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n
HUNT'S
MERCHANTS’
MAGAZINE,
gfursi paper,
ft
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
INTERESTS OF THE UNITED OTATES.
VOL. 29.
SATURDAY, SEPTEMBER 20, 1879.
CONTENTS.
of it in
THE CHRONICLE.
Speculative Movements
2S7 Latest Monetary and Commercial
iiicr-at>e in ihe Gr-wth of Wheat
English Mews
290
\
in the United States
288 Commercial
and
Miscellaneous
Secrecy in Corpoiate Management 289
News
292
Cotton ‘•Shedding”
289
THE
BANKERS
Bonev
GAZETTE.
New York Local Securities
Railway Stocks, Foreign Ex
charge. N. Y. City Banks, etc..
Quotations of Stocks and Bonds..
294
297 |
213
Investments, and State, City and
Corporation Finances
299
THE COMMERCIAL TIMES
Commercial Epitome
3^4
Cotton
Breadstuff s.„
301
3n8
Dry Goods
309
Im-.-orts, Export* and Receipts,.. 310
Prices Current
311
The Commercial
Financial Chronicle is issued on Satur¬
news up to
midnight of Friday.
and
day morning, with the latest
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1839
io
Chronicle—
lt>7l, inquire
The
general exhilaration pervading all classes
and
markets after the
long depression we have passed through,
is a very natural reaction.
In many cases
prices had
been unduly depressed,
in
and
others, changed circum¬
given old properties a new value. The latter
of these conditions
applies to very many of our railroad
stocks and bonds, and the former
to our commercial
stances had
markets.
To
the
a
considerable extent
speculation
on
our
therefore, what is called
Stock Exchange is
legiti¬
new
catch
street, is
the train that is under such
there not a chance of our
on
headway in Wall
getting under the
wheels ?
Commercial matters, also,
strides that
making such rapid
are
hut fear lest we
may overreach
ourselves a little in our haste to
get rich.
The iron
trade we drew attention to two weeks
since.
Prices
have gone up about one hundred
per cent, and are still
rising. This we<jk the spirit of the times has got
possession
one cannot
of the breadstuffs
market, and has pushed
up
everywhere without any apparent basis for
quotations
advance.
2 red winter wheat reached $1
19,
against $1 07 the same time last year; No. 1 white was
$1 22, against $1 12 last
year, and No. 2 spring was
$1 12, against $1 06 last
year; and yet the
On
an
Thursday No.
leading facts
respecting the prospective supply and demand are
much the same now as
they were at this time a year
ago.
SPECULA TIVE MO YEMEN TS.
stock
(that is six shares for every hundred
shares), provided he also pays for and takes at par two
hundred dollars of the
company’s new bonds. In other
words, the buyer paid
per cent for the privilege of
getting 6 per cent of a new stock, which carries with it
the necessity of
paying two per cent additional in cash
for the
company’s new bonds, neither of which new
securities, to say the least, has any market value as yet
Some persons appear to think that
anything is worth the.
money if it only sells at a very low price.
In our haste
to
3£be <£hr Guide.
NO. 713.
To be
sure,
the
wants
of
foreign countries
promise to exceed all precedent, but so does our
surplus
for export. The truth
is, the American crop of bo:h
spring and winter wheat is larger and of better
quality
than in 1878; the
present visible supply is larger and
has rapidly increased since the first
of September; and
the advance has, for the time at
least, materially checked
the export movement. These facts
for the moment, and
are
all lost
nothing is heard of
deficiency in the
statements
The
and
west of
estimates
Europe, with
most
sight of
but the
alarming
flying over by cable daily.
however, shut his eyes to the
prudent man cannot,
couni
ry’s true conditions, nor forget that legitimate influences will
wants in 1873 have now become
the possessors of a
large in the end assert themselves. Our low prices give us the
and increasing business.
They can to-day earn and pay command of the markets of the world;
higher prices
charges and dividends, where barely running expenses with such a surplus on hand
may change the situation to
were secured after the
panic. In the general speculative our disadvantage.
movement, however, it is surprising to see how lit¬
The improvement this week in the
petroleum trade
tle
discrimination
the
buying public frequently is also of interest in this connection. There are various
shows. For instance, we observed on
Tuesday of this causes to which the better slate of affairs has b en attrib¬
week that the stock of one road which
is now in process uted, but those more
generally accepted, poiut to the
of reorganization sold at
8f cents. The value of the withdrawal by refiners of their stocks from the
market.
stock consists in the fact that the new
organization pro¬ Tnis, it is sa d, created a nervousness among the “short”
poses t*> give the bolder the right to have six
per cen* interest, particularly among exporters; and the stimulus
mate.
Railroads that
were
in advance of the
288
THE
CHRONICLE.
[Vol. XXIX.
thus
imparted found a response in the cable advices from of our Produce Exchange. For more than
twenty years
.Europe; the Antwerp market was advanced f franc; Bre¬ No. 2 spring was the leading
grade of wheat offered on our
men showed a rise of 25
marks, and London reported £d. market. For two or three seasons,
including the present*
higher and was marked by a feeling of extreme strength. it has held a second and even a third
position—No.
Notice of liberal orders came to hand, and on Wednes¬ 2 red winter
holding the first and No. 1 white the second.
day refiners experienced but little difficulty in advancing Furthermore, this enlarged winter-wheat culture is also
the price of their produet to 7c.
per gallon, whereas 6£c. seen in the fact that the
comparatively poor crop of
was the current figure of a week
ago; since then the spring wheat last year did not prevent a decided increase
excitement has subsided and a feeling of indifference has in wheat
exports at low prices. The question arises,
again set in. The real facts are that the exports up to therefore, why is there such revival in the
growth of
this period are fully one million barrels more than at the winter wheat
east of the
Mississippi ? We think it must
game time in 1878, but the
production has been equally be accounted for on the supposition that lands exhausted
on the increase.
For instance, in January the
average by over-cropping, or other improper culture, have, after
daily flow at the wells was 43,500 bbls.; this has been lying idle for years, or devoted to other
crops, recovered
increased until the average thus far for this month is their
wheat-growing qualities. Their owners may remem¬
fully 60,000 bbls. per diem. Then again, at the last ber the lesson of the past and not again
over-tax them,
compilation of stocks (August 29), in the six principal but in large sections this is hardly
probable and their
'Continental ports it was shown that the total
supply second exhaustion may not be far distant.
was 1,367,071 bbls., against 1,221,436 bbls. at the same
Under these circumstances, the extension of
the
period in 1878. These facts would, under ordinary growth of spring wheat in the Northwest becomes a
circumstances, be considered unfavorable to a further matter of grave importance, and it is
satisfactory to
improvement in values.
know that it is being pushed with the
greatest rapidity
Is not the conclusion to be drawn from all this that
along the lines of the lateral roads of the Chicago &
we may go too fast ?
The tendency of too high prices Northwestern and the Milwaukee & St. Paul
railroads,
is to decrease exports and increase
imports. Many think and along the Northern Pacific Railroad. The valley of
that with the great mass of currency
outstanding in this the Red River of the North is undoubtedly one of the
country—over 1,000 millions—we cannot expect any finest wheat-growing regions of the
world, and it
other conclusion than a quick, short
race, with the promises, at no distant day, to add
vastly to our surplus
inevitable result at the end.
'
for export.
A feature of the present
INCREASE IN THE
GROWTH OF WHEAT IN
THE UNITED STATES.
The increase in the
growth of wheat within the limits
States, during the past three or four
;years, was not less important to us than fortunate for
the populations of the west of Europe.
But for such
increase, and the surplus which we have in consequence
been able to spare at low values, famine would have
threatened millions of people, with its direct results,
•not only in physical suffering,
but in its disturbing
effect upon government and social order.
It is not many years since the exports of wheat and
: flour from the Atlantic
ports, to the extent of half or
three-fourths of a million bushels per week, were
regarded as a most satisfactory movement, and when
they swelled to a million bushels it was looked upon as
something extraordinary. And yet, for the year ending
the first of September, 1878, the exports exceeded one
hundred million bushels, or nearly two million bushels
per week; and for the year just closed the exports were
-a hundred aud forty million bushels, or but little less
than three million bushels per week. These figures
include, of course, the exports of flour reduced to wheat,
-of the United
•
’
time is that this culture is
being developed under entirely new auspices, that is, under
a new system.
It is no longer left to the small farmer
taking up 160 acres of land, building a log cabin and
struggling to secure himself a home. Organized capital
is being employed in the work, with all the
advantages
which organization implies.
Companies and partner¬
ships are formed for the cultivation precisely as they are
for
building railroads, manufactories, &c., and
of the wheat fields of the Northwest
are
some
miles in extent.
The
following figures were prepared for the prospectus
partnership of this kind, to cultivate three square
miles, or l,fi20 acres. We give them simply to illustrate
how this business is being carried on, and what induce¬
ments there are to enter
upon it. Of course the first year
is one of outlay alone, no credit; it
requires four years to
of
a
show the real result reached.
:
but do not include the Pacific Coast.
It may not be generally known that this iucrease in
the growth of wheat is due not alone to the extension of
the regions devoted to its culture, but also and
very
.
largely to the revival of fertility in old wheat-growing
districts. ' The progress of emigration has been to the
West and Southwest, as well as to the Northwest, and
in all these sections the culture of
of winter wheat is seen in the modification in the business
CURRENT
IN
1,920
CULTIVATING
ACRES
OF WHEAT
FOUR
YEARS.
FIRST TEAR.
SECOND YEAR.
Dr.
1,280
30
15
10
10
Dr.
1 and, $5 p. acre.
horses, $100 each
sets harness, $20 each.
plows, $25 each
harrows, $L5 each.
hands, 6 mos.,$20 p.mo.
acres
10
Board of haucls.
Board of horses
1 mower
2 wagons
1 spring wagon and harness
Houses and sheds
Extra horses, tools, &c
Foreman
Total...
$6,400
3,000
300
250
150
1,200
520
1,560
75
150
150
1,500
500
300
1,280 acres of land broken up and
ready for seeding the following
spring.
$1,500
640 acres more land
15 hands 6 months.
Board of hands
Board of horses
Extra
help
3,200
1,800
7
780
1,000
.'
300
10 harvesters and binders.
10 seeders
5 plows......
2,500
500
50
Repairs
150
Foreman;
Steam thresher
300
.
1,500
Total...
$13,580
Cr.
