indies, China,
Japan, Australia, and other countries, authorizing
Texas.
to collections
will
for
Bond or
issues Letters of Credit available for the
ATLANTIC CITIES,
Capital, $500,000.
We give special attention
The Registration
for each
tratlon.
Phila.
THE CITV BANK OF HOUSTON,
Thtt charge
directed.
ONE DOLLAR
L. D.
Foreign and Domestic Exthacge,
OALVESTON,
OUTSTAND-
TlIE
charge of Dr. J. W. F aberr, the Vice-President of tho
Bankers,
And Dealers
REGISTER
will be returned as
Bank, whose
AGENTS.
$238,000
WalUs, F. K.
Lubbock. M. Quin. K. S. Jeiulson, M.
Baker, Leon
Bluiu, UuD. Schneider, U. s. Willis, T. A. Gary, W. B.
Wall, Uob't. Mills, T. J. H. Anderson.
J.
.).
ready to
piece of Stock.
D. O. MILLS, President.
OALVESTON.
CaaU Capital,
$5,000,000
ALPHONSK LAUVE, CaShtel
iiecretary,
now
ING BONDS, COUPONS AND CERTIFICATES OK
and
Capital Pald-Up
Is
upon presentation. Bonds may be sent by Expma,
SAN FRANCISCO.
New York Corrkspondknt,
M. BRANDOX, Pres't.,
C,
STOCK or THE STATE OF SOUTH CABOLUIA
8TS.,
solicited.
NINTH NATIONAL BANK.
Bank of Colnmbta,
isn, tbo Carolina National
13th,
S,
The Bank of
KICHAUD JONES, Cashier.
Particular attention given to Collections, both In
the City and all points In connection with It. Prompt
returns made at best rates of Exchange and no charge
made, excepting that uctuAlly paid upon auy distant
Correspondence
J
In accordance with tbe provlflont of the lOtb Section
NEHT ORLEANS, LOUISIANA.
point.
)
of the Act of the General Aaacmbly, approved March
Western Bankers.
./ESSE K. BELL, President.
JA8. N. BEA3LES, Vice-President.
Bonds.
Valley Bank.
Mississippi
N. Y. Correspondent:— Baux of the Manhattan Co.
N. O.
Carolina
Cashier,
Vice-President.
President.
BBOISTRATION
Bank,
National
First
Financial .Notices.
A. K. 'irALUR, Caahter.
B. E. BuRRuss, Pres't.
Mutual National Bank,
OF
NEir ORLEANS.
P.
339
encashed w^hen issncd by Clients, and everrdescrlntlon
of general Banking Business transacted. ,The
ana Clerks of the Bank arc pletlge<l not to disclose the
transactions of any of its customers.
Omc^
Milo Match,
Cms. Grkkx, President,
Edmund Kstcuvu Caanler
Vlce-Prcs
THE
German American Bank,
Cor. Broadway and Cedar St.,
CAPITAL, ..-.-. $2,000,000
DRAWS BILLS OF EXCHANGE
TERS OF CREDIT
and Issues LETavailable at all principal places
abroad.
Accounts of Merchants, Bankers, &c. solicited.
O, H, SCBKRIKKR, Cashier,
GMU. SAUER, Free,
1
.,
THE CHRONICLE.
j40
Financial.
On
a
Completed Road.
Convertible 7 Per Cent
RICHMOND &
FORT W^AYNE RAILROAD
THE
CINCINNATI,
Gold Bonds,
COMPANY'S
ISSUED BY THE
TO AID IN BUILDING ITS EXTENSION
are secured
by a
first
LINE.
and only
EXTENSION ROAD,
on the
raort-
being rapidly
constructed in the most thorough manner by able
and experienced contractors, who represent a capital of several milMons of dollars, which ensures
the laHt
rail
About
60
being laid at an early date.
110
miles graded the whole line, 217 miles, will be
completed early in 1873.
We have been connected and entirely familiar
with the I. B. & W. RAILWAY from its early organization. It was completed in the autumn of
1870, and has developed rapidly into a successful and wea'.thy corporation, having a large revenue from its rapidly increasing business.
With the EXTENSION it will be one corporation
with 420 miles of road located in a commanding
;
BEST PORTION OF
TUE COUNTRY.
counties on the line of the EXTENSION in
had a population of 242,330; valuation of
real and personal estate, $ 1 8 ,000,000 ; bushels of grain raised, 27,000,000 ; value of farm
products, $25,570,000, and live stock $18,349,000, to which may safely be added 1 5 PER
The
1870
CEN r.
to represent the
PRESENT POPULATION
AND VALUE.
The counties on
the old line
and the
EXTEN-
SION together contain a population of NEARLY
TILREE QUARTERS OP A MILLION, and a property valuation exceeding $400,000,000.
From these statistics it will be readily seen the
EXTENSION will have a LOCAL BUSINESS
that will make it a COMPLETE SUCCESS
in
it
will
the
NEBRASKA ROAD,
THROUGH
IOWA AND
have the entire
MISSOURI,
connecting with
Mississippi River, extending
West
it
on the
to the Missouri
300 miles, where it connects
with the MIDLAND
PACIFIC in Nebraska. These two corporations, and
also the PEORIA AND ROCK ISLAND, (91 miles,)
and the
AND SOUTHEASTERN RAILITAY COMPANY.
GoTermnent tax
111
Mortgage
First
TRUSTEES,
THE FARMERS' liOAN
7 Per Cent Gold Bonds,
COMPANY.
50 YEARS TO RUN, PRIKCIP.\L AND
INTEREST PAYABLE IN UNITED STATES GOLD
HAVING
COIN, " not
Inferior to the present standard." Interest payable Heml-annually in New York, on the Iwt day
of June and December, and guaranteed Jointiy and
The Cincinnati, Hamilton
ton Railroad Company,
Sc
DAVENPORT AND ST. PAUL, (iOOmiles,)
The Pennsylvania Company, and
The Grand Rapids A: Indiana Railroad Company*
Ttie Koad Is entirely completed and In operation
and extends from Fort Wayne, Indiana, to Hichniond,
and connects the
Pittsburg, Fort Wayne fc Chicago Railway, the Grand
Rapids and Indiana Railroad, and the whole system of
roads under the control of the Pennsylvania Company
In Indiana and Michigan, with the Cincinnati, Hamilton & Dayton Railroad to Cincinnati and Southern
Ohio and Indiana. The road is leased for 99 years to the
Grand liapids & Indiana Railroad Company, and operated by it for the Joint account of the guarantors, and
by a contract entered into between the Grand Rapids &
90 miles in the State of Indiana,
Indiana Railroad Company, the Pennsylvania Company,
lessees of the Pittsburg, Fort Wayne and Chicago
Railway, and th« Cincinnati, Hamilton and Dayton
Railroad Company, for reciprocal interchange of business, all these Companies agree to throw all their
freight and passenger trafllc which may be appropriately done over this road, thus insuring it, from the
outset, a large volume of busmess. The holders of
these Bonds are thus trebly secured.
/'/r«^— By a first mortgage on a finished road now In
full operation.
although separate corporations, are controlled in
the interest of the INDIANAPOLIS, BLOOMING-
TON AND WESTERN RAILWAY, and practically
will be a nnited line of more than 1200 miles, the
through business of which will pass over the I. B,
&W. R.
This is an EAST and WEST TRUNK ROUTE,
and has NO PARALLEL COMPETING LINE.
The Eastern connections at Indianapolis arc the
PENN. CENTRAL, BALTIMORE & OHIO,
BELLEFONTAINE, LAKE SHORE & NEW YORK
CENTRAL, and other roads centreing at this point.
Secondlij—'^y a contract for'lnterchange of business
with three prosperous and powerful corporations, controlling in its favor a vast amount of business.
Thirdly— ^y the direct and absolute guarantee,
jointly and severally, by ENDORSEMENT ON THE
BONDS by the above-mentioned three Companies.
The whole issue of the Bonds is $1,800,000, or $20,000
IN SUCCESSFUL OPERATION, The track
win be laid in time to secnrc the Immense business of
moving the Autumn crops to Raymond, sixteen miles
further, on the line of the Toledo, Wabash * Western
This Is a very important connection, as It
opens another route to St. Louis, only two milea
longer than by the Chicago and Alton Railroad.
Only $600,000 of the bonds arc offered, as bonds will
be sold only on the distance completed. The Issue is
limited to $20,000 per mile.
Traversing the best part of Illinois, this road wil
have a large coal, grain and lumber carrying trade,
equaling the business of any other road in the State.
It connects directly for the purpose of freight and
traffic wltli the principal roads In Illinois, and Intersects the great seaboard trunk lines thus, while form
Ing a part of a through route to the seaboard, it has
Railroad.
;
access to the business of the great local lines.
The connections arc as follows *
At Jacksonville with Toledo, Wabash and Westerix
Railroad.
At JacksonTille with Peoria, Pekin and Jacksonville.
At Jacksonville with Chicago and Alton.
At Virden with Chicago and Alton (main line.)
At Raymond withT. W. and W. (St. Louis Branch.)
At Hillsboro* with Indianapolis and St. Louis.
At Greenville with Terre Haute, Vandalla and St.
Louis.
At Centralis with Illinois Central.
At Mount Vernon, with roads running direct to
Shawneetown on tbe Ohio River, to Paducab, at which
point the entire Southern system is brought into connection ; and to Evausville, connecting with the impor-
now centering there.
We have made careful and repealed personal examof Ihe ajfairs of this company since its nriiani-
tant roads
inatioivi
zation,
92H and
formation furnished by
passes,
Price,
^VINSIiO\r,
Interest.
TRUST
This road will be 125 miles in length when completed
and Jacksonville, 111., an IrAportant railroad point, and
Mount Vernon will be Its termini. The road Is conBtructed from .lacksonville to Virden, a distance of
thirty miles on the line of the Chicago and Alton Rail
road, and is THOROUGHLY EQUIPPED, PAID FOR
per mile, and but a limited amount are
investors.
tc
Day- AND
;
addition to this
TRAFFIC of
OF THE
Interest payable, free of
severally by
miles are already finished, and
position in the heart of the
Cent Gold Bonds
Neur York, Iiondon and Frankfort.
INDIANAPOLIS, BI^OOmiNGTON &
^VESTISRN RAIIitVAY
The Bonds
7 Per
JACKSONVILI.E, NORTHW^ESTERN
First Mortgage
Ettge
Mortgage
First
Guaranteed Bonds
LEXTENSION RAIIiWATT
IS'/ 2,
Financial.
Financial.
& W.
B.
I.
tSeptember 14,
now offered to
CircularB and in-
mend
and of the country through which the road
and we unhesitatingly anxl confidently recom-
these bonds as
a
OOOD AND PROFITABLE
INVESTMENT.
LANIER
6c
CO.,
Pamphlets, which will be furnished on application
and Interesting Information.
these bonds at 85 and accrued Interest In
currency until further notice.
AH marketable securities received in exchange at
will dive further
No. 27 Fine street.
Houston & Texas Central Railway Co.'s
We offer
their full
market
price.
GIBSON, CASANOVA & CO.,
No. 50 Exchange Place, N.Y.
Flmt Mortgage I.and Grant Sinking
Fund
&
Chicago, Burlington
From
the Seaboard to the West and Northwest
distances are MATERIALLY REDUCED via these
much so that it cannot fail to
be the POPULAR LINE for travel and business.
Liberal Subscriptions to the Stock were made by
Towns and Counties on the Line of the EXTENSION and the remainder has been taken by EXPIJRIENCED RAILROAD MEN and EASTERN CAPconnected Roads, so
ITALISTS.
These facts cannot fail to make the
will only be issued on
BONDS, which
COMPLETED ROAD, take
high rank among the best Railway Securities.
They
are *1,000 each, CON\'ERTIBLE into stock
»t par, at the option of the holder, and may be registered free of charge.
Coupons payable Ist January and July, free of
The Bonds may now be had from Banks and
Bankers throughout the country.
,,w.?x?fiiyJv.?i",^.',t''''"<^"' »' 9» «'"' Interest and
RECOMMEND THEM STRONGLY to our friends
and investors as one of the SAFEST AND MOST
DESIRABLE SECURITIES
on the market
Bonds delivered free of express charges.
Maps, PamphleU and Circulars furnished on ap*^
plication.
TVRNBR BROTHERS,
BANKERS.
No. 14 Naasatu Street,
New York.
7 Per Cent Gold Bonds,
90 AND ACCEUED INTEREST IN CURRENCY,
fielding AbontNine Per Cent on tbe
Investment.
WILLIAM E. DODGE, of New York, President.
SHEPHKRD KNAPP and WILLIAM WALTER
guincy
RAILROAD COMPANY,
Seven Per Cent Bonds,
COUPON OR REGISTERED
NEir LOAN,
PHELPS, Trustees
for Bondholders.
Principal and Interest payable in Gold at the National
Banl£,
New
Yorlc.
We
City
confidently assure investors
that these bonds are first-class, in everj' respect, and
we rt'oommend them as an entirely sate Investment.
All securities taifen at Board prices in exchange. Circulars and information may be obtained at our oltice.
JOHN
J.
No. 59
CISCO
WaU
6l
St.,
Cam MANN &
son,
New York.
Go.,
New York,
Transact a Gsnbral Banking Businsbs, and elvb
particular attention to the PURCHASE AND SALE
OKUOVKRNMKNT.STATKANDriAILKOADBECnKITUOS.
TD*poBtta rectlTwl sableet to check tX algbt.
8
FOR
SALfi
AT PAR.
KIDDER, PEABODY
45 W^all Street,
Banker, and Broker.,
Wall Street,
Free ot Government Tax,
Baldwin
&
&.
CO.,
New York
Kimball,
BANKERS AND STOCK BROKERS,
14 TfALI. STREET, NEVV YORKj
Interest
T. B,
AUow^ed on Deposits.
BALDWIN,
G. S. KlKBALIi,
Uember M. T. Stock aad Gold Exchange.;
.
.
ktmtk
HUNT'S MERCHANTS' MAGAZINE,
EEPEESENTING THE INDUSTRIAL
VOL.
AND
(X)MMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, SbPfEMBER
15.
CONTENTS.
bought
Current Topics
841
I
S'la
the week
Changes in the Redeeming
Agents of National Banks.
Latest Monetary and Commercial
English
344
344
345
causes,
News
34S
The period
I
THE BANKERS' GAZETTE AND RAILWAY MONITOR.
I
I
Market, Railway Stocks,
S. Securities, Gold Market,
Foreign Exchange, New York
City Banks, PhiladelphiaBanks
I
349
352
News
3M
|
THE COMMERCIAL TIMES.
Commercial Epitome
3a6
Cotton
857lDryGoods
Bresastuftg
360
I
many
for
National Banks, etc
Quotations of Stocks and Bonds
Railway
to
360
363
<iH)xonxc\t,
TXBX8 07 8UB8CSIFTI0N-FATASLX IH AOTAHO.
TuE
For One Year
$10 00
For Six Months
6 00
T/ie CuBONicLE wlU be sent to tubscribers until ordered discontinued by letter.
Postage is'M cents per year, 'ind is paid by the subscriber at his own post-office.
WILLIAM B. DANA,
WILLIAM B. DANA & CO., Publishers,
JOHN a. FLOYD, jn.
79 and 81 WlUiam Street, NEW YORK.
Post OrricE Bo.x 4,592.
Subscriptions and Advertisements will be taken in London at the ofBce of
the Chronicle, No. 5 Austin Friars. Old Broad street, at the following rates
Annual Subscription (including postage to Great Britain)
£2 2s.
"
"
"
Half-Yearly "
15s.
Advertisements, 9d. per line each insertion; if ordered for Ave or more
I
)"
:
insertions, a liberal discount is allowed.
^7* The Publishers cannot be responsible for Remittances onless made by
Drafts or Post-Offlce Money Orders.
CS'" A neat file for holding current numbers of the Chroniclb is sold at the
ofllcc for 50 cents.
Volumes bound for subscribers at $1 25. The first and
second volumes of the Cuhonicle are wanted by the publishers.
WALL STREET AND
stocks, about
interest is the stamp tax on
which certain correspondents
We
are troubled, and
a.sk us whether
it is
repealed.
have applied for information to the Department, and are
usual
bonds
in
market.
On
governments,
the other hand»
list, is
this
month, and in
not likely to increase
its
demand
pur-
also
is
now
itself
temporarily in
and has been prevented
from taking its usual course, probably by the multitude of
other good bunds offering at low prices, and partly by the
is
held at
call,
drooping tendency of the government market, but chiefly
by
the
dential
vague uncertainty which,
election,
financial affairs,
usually
in the
interferes
year of the Presi-
with mercantile and
and induces the owners of capital tj hold
under control, in short-time loans, or
as far as possible,
it,
in
loans at call.
The money market continues
to
show the
influence of
as-
have been increased within a few days by a loan of three
millions sterling, negotiated by the " Vanderbilt party" of
speculators.
from the
stamped bill or memorandum which is now
given for every sale of stocks or of gold will cease to be
truth,
required. The duty was first imposed in the tax law of 30
June, 1864, and was changed to a stamp tax 13 July, 1806.
this
therefore, the
in^its early
1st
The loan is reported to have to run 00 days
September, and to be renewable at the option of
London bankers, who have lent the money. Several other
are reported to be under negotiation, with what
loans
unpopular impost and
buying fewer than usual
disengaged at this season, and invests
the
sales."
is
checked by the circumstance that the attention of the European money markets is absorbed by the new French loan
After the 1st October,
always been an
it is
which they hold
securities
chases in October and November, The foreign
sured that " the act of 6 June, 1872, does repeal the stamp
has
when
other causes combine at present to produce an increase
in the aggregate of
tax on bankers and brokers
It
arrived
and private individuals
these large masses of floating capital, which are reported to
ITS TROUBLES.
minor matters of
and
now
Moreover, a large amount of capital, which usually becomes
C'o.MMKnciAi. AND FINANCIAL CiiRONici,]!, delivered by carrier
to city subscribers, and mailed to all others (exclusive of postage).
the
government
out the
sell
view of the reduced tax
COM.MKRctAL AND FINANCIAL CHRONICLE M issued On Saturday morning, with the latest news up to midnight oj Friday.
Among
temporary
some quar-
|
The
sales of gold
it
during the dull season to secure interest on their capital.
Many
Groceries
of the year has
corporate institutions
the Treasury
3tl)e
to
has in
ascribed
is
not worthy of the notice
is
ters received.
News
Ij.
but this movement
and
346
Commercial and Miscellaneous
Money
;
price of
cent, during
346
.
343
377.
The
to 111-44; gold being 113.
governments has thus receded about one per
THE CHRONICLE.
Wall Street and its Troubles. ...
Abolishmcut of the Usury Laws
Coiuage and Depreciation
Kailroad Earnings in August.
and from Jan. 1 to Sept. I....
Currency Reform
11108
at
NO.
14, 1872.
is
it
is
not
easy
to
say.
All
that
is
certain
amounts of foreign capital continue to flow
way, which is investing itself not in bonds and other se-
that large
curities, as formerly,
but in temporary loans.
The presence
of these loans constitutes one of the most formidable dan-
it caused numerous abuses, the recital vf some of gers of the financial situation, and might make our money
which would forni an ioteresttng and instructive chapter of market almost as sensitive and'a.s liable to be thrown into confiscal history.
Singularly enough, France is adopting these fusion by monetary trouble in England as was formerly the
form
offensive taxes just as
A
we
are discarding them.
case before our suspension of specie payments.
Our bank,
more important matter which is attracting some atten- ers well remember the alarm which before the war was kir I
tion is the award of the Geneva tribunal, the announcement died by any sudden turn of the exchanges whereby England
of which is expected to revive the foreign demand for our could draw out of our banks the specie which formed the
government arid other securities. Some needless anxiety basis and toundation of thoir whole business. For several
has been expressed at the decline of government bonds years we have been exempt from such alarms. It seems as
below the level of gold. The offerings on Wednesday at if these heavy temporary loans of foreitrn capital might
the Treasury were 14,494,000, of which a million were at some day not very far distant, revive them.
THE CHRONICLE.
342
these
Still
loans
perfectly harmless, and are a
now
are
money market
great convenience, so long as the British
is
[September
privileges of corporations
not possessed
by
14, 1872.
or
individuals
power
to any corporation whatsoever to go into Wall street and
borrow at any rate without being amenable to any of the
This law
partnerships."
interpreted to give
is
the
smooth and tranquil. And it they do threaten to make our
money market more dependent on foreign influences than it
has been,there is obviously no immediate trouble to be an- usury provisions of the law. They are virtually raised
ticipated from 60 day loans, even if tlie outflow of bullion in this point of view above the rest of the mercantile comfrom the Bank of England this week should prove to be the munity. They can borrow on terms forbidden to private
precursor of a drain of its gold to Germany like that of the citizens, however great the emergency.
We fail, therefore, to see any adequate Again, there are a multitude of corporations, created by
past summer.
ground
uneasy apprehension in regard to these
which seems to be indulged by persons who
that
fo-
transactions
have the reputation of being accurate observers,
,.
^
charter, to do a money-lending business, that have
power conferred upon them to lend money at any rate
above 7 per cent without being responsible in the penalties
special
the
make such
which
THE USURY LAWS.
ABOLISltlHENT OP
loans a crime in other men,
punishable
Of the multitude of these two
It is believed that tl:e cliques whose manipulations of the
kinds of privileged corporations, which have grown up of
money market have done so much during the last few years late years in this State, by far the greater part are borto alienate the public sympathy from all agitation against rowers in the money market.
Tiieir presence there is a
the usury laws, will not be able to do the same during the disturbing element, and has doubtless had much to do with
coming
session
evade
is
;
cliques
and the law which they
rather a protection to them, than a defence against
public,
In this inefficiency to protect the
them.
These
Legislature.
State
of the
charge usurious rates for loans
with fine and imprisonment.
producing the spasmodic perturbations in the rate of interest
which have grown worse and worse each year as these cor
porations have multiplied.
we have
But even
this
not
is
There
all.
another anomaly
is
still
one very good reason why the law should be repealed with-
in
out delay.
Currency law have been adjudged by the courts to apply to
It is,
when
duty
And
however, popularly interpreted the other way.
members
plain country
and
to their constituents
Albany, anxious to do their
at
to
people are ask d to
the
vote for a repeal of the usury laws, they answer, by exclaiming, " if in Wall street they charge |^ or ^ per cent, a day
The usury provisions of
our usury laws.
the
National
the national banks to the exclusion of the usury laws of this
State.
Now
penalty
is
the national bank law forbids usury, but the
light.
banks power to charge the
gives the
It
which they are situated
fixed in the State in
legal rate
7 per cent
this State
—and
it
—
in
enacts that the offence of charg-
for money, notwithstanding all the restrictions we can put mg more shall work " a forfeiture of the entire interest
upon them, what tricks would they not play if the existing which the note, bill, or other evidence of debt causes with it.
Of course, it is easy to rejoin or which has been agreed to be paid thereon." Now
restrictions were removed ?"
that a restriction which repels and frightens honest money- in this State the courts have uniformly held tliatthe national
lenders, by that very means protects the dishonest ones. banks are amenable only to the usury provisions of the
For it gives a monopoly to the cliques and to men of elastic national banking law, and several cises have arisen where
who
consciences
enough
are dishonest
evade the law.
to
The average country members cannot be made
to
under-
stand this question without difficulty, and so the usury laws
year
have gone unrepealed year
after
they were perennial and
gifted
has seemed as
till it
a mischievous
with
if
im-
yet been decided adversely
cases
is
we ventured
These
secure
stand
centre
find
to
combined
that a
effort
to be maile in conformity with the
make
against
suggestion
Chronicle a few weeks ago.
laws ate so absurd, so unjust, and so unequal that to
their repeal, nothing more is needful than to under
th-m. The wonder is, that in this metropolis, the
of the trade and commerce of the nation, they could
to
in the
to
this
to
principle.
to refer in detail.
To
It suffices
these
for the
them generally among the other
cite
anomalies of our usury laws.
This, then,
are grateful
these laws
we have not space
present purpose
mortality.
We
been made, and no one of them has
the plea of usury has
laws.
is
we bring
the charge
They are unequal,
How
stand, and altogether intolerable.
to business
to-day against the usury
unjust, intricate, difficult to under-
we may perhaps show
prejudicial they are
hereafter.
COINAGE AND DEPRECIATION.
The prospects of our
foreign trade, the resumption of spe-
payments, and the future pressure of our debt on
the
have been so long tolerated.
cie
But the plain reason is that very few persons understand these laws. They are so intricate and perplexed that
even lawyers are often at a loss in their interpretation.
They make the legal rate of interest 7 per cent., and de-
resources of the country, depend in no small degree on the
nounce the following penalties against the person taking
anything beyond
this.
both principal and
he
First,
interest
;
not more than $1,000, and
secondly, he
thirdly,
he
is
money
the
forfeits
lent,
liable to a fine of
may be
further pun-
solution which
may
the future
give of the questions
as to
and Australia on the
depreciation of the precious metals and en the consequent rise
the
effect
of the
gold of California
Some
of general prices.
people have contended that gold
has already depreciated, and that the
ther.
it
at
movement
will
go no
fur-
Others deny that the movement has yet begun, or
probable.
all
Others again
declare
that
the
is
per-
Such is the law as turbations of prices in England are the first monitions of a
whoever he may be, general revulsion of prices which will spread more or less
can lend money at more than 7 per cent, without incurring rapidly till the tidal wave has struck and revolutionized the
whole domain of relative values. Few persons in this counthis three-fold punishment.
But although an individual cannot do this, a corporation try have been disposed to believe in any sudden and violent
may do it. Any corporation whatever is privileged to revulsion of prices. It has been supposed that if any such
borrow money, at any rate of interest, without limitation or changes in prices should be produced by the gold pro-
ished with three months imprisonment.
regards private persons.
restriction.
By
statute
No
citizen,
defense of
used
usury
in
in this act, shall
Legislature
passed in 1850, the
enacted, that " no corporation shall
any action.
hereafter
The term
be construed to include
and joint stock companies having any
of
interpose the
corporation, as
all
the
associations
forms and
duet, they would, as in the 16th century, be
slow and gra
The theory of sudden spasmodic movement receives
some confirmation from the phenomena which have caused
dual.
so
much
trouble in England of late, where the three prime
—
necessaries
coal,
meat and
iron
—have
suffered an advance
:
.
September
in price of an unprecedenled and tevere character.
This
sudden
char
theory
changes
that
.
THE CHR0^1CLE.
16<2.
14,
,
of
a
and
violent
From
343
these figures the Prtriiamentary
the conclusion that
Europe had gained
Committee deduce
above period
in the
acter were not unlikely to disturb values, appears to have
130 millions sterling of gold, of which she had
bern held by several of the French economists, and sug-
portation
by Chev- creased 107^
gested questions which were very early discussed
Bastiat and other writers, but the discussion
alier,
from a
far as ever
The
was
first
in the
s iiisfactory
is still
as
conclusion.
we
publication of Bastiat on the subject,
Journal des JEconomixtes
think,
In an
1849.
for April,
admirable essny on money, entitled "Maudit Argent," he
says: "
do not think
I
thnt,
much
add
the real
of mankind.
satisfactions
California might be useful,
the plHce of that which
ver}'
true
It is
But
and destroyed.
aug-
if it
by ex-
had
Of silver, Europe had
millions sterling.
in-
lost
total loss
of silver was reduced to £'26,800,000, and, as she
had gained £107,500,000 of go'd, her whole stock of bullion
had
£80,700,000.
ii'.creased
These details
impor'ant hiatus in the evidence
an
fill
problem of
needful for the investigation of the
gold of founded as they are on
the
does nothing moro than take
if it
is lost
to the enjoyments, to
lost
her stock of gold
that
millions, so
£50,076,000 by exportation, of which she had replaced £29,
870,000 by imports from producing countries'. Hence, her
on the whole, the gold discov-
eries of California will
22|
the British
the
may be
government, they
The
approximating to the truth.
prices,
and
information accessible to
b.'St
on as closely
relied
continuation of the table to
ments the current mass of gold in circulation it will cause the present time will, it is hoped, be undertaken by our
that mass to depreciate.
The gold-seekers will be riolier cotemporary, the London Economist, who has of late renthan they would otherwise have been.
But the people in dered service to the public by its elaborate statistics of the
whose hands the gold may be at the moment of depreciation production and distribution of gold since 1848, which are
much
will not be abla to purchase as
sum
a given
of money.
In
what they want for
that, I see simply
of
such a result as
a displacement of wealth, but no augmentation whatever."
In elucidating the problems raised about prices, the pre
cise point
which recent events have permanently forced on
the public attention
gold produced
the
in
tendency to
the
most valuable contribution to the history of
yearly increase of the gold circulation of Great
Britain
since 1858.
ANNUAL GROWTH OF THE METALLIC OUBBBNCV (SOLD) IN GREAT BRITAIN.
Annual addition
Coinaso, less Amount of Excess of Exports
to coinage
ish gold coin.
thus had a
This
In its issue for
31st August -the Economist gives the subjoined table of the
of the aggregate silver and
has
far
prices that has appeared for several years.
California and Australia has gone to swell
currency of the world, and
metallic
direct
how much
is
by
£
£
£
coinage
1858.
question continues to occupy attention, though the progress
1859.
1860.
1861.
7,593,000
8,089,000
12,801,000
11,132,000
...
1,669,000
7,238,000
3,470,000
...
3,768,000
of the inquiry
is
more important
general
raise
not so rapid as
we could
defects has just b«en
by the French government,
plied
prices.
One
wish.
of its
...
2,052,000
—311,000t
...
2,363.000
2,52.3,000
3,108,000
...
—580,000
-496,000
met, and in part sup-
in the
Annales des Com.
1858-61 (4 year 6).
1862
merce Exterieur, which contain an official report of the
mint operations from 1855 to 1870, as follows
1863
6,010,000
4,751,000
1,269,000
1864
8,937,000
4.308,000
4,629.000
1870.
587,000
1,182,000
1,769,000
1865
MINT OPERATIONS OF FRANCE— 1855 TO
Gold.
883,000
251,000
6.33,000
— 47,000+
4,478,000
4,525,000
..
447,427,820
Silver.
25,500,304
1856
508,281,995
54,422,214
562,701,209
1857
572,561,225
3,809,611
576,370,836
1867
—101,000
—818,000+
1858
488,689,635
8,663,569
497,.353,204
1868
1,055,000
2,301,000
702.697,790
8,401,814
711,099,604
1869
6,774,000
303,000
..
423,452,425
8,084,198
436,5.36,623
1870
1,716,000
997,000
..
7)8,000
2,518,150
100,734,550
1871
9,323,000
4,845,000
..
4,477,000
2,519,398
216,761,388
329.610
210,560,250
18,765,000
7,633,000
.
11.130,000
7,296,609
281,140,374
69,998,000
32,429,000
.
27,569,000
1855
f ranCB
1859
1881.
186S..
98,216,400
214,241,990
Total.
472,9i8,12fi
1863..
210,230,040
1864..
273,843,765
1865..
161,886,836
9.222,891
171.109.229
1866..
1867..
1868..
865.082,925
44.821,409
409,904,334
198,579,510
113,758,539
312,336,049
340,076,685
129,445.268
469,521,953
234,186,290
68,175,897
302,362,187
55,394,810
69,051,256
124,446,066
5,299,850,740
656,020,242
5,855,870,982
1870.
The
of the evidence which
defective link
supplied
is in
•
the details of the
production
is
here
in
part
and coinage of
1862-66 (5 yearsl
1867-71(5 years.)
Total
They enable
forecasting
from currency expansion, the silver coinag.? plays too
important a pnrt to be safely dismissed and left out of view.
in
England
suffer
Europe generally, the
obtained.
The
full
last official
de-
pub-
which we remember, was given by
lication on the subject
the
Bank Committee
The
figures
of 1857 to the British Parliament.
were obtained from the authorities of the Bank
of England and are subjoined
:
XBTIHATZD INOREABX OF THE EUROPEAN STOCK OF BULLION.
Imports from
^prodnclng countries.-
Exports to the East
for Great Britain and
^the Mcditerraneao.—
Gold.
Silver.
Gold.
Silver.
1851
£8,654,000
£4,076,000
£102,000
£1,716,000
18S»
15,1<M,000
4,712,000
922,000
2,630,000
18SS
22,436,000
4355,000
974,000
5,669,000
1854
22,077,100
4.199,000
1,222,000
4,683,000
1866
19,876,000
3,717,000
1,192,000
7,934,000
1858
21,276,000
4,761,000
479,000
14,108,000
1857
21,366,000
4,050,000
529,000
20,146,000
£180,876,000
£29,870,000
£5,420,000
£56,676,000
Total
rent
f>f
increase
us
to
gold currency
the English
in
we hope, be soon
—1,246,000
.
6,471,000
of view these figures are extremely
In a practical point
useful.
years.
to the silver coinage of
712.000
.
The aggregate of liglit coin withdrawn from 1858 to 1871 is reported by
the Bank authorities at £8,365,000, which would give an average of £598,000 a
year, the snm allowed for in this table.
+ Excess of imports.
of which hitherto little account has been taken •
although in the discussion of prices and of the changes they
As
14,768,060
...
*
silver,
tails will,
13.664.000
38,432,000
The importance
the
of
this
obvious.
is
gold
is
the extent of
compared with former
knowledge as an element
as
probable
future
the
out what
find
now
the
In
circulation in
course
first
of
place
prices
the
cur-
England has received an
of about two millions sterling a year for the last
fourteen years.
This swelling volume of currency acting on
general values has not imparted as yet a proportionate force
to advance prices
accumulating
;
till it
but that
force,
whatever
it
be, has been
has apparently reached in fourteen years
the aggregate of £27,576,000.
sum bear
to the pre-
this subject the
Economist
Secondly, what proportion does this
On
vious volume of circulation.
gives no information.
report ciled
But
referring
to the Parliamentary
above, we find that Mr. Weguelin, a
member
of the Committee, and then Governor of the Bank of England, gave
the
Committee
that
"
was estimated
precise statement
the
increase
by those
in
in
we
want.
the
He
told the
circulating
coin
whose judgment the Ba
Directors placed great confidence, at
.30
per cent
in
ik
the six
:
...
.
THE CHRONICLE
344
[September 14, 1872.
The total gold circulation is of decrease, however, is not very large, and these two imelapsed.
him now [1858] to amount to nearly .t'50,000,' portant roads, always noted for their prosperity, have
Here then we have the precise evidence of which we probably been affected by the new lines opened in the State
years ihen
last
believed by
000."
In
1858 the gold circulation of Great of Illinois, and the consequent competition for business.
The Union Pacific Railroad earnings for August have not
was 50 millions sterling, as nearly as could be
estimated, and it is believed to have had an addition of 27 yet been received by the financial agents, but their statemillions since, giving an increase of more than 50 per cent ment for July and seven "months of the year has recently
a:-e
search.
1ft
Britain
What
to the gold coin alone.
may
coin
decrease,
have received during
if
any, the silver
period
this
next
the
is
been published, as given below.
of the Union Pacific
In
most
the
is
one respect the report
issued
satisfactory that is
Bank have by any Company, as it gives the operating expenses of tho
well
known
enter
almost month as well as the gross earnings, thus showing the vet
notes
are
to
For
those
icreased.
}
The statement for July and from Jan. 1 to July
as vehemently inlo the movements of retail business and profits.
question, as also whether the small notes of the
general
garded
prices
in
as
coin
any attempt
and thoy cannot be
itself,
measure the
to
disre-
produced on
effect
by an increase of the metallic currency.
prices
31
ia
as follows
:
Kamings
RIILROID EARNINGS IN AUGUST AND FROM JAN.
reported
below, show any
that
for
month
the
in
movement
•we
the
is
reflected in the eirnings.
on reference to our
total receipts
Cleveland and
6,073,885
St.
bushels
statistics
of breadstiiffs, that
Milwaukee, Toledo, Detroit
Louis included 349,805 bbis of flour,
at Chicago,
of wheat,
10,263.408 bushels
of corn,
Compared with former years
above named cities were as follows
165,842 bushels of rye.
Wheat,
Flour,
July 27 to Anp. 31, 1812
Same time 1871
Samcthne
Bametimo
1870
1869
Corn,
bush.
bush.
bblw.
34n,805 6.073,8«5 10,2fi3 408
7,282,057
()5H,3S;j 7,»01,M8
£.39,2»6 6,863,286 3,s81,780
461,878 7,241,744 5,153,876
Barley,
bush.
t'le
excited an influence in inducing
some farmers
t leir wheat, in the expectation of
Toe
all
in the price of that cereal,
Erie Railway earnings
318,302 33
$355..390 7»
,
to July
1
Jau.
1
to July
31, 1872.
31, 1871.
$4..')84.»99 24
$4 083.977 70
2,744,983 53
2,005,189 66
$1,840,015-66
$2,078,783 04
& Great Western
Burl, Cedar Kapids& Minn
the
&
Chicago
still
to aubust
1
5.920.r,.52
1
& Iron Mountain
Kansas City & N...
Peoria & Warsaw
Toledo.
Tol.,
Wabash*
l,00<i.6')S
2I0,.304
3.078.961
596,784
81.929
3,'.il6,2"9
l,4:J4,52:j
2,270,.529
846,822
3,7!»,57«
Western
336,t:-88
293.486
280, -ai
1,841,184
9,445,829
1,217,002
•4.275,745
3,978,208
.... 1,025.802
2,253,109
Haute. 1,214,292
St. Louis
St. Louis,
853.229
1,008.615
6.314.104
579,737
2,04i)..'i71
* Cincinnati
Milwauliee & St. Paul
Missouri. Kansas & Texas
Alton &Terre
117,932
48i,'466
2,401,41.)
KansasPaciflc
2,32.1,806
Lalte Shore and Mich. South... 11,086,993
Pacific of Missouri
2,057,836
3.464,772
Cleve., Col., Cin. &Ind
.380,186
Chicago, Danville & Vincennes.
Erie
11,861,844
Illinois Central
4.977.416
Ind., Bloom. & Western
873,203
Marietta
Decrease
249,252
2,9.52,989
.571,819
7,972,208
3.346,840
2,864,381
Michigan Central
31.
Increase.
1871.
3,202.241
...
Alton
the eight
:
1872.
Atlantic
roads for
twetity-one
BARNnisa raoM jandart
555,49.i
2,19i),0;«
470..3fl7
1,185,889
1,004,776
1,717,8
672,881
3,529,627
28,403
429,747
552,909
173.T81
269,952
5.1,074
Total (exclndi«g the roads
not reported in
Netlncrease
the
•
$70,826,843
1871)
$62,602,825
$454,620
$8,678,638
8,224,018
Fourth week of August estimated.
other
the wheat " corner" in Chicago and
The break of
consequent decline
The gi03S earnings on
months have been as follows
St. Louis,
914,607 (i09,7S6
738,?I0 275,467
139,976 146,713
This ihows that there was a considerable increase in
items.
the
Rye,
bush.
347.364 Wb,M-i
0;it»,
biich.
2,617,770
5.532.517
4.530,079
2,090,113
quantity of corn firwarded, but a decrease in
Netcarnings
Central Pacific
year
2,647,770 bushels of oats, 347,364 bushels of barley and
total receipts at the
Expenses
same
the 27th of July to the 31st of August this
find,
Kamings
table
decrease as compared with the
With August the earnings of the
Western roads begin to have an increased interest, as in
this month the grain traffic commences, and the extent of
From
357,840 17
$385,542 36
Jan
1.
inonth of last year.
the crop
$673,693 12
only four roads out of some
are generally satisfactory, and
twenty-lour
TO SEPT.
1
month of August
for -the
July, 1871.
53
Expenses
Net earnings
The reports of railroad earnings
July, 187S.
$74.3,.382
CURRENCY REFORM.
Many
probably
back
to hold
a better market hereafter.
show a considerable decrease
able men,
fiave given considerable
are of opinion
the subject,
past, has
who
that
adopted a wrong policy
tion to fiscal reform,
thought to
Congress, for some years
in
giving so
much
atten-
and that the reform of the currency
—
amounting in August to $339,111 although the total for has a prior claim. Their maxim is that " the refunding of
the debt, and the restoration of specie paymeriti", are of
eight months of 1872 is yet $853,229 ahead of last year.
Among the new roads it will bo observed that the St. more importance than the adjustment of our revenue sysL'>ais and Southeastern reports its earnings for the first tem, and ought to precede it."
The advocates of these views have made a vigorous use
time.
lUILBOAD lAmnKGB IN AUGUST.
of the press, and at one time enjoyed more popular favor
1871.
Increase. Decrease.
1872.
than now, and wielded more influence in directing the finan$81,.504
$410,606
$472, 10
$
Atlantic & Great Western
1
Atlantic* Pacific
Bur., Cedar Rapids
& Minn
Central Pacific
bicago & Alton
Chicago, Danville & Vincennes.
Cleve., Col., Cin. & lud
Brie
Illinois Central
Ind.,
Bloom.* Western
Kansas
Pacific
Lalce Shore
Marietta
<fc
*
Mich. Southern.
Cincinnati
.
Michigan Central
Milwaukee & St Paul
Missouri. Kansas & Texas
Pacific of Missouri
.
Rome, Watcrt'wu
&
&
Ogdenab'h.
T. H
Bt. Louis, Alton
St. Louis and Iron Mountain
St. Louis, Kansas City
North.
107,790
93.420
1,288,297
572.3-32
57,875
404,286
1.525 243
76.3,23«
117.000
349,382
1,440.873
182,521
*515,163
B68.728
168.461
315.699
127,120
187.496
194,150
336,536
98,000
614.175
127,852
97,409
67,194
1,006.373
531,163
10,:M1
38,169
366,227
1,864,554
836,041
93,211
.332,555
1,295,369
142.322
422,015
B0«,557
93.9.30
334.730
123.664
17!). 107
131,489
236,586
cial policy
26,226
281,il24
38,059
339,311
72,785
.
.
23.789
16,827
145,504
20,199
93,148
59.171
74,531
One
of the country.
of the
most recent of the
numerous essays on this side of the question has just been
issued by Appleton.. It is from the pen of Mr. Charles A.
Mann, and is entitled " Paper Money the Root of Evil." It
First, it offers a very earnest and
consists of two parts
:
examination
suggestive
secondly,
19,031
3,536
7,611
it
aims
to
of
our
establish
method of "restoring specie
currency
system
and expound a
;
and,
practical
payments without robbing
debtors."
When
62,681
99,950
book was first written, five or six years ago,
prevailing public
in harmony with
the
62.096
S5;.079
33,215
94,637
sentiment which was very much in favor of currency
Total (excluding the roads
reform and a swift return to specie payments. But the
not repcried in 1871)
$438,738
$9,716,718 $1,1.'J0,910
$10,428,890
Net Increase
712,172
author, following Horace's maxim, kept the manuscript by
•FourtU week of August estimated.
him a few years that be might recast and improve it, and
For the eight months of 1872 now expired, the only two subject it to the " labor limce." During the interval a great
roads which show any falling off in gross earnings are the change has taken place in public opinion, and it has come to
The percentage be regarded as a settled principle of our financial policy
I llinois Central and the Chicago and Alton.
