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ontntcrtfa1
AND
HUNT’S
MERCHANTS’
MAGAZINE,
REPRESENTIN'G THE INDUSTRIAL AND COMMERCIAL INTERESTS
OF THE UNITED STATES.
VOL. 19.
SATURDAY. SEPTEMBER 19, 1874.
CONTENTS.
seasons
Strength of the Monetary
Situation..
...
Mr. Spinnerand the Redemption
Bureau
Louisiana and the General Gov¬
ern n
ent
Cotton Movement and Crop of
1873-4
281
282
European Cotton Consumption.
Latest Monetary and Commercial
English News
Commercial and
283
Money Market, U. S. Securities,
Railway Stocks. Gold Market,
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks. National
290
Banks,
etc
291
294
Corporation Finances
299
295
302
303
.
| Dry Goods....
Financial Chronicle is issued
and
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news up
to midnight of
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Satur¬
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Chronicle—July,
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THE STRENGTH OF THE MONETARY SITUATION.
The great problem which takes
precedence just now
of most other financial and commercial
questions, is as
to the
prospects of the autumn business.
season we
for alarm
ments.
Early in the
opinion that there was no ground
monetary mechanism or its move¬
ventured the
as
to the
We
urged creditors to be easy with their debtors,
encouraged to hope for exemption this
fall not only from the
apprehended recurrence of panic,
but eyep from the usual full
stringency, which for severaj
and debtors
we
an
Some of these facts
we
early day to have permission to present in
useful form
as a
contribution to the financial his¬
tory of the times.
season
advances the
proofs multiply in
sup¬
port of the opinion that for the next six months at least
we
may expect a tranquil money market. We learn
from London that the drain on the Bank of
has ceased, and if ten millions of
TERMS OF
The Commercial
Tlie
hope at
some
.As the fall
TIMES.
€i)c <£f)rontcU.
The Commercial
This advice seems to have been
accepted, and the principles of forbearance which have
controlled the action of so
many creditors towards their
debtors, is already bearing good fruit, and will continue
so to do.
Indications of this are multiplying both in our
Western cities and elsewhere.
Quotations of Stocks and Bonds
Investment and State, City and
298 I Breanstufts...
Cotton
289
GAZETTE.
THE COMMERCIAL
Commercial Epitome.
284
288
Miscellaneous
News
THE BANKERS’
regularly disturbed business in the closing
months of the year.
THE CHRONICLE.
The
has
NO. 482
England
gold should still be
without perturbing or crippling
our own
monetary movements, export that amount of
gold or more with ease. Thus the danger is taken away
that monetary trouble here
might arise from the failing
reserves of the Bank of
England. On the contrary, our
monetary position will, in all probability, be improved by
needed from us, we can,
the continued tide of investment which sets this
from the other side of the Atlantic.
The
United
States
Consul
way
llotterdam, in his
the Secretary of State, refers to this
movement, and says that, the general confidence in the
solidity of United States bonds makes them the means
of permanent investment in
Europe, and keeps them
at
annual report to
almost
entirely out of speculative transactions. The late
catastrophe of the United States railway securities has
not
produced
important influence on the United
Though Holland is a great sufferer
through the depreciation of American railroad securities,
enlightened public opinion does not hold the United
States Government responsible for that crisis, or for the
actions of those railroad companies which have induced
European bankers and the public at large to place their
confidence and capital in enterprises the
solidity and guar¬
antees of whieh did not realize the promises that had
been made.
As to railroad securities he is less
sanguine,
and offers the opinion that on the Continent of
Europe
so much money has been lost and locked
up in such in¬
vestments that the demand for railroad and
municipal
securities in Holland will be slow to revive, unless
legis¬
lative guarantees can be set in operation for the
security
of foreign capital invested in American railroads and
other public works.
Notwithstanding all discouragements of this sort, how¬
ever, there is abundant evidence that our money market
is receiving large supplies of capital from Amsterdana
and other Continental sources ;>nd this circumstance adds
States
bonds.
any
CHRONICLE.
:
" —
1
THE
282
[September 19,1874.
,
•,
,u„„
imperfect methods adopted for the^-accbmplishment
object proposed. Of the latter class of impedi¬
confidence in the immediate future of our money market.
ments we called attention at the time to the more im¬
Perhaps the most gratifying of the recent proofs of the
strength and stability of the monetary situation and of portant. Of these one or two are already making them¬
its hopeful aspects for the future, is the steadiness of the selves felt; for example, the redemption machinery has
market under the exciting news with which the telegraph been set up in Washington ; it ought to have been in
New York, the financial centre, the railroad and telegraph
startled the community last Tuesday.
The outbreak at New Orleans had in it sufficient vague metropolis of the countiy. To attempt to carry on the
alarm to have put up gold several points in an irritable new machinery at a point so far from the financial centre,
and sensitive condition of the financial atmosphere. is to invite trouble and insure delay.
Again, there is reason to fear that Mr. Spinner has too
What the disorder ready was able to accomplish, was to
many inefficient clerks in this new redemption bureau.
cause a feeble advance of a quarter per cent, which was
The rediculous number of one hundred has been men¬
almost immediately lost, while in every other respect
He does not really need a score. But what he
Wall street was wholly without visible results from the tioned.
does need, and at present is apparently unable to
sudden and unexpected outbreak.
This fact is the more
gratifying from the circumstance that our British cousins get, is the right sort of men. If he had sent to New
have long been predicting mischief from the quarter York, to Boston and to Philadelphia, our banks would
have been able at a week’s notice or less to have sent on
whence it has this week arisen, and have made an argu¬
to Washington, five or six experts, and ten or a dozen
ment out of these prognostications to deter and repel
trained assistants who would, two months ago, have got
British capital and British emigrants from coming to this
the redemption machinery into the most perfect order
country. Foreign newspapers, usually more free from
and smooth operation.
Instead of this, Mr. Spinner has
prejudice and more intelligent on American questions,
surrounded himself with a regiment of incapables, and
have been taking a gloomy view of our political and
the result is exhibited in the following circular, dated
financial prospects in the immediate future, and have
14th September, the law having been in operation since
added another to the long list of proofs of how incapable
the beginning of July :
the untravelled English mind sometimes shows itself of
“The act approved June 20,1874, entitled
act fixing the
dealing with the social and monetary problems evolved amount of United States notes, providing for‘Anredistribution of
a
in the freer atmosphere of American institutions.
the National Bank currency, and for other purposes/ requires the
Treasurer of the United States to notify each national bank on
Turning from these general considerations to the inte¬ the first of each month, or oftener, of the amount of its circulat¬ '
rior condition of the banks, we find them in a very hope¬ ing notes redeemed by him under that act, and whenever the re¬
shall
ful condition in several very important respects.
Their demptions for any bankhim amount to the sum of $500, to
notify it to deposit with
an equal amount in United States
reserves are large, and, beginning the fall trade with so
notes.
The great amount of work suddenly thrown upon this
office by the act, which went into effect immediately upon its
ample a margin over and above their legal minimum,
passage, and the inability to obtain at once experienced counters
they are well able to meet the pressure and respond to and assorters, and proper rooms, furniture, books and blanks for
the demands incident to the season.
Moreover, they its transaction, have rendered it impracticable to comply with
these requirements. With the greatest exertions, it has been
have been and are actuated by the most conservative found impossible to assort enough of the redeemed national bank
caution. Consequently, the state of mercantile credit is notes to enable the Treasurer to make calls upon the banks for
United Statas notes to reimburse him for their notes redeemed,
more healthy than in previous years.
Thirdly, there is in sufficient amounts to prevent the exhaustion of the five per
less disposition than has prevailed among some of our cent fund. The Treasurer is therefore compelled to ask the
several national banks to make an additional deposit with him of
banks, to withdraw or curtail mercantile accommoda¬ United States notes equal to five per centum of their circulation,
tions in order to lend their money for speculative pur¬ to enable him to continue the redemption of their notes pending
the assortment of the notes already redeemed.
The United States notes may be sent to the Treasurer under
poses. These and many other points more or less impor¬
the contract of the Treasury Department with Adams' Express
tant, are cited in support of the opinion that our banks
Company and under the same regulations as are prescribed for
are profiting by the lessons of the late panic.
It is to be the forwarding of notes and currency of the United States for
redemption. Thejexpenses of the transportation will be paid by the
hoped that they will long continue to do so.
Department, which will be reimbursed therefor. If any bank
to the
weight of the arguments which
tend to justify
the
of the
'
“
MB. SPINNER AND THE
REDEMPTION BUREAU.
The inflationists will not, we trust,
be able to overthrow
redemption reforms lately introduced into our national
banking system. It is not unlikely that they will try to
use for some such purpose the temporary trouble in the
new redemption machinery at Washington.
It was much
against their will that this machinery was set up. For
many years the advocates of currency reform have been
agitating in favor of an assorting house as a means of
giving elasticity to the bank note circulation. These
thwarted until last summer, when,
for the first time since the national banking law of 1863,
wholesome efforts
shall prefer, it may forward the required amount by its draft on
New York, Boston, or Philadelphia, drawn to the order of the
Treasurer of the United States, and payable in United States
Acknowledgment will be made to each bank for its
deposit when completed, by a remittance to it of a certificate in
proper form. United States notes unfit for circulation will be
accepted in payment of the additional five per cent deposit. As
rapidly as the notes of banks making the additional de¬
posit shall be assorted, their amount will be charged against the
deposit and the banks informed. Compliance with this request is
optional with the National banks, but it is hoped that a prompt
and general response will be made to it.
It is with great re¬
luctance that this course has been decided upon, and strenuous ex¬
ertions have been made to prevent it from becoming necessary, but
it now seems impossible to prevent an interruption in the redemp¬
tion of National bank notes, unless further deposit of United
notes.
States notes shall be made/'
were
Much clamor has been raised
as
to who
is to blame for
for the redemption of notes was these difficulties. Such questions can wait till a remedy
has been applied. The banks have their duty to perform,
created by the law of June, 1874.
The friends of a sound currency, forgetful of the stu¬ and Mr. Spinner has his. He is an old veteran in the
pendous nature of the difficulties to be surmounted, con¬ service, and has never been found long at fault in the
gratulated themselves in the hope that the evil ofYion- past. That he should re-organize his redemption bureau,
redemption was at last provided for by an efficient and is of course needful. But what should the banks do
practical expedient. There were, however, two classes meanwhile ? Their first step, is of course, to decide
of obstacles in the way. First, those which were inevi¬ whether they will comply with Mr. Spinner’s call. Some
table from the nature and complicated difficulty of the are delaying their decision, while others, as the First
work to be done; and secondly, those which were due to National of New York, have already responded by
an
efficient system
September 19, 1874. J
expressing the needed greenbacks to Washington. The generally admitted now that McEnery and Penn were
call being voluntary, every bank is free to act asr it really chosen Governor and Lieutenant-Governor at that
chooses.
The law demands but a single deposit of five, election; in fact, the Congressional Committee above
referred to use this strong, plain language in their
per cent. This they have made. Any further deposit
is optional with themselves. Still, the banks, in our opin¬ report : <eConsidering all the facts established before your
ion, will further their own interests and advance the cause committee, there seems no escape from the alternative that
of currency reform by complying with Mr. Spinner’s the McEnery government must be recognized by Congress, or
Congress must provide for a re-election.” It; is also a
requisition.
notorious fact that Kellogg’s government has been
There are two objections which, with others, seem to
have some force with the banks.
One of these touches profligate and corrupt in the extreme, and under it taxes
the rights of the Government and the other the rights are becoming so oppressive that State bankruptcy
of the banks.
As to the first, it is argued that Congress appears to be the necessary and only result. We should
ought not to control the business of banking, and that if hesitate to make these statements were the information
evil comes of such meddling we had best let the mischief drawn from any but the best sources; but we think if
alone to work its own cure. On the other side, it is argued one will read the Congressional committee’s evidence
that the banks are over-governed, and should firmly and report, and the speeches of Senator Carpenter—a
resist all encroachments on the part of Government strong supporter of the President—he will find we have
officials, and should keep such officials strictly within the understated the truth.
The taxpayers of the State, smarting under these
limits laid down by the law. The law demands no obe¬
dience to Mr. Spinner’s late circular; therefore, that grievances, first appealed to the courts, and found at
circular ought, we are told, to be resisted or disregarded. length that no relief could be obtained there; then they
Both these objections are illogical. They rest on per¬ went to the President, and were by him referred to Con¬
version of facts as well as on errors of reason. Banking gress; Congress entered upon the subject by appointing
is more free from government control in this country a committee; this committee took evidence until it was
than in England or France.
If the banks of those coun¬ satisfied that a great wrong had been and was being
tries do not rightfully complain of being injured or done the State; Senator Carpenter thereupon made, as
wronged or repressed in this respect, how can our banks we have already stated, two very decided and outspoken
complain of being over-governed. Secondly, the national speeches on the subject, and then Congress simply did
banks of this country are regarded by the law as for cer¬ nothing. Thus baffled in their every effort to obtain,
tain purposes agents of the Treasury.
One of these pur¬ relief, the taxpayers, as there was to be a new election
this fall, finally concluded to patiently suffer till then
poses involves the issue of bank notes. The privilege of
issue connects them with the Treasury, and imposes a and right all their wrongs through the ballot-box.
moral obligation to work harmoniously with the Trea¬ Under such circumstances as these, we can imagine their
sury in all matters touching the management of the note surprise and desperation when they found that a regis¬
issues.
This moral obligation has received tenfold tration law passed by Kellogg’s Legislature, giving him
strength since the Treasury has engaged to redeem the the right to appoint all the supervisors and assistantnational bank notes. Hence, the law of June last, as we supervisors of election in all the parishes of the State,
understand it, fully justifies Mr. Spinner in making a re¬ with full and final power to add or erase names from the
quest to banks such as is explained in the foregoing circu¬ registry—which bill they had supposed dead, it never'
lar. And those institutions that respond the most promptly having been approved,—was actually drawn out of its
and cheerfully will comply, both with the spirit and the hiding-place and signed by Kellogg a short time since.
letter of the laws, under which the privilege of issuing
Now, we do not cite these facts to justify revolution.
r
notes is conferred upon
them.
LOUISIANA AND THE
The
GENERAL GOVERNMENT.
received
to-day from New Orleans relieves
the condition of affairs in that city from all embarrass¬
ment, and enables the general government if it so
desires, to completely disentangle affairs there, working
out a good end from a very unpromising beginning.
As
we write General Emory is in charge of the State gov¬
ernment and property.
For him to retain control until
news
after the State
election, and ensure a fair and honest vote
would, it seems to us, be adopting a very wise policy ;
and, in fact, a course’ of action which a moment’s consid¬
eration will show is the only proper one. Will not the
Government see that this is done ? To rightly under¬
stand and judge of present complications, a few familiar
facts should not be lost sight of.
fe- The Kellogg government, as- it is called, obtained
power by securing the co-operation of the President
Revolution has
That old teaparty in Boston harbor was made up of the worst kind of
rebels until subsequent events canonized them; and we
no
success.
that we doubt whether,
made one of that Boston
party. Still, we must all admit that the conditions in the
Louisiana situation were of a desperate kind. The people
appear to have followed the peace remedy until they had
very nearly exhausted it; and we are free to confess, had
we been asked, we should not have known what medicine
to prescribe under the then existing circumstances, except
continued patient waiting. They, however, adopted the
war remedy; blood was shed; Kellogg ran away, and
the new government entered into peaceable possession,
without apparently any disposition to trespass japon
private rights.
Such we believe are the undisputed facts ; and it is
well for us to remember them all, in considering what
course should now be pursued.
Passion or prejudice has
no place for action here.
In this connection it may be
well to state that so far as the powers at Washington are
concerned, this, in no sense, can be called a rebellion; we
see that word used in some quarters, but it is totally mis¬
applied. Nothing was done to interfere with the working
of any of the branches of the United States Government
love peace and hate war so much
had we lived then, we should have
through a decision in Kellogg’s favor by a Federal
judge. It has since become notorious that the decision
in question was not only without warrant, but was cor¬
ruptly obtained. Furthermore, a Congressional Com¬
mittee of the last Congress inquired into the circum¬
stances attending the election, and concluded that in the State.
The
Kellogg was never duly elected; and we believe it is the Federal courts
justification but
customs dues were
were
collected
as
unmolested; the internal
usual;
revenue
[September 19, 1874.
THE CHRONICLE
284
The result
received no check; in a word, every¬
thing worked quietly and smoothly, so far as the
General Government was concerned, and the justification
for interference rested solely upon the call fo Kellogg for
help to suppress insurrection.
Now, this man Kellogg has become very offensive to
the entire people of the United States ; and under such
circumstances as we have related, is it wise or well
arrangements
as
of
31, 1874
is a total of 4,170,388* bales
United States for the year ending August
'
these figures
the crop of the
Overland and Inter-State movement*
In
presenting our figures of the movement overland for the past
to occupy space in giving the
heretofore furnished in this
year, we do not think it necessary
extensive details which we have
Our readers are so familiar with our plan of procedure
more than results are necessary.
And yet wa cannot
forbear to remark that the work of obtaining accurately the
for the General Government to re-instate him ? The
shipments of cotton by rail is becoming each year increasingly
whole country knows that he was never elected Governor, difficult. It is of course very easy to learn that a certain number
and that he is a dishonest and corrupt man ; the Congres¬ of bales have passed over a certain road, but to make it evident,
sional Committee and the speeches of Senator Carpenter on the one hand that they are not in some cases reshipments
once counted and on the other that the inquiry has been extended
have settled that fully and clearly. The odium of putting
so as to include every bale, lequires, each succeeding September,
such a person back into an office which he never had any
detailed figures from roads not previously found necessary.
A
legal title to, would we should think be more than any moment’s glance at anv recent railroad map, with all its lines
administration would care to assume. " We greatly mis¬ interlocking one another, showing routes to every conceivable
take public opinion if it would not regret to have any point of the compass, can but suggest to any mind the peculiar
such act done.
The people desire to see the South taking difficulties of the situation as it now presents itself. Still the
care of itself.
There is but one anxiety in the North plan we adopted at first of leaving nothing in these annual crop
reports for estimate we propose to follow out# literally, and we
with regard to the government in those States, and that this
year present figures upon which our friends can rest with
is that the blacks should not be oppressed or deprived of the utmost confidence,
report.
that little
which is con¬
stantly increasing in importance, and that is the movement inland
by rail from very many of the outporls, of cotton which has been
once counted as port receipts.
It has not been possible hitherto
to follow these shipments in all cases to their destination.
For
instance, a1 railroad at Charleston takes some cotton for the
North; none of the public returns give its route or even note its
shipment. It may be in this case a very small item; but there is
a tendency for freight to seek railroads.
A road being built and
equipped, business must be done; hence, finally rates of freight
are almost of necessity so adjusted as to permit the rail route to
compete with the water route. It is thus that so considerable an
That point settled, they have little
care who is Governor, but desire above all things that the
will of the people at the ballot box should determine the
question. Such an election it is evident can never take
place with Kellogg as the chief officer, and that election
any
There is,
of their rights.
law in force.
Besides all
this, the forcible re-instating of Kellogg
settles nothing.
lie would undoubtedly manage to have
himself elected at the coming election, and the same old
sore
always ready to break out at any fresh
Nothing but a fair election can serve to
would exist,
opportunity.
really and permanently relieve the situation. Why then
should not this opportunity be used for effecting this good
result, instead of being used for reinstating Kellogg ?
COTTON
Our statement
~
MOVEMENT"AND
of the cotton
crop
overland movement has been in progress
many other points.
It can be readily
has thus left a shipping port must be
CROP OF 1871-74.
of the United States for the
ending September 1, 1874, will be found below. It will be
that the total crop this year reaches 4,170,388 bales, while
the exports are 2,840,981 bales, and
the spinners’ takings
1,305,943 bales, leaving a stock on hand at the close of the year
of 108,152 bales.
The tables which follow show the whole
movement for the twelve months.
The first table indicates the
stock at each port, September 1 of 1874 and 1873, the receipts at
the ports for each of the last two years, and the export move¬
ment for the past year (1873-4) in detail and the totals for
1872-73.
Sept. 1,
1874.
Louisiana.... 1,221,698
299,.778
Alabama.
438,194
So. Carolina..
..
.
625.857
Georgia
Texas
Florida
No. Carolina.
389,045
14,185
57,895
505,876
Sept. 1,
1873.
1,240,384
332.457
374,476
614,039
343,450
Exports, year ending Sept. 1,
1874.
Other
Great
Fran’e
Britain.
for’ign
Total.
Stock.
Sept. 1 Sep. 1
1874.
1873.
633,426 249,980 2613,914 1,147,314 15,959 7,177
3,902 5,802
7,245 40,408 132,367
84,714
166,322 39,667 41,877 247,866 4,150 4,12 3
4,579 1,224
238,786 42,588 148,197 429,571
202,420 22,578 49,385 274,383 4,505 4,889
14,068
5,965
14,375
446,354
25,110
24,461
25,168
800
368
35
61,576
6,346
30,514
835
seen
of
a
feature at
that every bale which
deducted somewhere, or it
will be twice counted; when it first reaches an outport it at once
has become a part of the net receipts, so that wheq it appears
again it will add to the gross arrivals, but nothing to the crop.
This is equally true whether it passes to the North all the way
by railroad or whether it goes via Norfolk or any other port, or
whether it simply enters into Southern consumption.
It has be¬
come a part of the crop at the first outport it appeared.
Of course
there are certain portions of these reshipments which are deducted
in the weekly figures; but in revising the movement for the year
and obtaining the proper returns fcr detecting inaccuracies, we
find some small corrections to be made. As usual we have deducted
at New Orleans (107,138 bales), and at Charleston (3,917 bales), the
rail movement from Mobile, and also for the first time have taken
from Savannah (21,508^ bales), the movement by rail from the
same port; last year’s arrivals at Savannah by rail from Mobile
having been deducted in the overland movement figures. As to
the balance of the reshipments inland from Mobile and all other
out ports (7,549 bales), they will be found deducted below as
seen
Receipts year
ending
the last two years at
Mobile, and the same is becoming more or less
year
PORTS.
however, another disturbing feature
232
‘289
usual.
2,293
56,043
8,000
28,248 6,545
1,944
41,528
1,602
47,746
9,500
7,250
1,387
of the
6,1333
20,721
485,596
25,399
suggested itself, after an examination
and that is whether a
3,787
16,404*
21,209*
Philadelphia.
somewhat different form of making up the crop report might not
65 16,295
17,663*
6,431*
Baltimore
352
352
Portland
5,961*
3,758*
with advantage be adopted.
We think our position would enable
468
14
454
San Fr’ncisco
us
to give quite accurately the crop of each state—that is, to
1,867,936 370,865 602,180 2,840,981 108,152
Tot. this year 8,804,290
90,989 divide up the receipts at each outport among the states where it
1,905,566 252,903 521,517 2,h79,986
Tot. last year
is grown.
These tigures are only the portion of the receipts at these ports which
As an instance of the advantage which would thus
arrive overland from Tennessee, &c. The total receipts at New York, Balti¬
accrue take the Florida cotton for illustration; we are persuaded
more, Boston and Philadelphia for the year ending August 31, 1874, arc given
in a subsequent part of this report.
that very little information exists in the minds of the trade with
the above it will be seen that the total receipts at the Atlan¬ regard to the actual yearly production of that state. We
By
tic and Gulf shipping ports this year have been 3,804,290 bales, have found it of some importance to acquire knowledge on
against 3,651,346 bales last year. If now we add the shipments that point as influencing the question of probable yield in mak¬
from Tennessee and elsewhere direct to manufacturers, we have
ing estimates of our total crop. Much more is grown there each
the following as the crop statement for the two years:
season than it has credit for.
This year, if the system suggested
Year ending Sept. 1
1873-74.
1872-73.
were pursued, there are about 614 bales of Sea Island and very
Receipts at the shipping ports
bales. 3,804,290 3,651,346 nearly 19,000 bales of Upland counted in the Savannah receipts
Add snipments from Tennessee, &c., direct
which thus came by railroad from Florida, and would, in that
to manufacturers
237,572
141,500
case, have been deducted from Savannah and added to Florida; not
Total
4,041,862 - 3,792,846 to mention other cotton Florida is entitled to which also appears
Manufactured South, not included in above
128,526 ^1| elsewhere. There would, however, be an objection to adopting
137,662
Virginia
New York...
Boston
...
200|689*
24,680*
433,583
165,605*
26,^75*
8,728
289
Another idea which has
mass
of returns obtained this year,
••*•••
*
,
,
•
?ot*l.cotton crop tor the year,bale*.,4,170,388
8,930,508
5 the plan growing out of the fact that comparisons with previous
^September 19, 1874]
THE
CHRONICLE.
years would be made with difficulty ajkto some ports, and we
therefore for this year at least continued the old system.
285
have
With these
preliminary explanations we now give our figures
of the overland cotton, first, however, presenting our usual out¬
line map or diagram with the aid of which one can readily trace
Georgia.
Exported from Savannah:
To
foreign ports—Upland..
To foreign ports—Sea Island...
To coastwise ports—Upland....
To coastwise ports—Sea Island.
Burnt
Stock at close of year—Upland.
Stock at close of year—S. Isl’d.
426,099
3,472
222,073
4,489
4^463
116-
Deduct:
Received from Mobile
=
Rec’d from Beaufort&Cha’ston.
Received from Florida—Upland
Received from Florida—S. Isl’d
Stock beginning of year—Upl’d
Stock beginning of year—S.ls’d
Total
product for
873,730
2,165
241,978
6,774
6*8
586—
660,712
21,508
4,851
[625,871
5,(^6
2,390
696
4,882
5,642
688
536—
5:2
36—
34,855
625,857
year.
11,832
614,039
South Carolina.*
Exported from Charleston:
To
foreign ports—Upland
238,438
Exported from Georgetown, Ac
direct to Northern ports...
152,3°8
9,428
To foreign ports—Sea Island...
To coastwise ports—Upland...
To coastwise ports—Sea Isla’d.
7,781
216,195
197,007
3,062
8,821
813
192
942
800
8,678
2,992
Exported from Beaufort to Sav¬
annah
Stock at Charleston
A
B
Q
D
E
F
G
H
I
L
M
year—Upland
Mo.. Kan. & Texas RR. connection.
*• prlngfleld & Ill. (■'omheastern RR
Iilinoi Centra) RR. and branches.
St. Loul* A ?ou heasteru RR, (from
Shaun eetowu and Evansville.)
Ca'ro A Vincennes RR.
Eva i*vi)le * Crawfoi davtlle RK.
Loul-vi! e, New
Albany & Chic. RR.
A K Jeflersonvllle, Madison A Indian¬
apolis RR. and MadLlon B<anch,
Ohio A Mi-8. RK , Louisville Branch.
Ohio «s Miss. RR., main line.
Connection* in Ohio of theJ3altlmore
A Oh.o RR.
O
P
Baltimore A Ohio RR.
Louisville A Nash. RR. and
Branch.
Stock at Charleston close
Memphis
8 Through route Ohio KK. to Norfolk.
Chesapeake A Memphis
T
Orange, Alexandria A Manassas RR.
U Was. lngton route, via Richmond,
Fredericksburg A Potomac Rk.
V
Richmond, Chesapeake A York River
Railroad.
W Southern route from Richmond and
Norfolk.
Short Line
nati.
X
RK., Louisville to Cincin¬
year
from St. Louis
92,196
Carried North over Illinois Central Railroad from
Cairo, Ac
C irried North over Cairo & Vincennes Railroad
Carried over the Mississippi River above St. Louis
Carried North over St. Louis & Southeastern, less deductions
Carried North over Evansville A
Crawfordsville, less reshipments
Carried North over Jeffersonville, Madison &
Indianapolis R.R
Carried North over Ohio &
4.600
18,783
6,148
6,604
27,749
184,097
Mississippi Branch
82,630
Shipped through Cincinnati by Louisville, Cincinnati A Lexington RR.. 81,775
Receipts at Cincinnati by Ohio River
71,501
Shipped to mills adjacent to River and to points above Cincinnati
21,000
Total carried overland
497,083
Deduct—
Receipts overland at New York, Boston, Philadelphia, &c
251,962
Shipments from Mobile and other outports by rail
140,112
Less deducted at New Orleans
Less deducted at Savannah
107,138
3,917
132,568
movement not elsewhere counted
237,572
According to the above the movement direct to manufacturers
this year reaches 237,572 bales.
This is undoubtedly somewhat
larger than it would have been were it not that the Southern
spring floods forcdd some cotton over Northern routes which
would otherwise have passed
through a Southern port. We now
give the details of the crop for the two years:
Louisiana.
Exported from New Orleans:
foreign ports
To coastwise ports.
To
Burnt, Manufactured, Ac*...-.
Stock at close of year
Deduct:
Received from Mobile
Received from Montgomery...
Received from Florida
Received from Texas
Stock, beginning of year
Total
-1873-74-
-1872-73-
1,147,314
201,079
3,113
15,959— 1,367,465
*
1,177,058
228,968
‘479
7,177—
145,767
26,581
6,250-
1,221,698
To coastwise ports
Burnt and manufactured.
Stock at close of year....
Deduct:
Receipts from New Orlea.„, :
Stock at beginning of year....
132,367
172,222
808,571
3,191
5,802—
335,160
5,802-
8,993
Exported from Galveston, Indianola, &c:
To
963-
2,703
332,457
273,404
209,441
919
997
115,046
4,505-
Received from New Orleans...
Stock at beginning of year....
893,934
133,304
4,889-
4,889—
4,889
4,694—
848,631
487
Total product for year
389,045
5,181
343,450
Florida.
Exported from Femandina, St. Marks, Ac:
To
foreign ports
To coastwise ports
FStock at close of year
835
,i.....
Deduct:
Stock at
13,350
-
14,185
14,068
.—
14,068
beginning of year....
Total product for year.
Stock at
Total
821—
15,146
15,824
874,476
Island and 7,361
exported to Am¬
1873-74—
product of
-1872-73
1,632
'232-
58,184
61,819
289-
289
243
57,895
beginning of
year....
61,576
year
Virginia.
Exported from Norfolk, Ac:
To f
foreign ports.
To coastwise ports
Stock end of year at Norfolk Ac
Deduct:
Stock beginning of year
20,721
484,464
2,293—
507,478
7,722
424,791
1,602—
434,115
1,602
582-
532
1,602—
product of year.
505,876
433,583
Tennessee, Ac.
Shipments:
From Memphis.
From Nashville
From other places
in Tennesse
Kentucky, Ac
Stock in Memphis A Nashville
end of year
Deduct:
427,001
97,775
413,136
63,021
205,519
137,593
9,327—
739,622
0,2o3— ’ 620,003
Shipped from Memphis to New
Orleans, Ac
Shipped from Memphis, &c., to
Norfolk, &c
Shipped from Nashville south....
Shipped direct to manufacturers.
Stock Memphis & Nashville be¬
ginning of year.
104,207
96,794
184,620
5,008
135.835
237,572
141,500
9,676
6,253—
487,660
1,885-
382,690
shipments to New York,
Boston, Philadelphia and
Portland
251,962
product for
141,500
489,534
year
237,313
237,572
above.
378,813
from Ten¬
nesse, Ac.*
*
Except the shipments to New Orleans, Norfolk and Charleston, which are
included in the New Orleans, Virginia and South Carolina crop.
Total
product detailed above by States, for the'year end¬
ing September 1, 1874
4,041,862
Consumed in the South, not included
128,526
Total crop
in the United States for the
September 1, 1874
1,740
Texas.
Deduct:
1,131—
Deduct:
173,696
1,240,384
299,578
foreign ports except Mexico.
2,963
6,333
51,619
To coastwise ports
Burnt
Stock at end of year
Below
we
give the total
'
To Mexico
To coastwise ports
Stock at close of year
2,992
97
8,902-
Total product for year
6,677
795
433,194
foreign ports
Total
182.130
197.131
80
5,658
890,300
5,062
year.
Exported from Wilmington, Ac:
To
as
*1,550 bales consumed, and 1,563 bales in scuttled ship “ Ailsa” not recovered.
Alabama*
foreign ports.
1,772
3,513
Add shipments to manufacturers
140,377
30,758
product of
1,131-
North Carolina.
Total
877
694
year—Upland
453,340
♦Included in the Charleston export figures are 133 bales Sea
bales Upland exported to Great Britain and 1,750 bales Upland
sterdam from Port Royal.
7,177— 1,414,080
107,138
product for year
Exported from Mobile:
To
of
Total
259,511
477-
Stock at Charleston beginning
of yhar—Sea Island.
7,549
Total to deduct..
Leaving the direct overland
year—Sea Island.
21,508
Lees deducted at Charleston
of
Deduct:
Received from Florida—Upl’nd
Received from Florida—Sea Is.
Received from Savannah & Mo¬
bile
Stock at Charleston beginning
Total
By examining the above diagram, and with the aid of ex¬
planations made in our previous annual reports, nothing further
will be needed to explain the following statement of the movement
overland for the year ending September 1st, 1874:
Shipments for the
close of
14,185
14,068
Years.
1873-74
1872-73
1871-72
1810-71
1869-70
1868-69
1867-68
1866-67
1805-66
1861-65
‘1860-61
1859-60
1858-59
1857-58
lb56-57
Bales.
4,170,388
3,930,508
2,974,351
4,352,317
3,154,946
2,439,039
2,593,393
2,019,774
2,193,987
no
record
3,656,086
4,669,770
8,851,481
3,113,962
2,939,519
crop
year
ending
4,170,388
each year since 1826
Years.
1855-56
1854-55
1853-54
1852-53
1851-52
1850-51
1849-50
1848-49
1847-48
1846-47
1845-46
1844-45..........
1843-44
1842-43
1841-42
Bales.
3,527,*45
2,847,339
2,930,027
3,262,882
3,015,029
2,355,257
2,01)6,700
V,72*,596
2,347,6:34
1;178,651
2,100,587
2,34,503
2,030,409
2,378,875
1,683,514
Years.
1840-41
1839-40
18 8-39
1837-38
1836-37
1835-36
1834-35
1833-34
1832-33
1831-32
1830-31
1829-30
1828-29
1827-28
1826-27
:
Bales.
1,634,945
2,177,835
1,360,532
1,801.4‘>7
1,422,9:30
1,300,752
1,254,328
1,205,824
1,070,438
987,487
1,033,848
976,845
;
870,415
727,593
957,281
Course of Market and Prices*
As an interesting record we have prepared the following,
show¬
ing the prices for two years at New York and Liverpool, with a
during the year
week
,—Liverpool—,
affecting the market during the yeai 1873-4. 1872-3.
i Week
veginni
d.
d.
eginnmg September 1,1873.
10 %@%
Crop late. Continued injury from eat<
8%
Sept. 6 lower half Gulf and Adautic States.
N. York.
’734. ’72-3.
-
and
“
Weather reports better, but crop late
stock small.
Stock cotton in tT. S. i .
bales and Amerlc’n in Liverpool 257/.HX) bales.
New cotton offering freely on wharf and
12
“
Panic
28
:
on
“
“
Cotton
engaged in taking a census of the cotton spinning
industry of the United States. All the necessary proceedings have
been conducted under our supervision and direction by the secretary
c.
c.
20X
22%
manufacturers’ and planters’ association, an associa¬
prepared the first authentic statistics ever published of
the spinning capacity and actual consumption of our cotton mills.
On account of \tlie great labor and expense involved in tlie
undertaking, their reports, although received with so great favor,
were discontinued some few years since.
The short period during
of the cotton
tion which
9
9%
18%
19
8%
9%
17X
18%
9%@%
18X
19%
o%@%
18X
19%
9%
16%
19%
9%©%
15%
19%
15
19%
9%®%
13%
19%
9%
15%
19%
9x
15%
19%
9%@10
16%
19%
10
16
19%
8%
IPX
16%
19%
8%
io%@%
16%
sox
published
(about tlie 1st of October), was much less than Was imagined by
many ; in fact, our own estimate made in our report of November
22, of 75,000 bales, will probably more than cover the decreased
‘consumption consequent upon tlie panic. Still, tlie year has been
far from a profitable one.