1,280
acres wheat, 15 bush.
to acre, 80c. per bneh—$15,360
And
640
acres
additional
land
ready for seeding.
THIRD
TEAR.
FOURTH TEAR,
Dr.
Seed wheat
Hands and their board
Extra help
8 additional wagons
6 additional harvesters
10 additional seeders
Foreman
Repairs
Seed wheat
$16,055
Cr.
wheat has been
actively prosecuted. But in neither instance has ,the
result been so extraordinary as the revival of the
growth
of winter wheat east of the Mississippi, in the States of
Michigan, Ohio, Indiana, in the Ohio Yalley, the
Virginias, &c.; and nowhere west of the Mississippi
is there such an increase of yield as in the
comparatively
old State of Missouri. The effect of this
enlarged growth
ACCOUNT
$2,500
....
....
'
2,800
1,000
600
1,500
500
300
200
Taxes
Dr.
Seed wheat
Hands and board
Extra help
Foreman
Taxes
$2,500
2,800
1,000
300
bOO
Repairs
500
Total
$7,600
200
Interest, 3 years at 7 p. ct..
Total
Cr.
*
2,500
$12,100
1,920 acres wheat, 15 bush,
per aore, 80c. per bush...$23,040
Cr.
Wheat raised..............
.$23,040
September 20,
THE
1879.J
CHRONICLE.
289
A
recapitulation of the four years’ results may be legal pleadings as “ information and belief ” or
upoxr
stated as follows:
mere hearsay and
general impression.
Expenses.
Proceeds.
Clearly
nobody except the managers can profit by
First year
$16,055
$
Second year
13,580
15,360 this
concealment.
They can declare dividends or
Third year
12,100
23,040
Fourth year
7,600
23,040 reduce them or pass them; can make leases and guaran¬
Total
$49,335
$51,440 tees or repudiate them;
can start rumors or deny
This shows a profit of nearly two thousand
dollars, them; they can know the facts in advance, because they
make the facts.
besides the land and equipments, which may be
Perhaps they do not speculate in the
safely
road’s
securities.
In the absence of proof we do not
valued at forty thousand dollars.
We do not, of
assert it in any case; but
if, with everything in their
course, adopt these estimates, though on their face
they appear in the main. reasonable. We give favor, they do not do so it is a marvel indeed. Auto¬
them simply to show that the culture of wheat cratic secrecy tends to make them speculators and
is
to
be pushed under
such circumstances, in thus to put out of sight what ought to be first—
such
varieties oi climate, soil and conditions, and the welfare of the property "itself.
On the other
with such advantages from organization and
hand,
consciousness
of
direct
and
frequent accounta¬
capital,
that a serious deficiency in the crop, such as has bility is itself conservative; the man who is thinking
compelled us twice within fifty years to import wheat about the account he must make soon “ goes slow,”
our
commercial experience has shown in
from Europe, may be accepted as effectively guarded whereas
against. Of course, the estimates, both of cost and a thousand instances that the man who is practically left
proceeds, are only claimed to be approximate and may unchecked in charge of a trust is apt to take risks and
be greatly modified by experience, but this does not get into trouble.
It seems like demonstrating the moral
alter the fact that they are the basis of
law, to be
operations to a
urging this; and we have often urged it before,large extent and promise the most important results.
Doubtless, everybody who read it admitted it fully ;
everybody knew it^before, and even railroad managers
SECRECY IN
CORPORATE MANAGEMENT.
would never deny it although
they ignore it. Of course,
Last week we gave our usual monthly schedule of the
thing chiefly needed is a detailed and uniform sys¬
railroad earnings, including every fact we were able to
tem of accounts.
Receipts and working expenses
gather by dint of all the perseverance and persuasiveness should be
reported monthly. Accounts must be de¬
in our power.
It was fragmentary and without uniform¬ tailed, not “ lumped,” and items must not be concealed
ity, as it always is. About twenty roads, only one or two in unseparated totals. They must be uniform from
of them among the largest, furnish promptly a
monthly year to year, or comparison is impossible. But
statement; some of the principal lines communicate there is no use to hammer at the
subject with any hope
nothing, while those trunk lines that do report give gen¬ of voluntary action by the
companies. Rightly or notr
erally little more than gross earnings up to varying recent each manager fails to see
any advantage in publicity^
dates.
It may be that this desultory and
piecemeal and would regard any exceptional advance in it on bis
information is at times misleading rather than
helpful; part as an exposure to his competitors; he will not show
it is certainly very provoking, especially now that
the “ cards” he holds while others conceal
theirs, and so
reviving business and new leases and combinations make the evil will never
remedy itself. Law must reach it, if
a reasonable
knowledge of the revenue of the roads par¬ it is ever reached; and the example set
by one or two'
ticularly desirable.
leading States would probably be quickly followed.
We have often called attention to this subject, and
do What is the pending railroad investigation likely to be
it again now not because we have anything new to
say, good for, after all its stirring up of troubled
waters, if
but with the hope that, while increased interest is
it
cannot
lead
to
so
as
being
much
this ? Bear in mind that
felt in railroad management and railroad
this
reform
would
break
responsibility
up the rule of autocratic secrecy
to the public, this feature or defect in
management will and establish a precedent, so that the other steps would4
receive the attention it deserves. As the
practice now be easy. This is really the great vice—the vice
pro¬
is, whatever information is furnished is yielded as a con¬ ductive of other vices—in our
corporate management^,
cession rather than rendered up as a right. Even if the
and it is the one upon which all the
pressure for reforms
•
;
directors of each road
were
the exclusive owners, there
would still be a
railroads to the
right existing, based upon the relations of
public, to know regularly and promptly
all that is now made known
irregularly and out of date;
this, because railroads are so intimately connected with
all other interests that
when
we
secure
their compara¬
tive
earnings, we gain a general insight into business
progress. We are all of us, in a figurative and limited
sense, partners with the railroads, having contributed to
the common stock certain capital of
concessions, at the
outset, and acquiring in return some rights of participa¬
tion and control. That these rights have been practi¬
cally not enforced, and that they are neither recognized
by the roads nor generally insisted upon by the public,
neither waives
nor
diminishes them.
very right to know what is going on.
be true if stocks and bonds were
One of them is this
may
wisely be concentrated.
COTTON “SHEDDING.”
Every
year, in August
receive numberless reports
and early in September, wo
of the destruction of cotton
crops by shedding.
One correspondent writes last week
that the ground is literally covered with
half-ripe bolls
and squares; another, that he expected a bale to an acre
last month, but now it looks as if he would not
gather a
bale to four acres; another is sure, for the same
reason,,
he will not secure enough to pay the advances of hia
grocer. We see also that the Agricultural Department
attributes
“
much of
its decline in
shedding of bolls,” and
September.
so
condition
it does
on
to
the
every 1st
of
While we would not underestimate the ill effects of
This, we say, would
solely owned by direc¬ drought or any other adverse influence upon a poorlytors; but how much truer is it when the general public are rooted plant, in making it drop its fruit, it is
scarcely
asked to own and do own these
largely. They acquire or wise to be much scared by these annually-recurring com]
part with this ownership now upon what is known in * plaints, if it is known that the
crop secured a good tap
290
THE
root in the start.
As
CHRONICLE.
[Vol. xxix.
have often said
we
before, every per cent is now about the rate charged. In a few weeks, the
healthy full-bearing tree or plant always sheds much of autumnal demand for money will have commenced, and,
its fruit; it could not ripen all, so it
although there is no reason for believing in any unusual pres¬
drops a large part sure,
it is expected that the requirements of merchants will be
to
the benefit of what is left.
For instance, our
sufficiently large to ensure a steady market. This week’s Bank
correspondent at Oakley, Arkansas, writes us this week return shows that the Bank of
England has been
making complaint, among other things, of this same large discount business, there being an increase of transacting a
nearly <£630,“shedding of squares and bolls,” but encloses a scrap 009 in “ other securities.” It would be important to know if
cut from the local paper which will illustrate our mean¬ this increase is due to loans or to discounts;
but,.unfortunately,
the Bank of England affords no information on this
ing in what we have said above.
point, and
it is a matter much to be
regretted, more especially as the
Jarrette, one of the best young farmers in this
country
would
be
glad to be able to trace the improvement in
country, brought to town last Saturday a stalk of cotton of the
prolific variety, which had on it 164 bolls, and 137 blooms and the money market, such as it is, to a demand for accommoda¬
squares, making in all 301 forms. We wouldn’t be surprised if tion for
strictly commercial purposes.
Unfortunately, the
Scrap brings in the first bale of cotton again this fall.
increased value of money which has been established in
the
Who believes that plant will raise a full
pound of cot¬
outside” market seems to be
entirely due to the bad weather,
ton, and yet it has on it enough bolls and squares for the large purchases of grain, and to a little
activity in the gold
such a yield.
It must inevitably drop the larger portion market, caused principally by the tightness of money in New
York. The progress of trade is slow.
of its fruit, so as to be able to mature the remainder.
Very little business is done
which can be regarded as in any way
speculative, and, in many
In this connection, we would remind our readers that
cases, export transactions have only been concluded on the
it takes a smaller number of bolls to each
stalk, to raise basis of low and unremunerative prices.
Wages —in consequence
a
good crop of cotton, than many imagine. Suppose the of the low rates at which manufacturers are
compelled to sell
plants in a field were regularly started, with one plant their goods—continue to fall, and the reduction, compared with
to each three square feet; as there are
43,560 square the period when wages were high, now amounts to as much as
30 per cent in many cases.
feet in one acre, there would be
At the present time there is no
14,520 plants to the
hope
of
but
food
improvement;
remains cheap, so that the
acre, and if there were only nine bolls to the plant,
hardships
of
the
operative classes are mitigated considerably.
even in
that case the total bolls would reach
130,680,
Apart from the increase in “other securities,” the Bank
which, divided by 300 (the number usually required for statement does not exhibit changes of
any importance. The
one pound),
gives 435 pounds, or about a bale to the note circulation has increased, owing partly, no doubt, to the
acre.
No one, therefore, need be much alarmed
by the requirements of tourists, the holiday season being now at its
shedding of the cotton plant, if well rooted in the height. The falling off in the supply of bullion is less than had
been
spring, for in that case it will generally retain all the to expected, and the reduction in the total reserve amounts
£603,946. The proportion of reserve to liabilities is now
fruit it can ripen, and that will be
enough to make a 58T8 per cent, against 58*78 per cent last week.
good crop.
