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HUNT'S
MAGAZINE,
MERCHANTS’
§*w0j>ape*,
^
INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act ot Congress, in the year 1880, by Wm. B. Dana & Co., in the office oi the Librarian of Congress, Washington, D. C.l
REPRESENTING THE
NO. 795.
SATURDAY, SEPTEMBER 18, 1880.
VOL. 31.
EARNINGS FIRST WEEK OF
SEPTEMBER.
CONTENTS.
1880.
THE
Railroad Rates and
Almost a Wreck
CHRONICLE.
Latest Monetary and
cial English News
Earnings. 291
292
Commercial and Miscellaneous
Turkey and the Question of
295
297
News
Reform
293
Would the Inter-Oceanic Canal
$
Commer¬
294
Pay ?
THE
Money Market, U. S. Securities, Railway Stocks, Foreign
Exchange, New York City
Bonds 301
I New York Local Securities .... 302
j Investments, and State, City
I Quotations of Stocks and
.
Banks,etc
THE
Clev. Col. Cin. & Indianapolis..
Denver & Rio Grande
GAZETTE.
BANKERS’
29S I
and Corporation Finances...
303
COMMERCIAL TIMES.
Cotton
307 1 Dry Goods
314
307 I Imports, Receipts and Exports 314
Breadstufts
312
Commercial Epitome
|
(lyhtomtle.
The Commercial
and
Financial Chronicle is issued every Satur¬
day morningy with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as
mail matter.]
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DANA, ?
FLOYD, JR. J
WILLIAM B.
JOHN G.
Dubuque & Sioux City
Flint & Pero Marquette
Grand Truuk of Canada *
Great Western of Canada t
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For a complete set of the Commercial and Financial Chroni¬
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1871, inquire at the office.
.
RAILROAD RATES AND EARNINGS.
.
Memphis & Charleston
Memphis Paducah & Northern.
Missouri Kansas & Te^as
St. Louis Alton& T.H. (main iinej
Do
do
(branches)
St. Louis Iron Mt. & Southern..
St. Louis & San Francisco
St. Paul
Sioux City
Scioto Valley
~
Toledo Peoria & Warsaw
Wabash St. Louis & Pacific
Total..
Net increase (26 per cent)
*
IN ADVANCE:
$10 20.
subscription in London (including postage)
Sixmos.
Rapids & Northern.
Chicago & Alton
Chicago & Eastern Illinois
Chicago Milwaukee & St. Paul..
Chicago St. Paul Minn.& Omaha
Cincinnati
Springfield.
Burl. Cedar
Week
ending Sept. 11
35,284
173,549
35,884
275,000
32,506
15,539
96,570
80,516
22,630
31,885
217,067
101,439
43,964
41,619
183.C00
23,254
3,819
78,714
27,628
12,150
166,300
1879.
$
34,985
133,962
21,295
226,615
25,666
17,176
85,760
25,012
18,480
21,147
192,727
82,465
41,161
32,811
105,638
7,266
2,414
78,774
25,054
11,402
Increase. Decrease.
$
$
299
39,587
14,589
48,385
6,840
■
24,340
18,974
2,803
8,808
77,962
15,988
1,405
748
23,627
47,545
25,015
27,697
202,823
14,451
2,276
2,785
2,740
42,302
2,073,234 1,642,246
432,685
27,291
9,468
30,437
245,125
6,683
60
2,574
142.673
61,996
1,637
10,810
55,504
4,150
10,738
1,697
430,988
t Week ending Sept. 3.
thus, it will be seen, a gain of about 26 per
the very favorable figures of last year. This
There is
cent
on
gratifying that the movement of grain
thus far this season has been light, the low prices* current
and the backwardness of some of the crop tending to
retard shipments.
Last year exactly the opposite con¬
ditions prevailed, with the effect of swelling early receipts.
Excepting the two Canada roads, the above table does not
include any of the Eastern trunk lines, but unofficial
statements of increase, published in the newspapers, are of
the same tenor as the returns here given.
The different
sections of the country seem to share alike in the continued
improvement. The roads reporting are mostly situated in
the West and Northwest, but there are enough from the
exhibit is the
more
South and Southwest to indicate that these sections
well up with the rest of the country.
It should be remembered that with each
week
keep
succeeding
comparing with more and more favorable
June and July, 1879, made a very
encouraging showing. This was especially so in the case
of the Northwestern roads.
August of the same year
was not quite so satisfactory, taking the roads as a whole,
since, though there were large gains in some sections, these
were cut down by losses in others.
The trunk lines, how¬
ever, had heavy earnings in that month, as they did a
large business and received full rates on it, there being no
longer any war, all differences having been previously
adjusted. But it was not till September that a very
decided and general improvement was shown. There were
but few roads that did not report an increase in that month.
Yet even September' was only the beginning, since the
we
are
returns for last year.
Reports of railroad earnings for the first week of Sep¬
tember, on such roads as make weekly returns, are now
pretty nearly all in, and it is gratifying to be able to note
a continuation of the handsome gains recorded all
along.
This is quite contrary to the general expectation, since
it has been so long predicted that earnings were to fall
off; and, furthermore, last September was a very satis¬
factory month. As railroad earnings are attracting much
attention at present, we have brought together in one
-table all the figures for the first week of September that
have yet come to hand, and give them below.
exhibits for subsequent months of the year, particularly
.
THE
292
those for October and
December,
were
CHRONICLE.
simply marvelous.
[Vol. XXXI.
prices might be able to bring on a railroad war.
lator could afford to pay a good many thousand
be inside such a ring.
This is the unfortunate
A specu¬
dollars to
feature of
Although therefore the railroads do no better in coming
months than they did for the corresponding months
such combinations.
Of course there is a natural tendency
of 1879, they will be doing extremely well.
But the actual results during the winter must largely for contracting parties to any forced arrangement to break
depend upon rates, it being generally admitted that the away from it; but in prosperous times the welfare of the
volume of passenger and freight traffic will probably be in roads will counteract this tendency until some such selfish
excess of last year.
So far this year rates have been more purpose as we have indicated is to be served, and then
satisfactory than for a long time before. And for the chaos reigns. But are there not strong reasons for believ¬
present at least there is every probability that they will ing that a break which has such an origin could not be of
continue satisfactory.
We have a strong argument in long continuance ?
support of this theory in the action of the committees of
the trunk lines at their meetings this and last week.
ALMOST A WRECK.
It will
be remembered that the most important matter that came up
At a time when railroads all over the land are rapidly
at those meetings were the only too well authenticated and
positively improving in income and credit, an excep¬
reports of a “cut ” in rates by some of the Eastern trunk tion becomes peculiarly conspicuous. In fact the condi¬
lines on east-bound business.
Which road took the tions are now so
universally favorable for this description
initiative in making contracts at less than the regular of
property, that most people would pronounce an excep¬
tariff, is not certain. It was either the Grand Trunk, the tion impossible without grossly bad management. And
Erie or the New York Central.
The traffic affected
yet a little road, showing for several years an increasingly
embraced chiefly shipments of grain and live-stock to New
prosperous balance sheet, and running between two of the
England, but the trouble threatened to involve all business most important cities of Texas—that wonderfully progres¬
unless speedily settled. It was under these circumstances sive State—is
suddenly found to be on the very verge of
that the matter was brought to the attention of the trunk
bankruptcy. It will serve a good purpose to briefly look
line executives.
After mutual recriminations
as
to who
at the facts
of this
case.
responsible for the existing condition of things, the
In December, 1871, the Galveston Houston & Hender¬
difficulty was arranged by re-establishing the old tariff on son Railroad was sold under foreclosure and reorganized.
all classes of business.
The managers being brought face
Previous to that date its mortgage debt was $5,750,000 ;
to face with an utter collapse of their mutual arrangements
on the reorganization the
debt was fixed at $1,500,000
at a time when business was large and profitable, took
and $1,000,000 capital stock was issued.
In 1876 and
counsel of their judgment and resolved to continue to
1877 large improvements were made in the road bed, and
work together in harmony.
the guage was changed from 5 feet 6 inches to 4 feet 8-JThe same influences that operated to compose the present
In September, 1877, considerable injury was done,
inches.
differences will operate to compose any differences that may
more especially to the long pile bridge over the Galveston
arise while the present activity lasts, and this is a very hope¬
Bay, but it was speedily repaired. Early in this year the
ful feature in the situation. There always will be a tempta¬
road was reported to be in excellent condition.
We have
tion now and then to accept less than the regular rate.
prepared the following interesting statement to show the
A road having among its customers a large shipper whose
earnings and net income since the reorganization.
contract has just expired and whose business it is anxious
NET INCOME OT THE GALVESTON HOUSTON A HENDERSON RAILROAD.
to retain, will naturally be tempted to make a concession
Annual
Income Av. charge
Tranp'n
Net
from tariff quotations, being fearful lest the business be
Tot grots
interest
after
pay¬ per ton of
exp., taxes
Tear.
was
•
-
diverted to other channels.
All carriers have such
tomers, and occasionally one of
tion and makes a special rate.
them yields to the tempta¬
The other roads soon hear
it, make like concessions, and then the difficulty begins
It is a fact that almost all disputes about
rates owe their origin to contracts of this kind.
When
.such irregularities occur in times of poor business a rail¬
road war follows, the roads being indifferent about main¬
taining rates, each expecting, in fact, to increase its pro¬
of
in real earnest.
trails.
cus^
1878....
$
751,054
733,110
655,422
554,673
582,413
452,975
495,440
1879....
536,817
1872....
1873....
1874....
1875....
1876....
1877....
The
4 insur'd
traffic.
440,198
384,183
402,198
304,103
290,385
$
366,017
249,160
215,224
170,490
180,214
148,872
205,055
307,286
229.560
$
385,037
483,950
charge.
in't of
int.
$
$
104,510
104,510
104,510
104,510
261,507
144,650
110,714
65,980
75,704
44,362
100,545
125,050
104,510
104,510
104,510
104,510
freight.
Cents.
....
3*65
301
2-63
211
1-87
215
1-96
earnings for the first six months of 1880 show
further decided increase
over
those for 1879.
But
a
even
portion of business by carrying on lower terms. When,
the times are good and the roads have leaving out of view the improvement in 1880, the above
pretty nearly all they can do, there is no such in¬ net balance of $125,050 last year, after paying all charges
ducement to carry at
lower rates, and if dif¬ against the company, including interest, is a sufficient
ferences arise they are soon adjusted.
The man¬ assurance of the present prosperous condition of the prop¬
agers are shrewd business men and they are not erty and, if honestly and wisely managed, of a most suc¬
disposed to let slip an opportunity to make money for cessful future. Looking at it in an impartial way, and
themselves and their stockholders.. It is because we are through a comparison with other securities, we should say
in the midst of a period of great activity and constantly that a fair inference from such facts is that the 7 per
increasing traffic, that we have faith in the maintenance of cent bonds ought to be above suspicion and worth at
least 110? and that the stock could not long remain
paying rates.
And yet there is one weak link in the chain that holds below par.
But just here we are told there is a floating debt stand¬
these companies together. If every railroad manager were
above suspicion of ever manipulating
the market for ing against this company so large and unmanageable that
his own private gain, we should, for the reason stated, notwithstanding this showing the president and directors
consider the present floating rumors unworthy of a moment’s have actually had to lie down under it. In the face of
consideration. We do not, even as it is, believe there such an admission by men of ability and character, one
is any truth in them, but the only possible force they have naturally enough imagines a discouraging. struggle under
arises out of the fear that some one interested in breaking an immense burden through weary years, and a feeling
however,
THE CHRONICLE.
18, 1880.]
SEPTEMBER
293
akin to
pity for these prostrated office-bearers spontan¬ but there must be some mode of relief from the results of
eously arises in every philanthropic breast. Yet we are a .policy so short-sighted and ' disastrous. How agents
sorry to say this is merely a momentary sensation, for how (that is directors) can delegate their powers to other
quickly sympathy changes to surprise when, on investiga¬ agents, so as to involve their principals’ (the stockholders)
tion of the company’s official reports, it is found that the property, we do not know.
Still, if a majority of the'
total of these floating obligations was only about $100,000 stockholders should attend that
meeting, it might be held
on the
31st of last December and had been gradually a confirmation of the act.
We should think the best way
decreasing for a series of years. It would seem that all would be to stay away or send an injunction.
these poor, tired officers had to do was to go to bed and
stay there a year and the debt would pay itself ! Here is
TURKEY AND THE QUESTION OF REFORM.
the statement as the company has given it out each of the
The situation as between Turkey and the so-called Great,
last three years.
Powers of Europe does not seem to improve
greatly as
time
advances.
In
the settlement of the boundary lines
1878.
1877.
1879.
as
between Albania and Montenegro on the one hand,
Bills payable
$47,544
$13,000
$104,943
Other liabilities
156,060
131,670
90,929 and Albania and Greece on the
other, little if any pro¬
Total
$261,003
$179,214
$103,929 gress has been made since the
Supplementary Conference
confirmed and reasserted the provisions of the Treaty of
According to this, if the decrease in 1880 were no more
■
Berlin.
than in
1879, the total floating debt outstanding next
December would reach the immense sum of $30,000 ! !
It is
longer doubtful that the Sultan and his more
are
opposed to the further cession of'
Under such circumstances what course do the officers of
this company pursue ? Remember here is a road which, territory, and that while ostensibly an effort is being made
to
constrain
the Albanians into submission, secret,
according to official reports, has a clear net income in 1879,
encouragement is given them to persist in their present
over and above expenses and interest
charges, of $125,000, attitude
of resistance.
On no other supposition is it possi¬
with a floating debt of $104,000, which floating debt had
ble to explain the conduct of Riza Pasha, who was sent, at
decreased in 1879 $75,000.
The annual meeting was held
the head of an armed force, to see to the peaceful transfer
January 27, 1880. Almost immediately thereafter a
of Dulcigno to Montenegro, but who has allowed himself
proposition is made to raise $250,000 on a second mortgage,
to become a tool in the hands of the Albanian chiefs..
and a meeting of stockholders is called to authorize it.
At
The mission of Riza Pasha has degenerated into a farce.
that meeting it is made known that the rate of interest on
these new mortgage bonds is to be 10 per cent, and subse¬ Equally ludicrous is the proposed naval demonstration..
Twice over within the last two years have the representa¬
quently it was said the bonds were actually offered at 90 with
tives of
takers.
We
know
no
immediate advisers
the Powers met in Conference
on
the affairs of
little about that matter,
although we have been notified by one large bondholder Turkey; twice over have they tendered their advice in a
united capacity, but to no purpose; and now it is seriously
that he was ready to cash half of them at par, and so
informed one of the officers.
That is of little moment, proposed to frighten Turks and Albanians into obedience
however; the important fact is that the management by & joint naval demonstration, the commanders of which
have positive instructions neither to land troops nor to do
destroyed its own credit by offering such a security. Any
anything else which would have the aspect of hostile intents
banker in this city on the showing of the
we
no
very
have
company
made, if satisfied with the management, would have
quickly placed a 7 per cent bond, sufficient in amount to
take up the floating debt, at par on a fair commission. To
offer any greater interest than that in these times, was
virtually saying to the public the security is not good for
anything and shutting it out from a legitimate market.
The rest of the story is quickly told.
Of course, under
these circumstances, no second mortgage was issued.
On
the first of July the company defaulted on its first mort¬
gage bonds.
On the 21st of August the president and
directors virtually abdicated ;* that is, they acknowledged
themselves incompetent and turned the property over to
Mr. N. A. Cowdrey, trustee of the mortgage
(we under¬
stand that the other trustee has refused to
surprising
It would
There is much
they have
:
himself, with interest at the Galveston
rale, whatever it should be. As Galveston has no wellestablished money market, and as 12 per cent is, we |
^
believe, the contract rate allowed by law, and 2 per cent
or
more
a
month what planters frequently have to
pay in other Southern States, the upshot of it is
that this apparently prosperous little road, unless the
security-holders bestir themselves, is wrecked. A meeting
of stockholders is to be held at Galveston on the first
day
'
a company
*We give the contract in full on
a
in this situation
subsequent page in
our
are,
Railroad
to fear that
the disease which is
seem
to favor the conclusion that
hope of effecting any permanent cure, or
doing anything to prevent an early and com¬
plete collapse of the tottering and moribund fabric. Theimpression has become general, and it cannot be said to beill-founded, that the Turkish Empire is doomed; and itwould seem to have become a question in the
high placesof power whether a brief temporary salvation would be
worth the cost and labor, without which it could not be
procured. It is not improbable that Dulcigno may be
transferred to Montenegro, but the transaction is certain
to leave heart-burnings behind it; and it is difficult to see
how, in this same region, future trouble is to be avoided.
Supposing the Montenegrin difficulty were ended, there is
the similar difficulty with the Greeks; and then there is the
expectant attitude of the Bulgarians and Servians, both of
whom, secretly encouraged by Russia, are eager to make
capital out of the misfortunes of the falling empire.
Sooner or later, in spite of all the
fostering care and pro¬
tection which can be given her by her
neighbors, the Otto¬
man
Empire must disappear from the western side of the
Bosphorus; and the peculiar conduct of the Great Powers
is perhaps best explained by
saying that they fear to do
anything which might have the effect of precipitating &
indeed
kind of way,
and to reimburse
affecting
reason
their decisions would
act), in
directing him, in a bold, free, limitless
to make any advances he thought necessary
laws of Texas
were
gnawing at the vitals of the Ottoman Empire is incurablep
and the hesitancy which the Powers evince in
carrying out,
manner,
October to confirm the abdication act of the directors
and the transfer of the trust.
We do not know what the
if the Sick Man and his doctors
equally at their wits’ end.
a most
of
seem as
no
of
catastrophe, the far-reaching
consequences
of which they
|Vot. XXXI.
THE CHRONICLE.
291
blame than the
less
to
not
prevent further
system
with which they are
dimly conjecture. The sudden collapse of the
It will be well for them if they can with a
environed.
Turkish Empire would tempt the cupidity of the neigh¬
boring Powers; and in the struggle for the spoils there good grace comply with the wishes of the Powers; but the
settlement of the Greek and Montenegrin difficulties will
might be not only disastrous wars but a serious disturb¬
but
can
ance
of the balance of power.
in the Turkish
Empire it would not be difficult to find sufficient cause;
but it is not so easy to single out any person or class of
persons on whom to lay the blame.
It is not difficult to
say that the Sultan is stubborn, or blind or undecided, or
badly advised. But this explains nothing. The Sultan,
in fact, cannot do other than he - is doing.
It is felt by
himself -and by all around him that the Empire of Moslemism is at stake, and that every concession made to the
Christians, whether in the shape of land or privilege, is but
hastening the end. Concession is no part of a Moham¬
medan’s creed.
It was by the sword and triumphant
trust in the prophet that the mighty empire was built.
Better to perish, sword in hand, if there is no hope of
salvation, than to go back upon his religion. - The Sultan
For the state of
things which now exists
demands,
which point to
Moslem rule in Europe.
events
WOULD
nor
hinder the march of
the early and final extinction of
THE INTER-OCEANIC
CANAL PAY*
important practical question obviously involves
not more the extent and character of the traffic the
canal might secure than the cost of construction and
The latter is an engineering subject, not
maintenance.
very accurately defined yet, upon which we have nothing
to say; the former is the subject, of a very exhaustive
report just issued by the Bureau of Statistics.
The mode of investigation followed by Mr. Nimmo is
the practical one of examining what portion of com¬
This
merce
could
profitably use the canal.
Excluding first
could not be attracted by it, on the single
consideration of distance, the compiler reaches a total of
all trade which
Mussulman church, as he is of the Mus*His ecclesiastical authority, in truth, is 2,81 S vessels, of 2,038,386 tons, which are employed
sulman State.
now on voyages that would be shorter by way of the
much more extended than his civil authority; for he is the
is the head of the
recognized head of all orthodox Mussulmans, beyond as well
as within the limits of the empire.
Nor is he permitted
because of his high position, to forget the duties which
devolve upon him as the representative of the prophet.
It
is only a few days since, according to a trustworthy dis¬
patch from Constantinople, the Imaum of the Mosque, in
presence of the Sultan, denounced him as an unworthy
successor of the Caliphs, and upbraided him for lending his
ear to those who would make Christians and Mussulmans
by any other practicable route. But distance
only governing consideration, and so the com¬
piler deducts from the above (1) traffic between the
Atlantic States and Australasia; (2) that between our
canal than
is not the
and Chili; (3) that between Europe and
Horn, all of these three being likely to
continue to round that cape; (4) a large part of the
trade between our Atlantic ports and China and Japan,
under competition from the Suez route and the Pacific
railroads.
With these, and some other, deductions
equal.
made from what trade might have passed through the
It is thus manifest that the Sultan has to consider
proposed canal, the following statement of what prob¬
not only the wishes of the outside Powers, not only his
ably would have passed through it is reached.
own feelings in matters of public policy, but the feelings
Tons.
No.
and wishes of a fanatical priesthood.
In making conces¬
between Atlantic ports of the United States
sions, in granting reforms of any kind, he must act within Vessels
79
53,685
and Australia
the spirit of the Koran, as that spirit is understood and Vessels between Atlantic ports of United States
21
17,120
and Chili
Atlantic ports
Chili via Cape
-
the words of
the prophet.
There is but one favored and privileged
people—those who hold the truth as exhibited in the
set
forth by
the acknowledged interpreters of
;
...
>*■
Vessels between Europe and Chili
Vessels between Atlantic ports of United States
and China and Japan
AJ1 vessels trading in fertilizers (except from
Pacific coast) with the Western coast of South
372
568,193
52
04,404
810'
810,000
second America
1,313,602
1,337
place. “ Christians may be protected and cherished as
The value of the trade which might have passed
children are by their parents, but they must be held in
subjection and not treated as equals.”
Such are the through the canal is stated as 240 millions, based upon
words of the Imaum, as addressed to the Sultan.
Among the sole consideration of distance; the deductions made,
a people
imbued with such sentiments, reform of any as before, from this aggregate of possibilities, leave 1G0I
genuine sort is impossible. The corner-stone of the great millions as the probability of traffic for the canal. The
edifice is the Koran.
When the Mussulman church ceases proportion of commerce of the principal nations which
to dominate the consciences of the people, when the Koran might have passed through the canal is thus stated.
no
longer embodies the faith of the nation, reform will
Commerce which Percentage
of the
Total Foreign
might have
have become practicable, but net till then; and, as that
Possible
taken the Canal
Commerce.
Canal
lloutc.
must be regarded as a remote contingency, reform must
Commerce.
come at the expense of
the empire. Outside pressure United States
7*30
$31,495,000
$1,157,415,000
2’76
82,603,000
must continue, and as the Porte cannot yield it must United Kingdom .3....
2,989,270,000
1-53
27.220,000
1,755,715,000
France
retire.
In times gone by it was convenient for the authori¬
Passing to the consideration of the influence of the
ties at Constantinople to pacify the Powers by making
promises which they never intended to fulfill. That trans-continental railroads, Mr. Nimmo remarks that
device, however, has now lost its power ; the situa¬ habits of trade and management of railroads are con¬
tion is pressing, and the near future must determine stantly becoming more and more assimilated to each
the fate of
the Turkish Empire.
There can be no other; that in many cases rapid movement of valuable
more empty promises; and the Sultan and' his
advisers commodities serves commerce better than their move¬
have but to choose between standing still and courting ment at lower rates but slower speed; that the trunk
ruin, and quietly and deliberately setting their house in lines of railroad have become more important highways
order and making the best of the inevitable.
However of traffic than even the naturally provided ones; that the
they may decide to act, it becomes us in the spirit of distance from San Francisco to New York is 13,610
generosity to say that for the evils amid yrhich they find miles via Cape Horn, 5,260 via Panama, and 2,824 by
themselves and from which they cannot escape they arc rail, the time being respectively 125, 26, and 20 to 25
Koran.
All others must be
contented with
a
September 18,
1880.)
295
THE CHRONICLE.
to be loose, just as estimates of its cost are to be too
days, but that if business warranted through freight
small.
Nevertheless, it is fallacious to measure the pos¬
trains daily, New York and San Francisco could be
sible traffic by sifting out what quantities out of exist¬
brought within 12 to 14 days of each other. Further¬
ing commerce might or would be diverted to the
more, the important point is mentioned that a large
canal route, and, therefore, Mr. Nimmo’s method of
part of shipments east or west from either coast to
the other is destined for points between the two shores, inquiry, although timely, sensible and in many ways
in respect to which, of course, no route through the capable of being useful, is liable to mislead if accepted
as conclusive without qualification.
Perhaps the ques¬
general, the suggestion
tion should be not so much what traffic will the canal
is that the bulky materials, which can pay but little
divert, but what traffic will it create ? -The fact is, that
freight, would continue to go via Cape Horn, while the
commerce develops so rapidly that we cannot measure it
valuable commodities, such as silks and teas, would take
now as we measured it once.
Averages taken from past
the rail.
In the opinion of the leading house here
engaged in the tea trade, “ the transportation of the periods have no force; and if we extend them over
entire crop across the continent is only a question of longer periods in order to broaden their base of observa¬
tion, we take in such sweeping changes in the conditions
time.”
that the results are rendered quite worthless. There are
The estimate of the shipping which would probably
no data to be found anywhere in the experience of other
have used the canal—1,500 vessels, of 1,625,000 tons—is
countries any more than in that of this one. The canal
confirmed, Mr. Nimmo thinks, by comparison with ac¬
scheme should be severely sifted, but it should not be
tual experience of the Suez Canal.
The probable traffic forced to demonstrate
itself under an inadequate meas¬
above stated is 55 per cent of the estimated possible
traffic; the actual traffic of the Suez Canal, in the latest ure; it should not be dwarfed by forgetting the future
expansion of commerce.
year reported, was 3,291,553 tons, or 52 per cent of
what might have used it, on the basis of length of voyage
isthmus does
or can
compete. In
-
ptawetan\i ©omrae vcial gncjlislt T^cxos
alone.
Admiral Ammen, who (as is well known) is the advo¬
cate of the Nicaragua Canal route, has published some
Mr. Nimmo’s report.
interminable calms, delaying
comments on
cause
He argues that, be¬
sailing vessels, occur
Bay of Panama, and because only three sailing
vessels passed through the Suez Canal last year, it does
not follow that sailing vessels would avoid an Ameri¬
in the
BATES OF EXCHANGE AT LONDON AND
AT LATEST DATE3.
EXCHANGE AT LON DON—Sept.
On
—
Amsterdam
.
Amsterdam
Antwerp
Paris
Paris
4.
Time.
Rate.
3 mos.
Short.
3 mos.
Short.
3 mos.
12*4 ^ 012*5
12*2
@12-3
25 ’32ts '3/25 *3712
25*32 *2® 25^37 *2
EXCHANGE ON LONDON.
Latest
Date.
020*74
Time.
Hate.
Short.
12*14
4 Short.
25*36
Sept.
4
Srpt.
Sept.
4
Sept.
4 Short.
25-5212®25,5712
20*70
ON LONDON
it
25*35
20-50
20*50
though no tolls were charged. Hamburg
20*70 '020*74
Sept. 4
Berlin
20*50
2070 020*74
Sept. 4
Frankfort...
The
objection of calms on the Panama route, St. PoforRh’rg
245g 0241*»
117*70
1200 012*02 *2 Sept.
4 3
Vienna
he
says,
does not apply to the Nicaragua ; Madrid
47*2 047*4
3
27*30
47% 047*2
moreover,
the Suez canal does not present a Cadiz
28*20 028*25
Genoa
28-20 028*25
Milan
parallel case, for two most important reasons : the Red Naples
28*20 028*25
52Hi6052*2
Sea and upper Mediterranean are subject to sudden and Lisbon
4 81*s
Sept. 3 Short.
New York...
96
Sept. 2 3
violent gales in winter (with little sea room) and to Alexandria..
Constant’plo
Is. 8&md.
calms in summer, while the alternative' route via Bombay
Is. 8*sd.
Sept. 4 4
Is. 85ied.
Is. 8*8d.
Sept. 4
Calcutta
3s. 9*4d.
Good Hope is favored by wind currents. Again, he Hong Kong..
5s. 3d.
Shanghai.
urges, the Cape, Horn route runs 21 degrees further
I From our own correspondent.]
south than the Good Hope, is much larger in its waste
London, Saturday, September 4, 1880.
of distance, and vastly rougher every way ; and from
The weather during the week has been remarkably fine, and
San Francisco to Liverpool the distance is~ 13,605 miles
harvest work has made rapid progress.
The crops more
via Cape Horn, and only 7,600 via the Nicaragua route.
recently gathered will be stacked in good condition; and, taken
Mr. Nimmo’s calculations are probably indisputable as in the aggregate, the harvest will be very successful. The
far as they go, but the omitted factor is the commer¬ supplies of wheat which have arrived at market up to the
cial development in which a canal must share, and present time have shown indications of having been hastily
which it might further ; this factor was not in his gathered in. The cause of this was that the weather was
unsettled, and apprehensions existed that we were going to
province to consider, for he had only to inquire how far have another wet harvest. The rains which fell, however, in
existing trade might be helped by the new route—and July and August have been productive of great benefit to the
yet it is the largest factor in the case, even though we country. Potatoes and roots will be remarkable crops, and
grant that nobody can define it in numbers. Admiral there will also be a good second crop of hay. There is, it is
Ammen urges that, were there fifty railroads, and were true, disease in the potatoes in some places, but the weight of
the crop is almost unprecedented, and the disease appears to
wheat given to them, they could not afford to carry it
have been arrested by the recent dry weather.
Vegetable food
across the continent ;
that the diminution of traffic is now very cheap, and it is likely to remain so during the
through the isthmus proves nothing, because it is current winter. Bread also is low in price, and consumers should be
belief that there is no real competition between the satisfied even if no further reduction should take place. In a
apparently rival routes ; that many products of the very brief period we shall have entered fairly upon the new
season, and our markets will soon be supplied with home-grown
western coast—for example, timber, wool, wine, and oil—
produce of good quality. Even allowing for the fact that the
could go by water but not by rail ; that many valuable
summer rains were disadvantageous to the wheat crop, and
products must have water carriage or none ; that that the crop—in point of quality and condition—will be below
present signs point to the verification of a prophecy long the expectations formed of it in the spring, farmers will have a
moderate quantity of produce to dispose of, and it will possess a
ago made to him, that our cotton is capable of supply¬
ing the looms of Japan and China, and that, after a quality which will make it a more marketable commodity. The
season is undoubtedly one of full average abundance, and there
canal is completed, more cotton will eventually find a
seem to be indications that the work of preparing the land for
way through it than the entire crop grown in the coun¬ new crops will be conducted under favorable conditions.
The money market has been decidedly firmer during the
try at the time the prediction was made.
Estimates of the traffic of such an enterprise are liable week, owing chiefly, if not entirely, to the demand for gold for
can
canal,
even
...
ft
mos.
mos.
....
....
mos.
mos.
it
....
....
.
CHRONICLE.
THE
296
portation to the United States, which has not, however, as
far as this country is concerned, assumed any considerable pro¬
portions. The directors of the Bank of England have not made
any change in their rates of discount, the published quotation
being still 2^ per cent; but the open market rate has risen
to 2%@2% per cent for three months’ bills. The statement
received from New York to the effect that America will drain
IYol.XXXI.
£34,000, per ‘Moselle,’ from the West Indies, and £11,000 per
Donau, from New York; the price of the former was fixed at
52/£d. per oz. standard, which is our quotation this day.
Transactions have, however, taken place at 52 9-16d.
The
‘Gwalior’took £17,900 to Bombay and £39,100 to Calcutta.
There were no shipments from Venice last week. Mexican
Dollars.—About £50,000 in value arrived per 4 Moselle.’ The
price of those for disposal was fixed at 51 %d. per oz.,but the mar¬
Europe during the next few months of £10,000,000 in gold
but in many quarters the ket has subsequently been somewhat lower, sales having been
■opinion is that the estimate is exaggerated. Attention is drawn made at 51 %d. per oz. The shipments per ‘ Gwalior’ were—
to the fact that, although Europe will have to make moderate £27,000 to Penang, £21,400 to Hong Kong and £1,860 to
purchases of grain in the United States during the new season, Shanghai.”
the price we shall have to pay will be considerably below that
The quotations for bullion are as follows:
which has been incurred during the last twelve months. Wheat
s.
d.
s.
GOLD.
d.
is now cheaper than at this period last year, with the prospect Bar gold, fine
per oz. standard. 77 9*2 a>
Bar gold, containing 20 dwts. silver, per oz. standard. 77 11*2®
of a further decline in value. At this period in 1879 the value
Spanish doubloons
per oz. 73 9 'a)
South American doubloons
per oz. 73 9 ®
was a rising one, and an advance of quite 15s. per quarter took
United States gold coin
per oz. 76 3*2®
peroz. 76 3*4®
place ; but an opposite movement is now in progress, and there German gold coin
is no chance of wheat becoming as dear this season as in 1879-80.
d.
SILVER.
d.
The expenditure of_Europe, therefore, for food during the new Bar silver, fine
peroz. standard. 52*3 ®
Bar silver,contain’g 5 grs. gold
per oz. standard. 527s ®
reason will be considerably less than in the season just con¬
Cakesilver
peroz. 565a 'a)
cluded ; and chiefly for this reason it is believed that it will Mexican dollars
peroz.
514* 'a)
Chilian dollars
per oz
-©
not be necessary to send any large quantity of gold to the
Discount, 3 per cent.
Quicksilver, £7 Os. Od;
United States. Germany and the Continent have been purchas¬
The following are the current rates of discount at the prining largely of wheat of late, and if theye is any doubt as to the cipal foreign centres:
future movements in gold, it arises out of the probable demands
Bank
Bank
has had considerable influence;
.
......
....
....
....
....
....
France and Germany, and the measures which those
•countries may choose to adopt to protect their supply. There
seems
believe that the value of
to be, however, no reason to
will rise to a point which will interfere with legiti¬
mate trade and enterprise.
Money has been in fair demand throughout the week, and the
applications at the Bank of England for accommodation have
money
been
considerable.
The last return
shows
£1,225,225 in the total of‘‘other securities.”
to-day at the following quotations :
firm
Per cent.
Bank rate
2^
■Open-market rates—
30 and GO days’bills
2^
Per cent.
