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immtinV
teniae
HUNT'S MERCHANTS^ MAGAZINE*
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
YOL.
NEW
31.
YORK, SEFIEMBER
•
N.
PHELPS,
F. P.
OLCOTT.
I.
JAMBS STOKES,
ANSON PHKLPS STOKES,
45
dc
&
Stokes
Co.,
New York.
COMMERCIAL. CREDITS,
in Dollars for use in United States, Cuba, Jtc,
n Pounds Sterling, available in any part of the world.
Also,
&%
BANKERS,
47 'Wall Street,
TRAVELERS' CREDITS and
CIRCUIiAR NOTES;
Banque
Anversoise,
Pald-Up Capital,
- -
8.
Kennedy.
S.
J.
J.
Kennedy
63
York.
Kennedy Tod.
&
Co.,
WILLIAM STREET,
New Vork.
BUY AND SELL
9,000,000 Francs.
:
President.
ALFBED Maqhinat (Graft* Maqnlnayi, Vlce-Pres
Von der BKfKK (B. Von der Becke).
Otto Gunther CCornellle-Davld).
J. B.
£mii.k ds Gottal.
Ad. Frank ( frani. Model
RAILROAD INYEBTHENT BECZTRITIES;
&
TBANSACT8
GENERAI. BANKING
A
BUSINESS.
A8A
Kddt
J. i,
Cashier.
Maverick National Bank,
BOSTON,
$400,000
400,000
SCRPIiUS,
and Bankers
Business from Banks
solicited.
d.
Satisfactory
business
paper discounted,
Cor-
reapondence invited.
I.BWIS a. TAYLOR, JK.
L.
H. Taylor
LiNDLEY Haines
&
Co.,
Bankers and Brokers,
140
SOUTH THIRD STREET,
PHI LABEL PHI A,
Deposits received subject to check at siRht, and
interest allowed on dully balances.
Stocks, Bonds, &c., boueht and sold on commission
in Hniladelphia and other cities.
Partlcuhir attention Kivea to Information regardDS Inveatment Securities.
Coleman Benedict & Co.
STOCK AND BOND BROKERS,
24 BROAB ST., NB1¥ YORK.
Btooks, Railroad Bonds, Governments, and all Securities dealt in at the New York Stock Exobange
bought and sold for investment or carried on mar0n. strictly on commission.
Coleman Benedict, Members N. T. Stock Exch.
jas. mcgoyehn.ju., \
R.T.Wilson
MAX
Theo. V. SAND.
KDWAKD A.
PETIT,
E.
Sand.
John Sickels.
Member N. Y. Stock Kxch.
Sand Brothers
&
COMMISSION.
&
Co.,
BANKERS AND COMMISSION MERCHANTS,
% Bxclkanse Court, N ^w York.
JAS. L. AN3DBONY,
Henry W. Pock.
Member N.
jAS. U. Oliphant.
sell
at sight.
Receive accounts of Banks,
others upon favorable terms.
Wood &
Merchants
and
Davis,
BANKERS AND BROKERS,
31 Pine Street,
New York.
GOVERNMENT BQNDS. MUNICIPAL AND
RAILROAD SECURITIES BOUGHT AND
SOLD l)N COMMISSION.
CHOICE RAILROAD MORTGAGE BONDS
FOR SALE.
•
WOOD.
SAll'I. D.
Geokoe Stare.
George Stark
No. 42
sell
DAVIS.
John
F.
&
Co.,
BANKBRS,
BROADWAY, NEW
Stare.
'
YORK.
Investment Socurltles for cash or 6a
commission. A specialty made of Western Fan^
Mortgages bearing from 7 to 10 per oent interest.
Will undertake the negotiation of loans npon
Western City property In large or small amonntii.
Co.,
BANKERS AND BBOEBRB,
54 'Wall Street, Neir Tork.
STOCKS AND BONDS BOUGHT AND SOLD ON
.
York.
on Commission all Socurlties dealt
in at the Stock Exchanges of New York. Boston.
Philadelphia and San Francisco.
Also, future options In Grain and Provisions at
Produce Exchanges of New York and Cbtcftgo.
Allow Interest upon deposits subject to oheok
Buy and
COMMERCIAL PAPER NEGOTIATED.
CAPITAL,
COLLECTIONS a specialty.
the ConstructloQ and
Equipment of Railroads undertaken.
Cle.)
AUG. NoTTKB )UM (Nottebohm Freres).
Fb. Dhanis (Mlchlels-Loos).
JOH. Dau. Fdhemann, .Jb. (.Job. Dan. Fuhrmann).
LoniB Webkb (Kd. Weber & Cle.)
JiTLsa Ractbhstbauoh (C. Scbmld ft Cle.)
P. POTTEIl, Prest.
;
NBQOTIATB LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.
All business relating to
Buy and
C. D.
Collect Codpons and Dividends
BOARB OF DIRECTORS
FsLix Grisak,
BANKBBS,
New
No. 34 Wall Street,
Bankers aud Merchants,
No.
Antwerp.
Co.,
Accounts and Agency of Banks, Corporations.
Brms and Individuals received npon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends'; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
Union Bank of London.
John
Centrale
BANKERS,
William Street, New
Robeson & Smith,
Mills,
&
Jesup, Paton
795.
Financial.
Financial.
Financial.
Phelps,
NO.
18, 1880.
Schulz
23 WlUlam
ANTHONY, POOR & OLIPHANT,
BANKERS AND BROKERS,
No. 19 Broad Street, New York,
And 83 Devouslilre Street, Boston.
Bnv AND Sell ON Commission all Sechkities
Current at the New Youit Stock Excuanoe.
Allow Interest on Deposits. Make advances
ON Approved Collateral.
Kountze
Brothers,
BANKERS,
International
LETTERS OF CREDIT
and
CIRCULAR NOTES
Issued for the use of travelers la
all parts of the world.
Bills drawn on the Union Bank of London
Telegraphic transfers miide to London and to
various places in the United States.
Deposits received subject to check at sight, and interest allowed on balances.
Qovernment and other bonds and investment se«
ourtttes bought and sold on commission.
Street.
New York.
Bank
of Iiondon (liimiteiU,
Ijondon.
&
Co.,
IMeggrs. John Berenberar, Gossler
Hnniburgr.
Commercial and Travelers' Credits. Bills of Exchange.
Cable Transfers.
A. P. Turner & Co.,
BANKERS,
No, *20r Walnnt Place, PHIIiADEIiPHIA.
Government, State. Municipal and Railway Bonda
and Stocks bought and sold at all the E <changes.
Investments prudently niado
in situiid railway se-
Collections prt^nptly attended to.
Correspondents carefullv represented at Auctions
and Private Sales. Bonds of good but not wellknown railroads always wanted for investments at
the best rates. Orders on margins not entertained.
curities.
Tower, Giddings
&
Co.,
BANKERS,
130 Broadwar (Eqnltable BuUdtns),
NEW YORK.
Ruckgaber,
CORRESPONDENTS OP THE
Y. Stock Exchange.
Member N. Y. Mining Exch-ge
&
BAN KER3,
No. S3
DEVONSniEE STREET,
BOSTON.
Orders for Stocks executed In Bolton,
and other mar kets.
Specialties
Now York,
habk or Stocks of the
American Rapid Telegrapli Companj
AND THE
Cusiliniriachic
Mining Company,
BV
J.
\r. MACKI1NT«SII & CO.,
(Members Boston Stock Exchange),
BANKERS AND BROKERS,
BOSTON.
No. 4a Coueress Street,
;
.
THE CHRONICLE.
&
Drexel, Morgan
WALL 8TKEET,
NKW
CORNKR OP BROAD,
Drexel
&
Drexel, Harjes
Co.,
»».U South Tbibd
&
&
Co
P»rl«.
Pblladelpbla.
The Netherland Trading Society
cities o:
« all principal
Swe
Circular Letter! lor
Tnunfera.
($14,400,000, Gold.)
;
ArroBRKTe a»d AesHTa of
KleMn. J, 8. inwRGAN & CO.,
K
No.
OLD BROAD
Brown
K:
Canadian Banks.
Traveler!,
In all parte of the world.
vatuble
&
Brothers
Co.,
S» fTALL ST., N. ¥.,
Nbw
OF
Office,
CANADA,
BPT AND SKLL
$a,&00,000 Paid Up.
Capital,
JOHN HAMILTON.
JOHN MCLENNAN,
President, the Hon.
OF FXCHAWGE
B1L.L.S
OLIVER S. CARTER,
STANTON BLAKE.
Merchants' Bank
LONDON.
ST.,
1824.
Execute orders for the purchase or sale of Merchandise. Bonds, stocks, and other securities, in the
Unlled states, Europe and the Kast make Collections
buy and sell Foreit^n Exchange, and give advances
upon Merchandise fur Export.
.
on Depotllt. Forelgu Kicliauge.
ESTABLISED
Paid-up Capital, 30,000,000 Fiorina.
Europe.
SPECIAL PARTHEK,
nETTTNCHK RANK. Rvrlln.
DapoalU received
IntereH al'oweo
Me boMht »nil aold on CoiiiinlBiion.
CoHimerclal Credlta.
OF HOLLAND,
St., cor.
'Kake Telegraphic Money Transfers.
\}f%Ti Bills ef Exchange and Issue Letters oi Credit
8ecnritle>. Oom,
Handel-Maatschappij,
Excbange Place.
NEW YORK.
29 WlUtam
DOMBSTIO AND FORKIQN BANKKR8.
suhlect to Draft.
Lichtenstein,
BANKERS,
Boulevard Haa«8inaiin
81
Bt..
Nederlandsche
Co., K-noblauch
YORK.
XXX L
Foreign Bankers.
Foreign Excliaiigc.
Exchange.
Foreii^n
[Vol.
Vice-President,
ESQ.
HENRY
Yobk, January
HAWLEY,
E.
AgenU
1
tor
\
)
America
1, lij79.
142 Pearl Street
Neiv York.
Nederlandsch Indische
Handelsbank,
AMSTERDAM, HOLLAND.
HEAD OFFICE, nONTREAL.
IRELAND, FRANCK,
Established in 1863.
ON GREAT BRITAIN AND AND
HOLLAND.
OKKUANY, BELGIUM
QEOKGE HAGUE, General Manager.
Pald-Up
Capital, 12,OOn,0OO GnUdera
Credits
Issue Commerfiul and Travelers'
($4,800,000 Gold.)
WM. J. INGRAM, Asst. General Manager.
VJV SI BRUNO,
HEAD
OFFICE IN AMSTERDAM.
BANKERS:
WORLD.
THE
OF
PART
ANT
AVAILABLE IN
Agencies iu Batavla, Soerabayaand Samarang.
Clydesdale Banking Comp'y.
LONDON, ENG.— The
And In France, In Martinique and Guadaloupe.
The Bank of New York. N. B. A.
YORK—
Correspondents in Padang.
NKW
IRANSFEBS
mAKBTKLEOKAFmC
OF inoNkY
The New York Agency buys and
and other countries, through London
and Paris.
Hake Collections of Drafts drawn abroad on all
points In the United States and Canada, and
of Drafts drawn In the United States
on Foreign Ck)untries.
Between
ibis
&
G.
S.
G. C. Ward,
JOHN
38 STATE SPRKKT, BOSTON.
&W. Seligman&Co.,
J.
QEOKGE STEPHEN,
Parable In any par ef Bnrope, Asia, Africa, Australia
and America.
Draw Bills of Exchange and make telegraphic tran^
ters of money on Bnrope and Califomla.
&
John Munroe
Co.,
Nos.
HEW YOSR OFFICE,
S9 &, 61 W^ALL STREET.
WALTBB WATSON,) Agents.
.-._,,
PARIS.
STEBLINO CUEQUES AND BILLS AT SIXTY
DATS' SIGHT ON
ALEXANDERS dc CO., LONDON.
J.
&
J.
33
Stuart
&
;
London
NASSAU STREET.
EXCHANGE ON
BILLS OF
SniTH, PAYNE
&.
SiniTlI>8,
BANKERS, LONDON
"
British
Issue
fers.
WALL STREET.
Sterling
demand
Exchange and Cable Transon Scotland and Ireland,
drafts
on Canada, British Columbia, Portland, Oregon,
San Francisco and Chicago.
Bills collected and other banking business transacted.
D. A. MCTAV18H, » ^ggPts.
.„„„,,
W. LAWSON,
.
i
Imperial Bank of Canada
Capital,
$1,000,000.
HOWLANB, President
HEAD
ULSTER BANKINO COKIPANY,
;
D. B.
WILKIE,
Cashier
OFFICE, TORONTO.
Bbxhchbs:
CATHARINES, PORT COLBORNE, ST. THOMAS
DIGERSOLL, WELLAND, DUNNVlLLE, FERGUS.
ST.
EDINBURQ, AND BRANCHES;
Dealers hi American Currency and Sterling Exchange.
Agents In LoBdoB
BosANQUKT, Salt & Co..
:
ALSO.
UABLB TRANSFERS AND LETTERS OF CREDIT
93
Lombard
street.
I
I
Agents
In
New York:
Bank of Montrbal,
I
59
Wall
street.
Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States b,
gold or currency draft on New York.
Forciiin
New
No. 26 Pine Street,
York.
Purchase and sell, on CouiniisBion, GOVERNMENT,
STATE, MUNICIPAL and IIAILROAI) BOND^
and STOCKS, and nil clasKcsof Securities dealt in
NKW
at the
VOIIK STOCK EXCHANGE, or all
repui able Securities bouKht and sc.Id in the OPEN
MARKET.
LOANS
negotiated.
check.
™,„„.. . „
Interest paid on
THOMAS
and
WILLIAM
n. BO U DEM
COMMKKCIAL PAPER
B.
DEPOSITS
Bankers.
Adolph Boissevain & Co.
BANKERS
tS.000,000
1,600,00»
HOKO KONG.
OFFICE,
The Corporation grant Drafts and negotiate or
Bombay, Calcutta, Singapore.
Manila, Hong Kong, Foochow, Amoy.
Ningpo, Shanghai, Hankow, Yokohama, Hlogo, San
collect Bills payableat
Saigon,
Francisco and London.
A. ni.
TOW^NSBND,
50 Wall St.
Aicent,
CalUomia Banks.
The Nevada Bank
OF SAN FRANCISCO.
New York Agency, 62 TTaU Street
Inveated In U. S. Bond**
¥3, 500,000 Gold.
eEORGE
subject to
AMSTERDAM, HOLLAND.
I?,
Y. Cotreapondesta.— Messrs.
BLAKE BROS, ek CO
BRANDER,
L.
Agent.
Issues Commercial and Travelers* Oedlts avallabie
In any part of the world. Draws Exchange, Forelg
and Inland, and makes Transfers of Money by Telegraph and Cable. Gives special attention to Gold
and Sliver Bullion and Specie, and to California
Collections and Securities; and arranges to pay
Dividends on such securities at due dates.
Bankers, London,
do
do
do
SMITH,
PAYNE & SMITHS.
UNION BANK OF LONDON.
do
New York, BANK OF NEWYOBK.N. B.A.
do AMEBICAN EXCHANOE NAT. BANK.
THE
Anglo-Californian Bank
(LIMITED).
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 4S2 California
NEW^
St.
YORK
BOSTON
Agents, J. & W. Selieman A Ce.
Ck>rre8poud't8, Massachueette N. Bit.
Antborlzed Capital, Paid up and Reserve,
$6,000,000.
1,700,000.
Transact a general banking business. Issue Com*
merclal credits and Bills of Exchange, available In
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favor.
FRKD'K F. LOW,
ableterms.
iManauAr.
Managers.
P. N.
IGNATZ STEINHART, J
LILIENTUAL. Cashier.
Dodge, Potter
&
Co.,
BANKERS
ABD
ooinnissioN merchants
HATCH.
FRANK JKNKIN8'
HEAD
k
North America,
No. 53
H. S.
NATIONAL BANK OF SCOTLAND,
CAPITAL (paid-up)
or
M LONDON
BELFAST. IRELAND
AHD OH THB
Shanghai
BANKING CORPOUATION.
Snrplaa,
Ba n
;
LIMITED ;"
Hong Kong &
AOENCT OF THE
aLANGHESTER & COUNTY BANK,
MANCHESTER, PAYABLE
No. 9 Blreliln Lane.
Office,
also
Co.,
CO.,
North America,
14 WALL STREET, NEW YORK,
28 STATE STREET, BOSTON
Foil
;
Buy and sell
add Cbxdits fob Tbavzi.bbs.
AOBNTS
J
Buy and sell Sterling Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
arallabie in any part of the world issue drafts on
and make collections in Chlea^o and threughout
the Dominion of Canada.
No. 8 Wall Street, Neiv York,
No. 4 Post Office Sqaare, Boston.
CHEQUES AND CABLE TRANSFERS ON
CO.,
LANO,
A.
BLAKE BROTHERS &
RESERVE FUND
President.
SMITHER8, General Manager.
C. F.
S9 BXGI1ANCI« PLAOB,
COBNBR BUOAO 6TKKKT, SSW TORK.
lasme Letters of Credit for Trarelers,
-
Issue commercial credits, make advances on ship.
ments of staple merchandise, and transact othes
business of a financial character in connection with
(be trade with the Dutch East Indies.
JR.,
$13,000,000, Gold.
fi,0O0,«OO, Gold.
-
SURPLUS,
BANKBRS,
CTno<n.AB NoTBs
HARRIS
B.
Bank of Montreal.
BARING BROTHBRS dc COmPANY,
£3 WALL STREKT, NKW YORK.
CAPITAL,
ic
Ex-
Neur York Agency, 48 ExcUaose-pIace.
HENRY HAGUE,
Agents
AeXNTB FOB
inVNROE
sells Sterling
change, Cable Transfers, issues Credits available in
parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices uf the bank in Canada. Demand Drafts
issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
all
AND
COTTON COMMISSION MERCHANTS,
34 PINE STREET,
..
.New^IYork,
I
September
Financial.
Financial.
BONDS OF SURETYSHIP
FIDELITY UDARANTEE BUNDS
Boston Bankers.
Geo.Wiii.Ballou&Co
and Employees of Bank
and Hali«VHy's.
For
Officers
BANKERS,
14
TS Bevonnblre
\1'«I1 Street,
NEW YOKK.
St.,
II.
Co.,
BANKERS
CONGRESS STREET,
Boston, IQaaa.
m
CommeroUl
Slockf, Bonda, Oold and
Orders ezecnt«d on CommUrton
AoeUona.and iMvate Bale.
Broken
at
Board
lATesttneat Secnrltiea cooatantlT on hand.
&
Chas. A. Sweet
Co.,
Istheonli/
Company on the American Continent that has
CASUALTY CO.
NEW
tliins i,f
YORK,
fldelltr of perxoiii hnldlng poelpocunliiry lru»l nnd rcniionsllilllty. thu*
socurlnx (lCOUI'dIiATK (JLAUA.NTKK In lieu i.l
personal Bund wlierii seeurllT la required for the
faithful performance of the duties of amployeei In
positions of trust.
Full Infurmution can be obtained at th* offlce. 197
all
Broadway.
M. UiciiARiis. President.
LVilAM W. Bkiogh, Vice-President.
JOU.N M. CUA N K, Cecretary.
Enw A HI) Sta UK General Asent.
Directors—Georite T. Hope. A. B. Hull. O. O.
Wlllliims, W.O. Low, A.S. Barnes. H. A. Hurlbnt,
Wm.
,
successfully conduoti'd tlils business,— a resnlt of
which Is that It has boon able to establish a Ii<miu
system for those who huvo been 3 or more years on
the books, whereby th(> subsetiuont premiums are
annually reduced.—f/tc raluction thi» year it /r&m 10
to ;J5 per cent tm t)u- u»\iaJ rate.
The advantiiaes of transjictlng business with this
Cohipany are tnat it la a well-establl^hed Institution, and has ample reserves, over and above Its
capital, to provide against exceptional reverses.
The most complete and reliable Information Is obtained as to the antn'eitentg of Kmployees.and this is
really of th> first importance to the Emplover, as
also the system of perirxllcal supervision and revision of those on the Company's Books.
Over $100,000 have already been paid by this Company for losses by unfaithful employees, wit/taut a
single amtest at law.
The Available Assets of the Company (at
SIst Dec, ISTtJ) over and above uncalled
»110,046
Capital, were
Geo. S. Coe, J. S. T. Stranahan. Charles Dennis, Wm.
M. Richards, H. B. Claflln, John D. Malrs, Lyman W.
BrlKKs. S. B. Chittenden.
And
BUT Ain> •ELL
GOVERNMENT BONDS. STOCKS AND MISCELLANEOUS SECURITIES.
$476,406
the Gross Resources
(See Report to Government to December 30th, lU7d,
just published.)
BANKERS
Ac
OF
CuBran»celnK the
GRANTS BONDS OK 8ECURITV K()R ALL
ELIGIBLK MKN IN SUCH POSITIONS AT A
TRlFMNli CIIAHGK PKR ANNUM.
The Canada Gcahantke Company
&
Brewster, Basset
Holt.
ARE ISSUED BY THE
FIDELITY
Ills
This company's Siirftyshlp la accopted by many
of tlie prinelpul V. S. iiailritHil CoinimnktH and ttuiiie
of the Banks. In <'ium<iii it.s IJuiuls are now almost
universally required by the (jovernmeiits, Banks,
Railways, and Commurcial Institutions.
Sale.
GEO.
Oko. Wm. BALLOU.
OMlan
Fkiemos to Becumi OB Continue
Sureties, as the
BIS
Canada Guarantee Co.
RAILROAD and mUNICIPAL
SECVKITIES For
Ho, 3S
No BANKORRAILROADVHPLOYEENKEn ASK
BOSTON.
DIP0SIT8 BECIITED AND IXTEB1C8T ALLOWED.
Cbolce
m
THE CHRONICLE.
18, 1880.J
PROSPKCTUS, FoK»s.
&c.,
may
be bad on applica-
EDWARD POMEROY,
W.B.COZ,JR., 08CABB.81UTH
Pomeroy, Cox
&
Smith,
BANKERS AND BROKERS,
BROAD STREET.
Hatch & Foote,
No. 37
BANKERS,
No. 13 IVALI.
STREET,
tion to the
40
STATE STREET, BOSTON.
DEALERS
BtAte,
Cltjr,
m
GOVERNMENT SECURITIES
HEAD OFFICE:
260 St. James Street, Montreal.
EDWARD RAWLINGS, Manager.
Howard
County and Railroad Bonds.
STOCK BROKERS,
15 BROAD STREET,
New York.
&
Curtis,
R.
STOCK BROKERS,
sinnoNS' R
i;
1
DIN
1.
Kimball
fT.
(fr*
Co.,
BANKERS and BROKERS
G,
Ntw
4 Exchange Ctirl,
Boston, Mass.
itjt*ar* memt€Ttkif in
Yerk,
Y. Stftlk Jtjrctamg^
If.
Dealing
&
Cash paid at once for the above Securities; or
they will be sold on commission, at seller's option.
^
BANKERS,
So. 68
DEVONSHIRE STREET,
&
P. F. Keleher
BOSTO:V
First-class
St. Louis City and States of Missouri, Kansas,
Texas. Arkansas and Colorado Bonds a specialty.
Full information given In reference to same on aj^
IlcatiOQ. Coupons and dividends collected.
sale.
Southern Bankers.
WALCOTT &
Walcott,
Frank F. Dickinsov,
Membars N. Y. Stock and Mining BzcbaiiKea.
Job. C.
Geo. H. Prentiss,
BROAD STREET, NEW YORK.
GAS STOCKS
AND
GAS SECURITIES,
STREET RAILROAD STOCKS AND BONDS
AITD
&
Wilson, Colston
Co.,
BANKJCB8 ANi> liUOKJtRS,
WAL8T0N
H.
BROWN.
Walston H Brown & Bro.
and YIReiNIA BKCURITIXS
BANKERS,
i
•peelmltT.
Correnpondenea
lollclted
and
.
A. K. Walkxb, Cashier.
Pree't.
First National Bank,
WILiniNUTON, N. C.
Collection*
made on
all
parte of the
Thos. P. Miller
SPECIAL ATTENTION OITBN TO
TIATION OF
THE NEO0>
RAILROAD SECURITIES.
&
iBoodtft
Orders executed at the Stock and Mining Exchanges.
Mcl^etroiu
&
Co.,
BANKERS,
Co*
MOBILE, ALABAMA.
58 Broadway, cor. Exchange Place,
TRANSACT A GENERAL BANKINO BCSINBSS,
parment.
Correspondents.—German-American Bank, New INCLUDING THE PURCHASE AND SALE OF
York Louisiana National Bank, New OrWous Bank
STOCKS AND BONDS FOR CASH OR ON MAR.
Oi LiTerpool, Lirerpool.
GIN. BOY AND SELL COMMERCIAL PAPER.
Special attention paid to collections, wHh prompt
remittances at current rates of exchange on day of
;
C. V. PixZBL,
j
President.
{
8TATK BANK,
Incorporated
>
IfiiS. (
C.T.Waiabb
Cashier.
German Bank,
I.ITTI.E
CAPITAL (PAm-ui)
8uiiPi.ua
ROCK, ARK.
9T6,000.
3£,000.
Prompt attention glren to all bnslneu In oar line.
N. Y. C0BBK8P0KDKNT8, Donnell, Lawion * Co. and
tti Metropollta . atlonal BanK.
S
Jr.,
BANKER AND BROKER,
BROAD ST., NEIV YORK,
(Drexel Buildino)
BANKERS,
:
John F. Zebley,
Dealer In Inveatment Secnrltlea.
U^ted State*
a08. P. MILLER, R. D. WILLIAMS, JNO. '.MILLIB
CHAS. B. HILLIK.
IN.
11 Pine Street, <New York.
Infonbatlon fw^
CoBBBtpONDXicTa— McKUn Brottaen A ro.
, 5. Bbrbitu,
DEALT
BEE aA8 QUOTATIONS IN THIS PAPER.
•Isked.
v. 1
ALL IlINDS Or
BROOKLYN SECURITIES,
.
BALTIKiORE.
nVKSTMKNT
rBSD. A. BROWN.
C0.9
B ANKBRS,
No. A% Broad Street,
19
Western Investment Securities for
ۥ
Transact a General Banking Business, bny and sell
on commission all securitieH dealt in at the New
York, Philadelphia and Boston Stock Ezchanfres.
either for cask or on margin.
Special attention
given to Mining Stocks.
Co.,
305 OLIVJB STUEKTy ST. LOITIS, Mo*
a
I
J.
Cati, »9 tm
Mmrtim, Sleckt. BtiUt, mnJall Innitwuml
S4t»rUiM, in bt4 1» tmit.
Stackpole,
Stocks
A SPECIALTY.
tvf "nJ Stll tH Ctmmiuim, /cr
Parker
Bailey,
PINE STREET.
Insurance
Co.,
No.
BOSTON.
Jackson
&
Lapsley, Field
KXCHANQE PLACK,
No. 7
D. Seymour Willabd,
Y. Stock Kxchange.
Cyiius W. fieij).
Jk.
Special.
F.
S.
7
r apslkv,
Members N.
CYRua W. Field,
H. Peck,
ANKER AND BROKER
E.
P. O.
D. A. BOODT.
Box
W
MCLILLAN, JR.
RIUBEN LELAND.
Hickling
&
No. 40 Excbange Place,
Buy and
Co.,
New
York,
Stocks onlsmall marfctn. Options 30
days. $100 100 shares. Speculative acconnts opened
With desirable parties. Call or write for information.
sell
New York, New England k Western
INVESTMENT
CO.,
NOS.SI AND S3 PINE ST., NEW YORK,
No. 1» CONGRESS" STllEKT, BOSTON.
UNION BUILDING, CUICAOO.
447.
C.
Special attention ftiren to Defaulted Railroad and
Municipal Securities of IlUnols, Kansas, Mlsaoori,
Iowa and Nebraska.
Correspondence oUdted and full information
given on ail classes of bonds and stc cks.
CAPITAL STOCK,
•
•
•
$300,000
Offers to investors earefully-selected securities
to 8 per cent interest. Investment
bearing from
securities bought and 8(jtd on commission. Settlements made for holders of defaulted securities
Will act as iigents in funding ana reorganising debts
of municipalities, niiir..art companies, and other
corporations. Correspondence solicited.
JOHN C. SHORT, PreslJent
j jjew York.
!"»"»>"»•
GEORGE W. DE1IE>-01SE. V. Pres.
LucFL-y L. HCBBAKD, Asst. Vice-Pres., B(Ctoa
Wm. p. Watsom, Sec. and Tre«>.,Chicago..
:
:
THE CHRONKJLE
ri'HE INTEREST (IN THE FOl.l.qVylNCJ
Mcssre.
IbondB IB payable at the BankliiB Houseof
of Nu.i»nu and
WINSI-OW^NIEK 4 CO.. corjier
Septemafter
un<l
on
Cll^.
Sto?8tr4oUTNew York
BASEMENT,
Deals In Investnient Secnrltlea and
Bonds eenerallf,
Waterwork 88.
„
Dayton ft Mlcliliian Railroad Company—
Second MortiiaKe 7».
Toledo Depot first Mortgage "it.
Toledo Depot Second Mortgage it.
Hamilton County, Indiana—
-WANTED
FOR
Logansport. Indiana—
Kecond Mortgage
Equipment be.
Pomeroy, Ohio—
Revenue Bonds,
Street
.«
6».
Subject to advance without notice.
Full particulars and circulars furnished on appli-
Blackford County, IndianaPrincipal and InlereBt.
Si:PT£UB£K
IS.
Mitchell, Indiana7a.
SEPTEMBER
cation.
JESVP, PATON &
These celebrated smelting works, situated In the
hdart of the most Important mining districts of Colorado, together with other local real estate, will be
offered for sale by auction, on the premises, on
SATURDAY, OCTOBER 16, 1880. For particulars
O.
20.
apply to the owners,
Vermillion County, Indiana^
gravel Road 76.
-
NAVIGATION
RAILWAV
OREGON
01
Jt
CO.Ml'ANY. No. 20 Nassau Street, Now York,
c
Sept 13. 18S0.-The Board of Directors have de(2) I'EIl CENT
of
dividend
clared a quarterly
payable .Nov. 1 at the (illiceof the Karmers' Loan &
Trust Company. .No. 211 Kxehange Place, Now York
niBO a scrip dividend of TE.N (10) PER CENT, payable at the same and place, both payable to Btockholders of record September 28.
,
..
Kor the purposeof preparing foraSpecial Meeting
of the stockholders, to be held at Portland, Oregon,
given
by
October 20 (of which special notice will be
circular letter to stockliolders), the transfer books
will be closed from Sept. 28 until Nov. 5.
HORACE WHITE, Treasurer.
TWO
Mr. WILLIAM LAWSON, WllUamstown, Mass.,
Judge E. P. HARMAN, Denver, Colorado,
Mr. MILLER TIFFIN, Denver, Colorado,
WARD. CAMPBELL * CO., N. Y. City,
JOHN ROEBUCK, 103 Water8t.,N.Y.CIty
Messrs.
OrtoMr.
.
;
„
,
E1.EVATED RAILMETROPOL.ITAN
71 Bkoadway. New Yokk,
WAY*
Sept.
CO., No.
1880.— The
1«,
Quarterly Dividend of
(2}^)
CENT upon the CapiTWO AND A-HALF PERwill
be paid on and after
Stock of this Company
tbe l»t day of October next, at the office of the
Central Trust Company, to the. stockholders of
record on the 20th Inst.
The Transfer Books will be closed on the 20th
Instant at 8 o'clock, r. M., and will be reopened on
the 2d of October next. By order,
JOHff E. BODY, Treasurer.
tal
£STERt«
lINIO.\
TISIiliGKAPM
COMPANY, New York. September 8. 1880.
DIVIDEND No. 53.
The Board
of Directors have declared a quarterly
dividend Of One and Three-Fourths Per Cent upon
the capital stock of this company, from the net earnings of the three montlis ending Sept. 30th inst.,
payable at the office of the Treasurer, on and after
the 15th day of October next, to shareholders of
record on the 20th day of September instant.
For tho purpose of this dividend and of the
annual meeting of the stockholders to be held on
Wednesday, the 13th day of October next, the
transfer books will be closed at three o'clock on the
afternoon of tbe 20th of September instant, and
re-opened on the morning of the 10th of October
B. H. ROCHESTER, Treasurer.
next.
The Brooklyn Trust Co.
Cor.of Montague
York, September
No. 18 W.Aii
14, 1880.
ministrator.
.,.
,
.
.
It can act as agent in the Bale or management of
real estate, collect interest or dividends, receive
and
books,
make
purchase
or
transfer
and
registry
sale of Government and other securities.
Religious and charitable InstitutionH, and persons
unaccustomed to the transaction of business, will
And this Company a safe and convenient depository
RIPLEY ROPES, President.
for money.
CHAS. K. MARVIN, Vice-Pres't.
,
Wm. B.Kendall, Henry Sanger,
DIVIDEND
No.
ST.,
Kolfe,
Thomas Sullivan, Abm.
BROKERS
•
per share has been declared for August, payable
at the office of the transfer agents. Wells, Fargo &
Broadway, on the 25th instant. Also an
E.XTRA DIVIDEND (No. 22),
of same amount, has been declared, payable at the
same time and place.
Transfer books close on the 20th instant.
U. B. PARSONS, Assistant Secretary.
Co., 65
/"kFFICE
OF KILMERS, McGOWAN
an Interest
our business, and he will
hereafter represent us In the New York Stock
Exchange; also at the N. Y'. Mining Board.
HILMEBS, McGOWAN & CO.
WANTED
CIt7,
TOBEYdcKIRK,
.
No. 4 Broad Street, Nc«v York.
All kinds of
WANTED
MISSOURI and
FAULTED COUNTY BONDS.
price paid for them.
address,
I..
A.
BANKER
Give
ILLINOIS DE-
ITIoblle
& BORG,
IiEVY
H.
WALL
STREET.
L. Grant,
BROADWAY,
No. 146
NEW
YORK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
7 Per Cent Mortgages,
A
choice line
SMITH
the Stock Exchange.
Correspondence
&
Co.,
BROADWAY, NEW YORK,
DEALERS IN
FIrst-CIass Investment Secnrlties.
QDViCHNMENT BONDS, STATE. CITY' COUNTY,
KAILKOAD* MISCELLANEOUS SECUKITIKS
SOUlBEKN SECURITIES A SPEC1AL2T.
NEGOTIATED.
LOA.N'S
C.
chew,
J.
No. 7 WALL STREET, NEW YORK.
TEXAS RAIt,WAYS,
BONDS, liANDS, &.C,
Desirable Texas Securities for Investment constantly on hand.
WOOD MANTELS.
PIER AND MANTEL MIRRORS
ARTISTIC
OPEN FIRE PI.ACES
BROKER,
75
FOR WOOD OR COAL.
T. B. STEWART & CO.,
k 7T West TWE.vTy-THiHD St., New York.
:
Chicago City Bonds.
Cook County Bonds.
Chicago Gaslight & Coke Co. Stock.
Lake Superior Iron Co. Stock.
N. Chicago Rolling Mill Stock.
Elgin National Watch Co. Stock.
FOR SIEE:
Champion Iron Co. Stock.
Republic Iron Co. Stock.
Union Iron & Steel Co. Stock.
Railroad and
Town Bonds.
LOCAL AND WESTERN INVESTMENTS,
DKFAULTEU BONDS, &c.
INTEREST Allowed ox Deposits.
CABINET,
lIAN5iAIIfAN,
WANTED
solicited.
BANKERS AND BHOKERS,
66
Sc
Indianapolis, Ind.
of Inveitment Bonds always on
hand.
full description,
134 N. Third street, St l.ouIs, JBo.
Gt. Northern,
and
Ohio Railroad Bonds ;
City of New Orleans Bonds.
Ac
or on approved margin,
sells for.cash,
all Securities dealt in at
COaUARD,
A nT)
&
Orleans JTaclisan
JXllssisslppi <'entrai,
and City Loans.
Buys and
:
Highest market
ucd
New
FOR CHOICE
Negotiates First-CIass Railroad, State,
MISSOURI, KANS.\S and XEBRASKA.
All CLissES of Railroad Bonds.
WANTED
Alabama, South Carolina Sc Ijonlslana
State Bonds;
of N. Y. Stock Exchange.)
Bought and Sold on CommlBsiOB.
Virginia Tax-ReceitxibU Coupons Bought.
ALSO,
DREXEL, MORGAN & CO
NEW YORK.
:
Conntr and Towuklilp Bonds
OF THE STATES OF
desire to sell rather than extend.
See quotations of City Railroads in this paper.
PINE STREET,
27
& R. A. Lancaster
in
may
14
A. Moran,
Daniel
^-'CO.. 63 Wall Stkeet, New Yokk, Sept. 1.
1880.— We have this day given Mr. WM. H. COL-
HOUN
23 WALL Street, New York, June 25, ".880.
Referring to the above notice of the New York
Lake Erie & Western Railroad Compiny, we are
mjw ready to receive any of tbe New York & Erie
Railroad Fourth Mortgage B<oids for extension.
Wq are also prepared to buy at 100^ and accrued
interest any of tjie bonds the holders of which
IN
Foreign Exchange, Stoclss and Bonds,
63 WaH Street, New York.
Special attention paid to orders at the New York
Stock Exchange and New York Mining Board.
(Member
of Thirty Cent s
This Company has made an arrangement with
Messrs. DREXEL, MORGAN & CO. to extend Uie
Fourth Mortgage Bonds issued by the New York k.
Erie Railroad Company, maturing Oct. Ist next, the
principal payable in forty years from that date, and
the Interest April 1st and October Ist semi- nnually,
at 5 per cent per annum, both in United States gold
of the present standard, weight and fineness.
The right to extend, as above, has been reserved
to such ot the present holders as may desire to
avail of it and shall deposit their bonds for that
purpose with Messrs. Drexel, Morgan k Co., prior to
the 15th of September next.
Such bonds as may not be extended by the holders,
or be presented for that purpose by Messrs. Drexel,
Morgan & Co.. will be paid at maturity.
H. J. JEWETT, President.
HilmerSjMcGowan & Co
NEW
81.
The Regular Monthly Dividend
New York Lalce Erie &
Western R. R. Co.
New York, June 25. 1880
Office of tlie
Alex. McCne,
Chas. B. .'Uarvin. A A. Low.
B.Baylis, Henry K.Sheldon
H.E. Pierrepont. Dan'l Clianncey, John T. Martin,
Alex. M. White, Josiah O. Low, Klpley Ropes,
Austin Corbin. Edmund W. Coriles.
WM. H. BUNKER, Secretary.
John P.
CO.,
52 'William Street.
Edgar M. Cullen, Counsel.
TRUSTEES
•
'
N. Y.
is
OFFICE OF THE HORIESXAKE
MLNU^Q COMPANY,
4 Clinton sts., Brooklyn,
authorized by special charter to
act as receiver, trustee, guardian, executor, or ad-
This Company
96
Price,
OF DENVER, COLORADO.
Company-
SEPTKMBER
Schoolhouse
TRUSTEES:
Co., of New York, and James
Cheney, of Indiana.
Per Cent and Accrued Interest,
The Central Trust
THE SWANSEA SMELTING WORKS,
8«.
Equipment Trust
Bonds.
AUCTIOX NOTICE.
8«,
1920.
1,
Interest payable In New York June 1 and Dec 1.
I'rlnclpal and Interest payable in U. S. Gold Coin.
Bonds can be regrlstered at the ofHce of the Company, bO Broadway, New York.
Manhattan Beach Stock.
78.
Scioto Valley Hallroad
PRINCIPAL DUE JUNE
:
SAIiE:
New York 4 Greenwood Lake
„
x»
r>^
Railroad CO.—
ee.
Improvement
Richmond, IndianaSecond Funding
RAILWAY COMPANY
PER CENT GENEKAL MORTGAGE BUND«.
SIX
Toledo lx)gar!8port & Burlington Bonds.
Union * Logansport Bonds.
Borne Watertown & Ogdensburg Bonds.
Annuill Hi^.
IndlBimpolis, Indiana—
Bchoolhouflc 6«.
FlttBburg Kort Wayne & Cblcago
Klrst Mort^ilKU 78.
A LIMITED ABrOUNT OF
WABASH ST. LOUIS & PACIFIC
NASSAU STREET,
17
Debenture 78.
Colunibua. Indiana—
6b.
FOR SALE:
Albert E. Hachfield,
ber 1. 18S0;
Central .Mint Coropaoy—
Kunded Loan
Financial.
Financial.
Financial.
XXXt.
[Vol.
No. 100
A. C.
KEED
C.
A.
DEARBORN
CO.,
&,
ST.,
CHICAGO.
J. n.
REED.
WANTED
BREESE.
:
& Bay City Ilallioad Bonds.
& Grand Trunk Hallroad Bonds.
Flint & Pere Marquette Railroad Securities.
St. Joseph & Western Railroad Securities.
Detroit
Chicago
South Carolina Railroad Securities.
Wisconsin Central Railroad Liind Grant Bonds.
County, City and Town Bonds of Western states.
City of St. Joseph. Mo.. 7 iind 10 Per Cent Bonds.
Iowa Central Railroad Old Bonds.
FOB
Atchison Colorado
k
S.tL,E:
I'acilic
KK. 1st Mort. Bonds.
and Stock.
Scioto Valley Railroad Bonds
New
Jersey Midland Hailroa^l
WM.
1st
Mortgage Bonda.
R. UTI.KY, 31 Pine
St.,
N. *.
I
.
.
xmtlt
HUNTS MERCHANTS' MA.GAZINB.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Congrces, In the year 1880,
YOL.
by Wm.
B.
Dana & Co., In
the
office of
SATURDAY, SEPTEMBER
31.
the Librarian of CkmgreBg, Waglilngton, P. C.l
BARKINGS FIRST
CONTENTS.
NO.
1880.
18,
WEEK OF
BEITEXBER.
1880.