As stated above, money has been easier
during the last few
days, and the rates of discount are now as follows:
Mr. W. S.
“
•
,
ptowetaralOTommcrciaX gngUsli f|ems
EATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
September 5.
On—
Time.
EXCHANGE ON LONDON.
Latest
Rate.
Date.
Time.
Rate.
Per cent.
2
Bank rate
Open-market rates—
30 and 60 days’ bills
Short.
3mos.
Antwerp....
Paris
Paris
if
3
mos.
a
20-62
20-62
20-62
...
Berlin
a
Frankfort...
«<
St.Petersb’rg
a
18-47
11-95
@20*66
@20-66
Bombay
Calcutta
....
•
•
30 days
it
....
Hong Kong
la. 8d.
Is. 8d.
.
Shanghai....
"
**
"
1210
4
4
Short.
ii
Sept.
4 Short.
25-39
25-34%
*
20-49
.
Sept.
2
3
mos.
25%
Sept.
Sept.
4
2
3
mos.
118-00
47-45
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
4 3mo8.
4 Short.
4 6 mos.
ft
4
a
2
tt
2
if
The rates of interest allowed by the
joint-stock banks and
discount houses for deposits are as follows :
%
%
%
with 7 and 14 days’ notice of withdrawal
Annexed, is
statement
showing the present positioa of the
England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers’ Clearing House
Return, compared with the
a
28-25
4-82
Is. 8d.
Is. 8d.
3s. 83sd.
5s. Id.
three previous years:
Circulation, including
bank post
bills
Public deposits
Other deposits
Governm’t securities.
Other securities
Res’ve of notes & coin
Coin and bullion in
1878.
29.248,569
4,613,236
30,671,722
27,596.965
3,430,435
20,968,504
13,446,540
19,242,452
15,530,087
17,612,317
20,701,564
departments.. 34,658,084
Proportion of reserve
liabilities
Bank rate
correspondent.]
1879.
£
both
Eng. wheat,
av. prioe.
Mid. Upland cotton...
1877.
£
£
1876.
£
28,585,693
10,301,037
23,620.813
4,315,08 4
5,974,133
22,716,3 4 28,«>03,701
14,374,508 15,260,463
19,601,321 16,401,132
11,722,513 20,887,251
22,610,272
24,882,148
58*18
2 p. c.
Consols
our own
Per cent.
Joint-stock banks
Discount houses at call
to
|From
1%
Bank of
....
@18-50
<«
Vienna
@12.00
a
Madrid
463e@4658
ft
Cadiz
46%@46%
Lisbon
90 days
5178@5218
Genoa
3 mos. 28*70 @28-75
New York...
-
4 Short.
@20-66
243^24%
Copenhagen
-
Sept.
25-52%@25'57% Sept.
25-31%@25-41% Sept.
25-47%@25"52%'
Short.
Hamburg
12-2% @12-3%
12-4% @12-4%
Per cent.
4 months’ bank bills
l^®!^
6 months’ bank bills
4 & 6 months’ trade bills. 2
@2%
3 months’ bills
do
Amsterdam.
Amsterdam.
Open-market rates—
97%
48s. Id.
6%d.
9%d.
41-61
5 p. c.
94^8
45s. 8d.
6d.
lOd.
'
42*69
3 p. c.
95%
62s. 5d.
31,167,242
60 97
2 p. c.
955s
45s. lid.
London, Saturday, September 6, 1879.
5i5i0d.
O^d.
No. 40 mule twist
10%d.
10%d..
during the last ten days has been bright and Clearing-Houseretuml02,809,000 119,123,000116,391.000
105,149.000
There was a fair demand for gold for
dry, but the temperature at night is quite autumnal, and in
exportation in the early
lome localities the thermometer, when
placed on the grass, has part of the week, but it has since subsided, and a few parcels
fallen to freezing point. A large
quantity of wheat has been have been sent into the Bank from Paris. The silver market
The weather
cut, and, should the weather continue fine, a considerable pro¬
portion will soon be stacked. The crop is, of course, a very
small one, but the quality is better than had been
expected.
has been weaker, and the value of fine bars does not exceed
51
%&.
Mexican dollars have declined to 50}£d. per
were disposed of on Wednes¬
The somewhat improved prospect and the
tendency for wheat day at Is. 7%d. the rupee. The following prices of bullion are
to decline in price have had their influence on the
money mar¬ from Messrs. Pixley & Abell’s circular:
GOLD
s.
ket, which, during the last few days, has been decidedly easier. Bar
d.
s.
d.
gold, fine
per oz. standard.
77 9.9
The demand for gold for exportation has not
Bar
per oz. standard.
gold, reflnable
77 10%@
only subsided, but Spanish
doubloons
73 9
@
per oz.
the Continental exchanges are more in our
'
favor, and gold is South American doubloons
73
per oz.
8% a>
United States gold coin
76 3% a 76 “6
per oz.
being daily received from Paris. The supply of mercantile German
gold coin
76 3 % @
per oz.
bills in the market is very limited, and
SILVER.
d.
capitalists have shown a Bar
d,""
silver, fine
per oz. standard. 5138
renewed disposition to lend
@
freely on good security. It is not Bar silver, contain’g 5 grs. gold
per oz. standard. 51%
@
expected that we shall again see rates of discount so easy as %. Cake silver
@
per oz. 55?i
Mexican dollars
@
peroz. 5o%
and % per cent, but some
relapse has already taken place from Chilian dollars
id
per oz. 59
the quotation of 1% to 1%
Quicksilver, £Q 5s. Od.
Discount, 3 per cent.
per cent—at which choice threeSubjoined are the current rates of discount at the principal
months’ bills were taken in the
early part of the week, and 1*4 foreign centres:
ounce.
per ounce.
The India Council drafts
September 20,
Paris
...
Brussels
Amsterdam..
Berlin
...
—
...
Genoa
Geneva
...
...
...
Bank
rate.
Pr. ct.
Pr. ct.
1 ®8@ 1
2*4@2*2
3*4@3*2
4
4
4
4
4
3
...
...
Frankfort
Open
market.
2*2
3*2
...
Hamburg
Leipzig
Bank
rate.
Pr. ct.
• 2
...
THE CHRONICLE.
187S.”|
St. Petersburg..
Vienna & Trieste
Madrid, Cadiz &
238@2E>8
Lisbon &
238@258
2*2@23i
3 @3*2
Calcutta
Open
market.
Pr. ct.
6
Barcelona
2*4 @2*2
Oporto.
IllinoiB & St. Louis
4*2
4*4@4*a
4
4
5
@5
@6
4
4
@4*2
5
@6
@4*2
New York
3
Sept. 6.
1900
1903
1895
1905
1891
On the Stock
Exchange, business has been very quiet, and
Central Railway consolidated mort., 6s
1904
restricted, owing, in a great measure, to the absence of
many Panama general mortgage, 7s
1897
of the leading dealers. The fine weather
Paris & Decatur
and easy money
1892
Pennsylvania
general
mortgage, 6s
1910
market have, however, caused the tone to be
Do
consolidated sinking fund mort. 6s
good, and the
1905
Perkiom. eon. M., June, 1873,
guar, by Phil., &c., 6s. 1913
majority of changes have been favorable. There has been con¬
Do
x 3 ys. rnd.
cps. Dec. ’77 to Jn. ’80, both iu
siderable movement in Erie shares
Do
scrip issued for funded coup., ’77 to ’80
during the last few days, in
Philadelphia & Erie 1st mort., 6s, guar, by Penn. RR.1881
consequence of the buoyancy of the New York market.
Do
6s, with option to be paid in Phil
Do
The following are the closing prices of consols and
gen. mort., 6s, guar.by Peim. RR.1920
the prin¬ Philadelphia &
Reading gen. consol, mort., 6s
1911
cipal American securities:
Do
improvement mortgage, 68
1897
Redm.
Consols
United States 6s
Do
funded 5s
Do
funded, 4*2S
1881
1881
.1891
1907
Do
funded, 4s
Louisiana Old, 6s
Do
New, 6s
Do
Levee, 8s
Do
Do
do
do
Massachusetts 5s
Do
1888
1894
.....1900
1889
1891
1895
5s
Do
5s
Do
Do
Do
5s
5s
5s
Virginia stock 58
Do
Do
.
6s
New funded 6s
1905
Southern, 1st mortgage
1903
Albany & Susquehanna
eons, 1st mort. 7s, Nos. 501
inclusive, guar, by Del. & Hudson Canal.. 1906
Attant.c & Great Western 1st mort.,
$1,000, 7s
1902
to 1,500
Do
Do
Do
Do
Do
2d mort.,
3d mort.,
$1,000,
7s.
1902
$1,000
1902
1 st mort. Trustees’ certificates
2d
do
do
3d
do
do
Atlantic Mississippi & Ohio, con. mort., 7s
1905
Do
Committee of Bondholders’ ctfs
Baltimore & Potomac (Main Line) 1st mort, 6s
1911
Do
(Tunnel) 1st mort., 6s, (guar, by
Pennsylvania & No. Cent. Railways)
1911
Burl. Cedar Rap. & No. RR. of Iowa 1st mort.
Canada Southern 1st mort. new issue,
guaranteed for
20 years from 1878 by N. Y.
Central, 3s
1908
Central of New Jersey $100 shares
Do
Cons, mort., 7s, with Oct,’79
cp.1899
Do
Do
Adjustment bonds, 7s
1903
Income bonds, 7s
....1908
Central Pacific of Cal., 1st mortgage, 6s
1896
Do
Cal. & Oregon div., 1st
M.,gold bonds, 68.1892
Do
Land grant bonds, 6s
1890
Chicago Bur. & Quincy, sinking fund bonds, 5s
Chic.St.L.&N.O., 2d M. $10,000 red.anu. by
6S.1907
Delaware & Hudson Canal mortgage bonds, Ill.C.,
7s
Detroit Grand Haven & Milw.
equipment bonds, 6s. 1918
Do,
do Cons. M., 5 p.c. till ’84, after 6.1918
Erie $100 shares
Do Recons. Trustees’assessment $6
paid
Do
Do
Do
Do
do
107*2@108*2
104%@105*4
$4 paid
Preferen ce shares, 7s
Recons. Trustees assessment, $3 paid
109
105
107
108
25
27
60
@
@
@
52
52
@107
@109
@110
@
@
@
30
30
61
Do
Do
1st mort., 6s
3880
sinking fund mort., 6s
1905
Philadelphia & Reading, $50 shares
Pittsburg Ft. Wayne & Chic, equip, bonds, 8s (guar.
by Pennsylvania RR. Co.)
con.