4 mouths’ bank bill3
23Q(t>2*a
6 mouths’ hank bills
2^w2^
4 & G months’ trade bills. 2a 3
The rates of interest allowed
by the joint-stock banks and
subjoined: 5
Per cent
Joint-stock banks
discount houses at call
Do
with 7
or
lhj
1*2
1%
14 days’ notice
The following statement
shows the present position of the
of discount, the price of Con¬
English wheat, the price of
middling upland cotton, of No. 40 mule yarn, fair second
■quality, and the Bankers’ Clearing House return, compare d
Bank of England, the Bank rate
sols, the average quotation for
with the three
previous
•
years:
1880.
1879.
£
£
Bank post bills
Public deposits
Other deposits
Governm’t securities.
Other securities
27,584.000
7,028,053
24,873,578
23,248,569
16,358,886
18.063,336
lies’ve of notes & coin 16,035,424
Coin and bullion in
both
departments.. 28,321,299
Proportion of assets
to liabilities
Bank rate
Consols
52-49
2^ p c.
97 ^
1878.
£
•Circulation, including
28,585,693
4,305.084
22,716,354
14,374,563
19,601,321
11,722,513
22,610,272 24,882,143
58*18
41-61
2 p. c.
5 p. c.
9458
973i
48s. Id.
63sl.
9*2
1877.
£
27,596,965
4,613,236
3,436,435
30,671,722 20,963,501
15,530.087 13,446,540
17,612,317 19,242,452
20,701,564 10,301,037
34,653,034
..
..
..
Frankfort
Vienna
St. Petersburg
..
..
.
2*8
238
238
2ia
3
3
..
Hamburg
increase of
Open-market rates—
•discount houses for deposits are
Paris
Amsterdam....
Brussels
Berlin
..
5ia
J
Nominal.
5i2)
4
6
314
5
Genoa
Geneva
.
rate.
Pr. ct.
4
4
market.
Pr. ct.
3ia
3ia
Madrid, Cadiz &
6
4
Barcelona
Lisbon & Oporto
5*2
Copenhagen.... 3*2 a>4
New York
Calcutta
•
•
•
•
514
3^a
4!a3>5
4
Thursday
The market is for £1,500,000 in exchequer bills. The amounts allotted were:
In bills of three months, £1,055,000 ; do. six months, £445,000.
an
2%
3 months’ bills
Open
Open
market.
Pr. ct.
rate.
Pr. ct.
npon
42-69
3
p. c.
9514
Tenders
were
received at the Bank of England on
Tenders for bills at three months at £99 8s..
received about
cent, and above in full; and for tho.se at six months at
The Government is paying,
therefore, 2% per cent for three months’ bills.
Application has been made to the Stock Exchange committee
to allow a special settling day, and to place on the list the
Atlantic Mississippi & Ohio Railroad Purchasing Committee’s
certificates for second mortgage preferred sinking fund bonds
for £260,000.
Business on the Stock Exchange during the week has been
very quiet, chiefly owing to the activity of the holiday season.
The brilliancy of the weather has, however, imparted consider¬
able firmness to the markets, and prices have had an upward
tendency.. American railroad bonds have been rather dull,
partly in consequence of some difficulties among speculators,
but for Government bonds the market has continued very firm.
The wheat trade has been very dull throughout the week,
and prices have had a strong downward tendency. The New
York market having declined, millers are unwilling to accumu¬
late any stock, and they are not likely to do so as long as there
is a chance of purchasing at reduced prices.
A good deal of
English wheat will soon be coming to market, as many farmers
are not in a position to hold, and expenses at this period of the
60 per
£98 10s. 3d. and above in full.
year are very
considerable.
During the week ended August 28, the sales of home-grown
5*516d.
in the 150 principal markets of England and Wales
wheat
10%1.
1,809,000 119,123,000 116,391,000 amounted to 12,229 quarters, against 17,759 quarters; and it is
Messrs. Pixley & Abell observe that “withdrawals of gold estimated that in the whole kingdom they were 49,000 quarters,
from the Bank of England have taken place for shipment to against 71,000 quarters in 1879. - It is estimated that the fol¬
the United States. £366,000 in bars and American gold coin lowing quantities of wheat and flour were placed upon the
have been sold for that destination; other purchases have British markets during the week ended August 28. The visible
been made in the open market. Altogether, at least £500,000 supply in the United States is also given:
1877.
1878.
have been despatched from this country, and £210,000, per
1879.
1880.
793,350
.872,407
1,555,033
of
Imports
wheat.cwt.
1,671,588
Havre
New
York,
Labrador,’ from
to
during the last week.
70,225
121,723
89,753
Imports of flour
176,201
The shipments from this side may probably be increased, owing Sales of home-grown
335,400
579,020
307,820
produce
212,000
to the restrictive measures adopted by the German Government.
1,198,975
The arrivals are—£27,000, per Royal mail steamer ‘ Moselle,’
Total
1,541,180
1,984,581
2,059,789
Deduct
or
exports
from the West Indies; £56,000 (sovereigns) per Orient line
30,347
53,056
3o,8 / 2
16,362
wheat and flour.....
steamer ‘ Lusitania,’ from Sydney; £256,000 per P. & O. steamer
1,168,628
1,4S7,G24
Result
1,984,709
2,043,427
Ancona,’ from Melbourne, of which £41,000 only in bar gold, Av’ge price of English
62s. Od.
45s. 8d.
48s. Id.
wheat for season (qr.)
44s. Id.
the remainder being sovereigns. The P. & O. steamer ‘ Gwalior,’,
Visible supply of wheat
4,346,537
in the U. S
bush. 12,600,000 15,748,775 10,997,101
took yesterday £10,000 in bars and £3,900 in coin to Bombay.
The Bank of England has received since our last £83,000, sover¬
The following figures show the imports and exports of cereal
eigns, from above arrivals. We have again to report great produce into and from the United Kingdom during the first
inactivity in our silver market. The arrivals have been only week of the season, compared with the three previous years:
44s. Id.
7316d.
2$o. 40 mule yarn
11 *sd.
Clearing-House Tet’n. 117,377,000
JEng. wheat, av. price
Mid. Upland cotton
..
“
4
45s. 8d.
6d.
lOd.
62s. 5d.
-
September
THE
18,1880.]
CHRONICLE.
IMPORTS.
Wheat
cwt.
1880.
1879.
1,671,588
1,555,033
29,240
421,843
8,817
36,877
656,552
176,201
39,958
168,297
19,093
36,005
550,594
121,728
Barley
Oats
Peas
Beans
Indian
Flour
com
1877.
1878.
872,407
136,092
160,518
793,350
145,683
371,075
53.373
14,519
71,717
518,030
90.281
1,003,871
89,753
70,225
EXPORTS.
Wheat
cwt.
14,531
255
892
178
103
Barley
Oats
Peas
Beans
Indian corn
8,343
1,831
Flour
32,565
605
50,291
3,033
11
300
291
45
436
29,949
234
1,261
87
600
49,905
1,701
3,307
2,765
Ensllsh Market Reports—Per
4,166
398
Cable.
London
Money and Stock Market.—The bullion in the Bank
of England has decreased £47,000 during the week.
11.
money.
-
97ni6
971316
-
...
...106
U. S. 4*28 of 1891... ...11418
...111
40*8
...113
62*8
ng. 15*4
Wed.
Thurs.
Fri.
Sept.
Sept.
Sept.
Sept.
Sept.
16.
52*8
52^8
52*4
17.
523
97*ois
97*516
98
93
97*316
97*516
52*4
97*3lfl
14.
118
62*8
16*8
137
...136*4
15.
105 %
114
111
10578
114
114
41*4
...
lade!
Tues.
106
114
114
...
msyl
Mon.
13.
.d. 52hj
40*8
3934
118
623s
117
16*8
136*8
16
Sat.
d.
8.
Flour (ex. State) $cent’l. 12
Wheat, No. Lwh.100 lb. 8
a
Spring, No. 2...
it
tt
Ay. Cal. white..
California club.
,
'
8 8
8 3
8 5
8 9
9 6
4 11
a
Winter,West.,n.
Southern, new.
3
9
a
Corn.mixed.West.^cnt’l
Mon.
d.
8.
12 3
8
9
8
8
8 3
8
5
9
9 6
4 11
8
Tuts.
8.
105%
113%
x 112 34
4038
10534
117
116*2
62
61%
113
3934
16
134*4
on cotton.
Fed.
d.
3
9
8
4
6
9
6
1137s
16*8
xl34%
1353*
Liverpool Cotton Market.—See special report
Liverpool Breadstuffs Market.—
9713i8
971516
*£>10
9/
62*4
Fri.
d.
12 6
8 10
8 10
8 8
8 10
8 10
9 6
4 11
d.
3
10
10
8
10
10
6
8.
Pork, West, mess.. $bbl.69
Bacon, long clear, cwt..43
Short clear
“
46
Beef, pr. mess, $ tierce.62
Lard, prime West. $ cwt. 43
Cheese. Am. choice
“
63
Mon.
8.
d.
69 0
43 0
46 0
62 6
43 6
63 6
0
0
0
6
6
6
12
12
12
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
9
9
9
4 10*8
4 10*8
4 10*2
Wed.
d.
8.
69
43
46
62
43
63
Thurs.
d.
0
6
6
6
! 6
0
Fri.
d.
s.
69 0
42 6
45 6
62 6
42 0
64 0
Thurs.
Fri.
8.
0
0
0
6
0
0
69
42
45
62
42
63
PetTeum, ref. $ gal.
Pet’leum, spirits “
Mon.
d.
r
..
®
..
9
Tues.
d.
Wed.
d.
00
85s
^9*4 9*42>9*2
®
.
.. .
d
$ CO *3°
U>
•
•
England
8—Str. Atlas
West Indies
®
.
periods hav^
..Am. silv. coin..
Am. gold coin..
For. silv. coin..
Am. silv. coin..
Am. gold coin..
For. gold coin..
For. gold coin..
5,628
7,385
12,160
220
1,265
1,049,534
Gold bars
107,063
For. gold coin..
484,509
For. gold coin..
344,247
For. gold coin..
21,420-
France
England
England
Germany
Germany
City of Merida ..Mexico
10—Str. Suevia
Main
$145,997
6,181
Germany
Germany
Am. silv. coin..
2,128
Am. gold coin..
For. silv. coin..
For. gold coin..
Gold bars
Silver bars
870*
91,516
3,495
5,000*
For. gold coin..
For. gold coin..
511,100>
295,845
766,580
54,040*
3,861
31,283
Gold bars
For. gold coin..
Am. silv. coin..
Am. gold coin..
For. gold coin..
•
France
West Indies
Total for the week '$123,498 silver and
$3,330,193 gold)
..
267
2,09T
..$3,953,691
Previously reported ($3,672,873 silv. and $14,365,243 gold)..18,038,11&
Tot. since Jan. 1/80 ($3,796,371 silv. and $18,195,436 gold).$21,991,807"
Same time in—
Same time in—
Same time in—
1879
$26,098,251 1875
$8,796,624 1871
$7.688,2541878
15,001,124 1874
4,696,970 1870
8,057,480
1877
10,815,801 1873
3,750,554 1869
11,091,437
1876
1872
3,800,524
2,938,908 1868
5,769,270
for each
day of the past week:
Balances.
Receipts.
’
Sept. 11...
“
13...
14...
15...
16...
“
“
..
®
17...
Payments.
Gold.
$
$
1,095,143 35
525,906 65
1,164,616 23
2,055,638 32
1,642,635
1,956,189
1,221,642
1,061,036
2,126,851
75
83
37
25
730,638 65
2,710,729 08
97
2,563,194 19
9,103,499 57
9,750,723 12
$
81,633,969 48
83,327,830 04
82,530,879 69
83.053,169 76
81,548,080 60
81,270,452 33
Currency.
6,147,922
5,932,060
5,629,562
5,597,976
'5,453,664
5,294,940
21
675S
23
53
53
Tennessee State Coupons.—A suit has been brought in the*
United States Court by John B. Manning, of New York, against
the State Treasurer of Tennessee, in order to compel him to*
carry out the provisions of the Funding Act of 187& in regard
to the new series bonds, by applying the revenue of the State*
to the payment of coupons on the bonds.
It is expected the
9®9*6
.
same
For. gold coin..
Venezuela
8—Str. Labrador
8—Str. Wyoming
Total
d.
8%@9
..
specie at this port for the
6—Str. Celtic
8—Str. Claudius
“
Tues.
8.
d.
69 0
43 0
46 0
62 6
43 0
63 0
41,741,873
57,568,178
1872
Sept.
“
London Petroleum Market.—
Sat.
d.
The imports of
been as follows:
1873...*.
s.
Liverpool Provisions Market.—
Sat.
s.
d.
10,458.525
23,152,955
40,063,406
Same time in—
1871
$55,218,50L
1870
48,764,812
1869
25,587,186
1868
65,998,944
The following table shows the receipts and payments at tho
Sub-Treasury in this city, as well as tinLe balances in the same,.
Thurs.
d.
3
9
9
5
7
9
6
8.
1878
1877
1876
Sa?ne time in—
1875
$62,793,572
1874
42,571,626
Hapsburg
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
Sept.
8109——SSttrr..Celsu
Same time in—
1879
$12,260,020
8—Str. Bothnia
8—Str. Lessing
The
Sat.
297:
..
©jcmxnxctxtitl amtJXXiscjeHatxeoxxs IXextrs.
case will be reached in November, and will be heard by
Judge*
Key, late Postmaster-General.
—An extra dividend of 30 cents per share Las been declared by
the Homestake Mining Company in addition to the regular divi¬
dend for the month of August, making a total of $660,000 the*
stockholders have received. The above two dividends are pay¬
able
at Wells, Fargo & Co/s on the 25th inst.
Imports and Exports for the Week.—The imports of last'
week, compared with those of the preceding week, show I
—The Swansea Smelting Works of Denver, Colorado, situated
an increase
in both dry goods and general merchandise. 1 at the leading city of the
mining districts of the West, will be
The total imports were $8,6(36,859, against $8,143,151 the
pre¬ offered for sale at public auction, October 16, 1880. For full
ceding week and $8,711,183 two weeks previous. The exports particulars, application may be made to the parties named in the
for the week 'ended Sept. 14 amounted to $8,718,379,
against advertisement on another page.
$8,061,108 last week and $8,331,306 two weeks previous.
The
following are the imports at New York for the week ending
(for dry goods) Sept. 9 and for the week ending (for general
merchandise) Sept. 10:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1877.
$2.0S0.991
General mdse...
1878.
$1,889,987
4,256,696
$2,597,924
3,520,253
$3,184,775
4,581,764
5,482,084
Total week
Prev. reported..
$6,337,687
231,464,237
$5,410,240
$7,179,688
198,001,230
217,503,367
$8,666,859
345,171,877
^
Diy Goods
1879.
1880.
—Messrs. Hilmers, McGowan & Co. have taken into their firm
Mr. W. H. Colhoun, a
and at the New York
BANKING AND FINANCIAL.
5
l.$237,801,924 $203,411,470 $224,683,055 $353,838,736
report of the dry goods trade will be found the imports
BANKERS
In our
of dry goods for one week later.
The following is a statement of the exports
EXPORTS FROM NEW YORK FOR THE WEEK.
1877.
For the week....
$6,551,589
Prev. reported.. 188,806,032
Total s’ce Jan.
Mining Stock Board.
—The directors of the Oregon Railway & Navigation Company
have declared a quarterly dividend of 2 per cent, payable Nov. 1;
also a scrip dividend of 10 per cent, payable at same time.
Total s’ce Jan.
(exclusive of
specie) from the port of New York to foreign ports for the
week ending September 14:
gentleman of long experience in Wall
Street, who will represent their house at the Stock Exchange
FISK
AND
&
DEALERS
HATCH,
IN
1879.
1830.
$7,799,540
$7,627,576
239,036,754
$8,718,379
227,278,905
280,872,100
1.$195,357,621 $246,836,294 $234,906,481 $289,590,479
The following will show the exports of specie from the port
of New York for the week ending Sept. 11, and also a com¬
Buy and sell all issues of Government Bonds, in large or small amounts,,
prices, and will be pleased to furnish information in
at current market
Bonds.
We
are
prepared to give information in regard to first-class Railway
Securities and to execute orders for the
Stock
dends, &c., and credit without charge.
St. Jago..
11—Str. Oder
London.
Total for the week ($127,625 silver and
Am.silv.cn (fr’l)
For. silv. coin..
Mex. silv. dols.
Am. silv. bars.
Tot. since Jan. 1, 80
($3,616,810 silv. and $2,123,902 gold)
12,605
56,020
56,000
$127,625
gold)
Previously reported ($3,489,185 silv. and $2,125,902 gold).
$3,000
..
..
5,618,087
$5,745,712
commission,, at the
or in the open market.
Receive accounts of Banks, Bankers, Merchants and others, and allow
interest on daily balances; and for those keeping accounts with ns we
collect U. S. coupons
Havre
on
Exchange
Sept.
Santiago
same.
Buy and sell all marketable Stocks and Bonds
parison of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
7—Str.
BONDS,
reference to all matters connected with investments in Government
1878.
7—Str. Canada
GOVERNMENT
And other desirable Inv estment Securities,
No. 5 Nassau Street, New York.
and registered interest, and other coupons, divi¬
fTg** We give special attention to orders from Banks, Bankers, Institu¬
city, by Mall or Telegraph, to'buy or
sell Government Bonds, State and Railroad Bonds, Rank
Stocks, Railroad Stocks, and other securities.
We have issued the Seventh Edition of “Memoranda Concerning
Government Bonds,” copies of which can ho had on application.
tions and investors out of the
FISK & HATCH*
THE
298 :
CHRONICLE.
The closing prices at
’£\\£ fB ankers’ (Sasetie.
No national banks
DIVIDENDS.
The following
dividends have recently been
Per
Cent.
of Company.
Name
rf
announced:
When
Books Closed.
Payable
(Days inclusive.)
Railroads.
T-KMc/h
1
Vfillp.v /niinr.)
Metropolitan Elevated (quar.)
New York Elevated (quar.)
Oct.
Oct.
Oct.
2*2
—
15
3 Sept.
1 Sept.
21 to Oct. 1.
21 to Oct. 1.
Insurance.
5
Jefferson
On
dcm.
FRIDAY, SEPT. IT, 1880-5
Tlie
,
and
Market
Money
Financial
the New York Board have been as follows :
Interest
Periods.
organized during the past week.
P. HE.
6s, 1880
6s, 1880
6s, 1881
6s, 1881
5s, 1881
5s, 1881
4%s,1891
4%s,1891
4s, 1907
4s, 1907
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
■*
•
337,000 francs in silver.
The last statement of the New York City
Clearing House
banks, issued September 11, showed an increase of $21,475 in
the surplus over legal reserve, the total
surplus being
$5,700,875, against $5,679,400 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
reg.
coup.
reg.
coup.
reg.
coup.
reg.
J.
J.
J.
J.
&
&
&
&
J.
J.
J.
J.
Q.-Fel).
Q.-Feb.
Q.-Mar.
coup. Q.-Mar.
reg. Q.-Jan.
coup. Q.-Jan.
1895..reg. J. & J.
1896..reg. J. & J.
1897..reg. J. & J.
1898..reg. J. & J.
1899..reg.
J.
Sept.
Sept.
11.
13.
'126
*127 '
*127% *128
*129
*129
*130
*130
*126
*127
Sept.
Segt. Segt.
14.
*102*4 *102*4 *102*4
*102*4 *102*4 *102*4
*104 5* *10458 *104%
*10458 *104% *104%
*102!% *102% *102%
*10258 102% *102*^»
*1103* *11034 *110%
*110% *110% *110%
*10958 *109% 109*4
*110% *110% *110*4
*125
*125
*125
*3 25
& J. *125
This is the price bid : no
Sept.
*102*4
*102*4
*104%
*104%
*102% *102%
*102% *102*8
*104% *104%
*104%
102% *102%
*102% *102%
*110% *110%
*110% *110%
*109% 109*4
110% *110
*104%
*102%
*102%
*110%
*110%
109%
110%
*125
*125
*125' *125
*125
*125
*125
*125
*125
*126
*127
*129
*129
*125
*125
,
sale was made at the Board.
in prices since January 1, 1880, and the amount
each class of bonds outstanding Sept. 1, 1880, were as follows:
The range
Situation.—The
only changes this week in the financial markets have been in
the tone of feeling rather than in the facts of the situation.
Just as the first news arrived of the Maine election, indicating
a victory for the fusion (Democratic and Greenback) ticket,
stocks declined quite sharply, and this was attributed by many
to the effect of the election news. As it was impossible to say
whether the same decline would or would not have taken place
without the election news, the advocates of the Maine fusion
ticket could not disprove the allegation of post hoc ergo
propter hoc. But without any regard to the elections or other
extraneous influences, it is rather clear that the working of the
stock market since the first of September has not been suffi¬
ciently buoyant to suit the purposes of those who had been
anticipating another boom as soon as fall business opened, and
had loaded themselves accordingly. And now the question
arises whether the unsettling influence of the first election that
has taken place will not project into the market a new cause
for timidity—not producing a positive weakness in stocks, but
a growing disinclination on the part of operators to do any¬
thing on a large scale until after the Ohio and Indiana elections
of October, and the grand finale on the first Tuesday of Novem¬
ber. It is not our province or desire to give any political
opinions in this report, and we refer to passing events in the
political world only in reference to their immediate bearing
upon the prices of securities at the Stock Exchange.
It is
notorious that the result of the coming election is particularly
uncertain, and it is precisely this uncertainty which we refer
to as an influence likely to put a check on heavy trans¬
actions
the
during
next six weeks.
The general
aspect of business affairs remains without a cloud on the hori¬
zon—the great yield of the crops, the volume of merchandise
moving in every direction, the tide of immigration, the imports
of specie, the immense tonnage of freight on railroads and
shipping, and the earnings therefrom—are all calculated
to inspire great confidence in the immediate future.
The money market has been very easy the past week, and on
call loans the rates were 2@3 per cent, according to the borrower
and his collaterals. Prime commercial paper is in demand at
5@5/£ per cent.
«
The Bank of England statement on Thursday showed a de¬
crease of £470,000 in specie, but
the reserve was increased
to 53 per cent from 5211-16 per cent last week ; the discount
rate was left unchanged at 2% per cent. The Bank of France
showed a decrease for the week of 9,865,000 francs in gold and
fVOL. XXXL
/
of
Amount
Range since Jan. 1, 1880.
Highest.
Lowest.
6s, 1880
cp.
6s, 1881....cp.
cp.
5s, 1881
4%s, 1891..cp.
4s, 1907
cp.
Os.cur’ncy.reg.
July 27 104% May 20
103% July
9 107% May 26
101 %
4 104*8 Apr. 28
10258Aug.
106% Jan.
2
103
125
2 11138 Aug.
2 110% Sept.
Apr. 21 130 Sept.
3
9
Jan.
Sept. 1, 1880.
Registered.
Coupon.
$12,181,000
$2,676,000
162,653,800
299,127,200
172,091,500
532,242,350
64,623,512
51,204,400
181,283,250
77,908,500
Closing prices of securities in London for three
since January 1, 1880, were as follows:
205,999,000
weeks past and
the range
Range sitice
Sept.
Sept.
3.
.
|
Lowest.
17.
1; 1880.
Highest.
i
106
105% 104% Apr.
U. fl. 5s of 1881.......... 106
114% 114% 113% 109% Jan.
U. S. 4%s of 1891
xl 13 106*4 Jan.
114*8 114
U.S. 4s of 1907
State and Railroad
Jan.
15 106% Jan. 12
2 114% Aug. 3
2 114*4 Aug. 31
bonds have not been
Bonds.—State
heavily, the principal transactions at the Board being
A, Louisiana consols and Tennessees. North.
Carolina 4 per cents are held at high figures, and carry now
about 1 per cent of accrued interest, as the first coupon of 2
per cent is payable on January 1,1881.
Messrs. A. H. Muller & Son sold the following at auction:
dealt in
in Alabama class
Shai'es.
GO Manhattan Gaslight
13 Clinton Fire Ins
Co
Railroad and Miscellaneous
178%@180
-
Stocks.
141%
—
The stock market
opened rather dull on Monday, but became more animated the
next day, with a decided weakness throughout the whole list.
The decline was most marked in some of the non-dividend pay¬
ing shares, while such stocks as New York Central & Hudson
in New York and Pennsylvania in Philadelphia went barely 2
per cent lower than the highest prices of last week. The
alleged cause for the decline in stocks—the early election
reports from Maine—is referred to above. The general situa¬
tion of the stock market, aside from special influences affecting
certain stocks, may be described as a condition in which there
Is nothing in the outlook to induce holders to weaken and part
with their shares, but on the other hand there is enough of
uncertainty about politics to prevent the .undertaking of a
genuine bull campaign. Philadelphia & Beading has held its
price very well, and the Receivers are offering to buy the July
and September coupons of the coal land mortgages at certain
rates, from 4 to 6 per cent per annum. Western Union Tele¬
graph stock has met with a good borrowing demand for the
October elections, and % of 1 per cent is offered for proxies.
There are said to be two parties, one in favor of contesting the
progress of the American Union at every step, and the other
in favor of joining with that company to keep up rates, See.
The arbitrators of the elevated railroads have unanimously
recommended the basis of consolidation for the capitals of the
Metropolitan and New York lines as 110 for the New York
stock and 90 for the Metropolitan, making the new capital the
same as the old, viz., $13,000,000.
The companies have each
declared their quarterly dividends of 2/£ per cent payable
October 1.
As to the increase in
ings amounted to $5,649,700, and $2,500,000 were accepted—all
railroad earnings in August and the
present month, the Boston Transcript remarks : “ There is an
erroneous idea prevalent with the public and the press gener¬
ally concerning the present ratio of increase in railroad earn¬
ings. It is believed, and often stated in financial journals, that
the earnings of August and September are compared with earn¬
ings last year, which showed large increases over 1878. This
may be so in special cases, but the twenty-seven roads which
published their earnings for August, 1879, showed a gross loss
in earnings for the month, as compared with 1878, of $459,669
and a gross gain of $725,374—a net gain of $265,705, or slightly
less than three per cent. The September table of railroad earn¬
ings showed 15 per ceiit increase, but in October a gain of 25
per cent was recorded.
Since January 1 the gain has been 27/6
per cent. It will thus be seen that the time has not yet arrived in
which the marked increase in railroad earnings in the Fall of
1879 should operate to any extent in diminishing the percent¬
fives and sixes of *80 and ’81.
age
1880.
Sept.
Loans and dis.
11.
$313,716,200
Differences frim
previous week.
Enc
1879.
1878.
Sept. 13.
Sept. 14.
.$1,773,400 $256,960,400 $244,215,100
66.340,300 Inc.
905,600
19.353.600 Inc.
298,350,500 Inc.
13,948,200 Dec.
11,300
18,554,700
1,163,700
593,200
19.876,900
21,603,500
225,572,900
39,481,100
19,478,300
218.269,000
$290,925
$56,393,225
$54,567,250
Reserve held.
80,283,500
Inc.
Inc.
312,400
59,358,000
67,445,900
Burplus
$5,700,875 Inc.
$21,475
$2,964,775
$12,878,650
Bpecie
Circulation
..
Net deposits
.
Legal tenders.
Legal reserve.
$74,587,025
United States
one-half of
one
48,891,200
Bonds.—Government securities fell off about
per
cent
on
the election
news,
and have since
recovered to 110>|, against 110>i as the best price before the
fall. At the Treasury purchase on Wednesday the total offer¬
gain in 1880.”
September
The daily
highest and lowest prices have
Saturday,
Monday,
Sept. 11.
Sept. 13.
44
Atl.&Pac.Tel.
Canada South.
Cent.of N. J..
Cent. Paciflc..
Ches. &Ohio..
Do 1st prf.
78
m w
75
75
42
41%
57%
76
70% 77H
7854
*20" 20% ml 26%
26% 26%
26
26
~75
.
42
43% 43%
44
75% 75%
41*4 42
75
75
Am. Dist. Tel.
Thursday,
Sept. 16.
Sept. 15.
22
*20% 22%
Do 2d prf..
Chic. & Alton. 117m 117% 117% 117% 117% 117% lie” lid
134
137
!35
13454
Chic Bur.& O. 137% 137V* *137 138
Do
pref.
Chic.&N. W.
Do
9056
91% 9254
9lg «2%
+112 113
Chic.M.&St.P.
9154
90%
112% 112%
113
113
102% 103% lfl2%
103% 104% 104% 104% 124
.
125 H 125% 126
-118 120
119
pref. ’-24^
C.R.I.&P.new no
Ob.St.L.&N.O. *40
Ch.St.P.M.&O 43
Do
pref.
Clev.C. C.& l.
39%
iiy*
7-^4
19%
Col.Chic.&J.C.
19% 20
Del.&H.Canal 8C4 87'4 87
Del.Lack.&W. 90 % 0154 91%
73%
Denver* R.G. 72% 73
Han.& St. Jo.. 39% 4054 40
Do
pref. 81% 83% 81%
Hous.&Tex.C.
Illinois Cent.. 113% 114% 114%
Lake Krie&W. 32% 34=4 34%
Lake Shore.... 108% 109% 109
143% 143
Louisv &Nash 142
30
Manhattan....
29% 31%
Mar.&C.lst pf.
0u
0%
Do
2d prf.
Mich.Central
95% 96%
24
Mobile* Ohio. 24
Mo.Kans. &T. 3454 355^
Mor.& Essex.. 111% 111%
Nash.Ch.&StL *07% 69
Northern Pac.
Do
pref.
Ohio Central
Ohio &Miss...
Do
pref.
Paciflc Mail...
Panama
Phil. & ReadV
.
St.L.A.&T.H.
Do
pref
St.L.I.M. & So.
St.L.& S.Fran.
Do
pref.
Do 1st prf.
Butro Tunnel.
114%
112&
'
81
71
19
85%
895,,
72
38
80%
64%
3356
10954 107%
34%
142
143
31%
30%
6%
4%
$S*
6%
4%
96%
•8* 24% S54
3;>% 33%
.a* 111
110%
.
NewCent.Coal
N.Y.C.&H. It. 132%
N.Y.L.E.& W. 39
4354
8354
7154
20
87%
92%
74
40%
83%
415
43%
82%
7154
84 ‘4
'8*
Do
pref.
N.Y.Ont. & W.
117
04
68
68%
28
28
132% 132% 13254
39% 3 m
75~
75
75
42%
60
41%
57%
58
77
75% 76%
73
73%
19% 19%
25% 25%
42
22
117
*20
*115
136
91%
Week
Friday,
Sept. 17.
10% 20
25% 2554
*20
22%
116% 116%
19% 20
25% 25%
*135% 136
90->4 9156
‘If* 112
0154
112
112
112
103% 102% 104% 103
103%
124% 12376 124% 123% 124% xl20% 2156
118
117% ilS
11554 117 118% 119
40
40
39% 39% *39
38% 39
43
41% 42
42% 4256 41% 42%
82% 8136 8254 82% 83^ 82-54 83
+71
7154 72% 72%
71% 70% 71
19
10%
1956 19
1956 1854 19
85
8>% 8554
8554 86
86%
89
90%
90%
89%
89-54
9!
>56
91%
72% 7254 7256 7254
7354 71V; 73
39
38% 39% 38% 3
3954 37
80
82
81%
81% 79
8054 80
*.... 00
64%
11356
11154112%
11256
11154
113%
33% 34
33% 33%
34% 32%
10756 1 08% 107% 10 %
108% 10756
143
143
141
:43% 142% 143
3054 31% 3054 31%
3154 29%
6%
6
5%
5%
4
4%
94% 95% 94% 95
9,5% 94%
23
23
♦22% 23V4
23% 22%
33% 34% 3356 34%
34% 33
111
110%
11056
110%
65
60% 62" 0554
68
63%
131% 132% t!31%
:w
39% 37%
66% 66% 66
68
68% 68%
23%
23% 24
24
24% 23%
31
31% 30%
30% 30% 31%
57% 54-54 56% 54%
53
54% 55
22% 22% 22% 22% *.... 2254 %...
34%
S4% 35% 35% 355s 34% 35
3154 X129 % 130 12954 130%
3854 38V4 39% 38% 39
67% ♦56% 08
66>6 67
2354 24
24
23-54 23%
3054 31% *30% 31
31
55% 55
5556
5556 55
3556
3554
4l"
40%
76%
40%
2®
8*
42%
42
42%
*
40% 41%
....
29% 31%
23
2354
56% 58
39%
*21
22
22
76
22
70
54% 55%
36
* 46% 46% 4654 46% 46% 46% 46%
76'
76
m
m
92 -14 93%
36% 37%
3556
77% 77%
39% 40)6
3i%
30%
70% 70%
5456 55%
35
35
45
4554
*75
70%
m
'm 'ik
*i« 'm
92
92%
0154 9254
93% 94%
34% 36% 35% 8656 35% 37
38% 3754 38
67% 68% 67% 6856 65% 87% 64% 66V4 0556 6656 65% 06%
West. Un.Tel. 103% 104% 103% 104% 102% 10354 10254 103% 10354 10556 104% 10556
*
These are the prices bid and asked: no sale was made at the Board,
f A sale was also made ex-div. at 130.
Union Paciflc.
Wab.St.L.* P.
Do
pref.
94%
94
37
156
925ft 93
156
Total sales of leading stocks for the week
and the range in prices for the year 1879 and
to
date,
were as
156
ending Thursday,
from Jan. 1, 1880,
follows:
Range for
1
Sales
Week,
Shares.
Canada Southern..
Central of N. J..
..
Range since Jan. 1,1880.
of
1
Lowest.
1 Year 1879
| Low. High
May 17 74*2 Jan. 14 45% 78%
May 25 90*4 Mar. 8 33% 89%
100%
99% Jan.
2 118
Aug. 7 j. 75
40
45
1,450
80,020
Chicago & Alton
Chic. Burl. & Quincy
Highest.
710
Jan. 26 111%
June 2 152
5,470 113
66% May 25 93% Sept, 7 , 3438
Chic. Mil. & St.P... 133,740
99
595
May 10 113% Sept. 7 | 74%
Do
do pref
87!8 July
Sept. 7 1 40%
9 106
59,205
Chic. & Northw
Do
do pref.
