The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
HUNT'S MERCHANTS' MAGAZINE..
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
27.
YORK, SEPTEMBER
Financial.
Financial.
THE
(INCORPORATED
OFFICE, No.
1
Co.,
53
1859)
STREET,
yxrAI.Ij
NEW VORK.
Plate Engraving and Printing
Steel
BANK NOTES, GOVERNMENT AND
in the Highest
safe^ards t>
Style of
prevent
the Art, with
BAILIVAY, COmmERCIAIi AND
OENERAIi PRINTING.
RAILWAY TICKETS In ONE, J WO, THREE or
MORE COLORS and numbered CamecuUveW.
XUMBERED LOCAL AND COUPON TICKETS
Pattern,
Btyte
J.
J.
H.
J.
Member N
13
T[NT3.
Asa p. PorriB,
Prest.
BOSTON
Capital,
$400,000
2*0,000
SarplDS,
63
given to
COLLECTIONS, and
BANKERS,
CEDAR STREET,
Government Bonds and Investment
Hatch
BANKERS,
&
No. 13
Btnr
Securities.
Foote,
IVALL STREET,
AND
MISCELLANEOUS SECURITIES.
Correspondence
R. A. Lancaster & Co.,
BANKERS AND BROKERS,
66 BROADWAY, NEW YORK,
DKALKRS IX
Securities.
OOVKUN.MENT BONUS, STATE, CITY, COUNTY,
RAILROAD ft MISCELLANEOUS SECURITIES
Peck, Gilbert
No. 16 Broad
St.
&
Co.,
(near YTall),
BANKERS AND STOCK BROKERS.
NEW
StocVs bought and sold on the
YORK STOCK
EXCIIANGK on a margin of 3 percent, if desired.
Kqu;il attention given to small and large Investments.
Any Information given personally or by mall.j; First-
Chas. T. Wing,
aOUlHERN SECURITIES A SPECIALTY.
New York,
IN BO.VDS.
BUYS AND SELLS SPECIALLY THE FOLLOW-
LOANS NEGOTIATED.
&
CHRISTENSEN,
GEORGlE L. BRANDKR,
0. T.
Co.,
INVESTMENT SECURITIES.
Special attention to business of country banks.
I
t
"
A»ent«
^
Issue Commercial and Travelers' Credits arallabla
In any part of the world. Draws Exchange, Foreign
and Inland, ani makes Trans.'ers of Money by Tele*
graph and Cable. Gives special attentlen to Gold and
Silver Bullion and Specie, and to California Collee
tlons and Securities and arranges to pay Dividend*
on such securities at due dates.
;
SMITH,
Bankers, London,
do
New
da
PATNB
SMITHS,
ft
UNION BANK OF LONDON,
do
York, The
BANK of NEW YORK, N.B.A.
Gwynne & Day,
[Established 1854.]
-
No. 16 IVall Street.
Transact a general banking and brokerage buslneM
In Railway shares and bonds. Government SecnrlUei
and Gold.
Interest allowed on deposits.
Investments carefully attended to.
NEW
YORK,
134 Pearl
BOSTON.
Street.
TO State Street
&
GOSSLER
Co.,
COBEZ9POXDKXT9 OF
International
Bank
Hamburx and
of
London, (I.lnilted.)
HOUSE IN EUROPE,
JOHN BERENBERG, GOSSLER & CO
HAMBURG.
J.
HIXOSTLBB.
c. F.
KCKHsounnnn
Haar & Co.
BANKERS AND BROKERS,
45 WALL STREET.
DEALERS IN SPECIE AND UNITED STATES
SECURITIES. Buy and sell Stocks, Bonds, and Oold
for cash or on margin.
orders for Investments.
Sptclal attention paid to
URDERS EXKCUTED AT THE PHILADELPHIA
AND BOSTON STOCK EXCHANGES
57 Broadway,
BROKER
Bankers and brokers,
7 WaU St., Cor. New, New York.
3 ,000,000
class references.
Bought and Sold on Commission.
Virginia Tax-ReceivabU Coupont Bought,
A. H. Brown
(invested in
U. 8. Bonds)
8XIJ,
GOVERNMENT BONDS, GOLD, STOCKS AN
iBTltml.
Flrst-CIass Investment
Co.,
$10,000,OCO Gold.
..
Surplus,
In addition lo a General Banking Business, buy and
rompt remittances made on day of payment.
business paper discounted.
&
Oilman, Son
sell
BoMon
Bostwick,
Southern and Western State, Municipal and Railroad Securities made a specialty.
MlDlng Stocks bought and sold at New York and
San Francisco Exchanges.
Correspondence solicited.
Secretary.
Sam'l Phuxips, Caahler.
.
02 Wall Street
Agreiicy,
Capital, paid up.
Stocks, Bonds, Gold and Government Securities
bought and sold for cash or on margin.
Maverick National Bank,
Special attention
&
BHOAD STRBET, NEXT TORK.
Pres't.
Vlce.Pres't.
CLRRIER,
BOSTWICK.
r. Stock Exchange.
8. B.
Pfetty
SIIKPARD, Treasurer.
JNO. E.
N. PKTTT.
or Device,
VAN ANTVTERP,
mACDONOI'GH,
A. D.
New York
Sound railroad and municipal bonds negotiated.
Funds carefully Invested In Western farm mortgages, and the Interest collected.
special
SECURITY PLATE PRINTINO.
SAFETY TISTS.
SAFETY PAPERS.
Size,
OF SAN FRANCISCO.
Act as agents for corporations In paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securities bought and aold on
Connterfelllng and
WITH STEEL PLATE
The Nevada Bank
York.
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Alterations,
Any
BANKERS,
nrilltam Street, New
Co.,
commission.
CORPORATION BOSD3,
CERTIFICATES OF STOCK. BILLS OF EXCHANGE
POSTAGE AND REVENUE STAMPS,
PROPRIETART AND TRADEMARK STAMPS
690.
Financial.
&
Paton
Jesup,
BantNote
National
NO.
14, 1878.
CA^ Co.
BANKERS,
IN a SECURITIES:
Columbus A Hocking Valley Railroad Bondp.
Columbus A Toledo liallroad Bonds.
Columbus ChlcaKO A Iml. Ceniral Hallway Bonds.
Col. & ludtanapolls IIU. Preferred ami Com. Bonds.
IndUna Central Itallway 10 Per Cent Honds.
&, Indianapolis Centriil Railway Ists and 'jjs.
Union ft Logaosport Railroad Honds.
Toledo Logansnort ft Burlington Ifallroad Bonds.
Cincinnati ft ulcago Air Line liailroad Bonds.
Chicago ft Great Eastern Jisllway Konds.
Indianapolis loomlngton ft Western Kflllway Bonds.
Daavllle Urbana Bloomlngton ft I'ekln HK. Bonds.
f'rderi and Corre^(mdence SoVctted.
Latent inrorin<tUonwtth regard to Roads or Sonde
Col.
COR.
OF WALL STREET AND BROADWAT,
Neir York.
Transact a General Banking Business,
Inchidtiiff
tha
BONDS and GOLD
purchase and sale of STOCKS,
(.
Charles G. Johnsen,
nERCHAKT AKD BA^TKER,
cheerfuUl/furni/ihed.
REFERS BY PERMISSION TO
St. KioHOLiB National Bank. New York,
A. M. K'DDEB ft Co., New York,
DAT ft IlKAToN, New York,
166 QRAYIER STRSBT
HEW ORI.BANS
t
I.A.
W. H. NxwBoi.ns, Sox ft Co., Philadelphia,
Qlouc Natiokal BAbK, Boston.
for cash or on a margin.
InTestment Securities For Sal*.
p. O. BOX 2,(47.
A. M. KlVDSS.
McKim
47
C.
W JIcLlLLAIf
,
W. TBASX
Jx.
Brothers
BANKEBS,
Wall Street, New
&
Co.^
York.
:
;
THE CHRONICLE
u
Canadian Banks.
Canadian Banks.
Bank of Montreal.
Imperial Bank of Canada
Foreign Exchange.
&
Morgan
Orexel,
Co.,
STREET,
WAI.Ii
Capital,
CORNER OF BROAD, NEW YORK.
&
Drexel
No.
34
& Co
Drexel, Harjes
Co.,
South Thied
CAPITAL,
SURPLUS,
31
Boulevard Bauaemann
QEOHOB STEPHEN,
Paris.
I
Attobnktb and Agbntb of
& CO.,
nieasrs. J. S.
nORGAN
OLD BROAD
LONDON.
ST.,
its,
IV.
Co.,
j-*-^*""'
Sterling Exchange, Francs and Caljle
grant Commercial and Travelers' Credavailable in any part of the world issue drafts
London
in
Agents In London:
BosANQUET, Salt & Co.,
93
Lombard
D. «.
WILKIB,
Cashlel
m
Promptest attention paid to collections payable
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States bj
gold or currency draft on New York.
The Bank
of Toronto,
CASf AD A.
Capital,
No. 9 4{lrchin Lane.
Agents In New York:
Bank of Montreai.,
59 Wall street.
street.
Chicago and throughout
of Canada.
Office,
;
OFFICE, TORONTO.
;
Dominion
the
Y.,
.„._,.
)
;
on and make collections
&
Brothers
No. 59 AVAIil. ST.,
Smithbks,
Waltbb Watson,
eell
HEAD
Dealers In American Currency and Sterling Exchange-
General Manager
WALL
Bny and
$1,000,000.
ROWLAND, President
ANGUS,
C. F.
Transfers
S.
BeaNCHks:— ST. CATHERINES, PORT COLBORNE,
ST. THOMAS, DJGERSOLL, WELLAND.
ITBW YORK OFFICE,
STREET.
Nos. 59 & 61
Deposits received subject to Draft. Securities. Gold.
&c., bought anfi sold on ComraiBEion. Interest allowed
on Depositfi. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available In all parts of the world.
H,
President
H. B.
DOMESTIC AND FOREIGN BANKERS.
Brown
$12,000,000, Gold.
5,S00,000, Gold.
|
St..
Pbllade]plila.
No. Sa
[Vol. XXVII.
Reserve,
$2,000,000.
HEAD
$1,000,008.
OFFICE, 1 0RONTO.
DtlNOAN Coulson, Cashier Hugh Leach, Asst. Cash
Branches at Montreal, Peterboro, Cobourg, Port Hopfr
Barrle, St. Catharines, ColUagwood.
;
Issne, against cash depoBlU'd, or satisfactory guaran-
tee of repayment, Circular Credits for Travelers, In
dollars for use In the United States and adjacent
countries, and In
of the world.
pounds
sterling for use In
any part
THEY ALSO ISSUE COMMKRCTAL CREDITS
MAKE CABLE TRANSFERS OF MONET BBTWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
S.
&
G.
G. C. Ward,
AGKNT8 FOB
BARING BROTHERS & COMPANY,
62 WALL STREET. NEW YORK.
28 STATE STREET, BOSTON.
J.
&
Stuart
J.
&
Co.,
AOSBTCV OF
No. 52
EXCHANGE ON
SniTH, PAYNE & SMITH'S,
BANKERS, LONDON
MANCHESTER & COUNTY BANK,
" LIMITED'.'
JOHN STUART & CO., Bankers,
MANCHESTER, PAYABLE LN LONDON
ULSTER BANKING COMPANY,
CABLE TRANSFERS AND LETTERS OF CREDIT
Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MacTAVISH, J ,„._,.
WM. L.\WSON,
BANKERS,
S»
NEW
YOP,K.
ad
No.
Co.,
No. 8 TTalf Street, New York,
4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
MUNROE
CO., PARIS.
STERLING CHEQDBS AND BILLS AT SIXTY
DAYS' BIGHT ON
Sc
ALEXANDERS &
CO.,
Buys and
Sells SterllHg
Transfers of Money,
issues
Knoblauch
Lichtenstein,
BANKERS,
M9 'WllUam
St., cor.
NEW
Excbange Place,
YORK.
MaSe Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters of
•11 principal cities of Europe.
LV
8PECLAL PARTNER,
Berlin.
JBBUXSCHK BANK,
Exchange, and makes Cable
Commercial Credits available everywhere.
J. G. HARPER, (.„„„,.
J. H. GOADBf.('^«'=°*=-
Merchants' Bank
Credit
Anversoise,
Capital,
.
BJ
Antwerp.
Paid-Up Capital,
9,000,000 Francs.
-
BOABD OF DIRECTORS
Felix Grisab, President.
Alfred Maqdinay {Graff & Maqulnay), Vlce-Pres,
J. li. Von tek Bkckk (B. Von der BeckeJ.
Otto Gunthkr (Cornellle-David).
Em[ie de Gott\l.
AD. Frank (Frank, Model & Cle.)
Aro. NoTTEBOHM (Nottebohm Freres).
Fh. Dhanis (MIchlels-Loos).
JoH. Dan Fuhrmann, Jr. (Joh. Dan. Fuhrmann).
LoDis Webkr (Ed. Weber & Cle.)
Jules IUutenstrauch (C. Schmld & Cle.)
TRANSACTS A
GENERAL BANKING BUSINESS.
Adolph Boissevain & Co.
OF
CA
A D A.
BANKERS
AND
$5,461,790, Paid Up.
President, the Hon. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Esi).
OFFICE, MONTREAL.
GEOKGE HAGUE, General Manager.
WM. J. INGiiAM, Asst. General Manager.
COMMISSION MERCHANTS^
AMSTERDAM, HOLLAND.
N. Y. Correspondents.— Messrs.
BANKERS.
ENG—The Clydesdale Banking Co.
Henry
change, Cable Transfers and Gold, Issues Credits
all parts of the world, makes collections
Canada j>nd elsewhere, aid Issues Drafts pay.ible
at any of the offlccs of the bank In Canada
Demand
orattB Issued payable In Scotland and Ireland, and
every description of foreign banking business undertaken.
available In
In
New York Agency, No.
52 Trilllam St.,
wltli Messrs. JESUP, PATON &. CO.
Exchange Bank
OF CAWABA.
Capital Paid
HEAD
M. H.
GAULT,
LONDON.
ClBOnLAB Notbs ahd Cbbdits roB Tbatblbes.
&
Centrale
National Bank of the Repuollc.
The New YorK Agency buys and sells Sterling Ex-
Issue Letters of Credit for Traveleni,
&
$6,000,000 Gold.
$1,900,000 Gold.
Surplus,
NEW YOKK-The UanK ot New VorK, N.%. A,
Payable In any part of Europe, Asia, Atrloa, Australia
America.
Draw BUls of Excliange and make telegraphic translei 8 of money on Europe and California.
John Munroe
WALL STREET.
Capital,
LONDON,
EXCHANGE PLACE,
CORNER- BROAD STREET.
Agents.
i
The Canadian
Bank of Comm-erce,
HEAD
J. &W. Seligman&Co.,
Bankers.
Banque
Demand
BELFAST, IRELAND
ANB ON THB
ALSO,
Foreij^n
rates; also Gable Transfers.
;
NATIONAL BANK OF SCOTLAND.
London, England.— The City Bank.
Bank of Commerce,
Vkw
KKw Tdrit
loKK. \ National
j ^,
p^ smithers and W. Watson.
Collectlonsmade on the best terms.
'WALL STREET.
Commercial Credits issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought nd sold at current
No. 50
BILLS OF
BANKERS:
Bank of British
North America,
NASSAU STREET.
33
TH£
Up
-
-
$1,000,000.
OFFICE, MONTREAL.
Pres't.
C.
R._MUHRAy,
Co.,
BANKERS,
In all parts of the
Grant
world.
COMMERCIAL CREDITS
for
use agalntl
Consignments of Merchandise,
Execute Orders on the London Stock Exchange.
Make
Collections on all Points. Receive Depot t
and Current Accounts on favorable terms, and do a
General London and Foreign Banking Business.
KING, BAILLIE &
CO., Liverpool.
NEW YORK CORRESPONDENTS,
Me»»r». 'WARD, Ct.nPBELL &, CO,
Boston Bankers.
Parker
BANKERS,
Bny and
78
&
Stackpole,
DEVONSHIRE STREET
BOSTON,
Sell
Western
City
aud
County BondR.
NEW YORK.-The National Bank of Commerce.
Messrs. Hllmers, McGowan & Co.
CHICAGO.—Union National Bank.
BUFFALO.— Bank of Buffalo.
Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
Collections made promptly and remlttefl for at
low-
est ratea^
&
46 Pall Mall, London, England.
Issue CIRCULAR NOTES fretuj cAai'tfe, available
Cashier.
AaENTS:
QUEBEC (CITY).— Owen Murphy.
NOVA SCOTIA.—Merchants' Bank of Halifax.
FOREIGN AGENTS:
LONDON.—The Alliance Bank (Limited).
King
S.
BRASCHES:
Hamilton, Ont.; Atlmbe, Ont.; Pakk Hm, Oht.;
Bedford, P. Q.
BLAKE BROS. & CO
Chas. A. Sweet
&
Co.,
BANKERS
40
STATE STREET, BOSTON.
DEALERS IN GOVERNMENT
State, City,
County and
SECD.IITIES, Gold
liallroad Bonds.
8BFTBMBKR
THE CHRONICLE.
14, 1878]]
iii
Boston Bankeri.
California Banks.
Massachusetts
Loan & Trust Company,
The Bank of California, San Francisco.
IS
Laidlaw & Co.,
••.••-.
BANKERS,
Treuuror.
Loan! mads vpnx tiki on Staple Merchtndliie,
«Uher upon Hills of Ladliic or Warehouse ICeoelpls.
Kxnr.Noa of Cnltatoral,orprepa7menUln part or
for entire loans allowed.
Allow iKTiaaaT on all payments made before
maturltjr of loans.
CORRESPONDENCE SOLICITED.
eao. Wm. Baixou.
OaoBsa H. Bolt,
Member N. T. Stock Exchange.
Oeo.AViii.ltalloii&€o
WALL STREET,
New
13
DKVONSHIRK
&
Co.,
ITIaas.
Dealers In Stocks, Bonds, Gold sad
Orders eiecnted on Commission at Brokers
Board
J.
INVESTMENT
and
Buy and
N. \
.
VIBGINLA SECURITIES
solicited
and
Inforniatlon
a
sell
Railroad Investment Securities.
BANKERS,
&
Co.,
mOBILE, ALABARIA.
^ymeat.
—
CorreBpondents.
German American Bank.
Louisiana National Bank, New Orleans
•I Liverpool, Liverpool
;
:
New
Bank
, B. Bbrbdsb,
A. K. Walksb, Cashier,
First National Bank,
Pren't.
WII.JJIINGTON, N.
Colloctions
made on
all
C.
parts of the United Statea
VHE CITY BANK OF HOUSTON,
Hou
TON
Tex as.
Tf e give special attention to coUecUons on all accea.
Bole points.
DiRRCToRs.-BenJamln A. Botts. Pres't: C.S.Long???f' *^;': H"t;"ln».F.A. Rice, C.C. Baldwin, W.B.
^^^'- ^- BOTTS, Pres't.
», *' w't-l-u'S",'.'*'::.
»
r.
WEEMS,
r. Pk.vzxl,
President.
I
1
Walku
STATE BANK,
Incorporated
l»i5.
C. T.
Cashier.
German Bank,
LITTLE ROCK, ARK.:
CAPITAL
(Paid-in)
8<^'»^"8
$75,000.
25,000.
I*ronipt attention given to all bnslness In
N. V. CoRRisposDKxTs, Donuell,
the
MetropoUun Natlonal^ank.
&
Grant
No. 33
SODA.
New
Old
Slip,
The Jobbing Trade
ONLY
Tork.
Supplied.
Turner
&
Co.,
Manufacturers and Dealers In
COTTONSAILDUCK
And
all
kinds of
COTTON CANVAS, FELTING DUCK, CAR COVER
mo, BAGGING. RAVENS DUCK, SAIL TWINES
*C. "ONTARIO' SEAMLESS BAGS,
'AWNING
Company,
our Una.
Lawson & Co. and
%VAI.I.
STRIPES.'
Also, Axents
United Statea BantlnK Company.
A
fall
supply
all
Widths and Colors always
No. 109
Duane
In stock.
Street.
B. SlTTD VH
GbANT.
IflANCIIESTER
STREET,
TRANSACT A GENERAL BANKING BUSINESS.
STOCKS BOUGHT AND SOLD ON C!.iMMI8SION.
INTEREST ALLOWED ON DEPOSITS.
G. 3T.
JOHN
SitBF? ELD.
Locomotive
Works,
MANUFACTURERS OF
liocomotlvea and Amoskeag steal
Fire EnKlnea,
MANCHESTER, N. H.
W. G. I«IEAN9,
Trask
6c Francis,
AREKTAS BLOOD,
Superliitendfnt,
BANKERS AND BROKERS,
Manchester, N. H
70 Broad%vay & IS New St., New York
Transact a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold on
Commission, and carried on Margins.
Deposits Kccelved and Interest Allowed.
tW~ Accounts of Country Banks and Bankers re
Treasurer.
40
Water
George A. Clark
street,
&
Boston
Bro.,
celved on favorable terms.
H.
L. Grant,
No. 145
BROADWAY,
NEW YORK.
CITY RAILROAD STOCKS & BONDS
niLlYARO'S UKLIX NEEDLES.
400 BROADWAY, NEW YORK.
BOUGHT AND SOLD.
Cashier.
il.
Co.,
SITPE B-C ARBON ATE
All business relating to the Construction and Equipment of Kallroads undertaken.
Capital, $500,000,
S
&
BANKERS AND BROKERS,
Special attenl/on paid to collections, with nromnt
lemUtonoesat current rates of exchange on day of
rork
New York.
MAITOFACTURERS OK
JOHMSTOWN, PEAN.,
Bankers.
MILLXK, a ^. WIIT.IASH. JNO. W. jaLUII.
CHA8. B. MILLKB.
Thos. P. Miller
St.,
John Dwight
PITISBUHOB, PElfN.
ST.),
stocks and Bonds promptly executed at
K ork Boards.
Soiilherii
CO., or China,
Sc
104 ITall
Col-
Edgrar Tliompson Steel Co. (Limited),
a* PhiladelphU and New
p.
RIPRKSXITTKD BT
OI>irPHANT
Brinckerhoff,
Cambria Iron Company,
fur-
Bell
Austin,
J.
STOCK BROKER,
•08 WALNUT PLACE (316 WALNUT
PHII,ADEI,PaiA.
»B0».
Canton, China.
ST.,
Aim TBS
In
Kone KonK, Shanghai, Foochow amA
Co.,
Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL RAILS made by the
CoKKxspoKDKNTs— McKlm Brothers * fo.
Orders
Co.,
ect
bai.tik.ore.
Correspondence
Ished.
41 CEDAR, COR. WILLIAM
Newr Tork.
Co.,
bankkk8 and buokkrs,
ipedalty.
&
BANKERS AND IHERCHANTS,
Baltimore Banker§.
&
2,«3«.
COMMISSION MERCHANTS,
No. It
&
BOSTOlf.
Olyphant
Cathler.
Kennedy
S.
K.T.
Parker,
Post Office Box
Bankers nnd Brokers.
iQTestmest Secnhtles constantlv on han<.
Vat» St.,
'iCt
ExchanKe Place,
l
Auctions, and Private Sale.
Wilson, Colston
14
FUKD'K F. LOW,
,,
KJNATZ 8TK1NHART, t"*""*"'-
LtLIKNTHAL.
Jl.,
COMMISSION MERCHANT,
NEW TORK Agents, J. & W. Selii?man * Co.
Authorized Capital, - - $6,000,000.
Paid-up and Reaerve, - 1,65 0,000.
P. N.
Houk Kons.
Ofllce,
W. POMRROT
Charles E.
(LIMITED),
CommerctaJ
•aper.
Pliila. dc
8.
Transact a general Banking bu«lness. Issae Com
merclal Credits and Bills of Exchange, available In all
parts of the world. Collections and orders for Bonds.
Stocks, etc., executed upon the most favorable term*.
CONGRESS STREET,
Boaton,
Head
Parllrnlar attention {riven lotliepnrcha«e and >ale of minlnE Stock* In San
Franoiaco, for which we have the beat
Anglo-Californian Bank
BANKERS,
No. 35
Banking Corporation,
;
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California St
New
cw Vurlc
Vurk A,<<-n<.\,<<-n<rr
B. W.I'OMKItoy
I'OMKHoV J»_
108 Waraa St., ». T
Hong Kong & Shanghai
Receive deposits and transact a general banking
business execute orders at the N. Y. Stock Exchanire
for Stocks, Oorernmont, SUte, Municipal and Railroad Bonds and Gold.
THE
Municipal Bonds.
)i
S
ST.,
BANKERS AND DEALERS IN
Brewster, Basset
Iliinton
-.. ..K''ncT,
Aki'Hcx,
MUKUAy
koKiIks.J
» CaariAL Stmit.
AGENTS FOR THE BANK OP CALIFORNU,
No. 13 Pine St., New York.
BoMon,
Vork,
AND SHIP AHENT8,
Hona: Konar, Canton, A mojr, Pooehow.
Nlianiclial and Hankow, China.
J.
facllltlea; aleo all other California Securities.
Issue Bills of Exchange, LeMors of Credit and Telegraphic Traiitferi on London. Vokoharaa, Bhangbal,
Uong Kong, Honolulu, Virginia City and San Kran
Co.,
commissioN .iierchants
J«.,Asat. Cashier
T
President.
6
MURliAY,
&
Russell
CariTAL, Paid vr in Qoi.d, $5,000,000.
WM. ALVOKD, President. THOM A3 BROWN, Cash'r
1).
POST OFFICE 8QUAKE,
It O H
O i\ .
Charlorod In 1870.
CAPITAL,
$500,000.
STEPHEN M. CK08DV.
OKJ. WCODS RICE.
No.
Commercial Cards.
See quotations of City Railroads In this paper
John
F. Wheless
&
E.R.Mudge,Sawyer&Co
AGENTS FOR
Co.,
Waahlnctoii mil*. Clilcopee nrc O*.,
Bnrlinston Woolen Co.,
mierton K'ew
COTTON
COnmSSION nERCIIANTS,
NASHVILLE, TENNESSEE.
Special attcnt'on given to Spinners' orders.
spondence
Corre-
8-jIlcltcd.
RKFSBXNCKs.-Thlrd and Fourth National Banks
and Proprietors
of
Tux Chiokiou,
-
,
i,
.tiiiIk,
Atlunllc 4'oiton mils,
Saraiosa Victory Sttg Co.*
AND
Hoalerr, Shirt* and Dravrers
From Various MUla.
BOSTON,
NEW YORK.
is CiLAvxaaT 8t.
a Ws tb STBaar.
FHLLAUKLPHLA,
KW. OAXION. aM CauruuTSTBUT.
:
:
THE CHRONKXE.
IV
R.T.Wilson
&
UNION TRUST
Co.,
BANKERS AND COMMISSION MERCHANTS,
a Excbange Court, New York.
WALBTOS
H.
FBKD. A. BBOWS.
BEOWH.
SPECIAL ATTENTION GIVEN TO THE NEGOTIA
TION OF
BAII^BOAD SECURITIES.
HilmerSjMcGowan & Co
No. T3 Broad-way, Cor. Bector
LEGAL DEPOSITOBY FOB MONEY.
Interest allowed on Deposits, which may be made
and withdrawn at any time.
». .k.
N B —Checks on this Institution pass through the
Wm. Whitewbight,
Cor. of Montague
This
BANKERS,
STREET, NE\r YORK,
la UFALI.
Iisne Letters of Credit, available In
Time and Sight
Bills
all
parts of the
on the TINION
Cable Transfers made.
BANK OF LONDON.
Albert E. Hachfield,
York, a distance of about 103 miles.
throuch
Secretary.
Clinton
Brooklyn, N. Y.
sts.,
charter to set
guardian, eiecuior or adminls-
It can act as agent in the sale or management of real
estate, collect interest or dividends, receive registry
iai transfer books, or make purchase and sale of Gov.
ernrv tilt aid other securities.
Religious and charitable institutions, and persons
unaccustomed to tne transaction of business, will find
this Company a safe and conveaient depository foi
HIPLBY ROPES, President.
money.
CHAS. R. MARVtN, Vice-Pres t.
EoeAB M. COLLXK, Counsel.
DEALS IX
Flrst-ClasB InTestment Secnrities,
CITY BONDS OF ALL KINDS,
RjoutOAD Bonds and Bofthbrn Ssoukitixs of
\r ANTED.
Bdmund W.
Austin Corbin.
Wm
R.
Geo. H.
Room
Corlies.
ftpcretarr
BTiNKKK.
Prentiss,
BROAD STREET.
30
it
pany
is
and
Centra!,
England bntlceea
control as the
already earning a
is
over the interest on
its
mortgage
A
the shortest and most
Mew
same
nnder the
The com
New York
snrplas
lare;e
bonded debt. The bonds
the rate of $20,000 per
lien, at
are a
first
mile,
npon the road and
equipment.
its
We
have
already sold over $450,000 of these bonds, and hare
only a limited amount for sale, at 90 per cent and
accrued interest.
WALSTON
BROWN &
H.
BRO.,
No. 34 Pine Street.
CHICAGO & ALTON RAILROAD
Six Per Ct. Gold Sinking Fund Bonds,
UNITED STATES TRUST
Free of
28.
Bonds due
CO., Tbcsteji.
all Taxes, unposed or to be imposed.
1903. Interest payable May 1 and Nov. I.
These bonds are a direct obllgaHon of the Chicago
Alton RK., and have a first lien over the Chicago
Kansas City ft St. Louis RR.— 162 mlles-ln Missouri.
They are recommended as a safe and desirable Inft
Railroad Bonds, all kinds.
Toledo Logansport & Burllneton Bonds.
Kansas Pacific Iiallroa<i Honds.
Union & Logansport Bonds.
Indlanapells & Vlncennes Bonds.
Soathem
GAS STOCKS
vef-tment.
For sale at par
A SPECIALTY.
A. C. Burnham,
link between
Railroad and the Atlantic
bomirg from the SouthweBtern States.
Alei.McCne,
Chas. R. Marvin, A. A. Low.
John P. Rolfe,
Thomas Sullivan, Aim. B. Baylis, HenryB.Sheldirn
U.E. Plerrepout, Dan'l Chauncey, John T. Martin.
Joeiah O. Low, Ripley Rooes.
Alex. M. White.
AU. Descbiptions.
New
passes
It
the Genesee and
valleys of
rich
direct route for all the
Henry Sanger,
J.S.Rockwell,
the
Great Western, making
TRUSTEES
STREET, NEXT IfORK,
WAIili
18
Geo. Cabot Ward
Theodobe Roosevelt.
Company is authorized by special
as receiver, trustee,
A State Line SaUway mns from the
the New York Central
Samuel Willbtb,
Wm. Whitkwright,
OGILVIE,
ft
T/u Bockester
City of Rochester to Salamanca, in the State of
Wyoming, and forms the connecting
EXECUTIVE COMMITTEE.
M. McLean,
AtJGtJSTUS SCHELL,
Wesley,
Williams
J. H.
ROCHESTER & STATE L,I!«E
RAILWAY COMPANY.
2d Vice lYeaUlent.
J.
E. B.
G. G.
Seven Per Cent Bonds
P,-esule<it.
The Brooklyn Trust Co.
Kountze Brothers,
also,
EDWARD K^G,
M. McLeau, Ut Vice-President.
3.
Com
merclal Mils.
world;
$1,000,000.
-
.
Authortzed by law to act as Executor, AdministraGuardian, Receiver, or Trustee, and is a
Clearlng-House
Mortgage
First
OF THE
rr
.
tor,
2,847.)
Special »tte»Uoii paid to the negetlatlon «t
-
St.
HAS SPECIAL FACIUTIKS FOR ACTINQ AS
BROKERS IN
FOREIGN EXCHANGE AND GOLD,
63 W^aU Street, New York.
BOX
CO.
YORK,
Tran§fer Agent and
Registrar of Stocks.
BANKERS,
Pine Street, New York.
(P. O.
NEW
OF
CAPITAL,
WalstonH. Brown &Bro.
34
Financial.
Financial.
Financial.
XXVIL
[Vol.
and
Interest.
JESUP, PATON
Brooklyn Secnrttlea Bongrlitand Sold
No.
5a
A;
CO.,
WILLIAM STREE T. NEW YORK.
CHAMPAIGN, ILL.,
BLOOMINGTON AND
1861.]
Gas, Insurance Stocks,&c INDIANAPOLIS
OFFERS FOR SALE
WESTERN RAILWAY.
J. p. WIXTRINGHAM,
FIRST mOBTGAGE
REAL ESTATE
UTo the Holders of Ihe Danville Urbana BloomingCOUPON BONDS,
WestPekin and Indianapolis Bloomington
ton
No. 36 PINE STREET.
[EstaWiBhed
amounU of
TEN
E.
Bailey,
S.
7
at Auction.
PINE STBEET.
Dealings in
Stocks
Insurance
A SPECIALTY.
Cash paid at once for the above Securities or tnej
will be sold on commission, at seller's option.
Defaulted Bonds.
;
Special attention given to Compromising, Funding,
Buying or Selling Missouri County, Township and
Municipal Defaulted Honds.
Holders ano dealers would consnltthelr interests by
conferring with us. Reliable Information cheerfully
famished.
P. F. KELEHER Sc CO.,
BANKERS AND BROKERS,
ST. LOUIS.
Alabama, South Carolina & Louisiana
State Bonds;
A; Gt. Northern,
New Orleans Jackson
Mississippi Central, and Mobile
& Ohio Railroad Bonds
City of New Orleans Bonds.
LEVY & BORG,
&
36
WALL STREET.
STOCKS
Wanted Money
BONDS
and
TO LOAN ON APPROVED SECURITY KJ
NEBRASKA AND DAKOTA.
At Auction.
10 TO 12 Per C«nt Guabanteed.
FOR SALE.
A Choice lot of Lands In difterent parts of the
West. Also, Western Securities. A Choice Invest
jnent. Address, for full particulars,
D. H.
TALBOT,
September
Instant.
INew York, September
The
nnderslgned
hold
SALES
of
REGULAR ADCTION
all
7, 1878.
)
AUSTIN COKRIN,
GILES E. TAlNToR, } Committee.
JOSIAB B. BLOSSOM,
J
ESTERN UNION TELEGRAPH
W~ COMPANY, Tbeashbeb's OrFiOE, New Yobk,
Sept.
II, 1B78.
DIVIDEND
No.
45.
The Board of Directors have declared a Quarterly
Dividend of ONE AND ONE-HALF PER CENT upon
the Capital Stock of this Company, from the net earnings of the three months ending Sept. 30, instant,
payable on and after the 15th day of October next, to
shareholders of record on the 20th day of September.
For the purpose of this dividend, s""! .<>''''
Vl',">j'';|S'
meeting of the stocknclders, to be held on WEDNESbooks will
DAY, the 9th of Oc ober next, the transfer of
the 20th
be clised at .1 o'clock on the aftcrnron
on the morning of the lt>th or t'ct,
lust and opened
J.
K. u. KOCHESTEIt, Treasurer.
classes of
AMERICAN
STOCKS AND BONDS, THE
TIONAL BANK, New
EXCHANGE
York, August
General Land, Scrip and Warrant Broker,
DUMONT CLARKE
Slonx CIt7, loiva.
Reference.— First National Bank, Sioux City, Iowa.
WANTED
Kepudl.ted bonds.
WEDNESDAYS AND SATURDAYS.
:
Minnesota State
Atchison ft Pike's Peak Hallroad Bonjs.
Chicago & Canada Souihern Railroad Bonds.
Texas Paclflc RK. Land Grant Coupon Bonds.
City, County and Town Bonds of Ohio, lowa ft WlB>
Louli<vlne& Nashville RH. Stock.
Northern Pacific HR. Preferred Stock.
Kansas Pacific liallroad Honds. alt Issues.
Oregon Steam Navigation Co. Stock.
All Kallroad Bonds endorsed by Michigan Cent. RR.
Danville Urbana & i^loomlngton Railroad Bonds.
Town Bonds N. Y. State. Houston & Tex. BR. Bonds.
ADRIAN H. mVLLER &
Jersey City 78 and Louisville 7 per cent, bonds.
Win. B.
3l Pine St., N.
INVESTMENT
FOB SALE:
DTLEY,
the Central Trust Company, and all who have not,
and who desire to be protected In the purchase of the
road, at the approaching sale on the Ist of October
next, must sign the agreements and deposit their
honds in the Trust Company before the 8Sth day of
WAKTED
;
lODTA,
ern Consolidated First and Second Mortgage Bonds
Main Line ;—
The_supplement3l agreement of .July !5, 1S18, has
been slgLcd by holders of a large majority of both
classes of (iret Mortgage Bonds, and deposited with
;
References.—Messrs. Clark, Dodge & Co., Speyer
New York E. W. Clark & Co., Philadelphia.
Co.,
Bought
Securities
SnitNHAM, TREVETTit UATTIS, Champaign, HI.
BVR^UAM <t TULLEYS, Council Blujfa, Iowa.
BURSHAM <t BEYER, Grinnell, Iowa.
BVBNIIAM, (jRJfSBY <t CO., EmmeUsburg, lowa.
AU these loans are carefully made, after personal
Inspection of the security, by members of the above
firms, who, living on the ground, know the actual
Talae of lands and the character and responsibility of borrowers, and whose experience In the business for the past SIXTEEN YEARS has enabled them
to give entire satisfaction to Investors.
ft
ft
»1,(!C0 and upwards, yielding EIGHT to
per cent semi-annual Interest, and negotiated
through the houses of
In
T.
No.
J.
t PINE STREET,
SON,
NEW YORK.
Alden Gaylord,
33
WaU St., New
York,
DBALEB IN
ST. LOUIS CITY &. COUNTY BONDS
ALL GLASSES OF
this
bank
ft
MISCELLANEOUS SECURITIES
W. 8, Nichols * Co.; Bankers
NA—MR.
has been appointed Cashier of
In place of
Mr.EDMOND WILLSON. who
to retire
has been compelled, by reason of ill-health,
from active business.
GEORGE
S,
COE, PreMdent.
-I
CO-PARTNERSHIP NOTICE.
Mr. A. L.
have associated with me in business
STARR «
LEMAN, under the firm name of H. H. personal
CO and we trust, by our unitel efforts and
busisatisfaction to all
aticntlon, to give entire
•
ness entrusted to our caie. Yours «»P''^"""f
AKO
Refers by pennlsalon to
30, 1878
Macon, Ga , Sept.
5,
1878.
H. H. STAKlt,
A. L. LEMAN.
'
IjfinanrlaD
HUNT'S MERCHANTS' MAGAZINE,
EPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UJSlTED STATES.
VOL.
SATURDAY, SEPTEMBER
27.
NT
E NT8
THE CHRONICLE.
C O
Suffering South— A Central
Relief Bureau
363
Substitute for H»nk Circulation 264
Cotton Movemcut and Crop of
1877-18
The
from January 1 to August 31
2T1
Latest Monetary and Commercial
.
|
I
|
I
English
I
.
News
Commercial
!
272
and
Miscellaneous
News
I
274
THE BAKKERS- GAZETTE.
Money Market, U.
S.
Securities,
|
Railway Stocks, Gold Market,
Foreign E.xchange. N. Y. City
Banks, Boston Banks, etc
275
|
Quotations of Stocks and Bonds... 578
Investments, and State, City and
Corporation Finances
279
|
THE COMMERCIAL
Commercial Epitome
i81
Cotton
282
286
Breadstuff*
I
TIMES.
Dry Goods
Imports, Receipts and Exports.
..
.
in
287
288
I
690.
the South, and to such authority there, as
suits the inclination of each.
Railroad Earnings in August, and
I
A
.
such points
.
NO.
14, 1878.
The money
raised, there-
may
not accomplish the most good possible, while
the need is so very great and so pressing that it would be
extremely unfortunate if any waste should be suffered
fore,
in
the distribution.
Is
not, therefore, the suggestion
which has been made very proper, that there should be
a Central Relief Bureau, which should be intrusted
with the receiving and distribution of all supplies.
This plan bas the further consideration
that
it
would
encourage
gifts
a bureau has been
in
its
kind.
in
favor
The
Adrertlsements.
urged
during the past week by several gentlemen from
the South.
Prominent among these is Congressman
Ellis, from Louisiana.
It
is
the opinion of Mr.
Ellis and
his associates that while there is every
reason to be grateful for what is being done, much
more must be done, if we would in any satisfactory way
meet the wants of the situation. According to Mr.
Ellis there are not fewer than from twenty-five to thirty
thousand poor men out of employment. Taking it for
Transient advertisements are published at 25 cents per line for each insertion,
but when dttinite orders are given for five, or more, insertions, a liberal discount is made. No promise of continuous publication in the best place can be
given, as all advertisers must have equal opportunities. Special Notices in
Banking and Financial column 60 cents per line, each Insertion.
B.
wiujAJi B. DAUA,
& CO., Publiahets,
(
men represent families of four perwe have thus about one hundred and fifty
thousand persons who need not only instant care and
necessity for such
The Commkecial and
day morning,
Financiai, Chronicle is ismied on Saturnews up to midnight of Friday.
witli the latest
TERMS OF SUBSCRIPTION-PAYABLE
For One Year, (including postage)
ForSix Months
do
Annual subscription in London (including postage)
Sixmos,
do
do
do
IN
ADVANCE:
$10
20.
6 10.
£2
6a.
1 Ts.
Subscriptions will be continued until ordered stopped by a written order, or
at the publication office. The Publishers cannot be responsible for Remittances
inless made by Drafts or Post-OSlce Money Orders.
I<ondon
The London
Street,
office
of the
where subscriptions
Office.
Chronicle
will be
is at No. 5 Austin Friars, Old Broad
taken at the prices above named.
DANA
WILLIAM
JOHN
G.
FLOTD, JR. f
79
&
81
NEW
William Street,
YORK.
Post Office Box 4592.
forcibly
granted that these
sons each,
and water of life. " All
Mr. Ellis's own words, " before we touch
^T" A neat file-cover is furnished at 50 cents; postage on the same ia 18
the helps needed by the sick and dying the medicines,
c ents. Volumes bound for subscribers at $1 50.
I^T' For a complete set of the Commercial and Financiai, Chronicle—
clothing, and little comforts of the sick room." It is an
July, 18ti5. to date— or of Hunt's Merchants' Magazine, 1839 to lb71, Inquire
at the office.
appalling picture. To meet this great want, donations
^pS~ The Business Department of the Chronicle is represented among
must
be on a scale of extraordinary magnitude; and
Financial Interests in New York City by Mr. Fred. W. Jones.
gifts in kind must be encouraged quite as much as gifts
THE SUFFERING SOUTH—A CENTRAL BELIEF in money. This, it is believed, will be most effectually
BUREAU.
accomplished through such a bureau. Mr. Ellis exWhile we are still compelled to lament the continu- pressed his views to the Chamber of Commerce of this
ance and unabated severity of the plague in the South, city. His forcible appeals deeply impressed the genit is really pleasing to notice with what alacrity and
tlemen present; and with praiseworthy promptitude
earnestness all ranks and classes of the people, in all the they adopted measures with a view to patting his plan
great centres, are coming forward and contributing to into execution.
the relief of the unfortunate sufferers. This outflow of
Such an organization, when once it is fairly in workcharity 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
setting a noble example.
who cannot give money, who can yet give in kind withBut it is certainly of the utmost importance that out suffering any inconvenience; and there will be the
.
attention, but the very bread
this," to use
—
every facility be given to those
and
who
are willing to con-
concerns the giver, as well as the receiver,
that in every part of the country the collection and
tribute;
it
means of relief should be under the
direction of competent and responsible management.
