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MAGAZINE,
MERCHANTS’
HUNT'S
$ W^«Htd §kWiSpjijre*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE
1
—■
-
-■
■'—■■■
UNITED STATES.
■"
■ ,mmf
NO. 690.
SATURDAY, SEPTEMBER 14, 1878.
VOL. 27.
'
i.
points in the South, and to such authority there, as*
The money raised, there¬
THE CHRONICLE.
The Suffering South—A Central
I Railroad Earnings in August, and
Relief Bureau
263 |
from January 1 to August 31
271 fore, may not accomplish the most good possible, while
A Substitute for Bank Circulation 264 I Latest Monetary and Commercial
Cotton Movement and Crop of
| English News
272 the need is so very great and so pressing that it would be
1877-78
266 Commercial and Miscellaneous
I News
274 extremely unfortunate if any waste should be suffered
THE BANKERS’ GAZETTE.
in the distribution.
Is not, therefore, the suggestion
Money Market, U. S. Securities,
?quotations
of
Stocks
a*d
Bonds...
278
Dvestments, and State, City and
which has been made very proper, that there should be
Railway Stocks, Gold Market,
Corporation Finances
279
Foreign Exchange, N. Y. City
a
Central Relief Bureau, which should be intrusted
Banks, Boston Banks, etc
275
THE COMMERCIAL TIMES.
Commercial Epitome
287 with the receiving and distribution of all supplies.
*281 Dry Goods—
282 Imports, Receipts and Exports.... 288
Cotton
This plan has the further consideration in its favor
Breadstuffs
286
that it
would encourage
gifts in kind.
The
necessity for such a bureau has been forcibly urged
The Commercial and Financial Chronicle is issued on Satur¬ during the past week by several gentlemen from
Prominent among these is Congressman
the South.
day morning, with the latest news up to midnight of Friday.
Ellis, from Louisiana.
It is the opinion of Mr.
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suits the inclination of each.
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JHxc (fhrmticle.
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do
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£2 6s.
reason
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The London office of the Chronicle is at No.
Street, where subscriptions will be
5 Austin Friars, Old Broad
taken at the prices above named.
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but when definite orders are given for five, or more, insertions, a liberal dis¬
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DANA,
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william b.
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THE SUFFERING
1871, inquire
Mr. Fred. W. Jones.
SOUTH—A CENTRAL RELIEF
BUREAU
still compelled to lament the continu¬
and unabated severity of the plague in the South,
While
ance
we are
and
his associates
that
while
there
is
every
grateful for what is being done, much
done, if we would in any satisfactory way
meet the wants of the situation.
According to Mr.
not
Ellis there are
fewer than from twenty-five to thirty
thousand poor men out of employment. Taking it for
granted that these men represent families of four per¬
sons each, we have thus about
one hundred and fifty
thousand persons who need not only instant care and
attention, but the very bread and water of life. “ All
this,” to use Mr. Ellis’s own words, “ before we touch
the helps needed by the sick and dying—the medicines,
clothing, and little comforts of the sick room.” It is an
appalling picture. To meet this great want, donations
must be on a scale of extraordinary magnitude; and
gifts in kind must be encouraged quite as much as gifts
in money.
This, it is believed, will be most effectually
accomplished through such a bureau. Mr. Ellis ex¬
pressed his views to the Chamber of Commerce of this
city. His forcible appeals deeply impressed the gen¬
tlemen present; and with praiseworthy promptitude
they adopted measures with a view to putting his plan
more
to
be
must be
really pleasing to notice with what alacrity and
earnestness all ranks and classes of the people, in all the
into execution.
great centres, are coming forward and contributing to
Such an organization, when once it is fairly in work¬
the relief of the unfortunate sufferers. This outflow of
charity is, indeed, the one bright feature in the dark ing order, must have a decided influence in developing
picture. To us it is an additional source of gratification the charity of the nation at large, and directing it so
that, in this good work, New York, as is her wont, is that it will be most effectual. There are very many
who cannot give money, who can yet give in kind with¬
setting a noble example.
But it is certainly of the utmost importance that out suffering any inconvenience; and there will be the
less hesitation to make such donations, when it is known
every facility be given to those who are willing to con¬
tribute; and it concerns the giver, as well as the receiver, that they will be received and distributed by competent
that in every part of the country the collection and and responsible parties. We trust this new plan will
distribution of the means of relief should be under the soon be in working order, and, if it is not too much to
direction of competent and responsible management. ask of them, we would suggest that the present Com¬
At present there are very many receivers, some wise mittee of the Chamber of Commerce allow themselves
and some most likely not wise, and all are sending to to be thus further used in this important work.
it is
264
A
THE
CHRONICLE.
SUBSTITUTE FOR BANK CIRCULATION.
[Yol. XXVII.
institution, the loss or waste by bank redemption
cease.
This is entirely a bank loss, as is the mul¬
If the credit of the currency can be equally secured, it tifold cost of
administering the bank system of circula¬
is practically immaterial to the people using it whether tion. If to the sum of these losses be added other
it be issued directly by the government or through the losses, by hindrance to the free use of bank
capital in
national banks or other delegated authority. There is, banking proper, by the enforced excessive investments
however, a question of large economy in the choice of a in bonds deposited for circulation and otherwise, and
system. The present national bank currency has merits the various taxes imposed, a serious doubt arises if there
which cannot be surpassed—the perfect security of the is any actual profit to the national
banks, as a whole
note-holder and the uniformity of value of the notes, body, from their circulation of notes.
Certainly, there
wherever issued, in all parts of the country. But the is no adequate one for the labor and
responsibility
•system is needlessly expensive and wasteful, in the great incurred.
number of persons required to handle it, and far more
The United States Government has a revenue of about
in the cost of mutual redemption between the banks,
2,900,000 yearly, less some considerable expenses con¬
through the Treasury, and the loss of interest and other sequent to it, from its tax on the bank circulation:—a
waste incurred in the unceasing process.
net revenue of
perhaps 2£ million dollars. Since 1862
A system having all the merits and securities of the the government has
nominally saved the interest on the
sum
of
its
present one, yet in a high degree more economical and
outstanding treasury notes not bearing interest
—its
efficient, seems to be desirable. If, also, it can be so
greenback circulation. This has not been a real
adjusted as -to add largely to the revenue which the saving. Its amount has been many times lost in the
government now derives from the currency, and at some higher rate of interest on the funded public debt, long
cost, from the tax on circulation, and at the same time paid in consequence of this unredeemed and floating
to add to the net profits now accruing from it to the public debt, and many more times lost to the
people by
banks, its adoption becomes a duty.
injury to their material interests from the delay to resume
A privilege, which in England within a certain dis¬ specie payments.
Assuming, however, that the interest
tance from London is limited to the Bank of England, upon the debt represented
by the outstanding green¬
and in France is exclusively in the Bank of France, is backs, has been a real
saving to the National Treasury
here distributed among about two thousand national since their gradual appreciation, under the
operation of
Thanks. Each vof them has to bear the separate cost of the resumption act of 1875,
nearly to par of gold, say 4
its own circulation, in its preparation, issue and redemp¬ per cent upon $350,000,000, less the interest on
$150,000
tion, including transportation to and fro, and other inci¬
redemption coin in the Treasury, or about
dental expenses.
The aggregate sum of these expenses $8,000,000 per annum, such a saving will be no longer
is enormous.
If all the necessary work of supplying, possible after January 1, 1879.
Greenbacks will be a
issuing and redeeming the entire note currency of the demand claim on the Treasury for coin after that date.
country, though double the amount now issued by the Experiment only can determine what demand will be
banks, were done by one institution properly arranged - made. They are legal tender by banks in their redemp¬
for it, its total cost would be so much less than is now tions, and so long as they remain out in sufficient amount,
incurred that a statement of the saving would seem in¬ under existing laws they can be made the medium of all
credible until carefully examined.
coin redemptions and payments by their rights of
Yet the sum of this waste is inconsiderable when com¬ demand on the Treasury. It follows, of necessity, that
pared with the loss by mutual redemption. Admitting, the Treasury must be provided with standard coin to
■as; we must, that the existing provisions of law for bank
meet any measure of demand for their redemption, even
redemption of notes at the National Treasury are indis¬ to the full amount outstanding. The law now requires
pensable to safety of the bank system, to equity between their re-issue as received at the Treasury, but it fails to
the banks, and to wholesome and conservative restraint explain how, or by what process, re-issue can be accom¬
upon the exercise of an unlimited privilege of issue, we plished beyond the disbursements of the government not
must also admit that this mutual redemption is very now by law required to be made in coin.
Therefore, if,
wasteful.
Counting the reserves, which prudence for any reason, coin redemption of greenbacks to their
requires every issuing bank to hold against calls for full amount be demanded, it must be made. For this
redemption, in addition to the five per cent required by contingency a constant store of coin in the Treasury
law; the sum of their own notes redeemed and returning will be necessary; possibly so large as practically to
to them; and the sum of other bank notes which each defeat a saving of interest on their issue.
has in transit or at the Treasury, sent for redemption;
If, then, a currency plan is practicable that shall save
and then the sum of legal-tender notes employed in to the National Treasury a larger sum yearly than can
effecting these redemptions, we find it probable that the be expected from the issue of greenbacks; that shall
.'national banks, as a body, constantly lose the use of save to the people all the risk of loss by mistake or fraud
'-$>40,000,000 or $50,000,000, equal to an average loss of incident to a direct government issue, besides preserving
•interest exceeding $2,000,000 per annum. The active or available to them in loanable funds a material portion
loanable funds of the banks are reduced by the sum, the of bank funds now diverted to redemption purposes;
use of which is lost.
Just now, when the supply of and that shall provide a paper currency unfailingly
loanable funds exceeds the demand for them, this last secure and redeemable in coin by an institution possess¬
fact, which concerns borrowers chiefly, is unimportant, ing great wealth, besides depositing with the Treasury
except as all waste of power ought to be avoided.. But ample security for its note issues, surely such a plan
whenever general business shall become active, money must be best for the public interest in every respect.
The Issue Department of the Bank of England is en¬
for loans in great demand, and rates of interest high, the
redemption system, which has been operative only in the tirely separate from the Banking Department, and is so
period of great commercial depression since 1874, will be governed by special provisions of the charter that its
found seriously to reduce the loaning power of the operations may be kept distinct, with its own peculiar
banks. Were the authority to issue currency vested in duties and responsibilities,
one
would
[Commnnicated.]
-
-
*
«f3-
September 14,
THE
1878.]
-
•
CHRONICLE.
r
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265
•;,
i
„
May there not be here, under an act of Congress for vaults an equal sum of standard coin of the United
its incorporation, and prescribing its conditions, privi¬ States.
At all times, upon demand, the Office shall
leges, duties and liabilities, a National Office of
pay out its
Issue, analagous to the Issue Department of the Bank notes in exchange for standard coin; and it may pay out
of England, the shareholders of which shall be (at then- its notes in
exchange for United States notes and national'
bank
notes
when these shall be redeemed and
option) the existing national banks? The reasons
destroyed
which induced the separation of issue from banking in at the United States
Treasury, fco facilitate the transfer
of
the
circulation
to the Office from the Treasury
England, are more imperative here, and are reinforced
and the
banks.
by considerations of economy, before stated, in the cost
of management and in the use of capital, which are far
Notes of the Office of Issue shall, at all times in
beyond any similar considerations presented to English business hours and in any sums, be redeemed in standard
bankers and statesmen in 1844.
coin upon demand at its
principal office, or either of its
Some years ago, Gamaliel Bradford, Esq., known as branch offices.
For the convenience of the people, and to
among the soundest of our writers on finance and bank¬
prevent
ing, devised a plan which was substantially what I now vexatious exactions, the notes of the Office of Issue
present for your consideration. At that time popular shall be a qualified legal tender; that is to say, a legal
opinion ran irresistibly in favor of national banks and tender for all debts due to the government, and all
an
extension of their currency privileges. Attention private debts, except
by the Office of Issue and its branch
was refused to what seemed to be an invasion of those
offices, when not otherwise stipulated in the contract, as
privileges, though really it was a proposition for the long, and only as long, as the said notes shall be kept
joint benefit of the banks, the government, and the redeemable in standard coin at said principal and branch
offices.
people.
(Nevertheless, all creditors shall retain their
The present moment of revolution in popular
feeling, constitutional right to demand payment in standard
of desire for a change that shall increase the
public rev¬ coin upon granting to the debtor the necessary time,,
enue, and of monetary chaos, seems to me opportune for after maturity of contract, to procure the coin at thobringing forward this plan, that it may be considered nearest Office of Issue and transport the same to the
upon its merits, first by the commercial press, as repre¬ place of payment).
The principal or central Office of Issue shall be in the
senting the large business constituency most immediately
interested in it, and then by Congress, whose legislation city of New
York, with a branch office at Washington
must decide upon it as upon all
for
the
convenience of the government, and with branch
monetary matters con¬
trollable by law.
offices
at
"
the chief cities of foreign import trade, Boston,In the following suggestion of a National Office of
Philadelphia (or Baltimore), Savannah (or Charleston),,
Issue, to be incorporated and empowered by act of Con¬ New Orleans, and San Francisco.
A governing board of the corporation to be elected
gress, only some of its principal features can be men¬
tioned, and these subject to such modification asmaturer (biennially) by the shareholders, to consist of a governor,,
consideration may find expedient.
as chief,
one manager for each principal and branch
The name of the proposed institution should indicate
office, and ten directors at large, who shall have full
its character. It should not be styled a bank, because it
authority to appoint a cashier and the necessary clerks
wi 1 have no function of proper banking; its functions and other subordinates at each office and branch
office,
being exclusively those of an office or bureau for the and otherwise to direct the management of the National
-issue and redemption of circulating notes.:
Office of Issue under its by-laws and according to the
It will require no large capital compared with the terms of the act of
Congress incorporating it, etc., etc.
It is evident that national banks, now
large sum of its eventual liabilities. Probably $25,000,having
000 cash (coin) capital will be ample for all
contingen¬ bonds deposited for circulation, and becoming sharehold
ers in the Office of
cies, divided in 2,500 shares of $10,000 each.
Issue, can arrange to transfer their
The shareholders to be (at their option or
preference) bonds to the Office, receiving therefor the notes of the
the national banks now issuing notes; the shares to be Office with which to
replace their own surrendered notes;
equitably distributed among them in proportion either and that by other judicious arrangements the entire bus¬
to their present note issues, to their capital, or
to both iness of note circulation, with its privileges and responsi¬
combined/ The shares not taken by those entitled to
bilities, can be transferred to the Office of Issue without
them to be apportioned or disposed of as the partici¬ commercial or financial disturbance.
•The Office-of-Issue act should prohibit the issue of
pating shareholders shall determine.
As the notes of the national banks are now issued in notes intended to circulate as
money by any and all per¬
the first instance to them from the Treasury
sons
and
Depart¬
corporations, in the United States, except by the
ment upon deposit of United States
interest-bearing Office of Issue, under adequate pains and penalties; and
bonds, so the notes of the Office of Issue shall be issued should forbid any further issue or re-issue of United
in the same way and under the same regulations for States
notes, after the Office of Issue shall give notice to
securities writh this difference: that the Office of Issue, the
Secretary of the Treasury of its readiness and ability
having deposited United States interest-bearing bonds in to supply a sufficient note circulation under the condi¬
the Treasury to the amount of $300,000,000, shall tions of the act.
The Constitution gives to Congress tho
receive the same amount in its own circulating notes, power
to coin money. If there is in thedJnited States
which it may issue in payment for its deposited bonds,
any power to issue or authorize the issue of paper tokens
or in
or
exchange for standard coin, or United States or
representations of money, as pertaining to sovereignty,
national bank notes.
Against the $300,000,000 notes so it must also be in the Congress. The States are forbid¬
issued for bonds, the Office of Issue shall not be
required den to “emit bills of credits” or notes for circulation; can
to hold any specific sum or proportion of coin for their
they create bodies and invest them with power to do that
redemption; but for all notes that shall be issued by the which the States are forbidden to do? The question has
Office above the said sum of $300,000,000 (which
may never been settled. The practice of the States which existed
be termed “ the uncovered issue”) it shall hold in its when the Constitution was
adopted was permitted to
,
266
THE
CHRONICLE
[Vol. XXVIL
continue down to 1862,
and was recognized by the when any commercial or financial crisis shall come, the
banks will have no care of note issues, no fear of sus¬
contrary to the Constitution.
Analagous to the power to coin money is the power pension of specie payments, except on their deposits.
to issue or authorize the issue of its paper tokens. Let us Sure of coin on
demand, note-holders will not call for it
assume that Congress has this power, as it was exercised
except for foreign exchange. There will be no struggle
courts
as not
in the several charters of the United States Banks and in
national bank law. The 'right to dispose of the profit
of its exercise goes with the power.
We see that this power can be delegated to a
body
created by law, that can be held responsible, under
between banks to
run
home each other’s notes for coin
legal-tender of any sort. The banking capital will
all be free to its proper work, except so much as shall be
invested in shares of the Office of Issue and in the
depos¬
or
ited
bonds, a constant portion of their capital.
I think it cannot be doubted that the
banks,
ample security, for the faithful performance of the high
relieved
it, as no independent government can from the care and liabilities of their note circulation,
make itself responsible, that is, before the law, and to will find their
banking capacity enlarged and disembar¬
the humblest citizen. Such a body can perform the rassed, while
retaining their respective shares in the
duties better and at much less cost than the government
privileges they before enjoyed, and with larger profits.
itself. For their performance, the corporation so endowed As custodians of a great
part of the active capital of the
and empowered, must be compensated for its
work, its country, they have the most direct interest in a rightlyuse of capital, its
expenses, and its risks. To employ constituted and perfectly-guarded note currency, always
this efficient agent the government must share with it and
everywhere having the value of standard coin. The
^he profit of its sovereign right to issue the
paper cur¬ larger but less direct interests of the people and the
rency to an extent satisfactory to the agent. The service government are to be equally promoted.
cannot be compelled; it must be
B. F. Nourse.
procured by the com¬
pensation.
If this proposed plan shall afford an
aggregate net
COTTON MOVEMENT AND CROP OF 1877-78.
profit twice as large as the sum of profits now
Our statement of the cotton crop of the United States for the
derived from note issues by both the banks and the
year ending September J, 1878, will be found below.
It will be
government, there ought to be no great difficulty in seen that the total crop this year reaches 4,811,265 bales, while
arranging such a division of profits between them as the exports are 3,346,640 bales, and the spinners’ takings
should be satisfactory to all concerned.
1,546,298 bales, leaving a stock on hand at the close of the year
of
43,449 bales. The tables which follow show the whole
Two methods have been suggested. First, that the
movement for the twelve months.
The first table indicates the
interest on all the bonds deposited for
circulating notes stock at each port, Sept. 1, 1878, and the total on
Sept. 1, 1877,
shall not be paid to the Office of Issue, but shall be
the receipts at the ports for each of the last two
years, and the
covered into the Treasury as a special fund, from
which, export movement for the past year (1877-78) in detail and the
in quarterly payments, shall be
paid to the Office of totals for 1876-77:
Issue a yearly sum sufficient to cover
(1) the expenses of
Receipts year
the Office of Issue; (2) an interest of 5 per
Exports year ending Sept. 1, le78.
Stock
ending
cent on its
Sept.l
Great
Chan¬
Other
cash capital; (3) a fair compensation for the
Sept. 1, Sept. 1,
1S78.
Fr’nce
respon¬
1878.
Britain. nel.
la77.
for’gn Total.
sible duty of supplying, issuing and
redeeming the Louisiana.. 1,391,519 1,195,035 743,131 79,336 325,403 305,223 1,453,096 4,086
entire note currency of the United States. These to¬ Alabama
419,071
860,yi8
101,641
16,146 36,306 164,093
1,106
S. Carolina.
450,980
122,407 9.528 70,355 103.584 305.874 1,965
468,024
Georgia.
604,676
166,726 12,260 35,'083 140,017 354,086
491,800
gether may amount, as may be determined, to $5,000,- Texas
3,369
461,823
506,634
173,481 12,684 26,971 12,038 225,174
3,828
Florida
000 or $6,000,000 yearly, besides an
23,089
5,277
21,818
5,277
exemption from N. Carolina 150,505 138,087
29,084
5,923
1,780 19.890
56,677
131
all taxation on the capital and business of the Office of Virginia
513,985
515,941
157,153
2,204 159,357
56
New York.
121,211*
trust committed
•
PORTS.
.
.
...
'
...
Issue.
Boston
Philadelp’a
The interest
145,412*
110,992*
52,861*
13,563*
8,440*
100,206*
45.218*
7.871*
336,606
127,872
24,544
39,148
9,176
5,847
9,758 49,748
2
600
•»•••*
401,959 23,521
127.874 2,442
25.144
2,435
58,367
510
stopped on $300,000,000 bonds at 4 per Baltimore..
19,219
Portland...
4,105*
9,176
cent would be $12,000,000 per
S.Francisco
436
annum.
If $6,000,000
486
yearly be paid to the Office of Issue, the Treasury would Tot. this yr 4,345,645
2,036,732 125,573 495,499 (-88,831 3,346.640 43,449
Tot. last yr.
4,038,i41 2,024,877 94,700 466,704 463,216 3,049,497 119,631
profit $6,000,000 per annum and the office $6,000,000,
These figures are only the portion of the
less its interest on cash capital and
receipts at these ports
expenses, together which arrives overland from Tennessee, <fcc. The total receipts at New York,
Baltimore, Boston and Philadelphia, for the. year ending August 31, 1S7S, are
double the sum of net profit derived
by both banks and given in a subsequent part of this report.
government from the existing wasteful system. This
By the above it will be seen that the total receivts at the Atlan¬
method has the merit of fixing
tic
and Gulf shipping ports this .year have been 4,345,645 bales,
precise terms and of
avoiding all temptation to over issues by the Office. The against 4,038,141 bales last year. If now we add the shipments
from Tennessee and elsewhere direct to
manufacturers, we have
interest gained or stopped by the
Treasury on the $300,- the following as the
crop statement for the two years:
000,000 of bonds is not lost by the Office, which receives
Year ending Sept. 1
that sum in notes available as
1877-78.
1876-77.
money in paying for the
*
-
/
v
bonds.
The other method
is, that while the Office shall
receive regularly the interest on its
deposited bonds, it
shall pay to the United States
(in lieu of taxes, &c.,
heretofore paid) a fixed sum for the exclusive
privilege
of supplying the note
currency—say $5,000,000 per
In either case, the conduct of the Office to be
subject
at all times to
inspection and supervision by one or more
duly-appointed officers of the government; and its offi¬
cers to be held under
proper bonds for their fidelity.
The importance of separating
utterly the functions of
issue from those of
tion
done,
banking,
cannot well be overstated.
and the note issues made secure of
redemp¬
beyond question, in reality and in public estimation,
4,345,645
4,038,141
317,620
300,282
4,663,265
148,000
4,338,423
bales..4,811,265
4,485,423
manufacturers
Total
Manufactured South, not included in above..
Total cotton crop for the year,
The result of these
annum.
That
Receipts at the shipping ports
hales.
shipments from Tennessee, &c., direct to
Add
figures is
_
147,000
total of 4,811,265 bales as the
crop of the United States for the year ending August 31, 1878.
We are much surprised at this result, as it is
60,000 bales more than
we estimated it.
Our supposition was that the corrections would
be much less than a year
ago; but they appear to be even larger.
It now remains to give in detail the
processes by which these con.
a
elusions have been reached.
Overland and Inter-State Movement.
The two modes of
marketing cotton—the
one
through the
Southern outports and the other overland—do not bear this
year
September 14,
to each other
—and it is
a
THJE CHH0N1CJLE
1878. |
quite the
same relation as heretofore. That is to say
noticeable feature—the volume of the Northern rail¬
road movement shows very
267
4
Mo. Ean. A Texas HR. connection.
Springfield A Ill. Southeastern RR.
C Illinois Central HR. and branches.
D St. Loots & Southeastern RR. (from
Shawneetown and Evansville )
E Cairo & Vincennes RR.
F Evansville A Crawfordsvllle RR.
G Louisville New
Albany A Chic. RR.
H&K Jeffersonville Madison A Indian¬
apolis RR. and Madison Branch.
I
Ohio A Miss. RR., Louisville Branch.
L Ohio A Miss. RR.. main line.
M Connections In Ohio of the Balti¬
more A Ohio RR.
A
B
O
P
Baltimore A Ohio RR.
Louisville A Nashville RR. and Mem¬
phis Branch.
Through route Memphis to Norfolk.
Chesapeake A Ohio RR.
little increase, although the crop is
T Orange Alexandria A Manassas RR.
much larger.
U Washington route, via Richmond
This is unlike the experience of recent years; yet
Fredericksburg A Potomac RR.
the fact is not evidence, as some claim, that water routes or old
V Richmond Chesapeake A York River
Railroad.
channels are asserting a new power, but rather that the principal
W Southern route from Richmond and
Norfolk.
increase in the crop did not come this year from the sections
X Short Line RR., Louisville to Cincin¬
nati.
drained by some of these railroads. For the next few years,
By examining the above diagram, and with the aid of explana *
however, we do not anticipate anything more than a moderate
tions made in our previous annual reports, nothing further will
growth in the overland movement, and for the reason that
the tendency among railroads now is to compete less for be needed to explain the following statement of the movement
business beyond the district under their immediate control; they overland for the year ending September 1, 1878:
Se16S
are more intent on
securing paying rates than in simply adding Shipments for the year from St. Louis
248,337
to their tonnage.
12,593
This is on their part a change of policy. Carried North over Illinois Central Railroad from Cairo, &c
87,619
While, therefore, as year by year the crop is added to, there will, Carried North over Cairo & Vincennes Railroad
Carried over Mississippi River above St. Louis
33,558
of course, be growth in the amount the Northern roads move;
Carried North over St. Louis & Southeastern RR
None.
but the larger share of the increased production—with no special Carried North over
Evans v. & Terre Haute RR., less re-shipm’ts.
17,349
influences, such as yellow fever or very low rivers, diverting the Carried North over Jeffersonville Madison & Indianapolis RR... 132,928
movement—will most likely seek a market through the Southern Carried North over Ohio & Mississippi Branch
34,726
.
.
outports.
In
determining this
each of
features.
these
year
different
And yet,
the portion of the
routes,
we
crop forwarded by
have introduced no new
to prevent any misunderstanding, a brief
Shipped throughCincinnati by Louisv.Cincinnati& Lexingt’n RR. 44,215
Receipts at Cincinnati by Ohio River
71,200
Carried North over Washington City, Virginia Midland & Great
Southern R.R
explanation is
necessary.
First.—We have followed
Total carried overland
usual
plan of counting each bale
of cotton at the Southern outsort where it first appears. This is a
simple rule, applying to every part of our annual cotton crop
In this way we not only preserve the unity of the
report.
report, and therefore simplify it, but, as a consequence, also
make it more intelligible, and less liable to error.
Second.—From the gross carried overland we consequently
deduct all cotton shipped by rail from Southern outports to the
North. For instance, from New Orleans, Mobile, &c., frequent
shipments are thus made, an account of which is kept,
but it is all included in the crop of New Orleans, or Mobile,
&c., as the case may be, when it first appears there, and there¬
fore when the same cotton appears again in the overland, it
must of course be deducted, or it will be twice counted.
our
Receipts overland at New York, Boston,
Philadelphia, Baltimore and Portland.... 331,268
St. Louis shipments to Louisville, New Or¬
leans, &e
9,836—341,104
Southern consumption and shipments inland
from*—
Galveston
New Orleans
are counted at
is well known, the
item by itself, and
lots which thus go
Southern consumption from the Southern outports,
deducted somewhere, they will be twice counted.
are
Fourth.—We also deduct the arrivals, during the year, by rail¬
road from the West and South, at New York, Boston, Baltimore,
Philadelphia and Portland.
Those receipts reached these ports
by coming across the country, and appear in our weekly totals,
becoming a part of the receipts at the ports, under the heads of
“New York” and “Other
Ports,” but now have been divided up
separate city, according to the amount
thus received by it during the year, as indicated in the first table
of this report.
All this cotton, then, having been counted dur¬
ing the year, must now be deducted as has been done.
With these explanations, our'detailed overland movement given
below will be readily understood.
Of course, in making up that
movement, we have followed the plan which was first suggested
and acted upon by ourselves thirteen years since. Up to that time,
this item had only been a crude estimate, based
upon the
Memphis and Nashville statements. Now we have made it as
and included under each
exact
our
,
record
any other portion of the crop total.
Below is
usual outline map or diagram, by the aid of which one can
a
as
9,662
215,660
Mobile
Savannah
,....4.
North Carolina ports
4,498
Virginia ports
13,067—243,392
Less shipments inland heretofore deducted—
Mobile from New Orleans.
20
New Orleans from Mobile
Savannah from Mobile, &c
Charleston from Savannah, &c...
Norfolk from
Total
now
178,562
25,844
557
3,493—208,476— 34,916
Wilmington
to be deducted
376,020
Leaving the direct overland movement not elsewhere count’d.317,620
*
As stated above, these items are deducted—(1) so that “ Southern
Consumption” can be added to the crop in one item; (2) because “ Ship¬
ments Inland” have once been counted as receipts at the ports named.
According to the above, the total carried overland this year
693,640 bales, against 636,886 bales las$ year, and the move¬
ment direct to manufacturers this year reaches 317,620 bales,
against 300,282 bales a year ago. This shows an increase over
last year of 56,754 bales in the gross movement, and of 17,338
bales in the net movement.
We now give the details of the
entire crop for the two years:
was
Louisiana.
1877-78.
Exported from N. Orleans:
To foreign ports
1,453,096
To coastwise ports
244,187
To Northern ports by rail
and river.
7,439
o ooo
Burnt, manufactured,&c.
-
Stock at close of year ...
Deduct :
Received from Mobile...
Received from Florida
Received from Galveston
and Indianola
Stock beginning of year.
..
1876-77.
v
178,562
,
1,204,591
188,003
4,398
843
4,086—1,711,031
-
21,356-1,419,191
85,403
^
14
221
119,580
21,356—
Total product for year
109,125
29,407—
319,512
1,391,519
224,156
1,195,035
Alabama.
readily trace the course of the movement where it crosses the
M ississippi, Ohio and Potomac rivers, as given in the statement
Exported from Mobile :*
To foreign ports
To coastwise ports
which follows.
Burnt and manufact’d
Stock at close of year....
Deduct:
505
•
Charleston
They, also, for the sake of unity and simplicity,
the outports where they first appear.
But, as
entire Southern consumption is made up in an
added to the crop.
Hence, unless these small
693,640>
Deduct—
Third.—We deduct from overland likewise the small amounts
taken from the Southern outports for Southern consumption.
into
579
Shipped to mills adjacent to river and to points above Cincinnati 10,539
..
Receipts from N.Orleans.
Stock at beginning of
year
164,093
218,703
255,712
144,536
636
1,106—
312
421,547
2,456—
20
2,456—
Total product of year
366,007
862
2,476
4,227—
419,071
5,089
360,918
*
Under the head of coastwise shipments from Mobile are included (in
addition to the amount shipped to and deducted at New Orleans,
Savannah and Charleston) 36,537 bales shipped inland by rail, which
will be found deducted in the overland movement.
Texas.
Exported from Galveston, &c:
To foreign ports, (except
Mexico)
224,427
To Mexico
To coastwise ports*
Burnt and manufact’d..
Stock at close of year ...
*
256,928
747
1,307
239,277
249,079
406
3,828—
,
468,685
4,768—
512,082
Coastwise exports are made up as follows: 232,338 bales from
Galveston; 6,901 bales from Indianola; 38 bales from Brownsville.
268
THE CHRONICLE.
[Voi, XXVII
Texas—(Concluded.)
Deduct:
Received from New Or-
—1877-78.
leans, &c
Stock
at
2,094
of
beginning
year
Total product for year
6.862
5,345—
461,823
..
Deduct:
Received from Wilming¬
ton
Stock beginning of year..
5,448
506,634
Florida.
To foreign ports
To coastwise ports
Stock at close of year....
Deduct:
Stock at
beginning
21,824
6—
year.
6
Total product of year
From Nashville
From other places
1,362
21,732
6—
21,818
11
23,089
To coastwise ports—Sea
Island
*258,828
193,613
.Brunswick:
To foreign
ports—Upland
To coastwise ports—Up¬
land
Burnt
Manufactured
Stock at close of year—
Upland
Stock at close of year—
Charleston, &c
Received from Florida—
Upland t
Received from Florida—
Sea Island 1
Stock at beginning of
year—Upland
In these coastwise
Add
shipments
to
shipments to
1,045—
879,597
6,241—
104,866
92,947
85,936
95,624
33,666
10,611
317,620
300,282
548,329
5,812—
783,889
505,276
New
331,268
278,613
317,620
300,282
648,888
578,895
manu¬
...
Total product from
nessee, &c*...
Ten-
*
Except the shipments to New Orleans, Norfolk and Charleston, which
included in the New Orleans, Virginia and South Carolina
crops.
Total product detailed above by
States, for the year ending
1,869
635,040
99-
25,844
10,624
75
48
692
864
1,785
616
1,869
2,858
99-
30,364
604,676
are
181-
506,991
Sept. 1, 1878
Consumed in the South, not included
1- 4,663,265
148,000
Total crop in the United States for the
year
1878
Below
we
give the total crop each
Years.
Bales.
1877-78.... 4,811,265
1876-77....
1875-76....
1874-75....
1873-74....
15,191
491,800
included 49 bales reshipped to the
interior by rail, and deducted in the overland
statement.
t These are only the receipts at Savannah from
the Florida outports,
.and being counted in the Florida
receipts, are deducted here. Besides
these amounts there have also been
25,944 bales Upland and
Island, from the interior of Florida, received at Savannah 5,918 Sea
during the
.year
346,209
6,241—
facturers direct.
1,261
of
exports
409,127
46,970
are
Total product of year
*
384,469
York, &c
6,876
.
3,355
Deduct:
Received
Received from Beaufort,
Total
7.842
6,932
2,910
14—
from
Mobile
and New Orleans
of year
4,733
2,847
456
at Memphis and
Nashville at beginning
1,138
8,459
Sea Island
Stock at beginning
year—Sea Island
Stock
289,560
4,111
575,941
416,396
53,029
in
Shipped from Memphis
to New Orleans, &c....
Shipped from Memphis,
&c., to Charleston, &c.
Shipped from Nashville
to Charleston, &c
Shipped direct to manu-
Georgla.
348,302
2,937
431—
513,985
Stock in Memphis and
Nashville at end of year
Deduct:
*
These figures represent this year, as
heretofore, only the shipments
from the Florida outports.
Other Florida cotton has gone inland to
.Savannah, Mobile, &c., but we have followed our usual custom of count¬
ing that cotton at the outsort where it first appears.
Exported from Savannah:
To foreign ports—Upland
To foreign ports—Sea Isl.
To coastwise ports—Up-
3,680
5,398
Tennessee, Mississippi,
23,100
11—
1,905—
Tennessee.
Shipments:
5,277
16,547
-1876-77.-
.
3,493
Total product for year
Exported from Fernandina, &c.:
^
1877-78.
.
103
4,768—
<
Virginia—(Concluded.)
-1876-77
1872-73....
1871-72....
1870-71....
1869-70....
1868-69....
1867-68....
1866-67....
1865-66
1861-65
1860-61
by rail.
Years.
1859-60
year
ending Sept. 1,
4,811,265
since 1831:
Bales.
4,823,770
1858-59.... 3,994,481
Years.
1844-45....
Bales.
2,484,662
4,485,423
1843-44.... 2,108,579
4,669,288 1857-58.... 3,238,91-2 1842-43.... 2,394,203
3,832,991 1856-57.... 3,056,519 1841-42.... 1,688,675
4,170,388 1855-56.... 3,645,345 1840-41.... 1,639,353
3,930,508 1854-55.... 2,932,339 1839-40.... 2,181,749
2,974,351 1853-54.... 3,035,027 1838-39.... 1,363,403
4,352,317 1852-53.... 3,352,882 1837-38.... 1,804,797
3,154,946 1851-52.... 3,090,029 1836-37.... 1,425,575
2,439,039 1850-51.... 2,415,257 1835 36.... 1,360,725
2,498,895 1849-50.... 2,171,706 1834-35.... 1,254,328
2,059,271 1848-49.... 2,808,596 1833-34.... 1,205,394
2,228,987 1847-48.... 2,424,113 1832-33.... 1,070,438
no record
1846-47.... 1,860,479 1831-32....
987,477
3,826,086 1845-46.... 2,170,537 1830-31.... 1,038,847
Consumption.
South Carolina.
Never has the cotton
goods trade of the world passed through
similar to that of this year. Estimates of con¬
experience
331,803
5,677
sumption made when it opened, left the supply of raw material
far short of the needs of
spinners; and all through the year
132,573
To coastwise ports—Sea
every authority has predicted a great scarcity, and some almost a
Island
6,468
5,601
Exported from George¬
cotton famine before the season closed.
That these anticipations
town, Beaufort, &c....
1,907
473
have
not
been
realized is now a matter of history—slow trade,
Burnt at Port Royal
486
Stock at close of year—
short hours, idle spindles in almost
every country of the world,
Upland
1,852
1,949
Stock at close of year—
being
in brief the explanation.