1879.
$
9
35,284
173,549
35,884
275,000
32,500
15,539
90,570
80,516
22,630
31,885
217,007
101,439
43,964
41,619
183.000
23,234
3,319
78,714
27,028
12,130
166,300
61.990
34,985
133,962
21,295
226,615
23,066
17,176
85,760
23,012
18,480
21,147
192,727
82,463
41,101
32,811
105,038
7,266
Inereate. Deereate.
THE CHRONICLE.
Latest Monetary and Commer295
cial English News
Commercial and Miscellaneous
Railroad Rates and Earnings. 201
292
Almost a Wreck
Ttirkcy and the Question of
297
News
293
Reform
Wo\ild the Inter-Oceanic Canal
294
Pay!
Securi-
8.
Railway Stocks, Foreign
Exchange, Now York City
298
Banks.eto
ties,
Chicago & KiiHtern Illinois
Chicigo Milwaukee & St. Paul.
Chicago St. Paul Mlnn.& Omaha
& Springfield
Clcv. Col. Cin. & Indianapolis.
I
I
Quotations of Stocks and Bonds 301
302
New York Local Securities
Investments, and State, City
and Corporation Finances... 303
THE COMMERCIAL
TIMES.
314
307 Dry Goods
307 Imports, Receipts and Exports 314
312
Commercial Epitome
Denver
&
Rio Grande
& Perc Marofuctte
Flint
Graud Trunk
Breadstnils
]
of
Canada*
Great Western of Canada t
Hannibal & St. Joseph
International & Gt. Northern.
I
Cotton
& Northern.
Cinclunuii
THE BANKERS' GAZETTE.
Money Market, U.
Burl. Cediu' Rapids
Menipliifl
iV
Charleston
.,
.
.
.
Meinplils Paducah & Northern.
MisKourl Kansas & Tc^as
St. Louis Alton& r.H.(raain iinei
Do
do
(branches)
Louis Iron Mt. & Southern..
Louis & San Francisco
Paul Ac Sioux City
.
Scioto Valley
Toledo I'eoria & Warsaw
Wabash St. Louis & Pacific
St.
St.
27,291
9,468
30,437
St.
The
CosiMBRCiAii ANir Finahcial Chrojocub is issued every Satur-
day morning, with
the latest
news up
to
midnight of Friday.
[Batered at the Post Office at New York, N. Y., as second-class
mail matter."]
TERMS OF SUBSCRIPTiON-PAYABLE
IN
ADVANCE:
For One Year (including postage)
f 10 20.
ForBlxMonths
do
6 10.
Annual subscription In London (Including postage)
*2 7s.
Sixmos.
do
do
1 89.
do
Subscriptions wlU be continued nntil ordered stopped by a written
order, or at the jynblication office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
Advertisements.
Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made. Special Notices in Banking and Financial
column 60 cents per line, each Insertion.
liondon and Eilverpaol Offices.
The office of the Ciieoniclk in London is at No. 74 Old Broad Street,
and in Liverpool, at No. 5 Brown's Buildings, where subscriptions and
advertisements will be taken at the regular rates, and single copies of
the paper supplied at
WILLIAM B. DANA,
JOHN a. FLOYD, JR.
Is.
WILLIAM
79
J
•
9
299
"i;687
io,8i6
55,504
4,1.50
10,738
24.3-10
18,974
2,803
8,808
77,902
15,988
1,405
2,414
78,774
25,054
11,402
142.673
47,545
25,015
6,683
27,097
202,823
"2,574
748
23,627
There
is
thus,
it
will
432.685
430,988
1,607
seen, a gain of about
26 per
Week ending Sept.
t
be
3.
cent on the very favorable figures of last year.
exhibit
is
the
W
14,451
2,276
2,785
2,740
42,302
2,073,234 1,642,246
Total
Net increase (20 per cent)
Week ending Sep t7 11
$
39,587
14,589
48,385
6,840
more gratifying that the movement
This
of grain
thus far this season has been light, tie low prices current
and the backwardness of some of the crop tending to
retard shipments.
Last year exactly the opposite conditions 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 unoflSciaZ
statements of increase, published in the newspapers, are of
the
same tenor as the returns here given. The different
seem to share alike in the continued
sections of the country
The roads reporting are mostly situated in
West and Northwest, but there are enough from the
improvement.
each.
)
245,125
795.
<c
B.
DANA &
CO., PabJishers,
81 Willi^n Street,
NEW
POST Office Box 4592.
YORE.
EST" A neat tile cover is furnished at 50 cents postage on the same is
18 cents. Volumes bound for subscribers at $1 20.
Bp° For a complete set of the Commercial and Financial Chronicle— July, 1865, to date—or Hunt's Merchants' Magazine, 1839 to
1871, inquire at the office.
the
South and Southwest to indicate that these sections keep
well
up with the
rest of the country.
;
RAILROAD RATES AND EARNINGS.
Reports of railroad earnings for the first week of September, 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
has been so long predicted that earnings were to fall
off; and, furthermore, last September was a very satisit
factory month.
As
table all the figures
have yet come
much
we have brought together in one
for the first week of September that
railroad earnings are attracting
attention at present,
to hand,
and give them below.
It
should be remembered that with each succeeding
week we are comparing with more and more favorable
returns for last year.
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, however, 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
exhibits for subsequent months of the year, particularly
THE (CHRONICLE.
292
[Vol.
XXXL
prices might be able to bring on a railroad war. A specudo no better in coming lator could afford to pay a good many thousand dollars to
This is the unfortunate feature of
the corresponding months be inside such a ring.
marvelous.
those for October and December, were simply
therefore the railroads
Although
months than they did for
of 1879, they will be doing extremely
Of course there is a natural tendency
any forced arrangement to break
such combinations.
well.
largely
for contracting parties to
But the actual results during the winter must
but in prosperous times the welfare of the
that the away from it
depend upon rates, it being generally admitted
this tendency until some such selfish
in
counteract
roads
will
be
probably
will
volume of passenger and freight traffic
have
indicated
is to be served, and then
purpose
as
more
we
been
have
rates
year
So far this
excess of last year.
But
are
there
not
strong reasons for .believthe
chaos
reigns.
for
And
before.
time
long
satisfactory than for a
will ing that a break which has such an origin could not be of
they
that
probability
every
is
there
at least
;
present
We have a strong argument in long continuance
continue satisfactory.
in
the action of the committees of
theory
this
of
support
It will
the trunk lines at their meetings this and last week.
?
ALMOST A WRECK.
up
be remembered that the most important matter that came
At a time when railroads all over the land are rapidly
authenticated
well
at those meetings were the only too
and positively improving in income and credit, an excep" in rates by some of the Eastern trunk
reports of a "cut
In fact the condition becomes peculiarly conspicuous.
Which road took the tions are now so universally favorable for this description
lines on east-bound business.
regular
initiative in making contracts at less than the
of property, that most people would pronounce an excepthe
Trunk,
Grand
the
either
It
was
certain.
tariff, is not
And
tion impossible without grossly bad management.
Erie
New York
the
or
embraced
chiefly
The
Central.
traffic
affected
shipments of grain and. live-stock to
New
yet a
little
road,
showing for several years an increasingly
prosperous balance sheet, and running between two of the
—
all business
most important cities of Texas that wonderfully progreswas 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
After mutual recriminations as to who at the facts of this case.
line executives.
was 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 Bailroad was sold under foreclosure and reorganized.
The managers being brought face Previous to that date its mortgage debt was $5,750,000
*11 classes of business.
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^
The same influences that operated to compose the present inches. In September, 1877, considerable injury was done,
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 ia a veiy hopeEarly in this year the
Bay, but it was speedily repaired.
ful feature in the situation. There always will be a temptaWe have
road was reported to be in excellent condition.
tion now and then to accept less than the regular rate.
prepared the following interesting statement to show the
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
MBT DJCOME or THE GALVISTON HOC8T0N 4 HENDEB80U RAILROAD.
to retain, will naturally be tempted to make a concession
England, but the trouble threatened to involve
—
It
unless speedily settled.
;
A
from
tariff
quotations, being fearful lest the business be
diverted to other channels.
All carriers have such cus.
them yields to the temptaThe other roads soon hear
tion and makes a special rate.
of it, make like concessions, and then the difficulty begins
tomers, and occasionally one of
It is a fact that
in real earnest.
rates
owe
almost
all
disputes about
their origin to contracts of this kind.
When
such irregularities occur in times of poor business a railroad war follows, the roads being indifferent about main-
Tot.
Ttar.
Tranp'n
gnn exp.,
toMS
truffle.
it
inrur'ee
interest
charge.
ItuMme
At. efmrgt
after pay- per ton of
m'tofinl.
freight.
9
9
$
9
383,037
483,950
440,198
384,183
402,198
304,103
290,385
307,286
366,017
249,160
215,224
170,490
180,214
148,872
205,053
229.560
104,510
104,510
104,510
104,510
104.510
104,510
104,510
104.510
261,507
I44,65«
110,714
65,980
75,704
41,362
100,545
125.050
9
1872.... 751,054
1873.... 733,110
1874.... 655,422
1875.... 554,673
1876.... 582,413
1877.... 452,975
1878.... 495,440
1879.... 536.817
Annual
yet
traffic.
Cents.
....
365
301
2-63
211
1-87
2 15
1-96
months of 1880 show a
But even
portion of business by carrymg on lower terms. When,
however, 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
taining rates, each expecting, in fact, to increase
its
pro-
The earnings
for the
first
six
further decided increase over those for 1879.
ferences
agers
they
arise
are
shrewd
disposed to
slip
let
are
soon
business
an
The man- assurance of the present prosperous condition of the propare not erty and, if honestly and wisely managed, of a most sucmake money for cessful future. Looking at it in an impartial way, and
adjusted.
men and
opportunity to
they
themselves and their stockholders.
It is because we are
in the midst of a period of great activity and constantly
increasing traffic, that we have faith in the maintenance of
paying
And
rates.
yet there
is
through a comparison with other securities, we should say
that a fair inference from such facts is that the 7 per
cent bonds ought to be above suspicion and worth at
least 110, and that the stock could not long remain
one weak link in the chain that holds below par.
If every railroad manager were
But just here
these companies together.
above suspicion of
ever manipulating
the market for
we
are told there
his own private gain, we should, for the reason stated,
consider the present floating rumors unworthy of a moment's have actually had to
We
is
a floating debt stand-
ing against this company so large and unmanageable that
notwithstanding this showing the president and directors
lie
down under
it.
In the face of
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
ariaea out of the fear that some one interested in breaking an immense burden through weary years, and a feeling
consideration.
do
not,
even as
it
is,
believe there
^^7"
SEPTEMBER
THE CHRONICLE.
18, 1880.J
akin to pity for these prostrated
ofBce-bearera
sorry to say this
is
spontan-
Yet we
are
merely a momentary sensation, for
how
eously arises in every philanthropic breast.
quickly sympathy changes to surprise when, on investigation of the
company's
reports,
official
it is
found that the
293
but there must be some
mode
of relief
a policy so short-sighted and
(that
is
from the
disastrous.
results of
How
agents
can delegate their powers to
directors)
other
agents, so as to involve their principals' (the stockholders)
property, we do not know.
Still, if a majority of the
was only about $100,000 stockholders should attend that meeting, it might be held
on the .3l8tof 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
Hero is
stay there a year and the debt would pay itself
TURKEY
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
total of these floating obligations
!
1878.
IS'??.
payable
Other liabilities
Bills
Tot al
According
total
1879.
time advances.
as between Albania
$104,943
156,060
*17,544.
$13,000
131,670
D0,9'29
$261,003
$179,214
$103,929
to this, if the decrease in
than in 1879, the
AND
floating debt
1880 were no more
outstanding next
In the settlement of the boundary linds
and Montenegro on the one hand
and Albania and Greece on the other, little if any progress has been made since the Supplementary Conference
confirmed and reasserted the provisions of the Treaty of
Berlin.
It is no longer doubtful that the Sultan and his more
December would reach the immense sum of $30,000
immediate advisers 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
I
I
according to
oflScial reports,
has a clear net income in 1879,
over and above expenses and interest charges, of $125,000,
with a floating'debt of $104,000, which floating debt had
The annual meeting was held
Almost immediately thereafter a
decreased in 18V9 $75,000.
January
1880.
27,
proposition
is
made to
raise
$250,000 on a second mortgage,
and a meeting of stockholders
that meeting
these
it
is
is
made known
called to authorize
to
constrain
encouragement
Albanians
the
is
into
submission,
attitude of resistance.
On no
other supposition
ble to explain the conduct of Riza Pasha,
the head of an
secret
given them to persist in their present
armed
is it
who was
force, to see to the peaceful transfer
of Dulcigno to Montenegro, but
who
has allowed himself
become a tool in the hands of the Albanian
At
The mission of Riza Pasha has degenerated into a
on
to
it.
that the rate of interest
Equally ludicrous
new mortgage bonds
is
possi-
sent, at
chiefs.
farce.
the proposed naval demonstration.
is to be 10 per cent, and subsewas said the bonds were actually offered at 90 with Twice over within the last two years have the representano takers. We know very little about that matter, tives of the Powers met in Conference on the affairs of
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
proposed
to frighten Turks and Albanians into obedience
informed one of the officers.
That is of little moment,
by
a
joint naval demonstration, the commanders of which
however
the important fact is that the management
have positive instructions neither to land troops nor to do
destroyed its own credit by offering such a security.
Any
banker in this city on the showing of the company we have anything else which would have the aspect of hostile intent.
made, if satisfied with the management, would have It would seem as if the Sick Man and his doctors were
quently
it
;
equally at their wits' end.
7 per cent bond, sufficient in amount to
There is much reason to fear that the disease which is
take up the floating debt, at par on a fair commission. To
offer any greater interest than that in these times, was gnawing at the vitals of the Ottoman Empire is incurablej
virtually saying to the public the security is not good for and the hesitancy which the Powers evince in carrying out
their decisions would seem to favor the conclusion that
anything and shutting it out from a legitimate market.
they
have no hope of effecting any permanent cure, or
The rest of the story is quickly
quickly placed a
told.
these circumstances, no
Of
course,
under
second mortgage was issued.
On
indeed of doing anything to prevent an early and com-
company defaulted on its first mort- plete collapse of the tottering and moribund fabric. The
gage bonds. On the 21st of August the president and impression has become general, and it cannot be said to be
directors virtually abdicated ;• that is, they acknowledged ill-founded, that the Turkish Empire is doomed; and it
themselves incompetent and turned the property over to would seem to have become a question in the high places
Mr. N. A. Cowdrey, trustee of the mortgage (we under- of power whether a brief temporary salvation would be
stand that the ether trustee has refused to act), in a most worth the cost and labor, without which it could not be
It is not improbable that Dulcigno may be
surprising manner, directing him, in a bold, free, limitless procured.
kind of way, to make any advances he thought necessary transferred to Montenegro, but the transaction is certain
the
first
of July the
reimburse himself, with interest at the Galveston to leave heart-burnings behind it; and it is difficult to see
rate, whatever it should be.
As Galveston has no well- how, in this same region, future trouble is to be avoided.
established money market, and as 12 per cent is, we Supposing the Montenegrin difficulty were ended, there is
beUeve, the contract rate allowed by law, and 2 per cent the similar difficulty with the Greeks; and then there is the
or more a month what planters frequently have to expectant attitude of the Bulgarians and Servians, both of
and
to
pay
in
that
this
other
Southern
States,
the
upshot
of
apparently prosperous
whom,
it
is
little
road, unless the
security-holders bestir themselves, is wrecked.
meeting
of stockholders is to be held at Galveston
A
capital
secretly encouraged
out of
Sooner or
the
by
Russia, are eager to
misfortunes of
the
falling
make
empire.
later, in spite of all the fostering care and prowhich
can be given her by her neighbors, the Ottoon the first day
man
Empire must disappear from the western side of the
of October to confirm the abdication act of the
directors
and the transfer of the trust. We do not know what the Bosphorus; and the peculiar conduct of the Great Powers
^^^s °f Texas affecting a company in this situation are, is perhaps best explained by saying that they fear to do
anything which might have the effect of precipitating a
^^' tUe contract lufuU on a subsequent page In our Railroad
Kews?
catastrophe, the far-reaching consetjuences of which they
tection
THE (JHRONK.^LE.
291
iVoi. XXXI.
the less to blame than the system with which they are
can but dimly conjecture. The sudden collapse of
neighenvironed.
It will be well for them if they can with a
the
of
cupidity
tempt
the
Turkish Empire would
there
good
grace
spoils
comply
with the wishes of the Powers; but the
the
for
struggle
the
and
in
boring Powers;
disturbsettlement
of
the
Greek
and Montenegrin difficulties will
serious
a
wars
but
disastrous
only
might be not
not prevent further demands, nor hinder the march of
power.
balance
of
the
of
ance
For the state of things which now e.xists in the Turkish events which point to the early and final extinction of
•
cause;
it would not be difficult to find sufficient
not so easy to single out any person or class of
It is not difficult to
persons on whom to lay the blame.
say that the Sultan is stubborn, or blind or undecided, or
Empire
but
it 18
badly advised.
The
But this explains nothing.
Sultan,
It is felt by
in fact, cannot do other than he is doing.
of MosEmpire
the
that
him
around
all
himself and by
lemism is at state, and that every concession made to the
Christians, whether in the shape of land or privilege, is but
Moslem
rule in Europe.
WOULD THE INTER-OCEANIG CANAL PAY»
This important practical question obviously involves
not more the extent and character of the
traffic
canal might secure than the cost of construction
the
and
maintenance. The latter is an engineering subject, not
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.
Concession is no part of a MohamThe mode of investigation followed, by Mr. Nimmo is
was by the sword and triumphant
the
practical one of examining what portion of combuilt.
trust in the prophet that the mighty empire was
merce
could profitably use the canal. Excluding first
of
hope
no
Better to perish, sword in hand, if there is
all -trade which could not be attracted by it, on the single
Sultan
The
religion.
salvation, than to go back upon his
consideration of distance, the compiler reaches a total of
is the head of the Mussulman church, as he is of the Musi
2,81 S vessels, of 2,938,386 tons, which are employed
truth,
is
in
authority,
ecclesiastical
His
sulman State.
much more extended than his civil authority; for he is the now on voyages that would be shorter by way of the
canal than by any other practicable route. But distance
recognized head of all orthodox Mussulmans, beyond as well
Nor is he permitted is not the only governing consideration, and so the comas within the limits of the empire.
piler deducts from the above (1) traflic between the
because of his high position, to forget the duties which
Atlantic States and Australasia; (2) that between our
devolve upon him as the representative of the prophet. It
Atlantic
ports and Chili; (3) that between Europe and
is only a few days since, according to a trustworthy disvia Cape Horn, all of these three being likely to
Chili
in
patch from Constantinople, the Imaum of the Mosque,
continue to round that cape; (4) a large part of the
presence of the Sultan, denounced him as an unworthy
trade between our Atlantic ports and China and Japan,
for
lending
his
upbraided
him
Caliphs,
and
successor of the
under competition from the Suez route and the Pacific
ear to those who would make Christians and Mussulmans
railroads.
With these, and some other, deductions
equal.
made
from
trade might have passed through the
what
It is thus manifest that the Sultan has to consider
proposed
canal, the following statement of what probnot only the wishes of the outside Powers, not only his
own feelings in matters of public policy, but the feelings ably would have passed through it is reached.
hastening the end.
medan's creed.
and wishes
sions, in
It
of a fanatical priesthood.
In making conces-
granting reforms of any kind, he must act within
the spirit of the Koran, as that spirit
is understood and
set forth by the acknowledged interpreters of the words of
the prophet. There is but one favored and privileged
people
—those who
Koran.
place.
hold the truth as exhibited in the
All others must be contented with a second
" Christians
may be
protected and cherished as
JVo.
Tons.
Veasels between Atlantic ports of the United States
and Australia
Vessels between Atlantic ports of United States
and
Chili
Vessels between Europe and Chili
Vessels between Atlantic ports of United States
53,685
24
372
17,120
368,193
and China and Japan
64,404
All vessels trading in fertilizers (except from
Pacific coast) with the Western coast of South
America
810
810,000
1,337
1,313,602
by their parents, but they must be held in
The value of the trade which might have passed
and not treated as equals."
Such are the through the canal is stated as 240 millions, based upon
children are
subjection
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 160^
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 tfius
•words of the
stated.
no longer embodies tbe faith of the nation, reform will
Commerce which Percentage
have become practicable, but not till then; and, as that
Total Foreign
might ham
of the
Commerce.
taken
the Canal Possible
must be regarded as a remote contingency, reform must
Route.
Canal
Commerce.
come at the expense of the empire. Outside pressure
$1,157,415,000
7-30
must continue, and as the Porte cannot yield it must
$84,495,000
United Kingdom
2,989,270,000
82,603,000
2-7G
1-.53
retire.
In times gone by it was convenient for the authori1,755.715,000
27,220,000
ties at Constantinople to pacify the Powers by making
Passing to the consideration of the influence of the
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 contion 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 movehave but to choose between standing still and courting
ment at lower rates but elower 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 which
they find miles via Cape Horn, 6,260 via Panama, and 2,824 by
themselves and from ivhich they cannot escape
they are rail, the time being respectively 125, 26, and 20 to ?3
;
. ...
September
days, but that
daily,
trains
THE CHRONICLE.
18, 1880. J
if
busincBS
New York
warranted through freif^ht
and San Francisco could be
to be
295
loose, just as estimates of its cost are to
Nevertheless,
small.
it is
fallacious to
be too
measure the pos-
brought within 12 to 14 days of each other. Further- sible traffic by sifting out what quantities out of existmore, the important point is mentioned that a large ing commerce might or would be diverted to the
part of shipments east or west from either coast to canal route, and, therefore, Mr. Nimmo's method of
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 question should be not so much what trafiic will the canal
isthmus does or can compete. In general, the suggestion
is that the bulky materials, which can pay but little
freight, would continue to go via Cape Horn, while tlie
divert, but what traffic will it create ? The fact is, that
commerce develops so rapidly that we cannot measure it
the rail. In the opinion of the leading house here now as we measured it once. Averages taken from past
engaged in the tea trade, "the transportation of the periods have no force; and if we extend them over
valuable commodities, such as silks and teas, would take
entire crop across
the continent
i?
only a question of longer periods
tion,
time."
in order to broaden their base of observatake in such sweeping changes in the conditions
we
The estimate of the shipping which would probably
have used the canal 1,500 vessels, of 1,025,000 tons is
confirmed, Mr. Nimmo thinks, by comparison with acThe probable traffic
tual experience of the Suez Canal.
above stated is 65 per cent of the estimated possible
traffic; the actual traffic of the Suez Canal, in the latest
year reported, was 3,291,553 tons, or 52 per cent of
what might have used it, on the basis of length of voyage
that the results are rendered quite worthless. There are
no data to bo found anywhere in the experience of other
countries any more than in that of this one. The canal
scheme should be severely sifted, but it should not be
forced to demonstrate itself under an inadequate measure; it should not be dwarfed by forgetting the future
expansion of commerce.
alone.
||lottctavug(!:;0«xnxevctal guglislt
—
—
^tms
Admiral Ammen, who (as is well known) is the advo- RATBS OF EXCHANGE AT LONDON AND
ON LONDON
cate of the Nicaragua Canal route, has published some
AT LATEST DATES.
comments on Mr. Nimmo's report. He argues that, be- EXOBAfiOE At LONDOX—Hepl. 4. EXCnANOE oy LONDOK.
1
cause interminable calms, delaying sailing vessels, occur
in the Bay of Panama, and because only three sailing
On-
Time.
Anisterdam
3 inos.
Short.
3 mos.
Short.
3 mos.
.
vessels passed through the Suez Canal last year, it does Aiustenlaiu
Autwerp
not follow that sailing vessels would avoid an Ameri- Paris
Paris
can canal, even though no tolls were charged. Hamburg
The objection of calms ou the Panama route, Berlin
Fraukfort
Bt.Pelorsb'rg
he
says,
not apply
to
does
the
Nicaragua
Vienna
Madrid
moreover, the
Suez
canal
does
not
present a Cadiz
Lalcsl
Vate.
Rate.
. .
....
.
.
;
liate.
Short.
13-14
i
Short.
2.i-3(J
Short.
20-b6
20-50
4
25-52i2S2,5-37i2
20-70 a20-74
Sept.
4
20-70
20 70
24=8
®20-74
320-74
®24'9
12-00
471a
®12-02i£ Sept.
Sept.
Sept.
25 -SS
4
•*
"
4
20-50
....
4 3 mos.
117-70
3 mos.
27-80
ai~M
47% ®47i9
Genoa
Time.
4
12-412 ®12-5
Sept.
®12'3
12;!
2.5-32>s®2.=)-?732 Sept.
2;^•32l3a3.5':^7l2 Sept.
28-20 ®28-2o
28-20 -aas-si
28-20 -a28-25
52Il,g®s^i3
two most important reasons the Red Milan
Sea and upper Mediterranean are subject to sudden and Naples
Lisbon
Sept. a Short.
4 8118
violent gales in winter (with little sea room) and to New York
Alexandria..
Sept. 2 3mo8.
9(i
Constant'ple
calms in summer, while the alternative route via
BomlLiy ....
Is. S^ed.
Sept. 4 4 mos.
ls.8Sied.
Is. a^sd.
Sept. 4
Is. 86ied.
Good Hope is favored by wind currents. Again, he C'alcntta
Hong Kong..
3s. y^o.
nrges, the Cape Horn route runs 21 degrees further Shanehal
....
53. 3d.
south than the Good Hope, is much larger in its waste
[From our own correspondent.
of distance, and vastly rougher every way
LojroojT, Saturday, September 4, 1880.
and from
The weather during the week has been remarkably fine, and
San Francisco to Liverpool the distance is 13,665 miles
The crops more
via Cape Horn, and only 7,000 via the Nicaragua route. harvest work has made rapid progress.
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 commersupplies 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 hastilywhich it might further this factor was not in his gathered in. The cause of this was that the weather was
province to consider, for he had only to inquire how far unsettled, and apprehensions existed that we were going to
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
parallel case, for
:
1
.
.
•*
|
|
1
1
I
;
;
—
Ammen
urges that, were there fifty railroads, and were true, disease in the potatoes in some places, but the weight of
wheat given to them, they could not afford to carry it the crop is almost unprecedented, and the disease appears to
across
the continent;
that the diminution of traffic
through the isthmus proves nothing, because it is current
that there is no real competition between the
belief
apparently rival routes ; that many products of the
western coast— for example, timber, wool, wine, and oil-
could go by water but not by rail
that many valuable
;
products must have water carriage or none
that
;
present signs point to the verification of a
prophecy long
ago made to him, that our cotton is capable of supplying the looms of Japan and China,
and that, after
a
canal
completed, more cotton will eventually find a
way through it than the entire crop grown in the country at the time the prediction was made.
Estimates of the traffic of such an enterprise
is
are liable
have been arrested by the recent dry weather. Vegetable food
now very cheap, and it is likely to remain so during the
winter. Bread also is low in price, and consumers should be
satisfied even if no further reduction should take place.
In a
very brief period we shall have entered fairly upon the new
season, and our markets will soon be supplied with home-grown
produce of good quality. Even allowing for the fact that the
summer rains were disadvantageous to the wheat crop, and
that the crop in point of quality and condition will be below
the expectations formed of it in the spring, farmers will have a
moderate quantity of produce to dispose of, and it will possess a
quality which will make it a more marketable commodity. The
season is undoubtedly one of full average abundance, and there
seem to be indications that the work of preparing the land for
new crops will be conducted under favorable conditions.
The money market has been decidedly firmer during the
week, owing chiefly, if not entirely, to the demand for gold for
is
—
—
—
—
:
THE (mRONICLE.
296
rVouXXXI.
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
any change
risen 'Gwalior' took £17,900 to Bombay and £39,100 to Calcutta.
has
rate
market
open
the
but
per
cent
being still 2^
The statement There were no shipments from Venice last week. Mexican
to iM®2% per cent for three months' bills.
drain Dollars.— About £50,000 in value arrived per Moselle.' The
receJTed from New York to the effect that America will
Europe during the next few months of £10,000,000 in gold price of those for disposal was fixed at 61 %i. per oz.,but the marquarters the ket has subsequently been somewhat lower, sales having been
has had considerable influence; but in many
made at 51 /id. per oz. The shipments per 'Gwalior' were
is drawn
Attention
exaggerated.
is
estimate
opinion is that the
moderate £27,000 to Penang, £21,400 to Hong Kong and £1,860 to
to the fact that, although Europe will have to make
purchases of grain in the United States during the new season, Shanghai."
that
The quotations for bullion are as follows:
the price we shall have to pay will be considerably below
not, however, as
portation to the United SUtes, which has
considerable proany
assumed
concerned,
is
conntry
this
far as
have not made
portions. The directors of the Bank of England
quotation
in their rates of discount, the published
£34,000, per
'
;
'
which has been incurred during the last twelve months. Wheat
the prospect
is now cheaper than at this period last year, with
of a further decline in value. At this period in 1879 the value
was a rising one, and an advance of quite 15s. per quarter took
place ; but an opposite movement is now in progress, and there
1879-80.
Is no chance of wheat becoming as dear this season as in
therefore, for food during the new
less than in the season just conconsiderably
will
be
season
claded ; and chiefly for this reason it is believed that it will
The expenditure of.Earope,
not be necessary to send any large quantity of gold to the
United States. Germany and the Continent have been purchasing largely of wheat of late, and if there is any doubt as to the
future movements in gold, it arises out of the probable demands
opon France and Germany, and the measures which those
countries may choose to adopt to protect their supply. There
however, no reason to believe that the value of
will rise to a point which will interfere with legiti-
seems to
money
be,
mate trade and
enterprise.
demand throughout the week, and the
Bank of England for accommodation have
The last return shows an increase of
been considerable.
41,225,225 in the total of "other securities." The market is
Money has been
in fair
applications at the
firm to-day at the following quotations
Per
Bank
The
by the
joint-stock banks
Per etnt
mi
with Tor 14 days' notice
Do
grs. gold
Cakesilver
ifexican dollars
ChUiau dollars
Quicksilver,
BILTEB.
per oz. standard.
per oz. standard.
peroz.
peroz.
peroz
*7
Os. Od.
The following are the current
......
d.
d.
-
«
®
5658 ®
51H ®
®
52'a
52''8
....
....
....
Discount, 3 per cent.
rates of discount at the pria-
cipal foreign centres:
Bank
Open
rate.
market.
Pr. et.
Paris
Fr. et.
213
..
Amsterdam
..
Brussels
Berlin
3
3
513)
..
..
2i«
238
238
Frankfort
..
5^\
thi
..
4
314
Copenhagen
New York
..
6
5
Calcutta
Vienna
Petersburg
.
market.
et.
4
Madrid, Cadiz &
Barcelona
Lisbon & Oporto.
..
St.
Optn
rate.
Genoa
Geneva
Hamburg
Nominal.
Sank
Pr.
4
4
SJfl
3^S4
Pr.
et.
3Hi
31a
B
5"4
3>s
4i3»5
4
for £260,000.
and
cUscotmt houses for deposits are subjoined
Joint-stock banks
DUcouut houses at call
Bar gllrer, fine
Bar sUver.oontatn'g 5
d.
».
1%
238
rates of interest allowed
United States gold coin
German Kold coin
d.
e.
per oz. standard. 77 9>9»
per oz. standard. 7711'fla
per oz. 73 9 -a
peroz. 73 9 »
peroz. '76 Z^li
peroz. 76 S'J*
lis
:
Open-market rat«s—
Per cent,
238^2^
i luoatlis' bank bills
2^di'2^
6 mouths' bank bills
238
1 <& ti mouths' trade bills. 2'-2ai3
rate
silver,
Tenders were received at the Bank of England on Thursday
bills.
The amounts allotted were:
In bills of three months, £1,055,000 ; do. six months, £445,000.
Tenders for bills at three months at £99 83. received about
60 per cent, and above in full; and for those at six months at
£98 10s. 3d. and above in full. 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
cent.
Olwn-market rates
30 auil (jO days' bills.
3 moutlis' bills
GOLD.
Bar gold, line
Bar lipoid, coutaining 20 dwts.
Spanish doubloons
,.•
South Amcricau doubloons
for £1,500,000 in exchequer
The following statement shows the present position of the
Business on the Stock Exchange during the week has been
Bank of England, the Bank rate of discount, the price of Con- very quiet, chiefly owing to the activity of the holiday season.
sols, the avera,.?e quotation for English wheat, the price of The brilliancy of the weather has, however, imparted considermiddling upland cotton, of No. 40 mule yarn, fair second able firmness to the markets, and prices have had an upward
quality, and the Bankers' Clearing House return, compare d tendency.
American railroad bonds have been rather dull,
with the three previous years:
partly in consequence of some difficulties among speculators,
1880.
Circulation, including
£.
Bank post bills .... 27.584.000
Public deposits
7,02?,053
Other deposits
24,873,578
Governui't securities. 16,358,886
Other securities
18,0(13,336
Ees've of notes & coin 16,035,424
Coiu aud bullion in
both departments.. 28,321,299
Proporticm of assets
'..
to liabilities
52-49
Bankrate
2>s p.c.
Consols
97=8
^M- :^,^«»^t'iiyMid Upland
price
cotton..
44s. Id.
73,gd.
1879.
£
1878.
1877.
£
i,
27,596,965 28,585,603
4,613,236
3,436,433
4,305.0S4
30,6T1,7J2 20,968,501 23,716 354
15,530.087 13,446.,540 14,374 568
17,612,317 19,212,452 19,601321
20,701,564 10,301,037 H,T22'513
23,248,.56a
34,658,084
58-18
2 p. c.
974i
48s. Id.
O^a.
22,610,272 24 882 143
41-61
5
42-69
3nc
p. o.
9458
9314
45s. 8d.
6d.
62.s.
3d,
5i5,„d
No. 40 innio yarn
lltgd.
912
lOd.
10i«d
CleariuK-House ret'n. 117,377,000 102,809,000 119,123,000 il6,391,(H)6
&
Abell observe that " withdrawals of gold
from the Bank of England have taken place for shipment to
the United States. £366,000 in bars and American gold coin
have been sold for that destination; other purchases hare
been made in the open market. Altogether, at least £500,000
Messrs. Pixley
have been despatched from this country, and £210,000, per
* Labrador,' from
Havre to New York, during the last week.
The shipments from this side may probably be increased, owing
to the re.strictive measures adopted by the German
Government.
The arrivals are—£27,000, per Royal mail steamer Moselle,'
from the West Indies; £56,000 (sovereigns) per Orient
line
steamer Lusitania,' from Sydney; ^256,000 per P. & 0.
steamer
Ancona,' from Melbourne, of which £41,000 only in
bar gold,
the remainder being sovereigns. The P. & 0. steamer
Gwalior,'
'
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 unwUling to accumulate any stock, and they are not likely to do so as long as there
A good deal of
is a chance of purchasing at reduced prices.
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
year are very considerable.
During the week ended August 28, the sales of home-growa
wheat in the 150 principal markets of England and Wales
to 12,229 quarters, against 17,759 quarters; and it is
estimated that in the whole kingdom they were 49,000 quarters,
against 71,000 quarters in 1879. It is estimated that the following quantities of wheat and flour were placed upon the
British markets daring the week ended August 28. The visible
supply in the United States is also given:
amounted
1880.
Imports of wheat. owt. 1,671,588
176,201
Imports of flour
Sales
of
1879.
1,555,033
121,723
1878.
1877.
872,407
89,753
793,3,50
home-grown
70,225
,„„
212,000
307,820
579,0-20
335,400
2,059,789
1,984,581
1,541,180
1,198,975
16,362
35,872
53,036
30,347
Result
2,043,427
Av'go price of Englisli
1,984,709
1,487,624
1,168,628
produce
Total
Deduct
exports
wheat and
or
flour
'
'
took yesterday £10,000 in bars and £3,900 in coin
to Bombay.
The Bank of England has received since our last
£83,000, sovereigns„from above arrivals. We have again to
report great
inactivity in our sUver market. The arrivals
have been only
443. Id.
483. Id.
45s. 8d.
62s. Od.
bush. 12,600,000
15,748,775
10,997,101
.„,«.,
4,346,537
f
(qr.)
rheat for.sea.son
Visible supply of wheat
lutheU. 8
The following flgares show the imports and exports of cereal
produce into and from the United Kingdom during the first
week of the season, compared with the three previous years:
I
—
.
Septkuber
Barley
Oata.
Peas
Bcaug
Indian
THE CHRONICLE.
18, 1880.]
Same
IUFORT8.
1879.
18S0.
1,5J5,033
owt. 1,671.588
30.953
29.240
Wheat
421.843
8,817
10H.'297
3li,H77
3ti.(P05
S.^O.rig*
com
Indi.-iu
29,949
635
11
45
436
l,2«l
1,701
2.765
4,l(l(>
32..585
255
892
178
lo3
8.343
1,831
49,005
3,307
corn
Hour
300
291
234
87
600
398
market Report*— Per Cable.
Enallali
The daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following sammary:
London Money and Stock Market. The bullion in the Bank
of England has decreased £47,000 daring the week.
—
Sat.
Sept.
11.
Silver,
peroz
d.
Consols for money
Consols for account
U.
8.
S.
U.
52'«
97>ii8
97i'!ig
5sofl881
106
4i2Sof 1891
11416
U.S. 48 of 1907
Ill
Erie, common stock
niinols Central
118
4OI9
Tiict.
Wed.
Thura.
Sept.
14.
Sent.
Se2>t.
1.5.
16.
PhUa<leli)hia& ReadiuR, ISH
New York Central
I3614
52--ii,
5214
9713u 97i»i8 971:',,
97i5,g OTl'ig P7luij
105% 1053i 105?i
114
113% llS's
98
98
105''8
4H4
62I9
IGI3
137
Fri.
Sept.
17.
114
114
40>e
118
6238
xll2%
114
39%
117
6214
36ia
4038
117
62
16
39%
Sat.
d.
Man.
d.
».
d.
12
3
3
9
8
9
12
8
88
83
5
89
96
88
83
8 5
89
96
Com,mlxed,We8t.i8cnt'l 4 11
4 11
Liverpool Provisions Market.
Sat.
Mon.
a.
Wed.
Tuet.
t.
3
».
d.
Pork,WeBt.me88..^?bbl.69
Bacon, long clear, cwt.. 43
Short clear
"
46
Beef, pr. mess, S tierce. 62 6
Lard, prime West. ??cwt.43 6
Cheese. Aiu. choice " 63 6
a.
».
9
69
43
69
43
46
t.
12
8 10
8 10
5
88
8
7
8 10
4
4 IQ'a
d.
Thura.
a.
d.
69
43
69
42
6
46
45 6
a.
—
in
Srpt.
England
Venezuela
(J— Str. Celtic
Claudius
For. gold coin..
Am. silv. coin..
Am. gold
8—Str. Atlae
West Indlea
8— Str. Labrador
8— Str. Wyoming
8— Htr. Botliiiia
8— Str. Ix^ssiiig
8—Str. H«p«burg
0—Str. City of Merlda
France
England
England
$145,997
6,181
&,628
c<ilu..
For. silv. coin..
7,3§5
Am. silv. coin..
12,1M
Am. gold coin..
220
For. gold coin..
1,265
For. gold coin
1,049,534
Gold bars
107,063
For. gold coin..
484,509
For. gold coin..
344,247
For. gold coin..
21,420
Am. silv. coin..
2,128
Am. gold coin..
870
For. silv. coin..
91,516
For. gold coin
3,495
aennany
Oermany
..Mexico
.
Gold bam
Germany
Germany
lO-Slr. Suevla
10— Str. Main
.
France
11—Str.CelsQS
5.00O
Sliver bars
For. gold coin..
For. gold coin
Gold bars
For. gold coin..
Am. silv. coin..
Am. gold coin..
For. gold coin
West ladies
.
267
511,100
295,645
766,580
54,040
3,861
31,283
2,097
Total for the week ^$123,498 silver and $3.930,1 93 gold) .. ..$3,963,691
Previously reported ($3,672,873 silv. and $14,365,243 gold)..19,038,116
and $18,195,136 gold).$21,991,807
Same time in—
Tot. since Jan. 1,'80 (.$3,796,371 silv.
Same time
Same time in—
1875
1874
1873
1872
t>t
Fri.
d.
8 10
8 10
Same time
The following table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
tor each da.y of the past week:
3
8
Wed.
d.
M.
12
89 8 10
96
96
IOI3
Tuet.
a.
Thura.
89
4 10>3
d.
d.
12 3
8 9
88
84
8 6
89
96
—
S<tmetimei»—
16
I34J4
—See special report on cotton.
Market. —
Flour (ex. State) Scent'I.l 2
(TUeat. No. I,wh.l00 lb. 8
"
Spring, No. 2...
"
WinU!r,We8t.,n.
"
Southern, now.
8
"
Av.Cal. whit«..
"
California club.
in—
$12,260,020 1875
$62,793,572 1871
$.56,218,501
10.458.525 1874
42.571.626 1870
48,764,812
23.152,955 1873
41,741,S73 1809
125,587,186
40,008,406 1872
57,568,178 1868
65,808,944
The imports of specie at this port for the same periods have
been as follows:
1879
1878
1877
1876
61%
16»3
135% xl34%
136ifl
113
llGHi
Liverpool Cotton Market.
Liverpool Breadituffs
297
52>4
5238
97l6i«
971"ig
106
114
114
118
62%
Pennsylvania
Mon.
Sept.
13
52J9
time
;
1879
1878
1877
1876
8— Str.
60,291
3,033
14,.'i3l
Barler
Oats
Peas
Beans
14.519
71.717
518.030
70,225
1,008.871
89,753
121,728
EXFOBTS.
cwt.
793.350
145,083
371.075
872,407
130,092
160,518
53,373
90.«81
170,-.i01
Wheat
1877.
1878.
19.093
P5(i..'>.'>3
jflour
..