4,909 104 Feb. 10 126% Sept. 4 767g
4,741 lOO1^ Juno 11 204 Juno 8 119
*Chic. Rock T. & Pac..
5
25% Jan. 26
9^ May 11
14,510
Col. Chic.& Ind.Cent.
60
May 25 88% Sept. 9 38
11,250
Del. & Hudson Cana!
68^ May 25 94% Mar. 22 43
Del. Lack. & Western 133,875
2278 May 25 44% Sept. 2 13%
37,155
Hannibal & St. Jo...
63% May 25 86% Sept. 2 34
Do
do pref.
20,270
99^ Jan.
2 116% Sept. 7 79%
5,400
Illinois Central
20*4 May 11 38% Mar. 4 f 16
13,800
Lake Erie & Western
June 2 111% Mar.
95
4 67
71,130
Lake Shore
8638 Jan. .8 164% Apr. 2 35
3,750
Louisville & Nashv..
21
July 22 57% Mar. 16 35
58,910
Manhattan
75
May 17 98x4Aug. 2 7334
14.9G3
Michigan Central
53s
28’s May 25 49% Jan. 27
Missouri Kan. &Tex.
38,700
Morris & Essex
4,756 100 May 24 112% Sept. 9 75%
Mar.
5 35%
11,300 47^ Juno 1 128
Nashv. Chatt. & St. L.
N.Y. Cent.& Hud.Riv
17,856 122 May 11 137 Mar. 31 112
30
June 1
4878 Feb. 2 21%
N.Y. Lake E.& West. 172,346
47
May 25 73 % Feb. 2 37%
Do
do pref.
3,170
20
May 11 36 Jan. 14 116
11,550
Northern Pacific
Do
pref. 28,345 3938 May 24 60 Jan. 13 t 44%
7%
23
May 25 44% Mar. 6
Ohio & Mississippi.. 100,794
40,170 27ig May 17 62 Mar. 8 103s
Pacific Mail
168
Jan.
2 195
Sept. 7 123
Panama
3
13% July 2 7238 Jan.
61,250
Phila. & Reading
13
Feb. 17
34!g May 25 66
St-L.IronMt.&South.
23,075
Feb.
2
3%
25!4 May 11 48
St. L.&San Francisco
4%
Do
May 11 60% Mar. 8
1,200 33
pref.
9%
60
200
1st pref.
May 11 83% Mar. 9
Do
80
May 11 973e Jan. 19 57%
22,685
Union Paciflc
Jan. 27
26*2 May 25 48
29,297
Wab. St. L. & Paciflc
51*4 May 25 73% Aug. 5
Do
do pref.
72,000
86% June 2 116% Feb. 24 88%
48,198
Western Union Tel..
*
1
....
*
Lowest
price hero is for new stock, sold for first
t Range from July 30.
134%
82%
10234
94%
108
150%
Southern.August....
Albany & Susq ..July
Ala.Gt,
Atch.Ton. &S. Fe.August
Atl.&Gt.West ...June
Atl. Miss. & Ohio. July
Atl. & Char. Air-L. July
.$58,701
105,472
073,000
308,456
145,585
$34,807
89,356
516,705
301,272
133.224
59,693
35,284
92,903
86,747
128,811
28,184
32,387
22,630
281,842
Eastern
July
Flint <fe Pero Mar.1st wkSept
Gal. Har.& San A. June...
Grand Trunk. Wk.end.Sep. 11
Gr’t Western.Wk.end.Sept. 3
Hannibal & 8t. Jo. 1st wkSept
Houst. <fc TexasC. July
Illinois Ceil, (Ill.) .August
31,885
92,452
192,727
82,465
217,067
101,439
43,964
227.679
41,161
186,848
566,4S9
494,704
107,273
26,596
41,619
32,811
58,182
131,898
31,822
(Iowa). August
Indiana Bl. & W..4tk wkAug
Int. & Gt. North.. 1st wkSept
Iowa Central
July
Do
86,596
K. C. Ft. S.& Gulf .3d wk Aug.
17,070
Kans.C.Law.&So.3d wk Aug.
Lake Erie* West. August
Louisv. & Nashv. 1stwk^ept
10,118
67,055
105,63,8
7,266
90,439
0,828
183,600
23,254
133,600
15,356
136,166
169,326
48,519
242,008
681,572
270,430
652,458
1,988,530
399',887
1,367,314
163,237
113,488
628,373
1,613,051
1,019,475
566,132
1,363,825
7,024,511
3,261,023
1,617,725
1,688,512
3,928,022
1,010,24 G
789,874
5,802,742
2,760,228
1,175,563
1,016.303
937,842
707,327
1,389.522
3,491,181
911,948
719,219
690.197
492,779
441,828
283,047
5,763,710
3,597.388
671.197
540,180
505,563
371,221
266,904
1,886,573
106,147
429,267
2,735,342
1,280,613
142.182
1,345,625
41,981
372,493
78,774
78,714
N.Y. Cent. & Hurl. August....3,022,855
N. Y. L. Erie & W. July
1,580.976
N.Y. & N. Engl’d. 1st wkSept
60,765
Northern Central. July
450,298
208,300
Northern Pacific .August
469.638
2,227.609
16,619
9,443
127,811
Memp. & Chari...1stwkSept
Marq. H. & Ont'n.August
Minn. & St. Louis.3d wk Aug.
Mo. Kan.&Texas. 1st wkSept
Mobile & Ohio
August
Nashv. Ch.&St.L. August..
N. Y. & Canada .July
565,386
2,227,609
1,073,217
1,113,659
231,112
2.546,029 21,62S,649 17,898,419
1,273,533 10,672,040 8,938,625
57,194
324,425
210,927
2,158,945
2,666,088
1,112,493
1,353,579
307,4^9
244,358
134,124
11,347
11,811
229,385
Ogd. & L. Champ.2d wk Aug.
184,114
34,303
27,331
Pad.&Elizabotht. August
3,819
2,414
102,931
Pad. & Memphis.. 1st wkSept
3,449,614 2,782,906 22,883,715 18,196,964
Pennsylvania ....July
295,671
Peoria Dec. & Ev. August
45,151
14,901
Philadel. & Erie..July
308,699 241,018 2,083,496 1,595,102
Phila. & Reading. July
1,282,835 1,303.522 9,472,302 7,998,190
270,672
316,639
Pitts.Titusv. &B.July
54,660
38,251
Ports.Gt F.&Con. July
18,596 - 14,709
77 i', 671
Rensselaer & Sar. July
176,452 149,371 l,0i 3,690
623,312
925,532
St.L.Alt.&T.H. ..1stwkSept
27,623
25,054
340,710
415,730
Do
11,402
(brehs).1st wkSept
12,150
St. L. Iron Mt.&S. 1st wkSept 166,300
142,673 3,760,996 2,807,250
875,789
St. L. & San Fran. 1st wkSept
61,996
47,545 1,660,234
?LP.Minn.&Man. August
232,579 138,910 1,942,669
313,160
St.Paul & Duluth. July
56,630
910,137
8t. Paul&S. City.. 1st wkSept
27,291
700,518
25.015
910,137
217,897
Scioto Valley ....2dwkSept.
6,133
190.220
7,342
217,897
South. Pac.of Cal.August.... 508,000
237,263 3,266,097 1,930,680
Texas & Paeiflo ..4tliwkAug
53,148
42,131
Tol.Peoria A War. 1st wkSept
30,437
27,697
930,608
808,088
Union Pacific ....July
1,988.0001,431,000
Wab. St. L.& Pac. 1st wkSept 245,125
202,823 7,809,389 5,334,630
Exchange.—There has been
nominal advance this week of
a
^ point in the asking rates of prime bankers for demand bills,
but the market shows no animation, and actual rates still admit
sidee
89%
4
94
41%
70%
100%
28%
108
89%
72%
98
35%
104%
83
139
49
78%
10%
65
333s
39%
182
56
53
60%
78%
95
of
a
our
demand. Cable transfers are 4 84@4 84
following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
%, selling %@XA off ; Charleston, buying
discount, sell¬
ing par; St. Louis, 1-10 discount; Chicago, 75@80 discount;
83/£@4 83% for
The
Boston, 40c. discount.
Quotations for foreign exchange are as follows :
Prime bankers' sterling
Prime commercial
bills on London.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort (reiclimarKs)
Bremen (reichmarks)
The
Demand.
Sixty Days.
Sept. 17.
4
4
4
5
81 @4
8*> @4
79 @4
27%@5
39*2®
9334@
93%@
82
80*2
80
243a
4 83%@4
4 82%@4
4 8 L%®4
5 25
@5
84*«
83
82*9
39%
39%@
94
94
943e®
9430@
40
94*%
94*%
following are quotations in gold for various coins:
Silver %s and %s. — 99%@
$4 83 @$4 86
Sovereigns
@ 3 86
@ 4 76
@ 4 00
3 83
Napoleons
X X Reichmarks.
X Guilders
4 73
Five francs
Mexican dollars..
Do uncoinmerc'l.
—
—
92
88
87
@
@
217b
par.
—
—
95
89
88
—
@ —
3 96
English silver .... 4 70 @4 80
Span'll Doubloons.15 60 @15 75
Prus. silv. thalers. — 67 @ — 69
Mex. Doubloons..!5 50 @15 60
— 99 %@ — 99
Fine silver bars
1 127e@ 1 13% Trade dollars
Fine gold bars
par@% prern. New silver dollars — 99%@par. %
Dimes & % dimes. — 99%@ par.
Boston Banks.—The following are the totals of the Boston
..
116
time June 11.
banks for
a
series of weeks past:
Jan. 1 to
the gross
Aug.
“
“
“
“
r-Jan. 1 to latest date.—*
1880.
1879.
$390,993
767,796
$251,949
588,398
2,421,668 1,884,409
1,048,099
853,710
2..
9..
10..
23..
30..
0..
Sept.
“
13..
*
*
S
1880.
145.795,500
140.955,000
148,050,800
147,343,400
146,627,900
147,259,200
146,749,700
6,365,200
6,170,400
6,349,000
5,901,100
6,002,000
6,281,800
6,871,600
4,093,500
3,547,100
3.182.900
2.991.900
8.128,600
2,945,200
2,932,500
Deposits.* Circulation. Agg. Clear.
54,579,400
54,020,300
55,089,100
56,002,000
55,228,200
55,495,300
56,069,500
30,496,21 >0
50,882,884
02.610,237
58,477,792
30.378.300
58,143,856
30,514,900
30,500,500
30,509,800
48
30,344,200
29,040,100
801,880
53,202,760
54.247,417
Government and banks. less Clearing-House checks.
Philadelphia Banks—The totals of the Philadelphia
Other than
are as
follows:
Loans.
1830.
67.591.981
Aug. 2
“
“
“
“
63,359,368
60,148,060
69,591,147
09.967.170
9..
16
23
30
70,2)4.008
Sept. 6
“
L. Tenders.
*
Specie.
Loans.
45,661
460,843
381,933
34,985 1,321,222
919,626
Cairo <fe St. Louis.August
252,168
39,643
26,291
158,990
Central Pacific...August....1,835,000 1,556,45712,149,693 10,870,698
Ches.&Ohio
August.... 259,110 215,695 1,750,381 1,201,886
Bur.C.Rap.A No.. 1st wk Sept
30,681
Dubuque&S.City. 1st wk Sept
mentioned in the second column.
Latest earnings reported.—*
Week or Mo.
1880.
1879.
21,050
17,176
85,760
29,379
105,355
25,070
91,201
19,134
30,043
18,480
247,G33
21,147
91,482
15,539
96,570
28
earnings of all railroads from which returns can be obtained.
The columns under the heading “ Jan. 1 to latest date” furnish
the gross earnings from Jan. 1 to, and including, the period
/
9,118
197,464
245,060
27,543
Cin. & Springf. ..1stwkSept
Clev. Col. Cin. & 1.1st wk Sept
Clev. Mt.V. & Del. August....
Del.&H.Can.. Pa.Div..July.
Denver & Rio Gr 2d wk Sept.
Denv.S.P’k& Pao. August
Dos M.& F.Dodgc.July
Det. Lans. & No..4th wk J’ly
742,964
967,289
25,666
32,506
12,636
Chic.St.P.Miii&O. 1st wk Sept
Chic. & W. Mich..3d wk July
Cin. Ham. & D...July
Cin.Sand. & Clev.l2dys July
profit on specie imports. The total recepts of specie
last are upwards of $3,000,000. To-day the actual rates for
prime bankers’ sterling bills are 4 81@4 81/£ for 60 days and
t Range from Sept. 25.
The latest railroad earnings and the totals from
latest dates are given below. The statement includes
Mo.
or
‘
30% 32%
....
46
22%
30)6
200
200
32% 30% 31% 30% 31%
22
23% 22% 22% 22
77% 77%
80
57-% 5556 56% 54” 55%
3154
23%
*17%
57%
*....
37%
77
41
tamings reported—* r-Jan. 1 to latest dale.-*
1880.
1880.
1879.
1879.
Chicago & Alton .1st wkSept $173,549 $133,962$ 5,008,861 $3,438,560
Chic. Burl.&Q...July
1,566,601 993,823 9,715,424 7,504,062
551,225
Chic. & East. Ill.. 1st wkSept
21,295
35,884
814,522
Chic. Mil. & St. P.2d wkSept. 293,000
227,598 8,032,000 5,996,230
Chic. <fc Northw..August....1,771,314 1,326,957 11,955,653 9,601,520
/—Latest
been as follows:
Wednesd.
Tuesday,
Sept. 14.
299
CHRONICLE
THE
18, 1880.]
13
,
70.608,376
Circulation. Agg. Clear.
L. Tenders.
$
Deposits.
I
t
21.237,201
20,000.340
20,216.899
19,625,220
19,755.605
19,352.411
60.2*^8,773
12,199.880
12,154,010
12,122 670
12,138,049
12.101.925
12.1 4,778
20,670,935
60,351.479
60,880.934
60,653,997
61,109.090
0>,532.113
63,010.452
b&nkfl
12,178,215
36,101,906
45, 2<».123
39.159.781
3-‘.804.761
83.4 5.504
36.143 128
30/073,478
THE
300
C HRONICLE
New York City Banks.—The
following statement shows
the condition of the Associated Banks of New York City for the
week ending at the commencement of business on Sept. 11, 1880:
Capital. Loans
and
discounts.
$
2,000,000
2,050,000
2,000,000
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
Tradesmen’s
Fulton
Chemical
Exch.
Gallatin Nation’1
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific
Republic
North America..
Hanover
Irving
Metropolitan
....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr..
Park
;
Meeh. Bkg. Ass’n!
North River
East River
I
Fourth National.1
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
3.475.900
1.667.800
446.100
995,000
585.200
12,474.200
4.303.600
4.190.900
1.455.100
3.354.600
928.000
902.400
148,000
18,400
2.864.800
529.300
115.100
564.700
2,928.000
3.376,800
466.600
655.300
255.100
15,541.800
5.679.600
3.982.800
2.5/1,400
4.930.300
512.100
762.500
302.700
486.30U
3.390.600
700,000
1,000,000
500,000
3,000.000
600,000.
400,000
1,500.000
2,000,000
500,000
886.900
240,000
250,000
3,200,000
2,000,000
300,000
750,000
887,300
953,200
17.790.700
9,529,000
2,542.000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
300.000
800,000
250,000
200,000
750,000
300,000
517.600
3,074.060
347.200
178.200
441.800
435.400
675.000
545.200
1.591.600
45.900
704.000
5.388.200
3.443.400
145.500
41.300
96.000
3.744.300
2,104.000
459.000
1.480.700
35.000
1.291.700
2.320.800
18.700
377.400
720.200
289,900
3.665.200
100,000
1.370.400
10.257.800
347.500
437.800
131.900
61.600
173,000
241.200
159,000
12,722.400
Circula¬
tion.
$
495,000
400
552,200
44,500
1,100
267,000
2.541.300
l,3>0,600
795,200
051.200
098,400
88.000
3,720 500
2.593.800
1.270.200
951.00c
952,30u
2.210.800
820,800
102.900
2.927.400
303.000
40c. 100
580.800
174.100
131.200
12.474,000
10,029,500
4.440.600
3.816.300
2.316.400
2.5C0.1OO
3.763.200
1.507,500
2.158.400
7,243,000
2,913,000
568,000
1,226,000
13.983.0ou! 4.321.300
9.289.000' 2.670.400
1.376.300
155.200
1,000,000
101,000
49.600
144,000
174.700
4.911.000
500.000
$
9,562.000
4,912.700
7.771.900
6,500,000
4,034,800
7.759.100
3,392,000
$
213,000
210.300
255.700
454,000
21.400
308.800
30.000
141.800
1.426.200
13,853.000
1.946.800
other
than U. S.
200,000
165.400
802,50<i
229.800
173.300
1.454.200
2,260,80C
7.261.900
3.048,800
2.410.400
2,577.000
2.260.100
3.405.800
3.797.000
5.665.200
1.628.300
3.484.000
21,263,100
L7,6?3,700
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
237.000
87.000
180.100
81.500
86.900
58,000
165.000
71.000
225.200
290,100
239.000
507.600
6.140.300
1.558.600
3.891,000
23.532.800
1,186,000
20.509.30C
15.900
183.200
72.900
820.300
793.000
229.000
206.C00
179,000
386.600
91.400
3i 15.000
379.800
85,300
281.500
244,800
180.000
2,700
477,700
L.280,200
8c0.800
189,000
1,125,666
45,0U0
5,400
8CO.660
423.000
45.JO0
12,798,u00
1.985.900
261,3lHJ
2.173.600
3.900
2,062.500
1.922.100
433,300
450,0 HI
3.309.300
450,000
4,600
2.019.000
533,900
1,004.000
780,3/0
180,000
1,099,400
527.000
158,300
703,700
224.700
17,538 990
9.924.000
2.747,000
810.000
5,420.000
16.055.700
10,418.500
1.030.600
1,191.000
1.383.200
2.122.400
4.037,900
1.413.900
77,100
Loans and discounts
returns of
previous week
are as
Inc. $1,773,400 1 Net deposits
Inc.
905.600 I Circulation
Dec.
593,200 i
Specie
Legal tenders
Bid.
SECURITIES.
Ggdensb.& L.Champlain ...
do
pref..
Old Colony.........
...
Portland Saco A Portsmouth
Pullma i Palace Car
Rutland, preferred
Vermont* Massachusetts..
1,480,000
45,000
90.OO0
STATE AND CITY BONDS.
Penna. 5b, g’d, int.,reg. or cp
do
5s, cur., ree
do
reg., 1-82-1392. ....
do
5s, uew, reg.,
do
6s,10-15, reg.,lvn-’82.
6s, 15-25. reg., 1882- 92.
do
do
6s. In. Plane, reg.,18<9
5s|
Pittsburg 4s,coup., 1913.....
do
5s, reg. & cp., 1913.
io
6s,gold reg
...
are
Loans.
1880.
*
Jan. 31. ..2a3.194.500
Feb.
7. ..290,381,000
“
14.
“
21.
“
28.
Mar.
6.
“
13.,
“
20.
“
27.
.290.445,200
..290,091,200
.293,545.000
..297,135,500
.297,256,900
.294,4'‘7,400
..290,860,700
.290,639,500
.
the totals for
a
series of weeks past:
Specie.
L. Tenders.
$
*
50.312.800
52.994.600
54.746.500
18,586.000
16.437.900
59,c87,200
16,086.000
15.505.500
14,168,000
Deposits
Circulation. Agg. Clear.
$
$
259.675.900 21.529.900 772.270,895
264.404.200 21.683.200 720.978.130
267,128,100 21,599,6)0 683.453,357
271,601,000
271,012,800
12.130.400 271,483,400
11,052,400 270,381,000
11.555.100 264.538.200
11.272.500 260.340.500
April 3
10.847.500 259.306.800
10. ..288,470.900 52,023.000 11.935.900 256.207.800
“
17., ..284,250,800 50.050.800 13,860,000 253.519.800
“
24.
.278,880,200 48.983.600 15.432.100 248.893.700
..280,436.300 49.406.500 17,014,000 252.572.200
"V
..281,137,700
53.391.500 17.257.100 258,323.000
“
15. ..278,571.200 56,278.000 19.229.300 261,075,900
“
22. ..272,250,800 56.831.900 21.609.500 253.325.700
“
29., .273,216,400 59.271.700 22.547.400 202,762,000
June 5.
.276,056,000 01.109.000 21.934.800 236,839,000
12
.279.265,700 63.192.700 22.221.300 271.628.500
“
19. ..286 075,100 61,450,000 22,004,300 278.146.700
•*
26.. .285.905,100 65.210.100 21.715.800 277,770,300
July 3.. .291,784.300 66.103,000 20,684,600 283,073.300
10.. .293.428,500 70.822.100 19.624.800 290.714.700
“
.
.
,
.
“
57,413.300
58,055,000
57.927.900
55.440.100
54.773.800
53,069.300
.
i:
.
“
.
“
17..
24.,
31.,
.292.309,500 70.615.500 20.915.400 292.238.500
“
.294,517,800 09.058,900 20.351.200 291,270,000
“
.297,779,300 68.037,700 20.631.300 291.300.500
7.
Aug.
.304,765,800 08.700.000 17.115.900 297.024,200
“
14.. .300,491. s0) 03.330.900 16.312.000 296,691,600
“
21. ..310,6 16,300 60.717.500 15.254.200 298,015,100
“
23.. .310,73',100 05,413,800 15.335.500 296.422.900
.311,942,800 65.434.700 14.541.400 297.183.800
Sejrt.
.313,710,200 06.340,300 13.943.200 293.350.500
^4.,
21.282.200
21,174,000
21,002,100
795,314.114
725,419,855
895,014,025
827,801,84 )
748.481,804
644.453.967
771,019,670
810,774,898
849,817.403
720,947,846
697,435.051
790.380.569
867,032,049
20.967.100
20.975.800
20.995.200
20,981,000
20.937.900
20,843,000
20.612.800
20.640.200
20.572.900
20.493.400
20,304,000
20.238.100
20,059,900
19.682.500
19.694.900
7s,w’t’rln,rg.*cp.
do
Bid.
Ask.
BOSTON.
Atcb. & Tcpeka 1st m.7s
119
do
•
land grant 7e
i’10
2d 7s
land Inc. Ss..
Boston & Maine 7s
12
124
do
do
ztoston &
Albany 7s
do
6s
Boston * Lowell 7s
do
68
Boston * Providence 7s
Burl. A Mo., land erant7s..
:i6
do
Nebr.6s
Ex 109KT10
do
Nebr. 6s
:u3
Conn. A Passumpslc, 7k, 139,. i;i I
.
...,
...
Eastern, Mass., 4*,a,
Fitchburg KR., 6s
new.
...
98*100
do
7f»
Fort Scott A Gulf 7s
- 108
Hartford A Erie 7s
4144, 41%
kan. City Top. &
is, 1st
110*
do
ao
7s, 1nc..
K. City Lawrence A So. 4s... 90
97
Kan. City. 6t. Jo. & C. B. is.
114
Little R’k A Ft. Sir.ftb, 7s,1st 102
102*
New York & New Eng. Is....
110%
Oedensburg A Lak* <h.Pg...
....
....
.
SECURITIES.
Old Colony, 7s
Old Colony, Hs
Omaha A S. Western, 8s
Pueblo & Ark. Valley, 7s
Rutland 6s,1st mort
Ask.
....
iv>%
90*'
112*
..
STOCKS.
Atchison A Topeka
121* 122
•Boston A Albany.
150
Boston * Lowel!
Boston & Maine
135
Boston A Providence
142
Cheshire preferred
53
Chic. Clinton Dub. A Min
84
Cin. Sandusky A Clev........
It* 14*
Concord
Connecticut River
Conn. A Passumpslc
71
72
Eastern (Mass.).:
30
30*
Easters (New Hampshire)...
.
Fitchburg
131
Fort Scott* Gulf, pr^f
108
do
common.
K.C. Law. & Southern.Ex.R
Little Rock* Fort Smith
£6*
Manchester * Lawrence.... 157
Nashua * Lowell
110
...
130
pref.....
pref.-
do
do
new
10
47
— .....
Bound Brook....
East Pennsylvania.....
Elmira * Williamsport—...
111
do
pref..
d0
Har. P. Mt. Joy & Lancaster.
Huntingdon* Broad Top...
41
win
Delaware *
do
do
pref.
Lehigh Valley. ..
Little
33
52
*8
53*
8
n
54
47*
Schuylkill
50
57
102
59*
Pennsylvania.......
158,
Philadelphia* Erie
15*
Pnlladelphla A Reading
leo*
Philadelphia* Trenton
60
Phda.Wllmlng. & Baltimore.
Pittsburg
Tltusv.* Buff.....
do
St Paul & DuluthR.K.
do
do
Pref.
Com
48*
59*
15-H
15%
:62
!5X
Si
30
35
05
172*
United N. J. Companies
West Chester consol, pref....
32*
35-*
34*
50
Morns
do
pref
Peansylvanla
Schuylkill Navigation....
...
34*
*8
pref...
do
Susquehanna
RAILROAD BONDS.
Allegheny
do
do
Vai.JL7
3-10s,1896. ..
«s, E. ext.,i910
Inc. 7s, end.,’94.
122
10a
32
iio
■57
110
103
no
104
no
113*
117
V|...
Chartiers Val., 1st m. 7s,C.,1901 106
Delaware mort., 6s, various.. 112
118
Del. & Bound Br., 1st, 7s. 1905
108
East Penn. 1st mort. 7s, ’88 .
El.* W’msport, 1st m., <s, SO 109* 109%
85
do
5s,perp...
...
»o
ss.perp—
Harrisburg 1st morC 6s, ’83... 101
H. & B. T. 1st m. <s, gold, ’90.'114
m. 7s.
fd. g.’e9
let m.
7s, fd.
do
let
do
2d m. 7s, gold, ’95. 108
do
2d m.f ? .scrip g.,7s
3d m. cons. 7s, 95*
do
Ithaca* Athens 1st g d, 7s.,’SO 103*
Junction 1st mort. 6s, ’82
104*
do
2d mort. 6s, 1900
Lehigh Valley, lst,6s,cp., 1898 117*
do
do reg., 1898...
do 21 m. 7s, reg., 1910.. 128*
do
con. in., 6s,rg., 1923 113*
do
do
6s,< p.,19^3
117
....
do
66
104*
119
115
108
107*
115* 118
114
114*
*74
Scrip
Pa.*N.Y.C.& RR.7s,1896
....
103*
In default,
$ Per share.
103*
83
112
84
84
103*
94
70
80
89
115
103
118
100
113
112
!05
105*
80
90
iio*
109
reg.,’94 103
mort. gold, ’97—
107%
cons. in.7s, rg ,191! 105%
140
Morris, boat loan, reg., 1885..
m. conv. g.,
Pennsylvania 6s, coup., 1910..
Schuylk. Nav.lst m.68.rg.,’97.
do
2d m. 6s, reg., 1907
do 6s, boar*car,rg.,1913
do 7s, boat*car.rg.,l9i5
Susquehanna 6s, coup., ,9:8 .*
93
70
90
....
"75
....
75
Maryland 6s, defense, J.& J... 107*
110
ao
6s, exempt, 1887
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, iS84. quarterly.
do
6s, .856, J.*J
do
6s, 1890, quarterly...
do
6s, park, 1590, Q.—M.
do
6s, 1893, M.* 8
do
do
do
do
__
6s,exempt,’33,M.*8.
6si 1900, Q —J.
68,1902,
I, J. * J.
5h, 19,6, new
railroad stocks.
107*
95
100
110
110
115
118
120
121
118
121
110}117}118
122
125
Par.
100 172* 177
Balt.* Ohio....
117
co
istpr/f
122
113
do
2d pref
110
Wash. Branch. 100 150
do
do
Parkersh’g Br..50
Northern Central..
50 57* 37*
8
Western Maryland
50
10
Central Ohio
50 45
45*
5
Pittsburg & Connellsvllle..50
RAILROAD
BONDS.
Balt. & Ohio 6s, 1885,A.*0....
N. W. Va. 3d m.,guar.,’85,J*J
Plttsb.* Conneilsv.78,’98^J*J
Northern Central 6s, ’85. J&J
do
6s, 1900, A.&O.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st na.,’90,M.& 8.
W. Md. 6s, 1st in., gr.,’90,J.&J.
do
1st in., 1890, J. & J....
do
2d m.,guar., J.&J—
do
2d m.,pref
do 2d m.,gr. by W.Co.J&J
do 6s, 3d in., guar., J.& J.
Mar. &Cln. 7s,’92, F. & A,...
do
2d, M. & N
do
8s, 3d, J.&J
RR.
Union
1st, guar., J. & J..
do
Can.on endorsed.
109
105
117
108
116
112
110
115
110
115
110
110
lie*
109
117
112
112
103* 105
110
115
114
80*
44*
110
110
110
81*
44*
Cincinnati 6s, long
t 109
do
7s
tl t 115
IIO
7"30s
t
do
•I<125
do
South. RR. 7”30s.t
120* 127
do
do
6s, gold.t 113
114
Hamilton Co., O., 6s. long...t 107
ao
7b, 1 to 5 yrs..t 105
7 & 7‘30s, long.1 120
do
Cln.& Cov. Bridge st’k, pref. 150
Cin. Ham. & D. coas.6s, 19 5 + 105
do
7s, 1905 +
do
2d m. 7s, ’65 t
Cin. Ham. & Ind., 7s, guar. .1
Cin. & Indiana let m. 7s
+
2d m. 7s, ’77. A
do
Colum. & Xenia, 1st m. 7s, ’90
llavtnn Ar Mich. 1 fit m. 7R. ’8
Dayton
& Mich. 1st m. 7s, *81+
do
2dm. 7s,’84.+
do
3d m. 7s, ’884
Dayton & West, lstm., *8i...1
1st m., 1905.-j
do
1st m. 6 s, 190.)
do
Ind. Cin. & Laf. 1st m. 7s.... +
do
(I.&C.) 1st m.7sf’88+
Little Miami 6s, ’83
+
Cin. Ham. * Dayton stock...
Columbus * Xenia stock
110
104
104
105
103
+107
105
103
+104
103
105
103
92*
125
50
125
Little Miami stock
131
Louisville 7s
do
+
6s,’82 to’87
do
6s,’97 to ’9*
+
do
water 6s,’87 to ’89.+
water stock 6s,’97.1
do
wharf 6s
1
do
do
spec’l tax 6s of *89t
water 6s, Ce. 1907 +
do
ao
do
5s
as
Jeff. M.*l.lstm. (i*M) 7b,’81+
J4
*,«
7a
4
do
2dm., 7s
1
do
1st m.,7s, 1906
+
Loulsv.C.* Lex. 1st m.7s,’97+
Louis.* Fr’k.,Louisv.ln,6s,’8!
Loulsv. & Nashville—
Leh. Br. 6s,’86
+
1st m. Leb. Br. Ex. 7s,’80-85.+
Lou. In.
do
6s,’93...+
Jefferson Mad. & Ind. stock,
+ And Interest.
~
m
106
112
105
105*
104
101* i02
Dayton & Michigan stock....
do
8. p.c. st’k,guar
120
do
gen. m. 6s, rg., 1910.
do
cons.m. 6», rg., 1905. 117
do
cons. m. 6s. cp., 1905. U7.
do
Navy Yard 6s, rg,’81
105*
*107*
Penn. Co ,6s. reg
86
Perklomen 1st m.88,coup.,’9i
Phila. & Erie 1st m. 6s, cp.,’81, 103* 105
do
2d m. 78,cp.,’S8.
114
Phl'a. Newt’11 & N.Y.. 1st m.
Phila.* Read. 1st m.6s,’43-’44 iio
do
do
’48-.49 no
2d m., 78, Cp.,9 !. 110
do
20
deben. cp., ’-3
32
do
do
do
cps oh.
32*
•
do
do
do
do
LOUISVILLE.
....
120
m., 6s, reg.,’84
mort. RR., rg ,’97
Lehigh Navlga.
izi
123
125
1906
Pennsylv., 1st m., 6s, cp., ’80.. lot*
do
gen. m. 68, cp.. 1910. 121*
do
40
108
118
119
112
CINCINNATI.
Burlington Co. 6s,’97. lo0
Little Schuylkill, 1st rn.7s.V2
North. Penn. 1st m. 6s, cp.,’85.
do
2d m. 7s,cp., ’96.
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 190?
Oil Creek 1st m. 7s, coup.,’81.
rlttsh. Tltusv. & B., 7s, cp.,’96
'yra.Gen.* (JornV,l6t,76,1905
Texas & Pac. 1st in ,6s, g.,1905
do
cons. m.,6e,g.,1905
do
lnc.& 1. gr.,7s 1915
Union * Tltusv. 1st m. 7s, ’90.
United N. J. cons. m. 6s,’94..
Warren & F. 1st m.7s, ’96
West Chester cons. 7s, ’91
West Jersey 6s, deb.,coup.,’83
do
1st m. 6s, cp.,’95.
do
1st m. 7s, *99.
do
cons. 6s, 1903
Western Penn. RR. 6s,cp.1899
do
Gs P.B.,’96.
40
"7*
'30*
Chesapeake & Delaware
Delaware Division
Lehigh Navigation
34
7s, 1893*
do
7s, coup, off,’93
Phil.* K.Coal* Iron aeb.7a,92
do
•
deb. 7s. cps.off
do mort., 7s, 1892-3
Phila. Wllra. & Balt. 6s, ’84....
Pltts.Cln.&St. L. 7e, cou.,1800
do
do
7s, reg., 19<’(
Shamokln V.* Pottsv.Ts, 1901
Steuhenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st in. 7a 1907-...
Sunb. Haz. & W.,lst m.,5s,’23.
Sunbury & Erie 1st m. 7s, ’97..
Norfolk water, 8s
15*
pref.
West Jersey
conv.
106*
71*
BALTIMORE.
Catawlssa 1st. js. conv
1C9.
no
do
chat, m., 10s, ’88
new7s 1900. ...
do
113*
Connecting 6s, 1900-1904...... m
Bid.
Vermont & Canada, new 8s..
Vermont*Mass. RR.f 6s
125
25
32
pref
do
Catawlssa.....
ao
....
Chesap. & Dela. 1st 6s, rg.,’8€
Delaware Division 6s, cp.,’78.
railroad stocks.t
Camden * Atlantic.
ao
ten. m.