&
St. Louis & Southeastern
Toledo, Wabash AWesUrn
Toledo, Peoria & Warsaw
it
was
this
quite
;
September
<THE CHRONICLR
14, 1872.1
that the tax sygtem shall be reformed
dens which check production
while the currency
is
may
be miiigated, and mean-
to be let alone.
Three reasons have operated to enthrone
policy in regard to the currency.
trouble in the
this laisser-aller
caused by Mr. McCul-
contract the volume
to
much
In the first place, so
money market was
movements
loch's
so that the bur-
first,
of greenbacks
with a view to lessen their depreciation, towards the close
345
" Durioi; the process of resuming specie payments, a tavorable
opportunity will be offered for changing our monetary standard,
so as to make it conform to any unit of iuternational coinage that
in the meantime is agreed upon. Whatever measures may be
adopted for settling greenback debts, according to the value of
the money in which they were contracted, an allowance can readily be made in such settlement for any change in the value of the
coined dollar. The main thing to be considered would be whether
it ia worth while to make the change.
" The benefits to be derive i from an international coinage are
largely overestiuiate<l. It would save travillers mucli aunoyauce
and some expense while if accounts could be kept in coins uf
equal value, the lalrars of bookkeepers and accountants would be
slightly diminished. But in foreign cr)mmerco the precious metals
are used only as bullion. Whether in the shape of coin or bara
they are measured on the scales, like wheat, or coffee, or sugar, or
any other commodities whoso values are compared by weight. In
settling international balances this is the most convenient method
and no system of international coinage will ever ma&e coin other
than bullion in such transactions, or substitute the one in place of
the other. A similar overestimate has appeared in applying the
decimal system. In keeping accounts and making numerical
computations, to proceed by decimals is the most convenient plan.
But the natural and convenient subdivision of the dollar is into
halves, quarters, eighths and sixteenths. The want of coins to express these fractions is felt in retail trade, and is particularly
prominent in California at the present time. This use of a decimal subdivision of the dollar comes from a logical adherence to
theory in contempt of facts, that betrays the French origin of the
decimal system. In undertaking an international coinage, there
would arise a similar danjjer of overdoing it, and its success would
be a step further toward obscuring the fact that money is always
a commodity, a clear realization of which by the public would do
more than anything else to prevent all legislative tinkering with.
the currency."
;
of his administration of the Treasury, that the popular odium
was excited against the method of contraction as well as all
other methods of disturbing the currency.
Under the pres.
was repealed by
the law
sure of this popular excitement
Congress, which authorized the Secretary of the Treasury
to contract the legal tender notes, and the policy of contrac-
was abandoned.
tion
But, secondly, there
for the use of
a general belief Ihat as the
is
currency in
this
country has
field
been enlarging
interests, we shall grow
up by degrees to specie payments, and without any contraction shall reach a point at which the volume of cur-
with the progress of our material
rency will be no longer redundant, depreciation will cease,
and gold will be at
of their
A
own
urged
reason
third
policy
par, so
that specie
pnyments
will return
accord.
in
support of this " do nothing"
CURRENT TOPICS.
the alleged depreciation of gold from the increase of
is
the supplies of the precious metals.
opinions are,
Both these last-named
however, boldly contested, and in the book
is earnestly contended for which we
have always advocated in The Chronicle, that the dollar
remaining at its present value, if "specie payments cannot
be reached by contraction, they ceitainly cannot be reached
before us the principle
—
Steam Power on the Canals. As the time approaches for
the decision by the Commissioners entrusted with the duty of
making an award of the State bounty of |100,000 to the inventor
of the best steam canal boat, the interest among inventors rapidly
Should the terms of the law be complied with, the
increases.
sum of money,
by no means sure that the question of the economical
the movement of canal tonnage will
Moreover, many writers, 'Mr. Mann among them, imagine application of steam power to
be solved, although we hope some good results will follow from
that tLe national banks and some other corporations are
the experiments made. In a series of resolutions published by
hostile to all movein«nts toward specie payments, and make
the Commissioners a few days ago for the information of inventors
unwearied efforts to stop all legislatioo tending to restore boats competing for the prize are required to make three round
values or check inflation.
The powerful obstacle to-day, trips from Buffalo, or Oswego, to the Hudson river and return,
says Mr. Mann, " in the way of specie payments is one power. carrying two hundred tons of cargo coming East and one hundred
without
ful railway corporation,
likely to
bankrupt
it in
whose
leases in perpetuity
case of an increase in
would be
the
value of
money. Its freights and fares would then be at lower rates
and likewise its expense?, leaving the not profits greater as
measured by the purchasing-power of the money received,
but computed in a smaller number of dollars than before,
while its leases would still call for the actual number of dollars specified in them.
Resumption brought about by elevating the value of greenbacks would probably ruin a company with such liabilities."
Vox obvious reasons we need not dwell long on the remedies suggested by this writer for the evils he has so vividly
and earnestly portrayed. His plan of reform consists of
three parts
:
1.
refund the debt
lie would repeal the public credit act and
;
and 3. He would
be redeemable in
2.
He
fix
would repeal the legal tender act
aftei which all bank notes should
a day
coin, adjusting all debts as far as
to the real value of the standard
money
in
possible
which they were
incurred.
Without discussing these remedies, which have
stance
little
novelty,
we merely
in sub-
point out their revulsionary
character and the evils they
business and finance.
would inevitably precipitate in
Mr. Mann has indeed frankly exhib-
ited ihis fatal defect of his plan
in
the subjoined
extracts
It is
of these measures is altogether conjectuimpossiblo to know the practical operation of a law
A
seemingly trivial detail may change its
whole effect. As such laws could only be put in force one after
another, new necessities would probably be developed with each
of vheia. The general principle, however, that the value of treaBury notes ought not to appreciate, so long as they remain current
ftft money, cannot be doubtful,
until
it
has beeu
tried.
it is
tons going
West
—allowance being made in calculating speed for
detentions at locks and from interruptions which would impede
navigation for boats drawn by horses. Now it is evident that a
boat might comply with these requirements, and average a speed
and yet not be a success for the purpose in question. It is a demonstrated fact that steam cannot be
applied to the movement of a boat for forty cents per mile of distance travelled, which is the cost of towing by horses, so that any
saving in time over the speed now averaged would be fairly offset
of five miles on the levels,
by the increased
cost per mile of propelling power.
Again, the
now running on the canal carry considerably more than two
hundred tons when fully freighted, and hence the carriage of a
less tonnage per boat must be at a less cost per mile to be made
boats
profitable to the carriers, or else freights
must be advanced which
development of a larger
and believe good results will
flow from this experiment even though the end desired may not
be reached.
of course
would not be favorable
traffic for
the canals.
Still
we
to the
trust
The new Keouiation Concerning Postage Dbes.—An
effort is
now making
Department at Washing,
by postmasters throughout the
at the Post Office
ton to secure the enforcement
country of what seems to us to be a very unwise ruling, based
upon an obscure provision of one of the loosely drawn enactments
passed during the last session of Congress. The ruling is, in
effect, that when a letter ia received at any post office not lully
prepaid, the postmaster forwarding it shall stamp thereon " due
six cents " for every half ounce or fraction thereof for which pre-
be collected from the person to
In o*her words, the recipient of a
letter not fully prepaid must, to get the letter, pay double the
suppose the object
amount actually due thereon for postage.
of this regulation Is to prevent the mailing of letters not fully
prepaid, but it is not likely to have any such effect, and will only
payment has been neglected,
whom
from pages 363-4 :
" The result of many
ral.
State treasury will be relieved of a considerable
and yet
it."
the letter
Is
to
delivered.
We
letters from careless
the recipient of a letter for the
result in great injustice to those receiving
correspondents.
amount
To charge
of postage actually
due
is
right and proper, but to double
—
;
:
.
.
to " every half
ounce or fraction thereof."
should not be insisted upon unless the letthe law clearly requires it, which does not appear to be the
stamped three cents
We think
this ruling
ifc7i^
ing it necessary to resort to a trigonometrical survey of even a small portion
of the Held, it is quite obvious, even to the practised miner, that there are
above the water level, between Big Sewell Mountain and Charleston, within
Ave miles on either side of the line of your road, thousands of millions of tons.
The same seams could, of course, be reached by pits of moderate depth between
Charleston and Huntington and the amount of coal available from West Virginia is incalculably large sufficient, allowing for a normal ratio of Increase
in consumption, to supmy the Western markets for a thousand years to come.
" Reviewing the ground between a point in the Piedmont District of Virginia, say Gordonsville, and the point where your line debouches on the Ohio,
Huntington, a distance of 325 miles, as traversed by your road, I find an almost
constant succession of the minerals prominently used in the mechanic arts
and commerce. The iron ores are especially rich, of great variety the carboniferous limestone is especislly superior for fluxing purposes the several
kinds of coal are, in their several ways, specially adapted for the manufacture,
refining and working in iron and steel, and I am satisfied that pig iron can be
made at numerous points along the road at from $18 to $20 per ton.
"The fact that good serviceable coal can be placed in your cars at $1 per
ton, exclusive of royalty, is one of the first Importance, both to the workers
in iron, and to the immense distiibution of coal for various uses throughout
the Mississippi Valley."
case.
Operations are to be Pre.
How Grain "Coknering"
[September 14,
In addition to its importance as a through route, the road has
the prospect of opening a very large coal and iron traffic in West
Virginia. From a recently published report on the minerals of
this region, made after an extended examination by Professor T.
S. Ridgway, a practical mining engineer and geologist, we extract
tho following remarks. He says
"Any attempt to estimate, by calculation, the amount of coal contained
within a given number of miles of your road would be futile. Without deem-
the amount in the way of a fine is simply annoying, and can
result in no good, as the fine is not collected out of the wrongdoer. Besides, the Government is at no greater expense in forwarding a letter insufficiently prepaid, than in forwarding one
VENTED.
:
THE CHRONICLJI
346
ter of
.
;
—
— The resolutions adopted last week by the Chicago Board
of Trade, for the purpose of preventing cornering operations in
the grain market, will, if impartially enforced, be of no little beneThe resolutions provide, in effect, that purchasers on time
fit.
contracts shall have the right to
demand
;
of sellers as security,
;
margins based upon contract prices, and further se.
curity to the extent of any advance in the market above these
prices.
Sellers, on the other hand, shall have the right to require
of purchasers 10 per cent, margins on the contract price of grain
sold, and in addition any difference which may exist between the
10 per cent,
out the Chesapeake and Ohio first
and subsequently advanced them at differThe
trinsic value of such grain or other produce, sellers may from time ent times, as they were warranted by the demand, to 94.
negotiated the Central Pacific 6 per cent first mortgage
firm
same
extent
of
to
the
to time demand of purchasers additional security
gold bonds at 95 and upwards, which have since advanced considersuch decline, and all such securities or margins must be deposited ably above par, and are now selling at 99.
market value and the price of sale.
In case of a decline in the
Messrs. Fisk
in-
with the treasurer of the association, unless otherwise specially
agreed upon by the parties to such contracts. The same resolu
tion provides that the value of grain for shipment to Eastern or
Southern markets and not any fictitious or speculative prices at
which it may be selling in Chicago shall be the standard in determining the intrinsic value of property bought and sold upon con
tracts,
and
& Hatch brought
mortgage bonds
at 90,
Catest lllouctora anir (Eommerctal ^uglial)
KAX£S OF EXCHANGE AT tONOON, AND ON I.ONUON
AT LATEST DATES.
EXCHANGE AT LONDONAUGUST 30.
in case of disagreement the secretary, or in his absence,
tho president of the Board of Trade, under the control of the directors shall determine the value. These are sensible provisions,
and if enforced it will be difficult, if not impossible, for the gamblers in grain to control the market in future as absolutely as they
are glad to see that
have at times controlled it in the past.
ON—
Amsterdam
Antwerp
Hamburg
We
.
LATEST
DATE.
short.
12. 1
3 mOB.
short.
13. 7
85. S5
119X@119K
short.
6.2U<
118X
3mos.
32X
U
Frankfort
St. Petersburg
*'
1
48
THE REDEEMING AGENTS OF NATIONAL "ANKS.
Genoa
The following are the changes in the Redeeming Agents of Naples
York
New
These
National Banks approved since the 5th instant.
Brattleboro.
New
Jersey —
Newark
Ohio—
BEDEBUINS ASBNT.
Hillsborough
Ironton
Berea
Iowa—
Belle Plaine
Neir National Banks.
The following is a list of National |Banks organized
week ending Sept. 13, viz.
*'
Is.
Is.
30 clays.
10.
13.
108%
60 days.
90 days,
85itf
24Ji@24Ji
46X
25«
12.
6
is. h%d.
ds. \d.
mos.
Aug.
26.
Aag!
29.
6mos.
U. 11 &-\m.
Atig!'28.
6 mos.
U.'i\Hd.
10 13 ltd.
10Ji©13-lM
X per cent dis.
l,From our
own
correspondent.
|
London, Saturday, Aug.
The weather has continued fine, and the progress
work in the Midland and Northern counties has been
31.
is no doubt of the fact that the yield of wheat is below an
average, and will on heavy lauds be very disappointing. The produce secured during the last fortnight, however, is in good condition much t)f that previously secured, owing to the rains, is
There
for the
No.
Authorized capital, $50,000;
John Atwell, President Henry E. Ellison,
Cashier. Authorized to commence husiness September 6, 1872.
8,0)2— The First National Bank of Carlinville. Illinois. Authorized capital,
P. C. Hugains, President; M. E.
$75,000; paid-in capital, $37,500.
Flint. Cashier. Authorized to commence business September 7, 1872
Indiana. Authorized
Bank
of
Washington,
Washington
National
8,013— The
capital, $50,000 paid-in capital, $40,000. Frederick W. Viehe, PresiAuthorized
to
commence
business Septemdent ;
Cashier.
,
piiid-in capital, J.3S,800.
—
;
;
"spiked" or "sprouted." That a large admixture of good dry foreign
wheat will be requisite is .but too evident, and the importers of
grain are looking forward, therefore, to an active trade during the
season. Our prices are believed to be sufficiently high to attract
;
9, 1872.
we require. As regards the trade there is no markFor English
ed activity, but considerable firmness prevails.
wheat, prices have a wide range, viz from 50s. to 63s. per quarWhite wheat has certainly suflFered the most, as it is the
ter.
the supplies
,
Bank of Charleston National Banking Association of Charleston.
South Carolina. Authorized capital, $600,000 paid-in capital, $(100,000
A. S. Johnston, President Wm. B. Burden, Cashier. Authorized to
commence husiness September 10, 1872.
2,044--The
;
;
Chesapeake and Ohio Ballroad- Proposalai for Bonds.—
In another column Messrs. Fisk & Hatch, Bankers, and Financial
Agents of the Chesapeake & Ohio Railroad Company, offer to receive proposals until Monday, September 16, for the remaining
$3,923,700 of the Company's first mortgage 6 per cent gold bonds,
of
which they have recently placed the balance in this
market. There are several important points to be considered by
Investors who desire to bid for these bonds. In the f rst place the
road is nearly completed, and it is expected that trains will run
through from Richmond to the Ohio River as early as November
proximo. The route will then form a new outlet for the immense
commerce of the West, being the shortest to Atlantic tide-waters,
and will immediately come in competition with the four great
East and West trunk lines whose enormous earnings of late years
have been something astonishing,
of harvest
rapid. In
the South it is now quite complete, so far as cereals are concerned
and preparations have already been made for next year's crop.
2,041— The First National Bank of Alliance, Ohio.
ber
*'
**
30.
6.
Aug.
July
Ang.
Aug."l7.
U. WAd.
U. Vi%d.
'*
Calcutta
Sydney
York, approveil.
The Citizens' Na- The First National Bank of Cincinnati
approved.
tional Bank
The Second Nation- The Fourth National Bank of New
York, approved as an additional real Bank
deraptiou agent.
1
The First National|The National City Bank of Cleveland,
approved.
Bank
The First National The First National Bank of Chicago,
approved.
Bank
I
*'
Aug.
Aug.
I
Ohio—
Oiflcial
85
@3T.85
®87.85
is. &d.
is. 5(1
60 days.
Madras
I
'
©87
.
Bombay
National Bank...
Ohio—
27.80
27.80
u
Singapore
Hong Kong...
Shanghai
Ceylon
The Vermont Na- The National Eevere Bank of Boston,
approved in place of the National
tional Bank
Bank of Redemption of Boston.
The Manufacturers' The Ninth National Bank of New
Vermont
months. 37.80
3
log.'oo
&4Sii
Valparaiso
Pernambuco
25.40
58X®523<
Rio de Janeiro
Bahia
weekly changes are furnished by, and published in accordance
with an arrangement made with the Comptroller of the Currency
HAUE OF BANE.
]>i
31>i@....
90 days.
Lisbon
Milan
Aug.
30.
13
months. 25.62)^ 8,25.67X
**
3
Vienna
@!3
13.10>i@13.10K
23.50 ©25.00
short.
3 months. 25.77X@25.87Jf
"
11.22>i@U.27>i Aug. 30.
6.23K@6.24Ji
short.
.
Berlin
CIlilNGES IN
EXCHANGE ON LONDON.
TIME.
Paris
Paris
the legitimate dealers fully appreciate the importance of an organized effect to correct the abuses and reform the evils which
have too long been tolerated.
LOCATION.
iSms.
:
more tender sort, and some parcels have been sent to market this
week, for which buyers refused to give 50s. per quarter. Such
qualities, and there is reason to fear that there will be many of
them, are likely to find their way to the starch makers.
The condition of the potato crop is now a serious matter, even
making allowance for the usual exaggerations in such mat.
The season has been wet, and the farmers of heavy, illters.
after
drained, or low lands are now finding out how adverse the season
has been to them. On heavy soils the potato has been seriously
attacked with the disease, and some persons assert that a large
proportion of the crop is lost. The weather during the last fort|
I
night, however, has been very dry, so
much
so.
indeed, that on
:
:
:
September
lb72
14,
.
fell on Monday morning; was
hoped, therefore, that the disease
will be arrested, as the failure of the crop would bo a great loss to
which
is
it
the community.
The
:
'
THE CHRONICLE.
J
light soils the six hoars rain
most acceptable; and
:
.
347
SOLD.
Bar Gold
Bar (Jold, flue
Bar Gold, Ueflnable
South American Donblooiu
United Slates Oold Coin
per oz. standard.
per oz standard, )asl price.
per oz. standard, last price.
per oz.
peroz.
SILVIB.
crops of turnips, beet, mangolds, &c. will be very abundant,
that, in this respect, more than can be consum.
ed by our diminished flocks and herds will be grown; A large crop
of grass has also been harvested, and grass having been abundant
in the pastures during the Summer mouths, more than an average
proportion of the crop has been stacked for Winter consump-
and there is no doubt
d.
Bar Silver, Fine
Bar Silver, containing 5
Fine Cake Silver
Mexican Uollnrs
Five Franc Pieces
per oz. standard
per oz. standard
per oz.
,
OV^
0^
5
.
Krs. Gold,
6
no
price
pcroz., old, 5 SJ<. new, 5
4 ll.'i(%
per oz. last price
.
There has been more than the usual animation in the HUxk
this week, and the markets have presented a very firm
Although the wheat crop is a poor one, and although there
tion.
appearance. British Railway shares have been largely dealt in,
are anxieties about the potato crop, there are many favorable
and have improved in value, in consequence of the favorable
features about the season, and it mast be characterized as one of
French stocks have
traffic returns which have been published.
fair average abundance.
been in demand, and the scrip of the new loan is at 4^ premium.
The following statement shows the imports and exports of Erie shares have been
as high as 4H. Yesterday the market*
grain and flour into and from the United Kingdom during the
were flat, in consequence of rumors of a large failure, but the
season, viz., from Aug. 36 to the close ot last week, compared with
statement having proved to be unfounded, the market closed tothe corresponding period in the three previous seasons
day with a firm tone, at the following quotations
IMPORTS.
Consols
aK^ ««
United States 6 per cent 5 20 bonds, ex 4-6
1870-1.
1868-9.
9iH&9tfi
1871-S.
1869-70.
do
2d8crie8
Wheat
CWt. 38.l«4,401 34.437,875
38,467,758 28,M«3,053
91XW BIX
Exchange
:
Barley
Oats
11,960,210
Peas
1,09«,970
3,427.855
21,940,089
8,279,152
7,869,090
1U,SS1,B28
993,612
2,167,567
10806468
Beans
IndlanCorn
Flour
7.805,513
8,901,890
6,017,26^
1,176,177
2,296,971
13,8S2,30i
3,976,054
ll,645,a7.>
5,036,409
1,761,126
18.095,362
5,906,124
16,1.56,889
4,338,489
cwl.
Barley
Oats
Peas
Beans
Indian Corn
Ploar
The
2,210,252
17,483
108,6r2
10,254
3,060
3,286,498
111,914
986 353
101,635
1,463518
959,8.53
56,839
18,6.57
15,U3U
3,161
30,.342
79,771
1,253,074
178,895
84,247
Gledstanes
failure of Messrs
&
Co. has been
ErieSliares, ex 4-6
89Ji;
10.1,293
do
unstamfied
Ditto 6 per cent. Convertible Bonds
Illinois Central Shares, $100 pd., ex 4-6
Illinois and St. Louis Bridge, Ist mort
Louisiana 6 per cent. Levee Bonds
Massachusetts 5 per cent, sterling bds, 1900
New Jersey United Canal and Kail bds
Panama Gen. Mort. 7 per cent, bonds, 1897
Pcun«j;ivauia Gen. Mort. 6perct. bds, 1910
Virginia 6 per cent, bonds
followed by
it
was
circulated to
previous years
speculative operations.
Public deposits
Other deposits
own
traflic.
The money market has been very
quiet, but the
Bank
rate re.
mains at 3^ percent. Neither in the bullion nor the]money market
has there been any feature of importance. Considerable supplies
of gold, in the absence of an export demand, have been sent into
the Bank but as the metallic circulation is above the average,
owing to the harvest requirements and the holidays, the stock of
bullion in the Bank has not increased to any important extent.
There is, however, an ample supply and the last Bank return
;
shows every indication of continued ease in the money market.
The
quotations for
money
are subjoined
Per cent.
4 months' bank bills
3)i
6 months' bank bills
4 and 6 months' trade
3)i@3)i
1868.
bank post
3M®
•
•
.
by the
joint stock
discount houses for deposits are subjoined
Per cent.
3?i(g»3>tf
^^a&SH
bills.
3Ji®4
banks and
2>^
2X
25i
3
The following are the quotationsjfor money
Bank Open
Bank Open
rate,
market,
.
i>i
.
4
Frankfort
4
Vienna and Trieste
Madrid, Cadiz and Bar
cclona
4>f
*ji
Lisbon and Oporto
St. Petersburg
3-3X
Brussels
Turin, Florence
SK
3X
market
per cent, per cent
percent, percent
Berlin
7
7
8
7
S>i
3X
and
Rome
B
4^-6
4
8
3X
iH
*X
*ii
5
5
Antwerp
Bremen
6
6
LcipzlR
The Continental demand for silver has improved and the quotations are rather firmer. In dollars and gold very little is doing.
The following prices of bullion are from the circular of Messrs.
Plxley, Abell, Langley
96
® 47
1872
1871.
1870,
£
£
£
23,.3.56,451
25,381.497
26,184,308
5,.581,193
7,7'j6,445
19,9;J6,9II3
.5,101.605
23.047,80")
12,483.861
19,a33,314
13,968,368
16,428,660
12,.378,14«
12,280,283
20.636,733
15,196,108
25,044.463
19,207,563
13.3.56,411
19,716,602
Reserve of notes auc
com
11,539,548
20,846,653
2 p. c.
Coin and bullion
Consols
20,961,926
2X
Price of wheat
54s. 2d.
13 ll-ied.
568. lid.
Mid. Upland coUon
No.40 mule yarn fair
iO?id.
.
3X^.c.
P- c.
518. 3d.
9d.
12,36.3,741
23,119,281
2p.c.
93Xd.
3)4 p. c.
57s. 4d.
9 l-16d.
60s. 8d.
9 15-16d.
93d.
94)id.
9i%A.
Sc
quality
ls.2>id.
Clearing House return.
Is.
Is. IJid.
09,307,000
la. 4Jid.
69,70'2,000
*%
Hid.
l8.3>id.
94,359.000
71,194,000
EnxIUta market Reports— Per Cable.
London and Uverpool for the past week have been reported by submarine telegraph
as shown in the following summary
London Money and Stock Market. 65's, close at an advance of
i and new fives at a decline of 4 from the prices of a week ago.
The bullion in the Bank of England has decreased £484,000
Tlie df.ily closing quotations in the markets of
—
'
during the past week.
Consols for money
acconiit
1867
Thnr.
Mon.
92>i
92?,-
fi'A
92,'i
il2?i
92X
92>i
92X
93X
92V
87M
89X
92X
9SV
92^
88X
Toes.
U. S. 68(5-208,)1865,old... 93!i
»s»,-
92>i
92)i
92!i
87X
87X
87¥
U.S. 10-408
Wed.
Sat.
>2)4
89«
89«
89^
New 5s
The daily quotations for United States
fort
FrI.
nx
«««
«3«
««
87X
89X
89)i
Frank
6s (1862) at
were
''
96V
& Blake
^^
96.'i
Markit.—See special report of cotton.
Liverpool Breadstuff) Varket.— Chia market closes quiet, corn.
California wheat and flour having advanced while winter wheat
and peas have each deciined
Liverpool Cotton
Mon.
Sat.
s.
Hamburg
95^©
£
3,274,415
19,577,720
Government securities. 18,790,131
Other securities
16,239,930
at the leading Conti-
nental cities
5
_
90
44
24,103.001
3,909,825
13,412,6,9
14,339,928
14,355,909
24,860,1.32
Frankfort
Joint stock banks
Discount houses at call
Discount houses with 7 days' notice
Discount houses with 14 days' notice...
Amsterdam
100
:
Percent.
Paris
B6
62
I
rates of interest allowed
rate,
95
104
1869.
£
bills
:
I
8 months' bills
69
88
•
Including
Circulation,
"
|
Bankrate
Open-market rates
SO and 60 diys' bills
The
:
it
At a meeting of the Great Western Railway Company, held on
Thursday, the Chairman, Sir D. Gooch, M. P., stated the directors
were in negotiation with an American Company to run a line of
steamers from Milford Haven to New York. Milford Haven is one
of the best harbors we have, but has hitherto been neglected as a
commercial port, although efforts have been frequently made to
render it a worthy rival of Liverpool. The Great Western Railway Company are now taking the matter iu hand, with a view to
increase their
S^iii
of
the market for Eastern
proved to bo entirely unfounded, and
appeared to have been circulated with a view to facilitate certain
produce, had failed, but
to say, in
is
Wliii
tUfii
4SJ<<1
The following statement shows the present position of the Bank
England, the Bank rate of discount, the price of Consols,
the average quotation for English Wheat, the price of Middling
Yesterday a rumor, Upland Cotton, and of No. 40 Mule Yarn, fair second quality,
the effect that a large and the weekly Clearing House retam compared with the four
has been found necessary to make public.
firm in Mincing Lane, that
—
<£
161,987
the stoppage of their correspondents in India, and it has been
pablicly stated by a Cape house that the returned bills of Messrs.
Gledstanes may lead to their suspension. Apart from these, the
stoppage of last week has not led to any embarrassment which
originating in Manchester,
98
92J«
123,(»4
20,774
4,699
6,802
33.162
16,M0
1865 issue
1867i68uc
x
5 per cent. 10-40 bonds, ex 4-6
6 per cent Funded Loan, 1871, ex 4-0
Atlantic and Ot West., 8 percent. Dehent's.Bischoffshelo's ctfs..
Ditto Consoli(]ated Bonds, 7 per cent., Biscbotfshelm's certtUcates.
Ditto 1 8t Mortgage, 7 per cent bonds
Ditto 2d Moitgatie, 7 per cent bonds
EXPORTS.
Wheat
do
do
do
do
¥
Flonr (Western)
bbl 80
Wheat(No.2R'dW'u.sp)* cU 12
"
" 12
(Red Winter)
"
(California White) " 12
Corn(W.m'd), ^quarter.... 28
Barley (Canadian)....^ bush 8
Oats(.\ra.&Can.)....^bueh 3
Peas (Canadian)
* o narter 38
.
. .
dll.
n
(
4
<
9
(
6
<
6
I
6
i
(
G
I
8.
d.
30
12 4
12 9
12 10
28 9
8 6
3
88 6
Tues.
8. d.
12 4
12 9
12 to
28
3
9
6
8
39
Wed,,. Thnr.
8.
30
3
d.
30
12
d;
4
9
9
6
6
12
Fri
d'
B.
30
80
12
12 10
2S
3
3
S8
«.
4
12 9
12 10
28 9
3 6
3
88 6
12
12
8
4
18
28
2
8
38
e
•
Liverpool Provision* Market.— The only change to note in
prices this week is an advance of 3s. in beef.
Beef (Pr. mess)
Pork(u.c88)
Bacon(Cum.
new »
Sat.
d.
tec.
do *bb!.
1?cwt
cut)....
Lard (American) ..."
Ohoese{Amer'nflne) "
Mon.
».
B.
62
65
52
526
350
40 9
600
d.
6
850
40 9
600
Tues
Wed.
B. d.
«.
65
52
66
52
6
350
40 9
600
d.
8.
d.
65
Frl.
d.
«.
6
B26
350
S-J
6
40
41
350
40
60
Thnr.
6
626
850
60060Q
—
:
—
:
—
:
:
—
»
—
:
[September
.THE CHROIVICLE.
348
14, 1872.
Northern Paclffl* Railroad ColonUts.— The Rev. George
Rodgers, a leading Independent or Congregational minister of
Dorsetshire, South of England, accompanied by a number of tenant-farmers, has recently made a tour of inspection through MinB. d.
nesota for the purpose of selecting lands for a colony of 2,(X)0
d.
B.
d.
».
B. d.
B. d.
d.
B
U 6 n
W
persons— well-to do farmers, possessing a capital of from $2,000 to
»
U
Rojlnfcom. N. C.)...*cwt. li
$10,000 eacn, and who are among t)ie most successful agriculturPetrokumVreflnedj.'.'..^Kal 1 5)tf 1 5K 1 l><
\
Vi \ |^ } |u- ists in the world. The delegation selected eight townships in
Clay County, Minnesota, on the line of the Northern Pacific Rail«
V'
|
way. A railroad town, to be named Yeovil (in honor of the district from which many of the colonists came), has been set apart
advanced
oil
has
London Produce and Oil Market).— UriieeA
near the centre of their tract. Two hundred families will leave
58. since last Friday.
England in April for this colony, and the remainder, with their
Frl.
Thnr.
Wed.
TueB.
Mon.
Sat.
Commercial Advertiser.
pastor, will follow during the season.
s.d.
B.d.
£
d.
£
8.
£
8.
d.
£
d.
£ ».d. £ s.
10
10
On Monday, September 9, the New York Daily Bulletin was
li5
10
o 10
Lln.'dc'ke(obl).?ttnlO
646 enlarged by the addition of four columns to its present size,
646 646
64B
64 6
LinaeedCCalcutta):...
Sugar(No.l2D'ch8td)
„„ .
„ .
„„ ,
entitling it to rank among the large blanket sheets of the city.
_
The Bulletin is exclusively a commercial and financial journal,
84^ I 84^ I 84^0 84^
I 84^
8H
39
"39
.»
S9
and as such furnishes complete and trustworthy reoorts of the
39
V^r^o
38 10
36 10
36 5
36 5
^«led oil.;.;. " 36 5 5 36 5
various trade markets. Its editorials are always able and intelligent, though we should be sorry to concur in many of the
theories advanced. As our readers are aware the Bulletin is an
MISCELLANEOUS NEWS,
offshoot of the Chronicle, and we are happy to note its continued
success under its present management, which has been demonImports and Exports for the Week.— The imports this strated by four enlargements during the past three years.
week show a decrease in both dry goods and general merMr. A. C. Kaufman, Banker, Charleston, S.C, whose business
The total imports amount to $8,969,053 this week, in Southern collections we have previously noticed, carries on also
chandise.
against |11,092,938 last week, and |9,162,526 the previous week. extensive dealings in first-class Southern railroad securities. Mr.
The exports are |4,909,999 this week, against $4,406,670 last Kaufman purchases and sells on commission a number of stocks
week, and |4,695,445 the previous week. The exports of cotton and bonds, into the merits of which he has made special investigathe past week were 4.639 bales, against 3,055 bales last week. tion, and which he can recommend as choice investments.
The following are the imports at New York for week ending
The City Bank of London, whose card will be found in our
general
(for dry goods) Sept. 5, and for the week ending (for
advertising columns, at the recent meeting of the shareholders in
merchandise) Sept. 6
London, declared a semiannual dividend at the rate of 10 per cent
rOBBieM HtPORTS AT NBW TOBK FOB THK WKKK.
1872.
1871.
per annum, and carried £10,000 to the reserved fund, which was
1870.
1869.
IS.l.W.S.^l
13.36.5,885
$2,201,860
^3,105,307
Dry KOodB
thereby increased to £120,000. The attention of American bankers,
5,603,667
4,977,785
.3,892,566
3,615,407
General merchandise...
merchants and others, desiring to open accounts in London, is
tur
Liverpool Produce Market.— "t^heTe ie a. Bcarcity of spirits
advanced
pontine and prices Uave advanced 6b. tallow has also
other prices unchanged.
Is.
Thnr. Frl
Wed.
Mon. Tae«.
sat.
;
;
La
T..wJ«;::ii
f
f
fi f
i
—
M6
8»*'^^Uu«4^0^
i
ma
0^
COMMERCIAL AND
—
—
56.997,873
212,809,069
$5,817,267
205,648,215
$8,133,736
$8,969,052
2|B6,146,1I8
807,5<i0,814
$219,808,932
$811,465,482
$174,279,854
$316,529,866
Total for the week..
Previously reported....
Since Jan.
1
directed to this Bank.
BANKING AND FINANCIAL.
In our report of the dry goods trade will be found the imports of
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports, for the week ending
TO INVESTORS.
those who have funds to invest in large or small amounts,
who wish to increase their income from means already invested
other less profitable securities, we recommend, after full inves-
To
Sept. 10
XXPOBTS TBOM HBW TOEK JOB TDK WKKK.
$4,909,999
151,693,555
in
159,824,206
$164,228,013
$156,.503,554
$4,430,966
122,79.3,470
$134,120,941
$127,224,436
1870.
show the exports of specie from the
week ending Sept. 7, 1873
will
for the
port of
:
burg
2— Str. Weybosset, Port
Foreign silver coin
$1,000
au Prince$40,000 Sept. 6— Str. Calabria, LiverAmerican silver coin
pool10,000
American gold coin
Silver bars
150,929
For Atix Cayes
American gold and silver. 18,900 Sept. 7— Str. City of Paris,
Sept.
- Str.
Sept.
5— Str.
14,000
Ham-
Silesia,
Total for the week
Previously reported
Total Bince Jan.
Same time
$374,433
56,542,170
S. 5-30'8.
They
are
Coupon and Registered, the lowest denomi-
nation being $100, the highest, $10,000.
Nearly one-third of the Main Line of the
$56,916,603
1872
Same time
In
$40,989,922
1867
1868
1865
$54,296,201
46,608,989
25,217,828
65,022,581
1871
1870
1869
1868
Boad
will be com-
All the property and rights of the Company, including a most
valuable Land Grant, averaging about 23,000 acres per mile of
road, are pledged as security for the
1,
in
The imports
Railroad Company.
pleted and in operation with a large business the present season.
Liverpool
Silverbars
China, Liverp'l—
Silverbars
139,604
Sept. 4
Seven-Thirty Gold Bonds of the Northern Pacific
Bearing seven and three-tenths per cent,
gold interest, (equal now to 8i currency,) and sold at par, they
yield an income considerably more than one-third greater than U.
tigation, the
1
The following
New York
or
1871.
$4,40:8,807
For the week
Previoasly reported
Since Jan.
1872.
1869.
$3 124,362
i:J0,9«6,579
mortgage bonds now
first
offered.
All marketable stocks and bonds are received in exchange at
53,.'!4.3,422
20,723,124
current prices.
Descriptive pamphlets and maps, showing Route
of road, Connections, Tributary Country, &e., will be furnished on
of specie at this i>ort
during the past week have application.
been as follows
7— Str. Morro
Sept.
go-
Castle
Havana
Silver
Silver
Sept. 7— Str. Tybee, St.
Toul for the week
$8,367
2,877,037
Total since January
1,
1872
$2,886,404
Same tune In
Same time
{
$7,506,816
7,751,653
1871
1870
I
1
in
1869
1868
—
'
tom House.
by the U.
Treasurer in trust for National
banks and balance in the Treasury
8.
Coin cer
Week
Aug.
For
For
,—BaL.in Treasury.—,
Total.
Coin.
Currency.
15,759,000 398,593 200
15,767,000 378,642,290 72,082,407 10,a38,222
1.5,757,000 397,731,200 71,604.321
7.208,602
15,805.000 397,194,200 73,879,694
4,265,597
)5, 79.3,000 397,825,200
IT.
S.
Circulation. Deoosits.
:«2.8.M.200
Aug. 10.. 362.875,200
Aug. 17.. 381.974,200
Aug. 24.. .381.389.200
Aug. 31.. 382,0.W,a00
Sept. 7.. 382,;M3,200
3,.
15,793,000
393,186,200
72,991,220
—
8,682,879
Week
Sept, 7
839,077,979
534,400
463,200
256,800
198,000
209,200
,492,800
470,400
880,900
565,200
612,400
701,400
608,000
I<and
Bonds
Grant
ST.
JOSEPH AND DENVER CITY RAILROAD
CO.
and $100, Coupon or Registered'
30 years to run.J IntereS'' at 8 per cent., payable February and
August. Interest and principal payable in gold. Price 97^ and
accrued interest in_currency.3^For sale by
in denominations of $1,000, $500
TANNER &
CO.,
No. 11 Wall
30,487,680
street.
30,1!KI.200
29,553,700
13B-WK
27,933,000
Notes in ,—Fractional Currency.— Leg. Ten.
Circulation Eeceived. Distributed. Distrib'd.
137,296,477
338.191,287
338,680,027
Fund
OF THE
tiflcates.
;
337.6.35,912
CO.,
York, Philadelphia and Washington,
Financial Agents, N. P. B. R.
Slnlclns;
outstM'g
3.
National bank currency in circulation fractional currency
received from the Currency Bureau by U. S. Treasurer, and distributed weekly ; also the amount of legal tenders distributed
anding
Ang. 3..
Aue. 10..
Aug. 17.
Aug. 24..
Aug. 31.
nortKaee
5,642,991
Nation.Mj Treasury. The following forms present a summary
weekly transactions at the National Treasury and Cus-
— Securities held
First
$9,875,312
of certain
endini?
New
Domln-
Previously reported
1.
JAY COOKE &
$700
600
Gold
$7,067
603,600
475,500
626,500
631,500
1,140,600
£67,000
OFFER FOR
SAI^E
LOUIS SIX PER CENT WATER LOAN BONDS.
PRINCIPAL AND INTEREST PAYABLE IN GOLD IN NEW
YORK.
ST.
We
strongly recommend these Bonds to our friends and the
public as one of the safest and best loans now offering to inV6fitOTB
DREXEL, MORGAN &
CO., Bankers,
No. 53 Exchange place.
x
THE CHRONICLE.
T
ANIVOUNCEinENT FOK PROPOKALS.
September
14,
.
1872]
34^
8anker0'
®l)c
(&a?«ttc.
DIVIDKNDM.
OFFICE OF FISK & HATCH,
The followlDE Dividends have boen declared durlnt; the paitwrnk:
BANKERS AND
CoarAVT.
(SS. f!;?!^. »<»" cu»»Flnauclal Aicentnl of the €be»apeake tc Ohio RB. Co.
New.York, September 9, 1872.
Railroad*.
Central & Uud Hlv. stock
Oct. 15. Sept 18 to Oct SI.
New York
4
"
"
By direction of the President and Directors of the Chesapeake
Oct. 15.
certificate*,
4
Oct. 15. Kept 25 to Oct. M.
Dubuque
Sioux
&
City
3
& Ohio Railroad Company we offer, for'proposals, all the remain- Panama
Oct. 1. Sept 31 to Oct 3.
3
Sept.18.
ing balance of their First Mortoage Six Per Cent Gold HlddleboroQgh & Tannton
$3
luanrance.
Bonds, now amoanting to $2,923,700. PropoEals must be accom- Jefferson
ondem.
.
•'
panied by a deposit of five per cent, and will be received up to,
and including Monday, the 16th inst., the Directorsjreserving the
right to reject
any proposals wliich
Company
of the
to accept.
The
it
may
not bo for the interests
five per cent, deposit will
plied toward the payment, in case of accepted bids,
to those
be ap-
and returned
whose proposals are not accepted.
The President of the Company, Mr. C. ?. Huntington, is well
known as the Vice-President of the Central Pacific Railroad
Company, and the same ener(;y displayed in the management of
that corporation, and to which
remarkable success is so largely
due, is being put forth in the Ches.^pbake and Ohio.
The Board of Directors is composed of probably as strong and
able men as were ever associated together to carry out a great
enterprise.
Among them
York merchants
its
are the following^ well
known ^ew
:
Messrs. A. A. Low,
Wm.
H. Aspinwai.l,
Jonas G. Clark,
Wm. Whitkwright, Jr.
David Stewart,
This road will extend from Richmond to the heart of the great
West, at a point on the Ohio River, 313 miles below Pittsburgh,
where it will at once connect with 12,000 miles of river navigation, and soon by connecting roads with the whole great system
of Western railroads, thus giving a short, direct and easy grade
outlet to the millions of people
West
to the Atlantic Coast,
and
and inexhaustible products
in return furnishing
of the
them with
the manufactures of the East, and cheap coal and cheap iron from
along the line of the road. Its traffic must be immense. It will
upwards of $30,000,000.
Of the whole
427 miles, at this date 360 miles are completed
nearly done on the remainder, the iron is being
fully equipped,
cost,
length of the
the grading
line,
;
is
November next, it is expected trains will
run through to the Ohio river.
The Western end, 200 miles, wUl be nearly all laid with steel
rails
the bridging all iron, and the masonry first^jlass in every
rapidly laia, and during
;
respect.
The
total amount of these bonds is $15,000,000. The amount
by us from the date of bringing out the loan is $14,489,600.
The amount now offered by us is made up as follows
sold
:
Unsold balance of loan as above
Repurchased and received in exchange for debenture bonds of
theCompany
$510,400
2,413,300
miacellaneouB.