$26,093,251
15,001.124
10,815,901
3,800,524
$8,796,624
4.696,970
3,750.554
2,938.908
$7,688,254
8,057,480
11,091,437
5,769,270
d.
Balances.
Pay men ta.
Eeceipta.
88
8 10
8 10
96
4 11
Fri.
a.
1871
1870
1869
1868
d.
69
42 6
45 6
62 6
42
64
$
$
65
23
32
65
08
Sept. 11...
•'
13...
"
14...
"
15...
"
16...
"
17...
1,()95,143 35
1,221,642 37
1.061.036 25
2,126,831 97
525,906
1,164,616
2,055,638
730.638
2,710,729
2,563.194
Total
9.103,499 57
9.750,723 12
1.042.635 75
l,9.i0.189 83
Currency.
Gold.
19
81,633.969
83,327.830
82.530.879
83.053.169
81.549,080
81,270,432
48
04
69
76
60
33
6,147,922
5,932.060
6,629,562
5,597,976
5,433.664
5,294,940
21
67
58
23
58
56
—
Tennessee State Conpons. A«uit has been brought in the
United States Court by John B. Manning, of New York, against
43
43
6
the State Treasurer of Tennessee, in order to compel him to
63
63
carry out the provisions of the Funding Act of 1873 in regard
London Petroleum Market.
to the new series bonds, by applying the revenue of the State
Sat.
Mon.
Tuea.
It is expected the
Wed.
Thura.
Fri.
to the payment of coupons on the bonds.
d.
d.
d.
d.
d
d.
case will be reached in November, and will be heard by Judge
Petneiim,ref. 9gal... ® .. . ® ..
858
9a9ia
8'a®8'8 8%a9
Pet'leimi, spirits " ..».. 9 3914 9i4a9'a .. ® .. .. ® ..
..
® .. Key, late Postmaster-General.
An extra dividend of 30 cents per share has been declared bi^
the Homestake Mining Company in addition to the regular dividend for the month of August, making a total of $660,000 the
stockholders have received. The above two dividends are payImports ajjd Exports tor the Week. The imports of last able at Wells, Fargo & Co.'s on the 25th inst.
week, compared with those of the preceding week, show
The Swansea Smelting "Works of Denver, Colorado, situated
an increase in both dry goods and general merchandise. at the leading city of the mining districts of the West, will be
The total imports were $8,666,859, 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
Messrs. Kilmers, McGowan & Co. have taken into their firm
following are the imports at New York for the week ending Mr. W. H. Colhoun, a gentleman of long experience in Wall
(for dry goods) Sept. 9 and for the week ending (for general Street, who will
represent their house at the Stock Exchange
merchandise) Sept. 10:
and at the New York Mining Stock Board.
FORBIGN IMPORTS AT NEW TORK FOB THE WEEK.
^The directors of the Oregon Railway & Navigation Company
1878.
1879.
1880.
* 1877.
„ .
have declared a quarterly dividend of 2 per cent, payable Nov. 1
Di 7 Goods
$2.OS0.U91
$1,889,987
$2,597,924
$3,181775
Otneral mdse...
4,256,696
3,520,253
4,581,764
5,482,084 also a scrip dividend of 10 per cent, payable at same time.
46
62 6
43 6
63 6
62
6
62
6
—
62
42
63
6
—
—
—
—
—
^
Total week
$6,337,687
Prev. reported.. 231,464,237
$5,410,240
198,001,230
$7,179,688
217,503,367
$8,666,859
345,171,877
B.^NKING AND
FISK
Total a'oe Jan. l.$237,801,924 $203,411,470 $221,683,055 $353,838,736
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive o(
specie) from the port of New York to foreign ports for the
week ending September
14:
EXPORTS FROM NEW TORK FOR THE WEEK.
„ .^
..
For
the week....
.„
'^^T^-
$R.551..i89
Prev. reported.. 188,800,032
1*'78.
1879.
1880.
$8,718,379
280.872,100
$7,799,540
$7,027,576
239.036,754.227,278,905
Sc
FlNyClAL
HATCH,
BANKERS AND DEALERS IN GOVERNMENT BONDS,
And other desirable In\ estment Securities,
No. 5 Nassau Street,
New
York.
all issues of Government Bonds, in large or small amounts,
at current market prices, and will be pleased to furnish iuformation In
reference to all matters connected with investments in Government
Buy and sell
Bonds.
to give Information In regard to flrst-olass Railway
and to execute orders for the same.
Buy and sell aU marketable Stocks and Bonds on commission, at the
Stock Exchange or in the open msirket.
Receive accounts of Bauks, Bankers, Merchants and others, and allow
interest on daily balances
and for those keeping accounts with us we
collect U. S. coupons and registered interest, and other coupons, dividends, &c., and credit without charge.
We are prepared
Securities
lotals'ce Jan. l.$195,357,621 $246,836,294 $234,906,481 $289,590,479
The
following will show the exports of specie from the port
for the week ending Sept. 11, and also a companson of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
of
New York
Sept.
o"".'^"
A~i?"' SantlaKO
11-Str. Oder
, T-l'"^-
Havre
St. Jago
London
Am.silv.cn
(fr'l)
Far. silv. coin
silv. dols.
Am. sUv. bars.
.
Mex.
Total for the week ($127,625 silver and
gold)
Previously reported ($3,489,185 sUv.and $2,129,902 gold).
Tot. since Jan. 1, 80 ($3,616,810 silv.
and $2,123,902 gold)
$3,000
12 (i05
56,020
56,000
"$127625
..
..
5,618,087
$5,745,712
;
ly We give special attention to orders from Banks,
Bankers, Institu-
by Mall or Telegrapli, to buy or
sell GoTernment Bonds, State and Railroad Bonds, Bank
Stocks, Railroad Stocks, and other securities.
We have issued the Seventh Edition of " Memoranda Conoemlng
Government Bonds," copies of which can be had on application.
tions
and Investors out
of the city,
FISK & fLt.1CB.
.
:
.
: :
THE CHRONKJLK
298
The closing prices
No national
Name of Company.
When
Cent.
Payable
Hooks Closed.
(Days inclusive.)
Railroads.
I«hlKl> Valley (nunr.)
Metropolitiiii Kioviittd (Quar.)
1
.
.
Mew York Elevated (qoar.)
21a
luanrance.
Oct.
Oct.
Oct.
21 to Oct.
21 to Oct.
Sept.
Sept.
1.
1.
On dem.
Jefferson
1880
1880
1881
1881
68,1881
68,1881
4is8, 1891
Iks, 1801
4s, 1907
48, 1907
ee,
68,
6s,
6s,
The foUowlnjt dlrldends bnve recently been nunounced
Ver
68,
Bs,
68,
6»,
68.
FRIDAT, SEPT. 17, 1880-5 P. K.
Tbe noney Market and Financial SItnatlon, —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 hoe ergo
propter hoe. But without any regard to the elections or other
extraneoas influences, it is rather clear that the working of the
stock market since the first of September has not been sufficiently buoyant to suit the purposes of those
anticipating another
boom
who had been
as soon as fall business opened,
had loaded themselves accordingly.
And now
and
This
—
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 Jikely to put a cheek on heavy trans-
during
the
next
six
week.s.
The general
aspect of business affairs remains without a cloud on the horizon—the great yield of the crops, the volume of merchandise
actions
moving
in every direction, the tide of immigration, the imports
of specie, the immense tonnage of freight on railroads and
calculated
The money market has been very easy tbe past week, and on
were 2@3 per cent, according to the borrower
»nd his collaterals. Prime commercial paper is in demand at
call loans the rates
5@5^
per cent.
The Bank of England statement on Thursday showed a
decrease of £470,000 in specie, but the reserve was increased
to 53 per cent from 52 H-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 iu gold and
;
337,000 francs in silver.
The last statement of the New York City Clearmg
House
banks, issued September 11, showed an increase
of $21,475 in
the surplus over legal reserve, the
total
surplus being
15,700,875, agamst $5,679,400 the previous week.
The following table shows the changes from the
previous week
and a comparison with the two preceding years.
1880.
1870.
previous week.
1878.
Sept. 13.
Sept. 14.
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
1895. .reg.
1896.. reg.
1897.. reg.
1898.. reg.
1809. .reg.
the price bid
Sept.
13.
Sept.
14.
125
'125
•125
'125
•125
:
'126 -126
•127 'l??
•12712*128
•129 *129
•130 •130
S^
\t•IO214
•10214
•104 12
•1041a
10208
•10212
•10219' •102%
•1021s' •10218
•1041a: 1041a
•10412 •10412
•102 la •1021a
•102 •« 102=8
•llOifi 11038 11038
•110i« '110% 11038
•I0918 IO914 109%
llOig
•125
•125
•125
•125
•125
110
llQis
•125
•125
•125
•125
•125
125
126
127
123
129
no sale was made at the Board.
in prices since
January
1880,
1,
of each class of bonds outstanding Sept.
1,
Lowest.
Highest.
July 27 104''aMay 20
July 9 IO718 May 26
58, 1881. ...cp. 10259Aug.
4 104^8 Apr. 28
4iaa, 1891.. cp. 10038 Jan.
2 11138 Aug. 2
4s, 1907.... cp. 103
Jan.
2 110% Sept. 3
68.cnr'ncy.reg. 125 Apr. 21 130
Sept.
6b, 1880.... cp. 101 H
88, 1881.... cp. loss's
1880,
and the amount
were as follows
Amount
Jlange since Jan. 1, 1880.
Sept. 1. 1880.
Kegislered.
$12,181,000
162,653,800
299,127.200
172,091,500
532,242,a,'>0
Coupon.
$2,076,000
51,204,400
181,283,250
77,908,500
203,999,000
64.023,512
Closing prices of securities in London for threie weeks past and
the range since January 1, 1880, were as follows:
Sept.
3.
U.S. 58 of 1881...
D. 8. 41^3 of 1891.
U.S. 48 of 1907...
State
'X
Sept.
Kange since Jan.
Lowest.
17.
1,
1880.
Higliest.
106 105% IO413 Apr. 15 10678 Jan. 12
11418 114% lia^B 10978 Jan. 2 11473 Aug. 3
114i8lll4
xn3ll06i4 Jan. 2 II414 Ang.31
106
and RaUroad Bonds—State bonds have
not
been
dealt in heavily, the principal transactions at the
Board being
in Alabama class 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. MuUer & Son sold the following at auction:
Shares.
60 Manhattan Gaslight Co
178'«®180
13 Clinton Fire Ins
141
—
12
Railroad and Mlscellaneons Stocks.
Xhe Stock market
opened rather dull on Monday, but became more animated the
next day, with a decided weakness throughout the whole list.
decline was most marked in some of the non-dividend pay-
The
ing shares, while such stocks as New York Central & Hudson
New York and Pennsylvania in Philadelphia went barely 2
in
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-
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 & Reading 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
Western Union Telerates, from 4 to 6 per cent per annum.
graph stock has met with a good borrowing demand for the
October elections, and /i 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, &c.
The arbitrators of the elevated railroads have unanimously
tion of the stock market, aside
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
October
Differ'nces ffm
Is
Sept.
11.
have been as follows
•102 >4 •IO214 I0214
*102>4 •10214 •1021.)
*10.)-'>8*104!''S •10410
•10458 "104 S8''104l2
•102!^!'10258:'102i2
•1025s! 10258:*102io
•lio%!*lio% •1105s
•110% *11034 *11058
•10S)3S,*10938 IO9I4
*110!Vj'11038|'110l4
reg.
The range
the question
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 anything on a large scale until after the Ohio and Indiana elections
of October, and the grand finale on the first Tuesday of November. 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
shipping, and the earnings therefrom— are all
to inspire great confidence in the immediate future.
New York Board
coup.
cur'cy,
cur'cy,
cur'cy,
cur'cy,
cur'cy.
arises
npon the
at the
Interest
Periods.
banks organized during the past week.
DIVIDENDS.
XXXL
fVOL.
quarterly dividends of
2^
per cent payable
1.
As to the increase in railroad earnings in August and the
present month, the Boston Transcript remarks " There is an
erroneous idea prevalent with the public and the press generally concerning the present ratio of increase in railroad earnIt is believed, and often stated in financial journals, that
ings.
the earnings of August and September are compared with earnings 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
State. Bond.._aovernment
and a gross gain of $725,374— a net gain of $265,705, or slightly
securities fell off about
less than three per cent. The September table of railroad earnone-half of one per cent on the election
news, and have since ings showed 15 per cent increase, but in October a gain of 25
recovered to 110>i, against 110^ as the
best price before the per cent was recorded. Since January 1 the gain has been 27?^
faU. At the Treasury purchase on
Wedne.<;day the total offer- per cent. It will thus be seen that the time has not yet arrived in
ings amounted to $5,649,700, and
which the marked increase in railroad earnings in the Fall of
$2,500,000 were aocepted-all
1879 should operate to any extent in diminishing the percentfiyes and sixes of '80 and '81.
age gain in 1880."
.Sept.
11.
:
JLoansanddis. $313,710,200 tnc Sl,773,,400
$236,960,400 $244,215,100
Specie
6fl.'3'10.300 Inc.
005 ,000
19.870,000
18.554,701)
Circulation ..
li).353.B00 Inc.
11 ,300
21,603,500
19,478,300
Not depoBitrt
2i)8,3.'JO„')00 Inc. 1,163,,700
225,572,000
218.269.000
tiegal tenders.
13,048,200 Deo.
503,,200
39,481.100
48,891,200
Legal reserve. $74,.5S7,«>25 Inc. $290,,025
$56,393,225 $54,507,250
Beaerve held.
80,288,500 Inc.
312,,400 .59,338,000
67,445,000
Borplns
$5,700,875 Inc.
$21,475
$2,904,775 $12,878,050
.1
.
mued
.
.
September
Sfpt.
Atl.4Pao.Tel.
Canada South
Cent.of N. J..
Oeot. Pacific..
Ctaea.&Olilo..
(10
77
22M
\l«ii IIUV4
134^
lllJi
na
112
102« 104^
Chlo.iN.W.,
121IW 124)4
l\»ii 119
prof.
C.n.I.iP.ncw
m
Mii
Ch.St.li.&N.O
Ch.St.P.M.&O
Do
•71
Clev.C. C.&l.
1«
Col.l'hIc.AI.O.
S6^ 80
8Wi 90J4
Del.iVlI.Canul
Del.l.uck.&w.
U.G.
72>i
72D4
80
8"
pref.
Hous.&Tcx.C.
i«
11
Lake KrIe&W.
Laku Hhore.
34
I07?i)08k.
143 :43k
MM
Ijoulav ANiiah
Manhattan...
Mar.&C.lst pf.
am
3i>s
23
23
Mo.Kans. JfT.
Mor.AKssci..
S3>i
84'
Naah.Ch.&Stl,
New('ent.CoaI
N.V.C. AH. U
N.Y.Iy.K.A W.
65
2(1
tH
10)4llO>i
pref.
Sm
Do
pref.
Paclflo Mull...
76«
40^1
Panama
& Head's
l.iiiii
88ilJ 31)
37H
pref.
35'^
40.>8
aiii
iak
76ii
,^4S« 55>4
35
83
SiH 55%
38
....
45
Istprf.
IH
Butro TunnelPliCiflC.
Wuli.St.Iy.& P.
94
37
IK
94M
m
i5«
•75
asi^
m<^ «8H
prof.
3t|.3
3«J«
22
70
pref.
Do
i;3«
31
5r,V
77M 7T4
77
41
200
22
70
St.L.I.M.iSo.
St.L.i S.Fran.
Union
12U«
SOH S2« 30H
....
Bt.L.A.iT.H.
Do
Do
isi)'
•21
Ohio Central..
Ohio &MiBB...
Do
34>i
38M 39M
87
67H
2S9{ 24
23*(
S0« SIM •30^
as
SS% 55
k W.
Northern Pac.
Phil.
9^
02" 65 J(
05!t
xiwyi
pr'!f.
Ou
!)41b
3.3K
OJfc
.
Do
3.1^
81jJ
prf.
Mlch.Central
Mobllo.tOhlo.
N.Y.Ont.
72.->l
80
.If^J
ll'2«
Illinois Cent..
Do
72>J
88H ami
Uan.&St. Jo..
Do
«8L
71«
19^
82>5
prof.
Denver*
._
West. Un.Tel. in3« iw^o
1021^ 103T^
The.se are the prices bid and asked no sale
+
sale was also made ox-div. at 130.
•
;
A
!«
(I'm
35>^
85M,
87
0«Ti
,.
lOS?); lOlVj' lor^i
103W
was made at the Board.
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1, 1880,
to date, were as follows:
Sales of
Range since Jan.
1,
1880.
|
^""1879
Weelc,
Lowest.
Shares.
Canada Southern..
Central of N. J..
& Alton
710
Chic. Burl. & Qiiincy
Chic. MU.A; St. P....
Do
do pref
ChicifeNorthw
Do
do pref.
*Chio.RockI.<fePac..
Col. Chic* Ind. Cent,
Del. & Hudson Caiui!
Del. Lack. & Western
Do
&
St.
do
Jo
pref.
Illinois Central
Lake Erie & Wcatem
Lake Slioro
liouisville
&
Naahv..
Manhattan
Michigan Central
Misaouri Kan. & Tex.
Morris <fe Mssex
Nashv.Chiitt.&St.L.
N.Y. Cent.* Hud. Kiv
N.Y.Lake E.& West.
Do
do pref.
Northern
Ohio
&
Do
Paeillc
pref,
Mississippi
..
Pacitic Mail
Panama
Phlla. & Readin(?....
St.L.Iron Mt.&South.
St.
L.& San Francisco
Do
Do
Highesl.
\
Low. High
May 17
45 May 25
"
99 la Jan
5,470 113 June 2
133,740 66I2 May 25
595 99 May 10
59,263 8718 July 9
4,909 104 Feb. 10
4,741 IOOI3 June 11
14,516
OiaMay II
11,256 60 May 25
133.875 68I2 May 25
37,155 2278 May 25
20,276 63 "e May 25
5,400 99 la Jan. 2
13,800 20i4May 11
71,136 95 June 2
3,750 8618 Jan. 8
58,910 21 July 22
14,963 75 May 17
38,760 2818 Mivv 25
4,756 100 May 24
11,300 4712 June 1
17,856 122 May 11
172,346 30 Juno 1
3,170 47 May 25
11,550 20 May 11
38,345 3933 May 24
100,794 23 Mav 25
40,170 27 13 May 17
168 Jan. 2
13i2July 2
6i',256
23,675 3410 May 25
1,4.")0
80,020
..
Chicago
Hannibal
Latest earnings reported
— ^Jan.
1 lo latest date.-,
.
Weekorilo.
1880.
1879.
1880.
1879.
.IstwkHept $173,519 $133,962$ 5,008,861 $3,438,550
& Alton
niirl.&Q...July
1,560,661 0!i3,«23 0,718,424 7,501.062
& Kast. lU.. 1st wk Sept 35,884
21.295
814,522
551,225
Chio Mll.&St. P.2dwk8ept. 293,000 227,598 8.032,000 5,906.280
Chic. & Northw.. August. ...1,771,314 1,320,9.57 11,955,633 0,601,520
Chic.St.P.MiuiO. IstwkHept
32.506
25,666
742.964
907,289
Chic. A W. Mich 3d wk July
12,636
0,118
Ciii. Ham. * D...July
245.060 197,464
Clii. Sand. & Clcv.l2dys July
27.543
21,050
CIn. & Bpriugf. ..IstwkSept
15,539
17,176
505.3»B
460.638
Clov. Col. CIn. & 1 1 St wk Hcpt
96,.570
85,760 2,227,609 2,227.609
Clev.Mt.V.<Si Del. August....
30,681
29,379
270,4.30
242,008
Dcl.&lI.Caii.. Pa.Dlv..Jiily.
92,903 105,3,55
652.453
681,572
Denver & Rio Gr 2d wk Sept.
86,747
2.^,070 1,988,530
Deuv.H.P'k&Pao. August.... 128.811
91,204 1,307,344
399,887
Dos M.& F.Dodgc. July
28,1 84
19.134
103,237
113,488
Det. Lans. & No. .4th wk J'ly
32.387
30,013
Dubuque&S.City. Ist wk Sept
22.630
18,480
028.378
500,132
Eastern
July
281,842 247,633 1,013.051 1,363.825
Flint* Pcre Mar.lstwkSept
31.885
21,147 1.019.475
707,327
O.al. Har.Jt San AJime
92,452
91,482
OraudTrunk.Wk.end.Sop. 11 217,067 192.727 7,024',5n 5,862,742
Gr't Western. Wk.end.8ept. 3 101,439
82,465 3,201 ,023 2,760,228
Hannibal & St. Jo. 1st wkScpt
43,961
41,161 1,017.725 1.175,563
Houst. & Texas C.July
227.079 186,848 l,(iS8,512 1,389,522
nilJiois Cen, (III.) .August ....
566,489 494.704 3,1)2-1.023 3,491,181
Do
(Iowa). August
131.898 107,373 1.01(;,216
911,948
IndlanaBI.€&W..4thwkAug
31,822
26,596
789,874
719,210
lnt.&Gt, North. .IstwkSept
41,019
32.811 1,016.303
037,842
Iowa Central
July
86,596
58,182
K. C. Ft. S.& Gidf .3d wk Aug.
17,070
16,619
690,197
492,779
Kans.C.Law.&So.3d wk Aug.
10,118
9,443
441,828
283,047
Lake Erie* West. August
127.811
67,055
liOuisv. & Nashv. IstwkHept 183,600
105,638 5,763;7V6 3,597.388
Momp. <t Charl. Ist wkSept 23.254
7,266
071,197
505,503
Marq. H. & OuVn. August
133.600
90,439
540.180
371,221
Minn. & St. Louis. 3d wk Aug.
15,356
6,828
429,207
266,904
Mo. Kaii.& Texas 1 st wk Sept
78.714
78,774 2,735,342 1,886,573
'
Mobile & Ohio
August
136, 166
106,147 1,2S0,013 1,073,217
Nashv. Ch.&St.L. August
169,326 142.182 1,345,025 1,113,659
N. Y. & Canada .July
48,5 19
41,981
.372,493
231,112
N.Y. Cent. & Hud. August.... 3,022,8.55 2.546,029 21,628,049 17,898,419
N.Y. L. Eric &W. July
1,580,976 1,273,5.33 10,672,040 8,938,025
N.Y. &N.Engl'd. IstwkSept
00,765
57,194
NortheruCentral.July
450,298 324,425 2,068,088 2,158,945
Northern Pacitic August
208,300 210.927 1,353,579 1,112,493
Ogd. & L. Champ. 2d wk Aug.
11,347
11.811
307.409
229,385
P,-»d.&Elizabotht. August....
34,303
27,331
181,114
244,358
Pad. &, Memphis. 1st wkScpt
3,819
2,414
102.931
134,124
PPunv-lvaula
.July
3.449.644 2,782.906 22,883.7 15 18,196,964
PcoriaDcc. <feEv.AugU8t....
45,151
14,901
295,671
Philartel..& Erie.. July
308,699 241,013 2,083,496 1,595,102
Phlla. & Reading. July
1,232,835 1,303.532 9,472,302 7,998,190
Pitts. Titusv. <5c B.July
270,<572
51.000
38,351
316,639
Poits.Ot F.&Con July
18,590
14,709
Rensselaer & Sar. July
176,452 149,371 1,013,690
771,671
8t.L.Alt.&T.H. ..IstwkSept
27,628
25,054
925.532
623.312
Do
(brchs). IstwkSept
12,150
11,402
415,730
340.710
St.L. Iron Mt.&S. Ist WkSept 106,300
142,073 3,760,996 2,807,250
St.L. & San Fran. Ist wkSept
61.996
47.545 1,660,234
875,789
Sl.P.Miim,& Man. August.... 232,579 188,910 1,942,669
50,630
313,160
St.PaulA Duluth.July
25.015
910,137
700.518
27,291
St. Paul AS.City.. 1st WkSept
190.220
7,342
6,133
217,897
Scioto Valley ....2d WkSept.
237,263 3,266,097 1,930,680
South. Pao.ofCal. August.... 508,000
42,131
Texas &Paciflo..4thwkAug 53,148
rol.PeorlaAWar.lstwkSepC
30,437
27,697
808,088
930,608
1,988.000 1,431,000
Dnion Pacific ....July
Wab. St. L.&Pac. Ist WkSept 245,125 202,823 7,809,389 5,334,630
Clilc.
.
-.80
Bl
pref.
Do
6T«
70
•35
Alton.
Chic Dur.&Q.
Chlc.M.&St.P.
Do
Cliioaffo
. .
prf..
2<1
:
Chic.
iOM 20
Istprf.
*
Sept. 17.
'.a.
75
T5
Am.Dl8t.Tel.
Do
:
299
,
fViduv,
Tfittnttoy,
Ohio.
.
THE CHRONICLE.
18, 1S80.]
daily highest and lowest prices have been as follows:
The
D<»
—
.
pref.
1,200
Ist pref.
200
40
741a Jan. 14' 4514 781-j
90i4Mar. 8 33I2 897e
118 Aug. 7i 75
100 14
152 J,an. 26 lllis 134%
93i3Sept. 7, 3438 8218
~ " 102%
11378 Sept. " 74%
106 Sept. 7l 49% 94I3
126I2 Sept. 4' 7678 108
204 June 8 119 15014
25ieJaii. 26
5
28
8818 Sept. 9 38
89%
9478 Mar. 22 43
94
441^ Sept. 2 1314 411a
8678 Sept. 2 34
7018
II6I4 Sept.
79 14 100%
3838 Mar. 4 il6
28 ij
nils Mar.
67 108
164i«Apr. 2 35
8912
7214
571a Mar. 16 35
98 14 Aug. 2 73% 98
49i4Jan. 27
538 35%
112i2Sept. » 75 18 104 12
128 Mar. 5 3512 83
137 Mar. 31 112
139
4878 Feb. 2 2118 49
737a Feb. 2 3712 78ie
36 Jan. 14 tl6
4013
60 Jan. 13 t44i4 Go
44 13 Mar. 6
7% 3338
62 Mar. 8 1038 391a
195 Sept.
123
182
7238 Jan, 3
66 Feb. 17
25i4May 11 48 Fob. 2
33 May 11 6O14 Mar. 8
60
80
May
May
May
SSiaMar.
9
Union PaoiHc
22,685
11 9738 Jan. 19
Wab. St. L. & Pacific 20,297 2612
25 48 Jan. 27
Do
do pref. 72,000 51i4May 25 73I2 Aug. 5
Western Union Tel.. 48,198 86% June 2IH6I2 Fel). 24
* Lowest price here is for now stock, sold for first time Juno
11.
t Range from Sept. 25.
t Range from July 30.
The latest railroad earnings and the totals from Jan. 1 to
latest date.i are given below. The statement includes the gross
earning.-? of all railroads from which returns can be obtained.
The columns under the heading " Jan. 1 to latest date" furnish
the gross earnings from Jan. 1 to, and including, the period
mentioned in the second column.
-Latest earniniis reported,
/-Jan. 1 to latest date.—^
Week or Mo.
1880.
1879.
1880.
1879.
.,
^. „ .,
Ala.Gt. Southern. Auffiiat
1^58,701
$34,807 $390,993 $251,949
Albany & Siisq ..July
105,472
8!>,356
767,796
588,398
Atch.Top.A 8. Fe. August... 673.000 516,765
Atl.&«t.Weat....Juiie
368,456 301,272 2,421,668 l,88i',409
Atl. Miss. & Ohio. July
145,585 138,224 1,018,099
853,710
Atl. &Ch,ar.Air-L.July
59,693
45,061
460,843
381.933
Bur.C.Kap.&No..l8twkSopt
35,281
31,985 1,321,223
919.626
Cairo * .St. Louis. August
39,043
26,291
252,108
158.990
Omtrai Paoitlc .August. ..1.885.000 1,556,4.57 12,149.693 10.870.698
Ches. & Ohio
August .. 259.110 215,695 l-,750,38l 1,201,886
11
.
.
.
.
.
.
.
.
.
Exciiange.— There has been a nominal advance this week of
point in the asking rates of prime bankers for demand bills,
but the market shows no animation, and actual rates still admit
of a profit on specie imports. The total recepts of specie since
our last are upwards of $3,000,000. To-day the actual rates for
prime bankers' sterling bills are 4 81(g>4 81^ for 60 days and
4 83^@4 83M for demand. Cable transfers are 4 84@4 84M:.
The following were the rates of domestic exchange on New
Tork at the undermentioned cities to-day Savannah, buying
%, selling %@^A: off Charleston, buying %@}^ discount, selling par; St. Louis, 1-10 discount; Chicago, 75@80 discoant;
}^
:
;
Boston, 40c. discount.
Quotations for foreign exchange are as follows
4 81 ®4
4 80 -34
4 79 ®4
5 271^35
391a®
Prime bankers' sterling bills on London,
Prime commercial
Documentary commercial
Paris (francs)
Amsterdam
(guilders)
Frankfort (rcicliinarks)
Bremen
:
Demaiid.
Sixty Days.
17.
Sept.
82
4 83iaa4 84»3
8OI2
4 82is34 83
4 81i3»4 82i2
5 25 ®5 217«
80
2438
39%® 40
94%® 94»8
39%
93%® 94
93%® 94
.'
(reiolnnark.s)
The following are quotations
Sovereigns
$4 83 ®$4 86
94i!g
94388)
in gold for various coins
Silver 14s and I2S.
99%®
—
—
—
par.
Napoleons
3 83 ® 3 86
Five friincs
92 •a — 95
X X ReichmarkB. 4 73 ® 4 76
89
Mexican dollars..
88
X Guilders
88
3 96 ® 4 00
Do uncommero'l. — 87 ®
Spau'h Doubloons. 15 00 ®15 75
Englisii silver.... 4 70 ® 4 80
Mex. Doubioous..l5 50 ®15 60
69
Prus. silv. thalers.
67 ®
99i4®
Fine silver bars
99
1 1278® 1 1338 Trade dollars
Fine gold bars
par® I4 prom. New silver dollars — 99% »par. la
—— 99%® par.
Boston Banks •The following are the
&
la
®—
—
—
—
—
—
.
Dimes
dimes.
totals of the
Boston
banks for a series of weeks past
L. Tendtn.
$
Loatm.
t
Specie.
Aug.
2.
I4S.793.500
ri4.579.-400
140,U5r>,«O0
"
6.305,200
6,178,400
6,310,000
0.901,100
6.002.000
0.231,800
4,0St3.500
9..
16..
3.547.100
3.182,900
2,981,900
3.128.600
51,020,300
65,688,100
50,003.600
55,228,200
2,91.5,200
60,4«5..')00
0.871. 600
2,902,500
50,069,500
1880.
"
" 23..
" 80..
Sept. 6..
13..
•
,
.
.
*
148,058,800
147,343,400
146,627,900
147,259,20a
146,749,700
Other than Government and banks,
*
Deposits.*
»
Circulation. Ago. Clear.
S
30.844^00
29.B40.100
30.498.200
30.378.300
30,514.900
30,508,600
80,589,800
S
S0,88g,8S(
6e.6ie,2»?
B8.477.792
68.l4S,a'56
48.801.889
eS.S02.T6«
64,847,417
less Clearlng-Ilouse checks.
Phlladelplila Baulcs.— The totals of the Philadelphia banki
are as follows:
Loans.
1880.
2.
Aug.
"
9.
16..
23
" 30
Sept. 8
'•
IS
L. Tenders.
DepqaiU.
Deposits.
Oirculation.
Circulation.
21.237,201
20,060.846
20,216.899
19.625.220
19.755 .605
19,382.411
20,8; 6,933
60.288.773
60,861.479
12,190.880
12.154.016
»
...
..
67.391.881
08,859.388
oo.us.oro
••
.
69.591,147
09.H07.170
TO,ai4.008
70,508,876
A^j. Clear.
t
670
6ft.880.93«
12.12s!
eO.na3.997
01.100.600
ei .632.1 13
63,010.463
12,138.642
12.161.925
12.1 4.778
12.178,«:B
86,101,306
46. 2<i.I22
39.159.731
3s.804.781
33.4 S.50<
a6.1<S.lS8
30,873,4'W
.
,
... .
——
. . .
,.
THE CHRONICLE.
300
New Vork OUf BanK-
—The
following
York Cty for^e
Jconditionof the Associated Banks of New on Sept. 11, l»»ubusiness
of
commencement
the
at
week ending
[Vot. XXXI.
SkOTTRITIXS.
A$k.
eXCtJAITlSB.
'^ewTorK* New
Phil.* Read, scrip,
England...
Northern of New Hampshire
Norwich & Worcester
UKdensb.ft L. CUamplaln ...
pref..
do
Old Colony
Portland Saco * Portsmouth
Pulliiia. Palace Car
Banlci.
Mew Tort.....
Manhutao Co
Bulland, pref erred
Vermont & Massachusetts..
Merohanta
Worcester
140
22
'4J4
118H
107
108X
121
87
1!»
Penna. 5«. g'd, int.,reg. or cp
do 5s, cur.,reK ....
108H
do 59 reg., l"S-i-1892
115
do 5s,new,reg.,l»9Z^19<K
Tradesmen's.
Fulton
Chemical
Merch'nts' Kxch.
.'
6s, 10-15. reg.,H7J-'ai
6s 15-25, reg., 1882-12^
6s,In. Plane, reg.,18.!
PhUadelpnta, 5b reg
Butchers'* DroT.
Mechanics' Jt Tr.
Allegheny City
Broadway
Plitshurg '».<=o"P:'''r-;i,'rj
io
People's
Hanover
Irrlns
Metropolitan
CItliens'
—
do
Delaware
conpon
68, coupon
,
CatawlBsa.....
pref
do
new pref...........
do
Delaware * Bound Urook....
& Tr..
Importers'
995i
East PenHBVlvaula.
Park
Mech. BkK. Ass'n
North RWer.
Elmlra*
BALTimORE.
8
Huntingdon* Broadjop^.^.
Fourth National.
CentralNat
Becond Nation'l.
Ninth Nutional..
It
53J<
Lehigh Valley
Little
SchuylWIl
Third National
N. Y. Nat. Eich..
Nesquehonlng Valley
Bowerr National
North Pennsylvania
19,353.600
Total
deviations from returns of previous week
Inc. tl."3,400 Net deposits
Loans and discounts
The
are as follows
tfOo.floO
I
593,a00
i
Circulation
following are the totals for a series of weeks past:
Loaiw.
Specie,
L, Tenders,
»
.883.194.500 80.312.800
,.890.381,600 52.9a4,600
..290.445.200 54,74B,500
..290,091,200 59.587,200
.283.545.600 57,4:3.300
.
..297.135,500
13.. . .2«7.'i36,900
20., ..•294,417.400
27.. 890,866,700
3
,290,639,!yX)
10.... 288.470.900
17.... 284,250,800
84.... 878,886.200
ia,.'S,86.000
16.4,37,900
16,686.000
15,505,500
14,168.000
S-l.OSi.OOO
57,(»27,M00
55,440,100
51.773.800
l'!,130,400
11,852,400
11,555,100
11,27-8,500
53.8rt9.300 10,847,500
52.0i).60O 11,935,900
50,030,800 13,866,000
4S.9S3.B00 15,432,100
May 1.... 280,436.300 49,406,500 17,014,000
8.... 281. 1.37. 700 W.391.500 17.237.100
"'
15.... 2^.571,200 5fl.!78.000
19.229.300
82....872.2.TO.800 5«,8a 1.000 21.8B9.o00
29.... 273.216,400 59.271.700 22.347.400
June 5. .276.058.000 61,109,000 •.Sl,9.i4,800
"
12 . .279.265.700 8:1,192,700 22,'i21.300
••
19.. ..886.075,100 61,450,000 22,061,300
26.. ,. 285.005. 100 63,210,100 21,713,800
July 3.. ..891.7S1.300 66.1KS,600 20,684,600
10.. ..293.428,500 70,822.100 19,6^4.800
17.... 29'2. 109.500 70.613.3W) 20.915.400
24. ...294.517,800 89,038,000 80,351,200
31..,, 297,779,300 88.037.700 20.631.300
Auk. 7.... 304.763.300 63.706,800 17,115,900
14....S06.41tl.-«0 BS.aifl.BOO 16,312,000
81 ... .310,6 at.300 60,717,500 15.2,54,800
.
.
.
83....Slo.T.)-.100
Segt
Deposits,
Circulation, Ago- Qlear,
*
»
Jan.
Feb.
A^ni
:
Inc. »I,18S.70O
Inc.
11,300
|
Inc.
Dec.
Specie
Legal tenders
1880.
65,41,3,81)0
21.529,900
264,404.'200 21,883,200
267,128,100 21,599.600
271,601,000 21.282,200
271,012,800 21,171,000
271,483,400 21,002,100
270,381.000 80,967,100
264,538,200 20,975,800
860,310,300 80,995,200
259,306,800 20,981,600
858,267,800 80,987,900
253,519,800 20,843,000
'
248,898,700
'20,612,800
2S2.572.800 20.646.200
258.323.000 20.572,900
8»l,07o,900 •20,49.-*.400
258.3'i3,70O 20.304.000
262,762,800 20,-23'<,100
•266,8:W,O0O 20,039,900
271,828.31)0 19.682.500
278,146.700 19,894.900
27;.770.800 19,820,0D0
2.83.078.300 19,572,000
290.714.700 19,523,800
292.233.500 19,483,700
291,270,000 19,463,500
291,306,500 19,477,800
2i)7,024,200 19,4:»,400
298,691,600 1H,3S1,600
898,615.100 19,4-2,3,100
839,675,900
773.270,895
720,978,130
683.45:^,337
793,314.114
723,419,833
893,011,025
827.801.841
748,481,801
844,433,967
771,01D,«70
810,771,898
849,817.403
7'20,947,8J6
697.4:13.051
790.386,509
867.632,049
739.515,331
793.990.673
8?9.;136,131
73V.531,533
616,148,241
607,5.)8,981
11,472,517
452,751,881
5W.48
1,032
8-J5.9l6.274
5S0,54O,8.-<2
844,'30D,9rt7
15..333.500
296,4-22.900
19..396.>iO0
551."-23,441
4.«0,7So.l8»
5-22,899,332
297.180,800
293,350.500
19,312,300
19,333,600
603.877,203
623,659,183
4....311.912.S00
6,5.434,700
14.541.400
11.... 313,718,200
66,310,300
13J»48.-200
QUOTATIONS IN BOSTON, PHILADELPHIA AND OTHER CITIES,
SBCVBITIXB.
BXOUBITIXS.
Ask.
Boston * Maine 7s
Doslonft Albany 7s
do
6a
Boston * Lowell 7s
do
6s
Boston * Providence
FItchbDrgBB.,<9...
do
7s
Fort Scott* Gulf Is
Hartford * Erie 7s
Itan. city Top. a W,, t«, Ist
00
78, Inc.
_ „.do
Connecticut River
Conn. & PasBumpslc
'hi
,.,
Eastern (Mass.)
30
Eastern (New Uampshtrei...
Fitchburg
131
Fort Scott* Gulf, pn^f
108
K. city Lawrence * So.
Ka».
-clly. St. Jo.*0. B.
Cily,
-
.
4I«
116H
it,,
97
:s.
S Ft. Smith, ^8,lstjl02
hew York & New Eng. is.,.. ....
Little U'k
Hkc
I
h.Ss.
.'
10254
do
Bait.
Cam.
*
68,
ft
121
118
121
172X 177
coup.,
mort.
113W
m, 7B^g..l;93 117
373
10
45
5
Connell8Vlile..5u
BAILHOAD BONDS.
&Ohlo68, iaS5,A.*0....
45X
110
110
ii9;<
109
117
do
Cen. Ohio 6a, let m.,'90,M.4 8
W. Md.es.ist m.,gr.,'90,J.*J
do Ist m., 1890, J.* J...,
do 2d m., guar,, J.* J
do -2d m„pref. ...........
do 2d m.,gr. by W.Co.J*J
do 68. 3d m.. guar., J. ft J.
Mar. * Cln. 7b, '92, F. * A. .,
2d, M.*N
do
Ss,3d, J.* J....
do
Union RR. IBt, guar., J * J
canion endorsed.
do
110
104
110
122
118
50 'S-TM
8
...50
•.,:---S'
68, gld, 1900, J. 4
6s,'89..,.,
118
1-22
1-20
N. W. Va. 3d m.,guar.,'85,J*J
PtttBb.* Connell8V.'i8,'98,J«J
Northern Central 6s, '85, J&J
6s, 1900, A.ftO,
do
prei..
sdm. 6b, '87..
do
83
Camden 4Amboy 6s,coup, '89
11-2
.
Atl. iBt
-JJuLCar. 78, ici«..
Cam. ft Burlington l/O. 6b 91. 106
Cat«wlsBalBt,f8,conv.,,«i
do
CINCINNATI
Cincinnati
6b,
long
T
*
iC9
78
do
chat, m., lOe, 81
do
7-30S
Il3i4
do
new 78 19(«. ..
do
HI
South. RR. TSOe.t
do
connecting 68. 1900-1904..
gold,
6s,
t
do
do
ChartlerB Val., ist m. .8,O.,190, 106
Hamilton Co., O., 6s. long., .t
Delaware mort., 68, various.. 112
7B, !to5yrB..t
GO
Del & Bound Br., Ist, 78,1900
7-30B,long.t
7&
108
do
EastPenn. Ist mort. 78,
10954 Cln.* Cov. Bridge st'k, pref.
E1.& W'msport, 181 m., 78, 'SO 109)4
+
85
SB.perp ...
Cln. Ham. 4 D.coaa.Gi, 19 5
do
.....101
7», 1905 t
do
HarrlBburg Ist mor'. 6s, '90.1114
2dm. 7b, 'KSf
do
H.*B.T. I9t m.7s,gold.
Ut m, 78, f J. g. »9
cm. Ham. * Ind., 78, guar. .1
do
Cln. 4 Indiana istm. 18..^..