At present there are very many receivers, some wise
and some most likely not wise, aud all are sending to
distribution of the
make such donations, when it is known
that they will be received and distributed by competent
trust this new plan will
and responsible parties.
less hesitation to
We
soon be in working order, and, if it is not too much to
ask of them, we would suggest that the present Committee of the Chamber of Commerce allow themselvea
to be thus further used in this important work.
a
THE CHRONICLE.
264
A SUBSTITUTE FOR BANK CIRCULATION.
[Vol. XXVII.
one institution, the loss or waste by bank redemption
This is entirely a bank loss, as is the mulcease.
would
[Communicated.]
be equally secured, it tifold cost of administering the bank system of circulaIf to the sum of these losses be added other
it whether tion.
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 prebent 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
Certainly, there
note-holder and the uniformity of value of the notes, body, from their circulation of notes.
wherever issued, in all parts of the country. But the is no adequate one for the labor and responsibility
If tbe credit of the currency can
is practically
immaterial to the people using
—
and wasteful, in the great incurred.
The United States Government has a revenue of about
it, and far more
2,900,000 yearly, less some considerable expenses conin the cost of mutual redemption between the banks,
through the Treasury, and the loss of interest and other sequent to it, from its tax on the bank circulation
eystem
is
number
needlessly expensive
of persons required to handle
:
net revenue of perhaps 2^ million dollars.
—
waste incurred in the unceasing process.
system having all the merits and securities of the the government has nominally saved the interest on the
present one, yet in a high degree more economical and sum of its outstanding treasury notes not bearing interest
its greenback circulation.
This has not been a real
If, also, it can be so
eflScient, seems to be desirable.
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
Since 1862
A
—
cost,
from the tax on
circulation,
to add to the net profits
banks,
its
now
and
at the
same time paid
accruing from
it
to the
whiih in England within a certain disfrom
London
is limited to the Bank of England,
tance
and in France is exclusively in the Bank of France, is'
here distributed among about two thousand national
banks. Each of them has to bear the separate cost of
its own circulation, in its preparation, issue and redemption, including transportation to and fro, and other incidental expenses.
enormous.
The aggregate sum
If all the necessary
consequence of this unredeemed and floating
many more
times lost to the people by
injury to their material interests from the delay to resume
adoption becomes a duty.
A privilege,
is
in
public debt, and
of these expenses
work
of supplying,
issuing and redeeming the entire note currency of the
country, though double the amount
now
Assuming, however, that the interest
upon the debt represented by the outstanding green-
specie payments.
backs, has been a real saving to the National Treasury
since their gradual appreciation, under the operation of
the resumption act of 18V5, nearly to par of gold, say 4
per cent upon 1350,000,000, less the interest on |150,000
redemption coin in the Treasury, or about
$8,000,000 per annum, such a saving will be no longer
possible after
January
1,
1879.
demand claim on the Treasury
Greenbacks
will
be a
for coin after that date.
by the Experiment only can determine what demand will be
made. They are legal tender by banks in their redempfor it, its total cost would be so much less than is now tions, and so long as they remain out in suflScient 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 la>v 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 lavs- 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 accomupon 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 ar.y 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.
issued
banks, were done by one institution properly arranged
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 12,000,000 per
annum. The active or
loanable funds of the banks are reduced by the sum, the
ose of which is lost.
Just now, when the supply of
loanable funds exceeds the
them in loanable funds a material portion
bank funds now diverted to redemption purposes;
and that shall provide a paper currency unfailingly
secure and redeemable in coin by an institution possess-
fact,
ing great wealth, besides depositing with the Treasury
banks.
ample security for its note issues, surely such a plan
must be best for the public interest in every respect.
The Issue Department of the Bank of England is entirely separate from the Banking Department, and is so
governed by special provisions of the charter that its
operations may be kept distinct, with its own pecaliar
duties and responsibilities.
demand for them, this last
which concerns borrowers cliiefly, is unimportant,
except as all waste of power ought to be avoided. But
whenever general business shall become active, money
for loans in great demand, and rates of interest high, the
redemption system, which has been operative only in the
period of great commercial depression since 1874, will be
found seriously to reduce the loaning power of the
Were
the authority to issue currency vested in
available to
of
Srftbmber U.
THE CHRONICLE.
1878.]
Jlay there not be
liere,
under an act of Congress for
incorporation, iiml prescribing
its
duties
leges,
and
liabilities,
a
its
conditions, privi-
National Office of
analagous to the Issue Department of the Hank
of England, the shareholders of which shall be (at their
The reasons
option) the ex'sling national banks?
IssL'K,
vaults an equal
26^
gum
of standard
coin of the United
States.
At all times, upon demand, the Office thall pay oat its
notes in exchange for standard coin and it may pay out
its notes in exchange for United States notes and national
;
bank notes when these shall be redeemed and destroyed
which induced the separation of issue from banking in at the United States Treasury, to facilitate the transfer
England, are more imperative here, and are reinforced of the circulation to the Office from the Treasury and th©
by considerations of economy, before stated, in the cost banks.
Notes of the Office of Issue shall, at all times in
of management and in the use of capital, which are far
beyond any similar considerations presented to English business hours and in any sums, be redeemed in standard
coin upon demand at its principal office, or eiiher of its
bankers and statesmen in IStl.
Some years ago, Gamaliel Bradford, Esq., known as branch offices.
among the soundest of our writers on finance and bankFor the convenience of the people, and to prevent
ing, devised a plan which was substantially wliat 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 oontract, 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
people.
The
(Nevertheless,
offices.
present
moment
of revolution in popular feeling,
of desire for a change that shall increase the public rev-
me opportune for
may be considered
enue, and of monetary chaos, seems to
bringing forward this plan, that
constitutional
right to
all
creditors shall
demand payment
retain
in
their
standard
upon granting to the debtor the necessary time,
after maturity of contract, to procure the coin at the
coin
it
nearest Office of Issue and transport the same to the
by the commercial press, as repre- place of payment).
senting the large business constituency most immediately
The principal or central Office of Issue shall be in the
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 monetary matters con- for the convenience of the government, and with branch
upon
its
merits, first
trollable bij law.
the chief cities of foreign import trade, Boston,
Philadelphia (or Baltimore), Savannah (or Charleston),
New Orleans, and San F'rancisco.
offices at
In the following suggestion of a National Office of
Issue, to be incorporated and empowered by act of Con-
some of its principal features can be menA governing board of the corporation to be elected
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
It should not be styled a bank, because it authority to appoint a cashier and the necessary clerks
its character.
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.
Probably $25,000,large sum of its eventual liabilities.
It is
evident that national banks, now having
000 cash (coin) capital will be ample for all contingen- bonds deposited for circulation, and becoming sharehold
gress, only
tioned,
divided in 2,500 shares of $10,000 each.
cies,
The shareholders
ers in the Office of Issue, can
arrange to transfer their
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 busto their present note issues, to their capital, or to both iness of note circulation, with its privileges and responsicombined. 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
pating shareholders shall determine.
As
the notes of the national banks are
instance to
now
issued in
Office-of-Issue act
should prohibit the issue of
notes intended to circulate as
them from the Treasury Depart- sons and
money by any and
all
corporations, in the United States, except
per-
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 with 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 condithe Treasury to the amount of 8300,000,000, shall tions of the act. The Constitution gives to Congress the
receive the same amount in its own circulating notes, power to coin money.
If there is in the United States
which it may issue in payment for its deposited bonds, any power to issue or anthorize the issue of paper tokens
or in exchange for standard coin, or United States or 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 forbidissued 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 hag
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
the
first
..
.
.
THE CHRONICLE
266
[Vol. XXVII.
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 suscourts as not contrary to the Constitution.
pension of specie payments, except on their deposits.
power
the
Analagous to the power to coin money is
Sure of coin on demand, note-holders will not call for it
Let
us
tokens.
paper
of
its
to issue or authorize the issue
except for foreign exchange. There will be no struggle
exercised
power,
it
was
this
as
has
assume that Congress
banks to run home each other's notes for coin
between
and
in
Banks
States
United
of
the
charters
several
in the
national bank law. The right to dispose of the profit or legal-tender of any sort. The banking capital will
all be free to its proper work, except so much as shall be
of its exercise goes with the power.
We see that this power can be delegated to a body invested in shares of the Office of Issue and in the deposcontinue
down
to 1862,
created by law, that can be held responsible, under ited bonds, a constant portion of their capital.
I think it cannot be doubted that the banks, relieved
ample security, for the faithful performance of the high
from
the care and liabilities of their note circulation,
government
can
independent
trust committed it, as no
is, before the law, and to
Such a body can perform the
duties better and at much less cost than the government
itself. For their performance, the corporation so endowed
and empowered, must be compensated for its work, its
use of capital, its expenses, and its risks. To employ
this efficient agent the government must share with it
the profit of its sovereign right to issue the paper cur-
make
itself
responsible, that
the humblest citizen.
will find their
banking capacity enlarged and disembar-
while retaining their respective shares in the
privileges they before enjoyed, and with larger profits.
rasserl,
As custodians of a great part of the active capital of the
country, they have the most direct interest in a rightlyconstituted and perfectly-guarded note currency, always
and everywhere having the value of standard coin. The
larger but less direct interests of the people and the
government
are to be equally promoted.
extent
satisfactory
to
the
agent.
The
rency to an
service
B. F. NouESE.
cannot be compelled; it must be procured by the compensation.
If this
proposed plan
twice
profit
large
as
shall afford
as
the
an aggregate net
sum of
profits
COTTON MOVEMENT AND CROP OF
now
Our statement of the
1877-78.
cotton crop of the United States for the
derived from note issues by both the banks and the year ending Septeniber 1, 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 4,811,305 bales, while
arranging such a division of profits between them as the exports are 3, 346, '540 bales, and the spinners' takings
fihouM be satisfactory to all concerned.
Two methods have been suggested.
hand at the close of the year
which follow show the whole
1,546,298 bales, leaving a stock on
First, that the
The
43,449 bales.
of
tables
movement for the twelve months. The first table indicates the
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:
interest
Issue a yearly
sum
cover (1) the expenses of
an interest of 5 per cent on its
a fair compensation for the responsufficient to
the Office of Issue;
cash capital; (3)
sible duty of supplying, issuing and redeeming the
entire note currency of the United States. These to-
gether may amount, as may be determined, to $5,000,OOO or $6,000,000 yearly, besides an exemption from
all taxation on the capital and business of the Office of
interest stopped
on $300,000,000 bonds at 4 per
cent would be $12,000,000 per annum. If $6,000,000
yearly be paid to the Office of Issue, the Treasury would
profit $6,000,000 per
annum and
the
office
Exports year ending Sept.
ending
Sept.
Sept.
1,
1678.
Lauisiana.
Alabama
.
.
S. Carolina.
Georgia.
...
4S0,980
604,676
461,8-j:i
81,818
150,505
513,985
145,4ia*
110,992*
Virginia
..
New York
Britalu
743,131
101,641
122,407
166,726
173, 4S1
5,277
39,084
1,195,035
1,391,619
419,071
Texas
N. CcroUna
Oreat
1,
l3l7.
Florida
Boston
Issue.
The
Receipts year
(2)
860,918
468,024
491,800
506,634
21,039
138,08:
ST5,941
316,606
127,8r2
100,206*
Stock
1678.
Total.
79,336,325, 40)1 305,223 l,463.09fi
6,146 36,306
164,093
70,35^103.584
12,260
12,684
26,S<71
12,03fc
6,923
1,780
19.890
J,204
49,748
2
600
19,219
35,083 140,01
'9,758
'6,84;
305,874
351,086
245,174
5,277
56,677
1-59,357
401,>)59
436
486
45.«8*
44,.V
I3,563»
6,440*
7,871*
4,105*
39,1.
4,038,141
jFr'nce ,or'gn
nel.
le78.
Other
9,1"8
62,8ijl»
To.t. this JT 4,345,645
T.il.la^t yr.
I
127,8i4
25.144
58,367
9,176
Philadelp'a
Portland..
S.Fraiicieco
1,
Sept.l
,
1.57,1.^8
I2i,an*
Baltimore
..
Chan-L
4.088
1,106
1,965
131
•66
23,521
2.442
8,435
610
3;036,735 125,57,S 495,4!i9 r83,*'31 3,346.640 4-3,449
2,024,857 !<4,70rt 466,704 41)3,216 3,049,497 119,68]
$6,000,000,
13^ ' These flgnres are only the portion of the recijipts at
porta
on cash capital and expenses, together which arrives overland from Tennessee, &c. The total receipts at these
New York,
Baltimore, Boston and Philadelphia, for the year ending August 31, 1S78, 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 totai reeeivts at the Atlanmethod has the merit of fixing precise terms and of tic and Oulf shipping ports this year have been 4,345,645 bales,
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
less its interest
sum in notes available as money in paying for the
bales.
bonds. The other method is, that while the Office shall Ecoeipts at the shipping ports
Add shipments from Tennessee, <to., direct to
that
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
annum.
In either case, the conduct of the Office to be subject
at all times to inspection and supervision by one or more
duly-appointed
cers to be held
officers of
the government; and
under proper bonds for their
its offi-
fidelity.
The importance
of separating utterly the functions of
issue from those of banking, cannot well be overstated.
That done, and the note
tion beyond question, in
issues
reality
made
and
secure of redemp-
in public estimation,
manufacturers
Total
Manufactured South, not Included in above.
.
.
Year ending
aT^.^wi
1
1877-78.
4,345,645
Sept. 1
—
1876-77.
4,038,141
317,620
300,282
4,663,265
148,000
4,338,423
147,000
Total cotton crop for the year, bales.. 4, 81 1,265 4,4S5,423
The result of these figures is a total of 4,811,365 bales as the
crop of the United States for the year ending August 31, 1878.
are much surprised at this result, as it is 60,000 bales more than
We
we
be
It
estimated
it.
Our supposition was
that the corrections
would
much less than a year ago; but they appear to be even larger.
now remains to give in detail the processes by which these con.
elusions have been reached.
Orerland 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
—
:
8EFTEMBBB
14, 1878.
to each other quite the
same
relation as heretofore.
That
l» to
channels are asserting a new power, but rather that the principal
increase in tlie crop did not come this year from the sections
by some of these railroads. For the next few years,
however, wo do not anticipate anything more than a moderate
growth in the overland movement, and for the reason that
the tendency among railroads now is to compete less for
business beyond the district under their immediate control; they
are more intent on securing paying rates than in simply adding
This is on their part a change of policy.
to their tonnage.
While, therefore, as year by year the crop is added to, there will,
t of course, be growth in the amount the Northern roads move;
with no special
at the larger share of the increased production
Influences, such as yellow fever or very low rivers, diverting the
movement— will most likely seek a market through the Southern
draine<l
—
outports.
In determining this year the portion of the crop forwarded by
each of these different routes, we have introduced no new
And yet, to prevent any misunderstanding, a brief
features.
Ji'irst.
is
and therefore simplify it, but, as a consequence, also
make it more intelligible, and less liable to error.
— 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
when
may
be,
when
it
first
appears there, and there-
the same cotton appears again in the overland,
it
must of course be deducted, or it will be twice counted.
Third.
We deduct from overland likewise the small amounts
taken from the Southern outports for Southern consumption.
They, also, for the sake of unity and simplicity, are counted at
the outports where they first appear. But, as is well known, the
entire Southern consumption is made up in an item by itself, and
added to the crop. Hence, unless these small lots which thus go
into Southern consumption from the Southern outports, are
deducted somewhere, they will be twice counted.
Fourth. We also deduct the arrivals, during the year, by railroad from the West and South, at New York, Boston, Baltimore,
Philadelphia and Portland. Those receipts reached these ports
by Toming 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
and included under each 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 during the year, must now be deducted as has been done.
—
—
.
267
* T«M KK.
*
Baltlmor*
Lontarnie
copnactlon.
*
*
KK. and MadUon
•iwlla
*
M
more
* Ohio
aa«
to NorfOtk.
Railroad.
lirancti.
W gonthern
Mlaa. Klt.,LcmlavllleBruch.
Olilo * Mlia. HIC. main line.
Connectloiia In Ohio or the Baltl-
L
NailiTllle IIR.
K
• Alexandria * Manaaau RB.
V WaaAnr
»»Jniton loot'.. ri/i Itlchmond
Prederlckaborg A I'oWniac KK.
V Richmond Cheaapeake • Yoik KiTtr
I.ouliTllle New Albaiir
Chic. KR.
.leffarionrllle Madlaon
Indian-
Ohio*
I
Ohio RR.
Through
_ route Vetnnhia
CbMapea
peak* * Ohio hli.
(1
shawnefitown and KvaDavlIle )
Cairo M VIncennea UK
EvantTllle * Crawfordivllle RK.
UAK
*
*
phia llranch
X
KK.
route from Richmond aa^
Norfolk.
Short Line RR., LoaUTllle to ClodO'
nntl.
By examining the above dlagnun, and with the aid of ex plana*
tions made in our previous annual reports, nothing further will
be needed to explain the following atatement of the movement
overland for the year ending September
1, 1878;
Shipments for the year from St. Lonia
248,337
Carried North over nilnols Central RallroaA from Cairo, Ae
12,993
Carried North over Cairo & Vlnccmie* Railroad
87,01»
Carried over Ml88lg8tiii)l River atwvc St. Ixiula
83,558
CaiTlcd North over St. Louis &. Southeastern RR
None.
t
Carried North over Evansv. A Terre Haute RR., leu ro-ablpro't«. 17,346
Carried North over JcffcrsonvlUe Hadlson A Indianapolis RR... 132,02S
Carried North over Ohio c& Mississippi Branch
84,726
Shipped throughCincinuatl byLouigv.ClnclnnatlA Loxingt'n RR. 44,215
Receipts at Cluclnnatl by Ohio River
71,200
Carried North over Washington City, Virginia Midland A Great
Southern R.R
67»
Shipped to mills a<\jaccnt to river and to points above Cincinnati 10,539
Total can-led overland
of eounting each hale
report,
Second.
—
Ml. RomiieuMrn RK.
liltnola Centrd KII. anil tiranchet.
81. I.<'UU
8outhc»at.!rii llll. (rroin
Fprlnvlleld
necessary.
—We have followed our usual plan
of cotton at the Southern, outport 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.
fore
Mo. fUn.
say
It is
explanation
2
:
THE CHRONICLE
|
a noticeable feature— the volume of the Northern railshows very little increase, althougli the crop is
movement
road
much larger. This is unlike the experience of recent years; yet
tlie fact is not evidence, as some claim, that water routes or old
—and
...
693,640
Deduct—
Keceipts overland at New York, Boston,
Philadelphia, Baltimore and Portland
St. I/>uis shipments to Louisville, New Orleans,
331,268
&c
9,836—341,104
Southern consumption and shipments Inland
from*
Galveston
9,662
New Orleans
215,660
Mobile
Savannah
505
Charleston
4,498
North Carolina ports
13,067—243,392
Virginia ports
Less shipments inland heretofore deducted—
20
Mobile from New Orleans
178,562
New Orleans from Mobile
25,844
Savannah from Mobile, &o
557
Charleston from Savannah, &o...
3,493—208,476— 34,916
Norfolk from Wilmington
Total
now to
376,020
be deducted
Leaving the direct overland movement not elsewhere cotmt'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 " Shipments Inland" have once been counted as receipts at the ports named.
According to the above, the
was 693,640
ment direct
to manufacturers this year reaches 317,620
against 300,282 bales a year ago.
last
overland this year
and the move-
total carried
bales, against 636,886 bales last year,
bales,
This shows an increase over
year of 56,754 bales in the gross movement, and of 17,338
now give the details of the
We
bales in the net movement.
entire crop for the
two years:
Louisiana.
1877-78.
Exported from N. Orleans:
1,453,096
To foreign ports
244,187
To coastwise ports
To Northern ports by rail
.
aurtriver
With these explanations, our detailed overland movement given
Burnt, manufa«tured,cfcc.
below will be readily understood. Of course, in making up that
Stock at close of year
:
movement, we have followed the plan which was first suggested Deduct
Received from Mobile...
Received from Florida
and acted upon by ourselves thirteen years since. Up to that time,
Received from Galveston
this item had only been a crude estimate, based upon the
and ludiauola
Stock beginning of year.
Memphis and Nashville statements. Now we have made it as
exact a record as any other portion of the crop total. Below is Total product for year.
our usual outline map or diagram, by the aid of which one can
:*
readily trace the course of the movement where it crosses the Exported from Mobile
To foreign ports
. M ississippi, Ohio and Potomac rivers, as given in the statement
To coastwise ports
Burnt and mamifact'd ..
which follows.
Stock at close of year. . .
.
.
7,439
2,223
4,086—1,711,031
.
1876-77.1,204,591
188,003
.
4.398
843
21,356-1,419,191
85,403
178,562
14
221
119,580
109,125
.
21,356— 319,512
29,407— 224,156
1,391,519
1,195,035
Alabama.
218,703
144,536
164,093
255,71
636
1,106— 421,547
Deduct
862
20
Keceipts from N.Orleans.
Stock at t>eginning of
2,456
year
312
2,456- 366,007
2,476
4,227—
t.-'
5,089
360,918
419,071
Total product of year
* Under the head of coastwise shipments from Mobile are Inolnded (in
addition to tlie amount shipped to and deducted at New Orlraos^
Savannah and Charleston) 3d,o37 l).ilc8 shipiied Inland by rail, wbioil
will be foimd deducted in the overland movement.
Texas.
Exported from Galveston, &o
To
foreign ports, (except
224,427
Mexico)
To .Mexico
To coastwise ports*
Burnt and mannfacfd..
Stock at close of year
. .
_„„Z*Z
239,277
„ *5f
^oo acit
3,828— 46o,B»o
256,928
1,307
249,07^
4,768— 512,062
Coaetwise exports are made oP. as foUows ^M2j338 balea from
Galveston 6,901 bales from Indlanola; 38 bales from Brownavuie.
•
;
:
—
—
:
:
. :
:
THE CHRONICLE.
268
[Vol XXVII
Virginia— (Conclndcd.)
Tfxas—(Concluded.)
-1877-78.
Deduct
Keeeived from
New
1876-77
103
2,094
beginning
of
4,768-
6.862
5,345—
461,823
Total product for year
5,448
508,634
1,362
21,732
5,277
16,547
Stock at beginning year.
-1876-77.-
,
3,680
—
431-
5,398
513,985
4,111
575,941
Tennessee.
41 6,396
53,029
384,469
46,970
Texas, &c
Stock in Memphis and
Nashville at end of year
Deduct
Shipped from Memphis
409,127
340,209
to New Orleans, &e
Shipiied from Memphis,
&c., to Charleston, &c.
104,866
92,947
85,936
95,624
in
Tennessee, Mississippi,
—
21,824
6-
23,100
6—
G
11-
11
Stock at close of year
Dedtict:
,
3,493
1,905
Total product for year
From Memphis
From Nashville
From other places
&e.:*
To foreign ports
To coastwise ports
Deduct
Eeceived from Wilmington
Stock beginning of year..
Shipments:
Florida.
Exported from Fcrnandina,
1877-78.
.
.
Or-
&c
leans,
Stock at
year
.
1,045— 879,597
6,241- 783,889
.-
Total product of year
•
These
flirures
23,089
21,818
represent this year, as heretofore, only the shipments
from the Florida outports. Other Florida cotton has gone inland to
Bavannah, Mobile, &c., but we have followed our usual custom of counting that cotton at the oiUjmrt where
it
first appears.
Georgia.
Erported from Savannah
To foreign ports— Upland
To foreign ports— Sea Isl.
To coastwise iJorts- Up-
348,302
2,937
land
To coastwise ports
—Sea
289,560
193,613
8,459
4,733
Island
2,847
ofyear
nessee,
6,876
1,261
*
Stock at close of year-
Upland
3,353
Stock at close of yearSea Island
1,869
14— 635,040
Deduct :
Received from Mobile
and New Orleans
Eeceived from Beaufort,
99—
25,844
10,624
75
48
692
864
&c
Eeceived from Florida
Ui)land t
Eeceived from Florida
Sea Island
Stock at beginning of
i
year—Upland
1,783
616
1,869
2,858
506,991
99—
331,268
278,613
317,620
300,282
648,888
578,895
30,364
ifec*
Except the shipments
181—
15,191
491,800
In these coastwise exports are Included 49 bales reshlpped to the
by rail, and deducted in the overland statement.
.-ire only the receipts at Savannah from the Florida outport.s,
and being counted in the Florida receipts, are deducted here. Besides
these amounts there have also been 25,941 bales Upland and 5,918 Sea
Island, from the iuterior of Florida, received at Savannah during the
*
These
&c.:*
143,779
132,573
6,468
5,601
1,907
473
486
Island
Exported from Georgetown, Beaufort, &c
Burnt at Port Eoyal
Stock at close of year
1,
total crop each
Years.
18.59-60...
1858-59...
1857-58...
year since 1831
Bales.
Y'cars.
4,823,770
3,994,481
3,238,91
'J
18.56-57...
18.55-56...
Bales.
1844-45....
1843-44....
1842-43....
1841-42....
1840-41....
1839-40....
1838-39....
1837-38....
1836-37....
2,484,662
2,108,579
2,394,203
1,688,675
1,639,353
2,181,749
1,363,403
1,804,797
1,425,575
1,360,725
1,254,328
1,205,394
1,070,438
3,056,519
3,645,345
1854-55... 2,932,339
1853-54... 3.035,027
1852-53... 3,352.882
1851-52... 3,090,029
1850-51... 2,415,257 1835 36....
1849-50... 2,171,706 1834-35....
1848-49... 2,808,596 1833-34....
1847-48... 2,424,113 1832-33....
1846-47.... 1,860,479 1831-32....
987,477
1845-46.... 8,170,537 1830-31.... 1,038,847
Consumption.
Never has the cotton goods trade of the world passed through
an experience similar to that of this year. Estimates of consumption made when it opened, left the supply of raw material
far short of the needs of spinners; and all through the year
every authority has predicted a great scarcity, and some almost a
cotton famine before the season closed.
That these anticipations
have not been realized is now a matter of history slow trade,
Sontb Carolina.
331,803
to
4,811,265
Years.
Bales.
1877-78.... 4,811,265
1876-77.... 4,485,423
187.5-76.... 4,669,288
1874-75.... 3,832,991
1873-74.... 4,170,388
1872-73.... 3,930,508
1871-72-.... 2,974,351
1870-71.... 4,352,317
1809-70.... 3,154,946
1868-69.... 2,439,039
1867-08.... 2,498,895
1866-67.... 2,059,271
1865-66.... 2,228,987
1861-65.... no record
1860-61.... 3,826,086
rail.
299,508
6,366
New Orleans, Norfolk and
Charleston, which
are included In the New Orleans, Virginia and South Carolina crops.
Total product detailed above by States, for the year ending
Sept. 1, 1878
4.663,265
Consumed in the South, not included
148,000
Below we give the
604,676
Exported from Charleston,
To foreign ports— Upland
To foreign ports -Sea Isl.
To coastwise ports— Up„land
To coastwise ports—Sea
5,812— 505,276
1878
Interior
year by
6,241— 548,329
Total crop in the United States for the year ending Sept.
of
Total product of year
t
300,282
Total shipments to New
York, itc
Add shipments to manu-
456
beginning
year—Sea Island
317,620
7,842
6,932
2,910
at
10,611
facturers
Stock at Memphis and
Nashville at beginning
Total product from Ten-
land
Stock
33,666
facturers direct
Burnt
Manufactured
Charleston,
to Charleston, &c
Shipped direct lo manu-
1,138
253,828
Brunswick:
To foreign ports- Upland
To coastwise ports— Up-
Shipped from Nashville
5,677
—
short hours, idle spindles in almost every country of the world,
Upland
1,852
Stock at close of yearSea Island
113-
1,949
45>9,993
being in brief the explanation.
949— 479,511
J)e<liict:
The question
of chief interest to-day,
is,
to
what extent is
this to
Eeceived from Florida-
be the experience of the coming year. So far as Europe is concerned,
Upland
8
134
we cannot see any very encouraging signs of a revival of the
Eeceived from FloridaSea Island
5,550
7,013
cotton goods trade.
We think it has been greatly overdone durEeceived from Savannah,
ing past years, under an unusually stimulated demand; and until
&o
557
743
Eecovered from bark
the wants of the world grow up to the present spinning power,
Disco
....
1,834
Stock at beginning of
or we have another unnatural exhilaration of its consuming
year— Upland
1,949
1,417
capacity, we must expect slow trade.
Stock at beginning of
We have not space here to
year— Sea Islaud
949—
3469,013
11,487 enlarge upon these subjects. On another occasion we have fully
Total product of year.
450,980
468,024 explained the position, as we view it. It may be epitomized in
tke simple statement that the spinning power of the vrorld in
• Included in the exports from Charleston this year are the
following
exports from Port Royal To Liverpool, 8.613 bales Upland to coast 1865 was about
2,000,000,000 lbs. (.5,000,000 bales of 400 lbs.
Wise ports, 16,391 bales Upland and 892 bales Sea Island.
each), and now it is over 3,000,000,000 lbs., or 7,500,009 bales of
Nortb Carolina.
same weight. Nothing but the world-wide speculation, fostered)
Exported from Wilmington, &c
first, by the high prices of cotton; next, by the inflation, delu
To foreign ports
56,677
36,374
To coastwise ports*
92,714
100,211
sion and fancied wealth in the United States next, by our borr
Taken for consumption.
879
1,206
Burnt
rowing millions upon millions from Europe, and throwing them
500
Stock at end of year
131150,901
396
138,187 back with lavish hand for productions at highly remunerative
Deduct
Stock beginning of year..
396—
396
100—
100 prices; next, the general rise in the value of commodities almost
the world over, and, finally, of wages— nothing less than all these
Total product for year
150,505
138,087
circumstances combined could have produced such results as these
* Of these shipments 1,005 bales
went Inland by railroad from Wilmington, 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
wheels of this Industry can run smoothly and healthfully again ?
In confirmation of our statement of the present spinning power
of the world, compared with that of 1805, we give the following
two tables. The first table is the statement for 1877, all the
Vlrslnta.
Exported from Norfolk,
&c.:*
To foreign ports
To coastwise ports
Taken for manufacture..
Burnt
159,357
347,592
12,378
Stock at end of year,Nor^Ik. &c
i^n'ri'.^^u'ri',.'
^1'"
"'^PO'^s are
121,169
445,774
11100
101
56_
519,383
made up this year as
1,908— 580,052
follows
:
To foreign
Norfolk; lo coastwise ports, all the
5?ffi»,tiL'''''j""''"'i
*:'', J.™™
"" Norfolk, except 76,448 bales from Eiohmond,
Pefe?sbu?g &o
figures of which, except those for the United States, having been
taken from Mr. Ellison's Circular of last October. The second
table gives the actual takings of the world from 18C5 to 1870, and
the average for the five years.
.
SkitembkrH.
Number
of
Spindles.
IN 1977-78.
poonds
Urvnt Britain....
30,.5O0.0OO
I'.^.'VOCOOO
India
Uoitod States....
1,231,000
10,500,000
33
53
75
65
400
70,731,000
M
1, 303,500.000
pfiunds.
1,033,500,000
92,325,000
683,500,000
3,258,000
2,584,000
230,810
1,700,220
3,111,838,000
7,770,080
>
lMtl«!-67
.
1867-68
1868-00
186&-70
.
.
Total.
Poundt.
Pttnndtt.
852,700,000
1,024,000,000
947,500,000
085,900,000
1,065,100,000
lOO.OOO
1,120.100.000
(iSl.KMl.IMM)
i,7(i:..4e(o.(K)o
(i'.U.lKIO.OdO
,5«l.'UM>.l)O0
i.(i;in.
..(JT.
1(10,000
l,.'S70,30O,0OO
033,400,000
1,098,800,000
3,158,500,000
8,034,000,000
631,700,000
kTorage Europe.
975,100,000
kTerage United States during same time.
1,606.800,000
300,000,000
.
Total Europe.
4,875,500.000
PkvenMte tatlnira previous
At Mortbom
At Southern
ports
38,008
iKirts
14,041—
43,440
morkeU
Continent.
Puiinilt.
.
the year
8340.040
Loss fornlin> cotton Included
0,474—3,340,106
Sent to Canada direct from West..
3,124
Burnt, North and South*
9fl69
Stock on hand end of year (8ept.l,1878)—
At Provldonc<e,dto. .Northern In iMlor
TAKIKGS OF THE WuRlD, 1865 TO 1870.
Groat Britain.
2ft9
Of this suppljr there has be«n—
Exported (o forelfrn porta duriuf
Bales of
Total Pounds.
per
Bplndle.
Ooiitinont
186.1-06
:
THE (HHONIOLE.
1878,1
CONXUMINO POWKR OP THE WOULD
Totnl
.
..
2,335—3.3M,4«»
Total takings by spinners in United States, year ending Sept.
1.
1878
1,546,39ft
Taken by spinners
In
Southern States, inolnded
above
in
totiil
148,000
Totnl takhign by Northern spinners
bales. 1,308,398
Ijff'' Burnt Includes not only what has been thus deHtrt>ye<l at tli»
Northern iiiiil 8<iutliPni antimrts, but nlno nil tinmt on Nnrthcrn railroads nnil lu Northern factorlen. Kvcrj- tire which has occurred, either
in a mill or on a railroad. In the North, ilurlun the pant year, we hav»
Investigated; and where there was cotton lost, have sought, and In
almost uvcry case obtained, a full return of the loss.
1,966.800.000
to 1870.
The foregoing indicates that the N'orth and South have together
token for consumption from this crop 1,546,298 bales. Excluding^
edly more hopeful view. In the first place, it is not at all likely Fall River, the Northern mills are supposed to have worked les*
that foreign dry goods will ever again come here to anywhere hours in the aggregate than last year, but the falling off was more
near the extent usual prior to 1873. We can manufacture for than covered in weight of goods produced by the toarser averageourselves better and cheaper now. The very depression we have of cloth made. The new spindles put in motion during the year
{MBsed through has taught us great economies in manufacture, are probably about 50,000 to 00,000, but these are offset by millsjirhile the labor-saving mechanical devices wo have introduced burnt and laid idle, so that the spindles worked have not beea
since then and during previous years are enabling us to put upon materially increased.
At Fall River the spindles (about 1,300,004)
the market better goods at a less cost than our rivals. For these have been idle in part. Almost every mill there, was on half
reasons our home demand will be left much more nearly for our- time, or less, in July and August; this, together with the stoppage
selves to supply, and as other business activities revive, we shall of the Union, Border City, and Sagamore, probably gives in the
thus find pro6table employment for all our spindles ond a stimu- aggregate some reduction from last year; but there was also short
lant to heolthy growth for the future.
Then again, as is well time the previous summer, so the comparative loss was small.
known, there is a growing outside demand for our goods, which We estimate the total spindles in the North now at about 9,900,we are able to meet at a profit. A new trade is of course of slow 000, and in the South at 600,000, or a total in the country of say
development, and especially at a time like this, when every 10,5(X),000. The following shows the total takings for all purcountry is manufacturing without profit, and forcing its produc- poses at the North and by the mills at the South, for a series ot
tions on unwilling customers.
But notwithstanding the many years:
With
regard to the trade in the United States
discouragements, the
of future promise.
movement
is In
we
take a decid-
a healthy condition, and full
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
Taken
In this connection
lo wef than then higher speed, better machinery, greater
and close economy in management, permit this result. The
following is a statement of the exports from the United States of
cotton manufactures for four years:
EXPORTS OF COTTON MANCFACTDBKS.
By-
Northern Uills
SoQthcm
1874.
1875.
1876.
18T7.
1878,
BaUi.
Bolt.
Balet.
Bab:
BaUt.
1,063,465 1,177,417 1,062,SSS 1,211,598 ),:88i418
Uills
137,662
128,B26
The gross weight of
made up as follows.
Colored goods. .Yards.
Value.
Uncolorcd goods. .Yds.
do.
Yalue.
Other m.-ints. of. Yalue.
do.
1878.
37,705,313
$2,959,910
88,538,192
$7,053,463
$1,422,255
1877.
1876.
1874.
Texas
$6,424.1,')4'$5,314,738!$1,680,297
Louisiana.
$1,310,685
Total cotton manufacturesexp'rted. Yalue. $11,435,628 $10,180,984 $7,722,978 $3,091,332
These figures show that the total is still small if we measure
it by the possible demand, and yet the effect of even the present
movement on the goods market in this country must be very considerable, as wUl be understood when it is remembered that the
export the past year
Crop of
4,600,447
$660,262
76,720,260'.59,319.2G7 13,237,510
$744,773
of, for instance,
uncolored goods (88,528,193
yards) was fully 10 per cent of the total production of such goods
in the United States. It goes far also to explain our continued
consumption of cotton. The export movement runs largely on
heavy makes, while the short time has been almost wholly in the
finer work.
But besides the spinning demand, evidently the uses
of cotton in this country are widening. We have shown on a
previous occasion that in worsted and woolen mills and knit
goods there is a constantly increasing proportion of cotton consumed. For these reasons it is that, notwithstanding the short
time at Fall Kiver, the aggregate takings are considerably in
full
148,000
147,000
We
this year we have
give last year's statement for com-
parison:
29,Hl,434jl6,488,214
$2,446, 145'$1,445,462
$952,778i
145.000
l¥elght or Bales.
bales and of the crop
Year ending September
Tear Ending June 30.
145,0:9
Total t&klne;8 from crop 1.801,127 1,305,943 I,a07.601 1.356 596 1.435.418 1,546,M8
;
skill,
19J8.
BdUt.
Number
of bales.
Year ending September
1, 1878.
Weight in
Average
Number
poands.
weight.
of bales
Weight
in
pounds.
1, 18T7.
Aver'ge
weight.
501-67
461,823
2-31,770.490
601 £6
606,634
254.163,078
1,891,519
6&5.405,449
471 00
1,195,035
542.247,131
453-7&
Alabama...
Georgia
419,071
214.509,872
511-87
360,918
178,838.478
49551
604,6:6
288,480,45*'
477-03
491,800
228,195 200
S. Carolina.
450,980
809,137,466
468,0«4
212.019,552
464 CO
453-01
Virginia...
613,985
341,690,466
463 74
470-23
573.941
267,570,619
464 58
N. Carolina
150.505
69.436,185
461-37
133,087
e2,412.:62
451 98
TeLn., &c..
Total crop
818.706
399.588.123
488-00
748,984
366,018,418
47400
4,811,!65
2,309.908,907
480-10
4,485.423
2,100.465.066
4«S-i8
According to the foregoing, the average gross weight per bole
was 48010 lbs., against 468-28 lbs. in 1877, or 11-83
more than last year, which indicates over 9 per cent increase
this season
lbs.
Had, therefore, only as many
pounds been put into each bale as during the previous 8eason>
the crop would have aggregated about 131,492 bales more than
the present actual total. The weights are unusual this year, as
may be seen from the following comparison
In the total weight of the crop.
Season of
1877-78
1876-77
1875-76
1874-75
1873-74
Crop,
Crop,
Numl>er Bales.
W^eight, Pounds.
4,811,265
4,483,423
4,069,288
3,832,991
4.170,388
2,309,908,907
2,100,465.086
2.201,410.024
1,786,934,765
1,956.742,297
Av. Weight
per bale.
480-10
468-28
471-46
468-00
469-00
excess of the large total of last year, as may be seen from the
following statement of the consumption of cotton during the year,
North and South:
Total crop of the United States, as stated above
bales. 4,811,265
Stock on hand commencement of
year (Sept. 1, 1877)—
At Northern ports
83,882
At Southern porto
35,756— 119,638
At Providcncc,&o.,Northem Interior
markets
10,863— 130,493
Its ISarketlns.
showing the comparative weight of the present
Such a
crop, is, of course, the only true measure of its extent.
production as that statement shows, in such a season as was 1877,
suggests that an underestimate was made last year and if last
year, then this year also in acreage, and also affords an instruc-
Total supply doling year ending Sept. 1,1878
tive g^ide in estimating future growth.
4,041,758
It
should be remembered that the foregoing are gross weights.
The New Crop and
The
last table,
—
—
With
regard to the crop
—
—
..
...
.
.
:.
:
..
:
THE (CHRONICLE
270
promise now is very
Without, however, giving place here to speculations,
favorable.
facts in relation to its maturity will be valued, not only for present
which has
just
[Vol. XXVII.
Georgia— (Concluded.)
to reach the ports, the
begun
condition
use, but also for future reference, as the early or late
of the crop is an influence which always afEects for some weeks
We have, therefore, brought
the movement to the ports.
together the data with regard to the receipt of first bale and the
new
total receipts to Sept. 1st of
we
.
First
cotton for several years.
give the date of the receipt of
bale
first
,
1877-78
—
Rec'd from Beaufort, &c
3,603
So. Carolina—
Cliarlcston . .
1876.
1875.
1
1878.
1877.
Bluffton,
11,057
768
&c
48
Shipped from Beaufort to
Great Britain
Deduct
Received from Florida.
—11,998
Total Sea Isl'd crop of So.C.
Aug. 10 Aug.18 Aug.16 Aug. 1 Aug. 17 Aug.27 Aug. 8
Sept. 5 Sept. 3 Sep. 14 Aug. 14 Aug.22 Aug.28 Aug.lO
From Ga
From Fla
Macon
Columbus
. .
.. ..
July 31 Aug. 9 Aug. 6
July 31 Aug. 10 Aug. 7
Aug.l2 Aug.l9 Aug. 12
Aug.ll Aug. 8
Aug.
—
July 30 Aug.
Aug.20 Aug.
July 28 Aug.
Aug. 10 Aug.
2
2
2
9
Aug. 7
Aug. 7
Aug. 3
Aug.ll
....-
—
Vicksburg
Columbus
....
—
Of which exported to
i
Stock,
Sep.l,
Total
|''f,' for
Crop. Supply. f|!i-|;
S.
Georgia
di.s-
trib't'n
949
99
Carolina..
113
14
6,443
7,397
3,608
3,707
14,739 14,739
Florida
30
30
Texas
7,284
3,693
14,739
Great
ports.
Britain H'vre
4,347 2,019
1,920 1,017
6,366
2,937
167
25
13
30
New Orleans
New York...
Total
Ex-
Leav'g
Net
17,823
:
167
25
13
2,567
i'li
2,978
254
3,049
6
754
754
2,795
6
Baltimore...
Philadelphia
127 25,746 12,594 3,701 16,295
1,048 24,825 25,873
the foregoing we see that the total growth of Sea Island
this year is 24,B25 bales; and with the stock at the beginning of
the year 1,048 bales, we have the following as the total supply
Total
Tejinessee
Aug.22 Aug.22 Aug. 15 Sept. 3 Aug. 30 Sept. 4 Aug.18
Aug.16 Aug.22 Aug.l2 Aug.23 Aug.23 Sept. 1 Aug. 12
Nashville
Memphis.
Texas—
Galveston—
F'm Br'wnsv. July 16 July 10 July 9 July 16 July 7 July 13 Jne30
First other
July 23 July 23 July 17 July 9 Aug. 1 July 17
DeWltt DeWitI DeWitt DeWltt Gttlv. Lavaca
.
Where from
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
AKRIVALS OF
new
NEW COTTON TO
SEPT.
1875.
1876.
1877.