Sea Island
113- 459,993
949— 479,511
The question of chief interest to-day,
Deduct:
is, to what extent is this to
Received from Florida—
be the experience of the
coming
year.
far as Europe is concerned,
So
Upland
8
134
we cannot see
Received from Florida—
any very encouraging signs of a revival of the
Sea Island
5,550
7,013
cotton goods trade.
We think it has been greatly overdone dur¬
Received from Savannah,
&c
557
743
ing
past
years, under an unusually stimulated demand; and until
Recovered from
bark
the wants of the world grow
Disco
up to the present spinning power,
1,834
Stock at beginning of
or we have another unnatural
exhilaration of its consuming
year—Upland
1,949
1,417
Stock at beginning of
capacity, we must expect slow trade. We have not*space here to
year—Sea Island
949346—
9,013
11,487 enlarge upon these
subjects. On another occasion we have fully
Total prodnct of year
450,980
468,024 explained the position, as we view it.
It may be epitomized in
I the simple statement that the
Included in the exports from Charleston this
year are the following
spinning power of the world in
•exports from Port Royal: To Liverpool, 8,613 bales
Upland; to coast- 1865 was about 2,000,000,000 lbs.
'Wise ports, 16,391 bales Upland and 892 bales Sea
(5,000,000 bales of 400 lbs.
Island.
each), and now it is over 3,000,000,000 lbs., or 7,500,000 bales of
North Carolina.
same
weight. Nothing but the world-wide speculation, fostered»
Exported from Wilmington, &c.:
To foreign ports
first,
by
the high prices of cotton; next, by the inflation, delu
56,677
36,374
To coastw ise ports*
92,714
sion
and
100,211
fancied wealth in the United States; next,
Taken for consumption..
by our bor*
879
1,206
Burnt
500
rowing
millions
upon
millions
from
Europe,
and
throwing them
Stock at end of year
131— 150,901
396
138,187 back with lavish hand for
Deduct:
productions at highly remunerative
Stock beginning of year..
396—
396
100—
100
prices; next, the general rise in the value of commodities almost
Total product for year
the world over, and, finally, of
150,505
wages—nothing less than all these
138,087
circumstances
combined could have produced such results as these
Of these shipments 1,005 bales went
inland by railroad from Wil¬
mington, and are deducted in overland.
figures indicate. And is it not evident that it will require more
months
yet of re-adjustments and new development, before the
Virginia.
Exported from Norfolk, &c.:*
wheels of this industry can run smoothly
and healthfully again ?
To foreign ports
159,357
121,169
To coastwise ports
In confirmation of our statement of the
347,592
present
spinning power
445,774
Taken for manufacture..
12,378
of the world, compared with that of
11,100
Burnt
1865,
we give the following
101
Stock at end of year,Nor¬
two tables.
The first table is the statement for 1877, all the
folk, <fcc
56— 519,383
1,908— 580,052 figures of which,
except those for the United States, having been
Norfolk, Ac..” exports are made up this year as follows: To
foreign taken from Mr. Ellison’s Circular of last October. The second
Exported from Charleston, &c.:*
To foreign ports—Upland
299,508
To foreign
ports—Sea Isl.
6,366
To coastwise ports—Up¬
land
143,779
an
*
.
....
*
•'
,
ports, all the shipments are from Norfolk; to coastwise
ports, all the
shipments are from Norfolk,
except 76,448 bales from Richmond,
Petersburg, &c.
table
gives the actual takings of the world from 1865 to 1870, and
for the five years.
the average
cr
September
1865-9807
THE CHRONICLE.
14,1878.1
CONSUMING POWER OF THE WORLD IN
Spindle,
39,500,000
19,500,000
1,231,000
10,500,000
33
53
75
65
1,303,500,000
3,258,000
1,033,500,000
2,584,000
92,325,000
682,500,000
230,810
1,706,220
70,731,000
44
3,111,825,000
7,779,030
Total.
Pounds.
Pounds.
edly
Burnt, North and South*
6,386
Stock
on hand end of year (Sept.1,1878)—
At Northern ports
28,908
At Southern ports
14,541—
43,449
1, 1878
1,420,100,000
1,705,400,000
1,639,400,000
1,570,300,000
Total
4,875,500.000
3,158,500,000
8,034,000,000
631,700,000
1,606,800,000
360,000,000
1,966.800,000
we
2,335—3,395,460
Taken by spinners in Southern States, included in above
total
:
1,698,800,000
With regard to the trade in the United States
3,121
.
Total takings by spinners in United States, year ending Sept.
1,065,400,000
prev: ous to 1870
6,474—3,340,166
Sent to Canada direct from West..
markets
567,400,000
681,400,000
691,900,000
584,400,000
633,400,000
Average Europe
975,100,000
Average United State. 3 during same tim
3,346,640
foreign cotton included
At Providence,&c.,Northern interior
Continent.
Pounds.
852,700,000
1,024,000,000
947,500,000
985,900,000
Europe
the year.
Less
WORLD, 1865 TO 1870.
Great Britain.
Average takings
Bales of
400 pounds.
Total Pounds.
per
Spindles.
TAKINGS OF THE
Total
Of this supply there has been—
Exported to foreign ports during
Pounds
Number of
Great Britain....
Continent
India
United States....
1877-78.
269
take
a
decid¬
the market better goods at a less cost than our rivals.
reasons our home demand will be left much more
For these
nearly for our¬
supply, and as other business activities revive, we shall
thus find profitable employment for all our
spindles and a stimu¬
lant to healthy growth for the future.
Then again, as is well
known, there is a growing outside demand for our goods, which
we are able to meet at a
profit. A new trade is of course of slow
development, and especially at a time like this, when every
country is manufacturing without profit, and forcing its produc¬
tions on unwilling customers.
But notwithstanding the many
discouragements, the movement is in a healthy condition, and full
of future promise.
In this connection it is a singular fact that
the average factory earnings
(of operatives) are higher in this
country than in 1860—that is, higher above the cost of living
than in 1860; yet, while their
earnings are more, the cost of
supplies more, and cotton as high, the prices of cotton goods are
much lower than then; higher speed, better
machinery, greater
skill, and close economy in management, permit this result. The
following is a statement of the exports from the United States of
selves to
cotton manufactures for four years:
148,000
takings by Northern spinners....
bales. 1,398,298
£3^** Burnt includes not only what has been thus destroyed at the
Northern and Southern outsorts, but also all burnt on Northern rail¬
roads and in Northern factories. Every lire which has occurred, either
in a mill or on a railroad, in the North, during the past
year, we have
investigated; and where there was cotton lost, have sought, and in
almost every case obtained, a full return of the loss.
The
foregoing indicates that the North and South have together
consumption from this crop 1,546,298 bales. Excluding
Fall River, the Northern mills are supposed to have worked less
hours in the aggregate than last year, but the
falling off was more
than covered in weight of goods produced by the coarser
average
of cloth made.
The new spindles put in motion
during the year
are
probably about 50,000 to 60,000, but these are offset by mills
taken for
hopeful view. In the first place, it is not at all likely
foreign dry goods will ever again come here to anywhere
near the extent usual
prior to 1873. We can manufacture for
ourselves better and
cheaper now. The very depression we have
passed through has taught us great economies in manufacture,
while the labor-saving mechanical devices we have introduced burnt and laid
idle,
since then and during previous years
are enabling us to put upon materially increased.
more
that
1,546,298-
that the spindles worked have not been
At Fall River the spindles (about 1,300,000)
have been idle in part.
Almost every mill there, was on half
time, or less, in July and August; this, together with the stoppage
of the Union, Border City, and Sagamore, probably
gives in the
aggregate some reduction from last year; but there was also short
time the previous summer, so the comparative loss was small.
We estimate the total spindles in the North now at about
9,900,000, and in the South at 600,000, or a total in the country of say
10,500,000. The following shows the total takings for all pur¬
poses at the North and by the mills at the South, for a series of
so
years:
Taken
By—
Northern Mills
1874.
1875.
Bales.
Bales.
,1876.
Bales.
1877.
1878.
Bales.
Bales.
1,063,465 1,177,417 1,062,522 1,211,598 1,288,418 1,398,298
137,662 128,526 145,079 145,000 147,000 148,000
Southern Mills
Total
1873.
Bales.
takings from crop 1,201,127 1,305,943 1,207,601 1,356 598 1,435,418 1,546,268
Weight of Bales.
The gross
made
weight of bales and of the crop this year we have
as follows.
We give last year’s statement for com¬
up
parison :
EXPORTS OF COTTON MANUFACTURES.
Tear
Ending June 30.
Colored goods..Yards.
do.
Value.
Uncolored goods..Yds.
do.
Value.
Other manfs. of. Value.
Year
1878.
1877.
1876.
37,765,313
29,111,434 16,488,214
$2,959,910
$2,446,145 $1,445,462
88,528,192
$7,053,463
76,720,260 59,319,267
$1,422,255
$6,424,154 $5,314,738
$1,310,685 $952,778
1874.
4,600,447
$660,262
13,237,510
$1,680,297
$744,773
Total cotton manufac-
turesexp’rted. Value. $11,435,628 $10,180,984 $7,722,978 $3,091,332
Crop of
Texas
Louisiana..
Alabama...
,
ending September 1, 1878.
Number
Weight in
of bale?.
pounds.
461,823
1,391,519
419,071
Georgia....
604,676
S. Carolina.
450,980
Virginia...
513,985
231,770.490
655,405,449
214,509,872
288,430,45*25
209,137,465
241,690,466
69,436,185
Year
ending September 1, 1877.
Average Number
weight. of bales.
501*66
Weight in
Aver’ge
pounds.
weight.
254,163,078
50167
542,247,131
178,838,478
228,195,200
458*75
477*00
506,634
1,195,035
360,918
491,800
463 74
468,024
212,019,552
453*01
470-23
575,941
267,570,6b9
62,412,562
355,018,416
464-58
471;00
511-87
495*51
464-00
461*37
451 98
138,087
figures show that the total is still small if we measure N. Carolina 150,505
818,708
Term.,
&c..
468'00
399,528,523
474*00
748,984
it by the possible demand, and
yet the effect of even the present
Total crop
movement on the goods market in this
4,811,265 2,309,908,907
480-10
463*28
4,485,423 2,100,465,086
country must be very con¬
siderable, as will be understood when it is remembered that the
According to the foregoing, the average gross weight per hale
export the past year of, for instance, uncolored goods (88,528,192 this
season was 480TO lbs.,
against 468*28 lbs. in 1877, or 11*82
yards) was fully 10 per cent of the total production of such goods lbs. more than
last year, which indicates over 9 per cent increase
in the United States.
It goes far also to
explain our continued in the total
weight of the crop. Had, therefore, only as many
full consumption of cotton. The
export movement runs largely on pounds been
put into each hale as during the previous season,
heavy makes, while the short time has been almost wholly in the the
crop would have aggregated about 121,492 bales more than
finer work.
But besides the spinning demand,
evidently the uses the present actual total. The weights are unusual this
year, as
of cotton in this country are
widening. We have shown on a may be seen from the
following comparison:
previous occasion that in worsted and
These
.
woolen mills and knit
goods there is
constantly increasing proportion of cotton con¬
reasons it is that,
notwithstanding the short
time at Fall River, the
aggregate takings are considerably in
excess of the
large total of last year, as may be seen from the
following statement of the consumption of cotton during the year,
sumed.
a
North and South:
year (Sept.T, 1877)—
At Northern ports
At Southern ports
i
At Providence,&c.,Northern interior
83,882
35,756—
markets
Total supply
bales.
Weight, Pounds.
4,811,265
4,485,423
4,669,288
3,832,991
2,309,908,907
2,100,465,086
2,201,410,024
4,170,388
year
ending Sept. 1,1878
4,811,265
The New
The last table,
119,638
130,493
4,941,758
is, of
Av. Weight
per bale.
1,786,934,765
1,956,742,297
foregoing
are gross
480*10
468*28
471*46
46800
469*00
weights.
Crop and Its .marketing.
showing the comparative weight of the present
the only true measure of its extent. Such a
production as that statement shows, in such a season as was 1877,
suggests that an under-estimate was made last year—and if last
year, then this year also—in acreage, and also affords an instruc¬
crop,
10,855—
during
1877-78
1876-77
1875-76
1874-75
1873-74
Crop,
Number Bales.
It should be remembered that the
Total crop of the United States, as stated above
Stock on hand commencement of
:
Crop,
Season of
For these
tive
course,
guide in estimating future growth.
With regard to the crop
270
THE CHRONICLE
|"Vgl. XXVII.
which has
just begun to reach the ports, the promise now is very
Georgia—(Concluded.)
Without, however, giving place here to speculations,
1877-78.
1876-77.
Rec’d from Beaufort, &c
7,703
facts in relation to its maturity will be valued, not
48—-4,468.
only for present
use, but also for future reference, as the early or late condition Total Sea Isl’d crop of Ga..
3,608
1,669
South Carolina.
of the crop is an influence which
Receipts
at
Charleston
11,106
always affects for some weeks
11,057
Shipped from Port Royal,
the movement to the ports.
We have, therefore, brought
coastwise
892
768
together the data with regard to the receipt of first bale and the Receipts at Savannah from
Bluffton, &c
48
total receipts to Sept. 1st of new cotton for several
years.
First Shipped from Beaufort to
Great
Britain
we give the date of the
—11,998
51—11,924
receipt of first bale:
Deduct:
favorable.
/
v
,
—
-
Received from Florida...
Date of Receipt of First Bale.
1872.
So. Carolina—
Charleston.
..
Georgia—
Augusta
1873.
1874.
1875.
1876.
1877.
1878.
Aug. 7 Aug. 19 Aug. 13 Aug.14 Aug. 13 Aug.21 Aug. 5
Aug. 10 Aug.18 Aug.16 Aug. 1 Aug. 17 Aug. 27 Aug. 8
Sept. 3 Sep. 14 Aug.14 Aug.22 Aug. 28 Aug.10
Atlanta
Sept. 5
Savannah—
From Ga.... July 31
From Fla
July 31
Macon
Aug. 12
Columbus
Aug. —
...
..
..
Aug. 9
Aug. 10
Aug.19
Aug. 11
Aug. 6
Aug. 7
Aug.12
Aug. 8
July 30
Aug.20
July 28
Aug. 10
Aug.
Aug.
Aug.
Aug.
2
2
2
9
Aug. 7 July 25
Aug. 7 Aug. 3
Aug. 3 Aug. 2
Aug. 11 Aug. 3
Alabama—
Total Sea Isl’d crop of So.C.
.
Mississippi—
Vicksburg
....
Tennessee—
Nashville
Aug.14 Aug.14 Aug. 9
Aug. 8 Aug. 2 9 Aug.21 Aug. 2 8 Aug.17 Aug.24 Aug.20
Supply,
of
Stock,
Sep. 1,
Aug. 22 Aug.22 Aug. 15 Sept. 3 Aug. 30 Sept. 4 Aug.18
Aug.16 Aug.22 Aug.12 Aug.23 Aug.23 Sept. 1 Aug.12
Texas—
Galveston—
F’mBr’wnsv. July 16 July 10 July 9 July 16
July 7 July 13 *Jne 30
First other
July 23 July 23 July 17 July 9 Aug. 1 July 17
DeWitt DeWitt DeWitt DeWitt Galv. Lavaca
Wherefrom
..
{
*
a
County County County County County County
Passed
through New Orleans at this date.
These dates show that the
crop matured early everywhere.
better indication are the arrivals of new cotton to
But
ARRIVALS OF NEW COTTON TO SEPT. 1.
1873.
1874.
1875.
1876.
1877.
220
None.
568
None.
226
1,028
1,254
212
124
217
304
1,421
32
7
396
506
253
None.
Mobile, Ala
251
New Orleans, La... 1,641
Shreveport, La
41
Vicksburg, Miss
Nashville, Tenn
75
Memphis, Tenn
Galveston, Tex
5,975
Augusta, Ga
Atlanta, Ga
Savannah, Ga
Macon, Ga
Columbus, Ga
Montgomery, Ala..
1878.
117
6
1,589
3
50
1,500
227
113
4,765
1,286
67
195
74
288
190
247
47
71
9
175
320
212
114
58
342
66
530
429
40
419
1,113
56
46
51
38
....
28
1,989
2,706
86
6,218
898
156
216
72
662
304
1,628
38
1
None.
48
1
187
*200
10
48
1,051
8,691
5,282
Sept. 1
9,784
4,597
5,373
return received as yet.
Estimated; no
These receipts would have been
not the yellow fever visited the
8,163
8,981
2,467
20,759
larger than they are, had
Mississippi Valley. But even as
they stand, they
appear to prove
even
that this is
one
of the earliest
crops in our record.
Sea Island
Crop and Consumption.
Through the kindness of the various receivers and shippers of
Sea Island cotton, we are able to continue our annual
report of
that staple.
As our readers are aware, no record is kept of the
export movements of Sea Islands except for the ports of Charles¬
ton and Savannah.
For the Northern ports, Custom House mani¬
fests furnish no guide.
We have found it
impossible, therefore,
to perfect these figures
except by special correspondence in every
case with the
consignee or the shipper, and in this way following
every bale of Sea Island, after it appeared at a Southern outport,
until it either had
actually been exported or taken for consump¬
tion.
We should also state that for the
shipments of cotton
direct from Florida to ports other than Charleston and
Savannah,
we have in the case of each
consignment, at the time of its
receipt, procured from the receivers the exact number of bales of
Sea Island received. Hence, in the
following results thus
obtained, there is but little room for error.
Florida.
•1877-78.
Florida direct
Georgia.
Deduct:
Received from Florida... 5,348
Received from Florida for
30
2,355
4,347 2,019
1,920 1,017
6,366
2,937
14,739
30
167
25
13
30
167
25
13
2,567
411
2,978
254
3,049
754
—
754
2,795
—
6
1,048 24,825 25,873 1
From the
foregoing
127
6
25,746 12,594 3,701 16,295
that the
total growth of Sea Island
this year is 24,825 bales; and with the stock at the
beginning of
we see
the year 1,048 bales, we have the
and distribution:
following
the total supply
as
This year’s crop
Stock Sept. T, 1877
bales. 24,825
Total year’s supply...
Distributed as follows:
bales. 25,873
1,043
Exported to foreign ports
16,295
127—16,422
Leaving for consumption in United States
9,451
We thus reach the conclusion that our
spinners have consumed
of Sea Island cotton this year
9,451 bales, less whatever
(if any)
be remaining in our Northern ports in excess of
indicates a very considerable increase in consump¬
tion in this country the present season, even over the
large total
of last season.
The following useful table shows the
crops and
stock there may
last year.
This
movement of Sea Islands since the
war:
CROP.
Season.
1817-78.
14,739
11,214
1S76-77.
1875-76.
1874-75.
1873-74.
1872-73.
1871-72.
8,950
30
29
77
204
920
4,756
■
^
-
#
•
^
-
♦
....
1S65-56.
..
6,448
4,911
8,313
7,400
8,825 1,408 8,759
10,764 1,269 13,156 1,100
899
5,624 1,567 8,755
704
8,753 4,934 7,218
9,948 9,225 7,334
6,703 6,371 5,608
10,402 6.296 4,577
11,212 10,015 11,001
2,428 10,957 5,630
1869-70.
1868-69.
1867-68.
1866-67.
Total
3,608
1,669
1,213
1,110
Amer¬
EXPORTS.
South
Florida Geor¬ Caro¬ Tex¬ Total.
gia.
as.*
lina.
....
Great Conti¬
Britain nent.
24,825! 12,594
3,701
17,823
11,865
14,996
11,591
1,369
1,345
17,027
19,912
26,289
16,845
21,609
26,507
18,682
21,275
32,228
19,015
13,139
16,986
22,847
14,991
19,844
22,776
15,388
19,707
30,314
18,086
Total
ex-
«•
ican
Con¬ *
o
sump¬
ports. tion.?
CO
P
®
-
1,907
1,887
15,046
127
9,451
4,068 1,048
527
1,915
382
2,192
18.873
2.113
622
593
61
1 940
23,469
1,523 1,667
1,526
370
1,672
635
1,851
152
392
145
16,295
13,234
12,936
15 584
19,905
24,716
17,239
19,859
30,706
18,231
1,399
1,368
1,670
1,597
1,100
593
603
211
156
410
485
117,875 59,642 95,553 3,963 277,033 230,128 15,965 .246,093 31,614
The column of
‘‘American Consumption” in this table includes
....
*
burnt in the United States.
Movement of Cotton at tlie Interior Ports.
Below
interior
give the total receipts and shipments of cotton at the
ports, and the stock on the 1st of September of each year.
we
Year
ending Sept. 1,1877. Year ending Sept. 1, 1878.
Receipts. Shipm’ts. Stock. Receipts. Shipm’ts. Stock.
189,733
Selma, Ala
Memphis, Tenn.
Nashville,Tenn.
189,693
72,534
79,112
67,337
69,330
384,358
47,500
Total, old ports.
909,864
Dallas, Tex
Jefferson, Tex..
Shreveport, La.
44,104
Augusta, Ga..
.
Columbus, Ga..
Macon, Ga
M’tgomery,Ala.
36,926
101,835
55,048
72,282
79,570
67,509
69,919
384,469
46,970
164,010
73,350
60,474
106,284
468
787
324
164,277
73,641
60,415
105,954
92,506
92,681
5,292
328
455
527
1,117
499
412,393
56,044
416,731
954
56,902
91
910,452
9,161
965,236
970,426
3,971
44,245
37,059
101,797
56,339
22,122
132
-SO
193
227
40
400
17
30,363
30,000
103,779
171,347
27,420
42,981
13,128
100,418
48,166
56,280
246,674
184,895
30,435
30,055
103,822
171,511
27,368
43,094
13,055
100,527
48,139
56,294
247,350
188,877
60
25
150
63
92
287
90
101
84
150
825
876
3,032
Total,new ports
889,635
891,692
1,388
Total, all
..
595
746
949
Cincinnati, O....
Columbus, Miss.
Eufaula, Ala.
Griffin, Ga
Atlanta, Ga....
Rome, Ga....
Charlotte, N.C..
St. Louis, Mo...
..
11,214
6,137
7,284
3,693
113
14
Vicksburg, Miss
55
11,311
ports.
6,448
3,608
47,095
16,531
90,261
33,096
48,357
'217,509
177,281
14,739
Great
Britain H’vre
949
99
7,397
3,707
14,739 14,739
Total
Ex¬
for dis-
Supply-fgVs1, trib’t’n
22,042
47,195
16,437
90,175
33,100
48,236
219,010
175,527
167
Receipts at Savannah
Charleston
3,032
7,013
1,065
49
'
Total Sea Isl’d crop of Fla.
-
1876-77.
7,703
5,550
1,319
Leav’g
Total
17,823
:
Of which ex¬
ported to
Philadelphia
1870-71.
Rec’pts at Savannali.bales.
Receipts at Charleston
Receipts at New York, &c.
Receipts at New Orleans...
Shipm’ts to Liverpool from
Net
How
i Distributed.
Crop.
Florida
Texas
New Orleans
New York...
Boston..'..
Baltimore...
Total all ports .to
*
29
Stock end of year
Sept. 1.
1872.
ending
year
1877.
Georgia
c
30
Sept. 1, 1878.
Total
Memphis
29
....—
24,825
The distribution of the crop has been as follows
..
....
Columbus
29
30
....-
Total Sea Island crop of the
United States
S. Carolina..
July 10 July 10 July 13 July 13 July 10 July 10 June30
Miss.Val Aug. 4 Aug.12 Aug.12 July 13 Aug. 4 Aug.10
July 31
Shreveport.. Aug.21 Aug.19 Aug. 13 Aug. 7 Aug. 6 Aug. 9 Aug.
8
4,911
30
Total Sea Isl’d crop of Texas
Montgomery-.. Aug. 6 Aug.14 Aug. 11 Aug. 4 Aug.12 Aug.10 Aug. 2
Mobile
Aug. 7 Aug.16 Aug.12 Aug. 5 Aug. 13 Aug. 11 Aug. 3
“
7,013
6,448
Texas.
Receipts at Galveston
Receipts at Corpus Christi.
Ports
Louisiana—
New Orleans—
From Texas.
5,550
57
164
1,501
4,858
'
■
7,879 1,055,451 1,060,527
1,799,499 1,802,144 47,040 2,020,687 2,030,953
...
2,803
6,774
September
THE CHRONICLE.
14, 1878.]
271
The
shipments in this statement include amounts taken from period when last year’s earnings were large, and it would not be
for home consumption and amounts burnt.
surprising if the returns for the present month should present a
still more striking decrease on some of the
Gross Receipts at New York, Boston, &c.
grain-carrying roads.
The following are the receipts of cotton at the ports named:
The grain movement in August this year was, in
fact, very
heavy, and at Chicago the receipts were much ahead of those in
Philadelphia
New York
Boston.
Baltimore.
the same month of any previous year; but a
great part of these
1877-78. 1876-77. 1877-78. 1876-77. 1877-78. 1876-77. 1877-78. 1876-77.
receipts came over the Southern and direct Western roads, while
the Chicago & Northwest and the St. Paul roads
New Orleans.. 211,497 163,492
23,684 15,359
brought a small
Texas
.;... 89,701
9,S67
6,028
92,678
8,822
2,849
proportion
of
them.
The
Illinois
Central,
Savannah
Chicago & Alton,
148,246 128,328 34,231 27,077 29,321 22,322 57,353
24,666
3,510 10,895
Chicago
Burlington
&
Quincy
and
Rock
Island
roads had a very
FlSffida
these interior ports
‘
5,891
13,693
'
15,263
21,137
4,343
11,881
7,829
39,283
19,720
46,129
19,522
13,181
61,148
52,861
45,2i8
13,563
7,871
954,412 959,955 357,942 355,355 119,452 132,764 157.902
126,388
811
123
2,581
80,061
*234,860 61,533 82,542
12,684 111,342 106,828
121,213 110,992 100,206
17
5,993
106,948,
Virginia
165,423
14,116
Tennessee, &c 145,412
Foreign
5,971
Northern ports
Total.
2,877
*15,618
So. Carolina... 110,544
No. Carolina.. 57,606
*
There have been shipments for New York, &c., from Mobile, which
not appear in this statement, having been made by railroad, overland.
do
Export*.
In the first table
given in this report will be found the foreign
exports the past year from each port to Great Britain, France and
other ports, stated separately, as well as the totals to all the
ports. In the following we give the total foreign exports for six
years for comparison :
Total
Exports of Cotton to Foreign Ports for Six Years.
Exports (bales) to Foreign Ports for Year ending Aug. 31.
From—
1873.
1874.
1875.
N. Orl’ns.
Mobile...
1,177,058 1,147,314
132,130 132,367
S.Car’lina
160,169 247,866
Georgia..
375,895 429,571
Texas
210,438 274,383
-
.
..
Florida
No. Car...
835
..
Virginia
1,632
7,722
.
New York
Boston...
Philadel.
Baltimore
P’rtl’d Me
S.Fr’cisco
6,333
20,721
485,596
573,498
11,128
25,399
6,792
20,943
2,257
28,248
41,528
352
468
324
1877.
,1876.
393
415
486
Total fr’m
U.States 2,679,986 2,840,983 2,684,410 3,252,994 3,049,497 3,346,640
Below
we
each port,
taken
give
detailed statement of the year’s exports from
a
showing the direction which these shipments have
:
*
TO
New
Orleans.
—
Liverpool.
Cork, Fal¬
mouth, &c
Hull apd
London.
t
Gal¬
Char¬ Savan
veston leston.
nah.
Mo
bile.
12,684
Havre....;
Rouen
...
316,928 26,146
6,558
...
Dunkirk
and
.
.
..
.
.
1,171
1,920
120,439
5,875
8,736
Ghent
Reval
Cronstadt,
51,797
Riga, &c.
22,?36
&c
Gibraltar..
Lisbon....
Genoa,&c.
Br. N. Am.
Provinces
Mexico....
report of earnings, expenses and net earnings for the
July, and for the seven months from January 1 to July
81, is particularly full and satisfactory. It is only necessary to
look at the results shown in that table to see how a report of
gro:-s earnings alone may often mislead as to the actual profits of
differ
widely in proportion to the
p
m
.
484,733
.
9,806
20,686
563,728
83,884
523,000
Chicago & Eastern Illinois....
Chicago Milwaukee & St. P....
Clev. Mt. Ver. & Del.& brchs.
...
Indianapolis Bl. & Western*..
International & Gt. Northern.
Kansas Pacific
Missouri Kansas & Texas
Pad. & Elizabethtown*
3.510
9,182
72,000
19,298
424
71,848
18,786
2,729
359,100
309,103
47,028
25,750
10,191
899
9.871
46,718
131,145
121,274
531,222
$5,997,793
$5,803,697
12,634
m
a
•
•
•
•
•
13,827
«
-
♦
t
•
3,945
•
•
*
*
*
-
.
,
....
5,442
89,763
...
,
.
,
2,820
9,895
.
.
.
#
,
.
3,999
1,066
3,899
9,197
1,965
....
206
•
1,650 13,265
1.450
4.450
5,036
2,800 2,115
1,314
970
8,652 12,765
775
1,000
2, *54
l.soo 22,215 41,897 13,208
•
•
-
•
t
,
u
1,493
1,102
421
3,303
216,634
6.102
27,517
51,286
1*2,682
2,950
138,1:55
38,253
2,807
2,390
....
....
--r
2,652
22,131
21,318
72,718
8,514
5,204
854
854
1,5*1
1,591
28,655
785
3,056
8,648
2,398
43,542
....
2
8,436
*
,
»i
.
15,065
7,077
4,003
577,940
*
28,512
1,231
1,238
2,843
43,025
26,660
12,281
Wabash
29,038
2,522
81,173
309,825
323,347
20,303
12,503
46,503
374,165
302,026
11,265
43,655
910
2,090
$512,837
194,036
$318,741
*
Three weeks only of August In each year,
t For the four weeks ended August 31.
% For the four weeks ended August 30.
§ Includes Springfield division.-
1S78.
115
1,268
8,983 15,635 45,213 20,718 19,013
....
8,799
16,229
8,544
154,050
35,128
92,101
115,939
Toledo Peoria & Warsaw
Total
Net increase
Dec.
$
504.889
127.575
19,077
..
113,625
17,176
677,050
33,989
84,572
721,777
319,979
294,935
Pad & Memphis*
St. L uis Alt. & T.H. (br’chs).
St. L«.uis Iron Mt. & South’n
St. Louis Kansas C. & North..
St. Louis & S. E.—St. L. div.*
do
Ken. div..*
do
Tenn. div.*
$211,428
64,586
119,700
649,929
339,765
562,160
98,537
93,000
118,461
390,998
Illinois Central (main line)§ ...
do
(Iowa leased lines).
Inc.
$255,572
491,728
34,413
Denver & Rio Grande
Grand Trank of Canadat
Great Western of Canadaf
1877.
$467, COO
104,443
Chicago & Alton
*--
....
•-
...
....
....
...
2
8,436
Atchison Topeka & Santa Fe..
Burlingt’n C. Rap.& Northern.
Cairo & St. Louis
Chicago & Alton
Chicago Mil. & St. Paul
Clev. Mt, Ver. & Del. & brchs
Denver & Rio Grande
.
1,4^3,0961164.093 225,174 305,874 354,086 401,959 58,367 383,991 3,346,640
Exports from Charleston to Liverpool include 8,613 bales from Port Royal,
t Exports from Savannah to Liverpool include *2,847 bales from Brunswick.
X “Other ports” includes the following shipments:
From Florida, 5,277 bales to Liverpool.
From Wilmington, 29.084 bales to Liverpool, 5,923 to Cork, Falmouth,
&c.,
1,780 to Havre, 2,870 to Bremen, 1,066 to Hamburg, 9,197 to Amsterdam,
3,299 to Antwerp, 1,965 to Rotterdam, and 1,493 to Reval.
From Norfolk, 157,653 bales to Liverpool, 1,075 to Havre, and
1,129 to
*
Bremerhaven.
From Boston, 127,872 bales to Liverpool • nd 2 to Nova Scotia.
From Philadelphia, 24,544 bales to Liverpool and 600 to
Antwerp.
From San Francisco, 486 bales' to Liverpool.
From Portland, Me., 9,176 bales to Liverpool.
RAILROAD EARNINGS IN
JANUARY 1
31.
AUGUST, AND FROM
TO AUGUST 31.
as we come
615,583
156,058
2,829,397
5,718,904
2,951,816
Illinois Cent, (main line)
3,474,529
do
953,362
(la. leased lines).
Indianap. Bloom. & Western*.
795,904
795,967
2,153,013
International & Gt. Northern
Kansas Pacific
Missouri Kansas & Texas
Paducah & Memphis*
St. Louis Alt. & T. H. (br’chs).
St. Louis Iron Mt. & South’d..
St. Louis Kansas C. & North..
St. Louis & S. E—St. L. div.*
do
Ken. div.*
do
Tenn. div*
Toledo Peoria & Warsaw
Wabash
.
1,770,521
126,732
300,364
2,527.473
2057,175
385,5»»3
217,813
$826;i92
13,655
171,699
4,190,812
244,514
461,985
5,862,233
2,701,080
3,121,012
1,237,188
1,335
213,909
143,329
250,736
353,517
133,701
39,681
819,661
756,223
866,927
70,960
1,930,232
2,007,405
114,390
317,135
2,583,626
1,900,352
362,434
204,571
222,781
12,402
236,884
16,771
150,823
23,129
13,242
105,643
93,931
11,712
634,136
2,579,099
14*2,0 5
268,266
$41,110,499 $37,201,181
$4,448,401
3,909,318
each
Dec.
$
377,398
833,161
3,147,355
* Three weeks
only of August in
+ From January 1 to August 31.
56,148
$539,083
year.
t From January 1 to August 30.
EarniDgs of the Dubuque & Sioux City Railroad daring A.ug., and for the
eight months ending Aug. 31, were as follows; these figures are included in
those of the Iowa leased lines given above: Aug., $59,88? in 1878 and $80,311
in 1877; January 1 to Aug. 31, $612,458 in 1878 and $502,160 in 1877.
The following companies have but recently reported their earnings for July.
$127,441
303,601
79,688
$183,401
301,730
Chicago Burlington & Quincy.
Chicago & Eastern Illinois....
946,427
829,300
67,030
19,194
47,426
13,070
66,212
96,932
131,616
23,580
to the
..
Dakota Southern
Gal. Har. & San Antonio
Mobile & Ohio
Nashville Chatt. & St. Louis..
Paducah & Elizabethtown
Philadelphia & Reading
Philadelphia & Erie
83,877
95,676
112,702
26.552
987,721
214,081
Increase. Decrease.
1877.
Atlantic Mississippi & Ohio...
Atlantic & Great Western
Burl. & Mo. River in Neb
.
turn in the tide
*92,981
142,402
3,001,096
5,428,000
243,179
1878.
Among the railroad reports for August it will be noticed that
are about evenly divided—the number of roads show¬
ing a decrease beiDg nearly the same as those showing an increase.
a
$1,479,385
Inc.
GROSS EARNINGS IN JULY.
the results
This indicates that there is
$2,305,577
Grand Trunkt
Great WesternX
Total
Net increase
1877.
'
678,894
Total...
cases
gross
1878.
Atchison Topeka & Santa Fe.
Burl. Cedar Rapids & Northern
Cairo & St. Louis
.
2,855
In several
GROSS EARNINGS IN AUGUST.
1,274
9,043
railroad’s current business.
the net earniDgs
in
earnings
the two years,
and the holders of railroad securities will regard with satisfac¬
tion the improvement which has gradually been made in
securing
these more complete returns, which have so much more signifi¬
cance than the bare statement of gross
earnings only.
a
*
Novrokoping, Gefle,
Malaga....
Our
month of
5.081
•
famous crop.
GROSS BARNIN6S FROM JANUARY 1 TO AUGUST
17,389
Santander,
124,417
**
",
5,081
24,758 *70,355 34,043
2,213
1,035
a
<
Amst’rd’m
Rotterdam
&c
Total.
5,923
•
J
Hamburg..
Antwerp..
Barcelona.
•
•
•
Mar¬
seilles.
Bremen
.
4,686
53
‘
Bordeaux,
,
New Balti¬ Other
York. more. Ports.
9,528 12,260
.
Fleetwood
•
X
743,131 101,641 168,400 122,354 166,726 336,596 39,14^ 353,592 2.031,588
79,336
been
1878.
995,270 1,363,005 1,204,591 1,453,096
131,341
243,683 218,703
164,093
275,130 281,713
337,480 305.874
423,235
370,218
298,540
354,086
258,235
224,284 236,449
225,174
44
1,362
5,277
15,375
27,267
36,374
56,677
67,212
108,693
121,169 159,357
445,172 494,374 434,158
401,959
36,259
58,078
75,310
127.874
30,844
26,090
40,007
25,144
32,316
44,567
29,114
58,367
9,176
431
large traffic. The Kansas Pacific and Wabash roads also show a
decided improvement in earnings, arising in good part, no doubt,
from the transportation of winter wheat, which has this
year
$
68,340
1,089,641
163,501
$5,963
1,871
11,348
117,127
\
19.604
6,124
17,665
*1,256
18,944
2,672
101,920
50,580
*
272
THE CHRONICLE.
St. Paul & Sioux City,
Sioux City & St. Paul
Southern Minnesota..
1878.
1877.
47,720
27,520
53,2t»l
40,597
46,951
1,014,959
1,033,592
Increase. Decrease*
7,123
6,472
21.043
6.250
18,633
FROM JANUARY 1 TO JULY
1878.
.Atlantic Misslesirpi & Ohio...