2d m. 78, gold, 95 108
do
2d m. 78, '!7.
Sdm.f l.scrlpg.,.!
do
do
8d m. cons. 78, 95*
Colum. * Xenia, IBt m. 7b, '90
do
lat m. 78, '8H
d, ;8.,'K) 103K
iBt
Mich,
Dayton
*
Athens
g
Ithaca*
104« 101>i
adm.78,'84.+
»i.,
do
J unction 19t mort, 63, 1900 .„
3d m. 78, '881
do
2d mort. 68,
do
Dayton* WeBt. Istm., '81...1
Lehigh Valley, ut.es, cp., 1898 nr>i\'.'.',',
119
....
181
m., 1905.1
doreg.,189J...
do
do
i8tm.6s, I9a>
do
do 2J m. 7s, reg., 1910 128)^
Ind. Cln. ft Laf lstm.78,...t
do con.m.,68,rg.,19« 113*11
68,cp.,19;3i
116
do
do (l.ftC.) 18tm.78,'8«-t
do
'Sli 108
+
Little Miami 6s, '83
Little Schuylkill, l8t m. 78
107« Cln. Ham. ft Dayton stock
North. Penn. 1st m. 8s, cp., ffi.
2dm.78,cp.,-96. 115« 118
Colunibus ft Xenia stock.,
do
114
m.7B,cp.,li)^
stock,
Dayton * Michigan
do gen.
s. p.c. 8t'k,guar
do
do gen.m.78,reg., 190-i 114H
103H Little Miami Btock
on Creek ist m. Ts, coup.. Si.
,
.
I
-t
,-(
, ,
do
4
B.. 18, cp., 96
74
105
105
Perklomen Ist m.68,coup.,'!li
PhIla.»Erle ist m.6B,cp.,'81.
2d HI, 7s, cp.,
do
Vi
30H
Phl'a.
Phlla.
Newt'n
67
116
do
2dm.,
I
• In
defanH. j Per share.
do
do
do
do
do
do
do
do
68,'82to'87
6s,'97to'9S
,
water 63, '87 to '89
water stock 68,'97.1
wharf 68
1
Bpec'l tax 68 of '89t
water 68, Co. 1907 1
53
Jeff. .M.Al.lBtm. (IftM) 7h,'8l1
do
do
2dm.,
iB
.
1
1st m., 78, 1906
+
lat m.78,'97^
Fr'k.,Loul8V. ln,68,'8'
Louis. ft
Loulav. ft Nashville—
Leb. Br. 6a, '86
78, cp.,9',
J
67W
Loulav.C* Lex.
68, '43- '41
'48-.4»
doben., cp., "3
cpB o&.
do
95
t
i
L.oulBVllle78..........
103X
N.Y.. Ist m.
* Road. Ist m.
do
do
do
do
ii'o"
*
86
104
LOUISVILLE,
121
Scrip
120
Pa.*N.Y.C.&KR.7B,l896....
125
1900 .... 123
do
Pennsylv., 1st m., 6b, cp., '80.. lulH
gen. in. 68, cp., 1910, 12m
do
gen, m, 68, rg,, 1910. 120
do
cons, m, 6s, rg., 1905 11?
do
confl.m. 6s. cp., 1903. 117
do
105«
Navy Yard 6s, rg,'81
do
..; 'lOT
Penn, Co, 6a, reg
common.
MancheBter * Lawrence...
" Nashua*
Lowell
llloS
1
,
S4Ji
'^
103
Inc. 7b, end., '94, 32
m.,68,19W.
110
ist
Dela,
Belvldere
2dm. 68. '83.. 103
do
Law.* Southern. Kx.R
Little Kock* Fort Smith...
66« 57
K.C.
60
Pittsburg
il8
117
Northern Central
Western Maryland
Central Ohio
do
Concord
108
32W
35^
34^
AUeghe^nyVai.^7M0,.189....
do
do
116
115
113
2d pref
Wash. Branch. lUO 150
Parkersb'g Br..50
do
do
do
RAILROAD BONDS
Boston* Maine
4m
30X
do
Susquehanna
95
106
110
100
Ball.* Ohio....
Istprtf
do
do pref
Peansylvanla.
Schuylkill Navigation....
150
Boston* Providence
iii
...
Cheshire preferred
53
'84
Chic. Clinton Dub. * Mln....
Cln. Sandusky * Clev
"i>H 14X
.
15«
Horns
121« 128
Bar I. * Mo., land grant 7s.
116
do
Nebr.es
Ex 106K
do
Nebr.Ss
:us
Conn, * PassumpBic, It-, 189i 111
Kastern, Mass., 4>ts, new. ..
.
Vo'A
leon
Philadelphia* rrenton
60
PhllarwSmlng. * Baltimore 15>4
!5X
Pittsburg Tltusv.* Buff....
30
prei.
do
si
35
Com
*DulathB.R.
Paul
Bt
63
do pref.
do
172«
United N.J. Companies.
West Chester consol. pref
Klttsb. Tltusv.
STOCKS.
Atchlfon & Topeka
BOBton & Albany
Boston ft Lowei!
7«
15J»
CASAI. STOCKS.
Chesapeake ft Delaware...
Delaware Division
Lehigh Navigation
107K
.
Old Colony, 6b
Omaha ft 8. Western, 88 ....
Pueblo & Ark. Valley, It
11??«]112U
Rutland 68, Ist mort
96M
Vermont a Canada, new Ss..
VermontftMass. KR., 6s
Atch. * Tcpeka ist m.
do
land grant 7b
do
-2d7fl
do
land Inc. 9s.
15>4
WeBtJersey
110
.
OldColony,7»
BOSTON.
Qg'lensOurgft
48«
Philadelphia* Erie ...
Pnlladelphia * Kead)ng
107W
Maryland 68, defense, J.& J...
68, exempt, 1887
do
69, 1891), quarterly..
do
do
58, quarterly
Baltimore 6e, 1S8I, quarterly,
do 68,:866, J.&J
do 6a, 189D, quarterly.
do 68, park, 1390, tJ.—M,
do 6s, 1893, M. 4 S
do 6s,exempt,'jS,M.*S.
do 68,1900, Q —J
do 68.1902, J.* J
do 5H, 19;8, new
Norfolk water, 88
BAILRQAD STOCKS. Par.
.
59 Hi 39>4
Pennsylvania.
Fifth Avenue..
The
57
102
Norrlstown....
Germ'nAmerlc'n
Chase National
54
t2*
First National..
N. York County.
do «8, boalftcar,rg.,!9;3
do 7s,boatftcar,rg,,19l5
Susquehanna 66, coup.. :9i8.*
Wllliamsport.......
prei..
do
do
Har P. Mt. Joy & Lancaster.
Kast River..
Dela, 1st 6b, rg./8(
Morris, boat loan, reg., 1885.. 140
Pennsylvania 6s,co-.iF :910..
Schuylk. Nav.lst m.6B.rg.,'97.
2d m.68, reg., 1907
do
do
00
Continental
Oriental
Marine
.
Osmden* Atlantic...
pref
Leather..
Kz£hange.
ft
Delaware Dlviaion 68, cp.,'78,
109
Lehigh Naviga, m.,S8, reR.,'ft
do mort, BR., rg ,'9'; 10«
do m, conv. g., reg.,':i4 103
*97
gold,
mort.
do
107«
do cona. m.78, rg.,19l: 106«
BAH-BOAD STOCKS, t
8t. Nicholas
Com
Chesap.
4
7s, reg.
6s.
Harrtsburg City
'94.
CANAL BONDS.
icoup.
Camden County 68, coop
Camden City 69, couponcoup.
Nassau
Market
m.68,
94
70
88
103
} IS
We8tJerBey68,deta.,coup.,'8S 100
iBtm.68, cp.,'96 113
do
118
lstm.78,'9<i
do
con>. 6s, 1909
do
Western Penn. KR. 6B,c-p.:89S 105
ts P. B.,'96 105H
do
&
exemi)t,rg.
do
J. cons,
lOSW
F. ist m. 7b, '96
West Chester cons. 7s, '91
79,w't'rln,rg. &CP,
.10 7s, «r.imp..reg.,'33-86.
N. Jersey 69, reg. and coup. ..
North America.
8hoe&
Onited N.
do
Chatham
ist m. 7s 1907..,,
83
llBz. ft W.,l8tm.,58,'2j
ft Erie 1 st m. 78, ^97., 112
Warren*
cp.,1913.
68,g'ild. reg... ...
5s, reg.
do
Mercantile
PariBc
Republic
Sunb.
Snnbury
is, reg.
Commerce
. .
10»H ^yra.Gen.* torn'/,l8t,;6,l»05
'rexas * f ac. 1st m ,6s, g..l903
cons, m.,68,g.,l905
do
lnc.*l.gr.,7s 1915
do
Union * Tltusv. ist m. 7b, '9C.
66,oia,reg......
do
do «B,n., rg.,prlorto 95
do 69,n.,rg.,1395ftover
do 49, various
Allegheny County 59, coup..
Greenwich
Leather Man'f' rs
Seventh Ward..
Bute of N. York
American Bxch.
10«ii
71)«
Stony Creek
102
do
do
do
au
Gallutin Nutlun'l
106
71
Pltta.Cln.*St: L. 7s, con.,190C 18
79,reg.,l»iH 119
do
do
Shamokln v.* Pott8V.7B, 190! 112
Steubenv. * Ind. 1st, es, 1884. lOSi^
STATB AND CITY BOSB8.
Citj
115
do
deb. 7b. cps.ofl
do mort., "s, 189-2.3
108
Wlim. * Bait. 6s, '84
Phlla.
PHIIiAPEIiPHlA.
UDlon
Pboenix
68
116
do Imp. m.6<g., 1897... 106
34
00 conv. 7b, !8iB'
do
7s, coup, off, '93
Phil.* K.Coal* Iron deb.7s,92
& Nashua
llMluuiIca'.
Amerlo
34
1882
do
In. m. 7s, cp,I896
do cons. m. is, cp,. 191!.,
do cons. m. 78, rg..l91i..
do conB.m.69.g.l.l911. .
to wen. m. 69, 1903 ....
100
•
,
.
BO'STO.N, PIIIIal.D8IiPUtA., Etc.— Contlnaed.
shows
statement
J
38
'i8>i
+ I04»!
St m.Leb. Br. Kx. 78, '80-85.1 101«
do
68, '93., .t 105
Lou. In.
Jefferson Mad. ft lud, slock. 103
1
t
And
Interest.
I
—
..
September
—
.....
.
.
—
. .....
.
»
. . ....
.
.
I
THE CHRONICLE.
18, I860.]
301
QUOTATIONa OF STOCKS AND BONDS IN NEW YORK.
U. S. Bonds and
actite
Railroad Stocks are quoted on a previous page.
Prices represent the per cent value, whatever the par
may b«.
STATE BONDS.
Bid.
BKCtTKlTIKS.
Alabama— Class A, 2 to 5
68X
. .
SXCtTRITIES.
70
Missouri -fls^due 1888 or '83
Class A.iituS, small
ClMsB.Ss
Classes to
81
78
5
Ha
A
R. R. RR...
78. 18B0
A
St. Jo., 1886.
do
6s, gold, coup.,
69, loan, 18S3.
1887.
1887
48
103
115
New
106
107
109
109
bonds,
do
Chatham
117'
Small
Ohlo-6a, 1881..
68,old,
119
120
31
31
A.AO
Non-fundablo
new
new
6«,
6s,
1
class S
class 3
81
81
series
1
.
68, consol.. 2d series
68, deferred
D. of Columbia— 3-608, 19S4.
Consol. 48, 1910
108
109
69,l«i6
Atk.
•
(•
Vlrgina—6s, old
6s, new, IWW)
69, now, 1M«7
68, consul, bonds
6s. ox matured coupon..
RR
Bs,
Bid.
Tennessee—fla, old
AJ
A.AO
Special tax, class
SCCVBITICS.
Rhode Inland—68.coup.'93-9 lis
South Carolina—
6«, Act .Mar. a, 1880.
J.
do
do
do 1S91
IHre
6s, do
68, do
181W
North CaroTina—es, old,JAJ
A<k,
A.AO
do
do
oonp. oir. J. A J.
do
coup, off, A.AO.
Funding act, l«8fl
1868
do
H9,<tuo IHKH
duo ItiMDor '00
Asyluiu or LJiitv., due '93.
Funding, 1SD4-95
New York—88. gold, reK.,'87
new
78,
78, endorsed
78, Kold
duo IHNH
due 1MH7
Hannibal
do
7s. Arkansas Ceni.rul RR.
Connecticut—68
Georgia—6s
Louisiana— 7b. consolidated
Mlchlgan-«s, 1883
69.
69,
Bid.
N. Carolina.—Continued..
No. Car. RK., J. A J
68,
Arhansaa—^Is, funded
79, Ii. Rock & Ft. Sc»tt Iss.
78, Memp. * 1j. Rock Rll
7s, I,. R P. B. 4 N. O. RR.
7s. Miss. O.
8KCUlim>8.
Atk.
an
Registered
100
Funding 5s, 1899
do
registered
RAILROAD AND IfHSCELLANEOUS STOCKS AND BONDS.
Albany at Susquehanna ..
109
Boston A iN. V. Air I-,., pref. Ml)
Burl. Cedar liapids A No...
66
VStii
Cedar Falls A Minnesota...
Central Iowa
ISO
Ist pref
do
75
J
2d pref
do
S47W
Chicago A Alton. pref
l'<!ft
Cln. Ind. St. L. A Chic
Clev. A Pittsburg, guar
Dubuque A Sioux City
84
A Kokomo
Ind Bloom. A Western....
Intern'IA Gt. Northern....
Keokuk A Des Moines
Harlem
do
pref.
Long
Island
L0UI8V. N. Alb. A Chicago..
Memphis A Charleston
Metropolitan Elevated
N.T. BleTated
N. Y. New Haven A Hartf
N. y. Ontario A West. pref
Peoria Decatur A Evansv.
PRts. Ft. W. A Chic. guar.
Bpec'l.
do
do
,
Pitts. TltusTillo
A
Buffalo..
A Saratoga
Rome Watertown A Ogd...
:...
St. Paul A Duluth
Rensselaer
pref.
do
do
Btonington
Terre Haute A Indianapolis
Texas A Pacifle
do trust certtf.
do
Toledo Peoria A Warsaw.
United N. J. RR. A Canal
.
Warren
Miscellaneous
St'ks,
Attftms Express
American Kxpress
United States Express
Wells, Fargo & Co
American Coal
,
Boston Land Company
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mininar
Central N. J.I>und
,
l9t m..
La
istm..
I.
i9t m..
I.
119
C. DiT.. IS93.
M-, ll'07. ...
n5«
A
AD.. 1899
Istm.. C.AM., 1903....
Con. sinking fund, 1906
2d mortgage, 1884
1st m.. 'fi. I.A D.Exl.,190e
8.-west diT.. l.st 6s. 1909.
let 59. iJiC. A »av., 1919.
Ist So. Minn. div. 6s. 1910.
Istm.. H. AD., 7s. 1910...
115
118
115
n.i^iS
1'22
USX
lis" lii
103
90
102
1117<
68
124
70
Chic.
St, Iron
Consolidation Coal of Md.,
Cumberland Coal Ol Iron..
A Northw.— Sink.
Int.
Deadwood Mining
,
.
Ist Pa. div., coup.. 79, 1917 tiis
reg., '<s. 1917
do
Albany A Susqueh.. Ist m
2d mort
do
1st con., guar
do
Rena.A Saratoga, Ist.coup
Ist. reg.
do
Denv.A R. Grande— l9t.l900
1st cons. 79. 1910
do
extended.
Erie— Ist mort..
S24H
33
,
iim
Mining
LeadTille Mining
Little Pittsburg Mining ...
Mariposa L'd & Mining Co.
do
do pref.
136
,
li4«
:]28
107
107M
125M
10«>< lOttK
.
I>a Plata
:113«
:104
2d mortg., ext'n 5s. 1919.
3d mortgage. 78. 1883...
4th mortgage. 79, 1880 ...
5th mortgage. 7s. 1888 ...
1st cons, gold 7s. 1920
SIO
.
Homestake Mining
iii>i
Long Dock bonds
Buff. N. Y.A E, 1st m.. 1916
120
118
120
8S
N.Y.L.B.AW..n.2d.con..69
Blaryland Coal
do 1st. con., f, cp..7s
Montauk Gas Coal
do 2d.con.,f.cp.. 58.6s t»2>»
l'73Ji
108><
N.y.&StraitsvilleCoaUtlron
nan. A St. Jos.—8s. conv...
Ontario Silver Mining
1st. m. l.,79 107^
Hous. A Tex.
105^
Oregon Railway & Nuv. Co. ilSU
l8t mort.. West. Div., 7s.
106
Pennsylvania Coal
1st mort.. Waco A N., 78.
118
Pullman Palace Car
2d C, Main lino, 8s
120^ 124
98
Quicksilver
ad Waco AN.. 88
lii
13)5
pref
do
Inc. and ind'y. 7s
56
3ilver Cliff Mining
Ill.Cent.— IJub.ASioux Cist jido'
S3>i
Btandara Cons. Gold Mining
Dub. A Sioux C, 2d dlT...
28
Cedar F. A Minn., l9t m.. 10%
C—
Railroad Boiul^.
Ind. Bi'm A W.— 1st, pref. 7s
1st mort., 7s. 1900
2d mort., 1909
Ind's Decatur A Sp'd 1st 78
Int. A Gt. North. Ist 8s,gld.
Stock Excfxingf Prices*.
Bait. A O.-lst es.Prk.b.l9l9
Bost.H. AErie-lstm...
41
1st mort., guar
Bur. Ced.R.i North.— lst,5s
Mlnn.& St. L., tat, 7s. guar
VSlit
Iowa City A West'n.lst 7h
Central Iowa, 1st m.7s. 1809
105
Chesap.A O.— Pur. m'y fnnd
106X
6a, gold, series B, int. def.
6s, currencT. int. deferred
112
loe
69j<
38)t
& Alton— Ist mort.
123
Income
Sinking fund
iJollet a Chicago, Ist m
lK)uis'a Sl Mo., lat m..guar
do
2d 7s, 1900.
et. L. Jack. A Chic. Ist m.
m
do
assented
Convertible
do
assented
Adjustment, 1903
liehl^h
A W.
B., con., g'd
do
asMcnl'd
m. Dock
A Impr. bonds.
do
assented
:112
103><
115
*
Prices Qumioal.
t
Cleve.
A
do
Ind., s. f.. 78.
Tol., sink. fund..
new bonds.
lisjij
Louisv. A Nash.—Con8.m.,7s
2d mort./(S. gold
Ceciiian Branch, 7s
Nnshv. 9c Decatur. 1st. 79.
L. Erie A West.-lst 89, 1919
Laf. Bl.AMun— l9t69. 1919
120W
98H 100
Manhattan Beach Co. 79. '99
117
118
N.Y. A Man. Beach l9t7s,'07
Marietta A Cin.— 1st mort.
id7>i ids"
Ist mort., sterling
Metropoilt'n Elev-l9t.l908
ld7«
•.mi.
do
2d 69. 1890....
109
IIOM Mich. Cent.—Cons., 79, 1902
Ist mort., 8s, 1882, s. t
95
Equipment bonds
112
Mo.k.A T.— Cons.aVsV.itidi^
117
2d mortgage, inc., 1911
H. A Cent. Mo.. 1st.. 1890.
V"Mle A Ohio— New
And accrued Interest,
t
m.. 69.
No prloe to-day
;
{Broktra' QuolaUom.)
IMH
BAILROADS.
116
116
lieji
A N.. Y Alr-I>— 1st m.
ChlcA Can. So.— 1st m.,g.,78
Chic. A E. 111.— S. F.c'y 1907
113^118
105
nw 9-2^
lOOH 102
112
107
1
Atch.AP.Pk— 78,gld
Boat.
Income bonds
775i
103>»
«iio«
109
109Ki
100
106
S5
100
90
Chic. St.P.A M'poli9-l9t.6«
Land grant Income. 69
Southwest.— 79. guar
luSH ChicA
Cin.I..afayette ACh.— 1st ra
Cln. A Spr.— I9t, C.C.C. AI.,78
Ist m.,g'd L.S.AM. S...
Denver Pac— l9t,79,Id. gr.^g
A Pittsburg— lat m.,'S
Con. mortgage, 78
Erie
iidA^ii
lOOJj'lOI
equiumcnt
7a,
._
112«1I129< Evansv.
A Crawfordav. -7s.
115
117
Flint A Pere M.—88, I'd gr't
115J4117
Consolidated 88
Stock
105
..A Galv. Hous. A
H.— 78, gld,'71
Gr'nd R.Aind.— lst,7s,l.g.gu
119
1st, 78. Id. gr.. not
1st. ex. . gr..78
118H llBk
110^,
guar..
00
102«
77
79
8d mort.,6s, 10«9
102
Pur. Com. rec'pts, Ist.E.D
183
132
mortgage. W. D
Burlington Div
1st pref. inc. for 2d mort.
1st pref
.
inc. for consol
Wab. nn.-Mortg. 78 of
.
107
104
108
108
87
18
89
20
MS
no
lOS
95
80
Long Island— 1st mortgage.
no
87)j
30
'79.
Consol. conv., 7s
Qt. Western, ist m.. ex cp
do 2d m.,79,'93,ex cp
O. A Tol., 1st, 79. '90.ex cp
111. A So. la., l8t m.7s.ex cp
Ilannihal A Naples, Ist Ts
104
104
111
104
104>i
40
:02i
109
Ala.AChat.— Hec'rs ctfs.vai
Atlantic A Gulf— Consol..
Cent. Georgia—Cons, m., 78
Stock
A.—Cons.,
Charl'te Col.A
7s
2d mortgage, 7s
Stock
East Tenn. A Georgia—68
E.Tenn.A Va.—68,end.Tenn
E. Tenn. Va. A Ga.— Ist, 7a.
Stock
Georgia
BR.— 7a
104K
107
lOOX
J
6»
11
7
42
16
90
88
40
85
118
105
MI9
nu
too
1(H)
116
113
116
48
20
•m
Vi
A Col.—78, Ist m.
guar
10?" no'
Ill
98
105
98
42
93
100
113
90
115
100
100
100
109
Macon A Aug.—2d, endors. 102H
MemnhisA Cha'aton— lst,78 100
K.C
Omaha
2d. 7s
Stock
Mississippi Cent— Istm, 78
2d mort., 8s
Miss. A Tenn.— Ist ra., Sb,
117|t;120
West. Un. Tel.-1900, coup.
I04J<|1059<
1900, registered
108
Spri ng. V'y W.Works-lst Bs
111
Oregon R. A Nav.— Ist, 6s
102
IXCO.ME BO.NDS.
1st
A
mortgage. Hs, B
A Jacks.— 1st m.,
Rs...
Certificate, 2d raort.,8s...
Norfolk A Pett'rsb.— Ist, 8b.
1st mortgage, 78
N. O.
103
Central of N. J.-1908 ....
CbicSt.L.AN.O.-2d m. 1907
Col.Chlc.41nd.C.,inc.7s.l890
Cent. Iowa coup, debt certs.
C.St.P.A
1,. Gr.,In.B9.'98
101
101k Ind's Bl. A W'n— Inc.. 1918.
Ind's Dec. A Sp'd. 2d Inc. ..
89)4
124
124 Ji Int. & Gt. Northern— 2d Inc
Leh. A Wilkes B.Coal— 1888
llOXi
Ijike Erie A W'n-Inc.7s.'96
Ijif. Bl.A Mun.-Inc. 7. 1899
104M;104H; MoblleA O.— l8t pref. debea
63>|' 64
2d pref. debentures
.... 113
3d
do
d'h
rto
103
I or.
103'
2d mortgage, 8s
Northeast., 9.
lit m., Ss.
2d mortgage, 88
Rich. A Dan.— 1st ccnsol ,6a
C—
Ms
we latest qaotatloiu nuida tbU week.
Stock
Greenville
7s,
A N.R. B.A R..78
Div.. 1st mort., 7s
Clarinda b.. 69. 1919
8t.Cha9.B'dge.l9t, 7s, 1908
North Missouri. 1st m., 7s
St.L.
.
7U
»4
RAILROADS.
135
135
.
Ist ext.78
Ist St. L. div.7s.ei mat.cp.
2d mortgage ext.. ex coup
Equipment bonds, 78, 1888
115
110
110
80H
io
70
99
T.AWab.,
10ft
103
90
105
Kansas A Nebraska^ l8t m.
2d mort
95k-
...
114
Vine— l8t.78.gr
Indianap.A
no
95
85
85
60
1
Indianapolis A St.L.— lat, 7a
2d mortgage
107
4»
11!
W06X107
*1041
105
108
lOSVi
108
100
70
do
2d mortgage.
86
Midland of N. J.— 1st, new.
10
Income, " A "
5
do
"B"
N.Y.AGreenw. L.— Ist.'s, n. 35
103K
do
2d
104
New Jersey 80.— l9t, 69. new- 85
93
A Pacific- Ist m. 70
66« St.2dJoseph
as
mortgage
82
l9t Con9tructlon,98, 1930.
20
St. Jo. A Western stock.,
Pennsylvania RR—
15
St.L. VandaliaA T.H.— l8t m
138
Pitts.n.W.A Chic, 1st m
101
2d mortgage, guar
127
do
do
2d m..
98
1.)—
mort
South
Side
(L.
1st
do
do
3d m.. Xll9
104
Union A I^ogansport— 7s
Cleve. A Pitta., consol ., a.f 122W
V. Pac— South Branch ....
do
4th mort...
93)i
Col. Chic A I. C. 1st con..
Southern Securities.
do
2d con...
do 1st Tr't Co.ctfs.as8 •93if
do 2d
do
ass.
IBrokera' Quotaitom.)
93><
do 1st
do
Buppl.
St.L. Va.AT.H.. 1st g.7s,'97 115
STATES.
do
2d 7s, 1898
97>«
So.Carolina— Con., 6s (good)
do
2dgtd.7s. '98 106
95
New imp't cons
64},<
Rome Wat. A Og.— Con. Ist. (U
Texa9-69, 1892
M.A 8. +104
St. li.A Iron Mount'u— 1st m 111X
J. A J. *na
79. gold, isn-a-ioio
106
2d mortgage
79. gold. 1904
J.AJ. H15
Arkansas Hr., 1st mort... 105 1U6
41M
Cairo A Fulton, 1st mort.
108M Virginia— .New 10-409
rast-due Coupons.—
108
Cairo Ark. A T.. Ist mort.
10
Tenne993ee State coupona.
St. L. Alton A T. H.— Ist m. 112
40
104
106
South Carolina consol
2d mortgage, pref
10
99), Virginia coupons
do
income
consol. coupoci...
do
90X
Belleville A So. 111.. Ist 'm.
109«
St. P. M. A Manlt'a-lst,
1st
104
th«8e
Miscellaneons List.
111!<
100
Tol.Peo.AW.—
65
.
108«
111
III
10U>i
IIB
Cleve. P'ville A Ash.. 7a
Buffalo A Erie, new bds... 119
Buffalo A State Line. 79.. «100
Kal'zoo A W. Pigeon, 1st.
1239^ 125
lOIjJ
121
Chle.MII.ASt.P.-lst.8s,P.n ;130
3d mort., 7 3-10. P.D.,lfi9S 116
l*t tn., 7s. % ir'M.R.I>..tOO'^
Lake Shore
Mich 8. A N.
108«
1'8H
114
77
112
130
103
ir
.
.
83'
Det.Mon.AT.. l8t,79.'1908 :117
Lake Shore Div. bonds... 120 Ji
do
cons, coup., 1st
123)<
cons, reg., 1st.. tl22'
do
do
con9. coup., 2d. 118
cons. reg.. 2d
do
.
Ml8s.RiT.Bridge.lst,8.f.68
Chic. Bur. A Q.—H p.c, Ist
Consol. mort., 78
Ss. sinking fund
Chic. Rk. I.A P.—68, cp..iei7
38, 1917. registered
Keok.A Des M., Ist, g., Ss.
Central of N. J.— 1st m., '90.
lat consolidated
.
. .
.
Excelsior Mining
Gold & Stock Telegraph.
1st m., 78, reg
do
Y. Elevated-l8t. 78. 1906
50
St.L.I.M.AS.-lst 78.prf .int.
2d int., 68, accum'latlre
9.3« V3H
Canada South., Ist, int. g.
Harlem, Ist m., 7s, coup J125
—
h^H
107
N. Y. C. AHud., 1st m., cp
Istm., res
do
Huds. R., 7s, 2d m.. 8.f..'8S $110
.V.
.
Imp
68, real estate
6a, subscription
.
17
Climax Mining
Colorado Coal
Chicago
WiH
llOK N. V.ljikcE.iW. inc. B9. 1977
Ohio Central— Inc., W^O. ..
Peoria Dec A E'vU'e— Incs.
110
106
109
106
106
130
68,1887
I'd.
Nevada Central— 1st m. 6s.
106"
bonds
Ohio A Miss.—<'on8ol. a. f'd
i24«
Consolidated
Consol. bonds
Extension bonds
2d consolidated
169
l9t m.. Springfietd div
Isl mortgage
118
Ohio Cent.. 1st m.. Bs, 1920
Coupon gold bonds
i;8ji
Peoria Dec. A E'ville, Ist 6b
Registered gold bonds
aoji
il07H 108
Pacific Railroads—
Sinking fund
108«
do
registered..
Central Pacific—Gold bds.
San Joaquin Branch
Iowa Midland, 1st m.. Hs. tiao'
Cal. A Oregon. Ist
Galena A Chicago, eiten. J103H
33
41
Peninsula, Ist m.. conv
State Aid bonds
»2« 94«
Land grant bonds
Chic. A Mil., I8t
112
Xio
Western Pacific bond9..
Winona A St. P., 1st m. .. 108X
171
168
2din.... tl!4
South Pac. of Ca!.— l9t m.
do
25*
28'
Union Pacific— l9t mort
C. C. C. A Ind's— 1st, 78, a. f. i2i,m
Ul«
Land grants, 78
Consol. mortgage
125
123
no
Sinking fund
C. St.L.A N. O.- 'Ten. lien 78
106^ 110
Registered. 88
132'
l9t con. 79
'.00
Collateral Trust, 6e..
99Hi
C. St. P. Minn.AO'aCnn9.69.
1120
Kansas Pac—
Ch.St.P.A Min..lst B..191M 107 J4 no
S20«
102^ 105
Ist m.. 6s. '95, with cp.ctfa
N.Wisc. lstM.,69..19.'iO.
ioo«
1st m.. 69, '96,
do
St. P.A Sioux C.lst 69.1919
Den. Div. 6a asa. cp.ctf..
Del. Lack. A W.— 2d mort siooS
108
do
1st consol. Bs
7s. convertible
119
Pacific RR. of Mo.— ist ra.
Mortguge 7s, 1907
2d mortgage
...
Syr. Bit «h. A N. Y.. Ist, 79 116
J132)«
Income, 78
Morrl9 A Essex. 1st m
114
2d mort.
1st m.. Carondelet Br
do
bonds, 1900
do
St.L. A S.F., 2d Bs.class A.
construct'n
do
3-6s. class C.
do
3-69. cla9S B.
7s of 1871. 114
do
do
114
Ist con..g'd
do
do IstBs.Peirce.CAO
117
loeji
Det.AHud.Canal— lstm.,'84
do Equipm't 7s, '95
59
iii>«
South Pac. cf Mo.— Ist m.
1st mortgage, 1891
48)^
extended
Texas A Pac.-lst, 6b, 1905..
do
UOJ^
Coup.. 7s. '94 lie'
Consol. 68. 1905
do
Income and land gr't. reg.
Keg. 79. '94. 116
do
'.19
Frankfort
do
Nash. Chat. A St. L.— 1st 7s
N. Y. Central—68, 1883
Ch.Mll.A St.P.-Contlnued.
Sailroad Stocks.
[Acuce previously quoted.
Southw. Ga.— Conv
S.
,73, '86.
Stock
Carolina RR.- Jat m.,
Stock
7s, 1902, non-en jC ted
7s.
—
Non-mortg. bonds
West Ala.— lstmor*..8B....
2d mort..
i
8s. gna.*
No qaoUtloa t4>da}
t99
36
105
106
127
108
109
lU
103
103
110
127
117
106
107
100
108
8
75
afs
ns
lis
iKt«-.
;
lateat
113
98
107
101
4.S
108
100
118
104
ion
inn
100
3S
107
110
l.<«
118
111
117
.>•
..•
...
...
110
10
Hit
40
114
114
101
ule tUb w«« k
—
.
I
.
J... .
.
—
1
.
^
..
THE CHRONICLE.
E02
NEW YORK LOCAL
Bmnk
[Vol.
XXXI.
SECURITIES.
lasnrance Stock
Stock LUt.
List.
[Quotations by K. 6. Uailby. Broker, 7
Price".
Pme Street.]
Sarplns
CoMP*m«.
at latest
dates, i
p
re not Nal .. ^
»
Iterk'il Ihua
Net
Bid. Ask.
Last Paid.
Surplus,
Juy
Coa^Asns.
1.
1880.*
lOU 3,000,000
America'
Am-Kxcbange. 100 5.000,000
lOO 2SO,000
Sowery...
3H
133
May, '80. 3),
July, '80. 5
luly, '8*. 8
)u y, '80. 3Ji
Julp, -SO. i
ept. '80. 3
116
Inly, '80.
!,6J«.SlOO .).& J.
1,4J5,0'X) M.&N.
20i!,00a >.A1.
29 1,000,000 l.«78.50o I.A J.
Broadway;^
>W,7.)0 J.ftJ.
Bnttheni'&Dr. «» HOO.OOO
American
+ 51)
American £zch lOO
105
115
100 2,000,000 434,8O0 J.«J.
74.100
lOO 800,00t'
110
Oupy. '80. 3
450,000 l8U.K0a j.'a J^
1700
Sent. '80.15
100 800,000 3,3Sil 100 Bl-m'ly
Chemical
'80. 8W 105
July,
J.
i;0.40O
J.&
600,000
S6
Cnitens'
My, 80.10 200
100 1,000,000 1, 488,r('u SI.&N.
City
July, '.-^O. 4
140>^ 144
Concmerce ... 100 5.000.000 b,tK14.100 I.& .).
•
"80. HH
3M July
OoaUa°Dial... 100 1,000,000 •ili-i.iOO 1.4 J. 10
'SO. 8
10
\,iK.
F.&A.
Corn Kxch'ge' 100 1,000,000 022,600
July, -SO. 3«
3«
70 300 I & J
280,000
2!S
SaalKlver ...
.inly '76. 3
IB, -.1)0 T.&.l
nth Ward'... 8.^ 100,000
July, "80. 3
I.
4.1,800
J
150,000
&
100
226.100
'80' 5
Fifth iveiiae* 100 100,000
120
July.
100 500,00(t 2.1W.70O li-J.
First
6 July, •80. 8J4 lib iiV
100 3,i00,00li 1.0.S1 30G I?&J.
Fonrtb
bO. 3ii, 140
7
May,
878.800
\I.&N.
30 600,000
Fhlton
7« Apl •80. 4 '78
60 1,000,000 754.000 A..& O
eallatln
to
Aug., '80. 2ii
81300
fr.ft A,
JSO.OOU
rA!ti.*
Qerman
i^ May. '80. 6
BO.SOl)
May.
Qerman Eich.' too 200,000
3
May, •80. 3
67.230
100 200,000
eermama*
'80.
3
6 Mav.
17i0j M.&ii!
85 200,000
Greenwich*
7
lu y, •80. 3H 123
100 1,000,000 i'8H.O';0 1.4 J.
Hanover
SOT
14
....
July. 'SO. 1
ljnp.& Trader*' 1(K) 1,600,00') 2,CBa,200 J.& J.
'80.
4
8 July.
15H.810 I.&.T.
50 500,00'
Irving
'80. 3
7,500 J. & J.
Ulandcity ... fO 100,000
'8 Juy '80. 5
luiv,
Leather Manof 100 600.000 441800 1 4 .1
7 Acg., '80. 8Jj
50 2,050,000 :, 10.^,8.-10 F.&A
Manhttttau*...
3
.lu y, •80. 3H
ro7.800 I.& J
400,000
100
Marine
July, 80. 4
100 500,000 2i(5.000 I.& J.
Market
July. '80. 4
26 2,000,000 1,032,100 I.& J.
Mechanics'
4
May. '80. 214
7d,40u M.&N.
Mech. Assoc'n 50 500,000
2hi July, •79. 2>j
41,800
Mech'lcs & Tr. 25 200,000
3
.May, '79. 3
188.10'J
1,000,000
MiTcantlle
100
Iuiy,''-0 SH
6«
50 2,000,000 740,500 ) . 4 J
Hercbaats*. ..
July, '80. 3
Merchants' Ex. 50 1,000.000 178.100 J.& J.
July, 'SO. 3H
41,900 I.& J.
300,000
Metropolis*.
100
July, 'fO. 5
MetropuUtan.. 100 3,000,000 1,331,^00 .I.&.l
12
,]uiy, 'SO. 3
77.8
J. 4 J
Miinav IllU' .. 100 100,000
6
.May. '80. 3
60,700 .Vl.SN.
100 1,000,000
Nassau*
'80. 4
8
80'i.lOU
J'Jly,
.1
I
.
&
2,000,000
100
New Vcrn
'
8
.luy, '80. 4
47,300 I. A
N. T.Coijaty.. 100 200,000
88 600 F.&A,
Ai:g. '80. «U
K.Y. M. tJMll. 100 800,900
Ju y, •80. 3!^ 107 II rS)
too 750,000 14l).7u0 i.&J.
Ninth
'80. 3
110
-00,000
166.900 1.4 J
No. Anierlca*.
"7 •luly, '80.
S.p^
O-'.Oi
July,
240,000
J. 4 J
North Klver*.
8
183.100 1.4 J.
300,000
Ju yi •80. 4
OrlenUl*.....
10
•U i,50lj Q-F.
Aug., '80. 2'^
422,700
Pacldc8
631.300 1.4 J.
i"iy. •8U. 4
Park
2,000,000
7
i:i0.400 1 . 4 .)
July, SO. 3<4
People's" ....
413,500
3 July, 80. 3
Phcnlx
1,000,000 218.000 J. 4 J.
lUly; '74. 3ii
Ilf,H(0
Produce*
TM.VoO f.&'a!
.-Vug., '80. 4
126
Bepnbllc
1,500,000
Uiiy, 'SO. 3Ji
135 800
500,(00
St. Mlcholaf...
8
July. '81. 3
58,600 j'.'jfcj.
Beveath iVai'd
300,000
'8'.l.
g
128 OUO J. 4 J.
July.
5
Second
300,000
Iti.y, '80. 4
500,000 i;.i.2i'0 .1.4 J. 10
Biioe & Leather
6
40.300 J. 4.
July, 'SO 3
SUih
200,000
'80.
7
May,'
State o( N. Y
800.000 273,600 \I.4.N.
3H
3
IDi'.OOO J. 4, 1.
July, '80. SJ^
Thhrd
100 1,COO,000
279 100 J. 4. 1.
7«
July, '80. 3W
Tradesmen's.
1,000,000
10
'80.
711,iiiO
My.
M.4N.
8
UeIou
1,200,000
8
July, '80.
est Side'...
200,000 120,0,0 1.4 J.
Centrai
Cti»e
W
Chatham
.
'
.
nnh
,
Bowery
Broalway
Citizens'
80
50
Continental., t 100
Kagle
40
100
Empire City
80
Kzciiange
60
Farragut
17
Firemen's ...
10
Firemen's Tr
Franklln4Knif 100
German-Amer. 100
50
Qermaula.
50
Globe
.
^
^
for the Nationul banks
Gad and City Railroad Stocks and BoudD.
li
Date.
25 2,000,000
20 1,200,000
l.COO
100
V
certificates..
do
Mitnal.N. Y
bonds
do
Hassan. Brooklyn
do
scrip...
New York
1,000
25
Va
New York
316,000 .\.&(>.
^,500,000
1,000,000
6,000.000
1,000,000
1,000,000
7
....
Williamsburg
do
bonds
Metropolitan. Brooklyn..
Hnnlrlpal
do
bonis
Fnlton Mui! Iclpal
'80 108
'80 62
l»i)8
100
3 Feb. '7S 72',;
'^ July, •ill \M^
H
Juie, '^0 185
5
Aug., -80 140
3% Aug.. '.SO 101
Juy. 'oO 72
M.4S.
M.&S.
W
Quar.
'fj- 2U
700,000 M.&N.
100 4,000.000 M.4N.
10 1,000,000 f. A J.
87.- ,000 M.*N.
1,000
Var.
125,000 M.&N.
50
466,000 F.ft A.
50 1,000,000 Quar.
1,000 1,000,0011 A.lli 0.
100 1,000,000 ill. 4N.
100 1,500,000
750 oon M. &N.
iob ;i, 50.1,0001
PpoolP'f* (Brooklyn)
Central of
r.
100
May,
2W Aug.,
50 1,850.000 F.ffiA.
20
750,000 1.4 J.
50 4,000,000 1.4 J.
ISetropoIitan
Bondi
Bonis
5
Var.
Var.
.
1883
10
Feb., 'PO 45
i>'^
yay.
4
Juoe,
3H
'SO
'80
.Ian.. '76
34
85
75
50
70
1897
IHOO
«
3
m
Ju
^
July, '80
July. '80 M5
1888
105
y, '80
July. '80
h
19U1)
a
1
1.(1
105
.-
101
63
;
Bteccker
let
St.
4 Full. Ferry
-Bt'k
mortgage
Broudway A Seventh Av.— St'k
1st mortgiige
Brooklyn (;ity— Stock
lijt
mortgage
Brotidway (Brooklyn)— Stock ..