& Iron
Oct. 1. 8ept 19 to Oct. 1
Fridat Ktehiks. Sept 18, 187*.
call lias been in fair supply
throughout the week at reasonably easy rates, the range being
from 4 to 6 per cent., and the ruling rate to-day, 5 per cent., on all
ordinary transactions, with some few exceptions late in the day
on Thursday at 3(33^ per cent. The general condition of monetary
affairs Is comprehended In the statement that the banks are poor
in their reserves and unable to extend their loans, while private
bankers have considerable balances which they are lending on
Cumberland Coal
The money market.—Money on
from day to day, and which have tlius far been sufficient to
supply the wants of Wall street. A favorable feature of the
present situation Is found In the circumstance that there is no
heavy demand for money to be used in speculative operations,
either In stocks or merchandize and it is hoped that the apprehensions which have been entertained of a possible stringency in
money here during the present or coming months, and the early
break In Ihe wheat speculation at the West, may exert a beneficial influence in preventing any extreme scarcity in money at
this center at a later period of the season.
The Cable reports a decrease of £484,000 In the Bank of England bullion, but no change in the rate of discount; and an increase
call
;
of 4,000,000 francs in the specie of the bank of France.
The new Treasury certificates, to be issued on deposit with the
Assistant Treasurer of legal tender notes by the banks, are now
ready, and Mr. C. P. Leverich, the Chairman of the Clearing
House Committee, has Issued the following circular
Nkw Yohk Clbabino Hocsb, New York, Sept 7, 187S.
:
—Yon arc
hereby notified that the Assistant Treasurer of the United
StAles, at New Yorlc, is now prepared to receive deposits of legal tender notes,
and to issue certiflcates therefor in denominations of five thousand ($5,000)
and ten thousand ($10,000) dollars each, under and by virtue of an act of Congress, passed June 8, 1872.
Deposits will commence in the proportion of ten (10) per cent, of the capital
of each bank. Due notice will be given by the Manager of the Clearing House
of any increase in the proportion.
These certiticates may be held and counted as part of the leMl tender reserve, and may be used in settlement of balances at the Clearine House, as authorized at a meeting of the Clearing House Association, held on the 1st of
February last.
They will be payable to tlie order of the bank making the doDoslt
On the first payment to the Clearing House each certirtcate will require the
endorsement of the bank to whose order it is drawn, and will then be stamped
at the Clearing House " Pay to the order of any bank member of the New York
Clearing House Association,'' over each endorsement.
Subsequent payments to the Clearing House will not require the endorsement of the bank when paid on account of debit balances.
Respectfully yours,
C. P. Lkverich,
Chairman Clearing House Committee.
The last statement of our associated city banks showed a farther decline in their reserves. The total liabilities stood at $241,149,100, and Ihe total reserves at $02,519,800, being $2,232,525 in
excess of 25 per cent, of the liabilities, a decrease of $1,908,875
Sir
from
tlie
previous week.
The following statement shows the changes from previous week
$3,923,700 and a comparison with 1871 and 1870:
isri.
1871.
1370.
amount a proper award among
Aug. 31.
Sept. 7.
Dlfferenceii.
Sept. 9.
Sept. 10.
Leaving balance subject to proposals
Should the proposals exceed this
the accepted proposals will be m ade. An opportunity for Savings
Banks, Insurance Companies, Estates and Investors to get so good
a bond on a great road, at a moderate price. Is rarely offered.
The bonds are issued in denominations of $100, $500, and
$1,000; either coupon or registered; interest payable May and
November, both principal and interest payable in New York City,
in United States gold coin. The accrued interest from May 1st
will be added to all accepted proposals.
Proposals should be addressed to
FISK & HATCH,
Financial Agents,
Chesapeake & Ohio R. R. Company.
Banking House of Henry Clews &
Co.,»
32 Wall street. N. Y.
f
Bills of Exchange on England, Ireland, Scotland and the Con-
Loans and
Specie
16.4.1J,iSiiO
13.4M,33U
Dee.
Dec.
Circulation
Netrteposlts
LeKal tenders
27,n5,(XI0
«.53-i.900
2I3,ei6,«>0
49.064.300
Inc .
Dec.
Dec.
dis.... t3S8.8:2,400
|:iS7.640.0lV
219(i3«.v(XI
.
49.366.700
the world.
Also, Telegraphic Transfers of
Money on Europe, Havana and
California.
at sight.
196.)'!>2.00O
MS.aJO
(l«.»tS,7D0
*ismxat
18.713.000
is limited, though possibly a litmore active In dry goods paper than last week. The best
names sell at 8@10 per cent. The failure of several prominent
firms In Baltimore connected with the coffee trade, with liabilities
reported at $2,000,000 to $3,000,000 creat-d considerable excitement in that city, but had no important effect upon our market.
Vnlted States Bond«.-Oovernment securities have been
very dull, and prices remain tolerably steady at the decline previously noticed. The only buying movement of any importance
which has been observed was on the part of a leading German
banking house, on Wednesday and Thursday, whose purchases
amounted, perhaps, to $1,000,000, or upwards, and advanced the
prices of some popular Issues of Five-Twenties about \@i per cent
On Wednesday tlie Treasury purchased $1,000,000 of Five-Twenties from a total offerinij of $4,494,000.
Closing jirlces daily, and the range since January 1, have been:
...-."
.
sept.
se^t.
^§.'-
"
segt. "
Sept. "
'
^
mM
6*8
112
•lU
•lUX
•112
•:i2
.Tulj
,
May
«
25
(
5
June
Auk.
Aes. 7
Au^.
I
June
•
v'une2»
June 3
July
3.)
107XMch.l3IllSS Aug.
16
tept. 6I117H
2»
HIS
112H
I
— Highest.^
.
I07X Feb. 8!113H
llSHScpt.ia 117X
lUs Jan. s laos
109y Jan. 11 116H
t09S Jan. 11 lies
nox Jan. 13 II6X
xmii Jan. 11 117s
ir.JiFeb. 8i!13H
l\\\ Feb. »1117X
Feb. «i:!l«
107
•m%
'm\
since .Janusry
^Lowest. -N
Ss.fund, 1881, cp. .'110
\w% -no •iio«
!09V
Ss,i881, reif
\n% 113K
•113H 113S •!i3y •1:3
•115
•I15X •l!5X
68, !8Sl.conp.... •115V<
\v.% •115
IIS5, "il3*» •\\H\
5-20'81862, coup..
IISV
S-2I)'B18«4, coup..
113X •118« •\M% in** ms. '\U\
•114
'\\3% 1!4H 114^
114
5-20'il8«5, "
..
114
5.a0'sl8e6,n"
..
•1I2S n.'H
•I12X U2« •U'i%
5-a)'Bl8«7. •
112^ iiaji •112« 112M 1,3
..
1!2X
5-20'» 1868, "
\\i
ni\ I12« US
..
•112X :i3
•!07%
•io;« 'IU7X <lUit( 106
lO-MJ's, reir
lUtl
10-40*8, coupon... io:x
10; V
;o7s
107V 10.
Currency
Deposit accounts received, bearing interest and subject to cheek
249.0;8,liliO
30,144.200
In commercial paper business
«fr-
Commercial Credits for use in Europe, South America, East
and West Indies, China and Japan.
Circular Notes and Travellers' Credits available in all parts of
»3tl,2C6.3rt)
lU,7Ki.-00
tle
'
tinent.
IZJ1.W6.000
S1,ITJ,4U)
2.9SI.«00
57.9«)
5,430,000
May
the price bid. no »ale wasmade at the Board.
Closinsr prices ot securities in London have been as follows
Aug. Sept.
Since January 1.
30.
Lowest.
Highest.
• TtalB li
:
Depost issued and Collections made.
and Railroad Loans negotiated.
Certificates of
CLEWS, HABICHT &
11
State, City
nR
'65
8.69,5-208. •67
dfi
5.20fi
n.
n. 8.58,10-40«
Co.,
Old Broad Street,
^t
LoNDoit.
New
.'is
93S
92S
89 1<
»3V
93S
WS
39K
.
,
I
90s May
91S
June 19 94S
91
87S Sept. 10 asv
8«K Feb. 8l *:%
9,
Jan. 2
Jan. 1
Jan.
Jan. 3
n
—
X
H
X
,:
.
.
,:
:
.
THE CHRONICLE
850
[September i4, 1872.
The Gold Market.— Gold
state and Railroad Bond*.— The dealings at the Board in
Southern State bonds have been confined chiefly to South CaroThe April and October bonds of South
linas and Tennessees.
Carolina still continue to rule above the others, although it is
generally understood that the prospects of interest payment are
about as good for one class as the other, and not particularly good
on either.
From North Carolina we have seen letters written by prominent business men who seem to have much confidence in the old
bonds of the State, and indeed in all the bonds except the
" special tax" issues
the fact that such ideas are entertained by
parties familiar with the sentiments held in the State regarding
Missouri State 6's are about the
Its debt, is certainly hopeful.
lowest of any of the Northern State bonds, the Hannibal and St.
Joseph issues selling at 90. In railroad bonds there has only
been a moderate activity, and in some of the favorite old bonds
has been pretty steady at and about
The principal point of interest in the market has been in
regard to the high rates paid at times by borrowers, ranging as
high as 1-16 per cent, per day to-day the rates of 1 and 2 per
cent, were paid for carrying, and loans were also made flat.
There is a large short interest in gold, and high rates on loans
will very probably be paid at intervals, for some time to come.
At the Treasury sale of $1,000,000 on Thursday, bids amounted
to $4,334,500.
Customs for the week amount to $3,363,000.
The following table will show the course of the gold premium
each day of th« past week
considerable depression; the Pacific issues particularly are notably
lower. Centrals at 99, Union Pacific Firsts at 86J, Incomes at 78i,
and Land Clrants at 79i, which includes 3i per cent, semi annual
The depression in these bonds is
interest, payable October 1.
not accounted lor by any circumstances affecting the value of the
respective properties. Toledo, Wabash and Western St. Louis
division bonds are quoted at 88@89.
Closing prices daily and the range since Jan. 1 have been
Friday,
;
:
113.
;
Quotations.
.
ing,
Saturday, Sept.
est.
;:2V
!12V
113X
113
113
;:.3x
lis
112 X
113X
USX
113X
!13X
its«
113
,.113X
112X
1I2K
i:2x
113)^
113
112V
113X
113
108X
115X
US
Monday,
Tuesday,
Wed'day,
Thursday,
10,
11
12....
!3....
Currentweek
Prevlousweek
:;2V
!12V
109X
jan.l. 1872, to date
The following
can coin
Sejjt.
68Tenn., new
•sN.Car., old....
•33H
"
"
" cooBOUd'd
" delerrcU..
68S. C, n, J.& J.
68 Missouri
Cent. Pac. gold..
Un. Pac.,l8t
•50
•15
21
....
'20X
•2l)>»
SOX
•5I)H
•ie"
•44
•»M
•50*
•;SH
91
103
tn. 48..
V
93
«
"15
251,
"MX 86
«6V
T9V
•79X
7SJ<
•01
--Sii
•!
.
V'SH
'105
•9aii
'1J5
•105
•96X
....
101
the price bid, no sate
was made
75)4
1
38V Mcli.
24
vs
SOXJnIy 23
15)4 Jul/ 18
23
Sept. 5
92« Aug. 13
99- Sept. :3
86V Sept. 13
79% Sept. 12
7SJi Sept. 12
91
Sept. 3
100
May 4
103
Sept. 4
103
Jan. 26
96>i Sept.
101
July 1
•92f
99
•mi,
June
July
4
15K Jan.
41H Jnly
-SOX
99V
SO
79
•91
103
30>i
.
•87
«7
SO
79
91
•102it
lOs" 105
105
•33>4
93
99«
i»M
..
RoskUldl8tm7s
* Tftis is
92
99X
87
SO
79
Erie 1st
•- 33M
'ISM •15X
:n< 24 « 25H
•i?>i
25
•92 i
93
7b
78
is
.
eSMJaii.
....
Un. Pac.L'dOr't •79X
Un. P. Income ... •»
N.y. Cen, 68, 1883. »91
N.J. Cen 1st m
Ft Wayne Ist m
Chic it. NW. s f
•12
T3
'WA
•33H 38X
T3
68 N. Car., new...
6b Vlrg., old
^Lowest.-^ ^Highest.
Juue21
63H Jan 5 i5
11.
10.
73«
fiBTenn,, old
12
25
JIcll. 12
59
Jan. 15
59)i Mcll.22
21
Jan. :o
40
Mcll. 26
98
June 24
I(B)»
94 >i
85
June
6
Jan. 17
Mch.
19
88V Jan. 18
97
July !6
103>i
108 >i
Aug.
3
Jan. 17
107H June 29
Jan.
lOE
16
104M June
3
at the Board.
Railroad and OTlscellaneourj Stocks.— There has been more
activity in stocks than in the previous week, and prices at the
close are in some cases better than those of our laEt report, and
York Central and Hudson was
in others a fractien lower.
quite active and sold at par early in the week on the rumor of a
further |10,i 00,000 scrip dividend, but as the usual 4 per cent
semi-annual dividend only was declared, the price fell of. Other
active stocks have been Erie, Lake Shore, Pacific Mail, C. C. & I.
in the latter stock purchases are said to
C. and Union Pacific
New
;
have been made within a few weeks, by the party controlling it
to the extent of a large proportion of the whole stock, but for
what special purpose is not exactly known. The report of the
loss of the Pacific Mail Steamship America is confirmed by a telegram to-day.
dividend of 3 per cent has been declared on
Panama railroad stock. In Erie stock there was a sharp twist
to-day, in the way of scarcity of the stock for delivery, and a di(
ference between cash and regular sales of ^ to | per cent. The
earnings of ihis road continue to show a falling off, and rumors
have been afloat that the company intends to issue another loan
to meet its floating debt and cuirent obligations, but no definite
facts have been made public.
Speculation is in rather a halting position, and the market
closes tolerably firmer.
The following were the highest and lowest pricet of the active
list of railroad and miscellaneous stocks on each day of the last week
A
Saturday
Sept.
7.
N.T.Cen&H. K »9X lOOX
Harlem
114
Krle
48X
Monday, Tuesday, Wednesd'y Thursday.
Sept.
m%
9.
II8V 1I3V
114
4SJ«
i7)i
48K
Sept. 11.
Sept. 10.
99X
100
113)^
4S>»
100
98
113
IISV
V WJ<
114
Sept.
48X ,47X 4SX
Krtday,
Sept.
12.
Wh
114
98»
111
98X
r.3><113x
ilM
47X
70
70
do pref
'•on TOM •70X 71 )i
•70H 71
Lake Shore.... 89)< 8»)J 89X 8»X
88V S9% 83X 8SX
72
Wabash
72
71V 72
na 72 72K ?!« I'* 72 74
i<
73
Northwest
73X 7SV
73X
72K 7SX 73X 74X 73X
do
pref. S9V 90
90X 89V 80X
90X 90X 90
•89H ....
Rock Islaad. .. i\0}i llOX 110 llOH UOX 110% llOX llOX iiox nox
55
St. Paul
55 X 55X,
55X 35V 53 V 36
55K 55X
55X
76
76
76 X
pref...
do
76X 76X 76
75V !5V 75V 75V
*'•%
70
.
& Mlssip. 43X 43V
Central of N. J 103K 11'4
Boston,H&E. 7M 7K
Del.,L. & W... 99X 99V
38
Hann. & St Jos i-Se
Ohio
do
pref
Union Pacific..
•55
C0I.CI1IC.& I.e.
35X
67
36)8'
36X
131
S6)i
132
West. Un.Tcl.
70
Quicksilver
IIK ilH
V "V
Panama
do
...
pref.. 50)i
Pacific Mall
...
United States.. 8i
Wells, Fargo.. •81
•90
Canton
•
This
Is
85X
131
-•0%
7),'
too
38
56X
36X
.?7
131V
U%
43)i
104)( 104V
7)i 7X
100
100)4
•36
87
54X 54
X
rov
93M
72
•TOii
71X
52
S2X
87
94
131 X
132
53X
71X
54
72
44J<
105
104V
7X
7X
V
55X
36X 36V
36V i'ly:
132
7!
71
3IX
79,t
79K •80X
88
95
5al«
in these stocks since
was made
January
98V Sept. 5 lUXMch.lt
132
70
83V
•90
1
V
132
70,H
I32X
71),'
44X 44X
55
55%
70X -I'A
91
92X
TO
70>4
69Vi
....
80X 8CX
...
93
•84
•90
86
94
has been as follows:
Hann. & St. Jos
do do pref
Union Paciilc..
Col, Chic* I.e.
Panan'ia
West U Teleg'h
Quicksilver
do
prel.
Pacific Mall....
Adams Express
—
Since January!.
-Lowest.-, ^Highest.-,
85X Sept.
59X Jan. 17
53 X Sept.
7IX Jau.19
42
Apr. 1
28X Jan.
4iV May 21
19V Jan.
Jan.
!34
Aug.31
72
77.)< May 3
68X Jan.
44>, Apr. 30
25)i Jan.
56
Apr 29
30
Jan.
53^ Jan.
87X May 15
Jan.
Jan.
Merch Un.
U. S. Express... 60X Jan.
Wells, F.& Co. 56X Jan.
Am
90
59
Canton
76
,
....
100
35 V
at the Board,
,
L.& W..
•6V
WJs
35X
53X 53V
36X 87X
36X 37J«
70V 71X
43X 44
51V 55X
^0% 7'.¥
91V 91V
•
89 V
llOH
S5X 55;^
75X 76X
43X 43K
36X
53X 58X
S69i 36X
36X 37X
•....
92" 92"
89V
110
36
:31V
70X 71V
43X 44X
54 H 55X
TOX 71X
•92X 94
70
104X 10*X
7X
inox
•53
taji
SiH 89X
71V 72
V
lOIX 104X
...
.-
43
7
S6V
•93
•70
Since January 1.
^Loweet.-^ ^Highest.^
N YCen&nR. 91X Jan. 5,101X Aor. 2
Harlem
107XFeb.l2 130 Aj)r.25
Krle
30
Feb. 5 '.iX May 20
do pref
60
Mch. 2; 87 May »!
Lake Shore
88
AUK.12' 9SX Mcu.SO
Wabash
70X Jan. «, 80^ Apr. 4
Northwest
66K Jan. 5, S5X Apr. 2
do
pref. 69V Aug.lSj 97X Apr. li
Rock Island
105V Jan. SllSX Apr. 2i
52
JunelSi 64X Apr, 1
St. Paul
do pref
74X Feb. 1 83 Jan. 20
Ohio & Miss... 42 Aug.U i\% Apr. 1
Central of JJ .J. 102VSc|.t. C 113X Jan. 15
Boston, H. & E
3X Jan. 2( n% May 18
Uel.,
43 1<
lOOX lOOX 100
•.36
131V
>U% 71X
42V 43%
•....
andasked.no
43X
36X S6H
36V 3;v
71X
42X 42X
95
the price bid
The range
•>H
too
•3«
•55
86
53
71
9i'A
52
70V 71V
Adams Exp ... 94 S
Am, MercU. Ex 70X
43K ii%
103V 104
:a.
99)i
Jan.
Mav 20
80V May 24
fiSX July «
95
May 21
9'JK
-.02
June22
lUX
m%
n2X
Balances.
Gold. Currency,
,
.
Cle&rings.
45,077,000
42,077,000
»1,621,570
2,166,125
1,421,753
4,231,603
2,652,540
1,892,961
|l,873,i76
2,341,933
1,708,404
5,:09/-20
3,637,772
2,200,607
345,557,000
231,038,000
1,892,961
2,078,513
2,200,507
2,352,147
49,670,000
50.297,000
9:>J)28.000
are the quotations in gold for fcieign
American gold (old coinage)
I
4 p. c.
(4 84
3 32
Sovereigns
Prussian
ing.
and Ameri-
-
German X thalers
Since Jannaryl.-
.
Total
est.
7.,
Napoleons
Sept. Sept. Sept. Sept.
,
Open- Low- High- Clos-
X thalers
GennauKronen
X guilders
Spanish doubloons
Patriot doubIoon6
American silver (new)
7 85
8 05
6 55
3 90
15 98
15 50
American
silver (old coinage)
premium.
l&\
@t4
@
®
®
®
@
@
@
Dimes and
89
3 86
7 73
8 15
6 70
4 00
16 20
15 70
I
-
- 94
-
Knglish silver
Prussian thalers..
Specie thalers
premium.
p. c.
halt dimes..
Five Irancs
Francs
96
®—
- 9«X
- 95
19
®
@
4 80
19X
4 85
— 70 ®-72
104 <$
06
104 ®
06
101 &
02
_
I
Me
Mexican
dollars
1
Spanish dollars
1
par
X« - 98)1 South American dollars
Foreign Excliauge.— The market, until to-day, continued to
be depressed, and the nominal rate for prime 60 days' sterling was
down to 108, while transactions were made in second hands as low
as 107f and 107|. The principal cause for this depression was
the sanie that has acted upon prices for several weeks, namely,
the sale of borrowed bills and the high rates for cash gold. A
strong speculative party in stocks is reported to have borrowed
alone, within a few weeks, about £2,000,000 of sterling bills, but
the precise amount is, of course, uncertain. These bills are sold
for gold, and the gold again sold or exchanged for currency on
time loans, thus supplying the stock operators with money for 50
to 60 days time.
With high rates on gold loans, or a decline in
the premium before the 60 days are up, there would also be a
handsome profit on the transaction. Nothing new is reported o f
American railroad loans in the foreign markets.
To-day rates were higher and the tone was firm.
quote as
follows
We
^
00 dayB.
108)^®
London prime bankers
Good bankers
@108X
107V@107V
5.30 (35. SIX
108
"
commercial
Paris (bankers
Antwerp
5.27X(a.5 2SV
5.25 <85.26X
40 (»40X
Swiss
Amsterdam
Hamburg
S5X®85J«
40X®41
Frankfort
Bremen
95
Prussian thalers
@95X
7ix®'n>«
109
iiAvii.
®....
....®....
5.29 (S5.26X
6.22XSB.2SV
®S.21X
6.20
40X®40X
35;(;(a)S8
41X«41X
95V'396
•i2X®72X
The transactions for the week at the Custom Hous and SubTreasury have been as follows
r
Saturday, Sept.
Monday,
7...
•'
"
Tuesday,
Wednes'y, '•
Thursday,
"
Friday,
'
9.
.
lit.;.
U...
12...
13...
Total.,
13.363.000
Balance, Sept. 6
150,119,387 05
»7r525,15« 0«
Balance, Sept. 13
f51,82 9,459 68
114.834,292 11
New York
City Banks.— The following statement shows the
condition of the Associated Banks oi New York City for the week
ending at the commencement of business on Sept. 7, 1872
-ATXBAGS AHOTTNT OF
LoanB and
Legal
CirculaNet
„
Capital Discounts. Specie.
Bahkb.
tion. Deposit*. Tenders.
... »3,000,000 r.)..574.00(;
Hew rork
I788.00IJ 1854,000 »I0,227,500 J2,360,00O
:
.
Manhattan Co..
Merchants' ...
HechanlcB
Union
.
2,050,000
3.000,000
2,000,000
1,500.000
America
3,000,000
1,800,000
Phoonll
1,000,000
City
Tradesmen's
1,900,000
600,000
Fulton
300,000
Chemical
UernhantB Exchange.... 1.235,000
1,500,000
Gallatin, National
Drovers'
800,000
Butchers'
Mechanics and Traders'.
600,000
200.000
Greenwich
Leather Manul
600,000
500,000
Beventn Ward
York
2,000,000
State 01
Annerican Exchange
5,000,000
10,000,000
commerce
1,000,000
Broadway
1,000,000
taercantlle
422,700
Pacific
2,000,000
BopubllC
450,000
Chatham
412,500
People's
1,000,000
Nortb America
1,000,000
aanover
500.000
Irving
4.000.000
Uetropolitan
400.000
Citizens.,
1.000.000
Naasan .
1.000.000
Market .,
1,000.0011
Bt. Nicholas..
1,000.000
Shoe and Leather
l.OOO.OOO
Corn i^lxchange ...
2,000,000
Continental
750,000
Commonwealth
300,000
Oriental
400,000
Marine
300,000
AUr.nllc
Importers and Traders*. 1,500,000
Park
2,000,000
500,000
Mecbaulcs'Banklng Abs,
...
...
&
New
,
6.155,800
7,232,900
5.616,400
4.733,600
0,991,500
3,852,400
5,366,800
3.753,800
1,951,700
6.479,700
3,241,000
3,583,200
2,582,700
2,023.500
368,200
1,012,400
269,300
3:6,700
840,600
378,(HX)
522,600
20,000
168.700
9,7(it'
S,798.StlO
850,000
493,100
478,700
1,300
516,200
4,643,400
7ii3',26o
2.8?2,S0O
6,S01,8C0
2,736,000
3,762.200
2.(48,C0C
!,488,7(X)
•287,700
124,700
3.648,00(1
4,138.100
2,4)0,500
1,570,300
1,814,200
1,432,000
843,300
2.069,700
811,200
2,573,S0O
4,301,60(1
268,800
52.900
334,500
9.849,500
3i7,0ll0
451,300
490,300
251,600
197,700
2,700
263,000
174,800
552,100
977.000
20,883,.' OC
647,900
1,110,300
6,764.800
364,'JOO
900,000
6,10S,(i0l-
50,000
11.600
859,300
92,300
4,100
475,6110
3.668.90C
1,510,51*
3.090,300
2.673.200
1.854,100
S.VIH.OOO
1,205.300
2,122,000
4.758,200
1,325,200
1,801,200
U8.600
47.300
16,200
I,034.9('0
2,902,100
1,201.700
7,755.300
4,123 OOU
1.976,300
5.021,500
2,360,600
1.695,400
8,592.100
a,S36,500
2.330,000
10,0: 0.9'JO
1,468.300
2.066.000
2,9r2,81iO
2,6l!5.200
3,554,700
J.883,400
4,1C6.600
2,300,000
1,571,900
2,181,600
909.400
12.239,000
I7,538.60C
1,237,000
S5«',l6o
130,200
5,600
2O1J00
102.200
283.700
13,700
186.300
487.200 1,177.900
27,800
129,700
82.500
3,900
76,100
380,800
56.700
740,100
152,300
7<!4,000
42.900
5,000
5f2,()00
40,800
129,000
283,700
6,600
4,1110
,S6O,000
135,203
16,600
97,700
199,300
494,400
474,700
906,000
au5,ooo
140,000
4,851,4(10
1.8i;3,COO
1,029.500
2,481,500
l,i?l,800
2,424,800
2,133,800
1.280,800
1.982,700
663.500
12,417,000
19,936,100
1,050,000
56i,3MI
799,000
715,71)0
603.600
1,454,91-0
479,400
436,010
787,700
434,500
873,4fO
5I4,8C0
442,500
481.000
404,610
129.100
601,100
209.500
843,100
1,524,600
2,604,700
1,096.200
956.700
221,600
373,500
602,100
128.200
413500
S08JWI
489,000
1,12^,200
359.700
229,600
431,500
S92.200
6;5,C«|l
222.('00
6'0,000
509.500
221,100
554.400
2O1J00
3,013,900
4,.'i33,100
229.0U)
:
1
September
::
1872
14,
WronerR*
north River
M»niifRctiirer«*Mer....
Four'.l r^atlonal
Oentftl Natlonot
WO.OOC
Si^copI N«:':".4l
Ninth ^fatlon»l,
first National
Third National
New Vork N. Kjchange
Tonth Nation il
Bowory National
1.5(10,(100
SOO.OOO
1,000.000
500.000
1,000.000
850.000
«,932.3U0
Now York County
JiiO.OOO
l.JRS.'.'On
Onrraan Amerlcaa
2,000,000
1,000.000
5,0','1,60()
Dry Uood»
1.900
671.400
196.400
IS.lidO
io.s()o
1,1106,200
219.3(10
19 800
2i4.500
718.000
OS.IIIU
l,09i',IOO
VO
191.700
1'7.U;0
3.992.3(0
2.509.000
85«,300
8,800
.a08,.V]0
1
The deviations from the returns of previous week
l«>anB
Dec.
Inc.
410.582
4.932
Dct.
•.02.9221
17,570,500
95,100 I,4<K,4fl0
9.4.19,000
i;o,0(io
l.liS.IOO
600.000
272,700
5.2fl.ll0"
1. 177.1
1.277.2
268,200
4,938.8011
6.879,!K)0
886,9110
((76,2(10
3,T2J,700
5(W.I(X)
00
SWOfO
Juno
June
•JSI.IKIO
liine
180,«)0
1,152,100
37S.OI10
,lunn 24
3.9:M,7(X1
53:1,7(1.1
WO
819,2(10
Julyl
July 8
13.451,300 27,552,900 .'13.616.2011
41.068.50o
liii'.MO
2M100
298,600
12.100
814 900
4.E00
1.2IS.2IIO
0.'(W
I,n5,(»l0
7li9,»IO
225,'
229.900
6.500
2,'.3l,10O
1,65;,
The annexed statement shows
«)
282.100
The
^1,420.200 287.640.000
deviations from the returns ot previous
Loans
D'C.
..Dec.
Inc.
Specie...
Olrcalatlon
287,113.'i00
8
./one 15...
June 22...
June 29...
July 6....
Sept.
3....
20,299,700
288,764,300
292,80e.S00
19,1112,100
28,;8.5..il'0
2H.22 1, 100
29,571,800
28,498.700
Leeat
Tenders,
227,301,400
228,993,300
228,931.000
232 ,.387,900
n
Cl('a:inep.
59,-1,66 1,357
55,424,500
57;.62.i,24S
5.*l,769,321
2l">.50?.li00
24!.551,:W(I
245,062.700
241.528.000
.53,7.11,900
485,978,872
447,078,632
491,269,170
411.553,12(1
433,763.317
640,228,881
2'a5,l'JS.20O
23,925.9(10
27,:i50.000
27,'<37,200
296„386.500
18.199.000
27.I":8.(XX>
2S7.6W.J0O
51,570,600
295.3'li,S00
aO,39S..'«X)
27,2 '0.600
52,.53.1,400
2il2.4M.60
28».ei2,400
237,010,000
2.15,757,600
22ti,»19.a00
5fl.86!),(«W
511,152,.5.52
I:l,l5!,u00
219.036 200
213,616,200
49,366,700
49,068.500
559,1^5.714
27,371,7110
1S,207,200
16,402,.')OO
27,175,000
27,5«.900
Boston Banks. —Below we Rive A
5i.051.7CXI
59Ti,ai9,432
527,;3'!,530
50(i,013,:i7li
the Boston
stateiaent of
National Banks, as returned to the Clearing House, on Monday,
Sept. 9, 1873:
Banks.
Capital
Atlantic
Atlas
$750,000
1,500.000
1,500,000
1,000.000
500.000
200,000
1,000,000
1,000,000
1,000,000
200,000
1,000,000
Blackstonc
Boston
BoTlston
Broadway
Columbian
Continental
Kllot
Everett
KanpullHall
Freeman's
lllohe
Hamilton
Howard
Market,.
Massachnselts..
MAverlck
Merchants'
Mount Vernon..
New England...
North
Old Boston
Shoe
&
First
Third...
Bank of Commerce
Bank of N. America
Bank of
City
.
Eagrle
Exchanee
Hide & Leather
Kevere
Commonwealth
Total
The
2i.700
65:1,101)
10,6110
82.700
210,700
SOO.OOO
400.000
8,000,000
200,000
1,899.600
100
2,200
14,400
15,400
1.0:7.0110
3,01X1
n:67,300
Wl
»4«.050.000
144,900
4.900
S,900
51,100
49,900
300
4,100
13,800
52,8(XI
10.200
2.300
813,800
3.550.600
2.o8t,200
1,981,800
675.200
795.200
The
Decrease. $281,600
16.700
Decrease.
Decrease. 463.800
Specie
Leval Tenders
The following
1,572,90(1
325.600
788,600
i;3,M10
787.800
1,224,100
795..iO0
f.5,2(X)
•220.610
91)7,100
340,700
590.100
698.600
178.500
814,609
692,300
9<K),60O
731.9ilO
8113,500
169, SX)
843,800
644.S0O
744.600
125,200
199,400
110 000
421.600
^.3^,•2,'XI
.59^,800
1,056.400
42.';.40O
l,68i',llXl
T2.°00
I,(r20,i(l0
619.6i»)
1.269.200
540.900
i.'SJ.lOO
811,100
351,700
725.300
1.607.900
790.500
780,000
174.000
753,200
591,400
797.001}
798,100
416,600
337,500
Loans.
89,2^0
606,,00
1,006,S(X1
530.800
775,900
188,8;!(l
213,100
1,382,500
25(1.0(0
Hl.'2.n.2O0 »25.'646,9Co
of Sept. 9, is $19,082,t00.
»9..396.'X:0
Decrease.
Increase.
$63,900
8,000
weeks
past:
Deposits, Circulation,
2,244,300
1.757,600
10,470.600
48.5S.5.600
10,19S.B(I0
48,340,800
25,654,S00
2i.61S.600
1,,366.400
10.210,100
4.-,474.900
256I5,U»I
10.615,-.C0
9.47:.800
9,771,100
9,611,000
10.151,900
4-', 151,800
48,875,500
48,504,100
25,610800
15
118,:-i!i«,200
July22
July 29
118,863,900
1I3,510,H00
1.447,3(0
2,740,100
2,9«:,200
2,145,500
2,121,800
Augusts
119016,700
1,730.9(X)
9,J65,4liO
46.368,0IK)
August
117,914,800
119.057.900
116,771,900
116.6t2.70O
1,208,900
1.207,200
1,173,100
1,198,700
1,182,000
9,449.200
9,a36.IOO
9,675,600
9,860,000
44.634,300
42,827.000
41.502,500
25,627,600
41,809.1IX)
25,6.38.9(
12
Septem'ier2
Septeinber9
U6.3ll.100
Philadelphia Banks.
— The following
25,6 2,2(0
114,87 ,000
47,827,M0
26.606,400
46.401,900
26,.557,600
25.6 2.4110
2.5.6'.'7,50O
25,653.700
is
Total net
Loans.
Specie.
L.Tende
$39,01X1
$1,260,0(X)
5,670
51,400
20,000
13,453
1,000
3,236
570.357
$3,658,000
2,649,423
1,13.8.000
S,4«6.1'00
1,000.000
15.170.000
3.927.416
5.11S.00O
2,602,000
2,331,000
2,791,000
:,43O.20O
1,126,896
1,222,040
1,456,853
2,121,600
260,000
8(11,091
258
23,000
9,622
Banks.
Capital.
$1,500,000
NorthAmerlca ....
Farmers and Mech.
CommerclaL
Mechanics'
Bank N. Liberties.
Kensington
Yenn
Western
Manufactorers'....
ol
Commerce
Olrard
Tradesmen's
Consolidation
pity
1,000.000
200.000
800,000
Commonwealth!,"!
Corn Exchange,..,
Union
First
Third
Sixth
Seventu
Blzhth
Central
Becuilty
...
400 000
80o!ooO
500,000
300,000
1,000,000
300,000
150,000
3S0,C0O
975,000
75OJ00
Banker Repabllc.
Total
2,000,(XX)
810,(XX)
800,000
600,000
250,000
250,000
508,000
400,000
Bonthwark
Rank
1,(XX),0(X)
IfiOOflK
250,000
...
.
8,917,000
1,601,885
1,207,063
1,547,353
728.361
a.283,000
1,6.85,000
3,8:11,000
1.000
5,050
296
12,941
8,750
3,000
33,000
592.000
293,000
311,000
521,000
264.000
17,5,895
227,353
145,000
267,692
936,000
335,799
237.447
M8 883
99,046
392 000
344,000
714,000
.
1.808.400
4.000
2.3S7.000
1,468,100
1.31
8;i,6-.6
1,030,35!
1,370.629
991,887
677,327
2,992.tXX)
1,221,611
825,916
1,010.852
406,789
2.031,000
1,590,000
1.019.030
615.000
I/H9,a00
8*X1.0OO
101,000
93,000
121.000
5,000
5.50.(XX)
tl<.»3BJW0 $M,«34,in $236,714
619,01X1
459,050
151,000
210.275
225,378
168,385
174.800
535,701
204,075
592,000
179,179
270,000
354.414
211,340
450.U00
224 .l»X)
799.(KJO
.113,345
2.269,000
631,000
$1,000,000
37,750
1,000,000
S.1«5,(XI0
1,000
564,000
eO.O.IH.Sgn
'238,168
12,915,08^
59,612,473
5'>,202910
267,427
1-2,489,888
'207.180
11,629,0*:
1IJ):5.1S7
10.«3S,6S!
193.48!
176.498
231,78i
236.714
56,9^,117
UJftjn
IIJU,4m
ll.StSJH
lljaDJM
IIJ»J«
MmSSu
ll,8Rjt!4
ItJKtM
47.1W,686
49J0S.'2n
UM'tH.iil
10.89'2.714
10.ni0,822
ll,420,*a
l\M7Mt
42.9.53.158
11.310,^
4.8,l(M,a»
42.889,507
1U'»6,78«
11,343,831
293,000
131,000
3.005 000
1.236.000
S'W.OOO
260,966
135,000
219,360
239,665
582,000
800.000
180.000
$10,790,822
$42,389,507
$11,842,8:<1
1ir2.000
831,'JOO
IKO.
1871.
«1UK ii4xa ....
lOSKOlOSK iioSaiiON
ll3X«ll3Jii ll6K«II5Ji 113 0118
K
91
114
lllX«iMX
>.(nin*lirl\
112 ®112!,'
Uih&'-'-iX
3
....
&
®
4
6
S (^ 10
56.916.603
6
0$
M
SOUTHERN SECURITIES.
Some
of
of these prices are necessarily nominal, in the ahsenca
any recent
sales.
Bid. Aak.
8R0URITIKB.
States.
Bid.
SEOTJBITIKB.
Ask
**avannah 6s, end.
70
70
90
East Tenn. & (lev 1 gla 68
East Tenn.& Va. 6b end. Tenn
E.Tenn., Va& Ga., 1ft M.,78..
do
do
stjck
93
60
Savannah
do
78, new bonds
do
7b, endorsed
7s, Gold
do
North Carolina 6s. old
do to N.C. B.R. Co..
do
do
do Funding Act, 1866
1868.
do
do
do
do
do new bonds
do Special Tax....
do
South Carolina 6b.
Georgia
do
do
do
do
do
li.R.. 7b
Greenville
do
do
do
do
do
do
Memphis &
ICs,
do
.
do consold.. 68.
90
73
GO
do Ist end.
do
do Income
Montgom.ft Eufaula Ist Ss.gld
end. by State of Alabama...
Mobile h Mont.. 8s gold, end
Mobile 4 Ohio sterling
do
do
do ez ctfi.
do
do
88, interest
do
do
2 mtg,8a.,
do
do
Income
do
do
Btock..
N. Orleans & Jacks, let M. Ss.
do
do
'id
do
do
cert'B.Ss.
N. Orleans & OpelonB.lstM.SB
A
Nashville
Cltle*.
Norfolk* Petersburg iBt m..8e
do
do
do
do 2d mo., 8e
new
,
bonds,^6fl
end.,M.&C,R.R..
Mobile 5s.
00 8s
Rlch.,rre'ksb'g& Poto.Ss
do
do conv.7s.
do
do
do 68
do
do
Rich, and Danr. Ist cons'd Sa..
Piedmont
8s.
Rome *
A
New Orleans 58
consol. 68...
bonds,
78...
tOs
to rallroadB.SB
Norfolk 6b
Petersburg
68
Richmond 6s
Savannah 7s, old
do
do
do
2d m., gnart'd 68..
3d m..68
4th m., 88.
Southwest. RR., Ga.. Ist mtg...
stock
do
Spartensbur.ft Union 7b, gnarS.
do
78, new
Wilmington, N.C, ••gold
8a gold.
do
do
. .
Railroad*.
&
*
Chatt., 1st. M, 8a, end,
Tenn. R, l8t M.. n...
2dM.,78
do
Atlantic* null consol
do
end. Savan'h
do
stock
do
do
do
do guaran.
do
Central Georgia, 1st M., 78
stock
do
do
Charlotte Col, A A.. 1st m. ,7s.
stock,..
GaroUna RR.
M,78 (ncw:
do 68
do
do 7b
do
do Btock
do
Ist
V>.
A
Tenn.lst8,<8
2d8,6e
do
3d8 88
do
Weflt Ala., 88 guar
Wilmington and Weldon 78
Ch* Kath.lstm. end
do
do
do
ist M., 88...
Pant Due Coupons.
Tennessee State Coupons...
Vii'ginia Coupons
deferred.
ao
do
Memphis City Coupons
Nashville City Coupons .. ..
67
SO*
..
Ists, 88
I>.,l8t M., 78.
Selma,
North Ala, 1st M., 8e
South
Southslde, Va., Ist mtg. 8e
6b, old
Gs, new
do
Orange and Alex., Ists.SB...
do
2dB, 68 ..
do
SdB. 88....
do
4th8,88...
Orange ft Alex. * Man. latB...
RIchm'd & Peterb'g lat m., 7s
do
do
2d m., 68,
do
3d m.. Ss.
do
do
do
Montgomery 88
do
do
do
do
Chattanooga, 68..
Northeastern, 8.C., iBt M.88.
do
2d M. ,8b
Lynchburg 6s
>Iacon7s, bonds
do
& Tenn., Ist m.,78
of 1876
Columbia, 8. C, 6b
Columbus, Ga,, 78, bonds
Ala.
Ala.
70
88...
.
83X
Mont&Euf'IaR.
Charles ton, S.C..7B,F.L.bds.
do
do
1875..
..of 1910.
88
do
Augusta, Ga., 7s, bonds
Charleston stock 68
ao
do
do
do
MlsBlBBippI
2dm.,
MontgomeryA We8tP..l8t.8a.
Atlanta, Ga., 7s
do
do
bbOck.
lOs
6i
Little R. IC. M....
do
MISBlBB:ppl Central, iFt m.,78.
Penitentiary
levee bonds
SB, Alab. & Chat. R.
do
ofl592.
88
do
Arkansas 6s, funded
78, L. K. * Ft. S. IBI
do
78, Memphis & L. R..
do
7b,L.R.,T.B.*N.O,
do
7b, MIbb, O. & R. RiT.
do
7s Ark. Cent R..
do
Texas,
.
endorsed..
stock
do
do
Memphis & Ohio,
do new bonds
do new floating debt.
do
do
78, certlf..
lOL
100
5!
90
70
Memphis & Charleston, 1st 7s..
do
do
2d 7s..
.of 18?8.
88
8b
88
Alabama 5s
8s
do
8s
do
Col. 7b, guar
do
(,oulsiana6s.,
do
do
do
do
stock
75
76
Macon and Augusta bonds
L«ndC,18S9,A&0
7s,
6s,
&
Macon A Brnnswick end. 7b.