Burl. & Missouri Riv. in Neb.
Chicago Burlington & Quincy.
Dakota Southern
Gal. Har. & San Antonio...
Mobile & Ohio.'
Nashviile Chatt. & St. Louis.
.
Philadelphia & Reading
St. Paul <te Sioux City
Sioux City & St. Paul.
$889,251
814,769
7,364,218
122.924
612,910
1,032,110
934,675
6,658, *47
1,475,733
1877.
$889,522
483,675
6,301.348
96,486
489,664
923,781
942,640
7.48-3,134
1,553.366
332,833
248,337
134,576
254,804
207,284
Southern Minnesota..
427,184
6,764,808
7,026,000
Increase. Decrease.
$
$271
331,094
1,062.870
26,438
123,246
108,329
7.965
824,987
77,633
84,496
Net earnings
Gross
earnings
Operating exp’ses and
taxes.
Net earnings
Burl.& Mo. Riv. in NebraskaGross earnings
Expenses
Net earnings .v
Chicago <fc AltonGross earnings
Operating
Net earnings
Chicago Burlingt’n & Quincy—
Gross earnings
.
Expenses
Net earnings
Dakota Southern—
Gross earnings
Net
$881,522
672,874
$36,028
$87,650
$224,316
$216,648
$95,007
$73,309
61,011
$888,538
640,516
$501,958
$14,039
$12,298
$248,022
$99,254
$79,688
54,963
$68,340
$814,769
$24,725
$31,546
$174,031
$946,427
573.972
Net earnings
Clev.Mt. Ver.<fe Del.and Brchs—
Gross earniDgs
Operating expenses
Operating
$889,251
664,935
$372,455
$28,505
27,093
$19,194
9,773
earnings
$9,421
Gross earnings
Expenses.
$121,574
Denver & Rio Grande —
66,3S9
$829,300
459,179
$370,121
$24,645
24,111
$55,185
$534
$13,070
$
$92,393
75.917
earnings
$468,552
$250,653
$2,437,369
1,462,432
$974,937
$7,864,218
4,325,603
$3,038,615
$208,766
181,130
$27,636
$122,924
32,676
$41,600
$90,022
71,360
$559,194
338,168
$221,026
$677,506
519,507
$16,481
$18,662
$157,999
$314,490
166,099
$274,362
174,335
$1,762,015
1,283,703
$148,391
$100,026
$528,312
$219,926
199,765
$253,125
$1,475,686
earnings
$20,161
$92,344
$189,107
Gross earnings
$112,702
$131,616
$934,675
Kansas Pacific.—
Gross earnings
Expenses
Net earnings
Missouri Kansas & Texas—
Gross earnings
Oper. expenses and renewals
Net
Nashville Chatt. & St. Louis-
Oper. expenses, incl. taxes...
Net earnings
Paducah & Memphis—
Gross earnings
Operating
expenses
Net earnings
Philadelphia & Erie—
Gross earnings
Operating expenses
Net earnings
fit. Lonis Iron Mt. & South.—
Gross earnings
Operat. and general expenses
Net
earnings.
St. L.&Southeast.— St.L.Div.—
Gross earnings
Operating
expenses
Net earnings
St. L. & Southeast.—Ky.DiY.—
Gross earnings
Operating
expenses
Net earnings
St. L.& South’st.—Tenn.Div.—
Gross earnings
Operating expenses
Net earnings
St. Paul <fc Sioux CityGross earnings
Operating
expenses
Net earnings....
Sioux City & St. Paul—
Gross earnings
Operating
Net
expenses
earnings
.,..
So ithern Minnesota—
Gross
earnings
Expenses, incl. taxes, &c...,
Net earnings
54,652
160,781
82,908
1,286,579
631,860
$28,050
$43,738
$302,815^
$15,130
$15,577
$115,527
13,177
9,083
92,129
$1,953
$6,439
$23,398
$214,081
162,269
$163,501
156,547
$1,475,733
$51,812
$6,954
$369,634
$299,161
$277,320
$2,168,378
177,493
155,043
1,106,099
1,381,590
$121,668
$122,277
$7:6,788
$51,007
$43,665
$338,535
42,253
39,164
271,378
$8,743
$4,501
$67,157
$'0,988
27,264
$36,268
22,280
$192,064
163,940
$3,724
$13,988
$28,124
$13,352
$11,532
$95,452
10,803
10,078
71,501
$2,549
$1,454
$23,951
$47,720
$40,597
$332,833
32,605
23,428
208,424
$15,115
$12,169
$124,409
$27,520
$21,048
$207,284
21,105
402,704
$483,675
233,922
$55,871
$74,276
18,811
*69,621
$5,940
$682,974
$1,014,959
$1,033,592
earnings.
152,419
$6,415
$2,237
$54,865
$53,2.11
30,378
$46,951
31,543
$427,184
$22,823
$15,403
$237, 0C 9
190.175
336,347
525,853
$628,*>12
.
$507,739
earnings
1877.
$93,263
t76,359
Net earnings
-
$16,904
*
July figures in both years embrace those
t Includes $29,018 expended in
paying for
taxes, &c.
$434,05a
$6,764,808'
2,989,178
$7,026,000
3,012,224
$3,775,630
$4,013,776
v
1878.
1,918,824
hand:
come to
June.
Grand Rapids & Indiana —
$2,347,877
1,986,451
“
*
^-Jan. 1 to June 39.—v
1878.
1877.
$36,485
59,537
$574,509
*97,587
$5:7,367
$26,918
$76,913
$152,690
of Missouri River
new steel rails,
364,677
bridge,
Michigan State
-
pXmictarrjl ©ommcvciaX ^uglish Hcwm
RATES OP EXCHANGE AT
LONDON AND ON LONDON
AT LATEST DATES.
346,217
66,053
—
Expenses
Net
$123,853
$1,406
expenses
Net earnings.
International & Gt. Northern
Gross earnings
$305,928
162,069
$2,569,425
following June figure have but recently
EXCHANGE AT LONDONAUGUST 31.
'
$2,337,670
1,406.958
$930,712
$6,501,348
3,755,301
$2,546,047
$210,525
177,979
$32,546
$96,486
EXCHANGE ON LONDON.
LATEST
ON—
86,794
$288,807
282,867
/
261,192
......
$133,404
95,754
$433,473
259,392
expenses
Net
expenses
Expenses
$127,441
91,413
80,968
Operating
Gross
72,708
172,380
EARNINGS, EXPENSES AND NET EARNINGS.
The statement below gives the gross
earnings, operating expenses and net
earnings for the month of July ana from
January 1 to July 31, of all the
loads that will furnish statements for
publication:
r-—J uly.
.—Jan. 1 to July 31.1878.
1877.
1878.
1877.
Atlantic Mississippi & OhioGross earnings
Burl. Cedar Rapids <& North.—
$382,035
312,214
earnings
Union Pacific.*—
Gross earnings
The
Jan. 1 to July 31.
1878.
1877.
*
1877.
—
•-rose
earnings
Expenses
Net
July.
1878.
,
Wabash
81.
GROSS
Expenses, inch extraordin’y.
^
[voi. xxm
Tin.
Paris...,
Paris
short.
3
mos.
(i
Berlin
Hamburg
Frankfort
ii
....
ii
Antwerp
Amsterdam.
Vienna
Genoa
Milan
..
short.
8 mos.
II
25.22*a25.32tf
Aug. 30.
25.40
20.68
20.68
20.68
25.50
@25.44
@20.72
@*0.72
@20.72
@25.55
12.2* @12.3*
11.80 @11.85
47*@47*
ii
St. Petersburg.
Alexandria
New York
DATE.
27.87!4@27.92H
27.87* @27.92*
44
Cadiz
Madrid
Lisbon
RATE.
90 days.
3 mos.
47*@47*
51* @52
24 9*16® 2411-16
....
60
days.
<<
Calcutta
Hong Kong...
Shanghai
RATE.
short.
25.25
short.
l«
3 mos.
20.52
20.52
20.5^
25.27
12.05
114.80
II
short.
27.10-
<<
3
mos.
short.
<<
44
II
•
•••
•
•
• •
•
....
....
....
•
•
•
•
Aug 26.
3
•
•
•
•
•
•
•
•
Is. 7* d.
Is. 7%d.
Aug. 30.
Aug.
29.
44
•
•
•
•
•
•
•
•
•
25 7-16
mos.
Aug. 28.
...
Bombay
*30.
Aug.
TIME.
96*
60
6
Aug. 28.
4 >4
days.
mos.
44
Is.8
ls.8
<4
44
5-lrdp rupee
5-16dp.rupee3s.
5s.
2%d.
9%d.
per
tael.
$
$380,413
LFrom our
200,505
own
correspondent.!
London, Saturday, Aug. 31, 1878.
published this week is of a more favorable$T 50,988
638,011 character, and the proportion of reserve to liabilities is now
rather more than 40 per cent.
The improvement in the position
$112,977
of the Bank is not due to
any important arrivals of gold from
$1,620,407
hut to a return of coin from provincial circulation, and toabroad,
978,819
a diminution in the circulation of
notes.
The supply of bullion
$641,588
held by the Bank now amounts to £21,998,473,
against £25,029*
$1,684,058 219 last
year; while the reserve of notes and coin amounts to1,072,520
£9,929,458, against £12,128,674. Five per cent seems, therefore
$611,538 to be
exerting some influence, though it is chiefly by attracting
$942,640 unemployed money from the
provinces. ' At this period of the
580,976
year, there is always a large amount of notes and coin in circula¬
$361,664
tion, the requirements of the community, in consequence of the
$101,887 holidays and the harvests,
being upon a large scale. It is,
73,045
however, a satisfactory feature that, so far, the open market rates
$23,842 of discount have not
fallen much below the
published rate of the
$1,553,366 Bank of England. That rate is still 5
per
cent,
and it represents,
1,164,226
to some extent, the present
value of money, 4£ per cent being
$389,140
readily obtained even for the better descriptions of paper. It is
$2,209,461 evident that there is no hope of a reduction in the Bank
rate, as
1,285,732 5
per cent only suffices to bring about a slight improvement, and
$923,729 that improvement is
likely to be checked, should the foreign
$319,409 markets become dearer.
The Imperial Bank of
Germany has
259,418
this week increased its terms; but the Paris market
remains
$59,991 easy, and as long as this is the case
any further rise in the value
$177,911 of money on the London market will be postponed. Even after the
150,118 recent
improvement the position of the Bank is by no means a
$27,793 strong one, and it is still
quite probable that higher rates of
$81,650 discount will prevail in the autumn.
The demand for gold is
71,867 now so
great, and there is so much—£87,332,310—locked up in
$9,733 the Bank of France that the
supply held by the Bank of Eng¬
$248,337 land, though amounting to nearly £22,000,000, seems
quite
190,oy6
inadequate. There is no doubt of the fact that trade is not
$58,241 absorbing much capital, while our
payments for grain are com¬
$134,57G paratively small; but it is not a question of a trade demand for
121,289
money which is causing an increase in the rates of discount, but
$13,287 a demand for bullion, which either
prevents gold reaching our
$254,804 market in the usual quantity, or which leads to its purchase for
194,775
exportation immediately on arrival. The trade of the
country is,
$60,029 perhaps, more satisfactory, but there is a
great want of
$179,90S
The Bank return
r
September 14,
THE CHRONICLE.
1878.]
-w.il
.
,
■■
~
■
-
animation, business being still conducted with caution.
present rates for money are as follows:
The
Open-market rates: -•
Per cent.
4* @4*
4 months’bank bills
I
6 months’bank bills
4*@4*
4*^4* I 4 and 6 months’ trade bills. 5 @6
Per cent. ]
5
j
Bank rate
Open-market rates:
30 and 601 Ays’ bills
8 months’bills
The rates of interest allowed
■count houses
'
.
are as
'
■
•
by the joint-stock banks and dis-
under:
Per cent.
Joint-stock banks
.Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
Annexed is
4
4
4*
4)4
„
statement
showing the present position of the
England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist—fair second quality, anc
the Bankers’ Clearing House return, compared with the four
previous years:
a
Bank of
1S74.
1875.
£
1875.
£
£
Circulation, including
bank
27,231,633
post bills
1878.
1877.
£
£
28,651,386 23,452,564 28.247,0°8 27,326,041
Public deposits
4,625,486
4,093,938
5,763,584
4,302,420
3,055,347
19,102,556 2 010,195 27.686,151 23,013,944 20,624,222
13,166.376 13,59 i, 139 15,259,183 14,910,51.8 14,867,178
Other securities....... 17,579,516 16,369,782 15,854,353 18,519,555 17,483,083
Reserve of notes and
coin
11,168,302
Coin and bullion in
both departments
22,933,677
...
Proportion cf
15,739,203
20,621,351
12,128,674
9,930,458
29,023,238
33,709,326
25,029,219
21,998,473
60 93
p. c.
43*58
3 p. c.
reserve
to liabilities
Bank-rate
Consols....
3 p. c.
English wheat,av. price
Mia. Upland cotton...
2)4
p. c.
2)4
94*
%
95*
54a. 6d.
94*
52s. 9d.
46s.'4d.
63s. lOd.
458. 2d.
8 1-16d.
7 3-16d.
6*d.
6d.
6 ll-16d.
Is. 0*d.
lltfd.
26,179,000 115,700,100
lOtfd.
71,217,tOO
current
-
Hamburg
Frankfort
Leipzig
rates of
Open
Bank
mark’t.
p. c.
Open
rate,
mark’t.
p. c.
3*
4)4
3)4
Geneva
principal
rate,
3
3
3
Genoa
discount at the
74,661,000
Bank:
1*
3*
3)4
...
lOd.
10*d.
80,730,000
:
p. c.
Paris
Brussels
Amsterdam
Berlin
D. c.
92*
No. 40’s mule twist,fair
foreign markets
40-82
5
p. c.
St. Petersburg
Vienna and Trieete...
6
4)4
5
4)4
Madrid.Cadiz and Bar¬
celona
Lisbon and
New York
Calcutta.
6
Oporto....
6@7
6
6@7
•
3@4
4
Copenhagen
4@4#
4@4#
There has been very little demand for gold for
export duriDg
the week. The arrivals have been small, and no movements of
importance are recorded. The silver market has been very dull,
and
prices
almost nominal.
Although the Council Bills on
Wednesday did not realize a higher price than Is. 7 18-16d. the
rupee, the Indian Government announce that, on Wednesday
next, tenders to the amount of £350,000 will be received, which
is an increase of £50,000. The last
price of silver is 52£d. per
are
ounce.
The Manchester Examiner of Thursday
“
The links in the chain which connect
has the following:
us with the
early days
of Manchester commerce are one
by one beiDg broken. Last
week we recorded the
voluntary liquidation of a firm—Kershaw
Sidebottom & Co. (Limited)—whose name in one form or another
had been familiar on
’Change for fifty years, and to-day we have
to announce the extinction,
commercially, of a name which has
been a tower of strength in the Manchester trade for
three-quar¬
ters of
a
century.
The house of Messrs. Potters & Martin has
virtually ceased to exist, the business having been purchased
by Messrs. H. Bannerman & Sons.”
The principal movement on the Stock
Exchange has been a
demand for Egyptian Government securities,
owing to the
now
announcement that the Khedive has surrendered his
property for
the benefit of his creditors, and that Nubar Pasha is to be his
Prime Minister, with Mr. Rivers Wileon as director of finance.
Notwithstanding the uncertainty about
sent
a
the markets pre¬
tendency has, dur.
money,
firm appearance, and, on the whole, the
rsrs
that the better classes of
ative
-s.-sa
We have
form
produce will command
more remuner¬
prices.
some
now
entered upon the new season, and are able to
as to the extent of last year’s crop.
According
estimate
to estimates based upon
official reports, the total sales of home¬
grown produce in the United Kingdom amounted to about 8,000,000 quarters, showing a slight decrease compared with last year.
The imports of wheat and flour amounted to nearly 62,000,000
cwt., and, after the deduction of 1,704,100 cwt. for re-export, the
balance remaining is 95,244,700 cwt. It is estimated that the
weekly consumption of this country is 440,000 quarters, or
1,910,000 cwt. This is equivalent to 99,420,000 cwt. per annum.
It would appear, therefore, that last year’s English crop and the
importations from abroad were inadequate to our requirements;
but the returns relating to home-grown produce are incomplete,
as they refer only to 150 markets, and consequently the totals
given for the Kingdom are but estimates.
It is difficult, for
instance, to ascertain what proportion of the supply required for
seed passes direct from one farmer to another, or what proportion
the farmer himself retains.
It is equally difficult to place an
estimate on the quantity of wheat which farmers sell direct to
millers, but we may be assured that these are equivalent to
4,000,000 cwt., which is the deficiency to be accounted for. Again,
the stocks held over from last season have not been included,
but against those there are the stocks remaining on hand at the
present time, which are tolerably extensive, though not consider¬
able.
There has, in fact, been a large consumption of bread in
this country during the season, which is due to the low price and
to the fact that, in bad times, bread is more largely consumed, as
it is the cheapest means of subsistence.
During the week ended Aug. 24, the sales of home-grown wheat
:in the 150 principal markets of England and Wales amounted to
26,278 quarters, against 19,183 quarters in the corresponding
period of last year; and it is estimated that in the whole Kingdom
they have been 105,120 quarters, against 76,750 quarters. Since
harvest, the sales have amounted in the 150 principal markets to
2,019,536 quarters, against 2,031,810 quarters; and it is estimated
that in the whole Kingdom they have been 8,100,000 quarters,
against 8,127,250 quarters in 1876-7. These figures comprise a
period of 52 weeks, and consequently an agricultural year.
Without reckoning the supplies furnished ex-granary at the com*
mencement of each season, it is estimated that the following
quantities of wheat and flour have been placed upon the British
ing the last few days, been favorable. Since the last account,
however, many weak speculators have been compelled to realize;
and, consequently, prices, especially in the department of
British railway shares, have experienced a
relapse ; but the mar¬
kets are now healthier, though somewhat sensitive. United
States Government securities have been in demand,
partly for
exportation, and have been steadily improving in price. Ameri¬
can railroad bonds have also attracted
attention, and, in most
instances, prices are higher.
Tenders will be received on Monday for £1,535,000 in
Treasury
Bills, of the usual amounts, having three and six months to run.
The weather during the week has been
unsettled, and the
progress of harvest work has been much delayed.
Rather a
firmer tone has, in consequence, pervaded the wheat
trade, but
it has arisen more from a reluctance on the
part of holders to sell
than from an increased desire on the
part of millers to buy. An
increase of firmness is, no doubt, justified, but
difficulty will markets in each of the last four
:
certainly be experienced in establishing any important rise in
prices. The crop in this country will not be so large as had
been anticipated, and many believe that the estimate of 11,500,000
quarters for this year’s production too sanguine. There is, how¬
ever, the yield from 3,218,580 acres to be accounted for, and
11,500,000 quarters only represent a yield of about 3£ quarters to
the acre. So far, the results of threshing have been very variable.
In some favored localities 5 and even 6 quarters to the acre are
spoken of; but, on the other hand, reports from the heavy-land
districts are in many cases discouraging, the yield being under an
average. The crop is, nevertheless, an improvement on that of the
two preceding years, though it is far below what was
anticipated in
the early part of the year. In fact, if we compare what is the
actual result and what was the prospect in April last, the differ¬
ence is somewhat startling, there beiDg a falling off,
probably, of
some twenty-five per cent in the production ; but it is,
perhaps,
remarkable that the unpropitious weather which has visited this
country has also prevailed, on the Continent and in the United
States, and that there has, in consequence, been a general curtail¬
ment of production.
It is necessary, however, to bear in mind
that in this country the acreage of land under wheat has been
slightly augmented, and that in the United States, owing also to
more land being devoted to the production of wheat, the
quantity
available for export exceeds that of last season by about
20,000,000 bushels. In Austria and Hungary very satisfactory
crops have been gathered in, and the Russian harvest is also
reported to be satisfactory. France, Belgium and Holland report
inferior crops, and it is partly in consequence of the competition
we may expect from those countries in the
producing markets
that producers are leoking forward to higher prices. It is evident,
however, that there are ample means of meeting this increased
competition. Notwithstanding that the production of wheat in
the world has been much less than had been anticipated, it is
admitted that it has exceeded that of thp last two seasons.
The deficiency in the countries alluded to can thus be easily
met; but when we bear in mind that the crops iu England,
France, Belgium and Holland have not been harvested in good
condition, owing to the unsettled weather, it is quite probable
seasons:
274
THE CHRONICLE.
Imports of wheat
Imports of flour
Sales of home-grown produce
1877-8.
CWt*
1876-7.
54,023*057
cwt.
cwt.
cwt.
45,163,926
6,567,376
35,218.100
54,95*2,781
6,164,793
36,384,700
43,418,872
6.714,101
48,315,500
7,920,691
35,00.3,000
Total
96,943,751
1,104,018
Exports of wheat and flour
Result.
Ayer, price of Eng. wheat for
1875-6. '
66,954,502
909,633
1874-6.
97,502,274
93,448,473
938,775
266,138
.95,244,713
86,014,869
49s. lid.
96,563,49.4
54s. 7d.
98,182,335
47s. 5d.
44s. 61.
season
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom during the season
just ended, viz., from the 1st of September to the close of last
week, compared with the corresponding period in the three pre¬
vious years:
cwt.
Barley....!
Oats.
Peas
Beans
Indian Corn
Flour
1877-8.
1876-7.
1875-6.
1874-5.
54,023,057
14,132,213
12,427,938
45,168,926
12,626,914
12,620,289
1.309,629
4,6*29,284
54,952,781
8,161,173
12,674,736
1,510,294
3,318,340
32,793,428
6,164,793
43,414,872
13,217,036
11,183,908
1,852,046
906,031
21,551
207,086
188,514
357,730
39,744
10,901
83,416
1,925,764
2,873,624
39.014,868
7,920,694
Sept. 2-^Bark Scud
..Curacoa
Sept. 2—Str. C. of Rio de Janeiro St. Thomas
Sept. 4—Str. Crescent City
Aspinwall
Wheat
cwt.
33,850,664
6,567,576
1,610,616
64,001
Oats
Peas
Beans
Indian Corn
Flour
245,015
859,977
52,714
88,279
24,161
31,954
520,561
93,392
49.656
15,104
20,612
20,588
..
.'
tfugltati
Varkei
2,934,897
17,051,262
6,714,101
19,201
2,683
47.719
59.052
57,992
32,744
account.. 94 15-16
Mon.
Tues.
Wed.
Thnr.
94%
94%
94 15-16
95 1-16
94 13-16
94 15-16
94 15-16 95
U.8.6S (5-20s) 1867. ...107%
D. 8.10-408
1( 8%
5s of 1881
108%
New 4%s
105%
107%
107%
108%
ios%
105%
103%
108%
105%
107%
108%
Fri.
94 15-16
95 1-16
108%
107%
108%
108%
107%
108%
105%
106
106
Liverpool (Jotton Market.—See special report of
105%
cotton.
Liverpool Breadstufis Market.—
Mon.
d
26 0
Sat.
d.
#bbl 26 0
s.
Flour (extra State)
Wheat (R. W. spring).
ctl
(Red winter)
44
8 10
44
(Av. Cal. white).. 44 10 1
44
(C. White club)... 44 10 4
Corn (new W. mix.) 9 qnar. 23 3
Peas (Canadian) 9 Quarter. 33 6
8.
#
—
“
Tues.
s.
d.
26 0
,
•
8 10
10 1
10 4
23 3
33 6
•
8
10
10
23
33
•
Wed.
d.
0
8.
26
•
m
8
0
4
3
6
8
10
10
23
33
Thar.
Fri.
d.
26 0
d.
26 0
8.
s.
#
8
0
4
3
6
8
10
10
23
33
8
0
'
4
3
6
8
0
4
3
6
8
10
10
23
S3
Liverpool Provisions Market.Sat.
e.
Beef (prime mess) 9 tc.
Pork (W’t. mess)....# bbl
Bacon (l’g cl. in.).... $ cwt
Lard (American).... 44
Cheese (Am. fine) new 44
...
Mon.
d.
d.
67
s.
6
0
0
49
31
37
44
67
49
31
37
43
6
0
6
0
0
3
0
Tues.
s. d.
67 6
48 0
31 0
36 9
43 0
Wed.
d.
Thur.
67
48
31
37
43
67
47
31
37
42
8.
6
0
0
0
0
Fri.
d.
6
6
0
8
0
8.
S.
Id.
67
47
31
31
6
6
0
42,
0
O
u
Commercial anti 3XXlscellauecnts Hews.
Imports and Exports
week showed a decrease
merchandise.
The total
for
the
Week.—The imports laft
in
both
dry
goods and genera]
imports were $5,085,487, against
f6,120,801 the preceding week and $4,932,300 two weeks pre¬
vious.
The exports for the week ended
Sept. 10 amounted to
$8,087,836, against $7,625,433 Iasi week and $7,011,880 the pre¬
vious week. The following are the
imports at New ITork tor
week ending (for dry goods)
Sept. 5 and for the week ending
(for genera] merchandise) Sept. 6:
TORSION IMPORT8 AT NEW YOHK TOR THE
WEEK.
_
Drygoods
General merchandise...
Total for the week.
1875.
$1,619,945
2,760,248
$4,380,193
Previously reported.... 241,477,720
1876.
1877.
1878
$1,718,443
2.399,255
$1,497,083
2,578,643
$2,000,241
3,085,246
$4,117,698
$4,075,726
227,388,511
$5,085,487
192.915,743
199,685,904
Since Jan. 1
$245,S57,913
$201,003,602
$231,464,237
$19S,001,220
In our report of the dry goods trade will be found the
imports
of dry goods for one week later.
c
The following is a statement of the
exports (exclusive of specie)
from the port of New York to foreign ports for the week
ending
bp
Sept. 10:
e
EXPORTS FROM NEW YORK POR THB WEEK.
„
For the week
Previously reported....
1875.
$6,346,165
167,379.453
187o.
1877.
$6,417,217
175,312,882
$6,007,457
182,798,575
187S.
$8,087,836
230,948,918
8ince Jan. 1.
.$173,725,621
$181,730,099 $188.806032 $239,036,754
The following will show the
exports of specie from the pon of
New York for the week ending
Sept. ?, 1878, and also a com¬
parison of the total since Jan. 1, 1878, with the corresponding
totals for several previous years:
Sept. 5-—Str. Herder
London
Amer. silver dols.
$15,710
Sept. 6—Str. Castilla
Barcelona, Sp.. ..Span, silver dols
2,000
Sept. 7—Str. Donau
London
Amer. silver bars.
.
32,000
Total for the week ($49,710
silver, and
gold)
Previously reported ($4,485,457 silver, and $5,763,140 gold)
Total
since
Jan. 1. 1878 ($4,535,167 silver, and
$5,763,140
Same time In—
—
—
1877$23,034,216
1876
1875
39,638,6*2
62.450,072
187$...•.................... 42,111,442
1873
1872
41,*241,392
67,252,820
Same time in1871
1870
1869
1868
1867
1866
The imports of specie at this
port
been as follows:
300
2,943
1,500
4,315
3,174
....
....
Amer. silver
gold
272
Foreign gold
Aspinwall..
40
Amer. silver..,...
Amer. gold
1,100
770
35
Gold dust
Total for the week ($56,415 silver, and
70Q
$6,560 gold)
Total since Tan. 1, 1878 ($10,025,489 silver, and
Same time
in—
$62,975
14,787,741
$10,661,830
S,6*20,146
1875
8.585,806
.
1874
1873
$1,773,227 gold)..$14,800,716
Same time
1877
1876
in—
1872
$2,916,347
1871.
1870.
4,614,254 1869.
3,077,410 1868.
The transactions for the week at the Sub
as
.......
......
Receipts.
,
Customs.
Coin.
7
$340,000
9
10
11
12.
13
519.000
$668,98117
Sept.
“
“
“
“
7,632,609
7,900,432
9,834,124
5,748,917
.....
...
follows:
“
the following summary:
London Money and Stozk Market.—The bullion in the Bank
of England has increased £460,000 during the week.
314,000
345,000
477,000
305,000
.
Currency.
576,594 39
Treasury have been
Payments.
,
Coin.
$428,189 54 $1,560,593 93
644,305 16
893,449 68
3:6,005 99
357,780 68
734,541 29
331,809 54
569,4G8 87
379,445 53
449,089 59
gold)....$10,293,307
$54,817,902
47.419.404
25,274,067
65,352,056
41,315,250
53,540,753
during the same periods
have
*
Currency.
$592,390 39
1,477,459 88
464,138 09
707,47197
370.045 56
595,58 5 32
1,780,086 07
529,653 25
270,270 21
451,992 34
523,724 39
Total
$2,300,090 $3,568,156 75 $2,84(5,444 68 $5,106,234 34 $4,217,177 06
Balance, Sept. 6
126.919,581 98 48.566,352 81
Bilance,
“
13
125,433,304 39 47,195,6i0 43
Pacific Railroad Lands.—A circular of instructions has been
issued by the commissioner of the general land office, in accord¬
ance with the recent decision of the
Secretary of the Interior in
the Dudymott case, to the registers and receivers of United
States district land offices. It provides for the
filing of declara¬
tory statements, for notice to the railroad companies, for contests
over the rights of settlers to locate on the unsold land
grants,
and for a transmission of the record of all
proceedings to the
office in Washington.
The following companies are named as those whose
grants
clearly under, or subject to, the terms of the Act of July 1,
1862, with the date of the completion of each road, as appears
from the records of the department:
Union Pacific Railroad,
completed July 15, 1869 ; Kansas Pacific Railway, completed
October 19, 1872 ; Union Pacific, Central Branch,
completed Jan.
20, 1872 ; Denver Pacific Railroad, completed May 2, 1872;
Sioux City & Pacific, completed March 2, 1869
; Central Pacific
Railroad, completed July 15, 1869; Western Pacific Railroad,
completed Jan. 21, 1870.
are
Pullman Palace Car
Company.—Chicago, Sept. 12.—The
annual meeting of the Pullman Palace Car
Company was held
to-day. The financial statement is as follows: Revenue for past
year, $2,160,829; expenses, $878,578? rentals, $264,000; profit
and loss, $17,000 ; year’s surplus, $349,000 ; total assets at
origi¬
nal cost, $12,213,165; capital stock, $5,938,200; bonded
liabilities,
$2,367,000. The following directors were elected for the ensuing
year: George ,M. Pullman, Charles G. Hammond, John Crerar,
A.
T.
Hall
and
Marshall
Field, of Chicago ; J. Pierpont
Morgan, of New York, and J. N. Dubarry, of Philadelphia.
It was stated that the Angell defalcation was $115,000, or
$5,000
less than was at first reported.
Vigorous measures for Angell’s
arrest have been taken.
Western Union
Telegraph Company.—The report for the
September 30, 1878, furnishes the following : In
the report presented by the Executive Committee at the last
quarterly meeting of the BDard, held June 12,1878, the net profits
for the quarter ending June 30
(May being partially and June
wholly estimated) were stated at $867,018. The official returns
for the quarter ending June 30 showed the profits to be
$858,329,
or $8,689 less than the estimate.
The following revised state¬
ment, based up on complete returns, will show the condition of
tiie company at the close of the
quarter ended June 30,1878 :
quarter ending
Surplus April 1, 1878, as per last quarterly report
$188,859
Net profits, quarter ecaed June 30, 1878
858,329
Amount charged into the current expenses of the
year ended June
30, 1878, for material and supplies which were oh hand and paid
for, but which were not included in the surplus
80,515
,
Total
From which deducting—
Dividend of 1% per cent, paid July 15,
Interest on bonded debt
Interest on amount due for purchase of
Sinking-funds appropriations
$1,077,703
1878
$525,936
107,976
At. & Pac.Tel.stock
2,171
Construction account
Purchase of sundry telegraph stocks, patents, etc.
There remained
a
20,003
40,632
11,901—$708,620
surplus, July 1, 1878, of
$369,083
The net profits for the quarter ending
Sept. 30, inst., based upon
official returns for July, nearly complete returns for
August, and
estimating the business for September, reserving amount suffi¬
cient to meet the claims of the Atlantic & Pacific
Teiegraph Co.
under existing agreements, will be about
$1,001,864
Add surplus July 1, as above
369,083
$4y 710
10,248,’597
12,076
19,68f
Foreign gold
fCeports — Per Cable.
i&ily closing quotations in the markets of London and Li v«rpool for the past week have been reported by cable, as shown in
sat.
...
Foreign gold
Amer. silver..
$1,100
14,963
•
......
Amer. gold
Gold dust....
Amer.
The
Consols for money.. 94 11-16
“
Amer. silver
Sept. 5—Str. City of Washington.Havana
Sept. 5—Str. Santiago de Cuba...Havana
Sept. 5—Brig Emily
Belize....
Sept. 6—Str. Ailsa
-
....
Foreign tilver
EXPORTS.
Barley
Amer. silver......
Amer. silver..
Previously reported ($9,969,074 silver, and $4,768,667 gold)
IMPORTS.
Wheat
[Voii. XXVII*
From which
Interest
Interest
on
appropriating—
$1,870,448
bonded debt
purchase of Atlantic & Pacific Telegraph stock.
Construction, purchase of stock of leased lines, &c
Sinking-funds appropriations
on
Leaves a balance of
A dividend of 1# per cent on
$107,000
59,000
20,000—$179,000
th? capital stock outstanding requires
Deducting which, leaves..
$1,191,448
525,936
$665,512
In view of the preceding statements,
mend a div dend of 1£ P©r cent,
.
.
2,000
the committee
payable Oct. 15.
recom¬
September 14,
THE CHRONICLE.
1878.]
Closing prices of securities in London have been as follows:
JJauhers' (Sa^ettc.
No National Banks
275
Aug. Sept. Sept. Range since Jan, 1,1878.
6.
13.
30.
Lowest.
Highest.
'
organized daring the past week.
The following dividends have recently
U. S.
When
Cent.
5s, 10-408
5s of 1881
been announced:
Per
107*2 1075g 105*4 Jan. 2
108*4 108*2 108*2 104*2 Feb. 25
107% 108*2 108*8 1033s Mch. 1
102*8 Feb. 25
105*2 10578 106
107
U. S. 6s, 5-20s, 1867
DIVIDENDS.
New 4*2 per
Books Closed.
Payable. (Days
cents
1095sJune S
IIISq July 30
109*8 July 9
107*4 July 30
State and Railroad Ronds*—The most
inclusive.)
important feature in
quite a line of Eastern
Railroads.
1
Oct. 15.
Lehigh Valley (quar.)
State securities at full prices, as will appear by reference to the
2
Oct. 15. Sept. 17 to Oct. 1*8
N. Y. Cent. & Hud. Riv. (quar.)
sales below reported.
Insurance.
The range of prices of these bonds, as
On dem.
5
Jefferson
compared with those of States which have repudiated or neglected
n iscellaneous.
Sept. 30.
%
Atlantic & Pacific Telegraph (quar.).
their debts, presents a striking contrast.
Louisianas are stronger
Oct. 15. Sept. 2\ to Oct. 15
Western Union Telegraph (quar.)
1/2
here and in New Orleans, on the prospect or the hope that the
FRIDAY, SEPT. 13, 1878-5 P. M.
yellow fever has already reached its climax, as to-day’s telegrams
The Money Market and Financial Situation.—The money appear to be much more favorable.
South Carolina consols are
market is still easy at
per cent for call loans on government firmly held; Virginia bonds are strong, and the buying demand
collaterals, and 2@3 per cent on ordinary stock collaterals. Prime for deferred certificates is still noticed, although it is not clearly '
commercial paper of three and four months’ time is quoted by known who is the party placing confidence in these rather
“fancies” of the State list.
the brokers at 4@5 per cent, while some very choice sixty days
Railroad bonds are quite firmly held, on a moderate business.
paper can be sold below 4 per cent.
The last Clearing-House statement of the New York city banks The bonds of the yellow-fever roads have been rather stronger as
showed quite a material falling-off in legal-tenders, amounting to the prospect of improvement draws near.
The Committee on Stock List of the Stock Exchange, in re¬
$3,265,000, with a decrease of a little over that amount in their
net surplus reserve over 25 per cent of liabilities. This indication sponse to the application of the Kansas Pacific Railway to have
of the outflow of currency for trade purposes is the first that has their second mortgage (land grant) bonds placed on the call, sub¬
occurred this season of any importance, and it was a little mitted the following recommendation, which has been adopted
remarkable that the very heavy grain movement in August had by the Governing Committee:
The committee recommend that these second mortgage bonds, with coupon
so little effect on our money market.
on, due March 1,1-74, and thereafter, be placed on the regular list, and called
The Bank of England weekly statement on Thursday was Kansas Pacific second mortgage bonds, (and also be called with coupon certifi¬
cate $157 50 in lieu of the first maturing seven coupons.
favorable and showed an increase of £460,000 in specie, and an
The Governing Committee has also adopted the following
increase in the percentage of reserve to 45§ per cent of liabilities,
recommendation
of the Committee on Stock List, in regard to the
from 41 11-16 the previous week, but no change was made in the
discount rate, which remains at 5 per cent.
The Bank of application of the Nashville Chattanooga & St. Louis Railway to
have $620,000 bonds on branches and $6,560,000 stock placed
Fiance lost 16,800,000 francs during the week.
on the list:
The last statement of the New York City Clearing House banks
The Committee recommend that this stock and the two classes of 6 per
issued £ept. 7, showed a decrease of $3,448,975 in the excess cent bonds be placed on the free list, the latter to he des:gnated Nashville
Chattanooga & St. Louis first mortgage 6 per cent “Tennessee & Pacific
above their 25 per cent legal reserve, the whole of such excess Branch,” ditto first mortgage 6 per cent “McMinnville & Manchester and Win-.