Union Pacific Land Grant 1st
mort., 7s
Union Pacific Railway, $100 shares
Do
1st mort., 6s
1889
:
1898
STERLING BONDS AND SHARES.
Alabama Gt. South. Lim. A 6 per cent
pref
Do
Allegheny Valley,
guar,
Atlantic & Gt. West.
B ordinary
by Penn. RR. Co
Mort. Bischotf certs., 7s
reorganization, 7s
leased lines rental trust, 1872, 7s
do
1873,7s
Western Extension, 8s
do
7s, (guar, by Erie RR.).
Baltimore & Ohio 6s
con.
Do
Do
Do
Do
Do
1910
1892
1874
1902
1903
1876
....
1895
1902
1910
1927
■
1909
Chicago & Alton sterling consol, mort., 6s
1903
Chicago & Pa lucah 1st mort. gold bonds, 7s
1902
Oleve. Columbus Cinn. & Indianap. consol, mort
1914
Eastern Railway of Massachusetts, 6s
....1906
Erie convertible bonds, 63
1875
Do. 1st consol, mort., 7s
1920
Do. ex-Reoons. Trustees’ ceilific’s of 6
coups., 78
Do
6s
Do
6s
Do
5s, 1877
Cairo & Vincennes, 78
..
.
Plymouth (New Zealand) Harbor Board
@116
@104
@
93
114
@107
@103
@113
@114
@ 97
@116
@ 94
@116
115
@117
....
65
....
103
103
102
105
93
@....
@ 70
@....
@105
@105
@104
@107
95
@
71*2® 72*2
80
103
97
60
117
111
112
are
for sale £200,000 in debentures to bearer.
Since the middle of last week there have been
@ 85
@105
@ 99
@ 65
@119
@113
@114
offering
numerous
inquiries for steam tonnage to load iron from several ports of
Great Britain for the United States. The
freight offered is
low; but it is calculated that o wners will be disposed to enter
upon business on fhe terms offered, in preference to
sending
ballast, which many of them have been
obliged to do for the past two months. The position of the
enormous
fleet of large cargo boats
111 @113
belonging to Great Britain
@
at this moment is quite unprecedented in the
history of iron
@
steam shipping. In ordinary times, in the view of an unfavorable
@
r
34 @36
harvest at home, there used to be a large
12*2@ 13*2
speculative demand
5*2®
6*2 for corn, and freights for iron steamers
jumped
up at a bound.
52 @ 54
This year it is just the
52
@ 54
very reverse. Business has been and
103 @105
remains miserably flat in Cronstadt and the Baltic
ports, in the
102 @104
Black Sea, the Danube, and at Alexandria.
Freights from the
85 @90
United States made an advance about a month
ago; boats, how¬
85 @ 90
ever,
the
Atlantic
to
take
rapidly
crossed
52
up the business which
@ 54
was
101 @103
offering.
The market soon became overstocked on the
105 @107
other side, and sales have been
74 @ 76
weakening over the last fort¬
112*2@113*2 night. The shipments of corn from the United States
have
103 @105
94
107
101
55
110
103
85
29
27
@
96
@109
@ 103
@ 60
@112
@105
@ 87
@
@
@
@
31
27*2
52 @ 54
do
$2 paid
51
@53
Galveston & Harrisburg, 1 st
mortgage, 6s
191T
96 @ 98
Illinois Central $100 shares
89*2@ 90*2
Do
Bonds, 1st mort., (is, Chic. &Spriugf. 1898 109' @111
Lehigh Valley, consolidated mortgage, 6s
1923 108 @110
Marietta & Cincinnati Rail. guar. 1st
mort., 7s
1891
@
Missouri Kan. & Tex. 1st mort. guar,
gold bonds, 7s.. 1904
75 @ 77
New York Central & Hudson River mort.
bonds, 7s
126 @128
Do
$100 shares
121 @123
New York Lake Erie & Western 1st. cons. mort.
fund.
coupon bonds, 7s
1920 113 @115
Do
2d con. mort. fund.
coup, bonds, 5 per
ct. till June 1,’83, and 6
p. ct.after... 1969
74*2@ 75*2
Do
2d con. mort. bonds, 68.
1969
76 @ 77
Oregon <fc California 1st mort. bonds, 7s
1890
@
Do
Frankfort Committee reepts., x
coup
37 @ 39
Pennsylvania, $50 shares
The New
@111
'@111
@107
42
@105
their boats out in
AMERICAN DOLLAR BONDS AND SHARES.
Alabama Great
106*2@107*2
105*4@105%
42
42
105
109
91
@
107*2@108*3
gen. mort. ’74 ex def. cps., 6s
scrip for the 6 deferred *2 coups
Pitts. <fe Connells, con. mort.,
6s, guar, by B. &O. Co..
South & North Alabama bonds, 6s
Tunnel Railroad of St. Louis, $100 shares
Union Pacific Railway, 8s, Omaha
Bridge
1896
United New Jersey Railway & Canal, 6s
1894
Do
do
do
6s
1901
Sept. 6.
9758® 97
@
1875
@
40
103
114
102
@
Do
Do
@
8s
6s
89
mort., 7s
Lehigh Valley consol, mort., “A,” 6s
105
Louisville & Nashville, 6s
:
1902 101
Memphis & Ohio 1st mort., 7s
1901
111
Milwaukee & St. Paul 1st mort., 7s
1902 112
N. Y. & Can.
Railway, 6s,(guar. byDel.& Hud. Canal)1904
95
N. Y. Central & Hudson River mort.
bonds, 6s
1903 114
Northern
6
Copenhagen
Redm,
Bridge 1st mort., 7s
Do
2d mort., 7s
Illinois Central sinking fund, 5s
Do
6s
Do
5s
Illinois Missouri & Texas 1st
534
5
291
been
a
little checked
lately on account of difference in the
exchanges; but they are very large. Last year the principal
continental port taking American grain and produce was
Havre;
this year it is Antwerp. The
Tyne and West Hartlepool are
coming forward as ports of delivery for American produce; but
there are great difficulties
lying in the way of importation of
American cattle into the northeastern
ports, through the obli¬
gation, which is binding upon the shippers, that the beast must
be killed at the port of delivery. The bad distribution of
cargo
steamers and the comparatively low rate of
freights which rule
are
to
some
extent due to the recent unremunerative and
what
some¬
stagnant state of the Indian freight markets. Many
boats built for this trade have been
put into the American com
business. Steamers also which are
usually employed carrying
corn from the Black
Sea, from the same cause a bad home
business—after discharging cargoes of coals in the Mediterra¬
nean ports, have crossed
the Atlantic in ballast and have
42*2@ 43*2
sought employment in New York and other ports. Daring the
102 @104
110 @112
past two years, in consequence of the low prices at which first18*2@ 19*2
class iron steam tonnage has been offered
by the builders,
109 @111
steamers
of 2,000 tons and upwards have been
115
@117
put into the
80 @85
trade
carrying
of
the
world,
in
excess
of
its
requirements it is
112 @113
feared. They have displaced
sailing ships in every direction,
and the shippers and consumers have been
largely benefitted by
7*2@
8*2
having
an
ample
supply
of
the
very
class of steam ton¬
highest
2%@
3*4
113 @115
nage at their command and at a uniform low rate of freight.
@
The master cotton-spinners of Oldham seem determined to
@
!
64
@ 68
enforce a reduction in wages. Last week the
operatives drew
14 @ 16
42 @ 46
up a spirited resolution asking the employers to reconsider the
42 @46
question of a reduction of 5 per cent. In answer to the reso¬
110 @112
110 @112
lution, the Employers’ Association ' held a numerously112 @114
attended meeting at the Lyceum, where
99 @100
they passed a resolu¬
45 @50
tion to the effect that in consequence of the state of trade the
112 @114
@.
operative spinners enght to submit to a redaction of 5 per cent.
105 @107
The employers further directed their
89 @91
secretary to ascertain
......@
from every member of the association whether he is favorable
@
!
114 @116
to the proposed reduction, and it is understood that the mem-
292
THE CHRONICLE.
:
:
—
'
'
bers will be canvassed in this way before formal notice of
redaction is given to the operatives. The latter are of opinion
that the limited companies have taken the initiative in all these
r
redactions, and they are all the more chagrined at this since
companies have been mainly fonnded by working men.
The operatives are farther of opinion that short time and not a
redaction of wages ought to be enforced, since the former can
alone better trade. The fustian weavers have accepted a
redaction of 8% per cent, and are now working on the lower
these
‘
77,000
Adelaide
Swan River
Van Dieiuan’s Land
New Zealand
21,600
1,700
Cape
Totals
85,000
.*
13.600
96,100
45,000
Bales.
42,755
11,336
1,045
8,268
38,154
5,776
23,353
340,000
167,086
of
produce
1878.
872,407
89,753
home-grown
Total
Deduct
exports
wheat and flour
:
'
—\
Av’ge price of English
wheat for the
809,902
70,225
52,374
335,400
738,200
/
1876.
579,020
1,984,581
1,541,180
35,872
53,056
30,347
19,998
1,948,709
1,487,624
1,168,628
1,580,473
45s. 8d.
62s. Od.
45s. lid.
48s. Id.
season.
1877.
793.350
307,820
of
Result.../
1,198,975'
1,600,476
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom during the fi t
week of the new season, compared with the
correspond’!
Withdrawn.
Bales.
42.175
—
quarters in 1878. It is estimated that the following quantities
of wheat and flour, exclusive of those furnished
ex-granary,
were placed
upon the British markets during the week ended
August 30:
Sales
following
gives the t^ptal available wool for sale in the present series, the
quantity catalogued up to Tuesday, and the withdrawals:
Catalogued.
:
1879.
Messrs. Helmuth Schwartze & Co. report that the
Sydney./
Port Phillip
=====
Imports of wheat.cwt. 1,555,033
Imports of flour
•
121,728
terms.
Available.
Bales.
[Vol. XXIX
=
4,797
period in the three previous
918
seasons :
'
1MPOHTS.
363
1879.
2,248
4,083
Wheat
cwt.
Barley
1877.
872,407
136,092
160,518
39,958
168,297
19,093
36,005
550,594
121,728
Oats
Peas
Beans...
Indian corn
Flour
18,185
1878.
1,555,033
1876.