CANAL BOND8.
exempt, rg..& coup.
Camden County 6s, coup
Camden City 6s, coupon.,,...
do
7s, reg. & coup.
Delawure 6s, coupon
Harrisburg City 6s, coupon..
do
Cam. &
QUOTATIONS IN BOATON, PHILADELPHIA AND OTHER CITIES.
SECURITIES.
10W
639.330.131
737.534,533
522,899,382
603,877,203
625,650,183
19,353,090
122
7s, str.imp., re«.,’83-86.
N. Jersey 6s, reg. and coup...
795,990,673
025,916.274
583.540.082
044,309,937
551.923,441
480,785,189
19.428.100
19,393, "00
19,342,300
90
759,515.331
530.48 5.032
lw.381,000
112
120
127
100
105
Belvidere Dela. 1st m.,6s,1902.
do
2d m. 6s. ’85..
do
3d m. 6b, ’87..
Camden AAmboy 6s,coup,’83
do
6s, coup., ’89
do
mort. 6s,’89
*
1st
Cam.
Atl.
in. 7s. g„ 1=93
do
2d m. cur. 7s, ie7*
616,148,241
607,558,981
711.472,517
452,751,881
19,620,0)0
19,572,000
19,525.800
19,483,700
19.463.500
19,477,600
19.430.400
100*
,io
CANAL STOCKS.
following
115
102
Allegheny County 5a, coup...
Allegheny City 7s, reg..
Norristown....
North Pennsylvania
Inc. $1,163,700
Inc.
11,300
102*
do
6s,old,reg ......
do 6s,n.,rg.,prlorto 95
do 6s,n.,rg.,1395& over
do 4s, various
222,000
180,000
:
00
Philadelphia, 5s reg
Nesquehonlng Valley
follows
108&
cons.m.6s.g.l. 1911... 100
71
6s, 1903
do lnip. m. 6s g., 1837... 100
(O
Ask.
~
do
PHILADELPHIA.
450,000
800.000
270 000
154,800
74*
116*
Worcester* Nashua
Bid.
SECURITIES.
Phil.* Read, scrip, 1882.
34
do
J.n. m.7s, cp,1896 52
do cons. m. 7a, cp.,191!.. 115
do cons. m. 7s, rg.,1911.. 115
22
107
121
27
123
Etc.-Continued.
Ask.
New York* New England...
Northern of New Hampshire 100
140
Norwich & Worcester
30.800
585.000
450,000
60,475,201 313,716,295 60,340,300 13,948,200 298,350,510 19,353.000
The deviations from
The
2,747,000
15.620,000
5,000,000
5,000,000
1,000,000
1,000,000
Bowery National
Total
3,332,000
9,493,.100
3.667.900
1,500,000
450,000
412,500
People’s
2,339.000
913.400
422,700
Chatham
4,75;:.100
9,339.000
8.^76.200
7,471,000
800,000
Tenders.
$
2,708,000
1,078,200
2,088,800
1,344.000
1.110,000
9,836,000
6.455.800
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
City
Merch’nts’
t
Net dept's
Legal
Specie.
PHILADELPHIA,
BOSTON,
"39
Average amount of
Banks.
[Vol. xxxu
105*
103*
103*
103*
103*
103*
103*
107*
100
100
I 07
107*
114*
115 '<
1049<
104*
105
103
September 18,
THE CHRONICLE
1880.]
301
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
U. 8. Bonds and active Railroad
Stocks
are
quoted
previous
on a
Ask.
Bid.
Alabama—Class A, 2 to 5
Class A, 2 to 5, small
Claas B, 5s
Class C, 2 to 5
...
68*
70
•
•
.
..
•
•
•
91
78
<8*
Arkiinsns—6«, funded
7«, L. Rock A Ft,. Wcnt.t. iss.
5
9
T
-
*
....
7s, 1890
or
Dubuque A Sioux
City
Frankfort A Kokomo
Harlem
Ind Bloom, A Western
Intern’l A Gt. Northern—
Keokuk A Des Moines
do
do
pref.
1st
ist
ist
ist
68*
66
ISO
5 75
547*
125
84
119
63
pref
266'
40'
Sinking fund
Climax Mining
Colorado Coal k Iron
Consolidation Coal of Md..
Cumberland Coal k Iron....
Deadwood Mining
Excelsior Mining
Gold k Stock Telegraph....
Homestake Mining
La Plata Mining
Leadvllle Mining
Little Pittsburg Mining ...
41
92*
94*
do
do
do
do
do
101
117
59
112
do
do
5c Sa
do
57
50
524*
110
122
115
115*
5 10
§36'
§5*
53'
*
k
19
„
„
§3*
56
....
29
28
*.... 113
43
41
93*
94"
.
*112
Sinking fund
Joliet k Chicago, 1st m...
Louis’a k Mo., 1st m., guar
2d 7s, 1900. 103*
do
Bt. L. Jack, k Chic., 1st m. 115
•
•
.
••
•
111”
•
•
•
•
....
Miss.Riv.Bridge,lst,s.f,6s
Chic. Bur. k Q.—8 p.c., 1st m 108%
123% 125
Consol, mort., 7s
tioi*
5s, sinking fund
Chic. Rk. I.A P.-6s, cp.,1917 121
120*
6s, 1917, registered
100
Keok.A Des M., 1st, g., 5s.
118
Central of N. J.—1st m., ’90. 117
*
*
*
*
....
.
.
90
102
....
....
*107* 108
;
registere
*....
1120
108*
.
.
-
*
Virgina—6s, old
6s, new, 1866
6s, new, 1867.
5
5
5
1st
m.
108*
.,
no
114
....
constructs
....
114"
114
106%
HI*
107"
11*6
117”
•
....
•
2d mort..
114*
1st,
reg. *128
-
107*| 108”
106%: 107*
no*
.
107*
....
106%j
106
118
2d 7s, 1898
do
do
2dgtd.7s,’08
—
88*'
1
do
income.
Belleville A So. Ill., 1st m.
118*
f., 7s. *110*
+ And accrued interest,
....
Pur. Com. rec’pts,
1st mortgage, W.
77%
65
RR.-Mortg.7s of ’79.
T.AWab., 1st ext.7s,
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex coup
Vab.
11*0
,
-p-
lst.E.D
D
Burlington Div
1st pref. inc. for 2d mort.
lstpref. inc, for consol...
•
t
r
1st m., g’d
101
7s, equipment
112%
1st,
ex.
106
104
104
..
-
116
116
do
“li”
N.Y.AGreenw. L.—lst. s, n.
do
2d
New Jersey So.—1st, 6s. new
45
....
124*|
Hi
::::i
104* 104*
63* 64 )
113
105
)
>
Inc. 7.1899
jref. deben
2d
3d
pref. debentures.
do
47
65*
....
Tennesssee State coupons.
South Carolina consol......
Virginia coupons
do
consol, coupons...
j
these are latest quotations made this week.
•
•
•
•
»
•
•
89
20
85
115
no
•
•
05
60
no
72
34
•
•
• •
*000
69
11
7
<2
10
90
82
40
25
118
•
•
•
105
109
110
97* 100
100
110
113
116
41* 42
95
104
112
+ 115
+
+
10
40
10
20
90*
92
20
RAILROADS.
Ala. AChat.—llec’rs ctfs.var
Atlantic A Gulf—Consol—
Cent. Georgia—Cons, m., 7s
Stock
Charl’te Col.A A.—Cons., 7s
2d mortgage, 7s
Stock
East Tenn. A Georgia^-Os..
E.Tenn.A Va.—6s,end.Tenn
E. Tenn. Va. A Ga.—1st, 7s.
Stock
102*
«...
....
....
46*!
80
118
49
05
75
66*!
68*
40
•
108
STATES.
104*
£8*
Ho
....
«
«
(Brokers' Quotations.)
70
99
111
104
82
104
•
•
Southern Securities.
09*1
113"
81*
49*
....
.
76*
70
•
•
107
85
70
85
20
*15
101
St. Joseph A Pacific—lstm.
2d mortgage
St. Jo. A Western stock..
St.L. VandaliaA T.H.—1st m
2d mortgage, guar
South Side (L. 1.)—1st mort
Union A Logansport—7s.
U. Pac.—South Branch
•
102*
67*
Income, “ A ”
....
70*
•
114
103
90
104
102
87
30
no
70
00
10
5
35
do
2d mortgage.
Midland of N. J.—1st, new.
•
108*
105
....
Long Island—1st mortgage.
Mississippi Cent—lstm. 7s
2d mort., 8s
Miss. A Tenn.—1st m., 8s, A
1st mortgage, 8s, B
100% N. O. A Jacks.—1st m., 8s...
Certificate, 2d mort., 8s...
84* 85* Norfolk A Petersb.—1st, 8s.
118%
•
no
105
85
85
50
105
1. gr.,7s
....
—
•
111
•
•
18
2d mort
40
....
•
....
Indianap.A Vine.—1st,7s, gr
Kansas A Nebraska—1st m.
•
*97
•
•
06
90
2d mortgage
....
...
•
Indianapolis A St.L.—1st, 7s
135
135
•
•
45
102
....
Evansv. A Crawfordsv. -7s.
Flint A Pere M.—Hs, l’d gr’t
Consolidated 8s
Stock
Galv. llous.A H.-7s. gld,’71
Gr’nd It.AInd.—lst,7s,l.g.gu
1st, 7s. Id. gr., not guar...
117
117
105
108
100
L.S.AM.8.,7s.
109
Georgia RR.—7s
Gt. Western, 1st m., ex cp
0s.
104*
do 2d m.,7s,’93,ex cp 104
107
Stock
A Tol., 1st, 7s, ’90,ex cp.
A Col.—7s, 1st m.
Greenville
ilOO*
.A So. Ia., 1st m.7s,ex cp
7s, guar
Hannibal A Naples, 1st 7s
107* no* Macon A Aug.—2d, endors.
St.L. K.C.A N.R. E.A R.,7s
115
Mem phis A Cha’ston—1st,7s
Omaha Div., 1st mort., 7s 113
04
2d. 7s
Clarinda b., 6s, 1919
109
Stock
109*
St.Chas.B’dge,lst, 7s, 1908
-
-
•
62*
88*
84*
105*
Denver Pac.—1st,7s,Id. gr.jz
Erie A Pittsburg—1st m., 7s
Con. mortgage, 7s
70*’
i
Equipment bonds, 7s, 1883
Consol, conv., 7s
....
t No price to-day;
107*
•
109*
100
106
35
100
90
Bost. A N.. Y Air-L—1st m.
Chic.ACan.So.—1st m.,g.,7s
118
Chic. A E. 111.—8. F.c’y 1907
105
Income bonds
92* Chic. St.P.A M’polis—1st, 0s
102
Land grant income, 0s....
Chic.A Southwest.—7s, guar
112% Cin. Lafayette A Ch.—1st m
Cln.A Spr.-lst, C.C.C.AI.,7s
t
112
104
98
132
132
.
103
116*
So.Carolina—Con., 6s (good)
New irnp’t cons
64*
Texas—0s, 1892
M.AS.
110*
106
7s, gold, 1892-1910.. J.AJ.
7s, gold, 1904
105
106
J.AJ.
106* 108* Virginia—New 10-40s
Past-due Coupons.—
104* 108 j
102
123*
do
cons. coup.. 1st
do
cons, reg., 1st., *122
118
do
cons, coup., 2d.
North Missouri. 1st m., 7s
118%
do
cons. reg.. 2d .
120
Vest. Un. Tel.—1900, coup.
117*
Lonisv. A Nash.—Cons.m.,7s
1900, registered
2d mort., 7s, gold
304%
108
Cecilian Branch, 7s
112
Nashv. k Decatur, 1st, 7s. 111
INCOME BONDS.
L. Erie k West.—1st 6s, 1919 102
1
103
Laf. Bl.AMun.-lBt 6s. 1919
-2d m. 1907
95
Manhattan Beach Co. 7s, ’9ft
N.Y. k Man. Beach 1st 7s,’97 103
1
*.... 118
Marietta k Cin.—1st mort..
’98
<
1st mort., sterling
101
101*,:
Metropolit’n Elev—1st,1908
rnd’s Dec. A sp a. za
89*
do
2d 6s. 1899....
tnt. A Gt. Northern—2d Inc
Mich. Cent.—Cons., 7s, 1902 124
1st mort., 8s, 1882, s. f....
no*
...
•
•
RAILROADS.
Atch.AP.P’k—7s,gld
100
64
1909.
2d mort., 6s,
103*
102* 104
Cleve. k Tol., sink. fund.. 109
109*
new bonds.
do
116
Cleve. P’ville A Ash., 7s
119
Buffalo k Erie, new bds...
Buffalo k State Line, 7s.. *100
Kal’zoo k W. Pigeon, 1st.
Det.Mon.A T., 1st, 7s.’1906 *117'
Lake Shore Div. bonds... 120*
tf
.
....
....
tido"
114
77
0
•
(Brokers' Quotations.)
111*
119
0
•
93*
105'
t
int., 6s, accum’lative
•
88
83
Miscellaneous List.
112
A
08
107*
2d
'
72
*08
50
Peoria Dec A K’vll’e—Incs.
St.L.I.M.&S.—1st 7s,prf .int.
138
Pitts.Ft.W.A Chic., 1st m.
127
do
do
2d m..
do
do
3d m.. xl 19
Cleve.A Pitts., consol., s.f. 122*
115"
do
4th mort...
93*
Col. Chic. A I. C., 1st con..
do
2d con...
do IstTr’tCo.ctfs.ass. *93* 06*
do 2d
ass.
do
93* 95~
su ppl.
do 1st
do
St.L. Va.&T.IL, 1st g/Ts.W 115
....
*
99U 100
110% N. Y.LakeE.A W .lac. 6s. L977
Ohio Central—Inc., 1920.
....
....
*82* 83'
Ul.Cent.—Dub.ASioux C.lst
Dub. A Sioux C., 2d div...
Cedar F. k Minn., 1st m..
Ind. Bl’m k W.—1st, pref. 7s
1st mort., 7s. 1900
2d mort., 1909
Ind’s Decatur & Sp’d 1st 7s
Int. k Gt. North, ist 6s,gld.
Lake Shore—
Mich S. k N. Ind., s.
132"
*
106*
106*
registered...
107
115*
fund
2d mortgage
Arkansas Br., 1st mort...
Cairo A Fulton, 1st mort.
Cairo Ark. A T„ 1st mort.
108* 108%,
107% 1' 8* 1 It. L. Alton A T. H.—1st m.
2d mortgage, pref
105* 100*
do 1st, con., f, cp.,7s
do 2d,con..f.cp.,5s,6s
Han. & St. Jos.—8s, conv...
Hous.A Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
1st mort., Waco k N., 7s.
2d C., Main line, 8s
2d Waco k N., 8s
Inc. and ind’y, 7s
110
106
109
106
106
130
T
....
*
80
Registered
....
116
*118
32
*
6s, consol, bonds
6s, ox matured coupon.
6s, consol., 2d series
1st m., 6s, ’95, with cp.ctfs
1st m.. 6s, ’96,
118* 119*
do
Den. Div. 6s ass. cp.ctf... no%
06* 97*’
do
1st consol. 6s
108
Pacific RR. of Mo.—ist m. 1C7
110
2d mortgage
Income. 7s
1st m., Csirondelet Br...
97
St.L. A S.F.,2d 6s.class A.
77
do
8-6s, clasB C.
79
80*
do
3-6s. class B.
do 1st 6s,Peirce,CAO
do Equipm’t 7s, ’95
South Pac. cf Mo.—1st m. 103* 104
Texas A Pac.—1st, 6s, 1905.. *104
93
Consol. 6s. 1905
06
66*
Income and land gr’t. reg.
81
82
1st Construction, 9s, 1930.
110
.
47
32
BONDS.
AND
Registered. 8s
Collateral Trust, 0s..
Kansas Pac.—
119
*110
7s, 1907
STOCKS
Sinking
3*
40*
31
31
Funding 5s, 1899
_
120*
T.-^Cons.ass..i904^6
102*
119
....
Prices nominal.
111-
Ill
111
95" 95*
do
assent’d
Equipment bonds
1909
Am. Dock k Impr. bonds, *111
112
111
Mo.K.A
do
assented
2d mortgage, Inc., 1911...
Chic.Mil.A St.P—lst.8s.P.D *130
117
H. k Cent. Mo., 1st., 1890
2d mort., 7 3-10, P.D.,1898 116
1K.U! '«Yhile k Ohio—New m., 6s
1st m.. 7«. * g’ld.R.n..1902 HR
♦
.
102
109
do
1st m., reg
Huds. R., 7s, 2d m., s.f.,’8o *110
Canada South., 1st, int. g.
93*
Harlem, 1st m., 7s, coup.. *125
130
do
lstm., 7s, reg—
N. Y. Elevated-lst, 7s, 1906 111*
100
Nevada Central—1st m. 6s.
Ohio A Miss.—Consol, s. f’d 116
116'
Consolidated
;
2d consolidated
113*
103
1st m., Springfield div
91*
Ohio Cent., 1st m., 6s, 1920.
Peoria Dec. A E’ville, 1st 6s 100*
Pacific Railroads—
Central Pacific—Gold bds. 112
107
San Joaquin Branch....
*105*
Cal. & Oregon, 1st
State Aid bonds
*104*
iAind grant bonds
• •••'
Western Pacific bonds..1*108*
South Pac. of Cal.—1st m. 100%
Union Pacific—1st mort.. 112*
115
Jjand grants, 7s
103
98*
do
125*
Erie—1st mort., extended..
*104
2d mortg., ext’n 5s. 1919.
106*
3d mortgage, 7s, 1883
4th mortgage, 7s, 1880 —
in*
5th mortgage, 7s. 1888 —
120
1st cons, gold 7s, 1920
118
Long Dock bonds
Buff. N.Y.A E, 1st m., 1916 120
88
N.Y.L.E.AW.,n.2d,con.,6s
§n*
109
.
Ash.
6s, deferred
D. of Columbia—3'65s 1924
6s, 1887
6s, real estate
6s, subscription
N. Y. C. AHud., 1st m., cp.
115%
107
40
33
....
Adjustment, 1903
Lehigh k W. B., con., g’d..
class 2
class 3
Pennsylvania RR—
112"
City k West’n,lst 7s
106
Central Iowa, 1st m.7s, 1899 105
Chesap.A O.—Pur. m’y fund 106*
68% 69*
6s, gold, series B, int. def.
30
39*
6s, currency, int. deferred
Chicago k Alton—1st mort. *121* 123
106*
Income
Convertible
do
assented
000
•
2*
2*
Nash. Chat, k St. L.—1st 7s
N. Y. Central—6s, 1883
115%
118
*113*
Iowa
1st consolidated
do
assented.
....
Ohio—6s, 1881
6s, 1886
112
7s of 1871.
1st con., g’d.
Del.AIIud.Canal—1st m
1st mortgage, 1891
do
extended
do
Coup., 7s,’
do
Reg. 7s,’94.
51*
•
0,1
do
113
be.
115
Island—6h,coup.’03- 9
South Carolinar—
6s, Act Mar. 23, 1869.>
Nun-fundablo
>• **
Tennessee—6s, old
6s. new
6s, new series
Consol. 4s, 1910
Smull
119
120
31
31
115
§9%
Railroad Bonds.
Stock Exchange. Pi-ices.
Balt, k O.—1st Os.Prk.b.1919
Bost. H. k Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Minn.A St. L., 1st, 7s, guar
....
1868
do
do
*132* 134"
„
0,00
Special tax, class 1
106
Chic. A Mil., 1st
Winona k St. P.,
Mortgage
„
Silver Cliff Mining
Standard Cons. Gold Mining
•
•
107* no
102* 105
105% 105%
*100*
Del. Lack, k W.— 2d mort,
108
7s, convertible
120* 124
14
13*
pref
•
....
Pennsylvania Coal
do
0 0
....
0
New bonds, J. A J
do
A.& O
Chatham RIt
....
....
Montauk Gas Coal
173%
N.Y.AStraitsvilleCoal&Iron
Ontario Silver Mining
5 32*
Oregon Railway & Nav. Co. 5139
Quicksilver
0
•
do
2dm.... *114
121*
C. C. C. k Ind’s—1st, 7s, s. f
111*
Consol, mortgage
no
C. St.L. A N. O.- Ten. lien 7s
106% 110
1st con. 7s
99* :oo
560
Mariposa L’d k Mining Co..
do
do
pref.
Maryland Coal
Pullman Palace Car
•
*103*
83
49*
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining....
Central N. J. Land Imp
•
117
m.,
m.t
do
no*
American Coal
Boston Land Company
Boston Water Power
106
107
100
109
.'
Coupon gold bonds
Registered gold bonds.
510*
59
Wells, Fargo k Co
La C. Div., 1803...
Consol, bonds
Extension bonds
1st mortgage
Miscellaneous St’ks.
Adams Express
American Express
United States Express
m.,
int. bonds
Stonington
Terre Haute & Indianapolis
Texas & Pacific
do
do trust certif.
Toledo Peoria A Warsaw..
United N. J. RR. & Canal
Warren
*
Chic, k Northw.—Sink. 1
124
70
St. Paul & Duluth
do
•
*
111%
N. Y. Elevated
110
112
N. Y. New Haven & Hartf.
168
171
N. Y. Ontario & West.,pref.
Peoria Decatur k Evansv..
25' 26’
Pitts. Ft. W. & Chic., guar. 129
125
do
do
spec’l.
Pitts. Titusville & Buffalo.. §32
Rensselaer & Saratoga
§120
Rome Watertown & Ogd... §20%
do
•
*
.
MISCELLANEOUS
AND
I. k M\ 1897
I. k D., 1899
m., C. k M., 1903
Con. sinking fund, 1905..
2d mortgage, 1884
1st m., 7s, I.* D.Ext.,190 3
S.-west dir., 1st 6s, 1909
1st 5s, LaC. k Dav., 1919
1st So. Minn. div. 6s, 191(
109
546
Long Island
Loulsv. N. Alb. & Chicago..
Memphis A Charleston
Metropolitan Elevated
*
.
....
Railroad Stocks.
Central Iowa
do
1st pref
do
2d pref
Chicago & Alton, pref
Cln. Ind. St. L. & Chic
Clev. A Pittsburg, guar—
••
do
Funding, 1894-95
Hannibal A St. Jo., 1886..
do
do
1887..
RAILROAD
L., P
Burl. Cedar Rapids A No...
Cedar Falls A Minnesota...
•
•
Bid.
SECURITIES.
Rhode
Funding act, 1866
York—6s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
6s, do 1802
1893
6s, do
North Carolina—6s, old.JAJ
6s, old, A.A O
48
103
115
•
....
Ask.
.
Univ., due ’92.
New
...
L<~>nisi**oa—7s, consolidated
looo
«...
Bid.
SECURITIES.
N. Carolina.—Continued..
No. Car. RR., J. & J
do
A. A_0..
do
coup. ulT, J. Sc J
do
coup, off, A.& O.
....
0s, due 1889 or ’90
Asylum
7s, L. RP.B.& N. O. RR.
7s, Miss. O. A It. R. RIt...
r7ml new
Missouri—6s, due 1882 or ’83
0s, due 1886
0s, due 1887
os, due
Ask.
Bid.
SECURITIES.
par may
BONDS.
STATE
SECURITIES.
Prices represent the per cent value, whatever the
page.
f
50%
j
1st mortgage, 7s
2d mortgage, 8s
Northeast., S. C.—1st m., 8s.
2d mortgage. 8s
Rich.A Dan.—1st ccnsoI-,6s
Southw. Ga.—Conv ,7s, ’86.
Stock
S. Carolina RR.- ist m., 7s.
Stock »••••*••«•»•«> •••• •••«
7s, 1902, non-enjo' ted
Non-mortg. bonds
West Ala.—1st mor*.,
2d mort.. 8s, gua«*
r% »*ri
V
C*
—"t
—
8s....
.
107
111
96
105
98
42
05
100
113
90
115
100
100
100
100
110
113
08
107
101
43
102’
100 *
118
104*
105
105
102*
100
+99
36
105
106
127
108
109
114
100
38
107
110
182
112
111
117
103
102
110
127
117
106
107
100
105
110
10
85
40
114
114
Mu, 101
8
75
35
113
113
i No quotation uhu j; latest sale this wee k
»
THE CHRONICLE.
802
LOCAL
NEW YORK
Capital.
SECURITIES.
Stock List.
Bank
Companies.
[Vo I.. XXXI.
Insurance Stock List.
[Quotations by E. S. Bailby, Broker, 7 Pine Street.]
Price.
Dividends.
Surplus
latest,
dates. 5
at
u
Mark’d thus (*)
c5
Amount
Nat’].
are not
Bid.
Last Paid.
1878. 1879.
Period
Ask.
Par.
America4
Am. Exchange
Sowery
Broadway
Butchers’* Dr.
Central
Chase
Chatham.......
Chemical
Citizens’
-.City
Commerce
....
Continental....
Corn Exch’ge*.
Sast River
..
.
11th Ward4....
Fifth
Fifth Avenue*.
Fulton
Gallatin
German Am.*
German Exch.*
....
Greenwich*
.
Hanover
Imp.* Traders’
Irving
Island City*
Leather Manuf.
...
Manhattan*....
Marine
Market
Mechanics’
Mech. Assoc’n
Mech’ics & Tr.
M rcantlle
Merchants’.
Merchants’ Ex.
..
Metropolis'.
Metropolitan
8
?3k
3,000.000 1,619.300 J. & J.
6
6
5,000,000 1.415,000 M.&N.
10
11
>.
& J.
250,000 202,000
16
16
1,000.000 1,272.500 1. & J.
6
92 700 J. & «t.
300.000
7
7
434.800 J. & J.
2,000,000
3
300,000
74.100
6
6
450,000
189.800 j.& j.
100
300,000 3,38] 100 Ri-m’ly 100
6
1 76.400 J. & J.
6
600,000
10
1,000,000 1,483/Tu M.&N. 10
8
5,000,000 2,904.100 1. & J.
8
1,000,000 292.400 1. & J.
3k
10
10
1,000,000 .922,500 F.& A.
70 300 I. & J.
250,000
33k
100,000
16,100 I. * J
0
0
150,000
43,800 r. & j.
100,000
226.100
120
100
12
500,000 2.184.700 Q-J.
6
100 3,200,009 1.C81 300 1. & J.
6
7
30
600,000 379.800 \1.&N. 10
50 1,000.000
7
754.69(1 A.* O.
73k
75
750,000
81300 F.& A.
23k
100
5
5
60,80:)
200,000
May.
3
100
6 7,200
200,000
25
6
17 70.) vi.&N.
6
200,000
7
100 1,000,000
7
289,030 I. & J.
14
14
100 1.500,00) 2.069,200 I. & J.
8
50
8
500,000 15-88)0 T & J.
CO
3
100,000
7,500 J. & J.
441 800 J. &J.
It
8
100
600.000
8
7
50 2,050,000 1,105.800 F.& A
3
127.800 J. & J
100
400,000
7
73*'
5001000 295.000 I. & J.
100
8
8
25 2,000,000 1,032,100- J.& J.
4
2
76.40U M.&N.
50
500,000
41,800
2*tj
25
200,000
6
3
188.100 M.&N.
100 1,000,000
4
50 2,000,000
740,500 J & J.
63k
178.100 J. & J
50 1,000,000
7
100
300,000
41,900 1. & J
10
9
100 3,000,900 1,351,200 1. & J
12
77.8 0 J. & J. 12
100
100,000
5
5
100 1,000,000
60,700 M.&N
7
8
802.100 1. & J.
100 2,000,000
8
8
J.
100
200,000
47,300 F.&
88 500 F. & A.
8
100
300,000
73k
5
149.7(j0 J ffi J
100
750,000
166.900 1. & J
70
700,000
6 ■'.O- 0 J & J
7
30
240,000
10
8
25
183.100 1. & J
300,000
10
22 <,500 Q-F.
10
50
422,700
6
6
531.300 J. & J.
100 2,000,000
iOu
100
100
25
2-5
100
100
25
100
25
100
100
100
100
25
25
100
100
First
Fourth
German a*
•
*
■
....
»
r
*
-s
-
.
...»
.
..
People’s*
Pheulx
’80.
Jnlv, ’80.
ept. ’89.
juiy, ’80.
.
20! 1.000,000
50
119,6f 0
100 1,500,000
6t. '•icholas... 100
500,<00
Seventh a ai d. 100
300,000
Second
100
300,000
Shoe & Leather 100
£00,000
100
200,000
State of N. Y.. 100
800,000
Third
100 1,COM ,000
Tradesmen’s... 40 1,000,000
Union
50 1,200,000
West Side*....
100
200,000
•
•
•
.
.
.
M y,
8
6
130.400 I. & .1.
218,600 J. & J.
,
7! 1.9Q0 F.&A.
135 600
58,800 J. & J.
123 500 J. & J
173.2-0 J. & J.
40.300 J. & J
273,500 M.&.N.
192.000 J. & J
279 100 I. & J
711,tOO M.&N.
120,9.0 J. & J
.
.
105
115
,,,
.
6
.
.
80.10
City....
,
3
9
10
6
7
3
.
Eaglec
'80. 33k
iu y,
122
July, ’80. 7
July, ’89. 4
’79. 3
93
J my ,
Mav.
i
t
7
8
12
145
3-4
169
110
July, ’80. 3k
Ju y, ’80. 4
Aug., ’80. 2k
121
inly, '89. 4
139
Brooklyn Gas Light Co
Citizens’Gas Co iBklvn)
do
bonds
Harlem
25
20
2,000,000
1,200,000
1,C00
815,000
1,850 000
750,000
4,000,000
50
20
50
100
V r.
100
Jersey City & Hoboken
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
bonds
1,000
Nassau, Brooklyn
25
Va
100
10
Rcrip
2,500,000
1,000,000
5,000,000
1,000,000
1,000,000
Williamsburg
Var.
50
50
do
1,060
700,000
4,000.000
1,000,000
37 - ,000
125,000
466,000
1,000,000
1,000,000
100
100
1,000,000
1,500.000
New York
Peonlp’s (Brooklyn)
•
Bondi
Bonis
Central oi
York
.
1,000
...
bonds
Metropolitan, Brooklyn
Municipal
bonds
*
Municipal
.
.
Quar.
F.& A.
5
May, *80
■
30
7
3
'
1st mortgage
1,000
Broadway & Seventh av- St’k
1st mortgage
1,500,000 J.&D.
2,000,000 Q-F.
800,000 M.&N
100
200,000 Q-J.
100
400,000 A. & O.
10
1st mortgage
1,000
‘Broadway (Brooklyn)—Stock
Brooklyn & Hunter’s Pt.—St’k
..
1st mortgage bonds
300.000 .1. A J
500,000 J &J.
1,000
Bushwick Av. (B’klyn)—Stock.
Central Fk. N. & E. Mv.—Stock
Consolidated mort. bonds
100
100
1,000
Christopher & Tenth St.—Stock
Bonds
100
1,C0 0
1,800,000
Q-J.
1,200,000
6*0,0! 0
250,000
1,200.000
.1. & D.
F.& A
J. & J.
100
Q F
Dry Dook E.B.& Batt’ry—Stock
1st mortgage, consolidated
500&c
900,000 J. & D.
100 1,000,000 Q-J.
Eighth Avenue—Stook
1st mortgage
1,000
203,000 J. & J.
♦2d St. & Grand St. Ferry—St’k
100
748,000 0.&N.
1st mortgage
1,000
236,000 A.&O.
100
Central Cross Town—Stock
600,00(
1st mortgage
1,000
200,000 M.&N.
100
Houst.West St.& Pav.F’y—St'k
250,000!
500
1st mortgage
500,000 J * .1.
100 1,199,500 J.&J.
Second Avenue—Stock
Sd mortgage
1,000
150,000 &.«£ (J.
1.000 1,050,000 M.&N.
Consol, convertible
Extension
00&C.
200,000 M.&S.
..
.
,
'
2,100,000 Q-J.
1,000
Brooklyn City—Stock
'
100
137
200,000
Mercantile..
Merchants’
Montauk (Bkn)
Nassau (Bkiyn)
200,000
200,000
....
2009)00
200,000
National
N. Y. Equitable
New York Fire
N. Y. & Boston
New York City
2io;ooo
200JJ00
200,000
300,060
500,000
350,000
200;000
200 000
People’s
1
Phenix
•
*
300,000
200,UOO
200,000
200,000
Rutgers’
St. Nicholas
500,000
200,000
200,000
Star
Sterling
b;Lnk«i
Bid. Ask.
150,000
200,000
000,000
200,000
t
Standard
«
Bid. ASk*
Stuyvesant
Tradesmen’s....
United States..
Westchester...
300,000
250,000
300,000
'Wllliamsb’e C
250.000
t
.
14
10
20
20
20
20
173k 10-72
18
12
5
N’ne
18
25
1,159,661 12-50 13 40
20
506.418 20
10
72,970 14
10
15
91,889
15
137.2C0 15
10
70,602 12
11
73,739 12
15
10
20
20
20
20
10k
July. ’80.
10
20
18
20
July,
4
'SO. 5
June, ’80.10
Aug.,
120
100
195
190
185
195
120
’80. 8
Juiy. ’80.10
20
July, ’80.10
10
Aug., '80. 5
July, ’80. 5
11
55
July, ’77. 5
97
10
■Hily, ’80. 4
13-65 July, ’80.6-92 180
15
Apr., ’80. 73k 195
10
July, ’80. 3k 95
100
10
Ang.. ’80. 5
15
July, 80. 73k 120
8k July, '80. 3k 95
100
11
July, *80. 5
7
July, ’80. 6 105
144,427
145
5
io
10
10
July, VO.
926,950
14
22
July, *80. 5 T40
897,368 30
10
10
July. ’80. 5 110
124,467 20
30
30
July, VO. 73k 250
350,187 40
60
7
7
23,833 10
juiy. ’80. 3
132,682 20
173k 123k July, ’80. 5 130
100
10
20
July, ’80. 5
730,285 10
80
10
JO
'uly. ’SO. 5
43,714 10
130
10
10
July, '80. 5
1,366.888 10
50
10
2,244 10
33k Jan., ’79.
100
10
5
Julv. ’80 5
150,228 12
95
10
10
’80.
5
July.