Tlie great depression which has pre¬
vailed since tlie panic has made buyers very slow purchasers, so
8%
10X
16
20%
that stocks of
showed lt’O.OOt
for the week, e@%
10X
16%
20%
16%
20%
16%
20%
16%
20%
15 X
21%
'9% @10
15%
21%
9%
16%
21
9%
16%
20%
9%
10
20%
monetary
steadily and i ecklessly
9
@%
pressed lor sale at the wharves.
Failure of the Spragues of Rhode Island and
their New York House. Some mills shutting
31
10
8%
and ot ers on short time.
Furthei- suspension of work by spinners. Re¬
newed depression in monetary circles. Gold
touched lt>6%. Exehauge almost unsalable.
Nov. 7
©X
up
8%
England advanced its rate to 9 p. c
Monetary aff n s much improved. Gold closed
Foreigu exchange better.
L'9%.
Yellow14
fever
Bank of
“
■
QO X
disappearing,
Receipts f ee. Crop estimates larper. Mone¬
tary affairs further improved and spinners’ OO
21
“
demand increased.
Inci eased
confidence
“
circles.
bank of Ei
in monetary
Ccnton less pressed for sale,
la » With reduced 2 j er cent, to
28
6 per cent,
8 %©%
very large. Large crop ideas oeco
Bank of England down
percent.
Money
Spinners generally resuming work.
.ex
iugmoie general.
easy. Speculative confidence reviving.
Receipts tor the week, 195,9<5 hales, which
19
de¬
pressed the market.
published (Dec. 20) estimate of
crop—its total estimate being, 4,165,1)00 bales.
Cotton Exchange closed ,5th and 2Uth.
Curoniolk
“
24
Count of stock at Liverpool
Our receipts
bales excess.
Jan. 2
176,215 bales.
-
Week’s receipts at the ports 142,255 bales. Bank
10%©%
8%
of England rate reduced to 4 per cent.
Market fluctuating under the influence of
9X
ex
16
daily receipts ; week’s total, i54,-.-81 bales.
Receipts for the week, 153,574 bales, and small 8©%
9X
28
crop estimates generally abandoned.
Receipts 17",652 bales. Large crop estimates 7%©%
10X
becoming popular.
80
“
9
4i
“
«
Reports pr<-valeut that “ the large receipts at.
New Orleans are to a greater extent than last
7%
stocks on Tributary
840,8M6 bales,
against 503,088 ba:es. Week’s receipts, luu,t>il
Feb. 6
year
at the expense ot
Rivers.”
Stocks of cotton in U. S. ports,
13
bale?.
Heavy stocks and free
20
depress the market.
“
8
receipts continued to 7%©8
receipts irregular, but the week’s total
was such as to encourage the laiger crop
Da )y
“
27
Dally receipts continue Irregular.
Week’s
total at interior ports, 622 bales less than last w
9%©%
16%
20%
7%©8
9X
16%
19%
ex
9X
16%
19%
9X@X
16%
19%
9X@X
17
19%
9X
17
19%
9X@X
17%
19%
9X
17%
19%
year.
Receipts at the outports and also at tie
interior ports being less than a year ago. en¬
13
courages \ he belief m smaller crop cstlma-i es.
Recelpta falling oil' and continue to be less
20
than same week last year.
“
Vi
Bills
passed the Sen.ate and House of Repre¬
sent
27
the rains.
Receipts small.
No le -up to
“
24
May 1
Rivers all overflowed.
Less ram
Rivers subsiding
frost, maki g replanting
necessary.
8%
slightly. Killing
in sonic disirieis 8%@%
Receipts small. Stocks lee8 than last year. s%©%
May 8 Mississippi flood subsiding slowly.
and fin'd
p.anting must' Be
Reports received i'rqm the Soutn.
many
“
15
“
22
“
29
June5
“
12
“
19
“
26
July 3
believers,’that
•»
10
“
OO *
•
complaints or too many showers in the lower
butaomo anxiety on account of continued
w.et \yeai her in the lower portiou of the At¬
lantic States.
Weather everywhere favorable, except the
drought in portions of the districts tributary
-
4i
“
“
14
21
Memptls and Nashville.
Rains needed in the uplands of all the State -.
to
Very hot and dry.
New cotton
from Texas, Mississippi, Alabama,
ex
18%
19%
ex
18%
19%
ex
18%
19%
8X
18%
19%
accumulated, in some cases
being finally forced to sale and disposed of at a very consider¬
able sacrifice.
Better times are now looked forward to. Tlie
country is gradually throwing off the stupor which naturally
followed the disasters of September, and new life, new spirit and
enterprise are likely soon to follow. With regard to the
stock of cotton now held by the mills we can only give an ap¬
proximate statement.- Out mill returns are brought down only to
July 1, 1874, being for the year ending on that day ; and the
totals for all tlie Northern States, as made up from these returns
are as follows.
We do not give the details of each State, because
later information may make some slight changes necessary before
the first of October, when we shall publish the full report:
Cotton Used.
goods have largely
new
,
' 20%
8x@9
17%
21
8X
1*%
.21
ex
17%
21
ex
ex
17%
20%
8%©%
8%
17%
21
8%
17
21
8X
ex
Florida e %®%
Showers almost every w here. Hot, dry weather
28
has prevented injury Jrom caterpiqars.
Looms.
Total...
S',927,754
that, according to these
consumption of tlie Northern mills
about 21,000 bales per week.
Now,
Bales.
Pounds.
Spindles.
176,480
No. Mills.
660
Aggregate.
1,094,387
507,790,099
figures, the actual year’s
has been 1,094,387 bales, or
if we admit that this is tlie
the year ending September 1, 1874—
not believing is about tlie fact—what¬
ever tlie takings have exceeded this total must have gone to in¬
creased stock, or been otherwise used, that is, in some other way
than by spinners.
Wliat then have been the takings of Northern
average consumption for
which we see no reason for
mills ?
This
we can
determine as follows:
stated....
Total crop of United States as above
Stock on hand commencement of year (Sept. 1, 1873)—
At Northern ports..
—
At Southern ports
25,106—
’
At Providence, &c., Northern interior markets,
65,883
ex
Total
At Northern ports
At Southern ports
bales. 4,170,388
90,984
13,793— 104,782
8X
17
17%
interior markets.
17
19%
ex
16%
20%
—ta
7° 53°
108,152
16,643—2,969,227
1,305,943
128,526
bales. 1,177,417
by Northern spinners
foregoing statement indicates that the mills North and
South have taken from the crop 1,305,943 bales, and that of this
the Northern mills- have had 1,177,417 bales, which would
show an increase of tlieir stocks during tlie year of about 85,()00
This is not strictly the fact, however, as there is cotton
bales.
used in tlie North outside of mills, though the amount is not
Total takings
The
The actual consumption
large.
as
Taken by
Taken by
follows:
Total
1869-70.
1870-71.
187J-72. 1872-73.
1873-74.
977,540 1,063,465 1,177,417
120,000 187,662 128,526
1,100,196 1,097,540 1,201,127 1,305,943
80,750
......
85,000
50,000 ......
• ■ • 40,000
1,019,446 1,137,540 1,251,127 1,220,943
actual [consumption this year
bales.806,860 1,008,956
Southern mills.....:'
90,000 91,240
consumption of
30,184 bales.
896,860
33,876
mills...!.930,736
These totals show a
of
of the mills would be stated
Northern mills
Reduction of mill stock during year.
20
8X
4.260
2,000
year ending Sept. 1, 1874
included in above total.
Total takings from crop
Added to mill stock during year
8X
2,840,981
2^09—2,838,172
Total taken by spinners in United States
Taken by Spinners in Southern States
20%
so
4,275,170
1,1874
85^620—
Providence, &c., Northern
about
ex
supply during year ending Sept.
supply there has been
Exported to foreign ports during the year
Less foreign ituuuded
Sent to Canada by railroad direct from West.
Burnt North and South
Stock on hand end of year (Sept. 1, 1874):
Of this
At
18
repoited
Georgia..Tennessee.
Notwithstanding d ought in Tennessee and
some other district, crop reports are inter¬
preted favorably.
19%
ex @9
crop progressing very favorably.
Showeisleas fiequent, but caterpillars report¬
ed lutz,e wet district, aud fears of their in¬
8%@%
crease unless weather becomes dry.
24
Crop more lavorable. No rain in Gulf states,
Aug. 7
17%
favorable, except
portion of the Gulf and At,ant e Sta'es.
Showers continue (more than needed) in lower
halt of Gull aud Atlautic State.-, otherwise
31
19%
@X
:
everywhere favorable.
17
“
17%
ex
9
when our full returns are
.
GO
necessarily small on account of ti.e rains
aud floods and frosts.
Accounts fiom the crop better, though many
complaints of the general backwardness ot
the plain.
Crop accounts Improving.
Rain wanted in S%
some sections.
Bombay movement heavy
Chuoniclk
weather reports increasingly
favorabie. ’1 imely showers at poin.s where 8%©%
they were much needed.
Our crop reports favorab e. Stock at U. S.
ports, 273,3'1 bales, against 22i,5J3 bales 8%@%
same time last year.
OUr weather reports Very favorable. Agricul¬
8%
tural Bureau acreage report published.
Currency bill signed by the President. Gold
advanced audsu sequeutly lost the advance.
8%
Chronicle weather reportB favorable.
Acreage report of Chronicle published June
27. our weather reports continue almost
8%
Our weather reports very
“
This, it will be seen,
fall.
We here see
atives fixing greenback circulation at 8%@%
f 4(W,M0iV 00.
Stocks ltlTJ. S. reduced to 605,887 bales, against
8%
Apr. 3 518,125 bales. Gold closed 11 %.
Rains in lhe South interiere with faim work.
Reports oi a considerable decreased Rant¬
8%
“
10
ing from the South quite generally believed
Continued reports ot excessive laniE-pjau 8%
“
17
lug Very backward. Receipts small.
“
they were published served at least to
In the interest, therefore, of the cotton
estimates.
Mch.C
“
show their neces¬
sity.
trade we haveb:en
led to take upon ourselves this additional work, and the results
are proving so satisfactory that we do not think our readers will
Tlie final complete report will
like to see them discontinued.
not be ready until after the first of October ; but sufficient re¬
turns have now been obtained to give a good indication of the
resillt in the entire country, and the full details of the
One point, which was in doubt, our inquiries
Southern Mills.
will be found to shed much light upon ; we refer to the ac¬
tual stoppage of mills during the financial troubles of last
which
to 5
?» 12
“
b
©*
Receipts
Dec. B
South.
have during the past two
we
21%
Wall Street and general
tic exchange.
24
that
20 x
3%@9
delay the movement of crop.
General business stagnation, lellow fever &
ffnancial d sturbauce checking movement ol 9%@%
10
C< op.
Gold closes 1U3XGold lower, touching 107Y* Exchange almost
9%
unsalable
Spinners running short time,
17
goods be ng unsalable.
Continued dei angements in foreign and domes¬
“
aware
9%
disturbance North and south.
Financial disturbances at N.Y. Ie98 depressing
Monetary derangements in youth expected
Oct. 8
to
“
are
9
19
new.
Our readers
months been
Facts
“
Consumption North and
market each
affecting the New York
ending September *i, 1874:
statement of tlie many facts
[September i d, 187^,
CH110N1CLE.
THE
288
decrease. in
'a
-
*
September 19, 1874^
;
297
Q—
:
.
%
Southern Consumption.
There is
subject which, in
industrial point of view, is of
more interest to the country at
large than the successful develop¬
ment of cotton spinning in the South since the war.
It has
no
an
ports which applied to the total exports from the points named,
gives us the following result.
For the cotton carried "overland
the
passed far beyond the point of experiment, having permanently
established itself
amidst all the adverse circumstances those
States have, during the same time, struggled against. We do
not mean that every venture of the kind has
prospered;
and yet this is true to a very Remarkable extent, while
many have
secured unusual
profits and proved beyond controversy that,
with ordinary skill and business
management, capital may find in
this Southern industry safe and
decidedly remunerative invest¬
ment.
During the past year the financial derangements conse¬
quent upon our September panic have resulted in a small decreased
consumption, the average week’s run being only 47*02, Missis¬
sippi and South Carolina returning only about 39 weeks ; very
possibly, in addition to this, there was also some shortening of
time in all the States during a portion of the weeks when not
closed. Altogether, it appears that the actual
consumption of the
South for the year was 128,526 bales of 464
pounds each.
We estimate the falling off (caused as above
stated) at from 7 to
8 per cent, or say 9,674 bales ; thus, if it had not been for the
panic
and its consequent evils, these mills would
probably have used
about 138,000 bales of cotton of 464 pounds each, or a total of
64,000,000 pounds, against last year’s total, as stated in pounds,
of 60,572,220.
With these explanations we give the following
full statement of the results of our labor in
obtaining the leading
statistical facts of Southern manufactures during the past
year:
Statement
of the number and capacity of cotton mills in the Southern States,
consumption of cotton, year ended June 30, 1874.
and the
AS?
Number Number
mils. loms.
of
States.
*>
30
2
g,
k
yarn
of
16
2
42
Arkansas...
Georgia....
Kentucky..
4
Louisiana..
8
11
Mississippi.
Missouri...
N. Carolina
S. Carolina
4
30
18
42
4
11
Tennessee.
Texas
Virginia....
187
la
•
•
«
:
•
••
.
of
S'
Jg«
■e«So
go§
s
?8|
3
**.
s
weeks.
»
ton
:
:
:
If
pounds.
o
o
pounds.
\Quantiy
used
of
cot42 5
g
57.594
28
1,256
137,330
10,500
15,000
15,150
18,656
2,934
42
300
348
3»2
1,055
1,238
1,014
55,498
230
1,564
10,225
56,490
10,495
487,629
62,872
47,058
10-50
12
12-71
6-26
12
11-33
10-75
12-08
1336
12-32
12
16
48-37
51
47-77
6,490,079
136,000
18,522,899
1,878,020
1,294,560
1,138,894
3,481,573
6,832,673
7,134,558
6,272,458
1,278,125
5,334,025
47-02
12-5
47-02
47-57
112-83
121-69
133-57
178-86
86-31
75-17
183-25
123-10
113-25
138-38
127-80
95-23
122-53
59,798,774
4924
47-02
3929
49-66
46-52
39*67
51-10
13,772
293
39,920
4,047
2,790
2,545
7,288
14,726
15,376
13,518
2,755
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
*
Texas
Virginia
Total
South Carolina
Virginia
North Carolina
Tennessee
Sea Island
are
set out below :*
•
Florida.
Receipts at
Receipts at
Receipts at
Receipts at
Shipments
Savannah
Charleston
New York
New Orleans
to Liverpool
Florida direct
-1873 74.
bales
31
29
from
of Florida.
8,825
10,764
Georgia.
Receipts at Savannah
leston..,
7,536
9,439
5,642
1,284
.
Received from Charleston
Received from Beaufort
304
942—
444
800-
0,128
of Georgia
1,408 1,408
South Carolina.
11,703
Receipts at Port Royal
133
Receipts at Savannah fromBeaufort
942-12,778
1,269
17,418
.
8,759
of S. Carolina
give also
bution of
1,284— 5,062
8,759
13,156
920
1,100
19,912
of the U. S.
28,289
an
year
tember
Stock
17,213,790
18,522,899
1,878,020
1,294,560
1,138,804
3,481,578
6,832,673
7,134,558
6,272,458
ending Sep¬
How distributed
1, 1874.
Net
Crop.
Pounds.
Chariest n
Savannah
Florida...
Galveston
3,778
approximate statement of the general distri¬
Sea Island cotton for the
year as follows :
Supply
of
1,131
Total
Stock
Supply. Sept. 1,
1874.
8,759
1,408
8,825
9,890
1,944
8,825
920
Cna’m’d
and
expor’d
920
477
116
Of which
Great
Britain.
exported to
Havre.
Total
exportd
9,413
1,828
8,825
8,650
920
713
14
*‘9
718
23
2,147
536
N.Orleans
471
2,618
New York
Boston.
Baltimore
2,843
778
.629
35
9,428
8,472
.
■„
35
668
668
1,916
1,916
..
Total
.
Texas.
Receipts at Galveston
Total Sea Island crop
.
800-18,218
4,019
Total S. Isl’nd crop
8,170
.
,
Deduct:
Received from Florida direct..
3,593
Received from Savannah and
from Florida via Savannah
426—
We
1872-78.
5,642
5,062
19
23
Deduct:
Received from Florida
4,882
Received from Florida for Char¬
_
t——
\
4,882
8,866
85
Total Sea Island crop
10,921,176
1,584,625
748,525
580,764
2,196,600
4,238.276
4,756,823
2,872,582
1,077,118
4,255,383
r Weight of Bales.
•*-
r
6,490,079
of the South.
Crop and Consumption.
of Sea Island the past year has been as follows:
Florida, 8,825 bales; Georgia, 1,408 bales; South Carolina, 8,759
hales ; Texas, 920 bales—total 19,912 bales, the particulars of
6,635,660
128,990
1,667
19,912
21,579
593
20,986
16,986
1,887
18,873
t
1,278,125
From the
5,334,025
69,793,774 is,
panic, and the consequent evils producing the falling off on an
average of from 7 to 8 per cent, in consumption, there woulc
have been a fair increase in the use of ootton by the manufactur¬
469
464
The crop
1873.
that if it had not been for the
479
462
494
469
468
461
447
474
According to this statement it will be seen that the total gross
weight of this crop reaches 1,956,743,297 pounds, and that the
average weight of the hales is 469 pounds.
1874
us
1,956,742,297
1,824,920,023
299,578
625,857
438,194
505,876
57,895
Georgia
1873. •
Pounds.
60,572,220
4,170,388
3,930,508
1,221,698
Total crop 1873-74
Total crop 1872-3.
Average
weight.
pounds.
186,352,535
504,424,476
147,991,532
204,126,983
205,074,792
233,2 8,836
25,879,063
299,684,130
389,045
Louisiana
Alabama
Sept. 1,
1,227,690
1,375,460
4,449,390
6,408,160
7,344,080
5,497,280
1,814,490
6,702,680
Weight,
632,245
Texas
Chronicle
36,547,796
consumption
The above statement shows
ers
Number
bales.
.
Chronicle
1,744,600
469
Crop of
Receipts at Charleston
136,000
1,288,748,171
9,552,260
Now, if we apply the foregoing to the total crop of each State,
as given
previously, we reach the following result:
3,249,523
66,400
Arkansas
Florida
232,039,116
Tennesse, &c......
1870.
Pounds.
Alabama
116,001,188
2,9:10,951
Norfolk
Census
Statet.
Weight
131,429,578
530,059,188
65,401,211
201,468,679
479
462
494
469
468
447
461
474
Wilmington
Ports
following results:
Average
Pounds.
2,748,089
Charleston
128,526
"
\
247,866
6,333
20,721
489,534
New Orleans
Mobile
* Savannah
111496
year’s returns from tlie mills we erroneously reduced
to bales, on the basis of net 440 pounds each; hence,
except
jn pounds, the present report, which is in gross bales of 46^;
pounds each, furnishes no correct comparison In publishing our
last figures we stated that " a first effort like this must of course
"give a less perfect result than the same work in future years
will produce.” We have been surprised, however, to find,
after the searching inquiries which have now been made, anc
the preparation this year of the report by persons experienced in
all the details of manufacture, so strong a confirmation of our
figures as the work now published exhibits. Compared in pounds
with corrected returns of last year and with the census, we have
given by
as
Weight
Bales.
274,383
1,147,314
132,367
429,571
Total Sea Island crop
Our last
the
Exported from
j
1,360
Number of
Galveston
which
<©
Oo
CO
:
:
size
j
Alabama...
Averag
k
S'3
•t-Cb
Tennessee, &c., we adopt the average weight
Memphis Cotton Exchange:
JTom
as
foregoing we see that the Sea Island crop this year
stated above, 19,912 bales, and with the stock at the begin¬
ning of the year 1,667 bales,
The total supply has been, bales.
The stock at the end of the year,
Sept. 1, 1874,
was
Making the total distributed
Of which exported to foreign
ports.
21,579
- 593
20,986
18,873
Leaving consumed (or otherwise to be accounted for) in
the United States.
.'
2,113"
seeking to obtain correct data of the weight of bales com¬
If the above export figures aie correct, our spinners have con¬
posing this crop, we have adopted the same plan which we have
used in previous years—that is, returns from the Custom Houses sumed of Sea Island cotton this year 2,113 bales, less whatever,
as to the weight of exports.
A Statement to us from each Cus¬ (if any) stock there may be remaining in our Northern ports in
tom House establishes the following average weight
of the ex* excess of last year.
'
' : *'"*
In
,
*
EURIIPE1N CUT TON CONSUMPTION.
tbe Interior Ports.
movements of Cotton at
the
each
Below we give the total receipts and shipments of cotton at
interior ports, and the stock on the first of September of
Year
Year
ending Sept. 1, 18.3.
ending Sept. 1,
Dear Sir: Instead of the
correspondents in the Chronicle of Aug. 20, page 203, (you
to have only those who labor in one direction), to prove that
there is an over-supply of cotton and short consumption, I would
suggest the simple rule of three, as giving a better solution to
your
1874.
seem
Receipts. Shipments. Stock. Receipts. Shipments Stock.
5,488
429,327
li1,547
195,741
61,396
71,860
34,766
59,604
427,001
160,591
11,498
958,319
951,019
18,798
76,291
480
77,903
80,635
51,795
25
53,750
103,767
78,213
53,-'58
102,389
170
517
2,529
194,034
6,114
180,890
58,072
64,425
62,645
46,991
414,C55
66,464
Memphis
Nashville
1,177
1,399
1,489
200,011
61,229
72,274
33,919
226
60,006
413,136
63,921
3,505
2,540
886,647
30,635
Montgomery
Selma
1,212
57,053
63,026
61,645
47,009
76,580
M aeon
180.:: 7
894,442
Augusta
Columbus
Total, old ports...
Shreveport
Atlanta
St Louis
1,010
1,813
568
in
5,831
3,496
59,709
137,575
134,8.8
304,499
293,619
5,990
431,315
427,894
1,198.941
1,180,266
17,407
1,389,634
1,378,913
12 5-16 per cent.
The excess in
supply this year over last having gone out of
sight, it is much more rational to suppose low prices have stimu¬
lated consumption to that extent than to labor to prove, upon
imaginary premises, that it is held in “ invisible supply.” Low
prices lead to the extensive use of cotton outside of cotton mills.
It almost amounts to an axiom among “cotton men” that he
must he a fool who cannot argue equally well on either side of
the cotton question.
Begging you will excuse me for expressing my sentiments, I
must confess having a suspicion that your correspondents’ efforts
are intended more to mold public opinion, so as to promote their
own interest, rathpr than to establish any fact.
E. J. M.
Savannah, September 3. 1874.
9,330
28,128
Total, new ports..
Total, all
problem. Presuming the ratio of consumption is increased
proportion to the decrease in price, let them work out this
sum, viz.: If a given quantity of cotton is consumed at 9£d., the
average price last year in Liverpool, how much will be consumed
at 8£d., the average of this year?
The difference is equal to
the
592
1,151
4,253
Cincinnati
1
195,895
shipments in the above statement include amounts taken
interior ports for home consumption.
dross Receipt* at New lork, Boston, See,
The following are the receipts of cotton at the ports named/
The
from these
*
Baltimore.
Philadelphia.
Boston.
New York.
1873-74 1872-73
1873-74 1872-73 1873-74 1872-73 1873-74 1872-73
Savannah
Mobile*
17
23,849
171,0°3
16,156 20,260
132
8,282
89,461 16,193
88,943
26,875 16,404
1,494
South Carolina 142,743
North Carolina 24,647
56,901
18,593
39,016
12,033
Florida
..
.
29,897
233,591 85,601
14,191 106.261
165,605 24,780
251,847
13,006
Northern ports
Tennessee, &c. 200,689
3,209
Foreign
Virginia
13,083
....
8,228
17,645
11,247
4,609
20,011
63,327
42,540
Cateat fllonetarn anti
21,209
6,431
17,633
RATES OK EXCHANGE AT LONDON, AND
AT LATEST DATES.
21.593
* There have been shipments for New York,
Mobile, which do not appear in this statement,
overland.
21,619
591
5
105
1
975,750 1,005,680 350,389 348,256 83,126
Total
12,347
17,521
20,011
....
146
62
1,390
5,002
1,846
4,437
2,876
14,674
33,415
14,'*71
42,285
19,265
139,232
67,392
170,112
142,648
49,929
141,803
5,212
New Orleans*.
of the Commercial and Financial Chronicle :
labored statistical speculations of
To the Editor
year :
'
[September 19,1874.
THE CHRONICLE
288
EXCHANGE at LONDON—
SEPTEMBER 4.
113,157 107,367
94,386
&c., from New Orleans and
having been made by railroad,
BATS.
TIMS.
-
DATE.
'
Exports.
be found the foreign
exports the past year from each port to Great Britain, France and
other ports stated separately, as well as the totals to all the ports.
In the following we give the total foreign exports for six years
given in this report will
In the first table
for
comparison:
of Colton to Foreign Ports for Six Year*.
31.—,
,—Export to foreign ports for year ending Aug 1874.
Total Exports
.
619,534 1,005,530 1,302,535
163,154 200,838 287,074
375,650
97,109
56,SO)
167,537 265,631 464,1369
152,559 221,242
83,376
.bales.
Mobile
South Carolina...
Georgia
1
Texas
50
Virginia
New York
Boston
1,677
Portland, Maine..
San Francisco...
1,380
37,567
2,1(6
14,311
Below
each port,
taken:
132,367
247,666
429,571
274,383
835
6,31313
2,178,917 3,166,742 1,957,314
....
a
Cha’s- Savan¬ New Baltr- Other
York. more p’rts*
nah.
+ton.
Gal¬
Mo¬
bile.
Orleans.
veston
...
3.2
468
from
have
Total.
30,436
16,402
Cork, &c..
8,493
7,245 22,578
.
249,393
Havre
3,923
587
Hamburg....
Antwerp.....
Amsterdam.
Rotterdam..
Reval, &c. .
Cronstadt...
Narva
71,9713
23,527
9,220
11,14ft
3,368
46,192
22,654
8,190
3,870
12,215
^
39,667 42,588
.
.
....
.
65
7,027
1,701
Marseilles...
Rouen
Bremen
....
....
....
....
....
14
....
....
66,846
8,493
368,577
1,701
587
....
....
15,040
7,226
3,134
1,600
‘
....
450
10,353
....
12,883
57,767
20,56i
14,887
4,(43
2,6(5
8,055
2,375
2,020
2,750
3,000
3,787
493
5.140
2,500
3,185
499
909
2,( 80
173
37,053
9,858
368
492
5,332
....
....
....
200,705
30,604
16,105
33,852
9,775
101,618
35,754
14,375
Gottenburg,
Gefle. Malmo,
No. of
&c....
Eur’pe
Barcelona&c
Malaga
San Sebast’n
&c
Gibraltar
Genoa, Na¬
..
3,200
2,000
35,200
8,061
4,559
S,718
1,574
8,345
1,330
5,581
13,939
15,193
....
•
•
•
•
....
•
•
•
•
....
1,356
25
....
....
800
@25.25
@11.25
S.26#@ 6.27
120* a 181 *
11.2)
..
4b#@?fe*
52#@52#
27.95 @28.05
14,875
5,581
69,691
8,061
4,074
1,599
22,743
27.95
@28.05
tt
27.95
@28.05
.
....
Ayres..
Valparaiso. ...
Buenos
Pernambuco
Montevideo...
Bombay
Calcutta
Hong Kong...
•
....
•
•
•
•
•
•
•
•
•
•
t«
tt
3 mos.
short.
ti
....
....
Sept. 4.
10.95
6.23
3 mos.
tt
tt
14
•
•
short,
119#
44
3 mos.
33 9-32
•
•
•
...
.
•
•
•
•
•
•
•
*•
•
•
.
.
• •
•
•
•
•
•
•
•
....
t»
tl
44
5s. Id.
•••
....
••
4^.0# d.
....
\
•
•
•
•
25#
tl
4S#
«...
....
25#
Aug. 9. 60 days
July 29.
Sept. 3.
Aug. 31.
Sept. 3.
Aug. 29.
Aug. 29.
50#©'L
Is. 10 ytd.
1*. 1C #(/.
4s. 1 %d.
5s. 9 ^ dw
It
44
....
•
•
$4 86V per £
25#@25#
44
ls.9*rf@1s. 1 od
is.9*d@ls. 10 d
4s,0>$ d.
60 days.
•
•
Sept. 4. 60 days.
....
•
•
•
—
•
•
8.
Aug. 7.
Aug. 14.
..
Penang
Singapore ....
Alexandria....
11.90
25.20
20 30
25.19
short.
tt
Aug.
,
.
Sept. 4.
32 #@32*
th
1,807,584
607,992 84,114 193,927 162,399 219,134 446,354 25,168 67,896
16,463
7,437
9,026
F'lmo’uth &c
Queenstown
,
Genoa
Naolea
New Vork
Rio de Janeiro
Bahia
2,679,986 2,840,981
detailed statement of the year’s exports
showing the direction which these shipments
give
20.66
25.40
25.15
....
20,721
485,596
25,399
28,248
41,528
324
ti
Paris
short.
Paris
3 months.
Vienna
44
Berlin
It
Frankfort
It
St. Petersburg
Cadiz
90 days.
Lisbon
3 mouths.
Milan
Shanghai
New
To—
143
12
475
Total fromUn. States.. 1,448,020
Fleetwood
373,071
13,128
32,162
19,212
1,907
Baltimore
3,807
667,958
3,005
99
Philadelphia
Liverpool
5,417
1,147,314
1,632
7,722
573,498
11,128
6,792
20,943
2,257
70
9,660
413,701
6,253
327,838
1,491
'
888,976 1,177,058
132,13)
137,"77
160,169
111,388
375,895
295,798
116,597 210,438
810
Florida
North Carolina..
we
1 73.
1872.
1871.
18.0.
1869.
From
New Orleans
Hamburg
RATS.
TIMS.
!
@11.19
@25.45
@20.7?
@25.47#
11.18
short.
Amsterdam...
3 months. 25.40
Antwerp
it
ON LONbON
EXCHANGE ON LONDON.
LATEST
ON
iVeius
€ainmercial
50*
....
....
...
Z—
[From our own correspondent.]
London, Saturday,
—
Sept. 5,1874.
Considering that so many members of the community are now
recruiting for another season, business has
absent from town
been
quite active in the stock markets, and other departments
animation than is usual at this period of
have also shown more
The bountiful harvest here and abroad, together with
fall in the price of wheat, leads to the belief that our
autumn trade will be good, more especially as the money market
is abundantly supplied, and the rates of discount are low. Those
individuals, therefore, who are desirous of acquiring wealth have
not been remiss in the Stock Exchange during the week, most
classes of securities having been largely dealt in at higher
the year.
the heavy
quotations. In fact business has been duite buoyant, and the
latest upward movement in prices has been produced not only by
speculative purchases, but also by bona fide investments. The
traffic receipts cn our leading lines of railway show a consider¬
able increase even over the large “ takes” of last year, and
though tbe dividends for
last half-year were, in many cases,
dis¬
appointing, the working expenses having been so great, the
‘288
Br. N. A. Pr.
1,029 prospect for this half-year is more hopeful, as the price of iron
+979
50
Mexico
1
i
Azores
and coal, more especially of the former, is much less, while at
274,383 247,866 429,571 485,596 41,528! 82,85. 2,840,981 the same time, still larger traffics are expected as a result of the
Total.... 1,147,314 132,367
more active trade, which is looked forwaidto.
British railway
Other ports includes 2 ,11“ bales to Liverpool, 288 to British Provinces, and
1 to Azores from Boston; 24,461 bales to Liverpool and 3,787 to Antwerp from
shares have, in consequence, been largely in request, and have
Philadelphia; 5,965 bales to Liverpool and 368 to Bremen from Wilmington;
11,519 bales to Liverpool, 2,R56 to Cork, 1,014 to St. George’s Channel and 5,332 improved in value to an important extent.
For notwithstanding
to Amsterdam from Norfolk; 800 bales to Barcelona from Pensacola; 35 bales to
last half-year’s disappointment with regard to the dividend, they
Liverpool from Fernandina; 352 bales to Liverpool from Portland, Maine; and
454 bales to Liverpool and 14 to France from San Francisco,
are still looked upon as a safe, remunerative and improving in¬
ples, Ac...
16,841
2,219
1,036
2,647
’•
••
.
.
.
....
....
•
•
....
....
....
....
,
....
....
288
....
....
....
*
Exported from Eagle Pass.
^Includes shipments of 7,494 bales to Liverpool and
t
Port
Royal.
1,750 to Amsterdam from
vestment.
September 19, 1674 J
THE CHRONICLE
Another feature in the Stock Exchange during the last few
days has been the active demand which has arisen for American
railroad first mortgage bonds. Throughout the week the demand
has been very active, and it is stated that the absorption of them
289
1870-71
J
84.137.87
h
12,1) .6,971
7.8 *9.0.1
12.790,0K)
10.946,414
10,283,622
1,441.193
1.110.434
991,617
2,777,482
8.271,893
21.636.130
5,547,942
Oats
1871-78.
8 >,347,811
18, *09.4 ?4
1873 74.
cwt. 43.0 7.031
22.733.061
2.167 566
18,15*, *81
1872-73.
45,^80,586
11.0(9.565
in Scotland and in Ireland has been very
considerable. Aided by
speculation, the rise established in their value has been im*
portant, but latterly, there has. been some reaction, owing to the
sales which have been effected with l view to secure the large
profits which have in many cases accrued. Erie shares have
been very largely dealt in, and have realized as much as 33^,
while the second issue of Consolidated Mortgage bonds, which
from an almost entire absence of business doing in them tell
last month to 58, have been during the present week as high as
67^. There has, however, been a decline to 65, but this was to
have been expected after so rapid an improvement.
The following are the closing prices this afternoon of consols
and the principal American securities :
Bank
Bank
Open
rate, market,
percent, percent.
Paris
4
3X
Amsterdam
Hamburg
8*
8%
2#
2X
8# 2#
Turin, Florence
5
5
6
6
7
Berlin
Frankfort
Vienna and Trieste....
7
4
Madrid, Cadiz and Bar¬
celona
Lisbon and Oporto
Annexed is
Rome
Leipzig
5
1 New York.
been
statement
showing the present position of the Bank
Bank rate of discount, the price of Consols
quotation for English wheat, the price of Middling
a
the average
Upland cotton,
of No. 40 Mule yarn fair second qualit},
Clearing House return, compared with the
and
the ' Bankers'
four
previous
years :
1870.
Circulation, including
bank
£
1871.
1872.
1873.
1874.
£
.
£
£
£
25.631.434
post bills
24.276.792
26,903,190 26,778.545 27,231.683
Public deposits
5,421.9-35
7,896.805
6,110,544
6.275,541
4.625>6
Other deposits
19.315,451 21,202,265 19.331,700 21,315.520 19,002,556
Government securities. 12,483 861
13.768.363 18,356,411
13.300.36S 13.566 376
Other securities
19,442,033 16.860,092 20,930,994 20,856,lo9 17,597,576
Reserve
of notes and
12,529 834
14,727,040
11,708,475
12,760,233
11.166,302
both departments.... 20.996,669
Bank-rate
3^ p. c.
Consols....
at^d.
24,816,585
2 p. c.
93Xd.
23.149,260
3% p. c.
9*Xd
24,067.463
22,983.677
49s. Id.
9Xd.
57s. 2d.
9,*$d.
59s. 6d.
62s. 5d.
8%d.
coin
Coin
and bullion
in
English wheat
Mid. Upland cotton
No.40 mule yarn fair 2d
quality
..
Clearing House return.
*
lCd.
3^
3
p. c-
p. c
92&d.
54s. 6d.