Macon* Western stock
Jan. A July
April & Oct
Funding Act, 1866
Laud C, 1889, J & J
do
00
&
ant. Char.. 1st m., 78.
Cherawand Darlington 7b
Charleston
Virginia 6s, old
do
do new bonds
do consol. bonds
do
do
do deferred do
(Jeorgla6s
Nashville
Deposits.'
7«2,0(X)
l,0r)6,:i59
12.82437
Memphis old bonds, 88
the average i^nditlon
of thfl Philadelphia National Banks for the week preceding Monday, Sept. 9, 1872
Philadelphia
13,055,645
'276,ftl3
.
do
Julys
Aueust26
824340
UMMt
M
do
do
July
AUKU«19
C0,44l,968
80,147,589
13.'29<.260
,
796,30(1
116,791,4(0
117,108,300
116.619,200
112,161,800
Junc'24
297,935
IIJS;.m
Discount of first-class endorsed notes 60d
6
7
KxportsofspccicatN.Y., from Ian. 1 tO(Iate$
S4,^,jOI
M^OB-aw
2,8'i5,404
Imports
do
do
do
do
i
'.SOKJIS
7,731 A«
do(gldl$
do
Imports of merchandise
316,529,8 6
274.279,8*1
2ll,4C6,Mt
do
do
KxportB
do
do (cur)$
15«.503,5I>1
1SI,228/)13
m.iU,4M
%> ».
Price of Middling Ppliind Cotton
2IXc%....
21X« .... 19H« ....
do Standard Brown Sheetings
# yd.
13 (i\3<^
I3k(» 14
13Seil4
1* bbl.
do Kstra State Klour
7 10 «7 50 6 30^6 50
6 36(» sao
do Amber Wheat
V bush. 170(^175 1 60 (*: 62 I 34« I s;
Western mixed Corn
fl bush.
do
«i m M
840 8»
T2>i@73V
do
New Mess Pork
* bbl.ll 00 «14 lU13S7Xai3a)
870$$ 90
do
Klo CoUee, prime, gold
* lb 17K« 17ik 16|^(» 17
«l B>
Fair to Oood Kellning Sugar
8V(49W
do
tKA 9^
Anthracite
Coal
ton.
3
15«3
SO
4
«0
do
*
00*5
American Pig Iron No. 1
» ton. 66 OOfflSJ 00
do
0OI8S7 00 n:D9034 iP
791,600
165,11X1
16'I,9C0
Le^al Ti*nder.
599X1083
18T2,
1,470,600
]
Specie.
11.5..567.10O
i:i,95.>.00t
113
1.0'.;,(XX1
:!,S00
Deposits
Circulation
!C!8,1»I
l08M@lf8!<
S53,I'XI
415.700
241.400
5'1S,900
2.821.1(10
are comparative totals for a series of
Date.
Junes
June 10
JunelS
I
j
:4.!'24,9H«
445.000
amount "due to other Banks." as per statement
deviations from last week's returns are as follows
Loans
154.135
3M.70fl
192,700
1-H,900
total
59,383.807
59.S59.324
49„'»3,1C1
49,«99,0Ht
(9,711,671
I9.0i7.761
50.021.793
49 165.015
49,611,5:3
48.189,176
48,235,996
2i;,1110
12,600
»116.S61.1(iO |;1.132.0::0
14,510,639
Prime Bankers' Sterling bills, 60 days
Price of U. S. lis 5 20fi of 1862, coupon
Price of U.S. 5b 10-40«
Price of U. S. OscurrWK^y
Itate of Interest on call loans
352.7."0
716,70(1
18(1,000
700
1,18,850
Commercial and Financial Summarv at thl* Date.
527,200
7.58.9(XI
290 000
59,(H3.9<i5
116,900
427,400
843.600
293,900
391.200
206.300
106.300
131,700
431,900
831,400
5,2(X)
49,600
4,1S3,'X>0
658.000
7(X).40O
2111 .21X1
20,9(X1
15,2.35,893
57.461.311
57.374.699
„
Deposits. ClrcaUtloo
14 278,283
114,10«
161,281
58,6,19.4.'iO
ttjae
^"^
the condition of the Philadelphia
Price of gold
173,5(XI
797.(100
868.900
415,600
1,314,100
»3.8(X1
079.9(0
652.300
165,7IKI
1211,400
48,100
146.800
9.600
8.600
15,500
5,500
2.722,400
8.573,800
3.083.900
1.482.900
3.215.300
1,^2;.400
4.2 10.300
4,6i9,700
1,213,600
4,439,900
2,023,000
5,457,500
3.031,500
1,690,100
1,937,900
4,a5O.70O
3,363,500
6<i8.30O
T.em
31,71X1
2.4'I9,700
782,000
2i0..5tX)
218,300
109,000
511,400
72,300
106,700
7.370.300
603.910
2,442.900
2.913.70O
1.892.910
1,-500,000
Union
Webster
400
2,T22,-200
2,2)8,100
:,53i.300
2,273.800
8,000,000
200,000
1,000,000
1,500,000
500,000
Security
2,032,800
1,000,000
750,000
1,000,000
800,000
1,000,000
1,500,000
1,000,000
1,000,000
1,000,000
ItepuDllc...
7*1,500
5i2,"00
436,800
152.7
22i,,T00
1,0(10,1
B*k of Uedemntlon.
1,708,300
2.100
1,000.000
1,600 000
300,000
2,000.000
Second (Granite)
7S4.:iOO
12-l,:i00
600,000
2,000.000
750,000
Washington
$431,600
6(14,900
2,532,300
900,000
Tremont
$564,100
162,700
236,600
162,600
195.700
36,000
185.000
189.200
244.100
63.000
125.700
l,47f.6'lO
r.OOO'.OOO
State
Suffolk
Traders'
$153.4(X)
1,000
118.100
13,500
3,200
61X1.000
1,000.000
1,000,000
2,000,000
1,500,000
Leather
$1,800
4, '200
2.286.(100
1,000,000
Shawmut
Specie. L.T.Note
Loans,
11,5 16.800
2,719,800
3,8(H.200
2,138.500
1,559,600
4S5.70O
AUKU816
August 12
August 19
AuK0St2«
714,791
AKerecate
55. 108,: 00
27.466,(00
27,376,0
July2i
July '29
September 9,,
,t3,9!9,40O
51,tl51,(l»
.52,508,600
5.3,440,700
52,S!15.600
211,771.9(10
Dec.
Dec.
6M,662,5i9
67.26.1,669
Septeml>cr2
weeks past
Denoslts.
27,502,500
27,519,300
27,528,100
27,416,1110
27,5118.400
22,79.'>.50O
2>6,90t,v00
296,6*7,800
297,214,500
295,136,900
July 13. ...
July 20...
July 27....
AUKUSt 3
AuKUBt 10.
AUKUHt 17.
AugUHt 21
AuKUSt 31.
2(),»16.000
11,420,000
293.200
1
Specie. (Jlreulitlon.
Loans.
Date.
June
57.900
as tollows:
Dec.
Dec.
i
are the totals for a series of
The following
week are
Net Deposits
2,95;,20olLe)i:al Tenders
!1,1T2.40''
1
Date.
8
10
:
...
are as follows
Depnslta
CircoIatloD
i
for a series of weeks
Loans.
Specie. Legal Tender.
Banks
l,4»2.l«IO
,Iuly15
Total
.
351
fpecie
Legal Tender Notes
2.929.S00
1,4K.5(I(I
8,18.5.000
4.57;,l«l)
4.1
.
THE CHRONICLE
J
759.8(10
800.000
l.Ill.WKl
400.000
l,li;,!fflO
850,000
1.4H,8IHI
snn.ooo
5,000.000 22 311 (W
8,000,000 lO.llO.rW
MtBlver
:
.
60
100
»4
81
g«
97
93
4S
..
...
'
'
tlie
•TOOK* AND BBOVBITISB.
_
&
St.
Joseph.
Vallforuta7B
78, large bonds
do
Connecticut 88
1(15
Arkansas Levee bcKds,
Albany City, 6's
Railroad Bonds.
do
1(X)>5
78,1865-76
Brie iBt Mortgage Extended.
.'.CK
Endorsed..
do
do l8t
1879
do 7B,2d do
188S
do 78,3d do
188(1
do 7b, 4tli do
1888
do 7s,5tli do
Lon? Dock Bonds
E. I8t M., 1877.
.
^5
95
.
1.8.F.7p.c....
* Tol. Sinking Fund ..
Clove. & Tol., new bonds
Cleve., P'vllle & Ash., oldbds.
do new bds.
do
Detroit, Monroe & Tol bonds.
Cle.ve.
Bud'alo & Erie, new bonds ...
Lake Shore DIv. bonds
Lake Shore con. coup, bonds.
do
!01
97
R. 7b, guart'd by Mo..
Pacllic
"
Pacific
clffc gold Bonds
Central Dnlon Paclflc Ist M'geBonds.
Land (irant,
Income 10b
Western,
do
do
Tol.
& Wab'h, 1st
M.
2dM..
Ist
Mort. ext'd.
Oi
94
94
S8
91
Keokuk «
do
do
do
&
%
89
HH
m
Ml
98
94)4
Gblc.
&
do
do
Ohio
&
92^
IClxl
Sinking Fund.,
Ist Mortgage...
Kalamazoo A
S.
Burlington
M.,
do"
do
do
do
do
do
do
A
Haven RR.S's.
Land M.,7b
2d S., do 76
do
3d S., do 8s..
do
4thS.,do8B..
do
5th S.. do8s..
do
6th S., do88..
do
Creston
'<ran''h
do
do Chariton Branch
AC. Bl.
Income
95
;oi
Michigan Air Line, 88
Jackson, Lansing A S.. 8b
Wayne, Jackson A S.,88...
S8K *'t.
Oi»: -1 Rapids A Ind, guar, Ts.
plain 78.
do
m
96
99
7 3-1(1
78 gold
Ist Mort.
lowadiv
do 2dM
A Cln., 1st Mort
A Milwaukee 1st Mort...
•Toilet A Chicago, Ist Mort
Chic. A Gt. Eastern, Ist Mort..
Col., Chic. A Ind. C, iBt Mort.
do
do
2d Mort....
Tol., Peoria A Warsaw, E, D.
Chic.
A
A
So'easlern
L,
M.
Ist
98
98
98
96
!0;>4
102
87),
8e.
103
97)4
95
89
88
W. D.
Burl'n Dlr.
2d M.
Consol. 7s
106
Chicago
do
A
A
89
53
'
,
Clev. stock.
Connecticut River
Connecticut A FassumpBic,
Eastern (Mass.)
FItchburg
pf.
92)4
10
1S5
91
92),
lii"
20
90
91)4
lf7
110
103)4
113),-
130
67K
101
m%
101
105
Exempta
6b
Alleghany Valley 7 S-IOs. 1896.
BelvidereDelaware.lst ni,6,'77
do
2d M.,'S5
do
103
iis"
93
SO
85
100
103
80
82
32
95'
90
93"
19
S2)4
do
do
do
do
68,'83
do
68, '89
do
do mot t. 68,
3d M.,'87
Camden 4 Amboy, 68,
'89...
consol., 68, '9*...
Atlan. 1ft m, "8, '73.
do
78, '80..
2d m,
Cam. A Bur. Co.
do
new
do
Connecting 68
38)4
f 8. '97
CatawiBsa, Ist M. conv.
chat.
80)4
"75
Camden A
m. do
,
A
7 s, 1900
1900-1904
78, '.''8... W'msport, I8t m, 76. ';C.
do
•36
aejk
S6«
Uttle SctaO]rlkUl,UtM.,7tl8Ti,
1st
SIX
100
98)4
9i*
8S
91
103
92
97
101
to
97
^•A 93
98
85
84
94
100
85
85
95
94
91
S3
88
88
]8
M., 7
65
88
92 S4
33
116)4 107
45
43
105)4 106)4
ex.d. 106)4 107
Miami stock
Little
I^OOISVIMiE.
Louisville 6b, '82 to '87.
68,'97to'9S
do
S3
Water 6s, '87 to '89,
do
Water Stock 68, '97,
do
Wharf 6s
do
special tax 68 of '89.
do
Jefl'., Mad. AI,l8tJI.(IAM)7, '81
do 2d M.,7,.
do
do
do Ist M.,7, 1906....
it
=2
81
«S1
96
L. ftKash.lstM. (m.s.) 7, "77..
(ni.a.16. '8f-'R7
do Lou.
87
66
92
f3
C2
95
Lonlsv. C. A Lex., Ist M.,7, '97..
LoulB- A Fr'k., ist M., 6, *;0-'78..
Lonlsv- Loan, 6. '81.
do
Loan
do
do
do
do
do
do
(Leb.Br.)6,'86
(Mem. Br)7, '70-'75.
l8tM.(Leh.br-ex)';, '80- '85
IstM.
Lou- L'n(Leb-br-ex)6, '93
do
common.
A Nashville
ST. I.017IS.
St Louis
5s
do new 68, '98
do reg..
do
do new 78, reg., 1910 lOiX
A Laf.,
(LAC) 1st M.,7, 1888
do
Junc.Cln. A Ind.,lstM.,7,'S5,
Little Miami, Ist M ., 6, 1883 ....
Cin. Ham. A Dayton stock.. ..
Columbus A Xenia stock ex d
Dayton A Michigan stock ex d
do
8p c. st'k guar
do
de
2d mort. 7s, '?0
do
3d m. cons. 7s, '95.
Junction iBt mort. 6b, '83
1900
do
do
2d
Lehigh Valley, Ist M., 68. 1873.
do
do
do
Dayton A Mich., iBtM., 7 81..
2d M., 7, '84-.
do
do
do
3d M., 7, '88-.
do
do To'do dep- bdB, 7, '81-'94
Dayton A West., 1st M.,7, 1905.
1st M., 6, 1905.
do
do
LonlBvlIIe
Ha'-risburg '.et mort. 6s, '83
H. A B. T. Ist mort. 78, '90
..
99)4
81
89
J9)4
•A
82
S6
S3
K
82
^^
90
90)4
9U
87
91
81
83
99
94
68
ConBOl-lst M..7, 1898.... x91
Jetierson.. Mad. A Ind
sV
LoulBV., Cln. A Lex., pref
'82
*88
East Penn. St mort.
EI.
2d M., 7, '85..
3dM.,8,7!...
Indiana, Ist M., 7
Ind., Cln.
«.
do
Ksi
'98
do
do 2d M-,7, 1877
Colum., AXenIa, 1st M..7, '90.
new
do
101
A
do
do
A
Cln.
HATLROAD BONP8.
10
97X
82
88
6s
102
7-30B
Ham. Co., Ohio 6 p. c. long Ijds, 90
do 7 p.c.,1 toSyrs, 95
do
do
do Ig bds, 7 7.305 ;oo
7?
Covington
Cin. Bridge
96
Cin-, HamD-. 1st M., 7, 80..
do
do
107)4
«S>4 985s
lOlX 101)4
Es, conp... 77
6b,
99"
97
do 2dM.. S-F-,«,'85do 3dM., S. F.,6,1900
do3d M. (Y. &C)6,'77
do Cors. (gold) 6, 1900
&
A
:38
STATE AXD CITY 1JOND8.
Delaware State
98X
CINCINNA'ri.
FIIII.AnEI.PHIA.
rs
66
78
105)4
103
99)4 lOO
do
do
Vermont A Canada
Vermont A Massachusetts
New Jersey State
WV
82
Cincinnati 58
Rutland common
do preferred
do
do
-9;.--.
conv..'77.
West Md, IstM-, en,lorsed,6, '90
do
Ist M-, unen^':-. 6, '90..
do 2d M., endorsed, 6,'90.
Baltimore A Ohio stock
Parkersburg Branch
Central Ohio
do
preferred
Wiy,
A Lawrence
Nashua A Lowell
Northern of New Hampshire.
Norwich A Worcesler
Ogdens. A L. Champlain
pref...
do
do
OldColonyA Newport
Port., Saco A Portsmouth
68,
'81
KR.
Pltt8.AConnells.-,lstM-,7,
do
do
IstM-, 6,
Mancliester
Pittsburg
Alton
pref.
do
83H Pibai;ne*BloaxClty
lUK
•M
Paciflc, pref
Central of New Jersey, scrip
"ol. Chic. * Ind. Central
'76.
78
do
66H Chic. Bur AQuincy
97
Clev., CoL.Cln. A Indlanap
Cleve. A Pittsburg, guar
99K
(new)7.
Sandusky
Concord
Alleghany County,
AllcBhany City 6b
fis,
Maryland 6s, .Ian.. A.. J. & O..
do
6s, Delence
Baltimore 'is of '75
do
1884
do
68,^900..
do
lf90 Pa'k 6b
Baltimore A Ohio 6b of '75
do
do 6bo1'90
do
do 68 ot '35
do
(N. W.Va.)'2dM.68
dn
3dM.6li
do
do
do
do
(;h. 88
Cheshire preferred
90
....
81)4
Central Ohio, IstM.. 6
Marietta A Cln., IstM. ,7, 1891
do
2d M., 7, 1896,
do
Northern Cent-, Ist M- (guar) 6
do
do
!00
(Not previously quoted.)
Albany A SuBquehanna
Atlantic
99
certiflcates...
A
--
IDS'A
,
!0O>v
Pennsylvania 58, coup
6s, '67, MO, 1st..
do
10-15, 2d...
do
do
15-25, 3d..
do
do
Philadelphia 6(1, old
106
106
.
M.. 7b.
92>,
Kallroad Stocks.
93
do
do
do
Boston, H. A Erie, 1 at mort. 7b
do
do
guaranteed
Ce du F»1U A MlDB. lit M,
Detroit, Lansing
92K American Cent al 8 per cent..
Atchison A iNebraskaS p. e....
Kan. C, St. Jo. A C. B. 8 p. c.
Conn. Western Ist m, 78
Mo., Kan. A Texas, 7
Marietta
»ew York A N. Haven 6s
Monttcello A P. Jervis7s,gold
Grand River Valley, 8b
Chic A Mich. Lake, S., 8b
St. L.
92)4
l'-'6)i
.
98 >i
95
Consolidated
2d
do
Dub. & Slonx <!.. iBt M
Peninsula l8t Mort., conv. ...
St. L. & Iron Mountain. 1st M.
Mil. A St. Paul, Ist Mort. 8s..
45
87
IstM., 10s
,
97)4
S3
100
82)4
)
RR.S's
8 p. c.
do
do
Mo. R., ft., 8. A (Julf stock.
Ist. M, 106
do
do
do
2d M., lOs
do
Leav Law. A Gal., stock
IstM., 10b..
do
do
do
do
Jo
o
oo
do
A In.
Detroit, Hillsdale
St. Jo.
Mlfis.,lst Morti^age,...
do
100
111. Grand Trink
f
82 >«
Chic, Dub. AMinn.. 8s..
Peoria A Hannibal R 8's.
96H
97
Chicago A Iowa P.. 8'b...
Omaha A Southwestern RR. S's 90
-
2dMort
SdMort
4lh Mort
do
do
[
100
93)4
Gold
A Newport Bds, 6,
Cln.,
80
83>4
& M. (in Neb.) iBt conv..
Quincy A Palmyra, 88,
Kansas City A C., 10s
> 8 p. c.
do
do
52)4
93«
do
68, '96
78, '97
'93
68. p. b., '9€
do
do
do Bonds, 7, 1877..
Rutland, new, 7
Verm't Cen., Ist M., cons., 7, '86 66
20
do 2d Mort., 7, 1891
85
Vermont A Can., new. 8
Vermont & Mass., Ist M., 6, '83,
150"
Boston A Albany stock
UO
Boston A Lowell stock
i35
Boston A Maine
153
Boston A Providence
•
87
112)4
BAI.TIMOKE.
A Erie, 1st M
do
95
102
m.
(10
Lehigl. Navigation
101)4
do
Burl.
eq't bdB
Pitts., ConBol. S. F'd.
do
do
do
do
do
Carthage & But,
Dixon, Peoria & Hnn., Ss.
0.0. & Fox R. Valley 8b.
Quincy A: Warsaw, 88 ...
.
i'iH
W.S; Chic, IstM...
do
2d Mort
3d Mort.
do
do
do
do
Alton
do
do
Hartford
95
95
95
95
ICO
St. Paul.
IISK
BOSTON.
Old Col.
03X
-
Portland 68, building loan
Uurlington A Mo. L. G., 7
Cheshire, 6
Cln., San. A Clev., Ist M., 7, '6!.
Eastern Mass.. conv.. 6, 1874...
Southern Minn. Ss
Dea Moines Valley PB of 1857... so"
do Land Grant 40
do
Louisiana A Mo. Riv. 1st m. 7a fSi
m
Clcve.
m
90
68
A Lake
1st
do
^Tew Hampshire, 68
Veraiont 6s
Massachusetts 68, Currency...
68 Gold, 1876...
do
Ogdensburg
!2X
102K
'17.
iB
WlImlng.Allead..lstM..7,19«l
do 2d Mort. 1902
do
Pitts., Cin- » St- LoulB 78
Reading Coal A Iron deb- bmort- bdo
do
CANAL BOKD8Chesftpeake A Dela- 6b. "8?....
Delaware Division 68. '7-*
2>i
5s,
Lewlsttn
do
do
Central Coal
Maine
m. ",
frl.. let
Weel(^rnPcnn.68,
do Ss.gold
Chicago Sewerage is
Municipal 78
do
,
H
*%
ef.
do
Boston 6b.
1
H
95 X
ad Molt...
Pacific
^
S4
83 K
& Paclflc RR. 6'8 gld.
Cen RR. of Iowa. Ist M, 7's gld
2d M, 7'B, gld
do
Ss.
Indianapolis, B. & W. 2d
New Jersey Midland7s, gold.
& Chic 78, gld
Evansvllle, T
Ellzabetlitown & Padu. 88 con
Evansvllle,
& Nashv.lst 7s
European & North Am. 6s, gld
p
&
WH
-s-s
do
l-nnf—r\-*
TruBtees certil...
10
Atlantic
m
n'A
96 >.
lUU
Ohlc. U. island *
Morris & Essex, 1st Men
103X
2d Mort
do
do
9:m
Mew Jersey Central, iBt M., n.
do
do
2d Mort.
New Jersey Southern iBt 7a
do
do
do
do
do
^s,
«2>4
iO
conv- 78, '90
deb. bonds, '93
g. m. 78, c, 1910
Warren A F- l8tm-78, 'Wl
Wist ChcBtercons. :s, '91
West .lersey 68. 'SS
t)ulck8ilver prelerred
New
do
Hunbury
Atlantic Mall Stearofhlp....
-Mariposa Gold
78, gold
apids & Minn. 7s, gld
Connecticut Valley 7s, gold...
Montchur 7s, gold
Chic, Danv. & Vincen 8 "s, gld
.
fltts., Fl.
Kan. C. A Northern pref
South Side, L. I
Toledo, Wab A Western, pref.
Canton Co
Delaware A Hudson Canal...
Inc. Bonds, 7, No. 16.
do
No.ll
do
do
Denver Paclflc RR & Tel 78.
Oregon. 6*8, gld.,
California
Bur., C.
100
do
IstM.StLdiv.
do
2d Mort
do
Kquip. BdB
ConB. Convert.
do
Hannibal & NaptPB IstM
Great Western, 1st M.,1R8U
2dM. 1893....
do
8ulncT & Tol., Ist M.. 1890.. ..
1. * So. Iowa, Ist Mort
Galena & Chicago Extended
do
S^
WalklU Vallev
Iowa Midland, 1st raort.,8s...
Uaii.& &t. .Jo. Land Urants...
do convertible
do
&
Ills, 7'B
Detroit Clty,7'8
St. Joseph, Mo, 7b
88'
Mis-^ourl Pac.,68. gold
Atchison* P. Pi, 6b gold .... 65
California Pac. RK. 7'8, gld.
97
Central Paclflc. 7'8, 1882, gold
State Aids, 7*8
do
Western Paclflc, 6s, gold
Kansas Pacificist M., (gold) 7.
IstM.(gld) 6, J.
do
IstM. (gld) 6, F. &A.
do
1st M.(Leav.Br)7, cur
do
Land Gr. M., 7, lS80.
do
.
79>,
75>»
78..
Alton &T.H.,lBtM
do 2d M.pref
do
do 2d M. income..
do
Chic. * N. Western S. Fund..
do
Int. Bondfi
do
do Consol. bds
do
do
Kxtn. BdB
do
do
Ist Mort..
do
Lick.
7'8
Cbl. & Southeastern RK.7'8...
Del., Lac. & West., conv. la.
Peor'a. Pcbin & J. Ist m, gold
86X
Illinois Central 7 p. ct., 1875... 105
Bellev'le 4 8.111s. R. IstM. 8'8. 98
I);d.,
90
9T
94
99
m%
reg...
6S. g-,19:0..
Phlla. A Snnbury ist ra.7B....
Plill.,Wllm. A Bal-,68,'84
Consolidated Coal
Cumberland Coal and Iron...
Maryland Coal
N. J. Land Improvement Co..
Pennsylvania Coal
Spring Mountain Coal
Wilkesbarre Coal
95y
.
I'Ji'
pref.
American Coal
Boston Water Power
102 H
84
.
let in.fs, '97
do
do
do
do
do
do
miscellaneous Stocks
.
80X
reg.
do
28K Warren
«fe
97>i
do
2dM.,6,l(»;6....
do
Phila.
93)4
St. L.,
—
80
82
gen- m., conv. 1910
AErlelstm.68, '81
2d m. 7b, '88...
Philadelphia A Reading 6s, '80
Mississippi, preterred
St.LonlBft Iron Mountain..
100
82)4
'88.
OiIOfCkli-tm-78, '82
Pern. A Hlsht8town7B, '89-..
Penn A N. Y. Canal 7s, W-lSOe
do
Pcrkiomen
ecrip
Bo8t (Stonlngt.)
do
Ask
Northern Central 2d m, 6b, '85.
do
do 2d m, g. 68, 1900
do
do 2d m. 6b. 19(0..
North Penn. l8tm,68, 86
iOOX
do
2d m. 7b, '96...do
10s- chat, m.,";
do
do
do
W. A Chicgnsr..
special.
do
Rensselaer A Saratoga
Rome, Watertown A (Igdens.
St. Louis, Alton A T. Haute.
St. Jos& Di-nvcrR.D.,8B,gold
Danville & Urbana. Ist, 7s gld.
97 X
& West, 1st, 7b gld
lit!
lOiH Indianapolis
St. L.. & St. Joseph. iBt. 6s, gld
iOu'A !02
Lake Sup. & Mlas. 1st 7'8, gld.
96>4
Rockfor'l.R.I.ft St. L. -s.jtld
98
97" 9-M Peoria & Rk. I. RR,Ts, gold..
Port Huron & L Mich. RR. 7,8
95
7'8, end
do
do
96k 97
Southern Paciflc RR. 6'8,gold.
lot''
A
Bid.
PonnBylv8nlB,l6t M.,6,l'-80... loo^
Ft
do
*D
99>4
Con. reg. bonds^...
do
do
«
1-J6
91
Pitts.,
Cleveland, Ohio, 6's various..
do
do 7*8 various..
Cook County,
A
Ohio
.
Hud. R. 78, 2d M.S. K. 1885
7s, SdMort., 1875
do
Harlem, IBt Mortgage 78
do Con.M.& S^kgl"d68.
Albany & Susqh'a, Ist Donds..
do
2d do ..
do
do
3d do ..
do
Mich. Cent., 1st M. 8b, 1882
Chic, Bur. & Q. 8 p. c. 1st M..
Iflch. So. 7 per ct. 2d Mort
Mloh.S.&N
N.Y., ProT.
ChicaK06's
68, BubBcrlptlon.
7b. 1876
78, conv. 1876....
&
do
8TOOKS AND BXCUBITIXB
OllCreekAAI.R., oon.7B,
Cln., iBt preferred
New York A New Haven
at
Cincinnati 7-30'B
1883
68,1887
6b, real estate...
Buff. N. T.
7b
131)4
-
do
do 2d pref.
Morris A Essex
Mo., Kansas A T
New Jersey
New Jersey Southern.
the N. Y. Board.
i06>j
A
Marietta
M.
Bonds not t(uoted
scrip,.
Long Island
—
6e,188S
do
do
7b, 1878
Hew York Bounty, reg
do cou
do
«8,Canal,1873
no
1874,
do
do
68,
1875..
6B, do
do
1877..
6b, do
do
1878..
6b,
do
do
1874.
58. do
do
do
do
do
do
do
do
M
do
Illinois Central
Pekin. Lincoln & Decatur IstM
Han. & Cent. Mi-souri 1st M,,
Cin., Lafayette & Chic. Ist M.
Del. & Hudson Canal Ist M
Atlantic & Great West. Ist M.
do
2dM..
do
108« Morris & Essex 7» of 1871
98X
N. Y,,Newrrt &. London Tel..
Tol.. Peoria & Warsaw UK
G»lve8ton, H. & H ,78, cold.'71
WarLoan
do
Indiana 5b
HIOilKan 68,1873...
68,1878..
do
Y. Central 68,
ist
A N. Haven
93M .lolietA Chicago
M8
M, gid. L S &
Mil. Ss, iBt
LHfayette. Bl'n & Miss, ist
do
LaCrosee*
Bid. Ask.
pref.
Hartford
do
...
St. Peters, Ist
Nashville & Decatur Is' M.7b..
'". C. C. & Ind'B 1st M, Tb, S. F.
Kansas Pacitlc Inc. 78. No. 16..
CIn. * Sp'd l8t M, irld. i; C C & I
1875
68,1881
«8, 1886
...
Hcntucky 68
Illluots canal bonds, 1870
do
6b coupon. '7T
do
187»
do
N
Harlem
97)4
7s.
M
Winona *
Island 6s
t>8,
Dockftlm.Co. I.IM
Sinking Fund..
do
Morris & Essex, convertible...
do
do conatrucllon.
Jefferson KK, Ist Mort. bonds.
E. Tenn., Va. & Ga., IBl M.,7b.
Xi%
STOCKS AKD BI011BITIXS.
Bid. Ask.
I>oug Inland KH 1st M. 76
St. L. Jacksonville & Ohlc, lot
SouthSide, L.I, let Mort. 78..
State Bonds.
Han.
Ji
West. Union Tel., Ist mort.
Bonds qnoted before.)
66
STOCKS AHD SXOUBITUS.
Bid. Ask,
(Souttiern quoted previously.)
do
do
fSeptember 14, 1872.
lists.
NEW YORK.
Oliio
.
and bonds are quoted on a previous paeo and not repeated here. In Ne^v York, prices
per cent value, ivbatever the par may be. "Soutjieru Securities " and N. If. " Local Securities"
arequutcd in separate
do
..
active •tocks
represent
Bhodc
HX
.
GENERAL QUOTATIONS OP STOCKS AND BONDS.
Tbe most
Mlseo uri
.
THE CHRONICLE.
352
Ctr. 8.
—
;
,. . ... ...
108
'103)4
Long Bonds
do
68,
6s,
Jo
Water 6b, gold
Short
do
:<5
40
79),
80)i
90
92)4
101
do
do (new)
do
Park 6s gold .......
do
Sewer SpeclalTax 68
do
7s
IstM.
Missouri,
North
2d M.7B
do
8d M. 7s....
do
99
97
92
92
50
Paclflc (of Mo,) lstM.,gld,6s.
KansaB Pacific stock
i.9
UlMuurl Pauiuc do..-
ISX
90
ISX
ica
Septembet
Hailwoa
RAlIiBOAD FINANCES.
week
features of the
till
Monday, the 16th
Rffents, state
ill
Messrs. Fisk
inat.
in
&
353
their notice on another page that they
have pre
we refer elsewhere
through business as well as for coal
the bonds now offered, it is well known to
the Ohio River in the coming November, and
to its prospects for general
In
traffic.
regwd
to
most of our readers that the loan was originally placed in the
market at 90, and successively advanced to 94, which has been
the agent's price for some months past.
A new loan, not previously noticed in this column, is offered by
Messrs. Winslow, Lanier & Co., viz. the first mortgage seven pej
cent, gold bonds of the Cincinnati, Richmond and Fort Wayne
Railroad. In addition to the security by mortgage, tliese bonds
have a strong point in the support given to the road by three
other companies, the Grand Rapids and Indiana, the Pennsylvania
Company, and the Cincinnati, Hamilton and Dayton, as all these
have a traffic agreement with the Cincinnati, Richmond and Fort
Wayne road, and also endorse the bonds. The price at which
they are offered being 93^ would certainly seem to be reasonably low under these circumstances.
There has hardly been a lime when our market was more
abundantly supplied with the bonds of progressing railroad enterprises, and at prices which can not be objected to.
The inducement for holders of Government bonds to sell, and place their
money In railroad securities is certainly very great, though the
decline in Governments within the past few weeks renders the
exchange less profitable at the present moment than it would
have been previously. The fact, however, that railroad bonds
will pay a much better interest than Governments is well known,
and a mere fluctuation of one or two per cent in United States
bonds should have but little effect. As the number of loans on
our market increases, the care exercised by investors in their
selections should also be increased for amid the numerous sound
bonds offered, there would seem to be little excuse for purchasing
any securities that are without a good foundation to rest upon.
:
—
—
and Railroad OoiidM on
IWl.
1971
$S«,)in« 00
$%y7.4e« 84
37B,M«0«
frelglu.
oxpruss
mail
3«»,«1» 41
20,750 08
84,2.36
18,80000
18,800 00
M
$667,639 07
(638,649
St
Expenses,
viz.
Conducting tranap
(197,2*0 31
Mbtive|>o*cr
Maintenance ol way
Maintenance of cars
(210,901 4t
131.D81 no
144,526 BS
33,'J4I 03
(404,293 H2
(1 14,355 22
rS17.4irSl
14S,718
34,963 72
:
.:
Leaving act Income
The extension
W
116.48603
;.....
viously sold $14,489,600 of the loan, and have repurchased and
taken in exchange $2,413,300, leaving the balance now subject to
proposals $2,923,700. Tlie road is expected to be completed to
from
:
new bondg has
Ilatbh, the financial
receipts
operations of this road for the ^ears ending April 30, 1871 a<ld
1873, were as follows
"
"
been the ofifering of the balance of the $15,000,000 loan of the
Chesapeake and Ohio Kailroad, to be bid for under sealed propo.
sals
:
From passcngerg
INVESTinKNTS.
of the principal
:
mobile and MdntBoinery Rallrtiad. — The
illonitor.
LATEST IIVTBI^LICENCB OF STATE, CITY AND
One
:
THE CHRONICLK
14, 1872.]
®l)e
:
:
.
150,134 28
Mobile was not opened for use as soon as it
was promised, and although the trains commenced running over
the new work early in March, it was not considered safe to rely
entirely on it and discontinue the boat service between Tensaa
and Mobile until late in the month, and the use of the extension
as to its effects upon the income of the road may be dated from
the Ist of April. It is gratifying to be enabled to repoit that the
receipts for the two months that it has been in use show an in
crease of $15,000 upon the same month of last year, and a decrease
of the expenses of $12,000.
Taking up the previous reports made to you, beginning with
the report made for the year endinR 30th April, 1809, one yeftf
after the consolidation, and you will find that there jas been expended in the reconstruction of the road between Montgomery
and Tensas
From
to
30th April, 1869. up to Sflth April, 1872
increase of outfit and machmcry
(644,836 35
.151,400 47
And an
Making
a total of
And on Mobile Extension and purchase
$966,2.36 82
1,171.411 95
of property
M.aking a total amount expended
Which has bcou provided for by sale of bonds
(2,107,648 77
1
Leaving a debt of
617,'.t42
SO
(549,706 27
yet to be provided for. To do so the Board of Directors authorized the issue of one million of dollars of second mortgage bonds,
from the proceeds of which this debt will within the year be paid
off.
Upon reference to the general statement ot the condition of
the company, you will find that there Is yet outstanding, which
is a lien on the road, $41,000 of the old first mortgage oonds of
the Mobile and Montgomery Railroad Company, to provide for
which, either by exchange or payment, we hold on hand an equal
amrunt of the new first mortgage bonds, endorsed by the State.
There is, also, yet outstanding of the old debt of the Alabama
and Florida Railroad Company, not a lien on the road, $27,500 of
Bonds issued in 1862 and sold for Confederate money. 300,000 of
these bonds were issued to complete the road and make it available for the purposes of the Confederate Government, and although under the peculiar circumstances of their issue the company could not be made lejjally responsible for their payment, it
was deemed advisable to give for them the preferred stock of the
company, which has been done for $372,500, and leaving yet outstanding, as above stated, $27,500 which will be settled in the
ivlilcli Interest Is paid
lu October, in Neiv Yorlt.
For the convenience of parties purchasing bonds before October 1, we repeat the following list of State, (;ity, and Railroad securities, upon which the semi-annual or quarterly interest is payable
same way.
in October in this city. In buying or selling bonds the periods of
Very important connections of your road, now in progress, will
interest payment are essential to be known, and the table below
be comjileted within the year.
will show at a glance the various bonds which will be sold ex-inThe first of these will be the South and North Alabama Railterest in October.
road, which will, I have no doubt, be completed and in operation
Arkansas State, Railroad 79.
ShcbogiiTi & Fond dn Lac 1st m. 89.
to Decatur by November, giving a line under one control and
Georgia State, gold 7s of 1870.
Sheimugo & Alleghany Ist m. 78.
management from Montgomery to Louisville, Kentucky.
Louisiana State, Kailroad 83.
Syraciis'e & Binirtiamtou l8t ni. 78.
The next to be completed will be the Atlanta and Charlotte Air
Texas 10s of 1871).
Terru Iliiute & Indianapolis lat m. 78.
Chicago South Park 6b.
Troy & Boston 2(1 m. 7s.
Line Railroad, giving the shortest thrrugh line from New Orleans
Cincinnati vVater Bs.
Union Pacific land irrant 78.
and Mobile to New York that will probably be built in many
Columbus City (Ga.) Funding 7a.
Vermont Valley 1st mort, 68 and 78.
years. These two lines completed and in operation must add
Louisville City, Kailroad 08.
do
2d mort. 7b.
do
City Hall 78.
Vineland let mort. 78.
largely to both the passenger and freight business of this road.
State, City
do
Jail 6s.
Cliic.,
New
Orleans Citv, Railroad 6s.
Pittsburg City i'unded Debt.
St. Louis City Water 6s of 1872.
Albany & Susquehanna UK. 2d m. 7s.
Atlantic, Miss. & Ohio RR. Ist m. cons.
Belleville & So. Illinois 1st mort. 8s.
Burlington & Mo. Riv. Income couv. 8b.
Cairo & St. Louis Ist mort 7s.
Cairo & Vincennes 1st mort. 78.
Cedar Falls & Minn. 1st mort.
Central of Iowa 2d mort. 78
Central Pacific gold
&
Chicago
&
IJavton
&
&
Michi^'an
Del.. Lack. <fc
Det.. Lansing
&
West.
.3d
Ist
St. Louis, ilacksonville AChi. l8tm.78.
(Jiiincy Trust m. 7s.
Detroit
Ctiicago
Erie 3d mort. 78.
Erie & Pittsburg. 2d m.
Chicago, Bur.
A
A Canada Southern 1st m. 7b.
Lake Superior & Miss 8d mort 78.
Little Rock. Pine BlnlT A N. O. 7b.
Louisville, Cincinnati A Lex. 2d m. 88.
Louisville A Nashville consol. 78.
A Brunswick 2d mort. 78.
do
do
cquip't78.
Madison A Portage Ist mort. 7«.
Milwaukee A St. Paul 2d mort. 78.
Macon
Monticello A Port Jervis 1st mort. 78.
Morris A Essex gen. mort. guar. 7s.
New Jersey Southern Ist mort. Bs.
New London Northern Ist moit. 69.
N. O. , Jackson A Ot. North. 2d m. 8s.
N. T. Central A Hudson R. 78 of 1871.
New York A New Haven
Ohio
do
A
Ist m. 69.
Mississippi income 7s.
do
2d mort. 78.
Leavenworth, Atch. A N. W. Ist m. 78
Peoria, Pekin A Jacksonville 2d m 78
Pitts. Fort Wayne A Chic Ist m.78 fDl
do
do
Richmond
Selma,
A
Kome
do
do
Tork River
jt
2dm.
7e.[K]
3d m.
Pa.
Dalton gen, m,
7s.
7e.
Dubuquo
mort.
m.
78.
78.
78.
sink.
f.
condition of the
company
.ipril 30, 1873,
Capital stock M. M.
In the name of the Ala. and Fla. RR. not exchanged
In the name of the Mobile and G.N. RR. not exchanged
78.
Preferred 8 per cent, atock
Bonded debt of company
mortgage bonds ,\la. and Fla. RR
Second mortgage bonds Ala. and Fla. RR
First mortgage bonds M. and M. RK
First
Pontiac Ist mort. 78.
Southwestern lat m. 7b.
78.
equipment 78.
Fort Wayne, Jackson & Sag. 2d m. 89.
Grand Kapids & Ind 1st m 7s.
nannibal & St. .Joseph land grant 7s.
Illinois Central fis. and 78.
Tud., Bloom. & Western Ist mort. 7b.
.
Indianapolis & Cincinnati 7e of 1853,
Indianapolis & St. Louis 2d mort 78.
International iBtmort. 79.
Iowa Falls & Siou.K City let mort. 78.
Jefif., Mad. & Indianapolis 1st mort 7s.
7s.
Lackawanna & Bloomsbnrg 2d m. 7s.
Lake Shore & Mich. South, sink. f. 7e.
do
do
consol. 78.
do
do
dir. 7a.
Cleveland, P.
&
A. 3d mort. 78.
Cleveland A Toledo 2d mort.
ButraloA Erie: a.
80 500 00
27,800 00
1,773,200 00
17,500 00
00
41,0
bonds endorsed by Stat* of Alabama
Bonds not secured by mortgage
Bonds endorsed by Directors
Income bonda
60.500 00
2,500,000 00
First mortgage
(8.600 00
27,500 00
do
Istm.
(1,148,.300 00
(2,'"00 00
8b.
&
Jell'ersonville,
was as
LIABIXITIIS,
(1,263.600 00
m.
& Lake M. 1st m.
financial
RR
7e.
78.
1st mort. 79.
St. Paul 1st mort.
The
follows
Great Eastern cou9truc.
Ist mort. 78.
Union & Logansport
C, C. & I. C. consol.
Davenport
7i.
79.
Madison E.Ktension \et mort. 78.
La Croesc & Trempeleau Ist m. lOs.
Iowa Tridland Ist mort. 89.
Cincinnati A Sprinfield 1st m. 79.
Columbus & Hocking Valley Ist m.
Danville, Urb. B. &, Peliin Ist
7b.
Os.
Snn Joaquin Valley 1st mort.
Chicago & Alton liicomc 78.
& Vincennes latm.
Northwestern equip. 78.
Danville
Chicago
79.
WalkiU VaUcy Ist mort. 7s.