793,350
145,683
371,075
14,519
71,717
518,030
70,225
53,373
809,9
:
59,3
238,08
48,105
small accession of buyers from
90,281
142,105
1,008,871
France, and, with the increased attendance, rather more anima¬
974,028
89,753
52,374
tion.
Prices in the main, however, have
changed but little.
EXPORTS.
The more favored position of the better greasy wools,
1879.
1878.
1877.
1876.
upon
cwt.
32,565
50,291
29,949
which we remarked in our last report, is maintained and Wheat
18,110
Barley,.
605
3,033
234
402
11
45
improved, this class selling now on about a par with the closing Oats
1,261
370
Peas
300.
436
87
17
rates of last series. Beyond this the market shows no
291
improve¬ Beans
600,
19
Indian corn
49,905
1,701
4,166
126.
ment, and the situation for the bulk of wools is correctly given Flour
3.307
2,765
398
1,888
by quoting prices as on a level with the early May rates. An
English Market Reports—Per Cable.
exception must, however, be made in the case of very faulty
inferior
wools,
burry scoured, &c., which are distinctly lower
The daily closing quotations in the markets of London and
and continue to sell most irregularly. The tone of the sales Liverpool for the past week, as reported by cable, are shown in
generally varies with the selection, and while animated when the following summary:
London Money and Stock Market.—The bullion in the Bank
good wools are sold is dragging in the case of indifferent cata¬
of England has increased £384,000 during the week.
logues. In the position of crossbreds no material change has
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
to be recor4ed. Fine sorts continue in fair
request, fine greasy
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
13.
15.
16.
17.
18.
19.
especially selling well, and comparatively better than washed.
Silver, per oz
d. 5158
51%
51%
51% ^ 51%
51%
Coarse crossbreds remain very depressed.
Consols for money
97Hi6 97Hi« 97®ie
979is
97916
97916
Consols for account
97Ui6 97Hi6 9791q
Announcements are made almost daily of a return of ten or U.
97«i6
97%
9791q
S. 5s of 1881
105
105%
105%
%
105%
105%
105%
U.
S.
of
108
4%s
1891
108
q
q
fifteen, and, in some cases, of twenty per cent of the rent due
108%
108%
108%
108%
U. S. 4s of 1907
104%
104%
104%
104%
104%
104%
by the farmers to their landlords. The want of prosperity Erie, common stock
267s
27%
27%
27%
27%
27%
Illinois Central
1.. 94
94
94
94
94%
94%
among the agricultural interests is naturally a matter of serious
44
Pennsylvania
44
44
44q
44
4334
concern to the country, and numerous are the
19
18%
18%
18%
proposals set Pliiladelphia& Reading.
forth to remedy it. Some consider that small
-See
Market.—
Liverpool
Cotton
holdings alone
special report on cotton.
will cure the evil, while others think that
large farms, with
Liverpool Breadstuff's Market.—
leases more favorable to the occupier, can alone invite
Sat.
Mon.
Tues.
Wed.
adequate
Thurs.
Fri.
s.
d.
s.
d.
s.
d.
s.
d.
s.
d.
capital, and prove, with fair weather and average crops, re¬ Flour (ex. State)
25 0
$ bid.. 24 0
25 6
25 6
25 6
26 0
munerative. The poor crops harvested in this
9 0
9 2
9 2
9 2
9 4
country during Wheat, spr’g,No.2,1001b. 88 106
8 8
8 10
Spring, No. 3...
8 10
“
8 10
8 11
the last four or five years are due not to bad
9 4
Winter, West. ,n.
9 6
farming—though,
“
9 7
9 7
9 7
9 8
9 5
9 7
Southern, new.
“
9 8
9 8
9 8
9 9
owing to diminished resources, farmers are not working their
Av. Cal. white..
“
9 2
9 2
9 4
9 4
9 4
9 5
land so liberally as they used to do—but to a series of wet sum¬
California club.
“
9 10
9 10
11
9 11
9
9 11
10 0
Corn, mix.,West.^ cent’l 4 9% 4 9% 4 10% 4 10% 4 11% 5 1
For five seasons the summer has been
mers.
very brief and
Liverpool Provisions Market.—
unpropit ious, and the work of harvesting has been encumbered
Sat.
Mon.
Tues.
Wed.
Thurs.
with many anxieties and much disappointment.
Fri.
Bad weather
s.
d.
s.
d.
s.
d.
s.
d.
s.
d.
is the real cause of the farmers’ troubles. Those,
West. mess.. 59 bbl.47 0
47 0
47 0
47 0
47 0
47 0
however, who Pork,
Bacon, long clear, cwt.. 27 6
27 6
28 0
28 6
28 6
28
6
-are so enrapt in the French or
Short clear
“
any system of spade farming
28 0
28 0
29 6
29 0
29 6
29 6
59 tiorro..
and small holdings would do well to read the official returns Rpp.f.
Lard, prime West. 59cwt.31 6
31
6
31
6
31 6
31
6
32 3
published by the French Minister of Agriculture, and relating Cheese, Am. choice “ 36 6 36 6 36 6 40 0 • 43 0 44 0
to the crops in France. In this
London Petroleum Market.—
country an average crop of
wheat is about four quarters to the acre; but,
Sat.
Mon.
Wed.
Tues.
Thurs.
Fri.
according to the
d.
d.
d.
d.
d.
d.
French Minister’s deductions, the crop of 1878 did not
average Pet’leum, ref. $ gal... ©
6%©634
6%
6%
6%©6%
6%
more than 15*3 bushels
©
©
*8 ©
©
©
©
per acre, or scarcely two quarters, and PetTeum, spirits “
the average of the six preceding years was not more than about
The past week has
brought
a
.
,
—
....
-
*
-
nr. moss.
..
..
16 bushels to the acre, or at the most
a
little
more
..
..
....
..
..
..
QDcmxmercial amllfrXiscetlatieous Hews.
than two
quarters. In good seasons, and on well-farmed land, as much
as 6, 7 and even 8
quarters of wheat have been grown in
England to the acre, and the farmers of Norfolk, Berkshire,
Essex, and some other leading agricultural counties, who are
men of capital and have
large holdings, secure, in most cases,
the largest crops. This comparison is
certainly not favorable
to the system of cottierism so much talked of now.
Very little English wheat is now coming to market, but the
importations of foreign produce have been liberal, and the
weather being fine the trade has been dull at
barely late rates.
The quantity of wheat afloat has somewhat
declined, but it is
Still very large, being 8,534,000 centals.
During the week ended August 30, being the first week of
the new season, the sales of
home-grown wheat in the 150
principal markets of England and Wales amounted to 17,759
quarters, against 33,404 quarters ; and it is estimated that in
the whole kingdom they were 71,000 quarters,
against 133,600
..
Imports
and Exports for the Week.—The
imports of last
compared with those of the preceding week, show
an increase in dry goods and a decrease in
general merchandise.
The total imports were $7,179,688, against $7,593,817 the pre¬
ceding week and $6,702,469 two weeks previous. The exports
for the week ended Sept. 16 amounted to $7,627,576,
against
$6,217,157 last week and $9,982,608 the previous week. The
following are the imports at New York for the week ending
(for dry goods) Sept. 11 and for the week ending (for general
merchandise) Sept. 12:
week,
FOREIGN IMPORTS AT NEW YORK FOR THB WEEK.
1876.
$1,587,057
Dry Go<?ds
General mdse...
3,414,818
Total week
Prev. reported..
201,003,602
Tot. s’ce Jan.
In
of
'
$5,001,875
1877.
1878.
1879.
$2,080,991
$1,889,987
$2,597,924
3,520,253
4,581,764
4,256,696-
$6,337,687
$5,410,210
$7,179,688
231,464,237
198,001,230
217,503,367
1..$209,005,477 $237,801,924 $203,411,470 $224,683,055
our report of the
dry goods trade will be found the imports
dry goods for one week later.
The following is a statement of the exports (exclusive of
September 20,
THE CHRONICLE.
1879.]
specie) from the port of New York to foreign ports for the
ending Sept. 16:
week
issued in 1872, payable in
interest due upon them.
limes
EXPORTS FROM NEW YORK FOR THE WEEK.
293
twenty years. There is six months'
Mr. Leggett said to a New York
reporter that he understood that the suit had been
brought to secure not only the interest, but the principal, the
For the week....
$4,876,524
$6,551,589
$7,799,540
$7,627,576 ground taken by the suitors being that the default in the
Prev. reported.. 181,730,099 188,806,032
pay¬
239.036,754 227,278,905 ment of the interest made the
principal due. He understood
Tot. 8’ce Jan. 1..$186,606,623 $195,357,621
that
City Attorney Chetwood had put in an answer, and he had
$246,836,294 $234,906,481
been told that Judge Nixon had set the answer aside as
The following will show the
frivo¬
exports of specie from the port lous, and had
judgment
entered. Mr. Leggett understood that
of New York for the week
ending Sept. 13,1879, and also a the judgment was for the
$129,000 and the interest.
comparison of the total since January 1, 1879 with the corre¬
An execution was placed in the hands of a U.
S. Marshal,
sponding totals for several previous years:
but it could not be learned whether the
judgment in the United
Sept.
-r'
States
1876.
1230—Str.
11—Str. Frisia
1877.
London
Paris
London
13—Str. Oder
13—Str. Germanic
1878.
Eng. silv. coin.
$3,900
...Am, silv. bars.
Am. silv. bars.
Liverpool
Total for the week
1879.
6,200
50,000
17,600
Mex. silv. dols.
($77,700 silver, and
—
—
gold)
$77,700
Previously reported ($10,235,282 silv., and $1,947,038 gold). 12,182,320
Tot. since Jan.1/79
($10,312,982 silv., and $1,947,038 gold).$12,260,020
Same time in1878
$10,458,525
1877
23,152,955
1876
40,068,406
1875
62,793,572
Same time in—
Same time inI
1874
$42,571,626 1870
$48,764,812
1873
41,741,873 1869.....
25,587,186
1872
57.568,178 1868
65,998,944
1871
55,218,501 1867
41,494,472
The imports of specie at this
port for the same
been as follows:
Sept.
periods have
'
8—Brig Tula
Belize
Am. silver
Am. gold
$3,320
205
Foreign silver.
180
Gold dust
8—Str. Germanic
Liverpool... i
*
280
Am. gold.
r
944,736
35,000
929,514
13,186
2,950
Foreign gold...
Gold bars
8—Str. Bermuda
Hamilton
Foreign
gold...