74,418 12
60
10
8k Ju y, ’80. 4
11,179 13
130
10
10
Mar., VO 5
292,229 10
20
20
July, VO. 0 170
197,196 20
55
5
..-an., ’79. 5
5
7,817 10
Ju y. ’80. 5
no
14
16
115,730 20
10
Jul>, VO. 5 me
10
67,097 10
80
10
10
Ju,y, ’80. 4
12,480 10
13
July. ’80. 5
16
243,251 20
75
5
10
July, VO. 4
30,208 10
130
12
198,563 12
July, VO. 0
12
JO,
100
July,
’80.
5
10
140,812 20
145
20
July, *80. 6
20
2)1,480 30
Ju y, 80. 7
150
20
20
166,213 20
10
75
10
Juiy, ’80. 5
36,10 L 10
Ju
120
13
10
y, VO. 5
174,024 20
115
10
VO.
5
12
July,
103,650 18
155
20
20
July, 80, 7
168,505 20
10
100
July. VO. 5
102.5< 9 1'4
10
•)U y, ’80
150
15
20
5
318,877 20
12
14
Aug., ’80. 0 105
120,H20 17
50
N
’ne
11.882
N’ne 5
’80. 3k 60
19,809 10
12
11
Ju.v, VO. 7 155
1)70,973 12
8
110
10
VO. 4
Apl
112,83! 11
20
30
•■uly, ’80.10 205
409,080 20
Ju
12
108
12
y. VO. 6
95,537 20
‘20
180
20
Juiy. VO. 8
201,388 20
12
Jul
105
12
5
VO.
18
98,114
10
15
452,3-7 20
July, v.o. 5 120
10
75
10
July VO. 5
84,000 10
5
July’ VO. 3k 70
23,118 10
20
155
20
’80.
10
Ju y’
190,294 20
50
9
Feb-’ VO 3
10
—6,010 10
9T3 luly, VO. 6-23 125
170.301 12-35 0-23
105
135,014 17k 12k 12
July, ’80. 5
10
35,182 10
83k Aut , ’80. 33k 70
14
115
10
Ju y, ’80 5
143,3-2 16
10
100
10
94,865 20
July, VO. 5
12
11
221,374 16
July, VO. 5 120
10
10
122,964 10
Aug., VO. 5
20
20
t July. ’80. 10 200
437.314 20
•
•
•«
•
.
•
•
195
.
•
.
125
140
60
105
•
•
•
•
100
105
.•••
100
120
* p -a
145
115
•
•
-
*
70
135
170
90
135
*
t
•
«
ibo
70
141
.
...
..
.
120
*90
125
80
140
105
155
•••
•
*
1273k
ibo
109
160
120
70
....
July!
<»'
160
,
-
•
•
•
•
•
•
115
190
112
125
85
,
75
£Jk
•
-
•
60
130
no
80
•
•
•
•
-
'
.
•
175
no
(••••
Over all liabilities, including re-insurance, .capital and scrip,
Minni sign (—) indicates impairment.
Surplus includes scrip.
City Securities.
LQuotatioii3 by Danibl A. Moran, Broker, 27 Pine Street.]
1882
7
6
3
1897
1900
Jn y,
6
1900
105
34
ilO?
| 85
’80
Ik July. ’80
do
105
65
170
110
21
102
Ju y. ^O 100
July, ’84 103
102>j
Aug.. ’80 160
Nov., ’8 > 102
July, ’80 140
Apr., ’80j 95
11023k
Ju v, ’80! 90
uly, ’80 TOO
Dftr. 1902.1084
Aug. ’80
70
1M)0
100
119
no
Am., ’80
June,’93
July ’80
■iHil.. ’81
May, ’SO
Apr.,
’93
!
60
100
160
no
25
Nov.1901 :oo
July)
•1
uly,
Apr
May,
Sept.
,
’94
’80
’85
’88
’83
’77
’90
1870.
25
100
62
leu
09
97^
....1:75.
do
1865-6S.
Imnrdvementstock.... 1S69
Market stock
do
Ju’y, V0 IS
JMy.1900! 98
1888
..1853-65.
no
Dock bonds
July, ’80 105
188S
ArtW York:
Water stock
1S41-63.
Croton water stock.. 1845-51.
do
do
..1S52-60.
Croton Aqned’ctstock.1865.
do
pipes and mains...
do
reservoir bonds
Central Paik bonds. .1853-57.
2k July, VO
5
6
Prtob.
INTBRK8T.
Rate.
105
170
110
150
100
105
100
105
112
75
110
125
115
175
no
175
115
30
105
do
....18t9.
Consolidated bonds
var.
Street imp. stock
var.
do
do
var.
New Consolidated
Westchester County... ....
Consolidate 1
Asse3 meat
5
5
6
6
7
6
5
6
7
6
7
6
7
6 g.
6*
7
6 g.
7
J>
5
Months
Payable.
Feb., May Aug.& Nov.
do
do
do
do
do
do
May & November.
Feb.,May, Aug.& Nov.
do
do
do
do
May & November.
May & November.
do
do
do
do
do
do
do
do
do
do
January & July.
do
no
Quarterly.
May & November.
Bonds
due.
Bid. Ask.
1880
100
1890
100
18S3-1S90 164
1884-1911 106
1884-1900 112
1907-1911 118
1898
108
1895
115
1901
125
115
1898
1894-1897 127
1889
107
1890
115
1901
122
1888
107
1882
102
1896
115
1894
122
1920
107
102
1884
Brooklyn—Local lin ir’em’i—
Citv bends
do
Park bonds
Water loan bonds
7
7
7
7
7
6
6
7
..
Bridgebonds.i.,
Xaier loan. ..?
City bonus
Kings Co. bon<f8
Mlo
do
Park bonds
0
5
Bridge
•All Brooklyn bonds flat.
0
January & July,
do
do
do
do
QO
do
do
Jo
do
do
do
do
May & November.
«t
0
do
January & July.
do
do
1880-1883 !02k
18o3-lb9l|107
1915-1924! 132
1900-19241128
1904
19121129
1886-1902 T09
1881-18901102
1880-18831 iu0
1880-1883! 114
1924
1907-1910 116
O')
102^
-
[Quotations by N. T. Bebrs-, Jr., Broker, 1 New St.]
105
[Quotations by C. Zabeiskie, 47 Montgomery St., Jersey
City.]
102
100
.100 I 750,000 N1.&N.
M iy.
125
Sixth Avenue-HStock
1st mortgage
500.000 I. & J.
no
115
1,000
July.
100 2,000,000 Q— F.
Third Avenue—Stook
•
175
Aug,, *80 160
1st mortgage
J
J.
&
i
104
1,000 2,000,000
uiv,’90
106
100
Twentv-thtrd Street—Stock.
115
125
600,000! F. & A,
Aug.,’SO
l*t mortgage.
M av ’9i] 05
1,000
250,000:M.& *
112
♦ Tnis column
shows last dividend on stocks, but the date of maturity of bands.
.
Mech’ics’(Bkn)
’78
.
900,000 J. & J.
694,000 J. a J.
250,000
200,000
150,000
Republic
*
100
Manhattan
Mech.&Trad’rs
73k July, ’86
8
Ju e, Vfi
5
Aug., ’80
31% Aug., ’80
13k J u y. V0
33k May, *80
4
June, ’80
33% Jan.. *70
fl, 50 /,000)
150,000
28<k006
150,000
200,000
150,000
390,000
300,000
200,000
1898
Feb.
M.&N.
si. & N.
f. & J.
M.&N.
M.&N.
F.& A.
Quar.
Kings Co.(Bkn)
Relief.:
[guotatlons by H. L. Grant. Broker. 145 Broadway.]
Bleecker St. & Fult. Ferry—St’k
Last Paid.
23k Aug., ’80
234 Feb., ’80
A. & O.
M. &N.
2009)10
*
Var
,
750 000 hi. &N.
.
100
Var.
Var.
A. & ().
F.& A.
I. & J.
1. & J.
M & S
VI. & S.
200^000
North River....
Pacific
Park
Peter Cooper...
u.y, V0. 33k
July. ’8 i. 3
July, ’89. 5
Iu.y, ’89. 4
July, ’80 3
Slav, V0. 33%
Ju-y, ’80. 3 34
July. ’80. 314
M ,y. ’80 5
Juiy, ’80. 6
*
200’000
.
t
Niagara
1
Date.
if 0.000
500,000
.
&'■£. ’80. 334
Ju v, ’80.
107
July, ’80. 3
Rate.!
3,ooo]ooo
LorigIsl.TJknjt
Lorillard
Manuf.& Buvld.
1
11,1880, Tor the National
Amount. Period.
200.000
200,000
150,000
500/KX)
200,000
Lenox
City Railroad Stocks and Bonds.
Par.
200,000
Lalayette(Bkn)
Lamar.. .[
.
7
1 000,000
Knickerbocker
•
July, '80. 334
July, 'SO. 3 ~
iuly, ’74. 33%
6k Aug., *80. 4
126
8
6
1,000,000
Importers’* T..
150
.
German-Aioer.
Howard
314 127
'80. 3
July, ’»». 4
Ju y, ’80. 4
Erankliu&Einp
1509X>0
200,000
Irving.
SO
3
3Jk
5
’89. 3
200,000
204'000
Jefl'erson
May, ’89. 23k
July, ’79. 2k ICO
Tuiy.V-0
July, ’80.
July, *80.
July, >0.
200,010
Farragut
Hope
138
Ju v. *80. 334
118
July, '80. 4
July. ’80. 4
May,
Exchange
Hanover
Hotfman
Home
260
Ju y ’80. 3
July, ’80. 5
Aug., ’80. 3Jk 130
'300,009
200^000
—
Greenwich
Guardian
Hamilton
T
»
1,000,000
Empire City....
Germania
Globe
.
.
200,000
Firemen’s
Firemen’s Tr..
to
.
sooiooo
...
il7
78
250,000
..
Commercial
Continental., d
140
M av, ’80. 3
Mav, ’80. 3
8
10
8
80 3k
’80. 4
’80. 2Jk
'80. 5
2109XM)
Clinton
Columbia
2(0
July, '80. 3Jk iio
May,
A pi
Aug.,
May,
...1
Citizens’,
July, ’80. 5
3
....
1877. 1878. 1879.
509,510
70,593
421,286
310,1,-40
218,712
487,598
171,757
103,725
2,860
83,872
400.000
200,000
300,000
200,000
153JXK)
300,000
Bowery..'
Broadway
Brooklyn
July, '80. 3
7
3
.
Gas Companies.
do
3^
July, '80.
July ’76. 3
.
§ The figures in this column are of date June
and of date June 12,188J, for the State banks.
Ga* and
y,
American
+
American Exch
,
July, ’80. 4
1403k 144
July, ’80. 34$
Vug. ’80. 5
.
412.500
u
t
.
4
3
3
110
Scot. ’80.15
1700
July, ’80. 33k i 95
....
Republic
do
1
.
.
25
Produce*
Fulton
July, ’80. 5
■July, ’8>. 8
.
.
1880.*
Amount
Prior.
ia5
May. ’80. 3k 116
....
"
Dividends.
Surplus,
Ju y 1,
July, ’80. 3]k
.
Munav Lilli*..
Nassau*
New Y'er*
S. Y. Countv..
N. Y. N. Exch.
Ninth
No. America*..
"North River*.
Oriental*
Pacific-...
Park
do
Net
PI^AL.
COUPANIKS.
Jersey City—
Watei loan ciong..
do
1869-71
Improvement bonds
Bergen bonds
1868-69.
7
7
7
January & July.
1895
.fannary & Juiy.
J. & J. and J & D.
T89V91
January and July.
itoo
1C2
110
’05
i04
101
107
109
120
125
120
109
116
120
110
128
108
116
123
108
105
110
128
109
103
*
September 18,
303
THE CHRONICLE.
1880.J
surplus of earnings—$105,398—added to this year’s surplus of
$21,581, leaving the surplus of earnings now on hand, $8,830.
*
*
*
Our present floating debt is entirely for amount
expended in obtaining and completing the
AND
Montreal Portland
and controlled by
receiving interest
monthly
on all the money expended on that road. The present
The Investors’ Supplement contains a complete exhibit of the
floating debt is $313,008, to offset which we have good notes,
Funded Dtbt of States and Cities and of the Stocks and Bonds
on which we are receiving interest at six per cent, $319,006 36.”
of Railroads and other Companies. It is published on the last
Saturday of every other month—viz., February, April, June,
GENERAL INVESTMENT NEWS.
August, October and December, and is furnished without extra
charge to ad regular subscribers of the Chronicle. Single copies
%
are
STATE, CITX AND
-
•
CORPORATION FINANCES.
-
-
& Boston Railway, which is now operated
the Southeastern Railway, and we are now
.
sold at $2 per copy.
Arkansas State Bonds.—The
Chicago Tribune gives the fol¬
lowing statement of the debt of Arkansas :
AUGUST SUPPLEMENT.
Arkansas owed in 1874 a principal debt exceeding $12,000,The following is an index to all reports and items heretofore pub¬
000, made up as follows :
lished in the Investment Department of the Chronicle since the last
1. Old debt
$1,500,000
issue of the Investors’ Supplement; annual reports are indexed in
2. Funding bonds. ’69. ’70
1,900,000
blaok-faced type:
3. Other funding bonds,’70
:
1,208,000
216 4. Levee bonds
1,986,000
Am. Union Telegraph
258 Louisville & Nashv
258 Manhattan Elevated
1,200,000
Atlantic Miss. & Ohio
248 5. Memphis Railroad bonds
4,150,000
Marietta & Cincinnati
229 6. Other railroad bonds
Burlington Cedar Rap. & N... 228 Mariposa Mining Co
412,000
248 7. Sinking fund bonds
INDEX SINCE
Canada Southern
Central Construction Co
Central Iowa
Cliic. Burl. & Quincy.228,
Chicago & Northwest
Chic. R. I. & Pac
Chicago St. Louis & N. 0
Chic. St. P. M.& Omaha
44
258
228
259
239 259
218
259
Ohio&Miss
259
228
Flint & Pere Marq
229
259, 281
Galv. Houst, & Ilond
Grand Trunk of Canada
Great West’n of Canada
229
248
259
Greenville & Columbia
Hannibal & St. Joseph
228, 259
I*ake Shore & Michigan So.... 259
Louisiana Western
259
Louisville Cin. & Lexington
259
...
ANNUAL
8.
281
This debt has been disposed of as follows : The old debt,
with a million and a-half dollars unpaid interest, is held by the
United States, the Government having before the war
certain Indian trust funds in Arkansas bonds.
(4) The levee
229, 248
282
229
230
282
Pennsylvania RR
228
Philadelphia & Reading.. .230, 248
St. Louis Iron Mount.& So.
248
St. Louis & Southeastern
248
St. P. Miuneap. & Man
248, 281
230
Savannah & Charleston
Southern Pacific
248
....
248
Texas Pacific
Trunk Line
230
Freights..
230
Union Pacific
Wab. St. L. & Pac...216, 229,
230. 239, 259
283
Telegraph
Western Union
REPORTS.
year
ending June 30, 1880.)
RECEIPTS.
1880.
1879.
$228,463
.365,747
$191,276
294,477
9,500
Express
9,275
27,260
Rents
Interest
$657,547
113,405
Increase for 1S80
INCOME ACCOUNT,
1879-80.
$657,547
receipts
Operating expenses
Gross
431,408
$226,139
Net earnings for the year
From which has been
paid—
Coupons On 7 per cent bonds
Coupons on 7 per cent notes..;
Coupoi s on Massawippi 6 per cent
Dividend on stock, February, 1880
Dividend on stock, August, 1880
$98,000
8,610
24,000
bonds
by the Treasurer
.
38,592
51,456— 220,658
16,100
.-.
$21,581
105.399
Leaving a balance of
Surplus of earnings, as per last year’s report
$126,980
From which we have
Leaving
a
paid for 200 freight care
...
118,150
$8,830
surplus of earnings now on hand
The tonnage
Total number carried
Passengers carried one
156,934
mile
135,494
4,400,575
The opening up of
6,174,878
The President remarks in his report:
bnsiness on completion of the Montreal Portland & Boston
Railroad to Longueil, and the completion of the Southeastern
Railroad to Sorel, together with the contract made with the
Portland & Ogdensburg Railroad (Vermont division) in October
last, rendered it imperative on us to make a large increase to
our freight cars, in order to accommodate the increase of
busi¬
and in addition to the forty cars built at our shops, we
purchased two hundred freight box cars of the Wason Manu¬
facturing Company of Springfield. These cars have all been
delivered, and are*in service. We now find that our supply of
cars is not up to the requirements of the road.
These two hun¬
dred cars cost $118,150, and have been'paid for from the former
ness ;
of the
Boston City Finances.—The Finance Committee
Common Council, to whom was referred the reports and orders
of the Committee on Public Parks, made a detailed report of
the finances of the city, pertaining to its debt and the amount
which it can legally borrow under the Municipal
Act. The substance of the report was as follows:
$41,670,125
Gross funded debt of the city August 31,18S0
funded debt for water purposes
Gross funded debt for other than water purposes
Funds for its redemption and payment August 31,
Funded debt other than water debt, less means on
paying it
12,787,273
28,882,851
1880.... 11,541,479
hand for
17,341,371
-
Add the balance of improved sewerage loan authorized by
tlic City Council, but not negotiated
Add also balance which city has a right to borrow under the
one per cent clause of the Municipal Indebtedness Act—
1,038,000
914,618
$19,293,989
The valuation of the
assessors, was
issue for any
needed purpose, the net debt would be, as pre¬
financial year
ending April 30, 1881, as follows:
viously stated, $19,293,989. This would show an excess of
debt of $99,713. The sinking fund will be increased for the
sinking funds
571,000
100,000
$1,264,655
99,713
Estimated revenue from various sources
Total
$593,655
•
Deduct before-named amount
$1,164,941
the city could legally borrow
by the close of the present financial year under the three per
This balance shows the amount
cent clause of the act.
It
can now, as
previously stated, issue
clause for $914,618. Both sums
It will be thus seen that the City
bonds under the one per cent
amount
to
$2,079,559.
Council can pass the park order calling for $910,000, and
have a margin left at the close of the financial year of
559.
This amount the committee believes will be fully
one
Passengers
year—
consist
exclusively of items 7 and 8. The State, before proposing this
amendment, had already repudiated $8,500,000 of its debt; all
this amendment proposed was to repudiate $3,100,000 more ! ”
still
$1,169,of the Toad as compared with last year was—
1880.
1879.
] 36,115 realized, and may be materially exceeded by the sale of a lar^e
219,604
mile
13,670,452
8,574,448 part of the real estate now owned by the city, from which it
carried during the year as compared with last draws but little revenue. The committee reported orders
authorizing the City Treasurer to borrow $800,000 for the pur¬
1880.
1879.
TONNAGE AND PASSENGERS.
Total tons
Tons carried
debt
because 4 authorized by alien adventurers.’ This left the
of the State to consist of the items numbered 2, 3, 7 and 8.
The amendment voted on the other day directed the repudia¬
tion of the bonds named as items 2 and 3, and had that amend¬
ment been adopted, it would have left the State debt to
Amount raised present year by taxation, and payable Decem¬
ber 1, 1880
Estimated amount of interest to he collected on bonds or
$5,481
Interest received
bonds were repudiated by the Supreme Court as illegal. (5
and 6) The State Legislature repudiated all the railroad bonds
city, May 1, 1880, as found by the
$639,809,200.
By the Municipal Indebtedness
8,042
10,022 Act the city has a right to owe for other than water purposes
19,196 on net debt not exceeding 3 per cent of its valuation. Three
$544,142 per cent of $639,809,200 is $19,194,276. Assuming then that
the balance of the improved sewerage loan was issued, and also
the $914,618 specified above, which the city has the right to
18,1*25
17,300
Mails
invested
Gross
The annual report states that, after many years of discourage¬
ment from the continual falling off in the gross earnings of the
road from year to year, the company is able to report that the
gross earnings ©f the last year show-quite an increase over the
previous year, as will be seen by the following table :
Passengers
Freight
$12,677,000
.*
Total
44
Indebtedness
Connecticut & Passnmpsic.
(For the
261,000
Ten-year bonds, ’74
2P1
257
259
Nebraska
281
Delaware & Hud. Canal RR’s. 259
Delaware Lack. & West.. 210, 229
Frankfort & Kokomo
Mobile & Ohio
Missouri fowa &
New York City Finances
N. Y. Lack. & West
N. Y. Ontario & Western
N. Y. Wocdhaven & Rock
Northern Pacific
228
216
Cin. Tndianap. St. L. & Chic...
Cleve. Mt. Vernon &Del
Metropolitan Elevated
chase of 400 acres of land for a public park in West Roxbury,
and $110,000 for a park at City Point, South Boston,
the same to be denominated 44 public park loan,” and to bear
such rates of interest as the Committee on Finance may deter¬
mine. The whole subject was specially assigned for
tion at the meeting of the Council on September 30.
bonds for
considera¬
Indiana.—The Illinois Supreme Court
in the case of Dunbar
The lower court had
granted an injunction restraining the company from extending
its track, on the ground that the city ordinance granting it
right of way was void. It is believed by the company that the
Chicago & Western
reversed the decision of the lower court
and Valentine against this company.
last decision removes all obstacles* and it will at once go on and
endeavor to complete its track to Twelfth Street, thus giving
the Chicago & Eastern Illinois, the Wabash St.
Louis & Pacific
304
THE CHEONICLE.
|Voi. XXXI.
And the Chicago & Grand Trunk roads entrance to the business
mode of
Illinois Central and other railroads at Clark Street. The Illinois
Central road attempted to stop the workmen by
keeping loco¬
motives standing in the way. A posse of policemen was present
in anticipation of trouble. The police boarded an
engine, pulled
the engineer from his place, and started the locomotive in the
other direction.
In anticipation of a similar attempt to cross
its tracks the Lake Shore & Michigan Southern had an
engine
stationed on one track at the crossing point all day, but no effort
was made.
One by one the Western Indiana has succeeded in
road across the streets at any point to be selected
by the rail¬
road company within a given district is a
delegation
to the
railroad company of powers which can
granting the license or permission in question by City
portion of Chicago.
Councils, some more definite language would have been used
—The press despatch from Chicago, September 15, was as than that found in
either of these statutes. The Court finds no
follows: “ After a long and bitter fight in the courts and else¬ vital
objection to the ordinance on the ground that the route is
where, the Chicago & Western Indiana Railroad Company to¬ not defined with more
certainty.
day succeeded in getting its track down across those of the
It is insisted by appellees that permi ssion to construct the
only be exercised by the
City Council. With that the Court does not agree. The power
to provide for the location of railroads is conferred on
the
Council, but the duty of exercising it in all cases is not
imposed upon the Council. The law leaves to the discretion of
the Council the question as to the cases in which the
powers
shall be exercised.
It is also insisted that the ordinance is void for lack of
pre¬
vious petition of persons
owning
crossing the tracks lying across its line into the city, until now
only the Lake Shore tracks and a side track of the Chicago
property on so much of the
Rock Island & Pacific remain barring its way.”
street as was proposed to be used in the construction of -this
There was afterward, however, a disturbance, and under the
road. Insomuch as those parts of the streets which are crossed
direction of a city officer the tracks were torn up and the ties lie
between property acquired by the railroad
company for
piled up and burned.
The company’s counsel have begun railroad purposes this
objection is considered invalid.
proceedings for contempt against the Mayor, and argument
It is also insisted by appellees that the
provision that the per¬
will be heard September 20. In the meantime it is
supposed a mission granted in the ordinance is upon the condition that the
compromise will be effected.
railroad company shall permit any other railroad
companies,
—Since the Chicago & Western Indiana matter has assumed
not exceeding two in number, not
having at present any road
so much importance, and the
questions of law involved are of or entrance into the city,
use the track authorized to be laid
general interest, the following extract is given from the jointly with the Chicago to
&
Western
Indiana, is a delegation of
opinion of the Supreme Court. It is written by Mr. Justice the
power of the Council, and operates to divest it of some of
Dickey, and concurred in by Scott, Craig and Sheldon, Walker its charter
powers; and that, therefore, the ordinance is invalid.
dissenting. The decree of the Superior Court is held to be This position,
the Court says, is not tenable. A railroad com¬
clearly erroneous. Under the present laws of Illinois a railroad
pany has by law the right to lease the use of its tack to any
company organized under the general law of 1872 has authority other railroad
company. This provision, therefore, does not
to select its own route, lay out its line and construct it. This
confer upon the company any power
whatever, nor deprive the
j)ower, by necessary implication, carries with it the power of
city of any power. It is a burden imposed by the ordinance
fixing the terminal points. This power is subject to a limitation upon the railroad
company, requiring that it shall furnish ad¬
that the road cannot be constructed upon or across
any street ditional railroad facilities to the city of
Chicago by consenting
in any city without the assent of the corporation. This is the
to make arrangements with such other railroad
companies as
only limitation. If there be no other, it is obvious a railroad are described
in the ordinance for the joint use of their tracks.
company may, as a general rule, select its own route, fix its Counsel characterize the
ordinance as one likely, if effective, to
terminal points, lay out its route and acquire the
right of way bring great injury upon the city of Chicago, and to produce
and other property necessary for the construction of its road
evil to the public.
That, says the Court, is not a question for
on any and
every part of the line, whether within the city limits its determination.
The Court finds nothing on the face of the
or without them,
according to its own discretion, for this limi¬ ordinance rendering it vicious, nor is it
alleged in the bill that
tation is confined to the construction of the railroad
upon or any injury to the public is to result from its
passage. There¬
across streets.
fore, the decree of the Superior Court must be reversed and the
The suggestion that the mere existence of the
power pos¬ bill dismissed.
sessed by the City Council of Chicago to
provide for the loca¬
Delaware Lackawanna & Western—Wabash St. Louis &
tion, the grade and crossings of railroads within the city is a
Pacific.—Since the combination between the prominent capital¬
further limitation, is not looked on with favor
by the Court. ists of these two
The city possesses the power to act on this
corporations to build the new Buffalo line, the
subject, and its mere
existence can have no effect unless it is exercised
public has only been favored with rumors about the new work,
by the city. which it is
The City Council has no power to locate a railroad.
impossible to verify. It has been reported that the
That
power is conferred on the railroad company. The power of Wabash Company had determined to build a line of its own
from Toledo, or from a southern point on its line to Buffalo,
the city'is to provide for the location of the road
by the rail¬ and that a
road company, the only condition
banking house in New York wrould have the sale of
precedent being that the the
and Sidney Dillon have the contract for building
bonds,
assent of the corporation must be obtained before the
road can
lawfully construct its line upon or across a public street. Under the road.
But this report is apparently contradicted
the law prior to 1872 companies could not
by the Chicago
lawfully locate any Tribune, which
says : “A prominent railroad man who has just
part of their lines, or construct them within any city, or con¬
returned from the East says none of the surmises
demn private property for corporate
regarding
purposes’ within any city, the Wabash connection with
the Delaware Lackawanna & West¬
until the consent of the Council was first obtained.
By the ern Railroad at Buffalo are correct. He
says he had several talks
general law of 1872, however, that has been altered, and there with the Wabash
is no prohibition
directors, and from them he learned that it
against the location of the liner even across or
upon streets.
The prohibition relates simply to the' con¬ was their intention to build a new line trom Chicago to a con¬
nection with their Eel River Road, which will
struction of the road upon and across them.
bring them to
The Court holds that
railroad may proceed to condemn
private property within a city before the consent of the corpora¬
tion has been obtained to the
crossing of the streets. The law,
says the Court, does not provide the way in which the railroad
company shall proceed in acquiring its right of
way. Such
was the decision in the case of the
Metropolitan Street
Company.
=■
a
Railway
Under the present law, therefore, it is not
necessary
as a condition precedent to the location of
its line within the
city by a railroad company, or to the construction of its track
within the city on such parts of its
line, are not upon any
street, but it has power to condemn any private
property
within the city without any ordinance
being
passed
by the
Council giving assent to the construction of the
road upon or
across streets, or
providing for the location of the railway. It
is not necessary, however, to
go further into that point, inas¬
much as an ordinance has been passed
by the Council.
It is claimed, however, that the ordinance is
void, because it
fails to designate the precise line
upon which the railroad may
be constructed, and omits to
designate the precise point at
which the road may be constructed across and
upon the several
streets bo be intersected. The Court finds
nothing
in this objec¬
tion. The matter is left to the
Butler. It will take but 150 miles of new road to make the
connection. At Butler they will connect with the Detroit But¬
ler & Pacific Road, now in course of construction, which
brings
them to Detroit. From Detroit to1 Buffalo
they say they will
use the Great Western of
Canada, with which company they
claim to have perfected an arrangement by
which they can run
their through business over that road. This is not a traffic
agreement. The Great Western simply accords the Wabash
the right to use its track for its
through business to the East.”
Of the new road from Binghamton to Buffalo, it has been re¬
ported this week that, the engineers having completed the
preliminary surveys, Samuel Sloan, President of the company,
and Sidney Dillon, who expects to have the contract for build¬
ing the new line, together with a few other friends of the enter¬
prise, went to Binghamton to meet the surveyors, and with
them examine the route laid out for the
proposed road. The
Great Western Railroad of Canada, with which the new line
will be connected, has the right to use the International
Bridge
across the Niagara River, and that
will be at present the means
of connection between the two roads. The contract for a work¬
ing arrangement between the two companies has not been com¬
pleted, but its preparation has been left with the attorney
of the Lackawanna Company.
It has also been reported that
Mr. Sloan made a contract on Saturday for 30,000 tons of steel
rails, supposed to be for the new Lackawanna extension.
District of Columbia.—A telegram from Washington states
that the first Comptroller of tne Treasury decides that the
$1,250,000 Board of Audit certificates, which are fundable into
3*65 District bonds, shall only bear interest at the rate of 3*65
city, to show it has not been always customary to
strictly
specify the line. Railroads have previously been permitted
to per cent per annum, instead of 6 per cent, as claimed by
enter cities without defining the
precise track, and simply by holders of such certificates.
stating the district within which they might locate the line;
Elevated Railroads in New York City.—The arbitrators
and this practice has been so universal that it must
have been have finally made their
report upon
basis of merging the
known to the General Assembly
when the General Railroad Act Metropolitan and New York Elevated aRailroad Companies.
of 1872 and the City Incorporation Act of the same
year were Nothing whatever is said of the position of the Manhattan
enacted. Had the General Assembly intended to
prohibit that stock. The committee of arbitration were Mr. John A. Stewart,
discretion and judgment of the
Council. It is not provided that these
powers of the Council
can only be lawfully exercised on a line
precisely
defined. Con¬
sent may be granted by the
Council, if it thinks it wise to do so,
without specifying the precise point
at which the streets shall
be crossed. The Court here refers to a number of
ordinances
passed by the City Council granting railroads the right of
way
into the
.
.
September
President of the United States Trust
Company; Mr. H. F.
Spaulding, President of the Central Trust
Company; and Mr.
R. G. Rolston, President of the Farmers’ Loan & Trust Com¬
pany. Following is the text- of the award, signed by
arbitrators:
The subscribers, to whom as arbitrators lias been submitted by the
New York Elevated Railroad Company and the Metropolitan Elevated
Railway Company the question what are the comparative rates under
all the circumstances of the stocks of the New York Elevated Railroad
Company and of the Metropolitan Elevated Railroad Company to be
taken as a basis of merging with the Manhattan Railway Company,
under chapter 503, Laws of 1879, having heard and weighed the testi¬
mony presented by both companies, and having given due consideration
to the matter, decide that the comparative rate at which the stock of
the New York Elevated Railroad Company shall be taken is 110, and
that the comparative rate at which the stock of the Metropolitan Rail¬
way Company shall be taken is 90, as the basis of merging with the
Manhattan Railway Company, under chapter 503,Laws of 1879.”
The award is not final until it has been sanctioned by the
stockholders of the two companies, but it is considered a victory
The Tribune reports that the
for the New York Elevated.
examination of F. E. Worcester, Auditor of the Manhattan
all of the
“
to the amount of $4,500,000, payable Feb. 1,1910, principal and
interest payable in gold. The mortgage covers the entire prop¬
erty of the company, including about 1,500,000 acres of lana.
The proceeds of the sales of the lands are applied to the pur¬
chase of the bonds. The bonds are also further secured by a
sinking fund of 1 per cent, to begin in 1880. The annual in¬
terest on the bonds is $270,000, and the company’s net earnings
for the year 1879 were $818,000. The main line of the company
extends from Harrisburg, Texas, to San Antonio, a distance of
215 miles, with a branch opened March 10, 1880, to Houston, 10
miles long. The company’s capital stock is $6,450,000. The
directors are as follows : Messrs. Thomas W. Pierce and Peter
Butler, of Boston; Andrew Pierce, George F. Stone, J. J. McComb and T. T. Buckley, of New York; and H. B. Andrews, of
02877881
Company, before the Board of Arbitration showed that
for the nine months ending June 30, 1880, after paying
operating expenses and interest on bonds, the New York lines
earned a net dividend equal to 9*40 per cent a year on its capital
stock, and that the Metropolitan uompany during the same
period earned only 5 per cent a year on its stock. Mr. Worcester
testified that if allowance was made for the exchange of passen-
fers
the Chatham
Square
Junction, tothe10^
earnings
of thea year
New
ork atCompany
would
per cent
be. increased
while those of the
4 per
cent
Metropolitan Company would be reduced to
a year on
305
THE CHRONICLE.
18, 1880. J
the basis of the nine months’ business.
It
shown also that during July the Metropolitan did not earn
sufficient to pay its working expenses and interest on its bonds
was
San Antonio, Texas.
Galveston Houston & Henderson.—The Chicago Railway
Age reports the following as the stipulation entered into, under
date of August 21, 1880, between N. A. Cowdrey and John J.
Donaldson, Trustees, complainants, vs. the Galveston Houston &
Henderson Railroad Company of 1871, et at., defendants :
It is stipulated and agreed by and between the complainants and the
railroad company, defendants in the above cause, as follows, viz:
1. That the defendants will surrender and place the mortgaged
promises in the possession and occupation of the complainants.