Western Alabama 8s.
Wilmington & Western let m. 7 8.10«.
UUnaig & St. Louis Bridge Co. 7>.
36,000 00
Floating debt
Due on open accounts
Due on preferred stock
Bills
payable
(347,783 50
2 1-2 04
519,08100
769.046 54
(6,400,346 54
nieniptals &. Charleston Railroad.— The annual report of
the President and Directors of the Memphis & Charleston road
shows that the gross receipts last year were $1,404,116, and the
operatiuK expenses $950,801, and deducting extraordinary expenses
to the amount of $197,057, the actual net receipts were $250,667.
There was a slight decrease of freight and passenger business
during the year.
Of the decrease in passenger business $9,669 31 is in local, and
inchester & Ala$38 584 35 in through. The receipts of the
bama Railroad $6,527, and McMinnville & Manchester Railroad
$6,816 45, being included in the amount of entire passenger business, serve to reduce the loss to this extent.
W
—
:
.
:
:
THE CHRONICLE.
354
[September
14,
1872
270
There is little reason to doubt that the loss in through business Number of mtles of the joint roads now completed
Number of miles of the joint roads to be done January 1, 1873
186
due mainly to the opening of a competing route, via Selma,
Rome and Dalton Railroad, for Xew Orleans travel, while the Total number of miles expected to be in operation Jan. 1, 1&73
406
80
active competition of the Nashville and Chattanooga and North- Now in progress and to be completed in 1873
The amount of cash means actually expended in the work of
western roads for travel between Memphis and Chattanooga has,
construction and equipment by the joint companies to date, is in
to some extent, reduced our receipts.
The liabilities of the company are $528,315 and the assets round figures $10,000,000.
the
This includes the cost of equipment, i.e., rolling stock for the
$330,517, leavinsr an indebtedness of $197,79ti, but as an offset
company has a claim against tlie State of Tennessee amounting entire mileage of completed road and that exoectud to be comagainst
the
pleted
by the 1st of January next.
to about $90,000, and hopes to recover another claim
This sum has been contributed by subscription to stock and
United States Oovernment lu amount sufficient to pay off the enbonds, nearly the entire amount of the latter having been taken
tire debt without trespassing upon the rental from the Southern
by the stockholders of the two companies, and insured the staSecurity Railway Company.
In accordance with the terms of the lease entered into on March bility and good faith of the enterprise, completely and absolutely
5, 1872, the Southern Railway Security Company, after making a guaranteeing the continuation of the work so well begun.
The portion of our line most replete with engineering difficul
full and complete inventory of the property of the company transferred to it under that agreement, assumed control of the road on ties will have been overcome when the work now in progress is
the first day of J uly last, since which they have been operating it completed."
under the direction of Captain Joseph Jaques, General Manager,
Ell^abetbtown & Padncab Railroad.— President's Rewithout any material change in its organization.
rOKT. To the Stockholders of the Elizabethtown & Paducah
Sontlicrn Pacific Railroad. This enterprise seems to have Railroad The President and Directors herewith submit their fifth
passed through all the inevitable preliminary gtat-es of annual report for the fiscal year ending May 31st, 1872.
Since your last annual meeting eighty-eight miles of the Westmisadventure and delay, and has entered upon a condition of actual and healthful existence.
The various and ern half of your road has been completed, leaving only four miles
of
unfinished track to open your road to Paducah. We ventured
conflicting interests growiag out of the rights and franchises
of the several proposed lines through Texas, known as the Mem- to predict in our annual report of 1871 the completion of your
phis and El Paso, the Trans-Continental, and the Texas Pacific, road in July of the current year, and but for the annoying delay
were merged and ccmaolidated about a year ago under the Presi- in raising a part of the superstructure of the Tennessee river
dency of M. O. Roberts. Since then no step forward was taken bridge, and the nou-arrivril of rails in New Orleans within conuntil recently, when the road passed into the control of Colonel tract time, the hope we then hesitated to express would have been
Tliomas A. Scott. Forthwith a reorganization took place, surveys more than realized, snd to-day the cars would have been running
were begun, and we are now able to state that five hundred miles through Paducah. The rails necessary for the completion of the
of road will be under contract within thirty days, and will be road have been landed at Paducah, and the work on the Tennessee
open to travel before July next. The divisions of the road which river bridge will be completed during the month of Ju'y.
By reference to the secretary's report, it will he seen that of the
were to be completed by the time mentioned, are as follows
First, a division west from Dallas to Fort Worth, a distance of $2,103,000 of mortgage bonds held on June 1st, 1871, only $18,000
155 miles. Second, a branch north from Marshall to Texarkana, remain in the hands of the company.
Of the $1,009,900 of county bonds held at that time, the coma distance of 05 miles. Third, a division from Texarkana west to
pany have paid out to contractors the siiiii of $377,900. holding
Fort Worth, a distance of 224 miles.
here is yet due the company $81,742 42 from indiFrom the above it will be seen that Fort Worth is that point $(i;S2,000.
on the trunk line from which diverge its eastern branches or out- vitlual stockholcers.
The completion of the Owensboro & Russellville Railroad to
lets
one the distinctively southern branch, leading to a connection with the Vicksburg line, and the other tending northwaril the junction of your road, in the month of July, will add, it is
and making a direct connection with Mississippi, Ouachita and believed, largely to the receipts.
SECHETARY AND TRE.VSIIREH'S REPORT.
Red River, and the Cairo and Fulton Railroads at Texarkana, a
$4,689,043 59
point on the western boundary of Arkansas and the western Construction;
Motive power and rolling stock
f
is
—
:
';
;
terminus of these roads.
We understand the Arkansas roads referred to are In a very
forward state, and can be completed by the time the Texas divisions of the Southern Pacific are opened.
The Cairo and Fulton will be opened to Little Rock some time
this Fall. This will leave a gap between Little Rock and Texarkana of only 145 miles, on which, however, no work has yet been
done but the company has abundant means and will unquestionably prosecute the work vigorously to its completion to the Texas
280,513 39
595,668 66
luteicst and discount
Leitchtleld survey
ProfltandlnsB
H.087 85
17,925 41
,
$5,589,318 80
45,750 03
632,000 00
Cash
C nintv bonds on hand
*
N. ItU. stock
Bills receival)lc
L.
$12,207 00
2,456 45
S.l'^S 94
6,030 98
Kcal estate
;
Shop and
line.
fuel stock
26,478
86.213
2.121
81.742
Due by count'es
Due by sundry persons
Due by stockholders.
On
the Mississippi, Ouachita and Red River the work is in a
more advanced state. On this road thirty miles of track are laid,
and eighty-five miles of road are graded, leaving less than fifty
miles of road bed to be graded to make the work continuous to
the starting point of the Southern Pacific Railroad. Daily
.
37
61
78
42
$6,463,624 97
capital stock
First mortgage bonds
Bills
Bulletin.
Due
pajable
Drexel.
Morgan
3.107.a5fl
2,982,1100
118,877
177.632
44.605
2,670
* Co. for rails
00
00
17
20
54
International and Houston ic Great Northern Rallroadu Due contractors (reserve account)
42
of Texas.— Mr. John S. Kennedy, who is Acting President during Due sundry persons
Due Grayson county
789 58
the absence of Mr. Barnes, makes the following statement of the
condition of the work
$8,463,624 91
" In the absence of Mr. Barnes, President of the company, wlio
A. A. Gordon, Sec'y and Treas.
has gone to Europe for a few weeks, I avail myself of this period
Tlic Baltimore and Potomac Railroad.— At a meeting of
marking the termination of the second year of the existence of the stockholders of the Baltimore and
Potomac Railroad, held in
the charter of the International Railroad Company, to furnish
Baltimore on Wednesiay, directors were chosen to serve for the
you precise information respecting the present condition and pro- ensuing year. Subsequently
the new board unanimously re-elected
spective progress of our work.
Hon. Oden Bowie president. The annual report of the President
I shall speak of our work as embracing not only the construcand Directors gives an encouraging account of the condition of
tion of the International Railroad but of the Houston & Great
the road and its freight and pa.ssenger business. With regard to
Northern as well.
the completion of the tunnel tlirough Baltimore, which is neces
Although begun originally under separate charters, and the
sary to perfect the facilities of the road for local and through
work of construction prosecuted under distinct organizations, the travel, the report states
,
:
recent agreement of consolidation entered into by the stockholders
of both companies, has cast their receipts and expenditures into
joint account, and made their interests one and indivisible.
They are managed by a joint board composed of the directors
of both companies.
At this date the number of miles of road completed and in
operation is as follows
as.surance that
Total completed
In process of construction
By
By
the International
the Houston
Grest Northern
&
Total in progress
Total anished andin progress
i
Tlio National Railroad of Ne»v Jersey.— A Philadelphia
September 3, states The great injunction case against
tlie National Railroad Company, which lias been argued here tor
two days, was virtually settled to day us follows
Judge Sharswood made the following suggestions If I refuse
this injunction you would have to wait for a final decree, and the
probaliility is that you would aot get an appeal Irom that decree
before the Supreme Court for fiual decision before February or
March next. If I grant the injunction you can have the case
decided by the court in banco by the first or second weak in October, because the appeal from the preliminary injunction goes to
the next court whenever it is sitting. I only throw this out for
your consideration, whether it would not be better to let the injunction go jjro/orOTa and have the appeal taken at once to the
100
66
"
"
"
166
•'
436
"
Of the International's track in progress, 70 miles are four-fifths
complete and will be in operation January 1, 1873. carrying our
track to Longview, the point of junction with the Texas & Pacific
Supreme Court.
Railroad.
Of the Houston & Great Northern in progress the entire 66
miles are three-fourths finislied, and will be in operation Decern
her 1, 1872, intersecting ihf International Railroad at Palestipe,
and carrying the track to Tyler, Smith County.
;
;
110 milee.
160
S70
that the contractor, Mr. Rutter, gives
will be complet»-d in April next.
'
dispatcli of
:
Of tlie International
Of the Houston & Great Northern
it
j
j
'
After consultation the counsel for the defendants statad that
they were willing to accept the suggestion of the Court, provided
that the injunction was merely pro forma, and appl ed only to the
negotiation of the loan and not to the building of the road, for
the latter would render them liable in damagf s to the contractors.
Mr. Miller rather demurred to this, as lie sfiid the work on the
road was the main point of the case.
—
—
September
THE CHRONICLR
14, 1872./
Judge Sharswood said that from the first he had grave doubts
as to whether he could stop the work in New Jersey ; and if such
an injunction were granted he would require security in the sum
of $200,000 or $300,000. This seemed to settle the maiter. By
the act of 186G, if the injunction had bee > refused, there would
have been no appeal to the next court in baiiM.
,
and Montreal Railway
concerned, for that line will not be comare unnble to say wht-n ihe Central
Underground road (old charter of 1868) which is now in the interest of the New York, Boston and Montreal, will be begun. The
contract which the Erie directors affiimed does not involve any
outlay of money on their part, the nrrangcmeiit, as we understand it, bHng (or an interchange of trsffic with the New York,
Boston and Montreal, when completed. Eccning I'utt.
pleted
S«. I.oul» Brldice.-A telegram from St. Louis, dated August
30, stated that " the first skowback of the Illinois & St. Louis bridge
was p ppropriately set today, and preparations made to place the
others in place. Each skewback ban one section of the arch tube
Alabama and Chattanooga Railroad.— A despatch from
\ya8hington to the Evening Post, dated September 12, states
" The Alabama and Chattanooga Kailroad
has again passed into
the possession of Colonel J. C. Stanton, of Boston. The road,
which could not meet its indebtedness several years ago, was
sold at bankrupt sale, and purchased by the State of Alabama for
three hundred and twelve thousand dollars. The trustees of the
first mortgage bonds have pa'd to the State this amount, and
the
road has passed into the hands of its former owners. Lewis Rice,
of Boston, and Judge Horaldson, of Alabama, have been appointed
:
to the Directors with full power.
Long Inland Railroad.— TIih new route
of the Long Island Railroad, has attracted
much attention, and its friends believe its success is already assured. It is particularly desirable for residents of Bnniklyn, who
can thus avoid the long and tedious journey to New Yoik.
After leaving Jamaica but two stops are made before arriving in
To Boston by
to
receivers."
;
;
;
The misfortune
to the public is that this competition cannot be
far as the
York, Boston
brought into play within a year, so
Atlan
—
&a w.
ic
1871.
(S85 m.)
»430,48i)
340,616
395,764
360.916
371,375
369,010
.374.233
410,606
1871.
(511 m.)
|351,."(4a
324,210
372,397
$281,108
316,a36
342,896
$353,235
342,369
384,999
393,2.34
f.348, 0.39
435,544
435,591
417,903
472,110
408,6^6
i,408,658
388,964
461.290
468,097
381,644
440,457
4.35,192
.
5.33,655
482,987
572,332
.July..
.Aug....
St. Jo.
1
s418,709
i 506,680
-^475,608
441,197
(404,263
534,163
507,617
473.227
j 455,608
1 377,687
4,849,404
5,278,910
$169,396
179,964
293,436
164,781
214,.302
lfl8..3.'J6
2.37,.'>60
187,361
170,524
172,.%7
217,319
2.36,199
291,815
297,243
301,913
252,497
175,401
1,076,112
1,312,617
1,217,:139
1,190,03:!
1,140,916
1,130,847
1,251,511
1,470,048
1,521,518
1,474,467
1,311,110
1,204,443
1,440,8/3
1872.
(471 m.)
2.54,819
2.36,341
2.38,8-23
319,964
385,416
284.732
.327.404
?7.5,-351
286,6:i7
987.540
S29.270
265.406
315,699
$59,815
58,925
71,570
6.5,207
77,642
7.5,.3!>2
77,975
93,211
100,168
9(i,330
1,34.5,316
95,787
92,161
14 797.97S
Mo.^
1871.
(205 m.)
1,402,597
1,235,285
--Pacific Of
$218,735
1872.
m.) (1,074 m.)
1,295,.369
1,.368,948
2,902,804
1871.
(355 m.)
1871.
(1,074
$150,497 $1,082,.')95 $1,27(1,150
250,061
Tol.,P.ft
1871.
(219 m.)
$79,%!l
71,74.3
182,055
7li,9.58
178,68.5
187,'-25
74,717
94,709
180,78(i
8«i.860
181,240
194,150
335,103
129,590
117,664
114,786
118,016
131,489
141,165
175,792
154,427
93,268
94,637
104,545
94,907
100,831
?W5.t4
1GB,6('6
364128
870,6.54
Post.
—
It has been decided by the Governing Committee of the
Stock Exchange that the hours of business shall hereafter be tbe
same as during the past summer, to wit opening at 10 o'clock
A. M., and closing at 4 o'clock, P. M.,on all days except Saturday,
when the hour for closing will be 3 o'clock. The Governing
Committee reserve the power of extending the hour of closing in
case of an emergency. This shortening ot the time of business is
very sensible, as it gives ample time for all the business at the
:
^^
Exchange.
—The
Philadelphia and Erie Railroad Company have disposed of their interest in the Oil Creek and Alleghany River Railway Company to the Alleghany Valley Railroad Company.
1871.
imn m.)
.Jan...
Feb...
.Mar...
.378,021
.Oct.. .,
.Nov....
.Deo....
(536,499
485,490
614,447
720,929
892,341
795,176
869,297
1,006,373
995,922
981,006
897,234
672,358
.Year..
9,467,072
April.
.May..
Jnne.
.Sept...,
IW804
1871.
(1109 m.)
$624,744
529,617
563,598
620,228
713,162
718,722
707,992
.
.
.
.
100,860.
July...
•Ang.
..
8:16,041
Sept....
890,287
.Oct....
.Nov....
75.3,184
.
592,223
571,886
875,762
949,598
1,.322,T!5
1,222,140
1,175.295
1,288,297
.Year
St Louis,
1872.
1871.
.
Jan
(5.30 »n.)
...
Feb...
.Mar.
.
April.
.may..,
.June..
1872.,
(1109 m.)
642,466
657,068
572,175
647,988
6-36,373
641,410
616,680
76:i,256
246;
30.3,978
211,.581
2.36,586
.Sept....
.Oct....
.Nov....
.Dec...-.
.!S««r..
1872.
(530 m,)
$239,380
904,684
.320,831
280,698
277,406
288,775
319,069
366,227
^ ^Kansas
1872.
(390 m.)
327,.W8
-Er e-
Pacific^
1871.
(672 m.)
13.3,673
1872.
(672 m.)
189,606
1871.
(846 ro.)
$1,055,469
971,193
1,201,500
318,627
354,766
152.864
267.411
300,783
3«6,%0
.30^,915
359. S75
1,25.3,955
378.493
326,43*
330,970
404,286
306,944
266,086
282,793
3«2,555
368,338
399,500
290,230
910,197
a34,285
315 363
1,443.372
l,498,4iM
1,790,078
1,861.551
1,794,397
Hiehicas Cent.
Uil.
*St
1871.
(569 m.)
1872.
(669 m.)
$418,755
442,665
486,990
470, 7a3
480,847
427,096
422,015
529,890
628,660
582,802
587,484
507,050
505, .586
$396,760
484,022
65a 533
607,678
.327,431
l!ll,738
.321,774
349,382
59.3,»K«1
6"2..3«7
1871.
no
$143,468
194,810
279,850
154.697
140,302
280,0.3)
1.34,390
296,820
287,922
336,536
15it,M4
163,671
17.'.,107
188.449
186,489
162,616
102,996
1,876,639
400,149
483 884
505,314
668 018
481,113
506,!;57
460,985
387,.'^
426,192
471,188
580,439
69(,769
488,319
565,728
815,346
841,160
644,696
473.995
6,690,696
8t.L.A. ftT H.
(982 m.)
Paul.
1879.
1871.
(1,018 m.) (1 ,018 m.)
605 808
6,939.602
KC &N.
199,120
234,057
229,461
924.342
..
Aug.
$272,826
273,752
Cin.A I
1879.
(914 m.
1,335,146
1,270,096
1,391,564
1,596,598
1,729,911
l,4tv3.963
1 .550,023
1,525,343
3,865.076
$191,789
July...
m.)
391,846
856,109
327,926
8,401,149
..
Wars'w.
Col,
1871.
(.390
38-5,281
755,436
688,131
.Dec...
(248 m.)
108,188
100,439
105,456
102,191
117,904
91.522
90.070
127,862
— ^Clev.
1872.
(1,050 m.)
lUino^i Central.
1872.
(205 m.)
105,076 -Jan....
99,441 .Feb....
109.830 -Mar....
114,842 -April..
125,286 ...may. ..
100 868...June..
964,193
&
St. L.
Iron Ht.
1871.
1872.
(210 m.) (210 m.)
$12t..218
17.3,707
122,-372
156,292
144,6;J7
295,160
269,559
1872.
(600 m.)
372,316
329,171
Lake Shore &H.S. Ind. Bl.* Western.
1871.
1872.
(275 m.) (275 m.)
tbe
way
Greenport, namely, Farniingdale and Hiverhead. The time of
this run of ninety-six miles is three hours and twenty minutes.
The road is in good order, so that the run is made easily'. Palace
and first-class ears compose the train, and the charge for the
former is only fifty cents for each person.
The sail across the sound is made on the steamer " Maginta,"
and is twenty-four miles, requiring one hour and a half. At the
same time that the steamer arrives at New London tlie traiu from
Boston comes in, and the passengers for New York and Brooklyn
are at once taken to Greenport. The passengers lor Boston take
the cars of the Boston, Hartford and Erie Railroad, which also
runs to and connects with other places in the Eastern States.
After a pleasant ride of 108 miles, passengers arrive in Boston
shortly alter five o'clock, having made the run in nine hours and
a few minutes. The fare is $5, being $1 less than by the other
lailroad routes, and the same as the steamboat routes. Evening
-Central Pacific
1870.
(431 m.)
I
&
Boston, by
MONTHLY EARNINGS OF PRINCIPAL RAILROADS.
Chicatro and Alton
1872.
(586 m.>
2497,519
H«ii.
New
is
We
time.
less
Conncctloiit River Rallroad.-A meeting of the stockholdcompany was held in Boston on the 3d inst., for the
purpose of voting npon the acceptance of certain acta of the last
Legislature which authorize said road to lease that portion o( the
Vermont & Massachusetts Railroad lying In the Slate of Vermont,
and to issue stock or guarantee bonds of any other road to the
amount of $200,000 for the purpose of extending their line through
Vermont and New Hampshire, also to sec ire a right of way over
any of the connecting roads in the State of Vermont, and authorizes the company to increase their capital stock to $300,000. These
acts were accepted by a unanimous vote, and the matter referred
in transit."
Krlo Ralln'ay and New York, RoRton and lUoutreal,
the meeting of the directors of the Erie Railroad Company
on Tuesday afternoon, at the law offices of Mr. S. L. M. Barlow, a
contract providing for traffic arrangements for fifty years with
the New York, Boston and Montreal Railway Company was ratified.
This is a new company, which owns or controls the new
line of road running from this city to Brewster's Station, and
commonly known aa the Lake Mahopac line also, the iine running from Fishkill to Millerton also, the line running from
Chatham Four Corners to Rutland, Vt. In order to make this
line continuous, a link of fifteen miles will have to be built from
Brewster's Station to a point on the road from Fishkill to Millerton nearly due east of Poughkeepsie also, a link of thirty miles
from Chatham Four Corners south to Pine Plains. At least this
is as has been pointed out to us on the company's map by an offi
cer of the company.
With the construction of this forty-five
miles of road, which we are told will be completed in a year, the
line will be continuous from New York to Rutland.
From Rutland to Montreal the road of the Rutland and Burlington will be
used. The Boston connection will be by the way of the Boston,
Hartford and Erie road. This traces the main connections of the
road. The road will come into New York by the Central Underground (chartered in 1868) and which forms the opposition line to
the Vanderbilt Underground road. The main line of the New
York, Boston and Montreal road runs midway between the Harlem road and the old Hudson River road (now consolidated with
the New York Central). So that the entire scheme is in direct
opposition to the Vanderbilt roads both in and out of the city.
in
ers of this
attached. They are of forged iron, and, with the section of steel
tubing, weigh about six tons each. The entire masonry of the
bridge will be finished by the Ist of October. A considerable
portion of the saperstructure has arrived, and a large amount is
—At
355
1872.
(289 m.)
158,198
140,471
166,969
164.641
147,540
149,832
130.146
167.496
1871.
<a»,tT4
398,791
393,456
44.3,610
4.M,009
439,515
553,994
552,079
563,816
600,906
681,080
516,934
6,736,665
126,307
143,123
117,060
119,6.50
122. 2S2
119,838
142,322
166.091
169.339
178.954
167,897
(t
Cin
1879.
,
(981m-)
159,678
149,407
160,784
146,868
158,718
154.687
14',660
169,691
1,690,968
Toledo. Wab -AW.
(628 m.)
Mariett f
1871.
(961 m.1
$131,1 64
1879.
— Union Paeifle
1871.
-r
1879
(628 m.) (1038 m.)
(1,a38 m.1
4.'W,780 $479,67>
.373,9*4
973,936
634,116
566,861
741,802
890.442
431,949
460,648
447.313
510, 7D2
46«.giaj
432.066
614,176
499,899
604,2<7
724.46«
728.174
673,693
681,865
800.402
777,869
708.142
469,399
7 .591,14<
S-S8,459
743,.383
—
Friday Niaax,
(September 14, 1872.
the exports of leading antcles from the port of New York since
1, 1873, to all the principal foreign countries, and also th«
totals for the last week, and since January 1.
The last two lines
show total values, including the value of all other articles besideii
those mentioned in the table.
January
Sept. 13. 1872.
has been a good degree of activity in trade circles
duiing the past weei<, and, in
opened with much
the wants of the
fact,
spirit.
the " season"
may be
Payments are
said
pfotnpt,
af
(O
country are large, and within a certain
limit consumers are in funds to purchase.
Uniformly conducted
on a safe basis;
Business
even
is alratist
speculative
managed with unusual regard to safety, so that
failures have little effect beyond those immediately
interested.
And
yet the safety with which business
is
con-
W (W
t'?
t-
52
o
S
EH
operations are
isolated
«
-
Kxport* of IjeadlUK Artleles l°roiii neiv York.
The following table, compiled troiu Custom House returns, shows
Commercial 5timc0.
COMMERCIAL TpITOMeT
^\)t
to have
1
tHE CHRONICLE.
35B
There
;
.
do
HP
o TO * t~ C5^* iO_co -n
i£i<j)
•->
-> TT to
o
a*
f
ducted demonstrates that oi;r marliets will not bear crowd-
|5
rt
.-, T-«
55
.
.-^
iS
W—
;
-^:0 MOOtT. o<?»w*-«»owi
aiot«o
go
<3J
ing; thare is nothing in the situation to encourage an effort
at overtrading.
Cotton has materially declined, middling Uplands closing
Rreadstufla Lave been variable ; lluur closes at
at 2l^e.
«
o&-*cno
wi
<i;
;
'—'re.
—
Oi in ss a:
-~^eo
--e
— SO
T^
f O'
iO»0
<ooo
CO>f>
$7®'? 50 for shipping extras, wheat at $1 58@1 63 fur
hew No. 2 Spring, and corn at O-S^^c. for prime Western
tn
r-iic-H<M
TO
CO
mixtd afloat. Groceries have b<^en rather quiet, excfpt in
CC -^
Suirars, which have sold largely at rt slight advance in prices.
Provisions have been inactive, and in hog products prices
0;*f«D -CiO^ »->«•(»
iP'-^S
*?o
t- O
1- ^
m iw ^- o*
have shown very little vari.ition. Speculation has bee"
1-.^
•OCO
^
00 at
dormant, and purchases on shippers' account for future
5t5
delivery, have been greatly curtailed.
Still the movement
O) Of O •00'P»
has been sufficient to absorb current production, and there
eteo
•QO
OS -t-^
gSn
has been no pressure to sell.
A demand from the South
has, in fact, slightly improved the market for ribbed meats
tn
00
»» so t- 1"
as well as for hams and shoulders.
In beef the demand has
in
to «» somoSScfl tn WOT
».-<
-I to
o
been more active for shipment, favored by some advance in
Si's co^s"
s
o* a»
foreign markets.
Butter has also bsen doing better, but
o
cheese has remained quiet. To-day new mess pork sold at
^' P? T
^
s*i:"«=!^
ssg -eoei'Tta^ .s •;0»0t- CC t-Oif.
»»
su:
si
$14 for October delivery ; lard, 9@9 S-lOc. for prime steam,
rH
VCQ
i4
new and old. Bacon nominal at 8|c. for long clear, Septem
ber and October. Beet more active at firm prices. Butter,
.3'Tf'
27@.30c. lor good to fine State; medium Ohio, 15@l(>c.
o e* t- -com O) «o t- ao CO v CO o ^ co ^^
.c»oo
Cheese was steady ; prime to choice factories, 12^@13|o.
Freights have been only moderately active, but owing to
the limited amount of room on the berth rates by sail have
<3
—CO
D
—*aooo -o^
03 M
-oo(further advanced ; 9^@10d. being paid by sail, and 10@
"
S So
10|d. by steam to Liverpool ; vessels to Cork for orders have
Mo
realized 8s. l^d@8s. 3d., and to direct ports, 7s. Od.
To-day
there was no essential change, and not much done in grain.
53
Petroleum charters have latterly been more numerous.
Tobacco has again been active for Kentucky Leaf, and
prices have ruled firm.
^ OS
The sales for the week aggregate
co'co'
i-^
700 hhds., of which 300 hbds. for export and 400 do. for
consumption. Lugs quoted at!)@10^c.,and Leaf 10i@l5c.
.4«
.to
;Si :•§!; C>0 — '" 8S
With reference to crop prospects it is observed that busiiiSi :iS« ;g
si".
*t-'0O»->-Tf'o
"0
00
WH
ness will end this season sooner than usual, on account of
of
the short crop.
Some 8,000 hogsheads may, however, be
to 2)
expected Irom New Orleans, which will enliven business.
.^
.00
:2SS
^ 'V o>
The new crop of hogshead tobacco will be very large, at
ooS
least equal to the very good crop of 1870.
Judgments dilfer as lo t!ie quality.
A supply of 100,000 hogsheads on
.53 :8
the seaboard is looked for.
:S
Seed Leaf h^s also been active
at firm prices, the sales embracing 1,000 cases new crop
gl
Connecticut and Masssachusetts wrappers, 32@62ic. ; 400
•i^^
.to
.^oMin-^to
.to .©
do. do. New York, 14@l«o.
100 do. do. Ohio, i)@16c.;
-'*''-- —
OCOCOO — — — ^-m
700 do. do. Wisconsin, 9i@9|c.; 134 do. do. Wisconsin
<-i,-»
r*to
S*r^
si
wrappers, on private terms
t-'eo"
also 100 cases sundry lots of
eO
50
old at 12@30c.
The trade in Seed Leaf tobacco has been
So
:2S :S?S
tototi^
very heavy. Some 80,000 cases have been exported a thing
'aj
o ^t;
unheard of before in the history of a single season. The
r^--Qoo-^ooio -^ CO »- o t- to
-ooee
demand for expoi t is still active for Ohio and Pennsylvania
0»0"
at enhanced prices, with a good inquiry for Connecticut and
c* c* CO--*
to
o
c*
s
Massachusetts for consumption. The new crop will be large
»n"o
and good in Cannecticut, Massachusetts and Pennsylvania
c«eo
tO«03'V^'-'
the quantity likely larger than last year, but in Ohio it will
coo
<oto
be oue-third less, and in this State and Wisconsin about onehalf less. A fair business has been done of late in manufac"3
be s tcv M « 3326^ = ^ — .« "fifififi ^fi '^ *^ 66
SgnoS "3 » -..-tured tobacco, both for «xport and home trade, without
V
ch inge of prices. Spanish tobacco has met with a fair de^^^rvr^
ii
if; "1
i:
a
f2G
o
re 00
mand, the sales having been 600 bales at $1 03@1 17 per
o
C i-g
D,
g
lb., which is higher.
V V
J, "3
::?:: is :": :.r
3 a
•5
Metals have been quiet. Ingot copper has sold at 33^@
-a
>>33^c., cash, and 33Jc. for future delivery ; Glengarnoch pig
33
ron sold at $55 and Eglinton $53.
oo
• II? -re
•
:
•
•
•
.
i-f t-i
•
i-i
ff«
*r.
-
•
'.o
rr*
• tf.'
'
f"
•
:
:
•'-'
•
•?*
•
<a
•
•
.
.
.
.
.
.
.
*
'
*
"
0-. 1-4
'.
..~,
.
.
.
•
.
:
;
:
:
:
:
:
•
.
:
.
•
;
*
*
;
»f3
ifj
:
—
-r-T
•
.
'
'J'
.
*'^
w
50
:
^
i
:
;
i
i
:
;
;
:
;
;
h
:
.
;
:
:
:
:
:
:
:
:
:
:
:
:
—
,
:
—
:
September
2
:
Imports or Leading Artlclen.
following table, compiled Irom Custom House returns
ihowB the foreii^u imports of certain leading articles of eomiuerce
at this port for the last week, since January 1, 1873, and for the
corresponding period in 1871
(The quantity la given in packages when not otherwliie speclfled.l
The
Same
For
lime
the
Since
Jan.l,
1871.
week.
1872.
Kartheuware—
tuitlery
Chlua
503
Eanheuware
13.0H
ll,87i
Hardware
IV,543
•15.131
Iron,
UloHBWare
8,aoi
4,511
•iti
jilato
Ui
Buttons
Coal, tons
Cocoa. baKS
Cotreu, baKH
Cotton, baleg
•.Mi
28,
5<i
Mi,
4,8;2j
17;793RaK8
'81.091 SuKar, lihda., tcs
& bbls
3,876
1,043,555
i,;8i
1.0 nl
•i'.,'"
IS.fiuTea
ia\
n.ojb
38,V8v
19,475
a.t.o
^
961
55
Arabic..
Madder
O.lB, essential.
Oii. Olive
.ipluni
Soila bl-carb..
l,liU7
m\
5.531
D.SiW
510
2,09;i
3,308
404.
"
68,l(i4
5.Ut9
•.old
5"
/lai
Furs
91
Hair
Hemp,
bales
Hides,
4c.-
.
'544
—
Wines
Oraniica
8,3M
Nuts
4.746
t-,,x>\ 5,!41.T4r,
3,853.2n
7,8^4
105,094
100.197
1,143
381,760
871,718
S71,aiO
879.865
46,476
4,100
T9i,0!2
1.C6
128,265
l,-.!24
141.r.22
1,744
78,907
123,187
142.464
54,098
ir,.5!>3
SO.'.l
2,889
2,5i5
Kalslns
Hides undressed.
Rice
Ginger
Pepper
Molasses
ni
0(18
5,608
719
450.089
llO.lia
502,508
30.724
409 546
126,093
373.561
65.992
121,775
169,240
281,276
33,601
324.512
216.61,
3,309,Wood8—
:.9S3
Watches
37.413
3,051
6.-»,177
513.733
3,439
821 1.311,703 1.128,191
»29,5i8
654,643
:,'39
565.190
973.3! 8
12,71i
515.751 8,569.83: 8,742.701
662.3:2
64'J.613
9.879
Saltpetre
tilnseed
S2:..932
J36.8.1S l,4.'H.S3i !,330,:E0
67,706
77.2561
4.301
87'.',6-22
58.46 1,152.319
207,982
246,441
12,441
Ac-
5:
1I10,.123
1
736.2W
1,590 Spices,
'"'
'
14,174
Cassia
1.307
1
by value—
S.rM
S3,7T.!
Ivory
Jewelry. AcJewelry
ChuinpaK'e,bkB.
Ac—
S.tiS
1^.347
5,009
1,043
Hides, dressed..
India rubber
06.61
;i8,.'.;0
Wines, &c.—
81,708 Fancy goods
37.8^5 Fish
31.&5i;Frnit8,
9.369'
I.L'inons
3'i..l01
Brlstlcs
239.936
410,6.18
e,67J.593|5,9ll.:!llS
21.482
948
32.6'4Ci)(ars
l,4Cl,Cork8
I, Old
8,163!
&
5,0^5Woui, bales
1.9Jl;Arth les reported
iVi
cloth..
1,08:
«12,i'12
Cork
131,077
Logwood
Mahogany
29,500
Fustic
!53l
34.63.7
227.<»J
83,514
110.3641
Receipts of Domestic Produce for the Week, and since
January
1.
The receipts of domestic produce for the week and
and for the same time in 1871, have been as follows
since Jan.
1,
:
Corn
Oats
Bye
148
time
1.
5.14S
53.368 !,7J-..013
518,375 6,088.522
l,756,7lV3S,'J8:.324
281.148 9 1H.38ol
373,989
8,800)
'71.
4,957
2,386,0841
12,4)3,493
'.9.0a :ffl3'
Eires
242.713
115.224
1,583
8.1,31)2
10'.. 131
<13 714
Hemp
..bales.
44
Hops,
.bales.
3.322
465
60.232
Leather. sides
Molasses, hds.
Haval StorosCr.tnrp bbls
Solrlts turp.
Rosin
Tar
s)
i-iich
1.617]
Pork
Beef, pk-RS
Lard, pkgs
Lard, kegs
645,383' Rice, pkgs
2,162 Starch
133.321
903,187
31.112
2,3;i2.5l0
41,753
44'.,l64
5.7J3
41,695
812,915
21,471
15,721
1,741
610
6.815
52.08S
161
1.525
19.414
eri
Butter, pkgs....
74
1.69.1.887
1,6.13
5.082
ii»',9:o
2,1 oO
4,556
65,982
31,511
5.366
43,510
Provisions-
Cutmeats
51 330
Cotton.. bales.
Peanuts, bass
203,3351
Beans
Pea8
C. meai.bbh
168,135
131.092
388.37
3,679
503.014
7.721
3,384,997
31,434
pkgs
Oil cake,
Oil. lard
6.1*93.270!
Barley, Ac.
Gras.< seed.
4,593
6,144
This Since Same
week. Jan.l. time '71
Same
Since
This
week. Jan.
Ashes... pkgs.
BreadakutfjFlour.. bbls.
Sugar, hhds., Ac.
Tallow, pkus..
Tobacco,
Tobacco,
,>kg8....
lihds
Whl8lcey,bbl8....
Wool, bales
Dressed hogs, So.
4'3,?4I
16,160
31,452 1,147,301
254.43^
1.721
338.526
5,752
t34
110,022
28S
14,942
271,113
3,460
850
13.672
8.SB9
31
22;.0.9
4,771
;7,123
451
5.613
29.6
6i9
181,545
3.962
55,013
1,170
185.683
3,035
51,700
2,039
80,243
408,989
693.413
120,738
316.717
154,9B9
85.839
1
17il.S25
15.82i>
13.2 6
18i.76S
14.449
13,258
19.727
82,088
1U.SS9
97.910
90,114
.
UOdPTS
»«OIIPT«
7,835
1.636
6,749
6,121
5,5C3
1,02 J
Mobile
The
Ac
1S71.
2.393,
903'
1,502
1.406
3,401
1.719
Rec'd thiB -week at—
bales,
Rev
of
12
312
1,316
North Carolina
Virginia
Increase this year
29.625
17.164
241
992
12,561
5,0.59
Orleana.j
Mobue.
16.071
2.103
4,820
..
Charl -ston...
iavaunah..
3374
Tezaa
York...
Other porta
New
Total
BInM
Sept.
1
S.659
e,633
73
78
i
Other ports
Total this year
5,737
6,713
2.3W
1JM7
8,9M
2,088
....
Ml
"is
UV.5
»,27»
15
....
J!
::::
I«
228
2:18
;22j
449
•••j
2M
5A«
....
9.299!
....1
....
l.4»t
i.4M
'^
13,3.91
Tot"l laoty-a'
ib:
45.5
2J)«1
.341
Florida
North Carolina
8,4M
2,;<'«
«!»
Jiso
4,115
488
'2M
11,001
3M
3
5,«:o
7,513
54
84
11,615
2.990,
99J78
!8
14.531
19.681
The market the past week has been de])retsed, and prices materinlly lower, the greatest concession being made in cotton on
the spot though futures, especially for the early months, have
participated largely in the downward movement. The decline
began in futures on last Saturday, and in spots on Monday, and
has continued day by day without any check, since until to-day,
wlien prices were more steady and officially unchanged. The
Monday on spots wasic, on Tuesday ic, on VVeduesday
on grades fcom ordinary to low middling, and ^c. on middling
and good middling; on Thursday |c. for low middling, and grades
ai)ove to-day, as stated above, there has been no change in the quoTho cause of this rapid detations, though prices are irregular.
cline is, in the main, to be found in tho rapidity with which the
new cotton is coming to market. Arrivals have exceeded the demand, and on wharf have been pressed for sale at l@8c. below
quotations. The downward movement has, how.iver, also found
support in the condition of tiade in England whtro the complications growing out of the Eastern trade, are said t:) be quite extensive and tlireatening. Still among the trade here, th?re is a
strong under tone of strength, growing out of the belief that the
crop is to be a very short one, and hence, for the Winter months
the decline lias been much less marked. The prices for futures last
reported were (Ijasis low middling)19 S-lOc.for Sept. ,183c. for Oct.,
18Jc. for November, 18 13-lOc. for December, 19 3-lCc. for JanuThe total sales
ary, 20Jc. for February, and 20ic. for March.
reduction
ic.
,
;
of this description for the week are 111,150 bales, including
tree on board. For immediate delivery the total sales foot up
this week 10,723 bales, including 3,106 for export 0,809 for consumption, 424 for speculatiou. and 324 in transit. Of the above,
1,075 bales were to arrive. The following are the closing quotations to-day
Kew
Upland and
Ordinary
Good Ordinary
Low Middling
per
Florida.
Mobile.
10«8....
:6V*....
19K»...
i9.',a....
20 »,<«....
20J(i«....
lb,
,
2IX»
Middling.
„
I
Orleans.
21W&
..
I6V*..
i9»a..
195s;'*....
ii>i(ei.
iiX»....
31»iS..
2s )*»....
23»»..
1,5«6
8,431
11,372
19.531
11.000
13,815
80,430
63,239
18,833
6,12:
4.234
3,716
13.246
22.068
17,000
Good
Con- Spec- TrauEr.p't.
Monday
.
«0
60
1.3:1
17X
811
3.41)3
724
4S9
875
300
3-ll'6.
6.869
I
ow
Mid-
Ord'ry. Ord'ry. Midl'g. dllng
1.9.53
61
Total
tU.
nla'ii
270
50
...
Tuesday
Wednesday.
Thursday...
Friday
sump,
761
1,013
1,543
Saturday
2.215
3.3!8
1.614
20
1;
IKK
16V
16«
16X
19
16)4
;9>,-
23
nx
20V
19«
19X
2"S'
20K
aox
0,723
!
free on board),
For forward delivery the sales (including
have reached during the week 111,150 bales (all low middling or on
the basis of low middling), and the fallowing is a statement of the
sales and prices
For September,
1871.
week ending
which
Texas
New York
bales.
1872.
this evening reach a total of
were to Great Britain, 78 to
of
Continent,
while the stocks as
the
France, and none to rest
Below we give
made ap this evening, are now 08,239 bales.
the exports and stocks for the week, and also for the corresponding week of last season, as telegraphed to us from the various
ports to-night
BzDorted toTotalthlB Same w'k
Wejk ending „
1871.
week.
_,,.
1872.
1871.
France 1 Contin''
Q-Brlt.
Sept. !S.
exports for the
2.4«
4.153,
69l|
19991
2,9101
:
:
1872.
New Orleans
Mobile
Charleston
Below we give the sales of spot and transit cotton and price of
Uplands at this market each day of the past week
Sept. 13. From the figures thus obtained it appears that the
total receipts for the seven days have reached 29,635 bales against
13,554 bales last week, 4,401 bales the previous week, and 3,228
bales three weeks since, making the total receipts since the first of
September, 1872, 43.944 bales against 21,860 bales for the same
period of 1871, showing an increase since September 1 this year
of 21,084 bales. The details of the receipts for this week (as per
telegraph) and the corresponding week of 1871 are as follows
Bec'd this week at—
CCOBI PT»
KXrOBTKD «IHO« B*rr. 1 TO- C>a«t.
SIMOK an PT.l.l
wise Stock.
— Great
Other
i«727r 1671. Britain France For'xn Total. Porla.
PORTS.
I75,V8'.
Friday, P. M., September 13, 1872.
Bf special telegrams received by us to-night from the
Southern ports, we are in possession of the returns showing the
receipts exports, &c., of cotton for the week ending this evening
6,737
usual table showing the movement ot cotton at all the ports is
following is our usual table showing the movement of cotton at
Our
6. the latest uinil dates.
all the ports from Sept. 1 to Sept.
do not include our telegams to-night, as we cannot Insure the
accuracy or obtain the detail necessary by telegraph.