Brooklyn & Hunter's Pt.— St'k
1 St mortgage bonds
BuBhwick Av. (B'klyn)— Stock
Central Pk. N.& B. iilv.-Stock
Consolidated mort. bonds
Chri stopher & Tenth St.— Stock
Bonds
Dry Dock B.B.&Batt'ry— Stock
lat mortgage, consolidated
Eighth Avenue— Stock
iBt mortgage
2d St. 4 Grand St. Ferry— St'k
Ist mortgage
Town— Stock
Ist mortgage
Boost. West 8t.& Pav.F'y— Sfk
Ist mortgage
Second Avenue— Stock
3d mortgage
Central Cross
Consol. convertible
Extension
.
900,000 J. 4 J.I
1,000
&J
694,000
100 2,100,000 (J-J.
1,000 1,600,000 J.4D.
10 2,000,000 Q-F.
1,000
800,000 M.4N.
100
200,000 Q-J.
100
400,000 A. 4 0.
1,000
300,000 .1.* J
100
500,000 J &J.
100 1,800,000 Q-J.
1,000 1,'J00,000 .I.4U.
lOO
6f 0,010 F.4 A
1,000
260,000 1.4 J.
100 l,'iOO,000 Q F
5004 c
900,000 J.«D.
100 1,000,000 Q-J.
1,000
203,000 J. 4 J.
100
748,000 .I.4N.
1,000
36,000 1.40.
100
600,000
1,000
200,000 .M.4N.
100
250,000
500
8O0,O00lJ. *.
100 1,199,600 J. 4 J
1,000
150,000 A.i)6(J.
1.000 1,050,000 M.4N
00.lic.
200,000 M.48.
100
750,000 '1I.4N.
1,000
600,000 I.4J.
100 2,000,000 Q-F
. _
1,000 2,000,000 J. & 3
100
600,000 F.*A.
100
•.i
« July,
I
110
65
105
77
160
190
143
105
80
101
60
65
107
35
100
85
63
73
104
65
170
I
110
75
I
'fO 18
J'ly,190lll 98
Ju y, •PO 100
July,
'84
103
Aug.. '80 160
Nov., '8 102
July, '80" 140
AP.r.j"'80 95
I
1
1,000,000
1,000.000
I112
102Ji
108
170
.
60
•250.000
June,
July
'80 119
'93 110
'80 180
'93 110
i-a
115
173
110
173
115
25
30
:fOT.190l 100
105
25
July, '94 100
.Inly, '80
62
Apr '85 loo
May, '88 99
,
Sept.
2«3,2-29
197,196
7,8r
1
15,730
67,097
12,480
243,'281
30
30,208 10
198,563 12
140,812,ij0
211,480 30
168,-21320
36,101 10
174,024l20
103,656118
168,605120
I27Jii
102.51
318,877
120,ti20
11.882
19,869
570,973
11-.J,R3!
400,086
t-5,537
201,388
98,1
'.4
452,3^7
34,660
23,118
l'J6,394
—8,010
170.301
183,014
8),182
143,3-2
91,865
221,374
122,964
.
.Inly. '80.10
437.3I4"M
CltF Secnrltlea.
INT-BRBST.
IfM
York:
,•11'^™Water stock
Croton waterstocE..lS45-51.
..W52-60.
do
do
Croton Aqoed'ct stock. 1865.
pipes and mains...
do
bonds
repervolr
lo
Central Paik bonds. .1858-57.
..IS53-60.
uo
do
1870.
Dock bonds
'.'.'.'.'.
—
-iMj-Ss!
Marke" stock.!
leoa
Imorjvementstock
....18t.9.
uo
do
var.
Consolidated bonds
var.
Street imp. stock
var.
do
do
New Consolidated
Westfbester County
Cousollaatel
Asses meut
Bonds
Ask
Mouths Payable.
due.
Keb.,May Aag.&Nov,
do
do
1S80
100
in;
I.SOO
106
107
1883-1S90
1884-1911
1884-1900
May & November.
Feb., May, ^ag.& Nov. 1907-1911
1888
0o
do
do
do
do
do
1805
1901
1898
1894-1897
1889
1890
1901
1888
1882
1896
1894
1926
1881
do
do
May & November.
May & Novcnber.
7
^7
?«•
do
do
do
do
do
January
do
&
do
do
do
do
do
July,
do
Quarterly.
ft
May & November.
Bid.
1114
1011
106
112
118
108
118
125
120
1%
120
IIH)
lift
1'2«
11.')
11(5
127
115
I'M
lOU
116
I2»
108
105
11H
1-22
1'23
107
102
109
103
107
il.'i
\29
Wi
102
110
1
Ian.. '81 100
May, '80 160
Apr.,
150,228
74,418
11,179
IQnotatlons by Dandii. A. Mobajj, Brolcer, 27 Pine Street.]
150
100
.'
Avenno— Stock
.M.y.
Vib
Ist mortgDge
July,
110
Third Avenue- Stock
Aug.
180
Ist mortgage
July,
104
Twenty-third Street— Stock.
Aug.
115
1st mortgage
1,000
250,0OoIm.4 n.
* This column shows last dividend on slocfcs, but the date of maturity
of
Blith
21
HO
100
uly, 'SO 100
103
Dec.l902 lOS^t 112
Aug., '80 -70
75
l>i90
100
110
A us,,
2,-J14
'
[Quotations by N. T. Bi««8, Jr., Broker,
1
New
St.]
102« 103
I
July, 80
70,602
73,730
144,427
926,950
807,368
121,46'
330,187
23,838
132,682
730,283
43,714
1,386.888
scrip.
» Over all liabilities. Including re-Insarance, capital and
Mtnaisign (— ) indicates impairment.
t-SurpluE Includes scrip.
tQuotatlons by H. L. Obaht. Broker. 145 Broadway.]
*
137.2(;0
200,000
204,000
160.000
200,000
100
15
WlHiamsb'e C
Bid.
*
1,000,000 1,1,59,661
5'J6,418
300,000
72,970
200,000
91,889
200,010
'
Brooklyn Gas Light Co
Citizens' Qas Co (Bklvn)
bonds...
do
Harlem
Jersey City 4 Hoboken...
Manhattan
218,712120
487,508 20
171,737 17«
103,725
2,860
83,872
200,000
200.000
200,000
150,000
Hanover
50
500,000
Hoffman
50
200,000
Home
100
3,000,000
25
Hope
150.000
Howard
50
500,000
Iinporter8'4 T.. 50
200,000
Irving
100
200,000
.lelTerson
+ 80
200,010
Kings Co. (Bkn) 20
150,000
Knickerbocker 40
280,000
Larayette(Bkn) 50
150,000
100
Lamar.. .;
200,000
25
180,000
Lenox
Longlsl.'Bknjt 50
3'M,000
23
300,000
Lorillard
200,000
Manuf.4 Build. 100
250,000
Manhattan
100
200,000
Mech.4Trad'r''' 25
180,000
Mech'ics'CUkn) 50
200,000
Mercantile
50
200,000
Merchants'
50
200,000
MoQtank (Bkti) 50
200,000
Nassau rUklyn) 50
200,000
National
371^
210,000
N.Y. Equitable 35
200,000
New York Fire 100
200,000
N. f. 4 Bostoi. 100
300,0i;o
New York City 100
600,000
Niagara
50
380,000
23
North PJver,
200,000
2.0
Padnc
200 000
100
I'srk
160,000
Peter Cooper... 20
21)0,000
80
People's
50
I 000,000
Phanix
200,000
60
Kellet
300,000
Kepnblic
1 100
200,000
25
l{ar«ers'
200,000
25
8t. Nicholas
200,000
60
Standard
500,000
100
Star
200,000
100
Sterling
200,000
25
Stnyresant
800,000
25
Tradesmen's.. .
•250,000
25
United States.
300,000
Westchester... 10
road Street. 1
imonnt. Period.
Par.
S:0,'J4Bi20
•23
Gnardlan
Hamilton
£1
eas CoHPANixe.
...
Greenwich,
MAN.
IGas Quotations by George H. PrenllBS. Broker. 19
100
Columbia
Commercial
.
II, 1S80,
17
20
70
1
Olty
Clinton
.
I The figures In this oolumn are of date June
and of date June 12, 1880, for the State banks.
21>
Brooklyn
509,510 15
70,693jl0
421.'i-(6 20
400,000
200,000
300,000
200,000
153,000
300,000
210.000
250,000
800,000
200,000
2."!
;!roo»:lK»- Local lui ir'tm't—
Citv bonds
Jftinary
do
do
do
do
UG
do
'do
P..irkbond8
Water loan bonds
&
luly,
do
do
Park bonds
Brldgp
•All Brooklyn bonds
lOiJ'.t
118
1St3-1W1|107
1915-1924 132
I3B
11X)0-1924]128
1904. 1912 129
130
131
118
do
do
do
May & November.
do
lo
January As July.
do
do
Brideeboads...
Waier loan
City oonUB
Kings Co. bonds
IfSO-lSRS
-io
Jo
do
1886-1902 109
1881-18SW 102
1880-18«^ 1116
I88O-IH85I1U
ill9
1924
1907-1910 116
lie
111
IIB
121
119
flat.
105
65
mm
[Quotations by C. ZiBBisKia,
47
Montgomery
St.,
Jersey CIty.l
102
100
1
.
I
118
175
106
1'25
iia
hmds
Jersey Citii—
Walenoan .long..
......
Improvement bonds
Bergen bonds
January 4 July.
January & .luiy.
4 J. and J 4 D.
JacUiiry and Joii'.
J.
1B68-69
1C2
1E95
1880-1B02 no
18«:-»4 '05
.04
1900
103
111
106
105
September
—
—
:
THE CHRONICLE.
18, 1880.]
AND
&
The Investors' Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of tht Stocks and Bonds
of Railroads and other Gompanies. It ti pMiihei on the last
Saturday of every other month— viz., Febrwiry. April, June,
August, October and Dscember, and u furnished without extra
ehargt to all regular subscribers of the Cheonicle. Single copies
are sold at ^2 per copy.
INDEX SINCE AUGUST SUPPLEMENT.
j
black-fat'Cd type
258 Louisville & Niishv
258 Manhattan Elevated
Burlington Cedar liap.
<!:
N..
.
Oanada Southern
228
Burl.
;
.
&
aUc.K.
I.
Chicago
St.
& Pac
Louis
228
216
& N.
Cincinnati
i..
Missouri Iowa & Nebraska
New York City Finances
N. Y. L,aPlt. & West
229,
N. Y. Ontario & Western
N. Y. Wocdbaven &Kook
251)
2!59
& Quincy.228, 239
Nort,hwest
218
Chiciiffo
&
Mariposa Mining Co
Metropolitan Elevated
Mobile & Ohio.
2.5S
Oential ( 'oustmction Co
Central Iowa
Clilo.
Marietta
223
210
248
229
248
2P1
S6T
259
281
24S
282
229
Northern Facitic
230
Ohio & Miss
282
Pennsylvania RU
228
Philadelphia & Reading... 230, 248
St. Louis Iron Mount.<& So
248
St. Louis & Southeastern
248
Bt P. Minneap. & Man
248,281
Savannah & Charleston
2S0
Southern Pacillc
248
Ohio. St. P. .M.& Omaha
281
Cin. fndianap. St. I,. A Cliic... 2S9
Clevc. Mt. Vernon & Del
259
Delaware eft Hud. Canal RR's. 259
Delaware Lack. & West.. 21C, 229
Flint A Pore Marq
Frankfort & Kokonio
ealv. Houst. & Ilend
228
229
259, 281
Grand Trunk of Canada
229
Great Wcst'n of Canada
248 Texas Pacific
248
Qreenville & Colmnbia
259 Trunk Line Freights.
230
Hannibal <t St. Joseph
228, 259 Union Pacific
230
take Shore & iMlclngan So
259 Wab.St.L. &Pac...21G, 229,
Louuiana Western
259
230, 239, 259
Louisville Cin. At Lexington
259 Westcru Union Telegraph
283
.
.
.
ANNUAL REPORTS.
Connocticnt
&
Passnmpsic.
(For the year ending Jane 30, 1880.)
The annual report state.s that, after many years of discouragement 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 of the last year show quite an increase over the
previous year, a« will be seen by the following table
:
RECEII'TS.
Pa:SS6ngcrs
'™g'it
™»"8
1880.
1879.
$228,403
365,747
f 194,270
17,300
9 500
9,275
27,260
g^P'OBS
f«nt'"
Interest
$657,547
113,405
Increase for 1S80
Gross receipts
Operating e-xpenses
294,477
18,125
8,012
10,022
19,190
9344,142
mCOMli ACCOUNT, 1879-80.
$657,547
431,408
Net earnings
for the year
vrhich has been paid
Coupons on 7 per cent bonds
Couponsou 7 per cent notes
Conpoi s on Massawippi
per cent bonds
Dividend ou stock, P'ebruary. 1880
Dividend on stock, August, 1880
$226, 139
From
Interest received
5,481
by the Treasurer
^
From wmcn we nave paid
for
f6,1 00
'.
$21 ,58
105.399
$126,980
118,150
200 freight cars
l4eaving a surplus of earnings
now on hand
TONNAGE AND I>A8SEN0EKS.
The tonnage of the road as compared with
„, .
w
$8,830
last
year was
1880.
Totaltons
1879.
136,115
219,004
13,670,452
Tons carried one mile
8,571,448
Passengers carried during the year as compared with last
year—
„, .
Total,
1880.
1 56,934
6,174,878
1S79.
1 35,494
4,400,575
opening up of
number earned
,
Passengers carried one mile
The President remarks in his report: " The
bnsiness on completion of the Montreal Portland & Boston
Railroad to Longueil, and the completion of the Southea-stern
Kailroad 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 business ; and in addition to the forty cars built at our shops, we
purchased two hundred freight box cars of the Wason Manufacturing Company of Springfield. These cars have all been
delivered, and are in service.
now find that our supply of
cars is not up to the requirements of the road. These two hundred cars cost iJillSjlSO, and have been paid for from the former
i
We
000.
1.
2.
3.
4.
5.
6.
7.
d.
made up
as follows
:
Old debt
$1,500,000
Funding bonds. '69. '70
1,900,000
Other funding bonds, '70
i 2<',» OOO
I*vee bonds
l,9Mtl|oOO
Meniphis iiallroad bond8„.-,..v.l.....v.:.,,..';
..,..'..
1,200,000
Other railroad bonds
..i.ik.,.......i...,r.
L......
4,1.5oloOO
Sinking fund bonds
^,.„t.v.,„..,i...>»..i,.,
412,000
Ten-year bonds, '74
t,^y.,j..^.,
261,000
-
Total
'...
:..'.
$12,677,000
...:..;..........;.....
" 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 CJovernment having before the war invested
certain Indian trust funds in Arkansas bonds.
(4) The levee
bonds were repudiated by the Supreme Court as illegal. (5
and 6) Tlie State Legislature repudiated all the railroad bonds
because ' authorized by alien adventurers.' This left the debt
of the State to consist of the items numbered 2, 3, 7 and 8.
The amendment voted on the other day directed the repudiation of the bonds named as items 2 and 3, and had that amendment been adopted, it would have left the State debt to consist
exclusively of items 7 and 8. The State, before proposing this
amendment, had already repudiated $8,.')00,000 of its debt all
this amendment proposed was to repudiate $3,100,000 more
Boston City Finances.— The Finance Committee of the
Common Council, to whotrfwas 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 Indebtedness
Act. The substance of the report was as follows:
Gro.ss funded debt of the city August 31 1880
$41,670,125
:
;
!
,
uross lundod debt for water purposes
12,7S7,273
Gross f nulled debt for other than water puiiwses
28,882,P51
Funds f(U- its redemption and payment August 31. 18.H0
11,541,479
Funded debt other than water debt, less means on hand for
myingit
17,341,371
Add the balance of improved sewerage loan authorized by
the City Council, but not negotiated
1,038,000
Add also balance which eity has a lightto borrow under the
one per cent clause of the Municipal Indebtedness Act
914.618
$19,293,989
of the city, May 1, 1880, as found by the
assessors, was $639,809,200.
By the Municipal Indebtedness
Act the city has a right to owe for other than water purposes
on net debt not exceeding 3 per cent of its valuation. Three
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
issue for any needed purpose, the net debt would be, as previously stated, $19,293,989. This would show aa excess of
debt of $99,713. The sinking: fund will be increased for the
financial year ending April 30, 1881, as follows
Amount raised present year bv taxation, and payaljlc December 1 1880
$593,655
Estimated amount of interest to be collected on bonds or
sinking funds
571,000
Estimated revenue from various sources
100,000
The valuation
,
51,450— 220,658
Surplus of earnings, as per last year's report
..
Arkansas State Bonds.— The Chicago Tribune gives the toU
lowing statement of the debt of Arkansas
" Arkansas owed in 1874 a principal debt exceeding $12,000,-
:
$98,000
8,610
24,000
38,592
Leaving a balance of
^,
aENERAIi INVESTMENT NEWS."
:
an index to all reports and '.terns licrBtoforo jmlilistied In the Investment Departiinent of the CiireoNior.E since tUc hwt
issue of the Investobs' Sui-waJSiiiNT annual rojiorta are InuexcU in
is
Te!«srapli
Atlantic Miss. & Ohio
in obtaining and completing the Montreal Portland
Boston Railway, which is now operated and controlled by
the Southeastern Railway, and we are now receiving interest
monthly on all the money expended on that road. The present
floating debt is $313,008, to offset which we have good notes,
on which we are receiving interest at six per cent, $319,006 36."
expended
STATE, CITI AND CORPORATION FINANCES.
Am. Union
303
surplus of earnings—$10.1,398— added to this year's snrplns of
$21,581, leaving the surplus of earnings now on hand, !^,830.
•
*
*
Our present floating debt is entirely for amount
%nxttstmtnts
The following
"
1
Total
$1,264,6.55
Deduct before-named amount
99.713
$1.1<>4,941
This balance shows the amount the city could legally borrow
by the close of the present financial year under the three per
cent clause of the act. It can now, as previously stated, issue
bonds under the one per cent clause for $914,618. Both sums
amount to $2,079,559.
It will be thus seen that the City
Council can pass the park order calling for $910,000, and still
have a margin left at the close of the financial year of $1,169,559.
This amount the committee believes will be fully
realized, and may be materially exceeded by the sale of a lar^e
part of the real estate now owned by the city, from which it
draws but little revenue. The committee reported orders
authorizing the City Treasurer to borrow $800,000 for the purchase of 400 acres of land for a public park in West Roxbnry,
and $110,000 for a park at City Point, South Boston, bonds for
the same to be denominated " public park loan," and to bear
such rates of interest as the Committee on Finance may determine. The whole subject was specially assigned for consideration at the meeting of the Council on September 30.
Chicajyo & Western Indiana. The Illinois Supreme Court
reversed the decision of the lower court in the case of Dunbar
and Valentine against this company. 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 eompaty that the
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
—
»
THE (JHRONICLE.
304
I
Vol.
xxxu
entrance to the business mode of granting the license or permission in question by City
Councils, some more definite language would have been used
portion of Chicago.
„
^
,
as than that found in either of these statutes. The Court finds no
—The press despatch from Chicago, September 15, was
and else- vital objection to the ordinance on the ground that the route is
follows: " After a long aad bitter fight in the courts
to- not defined with more certainty.
where, the Chicago & Western Indiana Railroad Company
of the
It is insisted by appellees that permi ssion to construct the
day succeeded in getting its track down across those lUmois road across
the streets at any point to be selected by the raillUinois Central and other railroads at Clark Street. The
loco- road company within a given district is a delegation to the
Central road attempted to stop the workmen by keepmg
present railroad company of powers which can only be exercised by the
motives standing in the way. A posse of policemen was
engine, pullea City Council. With that the Court does not agree. The power
in anticipation of trouble. The police boarded an
in the to provide for the location of railroads is conferred on the
the engineer from his place, and started the locomotive
cross Council, but the duty of exercising it in all cases is not
other direction. In anticipation of a similar attempt to
had an engine imposed upon the Council. The law leaves to the discretion of
its tracks the Lake Shore & Michigan Southern
effort the Council the question as to the cases in which the powers
stationed on one track at the crossing point all day, but no
in shall be exercised.
was made. One by one the Western Indiana has succeeded
now
It is also insisted that the ordinance is void for lack of precrossing the tracks lying across its line into the city, until
only the Lake Shore tracks and a side track of the Chicago vious petition of persons owning property on so much of the
street as was proposed to be used in the construction of this
Eock Island & Pacific remain barring its way."
There was afterward, however, a disturbance, and under tne road. Insomuch as those parts of the streets which are crossed
ties
the
lie between property acquired by the railroad company for
direction of a city officer the tracks were torn up and
The company's counsel have begnn railroad purposes this objection is considered invalid.
piled up and burned.
argument
It is also insisted by appellees that the provision that the perproceedings for contempt against the Majror, and
supposed a mission granted in the ordinance is upon the condition that the
will be heard September 20. in the meantime it is
railroad company shall permit any Qther railroad companies,
compromise will be effected.
-^ince the Chicago & Western Indiana matter has assumed not exceeding two in number, not having at present any road
of or entrance into the city, to use the track authorized to be laid
«o much importance, and the questions of law involved are
general interest, the following extract is given from the jointly with the Chicago & 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 ot
Dickey, and concurred in by Scott, Craig and Sheldon, Walker its charter powers ; and that, therefore, the ordinance is invalid.
dtesenting. The decree of the Superior Court is held to be This position, the Court says, is not tenable. A railroad comclearly 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
This confer upon the company any power whatever, nor deprive the
to select its own route, lay out its line and construct it.
power, by necessary implication,, carries with it the power of city of any power. It is a burden imposed by the ordinance
Bring the terminal points. This power is subject to a limitation upon the railroad company, requiring that it shall furnish adthat the road cannot be constructed upon or across any street ditional railroad facilities to the city of Chicago by consenting
companies as
in any city without the assent of the corporation. This is the to make arrangements with such other railroad
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, fii 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 constraction 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 constraction of the railroad upon or any injury to the public is to result from its passage. Therefore, the decree of the Superior Court must be reversed and the
across streets.
The snggestion that the mere existence of the power pos- bill dismissed.
sessed by the City Council of Chicago to provide for the locaDelaware Lackawanna & Western— Wabash St. Lonis &
tion, the grade and crossings of railroads within the city is a Paciflc— Since the combination between the prominent capitalfurther limitation, is not looked on with favor by the Court. ists of these two corporations to build the new Buffalo line, the
The city possesses the power to act on this subject, and its mere public has only been favored with rumors about the new work,
existence can have no effect unless it is exercised by the city. which it is impossible to verify. It has been reported that the
The City Council has no power to locate a railroad. That Wabash Company had determined to build a line of its own
power is conferred on the railroad company. The power of 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 banking house in New York would have the sale of
road company, the only condition precedent being that the the bonds, and Sidney Dillon have the contract for building
assent of the corporation must be obtained before the road can the road.
,.
m..
lawfully construct its line upon or across a public street. Under
But this report is apparently contradicted by the Chicago
the law prior to 1872 companies could not 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 regarding
demn private property for corporate purposes within aoy city, the Wabash connection with the Delaware Lackawanna & Westuntil 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 directors, and from them he learned that it
IS no prohibition against the location of the line even across or
was their intention to build a new line from Chicago to a conupon streets. The prohibition relates simply to the con- nection with their Eel River Road, which will bnng them to
struction of the road upon and across them.
Butler. It will take but 150 miles of new road to make the
The Court holds that a railroad may proceed to condemn connection. At Butler they will connect with the Detroit Butprivate property within a city before the consent of the corporaler & Pacific Road, now in course of construction, which brings
tion has been obtained to the crossing of the streets. The law,
them to Detroit. From Detroit to Buffalo they say they will
says the Court, does not provide the way in which the railroad
use the Great Western of Canada, with which company they
company shall proceed in acquiring its right of way. Such claim to have perfected an arrangement by which they can run
was the decision in the case of the Metropolitan Street Railway their through business over that road. This is not a traffic
Company. Under the present law, therefore, it is not necessary agreement. The Great Western simply accords the Wabash
as a condition precedent to the location of its line within the
the right to use its track for its through business to the East.
city by a railroad company, or to the construction of its track
Of the new road from Binghamton to Buffalo, it has been rewithin the city on such parts of its line, are not upon any
ported this week that, the engineers having completed the
street, but it has power to condemn any private property
preliminary surveys, Samuel Sloan, President of the company,
within the city without any ordinance being passed^ by the
and Sidney Dillon, who expects to have the contract for buildCouncil giving assent to the construction of the road upon or
entering the new line, together with a few other friends of the
across streets, or providing for the location of the railway. It
and with
prise, went to Binghamton to meet the surveyors,
is not necessary, however, to go farther into that point, inasthem examine the route laid out for the proposed road. The
much as an ordinance has been passed by the Council.
Great Western Railroad of Canada, with which the new line
It is claimed, however, that the ordinance is void, because it
Bridge
will be connected, has the right to use the International
fails to designate the precise line upon which the railroad may
means
across the Niagara River, and that will be at present the
be constructed, and omits to designate the precise point at
for a workof connection between the two roads. The contract
which the road may be constructed across and upon the several
been coming arrangement between the two companies has not
streets to be intersected. The Court finds nothing in this objecattorney
pleted, but its preparation has been left with the
tion. The matter is left to the discretion and judgment of the
reported that
of the Lackawanna Company. It has also been
Council. It is not provided that these powers of the Council
steel
Mr. Sloan made a contract on Saturday for 30,000 tons of
can only be lawfully exercised on a line precisely defined. Conextension.
rails, supposed to be for the new Laf^kawanna
sent may be granted by the Council, if it thinks it wise to do so,
District of Columbia.— A telegram from Washington states
without specifying the precise point at "which the streets shall
Treasury decides that the
be cros.sea. The Court here refers to a number of ordinances that the firet Comptroller of the
which are fundable into
passed by the City Council granting railroads the right of way $1,250,000 Board of Audit certificates,
bear interest at the rate of 3-65
into the city, to show it has not been always customary to strictly 3-'i5 District bonds, shall only
of 6 per cent, as claimed by
specify the line. Railroads have previously been permitted to Eer cent per annum, instead
olders of such certificates.
enter cities without defining the precise track, and simply by
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 a basis of merging the
known to the (xeneral Assembly when the General Railroad Act Metropolitan and New York Elevated Railroad Companies.
of 1872 and the City Incorporation Act of the same year were Nothing whatever is said ot the position of the Manhattan
enacted. Had the General Assembly intended to prohibit that stock. The committee of arbitration were Mr. John A. Stewart,
and the Chicago & Grand Trunk roads
.
'
:
;
:
:
Skptkmber
THE CHRONICLE.
18, 1880. J
President of the United States Trust Company ; Mr. H. F.
Spaulding, President of the Central Trust Company; and Jlr.
R. a. Rolston, President of the Farmers' Loan & Trust Company. Following is the text of the award, signed by all of the
arbitrators
subscribers, to whom as arbitrators lias been autimlttcd by tlin
Elevatuil Railroad Company and the. Metropolitan Elevatud
Railway Company tho tinostlon what arc the comparative ratfs nndiir
all the circumstanofts of the stoikM of the New Yoili Elevated Kailroad
Company and of the Metropolitan Elevated Railroad Company to be
taken as a basis of merginK with tlie Manhattan Railway Company,
under chapter .50:1, Laws of 1870, havinc ho.ard and weighed the Mwtl-
"
Tho
New York
presented by both companies, and having given due consideration
to the matter, decide tlnit Ihe comparative rate at which the stock of
the New York Elevated Railroiul (;.impany shall l)e taken is 110, and
that the comparative rate at which the stock of the Metropolitan Kaliwith the
way Company sh.tU bo taken is 00, as tlie basis of merging
Manhattan Railway Company, under chapter 503 Laws of 1879."
mony
305
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 l,'i00,000 acres of lano.
or the sales of the lands are applied to the purchase of the bonds. The bonds are also further secured by a
sinking fund of 1 per cent, to begin in 1880. The annuafinterest 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, Teia.s, 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 $0,450,000. "The
Messrs. Thomas W. Pierce and Peter
directors are as follows
Butler, of Boston; Andrew Pierce, George F. Stone, J. J. McComb and T. T. Buckley, of New York; and H. B. Andrews, of
The proceeds
:
San Antonio, Texas.
,
not final until it has been sanctioned by the
stockholders of the two comjifinies, but it is considered a victory
The Tribune reports that the
for the New York Elevated.
examination of F. E. Worce.ster, Auditor of the Manhattan
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 Company 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 passenfers at the Chatham Square Junction, the earnings of the New
ork Company would be increased to 10><s per cent a year,
while those of' the Metropolitan Company would be reduced to
4 per cent a year on the basis of the nine months' business. It
was shown also that during July the Metropolitan did not earn
sufllcient to pay its working expenses and interest on its bonds
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
twenty-eight days of August the Metropolitan failed to earn
interest on its bonds, after payment of working expenses, by
$13,897, while the New York Company earned during the same
period a dividend on its stock of 6'36 per cent a year. The net
earnings of the two companies since the opening of the Second
Avenue line to Harlem River (on August 16) to September 7
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 Metropolitan Company fell short of the working expenses and interest
charges by |7,815. Since that time the traffic has increased on
all the lines, but nearly in the same proportion.
Upon this
difference in the earning capacity of the two systems the friends
of the New York Company based their claims for an increased
valuation of its stock.
The position of the Manhattan Companj^ in the plans for a
union of the companies has not yet been hied. In tlie original
discussions of the subject, Mr. Field proposed as an equitable
basis. New York 110, Metropolitan 90 and Manhattan 20. There
was a proposition that preferred stock should be issued for the
two former and common stock for the Manhattan, but there
were said to be serious obstacles in the way of adopting this
course. When the arbiters were appointed they were asked to
fix a basis for the merging of the two companies with the Manhattan Company, under Chapter 503, Laws of 1879. No authority is said to be given by this act for changing the capital
stock of the le.ssee company. Stockholders of tne Metropolitan
and New York Companies will not consent to the exchange of
their guaranteed stocks for the stock of the Manhattan Company.
On Thursday the directors of the New York Elevated Company held a meeting and voted to accept the award made by
the Board of Arbitration and to recommend its adoption by
the stockholders of the company. Josiah M. Fiske was appointed a committee to confer with similar committees from the
Metropolitan and the Manhattan Companies, in regard to the
lest means of carrying into effect the^rovisions of the award.
A meeting of stockholders for the ratification of the award was
The award
called for
is
September
25.
The following is the official statement of the earnings
Manhattan Company fcr the month of August:
Second Avenue....
Third Avennc
Sixth Avenue
Ninth Avenue
Earmtigs.
Expenses.
i)>4,.j,ie3
$31,873
90,o22
81,572
33,252
154,110
118,053
43,316
of the
AVt
Per cent of
Earnings,
expenses.
77-22
$10,290
63,588
58-74
37,081
6875
10,004
76-77
$301,242
60-49
$240,219
$121,023
fixed charges of the Manhattan Company for the month
are reported to be $215,854, and the net earnings fall short of
the amount, therefore, by $94,831.
All lines
The
& Pere Marqnette.—The Boston
Tranteripts&ys: " The
recent decline of this stock from 24 to 18 (it sold privately as
low as 17) was due to the report from the West, at the time of
the sale of the road in accordance with the reorganization
scheme agreed upon a year ago, that the common stock would
not be issued until the preferred stock had received dividends
for five successive years. This was entirely in error, for the
common stock is to be issued immediately in exchange for the
purchasing committee's certificates given some months ago to the
old common stock holders. Dividends can be paid upon this stock
whenever, in the judgment of ^the company, they have been
fairly earned.
But the common stock cannot vote until the
preferred stock haa received 7 per cent dividends for five successive years."
Flint
Galveston Honston & Henderson.— The Chicai^o RaUwtff
Aga reports the following as the stipulation entered into, under
date of August 21, 1880, between N. A. Cowdrey and John J.
Donaldson, Trustees, complainants,
&
the Cialveston Houston
et al., defendants
It is stipulated and agreed by and between tlio complaluauts and the
railroa<l company, defendants In the above cause, as follows, viz
1. That tlie defendants will
surrender and place the mortgaged
premises in the possession and occupation of the complainants.
2. That the complainants will use and operate said lailroad with goo<l
ludgmont, and according to thelbest of their ability, for the I>cue0t of tho
public, the mortgage creditors and the debtor coini>auy. That the complainants will Advance such sum or sums of money, at a rate of interest
not exceeding the current rates prevaiiintj In the dry of Galveston at
the time of making 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 railroiul from other roads, steamers or boats,
and such balances as may now he due to other railroads on tralflo
account, and any other sums necessary to protect, use and aperate the
railroad or property of the defendants. As seeui-ity f-jr tlielr above
advances, the complainants are to have a fit-st lien on income or earnv».
Henderson Railroad Company of 1871.
:
ings of the railroad compai^' after paying operating expenses, including
taxes.
3. The complainants -will at all times aecoant for their doings, receipts
and expenses, while In possession of said mortgaged premises, the raHroad and its earnings. They will accouut to the oHleiTs of the defendant company, or. to the court, at the election of the defendant railroad
company.
4. The complainants will restore the possession of said premises to
defendants whenever and as soon as the arrears of interest, the amount
due on account of the sinldug fund, and auy and all advances or lonns
made by the complainants are fully paid, which payments may be made
at any time by the defendants.
5. It Is agreed that tho complainants may, or either of them, lend the
money above named and receive the agreed rate of interest for money
loaned, us above provided for.
This agreemect, -which was ratified by the directors August
temporarily suspend proceedings in the case now pending against the company in the United States Court. Tho case,
however, will remain on the docket, to be taken up and disposed of as the parties may decide
The directors of the ooinpany have voted to surrender it, and the question is to be submitted to the stockholders for ratification Oct. 1.*
28, will
.
'
Lake and Canal Rates in Angnst.—The Buffalo Commereial
" The month of August is usually rather
Advertiser says
quiet in the lake and canal trades, as it falls between the moving of the new and the old crops. But this year the heavv
movement of the early part of tlie season continued through
August. The following exhibit shows the average freight rate
on wheat and corn from Chicago to Buffalo by lake, and the
average on the same cereals to the East by canal, for the montb
of August in the years named
:
:
La ke
,
Canal
.
.
Wheat.
Corii.
Wheat.
Corn,
Tear.
Cents.
50
Cenli.
9-4
Cents.
1870..
1871..
1872..
1873..
1874..
1875..
1876..
1877..
1878..
Cents.
4-7
5-7
8-8
5-6
2-1
2-2
1-8
3-6
1879
6-2
9-6
6-5
3-1
2-5
2-2
4-0
3-2
4-9
5-6
.
1880..
Little
3
4-5
5-1
11-8
9-2
10-8
120
110
10-6
9
9-6
8-0
7-3
6-3
6-4
4-6
5-9
6-4
8-1
5-8
70
5-2
6-5
5-9
Rock & Fort Smith.—The stock and bonds have
been placed on the Stock Exchange
list with the following
statement. The stock amounts to $4,096,135 in shares of the
par value of $100 each. The company is a reorganization of
the Little Rock & Fort Smith RR. Co. in 1875. The road is
situated in Arkansas, and runs {rom Little Rock to Fort Smith,
a distance of 165 miles. The fiaancial condition of the company on June 1, 1880, was as follows
:
$7,019,763
Road, equipment and laud, cost
$4,096,135
2,647,.W0
Capital stock issued (at par)
Bonds issued
Bond scrip
1,957— 6,745,592
$274,170
Bal.ance against bonds In the assets..
ASSETS.
Cash assets after deducting floating debt
Land notes on baud
Bonds not issued
$37,979
514,612
300,000
$852,592
127,774
$627,000 Arkansas State bonds, cost
$980,366
UABILl-nES.
Notes issued and to be issued for past due coupons
56 2,115
$418,251
Galveston Harrlsbnrg
& San Antonio.—The New York
Stock Exchange Committee has admitted to the list the first
mortgage sinking fund 6 per cent gold bonds of this company
Five months coupons accrued to Jime
on coupon notes June 1
Surplus of assets, June
1,
1880
1, five
months' interest
^^
9j,ooo
$325,251
—
THE CHRONICLE.
306
the mortgage
total amount authorized to bo issued under
on the road,
$3,000,000, the mortgage being a first lien
The
•
18
equipment and land grant. The bonds are payable January 1,
of 7 per cent per
1905. in Boston, with interest at the rate
Huntingdon and Oreo.
*"- trustees are Messrs. C. W.
,
annum. The
,
To meet the bonds when due, the company
Ripley.
$900,000 stock
Sef.OUO acres of land unsold and it also has over
nnissaed.
issued,
Louisville & Nashville.—The following circular was
the 1 ensadated Sept. 4: "On the first day of October next,
Division
Selma
cola Railroad, Pensacola & Selma Railroad and
into
Western Railroad of Alabama will be completeh^ taken
ot this
our system, and the jurisdiction of the general officers
company will be extended over these lines." The Railroad
" The Pensacola Railroad is in operation
Gazette says of this
PoUara,
from the (unction with the Mobile & Montgomery, near
Selma
Ala., to Pensacola, Fla., 45 miles. The Pensacola &
Ala.,
(formeriy the Selma & Gulf) is in operation from Selma,
that place
to Pine Apple, 40 miles, and under construction from
miles. Ihese
to a junction with the Pensacola road, about 60
months
two roads the Louisville & Nashville bought several
as
ago from Mr. D. F. Sallivan, of Pensacola, who owned both
purchaser at foreclosure sales. The Selma Division is the 50
Montgomery
miles of the Western Railroad of Alabama, from
ot
to'Selma, which this company lately leased with privilege
purchase from the Central of Georgia and the Georgia Comwill
panies, joint owners of the Western road. These additions
increase the system directly worked by 135 miles now inoperation and 60 miles soon to be finished."
j
The Louisville & Nashville Railroad Company negotiated
with
$5,000,000 general mortgage 50-year, 6 per cent bond-s,
Messrs. Drexel, Morgan & Co. and Messrs. August Belmont &
This sale of bonds was to enable
Co., repre.senting a syndicate.
—
[Vol. XXXI,
—
Philadelphia & Reading. The Receivers of the Philadelphia
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 oflBcial 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 oi 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
& Reading
interest so purchased:
Actual
:
.
.
rate per
on
Name
,
Company
to
offered.
Memphis City Bondholders.—A press dispatch from Baltimore, Md., September 16, says " The Commission appointed
by the Legislature of Tennessee to confer with the bondholders
of the City of Memphis held a meeting at Barnnm's Hotel this
morning and had a conference with the bondholders resident in
Baltimore. The commission is composed of T. B. Turley, chairman ; J. R. Godwin, H. L. Brinkley and R. B. Snowden, accompanied by Judge John M. Lea and other prominent citizens of
Memphis. After a consultation with the commission in regard
to the ability of Memphis to meet her bonded obligations, the
Baltimore bondholders adopted a resolution to appoint a representative to act in conjunction with a representative appointed
by the New York City bondholders to examine and report upon
the siibject ;*and William J. Walters was designated to act for
The commission left this city this
the Baltimore bondholders.
evening for New York to consult with the Memphis bondholders
:
.
of Trad.
due.
July.
the
which
Amount
wiXt be
West Flowery Field
Lee Lands and Oak Hill
outstand'g.
bonds, purchased.
Brady. Gray aiid Wctlierill
£aele Uill, K.avcu.sdale, Dilcamp and
to fund its floating debt and supply it with the
purchase an additional equipment, which its largely
increased business needs. The bonds were all sold by the abovenamed banking houses within a few days after they were first
the
means
Bate at
annum coupon
$229,000
166,000
552,000
July.
July.
July.
St. Clair
28.5,000
Locust Mouutaiu Summit Imp. Co. ..July.
July.
Mt. Carmcl, Locust Mt. Coal Co
265,000
379,000
179,000
209,000
Glentworth
Sept.
13,000
5
Sept.
Hartman
cfe Meyer
"
401,000
4
July.
-il]
7
Catherine G roll
640.000
4
July.
7
Tamaqua
130,000
4
7
MiueraviUo
July.
26,000
7
4
Diamond
July.
69,000
4
7
CoalHlll
July.
165,000
4
7
Ounkel & Branliam
July.
4
1,295.000
6
Valley Furnace
July.
" As the Receivers are not yet 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 surrender of any rights on the part of the bondholders beyond the
overdue coupon or interest. Bondholders desiring to accept
the above terms will please make application to Samuel Bradford, Treasurer, No. 227 South Fourth Street, Philadelphia,
who will receive the coupons and assignments of the interest,
and pay the rate above named in cash."
Aug.
McNeal
South Carolina Railroad.— The Receiver makes the following statement for the five months ending June 1:
January
February
March
April
May
Five months
Earnings.
Expenses.
$123,160
115,064
94,594
66,235
58,112
$(i3,l45
$457,165
$368,810
88,048
70,797
70,258
76,562
Net or Deficit.
Net. $60,015
Net.
27,016
Net.
23.797
Def.
4,023
Def.
18,450
Net.
$88,355
The gross earnings for the five months show an increase over
the same period in 1879 of $66,233, or 16-9 per cent.
Washington City Virginia Midland & Great Southern.—
of that city."
argument in the Supreme Court of Appeals of Virginia, in
The
New York Lake Erie & Western.—The following is an session at Staunton, in the case of the Virginia Midland Railofficial statement of the operations of the New Y^oik 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 j'ear:
ton, and Wm. H. Blackford, of Lynchburg, appearing for the
MOSTK or .mY.
trustees, and Col. Gordon, of Richmond, Va., and Francis H.
Increase.
1879.
1880.
Gross earnings
Working expenses.
$1,580,973
1.014,658
$307,443
56,975
.$566,317
JUi,r INXLUSIVE.
$250,467
$1,273,532
957,683
Net earnings...
$315,849
OCTOnER TO
1878-79.
Gross earnings
Working
1879-80.
Increase.
..$12,999,TO4
9,385,318
$15,299,817
9,657,940
$2,300,513
272.622
$3,613,986
$5,641,877
$2,027,800
e.^pensea. ..