32
7
253
117
1,589
6
1,500
3
50
227
113
4,765
1,286
1,028
1,254
1,421
212
124
217
251
304
67
288
47
1,641
71
9
195
74
190
175
320
38
396
506
247
212
342
898
156
216
114
429
66
40
51
662
1,628
38
Tenn
Memphis, Tenn
Galveston, Tex
1
None.
La
41
5,975
1,989
530
1,113
28
86
48
1
187
*200
10
48
2,706
6,218
5,282
1,051
8,691
Nashville,
75
1878.
72
Vicksburg, Miss
From
and distribution:
This year's crop
Stock Sept. 1, 1877
bales. 24,825
Total year's supply
Distributed as follows
Exported to foreign ports
bales. 25,873
1,048
127—16,422
9,451
Leaving for consumption in United States
thus reach the conclusion that our spinners have consumed
We
of Sea Island cotton this year 9,451 bales, less whatever
(if any)
be remaining in our Northern ports in excess of
This indicates a very considerable increase in consumplast year.
tion in this country the present season, even over the large total
The following useful taljle shows the crops and
of last season.
movement of Sea Islands since the war:
stock there
may
;
not the yellow fever visited the Mississippi Valley. But even as
they stand, they appear to prove that this is one of the earliest
crops in our record.
and Consamptlon.
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 Charleston and Savannah. For the Northern ports. Custom House manifests furnish no guide.
We have found it impossible, therefore,
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 -
to perfect these figures except
We should also state that for the shipments of cotton
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.
tion.
direct
-1877-78.7,703
5,550
1,319
Reo'pts at Savannah. bales.
Receipts at Charleston
Receipts at New York, &c.
Receipts at New Orleans.
Shlpm'ts to Liverpool from
Florida direct
-1876-77.3,032
7,013
1,065
49
.
Florida Geor- Caro- Tex- Total.
14,739
li,au
6.951)
8,813
8,885
10,764
5,624
8,7S3
9,948
6,'; 03
10,402
11,212
2,428
30
6,448
29
4,911
77
4,756
ao4
7,400
HiU
1,408
8,159
1,269 13,156 1,100
8,755
89!)
1,567
7,«I8
4.9:34
704
9,225
7,.334
6,e03
6,371
6,296 4,577
10,015 11,001
10,957
5,630
14,739
11,214
Receipts at Savannah
Deduct:
Received from Florida.
5,348
Received from Florida for
Charleston
2,355
11,311
6,137
3,032
1,388
m
2t),289
16,845
21,609
26,507
18,682
21,8:5
32,228
19,015
Britain nent.
Con-
«urapexports. tiou.»
1S7
12,594
11,865
11,591
13,139
16,9S6
22,847
14,991
19,644
21,776
3.701
16,39-1
9,451
1,.369
13,234
12,936
16,046
15,.388
1,851
19.707
30,314
18,086
,392
4,063 1,048
527
1,016
388
2,192
2.113
593
1,6-J3 1,667
1,526
370
835
1,678
1,39!)
803
211
1,3S8
1,870
156
410
1,597
485
1,100
1,315
1.907
1,887
622
593
61
1940
158
1)5
18.87.1
23,469
15 584
19,905
24,716
17,239
19,859
30,706
18,231
.
Movemrnt of Cotton at tUe Interior Ports.
Below we give the total receipts and shipments of cotton at the
interior ports, and the stock on the 1st of September of each year.
Year ending
Sept. 1, 1877.
Year ending Sept.
1,
1878.
Receipts. Shipm'ts. Stock Receipts. Shipm'ts. Stock.
Nashville,Tenn.
189,693
72,534
79,112
67,337
69,330
384,358
47,500
189,733
72,282
79,570
67,509
09,919
384,469
46,970
Total, old ports.
909,864
Dallas, Tex
Jefferson, Tex..
595
746
468
787
324
328
455
527
164,277
73,641
60,415
105,954
92,506
416,731
56,902
1,117
949
164,010
73,350
60,474
106,284
92,681
412,393
56,044
910,452
9,161
965,236
970,426
3,971
44,245
37,059
101,797
56,339
22 122
47^095
16,531
90,261
33,096
48,357
217,509
177,281
132
80
193
60
25
150
63
92
287
90
101
84
1,501
4,858
30,363
30,000
103,779
171,34
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
Cincinnati,©..
44,104
36,926
101,835
55,048
22,042
47,195
16,437
90,175
33,100
48,236
219,010
175,527
rotal,new
889,635
891,092
7,879 1,055,451 1,060,527
2,803
1,799,499 1,802,144 17,040 2,020,697 2,030,953
6,774
Augusta, Ga..
Columbus, Ga..
Macon, Ga
M'tgomery,Ala.
Selma, Ala
Memphis, Tenn.
.
Shreveport, La.
Vick8burg,Miss.
Columbus, Miss.
..
Ga.. ..
Atlanta, Ga...
Georgia.
24,825
17,823
14,996
17,027
19,912
Great Conti-
Total
117,875 159,642 95,663 3,963 277,033 230,128 15,965 '546.093 31,614
•The column of "Ainerican Consumption" in this table includes
burnt in the United States.
Total
Eufaula, Ala.
55
as.
lina.
3,608
1,669
1,213
1,110
Rome, Ga
Total Sea Isl'd crop of Fla.
. .
1817-78.
lS76-7r.
187a-76.
1874-75.
1S78-74.
1872-13.
1871-74.
1870-71.
1869-TO
1868-89.
1867-68.
1866-6T.
:S65-66.
GrifflQ,
167
American
South
ela.
9,784 4,597 5,373 8,163 8,981 2,467 20,759
• Estimated
no return received as yet.
These receipts would have been even larger than they are, had
EXPORTS
CHOP.
Season
ports to
Sept. 1
Sea Island Crop
16,295
Stock end of year
1.
304
58
419
56
46
.
Mobile, Ala
New Orleans, I-a...
But
1.
1874.
1873.
220
Montgomery, Ala
cotton to Sept.
568
226
None. None. None.
1872.
Ga
Atlanta, Ga
Savannah, Ga
Macon, Ga
Columbus, Ga
Augusta,
Shi'eveport,
29
Boston
Aug.l4 Aug.l4 Aug. 9
Aug. 8 Aug.29 Aug.21 Aug.28 Aug.l7 Aug.24 Aug.20
29
30
How
Supply, year ending
Distributed.
Sept. 1, 1878.
1877.
.
. .
all
30
....-
24,825
distribution of the crop has been as follows
The
Montgomery.. Aug. 6 Aug.l4 Aug.ll Aug. 4 Aug. 12 Aug.lO Aug.
Aug. 7 Aug.16 Aug. 12 Aug. 5 Aug.13 Aug.ll Aug.
Mobile
Total
29
United States
Ports of
Louisiana—
New Orleans—
From Texas July 10 July 10 July 13 JiUyl3 July 10 July 10 JuneSO
" Miss.Val Aug. 4 Aug.l2 Aug.l2 July 3 3 Aug. 4 Aug.lO July 31
Aug.21 Aug.l9 Aug. 13 Aug. 7 Aug. 6 Aug. 9 Aug. 8
Shreveport
4,911
Texas.
30
Total Sea Island crop of the
July 25
Aug. 3
Aug. 2
Aug. 3
Alabama—
I
7,013
6,448
Total Sea Isl'd crop of Texas
Savannali
Mississippi
51-11,924
5,550
Receiptsat Galveston
Receipts at Corpus Christ!
Aug. 7 Aug. 19 Aug. 13 Aug. 14 Aug.13 Aug.21 Aug
Georgia—
Augusta
Atlanta
1,669
South Carolina,
11,106
Receipts at Charleston
Shipped from Port Royal,
coastwise
892
Receipts at Savannah from
of Receipt OH First Bale.
1874.
1873.
1872.
48—
Total Sea Isl'd crop of Ga..
.
Date
1876-77.4,468
,
7,703
Charlotte, N.C.
St. Louis, Mo.
i>orts
Total, all....
5,292
22'
40
400
17
57
164
56,'J94
247,3.50
188,877
499
954
91
1.50
825
876
•
...
...
. . .....
Skttembur
THE CHRONKJLE.
14, 1878.]
sIiipmBnts in this statenipnt include aniountH token from
homo coii.'iuraption and amounts burnt.
The
these iuterior iM)rts for
GroM
The
Receipt* at
following
New
York, Boaton, &c.
Nxw ToBK
BALTIMOra,
PaiLADiLpniA
B0«TOR,
isn-76. 1876-77. 1877-78. 187»-T7. 1877-78. 1816-77. 1877-78. 1876-77.
New Orleans.. 211.497 163.492
92,678
89,701
Texas
Sarannah .. . 148,2«e 128,3i8
Mobile*
"2,849
82,822
67',858
i4",6C6
iis',6i8
i'5.268
2i',i87
4,843
11,831
7,829
39,283
19.720
46,129
19,522
13,181
61,148
52,881
45,2i8
l8,M3
:",87i
6,028
29,3il
I.«,764 157.902 J26,388
954.412 959,958 357.942 35^356 119.46J
ToUl
The
There have been ahlpments for New York, 4c.. from Mobile, which do
not
>t appear In thla statement, having been made by railroad, overland.
•
Ex|>ort«.
last year's
If
heavy, and at Chicago the receipts wers much ahead of thoM la
month ot any previous year; bat a great part of thcM
receipts came over the Southern and direct Western roads, while
the same
&
the Chicago
23,684 "l5iis9
9,867
8,882
27,0;7
84,2.11
10,896
3.510
2,877
811
lis
61,533 8V,5i2
111,343 104,828
110,99) ;00,il06
17
13.693
Florida
8o. Ciirollna .. 110,644 106,948
5:.«oi
Carolina..
80,061
No.
Virginia
165.423 234,860
Norlhrrn porta 14,116 12,664
Tenneaaee, &c 145,412 121,213
Foreign
6,»n
5,993
earoiogs were large, and it would not b«
the returns for the present month should present »
more striking decrease on som« of the grain-carrying rosdi.
grain movement in Augosl this year was. In fact, verjr
period
surprising
still
the receipts of cotton at the ports named:
am
when
271
Northwest and the
Paul roads brought a small
Chicago & Alton,
Chicago Burlington & Quincy and Hock Island roads bad a very
large trafHc. The Kansas Pacific and Wabash roads also show a
decided improvement in earnings, arising In good part, no doubt,
Irom the transportation of winter wheat, which has this year
been a famous crop.
Our report of earnings, expenses and net earnings for the
month of July, and for the seven months from January 1 to July
It ia only necessary to
31, is particularly full and satisfactory.
look at the results
shown
table given in this report will be found the foreign
exports the past year from each port to Great Britain, France and
gro: s earnings alone
other ports, stated separately, as well as the totals to all the
ports.
In the following we give the total foreign exports for six
differ
In the
first
years for comparison
:
Exporf of Cotton
Total
Exports
Fhom—
(balea) to
S.Car'ltn»
l(i0.1l>9
Georgia.
:)7."i.8!>.5;
Texas
210,4381
.
247.860
429.571
274,383
835
Florida
No. Car...
.
.
New York
i
0.333
20.721
"i',e32
7,722!
.573,49s
48.-,, .-,!>(;:
Boston...
Phlladcl
11.12s
0.792
2S,2t8'
Baltiiu're
20.S)43
41,528
P'rtlMMo
2,2.'J7
352
468
324
S.Fr'cisco
2.">.:!99
j
1877.
1876.
1875.
1,147.314
132,1.TO
132,367
,177,0.'>8
VlrKiiiia
Foreign Ports for Year ending Aug. 31.
1874.
1873.
N. Orl'ns.
Mobile...
to Foreign Port* for Six Yearn.
995,270 1,363,005
131,341 243,683
275,130 281,713
423,235 370,218
224,284 236,449
44
27,267
15,375
67,212 108,693
445,172 494,374
36,259
58,078
40,007
26.090
29,114
44,567
218,703
337,480
298,540
258,235
1,362
36.374
121.169
434.158
75,310
30.844
32,316
393
431
164,093
305,874
354,086
225,174
5,277
56,677
159,357
401,959
127,874
25,144
58,367
9,176
486
415
Total f r'ui
U.8tates!2.079,986'2,840,981 2,684,410 3.252,994 3,049,497 3,346,640
I
these
more complete
returns,
t
Liverpool
Cork, Fal-
month,&c
Orleans.
bile.
Char- Savan
veston leston. nah.
t
New
Other
Total.
York. more. Pons.
Balti-
12,684
9,528
12,260
4,686|
....
1,171
....
....
5,923
124,417
Ball and
London.
Fleetwood
Havre
bS
.
Roaen
.
.
5,081
316,928
6,558
26,i46
.
•>
24,768 70,355
2,213
34,048
1,036
.
2,858
9,f;4S
••••
...
....
1,234
5,081
484,743
9,806
AtchieonToppkaA SantaFe.
Barl. Cedar Rapids
Cairo
4
Chlcaeo
St.
4
..
Chicago* Eastern Illinois....
Chicago Milwaukee 4 St. P. ..
Clev .Mt. Ver. 4 Del.4 brchs
Denver 4 Rio Grande
Grand Trunk of Canadat
Great Western of Canada*
...
(main line)!..
{Iowa leased lines)
d')
Indianapolis Bl. A Western*..
International 4 Gt. Northern
Kansas Pacific
Missouri Kansas A Texas
Pad. 4 Eiizabethtown*
Illinois Central
Louis Kansa- C. 4 North.
Louis 4 S. E.— St. L. div.*
do
Ken. div..
Tenn.div.*
do
Toledo Peona 4 Warsaw
Wabash
Total
Bremen
.
.
1,263
.
12,634
8,983
15,6-25
45,213
2,llfi
970
2,800
8,652
Amsfrd'm
Rotterdam
....
17,889
5,873
8,78«
13,827
54,797
Cronstadt.
Riga, &c.
22,f86
3,945
1,314
18,765
206
715
1,800
I,00€
2,«54
22,215
41,897
13,208
....
1,650
13,165
1,102
...
Ghent
Reval
115
....
20,718 19,013
5,036
....
....
3,303
3,999
216,6.34
1.06'i
6.102
27,517
51,286
12,682
2,950
138,>55
3,899
9,191
1,965
...
1,493
....
88,353
NovrokopIng, Ocfle,
Ac
Barcelona.
Malaga.
Santander,
,
4c
8,799
1B,22
8,544
1
Gibraltar..
2,652
854
Lisbon....
1,691
Genoa.&c.
Br. N. Am.
28,656
1.450
4,450
i
S
For the four weeks ended August
....
8.54
...
1,5»1
...
43,542
St.
St.
St.
Total
.
.
2
8,436
...
2
8,436
(la.
line)
leased lines)
.
Paducah
•
RAILROAD EARNINGS IN AUGUST, AND FROM
JANUARY 1 TO AUGUST 31.
Amoni; the railroad reports
for
August
it
will be noticed that
—
the results are about evenly divided the number of roads showing a decrease being nearly the same as those showing an increase.
This indicates that there
is
a turn la the tide as
we come
to the
71,343
18,786
"vna
899
92,101
11.5,9.19
309,825
2.522
81,173
32.3,347
28.512
20,303
M3i
12,IS03
1,«SS
8,843
15,06S
46,503
374,165
303,0-26
43.0-35
7.077
4,008
910
26,660
12,281
2.090
121 ,274
631,222
9.871
46.718
$5,803,697
$512,837
5,4.'3,000
A Memphis*
795,901
795,967
2,158.013
1,770,521
126,732
'
I
TO AUOtTST
1877.
$318,741
$1,479,385
615.58)
156,058
2,829,397
4,190.812
244.514
461,985
5,862,333
2,701,083
3,121.012
819.661
75«,2M
866,927
1,930,231
2,007.405
114,3f0
317,135
2,583,636
1,906,352
362,434
204,871
98.931
634,186
31.
Inc.
$826,192
377,398
13,66S
1,335
213,909
143,3»
25b',736
353.517
133,701
39.681
70,960
236°,884
12,402
800.364
2.527.473
2.057,175
Ken. div.*
Tenn.div*
217,813
10.V643
831.161
8,147,355
2,67!),0!j9
268,266
$41,110,499
$37,201,181
$4,448,401
3,909,318
.
—
do
do
Toledo Peoria
A Warsaw
Wabash
Total
Net Increase
388,5'.3
Dec.
1,237,188
Louis Alt. A T. H. (br'chs)
Louis Iron Mt. A South'n
Louis Kansas C. A North.
Pt L. div.*
Louis A S. E
1.4:3.096164.09.3 225,174 305,8741364.086 401,959 58,367 3f3.991 3,.346,ti40
• Exports from Cliarleston 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 llorida, 5,277 bales to Liverpool.
From Wilmington, 39.084 bales to Liverpool, 6,923 to Cork, Falmouth. Ac,
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 1,495 to Keval.
From Norfolk, I57,t5:j bales to Liverpool, 1,076 to Havre, and 1,129 to
Bremerliaven.
From Boston. 1/7.872 bale! to Liverpool nd 2 to Nova Scotia.
From Philadelphia. 24.514 bales to Liverpool and 600 to Antwerp.
From San Frdnciaco, 489 baes'to Liverpool.
From Portland, Me., 9.176 bales to Liverpool.
1578.
95.3.362
Indianap. Bloom. 4 Western*.
International 4 Qt. Northern
KansasPacific
Missouri Kansas A Texas
St.
Provinces
Mexico....
do
5,204
2,398
(main
Illinois Cent,
23,131
8,648
-
243.179
678.894
5.718,901
2.951.816
3,474,539
421
3,056
1U,053
424
35,128
30.
4De!. Abrchs.
Denver 4 Rio Grande
Grand Tninkt
Great Western J..
.••.
.
786
9,182
3.510
72.000
19,298
Includes Springfield division.
Ciev.liIt.Ver.
2,320
9,895
....
Dee.
!
194,096
$2,305,577
>92.981
142,402
8.001.096
....
...
Inc.
$211,438
127..'575
$5,697,793
Atchison Topeka 4 Santa Fe..
Burlinefn C. Rap.4 Northern
Cairo 4 St. Louis
Chicago 4 Alton
Chicago MU. 4 St. Paul
21,318
72,718
8,514
....
»
• Tliree weeks only of August In each vear.
t For the four weeks ended August 31.
5,442
89,763
2,S07
2,390
13.6
It, 176
491.723
64.586
677,050
33,989
84,572
711,777
819,979
554.889
SBOSS EABMINeS FBOX JANUAKT
Hamburg..
Antwerp
1
Net increase
-
1,920
180,439
104,443
20,638
563,723
83,881
Sii.OOO
84,413
119,700
649,929
833,765
562.160
98.537
93.000
!1.S461
890,998
294.335
19,077
11,265
43,655
359,100
30^,103
47,028
25,760
lO.lOl
131.145
5,~,9J0
Louis
Dunkirk
aeUles.
1877.
(25.%572
(467,(00
Northern
A Alton
Bordeanx,
and Mar-
signifi-
is august.
1878.
743,131 101,641 168,400 122,334 166,726 336,596 39,14-1 363,592 2,031,538
79,338
which have so much more
EAsmnas
enosa
St.
St.
Gal-
a report of
cance than the bare statement ot gross earnings only,
taken
Mo
how
often mislead as to the actual profits of
In several cases the net earnlDgs
widely in proportion to the gross earnings In the two years,
and the holders of railroad securities will regard with satisfaction the improvement which has gradually been made in securing
Pad A Memphis'
8t.L ulsAlt. A T.H. (br'chs).
St. L'.uisIronMt. ASonth'n..
New
Central,
in that table to see
may
Below we give a detailed statement of the year's exports from
each port, showing the direction which these shipments have
:
St.
Illinois
a railroad's current business.
1878.
,204,591 1,453.096
The
proportion of them.
16.771
E«,U8
1S0.8SS
23,128
13,242
11.712
142,0 5
$539,063
Three weeks only of August in each year.
1 to August 31.
1 to August 80.
Earniugs of the Dubuque A Sioux City Railroad during Aug.. and for the
eight months ending Auj. SI, were as follows; these figures are included In
those of the Iowa leaded lines given above; Aug., $.W,837 in 1878 and $M,811
in 1877; January 1 to Aug. 31, i;612,45j in 1878 and $502,160 In 1877.
The following companies have but recently reported their earnings for July.
•
t
t
From January
From January
...
sBosa BABRixes ni ittlt.
1878.
Atlantic Mississippi A Ohio
Atlantic A Great Western
Burl.
Mo. River in Neb
.
...
..
A
Chicago Barlington A Quincy
Chicago A Eastern lUinuis
Dakota Southern
Gal. Har. A San Antonio
Mobile A Ohio....
Nashville Ohatt.
Paducah
4
A
St. Louis..
Ellzabethtown
Philadelphia
Philadelphia
4
4
Reading
Erie
$137,441
803.601
79,688
948.427
67,080
19.194
88.877
95.B7;
112.7<«
26.851
"I'S!
214,(I8l-
18TJ.
$138,401
301,730
68.340
829,300
47,426
13,070
66,312
»«.«8S
1J1.646
».S80
1.089.641
168,501
Increase.
Decresss.
$5,9«3
•i;8fi
11.348
117,127
i».aot
S.IM
17,«W
M,M4
a,«7t
loilno
— —
..
,
THE CHRONICLE.
272
Paul & Sioux City
Biooi City & St. Paul
Southern Minaesota
St.
Union
Pacific
1878.
1877.
47,730
27,540
63,iiiil
40,597
21.043
46,951
1,014,959
1,03.3,592
eBOSS KABHINQS FROM JAlTOARr
1878.
Atlantic Missiesirpi & Ohio...
Burl, ffc Missouri Riv. in Neb.
Chicago Burlington & Ciuincy
.
Dakota Southern
Gal. Har. & San Antonio.
Mobile & Ohio
&
•Kashviile Chatt.
St.
Louis
Philadelphia & Reading
Philade'phia & Erie
<fc Sioux City
Sioux City* St. Paul
St. Paul
Southern Minnesota
Union
v
.
Pacific
1
7,364,218
122.921
612,910
1,032,110
934,675
6,658,:47
1,475,733
332,833
207,284
427,181
6,764,808
6,301.313
96,488
18,633
31.
Increase. Decrease.
$271
S.
331,094
1,062.870
26,438
123,446
108,329
48<.664
921,781
7.483,134
1,553.868
248,337
134,576
251,801
7,028,030
i-ross eamings
Expenses
77,633
Gross earn ngs ....
Operating expenses.
The following June
flgttrcj
&
$2,569,425
$2,.347 877
1.988,151
1,913,824
$69,821
$5,940
$583,974
$434,053
$1,014,959
336,347
$1,0.33,692
625,853
$«,761,808
2,989,178
$7,026,000^
3,012,224
$638, •12
$507,739
$3,775,630
$4,013,776-
Net earnings.
AND NET EARNINGS.
The
—
have but recently come to hand:
June.
t
^Jan.
,
to
1
June 30.—
1878.
1877.
1878.
1877.
$93,263
t76,359
$86,483
59,037
$574,501
j97,587
$5:7,3«7
364,677
$16,901
$20,913
$76,913
$152,690
Indiana-
Expenses
261,192
,
1877.
$283,807
283,867
,
Grand Ripids
1873.
312,214
Net earnings
Union Pacific.*—
Gross earnings
statement below gives the ?ro83 earnlnijs, operating expenses and net
earnings for the month of July ana from January 1 to July 31, of all the
loads that will f oroish statements for publication:
^uly.
Jan. 1 to July 31.—
1877.
$383,035
821,i)87
84,496
72,708
172,380
Jan. 1 to Jaly 31
1878.
Net earnings
7.961
»42,ti40
July.
.
Wabash —
6,4ia
6,250
TO JtILT
$889,532
481,675
Decrease'
7,1M
1877.
$889,251
814,769
CROSS EARNINGS, EXPENSES
Increase.
XXVIL
[Voi„
July figures in both years embrace those of Missonri River bridge.
Includes $29,018 expended in paying for new steel rails, Micuigan State
taxes,
»fcc.
,
1878.
&
Atlantic Mississippi
OhioGross earnings
Expenses, iacl. extraordin'y.
Net earnings
Burl. Cedar Rapids
Gross earnings
Operating exp'ses
&
1878.
isr:
$88^5S^
$127,411
$13^,404
$889,251
91,413
95,754
664,9.35
672,874
$36,023
$37,650
$224,316
$2.6,648
$95,007
$73,3C9
$8g8.5.33
$,5nl,958
80,968
61,011
640,516
402,704
$14,039
$12,298
$248,022
$<>9,2S4
$79,688
$68,340
$814,7li9
$483,675
54,a63
S6,7a4
346,217
2ii3,022
$21,725
$31,516
$468,552
$250,653
North.—
and taxes.
Neteamings
-Burl.& Mo. Riv. in NebraskaGross earnings
Expenses
Net earnings
Chicago & Alton—
Gro8 j earnings
Operating expenses
$174,031
$305,928
182,069
$123,859
$2,437,369
1,462,432
$974,937
$2,337,670
1,406.958
$:(30,712
& Quincy—
;.
.
Net earnings
Caev.MtVer & Del.and Brchs—
Gross earnings
Operating expenses
Net earnings
Dakota SouthernGross earnings
Operating expenses
$946,427
$329,300
5".3,"J72
45»,n9
Net earnings
International & Gt. Northern
Gross earnings
$6.?01,348
3,755,301
$370,121
$3,038,615
$2,516,017
$28,505
2r,0S9
$24,615
$208,766
181,130
$210,525
24,111
Expenses
Missouri Kansas & Texas
Gross earnings
Oper. expenses and renewals
Net earnings
Nashville Chatt.
Gross earnings
Oper. expenses,
& St. LouisIncl. taxes.
.
Net earnings
Paducah & Memphis
Gross earnings
Operating expenses
,
Neteamings
Philadelphia & ErieGross earnings
Operating expenses
$534
$27,636
$32,546
$13,070
$152,924
$96,486
Hamburg
**
"
..
short.
8 mos.
66,053
Aug.
30.
short.
26.25
Aug!
30.
short.
3 mos.
short.
20.52
80.62
20.62
*'
"
12.2V @12.8«
11.80 ©11.85
Cadiz
Madrid
Lisbon
27.87 X©27.92>i
90 days.
3 moB.
.
Bombay
51J»®52
21 9-16®24 11-16
60 days.
U.-iad.
'*
U. 7X<i.
....
....
Shanghai
3 mos.
**
short.
....
Aug
Aug.
Aug.
Aug.
"
Aug.
.
....
Song Kong...
**
nx@473i
47>i®n%
"
St. Petersburg.
25. J7
13.05
114.80
27. 10
*'
'*
27.87i/2@27.92H
'*
Calcutta
26.
28.
30.
29.
3 mos.
25 7-i6
96Ji
4.»-4
60 days.
6 mos. Is.8 5-lf rfp rupee
**
1«.8 5-16(ip.rnpee
28.
is.
is. 9%d.
i^d. per tael
$56,871
$121,574
66,389
$74,876
82,676
$55S,194
338,168
$380,413
$55,185
$41,600
$231,026
$179,908
$!)2,393
$90,022
71,360
$677,506
619,507
$"50,988
IFrom our own correspondent.!
200,505
638,011
$16,481
$18,662
$157,999
$112,977
$314,490
$374,362
$1,620,407
978,819
166,099
174,333
$1,768,015
1,2j3,703
$148,391
$100,026
$528,312
$641,588
$219,926
$353,125
l!'9,765
160,781
$1,475,686
1,3^6,579
$1,684,058
1,072,520
$20,161
$93,344
$189,107
$611,638
$112,702
84,652
$131,616
$934,675
631,8'jO
$942,610
680,9;6
$28,050
$48,733
$302,815;
$361,664
$15,130
$15,577
$115,527
13,177
9,083
93,129
$101,887
73,045
82,908
$1,953
$6,4S9
$23,398
$23,842
$214,081
$168,501
$1,475,733
$1,553,366
1,164,226
162,269
166,547
1,106,099
& Sonth.Gross earnings
Operat. and general expenses
$51,812
$6,954
$369,634
$339,140
$399,161
$3,169,378
177,493
$277,820
155,043
$2,209,461
1,285,732
Neteamings
L.& southeast.- St.L.Div.—
$121 ,668
$122,277
$7c6,788
$933,729
$51,007
$338,535
42,359
$43,665
39,161
$319,409
259,418
$8 743
$4,501
$67,157
$59,991
$"0,988
27,264
$36,268
$192,064
22,880
163,940
$177,911
150,1)8
Net earnings
St. Louis Iron Mt.
Gross earuii gs
Operating expenses
Neteamings
& Southeast.— Ky.Div.—
Grossearnings
Operating expenses
St. L.
Netearninc^s
L.& South'st.— Tenn.Div.—
Gross earnings
Operating expenses
Neteamings
Paul & Sioux Ciiy—
Gross earnings
Operating expenses
$13,988
$28,121
$27,793
$11,582
$95,4.52
$81,650
10303
10,078
71,501
71,867
$3,549
$1,451
$23,951
$9,733
$47,720
$40,597
83,428
$332,833
208,424
$S4?,337
32',605
$15,115
$12,169
$124,409
$58,241
$27,520
81, 1U5
$21,048
$207,284
152,419
$134,570
Paul-
Gross earnings
Operating expenses
Neteamings
Bo uhern MinnesotaGross earnings
Kxpenses, incl. taxes, Ac.
.
..
871,378
$3 721
Bt.
Neteamings
1,381,590
$13,352
Bt.
Neteamings
25.a3)tfR25.32J4
25.40 ©25.44
20.68 ©20.73
20.68 ©20.72
20.68 ©20.72
25.60 ©25.55
London, Saturday, Aug. 31, 1878.
The Bank return published this week is of a more favorabla
and the proportion of reserve to liabilities is now
more than 40 per cent. The improvement in the position
of tlie Bank is not due to any important arrivals of gold from
abroad, but to a return of coin from provincial circulation, and to
character,
a diminution in the circulation of notes.
Neteamings
St.
short.
3 m08.
RATE.
TIME.
rather
Gross earnings
&
RATE.
Frankfort
Antwerp
Amsterdam.
Vienna
Genoa
EXCHANGE ON LONDON.
LATEST
DATE.
Tim.
New York....
$1,406
75,917
Net earnings
Kansas Pacific-
Bionx City
Paris
Paris
Berlin
-
Expenses
St.
KXCHANOB AT LONDONAUGUST 31.
177,979
$19,191
$P,421
Gross earnings
Expenses
$7,364,218
4,325,603
$372,455
9,773
Net earnings
Denver & Kio Grande-
RAXES OF BXGHANGB XT I.ONDON AND ON LONDON
AT LATEST »ATBS.
OS-
$433,473
259,392
Net earnings
Chicago Burlingt'n
Gross earnings
Expenses....
187T.
18,811
Itl0,0u6
121,289
held by the
Bank now amounts
The supply
of bullion
to £31,998,473, against £35,029-
219 last year; while the reserve of notes and coin amounts to
£9,929,458, against £13,128,674. Five per cent seems, therefore,
exening some influence, though it is chiefly by attracting
unemployed money from the provinces. At this period of the
year, there is always a large amount of notes and coin in circulation, the requirements of the community, in consequence of the
holidays and the harvests, being upon a large scale. It is,
however, a satisfactory feature that, so far, the open market rates
of discount have not fallen much below the published rate of the
Bank of England. That rate is still 5 per cent, and it represents,
to some extent, the present value of money, 4J per cent being
to be
readily obtained even for the better descriptions of paper.
It is
no hope of a reduction in the Bank rate, as
5 per cent only suifices to bring about a slight improvement, and
that improvement is likely to be checked, should the foreign
markets become dearer. The Imperial Bank of Germany has
this week increased its terms; but the Paris market remains
easy, and as long as this is the case any further rise in the value
evident that there
of
money on
is
the London market will be postponed.
Even
after the
by no means a
strong one, and it is still quite probable that higher rates of
The demand for gold is
discount will prevail in the autumn.
now so great, and there is so much £87,333,310 looked up in
the Bank of Prance that the supply held by the Bank of England, though amounting to nearly £23,000,000, seems quite
inadequate. There is no doubt of the fact that trade is not
absorbing much capital, while our payments for ^rain are comrecent Improvement the position of the
Bank
is
—
—
but it is not a question of a trade demand for
money which is causing an increase in the rates of discount, but
a demand for bullion, which either prevents gold reaching our
paratively small;
$6 415
$2,237
$51,86S
$13,287
$53,811
80,378
$46,951
31,513
$427,184
190,175
$254,804
194,775
exportation immediately on arrival.
$32,823
$15,403
$337,0:9
$60,029
perhaps,
market
in the usual quantity, or
more
satisfactory,
which leads
but
The
there
to its purchase for
trade of the country
is
a great
is,
want of
I
:
^^h;lTRMnBn
;
:
THE CHRONICLE.
14, 1878.]
businesa being
•uliiution,
money
prPBeot rates for
Blill
5
rato
t
I
i'/i^ti(
SOandF.Oiliyn'bllla
anontbii'hlllt
i>t^*%
Pnr CAnt,
Opon-markot rstAt:
4
I
»
\
4
Open-marlcot ratal
4xa4V
*X<a*\
Q«
moiithn' bank bllla
monthn' bank blllf
8 monthi' trade
and
bills. »
I
The rat«8 of latereat allowed by the joint-stock banks and
count houses are as under:
dis-
4
4
Joint KtocKbanks
Discount hoa»ca witb
n.
4W
daja' notice
14 daya' notice
*H
•
Annexed is a statement showing the present position of the
Bank of Ka^laod, the Bank rate of discount, the price of Consols,
the average quotation lor Euj^lish wheat, the price of Middling
—
No. 40'b Mule twist fair second quality, and
the Bankers' Clearing House return, compared with the four
Upland cotton,
of
previous years
1S71.
1876.
1875.
Circulation, Inclriding
£
£
.'.
bank post bias
S7.131.633 48,65 l.S'6
Public <Ie|)oj|t«
4,ni).),9!)8
4.6»,486
Other deposits
a>,oio,iP5
lll,iOi,l»ii
£
18,4^4,564
1878.
£
£
28.S47.or'8
6,-;«3,r>84
27,6SH, 151
1877.
27.33:^,041
4,.'i0J,4ao
8,05S,M7
20,6->l,-i-J-2
13,166.376
i;.ST9,5t6
13,,19..1«9
!5,«5'l.:8:l
S3,o:3,:)i4
14,910,5f,8
16,369,78*
13,854,353
18,619,555
ll,I6«,30a
15,739,40}
£0.621,351
12,128,674
9,930,458
both dcpartmeuts ... ji,933,67T
PropiTi'on < f reserve
S9,0i!3,a38
33,709,316
S5,D39,fl9
21,998,473
Government securities.
Ottier sccurliles
Reserve of notes
and bullion
in
2«
MX
p. c.
2>i p.
94H
5ts. ad.
468.'4a.
636. lOd.
6d.
45b. M.
11-ltid.
6Xd.
lowd.
115,700.lO>)
71.217,1.1)0
71.217,1.00
Amsterdam
lOd.
4,661.000
rates of discount at the principal
Bank Open
markH.
p.
rate,
p.
c
c
Petersburg
6
2
St.
3)i
Vienna and Trieste...
Madrid, Cadiz and Bar-
3>i
3
3
3)i
Berlin
5
Hamburg
5
Frankfort.
Leipzig
5
5
5
3
New York
3^
4X
Calcutta
4
3)i
Genoa
Geneva
6
10;^d.
80,73
80,730,000
:
rate,
p. c
Brussels
c.
95>.'
Bank Open
P.ms
40-82
5 D.
c.
96
llKd.
Annexed are the current
3 p.
c.
94X
7 3-16d.
House return. 126,179 000
foreiga markets
43-58
60-93
to liabilities
Bank-rate
„
3 p. c.
Consols
Knglioh wheat, av. price Mii. 6d.
Mid. Upland cocton... 8 l-16d.
No. 40'« mule twi8t,rair
2dqn«lity
Is. OVd
Clearlni:
14,867.1-8
17,453,083
and
coin
Coin
There has been very
«
The crop in thia country will not b« «o large
bad
been anticipated, and many bellere that the eatlmateof 11,900,000
mark't.
p. c.
5
4X 4X
6®7
6®7
celona
Lisbon and Oporto
8<a4
Copenhagen
quarters lor this year's prodnctioo too Mogalnn. There
yield from 3,218.S80 acres to be accounted
ever, the
4@4X 4®4X
l«,
for,
bow.
and
11,500,000 quarters only represent a yield of about 3^ quarter* to
Hu far, the result* of thrrahing have been very variable.
the acre.
some favored
localities 5 and even
quarters to the acre are
on the other hand, reports from tho heavy-land
districts are in many cases discouraging, the yield being under an
average. The crop is, nevertheless, an improvement on thai of tlie
two preceding years, though it is far below what was anticipated ia
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 dllTdr-
In
Per cant
DlKonnt hoiiKoat call
DiKonnt noui>e!i wllh 7
certainly be experienced In eatablishlog any loiporunl rise la
prices.
are as followa:
l*ercent.
Btnk
The
conducted with caution.
273
spoken
of; but,
is somewhat startling, there being a falling off, probably, o(
some twenty.Qve per cent in the production but it is, perhape,
remarkable that the unpropltlous weather which haii visited thla
ence
;
country has also prevailed on the Continent and in the United
Slates, and that there has, in consequence, been a general curtaiU
ment of production. It is necessary, however, to bear in mind
that in this country the acreage of land under wheat has been
lightly augmented, and that in the United States, owing also to
more land being devoted to the production of wheal, the quantity
available for export exceeds that of last season by about
30,000,000 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 looking 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 the last two seasons.
The
deficiency in the countries alluded to
met; but
when we bear
in
mind
can thus be easily
that the crops
iti
England,
France, Belgium and Holland have not been harvested in good
condition, owing to the unsettled weather, it is quite probable
that the better classes of prodace will
command more remaner>
alive prices.
demand for gold for export during
We have now entered upon the new season, and are able to
have been small, and no movements of form some estimate
as to the extent of last yem's crop. According
importance are recorded. The silver market has been very dull,
to estimates based upon official reports, the total sales of homeand prices are almost nominal. Although the Council Bills on
grown produce in the United Kingdom amounted to about 8,000,'
Wednesday did not realize a higher price than Is. 7 13-16d. the 000 quarters, showing a slight decrease compared with last year.
rupee, the Indian Government announce that, on Wednesday
The imports of wheat and flour amounted to nearly 63,000,000
next, tenders to the amount of £350,000 will be received, which
cwt., and, after the deduciion of 1,704,100 cwt. for re-export, the
Is an increase of £50,000.
The last price of silver is 53Jd. per balance remaining is 95,344,700 cwt. It is estimated t'aat the
ounce.
weekly consumption of thia country is 440,000 quarters, or
The Manchester Examiner of Thursday has the following:
This is equivalent to 99,430,000 cwl. per annum.
1,910,000 cwt.
" The links in the chain which connect us with the early days
It would appear, therefore, that last year's English crop and the
of Manchester commerce are one by one being brokm. Last
-week we recorded the voluntary liquidation of a firm Kershaw importations from abroad were inadequate to our requirements
Sidebotlom & Co. (Limited) whose name in one form or another but the returns relating to home-grown produce are incomplete,
had been familiar on 'Change for fifty years, and to-day we have as they refer only to 150 markets, and consequently the totals
to announce the extinction, commercially, of a name which has
It is difficult, for
given for the Kingdom are but estimates.
been a tower of strength in the Manchester trade for three-quarters of a century.
The house of Messrs. Potters & Martin has instance, to ascertain what proportion of the supply required for
now virtually ceased to exist, the business having been purchased seed passes direct from one farmer to another, or what proportion
by Messrs. H. Bannerman & Sons."
the farmer himself retains. It is equally difficult to place an
The principal movement on the Stock Exchange has been a estimate on the quantity of wheat which farmers sell direct to
demand for Egyptian Government securities, owing to the millers but we may be assured that these are equivalent to
announcement that the Khedive has surrendered his property for 4,000,000 cwt., which is the deficiency to be accounted for. Again,
the benefit of his creditors, and that Nubar Pasha is to be his the stocks held over from last season have not been included,
Prime Minister, with Mr. Rivers Wilson as director of finance. but against those there are the stocks remaining on hand at the
Notwiihstanding the uncertainty about money, the markets pre- present time, which are tolerably extensive, though not considersent a firm appearance, and, on the whole, the tendency has, dur_ able. There has, in fact, been a large consumption of bread in
ing the last few days, been favorable. Since the last account, this country during the season, which is due to the low price and
however, many weak speculators have been compelled to realize; to the fact that, in bad times, bread is more largely consumed, as
and, consequently, prices, especially ia the department of it is the cheapest means of subsistence.
British railway shares, have experienced a relapse
but the marDuring the week ended Aug. 34, the sales of home-grown wheat
kets are now healthier, though somewhat sensitive.
United in the 150 principal markets of England and Wales amounted to
States Government securities have been in demand, partly for 26,378 quarters, against 19,183 quarters in the corresponding
exportation, and have been steadily improving in price. Ameri- period of last year; and it is estimated that in the whole Kingdom
can railroad bonds have also attracted attention, and, in most they have been 105,130 quarters, against 76,750 quarters. Since
Instances, prices are higher.
harvest, the sales hiive amounted in the 150 principal markets to
Tenders will be received on Monday for £1,533,000 in Treasury 2,019,536 quarters, against 2,031,810 quarters; and it is estimated
Bills, of the usual amounts, having three and sir months to run.
that in the whole Kingdom they have been 8,100,000 quarters,
The weather during the week has been unsettled, and the against 8,127,350 quarters in 1876-7. These figures comprise a
progress of harvest work has been much delayed.
Rather a ptriod of 52 weeks, and consequently an agricultural year.
the week.
The
little
arrivals
—
—
,
;
firmar tone has, in consequence, pervaded the wheat trade, but
has arisen more from a reluctance on the part of holders to sell
it
than from an increased desire on the part of millers to buy. An
increase of firmness is, no doubt, j uglified, but difficulty will
Without reckoning the supplies furnished ex-granary at the commencement of each season, it is estimated that the following
quantities of wheat and flour have been placed upon the British,
markets in each of the
last
four seasons:
;
:
—
:
.
THE CHRONKJLK
274
1874-6.
1877-8.
18T&-7.
1875-6.
cwt.
cwt.
64,0-J3,'057
45,163,i)56
51,95-3, ISt
7,9ao,69J
35,0O5,OJO
6,5«7,376
35,418,100
B, IB 4, 793
36,384,700
43,418,87i
6.7I4,:01
43,315,600
96.943,751
1,;04,OJ8
66,954,502
909,833
97,602,274
93,448.473
M8,775
26(1,138
95,244,713
Reenit
Aver, price of EuE. wheat for season 4)8. lid.
86,014,869
6,563,491
478. 5d.
93.132,335
Imports of wheat
Imports of flour
Baleaof home-growo produce.
—
Total
Bxporte 6f wheat and flour
548. 7 d.
2— Bark Scad
Curacoa.
2— Str. C. of Rio de Janeiro St. Thomas
4— Sir. Crescent City
Aepiuwall
Sept.
Sept.
Sept.
5— Str.
Amer. silver
Amer. silver..
Amer. silver ...
Foreign tiiver
Amer. gold ....
Q'ld dnst
Foreign goid .
Amer. silver..
Amer. silrer...
Amer. gold
City of Washington.Havana
5— Str. Santiago de Cuba. .. Havana
5— Brig Emily
$1,100"
14,963
12,076
19,687
.
300
2,943
1,500
4,315
3,174
.
Belize
Foreign gold..