*8X<L
»2J*d.
Is. 2*d.
la.l^d.
Price August 27.
Bar Gold
Bai Gold, fine
Bar Gold, reflnable
per oz.
per oz
per oz.
standard.
standard,
standard.
Spanish Doubloons
.-*..
..
per oz
peroz..
5
grs.
per oz..none
per oz.. none
d.
here.
lUft 4
shown in the following summary:
with
The bullion in the Bank
11X
The trade for wheat has continued slow, but farmers show less
disposition to sell, and hence rather more steadiness is apparent.
Millers, however, purchase only from hand to mouth, and hence the
week ago.
a
of
England has increased £121,000
during the week.
„
trade is
altogether wanting in activity. It is probable that as bar¬
ley, oats, beans and peas are selling at very satisfactory prices^
farmers will realize these before parting with any considerable
supplies of wheaj. The latter they will leave until the winter,
when they hope to find a readier sale for it.
The wheat harvest
is ntiw completed in England, and, taken as a whole, it has been
garnered* in excellent condition. The quantity of wheat now
estimated to be alloat to the United Kingdom amounts to 581,930
quarters, against 619,330 quarters last year. Annexed are the
avorage prices of English wheat, barley and oats in England and
Wales for last week compared with the four preceding years:
1874.
s d.
...54 6
..45 11
Oats
Annexed is
a
return
1878.
8. d.
62 5
89 U
28 9
1872.
d.
59 6
8> 3
25 2
s.
1871.
s. d.
57 2
35 0
26 4
1870.
s
d.
51
86
24
3
S
6
showing the imports and exports of. grain
Kingdom during the last and £hree
U. 8.6s
“
108 X
“
109 \
1867
.
IT. S. 6s(5-20s) 1862
1C9X
104X
10iX
104X
104X
Tb3 quotations
Tnes.
Wed.
92X
92X
106X
109X
104*
I04X
Fri.
Tbnr.
92X
92S
108X
109X
92X
.
1(4*4
104X
92X
92 X
108X
«X
108X
109X
104X
109X
104*
lt4X
K4X
for United States 6s (1862) at Frankfort were:
98X
98X
98*
92#
15 ...
....
Liverpool Ootton Market.—See
special report of cotton.
Liverpool Breadstuffs Market.—Breadstuff's close dull; flour
corn are quoted higher while spring and California wheats
have declined during the week.
and
Sat.
s.
d.
V bbl 28 0
spr)..tfctl 6 10
“ 9 0
(Red Winter)
(Cal. White club) “ 10 8
Corn (West, m’d) # quarter 35 6
Peas (Canadian).. V onarter 46 0
Flour (Western)
Wheat (Hod W’n.
“
“
Liverpool Provisions
preceding seasons:
(5-20s,)1865,old.. M8X
92X
account
U. 8. KMOs
Naw 5s.....—
1
'
92J$
92*
92*
“
is 3d
*
Mon.
sat
Consols for money
into and from the United
-
Cable.
Money and titock Market— American securities closed
quiet with lower quotations for 65’s and new fives as compared
price.
no
2Xft
234ft....
—
London
-
...
here.
Five Franc Pieces
s.
-
per oz.
Spani-h Dollars (Carolus)
2 ft....
2 ft. ..
closing quotations in the markets of London and Liverpool for the past week have been reported by submarine telegraph
lOXft
no price
8Xft
peroz.
...
are
The daily
as
per oz. standard, last price.
Gold.per oz. do.
do.
deposits
English market Report*—Per
.
SILVER.
Bar Silver, Fine
Bar Silver, containing
Fine (Jake Silver
Mexican Dollars
by the joint-stock banks and
subjoined :
interest allowed
.
76
d.
10
extremely
.
ft
..
was
Per cent
per oz.
(south American Donbloons
United States Gold c**4"
2X
2*
bills.
Joint stock banks
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’notice...
d.
s.
market
1,353,074
Per cent.
4 months’ bank bills
2Xft3X
6 months* bank bills
8 (&3X
4 and 6 months' trade bills. &Xft4
3
discount houses for
circular of Messrs. Pixley & Abell:
d.
77 9 ft
77 9 @
77 11 ft
money
79.771
30,342
so
The rates ot
gold have been small, and the operations at the
Bank unimportaut. Silver is unaltered in price, but Mexican
dollars are £ lower. The following prices of bullion are lrom the
s.
85.161
early part of the week, the
30 and 60 days’
3 months’ bills
The arrivals of
GOLD.
55,177
44,388
Open-market rates:
material movement-
no
147.264
243,461
Bank rate
1
In the bullion market there has been
10 412
3.060
Per cent.
*ls. OXd
65,322,000 115.536,000 124,323,000 122,481,000 126,179.000
Is. 2d. la. 2*d.
2.538
speedily changed, it cannot be considered to be in the
slightest degree greater than is necessary. The probabilities are
that it will now gradually diminished, as the requirements of the
country during the next three months will be on a large scale.
We shall, however, have a much smaller sum to pay for foreign
wheat, owning to the abundant harvests in Europe, and to the
absence of French competition.
Notwithstanding that in the open market, the best bills are
taken at 2£ per cent below the official minimum, the demand for
money at the Bank of England has been more active than had
been anticipated, an increase of £717,479 being apparent under
the head of “ other securities."
There has^also been a large
absorption of notes and coin, due largely, no doubt, to the holiday
requirements, the result being that the total reserve has been
diminished by £578,942. By some, it is thought, that a portion of
this will return, but this may be considered doubtful, as the
requirements of commerce will be great during the next two or
three months. The presents quotations for money are as follows :
Euglaud, the
of
8,2*3
1,4*3, M3
56,833
18,657
have, however, chosen to remain at 3 per cent., and the Bank
return shows that any attempt at a reduction would have been
imprudent. The position of the Bank is still satisfactory, the
proportion of reserve to liabilities being nearly 46J- per cent. This
amount, though 2 per cent less than last week, is above the
average ; but considering that the autumn demand for money has
now .commenced, and that the
position of affairs has of late years
&X
3X
4X
4X
5ft6
4#
J Genoa
111.914
109,091
easy, and the rate for the best short-dated and three-months' bills
declined to
per cent. The directors of the Bank of England
4
4
3,286,499
17.540
2.701
In the
Open
5
6
Antwerp
2,211.433
26.656
Indian Corn
Flour
and
Bremen
..
4,338,43
855.331
22,171
2,839.239
Barley
Oats.
Peas
Beans
percent, percent.
5*
5X
3*
3*
St. Petersburg...
Brussels
3,350,633
EXPORTS.
QWl.
market
rate,
j
Mon.
s. d.
23 0
8 10
9 0
10 8
35 9
46 0
Tnes.
b.
d.
28
8
9
*0
36
40
6
11
0
8
U
0
8-V 6
46 0
Thur.
d.
28 6
8 11
8.
9
10
86
45
0
8
0
0
Bn.
0.
d.
28
8
9
10
86
46
Market.—Bacon is quoted lower; cheese
higher, and lard has jumped from
heifloseto-day.
Wed.
e. d.
28 6
8 11
9 0
10 8
63s last Friday to 67s if
,
‘
d.
vi
95
95
77
77
0
0
6
6
Beef (mess) new # tee
Pork (mess) new Wbbl...
Bacon (long cl. mid.)f) cwt
Lard (American) ... “
54
54
63
0
6
63
“
Cheese(Amer’n fine)
6
6
s.
d.
95
77
54
63
0
6
6
6
64
0
Frid.
95 0
77 0
54 6
67 0
63 9
Thur.
s. d.
95 0
77 6
54 0
Wed.
s. d.
95 0
77 6
54 0
66 0
63 9
Tues.
Mon.
s. d.
95 0
77 6
54 6
63 0
64 0
Sat.
s.
Oi
66
6
63
_
9
petroleum and tallow have
shown a mod-
178
.
London
Circulation.
392,909,100
April 4... 392,916,700
April 11. 392,970,700
April 18 393,747,200
April 25. 392,869,200
409,530,800
May 9
May 16 892,980,600
May 23.. 393,073,000
7
0
18
0
18
1
40
37
25
0
3
0
9
0
1
3
0
9
40
37
25
1
40
37
25
0
6
0
0
d*
s.
6
18
0„
9X
1
40
37
25
0
6
0
0
0
6
0
0
r.
£
d.
s.
advance
11 10
29 15
“
29 15
0
**
..
26
0 11 57 0 11 10 0 11 57 0
10 0
10 0
57 0
57
“
0
‘
“
25
6
*
25
0
99 0 0 99
29 15
0
0 26 6
6
0 26 8
Frl.
Thur.
£ s. d. £ s. d. £ s. d
£ s. d.
d.
Lins’dc’ke(obl).# tn 11 10 0 11 10 0
57 0
Linseed (Calcutta)....
57 0
Sugar (No.12 D’ch std)
25 6
on spot, # cwt
25 6
# tun 99 0 0 99 0 0
Sperm oil
Whale oil.
Linseed oil..
Wed.
Tues.
Mon.
Sat.
0
29 15
26 0
0 0
99
26
0
0
0
0 29 15 0 29 15
0 26 3 0 26 3 0 26 3
MISCELLANEOUS NEWS.
COMMERCIAL AND
Week.—The imports this
and an increase in creneral
merchandise.
The total imports amount to $0,953,507 this
week, against $6,771,208 last week, and $9,525,261 the previous
week. The exports are $4,591,531 this week, against $5,907,998
last week, and $5,588,067 the previous week. The exports of
cotton the past week were 1,982
bales, against 4,884 bales last
week. The following are the imports at New York for week
ending (for dry goods) Sept. 10, and for the week ending (for
general merchandise) Sept. 11 :
iMPcmrs and Exports for the
week show a decrease in dry goods
FOREION IMPORTS AT NEW
1872.
1873.
1874.
$3,492,058
$3,467,827
Dry goods
$2,503,718
$2,366,575
4,586,932
4,594,23b
4,098,262
General merchandise...
$8,086,294
$7,566,089
Total for the week..
Previously reported....
316,529,866
$281,845,943
Since Jan. 1
274,279,854
$324,616,160
4,112,887
$6,676,605
290,145,661
$6,953,507
281,514,056
$296,822,266 $288,767,563
In our report of the dry goods trade will be found the imports of
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports, for the week ending
Sept. 15:
EXPORTS FROM NEW
YORK FOR THE
1872.
1871.
$4,228,364
For the week
Pceviously reported....
164,228,013
156,503,554
WEEK.
1873.
1874.
$6,386,388
$4,591,531
195,785,581
beginning of the year,
$161,786,682
with a comparison for the
previous years :
Sept. 9—Str. Russia
date in
Sept. 9—Str.
Sept. 10—Str.
12—Str.
12—Str.
12— Str.
12—Str.
203,767,490
$202,171,969 $208,359,021
will show the exports of specie from the port of
the week ending Sept. 12, 1874, and since the
$168,456,377
81nce Jan. 1
The following
New York for
$5,283,123
corresponding
Liverpool....Silver bars
$145,180
Oder
London
Mexican silver dollars.
10.086
Hamburg
Silver bars
Hammonia
152.993
Silver bars
Paris
30,444
Henry Chauncey.Guayaquil
American silver coin..
12,500
Baltic
Liverpool... Silver bars
122,854
City of Paris.. ..Liverpool
Silver bars
218,400
Paris
29,630
Neckar
Gold bars
$722,088
Total for the week
41,449,354
Previously reported
$42,171,442
Total since Jan. 1, 1874
I Same time in—
$41,241,392 | 1869
57.252,820 | 1868
time in—
1873
1872
54,817,902' 1867
47,419,404 | 1866
The imports of specie at this port
1870
$25,274,067
65,352,056
41,315,250
53,540,758
Colon
Aspinwall
8—Str. Cuba
.VeraCruz
$10,236
8,533
Silver
Gold
;
Sept. 9—Str.
14,000
Gold
44,000
Gold
25,COO
Bullion
12,550
Gold dust....
619
Gold
300,000
Silver .../ 1,050
Silver
.
,
City of New York .Havana
Magdalena
Bolivia
Sept. 11—Bark
Havana
St. Marc
Sept. 11—Str. Morro Castle
Sept. 12—Str. Tybee
$416,548
Total for the week
4,197,706
Previously reported
Total since Jan.
Same time in-**
1873.
1872
1871.*....
National
1, 1874.
....
I
Same time in —
$3,077,410 | 1870
2,916 347 I 1869
7.632,509|1868
$4,614,254
$7,900,432
9.884,124
5,748,917
Treasury.—Tne following forms present a sum¬
transactions at the National Treasury.
the U. 8. Treasurer in trust for National
mary of certain weekly
l.—Securities held by
Banks and balance, in the Treasury :
..
.
.
—The many friends of Mr. C. C.
known in this city as financial
Norvell, so long and favorably
editor of the New York daily
Times, will be pleased to learn that he is to be prominently con¬
nected with the new first-class morniDg newspaper to be started
in this city under the title oi. The Republic.
The trustees of the
association by which the paper will be published announce, that
they expect to have the presses and other material ready for the
first issue by Monday the 21st inst. .
—We call attention to the card in our to-day’s issue of the
banking house of C. W. Ellis & Co., at 46 Broad street. This
firm, in addition to their transaction of a general banking busi¬
ness and the purchase and sale of stocks, bonds, gold and com¬
mercial paper, make a specialty of “spot and future” transactions
in grain^md provisions, both in New York and in Chicago.
—The Philadelphia & Reading Railroad Company has declared
its regular quarterly dividend of 2£ percent on the preferred and
common stock, free of all taxes, and payable to stockholders, of
record of September 30, at the office of the company on and after
the 23d of October next.
offering to investors
1831, in certificates
their card in our to-iay’s
—Messrs. August Belmont & Co. are now
the new * five per cent registered bonds,” due
to suit purchasers. We call attention to
issue.
BANKING AND FINANCIAL.
PUTS, CALLS,
Stocks and other
DOUBLE PRIVILEGES negotiated at
securities bought and sold on margin.
lating in Wall street”
favorable rates.
“ The Art of Specu¬
given or mailed free to any address by
J. HICKLING &
CQ., Bankers and Brokers,
72 Broadway, New York.
Box 1.535.
COTTON CONTRACTS
Advances made on
Bought and sold on Commission only.
Cotton and approved Stock Exchange Collaterals.
R. M. WATERS & CO., 56 Broad street.
RAILROAD BONDS.—Whether you
wish to BUY or SELL, write to
Wall street. N. Y.
HASSLER & CO., No. 7
560
Gold dust....
Sept.
.
during the past week have
been as follows:
Sept. 8—Str.
Currency, outst’d’g*
87,360,169 4,086,124 37,176,100
86,801,529 8,781,554 85,613,500
16,510,200 410,257,400 87,835,628 3,658,803 84,931,100
16,570,000 409,439,200 87,759,000 J 3,021,874 83,705.800
16.535,200 426,066,000 89,031,885 7,977,097 85,256,600
16,535,200 409,515,800 88,611,729 9,583,126 36.856 600
16,560,000 409,633,000 87,585,337
8,724,633 35,073.700
June 6.. 892,719,000 16,560,200 4 09,279,200 82,999,903 10,548,966 32,413,600
June 13 392,857,500 16,660,200 409,417,700 * 81,083,263 11,492,177 30,977,600
June 20 392,863,500 16 635.200 409,398,700
80,189.437 13.327,435 29.465,300
June 27 392,016,200 16,635,200 408,651,400 80.715,577 13,780,171 29.797,400
Jlly 11. 390.111,800 16,595,200 406,707,0(0 70,827,601 12,443,075 31,683,900
fuly 18 889,259,800 16,695,200 405,955,000 70,694,077 12,714,924 82,770,700
July 25. 333,690,300 16,550,293 405,240 500 71,197,725 12.364,117 33,043,100
Aug. 1
388,566,100 16,550,200 405,116 300 71,113,000 16,900,000 33,500,000
Aug. 8.. 387,084.100 16,550,200 403,634,300 71,782.900 14,632.634 32,795,800
Aug. 15 387,285,600 16,522,200 403,807,800 71,660,482 14,722.064 31,889,800
Aug. 22.. 386,606,100 15,572,200 402,178,300 72,425,119 14,977,318 80,778.600
Aug. 29.. 386,146,600 1 6,387,200 402,533,800 70.802,189 13,208,319 29,010,040
Sept. 5.. 386,094,100 16,412,300 402,506,400 68,542,163 14,768.663 28,770,240
Sept. 12.. 386,024,100 16,412,200 402,436,300
71,840,868 14,689,151 28,864,640
2.—National bank currency In circulation; fractional currency
received from the Currency Bureau by U. S, Treasurer, and dis¬
tributed weekly; also the amount of legal tenders distributed:
-Week
Fractional Currency.—, Leg. TenNotes in
Circulation Received. Distributed. Distrib’d
ending
April 4
958,200
349,071.057
326,900
......
April !1
;
348,977,883
353,560
541,100
1,015,500
April 18
357,000 •
349,081,083
830,300
1,486,000
April 25
357,000
356,400
761,SCO
349.086,208
May 2
349,059,558
357.000
628,900
972.500
May 9
348.858.598
357,000
709,800
1,017,500
May 16
349,039,869
672,000
816,500
942,200
May 23
349,132,276
466,900
667,200
1,880,500
June 6
348,911,683
648,100
628,100
1,198,500
604.800
683,500
889,5()0
June 13
348.778,738
350,581,932
690,900
979,100
1,070,000
June 20
June 27
350.620,062
878,500
613,600
749,000
July 11
1,44!.C00
348,908,979
916,300
782.100
349,237,824
623,000 3,053,000
July 18
838,300
July 25
349,659.868
579,600
653,700
2.800,200
Aug. 1
349,884,993
599,900
941,100
3,207,005
Aug. 8
350,128,878
663,000
546.300
3,873,890
607,600
1,201,400
Aug. 15
350,199,898
3,903,78fi
Aug. 22
350,563.493
677,600
3.167.800
989,300
Aug. 29
350.332,653 1,098,300
2,544,500
Sept. 5
350,534,203
980.000
843,400
2,568.985
Sept. 12
380,622,203
952,000
790,209
2,342,500
YORK FOR THE WEEK.
1871.
Coin.
.
linseed oil.
£
Deposits. * Total.
16,535,200 409,444,300
16,365,200 409,281,900
16,465.200 409,435,900
..
decline of 3s in
Thursday, and on Tuesday a
..
Coin certificates
.
3
9%
9#
9tf
9*
1
40
37
25
3
0
6
Frl-
Thur.
s.
d;
6 3
18 0
and Oil Market*.—There was. an
Produce
of 6d in sugar on
d.
s.
Wed.
s. d.
Tues.
s. d.
7 0
18 0
Mon.
,—Bal. in Treasury.—.
ForU. S.
For
ending
May 2
erate advance.
Sat.
s. d.
Rosin (common)... « cwt.. 7 0
7 0
"
18 0
fine
:
'*
*“ “
l
9#
Petroleaui(reflned).... $
“
1 0
(spirits)
40 3
TallowfAmerican)...$ <
37 0
Cloverseed (Am. red)..
25 9
Spirits turpentine
.
Week
s.
drket.—Common rosin and spirits turpen-
Same
[September 19, 1874.
THE CHRONICLE
290
Sept.
Sept.
Sept.
Sept.
aJlLX
A :* l r*.U (ixxj
MONEY invested in Stock Privileges at the present time will be sure to
yield large returns during the next thirty days.
We are prepared to negotiate Puts and Calls on members of the Stock Ex¬
change, or equally reliable parties, at a distance of 1 to 2# per cent from the
market on tne active stocks, costing $100 for 100 shares. Double Priveleges,
$200 for 100 shares, time 30 days. Parts of 100 shares at same rates. Stock
speculations are carried on with privilege contracts by all the principal opera¬
tors in New York, and has become the favorite system of operating. Losses
are limited to very small amounts, while the chance of profit is made more
certain. Parties entrusting us with their orders may rely on our making the
most advantageous contracts possible.
We will also make operations against
contracts negotiated by us, and hold contracts as margin in place of cash.
Erie, Lake Shore, C. C. .
last 30 days on these
stocks have proven profitable ventures. The indications are that we shall
continue to have an active market. Quotations and full information wtn be
found in the ‘‘Week’s Doings in Wall Street,” containing the highest and
lowest prices of stocks for the past ten years, with a general review of the
Among the best stocks for privilege operations are
C.. Union Pacific, and Pacific Mail. All contracts the
Dreeent and
F
prospective market. Copy mailed free to any
address.'
TUMBRIDGE & CO., Bankers and Brokers,
2 Wall street, corner Broadway, N.
Y.
2211887456——PFMC.iortosuzptnel ’s
became firmer.
®l)c Bankers’ #a?ette.
NATIONAL BANKS ORGANIZED.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week :
^183—First National Bank of Crown Point, Indiana. Authorized Capita],
$50,000; paid in capital, $35,000. James Burge. Pres.; A. E. Bundy,
Cashier. Authorized to commence business September 11, 1874.
National Bank of La Grange, Indiana. Authorized capital. $50,000;
paid in capital, $35,000. John S. Merritt, Pres.; R. S. Hubbard,
Cashier. Authorized to commence business September 12, 1874.
Sterling National Bank, Kentucky. Authorized capital, $50,000;
paid in capital, $38,000. Wm. Stofer, Pres.; Thos. H. Summers,
Cashier. Authorized to comfnence business September 12, 1874.
National Bank of Romeo. Michigan.
Authorized capital,
$50^000; paid in capital, $35,000. Edwin W. Giddings, Pres.; Samuel
A.
Authorized to commence business September
16, 1874.
National Bank of Independence, Iowa. Authorized capital,
$50,000 : paid in capital, $33,830. E. Ross. Pres. J. F. Coy, Cashier.
Authorized to commence business September 17, 1874.
DIVIDENDS.
The following
Dividends have recently been announced :
Per
Cent.
Company.
When
P’able.
Books Closed.
Railroads.
Panama (quar.)
Phil. & Reading,
3
—
pref. and com. (quar.)...
Philadelphia & Trenton (quar.)
Iiisuran
2%
W
To*day, however, they are hardly as strong, and
generally a little below the quotations of our last
report. One of the firms belonging to the late Syndicate, which
took the United States five per cents, is now advertising the
bonds for sale in lots to suit purchasers.
Closing prices daily have been as follows:
prices
The United States
Reade, Cashier.
291
THE CHRONICLE
September 19* 1874.]
Oct. 15 Oct. 6 to Oct. 15.
Oct. 23 Oct. 1 to Oct. 11.
Oct. 10 Sept. 17 toSept.30
are
Int. period.
68, 1881
reg..Jan, & July.
6s, 1881..
coup..Jan. & July.
6s, 5-20’s,-1862
reg..May & Nov.
6s, 5 20’8, 1862.... coup..May & Nov.
6s, 5-20’b, 1862,Calied Bds..May & Nov.
6s, 5-20’s, 1864
reg. .May & Nov.
6s, 5-20’s, 1864
coup..May & Nov.
6s, 5-20’s, 1865
reg..May & Nov
6s, 5-20’s, 1865
coup..May & Nov.
68, 5-20*8, 1865, n. i., reg..Jan. & July.
6s,5-20’8,1865 n. i ,coup..Jan. & July.
6s, 5-20’s, 1867
reg..Jan. & July.
6a, 5-20’8, 1867.... coup.. Jan. & July.
6s, 5-20’s, 1868
reg.. Jan. & July.
6s, 5-20’8, 1868
coup. .Jan. & July.
58, 10 40*8
reg..Mar. & Sept.
58, 10-40’8
coup..Mar. & Sept.
5s, funded, 1831.....reg ..Quarterly.
5s, funded, 1881, ..coup
Quarterly.
6«,Currency
reg..Jan. <fc July.
—
Sept.
12
*117%
*117)*
*112
112)*
.
fcept.
17.
117*
*117)* *1173* 1)8% 118%
112)* *1123* *112)* *112)*
*112 *112)* *112)* *112)*
Sept.
14.
*117
.
*113)*
115j* *115
.
Sept. Sept.
15.
*117%
16.
117*
*111%
*114% *114% *114% *118%
115% 115% *115% *115
*114% *115
114% *114%
*115% 116% 116 *115%
114% 115% 115%
...
tl5% *116
115%
116
*115% 116% *116% 116%
116% 117% 117
!17
116% *116% 116% *116
116)* *115)*
*114)*
116
116%
*115%
116% 116%
*115)* 116)*
117)* *116)* -117 *117
110)* 110)* 110% 110%
111% 111% *111% 111%
112% *112
112%
*112
112% *112
112%
*112
*116)* 117% *117% *117%
....
....
Sept.
18.
117)*
: 118)*
*112)*
*112
.
*117
117
110%
111%
*112% *111%
112% 112%
*117% *117
110%
111%
the Board.
The range in prices since Jan. 1 and the amount of each olacs
of bonds outstanding Sept. 1, 1874, were as follows :
Range since Jan. 1.
. /——Amount Sept. 1.—,
Lowest.
Highest
Registered. Coupon.
68,1881
$.
reg.. 115% July
120% May 27 $193,226,450
122
6s, 1881
Apr. 29
89,509,900
coup.. 116% July 8
16,572,600 150,687,100
08,6-20’s, 1862
coup
111% July 30 113% Apr. 29
25,978,850 83,018,950
6s, 5-20’a, 1364
coup.. 114
Jan. 6 120% Apr. 29
33,732,200 118,802,150
6s, 5-20’s, 1865
coup.. 115
Jan. 8 121% Apr. 15
56,943,700 145,719,400
6s, 5-20’s, 1865, new,coup.. 114% Jan. 3 120% June 23
87,891,250 222,731.500
6s, 5-20’s, 1867
coup.. 114% Jan.
2 121% June 22
13.951,000 23,523,000
68,5-20’s, 1868
coup.. 114
Jan. 20 121% June 22
5s, 10-40’e..'
reg.. 109% Aug. 4 115% May 22 141,229,350
53,337,950
5s, 10-40’s
coup.. 111% Sept. 11 1 tb% Feb. 28
5s, funded, 1881.. ..coup.. Ill
Jan. 2 117 Apr. 28 179,302,900 136,895.000
.......
8s, Currency
...reg.. 114
Jan. 6 117% July 23 64,623,512
•This is the price bid ; no tale was made at
,
.
e,
Jefferson
..
..
5
on
dem.
.
Friday,
The Money
Market and
September 18,1874—6 P. M.
Financial Situation. — The
principal topics affecting financial matters this week, were the
decision of the railroad suits in the State courts of Wisconsin
and the intelligence of the political difficulties in Louisiana. The
injunction granted against, the railroad companies is hardly un¬
expected, but the whole question under litigation comes up for
review in the United States Supreme Court at the October term,
Closing prices of securities in London have been as follows:
and until then, the subject will be regarded as a matter still un¬
•—Since Jan.l.Sept. Sept. Sept.
Lowest.
18.
4.
11.
Highest.
The news from Louisiana to-chiy was considered quite
settled.
favorable and gold declined slightly in consequence.
Feb. 19
110
106% Apl. 22
108%
108%
U.S.6s, 5-20’b, 1865, old.. 108%
Our local money market continues very easy, and on call loans U.
107% Jan. 5 110% June 10
109%
109%
109%
S.6s, 5-20’s, 1867
rates have still been 2@3 per cent., but with some indications that
103% Feb. 16 106% Ang. 1
104%
104%
104%
U. S.fis, 10-40’s
May 28
104%
102% Jan. 15 105
104%
104%
these extremely low figures will probably remain but a short New 5s
time longer.
On time loans, secured by collateral, the range is
State and Railroad Bonds.—State bonds have not been
about 3@6 per cent, on agreements for various periods from one
to four months.
Commercial paper is in good demand at 54@6| generally active, but there has been some demand for Tennessees
the past day or two, as these bonds had declined considerably
per cent, on prime endorsed notes of 3 and 4 months ; short date below the
figures at
had been ranging the decline
paper would be lower but there is very little offering.
The dif¬ called out a demand, which theythere were orders for; considerable
and to-day
ference, if any, in the paper market is a tendency towards firmer
lots below 50, which could not be filled.
The political agitation
rates on paper not strictly first-class.
in Louisiana, strange as it may appear, has produced orderB for
Cable advices from London on Thursday reported a gain of
some of the bonds of that State—probably on the principle that
£121,000 for the week in the bullion of the Bank of England, the
“
discount rate remaining at 3 percent.
The Bank of France lost things had of touched bottom” and it was the best time to buy. A
conference
Virginia bondholders is to be held in Richmond,
67,000 francs in specie.
November 10, and it is reported that the State authorities will
We have now from the Chief of the Bureau of Statistics at
Washington, the figures showing the total foreign trade of the propose that a five per cent, bond be issued in place of the
United States for June and for the fiscal year ended June 30, consols, upon which interest shall be regularly paid in full.
In railroad bonds the main feature has been the activity in
1874, as follows, the values being all in specie :
Central Pacifies and Union Pacifies, which are now decidedly the
Foreign
Domestic Exports. Re-exports.
Imports.
Periods.
favorite bonds of this market. These roads show very good
$1,959,926
$52,250,109
Month ended June 30, 1874
$49,302,334
3,149,101 earnings, the Central has already declared two dividends and the
46,215,053
49,420,791
Month ended June 30, 1873
23,780,338 Union Pacific has just now succeeded in exchanging nearly all
629,252,156
Twelve months ended June 30, ’74. 595,861,248
28,149,511 its income bonds for a second mortgage on its road and lands.
578,938,985
Twelve months ended June 30, ’73. 663,617,147
Of the total imports and exports for the fiscal years 1874 and The company, up to August 1, 1874. had disposed of 1,035,784
acres for $4,719,867, an average of $4 55 per acre, and still had
1873, the following values consisted of specie and ballion and of
on hand 11,044,215 acres.
merchandise, respectively:
A telegram to-day from Corning, N. Y., says : “ The following
Foreign
Domestic Exports. Re-exports.
Imports.
bonds belonging to S. X. Billings, of Gains, Tioga countv, Pa.,
$6,930,719.
$59,699,686
Specie and bullion, 1874
$28,454,906
16,849,619 were stolen from the First National Bank of Wellsboro’, Pa., on
569,552,470*
Merchandise, 1874
567,406,342
10.703,028 the night of the 16th instant:
73,905,516
Specie and bullion, ISIS
21,480,937
Union Pacific Railroad bonds,
17,446,483 numbers 12,276, 12,277, 12,278, 12,279, 11,607, 11,608, 11,609,
505,033,439
Merchandise, 1873
642,136,210
* The returns of
exports to Canada will, when corrected, increase the aggre¬ 24,202, 21,327, 24,084, coupon bonds of $1,000 each ; also, Pacific
sevens guaranteed by the State of Missouri, numbers 923, 924,gate several millions of dollars.
An analysis of the above table shows a decrease in the imports 925,926,927,928, 929,930, 1,021,1,022, coupon bonds of $1,000
of merchandise in 1874 of $74,729,868, an increase in domestic each.”
Closing prices daily,and the range since Jan. 1, have been:
exports of $64 519,031, and a decrease in foreign exports of
•Since Jan. 1.Sept. Sej t. Sept. £e t.
Lowest.
$596,864. The movement of specie and bullion shows an increase
fi
Highest.
15.
16
T
•50
*5(3
t53% July 29 +63 June 27
in 1874 of $6,973,969, a decrease in domestic exports of $14,205,- 6sTenn., old,ex c
+50 Sept. 17 t63% June27
50%
50
68 Tenn, new ex c
860, and in foreign exports of $3,772,309. The value of foreign 6b N. Car.,old.... •20 *20 *20 *20 •20 •20
18% Aug. 21 29% Jan. 24
16
Jan. 6 21% Mch. 2'
•10
*12% *12%
commodities remaining in warehouse June 30,1874, was $59,705,- 68 N. Car., new...
40
Jan. :0
*28
Jan.
9 42
•2V * *28
•28
68 Virg., old
•28%
50
Feb. 17 53% June )6
753, against $77,583,978 June 30, 1873, being a decrease of
*52% *52
do
consolid. 53
*52% *52%
9
9
Sept. 13 11% Feb. 13
deferred.
$17,878,225.
Allowing for the differences in the warehouse 6sdo
7
*17
July 7
Apr. 28 20
•ii” *17% *17
S. C., J.
account, the exports for the fiscal year 1874 exceed the imports 6a Mo. long& J.... 93% 93% 93% 94
94
90% Jan. 2 98 ! May 25
*93%
bonds
91
87% July 27 96% Jan. 14
Cent.rac.,gold.. *90%
by $39,293,021, while for 1873 there is an excess of imports over Cent. Pac., gold.. -vo% 90% *90% *90% 90% 36% 81 July 15 88 June 80
Un Pac., 1st
?5% 85% 35% 85% 85%
75
May 21 89 Sept. 18
83%
exports of $101,155,939.
s:%
86%
37%
S5%
do
L’dGr’t 85%
73% Jan. 9 89 Mch. 27
*99%
98%
88% •83
83%
The last weekly statement of New York City Clearing House
dolnc.past due *88
101
108
Jan. 5 105
•103
Apr. 7
*103%
•10S% *1C3
Erie 1st M. 7s
*103
105
102% Feb. 3 109 Apr. 28
banks, issued Sept. 12, showed a decrease of $91,125 in the N. J. Cen.lst 7s.. *105 *105 *105 *105
108
*106” '106
July 22 107 June 16
*105
*104% •105
Ft Wayne 1st 7s
excess above their 25 per cent legal reserve, the whole of such
Jan. 6 107
June 25
*115% 105% 105% '106% 101
Rock laid 1st 7s... *104% *104
excess being $25,718,375, against $25,809,500 the previous week.
This is the nnce bid. no sale was made at the Board.
The following table shows the changes from the previous week
+ Range since June 27. 1874.
and a comparison with 1873 and 1872:
.
..
..
..
•
1874.
Sept 5.
Sept. 12.
>
Differences.
1873.
1872.
Sept. 13.
Sept. 14.
$284,536,200 $284,650,300
20,412,300 12,787,200
Circulation....
25,662,400
25,605.700 Dec.
56,700 27,883,400 27,626.400
Net deposits.. 234,746,000 237,882,500 Inc.
8.136,500 207,317,500 209,546,000
Leral tenders.
65,604,700
65.325.900 Dec.
278,800 36,717,200 48,105,600
United States Bond*.—Governments have been moderately
active during the week, and on the New Orleans despatches
Loans anadis.
Specie
which
$279,084,900 $280,867,800 Inc. $1,782,900
18,891,300
advanced
19,863.100 Inc.
971.800
gold, the prices of Government
bonds also
Railroad and Miscellaneous Stock*.—The
stock market
tolerably active, with the general course of prices tend¬
ing upward. The decision in the railroad cases in Wisconsin was
adverse to the companies, but this was probably anticipated by
many, and its effect had been partially discounted in the market.
The decision is, in fact, much less broad in its application than
many have supposed; in the first place, it only applies to local
traffic and not to through or inter-state basinesn ; then, as to the
has been
Chicago and Northwestern road it affects
only a little over one
j
fourth of its whole mileage operated; as to
affects aboht one-third of its whole mileage.
the St. Paul road it
The injunction does
into effect till October 1, and during that month the main
question is expected to come before the Supreme Court at Wash¬
ington for final adjudication. Railroad earnings, as reported below,
continue to be various on diffeient roads, some being good, others
much less favorable than last year. From the report of the
Pennsylvania railroad investigating committee, we have the fol¬
lowing earnings for six months of several roads whose stocks are
not go
Pittsburgh, Fort Wayne and Chicago Railway,
ending June 30, 1874, and June 30, 1873:
Earnings.
$4,174,158 73
Increase
Decrease
$1,789,332 06
1,968,002 95
$431,311 22
Railroad
Cleveland and Pittsburgh
Gross
:
30, 1874
Same
period last year
$1,460,387 03
1,790.470 67
$710,755 79
951,813 14
$749,631 21
$241,077 35
$89,006 29
Decrease
Gross
For six months, ending June
1874
Same period of last year
30,
2,000,615 12
market
was
Saturday,
Sent. 12.