2. .That the complainants will use and operate said railroad with good
iudgment, and according to thejbest of their ability, for the benefit of the
public, the mortgage creditors and the debtor company. That the com¬
plainants will advance such sum or sums of money, at a rate of interest
current rates prevailing in the city of Galveston at
the loan, as is now required, with which to build and
complete the bridge across the bayou at Houston and its approaches, to
pay the wages now due to the employees, and to pay the advance charges
for freight brought to this railroad from other roads, steamers or boats,
and such balances as may now be due to other railroads on traffic
account, and any other sums necessary to protect, use and operate the
railroad or property of the defendants. As security for their above
advances, the complainants are to have a first lien on income or earn¬
ings of the railroad company after paying operating expouses, including
not exceeding the
the time of making
by about $15,000, while the New York lines during the same
month earned a dividend of 6*72 per cent a year; that for
taxes.
twenty-eight days of August the Metropolitan failed to earn
3. The complainants will at all times account for their doings, receipts
interest on its bonds, after payment of working expenses, by and expenses, while in possession of said mortgaged premises, the rail¬
$13,897, while the New York Company earned during the same road and its earnings. They will account to the officers of the defend¬
company, or to the court, at the election of the defendant railroad
period a dividend on its stock of 6*36 per cent a year. The net ant
company.
earnings of the two companies since the opening of the Second
4. The complainants will restore the possession of said premises to
Avenue line to Harlem River (on August 16) to September 7 defendants whenever and as soon as the arrears of interest, the amount
due on account of the sinking fund, and any and all advances or loans
were stated to be: Of the New York Company at the rate of an
annual dividend of 5 30 per cent, while those of the Metropoli¬ made by the complainants are fully paid, which payments may be made
at any time by the defendants.
tan Company fell short of the working expenses and interest
5. It is agreed that the complainants may, or either of them, lend the
charges by $7,815. Since that time the traffic has increased on money above named and receive the agreed rate of interest for money
all the lines, but nearly in the same proportion.
Upon this loaned, as above provided for.
difference in the earning capacity of the two systems the friends
This agreement, which was ratified by the directors August
of the New York Company based their claims for an increased 28, will temporarily suspend proceedings in
the ease now pend¬
valuation of its stock.
ing against the company in the United States Court. The case,
The position of the Manhattan Company in the plans for a however, will remain on the docket, to be taken up and dis¬
union of the companies has not yet been filed. In the original
posed of as the parties may decide. The directors of the com¬
discussions of the subject, Mr. I^ield proposed as an equitable
pany hare voted to surrender it, and the question is to be sub¬
basis, New York 110, Metropolitan 90 and Manhattan 20. There mitted to the stockholders for ratification Oct. 1.
was a proposition that preferred stock should be issued for the
Lake and Canal Rates in August.—The Buffalo Commercial
two former and common stock for the Manhattan, but there
Advertiser
says: “ The month of August is usually rather
were said to be serious obstacles in the way of adopiing this
course.
When the arbiters were appointed they were asked to quiet in the lake and canal trades, as it falls between the mov¬
fix a basis for the merging of the two companies with the Man¬ ing of the new and the old crops. But this year the heavy
hattan Company, under Chapter 503, Laws of 1879. No author¬ movement of the early part of the season continued through
August. The following exhibit shows the average freight rate
ity is said to be given by this act for changing the capital on
wheat and corn from Chicago to Buffalo by lake, and the
stock of the lessee company. Stockholders of the Metropolitan
and New York Companies will not consent to the exchange of average on the same cereals to the East by canal, for the month
their guaranteed stocks for the stock of the Manhattan Company. of August in the years named:
Lake
Canal
On Thursday the directors of the New York Elevated Com¬
Corn.
Wheat.
Com.
Wheat.
pany held a meeting and voted to accept the award made by Tear.
Cents.
Cents.
Cents.
Cents.
the Board of Arbitration and to recommend its adoption by
5*0
9*4
4*7
9*2
6*2
5*7
11*8
10*8
the stockholders of the company. Josiah M. Fiske was ap¬
9*6
' 8*8
12*0
11*0
pointed a committee to confer with similar committees from the
6*5
5*0
10G
9*6
Metropolitan and the Manhattan Companies, in regard to the
3*1
9*0
2*1 8*0
2*5
2*2
8*1
7*3
best means of carrying into effect the provisions of the award:
2*2
1*8
5*8
5*3
A meeting of stockholders for the ratification of the award was
3*6
7*0
6*4
4*0
called for September 25.
>3*0
5*2
4*6
3*2
The following is the official statement of the earnings of the 1879
4*9
4*5
6*5
5*9
5*6
5*1
5*9
5*4
Manhattan Company for the month of August:
-Net
Per cent of
Little Rock & Fort Smith.—The stock and bonds have
Expenses.
Earnings,
expenses.
Earning 8.
been
placed on the Stock Exchange list with the following
Second Avenue.... $45,103
$34,873
$10,290
77*22
Third Avenue
03,588
90,522
58*74 statement. The stock amounts to $4,096,135 in shares of the
154,110
Sixth Avenue
81,572
37,081
08*75 par value of $100 each. The company is a reorganization of
118,053
Ninth Avenue
33,252
10,004
70*77 the Little Rock & Fort Smith HR. Co. in 1875. The road is
43,310
All lines
$301,242
$240,219
$121,023
00*49 situated in Arkansas, and runs from Little Rock to Fort Smith,
a distance of 165 miles.
The financial condition of the com¬
The fixed charges of the Manhattan Company for the month
pany
on
1,
1880,
was
as
follows :
June
are reported to be $215,854, and the net earnings fall short of
the amount, therefore, by $94,831.
Road, equipment and land, cost
$7,019,763
Capital stock issued (at par)
$4,096,135
2,647,500
Flint &Pere Marquette.—The Boston Transcript says: “ The Bonds issued
1,957— 6,745,592
recent decline of this stock from 24 to 18 (it sold privately as Bond scrip
low as 17) was due to the report from the West, at the time of
Balance against bonds in the assets.
$274,170
the sale of the road in accordance with the reorganization
ASSETS.
scheme agreed upon a year ago, that the common stock would
Cash assets after deducting floating debt
$37,979
not be issued until the preferred stock had received dividends Land notes on hand
514,612
300,000
for five successive years. This was entirely in error, for the Bonds not issued...
common stock is to be issued immediately in exchange for the
$852,592
purchasing committee’s certificates given some months ago to the $627,000 Arkansas State bonds, cost
127,774
old common stock holders. Dividends can be paid upon this stock
$980,366
whenever, in the judgment of the company, they have been
LIABILITIES.
fairly earned. But the common stock cannot vote until the
Notes issued and to be issued for past due coupons
562,115
preferred stock has received 7 per cent dividends for five suc¬
cessive years.”
Five months coupons accrued to June 1, five months’ interest
Galveston Harrisburg & San Antonio.—The New York
on coupon notes June 1
* 93,000
Stock Exchange Committee has admitted to the list the first
$325,251
Surplus of assets, June 1,1880
mortgage sinking fund 6 per cent gold bonds of this company
,
.
.
.
..
*
/
,
*
THE CHRONICLE.
306
The total amount authorized to be
issued under the mortgage
the mortgage being a first lien on the road,
equipment and land grant. The bonds are payable January 1,
1905, in Boston, with interest at the rate of 7 per cent per
The trustees are Messrs. C. W. Huntingdon and Geo.
annum.
Ripley. To meet the bonds when due, the company owns
867,0JO acres of land unsold and it also has over $900,000 stock,
is $3,000,000,
unissued.
Louisville k Nashville.—The following
circular
was
issued,
dated Sept. 4: “On the first day of October next, the Pensa¬
cola Railroad, Pensacola & Selma Railroad and Selma Division
Western Railroad of Alabama will be completely taken into
our system, and the jurisdiction of the general officers of this
company will be extended over these lines.” The Railroad
Gazette says of this :
“ The Pensacola Railroad is in operation
from the junction with the Mobile & Montgomery, near Pollard,
Ala., to Pensacola, Fla., 45 miles. The Pensacola & Selma
Selma, Ala.,
construction from that place
road, about 60 miles. These
(formerly the Selma & Gulf; is in operation from
to Pine Apple, 40 miles, and under
to a junction with the Pensacola
two
roads the Louisville & Nashville bought several months
from Mr. D. F. Sullivan, of Pensacola, who owned both as
purchaser at foreclosure sales. The Selma Division is the 50
miles of the Western Railroad of Alabama, from Montgomery
toJSelma, which this company lately leased with privilege of
purchase from the Central of Georgia and the Georgia Com¬
panies, joint owners of the Western road. These additions will
increase the system directly worked by 135 miles now in opera¬
ago
tion and 60 miles soon to be finished.”
The Louisville & Nashville Railroad
Company negotiated
$5,000,000 general mortgage 50-year, 6 per cent bonds, with
Messrs. Drexel, Morgan & Co. and Messrs. August Belmont &
Co., representing a syndicate. This sale of bonds was to enable
the Company to fund its floating drbt and supply it with the
means to purchase an addirionarequipment, which its largely
increased business needs. The bonds were all sold by the abovenamed banking houses within a few days after they were first
offered.
[VOL. XXXI.
Philadelphia & Reading.—The Receivers of the Philadelphia
Reading Railroad and Coal & Iron Companies have made a
proposition in regard to the overdue interest on the mortgage
bonds of the coal and iron company. An official circular on the
subject was issued Sept. 15, substantially as follows:
“The Receivers of the Philadelphia & Reading Railroad
Company, guarantors of the divisional coal land mortgage
bonds of the Philadelphia & Reading Coal and Iron Company,
will purchase the overdue July, August and September interest
and coupons of the following bonds, at the-rate set opposite the
names of the respective tracts in the following table, it being
understood and agreed to on the part of the Receivers that the
principal of all the said bonds, and all after accruing interest
thereon, shall retain priority of lien over the coupons and
interest so purchased:
&
When
due.
Name of Tract.
..July.
Erach*, Gray ami Wetherill
Eajde Hill, Itavensdale, Dilcamp and
West Flowery Field
..July.
A churl
rate per
Rate at
annum
coupon
will be
the
bonds, purchased.
6
7
on
7
7
Lee Lauds and Oak Hill
..July.
..July.
St. Clair
Jul V.
Locust Mountain Summit Imp. Co.
Mt. Carmel, Locust Mt. Coal Co... ..July.
McNeal
G lent worth
Hartman & Meyer
.Sept.
Catherine Groh
..July.
Tam aqua
..July.
/
7
.
7
rr
/
7
7
7
7
7
..July.
..July.
Minersvilie
Diamond.
Coal Hill
Gunkel 6c Branham
*7
7
7
6
v
..July.
Valley Furnace
“
As the Receivers
..July.
are
not yet
which
,
Amount
outstand’ g.
$229,000
166,000
552,000
6
6
5
5
5
5
5
285,000
265,000
379,000
179,000
209,000
13,000
401,000
5
4
4
4
4
4
4
G40.000
136,000
26,000
69,000
165,000
1,295,000
4
prepared to enter into any
permanent agreement with the holders of the
bonds above
mentioned, they propose the above plan as Receivers of the
guarantor company for adjusting the overdue coupons and
interest, without requiring or proposing at present the sur¬
render of any rights on the part of the bondholders beyond the
overdue coupon or interest. Bondholders desiring to accept
Memphis City Bondholders.—A press dispatch from Balti¬ the above terms will please make application to Samuel Brad¬
more, Md., September 15, says : “The Commission appointed ford, Treasurer, No. 227 South Fourth Street, Philadelphia,
by the Legislature of Tennessee to confer with the bondholders who will receive the coupons and assignments of the interest,
of the City of Memphis held a meeting at Barn urn’s Hotel this and
pay the rate above named in cash.”
mcffning and had a conference with the bondholders resident in
South Carolina Railroad.—The Receiver makes the follow¬
Baltimore.
The commission is composed of T. B. Turley, chair¬
ing statement for the five months ending June 1:
man ; J. R. Godwin, H. L. Brinkley and R. B. Snowden, accom¬
Earnings.
Net or Deficit.
Expenses.
panied bjT Judge John M. Lea and other prominent citizens of January
$123,160
$63,145
Not. '$60,015
Memphis. After a consultation with the commission in regard February...
115,064
88,048
Net. 27,016
to the ability of Memphis to meet her bonded obligations, the
• March
94,591
70,797
Net.
23.797
Baltimore bondholders adopted a resolution to appoint a repre¬ April
66,235
70,258
Def.
4,023
58,112
76,562
Def. 18,450
sentative to act in conjunction with a representative appointed May....
by the New' Fork City bondholders to examine and report upon
Five months
$457,165
$368,810
Net. $88,355
the subject; and William J. Walters was designated to act for
The gross earnings for the five months s how an increase over
the Baltimore bondholders.
The commission left this city this the same
period in 1879 of $66,233, or 16’9 per cent.
evening for New York to consult with the Memphis bondholders
of that city.”
Washington City Virginia Midland & Great Southern.—
The argument in the Supreme Court of Appeals of Virginia, in
New York Lake Erie k Western.—The following is an session at
Staunton, in the case of the Virginia Midland Rail¬
official statement, of the operations of the Newr York Lake Erie
road, was begun on Friday. Eminent counsel are engaged,
& Western Railroad for the month of July and for the first ten
Judge Robertson, James Alfred Jones, Gen: Payne, of Warrenmonths of the fiscal year:
ton, and Wm. II. Biackford, of Lynchburg, appearing for the
MONTH or J CL Y.
trustees, and Col. Gordon, of Richmond, Va., and Francis H.
3879.
Increase.
3 880.
Smith,
of Alexandria, Va., represent those who oppose the
G-ro&s earnings
$1,273,532
$1,580,975
$307,443
Working expenses...
957,083
1.014,058
50,975 reorganization. The argument is upon an injunction obtained
by Mr. Gibert, of New York, who represents about $60,000 of
Net earnings
$315,849
$566,317
$250,407 tlie stock, to prevent
the trustees from disposing of the effects
OCTOHER TO JULY', INCLUSIVE.
of the road, in order that it may be reorganized. The trustees
1878-79.
1879-80.
’
Increase.
who desire to sell represent about $900,000 worth of stock.—
Gross earnings
$12,999,^04
$15,299,817 $2,300,513
Baltimwe
8unf Sept 13.
9,38 5,318
9,657,910
272,022
Working expenses...
•
Net earning
$3,613,986
$5,641,877
$2,027,890
New York k New England.—The following statement for
the ten months of the fiscal year—from October 1 to July 31 —
is x^resented by the Auditor, Edgar L. Kinsley.'
1879
November, “
December, “
October.
January,
1880
Expenses.
$140,372
126,235
124,929
3 24.079
33 2,904
Netearn’gs.
$60,128
47,476
183,700
120,665
146,446
219,890
136.782
205,056
3 33.734
59,023
37,253
83,108
73,323
$1,280,513
$558,899
Earnings.
$200,500
173,711
178,879
164.231
3 49,907
February,
“
March.
“
183.>-45
Apr.l,
“
“
“
“
3 79,688
May,
June,
-
July,
Total ten months
These
$1,839,43 2
114,362
53,950
40,3 52
37,003
69.182
earnings for the ten months are $6,689 gross and
The ex|->enses were 69 62 pvr cent of gross
$2,< 32 net ptr utile.
earnings.
Petersburg Railroad.—In the United States Circuit Court
for the Eastern District of Virginia, Judge Hughes entered a
decree in the suit against the Petersburg Railroad Comjiany.
By this decree the sale of the road is ordered, to satisfy certain
judgments obtained, the priority of which are specially set
forth in the said decree. The decree allows until January 17,
1881. for redemption by the company.
The terms of the decree
no: being complied with, it is directed that the sale be adver¬
tised for sixty days, and that the purchaser shall deposit
$10,000 as a jnedge of good faith. After the sale shall have'
been accomplished, the report thereof will be held thirty days
o r exceptions, after which time, if the sale is confirmed, the
ox d will be turned over to the purchasers.
The road extends
om Petersburg, in Virginia, to Weldon, N. C.
Western Union
Telegraph—American Union Telegraph.—
The New York Times of September 17 reports the following:
“The contest for supremacy at the. coming Western Union
election is becoming exciting,'and yesterday as high as one-
A
one per cent per day was offered for proxies.
short time ago several of the present directors of the company
sold large blocks of their holdings, expecting that the develop¬
ment of the new rival company would depress the price of
Western Union stock in the market, and enable them to buy
back at lower rates. These gentlemen, as it happened, have
been in favor of a vigorous policy of opposition to the American
Union Company, while in the Directory there are others who
have favored a working arrangement with the latter for the
eighth of
purpose
of maintaining rates.
Mr. Gould, who controls the
company, learning of what had happened, went quietly to
work at once securing proxies to be used by the friends of com-
new
Xiromise, and
succeeded, it is reported, in gathering
a
consider¬
well sustained, and the
speculative sellers found it impossible to buy, excejit at an enor¬
mous loss, in- time for transfer.
They accordingly Issued a
circular asking for proxies, and sought in every direction to
borrow other stock which they might deliver instead, paying
for its use from one-sixteenth to one-eighth of one per cent a
day until the date of closing the books. They would thus be
enabled to return their own (sold) stock to the persons from
whom they had borrowed, and at the same time keep it regis¬
tered on the books without change, thus retaining tlie full
voting power on election day. Whether they will succeed or
not is one of the questions that agitate Wall Street. Yesterday,
President Green, of the Western Union Company, issued
orders to the transfer agents to furnish no information regard¬
ing the books or stock to any xmrson without his signature/
able number.
Meantime, the stock
was
September
*
:
-
-
~
■ -
•glxe OTcmxMCvcxal jinxes.
Friday Night,
September 17, 1880.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week end¬
ing this evening (Sept. 17), the total receipts have reached 103.695
bales, against 61,117 bales last week, 43,032 bales the previous
week and 21,123 bales three weeks since; making the total
receipts since the 1st of September, 1880, 185,030 bales, against
120,907 bales for the same period of 1879, showing an increase
since September 1, 1880, of 64,123 bales.
The details of the
receipts for each day of this week (as per telegraph) are as
Friday, P. M..
COMMERCIAL EPITOME.
Sept. 17. 1880.
regular trade for the season has continued to make good
progress. The excitement attending the approach of the elec¬
tion for President of the United States has increased, and—
directly or indirectly—has had some influence upon prices ; but
the feeling in commercial circles is one of confidence and good
feeling. The weather, until to-day, has been quite autumn¬
like, and thu3 favorable to business ; but the crop reports speak
of excessive rains in some sections and drought in others.
There has been one continued decline during the> past week
in the provision market.
The market has lacked speculative
support from the West, and many lots held for “long” ac¬
count have been thrown on the market. To-day there was a
farther decline in pork, and sales.were reported on the spot at
The
,
follows
:
New Orleans
Port
in
concession.
Cheese and eggs are steady, and
only moderate supply.
Bio coffee has been dull
latterly and has fallen to 15%c. f0r
Fri.
705
2,858
1,763
1,009
1,237
1,801
9,373
43G
537
609
361
208
627
2,710
3,648
2,264
2,948
4,572
3,261
2.778
19.403
5,235
31,872
•
Brunswick, &o.
•
....
•
....
...
....
..
....
....
659
399
813
City Point, &o..
Totals this week 15,646 20.842
For comparison, we
New Orleans
Charleston
Port
13,999
44
44
3,196
Cl
61
2,204
12,041
2,525
2.525
....
....
....
2,117
481
....
2,041
465'
18,820
20,900 102.695
16,191
table showing this
totals for the corresponding weeks
continue our usual
Royal, &c
5,058
2,702
15,303
10,828
3.212
12,092
1876.
2,733
12,386
1,070
4,523
4,630
11,876
68
12
250
....
1877.
1878.
1879.
18S0.
9,373
2,778
19,403
Mobile
....
557
....
15,117
week’s total receipts and the
of the four previous years :
Receipts this w'k at—
....
287
....
....
....
....
653
74
1,904
2,830
3,543
....
490
....
....
1,774
1,283
....
....
234
....
....
Norfolk
.
465
....
3,260
2,835
....
•••l
4,242
....
....
1,299
372
294
Moreh’d City,&c
.
•
4,165
5,305
5,458
2,425
....
....
5,796
....
Galveston
Wilmington..
•
7,129
Savannah
Florida
a
Thurs.
Royal, *fec.
$15 50@$15 75; futures were
offered at
Wed.
...
for
altogether nominal at $15 25 asked
September ; October, $15 15@$15 20; and November, $13 95.
Bacon was quoted entirely nominal at
for short, and 8*60c.
for long clear. Cut meats, beef and beef hams, were very quiet,
and without material changes. Lard showed a material de¬
cline, with prime western sold on the spot at 8,20@8,17/£c. ;
for future delivery September options were sold at 8T0@S*15c.,
October 8T5@S*10c.,
November 8'10®8T2>ic., December
ST0@8‘07/£c., seller year 8,05@S*10c., buyer do. 8'22^c., and
January 8*12^@8,15c.; refined to the continent was quoted
8/£c. Butter was steady for the finer grades, but low qualities
lues.
Mobile
Charleston
Total.
Mon.
Sat.
Receipts at—
Indianola, &o...
Tennessee, &c..
were
307
THE CHRONICLE
18, 1880.]
8.924
....
the slowness of trade and a number of important
2,116
19,003
having a depressing effect; mild grades have also Galveston
48
589
312
337
Indianola, &o
been quiet and in buyers’favor. Rice has shown no change,
860
973
671
2,141
Tennessee, &o
2,582
and has continued to meet with a pretty good demand. Florida
33
192
36
44
879
572
2,088
Molasses has still been dull, and to a great extent nominal. North Carolina
1,879
3,321
3,257
594
2,278
6,430
Norfolk
4,313
12,041
Raw sugar has sold to only a moderate extent, as the sale of
569
87
159
1,572
2,525
refiners’ product has been slow, and their own importations City Point, &o
22,345
62,998
74,355
76,933
102,695
Total this week
have been sufficient for their wants ; prices have accordingly
shown a decline, and at the close 7%@7%o. are the quotations
39,913
147,594
126,090
120,907
Total since Sept. 1.
185,030
for fair to good refining, and 8@834c. for centrifugal. Refined
The exports for the week ending this evening reach a total of
has been dull at some decline, especially for soft grades; to-day,
50,511 bales, of which 38,757 were to Great Britain, 10438 to
crushed is quoted at 10/£c., powdered 10/£@10/£c., and granu¬ France and 1,296 to rest of the Continent, while the stocks aft
lated lO^c.
made ud this evening are now 183,003 bales.
Below are the
Kentucky tobacco has continued in brisk demand at generally exports for the week and stocks to-night, and a comparison with
firm prices, with the lower grades showing some advance. The the corresponding period of last season.
sales for the past week have reached the increased aggregate
STOCK.
EXPOKTKD TO—
Week
Same
Total
of 2,600 hhds., of which 1,200 hhds. for export and 1,400 hhds.
Week
this
ending
Conti¬
Great
for home consumption.
Prices have advanced to 5(g>6/£c. for
Week.
1879.
1880.
1879.
France.
nent.
Britain
lugs, and leaf has ruled at 7@l2^c., the lower figure showing Sept. 17.
For seed leaf there has been a moderate demand N. Orl’us
an advance.
2,330 84,716 10.766
10,394
8,684
7,710
at about former prices. The sales have been 700 cases Penn¬ Mobile..
3,036
4,592
21,804 12,921
4,531
sylvania, 1879, part at 16@22c.; 500 cases New England, 1879, at Charl’t’n
4,531
IKSHOc.; 533 cases Ohio, 1879, at 7@llc.; and 900 bales Havana, Sa van’ll.
35,631 16.393
5,282
5,282
at 82c.@$L 10.
The report of the Agricultural Bureau says : Galv’t’n24,122 19.844
“The returns of September indicate a decline in the general N. York.
34.31T
47,008
10,329
17,879
1.296
1,301
11,779
average of this crop for the whole country.
The condition is Norfolk1,913
8,085
84, a decline of 2 per cent since August and 3 per cent les s than Other*..
5,500
2,367 12,000
6,455
0,455
Bepteinber 1, 1879. All the States bordering on the Atlantic,
from Massachusetts to North Carolina, show an increase during Tot. this
15,026 138,003 104,775
50,511
1,296
week..
the month, but all the States west of the Alleghanies show a
33,757 10,488
decline since the same time. Indiana, with a small crop, has
the greatest decline, it being 23 per cent, and Kentucky, witli
2,516 II
83,009 10,687
!§j ^ r»i 27,93;)!
the largest crop of any State, shows a decline of 10 per cent Sept. 1..I
♦The exports thin weak under the head of “other ports” include, from Bal.
during the month. Missouri loses 6 and Tennessee 2 per cent more,
3,218 bales to Liverpool; from Boston, 1.115 bales to Liverpool; frost
during the same time.' There is a general complaint of drought Philadelphia, 2,122 halos to Liverpool.
in the Western States.”
From the foregoing statement it will be seen that, compared
Naval stores have sympathized with the Southern markets with the corresponding week of last season, there is an inoreaMI
and are now much higher, not from any legitimate inquiry, but in the
exports this week of 35,515 bales, while the stocks to-night
duo to speculative influences; spirits turpentine closed at 39^@ are 83,233 bales more than they were at this time a year ago.
40o., and strained to good strained rosins $1 50@$1 55. Petro¬
In addition to above exports, our telegrams to-night also glvft
leum has also advanced and shows much buoyancy ; refined, in us the following amounts of cotton on shipboard, not cleared, at
bbls., was sparingly offered at 10M@10%c. Crude certificates the ports named. We add also similar figures for New York*
have also advanced and close strong at 9ti}4e. bid. All metals which are prepared for our special use by Messrs. Oarej, Yala &
are firm though momentarily quiet.
Ingot copper rules quiet Lambert, 60 Beaver street *
at 18%c. for Lake.
Wool has continued quiet, and the advan¬
On Shipboard, not cleared—for
tage instill with the buyer.
Leawtnm
Savannah
fair cargoes,
31,872
18,820
arrivals
25,043
24,034
15,337
12,404
11.460
....
...
*
....
.
....
.
'
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
f
....
!
I
....
1
Ocean freight room
has reacted
a
trifle during the week
;
lower and weak, but to-day an im¬
provement and a fair business can be noted. The engagements
to-day included grain to Liverpool by steam, 5%d.; bacon,
30@35s., and cheese, 40@45s.; grain from store to London by
steam, 7d., and regular at 6d.; sack flour to Glasgow by steam,
22s. 6d.; refined petroleum to Bremen or Antwerp, 3s 9d.; do.
to the Continent, excluding Dutch ports, 4s.; do. to the Baltic,
5a.; naphtha to Liverpool, 4s, 3d.; grain to Marseilles, 4s. 9d.(o>
6s. l)£d.; do. to Antwerp, 4s. fid.; d>. to Cork for orders,
5a. l^d.r^as. 3d.; do. to cast coast of Ireland, 6s.; do. to Rot¬
terdam, 5s. l/£d.
rates
a
few
days
8kpt. 17, AT—
Great
Britain.
ago were
New Orleans
Mobile
Unarleateu.....
Savannah
Galveston
New York
Other porta
..
Other
France} Foreign
Ooast-
wis 0.
6,801
2,000
2,550
None.
None.
None.
None.
None.
None.
1,509
1,000
7,000
None.
2,509
700
126
3,000
7,835
5,500
3,000
None.
300
497
None.
None.
None.
2,000
6.417
Total.
StooJc.
13,278
21.433
2,600
5,050
11,017
1.993
16.754
24.981
13.105
7.300
39.703
5.00U
15,085
10.700
*
0,497 1 51.9 15 1 ‘13.01121
2.626
35,396 t 8.926
included in this amount are L,5eo bales at promos for foreign port**
the destination of which \\o oaunot learn.
To* '*)
*•
308
The
THE CHRONICLE.
following is
cotton at all the
date:
usual table
showing the movement of
ports from Sept. 1 to Sept. 10, the latest mail
our
P‘2
<5
*—■1-3
S3
to O
CD CD
RECEIPTS SINCE
SEPT. 1.
Iff. O rln 8
Great
Britain.
1879.
5,910
Bav’h..
8,696
4,877
15,815
24,413
Galv.*
16,319
5,702
11,100
15,402
N. York
53
582
Florida
28
314
N. Car.
Norf’k*
600
Other..
2,696
6,945
2,493
This yr.
82,335
Mobile.
Char’n*
-
France.
6,109
1,993
Stock.
Other
Total.
Foreign
....
....
....
....
5,301
....
5,301
9,720
20
....
?=©:
6,109
....
9,700
’
....
....
....
199
14,969
•
1,134
...
1,237
.
....
1,200
...
16,368
...
....
.
....
....
8,773
44,852
199
1,220
12,478
441
44
12,963
1,051 bales
to arrive.
were
the official quotations and sales for
are
The fol¬
each
the past week:
Sept. 11 to
Sept. 17.
Sat.
Ordin’y.#B>
815j6
NEW ORLEANS.
Mou Toes
9ii6
9«16
107j6
Sat.
>—
9iie
815,6 9116
9916
9Hi6
107,6 10‘ie 109.6
101116 lOpie 1013.6 1013.6 1010.6
11*16 11516 H5i0 11°16 11716
H716 11916 1191« 11916 U”l6
Middling... 11^16 111*16 Hi8!® 111*1.6 1115.6
Good Mid
121i« 123.6 12*16 123l0 125.6
Btr. G’d Mid 12°16 12716
12716 12<J6 129.6
MIdd’g Fan- 121316 1215.6 121816 1215.6 131.6
Fair
137,« 139.6 139.6 139.6 1311.6
Strict Ord..
Good Ord..
Btr. G’d Ord
Low Midd’g
Btr.L’wMia
9716
lO^ie
9916
..
Wed
Th.
Ordin’y.^8 lb
9*8
Oho
BtrictOrd.
95g
9»16
Good Ord.. 10716 10^2
Btr. G’d Ord 101316 107Q
Low Midd’g 11&16 1138
Btr.L’wMid
11*8
Middling...
JllV
111^16
11
78
Good Mid., 12*16 ,1214
fttr. G’d Mid ,127j6 12 la
Midd’g Fan- 1210J6 T3
Fair
139ir 135g
Wed
| Frl.
| 9^6
9ii6
95q
Middling....
9i8
,1138
9Ui6
109.6 10^8
1015.6 !n
U71C !llia
jH^
11
|
day of
'10^
;1078
11?8
12%
121a
:13
135s
i}ies
Wed
Th.
Ilia
1134
9^8
91,6
9Hi6 934
10916 105s
1015.6 11
11716 HLj
1111.6 11%
12
1
1230
131i6 13ie
1318
133i
12516
129.6
131.6
1311.6
1311.6 133i
$ lb.
U 1
12 5q
11°16 12
MonTnes Wed
SSg
87e
878
878
914
9ia
1030
1114
9ia
1030
1114
9ia
103s
1114
10
■1078
Fri.
123s
1258
1318
13%
9*8
Steady
Steady at
adv.
Steady
Steady
Ex¬
Con811 top.
600
704
342
100
3 49
247
Steady at i16adv
Firm
237
Total
1.983
daily deliveries
vious to that
on
The Sales
1,134
873
314
858
3,775
Spec- Tran¬
Total.
ul'Vn sit.
45
28
233
11L,
11%
331!
....
driven above are actually
which they are reported.
and
?r
-Sa*
crg.zTw
r*
CO
.
©
Sfg
£9: u
^p: £
It;: i
a
:
©•
•—
©
©
*ixO
©-loo
1 ® 10
123s
125g
13*0
1334
Th.
Frl.
815.6 8iB14
93.6
9?le
107.6 ,10<,6
115.6
115,6
FUTURES.
Sales.
m
.
W
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18,50 13,20
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to ©
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i-* *-*
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7* 7*
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12
Deliv¬
eries.
1,120 120,300
100
600
400
600
600
400
6,089 857,100
2,700
1,709 159,600
25
P*
P
11
994 69,000
979 149.100
....
33
105s
973 164.100
314 195,000
delivered the day
pre¬
Prices of Futures are shown by the follow¬
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales :
©.
©
@5.
M f- 'O
t
©
©X©
WX©
.
Includes 500 for Aug
©©©
10©©
ust, 1881, at 11*50.
Transferable
Orders—Saturday, 11*25; Monday, 11*35; Tuesday,
Thursday, 11*50; Friday, 11*75.
Short Notices for September—Thursday, 11*40® 11*^2.
11*30; Wednesday, 11*45;
The
*11
SALES OP SPOT AND TRANSIT.
port.
® -
cd
►POO
*—*
9%
MARKET AND SALES.
SPOT MARKET
CLOSED.
2.£S
3
P
to © o
rt
‘T3
.
-1A
X
Mon. Taeii
Sat.
1 11°,6 12
125,0 1238
12916 1258
Sat.
.
1134
105q
©
Ml-*
x 00
815,6 9116
91,6
9916
91li« 911 ,a
!°916 107.6 109.6 109,«6
1015.6 1013.6 1015,6' lOiB,.
11716 115.6 H716 u7,i6
H11.16 119.6 l-i;he nn,.
1115.6 111316 Hl°16 in5,®
125.6 123.6 125.6 125,66
129.6 127.6 129.6 129.6
131.6 1215.6 131.6 131.6
1311.6 139.6 1311.6 1311.6
9*8
934
•
Mr-*
to
©
9:16
911,6
Frl.
5=J)
P
^
S-oe
pj m
©d
r-1
-1
►-*
W
STAINED.
Good Ordinary
Strict Good Ordinary
Low Middling
Th.
*
M —*
o*
to
TEXAS.
Mon Toes
P‘3
-
4 i ?
h-»
UPLANDS.
r-P
CD
CD
P'CD
CD
~
a
66,424
speculation in futures has been quite active during the
past week, and prices show a material advance. The movement
for the advance has been caused by the continued and accumu¬
lating reports of bad weather at the South, bringing in its train
rust, rot, shedding, caterpillars and boll worms, besides delaying
the maturing of the crop (thus increasing
the danger from early
frosts) and checking the work of picking. There has been, too,
a good deal of speculative
manipulation, the important advances
of Wednesday and Thursday being preceded
by momentarily
lower prices.
The operators for the rise have been aided ma¬
terially by the presence of orders from the South and by pur¬
chases of " outsiders,” who do not
usually deal in cotton.
Liverpool has responded partially to our advance, and the south¬
ern markets are
materially higher. To-day there was a decided
advance in September deliveries, and a small advance for
October,
but-other months were irregular and
barely steady. Spots have
met with a moderate demand.