Chester & Alabama branches.”
being $13,458,800, against $16,907,775.
The following securities were sold at auction this week :
The following table shows the changes from the previous week
Bonds.
and a comparison with the two preceding years.
$12,000 Mass. 58, gold, due
$2,000 N. Hampshire 6s,1904113*4
Name op Company.
State bonds
was
the sale at auction of
s
1883 and 1894..104*8@111*4
1878.
Sept. 7.
Loans and dis.
Specie
Circulation
Net deposits
..
.
Legal tenders.
$243,432,900
Differ’nces fr’m
1877.
1876.
previous week.
Sept. 8.
Sept. 9.
19,961,600
15,568*400
210,574,100
45,303,900
47,200
376.400
547,100
Dec.
3,265,000
United States Bonds.—The
22,778,400
11,371,200
231,069,500
57,529,000
leading dealers report
a con¬
tinued activity in government bonds.
During the early part of
the week it was observed that the foreign bankers were again
free
sellers of the fives of 1831,
and it
was
estimated that the
leading bankers doing this business sold possibly
$2,500,000 bonds, mostly of the issue named. It is since believed
that these bonds were sold partly on speculation before they had
been bought in London, as that market has advanced on United
States bonds, and ruled to-day a little above New York.
Closing prices at the N. Y. Board have been as follows:
two
or
6s, 1881
reg.
6s, 1881
coup.
6s, 5-20s, 1865...reg.
6s, 5-208,1865 .coup.
6s, 5-20s, 1867...reg.
68, 5-20s, 1867 .coup.
6s, 5-20s, 1868...reg.
68, 5-20s, 1868 .coup.
5s, 10-40s
reg.
58,10-40s
coup.
58, fund., 1881...reg.
58, fund., 1881..coup.
4*28,1891
reg.
Sept.
Sept.
Sept.
Sept.
9.
10.
11.
12.
13.
*102*2
*102*2
*105*4
105*4
108*8
*108*8
*102*2
*102*2
105*4
105*4
*107
107
*107
*107
*108
*108
*106*4
*106*8
*106%
106*8
*10358
4*28,1891
coup.
103%
4s, 1907
4s, 1907
reg.
coup.
*1005s
*1005e
6s, cur’cy, ’95-99. reg.
Sept.
*119%
*1077e 10778 *107% *107%
10778 107% *107% *107%
*102*2 102*2 *102*2 1025s
*102*2 102*2 *102*2 *102*2
*105*8 105*4 105*4 *105*4
105*8 105*8 105*4 *105*4
107
107*2 107*2 *107
*107*2 *1075e *107*2 *107*2
*106*8
106*4 *106*8 106
106*4 106*8 106*8 *106*8
106
106
106*8 106
106
*106
106*8 106
103% 103*2 "1033s 103 5q
103*2 103*2 103*2 *103*2
*100*2 *x99*2 *99*2 *99*2
100*2 *100*2 *1003s 100*2
11978 11978 *119% *119%
*106*8
*106*8
106*8
*106
*103*2
1035s
99*2
100*2
119%
This is the price bid; no sale was made at the Board.
Range since Jan. 1,1878.
Lowest.
Highest.
Amount
Registered.
6s, 1881
cp. 105*8 Feb. 25 110% June 27 $196,751,650
48.447.300
6s, 5-208,’65.cp. 102*4 July 22 105*8 June 6
6s, 5-20s,’67.cp. 104*2 Aug. 12 10858 June 27 108,815,400
16,041,000
6s, 5-20s,’68.cp. 106% Jan. 2 111 *4 June 28
5s, 10-408...cp. 103 78 Mch. 1 109% July 29 144.280.800
5s,fund.,,81.cp. 102% Feb. 25 10778 July 30 239.689.800
4*28,1891 ..cp. 1017s Mch. 1 105 Aug. 17 157,377,750
9
98.130.300
4s, 1907
cp. 100*4 July 1 102% Jan.
64,623,512
6s, cur’ncy.reg. 117*4 Apr. 5 !22*e1Vfay 25
Coupon.
$85,984,700
43,345,800
201,798,700
21,424,300
50,285,500
268,750,550
92,622,250
43,719,700
Bank of Manhattan Co... 131 *4
Pacific Bank
128
Merchants’ Bank
120%
People’s Bank.... 110%@111*4
127
Mechanics’ Nat. Bank
New York Gaslight Co... 91%
Manhattan Gaslight^Co 190
Ninth Nat. Bank (n. s.)...100
60 The Page,Kidder&Fletch25
er
200
50
20
40
50
59
United States Express Co.
49*4
Brooklyn Gaslight Co.... 150*2
New York City Ins. Co...
60
Tradesmen’s Fire Ins. Co. 132*2
Niagara Fire Ins. Co..... 112
Peekskill Gaslight Co....101
Closing prices of leading State and Railroad Bonds for two
past, and the range since Jan. 1,1878, have been as follower
States.
Sept.
Sept.
6.
13.
73
73
103
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s, old
.
*102%
*16*2
*335g
*72*2
do
2d series.. *29
do
Dist. of Columbia, 3-65s
*78*2
Railroads.
Central of N. J. 1st consol
Central Pacific 1st, 6s, gold.. 105 7s
Chic. Burl. & Q. consols 7s... 113*2
99
Chic. & Northwest, cp.,gold..
Chic. M.& Sfc. P. cons. 8. f. 7s..
935g
Chic. R. I. & Pac. 6s, 1917... 108*2
*115
Erie 1st, 7s, extended
Lake S. & M. S. 1st cons., cp.. *112
Michigan Central consol. 7s.. *111*2
Morris & Essex 1st mort
N. Y. Cent. & Hud. 1st, cp
*117
*99
Ohio & Miss. cons. sink. fd..
Pitts. Ft. Wayne & Chic. 1st.. *118
104
St. Louis & Iron Mt; 1st m
Union Pacific 1st, 6s, gold.... *105*8
do
sinking fund.... *99%
Virginia 6s, consol
.
of each
Sept. 1.
and int.
weeks
*
The range in prices since Jan. 1, 1878, and the amount
class of bonds outstanding Sept. 1, 1878, were as follows:
4,000 Brooklyn 7s, bridge
bonds, 1920....
116*4,
4,000 N. Y. Co. accumulated
debt 7s, due 1884, 108
Shares.
100
132
116
300
50
25
20
13
three
Interest Sept.
7.
Period
*
and 1886
104*4^108*2
4,000 Rhode Is. 6s,reg.,’82..106*2
30,000 Conn. 5s, reg., ’97. ..106*4
2,000 Iowa 7s, coup., ’81
104*2
4,000N. Jersey 6s,coup.,’83..107
$4,001,200 $243,920,800 $258,431,100
Inc.
16,953,100 Dec.
19,062,300 Dec.
216,711,200 Inc.
50,683,500
25,000 Ohio 6s, reg., due ’81
.
*16*2
*33
*72
*3134
*79*4
Range since Jan. 1,1878.
Lowest.
69% June 8 85
102*2 Aug. 23 108
Mch. 29
18
Sept. 9
395s May 14
29
74
July 31
Apr. 12
31
85
64% Mch. 4 90
*105*8 1035s Jan. 15 10858
Jan.
2 113%
*113*2 109
99*4 9178 Jan. 14 103*4
94*4 91*8 Jan. 5 102%
108%
*115*2
*113*8
*111*2
117%
106
L10
L09
Jan.
May 25
Sept.10
June 10
July 11
June 28
Sept.ll
May 31
May 25
5 110*2 June 28
Jan.
7 116%
Jan. 10 112*2
July 8
Sept.10
.05*8 Jan. 5 112*4
.15*2 Jan. -'5 120
*118*8 .17*2 Sept.10 122
*99*4 957s Feb. 20 102*8
:18
Feb.
*119
8 121*2
*103
.03
Apr. 5 1093s
*105*2 l03*8 Jan. 7 1085s
100
923s Mch. 6 105*4
Aug. 24
Apr. 29
June 26
June 27
June 13
May 24
June 28
July
9
Board.
Miscellaneous Stocks.—The
somewhat
Feb. 11
June22
15
33
This is the price bid; no sale was made at tbe
Railroad and
Highest.
stock market
irregular, showing considerable strength
arly in the week, but falling off again toward the close. One of
he principal movements was an advance in the granger stocks,
Northwest and St. Paul, on Wednesday and Thursday, hut the
dvance then made was not sustained to-day.
The reports of
*
( arnings on the Western roads, except St. Paul, are generally
ood for August, as will appear in the table of earnings to be
ound on another page.
Western Union Telegraph has been one
(
tas
e
,
*
been
276
THE
The daily
highest and lowest prices have been
Saturday,
Sept. 7.
Monday,
Tueadav,
Sept. 10.
Sept. 9.
Central of N.J
34
34
84)
<3hlc. Burl.* Q. Ill
110H 111)
<J. Mil. A Sfc. P. 27H 28!
528%
do
66
pref. 66
66% 673
'Chic. A North. 84% 85
35
35
do
66
pref. 65*4 66
C. R. I. A Pac.. *17% 118
*117 117j
-Del.& H. Canal 49% 49
48% m
Pel. Lack. a W 52
52
50+4
fRrie
13
13
Han. A St. Jo..
15
15%
do
pref. 3S
38% 37%
Illinois Cent... Wi 78 H 78
Lake Shore
67
07%
Michigan Cent 71
71%
Morris <ft Essex 83
83% *83
N.Y. C. & a. k. 114% 114% 114
Ohio A Miss...
*7%
p
.
|
...
“
$
as
follows:
Ihursday,
Sept. 12
Sept. 11.
CHRONICLE.
—Latest earnings reported.—.
Week Or Mo. 1878.
1877.
Friday,
Sept. 13.
33%
34% 34
34% 34% 31% 34
84%
110% 111
110% 110% 110% Hof
110f£ 110*
29% 29% 30% 29% 30% 28% 29,
60% 07)1 67% 68% 67% 69% 67% 63)
34* s-41 35% 36% 35
36% 34% 3f
65% 00)4 66% 60*8
66% 6'.
116% 117 117 117
117
117
48% 487*2
49% 49%
50% 51%
51% 52%
12% 13)1
13* 13%
14
15*4
14% ' 14%
37%
37
87%
78%
;
79% 79%
65% 66%
70% 6M% 70%
03
83
82% 82%
113* 113)4 113% 113%
113%
usg 113%
7%
8
7%
7%
8%
*17
18
17% m %
17
17
17%
17%
*... 12>
gjj
x?3 &
.Pacific Mail....
Panama
*.... 127
127
*.... 127
125
Wabash
15% 15% 15% l&A 15)6 15%
15% i5% i5%
Union Pacific..
64% 6»& 04% 05%
66
65% 66%
"West. Un. Tei.
98
94
93%
94
95%
95% 94% 94%
.Adams Exp....
*105 100
1053 100
105
105
*04%
*04% 105%
American Ex..
*483
f*40% 49%
49%
48% *48% 49%
United States
*49
"49
50
49
.
Wells, Far<o..
91
•Quicksilver....
do
*
pref.
These
are
92
92
*
*30
35
*91
12%
*30
35
the prices bid ana asked:
no
49
*90%
*30
35
salt,
was
*12
*30
49%
40%
*12
*30
12%
34%
made at the Board.
Total sales this week and the
range in prices since Jan. 1,
follows:
■were as
Shares.
Ctentral of N. J
Chic. Burl.& Quincy.
Chic. Mil. &St.P..
do
do pref.
..
•Chicago & North w...
do
do
pref.
-Chic. Rocklsl. & Pac.
Del. & Hudson Canal
Del. Lack. & Western
Erie
Hannibal & St. Jo.
do
do pref.
..
Illinois Central..'..
..
Lake Shore
Michigan Central....
Morris & Essex
N. Y. Cent. & Hud. R.
Ohio & Mississippi...
Pacific Mail
Panama
Wabash
Union Pacific
Western Union Tel...
Adams Express
American Express..
United States,Exp...
Wells, Fargo & Co...
2,710
1,345
48,900
49,933
53,620
111,754
1,260
1,055
73,720
27,970
13%
99%
27%
64%
32%
59%
983s
6,080
959
83,193
Sept. 2
Sept. 2
Aug. 10
Feb.
9
112
Jan.
17,920
29,987
100
65
98
46
44
Jan.
pref
29% Feb.
5
Total sales of the week in leading stocks
St.
Paul.
Bept.
“
7
9....
“10
“
11....
“
12....
“
13
....
....
4,300
5,900
4,925
16,190
8,750
8,835
St. Paul
pref.
North¬ N’rfchw.
west.
4,575
4,000
5,225
7,300
5,354
3,600
12,900
16,815
9,005
17,139
11,390
6,250
30%
4%
7
17
79
7330
June 10
Sept. 5
Apr. 15
2%
Jan. 16
12%
80
73*
95% Sept, 11
Ang. 17
52% May 8
84%
pref.
105
60%
51% Feb. 25
95
June 5
19% Feb 25
59%
90
24
45
June 15
were as
Del. L.
& West.
113s
26%
130
Mch. 20
37
33%
40%
35% 74%
51% 92%
85% 109%
Feb. 25
2038 Apr. 5
73
77
15
1£%
45
8 106
Aug. 2
Aug. 7
82% Jan. 7
12
Aug. 21
238
95
follows:
Lake
Shore.
Erie.
6.400
13,600
27.900
10.900
7,520
7.400
9,310
3,900
6,260
3,910
2,700
1,890
8,843
6,550
30,200
11,500
10,400
15,700
outstanding is given in the
last line for the purpose of
comparison.
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the
gross earn¬
ings of all railroads from which returns can be obtained.
The
columns under the
heading ‘"Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and
including, the period men¬
tioned in the second column.
•—Latest earnings reported.—
EARNINGS.
Week or Mo.
1878.
1877.
Atch. Top. & S. F. August.... $467,000
$255,572
Atl. & Gt. West.. .July
303,601
301,730
Atlantic Mis8.& O. July
127,441
133,404
Bur. C. Rap. & N. 1st wkSept
29,661
35,917
Burl. AMo.R.inN. July
79,688
68,340
Cairo & St. Lou%. August
20,686
17,176
Central Pacific...July
1,517,000 1,391,867
Chicago & Alton.. 1st wk Sept 108,512 113,580
Chic. Burl. & Q...July
946,427 829,300
Chic. A East. Ill.. 1st wk Sept
17,313
15,333
Chic. Mil. & St. P.lst wkSept 178,000
227,817
Chi,o. R. I. A Pac. June
568,217 536,235
CLev. Mt. V. & D. .August...
34,413
33,989
Dubuque & S.City.lat wkSept
Erie
May
Cal. H. A S. Ant. .July
Grand Rap.&Ind. June
Grand Trunk. Wk.end.Aug.31
Gt’t Western.Wk.end.Sept. 6
*111. Cent. (m.line)Aiigiist
do
Iowa lines.August
Tndianap. Bl.&W.3d wk Aug
Tut. A Gt. North..August
Kansas Pacific.. .1stwkSept
Mo. Kane. A Tex .August
Mobile <fe Ohio—July
Hashy. C1l& St.L. July
Pad.*Elizabetht.3d wk Aug
Pad. A Memphis..3d wk Aug
Phila. & Erie
July
*
19,194
26,500
13,070
17,541
18,055
24,096
1,172,961 1,234,095
83,877
93,263
175,208
91,569
562,160
98,537
31,329
118,461
108,014
294,835
95,676
112,702
6,952
3,762
214,081
August earnings include those
1
on
The tendency
sixty-five thou¬
Quotations.
Gold
Open Low. High Clos.
Clearings.
9..
10..
11..
12..
100%
100%
100%
100%
100% 100% 100%
7,397,000
13,338,000
100% 100% 100%
100% 100% 100%
100% 100% 100%
100%^
This week
100% 100% 100%
Prov. w’k 100% 100% 10050 100%
S’ce Jan. 1 102% 100% 102% 100%
The
following
are
-@$4 88
3 84 @ 3 88
4 75 @ 4= 80
3 90 @ 4 10
Span’h Doubloons. 15 65 @15 90
Mex. Doubloons.. 15 45 @15 60
Fine silver bars
112%@ 113%
Fine gold bars.....
par.@ %prem.
X X Reichmarks.
X Guilders
.
835,203
1,078,295
1,375,627
964,015
46,788,000
$747,000
$751,043
$
quotations in gold for various coins:
$4 84
Napoleons
10,570,000
830,500
1,073,000
1,411,000
960,703
8,143,000
£
13.. 100%100% 100% 100%
Sovereigns
Balances.
*
Dimes & % dimes. — 98 @
Silver %s and %s. — 98 %@ —
Five francs
90 @ —
Mexican dollars.. — 88 @ —
English silver
4 75 @4
Prus. silv. thalers. — 68 @ —
Trade dollars..... — 97%@ —
New silver dollars — 99%@ —
—
—
....
Exchange.—Foreign exchange showed
for
Gold.
Currency.
$8,378,000 $1,037,934 $1,041,685
7.. 100% 100% 100% 100%
“
follows:
were as
Wednesday’s steamer, in
some
little
98%
99
92
90
85
70
98%
par
activity
consequence of purchases of sterling
bills made by the importers of United States
bonds.
After their
wants were supplied, there was
very little demand, and rates fell
off.
Leading drawers made an advance to-day of £ point in the
their asking rates, but this checked
business, and on actual trans¬
actions rates were about
4'81$@4'81£ for
sixty days’ sterling and
4*86$ for demand.
For domestic bills the
following were rates on New York
undermentioned cities to-day: Savannah,
at
the
buying £ offered, selling
$ offered; Charleston, £@5-16, £@par; .New Orleans,
commercial,
3-16, bank £; St. Louis, 50 discount; Chicago, 25
discount;
and
Boston
par.
9,300
13,258
12,500
37,790
22,550
16,356
Total... 48,900 49,933 53,620111,754
73,720 27,970 83,193
Whole stock. 154,042 122,794 149,888
215,256 524,000 780,000 494.665
The total number of shares of stock
Dakota Southern.July
Deuv. & Rio G... 1st wkSept
Detroit & Milw.. .July
Sept.
“
37% 69%
82% 105%
25% 74%
145,890
207,284
134,576
427,184
254,804
863,933
722,722
6,764,808 7,026,000
3,14/,365 2,879,099
.
a
very unsettled state.”
The range of gold and
clearings and balances
“
43%
93,931
248,337
market into
37%
15
105,643
332,833
offering during the afternoon, and this moderate
supply, coupled with a complete absence of inquiry, threw the
118%
42%
73%
317,135
2,583,626
1,984,866
362,434
204,571
2,136,365
385,563
217,813
There was no demand for silver on
Thursday.
of the market at the close was weaker.
About
sand pounds were
6
40%
300,364
2,527,478
“
94
11
8
9
55% Apr. 17
79% July 11
119% June 7
59% July 10
61% July 10
18% July 31
16% Sept. 5
40
Sept. 5
87
July 11
69% Apr. 15
72% Apr. 18
5 131
12% June26
61% July 31
75% Feb. 13
High.
1877.
Market.—Gold closed to-day at 100£, after
selling
at 100£.
Early in the week the price declined to 100£. On gold
loans the rates are 1@1$@2 per cent for
use, and flat.
Silver is quoted to-day in London at
51$d. per oz. The London
Times of to-day (September
13) says in its financial article:
“
54% July
84% July
58% Jan. 3
1,718
673s Feb. 28 89
2,342 103% Feb. 11 115
4,090
6% June 29 11%
2,259
14% June 21 23%
5,930
Low.
Jan.
2 45% July 11
Feb. 28 114% July 15,
13,658
Quicksilver
do
Highest.
Jan. 15
45
5
Jan.
463s Mch. 5
75s Jan. 5
10
Feb. 28
21% Feb. 28
723a Feb. 14
55% June 29
4,230
531,222
1878.
$6,658,147 $7,483,134
The Gold
“
Lowest.
■Jan. 1 to latest date.—*
Phila. A Reading. July
$987,721$1089,64l
St.L.A.&T.H. (brs) August
43,655
46,503
St. L. IronMt. &S.AugU8t
359,100 374,165
St. L. K. C. & No.. 1st
wkSept
79,190
78,514
St. L.&S.E.(St.L.)3d wk
Aug
15,728
16,521
do
(Ken.).3d wk Aug
8,205
7,813
do
(Teim.).3d wk Aug
3,342
4,090
St. Paul & S. City. July
47,720
40,597
Scioto Valley
July
28,176
Sioux City & St. P. July
27,520
21,048
Southern Minn...July
53,201
46,951
Tol. Peoria A War. 1st wkSept
27,772
28,586
Union Pacific
July
1,014,959 1,033,592
Wabash
August.... 577,940
1877,
Whole year
1877.
Jan. 1,1878, to date.
Sales of
Week.
49%
90% 90%
&
|Vol. XXVIL
Jan.l to latest date.—.
1878.
1877.
$2,305,577 $1,479,385
889,251
1,022,642
814,769
142,402
9,400,363
3.109,608
7,364,218
889,522
651,499
483,675
156,058
9,230,572
2,942,977
6,301,348
5,606,000 4.418,629
243,179
122,924
705,394
518.512
630.513
5,872,677
244,514
96,486
482,526
451,246
526,256
5,777,702
66,212
612,910
489,664
86,485
574,500
517,367
190,050 5,718,904 5,862,233
88,493 3,043,385 2,789,573
564,889 3,474,529 3,121,012
127,575
953,362
819,661
31,018
795,904
756,223
115,939
795,967
866*927
86,989 2,261,027 2,017,221
323,347 1,770,521 2,007,405
96,932 1,032,110
923,781
131,646
934,675
942,640
7,797
3,776
126,792
114,390
163,501
1,475,733
Springfield Division.
1,553,366
Quotations for foreign exchange
are as
Sept. 13.
60
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin
(reichmarck?)
Boston
June 10/
June 17.
June 24.
July
1.
•July 8.
July 15.
July 22.
July 29.
Aug. 5..
Aug. 12.
Aug. 19.
Aug. 26.
Sept. 2.
Sept. 9.
.
:
days.
4.81%@4.82%
4.81
4.80
4.79
@4.82
@4.81%
@4.80%
5.21%@5.18%
5.21%@5.18%
5.21%@5.18%
39 %@
94% @
94% @
94%@
94%@
June 10.
June 17.
June 24.
July
July
July
July
July
Aug.
Aug.
1.
8.
15.
21.
29.
5.
12.
Aug. 19.
Aug. 26.
Sept. 2.
Sept. 9.
days.
4.86%@4.87
4.85%@4.86%
4.84%@4.85%
4.83%@4.85
5.19%@5.16%
5.19%@5.16%
5.19%@5.16%
40%@
94%@
40%
94%@
94% @
94% @
95%
95%
95%
95%
Banks.—The
38,080,092
follows:
1878.
June 3.
40
94%
94%
94%
94%
3
a
Philadelphia Banks—The totals of the
are as
:
following are the totals of the Boston
series of weeks past:
Loans.
Specie. !L. Tenders. Deposits. Circulation.
Agg. Clear.
S
S
$
$
*
31
123,973,200 3,448,600 5,26\600 50, P-5,800 25.446,300,
33,875.446
125,010,400
3,211,800
5,756,100
51,676,400 25,504.600
42,181,604
12 >,764,700
2.890,900 6,2:4,200
51,572,000 25,527,600 40.871,875
127,030,700
2,077,400
6,681.800
52,156.100 25,372,700
39,188,858
128,621,703 2,633,800
6,075,100
52,775 300 25,048,400
42,626,701
129.849,003
2,451,900 5.917,800
53,252.000 25,361,400
51,573.480
130,70: *,900
3,488,000
5,466,400
52,285,800 25,339,200
47,130,751
131,136,200
3,3->3,400
5,282,600
52,095.600 25,297,600
43,821,118
130,653,600
3,011/00
5,511,900
51,569 400 25,045,500
37,141,870
131,387,300 2,944,200
5,890,100
51,906,700 25,143/UO 37.181,493
131,816,000
3,003.800
5,846.800
51,490,700 2 >,08),200
35,455,252
131,972,900
2.880,800
5,626,409
50,948,100 25,128,000
35,748,088
131,615,700 2,768.100
5,627,300 51,369,100 25,0 0,400 83,442,865
132,125,900 2,731,600 5,802,300 ” 51,904,500 25,008,200
81,659,018
131,595,100
3,040,000
5,613,700 52,390,800 25,281,000
banks for
1878.
June 3.
...
follows
Loans.
$
57,141,428
57,380,687
57,542,325
57,104.069
56,906,372
57,417,581
57,540,336
57,701,352
57,582,408
57,836,672
57,394,189
57,506/45
57,450,042
57,515,21?
58,189,644
Philadelphia bank*
Specie. L. Tenders. Deposits. Circulation. Agg.
Clear,
$
$
4
S
1,957,813 12,723.700 44,901,979 11,069,120
26,800,606
1,948,551 12,777,652 44,814,241 11,070,141
39,002,223
1,810,592 12.674,595' 44,900,053 11,049,673
31,067,892
1,799,585 13,166.808 44,908,901 11,006,979
30,667,918
1,898,257 13,726.831
45,647,430 11,001,126 29,( 62,252
2,165,605 13,6 *7,763
45,931,792 11.055.863
33,320,691
2,131,277 18,600,496
46,419,105 11,075,562
2,088,968 13,413,067 46,082,238 11,118,080 39/62,571
80,692.010
2,122,939 13,750,039
46,127,426 11,133,381
21,830,509
2,28*,860 13,729,614 46/02.675 11,136.613
29,494,324
2.342,437 13,434,151
45,561,288 11,158,503
26,839,131
2,236.021 18,610,305
45,757,350 11,164,372
27,006,463
2,183,120 13,452,892
45,497,226 11,150,955
23,731,264
2,172,809 13,547*829
45,806,145 11,191223
24,754,736
2,166,359 13,302,270 45,504,418 11,184,010 28,719,076
September 14,
THE CHRONICLE.*?
1878.]
New York City Bank*.—The folio
wing statement shows the
condition of the Associated Banks of New York City for the week
-ending at the commencement of business on Sept. 7, 1878 :
277
BOSTON, PHILADELPHIA, Etc.—Continued*
Bid
sxctramss.
Ask.
.
Bid. Ask.
SKCURITIRS.
-AYJSBAGH AMOUNT 0?-
Loans and
Legal
Capital. Discounts. Specie. Tenders.
$
S
$
New York
9,086,200 1,767,600
3,000,000
459.600
Manhattan Co.... 2,< 50,000
496.600 1.435.500
5.137.300
Kerch tnts’
824.600 1.562.500
7,376,500
2,0 6,000
Mechanics’
189.500
808.500
2,0)0.000
7,105^,200
Union
1,200,000
8,4*2,100
382.200 1,177,000
America
3,000,000
6.742.300 1,310,400 3,525.600
Phoenix
378,000
1,0 i0,000 2,139,000
51)2,000
City
3.480.600 1,201.900 3,100,000
1,000.003
Tradesmen’s
3,2 >0,20:)
299.100
211.700
1,000,000
Pnlton
155.400
600,000
1.303.100
872.600
Chemical..
800.000
9.835.300
571.900 2,735,200
Merchants’Exch. 1,000,000
3,460,000
210.600
584.600
Gallatin National 1,500,000
5 0,600
4.118.900
156.600
Butchers’* Drov.
600/00
1,287,000
96,000
156,000
Bakes.
Net
%
.
1,409/00
8^2,000
..
Broadway
1,000,000
"Mercantile
1,000,000
Pacific
422,700
Republic
1,500,000
Chatham
450,000
412,500
North America..
700,000
Hanover
1/00,000
Irving
500,000
Metropolitan.
8,000,000
Citizens’
600,000
People’s
..
.
Nassau
Market .....‘
St. Nicholas
Shoe and Leather
Com Exchange..
Continental
Oriental
Marine
1,000,000
1,000,000
1,000,000
1,000,(DO
1,000,000
1,250,000
300,000
400,000
Importers’&Trad 1,500,000
Park
Mech.
2,000,000
Bkg. Ass’n 500,000
Grocers’".
300,000
North River
240,000
East River
250,000
Manuf’rs’ & Mer.
100.000
Fourth National. 3,5-0,000
Central National. 2,000,000
8econdNational.
300,COO
750,000
Ninth National..
First National...
Third National..
N. Y. Nat. Exch.
Bowery National.
New York County
German Americ’n
500,000
1,00.),000
300,000
250,000
20,000
750,000
2.245.300
19,030
274.000
12.700
423.500
147.100
7,052,500
171,060
124,000
3,119,100
7.471.400
2,206,000
....
..
50*4
51
...!
113
P-
do
do
do
do
do
574,800
413.300
263,000
198,000
2,700
5s,
5s,
6s,
6s,
6s.
....
02
in*
2. 104*i6 105
a. no
HI*
79
10-15, reg
lf-25, reg.
In. Plan°
do
rej
reg
6s, old, reg.
■
■
1,777,800
894.300
115*
|
jJq
391,COO
5,400
....
•
•
•
*•1
•
•
do
7s, reg. & couj; i.
Delawure 6s, coupon
Harrisburg City 6s, coupon,
BALTIMORE.
i
217,00)
3,900
251.400
do
do
do
495,600
4*
•
pref
1
0
30
•
•
34
679,800
jnnsym
4,700
Elmira &
do
QO
776.300
'
Williamsport.,
do
uu
prei..
•i
Har. P. Mt. Joy & Lancaster.
o’/'AAA
349,000
1,114,400
do
do
Lehigh Valley...
297,500 Little Schuylkill.......
1 Silnehlll
I1 Nesquehonlng Valley.
799,300
268.700
....
39*
*39% E
44*
x
98
•
100
l
*4*1
*
32%
!0* „
Inc. $4,001,200
Legal tenders
The
following
Apr.
6.
Apr. 13.
Apr.
Apr.
May
May
May
May
20.
27.
4.
11.
18.
25.
June
June
Jon.
Jnn.
Jun.
1.
July
July
July
July
Aug.
Aug.
Aug.
Aug.
8.
15.
22.
29.
6.
13.
20.
27.
3.
10.
17.
24.
Aug. 31.
Sept. 7.
47,200
Dec.
3,265,000
are
Loans.
t
1878.
Mar. 30.
...Dec.
241.590.900
240.649.100
236,018,400
232.113.400
230.301.500
229.936.400
232,030,700
233,122,600
233.997.200
231,049,400
236,132/00
234.639.100
234,7:3,700
232.720.200
236.516,000
234.120.100
236.195.500
238,636, C00
238,09*,200
240,220,10C
235.555.400
236,994,300
Net
deposits
Inc.,
Dec.
Circulation
•
•
Morns
do
pref
376,400
$
$
$
29.425.400
36,620,700
26,637,000
19.912.300
35.486.900
28,666,100
210,378,400
204.663.200
201.926.600
202,053,400
200,875.000
199,074,000
201,038,000
199.686.100
198,985.300
199,867,900
202,271,800
205.785.200
205.384.100
205.965.600
35.935.900 32,166,000
3/585,100 34,933,800
30,051,900 36.435.300
27,469,500 38,612,000
23,030,200 41,020,100
19.827.100 44,023,900
17,001,200 47,248,000
16,801,200 47.816.400
17,105,210 49.502.900
15,069,700 52.466.900
16.311.900 53.996.300
20,420,000 53.606.300
22,048,600 55.556.300
22,001,600 57.543.900
19.695.600 58,409,600
17.990.800 58,610,100
20.407.600 56.286.500
19.944.600
19.959.200
19,982,400
20,021,800
19.998.300
20,033,100
20,012,300
20.005,800
19,941,000
19.979.600
19.984.900
19.909.900
19.934.200
19.823.900
213.816.700
217,411/00 19/22,100
221.252.100 19,405,100
222.133.700 19,078/00
219,978,500 19.273.600
2*3,432,700
19,189,800
374,239,182
390,933,811
361.644.610
349,403.759
do
118
..
Municipals..
Portland 6s
Atch. * Tcpeka 1st m.7s
10
107
do
land grant 7s lo6$6
do
2d 78
97*6
do
land Inc. 8s..
Boston a Albany 7s
ii'e*
do
«s
Boston A Lswell 7s.
112*
Boston A Maine 7s
Bos on * Lowell 6s
boston * Providence 7s
Burl. * Mo., land grant 7s....
112*
do
Neb. 6s
101
do
Neb. 8s, 1883
Conn. * Passumpslc, 7s, 1897.
*08
..
Fitchburg KR.,6s
do
Kan. City
do
do
7s, Inc..
Eastern. Mass.. Rv«. n#»w.
...
106%
100
72
...
Boston* Albany
Boston & LowelJ
Boston & Maine
Boston & Providence
Burlington A Mo. in Neb
Cheshire preferred
Cin. Sandusky * Clev
Concord
Connecticut River
Conn. * Passumpslc
Eastern (Mass.)
Eastern (New Hampshire)...
1 at
Vs
75
109
ES*
*8* 104
e*
72
133
50
Kan. City Top. * Western... 68
Manchester * Lawrence
132
Nashua* Lowell
102
wvnfir Mr vpw Emrland...
5K
103
....
no
in* 112
m
fia
nn
'QX.
•
&
15
121*
do
do
D
•
do
•
•
(I.&C.) lstm.7s,’8i20
8. p.c.
st’k.guar
95
*
*
90
95*
• • •
L<
Je
do
do
6s,’82 to’87
6s, *97 to ’99. .v
do
do
do
do
water 6s,’87 to ’89 t
water stock 6s,’97.+
wharf 6s
,.t
do
do
r
....
*•*
do
2d m. 7s, cp.,’88 101* 102*
Phlla. * Read. 1st m. 6s, ’43-’44. 104
104*
do
do
M8-.49.
do
2d m.,7s, rp.,’93
do
deben., cp., ’93*
do
do
cps.off.
do
50
57
scrip, 1882.
do
‘ In. m.7s, cp,1896
do cons. m. 7a, cp.,l9li.. 102*103
do cons. m. 7s, rg.,1911.. 102*1 03
do cons.m.68,g.l.i911....
do conv. 7s, fo934
55
do
35
7s, coup, off, ’93 30
do scrip, 18S2
•"*
Phlla.* Read. C.& I. deb.
..
spec’l tax 6s of ’89.t
e Water 6s, Co. 1907 4
l.lstm.(I*M)7b,’8
2dm., 7s
1st m.,7s, 1906.
•
’**
...
***
103* 103*
Lc
Lc
100
’86
do
t
6S, ’93...
’98
83*
ST. LOUIS.
St Louie 6s, lot
do
water 6s, gold
do
do
do
bridge appr., g. 6s f
renewal, gold, 6s.t
ao
sewer, g. 6s, ’9;-2*3.f
st Louis Co. new park, g.6s.t
4
cur. 7s.s
34
102*
103*
new
do
do
do
95*
107
Je
lc
7s,92
101*
86* 88*
106* 107
L(
.
ni*r
96
96
96
96
96
96
t
***
*
88*
LOUISVILLE.
r
•
104* 104%
100* L07*
108*
I
interest.
m.
m.
g
30
29
Navy Yard 6s, rg/81
In dpfau’t,
7s,
7s, ’84.
7s, ’83.
Istm., ’81...
1st m., 1905
lstm. Us, 190f
A
do
do
a
LI
Cl
105*
104
*
m.
2d
3d
do
...
95
2d
D
114
....
52*
do
P
.76* 81
•
2dm. 7s,’85..
Li
107* 108
7s, coup.,’8i
106
•
105*
m.
7'30s
Id
"•
•
0
31
...
114
gen. m. 7s, cp., 1903 105
l8t
72
130
103*
103
29
,
do
71H
•••
•
....
...
B.,7s,cp.,’9
scrip...
RR.7s, ’96-l90(
Pennsylv., 1st m., 6s, cp., ’80.
|
do
gen. m.6s,cp.,19l(
do
gen. m. 6s, rg.,191(
do
cons. m. 6s, rg., 190f
do
cons. m. 6s. cp., 190£
STOCKS.
Atchieon & Topeka
c
99*
do
Pa.& N.Y.C. &
Vermont & Mass. KR.,6s
Fitchburg
7s
Top. * W., 7s, 1st
..
Ponn
;usv.
50
12
26
....
103
do
102*
do reg., 1898...
26* j oil Creek 1st
’0296 103
c
7b
South. RR. 7‘30s.f 102
do
6s, gold.t 86
Co., O., 6s. long...t 95
do
7s, lto 5 yrs..f ICO*
do
7 & TSOs, long/ 104
h
....
100
•
do
do
93
103
do 2d m.,7s, reg., 1910.. 114
do
con. m., 6s,rg.,l92c
99*
do
do
6s,cp.,19<J
Little Schuylkill, 1st m. 7s,VS
do
....
;;;;
...
do
14*
do
do
do
do
ios
.
355,692,070
106
Rutland 8s, 1st mort
Verm’tC. 1stm.,7s.
Vermont * Canada, new 8s..
99
ios
95
r
...
104*
Canton endorsed. 103
MISCELLANEOUS.
CINCINNATI.
.
353,550.231
....
B
98
95
-
376,809,115
352,707,254
353,322,472
414,140,015
2d,M.*N
8s, 3d, J. & J....