8—Str. C. of New York..V. Cruz & Havana.. Am. silver
Am.
8—Str. C. of Montreal
Liverpool
4,591
94,289
165,429
150,000
132,257
36,484
Gold bars
8—Str. Santo Domingo...St.
10-Str. Weser
gold
Foreign silver.
Foreign gold...
Foreign gold...
Domingo
Am. silver
Am. gold
Foreign silver.
Am. gold
Foreign gold...
Bremen
950
185
242,254
40,000
Gold bars
10—Str. Wieland
Hamburg
10—Str. St. Laurent
Havre
Algeria
Foreign gold... 1,515,200
Gold bars
131,433
Foreign gold... 1,501,733
Am. gold.
969,018
Liverpool
Gold bars
Morro Castle ....Havana
Baltic
Liverpool
Donau
Bremen
Ailsa
13—Str. Claribel
154,660
583,980
428,300
262,791
13,605
Foreign gold...
Gold bars
Am.
gold
Foreign gold... 1,131,465
Port-au-Prince
Am. silver
Am. silver
Am. gold
Court authorized methods of collection which the State
recognize. The city authorities claim that none
of the city property can be touched. It is all
actually needed
courts do not
by the city government, and for the protection of life and prop¬
erty within the city limits, and, therefore, it is said, it is
exempt from execution.
Northern Pacific.—The New Northwest, which is considered
organ of the Northern Pacific Railroad Company, said, in
the August issue : “ At the time of our
going to press the
Northern Pacific Railroad track had been laid about
twentyfive miles from the Missouri River west, and was
being
pushed
forward rapidly. The graders are
an
thickly at work, and will
complete the first seventy-five miles this month. There is now
doubt that Walker Bellow & Co. will finish their contract for
the stipulated time, which was the 1st of
“ The
*
*
*
westerly end of ther
Missouri Division, from the end of Walker & Bellows' 100 mile
no
100 miles within
November.”
*
contract to the
view to putting
Yellowstone, is being definitely located, with a
it under contract some time in October. One
party of engineers is now engaged in this work, running west,
somewhere about the valley of the Little Missouri River.
Anothor party is on the way to the
Yellowstone, to commence
locating eastward. When these two parties meet, the balance
of the Missouri Division,
being something over 100 miles, will
be ready for
letting. On the Pend d’Oreille Division several
parties of engineers have been actively engaged during the
season in
examining and surveying the various routes proposed.
The results of these
surveys will be submitted at the August
meeting of the directors, and the board will doubtless then,
adopt a line of definite location, which will be put under contract
and be commenced upon this season.
Twenty-five hundred tons
of rails purchased for this Division are now on board
vessels
going round Cape Horn, and twelve thousand tons more are
under contract, to be delivered in the Columbia River
next
spring.”
Pacific of Missouri.—Steps have
recently been taken to
lace the trust receipt certificates of the Pacific of
Missouri
ailroad stock, amounting to about
$4,000,000, on the Stock
The stock of the old company amounted to
11,500 $7,000,000. The road was
foreclosed, and bought in by Commo¬
Foreign gold...
1^947 dore
Garrison, but it is claimed by some of the stockholders
Total for the week ($157,996 silver, and
$9,354,034 gold)
$9,512,030 that the transaction was illegal, and about four sevenths of the
Previously reported ($5,889,556 silv., and $10,696,665 gold). 16,586,221 stock has been
deposited in trust for which trust receipt
certificates have been issued, the object
Tot. since Jan. 1/79 ($6,047,552
silv., and $20,050,699 g’d).$26,098,251
being to bring suit to
set aside the sale on the
ground
of
fraud.
Same time inDuring the latter
Same time inSame time in—
1878
1877
1876
1875
Kingston
$15,001,124
10,815,801
3,800,524
8,796,621
1874
1873
1872
$4,696,9^0
1871
7,688,254
500
20,088
1870
1869
1868
3,750,554
2,938,908
$8,057,480
11,091,437
5,769,270
Exchange list.
part of last week
the stock
was
resurrected
at
the Stock
Exchange, the first sale being made at 2, from which the price
advanced during the same day to 5, and has since sold as
high
as 12.
It is claimed
that
some
of the holders of the trust
Business.—Mr. G. W. Schuyler, the Canal receipt certificates suddenly lost faith in the success of their
Auditor, furnishes the following comparative statement, showing suit and concluded to take advantage of the unexpected advance
in the price of the stock and
the total quantity (in tons) of each article cleared on the
sold, but were sorely disappointed
canals on
from Sept. 8 to ^ept. 14, inclusive, 1878 and 1879:
discovering that the trust receipt certificates were not a good
delivery for the sale of the stock ; hence, it is claimed, the
1878.
1879.
object of placing them on the list.—American Exchange.
Articles.
1878.
1879.
Canal Tolls
and
Tolls
$32,183 $44,580
Total miles boats
cleared
311,577 367,090
Articles.
Boards& scantling
Shingles.
Timber
Staves
Wood
Ashes, pot & pearl
‘Ashes, leached...
Tons.
35,288
49,573
305
370
414
2,377
‘Bar and
Pig iron.
Corn
*Corn meal
Barley
Barley malt......
Oats
Bran & ship stuffs.
Peas and b*ans...
62 6
3
6
15
57
39
157
Foreign salt
Sugar
4.367
11,500
33,296
Flint,
2
1,901
344
306
3,864
27
......
13
16
44
17
1,019
.
.
.
Articles mamed thus
7
are
45
755
935
1,630
„
35|
Total tons
1
per cent.
The earnings so far
railway interest in the
Southwest.
—Messrs. August Belmont & Co. and Winslow,
Lanier &
having purchased the balance of the Baltimore & Ohio
92
suit investors.
601
833
14,226
4,762
8,924
1
16,435
6,646
8,111
951
81
6,626
4,953
155,688 203,158
in the “Free List.”
Elizabeth City, N. J.—The
city Controller learned,
inquiry,
that a judgment had been secured
by Peter and Robert Goelet
of New York, in the United States
Court at Trenton. The
Goelet Brothers hold $129,000 worth of funded
debt bonds,
nearly 300
Parkersburg branch first mortgage forty-year 6 per cent bonds,
lately offered by Messrs. Drexel, Morgan & Co., as agents for
the Baltimore & Ohio Railroad, now offer the same in sums to
7,027
Petr’leum or earth
oil, cr’de & ref’d.
Sundries
337
15
or
this year are at the rate of 7 per
cent on the entire stock and
bonds of the road, and when it is considered that
$1,070,500 of
the former and $1,067,000 of the latter were issued to build the
extension to Leadville, etc., and which has
up to this time
earned nothing, these figures afford an
unparalleled instance of
the wonderful development of the
156
439
852
2,977
ore
increase, $192,598,
117
65
4,610
Iron
following
and rebateperiod
fives
: Rental
for six months
ending
uly the
1, 1879,
$263,514;
corresponding
1878, $70,916;
Co.
All other mdse.
Anthracite coal...
Bituminous coal..
Pueblo & Arkansas Valley Railroad.—The Boston Advertiser
795
40
12
Stone, lime & clay
Q
"8
3,803
3 12
142
6 116
Gypsum
28
*
15
242
215
3,275
enamel,
crock’ry, glassw.
8
22
213
16
1
2,476
1,475
370
28
187
376
..:
Iron and steel....
Railroad iron
1
•
i,813
.
288
Potatoes
*
o
‘Domestic cottons
Domestic salt
45,731
3,909
41,855
‘Dried fruit
‘Cotton
*Unm’f’t’d tob’cco
*Clover & err’s seed
.V
Molasses
ACoffee
Nails, spikes, and
horseshoes
Apples
*Hemp
pig lead.
Bloom & bar iron.
Cast’gs & iron w’re
‘Domestic w’leris
200
*Lard, tallow, and
Rye
19
417
7
7
‘Leather
Furniture
417
Tons.
1
‘Domestic spirits.
1,740
1,639
1,408
‘Cheese
Wheat
*Hops
‘Oil meal& cake..
Tons.
‘Pork
lard oil
‘Wool
Hides
‘Flour
Tons.
on
—Mr. Daniel A. Moran has just removed to fine and commodius rooms at No. 27 Pine street, where his
many patrons will
find him ready to deal in all classes of investment
including city, State, Government
Moran is
city.
one
securities,
railroad bonds.
Mr.
of the best known bankers in the above line in this
or
.
—The attention of the stockholders of the New York Elevated
Railroad is called to the treasurer’s notice in another
column,
that a two and a-half (2^) per cent dividend has been
payable on and after October 1, 1879.
September 20 and re-open October 2.
declared,
Transfer books close
—Attention is called to the advertisement of the
Security
Bonds issued by the Knickerbocker
Casualty Insurance Com¬
pany, No. Ib7 Broadway, N. Y.
291
THE CHRONICLE.
%\xt %im\izxsr OSascttc.
The
and
a
following table shows the changes from the previous week
comparison with the
NATIONAL B1NKS ORGANIZED.
The United States
Comptroller of the Currency furnishes tlie
following statement of National Banks organized the past week:
2,433—City National Bank of Springfield, Mass.
Authorized capital,
t250,000;
paid-in
capital, Cashier.
$150,000. Authorized
James 1>. Gafford,
ent; Henry
II. Bowman,
to
business Sept. 9, 1879.
2,434—First National Bank of Bismarck,
Pres¬
commence
.
I^egal tenders.
Faironild, Cashier.
Sept. 12, 1877.
1
V
1
o
K
^
O
h
Per
Cent.
Company.
When
Books Closed.
Payable.
(Days inclusive.)
cel
M
1
Sept.
8.
1%
Oct.
1.
1*2
Oct.
aneous.
Am. District Tel. (quar.)
6 s 1880...
Os, 1880..
Sept. 20 to Oct.
15. Oot.
2
to
Oct.
1
21
FEIDAI, SEPT. 19, 18 79—5 P. M
Money Market and Financial Situation.—The
Tlie
gener¬
al situation in financial circles is little
changed from last week
The same buoyancy in low-priced railroad stocks at the Board
is
the principal feature in itock
transactions, and the climax of faith
in Southwestern fancies
might be supposed to have been reached
when Pac fic of Missouri—a stock whose
very existence depends
upon the result of a future law suit —sold up to 12.