There was on Monday an advance
of £c. for white ant £@§c. for stained cottons.
Yesterday there
was a further advance of
l-16c, and to-day the market closed
firm at the same figures.
The total sales for forward delivery for the week are
857,100
bales, including
free on board. For immediate delivery the
total sales foot up this week 6,089 bales,
including 1,983 for
export, 3,775 for consumption, 331 for speculation, and
in
lowing
E-Ct>
CD -CD
46,271 154,590
The
the above,
®
O^JCDrt-
9,000
Under the head of Charleston is included Port Hoyai, Ac. under the head ol
Galveston is included Indianola, Ac.; under the head of Norfolk, is included Cit'
Point. &c.
Of
5*00 *
P*
p?:
pj.
*
transit.
w C3 rt>
p,MP-'ffc
p ©:
gags
2.S.®
P
*
......
....
t
?»«
2.P*P
o
n
to
p-r:
2,57*2
3,802
....
—
m
38,724
3,964
9,207
17,137
15,238
54,916
....
....
8,773
43,974!
Last ye ar
ȣ S'QD
P M ®
S5. p'
52.
EXPORTED SINCE SEPT. 1 TO—
3
»—
~cd
1880..
The
H
3
® a
Forts.
Bat.
Mon
Tues
Wed
Thurs
Frl
[VOL. XXXI.
following exchanges have been made during the week:
pd. to exch. 400 Dec. for Jan.
The Visible Supply
telegraph, is
as
of
follows.
| 500 Oct. for Jan.
Cotton,
as
even.
made up by cable and
The Continental stocks
of last Saturday, but the totals for
for the Continent are this week’s
are
the figures
Great Britain ar,d the afloat
returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Sept. 17), we add the item of exports
from the United States, including in it the exports of Friday only,
1880.
Stock at Liverpool
Stock at London
bales
Total Great Britain stock
Stock at Havre
Stock at Marseilles
8tock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
„
558.000
1879.
321.000
1878.
452.000
52,900
65,908
23.000
610,900
77,200
386.9^8
106,860
8,120
1.738
40.100
3.600
29.000
14,262
13,300
475.000
148,000.,
1,750
1877.
690,000
30,250
720.250
211.250
11.250
55000
2,400
16.649
16.000
5.500
31.500
29,272
41,500
36,750
12.500
60.250
September
THE CHRONICLE.
18,1S80.]
2,181
1878.
7.750
5.250
17,200
3,254
12,000
7.2 0
11,500
192,071
176,616
269,250
416.750
563.524
Stock in United States ports ..
Stock in U. 8. interior ports...
802,971
106,000
103,000
17,000
188,008
22,589
United States .exports to-day..
14,000
1879.
1880.
2,570
Stock at Rotterdam...
931
Stock at Antwerp
.
,
Total European stocks..
India cotton afloat tor Europe.
..
.
Amer’n cotton afloat for Eur’pe>
Egypt,Brazil,<fec.,aflt for E’r’pe>
1877.
11.000
744,250 1,137,000
u
175.000
159,252
44,323
4,619
104,775
11,093
-
155,000
34,000
23.000
20,000
4,000
109,351
14,665
American—
American afloat for
Europe....
,
United States interior stocks..
United States exports to-day..
356,000
108,000
103,000
187,000
98,000
326,000
209,000
405.000
308,000
44,323
188.003
22,589
104,775
20,000
109.351
14,665
34,000
108 009
11,093
14,000
8,276
1,500
—
Week
July
2
“
9
“
10
“
23
“
SO
“
“
India afloat for Europe..,
3,402
10
26,750
47.431
17
74,355
134,000
126,000
23,000
60,250
175,000
285,000
“
30,250
103.750
155.000
**
4,000
23,000
442,395
388,250
445,191
680,516
602,000
863,265
461,971
,' 791,597
4,057
Sept. 8
202,000
52,900
84,071
106,000
17,000
.
2,800
5,099
791,597
78,616
159,252
4,619
3,782
4,086
3,071
3,009
15,784
Stock at Interior Ports Rec'j)ts from FlanVnt.
1878.
1880.
8,017
27
863.285
65.908
13
1879.
5,949
5.287
20
“
680,516
East Indian, Brazil, <tc.—
1878.
Aug. 0
445,191
'
Receipts at the Parts.
ending—
887,586 1,068,766 1.465.285
rican and other descriptions are as folio ws
.
RECEIPTS FROM PLANTATIONS.
8,276
1,253,568
Liverpool stock
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations, of that part of the crop
which finally reaches the market through the out-ports.
1C8.009
1,500
....
309
3,032
3,272
2,503
3,945
17,057
14,070
10,091
13,148
10,859
8,982
8,091
8,390
4,843
4,875 21,123
13,920 42,082
30,054 ©1,117
70,933 102,095
_
1879.
1880.
1878.
19,075 22,386
18,033 20,091
15,494 15,528
12,527 14,410
75,103
71,950
11,005
8.340
13,000
13,019
49,031
4,384
3,045
1,243
1,119
2,149
41,507
410
0,238
11,477
35,473
6,909
6,503
0,979
18,971
7,463
29,804
7,301
14,503
27,702
21,770
25,550
2,549
5,400
10,378
20.377
28.890
38.094
9,508
60,198
50,002
1880.
802
10,988
1,335
10.917
2,154
4,989
8.019
3,828
2,059
8,028
1,890
829
898
2,067
2,787
19,021
80,090
4,718
30,130 10,217
50,423 35,010 04,897
81,761 80,200 115.239
The above statement shows—
1. That the total receipts from the plantations
1880 were 198,181 bales; in 1879 were 137,502
were
1879.
since Sept. 1 in
bales; in 1878
168,320 bales.
the receipts
at the out ports the past week
102,695 bales, and the actual movement from plantation*
115,289 bales, the balance being added to stocks at the interior
ports. Last year the receipts from the plantations for the same
week were 86,266 bales, and for 1878 they were 81,761 bales.
2. That
Total visible supply
Price Mid. Upl., Liverpool—
1,253,568
7aisd.
887.536 1,063,766 1,465,285
6318d.
6?ied.
figures indicate an increase in the cotton in sight to¬
of
night
305,982 bales as compared with the same date of 1879,
an increase of 184,802 bales as compared with the corresponding
date of 1878, and a decrease of 211,717 bales as compared with 1877.
In the preceding visible supply table we have heretofore only
included the interior stocks at the 7 original interior towns.
The above
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
were
Weather Reports
by
Telegraph.—In general
rain has fallen this week in the
in the first
part of the week.
much lew
South, and the rainy days were
Since then the weather has im¬
proved greatly, though a few correspondents complain of cold
exists, and we therefore make the fol¬ nights. At some points, however, and especially throughout
lowing comparison, which includes the stocks at the 19 towns Texas, rains are still excessive, and must work much harm un¬
given weekly in our table of interior stocks instead of only the less they stop soon. f
old 7 towns.
We shall continue this double statement for a
Galvestont Texas.—We have had hard showers on five days the
time but finally shall simply substitute the 19 towns for the 7
past week, the rainfall reaching two inches and forty-six hun¬
1878.
1877.
1879.
1880.
American—
dredths.
The thermometer has averaged 77, the highest being
405,000
187,000
326,000
Liverpool stock
bales 356,000
98,000
108.000
209,000
308,000
Continental stocks
84 and the lowest 72.
Crop accounts are less favorable. Cater¬
3 4,000
44,323
20,000
103,000
American afloat to Europe
108,009
188.008
109,351
pillars have entirely denuded the plant of foliage in all the
104,775
United States stock
26,377
38,094
15,104 southern third of the State, and
United States interior stocks..
23,896
injurious rains have fallen dur¬
1,500
14,000
United States exports to-day..
ing the week throughout the State, and much damage is feared.
870,113
457,994
692,228
807,102
Tota American
If no more rain falls, the crop will, however, still be as large ag
East Indian, brazil, etc.—
134,000
126,000
285,000
202,000
can be picked; hut
Liverpool stock
If it continues to rain, great injury will
65,908
23,000
30,250
52,900
London stock
result.
108,750
85.071
78,616
60,250
Picking
has
been
interfered with by the rain.
Continental stocks
175,000
155,000
159,252
106,000
India afloat for Europe
Indianola, Texas.—There have been showers during the week
4,000
23,000
4,619
17,000
Egypt, Brazil, &c., afloat
on six days, with a
rainfall of one inch and fifty hundredths*
602.000
388,250
442,395
461,971
Total East India, &c
692,228
457,994
870,113
Average thermometer 76, highest 88, and lowest 64 We are
807,102
Total American
having
too much rain, and it has interfered with picking. Cater¬
900,389 11,080,478 11,472,113
Total visible supply
1 ,269,073
These figures indicate an increase in the cotton in sight to-night pillars have stripped off all leaves, but if we could have dry
ef 368,684 bales as compared with the same date of 1879, an weather would still make a good crop ; otherwise the bolls left
increase of 188,595 bales as compared with the corresponding date will rot.
of 1878, and a decrease of 203,040 bales as compared with 1877.
Corsicana, Texas.—It has rained tremendously on five days of
At the Interior Ports the movement—that is the receipts the
past week, the rainfall reaching four inches and forty-nine
and shipments for the week, and stocks to-night, and for the
hundredths, and much damage is feared. Picking has been
corresponding week of 1879—is set out in detail in the following
interfered with, and no work can be done till the rains cease.
statement:
All streams are out of banks.
The thermometer has averaged
Week ending Sept 17, ’80. Week ending Sept. 19, ’79.
71, ranging from 51 to 89.
Receipts. Shipm'ts Stock. Receipts. Shipm'ts Stock.
Dallas, Texas.—There have been showers at this point on three
1,981
5,980
4,572
3,306
7,512
6,327
days,
Accounts from the interior are con¬
which still continue.
Augusta, Ga
1.612
2,577
1,525
3,396
1,706
2,790
Columbus, Ga....
flicting, but too much rain has fallen. The thermometer hag
1,670
3,318
2,429
3,224 j
2,907
1,232
Macon, Ga
1,293
2,677
6,553
4,116
2,829
7,114
Montgomery, Ala
70, the highest being 89 and the lowest 50.
The rain¬
averaged
3,932
3,605
1,815
5,886
1,757
That difficulty no longer
....
Selma, Ala
2,435
Memphis, Tenn..
1,581
4
720
114
7,337
71
682
29
200
1,017
415
190
Total, old ports.
21,412
14,533
22,589
25,104
19,705
11,093
Dallas,Texas
Jefterson, Tex...
Shreveport, La
1,657
1,646
387
1,871
1,972
73
38
500
500
911
400
1,046
1,171
226
988
443
162
1,969
1,510
1,695
1,935
1,623
416
258
589
277
1,916
1,677
1,132
182
Nashville, Tenu..
...
..
Columbus, Miss..
Eufaula, Ala.
262
42
501
74
Vicksburg, Miss.
1,503
...
Griffin, Ga..*....
Atlanta, Ga
Rome, Ga
Charlotte, N. C. *
fit. Louis, Mo
Cincinnati, O....
-
1,642
878
399
750
650
700
200
250
100
656
676
50
250
50
251
1,600
2,336
9,459
1,556
6 032
5,491
2,172
1,707
20,828
16,894
12,803
968
783
3,141
2,680
1,447
1,145
3,453
1,154
652
619
5,673
1,042
Total, new p’rts
13,412
13,014
15,505
Total, all.......
34.824
27,547
38,094
|
232
60
•
45,932 ! 36,599
23,896
year’s Azures estimated.
The above totals show that the old interior stocks have inreased during the week 6,879 bales, and are to-night 11,495 bale*
%ore than at the same period last year.
The receipts at the same
owns have been 3,692 bales less than the same week last year.
This
Receipts
from
the
Plantations.—The following table is
►repared for the purpose of indicating the actual movement each
reek from the plantations.
Receipts at the outports are someimes misleading, as they are made up more largely one year
fall for the week is
one
inch and ten hundredths.
days the past
week, the rainfall aggregating two inches and fifty hundredths*
We are having too much rain and picking is being interfered
with. ' Caterpillars in some sections have entirely stripped tha
plant of leaves, and dry weather is badly needed.
Average
thermometer 74, highest 85 and lowest 65.
Waco, Texas.—It has rained hard on three days during the
week, doing much damage and interfering with picking.. We
are having too much rain.
Average thermometer 71, highest
87 and lowest 69.
The rainfall for the week is two inches and.
Breriham, Texas.—It has rained hard on four
three hundredths.
has fallen during the past
depth of twenty-three hundredths of an
New Orleans, Louisiana.—Rain
week
inch.
on
two
days, to
a
The thermometer has
averaged 75.
Shreveport, Louisiana.—The weather daring the week hag
been cloudy and rainy, and roads are in a bad condition.
The
thermometer has averaged 68, the highest
est 53.
The rainfall has reached three
hundredths.
being 84 and the low¬
inches and thirty-two
Vicksburg, Mississippi.—It has rained during
of the past week on four days, and
the latter portion.
The bottom and
be poor.
the earlier part
has been clear and pleasant
top crops in
this section will
'
Columbus, Mississippi.—We
past week, to a depth of two
liad rain tlie first three days
of the
and three hundredths inches, but
has been clear and pleasant. Average thermo¬
meter 67, highest 7G and lowest 60.
Crops in this section have
been seriously damaged by late rains.
Little Rock, Arkansas.—Telegram not received.
Nashville, Tennessee.—It has rained slightly on one day the
past week, the rainfall reaching three hundredths of an inch,
and we have had a frost but not a killing frost.
The thermom¬
eter has ranged from 40 to 80, averaging 64.
Crop accounts are
the latter portion
[Vol. XXXI.
THE CHRONICLE.
310
previous months, we have the following com¬
parison between this year and last year:
those for the
•
1879.
1880.
States.
June.
N. Car...
S. Car...
less favorable.
rained at this point on two days
week, the rainfall reaching eight hundredths of an inch.
Crop accounts are less favorable and much despondence is re¬
ported, the estimates reaching fifty per cent damage. Conserva¬
tive opinions indicate for this district a decline of twenty per
cent from the July report.
Weather now fine and frost threaten¬
ing, which could still damage much. The thermometer has
averaged 60, the highest being 80 and the lowest 52.
Mobile, Alabama.—It has rained severely one day and been
showery four days, the rainfall reaching three inches and six
hundredths; but as the week closes there has been a favorable
change in the weather. The thermometer has averaged 73, with
an
extreme range of from 63 to 88.
Crop accounts are more
favorable, but much damage has been done by rain, worms, rust
Memphis, Tennessee.—It has
Georgia.
Florida
Alab’ina.
Miss
Louis’na
the past
.
Texas...
Arkaus’s
Teim....
Av’ge
Sept.
92
104
98
90
96
96
97
106
100
99
101
99
97
92
93
99
96
111
104
103
106
98
98
96
99
99
99
110
106
107
100
93
95
91
80
88
88
97
95
90
98
100
102
91
.
In this
July. Aug.
manner we
■
A v'gc.
June.
99*7
98*5
970
92*2
93*5
95 5
950
106-0
101-2
99-7
98
94
93
95
96
99
95
94
100
94 =
97-7
96
July. Aug. Sept. ArPge.
92-7
84-5
87-0
89*5
940
94-5
910
82-2
81
86
91
96
92
93
90
103
101
86
82
87
87
100
98
89
79
96
105
83
81
82
85
84
89
87
66
99
107
101-7
93
91
85
911
104
find that the resulting condition of
99*5
all the
States, except Tennessee and Alabama, is better than last year,
and the most of them considerably better. If we add to each
also, it would seem that on the first of
according
to the Department reports, the yield
September,
promised to be considerably larger than the crop just
the increase in acreage
marketed.
and rot.
Memphis Cotton Exchange
Report.—We publish below, in
Montgomery, Alabama.—The first five days of the past week
full, the report of the Memphis Department, received too late
we had light showers, the rain fall reaching thirty-one hundredths
last week’s Chronicle.
for
of an inch. The balance of the week has been clear and pleasant,
but with cold nights.
Picking has progressed finely since tlie
Memphis Department.
rains ceaseJ.
The thermometer has ranged from 57 to 83, aver¬
covers the Slate of Tennessee, west of tlie Tennessee River, and tlie fol¬
aging 70.
lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall.
/Selma, Alabama.—We had light rains on three days the Do Soto, Tunica, Benton and Tippah, and the Stale of Arkansas north of
earlier part of the past week, but the latter portion has been the Arkansas River. The report is prepared and issued by tlie Memphis
Cotton
Exchange, through their Committee on * Information and
clear and pleasant.
Statistics, composed of H. M. Neely, Chairman, H. C. Hampson, T. H.
Madison, Florida.—We have had rain on four days, but as the Hartmus, H. F. Rose, H. Furstenheim, \V. A. Gage and J. C. Johnson.
week closes there has been a favorable change in the weather.
West Tennessee.—41 responses.
The thermometer has ranged from 70 to 76, averaging 73. Much
Weather—A report weather for month of August as having been favor¬
damage has been done, and picking has been interfered with by
able, warm with seasonable rains; 37 unfavorable, of which 27 report
the storm.
excessive drought, 7 generally dry with light showers, 3 wet lirst week to
Macon, Georgia.—It has rained here on one day, but the rest ten days, balance mouth very dry, 3 mention nights having been too
of the week has been pleasant.
The thermometer lias averaged cold, 6 generally too cold. Compared with August, 1879—4 report about
Cotton fruiting—6 report fruiting well,
same, 37 much less favorable.
74, the highest being 85 and the lowest 61.
17 moderately well, 18 not well; 5 report retaining fruit, 36 shedding
Columbus, Georgia.—It has rained severely on one day the seriously. Crop condition—21 report good condition as to cultivation,
past week, the rainfall reaching one inch and ninety-two hun¬ 16 bad condition, 4 report very grassy, 1 reports too rank growth, 21
report serious rust and blight; as compared with July the condition is
dredths. 1 he thermometer has averaged 80.
26 per cent less favorable; aswith 1879, 21 per cent less favorable.
Saxannah, Georgia.—Rain has fallen on three days, the Picking dates—The average date of commencement was August 27th, a»
rainfall reaching one inch and thirty-seven hundredths; but the against Sept, lltli last year. Picking will be general by Sept. 8th.
rest of the week has been pleasant.
The thermometer has aver¬ Worm depredations—37 report no damage by worms, 4 report some bol l
worms, damage slight.
Damage by shedding, rust, etc—l reports no
aged 71, the highest being 79 and the lowest 61.
shedding of fruit, 6 report slight, 34 serious shedding from etfects of
Augusta, Georgia.—There have been light rains on three days, unfavorable weather and rust; average damage 23 per cent. Miscel¬
the rainfall reaching seventy-nine hundredths of an inch; but the laneous, see aggregate.
weather the rest of the week has been favorable.
Picking is
Norik Mississippi.—43 responses.
Weather—5 report favorable weather, warm with seasonable rains, 38
progressing finely, and cotton is being sent to market freely.
very unfavorable, of which 13 on account of excessive drought, 4 gener¬
Average thermometer 68, highest 80 and lowest 51.
Charleston, South Carolina.—It has been showery two days the ally dry with slight showers, 2 wet fPst week, very dry balance of
month, 19 too much ran, 3 complain of general cool weather.
Com¬
past week, the rainfall reaching eighty-one hundredths of an pared with August, 1879—1 reports more favorable, 6 report about same,
inch. The thermometer has averaged 71, with an extreme range 36 much less favorable. Cotton fruiting—18 report fruiting well. 8 moder¬
ately well, 17 not fruiting well, 6 report retaining fruit, 37 shedding
of from 61 to 83.
The following statement we have also received by telegraph, seriously. Crop condition—29 report cottou crop in good condition as to
cultivation, 10 in bad condition, 4 very grassy, 11 complaiu of excessive
showing the height of the rivers at the points named at 3 o’clock growth at expense of fruit, 11 serious rust aud blight; compared with
July the condition is 15 per ccut less favorable; with 1879, 12l> per cent
September 16, 1880, and September 18, 1879.
less favorable. Picking dates—Average commencement of picking this
Sept. 16, ’SO. Sept. 18, ’79
year, Aug. 28th; last year, Sept. 7tli. Picking will be general Sept. 9th.
Feet. Inch.
Feet. Inch.
Worm depredalions—20 report no damage by worms, 14 some boll worms,
Hew Orleans
Below higli-water mark
11
9
12
6
3 report army worm, average damage one-fourth per cent. Damage by
Memphis
Above low-water mark...
9
6
7
2
rust, shedding, etc.—2 report no damage, 13 slight shedding, 28 serious
1
Nashville
Above low-water mark...
9
111
loss; average damage 14 per cent.. Miscellaneous, see aggregate.
Shrevepoit
14
Above low-water mark...
9
4
Arkansas (north of Arkansas River).—48 responses.
Above low-water mark... Missing.
16
7
Vicksburg
Weather—14 weather favorable, warm with seasonable rains; 34
New Orleans reported below high-water mark of 1871 until
unfavorable,'of which 12 very dry, 2 generally dry with slight showers,
Sept. 9, 1874, when the zero of gauge was changed to high-water 3 wet first week, dry balance month; 17 report too much rain. Cemvmark of April 15 and 16, 1874, which is 6-10tlis of a foot above pared with 1879—13 report more favorable, 3 about same, 32 much less
favorable.
Cotton fruiting—27 report fruiting well, 9 moderately well,
1871, or 16 feet above low-water mark at that point.
12 not well; 18 report retaining fruit, 30 shedding seriously.
Crop con¬
Messrs. Kauffman & Runge, of Galveston, Texas, inform us dition—10 report very line condition iu all respects, 30 good condition
as to cultivation, 5 bad condition, 4 very grassy, 9 growth of plant
that the weight of the first 6,000 bales new Texas crop cotton too rank at expense of fruit, 18 report serious rust and blight; as com¬
with July, the crop is reported as being 15 percent les3favorable;
shipped by them to Europe shows the unusual figure of 547 pared
as with 1879, 9 per cent le-s favorable.
Picking dates—Average date of
commencement, Aug. 27; last year, Kept- 7th; picking will be general
pounds average per bale.
;
Samuel Blaisdell, Jr., & Co. inform us that the first seven by Sept. 10th. Worm depredations—41 report no damage by worms, 7
report appearance of boll worms, only one of whom reports damage (10
bales of the new Sea Island crop were shipped to their mills at percent as to him.) Damage by rust, shedding, etc—10 report no shed¬
ding of fruit, 11 slight shedding, 27 serious shedding; average damage
Chicopee, Mass., from Charleston, per steamer Atlanta. They by rust, blight aud shedding, 11 per cent.
aggregate—(132 responses.)
were raised on Edisto Island; grade fine.
The cotton was pur¬
1. Weather—24 report the weather for month of August as having
chased for their account by T. L. Witsell, Charleston, at 37c.
been favorable in most all respects; especially in seasonable aud not too
Agricultural Department’s Report for September.—The abundant rains. 109 report the ■weather as having been generally very
unfavorable, of which 52 report excessive drought; 13 generally dry
Agricultural Department at Washington has issued its Sep¬ with light showers; 8 wet lirst week to 10 days, balance of month
excessively dry, and 36 too much ram ; 3 complain of many cool nights,
tember condition report this week, and is in the following words: 12 that it ha* generally been too cold.
2.
Compared with August. 1879—14 report more favorable, 13 abont
The average condition of the cotton on September 1 is 91,
same, 105 much less favorable.
showing a decline of 11 per cent since the August return, but
3. Cotton fruiting—51 report forming and blooming well, 34 moder¬
an increase over the condition reported September 1, 1879, of
ately well, 47 not well; 25 report retaining fruit well, i03 report serious
shedding of forms and young fruit. On uplands the top ci.op is generally
6 per cent.
.
-
..
The State averages and decline during the month are :
North Carolina, 100—a loss of 6 ; South Carolina, 93—a loss
of 5 ; Georgia, 95—a loss of 8 ; Florida, 91—a loss of 5 ; Ala¬
bama, 86—a loss of 13 ; Mississippi, 88—a loss of 11 ; Louisiana,
88—a loss of 11; Texas,
of 11 ; Tennessee, 90—a
The complaints of too
97—a loss of 13
;
Arkansas, 95
—a
loss
loss of 17.
much rain, of rust and boll-worm are
very general.
Taking the above figures for September,
and adding them to
reported as almost entirely missing.
4. Crop condition—10 report very tine
condition, 80 good condition as
cultivation, 11 excessive grass, 31 bad condition (without explana¬
tion.) As compared with condition in July, it is represented as 15 per
cent less favorable; as With sumo time last year, 9 per cent less favox-
to
able.
5. Picking
dates—The reported average date of commencement is Ang.
27th; commencement last year, September 8th; average dato at
nicking will be general, September 9th.
6. Worm dettredations—107 ropesrt no material damage by worms, 25
report some boll1 worms; aggregate damage triftmg; 3 in Mississippi
report army worm; damage slight.
which
September
7. Damage by shedding and rust—13 report no damage by rust or
blight, 30 Blight damage, 89 very serious damage; damage reported is
from 1 to 50 per cent, averaging 16 per cent from rust, blight and
weather shedding.
8. Miscellaneous—In Tennessee and Mississippi the severe loss occurs
which is almost entirely lost; in the bottom
is much complaint of too rank growth of cotton
in the August or top crop,
lands everywhere there
of fruit.
Gunny Bags, Bagging,
at expense
Etc.—Bagging continues to be taken
very freely, and the market is ruling firm in tone, with prices
tending upward. The sales aggregate 3,000 rolls, at full figures,
and most holders are now quoting 10/£c. for 1% lbs., ll%c. for
2 lbs. and 12^c. for 2% lbs., but there are a few sellers who are
still willing to shade these figures. Butts have also been taken
more freely, though the demand is for present wants.
There
have been sales of 500@600 bales at 2%@2%c., as to quantity.
Holders are firm as to figures, and are now quoting 2%@27/sc.
for paper grades, while spinning qualities are
at
Daily Crop Movement.—
Comparative Port Receipts and
as
27/s@
quoted
3%c.
A
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of the
According to the foregoing, Bombay appears to show a decrease
compared with last year in the week’s receipts of 3,000 bales, and
a
decrease in shipments of 5,000 bales, and the shipments
since January 1 show an increase of 248,000 bales.
The move¬
ment at Calcutta, Madras, Tuticorin, Car war, &c., for the same
week and years has been as follows.
CALCUTTA, MADRAS,
Great
Conti¬
Britain.
nent.
1880
1879
1878
1877
Monthly
Receipts.
333,643
888,492
942,272
956,464
647,140
Sept’mb’r
October..
Novemb’r
Decemb’r
January
February.
.
447,918
March...
264,913
April
May
Auguflt...
158,025
110,006
88,455
54,258
67,372
Corrct’ns.
42,714
..
..
June
July
98,491
578,533
822,493
900,119
689,610
288,848
689,264
779,237
892,664
616,727
564,824
302,955
166,459
84,299
29,472
-
472,054
340,525
197,965
96,314
42,142
20,240
34,5G4
52,595
13,938
13,081
458
169,077
610,316
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
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
29,422
33,626
71,985
Pero’tage of tot. port
receipts Aug. 31
..
Corrections
Total port receipts..
00-01
01-21
01-61
01-72
00-28
100-00
100-00
100-00
10000
100-00
This statement shows that up to
1880.
4
2...,
“
3....
5,037
5,669
10,512
“
4....
6,474
"
5....
S.
“
6....
14,751
Sept.l
—
1,848
1,391
2,264
4,927
2,104
1,008
4,630
2,996
7,116
751
3,414
7....
9,315
8....
8,616
5,454
S.
“
9....
5,124
13,115
10....
11,096
10,862
11....
15,646
12....
8.
13....
20,842
15,117
13,999
16,191
20,900
“
“
“
“
14.,..
"
15....
“
16....
“
17....
Total
!
185,030
Percentage of total
pirt rec’ots Sept. 17.)
616
1,701
1,65 3
S.
3,085
1,398
3,108
1,061
2,521
2,459
7,341
4,378
4,858
7,636
7,069
0,258
7,982
S.
8,627
10,714
15,028
12,215
12,905
15,127,
10,425 j
5,083
109,595!
26,689
91,881
01-33
8.
I
i
!
00-61
3,137
8,923
4,783
7,752
6,035
7,899
8.
7,119
6,512
5,117
5,404
6,209
8.
57,010
69,435
1
i
01-36
01-72
BOMBAY RECEIPTS AND SHIPMENTS
Shipments this week.
Year Great
Brit'n.
......
i‘6bV>
Conti¬
nent
Total.
FOR FOUR YEARS.
Shipments since Jan. 1.
Great
Conti¬
Britain
nent.
■
Total.
Receipts.
This
Week.
.
355,000!483,000
1,090
1,000
0,000 249.0001341.000
2,0 0u
2,000 308.0001392,000
1,0001370,0001403.000,
.
833.000
51)0,000
700,000
7S1.000
2,000 1,079,000
785,000
5.000
2,000
1,00c
855,000
995,0(H)
the movement from
less than same week
therefore, the total
INDIA.
1878.
Since
Jan. 1.
This
loeelc.
Since
Jan. 1.
2.000
2,000
700,000
172,000
1,000 1,117,000
11.000
890,000
4,000
872,000
6,000
This last statement affords a very interesting comparison of the
total movement for the week ending Sept. 16, and for the three
India ports.
to date, at all
years up
*
Shipments.—Through arrange¬
Davies, Benaclii & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt.
The following
are the receipts and shipments the past week and,for the corre¬
sponding weeks of the previous two years.
Alexandria Receipts and
have made with Messrs.
ments we
Alexandria, Egypt,
Receipts (oantars*)—
No
This week....
Since Sept. 1
report.
Sept. 1.
Exports (bales)—
To Liverpool
To Continent
Total Europe
A cantar is
*
6,000
8,000
5,500
6.500
I
Since
This
week.
1878.
1879.
1880.
Sept. 16.
This
week.
250
604
1,400
954
1,400
Since
Sept. 1.
This
week.
Since
Sept. 1.
200
500
200
200
700
1,650
1,650
98 lbs.
Market.—Our report received from Manchester
to-day states'' that the market is quiet; prices are strong and
firmly held, but unchanged. We give the prices of to-day below,
and leave previous weeks’ prices for comparison.
Manchester
*
32s Cop.
Twist.
d. s.
6
9U©10
9^© 10*4 6
9 »6 3 10*4 6
d.
July
a
16
23
30
'ia)U)hi 6
9*8© 97s 6
13
20 .9*8© 97ti 6
it
6
27 9 *4 © 10
3
9*8 'a) 97s 6
Sept.
Ti
10
9*e® 97h 6
6
Aug.
*
9
f
a
•
1879.
1880.
8*4 lbs.
GolVn
Mid,
Shirtings.
TJplds
<
17
9*a© 978'G
d.
s.
7 *2® 7
7 *2© 7
d.
7*2
7*2 ©7
7*2 0,7
7 *2 ©7
7 *2'o/7
9
9
9
9
'S'7
©7
©7
©7
9
9
9
9
9
9
9
9
9
•
32s Cop.
Twist.
(1.
d.
(1.
s.
8*4 lbs.
Cott’n
Mid.
Shirtings.
Uplds
d.
s.
6 ©7
678
S^s o;9*4
5
6-hc
6l-he
Ol:jic
61-V;
71i«
8 *2 ©9 *8
8 34 ©9 *4
0
8:4'o/9‘-%
O
'”1G
878®9 !2
6
3
7
6
7J10
87t) J 9 *2
8 7s 0 9 *2
73 m
878©9*2
3
3
1>
8'U'o/Oq
8 34® 9 *4
6
6
6
6
6
4*e©7
1*2 0)7
1 *2 ©7
1*2 ©7
1 *2 ©7
©7
©7
©7
0 v
d.
d.
6
61»ig
O^ig
4*2
410
4 >2
6*3
4*2
4*2
6^
6
6**1*
OLV.
0*3la
69i6
66, fl
6
6
6
J
The Exports of Cotton from New York this week snow an
increase, as compared with last week, the total reaching 17,879
bales, against
Below we give our usual
13,470 bales last week.
showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exporta
and direcoon since Wept. 1, 1389, and in the lust column the total
for the same period of the previous year.
Exports of Cotton (bales) from New York since Sept. 1.1880.
table
Same
Week ending-
Exported to—
A uq.
25.
| Sept.
1.
Total to Great
Total
period
Sept.
Sept.
since
prevVus
8.
15.
Sept. 1.
year.
29,748
18,709
3,432 10,708 12,071 14,779
29,748
18,709
3,432 10,708 12,071 14,779
Liverpool
Other British ports
-
Britain
625
963
199
1,804
2,003
1,357
625
968
199
1,804
2,003
1,357
....
1,309
50
675
406
119
682
1,357
540
74
9 46
2 93
Total to North. Europe
1,309
50
1,200
1,296
2,496
Havre
Other'French ports
Total French
Bremen and Hanover
Ham bn i-°Of lipr noi-fa*
Spain, Op’rto, Gibralt’r,&c
All
6.000
129,000
590,000
300,000
Since
Jan. 1.
50,000
5,000
*
7,538
8.
!
02-46
8.
This statement shows that the receipts since Sept. 1 up to
to-night are now 93,149 bales more than they were to the same
day of the month in 1379 and 75,435 bales more than they
were to the same day of the month in 1878.
We add to the last
table the percentages of total port receipts which had been
received to September 17 in each of the years named.
India Cotton Movement from all Ports.—The figures
which are now collected for us, and forwarded by cable each
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
complete India movement for each week. We first give the
Bombay statement for the week and year, bringing the figures
down to September 16.
1390
1879
1873
1377
Total
3,761
3,223
3,116
3,021
3,928
279,000
300,000
172,000
838,000
279,000
1,000
p’rts.
8.
3,111
3,982
4,703
103,000
58,000
This
week.
Since
Jan. 1.
This
ivcek.
from—
a,064
1,380
1,731
1,407
8.
1,2 46
4,108
S.
“
«
S.
5,708
4,051
4,799
4,224
“
187-7
1,919
1,691
408
S.
3,490
1976.
1877.
1878.
1879.
80,000
197,000
114,000
79,000
1879.
1880.