U
g p
100*
•
Connecting 6s, 1900-1904
Dan. H. & Wilks., 1st., 7s, ’87/
Delaware mort., es, various.,
& Bound Br., 1st, 78.190J
East Penn. 1st mort. 7s, ’88
E1.& W’msport, 1st m., 7s, ’80,
do
5s,perp.
Harrisburg 1st mort. 6s, ’83..
H. & B. T. 1st m. 7s, gold, ’90
do
2d m. 7s, gold, ’95.
do
8dm. cons. 7s,’95*
Ithaca* Athens 1st g d, 7s.,’9(
Junction 1st more. 6s, ’82
do
2d mort. 6s, 1900
»up. * Miss., 1st m., la, g.1
Lehigh Valley, 1st,6s, cp., 189J
339,022,452
Bid. Ask.
do
6s
Omaha & S. Western, 8s
Pueblo & Ark. Valley, 7s
6s. ’85.
6s, ’87.
.,
351,364,165
~26%
m.
m.
Catawlssa 1st,7s, conv.,’82...
do
chat, m., 10s, ’88
new 7s 1890
do
382,688,884
....
115
do
do
109
88*
do
2dm., 78, cur.,’8(
Cam. & Burlington Co. 6s,’97
361,572,687
Hartford & Erie 7s, new...
Ogdensburg & Lake Ch. 3s... 100
Old Colony, 7s
Massachusetts 5s, gold
Boston 6s, currency
do
5s, gold
Chicago sewerage 7s
•
[ 103*
»
68, COU]
mort. 6s, ’«
iii
no
Cam. & Atl. 1st m. 7s, g., 1903 114
no
—
Vermont 6s
•
”*8‘
0
23
1j5
do
do
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
SBGTTBITIK8.
2d
3d
dO
do
359,353,328
441,442,055
381,415,325
426,180,360
419.201,399
439,525,545
.
do
•
217.884.700 19.325.600 342,277,469
18.662.800 55,059,800 216,068/00 19.305.600 330,537,433
239,431,700 17,000,300 53.948.500 216.164.100 19,438,700 285.766.611
243.432.900 16.953.100 50/83,500 216.711.200 19,062,300 348,022,456
Maine 6s
New Hampshire 6s
• •
108
•
•
55.479.400
BOSTON.
•
Allegheny Val.,7 3-10s, 1895..
do
7s, E. ext.,191 0
do
Inc. 7s, end.. ’94
a
Specie.
$
88.767.600
Bid. Ask.
*
Susquehanna
series of weeks past:
L. Tenders. Deposits. Circulation. Agg.
Clear,
S20UBIT1K8.
•
RAILROAD BONDS.
the totals for
19,234,300
50
122*
Pennsylvania
Schuylkill Navigation
pref..
BOND8.
& Ohio 6s, 1880, J.&J..
do
6s, 1835, A.&O.
W. Va. 3d in.,guar.,’85,J* J
do
2d m.,guar., J.&J.
do
2d m.,pref
do 2d m.,gr. by W.Co.JA j
do 6s, 3d in., guar., J.& J.
18*
18*
-
do
Parkersb’g Br..50
...
•
•
CANAL STOCKS.
$547,100
do
p Ittsb.A Conneir8V.7s,’f?9,J*J
' 4
4% K orthern Central 6s, ’85, J&J
do
6s, 1900, A.&O.
vm 129
do 68, gld, 1900, J.&J.
c an. Ohio 6s, 1st m.,’90,M.& 8.
r. Md. 6s, 1st m., gr.,’90,J.<S
do
1st m., 1890, J.&J.
Delaware Division.
Specie
Wash. Branch. 100
E alt.
....
.
West Jersey
64,625,230 243,432,900 16,953,100 50,683,500 216,711,200 19,062,300
The deviations from returns of previous week are as follows :
Par.
do
RAILROAD
^8*
io^
•
..
{
40*
•
225,COO
180,000
j
49
Pennsylvania.
Philadelphia A Erie
Pnlladelphla A Reading..
Philadelphia* Trenton..
Phlla.Wllining. A Baltlnv
Pittsburg Titusv. A Buff.
United N. J. Companies
..
RAILROAD 8TOCK8.
•
Norristown
Northern Pacific, pref
North Pennsylvania
I
:::
r
540,000
1,054,300
1,4*7,000
245,000
519,000
45,000
...
..
••
pref
new
6s, exempt, 1687
6«, 1890, quarterly.,
5s, quarterly.
Itlmore 6s, iS84, quarterly.
do
6s, I8S6, J.&J
do
6s, 189J, quarterly...
do
6s, park, 1890, Q.—M
do
6s, 1893, M. AS
do
6s,exempt,’93,M.&S.
do
1900, J. & J
do
1902, J.&J
rfolk water, 8s
do
do
Total
Loans
-ryland 6s, defense, J.& J..
RAILROAD STOCKS.
Camden & Atlantic
do
do
pref
Catawlssa
70
2d m. 6s, reg., 1907
6s, boat*car,rg.,19lS
7s, boat*car.rg.,i9,5
squehanna 6s, coup., ;9i8 .* 27
•
• • t
».
94*
do
do
do
....
pTTT.
AYpmnt Por.it(>.ni
85
nnsylvanla 6s, co
iuylk. Nav.lst m.6s,rg.,’97.
100
•
418.300
79,400
2,230,000
97/00
do m. couv. g., r« g.,’94
do mort. gold, ’97
do cons, m.78, rg.,19lt
>rrl8, boat loan, r
•••
,..
180,000
••w
r
115
•
•
Chesap. & Dela. 1st 6s, rg..’8€
Delaware Division 6s, cp.,*78. 50
high Navlga. m., 6s, reg.,’84 105* ioe
do
mort. RR., rg.,’97 104* 105
ios
105
95 114*
er H5
Allegheny County 5s, coup..
Allegheny City 7s, reg...
Pittsburg 4s, coup., 1913.. .“ '00
3. 80
do
5s, reg. A cp., ]
do
6s, gold, reg
do
7s, w’t’rln.rg.d P. 99
5* 60
do 7s, str.lmp.,reg.
N. Jersey 6s, reg. and coup
45.000
197,000
......
*46-
CANAL BOND8.
....
274,600
81,100
....
cur., reg
new, reg.
Philadelphia,,, 5s
'
...t
•Ml
761*,900
f
103*
103*
103*
103* 1C
103*
105
’
87
•••
•
•
'
Sirs:
...
226,400
9.781.200
2,829,700
2,239,000
937/DO
1,022.000
728,800
2,045,300
816,100
200.700
868,800
66,500
1.568.300
305.300
1,495,600
303.600
12,416,0 0 1.260,000 1,137,000 8,972,000
18,9*8,000 1,067,300 1.982.500 12,795,800
4.946.100
47,* 00
793.600 3,349,403
3.406.100
100,000
650.400 3,064,200
24.600
661.600
1.903.200
2,005,300
i *724’son
466.900
8.441.700
191.200
2.899.600
101.200
633.700 2.751.400
16.100
1,326,603
274.900
1.281.400
1,730,400
93.800
142.500
1.420.300
5,071,300
101.300 1,062,200 4.653.300
1.914.800
40.900
513.300 1.967.500
13,214,000
576,000 2,120,000 10,654,000
1.493.300
273.300
77.600
1.491.300
2.113.800
223.700
65.800
1.832.400
2.346.500
77,100
660.500 1/50,600
254.700
1,908,000
88,000
925,200
3.484.700
396.300 2.396.500
215.700
8.830.500
115.200
333,000
2,000,300
3.644.900
22.400
690.400 2,697,100
1.291.600
20/00
150,00) 1 OfiQhnn
o’.Vry
2,074,700
68.800
560,00)
2,017,2)0
17,515,900
647.200 4.347.200 19,153/300
10.336.300
331,100 2,518,000 11,671,400
624,300
145,600
28.600
503,700
419.200
103.400
526.700
4,300
702
657.900
ann
30.700
118.300
,tyju
726.700
16.900
121.900
537,200
339.900
1,000
93,600
3S8,900
922,700 2,863,100 12,107,100
13.480.300
7 100,000
342,000 1,328,000 6,426,000
1,997,060
440,000
1,946,000
941,000
3,329,000
130,000
3,379,000
7.707.600
560,000 1.565.200 10,353,700
5.717.600
434,000 2,330,000 6,805,300
1,096,500
140,000
43,200
699,100
1.143.100
5,000
205,000
785,700
1.118.200
319,800
1,196,900
2,103,000
178,500
214,000
85* 4
V
Vermont & Maaaachui
Worcester A Nashua.
87
103
th
....
do scrip, 1882
do mort., 7s, 1892-3
Phlla. Wilm.& Balt. 6s, ’84
Pitts. Cln. & St. Louis 78,1900 ‘88
Shamokin V.& Pottsv.7s, 1901
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s 1907.... 97
Sunbury & Erie 1st m. 7s, ’97..
Union * Titusv. 1st m. 7s, ’90. 44
United N. J. cons. m. 6s,’94..
Warren & F. 1st m. 7s, ’95.....
West Chester cons. 7s, ’91
West Jersey 6s, deb,, coup.,’83 81
do
1st m. 68, cp.,’96.1 104
do
1st m. 7s. ’93
105
Western Penn. RR. 6s,ep. 1899 80
do
6s P. B.,’96
*24%
86
..
Rutland, preferred
1,100
4,533,000
1,951,900
1.332.200
410.100
Dgdensb. A L. Champlain
prei
Phil.$;R.C.&I deb. 7s. cps.off
...
24
do
Old Colony
7,500
94,100
5.239.400
91*4
re
$
40,000
7,492,300
4.554.200
..
Mechanics* &Tr.
600,000
Greenwich
200,000
Leather Mannf’rs
600,000
Seventh Ward..
300,000
State of N. York.
800,000
American Exch.. 5,000,000
Commerce
5,000,000
Circula¬
tion.
Deposits.
278
THE CHRONICLE.
381
fV0L XXVII.
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
U. 8. Bonds and active Railroad Stocks
SXOUBITTK8.
Alabama 58, 1883
do
5b, 1886
do
88,1886
do
8a, 1888
do
8a, M.AE. RR..
do
8b, Ala. & Ch.R.
do
8b of 1892.
d(?
8b of 1893
Arkansas 6s, funded
do 7b, L. R. A Ft. S. 188
do Ts, Memphis A L.R.
do 7a, L. R.P. B. & N.O
do 7b, Mibb. O. & R. R
do 7s, Ark. Cent. RR...
Connecticut 6s...
Georgia 6s
do
7s, new bonds....
do
7s, endorsed.
do
7s,gold bonds...
Illinois 6s, coupon, 1879...
43k
43%
i#|
•
.
43%
•
53%
•
.
•
•
»
.
•
4%
108
100
108
• •
•
•
4%
4%
4%
4%
•
• •
•
20
20
22
•
• • •
•
To*
„
„
,
•
•
•
•
•
•
.
.
,,
•
War loan..
•
Kentucky 6b
Bid.
do
6b, new
6s, new float’g debt,
7s, Penitentiary....,
6s, levee
do
8s, do
do
8s, do 1875
do
8s, of 1910
do
7s, consolidated
do
7s, small
Michigan 6s, 1873-79
do
6s, 1883
do
78, 1890
Missouri 6s, due 1878
*./
50
50*
do
do
do
do
do
do
do
do
1882 or ’83
1386..
do
do
1889 or’90....
Asylum or Un.,due 1892.
Funding, due 1834-5...
Han. A St. Jos., due 1886
.
do
do 1337
RAILROAD
AND
ftaliroad stocks.
Reus. A
£1
20
25
Central Pacific
83
Chicago & Alton
do
pref
Cleve. Col. CIn. & 1
Cleve. A Pittsburg, guar..
Col. Chic. A I. Cent
30% 31%
8%
4}
4%
Dubuque A Sioux City.
Erie pref
03
do
do
do
do
do
do
50
50
50
10
73%
104
do
Ohio 6s. 1881
Saratoga, 1 sc reg...
103
105
105%
107%
bds
do
105%
ios%
*80
Indlanap. Bl. A W., 1st mort...
22
305
97
Miscei’ous Stocks.
Atlantic A Pac. Tel
Am. District Telegraph..
Canton Co., Baltimore
7s, sewerage
7s, water
7s, river improvem’t
Cleveland 7s, long
113% 113%
»2%
i08% 109
ii*2% i*l*4
*83
1
f
71%
72%
83
08% 09%
T
assented.
Am. Dock A Imp. bonds
.ssented.
117%
110%
74%
120%
120%
103
07
49
58
45
Chic. A Can. South ist
...
05%
99
2d mort
Income, 7s.
IstCaron’tB
Mo., 1st m
Kansas Pac., 1st in.. 6s, 1S95..
do
with coup, c fs.
do 1st m., 6s, 1896
do
wlih coup.ctfs.....
..
.
105%
98
»1%
■95%
105%
10d%
100%
*99%
S4%
95
1st, 7s, Leaveu.br.,’96
with coup. ctfs.....
1st m..
Col. A Hock V. 1st 7s, 30 years,
•
do
1st 7s, 10 years,
do
2d 7s, 20 years..
+
...
.
101
107% 108
184%
103%
103
Syr. Bingh. A N.Y. iet.Ts
r
1L7% 118
L04% 104%
bonds, 1909.
construct’n
80
7s, of 1871
1015
1st con. guar.
do
189!
1st extended
coup. 7s. :89*
reg. 7s, 1894
do
do
101
*101%
do
do
«d do
8d do
do 1st cons, eua
A
Saratrg-a. lstcp
*
102
103
103%
103%
Albany A Susq. ist bds.
*
...
do
do 2d mort..
do
do
consol. 7?
Tol. A Wabash. )sr, m. extend.
do
ex coupon
do
Istm.St.L. div
do
ex-matured coup....
do
2d mort
do
Ex A Nov.,’77, cour.
do
equip’! bonds.....*..
...
do
91}
Del.AHud.Canal, 1st in.,’84
do
do
104
103
103%
Essex, 1st. m..
2d mort..
do
do
do
104
1105
t....
109
103
115
Price nominal.
795
tioc
do Ex. Aug.,’78,A prev’e
Great Western, 1st m., 1888..
do
ex coupon
do
2d mort., ’93
do Ex A Nov..’77,coup.
Quincy A Toledo, 1st m.t ’90..
do ex mat. A Nov.,’77,cou.
Illinois A So. Iowa, 1st mort
do
ex coupon....5.
Han. A Cent. Missouri, 1st m
Pekin Linc’ln A Dec’t’r,lst m
128
90
..
con. con vert
1100
80
03
76
90
Monteiair A G. L.lst 76, (new%
do 2d m. 7s (old m., l8ts>...
Mo. K.A Tex. 1st 7s, g., 1904-’06
do
2d m. income...
N. .T. Midland 1st 7s, gold
SL Y. Elevated RR., 1st m
N. Y. A Osw. Mid. 1st
do receiv’s ctfs.(labor)
do
do
(othen
Omaha A Southwestern RR. df
Oswego A Rome 7s, guar
....
Peoria Pekin A J. 1st mort
Pullman Palace Car Co. stock.
50
do
bds., 8s, 4th series
St. L. A I. Mt. (Ark. Br.) 7s, g.
735%
St. L. A San F., 2d m., class A.
ioi 101%
do
do
class B.
80
do
do
class C.
68% St.L.ASo’east. con8.7s,gold,’94
*80
St. Louis Vandalla A T. H. 1st.
*75
do
*2d, guar
01
Sandusky Mans. A Newark 7s.
£0
84
South Side, L.T., 1st m. bonds.
00
do
sink. fund...
Southern Minn. 1st mort. 8s..
t And accrued interest.
79%
Southern Mi in., 7s. 1st.
Tol. Can. S. ADet. 1st 7s, g
Union A Logansnort 7s...
99
42
..
*No price to-day; these
con. 6s (good).
Rejected (best sort)
80
65
40
00
95
05
28
23
Endorsed, M. A C. RR.
H2% Mobile
5s (coups, on)
114%
8s
1*1*13%
70
97
83
37
25
20
20
(coupoi',8 on)
6s, funded
Montgomery, new 5s
,73%
100
80
40
101
30
Nashville
07%
23
100
60
55%
9J
95%
88
50
ibo%
t5
92
81
8S
73
65
10
83
<£%
00
84
00
1*9*
189*
104%
100%
98
175
1102
io*4*
70
73
SO
100
100
87
► 105
35
3
41
.
.
.
100%
90
105%
42
6
42
9
25
22
.
5%
34
25
114
93
40
74
48
24
20
25
19
62%
85
90
32
85
75
7
9
00
91
40
35
100
00
73
*
25*'
105%
Stock......:
Chari’te Col. A A., cons. 7s.
54
72
105
Cheraw A Darlington os..
East Tenn. A Georgia 6s..
E. Tenn.AVa. 6s.end.Tenn
fi. Tenn. Va. A Ga. 1st. 7s.
Stock
90
85
100
95
90
100%
40,
Georgia RR. 7s
6s
fctock
Greenville A Col. 7s, 1st m.
7s. guar
Macon A Augusta bonds..
2d endorsed
...
85
r
20
87’
Consol., end.bySavan’h
1C2
105*
*7*0*
*75
*33
90
30
*97
68
*9*9*
100%
Stock
Memphis A Cha’ston 1st 7s
2d 7s
75
4
34
10C
10)
83
100
78
58
58
45
trtOCk
Mernph. A Little Rock 1st
Mississippi Cent. 1st m. 7s
2d mort. 8s
2d mort., ex coupons....
Miss. A Tenn. 1st m. 8s, A.
1st mort., 8s, B
..
Mobile A Ohio sterling 8s
Sterling ex cert. 6s
8s,interest
2d mort. 8s
N. O. A Jacks. 1st m. 8b..
Certificate, 2d mort 8s.
Nashville Chat. A St. L. 7e
Nashville A Decatur 1st 7s
Rlchm’d A Petersb.lst 7s..
Rich. Fred. A Potomac 6&.
Southwestern, Ga., stock.
S. Carolina RR. 1st m. 7s
82
6%
40
102
86
110
82
00
00
50
20
110
103
15
108
100
100
99
100
98
92
105
Norfolk A Petersb.lst m^Js
1st mort. 7s
2d mort. 8s
Northeast., S.C., 1st m. 8s.
2d mort. 8s
mort. 7s
Rich.A Danv. 1st consoles
Southwest.,Ga ,conv 7s,’b6
100%
101
90%
85
70
35
10
95
98
100
70
100
75
80
...
90
75
40
*-L
# e 9
f
f
f.
75
101
...
85
7s, 1902
91
02%
101
65
05
00
58
Carolina Cent. 1st m. 6s,g.
Cent. Georgia consol.rn.7s
Orange AAlex’drla, Jets,6s
;.ds,6s
3ds,8s
4tlis,8s
•
.
98
106
100%
7s, old
.
01
1104
'
20%
00
90
S3
72%
Richmond 6s
J on.
RAILROADS.
Ala. A Chatt.lst m. 8s,end.
Receiver’s Cert’s (var’s)
Atlantic A Unit, consol...
91
55
t99%
86%
4%
?5
95
Wilm’ton,N.C.,6s,g. \ coup
103
82
78
104
45
3tf
36
8s
8s, gold
84%
27
20
113
87
*20
Railroad, 6s
Wharf improvem’t8,7-30
Norfolk 6s
Petersburg 6s
Savannah
7s, new
75
74%
34
33
75
75
...
35
45
30
35
50
40
00
90
31
New Ss
6s, old...
t!00%
6s, new
1100^ 101% New
Orleans prem. 5s..
1101
Consolidated6s..
ill
•
100
104
101
100
54
80
07
97
75
55
35
38
52
70
Bonds A and B
103
101%
104
113
115
102
97
112% Charleston stock 6s
Charleston. S. C., 7s, F. L.
ibo*
Columbus, Ga., 7s, bonds.
Lynchburg 6s
Macon bonds, 7s
Memphis bonds C
45
109
44
74
48
101
82
75
102
90
Waterworks
Augusta, Ga., 7s, bonds...
111%
*93
a»e latest
i*87‘&-V89.*.*.*.*! *. *. *.
40
100
88
100
40
48
*84
«
43
71
M.AS. 1102
7s, gold, 1892-1910..J.AJ. 1112
7s, gold. 1904
J.AJ. 1113
10s, pension, 1894.. J.AJ. 1101
CITIES.
Atlanta, Ga., 7s
97
1100% 101%
1110
1111
1105
198
S«
50
Texas 6s, 1892
1110
98
90
50
10%
65%
..
90%
1107
do
.
Winona A St. P.. 1st m..
do
2d mort.
C.C.C.Alnd’s 1st m.7s,SF.
do
consol, m.bds
Del. Lack. A West., 2d m.
do
7s, conv
do
mcrt.. 7s, 1907
79
small
STATES.
Alabama new consols, A..
100
111
80
80
107
Connecticut Valley 7s.....
Connecticut Western 1st7s....
19%
Dan. Urb. Bl. A P. 1st m.
7s, g.
33%
Denver Pac.; 1st m.7s; ld.gr.,g.
40
Denver & Rio Grande 7s. gold.
73%
Detroit A Bay City 8s, end
’175
Erie A Pittsburgh let 7s
99
do
con. m., 7s..
is*
do
do
t!08
mo
178
170
102%
7s, equip...
Evansville A Crawfordsv., 7s..
Evansville Hen. A Nashv. 7b...
Evansville, T. H. A Chic. 7s. g.
Flint APere M. 8s,Land grant.
Fort W., Jackson A
Sag. 8s, 89
Grand R.A Ind. 1st 7b, l.g., gu.
do
JBtls, l.g., notgu.
do
letexl. g. 7s.
Grand River Valley 8s, 1st m..
0%
registered
B, 5s
100%
108
108%
Georgia
6s,
1105% 100% S. Carolina
62
40
91
0S
..
Belleville A S. lll.R. 1st in. St
Tol. Peoria A Warsaw, 1st e.L
do
do
W. D.
do
do Bur. Dlv.
100
111
101
195
Cln.Lafayette A Chic.,
117% 119
lst,7«,R.AL.G.D’d.99
Houston & Gt. North. 1st ?s,g.
do
2d m. 7 3-10, do
104%
with Coup, ctfs
768% 03
Houe. A Texas C. 1st 7s, gold..
do
1st 7s, $g.,k.L>
1st m., 7b, I’d gr., ’80.
100% 101%
do
West, div
do
1st m., LaC.D. 105%
with coup, ctfs
100%
705
do
74%
Waco.,
do
1st m.,I.AM...'
99
12
99%
Tnc. cp. No. lion 1916
14
do
consol, bds..
do
1st m., I. A D.
98
do Inc. cp. No. 16on 1916
8
12
Indianapolis A St. Louis 1st 7e
do
1st m.,H. A D.
98
Pennsylvania
RR—
1st 7s, gr..
Indlanap.
A
Vlncen.
do
1st in., C. A M.
102
119
Pitts. Ft. W. A Chic., 1st m..
102%
International <.Texas) 1st g
do
consol.8lnk.fd
«4% 94%
do
do
2d m. ,7115%
Int. H. A G. N. conv. 8s
do
2d m
101
103
do
do
3d m.
7H3% 114% Iowa Falls A Sioux C. 1st 7s...
'•hlc. A N. West. sink. fd.
100%
Cleve. A Pitts., consol., s.f. 7112
Jackson
Lans. A Sag. Ss.lstm.
do
Int. bonds. +100
100
uo
4thmort....
Kal. Allegan. A G, R. 8s,gr..
do
consol, bdt110
Col. Chic. A Ind. C., 1st mort
44 %
Kalamazoo A South H. 8s, gr..
to
ext’n bds..
do
do
2d mort
Kansas City A Cameron 10s...
13%
+
Jo
1st mort..
i07
Rome Watcrt’n A Og.. con. 1st
31
Keokuk
28%
A Des Moines 1st 7s.’
do
99
cp.gld.bds.
99% St. L. A Iron Mountain, 1st 111. 103
do
104%
funded int. 8e
do
reg. do
do
do
99%
2d in.. "752
Long
99%
Island
RR., let mort.
Iowa Midland, :st m. 8s.
107
St. L. Alton A T. H.,lst mort.
99
lio
Louisv.
A
Nashv.
cons. m. 7s.
Galena A Chicago Ext
T()4% '04%
do
2d mort.,pref..
03% ♦ 8
do
2dm.. 7s, g..
Peninsula. 1st m., conv. 110
111
do
2d mort. inc’ine
25 1 28
Michigan Air Line 8s, 1890.....'
Chic. A Milw.,lst inort. 107
Morris A
110
06
20
65
19
q5
g. 7s.
do
1. gr., Cs, g
Chic. & S’thwestern 7s, guar..
.
do
m.
5%
79%
....
1-1
Chic. A East. ill. 1st mort., 6s
do
.2d m. Inc. 7s.
Chic A Mien. L. Sh. 1st 8s, ’89.
Gh.St.P. A VInneap., 6s,g.,new
31*65
79%
do
do
....
06 tuo% 111%
cd
110% m%
^ I-
do
.
t'5
84
....
74% Chicago A Iowa R. 8s....
1104
Central Pacific gold bonds..
do San Joaquin branch
do Cal. A Oregon Ibt
do State Aid bonds
do Land Grant bonds..
Western Paplflc bonds
7101
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’ds *105%
do
Land grants, 7s. 103%
do
Sinking fund... 10j
103
Pacific R. of Mo., 1st mort...
do
do
do
do
do
do
Ch.Mll.ASt.P.lstin.Ss.P.D
Illinois Grand Trunk
99%: 100%
...
do
do
do
South Pac. of
Quincy A Warsaw 8s
99
.
111%
Lehigh A W.B.con.gum
do
30
100
ssented.
do conv
do
assented.
do
27%
24%
09%
107
6s, 1917, coupon
6s, 1917, regist’d
Central of m. J., 1st m.,’90
do
do lstconsol...
do
do
1st m., reg.
Hudson R. 78, 2d m., s.f., 1885
Canada South., 1st guar..
Harlem, 1st mort. 7s,coup...
do
do
7s, reg...
North Missouri, 1st mort
Ohio A Miss., consol, sink. fd.
do
consolidated....
do
2d do
do
1st Spring, dlv..
Pacific Railroads—
..
114%
*100
Ch.Rk.IAP..B.f.lnc.6s,’95.
do
3%
720*
5s sink, fund
do
2%
S-*
St.L.Jack.A Chic.,1st m.
Chic. Bur.A Q. 8 p.c.,lstm
do
consol, m. 7e
do
2%
24%
...
do
do
do
2
39%
do
guar.
Bur. C. R & North., 1st 5s...
Mlnn.A St.L.,lst 7s gua
Cheer. A Ohio 6s, 1st m.
do
er r*oui
Chicago A Alton 1st mort.
do
Income.
Joliet A Chicago,1st m.
La. A Mo.; 1st m.t guar..
do
Detroit Water Works 7s....
Elizabeth City, 1880-1905. .;.
do
1885-93
Hartford 6s, various
.
....
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal..
Mariposa L. A M. Co
do
do
pref.
Ontario 811ver Mining....
Railroad Bonds.
(Stock Exchanue Pt'ices.)
Boston H. A Erie, 1st in..
6s, ex matured coup
6s, consol., 2d series
6s, deferred bonds
D. of Columbia 8-65s, 1924.
»
110
..
Consolidate Coal of Md.
Cumberland Coal A Iron.
-
....
103
109
8*
American Coal.
-
H00
....
United N. J. R.&C.
#
24
25
25
72
South’ll Securities.
(Brokers' Quotations.)
do
do
2d mort..
2%
3%
Lake Shore—
Mich S. A N.Ind., S.F., 7 p.c. ?110
Indianapolis 7-30s
108
Cleve. A Tol. sinking fund..
158%
Long Island City
14
do
new bonds.... *108
Newark City 7s long
Cleve. P’vllle A Ash., old bds 103%
9r%
do
Water 7s, long....
111
do
do
new bds
Oswego 7s
Buffalo A Erie, new bonds..
111%
Poughkeepsie Water
Buffalo A State Line 7s
10a
Rochester C. Water bds.. 1903.
Kalamazoo A W. Pigeon, 1st 795
1H
2%
Toledo 8s. water, l894-’94
Det. Mon. A Tol.,1st 7s, 1906.
108
Toledo 7-308
Lake Shore Dlv. bonds
111% 114
Yonkers Water, due 1903
do
Cons. coup.. 1st.
“*0
113%;
do
Cons, reg., 1st.,
RAILROADS.
112%!
do
Cons, coup.,2d..
Atchison A P. Peak, 6s. gold..
104% 1105
127
do
Cons, reg., 2d
103% 104% Boston A N. Y. Air Line, 1st m
Marietta A Cln. 1st mort.
Bur. A Mo. Riv., land m. 7s....
780
Mich. Cent.,consol. 7s, 1902....
do
convert. 8s. var. ber.
111%
80
do
1st m. 8s. 1882, s.f.
111
Cairo A Fulton, 1st 7s, gold...
19%
do
California
bonds.
Pac. RR., 7s, gold
equipment
10
19* New Jersey Southern 1st m. 7s
22
do
6s, 2am. g.
N. Y. Central 6s, 1883
Central of Iowa lstm. 7s,gold.
105% 100
25
do
Keokuk A St. Paul 8s
68, 1837
100%
*
do
6s, real estate.,
104%
Carthage A Bur. 8s
do
Dixon
105
Peoria
A
68, subscription, 104%
Han. 8s.. <8*
no A Hudson, 1st m.,coup
118% 118% O. O. & Fox R. Valley 8s. jpq-1*
49
o
—
6s,
Virginia 6s, old
6s, new bonds, 1S66
do
6s,
1867
6s, consol, bonds
CITIES.
Long Island...
.
,
35
81%
31%
new
...
new series..
Un. Pacific, So. Br., 6s, g..
137
100
Missouri Kansas A Texas.
New York Elevated Rlt..
N. Y. New Haven A Hart.
Ohio & Mississippi pref
Pitts. Ft. W. & Ch., guar..
do
do
special.
ROnnelaer A Saratoga
Rome Watertown & Our.
St. Louis Alton A T. H
do
do
pref.
Belleville* So. Ill.,pref.
St. L. I. Mt. & Southern...
8t. L. K. C. A
North’n.pref
Terre Haute & Ind’polis..
•
Jf*-
...
Miscellaneous List.
(Brokers' Quotations.)
do
do
do
105
•
•
6s,
41
41
31
BONDS.
Tel., 1900,cp...
do
reg
Harlem
Joliet & Chicago
Kansas Pacific
139
•
•
....
101
AND
•
10
1%
1%
Albany, N. Y., 6s, long
Buffalo Water, long
Chicago 6st long dates
109% lio
Long Dock bonds
Buff. N. Y. A E, 1st. m., 1916...
Han. A St. Jo., 8s, conv. mort.
Illinois Central—
Dubuque A Slonx City,1st m.
do
do
2d div.
Cedar F. & Minn., 1st mort..
.
0
9
9
9
2
western Union
U5%
do
do
•
02%
Class 2
ClassS
STOCKS
27
17%
17% Tinnessee 6s,old...;
52%
A. & o...
do
Funding act, 1866........
Land C., 1839, J. & J
Land C., 1889, A. A O....
78 of 1888
Non-fundable bonds
75
Funding act, 1866
MISCELLANEOUS
2d
3d
4th
5th
do
7s, 1879
do
7s, 1883
do
78, 1830
do
7s, 1888
7s, cons., mort., g’d
10%
10
75
do
1868
New bonds, J. & J
do
110
44
27
m
Ask.
106~
Ohio 6s, 1886
Rhode Island 6s, cp., ’93-4
South Carolina 6s...
Jan. & July
April & Oct
•••
Special tax, Class 1
102%
102%
....
.
Bid.
8EOTJBITIB8.
11*3*
113
..
iob‘%
Ask.
...
do
do
1892
do
do
.1893
North Carolina—
6s, old. J. & J
do
A. & O
N.C.RR
J. & J...
do
..A.&O...
do coup, off, J. A J.
do
do
off, A. & ()
Ss,
68,
103
104
Erie, let mort., extended
{Activepreviously quot'd.)
Albany A Susquehanna...
Burl. C. Rap. & Northern.
Bid.
SKOUBITIBB,
be,
par may
'
’
New York State68, Canal Loan, 1878
6a, gold, reg.... 1887
6b, do coup.. 1887.....
68, do loan...1883..
68
do
do ..1891.
101%
102% 102%
102%
102^
302% 103%
.
Prices represent the per cent value, whatever the
BONDS.
Ask.
do
do
do
•
..
STATE
50_
108%
102
102
previous page.
Louisiana 6s
109%
101% 102%
•
on a
8KCUBITIK8.
:b(m
107
...
do
sk.
Bid.
quoted
are
78, non mort
Savannah A Char .1st m. 7s
Cha’ston A Sav. 6s, end.
West Ala., 1st mort. 8s....
2d m.8s, guar
*5*
io
SO
104
103
40
108
1C8
PAST DUE COUPONS
72% Tennessee State coupons..
-15
60
52
-
20%
35
104
6b
90*
South Carolina consol.
Virginia coupons.
Con?ol. conn
Memphis City coupons....
quotations made this week.
...
*
*
40
20
78
30
25
•
•
• •
80
40
September
THE CHRONICLE.
14,1878.]
379
1876.
-
Gross
Earnings—
Mail, express, &c
Military business
Kan.Cy Bridge, rents,&c.
AND
STATE, CITY AND CORPORATION FINANCES.
1873-4.
1874-5.
Aug. 31.
Aug. 81.
$141,946
$161,751
86,134
34,768
Car service
The Investors’ Supplement Is
1875-6.
4 months,
Aug. 81. to Dec. 31.
$218,525
$48,843
3,498
80,329
24,957
86,016
22,675
published on the last Saturday
Totals
$1,911,354 $1,723,687 $1,916,780
of each month, and furnished to all regular subscribers of the
Operating
Expenses—
Chronicle. No single copies of the Supplement are sold at the Train
service
$85,458
$82,513
$97,642
office, as only a sufficient number is printed to supply regular Stadon service
162,508
134,631
U6,P09
subscribers. One number of the Supplement, however, is bound Water service.
14.169
20,159
15,502
Engine service
100,370
103,403
110,774
up with The Financial Review (Annual), and can be purchased Fuel, wood...
7,062
9,074
in that shape.
Fuel, coal
104.864
92,444
84,418
m
ANNUAL
Maintenance—
REPORTS.
Road, bridges & fences..
Buildings
Engines
Hannibal & St.
Passenger
Joseph Railroad.
Freight
(Accountant's report to December 31, 1877 )
Road
The Board of Directors have just issued a report of the
accountant appointed by them in November hist, showing the
financial history of the company to the close of the last fiscal
a
report ending with December, 1377, is too old to be of much
use
The President makes the
ant’s report:
following remarks
upon
the account¬
cars
cars....
-
m
m
(1.) Steel Hail.
We have purchased 3,COO tons of steel rail, 1,000 tons of .which have been
delivered and laid. $14,00) have been paid in cash and $29,000 in notes are
outstanding on this account.
(2.) Grain Elevators.
A contract had been made by our predecessors, under which three elevators
were erected on the company’s land at Hannibal, St. Joseph and Kansas City,
respectively, costing about $85,000. Under the contract the company was to
land to the contractor and give him a subsidy of $5 ',C00 in the
company’s sinking fund third mortgage bonds, the company acquiring no
interest in the elevators. The disadvantages of this contract were so appar¬
ent that the Board refused to carry it out, and entered into negotiations with
convey the
resulted in his surrender of the right to the land and the
$50,003 in bonds, and the conveyance to the company of the elevators for the
actual cost of building, not to exceed $85,000.
$25,000 in cash has been paid
on account of this contract, and notes of the company
maturing at various
dates have been given for $36,000. The remainder of the purchase money is to
be paid when the vouchers for the cost of buildings shad be presented and
the owner, which
audited.
(3.) There was outstanding and not included in the above statement of
floaung debt a claim of $118,000 made against the company by the Quincy
Bridge Company. This we have settled by paying $49,000 in the land grant
bonds, mentioned below, and $38,163 in cash.
(4.) There were also outstanding, and not included in the above statement of
years to large amounts which we
have settled and paid.
floating debt, claims for taxes for previous
All the taxes upon
the road now due are paid.
FUNDED DEBT.
(1.) The balance eheet does not mention the sinking fund third mortgage of
$l,5i 0,000, which we found in existence upon taking possession of the road.
The bonds under that mortgage had been disposed of as follows:
$50,000—Issued to John Hurd upon elevator contract.
$200,000—Deposited in the Bank of Booneville to indemnify sureties upon
the Company’s appeal bonds in various suits in Missouri.
$ 1,259,000—Pledged with Work, Strong & Co., together with $500,000 of
land contracts, as collateral to a loan of $160,000.
None of these transactions in the bonds had entered into the books of the
company.
These bonds have all been taken up and destroyed
gage h is been canceled and discharged of record.
by fire, and the mort¬
1*2.) For the purpose of utilizing the income from the company’s land con¬
tracts, on which there were due December 31, 1877, about two millions and a
half of dollars, to meet the immediate exigency for the payment of the float¬
ing debt, and for the improvement of the properry, the Board a88;gned these
contracts to the Farmers’ Loan and Trust Company, in trust, to secure one
million dollars of seven per cent ten-year bonds, with a provision for earlier
redemption by lot. The Trust Company receives all moneys collected on
account of these contracts, and applies them to the payment of interest and
principal.