272
40
Amer. silver...
Amer. gold....
1,100
. .
44s. 6.1.
The following figures show the imports and exports of cereal
produce into and from the United Kingdom during the season
juBt ended, viz., from the 1st of September to the close of last
week, compared with the corresponding period in the three previous years:
XXVn.
[Vol.
Sept.
Sept.
Sept.
;
-
Sept.
6—Str.
Aspinwall
Ailsa
770
Foreign gold..,
35
GoldduBt
700
Total for the week (|;56.415 silver, and $6,.560 gold)
Previouslv reported ($9,969,074 silver, and $4,766,667 gold)
t6!,975
14,';37,741
IKPOBTS.
1876-7.
45,153,926
12,686,914
12,640,889
1.309,689
4,689,884
83,850,664
6,567,676
1877-8.
Wheat
cwt.
54,023,(:57
Barley
Oats
Peas
14,132,S13
18,487,938
Beans
8,873,624
39,014,668
7,980,69i
Indian
Flour
1,92.:,761
Com
1875-6.
;4,»58,7s:
8,161,173
12,674,736
1,510,891
3,318,340
32,793,488
6,164,793
1874-5.
43,414,672
13,21 ;,036
11,138,908
1,8>2,046
2,931,897
17,0!l.868
6,714,101
906,031
3, 551
207,086
168,514
357,'730
6.3,416
EZPOBTS.
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian
Flour
859,977
52,714
83,279
1,610,6(6
64,001
15,104
20,612
20,683
245,015
63.392
..
Com
84,161
31.B54
580,561
3!<,744
19,3ul
10,901
8,633
47.719
59.058
57,992
38,744
49.li56
Uaxllsb flarKet Reports — Per Cable.
The iaily closing quotations in the markets of London and Li verpool for the past week have been reported by cable, as shown in
the followini;
summary
—
The bullion in the Bank
of England has increased £460,000 during the week.
Fil.
Bat.
Mon.
Tues.
Wed.
Thur.
94 15-16 94 13-16 91 15-16
Consols for money.. 94 11-16 91^
9iU
London Money and Stoik Market.
" account.. 91 15-16 94 15-16 95
0.8.6b (5-SOb) 1867.... 107Ji
107?j
107Ji
lOSitf
D. 8. 10-40S
l(8^i
103!i
95 1-16
94 15-16
95 1-16
107Si
108!4
10;>i
10S>i
U'Sii
106
108 ?i
105 H
lO^H
108K
108K
106
irsji
105X
106X
106X
See
Ootton
Marktt.
special
report
of
cotton.
Liverpool
Liverpool Breadstujfs Market.
Sat.
Hon. Tues.
Wed.
Thar.
Frl.
5sofl881
New4Ji8
—
86
"8
«
Peas (Canadian)
10
10
10
23
Quarter. 33
1
4
3
6
8 10
10 1
10 4
2i 3
33 6
8
10
10
8.
67
bbl 49
Pork (W't.
B«con(l'gcl. m.).... #cwt 32
Lard (American).... "
37
Cheese (Am. ane) new "
44
tc.
mess).... 1^
. .
3:3
33
—
Mon.
Sat.
V
d.
6
s.
6
(
67
49
31
87
43
d.
s.
26
Liverpool Provisions Market.
Beef (prime mess)
d
s.
38
s.
s.
67
8
8
4
3
6
10
10
23
33
4
3
6
48
31
38
43
8
d.
d.
s.
36
8
Wed.
Tues.
d.
6
d.
36
26
8
10
10
8"8
8
33
33
3
6
S3
Thur.
4
S
8
Prl.
s.
d.
s.
d.
(i7
6
67
47
31
87
43
6
6
67
47
d.
6
6
3
31
3:
8
«
43
31
37
43
9
and
$1,775,337 gold). .114,800,716
Same time in—
1S77
1876
1875
1874
1873
The transactions for the
as follows:
week
1872
1871...
1870
1869
1868
at the
$2,916.,347
7,632,509
7.900.4.33
9,834.124
5,748,917
Sub-Treasury have been
-Receipts.
Sept.
Customs.
Coin.
$340,000
8666,9iil 17
519.000
311,000
315,000
4:7,000
305,000
9...
10..
11..
12..
13..
576,594
893,449
357,:80
734,5(1
331,809
,
,
Currency.
39
68
68
29
54
-^Payments.
Coin.
$428,189 54 $1,560,593 93
644,305 16
370.045 56
3rti,005 99
595,535 83
56^,408 87 1,780,086 07
379,445 53
62:),653 35
449,089 69
870,270 21
Currency.
592,390 39
1,177,4.59 88
464,1.38 09
70T.471 97
451,993 31
523,731 39
Total
12,300,000 83.568,156 75 $2,e4ii,444 68 $5,106,231 34 $4,217,177 OS
128.919,53193 43.6'i6,352 81
Balance, Sept. 6
" 13.
Balance,
125,433,304 39 47,195,6iO 43
—
Pacific Railroad Land8. A circular of instructions has been
issued by the commissioner of the areneral land office, in accordance 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 declaratory 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
Washington.
are named as those whose grants
are clearly under, or subject to, the terms of the Act of July 1,
1863, 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, 1873 Union Pacific, Central Branch, completed Jan.
Denver Pacific Railroad, completed May 3, 1872
30, 1873
Sioux City & Pacific, completed March 3, 1869 Central Pacific
Railroad, comf)leted July 15, 1869; Western Pacific Railroad,
completed Jan. 31, 1870.
;
10
10
23
4
1878 ($10,015,489 silver,
The following companies
d.
s.
1,
$10,66t,&30
8,620,148
6.685,b08
4,014,254
3,077,410
office in
—
d.
s.
«bbl
Wheat (R. W. spring). »ctl
"
(Red winter)
" (Av. Cal. white).. "
"
(C.White club)... "
Corn (new W. mil.) ^ qnar.
Floor (extra Sute)
ToUl since Tan.
Same time In
s.
42
;
;
;
—
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, $2,160,839
rentals, $264,000
expenses, $878,578
profit
and loss, $17,000 year's surplus, $349,000 total assets at original cost, $13,313,165; capital stock, $5,938,300; bonded liabilities,
The following directors were elected for the ensuing^
$3,367,000.
year George ,M. Pullman, Charles Q. 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 'hat the Angell defalcation was $113,000, or $5,000
less than was at first reported.
Vigorous measures for Angell'i
arrest have been taken.
;
;
;
;
;
®0mmjevcial and W^isctXlmuons 2lc vus.
—
IilFORxa AND Exports for thb Week. The imports last
week showed a decrease in both dry goods and (fenersil
merchandise.
The total imports were $5,085,487, atrainet
16,120,801 the preceding week and ^4,933,300 two weeks oreiouB.
The exports for the week ended Sept. 10 amounted to
18,087,836, against *7,635,433 last week and |7,011,880 the preyioasweek. The lollowint; are the imports at New York tor
Western Union Telegraph Company.— The report for the
week endini; (for dry goods) Sept. 5 and for the week ending quarter ending September 30, 1878, furnishes the following
In
:
;
:
merchandise) Sept.
(for general
rOBEIeM IMPORTS AT
„
,
Drygoods...
General merchandise...
Total for the week.
Previousfy reported....
Since Jan.
1
6:
NEW YORK FOR THB WEEK.
1875.
1876.
81,619,9)5
2,760,248
11,711)43
1877.
»1,497,083
3 399,255
2,573,613
1878
$2,000,241
3,085,246
|4,380,i:)3
|;4,117,6!!8
341.477,720
199,685,901
84,075,786
227,388,511
192.915,743
1245,657,913
1801,033,608
t231,(64|237
8"l9S.001,2SO
_
r5.fi85,487
In our report of the dry goods trade will be found the imports
of dry
one week later.
is a statement of the exports (exclusive of specie>
from the port of New York to foreign ^
ports for the week ending
*
goods
for
The following
the report presented by the Executive Committee at the last
quarterly meeting of the Bjard, 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 $8.58,329,
or $8,689 less than the estimate.
The following revised statement, based upon complete returns, will show the condition of
the company at the close of the quarter ended June 30, 1878
:
Surplus April 1, 1876, as per last quarterly report
$188,869
Net profits, quarter etded June 3J, 1873
858,329
Amount charged into the current expenses of the year ended June
80, 1878, for material and supplies which were on hand and paid
for, but which were not included In the surplus
S0,S15
Sept. 10:
EXPORTS PBOM
^
16,3)6,185
Previously reported....
167.379,4.53
«n3,735,6;i
1.
t6,417,217
175,312,833
1877.
86.007,457
183,793,5:5
f8,087,836
230.943,9:8
8131,730,039
8133,806 032
8339,036,754
187.'.
...
Since Jan.
Total
KEW TORK FOR THE WEEK.
. l^*"*-
..
„
Fortheweek
Ihe toUowmg
1878.
will show the exports ot specie trom the pori of
the week ending Sept. 7, 1878, and also a comparison of the total since Jan. 1, 1878, with the corresponding
totals for several previous years
Sept. 5— Str. Herder.
London ..
Amer. silver dols.
$1.5,710
New York
Sept.
Sept.
6— Str.
Dividend of t>i per cent, paid July 15, 1878
$625,9)6
Interest on bonded debt
107,976
Interest on amount due for purchase of At.& PacTel.stock
*,171
Sinking-funds appropriations
20.000
Construction account
40,6.33
Purchase of sundry telegraph stocks, patents, etc
11,901— $708,630
for
1
.
Castilla.
7—Str. Donau
Barcelona,
Sn
London
.
.Span. silTtr dols
.
2,000
.Amer. silver bars.
32,000
ToUl for the week (849,710 silver, and
gold)
Previously reported ($4,485,457 sUver, and $5,763, 140 gold)
Tot^slnceJan.
Same time In—
1877
1,
Same tline in—
}£<
IfiJ
IflW
57,252.880
1825
The imports
41,841..3:)2
1871
1870
1869.
1868
1867
1356
of specie at this port during the
been as follows
no
10,218,597
1878 (#4,535,167 silver.and $5,76-3,140 gold)... .$lo!293i807
#23,03),2.6
89,63e,6'2
63.450,072
42,171,448
Igf
ti>,
'.
$51,817.9:12
47.419,404
25,274,067
65,352,056
41,315,250
63,540.753
same periods have
$1,077,108
Prom which deducliog—
There remained a surplus, July 1, 1878, of
profits for the quarter ending Sept. 30,
The net
$369,088
...
inst.,
based upon
returns for July, nearly complete returns for Angust, and
estimating the busines's for September, reserving amount sufflclent to meet the claims of the Atlantic
Pacific Teiegraph Co.
under existing agreements, will be about
$1,001,364
Add surplus July 1, as above
369,li63
official
&
From which
Interest
Interest
appropriating
$1,370,448
on bonded debt
$107,000
on purchase of Atlantic A-Paclfic Telegraph stock.
8,000
Construction, purchase of stock of leased lines,
Sinking-funds appropriations
&c
50,010
20,030— $179,000
Leavesa balanceof
A
dividend of IX per cent on the capital stock outstanding requires
Deducting which, leaves
In view of the preceding statements, the committee
mend a div dend of li per cent, payable Oct. 15.
$1,191,448
525,938
$665,518
recom-
.
. .
THE CHRONK.'LE.
Hki'thmiikb 14, 1878.J
276
Clotting prices of seci
"NTNatTocuil B«nk» organized durioir the pa»t week.
Thcfollowlnz dl»t4and» h»Ts recaatiT
Nam
1>««1
anaoniiead
Whxn Booxa Closco.
C»KT. Payabli. (Days Includve.)
or CoMrANT.
Lchlsh Vall.y qimr.)
Tcenl. £ Hull. Klv. (qncr.)-.-N. y:~
Oct.
Oct.
Jeffenon
On dem.
luauranre.
8«pt. 17 to Oct. 18
*
P»cl(lo
Telegraph
Sept. SO.
Oct. Ik
(qaar.)..
(qaar.)
.
.
1^
.
Sept
HI tu Oct. IS
still
collaterals,
paper can be sold below 4 per cent.
The last Clearing-House statement of the
showed quite a material
New York
city banks
amounting to
over that amount in their
with a decrease of a little
net surplus reserve over 25 per cent of liabilities. This indication
of the outflow of currency for trade purposes is the first that has
occurred this season of any importance, and it was a little
remarkable that the very heavy grain movement in August had
80 little effect on our money market.
The Bank of England weekly statement on Thursday was
favorable and showed an increase of £460,000 in specie, and an
increase in the percentage of reserve to 45| per cent of liabilities,
from 41 11-16 the previous week, but no change was made in the
The Bank of
remains at 5 per cent.
Fiance lost 10,800,000 francs during the week.
The last statement of the New York City Clearing House banks
issued i-ept. 7, showed a decrease of $3,448,975 in the excess
above their 35 per cent legal reserve, the -whole of such excess
discount rate, which
being $13,458,800, against $16,907,775.
The following table shows the changes from the previous
and a comparison with the two preceding years.
1878.
week
Differ'nces fr'm
1877.
1876.
previous week.
Sept. 8.
Sept. 9.
Loans aud dis. $243,432,900 Inc. $4,001,200 $243,920,800 $258,431,100
22,778,400
10,961,600
47,200
16,953.100 Dec.
11,371,200
15,568,400
376.400
19,062,300 Dec.
..
231,069,500
210,574,100
Inc.
547,100
216,711,200
Net rtei>o9it9
57,529,000
45,303,900
50,683,500pec. 3,265,000
Legal t«uder8.
Sneoie
Circulation
—
United States Ronds.
he leading dealers report a conDuring the early part of
tinued activity in government bonds.
the week it was observed that the foreign bankers were again
free sellers of the fives of 18S1, and it was estimated that the
'1
two or three 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:
T
Interest Sept.
Period
6s,
6«,
68.
69,
68,
68,
1881
1881
.0-208,
68,5-208,1868 .coup.
reg.
58, 10-40S
coup.
68, 10-40e
S8, fluid., 1881. ..reg.
58, fund., 1881..rx)up.
4'«8,
rog.
coup.
i'iK. 1891
rog.
48, 1907
48, 1907
coup.
68, cur'oy , '9.5-99 reg.
.
This
is
the price bid
class of
105^4
IO514
107
107
106 14
106 »8
107
107
106 14
106 14
10.518 10518
1071a 1071a
•10714 •107 Se
•lOOig •106
10618 10618
10618 106
106
10018 106
106
103% •1031a •10338
103% 103 12 1031a 1031a
lOOOs 1001-2 •xnnia •9912
100 08 100 12 •100 la •100%
119% 119'8 1197h •119%!
no sale was matle at the Board.
;
in prices since Jan. 1, 1878,
bonds outstanding Sept.
Range
1,
1878,
since Jan. 1, 1878.
Highest.
Lowest.
1881.... op. 105 18 Feb. 25 110%
6e,5-20s,'65.cp. IO214 July 22 105%
68,5-20a,'67.01). IO4I2 Aug. 12 10808
6«,.5-20fi.'68.op. 106% Jan.
2 111 I4
58, 10-409. .cp. lOS-'s Moh. 1 109%
58, fun(l..'81.op. 102% Feb. 25 107''8
8e,
4Js8, 1891 ..cp.
48, 1907 ....cp.
68, cur'ncy.reg.
Sept.
11.
•loe^s
10618
10368
mni
The range
9.
Sept.
12.
Sept.
13.
108
108 >« 107'8 107''8 •107% ^107%
'10818 10778 •107% •107%:*107%
108
102 >3 1021a •102 1« •10212 '1021a! 102=8
10212 '102iii •102 1« •IO212 •102 12^102 la
105 k IO514 •1051s IO514 IO514 *105i4
reg
coup.
1865... reg.
5-20s, 1865 .coup.
5-20S, 1867... reg.
5-20S, 1867 .coup.
68,5-208, 1868... reg.
*
Sept.
10.
Sept.
lOfeMch.
lOOHJuly
1
1
I1714 Apr.
5 12218
105
102%
105i4*10.'->i4
•107 !*107
107i2>107ia
106i8,*106i8
•10618 10618
lOBie
106
106
106
10308
1031s
•99 la
1031a
103»8
100 1«
99 la
100 la
119% 119%
and the amount of each
were as follows:
Amount
Registered.
Sept. 1.
Coupon.
Jimc27 $196,751,6.50 $85,984,700
43.315,80(1
June 6
48,447,300
June 27 108,815,400 201.7!)W.700
June 28
21.4'J4.300
16,041,000
July '-9
July 30
Aug. 17
Jan. 9
May 25
1878.
loo's Jans 8
Ill's July a6
100% July »
lOTVi July 30
Important feature int
Eastern
sale at auction of qnito a line of
State securities at full prices, aa will appear by reference to the
their debts, presents a striking contrast.
New
Ix>ulsianaH are stronger
Orleans, on the prospect or the hope that the
yellow fever has already reached its climax, as to-day's telegrams
appear to be much more favorable. South Carolina consols are
finnly held; Virginia bonds are strong, and the buying demand
for deferred certificates is
known who
is
the
still
noticed, although
party placing confidence
"fancies" of the State
it is
not cloarl/
those rather
tn
list.
bonds are quite firmly held, on a moderate business.
The bonds of the yellow-fever roads have been rather stronger as
the prospect of improvement draws near.
The Committee on Stock List of the Stock Exchange, in response to the application of the Kansas Pacific Railway to hare
their second mortgage (land grant) bonds placed on the call, submitted the following recommendation, which has been adopted
by the Governing Committee:
The committte recommend that the!e second mortgage bonds, with coapon
Mirch 1, 1 -74, and thereafter, be placed on the regular Hat, and called
on, dae
Kaneas
Pacific second
mortgage bonds, Taadal^o be called with conpon
fir.-t maturing seven coupons.
144,280,800
239,689,800
157,377,750
98,130,300
64,623,512
.')(),28.->..'')00
2«M.7.")<>.5.'')0
02,622,250
43,719,700
certifl-
Catc $157 50 in lieu of the
The Governing Committee has also adopted the following
recommendation of the Committee on Stock List, in regard to the
application of the Nashville Chattanooga & St. Louis Railway to
have $630,000 bonds on branches and $6,560,000 stock placed
on the list:
The Committee recommend that this rtock and the two classes of 8 per
cent bonds be placed on the free list, the latter to be designated Nashrlllc
Chattanooga & St. Lonis first mortgage a per cent "Teuneseee & Pacific
Branch," ditto firet mortgage 6 per cent "McMlnnTiUe 3i Manchester and Winchester & Alabama branches."
at auction this week
Bonds.
$2,000 N. Harapshlro 68,1904 113%
$12,000 Mass. 5s, gold, due
4,000 Brooklyn 78, bridge
1883 and 1894..104i8-3illli4
bonds, 1920
.116%
25,000 Ohio 6s, reg., due '81
101i4ffil08ia
4,000 N. Y. Co. accumulated
and 1886
debt 78, due 1884, 108
4,000 Uliodo Is. 68,reg.,'82..106ia
and int.
30,000 Conn. 58, reg., ^97. ..IO6I4
2,000 Iowa 78, coup., '81.... 104%
6s,coup.,'83..107
4,000N. Jersey
The following
securities
were sold
:
Shares.
.
,
1,
HUdiMt.
llailroad
falling-oft in legal-tenders,
$a,20.>,000,
Sept. 7.
waa the
here and in
easy at 1^ per cent for call loans on government
and 3@3 per cent on ordinary stock collaterals. Prime
conuuercial paper of three and four months' time is quoted by
the brokers at 4@5 per cent, while some very choice sixty days'
is
Lowest.
below reported. The nngo of prices of these bonds, as
compared with those of States which have repudiated orneglected
FRIDAY, SEPT. 13, 1878-5 F. OT.
The Money Market and Financial SI»uallon._Tlio money
market
Bange sIiim Jan,
S»
sales
mmrcllanronN.
WeMera Union Telegnph
T- tt
and Railroad Ronda.^The moat
State bonds
Railroads.
Atltntic
New 4<« Iter oenta
State
An«.
30"
107
5»of 1981
:
In
l07^ 107«» 10l»«Jsn. 2
lOAU 108 >• 108 >• 104>t Fob. 25
107\ 10««« 10811 lOSVtUoh. 1
102% Feb. 25
1051fl las')* 10«
0.8.68,5-208,1867
U.S. »8, l(MOs
OIVIDBNDII.
> followH:
London have been
ritlefi
60 ThePage,Kidder&FIetcb100 Bank of Manhattan Co. 131 %
er
128
25
133Pacinc Bank
200
United States ExpreBS Co. 49%
Bank
120%
110 Merchants'
50 Brooklyn Oaslight Co
150%
300 People's Bank....ll0%ami4
127
20 New York City Ins. Co.
60
50 MeAanics' Nat. Bank
40 Tradesmen's Fire Ins. Co. 132%
25 New York Gaslight Co... 91%
Niagara
Fire
190
50
Ins.
Co
112
20 Manhattan GasligUtlCo
59 Peckskill Gaslight Co.... 101
13 NiutnNat. Bank (n. s.)...100
Closing prices ot leading State and Railroad Bonds for two
weeks past, and the range since Jan. 1, 1878, have been as follows:
. .
. .
Sept.
States.
Sept.
13.
Range
since Jan.
73
73
69% June 8 85
•102% 103 102% Aug. 23 108
•16% •16% 15 Mch. 29 18
Louisiana consols
Missouri 68, '89 or '90
North Carolina 6s, old
Tennessee 6s, old
*330e
Virginia 68, consol
do
2d series..
do
Dlst. of Columbia, 3-658
—
Railroads.
Central of N. J Ist consol
Central Pacific 1st, 6s, gold..
Chic. Burl. & Q. consols 7s.
Chic. & Northwest, cp., gold.
Chic. M.C& St. P. cons. s. f. 78.
Chic. R. I. & Pac. 6s, 1917...
Erie 1st, 7s, extended
.
.
•33
33
•72% •72
•31% 29
•78% •79% 74
•29
Sept.
1,
1878.
Highest
Lowest.
9
July 31
Apr. 12
Feb. 11
Jime22
May 25
3908 May 14
31
85
Sept. 10
June 10
64% Mch.
105 's IO309 10308 Jan.
113% 113% 109 Jan.
99 14 91''8Jan.
99
9308
94%
108% 108%
115
115%
112
113%
111% 111%
117%
4 90 July 11
15 10808 Juno 28
2 113% Sept.ll
14 103% May 31
91%Jau. 5 102% .May 25
106 Jan. 5 110% June 28
110 Jan. 7 116% July 8
109 Jan. 10 112% Sept. 10
105% Jan. 5 II214 Aug. 24
115% Jan. 5 120 Apr. 29
117%8ept.l0 122 June 26
8. & M. S. Ist cons., cp.
MUiliigau Central consol. 78..
Morris & Emox Ist niort
118%
N. Y. Cent. & Hud. Ist.cp....
•99
•99% 95''8 Feb. 20 10218 Juno 27
Ohio & Miss. cons. sluk. Id.
119 118 Feb. 8 121% Juno 13
Pitts. Ft. \Voyno& Chic. 1st.. 118
104
103 103 Apr. 5 109% May 24
St. Louis & Iron Mt. 1st
10508 105% 10308 Jan. 7 10808 June 28
Union Pacific Ist, 6s, gold
•99% 100
9238 Mob. 6 105% July 9
sinking fimd
do
• This is the price bid ; no sale was made at the Board.
Lake
m"
m
Railroad and miacellaneoua stoeKa. — The stock market
has been somewhat irregular, showing considerable .strength
One of
early in the week, but falling off again toward the close.
the principal movements was an advance in the granger stocks.
Northwest and St. Paul, on Wednesday and Thursday, but the
advance then made was not sustained to-day. The reports of
earnings on the Western roads, except St. Paul, are generally
good for August, as will appear in the table of earnings to D»
found on another page. Western Union Telegraph has been on»
of the strongest stocks, and again rumors are circulated that t^
surplus stock held by the company, will probably be distributed
as a scrip dividend.
—
...
:
The
daily highest
and lowest
prices
Tuesilav,
Sept. 10.
-Cnntral of N..1J 34
Ill
Chic.
---Barl.& Q.
- Mil.
& St..V.
C.
do
Chtc.
A
84,"4
111
K.
* Pac.
CDel.A
U. Canal
sW
Brio
St. Jo..
pref.
do
38H
Michigan Cent
Morrla A Essex
N.Y. C.&H. 11.
51
52"
1391
13%
B9^
7o;
83
83
91
American Kx..
United States
.
Wells, Far^o..
.<2nlcksllver
pref.
do
'MU
95H
•04^ 105
4S>s 4S«
49
49M
-voa
JUama Exp
91
•la
•30
>'.'.'.'.
35
* These are the prices bid
i2Ji
35
ana asked no sale was made at the Board
Total sales this week and the range in prices since Jan. i, 1877,
:
City .July
1,
Whole year
1878, to date.
•Central of N. J
Burl.& Quincy.
Chic. Mil. &St. P.. ..
do
do pref.
Cliio.
Chicago
do
& Northw.
do
Chic. Rocklel.
l)el.
.
iiref.
&
Pac.
& Hudson Canal
& Western
Del. Lack.
Erie
Hannibal
do
&
Jo.
St.
do
.
pref.
2,710
1,345
48,a00
49,933
53,620
111,754
1,260
1,055
73,720
27,970
6,080
4,230
HUnois Central
959
I.ake Shore
Michigan
Morris
Cenft'al
& Essex
N.Y. Cent.&Hiid.R.
Ohio & Mississippi
.
.
83,193
13,658
1,718
2,342
4,090
Pacillc Mail
2,2.59
Panama
Wabash
Union Paciflc
Western Union
Adams
Tel. .
5,930
17,920
29,987
Express
American Express..
United States Exp.
Wells, Fargo & Co..
100
65
238
95
.
•Quicksilver
do
pref
Total sales of the
St.
Sept.
9
....
10...
11 ...
12 ...
13...
Total...
week
St.
Highest.
Lowest.
I312 Jan. 2
9914 Feb. 28
271a Sept. 2
Sept.
Ix)w. High.
"
37%
"
"
"
64%
Sept.
45 14 July 11
114% July 15
2
5478 July
8
84%
9
July
321a Aug. 10 55 14 -4pr. 17
59% Feb. 9 79'3July 11
98% Jan. 15 II9I2JUUO 7
45 Jan. 5 5978 July 10
4638 Mch. 5 ei's July 10
75g Jan. 5 18% July 31
10 Feb. 28 lei^Sept. 5
2158 Feb. 28 40 Sept. 5
72% Feb. 14 87 July 11
aS's June 29 69 14 Apr. 15
58 15 Jan.
7258 Apr. 18
67% Feb. 28 89 June 10
103% Feb. 11 115 Sept. 5
6% June 29 III4 Apr. 15
14^8 June 21 23^8 Jan. 16
112 Jan. 5 131 Feb. 2r
12^8 June 26 20% Apr. 5
6
94
118^8
4218
11
407el 7314
4373
15
37% 69 13
82 >« 1051a
25I2 7412
SO's 77
438 15
7
17
40 la
45
If"
33 'i
79
73%
3558
7414
921a
85I4 109 14
21a 11%
12'e 26I4
51 14
80
130
were as follows:
Paul North- N'rthw. Del.
L.
& West.
Paul.
pref.
west.
pref.
4,300
5,900
4,925
16,190
8,750
8,335
4,575
5,225
5,354
17,139
11,390
6,250
4,000
7,300
3,600
12,900
16,815
9,005
9,300
13,258
12,500
37,790
22,550
16,356
48,900
49,933
53,620 111,754
Lake
Erie.
Shore.
9,310
3,900
6,260
3,910
2,700
1,800
8,843
6,550
30,200
11,500
10.400
15,700
73,720' 27,970
83,193
6,400;
13,600
27,900
10,900
7,520
7,400
Whole stock. 154,042 122,794 149,888 215,256 524.000 780,000 494.66
total number of shares of stock outstanding is given in the
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
4ates are given below. The statement includes the gross earnings of all railroads from which returns can be obtained. The
columns under the heading "Jan. 1 to latest date" furnish the
^ross earnings from Jan. 1 to, and including, the period mentioned in the second column.
Latest eami ngs reported.
^ -Jan.l to latest date
_
—
Week or Mo.
Ateh.Top._&S.F. August
—
1878.
>
1
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
051,499
483,675
156,058
9,230.572
2,942.977
6,301,348
. .
.
. .
•
5,606,000
243,179
4,418,629
2,261,027
1,770,521
1,032,110
934,675
244,514
96,486
482,526
451,246
526.256
5,777.702
489,664
517,367
5,862,233
2.789,373
3,121,012
819,661
756,223
866,927
2.017,221
2,007,405
923,781
942,640
126,792
1,475,733
1,553,366
12'2,924
705,394
518,512
630,513
5,872,677
612,910
574,500
5,718,904
3,043,385
3,474,529
953,362
795,904
795,967
August earnings Include those on Springfield Division.
16 521
7, ,813
4: 090
40 ,597
317,135
2.583,626
1,984,866
362,434
204,571
93.931
248,337
332.83.'}
1,033,,592
145,890
207,284
427,184
863,933
6,764,808
7,026',000
531 222
3,14 /,365
2,879,099
....
27,.520
21 ,048
53,201
27,772
46 ,951
28 ,586
closed to-day at
134,576
254,804
722,722
after selling
lOOJ^,
Balances.
Gold
Clearings.
Clos,
Gold.
Currency.
I
$8,378,000 $1,0S7,934 $1,041,685
7,397,000
830,500
835,203
13,338,000 1,073,000 1,078,295
8,143,000 1,411,000 1,373,627
10,570,000
960,703
964,015
12.. 100i4l00i4'100i4 10014
13.. 100 14 10014,100% IOOI4
This week 100%' 100 Is' 100% IOOI4
Prov. w'k 100 l;j 10014; 10058 100%
S'ce Jan. 1 10278 1001?' 102^8 10014
The following
46,788,000
$747,000
$751,043
are quotations in gold for various coins:
Dimes & I3 dimes.
98
Silver 14s and les.
Five francs
Mexican dollars..
English silver
Prus. silv. thalers.
Trade dollars
New silver dollars
—
® — 9858
— 98I3® —
— 90 ® — 99
92
— 88 ® — 90
4 73 @ 4 85
— 68 a> — 70
— 9712® — 98%
— 9973® — par
Exchange. —Foreign exchange showed some
little activity
$4 84 a)$4 88
Napoleons
8 84 ® 3 88
X X Reichmarks. 4 75 ® 4 80
X Guilders
3 90 ® 4 10
8pan'hr)oubloons.l5 65 -SIS 90
Mex. Doubloons. .15 45 •S15 60
Fine silver bars .. II212® 113%
Sovereigns
par.-® i4prem.
Fine gold bars
Wednesday's steamer, in consequence of purchases of sterling
bUls made by the importers of United States bonds. After their
wants were supplied, there was very little demand, and rates fell
Leading drawers made an advance to-day of j point in the
oil.
their asking rates, but this checked business, and on actual transactions rates were about 4'81i@4'81i for sixty days' sterling and
4 '86 J for demand.
For domestic bills the following were rates on New York at the
undermentioned cities to-day: Savannah, buying f offered, selling
J offered; Charleston, f@5 16, i@par; New Orleans, commercial,
3-16, bank J; St. Louis, 50 discount; Chicago, 35 discount; and
Boston par.
Quotations for foreign exchange are as follows
Sept. 13.
114,390
:
60 days.
3 days.
Prime bankers' sterling bills on London. 4.81ia®4. 8212
Good bankers' and prime commercial... 4.81 ®4. 82
Good commercial
4.80 ®4. 8II3
Documentary commercial
4.79 ®4. 80 13
5.217e®5. I8I9
5.21 78®5. 1818
5.2178®5, 1818
(f raucsi
Antwerp
(francs)
Swiss (francs)
Amsterdam
(guilders)
,
Hamburg
(reichmarks)
Frankfort (reichmarks)
Bremen
(rei'.hmarks)
Berlin (re.chmarcks)
Boston Banlm,
,
i
—The
397ea
9418®
9418®
9413®
9418®
40
94^
94%
94%
94%
4.86i4®4.87
4.85i2®4.86i3
4.84i2®4.85i3
4.83ia®4.85
5.19%®5.16i4
5.19%®5.16i4
5.19%®5.16i4
4018® 4OI4
~~9479® 93%
9473® 9319
947,
94783
951a
951a
following are the totals of the Boston
banks for a series of weeks past:
Loans.
.
1877.
$467,000 $255,572
Atl. & Gt. West. .July
303,601 301,730
Atlantic Miss.& O. July
127,441 133,404
Bur. C. Rap. & N.lst'wkSept
29,661
35,917
Bnrl. <&Mo.R.inN.Jnly
79,688
68,310
Cairo & St. Louis. August
20,686
17,176
Central Paciflc. .July
1,517,000 l,39i;867
Chicago As Alton.. Istwk Sept 108,512 113,580
Chic. Burl. & Q...July
946,427 829,300
Chic. & East. Ill Ist wk Sept
17,3 13
15,333
Chic. Mil. &St. P.lstwkSept 178,000 227,817
Chic. R. I. & Pac. June
568,217 536,235
Clev.Mt.V. AD. August....
34,413
33,989
Dakota Southern. July
19,194
13,070
Denv. <fe Rio 0...1stwkSept 26,500
17,541
Detroit &Milw... July
Dubnque&S.City.lstwkSept
18,055
-..
24,096
„
Erie
May
1,172,9611,234,095
•Gal. H. &S. Ant. July
83,877
66,212
Grand Rap.&Ind. June
93,263
86,485
<Jrand Trunk. Wk.end.Aug.31 175,208 190,050
Or't Western. Wk.end.8cpt. 6
91,569
88,493
*111. Cent. (IlI.lme)Augu8t....
562,160 564,889
do Iowa lines. August
98,537 127,575
Indianap. BL&W.3dwk Aug
31,329
31,018
Int. &Gt. North.. August.... 118,461
115,939
Kansas Paciflc. .IstwkSept 108,014
86.989
Mo. Kans. & Tex. August.... 294,835 323,347
Mobile & Ohio. .July
95,676
96,932
Nashv. Ch.& St. L.July
112,702 131,646
Pad.&Elizabetht.3d wkAug
6,952
7,797
Pad. <feMemplil8..3d wk Aug
3,762
3,776
Phlla. AEne
July
214,081 163,501
2,527,178
2,136,365
385,563
217,813
105.643
7.. 100% 100%! 100% 100%
9.. 100 14 IOOI4 lOOH 10014
10.. IOOI4 10018 IOOI4 lOOH
11.. IOOI4 10018 IOOI4 IOOI4
Paris
The
EARNINGS.
300.361
78, 514
for
61i4July 31 73 Mch. 20 59% 73
7514 Feb. 13 95i4Sept,ll 56
8458
98 Jan. 8 106 Aug. 1" 91 105
46 Aug. 2 52 19 May
4314 60 14
44 Aug. 7 51% Feb. 2
36
59%
90
821s Jan. 7 95 June 5 81
12 Aug. 21 19% Feb 25 13
24
29% Feb. 5 37 June 15 19% 45
in leading stocks
46, .503
371. 165
79,190
15.728
8,205
3,342
47,720
28,176
I
1877.
Week.
Shares.
43,655
Quotations.
Open Low. High
Jan.
date.^
1877.
.
were as follows
Sales of
1 to latest
1878.
Early in the week the price declined to 100^. On gold
loans the rates are l@li@3 per cent for use, and flat.
Silver is quoted to-day in London at Sl^d. per oz. The London
Times of to-day (September 13) says in its financial article:
" There was no demand for silver on Thursday. The tendency
About sixty-five thouof the market at the close was weaker.
sand pounds were ofEering during the afternoon, and this moderate
supply, coupled with a complete absence of inquiry, threw the
market into a very unsettled state."
The range of gold and clearings and balances were as follows:
66
.Cnlon Pacific..
West. TJn. Tel.
^Jan.
359, 100
The Cold Market— Gold
at lOOf
125
Wabash
&. 8.
V
18 77.
ToI.Peoria&War.lstwkSept
1,014,9.59
Union Pacific
July
August
577,940
Wabash
I?'*
Panama
& S.E.(8t.L.)3d wk Aug
(Keu.).3d wk Aug
(Teuu.).3d wk Aug
Southern Minn... July
113)i 113?<,
Otllo& Miss...
J?»clflcMail....
.
July
Scioto Valley
Sioux City & St. P. July
116?<
06
.
.
. .
do
do
Paul
—
reported.
$987,721$1089 641 $6,658,147 $7,483,134
Iron Mt. & S.August.
K. C. & No..lstwkSept
St. L.
78
Cent.
Illlnoli!
SI
35
nr-
I.
Lake Sbore
«7i<
St.
pref.
Ban. A
St. L.
St. L.
31«
low
llOM iio;
soil
29U 3(
Nortb.
Del. Lack,
—WcekorMo.
Latest earnings
1878.
,
84 1<
XXVIL
[Vol.
Phila. & Reading. July
St.L.A.,.tT.H. (brs)..\.ugU9t.
Friday,
Sept. 13.
Sept. 12
Sept. 11.
pref.
do
LE.
have been as follows:
Wedn'ttU'y Thursday,
-
.
.
.
THE CHRONIC
276
3.
.Inne 10.
Jane 17.
June 24.
July 1.
•Inly 8.
July 16.
July 2J.
July 29.
Aug. 5..
S
3,4!8,600
5,26
',.'00
50,lt,5,800
26.44 -(..300
3,211,8.XI
61,67i),4a0
S5,5'^l
iaJ,Tfi4,100
2,890,900
2,677,400
2.6*3,800
2,451,900
5,736, too
6,-3;4,200
51,5:2,910
25,.^27,600
6.681.600
6,t- 75,100
5,917,800
5'!,1.')6.100
85,372,700
3,488,01X1
3,3 -,3.4(0
127.f30,7OO
128.6il,70)
12a.849,nOD
130,70 ',900
Aui;.
1-J.
Aug.
Aug.
19.
130,W3,tiOO
131,387,300
131,816.000
131,972,900
£6.
131,615,7(10
S^pt. 2.
Sept. 9.
Specie. L. Tenders. Deposits. Cu'culatlon. Agg. Clear.
$
13S,9-3,200
125,010,400
1878.
Jane
13-i.
125,900
13),5<15,!00
3,011,'.'u0
2,914,200
3,003.300
2.888,800
2,768.100
2,731,600
3,010,000
$
t
too
52,775 300
25,(4i400
!!5,:{6I,<00
5,16^, -too
1.000
62,286,8(10
5,28 .',600
5,511,900
5,691,100
52,095,600
61,S6U.400
25,297.600
25,045,600
51.91)6,700
26,143,
5,84'i.800
61,490,700
2
5,628,40)
6,627,310
5,302,300
6,613,700
611,948,100
PUIadelpbla Banlts.—The
5:3,-.i5
61,369,100
61,904.5:0
62,390,800
25.3.39.200
'110
',08 1,200
2.).128.600
i5,0 0,400
26,008,2IX)
25,2!iI,(W0
38,S76.446
42,181,604
40.871,375
39,188.858
42,626,701
51,5;3.4g9
41,130,761
4^,321.118
3 (,141,879
37.181.493
33,45.6,S5-J
3.1,748.088
a3,413,865
31,059,013
33,080,093
totals ol the Philadelphia
bank!
are as follows:
Loans,
1873.
Jane
June
Jane
June
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
$
S
«
67,141,428
10.
17.
57,380,c.87
1,957.813
1,948,651
44,931,979
44,814,241
oT,542,32.';
l,t-10,.'J92
12,723,700
12,777,652
12.0!4,595
67,104 069
66,906,374
1,799,6S5
l,89S,-«7
2,166,505
1.3,166.808
44,908,901
45,647,436
45,931,7a2
46,419,105
41,082,238
24.
July 1.
July 8.
July 15.
July 32.
July 29.
Aug.
Aug.
Aug.
Aug.
S
3.
5.
12.
19.
67,417,5-il
57,.540,336
67,701,!l6-J
2,131,'.i77
2,088,963
13,725.831
13,6(7,763
13,600,496
13,413,067
44,900,(153
67,682,408
2,1 -22,9 -19
13.7.')0,039
46,12;,4-a6
67,836.1(72
2,28-,8(i0
2,312,4.37
13,7-M,B14
46..'.02.675
U,434,151
45,561,288
45,737,350
46.497,226
45,806,145
46,604,418
57,394,189
57,.')06, 4B
67,4.W,M8
2,23'>.0-21
]a,6in,.305
26.
S,18:},120
13,452,892
Sept. 2.
Sept. 9.
67,515,217
58,189,84i
2,172.809
2,166,359
1S,547,.329
13,302,270
11,069,120
11,0(0,141
11,019,6-3
1 1,
('06,979
26.800,606
39,002.223
31,0(.7,392
30,667,9:8
11,001,126
2^.1 62,-25a
11.05-1.863
1I,076,.562
33,330,691
11,118,080
11,13 (,3-)l
11,136.613
3J,-.'6-J,57l
30,692.010
2l,S3O,;,09
29,494,321
11,1.')8.6''3
26,8.S9,13l
11,161,(72
27,106,463
23,731,264
24,764,738
S8,719,07S
ll,l.".0,9-5
11,191,2'23
11,134,010
.
.,..
...
.. ..
.
SEFTXMnRR
14,
THE
1870.]
New York City Banks. —Tlio
LoaiiH
Banks.
Capital. Dlscoiiutri.
York.
Clrcnlv
Depoalt*.
tlon.
7,499,300
4,S84,]00
40,000
7.600
94.100
t
«
*
•37.300
4116.600
S.OuO.OOO
7.S7H„VX1
S94.SOO
1,86«,8'J0
7,1188,600
2,0(j0.0OO
7,io:j.aoo
U'tAOO
8,239,400
3,119,100
7,471,400
171.0110
S,4K2,100
6,743.300
9.139.000
3,481.000
3.3i0.203
Hos.soo
33S,900 1,177,000
1,.110,400 3,523.600
8Ji,00O
Sro,000
l.Wl.gOO 8.100,000
n^.lllO
211,700
87'.!,(aiO
1B5.4O0
871,900 2,7.1'..aOO
584,IKX)
910,600
8 0,t>00
It6,6a0
«t,000
156.000
i74.000
19,000
12.700
147,100
410,100
423.800
200. ;00
68,500
>,30«i,000
926,400
...
Union
America
.1,00(1,000
S,iM,(MO
..
1,900,000
..
I'hoeiilz
3,(100.000
1,0 «,000
Oily..
1,000 00.1
1.303,1110
9,83S,:«0
3,400.000
4,11';,900
Bntchcra'ADror.
Mechanica' Ss Tr.
SOO.iOO
tnO.OOO
Greenwich
300,000
..
leather Mannfra 600,000
fievanth Ward..
300,000
State of N. York.
800,000
Amerkaa Bxch.. 8,000,000
ComnuTca
5,000.000
l,'.'87,t100
1,409.(00
8.2.000
.
S,24.^.:^0O
868.800
1,588,300
12,416,0.10
18,tlV8.000
4,»4t<,100
1.00(^000
1,000,000
489,700
l.SOO.OOO
450,000
Kercautlle
Paclllc
Bepubllc
Chatbam
191,'20O
J8.8S9.liOO
101.200
3,061,-iOO
2,005,-300
8,75l,4!i0
101,.'iOO
1,914.800
40.000
576,000
77,600
65,800
77,100
88,000
215,700
115,200
22,400
Nassau
Market
1,000,0!)0
•A34«,50[l
1.9U.S,000
Shoe and uealher
Corn Exchange..