Net earnings
New York & New
•
—The following statement for
year—from October to July 31
England.
the ten months of the fiscal
is presented by the Auditor, fidgar L. Kinsley.
October,
1879
November,
"
Dcccmljer,
"
January, 1880
February,
Mareli,
April,
May,
June,
July,
Total ton montlis
1
Expenses.
Ketearn'ffs.
$200,500
173,711
178,879
164,231
149,907
183.845
179,688
183,700
219,890
205,056
$140,372
126,235
124,929
124,079
112,904
114,362
120,665
136,782
133,734
$60,128
47,476
53,950
40,152
37,003
69,182
59,023
37,253
83,108
71,321
$1,280,513
$558,899
$1,839,412
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
becoming exciting, and yesterday as high as oneeighth of one per cent per day was offered for proxies. A
short time ago several of the present directors of the companysold large blocks of their holcfings, expecting that the development 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
purpose of maintaining rates. Mr. Gould, who controls the
new company, learning of what had happened, went quietly to
work at once securing proxies to be used by the friends of compromise, and succeeded, it is reported, in gathering a considerable number. Meantime, the stock was well sustained, and the
speculative sellers found it impossible to buy, except at an enormous 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 registered on the books without change, thus retaining the 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 We.stern Union Company, issued
orders to the transfer agents to furnish no information regarding the books or stock to any parson without his signature."
election is
Earninffg.
146,44.6
who oppose the
reorganization. The argument is upon an injunction obtained
bv Mr. Gibert, of New York, who represents about $60,000 of
the stock, to prevent the trustees from disposing ot the effects
of the road, in order that it may be reorganized. The trustees
who desire to sell represent about $900,000 %vorth of stock.—
Baltimore Sun, Sept 13.
Smith, of Alexandria, Va., represent those
These earnings for the ten months are $6,689 gross and
$2,032 net per mile. The expenses were 69 62 per cent of gross
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 Company.
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
not being complied with, it is directed that the sale be advertised for sixtv days, and that the purchaser shall deposit
$10,000 aa a pledge 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
oad will be turned over to the purchasers. The road extends
om Petersburg, in Virginia, to Weldou, N. C.
I
—
;
Sbptembkb
THE
18, 1880.]
^ommtvcml
JTxe
.
(JHllONKJLE.
17, 1880.
The regular trade for the season has continued to make good
progress. The excitement attending the approach of the elec-
receipts since the 1st of September, 1880, 185,030 bales, against
130,007 bales for the same period of 1870, showing an increase
since September 1, 1880. of Ol.liS bales.
The det^ls of th«
receipts for each day of this week (as per telegraph) are as
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 autumnlike, and thus favorable to business ; but the crop reports speak
tion for Pre.sident of the
—
some
sections
and drought
TT O N.
Fbidat. p. M.. September 17, 1880,
Tkb Movkment ov thk Crop, as indicated by onr ielegmut
from the South to-night, is given below. For the week ending this evening (Sept. 17), the total receipts have reached 103,695
bales, against 61,117 bales last week, 42,082 bales the previoas
week and 21,123 bales three weeks since; making the total
COMMERCIAL EPITOME.
of excessive rains in
307
OO
Jinxes.
Feidat Nioht. Sept.
J
:
follows
:
Reeeipts
at—
New Orleans
in others.
Sat.
705
436
.
lion.
r»«.
Wal.
Thurt.
^V».
2.838
1,763
1,009
1,237
1,801
IMtri.
9,373
537
609
301
208
627
2,778
There has been one continued decline during the past week Mobile
Charleston
2,710 3,648 2,264 2,948 4,572 3,261
19,403
in the provision market. The market has lacked speculative Port Koyal,
ic
support from the West, and many lots held for " long" ac- Savannah
7,129 5,796 5,305 4,163 4,242 5,235 31.872
count have been thrown on the market. To-day there was a Brunswick, &o
465
465
2,425 5,458 1,299 2,835 3,260 3,5i3
further decline in pork, and sales were reported on the spot at Galveston
18,820
Indlanola, Ao..
$15 50@$15 75; futures were altogether nominal at |15 25 asked
Tennessee, &o..
294
372
234
490
74
633
2,117
for September October, $15 15@$15 20. and November, $13 93. Florida
44
44
Bacon was quoted entirely nominal at 8%c. for short, and S'GOo. Wilmington ....
659
399
813
287
557
481
3,196
for long clear. Cut meats, beef and beef hams, were very quiet, MoroU'd City Ac
01
01
Norfolk
1,288
1,774 2,830
1,901 2,041 2,204
12,041
and without material changes. Lard showed a material deCity Point, 4c..
2,525
2,525
cline, with prime western sold on the spot at 8*20@8'17/^c.
Totals this week 1.5,646 120,842 |l.5,117
.1,99H 16,191 20,900 102.605
for future delivery September options were sold at 8"10@8'15c,,
For companson, we continue our usual table showing tbia
October 8-15@8-10c., November
8-10@8-12)^c.,
December
week's total receipts and the totals for the corresponding weeks.
8-10@8-07^c., seller year 8-05@8-10c., buyer do. 8-22^c., and
of the four previous years
January 8'12,J6@8'15c.; refined to the continent was quoted
Receipts
this w'k at—
1880.
1879.
8>6c. Butter was steady for the finer grades, but low qualities
1878.
1877.
1876.
werj offered at a concession. Cheese and eggs are steady, and New Orleans...
9,373
10,828
5,058
2,733
12,386
Mobile
in only moderate supply.
2,778
3,212
2,702
1,070
4,630
Charleston
19,403
12,092
15,303
4,523
Rio coflFee has been dull latterly and has fallen to 15')4c. for
11,876
Port Royal, &c..
250
12
68
fair cargoes, the slowness of trade and a number of important
Savannah
31,872
24,034
25,013
8,924
12,404
arrivals having a depressing effect
mild grades have also Oalvoston
18,820
15,337
19,003
2,116
11,460
been quiet and in buyers* favor. Rice has shown no change, Indlanola, 4o....
337
589
48
312
Xennossee,
Ao...
2,582
2,141
671
and has continued to meet with a pretty good demand.
972
860
Florida
44
879
36
38
193
Molasses has still been dull, and to a great extent nominal.
North Carolina..
3,257
3,321
2.088
572
1,879
Eaw sugar has sold to only a moderate extent, as the sale of Norfolk
12,041
4,313
2,278
591
6,430
refiners' product has been slow, and their own importations City Point, &o..
2,525
159
1,572
87
569
have been suflJcient for their wants prices have accordingly
Total this week ...
102,695
76,933
74,355
22,345
62,993
shown a decline, and at the close ^Ys@^%c. are the quotations
Total since Sept. 1.
185,030
120,907
147,594
33,913
126,090
for fair to good refining, and 8@8%c. for centrifugal. Refined
Las been dull at some decline, especially for soft grades; to-day,
The exports for the week ending this evening reach a total of
cru.shed is quoted at 10}^c., powdered 10V@10J^c., and granu- 50,541 bales, of which 38,757 were to Great Britain. 10 438 to
^
France and 1,396 to rest of the Continent, while the stocks as
lated lO^c.
Below are the
Kentucky tobacco has continued in brisk demand at generally made un this evening are now 18^,003 bales.
firm prices, with the lower grades showing some advance. The exports for the week and stocks to-night, and a comparison with
sales for the past week have reached the increased aggregate the corresponding period of last season.
of 2,600 hhds., of which 1,200 hhds. for export and 1,400 hhds.'
Week
EXPORTED TO—
STOCK.
Total
Same
for home consumption.
Prices have advanced to 5@6^c. for •ending
this
Week
Oreal
Contilugs, and leaf has ruled at 7@12^c., the lower figure showing Sept. 17. Britain France, nent.
Week.
1879.
1880.
1879.
an advance. For seed leaf there has been a moderate demand
7,710
16,394
8,634
2,330 34,716 10.766
at about former prices. The sales have been 700 cases Penn- N. Orl'M
4,592
sylvania, 1879, part at 16@22c.; 500 cases New England, 1879, at Mobile..
3,036
4,531
4,531
ll@40e.; 533 cases Ohio, 1879, at 7@llc.; and 900 bales Havana, Charl't'n
21.804 12,921
Savan'h.
at 82c. @$1 10. The report of the Agricultural Bureau says
5,282
5.282
35,681 16,398
"The returns of September indicate a decline in the general Galv't'n....
24,122 19,844
average of this crop for the whole country. The condition is N. York.
14,779
1,801
10.329 47,008 31,317
1,296
17,879
84, a decline of 2 per cent since August and 3 per cent les s than Norfolkl,9ia
8,085
September 1, 1879. All the States bordering on the Atlantic, Other*..
6,455
....
....
6,455
2.307 12,000
5,500
from MaSvsachusetts to North Carolina, show an increase during
Tot. this
the month, but all the States west of the Alleghanies show a
week..
38,757 10,438
1,296
50,511
15,026 188,003 104,775
decline since the same time. Indiana, with a small crop, has
the greatest decline, it being 23 per cent, and Kentucky, with
the largest crop of any State, shows a decline of 10 per cent Sept. 1..
83,609 10,687
2,516
96,812
27,98*1
during the month. Missouri loses
and Tenne.i.see 2 per cent
*The exports this week under the head of "other ports" Include, from Bal*
during the same time. There is a general complaint of drought niore, S.ais bale^ to Liverpool: from Boston, 1.115 bales to Liverpool; firom
Pliiladoliihla, 2,123 bales to Urorpool.
in the Western States."
I'rom the foregoing statement it will be seen that, compared
Naval stores have sympathized with the Southern markets
and are now much higher, not from any legitimate inquiry, but with tlie corresponding week of last season, there is an inereoM
;
,
1
;
;
,
;
:
due
to speculative influences; spirits turpentine closed at
and strained to good strained rosins $1 50@$1 55. Petroleum has also advanced and shows much buoyancy ; refined, in
bbls., was sparingly offered at 10M@10%e.
Crude certificates
have also advanced and close strong at 9()Mc. bid. All metals
are firm though momentarily quiet. Ingot copper rules quiet
at 18Mc. for Lake. Wool has continued quiet, and the advan-
39^@
40c.,
tage
is still
;
l)^d.@33. 3d.; do. to east coast of Ireland,
terdam,
5s.
We
i
Lambert.
(iO
Beaver street
with the buyer.
Ocean freight room has reacted a trifle during the week
rates a few days ago were lower and weak, but to-day an improvement and a fair business can be noted. The engagements
to-day included grain to Liverpool by steam, 5%d.; bacon,
a0@35s., and cheese, 40@45s.; grain from store to London by
«teara, 7d., and regular at 6d.; sack flour to Glasgow bv steam,
22s. 6d.; refined petroleum to Bremen or Antwerp, 3s. '9d.; do.
to the Continent, excluding Dutch ports, 4s.; do. to the Baltic,
5s.; naphtha to Liverpool, 4s. 3d.; grain to Marseilles, 4s, 9d.@
53. l>2d.; do. to Antwerp, 4s. 6d.; do. to Cork for orders,
5s.
the exports this week of 35,515 bales, while the stocks to-night
are 83,233 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-nigUt also glv«
as the following amounts of cotton on shipboard, not cleared, at
the ports named.
add also similar figures for New York,
which are prepared for our special use by Messrs. Care^, Yale
in
l^d.
53.; do, to
Hot.
On
SBPT. 17,
AT—
Oreal
Shipboard, not cleared— or
France.
Other
Foreign
Ooastwiso.
6,417
Nono.
None.
Nono.
2,509
None.
Nono.
Nono.
None.
700
Nono.
Nono.
1,000
3,000
Britain.
New Orleans
Mobile
Cuarleston
Savannah
Galveston
New York
Other porta
0,8(J1
2,600
2,560
7,000
7,885
5,500
3,000
Tota'
35,398
amount arc l.Suo
1
8.926
wo eannot
Stook.
21.438
126
300
Nono.
Nono.
2,000
13.278
2,600
5,050
10,700
11,017
* 7.300
5,000
2.626
6.497
R 1.915
1,500
iMoliidod In this
the destiniition of which
LeanM
Total.
497
1
992
16.VS4
24.981
I3.10S
39.708
15,085
1
t^.OBS
balos a: presses for forelsa Vor*»*
learn.
5
.
THE CHRONICLR
308
of
The following is our usual table showinff the movement
latest mail
eotton at »U the ports from Sept. 1 to Sept. 10, the
d»te:
BZPOBTEO glKCE
SECKIPT8 8IIICB
gKFT.
Post*.
1.
Oreal
Britain.
1879.
1880.
8,606
4,877
15,815
21.113
16,319
53
norlda
28
W. Car.
314
600
Otber..
2,696
0,945
2,493
Thisyr.
82,335
Mobile
Cliar'Q'
Bav-b.
Galv.*
ir.York
Horfk*
Other
France. Foreign
1U9
14.969
58:
1,134
1.237
20
5,301
9,720
1,200
16,368
8,773
2,572
3,802
9.000
1,220
199
S|Eai
:&=•
cc
•=:
s
ai
t.i
go. 1^-3
p-=
.
£?:
f*
S-o
gjg.
^
V
;
,
I
s
1
:
.
>
s
cd
CO
;
It
•I
46,271 154,590
the maturing of the crop (thus increaeing the danger from early
There has been, too,
frosts) and checking the work of picking.
a good deal of speculative manipulation, the important advances
of Wednesday and Thursday being preceded by momentarily
firm at the same figures.
forward delivery for the week are 857,100
free on board.
For immediate delivery the
bales, including
total sales foot up this week 6,089 bales, including 1,983 for
export, C,775 for consumption, 331 for speculation, and
in
transit.
Of the above, 1,051 bales were to arrive. The following are the official quotations and sales for each day of
iSS
uo
'^S
I
UT
I
«.«
I
ex
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O-lw
toub
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OOo
OOQuO
totoO
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00
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6--0
it'OlO
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I
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wo
00,
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00
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Ci
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wo
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tocn
too
I
o
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too
I
I
eoi
I
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s
00
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00
a
M55,0
to
>3
The operators for the rise have been aided maby 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 southem 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
©f ic. for white and i@fo. for stained cottons. Yesterday there
•was a further advance of l-16c., and to-day the market closed
uto
10 ro
o<ia
prices.
total sales for
"?:
gn
<?
a.
past week, and prices show a material advance. The movement
for the advance has been caused by the continued and accumulating reports of bad weather at the South, bringing in its train
rust, rot, shedding, caterpillars and boll worms, besides delaying
The
.1
ml
speculation in futures has been quite active during the
terially
o3-£.=
QQ f^ 9 3
St
o
Point. &o.
The
o
»b;
an
^
5D
12,963 66.424
44
4411
12,478
43,974!
La«t year
• Under the head of CAorMnlon Is Included Port Kojal, ka. under the head of
Hortolk
Is Included Clt>
under
the
head
ot
OalvMlon l>lnoluded Indlanola. 4c.:
lower
«1?i'
=
38,724
3,964
9.207
17,137
15,238
54,916
8,773
44,852
a H
Total.
6,109
5.301
9,700
W ^ 2m
Stock.
XXXI.
3
3
TO—
0,109
5,910
1,993
5,702
11,100
15,402
ir.Orlns
SEPT. 1
[ToL.
:
t—o
ft
the past week:
*>)
UPLANDS.
Sat. niou Tues
Bept. 11 to
Hepl. 17.
Ordin'y.^JBi
Btrict Ord
»">16
9ii«
9116
99i«
99l6
Ck)od Ord
10»16 107,8 107,g
Btr. G'd Ord loiiia 10l3l6 1013,8
I<ow Mlrtd> 113,8
115,8
Btr.L'wMid
119,8 119l6
Middling.
llilja 111316 1113,6
OoodMid
123,6 123,8
Btr. G'd Mid 12i>i8
127,0
Kldd'g Fair 1213,8 121^,6 121*18
Fair
137
Il3»
139
IVed Th. Frl.
9I16
918
99,6
9=8
Good Ord.. 107,8 lOia
Btr. G'd Ord 1013,8^1078
low Midd'g 115,8 1138
Btr.L'wMid 119,8 1159
Ordin'y.^^B)
Btrict Ord.
•Middling.
lliSiell's
Good Mid
il23,8
I2I4
G'd Mid 127,8 1212
Mldd'g Fair 1216 '•"
13
Btr.
139 1«
ralr.
13=8
9i«
9=8
IOI3
1078
1138
11=8
ill's
I2I4
121a
'13
13=8
STAINED.
Good Ordinary
Btrict
Good Ordinary
Low Middling
Middling
NEW ORLEANS.
Sat.
mcon Taes Sat.
Bat.. 8tea<lr
Mon. steady at
Tues. Steady
Wed.
Hi
adv.
Sternly
ThoiB Steady at
WA.. firm
1,8
adv
JTIon.
9I16
91,6
6
91I18 911,
99i6
109,6 10916° 107,6
1016,6 1015,1 1013,8
U'Jie ll''l6 116,8
Ui'i, lll'll 119l6
1115,8 1116,8 1113,8
12^16 126,8 123,8
129,8 129,6 127,6
1216,, 131,6 131,8 121^l,
139,6 1311,, 13H„ 139,8
815,6
99,6
107,6
1013i6
II618
119,6
111*16
123,8
127,8
Wed Tb.
"946
918
91I16 9^
109,8 10=8
1016,8 11
ll'is III3
11 16 11%
9%
1058
11
III9
11%
Ul»i6 12
12
1238
12=8
125,8 1238
129,6 12=8
131
13^
1311^8 13%
8=8
9 14
10
1...;:: 1078
911,8 9%
109,8 10=8
lOiS,, 11
10=8
11
1116,,
11%
11%
12
12
'ffaes
Wed
Th.
Frl.
878
91a
1038
878
9I2
1038
878
91a
1038
815,8
99,8
815,8
99,6
Ilk
llM
13%
107,8 107,8
116,6 116,«
PUTURICS.
Deliveries.
994 69,000
979 149,100
28
233
1,709
100
000
400
600
600
400
l.')9,600
973 164.100
314 195.000
1,120 120,300
•45
Total
1.983 3,775 331
6,089 857,100 2,700
.'**'" ^®,'"!''' given ahove are actuaUy
deUvered the day i-"pre..ri^''®t*'i','''
Tioua
to that on wlucli they are reoorted.
.;
The Sales and Prices op Futcues
are
MMO
shown by the
followbe found the
ing comprehensive table. In this statement will
daily market, the prices of sales for each month
each day and
the closing bids, in addition to the daily and total sales
•
I
*>«
d-jo
uo
*^05
00
T®,to
I
MMfx,
)»
Q
to to
OOM
^to
®."
I
MMOI
®
I
S).«
®
MMto
I
MMo
MMo
tctoO
too
00;
00,
I
1
MO
obo
I
o
I
I
I
I
MO
60
©5
I
s:
i
I
MO
00
00
00
C-1
CDCjb
to 00
CJiM,_,
*id
MCD^
I
^5
MMto
sS
a.?
o;y,
Sos
MP- to
I
I
tctoo
o—
Includes 500 for
Aug
ust, 1881, at 11-30.
Transferable Orders—Saturday, 11-25; Monday, 11-35; Tuesday*
11-36; Wednesday, 11-45; Thursday, 11-50; Friday, 11-75.
Sliort Notices for September—Thursday, lllOSill-42.
The following exchanges have been made during
-11 pd. to exch.
Sales.
MMto
r-ro
cowO
1238
1258
13>«
SALES.
4.5
I
I
men
im
®J
I
out
©.-
MMto
o
tout
to 09
111.2
13%
1318
8ALE8 OF SPOT AND TRANSIT.
ExCon- Spec- Tranr
Total.
port. sump. ut't'n sit.
600
319
704
247
342 1,134
100
873
314
23"
858
9%
126,8 1238
129l6 12=8
131
1318
1311,6 13%
Sat.
..^ji ft.
918
im
lliiis
I
oto
Frl,
918
91,,
tCM
8.M
To en
91,6
91,
9ili« 9''l109,6
1015,6 1016,.
ll'is'
lliiie lU'lR
lll»16 ll"e
126,8 126,6'
129i6 129,8
131,6 131,3
1311:6 1311,6
Fri. UTed Tl>.
918
UARKET AND
SPOT MARKET
CLOSKU.
TEXAS.
100 Dec. for Jan.
|
500 Oct.
the
week
for J.an. even.
The Visible Supply of Cotton, as made up by cable and
The Continental stocks are the figure*
telegraph, is as follows.
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this weeli's returns, and consequently
brought down to Thursday evening; hence, to malie the totals th©
complete figures for to-night (Sept. 17), we add the item of exports
from the Tnited States, including in it the exports of Friday only.
Stock at LiverjHXd
Stock at London
hales
Total Great Britain 8t3ck
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
1880.
1879.
1878.
1877.
558.000
52,900
321.000
63,908
45-2.000
690,000
30,250
610,900
38G.9I18
47.5.000
77.'200
106,860
14S.00O
8.1-20
1.738
14,262
2.400
16.649
1,750
16.000
5.500
29,272
41,500
40.100
3.600
29.000
13.300
23.000
31..500
720,250
211,250
11.250
53,000
12,500
60.250
36,750
Sbptkmber
—
1
.
.
THE (CHRONICLE.
18, 1880.]
1879.
2,181
1880.
1878.
-...
2,570
Btflokat Antwerp
Stock at other oontrotal ports.
081
17,200
3,251
12,000
1877.
11.000
7,2.0
11.500
Total continental ports....
192,071
176,616
269,250
416,750
Total European stocks.. ..
India cotton afloat for Europe.
Amer'n cottoa atloat for Eur'pe
802,971
106,000
Egyi>t,Brazil,&<'.,atltf(>rE'r'pe
17,0no
188,008
22,589
14,000
503.524 i 744.2.50 1,137.000
159.232
175.000
155.0011
44.323
20.000
34.000
23.0<i0
4,619
4.000
104,775
109.351
1C8.00!I
11,093
14.665
8,270
1.500
stock at Rotterdam
103,0(X)
Unitwl States pons ..
U. 8. Interior porta. .
United 8t»tes exports to-day..
atock
lu
fltock lu
7.750
5.2,50
We
than another, at the expense of the interior stocks.
reach,
therefore, a safer conclasion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipta or
Southern consumption; they are simply a statement of the
weekly movement from the plantations, of tljat part of the crop
which finally reaches the market through the outports.
KECEIPTS FROM PLAKTATIOKB.
TTuk
lUceipU atlht Parti. Stock at Interior PorU Rte'ptt from Plant'iw,
1878.
1,253,568
887,586 1.068,766 1.465.285
Total visible supply
tbe totals of American and other descriptions are aa followH
Of the auove,
Amcrtean—
American afloat for Europe
United States stock
Cnlted States interior stocks..
United States exports to-day..
Total American
£<ut Indian, Bi'iuU, de.
Liverpool stock
liOndou stock
Continental stocks
India afloat for Europe
Egypt, Brazil,
ifec,
—
atfoat
Total EaBt India, Ao
Total American
Total visible supply
PrioeMid. Upl., Liverpool
356.000
108.000
103.000
18^.003
22,589
14,000
187,000
iH.OOO
44,323
104.775
11,093
791,597
445,191
326.000
209,000
20,000
109,3,51
14,665
1,500
680,516
405.000
308.000
34.000
108.009
8,276
863.285
202.000
52,900
84,071
108,000
17,000
134.000
65.908
78,616
159.252
4,619
128.000
23,000
60,250
175.000
4,000
285,000
461.971
791,597
442.395
445,191
388,250
680,516
602.000
863,2^5
155.000
23,000
887.586 1,068,763 1,465.285
1 ,253,568
7»i6d.
....
30.2.50
lOs.7.50
6»i8d.
67i8d.
esiei.
The above
figures indicate an increase In the cotton in sight tonight of 365,983 bales as compared with the same date of 1879,
•n inerease oif 184,802 bales as compared with the corresponding
date of 1878, nudu 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.
As we did not have the record of the new interi«r towns for the
four years, we could not malie a comparison in any other way.
American—
Liverpool stock
Continental stocks
bales
Europe
afloat to
United States stock
United States interior stocks..
United States exports to-day. .
Tota American
Host Indian, hrazil, itc.
Liverpool stock
London stock
Continental stocks
India afloat for 'Europe
Ac,
—
1879.
1878.
1877.
187,000
98,000
44,323
104,775
23,896
326.000
209.000
20,000
109,351
26.377
1,500
405,000
308,000
34,000
108,009
15,104
807,102
457,994
692,223
870,113
202,000
62,900
126,000
23.000
60,250
175,000
4,000
285,000
106,000
17,000
134,000
65.908
78.616
159,252
4,619
461,971
807.102
442.395
457,994
338,250
692,223
602.000
870,113
85.07
afloat
Total East India, &e
Total American
Total visible supply
1880.
356.000
108.000
103,000
188.008
38,094
14,000
1880.
1878.
1879.
1880.
17,057
14,070
19.875
23.388
18.033
15,494
30.691
8.643
1.343
13,537
14.410
75.103
71.950
66,108
50.663
1,110
3.1 S4
11,006
13.966
13.049
49,631
3,149
3.050
8346
410
B.esi
6.338
11,477
41.507
86,473
8.390
6,999
4.875
31.133
6.593
36,750
13.930
9.079
47.431
74.358
43,083
61,117
76,9: 13 103,6951 38.377
7,463 39.864
27,762
9,598 21,770
14.563 35.550
33.806 3.S.0tl4
S,M9
s.ftr?
6.287
16
8.783
4.088
8.033
3.80e
lO.MM
8.B71
8,372
3.503
13.148
10.359
8.066
8.945
8,933
4,HS'
8.463
6.689
15.784
4.843
"
"
83
80
Au«t 8
••
18
*i
30
••
37
Sept 8
••
10
"
17
80,064
18,971
15,628
7.301
Itm.
187H.
1880.
803
4.3S4
io,9es
losn
s,<u
3.549
6.400
1,880
839
*.m
18.878
4.718
30.136
56.433
16.317
35.019
1U,M1
86,0M
81.701
8e.'260 115.389
«.aB7
64.887
The above statement shows
1. That the total receipts from the plantations since Sept. 1 in
1880 were 198,181 bales; in 1879 were 137,502 bales; in 1878
were 168,320 bales.
receipts
2. That thA
at
the ont ports the past week
were 102,695 bales, and the actual movement from plantations
115,239 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.
Weather Reports by Tbleoraph. — In
week
general
much
less
and the rainy days were
in the first part of the week.
Since then the weather has improved greatly, though a few correspondents complain of cold
nights. At soijie points, however, and especially throughout
Texas, rains are still excessive, and must work much harm un-
difficulty no longer exists, and we therefore make the following comparison, which includes the stocks at the 19. towns
^ven weekly in our table of interior stocks instead of only the
old 7 towns. We shall continue this double statement for a
time but finally shall simply substitut* the 19 towns for the 7
towns in the preceding table.
Egjrpt, Brazil,
••
1878.
3
9
rain has fallen this
That
American
July
,»
Liverpool stock
Continental Htocks
309
less
in the South,
they stop soon.
Galvesttm, Texas.
—We have had hard showers on five days the
past week, the rainfall reaching
dredths.
two inches and
The thermometer has averaged
77, the
hun-
forty-six
highest being
84 and the lowest 73.
Crop accounts are less favorable. Caterhave entirely denuded the plant of foliage in all the
southern third of the State, and injurious rains have fallen during the week throughout the State, and much damage is feared.
If no more rain falls, the crop will, however, still be as large aa
pillars
be picked; but If it continues to rain, great injury will
Picking has been interfered with by the rain.
Indianola, Texas. There have been showers during the week
on six days, with a rainfall of one inch and fifty hundredths.
Average thermometer 76, highest 88, and lowest 64.
are
having too much rain, and it has interfered with picking. Caterpillars have stripped off all leaves, but if we could have dry
weather would atill make a good crop otherwise the bolls left
•lan
30,2.50
108,730
155,000
23,000
result.
—
We
900,339 1,080,478 1,472,113
These figures indicate an increase in the cotton in sight to-night
»f S'SS.GSl bales as compared with the same date of 1879, an
increase of 188,59,5 bales as compared with the corresponding date
of 1878, and a decrease of 203,040 bales as compared with 1877.
1,269.073
;
will rot.
Cortieana,
—
Texas.
—
It
has rained tremendously on
five
days of
At the Interior Ports the movement that is the receipts
and shipments for the week, and stocks to-night, and for the the past week, the rainfall reaching four inches and forty-nine
corresponding week of 1879 — is set out in detail in the following hundredths, and much damage is feared. Picking has been
statement:
interfered with, and no work can be done till the rains cease.
All streams are out of banks.
The thermometer has averaged
Week ending Sept. 17, '80. Week ending Sept. 19, '79
71,
Receipts.] Shipm* (8
Augusta, Oa..
Columbus, Ga.
7.512
Macon, Ga
2.907
4.116
2,435
1,581
2,7i)0
Monticomery, Ala
Selma, Ala
Memphis, Tenn..
6,327
1,706
1.232
2,677
1,757
Receipts. Shipm'ts
Stock.
3,306
3,396
Stock.
5,980
2.577
3,318
7,114
5,836
4,572
1,525
2,429
6,533
3,603
4
632
29
200
1,017
415
190
19,705
11,093
3,2-'4
2,829
1,815
7,337
1.931
1.612
1.670
Total, old ports.
21,412
14,533
22,589
25,104
Dallas, Texas ...
Jeflerson, Tex...
1,657
1,646
73
38
500
500
Shreveport. La
VIckshurg, .Miss.
400
1,046
501
1,171
1,969
1,935
1,510
1,623
1,693
908
783
387
226
983
443
162
878
399
3,141
1,447
2,680
1,145
3,453
1,154
750
650
700
200
250
100
636
Mo.
1,600
2,336
Cincinnati, O.
652
619
5,673
1,012
9,459
1,556
e.032
2,172
13,412
13,014
15,505
20.828
16,894
12,803
27.547
38,094
45,932
36.599
23,896
.
74
262
42
1,503
1,612
Columbus, Mlos..
Eufaula, Ala.
Griffin,
...
Ga
Atlanta, Ga
Borne, Ga
Charlotte, N. C.
Bt. Louis,
*
Total, new p'rts
Total, all
34.824
1,871
1,972
416
258
1,916
1,677
182
232
60
676
j
which
—There have been showers at this point on three
still
continue.
Accounts from the interior are con-
but too much rain has fallen. The thermometer has
The rainaveraged 70, the highest being 89 and the lowest 50.
fall for the week is one inch and ten hundredths.
Brenham, Texas. It has rained hard on four days the past
flicting,
1,29.)
71
KasbvlIle.Tenn
days,
3,932
720
114
ranging from 51 to 89.
Dallas, Texas.
—
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 the
911
Average
plant of leaves, and dry weather is badly needed.
thermometer 74, highest 85 and lowest 65.
50
Waco, Texas.— It has rained hard on three days during the
250
50 week, doing much damage and interfering with picking.
251 are having too much rain.
Average thermometer 71, highest
5.491 87 and lowest 60.
The rainfall for the week is two inches and
589
277
1,132
We
1,707
three hundredths.
N'ew Orleans, Louisiana. Rain has fallen during the past
week on two days, to a depth of twenty-three hundredths of an
—
inch.
The thermometer has averaged 75.
Shreveport, Louisiana.
The weather during. the week has
show that the old interior stocks have in- been cloudy and rainy, and nads are in a bad condition. The
creased during the week 6,879 bales, and are to-night 11,49(5 bales thermometer has averaged 68, the highest being 84 and the lowmore than at the same period last year. The receipts at the same est 53. The rainfall has reached three inches and thirty-two
towns have beon 3,693 bales less than the same week last year.
hundredths.
Receipts from the Pl-i^ntations. The following table is
Vieksburg, Mississippi. — It has rained during the earlier part
prepared for the purpose of indicating the actual movement each of the past week on four days, and has been clear and pleasant
week from tlie plantations. Receipts at the outports are some- the latter portion. The bottom and top crops in this section wilL
times misleading, as they are made up more largely one year be poor.
I
—
* This year's tlKures estimated.
The above
totals
—
i
.
,.
.
THE CHRONICLE.
310
[Vol. XXXI.
the previous months, we have the following comrain the first three days of the those for
inches but parison between this year and last year:
hundredths
three
and
two
to a depa,of
pleasant. Average thermotb^irtte portion has been clear and
Crops in this section have
1379.
1880.
Slter 67, higbest 70 and lowest 60.
Stales.
late rains.
|)een seriously daranged by
June. .ridy. Aug. Sept. Av'ge. June. July. Aug. iiept. Av'ge.
received.
not
telegr&m
Arkansas.—
lAttU Rock.
on one da^ the
92-7
99-7
98 104
80
83
mshfiUe. fennmee.-lt has rained slightly
N. Car.
92 101
106 100
of an inch,
Oolumbm JfisMAippi.-Vfe had
^.^wS
hundredths
Bast week, the rainfall reaching three
theTn.om^
we have had a frost but not a killing froet^ The
accounts are
Crop
04.
averaging
to
80,
46
from
ranged
«rer has
Td
.
104
98
00
Alabama.
96
96
Miss
IiOuis'aa
97
Texas... 106
Arkans'e 100
Tenu...
99
8.
Car...
OeorKia.
Ij'lorida
.
98
88
96
99
99
99
110
100
107
99
97
92
93
99
93-.5
94
03
95
06
9.'5-.'j
9!)
93
98-.5
9r>
97-0
92-2
91
86
88
8H
97
81
82
86
01
96
92
93
90
103
101
87
87
100
98
84-3
87-0
89-5
94-0
94-5
81
82
85
84
89
87
66
99
107
days
910
89
950
95
96
^%^^pS%nnes»ee.-1t has rained at this point onoftwo
82-3
100-0
79
94
111
an inch.
hundredths
the past week, the rainfall reaching eight
101-2
995
96
9.5
100
104
reis
despondence
99-7
1017
105
94
103
90
Crop acconnts are less favorable and much
damage. Conservaported, the estimates reaching fifty per cent
91-1
97-7
91
85
93
91
96
Av'ge
98 100 102
a decline of twenty per
tive opinions indicate for this district
and irost threatencent from the July report. Weather now fine
all
the
condition
of
that
the
resulting
In this manner we find
thermometer has
Sg which conld^till damage much. The
is better than last year,
and
Alabama,
Tennessee
States,
except
53.
lowest
the
and
averaged 08, the highest being 80
one day and been and the most of them considerably better. If we add to each
Mobile, Alabama.-ll has rained severely
inches and six
showery four days, the rainfall reaching three
the increase in acreage also, it would seem that on the first of
a favorable
'hundredths; but as the week closes there has been
September, according to the Department reports, the yield
Id, with
averaged
has
thermometer
The
-change in the weather.
the crop just
are more promised to be considerably larger than
accounts
Crop
88.
63
to
from
of
an extreme range
rain, worms, rust marketed.
favorable, but much damage has been done by
Memphis Cotton Exchanoe Report.— We publish below, in
week
"^Mmigomerv, Alabama.— The first five days of the past
full,
the report of the Memphis Department, received too late
hundredths
-we had light showers, the rainfall reaching thirty-one
clear and pleasant, for last week's Chronicle.
been
has
week
of
the
balance
The
inch
an
of
Picking has progressed finely since the
•but with cold nights.
Memphis Department.
avernans cease 1. The thermometer has ranged from 57 to 83,
covers a\e Slate of Tennessee, west of tlie Tenncfisec Kivcr. and the following Coimd'es in J/i«sissiy>pt.- Coahoma, Pauoja, Lafayette, Marshall.
^Mma', Alabama.—Vfe had light rains on three days the De Soto, Tunica, Boutou and Tipjiah, and the Slate of Arkansas uorth of
been
has
portion
the Arkan.sas Eivcr. The report is prepared and issued by the Memphis
.darlier part of the past week, but the latter
Cotton Exchaiif,'e, through their (.'ominittee on Information and
•clear and pleasant.
Statistics, composea of H. M. Neely, Chairman, H. C. Hampson, T. B.
the
as
Madison, Florida.— Vfe have had rain on four days, but
Haitmus, H. F. Kose, H. Furstcuheim, W. A. Gage and J. C. Joliusoii.
-week closes there has been a favorable change in the weather.
West Tennessee.— 41 respoiitjeg.
The thermometer has ranged from 70 to 76, averaging 7-3. Much
4 report weather for month of August as having been favor'Wcalhet
damage has been done, and picking has been interfered with by
able, warm with seasonable ram.s; 37 unfavorable, of which 27 report
The storm.
excessive drought, 7 generally dr. with light showers. 3 wet first week to
Macon, Qeorgia.-lt has rained here on one day, but the rest ten days, balauee mouth very dry, 3 mentiou nights haviug been too
averaged
has
The thermometer
cold, 6 genei-ally too cold. Compared with A ugust, 1879— 4 report about
-ol the week has been pleasant.
same, 37 inuch less favorable. Cotton fruiting— H report fruitiug weU,
74, the highest being 85 and the lowest 01.
17 jnoderatf ly well, 18 not well 5 report retainiag fruit, 36 shedding
Columbia, Georgia.— li has rained severely on one day the seriously. Crop cojirftttoii— 21 reiiort good conditiou as to cultivation,
hunninety.two
past week, the rainfall reaching one inch and
16 bad conditiou, 4 report very grassy, 1 reports too rank growth, 21
report serious i-ust and blight; as compared with July the coudition is
-dredths.
i he tliermoraeter has averaged 80.
per cout less favorable; aswith 1879, 21 per cent less favorable.
Savannah, Oeorgia. Kain has fallen on three days, the 26
Picking dales—T\\e, average date of commencement was August 27th, ae
jainfall reaching one inch and thirty-seven hundredths; bat the against Sept. llth last year. Pickiug will be geueral by Sept. 8th.
The thermometer has aver- Worm clepredulions—'S7 report no damage by worms, 4 reimrt some boJ J
rest of the week has been pleasant.
womi.o, damage slight. Damage by shedding, rust, eic.—l reports no
aged 71, the highest being 79 and the lowest 01.
shedding of fruit, 6 report slight, 34 serious sheddiug from elTsotB of
Augusta, Oeorgia. There have been light rains on three days, unfavorable weather aud rust average damage S3 per cent. Mlseelthe rainfall reaching seventy-nine hundredths of an inch; but the laneous, see aggregate.
weather the rest of the week has been favorable. Picking is
North Mississippi.- 43 responses.
progressing finely, and cotton is being .sent to market freely.
Weather— 5 report favorable weather, warm with scasonalile rains, 38
Average thermometer 63, highest 80 and lowest 51.
very uufavorable, of which 13 on account of excessive drought, 4 generIt has been showery two days the
ally dry with slight showers, 2 wet first week, very dry balance of
Cha/rleston, South Carolina.
weatlier.
Compast week, the rainfall reaching eighty-one huudredths of an rao;\th, 19 too much ra n, 3 complain of general cool
pared with Auf/itst, 1S79— 1 reports more favorable. 6 report about same,
inch. The thermometer has averaged 71, with an extreme range 36 much less favorable. Cotton fruiting— li report fruitiuij well. 8 moderof from fil to 83.
ately well, 17 not fruiting well, 6 report reiainiug fruit, 37 shedding
The following statement we have also received by telegraph, seriously. Crop eoiulition— 29 i-cporl cotton crop in good conditiou as t»
10 in bad couditiou, 4 very grassy, 1 1 complaiu of oxceseive
showing the height of the rivers at the points named at 8 o'clock cultivatiou,
growth at expense of fruit, 11 serious rust and blight; compared with
September 10, 1880, and September 18, 1879.
July the condition la 15 per eeut less favorable; with 1879. 12ii per cent
I'iclcing dates— A.\e,ra.go commencement of picking thiB
less" favorable.
ept. 16, '80. Sept. 18. '70
I
—
;
—
—
;
—
.
Kew
Orleans
JlempUs
HasUville
Btirevcpui t
.VlcksbuTic
Below high-water mark
Above low-water mark.
Above low- water mark..
Above low-water mark
Above low-water mark.
.
Feet.
Inch.
11
12
7
6
1
9
6
9
1
9
4
1
Missing.
10
11
4
7
9
.
Feet. Inch.
2
last year, Scipt. 7th. Pickiug will be geueral Sept. 9tb.
Wm'ni depredations— 20 rejiortiio damage by worms, 14 some boll wonnfl,
3 report army worm, average damage one-fourth per cent. Damage 6j^
rust, shedding, etc.— 2 report no damage, 13 slight shedding, 28 eeriouB
loss; average damage 14 per cent. Miscell.aucous, see aggregiite.
year, Aug. 28th
;
—
Arkansas (north of Arkansas
River).
48 responses.
weather favorable, warm with seasonable rains; 34
nnfavorable,''of which 12 very dry, 2 geueraUy di-y with slight showers,
3 wet first week, dry balance month; 17 report too much rain. Compared with 1879—13 report more favorable, 3 about same, 32 nmch less
favorable. Cotton fruiting— 27 report fruiting well, 9 moderately well,
12 not well; 18 report retaining fruit, 30 sheddiug seriously. Crop cotirMessrs. Kaupfman & Euisqe, of Galveston, Texas, inform ns dition—XO report very flue conditiou in all respects. 30 good coudition
as to cultivation, 5 bad coudition, 4 ver.y grassy, 9 growth of plant
-tliat the weight of the first 0,000 bales new Texas crop cotton
too rank at expense of fruit. 18 report serious rust aud blight; as confc.
shipped by them to Europe shows the unusual figure of 547 pared with July, the crop is reported as being 15 per cent less favorable;,
as with 1879, 9 per ceut loss favorable. Picking *(<es— Average date of
ponnds average per bale.
commencement, Aug. 27; last year, Sept. 7th picking will be general
Samuel Blaisdell, Je., & Co. inform ns that the first seven by Sept. lOtli. Worm depredatioHs—4,\. 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 per ccut as to him.) Damage by rust, shedding, etc.— Li) report no shedshedding, 27 serious sheddiug; average damage
Chicopee, Mass., from Charleston, per steamer Atlanta. They ding of fruit, IJ slight
iiy iiist, blight and sheading, 11 per cent.
were raised on Edisto Island; grade fine. The cotton was purAGGKEG.VTE— (132 responses.)