H.Y.Cen.&H.R. lUi % 104 >4
Harlem
Erie
Lake Shore....
Wabash
12«* 126*
34* 34*
75
75%
82* 33*
3 * 38*
*125*
34*
74* 74*
82* 32^'
34
36
35%
Northwest
do
pref.
Rock Island...
8t. Paul
uo
nrel....
At.* Pac.,pref.
Ohio & Miss...
Bost., H.& E..
Centra) o; N.J.
55
54* 54*
100% 101
32
32*
54
52*
12* 12*
24* 24*
1"0* 101*
32* 84
51* 53
10
78*
•
113
79*
83
•39
31
89*
4S*
pref.
Pacific Mail....
Adams Exp ...
American Ex..
United States..
Wells, Fargo..
<
81
39
Quicksilver....
43*
1-7
..
.
•«>* 61*
This is the price
53
53
fK
-
12*
25
104* 104*
109
:0i%
24* 24*
33* 34*
8*
8*
fcO*
34
41
8
3
*
*
40*
79*
34
40
48*
49*
#43* 107
*60*
67*
78
Latest earnings
.
1st
...
made at the Board. *
reported.
follows*
«
1873.
Jan.l to latest date.
1873.
1874.
$130,270 : $3,131,821 &3.216.668
115.132 3,379.932 3,438,974
713.992
678,545
108,100
1,251,622 8,911,903 8,791,532
Aug.
Aug.
1,301,000
Sept.
Aug.
165,200
277,620
403,175
457,964
Aug.
35.286
708.808
36,597
769,748
Aug.
week of Sept.
39,395
141,540
•
•
.
.
,
2,686,251
4,926.099
38,715 1,130,984
153,174 1.012,850
3,286,051
1,062,658
119,047
324,360
23.955
28,962
81 k, 886
959.090
12,845
350,687
Sep.‘.
Sept.
67,483
12,178
53,159
31,417
70,315
31,064
92,581
410,039
1,675,9 8
884,690
'
2.3,877
90,592
850,113
66,791
31,202
1st week of
1 U eek of
Month of
July.
1st week of Sept.
1st week of Sept.
Month of July.
'
.
..
,
Month of
Aug.
323.241
1,683,193
833,9 '4
441.530
397.605
742,875
843,919
146,529 3,487,046
876,833 5,413,776
604,066
b6,092
3.971,781
5,4j9.810
Brokers, 74 Broadway and 9 New street
$100 for LOO shares, 30 days ; $150 to $200, 60 days (on
Lapsley & Bazley,
quote stork privileges,
Members New York 3tock Exchange or
tance from the market.
Put8
below.
SO days.
Sept. 18, 1874.
Gold for * bonus..
W. Union Tel
Pacific Mall
N. Y. C. <& Hud...
2
1*®’*
Harlem....
Erte
Lake Shore
Nonhwei-t rn
...
3
.
*@1*
l*@l*
above, j
60 d*ys. |
%<% *
Puts
i
Rock Island
Mil. & St. Paul.
1*®2*
..
:>v@2^ I Wabash
IV@2* I Ohio* Mississippi.
I Union Pacific
2* -4
l*@2* i Han. & St. Joseph.
1 >@2*
C.. C. & I. C
1*®2 * Quicksilver
below.
30<lays.
l*@i*
1V„@I*
1*@2*
**@l
*<§>1%
1 @2
I ®1*
I*@2
Calls
above.
60 days.
1*@2*
1*@2*
l.*@2*
*@'*
1 *®i*
1*@2*
1*®2*
2*@l
little activity early in
theweek, and the record of quotations at the Board was limited
to three or four changes ; afterward, on Wednesday, there was
more animation when the New Orleans affair caused some excite¬
ment, and exchange was higher and gold advanced to 110£. Since
then the tendency has been downward again, and with the pacific
news to day from Louisiana the price closes at 109$.
On gold
loans the rates to-day were 1 and 2 per cent for carrying, and
On time loans the following rates
loans were also made flat.
were quoted for borrowing : 30 days,
; 60 to 90 days, $@f.
At the Treasury sale of $500,0110 ou Thursday the total bids
were
$1,930,000,
Customs receipts of tlie week have been
$2,450,000.
The following table will show the course of gold and opera¬
tions of the Gold Exchange Bank each day of the past week:
Tlie Gold
‘
*n *
*@t*
*@'%
*@'*
Calls
responsible parties), at the following dis¬
Maeket.—There
was
very
days.
4,*:630
4.86%/§>4.87
4.83%'7^4.81%
4.85%®4 86%
4.84%'®4 85%
5.16%'§i5.l5
5 16%®5 15
4.83%@4 88%
4.82 ^4.63
5.18%'&5.17%
5 18*@5 17*
5.D%@5.17%
40%@ 40%
94%@ 94%
5.16%(ft5.15
40% i 41
95%21 95%
40% 3 41
95%® 95%
71%® 71%
House and SuL-
-Sub-Treasury.-
Payments.-
Cnrrency.
Currency.
Gold.
$40 .385 00
$250,993 81
$98 095 84
127,181 39
495,544 59
259,094 63
701.050 59
916,875 00
698,203 73
1,267,360 27
116,024 66
1,159,571 54
601,327 41
$497,153 48
2.C58.791 47
196,222 24
448.380 83
591.037 00
447.866 12
*
3 days.
591,838 33
804.091 14
872.562 07
733.661 66
813,774 10
Total
$2,450,000
3,811,707 85 3.204.622 40 2,396,722 53 5,780,033 92
Balance.Sert.il
5 4.173 822 25 61.244.256 83
Balance. Sept. 18
54.t8S.807 57 58,668,844 81
New York City Banks.—The following statement shows
the condition of the Associated Banks
week ending at the commencement of
of New York City for tho
business on Sept. 12, 1874 :
-AYERAGK AMOUNT OF-
Legal
Loans and
Banks.
New Tork
Manhattan Co
Merchants’
Mechanics’
Union
America..!
Phoenix
City
...
Tradesmen’s
Fulton
Chemical
Merrhants’ Rxch’ge.
Gallatin, National..
Butchers’&Drovers’
Mecnanics&Traders
Greenwich
Leather
Manuf
Seventh Ward
State of N. York..
American Exch’ge.
.
Commerce
Broadway
Mercantile
Pacific
2,000,000
5,000,000
10,000,01 >0
1,000,000
1,000.000
422,700
2,000,000
Republic
450,000
412,500
l.OOu.OOO
1.0u0,000
510,000
North America
Hanover../.
Irving
,
4,000,(00
Metropolitan
401 ,oro
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather..
Corn Exchange
1,000,000
1,000,0(0
1,000,000
1,000,(00
1,000,000
2,0()0,0(0
300,000
Continental..
Oriental
400.000
Marine
1,500.000
2,0o0.000
500,000
Importers’* Trad’rs
Park
Mech.
Bank’g Asso.
Grocers’
North River
East River
Manufact’rs’* Mer.
800.000
400,000
850,(>00
500,000
'
New
19,221,6(0
5,168,100
4,020,4(0
1,8'7,600
5.245.400
2,949,'00
1.462.100
2.368.200
4.10.4 6
2,5 8,010
578.600
13,907.500
1.622,51 0
2.36I.H00
2,755.9 W
2,:65,100
4,145.' 00
8.122.400
3,2-0,1 '0
1,5114,700
2,507.6 '0
13 5< 4,' 00
18,038.500
1.167.200
610,5( 0
99 ,9U0
1.085,' 00
757,500
200,000
2,000,000
1,000,(00
N.Y.National Exch.
Tenth National
io*k Co. Nat.
American.
Dry Goods..
Inc. $1,782,9')0
Loans
Specie
Legal Tenders....
The following are
Loans.
Jnlv 25....
Aug. 1....
Aui. 8....
A ’g.
Aug.
15...
2*2..,
Aug. 29....
Sept. 5....
Sept. 12...
17.600
757.200
57
1,0 4, 00
,600
213.900
526,500
3.100
95 200
184.400
£2.0.0
4:6 4(‘0
225.200
471,000
8( 3.500
731.000
2.740.100
(22,1 00
936.800
57, 00
5,800
18,100
30.600
1,0 0
1,3'8.800
107,000
153.800
602,21.0
963,-00
16.200
85.200
4.011,600
24^.900
131.300
239,000
134.000
142.300
3.13.5.900
1,408,000
3-4,000
2,07 ,900
1,025,600
1,('S2,400
220.200
266,900
292.0 0
2 0,1 • 0
4,OoO
326,406
1,821,500
211.700
5,000
6
483,600
247. 00
195.700
2,700
262.700
166/ (10
900,000
473,3i 0
8,27),D"0
1,949,100
8, 81,600
3.UOI.200
1.248.700
8*P,9o6
132,-00
5,500
2.0&7.200
3,592 900
5,610,000
10.1 7,2i 0
2,i78,2C0
1.981.800
1,1' I; 00
5,«79,000
445.ii
8,025.'.('0
7 9. 00
196,0"0
775,266
9,600,000
1.259.7(H)
190.100
270,000
1,200
490,200
3. 45,600
2,287.ICO
43 ,-(0
859,300
5I3.9< 0
507.3"0
8"7.200
355.100
52',800
37‘.5(0
n'.O.O K)
87,2 H)
38.7 >0
232.900
6."00
217.400
$8.8.000
9,700
8,9' 4,800
4
26 ? 9 0
32.200
37,0(0
119,700
82,4' 0
Circula¬
tion.
1.905.8 0
1,12 ,300
2.586,300
2,406/00
17,8000
15,6 i 0.200
1, 22 200
296,5()C
162,3"0
1,112,100
132,3' 0
8,9(0
225,000
754.2(H)
790.8' *0
4.900
579.100
4.000
359 600
489.000
799/t 0
806.100
706.000
9 '4,500
6>4 900
6 7.600
16.495.800
5,5 '9 000
1.346,O' 0
7,508,500
6,76(i,900
6,188,5)0
193,000
2.910* "166
1,361.0(0
270.000
6CC.2C0
298,4''0
41,400
8('0,'*tl0
6’2,800
2' 3,700
87 ,500
916,01 0
1.' 21 000
225.000
180,010
XJ
1.610.700
$32.135.200*$280,861,800 $19*863.100 $63,825,900 *287,882,*00 $25,605,7C0
the returns of previous week are bb
Total
July 3....
July 11 ...
July 13....
5,968.800
6-9,900
656.400
1.279,000
The deviations from
follows:
•Tone 27....
2.282.900
2. 4 ',000
K2,i00
131.600
4,589.800
2,174,300
1,000,0(0
National...
2-3,100
7 9.200
250,(9 0
800,000
1,500,(GC
5(>C,i 03
1,000,000
500,000
Second National....
Ninth National. ...
First National
Third National
German
4.511,*00
12. 14,700
20,3'.7,8'>0
6,858.000
1,7' 0.000
7,3?0,8('0
6.310.500
5,218,7' 0
1,336,000
1.810.100
1,13 ,000
5,000,000
2,000,000
Fourth National....
Central National...
Bowery
Net
Capital. Discounts. Specie. Tenders. Deposits.
$8,UUU,0CC $9t-'H»."»0 $2,573,300 $l,«'5,600 $9,651/00
4,647, 00
2,83? ,6(0
401,• 00
5,163,900
2,050,001
9,791,'00
1,7*6.100
3,000,000 10,40* ',600 2,151,700
4,727,400
1,228,000
817.300
6,451, r 00
2,000,000
8.375.800
280,200
1.050,10!)
,0< 0
1,500,000
7.8 7. 00
7,76:),800 1.819,000 3.288,300
3,000,000
3,OH,500
843,2( 0
331.900
3,854,UX)
1,800,000
5.631,000
915.200
2.001,000
5,;8!,000
1,000.000
1.95S100
36,8 ’0
447.700
8.4 5,800
1,000.000
1.256,900
4"9,lo0
196,100
1,672,100
600,000
2 2,400
7,5.59,200
2.414.100
8,288,100
800.000
3. 01,( 00
20 (. 00
784,4"0
8,94 ,M)0
1,000.01 >0
2 4' 5,’00
4i 6,300
621.000
3.969.500
1,500,000
1,6 3 ,000
389,0.0
48, CO
2,I7",0U0
800,000
4: ’ ,700
l.So-,000
17.600
1,121,* 00
600,000
1.0 5,400
1 ’6.900
1,026,.00
200,000
2. 3-1 700
4 0, 00
4*16,81*6
600.0O0
8,-M 2,100
1,082,0 ‘0
816.400
89.300
1,29),500
500,000
2>4.000
People’s
l-*t w* ek of Sent.
1st wee k of "ept.
,
“
44
1,014,283
147,647
289.000
•‘
'
486,000
481,000
309,000
525.000
342,000
Chatham
1,812,928 1,966,966
151,955 5.028,540 4,931,964
336.823 1.970,125 2,079.041
149,094 1,203.318 1,547.701
306,561 2,273.936 2,431,516
293.247
4,'8
BO
Gold.
$247,000
14
15
16
17
18
“
5.246*,988
wt*ek of Sept.
Monih of Aug.
Month of July.
Month of Aug.
,
Tol.. Wah. & W
Union Pacific
West Wisconsin
104* 105
109
109*
21* .6^
34*
34* 35*
33* 84*
9*
9* 10
8*
b*
*
113*
*112
U4
79*
79* 79*
79* 79*
'38* 31
33*
37*
£9* 40
47* 48
47*
>106
•106*
•6 * 61
*60*
•60*
6 i*
V... 67
•66*
•78
•77* 79
*77* 78
September 18.
-
,
-Receipts
‘
24 *
118.100
116.280
l«t.
,
& Southeast
109*
1874.
Month of July.
Month of Juiy.
Michigan Central.
Mo., Kam
Mobile &
105"
$93, >22
Aug.
Sept.
.
.
l
109* 109*
earnings reported are as
Roads.
Atlantic & Gt. West 3d week of
2d week of
Atlantic & Pacific.
Bur.,0. Rap.<fc Minn Month of
Month of
Central Pacific.
..
Chic., Mil. & St. P. 2d week of
Cleve.. Col. Cin. & I Month of
Denver &R Grande Month of
Illinois Central ... Month of
&
1*
*.... U'5
*1
...
113
•60*
,
.
34*
.
*106
'67
*77
■
bid and aske*i; no mle was
The latest railroad
Si. L.
76*
33*
3>*
57
101*
34*
75* *75*
3 * 37*
85* 36*
54* 55
100* 101
32* 34*
51* 53
12
12*
23* 24*
•l
109*
21* 24*
83* 34*
8* 8*
31* 33*
8* 8*
112* 112*
Tel.
125
34
12*
24*
10.)
Col.Cnlc.& l.C.
126*
3 *
24* 24*
24
21
“
126* 12** *125* 1*6%
Si* 34*
34* 34*
76*
75* 76*
75* ~~
32* 33*
3 * 32*
36* 37* 8 * 36*
54* 55
54* 51*
101*
100*101* 101
33
34*
32* 33*
52* 53*
52* 52 >4
12
1-*
2.*
24*
125
126*
34V
75*
82*
86*
55*
100*
32*
*1
*1
Del., L.& West
Han. & St. Jos.
Union Pacific..
5>
101* 101* •103*
1UJ
do
Custom
House
Sept. 12
have been as follows:
Tuesday. Wednesday, Thursday, Friday,
Sent. 14.
Sept. *5.
Sept 1*5.
Sept. 17. Sept. 18
104
103*
10»% — 101* X100* 04* 100* 10'*
101* 104*
Mondav,
and this
,40%(§U 40%
94%® 94%
70%® 71
The transactions for the week at the Custom
Treasurv have been as follows:
Frankfort
Bremen
Prussian thalers...,
Receipts.
daily highest and lowest prices
Panama
West, Un.
Hamburg
fairly steady, Union Pacific being
strong.
The
Swiss
Amsterdam
$158,897 39
$508,‘ 974
Decrease.......$"l50!077’36
.
Antwerp
$439,818 18
280,920 79
$1,'191,640 37
,
2,*81,535 91
Increase
At the close the
:
Prime bankers’sterling bills
London good bankers’ do
London prime com. ster do
Paris (bankers)
.
Net Earn'gs.
Expenses.
Earnings.
$1,931,458 55
838,637 53
of the Chicago
statement of earnings
Railway:
We take the following
and Indiana Central
follows
as
Earnings.
$ji30,083 64
months, ending June
For six
Expenses.
in our
length stimu¬
deal was
then advanced
higher figures.,
moderate business.
Quotations on actual transactions are about 4*83$ for prime 60
days’ sterling bills, and 4*86$ for short sight. The range in rates
is
Net
Earnings.
963,468
777,753
Foreign Exchange.—The exchange market, as noticed
last report, had fallen off materially,
at
lated business, so that for Wednesday's steamer a good
done. Presuming on the activity*leading drawers
their rates, but were hardly-able to maintain the
and to-day the market has been weaker oq a
$178,670 89
$609,982 II
$
$
109% 110% 109% $138,538,000
77,785,000
109% 109% 109%
109
114% 109%
Current week
109%
109%
Previous week
Jan. 1,1874. to date... 110%
Net
3.116,137 89
5,(84,140 84
*
est.
est.
..
Earnings.
Gross
—■—.Balances.
Total
Gold.
Currency.
Iner.^ Clearings.
Saturday, Sept. 12. ...109* 109* 109* 109% $20,453,000 $1,763.6°4 $1,950,829
20.0)6.000 1,489,880
1.6)7.670
“ 14. ...109}* 109% 109% 409%
Monday,
800.560
880,285
14,826.000
109* 109% 109% 109%
Tuesday,
15
27,167.000 1.287,125 1.397,891
...309% 109% 110% 110
Wednesday, “ 16
88.979,000 1,653.656 1,831,82
Thursday,
14 17. ,..110 109% 110 109%
17,077.000 1,288,831 1,418,:440
Friday,
*4 18 . ..109% 109% 109% 109%
ln&r.
for six months
Expenses.
$2,684,826 67
—Quotations
Open- Low- High- Clo*,
well-known in this market.
1874
187J
[September 19, 1874.
CHRONICLE.
THE
292
281,791.500
2-7.42<?,200
<87.083.400
235 31 ..000
Iuc.
Dec.
Specie.
19.714.300
21.931.300
28) lhR.KWl
2-2,0! 2,«00
25,>98.700
280,367,800
Net
Deposits
Circulation
the totalsLegal a series
for
27'8 5.400
*27,755. 00
2« 646 700
280.531.300
279 25 • 200
278.576.000
278,519.81)0
279.084.9O0
971,-00
278,300
25,740.020
22.H52.K0
19.554.900
18.634.100
lb.991,300
19.863.100
Tenders.
62,923.200
63.660.500
61..135,100
61,8.53,700
63.7.4 COO
65/18.900
66.549.500
66.578.100
65.891.400
67.282.600
65, (H.7'K)
65^25,900
...Inc. $3,13%5no
Dec.
56,700
of weeks past: Aggregate
Circu¬
Deposits.
282.92i.200
241,445,500
243.525.600
242,983.6(0
214/13.300
242.74L.300
lation.
Clearings.
26,511,300
25,863.900
25.923.700
25.. 27.500
428,2516
426.905.576
25.767.600
242.261 6.H)
25,762,200
25.805.700
237.115^00
25.8 -9.1(10
234.864.100
235.0".l 00
234,746.000
237^82,500
25.820.000
25.8 3.300
25,662.400
25.6j6.700
444 578.341
886.3C(),415
353 796 1)75
2 8.819,685
339 534.9f3
801. 91 6;6
3>0.li'9.469
3/7,151.644
373,742,142
390,896,790
i,
September 19, 1874.]
Boston Banks.—Below we give a statement of the Boston
National Banks, as returned to the Clearing House on Monday
600,000
200.000
Central
Loans.
500,000
Continental
Eliot
Everett
Faneull Hall........
**
Freeman’s
Glohe
Hamilton
Howard
Manufacturers
Mtrket.
Massachusetts
Maverick
Merchants
Mount Vernon
800.000
3,000,000
200,000
New England
North
Old Boston...
Shawmut
Shoe A Leather.....
State
Suffolk
Traders
Tremont
1,000.000
•
1,500,000
600,000
2,000.000
750.000
First
Second (Granite)..!
Third
B ink of Commerce
Bank of N. America
B’k of Redemption.
Bank of Republic...
0 rinmonwealth
1,000.000
1,600 000
100,000
Eagle
Colon
851.900
1.478,4uU
1.138.;i00
83 ).8l 0
1,128,700
1,099,5 >0
672.8
201,100
489.100
1.029.500
1,771.601'
58 'Alfi
693 3jc
60 l.iHX
886.400
9 5.200
86.000
958,100
lSi.900
583,100
176,3)0
385,000
8 ).600
4.100
21,200
225,900
16j)66
10.700
773, .(H)
77 *,3 o
711,1 0
825 9 0
9 2 6)0
542.2) Hi
6)7.000
488,0(X:
113 700
o
130,000
566 0)0
800 *-O0.
44 300
319,10
17».50(i
Increase #1,144.800
Decrease.
153.6J0
527,300
the totals for a series of weeks past:
are
2,122/00
2.571.200
8.5'*4.400
3.562.800
lSO.lll.Si’O
13 ‘,99.100
130.357 (HO
S.S^l.ooO
13i.4O2.105
8 439/00
8.872.800
3.325.000
2 7 3. *00
2 640,200
2,670.430
August 17
Au.'U 121
AU rust 31
Pent. 7
129.’58.400
fiept. 14
131.256.600
129.299 9 *0
129,696.600
13 .460, O0
Deposits. Circulation
25.200 400
51.691.700
25.102.000
53/72,200
52,380,,00
24.5H3,5tO
LepraiTender.
ll.427.S00
1I.244.6O0
10,631, 00
9.6«V’00
9/95.700 "
9 630,300
9.4 4..10
9,393,100
Specie.
50,466,900
9,466.(00
9.712.2 >0
9.S<6 0)0
25,1KI.?0
50.5:5 4 )0
50,821,51)0
50 440.’00
49.97.4.9)0
49.269.900
48,.87.700
49.-96.500
9,214.400
49,93',500
25.H3.9cO
25,1 0,6(X
25,17^4 0
25,233.10’j
2 5.296.10i
25,166.8 0
25/04/00
25,013,201
Phlladelplila Banks.—The following is the average
con¬
dition of the
Philadelphia National Banks for the week ending
Monday, Sept. 14, 1874 :
Banks.
Phlladslnhla
N >rth America
Farmers and Mech.
0
r
1.000,000
4 91
788 00)
42,6)0
1.7)4,300
5 316.200
l.OOOjKK’
2.518.0(0
8.IK10
66H.i)00
800,000
Mechanic^
2,259.000
2,674.000
6, CO
1C,(HO
615,000
fi|’9,00(i
480,0*'()
417,001
'..436.100
1,0*3.016
2.000
1,6'6,000
1.381,000
2.456.1)00
1,420.0) 0
617.031
222.391'
85: 551
779 77).
2i3 97i>
500,U00
250,000
250,000
500,000
Kensington
P eun
Western
1,000.000
250.000
B ank of Commerce
Girard
Tradesmen’s
300,000
400,000
C emmonwealth....
Oirn Exchange....
Union
Fi-«t
Third
Sixth
Saventn
Eighth
C entral
Bank of Republic..
800,000
500,000
500,000
1,000,000
300,000
1 000
.
*-a
XU CC
11,000
45,100
36,000
4'2,00U
123.000
#16.435.000 #60.561,878
#456,004
Security
..
No statement, same as last
....
$14,699,874
310.00
794,1*4 (i
262.428
135.) 0O
213,9^0
‘237.66(1
3,667,1X0
1,0"; 000
430,000
9.'5.000
24,000
177.00
2 TTI.OtN'
357 657
21' .075
450.0) *0
436,1 KH)
320.000
829.000
96,000
231,000
4.3 3.000
2.1-8.000
677.000
600,000
606.803
1&3.000
luO.OOO
2.000
54l,92i
20.,175
2.328.1*00
1.251,000
3,66:.00(J
883,394
1.4'6.000
1.058.00C
275,000
750,000
1,900,000
250,000
1,327.3.5
6*2.925
3.41),null
1 189,000
823.358
1.001,118
333.) 00
2U.236
893 797
1m 8.358
8 .’5,UOO
202 000
14.300
211.000
2.342.579
1.211,000
PO.IKK!
21.0 0
10/ 0
885
577.000
59 ’.000
150,000
250. f 00
....
555.000
17-*.('67
242 016
628. 71
315.000
2 0.199
-
4.045.000
1.635.009
l,i« 1,207
1.539.7)0
378,986
2.2y:.iXK)
1.678.000
S,9:0.0(i()
1.1*29,000
200.000
310.000
88.6.6
7'3.47)
1,000.000
Consolidation
1,253.145
2,174,249
2.376,1 *0(1
400.000
Manufacturers’....
*
$1.000,0'0
2.039 0 )0
$3/28.000
3,8ll.nn0
#1,223.000
810.000
B a lk N. Liberties.
S vithwark
Total
.
000
6.173 mo
2,000,000
nmerclal
*
Total net
L. Tender Deposits.Clrculat’n.
Capital., Loans. 8n°cie.
#1,50U,00C #*.415,000 #107,000
575 IKK)
10 OX'"
182.100
#47,328.599 $11,484,896
week.
The deviations from the returns of previous week are as follow*:
Def'. #159,525 * Deposits
Dec. t6t'l, ’76
Loans
S »ecle
Legal Tender Notes
The following are the
T.
_
-
.
_
Date.
July
July
July
July
6
13
2fi
27
August
A)
I
„
Legal Tender.
82.3 381
466 939
15 918 633
15.516 1-0
1,508,9 1
415.687
16.510.111
59,84).°54
59.95>.83i
31.821
60.20 * 4 8
60.323,491
3
gust 10
535,7.87
16,412,858
Circulation
16.4.K1.996
16.011,145
11. *27,36:3
11.417.1)16
11.441,962
11.469,! C9
ll,48J,3f2
11,489 29:
11,498.0:8
17,5' '1.939
11,466.213
11.457.462
49,181 472
479.803
424,081
48,171,523
48.5**8,256
48.563.681
43/41.391
Sept. 7
Sept. 14
472,466
60
60.724.393
lf.l 8 51 8
4'!8.5 8
4'K) 496
471.324
456 004
60,564,873
18,280,212
15.3JS.583
14.699,374
47,9<'9.975
47,328.599
11,484,396
WASHINGTON, ■>. f.-PRICKS.
Bid. Ask
B d. Ask
Waah. Co. S. bonds, 7s, 1575
Chi ago Bell' f b n'1s, 7s, 1877.
Imp., 6s, p. 1891
do
7
189!
Market <*tock bonds, 7s. l-c92..
Water Stock bonds 7s, 19<>1....
do
do
1908....
Water <tock 6s, 186)
....
do
1871
Perm
.
5 year Cer?., 7 S-M,
Ten year Honda.#s,
1875
1878
Fund. Loan (>’on/ ) 6, g, 1892
do
.
(Le.*),6«^, 19 *2..
Cero. of Stock (1828) 5s, at pleas
no
(1843) 6s
do
Ches A o Can stk ( ’47) 6p,atpl.
Board of Public w orlis—
92
....
T
-TT
83*
85
82
82
do
do
do
do
85*
85
91
91
;
95
84
95
89
75
....
87
Cers., Gen. Imp. Se. 1871
95
18 5
1876
1377
1873
Series.
do
Certificates, Sewer, 8 B, 1871..
84
....
70
70
70
70
70
70
92
.
97
do
1875....
68
do
l<76
92%
do
do
do
1317....
1818....
Series.
68
»8
68
68
Water Cerilflcates ,8s
1877.
.
•
86
86
88
76
86*
85
85
63
...
1(0
..
•'s
10:*
...
•
•
■
•io
101*
97* 98*
Cheshire,fs
Eastern Mass., 7s
Hartford A Erie, 1st M (new)7. 23
28*
ICO
Ogdensburg A Lake ch. 8s....
Old Col. A Newport Bds, 7, ”77 104* H 4*
Rutland, new 7s.
Stansted A Chambly 7b
23
Verm’tCen., 1st M.,cons.,7,*86 20
Sunbury A Erie 1st
m.
do
•
,
do
do
do
do
do
8TA.TK AND OITY
•
99
Pennsylvania5b, coup
do
6s,’67, 5-10,1st... ltd
do
do
10-15, 2d...
do
4n
15-25. 3d
102
103*
.
ioi*
101
Philadelphia 6s, ill
do
10o*
6s, new
Alleghany County,5b,coup... le*
Alleghany City 6s
12
Pittsburg 5s
do
6b
do
7s
New Jersey State
Delaware State fis
6s, Exempts
103
40
47
86
Camden & Ailautlc
do
do
pref.:
Catawissa
...
do
pref
do
new pref.....
Elmira & 'Williamsport
Elmira A Williamsport pref..
East Pennsylvania
Harrisb’g. Lancaster AC
Huntington A Broad Top. ..
do
do
pref.
Lehigh Valley
Little 8chuylklll
465*
13
i5
42 }{
3:*
30
40
40
»*
4
8
6:*
Norristown
Northern Central
North Pennsylvania
Oil Cre ‘S. A Allegheny River
Penns/ivanla
Pnila^elpnia A Erie
^-iindelnhia A K adfng
61*
52*
54
89
i4*
90
21
48
48*
.%
53%
38 >•
13
:
55%
Philadelphia A Trenton
Huiia.,’Wliminvr.& Baltimore
United N. J. Companies
Westchester
do
pref
West Jersev
8
13
4'*
.2
Nesquehonlng Valley
hi*
33*
...
53*
54*
54*
121*
12?
£0
48*
CANAL STOCKS.
Chesapeake A Delaware
Delaware Division
46
Lehigh Navigation
Morris
15*
48
120
pref
do
49*
15*
Pennsylvania
Schuylkill Navigation
10
12*
Susquehanna
Union
— —......
RAILROAD BONDS.
68*
Alleghany Val. 7 3-10s. ’.396
do
83*
84
7s E. Ext.,1910
Belvidere Delaware.1st ni,6,*77 90*'
do
do
2d M. 6s,’35 83
do
do
3d M. 6s,’87 83
K2
Camden A Amboy. 6s, ’75
93
do
do
6 s,’83
90
do
do
6s,’89
do mort. 6s,’89... U>1*
do
s5
84
chat.
new
m.
do
7s, 1900
’88...
ioi*
.
•
58
!02
W’mspoi t, 1st m, 7s. ’80.
do 58,ptrp
Harrisburg 1st mort.6s.’83....
.12
El. A
do
98
105
H. A B. T. 1st mort. 7s, 90
do
2d mort. 7s, *75
3d m. cons. 7s,’95. 50
do
95
Ithaea A Athens g. 7b. ’90
Junction 1st mort. 6a, ’SS
do
2d
do
1900
100 V
Lehigh Valley, 6s, 1898
do
do
do reg, 1898 101*
do
do
do
7s. 1910 1*4*
Little SchuylkllUstM., 7, 1877,
Northern Central 2d m, fis. ’85
92%
do
do 3d m,6s, 1900 .. 90
do
con. m. g. 6s. 1°0(
Northern Pacific 7 3-10s. 1900.. 29*
North Penn. 1st m, 6s,'85
100
do/
2d m. 7s, ’96
W*
do
108
10s, chat.. m.,*77
do
gen. mort. 7s, 1903
Oil Creek A AI. R., con. 7s, '88. 45
Oil Creek 1st m. 7s. *82
Penn A N. Y.C AR R. 7«.’96-1fl06 103*
85
S5
goltf,
do
j
1
BA
.
•
*
.
,
* *
0
,,,,
9n%
68
g,^.
conv.,
♦
100
97
....
’97
.
.
.00*
102*
.
.
-
99
60
101*
102
105
98
91
92
92
39
L01
£%
76
77
*■6
00
78
87
88
scrip
•
..
•
•
•
75
LTliQOKE,
vlaryland fis, Jan., A.. J. A O.. 102
U6
do
fis, Delence
!01*
Baltimore fs of’75
do
1884
do
fis, 190C
do
1890 Park 6s
Baltimore A Ohio fis of ’75....
do
do
6s ol ’80...
do
do
fis of. 85...
Central Ohio, 1st M.,6
Marietta A Cin., 1st M.,7, 1891
do
do
2d M.,7, 1896.
Norfolk Water 8s
North. Cent. 2d M., 8. F., fi,’85.
do 3d M., 8. F., 6,190)
do
do
do 3d M. (Y. A C)6.’7'.
(ho
do Cons, (gold) 6,1!KX
Pitts. A Connellsv., 1st M.,7, ’98
do
do
1st M., 6,188
West Md.lstM., endorsed,#. ’94
1st M., unend.. 6,'90.
do
do
2d M.,endorsed 6,’90
Baltimore A Ohio stock......
00
.00
HX’
SO
V2
92*
8-
9-’%
90
95
91
80
99
80
9
170
6
42
42
Central Ohio
do
preferred
CINCINNATI,
80
Cincinnati 5s
do
fis
do
7s
90
100
01
do
7-SOs
Cincinnati Southern RR. 7s... 97
90
Ham. Co.,Ohio 8 p.c. ong ixL
7
do
do
7 p.c.,1 toSyrs
100
do
do
lg bds,7 A #.80Uln. A Cov.Bridge S'rck, * rei 97
do
bonds, short :>4
do
64
londs, long
37
Cin..Ham. A D., 1st AJ., ,, 80..
do
do
2d M.,7, 85... ! 0
!0t*
do
do
3d M., 8,77..
78
Uln.. Ham.A Ind.7sguar ....
66
Cin. A Indiana, 1st M.,7
.8
do
do
2d M.,7,1877.
Colum., A Xenia, 1st M., 7, ’90. 90
Dayton A Mich., 1st M.,7 81.. 94
do
2d M.,7,’84.. 87
do
85
do
do
3d M.,7.’88..
90
do To’do dep. bds,7, ’8l-’94
Dayton A West.. 1st M.,7,1905
do
1st M., 6, 1905.
do
65
75
91
70
-5
65
Cin. Ham. A Dayton stock....
Columbus A Xenia stock
16
40
guar 0*2
96
Dayton A Michigan stock
do
8 p c.st’k
Little Miami stock
104
107*
02
102
H 1*
DO*
1)1% ’01*
1(1% 102
102% )(3*
Parkersburg Branch
....
91
1(8
93
90
98
92
UK)
92
r6
i*6*
no
too
i71
15
=3
94
K0*
w*8
99
92
0*
102
100
«a
s7
S8
92
:('2
to
34
75
M2
95
8*
:8
91
90
80
3
Sfi
92
68
97
42
'4
97
81%
Louisville 6s, ’82 to ’87
do
6s, ’97 to ’98
do
Watei fis, ’87 to ’89..
do
Water Stock 6s, ’97.
do
Wharf 6s
do
special tax fis of’89
79*
0*
<2%
80*
3
1
80
SI*
62*
81*
*4
B6
►
5
71
85
71
85
8fi
97
82
82
97
*5
60
71*
do
do 1st M.,*. 1906....
Lo lisv.C. A Lex., IstM..7, ’97.
Lmila. A Fr’k., 1st M.,6, *70-”78.
do
Louisv. Loan,6.’81.
L. <* Nash. 1st M. (m.B.) 7. ’77..
do
Lou. Loan (m.s.)6, *8«-’R7
do
do
(Leb.Br.)fi,’86
do IstM. (Mem. Br)7.*70-75
do IstM.(Leb.br.ex)7, ’80-*8f
do Lou. L’n(Leb.br.ex)6,’9S
do Consol. 1st M..7,1898... 8 V*
8?*
io”
’ft
.
47
70
103*
86
72
86
87
48
83
88
•8
86
81
8
10
do
do
common.
59
40
Louisville A Nashville
ST. LOUIS.
St Louis fis, Long Bonds...... •91* *92'<
•99
*irO
Jo
Water fis gold
do
do
do
(new) *98
SI
32 ‘
North Missouri. 1st M.7»..