1,000,003
l,0OJ.noO
3.3)0,.-K)0
Contineuial
],-JjO.(iOO
3.M4
Oriental
300,000
Marine
401.000
Iraponers'&Trad 1,500.000
Park
8,00O,OK)
Mcch. Bkg. Ass'n 500.000
Grocers'
3fl(),0(X)
North River
240.000
East Itiver
...
250,000
3,481,70.J
1,291.600
2,074,700
17.515.900
lO.lSH.SOO
20,'.00
6»»,:iOO
637.aO0
72>,700
S;J9,9110
13,480,.'iO0
Central N.Htional. 5,001.000
Second National. 300,(00
Ninth National. .
751,000
Fir.'t NatioLnl...
500,000
Third National.. l,00i,000
N. Y. Nit. E.tch. 300,1100
Bowery National, 250,000
NewYorkConnty » 0,000
German Americ'n 750.000
7 100,000
1,997,010
3,339,0u0
7,707.6!lO
5,ri7,b00
1,096,500
1,H3,100
1,118,200
2,163,000
4-*).000
197.0(10
1,777,800
894.300
160,000
1,724.500
391,(!00
5,400
142,600
l,062.v0n
518.300
4,6:,3,3.'0
2.13il,IX)0
10,(151,(100
73,300
2^3.700
660,500
254,700
1,4»1,*J0
1,83^,400
1,750.600
«2i,«00
2.396,500
2,000,100
2,697,100
1,069 000
448°3o6
9,400
2,230,000
217,001
3,900
251,400
495,600
679,800
4.700
776,300
390,-300
333.00J
6i«l,400
150,00)
660,00 1
4,247,300
2,5i6,000
145.600
1.967,500
2,017,2.10
34!)',6(j6
19,153,300
11,671,400
803,701
419,200
702,800
537,200
358,900
12,107,100
6,426,000
1.946,000
3,3;9,000
1,114.400
540,000
297,500
97,;oo
1,054,-30;!
1,4"7,000
10,.<i53,700
6,805,300
699,100
785,700
1,190,900
1,831,000
*
i45,0.!0
519,000
45,1*0
799,300
288.700
225,000
180,000
64,625.200 24.3,133,900 16,953,100 50,683,500 216,711,200 19,063,300
of previous week are as follows
Inc. 14,00[,200 Net deposits
Inc..
$547,100
:
|
Specie
Legal tcndera
Dec.
Dec.
The following
47,200
3,265,000
Circulation
are the totals for a series of
Loans.
Specie.
L. Tenders.
$
$
Mar.
241.590,900
38,767,600
Apr. 6.
Apr. 13.
Apr. 20.
Apr. 27.
240,i;49,100
.36.620,700
29,425,400
26,637,000
23(1,013,400
35,485,800
35,935,900
3*, 585, 100
30,051,900
27,469,500
1878.
30.
May
May
May
May
233.113,400
23d,301..')00
229.',l36,400
4.
11.
18.
25.
June
Jane
1.
S3j,030,700
233,12a,iH)0
23,0.30,200
233,997,3»»
23 (,1149,400
J«.83t,100
17,001.200
16,801,200
2i3,'81«'7(»
55,556,300
87,543.900
217,4nYoO
23,001,600
19,695,1.00
68,4(-9,600
2:i8.0U>.,200
17,990,800
340,220,10c
20,407.t)00
19,2:54,300
17.0O0,.3OO
58,610,100
56,286,500
55,479,400
65,059,800
5(,9I8,500
16,951,100
50,',83,500
July
2;j6.51ti,000
15,069,700
16,311,900
2O,45o;O0O
234,120,100
236,195,500
23^,6.36,100
17,105.2i:0
2.'a,720,200
Aug.
Aug.
Aug.
24.
31.
2:io,55o,400
2i«,994,:(00
2:j9,431,7O0
Sept.
7.
243,4)2,900
qUOTATIOJiS JN
2.',048,600
18,063,800
62,466,<)00
WUliamsport
do
pref.
ft
Har. P. Mt. Joy
A
UuatlngdOQ
Broad Top...
do pref.
ft
do
Lehigh Valley
Lancaster.
Northern Pacific, pref
North PennBylvanla
,
&
;7
4
2SH
4^ Northern
laT
18«
do pref
Pesnaylvanla
Schuylkill Navigation
do
pref..
Susquehanna
RAILROAD BONDS.
Allegheny Vai., 7 S-lOs. 1898.
108
7s.E.ext.,191C
do
lac. 7s, end..'dl
do
Belvldere Dela.
1st m., 68,1902.
2d m. 68. '8j..
3d m. 68, 'J7..
Ask.
111
118
new 78
1890
Connecting 68, 1900-1901
Dan. H.& Wilks.,l8t.,78, '37.'
Delaware morl., 6e, various.
Bound
88«
Br., I8t, 78, 1905
iBt
mort.
78, "SS .
m., 78, '60.
102 (.
E1.& Wmsport, Ut
103H
58,perp ... ....
do
Harrlsburg 1st mort. 63, '83.. 103
*90.
H. ft B. T. 1st m. 78, gold,
m. 78, gold, *95.
3dm. cons. 7s, '95*
2d
Athens 1st g
d. I8.,'90
JuQCiloD Ittt mon. 6-*, *82. ...
do
2d mort. 68. 19U0 ..
L. Sup. ft Miss., 1st m., 7-', g.'
Lehigh Valley. l8t,68,cp.. 189i 110
do reg., 189;),. lUM
do
do 2d m.,78, reg., 1910. U4
BOSTON.
Maine 6b
Few HampBhlre 6b
Hartford
VermontSB
do
Omaha
Lowell 78
ft
.Maine 78
Boeonft LoKcll
boston
Pueblo
con. m., 68,rg.,19:^
do
AVe'?tern.88 ....
Ark. Valley, 78
&
lat
BOX
68,' p. ,19.3
m. 78 *r.!
Ist m.68, cp.,'85, 107«
2d m. 78, cp., '96. 114
do
do gen. m. 78, cp., 1903. 103 105K
do gen. m. 7s, reg., 190? 105X
Oil Creek ist m. 78, coup.,'8i.
STOCKS.
Atehl'on ft Tupeka ..
Bobton ft Albany
Boston ft Lowel'
Boston ft Maine
Boston ft Providence.
UurllnKton ft Mo. in Neb
68
Providence 7s
Burl, ft Mo., Ianderant78....
do
Neb. 6s
VoV
do
Neb. 88, 1383
Cpnu. ft Pa«8nmp8lc,7B, 18«!.
FllchburgUR.es........
do
78
Kan. City Top.* w., 78, lat 106«do
do
78, Inc..
1100
72
f Ittsb. Tltusv. ft
Chesliire preferred
Cln. Sandusky ft Clev
Concord
B., 78, cp.,'96
do
'§?«
71« 73
Phlla.
130
75
109
Phlla.
10.3X
CH
7l«
Connecticut River
133
Conn, ft Passumpalc
50
Eastern (Mass.)
Eastern (Kew Hampshire)...
Pltchburg
Kan. City Top. ft W( stern... 08
Manchester ft Lawrence
13«
Nashua ft Lowell
10-2
Vcw Vrt-u * v^w Rneland..
Hi
scrip
do
fEcn. m. As, rg., 1910. 1(JS),
do
cons. m. 6s rg., 1905 IB
06
cous.ni. 68. cp., 1905
do
do
Navy Tard 6s, rg.'oi
Perklomen ist m.63,coup.,'ir;
8a..
Vs
2d m., pref
do 2d m.j?r. by W.Co.JftJ
do 68. 3d m.. guar., J.ft J.
Mar. ft Cln. 78, '92, F. i A .
do
2d, M.ftN .......
do
8a,Sd, J. &J
Union BB. 1st, guar., J. 4 J.,
do
Can.on endorsed.
JiiaCKLLANEOUS.
Baltimore Oaa certiflcatea.
People's Gas
103H
107
13H
108
+
do
78
1
do
7-308
t
do
South. BB. 7-30s.t
do
do 68, gold.
Hamilton Co., O., 6e. long.. ,t
do
78, lloSyrs..!
do
7&TS0a,long,1
Cln.ft Cot. Bridge st'k, pref
Cln.Uam. ft D. 1st m. 78, '80
do
2dm. 7s, '85.
Cln. Ham. 4 Ind., 78, guar....
Cln.ft Indiana Ist m. ,8
.
.
Miami stock
Little
I.017ISVII.I.E.
.OUl8TlIle7s.
do
do
do
do
do
do
68, '82 to "87
+
6«, '97 to '99
t
water 6a,'87 to
water atock 68,'97.t
Wt
wharf6a
..t
spec'l tax 6a of *89.T
Pa.ftN.T.C.ft RR. 78, '9^1906. Vi
Pennsylv., l8tm., 68, cp., *80.. 104H 04m LonI>vllle Water 69. Ce. 19D7 1
do
gen. m. 68, cp., 1910. loax 107>v Jell. M.ftl.lat m. (IftM) 7k,tllt
m.,78
Vermont 4t Canada, new
Vermont ft Mass. K ii.. 68
112«
now
100
do
do
2d m. 78, 'i7...
Colnm. ft Xcnia, 1st m. 78, '90
Dayton ft Mich. 1st m. 78, ^81.
do
2dm.78, '!H,
do
3d m. 7s, '&!.
Dayton 4 West. 1st m., '81...
do
Ist m., 19US
Istm.Fs, I9IK
do
Ind. Cln. 4 Laf let m.7a
do
(I.ftC.)1stm.7a,'8iLittle Miami 6a, '83
Cln. Ham. ft Dayton stock..
Columbus ft Xeula stock
Dayton 4 Michigan atock..
do
8. p.c. at'k.giur
I»M
»8«
Little Schnylkltl, l8t
,
ft S.
Verm't 0.
ft
gaatern. MaHB,.awa.
2e«
KuttandSs.ist mort
6s
ft
& Erie 7e, new
Uedensburg & Lake Ch. 88.
Old Colony, 78.
do
t(8
,
MasBachuBettB 58, gold...,
UoBtoa 63, currency
do 58, gold
Chicago sewerage 78
.Munl<.lual78
_ do
Portland 6s ,.,,:
...
Alch. & Tcpeka ist m.7a!!
107
do
land grant 78
do
2d78
fl7H
do
lanoinc. 3s..
Boston a Albany 7a
iV6«
Boston
Boston
Ask.
JftJ
Cincinnati 6s
103iii,
mort.
.
8XOUBITIK8.
'85,
CINCINNATI.
2d m., 7e, cur., 'SO
do
Cam. ft Burlington Co. 68,'9?,
Catawlssa l8t,T8, conv., *a2.
chat, m., lOa, '88 ..
do
do
do
Central 68,
do
68. im, A.&O.
do 6e, gld, 19(10, J,4J.
Cen.Ohlo6s, Ist m. '9(1, M, ft 8.
W. Md. 6s. 1st n:i.,gr.j'90,J.&J.
do 1st tn., 181)0, J.ft J...
do 2dm.,guar., J.& J
us
68, coup., '89
6s, '89
lib
ft Atl. Ist m. 78, g., 1903 114
do
do
.
,
Morns
Ithacaft
B(">ND8.
Plttsb.ft Conneir8v,',8,'98,.J4J
WestJersey
Dtel. ft
Connell8vllle..50
Bait, ft Ohio 6s, 1880, J.4.J
lOlH 103
do
63, 1885, A.&O.
N. W. Va. 3d m..guar.,'85,.J&J
IBJi
ft
CANAL STOCKS.
Chesapeake ft Delaware
Delaware Division
Lehigh Navigation
EastPenn.
.0^
.
1(%
.
do
;
50
ft
BAtLROAD
,
Baltimore,
Pittsburg TltuBv.ft Buff
United N. J. Compiinlea
Chester
cousol,
West
pref..
Cam.
i90j,j.ftj
water, 88
Pittsburg
7M,
,
Heading
Trenton
Phlla.WUmlDg.
J.ft J
BAILROAD exooKS. Far.
Balt.&Ohlo
100
sow
do
Wash. Brancb.UO .??« 130
44H
P'""'ferab'gBr..50
4»
.^°
48
1
.T
S
Sorthern
Central
50 14X IS
4(JH
Western Marylan.1
50
88 100
s
Central Ohio
41
33
Phtla'tclpl'la ft Erie
ft
1900,
Aforfollc
Pennsylvania
Pnlladelpliia
A
68,exenipt,'jS,M.ft8. 110
«
Little Schuylkill,
Nesquehonlng Valley
Norrlstown
Philadelphia
6a, iS91, quarterly, 105
«8, ;886, J.iJ
ins
68, 189J, quarterly...
68, park, 1890,(1.—M. 108
«8. 1893, M.
sT..... 11)8
do
'
do
do
do
do
do
do
East Pennsylvania
Elmlra
do
.
Baltimore
pref
do
new pref
do
Delaware ft Bound Brook. ..
North. Penn.
aaouBiTiaa.
w
W W
Calawlssa
do
do
BOSTON. PHILADELPHIA AND OTHER CITIES.
•w
.
Camden ftAmboy 68,coup,'83
221,252 100
223.133.700
219,978,500
2l3.433,700
317,884 700
216,088 500
216,164,100
216,711 200
8ba(nokiD V.* PolUr. 78, IWi
Sloubenr. ft Ind. 1st, 6a, laM.
. .
do
31/1,0.38,000
:.
lani
7s,
6«, In. PUne, reg..l879
OAVAL BOKDS.
M ree
Uheaan.* Dela lat(a,rK..-H
do
fi«, old, reg
Delaware Division »8, cp.,'78.
106
iOH
do 68,n., rg.,priorto*9o lUH IIS
Leblgb NavlKa.m.,<i, reK.,'IM
do 6s,n.,rK.,i8SSft over 116 116«
do mort. KR., rg.,**;
Allegheny (bounty 5», conp..
do ui. couv. g., r»g.,*M
Allegheny City 7b, reir
do mort, gold. *y7.
Pittsburg 4s, coup., 1913
do cons. m.78,rg,l91t
do
58, rog. ft cp., 19U.
Morris, boat loan, reg., 18BS..
6s. gold, reg
do
Pennsylvania (8, coup., :»|0
do
7s, w't'rln,rg.ftcn.
Schuylk. Hav.lat mjia,rg.,1l7.
103
ilO 7s, nr.luiii..reir.,'83-36"
do
2d m. (Is. reg., 1307
N. Jersey 6s, reg. and coup...
do Is, boatAcar,rg.,UI8
exempt, rg. ft coup.
do
do 78, boatftcar.rg.,i>.9
Camden County ss, coup
Sauiaetaanna <s, coup.. ;9i8 '
Camden City Cs, coupon
do
78, reg. ft coup.
BAIiTinOBE.
Delaware 6b. coupon
Uarrlsburg City 6s, coapon
Maryland 68, defense, J.ft J.,
1O0M
RAILROAD 8TOCK9.
do
68, eiempt, 1687 ..
xmi
Camden & Atlantic
do
6?, 1890, quarterly., io«K
25
do
pref
do
do
58,
quarterly.
..
36
100
rto
210,378,400
204,663,200
201,926,600
202,083,400
200,875.000
199,074,000
63,996,300
234,639,100
234,7,3,700
17.
34,933,800
38,4-35.300
33,612,000
41,020,100
44,033,900
47,318,000
47,816,400
49,503,900
ir-25, rcK.. 1883- •«.
iw)
aerlp,
do mort.,
Phlla. Wtlrn. ft Ball. «a,'M ..
flits. Cln, ft Bl. Louis 78,1100
warren ft r. Ist m.ls, »«..
West Cheater cona. 7s, >!. ..
Wsat Janer U, deb.,coap.,'at
do
latm.ts, CD.,
do
latm. 7a,
"IN Woaters
Penn. BR. «a,>:p.:m
104M 109
do
«a P. B.,
no IIIH
.
Deposits. Circulation. Agg. Clear,
53,'fiC6;300
2.j6.i32,!0C
Jon.
Jon. 22.
Jun. 29.
July
July
July 27.
Aug. 3.
Aug. 10.
28,(i66,100
32,166.1X10
376,400
weeks past:
199,686,100
198,985,300
199,867,900
202,871,800
205,785, ;00
205,384,100
205,965,000
8.
16.
6.
13.
20.
Dec.
Mo
-
52^
10
12
m
AM.
epa.oS
7a.
PhlUdclpnla.
^llnehIU
The deviations from returns
Loans
3s, ir'd, fDt.,reg. orcp,
Ss, cur..reff
58, ncw,res.,18M-1903
«8, 10-15, ryg., 1V77-'W.
6ii,
Phll.*R.C.*I deb.
StoDj CreeK Ist m. 7b iW)..,.
Snnbnrr ft Brie lat m. 7a, •«..
Onion * Tlinav. lat in. 7i, 10.
UniiadN. J. cons. id.M.'m.
lis
,
PIfIE4ADBI.PHIA.
do
do
do
do
4r),.ioo
1,281,400
1,420,200
68,800
617,200
381,400
28,000
lOS.iiOl)
4,300
30,700
118,300
I6,W10
121,900
93,6110
1,000
922,700 2,863,100
31'2,000 1,328,000
' "
440,000
1-^0.000
94 (.000
560,000 1,565,200
434,000 2,330,000
43,200
140,000
8,000
205,000
319,800
178,500
214,000
KJ,700
.
Manuf'rs' & Mer.
11X1.000
Fouri a National 3.5 0,000
ifOO
263.000
198,000
2.700
274,600
51,100
650.41.0
eoi.e.K)
6,071,.'iOO
1,49.3,300
2,1 1-5.800
937,' 100
4^6,900
633,700
1,''00,000
St. Nicholas
Total
iii.aoo
KutUDd, preferred .,
Vennont A MaaiachUietU..
Worceater A Maahua
Penna.
do
1,023.000
728,SO0
2,045,300
3.349,401
93,300
H,214,000
874,800
',60.1
700,000
800,000
3,000.000
600,000
1,OIO,000
1.000,000
S,829,7ii0
2,a3!).000
1.',7!I5,800
-274,90)
North America..
Hanover
.
l,90S,!iOO
»,44->,700
781,900
l,98i..'>00
79
BM.
U
.
8TATK AND CITY BONDS.
1.981.900
1.3^2.200
9,78I,2i0
81(i,100
1.495,1)00
8.!I72,000
16.10Q.
4I3,M0
..
3,406.100
1,067,300
47,(00
100,000
124,000
1,100
4,.5;JJ,0O0
1,1(7,000
303,(K)0
805,3110
1.9li0,00a
l,3*i.6O0
1,130,400
People's
Citizrus'
1,767,600
8,
Trad, smca'a
1,(H)0,000
6I0.0U0
Fulton
Chemical..
..
HOO 000
Merchanta' Excb. 1.000,000
Gailatin National 1,300,000
Broadway
9.086,200
Bid.
Northern of New Hampataire 91H
Norwich A Worceater
^gdensu. A L. Ctiamplaln
do
prof..
8J«
Old Coloiiy
100
Portland 8aco * Porumonlh
Puento A Arkvnaaa
.
..
MHiihaltnn Co.
Mt'irliitiits' ..
Irving
Metropolitan.
Net
... ..
..
oiramM.
-
489,000
1,481,800
...
Mcctitmics*..
Legal
Specie. Teudera.
(
$
New
and
AMOUNT Or
27 r
BOSTON, PHILAOBbP hIA, Bt«.-C.DUaae4.
:
— ATKRAUK
,
,
CHRONICLE.'!::
following statement ihowa the
New York City for the week
on Sept. 7, 1878
cooitiiioQ of the AHHOci»ii'd Unnknof
endiuK at the commenceiueut of business
it
..
.
ft
do
ft
do
do
do
do
do
do
do
do
do
do
do
do
Erie 1st m.68, cp.,'8l 104
2d m.7s. cp.,'88 ioi«;i(wx
•
Ist
6s. '43-*i4. 104
104>t
m
Read.
-
.
do
'48-.49.
2d m., 78, t p./9S iii'H
doben., cp., '98*
do
CDS. off.
scrip, 18^.
In. m.78, cp,I89€
cons. m. 7b, cp..l9)!.. 102^ 103
cons. m. Ts, rg.,19:i.. 102H :03
cons. m.6s,g.l. 1911
conv.
78, '.093*
78, coup, off, '93
tntPiftft.
m. ,7s,
..
1906.
NaahvUle—
Leb Br.6a, '8«
1
ist m. Leb. Br. Ex..7s,'8»86.1
Lou. In.
do
68, '83.. .t
Consol. Ist m.78, "Sb
ft Ind atock.
JeSeraon Mad.
LoalBvllleft
ST.
NaahvMe
atock.
LUC IS.
4t.Loula 6s.lawg
do
water
do
do
do
do
ao
10*1
is,
gold.
1%^
108
do
ir,«.(
bridge aopr.,
renewal^
u, go
oiifTi
_.
1U63
itw]
aewer,
rparl
enr.la .
Fhna.ft Read. Cft Ldeb.7t,93
ryf
Ist
Lottlsv. ft
scrip. 1862..
• Tn rt^*«n't
2dm. ,78
do
do
Lonlsv.C.ft Lex. lat m. 1*,'9l.
* lOSK
ex past-due C'Upooa.
L0UI8.4 Fr'k.,Loul8T.ln,6a,'8!
•«*.*..
106
i<»
Ml
an
.. .
..
..
..
.
. . ..,.
. . ....
.
THE CHRONICLK
278
rVcL XXVII.
NEW
QUOTATIONS OF STOCKS AND BONDS IN
Bond* and
8.
IT,
... .
am
Raitroad Stocks
active
YORK.
Prices represent the per cent value, whatever the par
quoted on a previous page.
m ay he.
STATE BONDS.
BBorminsa.
^aoftma
do
do
do
do
do
do
Jo
43><
58,1886
88.!886
48H
43H
Be, 1883
8a, M.
8b, Ala.
s»m;
&
B.
10
8s of 1893
88 of 1893.
Arkacflas 68. funded
7s.
L.
B. & Ft. 8. IBS
do
do 78 Mempbls & L.R.
20
20
22
78,1.. K.P. B.
1B, MlBS. O.
do
do
do
&
m
4h,
&N.0
R. B
iH
4>t
4>i
Ark. Cent. KK..
Connecticut ©a
eeorgla 68
i---?- 78,
108
100
lOS
107
7a, new bonds...
do
78, endorsed. ..
do
78, gold bonds..
do
UUnols 6b, coupon, 187!^.
Warloan
do
Kentucky 6b
6B,new
6B,new float'gdebt,
do
do
do
do
do
do
do
do
do
OOH
108J<
109^4
102H
101>^
102
102
78,
68,
Bs,
bB,
6a,
68,
6b,
68,
6s
6b,
68,
50H
do
do 1875
Ba.of 1910
78, consolidated
7s, small
Michigan 68, ;87S-79
68, 1883
do
do
78, 189U
Missouri 68, due 1378
do
1882 or '83
do
do
do
do
do
do
gold, reg
iis
113
do
A.&O
iob'vt
lOlW
102H 102«
102X
WS\i
102J«
103
104
::::
Bid.
6fl,
cp., *93-4
27
&J
A.& O....
LandC..l3S9. J.
...
Land
U.. 1889,
TBof 1838
Non-fuDdable bonds
173 Tanneasee 68, old
J.& J
7)
75
do
.. ..A.&O
do coup.oH.J. & J
do do oS, A.& O
funding ant, 1866
do
^fewbond8, J. & J ...
do
A. &0..
52«
9
9
9
10
2
Special tax. Class 1...
do
Class l...
do
Class 3...
OhloSa.lSSl
new
68,
68.
68,
68,
68,
«8,
41
31
...
3'.«
31M
31^
63,
68,
88, old
Virginia
52Mi
41
new
new series.
do
do
La)£..
106
110
44
S^uth Carolina 68...
Jan. * July
AprllA Oct
Funding act, 186ft
i2i
J
N.C.R8
101
do
183S. ...
do
1389 or '90....
do
Asylum or Un.,due 1892
Funding, due 18M-5
Han. & St. J08., due 1836
do
do 1RS7.. ..
1887
.
J.&
SBOUBITIB8.
58, 1836....
Riode Island
Canal Loan, 1878
6B,old.
1886
18?7
Ask.
Ohio
do coup.. 1887....
do loan. ..1833,
do do .1891
1S92
do do
10
do do .1893
f3« ?Iorth Carolina—
51
50
50
50
Penitentiary
levee
Bid.
New York State—
50
50
Louisiana 68
RR.
ACh.li.
SKOUBITIBB.
BBOUBITIEB.
Bk.
Bid.
Sb, 18S3
24
bonds, ISJS
25
do
25
1867
consol. bonds
ex matured coup
consol., 2d series
31%
deferred bonds
D, of Columbia 3-63s, 1934.
do
small
79»4
do
101
6^
registered
RAIIiROAO AND MISCELliANEOXJS STOCKS AND BONDS.
Kallroad stockii.
Albany & Susquehanna.
fl
20
.
Burl. C. Itap. & Northero.
Central Pacific
Chicago & Alton
pref
do
i^
83
Cleve. Col. Cin. & 1
Cleve. & Pittsburg, guar..
Col. Chic. A I. Cent
Dubuque & Sioux City.
Krle pref
31Mi
30Ji
137
100
& Chicago
139
Kansas Pactflc
X/ong Island
Missouri Kansas & Texas,
tfew York Elevated RK.
N. y. New Haven & Hart.
H
Ohlo&
Mlnalsslpp'.pref
PltU. Ft. W. 4 Ch.. guar..
do
do
Bennelaer
ft
do
"in '2M
. .
do
pref.
BellevIUeA So. IlL.pref
Bt. L. 1. Ml & Southern...
St.L. K. C. & North'n.pref
Terre Haute
&
"b
Ind'poUs.
OnltedN.J.R.
AC
i27
ni.ifi(cel'oas Stocks.
AtlantlcA Pac. Tel
Am. District Telegraph.
Canton Co., Baltimore
American Coal
Gonsolldat'D Coal of Md.
Cimiberland Coal & Iron.
Mar>'land Coal....
Pennsylvania Coal
Spring Mountain Coal...
30
MarlposaL. &M. Co
do
do
8
49
"2
2H
3H
2«
pref.
JEtailroad Bonds.
Ezchanae Prices.)
{Stock,
& Krle, Ist m..
guar. ...
R & North.. Ist 5s
boston U.
do
Bur, C.
.
Mlnn.&
St.L., 1st Ts
gua
& Mo.,
30
.
i07
....
lllH
1139<
'90
114
do l8t consol..
do
sseitted.
do conv
do asaen'ed.
I
<ik)
1I0
Lehigh
do
ft
W. B. con.guai
do
assei.ted.
Am. Dock ft Imp. bonds
do
do
consol.Blnk.fd
-'^ilc.
*
do
do
UTJi 119
1I7H
lu4^!
100«ii01«
105)i|lOB?i
W»
98
98
D
l8tm.,H.4D.
Istm., C.&M.
Istm.,
'.id
49
58
45
do
do
ssente !.
Ch.Mn.&St.P.istm.S8,P.Di
do
:idm.7 3-l0, do|
do
I8t78, $g ,k.D
do
Istm., LaC.D.
do
lBtm.,I.&M..
do
do
do
Erie,
new
State Line Ts
Cons.
Cons,
Cons,
Cons,
do
do
do
do
do
do
do
do
do
1. &,
102
I
91^
I....
llOSiji
•MH- 94J4
m
10 ;
N. West. sink, f d
lOOJi
Int. bonds. jioa
consol. bd»
113H!..
104»<!105
let Spring, dlv..
Railroads-
1
103
....
Illinois
Grand Trunk.
& Iowa U. 88
Chic
40
45
J
^
Can. South
'
&
&
&
.
ft
yt
^_
Inneap
m
ma
sa
101
do
do
coup, u, is»i
do
reg. !8. 189)
,
Albany A Susq. ist bds.
do
.d do
103U
,
X
...
109
103
3d do
Pone, (rua
Baratnga. istcpl 115
I
I
iTlce nominal.
do Kx. Aug.,'78,ft prev's
Great Western, ist m.. 1888..
do
ex coupon
83
37
40
Connecticut Western lBt7s
Dan. Urb. Bl. & P. 1st m. 78, g.
niH
noi4
B6
20
B5
23
195
02
40
91
100
m
102>t
98
90
90
331
69
68
Macon bonds, 78
Memphis bonde C
Indianapolis ft St. Louis Ist 7s
Indlanap. ft VIncen. Ist7a, gr..
International vTexaa) Ist
Int. H. ft G. N. conv. 8a
Iowa Falls ft Sioux C. Ist 7b.
.lackaon Lans. ft Sag. 8s, Istm
Kal, Allegan, ft G. U. 8s. gr..
Kalamazoo ft South H. 88, gr.
Kansas City ft Cameron lOs.
Kew
flO
84
60
t89
Des Moines 1st 7s.,.
do
funded Int. 86
I
Midland 1st 7s, gold
•J. Y. Elevated ItR., Istm
N. Y. ft Osw. Mid. Ist
N.,T.
do rccelv'a ctf8.(Iabor>
do
do
(other)
Umaha ft Southwestern RB. si
OBwego ft Rome 7s, guar
Peoria Pekln ft J. lat mort ..
10« Pullman Palace Car Co. stock,
50
do
bd8., 88, 4th series
101«
I.
Mt. (Ark. Br.) 78, g.
F., 2d m., class A.
San
do
68>«
St.
75
91
84
90
do
do
class B.
class C.
St. L.&So'east. con8.7s,gold,'94
do
Louis Vandalla
ft
T. H. Ist.
do
2d, guar
Sandusky Mans, ft Newark 7b.
South Side, L. 1., 1st m. bonds.
do
sink. fund...
Southern Minn. Ist mort. 8b...
t^v
price to-day
;
101
80
B3
tl02
tll2
tlI3
tlOl
82
73
104
1'.3
115
102
97
102
9rt
97
38
70
60
95
65
28
23
25
Orleans prem. 58
ConsoUlated6B
Rnllroad, 68
Wharf Improvem'ts,
Norfolk 68
Petersburg 68
Richmond
Savennah
35
38
98
106
lOOJg 101
60
es
7s, old..
gold
54
80
67
97
75
S5
7-30
68
WllIn'ton',N.c!,68,g.
101
100
IN
35
50
40
90
90
31
3d
86
,
new
68
100
104
SiO
j
1
coup
on
5S
85
RAILROADS.
ft Chatt.lst m. Ss.end
Receiver's Cert's (var's)
Atlantic ft Gulf, consol.
91
Consol., end. by Savan'h
56
20>, Carolina Cent. Ist m. 68,g.
Cent. Georgia consol.m. 7s
35
65
to
91
ioi
76
.
St. L. ft
St. L. ft
100
Ala.
'V9
ft
1
41
74
48
f^ashvlllees, old
New
75
lOOii
Keokuk
46
20
87
9
60
91
40
85
iu6H 106
64
60
72
73
105
95
90
85
90
100
lOOX
40
1C2
'25
'70
.
.
31
43
71
,
ioi
bs
t73
tl02
73
103 ;;04i^
SO
...
J52
Long Island RR., lat mort. .
100
99 1110
Loulav. ft NaBbv. coub. m. 78. 108
''8
e3)li
do
2dm., 7a, g..
87
25
28
Michigan Air Line 88, 1890
105
Monlcialr&G. L.lst 7s, (neW).
35
t95 'ibb
do 2dm. Vb (oUm., I8t8).,.
3
-Mo. K.ft Tex. 1st 7s, g., 1904- 'OS
41
do
2d m. mcome...
do
2d mort., '93
80
do Ex ft Nov.,'77,coui>.
Qulncy A Toledo, let m.. '90..
80
do ex mat. & Xov.,'77,cou.
IlllnoEs & So. Iowa, Ist mort
do
ex coupon
80
Han. ft Cent. Missouri, istm $...
Pekln Llnc'ln A Dec't'r.lsi m
t ADd accrued interest.
78, F. L.
Ga., 7s, bonds.
m
12
i?«
5'2
C,
.
1
tisy,\
101
Columbus,
Lynchburg
8s,
104«
tsm
,
Waterworks..
Augusta, Ga., 7s. bonds...
88
19
56
CITIES.
Ronds A and B
101 J, 103
Endorsed, M. ft C, RK.
1I2M Mobile 58 (coups,
on)....
tVibV" 114
88 (coui>ors on)
70
73>i
6b, funded
100
97
Montgomery, new 58
86
tl04
Hi
M.&S.
^8, 1892
Stock
Denver Pac, Ist m.78, ]d.gr..g.
43
40
Denver & Itio Grande 78, gold.
7SM 74HJ Charl'te Col.ft A., cons. 7i
Cheraw ft Darlington 6a
Detroit & Bay City 88, end
•t76
East Tenn. ft Georgia 68,
Erie & Pittsburgh 1st 78
99
E. Tenn.&Va. 68,eud.Tenn
do
con. m., 78..
E. Tenn. Va. ft Ga. 1st. 7b.
do
78, equip..
78
••«
Stock
EvansvIUe ft Crawford ay., 7s.
104
100
Georgia UU. 7s
Kvansvllle Hen. & Nashv. 7s..
45
4U
SIH Bvansvllle, T. H. & Chic. 78. g. 48
65K
Flint & Pare M.Ss.Land grant. •84
block
9J
Greenville ft Col. 7s, Istm.
Fort W., Jackson & Sag. 88, 89
Urand K.& Ind. 1st 78, i.g., gu. "sB
78, guar.
Macon
ft Aueusta beads.
do
ist tB, 1. g., notgu
84« 88
2d endorsed
do
iBt ex 1. g. 7s.
50
Stock
Grand River Valley ?8, Bt m
ioo«
Memphis ft Cha'ston Ut 78
Houston ft Ot. North. 1st 78, g
es
60
U0U8.& Texas C. Ist 7s, gold..
2d .8
92
90
ttock
do
West, dlv
83
Memph. ft Little Kock lat
do
"Waco
8S
83
Cent. Ist m. 7i
Mlaalsslppl
do
consol. bds..
08H 73
io« I....
44»: isa
13>5: 13
101
90
,
78, gold, 189'J-1910..J.&J.
78, gold. 1901
J.ftJ.
108. pension. 1894.. J.ftJ
I'li
, 68,g.,new
I.gr.,Cp,g
Chic. & S'thwestern 78, guar..
Cln. Lafayette & Chic, let
105^!l05J, Col. & Hock V. Ist 78, 39 years
92)^1 9a
do
Itt 78, 10 years.
do
2d 78, 20 years..
9i)i
105
.
Connecticut Valley 7b
.,
Vi
Texas
Charleston. S.
mm
do
do
....
112>i Charleston stock 6s
t;oo)s 101
tioo<^
tioi
Ist in. g. 1b
East. 111. 1st mort., 68
do
.'id m. Inc. 7«.
Mien. L. 3h. Ist Ss, '89.
Ch.St.P.
.
86X1....
ft Pitts.,
Col. Chic,
102
iBt extended, noiji 103
'
120^'....
lu3 1104
.
consol.. s.f.
4th muri..
Ind. C, 1st mort
UIH
100
tilO«
Chicago
.
do
110
do 1st con. guar.
Uel.&Hud.Canal, 1st m.,'ii
do
do 1891
ft
& Warsaw i
&
consols. A.,
Atlanta, Ga., 78
tl05
t98
;o»
78, gold .
6s, 2d m. g,
let m. 7b, gold
Oulncy
Chic.
Chic.
68, g..
con. 68 Cgood)
Rejected (best sort) ..
8«i
tin
Keokuk & St. Paul 8s ... /^
Carthage & Bur. 8b
Dixon Peoria & Han. 88.
iis>),;iisi^ O. O. & Fox R. Valley 88
do
2d mort
Income, 78.
do
IstCaron'tB
do
South Pac. of Mo., Ist m
Kansas Pac, 1st m..68. 1395..
with coup, c fs.
do
do Ist m.. 68, 1S96
93
wlih coup.ctfa,....
do
do 1st, 78, Leaveu.br., *9o
with coup, ctfs
do
do lflt,7P,R.&L.G.Lt'd.'a9
do
with cuup. ctfs ..
do l8tm., 78. I'd gr., '80.
with coup, ctfs
do
J83
Inc.
cp. No. lion 1916
do
8
do Inc. cp. No. 16onl916
PennsylVAUla UK—
119
Pitts. Ft. W. ft Ohlc. Ist m.
do
do
2d m. ., J115«
do
3d m.
do
Cleve.
80
80
107
....
lOlM.
104 >, 105
103
Pacific R. of Mo., Ist mort..
17.S
1303.
10«H
Istm., reg.
,
RfTi..
do
Central of Iowa
105Hi 100
.
111
tiio
California Pac. RR.,
'22
Alabama new
109
noun 101«
& Mo. Riv., land m.78
convert. 8s. var. her.
Cairo & Fulton, Ist 7b, gold...
.
101
tuo
nm
do
I
108
111
KAILROADS.
-.11
9»
42
65'4
.
(S.long.... 1110
7s
Bur.
99
r!08
t....
Atchison & P. Peak. So, gold..
Boston & N. Y. Air Line, 1st m
iiiH
.
.
rt« Iflt
108
lUJ^114
g|
.
Soutb'n Securities.]
(Brolera' Quotattona.^
STATES.
B,53
tl05« im<4
C
tl08
108«
68, 18^'S9
tlOSK lOB^s Georgia
S. Carolina
176
104
tl05
Poughkeepsle Water
Rochester C. Water hd»..
ToledoSs. wato', 1894-'94
Toledo 1-308
Yonkers Water, due 1903
104
;y5
coup.. Ut.
lo
eil'n bds..
do
do
2d mort
Jo
1st mort.. ji07
Rome Watert'n & Og.. con. Ist
do
cp.gld.bds
99
99^ St. L. ft Iron Mountain. Ist m.
do
reg. do
do
do
2d m..
Iowa Midland, ist m. Ss.
St. L. Alton ft T. H..l8t mon.
tialena & Chicago Ext
2d mort., pref..
104H
do
Peninsula. 1st m., conv. 110
l?t«
do
ad mort. Inc'me
Chic. & Mllw., Ist mort
107
Belleville ft S. Ill.R. ist m. 8b
Winona 4 St. P., let m. 101
Tol. Peoria ft Warsaw, ist K.L
do
'id mort.
do
do
W. D.
<;.C.C.&lnd'8lstm.7s,SK. 1071,
do
do Bur. Dlv.
do
consol. m.bd> tS4X
do
do 2d mort..
Del. Lack. & West., a m
103 Ji
do
do COU30L7)
do
7b, con V
ibs
l«-4
ToL ft Wahaeh. <Bt m. uxteud.
do mcrt.. ,8, 1907
10»
do ex coupon..
Syr. Blngh.iN.V. i^t,;6
do istm. St.L. dlv
MorrlB A Essex, ist. m.
Its
do ex.-matnred coup.,..
do
2d mort.
do
2d mort
1049i
do
bonds, 1900.
do Ex ft Nov.,'77, coup.
do
construct'ii
to equlp'i boudb
do
78, of 1871
do con. convert
do
Oswego
Hudson R. 78. 2d m., s.f., 1885
Canada South., tst guar.. ..
Pacific
.
1885-93
Water
do
111
reg., Ist..
coup., 2d.,
reg., 2d. ...
6a, 1887
6s, real estate..
68, subscription.
ft Hudson, 1 St m., coup
do
103^
7s.
,
68, various
IndlananoliB 7-308
Long Island City
Newark City 7s long
;ios
Logansport
Un. Pacific, So. Br..
Hartford
bonds..
Kalamazoo A W. Pigeon, isl
Det. Mon. & Tol. .1st 7s, 1906.
Lake Shore Dlv. bouds
do
ft
j
ins
109
tlOO
78, river Improvem't
7e, long
3>6
in.. Ts. Ist. ..,
Tol. Can. S. &Det. ist 78,
Union
.
100
lOSH 109
J ., ist m.,
—
A8h.,oldbdB
new bds
.
1st in.,
coupon.
jn
ft
do
do San Joaquin branch
do Cal. * Oregon Ibt
do StHte Aid bonds. ...
do Land Grant bonds.. iT---'
9ID<i
jlOl
Western Pacific bonds
Southern Pac. of Cat., Ist m.
Pacific,
ist
mort.
lOOJi
Union
b'ds
Land grants, 7b. lOSJi'lOOHi
lOiJHi
do
Sinking fund... lOj
lOOM
do
68.1917, reglst'd
do
Detroit Water Works 7s
Elizabeth City, 1880-1903
Central Pacific gold bonds.
Ss sink, fund
Ch.Rk.l.&P..8.f.lnc.68,'95.
do
Cleveland
188
22
114^
do
Central of
105
t20'
no8
guar..
8t.L.Jack.& Chlc.Vst m.
Chic. Bur.& Q. 8 p.c.lstm
do
consol. m. 7s
6s, 19:7,
ft
ft
do
Cheett, 4 Ohio 6s, Ui lu.
d>
^x roui
Gidcago A Alton 1st mort.
do
Income.
Jollet & Chlcago.ist m.
La.
new bonds
do
Harlem, Ist mort. Ts.coup...
do
7s, reg ...
do
North Missouri, Ist mort
Ohio ft Miss., consol. sink. fd.
do
consolldatod
24ii
2d do
do
. .
Albany, N. Y., 6s, long
Buffalo Water, long
Chlcsgo Ks long dates
'8, sewerage
do
do
78, water
108
110
CITIES.
105
97
109H lid
Southern wi
110
fjlst.
(Brokers' t^twtatioJtu.)
^"-'
io^
.
Tol. sinking fund..
do
miscellaneoiiH
l(!5>, ....
107)«
Istm. 8s. ,882. 8. f.
do
equipment bonds.
do
l»X New Jersey Southern Ist m. 7s
N.Y. Central 6s, 188:1
25
105^
105
S.F., 7 p.c. ;iio
Marietta ft Cln. 1st mort
Mich. Cent., consol. "s, 1902,
.
Ontario Silver Ml nine.
ft
Buffalo
Buffalo
Rome Watertown & Oiz^.
Louis Alton & T. H
.
Cleve.
do
.
fit.
103
Central—
Dubuque ft Sioux Clty.lst m.
2d dlv.
do
do
Cedar F. ft Minn., 1st mort..
Indlanap. Bl. ft W., ist mort..
'2d mort...
do
do
Cleve. P'vllle
special.
Saratoga
115H
Illinois
Lake ShoreMich S. ft N. Ind.,
158%
rteclern Union lei., li»W,cp...
do
ree
do
aaratLga, lacre^...
Buff. N. T. ft E. let. m., 1916..
Han. & St. Jo., 88, conv. mort.
6S
Harlem
Jollet
&
Ueus.
extended
do ;id do 7b, 1S79
7s, 1SS3
do bd do
do 4th do 78, 18S0
do 5th do 78,1888
do 7b, cons., mort., g'd bds
do Long Dock beads
Erie, ist mort.,
(Active preii'usly quofd.)
lOOH
*H
27
•20
113
87
•20
72«
4H
24
ft Ohio sterling Bs
Sterling ex cert. 68
88, Interest
2d mort. 8b
N.o. ft Jacks. Istm. 8b..
Certificate, 2d mort 88.
Nashville Chat, ft St. L. 76
Nashville ft Decatur 1st 78
Norfolk ft Petersb.l8tm.8B
5'?
Mobile
114
93
Klclun'd & Peter8b.lst7s.
KIch. Fred, ft Potomac 6s.
mort. 7a
Danv.