Uew
Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is G-lOths of a foot above
"1871, or 10 feet above low-water mark at that point.
— 14
Weathet
;
chased for their account by T. L. Witsell, Charleston, at 37c.
Aqeicultural Depaetment's Eeport for September.— The
Agricultural Department at Washington has issued its September condition report this week, and is in the following words:
The average condition of the cotton on September 1 is 91,
showing a decline of 11 per cent since the August return, but
an increase over the condition reported- September 1, 1879, of
8 per
cent.
The
State averages and decline during the month are
North Carolina, 100— a loss of 6; South Carolina, 93—a loss
cf 5 ; Georgia, 95— a loss of 3 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, 97—a loss of 13 Arkansas, 95 -a loss
of 11 ; Tennes.see, 90 a loss of 17.
The complaints of too much rain, of rust and boll-worm are
Tery general.
:
;
—
;
Taking the aboye figures for September, and adding them to
—
24 report the weather for month of .4.ugust a« having
1. Weathci
been favorable in most all respects especially in seasonable and not too
abundant rains. 109 report the weather as having been generally very
unfavorable, of which 52 report excessive drought 1 3 generally dry
with light showers 8 wet first week to 10 days, balauce of month,
excessively dry, aud 36 too much rain 3 complain of many cool niglits,
12 that it has generally been too cold.
Compared with August. 1879—14 report more favoTable, 13 abont
2.
same, 105 much less favorable.
3. Cotton fruiling— 51 report forming and blocming well, 34 moderately well, 47 not well 25 report rotaiuing fruit well, 103 report, serioua
shedding of forms aud young fruit. On uplands the top ciop is generally
;
;
;
;
;
repm-ted as aluiost entirely missing.
4. Crop condition— 10 report very fine condition, 80 good condition a«
to cultivation, 11 excessive grass, 31 bad conditiou (williout explana^
per
tiou.) As comp.an d with wmdilion in July, it is represented as 15
cent less fiivorablc as with same time last year, 9 per ceut less favor.
.
;
able.
....
5. Picking dales— The reported average date of commencement is Aug.
27th; commcuccnient last year. September 8th average date at wMon
uloking will be general, September 9th.
"
6. Worm dci?redationi—H)7 iep*rt no material damage by worms, 20
jeport some boll worms; aggregate damage triHiug; 3 In Mississippi
,
;
report
army worm damage
;
ellght.
Sbptbmber
30
from
report no damaRO by rust or
damaxo, 89 very serious dainaxe damaite ri^portod Is
per
cent from rust, bligut and
16
averaging
50 per CBiit,
Hliclit
;
1 tu
Tfoatlicr shedding.
.,,,,,, »,
,
MiiicrtUinmus—ln Tennessee and Mississippi the severe loss occurs
in the bottom
t.ip crop, which Is almost entirely lost
lands everywhere there Is much complaiut of too rank growth of cotton
at expense of fruit.
8.
in the Ausust or
;
—
ftuNNY Bags, B\fioiN(i, Etc. Bagging continuea to be taken
very freely, and the market iH ruling ftrm in tone, with prices
tending upward. The sales aggregate 3,000 rolls, at full figures,
and most holders are now quoting 10)^e. for 1% lbs., n%u. for
2 lbs. and 12>6c. for 2)i lbs., but there are a few sellers who are
Butts have also been taken
fltlU willing to shade these figures.
more freely, though the demand is for present wants. There
have been sales of 500@600 bales at ^''A&IVbo., as to quantity.
Holders are firm as to figures, and are now quoting 2M@2%c.
for paper grades, while spinning qualities are quoted at 2J^@
3He.
COMPA.KATIVK PORT RBCEIPTS AND DAILT CROP MOVEMENT.—
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the game day of the
We have consequently added to our other gtanding
month.
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. The movement each montb
Year Beginning September
Monthly
Sept'mb'r
October.
Movemb'r
Deoemb'r
January
.
February.
Marob
AprU..
. .
..
May
Jane
July
August.
.
Corrct'ns.
1879.
1878.
1877.
,
Shipments
333,643
888,492
942,272
956,464
647,140
447,918
264,913
158,025
110,006
88,455
54,258
67,372
42,714
288,848
689,264
779.237
892,684
616,727
564,824
302,955
166,459
84,299
29,472
13,988
98,491
578,533
822,493
18,081
458
900,119
689,610
472,054
340,525
197,965
96,314
42,142
20,240
34,564
52,595
236,868
675,260
901,392
787,769
500,080
449,636
182,937
100,194
68,939
36,030
17,631
14,462
66,293
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
29 422
33,626
71,985
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
17,064
13,524
9,709
This statement shows that np to Aug. 31 the receipts at the
ports this year were 554.396 bales more than in 1878-79 and
636,0^7 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.
Sept.l.
'
"
"
"
"
"
"
•
4.
5,037
5,669
10,512
6,474
6.
S.
6.
14,754
9,315
8,616
11,096
10,862
15,646
2.
3.
7.
8.
" 9.
"10.
"11..
"12..
"13..
"
14.,
" 15.
•'
16.
" 17.
8.
20,842
15,117
13,999
16,191
20,900
Total
185,030
Percentage of total
p'rt reo'ptsSept. 17.
1879.
1878.
3,490
1,848
1,391
2,264
4,927
2,104
8.
5,708
4,051
4,799
4,224
7,110
4,108
S.
5,454
5,124
4,878
4,858
7,636
7,069
S.
8.
13,115
7,341
6,258
7,982
8,627
10,714
1877.
1876.
408
S.
1,246
616
1,008
754
1,701
1,655
S,
3,085
1,398
3,108
1,664
2,524
2,459
15,623
12,215
12,995
15,127
10,125
5,063
91,881
109,595
26,689
01-83
8.
02-46
S.
0061
1,913
1,691
S.
4,630
2,996
3,414
3,111
3,932
4,703
S.
8,923
4,788
7,752
6,085
7,899
7,538
S.
69,435
01-72
187.^.
1880
1879
1878
1877
Tear Great Conti-
BrWn. nent
Total.
Shipments since Jan.
Great
Britain
1880
1,000 1,000 '3.55 .000
1879
6.000 6,00012 lit.OOO
1878
2,000 2,000 sos.ooo
1877 i.ooo
l,000!37(i.000
Continent.
483.000
311,000
392.000
108.000
1.
Total.
i',606
5,6'(>6
3,606
2,000
3,000
Great
Britain.
Continent.
—
199.000
197,000
114,000
79,000
80,000
103,000
58,000
50,000
1.
—i
Total.
279,000
300,000
17:!,000
129.000
week show that the movement from
other than Bombay is 5,000 bales le»> than same week
The above
the ports
totals for this
For the whole of India, therefore, the total
last year.
shipments this week and since January 1, 1830, and for the
corresponding weeks and periods of the two previous years, are
of
as follows.
EXPORTS TO EDROPE FROM ALL INDIA.
1880.
Shipments
Europe
TMh
to alt
from—
week.
1878.
Since
Jan. 1.
This
week.
SiTiee
Jan.
I.
838,000
279,000
6,000
5,000
590.000
300,000
2.000
2,000
700,000
172,000
1,000 1,117,000
11.000
890,000
i.O'M)
872,000
1,000
Total
1879.
This
meek.
Since
Jan. I.
statement affords a very interesting comparison of the
total movement for the week ending Sept. 1(5, and for the three
years up to date, at all India ports.
This
last
Alexandria Receipts and Shipments.- Through arrangements we have made with Messrs. Davies, Benachi & Co., o{
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 corresponding weeks of the previous two years.
Alexandria, Egypt,
1880.
Sept. 16.
Receipts (cantars*)—
This week....
Since Sept. 1
No
1878.
1879.
5,500
6,500
report.
This
Since
week. Sept. 1.
Erports (bales)—
To Liverpool
To Continent
Total Europe
6.000
8,000
This
Since
week. Sept, 1,
250
604
1,400
1,650
3.54
1,400
1,6.50
This
.Since
week. Sep*. 1.
"266
SOO
200
200
700
A oantar Is 98 lbs.
Manchester MARKET.-^Our
'
report received from Manchester
to-day states that the market is quiet; prices are strong and
give the prices of to-day below,
firmly held, but unchanged.
and leave previous weeks' prices for comparison.
We
1879.
1880.
8^4
32« Cop.
Cotrn
Mid. 32s Oop.
lbs.
Shii-tings.
Twist.
Cott'n
8I4 lbs.
Shirtings.
Twist.
XJpids
Milt.
Vplds
8.
3,761
3,228
3,116
3,621
3,928
3,137
S.
7,119
6,512
5,417
5,404
6,209
57,040
01-36
India Cotton Movement from all Pouts.— The figures
which are now colleffted 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
eomplete India movement for each week. We first give the
Bombay statement for the week and vear, bringing the figures
down to September 16.
B(>.H1>\T RECEIPTS XXD SHtPMBJITS FOR FOUR TEARS.
thts week.
4,006
2,000
1,064
1,33C
1,731
1,407
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 mouth in 1879 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.
Shipments
Continent.
Britain.
1874.
Total y«»r 5,001,672 4,447,276 4,345,645 4,038,141 4,191,142 3,497,169
Paro'tage of tot. port
98-79
98-30
93-23
receipts Aug. 31 ..
9999
99 72
01-21
01-64
01-72
00-01
00-28
Corrections
100-00
Total port receipts.. 10000
10000
10000
10000
1880.
Great
AU other p'rta.
1.
Shipments since January
this week.
-
Tear.
Bombay
1875.
1876.
311
According to the foregoing, Bombay appears to show % cUcretug
compared with last year in the week's receipts of 3,000 bales, and
a decrease in shipments of 5,000 bales, and the ghipmeDts
since January I show an increase of 348,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c. for the same
week and years has been as follows.
CAIXII7TTA, MADRAS, TOTIOORIN, OARWAB, BANOOOlf AND KnERACnSI.
since Sept. 1 has been aa follows:
Receipts.
g
THE CHRONICLE.
18, 1880.1
Damage by theMing and rw»(-13
7.
bllitlit,
«
.
...
Receipts.
d.
July 16
•^ 23
" 30
Aug. 6
•'
13
"
"
Sept.
•'
'•
d.
9'4®10
9-%alOH
s.
6
6
9388IOI4 6
9iiai0>e 6
d.
This
Week.
838,000
590,000
700,000
784.000
2,000 1,079,000
5.000 735,000
2.000
853,000
1.000
095.000
d.
6''8
d.
d.
d.
s.
8'8a9'4 5
6
d.
a.
9
9
9
9
9
9
9
7'is
73,
7
7'is
73, n
s\-a)i>^ 6
S''8a9>3 6
8''8®9l3 6
S-'a9QH 6
878®9'3 6
A.
»7 6
41237
lia®7
613,,, 8?i®9J4 6
613, „ 8%»9i4 6 li«®7
613„ 8%a9i4 6 li3»7
6:3i6 8ia'a9i8 5
9
7i«-a)7
7i2»7
7i2®7
20 g^a 9''8 6 7ia®7
27 9>4aio 6 9 ®7
3I 919® 9^8 6 9 ®7
10: 9ie® 0~n 6 9 ®7
17' 9^621 9^8 6 9 -817
gifl® o'fs 6
4>s
4's
41a
4I3
l-^9-I
41s
®7 6
®7 6
3 ®7 6
3 ®7 6
3
3
613,g
6»,i
64
66,
638
69..
61*18
.613,.
613,4
^<
New
York this week snow aa
The E.^O'orts of Cotton from
increase, as compared with last week, the total reaching 17,879
we give our usual
last
week.
Below
bales, against 13,470 bales
York, and their
table showing the exports of cotton from
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1880, and in the last column the total
for the same period of the previous year.
New
Exports of Cotton (bales) from
New York
since Sept.
1.
Exported to—
Aug.
Scpi.
Sept.
25.
1S80.
Same
Week endingSept.
15.
Total
since
Sept.
1.
period
preri'm
year.
3,432 10,768,12,071 14,779
29,748
13,709
Total to Great Britain 3,432 10,768 12,071 14,779
Liverpool
Other British ports.
Havre
29,748
18,709
199
1,804
2,003
1,357
968
199
1,804
2,003
1,357
50
675
406
119
692
540
74
1,357
1,200
1,296
2,496
5.421 ll.986ll3.470 17.879
31,247
625
968
625
1,309
Other French porta
Total French'.
,
Bremen and Hanover
Hamburg
Other ports
Total to North. Europe
Total.
d.
s.
7>3®7 7'a
7>3a7 9
1,309
50
916
193
Since
Jan.
1.
Spain, Op'rto, Glbralt'r,&c
Ail other
Total Spain, &o
Grand Total
200
55
55
200
20,0Sa
:
:
THE CHRONKJLE.
312
Following arb the keckipts of Cotton
at
New
1,
—
1,380
2,443
5,3 IG
H. Orl'anB
Texas
Baranuab
583
583
6,924
B.Car'lina
4,807
NCar'lina
694
1,845
6,823
7,6-25
65
140
53
443
Virginia
North. pt«
Tenn., Ac.
Foreign
328
319
372
619
503
1,615
1,655
2,777
Laatyear. 23,6441 35,627| 2,423
3,222
36,570
Market.
6 p.m.
263
372
846
955
1,843
718
easier.
5
8.000
2,000
10,000
2,000
7.000
1,000
Steady.
offerings
Wkforn'r
mo8.; firm
for late.
Steady,
Firm.
1,764
2,2S0
sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,;
unless otherwise stated.
4,905
5,421
Sept
free.
The actual
Saturdat.
493
1,067
—
—
—
-O
Cas-
•
American, 1,047
2,221
Pembroke,
Liverpool, per steamers Istiian, 404
182.... Marathon, 165.... Bulgarian. 830
IlhnSicily,
500
steamers
per
Liverpool,
Philadelphia—To
5,989
1,581
1'203
018,703
44,973
Total
particulars of these shipments, arranged in our usual
form, are as follows:
Ham- Bolter- CoBreLiverTotal.
dam. runna.
burg.
pool.
Havre, men.
17,879
540
74
682
1,804
14,779
York
New
3.300
Hew Orleans... 3,300
5.301
5,301
Charleston
9,720
20
9,700
Savannah
5.989
Baltimore
5,989
1,581
Boston
1,581
1,203
Philadelphia... 1,203
Jan.-Feb
Feb.-Mar
d.
613,2:
67,8
6I032
Mar.-Apr
Apr.-May
6^
Monday.
Delivery.
6I3
7%
Oct.-Nov
61133
6I632
6IS32
Sept.-Oct
6ii]».
6l'3a^
Mar.-Apr
Apr.-May
6»ie
61932
7333
Nov.-Dec
Mar.-Apr
Apr.-May
Sept.-Oct... 6'iie»-332
6I9
Oct.-Nov
Nov.-Dec
G'lg
Feb.-Mar
OHi
Mar.-Apr
Apr.-May
Delivery.
Sept
Oct.-Nov
Nov.-Dec
Jan.-Feb
7332* ^®'32
Sept
6'3®"32
Sept
S^ie
6718
6»i8
7I18
e'ls
Sept
Dec.-Jan
TtlESDAT.
May-June
7>8S'32
Sept.-Oct
Nov.-Dec
6!Sia'-i?.32
Oct.-Nov
69i6®'''32 Sept.-Oct
HIq
Oct.-Nov
Nov.-Dec
Dec.-Jan
6^ Jan.-Feb
6I3
Sept
Jan.-Feb
Mar.-Apr... .6i932®9i8 Nov.-Dec
Bept.-Oct
Jan.-Feb
6S9
7I32I
Sept.-Oct
62I32.
6103a
7iie
6ii6
Oct.-Nov
Nov.-Dec
Mar.-Apr
Apr.-May
6IS32
61332
6173a
69i8
May-June
Delivery.
Delivery.
7i32®7
Oct.-NoV
Nov.-Deo
Sept
Wednesday.
Delivery.
Sept.-Oct
^"'^IM
62I32
6'532
HII16
6I2
6=8
Apr.-May
Sept
Delivery.
Delivery.
Delivery.
7I32
62I32
61^32
638
7I16
6II18
Sept
62I32
61532®1lfl
6'^32
6S8
638
Sept.-Oct
Oct.-Nov
Dec.-Jan
Sept
Sept.-Oct
Oct.-Nov
Nov.-Dec
Dec.-Jan
Mar.-Apr
Apr.-May
6>a
67ig
67,8
6>a®i*3a
6iiia
Thursday.
|
7332
I
.62332
I
O0t.-Nov
6"732®Sl8
12
I
^1632
6ia
Dec.-Jan
DeHtrerw.
Sept
Delivery.
Delivery.
Delivery.
Sept
Bept.-Oct
Nov.-Dec. .61^322
The
Delivery,
d.
63s
6^8
6I330
e'lg
Feb.-Mar
Mar.-Apr
6%
Delivery.
5,oUl
9,iOO
Dec.-Jan
Jan.-Feb
6i332a7ig
Sept
Upland
Delivery.
d.
7I18
62132
Oct -Nov
Nov.-Dec
,
pii.n,
;re\T
500
79
Hbw
Boston—To
Quiet.
7,000
1,219
1,886.. ..Celtic,
14.'79
Bothnia, 1,831 . . ..Hecla, 2.534. . . .City of Brussels, 1, 821.
To Havre, per steamers Canada, G02.... Labrador, 1,202 .... 1,804
b»z
To Bremen, per steamers Hab»l)urg, 262. . . .Oder, 420
OJ"
To HamlniriK, per steamer Cimbria, 540
'*
To Rotterdam, i>er Heamer W. A. Seholten, 74........
d,dUO
3,300.....
Historian,
steamer
per
Liverpool,
Orle.vss—To
Charleston—To Liverpool, per steamer Mark Lane, 5,301 Up-
....Euxine, 4.;W0 Uiiland
10,000
1,000
79
Total bales.
To Corunna. per bark Elvira Canimo, 20 Upland
Baltimore— To Livenwol, per steamers Prussian, 2,721
12,000
2,000
1,219
. .
Gladiolus, 5,400
'*!»
Futures.
per steamers Ptolemy. 727. -Egypt,
Saw YORK—To Liverpool,
Ganos, 2 486
919....Wyoming, 2,575
jl^Q(|
Zi«
7'4
7>4
73l8
7*16
}
Market,
5 P.M.
News.—The
BAVANNAH—To' Llverpijoi.'per steamers
Easier,
and
Steady.
7^
Sept.-Oct
528
Friday.
Good
demand
freely met
1,843
exports of cotton from the Unitea
have reached
States the past week, as per latest maU returng,
concerned these
44 973 bales. So far as the Southern ports are
published in
are the same exports reported by telegraph, and
With regard to New Yors, we
the Chronicle last Friday.
Wednesday
Include the manifests of all vessels cleared up to
night of this week.
8HIPPIN0
Firm.
Delivery.
2,306
TlilByear. 22,056
Baltimore.
Sales
Spccifcexp.
"itf
.
Mid. Upl'ds
Mid.Orrn8.
Since
Thit
Sinee
This
week. Sept. I. week. Sept. 1.
Since
Thit
week. Sept. 1
3.843
7,426
8,255
Mobile...
Florida
.
Philadelphia.
So«(on.
York.
Wednes. Thnrsd'y.
Dull
Tending
upward.
J
Since
Thii
week. Sept. 1.
from—
I
1*2:30 P.M.
Seetiptt
XXXI.
Spot.
Market,
1880.
A'eie
Tuesday.
.'Saturday ilonday.
York,
The
the past week, and smcj
Boston, Philadelphia and Baltimore for
September
[Vol.
1
Dec.-Jan
Jan.-Feb
Feb.-Mar
Mar.-Apr
Apr.-May
Friday.
I
6il,„
Sept.-Oct
Oct.-N»v
61732® "a
I
Nov.-Deo
Jan.-Feb
6i532»''i«
I
611*32
|
June-July
6213^
Sept.-Oct
6%
Feb.-Mar
Mar.-Apr
Sept
Sept. -Oct
6I3
Nov.-Dec
61732 Mar.-Apr
69, s
April-May
6i»3a
e^s
62331
6i«32
Sept.-Oct
6»3
69i6®i732
Oct.-Nov
61732-
Nov.-Dec
6I632
7iie»33„
a%®».'!2
Sept.-Oct
6%
Mar.-Apr
6*16
Delivei'v.
Delivery.
I
7ii6®'32
61632® I3
31632
6is»'632
63332
BRE ADSTUPFS.
Friday, P. M., Sept. 17, 1880.
20
There has been an improving market for flour daring the
week, but most decided for the extremes of grades— No>
past
vessels
disasters
to
date
of
Below we give all news received to
carrying cotton from U nited States ports, etc.
2 superfine and common extras, as well as the choice patent*
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
The production
sailed for New York, where she arrived, and on Sept. 14 was on and prices of these have not changed much.
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 hav*
been in demand at fall prices. To-day there was a fair busiSatur.
Uverpool, steam d. 618*38
Do
sail
Bremen, steam,
Do
sail
c.
.e.
Baltic,
Do
Vednes. Thurs.
»16»%
6l8®38
Fn.
6i8®3g
H
»9
H
H
»8
»8
H
H
»8
»8
=8
H
»8
»8
"h
"l»
"18
ihs
"16
"16
38
38
3b
38
3b
»8
e.
H
Ball...<f.
Amst'd'm.Bteam.e.
Do
Tues.
Hi'WH
e.
Hamburg, steam.d.
Do
Mon.
6l8®3e
44,973
sail... (2.
Havre, steam
Do
540
682
1,804
41,853
Total
8ail.,.d.
steam
sail
d
c.
38
....
—
,
Aug. 27.
Actual export
Forwarde^l
Tetal stock- Est imated
Of which American— Estim'd
Total import of the week
Of which American. ...
Amount afloat
Of which American.
..
66,000
46,000
4,200
7,000
4,700
3,600
624,000
421,000
30,500
24,500
129,000
29,000
Sept. 3.
46,300
31, .500
-
5,300
1,460
5,fi00
3,.300
617,000
399,000
40,500
12.500
115,000
38.000
Sept. 10.
Sept. 17.
48.000
37,500
3,600
57,000
40,500
1,270
4,200
4,800
597,000
379,000
32,500
17,000
119.000
53,000
3,100
6.900
3,800
558.000
356.000
19,300
5,.i00
17,.500
133,000
78,000
The tone of the Liverpool market for spots and futures each day of the
week ending Sept, 17, aud the daily closing prices of spot ooltou, have
tnea as follows:
The wheat market was bat moderately
active,
and without
material change, till Wednesday, when there was a sharp and
general advance, most decided, however, on the spot and for
early delivery. There were very large sales of No. 2 spring at
|1 05@$1 06M in store and afloat ; also No. 2 red winter $1 08 ?6
for October and $1 09^@$1 09% for November, and
No. 1 white $1 07@|1 07)6 for October. There was a very urgent export demand, and the reduced movement of the crop at
To-day there was a deall points gave sellers the advantage.
No. 2 red
cline of ?6@lc., with a fair business at the decline
sold at $1 07 ^^ for September. $1 07% for October and $1 07 Jg
for November and No. 1 white for September at $1 07^ and
@$1 08M
;
Liverpool. By cable from Liverpool, we have the following
tatement of the week's sales, stocks, &c. at that port
Bales of the week
bales.
Bales American
Of which exporters took ...
Of which speculators took.
ness in flour at firm prices.
;
for October at $1 07.
Indian com has been active. Prices have varied somewhat,
and yet fluctuations have not been wide. The tendency, however, has been towards better prices. The report of the Agricultural Bureau says of crop daring August:
The average condition of the com crop for the whole country
is 91, a decline of 7 per cent since the returns of August 1 and
4 per cent lower than September 1, 1879. The New England
and South Atlantic States fall short of the average about 2)6
per cent. The Middle, Gulf and Pacific States are above the
average. The great corn regions of the Mississippi on both
slopes show a marked deficiency. The northern portion of the
Atlantic slope reports damage from drought to the southward
there was sufficient rain. The State of Texas reports a very
Jiigh condition, viz., 121. North of the Ohio River the States o|
;
:
:.
September
Indiana and
:
THE CHKONICLE.
18, 1880.]
Illinois
^
'
report great injury fromdroughtjMissour,
Kansas and Nebraska report the same.
To-day the market was fairly active at some decline No. 2
mixed sold for October at 52c. and for Norember at SS^SSMc.
Rye has materially advanjed, selling at 96®96^c. on the
spot and for September arrival. To-day there were sales at
97c. for September.
Do. afloat
BufTiilo
ChlcaiTO
Milwaukee
Duliith
Toledo
following are closing quotations:
Flour.
3 45
4 00
do XX and XXX...
Wlutershipp'K extras.
do XX and XXX.
Patent*
TVestern *Tye mix'*. ..
City shippluK extras.
Southern, bakers' and
family brands
440<»000
fiouth'u ship'g extras.
Rye flour, superllue..
4 Oft® 5 00
4 509 5 00
.
n ....
No. 3 spring, !(( bu.$
~ spring
"
1 05 ®1 07
No. 2
Kcd winter
97 a I OS's
Red winter, No. 2 1 07>4»1 07»a
.
|
3 75
4 25
'
100 ®108>4
White
4 10<t 4 40
4 50« U 25 Corn— We.st. mixed
Wcst'uNo.2
6 00® 8 25
West. yellow
4 50® 5 00
4 10» 3 40i West, white
.
Com meal-
50%»
Si's*
52 a
60a 3 10
Western, &o
2
Brandy wine, Ac
3 20a> 3 25
White
Barley— Canada W.
I
State,
State,
I
I
4-rowed
2-rowed
-a
a
»
81
Peas—Can'da.b.if.
I
51»a
51
57
55
90 a 97
47'a» 48'a
47 « 49
85 ai 93
1
I
»
50
Rye
25» 6 30 Oats— Mixed
5
Oswego
Louis
Boston
Toronto
Hnntrnal
8t.
60,632
913,709
10.700
288,700
164,481
1,570,015
308,628
1,880,000
1,455,000
(1st)
Pliiiadelphla
Peoria
IndianapolU
On rail
On lake (est.)
On cauul (est.)
Rye.
bush.
Barley,
bush.
19,471
Oalt,
bush.
49.9.10
49,923
134,000
63,500
11.200
51,201
18,524
97.000
29,000
235,000
3,000
39,390
548,950
146,059
85,800
51,761
316,428
329,803
ifl.ooi
Baltimore
Wheat—
|
Detroit
Kansas City
Grain.
I
Ilbbl. $2 70a
Ko. 2
3 70«
Winter eiipei-flue
3 35*
SpriDg suporflue
.Surluit wheat extras.. 3 80a>
(eat.).
Albany
Barley has remained nominal most of the time at aboat 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 vfith sales of futures at 42M@43c. for September, i"
38Mc. for October and 38%c. for November.
The
Wheal,
Com,
bush.
btish.
2,309,578 2,176,974
540,000 1,900.000
8,200
60,000
244,566 1,913,017
1,205,988 3,559,551
149,758
41.005
75,000
25,000
1,218,080
396,003
348,271
2,782
36,000
75,000
1,344,106
060,296
—
In store at
New York
;
313
399
475
78.341
2,780
82,592
101,991
si ,448
1,781
e.706
2,634
10,094
35,699
136.802
3.100
62,767
5,572
2,394
7,451
5,700
23,493
112,362
2,i33
e3,4(»
1,600
1,175
S90
1,958
29,'20O
.
21,486
6,2di
918
75i',274
37',7b'l'
73'.739
68,000
47,000
11,000
06,000
76,000
2,974,000
3,200,000
TotalSopt.il, '80 14,147,013 18,700,809 1.913,861 334,215
651,672
The following statement, prepared by the Bureau of Statistics, will show the exports of domestic breadstutfs
from the
undermentioned customs districts, during the month of August,
eight
months
ended the same, as compared
1880, and for the
with the corresponding months of the previous year;
—
^
003=
--0--"*=°
:3
s
=r
i's
^ =•;
EEe-E III?'""'"'
UN
93
BgBS
I
UFrom the " JVeio York Prodttee Exchange Weekly.")
Receipts of flour and grain at Western lake and rirer ports
11, 1880
m
oo
•
o
2.
•
OB
tot the week ending Sept.
Flour,
bbU.
(196 lbs.)
AtMilwaukee
Toledo
295
7,160
2,550
41,311
1,950
2,200
Detroit
Cleveland
Bt. Louis
Peoria
Duluth
Corn,
frusA.
bush.
(56 lbs.)
lbs.)
Barley,
bush.
Oats,
bush.
(32 lbs.)
Rye,
bush.
an lbs.)
(56J6»)
50,710 26,2C2
'
132,770 14,300
4,026
2,216
2,067
396.484
38,350
36,142
12,422
18.400
129,882 34,304
281,400
9,000
345.782 1,787,237
92.030
39,040
642,349 150,077
5,246
338,285
42,500
91,500
72,285
319.607
14,325 210.473
45,150
94,871
36,109
33,935
Chioago
Wheat,
(60
.
Comparative shipments of flour and grain from the same
f>ort8 from Jan. 1 to Sept. 11, inclusive, for four years:
bbls.
1880.
3,110,418
1879.
4.840,552
1878.
4,064,199
1877.
3,040,090
bosb.
47,6.^2,746
95,720,217
19,351,826
1.873,095
1,815,750
52,449.094
62,548,936
16,219,986
2,352,331
2,884,511
45,771,505
61,648,437
13,487,608
1,920,996
2,570,157
19,692.841
52,858,618
11,514,563
2,507.438
1,726,676
Total grain.... 166.445,634
136,454,878
122,398.723
88,300,136
Plour
Wheat.
.
Oala
Bikrley.
Bre....
Rail shipments from Western lake and river ports for the
weeks
i
e b:
won,
>>'
ds:
;
;
i
:
i
:
<
.
oox*
00 Qo;
13.491
39,000
913,080 229,000 99,146
617,995 420,477 196,805
.... 125.510 1,938,749 2,351.010
Total
.flame time '79. 114,543 3,733,253 1,889,189
11^^
>>'•
<S9:
OCDtdrC
Cj »0
u^aoo
rf*
M ® <X O X ^0
W«M«
t" *- to
—^O
MM
V.w"
b*F-'!io"A
outs ^K,h-MQ0tO
^»
togs
o»It^b^c;tec
M
01 CO
V^i bi u* w
rf-C/3KI OO0C0SH- —
1
OM4-M
MO*
ecu
^ COCO
CO CD
qsoato MCiO^QCODCC
Flour
bblg.
1879.
1878.
1877.
Week
Week
Week
Week
Stpt.m.
Sept.
Sept. 11.
1(>2,669
Sept.
110,411
13.
91,479
93,467
308,628
329,803
754,274
37,701
73,739
585.886
257,396
349,739
137,577
28,368
347,956
217,315
353,321
63,016
40,973
346,130
374,197
299,904
141,693
62,380
14.
M MMODMO
c;tc;t©oiM
0>
"^^M®MO>»OM«t3
StO A Oj W 1^ A A CO
if^
ACKgtC
W
t9
q 3>M»ot&»-MtO<0
»9
en(ied
1880.
<ta
MMWOS
coooDcrc
SkSM
w cdo:ox:d
« VqP to M MM Oi *. li
Ct CO VI -^ O A- U CO 0» -^
ooM
0U'.0O
)ti-c;tcoto
Wheat
.bush.
Oom
Oats
Barley
Xiye
p»-
-IMO'tO
»0 00
1,304,145
1,358.966 1,0'22.581 1,024,304
Total
Rail and lake shipments from same ports for Ia.st four weeks
Corn,
Oats,
Barley,
Bye.
We*k
Flour,
Wheal,
-
:
ending—
bbls.
bush.
bush.
2.404,175
3,310.268
822,779
993.935
984,925
833,889
bitsh.
Sept. 11. ..134.361 1.731,200
aept. 4... 134,502 1.849,543
Aug. 28. ..143,855 1.708,128
Aug. 21... 154,798 2,160,733
3,710.5.i9
3,668.957
At—
Uew York
Boston
Portland
.
Hontreal
Philadelphia
Baltimore
Kew Orleans
bush.
bush.
101,119 1,712,830 2,120,000 229,700
57,683
26,100 411,550 172,500
3,150
30,000
4,200
17,941 200,665 325,666
1.500
24,370 379.300 155,300 84.500
21.564 751,300
.56.276 23,300
25,235 355,517 290,8S3 12,263
123,036
111,517
118,074
105,927
bush.
2,500
M
to O'-'O'K)'^ est siCO to
I*- «D
From—
bbls.
bush.
72,508
21,175
1,351,574
129,853
36,455
6,105
5,654
127
g5l,729
156,953
638,767
148,881
Total for w'k 142.024
2,777,739
5,078,682
Ifontreal
Philadelphia.
Baltiniore
New Orleans..
Same time
The
'79.
163,403
"i02
-Cffifr-oacj'-
bush.
385.409
26,900
292.884
136,304
"13
61.2.^8
i',506
200
follows
Ob CO-
MM
OJCOMM
MCOCiCd
y O
XMCOlC
H-OiM^^tOtOOM-.
00^t0UtOM4-^SDacc
MM 5|gMM;
osi^iooos© «•
mm: *-j»cDiucaMi
coo.
COM
rf^
a a
>,
WMM
b
to CO 00*^1
to 00
M CO
MCDC;iM
Mffll^M
WOtOpO-J^Oi
«
CC *. -iVb w osV^
rf*i^g'too<aowcih-^0'
tobboiVbco'^biorf*.
2,468
q-qCJiCJ
M coyt w 3.
cj''^ o c;''bi 2.
o
CSVi^COOCOi «
I
pD
00
to 40 OD
^''^- 'o'
to foio <j 00 bfb
<i
600
bush.
COCO-
MMQecs
^MM
1,700
94,743
"
M O^"^
iKQDOCS
*
:3c »
oobi«bs»t5"—bbi-—
"'36
*fcW^toosa::o3icx)U'i(*.
CC CO
*
^
^J'
CO CO
CJi
g:
O 'X tc
I!
Mssooas
ODfXaOM
Included in these totals are the rei>orte fruixi Buffalo p'^^*,?,*^^*^"
Miami and New Have^, th^e^deJ.aUB fo^^An^^
ton.
"VMaZX^
Barley
{?^t^V-.v.:::::;
Indiau corn
Indian
525
Bushels.....
Value, $....
(Barrels
'
::::::
263,433
117,400
500
240
2,090
6,873
com meal lvalue, $
"'*"'} Value,
104,722
6,135 94,743
93,913 110,036
2,993
1,710
supply of grain, <:omprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, Sept, 11, was as
visible
"lOMMi^
Oft
m^rf» o ifr to ^- * i».ccH-'
bush.
2,041,-393
c;»^^
•^asoc;*
1^
2 CO
O|0
MoO
b*'oi't-bb'--'"-'-rob
4,422
2.274,106
OB to
1^ tc
te
2,700
1,266.129
bush.
^"i
50,'J86
251,062 3,425,712 3,389.675 527,863
2,602 53,216
262,558 5.209.394 1.405,302 536,083 10,270 145,034
Exports from United States seaboard ports and from Montreal
for week ending Sept. 11:
Peas,
Flour,
Wheat,
Oats,
Rye,
Corn,
Boston
Portland
la
w
a
bush.
Total week..
Cor. week '79.
Kew^rk
<x>^v*-
c;iU^onoc».i^togi
Tot.,4 wks.567,516 7,449,304 13.093.959 3,642,578
•4 w'ka'79. .559.181 10.749,527
8,621,3512,231,548
Heiieipts of flour and grain at seaboard ports for the week
«uded Sept. 11:
Barley,
Rye,
Flour,
Wheat,
Com,
Oats,
bush.
QDtOit>>
CyOMtO«M>».ifr
® O S; OD r-
as K- 00
194,924 458.554
232,436 856,558
bbls.
M
M
<owc;'t-t
^1 CO coca
bush.
bush.
74,301
58,048
44,146
17,929
MWCCWWW^Ot
CD *. C' oe
^ #- ^j
K-QD*
$
nv«5 Bushels
"'*i Value, $
Wheat 5 ^"'''"''*
Value,
Wheat
1 ,320,299
1,309,459
$
'*'**"i
Bf,[jf $;;;.::
Aug., 1880,1
1880,$
« AUK..
o|g
520
187t»,^^
i Aug..
Total values for 8*1880.$
mo«. ©ua» August. > 1879, $
20,374
flour
Total values
f
175
2oo
1,030
1,030
1,426,859
1.314,918
1,509 3,937,416
2,076 8.180,203
575
3.450
10,323
2,82S
50,384
26,227
.
.
THE CHRONICLR
314
[Vou
XXXL
Receipts or LeafUng; Articles of Domestic Produce.
The following table, ba^ed upon daily reports made to the
New York Produce Exchange, shows the receipts of leading
Th« market for dry goods has been fairly active the past week. articles of domestic produce in New Tork for the week ending
There was a large influx of Western and near-by retailers, with Tuesday last (corresponding with the week for exports),
whose operations in Fall goods were conducted on a liberal also the receipts from January 1, 1880, to that day, and for the
goods
scale J and while business continued buoyant with dry
corresponding period in 1879:
clothing
in
movement
asatisfactory
was
there
and cloth jobbers,
Week eiuling Since Jan. 1 JSiime time
from first hands. There was a steady hand-to-mouth demand
Sept. 14.
last year.
1880.
for staple cotton goods, prints, ginghams, dress fabrics, &c., by
THE DRY aOOD3 TRADE.
FRIDAY. P. M.. Sept. 17, 1880.
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
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 entire offering (amounting to over $250,000) having been closed
.
Ashes
Beans
hbU.
~.
Flour,
wheat
bbls.
Com meal
and this caused a steady demand for re-assortments at
first hands but package buyers continued to govern their purchases 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 56x608 were quiet at 3^c. Prints
and cotton dress goods were in steady request and ginghams
continued very active.
Domestic Woolen Goons. The main features of the woolen
goods market are unchanged. The jobbing trade in cloths,
—
cassimeres, flannels, repellents, jeans, eloakings, shawls, skirts,
knit underwear, &c., was moderately active, but the demand at
33
395
2,615
32,478
4,616
47,548
107,871
1,669
1,221,080
48,100
1,700,200
219,350
39,110
4,421
18,804
3,278,711
101,105
38,994,113
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
2,819,651
130,651
Com
Oats
Barley and malt
Peas
Cotton
Cotton seed
hhus.
545
3,639,517
115,337
43,613,387
1,898.746
29,329,802
7,747,999
2,465.530
250,299
472,053
17,557
124,201
102,384
158,946
92,991
53,627
3,021,48a
2,564,370
4,941
bbls.
42,838
75,73»
2,4?9
74,332
294,3 i 9
15,906
1,672
469,304
8,061
181
65,790
1.598
56,005
235,508
20,557
2,520
291,362
11,940
110,406
24,639
1,227,006
984,965
1,727,479
443,386
45 4,919
113,924
40,674
44,841
47,780
14,762
91
8,838
78,243
115,613
68,615
218,698
59,387
176,045
27,252
bbls,
Wheat
Kye
bush.
bush.
btai.
bnsh.
bush.
bnsh.
bales.
bbls.
oil.
Flax seed
Grass seed
Hides
Hides
out and widely distributed at good average prices.
Domestic Cotton Goods.—The exports of cotton goods from
Hops
this portdnringthe weekending September 14 aggregated 2,689 Leather
Lead
packages, including 1,080 to Great Britain, 682 to China, 458 to Molasses
of
number
Molasses
Mexico,
and
a
150
to
U. S. of Colombia, 154 to Brazil,
Naval Storessmaller shipments. The jobbing trade in cotton goods was quite
Turpentine, ernde
active,
bbls.
Breadstuffs—
bags.
bags.
.No.
bales.
bales.
sides.
P'S^.
bbls,
Tm'})eutine, spirits... bbls.
Rosm
bbls.
Tar
bbls.
Pitch
bbls.
Oilcake
pkgs.
Oil, lard
Oil, whale
bbls.
536
84
662
57,536
1,381
10
3,368
10,956
723
135
12,706
50
galls.
Peanuts
Provisions-
Pork
Beef
Cutmeats
Butter
Cheese
Eggs
Lard
Lard
18,767
1,777
bush.
2,891
pkgs.
pkgs.
pkgs.
pkgs.
pkgs.
1,136
bble.
tcs.
Hogs, dressed
Rice
Spelter
Stearine
&bbls.
kegs.
No.
pkgs.
slabs.
646
36,705
27,792
34,313
7,971
10.353
3,896
1,202
3,611
73,388
1,302,660
1,058,870
1,803,734
351,260
535,388
48,320
49,869
26,834
64,775
20,568
1,673
31,478
69,922
121,462
70,704
263
bblfl.
Clothing woolens were Sugar
"244
hhds.
Sugar
disposed of in small lots by agents, but there was no spirit in Tallow
1,584
pkgs.
1,949
the demand, which is likely to remain sluggish until new spring Tobacco
boxes & cases.
hhds.
3,258
goods are shown, when a revival in business may be anticipated. Tobacco
3,183
Whiskey
ibbls.
190,74*
Kentucky jeans were more sought for, and prices of some makes Wool
577
bales.
94,48a
that have been selling at relatively low figures have slightly
appreciated. Repellents were in steady request, but eloakings
Exports ot Leadlas Articles of Domestic Produce.
ruled quiet in first hands. Flannels and blankets were in
moderate demand by package buyers, and fairly active with
The following table, based upon Custom House returns, shows
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 underproduce for the week ending with Tuesday last; also the exports
wear and fancy knit woolens.
Foreign Dry Goods. The jobbing trade in imported goods from the 1st of January, 1880, to the same day, and for the corwas 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
large that buyers are operating cautiously. Staple and fancy
Week eliding Since Jan.