81
At.A Pacific guar, land grants
SO
25
•to
2i> M.
78
Pacific (of Mo.) is* M. gld..
79
do
do
• 2d M. 1 ds.
6a* 70
Kansa-i Pacific stocu
2*
2*
no
IstM gli68.J. A D.. 57
53
do
do
do F.AA
39
Pt2lflc RR of Mo. stock ~
40 ‘
*
And interest.
.
•
.
.
...
,
t
67
8 *
Jefferson., Mad. A Ind
Louisv., Cin. A Lex..pref
112
Dan., H. A Wilkes, 1st m.,7s,’67 52
100
East Penn. 1st nort.7s,’*8...
.
.
97*
RR.’97...
conv., *82.
leff., Mad. A I.lstM.(IAM)7, *81
do
do 2d M.,7,
89
onnerting fis 1900-1904
.
Vo*
LDUINVILLE.
94
consol., fis,’94...
Cam. A Atlan. let m, 7s. g. 1908 195
0
do
2dm, 7s. ’80..
Cam. A Burl ngton 8s, 13<7...
Catawissa, 1st M.conv.,’82... 102'
do
do
tl
.
S6
Ind., Cin. A Laf., 1st M.,7
do
(I. AC ) 1st M.,7,1886
Little Miami, 6,1883
6
12%
pref
do
•
....
’73
.
100*
RAILROAD STOCKS.
Mlnehlll
104
•••
.
•
.
2d Mort. 19V-
Susquehanna fis, *94
'
.
-
104
75
do
BONDS.
•
103*
Morris, 1st M.,6,1876...
do
2d M„ 1876
47
91
PHILADELPHIA.
.
CANAL BONDS.
.
.
82
f
Lehigh Navigation 6s,’34
Ex dividend
91*
«
78
boat, ’85
Ogdens. A L. Champlain
Pennsylvania 6e. 1910
do
do
pret..,.
106* 106* Schuylkill Nay. 1st m. 6s, ’97.
Old Colony
do
714
2d m., 6s, 19* 7
;
fort., Saco A Portsmouth
do
7
m. 6s, c. ’95..
Rutland common
do
25
6s, imp.,’3h..
25*
do
preferred
do fis, boat A ca ,191?
50
Vermont A Canada
do 7s. boat Acar,l91r
81
Vermont. A Massachusetts
42
8a
•
•03
83
97
Chesapeake A Dela. 6s, ’82....
.
147
Manchester & Lawrence
Northern ot New Hampshire.. 101% 1(5
118
120
Norwich A W orcester
•
us*
7s. '77.
Wllming. A Read.,1st M.,7,190<
62
60
.
•
W»'8i Chestercons. 7s, ’91
West Jersey 6s, *83
do
1st m. fis,’96
do
do
7s,’97
Western Penn. 6s,’93
do
do
68. p.b.,’9*
124*
Fitchburg.
...
Sunbury A Lewiston 7s. 1390..
Warren A F.*lst m. iB,’96
Delaware Division fis,
.
1)4*
...
101* 101*
Chic., Bur. A Quincy
9
9*
Cin., Sandusky A Clev.stock.
74%;
•
•
...
2
2d Mort., 7,1881
Vermont & Can., new, 8
Vermont & Mass., 1st M. 6,’83.
»S£
Boston A Albany stock
99*
Boston A Lowell stock
112
Boston A Maine
15 J
151
Boston A Providence
73
Cheshire preferred
61
•
•
92%
•
...
do
pf.
•
•
do
deb. bonds,’9?
79*
do
g.m.7s,c. 1911 104
do
do reg,1911
105*
do
6s, g., 1971.
do
new conv. 7s, 1893 704* 1<*«%
Phil.A Read. C.AI Co.deh.7s’ *2
79*
do
do 1st m. *8/92-3
89
Pit is., Cin. A 8t. Louis 7a...
63*
Shaniokin V. A Pottsv. 7s,DC!. 9’.
-99*
Portland 6s
Concord
Connecticut River
Connecticut A Passumpslc,
Eastern (Mass )
Eastern (New Hampshire)
•
81*
Philadelphia A Reading 6s, ’80 9'X
do
do
105%
7s, ’98
ICO
99
101*
do
gen.m., reg., 191C
Perkiomen 1st m.6s,’97
Phila. A Erie 1st m.6s,’81.....*
do
2d m. 7s. ’88,...
lUl
Chicago sewerage 7s
do
Municipal 7s
2d M.,6, 1875..
gen. m. 1910
"o
•
.
do
I'
Deposits
48.622 909
47.9 ) •* 8"6
43, 4 ’,332
48.7 7.028
59,6)4 871
59 ’02.648
An>-u«t 17
A ugust 24
Au ust 31
26,904
totals for a series of weeks past:
Specie.
_
Loans.
59 692 269
59 5'6.«00
Inc..
15.320 I Circulation
688,709 I
Dec.
Dec..
Pennsylvania, 1st M.,6,1380... 101*
BOSTON.
Maine 6s
New Hampshire, 6b
Vermont 6s
Massachusetts 6s, Gold
do
5s. Gold
Boston 6s, Currency
do
5s,gold
.
639.4j0
783.8ixi
#49,932.500 #25 013, ’(X)
Sept. 14, le $25.167,3(Hj
follows :
Circulation
O2.8<’0
635,4.10
r31,600
2.175.100
787.200
are as
60*
173
1.755.6K'
216..0D
131 700
00
if.
2. 90 500
5)6, 00
1.230 300
802,5(0
2,315.01*0
501,8)0
8 1.200
117 2)0
91,600
10,100
174, <00
9 8.5)0
89 500
3.600
213.400
2,438.000
127.861,200
124,490.600
•
3)2 5)0
957,200
317,100
,< 03 800
2 r4O2"0
Loans.
Julv 20
July 2T
August 3
August (0
8,951,0)0
680.700
1
123.106 900
July 13
6 ){J
3i9.7*)(
8'2,2oj
244.7j(
1.479 7*W)
174,500
760.5 0
7* 4,9()0
325,100
584,5(0
4!'0 6(H
962.5<)ii
71 I/O’
596,300
825.300
641,330
105.0)0
The deviations from last week’s returns
Loans
Increase..#1,560.0'Hi Deposits
following
841.S'.’O
5*2.600
245 900
45.1)0
14.600
100
Decrease.
Decrease.
939.600
0 0
4,K)
9 O
79,700
178,: 00
l'.SOUO
Total
>9 214,400
t49.350.00(’ #181,256.600 $‘2,670,4"0
The total amount “doe to other Banks.” as per statement of
Specie
Lott a 1 Tenders
354
241
440
*i3l
4.900
141.200
3.256 700
5.6 !1 2**0
1,000,000
1.500.000
Webster
51m 5 )0
1,124 0)0
34 500
4.819 600
'200,000
Security
659.700
228,300
84,600
9,119 4)0
t'OOO/WK)
1,500,000
2,000,000
56l.U0
792.6o(j
llS.llh.
526.500
3j0.U0’
1.814,110
84,300
154.600
262,400
l*»5,v«U0
181.400
700
117 8 o
793 9)0
872.600
6l,0.’0
7',500
869,300
19,6o0
35.500
18.600
46.100
194 0)0
14.1)0
41.600
4!.tH)0
3.14! ok:
1,9 5 aoc
i; 000,000
Exchange
!
Hide A Leather
Revere
20,900
f 7.700
82.800
290 900
4.823,100
1.313,100
5.219.500
1/41 000
6.09 MOb
8.)’70,000
2,000,000
1.000,000
1,000,000
1,500,000
'500.000
1,000,000
City
4,200
2.220.400
2.544.9UC
3.) 39.700
3 776 300
3.274 500
1,487 500
8.737.800
2.070,500
4.258.400
900,000
1,000.000
1.000.000
Washington
44.700
667.KOC
2 6 >2.100
3 250.8i 0
1,000,000
92.100
246.600
59.8 0
131,500
71.300
166 8 )0
88 4J0
127,10C
72.100
23.3()0
2,000
1.5
74 e.500
672 0J0
67,200
11,0 0
27,200
1.281.800
8,401,400
400,000
57.000
*
9,600
2,472 200
1.110.100
1.698,1)0
2.012.700
500,000
800.00C
*
64.300
1.762,700
1,000,000
*
37.200
.
901.700
2>7 400
1.766.400
2,535.:.) 0
200,000
49,0)0
12,000
16,100
2.302.700
1,000,000
800.000
1,000.000
750.000
1,834.100
938.4U0
651,600
291,800
6 3,000
55 iX’0
*
2.801,61 0
1,000,000
77 i 90
781 2ik»
577 3.T,
489.9* H)
17,5o0
1,130,800
2.653.700
1,000,000
1,000,000
Columbian..-.
#419,700
910.900
Bid. isk
8SOUBITIXS.
,
4.259,600
2.283.600
1.785.900
508.700
300
40.100
4 3 5) 0
Boylston
Broadway-
#540.600
67.1)0
3(0 200
11/U00
f iS.700
3.093.200
1,500,000
1,000.000
—
Date.
Jnne 29
July 6
Bid. Ask.
CJro.ul.
#105 900
51.566.900
1,500.000
Atlantic
Denoslts
Beecle. L.T. Notes
Capital.
#750,000
Banks.
The
QUOTATIONS IN BOSTON, PHILADELPHIA, BILTllflilRE. &c.
BXOUR1TIK8.
Sept. 14, 1874:
Atlas
Blackstone...
Boston
293
CHRONICLE
THE
.
•
•
•
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Bonds ana active Railroad Stocks are quoted on a previous •gage and not repeated here.
cent value, whatever the par may be.
"* N. T. Local’ Securities — "
" J --- " *”*
*'* ”
United States
Bellev’le A S.Ills. R.
Consolidation Coal of Md
C unberland Coal and Iron....
do
do
Vf ariposa Land
do
5s. !u«fi
8s, 1886 ..As.
8s Mont & Euf’la R..
do
8s. Alab. & Chat. K..
of 1894.
do
8s
Arkansas 6s, funded..
do
7s, L. R. A Ft. 8. las.
lo
7s, Memphis A L. R..
12
do
7s, endorse l
7s, Gold bonds
Indiana 5s
Illinois 6s donpon,’77
do
1879
do
War Loan
do
\
Kentucky 6s:
8
8
8
8
8
do
do
do
do
do
do
do
do
do new
bonds
floating debt
80
75
101
100%
ioo%
102
'00
21
7s, Penit mtlary
6s, levee bonds
8s
do
8s
do
1875..
8s
..Of 1910.
Michigan 6s, 1878-79
do
6s, 1883
do
7s, 1878
Missouri 69, due In 1874.
do
do
do
do
do
1(1314
73
21
Louisiana 6s
do new
do
do
do
do
do
do
1*75
1876.
1977
1878.
1879.
pref..
102 >4
102 %
104
«»%
99
98
99
96%
97
93 s
T*
....
18%"
2
210
....
....
9'%
do
do
2d
3d
do
dr
..
BBOTJBITIKB.
•
•
....
•
•
44*
•
•
90
T
T
Pt
«•••
...
88*
76
69
....
63
-
•
.
-
....
Rome A Watertown
•
#
....
99*
•
Ask
Southwestern RR.8 s
94
si
Oswego A Rome 7s, guar
77
74
Peori a.Pekin ft 1.1st m.......
55
Peoria* Rock I. 7’s, gold ....
35
25
Port Huron A L M.Ts, gld, end.
do
do
7s, gold....
100
Pullman Palace Car Co. stock
ICO
do bonds, 6s, 1st series 92%
15
RockfM.lt 1. A 8t. L.1st7s,gld
95
65
...
Bid
Omaha A
...
*
80
p§
Equip. Bds....
io ' Rome, W. A Ogdensburg7s... 15
ton*. Convert. 56
Rondont A Oswego 7s,gold...
79
Hannibal A Naples 1st M
Sioux Citv A Pacific 6b
Great Western, lit M., 1888.... 85
75
South Pacific 6's,gold
70
2d M. 1893.... t3
do
47
Southern Minn, construe. Ss.
67
Quincy A Tol., 1st M.t 1890
do
do 7s
til. A So. Iowa. 1st Mort
St.Jo.AC.Bl. st M.,10s
Lafayette, Bl’n A MIbs. 1st M.
do
do
8 p. C!
Han. A Cent. Missouri 1st M..
14**
St. Jo. A Den. C.8s,goid,W D.
25
Pekin,Lincoln A Decatur IstM
do
do 8s, gold, E. D 82
Cm., Lafayette A Chic. 1st M.
Del. A Hudson Canal 1st M.’91 103" !04% Sandusky, Mans. A Newark 7s 95
St.Louis, Vandalia A T H.lst 77
do
do
1884 103
do
do
Cd guar
do
do
1887
St.L. A So’eastern 1st 7s,gold
Long Island RR 1st M
St.L..A St. Joseph, 1st,6s,gld 75
Nashville A Decatur 1st M. 7s
Southern Central of N. Y. 7s..
South Side, L.l, 1st Mort. bds 78*'
Union A Logansport7s
Western Union Tel. 1st M.7s.. 99% 100
40
..
Boat., Hartf. A Erie, 1st M. ..
do
Guaranteed
do
Bur., C. Paplds A Minn.1st 7s,g
Chesapeake A O. 6e, 1st m...
do
do
ex coup
Chic. A Alton Sinking Fund.,
do
do
1st Mortgage...
do
do
Income
Joliet A Chicago, 1st Mort
Louisiana A Mo.. 1st M. guar.
St. Louis, Jack. A Chic. 1st M.
Chic., Bur. A Q. 8 n c. 1** M..
Chic. R. IslanQ A Pacific
Central ofN. J., 1st M., new.,
do
do
2d Mort.
d>
do con.conv
Am. Dock A Improve, bonds.
Mil, A St. Paui 1st M. 88 P.D.
do
do
do 7 3-10do
do
Ts gold R. D.
do
ao
do 1st Mort. LaC.D
do
do 1st M. I.A M.D.
do
do
1st M. I. AD.,
do
do
1st M. I. A I...
do
do
1st M. H. A D.
1st M. C. A M.
do
do
2d Mort
do
do
do
Railroad Ronds,
Albany A Susqh’a, 1st bonds.. 103%
do
7s, L.R..P. B.AN.O
Jo
7s, Miss. O. & K. Rlv.
is Ark. Cent II
do
California 7s
.*..... 111
do
7s, large bonds
do
do
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
o
Connecticut 6s
Georgia 6s
'do
7s, new bonds
A M. Co
Tol., Peoria A Warsaw, E, D.
do
do
W. D..
do
do
Buri'n Div
do
co
2d M
do
do Consol. 7s..
Tol. A Wab’h, 1st Mort. ext’d.
do
1st M. St L div.
48
45
IstM. 8’s.
the
Prices^ represent the p
7--‘
Bid. Ask.
—
—
American Coal
State Bond*.
Alabama fie, 1883
BBOUBITIKB.
Bid. Ask.
•ECUBITIKB.
Bid, Ask
BBOUBITIBS.
■
{September 19,1874.
THE CHRONICLE.
294
...
t
50
60
..«
.
50
•
••
4
....
....
50
40
106
...
•
•
....
•
-
t
103
(.
o2%
95
110
97
....
1-6%
105
105%
lOf 102* *
•
-
Miscellaneous List.
Arkansas Levee hoods 7s
Atchison A P. Pk,6s gold
Atlantic A Pacific L Or. 6s gld
Atchison, Top. A S. Fe 7s gld.
Atchison A Nebraska 8 p. c....
Bur. A Mo. River, stock...
99
.
104%
89
91
~W 87"
78
do
do
...
dn
do
do
do
do
2d M
do
do
Jtalc. A N. Western S.Fnud..
91
Int. Bonds
do
do
do
Consol, bds 38% 85
do
Extn. Bds
do
do
96* 98"
do
1st Mort
do
do coup gld bds 77
do
do reghl
do
do
Iowa Midland, 1st mort.,8s...
Galena A Chicago Extended . 166%
do
2d Moit... 99:4,
96%
Peninsula 1st Mort., conv. ...
Chic. A Milwaukee 1st Mort... 91% 92%
Winona A St. Peters 1st m
do
2d m.. .
C. C. C. A Ind’s 1st M, 7s, S. F. 103% 104"
104
105%
Del., Lack. A Western, 1st M.
do
2dM.. 104
do
....
branches, gld
Walkill Valley 1st7s,gold ....
West. Wisconsin 7s, gold
Union Pac.. j-o.
...
do
do
....
Land M. 7s..
2d 8., do 7s..
3d S.. do fis..
4th 8.,do 88...
do
5th S., do 8s..
do
6th 8., do 88..
do
do Creston Branch
do Charlton Branch
do
do
fin
11
13
50
25
37%
60%
,,
,
40
97
97
Wisconsin Valley 8s—
9;%
•
•
•
•
Charleston, S. C., 7s, F.L. bds...
~f8~
98
99
Columbus, Ga., 7s, bonds
....
99
Lynchburg 6s
Macon 7s, Bonds
Memphis old bonds, 6s
do
new bonds.6s
do
end.,M. A C.R.R....
-» *
92
92
65
96
50
77
80
70
50
65
T>
r2
50
65
Columbia,S. C., 6s
...
X..
X..
60
60
eo
85
50
70
75
CITIES.
Atlanta, Ga., 7s
do
8s
Augusta, Ga.,7s,bonds
Charleston stock 6s
99
85
100
80
170
Securities.
Southern
45
is"
33%
73
40
40
72
88
85
55
.0
62
75
74
75
45
42
55
40
40
70
Bur., C. R. A M. (M. div.)g.7s.
48
99
Burl. A M. (in Neb.) 1st conv..
Funding bonds due in 1894.. 9J*
SO
94%
57
MoblleSs
Cairo A Fulton 1st 7s, gold....
Long bonds due ’81 to '91 lncl
33
ao
8s
California A Oregon 6s, gold..
65
Asylum or Univ^rs,, due 18-12
Montgomerys
H. A St. .io. fund b, due 1875
California Pac. KR.7’s, gld....
80
Nashville 6s, old
do
6s, 2d M., gld
do
do 1878. 91
70
60
do
6s. new
do
do 1886.
Canada Southern 1st 7s, gold..
50
90
New Orleans 5s
do
do 1837. 91
65
Central Pac. 7s, gold, conv
1U7%
85
ao
do
consol.6s
do
Land G. 6s g
Now York Bounty Loan,reg..
45
30
107*4
25
bonds, 7s
do
do
do
do
coup
do
Central of Iowa. 1st M, 7’s gld.
65
108
do
do
10s
do
2d M, 7’s, gld
42
QO
6s, Canal Loan 1874. 103
160"
98
do
do
to railroads, 6s
Keokuk A 8t. Paul, 8s—
68
do
6s, do do
1875.. 103
98
100
Norfolk Cs
70
do
Carthage A Bur. 8b
6s, do do
1877.. it 8
at 93
Peters!urg 6s....32
do
Dixon, Peoria A Han., 8s.
1378.. 118
6s, do do
98
100
Richmond 6s...
O.O. A Fox R. Valley 8s.
32
:03
do
6-*, Cold reg. 1837.. 108
7s. conv.
do
do
93
1 0
Savannah 7s,old .
82
107
do
Quincy* Warsaw, 8s....
6s, do coup.18-7.. 103
1st Mort
irris A Essex.
P u
98
1(0
7s, new
do
102
65
Ill. Grand Trunk
do
6s, do loan. 1883..
2d Mort
do
do
109
35
40
Wilmington, N.C.,6sgold
89
do 1891..
30
do
6s, do
Chic., Dub. A Minn., 8s.. r.
Conv. bonds
do
do
do
do
8s gold....*
f. 97 100
do
do
89
1875..
do
Peoria A Hannibal R. 8’s. 0*7
5s,
Construction
do
do
95
KATLROADS.
do
98
1876
90
do
98% Chicago A Iowa R.S’s....
58, do
7s of 1871
do
no
2)
97
i66
25
Ala. A Chatt., 1st, M, 8s, end... 20
103
52
N >rtn Carolina 6s, old, J. & 4. 20
103% American Central 8s
Erie 1st Mortgage Extended
95
Ala. A Tenn. R, 1st M.,7s....
do
A & O.
42
do
Chi. A Southwestern RK.7’s..
do
Endorsed..
do
do
42
15
do
2d M.,7s
100
68
do N. C. K.R. JAJ....
do
Chesapeake A O. 2d m. gold 7s 85
do 2d do
7s, 1879
90
Atlantic A Gulf consol
A. & O.... 42
97
do do
99
do
Col. A Hock. V. 1st 78, SO yrs . 63
*•
do
do 3d
7e, 1883
23
90
do
do
end. Savan’h
10
do
lst.7s. 10 yrs..
do do coup otf, J. * J
99% UO
do
do
7s, 1880
do 4th do
23
80
do
do
stock
95
do do do oil', A A < >.
do
do
2d 7s, 20 yrs...
30
do
7s. 1838.
do 51h do
15
35
50
do guaran.
do
do
Funding Act, 1866.
95
do
do
Chicago, C. A Dub. 8<
do 7s, cons. mort. gold bds..
97
93
Central Georgia, 1st M.,7b.....
do
186c. 14
64
do
99%
do
Chicago, Bur. A Quincy 7s— 40
Long Dock Bonds
fO
do
do
consol. M. <s
do new bonds, J. & «J60
Chic. Danv. A Vincen s 78, gld
ao
Bull'. N. Y. A E. 1st M., 1877.... 80%
45
do
stock
A.&O.
do
do
67
do
Chic. A Can. South. 1st m gl 7s
do
do
large binds..
40
50
Charlotte, Col. ft A., 1st m.,7s.
do Spec'l Tax, Class !
35
do
ChM D. A V., I.div., 1 m gfd 7s
Gan. A St. Jo. Lana Grants...
8
do~
do
stock
Class 2
do
73”
62
do
do
Cleve., Mt. V. A Del. 7s, gold.
do
do 8s convertible m.
95
7
Class 3
Charleston* Savannah6s,end.
do
do
Connecticut Valley 7s
70
do
00
70
Savannah ami Char., 1st m.,7s.
101% Illinois Central 7 p. ct.,1875...
90
Connecticut Western 1st 7s....
Ohio 68, 1875
Dab A Sioux C„ 1st, M
60
lc8
Cheraw and Darlington 7s..:.
72
Chic. A Mich. L. Shore
do 6s, 1881
do
do
2d div
65
103
106
East Tenn. A Geci gia 6s
72
so" Dan., Urb., Bl. A P. 1st m 7 gld
do 6s, 1886
Cedar Falls A Minn. 1st M....
103
East Tenn.A Va. 6b end. Tenn
48
87
65
Des Moines A Ft. Dodge 1st 7s.
Rhode Island 6s..
Indianap., Bl. A W. IstM .. ..
26
E.Tenn.,VaA Ga., let M.,7s..
V
60
Detroit, Hillsdale A In. RR.8’s
8 null Carolina 6s.
do
do
2d M
do
stock
do
lOtT
90
do
Jan. & July...
Detroit A Bay Citv 8s
do
Mich. So. 7 per ct. 2d Mort
60
60
Georgia K. K., 7s
85
105
do
April* Oct...
do
Det., Eel River A 111. Ss
Mich. 8. A N i. S. F.7p.c.... 103*
do
stock
53
102
do Funding Act, 1866
Det..Lans. ALakeM. 1stm. 8s
do
Cleve. A Tol. Sinking Fund .. 99
Greenville A Col. 7s, gnar
50
100
do
do
2d m. 8s
do
Land C, 1889, J * J
do
Cleve. A Tol.,new bonds
46'
do
7s, certlf..
do
HO
75
Dutchess A Columbia 7s
do Land C, 1889, A*O
do
Cleve., P’ville A Ash., old bds.
65
Macon A Brunswick end. 7s...
81
do 7s..
of 1883
Denver Pacific 7s, gold
do
do
do new bds. 99%
70
Macon A Western stock
97
88
do
nonfundable bds
Denver A Rio Grande 7s, gold
do
88
Detroit, Monroe A Tol bonds. 99%
80
Macon and Augusta bonds... .
90
100% Evansville A Crawfordsv; 7s..
Tennessee 6s, old
Buffalo A Erie, new bonds ...
85
50
53
do
do
endorsed .
98
100
15
Erie A Pittsburgh 1st 7s.......
do
do ex coupon
buffalo A State Line 7s
75
do
do
stock
80
do
81
2d 7s
do
do new bonds
65
50
50% Kalamazoo A W. Pigeon, 1st.. 98% ICO
Memphis A Charleston, 1st 7s..
do
7s, equip....
65
do
d)
do ex coupon
Lake Shore Div. bonds
do
do
2d 78..
99
16
do
do new series 5034 50%
Evansville,Hen. A Nasnv.7s..
do
do
Cons. coup. 1st.,
84*'
do
do
stock.
65
Elizabethtown A Padu. 8s con
Texas, 10s, of 1876
do
Cons. reg. 1st...
83
80
90~
Memphis A Little R. IstM....
85
Evansville, T II A Chic 7s. gld
Virginia 6s, old
do
C ms. ccup. 2d.,
Mississippi Central, 1st m.,7s.
95
92
85
do new bonds, 1866 ..
Flint A Pere M. 7s, Land Gr.. 90
do
do
Cons. reg. 2d—
do
2dm., 8s...
80
1867...
do
Fort W., Jackson A Sag. 8s...
do
do
Marietta A Cln., 1st Mort
Mississippi ATenn.,l8tm.,7s.
102
80
do consol, bonds
98* Grand R. A Ind. 7s, gold,guar. l66
do
Mich.Cent.,Consol. 7s, 1902... iii
do
do consoid.,3
80
do
2d series.,
do
do 7s, plain
60
do
do
do
1st M. 8s, 1882
9*
92
Montgomery A WestP..1st 8s..
Grand River Valley 8s
do deterred do
do
New Jersey Southern 1st m 6*
do
do 1st end.
65
60
Hons. A Tex. C. 1st 7s gold...
do
consol. 7s 102*"
do
do
do Income
103
70
Indianap. A Vincen. 1st 7s,guar
Railroad Stock*.
New York A N. Haven 6s
95
95*' Mont.A Eufaula 1st 8s,gld end
80
95% Iowa Falls A Sioux C. 1st 7s...
N. Y. Central 6s, 1883
(Active previously quoted.)
Mobile A Mont.. 8s gold,end..
68
95%
75
95% Indianapolis A St. Louis 7s
6s 1387
do Albany * Susquehanna
Mobile A Ohio sterling
69
92
96
90
71
Jackson, Lansin r A Sag. 8s...
6s real estate ..
do
Central Pacific
do
do
do
ex ctfs.
92
90
70
Jack..,N.W.AS.K. 1st in gl s7
98* 10b
do
6-*. subscription.
Chicago & Alton
do
do
8s, interest....
101
57%
67
Kansas Pac. 78, Extension, gld 50
do
7s. 1876
do
pref
do
do
2 mtg, 8s
do
75
do
16
7s, Land Gr., gld.
m
do
7s, conv. 1876 ...
Chic. Bur & Quincy
do
stock
do
65
95
do
7s,
do new, gld
do
78, 1865-76
Cleve., Col., Cm. A Ind........
N. Orleans A Jacks. 2dM.Rs.
55
ioT 103"
do
68, g’d, Jun A Dec
95
37% 67%
oui
no A Hud. 1st mort ,CO
Cleve. A Pittsburg, guar....
do
do
cert’8,88.
60
10?% 108
do
68, do Feb A Aug
85
1st mort , re
do
Dubuque A Sioux Citv
N.Orleans A OpelonB.lstM.8s
80
105
do
80
7s, 1876, Land Gr.
Erie prut
Hud. K. 7s, 2d M. S. F. 1885..’I..
Nashville A Chattanooga, 6s...
60
102* 103%
do
Ts, Leaven. Brch.
98
Hannibal & St. Joseph, pref.,
do
7s, 3d Mort., 1875
Norfolk* Petersburg 1st m.,8s
25
107% 107%
do
Incomes.No.il..
88
Harlem nret
Harlem, 1st mort. 7s, coup....
do
do
7s
15
106*
do
do
No 16..
82
39
91
do
do
reg
Illinois Central
do
do 2d mo., 8s
5
83
7%
do
Stor k
92
100
North Missouri 1st mort
Joliet & Chicago
85
91% Kalamazoo A South H.8s,gnar 92% '.02 - Northeastern, S.C.,lst M.8s....
Ohio A Miss., consol, sink. f...
Long Island
do
'
2d M. ,8s
95
90% Kal.,Alleghan AG R.8s,guar
90
Consolidated....
do
Marietta & Cln., 1st preferred 16
65
Orange and Alex., lets, 6s
40
Pigeon 7s .. .
Kal. A White
82
8
do
do
2d
do
2d pref
do
do
2ds, 6s......
100
90
90% 91
91
Kansas City A Cameron 10s
73% 74% Central Pacific told Bonds....
do
Michigan Central
3dB, 8s
75
Kan. C.t St. Jo. A C. B.8s of *35
97
Mate Aid bds.
do
Morris A Es^ex
do
4tbs,8s
82*
do 8s of 1896
do
do
90
Western Pacific bonds
Mo., Kansas & Texas
Ktchm’d A Peterb’g 1st m., 7s.
86% 86% Keokuk & Des Moines 1st 7s
80
2%
Onion Pacific 1st M’geBonds.
New Jersey Southern
60* * Rich.,Fre’ksb’g A Poto.6s—
38% 88* L. Onr. Shore RIt. 1st m. gld 7s
80
133
do
Land Grants. 7b.
N, Y., New Haven & Hartford 132
do
do
do conv. 7s.
68
89%
Lake Sup. A Miss. 1st 7’s,gld. 44
do
Income past due
Ohio* Mississippi, preterred.
Rich, and Danv. 1st cons’d 6s..
85
70
Sinking Fund... 74% 74% Leav., Atch. A N. W. 7s, guar
do
Pacific of Missouri
South A North Ala. 1st M. Sb.
i$" 60
78* 73% Leav! Law. A Gal. 1st M.,10s.
Pitts., Ft W. A Chic., guar... 92% 92 * PaclflcR.of Mo. 1st M
88
Southside, Va., 1st M. 8s
85
Louisiana A Mo. Riv. 1st m. 7i
do
1st Carond’t ft
do
do
special..
do
?d M. guar. 6s
35
30
108%
Logans., Craw, ft S. W. 8s, gld
do
uo
2d M
Rensselaer A Saratoga
do
3d M. 6s
95%
81)' Pacific R.7s guart’d by Mo... 100
Michigan Air Line, 8s
Rome, Watertown AOgdens..
do
•
4th M. 8s
55
1C6* Mo.itlc.ello A P. Jervis7s,gold
Pitts., Ft. W. A Chic., 1st M.... 106
St. Louis, Alton A T. Haute...
Southwest RR.,Ga., IstM....
40
Montclair 1st 7s, gold
do
do
2d Mort.
do
pref
do
stock...
o
Mo., Kan. A Texas 7s gold
95
do
do
3d Mort. “95"
Belleville A So. Illinois, pref
50
S. Carolina RR. 1st M 7s (new)
100
20
50
Cleve. A Fitts. Consol, S. F'd.
do
6s
St. Lculs Iron Mount. A South
5"
101
It'S
do
do
2d M.jlOs
55
Sd Mort
do
do
do
Toledo, Peoria A Warsaw
78
50
43
91% 92% N. J. Mldlana lst7s, gold.
12
0«>
do
4tb Mort
do
stork
Toledo. Wab A Western, pret
30
69
2d 7s
do
65,
Col.. Chic. A Ind. C., 1st Mort
West Alabama 8s, gu^r
23
lTli*cellaneouN Stock*
22
N. Y. A Osw. Mid. 1st 7s, gold, 25
do
do
2d Mort
past dub ooup< KB. ,
10
American District Telegraph. 33
4
2d 7s, conv.
do
do
50
St. L. A Iron Mountain, 1st M. 84
Tennessee Stat^iloupons
10
A tlantic A Pacific Telegraph.
do
West Extension 7s.
80
do
do
2d"' 57
33
B >ston Water Power
Virginia Coupons...
N. Haven, Middiet. A W. 7s.... 33
84
80
Alton ft T. H„ 1st M
ao
Consol, (.oup
31
Canton Co., Baltimore
North. Pac. 1st mjrold 7 8-10s 29
45
2d M. pref..
39
do
do
O »nt. N. J. Land Injprov. Co. 89
85
Memphis City Coupons........
do
-Land Wart ants... 23
7s;'f
l 72*
do
2d M.lncon
do
Delaware A Hudson Can^l,,... 1114% 114*
....
0
„
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S..I
September 19, 1874j
InDcatment©
STATE, CITY AND CORPORATION FINANCES.
EXPLANATION OF STOCK AND BOND TABLES.
Price* of the most Active Stocks and Bonds are
given in the “ Bank¬
ers’ Gazette,” previously.
Full quotations of all other securities will be
found on preceding pages.
2. Government Securities, wit'll full information in
regard to each
ssue, the periods of interest payment, size or denomination of bonds, and
numerous other details, are given in the U. S. Debt
statement published in
The Chronicle on the first of each month.
3. City Bonds, and Bank,
Insurance, City Railroad and
Gas Stocks, with quotations, will usually be published the
first three
weeks of each month, on the page immediately preceding this.
4. The Complete Tables of State
Securities, City Securi•
ties, and Railroad and Miscellaneous Stocks and Bonds
last Saturday in each month. The publi¬
will be regularly published on the
cation of these tables, occupying
fourteen pages, requires the issue of a
supplement, which is neatly stitched in with the usual edition and furnished
to all regular subscribers of The
Chronicle.
295
gage bonds of the C. C. & I. C. road, lately in default, and says:
The Pennsylvania Railroad
Company and the Pittsburg Cincin¬
nati and St. Louis
Railway Company desire to state to all parties
in interest that neither of said
companies ever authorized this or
any other statement or the placing thereof upon any of said
bonds or on any other bonds of the said Columbus
Chicago and
Indiana Central Railway
Company, and they were not aware of
the existence of any such statement until after the failure of the
“
AND
1
n
THE CHRONICLE
-
Virginia State Finances.—The following circular has j ust been
issued by Gov. Kemper of Virginia and the Hon. Mr.
Hunter,Treas¬
urer of the Commonwealth.—To the Creditors of
Virginia:
Pursuant to authority vested in the Governor and Treasurer
by a
Columbus
Chicago and Indiana Railway Company to
pay interest
mortgage bonds August 1, 1874. These second
mortgage bonds are not included in the terms of the existing
lease of the Columbus,
Chicago and Indiana Central Railway to
the Pittsburg Cincinnati and St. Louis
Railway Company, and
neither that company as lessee nor the
Pennsylvania Railroad
Company as its guarantor for the fulfilment of the conditions of
the leases, is in any
way responsible for these bonds or the
interest thereof, unless there should be a
surplus of net earn¬
ings or rental applicable thereto under the terms of the lease
under which this line is now operated.
on
its second
Detroit & Milwaukee.—Alexander II. Sibley, of New York
city ; Donald Mclnness, of Hamilton, Ont°rio ;and Henry Ledyard,
of Newport, R. I.,
through their solicitor, Sydney D. Miller,
have commenced a suit in
equity in the United States Circuit
Court at Detroit, against the Detroit and Milwaukee Railroad
Company, for the foreclosure of a certain mortgage given to
secure the
payment of $2,500,000 bonds issued by the company.
joint resolution of the General Assembly of Virginia, approved
April 30, 1874, we invite and appoint a conference, to be held in
the Capitol at Richmond, at 12 o'clock, m., on
Tuesday, the 10th
Hoosac Tunnel.—The Governor and Council of Massachusetts
day of November next, between all the creditors of the State—
have made a contract with
home and foreign—or their duly accredited
the^Pennsylvania* Steel Rail Company
deputies, and the
undersigned, as Commissioners for Virginia. The object of the for furnishing the rails for the tunnel, to be delivered by the 1st
of October.
conference is to effect such exact and authentic
The tunnel is now nearly complete, with the
excep¬
understanding of tion of
the resources and liabilities of
some
arching and other brick-work.