Shipments
to alt Europe
Aug. 31 the receipts at the
more than in 1878-79 and
554,396 bales
656,027 biles more than at the same time in 1877-78. The receipts
since- September 1, 1880, and for the corresponding periods of
the five previous years have been, as follows.
ports this year were
3,000
99 72
98-23 '
98-3G
98-79
9999
3,000
199,000
EXPORTS TO EUROPE FROM ALL
5,001,672 4,447,276 4,345,645 4,038,141 4,191,142 3,497,169
Total year
5,000
2,000
Total.
follows.
as
1874.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
17,064
13,524
9,709
Britain.
shipments this week and since January 1, 1830, and for the
corresponding weeks and periods of the two previous years, are
All other
1875.
1876.
1877.
1878.
1879.
Conti¬
nent.
Great
Total.
1,000
4,000
2,000
Bombay
Beginning September 1.
•
Shipments since January 1.
The above totals for this week show that
the ports other than Bombay is 5,000 bales
of last year.
For the whole of India,
consequently added to our other standing
daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
since Sept. 1 has been as follows:
Yea)
TUTICORIN, CARWAR, RANGOON AND KURRACHBK.
Shipments this tceek.
Year.
We have
month.
tables a
311
THE CHRONICLE.
18,1880.]
nth
hi*
Total Spain,
&c
......
t)0
55
200
------
2 CO
11.986
......
......
-------
1
13.470:17,«7ii!
31,247
20,06a.
THE
312
The Following are the keceipts of
CHKONICLE.
Cotton at New York,
the past week, and sine*
Boston, Philadelphia and Baltimore for
September 1, 1880.
Receipts
front¬
This
week.
's. Orl’ans
Texas ..t
Savannah
Mobile...
Florida.
S.Car’lina
N.Car’lina
|
Since
1,380
3.843
2,4431
7,426
This
week.
Since
Sept. 1. week. Sept. 1.
583
583
8,255
Since
Sept. 1.
1,843
1,843
16
.
4,807
6,924
1,219
1,219
894
1,845
7,625
79
79
1,764
2,280
6,823
Virginia..
140
53
443
65
North, pts
Tenn., <fcc.
”328
Foreign..
319
372
619
503
1,615
1,655
372
263
2,777
846
955
23,644! 35,627| 2,423
3,222
528
718
Shipping
News.—The
4,905
5,421
493
1,067
latest mail returns, have reached
44,973 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
States the past week, as per
Total hales.
Egypt,
1,886
Celtic, 919
Wyoming, 2,575—Ganos, 2.486
Bothnia, 1,831
Hecla, 2,534
City of Brussels, 1,821. 14,779
To Havre, per steamers Canada, 602
Labrador, 1,202 .... 1,804
To Bremen, per steamers Habsburg, 262
682
Oder, 420
To Hamburg, per steamer Ciinbria, 540
- 540
To Rotterdam, per steamer W. A. Seholten, 74
74
New Orleans—To Liverpool, per steamer Historian, 3,300
3,300
Charleston—To Liverpool, per steamer Mark Lane, 5,301 Up¬
Ptolemy, 727
5,400 Upland
Savannah—To Liverpool, per steamers Gladiolus,
Euxine, 4,300 Upland
To Corunna, per bark Elvira Canimo, 20 Upland
Baltimore—To Liverpool, per steamers Prussian, 2,721
Cas¬
pian, 2,223
American, 1,047
Boston—To Liverpool, per steamers Istiian, 404
Pembroke,
182
Marathon, 165
Bulgarian. 830
Philadelphia—To Liverpool, per steamers Sicily, 500—Illin¬
ois, 703
9,700
20
5,939
1,581
1,203
44,973
Total
The
Tending
upward.
Steady.
7*8
7316
7*16
7316
7*4
7*4
Firm.
Sales
8,000
12,000
8pec.«fc exp.
2,00C
2,000
particulars of these shipments, arranged in our usual
follows:
5 P. M.
£(
Wk for n’r
mos.: firm
for late.
New York
New Orleans
Charleston
Savannah
Baltimore
...
Havre.
men.
burg.
1,804
632
540
14,779
3,300
dam. runna.
74
5,301
9,700
Boston..
5,989
1,581
Philadelphia...
1,203
Friday.
Dull
and
Good
demand
Easier.
easier.
freely met
7816
7516
7*8
7*4
10,000
1,000
7,000
500
Very
Quiet.
Firm.
weak.
The actual sales of futures at
below. These sales are on the
unless otherwise stated.
-
'516
10,000
2,000
7,000
1,000
Steady.
Steady,
offerings
free.
Liverpool for the same week are given
basis of Uplands, Low Middling clause*
20
Total.
d.
Delivery.
d.
Delivery.
Sept..."
Sept.-Oct
7^16
62t32
Oct -Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
Feb.-Mar
6^8
Mar.-Apr
61332@716
63s
G^s
6i332
:..67i6
d.
6133267i6
Mar.-Apr
6*832Apr.-May../.. ...6*2
Delivery.
Jan.-Feb..
Feb.-Mar
Monday.
Sept
Delivery.
7332 ^ *8 '3>33 2
Sept.-Oct— 01*i6®2332
Oct.-Nov
Nov.-Dee
Feb.-Mar
Mar.-Apr
6*2
6716
6*2
6*2® i"32
6916
Apr.-May
Delivery.
Delivery.
Sept
7*8
Oct.-Nov
Oct.-Nov
Nov.-Dee
6i"32
6io32
6*832
Sept.-Oct
Jan.-Feb
...6*2
6iijs.
6716
6H32.
Nov.-Dee
Mar.-Apr
6916
Apr.-May
69,6
6*932 ^sept
Dec.-Jan
7332
Mar.-Apr
Apr.-May
Sept
7*16
67i6.
Tuesday.
Delivery. v« "ygg
6^8
62i32 May-June
6*832 Sept
7i32l
62132.
6H10 Sept.-Oct
Delivery.
Delivery.
Sept
7*85)332 May-June
8ept.-Oct
6 % 3>2332 Nov.-Dee
Oct.-Nov
69jL6® ,732 Sept.-Oct
6*2
6*2
6*2
Nov.-Dee
Dec.-Jan
Jan.-Feb
Mar.-Apr... .6*932@916
Oct.-Nov
Nov.-Deo
6*2
6*832
Oct.-Nov
Nov.-Dee
Sept
7ii6
6716
Mar.-Apr..
Apr.-May
Nov.-Dee
7*32®7
62i32
61532®7lfi
6i332
6%
Sept.-Oct.
63s
Jan.-Feb
61&32
6i332;
6i732
69’1(5
Wednesday.
Delivery.
Sept
Sept.-Oct
Oct.-Nov
Jan.-Feb
G^
Apr.-May
Delivery.
Delivery.
Sept
Sept.-Oct
7132
62i32
Oct.-Nov
Dec.-Jan
615.32
Sept
7ii6
61*16
63s
Sept.-Oct
Oct.-Nov
6*2
Nov.-Dee
Dec.-Jan
67is
Mar.-Apr
Apr.-May
67i6
6*251*32
6**ie,
Thursday.
Sept
Sept.-Oct
Oct.-NoV
Nov.-Dee..
7332
62a32
6*732®9jg
.6i6a23L2
6*2
Dec.^Jan
Delivery.
Delivery.
Delivery.
Dec.-Jan.. ..615325) *2
@ 1532
June-July
Sept.-Oct..
62i33;
6%
6i2 © 1532
Nov.-Dee
6*2
Feb.-Mar
6*732
Mar.-Apr
Mar.-Apr
Apr.-May
69,6
6*932
April-May
Sept.-Oct
6*932.
6^9
6*2
Oct.-Nov
Nov.-Dee
Jan.-Feb
62332-
Friday.
Co-
Ham- ‘ Hotter-
Bre-
pool.
Thursday.
Futures.
Market,
are as
Liver¬
Wednes.
Market.
5r.
5,301
land
form,
p.m.J
cotton from the United
exports of
Sew York—To Liverpool, per steamers
?
Tuesday.
Saturday.
2,306
This year. 22,056, 36,570
Last year.
This
Since
This
week.
Sept. 1.
5,316
.Market,
Mid. Upl’ds
Mid. Orl’ns.
Baltimore.
Philadelphia.
Boston.
Nero York.
Saturday Monday.
Spot.
12:30
[Vol. XXXI.
Delive.'y.
Delivery.
Delivery.
17,879
Sept
Sept.-Oct
71165)132
6ii
3.300
5.301
Oct.-N«v
Nov.-Dee
9,720
Jan.-Feb
617325> *2
6i532®716
6*832
Feb.-Mar
Mar.-Apr
Sept
6*16® 1732
7iie5>332
Sept.-Oct
*85)3.32
Mar.-Apr
43-
611326i532:
...63*
69lft
62332
Sept.-Oct
5,989
1,581
BRE ADSTUPFS.
1,203
Friday, P. M., Sept. 17, 1880.
i:
\
4
|
m
20
74
44,973
improving market for flour during thefor the extremes of grades—Nopast
week,
but
most
decided
Below we give all news received to date of disasters to vessels
2
superfine and common extras, as well as the choice patentstarrying cotton from United States ports, etc.:
Charleston, steamer, from Charleston for New York, before reported, from spring wheat, none of which are in full supply.
The
was hauled off the shoals A. M. Sept. 7, and safely towed to her
offerings of medium grades from winter wheat are pretty free,,
pier at Charleston. The vessel was not materially damaged. She
sailed for New York, where she arrived, and on Sept. 14 was on
and prices of these have not changed much. The production
the dry dock there, being stripped, caulked and remetaled.
of the country has been but little curtailed, and yet stocks have
Cotton freights the past week have been as follows:
not accumulated at any point.
Rye flour and corn meal have
been in demand at full prices. To-day there was a fair busi¬
FYi.
Tuts.
Wednes. Thurs.
Mon.
Satur.
ness in flour at firm prices.
The wheat market was but moderately active, and without
Liverpool, steam d. 516d>38 516538 516®38 b16® 38 5i®5> 38 51«® 3a
Do
sail...*?.
material change, till Wednesday, when there was a sharp and
Total
41,853
....
540
682
1,804
....
....
....
an
....
58
«8
®8
Havre, steam—c.
«...
There has been
58
general advance, most decided, however, on the spot and for
early delivery. There were very large sales of No. 2 spring at
58
58
88
°8
58
Bremen, steam, .c.
$1 05@$1 06% in store and afloat; also No. 2 red winter $1 08%
Do
sail
c.
=8
°8
58
88
°8
58
steam
Hamburg,
d.
@$1 08% for October and $1 09%@$l 09% for November, and
Do
sail...d.
No. 1 white $1 07@$1 07% for October. There was a very ur¬
“l6
lll«
“is
1116
“lS
Amst’d’m, steam.e.
gent export demand, and the reduced movement of the crop at
Do
sail...d.
all points gave sellers the advantage. To-day there was a de¬
*8
38
*8
30
3&
38
Baltic, steam
d.
cline of %@lc., with a fair business at the decline ; No. 2 red
sail
Do
c.
sold at $1 07% for September, $1 07% for October and $1 07%
Liverpool.—By cable from Liverpool, we have the following for November ; and No. 1 white for September at $1 07% and
Do
sail
c.
....
....
....
....
....
•
....
....
....
....
..
«...
....
.
.
•
.
.
....
.
....
a
.
.
•
.
.
.
....
"
....
statement of the
•
.
.
....
.
....
....
....
....
....
....
....
week’s sales, stocks, &c., at that port:
for October at $1 07.
Indian corn has been active.
.
J Aug. 27.
Bales of the week
bales.
Bales American
Of which exporters took
Of which speculators took..
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American.
Sept. 3.
46,000
46,500
31,500
4.200
5,300
66,000
7,000
1,460
4,700
3,600
624,000
421,000
30,500
5,600
3,300
24,500
129,000
29,000
617,000
399,000
40.500
12,500
Sept. 10.
48.000
37,500
3,600
1,270
4,200
4,800
597,000
379,000
32,500
Sept. 17.
57,000
40,500
5,500
3,100
6.900
3,800
558,000
356,000
19,500
115,000
17,000
119,000
17,500
133,000
38,000
53,000
78.000
Liverpool market for spots and futures each day of the
ending Sept. 17. and the daily closing prices of spot cotton, have
Jteen as follows:
The tone of the
week
Prices have varied somewhat*
fluctuations have not been wide. The tendency, how¬
The report of the Agri¬
cultural Bureau says of crop during August:
The average condition of the com crop for the whole country
is 91, a decline of 7 per cent since the returns of August 1 and
4 per cent lower than September 1,1879.
The New England
and South Atlantic States fall short of the average about 2%
per cent. The Middle, Gulf and Pacific States are above the
average. The great corn regions of the Mississippi on both
slopes show a marked deficiency. The northern portion of the
Atlantic slope reports damage from drought; to the southward
there was sufficient rain. The State of Texas reports a very
high condition, viz., 121. North of the Ohio River the States of
and yet
ever,
has been towards better prices.
September 18,
THE CHRONICLE.
1880.]
Indiana and Illinois report great injury from
Kansas and Nebraska report the same.
drought; Missour,
To-day the market
was fairly active at some decline ; No. 2
mixed sold for October at 52c. and for November at 53@53%c.
Rye has materially advanced, selling at 96@96/£c. on the
spot and for September arrival. To-day there were sales at
97c. for September.
Barley has remained nominal most of the time at about 90@
95c. for No. 1 Canada; but to-day four-rowed State sold at 90c.
for delivery October 10.
Oats have been active, but at decidedly higher prices, closing
to-day with sales of futures at 42%@43c. for September, 38@
•38%c. for October and 38/£c. for November.
The
following
Flour.
Grain.
3 45
? I WheatNo. 3 spring, $ bu.$
4 00 j
No. 2 spring
1
3 75 i
Red winter
4 25
4 40® 0 00 |
Red winter, No. 2 1
White
4 10® 4 40
$ bbl. $2 70®
Winter superfine
3 70®
Spring superfine
3 35®
Spring wheat extras.. 3 80®
do XX and XXX...
Winter shipp’g extras.
do XX andXXX...
Patents
Western ‘-rye mix”...
City shipping extras.
Southern, bakers’ and
family brands
fiouth’n ship’g extras.
Rye flour, superfine..
Corn meal—
Western, &c
Brandywine, <fcc
4 50®
Corn—West, mixed
West’n No. 2
West, yellow
West, white
0 25
8 25
6 00®
4 50® 5 00
4 10® 5 40
....
07*4®! 07*2
06 ®1 08*4
50 ® si1^
503t® 51
51^® 57
52
90
Rye
,
®
®1 07
® l 08*3
05
97
525® 6 50 Oats—Mixed
White....
4 65® 5 00
4 50® 5 00 Barley—Canada W.
State, 4-rowed...
2 60® 3 10
State, 2-rowed...
3 20® 3 25 \ Peas—Can’da,.b.&f.
®
®
471?®
47
85
®
®
®
®
®
...
...
81
55
97
48 *3
49
95
TV7iea(,
bbls.
At—
(196 lbs.)
Chicago
.....
Milwaukee.
Toledo
Detroit
Cleveland..
fit. Louis...
Peoria
Duluth
33.935
....
295
7,160
2,550
....
....
41,311
1,950
2,200
....
....
....
Oats,
bush.
(56 lbs.)
642,349
338,285
91,500
150,077
5,246
42,500
319,607
14,325
94,871
210,475
45,150
Barley,
bush.
(60 lbs.)
345,782 1,787,237
92,030
39,040
36,109
...
Corn,
bush.
129,882
281,400
34,304
9,000
13,491
39,000
913,080 229,000 99,146
617,995 420,477 196,805
bbls.
Flour
1879.
3,110,418
1878.
4,840,552
1,218,080
356,093
348,271
2,782
31,448
1,781
6,700
2,634
10,694
35,095
25,453
1,175
3.100
5,572
2,594
7,451
62,767
5,700
1,958
112,362
2,133
65,402
29,200
21,486
5,201
913
37,701
47,000
11,000
73,739
66,000
76,000
334,215
651,672
25,000
35,000
75,000
1,344,106
660,296
235,000
3,000
same
913,709
10.700
288,700
164,481
1,570,615
308,628
85,800
51,761
316,428
329,803
1,880,000
1,455,000
2,974,000
3,200,000
'
'
'
bush.
47,652,746
95,720,217
19,351,826
52,449,094
62,548,930
16,219,986
45,771,505
01,648,457
15,487,608
1,875,095
1,845,750
2,352,351
2,884,511
1,920,996
2,570,157
Barley
Bye....
Total grain
Rail
....
166,445,634
136,454,878
3,040,090
© © © o
GOOD
g
>
p
» » «
d 03 2i'
5S
©3S&Eg
5^® 3
P hj
b
O P
B
-
P
*
p.'.
:
p
©
HHHH
Ct> p CTO 9
^
OOO©
52,858,618
11,514,563
2,507.438
1,726,076
88,300,136
shipments from Western lake and river ports for the
weeks ended:
bbls.
Flour
bush.
"Wheat
Corn
Oats
Barley
Rye
1880.
Week
1879.
Week
1878.
Week
1877.
Week
Sept. 11.
Sept. 13.
Sept. 14.
91,479
Sept. 15.
93,457
102,669
110,411
308,628
329,803
751,274
37,701
73,739
585,886
257,396
349,739
137,577
28,363
Sgrg-*
PPPP
1,504.145
Rail and lake
Week
1,358,966
347,956
217,315
353,321
63,016
246,130
374,197
299,904
40,973
62,380
1,022.581
Flour,
Oats,
Corn,
Wheat,
bush.
bush.
2.404,175
3,310,268
822,779
993.935
bush.
at •
194,924 458.554
232,436 856,558
o•
03 00 *
At—
Wheat,
Com,
Oats,
bbls.
bush.
bush.
Barley,
bush.
bush.
New York
Boston
101,119 1,712,830 2,120,000 229,700
' 57,683
26,100 411,550 172,500
Portland.
3,150
4,200
30,000
Montreal
17,941
200,665
325,666
1,500
Philadelphia..... 24,370 379.300 155,300 84,500
Baltimore
21.564
56,276 23,300
751.300
New Orleans
25,235 355,517 290,883 12,263
2,500
102
From—
New York
Boston
Portland
Montreal
bbls.
72,508
21,175
Wheat,
bush.
1,351,574
129,853
36,455
6,105
5,654
351,729
156.955
638,767
127
148,881
Total for w’k 142,024
Same time’79. 163,403
2,777,759
5,678,682
Philadelphia..
Baltimore
New Orleans..
Com,
Rye,
30
500
Peas,
bush.
bush.
bush.
1,266,129
385,409
26,900
292,884
136,804
61.258
104,722
4,422
94,743
2,468
2.274,106
6,135
bush.
2,041,393
os
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Included in these totals are the reports from Bnffa'o Creok, Galves¬
ton, Miami and New Haven, the details for Aug., 1880. being as follows:
*
Buffalo Creek. Galveston.
B“iey
Indian
Oat*
::::::
corn
corn
meal
5 Bushels
263,433
117,400
500
240
{
Miami. N.Haven]
2,090
6,873
| vUlue!*?
1,500
Rvalue,*
94,743
2.993
95,913 110,036
1,710
the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, Sept. 11, was as
At the
g:
^
<100
oo
OCOJOH
bbb«<t
525
The visible supply of grain, comprising
follows;
O
00 00
Indian
13
200
.
COCO
»•
50,v86
2,700
2,602 55,216
10,270 145,034
Oats,
©
>>
oooCOO.
Rye,
Bxports from United States seaboard ports and from Montreal
for week ending Sept. 11:
Flour,
•
-5 O
ggS-g-
OO
bush.
1,700
Total week
251,062 3,425,712 3,389,675 527,963
Cor. week ’79.... 262,558 5,209,394 1,405,302 536,083
**
b p
ww;
Receipts of flour and grain at seaboard ports for the week
«nded Sept. 11:
Flour,
|oS|§Hj
O P
p p
ck:
Tot.,4 wks.567,516
T+
:
.
c p:
Bye,
7,449,504 13,093,959 3,642,578
4w’ka’79..559.181 10,749,527
8,621,351 2,231,548
984,925
.
9S P‘0 CP
r;
T50*:
bush.
3,666,957' 835,889
J
v
p-pi
:
74,801 123,036
58,048 111,517
44,146 118,074
17,929 105,927
3,710.559
5-0
eo F 2 9
O M 5
^
Pi© 4 ©
si/
© ©
w*
1,024,304
Barley,
“7 — “v
fOdECOO gzjco'-dCDs;
00
c
.
141.693
shipments from same ports for last four weeks
bush.
endmg—
bbls.
flept. 11...134,361 1.731,200
Sept. 4... 134,502 1.849,543
Aug. 28...143,855 1.708,128
Aug. 21...154,798 2,160,733
wwr
rrrr.gg’gos
001>
O P
oS|§ki
ijO®
9
M
Total..
~
“
erf' Mf- rV
S: 5p‘: :
p:
p-
MM
§ S GOOD
Q. £j,<l 00
9
19,692,841
122,398,723
~
following statement, prepared by the Bureau of Statis¬
®MMM
Wheat
Corn
Oats
754,274
68,000
—
390
1,600
14,147,013 18,700,809 1,513,861
rfkp <1; Mppppp© GO CO
©MOdV 00- ©WMbbVb<lW
1877.
4,064,199
136,892
39,390
548,950
146,959
qo go;
Comparative shipments of flour and grain from the
ports from Jan. 1 to Sept. 11, inclusive, for four years:
1880.
101,991
bush.
18,400
Total
125,510 1,933,749 2,351,010
Same time '79. 114,543 3,733,253 1,889,189
82,592
2,786
63,500
11,200
51,201
18,524
475
Rye,
bush.
(32 lbs.) (48 lbs.) (56 lbs )
396,484 50,710 26,262
38,350132,770 14,300
36,142
4,026
12,422
2,216
2,067
72.235
41,005
134,000
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of August,
1880, and for the eight months ended the same, as compared
with the corresponding months of the previous year:
a a c
Receipts of flour and grain at Western lake and river ports
for the week ending Sept. 11, 1880:
49,923
149,758
75,000
16,001
60,632
'
m
95
15,471
399
78.341
Montreal (1st)....
Kansas City
Baltimore
On rail
On lake (est.)
On canal (est.)
bush.
60,000
Oswego
—
2,176,974
1,900.000
Rye,
bush.
1,913,017
3,559,551
1,205,988
Philadelphia
Barley,
bush.
49,930
97,000
29,000
Albany
<rt- r-r <r+- r+-
(From the “ New York Produce Exchanqe Weekly.”)
Flour,
540,000
8,200
244,566
8t. Louis
Boston
Toronto
Oats,
bush.
2,309,578
Buffalo
Chicago
Milwaukee
Duluth
Toledo
Detroit
The
Corn,
bush.
Indianapolis
1
No. 2
TP7ieaf,
In store at—
New York
Do. afloat (est.).
Peoria
closing quotations:
are
313
*
wheat{vai'ie!$.
Wheat flour
{vSme,9$.'.'.'.!I
Total values
Total values for 8
mo».
|
\ 1880.S
end. August. >
1879,$
1,320,299
1,309,459
40
200
575
280
520
1,030
1,030
3,450
10,323
2,825
50,384
20,374
175
,508
72, 076
1,426,859
1,314,918
3,937,416
2,189,203
26,227
CHRONICLE.
THE
314
TRADE.
THE DRY GOODS
Friday. P. M.,
Sept. 17, 1880.
dry goods has been fairly active the past week.
There was a large influx of Western and near-by retailers,
whose operations in Fall goods were conducted on a liberal
scale j and while business continued buoyant with dry goods
and cloth jobbers, there was a satisfactory movement in clothing
from first hands. There was a steady hand-to-mouth demand
for staple cotton goods, prints, ginghams, dress fabrics, &c., by
wholesale buyers ; and in this connection transactions reached a
considerable aggregate amount, owing to the frequency with
which selections were made ; but most descriptions of woolen
The market for
.
goods remained quiet in agents’ hands. The feature of the
week’s business was a peremptory auction sale of over 5,000
pieces tapestry Brussels carpets, the production of Mr. Stephen
Sanford, of Amsterdam, N. Y. The sale attracted a very large
attendance of buyers and proved to be a great success, the en¬
tire offering (amounting to over $250,000) having been closed
out and widely distributed at good average prices.
Domestic Cotton Goods.—The exports of cotton goods from
this port during the weekending September 14 aggregated 2,689
packages, including 1,080 to Great Britain, 682 to China, 458 to
IJ. S. of Colombia, 154 to Brazil, 150 to Mexico, and a number of
smaller shipments. The jobbing trade in cotton goods was quite
active, and this caused a steady demand for re-assortments at
first hands ; but package buyers continued to govern their pur¬
chases by actual requirements, and there was no disposition on
their part to anticipate future wants. Prices were steadily
maintained (by manufacturers’ agents) on all leading makes of
plain and colored cottons, and stocks of brown and colored
goods are well in hand as a rule. Print cloths were more active
and higher, considerable lots of extra 64x64s having changed
hands at 4c. per yard, while 56x60s were quiet at 3^c.
Prints
and cotton dress goods were in steady request and ginghams
continued very active.
Domestic Woolen Goods.—The main features of the woolen
goods market are unchanged. The jobbing trade in cloths,
cassimeres, flannels, repellents, jeans, cloakings, shawls, skirts,
knit underwear, &c., was moderately active, but the demand at
first hands was comparatively light. Clothing woolens were
[Voti. XXXL
Receipts of Leading Articles of Domestic Produce.
The following table, based upon daily reports made to the
Exchange, shows the receipts of leading
produce in New York for the week ending
New York Produce
articles of domestic
Tuesday last (corresponding with the week for exports),
receipts from January 1, 1880, to that day, and for the
corresponding period in 1879:
with
also the
Week ending
Sept. 14.
...bbls.
Ashes
Beans
Since Jan.
1880.
1,
Same time
last year.
2,615
4,616
32,478
47,548
3,278,711
3,639,547
101,105
115,337
43,613,387
33
395
Breadstuffs—
Flour, wheat
.bbls.
...bbls.
..bush.
..bush.
..hush.
..bush.
..bush.
..bush.
..bales.
..
Corn meal
Wheat
Rye
Corn
Oats
Barley and malt..
Peas
Cotton
Cotton seed oil
Flax seed
Grass seed
107,871
1,669
1,221,080
48,106
1,700,200
219,350
39,110
4,421
18,804
...bbls.
...bags.
...Jo.
.bales.
..bales.
536
84
662
.pigs.
57,536
1,381
Hides
Hides
.
Hops
Leather
Lead
18,767
1,777
..
38,994,113
Molasses
Naval Stores—
Turpentine, crude. ...bbls.
Turpentine, spirits. bbls.
..
Rosin
Tar.
7,747,999
2,465,530
250,299
472,053
17,557
124,201
102,384
158,946
92,991
53,627
3,021,482
2,819,651
130,651
2,564,370
545
4,941
75,738
42,838
10
1,598
50
2,4?9
74,332
294,34 9
15,906
1,672
469,304:
8,061
2,891
65,790
73,388
1,136
110,406
646
24,639
36,705
27,792
34,313
7,971
10,353
3,896
1,227,006
176,045
27,252
1,302,660
1,058,870
1,803,734
351,266
535,388
3,368
10,956
Pitch
Oil cake
...bbls.
723
135
.pkgs.
12,706
Oil, lard
Oil, whale
...bbls.
.
1,898.746
29,329,802
867,441
43,995,119
9,004,873
2,873,559
347,318
540,945
33,718
89,104
78,096
106,360
33,976
13,519
..hhds.
...bbls.
Molasses
Peanuts
Provisions—
Pork
Beef
Cutmeats
Butter
Cheese
EggS
Lard
Lard
,
56,005
235,508
20,557
2,520
294,362
11,940
181
..pkgs.
.
..pkgs.
..pkgs.
..pkgs.
.pkgs.
...bbls.
tcs. & bbls.
Hogs, dressed
Rice
...Jo.
.slabs.
1,202
3,611
..pkgs.
263
hhds.
244
.pkgs.
.
Spelter
Stearine
Sugar
Sugar
......
.
984,965
1,727,479
443,586
454,919
113,924
40,674
44,841
47,780
14,762
48.320
49,869
26,834
-
64,775
20,568
1,673
31,478
69,922
121,462
70,704
190,743
94,488
91
8,838
78,243
115,613
68,615
218,698
59,387
1,584
..pkgs.
disposed of in small lots by agents, but there was no spirit in Tallow
1,949
boxes & cases.
the demand, which is likely to remain sluggish until new spring Tobacco
3,258
..hhds.
Tobacco
...bbls.
goods are shown, when a revival in business may be anticipated. Whiskey
3,183
577
Kentucky jeans were more sought for, and prices of some makes Wool
that have been selling at relatively low figures have slierhtly
appreciated. Repellents were in steady request, but cloakings
Exports ot Leading Articles of Domestic Produce.
ruled quiet in first hands. Flannels and blankets were in
The following table, based upon Custom House returns, shows
moderate demand by package buyers, and fairly active with
jobbers. Worsted dress goods continued to move steadily, and the exports from New York of all leading articles of domestic
there was a moderate inquiry for shawls, felt skirts, knit under¬
produce for the week ending with Tuesday last; also the exports
wear and fancy knit woolens.
from the 1st of January, 1889, to the same day, and for the cor¬
Foreign Dry Goods.—The jobbing trade in imported goods
was fairly active, but the demand at first hands was irregular,
responding period in 1879:
and chiefly of a hand-to-mouth character, the supply being so
Same time
Week endinq Since Jan. 1,
large that buyers are operating cautiously. Staple and fancy
last year.
1880.
Sept. 14.
dress fabrics were in fair request and steady in price. Silks
moved slowly, and there was a continual pressure to sell through
707
1,04 6
....bbls.
the auction rooms, despite the low prices being realized. Linen Ashes, pots
145
139
bbls.
Ashes, pearls
lbs,
50,840
and white goods, woolens and embroideries were severally quiet Beeswax
67,698
7,901
,
Breadstuffs—
Flour, wheat.:
in first hands.
Importations of Dry Goods.
The
importations of dry goods at this port for the week ending
weeks of 1879 ana
Sept. 16, 1880, and for the corresponding
1878, have been as follows:
ENTERED FOR CONSUMPTION FOR THE
Pkgs.
Manufactures of—
Wool
Cotton
Silk
Flax
$
352,935
224,711
525,679
148,115
852
855
786
830
366
Miscellaneous
134,592
3,689 1,386,032
Total
WITHDRAWN FROM
1880.
1879.
1878.
Value.
16, 1880.
WEEK ENDING SEPT.
Pkgs.
Value.
Pkgs.
$
1,587
1,484
494,989
398,794
961,542
309,141
670
190,193
1,216
1,481
6,438 2,354,659
994
1,373
1,245
1,611
Value.
$
428,541
400,385
815,768
216,405
516
■
•
•
Total
Bnt’d for consumpt.
Total
on
market...
203,776
49,804
143,425
89,174
43,200
176
152
433
270
1,547
529,379
3,669 1,386.032
.
5j2oH 1,915,411
532
268
163
449
456
194,463
66,831
147,940
102,001
28,989
540,224
1,868
6,438 2,354,659
8,306 2,894.883
ENTERED FOR WAREHOUSE DURING SAME
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
398
138
158
487
131
157,150
200,539
34,322
Total
Fat’d for consumpt.
1.439
482,221
3,6-9 1,380.03.
115,709
20,051
429,074
1,312
6.438 2,354,659
Total at the port...
5,128 1,868,25..
7,7oi. 2,784,233
102,237
103,673
41,450
354,079
106,681
226,688
143,801
68.639
899,888
3,04 •
6,143 2,088,070
9,18t 2,987,958
37,623
99.041
817
369
272
442
530
334,455
109,165
202,707
2.430
824,54‘J
115,524
62,691
6,143 2,088,070
8,57 3 2,912,612
ibbls
bbls.
bbls.
...bush.
...bush
Barley
Corn
Candles
Coal
Cotton
Domestics
..
.pkgs
...tous
..
.pkgs
Hops
Oils—'
Whale
Sperm
2,832,869
241
3,176
130,286
44,215,226
5,904
1,194,861
71,508
4,248
1,255,065
Hay
Rosin
Tar
Pitch
Oil cake
79,589
9,864
Peas
Spirits turpentine.
919
395
309
652
771
..
Oats
226,971
920
PERIOD.
577
164
101
495
102
Rye
0,143 2,OSS,070
WAREHOUSE AND THROWN INTO XJIE MARKET DUR¬
Cotton
Bilk
Flax
Miscellaneous
Com meal
Wheat
Naval Stores—
Crude turpentine.
ING THE SAME PERIOD.
Manufactures of—
Wool
Flour, rye
...
...
bbls.
bbls.
....bbls.
Tobaceo.manufactured. lbs.
Whalebone
1,237,365
343,643
262,806
242,186
35,595,957
24,747,069
840
42,751
1,750
23,574
2,689
1,230
36,354
456,776
87,310
89,081
43,384
54,480
220,278
86,962
48,967
446
4,945
26,387
2,047
1,089
21,182
155,940
195
62
4,949
50,284
3,666,905
1,099,082
69,907
1,672
239,808
.607,302
201,565
96,756
994,362
8,240
.
.
—gals.
....gals.
Lard
—gals.
Linseed
—gals.
Petroleum
....gals.
Provisions—
Pork
Beef
.’ ....bbls.
.tierces.
Beef
lbs.
Cutmeats
lbs.
Butter
.....lbs.
Cheese
Lard
Rice
Tallow
Tobacco, leaf
Tobacco
bale* and cases.
2,226,637
4,830
111,187
41,819,738
2,816,590
456,310
119,629
252,059
3,919
5,930,224
168,916
45,023
969 ;
42,175
395.714,671
10,032,594
21,653,180
1,018,144
90,945,739
3,239,773
201,853,254
5,9G9,230
425
16,013
62,174,135
1,499,523
3,597
1,046
1.241
1,190
133,088
3.568
3,879
94,433
174,043,056
56,276
34,799
4,560,100
56,551
100
7,869
125,135
5,155
.
175,755,078
173,186
37,289
39,026
414.859,686
23,835,649
101,705,879
177,201,904
11,054
47,956,655
43,353
li)5
4,792 63v*
48,551
@FedFRASER