Same lime
dress fabrics were in fair request and steady in price. Silks
Sept. 14.
1880.
last y&ar.
moved slowly, and there was a continual pressure to sell through
bbls.
707
the auction rooms, despite the low prices being realized. Linen Ashes, pots
1,046
bbls.
145
130
and white goods, woolens and embroideries were severally quiet Ashes, pearls
lbs.
7,901
Beeswax
67,698
30,840
in first hands.
Breadstuffs—
Importations of Dry Goods.
bbls.
2,882,869
Flour, wheat
79,589
2,226, 637
bbls.
24 L
3,176
4 830
Flour, rye
The importations of dry goods at this port for the week ending
130,286
bbls.
5,904
Com
meal
111, 187
Sept. 16, 1880, and for the corresponding weeks of 1879 ana
44,215,226
bush.
1,194,861
41,8iy, 738
Wheat
1878, have been as follows:
1,237,365
bush.
71,508
2,816 ,590
Rye
bush.
4,248
343,643
456 340
Oitts
EXTEBED FOE C0N8CMPTI0N FOR TUE WEEK ENDING SEPT. 16, 1880.
first
hands was comparatively
pkgs.
light.
—
1878.
Pkgs.
Value.
1879.
Pkfis.
Value.
1880.
Pk/ts.
Value.
Kanulacturea of-
Wool
Cotton
852
855
786
830
......
Silk
Rax
Miscellaueous..
Total
36t>
352,935
224,711
525,679
148,115
134,392
3,689 l,38U,OSJ
494,989
398,794
961,542
309,141
190.193
1,373
1,245
1,611
«,43» 2,354,659
6,143
1,216
1,431
1,587
1,484
670
994
92(1
428,541
400,335
815,7H8
216,405
226,971
2,088,070
WrrHDRAWN FROM WAREHOUSE AND THROWN
INTO XHE MARKET DURING THE SAME PERIOD.
Manof actures Of—
Wool
Cotton
516
176
152
433
270
Bilk
Flax
Miscellaneous
Total
Bat'd f orconsumpt.
Total on market .
.
203,776
49,804
143,425
89,174
43,200
529,379
1,547
3,6S9 1,386.032
5.236
532
268
163
449
456
194,463
66,831
147,940
102,001
28.989
l,86S
540,224
6,438 2,354,659
8,30ti 2,894,S83
918
395
309
652
771
334,079
106,681
226,688
143,801
68.639
3,045
899.888
6,143 2.088,070
9.18(:
ENTERED FOR WAREHOUSE DURING SAME PEmOD.
Manufacturea of—
Wool
577 200,539
398 157,150
817
Cotton
164
34,322
138
37,623
369
8Ut
101
102,237
158
99,041
272
Flax
Xisoellaueoiis
Total
Eat'd forcoiuutupt
Total at the port...
495
102
103,673
41,450
482,221
487
115,709
442
530
2.987,958
334,455
109.165
202,707
115,524
1.439
3.0>9 1.386.03'.'
131
20,051
1,312
429,574
6.438 2,354,659
824,542
6,143 2,088,070
5.128il,8'.'8,25.
7,75(
784,233
8,57312,912,612
62,691
2.4301
Barley
Peas
Com
Candles
Coal
Cotton
Domestics
Hay
Hops
Naval Stores—
Crade turpentine
bush.
bush.
bush.
pkgs.
tons.
bales.
pkgs.
bales.
bales.
9,864
1,255,065
840
1,750
23,574
2,689
1,230
446
262,806
242,186
35,595,957
42,751
36,354
436,776
87,310
89.081
4,945
119,,629
252 059
24,747 069
43 ,334
54: ,480
220, ,278
8b ,962
48, 967
26, 3S7
100
7.86»
125.135
5.135
3.568
1,099,082
Pitch
bbls.
bbls.
bbls.
bbls.
bbls.
Oilcake
cwt.
30,284
21,182
155,940
4,949
3,879
3,666,905
gals.
gals.
gals.
gals.
gals.
1,672
3,919
5,930,224
69,907
239,808
607,303
94,433
174,043,056
201,,565
96,,750
994,,362
8,,210
175,755,,078
168,916
45,023
42,175
393.714,671
21,653,180
90,945,739
201,853,254
16,013
62,174.135
56,276
34,709
4,560,100
56,551
173,,186
37,,289
39 ,026
414,839!,686
23,835, 649
101,705.,879
177,201,,904
Spirits turpentine
Rosin
Tar
2,017
1,089
195
62
OUsWhale
Sperm
Lard
Linseetl
Petroleum
Provisions-
Pork
Beef
B6ef
Cutmeats
Butter
Cheese
Lard
Rice
Tallow
Tobacco, leaf
bbls.
bbls.
tierces.
3,597
1,046
lbs.
lbs.
lbs.
lbs.
10,632,594
1,018,144
3,239,773
5,969,230
969
bbls.
425
lbs.
l,499,5'.iS
hhds.
1.241
1,190
133,088
balo .and cases.
Tobacco
Tobacco.manufactured. lbs.
lbs.
Whalebone
11, 054
47,956, 655
43, 353
22 195
4,792' 63.548, 531
.
I
Sbfteubek
THE CTIRONICLE
18, 1880.]
Financial.
Financial.
WM.
NOYES,
C.
Fred H. Smith,
BANKER AND BROKER,
NASSAU STREEX,
31
BUYS AND BELLS
(An Intimate knowledge of
A 8 I" E C 1
Telephone Stocks,
Railroad Stocks and Bonds.
ALSO,
Investment
and MiscellAneoufl
olaases of
SocarltiOB not actively dealt In nt the New
York Stock ExcbanKe.
&
Sheldon
STREET,
Wm.
made od name.
Bhkldox.
WM.
C.
C.
&
Hudson
I.
WAI>8W0KTH.
B.
Co.,
EXCHANGE COURT, NEW YORK,
3
Buy and
sell on commission, for Investment or on
margin, all securities dealt In at the New York
Stock Exchange.
B. R. Leak.
C. I. Hudson,
T. H. Curtis.
Member N.Y. Stock Bxch.
JOSEPH
w. C. McKeak,
Member of N. Y. Stock Eich'ge.
Lloyd.
P.
Lloyd
Sc
McKeaii,
STRBET, NEIV TORK.
34 'W\J4t4
Bay and sell— on coramissiOQ—GoTemment, Railway and MtHcellaneous Securities. Receive deposits
mbject to check, and allow interest on balances.
BANKERS,
CEDAR STREET.
62
&
Loans negotiated. Collections made. Taxes paid*
Co.,
INVESTMENT SECURITIES,
New York
Cily, Chicotto, Cincinnati,
Jjoais, OiHtrict of Coliiiiibia, an«l
Goveruiiieut Hecuritiet*.
St.
FOREIGN EXCHANGE.
52
J.
WILUAM
H. Latham.
&
Co.,
BANKERS AND BROKERS,
St., Cor. New, New York.
INVESTMENT SECURITIES.
t XrtJl
&
Buttrick
&
Nob. 37
39 Wall
St,
New
Kimball, Howell
J. P.
&
Howell, N. F. Henderson,
BROADW^AT AND
SECURITIES, CITY
Gas Stocks,
No.
1
BONDS,
ice..
NEW STREET,
No, 34
New
Street, Neiv ITork,
Stocks, Bonds and Governments Bought and Sold,
strictly on Commission, cither for Investment or
carried on marjEin.
Gwynne & Day,
No. 45 l¥aU Street,
rEstabUBhed 1834.]
Transact a general banking and brokerage business In Railway Shares and Bonds and Government
D. Probst
&
Co.,
STOCK AND BOND BROKERS,
J.
No. 52
EXCHANGE PLACE, NEW YORK,
Stocks, Railroad Bo.nds, Governments, and
Securities, Bouoht and Sold
Mmweixaneous
INVESTORS AND BROKERS.
CONTENTS!
Retrospect «f 1879.
Banking and Financial —
Uulteil States— Niitioiial
Currency MoveiuciitH.
Bank Fixurea and
Returns, Ac.
Market aud Bank Returns.
United States— Foreign Commerce, Trado
Baliiiicc, U. S. Exports and Imports of
Leading Articles. London—Review ot
year, Bitnk Returns, &c.
The Money Marhet—
and Prices of Call Loans and
Commercial Paper since 1872.
Influences,
Gold and SliverProduction, Exports and Imports of Gold
and Silver in the United States.
Foreign ExchangeMarket and Prices in New York, 1870-1880
Invrstmenls and Speculation —
Coiupotmd Interest Tahlc, Sliowin)? AconinuUions of Money in a Series of Years.
Table Sliowing tlio Rate Per Cent Realizoa
on Securities Purchased at differeut prices'
Stock Speculatlou in New York.
Debt of the United Stat<:e.
Prices of U. 8. Bonds, 1860-1880.
Interest allowed on deposits.
Investments carefully attended to.
and
BONDS
liold
of
REOtJLAR AUCTION
oU
cliisscs of
WEDNESDAYS AND SATURDAYS.
ADRIAN
II.
MVLIJBR
&
SON,
PINE STFSEl', f«EW YORK.
John
B.
Manning,
BANKER AND BKOEER,
No.
FOR
United States Debt and Secnrltles—
securities.
No. 7
A MANUAL
London— Money
Wall
Street,
•
New York
City
State Debts and SecuritiesState Debts and Inmiunlty from Prosecution.
Prices of State Securities, 1860-1880.
tlieir SecuritiesRailroads in the United States.
Railroad Eiirnings.
The New York Stock Market, 1860-1880.
Prices of Railroad Bonds, 1872-1880.
Prices of Railroad Stocks, 1860-1380.
Railroads and
Price oftbe Review, In Cloth. ...$2 00
To Subscribers of the Commerciai, ( » oq
""
&
Financial Ciironicle
WILLIAM
B.
>
DANA
dc
*
CO.,
PUBLISHERS,
79
&:
81 William Street N. T.
Steel Pens.
SOUTHERN SECURITIES
A SPECIALTY
and liallway Ronds and Conpons
bought and sold at best market rates. Investors or
dealers wishing to buy or sell are Invited to communi*
cate with us.
Member of the New York stock Exchange.
State, Municipal
Swan & Barrett,
NEW YORK.
1880.
Exchange Commercial—
Vernam & Company,
BANKERS AND BROKERS,
P. O.
Beers, Jr.,
(ANNUAL.)
Now York ('iti — Raulc
ALBERT H. VKRNAM,
EDWARD N. BOND.
Member N. Y. Stock Exchange.
Transact a General Bunking Business, including
he purchase and sale of STOCKS and BONDS for
ash or on m:irgin.
Bpr and Sell Investment Secnrltles.
BOX 2,647.
A.M. Kidder. Wayland Trask. B.J.Morse
Financial Review,
inercanllle Failures.
17 NEAir ST.,
STOCKS AND BONDS
ON
STREET,
solicited.
IHE
Co.,
Members N. Y. Stock Exchange,
68
SA1£8
Neiv ITork.
personal attention.
Especial attention is given to Investment SecuriUefl
of the higher grades, quotations for which are for*
nlshed as required.
Vork.
At Auction.
C^ Co.
BANKERS,
ITAIil.
chants, fur duties.
Bonds and Securities of every description bongbt
and sold on Cotntntsslon Orders, w^icb have dlrsct
Elliman,
BONDS, STOCKS and INVESTMENT SECURITIES
BWJGHT AND SOLD ON COMMISSION.
C. A. Buttrick. Member of the N. Y. Stock Bxch'ge
Wm. Bluuan. Member of the N.Y. Mining ExchVe
the Undersigned
BROOKLYN
Ac
and sell Oovemmenu and Coin.
Gold constantly kept on hand for the supply of Uei^
BANKERS AND BROKERS,
STOCKS
N. T.
Investment Securities,
Z SOUTH STREET
Correspondence
Special attention to business of country banks.
No. 18
_^
Sons,
Dealers In Governments, Coin,
New St., New York.
ALSO,
COR. MAIDEN LANE & JAMES ST., ALBANY, N. Y.
Transact a General Bunking Business.
STOCKS and BONDS Bought and Sold on Con:.
mission, and carried on Margins.
Deposits received and Interest Allowed.
STREEr.
f. w. Perry.
A. H. Brown
5
1
All Seenrlties dealt In at the
Municipal Securities bou^'bt and sold.
&
Francis,
BANKERS AND BROKERS,
70 Broadway &
SIXTH AVE., WEST OP KAN. AVE.,
H. Latham
And
&
Fisher
BANKERS,
BA I,TIIIIOBE, mD.
Bey, Sell and Carry on Margins
TOPEKA, KANSAS.
J.
&
Trask
Co.,
HEAL ESTATE AND INSURANCE,
80
Wm.
0770SITE Second St.
ties.
H. Kimball,
H. R. Prather
Co.,
CINCINNATI, OHIO.
_
Pnrcliftia
STOCKS.
AJSn
&
Oilman, Son
All clasBcs of ncfcotiable sccurttles bought and
old at tho Stock Kxchonge on CommlsiiloD. Ad-
vunces
BROKERS.
TY
In addition to a General B.anking Business, buy
and sell Government Bonds and Inveetmeat Securi-
BANKERS AND DEALERS IN
BONDS
I,
Investors or Dealers wishing to bny or sell are
Invited to coraniunl<:utc'.
State, Municipal and
Railway Bends and Coupons bought and sold at best
Market Rates.
Wadsworth,
10 tVALI.
Co.,
for the past 10 Years)
all
A
&
Eustis
RAILROAD SECURITIES
TruKt Companies' Stocks,
Tolegrapk Stocks,
AU
George
BROAD STREET, JIBW YORK.
No. 13
Gasllsbt Stock*,
I
Financial.
BANKERS AND BROKERS
20O Middle
Street,
POHTI,AND, lOAINE,
Dealers In Government, State, County, City and Railroad Bonds, Bank Stocks, &c.
*
desirable Investment Securities conatanOy oa band
^tul Wtm*
GOLD MEDAL,
FASIS, 1878.
Bia CeUbraUd yumber»,
303-404- 70-36 -332,
I
I
andhia other styles may be had of all lUalera
throughout the wotH,
Joseph Oillott & Sons,
New York.
.
:
THK CHRONJCLF.
•VI
Commercial Cards
Publiculious.
"THE PRISCE AMONG
Russell
MAGAZIJiES."
jr. 1.
&
Insurance.
hni and Uauko^v.
Agent
In
max ranller, Rt. II'>ii.
W. £. eiadstono, Jaa.
America,
W. POMEROY,
8.
Office, 59 Wai,i. Stiieet.
Office 44 Central stkekt.
A. Froude, Prof. HuxBrinckerhoff,
ley, R. A. Proctor, Ed.
A. Freeman, Prof. Tyndall, »r. ^V. B. CarCo.,
penter, Frances Power
Uaunfacturer*
-lod Deainrt in
'"^
Cobbe, The Duke ol
Thackeray,
Miss
Argyll, \%ni. Black,
nirs. Muloch-Cralk, Ceo. ITIacDonald,
And all kind! of
Mrs. Oliphant, Jean Ingclow, Thomas
Hardy, Matthew Arnold, Henry K Ings- COTTON CANVAS, FKLTING DUCK, CAR CO VEB
ley, W. W. *tory, Turguenler, Buskin,
me, BA8GIN8. RAVENS DUCK, SAIL TWINB8
*C. " ONTARIO SBAMLERB BA03,
Tennyson, Bronniug, and many others
Turner
&
COTTONSAILDUCK
"AWNING
are represented in the pages of
Alto,
Littell's Living Age.
STRIPES.'
A f3ll (upplj all
Width* and Colon alvajri
No. 109
Dnane
In itoek.
Street.
No. 11 Old SUp,
400
E.R.Mudge,Sawyer&Co
AGENTS FOR
TVashlneton mils, Chlcopee Mfk. Co.
Bnrlinetnn 'Woolen i)o.,
Ellerton
Mew nillls,
Atlantic Cotton muia
Saratoga Victory Mfk* Co., Ueeaninuis
AND
Hoalerr. Shirts and Drawera
l<roni Yarloua Mills.
NEW TORK.
BOSTON,
43 A 4S WHITE STREET,
15 CHAnNCET STBIET
PHILADKLPHIA.
J. W. DAYTON, «90 Chibtkdt Stbeet.
Wire Rope.
STEEL AND CHARCOAL
IRON of auperlor qualitj
amUbleforMININO ANB
HOISTING PURPOSES
cinnati.
•With It alone a reader may fairly keep up
with all that 18 Important in the literature, history,
politics and science of the day."— TT^e Methodist,
Inclined PUnea, Tranamlaislon of Power, Ac. Alao.
LIGHlTanized Charcoal and
jBB for Ships' RifiKing, SuaIpension BridKes, Derrick
iGuys, Ferry Ropes, Ac. A
large stock constantly on
a liberal education."— ZKm*«
Beralfi, Boston,
"There
is no magazine published that gives so
f;enerHl a knowledge of what is going on in the
Iterary •world.''— Presbuterinn Weekly, Baltimore.
"Gives the best of all at the price of one."— A>w
York Independent.
"It holds the palm against all rivals."- Commercial, Loui9v lie.
" There is no other way of procuring the same
amount of excellent literature for anything like the
same price "—/i'^ton AdvertiHer.
**
It supplies a better compendium of current discussion, information and investigation, and gives a
greater amount and variety or reading matter
which it Is well worth while to read, than any other
It is simply Indispensable."—.A>«f<>7i
i>Qb)icatlon
F
band from which any desired
lengths
are
cut
FLAT STEEL AND IROJ
ROPES for Mining purposea manofactoreil to or-
_
JOHN
W. IHASON
der.
&-CO.,
43 Broadurax, Neir if ark.
UTUALLIF
INSDRANCECOMIl
OF NEW YORK,
31
Home and
r.S.WINSTON , PRESIDENEVERV APPROVED DESCR PTI ON O
SSI
Foreien I.lteratare*
I
;1FE AND
POLICIE
)N.1£RMS AS FAVORABLE AS THOSE 01
ENDOWMENT
FortlO 60 The Living Age snd either one of the
American $4 Monthlks (>>t Harper's Weekit/ or
Bnz'tr) will be sent for a year, bnt h^postpaid ; or for
*9 50 THE Living AGEundihe iit. NiahoUts or AppU4^R*« Journal. Address,
,
._
,
$771 ,077 35
393,686 83
199,39830
ASSETS,
31st December, 1879.
Cashln banks
$70,46732
United States stock
260,000 00
Stocks of Corporations
78,142 00
Beal estate
350,029 18
Subscription notes, bills receivable and uncollected premiums.
Suspense account and accrued
430,102 20
ia-
8,444 45
terest
Total amount of assets
$1,197,185 15
The Board of Trustees have this day
Resolved, That six per cent Interest on the
outstanding Certificates of Profits be paid to the
holders thereof, or their legal representatives
On or after Ist March next.
By order of the Board,
CHARLES IRVING, Secretary.
Alexander Hamilton,
Constantin Menelas,
H
Hugh
Published weekly at $8 00 per year, free of
postage.
[" PosseBseU of The Ltvino Age and one or other
oi our vivacious AnHTican monthlies, a subscriber
«rill find himself in eummand of the whole situa.
t\on:'—J'KHadephia}iren,iiaB'UUctu.^
802,271 22
miums
R. Lyraan,
Henry R. Kundhardt,
Uegister.
$113,57123
$815,842 45
Earned premiums of the year. . .
Losses and expenses
Be-lnsurance and return pre-
E.
"Therein nothing comparable to it in true value
in the whole range of periodical literature."—.dTofti^
.
Total premiums
George Hosle,
Henry DeB. Rontta,
American home."
CO., Bottoa,
ber, 1878
Net premiums received during;
the year ending 31»t Dec, 1879
TRrSTEBSt
Insurance.
*/(jwrnai.
WTXKI.L &
published In conformity with the proylsioiu of
Charter
Premiums imeamed 31st Decem-
Its
k
jietD Tork.
Saaa
4,^
i
ORIENT.
& Bro.,
BROADWAy. NJtW YORK.
**
It is. by all odds, the best eclectic, publisheil." .Southern Chttrchrmtn. B chmond
" It is the embodiment of the truest and purest
literature of the age."— .4m. Christian Itevietc, Cin
for the beat
upon application, send Circa-
OFFIOB OF THK
miLYrARD'S HEIilX NBBni.ES:
J9iUacUlphta.
Club Prices
ANY CAUSE, EXCEPTING
Niw YOBK, 28th Jansaty, 1880.
The follo'wing statement ef the affialrs of this
Company on the 31st day of December, 1879, is
Cincinnaii.
York Tmes.
will,
Mutual Insurance Co.
*'
It affords the best, the cheapest and most conTenient means of keeping abreast with the progress
of thought in all Its phases."-.YorfA Americun,
—Nsw
The new form of Endowment Policy provides :—
if the ENTIRE RESERVE Is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the endowment
term, the excess shall be used as a single premium
to purchase a pure endowment, payable at the end
of wie term, thus gujirajiteeing to the policy-holder
in every event the full value of his Reserve.
NO SURRENDER of the Policy is required only
a notice from the policy-holder, on blanks furnished by the Company.
That
New York.
George A. Clark
indicated by the following
to find a place in every
'
Onice of Middle Department, Bnreel Building
No. 117 Broadway, N. Y., Henry W. Baldwin, Sup't
"The last volume of the Living Age presents a
fresh example of the Judgnient in selection and
adaptation to the demands of the best popular literature, whicti has secured so wide a circulation to
that periodical."— .y. Y. 'JYibune.
" It covers the whole field of literature, and covers
it completely, thoroughly and impartially."— T>mM.
Ought
After the premiums for three or more years hay
been paid, upon recfiving the required notice from
the assured the Company will continue the Policy
In force without further pnyments, for its FULL
FACE, for such a period as the ENTIRE RESERVE
win carry it.
Should the d^ath of the Insured take place during
the continued term of insurance as provided for
abuve. the full face of the Policy will be paid— n»
deduction being made for foreborne or unpaM
premiums, excepting in the event of the deatt
occurring within three years after the orlgina
lare giving full particulars.
OPINIONS.
"
IN
surins: elsewhere.
The Company
THE ABLEST LIYING WRITERS,
is
.
Examine the new ^rra of Policy issued by
United States Life Insurance Company before
TESTIBLB FOR
FRAUD.
double-column octavo pages of reading matter yearly. It presents in an inexpensive form, considering
its great amount of matter, with freshness, owing
to its weekly issne, and with a satisfactory completeness attempted by no other publication, the
best Essays. Reviews. Criticisms. Tales. Sketches of
Travel and Discovery, Poetry, Scientific. Biographical, Historical aad Political Information, from the
entire body of Foreign Periodical Literature.
The importance of the Living Age to every Am
erican reader, as the only satisfactorily fresh and
COMPLETE compilation of an indispensable current literature.—indispensable becAuse It embraces
the production of
weekly
.
.
JAMBS BUBLI President.
LIBERAL AND IMPlRTANT CONCESSIONS
LIFE INSURANCE CONTRACTS.
AFTER THREE YEARS, ALL RESTRICTIONS
THREB AND A QUARTER THOUSAND
it
-
N. V.
$4,983,296 81
872,484 o6
CONDITIONS in regard to travel, residence,
occupation and cause of death are removed, thus
making the Policies, after three years, INCON-
more than
read
Surplas,
....
and
Unapproached by any other Periodical
To
Assets,
;
in the world, of the most valuable Literary and
Scientific matter of the day. from the pens of the
rOREMOST ESSAYISTS. SCIENTISTS, CRITICS. DISCOVERERS, and Editors, representing every department of Knowledge and Progress.
The Living Age Is a weekly magazine, giving
'*
Comp'y,
261—264 Broadway,
default.
Axenu
Dmlted States BnntlnK Companr.
In 1880. The Living Age enters upon Its thirtyseventh year, admittedly unrivalled and continuously Buocessful. During the year it will furnish
to its readers the productions of the most eminent
authors above-named and many others; embracioK
the choicest Serial and Short Stories by the LEADING FOREIGN NOVELISTS, and an amount
States
Life Insurance
Jr.
New York
Boston
The United
Co.,- China,
CoMMissios Merchants and Ship agents,
Honff Konar* Cnnton, Amoy, Foocbow, 81tanff>
Observer
The Greatest Llvins
Authors, such a« Prof,
la aufflciently
fVOL. XXSl-
^^_ANy OTHER COMPANY.
ORGANIZED APRIL 12^" 1842.
Carl L. Recknagel,
W. F. Csry, Jr.,
Carl Victor,
Auchincloss,
Lawrence Wells,
William Pohlmann,
Francis Ocrdon Brown,
Alex. M. Lawrence,
Ramsey Crooks.
Arthur B. Graves,
L. Chaa. Renaald,
Chas. F. Zimmermann,
H.
John D. Dii,
Theodore Fachiri,
Charles Munzinger,
C. L. F. Rose,
Walter Watson,
Brneste G. Fabbri.
Henry E. Spragne,
John Welsh, Jr.,
LeWilMoiris,
',,
_^
^
'"'
S., Wilson,
Gustav Schwab,
George H. Morgan,
Francis B. Arnold,
Georges. Scott.
EUGENE DUTILH, PresidenU
ALFRED OGDEN, VicePresideat.
CHARLES IRVING,
AOTON
Wm.
Secretary.
JtBTZ, AjMiatant Secr«t»i.
,<fl
:
September
;
THE CHRONICLE.
18, 1880.]
vtf
Insurance<
Inaarancc.
Cotton.
HOME
OFFICE OF THE
Insurance
Fielding,
Company
COTTON FACTORS
OF NKW YORK,
ATLANTI C
OFFICE, 110
Gwynn & Co.
BROADWAY.
AMD
Finy-Fonrtta Seml-annnal Statement,
Mutual
Co.
Insurance
SHOWING TUB
CONDITION OF THE COMPANY ON THE FIRST
DAY OF JULY, 1880.
CASH CAPITAL
New York,
January 24, 1880.
The Tmstocs, in conformity to tlio Chartur of
the Company, Bubmit tlio following St4itoment
of its affairs on the 31st December, 1879
Premiums received on Marine
Risks, from 1st January, 1878,
to 31st December, 1879
$3,690,066 58
Premiums on Policies not marked off Ist January, 1879
1,671,981 91
Total amount of Marine Pre-
miums
Ko
$5,371,048 49
Policies liavo
been Issued
upon Life Risks; nor upon
Fire disconnected with Marine
$3,000,000
1,856,954
166,391
1,366,888
Cash Assets
$6,390,233 89
3.S9,57d
(market value »li0«,A()6 49)..
Interest due on Ist July, 18S0
Balance In hands of agents
Real estate
652.250
83,810
142.100
66,103
3,875,101 26
AND
8,429 68
XOODT
HINHT
It
JEMISON,
ONLY
Galreston, Texas.
GILLIA? BCHBOIOXB
H. WAP.I.
Ware
&
Schroeder,
COTTON COMMISSION MERCHANTS,
1,307,900 00
500,000 00
<
1,522,826 35
231,455 16
ceivable
Cashln Bank
r
$12,437,739 51
Six per cent Interest on the outstanding certiScates of profits will be paid to the
holders thereof, or their legal rcpresentatlTes,
on and after Tuesday, Ike 3d of February next.
per cent of the Oatstandlnc
Certificate* of the issue of 1876, will be
redeemed and paid to the holders thereof, or
their legal representatives, on and after Tuesday, the 3d of February next, from which date
interest on the amount bo redeemable will
cease. The certificates to be produced at the
time of payment, and canceled to the extent
Special attention paid to the ezeontlon of orden-
By order of the Board,
livery of cotton.
Pier (new) No. 42 North Blver, foot of Morton
From
street.
Travelers by this line avoid both transit by EngUsh Kallway and the discomforts of crossing the
Cbannei In a small boat.
Wed., Sept. 22, 7 A. M.
8T. LAURENT. Santelll
Wed., Bent. 29, 2 P. MAMERIQUB, B. Joucla
Wed.. Oct. 6, 6;30 P. It*
FRANCE. Trudelle
PRICE OF PASSAGE, {Including wine;
To Havre— First cabin, flOO and t80. Steerage.
$26, Including wine, bedding and utensils.
Return tickets at very reduced rates.
Checks drawn on Credk LyonuaU of Paris in
amounts to
DE BEBIAN,
Agent,
6 Bovrllne Green.
H.
W. &
H.
Farley,
New
York.
Waldron
GENERA
&
Tainter,
COTTON MERCHANTS*.
PEARL STREET, NEW YORK.
97
I.
Future " orders executed at N. Y. Cotton Bxch'gtt
Tames F. Wenman & Co.,
COTTON BROKERS,
146 Pearl
Street,
near Wall, N. Y.
Receive consignments of Cotton and other Produce*
and execute orders at the ExehiinBes In Llverpool.Represented In New York at the ottice of
Street,
New
3,909.
B.F.BABCOCK&CO.
17 Water Street, I.IVERPOOI1,
FINANCIAL, ACENTS
O Box
street.
COMMISSION MERCHANTS,
MERCHANTS,
AKD
P.
IIT Pearl
Orders for Spot Cotton acd Futures promptly exe*"
oated
Established (in Tontine Building) IStO.
J.
COTXON FACTORS
COMMISSION
Co.,.
COTTON BROKERS,
tko.
Cotton.
&
Dennis Perkins
'
suit.
LOUIS
de-
made on con
Liberal advances
• Ignments.
Retiveen Neiv York and Havre.
13S Pearl
H. CMAPIHAN, Secretarx.
for the purchase or sale of contracts for future
GE.NEBAL TRANSATLANTIC CO.
paid.
A. DlTldend of Fortr per cent Is declared on the net earned premiums of the Company, for the year ending 31st December, 1879,
for which certificates will be Issued on and after
Tuesday, the 4th of May next.
New York.
111 Pearl Street,
Direct Line to France.
otherwise
Real Estate and claims due the
Company, estimated at
Fremiuin Notes and Bills Re-
J.
Co.,
COTTON COMMISSION MERCHANTS^
No. 10 Old Slip, New York.
$8,875,558 00
Total vVmount of Assets
&
Jemison
BANKERS
Stcaniiiilii|»8.
840,736 77
other Stocks
S.
Assets, viz.:
Loans secured by Stocks, and
FIfltr
16
poli-
16.890.233 89
1,524,331 04
penses
47
6M
CHAS. J. mARTIIV, President.
J. H. WASHBURN, Secretary.
Returns of Premiums and Ex-
The Company has the following
United States and State of New
York 8tock, City, Bank, and
E.
25
191,380 00
00
Co.,
PEARL STREET, NEUT YORK.
18«
niorttrapes. b<»lnK first Hen on
1.R52.92S 00
real estHto (w<.rth t4.H4,i)S(i)
i"tticlc» (market value).... 2,724.500 00
niilroad stocks (market value)
State and municipal b'ds (market value)
Loans on stocks, pavHble on demand
&
COTTON BEOKEE8,
United States
Banknnd
Y.
street, N.
Geo. Copeland
Bonds and
from Ist
period
140 Pearl
soniniARv OF asskts
In the
MENT
cies Issued at this olSce
January, 1879, to 31st December, 1879
Losses paid during the same
83
06
United States, available for the PAYof L0SSK8 by KIRK and for the protection of Pollcy-Holders of FIHB INSURAVCK:
CB«h In Banks
»32»,682 4S
Held
Total
off
00
00
Renervefor Re-insurance
Reserve for Unpaid Losses
Net Surplus
Premiums due and uncollected on
Risks.
Premiums marked
COMMISSION MERCHANTS.
BABCOCK BKOTUEKS ft
90 Wall Btkizt.
York.
CO.,
Advances made on Conelgaments.
BBeclal personal attention to the pnrchase and sale
of '• OONTKAOTS KOK FUTURE DKLIVBRT OF
COTTON.
TRUSTEESt
Horace Gray,
D. Jones,
Charles Dennis,
W. H. H. Moore,
Edmund W.
Lewis Curtis,
Charles H. Russell,
Jaraes Low,
David Lane,
Gordon W. Bumham,
A. A. Raven,
Alexander V. Blake,
Robert B. Mlntnm,
Charles H. Marshall,
George W. Lane,
Edwin D. Morgan,
Robert L. Stuart,
Wm.
James G. Do
J.
Sturgis,
Adolph Lemoj-nc,
Benjamin H. Field,
Josiah O. Low,
John
J.
Corlies,
(SEAMEN'S
J. D.
JONES,
&
NEW
Forest,
Henry Collins,
John L. Riker.
Thomas F. Youngs,
No.
T6 Wall Street,
SAVINOS BANK BUILBINO,)
No». T4
William H. Webb,
Cbarlae F. Burdett,
Phelp's,
Co.,
COMMISSION MERCHANTS,
C. A. Hand,
John D. Hewlett,
Royal
&
COTTON
Elliott,
Frederick Chaunccy,
Charles D. Leverlch,
William Brj'ce,
WiUiam II. Fogg,
Peter V. King,
Thomas B. Coddington,
Horace K. Thurber,
William Degroot,
Wllliara E. Dodge,
P. Billups
Felix Alexander,
W. H. H. MOORE, 2d
,
AUGUSTA, GEORGIA.
Entire attention given to purchase of COTTON
ORDER for SPINNERS and EXPORTERS
CULL AND FiNANOiAi. CHsoNioiJc, and Other
Y«ik BoueeB.
Co.,
MERCHANTSi
NASHVILLE, TENNESSEE.
Special attention given o Spinners' order«.t;Corr.r
solicited.
KEriKK«ca8.-Thlr* and Fourth NatlonaU-VBan*^
and Proprietors of Thk CBKONiai.x.
o-i
Parisot
&
Campbell,.
Cotton Factors,
References :— National Bank of Angnsta, Georgia
Henry Hentx & Co.. Commission Merchants New
York; William B. Dana& Co., Proprietors Coxmia
Vice-President.
A. A. RAVEN, 3d Vice-President,
&
COTTON
VOMItllSSION
Bpondence
COTTON BROKER,
*^
Vice-President.,
Co.y
Entire attention paid to purchase and shipment or
Cotton on order for eipinners and iSxjjorters.
Best of references furnished. Correspondence
John F. Wheless
YORK.
Special attention given to the Purchase and Sale
of Contracts for future delivery of Cotton ; also.
execute orders 'or Purchase and Sale of Stocks and
Bonds for Southern account.
Wm.
&
COTTON BROKERS,
160 SECOND STREET,
MACON, GEORGIA.
solicited.
COBBJBfiPONDEMOE SOUOITZC.
President.
CHARLES DENNIS,
A. L. Leman
New
ICK8BURG, miss.
Orders to Purchase Cotton in onr market solldte*
* STI
Kefer to Meurt
Hew York,
WOODWARD
THE CHRONICLE.
Tin
&
SEAMEN'S BANK
&
Nos. 74
Stillman,
BDILDING.
76 Urall
Street,
NEW YORK.
GENERAL COMMISSION MERCHANTS
I,OANS HIADE ON ACOBPXABI-B
INMAN,SWANN&Co
to
Cotton Exchange Building,
101 Pearl Street,
New
nieurs. XAinES FINI.AY tc CO.,
LIVERPOOL, LONDON AND GLASGOW.
Tork.
Also execute orders for Merchandise through
Special attention paid to the exeontlon of orders
for the purchase or sale of contracts for future
SOUTHERN
COTTON
Dubb Jk
Lbhhah'.
Co.
LEHMAN BRO'S,
FACTS." Cotton Factors
COirmiSSION raERCHAXTS,
EXCHANGE
COST OF
New York.
COTTON
RAISING
GIVKS
PLACE,
40
SEASOSr,
BESIDES ALL ESSENTIAL
Bennet
Montgomery, Ala.
KewCrleanB, La.
CO.,
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOB COTTON
and sold on Commission
LBHMAN, ^HBAHAM & CO^
laUIR &
BleMra. FINI^AT,
SECURITIES.
delivery of cotton.
THE PAST
Co.,
GENERAL
LOANS MADE ON
ijbeKl advances mode on Conslgnmenta.
"
&
Henry Hentz
comnissiON itier chants,
COTTON
8 South William St., New^ ITorb.
COMMISSION MERCHANTS,
Advances made on Consignments
SECITRITT.
'
18, 1880.
Cotton.
Cotton.
Cotton.
Woodward
[Sbptembek
bought
New York and Liverpool.
in
&
Foulke,
COMiniSSIOlV BIERCHANTS.
\21 PEARIi STREET,
NEW YORK.
Special attention given to the execution of order
for the purchase or sale of Contracts for Future
delivery.
brders executed at the Cotton Exchanges in New
York and .jivcrpcjl aad adVftBces made on Cotton
and other produce consigned to ua, or to our correspondents in Liverpool, Messrs. B. Newgass & Co.
and Messrs L. Roaenheiiii A Bona.
Insurance.
^TNA
Robert Murdoch,
Insurance Company
Cotton Statistics
COMMISSION MERCHANT,
OF HARTFORD.
FOR A SERIES OF YEARS.
111 Pearl Street, New Tork.
PRICE:
Leather Covers,
-
-
...
Cloth Covers,
75 Cents.
50 Cents.
•
SHEPPEBSON,
25 Bearer
St.,
both in
„
25
NEW
ITORK.
;
aon, Galveston
;
Gardner, Gates
A. Hardee's Son &
holm, Charleston.
Co.,
&
Savannah
;
Co., Mobile;
Walker &
N.
Tren-
HOEYOKE, MASS.
NEW
JOHN
n.
BARRETT.
PEARL STREET,
Co.,
HENEY
&
E.
BROAD STREET, NEW YORK.
Special attention given to investment securities.
New York.
&
& Globe
PUL8FORD,
Eesident Manager
W. EATON, Deputy Manager.
L^OfUfnercial
Virginia
Fertilizing Co.
Union
AND
ALFRED
ORIENT COMPLETE MANURE,"
Crenshaw warehouse,
cUmomd, Va.
Ins.
Ca
{OF LONDON),
AitMONiATED Bone Sdperfhosphaie of Lqie,
And want a good working agent in every thriving
COTTON COMMISSION MEECHANTS AND cotton-growing
county. Apply (with reference) to
BANKERS,
W, G. CRESSHATT, Prcs't,
S4
St.,
GEO. W. HOYT, AMt. Deputy Manager.
"Orient.'
I
The Atlantic
'<
WllUam
45 William St»
JAMES
Eureka"
ORIENT, L.
BLAGDEN,
Insurance Company^
in 1877.
OFFER THEIR STANDARD BRANDS
&
54
London
B0ENA Vista and GunDallas and Houston, Tex.
the " Original Budweiser."
WORKS AT
P.
,
best and healthiest Beer in the world. Warranted
to keep in all climates. Agents wanted in all towns.
Ask your Qrocer for Conrad's Budweiser.
ADVANCES MADE.
Esq.
Liverpool
t IN BOTTLES,
made from imported Saazer Hops and choice
Bohemian Barley, universally acknowledged the
NewT York.
Special attention given to orders for the purchase
and sale of Contracts for Future Delivery of Cotton.
ASTOK,
Office
BUDWEISER EJiGERBEER,
Receive Ccnslgnments of Cotton and other produce.
R. M. Waters
CoI.;
:
MANAGERS,
EOUIS.
Trademark registered
OB-
NBW FORK
SOLON mjMPHRBYS, Ch't'n,(B. D.Morgan & Co
DAVID DOWS, Bsq. (David Dows & CoO
E. P. PABBRI, Esq. (Drexel, Morgan &Co.)
Hon. S. B. CHITTENDEN.
EZRA WHITE. Esq.
CO.,
CONRAD & CO
nison City,
C. F. Hohorst & Co.,
COTTON
COMMISSION MERCHANTS,
LIBEBiAL
WHITMORE &
ST.
SBRS FOR FUTURE CONTRACTS.
No. 125
D.
Co.
Ins.
United States Board of Management,
BBBKMAN STREET. NEW YORK.
Sole Proprietors of
Special attention given to the execution of
HOHOIiST,
45
York.
Agent.
British
Mercantile
AGENTS:
JAMES
ALEXANDER,
CHAS. E. WHITE, SAM.
Branches in Leadville,
YORK.
&
J. J.
Bankers' liCdger and Record Papers,
machine Hand-Made Papers.
Antiaue FarclimeBt Papers.
Plated Papers.
C.
COTTON BROKERS,
133 PEARL STREET,
JAS. A.
$2,418,670
New
St.,
LONDON AND EDINBVROH.
Whiting Paper Co.,
Mohr, Hanemann& Co.,
F.
WILLIAM STREET,
Co.,
BONDS, &c,
NEW TORK.
Bond Papers.
WM. MOHR. H. W.HANEMANN. CLEMENS FISCHER.
.OHAS.
I
1,658,110
3,000,000
OF
Orders In " Futures" executed at N.Y, Cotton Exch
BJEFEBENCES :
B. T.Wilson & Co., Henry Hentz & Co., Hopkins,
Dwight 4 Co., Woodward & Stillman, New York.
John Phelps & Co., New Orleans Moody & Jeml-
STOCKS,
COTTON,
FOK THE
COTTON TRADE.
&
H. Tileston
PUBLISHER OF
ST.,
NET SUEPLUS
No. a Cortlandt
North
BEAVER STREET, NEIF YORK.
$7,076,680
Capital
COTTON BROKERS,
53
TELEGRAPHIC CIPHER CODES
BEAVER
reasonable
terms, and profits paid as soon as realized in either
market.
Nenr ITork.
A. B. Shepperson,
Mo. 2S
New York and LIVERPOOL, on
AssetaJuIy 1,1880
Liabilities for unpaid losses and
re-insurance fund
WALTER & KROHN,
PDBLISHED AND FOR SALE BY
A. B.
Liberal advances on consignments of Cotton for
Sale in New York or Liverpool. Especial attention
given to Sale and Purchase of Future Contracts,
PELL,
Rtsideni Manager,
3r
&
39 Wall
Street-
@FedFRASER