Virginia, and to consider such pro¬
positions for final agreement between the parties interested, as
Louisville Cincinnati & Lexington.—The Chancery Court
will afford the best attainable
security for the rights and interests at Louisville decided Sept.
16 that the Louisville Cincinnati &
both of public creditors and the commonwealth.
Lexington Short Line Railroad should go into the hands of a re¬
Baltimore & Potomac Railroad.—
ceiver, probably either Samuel Gill or J. B. Wilder.
The Baltimore & Potomac Railroad
Company was incorporated
Maryland & Delaware.—This road is advertised for sale by
in May, 1853.
The charter, however, was a dead letter until the Trustee at Towsontown, Md., an Wednesday the 30th inst.
1869, when the Northern Central Railway Company, backed by
Montclair.—William B. Leonard, James Yereance, Charles. L.
the Pennsylvania Railroad
Company, determined to build the
Perkins, J. D. Neufville and C. W. Hassler, constituting the Com¬
road between Baltimore and
Washington, and make it the inlet
to their Southern lines.
The road was opened from Baltimore mittee of the first mortgage bondholders of the Montclair Rail¬
to Washington July 2, 1872, and from Bowie to
Pope’s Creek way, met this week and received a proposition from the second
January 1, 1873. The tunnel under Baltimore, which connects mortgage bondholders to the effect that the latter would advance
the main line with the Northern Central, was
brought into use $600,000 to finish the road from Monk’s to the State line, a dis¬
January 29, 1873. This tunnel is one of the most magnificent tance of 4£ miles, pay for the 6£ miles of unpaid and unowned
works of the kind in the United States.
right of way, finish the tunnel at Montclair, etc., provided the
first mortgage bondholders would make this advance of
$600,000
Main Line.—Baltimore, Md., to Pope’s Creek, Md
7310 miles.
a preference lien over the first
Branch Line.—Bowie, Md., to Washington, D. C
mortgages.
After receiving this
19*18
“
proposition the first mortgage committee adjourned so that there
Sidings, depot and terminal tracks
4 06
“
9 inches. Rail, 56 and 64 pounds.
Gauge, 4 feet
might be more reflection before action.
.
Equipment.—Locomotive engines, 26. Passenger cars, 46; baggage, mail and
express, 9; and freight cars, 300
Total of all cars, 355.
Gives Earnings— Passenger, $243,689;
freight $125,063; and miscellaneous,
$12,785.
Total
$381,5 37
381,467
Operating Expenses.—Including taxes, &c
Nett Earnings.—Earnings over expenses
70
Financial Condition.—Capital stock, $3,503,900; 1st mortgage 6
per cent gold
(RR.) bonds, tax free, ane April 1, 1911, $3,000,000; 1st mortgage 6 per cent
gold (tunnel) bonds, due July 1, 1911, $1,500,000; cash advances from Penn.
RR. Co., and current liabilities, $884,837; and balance to credit of
profit' and
los;j, $19,180.
Total
$8,907,917
Per Contra— Railroad and tunnel appurtenances,
$8,136,011; equipment,
$654,991; and materials, current assets and cash. $116,915. Total.. $8,907,917
Directors
1874.—George B. Roberts, Samuel Cox, Eli G. Henkle, J. N.
Barry, B. F. Newcomer, George Small, und William T. Walters.
Pt'esident, Oden Bowie; Secretary and Auditor, S. Little; Treasurer, J. S.
Leib; and Gener d Superintendent, E. L. Du Barry.
General Offices
Calvert Station, Baltimore, Md.
for
Du
Chicago & Northwestern.—A letter from Mr. Albert Keep,
President, to the Board of Railroad Commissioners of Wisconsin,
contains the following: “ The Commissioners say that, under the
Potter law, and doing the same amount of business as last year,
the railroad companies would lose less than 5 per cent of their
gross earnings.
After the most careful investigation the officers
of this company are satisfied that, under the Potter
law, and
doing the same amonnt of business as last year, this company
would lose at least 25 per cent of its gross
earnings, and that this
fact is capable of the plainest demonstration.”
Cincinnati
of Directors
Rockport & Southwestern.—The following Board
was
elected
Aug. 25
:
Pacific Mail
Steamship Company.—Telegrams announcing
that the Pacific Mail
Steamship Company had bought the British
Vancouver, were incorrect. The company have leased
the two steamships, Vancouver and Vasco de Gama, and will add
them to their fleet at an early day. The arrangements are not
yet completed, but it is thought the two vessels will be placed
on the Shanghai and Yokohama route.
The time ot the sailing
of the new steamship City of
Peking has been postponed to
September 22.
steamer
Pennsylvania Railroad.—
The committee
appointed at the last annual meeting ot the
stockholders of this company to make an investigation of its
affairp and report to stockholders, have concluded their ex¬
haustive labors and submitted
volume of
as
the result thereof
a
printed
240 pages.
We should be glad to print the entire
report in the Chronicle, but that is manifestly impossible, and
we give the following
complete summary of the points reported
by the committee and the resolutions which they recommend to
pome
stockholders for their action.
As
a
net result of the examination
into the value of the
at the very
company’s property, the committee arrives
satisfactory conclusion that—
The total assets are
Bonded debt and other liabilities
S. S. L. Hommedieu, E. H.
$178,371,778
59.416,373
Leaving a valuation of
Sabin, Jacob Seasongood, Wm. Hannaman, Henry Lewis, Francis
$118,955,405
68,144,475
Smith, F. M. Sabin, John A. Minn, Aquilla Jones, M. N. Moore, Against which is the capital stock of
W. O. Rockwood, H. G. Hannaman, and Clement Doane. The
Leaving as surplus
$50,810,930
Board met in Indianapolis Sept. 7, and organized by
electing
Which makes each share of $50 represent a value of $87.28, or
Wm. Hannaman, Esq., of Smith & Hannaman, president, E. H.
Sabin, vice-president and general superintendent, and Henry G. $37.28 above its par.
Hannaman, secretary and treasurer.
The report is too extended to be reviewed
hastily, and in a
It is of some interest to the financial world to know that a
future issue we may point out more fully the various matters in
comparatively new era in railroad building is inaugurated by this
company by the construction of an important coal and freight regard to which it sheds new light upon the company’s fiffairs,
road, entirely by western stockholders and with western money. or conveys any different impressions from those given
by
This, too, in the face of the great financial depression which has the
company's annual report. In the meantime we quote the
existed since last year; for although a first mortgage
upon the
road and 6,000 acres of coal land owned
by the company, securing compendium of the committee’s work and the resolutions pro¬
$240,000, or $6,000 per mile, was executed, the issue still remains posed by them as follows:
unsold for want of an appreciative market. Besides this, work
The following is the resume of the entire report.:
has
been accomplished without the accumulation of
debt.
a
floating
6
Columbus Chicago & Indiana Central.—
Mr. Thos. A. Scott, president of the Pennsylvania
Railroad, pub.
lislies a notice in regard to an endorsement on the second mort.
Your committee, before closing their report, by condensing its
many pages
into a few paragraphs, desire to give that which will be acceptable to most
readers—the pith or point thereof.
1. We have given you a detailed explanation and introdneed onr valuations
of the different items In .tbe general account, as submitted by the Board of
Directors, to December 31, 1873, and have shown that the assets of the com¬
$118,955,405 08 over and above its bonded and other indebted-
pany are worth
[September 19, 1874
THE CHRONICLE.
296
December 81,1873,
of stock represent
coal interests held by
your company, and that each mile of single track represents a real value of
$45,436, while on your books it shows but $19,728 59.
We have given you a detailed statement of your liabilities, as indorser of
bonds of other companies, as guarantor of rentals for leases of railroads, both
where you are the principal and where guarantor for the faithful performance
of contracts by other companies
rlhat as Indorser of bonds you are liable for
the principal and interest of $33,983,00'\ the annual interest of which amounts
to $2,106,440, and for the annual paymentof $180,000—the interest of $3,000,000
of bonds, and a liability for rentals guaranteed of $13,362,319 94, on all of
and deducting the amount of capital stock issued to
leaves a surplus value of $50,810,930 03, making each share
$87 28, excluding any increased value in the anthracite
ness,
v.
and this was confined
shown you that,
which there was a deficiency in 1873 of but $1,470,129 45,
We have further
to roads and interests east of Pittsburg.
estimating for 1874, this amount will be largely
from this cause should not exceed $280,000.
3. We have at great length discussed all the lines of
In 1875. for
In 1830, for
In 1910, for
In 1905, for
the second mortgage, amounting to
the first mortgage, amounting to
the general mortgage, .amounting to
the consolidated mortgage, amounting
4,865,000
4.970,000
:
to (£2,000,000
@$4 85 — $9,700,u0 •)
And to furnish means to meet the cost of improvements and en¬
largements consequent on increased trade, about, per year.. .
2. FOR THE RAILROADS CONTROLLED BY YOU.
To relieve them of their floating debt, not including the Pennsyl¬
vania Conwany,
and including the
Company
To pay and replace with other
d fferent amounts, between
ing to
Allegheny
Valley Railroad
mortgages, bonds coming due, in
1873 aud 1919, tno whole amount¬
To furnish means to make improvements
increased trade.*per year
...
19,558,’7b0
8,245,000
3,500,000
$18,000,0C(>
180.000,000
and enlargements for
3,000,000
reduced, and the actual loss
railway in which you
These statements comprise the financial outlook into the future,
directly interested, and frankly stated our opinions, with the reasons and we recommend they should be provided tor. The money
therefor, whether in censure or praise ; for the Western roads we have con¬
needed to extend the facilities of the roads to meet increase of
fidence that they will, with the Increase of population and its diversified
employment, gradually develop a profitable local trade, and that the surplus traffic can, in many instances, be furnished by the surplus profits
productions or the West will ultimately come to you in a more valuable shape, of tlie individual road, and in others the betterments may form a
securing greater profit to your road in its transportation.
good security for an increase of stock or bonds. A resurvey of
From the roads south of Baltimore there is certainly but little ground to ex¬
pect much better results in the future t> an in the past, nor cau we give any the whole concentrates the financial difficulties in one item—the
encouragement for hop • that the common stock of the Philadelphia and Erie
floating debt of the Pennsylvania Railroad Company and of the
will in many years have any value.
companies controlled by her. Let these be arranged for and put
4. We have strongly stated our anticipations of future profit from the lease
out of the way, and thefe will be an end to any financial trouble
of the United Railroads of New Jersey, and give you our reasons therefor.
Such an outlet to the city and bay of New York was a necessity, to enable the connected with your company—the expansion so prevalent in past
company to use its Western roads to the best advantage and profit, and to
years being ended, your directors should herealter manage the
develop the business of its main line and branches.
interests of your great corporation cautiously and prudently, de¬
From your main line and branches there must be, with judicious manage¬
ment in developing the local trade and travel, the production of iron and
veloping the local business on all your lines, and placing that of
steel, the mining of coal, and the varied industries of those portions of the the other connecting lines on a steady and firm basis, uninfluenced
State affected by the company, a constant and valuable increase of business.
We have given you si me remarkable results of the past history of your
by personal or road rivalry.
main line, showing yon th»t wiih reduced cost of operating, the road, owing
RESOLUTIONS.
to mar.y causes, has been able largely to reduce the rates of freight, and th-t
for every million of dollars invested in the road in ten years, from 1864 to
The following are the resolutions which the committee submit
1873, inclusive, you have received an annual profit of $282,n00; and that with
the same elements in the calculation, every million of dollars hereafter in¬
for the action of the stockholders, saying :
vested on the line between New York and Pittsburg, until the business of
In order that the practical operati ns of this company may be most success¬
your road l creases seventy-five per cent, above that of 1873, will yield $430,fully managed, its general interests most carefully protected, and its agents
842 per year.
instructed m their proper duties, as well as to vindicate our just authority in the
5. We ha ve given you a full accounfof the anthracite coal lands held by
control of our own interests, we the stockholders of the Pennsylvania Railroad
your company, but your investments in this kind of property are of such
recent date that we cannot predict the results; time only will develop the
Company, do hereby resolve:
1. That, as the source of all authority in the premises, we reserve to ourselves
wisdom of the policy and its results to your road.
the whole legislative power of the corporation which is involved in determining
To give you a truer conception of the extent of the influence you exert over
the general policy of the company; the acceptance or refusal of all laws, whether
the railways of the United States, and of the responsibility you have assumed,
have given you the total mileage and capital involved in the railroads and
general or special, of the General Assembly cf the State of Pennsylvania which
may affect our property, rights, or interests; all assumption of liabilities, either
cana's you directly control—showing that ft amounts to 5,933 6-10 miles, or
as to the leasing of railroads, guaranteeing the payment of the interest or prin¬
7 8-10 per cent of the whole tailroad mileage of the United States, and repre¬
sents in capital $398,267,615 22, or a fraction less than 13 percent of the whole
cipal of the bonds or other obligations of any other company; guaranteeing of
capital invested in railroads in the United States, and the encouraging fact another company's faithful performance of contract; or in any way binding the
company by obligations for or to other railroad corporations, other than in the
that the net earnings of all th* lines you control and are directly interested in,
ordinary course of contracts required to be made for the proper management of
have averaged 6 39 per cent profit on the whole amount of capital.
the business of the road; and all other powers not hereinafter expressly com¬
We need not suggest to any thou litful mind what an immense responsibil¬
ity rests on you from the control of so much capital, nor how feartully any mitted to the directors and officers.
2. That we confide to the wisdom and discretion of tlie directors the execu¬
mismanagement on your part would affect the credit of the country and the
support a«d comfort of the large numbei of people of every grade and class tive functions of carrying out the policy, established from time to time by the
shareholders, for managing the interests of the company to the best possible
who are interested in the stocks and bonds of these various companies.
advantage of its stockholders, and of the people of this State and of the country,
6. We have entered very fully into a discussion of the mooted question of
far as they may be affected by their action, within the powers committed to
the use of your road by the cars of private persons or corporations, and have
given our reasons and conclusions, that it is to your interest to encourage them.
3. That to enable them to do this the more perfectly, and to secure the neces¬
such use of your road, and that in obtaining a fair proportion of competitive
freight from and to points west of Pittsburg, the use of an intermediate third sary intelligence, independence and responsibly in the board for the good per¬
formance of their very responsible duties, we further instruct the directors to
party is indispensable, the management being careful to obtain the best
procure the passage of a general law by the General Assembly of the State of
possible remum ration from the traffic carried.
Pennsylvania, providing for the election of directors by the stockholders of a
7 We have discu-eed very fully the past financial policy of your company,
railroad company, who may receive pay for their services, whenever judicial
which led to whatever loss of credit, inconvenience or embarrassment your
decisions may have so determined the intent and meaning of the seventeenth
company has experienced. We have shown you that the true policy of dis¬
posing <»f all securities not absolutely necessary to be held, when even an article of the new constitution, that it contains nothing prejudicial to the inter¬
approximately fair price could have been obtained, has not only not been ests of the company, or whenever for other reasons the company may accept
adopted, but the policy has heretofore been to retain possession of those any general or special law of the Legislature of the State of Pennsylvania,
bringing the company under and subject to the said seventeenth article. Such
securities for advanced prices, and to borrow money by issuing stock and
law, if obtained, to be submitted to the stockholders for their approval at the
bo. ds to enable you to carry these investments. That if $35,000,000 of these
next following annual meeting.
securities had i>een sold, and which would have brought fair urires in 1872
4. That if such an act is obtained and accepted by the stockholders of the
and 1873, there would have been no necessity for issuing the large amount of
Pennsvlvania Railroad Company, there shall thereafter be selected from among
stock and selling so many bonds in the latter year.
the directors elected by the stockholders at each annual meeting, four persons,
It would practically have saved an incref se of your capital Ptock and funded
debt to the value of the securities sold
Iu cons, quettce of which your di¬ three of whom shall be skilled in the construction or management of railways,
and one of distinguished reputation for financial experience and skill—one of
rectors were forced to ask for anu create the consolidated mortgage, and most
unwisely pi* dged in it securities to the value of $50,09ti,i'00. We have farther the above-named three shall be elected as president of the company—the details
of duties being left to the discretion of the directors as a body.
shown you how this act of July 1. 1H73, was quickly followed bv the panic ol
5. That to secure the nomination of suitable and properly qualified persons
S« ptember, and >our directors were left without available means to meet
for the office of directors, there shall be appointed at each annual meeting, as
their wants, how the credit of the company was injured aud very many of its
it may determine, a committee of seven stockholders of the company who
stockholders seriously affected.
shall select and nominate, after conferring with the president, ten persons,
We have carefully considered the financial position of your company, and
due regard being had to theii qualifications, for the office of director^ for the
have made several recommendations involving questions of floating debt,
ensuing year; and that, until the passage and acceptance of an act as above
construction account reduction of capital, and the general principle of the
described, it shall be the further duty of said committee, after conferring with
rigid application of these securities to improvements aud betterments, as pro¬ the
president, to select the proper persons, not exceeding four in number, who
vided for in the mortgage, and the remainder as th y may be • r become avail¬
shall be iecommended fur election by the directors as vice-pr. sidmts, in ac¬
able to the purchase and cancellation of bonds issued under that mortgage.
cordance with the present law, and that said committee shall publish the
8. In examining the policy of the relations heretofore existing between the
names of the persons so selected in not less than five daily newspapers of the
shareholders and the directors, and with the view of removing the many
city of Philadelphia for six days previous to the day of the election of such
causes of distrust and doubt that prevail as to the permanent value of railway
directors.
securities, and to place responsibility and power where it properly belongs,
6. That in order that the stockholders may have time to examine the annual
and to increase the efficiency of the executive officers of the board, we have
report, the directors shall annnally hereafter publish such report in at least
made recommendations involving substantial changes in the old plan of
organization, which will restore to the shareholders tne powers which of right three daily newspapers of the city of Philadelphia, one week before each
annual meeting, and that such report shall be full and complete, embracing a
belong to them ; and, in this connection, we have recommended that her after
statement of all the facts and results necessary to enable the stockholders to
all legislative powers shall be expressly reserved to the shareholders, and
form a proper e timate of the value of the r property and a correct judgment
executive functions only be given to the directors. We have w.own what
of the ability with which their intei ests have been taken care of by the directors.
these reserved and delegated powers are, and have embodied in resolutions
That report shall include not only the operations of the main line and
the
important features or points, and. therefore, need not repeat them here.
branches of the Pennsylvania railroad, an l of all railroads leased and
9. We have shown tht-t. taking a comprehensive vii w of the whole ■ perutions
operated by this company, hut a sufficiently extended notice of the operations
and obligations of the Pennsylvania Railroad Company, and leaving entirely
of all the ailroads which this company directly or indirectly controls.
cut of the question the prudence or wisdom of the acts of the past, it reveals
7. That it shall further be the duty of the Board of Directors, at least annually,
condition of safety which should be very satisfactory to the shareholders;
and with, in the future, a more nitelligeut and active interest on the part of and oftener if required, or necessary, to recommend to the stockholders the
adoption of such policy or such measures as in their judgment will promote the
the shareholders and prudent management by the directors and officers, the
interests of the company, with their reasons therefor. That they shall submit
company will offer in its stocks and bonds a safe investment to people of all
with each annual report, or oftener if required, for the approval of the share¬
classes, and will be enabled to fulfill its high duties to the public who use
for any extraordinary payments or expenses to be made or
works, to the city of Philadelphia, and to the power that gave it life— holders, estimates
your
incurred on the mam line or lines leased anil directly operated by your company,
the State of Pennsylvania.
and recommend how the money shall be raised to pay for the same.
8. That they shall, at the time of making a semi-annual dividend, or at the
Tlie following summary is given of the present and future finan¬
intermediate six months of their fiscal year, publish a statement showing the
cial wants of the Pennsylvania Railroad Company and of the rail¬
gross receipts, expenses, and net revenues of the main line and brunches of the
road companies it controls.
Gathering our estimates from the company operated by it, and showing the amount of net revenue applicable to a
different parts of this report, we present them iu a condensed dividend.
9. That the credit of this company may be protected, the directors are pro¬
form:
hibited from incurring any floating debts in the form of bills payable or accept¬
1.
FOR THE PENNSYLVANIA RAILROAD COMPANY.
ances, except to meet, and then only for temporary use, expenses for improve¬
ments, enlargements or betterments on the main line and the railroads of the
There is needed to pay ott your floating debt, consisting of bills
except by special per¬
payable, acceptances and dividend scrip, about
$7,311,000 United Companies of New Jersey; and are also prohibited, this company to other
mission of the stockholders, from loaning the credit of
There will be annually, for twelve years, au amount to pay the
companies, excepting such as may own roads controlled by this company by lease
State of Pennsylvania on account of purchase of "Philadelphia
stock ownership.
and Columbia Railroad.
460,000 to the board, so far asAnd further, that all powers or authority heretofore give**
they conflict with the language or the spirit of this reso¬
There will be a necessity to provide for the payment or renewal
aro
.
we
1
as
i!;!i
3
a
■;
i
or
:j :!
M
'1
of the mortgage
bonds as they become due, viz.:
lution, axe hereby
iwoked and annulled.
And whereas, The shareholders of the Pennsylvania Railroad Company are
convinced that the placing of securities to the value of *5 ),0 )0,000 in the con¬
solidated mortgage was unnecessary to give perfect security to the bonds to be
issued under the mortgage, and that they do not add to the facility of sale nor to
marketable value of such bonds, and that the mortgage provides for bonds
beyond any present prospective wants of the company, and as their pre¬
sence in this mortgage operates as a bar against the true policy of the company,
yiz the reduction of the amount of bonded indebtedness and the payment of
the floating debt; therefore,
Res Ived, That the directors be and are hereby instructed—
the
largely
1. That the policy of the company hereafter, in its relations to other com¬
panies now controlled by it, shall be—in all cases where it is important for the
interests of the Pennsylvania Railroad Company—either to consolidate or effect
1
297
THE CHRONICLE.
September 19, 1874.]
denied the application of creditors
rial bills against the Company to
the road.
representing labor and mate¬
be made parties to the sale of
Telegraph Consolidation.—A Boston telegram, quoted from
the above title, in The Chronicle of
September 12, is contradicted in a card by Mr. Alfred Nelson,;
Secretary of the Atlantic Pacific & Franklin Telegraph Com¬
the daily papers, under
panies.
•
Texas &
Pacific.—Tracklaying is nowin progress from Dallas,
eases on just terms to both parties, giving the preference to the plan so suc¬
Tex., westward towards Fort Worth, and it is said that work on
cessfully adopted in many instances by your company, of leasing roads to bo
worked at cost, thereby avoiding many complications, and further relieving the trans-cmtinental division will be resumed Oct. 1 and the
road completed to Texarkana this year.
your treasury from the necessity of holding large amounts of securites, whicn
The Marshall shops are
they are now compelled to keep, in order to retain control of the roads, thus at turning out four freight cars per week.
once releasing securities to the value of many millions of dollars which should
be applied as hereinafter recommended.
Wisconsin Railroad Law.—A decision in the suits pending in
2. That the directors be and are hereby instructed to conform rigidly to the
the Supreme Court of Wisconsin was rendered ou the 15ih.
The
provisions of the consolidated mortgage by appropriating the proceeds of such
securities as are available for sale to the payment of all betterments, improve¬ injunction sought by the Attorney-General and the Railroad
ments and real estate purchases, for the benefit of the mortgaged premises.
Commissioners was granted, forbidding the Chicago & North¬
3. That the directors shall, from time to time, sell such available securities as
western Railroad and the Chicago Milwaukee & St. Paul Railroad
may not be required to pay for betterments, &c., as above, the proceeds where¬
of shall be invested in the bonds of the company, that they may be cancelled
Companies from violating ths provisions of the Potter law.
and the remaining securities the sooner released from the lien of the mortgages.
The following is an abstract of the decision as prepared by
4. That, in our opinion, the policy above established will render unnecessary
Chief-Justice Ryan and telegraphed to the Associated Press;
any further issue of bonds under that mortgage, without the formal approval of
the stockholders first had and obtained, except the £5,000,000 already issued, or
Chapter 273 of 1874 is not repealed by Chapter 292 or 341 of
arranged to be issued, and the bonds appropriated under the mortgage to pay the same session. All the chapter* can well stand together.
off existing bonds as they mature.
The court finds no difficulty in holding that the Chicago Mil¬
And whereas, The interests of your company may be unfavorably affected by
waukee & St. Paul Railroad Company is the corporation desig¬
the presence of other stockholders in the Pennsylvania Company; therefore,
Resolved, That we recommend to the directors to adopt such measures as will,
nated as the^Milwaukee & St. Paul Railroad Company in chapter
in their judgment, secure to the Pennsylvania Railroad Company the absolute
273. The corporation is sufficiently indieited by the name used
and exclusive control of the policy of the Pennsylvania Company.
in the statute, although it had a month before added the prefix of
The above preamble and resolutions are respectfully recommended to the
favorable consideration and action of the stockholders.
‘Chicago’ to its name.
Will. A. Stokes, Chairman.
The constitutional amendment of 1871, prohibiting special acts
W. H. Kemble,
of the Legislature for granting corporate powers or privileges,
A. Loudon Snowden,
D. E. Small,
except to cities, is prospective only, and has no relation to exist¬
John S. Irick,
ing corporate charters by special acts before the amendments.
William C. Longstreth,
These may be amended or repealed by special act as before.
John A. Wright.
The
rule established in Dartmouth agt. Woodward (4 Wheaton, 518)
—The following is the comparative statement of earnings and considered this
point as far as it is extended to quasi private cor¬
expenses of the Pennsylvania Railroad and branches, and United
porations intrusted by charter with public interests, so as to con¬
Railroads of New Jersey, for the first six months of 1873and 1874 stitute them
quasi public corporations.
The rule is followed,
from the report of the investigating committee :
nevertheless, by the Court because it is the rule of the Supreme
“
“
«■
3,895,294 83
Court of the United States, on the construction of a clause in the
State constitution. Rut the reserved power in the State consti¬
tution to alter or to repeal corporate charters was designed to
$134,232 65
rule in the Dartmouth
PENNSYLVANIA RAILROAD—MAIN LINE.
Exp nses.
$5,600,781 98
7,280,026 70
Earnings.
January 1 to July 1, 1874
Same
,..
period of 1874
..
$9,930,152 52
11,1:5,321 58
Increase
Decrease
...
Earn’gp.
$4,329,577 54
Net
$1,679,244 72
$1,244,95.) 06
Earnings.
Same
period of 1873
..
$1,192,663 48
1,203,006 21
Expenses.
$9.)H,336 36
1,021.114 32
$10,339 73
..
Net Earn’gs.
$114,777 96
$286,330 12
181,891 89
$101,433 23
Increase
Decrease
UNITED RAILROADS 01* NEW JERSEY.
Januarv 1 to
Same
July 1,1874.
...
period of 1873
..
...
Expenses.
$3,128,982 31
Earnings.
$1,27 .010 05
4,133,816 46
3.617,150 07
Increase
Decrease
$l8S,i67
Net Earn’gs.
$1,147,057 74
516,666 39
$630,391 35
76
of branch r< ad) for six months of 1871 was $189,588 25, and for same
period of 1874 was $219,142 43.
penses
Peoria & Rock Island.—A meeting of bondholders will be
Broadway, New York, room 23, on the 24th inst.,
at twelve o’clock, noon, to take into consideration the interests of
the bondholders.
The meeting is called by Mr. Charles L. Frost,
trustee for the first mortgage bondholders.
held
at
No
58
South Side Railroad of L. I.—This railroad
was
sold at
auc
Wednesday, the 16th
inst., under a foreclosure of the third mortgage extension bonds.
The assignees’ sale advertised for the same time, was postponed
until Tuesday, the 22d.
There was a large attendance, und at
tion
at
noon
Cole’s salesroom, in
Brooklyn,
the auctioneer read the
terms
on
of sale and
college case; and the Legislature has the
such corporations as if the rule in that ca ie had
never existed. The reserved power to alter or repeal has no other
limit in law than is implied in the words used. The exercise of
the power should be under the guidance of extreme moderation,
and should not be oppressive and unreasonable. But all this rests
in the legislative discretion.
So far as corporate franchises are
concerned, the Legislature is under a moral obligation not to
reduce the tolls of railroads below a fair aud adequate amount,
but its power over the franchise is absolute. But the power to
alter or repeal caunot affect the property of corporations other
than the franchise.
Such right of property is inviolate. It is
same
PENNSYLVANIA RAILROAD—BRANCHES.
January 1 to July 1, 1874
take, and does take, all corporations created under it out of the
the amount of
not
power over
material here whether
the defendants had
an
election
to
accept or reject the alteration of their charters by chapter 273.
They were bound to obey the statute or to discontinue their opera¬
tions as corporate bodies. In either case they had no right to
conduct their operations in defiance of public law.
“
Chapter 273 of 1874, so far as its provisions are before the Court
valid amendment of the special charters of the
defendants, granted by the State. Whether it would be a valid
in these cases, is a
of the General Railioad act of 1872, is not here
considered.
“
The Territorial charter of 1847 of the Milwaukee & Waukesha
Railroad Company extended by the Territorial act of )848, is the
amendment
subsisting charter of the railroad, built under it from Milwaukee
It does not appear in this case whether the
charter was accepted, and the corporation organized under it
to Prairie du Chien.
adoption of the State constitution. There is a pre¬
sumption in the circumstances that they were. Such being the
case, the charter is not subject to the reserved power to alter or
repeal, and as chapter 273 of 1874 would impair the obligation of
a franchise of that chapter,
within the rule in the Dartmouth
before the
the property, as follows :
David R. Floyd Jones and Mr. J. Tread¬
well, of $750,0U0, with one year’s interest from Sept. 1,1873—
this is a lien on the main line, fifty four miles long.
College case, chapter 273 of 1873 of 1874, cannot be held to apply
2. Second mortgage, to James B. Wallace and Robert R. Wil
to the railroad built and uDexisting under that charter, if accepted
lits, to secure bonds outstanding, which amount to $1,500,000 before the
adoption of the State’s constitution. An information
with six months’ interest from M«y 1, 1874.
in equity by the Attorney-General ex officio, has the same effect,
3. A mortgage of the Far Rockaway Branch, to Daniel Lord,
as to answer an injunction, as a hill in chancery, verified on infor¬
to secure bonds amounting to $60,000 with interest at 6 per cent,
mation and belief.
Here the question is unimportanr. because the
unpaid since July 1, 1873.
violation of chapter 273, charged, is apparent from the affidavits
4. A mortgage on the Company’s property at Bushwick, on
on both sides.
There is a judicial discretion to withhold injunc¬
which there remain due $43,000.
tion and mandamus, in aid of private remedies, but there is no
5. Certain liens on locomotives No. 16, the Rockaway, No. 17,
such discretion, at the suit of the State, in matters of public
the Islip, and ten gondola freight cars.
The sale was for the right, title and interest, and the bidding injuries. In such cases writs go peremptorily, ex debit o just iciot.
The Court has no discretion to withhold either of the writs in
began at $5‘000 over and above incumbrances, Mr. Jos. O’Donohue cases of positive public injury.
being the bidder. The road was run up to $200,000, at which
The motions of the Attorney-General must be granted and the
price it was knocked down to Messrs. Herman C. Poppenhuser, writs issues as to all the roads of the Chicago and Northwestern
Alfred L. Poppenhuser, and Eiizur B. Hinsdale, who represent
Railroad Company, and all of the roads of the Chicago, Mil¬
the Flushing North Side and Central Railroad.
waukee and St. Paul Railroad Company, except the railroad from
Springfield and Illinois Southeastern.—This railroad was Milwaukee to Prairie du Chien, built under the Territorial
sold Sept. 15 at Springfield, 111., under a decree of the rUnite i Charter of 1847 and 1848.
But before the writs issue the At¬
States Circuit Court, rendered at the last June term. The sale torney-General must file in these cases his official stipulation not
was made by the master, and was without redemption.
Mr. H. to prosecute the defendants for forfeiture of their charters, for
Bloodgood, of New York, was the purchaser, for $500,000. any violation of chapter 273, charged in these informations be¬
It has been stated in dispatches that there was about $60,000 of fore the 1st day of October next, that time being allowed by the
unpaid bills of labor and material, which would be cut off unless court to the defendants fo arrange their rates of toll under
the order of sale was modified, but Judge Treat on the I4th chapter 273.”
prior liens
on
1. First mortgage, to
“
[September 19,1874.
298
Friday
A much needed rain has been
the past three days
sion during
New York.
LfladlUK Article* from
Exports or
&l)e mpinmcrctftl .'dints.
foll6wingtable,compiledfrom Custom House returns,shov b
the exports of leading articles from the port of New York since
January 1,1874, to all the principal foreign countries,and also the
totals for the last week, and since January 1. The last two lines
show total vcUubs, including the value of all other articles beBideg
The
Night, Sept.. 18, 1874.
falling almost without intermis¬
but, however desirable, from
those mentioned in
the table.
;
general considerations, it has proved a serious obstacle to busi¬
Political troubles at New Orleans caused an advance in
was yesterday a considerable recovery in rates of
exchange, which, together, gave a new impetus to the export
trade. Some anxiety, which was caused by the disorders at New
Oileans, has subsided on the restoration of order there with indi¬
cations that steps have been taken to correct the abuses which
have existed. Trade in manufactures appears to be improving,
and operatives are generally pretty well employed.
ness.
gold, and there
The reaction in
followed by great
pork and lard, noted in
our
a r*
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There lias been a decided decline in raisins, under anticipated
arrivals of the new crop; layers quoted at $2 75, and loose at
freights have continued depressed, and rates by the
Liverpool steamers have declined to minimum figures. There
has been more doing in grain charters for British outports, and
petroleum charters have been fairly active. The business of yes¬
terday embraced grain to Liverpool, by steam, 4d.; to London,
6^d.; to Bristol,6s. fd.; toCardiff,7s.; and to Cork direct, 4s. 6d. Re
fined petroleum in bbls. from Philadelphia to Gibraltar for orders
at 4s. 9d., and cases hence to Corfu, at 22c., and oil cake hence to
London by sail, 17s. 6J. To-day, some business was done in
wheat to Liverpool
at 4£d., and two small vessels' were
chartered for grain to direct Irish ports at 4s. 9d.
During the week there has been a good business in rosins,
which was stimulated by exceedingly low rates of ocean fresghts,
and strained closed firm at $2.25 in yard. In spirits turpentine
also there has been a liberal business doing at 34c. for Southern
bbls. There has been a continued upward movement in refined
petroleum; this month’s delivery sold at 12 3-16c., and prompt de¬
livery closes at 12^c., with moderate transactions. Crude also is
higher, though quiet at 5c. for September. Hops have remained
firm, but little has been done; State 1874’s quoted at 40@42c., and
1873’s at 20\^30c., cash, for fair to prime. Ingot copper has sold
moderately at 21(g)21£c. lor Lake; other metals are quiet and un¬
changed.
Linseed oil steady at 83@8ic.
Crude sperm sold to the extent
of 500 bbls. for export at $1 60; other oils quiet.
Hides have
been quiet but steady; dry Buenos Ayres quoted at 26@26£c.
gold, and dry Texas, 22(3}22£c. currency. Fish have been in fair
demand and steady. Whiskey has declined to $1 04. Tallow
has advanced to 8f^8|c. for prime to choice. East India goods
have been dull, with Calcutta linseed quoted at $2 35 gold.
Kentucky tobacco has continued in active demand and steady
at 8£@llic. for lugs and 12@20c. for leaf ; the sales for the week
embraced 3,000 buds., of which 1,000 were for export and 2,000
hhds. were for speculation aud consumption. For seed leaf the
demaud has been less active. The sales embrace : Crop of 1871,
61 cases Pennsylvania, at 12c.; and crop of 1873,173 cases Wis¬
consin, at 9c., 331 cases State, at 12@13c.; 125 cases Connecticut,
at 7(a)8c., 100 cases Ohio at 10c.; 260 cases Connecticut and 286
cases Penusylvania on privaie terms.