Of these bonds—
$355,000—Have been sold at 95
per cent
cent commissidn.
and accrued interest, lees
one per
$100,0.0—At 97#, and accrued inter* st, less one-half per cent commission.
$•28,000—Paid at par to the Chicago Burlington & Quincy R. R. Co., in
settlement of balance of current account.
$4.4,000—Paid at par to the Quincy Railroad Bridge Co., in settlement as
above stated.
There have been three drawings, of $25,000 each, of bonds for redemption,
$4 ,000 of which were the property of the company. All drawn bonds pre¬
sented have been
in Aususf, as the
paid and canceled. Another drawing will probably be had
receipts have already provided for the interest due in
January next.
$31,862
51,754
$747,940 referred to in the condensed balancesheet, in connection with general profit and loss, is composed
chiefly of items of property or funds which, in or about the
years 1873 and 1874, came into the hands of the fiscal agent in New
York, and regarding the disposition of which no such account or
explanation can be found in the books or papers of the company
as to warrant charging them to any particular account.
The late
fiscal agent died shortly before the present board was* elected,
leaving, as far as can be ascertained, no property. And the only
course now open, Mr. Dowd says, seems to be to charge the sums
mentioned to profit and loss, and avoid similar methods in the
future.
Statement of earnincrs and
ending December 31, 1877
operating
expenses
:
for four
1876.
Gross
Earnings—
Passengers
Freight
=
1873-1.
Aug. 31.
$601/246
.1,047/259
years
»
1874-5.
Aug. 31.
$4.9,123
954,115
.
1875-6.
4 months,
Aug 31. to Dec. 31.
$502,177
$192,630
1,082,291
433,761
1877.
Dec. 31.
$5*24,400
1,210,643
$93,130
.
133,538
5,453
16;279
37,758
116,522
93,565
116,934
159,978
^
4,116
158,014
142,584
262,624
28,094
70,443
310,962
371,405
262,168
22,343
101,449
59,487
94,212
2,536
13,809
93,828
80,189
59/275
17,983
77,2 0
52,275
7,428
26,318
9,667
70,577
76,230
30,424
2,865-
1,344
27,460
98,787
69
228
$1,435,132 5$1,363,012 $1,394,540
$476,222
9,928
74," 943
$360,674
$460,644 $1,135,886
$522,239
$254,370
$795,478
Atlantic
The
Mississippi & Ohio.
(For the year ending June 30, 1878.)
receivers’ annual report furnishes the following
RECEIPTS
:
AND DISBURSEMENTS.
The cash balance on hand June 30, 1377, was...
;
There have been received during year, from all sources
And
$50,951
1,830,854
:
$1,931,805
expended.
.
Leaving cash balance
on hand June 30, 1878
RECEIVERS’ LIABILITIES
1,872,689
$58,836
AND RESOURCES.
The receivers’ liabilities, including the interest due July 1,
1878, on the divisional bonds, and the balance due on account of
the unassigned back labor claims, exceed their resources by the
sum of $192,310; but the divisional bonds on
hand, and outstand¬
ing as collateral in the hands of holders of receivers’ certificates,
have not been included in the
resources.
During the past year the company’s indebtedness has been
reduced by the payment of the following amounts :
Amount of unassigned back labor claims
On account of interest on divisional bonds,
$32,583
due prior to July 1, 1876
(principally unfunded interest of January, 1874)
39,905
On account of secured floating debt, for which receivers’ certificates
have been issued.. T
10,000
On account of the company’s bonded debt:
Old Sonth Side third mortgage bonds
$2,000
Virginia & Tennessee income mortgage bonds...
5C0
A. M. & O. interest funding 8 per cent note
350 —2,850
Total reduction
$85,338
Owing to the large expenditures necessitated by the great flood
of November, 1877, your receivers have been compelled to defer
the payment of the back labor pay-rolls for December, 1875, and
January and February, 1876, amounting to $78,635 of unassigned
claims. It is hoped that these rolls can be discharged during
the present year.
The payment of interest on the divisional bonds, due July 1,
1877 and January 1,1878, was commenced on October 1,1877, and
March 1, 1878, respectively. There has been paid on this account
the sum of $355,330.
The interest on divisional bonds, due July
1, 1878,
can
be paid after October 1, 1878.
A. M. & O. AND DIVISIONAL BONDS.
In obedience to the order of Court, dated November 24, 1877,
as amended February 5,1878, certain securities therein described,
and formerly
Sherman &
held by the Union Bank of London and by Duncan,
Co., have been deposited with the Baltimore Safe
Deposit Company.
Under the order of Court, dated December 28, 1877, authoriz¬
ing the receivers to extend, with the consent of the holders, cer¬
tain past-due divisional bonded obligations, there have been
extended, for ten years from January 1,1878, $212,000 eight per
cent and $134,000 seven per cent first mortgage bonds of the
Norfolk & Petersburg Railroad Company, leaving $117,000 of
these past-due obligations which have not been extended.
The receivers hold $97,800 divisional and $354,000 consolidated
bonds ; $212,800 divisional and $120,000 consolidated bonds are
p’edged as collateral for loans. There are deposited with the
court $574,002 divisional bonds, and $9,059,000 consolidated
bonds, unissued.
EARNINGS AND EXPENSES.
The
earnings duriDg the
From passenger
The item of
...?
$715,015 $1,931,365
FLOATING DEBT.
This appears by the balance sheet of December 31, 1377, as $478,211. It then
included three months’ pay-rolls in arrears, and many items of liabilities
incurred, but which did not appear on the books of the company at the time
the present Board took possession.
The company has now no floating debt except the current June expenses,
payable in July, and notes given for the following purposes:
82,040
6 816
Totals, (including other
year, December 31, 1877, and the condition of the business and
affairs of the company at that time.
This will, undoubtedly, be
useful as a hist07'y of the company, but, for any practical benefit,
to stock and bond holders.
cars
m
$114,275
32,962
,
General expense
1877.
Dec. 31.
year
have been
:
trains
$447,502
From tonnage trains
From miscellaneous sources
1,321,472
13,034
Total
And the expenses
$1,781,710
$1,074,745
for operating, including taxes and law fees
$706,964
*
For renewals
For further construction
Leaving a net revenue of
Ratio of operating expenses,
$220,075
56,755
276,830
$430,133
including taxes and law fees, to
earnings, 60 3-10 per cent. Ratio of expenses, including renewals
taxes and law fees, to earnings, 72 6-10 per cent,
A comparison with the results of the preceding year shows a
decrease in the earnings from passenger trains of $23,077, and
from miscellaneous sources $551, and an increase in the earnings
from tonnage trains of $64,499, making the net increase in earn¬
ings during the year, $40,871.
from passenger
The decrease in the earniDgs
trains is largely due to the fact that during tbft
280
THE CHRONICLE?
early months of the preceding year the earnings from passenger
trains were increased by the “ Centennial travel.”
The expenses of operating show an increase of
$34,346, a re¬
sult due to the floods of October and
November, 1877, which
involved an expenditure of $56,086, which amount has been
charged to operating expenses, under the head of “ Accidents.”
But for these floods the expenses for the
year would have shown
a decrease of $21,740.
TRAFFIC.
Number of passengers transported during the year
Number of passengers transported one mile during the
year
Number ©f tons of freight transported
during the year
Number of tons of
149,577
9,470,228
*40,868
freight transported one mile during the year.... 70,797,576
Average amoimt received per passenger per m.le
cts. 3*55
Average amonat received per ton of freight per mile
cts. I*e6
Earnings per mile of road (main line and branches)
$4,162 68
STATEMENT OF LIABILITIES AND
RESOURCES, JUNE £0, 1878.
Liabilities.
For receivers’ certificates—Collateral loans
Due
Due
Due
Due
Due
to connecting
to individuals
on back labor
lines
on
9S.50S
open accounts
unpaid
Interest
21.029
78,635
45,562
1,412
funded debt—
January 1, ’74, to January
on
1, ’76, inclusive,
1, ’76,
January 1,’77,
July
1, ’77,
January 1, ’78,
July
1, ’78.
July
5,181
486
1,032
2,994
5,.’.93
176,299
191,567
$586,072
Resources.
Cash on band June SO, 1878
Mail pay, quarter ending June 30,1878
Due by connecting lines
Due by individuals on open accounts
Old rails on hand, 'value
Store-house—Supplies on hand
Due by agents—Balances on band
Excess of
$58,836
Atchison
liabilities, June 30, 1878
393,761
192,310
Topeka & Santa Fe.—In regard
the United States Circuit Court of
Kansas, restraining furtherprosecution of the suit commenced a short time since
ip the
District Court of Douglas Obunty, Kan
by Jay Gould and others,,,
to foreclose the income
mortgage on the Kansas Pacific Railway.
At the same time a petition of the Kansas Pacific
,
Railway Com¬
pany to have one of its receivers removed was
postponed, to be
heard at Washington, in
October, by Justice Miller of the UnitedStates Supreme Court.
will?
place on Saturday, and that it will be bought in by the Pur¬
chasing Committee representing both classes of bondho’ders.
Argument on the suit of Charles W. Hassler to re-open the fore- •
closure proceedings is set for
Saturday morniDg, before the Chan¬
cellor of New Jersey, the
object of the suit being to establish the1 gal position of the
petitioning bondholders, and not to stop the
sale, as the complainants have signed the plan of re-construction..
New York City Elevated Railroad.—A
report has been pre¬
pared by Treasurer Cowing, of the New York Elevated Railroad
Company, for private circulation among the stock and band hold¬
ers of the
company. It appears from this that since January 1
last the company has
completed and put in operation the second
it3 West-side line from the foot of Whitehall street
toavenue; it has completed a doubletrack road on its East-side line from the foot of
Whitehall streetto Sixty-first street, in Third
avenue, with a branch in Fortysecond street to the Grand Central
Depot, and has put under con¬
tract the various extension of its Eastern and
Western lines.
Within five months the
company will have a road
on
Sixty-first street, in Ninth
41,325
222,285
18,480
in the Chronicle of
on the 11th of last May.
Kansas Pacific.—A press dispatch from Kansas
City, September9, savs: “ An injunction was granted to day by Judge
Fisher, of
track
12,341
39,330
1,162
GENERAL INVESTMENT
adopted by them
take
5,5 )6
pay-rolls, unpaid
Jane pay-rolls, 1878
Receiver’s pay rolls, June 13, 1876, to
May 3, 1878,
sooner determined
by a lease or forfeiture. No bids werereceived for the new two-million
loan, and it is rumored that thetrustees have had under consideration
advertising for proposals*
for completing and
leasing the road under the form of contract
Montclair & Greenwood Lake.—It is announced that the
foreclosure sale of the Montclair & Greenwood Lake Road
$143,800
Renewals—New rails, &c
[VOL. XXVII.
NEWS.
to the statements
equal to»
thirty-two miles of single track, with its stations, turnouts, repair
shops, store houses, &c., fully completed, equipped and in opera¬
tion.
The report states that
August 31, concerning the suits pending
every dollar of the subscription of
between this company and the Denver & Rio
Grande, the officers December, 1877, made for the purpose of building and equipping:
of the A. T. & S. F. make the
following points, viz.: That the bill the road from Whitehall street to Sixty-first street, on the East,
of the Canon City & San Juan
Company (the A. T. & S. F.) was side, the Forty-secoud street and Chatham street branches, the
not based on any exclusive claim to
occupy Grand Canon, but second track on the West side to Sixty-first street, and the exten¬
only claimed a priority of right to construct its located line. The sion of that line to
Eighty-first street in Ninth avenue, has been
bill of the Denver & Rio Grande
claimed, under their private act paid, and proved more than ample for the purposes intended, a
of 1872, the exclusive right of
occupancy for the entire width of surplus from the subscription being now at the disposal of the
the Canon, to be located at
directors. ' The second subscription, of
any time before 1882, and it was this
May 14 last, for the pur¬
claim to exclusive occupancy that
Judges Hallett and Dillon de¬ pose of extending and equipping the road on Third avenue toThe
nied.
statement was correct as
published that the A. T. & Harlem, has been taken mainly by the same persons who sub¬
S. F. Co. had not then acquired any
right of way beyond twenty scribed in December. The following shows the stock and bond
miles; but on September 8 the Secretary of the Interior approved statement of the company:
their plats for entire distance to Leadville and
STOCK STATEMENT.
across Poucha and
Marshall passes.
—A
dispatch from Pueblo, Col., Sept 12, has the following: “On
Tuesday, the 10th inst., the first train on the Atchison Topeka &
Santa Fe Railroad reached Trinidad. From the
commencement
of the work at La Janta
up to the present time, the company has
pushed the track forward with vigor, and the work will still con¬
tinue to Los Vegas, a distance of 133
miles. No halt will be
made at the tunnel through the Raton
but the road
Mountains,
will be carried by a system of switchbacks
over the
top of the
mountains, a distance of three and a half miles, while the tunnel
will be only 2,000 feet
long. The grade of the switchback branch
will be 300 feet to the mile, and will be
worked by mountain
engines especially designed for the purpose. The intention is to
have the locomotive reach Los
Vegas by April, 1879.”
Atlantic & Pacific
Telegraph.—The
directors of the Atlantic
& Pacific Telegraph
Company met and declared a quarterly divi¬
dend of f of 1 per cent,
payable September 30, from the net
earnings from the date of the pooling arrangement to
August 1.
The Times says: “The statements of the
secretary
and
treasurer
show that all debts previously contracted have been
paid
off, and
that a small surplus will remain after
deducting the amount of
the dividend. The
figures were,
by resolution, withheld from
publication. All the above, however, is predicated on the settle¬
ment of the Benedict
suit, and the payment by the Western Union
Company of the Atlantic & Pacific Company's share of the profits
of the
pool, withheld since November
suit. The Franklin
Telegraph
line that ever
previously
l ist in consequence of that
Company, the only opposition
paid dividends—1 per cent in 1874 and
2 per cent in 1875—is now
paying 1* per cent semi-annually
under its lease by the Atlantic and Pacific
Company.”
Charlotte Columbia & Augusta.—The Baltimore
correspon¬
dent of the Charleston News and Cornier
says, under date of
Sept. 4: “The sale of the controlling interest in the stock of this
road, recently owned by the Southern Security
Company, was
perfected yesterday to several parties who have combined for the
purchase. These parties say that it will be for their interest to
give the greatest amount of mileage to passenger and
freight
traffic, thus increasing the revenue of the road. While
the
former connections at Charlotte are to be
restored, all others are
to be retained.
The purchase of stock is said to have
been made
in the interest rtf the Richmond & Danville
Company.
Cincinnati Southern.—The trustees of the Southern
Road,
at their meeting on the
9th, unanimously resolved to terminate
the present license of the Cincinnati Southern
Railway Company,
and ordered that the six months' notice
provided for in the
agreement between the trustees and the
company be given,
terminating the license on the 12th of March next, unless it is
Shares.
Issued
The May subscription
In the trea ury, at the
disposal ol the Board
...-.
...
Total authorized and upon the list of the N. Y. Stock
Exchange.
31,H93
10,683
7,474
to,ooo>
,
BOND STATEMENT.
Bonds.
4,806
1,519
675
Issued
The May subscription
In the treasury, at the
..
..
disposal ot the board
..
Total authorized and upon the list of the N. Y. Stock Exchange
The
following shows the condition
on August 17, 1878:
pany
In bank
Oa hand in office
CASH STATEMENT.
.
Total
In Central Trust Company, 8t
call, on interest
In United States Trust
Company, at call, on interest
$221,756.
19,786
$241,543$100,000
50,000—150,000
Total
$391,543
passengers carried by the company since
as
7,000
of the treasury of the com¬
follows, the periods given ending
1872, nine months
1873, twelve months
on
January, 1812, haB been
October 1:
137,446643,275796,072
920,571
2,012,953
8,011,862
1874, twelve months
1875, twelve months
lr>76, twelvemonths
1877, twelve months.
Total, five and three-quarter years
-.
7,522,181
1877-8, tea months
3,204,820*
The following statement shows the
earnings and expenses of
the company for each year since
January, 1872. Up to Septem¬
ber 30,1876, interest on the debt was not included in the
expen¬
ses, but for the last year it was included, amounting to $99,995:
Year.
1872, 9 months
1873, 1 year
1874, 1 year
1875, 1 year
1876, 1 year
1877, 1
year..
Gross
Earnings.
$13,744
64,602
81,047
91,631
202,675
303,208
Expenses.
$13,243
“ 61,758
80,48 1
8-,372
188,177
289,548
Net Earnings.
$501
2,844
569
5,258
14,497
13,660-
Deducting toe amount of interest for 1877, the expenses would
$189,553, which, taken from the gross earnings (303,208),.
be
leaves
net
earnings of $113,655 for 1877, compared on the same
figures for former years.
N* Y. Lake Erie & Western.—The Erie third rail has been
completed as far east as Binghamton, and will bb used for passen¬
ger business to and from Albany, New England and the West by
the opening of a
through line of Pullman sleeping coaches
between Albany and Hornellsville and the West.
basis with the
September 14,
Ohio &
THE CHRONICLE.
1878.]
Mississippi.—A circular has been issued by Messrs. A
■gfre Commercial Jpmrs.
CO M MERCIAlTEPiTOMK
T. Galt and W. D. F. Manice, addressed to the stock and bone
holders of this company, asking for proxies at tbe next election to
beheld October 10. We have always urged that
any action by
the stockholders of this company which does not
recognize the
fact that all legal debts, both bonded and floating, must take prec
edence of the stock will be only abortive and end in failure.
The mortgage debts are of unquestioned validity, and
any other
obligations of the company, including the Springfield division
-purchase, which can be established as legal beyond a doubt, must
also be provided for. The present circular refers
briefly to
clearing away the default ” on the first and second mortgages,
but says nothing of the preposed method of
doing it. Whether
the bondholders consider the present
plan of operations the best
dor their interests, or whether they see fit to
adopt some other,
they should look carefully at each step to see that their rights
are to be protected—not
by promises alone, but by practical
measures which will furnish
money for the purpose. From the
■circular the following is condensed : The committee’s
report and
recommendations, including preliminary agreement with the
Springfield division bondholders, were finally closed on the 17th
of April last.
The directors approved them and appointed
-committee to carry the same into effect, with
power to modify the
agreement with the Springfield bondholders. That committee
immediately re-opened the agreement as settled with the Springfield bondholders, and, failing to secure their assent to the new
Friday
There is
worst is
The
redemption of the company’s property from the hands of
can only be accomplished
by a settlement with its
the receiver
several
classes of creditors.
without the
No settlement
can
be
successful
operation of the Board of Directors, which it is
evident cannot be relied upon as at present constituted. It has,
therefore, become imperatively necessary that no time be lost in
securing a board of directors whose sole object and interest will
be the protection of the Ohio &
Mississippi property, maintaining
friendly relations with the Baltimore & Ohio, but not permitting
that company any longer to dictate its own terms.
The position of the Ohio & Mississippi
property, even at the
worst, is not such as to require any very serious effort to enable
it to resume a solvent attitude.
One coupon overdue on the first
mortgage ($235,000), four coupons on second mortgage on the
first of October next ($560,000), and about $600,000
floating debt
on the first of. July, constitute all, or
nearly all, the claims that
must be provided for before the
receivership can be terminated
{except those connected with the Springfield division), and the
preferred and common stock, amounting to twenty-four millions,
relieved from risk of total loss.
Surely a property earning a net
annual income of one million dollars, and whose
mortgage
Interest charges, apart from the Springfield division, amount to
$750,000 per annum odIv, can have such an adjustment of its
affairs arranged as will remove the stigma of insolvency. A very
limited effort on the part of the stockholders, with the
co-opera¬
co
tion of the second mortgage
their overdue coupons, and a
feature td note in trade
circles, and yet
some
believed to be over;
but quarantine against infected
rigidly maintained, and prove a serious obstacle to the
transportation of merchandise. A very fair business iB going on
towns
are
with the North and West.
Pork further declined
early in the week, mess selling below
$9 00 for October, and slightly over that figure for the remainder
of the year; but there has been some recovery, and the sales to¬
day were at $9 20 for October and $9 30 for November. Lard
also declined, going below $7 00 oh the spot, and as low as $6 77£
seller the year, but there was a smart advance on Wednesday
and Thursday, followed to-day by some depression, closing at
$7 02£@$7 05, spot and October; $7 00 for November and $6 90
for December.
Bacon has declined, and Western long and short
clear sold at Chicago for all the year at 5c., but this may now bs
regarded as an inside figure. Cut meats have been active and firm.
carry out
nominees.
no new
Night, September 13, 1878.
improvement in tone has undoubtedly taken place. A further
spread of the yellow fever is not generally apprehended; the
■"
proposals, broke off the negotiation, and abandoned all effort to
their instructions. The stockholders and bondholders
should clearly understand the influential position of the Baltimore
Ar- Ohio Railroad Company management.
Their vice president
and manager is now the receiver and
manager of the Ohio &
Mississippi Railway Company, while, with limited exceptions,
the Board of Directors is composed of their friends and
281
Beef and
beef
hams
lower and unsettled.
Butter and cheese
closed
depressed by the unseasonable weather. Tallow firm
quiet.
There has been a quiet market for Kentucky tobacco the past
week, but prices are well supported on the basis of the late
advance. Sales for the week 650 hhds., of which 550 for export
and 100 for home consumption; lugs quoted at 335c., and leaf
6@14c. Seed leaf reflects a much more active market, the sales for
i;he week aggregating nearly 1,800 cases, as follows: 367 cases, 1877
crop, New England, 6,10, 14@18c.; 60 do., 1876 crop, New Engand, 12 to 15c.; 327 do., 1877 crop, Pennsylvania, 8$ to 16 cents ;
156 do., 1876 crop, Pennsylvania, 7 to 9c.; 286 do., 1877 crop, Wis¬
consin, 71 to 10c.; 600 do., 1877 crop, Ohio, private terms, and 100
do. sundries, 5 to 18c. The movement in Spanish tobacco has
jeen moderate, the sales being 500 bales Havana at 80c. @$1 10.
The business in coffees has latterly been restricted, owing to
the excessively small supplies; holders maintain firm figures,
and quote fair to prime cargoes of Rio at 16£@17£c., gold. Of
mild grades there have been late sales of 7,920 bags Mara¬
caibo and 1,000 bags Savanilla at current rates.
Rice has been
rather quiet, but about steady. Molasses has advanced, foreign
descriptions especially; 50 test Cuba is now quoted at 32(3)33c.;
;he movement has shown a material improvement.
Refined
sugars have been in active demand, and close higher and firm,
but
bondholders in
moderation ol the f wilh shmiimd crushed quoted at 10c. Raw grades also are
satisfactory reconsideration
Springfield purchase, would solve the whole problem; and we quoted very firmly, most too much so to insure a liberal move¬
firmly believe that if the parties in New York, who really own ment. Fair to good refining Cuba quoted at 7f@7|c.
the whole
property, would
means
would be
difficulties.
resume its active control and direction,
speedily provided for its extrication from present
It would appear that no better time could be chosen than the
present for obtaining the means of reconstructing the company.
The prospects of traffic were never
more
Hhds.
Receipts since Sept. 1, 1878
Sales since
Stock Sept.
Stock Sept.
11,1878
12, 1817
There has been
encouraging, and the
very
Bags.
591
10.4J3
18,580
2,771
10,162
U3.376
69,5:0,
103,601
a
Boxes.
10,9:38
25,215
fair business in
ocean
46,179
810,S31
freight
Melado.
621
593
2,786
1,832
room;
.agreements between the trunk lines point to the maintenance of
rates, however, have been weak and daily declining, and at the
paying rates. It might, therefore, be reasonably expected that at
close
show much irregularity ; supplies of tonnage border on
*.n
early day payment might be resumed on the second mortgage;
but it is evident that this cannot be done without
previous pro¬ excessiveness : Engagements of grain to Liverpool, by steam, at
vision for the overdue first
mortgage coupon, nor without inviting 5^d. per 60 lb.; cotton, |d.; flour at 2a. 6d.; bacon, 27s. 6d.; and
litigation on the part of the secured creditors. In the opinion of butter and cheese,
40s.; grain to London, by steam, 6d.; flour, by
the undersigned, united action by the second
mortgage holders in
sail, 2s. 3d.; grain to Havre, by steam, 9d.; do. to Antwerp, by
co-operation with the stockholders is required—
First, to clear
to effect the
away the default on the first mortgage ; second,
result with the second mortgage; third, to
same
permit of a full re-consideration of the Springfield purchase,
which is required by their bondholders, and also in the interest
-of the stockholders.
We therefore respectfully recommend that
the stockholders and bondholders take steps for
being represented
at the annual meeting on the 10th of October
; that the vacancies
■occurring in the Board of Directors be filled by New York gentle¬
men; that the right of the proprietors to repeal the by-law
providing for the periodical retirement of directors be tested, and,
in the event of its proving legal, that the entire Board of Directors
be elected of which a majority shall be in New York and its
vicinity. That no director be hereafter chosen who shall not
have a bona fide interest in the stock of the company.
—A press despatch from Springfield, Ill.,
Sept. 12, says: “A bill
was filed
to-day in the United States Circuit Court by Frederick
P. Dimpfel, of Baltimore, Md., a stockholder of the Ohio &
Mississippi Railroad Company, against that company and others,
praying for a decree of the court to amend and cancel the
purchase of the ‘ Springfield Division,’ and to declare void the
bonds issued for said purchase, of which the Farmers* Loan &
Trust Company of New York, is the trustee. The complainant is
represented bv C. W. Hassier and Perry Belmont, attorneys, of
New York.”
steam, 8@8£d.; do. to Hull, by steam, 6d.; do. to Cork, for orders,
10£d.; do. to Bordeaux, 5s. 9d.; do. to Marseilles or Cette, 6s.;
do. to the East coast of Ireland, 5s. 6d.; refined petroleum to the
5a.
Baltic, 4s.; crude do. and naphtha to Havre, 3s. 10£d.; crude do.
Marseilles, 4a. lffyd.; refined, in cases, to Gibraltar, for orders,
26c., gold; do. to Constantinople, 30£c., gold; do. to Valencia,
28c., gold; grain to Havre or Antwerp, 5s. 3d. per qr.
to
.
The business in naval Btores has
latterly been very moderate,
anything but satisfactory; spirits turpentine at the
close was quoted at 27-J@28c. ; and common to good strained
rosins at $1 37i@I 42£. Petroleum has latterly sold somewhat
more freely ; exporters are favored by low rates for charter-room,
and manifest more interest in the market.
Crude, in bulk,
quoted at 5£c.; and refined, in bbls., at 10£c. Metals can be
reported generally dull and without features of interest. Hides
are quoted firmly, which has rather checked a movement.
Ingot
copper has continued quiet, but about steady, at 16c. for Lake.
Grass seeds have sold moderately at 8@8£c. per lb. for clover
and $1 30@$1 32| per bushel for timothy; domestic flax, $1 50@
1 52$.
Whiskey quiet at $1 10@1 10£.
and the tone
282
THE
CHRONICLE.
of the
O O T T O N.
Friday, P. M., September 13, 1878.
The Movement op the Crop, as indicated
by our telegrams
from the South to-night, is
given below. For the week ending
this evening (Sept. 13). the total
receipts have reached 47,431
bales, against 26,750 bales last week, 15,784 bales the previous
week,r and 5,699 bales three weeks since; making the total
receipts since the 1st of September, 1878, 73,329 bales, against
17,994 for the same period of 1877, showing an increase since
September 1,1878, of 55,335 bales. The details of the receipts for
this week (as per
telegraph) and for the corresponding weeks of
five previous years are as follows:
1878.
at
New Orleans
1877.
3,932
1,876
7,656
Mobile
Charleston
1876.
1,339
1875.
1874.
957
6,239
2,039
2,119
5,216
4,898
2,634
5,979
12,468
9,628
7,784
10,739
5,424
2,850
1,723
telegraphic figures, because in preparing them it is always
necessary to incorporate every correction made at the ports.
Cotton on the spot has declined the
past week. Quotations
were reduced |c. on
Saturday, and again on
Monday, to ll$c. for
Middling Uplands, at which figure the decline was checked, there
being some improvement in the demand from home spinners and
stocks showing no important accumulation.
Yesterday, however,
there was a further decline of £c.,
making fc. since last Friday,
without leading to business of importance.
To-day, quotations
were revised and based on new
cotton, with Middling Uplands
quoted at ll^c., old cotton, £@£c. above the figures for new. For
future delivery the speculation has been
quite feverish and un¬
settled.
There was a material decline on
Saturday and Monday
under the liberal movement of the new
crop and dull foreign
advices; but both Tuesday and Wednesday opened buoyantly,
losing, however, as the day advanced, most of the early improve¬
ment. The “bear”
party seem very ready to take alarm, and at
slightest adverse influence become eager buyers to cover
contracts; but, with the short interest disposed of, there seemed
to be no adequate support to values.
Yesterday, there was some
recovery, but a quiet market.
To-day, the speculation was dull
and prices weak.
The total sales for forward
delivery for the week are 272,500
bales, including — free on board. For immediate delivery the
total sales foot up this week 5,433
bales, including 516 for
the
00.007384120.12.521.7041./
Port Royal, &c
Savannah
29
....
19,550
Galveston
11,710
Indianola, &c
Tennessee, &c
36
4,556
2,358
•
•
•
.
8,483
4,546
181
57
599
150
691
168
363
166
38
14
78
82
North Carolina
40
915
296
789
Norfolk
373
850
164
52
1,636
1,816
1,732
32
1,061
2,330
1,436
1,810
47,431
12,109
41,457
36,709
28,045
73,329
17,994
63,030
59,424
Florida
City Point, &c
Total this week
...
Total sinceSept. 1.
1,064
47,699
The exports for the week
ending this evening reach a total of
6,802 bales, of which 6,802 were to Great Britain, none to
France, and none to rest of the Continent, while the stocks as
made up this
evening are now 81,289 bales. Below are the
stocks and exports for the week, and also for the
corresponding
week of last
Week
season:
EXPORTED TO—
ending
Great
Sept. 13. Britain.
N. Orl’ns
1,000
Mobile..
France.
•
•
»
nent.
•
•
....
Charl’t’n
Savan’h.
....
....
....
3,245
Norfolk-
....
Other*..
2,557
....
....
....
....
•
•
•
7,915
•
19,059
2,838
7,524
2,801
4,985
4,671
-4,602
207
....
2,557
....
453
6,500
50,941
1,261
17,000
Tot. this
week..
6,802
....
6,802
....
8,368
9,651
93
9,744
11,422
The exports this week under the head of “ other
ports” include, from Balti¬
more, 2,057 bales to Liverpool; from
Philadelphia, 500 bale3 to Live pool.
In addition to above
exports, our telegrams to-night also give
us the
following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New
York,
which are prepared for our
special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
On
Liver¬
pool.
France.
Other
Foreign
Coast¬
wise.
gram
not
Leaving
Stock.
Total.
None.
None.
Savannah
None.
1,300
300
None.
Galveston
3,500
47
None.
None.
5,870
2,283
None.
None.
5,100
5,917
*2,525
2,838
16,889
9,328
18,499
3,630
300
13,542
47,554
re
None.
None.
9,370
ceived...
***
wuviv
UIXV
**-X^*d
WUUVO
ut
JL A VOOOO
JLOl
ports, the destination of which we cannot learn.
From the
foregoing statement it will be seen that, compared
with the
corresponding week of last season, there is a decrease
in the exports this week of
1,566 bales, while the stocks to-night
are 24,031 bales less than
they were at this time a year ago. The
following is our usual table showing the tnovement of cot rx)n at
all the ports from
Sept. 1 to Sept. 6, the latest
RECEIPTS SINCE
SEPT. 1.
1878.
N.Orlns
Mobile.
Char’n*
Sav’li..
Galv.*.
1,562
1877.
952
438
418
11,599
1,134
1,425
6,392
N. York
16
Florida
108
14
N. Car.
577
86
Norf’k*
277
610
580
396
Other..
This yr.
*
j Other
'Foreign
Stock.
Total.
1,233
93
1,709
4,435
1,643
3,804
10,526
10,098
20,968
499
300
2,763?
93
131
2,942
160
57,773
City
returns do not
10%
12
correspond precisely with the total
Sat.
10%
10%
Mon.
10%
1011x6 109x6 IOH16 10916
11316 1H10 113i6 lll16
ioi&ie
113s
115s
115s
11%
1178
1L78
TEXAS.
Mon
1178
11%
1134
12
12%
115s
11%
11%
11%
1178
12
12
1178
12%
12
12%
12 58
13
12%
13%
13%
135b
121i0 12316 121X6 12°i6 12310 125x6 123i6
1238
12%
1238
1278
13is
13
127e
13%
135s
125s
13%
13%
135a
13
Toes Wed Tiles Wed Tues Wed Tues Wed
Ordinary
$ lb. 10
Strict Ordinary..
Good Ordinary....
16
Strict Good Ord... 1138
Low Middling
115s
Strict Low Mid.... 11%
113s
115s
11%
Middling
1178
10
10
\odl will
1176
10
10%
16
1138
113s
115s
11%
115s
11%
1178
10%
10%
10%
10916 10916 10916 10916
11*16 H%6 11*16 11*16
11%
11%
11%
11%
11%
11%
ll7s
1178
12
12
11%
1178
12
11%
11%
117q
12
Good Middling.. . 121x6
Strict Good Mid... 123a
12116 121x6 12116 123x6 123x6 123i6 12316
1230
123s
Middling Fair
123s
12 78
12%
12%
127e
13
12%
13
12%
1312
13
1312
1278
1312
13
135s
13%
1350
135s
1278
1312
Fair
Th.
Frt.
8trict Good Ord... 11%
11
Low Middling
11%
Strict Low Mid.... 115s
11%
Til.
Middling
11%
11%
11%
11%
115s
11%
Fri.
Tit.
.
Middling Fair
Fair
12%
133s
! 12%
!13
Good Ordinary
Strict Good Ordinary
Low Middling
$ lb.
Fri.
10
Tit.
9%
Fri.
10
9%
103i6
1O1%0
103j6
% 11% 1130
10^e 11%
1011x6
11
11%
113s
11%
111516 1134
12
12%
12 34
12%
133s
13%
113s
Good Middling.... 11151611%
Strict Good Mid.
12% il2
1130
115s
11%
1138
11%
1178
1158
1150
11%
11%
12%6 1178
123s
12%6 12%
12%
125s
13%
1278
13%
113s
11%
115s
1230
12 7S
13%
12%
12 5g
13%
Sat.
Mon Tues Wed
Tit.
Fri.
10%
10%
10%
11%
10%
10%
11%
10
10%
11%
11%
9%
10%
10%
11%
11%
11%
10%
10%
11%
11%
10%
11
11%
MARKET AND SALES.
SALES OF SPOT AND
SPOT MARKET
CLOSED.
Ex¬
Quiet, lower
Mon JDull, easy, lower
Tues
TRANSIT.
Spec- Tran¬
sit.
1,148
!
Total.
100
100
5,433 272,500
1,000
662
....
775
1,009
*20
516i 4,897
20
638
1,545
....
eries.
34,700
64.900
44,400
51.800
37.900
38.800
775
638
516
Deliv¬
Sales.
665
662
.
FUTURES.
1,148
66 5
.{Dull
Wed .| Quiet
Thurs Quiet, lower
Fri.
Steady, lower...
Total
Con-
port. sump. ul’t’n
Sat.
300
100
200
200
For forward
delivery, the sales have reached during the week
272,503 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices:
For September.
Bales.
Cts
11-27
f
10,700
8,700
14,500...,-.
11-2S
11-29
11-30
11-31
11-32
14,500
11-33
1,500
100 8.0.61b 11-34
11-34
8.800
7,200
1T35
11-36
100s.n.ktbll 37
800
900
11-37
1T38
900
600
11-40
...11-41
9,100
11-42
11-43
...11-44
^ale3.
17,200
4.800.
900
....
Bales.
200
11-12
11-13
1,600
7,100
11-14
11-15
1119
4.400
900
300
11*21
For November.
200
10-89
2,000
10 90
1,200
10-91
10-92
10-93
10-94
1,600
10-95
1,200.
10-96
10-97
10-98
96,000
4,400
11-04
11*05
Cts.
10-85
10-86
10-87
...10 88
10 89
:. .10-90
10-91
10-92
10-93
10-99
700
2,800
4,700
-
200
21,400
23,700
300
2,900.
1,100.
iO-87
..
..
10*89
1,500.
500.
1,600.
2,900.
3,000.
1091
1092
10-93
10-94
9H0.
500.
100.
10-93
Cts.
1,100
.....10*94
10-95
900
200..,
10-96
300
600
10-97
10-98
10 99
1,200
iroo
500
ll’Ol
200
100
400
1T02
1T05
F°rMarChi0-98
200
1,000
1,400
100
11-02
700
400..
900
.11*06
700.
.1107
—
5,400
15,200
F'w
Ea’es
200
5,800
84400
11*50
15,000
December.
11-20
400
11*49
For October.
For
11-06
11 07
11-08
11-09
11-10
1111
11 39
3,054 110,938
Unaer the head of Charleston Is Included Port
Koyal, &c.; under the head of
Galveston is included Iudianola, &c.; uader the head
of Norfolk is included
Point, &c.
3Tiese mail
Ills
11%
1158
11%
1178
13*8
5,500
2,849
5.8851
„
France.
1,233
1,616
25,898
La8tyr
mail dates:
EXPORTED SINCE SEPT. 1 TO—
Great
Britain.
1,364
3,835
13
113s
Mon Sat.