Oood Middling
COT T.O N
Tennessee,
From the foTogoln(j stalemoDt It will be seen that, compared
with the corresponding week of last season, there is a decrease in
the exports this week o< 10,150 bales, while the stocks to-night are
17,989 bales less than they were at this time a year ago. Our
5,079
3.962
802.239
4.78i
Tobacco
ti.ioti
Hi
Si.
sal
astl
oimny
boxes
5,729
73i,r,(i7
S,'U3\Va»te
!V,!i5
3.7ua
lO'J
15l
IdiUko
lbs..
bags
27,732
Oainbicr
8oda,
Tin slubs.
RS,5I1
-ir,
340'
Cocliiueal
Cream Tartar.,
Soda
1871.
234
20,039
25,
ISiJgiir,
Hark, Teruvian.
Blea powders...
Brinistonn, tons
Gam,
time
15i
I0,19^
10,853
j'.'ii
5S,U:
*u.—
DrUKi«,
UK bars..
Lead, pl^u
Hpelter.lbs
Steel
Tin, boxes
39S,7
31.180
8^011
GlaHtf
Ulads
Same
357
Metals, &c.—
Olaas and
Qtiuiii,
S
;
THE CHRONICLE.
14, 1872.
Kor since
the Jan. 1,
Iweek
1873.
:
2.300
5.800
cts.
19 5-16
19X
1.5(X1
19 7-16
2,000
100
3,300
3,ia>
100
3,400
1,300
19H
19 17-.33
19 9-16
mx
bales.
100
20f
;«0
400
18 Jl-16
19 21-S2
19 11-16
1,400
;500
13 13-16
19V
19 13-10
UTi
i,mi
19 15-16
20
700
800
100
1,5(10
201-16
20?i
20M
85,400 total Sept'r.
For October.
9,200 total
19 7-16
19X
198-16
19X
Novcm.
For December.
4'0
ISV
181.3-16
1813-16
2.800
1.300
18K
5,l«10
19
1,200
19 1-16
18V
IS 15-16
19
1,400
19 1-16
2.000
1.100
1,100
19.><
19 S-16
300
19 5-18
m
19X
19 3-ld
19|K
ao7-;8
19><
i9>ii
1S«
i,M
19^
800
9lO
200
500
200
19 3-16
19i<
19 5-16
W
contract. ...19X
19H
900
100
old
form
18 15-16
19
19 :-16
I9W
20,'i
19 3-16
lorm
19 5-16
30J
800
800
400
1,000
20 5-16
400
400 old
contract.. 19 5-l«
•200
19H
19 9-16
WH
bales.
W
eta.
400 old
t
»x
rm
conlract.30 1-l«
Dec.
For January
\»H
20 3-:6
600
auo
500
3.9*0
2,900
son
6.200
18V
wy,
7110
;9v
19 11-16
For November.
600
100
800
100
2.000
cts.
19 11-16
bales.
100
60O
16,700 total for
8,600
l,2«l
19«
20,900 total Octob'r.
300
9WI
800
cts.
19 9-16
80O
IW
old
form
contract
—
:9V
500 byrsopt.t'JH
400 old form
contriiet.l9 7-16
1,500.. do
4U)..do
60.. do.. ..30 5-1*
300.. do
20'J.
TO.!..
9,400 total
20
201-16
do
too. .do..
300. .do..
,200.. do..
1O.7C0 total
20«
.20 3.16
.
.
..20X
Jan.
For Fcbrnory.
700 old form
coDtract.l9
l,aOO
100 old
13-16
19 13-16
Feb.
For March.
300
1400..
SO*
500.. do... 20 ll-lJ
400.. do
»)V
:»*•
19V
iCK
do
300..do...2018-l«
19S
900.. do
900.. do
3iiu
do
300.. do.... 30 9-ii
lll0..do....l9!)-!6
l,.300..do
I9X
•ton
1954
600 old form
contr«'!t.l9 11-16
i.'ii
1,000.. do... .20 8-10
1,900.. do
20V
700 old
2CW
aOK
form
contract. ..2CX
10n..do....a)7-l«
100.. do
2»K
S00..do....20 9-1«
SD-.do
SOX
1,800.. do... 20 ll-l5
SOV
ICO
1,250
old form
contract
20V
500.. do
1,000
SO"
eno old
20X
J!l
l-t«
2IX
form
contract .,..2IX
S-W
100.. do. ...21
fonn
C0Qtract....l9^
Ijsso total l(arci^
—
. .
358
l^HE
The following exchanges have been made
durin;; the
CHRONICLE
week
:
p*ld to exetiange 100
December
March.
for 100
Wbather KEroRTs BY TELEOUAPn. —There
is no material
change to report to night with regard to the crop. It has rained
on one day at Galveston, but the prospective yield is as before
reported. At New Orleans there has also been rain on one day
a slight shower. Kain is reported on two days at Mobile our
correspondent adds that the information received this week from
the State is increasingly unfavorable picking is, however, progressing finely. It has also rained on two days at Montgomery
crop is stated to be all open and very short. Our Sel ma report,
on the contrary, continues, as last week, much more satisfactory,
our correspondent stating that the weather has been magnificent
for picking purposes. In Georgia the condition remains generally
more favorable. At Macon and Columbus it has rained on one
day, and the rest of the week has been pleasant, so that the crop
Our Sais being gathered rapidly and sent to market (reely.
vannah telegram states that it has been warm, sultry and wet
there, and that the reports received at that point are less favorable
on account of the destruction by caterpillars. At Augusta it has
rained on two days the bottom crop, it is stated, is turning out
poorly. Our correspondent at Memphis telegraphs that they have
had one rain of limited extent, and of no advantage to the crops
cotton is maturing rapidly, and being marketed freely. It has
rained on two days at Nashville, and picking is progressing finely.
The thermometer has averaged 84 at Galveston, 88 at Mon tgomery, 83 at Columbus, 80 at Savannah, and 87 at Macon.
Weekly Receipts op Cotton.—Below we give a table show;
;
;
;
;
ing the receipts of cotton each week at all the ports of the
United States for several seasons, indicating, also, the total crop
each year. It will be useful for future reference. Our figures
are given in thousands of bales.
1869-60.
»
Sept.
Oct.
Nov.
1
8
15
22
29
6
18
20
sn
3
10
Jan.
Feb.
'•
"
"
90-256
84-261
12
11
9
20
30
27
49
18
39
13
21
66—253
80-349
144
148
125
74
73
73
95
94
82
107
132
122
105
101
158-816
119—536
78-298
86—357
119—450
105-408
188
175
96
107
92
15
179
121
22.
200
95
82
86—872
94—286
97
141
122
106
All others
77
152
156
130
114-541
125—704
127—603
140
133
147
111
121—446
121
87-^28
5.,
12.,
19.,
ISO
184
75
78
82
26.
166-629
186-631
86—821
104-389
181—871
«..
9..
172
179
152
150
146
189
68
105
100
188
132—635
111—566
57—270
141
122
106
64
49
54
45
37
35
33
75—808
45—334
88-187
47—285
72—521
41-255
52
45
40
40
36
36
34
28
29
43
45
41
70
64
63
36
35
40
83—170
24—126
22—113
81-180
57—254
37-138
31
31
16
22
22
19
23
9
17
58
38
44
51
11
47
48
17
16
31—171
40-183
12—
22
18
16
14
36
as
24
21
13
6
17
9
13
1
4
1
53
7
3
2
29
1-
n
"
24
"
31
3
8
16—
77
5—
51
.
Total at ports.
Overland
4,676
Cons'm'd South
Total crop.
4,861
12—
9
10
0—
10
..-
1
194
3,656
8.849
82
7
2-
14
2
3
'i85
Made up on count
74
50
50
40
5
7—33
6
6
5
6
3
Corrections*
77—346
127
137
103
82
4
3
1
18
302
137-895
73
67
45
83
1
1
!!—
83-385
5
4
7
I?:::-:::
98
87
89
161
1—
9
U
'
2—
25
24
6-
19
15
11
5
3
2
1
14
7—
3
43
53
90
2,439
4,352
The
.
.
601.764
451.714
5J6,184
711,734
218.Si8
8,8*5,545
loBB In
!0
2.i
10
12
15
10
13
20
20
20
17
18
25
12
'^
I
6
e
s
a
3
8
!5
7
8
8
7
10
10
10
8
..
5
..
oco
1
5
..
40
XI
38
33
33
44
3^
27
25
26
23
1.01».t93
891.109
94.410
715.356
373.101
829.752
394.638
S26.68J
170.686
270.211
250.020
503.79»
445.555
47,215
372,678
1S6,553
164.87S
197,319
263,342
85.343
..
5,666.001
2.832,91'J
sii'.ess
560,011.
Texas was the result of drought luBtead of rain.
The foregoing -would indioLte prochiction last year of 2,832,910
and to make the total equal the amount marketed, we
bales,
should have to add about 140,000 bales, the quantity left over
from previous crop. We do not claim that the above is an exact
production of each State it is only an estimate at best, made on
the basis of acreage reported by the Agricultural Bureau in 1870,
and giving one-half bale to the acre, the present probable average_
;
Cotton Chart by the Cotton Exchange. Mr. Voorhees,
Secretary of the New York Cotton Exchange, has compiled a very
useful chart for the purpose of showing the movement of cotton
the past twelve months, and many other facts of interest to the
trade. The different statements are all carefully and conveniently
arranged, and embrace very many points to which reference will
be frequently desired during the year.
Bombay Shipments. —According
to
our cable dispatch received
to-day, there have been no shipments from Bombay to Great
Britain the past week and none to the continent, while the
receipts at Bombay, during the same time have been 700
bales.
The movement since the first of January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and are for
the week ending Thursday, Sept. 12 :
r-3hlpraent8 thlffweek to—
^Shipments since Jan. 1 to-^ Week's
,
3
3,155
154
3—
9
8
8
80
2,911
51
3
86
4,032
229
91
2,100
259,
64
12
9
18-130
11—
Pl
Pt
—
11
11
H
a,
142
.
97
12
13
12
9
17
9—
29
6
13
20
71
74
95
119
•
1,39.1,931
.
.
Total
127
HI
99
f
t-
:
900,937
920,700
MlBBlssIppl.... 1,64(,512
Alabama
1.437.272
Florida
140,909
103
100
110
114
98
88
a
.
Georgia
South Carolina
North Carolina
Tennessee
Arkansas
102-521
41
;
Texas'
Louisiana
143
163
157
5—
;
78
M
162—904
44—134
;
III
131-490
20
27
i4
;
d
156
152
150
10—22
*
11
136-619
6
;
ft)
34—
2.
9.
16..
;
OR*
46
1.,
8..
:
n
69
78
88
..
;
1
56—126
8
^^-
2
60
68
82
.
1871
I
>
59—149
15.
"
5
2
42
56
77
14,
Subsequently the excessive rains prevented the healthy developof the plant.
In (act, rain was very frequent, and continued
from'early spring until about the first of July. As a result, the
plant developed no tap root, but rather surface or latteral roots, and
made stalk rapidly in the warm weather of July and August, looking at the end of that time in many cases healthy and strong, but
poorly fruited. Long continued wet weather after planting must
always be an unfavorable condition, as it tends to a rapid growth
of stalk before giving the plant lime to develop its roots, and
hence it is less able to endure the illsits subsequent lite is heir
to.
As a consequence, the reports the latter part of Summer indicated, as we have stated above, that the plant was not wel
fruited, while there were many coni|)laint8 of shedding and rust.
The result of the adverse influences we have noted brought the
last crop into the picking season greatly reduced from the early
estimates made, so that even had the weather been perfect during
the Fall and early Winter months, the yield would have been a
small one. About the middle of November, after a succession of
rainy weeks, a killing frost visited the most of the cotton States.
The frost of itself would have been of no special harm at thit
late day if it had been followed by fine weather but, on the contrary, rain and snow and frost soming in quick succession, put an
end almost immediately to any further saving of the crop. On
the last day of November ten inches of snow fell at Memphis.
We thus see First, that the area planted, as compared with
1870, was decreased second, the weather during the early life of
the plant was not suited to develop its final bearing qualities third,
with a wet summer it fruited poorly, and shed in many cases badly and fourth, the picking season was short, and in some sections
considerable cotton was lost. We have tabularized these different
adverse conditions below, so that our friends may have before them
the approximate effect on the crop of each check the plant received
and the total result. The first column shows the acreage of 1870
the second column the percentage of decrease from that acreage
planted the third column the loss by rain in the spring and
summer the fourth column the loss by the short picking season
the fifth and sixth columns the total loss, and the seventh column
the actual total production the past season of each State. We
take the summer and fall of 1870 (a perfect season tor cotton) for
comparison, and for convenience estimate each loss as equivalent
to a decrease in acreage.
^ ^
61
57
25
July
^ a
o5— 101
11
18
Jnne
>S
1871-72.
44
18...
May
^1
^ s
15
15
67
69
23.
April
O
u
1870-71.
92
79
104
16.
23.
"
March
1869-70.
119
135
139
17
Dec.
1
1868-69.
1860-Cl.
[September
ment
30O Dcccmlmr for SOOScptcniber, %c. difference.
110 October for lUO Sepleuiber, >^e. tlirterence.
'.Kc-
;
6-
15
3,974
of gtocks, &c.
1873
J 871....
Great
Con-
Britain,
tluent.
Total.
none. none.
none.
7,000
7,000
....
Great
Con-
Britain.
tlnent.
Total,
653,000 311,000
863,000
695,000 808,000 1,003,000
receipts.
700
4,000
From the foregoing it would appear that compared with last
year there is a dec rease this year in the week's shipments to Great
Britain of 7,000 bales, and that the total movement since Jan. 1
now shows a decrease in shipments of 140,000 bales over the corresoonding period of 1871. Our di8j)atch, to-night, also states
that the reports from the crop are very favorable.
Gdnny Bags, Bagging, &c.^There has been rather more deProduction of Cotton by States in 1871-'73.— We gave last
week our annual report of the crop of 1871-'73. The result is mand for cloth during the past week, and the tone of the market
such a remarkable contrast with the result of the previous year is steady at the close, though sales have been made at prices a
interesting to recall the causes which operated to procotton year may very naturally be divided into four
periods the planting, the germinating, the fruiting, and the picking season. Different conditions of weather, etc., are required in
each stage of its progress. In 1871, with limited exceptions, the
seed was put into the ground late, the planting season being much
interruDtel by cold storms, resulting in an area being put under
cotton of only 7,811,696 acres, against 8,885,545 acres in 1870.
that
duce
it is
it.
—
The
shade
Sales here 3,500 rolls at 14^(314^0, and
off from last week.
4,500 rolls in Boston at 13}(ail3Jc. Bags have been quiet, though
since our last one sale of some note has taken place, a lot of 300
bales sold on private terms. Manila hemp is quiet, and held
nominally at 10i@10Jc, gold. Nothing doing in jute. Jute butts
have been largely dealt for future delivery, and contracts have
been made of ^15,000 to 30,000 bales at SJc, gold, and 3,000 bales
on spot at 2^c, gold.
:
September
.
1
:
1
two
—
past seasons:
1873.
Stock in liiverpooi
bales.
1871.
408,00«
100,124
815,000
Sin.OOO
240,000
atockin London
Stock in Havre
Stock
Stock
Stock
Stock
Stock
in Marseilles
in Bremen
in Amsterdam
at Antwerp
'
at Barcelona
Afloat for Great Britain (American)
Afloat for Havre (American and Brazil)..
Afloat for Bremen (American)
Afloat for Amsterdam (American)
(ii),010
IS.OOO
3I,:i3«
3!),000
42,151
48,000
19,000
70,000
51,000
7,813
1.440
1,500
600,940
85,228
8o,000
44.000
57,000
5,000
none
none
none
Total Indian cotton afloat for Euroi)e
Stock in United States ports
Stock in inland towns
240,000
6S,389
8,095
Total
10,2i)l
1,833,334
1,632,439
These figures indicate an increase in the cotton in sight to-night
of 199,905 bales compared with the same date of 1871.
Movements of Cotton at the Interiou Pouts.— Below we
give the movements of cotton at the interior ports receipts and
shipments for the week, and stock to-niffht and for the correspond-
—
injf
week
of 1871
r-Weck ending
Sept.
1878^ ^Weok ending Sept. 15, '71 ^
""- Ueccipts. Shipments. Stock.
723
338
3,098
606
930
279
1.432
963
318
191
1,701
1,299
474
363
1,016
13,
Receipts. Shipments. Stock.
Augusta
"
"
1,590
3,506
1,038
1,150
2,079
1,133
1,153
Columbus
Macon
Montgomery...
Selma
Memphis
NashviUe
—
:
:
teE CHRONlCLfi.
14, 1872.1
VisiBLR Supply or Cotton Made op by CAni,E and TeleBy cable wo have lonijfht the stocks nt the different
European |>ort», the India cotton aHoat for all of Europe, and the
American atloat for each port as given below. Fron: figures thus
receivoil, we have prepHred the followinj; table, Showing the
quaulity of cotton in sight at this date (Sept. 13) of each of th«
flBAi'n.
:
,
~
2,195
729
,785
1,414
1,973
115
635
735
18
846
9,333
5,903
1,153
314
503
839
104
8,095
3,139
3,009
433
743
1,358
203
364
359
ICLB last Friday, except Oalveston, and the figures for that port
are the exports for two weeks back.
With regard to New York,
we include the manifests of all vessels cleared up to Wednesday
of
night
this week
:
New Vork— To
Liverpool, per Htcamers City of Limerick, 87
PariH, 671....C»iabri», 871 ....Occaufc, 478. ..Greece,
WyomlnK. 1,898 ...KuH»l«, 250
To Havre, per Bteamer Vllle de Paris, 78
Bai.ti.mobe— To Liverpool, per steamer Moravian, IT
Boston —To LiTerpool, per steamer MalU, 437
To British Pruvlnces, per
, a
Clly of
1,851....
4 651
Tg
17
JJJ
t
^, Totol
4,885
The particulars of these shiiiments, arranged In our usual form
are as follows:
Havre.
Liverpool.
NewYork
4551
Baltimore
Br. Province!.
70
Boston
Total.
Total.
tjat
....
17
487
17138
2
4,805
S
78
4.885
UOLD, ExcuANOE AND KiiEionTa.— (Jold has fluctuated the
past week between 112J and 113|, and the close was 113.
Foreign Exchange market is strong and higher today.
The
following wore the last quotations: London bankers', long, 108i;
short, 109i, and Commercial, 1074(al07J. Freights closed at id. by
steam and 3-16d. by sail to Liverpool, }c. gold by steam and Jc.
by sail to Havre, and |d. by steam to Hamburg.
By Telegraph frosi
liiVBRPOOL.
LivKBPOoL, Sept. 13.-4:30 P. M.-Tho market opened quiet and closed
dull and depressed to-day with sales footing up 8,000 l)ale9, including 1,000
bales for export and speculation. The sales of the week have been 63,000
bales, of which 16,000 baicB were taken for export and 5,000 bales on speculation.
The stock,in port is 815,U00 bales, of which IHO.IKH) bales arc American.
Theatockof cotton
at sea,
bound
Aug.
Total sales
Sales for export
Sales on spoculatlon
Total stock
.
Total afloat
afloat
The following table
will
10,391
show the
SepL
Ang. 30
23.
61,000
10,000
3,000
928.000
239,000
218,000
12,000
Stock of American...
American
to this port is aOT,000 bales of
which
American.
5,000 bales are
Sept. IS.
et,ooo
16.000
5,000815,000
180,000
207.000
5,000
6.
105,000
14,000
13,000
7.'.,000
9,000
4,000
891,000
220,000
8.')9,000
212,0(J0
ISti.OOO
209,(JOO
8.000
8,000
daily closing prices of cotton for the
Mon.
week:
Thurs.
Frt.
The above totals show that the interior stocks have increased dur- Price Mid.Uprds.lO«®10«10)i@!03<10)i@... 10 Wed.
(aioi,
9;,@10 Sy,A....
ing the week 3 831 bales, and are to-night 3,190 bales less than
Orleau8.10>i@....10>i®.
10>j@... iO'4®.... 10J»@....10;,©10X
Trade Keport.— The market for yarns and fabrics at Manchester is dull and
at the same period last year. The receipts have been 6,094 baits
prices rather lower.
more than the same week last year.
European Cotton Markets.— In reference to these markets
The exports ol cotton this week from New York show an Increase since last week, the total reaching 5,354 bales, against our correspondent in London, writing under the date of August
states
1,330 bales last week. Below we give our table showing the 31,
exports of cotton from New York, and their direction for each of
Liverpool, Aug. 31.— The following are the prices of middling
the last four weeks also the total exports and direction since qualities of cotton, compared with those of last year:
September 1, 1873 and in the last column the total for the same
.-Fair &
.-Good & ^Same
Sat.
Tues.
.
;
;
period of the previous year
-Ord.A Mld->
:
Exports ot Cotton (bales) flrom
New Vork since Sept. 1 , 1874
WBIK KNDINO
Total
IXPOBTED TO
Aug.
Aug.
21.
Liverpool
Ang.
28.
Sept.
to
date.
....
....
Same
Ord.
Upland... 8
time
Mobile.... 8
prev.
year.
N.O&Tei
31.
11.
5,670
4,907
1,330
5.876
6,276
10,588
5,570
4,907
1,330
5,276
5,276
10,588
Other British Ports.
Sea Island
Florida
G.Ord. L.Mid.
8
g'd falr^
21
19
27
25
Mid.
9
9
9X
10
10>i
9J<
9J<
lOX
9 11-16
22
18
n
lOX
lOX
12JW
78
Other French ports.
78
lotal French..
9K
9%
9%
lOJK
are the prices of middling qualities of cotton at
at the corresponding periods in the three previoua
and
1870. 1871.
d.
d.
13
22
13 11-16 7Jtf 9 5-16
13 11-16 7ili • 9?i
1872.
Midland
d.
Sea Island. 26
Upland....
Mobile
Orleans....l313-16 7X9'9-ia
1869. 18T0.
d
8
8
8
Midland
Pernambuco.
13
Egyptian....
11
d
Broach
DhoUerab....
78
commencement of the year the
Since the
Bremen and Hanover.
tion
Hamburg
and
H
1871.
d.
S
ex
6X
8
9}i
9)i
5X
1872,
All others
Americaa..
Brazilian...
&c....
Orand Total
5,.570
4,907
1,330
I
5..354
5,.3.64
10,.588
Baltimore, Boston and Philadelpuia for the Years end1,
i
Liv., Hull
other
outports to date—,
,-Taken on spec, to his ihte-^
8pain,Oporto&GibraItar&c
1871
New
and 1872.- Thefollowingarethoreceipts
York, Boston, Philadelphia and Baltimore for
the years ending Sept. 1, 1871 and Sept.l, 1872
:
Egyptian. .
W. Indian.
B. Indian.
Total.
...
d.
6X
4«
transactions on specula'
.-Actnalexp.from
Total to N. Europe.
187S
have been
for export
Other ports
ing September
M.P.
9 9-16
9>i
9 9-16
The following
this date
1869.
Havre
Total Spain,
42
38
29
23
G.Mid. Mid. F. Mid. G.Mid.
lOX
11
9 5-iS
9 9-16
years
Total to Gt. Britain
of cotton at
date 1871Mid. Fair. Good
Flne.-^
40
46
30
84
33
27
bales.
186,810
83,400
.M,650
3,840
215,390
1871,
bales.
294,700
92,020
21,670
8,370
64,180
1870,
bales.
149,680
11,280
5,240
910
5,911
80.670
522,090
481,240
247,780
1872,
bales.
75,802
28.410
5.940
Actual
exp'tfrom
U.K. In
1871,
1871.
171.652
278,525
41,505
8,772
6,274
207,062
bales.
302.180
60,330
12,620
15,710
519,490
287,715
541,138
910.330
Tho following statement shows the sales and imports of cotton
for the week and year, and also the stocks 011 hand on Thursday
evening last
BIOX'TS mOM-
NEW TOBK.
.
Total,
1871-72
New
Orleans..
Texas
Savannah
I
13.3,621
48,:i34l
MobUe
96,3251
1,647
Florida
•9,336
S'th Carolina.
N'th Carolina.
137,940
40,5.34)
Virginia
150,9691
North'm Ports
4,286
105,875
9,659
Tennessee,
Foreign
&c
Total this year
BALES, ETC., OF ALL DESCRIPTIONS.
Sales this week
Total
Same
Ex- Speculathis
period
Trade. port
tion. Total.
year.
1871.
PHILADELPHIA
Total,
1870-71
152,176
49,012
191,713
15,000,
1,775
147,091
63,724,
205,601
14,046
2.Vi,:l49!
6,074,
Total,. Total,
1871-72 1870-71
41,5151 61,501
1.5,;j90; 16,861
28,!«4l 42.325
22,:j5r 13,981
4;7!i4i
405
4,m
931
71,489: 63,331
60,088 15,793;
82,458' 15,4IOj
957:
354
738,526(I,iqW9l|^l,41l|235,396|
I
I
Total,' Total,
1871-72 1870-71
Total. Total,
1871-72 1870-71
7,069
1371
449
5111
313
10,481; 14,501
4,82.3!
.3,676
i
16,5.'J8
1,210,
13,931
3,861
14,136
5,.381|
20,8911
470
11,7931
8,0071
18,0:11
4,963
30!i29
1,943
18,820i
I
126
433
9,829 i:im'i
7,995
5.651
32,817 54,578
7761
1,103
46,2411 41,6Sa
52
119|
American
.
.
109,032!l32i57o
Average
weekly sales
bales 24.780
1.830
16,970
4,710
330
270
1,810
410
12,680
6,850
1,790
18r2.
28,880 1,234,620 1.801,.Vi0 27,710
17,420
543,280 :»2,780 12,570
4,!
209,300 165,890
6,100
350
13,730
5,1001 , .,„
2,220
65,970
77.220 f '•*™
2:,320
832,410 587,740 11,320
60,950
9,690
4,530
75,170 2,899,290 2,990,290
.
Brazilian
Egyptian
Smyrna & Greek
West Indian, Ac
East Indian
Total
I
f
Thla
week
American
90 ,297| 95 ,13!
,
Brazilian
Kgyptian
Shipping News.— The exports of cotton from the United States Smyrna
& Gr'k
the past week, as per latest mail returns, have reached 4,885 W. Indian
bales.
So far as the Southern ports are concerned, these are the East Indian...
same exports reported by telegraph, and published in The Chron- Total
8,439
2,270
120
}
850
(
-Imports.To this To this
date
date
1872.
1871.
1,092,921 1,835,857
576.849
32:1,321
,_,.
'•™'
8,890
62,180
-Stocks.-
S&me
Total.
This
date
1871.
day.
2.23:1,984
89S,:158
220,250
176,450
50,290
8.990
49,620
385,840
248,9^1
106,670
37,590
2,030
29,050
137,320
4,014,788
891,440
561,580
500,466
264,880
6,458
I1.3,t>40
34,238 2,616,108 2,866,994
58,270
187l!
40,980
5,950
4,660
Dec.
31,
1871.
1871.
168,800
64.030
49,760
i
11,550
l'
272,770
666,900
—
:
.
THE CHRONICLE.
360
—
The following tables, prepared for The Chroniclb by Mr. E.
H. Walker, of the New York Produce Exchange, show the Grain
in sight and the movement of BreadstuS's to the latest mall
dates
London, August 31. There lias been a fair demand for cotton
during the' week, and no material change has taken place in prices.
The following are the
particulars of imports, deliveries
[September 14, 1872.
and slocks
:
Imports, Jan.
1
bales.
ao.795
184,862
88,157
to Au; .28.,
Deiiveriea
Stocks, Aug. 28
1878.
1871.
bales.
188,561
150,4a6
105,588
1870.
HECBIPTS AT LAKE AND ItlTER PORTS FOR THE
SEPT. 7, AND FROM JULY 1 TO SEPT.
bales.
314,:iH8
241,50.3
283,219
Alexandria, August 27.— Market flat, quotations nominal.
Fair lOd per lb., cost and freight; good fair, lOid. per lb., cost
and freight good fair white, IHd. per lb„ cost and freight fully
good fair, extra, as in quality, Ui to 12id. per lb„ cost and freight
forward
fine, 13d. to 30d. per lb., cost and freight
scarce
Wbeat
bbU.
bash,
Corn.
bnsh.
(19Rlh(i.> (Snibs.)
Chicago
Milwaukee
Toledo
;
;
Detroit
Olevoland
;
;
delivery weaker, free sellers. Fair, November-December, lOd.
week
free on board. Receipts for the week, 1,500 cantars same
Shipments for the week, 500 bales. Exlast year, 1,000 cantars.
change, three months' date, 9Gi. Freight, 143.
Total
Previous week
Correep'uEr week,'71.
BRE ADSTUPPS
"
'70.
"
"
"
69.
'68.
'67.
TotalJnly.ltodote..
Same time 1871
P. M.. Sept. 13, 1872.
2066B
33,5,r.90
11.09-J
58.3,250
13.780
13,066
218,334
140,398
48,135
3.850»
83,839
LouiB
Dnlntb
St.
;
Friday
Flonr.
WEEK ENDING
7.
Oats.
bush.
Barley.
bnsb.
Rjr,
buib.
(561bii.>(S»lb«.)(481b8.) (BBlhf.)
1,865.228
4.38,740
48.5)0
42,6:>0
316.450
118,942
14,181
9,553
5,850
15.700
76,872
106,032
No report..
295,.564
167, 160
9B,S79
1,000
38.386
7,762
1,100
1,.524
800
22,318
95,693
80.84?
1,B53,.371
1,893,941!
289,691
186,972
146,1581
1.937,998
.304,399
368,.312
6,425
144,812
108,858
189,830
180,030
2,126,114
785,617
1,480,073
779.812
1.433,784 1,161,190
1,513.5,S8
426,759
683,099
1,551,488 1,648,687
510,438
879..3-83
980,385
1,757,096
2,035,097 1,001,686
7.38.916
44.5,498
7,827,-^56 12,389,.5-22
3,-373,387
6.37,055
219,4,55
806,.').34
9,839,606
6,693.707 1,219,006
744.985
8,715,841
58.246
161,930
315,299
."iS.elS
48,.526
13.5,199
68.343
182,755
123.988
116,809
have been generally drooping for the leading sta- Same time 1870
343.810
While
684, 108 8,376.874 3,808,.'>39 5,21.3,178 1,107,103
269,468
195,832
510,536 8,793,232 6,802,662 8,600,551
the Same time 1869
ples during the past few days, no decline has taken place for
offersmall
of
the
heard
has
been
•
complaint
Estimated
some
fact,
in
week
ings, and of the limited movement from Ihe West toward the
Shipments of Flour and Grain from Chicago, Milwaukee
seaboard. There have been severe storms at the West, which Toledo, Detroit, St. Louis and Cleveland for the week ending
Sept. 7, and from Jan. 1 to Sept. 7
have impeded the marketing of the new wheat.
Rye,
Corn,
Oats,
Barley,
Flour, Wheat,
Flour has been in better supply, and yesterday, shippers wore
prices
;
:
Weekerding
able to execute their orders to a moderate extent at $6@C 10 for
superfine, $7 25 for good extra State, and $7 50@$7 60 for fancy
do. (the latter from city mills.) In other grades, except choice
family flours, considerable depression has prevailed. Oood lines
of extra State have been freely offered for future delivery at $7.
To day, the market wbs generally dull, but shippers took about
7,000 bbls. at $6@6 40 for superfine, and $7 35@7 50 for shipping
extras, including a line of 1,250 bbls. extra State at |7 40 delivered.
Wheat has arrived but sparingly, but the offerings have embraced large lines of new Spring for arrival, and considerable ac-
WEEK ENDING
Neir York
Boston
Portland
Montreal
Philadelphia
Baltimore
New Orleans
bbls.
61,395
48,943
5,800
10,187
15,848
19,811
15,061
Total
17-8,845
Corn has been active, with the usual frequent though slight
Prime sail mixed declined to 63i on Wed-
n 40
7 50
Wheat
extras
7
00®
7 35
,
do doable extras
8 00^1 9 50
do winter wheat extras
and double extras
7 50(^11 25
City shipping extras ....
City trade and family
7
50®
Southern, white
Canada...
7 75
Rye— State and
Western
brands
8 B0®10 60
Southern bakers' and family brands
9 25@I1 25
Southern shipp'g extras.
7 75® 8 75
Rye
flour
4
7
Corn meal— Western, Ac.
Corn meal— Br'wine, &c
.
The movement
,
00® 6 25
3 2.5^ 3 60
3 85® 4 00
Oats— Black
Chicagomixed
White Ohio and
1872.
For the
Flour, bbls..
58,368
C. meal, "..
Wheat,bas.
4,.595
518..375
1
Barley— State
Canada West
Peas— Canada
in breadstuffs at this
RXCEIPTS AT
week.
j
NBW TORK.
,
Same
,
1
1
1872.
1871.
,
Since
Jan.
1.
For the
week.
150,017
67,000
61,700
193.447
123,580
75,837
65,930
768,639
2,507,509
Barley,
bush.
Rye,
bush.
9,650
45,473
6,700
i.'soo
70, nob
77,825
41,444
9,000
10,800
604,548
.
95,874
In store at Oswego
In store at St. Louis
Instoreat Boston
,
In store at Toronto, Sept. 2
In store at Montreal. Sept. 2
In store at Philadelphia
In store at Baltimore
Rail shipments for week
Lake shipments
Amount on New York canals
1,600
2,000
13,2.50
2.340
5,080
.38,753
34,580
28,090
451,410
446,598
63
08
65
1 80
1 90
64
S8
65
2,861,982
121,000
2-26,981
484,4.36
486,9-33
4,167,081
320,242
395,590
26,600
2a3,193
143.4S1
70,000
79,689
4,629
3,825
65.402
60,000
36,000
183,847
1,500,702
475,677
bush.
bush.
-.!8,000
bomYs
2,ft38,976
112,000
32,876
989,827
174,926
276,357
8,961
18,000
107,811
138,778
7,153
48,326
8(1,000
65.000
304,788
42,460
48,439
bush.
61,185
61,000
27,085
264,356
5,620
3,637
11,095
17,443
15,618
8,850
5,000
37',66-2
3,474
12,000
1
4,164,a53 14,560,928
Total
rotalln store and In transit Aug. 31,'72 4,167,417 13,9.56,817
1
1
"
Aug.
••
24,'72 3,619,571 13,117,164
Aug.17,'7-2. 2,881,894 1-2,579,150
Aug-10,'72. 2,1-27,931 11.963.849
Aug. 8,' 72. 2,675,981 12,040,025
Sept
9,'71.. 6,893,02.1
8,700,390
5,026,852
5,088,153
6,082.407
6,077.325
5,157,101
5.271,550
5,004,798
513,715
417,184
338,183
340,371
283,705
322,583
1,102,059
90
44
47
52
85
1 Iq
1 2o
market has been as followt:
KXPORTS FROM NEW TORK.-
Since time Jan. For the
Jan. 1.
week.
1, !?71.
1,785,013
State...
78®
85®
75®
38®
42®
44®
60®
00®
00®
Oats,
bush.
382. -206
18, .500
bush.
following are closing quotations:
OOa
10®
1
In store at New Tork
In store at Albany
In store at Buffalo
In store at Chicago
In store at Milwaukee
In storeatDulnth
In store at Toledo
Instoreat Detroit
market with our present means of
inland transportation, great as they are. To-day the market was
less active, and prime mixed receded to 03|c. afloat.
Rye and Barley have been dull and nominal. Canada peas
scarce and firm.
Oats have been active, with some improvement in the quality
of the new oats arriving. They have brought more money, but
old have been a little weak. To-day there was more firmness,
with sales of prime old mixed at 47c. afloat.
plies can be maintained at this
7
Corn,
bush.
1,845,0.59
1*5,3,56
The Visible Supply of Grain, including stocks in store at
the principal points of accumulation at lake and seaboard ports,
in transit on the lakes, by rail and on New York canals, Sept. 7,
1872:
Barley
Wheat.
Oats,
Corn.
nesday, but recovered to 64c. yesterday. Supplies continue large
at all points, while the export damand is emaarassed by the scarcity and high rates of ocean freigets. There is, however, considerable storing on speculation, as it seems doubtful whether sup-
Extra State, &c
Western Spring
bush.
492,669
7,223
58S,.387 2,448,873
5.5;i.657
3,S00
31.. 188.805
8..300
643,571 1,917,072
653,848
24., 146,462
391,162
4,900
123,551
1,683.953
647.074
17.
648,411 1,.530,088
11..500
470,-307
Wi,-ek ending Aug, 10.. 107,649
20-8,458
888,317
8,650
1,803,012
349.102
Corresp'gweek 18T1....
Total Jan. 1 to date... 4 82.3,810 9,232,497 51,557,186 15,30,7)0 1,-345,552
423,279
22,626,316
29,788,858
11,774,531
Do. same time 1871... 5.772,511
Week ending Aug.
Week ending Aug.
fluctuations in prices.
Superfine State and Western
V bbl. J6
Wheat,
Weekending Aug.
prices.
Grain.
Whcat-No.2spring,bush.$l 58®
No. 1 spring
1 68®
Red Western
... 1 60®
1 70®
Amber do
..
White
1 70®
6-2®
Corn- Western mixed
White Western
64®
Yellow Western
64)i®
bnsb.
AND GRAIN AT SEABOARD PORTS FOR THE
7, AND FROM JAN. 1 TO SEPT. 7.
Flour,
No. 2 Spring, part for arrival, at $1 58@1 63 for Chicago,
Northwest and Milwaukee. We advance quotations for red and
amber Winter to f 1 60@1 75, though some inferior goes at lower
I
bush.
SEPT.
At
result,
FLOtJR.
bnsb.
bush.
90,392
71.182
1878
• St. Louis not included.
new
The
7,
RECEIPTS OF FLOUR
opening at |1 51@1 52 for No. 3, and
But this adf 1 58@1 60 lor No. 2, and $1 67@1 68 for No. 1.
vance checked business. Winter red and amber wheat have ruled
very quiet and prices somewhat uncertain, owing to the wide
range of qualities offered. White wheats are still scarce. To-day
the market was more active, with sales of about 100,000 bush.
tivity has been the
hush.
bbls.
18.847
347,2-28
105.876
1,684,349 1,975,658
4,7:«
18.7.36
1,398,199 1,534,721
341,1.30
a3.t<86
281.848
1,432,817 1,444,0.52 1,140,311
11,3,900
73,994
297,296
576.128
422.225
79.845 1,140,674
CorrcsD'g week 1870.
15.305
8,614
95;j,66!i
402,143
54.131
821,884
Correep'g week 1869
tuiai ,fan. 1 to date. 2,611,967 13,295,967 48,895,170 12,507,834 1,224,888 768,-24t
812,765
1,118,566
a8,86-2,187
38,8«,028
10.004,456
2,818,868
Same time 1871
2.5S6,995 2:3,490,.388 15,170,214 7.4;».fi21 1,098,944 1,117.798
Same time 1870'
603,182
215,489
Same time 1869*
3,103,866 32,111,582 18,956,300 6,009,839
Sept.
Aug. 31, 1872
Corresp'ng week 1871
GROCERIES.
Friday EvENrao,
Sept- 13, 1872.
Outside of the jobbing channels trade during the current week
has been only fair. The operations of raw sugars are, of course,
exceptional to this, and have shown a good degree of activity in
.
Since
Jan. 1.
39.309
,39,169
2,288,084
697,555
1,238,227
1.34,092
1.38,3-24
7.810
S8.9ft3
131,8.54
1,783
8,08d.P2« 18.4:;o,493 804,324
6.54-2,851
741,088 13,8:8.420
"1,756,719 28,081.524 19,0«.1..%J3 684,889 17,938,296 20,1,398
7,868,1-39
Com,
373,989
8,800
208,3.55
S;jl,242
....
662,312
Rye,
60,146
^
B1.350 !,6')3,887
747,617
28,659
SI 896
Barley,4c
281,418 9,113,885 6,093,270
75
S6,824
1824
Oats,
»,07S
In general lines of groceries, however,
the refining grades.
second hands have held sufficiently liberal supplies to meet the
call from the retail trade, and the sale of invoices and cargoes
have been extremely light. There has been a better tone per-
vading
all of the
markets, and an improvement in prices haa
Buyers from the interior »re here
ocourred in some line*
:
:
:
:
.
THE CHRONICLE.
September 14, 1372.]
361
Increased numbers, and are operating with a good degree of
freedom.
TEA.
There has been a good lino busincsH throughout the week, the selcctlonH
including all grades of teas but ruuning more capecially upon nicdiuma, with
the chief activity continuing, aa heretofore, in Oreens. The diatributiou to
begun with much
nearby
mainly from the South and West. There
points ha« not
activity as yet,
Cuba,
Cuba. P. Rico
•hhds.
Imports this week.. 8 554
"
since Jan. 1. ^08,6811
" 8ametlm«,71 a«8,m
685
89,618
52,724
25,605
32,722
m.M
Stock In first hands. <8.|81
Same time 1871
86774
" 187U .... 119,330
....
B».»1>
56.459
«R5J)18
521,293
»i.m>
28,748
4jn
74J4«
«<4JM
61IU138
8,«3«
est
76.4M
and the trade comes
is a better feeling among holders,
although the demand has not extended, with very much aciivity, t« invoices.
The supply in the hands of the grocery trade appears to be small, and the
stocks in second hands cannot bo suftlciently liberal to hold out for any
great length of time in the face of an active distribution. This fact leads importers to look for a more healthy movement at an early day, and while the
otferiugs continue to be made nt about former quotations, there is decidedly
less disposition to concede anything in buyer's favor.
Medium qualities are
particularly strong and in a few instances the line quotations are s sliade but*
ter.
Low and high grades are fairly steady with no material alterations. The
transactions in invoices since our last include, 1,400 half chests Japans, 200
new do., and 1,500 do. Oolongs, all on private terms.
Imports at New York for the past week have included 998,138 lbs. black, per
steamer '' (ilenarlney,'' from Amoy. The receipts indirectly have l)een 43.S
pkgs by steanier and 5,5C7 by rail overland.
The following taole snows the imports of Tea into the United States
Other. 8razll.MsnlIa,*e.Mela«a
•hluls hsfi.
tbaci.
hhds.
•hbrt..
974
l.-.r.
244,218
nOLASSEM.
The
position of the market for foreign grades of molasses has changed
bnt
little since our last report
The call from reflncrs has been more active and
these buyers have shown increased inclinations to meet
views
the
of holders
who remain firm, with stock light and concentrated so as to be easily controlable. The transactions in boiling grades have been
fairly liberal In the
aggregate, but mainly in small lots, no full cargoes having changed hands
in
single sales. Cuba grades have moved to a fair extent,
both in grocery and
refining grades. The transactions in Barbadocs have been
chiefly at the
former range of values, with some lots moved, perhai>s, at a slight improve-
The purchases of grocery grades have not been very liberal, though a
demand has prevailed throughout the week, with a moderate reduction
of stock and a iitllo better tone prevailing. The better grades of reflnini;
iiualities have sold at a nlight improvement and arc strong at the close.