Spanish tobacco has re¬
mained steady; the sales were 450 bales Havana at 75c.@$Ll and
29 bales Yara on private terms.
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having been cut short by the drought. To-day, mess pork was
dull, with small sales at $23 95 for September and October
delivery. Lard, however, was firmly held at full Wednesday’s
prices, but closed dull. Long clear bacon sold in a small way at
13£c., and there was a sale of dry salted shoulders in boxes at
9£c., the first transaction in a long time.
The coffee market has been active, and prices show some recov¬
ery from the late decline. The sales aggregate about 22,000 bags
Rio and 8,600 bags and mats of other descriptions, reducing the
Stock to 51,000 bags Rio, and 54,000 bags and 20,400 mats of other
descriptions. Accounts from Europe have been stronger. Rio is
advanced to 16£@19£c. for fair to prime cargoes, Java 22@27c.,
Maracaibo 15|@19c., and Costa Rica 16@19c., all gold. Rice has
been dull aud weak, and molasses dull and nominal, with the
stock of Cuba exhausted. Sugars have been active, and a further
reduction in stocks has been effected, with a further advance ot
ic. established in prices. Fair to good refining Cuba 8f@8fc.,
No. 12 clayed box 9£c., prime centrifugal 9£c., and standard
crushed refined at ll£c.
91,723
oTcO
Tp'tO
a partial advance. Beef.has been quiet.
Butter
have shown an upward tendency, the production
Boxes.
CO CD
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prices showing
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Bacon has sold
112,924
4,283
18,182
99,000
85,914
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Wednesday morning mess pork sold at
unless it is that the stock is well
OJiHOO C-
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further advan 3e in prices. On
$24 25®$24 50, but
quickly receded to $24, with a large business in lots on the spot,
and for September and October delivery. It appears that in the
scarcity of bacon, to supply the demand from the South, mess
pork is taken, smoked, and used as a substitute. Lard advanced
to 15£c. spot and September, 15c; for October, 12 7-16c. for Decem¬
ber, and 12 5-16c. seller six months, but closed yesterday £c.
under these figures, with the advance not well accounted for,
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53
« «®
September 19,18?4.]
299
QNICLE.
/THE
-
table, compiled from Custom House returns
this port since
shows the foreign imports of leading articles at
Jan. 1,1874, ana for the same period of 1878 :
The
Since
Jan.1,’74. time 1873
.
week of last
Metals, &c.—
3 875
Earthenware.
241552
310,080
.
ftisiflfl
Glassware
Glass plate
Rnt.trina
381,055
Coal, tons
Cocoa, bags..
Coffee, bags
Cotton, bales
27,071
29^691
o,350
8,324
4,290
5,202
46,205
20,144
1,078,064
Cochineal
Cream Tartar...
Gambier
932
1,800
627
756
Madder
491
Oils, essential..
25,260
1,348
816
Soda, bi-carb
Soda, sal
34,501
41,402
35,422
7,480
50,603
46.929
4,960
3.426
3,038
141,767
3,163
Hair
Hemp, bales
Hides, &c—
Bristles
539,915
36,103
NewOrleans.
•
773A31
110,066
1,090,043
178,751
246,001
707.952
;...
Lemons
6.021
91.C47
Oranges
2,140
Charleston...
455,750
92,792
94,960
•
1,119
•
.
.
.
tt
t
3,132
10,105
more
from
324
8,226
12,278
6.582
105,377
#
T
... t
44
64
„
t
7,429
5,626
8,2 9
5,5 8
5,597
24,643
15,000
67,042
20,063
....
From the foregoing statement.it will be seen that, compared
with the corresponding week of last season, there is a decrease in
the exports this week of 3,356 bales, while the stocks to-night are
38,835 bales more than they were at this time a year ago. The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to Sept. 11, the latest mail dates.
KKOBIPT8
EXPORTED S1NOK 8EPT.1 TO—
1
fiTNfJ* fiUPT
PORTS.
Great
New Orleans
.
Mobile
Charleston....
Savannah
Galveston
....
New York
3,461
3,f69
1,465
1,839
4,747
5,931
2,428
8,86.1
1,833
....
307
41
80
Total this year
19,654
Total last ypar
72,573
99,743
295,449
361,206
19»,195
74,448
285,069
i.90
Other
Britain. France.
1878.
239,283
71,'930
5,iS9
•
f
1873.
exports this week under the head of “ other ports ” include from Balti¬
;,"5dbales to Liverpool; from Boston 122 balei,aud 44 bales to St. Johns;
Philadelphia 38 bales to Liverpool. *■
201,510
20 j 635
Logwood
1,982
1,214
,
2,109
283,635
Cork
Fustic
as
The
98,378
Cassia
t
^
41
454^512
SpiceSj &c.—
t
*t
....
651,262
8,858^8:2
696,700
t
t
m
1,440
695,307
0
.
1,992
1,200
Total
Since Sent. 1
©
.
•
*
«...
-
1874.
19,626
5,638
3,821
8,099
11,473
4’,215
17,000
•
•
.
Galveston....
New Tork..
Other ports*
*
•
Florida
No. Carolina
Norfolk
Other ports ..
724,709
Woods—
768
1,165,952
896,'.31
1,105,832
9.879.728
Ginger
Pepper
Saltpetre
2,699
•
....
•
71.460
Nuts
Raisins
Hides, undressed..
Rice
1,377
8,546
39,886
•
Mobile
1874.
....
—-
Stock
Totalthis 8amew’k
week.
1873.
Contln’t
France
G. Brit.
131,052
40,580 Fruits, &c.—
607,254
Watches
Linseed
Molasses
118,699
52,372
3,398
984,133
1,301,584
Fish......
717
Jewelry, &c.—
J ewelry
83,552
132,391
33,296
69,5l9
Fancy goods..
2,296
Ivory
790,612
$1575,045 $1629,140
Corks
1.577
India rubber
463,413
866,760
797,950
62,936
3,147
Articles reported by
value —
1,088
6,580
37,689
Hides, dressed..
932 911
Waste
4,991
656
Gunny cloth
160,947
783,867
8,284,917 3,782,505
96,849
93,456
bbls
34,679 Cigars
Oil; Olive
Opium
Soda ash
Flax -...
Furs
slabs,lbs...
1.164 Wines, &c—
6,900
Champagne, bks.
Wines
3,482
3,229 Wool, bales
3,036
Indigo
Tin
...
27,501
4,062
220,553
84,655
Sugar, bxs & bags.
25,884 Tea
24,196 Tobacco
5 860
475^290
707.802
10,966
4,802
Gum, Arabic....
Steel
92;159
26,291
19,242
2,475
l,85ti;010 4,855,169
25,479 Rags
834,945 Sugar, hhds, tcs. &
2,448
Drugs, &c—
Bark, Peruvian..
Blea. powders...
Iron, HR. bars...
Lead, pigs
Spelter, Tbs
5 182
2,239
225,475
151,471
Hardware
14,332
37,753
9,722
China
—
the Continent, while the stocks
season :
Savannah
China, Glass and
—
this evening, are now 105,877 bales. Below are the
exports and stocks for the week, and also for the corresponding
Week ending
Same
Since
rest of
—
made up
Sept. 18.
Jan.1,’74.
—•——
Exported to—
quantity is given in packages when not otherwise specified.]
Same
time 1873
~
•
France, and 44 to
Import* of Leading Articles.
The following
■
For’gn.
Total.
18.794
2,497
8,879
985
4,382
161
162
20
2,065
3,706
1,832
3,712
■p-
-r-
-r
20
*
♦
2.924
4,264
*
*
*
2,109
5,619
8,716
42,233
6,373
4
41
170
219
4,030
1,545
397
•
....
....
6,923
....
...
20
2,109
13,479
....
20,420
The market for cotton
Stock.
2,497
1.676
.
Coast¬
wise
Ports.
2
...
142
2,188
15,000
9,052
14,223
55,791
13,481
17,697
67,375
the spot
has been inactive the past
week, and prices have been irregular and drooping. Increased
receipts at the ports, and larger offerings of cotton from the
wharves
on
attended
by a falling off in demand for consump¬
Liverpool recovered on Monday last to 8d. for middling
Receipts of Domestic Produce.
uplands, but the depression in Exchange did not admit of ex¬
The receipts of domestic produce since January 1, 1874, and for porters doing much, though a considerable line of low grades
the same time 1873, have been as follows :
was taken for shipment on Saturday afternoon, when the Liver¬
pool quotation was 7 13-16d. On Wednesday, our quotations
Same
Since | Same
Since
were reduced |c. to 15 Jc. for low
middling uplands, but without
Jan.1,’74. time 1873
Jan.1,’74. time 1873
stimulating business ; in fact, the reduction was necessary to ad¬
Ashes
135,165
5,078 Oil cake.... pkgs.
6,433
109,787
pkgs.
just quotations to prices accepted, for a notable transaction on
1.637
Oil, lard...
2,193
Breadstuffs, &c.—
Peanuts.
Flour
bbls. 2,783,571 2,234,363
.24,705
82,421 Tuesday afternoon was 500 bales “for September, short notice,”
..bags.
Wheat
bush. 29,953,785 15,222,436 Provisionsat 15£c., a clear $c, under the quotation for spot cotton,
Com
Butter
620,08G
601,508
22,981,871 16,671,957
.pkgs.
yester¬
Oats
Cheese...
1,399,861 1,394,241
6,964,347 8.183,587
day, the market was weak and irregular, business having for two
Cutmeats
457.205
248,202
678,912
412,394
Rye
788,953
808,948
Eggs....
377,752
358,615 days been impeded by a rain which prevented deliveries being
Barley, &c..
Pork
Grass' seed.bags.
70,112
89.666
43,757
117,970
Beef.
Beans
bbls
27,703
46,050
To-day, the rain continued, and trade was slow. Quota¬
18,001
18,159 made.
Lard
Peas
bush.
334,767
10L525
187,864
306,794 tions were
revised, low middling being reduced £c., middling ^c.,
Lard
C. meal
bbls.
172,197
27,464
19,836
142,215
Cotton
bales.
602,576 Rice
14,754
8,663 and good middling £c., the grades under low middling remain¬
577,134
4,669 Starch
244,409
235,455
3,149
Elemp
halos.
No.
Hides
464,043 Stearine...,
14,918 ing unchanged.
For future delivery, the Cotton Exchange was
387,92?
15,334
7,402 Sugar
Hops
bales.
1,118 in the
11,935
early part of the week, the scene of much excitement. The
234
681
Leather. ...sides. 2,632,512 1,913,197 Sugar
Molasses.,
bbls.
24,721
36,548 report of the Agricultural Bureau on the condition of the crop
23,065 Taliow
23,406,
.pkgs.
Nava] Stores—
Tobacco
174,503
128,763
at the close of August, was published Saturday.
It was, how¬
Cr. turp. ..bbls.
96.5S7
7,555 Tobacco....
10,535
94,066
59.843
130,133 ever, so
56,898 Whiskey...
136,437
Spirits turpen...
generally regarded as a gross exaggeration that it had little
Rosin
.bales.
417,141 Wool
58,979
74,377
380,064
MaTiogany
9?; 500
were
tion.
.
..
...
..
.
*
.
Tar
Pitch
40,400
2,974
30,465 Dressed Hogs..No.
106,793
93,612
1,817
COTTON.
Friday, P. M., September 18,1874.
received to-night from the Southern ports
By special telegrams
we are in possession of the returns showing the receipts, exports
&c., of* cotton for the week ending this evening, Sept. 18. It
appears that the total receipts for the seven days have reached
28,045 bales against 14,506 bales last week, 5,656 bales the pre¬
vious week and 5,880 bales three weeks since, making the total
receipts sinc.e the first of September, 1874, 47,699 bales against
44,093 bales for the same period of 1873-74, showing an in¬
crease since September 1,1874, of 3,606 bales.
The details of
the receipts for this week (as per telegraph) and for the corres¬
ponding weeks of the five previous years are as follows:
Received this week at—
tfew
Orleans
1874.
bales.
Mobile
Charleston
Savannah
Galveston
Tennessee, Ac
Florida
North Carolina
Norfolk..
5,424
2,350
1,723
8 4 S3
1873.
4,194
1,793
4,531
7,327
1,064
1,153
1,853
373
8,542
1,865
4,516
40
effect; but in connection with the
weather report, that the
last
19
339
1872.
13,263
8,752
10,923
12,838
4, !71
682
75
1,241
4,319
1871.
1869.
1870.
3,653
1,693
2,961
3,2 6
3,367
1,975
31
393
3,289
3,740
1,407
4,146
6,215
626
4J1
12
436
99?
6.619
8,452
4,812
8,751
1,396
63
7
601
595
Upland and
Florida.
Ordinary
per tt>.
flood Ordinary
28,015
23,673
51,269
20,606
17,980
26,799
TotalsinceSept.l
47,699
44,033
97,593
42,464
35,952
43,t21
Middling
Good Middling
week ending this evening reach a total of
bales, ol ’4 which 3,182
'
Total this week
The exports for the
were to
Great Britain,
none to
our
Texas had been
somewhat injured by heavy rains, stiffened up futures a fraction.
On Monday, however, we received the response of Liverpool, in
an active, higher
and buoyant market, when about the highest
prices of the week were made, as shown in our table ; but there
was a quick reaction in the
early months, while the later months
were very firm, as a rale.
Wednesday was lower, and yesterday
without much change. To-day, the market showed weakness,
under the more peaceful nature of the intelligence from New
^Orleans and liberal receipts at the ports, and at the close there
was a slight decline in prices, with little spirit to the dealings.
After ’Change, there was a moderate business at 15fc. for Sep¬
tember, 154@15 7-32c. for October, 15 9-32@15ic. for November,
15 ll-32c. for December, 15 15-32c. for January, and 16 1 32c.
for March.
The total sales for forward delivery for the
week are 131,100 bales, including
free on board. For imme¬
diate delivery the total sales foot up this week 6,394 bales, includ¬
ing 1,653 for export, 4,653 for consumption, 88 for speculation,
and
in transit.
Of the above, 166 bales were toj arrive.
The following are the closing quotations :
Strict Good Ordinary
Low Middling
.'
3,226
information contained in
Below
we
13%®...
14%®....
15%®....
15%®...
16%®...-.
17%®...
crop
in
Mobile.
13%®....
15
@....
15%®....
15%®....
16%®....
17%®....
mew
Orleans.
18%®....
15%®....
Texas.
13%®....
15%®....
15 11-16
15 i1—16
16%®....
16%®....
17%@....
16%®....
16%®....
17%®....
give the sales of spot and transit cotton and price ol
Upland* at this market each day of the past week:
C<»n-
Exp’t.
spec
ula’u
sump.
Good
Tran.-lt.
Total.
***15
43
7
23
1,653
4,653
88
6,591
Wednesday
Thursday
Friday
Total
13*
13*
18*
13*
18*
is*
842
*i30
835
791
1,873
•
a
2,0 5
•
811
1,871
941
....
low
>rd’ry. Ord’ry. Mldl’g.
i
401
401
652
796
1.174
Saturday
Monday
Tuesday
At Savannah there were two
PBIOKB.
BALKS.
15
15
15
14*
14*
14*
Mid
dlin
16
16
16
P*
75*
15*
.
•
•
....
•
boa'j)
on
(all low middling or
statement of
For
September,
ctf.
15 E-82
15 9-1*
200
8.200
1,900
15 19*2
15*
500 B. n
15*
.8,80 '
1.910
15 21 Si
15 l!-l«
500
15*
15 25-32
15 13 .6
1,7-0
1.000
1,000
15 21-32
15*
15 15-16
100
700
200
16,700 total Sept.
For November.
IB.
bales.
...15 5-32
100
!5*
suo
cts.
1,100...
5,.-00...
15 15- 2
15*
....
.15 9-3-2
...15 5-16
..15 41-32
1 400...
15 17-32
2,50i...
3,100...
.P7-16
3,100...
..
1,400
1..0)
3.100
900...
..
..'5 15-33
3.00...
.
.
..15 21- 2
1511-16
...15 21-32
1,200...
..
..
1 200
2*0
..
For December.
15 7 82
15*
15 5-16
16*
1,900...
16 9-32
200....
5,CC0total March.
For
24,200 total Jan.
15,500 total Not.
16 5-32
16 3-16
16 7-32
5 4*....
iOG..
600....
9u0...
800
16 1-32
16 1-10
..
100..
2,000....
700...
....
1.100
2.2 0
1. 00
cts.
16
I bales.
15 3.-16
15 19-32
..15 13-32
1.&0
1,500
For January.
bales.
For February.
100
15 13-32
1511-16
800...
4i 0..
15 25-32
800
15 13-16
1,10...
15 27 32
1,61*0...
600...
’-5*
l.bO... ....15 49 32
15 ! 5-141
1,200...
15 91-32
L0J
100...
100....
100....
800
500....
10 *
..
April.
16*
.
...16 11-32
16 9 16
16 19-32
showery days and a severe rain
the vicinity
of
day; our correspondent thinks that in
Savannah the middle crop is safe and will be abundant; the
rainfall reached four and sixty-one hundredths inches.
The weather at Augusta has been warm, with heavy rain on
three days; our correspondent telegraphs that crop accounts are
on
16*
16*
163k
16*
16*
....
For forward delivery the sales (including — free
have reached during the week 131,100 bales
on the basis of low middling), and the following is a
the sales and prices :
baie*.
[September 19, 1874,
THE CHRONICLE
300
one
discouraging as the damage done will, he thinks, probab1 y re¬
duce the crop twenty to twenty-five per cent.; the rainfall ag¬
gregated two and sixty-three hundredths inches.
The thermometer has averaged at Galveston, 80; Indianola,
80 ; New Orleans, 79 ; Nashville, 77;- Memphis, 75; Mobile, 79;
Montgomery, 80; Salma, 80; Macon, 80; Atlanta, 75; Columbus,
80; Savannah, 77, and Augusta, 77.
The Agricultural Bureau’s Report for September.—If
there is one desire more widely prevailing among the great body
of the cotton trade than any other, it is to obtain correct weekly
or monthly information with regard to the condition of the grow¬
ing crop. Hence, the repeated mistakes of the Agricultural Bureau
have been received and judged of with great charity, in the hope
that as the Bureau was supposed to have an honest purpose, prac¬
tice would each succeeding year make its work more perfect, until
its monthly reports should become useful to honest men. Thepresent season's bulletins, however, and especially the September
statement, issued last Saturday, have served to convince the entire
trade that there is no room in that direction for hope left; and
consequently we see that last fearful document—which rightly
interpreted would mean that we cquld not raise 3,000,000 bales
8,100 total April.
3UU
15 9-32
of cotton this year—fall so harmlessly, that prices at once
1 200
15 5-16
For May.
15 13 32
on the issue of the report began to tend do wnwards, in the face,
3,5( HJ
15 11-32
16
3 0....
.15 7-16
1,8.0
54(0...
16*
100....
too, of the upward turn at Liverpool.
What a commentary upon
..15 15-32
900
15 13 32
2,200
610....
15*
15 7 lrt
2,' 00
ignorance 1 and may we not add upon official impotence, in view
5,500..
16 25 3'
10i*....
..15 17-2
1,200
15 15-32
2,4UU..
of the fact that its substance whs in the hands of members of the
400....
...15 916
•2,200
5,1X0
7,600 total Feb.
15 19-32
trade in New York, and speculated upon two days before its official
600
15 17 32
1.101
1,500 total May.
7> 0
15 9 16
600..
For March.
publication ? Does it not look a little as if the profits of those who
15 21-53
100....
15 19-32
600..
For June.
15 15-15
200
were in the secret would require a microscope to find them ?
300....
id 31-32
10J...
Dec.
16.70J total
88.500 total Oct.
But let us see. for the purpose of making a record of it, just
what this September statement did say.
Of course there is some
The following exchanges have been made during the week :
difficulty in giving an explanation or interpretation of the Bureau’s
100 January for September, even.
averages, for no one knows precisely what is meant by an aver¬
The following will show the closing prices each day on the
age.
The last three crops have averaged about four million
Frl.
Thurs.
Wed.
Tues.
bales, and we suppose, therefore, it would be fair to call 4 millions
Mon.
Sat.
Frt.
15*
15*
16
15*
16
16
an average yield.
On spot.
16
Still, f>r the sake of the Bureau’s reputation,
15 19-312
15 19-32
15*
September
15 21-32 15 25-82 15 25-32 15*17-32 15*
15 5-16
15*
let us err on the right side and take the crop the past year as the
15
15 11-32
15*
15 9—3 i
Oc ober
15 5-16
15*
15 17-82
15 15-32
15*
15 11-22
basis : that is to say, if this were, an average season, and every
15 3-;6
November
15 5-16
15 17-32
15*
15 9-.6
*
15*
December
15 7-32
15 11-.6
P>*
15 2 -82
State was reported 100 with the Bureau’s decreased acreage of
15*
15*
15*
15 13-32
January
15*
15 15-16
15*
15 31-32
15 27-32
15 25-32
Fe
fmm 10 to 11 per ceut, the yield would have been 4,170,000 bales.
15*
uary
16 3-16
16*
16 7-33
16 7-32
16 15-16
'.6!*
March
U-*
16 17-32
16*
16 17-32
We think the statistician will be satisfied that we do not start
16 9-16
16*
16*
▲ rl
18*
16*
16*
16*
16*
with too small a figure.
May
16*
10 ■*
H'9*
L9*
1<9*
109*
109*
Gold
109*
4.83*
4.82
4.83*
4.82
Such then being the understanding of what would have been,
4.82
4 82
Fx hanure
4.82
941
842
811
1,371
40 L
2,025
Sales spot
1.M4
according to the Bureau, au average crop this year, the yield of
26,900
26,000
14,90J
21.700
24,800
16,700
Sales future... 27.00J
each state might be estimated about as follows, and the yield this
Weather
by
Telegraph.—There have been year according to the Department’s August and September
Reports
showers in most sections of the South the past week. We hear, Reports, would then be as given below:
For October.
15 7-32
200...
100
1"0.
..
..
.
1,300
3,6011...
2,800...
6,100...
2,600
..
.
..
..
.
...
2.0....
..
16*
..
..
..
..
.
..
.
..
o.,
'
•
.
....
from that cause, and suppose,
they‘have not
Texas ; as to that state it will be seen that our Galveston corres¬
pondent believes the rains of the last two.weeks have done harm.
We should think it was too late to fear any damage from cater¬
pillars.
At Galveston there
the rains of the last
days the past week ;
reported to have done much
have been two showery
fortnight
are
damage, by preventing picking, beating out cotton, causing seed
to sprout in the lock, and by bringing back caterpillars, which, in
some coast counties have stripped off nearly every leaf; the rain¬
States.
-
Yield.
Average.
102
99
94
225,000
North Carolina
South Carolina
Georgia
Florida
Alabama
500,000
570,000
75,000
575.000
Mississippi
650,000
Texas
Arkansas
Tennessee
Total bales
we
102
90
see
578,5.0
332,000
89
83
400,000
415,nOO
4i'0,00 )
300,100
Louisiana
Here
^-Bureau for Sept —*
Yield. -Average.
Yield.
87
229.500
195,7 0
43 ',0"0
' 495,000
88
535,8(0
77
438.9 0
77
57,750
76,5 >0
517,500
465,750
81
Average ^-Bureau for Anguet->
•
therefore,
been excessive, but rather beneficial, except in
however, of no damage
105
87
83
75
62
64
47
48
498,750
3.8,000
219,0j0
.
48i,500
248,000
301,000
188 000
144.U00
..
2,959,650
4,170,000
3,So0,550
..
that even starting with last years crop as the
decrea’sed
yield
yield on the Bureau’s
acreage, the actual
this year, if we are to accept the Bureau’s
statement,
would be less than 3 million bales ! Furthermore, it appears by
the above that the decrease from August to September, caused by
the drought was 900,000 bales!
Here, then, we have the
average
September
fifty-four hundredths of an inch.
was only one light shower at Indianola the past week,
rain falling to the extent of five hundredths of an inch.
explanation and illustration of the fearful power of that remark¬
It has rained at New Orleans on three days, showers, the rain¬ able “ wind ” referred to iu the September repirt which in many
counties “ parched the crop, and in one or two cases destroyed it
fall reaching eighty.five hundredths of an inch.
within halt an hour ! 1”
At Nashville there were light rains on two days • the days have
But it is hardly necessary to spend time on this production.
It
been warm, but the nights cold; crop estimates continue forty to may be desirable to refer to it hereafter, and we have, therefore,
fifty per cent below last crop ; the rainfall reached eleven hund¬ taken the trouble to analyze and make a record of the statement.
redths of an inch.
Annuvl Crop report.—In our editorial columns will be found
Memphis has also been visited by two rainy days, the rainfall our u^ual annual crop report. Very unfortunately, in our efforts
aggregating fifty-nine hundredths of an inch ; planters are send¬ to give the press as early copies as possible, an error was over¬
This happened
looked iu some of our first letter sheets sent out.
ing the crop to market freely.
by accidentally carrying into our table of port receipts, in the case
There have Deen two showery days at Mobile ; accounts from
of South Carolina, the first or gross total, 453,340 bales, for that
the interior are conflicting ; it is believed that the middle and top
State, instead ot the net total, 438,194 bales. In the details by
crop will be poor ; picking is progressing finely; the rainfall was
States South Carolina was of course correctly given, even in the
twenty-nine hundredths of an inch.
earliest copies.
The error was very annoying, but we did what
The weather at Montgomery has been warm and dry ; the
we could to correct it
by telegraphing to most points as soon as
opinion prevails li3re that the top crop will be poor; picking is it was discovered.
progressing finely, and planters are sending forward their cotton
Cotton Plant Specimens.—We have received, this week,
freely ; the rainfall reached sixteen hundredths of an inch.
through the kindness of Major William F. Alexander of Augusta,
At Selma, with the exception of one light local rain, the
weather has been warm and dry ; the highest range of the ther¬ three cotton stalks or plants;—one and the best was from the plan¬
tation of Capt. Walker, a few miles up the river, grown on red
mometer during the week was ninety-three degrees ; the rainfall
stiff land, having on it about seventy to eighty bolls in all stages
was sixteen hundredths of an inch.
There was rain on two days at Macon, the rainfall reaching one of development, besides blossoms and squares ; the other two were
from wliat is known *as the Orphan Asylum farm near Augusta,
inch and eighteen hundredths.
There were two showery days at Atlanta; picking is going on cirrying much less fruit, being grown on lighter land; one of
satisfactorily; the rainfall was twenty-two hundredths of an the latter had been struck with rust, and was decidedly sickly.
We have these specimens all hung up in our office, and are pro¬
inch.
We have not determined yet when
At Columbus, as at Atlanta, there were two days showery with ducing cotton at a rapid rate.
fall
was
There
,
a
rainfall of twenty-two
hundredths of an inch.
we
shall market our crop.
.
.
Norfolk Receipts and Shipments.—Messrs. Reynolds Brothers of Norfolk very kindly sends us this week a full statement of
the crop movement at that port the past year. We intended to
make room for the whole of it but cannot, as our crop report
occupies so much space; nor is it perhaps necessary as their
figures are all incorporated in the annual report as the principal
r-Week ending Sept. 18,1874—» —WeekendingSept. 19,1878.-%
..
Selma
Total, old.
Bombay Shipments.—According to our
Atlanta
St. Louis
Cincinnati
Total,
Great
Britain.
1874..
1873..
..2781
.
*.
.
Con
Great
Britain.
tinent. Total.
6,000
8,'HiO
1,000
.
6.000
1,000
788,000
3,000
2,000
..
676.000
Con¬
tinent.
Total.
This
week.
36-2,000 1,150 000
872,000
106,000
240,000
860,000
620,000
Since
Jan. 1
1.000
8,000
1,000
..
new
Total, all.
1,212.000
926,000
907,000
*
No
5,053
779
557
827
1,104
846
2,038
1,933
1,994
3,146
1,537
1,600
1,847
1,846
2,754
1,765
134
216
1,234
1,403
7,318
3,160
638
403
8,812
1,590
10,865
8,289
21,033
10,993
6,829
13,538
..
...
...
..
..
..
*
*
200
204
751
183
370
1,856
8,116
1,123
1,155
2,409
29,149
12,116
7,984
15,947
receipts
245
1,794
5,349
1.278
1,787
12,143
10,076
..
..
..
or
950
*
368
170
753
496
..
502
736
552
799
300
131
692
549
68
416
Shreveport..
Shipments this week—* /—Shipments since Jan. l-% ,—Receipts.-
1,686
..
(Montgomery
1,142
1,907
1,995
1,707
1,385
2,072
2,432
1,136
1,237
1,775
..
Columbus.
Macon
received tlieir full report.
cable dispatch received
to-day, there have been 6,000 ba'es shipped from Bombay to
Great Britain the past week and no bales to the Continent,
while the receipts at Bombay during the same time have been
1,000 bales. The movement since the 1st of January is as
follows. These are the figures of W. Nicol & Co., of Bombay
and are brought down to Thursday, Sept. 17:
Receipts. Shipments. Stock.
Receipts. Shipments. Stock.
Augusta
portion of the Virginia movement. The Norfolk figures of Memphis
rec°ipts we published last week were prepared by Messrs. Rey¬ Nashville...
nolds Brothers, though we did not know it until this week when
we
301
THE CHRONICLE
September 19, 1874.]
656
317
-
shipments in consequence of the yellow fever epidemic.
The above totals show that the old interior stocks have increased
year
during the week 2,576 bales, and
than at the same petioi last year.
Gunny Bags, Bagging,
for bagging, and the sales
The exports of cotton this week from New York show a
decrease, as compared with last week, the total reaching 1,982
bales, against 4,884 bales last week. Below we give our usual
table showing the exports of cotton from New York and their
direction for each of the last four weeks; also the total ex¬
From the
foregoing it would appear that compared with last
there is an increase of 3,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total movement
since January 1 shows an increase in shipments of 278,000 bales
compared with the corresponding period of 1873.
Etc.—We have had a very dull market
in lots daring the week will not aggre¬
gate more thaa 500 @600 rolls at 13$gll4£c. The close is dull
and easy, with buyers holding off and sellers rather inclined to
do business.
We quote Borneo at 13f a)14c., and native at 10@
10£c. Bags are dull and nominally quoted at 12c. Jute butts
arn quiet, but the small stock keeps prices from declining much ;
400 bales sold from store and 400 bales landing at 2 ll-16c., cash,
and 300 bales landing at 2|c. time.
bales less than the
to-night 7,495 bales more
The receipts have been 128
are
week last year.
same
ports and direction since
the total for the
Sept. 1,1874; and in the last column
period of the previous year.
same
Exports of Cotton (bales) from New York since Sept.1, 18T4
Same
WEEK ENDING
Total
.
Visible Supply of Cotton as Made up by Cable and Tele
graph.—Below
give our table of visible supply, as made up
by cable and telegraph to night. The continental stocks are the
figures of last Saturday, but the totals for Great Britain and the
afloat for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence to make the toinls the
complete figures for to night (Sept. 18). we add the item of exports
from the United States, including in it the exports of Friday
only.
Aug.
Sept.
26.
31.
9.
Sent.
16.
Liverpool
5,455
2,866
2,775
1.982
6,246
Total to Gt. Britain
5,455
2,866
2,775
1,982
6,246
Havre
Other French ports...
95
'total French
95
1872.
Stock at Liverpool
707.000
799,000
214,500
228.000
1,027,000
19,000
59,250
12,0)0
37.000
25.750
32,000
•
Total Great Britain stock
997,000
...
Stock
at
Marseilles
13,500
...
Stock at Barcelona
42,500
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
;
....
Stock at Antwerp
Stock at other continental ports
Total continental stocks
European stocks
Europe
American cotton afloat for Europe.
Egypt, Brazils, &c., afloat for Europe.
Stock in United States ports
..
28,250
26.000
65,000
40.000
453,000
561,000
1,872,250
India cotton afloat for
Of the abovo, the
9,000
2,109
22,0*
65,000
50,000
105.877
67.042
93.920
13,538
1,000
12,155
1,000
1,000
1,911,160
1,838,080
2.053,075
totals or American and other descriptions are as follows:
American—
283,000
226,000
21,000
Liverpool stock
Continental stocks
American afloat to
233,000
157,000
184,000
112,000
22,0( 0
105,877
13,533
12,157
1,000
Total American
39,COO
67,042
21,033
Europe....
United States stock
United States interior stocks..
United States expoits to-day..
1,000
1.000
657,910
537,580
513,000
474.000
111,000
54,000
214,500
269,000
278,000
65,000
1,253,250
1,300.500
657,910
537.580
1,911,160
8d
London stock
Continental stocks
India afloat for Enrope
1,838,030
239,250
336,000
Egypt, Brazil, <fec., afloat
..
..
Total East India, &c
•••
.......
Total American
Total visible
supply
Price' Middling Uplands, Liverpool
These figures indicate
an
398,075
.
increase in the
9d.
cotton in
642,000
228,0d0
452,000
283,000
50,000
1,655,000
398,075
2,053,075
9&d.
sight to-
night, of 73,080 bales as compared with the same date of 1873,
and a decrease of 141,915 bales as compared with the correspond¬
ing date of 1872.
Movements
of
Cotton at the Interior Ports.—Below
we
give the movements of cotton kt tlio interior ports—receipts and
shipments for the week, apd stock to-nigUt- and for the correspond¬
ing week of 1873,
Europe.
*
•
*
•
*
Spain. Oporto&Gibraltar&c
All
....
••
•
•
....
....
•
others
Total
Spain, See
....
Grand Total
5.550
....
1.982
4 884
2.866
16,851
8,355
The following are the receipts of cotton at New York, Boston
Philadelphia and Baltimore for the last week, and since Sept. 1,'74*
NEW YORK.
bkce’ts
philadelp’ia
BALTIMORE.
This
Since
week' Septl.
BOSTON.
This
Since
week. Septl.
from-
This
New Orleans..
Texas
Savannah
Mobile
Florida
3’th Carolina
N’th Carolina.
Since
week.
Sept 1.
This
week.
Since
Sept.l.
2,580
1,420
5,225
2,815
5,121
366
'366
!,i24
2,236
si?
M7
193
449
36
1,500
1,866
2,961
Tennessee, &c
Foreign
102
221
1
960
176
1,267
1
75
Total this year
9,399
16 610
2,570
5,785
525
826
403
557
Total last year.
10 360
22.967
3,266
5,517
417
908
344
1,030
...
....
....
1,886
422
•
....
....
•
576
233
48
134
36
241
..,
Virginia
North’rn Ports
197
^
....
486
....
..
•
••
....
202
...
•
m
.
103
♦
0
•
....
213
90
•
•
•
13
....
93.920
East
Indian, Brazil, <fee.—
Liverpool stock
Total to N.
283.090;
39,000
21,033
...
Other ports
1.591,000
54,000
...
...
....
65.00C
21.000
Stock in United States interior ports..
United States exports to-day
supply
1,374.500
278.000
...
2,109
....
85,000
465,250
...
Total
97,000
23,750
11,250
..
56,000
16,000
39,000
94,250
Stockat Hamburg
Total visible
235.000
16,819
•
2,109
Hamburg
921,500
113,250
2,109
•
Bremen and Hanover
Stock at
Stock at Havre
year.
Other British Ports....
1873.
London.
prev'u8
Aug.
we
1874.
period
to
date.
EXPORTED TO
Shipping News.—The exports of cotton from the United States
the past week, as per latest mail returns, have reached 4,543
bales. So far as the Southern port# are concerned, these are the
iameexnorts
reported by telegraph,and published in The Chron¬
are
last Friday, except Galveston, and the figures for that port
the exports for two weeks back. With regard to New York,
we
include the manifests of ail vessels cleared up to
icle
night of this week.
Wednesday
Total hales.