RIch.ft
Ist consol.et
40
74
Southwest.,Ga .conv 7s,'fi6
Southwestern. Ga., stock.
S. Carolina RR. 1st m. 78
6«
52
Savannah
[8,
Mii
2(1
25
35
1:9
:(n
j's,
West
ft
Sav.
6s,
mort.
2d m.88, gunr
Ala., Ist
76
end.
Ss....
PAST DPE COUPONS
7'24j
85
90
t>3
Tennessee State coupons..
South Carolina conaol. ...
90
Virginia coupons
Con?ol. roup. ...
MerpphiB City coupons..
.S2
85
82
40
102
83
'86
106
78
110
58
4o
15
108
100
100
99
100
98
92
82
60
80
50
20
110
103'
10<»»'
101
lliS
90H
85
70
33
95
98
ICO
70
100
75
80
73
101
1902
non mort
& Char .Ist m.
Cha'ston
U'^H
these a,e latest qaotatloas
t00}«
10
4tll8,88
91
«2H
10)
.
34
25
lOi'
2d mort. 58
'id mort., ex coupons...
Miss, ft Tenn. Isl m. 88, A.
Ist mort.. 88, B
Istmurt. 78
90
2d mort. 8s
103K
Northeast., s.c, 1st m.
42
2d mort. 88
8
Orange ftAlex'drIa, i8ts,6«
42
J8,6b
9
3ds,8s
25
86«
99
75
4
34
made
this
week.
.
5
80
104
103
15
40
20
78
3)
10
40
108
ICS
—
:
Sbptkuiier
:
—
:
Ittucstmcnts
STATE, CITT
arofrEarntnga—
publlKhed OD the lut Saturday
of each mouth, and furnished to all reiifular subHcriberB ot the
Cbboniclr. No Blngle copies of the Sui'I'LKMENT are sold at the
office, as only a sut&cient number is printed to supply r«Kul"'
ubaoriberri. One number of the Supflement, however, is bound
np with Tub Financial Rkvibw (Annual), and can be purchased
la
In that shape.
ANNUAL
Hannibal
&
Joseph Railroad.
(Aecountant'» report to December 31, 1877)
Board of Directors have just issued a report of the
accountant appointed by theDi in November lust, showing the
financial history of the company to the close of the last fiscal
year, December 31, 1877, and the condition of the business and
This will, undoubtedly, be
•ffairs of tlie company at that time.
Ueful as a hutory of the company, but, for any practical benefit,
a report ending with December, 1377, is too old to be of much use
wCThe
to stock and bond holders.
The President makes the following; remarks
Ant's report
1»7J-I.
$l4l,«<e
86.11M
84,788
ToUls
upon the account-
31.
$161,781
t8!i,458
182,508
Htai ion service
Water service
Engine service
20,169
103,408
9,074
101.884
158,0t4
Fuel, wood
Fuel, coal
Stfl.Mia
cars
%\ujm
n,Ofl
M.t87
$6<,613
«,SI«
184,681
14.169
10O.S7O
7.oes
«),444
142,934
|718,0U tl.ni,«eS
$97,841
l.'6,W»
18,002
•81,889
no,77«
87,158
84.418
{8,0>4
70,443
«6l,taA
f^B,487
59,lf75
94,212
2,536
70,977
68,275
76.230
2,81.5
1,844
6.4.58
16,*lt
118,6!a
4,118
93,685
116,934
60.18(
7,428
17,1188
7!.»0
(Inclndtng other
minor items otezpen.) $1,435,1.32 $1,363,012 $1,891,540
|M.I«
%
61,754
t8l,bM
871,400
13,809
91,828
12.313
101,449
t87T.
Dro. II.
8,498
«0,«««
86,018
12,618
tl.»lI,8M tl.'73S,6e7 $1,918,781)
Operating Expenaea—
Train service
Road
M78.
4 moatbs,
Aac. 81. to DaT. 81.
•lT8.a»
•48.Sii
1874-5.
Ang.
Qencral expense
Maintenance
Road, ]>rldgei A f encei.
Balldlngs
Engines
Passenger cars
Frelehtcars
REPORTS.
St.
279
Mall, exprsM, 4c
Htlltary liaflnou
Kan.Cy Brldxe, renU,Ac.
Car aervlco
AND CORPORATION FINANCES.
The iNVKSTOliB'Suri'LKMENT
-^_
.
THE CHRONICLE.
14, 1878.1
80,424
159,97$
9,92$
74,948
27.480
18,787
69
tl$
».818
9.M7
Totals,
Net earnings
$476,222
$360,674
$932,289
$160,644 $1,185,886
$»4,370
Atlantic Mississippi & Olilo.
(For the year ending June 30, 1878.)
The receivers' annual report famishes the following
BICEIPTS 4RD DISBDBSnnilTS.
The cash bilance on hand June 30, 1977, w««
There have been received during year, from
all
aonrces
$796,473
:
$50951
1,S9D,854
ri-OATINO DEBT.
1 hl» api^ars by the tialance eihcot of December 31, 1377. as S4T8.2I1. It then
iBcluded ttiree moiitlis' pay rolls in arrears, and many items of liabilities
Incurred, but which did not appear on the boaka of the company at the time
ttie prevent Board tools possession.
The company has now no floating debt except the current Jane expenses,
payable in July, and notes given for the following purposes
And expended
1,872,669
Leaving cash balance on hand Jane
30, 1878
$58,838
RBCEiyEBS' LIABILITIES AND RE80URCSS.
The receivers' liabilities, including the interest due July 1,
(1.) Stetl Rail.
We have purchased S.COO tons of steel roll, 1,000 tons of which have been 1878, on the divisional bonds, and the balance due on account of
the unassigned back labor claims, exceed their resources by the
delivered and laid. tl4,00J have been paid in cash and $39,000 In notes are
ontatanding on this account.
sum of $192,310; but the divisional bonds on hand, and outstand(S.) Grain Elevaton.
ing as collateral in the hands of holders of receivers' certificates,
A contract had been made by our predecessors, under which three elevators have not been included in the resources.
were erected on the company's land at nannlbal, St. Joseph and Kansas City,
During he past year the company's indebtedness has been
respectively, costiuir about $85,000. Under the contract the company was to
convey the laud to the contractor and give him a subsidy of (5 i.OOO in the reduced by the payment of the following amounts
company's sinking fnnd third mortgage bonds, the company acquiring no Amount ot unassigned back labor claims
$32,583
Interest in he elevators. The disadvantages of this contract were so apparOn account of Interest on divisional bonds, due prior to July 1, 1876
I
:
1
ent that the Board refused to carry It out, and entered into negotiations with
the owner, which resulted In his surrender of the right to the land and tiie
9iC,00Jin bond", and the conveyance to the company of the elevators for the
$25,000 in cash has been paid
actual cost of building, not to exceed f SS.IIOO
en account of this contract, and notes of the company maturing at various
dates liiive been given for $36,(00. The remainder of the purchase money is to
1)e paid when the vouchers for the cost of buildings fehail be presented and
snditen.
(3.) There was outstanding and not Included in the above statement of
floa'ing debt a claim of $118,000 made against the company by the Quincy
Bridge Company. This we have settled by paving $49,000 In the land grant
bonds, mentioned below, and $28,183 in cash.
(I.) There were also outstanding, and not included in the above statement of
floatlrg debt, claims for taxes for previous years to large amounts which we
kave settled and paid.
Ail the taxes
upon the road now due are paid.
FONDED DEBT.
The balance sheet does not mention the sinking fund third mortgage of
1,5.0.000. which V!>- found in existence upon taking possession of the road,
(1.)
fhe bonds under
that
mortgage had been disposed of as follows
:
$HI.(10(J— Issued to John Hurd upon elevator contract.
»200.( 00— Deposited in the Bank of Booneville to indemnify sureties
the Company's nppeal bonds in various suits in Missouri.
upon
$I.a50,OJO— Pledged with Work, Strong & Co., together with $600,000 of
land contracts, as collateral to a loan of $IhO,000.
Konc of these transactions in the bonds had entered Into the books ot the
Company.
Toese bonds have all been taken up and destroyed by fire, and the mortgage bns been canceled and discharged of record.
^a.) For the purpose of utilizing the income from the company's land contracts, on which there were due December 31, 1877, about two millions and a
halt i.f dollars, to meet the immediate exigency for the piyment of the floating debt, and for the Improvement of the property, the Board ass'ened these
contracts to the Farmers' Loan and Trust Company, in trust, to secure one
million dollars of seven per csnt ten-year bonds, with a provision tor 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
priacipai.
Ot these bonds—
$385.000— Have been sold at !),^ per cent and accrued Interest, lets one per
cent commission.
$100.0 i>— At 97Xi and accrued inter. «t. less one-half per cent commission.
i«.000— Paid at par to the Chicago Burlington & Quincy K. R. Co., in
•ettlement of balance of current account.
$4i<,0iin— Paid at par to the Quiucy Railroad Bridge Co., in settlement as
above itated.
here h»ve been three drawings, of $25,000 each, of bonds for redemption,
$4.01 Oof which were the properly of the company. All drawn bonds presented have been paid and canceled. Another drawing will probably be had
la Aneu"'. as the receipts h»ve already provided tor the interest dne in
laaoary next
'I
The item
$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
Xork, and regarding the disposition ot 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 tbe only
eonrse now open, Mr. Dowd says, seems to be to charge the sums
mentioned to profit and loss, and avoid similar methods in the
of
(atare.
Statement of earninsrs and operatintr expenses for four years
ending December 31, 1877
1876.
Grose Earnings
197.S-I.
Aug.
Paiteagers.
Vrelght.....
31.
$601. i4S
1,1^7, tt»
1874-5.
Aug. 31.
$4 9.1«
854,lld
1875-6.
Aug
31.
$862,in
l,C6«,2»l
4 mouths.
to Dec. 31.
$192,630
4.3^761
1877.
Dec.
31.
$524,400
l,S10,li48
(principally unfunded interest of January, 1674)
account of secured floating debt, tor which receivers' certificates
have been issued
On
On
account of the company's bonded debt:
Old South Side third mortgage bonds
Virginia & lennessee income mortgage bonds
A. a. &, O. interest funding 8 per cent note
10.000
$2,000
SCO
350 -1,810
Total reduction
Owing
39,905
$85,338
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
It is hoped that these rolls can be discharged during
claims.
the present year.
The payment of interest on the divisional bonds, due July 1,
1877 and Janaary 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. Th« interest on divisional bonds, due July
1, 1878, can be paid after October 1, 1878.
to the large
A. H.
*
O.
AND DIVISIONAL BONDS.
November 24, 1877,
1878, certain securities therein described,
and formerly held by the Union Bank of London and by Duncan,
Sherman & Co., have been deposited with the Baltimore Safe
In obedience to the order of Court, dated
as
amended February
5,
Deposit Company.
Under the order of Court, dated December 28, 1877, authorizing the receivers to extend, with the consent o( the holders, certain 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
Norfoltc & Petersburg liailroad 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.
EABHISOS AND EXPENSES.
The earnings during the year have been
,
;
:
$447,201
From passenger trains
From tonnage trains
From misce.Uneous sources
1,821,472
13,034
Total
the expe- ses for operating, incladlns taxes and law tees
And
$1,781,710
$1,074,745
$706,9(4
Forrenewals
For further conetructlon
Leaving a net revenue ot
»'S'?IJ
6«,i60
•»•
*•
tib^bw
$480,131
Ratio of operating expenses. Including taxes and law feee, 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 Te»r show* a
decrease in the oarnine-s from passenger trains of $23,077, and
from mi.«cellaneou8 soa"ree8 $551, and an increase in the eamlnga
from tonnage trains of $64,409, making the net increase in earn.
ings during the year, $40,871. The decrease in the earnings
from passenger trsios is Urgel^ due to tlte fnot th»t during tUa
:
THE CHRONICLE!
280
early months of the preceding year the earningB from passenger
trains were increased by the " Centennial travel."
The expenses of operating show an increase of $34,346, a result due to the floods of October and November, 1877, which
involved an expenditure of $56,086, which amount has been
charged to operH ting expenses, under the head of "Accidents."
But for these floods tlie expenses for the year would have shown
a decrease of |31,740.
TBAmO.
Nttmber cf passcogerB fr.'in"porled daring the year
Nuuiber of passengers transported one mile daring the year
Number
Namber
149,577
9,4"0,4i8
of tons of freight transported darlo^ the year
of tons of freight transported one rale during the year.
Average amount received per passenger per
Je
Average amouot received per ton of freight per mile
Barnings per mile of road (main line and branches)
m
STATEMENT OF LIABILITIES AND RES00B0B8, JDNE
Tot receivers'
Due
Due
.)40,868
rails,
$143,800
9S,50S
Ac
to connecting lines.
to individnals on open accounts
5,5">6
Due on back labor pay-rolls, unpaid
Due Jane pay-rolls, 1878
Due Keceiver's pay rolls, Jane 13, 1876,
to
31.029
78.635
45,564
May
3,
18;8,
unpaid
Interest on funded
January
cts. 1*86
$4J62 68
£0, 1878.
1,412
debt-
1, '74,
to
January 1,
July
1,
January 1,
July
1,
'76,
'76,
Inclusive,
'77,
'17,
J:inaary
1, '78,
July
1, '78,
176,2a9
$586,072
191,567
Sesaurees.
Cash on hand June
30,
1878
$68,836
Mail pay, quarter ending Jane 30, 1878
Due by connecting llneB
Due by individuals on open accounts
Old rails on hand, value
Store-house- Supplies onhand
Due by agents— Balances on hand
Excels of
liabilities,
June
'
•
12, .541
,
,
i.
39,330
1,162
41.825
222^^35
18,481)
30, 1873.
393,761
192,310
GENERAIi INVESTMENT NEWS.
Atclilson Topeka & Santa Fe.— In regard to the statements
in the ChuoNiCle of August 81, concerning the suits pending
between this company and the Denver & Rio Grande, the officers
of the A. T. & 8. F. make the following points, viz.: That the bill
of the Canon City & San Juan Company (the A. T. & S. F.) was
not based on any exclusive claim to occupy Grand Canon, but
only claimed a priority of right to construct its located line. The
bill of the Denver & Rio Grande claimed, under their private act
of 1873, the exclusive right of occupancy for the entire width of
the Canon, to be located at any time before 1882, and it was this
claim to exclusive occupancy that Judges Hallett and Dillon denied. The statement was correct as published that the A. T. &
S. F. Co. had not then acquired any right of way beyond twenty
miles; but on September 8 the Secretary of the Interior approved
their plats for entire distance to Leadville and across Poucha and
Marshall passes.
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 continue to Los Vegas, a distance of 133 miles. No halt will be
made at the tunnel through the Raton Mountains, but the road
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
Tvill 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 Telegrapli.— The directors of the Atlantic
& Pacific Tele;iraph Company met and declared a quarterly dividend of f of 1 per cent, payable September 80, from the net
earnings from the date of the pooling arrangement to August
1.
The Time) says: "The statements of the secretary and treasurer
Bhow 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 settlement of the Benedict suit, and the payment by the Western Union
—A
Company
of the Atlantic & Pacific Company's share of the profits
of the pool, withheld since November Isst in consequence
of
Buit.
The Franklin Telegraph Company, the only
that
opposition
line that ever previously paid dividends— 1 per
cent in 1874 and
2 per cent in 1875— is now paying IJ per cent semi-annually
nnder its lease by the Atlantic and Pacific Company."
Cliarlotte Columbia & Augusta— The Baltimore correspondent of tue Charleston J^ewa and Oouiier says, under date
of
Sept. 4: " The sale of the controlling interest in the
stock of this
load, 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 of tie Richmond & Danville Company.
Cincinnati Soutliern.— The trustees of the Southern Road
at their meeting on the 9th, unanimously resolved
to terminate
*"« 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
[Vol. XXVIl.
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 proposal*,
for completing and leasing the road under the form of
contract
adopted by them on the 11th of last May.
Kansas Pacific.— A press dispatch from Kansas City, September
says " An injunction was granted to day by Judge Fisher, of
the United States Circuit Court of Kansas, restraining further
prosecution of the suit commfnced a short time since in the
District Court of Douglas County, 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 Company to have one of its receivers removed was postponed, to be
heard at Washington, in October, by Justice Miller of the United;
States Supreme Court.
9,
:
,
Montclair
LlabUilits.
certificates— Collateral loans
Renewals— New
T0,"97,57i
cts. 3'55
..
.
& Greenwood Lake.— It
is
announced that the
foreclosure sale of the Montclair & Greenwood Lake Road wilt
take place on Saturday, and that it will be bought in by the Purchasing Committee representing both classes of bondho'ders.
Argument on the suit of Charles W. Hassler to re-open the foreclosure proceedings is set for Saturday morning, before the Chancellor of New Jersey, the object of the suit being to establish the
1 gal position of the petitioning bondholders, and not to stop the
sale, as the complainants have signed the plan.of reconstruction.
New York City Eleyated Railroad.— A report has been prepared by Treasurer Cowing, of the New York Elevated Railroad
Company, for private circulation among the stock and bnad holders of the company.
It appears from this that since January 1
last the company has completed and pui in operation the second
track on its West-side line from the foot of Whitehall street to
Sixty-first street, in Ninth avenue; it has completed a doubletrack road on its East-side line from the foot of Whitehall street
to Sixty-first street. In Third avenue, with a branch in Forty,
second street to the Grand Central Depot, and has put under contract the various extension of its Eastern and Western lines.
Within five months the company will have a road equal to
thirty-two miles of single track, with its stations, turnouts, repair
shops, storehouses, &c., fully completed, equipped and in operation.
The
report states that every dollar of
the subscription of
December, 1877, made for the purpose of building and equipping
the road from Whitehall street to Sixty-first street, on the East
side, the Forty-second street and Chatham street branches, the
second track on the West side to Sixty-first street, and the extension of that line to Eighty-first street in Nintb avenue, has been
paid, and proved more than ample for the purposes intended, a
surplus from the subscription being now at the disposal of the
Tiie second subscription, of May 14 last, for the purpose of extending and equipping the road on Third avenue toHarlem, has been taken mainly Ijy the same persons who subscribed in December. The following f.hows the stock and bond
statement of the company
STOCK STATEMENT.
directors.
:
Shares.
31,h93
Issued
The May
subscription
In the trea-ury, at the disposal 01 the Board
Total authorized and upon the
list
10,t3.3
7^474
of the N. Y. Stock
Exchange
.
.
to,ooo-
BOND STATEMENT.
Bonds.
The May
sabscription
In the treasury, at the disposal ot the board
Total authorized and upon the
list
In
17,
675
Eichanee .... 7.000
the treasury of the com-
of the N. T. Stock
The following shows
pany on August
llsiS
the condition ot
1878:
CASa STATEMENT.
bank
Ou hand
f221,7E8
in office....
;9,786
ToUl
$241,54S
In Central Trust Company, at call, on interest
In United States Trust Company, at call, on Interest
$100,0
50,000—150,000
Total
$391,643
The company has no floating debt. The number of paying
passengers carried by the company since January. 1812, has been
as follows, the periods given ending on October 1
1872, nine months
137,44ft
1873, twelve months
..[".
643, 27&
!.!'.'.'.!
1S74, twelve months
796^078
1875, twelve months
9j0,671
1^76, twelve months
2,(I12,«581S77, twelvemonths
3,011,864
.'
]
and three-quarter years
7,5 J2, 181
months
3.201,830
The following statement shows the earnings and expenses of
the company for each year since January, 1872. Up to September 80, 1876, interest on the debt was not included in the expenses, but for the last year it was included, amounting to $99,995:
Year.
Gross Earnings.
E.xpiMises. Net EarninEi.
1872, 9 months
$13,744
tJOl
$13,243
Total, five
1877-8, ten
1873, 1
1874, 1
1875, 1
1876, 1
1877, 1
year
year
year
year
year
t,4,602
til.-SS
2,S14
81,047
91,631
202,675
303,208
80,48 f
8-,372
1S8,177
289,i48
,„.„
5,258
14,497
13,660
669
Deducting tiie amount of interest for 1877, the expenses would
be $189,5,53, which, taken from the gross earnings (303,208),
leaves net earnings of $118,655 for 1877, compared on the same
basis with the figures for former years.
N. Y. Lake Erie & Western.— The Erie third rail has been
completed as far eaatas Binghamton, and will be used for passenger business to and from Albany, New England and the West by
the opening of a through line of Pullman sleeping coache»
between Albany and Hornellaville and the West.
—
8EPTKMBKR
;
THE CHRONICLE.
14, 1878.]
281
—
A circular Ilia beenlsKued by MnH^ra. A.
Olilo .t Mississippi.
T. (lull «ii<l \V. U. K, Manlce, B(ldrei<B«d to the Block and bund
bolder.* ol tlilR company, aaklDi; for proxlct at tli« next election to
liavo always urjjed that any action by
be held ()clol)er 10.
the stocklioldera of tliia coiiiiany wbiidi doea not recnjjnlza the
fact that all Ir^al dcbta. l)oth bonded and floating, muat take precedence of the Block will be only abortive and end In failure.
The niort|;af;n debta aru of unqut-ationed validity, and any other
obliiraliona of the company, includinfr the Sprinfi^Qeld diviaion
pnrchaae, which can be eHtKblliihi<d ag legal beyond a doubt, muat
alao be provided for. The present ciiculsr refers briefly to
" ciearlnir away the default" on the firct and aecond raortgagoa,
but eays nothlntt of ilie proposed method of doing It. Whether
the bondholders conaider the present pUn of operations tlie beat
for their iiitereata, or whether they see fit to adopt some other,
tbey 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 [urnish money for the purpose. From tlie
circular llic followin^f is condensed
The comniltlee's report and
wcommendations, including preliminary agreement with the
Sprlnjifield division bondlioldera, were finally closed on the 17th
01 April last. The directors approved theui and appointed a
eoutmittee to carry the same into eflect, with power to modify the
•greement with the Springfield bondholders. That committee
Immediately re-opened the agreement as settled with the Springfield bondliolders, and, (ailing to secure their assent to the new
proposals, broke off the negotiation, and abandoned all efl".)rt to
carry out their instructions.
The sockholJers and bondholders
ahould clearly understand the influential position of the lialtimore
& Ohio Uailroad Company management. Their vice president
mnd manager is now the receiver and manager of the Ohio &
Mitsissippi Railway Company, while, with limited txceptioua,
tho Board of D.reclors is composed of their friends and
Wo
—
:
nominees.
The redemption of the company's property from the hands of
tlie receiver can only be accomplished by a aettlement with its
Mveral classes of creditors. No settlement can be successful
Without the cooperation of the Bjard of Directors, which it is
evident cannot be relied upon as at present constitutsd. It has,
therefore, become imperatively necessary that no time be lost in
•ecuriog 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 terras.
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 (1335,000), four coupon's on second mortgage on the
first of October next ($560,000), and about |GOO,000 floating debt
on the first of July, constitute all, or nearly all, the claims that
must be provided for before the re eivership can be terminated
{except those connected with the Springfield division), and the
preferred and common stock, amounting to twenty-four millions,
lelieved from risk of total loss.
Surely a property earning a net
rtUinnal income of one million dollars, and whose mortgage
Interest charges, apart from the Springfield divi^lon, amount to
$750,000 per annum only, can have such an adjustment of its
affairs arranged as will remove the stigmaof insolvency.
A very
limited effort on the part of the stockhoiders, with the co-operation of the second mortgage bondholders in regard to funding
their overdue coupons, and a satisfactory reconsideration of the
vpringfield purchase, would solve the whole problem; and we
firmly believe that if the parties in New York, who really own
the whole proptrty, would resume its active control and direction,
means would be speedily provided for its extrication from present
^fficulties.
COMMERCIAL EPITOMR
Fridat Niobt, September 13. 1878.
There Is no new feature to note In trade circles, and yet aome
Improvement In tone has undonbtedlr taken place. A further
spread of the yellow fever la not generally apprehended: the
worst
Is
believed to be over; but quaraniine againit lofacted
towns are rigidly maintained, and prove a serloui obaiacle to the
transportation of merchandise. A very fair butinesi la going oa
with the North and West.
Pork further declined early In the week, mesa telling below
$9 00 for October, and slightly over that figure for the remainder
of the year
but there has been aome recovery, and the aalea to$9 30 for October and |9 30 for November. Lard
also declined, going below |7 00 on the spot, and as low aa $6
77i
day were
;
at
but there was a smart advance on Wednesday
and Thursday, followed to-day by some depression, closing at
|7 03i@|7 Oj, spot and October; |7 00 for November and $8 90
for December.
Bacon has declined, and Western long and short
clear sold at Chicago for all the year at 5c., but this may now be
regarded as an inside figure. Cut meats have been active and firm.
Beef and beef hams lower and unsettled. Butter and cheese
closed depressed by the unseasonable weather.
Tallow firm
seller the year,
but quiet.
There has been a quiet market for Kentucky tobacco the past
week, but prices are well supported on the basis ol the lata
advance. Sales for the week 050 hhds., of which 5.50 for export
and 109 for home consump.ion Iu,^s quoted at 333c., and leaf
<>@14c. Seed leaf reflects a much more active market, the sales for
the week aggregating nearly 1,800 cases, as follows: SOTcises, 1877
crop. New England, 6, 10, 14@18c.; 60 do., 1876 crop. New England, 13 to 15c. 337 do., 1877 crop, Pennsylvania, SJ to 16 cents ;
156 do., 1876 crop, Pennsylvania, 7 to 9c.; 380do., 1877 crop, Wisconsin, 7i to lOc; 600 do., 1877 crop, Ohio, private terms, and 100
do. sundries, 5 to 18c.
The movement in Spanish tobacco haa
been moderate, the sales being 500 bales Havana at 80c.@$l 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 16i@17ie., gold. Of
mild grades there have been late sales of 7,920 bags Maracaibo and 1,000 bags Sivanilla at current rates. Rice has been
rather quiet, but about steady. Molasses has advanced, foreign
descriptions especially 50 test Cuba is now quoted at 33@o3c.;
Refined
the movement has shown a material Improvement.
sugars have been in active demand, and close higher and firm,
Raw grades also are
with standard crushed quoted at lOe.
;
;
;
I
quoted very firmly, most too much so to insure a liberal movement. Fair to good refining Cu'oa quoted at 7j@7tc.
Bhds.
Receipts since Sept.
1,
1878
Siiles since
Boxes.
Bags.
591
2,771
I0,»U8
tS,580
69,5:0
10a,601
10.403
1S3,376
46,179
810,831
Uelado.
631
S93
S.78S
10, Ilia
would appear that no better time could be chosen than the Stock Sept. 11. 1878
1,883
15,215
present for obtaining the means of reconstructing the company. Slock Sept. IS, 1817
The proapec's of truflic were never more encouraging, and the
There has been a very fair business in ocean freight 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
border on
ta early day payment might be resumed on the second mortgage; close show much irregularity supplies of tonnage
bat it is evident that this cannot be done without previous cro- excessiveness Engagements of grain to Liverpool, by steam, at
Tision for the overdue first mortgage coupon, nor without inviting 5id. per 60 lb.; cotton, Jd.; flour at Ss. 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
It
;
:
«0-operation with the siotkholders is required
First, to clear away the default on the first mortgag'e
second,
tb tffect the same result with the second mortgage
third, to
permit of a full re-consideration of the Springfield purchase,
which is required by their bondholders, and also in the interest
of the stockholders.
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 gentlemen that the right of the proprietors to repeal the by-lawproviding 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 vrho shall not
have a bona fide interest in the stock of the company.
A press despatch from Sprngfield, 111., 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 by C. W. Uassler and Perrf Belmont, attorneys, of
;
;
We
;
;
—
New
York."
L
steam, 8@8}d.; do. to Hull, by steam, 6d.; do. to Cork, for order*.
10}d do. to Bordeaux, Ss. 9d.; do. to Marseilles or Cette, 6«.;
do. to the East coast of Ireland, 53. Od.; refined petroleum to tho
5s.
;
Baltic, 4s.; crude do. and naphtha to Havre, Ss. lOJd.; crude do.
to Marseilles, 43. lOid.; refined, in cases, to Gibraltar, for orders,
26c.,
gold; do. to Cons'-antinople, SOJc, gold
;
do. to Valencia,
gold ; grain to Havre or Antwerp, 5s. 3d. per qr.
The business in naval stores has latterly been very moderate,
and the tone anything but satisfactory; spirits turpentine at the
and common to good strained
close was quoted at 27i@28c.
28c.,
;
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 5ic.; and refined, in bbls., at lOJc. MeUla can b«
reported generally dull and without features of interest. Hide*
are quoted firmly, which haa rather checked a movement. Ingot
cspper has continued quiet, but about steady, at 18c. for Lake.
37i@l
rosins at |1
42^.
;
have sold moderately at 8@8Jc. per lb. for clover
and |1 30@|1 33i per bushel for timothy domestic flax, f 1 50@
Whiskey quiet at |1 10(gl lO*.
1 521.
(irasB seeds
;
—
.
..
:
THE (^HRONICLK
282
[Vol. XX711-
of the telegraphic figures, because in preparing them it is always
necessary to incorporate every correction made at tlie ports.
Cotton on the spot lias declined the past week. Quotations
O O T T O N.
Fbiday. p. M., September 13, 1878.
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 36,750 bales last week, 15,781 bales the previous
week, and 5,699 bales three weeks_ since; making the total
were reduced ^c. on Saturday, and again on Monday, to 11 |c. for
Middling Uplands, at which figure the decline was checked, there
being some improvement in the demand from home spinners and
Yesterday, however,
stocks showing no important accumulation.
The Movement of the
was a further decline of ^c. making |c. 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, i@ic. above the figures for new. For
future delivery the speculation has been quite feverish and unThere was a material decline on Saturday and Monday
settled.
under the liberal movement of the new crop and dull foreign
advices; but both Tuesday and Wednesday opened buoyantly,
1874.
losing, however, as the day advanced, most of the early improve5,424
ment. The "bear" party seem very ready to take alarm, and at
2,850 the slightest adverse influence become eager buyers to
cover
1,723 contracts; but, with the short interest disposed of, there seemed
Yesterday, there was some
to be no adequate support to values.
8,483 recovery, but a quiet market.
To-day, the speculation was dull
4,546 and prices weak.
The total sales for forward delivery for the week are 372,500
1,064 bales, including
free on board.
For immediate delivery the
40 total sales foot up this week 5,433 bales, including 516 for
373 export, 4,897 for consumption and 30 for speculation.
Of
1,732 the above, 375 bales were to arrive.
The following tables show
1,810 the official quotations and sales for each dav of the past week:
there
,
receipts since the 1st of September, 1878, 73,339 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:
Receipts
Wk at
tlile
New
Orleans
Mobile
3,932
1,876
7,656
1,339
19,550
11,710
181
691
4,556
2,358
57
4,898
2,634
5,979
12,468
3,628
7,784
10,739
599
363
78
150
166
82
789
2,119
36
29
&c
Tennessee, &o
1,061
2,330
1,436
1,636
1,816
47,431
12,109
41,457
36,709
28,045
73,329
17,994
63,030
59,424
47,699
Sortli Carolina
Norfolk
City Point, &o
week
...
Total since Sept.
1.
—
38
915
850
32
168
14
296
164
52
Florida....
Total this
6,239
2,039
5,216
957
Port Royal, &o
Indianolo,
1875.
1876.
1877.
1878.
The exports for the week ending this evening reach a total of
6,803 bales, of which 6,803 were to Great Britain, none to
France, and none to rest of the Continent, while the stocks as
made up this evening are now 81,389 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season:
UPLANDS. ALABAMA.
Saturday, Sept. 7,
to Friday, Sept.l3. Sat.
ending
EXPORTED TO
Great
Bept. 13. Brltain.
H. Orl'ns
Mobile
Contlne„(.
_,
France.
tbia
Same
Week
Week.
1877.
Total
CSharl't'n
Bavan'h.
Galv't'n-
N. York.
Norfolk-
3,245
Other*..
2,557
2,557
453
6,802
6,802
8,368
7,915
3,245
1877.
5,962
2,838
7,524
21,989
15,245
21,024
19,059
2,801
4,985
4,671
4,602
50,941
1,261
17,000
207
6,500
12
Middling
Good Middling
Good
TEXAS.
mon
Sat. noD.
11%
11%
ll's
12
ll's
1238
1278
I3I3
13
13S8
Ordinary
^
Strict Ordinary
Good Ordinary
10
III3
11%
ll's
1178
12
121s
1178
12
ll's
12
12%
12
12=18
1258
123,8
121a
125,6 123,8
la's
121s
1318
13
13% la's
121,8
1238
1278
1312
13
1358
10
ll's
1178
11%
11''8
123,8
I213
121,,
13%
13%
13
1308
Wed Tnes Wed Tae« Wed
lOie
lOis
lOM
109,8 109,6 109,8
nii8 111,0 11118
Ilia
1113
Ilia
10
1018
lOTjs ilOTjB
109,8
101*18 IOI618 101*18 101*,8 lUlS
1138 1138
1138
Ilia
Strict (iood Old... 1138
ll's
ll's
ll's
Low Middling
ll's
11%
11% 11% 11% 11% 1178
Strict Low Mid
Middling
ll's
ll's
ll's
ll'e
12
Good Middling.. 121,8 I2I16 121,8 12'l6 123,8
1238 1238
1238
121-2
Strict Good Mid... 1238
12^8
1278
12^8
1278
13
Middling Fair
I3I2
I3I3
13=8
Fair
131a
131a
lb.
1
10
.
11%
11%
11%
ll's
ll's
117g
12
12
12
123,8 123,8 123,8
12i«
1213
121a
13
13
13
13=8
1358
13=8
.
81,289 105,320
^
Ordinary
Tot.eince
Sept. 1
93
9,651
9,744
• The exports ihls weeK under the head of "other po-ts" Inclurle. from
more, 2,057 bales to Liverpool from Fhiladclphla, 000 bales to Live pool.
Balti-
;
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared, at
the ports named.
add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street
Tis
We
On Shipboard,
Sept. 13,
Liver-
.
pool.
New Orleans.
„
Otber
None.
None.
Savannah
300
None.
Galveston
47
None.
2,283
None.
None.
3,630
300
Total
wise.
_
Leaving
^
,
Total.
Stock.
SEPT.
None.
not re ceived...
None.
None.
3,500
5,100
5,870
5,917
None.
*2,525
EXPORTED SINCE
1.
Great
1878.
1877.
1,562
1,361
952
438
418
3,835
11.599
6,392
16
108
677
277
580
25,898
_
i
SEPT. 1
Other
Britain. France. Foreign
1,233
TO—
_ ^
,
Middling Fair
Fair
.
12%
[121a
1338
13
1,233
93
1.709
4,435
1,643
3,804
10,526
10,098
20,968
499
300
396
5,500
93
2,942'
57,773
liastyr,
-
5.8851
2.763'
1311
160
3.054 110.938
' Unoer the head of Vharlenton Is Included Port Koyal. &c.; under
the head of
vaitMton Is mcluded ladlanola. Ac.; uader the head of Sorfollc Is included City
fOInt. Ac.
These mail returns do not correspond precisely with the
'
total
058
101,8
10i>,8
11
1114
\VM
11% Ilia
1115i6 11%
I2I4
12
12% 121a
1338
1318
lllfl
1116,6 11%
I2I4 12
STAINED.
10%
1014
lb.
10%
I
9%
10
10
107,8 103,6
101B,8 1011,8
1138
lllfl
1138
ll's
11% Ilia
ll's
ll's
121,8 117fl
1238
1218
1278
1258
1314
131a
raon Toe*
Sat.
^
Good Ordinary
Strict Good Ordinary
10%
9%
107,8 103,8
1015,9 1011,6
11 3r
lllfl
1138
ll's
1131
lHa
ll's
ll's
121,6 12'8
1238
I21«
1258
12's
13 la I3I4
Wed Th
10%
Frl.
10
Frl.
9%
10=8
lO'e
lOSg
10%
IOI4
1 1 14
11%
11%
11%
11
ll's
Ills
lli-j
Ilia
1133
10%
11%
MABKBT AND
SALES.
SALES OP SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Quiet, lower
Mon .IduU, easy, lower
Tiies.!Dull
Sat
.
.
Export.
Con- Specsump, ul't'n
Trailsit.
lotal.
Sales.
1,148
1,148
665
602
775
638
665
662
775
638
34,700
64,900
44,400
51,800
37.900
38,800
\
Wed
.JQiiiet
Thurs Quiet, lower
Frl.
.
Steady, lower...
Total!
516' 1,009
20
1,545
516: 4,897
20
5,4.33 272,.500
1
DeUverlea.
100
100
300.
100
2001
200I
1,000
For forward delivery, the sales have reached during the week
373,500 bales (all middling or on the basis of middling), and the^
followinf; is a statement of the sUes and prices:
For September.
Stock.
14
86
610
2,849
11%
Middling
Good Middling
Good Mid.
Strict
2,838
16,889
9,328
18,499
Total.
1,134
1,425
1,616
im
Ix>w Middling
None.
9,370
13,542
47,554
* Included In this amount tuere are 242 bales
at Presses tor foreign
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 34,031 bales leas than they were at this time a year ago. The
following is our usual table showing the movement of cot '.on at
all the porta from Sept. 1 to Sept. 6, the latest mail dates:
RECEIPTS SINCE
1
Middling
gram
None.
1,300
New York
Coast-
France. Foreign
...Tele
Mobile
not cleared— for
979
si's
9'e
Strict Ordinary... 105,8 il01,8 10i>,8
Good Ordinary
10",8 109,8 101S16
Strict Good Ord... 1114
11
U14
1113
Ilia
Low Middling
Strict Low Mid
IKJR 113R
ll's
lb.
Uia
11%
1138
11»8
Th. Frl. Th. rrt. Th. Frl. Th.
week..
Thlsyr.
III2
ll's
123,6
.Mid... 1213
Tot. this
POBTS.
11%
Ofd... IIJ3
11«1
Low Middliuff
ll's
Strict Lf)wJMid
TneaiW^ed Taes
1878.
ORLE'NS
Sat.
.
Good
Strict
Middling Fair
Fair
1,000
1,000
N.
lOis
10
1014
lOig
Ordinary
lOH lOis
^ lb. lOig 10
10»18 101,8 101 lu 10»i« 1011,8 io«,«
Ordinary .
109,8
Good Ordinary. .. lUia 101*18 III18 10lS,o 113,8 III18 113,8 iHie
Strict
Strict
Week
Mon
ITIon Sat.
I'aici.
17,2fi0
<t«
I
For December.
11 -OS
Bales.
11,700
12,700
4,400
2,400
1,300
1107
700
200
11-1'i
100 en. 6th 1134
5,400
7,100
11-34
fOO
U-S5
300.
11-36
lOOs.n.'.utlill 37
700
400
11-13
11-14
11-15
11-19
11-20
11-21
11-37
11-38
84,100
Bales.
1.700
2.300
1,500
10,700
8,700
14,500
14,500
8.H00
7,200
7,300
800
900
Ct»
1187
11-2S
11-29
11-30
11-31
11-32
11-33
1,100.
1189
800
BOO
11-40
11-41
11-42
11-43
11-44
11-49
11-50
1,200
9,100
4,800
900
1,300
96,000
I
1
1
2,800
4,<00
2.400
1.400
1,800
1,200
4,200
2,200
200
200
23,700
10-91
101)2
10-98
10-94
10-95
10-90
10-97
10-98
2,900
1,100
1,500
10-9*
10-WS
10 S9
10-90
1091
1,200
10-92
10-ie
10-99
2(«)
11-011
100
400
n-oai
...11-OS
10-S7
WHS
10-98!
lOBJ
...10-081
10-90,
11-00;
5,800
For March.
200
„
10*
ln-S7
10-88
1,0<X)
ic™
1(1-89
1.400
11-01
lOHO
I
500
10-91
I
1,000
2,900
3,000
10-92
10-93
900
500
100
700
u-w
U-OE
400.
.'11.01
900
700
.n-w
10-1)4
10-95
11-00
5,400
15,200
Fir February.
100
CIS.
10-93
900
200
300
500
000
lO'Sfl
21,400
300
1,200
5,300
5,800
4,400
1,000
1,800
200
1,100
For January.
For November.
200
1089
2,000
1090
1,200.
For October.
4,400
1104
10,000
H-05
11-08
11-09
11-101
11-11
Ea'es
ct«.
10-85
10-92
iro^
For April.
100
n-O'i
1,300
U-O!
:,
:
.
.
.
SBrTBMnER
fU.
BftlM.
»00
....IlIO
flOO
....nil
VU.
IMO
11-17
Tot M*7.
U
11
The
U'lO
(WO
900
800
1
100
...
U-lfl
...
....1190
....1I-91
t)»0
sjioa....
...1118
....Itl«l
ForJui*.
I
4,000....
300.
...1113
SS--
cu.
B*lea.
"moo
...uu
1300
01
Balitl.
llOtf
....
I
THE CHRONICLE.
14, 1878.J
«oo...
...11-93
100....
11-W
11-17
rtn
P*le>.
1,100
1.100
n-88
100
100
111)7
IIM
1130
n. lOlh, for rrg.
•.
'34 p4. to
|
that th« old Interior stock* hkr*
week 4..M3 bale*, and •»> tonight 1 68*
same period last year. The receTpu at the
same towns have been 9,.M7 Ule« mor* th«n the
same week Im"
I
exchanges have been made during the week:
followinjf
pd. to eicli, 100 Sept.
The above touls show
uicreeued during the
bales more than at the
yoftr.
«,400'
1118 10,300
283
exch. 100 Feb. for Sept.
The following will sliow the closing prices bid for future
delivery, and the tone of the market at three o'clock P M., on
the several dates named
Receipts from tiib Plantation. -Referring to
our remarks
n a previous issue for an explanation of this
table, we now brinir
the figures down one week later, closing
tonight:
CIIPTi rSOK
PLANTITIOHI.
t
MlUDLlNO UPLANDS—AMKRICAM CLASSIFICATION.
Frl.
Silt.
Moil.
Tues.
Wed. Thiirn.
Mitrkot
I^>wcr. Lower. I<owi>r.Var'ble. Flniier IIlKlior.
BoptemlHT
11-41
11-29
n-*rt
11-2!)
11.11
11-34
—
11-12
10-95
10-01
10-92
10-98
11-08
11-13
11-21
11-28
11-lS
iro'J
Oet«l>«T
KovemlHT
10-<)7
10-()H
DeceiiilMT
January
11-04
11-11
11-19
11-27
11-33
Folininry
March
April
Miiy
Juiio
July
TrauRfor orders
CloBod—
Gold
Eiobanice
11-50
11-0.1
ll-o:i
10-91
10-89
10-84
10-S.5
10-81!
10-92
10-98
1107
IIM
11-23
11-03
10-88
10-83
10-8»i
10-93
11-01
11-35
11-30
Weak. Steady. Weak.
100^8
lOOU 10019
4-8OI4 4-80
4-80>s
1003(8
1-80
Week
•ndlng—
Eiialor.
11-31
11-08
10-92
10-91
10-93
10-99
11-07
11-13
11-22
11-28
11-34
11-35
Tub VisinLE Supply op Cotton-, as made up by cable and
telfgraph, is as follows.
The Continental stocks are the figures
of last Saturday, but the totals for Gieat 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.
1877.
1876.
1875.
_.„. .
Stock at ,Uverpool
485.000 740,000 751.000 751.000
Stock at I»ndou
20,000
29,500
38,730
74,000
,
Total Groat Britain stock
Btoek at Havre
503,000
.