The
ment.
limited
sains of domestic grades have not been very liberal, but owing to the light
supply holders are very firm and adhere strongly to the former range of prices,
HIack.
Green.
.Tapan.
Total.
with good grades bringing a shade better figures than were obtained a week
r.',ti75,!)08
Atlantic ports, 1ST.'.
M 2;:,6!i9
8,S10 4?8
3r).44t,(ia
or so ago. Syrups are strong and in good demand. We note sales since onr
Atlantic ports, 1871..
13.WI,J55
13,-i6,S58
9,293,«3
Sl,.895,45l
The indirect importjitlons. Including receipts by Pacific Mail steamers via last of 650 hhds. Cuba Muscovado at «7c., 60 hhds. Porto Uico at38@42Xc.,
Aspinwali. have been 144,9^0 pkgs. since January 1, against 58.700 last year.
.933 Barbadoes at 36Xc. and 100 bbls. New Orleans at 78<(t8Gc.
Imports at San Francisco from Jan. 1 to Aug. 15 have been 7S9,!89 lbs.
The receipu at Now York, and stock in first bands. Sept. 12,wereBe followr
China and 1,017,593 lbs. Japan.
from January
1
to date, in
in'.i
and
1671
COFFEE.
Cuba,
shown a
little
more firmness,
especially o-i Brazil descriptions.
The
•*
The deficiency in the crop is favorable for holders, and reports from Europe
indicate a feeling there that the outlook favors a strong market with light
supplies throughout the year. On West India grades the market remains
steady and few changes in prices have occurred. Stocks are full, but holders
"
"
74,86U
3U,701
1,874
time '71 2.576
time *70 14,713
4.92.1
1,842
'*
same
same
7..W
4468
5,l!2«
93
1.6(0
2,659
Other
•hhds
tt.O.
vi.va
2«,WS
16,5-a
35.1126
bbli.
6 500
3,<tl7
Imports ot SuKar & mtolaeaea at leading; ports since Jan.
I •
the leading pori B
The imports of sugar (including Mclado). and of Molasses at
from January
18T2, to date, have
1,
-Boxes.1872.
..,.S(:8,686
been as follows
^-Moi as ses,
sugar.
—
.
.-—•Hhds.
,
Boston
24 969
Philadelphia...
2-3.015
Baltimore
43,170
4S.067
442,907
387,223
5H),53l
hari.fll«
reduced to hhds.
.•few
New
York
Orleans...
Total
•
Inc'ndlnirtlnre.^s
t Includes jackets,
and
1872.
33S,:SI
6«.573
31.437
93.184
6.153
^
,
1871.
SI6.0II
75.960
59 139
98,837
9,630
tl872.
574.222
58SA52
6,656
33,060
;72,15U
84,766
28,935
559,660
:,S05,125
—
I
Bags.
,
.
1871.
268,716
26.102
25.787
35.!91
31.407
1871.
Hhds.
1872.
106,701
47,1«<
-•
I22.8.'2
42,294
77.486
20,790
81,:«
*>iW
969,703
—
1871.
6.(23
376
265,32?
264,778
Ac. reduced.
little
tTHOIiESAIiE PRICES
We
caibo, 1,000 do Laguayra, and 1,200 do Rios in lots sold into consumption
within the range.
Imports at this port for the past week have included 2,600 bags Rio, per
"Brasilianeren." 3,5«0 do. do, per "Tartar;" 3,86;) do. Maracailjo per
A. Ilency," and 413 bags St. Domingo, per "Vicksbmg."
The stock of Kio Sept. 12, and the imports since Jan. 1, 1872, are as follows
New Phlla- Baltl- New Mobile, Oal, „
In Bags.
'York, delphla. more. Orleans.
*c. veiton. Total
"W
S'ock..
8»modatel871
Imports
In 1871
^-iSIO
42.415
....
m.6-.i
40U
467,178
IJ.SlB
li.«a
..
34.W9
lli,8il
....
...
l.'24.;43
T5512
36.017
44,879
409.716
:.li8l
123,552
....
4,000
S.U'i
14,0U)
:8<)S8!
61320
-mm
Maracalbo
Laguayra
18 598
5,«t03
Domingo
2W
Other
11,632
Total
Same time, 1871
8-1.154
50,(r74
5O.!,109
21,868
280,929
33,156
56,9Sj
'392
8,712
30 111
19,100
8,712
4.393
1,811
7,772
579.180
366,594
t Also, 149,140 mats.
SCOAR.
raw sugars has shown considerable activity since our last
report, with a continued steady tone and an improvement on the figures then
quoted. The activity in refined sugars has given refiners more business and
run out the small stocks carried by them, necessitating liberal purchases o,
raws to meet the continued inquiry from the grocery trade. The demand has
run mainly ou the better grades of refining sugars, Cnbas selling most freely
in fair to prime qualities. The offerings of these grades have been reduced
considerably, and holders have shown more firmness, advancing quotations
fully an eighth, and holding for a fraction better at the close. The sales of
prime include some lots barely up to the standard at 9J<c, and fair quotations
can be called 9j4(g>9,Vc., although the latter Is an extreme which refiners would
be slow to pay at the moment. Box sugars have sold freely in the lower numbers and are quoted higher, the advances on last week's figures amounting,
for the most part, to about an eighth. The demand for Porto Ricos has been
active, and prices on these grades share the improvement noted above.
There
has been a good business for all grades of refined sugars on the increased call
from grocers throughout the country and prices are up fully a quarter since our
last, on both hards and softs.
At the close the tone is still buoyant, and the
prospects are favorable for a further improvement. The refiners are all
busily
employed, and stocks are kept very low by the activity of the trade. The sales
of raws during the week include 1,928 hhds. fair to prime Cuba at
8Ji®9Xc.,
400 do. Martinique 8K@SXc., 375 do. fair to good Porto Rico at
8?i®9>i;c., 39
for
do. grocery do. at
9X®9Xc,
146 do. centrifugal at lOKQlOJic., 465 do. refining
63 do. fair do. at SJic, 110 do. Demerara (vacuum pan)
9Kc-,40do. grocery do. lOjic, 500 do. Martinique 8,'ic., 1,000 do. molasses sugar 8®8Kc., 135 do. common refining 85ic., 500 do. centrifugal
10®10Xc., 1,500
boxes molasses sugar 8@?J<c., 9S0 hhds. at lO^c, 360 do. Porto Rico at
87ic.,
150 do. Cuba at 9;,c., and S,800 do. private terms.
Cuba private [terms,
Imports
»tNew York, and
Common
do
stock In
first
hands, Sept
IS,
were as follows
:
Hyson Sk. & Tw. C. to fair.
do
do
Sup. to fine.
do
do
ttx.l.tonu'st
Uncol. Japan, Com. to talr..
do
Snp'r to fine...
do
Ex. 1. to finest.
to fair
®
do Superior to fine
do Ex. flne'to ftnest
Young Hyson, Com. to fair,
do
Super, to fine,
@
75
<ai 12
Bx. line to finest
Gunpowder Com
to fair...
do
Snp. to fine..
do Rx. fine to flnest.l 1)0
Imperial. Com to fair
37
SuD. to line
do
57
Extra fine to finest 75
do
Kx
do
m m m
70 01 OS
32 » 18
41
« li
«105
15 a 3^
s5
a
63
talr
fine
fine to finest
71'
& Cong., Com.
Bono.
to fair,
Snp'r to fine.
do
do
@
Ex.
f.
25
81
......
:a I» 42
Oolong, Common to
do Superior to
_ 92
(al 27
s> 47
{% '.5
92
«
a
21
27
4'l
01(5
to finest.
Come.
Slo Prime
ns»nv
gold.
gold.
gold.
gold.
koIq.
gold.
do good
do fair
do ordinary
Java, mats and hags
Java mats, brown
I
16i<(ai6\'
!
I5V91II
IS^aJO
023
I
t
anK
Native Ceylon
gold. 1«
gold. 15vai7w
goid. 17 818
gold. 18^014
Maracalbo
Laguayra
Domingo
SV
lJ«i(a!5
2U
lamHlca
•
»n
gold. 22
03S
?oM.
Mucha
8nsar.
Inf. to com. refining....
do fair to good refining
do prime
do
fair to good grocery
.
choice grocery...
do pr. to-t
do centrlfagal,hhdB.4febzs.
do Melado
do moiasses
Hav'a,Box,D. B. Nos.7to9...
do
do 10tol2..
do
do
do 13 to 15..
Jo
do 16 to 18..
do
do
do 19 to 20..
do
do
7\9 fty, Havana, Box, white
8^^ 9X Porto Rico, reflninggrades,..
Cnha,
29,719
4,150
9,416
Includes mats. He., reduced to bags.
The market
Hyson,
113,811
48,479
90,490
CURRENT.
Tea.
l.W.'lSO
Of other sorts the stock at New York. Sept. 12, and the imports at ihe seveial
ports since January 1 , 1878, were ai follows
New York- Boston. Phlladel. Bait. N. Orle's.
In bags.
stock. Import
nport Import. Import. Import. Import,
oo
Java and Singapore
•19,590
1(?,4.T2
t6.000
Ceylon
7,601
13.743
•
22,i'67
same time 1871
"
disposition to rmikc concessions on any grades. Javas are selling
fairly, but the stock is largo and prices are only steady.
note sales during
the week of 4,674 bags Kio ex " Watch," about 500 bags Javas, 600 do Mara,
fit.
1.061
.,
B^ockln flrsthands
*hlids.
806
70. '.72
Bincejjin.l
*'
trade in
cargoes has been light, but a good jobbing business has been done, leading
first hands to look for a better invoice demand soon and materially strengthening the feeling. The Rio telegram, which was received on Tuesday, was of
s very favorable character and tended to further harden the market. This
teegram quoted an advance of 20O milrles, the quotation being 8i200 against
81000 as quoted in the despatch of a week earlier. There was also an advance
in the exchange and the shipments, and loadings on American account were
comparatively light. The improved tone of the Rio market occurred directly
in the face of adverse reports from the United States, and this fact is accepted
here as indicating a much stronger home market than was supposed to exist
show
imports thisvreek
Uemerara,
P. Uico,
•hhds.
•hhds.
Following the decline noted in our previous issue the cofTee market has
do
9j^'0
""
.
11J^0I3^
'H0n(
grocery grades....
9X0l9x
7¥0 »K
S a 8v
Brazll.bags
Manila, bags
White Sugars, A
"«* "X
9!k®10
9K01OK
012
"
do
do B
4S0 6X
do
do extra C
7H0 8V
Yellow sugars
8U0 9
ll»(eiiy
11H0.
9
010'k
!)}^0 »v
70 (DK.%
Crushed
Powdered
10^011 K
tHiH
012^
Granulated
Sl'iX
Il<^l01i>i
molasses.
NewOrlcanE new
f)
Porto Rleo
Cuba Muscovado
gall. 40
80
90
087K Cobs Clayed
Cuba centrifugal
27X0Sax
^25
045
060
20
SO
English Islands
Rice.
Rangoon dressed, gold
In
ond »i0 in
'
j
Carolina
8X0
,
>ii
Spices.
Cassia, In cases... gold V lb.
Cassia. In mats
do
GInger.Kaceand Af (gold)
39
Mace
15
90
96
do
1
Nutmegs, casks
cases Fenang
do
<$
10)j®
01
^
Pepper, In bond
(gold) 12 a
do Snma ra A Singapore 17 (A
Pimento, Jamaica. .. (gold) 12X8
St
UH
do
17
92;^
98
I
In
bond
Cloves
do
In bond....
Clove stems
a7H0
ia
flo
do
do
Uo
15
IS
W
1.1
7X
n
...
Fruits and Nnts.
nw V
Ralslns.Seeoiess,
do
do
'
lo
do
frall.6 00
15
Layer, 1871, » box. 2
Sultana, »• tk
Valencia, » »
.
Loose Muscatels
Currants, new
Citron, Leirhorn (new)
Prunes, ^French
Prunes, Turkish, old
new
do
Dates
I<
IOH0
_
.
2 85
a.
a
02
....
....
08
00
^
6V
47K
6^0
45
>
25
15
11
....
7
7ii
«
6s«
Figs, Smyrna. .
ft a.
12
IS
Canton OInger. ^Hse
9 00 09 SO
Languedoc
Almonds,
20
do
Tarragona
I'^i^a
do
Ivlca
I6S0 17
do
Sicily, son shell
Shelled. Sicily... 26sa 90
do
paper shell
do
26>ii0 28
Bardlnes
Vht.box. 34
3SH
a
a
Sardines
Brazil Nuts,
fi
new
ar,box. 20i«a 21
9)^0 los
i
a
nva
atrlcan Peanuts
Filberts, SIcllv
Barcelona
Walnuts' Bordeaux
Macaroni, Italian
9)i0
IS
DOMKSTIO DKIKD
sliced,
new
Peaches, pared
do
nnpared,qrs4khlve
Blackberries
Cherries, pitted
Pecan Nnfs
Hickory Nuts
do new
i
5
10
a
10
lSi<
11
12
M
It
..
10
1
a
a
a
a
14
1»
» a.
V hush.
do
Chestnut-*
Feanuts.Va.g'dtofncy old
do
lo
12
lOX
16
FRtllTS.
Apples State
ft a.
do sliced
Western
ao
do
Southern, good...,
do
prime
do
12
1IH0
do
9
...
,..
50
.a
•
a
a
a
..
1^
21
-J)
...
»im"
do Wll.ji'dtobestdo. 13S 02
90
X
.
.
THE DRY aOODS TRADE.
Drills.
Width. Price.
There has been a more active business during the past week,
and the distribution from second hands has been very
Buyers from the
interior
having delayed their purchases
present time, are taking hold
demand
of the near approach of the consumptive
and Winter goods, and nearly
IIX
1.5J^
Siiftolk
15X
J^
all of
and
reflected in a better call for fall packages,
ShlrtlugH,
and commission houses
do
movement
Values are becoming
staple cottons being especially active.
15>i
....
31
do XX..
do fiB..
do B...
45
36
.%
33
16X
13X
12
19
18
16
14
ularities in nuotations the general
range
is
still
more
some
and buy-
settled
do
ers are taking
goods with a
fair
degree of confidence in the
O....
Loom
—
Domestic Cotton Goods. The greatest activity in cotton
fabrics during the current week has been in the more staple qualof both bleached
and unbleached goods.
....
Gr't Falls
Piece goods buyers
do
do
do
Q
8
A
M
Lonsdale...
36
17
15
nx
14X
ux
31
.3S
making
their usual selections of assortments,
32
nominal.
Domestic Woolen Goods.— There has been some improvement in the jobbing call for most woolen fabrics, and holders
report a better inquiry f jr package lots. The demand runs main-
Cordis
23M
stripes.. .37)^
.
,
.
29
23
20
18
16
24
28
25
22
19
17
16
AAA..
12X
12X-13>!f
17-18
19
Amoskeag
Arkwright
Easton
14
Haymaker
H-UX
Hamilton
Whittenton A.
do
BB..
0.
do
16-18
Orch.Imp
Checks.
13
14
16>i
Laconia
Naumkeag sat.
Paper Cambrics.
10
10
& Sons...
lOX
Warren
High colors
1c higher.
Cotton Dnck.
xzin.
Sail duck,
:, 22in.—
W'db'ry,
28-38
1 10 to 5
Fl'twing (ltd j 4046
I
:
Druid
I
Light
duck-
j
Bear dnck (8oz.)
do heavy (9 oz.).
Mont.RavcnB29in
40in.
do
26
25
34
Bags.
American
32
32
34
37
34
38
Great Falls A.
Ludlow AA....
A
Ontario
PowhattanA..
B..
do
A
do C 3 bush
Domestic Ging-
Stark
hams.
Amoskeag
16
14
Bates
Caledonia
13V
12X-13X
12X
Downright
Glasgow
12
Gloucester
Hartford
Lancaster
liX
14
IS
Namaske
14
Park Mills
Pcabody
gnaker City
enfrew
Union
14
12
ISJf
15
12>^
Spool Cotton.
22X
Clark's, Geo. A.
24
Willimantic, 3
cord
do 6 cord.
do
do
do
do
do
80..
12..
8..
9..
15..
Park, No. 60..
70..
do
80..
do
90..
do
100,,
do
26X
16
18
27K
17
19
21
23;^
25
.50
.38
13X
14-16
50
00
00
00
00
50
43 50
37 60
56 00
Lewiston
Brooks, perdoz,
200 yds
J, & P. Coat's
Clark, John, Jr.
17
Caledonia, 70..
12
!1>^
13
llj^
Ind.
Manchester
tx
Albany
Algodoa
American
12X
IIX
13X
Imp
Hallowell
Amoskeag
Stripes.
WX
MerriraacDdk
pk and pur.
do
do Shirting
,
ACE%
do
No. 2.
do
No.
3.
do
No. 4.
do
No.
5.
do
No. 6.
do
14
No.
7.
do
Easton A. ..
B
do
11X-12X
31
Lewiston A... 36
21
do
B... 30
19
Hamilton
llx
IIX
Manclicster
1
20
.
16
Canoe River..
27)4
37>i
37>i
Amosk'g ACA.
A..
do
B..
do
C.
do
D..
do
9
Bedford
Cocheco
12
Garner & Co.... 11-llX
do mourning
Lodi
I
Tickings.
.
Gloucester
I
Nilsson stripes,
42J<
Parepa stripes
37;^
Japanese cliecks.. ZIX
'
.
I
.
17
.36
|
Alpacas, 23X
(M Poplin Alpacas. 25
6-4 Poplins
27X-37X
Arlington Mills
Roubaixpoplins., 37>i
.35
Berlin stripes...
22^
and are filling do Cambric 36
19
N. y. Mills 36
their current wants rapidly. There has. also been a good move- Penperell
6-4
25
do .... 7-4
ilX
ment in full packages, and with the reduced supplies in first
.30
do .... 8-4
do .... 9-4
35
hands more firmness is evident. Prints have sold very freely
40
do ....10-4
throughout the week and nearly all of the standard makes are
45
do .,..11-4
11
33
held by agents at 13e. In a few instances some of the least desir- Poccasset F 5-4
25
Utica
do Nonp 6-4
able styles are still offered at lljc, but the general tendency is
32>i
9-4
50
do
in sellers' favor and from present appearances it looks as though
.55
10-4
do
HI
do
The market for cloths
12}<:. might soon be the ruling price.
lH>(f
do heavy 3ft
do XX 10-4
HTX
shows continued firmness, and 8e. is asked for standard grades.
26
Wamsutt^.. 45
There is a fairly active demand for cotton flannels, with j rices
25
do .... 4nx
do .... 36
steady and unchanged. Grain bags are selling freely to the indo XX 36
I'X
Cotton drills are in good reterior at full prices on all marks.
Prints.
Price.
quest and remain firm, with prices as before. Colored cottons are American
nx-12
lO-lO)^
very dull, and the quotations are, as usual at this season, chiefly Amoskeag
are
•
ux
.36
I
8. 8.
.
18X
:
.
Fruit of the
bility of prices.
|
Lonsdale
Japanese
13X
.30
EIlertonWS4-4
sta-
Corset Jeans.
22^
X
X
X
X Corded
Uyi
30
36
33
Boott B.
do C.
:
Androscog'n sat
Bates
Berkley
20
.
AA
irreg
.
Amoskeag
{
Uhlans
f4 Berlin Cords
Striped Satines..
Suez Cloth
Poplin Lustres.
Alpaca Lustres,
Blackstonc
and although there are
pretty well established,
|
Armures
%
L
Bates
report an active call for nearly all lines of goods, the
18)i
16X
86
Bartletts... 36
.... as
do
of course,
is,
1.3X
..
Androscoggin
The increased demand for piece goods
15X
Amoskeag. 46
do
43
A. 38
do
our jobbing houses doing
business with the more distant sections of the country are busily
engaged.
\f>)i
Bl'ched Slieetine* X
Autumn
for
..
Massach'ttsG
until the
the more freely in consequence
all
Delaines and
Worsted Fabrics.
Pepperell
Stark A
15>i
15>f
19
LymanH
liberal.
.
PACIFIC MALLA PABKICS.
Printed Delaines... 20
Japanese Stripes .,20
Cliintz Alpacas
20
Poplin Stripe
22X
Imperial Repps
25
Biarritz Stripes
25
Anilines
22
Appleton
Hamilton
do
blac
Laconia
187S
13,
—
[September 14, 1872,
Broivn
Friday. P. M.. Sept.
ities
—
THE CHRONICLE.
362
in
.
.
,
70
70
.
& Co
70
70
47«
70
40
Samosset
Green & Dan-
42)i
iels
Hadlcy..
65-67X
Holvoke
,35
Sterling
70
Carpets.
on the medium and better grades of goods, and the prices curDenims.
Velvet, J. CrossAliiany
13
ley
& Son's
Tent on the finer makes of fancy cassimeres are said to be fairly
2 65
Amoskeag
24
best,
Pacific
IIX
remunerative. The poorer grades have been so deteriorated in Richmond's.... llX-12
Arlington
15
do do A No 1.. 2 55
Simpson 2rt Mourn. 11^ Bedford
i4X Tap Brussels.
value by the admixture of cotton and shoddy, that they are now
Boston
12
Cro88ley& Son's. 144
do black & white 1
Boaviir Cr, AA
21
Eng. Brussels. 2 20-2 30
plUced with difficulty, and buyers are not disposed to pay better Sprague's fan. n%-12
Hartford Carpet Co
Chester D'k B 10>^-11
Hamilton
nx-Vi
prices than the goods are in reality worth. Faced goods and coat- Glazed Cambrics. Everett,
Extra3-ply
1 etX
22X
Haymaker Bro
Imperial 3-ply.. 1 60
Amoskea
8X
ings are selling fairly and continue steady in price, the stocks Garner
1 .36
Hamilton,
Superfine
8>i
1 20
Med, super
8-8X Manchester
being so light as to be easily controlled. Flannels are selling liar 111 ny
2 10
BodyBrnsSfra.
,Oti8
AXA..
Manvilie
SX
more liberally, and the current range of quotations is steadily Pcciuot
4 do 2 no
do BB...,
do
8X-9
3
do
1 90
....
do
do
CC
SX
maintained. Dress fabrics have sold to a fair extent, and the Red Cross
Hemp, plain,33in 22X
Victory H
8,^1
plain,
in
33
36
do
ex
opening rates are firmly adhered to by agents.
Foreign Goods. The main features of the market for im-
W
ly
.
1
.
(
i
i
I
I
—
ported fabrics are much the same as last reported. The demand
for nearly all descriptions of goods is active, and prices rule
steady, and are said to be satisfactory to jobbers and retail buyIt is now becoming
ers, but not remunerative to the importers.
IMPORTATIONS OF DRlf GOODS AT THE PORT OF
NEW YORK.
The importations of dry goods at this port for the week ending
September 13, 1873, and the corresponding weeks of 1871 and 1870
have been as follows
ENTERED FOB CONSUMPTION FOB THB WEEK ENDING SEPTEMBER 12, 1811.
:
evident that plain fabrics in dress materials, su;h as reps, poplins,
empress cloths, cashmeres, merinos, epinglines, lustres, etc., aie
1872
.
the established favorites of the season, and are wanted in cloth
Plaids in high colors are alho in good request in all wool
colors.
The demand for alpacas, mohairs and lustres is
White goods, linens and embroideries still continue
French goods.
increasing.
quiet but at unchanged prices.
Silks alike in dress goods, and
for millinery purposes are selling very freely,
and the market
is
1,489
1713,531
1,.S18
3!i.S,782
695
Miscellaneous dry goods,, 613
48«
594,444
255,174
147,824
do
do
do
Total..
.
annex a few particulars of leading articles of domestic
manufacture, our prices quoted being thpse of leading Jobbers
:
Broivn Sheetings
and
Continental
A
F.
36
.36
ArcticB
Atlantic A..
do D...
do H..
Appleton A.
do
N.
Angusta
Bedford R.
O
do H
do W..
ComniOBw'llh
C
DwightX...
IIX
IIX
.36
11
87
37
37
13X Ind'n Orchard
A
12X
.36
30
36
30
34
40
48
47
do
do
do
do
do
do
do BB. .3312>il3
do
W. 3011>tfl2
Laconia O
391.3>fl4
do
13
B... 37
llJi
I
18
36
12«
Lawrence A. 36
do
D. 36
14
38 1.5- 15«
"•
ao
Li.. 39 12-lSX
Uttea
do
do
do
nx
13X
16X
XX
I
flue
40
36
.38
.36
....
..
40
48
7-4
8-4
..
9^
Pepperell.
40
15
C. .3713X14
13X
13X
10
Lawrence J..
do
Y..
Nashua fl ne O
do II.
do
E...
do
W.
36
13>i
27 11-llX
do
Y.... .32 12-14
do
Z... 36 13-13X
Indian Head. 4-4
13!^
do
.48
21
Shirtings.
Width. Price
Agawam
O
1,314
6,893 $2,660,599
6,408 $2,083,761
5,302 $2,104,755
WITm>RAWN PBOM WABEHOCSE AND THROWN INTO THE MARKET DrBING THE
SAME PERIOD.
We
Boott
.
Value.
2,204
cotton., 1,,551
silk ,..,
980
flax
1,575
firm.
Albion
PkgB,
Pkgs.
Manufactures of wool
.
..
.
,
15>f
18X
13X
14>i
16
21
27>i
.30
35
48
58
2.1
n 40>f
40X
45>f
1«)«
.32X
IM
1,297
$874,057
419
156
719
319
111,520
182.142
1.127
421
209
$461,865
1,817
1,32,258
617
310
625
$885,716
210,308
402,938
1.38.990
.397
16,059
84
274,165
98,564
30,052
Add ent'd for consumpt'n. 6,893
2,910 $I,003,3BS
2,660,599
2.238
6,408
2,683,761
3.680 $1,710,012
2,104,755
5,802
Total thrown upon m'rk't 9,803 $.3,663,967
8,646 $3,670,665
8,982 $3,814,767
Total
25X
..10-4
..11-4
.12-4
36
N
Manufactures of wool ....
cotton..
do
silk
do
flax
do
dry
goods.
Miscellaneous
$986,<KM
.311
141,477
69,573
ENTERED FOR WAREHOUSING DURING SAME PERIOD.
Manufactures of wool....
do
do
do
314
silk
flax
195
564
38
MiscellaneouB dry goods.
Totf.1
701
colton.,
1,8!2
Add ent'd for consumpt'n. 6,893
$289,497
79,210
103,254
110,493
27,3ri5
t.5.59,819
2,660,599
1,047
319
150
362
37
1,915
6,408
$386..540
79,662
19,5.762
101, .373
28.829
t7R4,06r)
2,688,761
1.572
606
872
591
87
$683,131
1!X),672
313,808
166,491
43,198
3,127 $1,387,303
5.,S02
2,104,'(55
I
(
Total entered at the portl.8,705 $3,320,418
8,823 $3,^67,827
8,439 $3,492,058
September
THE CHilONlcLE
14, 187 2. j
363
Financial.
Financial.
FlBanoiaL
&
Robins, Powell
Eight Per Cent. Gold
FIKST mORTGAGE SINKING FUND
Co., James
NO.
BONDii
10
WALL STREET, NEW YORK,
Oovernnieiit Securities, Gold, Stocks and
3
Issue Travelers Credits available lu
Hands
Oorreapondenta In
Deposits received and Interest allowed.
Completed Railroad
!
MORTON, BLISS *
&
A. D. Williams
Co.,
I.OOANSPORT, CRAAVFORDS-
AND SOUTH WKSXKUN
RAILWAY OF INDIANA.
These Bonds bear 8 per cent. Gold Interest, payable
quarterly in New York, free of Ooverument Tax, belnjt
nearly TEN PKR CENT UPON THE INVESTMENT,
and yielding
Sixty Per Ceut ITIore lucoine than
GovornniontB.
A. DBNIS'N
I
I
WILLIAMS.
Member of the
H. O.
BABNBT.
O. U.
WILI AM8,
Member of the
J. P.
N. York Stock KxchanKo.
BATMOND.
B. D.
Raymond &
Barney,
PU8TKR
6
STREET.
WAI.I.
Present price for a limited number of Bonds
remaining uusold, 97^ and accrued interest.
Interest paid on Deposits subject to check.
D. N. BARNEY, )c„.„i.i
COUNTY.
OTHBK
Bongrht and Sold on Commission.
now
Further and full particulars, with Pamphlets and
Maps, furnished by us on written or personal application.
JONES & SCHUYLER,
A. H.
AUe.
J.
BBOWH.
BVOVS.
Augustus J. Brown & Son
New York.
St.,
H.
BANKERS,
New
59 Eilbertr Street,
N.Y.& Oswego Midland
7
Per Cent. ConTertlble Bonds
(and a Second Mortgage)
WE OFFER FOR
of the cheapest
Lock WOOD
BOW^EN,!
No 4
tYall St., N. Y.
Joseph U. Orvis
No.
&
Co.,
BANKERS,
96 Broadway, New York,
TRANSACT
A GENERAL BANKING BUSINESS.
Stocks, Bonds, Gold, Foreign
and Excbange, Bongbt and
Money
Commercial Paper Negotiated.
&
R. T. Wilson
W.
Co,,
BANKERS AND COMMISSION MERCUAKT3
44 BROA1> STREET.
&
B. Shattuck
No. 23 Nassau Street, Nenr York,
DRAW SIGHT AND TIME BILLS
ON THB
UNION BANK OF
I.
O NDON
NEGOTIATE FIRST-CLASS RAILROAD AND
MUNICIPAL BONDS.
VERMILYE &
West Main
FORKION EXCHANGE and GOLD bought and sold
on the most favorable terms.
INTEREST allowed on deposits cither In Currency
or Gold, Bubtect to check at sight, the same as witb
the City Banks.
ADVANCES made on all
marketable securities.
CKRTIKICATKS of Deposit issued hearing interest.
COLLECTIONS made at all points of the UNION
and BRITISH PROVINCES.
W.
B.
LKONAXD.
W. 0. BHSLDON.
BANKERS,
Buy ardeell Government, fttatc. Railroad and other
aesirable securitiis. making liberal advances oa
same* allow Interest on depusits, deal In commercial
paper, furnish to travellers and otbcra Letters ol
Credit current In the prtnctral cities in Europe.
And 18 Nassan
BANKERS,
38
BANKERS,
16
Henry F. Verhuven & Co.
Street, Neiv
York.
EXCHANGE PLACE, NEW YORK.
Special attention given to the neEotlatinn of
RAILROAD,
DEALERS IN ALL ISSUES OP GOVERNMENT
GOI.D,
MAKING LIBERAL ADVANCES.
STATE,
CITY
and otber
CORPORATE LOANS.
As Members of the Stock Exchange, we buy and sell
Stocks, Bonds, Gold and Government Securities.
Interest
on Deposits.
Also, Foreign Exchange bought and sold.
Street, houisville, Ky., dealera In
Koreitfn and Domestic Ezchanice, Government Bonds
ind all Local Securities. Give prompt attention to
ollectlo'.!* and orders for -ivestment ol niods.
•
Smith
& Hannaman,
BROKERS
at
sent free.
St.,
ST. LOUIS.
ALBKRT ITOUXO.
eco. ARX^rrs.
Samuel A. Gaylord & Co, AND INVESTING AGENTS,
INDLANAPOLIS, INDIANA.
BROKERS IN WESTERN SECURITIES.
Choice Ten Per Cent Investmests
and below par
NEW YORK. Financial
S3 Wall Street,
Laws and Forms of INDIANA
ins Nortb TUIrd
W. D. rOBTKB.
No. 10 tVull Street.
CO.,
BUT AND SELL ON COMMISSION
150
E.XCHANGE PLACE.
GOVERNMENT SECURITIES
AND
RAII.1YAY STOCKS, BONDS AND
Co.,
BANKERS,
Leonard jSlieldon& Foster
Accounts received and Interest allowed on balances
whlcb may be checked tor at Blgbt.
&
necurltles.
Foreign and Domestic Loans Negotiated.
Co.,
SECURITIES.
BANKERS,
on Deposits subject to Sight Dmtt
Special facilities for negotiutinr '.''jmnierciiil Paper
Collections both Inland and foreif,-* prutnplly made
BANKERS,
and Bonds
Morton, Galt
TORIC.
STOCKS, BONDS,
Boogbt and Sold on Commtsslon, and
LOANS NEGOTIATED,
WILLIAM STREET, NEW
No. 50
;
Secnrittes, Gold, Stocks
58
Gibson, Casanova & Co.,
Liberal cash advances made on conBlgnments ol
Cotton and Tobacco to our address also to oar frfends
In Liverpool and London.
Government
Co.j
BANKERS,
No.
Co.,
94 BROADIVAY.
Transact a General Banking; bnslness, Including tUe purchase and sale
of OoTernment and State Bonds< Railroad Stocks and Bonds, and other
vscurltias, uu commission.
Sold.
Deposits received subject to Check.
Four per ceut Interest paid on Balances.
Collections made on any part of the United States
and Canadas.
&
BANKBIiS.
BANKERS AND BROKERS,
&
SOUTTER
Advances made on approved
LOANS NEPOTIATED.
this market, and with a better prospect
for an advance in price in the future than any offeruig.
Pamphlets giving full particulars may be had on
application.
UTLEY &
LONDON COURKSPONHKNTS,
Tlireadueedle SCivet.
CITY BANK.
or Check.
IN
on
PINE STRKKT, ^KVi YORK.
27
nkers.
Kccclve the accounts of interior baukfl,
corporations and Merchants.
llroad
Agents for the sale of City, County and
Bonds, iBHue Lott^ra of Credit for forelKTi trav"
Securities.
Interest allowed
SOUTHERN SECURITIES
SALE AT
85 AND INTEREST.
Wc regard these Bonds now as one
securities
Co.,
BANKERS,
Dealers In Bills of Excbanee, Governments, Bonds
Stocks, Gold, Conunerclal Paper, and all NegotUDlfl
20 BROAD St.,
Brokers and Sealers
NOW RUNNING
over nearly the entire length of 400 miles.
rhe
&
Winslow, Lanier
RAILROAD SECVRITIES
rapidly approaching completion, and
TRAINS ARE
D. DAVIS.
Levy & Borg,
Railroad
18
York.
SPECIAL ATTENTION GIVEN TO THE NEOOTIA
TION OF
BUSINESS,
No. 31 Pine Street,
SAMUEL
D. WOOD,
Formerly of Vermihre & Co.
barney! { ^P*'''*'WALSTON
RAILROAD BONDS,
GENERAL BANKING
C.
BLOCK COAL FIELD OF PARKE
IN
Kfep on hand a variety of choice honiif to supply In
vcHtunt, furnish bonds advcrtist^i on the market at
Huhscrlptlun prices, execute orders for Government
securities, gold and railroad stocks, and dn a
Co.
STOCKS, GOLD, BONDS AND ALL
SECURITIES
No. 12 Piue
DEALERS
BANKERS AND BROKBKS.
The Road is completed and In operation, twelve
mtlea of whleh pass throuf^h the celebrated
BUOAD 8TRBRT
AND
Stocks and Bonds
BOUGHT AND SOLD ON COMMISSION.
H. Tork Stock Eichangi'
this City,
CO., ao
Davis,
BANKERS
New Tork.
40. Wall Street
VII^IiF
parts of tht
Wood &
STOCK BROKERS,
THE
all
world.
bought and sold on Commission.
UPON A
RUE
S
tc
W. Tucker & Co.,
BANKERS,
SCRIBE, PARIS.
BANKERS,
N. Y. Natiomai. I'^XOHAVQB BANK, Correapundcst,
&
A RENTS
DKALKKS
Young,
IN
SOUTHERN AND
miSCELLANEOIlS SErTRITiES,
No.
|<«)«na
t
NEW
STREET.
Nexotlated.
'
THE CHRONICLE.
364
Boston Bankers.
Foreign Exchange'
& Co.,
Walker, Andrews
New
14 •Wall Street,
&
Andrews
Southern Bankers.
&
Kidder, Peabody
Co.,
York.
BOSTON, niASS.
Co., Paris.
]TIOBIl.E,
o
COHMEROIAL AND CiRCtJLAB LXTTBBS OF CRIDIT
CIRCnLAK NOTES AND STKRLING EXCHANGE
of London.
WOBLD.
ISSCXD, AVAILABI.B IN ALL PABT8 OP THK
iNrisTatNT Securities and Gold.
Commercial ami Travelers" Credits auU Fraoo ExchajiKe on PAUIS.
Railway and other LOANS negotiated. Stocks and
bonds de'ilt tn on Commission,
Interest on deposits.
EXCRANQE ON LONDON,
PARIS,
Bankers, 30 Broad
Credits available in
Parker
36
Buy and
sell
parts of
all
t
^
and State Loans ; Make Telegraphic
Transfers of Money ; Allow Interest
on Deposits, and draw Exchange on
Morton, Rose & Co., London.
HOTTINGUER & Co., - - PaRIS.
&
Co.,
Amsterdam.
- - -
NO. 69 WALIi
all
&
&
Dealers in (.ovcrntnent Securities, Gold, State,
CoTiuty and City 'onds, alpo
STERLING EXCHANGE.
drawn by Jay CooKe & Co., on Jay Cooke, McCoUoch
& Co., London, la sums »nd at dales to suit.
CO.MMEP.CIALCUKDITS AND ClitCn LAB LETlK.l;S rOK TKAVELl.lthS iSSUKD,
available in
all
&
Co.,
LAWTON.
ASHER ATERS.
B. L. WILLINGHAM,
JACKSON DkLOACH, lUcoe'd.)
,1.
J.
S.
S.
M. Parrar. Cashier.
SCHOKIELD,
SECURITIES,
70 State Street, Boston.
Exchange, and CUimmercial and Travelers'
TUe
City
AND
Bank
Robert Benson
&
VIiONDON.
Co.,
Capital
&
&
)
>
h
•
Philadelphia Bankers.
Co.,
BKJAMisoi^feCd.
New
WM.
P.
ARMSTRONG, Cashier.
COTTON, and other Produce to Ourselves or Correspondents.
Oulon
Co.,
Pbbadelphia and Dulntta.
DEALERS IN GOVERNMENT SECURITIES.
SOUTH STREET.
&
NEW
Co.,
YORK.
Stock, Note, and Gold Brokers.
Austin & Oberge,
No.
OrdersforGorcrnmeut Bonds. Stocksaud Merchanexecuted, and Foreign Exchange and Drafts
^
Kountze Brothers,
313
Street, N.
TT.
-....•
$200,000
Special attention paid to Collectlona.
W. Wheatley &
J.
Co.,
BANKERS AND BROKERS,
a general banklnp business. Cotton purchased
on orfler. Collections made and promptly remitted
tor.
New York
corainissioN
BELL
stock brokers.
CHABLES
AtJSTLN.
H.
OBKROK.
Southern Bankers.
Edward C. Anderson, Jr.
BANKER, FACTOR AND
Commission
Pay Interest on dally Gold and Currency Balances.
flrat-class Securities.
Make CabU Transfers between New York and London
Merchant,
Special attention (tlven to oonsipnmenti of Cotton.
Gold, Stocks, Bonds and Foreign and Domestic
Kxcbanfre, bought and sol^.
Collections promptly remitted for
Orders solicited for the purchase oi B,tieB of Produce
•nd Securities. Prompt attentloc KUarauteed.
New York Correspondents Lawsikox Bbos, *
:
Correspondents
— Messrs. Wm.
Bryc*
H. Castleman,
STOCK AND BOND. BROKER;
Georgia.
STATE, CITY AND RAILROAD SECURITIES OF
GEORGIA AND ALABAMA a Specialty. Prompt
attention given to COLLECTIONS, both in Columbus
and points in connection. Will purchase or sell staple
articl es of Merchandise in wholesale lots.
Second National Bank,
TITUSVILLE, PENN.,
Capital
.
.
-
.
• 3 00.000
.
Deposited with V. S. Treasurer to secare Circulation
andDeposiU
SIGHT BILLS ON THE ITNION
BANK OP LONDON.
Negotiate
Planters
AUGUSTA, GA.
Cash Capital,
WALNUT STREET.
Sv.Tannab, Oa.
DRAW TIME AND
&
NATIONAL BANK,
r.
J.
dise
fir all
Jos. S. ISxhh
Casb'r.
Vice-Pres't.
Merchants
500,000.
CHAS.
HTT>R. Cashier.
PliUadelpbla.
PRESCOTT. GROTE & CO.. Bankers. London.
W. TAPSCOTT & CO., Old Hall, Liverimol.
Bankers, la
T. P. Branch,
J. Jenkins,
Pres't.
Chas.
INTEREST ALLOWED ON DEPOSITS.
& Co.,
Issue Sterling Exchange and demand notes in sums
to suit purchasers, payaolef n all parts of Great Britain
and Ireland, and available for the Contiuent of Europe
bou ght.
W. Clark &
Liverpool.
Tapscott, Bros.
Assistant Cashier.
M.y. Correspondent— Importers and Traders Natlona
Columbus,
BANKERS,
of Mail Steamers.
ADVANCES MADE UPON CONSIGNMENTS OF
Co.,
on CorainlBBion.
etfl.
IS-
Country Baukcrs can be supplied with Bills of Exchange tn large or small amounts, on the principal
cities of Europe also with Tickets for Pnssape from,
GUION LINK
PHII^ADEIiPHIA.
Trartsact a general Banking ana Exchange business
iacludlng Purchase and Sale of Stocks, Bonds, Gold
E.
York.
COMMERCIAL CREDITS
available In all parts of Europe, &c. BILLS
drawn in sums to suit purchasers;
also Cable transfers.
on
« 100,000
-
*^Co.
BANKEK8,
in
OF EXCHANGE
Messrs.
.
AMERICVS. GA.
SUED,
86
Pres't.
Do
Y.,
Williams & Guion,
&
.
JNU. W. LOVE,
PARIS
Co.
PARIS.
Exchange on Paris and the Union Bank of London,
sums to suit.
Subscription agents for The Cubonicle in Paris.
S. Petrle
London.
Lawtun,
JAS. ISBKLL, Of Talladega, President.
)
munroe & Co.
Circular Notes available for Travelers in all parts of
Europe and the East.
ISSUE
Alex.
J.
The City Bank
)
marcnard, Andre
Credits for Travelers In Europe,
the
W.
OF SELMA.
BANKERS,
AND
WILLLA.M STREET, N.
ortoEuropcby
all
Directors.
W.
PARIS, LONDON, BOSTON.
;
on
Particular attention given to Collections
accessible points, and prompt returns made.
BOSTON.
PARIS.
Bowles Brothers
and
Banking Co.,
n^ACON, GEORGIA.
STATE OK ALABAMA.
Credits issued on
EXCHANGE ON LONDON AND
ll^all Street,
Trust
Collections attended to witli preciHion and dispatch,
free of charge, and remitted for on day of payment.