1 here is a
rational and
common sense
ment in the stocks of
on
the
one
view to be taken of the
re-organized railroads, and
lively
move¬
hitherto unable to
earn
their interest
charges,
as
fully
warrante 1
There are
about among stock brokers and their customers
as
likely to
increase the value of this or that
low-priced stock. As to the
first point—a lease—it is a matter
depending entirely upon the
will of directors in two
companies (subject to the ratification of
stockholders, which is seldom refused), and without official infor¬
mation the average stock
buyer can only operate in the dark ;
to
work
successfully on this ground one should first
become a director.
As to the
second
combinations, extensions
point
or
utter
of
new
working contracts, the
matter is also
the facts have been
uncertainty for the outsider until
opportunity is presented for taking a
possible earnings of such roads as Erie,
Wabash, ISt. Louis Kansas City & Northern, and others, under
their new plans and
combinations, offer a fair chance for the
dealer in stocks to form his own
opinion and buy or sell accord¬
ingly. Next as to the obligations to be met before dividends on
stock can be paid, the facts are known in each
case, and if there
has been a considerable reduction in annual
charges the net
earnings of the road for a series of years past may be compared
with the present amount of
charges and some conclusion drawn
as to the future.
As to the fourth and last
point made above,
An increase in business on the road from
causes incident
special
to the particular line or from the
general improvement in busi¬
ness
throughout the country, the facts are all open and the
question is a matter of opinion. As to special causes
touching
certain lines of road, there is
nothing to be said here, but as to
made public, and then the
fair and open risk.
The
transportation
General
business
eretofore
made in connection
we can only repeat ourthat
remarks
with railroad
earnings
there
anticipate that for the current'year
1879 the total
earnings of leading railroads will greatly exceed
the earnings in 1878.
A general improvement in business will
unquestionably lead to an increase in railroad earnings, but that
increase should come
gradually, and can hardly be felt to a great
extent in a single
year.
The money market has worked
pretty steadily, with 4@6 per
cent as the
to be little reason to
range on call loans, and the bulk of business with
stock brokers done at 5@6
per cent. For prime commercial paper
there is a ready sale at 5@6£
per cent, according to the time it
has to run.
The Bank of
England weekly statement on Thursday showed
gain of £384,000 in specie, and the percentage of reserve was
59£ per Cr nt, against 58 5-16 per cent the previous week ; the
.
a
discount rate remains at 2
per cent.
The Bank of France lost
28,700,000 francs in specie.
The last statement of the New York
City Clearing-House banks,
issued September 13, showed a decrease of
$219,025 in the excess
above tliejr 25 per cent legal
resQrve, the whole of such excess
being $2,964,775, against $3,183,800 the previous week.
123,100
231,200
1.002,700
007,800
18.554,700
19.478,300
*
reg.
each
15,577,100
208.582,400
44,045.900
Government
—
not a season
&
&
&
&
as
follows:
Sept.
Sept.
15.
Sept.
Sept.
10.
17.
18.
J. *103*8 *103% *103% '103% '103%
J. *103*8 T03% *103% *103% '193%
J. *10413 104% *104*4 '104% *401%
J.
101*8 104*8 *104% 104% *101%
Q.-Feb.
*
10J*8 *102%
102*8
102*8
coup. Q.-Feb. *10238 *102% 102*8 102%
reg. Q.-Mar. 104*8 *104*8 *104*8 104%
coup. Q.-Mar. *101*4 *104% *104*8 101%
100% *101
101
reg. Q.-Jati.
101
coup. Q.-Jan.
101% 102
102
102
189 >..rcg. J. & J. *121 *3 *121 % *121%
*121%
1890.. reg. J. & J. *121% *122
*121% 121%
1897.. reg. J. & J. *122
*122% *122
•122
1898.. reg. J. & J. *122% *122% *122% *123
18 >9..reg. J. & .T. *123
*123
*123
*123%
TUis is tlie price bid: uo sale was made at tlie Board.
*
The range m
of
19 913.000
218,209,000
48,891,200
.
102%
*102 %
10 4%
*101*8
*
*
101
102
1 21
*122
prices since January 1, 1879, and the
bonds outstanding Sep*. 1, 1879,
follows:
Range since Jan. 1,1879.
Lowest.
Highest.
Gs, 1880-1..cp. 103% Aug 2 ‘ 107%
5s, 1881
cp. 101 % Aug. 27 107%
4%s, 1891 ..cp. 104
Mob. 21 108
99
4s, 1907
cp.
Apr.
1 103%
Gs.our’ucy.reg. 119% Jan. 4 128
June 23
Jan. 15
May 21
May 21
May 31
Amount
Sept.
19.
*103%
*103%
104 %
*104%
*102*8
*102%
'104*8
*104*8
101
102%
% -lil%
*122
*122% *122%
'122% *122%
*12 i
*123
amount
of
class
it is neither fair
by the general improvement in mercantile business.
four main points to be looked at in
considering the possible future
of a railroad whose stock has heretofore been
practically worth¬
less. 1. The road may be leased at a fixed rental to
another com¬
pany.
2. By new combinations or extensions the business of ihe
road may be largely increased.
3. The annual interest charges
may have been greatly reduced in the process of
re-organization.
4. A decided improvement in the road’s traffic
may be effected by
general or special causes. We believe that under these four heads
may be classed nearly all of the influences
commonly talked
seems
1881..
1881..
IS81..
1881
413s, 1891
4%s. 1891
4s, 1907..
is, 1907..
Gs, cur’ey,
Os, cur’cy.
Gs, cur’cy,
Os, cur’cy,
Os, cur’cy.
side to set down the advance in
prices as wholly unrea¬
sonable, nor on the other side to approve of the rapid upward
strides of 5 and 10 per cent a week in the stocks of
railroads
an
Os,
Os,
5s,
5s,
reg. J.
coup. J.
reg. J.
J.
1877.
Sept. 15.
$120,400 $214,215,100 $243,795,000
Interest Sept.
Periods.
13.
l{»Ilroads.
Delaware Western
Union Pacific (quar.)
1878.
Sept. 14.
securities are steady
when there is
usually a
in governments, but, under all circum¬
It is
large business
years.
stances, prices are well maintained.
Closing prices at the N. Y. Board have been
.
The following dividends have recently been
announced:
Name of
Ditfer’uces fr’in
previous week.
fair business
very
O
1879.
United States Bonds.
on a
preceding
Sept. 13.
Dec.
Inc.
Inc.
Dec.
39.481.100 Dec.
..
$50,000; paid-in capital, $30,000.
G. H.
two
Loans and dis. $250,960,400
i 9.*76.900
Circulation
21.003.500
Net deposits
225,572.900
Specie
Dakota.
Authorized capital,
Walter Maim, President}
Authorized to commence business
[Vol. XXIX.
were
Sept. 1, 1879.
Registered.
Coupou.
$205,075,300 $77,061,050
273,4»2,890
23 1,957,550
100,10^,950
83.891,050
460,380,300
270,012,500
04,023,512
Closing prices of securities in London
the range since
Jan. 1, 1879,
were as
for three weeks past
follows:
Sept. Sept. Sept.
5.
U. S. 5s of 1881
U. S. 4%s of 1891
U. S. 4s of 1907.
12.
19.
as
and
Range since Jan. 1,1379.
Lowest.
Highest.
105% 105% 105 Tb 105 July 10 109% Jan. 4
>08
108% 108*8 100% Midi. 24 llo
May 2
105
x04% 104% 101
Mch. 26 105% May 22
State and Railroad
Bonds—State bonds have been
inactive,
monopolized most of the Board sales,
although in these there were comparatively few transactions,
and Louisiana consols have
and the last sale was at 384.
Railroad bonds have been decide lly
strong and active for the
speculative bonds, led by Mo. Kansas & Texas firsts and seconds,
Chesapeake & Ohio, and Denver & Rio Grande. Erie second
consols have been dealt in considerably, but do not show much
strength, considering that they begin to draw regular 6 per cent
interest from December 1.
Closing prices of leading State bonds for two weeks past, and
since Jan. 1, 1879, have been as follows:
the range
States.
Sept.
Sept.
12.
19.
'i
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee
Os, old
Virginia Os, eousol
do
*37%
*104%
*22
*30%
*80%
do
2d series.
District of Columbia 3-05s...
*
Range since Jan. 1, 1879.
Lowest.
Highest.
30
July 24 09
103*8 Mch. 5 107%
Fob.
*22% 18
8 25%
*30% 30
Aug. 20 42
*81
73% June 20 73%
40
Sept. 18 44
*8 4”
79% Jan.
3 88*8
38%
Jan.
6
June 10
June 14
Feb. 13
June 20
Mch. 28
May 23
This is the price bid; no sale was made at the Board.
Railroad and
Ml*ccllaneou*
wtocftc®.—The stock market
has
again shown extraordinary activity and- bno ancy in the
low-priced specialties. It is not asked in regard to any particular
stock, “ Has it any valueV” but “ Will it go up?” And mi this
inquiry the whole market turns, as the question seems to be
answered in almost every case affirmatively.
In our remarks
above we have endeavored to enumerate and
classify the sev ral
circumstances which are to be considered in estimating the
prob¬
able value of these stocks, but as to the course of the market
from day to day, which is quite ap <rt and distinct from
any real
values of stocks, it is impossible to say
anything for the guidance
of our readers.
Perhaps as to this there is nothing better than
the opinion of a well-informed stock broker, and
yet the better
informed and more honest brokers are the ones who least
pretend
to foretell with any assurance the
prices of stocks for a single
day ahead. It is useless to name the whole list of stocks whiah
have this week shown large sales ; but
among the most conspic¬
uous we find Northern Pacific
preferred and common St Louis
& Iron Mountain, Houston & 'I'exas Central,
ChesapeakOhio,
Mo. Kan. & Texas, Mobile & Ohio, Col. Chic. & I.
0., Ind Cin. &
Lafayette, &c. The regular speculative stocks of the Gould
roads, as also the Grangers and Lake .-bore, have also been quite
active and close strong.
'I he
coal stocks have
been
a
feature
yesterday and to-day. but close at some reaction.
In our remarks in this place last week,
referring to Hannibal &
St. Joseph earnings, we accidentally wrote ntt
earnings instead
of gross.
'
'
September 20,1879.
The
HE CHRONICLE.
|
daily highest apd lowest orices have been
1
Saturday,
Sept. 18.
Canada South.
Cent, of N. J..
Chic. 8c Alton
Chic. Bur. & Q.
Chic.M.& St.P.
do
pref.
Chic. & N. W..
do
pref.
Chic. R. I. & P.
Chic. St.P.&M.