760,500
229,000
11,000
155,2.50
Stuck at .Marseilles
Stock ut Kareelona
Stock nt lliiniliurtc
Stock at HreiiK'ii
Stock ivt Anistrrrlam
Stock nt Kottcnlaui
Stock at Aiitwi rp
Stock at other cuutl'Dtal ports.
.
1.750
13,500
59.00t>
7,750
5.250
12,000
13,000
65.000
37,750
10,000
7,750
12,000
280.230
444,450
5,.300
35,000
42,2.50
.
Total oontiucntal ports
Total European stocks.. ..
India cotton afloat for Europe.
Amer'ii cotton afloat for Eui-'pe
Egypt,Hi-a/.il,A:c..atU for E'r'po
Stock In United States iHirts ..
Stock ill U. 8. interior ports..
United States exports tOHlay
739,730
189,000
4,250
68.000
12,000
54.000
62,750
16,500
17,000
785,230 1,213,950
193,000
160,000
14.000
48,000
3.0(M)
23,000
81,289
105,320
11,019
9,387
1
53,.500
14,2.30
437,750
368,500
,227,500 1,193,500
1,000
.
823,000
190,000
4,250
12,000
31,000
55.000
9,750
4,000
9,000
379,000
34,000
24,000
133,313
11,084
2,500
375,000
21.000
23,000
89,093
10,106
1.000
Total visible supply. bale8.1,090,558 1,559,657 1,811,397 1,712,699
Of the above, the totals of American and other descriptions are as
follows
Amtrtean—
Liverpool stock
Continental stocks
American afloat to Europe
TJnlted States stock
United States Interior stocks. .
TTnlted States exiH>rt« to-day..
Total American
Total East India,
bales.
363,000
221,000
14,000
81,289
11.010
1,000
444,000
321,000
48,000
105,320
9,387
,691,308
927,707
631,950
399,250
etc
Total visible supply
Price Mid. Upl., Liverpool
....
392,000
303,000
34,000
133.313
11,084
2,500
374,000
174,000
21,000
89,093
10,106
1,000
865,897
669,199
945,500 1,043,500
1,090,538 1,559,657 1,811,397 1,712,699
613d.
6iea.
6d.
6i5i6d.
These figures indicate a decrease in the cotton in sight to-night
of 409,09!) bales as compared with the same date of 1877, a
iecreoit of 730,.S39 bales as compared with the corresponding date
«f 1870, and a decrease of 622,141 bales as compared with 1875.
At the Interior Ports the movement— that is the receipts
-«nd shipments for the week, and stocks to-night, and for the
corresponding week of 1877— is set out in detail in the following
statement
Aoguiita, Oa
OolunibiiH, Ua
Week ending Sept.
13, '78.
Week ending Sept
Receipts Shlpm'ts
Stock.
Receipts Shlpm'ts Stock.
3,703
2,081
2,694
3.788
2.290
3,144
BuhvUlcTeun..
300
480
279
Total, old ports.
15,338
Dallas, Texas....
JelTurson, Tex
930
77
000
Macon, Ua
Montgomery, Ala
IBehnu, Ala
Memphis, Tenn."
.
.
Shrevcport, La ..
VlekHbniL'. Misa
Oiliimhii-, Mi-~
Eul.t!li:i, M;i
1,158
1,245
733
511
751
315
1,808
1,323
1.404
1,030
236
2-20
750
319
697
245
10,796
11.019
5,771
5,687
9,387
255
26
450
931
66
543
25
30
45
145
270
112
406
299
18
1,374
60
275
992
225
147
34
190
197
60
9
142
1,000
400
21
180
600
40
290
7
11
216
543
1,543
153
1.132
3.430
1,2.50
2,3.52
1,429
.
i.55
1,880
424
14, '77
1,052
2,070
1,437
3,646
1,745
2,122
304
595
1,835
519
153
.
620
794
635
1,289
731
4,653
045
(i»
niailc.tte, N. C...
St. Louis,
413
75
.50
1,711
1,358
Ctoolnnatl,0.*...
500
245
1,163
1,200
38
174
13
79
233
686
4,073
7,052
2,857
3,166
6,883
15^71. ft8,971
8,628
8,833
16,272
Aihnita,
Ua
2,051
l'."ii"-.
Mo
Total,
new
p'rts
Total, all
*
Estimated.
8,125
24,463
1876.
Prl.l
10-94
11-01
11-09
1109 11-16
11-17
11-23
11-23
11-29
11-29
11-35
11-30
11-35
Dull. Steady. Steiidv.
IOOI4 lOoU
10038
4-3014 4-80>4 4-80>9
10-8."5
10-92
10-99
11-07
11-15
11-22
11-4,5
Weak.
11-07
10-91
10 92
Receipts at the Forts.
June
••
II
If
7
"
"
»i
1877.
1878.
19,.180
88,669
67,8aj
81,154
1876.
isn.
1871
"Tbo5
6.814
8,444
11,83!
7B.0B4
88,184
S9.S1B
1,989
8,171
8,9M
10,781
67.718
45,719
18,897
8,151
8,141
83
8.5S9
6.SI9
6,87H
61,018
88,811
tl,t4u
1,985
B
8,661
6,10i
S,949
67,865
88,077
19,1)71
6,448
1,868
4,884
la.
6,005
4.404
5,8 1
1,881
S.848
B.04]
S,«76
3,768
58,788 «3,9»7 18,0M
49,5M 87,979 15,494
1,876
19.
888
8,636
IJtt
SO.
f.l
8,S99
4,086
47,151
->B,86l
Ii,ns7
3,166
681
4.
B,IS3
S,691
3,611
48, an!
88.478
11,005
874
9.
B,8ri
8,108
8,069
8},18<
81,574
8,346
6JM
4.6M
43U
1,110
8,148
1,804
410
16.
7.8»i)
1,738
4,f57
88,877
19,118
6,M8
1,0(6
as.
7,1S1
8,614
5,699
83,691
17,C<>i
B.999
1,965
1,186
8440
80
1S.ST8
4.335
15,781
!l,6t7
16,878
6,593
11,814
8,011
15,784
!9,73)
S8J.'.
8<),750
80,7*'
16,449
9,979
18.86ri
5,86)
86,790
41.451
18.100
47,43:
)S,4SI
16,87J
18,971
11.93)
41,457
47,4St
16.3.i83
81.9)1
1«7,376
68.135
65,088 134,359
Sept.
••
1878.
9,880
10,498
"
•'
Stock at Inter'r PorU Rac'ple from Plant'os
14
Ang
11
10,4M
1978.
SI
July
tt
lbT7.
6.
IS
Totsl.
8.649
This statement shows us that the receipts at the ports the
week were
pMt
47,431 bales, received entirely from plantationg.
Last year the receipts from the plantations for the same week
were 41.457 bales, and for 1870 they were 11 933 bales.
Weather Reports by Telegraph.—There are no 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 reacli of caterpillars before they came, and the harm
they will do is, therefore, far less than usual, even in the districts 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.
Oalveston. Texas.
There has been no rainfall during the week.
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 lias been generally stripped of
leaves by caterpillars in the coast counties. Average thermometer
78, highest 89 and lowest Ql.
Indianola, Texas.
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 season of the year. Picking
is progressing finely.
Caterpillars hove devoured foliage.
The
thermometer has averaged 76, tlie highest being 93 and the
lowest 00.
Corsicana, Texas.
It has rained liard on one day this week, the
rainfall reaching two inches and sixty-five hundredths, doing
much good, though late. The weather has been too cold. Picking is making fine progress. Average thermonieter 73, hiirhest
93, and lowest 49.
Dallas, Texas.
It has rained hard on one day of the past week,
with a rainfall of two inches and sixty hundredths The rain has
proved very beneficial. The weather has been too cold on three
days, and a light frost is reported between this and the Red
River.
Picking is progressing. The thermometer has ranged
from 93 to 49, averaging 73.
Brenham, Texas. The weather has been cold and dry all the
week.
believe the statements of injury from caterpillars are
exaggerated, though in some sections much damage has undoubtedly been done.
Picking is making fine progress. Average thermometer 78, highest 93, and lowest 03.
New Orleans, Louisiana. Telegram not received.
Shreveport, Louisiana.
Telegram not received.
Telegram not received.
Vicksburg, Mississippi.
Columbus, Mississippi. It has been clear and cool all the week,
the thermometer averaging 74, and ranging from 50 to 80. Cotton is coming in very freely.
Little Hock, .4 r/:a;i«a«.— 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 lias been clear and cool. Cotton begins to move freely. The thermometer has averaged 05, the
highest being 80 and the lowest 49. The rainfall for the week is
thirteen hundredths of an inch.
have had rain on three days th;«
NasltviUe, Tennessee.
week, the rainfall reaching fifty-six hundredths of an inch. The
thermometer has ranged from 05 to 81, averaging 73.
Memphis, Tennessee. Telegram not received.
;
—
We
— We
—
—
—
We
—
—
—
—
— We
—
—
Alabama. Ihere has been no rainfall here during the
week. Accounts from the interior are unchanged. The thermometer has averaged 78, the hi£;liest being 93 and the lowest 64.
Montgomery Alabama. We Lave had no rainfall during the
The thermometer has averaged 77, the highest beings
])ast week.
88 and the lowest 04.
Selma, Alabama. It has not rained here during the week, the
weather having been clear and cool. Planters are sending their
crop to market freely.
Madison, Florida. There has been rain on six days the pMt
two weeks, the rainfall reaching a total of seven inches. The
thermometer has averaged 75, the extreme range having been 8Q
Mobile,
—
.
—
—
...
.
.
:
THE CHRONICLE
284
and
We had
70.
wind the
considerable
but there was not as
—
much damage done
first
as
part of the week,
was expected.
Macon, Georgia. We have had rain on one day this week, an
unusually severe storm. The thermometer has averaged 77, with
an extreme range of i,6 and 84.
Columbus, Georgia.— It has rained on one day this week, the
The therrainfall reaching one inch and forty-five hundredths.
Picking is progressing finely.
mometer has averaged 80.
Our last week's telegram about caterpillars was misinterpreted.
What we intended to say was that the statements of injury from
The telegram being sent in cipher,
caterpillars are exaggerated.
wrong word was
used.
Saraniiah, Georgia.— Bain has fallen on six days of the week
and one day was cloudy, the rainfall footing up four inches and
Ihe thermometer has ranged from 73 to
sixty -four hundredths.
a.
89, averaging 78.
Augusta, Georgia. During the earlier part of the week we had
heavy and general rain on three days, but the latter portion has
been clear and pleasant. Accounts are good and picking is makPlanters are sending their crop to market
ing fine progress.
—
freely. Average thermometer 78, highest 93 and lowest 68. The
lainfall has reacued four inches and seventy-seven hundredths.
It has rained during the week on
Charleston, South Carolina.
four days, on one day an unusually severe storm, the rainfall
reaching five inches and fifty-four hundredths; but as the week
The
closes, there has been a favorable change in the weather.
—
thermometer has averaged
lowest
the highest being 87, and the
79,
71.
—
Comparative Port Receipts and Daily Crop Movement.
of the port movement by weeks is not accurate,
A comparison
as the weeks in different years do not end on the same day of the
We have consequently added to our other standing
month.
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
eich port each day of the week ending to-night.
POHT RECEIPTS FROM SATDRDAY, SEPT. 7, '78, TO FRIDAY, SEPT. 13, '78.
New
D'ys
of
Or-
Mo-
we'k
lean.s.
bile,
Bat..
GH
Mon
l,5il
Tucs
824
Wed
7
Thur
413
536
Fri.
..
Char- Savan- Galnah. vest'n.
jleston.
311
918
790 1,017
214 1,43C
99
967
156 1,441
306 1,851
Wil-
Nor-
ming-
folk.
ton.
All
others.
Total.
5,280
1,464
1,321
2,013
1,632
70
175
160
200
100
145
146
20
369
42
239
106
113
20
271
52
479
4,108
13,113
7,341
6,258
7.982
8,627
7,656 19,550 11,710
830
86S
989
47,431
1,946
4,149
2,838
3,351
3,620
3,626
[Vol XXVIL
to-night are now 56,686 bales more than they were to the same
day of the month in 1877, and 35,116 bales more thaa they
were to the same day of the month in 1876.
add to the last
table the percentages of total port receipts which had been
received Sept. 13 in each of the years named.
We
New
Crop, and Receipts of Last Crop for Six
advices from India indicate that good
progress has thus far been made in starting the new crop.
Rains have been of very wide extent and abundant in truth,
India's
Months.
— The
latest
—
over limited districts excesive, but this latter fact is not con
The Bjm' ay Prices Current,
sidered particularly unfavorable.
under date of August 3, statts :
The rainfall in Bombay daring the month
of July has been one of the
heaviest on record, imd, us it ha^ extended very generally over the country,
agricultural prospects are everywhere moft promising, wiih the exception of
those few loculitiefr where the rain has been extes^ive and damage has in conscSuence been done to the gr.-wing crops. From Uroach we le^ru that, owing to
oods, at least one-third of the cotton crop will have to be planted over again,
but this, with favorable weather the rmiiainder of the mon con, will merely
have the effect of u^aking he crop a late o^ e, as the plants wilt not arrive at
maturity unii five or six weeics ufier the usual time
he re ief <rcca8ioued by
the seasonable weather in the districts which dur ng the last two seasons have
shortly
mu-t
have
theetft-ct
of
famine
greatly
benefiting trade,
been vi-ited by
especially piece gonds and other articles of import, for which, however, us yet,
limitt;d.
The
only
improvement
in
demand
is
the
cotton
the
market at
home during the week has increased the demand here, and there has been
a very good inquiry for the season of the year, which, how;.ver, has not beea
freely met by holders, who look for better prices for their stticks hereafter:
business has, in consequence, been restricted within smaller limits than would
have been the case, if supplies were abundant and the quality of the cotton
A gooa busine-s has been trausoff*iring more desirable ilian it is at present.
actcd here in Madras de.-cripiions of wuich the Tinnevelly crop is a very good
one. At one time a very gener.il opinltn prevaile i that we weie likely to see
more activity thau usual this year during the monsoon, if prospects for next
seas-m's crops were favorable, and the disposition on the part of expor.era
ceriaiHly iiow tends to confirm tnis opinion; but the exceptional paucity of
supplies of all descriptions of produce hampers their opera ions, and we cannot expect to see any miterial increase ii exports until the end of next month,
when ttie up-country traffic will be resnmetl, and Bupplie*of graiu and seeds
will no doubt be ptjurjd freely into this market.
'I
Messrs. Nicol& Co. also report on the same subject, under dato
of
Au;U3t
1
From the tele^'rams which we publish below, it will be seen that Gnzerat h i»
this week been visited with very tn-avy rain, and, in seme pa ts, re- mowing will
have to be done. 'Ihe railway bridge over thj Nerbudda Uiver his again b.ea
washed away by floods, and this wih, for so.ne time to come, stop at. importation of coton from the districts north of Broach. The Berars and Central
Provinces have had sufficient dry weather to enable weeding operations to be
commenced; and from llingunghat reports are also favorable. In Bombay,*
75 inches of ram have fal eu to date. The following are the latest telegrams
we have received:
Ahuedabad, July 31.— Rainfall for the week, 13-07 inches; to date, 22-17
inches. Crop prospects favorable.
Bboach, July 31.—Kaln all fur thewe-.k, 18-2* inches; to date, 34-34 inchts.
Rain did harm. Fine weather required for re-sowing.
JuLOiUM (Khandeish), J uly 31— Rainfall tor week, 2-96 inches; to date, 12
inches.
3,932
Tot..
1,876
Uhamoauh
(West Berar), August 1.— Fine weather, but showery. Prospects
very favorab.'e.
The movement each month
Year Beginning September
Monthly
Eeceipts.
Bept'nib'r
October.
Novemb'r
Decemb'r
January
.
February.
Haroh
April
. .
.. ..
May
June
July
August.
.
Corrct'ns.
since Sept. 1 has been as follows:
1877.
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142
20,240
34,561
52,595
1876.
236,868
675,260
901,392
787,769
500,680
449.686
182,937
100,194
68,939
36,030
17,631
14,462
66,293
1875.
1874.
109,077
610,316
740,116
821,177
637,067
470,801
300,128
163,393
92,600
42,234
29,423
33,626
71,985
134,376
536,968
076,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
17,064
13,524
9,709
bHEAQAUM (West Berar), Augnst 1.— No further rainfall crops flourishing.
OoMRAWUTTEE (East Berar), July 31.— Rainfall for the we«k, 4-5J inches;
;
Grain crops healthy; rain did good.
MooRTiZAPt)RB (East Berar), July 31. Rainfali for week, 2-17 inches; to
to date, 17"80 inches.
1.
1873.
1872.
115,255
184,744
444,003
530,153
524,975
569,430
462,552
309,307
218,879
173,693
72,602
83,515
46,467
31,026
355,3-23
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501
31,856
23,394
12,299
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
98-36
98-28
99-72
99-68
99-15
Corrections
01-64
01-72
00-28
00-32
00-85
Total port receipts.
100-00
100-00
100-00
10000
lOO-OO
date,
li-i!)
—
inches.
July -il.— Rainfall for
WuRDAH,
week at Hingunghat, 4-99 inches here,
inches. Wttding tperations ccmmetced. Crop prospects fa. oiabie.
Htderabad (Uicctn), Juiy 31.— Week's rainfall. 13-1 cents.
GuDDucK
(S.
flourishing, but
;
M. Country), August 1 — Hainfa'l to: week, 2') cents. Crops
more rain is wanted. Weather cloudy, with high winds.
&
Messrs. Wallace
Co.,
under date of July
Accounts from the districts continue to report crops in a most flourishing
condition, the weather so far oein ; all that is desired, and we now sho-;ld b t
the better of a little sunshine, the general opin on being that we may expect
a full crop next season. The rainfall this Monsoon in Bombay up to date is
more thau has been for very many years viz., -iO inches.
—
We
have from Messrs. Wallace & Co. a comparative statement of the exports of India cotton to Europe during the six
months ending June 30-h, for thiee years.
EXPORTS FROM INDIA FOR 81 \ MONTHS.
also
Great
Frojc
Britain,
BcMBAY— Bales
Of 392 lbs
of 39J lbs
213,934
3:3,521
1,07,755
.551,305
395,S66
747,161
Ll«6..
478,5 3
332,543
811.12S
8T8..
8,278
500
8,773
1877..
6,465
23
12,E.88
18:6..
2,M4
-j
1
C-iRWAR-Bales
Sept. 1...
"
2...
"
3....
";'4....
"
6....
" 6....
" 7....
" 8....
" 9....
" 10....
"
"
11....
12....
" 13....
Total
8.
5,708
4,031
4,799
4,224
7,116
4,108
8.
13,115
7,341
6,258
7,982
8,6'27
73,329
Percentage of total
port receipts
408
8.
1,246
616
1876.
1,918
1,691
S.
754
4,630
2,996
3,414
1,701
1,655
3,111
3,982
1,008
8.
3,085
1,398
3,108
1,064
16,643
01-67
4,708
8.
8,923
4,788
7,732
47,913
0119
1875.
1,004
1,380
1,734
1,407
S.
3,764
3,228
3,116
3,621
3,928
3,137
8.
7,119
1874.
of 3:01bs
1,439
1,571
2,101
1,497
2,206
1,563
8.
3,390
1,957
8.
3,234
2,289
1,944
2,510
2,834
2,571
1,841
2,746
3,423
3,214
8.
Rakooon— Bales
Madras- Bales
of 300 lbs
of 300 lbs
COCOKADA
lbs.
& UASCFILATAM-
I
00-80
24,353
00-09
This'statement shows that the receipts since Sept.
S5,759
00-68
1
up
to
Total all India— Bales.
Bales of
3^0 lbs.
1,115
6,410
1,115
1877.
50,979
16,863
50
16,918
flS78..
3,463
10,265
1.3,728
{ 1877..
17,326
2,691
20,017
[id-; 8..
1,382
1,382
[1878..
8,848
8,843
-{
I
33,498
1878..
1877
.
L1S7G..
TnTicoBiH -Bales of 300
6,713
[1678.
-;
of 800 lbs
6,4;o
876..
L
1
CALCUTrA— Bales
2,e3t
•(:877,.
1873.
1,265
1,075
1,615
1,682
2,145
6,!
6,713
ri878..
1877.
Tola'.
1677..
f
KuRBAcnEE— Bales
Continent
fiws..
-j
follows:
1878.
36, write as fol
lows:
I
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 years have been as
4-84
84,50S
1.191
1,191
Z?,K5
1,517
3!, 454
15,734
ri878..
9,492
6,543
-!1877..
6,115
8,000
8,115
1 1876..
18,169
13,5S6
31,695
1878..
698
698
1S77.,
4,845
4,815
1876..
2,650
3,934
6,604
fl873..
285.823
317,641
663,359
.{4877..
41 ,2m
410,194
tl876..
530,121
35^,000
8)8,420
9na,iai
BSTTRMBER
THE CHRONICLE.
14, 1878. J
The toial cotton exports from each of these ports for the years
1870 and 1877 will be found in our book—" COTTON FHOm Sbkd
AOKICIT-TOBAL UtrnKAU REPORT FOR SEPTEMBER.— Tho report of till" Aprioulturnl Iluronu on the condition of tho cotton
crop Septciiilior 1, hns boon lundo public. Tho following aro comparative figares:
awnnttwa.
STATla.
1878.
1878
isrr.
1870.
1875.
1874.
1813.
1871.
1870.
North Carolina
86
83
96
10
87
95
101
83
105
South CuoUna
Cor.-is
60
65
91
80
8<
95
80
105
30
76
7?
86
90
96
78
105
Klorula
91
94
83
75
77
85
93
75
115
93
91
83
87
81
85
83
80
100
Mi-i^iMlppI
69
88
87
98
74
83
90
90
lOO
LoQlsiaoa
83
93
9J
88
6)
80
86
77
108
104
70
67
94
65
92
94
80
1(9
81
Arkanaja
Tennessee
Averace
98
99
B7
99
47
93
78
95
110
91
100
119
96
63
9J
93
96
100
88-3
88
91-3
91-2
82-3
lt'5
8T9
90
The above was
923
received too late for analysis this week, but
Ua}' be remarked that the Assistant Commissioner, by
Teport
is
whom
the
Detailed Cotton Exchange Acreage Reports for Sept.
1'.
We give below, in full, the Cotton Exchange Acreage Reports
—
1.
Norfolk Department.
The Norfolk Cotton Exchange (H. 8. Reynolds, Chairman, W. D. Ronntree
41id R. P. Bairy, CommUiee on Information and Statistics) iseues the followlnn
report, covering the Stateof Virr/inia and the foUowini; Counties in Nortfi
Carolina: 1?iithcrford, Lincoln, fcatawba, Rowan, Diividson, Iredell, Burke,
WIlkcB. Caldwell, Alexander, Davie, Forsythe, Yadkin, Stokes. Surrey,
Sockineham, Caswell, Person, Granville, Warren, Fianklin, Nash, Wake,
Byde. Pitt, Green, Cartaret, Craven, Beaufort, Tyrrel, Washinfrton, Martin,
Bertie, Chowan, Pasquotank, Camden, Currilack, Gates, Hertford, Northamp-
ton and Halifax.
replies
from 23 counties.
The weather since August Ist has ben very wet indeed. Eight replies
Teport the wtathcr not bo favorable as last year ; ten about the same, and
seventeen better than last yrar. Cotton is cenerally reported as fruiting well,
hot some complaint is made on account of heavy rains keeping it fr.'m retainTwenty-seven replies report ihe crop about as good
tos; its squares and bolls.
aalast year, if not bet. er; eight not so good. Picking has not commenced
yetand Hill not be gereral until about September 35th > October Ist. No
damage of aiiy kind has bven done by worms, bet a good deal of damage is
reported from rust and shedding, particularly the latter, on account of so many
i
iieavy lains.
Charleston Department
covers the State qf Smith Carolina, and is prepared and issned by the
Oharlestou Cotton Exchange, through their Committee on Information and
Statistics, composed of Robert D. Mure, Chairman, L. J. Walker and A. W.
—
Sontta Carolina. Condensed from 80 replies from 30 counties.
The weather forthe first half of the month was excessively hot and dry, the
latter hall very wet indeed; on the whole, the weather fur the month vas
less favorable than luSt year. 'I ho crop is reported generally as having fruited
well, but, owing to excessive drought in July acd heavy rains past month, the
plant has thedded very bad'y, estimates varying from slightly lo ;i3 per cent,
averaging about lo per cent. Included in said estima es is also the dam ige
rust, which is at pret-ent considerable. Worms are reported onl^ iii one
Scanty and had done no damage so far. Picking had commence 1 in every
county, and will have become genera' by this date in all but a lew counties.
The universal report is that cot on on stndy a- d light lands has sufiered very
much more than on sttfTland, where the dam: gj has been but light.
Aom
Savannah Department.
nj Georgia
and the State of Florida.
The
report
Is prepared and issued by the Savannah Cotton Exchange. throui;h their
Committee on Information aud Statistics, composed of .J. H. Johnston,
Ctavlns Phillips, J. J. Wilder, L. G. YouiigaudK.il Oppiuheimer.
Georgia. 101 replies from 57 counties.
—
The character (.f the weather has been variable; all complain of heat, while
10n:e report too much rain, and some the want of it. The first planting was
well frnitcd, bnt much of it has been shedded off; the late planting is frui'ed
well, and retaining its squares and bo Is. 1 he plant is taller and more
vdvanced this v^'ar than'last, and thebot ton hascansed it to open earlier. In
Southern Geoigia picking c mmencFd about tho'lst of Angus, and became
general about the % th ; in Middle and N< rthern Geo gia picking commenced
about the 15ih August ai d became general about ?ith Septemb'-r. Worms have
appeared only in the southern tier of counties. In som^ places no damage at
auhas been done by them, while in others their ravages have been serious.
Xoat has been very general on light sandy lauds, shedding only in the early
planting. Shedding has been quite serious on the rich clay hnds, affecting
ooth Ihe bottom and middle crops; but on these lands a good top crop ic
reported as comi' g on. which will require, howtver, a late and favorable
•ea<on to bring it lo maturity.
—
Florida. 31 replies from 18 counties.
The weatherlas been un-easonable the past month, not as favorable as last
Season during the same period. The heat has been excessive and there has
be. n too much r»in. The p ant whs well fruit d but has shed ranch of it, and
Is not in as good conoition as it was at this date last year.
Picking comand beome general about the Litli. Worms
have apD<ared very generally on low land-, but damage by them hns been ex
ceptloiiai.
The plan'', six weeks ago, was in un UDusualiy flue condition, and
menced about the
tirs!
Louisiana.— 39 replies from 16 parishes. Average date, Aug. 31.
The weather during the month is reported by a majority of the correspondents to he very nnfavoiable for the crops, although compared with last yi«r it
is about the same.
The plant is reported as fruiting 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, but
with the the exception of four no damage has been reported. All onr correspondents report some rust, with but little damtge done, but the injury from
siiedding, tuperinduced by too much rain, which has been very great.
Mississippi.
August
—23
Mobile Department
covers tho
Alabama as
far north
tho summit of the Sand
Mountains, and the foUowtnq counltts in MitfiMippl: Wayne, Clarke, Jasper,
Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston, Lowndes,
Oktibiba, Colfax, Monroe, Chicasaw, Itawamba, Leo Pontotoc, Prentiss,
Alcorn aud Tlshamingo. Tho report is prepared aad igsued by the UobU«
I
Slate of
replies
from
28 counties.
Average date
30,
The weather for the month of Angnst has, on the whole, been favorable
though not quite as much so as last season. The plant has been fruiting
well, but not retaining its squar,;s as well as could be desired, most of our
correspondents repor'.ing a htavy shedding. Picking has fairly commenced,
and, rhough retarded by sickness in the country, will have become general by
this date.
Boll worms have appeared throughout the State, and are doing
damage. Rust is also complained of, but injury from this cause is only s'lghu
We have some icports of army worms, but so far they have done no harm.
—
Arkansas. 37 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 coantj,
jino in some sections serious damage has occurred. Most of onr correspondents report that picking has coiomenced and will become general about the
!Oth instant.
Owing
to the quarantine regulations
hear from
many
we have been unable
to
of our correspondents.
Galveston Department
covers the Stale of Texas, and was prepared and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
of J. D. Skinner, Chairman, 11. I. Andersoj, J. M. Kirwan, Pat. Fitzwilliam,
Chas. Kelluer.
—
Texas. 93 replies Irom 64 counties, dated August 31.
The weather since August 1 has been favorable and dry in forty-five conntiea
and unfavorable and wet In nineteen conniies. The weather has been favorable in twenty-three counties, more favorible in sixteen counties and leaa
favorah'e in twenty-five counties, as compared w th the same time last year.
Thirlyone (ouuties report cotton fiU'.ling well, retaining Its squares and
bolts,
while thirty-t' ree couuti«8 report col ton not fruiting well, but shedding,
and lower bolls rotting on account of continuous rains. The condition of the
crop is favo''able in foriy-nine counties and unfavorable lu fifteen counties,
and compares with laot ye ir as follows: The ^ame lu nineteen counties,
bettir in tt-irly-one counties and not as good in fourteen counties. Picking
ct.miuenced between the Isi and 1 th of Au ust and is now general, except In
a few northern ce.untiee, where it wi I become genetal about September 15.
Cotton worms are reported iu many of the coast conniies, but only four
report the damage serious. Th bol worms have appeared in twenty counties,
in tlirce per cent of which damage is reported to the extent of tweu'y five lo
fifty, while in tho other counties the da nage is slight.
•
Cotton Crop op the United States for Year endiko
September 1, 1878. Our usual annual Cotton Crop Statement
—
—
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
bales to the Continent ;
(ireat Britain the past weels and
while the receipts at Bombay during this week have been 3,000
The movement since the let of January is as follows.
bales.
These are the figures of W. Nicol & Co., of Bombay, and aia
brought down to Thursday, Sept. 12.
will be
Shipments this week
Shipments
Great
Contlneut. Total. Brltaln.
Brlt'ii.
Gre.it
I
of August,
the expectations of tlie f.irmers werecoisiderably raised. From the middle of
July, however, the t»lant has passed thrsugh varlou^f vicissitudes— excessive
heat, drought, and then too much rain— so that from rust and shedding these
expectations, have been cue off fully 2'> per cent.
The Sea Island section is not in as favorable a condition as it WIS at this
period last year; the plant has more weed, but less fruit on it.
Orleans Department
covers that part of the Statt of Mi»»i»tippi not apnorlloned to the Memphis
and Mobile C3tton Exchanges; the entire Statt Qf Louisiana a'nd the Stat4
of Arkamat, 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. Owyn, Chairman, L. P.
Berje, Jesse S. Flower (Acting Chairman), John M. Witberspoon, Cyrus
Bussey, Jules Mazerat, Otto Ueyn, J. M, Frankenbush, R. L. Moore.
«»ft.
This reportcovcrs the Slate
from 41 eonnttei.
New
it
issued, regards the prospects as very favorable to a large
North Carolina and Virginia.— 35
replies
six counties report the weather at havlos been favorable and UilrlT.|lv«
nnfavoranle, some sajrlng It was too bot anddrr, and olhtra that It was too
«et. Fllto n reiiort that the weather compar** favorably with last year, sad
t«enty-alx less favorable. Thirteen report that the plant la frDillnK well and
retaining squares and boll*; twcnty-elKbt that It la not. and that there Is
much shedding. Thirteen n p«rt the condition favorable and better than lift
year, and twenty-eight not ao good. Picking ha* commroced In all conntMS
but five. In now general in elslitecn conntiea, and will be *u In the otbera from
the tOth to the I5ih of Soi)teinber. Twenty-three connlies roiKirt no worms
;
In the other eighteen counties they have appeared, and have auooan avenge
damage of 13 per cent. Army anil boll-wom» are both reported. Four coonlies report no damage from ruit and ebeddlng, and tblrtjr-aeven an averags
damage of 16 per cent.
MIssiBsippl.— 89 replies from 30 counties.
Eight conntiea report the weathn as bsvlog been dry and bot, twelve ralay
and unfavorable, and, as compared with last rear, generally leaa favorable In
all counties.
The plant Is fruiting well and retalnliig iqiureaand holla In six
counilee; in the other fourteen Itls not fruiting well, and ma h shedding la
reported. Two counties report the condition belter than last year, eight about
tho same, and ten about 30 per cent poorer. Picking has commenced In all
counties bnt one— Winston— aud will be general from the lOlh lo the IBib of
September. Seven counties reoort no wormr, and thirteen report an average
damage from boll-worms and caterpillars of 7'per cent. Foar conntles report
no damage from rust and shedding, and sixteen an average damtge of 13 per
cent. Xhe sandy lands are In better condition than prairie or bottom lands.
Jield, should no great disaster overtake the crop during the
remainder of tlic maturing and picking season.
for Sept.
Cotton Kzchacge, tbrough their Commltlae on laromuUon aod BtaUstics compuned of T. K. Irwin, cbalrmas, Jttliua Battosr, A. M.
WUImartk. J.
C. Bush and S. liana.
Alabama.— 87
TO Loom."
286
1878
1877
nent.
7,000 ;i(W.000 390,000j
7,000
lS76i 1,000
alnpo.Tiui. 1.
<;ontl-
1,000
1,000, 37'. ,000 408.000
l,00»l.'>38,000 399.0001
Rocolpta.
This
Total.
008.000
782,000
897.000
Week.
I
2.000,
Since
Jan. I.
8:">:i.oort
ijom 904,000
909,000
From the foregoing it would appear that, compared with last
the week s shipyear there has been an inereast of 0,000 bales in
ments from Bombay to Europe, and that the total niovement
shipments of 8o,000 bales,
since January 1 shows a thrrMM in
compared with tho corresponding period of 1877.
Gunny Baga, Baooi-NG, Etc.— Bagging has ruled miite active
sales have taken place.
durinir the past week, and considerable
The ivctivity has been confined chiefly to the Ughter weights, aad
:
.
,,
:
.
THE CHRONICLE.
286
the stock
mucU
very
is
;
bales here and 700 bales in Boston.
this week ehow an
the total reaching 3,245
York
increase, as compared with last week,
bales, against 5,709 bales last week. Below we give our usual
York, and their
table showing the exports of cotton from
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1S78, and in the last column the total
for the same period of the previous year:
New
zportsot GottonCbalesXrom New YorK since Seot.li 18T8
WZKK
BNDIKfi
Aug.
Ang.
Sept.
21.
31.
Same
ToUl
BZPOBTXD TO
Liverpool
Other British PortB
Sept.
to
period
prev'ae
date.
year.
Total stock
Of which American
1,616
3.245
4.861
4.504
1,685
77S
3,464
1,616
3,245
4,8£1
6,089
131
93
Other French porta.
Of which American
93
160
Hamharg
Other ports
Total to N. Enrope.
...®
6=8 -.-®
6=8
e"2
6>2 ...®
6=8- .®
6=8.--®
tor
the
Friday.
6i2 ...®
6=8. ..@
6i«.
6=8
Futures.
Low Middling clause, unless
These sales are on the basis of Uplands,
otherwise stated.
SATURDAY.
Delivery,
Delivery.
d.
Shipment,
d.
|
67i8
lOct.-Nov
Nov.-Dee
Nov. -Dec,
6=16
6i4®732
d.
n. crop,
sail
I
63ie
Monday.
61332
61392
Nov.-Dec
6733
Dec-Jan
63^8
6932
61332®% Oct.-Nov
Sept.-Oct
Oct.-Nov
Shipments.
Delivery.
Delivery.
Sept
Oct
Sept
e^ie
Delivery.
Oot.-Nov., u. crop,
sail
6%
Nov.-Dec,
saU
6II32
Nov.-Dec,
63i8
n. crop,
63i6
Sept.-Oct
Nov.-Dec
Sept.-Oct
.
The following are the receipts of cotton at New York, Boston,
Philadelnhiaand Baltimore for the past week, and since Sept. 1, '78:
1
Delivery.
6II32
6832
1,868
6,969
7,036
4^760
Mobile
Sept
29
2,695
452
89
521
621
801
48
3,515
587
tSS
8
64
Total this year
9,056
19,424
Total last year.
4.731
9,164
7
Oct.-Nov., n. crop,
6732
63i8
Dec-Jan
I
sail
Shipme7its.
Delivery.
61332I Oct.-Nov
69.32
Jan.-Feb
63i8
I
I
6732
I
Nov.-Dec, n.crop,
sail
BRE ADSTUFFS.
801
19
109
6'
501
520
504
1,619
1,619
900
420
122
109
7
900
121
134
65
65
—
Shipping Nkws. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
4,792 bales.
are the same exports reported by telegraph, and published in
Thk Chronicle, last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
Total bales
Mbw York—To Liverpool, per steamers Montana, 1,776 City of MonCity of Chester, 716,...EnglaDd, 1(0
Liverpool, per steamers Orator, 327
Liverpool, per steamer Gracla, 814
The
flour
P.
M
,
Sept.
market was dull and depressed early
13, 1878.
in the
week
but latterly the export demand has been more active, causingsome improvement in prices, especially for low grades from
99
treal, 653...
New Orleans— To
63ig
Dec-Jan. ,n.cp.,sl,63i8
|
FamiT,
67
520
63i5
Nov.-Dec.,n.cp.,8l,63i8
!
6%
Sept.-Oct
"54
Florida
8'th Carolina
irtb Carolina
Virginia
North'm Ports
Tennessee, Ac
Foreign..
Nov.-Deo
I
Friday.
Nov.-Dec
986
6%
Shipments.
Delivery.
I
6%
Sept.-Oct
BALTIKOBS.
This Since
week. Sept.l
6%
Sept., n. crop, sail
omitted
Sept
Delivery.
This Since This Since
week. Septl. week. Sept.1.
Since
Delivery.
Shipment,
Thursday.
BBOI'TB FBOK
Sept.
6>8
Sept
6%
Oct.-Nov
PHn.AT>«i.r'iA
n. crop,
sail
6732
61I32
6832
Oct.-Nov
10,230
4,964
3,215
1.709
6632
Dec-Jan.,
Delivery.
I
61332
611.32®%
.6932®^16
Oct
3,613
a,77a
n. crop.,
sail
63i8
63i8
6B32
Wednesday.
Delivery.
Total....
This
week.
Jan.-Feb
63i8®732
Sept.-Oct
Oct.-Nov..
dee..
Shipments.
I>e/it!ery.
6n32®38 Sept.-Oct
61132®% Dec-Jan
6i4®%2 Nov.-Dec...,
Sept
Sept
All others
Baltjmore— To
6^
.®
Mid. Upl'ds
Mid. Orl'ns.
4,060
SO
pBin,Oporto&aibraltai&c
I
46,000
2,000
33,000
6,000
2,000
435,000
363,000
11,000
5,000
6,000
150,000
10,000
Monday. Tuesday. Wedn'sdy Thursd'y
Saturd'y.
Spot.
Oct.-Nov
Nov.-Deo
Texas
Savannah
Sept. 13.
38,000
2,000
28,000
4,000
1,000
519,000
392,000
20,000
6,000
4,000
141,000
10,000
The following table will show the daily closing prices of cotiou
week;
131
Bremen and Hanover.
Orleans.
Sept. 6.
44,000
1,000
34,000
4,000
2,000
538,000
415,000
16,000
7,000
4,000
144,000
13,000
Tuesday.
Total French...
Total Spain,
week
Of which American
Actual export
Sept.-Oct.... 67i8'a)i332
3,464
Havre
Grand
Forwarded
American
Of which exporters took
which
speculators took.
Of
Total import of the
Aug. 30.
58,000
2,000
47,000
4,000
7,000
565,000
441,000
28,000
17,000
2,000
145,000
15,000
bales.
Sales
Sept
11.
4.
2,772
Total to Gt. Britain
week
Amount afloat
New
from
Thk Exports of Cotton
Aug. 23.
Siiles of the
XXV IL
[Vol.
Prices are firmly maintained,
reduced.
con•with holders quoting 2 lb. at 10|c. and should the demand
tinue, higher figures may be looked for. Standard quality is dull,
and but little inquiry is to be noted. Quotations are nominal at
Butts have ruled rather quiet, but the feeling is steady,
lie.
with sales of small parcels being made. Prices ars quoted at
The
2i@2 13-16c., cash and time, according to quality and terms.
Chipman has arrived at Boston with 1,955 bales, which have gone
The stock on hand at the moment is 14,000
into consumption.
Mew
;.
;
1
Chilan, 1,00S.
3,245
1,233
S14
spring wheat.
There
is,
in fact,
much
irregularity.
While com-
mon
extras from spring wheat can scarcely be had under f4 10,
good extras from winter wheat, worth $1 a bbl. more, can be
had
at
$4 50@$4
60.
Rye flour and corn meal were dull. Towas barely steady, a line of extra Stat»
day, however, the market
selling at
$4
07^.
The wheat market was
also quite depressed early in the
under^free receipts and dull foreign advices.
week,
New
No. 3 spring
sold at 95c. for early arrival No. 2 red winter $1 05f @$1 06 on
the spot, and |1 06i for October; No. 1 white, $1 13@$1 13i ;
No. 1 red and amber winter, |1 07i@|l 08 but there was a re-action, and yesterday some speculation on Western account, based
;
;
Total
4,792
The particulars of these shipments, arranged in oar aanal form
tre as follows
^
J
of winter wheat at interior towns No. 3
spring sold at 98@99c. for early arrival No. 2 red winter, $1 07i
@$1 08, spot and September, |1 08J@|1 08f for October, and
$1 09 for November; and No. 3 white, |1 1S@$1 15i on the spot,
and $1 18i for October. To-day, the market was easier at |1 07f
for No. 3 red winter, and $1 15@$1 16 for No. 1 and extra white.
on the smaller receipts
'
;
;
Liverpool.
NewTork
New Orleans
Total.
3,245
l.aiS
Baltimore
Total
3,245
1,233
314
314
4,793
4,792
Below we give all news received to date of disasters to vessels
carrying cotton from ITnited States port?, etc.:
FiBB Queen, str., (Br.), fiom New Orleans for Liverpool, before reported as
towed to New York with shaft brolien, has had a half ehart mode, which
now
being put in place without the vessel having to discharee cargo.
fire was diecovered in the after-hold of the eteamer Hudson, at
on Sept. 3, at 4 P. M. Her hatches were immediately
battened down and steam and water were forced into the compartment
where the flre originated. The cause of the fire and the amount of
damage done are not Isnown. The Hudson eailed for New York Sept. 6.
is
Hudson.
—A
New
Orleans,
Cotton freights the past
Liverpool.-
,
Steam.
—®i^
—@Ji
—@>f
—©li
— ®!4
Friday.... —®3i
Monday..
Tuesday.
Wed'day.
Thursday
,
Sail.
d
d>
Saturday.
week have been
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
Liverpool,
as follows
Bremen. . ,— Hambarg—
Savre.—
Steam. Sail. Steaia.
Sail.
Steam. Sail.
.
—
,
c
c
X
%
Ji
%
X
cp.
cp.
cp.
cp.
CpJi cp.
— ®ji
.
—
—
c
11-16
11-16
11-16
11-16
11-16
11-18
c
comp. }i
como. H
comp. H
comp. >i
comp. V4
comp. >i
c
X
c
comp.
comp.
comp.
comp.
comp.
comp.