10
101°i6 H116
Middling
None.
Ports.
Middling Fair
1018
Shipboard, not cleared—for
None.
Total
12
Sat.
107j6 10916
STAINED.
New Orleans
Mobile
New York
Middling
ALABAMA. N. ORLE’NS
Ordinary
$ lb. 9%
95q
978
95g
Strict Ordinary... 10516 10*16 10&16
10%6
Good Ordinary-... 101316
10916 10!316 10516
•
Sept. 13, at—
10
$ B>. 1010
81,289 105,320
Tot.since
Sept. 1.
Ordinary
Strict Ordinary... 109i6
Good Ordinary. .. Hhe
Strict Good Ord... 11%
Low Middling:
11H
Strict Low Mid
1178
1877.
5,962
21,989
15,245
21,024
....
3,245
....
....
1878.
....
....
....
mon
Fair
....
....
....
STOCK.
Same
Week
1877.
1,000
•
....
....
N. York.
•
....
....
Galv’t’n-
•
UPLANDS.
Saturday, Sept. 7,
to Friday, Sept. 13. Sat.
Good Middling.... 12316
Strict Good Mid... 12%
Total
this
Week.
Conti¬
export, 4,897 for consumption and 20 for speculation.
Of
the above, 2/5 bales were to arrive.
The following tables show
the official quotations and sales for each dav of the
past week:
i
Receipts this w’k
rvou XXVIV
February.
For April
100
.11*07
1,300
8
September
Bales.
Cts.
Bales.
fiOO
000
11*09
11*10
200
1,600
11*11
8,200
900....
11*12
1,300
1113
100
11*14
11*16
11*16
800
BOO
The
THE CHRONICLE.
14,1878.]
Cts.
11*17
Bales.
4,500
300
900
For May.
BOO.
200.
.
.
.
.
.
800
Pales.
1.100
11*21
1,100
2,300
11*22
600
100
11*23
11*15
11*17
11*18
Cts.
.11*19
1120
For Jun?.
Cts
11*25
11*26
11*27
11*30
100.
100
11*28
Sept.
§. n.
10th, for reg. |
bales
same
more than at the
towns have been
Receipts
following exchanges have been made during the week:
•01 pd. to exch. 100
The above totals show that the* old interior
increased during the week 4,542 bales, and are
In
*34 pd. to exch. 100 Feb. for Sept.
The
following will show the closing prices bid for future
delivery, and the tone of the market at three o’clock P M., on
April
11-19
1113
May
11-27
11-33
11-21
11-28
11-15
11-23
June
10-85
11*07
1115
11-22
July
Transfer orders 11-50
Closed—
Weak.
Gold
1003s
4-80
Exchange
11-45
Weak.
11-35
The Visible Supply
11-30
Weak.
Steady.
10038
4'801a
100 >4 lOOia
00 0 $ 4-80
Cotton,
of
10-86
10-94
10-93
10-93
11-01
10-99
11-01
11-09
11-07
11 09
11-16
11-15
11-17
11-23
11-22
11-23
11-29
11-28
11-29
11-35
11-34
11-30
11-35
11-35
Dull. Steady. Steady.
10-92
10-99
as
IOOI4
4-80i4
10014
00 © £
1003s
CO © &
made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s
returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for
to-night (Sept. 13), we add the item of
exports from the United States, including in it the exports of
Friday only:
1878.
Stock at. Liverpool
Stock at London
1877.
485,000
20,000
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntal ports.
505,000
155,250
1.750
15,500
5,500
35,000
42,250
7.750
Total continental ports....
.
740,000
29,500
769,500
229,000
1875.
751,000
38,750
74,000
825,000
190,000
189,000
4,250
4,250
68,000
12,000
12,000
13,000
65,000
37,750
10,000
7,750
12,000
14,250
53,500
12,000
31,000
55,000
9,750
4,000
9,000
280.250
444,450
437,750
368,500
5,250
Total European stocks..
India cotton afloat for Europe.
1876.
751.000
789,750
11,000
59,000
54.000
62,750
16,500
17,000
-
785,250 1,213,950 1,227,500 1,193,500
195,000
160,000
379,000
375,000
14,000
48,000
34,000
21,000
3,000
23,000
24,000
23,000
81,289
105,320
133,313
89,093
11,019
9,387
11,084
10,106
1,000
1.000
2,500
..
.
Amer’n cotton afloat for Eur’pe
Egypt,Brazil,&c.,aflt for E’r’pe
Stock in United States ports
Stock in U. S. interior ports..
United States exports to-day..
..
.
Total visible supply.bales.l,090,558 1,559,657
1,811,397 1,712,699
Of the above, the totals of American and other
descriptions are as
follows:
*
ending—
1876.
June 7.
1677.
23.
10,456
8,444
10,493
8,559
9,390
8,526
8,526
6,519
5.
8,661
6,102
12.
6,005
4.404
•4
19.
5,042
u
26.
5,589
5,153
5,871
3,676
3,299
2,891
2,102
1,733
2,614
44
14
(4
21.
44
July
44
Aug. 2.
44
9.
«4
16.
44
23.
44
30
Sept.
%4
7,393
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
363,000
221,000
14,000
81,289
444,000
321,000
48,000
105,320
11,019
1,000
9,387
382,000
303,000
34,000
133,313
have
week last
1878.
1876.
12,380
11,231
10,721
6,879
5,949
5,2:7
3,782
4,086
3,671
3,069
4,657
4.335
5.835
26,750
41,457
12.109
47,431
163.282
81,941
167,376
6.
5,699
15,784
*
374,000
174,000
21,000
89,093
10,106
1,000
to
remarks
our
we now
bring
PLANTATIONS.
Stock at Inter1 r Ports
7,151
13,278
19,733
13
Total.
FROM
1877.
82,569 57,509
76,054 52,154
67,712 45,769
61,078 35,811
57,865 32,077
53,736 23,997
49,5S2 27,979
47,151 25,361
42,372 22,472
35,18^ 21,574
28,877 19,118
23,691 17,600
21,627 16,278
20,760 16,449
23,431 16,272
Rec’pts from Plant'ns
1878.
1876.
34,154
29,315
'
23,287
21,240
19,675
18,033
15,494
12,527
11,005
8,346
6,238
5,999
6,593
9,979
18,971
1877.
5,314
1,929
2,151
1,925
5,448
1,876
7,509
2,368
1,324
2,658
888
3,158
681
374
•
•
•
1878.
3,171
2,141
•
•
•
1,204
•
1,085
1,965
11,214
18,86H
•
•
•
•
6,392
4,693
4,332
4,384
3,645
1,243
1,119
2,149
410
2,549
5,460
1,128
3,013 15,784
5,885 26,750
11,932 41.457 47,431
68,125
•••«*••
65,028 134,350
This statement shows us that the
receipts, at the ports the past
week were 47,431 bales, received
entirely from plantations.
Last year the receipts from the plantations
same
were
for the
41,457 bales, and for 1876 they were 11 932 bales.
Weather Reports
by
Telegraph.—There
are no
week
particular
changes in the condition of the plant the last week. Rain has
fallen in about the same sections as
heretofore, and there is some
further complaint of caterpillars ; but much of the
crop was
beyond the reach of caterpillars before they came, and the harm
they will do is, therefore, far less than usual, even in the dis¬
tricts where they are most abundant, and the section in
which
they have done any considerable harm is quite limited. Picking
is progressing rapidly and the cotton is
being marketed freely.
Galveston, Texas.—There lias been no rainfall during the week.
We have had three days of
unseasonably low temperature and a
light frost is reported in the extreme north of Texas. Picking is
progressing finely. The plant has been generally stripped of
leaves by caterpillars in the coast counties.
Average thermometer
78, highest 89 and lowest 62.
Indianola, Texas.—We have had a shower on one day of the
week, the rainfall reaching eleven hundredths of an inch. The
weather has been too cold for this
is progressing finely.
Caterpillars
season
of the year.
Picking
have devoured foliage. The
thermometer has averaged 76, the
highest being 93 and the
lowest 60.
Corsicana, Texas.—It has rained hard
American—
Liverpool stock
same
Plantations.—Referring
Receipts at the Ports.
Week
Mon.
TU68.
Wed.
Thurs.
Fri.i
Lower.Var’ble. Firmer. Higher. Easier.
11-31
11-29
11-29
11-34
11-31
1105
11-03
1103
11-07
1106
10-91
10-89
10*88
10-94
10-92
10*85
10-84
10-85
10 92
10-91
10-86
10-92
10-98
1107
from the
RECEIPTS
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
....
same
period last year.
9,567 bales more than the
previous issue for an explanation of this table,
the figures down one week later,
closing to-night:
a
the several dates named:
Fri.
Sat.
Market— Lower. Lower.
11-48
September
11-41
October
11-18
11-12
November
11*02
10-95
December
10-97
10-91
January
10-98
10-92
1104
February
10-98
March
11-11
11-05
stocks
to-night 1,632
The receipts at the
year.
2,400
10,300
283
on one
day this week, the
doing
rainfall reaching two inches and
sixty-five hundredths,
much good, though late.
The weather has been too cold.
ing is making fine
progress.
Pick¬
Average thermometer 73, highest
93, and lowest 49.
Dallas, Texas.—It has rained hai£ on one day of the past week,
with a rainfall of two inches and sixty hundredths The rain
Total American
has
bales. .691,308
927,707
865,897
669,199
Total East India, &c
The weather has been too cold on three
399,250
631,950
945,500 1,043,500 proved very beneficial.
days, and a light frost is reported between this and the Red
Total visible supply
1,090,558 1,559,657 1,811,397 1,712,699 River.
Picking is progressing. The thermometer has ranged
Price Mid. Upl., Liverpool
6hjd.
6d.
6^,
from 93 to 49, averaging 73.
6i5i6d.
These figures indicate a decrease in the cotton in
Brenham, Texas.—The weather has been cold and dry all the
sight to-night
of 469,099 bales as compared with the same date of
1877, a week. We believe the statements of injury from caterpillars are
decrease of 720,839 bales as compared with the
corresponding date exaggerated, though in some sections much damage has undoubt¬
of 1876, and a decrease of 622,141 bales as
edly been done. Picking is making fine progress. Average ther¬
compared with 1875.*
mometer 78, highest 93, and lowest 63.
At the Interior Ports the movement—that is the
receipts
New Orleans, Louisiana.—Telegram not received.
and shipments for the week, and stocks
to-night, and for the
Shreveport, Louisiana.—Telegram not received.
corresponding week of 1877—is set out in detail in the following
11,084
2,500
statement:
Week
ending Sept. 13, ’78.
Receipts Shipm’ts
Stock.
Week
ending Sept. 14, ’77
Receipts Shipm’ts Stock.
Augusta, Ga
3,705
3,144
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Selma, Ala
Memphis, Tenn.*
N ashville, Tenn..
2,081
1,052
1,158
1,245
620
1,250
794
315
1,404
635
2,290
2,122
2,352
1,429
733
511
751
2,694
2,070
1,437
3,646
1,289
300
480
750
319
1,030
751
279
220
236
697
245
4,653
Total, old ports.
15,338
10,796
11,019
5,771
5,687
9,387
Dallas, Texas....
939
255
Jefferson, Tex.
Shreveport, La
25
30
45
270
26
931
66
543
60
275
982
147
77
900
Vicksburg, Miss
..
..
.
Columbus. Miss..
Eufaula, Ala
Gritfin, Ga
Atlanta, Ga
Rome, Ga
Charlotte. N. C...
St. Louis, Mo
Cincinnati, O.*...
Total, new p’rts
Total, all
*
Estimated.
3.788
....
450
....
155
18
1,880
1,374
424
2,051
413
1,745
1,808
1,325
....
34
196
197
645
112
406
299
145
60
9
1,000
400
304
225
38
21
142
600
40
595
1,835
174
180
290
7
216
543
11
153
*
75
50
519
153
1,711
1,358
500
1,163
13
79
233
245
1,200
686
1,545
1,132
3,430
9,125
4,675
7,052
2,857
3,166
6,885
24,463
15,471
18,971
8,628
8,853
16,272
.
Vicksburg, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has been clear and cool all the week,
the thermometer averaging 74, and
ranging from 50 to 86* Cot¬
ton is coming in very freely.
Little Rock, Arkansas.—Saturday last was
cloudy, with a light
rain. Tuesday was cloudy, and in the evening the wind
changed
to the
northwest, with a marked difference in the temperature.
The remainder of the week has been clear and cool.
Cotton be¬
gins to
move
freely.
The thermometer has averaged 65, the
The rainfall for the week is
highest being 86 and the lowest 49.
thirteen hundredths of
an
inch.
Nashville, Tennessee.—We have had rain on three days this
week, the rainfall reaching fifty-six hundredths of an inch. The
thermometer has ranged from 65 to 81,
averaging 73.
Memphis, Tennessee.—Telegram not received.
Mobile, Alabama.—There has been no rainfall here during the
week.
Accounts from the interior are
unchanged. The ther¬
mometer has averaged 78, the highest
being 92 and the lowest 64.
Montgomery, Alabama.—We have had no rainfall during the
past week. The thermometer has averaged 77, the highest being
88 and the lowest 64.
Selma, Alabama.—It has not rained here during the week, the
having been clear and cool. Planters are sending their
crop to market freely.
Madison, Florida.—There has been rain on six days the past
two weeks, the rainfall reaching
The
a total of seven inches.
thermometer has averaged 75, the extreme
range having been 80
weather
284
THE CHRONICLE
[VOL xxvn.
X
-We had considerable wind the first part of the week,
and 70.
to-night are now 56,686 bales more than they were to the same
damage done as was expected.
day of the month in 1877, and 25,416 bales more than
Macon, Georgia.—We have had rain on one day this week, an were to the same day of the month in 1876. We add to the they
last
unusually severe storm. The thermometer has averaged 77, with table the percentages of total port receipts which had been
an extreme
received Sept. 13 in each of the years named.
range of b6 and 84.
Columbus, Georgia.*—It has rained on one day this week/-the
India’s New Crop, and Receipts of Last Crop for Six
rainfall reaching one inch and forty-five hundredths.
The ther¬ Months.—The latest advices
from India indicate that
mometer has
good
averaged 80.
Picking is progressing finely.
Our last week’s telegram about caterpillars wras
misinterpreted. progress has thus far been made in starting the new crop.
What we intended to say was that the statements of
injury from Rains have been of very wide extent and abundant—in truth*
caterpillars are exaggerated. The telegram being sent in cipher, over limited districts
excessive, but this latter fact is not con
a
wrong word was used.
sidered particularly unfavorable.
The Bombay Prices Current,
Savannah, Georgia.—Rain has fallen on six days of the week
under date of August 2, states :
and one day was cloudy, the rainfall
footing up four inches and
The rainfall in Bombay daring the month of
sixty-four hundredths. 1 he thermometer has ranged from 73 to
July has been one of the
heaviest on record, and, as it has extended very
89, averaging 78.
generally over the country*
agricultural prospects are everywhere most promising, wiih the ext eption of
Augusta, Georgia.—During the earlier part of the week we had those few localities where the rain has been excessive and
has in coneeheavy and general rain on three days, but the latter portion has uence been done to the growing crops. From Broach wedamage
letrn that, owingtobeen clear and pleasant.
oods, at least one-third of the cotton crop will have to be planted over again,,
Accounts are good and picking is mak¬ but
with favorable weather the remainder of the mon oon, will merely
ing fine progress. Planters are sending their crop to market havethis,
the effect of making he crop a late o e,
as the plants will not arrive at
freely. Average thermometer 78, highest 93 and lowest 68. The maturity unii five or six weeks after the usual time The re ief occasioned by
the seasonable weather in the districts which
jainfall has reacned four inches and
durng the last two seasons have
seventy-seven hundredths.
been vi-ited by famine mtt't shortly have the effect of
greatly benefiting trade,,
Charleston, South Carolina.—It has rained during the week on esoecially piece
four days, on one day an unusually severe storm, the rainfall the demand -is goods and other articles of import, for which, how-ever, us yet,
only limited. The improvement in the cotton market at
reaching five inches and fifty-four hundredths; but as the week ahome during the week has increased the demand here, and there has been
very good inquiry for the season of the year, whicb, however, has not been
closes, there has been a favorable change in the weather. The
freely met by holders, who look for better prices for tbeir stocks hereafter;
thermometer has averaged 79, the highest
being 87, and the business has, in consequence, been restricted within smaller limits than would
but there
not
was
as
much
,
,
lowest 71.
Comparative Port Receipts
and
Daily Crop Movement.—
A
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same
day of the
month.
We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts
each port each day of the week ending to-night.
as
,
PORT RECEIPTS FROM
D’y s
of
we’k
New
Or¬
leans.
Sat..
611
Mo¬
bile.
SATURDAY, SEPT. 7, ’78, TO FRIDAY, SEPT. 13, ’78.
Char¬ Savan¬ Galleston. nah. vest’n.
311
918
Mon
1,541
790
1,047
Tues
824
214
1,432
Wed
Thur
7
99
967
413
156
1,441
1,851
Fri..
536
306
Tot..
3,932
1,876
The
1,946
4,149
2,858
3,351
3,620
3,626
Nor¬
folk.
Wil¬
Total.
others.
ton.
70
«...
All
ming¬
146
106
4,108
13,115
7,341
6,258
5,280
175
20
1,464
160
369
20
1,324
200
42
271
2,013
100
239
1,632
145
52
479
8,627
7,656 19,550 11,710
850
868
989
47,431
movement each month since
113
•
Sept. 1 has been
as
•
•
7,982
•
1877.
1876.
1875.
1874.
Sept’mb’r
98,491
236,868
October..
578,533
675,260
Novemb’r
822,493
Decemb’r
900,119
January
689,610
901,392
787,769
500,680
169,077
610,316
740,116
821,177
637,067
.
•
February.
472,054
449,686
479,801
March...
340,525
300,128
April....
May
197,965
96,314
42,142
182,937
100,191
68,939
36,030
June
July
August...
20,240
34,564
Corrct’ns.
52,595
17,631
14,462
66,293
163,593
92,600
42,234
29,422
33,626
71,985
>
1872.
134,376
115,255
184,744
536,968
355,323
576,103
811,668
444,003
530,153
524,975
702,168
569,430
482,688
332,703
173,986
127,346
462,552
309,307
218,879
173,693
59,501
72,602
83,515
46,467
31,026
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
17,064
13,524
9,709
31,856
23,394
12,299
supplies of all descriptions of produce hampers their opera ions, and we can¬
expect to see any material increase i j exports until the end of next month,,
when the nu-couutry traffic will be resumed,
and supplies of grain and seeds*
will no doubt be poured freely into this market.
Messrs. Nicol& Co. also report on the same
subject, under datenot
of
August 1:
From the telegrams which we publish below, it will be seen that
Guzerat has
this week been visited with very heavy rain, and, in some
pa ts, re-eowing wilt
have to be done« The railway bridge over th i Nerbudda River his
again d. en
washed away by floods, and this will, for some time to
come, stop al* importa¬
tion of co ton from the districts north of Broach. The Berars and
Central
Provinces have had sufficient dry weather to enable weeding
operations
be
commenced; and from Hingunghat reports
75 inches of rain have
we have received:
Total port receipts..
98*36
98-28
01-64
01-72
100-00
100-00
99-72
99-68
9915
1
00-28
00*32
0085
1
100-00
100-00
10000
This statement shows
that up to Sept. 1 the receipts at the
ports this year were 307,504 bales more than in 1876 and 154,503
bales more than at the same time in 1875. The
receipts since the
1st of
September, 1878, and for corresponding
follows:
1878.
Sept. 1—
44
44
3....
44
4....
“
6....
44
7....
44
8....
S.
9....
13,115
10....
7,341
11....
6,258
7,982
8,627
•
44
44
5,708
4,051
4,799
4,224
7,116
4,108
5....
“
44
S.
2....
44
12....
44
13....
Total
73,329
1877.
408
S.
1,246
616
1,008
754
1,701
1,655
S.
3,085
1,398
3,108
1,664
16,643
1876.
1,918
1,691
S.
4,630
2,996
3,414
3,111
3,982
4,708
S.
8,923
4,788
7,752
47,913
1S75.
1,064
1,3S0
1,734
1,107
S.
3,764
3,228
3,116
3,621
3,928
3,137
S.
7,119
33,498
years
have been
1874.
..
t...
01-67
01-19
00-80
1,265
1,075
8.
3,390
1,957
1,841
2,746
3,423
3,214
8.
3,234
2,289
1,944
2,510
date.
Ahmedabad, July 31.—Rainfall for the week, 13*07 inches; to date, 22-17
Crop prospects favorable.
Broach, July 31.—Rain-all for the -week, 12-2-* inches; to date, 34'34 inchesRain did harm. Fine weather required for
re-so\Ving.
JulgaUM (Khandeish), J uly 31.—Rainfall for week, 2-96 inches; to
date, 12
inches.
Khamgaum (West Berar), August
1.—Fine weather, hut showery. Prospects-
Berar), August 1.—No further rainfall;
2,571
24,353
up to
flourishing.
date, 17 80 inches.
Grain crops healthy; rain did good.
Moortizaporh (East Berar), July 31.—Rainfall for week, 2T7
inches; to
date, 1 r*9 inches.
Wurdah, July 31.—Rainfall for week at Hingunghat, 4*99 inches ; here, 4'84
inches. Weeding operations commeLced. Crop
prospects fa,orable.
Hyderabad (Deccan), Juiy 31.—Ween’s rainfall. 134 cents.
Gudduck (S. M. Country), August 1 —Rainfal for week, 25 cents.
Crops
flourishing, but more rain is wanted. Weather cloudy, with high winds.
Messrs. Wallace & Co., under date of, July
write
26,
as
fol
lows :
Accounts from the districts continue to report crops in a most
flourishing:
condition, the weather so far oein^ all that is desired, and wTe now should b 1
the better of a little sunshine, the general
opin on being that we may expect
a fall crop next season.
The rainfall this Monsoon in Bombay up to date is
more than has been for very
many years—viz., 70 inches.
We also have from Messrs. Wallace & Co. a
comparative state¬
ment of
months
the exports
of India cotton to Europe during the six.
30;h,
ending June
for three years.
EXPORTS FROM INDIA FOR SIX
MONTHS.
Great
From
Be mb ay—Bales of 392 lbs
Britain,
Continent.
f1878..
253,934
-f 1877..
[1876..
351 305
353,821
395,856
332,543
Kurrachee—Bales of 392 lbs
f 878..
■{ 1877..
478,5 3
8,278
6,465
t1876..
2,534
Carwar—Bales of 3S0 lbs
f1878..
1 1877.-.
[ 876..
(1878..
Calcutta—Bales of 300 lbs
1
..
1877..
[1676.
f1878..
■{ 1877..
(1876..
Rangoon—Bales of 800 lbs
(1878..
Madras—Bales of 300 lbs
Tuticorin -Bales of 300 lbs
1877..
il87G..
(1878..
^ 1877..
.1876..
•
&MASUPILATAM—-j
Total
all
India—Bales
-j
•
4
37,326
1,382
8,848
1,191
29,9C5
9,492
6,115
18,169
....
•
•
•
....
6,410
*
6,410
1,115.
84,503
16,913
13,723
....
3,521
50
10,265
2,691
20,017
1,382
8,843
1,191
....
.
.
.
.
....
1,517
6,242
2,000
13,526
31,452
15,734
8,115
31,695
698
698
4,845
11876..
2,650
3,954
r1878..
285,828
377,541
410,194
35*,000
.1876.J
6,713
•
1877.
1877..
8,773
12,5882,534
6,713
....
1,115
50,979
10,868
3,463
811,126.
6,) 21
•
41
,226
550,121
Total.
(07,755747,161
500
....
fl878..
COCONADA
25,759
00-68
crops
Oombawdttek (East Berar), July 31.—Rainfall for the week, 4‘5'J
inches;,
2,834
S.
Thisjstatement shows that the receipts since Sept. 1
to
as
1,439
1,571
2,101
1,497
2,206
1,563
1,615
1,682
2,145
00-69
en
1873.
Percentage of total
port receipts
fal
to
also favorable. Iu Bombay,
The following are the latest telegrams
are
inches.
Tot. year. 4,345,645 4,038,141 4,191,142
3,497,169 3,804,290 3,651,346
Perc’tage of tot. port
receipts Aug. 31..;
Corrections
see
seas
to
1873.
likely to
activity than usual tnis year during the monsoon, if prospects for next,
m’s crops were favorable, and the disposition on the
part of exporters
ceriaiaiy now tends to confirm tnis opinion; but the exceptional paucity of
more
very favorable.
Shbagaum (West
follows:
Year Beginnin g September 1.
Monthly
Receipts.
have been the case, if supplies were abundant and the
quality of the cotton
offering more desirable than it is at present. A good busine-8 has been trans¬
acted here in Madras descriptions, of wuich the
Tinneveily crop is a very good
one.
At one time a very general opinion prevailed that we were
4,845
6,604
....
663,369
348,420
)
90-3,121
,
September
THE CHRONICLE.
14, 1878. j
The total cotton exports from each of these ports for the
years
1876 and 1877 will he found in our book—" Cotton prom Seed
Alabama.—87 replies from 41 counties.
Agricultural Bureau Report
.
Cotton Exchange, through their Committee on
Information and Statis¬
tics, composed of T. K. Irwin, chairman, Julius Buttner, A. M.
Willmarth, J.
C. Bash and S. Haas.
Loom.”
'to
285
for
September.—The
re¬
port of the Agricultural Bureau on the condition of the cotton
September 1, has been made public. The following are com¬
parative figures:
crop
Six counties report the weather as
having been favorable and
unfavorable, some saying it was too hot and dry, and others that itthirty-five
was tdo
wet. Fiite-n report that the weather
compares
favorably with last
and
twenty-six less favorable. Thirteen report that the plant is fruiting year,
well and
retaining squares and bolls; twenty-eight that it is not, and that there Is
much
shedding. Thirteen report the condition favorable and better thain last
and twenty-eight not so good. Picking has commenced in all
comities
ut five, is now general in eighteen
counties, and will be so in the others frptn
the 10th to the 15th of September.
Twenty-three counties report no worms ;
in the other eighteen counties they have
appeared, and have done an average
damage of 12 per cent Army and boll-worms are both reported. Four
coun¬
ties report no damage from rust and
shedding, and thirty-seven an average
damage of 16 per cent.
ear.
September.
States.
1878.
1877.
1876.
1875.
1874.
North Carolina
86
83
96
90
87
95
101
82
South Carolina
80
85
91
80
86
86
95
80
105
Georgia
81
77
90
76
77
90
96
78
105
1873.
1872.
1871.
1870.
105
Florida.
91
94
83
75
77
85
92
75
115
Alabama
92
91
83
87
81
85
83
80
100
Mississippi
69
88
87
98
n
82
90
80
100
Louisiana
83
92
93
88
62
80
86
77
104
70
87
94
65
92
94
80
108
1C9
Texas
^
.Arkansas
98
99
97
99
47
93
78
95
110
Tennessee.
91
100
119
96
52
92
92
96
100
88'3
88
91-2
91*2
82*3
1C5
Average
The above
90
was
87-9
92 3
Mississippi.—39 replies from 2(kcounties.
Eight counties report the weather as having been dry and hot, twelve
rainy
and unfavorable, and, as compared with last
vear, generally less favorable in
all counties. The plant is fruiting well and
retaining squares and bolls in six
counties; in the other fourteen it is not fruiting well, and mm h shedding
is
reported. Two counties report the condition better than last year,
eight about
the
same, and ten abont 20 per cent poorer.
counties but one—Winston—aud will be
Picking has commenced in all
general from the 10th to the 15 h of
September. Seven counties reDort no worms, and thirteen report an
damage from boll-worms and caterpillars of 7’per cent. Four countiesaverage
report
no damage from rust and
shedding, and sixteeh an average damage of 13 per
cent. The sandy lands are in better condition than
prairie or bottom lands.
New Orleans
Department
that part of the State of Mississippi not
apportioned to the Memphis
and Mobile Cotton Exchanges; the entire State
of Louisiana and the State
of Arkansas, south of the Arkansas River. The report is prepared and
issued by the New Orleans Cotton
Exchange, through their Committee on
Information and Statistics, composed of Wm. A.
Gwyn, Chairman, L. F.
covers
received too late for
analysis this week, but it
be remarked that the Assistant Commissioner, by whom the
report is issued, regards the prospects as very favorable to a large
yield, should no great disaster overtake the crop during the Berje, Jesse S. Flower (Acting Chairman), John M. Witherspoon, Cyrus
Bussey, Jules Mazerat, Otto Heyn, J. M. Frankenbush, R. L. Moore.
remainder of the
maturing and picking season.
Louisiana.—29 replies from 16 parishes. Average date,
Aug. 31.
may
Detailed Cotton Exchange Acreage Reports
1.—We give
for Sept. 1.
for
Sept.
below, in full, the Cotton Exchange Acreage Reports
Norfolk
The Norfolk Cotton
Department.
Exchange (H. S. Reynolds, Chairman, W. D. Rountree
And R. P. Barry, Committee on Information and
Statistics) issues the following
report, covering the State of Virginia and the following Counties in
North
Carolina: Rutherford, Liucoln, Catawba, Rowan,
Davidson, Iredell, Burke,
Wilkes. Caldwell, Alexander, Davie, Forsythe,
Yadkin, Stokes,
Rockingham, Caswell, Person, Granville, Warren, Franklin, Nash, Surrey,
Wake,
Hyde, Pitt, Green, Cartaret, Craven, Beaufort, Tyrrel, Washington,
Martin,
Bertie, Chowan, Pasquotank, Camden, Currituck, Gates,
Hertford, Northamp¬
ton and Halifax.
North Carolina and Virginia.—35 replies from 23 counties.
The weather since August 1st has been
very wet indeed. Eight replied
report the weather not so favorable as last year; ten about the
same, and
seventeen better than )aet year.
Cotton is generally
reported as fruiting well,
hut some complaint is made on account of
heavy rains keeping it from retain¬
ing its squares and bolls.
Twenty-seven replies report ihe crop about as good
last year, if not better; eight
not so good.
Picking has not commenced
yet and will not be general until about September 25th o i October 1st.
No
damage of any kind has bten done by worms, but a good deal of damage is
ras
reported from rust and shedding, particularly the latter,
heavy i ai ns.
the
Oharleston
covers
on account
of
so
many
Charleston Department
State of South Carolina, and is
prepared and issued by the
Cotton
Exchange, through their Committee on Information and
•Statistics, composed of Robert D. Mure, Chairman, L. J. Walker and A. W.
Taft.
South Carolina.—Condensed from 80
replies from 80 counties.
The weather for the first half of the month was
excessively hot and dry, the
latter ball very wet indeed; on the
whole, the weather for the mouth was
less favorable than last year. '1 he
crop is reported generally as having fruited
well, but, owing to excessive drought in
July aDd heavy rains
month, the
plant has ehedded very badly, estimates varying from slightly past
to 33 per cent,
averaging about 15 per cent. Included in said estima es is also the
damage
from rust, which is at present considerable.
Worms are reported
only in one
county and had done no damage so far. Picking had commenced
in every
county, and will have become general by this date in all but a lew counties.
The universal report is that cot'on on
sandy and light lauds lias suflered very
much more than on stiff land, where the
damage has been but light.
Savannah Department.
This report covers the State of Georgia and the State
of Florida. The report
is prepared and issued by the Savannah
Cotton Exchange, through their
Committee on Information and
Statistics, composed of J. II. Johnston,
Clavius Phillips, J. J. Wilder, L. G.
Young and K. M Oppcnheiaaer.
Georgia.—101 replies from 57
counties.
The character < f the weather hss been
variable; all complain of heat, while
seme report too much rain, and some the
want of it.
The first planting was
well fruited, but much of it has been shedded
off; the late planting is frubed
•well, and retaining its squares and bods. The plant is taller and more
advanced Ibis year than lasr, and the hot inn has
caused it to open earlier. In
■Southern Georgia picking c mmencfd about the'lst of
Augusr, and became
general about the 2. th ; in Middle and N< rthern Geo gia picking commenced
about the 15th August aT d became general about 5th
September. Worms have
■appeared only in the southern tier of counties. In some places no
damage at
u.l has been done by them, while in others their
ravages have been serious.
Rust-has been very general on light sandy
lands, shedding only in the early
lanting. Shedding has been quite serious on the rich clay b.nds,
affecting
oth the bottom and middle crops; but on these lands a
good top crop is
Teported as comi g on, which will require, however, a late and
favorable
reason to bring it to maturity.
Florida.—31 replies from 18 counties.
The weather has been unreasonable the
past month, not as favorable as last
season during the same period.
The heat has been excessive and there has
been too much rain. The p ant was well fruited but has shed
much of it, and
is not in as good condition as it was at this date last
year.
Picking com¬
menced ahout the first of August, and became
general about the 15th. Worms
have apneared very generally on low lands, but
damage by them has been ex
ceptional. The plan’, six weeks ago, was in an uuusuahy flue
condition, and
the expectations or the farmers were
considerably raised. From the middle of
July, however, the plant has passed through various vicissitudes—excessive
heat, drought, and then too much rain—so that from rust and
shedding these
expectations have been
The Sea
cut off fully 2;. per cent.
Island section is not in as favorable
period last year; the plant has
more
condition
weed, but less fruit on it.
a
as
it was at this
Mobile Department
covers the
State
of Alabama
as
far
north
as
the snmmit
of the
Sand
Mountains, and the following counties in Mississippi; Wayne, Clarke,
Jasper,
Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston,
Oktibiba, Colfax, Monroe. Chicasaw, Itawamba,
Alcorn and Tishamingo. The
report is
Lowndes,
Lee, Pontotoc, Prentiss,
prepared and issued by the Mobile
The weather
during the month is reported by a majority of the correspond¬
ents to he very unfavorable for the
crops, although compared with last year it
is about the same. The plant is reported as
frnising well, but not
re
aining
its squares and bolls. The present condition of the
crop compared with last
year is good with few exceptions, and picking became general about the 5th
instant. Worms have appeared in
every parish, according to our replies, bat
With the the exception of four no
damage has been reported. All our corre¬
spondents report some rust, with hut little damage done, but the
shedding, superinduced by
injury frofil
too much rain, which has been very great.
Mississippi.—22 replies from 28
counties.
August 30.
Average date
The weather for the month of
August has, on the whole, been favorable
as much so as last season. The plant has been
well, but not retaining its squares as well as could be desired, mostfraiting
of oiir
correspondents reporting a heavy shedding. Picking has fairly commenced,
though not quite
and, though retarded by sickness In the country, will have become general by
Boll worms have appeared throughout the
State, and are doing
damage. Rust is also complained of, but injury from this cause is only sMght.
We have some reports of army worms, but so far
they have done no harm.
this date.
Arkansas.^27 replies from 19 counties. Average date,
Aug. 31.
The weather during the month has been less
seasonable, and as compared
with last year about the same. Tne plant is well
fruited, but we have great
complaint of rust and shedding. The present condition of »he crops are not
as good as last year. Boll worms have made their
appearance in every county,
and in some sections serious
damage has occurred. Most of our correspon¬
dents report that picking has commenced and will become
general about the
10th instant.
Owing to the quarantine regulations
hear from many of our correspondents.
Galveston
covers
we
have been unable to
Department
the State
of Texas, and was prepared and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
of J. D, Skinner, Chairman, H. I.
Anderson, J. M. Kirwan, Pat. Fitzwiiliam,
Chas. Kellner.
Texas.—93 replies from 64 counties, dated
August 31.
The weather since August 1 has been favorable and
dry in forty-five counties
and unfavorable and wet in nineteen
counties,
The weather has been favor¬
able iu twenty-three counties, more favorable in sixteen
counties and less
favorab’e in twenty-five counties, as compared wth the same time
last year.
Thirty-one counties report cotton f.uiting well, retaining its squares and
bolls, while thirfy-t5 ree counties report cotton not fruiting well, hut
shedding,
and lower bolls rotting on account of continuous rains.
The condiiion of the
crop is favorable in for;y-nine counties and unfavorable in fifteen
counties,
aud compares with iaet year as follows: The same in
nineteen counties,
betbr in u irty-one counties and not. as
good in fourteen counties. Picking
commenced between the 1st and 1 th of Au ust and is now
general, except in
a ftw
northern counties, where it wi.l become
general about September 15.
Cotton worms are reported in many of the coast
counties, but only four
report the damage serious. The bod worms have appeared in twenty counties,
in three per cent of which damage
is reported to the extent of twenty five to
fifty, while in the other coumies the damage is slight.
Cotton Crop of the United States for Y^ear ending
September 1, 1878.—Our usual annual Cotton
Crop Statement
will be found in our editorial columns
to-day.
Bombay Shipments.—According to our cable
despatch received
to-day, there have been 7,000 bales shipped from Bombay to
Great Britain the past week and
bales to the Continent ;
while the receipts at Bombay during this week have been
2,000
bales. The movement since the 1st of January
is as follows.
These are the figures of YY. Nicol & Co., of
Bombay, and are
brought down to Thursday, Sept. 12.
Shipments this week
Great
Brit’n.
1873
1877
1876
Conti¬
nent.
7,000
i'oo'o
From the
1,000
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
nent.
7,000 308,000 390,000
1,000 375,000 408,000
1,000 538,000 359,000
Total.
698,000
783,000
897,000
Receipts.
This
Week.
2.000
1,000
Since
Jan. 1.