The Collection paper for all this State and Florida can
be concentrated at this p oint with great advantage.
pai ts of Europe.
Brewster, Sweet
AND ON
mVNROE & CO.,
63
&
THANS.\CTS A GENERAL B.\NKING BUSINESS.
BOSTON.
No. 7 Congress Street,
York.
CONSOLIDATED BANK, LONDON,
TRAVELERS'
STATE.
SAVANNAH, OEORGIA.
French,
BANKERS,
Bills of
New
Street,
iBsue Circular Letters of Credit for Travelers on
19
the
New York Correspondent— Fourth National Bank
Planters'
FooTE
Co.,
BANKERS.
Wall
8
and Conn>
Page, Richardson & Co.,
parts ot the world.
John Munroe
No.
$500,000
Gold, State, City, County and Railroad Bonds.
Commercial and Travelera Credits
Available in
AVesteru City
DEALERS IN GOVERNMENT
IBSUK
...
.
G. M. Parker, Vicc-Pres.
Pald-Vp Capital, - . - $1,000,000
INCORPOR.VTED UNDER STATE CHARTER.
Cobb,
8c
y bonds.
Co.,
STREET,
Pres.,
Dudley Hubrars, Cashier.
COLLECTIONS made In ALL PARTS of
45 Wall Street.
BANKERS,
&
Brown Brothers
ALABAMA.
-
KtJBOPE.
DRV0N3HIHB STKEBT,
BOSTON,
BANKERS,
Negotiate First-Class Railway, City
Hope
Office,
Commer-
the World.
Cbableb Hopkins,
-
Company,
New ¥ork
N. Y.
Issue Circular Notes and Letters of
Credit for Travelers; also
cial
AND OTHER CONTINENTAL CZTHS OF
& Co.,
St.,
...
Savannah Bank
i
Morton, Bliss
NATIONAI.
Commercial Bank,
Capital,
TRAVELERS' CREDITS.
On Union Bank
(September 14, 1872.
HVDR
Pri>«t.
G. P. Curry,
Excbanso Bank, Angusta, Ga.
Southern Securities 'of every description, ^1z.; Un
current Bank Notes; State, City & Railroad Stocks
Bonds and Coupons.
all parts of this State and
^T" Collections made
South Carolina, and remitted for on day of collection
at curr e nt rate of New York Eichange.
Cubbedge
&
Hazlehurst,
BANKERS AND BROKERS,
MACON GA.
end do a General Banking an d
Brokerage Business.
Mal^e CoUectlonn
RKKHK TO EAST RTVKR NATIONAL RAITK."
W. M.
F. Hewson,
STOCK BROKER,
Office
Reter to
21 West Third Street, Cincinnati, Ohio.
All CincinnaU Basks, and Messrs. LOCK-
No.
:
ffOOD &
Co.,
New
York,
,
THE CHRONICLE.
1872 j
September 14
Commercial Catds.
Miscellaneous^
MORE THAN
ONE HUNDRED VOLCMKS OF
Olyphant&
HoiiB Kone, Slianirlial, Foochonr
Canton, Clilua.
Living Age
HEl'RKSKN-rKI»
»n(l It
OLVPHANT
admit-
I«Bued every Saturday
glTM
4c
10 Cornhlll, E. C, London.
BY
and Iron Rails,
New Vork. Steel
St.,
Ever ett & Co.
numbers
or more than
Three Thousand Double-Column Octavo
Pages
of rea<llnir matter yearly; and la the ONLY COMPI-with a SATISC ACTOHT
ihnt
nresenis.
LATION
COMPLETENESS as well nefrcsliiiess. the bi-st »»ay«,
Heyerdahl, Schonberg & Co.,
31 PINE STREET, NEW YORK.
ce., of Cliina,
ac
104 Wall
of sixty-four pages each
ilfty-two
Co.,
COMJII8S10N MERCHANTS,
tedly •'coniinueB to stand at the
head of Its class."
It
Bailroads.
Littell's
havflbeen Issued.
365
f^e
United Htate* for
tJte
Samuel Fox
66 State Street, Boston*
4!o.'«
ic
BESSEinER STEEL RAILS.
AGKNTS FOR
AronSTINE HEARD
Affentt in
A CO.,
KAILKOAD SECI'RITIEH NEGOTIATED.
.
CRUCIBLE STEEL WORKS,
OF CHINA AND JAPAN.
»•
Tales, Poetry. Scleiitlllc, Bloiiraphlcal. Historical, and PoUlleal InforuiatUm. from the
entire bony of Korel({n Periodical Literature, and
Reviews.
from the
(';
Iticlsiiis,
pei]8
ABLEST LIVING WRITERS.
to keC'i pace with the events
ol the time, or to cultivate In himself or his family
general Intelligence and literary taste.
The Nation, N. V., pronoiinceH tt,—
" The best of all our eclectic publications.'
The Pfiiladelphifi Prese itat/s,—
••Frankly speaklog, we aver that The Living Age
any country.**
ha^no equal
The Aamnce, Chirauo i8fptember,\i10),iiailil—
Littell's uiving Age
•Every weekly number
Dow-a-days is equal to a first class monthly. For solid
merit. It Is the cheapest magazine in tiie land
Fabllshed weekly at $8 00 a year, free of postage.
An extra cony sent gratis to any one getting up a Cub
ol five New Subscribers. Address,
'
m
m
LITTELL
&.
GAY, Boston.
The Best Home and Foreign
at
Literature
Club Prices
For T;n Dollarn, Littell's Living Aok, weekly
containing the cream of Foreign Periodical Lit.:r.'
tare aed either one of the Leading Magazines ol
Home Literature named below, will Be seul to one
address tor one year vi7..
Uai:pkk's Monthly (Oil Wkitklt. or Bazar), Thk
Atlantic Monthly. Lippincott's Monthly. Thk
ur, lor
$^1
5tt,
n & 94 Franklin street
NEW YORK.
BOSTON.
6H Franlilin Btroet
Box
No.
"
CHAS. THOREL &
DFarren Cotton
SouTB Fourth
Co.,
&c..
William Wall's Sons,
Cordage,
nillls,
Boston Dncic Co.,
Franklin Co.,
Tborndlko Co.,
GANGS OF RIGGING MADE TO ORDER.
Office, 113 Wall St., N. Y.
Sons,
Iron and Steel Rails
Bar RailK,
YORK.
Cordis
inills.
Rosendale Cement Co.,
CEnEN r OF THE BEST or.vi.irY
No. 102 Wall Mreet,
Wm.
Locomotive Works.
MANUFACTURERS OF
Locomotives, Stationary Steam Engines, and Tools,
MANCHESTER. N. H.
ARETAS BLOOD, W. G. MEANS,
J.
W. BB EDICT. Secretary.
I.
OFFICE OF
STEARINE
ARD
Septembers,
Sts.
the Secretary of the Treasury, notice Is hereby given
to the holders of 3 Per Cent Temporary Loan Ccrtiflcatcs. Issued under the Acts of March a. 1867, and July
25. 1868, that all such certiUcatea dated from Sep.
tember 1."), 1868, to October 1, 1868, of the denomination of 15,000, between the numbers four thousand one
hundred and Hftyfour M,l54), and four thousand three
"14) Inclusive, ^nd of the dehundred and fourt•>»'"
nsmlnatlon of
the numbers four
^
thousand Ave h^'ilQ^u.^ Kobcn 4,r (4,574) and four
thousand »«' '[^'"itf^T*. 4^^ leiander (4.719) Inclusive, will be paroli,,^ '"tfsg "'"^i'ch,
'CO, and that
from and after th<,'*</ «„ ""t^.,
,l«Ti, such
.,
certificates will cease t» •,„" 0(o„,'"*"'<'"t> -ill be no
longer available as a potiPo ., '"eaa v(<tl money
'
^'
''"'..
reserve of any National Bans.?' tlii,
THOMAS H'«o t '*! Vict
BEAVER STREET,
NEW
I-tOS
Edward W.
Serrell,
CIVIL ENGINEER,
-o-
RAILROADS. BRIDGES AND EXPLOHATIOSB,
"SEBRELL'S PATENT WROUGHT
IRON VIADUCTS."
attention given to the exaralnstlon
for cap itallsta seeking investments
NAYLOR & COT7~
BOSTON,
NEW YORK,
John
street.
PHILA.,
80 State street.
Cast Bteel Frogs, and
all
other
Railway Use.
YORK.
HOUSE
WM. BORDEK.
inerztaanfs,
PAILS LOCOMO-
LOVELL.
L. K.
208So.4thstrea
CAST STEEL RAILS,
CAST STEEL TYRES,
:
18TJ.
S9
STKKL and
TIVES, CARS, and other Supplies, .^,^.- negotiate
RAILWAY BONlirs. L )A<S. ac.
99
CONTOKMITY WITH INSTKUCTIONS FROM
YORK.
Railway Contmlsalon
Coniract for
li,
SALES OFFICE
Boston.
PINE STREET.
NEW
^F" Particular
Works
01
St..
Jones & Schuyler,
f Public
WashlnKton, Veatry&Greenivlcb
U. S. Assistant Treasurer,
NEW YORK.
Co.,
and
New York.
Devonshire
78 Broadivay, Nenr York.
&
PRIME
I.EAF I.ARD,
Tre- surer.
42
i
New York.
Wilcox
"^
MANcSSsTER
12
W. COBLIES,
Street,
to arrive.
Manchester. N. H.
REPRKSENTED BY
66X Pine
New York,
Siiperliitcndeut
Smith, Baker & Co.,
coramissioN oterchants,
E.
Johnston,
In store.
Yokobania and Hiogo, Japan.
Iiaconia Co.,
&
OF APPROVED FOREIGN AND DOMESTIC
MANUFACTURE.
HAVE FOR SALE
3,000 TonM 56 lb. "CrawHltay " Flab
and Dealers
NEW
JIMKS JOUNsrOH
1,000 Tons 56 lb. "North YorkwHire" do., In atorc.
500 Tons 56 lb. " Aberdare" do..
MANUFACTURERS OF
IW FltONT STREET,
llfOELOW.
P.
48 Pine Street,
No. 11 Old Slip, New York.
ONLY Supplied.
m HEIflP
CHICAGO:
SSSoutu Canal Street.
St.
Bigelow
MANUFACTURERS OF
SAlteRATirS,
The Jobbing Trade
Federal St«««t.
59 3oU n Street, N. Y.
EDWARD
SUPER CARB. SODA,
125
W^m. TOOTIIE, General Aeent,
,
ELEPHANT BACKING,
No.
PHILADELPHIA:
Coffee Okuers Received foh Rio de Janeib
&
BOSTON:
No. 59 Joiix Street.
218
*c.
t
NEW YORK:
and Padang.
CO.. Yokohama.
CLARK, SPENCE & CO.. Galle and Colombo
GILFILLAN, WOOD & CO.. Singapore,
SANDILANDS, BUTTERY & CO., PejlW.
John Dwight
Ac,
OFFICES
BEPRESENTINQ
DUMMLEK & CO., Batavia
Messrs.
Co.,
Iflfs.
AndroDCOffslu nUlii,
Continental jnilla.,
IN
YORK.
FOR EXPORT AND DOMESTIC USE.
BateH MfK. Co.,
R.
NEW
4000.
MANUFACTURERS OF CORDAGE,
Company.
Columbia
Manufacturers of
BEAVER STREET.
No. 87
P. O.
Henry Lawrence &
AGESrS FOB
Pepperell mn^. Co.,
Co.,
CRUCIBLE STEEL TYRES,
Axlea, ForKlnea,
PHIIiAOELPHIA.
Cbettant street
OtlH
Higginson,
Stephen
Hbor.i.
S.& E.Wright & Co.,
&
William Butcher
LewlMtown, Pa.,
or
TouNH K»LKS. Address as
Ml
approved mer
chandlze.
applkton'b Joubnal
Tue Livinq Aok anc. OuB
Galaxy. Old and New,
J.
of
of the
every one who -wishes
n In thfrefOTf Indiupmmble tooilr.tclU-ctualpr-'KreBS
(weekly);
Advances made on conslirnments
Borden & Lovell,
coramissioN hierchants
AND
General Agenta.
IN
Steel Materia] for
LONDON
NAYLOR, BENXON
& CO.*
31 Old Broad Street,
who give special attention
to orders for
Railroad Iron,
as well as Old Kallti, Scrap Iron and Metala.
'
..
,
AsttotantKOjyjj^U.S.
Mining
Borden
CnmBERLAND
Co.'s
COALS,
FAIil.
RIVER IRON WORKS
NallS)
W
CO.'S
Bands, Uoopa and Roda,
«ua
71
>YE3T
ST..
Hew
Vork.
John C. Graham
&
Co.^
SELIflA, ALABAItIA,
AND
Buyers of Cotton
For a Comnilaslon.
1:HE tJHRONICL'E.
866
CuNARD
James A. Cottingham,
SHIPPKK
Locomotives, Cars
RAILROAD IRON,
BCaOONEKS, BAUaES, ASU LIOHTEBS,
FOBWAKDING
OF
A
Rails
Steel
Wednesday. Sept. 11.
Wednesday, Sept. 18.
Wednesday. Sept. 25.
Wednesday, Oct. 2.
Wednesday, Oct. 9.
RUSSIA
CUBA
JAVA
SCOTIA
FOR
Jamaica and Savanilla.
and
Specialty.
For
FltANCT^LYN, Agent.
G.
For
UNUSUAL INDUCEMENTS
to the troude.
and to
enc-ire safety
and despatch
In
STEAMERS
General Transatlantic Co
Perkiue,
ViLLK DB Paris,
ViLLE DE St. Nazaire,
ViLLE DE Bordeaux,,
Laurent,
ViLLK DU Havre,
Europe,
Washington,
ViLLK UK IJREST,
nouveau-monde,
Atlantique,
France,
Panama,
L0UI8IANE,
Floridk,
Liverpool,
1
1
CARRYING THE UNITED STATES MAIL.
WESTERN
THE LIVERPOOL AND GREAT
one of their first
STEAM COMPANY will despatch
class, full-power. Iron screw steamsWps from
PIER No. 46 NORTH RIVER, EVERY WEDNESDAY
as follows
o
. ,0 „, 3P.M.
18,at « o vi
Sept.
IDAHO, Cant. Price
urance to any point required.
Oct. 23,
Capt. Price
Cabin passage, »80 gold.
^,
.
,.-,..
„„ „
Steerage passage (Office No. 29 Broadway) tSU cur-
HOWARD
Philadelphirt.
14 North 5tn Street,
mediate ports, and
,
Once a month.
Philip
Ij
7{
PANAMA to VALPARAISO, calling
From
Branch Lines,
WILLIAMS & GUION, No. 6S Wall-st.
JUSTICE,
York.
42 Cliff Street.
Porto
ST.
THE SIX LARGEST
ATLANTIC,
6,000
Fro?n thf 'Wliitc Star Dock, Pavonla Ferry, Jersey City.
Passenger accommodations (for ail classes) uiirl-
AND COMFORT.
^'"^''•TaFEt!-, SPEED
THOMAS
GEORGE niACKENZIE,
midship section, where least motion is felt, burgeone
and stewardesses accompany these steamers.
in
Agent. 58 Broadivay.
»80 gold:. Steerage, $30 currency.
wlsliing to send for friends from the Old Coun-
RATES-Saloon,
Those
now
obtain steerage prepaid certificates, »33
parts of America.
India, Australia
all
PACIFIC MAIL STEAMSHIP COMPANY'S
Hamburg, Norway, Sweden,
China, etc.
^
,
. ,
Excursion tickets granted at lowest rates.
Drafts from *1 upwards.
.,„„,,
or plans and other infonnation, _appl>
For inspection
~
Y'BOlnces, No. 19 Broadway, New \ork.
at the Company's
J. H. SPARKS. Aeent.
,
To
THROUGH lilNE
California & China,
AND Japan.
Transport ation.
Stonington Line.
THROUGH FARES— NEW YORK TO
SAN FRANCISCO,
FOR PROVIDENCE AND BOSTON.
Miscellaneous.
and
The splendid steamers of the South Pacific Line,
leave Panama for Valparaiso and intermediate Points
of Ecuador, Bolivia, Peru and Chili, on the 30th of every
month and connect closely with the Steamers of the
Pacific Mail S. S. Company, leaving New York on the
15tli ©f every month for Asulnwall.
For Rates of Passage and Freight. Dates of Departure, or further Information, apply to
tons burden—3,000 h. p. each.
from New York on 8a1ttrDA\S from
Liverpool on THURSDAYS, and Corii harbor the day
Paris,
inining Ropes, Cables, &c,
nalv'd Iron Wire, snip's Rlsglug,
fial v'd Corrugated Sheet Iron,
AVrouglit Iron Screw Piles,
Ship's Forglngs, dec.
:
month.
REPUBLIC,
CELTIC,
ADrUtIC.
BaLtIC,
OCEANIC
''"pMsengers booked to or from
Steel and Iron Ralls,
C. S. Tyres and Axles,
Steel and Iron Wire,
[Postal]
ASPINWALL,
„
NEW YOKK, CORK AND LIVERPOOL.
STEAMSHIPS.
NEW AND FULL-POWERED
IN THE WORLD.
try can
SOUTHAMPTON BUILDINGS.
to
Rico,
(.lamaica,)
^
Saloons, state-rooms, smoking-room, and bath-rooms
Justice,
S.
O N DO N .
THOMAS
calling »
Haytl, Santiago de Cuba, Kingston,
vice verxn; Once a month.
to FORT DE FRANCE, (MAItFrom ST.
TiMcjcK,) calling at Basse Terre, (Guadeloupe,) Pointea-Pitre, (Guadeloupe,) St. Pierre, (Martinique,) and
vice versa. Once a montti.
I'rom FORT DE FRANCE, (Martinique,) to CATENNK, calling at St. Lucia, St. Vincent, Grenada, TrinOnce a
idad, Demerara, Surinam, and vice versa.
From
Yorii.
8.
New
at Inter-
Once a month.
vice ve7-sa.
^
Sailing
PHILIP
Company.
NEW
rency.
NEW YORK.
r.
to
Martinique. La Guayra and Sta. Martha, and vice verna
JAIYIKS A. COTTINGHAM,
104 West, corner I^lberty Street,
MITCHELL,
Caravelle
IDAHO,
REFERENCES.
New
SONORA,
Caraibe,
Cacique,
VERA
MANHATTAN, (5apt. J. B. Price... Oct 9, at WK A.M.
? M.
NEVADA, Capt Forsyth
v9";'- i'''^?',,^
at 11 A. ?J-
For freight or cabin passage apply to
Cliff Street,
GUYANE,
YORIi, calling at Brest
vice verm. Twice a month. Shortly once a week.
CRUZ, calling
From ST. NAZAIRE to
santander. St Thomas and Havana, and vice versa
Once a montl:.
From ST. NAZAIRE to ASPINWALL, calling at
Uailroad
D. BISHOP.... Pres. N. T. & N. H.
Supt. N. Y.& N. H. llallroad.
JAMES H. HOYT
of L.I.
R.P>.
Side
3H\RLES FOX. Es<4 ...Pres. South
Supt. South Side B.U. of L. L
DOUGLASS
LANG & CO
Guadeloupe
Desirade,
atlantlc
From HAVliE
HON W.
G W
W. BAILY,
Mabtiniquk,
Postal Iilnes of the General Trans-
Sept. 25, at 12 M.
Oct. 2, at 3 P.M.
MINNESOTA, Capt. Morgan
WISCONSIN. Capt. T. W. Freeman
i
St.
:
shipments of the above.
Port of New
Iron and Steel Kails forwarded from
Contracts
States.
Torlc to any part of the United
smne, and
made to Include all the expenses in port mi
5.
PIM, FORAVOOD &: CO.,
No. 88 Wall Street.
(Via <lueenHtowii.)
with this
Haying for many years been Identlflod
us to oBer
business our great experience enables
Service.
ITIall
freight and passage apply to
»13C
gold, according to accommodation.
$15 gold addlUonaL
Tlcltets to Paris
Return ticliets on favorable terms.
$30 currency.
Steerage
Steerage "tickets "from Liverpool and Queenstown
and all parts of Europe at lowest rates.
Tlirough bills of lading given for Belfast, Glasgow,
Havre, .\ntwerp and other ports on the Continent, and
for Mediterranean ports.
„
. .i.
For freight and cabin passage apply at the Company's oHice, No. 4 Bowling Green. For steerage pasBuiliUiig.
sage,
,
* at 111 Broadway, Trinity
, ^^,
CHAS.
Monthly
NEXT DEPARTURE ABOUT OCTOJER
and Saturday Iroio
»80, 1100,
Company.
Steamship
Saturday. Sept 14.
Saturday, Sept. 21.
Saturday, Sept. 28.
Saturday. Oct. 5.
Saturday Oct. 12.
.
ON FIKST CLASS
ATLAS
Line-.
AMERICAN KOYAl
THE
'" BRITISH AND NORTH
MAIL STEAMSHIPS,
AND LlVEROOL,
BETWEEN NEW YORK
CALLING AT CORK HARBOR.
FROM NEW YORK.
CHINA
ABYSSiNiX;
*
BATAVIA
ALGERIA
PABTHIA
CALABRIA
And every Itollowilig Wednesday
New York
RATES OF PASSAGE.-Cabin,
AND
and
Ocean Steamships.
Ocean Steamships.
Railroads
Iron
[September 14, 1872.
THE SPLENDID
SIDE- WHEEL
«112S to $150
----------$60
First Class
Steerage
STEAMERS
STONINGTON,
Gorham Ml'g C- mpany'^
Capt.
According to location of berth.
Wm. Jones.
These rates Include bertiis, board, and
NARRAGANSETT,
Capt.
at 5
33,
connect with
all
the
necessarica
CHANGE OF SAILING DAYS.
Ray Allen.
North River, foot of Jay street, daily_
o'clock P. M., arriving at Boston In ample time to
Leave Pier
all
for the trip.
EARLY EASTERN TRAINS.
-
to destination, jgl
'
Tickets sold and State Rooms secured at No.
319 Broadway, cor. New Pearl street, and at Westcott
Express Co.'s, 785 Broadway, cor. Tenth street 1,302
lar Baggage checked
fr
;
Broadway, cor. Thirty-fifth street or SH Washington
D. S. BABCOCK, President.
street, Brooklyn.
;
New Jersey Southern RR
Steamers of the abovellne leave PIER No. 42 NORTH
foot of Canal street, at 12 o'clock, noon.
RIVER,
On
10th, 20th
except when tiiose
& 30th of Each month,
daj-s fall
on Sunday,
tlien the
day
previous.
One hundred pounds
of baggage free to each adult
Medicine and attendance free.
Steamer will leave San Francisco 1st every month
for China and .Japan.
,„,.._
For freight or passage tickets, and all further infor.
mation, apply at the Company's ticket oUice on the
street.
Canal
foot
01
wharf,
F. R. BABlf, Agent.
THE STEAMERS
Sterling Silver Ware.
No. 3 MAIDEN I.ANE, NEW YORK.
JOSEPH BACHMAN
J. J.
BAOnMAN.
R.
B.
B.
r.
BA(T«AS
Watson,
COTTON BUITER.
Plymouth Rock and Jesse Hoyt
will leave Pier 28, North River, (foot of Murray street,
connecting at Sandy Hook, with trains of N. J. S. RR.),
A M —Through train for Philadelphia, Vlncland,
Bridgeton, Bay Side and Vinelaud stations.
9-40 A. >1.- Way train for Tom's River, Waretown,
and lnterme<iiate stations.
4-00 P. M.— Through train, same as
M
.
4:45 P.
Mann
The 6:45 ami 9:40 A. M. and 4:00 P.M. lines connect
for
° Red Bank the two latter for Port Monmouth.
G.
Georgia.
„
„.,.,,
A. M. Ex-
6:45
Lon; Branch. ,
,
Branch.
M.— Special train for Long „
All Tnlns Stop at Iiong Branch.
press for
;
jnAOON'
tia do « Oe^
JlroSeragj,' 'nef
^'e-lB
* No.
,0:
W. BENTLEY,
eeneral Manager, 120 Broadway
r. P. FlN<ia, Agent, Ker W.
91 J^
i
-^
.>a«e
,
and
Sole
''
/
tiexr Yorlif
to)
2
y^
,
!
:
fM
IbTlj
fiepteraber 14
Insurance.
InsuraDoe-
OFFICE OF THE
THK
Mutual
Niw
YoBK, January
from
1st
LOUIS
P.
marked
Agency,
January, 1871
.^tna Insurance Comp'y,
HARTFORD Conn.
INCORPORATED 1819.
2,033,675 18
Total amonntof Marine Premiums.
.
$7,446,452 69
Wo policiis
have been isBucd upon Life
Risks ; nor upon Fire Risks disconnected with Marine Risks.
Premiumsmarked Off from Isl January,
1871, to Slst December, 1871
$5,375,798 24
Cash Capital
Net
Springfield
FIRE AND mCARINE INSURANCE
Cash Capital
Net Assets
.....
....
$500,000 OO
$900,106 76
The Company has
the following Assets, viz.
United States and State of New York
Stock, City, Bank and other stocks.. $8,143,240 00
Loans secured by Stocks and otherwise 8,379,050 00
Real Estate and Bonds and Mortgages.
217,600 00
Newport Insurance Co.,
ao, 1871.
and sundry notes and claims
due the Company, estimated at
Premium Notes and Bills Receivable..
Cash Capital
386,739 4i
JAS. A.
.......
AliEXANDER
$200,000
&.
No Bisks have been taken upon Holla
of Vessels.
Earned, during the
period as above
Vxasun
Paid for Losses and Kxpenseo, loss Savings,
&c.,dnrinf; the same period
Return Premiums
AUGUST BELMONT,
which were Issued (in rod scrip)
for gold premiums such payment of interest and
certificates
A. A.
I
LOW,
I
liO.TO IS
361X10 00
44,004 40
tl.063.547 19
A Dlvldetid In Script of FIFTEEN PER CENT, la
declared on the net amount of Earned Premiums for
the year ending December 30th, 1871. for which Certificates will belBSued on and alter TtJESDAY, the
day ol April next.
M
TRUSTEES!
.John K. Myers,
A C. Richards,
O. D. H. Gillespie,
C.B Mllnor.
Martin Bates.
HENRY KOOP, Assistant Manager.
HUGO MENZEL, Attorney.
XRUSTEES
S812.569 Of
Premlu'n Sotes & Bills Receivable
Subscription Notes in advance of
Premiums.....
Re-Insurance and Claims dne the
Company estimated at
.......
G.
the rollovrlnc
Cash In Bank
(101,837 61
United States and other Stocks... 4.^9.231 45
Loans on Stocks Dravlng Interest 272,(100 UO
payment and cancelled.
OF WINTEISTIIUR, SWITZERLAND.
Assets,
$1,464,693.64
OFFICE IN NEW YORK:
No. 63 AVIlllain St., Corner of Cedar.
the Sixth of February next.
^VThe outstanding certificates of the issue of 1868,
will be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday
the Sixth of February next, from which dats all
Interest thereon will cease. The certificates to be
produced at the time of payment, and caucelled.
19
4«iJ
cease.
MARINE AND INLAND INSURANCE
COMPANY
be
per cent Interest on the outstanding cerlt-fl
cates of profits will be paid to the holders thereof,
or their legal representatives, on and after Tuesday
off as
February, from which date, intfrest thereon will
I'he certificates Lo uu proauced at tltfieol
LLOYD
SWISS
n
t<87,tJ3
STANDING CKKTIFICATKS OF THE COMPANY.
OF THE ISSUE OF 1866, will be rcdeemi'd and paid
in cash to the holders thereof or their leeal representatives, on and after TUESDAY, the 6th day ol
PECK,
Agents.
$14,806,812 37
Premiums
This Company has issued no Policies except on Carso
and Freight for the Voyage.
SIX PER CENT INTEREST on the outstanding
Ceniacates of Proflts. will be paltl to the holders
thereof, or their legal representatives, ou and alter
TUESDAY. ihB 6th (lay of February.
THE HEMAINlNd FIPTV PKU CKNT of the OUT.
2,405,937 95
274,345 01
inclusive. C02,<I! 9S
Total aueta
OF PROVIDENCE, R. I.
ORGANIZED NOVEMBER, 1871.
Interest,
William LeconeT,
Wm. Hegeman,
James R. Taylor,
Adam T. Bruce,
Albert B. Strange,
Moses A. Hoppock,
:
B.
W. WATTS SHERMAN,
ADRIAN ISEHN.
W.
A. Augustus Lov,
Emil Helnemann,
Jebal Kead,
Bull,
Horace B. Olaflln,
W. M. Richards,
Egbert Starr,
win. T. Blodgett,
John A. Bartow,
Alex. M. Enrle,
B. Waller,
8. C.
Southmayd.
Thos. B. .Merrick,
George A. .Meyer.
FerdVnana A. iSokea.
Walter H. Liwis.
H. C. Sonthwlck.
Francis Moran,
JOHN K. MYKRS. President.
WILLIAM LECONEY, Vlce-Presidai«.
t»
„,„„
THOMAS HALE,
April next.
John
William A Hall.
Theo. w. Morris,
A. S. Barnes,
;
redemption will be in gold.
A Dividend of Forty Per Cent is declared on the
net earned proulums of the Company, for the year
ending Slst December, 1871, for which certificates
will be issued on and after Tuesday the Second of
By
Decembei
Assets.
INCORPORATED
Returns of Premioms
& Expenses. $973,211 84
CashiuBank
to
The Company has
Springfield, Maaa.
1849.
'
Upon
1
Total amount of Marhie
COMPANY.
$2,735,980 63
Total amount of Assets
Company la published In eonformlt*
with the reanlrements of section 12 ol its charter:
Outstanding Premiums. January 1
li*71
»85,010«
Fremlums received from January
Premiums marked
Losses paid during the
period.
-....
....... $3,000,000
$5,000,000
ABDCtii
119
•flairs 01 the
No. 173 Broadway, Nciv York.
off
Y'ork.
BROADWAY, S. W. COU. CEBAK ST.
N«w TosE.'Jannary U,:ira.
HTTHE FOLLOWING 8TATKMBKT OF THl
No.
$5,412,777 81
Policies not
New
Pacific Mutual Insurance
COMPANY,
Agnlntant Secretary .
Fire Insurance
OF LONDON.
$8,000,000 Ciold.
CHIEF OFFICE IN THK U. 8.
....
Nos. 40 to 44 Pine Street,
1856.
JACOB REKSE,
PrcMldent.
BAYARD,
Ilarine Rislcs,
cember, 1871
same
Assets,
its
January, 1871, to Slst De-
Premiums on
let
Establlslied
Trustees, in conformity to the Charter of the
Premiums received on
Imperial
FIRE INSURANCE COMPANT
BHOADIVAV,
I'AKK BANK BUILDING.
20th, 1872.
Compauy, submit the following Statement of
aflkirs on the Slst December, 1871
Ibsuranoe.
NO. 214
Co.
Insurance
'^^1
Hope Fire Insurance Co.
ATLANTIC
The
OHRONiCLfi.
Secretarv.
order of the Board,
H.
J.
OHAPnAN,
Secretary.
Wire Ro
^a/)l/a^ ffoln f/GOOO.O0a
p
e.
STEEL, CUAKCOAL.
and
H. B., of the very best quality
TRUSTEES.
D. Jones,
Joseph GaiUard,
Charles Dennis,
Colt,
Wra. C. Pickersgill,
Lewis Curtis,
Charles H. Russell,
Lowell Uolbrook,
R. Warren Weston,
Koyal Phelps,
Valcb Barsrow,
A P
Jr.,
Pillot,
aturgis,
201
Cash Capital,
Frederick Chauncey,
George S. Steohenson,
Fire
,
rush
pjiiti lit
un
$1,000.00
tin'
DOUBLE ELASTIC
above SecurUiCfl;or
STEEL PENS.
These Pens are of Biipciior English manufacture
and are a nearer approximation to the real SWAN
QUILL than auythuiK hitherto invented. We hav
recently added a new peii to the number, of grea
Buperiority wh ere niu- writing Is dfHJrab le, which
tliey
Oilman,
C.
DBALKB
wodcBignate
1^ A
I
46
THE
(IVKKN ,
or.
I
No, 15
Insurance Stock
Pine street, corner of WtlUam Street, f.Y
Qfosft and oHfirter gross boxes.
Sample Card. conlalniaE all the FIFTEK
NUilBEKS,
!
Fire and Marine
I
\y
INSURANCE SCRIP,
D. JONES, President,
A
on
Spencerian
STREET,
cttuuulsslun, at sellers oiition.
William
&c.
constaully
Purposes.
Stock
.lOHN W. MASON & CO..
43 Broadway, ivewf York
"SPECIALTY."
once for
Inclined Planes, Mining
hand, from which any desired
and Marine Insurance Stocks
and Scrip.
will be suld
Rigging,
Ships,
lengths are cut.
Dealer In
Robert L. Stusrt,
Alexander "V. ii]tiu\
Charles D. Leverich
J.
....
for
Hoisting
Large
RROADWAV.
05 AVALIi
Dennis Perkins,
CHARLES DENNIS, Vice-Pres't,
W. H. n. MOORE, SdVico-Pres't,
J. D. HEWLETT, 3d Vlco-PrM**,
F I Big I N S U RANCE COMPANY,
E. S. Bailey,
William H. Webb,
Sheppard Gandy,
Francis Skiddy,
William E. Bunker,
Samuel L. Mitchell,
James O. De Forest,
Wm.
NIAGARA
Robt. B. Minturn,
James Bryce,
Henry K. Bogert,
'
Gordon W. Bumham,
Charles P. Burdott,
Rob't. C. Fergusson,
suitable
IBuspeuBion Bridges, Guys. Der1 ricks.
B. J. Howland,
Benjamin Babcock,
William E. Dodge,
David Lane,
Daniel S. Miller,
/JSOO.000.
C. A. Hand,
James Low,
W.H.n. Moore,
Henry
1
2/nf^i?9X/a/e>'
securely enclosed, will be sent by mall« o
receipt of 25 cents.
Address
BLAREMAN, TAYLOR k CO.,:
138 & 140.GraBd St., N. Y,
IVlSOPi,
THE CHRONICLE,
368
Cotton.
M. W. Fa
STRICTLV COmmiSSION HOVSE.
R L E Y,
AND
R. M. Waters
&
(Late Watei*, Pierce
& Co.)
eomnrissioN iiierchant.
BOX,
P. O.
fl
W
Wm.
O. BiLDWi.s,
;
r. S.
I,,
UAOLBHOSK,
BROAD STREET, NEW YORK.
Factors,
ST.,
Co.,
COR. OP WILLIAM ST.
mSRCSANTS.
Bay and
sell
Railway Bonds and Negotiate Loans on
Iron RalU, Steel Rail*, Old Rati*,
Bessemer Plx Iron, ^crap,
Steel Tyres, Boiler Plates, &o
AGENTS FOR
The BowllnR Iron Company, Bradford England.
Tlie West (Jumberlaud Uematlte Iron Co., Working
Walsh, Smith,
Crawford
&
Co.,
NEW YORK.
S8 Wall Street,
Robt. L. Maitland& Co.,
Cotton
CEDAR
Railways.
DELIVERY OF COTTON.
43
41
&
Kennedy
S.
J
imPORTERS OP
BUT AND SELL CONTRACTS FOR FUTUBK
Refers by perinleelon to C. N. .Tordan, Ksq., Cashier
Messrs, Howca &
"third National Bank, New York
Macy, Baukera,30 Wall street. New York.
No.
KBNHSDT. BXHBTll. BAKKB. JOBNB.BABKAe
B.
GENERAI, RAIL, WAY AGENTS AND
No. 56 Broad Street,
r
,„,itn.l P»rtni>r«
J
jl'inutott
lartncrs.
Of Montgomery, Alabama.
AliKXANDEB XAITLAND.
JOHN
AND BANKERS,
3909.
Parlst, (Late of New Orleans,) Gen. Partner.
J*»E3 A. FiHI.ET,
Co.,
COTTON COranilSSION MERCHANTS
New York.
Street,
14, 1872.
Railroads.
Cotton.
COTTON FACTOR
132 Pearl
[September
Crawford, Walsh,
Smith & Co.,
COMMISSION MERCHANTS.
Mobile, Ala.
ton England.
Supply all Railway Eaulpment and undertake a
Railway business ifeuerally.
&
Gilead A. Smith
BARTHOLOMEW HOUSE,
BANK, LONDON
No.
Co.,
BROADWAY,
62
NEW
YORK.
P. O. BoxSOJO.
Railroad Iron,
In Forts of New Vork and
New
Orleans.
r«baceo and General Coniniliislon
Mercbants,
Advances made on Conslgument*
Steel Ralls of
to
Bills of
ONDON AND
Lkhhan, Dure &
tiiHJiAN, Abraham & Co.,
New Orleaus, La.
Lehman
COTTON
VERPOOIi.
1,1
Co.,
Montgomery, Ala.
Brothers,
TIES.
Sole Agency la New York for sale of the Arrow,
Buckle and Anchor Ties, manufactured by J. J
McCoinb, Liverpool, Euglaud, for baling Cotton, Mosb,
Wool, etc.
SWENSON. PERKINS & CO.,
60 Wall St., New Tork.
Cotton Factor
Thos.
135
BALDWIN LOCOmOTIVB WORKS
Ten Per Cent Bonds.
80
XbWlN
BDWARD FLASU.
&
Flash
Graves,
COTTON AND PRODUCE BROKERS,
53 Stone
St.
&
17 South AVUllam
St.
NEW YORK.
W.
Jacob
&
Seavbr
Co.,
Ross, Roberts
This will be a hand-book or book of reference for
having any interest in the Cotton market. The
facts and statisticB, agricHltural, manufacturing, and
commercial are complete trom the earliest records to
the present time, and are arranged chronologically so
as to present a protile of ihe progress of the Cotton
trade, and at the same time be of easy reference for
the merchant or speculator.
Not only is the course of the market shown In minute detail, but also the causes inlluencing the price.
The work, which will be a single volume of about
650 pages, is being electrotyped, and will be ready for
delivery in about live weeks. It will be delivered in
any part of the United States for $10 per copy, and In
any partof Europe for two pounds sterling.
Orders enclosing the S'lbscription money will jiow
be received by me, and the book will be transmitted to
Bubscriljere in the order in which the subficriptlpns arc
all
E. J.
New York
1>0NNELL,
Cotton Exchange.
C. D.
Jewell, Harrison
S7
J.
H.
Pine
St..
KDWARD
WILSON,
Winslow
No. 70
No.
200
&
WILLIAM
A
BasKlDK, Bope,
VAN WAGENKN.
&
Bay aod
SMM
Wilson,
ST.,
NEW YORK,
SOUTH FODRTH STREET,
ttpOn, Build,
\
PLANT, PALMSTTO
'"•/
markets.
BOVISION DEALERS, COTTON FACTORS AND
»;.MANtJFACTCKBRS OSt LARD OIL.
&
Manufacturers of Wrought Iron TnbM,
15
Bonds and Loans
for
Iron or Steel Ralls, IiOconnatlTes,
BAUnOST TIBBASD.
STRIPES."
allbuslnesacoKsicrted with Rallnray
ALIZ.
In stock
BROADWTAY,
Steel Rails,
40
W WAUU STREET, KEW
YORK.
&
PISKS
Co.,
NEW YORK.
Iron Rails,
George A. Boynton,
IN IRON,
P.
IXXSSOH FOOTS,
Vibbard, Foote
•
United States Bunting Company.
BROKER
Railroad Cos.,
Contract for
Cars, etc.
and undertake
Widths and Colors always
Company,
LIBERTY STREET
And all kinds of
COTTON CANVAS. FELTING DUCK, CAR COVER
ING-, BAGGINO, RAVENS DUCK, SAIL TWINES
&C. "ONTARIO" SEAMLESS BAGS,
Also, Agents
&
BANKERS ANB RIERCHANTS,
COTTON SAILDUCK
all
Mp Weld
GOLD STREET, NEW YORK.
Negotiate
Manufacturers and Dealers In
supply
Co.,
Bolter Flues, Gas Works Castings and Street
Ualns, Artesian Well Flpe^ and Tools,
Oas and Steam Fitters' Tools, Ac.
69
Polhemus,
full
&
CoflRM.
No. 142 Dnane Street.
Pure I,ard ;Packed for W^est Indies,
Sonth American and European
Morris, Tasker
of all kinds.
OFFICE AND WAREHOUSES:
Brinckerhoff, Turner
A
MO.
Manaox and Equip
sell Securities
M. K. Jesup
"AWNING
ST. LOUIS,
RAILWAYS.
AlO) DIAMOND.
Co.,
merchants.
Iron lias.
Contracts for present and future dellTof Cloth. Agents tor following ijagging Milli.
-AUoImportera of Bio
WIN8I.OW,
F.
Pascal Iron Works, Pblladelpbia.
sell
MFFAioT COTTON
Co.,
n<-v York. Airent
Pres. St.L.& S.E.R'way
Late Bt. Maj. Gen.,U.S.A.
Negotiate Loans and
UIFOBTXRB AND COliUUSSIOK MERCHANT* IK
WATER STREET, NEW YORK,
coninissioN
54
& Co^^^
ftnci
COTTON.
HARRISON,
P. Converse
(Near Wall.)
BOSTON.
I>.
Wm.
New York.
91 front Street^
PRESS AND AVILI, SOON BE
INpublished,
a chronological and statistical history of
S.
and Ettlclency fally guaranteed.
Clias T. Parry,
Wm. P. Heozey
M. Baird,
Geo Burnhara. Edw. H. WIlllamB. Ed. Longstretfi,
Kinish
^^Keport
Commission Merchants,
A B.JEWELL,
Co.,
ON
Consignments of Cotton and other
Produce,
To Messrs. FRED. HUTH & CO., LIVERPOOL,
W^M. P. CAMPBEI,!,,
8T Pearl Street.
COTTON
receiviSd.
&
work accurately fitted to gauges and thorough
Interchangeable. Plan, Material, Workmansklp
All
ly
Advances Made
ORAVBd
A.
Wall Street,
Co.,
PHIIiADELPHIA.
Swenson, Perkins
Neir York.
&
M. Baird
438,000
PEARL STREET,
Bro.,
New York.
Pig Iron,
Acres Land in Texas, for sale by
&
ISS
&
Pope
J.
1292 Pearl Street,
State Of Texas Seven Per Cent Gold Bonds.
co]nms»ioN merciiants.
Exchange on Imperial Bank, London.
RAIIS, COPPER,
SPEI.TER, TIN, I,EAD,
NICKEL, BIS.tHJTH, Ac*
BONDS.
State of Texas
AND
most approved makers.
Lessees of Danville, Pa., Iron Works, makers of
Light Ralls for Collieries and Narrow Guage Roads.
Importers of old Iron Ralls for re-rolllug.
Old
Rails,
AND
RAILWAY EQVIPmENTS.
@FedFRASER