—
—
—
—
—
—
—©»<
jj
—&ii
X
—@?i
^
—<S>H
X
— ©K
Ji
P. M.— By Cable from Liver
Sept. 13—4:30
sales of the day were 8,000 bales, of which
1,000 bales were for export and speculation. Of to-day's sales
pool.— Estimated
6,650 bales were American.
follows:
The weekly movement
is
given as
;
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 October at 53@.52ic., with some for November at 53^0. steamer
mixed advanced yesterday to 50c., spot and September. Supplies
are large, but the demaud liberal. To-day, there was no essential
i
;
|
much firmness for lots afloat.
Rye has sold down to 59@59ic. for boat-loadsof No.
change, but
8 Western;!
Today, there were
but 64c. bid yesterday for prime State.
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 17J.
Oats have declined very materially, especially the common and
medium grades. Choice old No. 2 Chicago sold for export at 33e.;
but of the new crop there were large sales at 30ic. for September!
and 31 ic. for October. To-day, the market was easier, No. 2
I
;
|
j
graded closing at 29c. for mixed and 29Je. for white.
:
,
SKPTKMnBB
THE CHRONICLE.
14, 1878.J
followlDir are the closing quoutioni:
The
Flour
^VJ'W- (] 40®
No. J
BaperSne Slate
*
In 8tob»
Qntin.
Wheit-No.3 sprlnK.bofb. t
3 19
No.<laprlnK
No, 1 tprliiK
we«t-
I'm
1
97A
(MA
&
Now York
(9
US
1
...
Hod and Amber WlDtwS.'Mfift 1 08V
"
Kod Winter No- a
I OTi'
Western Sjiring Wheat
White
extra*
Corn— Wost'n mixod..
doXXand XXX
do stoamor grade.
do winter X and XX...
Wostorn while
do Mlnn««oia patent*..
Kyo— Wuslorn
City »hl|ii>ln«exir*«.....
SWto
family
City trade and
500(3 600 Oata— Mixed
brands
White
an
I
fkSouthern b»kor»'
Barley— Canada \Vo«t.. ..
mily t>randrt
extras.
State,
4 rowed
Southern ihlppV'
Waatern feeding
Rye Hour, superllna
Peas—
Canada
boadAfroo
Wc«iern,Ao.
Corn meal—
Corn moal— Br'wlne. Ik.
Kztra SUle, *c......
...
.
The movement
In breadstuSd at this
follows
^BBCnPTS AT NKW YORK
,
1878.
,
.
.
Since
Jan. 1.
for the
week.
—
Same
1878.
18T7.
1,914,594
For the
W'ek.
.
Since
Jan. 1.
59.871
1.6(9,370
S<>.0>iO
3,8'M,8.>1
rioar.bblt.
2,217
191,958
139,098
161,173
2,879
Cmesl, "
Wbeat.bnB.a.613.987 38,171,061 5,994, lUI 8,171,553 83,754.468
Oom. " 1,3«S,31» »\635,Ma «3,«19,565 981,751 2li,3»4,S09
"
Br^
9 13, 163
189.010 8.494,878
• 15.8 10 •i92'i.4« •8,388,140
4i6,0}3 9,588,064 6,811,110
Bariey,
"
OaU,
* Including
M
8.853.8
1.510,l»j
2,959,681
74,604
....
in.OJO
as
NSW roRK.
IXPOBTS ritOM
.
,
time
market has been
For the
week.
,
Since
Jan.
1.
33.632
808.697
4,n93
158.486
867,788 6,704,;81
77S,098 17.310,716
177,787 1,18».951
771,58)
1,128
107,661
bbls.
(190 lbs.)
bush.
Corn,
bush.
Oats,
bush.
Barley,
bush.
Rye,
buab.
(hO lbs.)
(56 lbs,)
(32 lbs,)
(48 lbs,)
(66 lbs.)
27,050
87,484
1.167,384
868,174
789,075
72,139
99,609
9,557
3T,80O
81,3*1
146,700
137,857
33,490
807.138
665,788
31,300
531,342
4,085
30,960
2,122,788
i8,S8)
413,786
9,199
88,958
117,860
161,850
212,385
98,190
1,089
7.0S8
2.151
11, .500
1,200
38,328
41,750
2,880,615
3,361,911
1,675,909
1,881,918
1,238,213
1,139,053
771,995
746,051
401,975
291.607
284,957
883,557
251,739
818,419
118,913
74,185
Sami time
Same time
Same time
7.3.751,081 52,l.i9,6M 7.1,929,168
1677... ..2,777,641 19,4.33,981) 59,658,.599
1876
..3,505,810 38,188,101 56,409,655
1879... ..3,106,083 39,i96,68J 35,870,106
81,885,108
14.436,931
17,15i,675
15,853,862
Tot. Aug.
to Sept.
7.
Same time 1S77...
Same timo 1876...
Same lime mi...
..
AT...
JOlwaukee.".'.'.'..'.
. .
.
Toledo
Detroit
Cleveland
.
.
.
..
Peoria.
...
...
36.775
1,325
6,000
SulatB
Total
...
Previous week
..
Corresp'ng week,* 77.
Corresp'ng week,' 76.
107.i:99
102.268
99.853
96,808
3,690,049
3,546,903
8,169,479
1,315,063
Tot.Dec.31to8ept
.
1
.
..
6,280
2,000
71,620
4,347
757
3,946,120 3.283,487
1,767,158
3,431,208 1,367.003
2,018,796 1,960,575
3,317,-.!89
7,184,367 l,019,-839 1,281,178
3,791,067
598,107
881.231
3,3il,9ilV
462,761
«60.587
463,511
4.591.S93
149,546
551.372 18,138,66') 13,485,016
543,799 9.14.>,4'i5 lt,9Jl,00»
6«l,418 5,743, *.3 U,0.j5,3O7
473.164 8.915,401 7,551,581
8HIPMESTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND
RIVER PORTS FROM DEC. 31 TO SEPT. 7.
TotDecSl to Sept.7. 3,951.051
8,988,911
Same time 1377
2,757,196
Same time 1876
3,38.9,788
Same time 1875
38,4.39,612 59,558,514 14,38-3,335 1,769,527 2,440,211
17,926.165 51.153,696 10,ii36,0ft3 2,;341,560 1,589,.539
30.256,293 5-8,-885,488 14,5£6,476 l.,i82,851 1,180,617
34,301,938 30,881, 149 10,893,017 1,088,349
447,563
BAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
AND RIVER
Week
ending—
Sept. 7,
Sept. 8,
Sept. 9.
Sept. 11,
1878
1977
1876
1875
PORTS.
Flour,
Wheat,
bbls.
bush.
Corn,
bush.
bush.
bush.
bush.
95,264
91.601
76.969
67,117
499,776
247.413
453,041
891,792
307,483
382.011
866,084
525,918
884.737
383,261
410,212
597,567
81.090
68,511
53.531
63,309
40,388
6,773
21.610
19,918
Oats,
Barley,
Rye,
bScEIPTS op FLOUR AND GRAIN AT SEABOARD POUTS FOR THE
WEEK ENDED SEPT. 7, 1878, AND FROM DEC. 31 TO SEPT. 7.
Flour,
bbls.
At—
New York
Wheat,
Com,
bash.
bush.
Philadelphia
17,9:10
51*.,900
Baltimore
New Orleans
23,151
13.539
1,098,800
87,750
1,034,490
188,830
6,500
97,300
275.900
816,600
53,726
217.995
813.497
18j,330
4,083,88J
4.000,603
1,394,707
1.867,446
2,124,355
2,637,361
7.9,891.062
4.6j7,5i9
6,2a6,005
6,131,800
68,487,763
13,085,571
89,413.853
31,050,098
73,717,478
60,577,987
61,398,218
36,610,133
89.904
54,2d8
2,700
16,410
Boston
Portland
Montreal
Total
Pieriousweek
Corresp'ng week,'77.
Tot.Dec 31 to Sept.
Bametimu
Same time
Same time
1877
1876
1875
1,764,360
194,450
466,082
Oats,
busb.
447,635
155,050
1,878
27.313
67,930
23.000
27.718
750.514
987,580
502,596
Barley,
bush.
Rye,
bush.
129,263
8,703
845
366
4,200
2,400
Dululh
136,703
130,290
180,069
19.601,814 2,433,515 3,117,901
12,163,519 2,178,850 1,809,889
16,567,673 2,791.419
484,641
379,652
11,782,819
195,021
EXPORTS PROM UNITED STATES SEABOARD PORTS AND FROM
MONTREAL FOR WEEK ENDED SEPT. 7, 1878.
Flour,
Wheat,
bbls.
68,796
5,868
bush,
Corn,
bush.
2,050,848
68,869
795,458
143,773
11,008
389,003
461.778
17,123
1,055,073
93,680
8,933,(85
Frox—
New York
Boston
Portland
Montreal
Oate,
Rye,
Peas,
bash.
bush.
bush,
83,465
40
518
111.943
381.685
29;609
20,183
110,881
sdo
1,948,660
111,361
60
8,044
5.980
Philadelphia
Chicago direvt
Baltimore
Total for week..
650
....
20.641
and 80,000 bush wheat.
Tub VtsiBLE Supply of Grain, comprising the stocks in
granary at the principal points of accamulation at lake and
seaboard ports, and in transit by lake, canal and rail. Sept, 7,
was
as follows
:
67»,I89
1,151,106
.
871,889
81,581
«5».7«9
790,717
160,000
498,044
.
.
Oswouo*
,
Louis
Bolton
St.
Philadelphia
Penrla
Indtdnapolis.
Kansas City
Baltimore
UtII shipments, week..
U'lke sblpmeats, week.
On canal
ToUl
,
.
11,500
4S7,9««
1,778 64«
ia,905
••,800
900.508
tn.*'.»
141,118
•VOW
VM>
18.174
454.008
Ml. 148
m*Mn
ttifiii
7,818
l;^ooo
400
1U,M0
197.883
331,598
1.975
114,671
114,478
)79,e94
49»,77«
>,629.652
2,SS7,0U0
U7,9U
24, 1878
1878
1878
1878
July 87. 1878
July 80, 1878
Sept. 8,1877
17,
10,
3,
isrcoi
14.194
79,000
18i.7«7
48,457
l8.i8B
T,»l
1t,8«
17^
88,81»
*^ ••r
87.000
.
.
BS.STT
H.I97
n.8t9
U.i:7
114,088
74,»<5
iis^oi?
117,998
81, 997
i,an
..
148,881
807,488
1.111,619
1,807,000
884.787
429, 8*4
808,C0O
u',iao
..18,801,249 11.861,411
.10,997.101 11,8I6,87'4
.
9,749,498 11,039,671
. 7,r40,7««
9,8»J,4S9
. 6,587,058
8,301,838
.
6,098,091
6,990,60!
.
5,686,271
6.618.204
.
4,408,789
6.6'.9,4I9
.
5,148,958 10,516,488
Ane. 31,1878
Aug.
Aug.
Au«.
Aug.
.
Ry.,
8W,nt
•,5ia
Montreal
"•"jr.
liW7,e<8
»,70J
Toronto
OaU,
bufh
l,lia,4BA
989,150
473,718
.
...
....
...
9,900
8,918,898 1.55S314
8,597,831 1.871,147
8,018,079 l,»»fiM
1,444,904 1,106,708
1,811,354 1 .070.597
1,357.805 1,017.991
1.419.091 1,070.114
1,9I0.4»7 1.041.468
1,632,315
533,784
10,647
188
S88
8IS
89,854
18,484
8,0tt
4oim
119,538
128,000
977,086
•90,441
584.811
40r,41ft
886,950
»?l,07»
301,880
598,608
* Estimated.
THE DIY a030S TiADE.
Fbidat,
p. M.. Sept. 13, 1878.
There was a continued active movement in staple and department goods from jobbers' hands during the past week, and the
volume of business in this connection was large and satisfactory.
There was only a moderate inquiry for staple cotton and
woolen goods at first hands, but some duplicate orders were
placed by interior jobbers for dress goods, flannels, &c.,aDd there
was a brisk movement in prints, several stocks of which were
closed out to one of the leading jobbing houses 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 wholesale and retail buyers,
who are making their purchases without hesitancy. Reports
from all parts of the West and Northwest are highly encouraging, 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 Qoods. The exports of cotton goods from
this port to foreign markets daring the week ending September
10 footed up 1,322 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-ascortments of brown,
bleached and colored cottons, while considerable quantities of
—
brown sheetings, cotton flannels, denims, ducks, grain bags, &0.
were delivered by agents' on account of former orders. Print
cloths were fairly active at a further slight advance, and the market closed firm atSfc, casb,bid,to 3 13-18c., asked, for 64x64s, and
3|c.,
30 days, to
3|c., cash, for
demand and the snpply
56x60s.
Prints were in steady
of dark fancies
is unusually light la
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
agents' hands.
—
by means of numerous small sales and deliveries oa
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
suitings.
was somewhat less animation in cloaking*, while repellents,
Kentucky jeans and satinets ruled quiet. Flannels were in
steady demand for moderate lots, and some duplicate orders were
placed by early buyers, but blankets remained sluggish. In
worsted and woolen dress goods there was a satisfactory movement, and shawls and skirts, though quiet with agents, were
more freely disoosed of by jobl)ers.
Foreign Dry Goods. Business was Irregolar with importera,
but the jobbing trade in foreign goods was fairly active in all
Black and colored silks continued in iteadr
departments.
demand and firm, and staple and fancy dress goods changed
Linen goods and handkerchiefs
hands in liberal amounts.
remained quiet in first hands, but Hamburg embroideries were
Men's-wear woolens were jobbed in fair quanin fair request,
Dress and cloak trimmings
tities, but ruled quiet in first hands.
continued in good request. The offerings at auction were not ot
special importance, and the only feature of Interest waa the continuance of a brisk demand for black and colored lilk veWets^
which found ready buyers at acceptable pricef.
efi'ected
back orders.
—
116,876
130,275
Previous week
27,849
88,010 3,566,808 1.3S0.SS8
1,075
Same time in 1877... 59,508 1,130,745 1,477,689
4,838
176,857
The exports from New Orleans for the week were 60O bills, flour, 80,000
bnth. wheat. 36,020 bush. com.
From Richmond, estimated 3,CtO bbls. floor
1878,
„.
.
.
Detroit.
was
9,000
6,400
30.865
W.BOn
.
,
Toledo.
WtCEIPrS AT LAKE AND RIVER POUTS FOR THE WEEK ENDING
8EIT. 7, I87!j, FROM DECEMBER 31 TO SEIT. 7,
'
AND FROM AUOUBT 1 TO SKPl'. 7.
Wheat,
~.
,
Ooro,
bosk,
hash.
l,1M,8d«
.
Milwaukee
malt
Flour,
WIimC
at—
^'i^ffr
HulTalo
Cblcaffn
,
1677
,
287
-
—
«
.
THE CHRONICLE'
288
importations of Drr OooAn.
for tl^e week enditiir
Tfce importations of dry goods at this port
corresponding weeks of 1877 and 1S70,
fiapt. 12, 1878, and for the
btkve been as follows
anuBD FOB ooseoMpnoR fob thb wbbk BHDuia sbpt. 12, 1878,
:
-187fi
Pkes.
Value.
Pkea
Valne.
|152,3!9
938
!8J,571
1,171
1,0?3
269,-'2i
),24i
438,767
156,680
107,091
650
789
263
439,714
180,191
135,418
1.019
$376,867
ai:,74i
557.082
228,039
387
153,011
8,417 $1,586,111
8,839
$1,476,975
$I01,0JJ
1,005
'JDuiuf actnres of wool
717
cotton..
do
fUk
do
do
B70
8 9
3S6
.•••
flax..
..
JDaoellaneons dry goods.
Total
1878
1877
,
.
PkB". Value.
814
[Vol.
XXVIL
Exports >r Leading Articles tyom New York.
following table, compiled Irom Custom House returni",
The
articles from the portof New York
to all the principal foreign countries since Jan. 1, 1878 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 other articles besides those mentioned in tho table.
shows the exports of leading
—O
5Tl,3ltO-*tOX^
T I- o 10 3
(_ i)
g
^ oo .n
- oi
i
«
,7
jg-
-
a
4,453 $1,626,773
ISTO THB MABKBT DOBras TBB
-WItBDBAWK FBOM WABBHOOBK AND THUOWN
PEBIOD.
BAMB
$388,161
75,903
1,061
$415,436
1:6a
289
aOO
43)
350
182,622
96,913
33,137
213
7i7
469
63,341
171.812
114,713
48,185
392
169
$594,566
99,503
9i.4"4
75,419
3S,901
2,019
$776,789
Add ent'd for consumpt'n 3,417
1,286,141
2,779
3,839
$833,' 67
1,476,975
1,817
4,453
1,625,773
6.618
$2,SlO,8l2
Hinafactures of wool ...
cotton..
do
Bilk. ..
CO
flax.. ..
do
908
Miecellaneous dry goods.
Total
725
404
127
591,593
dOO V
•
-Totll thrown nponmark't 6,476 12,084,933
V-"
M ?•
<c«oa*
6,570 $8,218,086
I-
e= «i
BXTBBIS FOB WABBHOUeiHa DUBOIS BAMB FBBIOU.
$239,303
E.58
8.%"21
136,355
145
102.7.H2
163
10
1601,018
716
$2i3,214
1,286,111
5.916
3.839
1,176,975
4,4^3
l,6i6,77S
port. '4T193 $1,587,057
9,755
$2,060,991
$136,316
"rai
3,417
$300,916
aClKeUaneODB dry goods.
Total
...
Addent'd for conaampfn
Total entered at the
$13<,618
40,014
29,916
39,91 5
635
254
119
868
4,'10
830
115
53
S61
22
JUaafacturesof woo!....
cotton..
do
Bilk....
do
flax
do
3),;63
68,318
65,976
9,il3
40
39,905
China, Glass and
Barthenware—
China
:
w oi
00
.00
Earthenware..
Qlaes
Glassware
Glass plate
.
159,759
18 2=7
3,618
6,288
Buttons
Coal, tons
Oocoa
bags....
Cofl'ee,
bags
101,36!
lli,45)
1,080,31
.Ootton, bales
-OrcgB, &c—
Bark, Peruviac.
Blea. powders..
.Cochineal
.
Cream
«u>
O »0 t~ OS TQ
I*
•
8 812
.Qnm, Arabic...
Indigo
Uadder&Ext.of
Oil, Olive
Opium
Soda ash
Flax
12.821
2,438
4,622
3,33i
23,177
43,163
3,680
3,910
Hemp, bales.....
Hides, dressed
fndla rubber
Ivory
Jewelry, AcJewelry
Watches.. ....
CiuBeed
-MolaBBes
30,795
717,408
7,982,865
93,911
33,937
710,005
7,661,567
138,357
461.915
1,476,628
569,063
37,6i6
460.449
2,119,935
6i6,232
40,(51
675
•TOlO^t-T')
68,518
95,873
21,155
Wines
Pish
38,.-.74
Fruits,
1,1^5
633
.
'?**
,
Raisins
Hides, undressed
Rice
Spices,
$
832,067
.
211.
Ac-
Cassia
".,965
373
212 968
68,599
3!8
193,405
120,885
41,571
283.124
135,930
Ginger
Pepper
305.941
31,332
471,888
47,421
Fustic
Logwood-.
S5".845
82,15i
Manogany ....
iM
The
January
have been as follows:
receipts of domestic produce since
same period
of 1877,
—'
•
;
3--
-^
«
OS—
,
-^ »^
:S
—on
-o
,
_ fO
— CO -f
o
tt-lO TT
»o 31
.
'.1
»"
in
,
ao
(C GO
.
^_j
^ e
c-ty>'tj
'-'
o
Ǥ'
m-m
:
68,555
:"i
§1
COM
M
O
p.»a
11)2,400
:§
•00
377 ..579
332,092
3'4,156
23.659
453,830
39,491
1878,
and
•3cOiO-~'
^
3>
:
.
•
If.
•*<
^^°S2
:
»-•
'JQ
»"
10 00 <M •
S
:
:i
of 10
•
.
:^'
NO
:3
S!
^
O5 00
•"•
O-"!
-00
C" OS
:
'^'.n
ii
5<
•
:^:i?
-co
•
SR
a>
i^
CO
(?*
I-
ss
5S"
OM
•V)
1,
Si- r- » -o 5* " QO
? sn <—
Receipts or Domestic Produce.
for the
f-
'S*
WoodsCork
O-tO
4'i.i04
786,694
l.Sii.liSO 1,193.591
686,717
585,911
405,123
695,204
7,590,906 8,153,29.1
Saltpetre
1,688
•
S S
574,763
230,054
1,140.025
.
>
tS
;S
$
Ac-
Oranges
Nuts.
58,705
91,417
27,671
1,033.462
44.630
535,904
291,609
Lemons
m
o
*
Wool.bai'as
Articles reported by
Fancy goods..
Ac-
Bristles
7ij3.206
331
15.5'
3,3t4
30,o;o
999
r92,7.-J4
Wines, *c—
Champagnejbkt".
43,0;)7
1,245
4,175
41,360
3,151
2,754
547
89 411
4,i
value—
122,520
4,6(18
fianny cloth
Hair
Tea
Tobacco
Waste
89,834 Cigars
799 Corks
3,7S4
4,256
4,65h
2,076
103,503
ffnrs
Hides,
&
10,330
19,577
2,630
629
1P,9"6
45.653
46,865
2,2of
Soda, bi-carb..
8oda, sal
8,902
&
25,841
16,637
2,191
S
— ai^T*
'^
—
M o;
—
Qardwaie
Lead, pigs....
26,777
Spelter, TbB...
216,476
22,499
Steel
5,658
Tin, boxes....
4,649
Tin slabs, lbs.
86,618 Paper Stock
18,129 Sugar, bhds, tcs.
1,231,805
bbls
3,618 Sugar, bxB
bags
Tartar..
.Qambler
,
MS
.»** ft*
(ac9
,-^
Cutlery
25,
I" J. •
Same
Since
9.2!iJ
^ O*
'f
-in
t~,
Jan.1,'78 time 1877
Metals, &c.
9,39s
J. TO CO
—
58
;
<
O^
<z>
5,169 $1,889,987
given in packages wben not otierwise specified.]
Same
Since
Jan. l,'7e time 1877
y-l
18,737
The following table, compiled from Custom House returns,
•hows the foreign imports of leading articles at this port since
January 1, 1378 and for the same period in 1877:
is
O CT3»0 O
r
f-t
Imports of IjeadlnK Article*.
[The quantity
O O lO-^
(D
=oS2§
.-cXicn r>«3
.
WJ
.r-4
.5?=»
tJO
Ol t-
joso
-r*
O
OaC
sa
'^'4'^
»-i
Since
Same
Since
Same
Jan. 1,'78 time 1877
Jan. 1,'78 time 1877
111
:gSS S3
.co^rfj
:
.ifitoO
;i2
*
AsbeB
pkgs.
1,021
Breadstuffflbbls. 2.825,622 1,914,
Floor
bush. 18,ni,0hl 5.959,
Wheat
"
"
"
Corn
OfttB
•,
Bye
Barley&malt"
Grass seed.. .bags
1311.71)2
Beans
Peas
bush.
Com meal., bbls.
60.551
460,991
Id9,t93
bales.
517,810
"
No.
8.305
185,900
bales.
bales.
89,990
51,719
2,921,691
'<;atton
bbls.
Hemp
Hides
Hides
BopB
.
26,580,595 53,519,
9,62i,06i 6.8il,
8.494,-78
913.
2,9iB,49
2, .83.
^Leather
sides.
Molasses
hbds.
Molasses
bbls.
Steval Stores-
Crude turp..bbl8.
IS
113,676
pkgs.
Oil, lard
bbls.
bags.
51,118
pkgs.
8 15,088
Pork
Beef
Lard
Lard
Rice
5,
Starch
Stcarine
143,
95.
Boiln
"
55,
888,96.)
380,
"
14,,i.55
17.
366,860
178,3iO
37.375
537,235
3 ',086
21,091
303,9t)0
15,3.50
368,688
13 ,5a7
27,317
2t5.893
29,912
21,570
2-2,683
13,746
900
713
"
"
''
hhds.
I
2,073
56,218
664,'Jll
"
"
"
60J!;8ngar
bbls.
bales.
15,561
57,386
140,15;
H3,6!i9
135,937
61,999
Dressed hog8,.Ko.
19,80'-
iTaflow
"
65 1,625
1,556,703
e;15,sl2
kegs.
pkgs.
Tobacco
Tobacco
Wbiskey
Wool
.pkg
^„s
"
hhds.
*?•
so -3
©*(?»»-.
oo«o
B)«
S
tl
'-O
to'
00
207,7 ;i
14,065
75,753
2,155,053
bbls.
68,
2,951)
"
**
..
Sn^'ar
33,
1,633
305,774
12,637
Pfovisioas
Butter
Eggs..
190,
163,
339,
bbls.
Peanuts
Cheese
Cotmeats
81,
53,
Splrlteturp
tv
Pitch
Oil cake
to r- <o '^
S
oi
12.616
49,509
145,867
81,213
107,317
70,919
59,467
;SS2;5»'3?w
^5
to -a
''
-
'r-,'-o-
*
l-
,o3 « * « «
J3-^5^
o
TJ*
=3
3>
— r;»nJo
,
^ ?E ^ «» Jr t: Ml* w cs '2 w so oj 10
:- -\o
00 T> ^ oi
I- ^
o 11
Oi T
.....=*•.
ti
:
c- S
TP n: O —.^
— .^
.^^==i
.--
*J
<
-
1
^ CO
;
.^
.......
:*je
.
"
::;:;: :5S
.Si*
CO?©
V
:
teiTXHnRK
:
THE CHRONICLE.
14, 1878.J
Inauranco.
8tOHniiilil|»t.
Cotton.
THK OIIBAT
W.
Line
Providence
OFUCX OF THE
AT L ANTIC
eollcltconilcnnisnU of
LiVBUPOOL,
VIA PKOVIDKNC'E DIRKCT.
AFULLNIOIlT'SliEST.
Tho Fnvorite
I
SLY « MILES OF KAIL.
Piilaoe
Stonmcre:
HAV AIXKS.
C«pt.
P
n
»«.
.
Opt. JKiSK .MOTT.
(eiccpt BanUayi). from riirNo.ja
Klver (font ut W«rrcn strret.)
F«»«'nKi''-» iiTlvi' In Uoston «t 7 A.M. No Intermeditto laniliiies bi'tween New Vork and I'rovlJence.
.
I'ally
},„r0|
K p
r.
w
FOU ALL POINTS BASF.
-Mf
Her No. 33
«». KriMii
,^^^. „r„et.)
North River (fo«t of
8IaIor.iom« and tkkut« FOK EITHKK I.lNK iccured
llroadwuy jiiM «t allotllcesof WuntcottV Express
»t;<«<
Company. AU<i
tickets sold al all hotel tlckuI'Omcos.
Frelglit, pit cither line, ta<. en at reduced rates.
D. S. BABCOCK, President.
h. W. FILKINS, General Fastenger Aiteut.
O N 1. V
Direct Line to France.
Mutual
Insurance
Co.
Niw
affairs on the SIst December, 1877
Premiums received on Marine Risks
aSorded by our frieads, Maaara. D.
Stooestraot,
BBTWKKJt
O^Unir at Plymonth for ttic landlnir of Paaaenf^ers.
fte splendid vessels on this favorite route, for ttio
•DtlneDt—«aolns provided with
electric bells~-wlll
II from Pier No. 42 North lUver, foot of Morton
B follows TruiieUo
St..
Wed., Sept. 18, S:.* A M.
WeJ., Sept. 25. 4 P.M.
Wed., Oct. 2, 10 A.M.
•PEliEIIiK. U.nre
PKIfL (IK P.\oSAGE IN GOLD (Including wine);
To Havre— First cabin, f lOO; second cabin, $ 5; tnlrt
$35
steerage,
$:f6—
Including
wine, bedding and
atbiD,
;
mensils.
To Plvmouth, London or any railway station In
bgland— First cabin, f90 to |100, accor;llng to accomModatlon second cabin, $'.5; third cabin, |35, steer
age, $27, InrUullnK evcrytliiiig as above.
^Beturn tickets at very reduced rates, available
TKANUE.
CAN.XDA, KraiKUel
;
Skrough England and France. Steamers marked thus
(*)^do not arry stecr,ige passengers.
For passage and freight apply to
I
iBt January, 1877, to 31st December, 1877
H710,6«8 88
Premiums on Policies not marked off
l8t January, 1877
2,040,362 61
Total
amount of Marine Premiums.
upon
JFire
Bo. M. North River.
For Kingston (Jam.) and Haytl.
September 19
ItTSA
Wot Haytl, Colombia, Isthmus of Panama and South
PftcKIc Ports (via A.nlnwal.).
AIL8A
September
14
I
ANDES
September 28
Soperlor Orst'ClasK j»i8eeui<ei accuiiimonHii, n.
PIM, FOBWOOD & CO.. Agents,
No. 56 Wall treet.
off
from
The Company has
the following Assets, viz.:
New York
Bank and other stocks. $10,565,936 00
Loans, secured by Stocks and otherUnited States and State of
Stock, City,
wise
Real Estate and claims due the Company, estimated at
Premium Notes and Bills Reoeivable.
FINANCIAL. ACENT8,
P.
O Box
Advances made on Consignments,
Bpcclal personal attention to the pnrchaae and asl*POK i UTUIUS KKLIVfcBT ••
ATTGVSTA, GEORGIA.
1,764,393 63
the outstanding
be paid to the holders
on and
after
The outstanding
Henry Hentz & Co., Commission Merchants, New
York; William B. Dana& Co., Proprietors Comhks
oiAL ANi> Financial Chbonicl£, and other Kew
York Bouses.
will be in gold.
Dividend of Forty per Cent,
May
ia
de.
next.
order of the Board,
H. CHAPiHAN,
Charles Dennis,
W. H.
Lewis Cortis,
James Low,
Gordon W. Burnbam,!
William Sturgls,
William E. Dodge,
Thomas F. Youngs,
John D. Bewlett,
C. A.
nand,
William U. Webb,
Francis Skiddy,
Charles P. Burdett,
Alexander V. Blake^
Adolph Lemoyne,
Robert B. Mintum,
George W. Lane,
Jamcs'G. DeForest,
Charles D. Leverich,
Charles H. Marshall,
Robert L. Stuart,
Frederick Chauncey,
Borace Gray,
John
Edmund W.
BLAKEMAN, TAYLOR & CO.
SOLB AOEXTS rOR THK U.
.
138 and 140 Grand St.,
S.
New York.
Co.,
JEMISON),
AND
Advances made on Consignments
Furore ConCotton bought and sold on Commissfoo. la
Yorii and Liverpool.
tracts for
New
Macaulay
William Bryce,
^ ,
Peter V. King,
Borace E. Thorber.
Elliott,
William H. Fogg,
Tkomas B. Coddington,
t. D.
JONES,
President.
CBARLES DENNIS,
W. B. B. MOORE,
A. A.
RAVEN,
&
Co.,
coininissioN kierciiants,
23
WILLIA.M STREET,
NEW YORK.
Future Contracts for Cotton bought and sold on
Commission
In
New York and
Liverpool.
C. Johnson
J.
&
Co.,
COTTON BUYERS FOR MANUFACTDRKB»
niBnPHI.o, TEVN.
Mlscellaucous.
Wire Rope
AND
STEEL
IKON of
CHABCOAI.
Vice-President.
2d Vice-President,
3d Vice-Pnsldent.
-
superior qualltx
suitable for MINING ASI>'
HOISTING PURPOSES. !«.-
dined Planes, TranamlasioB
of Power, &c.
Also U«t
van*jecd Ctiarcoal and BBfor
-Chips' tiljcKini;, Suspension
Bridges, Derrick Ouy»,Ferjy
Ropes, Ac. A large stoos
constantly on hand frona
which atiy desired lenirUi
are cot. FLAT STKEI, ani>
IRON RUPKS for Mlnlnc
purposes manufactured to
order.
JOBN W. IHASON
tc
CO..
43 Broadtvajr, Neir York*
OROANIZEO APRILI2T?
1842
OF^
Corllet,
fflfbStJS"
AND
inns, by mail, on receipt orTwenty-flve Cents.
IVISON,
ft
GENERAL COMMISSION MERCHANTS^
No. 123 Pearl Street, New York,
Secretary.
J.
Josiah O. Low,
Royal Phe!ps,
"FALCON"
SIOODY
BANKERS, COTTON FACTORS
TRUSTEES:
World.
D. Jones,
H. Moore,
Charles B. Russell,
David Lane,
Daniel S. Miller,
"U"
&
Jemison
S.
(Successors to
certificates of the issue of 1874
be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday, the 6th of February next, from which date ail
interest thereon will cease. The certificates to be
produced at the time of payment and cance'.ed
Upon certificates which were issued for gold premiums, the payment of interest and redemption
will
STEEL PENS.
VE
on
CORRESPONDKKCE SOLICITED.
References :—National Bank of Augusta, Oeorgla;
JOSEPH GILLOTT'S
:
Felix Alexander,
Tuesday, -the 5th of February next.
3.
•f tnperlor English make famons for durability and
•MMIclty; great vnrktv ofBtylis euiied to every kind
••writing. For sale by dealers generally.
assorted samples for trial, In_tJWtI''TY-Kl
OT
Entire attention given to purchase of COTTO
OKUEU for 8PINKEK8 and EXPORTERS.
E.
$1 4,366,35r66
Six per cent. Interest on
By
STEEL PENS
132 Pearl Street,
Ne)v York,
3,909.
3f?.„i;."NTltACTS
(;OTTON,
617,436 01
255,36102
Total amount of Assets
7th of
-
H. Farley,
1,163,2C0 00
CashinBank
A
StU hy all dealers Ihrtmglumt tht
J.
COTTON FACTORS,
COMMISSION MEUCHANT8,
let Janti-
dared on the net earned premiums of the Company
for the year ending Slst December, 1817, foi which
certificates will be issued on and after Tuesday, the
Steel Pens.
Co.,11
ervm *-
COTTON BROKER,
ary, 1877, to 3:st December, 1877.... $4,902,381 08
Losses paid during the
same period
$2,565,890 87
Rettims of Premiums and
Kspenscs... $947,933 86
thereof, or their legal representatives,
F iBl^lass, f uU-powei ed. Iron screw steamers, froic
WATTB *
rork, and Meaan. O. A.
W. &
H.
Wm.
disconnected
certificates of profits will
Ftei
dsUmKat.
'-frrimllf
with Marine Risks.
Asent, 55 Broadnray.
BI-MONTHLr 8EKVICK TO JAMAICA. HATTl
Colombia and ASl'lNWALL. and to PANAMA and
•OlITM PAi IFIC POUTS (via Asplnwall.)
$6,751,088 44
No Policies liave been issued upon Life
LOUIS DBBEBIAN,
Atlas Mail Line.
Mew
all
Ain>
from
Frimiums marked
NBW YORK AND HAVRE.
ToiiK, Jannary 2S, 1878.
The Trustees, In conformity to the Charter of the
Company, submit the following Statement of its
HIske, Bor
Mail Steamships,
or4*n(«a#
SJN.M Baronae Btreat, New Orlmaa.
Company
Clencral Trans-Atlantic
The
anil
4dTane«s mads on eoDsitamaats, and
TUB OLD RBLIABLB
8TO:VI!VGTO\ LINE,
COTTOR
purchase or sale of fntars shlpmasta or
MASS A (11 IS KITS, KHODE ISLAND,
ft
V
Co.^
Brown's Bnlldlacat
SI
TO BOSTON,
&
C. Watts
F.S.WINSTON.PRESIDENT .nl
"Es EVtRY APP'^OVEDOtSCRIPTlOr*
bsi,
'
LIFE AND ENDOWMENT POLICIES
AMY
OIIT£RHS AS FAYO/tASUAS THOSE OF
OTHCRCO,
'lASHSSSETSMESaO.OOO.OOd
,
THE CHRONICLE
VI
Woodward &
Stillman,
&
No*. 74
WaU
76
KEW
UILDINO,
I
Pirn, Forwood&
GENERAL COMMISSION MERCHANTS,
LOANS MADE ON ACCKPTABI.K
LEECH, HARRISON & FORIYOOB,
LIVERPOOL.
Special attention paid to the execution of orders for
tbe purchase or sale of contracts for future delivery
England, China, India and Singapore.
UNDERWRITERS IN NEW ORLEANS
Co.,
QKNKRAL
COmmiSiilON mERGHANTS.
176 Pearl
Sc
St
New
,
ITork.
Advances made on Consignments to
JA^KS FINLAV &
nesars.
FEM.AY, rai71R & CO..
CALCUTTA AND BOMBAY.
FUTCKK CONTRACTS FOR COTTON boueht ann
m New York and Liverpool.
&
Bennet
Foulke,
Lehman, Durr & Co.
Montgomery, Ala.
Co.,
LEHMAN BRO'S,
Cotton AND Factors
COMMISSION MERCHANTS,
CO.,
niessrn.
of Liverpool.
Orleans, La.
New
York.
lai
8pp
f
",
C
l*<>arl
&
Ware, Murphy
^ew York.
...
1,79.^,B99 SO
206,131 38
1,179 013 38
$B, 180,873 16
ASSETS.
SUMMARY OF
Cash In Banks
Bonds and MortRages, being first Hen on
real estate (worth $4,315,000)
Unltfd States stocks (market value)
Bank Stocks (market value)
State and Municipal Bonds (markci value)
Loans on Stocks payable on demand
(market value of Securities, »324,537 iO)
Interestdueon 1st of July, lj78
Balance In hands of Agents
1246,115 J5
2,024,553 00
3,(60.1*25
00
190.242 90
Real estate
199,2(J6
00
213.665
62,203
144,023
12,238
47
61
74
53
Premiums due and uncollected on Policies
Issued at this office
7,950 01
Total
16,180,873 16
CHAS.
H.
J.
J.
MARTIN,
WASHRVRN,
North
President.
Secretary.
British
Co.,
and Mercantile Insurance
Company
ANU
or
GENERAL COMMISSION MERCHANT?
LONDON AND EDINBURGH.
COTTON EXCHANGE BUILDING,
United States Board of Management,
aitertlon (fiveu to the execntlon of orders
"lie
nnrphase o' sale of (lontrarts for Futuie
NEW YORK.
.livery.
&
Dennis Perkins
Co.,
117 Pearl
delivery of cotton.
Nenr Torlc.
Street,
&
R. M. Waters
Special attention paid to
for the purchase or sale
COTTON BROKERS,
Co.,
E. O. Richards,
No.
39
RICHARDS)
I
and Commission inerchant
BROAD STREET, NEW YORK.
COTTON BROKERS,
«o. 146 Pearl Street, near IVall, N. Y.
EsUbllshed On Tontine Building)
&
1S41.
In
NEW
97 Pearl Street,
New York.
S3 KXOHANGE PLACE,
Sawyer, Wallace
&
Co.,
COTTON FACTORS ft COMMISSION MBRCHANTS
47 Broad Street, New York.
BLA6DEN,
54 William
St.,
New
York.
&
London &' Globe
Ins2irance Company,
45 William
E.
St
PVESFORD,
YORK.
Manchester and Liverpool,
OFJEKSF.
Y
Geo. Copeland,
COTTON BROKER,
1
1,
PEARL STREET. NEW YORK
ou a nee
«
Total ASBetf, January
Capital
Re-iusurancefund.
Unpaid
losses, etc
...
18r?
87,115,62) 45
*3,000.000 00
1,741,273 42
4M,11I4 82— 6,170.388 24
1,
JAS. A.
Company
1877.
St.,
$1,945,336 18
New
ALEXANDER,
York.
Agent.
Ca
(OF LONDON),
PELL,
Jiesldi-nl
1,
NET BUR^'LUS, Jan.
No. a Cortlandt
LJnion Ins.
ALFRED
UlRTFORD.
'
LyOmfuercial
CO.
Jk
iETNA
Vature orders promptly executed.
P.
Residekt Managbb.
TainterT"
YORK.
Esq.
Hotrsxa IK
,
NEW
ASTOR,
J.
NEW
Insnrance.
07 PEARL STREET,
Morgan &Co.)
Liverpool
COMMISSION MERCHANTS,
136
BROOKS)
Co.)
MAN.\GERS
Knoop, Hanemann & Co
WE W ORLEANS LA.
ft
J.
Office
COTTON BUYER AND COMMISSION MERCHANT
NOtTRSE
&
Co.)
COMMISSION AND COTTON MERCHANTS,
I*
(Ruccessers to
Esq. (Drexel,
CHAS. E. WHITE, SAM.
Edward H.Skinker& Co.
COTTON BROKERS,
BEAVER STREET, NEW YORK.
OENERAL COTTON MERCHANTS,
Dows &
S. B.
JOHN
Liberal
personal attention paid to the execution of orders for
the purchase or sale of contracts for future delivery."
WALTER & KROHN,
&
Esq. (David
YORK,
AND
Futures executed at N. Y. Cotton Bxchanee
Waldron
PABHRI,
Chairman,
(B. D. Morgan
CHITTENDEN.
EZHA WHITE, Esq.
Hon.
Street, Boston.
advances made on consignmenU. Prompt
Co.,
L. F. Berje,
DAVID DOWS,
44 Broad
COTTON BDTKK8 & COMMISSION MERCHANT B
60 Stone Street, New York.
Orders
& Co~
T T ON
125 PEARL STREET,
James F. Wenman & Co.
H. Tileston
made on cou
E. P.
C O
64 BROAD STREET, NEW YORK.
(Successor to A. L.
Liberal advances
R. Smith
B.
SOLON HUMPHREYS,
contracts for futnrt
of
COmmiSSION MERCHANTS,
AITD
BANKERS,
fChlpplDK
NEW YORK:
he execution of orden
slgnments.
COTTON COMMISSION MERCHANTS
g3
..
NetSurplue
Cotton Factors
MERCHANTS,
Street,
Reserve for Re-lnsnrance
Reserve for Unpaid Losses..
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents In Liverpool, Messrs. B. Newgass & Co.
and Messrs L. Rosenheim ft Sons.
OENBRAL
OOItiraiSSION
Condition of tbe Company on the first
day of July, 1878.
CASH CAPITAL
$3,000,000 GO
A Dividend of FIVE Per Cent ba«
been declared, payable on demand.
EXCHANGE PLACE,
40
Merchandise through
or-iers for
«old on t;ommts8ion
New
AND GLASGOW.
LrVKKPOOL, LONDON
Also execute
Lkqmu{, Abbahau &
BROADWAY.
135
Fiflieth Semi-Annnal Statement,
SHOWING THE
Foreign Marine Insurance
Company
&
OF NEW^ YORK,
OFFICE, No.
TOTAL ASSETS
for the
&
British
of cotton.
'
Insurance Company
New York.
Orleans, La.
Also, execute orders for Merchandise In
made on Conslgnmenta.
Henry Hentz
BOX 4964,
O.
P.
Execute orders for Future Contracts In New York
and Liverpool, and make advances on Cotton and
other produce consigned to
SECUBITlf.
174
BOX 613,
P. O.
New
TOBK.
HOME
Co.,
Street,
ttENEBAL COMMISSION MERCHANTS
Liberal advances
Insurance.
Cotton.
Cotton.
SEAMEN'S BAUK
[Vol. XXVII.
Afanagtr,
&
39 Wall Street!
D. W. Lamkin & Co.,,
Sr
Cotton Factors,
VICKSRVRC, MISS.
Orders to Purchase Cotton In our market sol.lclt«d.|
Refer to Messrs. THOMAS J. SLAUGHTER, Kew'
York.
@FedFRASER