853,000
994,000
999,000
foregoing it would appear that, compared with last
there has been an increase of 6,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 85,000
bales,
compared with the corresponding period of 1877.
Gunny Bags, Bagging, Etc.—Bagging has ruled quite active
during the past week, and considerable sales have taken place.
The activity has been confined chiefly to the lighter weights, and.
year,
286
THE CHRONICLE.
[VOL. XXVII.
the stock is very much reduced.
Prices are firmly maintained,
■with holders quoting 2 lb. at lOf c.; and should the demand
Aug. 23.
con¬
tinue, higher figures may be looked for. Standard quality is dull,
and but little inquiry is to be noted.
Quotations are nominal at
11c. Butts have ruled rather
quiet, but the feeling is steady,
with sales of small parcels
being made. Prices ars quoted at
2£@2 13-16c., cash and time, according to quality and terms. The
Chipman has arrived at Boston with 1,955 bales, which have gone
into consumption.
The stock on hand at the moment is 14,000
bales here
and 700 bales in Boston.
The Exports
op
Cotton from New York this week show
an
increase, as compared with last week, the total reaching 3,245
bales, against 1,709 bales last week. Below we give our usual
table showing the exports of cotton from New
York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1,
1378, and in the last column the total
for the same period of the previous
year:
Mxports ol Cotton!bales)from
New
YorK:slneeSeDt.lA 1878
WEEK ENDING
Total
Aug.
Aug.
21.
Liverpool
31.
2,772
Other British Forts
•
Total to Gt. Britain
•
•
3,464
•
93
....
99
All others
•
8paln, See
•
Grand Total
•
•
•
•
•
•
•
•
•
•
•
•
•
6.C89
93
131
....
93
....
160
....
....
Mid.' Upl’ds ...'©
Mid. Orl’ns.
'2>
....
....
....
....
....
3,613
....
1,709
....
3,245
•
»
....
4,954
sxci’ts
PHILADELP’lA
prom
This
week.
New Orleans..
Texas
Savannah
Mobile..
Since
This
Since
Sept 1.
week.
Septl.
986
1,868
5,959
7,036
4,750
....
•
Florida
B’th Carolina.
JTth Carolina.
2,695
3,515
Northern Ports
Tennessee, Ac
48
Foreign
Total last year.
I
-
♦
Since
Septl.
This Since
week. Sept.l
....
...
soi
521
.
..
the
same
ra
Sept
61332
Oct.... ..........-61332
Sept.-Oct
61330-2) 3g
.-6516
Oct.-Nov
•
•
•
•
•
•
m
67
520
501
+
*
•
^
a
Sept
m
m
7
15
109
....
67
520
504
7
•
•
•
15
109
•
99
99
....
...
....
,
m
....
•
m
m
...
1,619
1,619
900
900
124
124
4,721
9,164
420
420
122
122
65
65
exports reported by telegraph, and published in
up
to Wednesday
Total ba]cs
per steamers
Total
4,792
shipments, arranged in
usual form,
our
Liverpool.
New York
New Orleans
Baltimore
Total.
3,245
3,245
1,233
1,233'
314
Total
Below
314
4,793
we
give all
4,792
news received to date of disasters to vessels
carrying cotton from United States ports,
etc,:
Fire Queen, str., (Br,), from New Orleans for
Liverpool, before reported as
towed to New York with shaft broken, has had a half
shaft made, which
is now being put in place without the vessel
having to discharge cargo
Hudson.—A fire was discovered in the afier-hold of the steamer
Hudson, at
New Orleans, on Sept. 3, at 4 P. M.
Her hatches were
battened down and steam and water were forced into the immediately
compartment
where the fire originated.
The cause of the fire and the amount of
damage done are not known. The Hudson sailed for New York
Sept. 6.
Cotton
freights the past week have been
•
*•
Liverpool.
Steam.
d.
Baturday. —@X
Monday.. —@X
Tuesday. —@X
Wed’day. —<&X
Thursday —
Friday.... —@X
Sail.
d.
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
*
as
follows:
/—Havre.—> ,—Bremen.—»
Steam. Sail. Steam.
Sail.
c.
c.
c.
X cp. —@X 11-16 comp.
X cp. —
11-16 coma.
X cp. —
11-16 comp.
X cp. —<g^X 11-16 comp.
X cp. —(&% 11-16 comp.
X cp. —@X H-16 comp.
c.
X
X
X
X
yt
X
,—Hamburg—»
Steam.
Sail.
c.
X comp.
X comp.
X comp.
X comp.
X comp.
X comp.
c.
—
—
—
—
—
—
Liverpool, Sept. 13—4:30 P. M.—By Cable from Liver
POOL.—Estimated sales of the day were
8,000 bales, of which
1,000 bales were for export and speculation. Of
to-day’s sales
6,650 bales were American. The weekly movement
is given as
follows:
6*2
658
6*2
6®8
.../a)
—
'a)
61*
Uplands, Low Middling clause, unless
Delivery.
Shipments.
Nov.-Dee
6732
6316
6932
Dec.-Jan
Oct.-Nov
Sept
63s
Oct.-Nov.*
n.
Nov.-Dee.,
n. crop,
sail
sail
crop,
6316
63lft
Delivery.
Delivery.
Shipments.
6ii32 Nov.-Dee., n. crop.,
sail—
6316
6632
6316
Dec.-Jan., n. crop,
sail
6&32
6i8
..6H322>38 Sept.-Oct
6ii32@38 Dec.-Jan
614/2>932 i Nov.-Dee...,
63jq2)732 | Jan.-Feb
....
Sept....
Sept-Oct
....
Oct.-Nov..
Oct
.
Delivery.
,613c
Oao32
Nov.-Dee
611.32'2)38
Sept.-Oct
......
.69^-2)510
Delivery.
6732
Sept
..638
6ii32
Shipment.
6%2
Sept., n. crop, sail
Oct.-Nov
638
omitted
63s
Thursday.
Delivery.
Sept
Sept.-Oct...
Delivery.
638
6ii32
6»32
Nov.-Dee
Dec.-Jan
6732
6316
Friday.
Sept
Sept.-Oet
6i332
Nov.-Dee
6732
638
Delivery.
Oct.-Nov
Jan.-Feb
sail
crop,
6316
Nov.-Dee.,n.cp.,si,6316
♦
Delivery.
Shipments.
Oct.-Nov., n.
6932
631Q
Shipments.
Nov.-Dee., n.crop,
sail
63lft
Dec.-Jan., n.cp.,si,6316
BREADSTUFFS.
Montana, 1,776.... City of Mon¬
treal, 653.... City of Chester, 716
England, 1(0
3,245
New Orleans—To
Liverpool,
per steamers Orator, 227
Chilan, 1,006. 1,233
Baltimore—To Liverpool, per steamer Gracia, 314
314
.
'a)
Wednesday.
m
19,424
follows:
6ia
65s
....
nitrht of this week.
are as
...'©
...'©
Tuesday.
....
9,056
The particulars of these
daily closing prices of cot ion for the
'
•
....
Liverpool,
150,000
10,000
10,000
801
-
The Chronicle, last Friday.
With regard to New York, we
include the manifests of all vessels cleared
New York—To
13,000
Monday.
...
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail
returns, have reached
4,792 bales. So far as the Southern ports are concerned, these
are
6^2
658
the basis of
Delivery.
BALTIMORE.
*
....
....
587
V6i
8
64
....
Total this year
#
54
..
521
•
•
29
452
89
7
Yirginia
.
This
week.
5,000
6,000
4,000
141,000
Saturday.
d.
I
Delivery.
d.
\
Shipment,
d. >
Sept
6716 j Oct.-Nov
6616 | Nov.-Dee., n. crop,
Sept.-Oet— t3716'a>i332 I Nov.-Dee
614,S>732 I sail
6316
Oct.-Nov....
BOSTON.
4,000
144,000
15,000
485,000
363,000
11,000
20,000
6,000
7,000
2,000
145,000
2,000
519,000
392,000
Delivery,
The
NSW YORK.
on
10,280
following are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since
Sept. 1/78:
28,000
17,000
2,000
33,000
6,000
Futures.
Delivery.
•
..
...®
...'2)
4,060
•••
.
6*2
658
—
Oct.-Nov
Nov.-Dee
3,900
7,000
565,000
441,000
46,000
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y
Friday.
131
....
....
«
....
2,772
4,8cl
....
Spot.
34,000
4,000
2,000
538,000
415,000
16,000
4,000
Sept. 13.
38,000
2,000
28,000
4,000
1,000
1,000
47,000
the
Sept. 6.
44,000
2,000
following table wiH show
Sept.-Oct
50
•
....
....
....
■pain. Oporto* Gibraltar Ac
4,504
1,585
....
3,245
93
*50
Total to N. Europe.
year.
4,861
....
...
....
Other ports
date.
'
99
Hamburg
Total
3,245
....
1,616
....
Bremen and Hanover
1,616
3,464
....
Total French
11.
period
prev’ue
to
Sept.
4.
....
2,772
Havre
Other French ports
Sept.
The
week:
Aug. 30.
58,000
....
These sales are
otherwise stated.
Same
EXPORTED TO
Sales of the week
hales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
Friday, P. M
The
Hour market
dull and
,
Sept. 13, 1878.
depressed early in the week
latterly the export demand has been more active, causing
some improvement in
prices, especially for low grades from
spring wheat. There is, in fact, much irregularity. While com¬
mon extras from
spring wheat can scarcely be had under $4 10>
good extras from winter wheat, worth $1 a bbl. more, can be
had at &4 50@$4 60. Rye flour and com meal were dull.
To¬
day, however, the market was barely steady, a line of extra State
selling at $4 07-£.
The wheat market was also quite
depressed early in the week,
under'free receipts and dull foreign advices. New No. 3
spring
sold at 95c. for early arrival; No. 2 red winter
$1 05£@$1 06 on
the spot, and $1 06J for October; No. 1
whit%, $1 18@$1 13£;
No. 1 red and amber winter, $1 07£@$1 08 ; but there was a re-action, and yesterday some speculation on Western account, based
on the smaller
receipts of winter wheat at interior towns; No. 3
spring sold at 98@99c. for early arrival; No. 2 red winter, $1 07£
@$1 08, spot and September, $1 08£@$1 08£ for October, and
$1 09 for November; and No. 2 white, $1 15@$1 15£ on the spot,
and $1 1S£ for October. To-day, the market was easier at
$1 07£
for No. 2 red winter, and $1 15@$ 1 16 for No. 1 and extra white.
Indian corn has been variable, but
latterly some speculation
has sprung up on reports or
anticipations of early frost at the
West. An exceptionally large business has been done for Oc¬
tober at 52@52£c., with some for November at
53£c.; steamer
mixed advanced yesterday to 50c., spot and
September. Supplies
are large, but the demand liberal.
To-day, there was no essential
change, but much firmness for lots afloat.
Rye has sold down to 59@59£c. for boat-loads of No. 2 Western;
but 64c. bid yesterday for prime State.
To-day, there were
buyers for export at 60c. for No. 2 Western.
Barley is nominal, as yet; but of barley malt late sales include
prime 6-rowed State at $1 11 and fair Canada at $1 17£.
Oats have declined very materially,
especially the common and
medium grades. Choice old No. 2 Chicago sold for
export at 33c.;
but of the new crop there were
large sales at 30£c. for September
and 31|c. for October.
To-day, the market was easier, No. Z
graded closing at 29c. for mixed and 29£c. for white.
but
was
<??>
September
The following are the
closing quotations:
No. 2
Superfine* State & West¬
tfO
ern
&c
Spring Wheat
extras....'
Western
4
4
4
6
do XX and XXX
do winter X and XX...
do Minnesota patents..
4
City shipping extras
City trade and family
brands
Southern bakers’ and fa¬
/
00® 4
40® 6
25® 6
00 ® 8
10® 4
mily brands.
Southern shipp’g extras.
Rye flour, superfine
Corn meal—Western,&c.
Corn meal—Br’wine. &c.
30
25
00
Corn—West’n mixed..
do steamer grade.
Western white.........
25
85
5
00® 6 00
4
4
2
2
2
75® 6
20 ® 4
99® 3
20 ® 2
90® 2
,.
,.
.
56
57®
61
Rye—Western
61®
24®
State
Oats—Mixed
White
64
26®
579,135
1,251,165
371,333
1,113,458
31,500
457,226
3,772.646
12,905
659,769
790,717
.
160.000
.
492,044
.
92,70*
Toronto.
2,513
114,260
261,592
.
.
Peoria.
1,975
1 00® 1
.
55®
77®
,.
.
.
,
breadstuff's at this market has been
The movement in
bush.
.
32
37
1 15® 1 25
50 Barley—Canada West....
4o !
State, 4-rpwed..
25 I Western feeding.
60 Peas—Canada bond&free
95 I
Oats,
busb.
81,531
50® 50#
53®
Corn,
bush.
Albany
51
47®
.
Wheat,
at—
No. 1 spring
® :...
Red and Amber Winter9r#® 1 C8j£
Red Winter No* 2
1 07®1 0734'
White
1 06® 1 Id
3 40® 3 90
4 05® 4 25
...
Extra State,
trA
Wheat-No.3 spring,bueh. $ 97® 0 f»9
No. 2 spring
1 05® 1 08
$ bbl. $2 40® 3 15
..
In Stork
New York
Grain.
Flour.
I
287
THE CHRONICLE.
14,1878. J
as
.
•
144,671
112,478
779,623
499,776
2,629,652
2,557,000
•
•
•
Barley,
bush.
bush.
697,668
69,500
202,774
200,508
932,233
18,674
454,096 254,307
25,936
582,168
131,126
♦
•
-
25,000
71,886
*
471,813
120.802
7,578
115,000
14,354
289,150
473,713
72,000
169,727
48,457
4 00
16,285
167,865
247,923
114,023
74,585
82,997
143,522
307,489
2,111,619
1,307,000
7,894
4,562
55,877
14,197
79,899
25,177
16J599
37,666
60,647
138
•
•••
968
695
218,017
89,954
127,998
36,484
1,328
3,042
*
•
•
384,737
84,090
429,264
303,000
...
9,500
40,328
118,536
126,000
follows:
r-RECEIPTS AT NEW
.
C
44
Wheat,bus.2,613,827
Corn.
“ 1,325,319
Rye,
139.010
“
Barley, “
*45,810
Oats.
“
426,053
* Including
,
Same
time
1877.
,
1877.For the
Since
week.
Jan. 1.
33,632
808,697
Aug. 10, 1878
Aug.
July
July
Sept.
3,
27.
20,
8,
1878
1878
1873
1877
*
AND RIVER PORTS FOR THE WEEK
7, 187S, FROM DECEMBER 31 TO 8EPT.
AND FROM AUGUST 1 TO SEPT. 7.
Flour,
bbls.
Chicago.
1,083
7,086
2,151
..
36.775
Peoria
—
1,325
5,000
107,699
102,262
99,253
96,808
Total
Previous week
7,
Corn,
Oats,
Barley,
bush.
bush.
bush.
26,32)
9,199
22,958
167,850
3,690,045
2,880,615
3,546,903
3,361,911
bush.
(48 lbs.) (56 lbs.)
137,857
789,075 212,385
33,490
72,139
98,190
4,347
99,609
757
6,260
9,557
1,200
37,800
2,000
32,323
71,620
81,333
41,750
146,700
11,503
413,786
31,300
531,342
4,025
30,960
There
Rye,
(32 lbs.)
117,850
....
....
....
1,238,213
1,339,053
771,995
2,169,479 1,675,909
Corresp’ng week,’77.
746,051
1,315.053 1,881,918
Corresp’ng week,’76.
Tot.Dec.31 to Sept. 7.3,751,031 52,139,653 70,929,168 21,885,408
Same time 1877
2,777,641 19,433,980 59,653,599 14,436,934
Same time 1876
3,505,210 32,188,101 56,409,655 17,158,675
401,975
291,607
284,957
....
251,739
248,419
112,913
74,185
223,557
3,946,120 3,283,487
3,317,289 1,767,158
3.431,208 1,367,003
Same time 1875
3,106,083 39,296,683 35,270,106 15,253,262 2,018,796 1,960,575
Tot.Aug. 1 to Sept. 7. 554,372 18,132,666 13,425,016 7,324,367 1,015,239 1,224,178
543,799 9.142,455 14,991,004 3,791,067 598,107 827,231
Same time 1877
8ame time 1876
569,442 5,743,963 14,005,307 3,321,967 462,769
369,587
Same time 1875
473,164 8,915,401 7,531,587 4,591.893 463,541
449,546
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND
RIVER PORTS FROM DEC. 31 TO SEPT. 7.
Tot.Dec.3t to Sept.7.3,951,051 38,439,642 59,552,544 14,383,335 1,769.527 2,440,211
Same time 1877
2,923,941 17,926,165 51,453,696 10,^36,063 2,341,560 1,589,539
Same time 1876
2,757,196 30,256,299 52,285,988 14,586,476 1,382,851 1,130,617
Same time 1875
3,389,788 34,307,938 30,281,149 10,893,017 1,082,349 447,563
RAIL SHIPMENTS OF FLOUR
AND GRAIN FROM WESTERN LAKE
AND RIVER PORTS.
Week
Flour,
ending—
Sept. 7, 1878
Sept. 8, 1877
Sept. 9, 1876
Sept 11, 1875
bbls.
Wheat,
bush.
95,264
91,601
76,969
67,417
Oats,
Corn,
bush.
bush.
bush.
bush.
40,328
8,773
499,776
307,488
884.737
84.090
247,413
352,011
865,084
323,261
410,212
597,56?
52,541
58,534
63,309
452,011
291,792
525,913
Rye,
Barley,
21,540
19,948
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR
WEEK ENDED SEPT. 7, 1878, AND FROM DEC. 31 TO SEPT.
THE
7.
Wheat,
Flour,
bush.
bbls.
At—
New York
..
Boston
,i
Portland...
Montreal
.
Philadelphia
,.
.
.
Total
Previous week
.
.
Corresp’ng week,’77.
Tot.Dec. 31 to Sept.
Same time 1877
Same time 1876
Same time 1875
89,904
54,268
2,700
16,410
17,930
1,764,360
23,154
1,098,830
13,589
87,753
217,955
4,033,28*
213,497
4,000,603
154,450
•
•
•
•
466,022
511,900
183,330 1,394,707
Oats,
Barley,
Rye,
bush.
bush.
bush.
447,625
155,050
1,878
8,703
27.313
300
Corn,
bush.
1,034,400
182,830
6,500
97,300
275,500
216,600
53,726
1,867,446
2,124,355
2,637,361
7.5,894,062 62,427,763 79,717,478
67,900
23,d00
27,718
750,514
927,580
502,596
•
*
•
....
•
•
•
•
....
....
9,000
6,100
30,865
129,263
845
•
•
•
•
....
4,200
2,400
....
136,703
130,290
180,069
15,601,214 2,483,515 3,117,901
.4,6j7,5!9 13,085,571 60,577,927 12,163,579 2,172,850 1,209,839
481,641
.6,266,005 29,433,858 61,39 >,233 16,567,673 2,791,419
....
1,205,504 695,441
1,105,708 584,821
1,070,557 407,415
1,027,994 366,550
1,070.214 271,076
1,041,463 301,860
M3,784 556,606
Friday, P. M., Sept. 13,1878.
hush.
262,174
807,132
655,788
27,424
Milwaukee
Toledo
Detroit
Baltimore
New Orleans
977,056
695,82»
THE D1Y GOOD3 Tct ADE.
ENDING
Wheat,
(196 lbs.) (60 lbs.) (56 lbs.)
27,050 1,167,324 2,122,722
AT-
Duluth
1.555,814
1,371,247
Estimated.
malt
SEPT.
12,804,249 11.362,411 3,943,898
10,997.101 11,846,373 3,557,824
9,749,498 11,035,671 3,078,079
9,299,459 2,444,904
7,740,736
6,527,053 8,301,835 1,812,354
6,590,602 1,357,805
6,092,091
6,612,204 1,419,093
5,686,271
6,659,419 1,540,497
4,403,725
5,142,958 10,516,483 2,632,315
Total..
Aug. 31, 1878
Aug. 24, 1878
Aug. 17, 1878
....
RECEIPTS AT LAKE
Cleveland;
St. Louis
1878.
*
For the
Since
week.
Jan. 1.
/—
59,871 1,679,370
2,825,622 1,944,554
158,426
4,093
2,217
151,558
163,173
139,098
2,171,553 33,754,462 867,782 6,704,181
38,171,064 5,953,191
.
,
26,530,592 23,219,565 931,753 20,394,809 775,098 17,330,716
74,604 2,853,823 177,787 1,184,554
913,263
2.494,878
771,584
1,510,193
*2,926,499 *2,388,140
1,128
107,681
9,522,064 6,331,110 127,020 2,559,584
88,000
2,675
Flour,bbl8.
-EXPORTS PROM NEW YORK.-
YORK.
-1878.For the
Since
week.
Jan. 1.
was
a
continued active movement in
staple and depart¬
goods from jobbers’ hands duriDg the past week, and the
large and satisfactory.
There was only a moderate inquiry for staple cotton and
woolen goods at first bands, but some duplicate orders were
ment
volume of business in this connection was
placed by interior jobbers for dress goods, flannels, &c.,and there
was a brisk movement in
prints, several stocks of which were
closed out to one of the leading jobbing bouses at regular prices.
Values have undergone no material change, and the steadiness
in prices which has been a characteristic of the market for some
time has imparted confidence to both whol eeale and retail buyers,
who are making their purchases without hesitancy.
Reports
from all parts of the West and Northwest are highly encourag¬
ing, and business is said to be progressing satisfactorily in such
sections of the South and Southwest as are not affected by the
yellow fever.
Domestic Cotton Goods.—The exports of cotton goods from
this port to foreign markets during the week ending September
10 footed up 1,222 packages, the chief quantities of which were
shipped as follows: Great Britain, 407 packages; . Argentine
Republic, 233; Brazil, 194; Hayti, 166; Danish West indies, 73;
British Guiana, 24; &c.
Agents prices continued steady, and
there was a moderate demand for light re-aseortments of brown,
bleached and colored cottons, while considerable quantities of
brown sheetings, cotton flannels, denims, ducks, grain bags, &c.
were delivered by agents’ on account of former orders.
Print
cloths were fairly active at a further slight advance, and the mar¬
ket closed firm at 3fc., cash,bid, to 3 13-16c., asked,for 64x64s, and
3|c., 30 days, to 3fc., cash, for 56x60s. Prints were in Bteady
demand and the supply of dark fancies is unusually light in
agents’ hands. Cotton dress goods were in fair request, and
bourette ginghams continued in good demand.
Domestic Woolen Goods.—There was a very irregular
demand for men’s-wear woolens, but a fair aggregate distribution
was effected by means of numerous small sales and deliveries on
back orders. Worsted coatings continued in good request, and
stocks of leading makes are almost nominal in first hands. Fancy
cassimeres moved slowly, aside from a few of the most popular
makes, but there was a well-sustained demand for cheviot
Overcoatings were only in limited request, and there
while repellents,
EXPORTS FROM
MONTREAL FOR WEEK ENDED I 3EPT. 7, 1878.
Kentucky jeans and satinets ruled quiet. Flannels "'were in
Oats,
Rye,
Peas,
Corn,
Flour, Wheat,
steady demand for moderate lots, and some duplicate orders were
hush.
Dush.
hush.
bush.
bush.
bbls.
From—
518
placed
by early buyers, but blankets remained sluggish. In
83,465
795,453
New York
62,796 2,050,848
40
worsted and woolen dress goods there was a satisfactory move¬
148,773
68,869
Boston
5,862
50
Portland
ment, and shawls and skirts, though quiet with agents, were
29,609
20,123
111,943
329,003
Montreal
8,044
more freely disposed of by jobbers.
650
381,625
461,772
5,920
Philadelphia
Foreign Dry Goods.—Business was irregular with importers,
17,123
Chicago direct
800
110,861
but the jobbing trade in foreign goods was fairly active in all
Baltimore
11,008 1,055,073
departments. Black and colored silks continued in steady
111,564
20,641
demand and firm, and staple and fancy dress goods changed
Total for week.
93,680 3,933,685 1,548,663
115,876 130,275
27,849 hands
Previous week
82,040 3,566,802 1,350.536
in liberal amounts.
Linen goods and * handkerchiefs
4,8*8
1,075
176,257
59,508 1,130,745 1,477,639
Same time in 1877..
remained
in
quiet
first
hands,
but Hamburg embroideries were
bbls.
flour, 80.000
The exports from New Orleans for the week were 60°
in fair request.
Men’s-wear woolens were jobbed in fair quan¬
From Richmond, estimated 3,CtO bbls. flour
bush, wheat. 36,020 bush, com
and 20,000 bush wheat.
tities, but ruled quiet in first hands. Dress and cloak trimmings
continued
in good request. The offerings at auction were not of
Visible
The
Supply of Grain, comprising the stocks in
special
importance,
and the only feature of interest was the con¬
granary at the principal points of accumulation at lake and
seaboard ports, and in transit by lake, canal and rail, Sept. 7, tinuance of a brisk demand for black and colored silk velvets*
which found ready buyers at acceptable prices.
1878, was as follows :
.6,133,200 34,050,092 36,610,133
STATES
UNITED
379,652
195,021
suitings.
PORTS AND
FROM
was
11,782,839
SEABOARD
,
«•
•
•••
.
....
-
-
«
•
•
•
•
•
•
....
....
•
....
.
....
*
•
•
•
•
...
•
•
•
•
•
•
....
.
.
.
.
....
•
• • ••
somewhat less animation in cloakings,
rt
77,300 ‘
17,13fi •
.
288
THE CHRONICLE*
Importations of Dry Goods.
Exports of Leading Articles from New York,
following table, compiled from Custom House
returns,
shows the exports of
leading articles from the portof New York
to all the
principal foreign countries since Jan. 1, 1876 the
totals for the last week, and also the totals
since Jan. 1,1878
and 1877.
The last two lines show total
values,
including the
value of all othey articles besides those
mentioned in the table.
The importations of dry goods at this port for the
week ending
Sept. 12, 1878, and for the corresponding weeks of 1877 and 1876
JmiTO been as follows :
smtbbed fob consumption fob thb week
ending sept.
•1876 --■ >
Pkgs. Valne.
AUnnfactures of
wool
1,005
cotton.,
717
silk
570
flax....
8:9
dry goods. 286
do
do
do
Total
WflSDBAVX
,
i
1
cotton..
co
silk.
flax
■-
•
906
269
200
433
250
...
..
....
1878Valne.
Pkgs.
$452,329
269,323
439,714
1,245
814
557.082
180,191
135,418
1,049
228,039
153,041
928
$376,867
311,741
387
3,839 $1,476,975
$386,164
1,061
75,903
289
213
182,622
96,913
•
4,453 $1,626,773
$415,486
63,341
$776,789
48,485
2,779
3,839
1,286,141
<Total thrown nponmark’t 5,476 $2,062,930
725
404
127
392
169
171,812
114,743
727
489
33,187
i
2,049
Addent’d for consumpt’n 3,417
Total
1
12, 1878.
,
$833/ 67
1,476,975
»
co e* —-c ©
co
do
do
do
1
wool....
830
cotton..
115
silk....
63
261
22
flax
-Miscellaneous dry goods.
Total
$136,346
30,263
58,318
781
Addent’d for consumpt’n 3,417
65,976
9,il3
4,010
|300,9i6
1,286,141
5,916
3.839
1634,016
1,476,975
S58
145
40
163
$134,642
10
18,737
of
[The quantity is given in packages
China, Glass and
Earthenware-
9,392
25,513
Glassware
Glass plate
•Hattons
Coal, tons.......
Cocoa bags....
Coffee, bags
3,648
6,2SS
5,658
CochineaL
Cream Tartar..
Gambler
indigo
Madder&Ext.of
Oh
—
529
799
15,976
45,553
46,855
.Tlax
Canny cloth
3,157
122,220
Hemp, bales.,
Hides, &c—
Bristles
Hides, dressed..
X&dlarubber
.....
trory
-Jewelry, &c.—
JT ewelry
Watches
Linseed
Molasses
Hardware
Lead, pigs
379
Spelter, Tbs
Steel
.
—
•
to lO a
cd th
•
© CO
SO"
bbls
© ©
.S
:
c*
>
t- CO
Ol-N-
.
CM
—©
.
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■
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-3; T-I O
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923
1,245
4,475
—
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co © ©
"aidd
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—
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•
•
•
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•
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•
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•©».©•©»•
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c*©©t'.©3
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«©©t^TO
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763,206
33,937
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1,905
318
25* 842
68,599
82,152
!^
.©©aot»Tj<c»-<QO
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•
Champagne,bkts.
62,512
95,873
24,155
Wines
value—
$
1,033.462
832,067
120,285
Ginger
Pepper
altpetre
41,571
283.124
WoodsCork
Fustic
Logwood
Mahogany
Qo»
.fl&'OO*
«©©
.©co©
•©co
•
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,©-«-o©"«©Qr)^koo©
.c5eO©c«(J»^0»sH©r^
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0O^«
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•
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.
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.©a
‘tH
’
I
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C^©
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—
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-
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•
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•
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3'4,156
471,888
47,421
425,830
co
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.
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-
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03 C#
:r8S«
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OO
CJ
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377.579
305.941
31,332
si
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;
^
—
■
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786,694
332,092
g: ^
•
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•
574,763
230,054
132,980
O*
.©onaoaoS®1®^-®”^
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r? fc~
•
.
46.204
68,525
102,460
a
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c?
27,671
7,590,935 8,423,294
211,689
193,402
Cassia
ao
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1,322,680 1,193,594
626,717
585,941
405.123
692,204
..
-rr1
*-•
58,702
91,417
$
1,140,025
,
=
Tf'O “ CO
Kso-Wfo
'ct^l
•
Nuts.
533
1,688
675
—
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2 :
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-23.659
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— 5t
39,494
ct ©
Domestic Produce.
The receipts of domestic
produce since
-for the same period of
been
1877, have
as
•on
January 1, 1878, and
follows:
*aoao©^ —
TP ©
©tj<
.
:s?S3S3-
.
•
®|©~
to © © c* © ©
JO 03 ct © ao
rH
'© SO TP
’oT©
sosss
£zrt'i'co-rT,a)^
CrT rf”
© Ct
c3
c*
2£C)S©'r-'o
OT © —
©
'■* —
—•
Ashes
.pkgs.
3,021
Breadstuffs—
‘
Flour
Wheat
Corn
Oats
bbls.
“
“
Bye
“
Barley & malt “
Grass seed...bags
Beans
bbls.
Beas
bush.
Ooqi meal., bbls.
Cotton.
bales.
Hemp
“
Hides
Hides
No.
bales.
xflops
bales.
Xeather
sides.
Molasses
hhds.
Molasses
bbls.
3Ural Stores—
Grade
turp..bbls.
“
Spirits tnrp
Rosin
Tar........
time
Since
1877
5,119
Pitch
Oil cake
2,825,622 1,944,554 Oil, lard
bush. 38,171,064
'
\r:
TT SO
8ame
“
««
bbls
pkgs,
bbls,
'O
Jan.1/78
Same
time 1877
1,823
2,926
305,774
12,637
207,7! 1
14,065
75,723
5.959,191 Peanuts
51,178
26.530,592 23,219,56"! Provisions— bags.
9,522,06 6,8ii,uo
Butter
pkgs.
825,028
£51,622
2,494, "78
913.26 5
“
Cheese
2,152,053 1,556,703
2,926,49' 2, .-.83,140
Cutineats.. “
895,642
664,'jH
130,702
81,8 '5
Eggs
“
366,856
368,686
50.52!
53,32:
“
Pork
178,390
13 ,597
460,991
190,856
Beef
“
37.375
27,347
lo9,C98
163,173
Lard
“
537,232
265,993
517,8i0
389,419
Lard......
.kegs.
39,086
29,912
2.302
5,846 Rice
2 3,091
pkgs.
24,570
125,900
143,774 Starch
‘‘
89,990
95,940 Stearine
51,719
38,972 Suear
2,921,691 2,983.60'
Su£ar
18
363
113,676
68,112
2,073
'
55,218
286,966
14,552
2,539
Tallow
Tobacco
“
bbls.
hhds.
pkgs.
Tobacco..... hhds.
Whiskey
bbls.
55,902 Wool
bales.
230,982 Dressed hogs..No.
17.391
305,960
15,350
90U
15,562
57,385
140,15
113,699
135,937
64,999
19,807
c»
•
3
©
eta*
.
»»
ow2
Bfl4$
.
.eo^joo
© © zi
© — T*<
„©
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40 TT
._
ct ©
-© o©
*©t^.©TI<cl©©
33£:iz »o^22
;t^©©-c-^©
©
cd
t-T
—
—
•n:©-v©
©
—-°©
—
Tjf
•
33®*
^ ©
.0©
.
.
^
TJ«
-Ct5»m
-coSJg
-■
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c-
©
©
Ct
ao -©
'©■Zc •^=3.-°Tr-'*”-":R.
S*? <©
5S—
os
«g
CO
©
°t‘*iT^Z=oo
ao©'
—
Tt<
©o
© ©
<3
©
ct ao
CO ©
2:2,683
13,746
713
12,616
49,509
142,867
81,213
107,317
70,919
59,467
.
••on.'-'O<©T0©^»00©r-ciS©
©
.00©
.JS. —«
O
547
89 414
©
o”
•
•
—oo,?»ot©©aoso*>-<©«»j
•©©
© ©
—<
Tf ao SO
— © ©
— i»
<N
||fs‘s4
460,449
1,416,522 2,119,935
569,063
536,232
37,626
4l),i>5'3
Raisins..
41,360
373
212 968
Since
Jan. 1/78
CO
•
«
•
•
•
©'
461.912
Oranges.
103,503
of
;©
C?
’ T1<
©
Tin
Lemons
4,65b
2,076
3,3c4
30,020
1,1*. 5
Receipts
;
M02
2,754
4,881
792,734
30,795
535,904
291,609
4,255
999
ffair
2,902
44,530
15,571
43,097
38. >74
3,794
2.258
4,6o8
Tare
«3
•Cd^
no
specified.]
2,630
3,332
28,177
Sodaa8b
Metals, &c.—
Cutlery
10,330
43,403
3,586
3,910
3,995
29/34
Soda, sal
'.o;
tj>
•-•'flo
tp
aj OO
d“i!^
00
A
House returns,
this port since
Since
Same
Jan. 1/78 time 1877
19,577
4,622
Oil, Olive
Opium
Soda, bi-carb...
© -n
•
*
•
10
.
3,618
12,821
2,438
vGum, Arabic...,
t-
tO-rt©
*TbT
=
Tin, boxes
717.408
710,005
slabs,lbs.... 7,982,865 7,661,567
Paper Stock
93,911
138,357
38,129
agar, hhds, tea. &
4,649
23,841
18,537
2,194
Biea. powders..
—
36,618
3,8i2
Bark, Peruvian.
‘
22,499
16.453
Drugs, &c—
.
18 237
1,080,317 1,234,805
.Cotton, bales
t.
159,759
9.292
26,777
216.475
101,367
ao Of M ©
$253,214
1,626,773
•
.
© ©
(J
t*
2’Cd
•s
Glass
001- ©
©Cl©c
5,169 $1,889,98:
wben not otherwise
Since
Same
Jan. 1/78 time 1877
Earthenware..
*oct —~r©:o©©
Cl
SOom
no
Leading Articles.
following table, compiled from Custom
shows the foreign imports of
leading articles at
January 1, 1878 and for the same period ia 1877:
China
th
•
’©♦JOrJ
39.9. 5
716
•
00^
The
v
tt
.©©©TjT^r-lCl'T't
40,014
29,916
4,453
9,755 $2,080,991
©
0-
591,293
6,270 $2,218,066
$239,303
85,721
136,355
102,732
89,905
Total entered at the port. 4,193
$1,587,057
Imports
635
254
119
668
to
*■
co
ct
BXTEBBD FOB WAKBHOU8ING DUBING SAME
PERIOD.
i$Caaufactures of
—
l,626i773
4,453
6,618 $2,310,812
© ao t* t* os
.£r©©C$©X>©t-Ti<©C0r-i©©00->»TpC02!C»©
—
^©t-Ct'-T^^OO-aaC) ^ 00
'oo®Jo
woo-irfjooos
o c* cc W
© co
QO
<orHoqi-© t[ £?© i-7 **'co ©'aT-**©
©* Vi-TvO t^co of
©o' op deeded ©VTcfas'©* ©
©
“2i-inioinr-t1fjOicco^i-tx)co^i>-iQo
©;2©o©;c!i—
^^-iC-OOiOuSMOT
'.oiQot©eO'^ao;uotaQ
Ct
c-S Tram
i
•
rtHOQO
$294/66
99,503
92,474
75,449
23,901
1.817
©oo-wMaoT#©<5*«6^<'Oa5.-<&»'?Oao©'‘»3£Qt-»S'»'ei~>c#©T#
r
SAM* PERIOD.
wool
Miscellaneous drygoods.
'
659
723
269
The
FBOX WABBHOUSX AND THROWN INTO
THB MARKET DUBING THE
do
do
-
;!
1,172
1,022
18'^,571
438,767
156,680
107,091
3,417 $1,286,141
Manufactures of
j
$401,032
*
JDsoellaneoiis
-1877
*
Pkgs.
Value.
rvoL. xxvii.
•
o
:«
ii
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o-
oi^
«
m*«
-SS.
:Sg>^
s§33
IjL.fgS
Ir*l
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