New York—To
Liverpool, per Pteamers Copernicus, 93
France. 801
...Cityo Paris, 100. ..Baltic, 60
England, 455....Italy, 473
1.982
New Orleans—To Liverpool, per steamer Audean, 2.497
2,497
Savannah—To Barcelona, per bark Prosperidad, 20 Upland
20
Boston—To St. Johns, N. B., per steamer City of Portland, 44
44
Total
4,548
The particulars of these
follows:
shipments, arranged in our usual form
are as
New York
New Orleans
Savannah
Boston
Total....
Cotton
Liverpool.
Bardelona. St. Johns.
Total.
1.W82
2,497
20
.
.
..
~20
44
44
freights the past; week have been as follows:
20
44
...
<&X
®^
Friday
.
...
...
...
....@7-32
@7-32
Thnrsda y.
...
.MX
MX
.MX
X
X
X
X
X
X
...
...
■
■
MX
.MX
.MX
%
%
%
.MX
.MX
%comp.
^comp.
&comp.
#comp.
%comp.
$6 comp.
.MX
.MX
..®X
X
%
X
@x
.
weeks, ending Sept. 12, aggregate less than 3,100,000
bush., against about 7,800,000 for the corresponding period last
year.
A notable feature of the market for the past week is the
opening of prices for new spring wheat at $1 18@$1 19 for
The difference of 6@8c. per bushel
Chicago and Milwaukee.
for the two
c.
c.
c.
c.
c.
...
....
...
Wedn’diiy.
c.
®7-32
.-...@7-32
....@7-32
....@7-32
r..
—Hamburg.—.
Steam. Sail.
Bremen.—
Steam. Sail,
,—Havre.—>
Steam. Sail,
Sail.
d.
Steam.
d.
Monday
Tuesday
No, 2
Liverpool.
Liverpool, Sep. 18.—3.30 P.M.—By Cable from
opened steady and closed firm to-day. Sales of the
day were 12,000 bales, of which 2,000 bales were for export and
speculation. Of to-day’s sales 5,000 bales were American. The
weekly movement is given as follows :
78,000
18,000
841.000
-
335,000
81,000
19,000
313,000
11.000
10,000
319,000
23,000
21,000
10.000
334,000
26.000
40.000
mixed sold
and arrive
pressure to realize, and on Wednesday prime canal
at
94@94£c, but yesterday, after free sales on the spot
to
at 94^@95c, the close was stronger at 96c.
The export is on a
reduced scale owing to the price; the reduced receipts at the
West do not, therefore, cause any inconvenience. To-day, the
table will show the daily closing prices of cotton for the week:
Mon.
Tues.
Wednes. Thurs.
Fri.
.
European Cotton
....@8*
Markets.—In reference to these markets
Liverpool, Sept. 5.—Since
the transactions on speculation
-Taken
1874.
bales.
1873.
bales.
127,630
American.... 15",850
Brazilian....
18 450
6,620
9,700
1,100
49,490
Egyptian, &c. 13,540
India, &c.
2,4 JO
E. India Ac. 56,450
1 94,540
248,730
Total
The
1873.
bales.
1873.
bales.
78,059
20,259
80,078
10,815
120,750
8 573
7,435
8,243
196,062
220,610
10,240
126,813
9,990
29,270
412,600
235,381
591,490
311,196
535,150
18,880
from last year.
and afloat, but closed dull.
The following are the closing
DESCRIPTIONS.
Thursday
Amc.ican..bales.2«,0( 0
Brazilian
6,310
Egyptian
4,510
Smyrna & Greek 11 rnn
610
50
1,900
1,489
150
110
260
1 bUU
West Indian.... j
11,090
East Indian....
5,930
49,540
9,720
Total
r—
12,403
1,772
380,522
184,480
79
Smyrna & Gr’k
1,706
W. Indian
East Indian... 45,821
52,427
Brazilian
.
...
Egyptian
2.140
596,596
-
—*
Total.
1873.
1,871,991
468,070
309,739
16,102
343,529
179,468
15,630
66,529
113,041
757,603
552,437
3,536,516
80,601 2,710,535 2,663,945
Total
year.
-
To this
date
1873.
1874.
18,820 1,494,370 1.506,352
American
1874.
1873.
1,390 60,650 2,642,050
To this
date
Average
weekly sales
28,410 1,414,200 1,390,:;60 35,070
7,390
300,780
285,010
7,840
5,510
192,130
204,120
4,720
11,800) 1,060
3,240
j
80
G9,150 f
1 1,960 54,500
554,770 11,140
17,640 665,210
Imports.
—
This
week.
620
Same
period
Total
this
Sales this week.
Ex- SpeculaTrade. port
tion. Total.
$ bbl. $3 85®
3uperfineStateand West¬
ern
4 70®
Extra State, &c
5 15®
Western Spring Wheat
extras
5 10®
1873.
34,860
7,400
5,380
1,500
do double extras
do winter wheat extras
and double extras..
City shipping extras.
brands
Stocks, Sept.
Southern bakers’
mily brands
Southernshipp’gextras..
Rye flour, superfine
2,514,120 60,170 59,780
The movement in
lows:
-Stocks..
Same
Dec. 31.
date
This
1873.
1873.
day.
148,690
335,210 275.300
62,510
164,420 104.810
■■ ■■
e—
r
61,990
1,300
8.150 i
31,100
296,320
25,200 i
890,430
17,830
36,060
325.500
775,020
1873.
Bales.
248,309
227,588
209,883
209,541
.
...
-
22,130
281,800
592,960
232,262
1874.
Bales.
139,605
Friday P. M.«
flour the
been
an
past week.
active and
Receipts have been
places seems to be
mill streams, while the export
tion in many
rather improving
curtailed by tbe low stage ot the
demand has been active from all
Flour,
bbls. 76,260
1,320
meal, “ .
Wheat, bus. 681,137
Corn,
“ . 166,797
Rye,
10,355
♦Barley ” .
188,986
Oats ...”
♦
No. 2
No. 1
Southern, white
Rye
Oats—Black
15® 5 60
25® 4 75
OC® 5 15
62®
v
breadstuffs at this market
Jan
1, 1873.
2,783,571
15,222,436
16,671,957
457,205
788,953
678.912
6,964,347
week.
Since
Jan. 1.
1,567,331
1.39,110
4,016
929,579 27,491,819
116,401 15,830,316
550.792
17,743
8,183,537
,
Jan. 1.
1.023.853
57,824
135 438
3.344
556,682 12,733,402
804,168 10,692,091
638,416
87,322
40,040
3.000
3,967
.
Since
For tbe
week.
36,103
808,948
YORK.
1873.
-1874.-
Forthe
65
67
70
30
40
35
40
has been as lol-
EXPORT8 PROM NEW
Since
142,215
1 10@ 1
1 30® 1
1 20® 1
" 1 15® 1
.
State
65®
6‘®
..
.
Peas—Canada
YORK.—
98
95®
Mixed
White
7 00® 8 25 Barley—Western
5 50® 6 50
Canada West
5
4
5
1 22® 1 30
1 18® 1 24
1 25® 1 28
1 27® l 42
96® 97
99® 1 00
97® ...
@ —
spring
Red Western
Amber do.. ....
White
Corn—Western mixed
White Western
Yellow Western
2,214,363
172,197
C.
6i3
92,903
27,067
also malt.
show the Grain in sight and the move*
the latest mail dat^s:
AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
SEPT. 12, AND FROM SPET. 1 TO SEPT. 12.
In “ Receipts
at New York” includes
The following tables
ment of Breadstuffs to
RECEIPTS
Flour.
bbls.
.
.
Detroit
Wheat
bush.
(196 lbs.) (fiOlbs.)
465,410
22,082
390,083
18,539
177,237
3,858
151,321
12,667
-
Milwaukee
.
370
28,600
220,292
21,4 7
*1,875
12,591
*2,790
Cleveland
St. Louis
The sales include 8,000 bbls. extra Milwaukee for
October delivery at $5 40@$5 45, and latterly considerable lines
of trade-brands from spring Wheat have been taken for export at
$5 70, with common extras from winter wheat going freely at
$5 80@$6. There have also been large sales recently of good
baker’s brands from spring wheat at $6@$6 25. Supers and
No. 2’s have met witli a large demand from the British North
American provinces. Rye flour has been firmer, owing to reduced
supplies. Corn meal las been dull at the advance quoted in our
last.
To-day, the market was quiet and unchanged; a severe
storm checked the demand, but with small receipts there was no
pressure to sell.
The wheat market has been fairly active, but at rather weak¬
ening prices. Supplies have been liberal, and foreign accounts
dull; but with a decline in ocean freights, some advance in ex¬
change, and the easier prices, shippers have been able to operate
to a fair extent, while local millers have bought with much
freedom, being able to make large sales of their flour. Receipts
at the Western markets continue to show a large falling off, and
quarters.
5 35® 6 00
6 25® 8 00
spring,bush.$1 10® 1 13
spring, new
1 15® 1 17
Wheat—No.3
Jan. 1.
week.
Chicago...
moderate, and pro due
5 50® 8 00
1874.
,
For the
Since
107,466
market for
5 50
,
217,265
September 18, 1874.
5 00
5 40
5 65® 8 00
RECEIPTS AT NEW
.
BR EADSTUPFS.
There has
and fa¬
Cornmeal—Western, &C.
Corn meal—Br’wine, &c.
1872.
Bales.
3
.
10,640
5.—The cotton trade is dull, and prices are
Annexed are the particulars of imports, deliveries
IP
...
Deliveries
. .
trade and family
City
London, Sept
rather lower.
and stocks:
Grain.
4 25
No. 2
evening last;
SALE8, ETC., OF ALL
quotations :
Flour.
and imports of cotton
and also the stocks on hand, on
63@
sales embraced
with
off
To-day, prime mixed advanced to G5@G7c in store
year
1874,
bales.
1872.
bales.
193.440
8.Z.810
32.280
4.010
following statement shows the sales
tor the week and year,
Barlay meets with a better demand,
the crop, and maltsters anxious to
get to work by the 1st proximo.
Oats declined early in the week and sold on Wednesday at
65c for prime mixed and white; but yesterday, the
Actual
.—Actual exp. from
boat-loads of No. 2 Toledo at 64£c, and No. 2 Chicago 65£c,
Liv., Hull & other exp’tfrom
U.K.in choice white 67c. The movement shows a considerable falling
outports to date-
the commencement of the
and for export have been :
to this date-
on spec,
advanced to 95@97c.
and with a small movement of
has since
date of Sept.
correspondent in London, writing under the
5, 1874, states:
W.
...@8
...@8tf ...@8
..M8X
...@8
...@8X
....@8
..@8
..M8X
mized—the higher figure for
choice—part to arrive, but the close was dull.
The stock of old rye was closed out at $1 per bushel, and new
96@97c for
market was firmer at
Satur.
M|d,gUnlands7^(a3
do Orleans. 8X&HX
$1 15 to arrive ; old wheat sold at $1 20 for No. 2 Northwest
$1 24 for No. 1 Chicago and No. 2 Milwaukee.
Indian corn took a downward course early in the week, under a
and
96,000
13,000
7,000
796,000
283,000
42,000
6,000
12,000
235,0(0
17,000
2,000
1.000
890,000
at
Sept. 18.
Sept. 11.
61,000
10,000
2,000
870,000
343,000
21,000
10,000
9,000
384,000
of which American.
The following
Sept. 4.
Aug. 28.
61,000
6,000
Sales of the week
bales.
of which exporters took
of which speculators took....
Total stock
grades of old Chicago and Milwaukee almost
wholly disappears in the new, and it is asserted that the Chicago is
the better wheat.
To-day, there was a large business in new No
2 Northwest and Milwaukee at $1 16, with a speculative demand
between the same
—The market
our
[September 19,1874.
THE CHRONICLE.
802
.
Peoria
Duluth.
.
40,303
Corn.
bush.
(56 lbs.)
680.809
10,640
64,277
1,961
3,500
35,513
84,380
....
881,080
1,469.951
945,060
1,613 971
Previous week
136.079 3,991.260 1 773.342
Correst.’Lg week,’73
’72.
112,568 1,582,180 1,927.180
131.103 2,258,254 1,068,251
71
133.251 1,002,839
432.239
’70
’69. 123,051 1,813,462 1,357,854
593,259 11,006.433 7.426,912
Total Aug. 1 to date.
664,550 15,201,322 13,709,976
Same time 1873-74.
558.066 9.209,436 14,316,702
Same time 1872-,'3..
937,137 12,097,860 9,779,092
Same time 1871-72..
102.484
105,092
Total
“
“
“
.
♦
Oats.
bush.
Barley
bush.
(321bs.)(481bs.)
206,465
97.210
21,270
81,556
79,430
11,249
14,709
114,724
93,200
2,751
16,200
50,287
450
8.010
637.961
15,784
3,630
200
4,692
12,680
....
....
541,047
485,826
642,999
Rye
bosh
(56 lbs.
176,464
36,936
136,217
84,044
319 451
361,298
1,142,930 432,708
421,687
429.747
544,225
4,619,974
4,400,269
100,311
620,581
746,232
4,071,348 998,353
7,836,637 1,651,114
83,818
58,341
163,426
45,910
77,799
241.613
400,299
277,796
908,411
Estimated.
Shipments of Flour and
Milwaukee, Toledo, Detroit,
Grain from the ports
of Chicago,
Cleveland, St Louis, Peoria and
Duluth, for the week ending Sept. 12, 1874, and from January
to Sept. 12 :
*
Flour, Wheat,
Oats, Barley,
Rye.
Corn,
bbls.
Weekending—
bbls.
bush. bush. hush.
bush. busb.
544.435
1.498,511
4V203 15,367
Sept. 12, 1874
119,295 2,006,080 1,337.86! ' 336,733
1 407,719
59,751 15,958
Sept. 5, 1874
99,215 4,334.426 1,174,175
377,760 106.962
88,879
Corresp’ng week 1873 166,316
28,748
Corresp’ng week 1872 111,048 1,488,671 2,561,432 ' 731,830 284,606
949,896
648.382 270.470
84,405
Corresp’ng week 1871 110,490 1,374,333
Corresp’ng week 1870
104,527
Total Jan. to date.,..3,943,544
Same time 1873
4,230,573
Same time 1872......2,723.016
Same time 1871
2,929,358
797.955
607,539
476,659
307.759
35,292
42,644,861 35,815,681 11,960,711 1.479,429 2,465,136
34,033,597 35,244,244 15,748.780 1,791,709 935,820
14,784,638 51,459,602 13,339,664 1,509,488 796,992
24,236,460 39,184,924 10,652,838 1,387 036 927,170
September 19, 1874,]
THE CHRONICLE.
RECEIPTS OF FLOUR AND GRAIN AT 8EABOARD PORTS FOR THE
WEEK' ENDING 8EPT. 12, AND FROM JAN. 1 TO SEPT. 12.
Flour,
At—
New York ....7
Boston
Portland..
Montreal
45,531
bush.
400
1,625
1,485,460
514,872
1,432.281
583,619
184,361 1,452,834 1,372,582
189,721 1,142,676
958.254
185,064
897,438 1,624,337
204,538 1,627,698 1,684,827
1 to date..7,179,155 43.688,794 40.353,749
1873 ......6,091,033 23.771,541 85,809,614
1872
5,012,848 10,213,141 53,696,256
1871
5.980,771 23,897/103 30,768,141
324,605
408 023
649,255
500
100
1,000
762,853
571,785
13,185,285
16,153,148
2,200
4,700
9,300
756,573
1,236,648
15 866,877
1,364.252
453,410
12,268,073
453,386
504,368
,
5,192
-
500
12,000
117,421
22 628
..
133,100
286,200
15
.40,107
11,771
224,526
218,024
The Visible
.
Supply
“
“
“
“
22,500
“
“
“
4,225
11,ICO
4,675
•
6,285
2,730
30,626
674.129
776,532
bush.
Repellants
Foreign Goods.—The imports are running
very close to those
period last year, and are not meeting an active consumptive
demand, the tendency being rather toward an accumulation of
stocks.
The auction houses have been well attended
during the
week, and the more staple qualities of goods have met ready sale.
Medium priced dress fabrics sell well, and silks also
go readily
into consumption at good
prices. Millinery goods are only moder¬
ately active. Linens and white goods are dull. There have been
no quotable alterations in val
ues, and nearly all fabrics are steadily
held, with prices sustained by firmer advices from abroad.
The importations of dry goods at this port for the week
ending
Sept. 17, 1874, and the corresponding weeks of 1873 and 1872,
have been
follows:
as
ENTERED POR CONSUMPTION POR THE WEEK ENDING
1872-
’900
67,327
12,5.9
Pkge.
Manufactures of wool
cottc
82^398
do
do
do
1,503
.1,515
silk.
687
582.923
261,747
169,993
15,000
156,185
138,670
5,417 $2,175,320
5,68S $2,219,970
,
17, 1874.
-1874
Value.
Pkgs.
1,888
1839,101
1.197
377,295
839
646,230
166.218
1,321
413
171,126
1,290
20.000
Value.
$697,438
460,285
505
SEPTEMBER
-1873-
.1,207
.
flax
•
Miscellaneous dry goods.
1.
11,516
fairly in me¬
jobbing well, but are not
active in first hands.
17,892
13,076
282,016
4,058
are
Pkgs
Value.
1,222
$551,021
297,431
591,431
200,956
1,018
794
946
447
'168,175
4,422 $1,809,017
466
24,742
131.571
16,252
99,316
150,000
245.553
304,652
1,403,277
1,301,836
95,234
36,025
795,100
WITHDRAWN PROM WAREHOUSE AND THROWN INTO THE MARKET DURING TnE
SAME PERIOD.
10,389
Manufactures of wool
12,194
160,000
45.351
3.171
5,979
600,604
'..
78,236
25,500
63,517
32.629
70,000
114,419
108 379
20.526
Barley,
bush.
857,756
7,945
dium-priced makes.
of this
....
Oats,
6,800
1!6,284
Worsted dress goods continue to sell well, and quotations are
firmly adhered to. Shawls and knit goods are strong, but there
is not a very active business doing.
Hosiery sells
300
1,500
...
bush.
171,825
678,643
259,968
5,662
617,167
210,371
440,000
1,779,163
7,754,872
1.229
75,000
-
do
do
do
45,000
399,525
144,910
98,315
l‘.200
2,277 $1,067,390
cotton..
silk
flax
7*1
366
563
Miscellaneous dry goods.
138
42,103
Total
1,610,255
1,792,604
218.099
174.898
7,284,263
1,968,6:13
7,901,793 6,551,837
6,824,460 7,487,334
6,901,822 7,021,838
8,358,144 12,430,985
1,436,753
1.255.441
1,043,938
129,990
95,478
46,822
27,644
2.551.442
476,940
Estimated
1,227
$523,016
171.011
&34
152
457
209
107,331
574
275
143 659
1,662
209/866
61,638
2,608
81,411
4.175 $1,977,897
Total thrown upon m’k’t.
$661,027
432,340
Addent’dforconsumpt’n 5,417
5,76-?,478
1,456
272 870
L000
Sept. 5, ’74 8.375,424 6,435,451
Aug. 22,’74
Aug. 15, ’74
Aug. 8, ’74
Sept. 13,’73
“
100
...
1,658,271
Aug. 29,’74 8.391,937
“
“
Corn,
bush.
968,825
Total
Total in store & in trausit
....
....
Grain, including the stocks m
points of accumulation at lake and
by rail, on the Lakes and on the New
12,1874:
Wheat
In store at New York
In fctoro at Albany
In store at Buffalo
In store at Chicago..
In store at Milwaukee
In store at Duluth
In store at Toledo
In store at Detroit
In store at Oswego*
In store at Boston
In store at St. Louis
In store at Peoria
In store at Toronto
In store at Montreal
In store at Philadelphia*
lu store at Baltimore*
Lake shipments*...Rail shipments
On N. Y. Canals
158,842
800
....
4,000
1,100
62.100
11,700
30,848
of
granary at the principal
seaboard ports, in transit
York canals, was, on Sept.
*
Rye,
bush.
125,825
89,032
Previous week
Week Aug. 28
Week Aug. 21
Week Aug. 14
Cor. week’73
Jan.
time
time
time
Baney,
274,169
76 500
8,000
82,968
88,200
27,244
7,791
Orleans....,
Total
Same
Same
Same
18,406
Oats,bush.
Philadelphia..
Total
Corn,
bush.
929,818
bush-
Baltimore
New
Wheat,
bbls.
87,297
BQ3
299,100
5 975 *1,425,715
2,175,386
0,688
9,592 $4,153,283
2,219,970
11,663
$3,645,685
Manufactures of wool....
903
$418 147
740
cotton..
625
32,273
2,379
4,422
$933,685
1,809.017
6,801 $2,742,652
$322,398
196,682
218
75 466
silk
flax
do
do
do
238
584
283,363
122
150.652
345
91
26,636
135
99.598
90.644
37.070
Totnl
2,446 $1,075,485
4.ddeut’d forconsumpt n 5,417 2,175 386
1,560
5,688
Total entered
Friday. P. M., Sept 18, 1874.
la 1,009
ENTERED FOR WAREHOUSING DURING SAME PERIOD
Miscellaneous dry goods.
THE DRY GOODS TRADE.
150.006
7,218 $2,845,146
We
the port. 7,803 $3,250,871
at
721
28 J
104
$296,668
65,461
121,294
516
45
103,962
34,886
$625,176
1,700
$622,271
2.219.970
4.422
1,809,017
6,122 $2,431,288
few
particulars of • eadine'articles of domestic
piece goods and
manufacture, our prices quoted being those of leading jobbers:
the market shows a better feeling in the
jobbing branch. The
Prints.
attendance of buyers from the near-by sections of the interior
Ancona fancy....
9
Oriental side hand 10#
9# Garner’s fancies..
lias been quite large and the increased
do
do
specialties 10-11
purple..
activity is due chiefly to
9# Pacific Mills
10
do
shirtings..
8# Gloucester
9# Peabody solid....
the liberal purchases of these dealers. Jobbers are
8#
American
distributing
do mourning.
9#
9# Richmond’s
9#
do
fair amounts of goods, but their stocks, as the
10
do
gn & ogn
do
shitting
8#
purples
10#
rule, are still
do
10
Hamilton
pnk chks
do
9#
Qkr sty
9#
demands upon them and their purchases of
ample to meet all the
do
robes....
10
do
checks
10
do
frocks..
10#
Anchor shirt’s....
do
h’r cord.
8*
do
dhl pnk
10#
lots to re-assort stocks have been very light.
1<>#
There has been Albion solid
9
do
purples.
10# Simpson mourn..
9#
some call for full
do
do
9
do solid blacks
9#
shirt’gs.
9
packages of the more staple fabrics, but.
fancy
do
9
nartel’s fancies..
suiting....
9# Sprague’s froc’s..
10#
general lines are not active. The range of values is somewhat Allens’ fancies...
do
Swiss....
9#
do
reds
10#
10
do
10
checks....
do
do
ruby&bk
10#
purples..
10
unsettled, and jobbers continue to cut rates on many of the lead¬
do
do
sol chks.
10
do
pink
10#
pinks
do
cheviot...
do
ing lines of cottons for the purpose of attracting trade. There
ern&oge.
do
10#
solids....
9
do
do
fancies
shirtings.
8#
do
palm
10#
9#
is more regularity than was noted previous to the recent
8
general Amoskeag
do
c&r pi’ks
10
do
chnz rbs.
10#
do
decline in first hands, though there has been more
purples
do
8# Lancaster cam
12*
blue&wh
11
irregularity in Bristol fancies...
9
Miners’ shirts
do
robes
8#
10%
Cocheco fancies..
prints during the past week, and a more or less general decline
do
9# Manchester
9#
suitings..
9%
do
do
10
robes.
pinks...
10#
Southbridge fan..
9%
is quotable.
do
purples...
10# Merrimac D fey.
do
9#
Bhirting
8%
do
robes
There is a very good feeling in the trade, financially, and col¬
do F pk&pur
10#
10* Wamsutta
r
....
do
do
G
shirtings.
8#
9# Washington rbes.
10%
lections are made readily in all sections. The retail trade is
do
sideb’nds
do
10
robes..
do grn stripes
10#
11
do
Conestoga fancies
do pad’d fan.
9#
shirtings
8#
10%
pretty fair in all localities.
Carleton mourn’g
9
do
side b’n 1
10
do fancies
There has been
a
more
active distribution of
annex
a
.
..
.
.
...
..
...
....
10%
10#
10#
10#
10#
10#
...
Domestic Cotton Goods.—The main feature of
the market
during the past week has been a decline in the principal makes of
prints, resulting from a less active distribution than has existed
for some weeks previously. Side-bands, which have been the most
popular styles, have become less active, and there is a tendency
toward an accumulation of stock. Brown aDd bleached goods are
moving fairly in jobbing lots, but are rather slow irom first
hands. Prices are somewhat irregular with jobbers, but agents
have made very few alterations since our last report, and the
market in first hands
weeks ago.
There is
is rather steadier at the decline of
very
a
few
little movement in colored cottons, and
quotations
are mainly nominal.
Domestic Woollen Goods.—The heavier fabrics for men’s
Dunnell’s
9#-10
do
pnrples
10#
do
checks.
9#
Freeman fancies
8#
do
9
ruby....
do Swiss do...
9
do
frocks...
9#
do
9W?
pinks...
do
purples..
9#
.
Woodberry
do
do
do
do
do
9#
10#
do
do
9
..
9#
....
Druid
No. 0
43
No, 1
9
10
10
fan & choc
Swiss rub.
green&or.
T’rkcy red
palm robe
purples...
pink
r
10#
11
,
39
37
No, 4
35
No. 5
No. 6
N« 7...
33
31
29
8
9
Ontario and Woodberry
USA Standard 23# in.
do
8 oz.
22
do
9 oz.
24
do
10 oz.
26
do
12 oz.
31
do
15 oz.
38 ;
Ontario Twls, 29in. 18
do
36in. 23
twls“Pslheni’s” 33
27
25
23
41
No. 2
No. 3
No.
No. 10
Caledonia
Glasgow.,,,
,
Light duck—
Bear (8 oz.) 29 in..
do heavy (9oz.)...
Mont.Ravens 29in.
do
40in.
not
-
9
do
huffs..
do
frock
do
h’r cord..
do
checks...
Oriental 1, D. fancy
do
robes....
do
purple...
do
ruby
No.
and
Mills.
18
21
20
29
.,
Checks.
the current
steady.
10
Cotton Sail Duck.
moving very freely, the demand being restricted to
requirements of the cloth jobbers. Clothiers are buy¬ Caledonia.No.7..
ing very few goods, and altogether the feeling on this class of Columbia, No. 70
Far.& Min. No. 5
goods is not one of buoyancy, though holders manifest a good Jas. Long, No.10
degree of steadiness in prices. Flannels are in good request and
are
firmly heldv with the stock well cleared up, but ample for the
Amoskeag
trade wants.
Blankets have been moderately active and rule Bates
wear are
Mallory pinks....
13
19
13
I Lewiston A
12#
j Park Mills,No.50
| Kennebeck
Nolan’s extra
Domestic
.
.
.
18
(Gloucester
13
do
|
York I
No.50
20
•
•
•
•
22#
17
Ginghams.
.
Lancaster
9% ; Namaske
Mills,No.18
do
No.20
...
11# I Glenox
11
11
I Union
1
...
....
.
10
| Shirley
11# I Union
10#
| Randalmon
It#
9#
13
[September 19,1874.
THE CHRONICLE
304
Financial
Financial.
Commercial Cards.
WALSTON II. BBOWN.
AUGUSTUS J. BKOWN.
Everett & Co.,
66 Stale
Duncan, Mathews & Co.,
Atig. J. Brown & Son,
BANKERS,
Street, Boston,
BANKERS,
Pine Sts., N. Y.
Cor. William Sc
AGENTS FOu
New York.
59 Liberty Street,
II E A 11 D
AUGUSTINE
Sc
CO.,
OF CHINA AND JAPAN.
.Advances made
consignments of approved mer
on
cliandize.
Fabbri &
Chauncey,
PROMPT COLLECTIONS MADE ON
Deposits received subject to check at sight, and in¬
terest allowed bn daily balances at the rate of four
per cent per annum.
Liberal advances made on
their correspondents in all the
principal porta of Cuba
specialty made of attending to the business
Banks, Bankers and Merchants out of the city.
A
TION OF
of
Henry S. King 6c Co.,
Robb & Peet,
AGENTS FOR
Sc
KENDALL
CO.,
VALPARAISO, CHILI,
CO.,
Sc
PREVOST
LIMA AND IQUIQUE,
Messrs. JNO. W.
PERU,
CATER, SONS Sc CO.,
LONDON, ENGLAND,
Consignments of approved mer¬
Advances made on
of
on commission.
are also prepared to
and Produce Exchanges.
We
execute orders at the Cotton
Winslow, Lanier & Co.,
BANKERS,
connected with the
Special attention to everything
purchase and shipment of
Nitrate
prepared to give
sold
Receive the accounts of interior
COMPANY.
&
PURE
PACKED
LARD
FOR
CLIMATES.
ALL,
PROVISION DEALERS AND MANUFACTURERS
OF LARD OIL AND STEARINE.
H.
Smith, Baker & Co.,
CORRESPONDENTS
Street.
Wi
Japan.
REPRESENTED BY
U J. Mouse,
Mtunber N. Y. Stock
66>f
JounEwkn, Jb„
COR LI ES,
New York.
Street.
Pine
John Dwight & Co.,
MANUFACTURERS OF
SUPER-CARBONATE
of
SODA
Ewen &
No. 62
No. 11 Old
Slip, New York.
Gold on commission
AND GOLD
54 Wall Street, New
York.
(P. O. BOX 2,847.)
Special attention paid to the negotiation of Com¬
W. O. SHELDON,
W. B. LKONABD,
GEO. R. HOWELL.
BANKERS,
STREET,
WALL
10
Jr.,
2% WALL
MANAGER OF THE BANKING DEPARTMENT
CORL1ES,
Canton, China.
Represented ey
cent per annum,
and Gas
Wright, Bliss & Fabyan,
Specialty for 18 Years.
NEW YORK.
BOSTON
100 Summer street
PHILADELPHIA.
341 Chestnut street
AGENTS
FOR
Pepperell Mfg. Co.,
Bates Mfg. Co.,
Androscoggin mills, Laconia Co.,
Continental Mills,
Franklin Co.,
Pitnam Mfg. Co.,
Otis Company,
Co., Cordis Mills,
Warren Cotton Mills, Thorndike Co.,
Columbian Mfg.
Renfrew Mfg. Co.,
Palmer Mills,
Rockport S. Mills,
Fyshe
Hosiery,
Lowell Hosiery Co.,
Troy Manufacturing CoM
QmlWTAt PRINT WORKS.
,
5c
31
STOCKS,
Stocks.
Comings,
Stock, Gold and Exchange
Y.
GOLD & EXCHANGE BOUGHT & SOLD
Negotiated.
STRICTLY ON COMMISSION.
All orders will receive prompt attention.
Titos Fyshe,
W. L. Comings,
Late one of the Agents of
Member of N. Y. Stock
he Bank of Brit. No. America. & Gold Exchanges.
Loans
Lawrence Brothers &
Co.
BANKERS,
16 Wall Street,
BUY AND
.
New York,
SELL, STRICTLY ON COMMISSION
STOCKS, BONDS AND GOLD,
INTEREST "oFDEPORTS
Storrs,
BANKERS,
16
STREET, NEW YORK.
WALL
Accounts received, and interest allowed on deposits
according to the nature of the accou t.
Special attention paid to Invest meat orders In Storks
and Bonds
Advances made un the same If desired.
ALBERT F. DAY”.
JOHN G. SIORRS,
Member of N. Y. Stoc^ Exchange.
Brokers,
WALL STREET, N.
Boston Duck Co.
Otis Company
Day &
(ESTABLISHED 1865.)
TWENTY
Stocks,
quotations of “ Local Securities” in this paper.
Broker, 78 Broadway.
GOLD and STOCKS bought and sold EXCLUSIVE¬
LY” on Commission, on TELEGRAPHIC or personal
orders. Commissions 1-16 of I per rent. MARGINS
TEN per cent on Gold and
on
Gold orders t xecuted in the Board in peroon.
OTIS,
PLACE,
City Railroad
John A. Macpherson,
China,
and sale of
subject to check at sight.
47 EXCHANGE
'
Wall St., New York.
CO.,
&
39 Nassau Street. New York.
See
71 & 73 Thomas street,)
V
and
117 & 119 Duane street,)
MACY
Collections made on all available points, with prompt
STREET.
Railroad and Investment Stocks and
Dealer In Gas,
Foochow A
OLYPHANT Sc Co., of
Macy,
(Formerly of the firm oi HOWES <ft MACY,)
CHARLES
MERCHANTS,
Hone Kong, Shanghai,
Charles A.
Governments, Gold, Stocks and Bonds.
Intere t allowed on deposits at the rate of four pea
STOCKS,
BROOKLYN
YORK*
NEW
returns, upon favorable terms.
Orders executed for the purchase
Bonds.
IN
OF
Broadway and 21 New Street,
& Co.,
Olyphant
104
McGowan,
&
FOREIGN EXCHANGE
No.
Tuttle,
N. T. Beers,
Trade ONLY Supplied
COMMISSION
Hilmers
William P. Tottlk,
Member Stock Exchange
Buy and sell Stocks, Bonds and
Interest allowed on deposits.
8ALERATUS,
.lonning
KING, HAMILTON Sc CO., Calcutta.
BANKERS AND BROKERS,
AND
Tne
KING, KING Sc CO., Bombay.
A. B. Lounbrkuy.
Exch. Lnte Cash. Devoe Mfg Co
Member Stock & Gold Exch.
.
and do a
General London and Foreign Banking Business.
BROADWAY & 19 NEW STREET
.
W
Receive Deposit
MERCHANTS
Yokohama and Hlogo,
E.
Exc> ange
Stock
all Points.
on
and Current Accounts on favorable terms,
—
New York.
COMMISSION
Execute Orders on the London
Make Collec'ions
Leonard, Sheldon &Co.,
BANKERS,—
■
Consignments of Merchandise.
mercial bills.
J. Morse & Co.,
NEW YORK.
ESTABLISHED 1841.
banks, bankers
CITY BANK, Threadneeaie
CREDITS for use against
BROKERS
corporations and Merchants,
Agents for the sale of City, Count y\ and Railroad
Bonds ; issue Letters of Credit for foreign travel.
LONDON
Grant COMMERCIAL
NEW YORK,
PINE STREET,
27
Soda.
JEWELL,HARRISON
bought and
free, of charge, available
parts of the world.
In all
•
STREET.
WALL
negotiated and Commercial Paper
Loans
LIVERPOOL, ENGLAND
chandise to the above houses.
Messrs. Prevost & Co., Iquique, are
MERCHANTS
The Agency and Correspondence of Private Firms
Banks, Corporations and individuals solicited and
interest allowed on bala ces.
Collections made and purchases and sale of Gold
Fxchmne. stocks, Bonds or Securities of any kind
carefully attended to.
CATER Sc CO.,
Messrs. JNO. W.
London, England.
45 Pall Mall,
Issue CIRCULAR NOTES
GENERAL COMMISSION
58
Messrs.
v
Cj
BANKERS
AND
Messrs.
SECURITIES.
RAILROAD
BANKERS
Street, New York,
AS South
SPECIAL ATTENTION GIVEN TO THE NEGOTIa
smpments consigned to
MERCHANTS,
(COMMISSION
ALL POINTS.
for Sale.
Gas Stocks
Harlem at 1
New
York
Dj».
Mutual at 82 1-2*
INSURANCE
STOCKS
BOUGHT
SAMUEL
AND
M.
AND
SCRIP,
SOLD.
SMITH,
No. 71 Wall Street.
J. Alden Gaylord,
MISCELLANEOUS
33 WAJjL
p, O. pox, 1272.
SECURITIES,
STREET.
New York.
Refers by permission to
W,
mcmhfkt &
CO.
@FedFRASER