Clev. C. C. &I.
Col.Chic.& l.C.
Del. & H.Canal
Del.Lack.& VV.
Han. & St. Jo..
do
pref.
Ohio & Miss..
Pacific Mail....
Panama
St.L &I.M.assd
St.L. K.C.&N.
do
pref.
St.L. & S.Fran.
do
do
pref.
1st prf.
Sutro Tunnel.
Union Pacific..
Wabash
West. Un. Tel.
Wednes.,
Sept. 16
Sept. 17.
62* 62
62
follows:
as
1
"
Thursd’y,
Sept. 18.
51* 52
95
95* 97
1*114* 14% L14*
67 % 68
66* 67! 64 *
97 m 9754 97* 97£_ 97*
ms 81* 80* 81* 79*
51H 52 %
95
95* 95
114^ 114*114*
66
66* 67!
98
98* 985
81* 81
81*
99* UK)* +100* 102 x99%100
140
140* *139* 141 141 141*
45
45
44% 45
44* 45
52
52
51
52
*51* 52*
8*
8*
8*
8*
8*
8!
47* 48* 47* 48!
47* 48
59* 60!* 59
59* 59* 60*
23* 25>. 23* 24* 24
24*
52
53
52* 51
53* 52
91* 91
91* 91* 91* 91*
71* 72
71* 7,3
89* 91* 90* 91* 90* 9lj
58* 58* 58* 58* 53* 58!
81* 83* 82* 83* 82* 83*
15 $4 17* 10-* 17* 17
17*
90% 91
90* 00* 90* 91
99
99* 99*100
13S% 13S% 140
140
44* 45* 46
43%
¥
52* 52
52*
8}4
8*
8*
8*
48*4 48* 48* 49*
59
60* 59* 60*
22% 34*
-48% 50*
90^ 90*
70
73*
88*
53% 59*
82
82*1 83
15% 15! 1 15* 17*
90 % 90!
91
9L*
,
120 “ 120
36*
48% 48*
18
18
47
40%
17*
21%
20* 20*
49
50*
18
17*
22
158
X118* 18*
59*
13*
18*'
43* 43*i
4*1
119
20* 27*
47* 47*
17* 17*
21* 22*' 21*
I*
30* 38* j 37
24* 25*' 23*
59! 00
57*
13* 14* 14*
18* 18*1 18 *
43* 43*'
<
4
3*
3%
—
434
119
*
53* 54%
95* 90
*114
115
00* 07%
98% 99%
80% 81*
99* 100
140* 140*
00
61
235
24*
52*
521
91* 01%
09% 71
119
20*
49
24
49
39*
39
2iU
23* 24* 24* 24*
58* 59* 58* 59*
14* 15
14* 14*
18* 18* 18* 18*
43 * 43% j 44
44
sh
m\
3* 3*
su
ITS. >
S4* 83* 81*4
41* 42*
93* 93*
155 J* ... lo5
40* 89* 40*
....
59*1
14*
“■
18H
43!+
....
sf*
..
155
46* 44*
24%
58* 59
14% 15
18* 18%
44* 44*
m\
3*
3*
79*1 79* 82! 82*
+84
84*
42* 42
43
40* 42*
41* 42
93 >s 94*
94* 94*1 94* 05
93* 94*
These are toe prices old mi l ;iske l: a » vt'« was made at the
Board.
t Sales were also made, ox-div., at 99*3100*.
$ Sales were also made, ex-div., at 82*382%.
.
K
Total sales this
•
since Jan. 1, 1879,
week, and the range in prices for 1378 and
follows:
were as
Sales of
Week.
Shares.
Canada Southern....
Central of N. J
Chicago & Alton....
Chic. Burl.& Quincy
Chic. Mil. & St. P
..
do
do
pref
Chicago & Northw..
1,000
56,920
3,651
45% Jan.
3 3* Jan.
776
111* Jan.
143,0! 8
34* Jan.
74% Jan.
7,075
102,985
do
do
pref.
16,125
Chic. Rock lsl.& Pac.
846
Chic. St. P.& Minn.*
5,171
Clev. Col. Cin. & Ind.
1,050
Col. Chic.& Ind. Cent
11,075
Del. & Hudson Canal
7,231
Del. Lack. & Western 129,540
Hannibal & St. Jo
28,190
...
do
75
49* Jau.
76* Jan.
119
21
Jan.
May
3434 Jau.
5
„
do
pref.
do
1st pref.
Sutro Tunnel
Union Pacific
Wabash
Western Union Tel..
.
115,400
10,560
19,900
5,u2l
8,§6 5
2,805
8,910
24,233
51,850
22,472
*
2
3
7
4
4
3
13
7
Jan.
Jan.
25*
3*
4*
9%
2*
57*
Jau.
Jan.
Jan.
Jan.
Jan.
Jan.
17% Mch.
88* Aug.
1878.
Highest.
Low. High.
63* Mch. 15
July 31
Sept. 15
122* Feb. 19
70
Aug. 6
9934 Sept. 19
81* Sept. 12
I 45*
13* ! 45*
66 % 85
99* 114%
27* 54*
55
97
3 ,102
Sept. 17
8 141* Aug.
7
5 47 % Sept. 6
2
4
2
Jau.
Jan.
43
Jau.
2
13* Jan.
4
34
Jan. 10
79* Mch. 26
9* Jan. 'z\
38
..
St. L. I. Mt. & South.
St. L. K. C. & North.
do
pref.
St. L. & S. Francisco,
3
Moh.
pref.
34,395
Illinois Central
2,614
Kansas Pacific
7,620
Lake Shore
67
Jan.
168,000
Louisville & Nashv..
35
4,670
Feb.
Michigan Central....
14,600
73% Jan.
Missouri Kan. & Tex.
53,170
5* Jan.
Morris & Essex
4,817
75* Jan.
N. Y. Cent. & Hud.R.
1,634 112
Mch.
N.Y. Lake E. & West.
69,285
21* Jan.
do pref
3.600
37* Jan.
Northern Pacific t
34,052
16
Aug.
do
27,301
pref.t
44* Aug.
Ohio & Mississippi...
20,405
7% Jan.
Pacific Mail
38,540
10* Jan.
Panama
123
Jan.
-
.
do
Lowest.
55
May 21
9* Sept. 19
51* June
2
62% July 31
25 % Sept. 15
54* Sept. 15
93* Sept. 11
73 *2 Sept. 15
93
Aug. 12
38
64
| 84%
32* 55*
59% 79*
98* 122
23
2*
34*
41
10
21*
72*
38*
6*
59*
61*
16*
41*
87
4
12*
6
55* 71*
13
70* May 12 35
39
2 90* Jan. 27 58* 75
4
2
18* Sept. 19
7*
3 91
Aug. 6 67* 89
24 121* June 14 103% 115
4
2
29* May
J*
24* Sept.
51% 8ept.
30
4
13
54
18
22*
2 160
2 44*
2
2 '»*
2
60
15
8
5
M1 y
Sept.
Sept.
Aug.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
22*
38
6%
11*
12*
131
19
5
15
3*
19
4
17
4
19
19
23
16
31
13
44*
4* Mch 17
84* Sept. 17
43* Sept. 15
15*
7*
26*
4*
5*
1134
1*
1*
5*
3*
5
73
61*
12* 23*
75* 102
June 11
Range here given is from May 5.
t Range from July 30.
Total sales of the week in leiding
stocks were as follows.
Wabash
Sept. 13
“
“
15
16
“
17
“
18
19.....
“
St.
Paul.
North¬
west.
Lake
Sliore.
21,550
29,185
13,16v>
41,930
21,275
7.470
7,630
24,450
11,800
14,153
22,800
14,500
11,600
19,650
15,000
21,600
21.575
19,563
18,065
17,550
13,620
9,155
40,9uO
31',435
20,477
12,000
2,520
15,120
17,300
10,200
8,840
15,305
4,600
49 850
38,500
19,625
14,575
40,850
Total.
51,850 143,068 102,985 120,54 » 115,400 69 28 168,000
Whole stock. 160,000 154,042 149.886 524,000
212,u26 780,000 04.665
..
The total number of shares of stock
outstanding is given in the
last line for the purpose of
comparison.
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the
gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish
the
gross earnings from Jan. 1 to. and including, the period men¬
tioned in the second column.
-Latest eaminers reported.—» ^-Jan. 1 to latest date.—
Week or Mo.
1879.
1878.
1879.
1878.
Ala. Gt.Southern.June
Atch.Top. & S. E.lstwkSept
Atl. & Gt. West.. .July
Atlantic Miss.&0. July
Bur. C. Rap.&N.. 1stwkSept
$23,263
$20 950
$
125,500
99,772 3,845,018 2,404,076
358,105
307,188
138,224
127,441
853.710
889,251
34.985
29,66 L
919,626 1,022.642
Burl.&Mo.R.inN.July
104,069
79,688
966,757
814,769
Cairo &St.Louis.. 2d wk Aug.
6,010
4,793
142,513
137.980
Central Pacific...August
1,552,000 1,726,667 10,849,408 11,094,474
Ches. & Ohio.. ..August.... 215,945
180,337 1,202,136 1,234,015
Chicago & Alton. 1st wk Sept 137.623
lo7,6l2 3,440,588 3,108,359
Chic. Burl.&Q...July
993,823
946,427 7,504,062 7,364,218
......
.
53,630
28 i*,330
2*36*25*6
5,892.543
3,171,502
1,248,706
1,176,760
3.602.145
1,<'09,300
820,464
1,389,522
3,436,682
27,271
98,916
93.476
80,347
937,175
135,467
....
60
Prime bankers’ sterling bills on London
Good bankers’ and prime commercial...
Good commercial
Documentary commercial
Paris Cranes)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)..
Hamburg (reichmarks).
Frankfort (reichmarks)
883.648
2,3*65,235 1.7*39*1*59
1,973,561
1,060,673
1,113,658
1,927,215
1,146.589
7,664,792
7,131,666
175,333
97,769
198,446
126,791
1.' 64.535
18,196,964 16,988,670
1,595.103 1,47.,733
7,99S,1S9 6.653.145
337,765
313,432
2,813,035 2,605,312
1,801,493 1,887,735
909,799
79s,609
459,565
421,203
3 <2,833
349,775
202,816
174,573
IS 8,063
207,232
315,720
427,184
831,480
890,595
3,180,171
3,411.252
The
following
Sovereigns
are
Napoleons
3
X X Reichmarks. 4
X Guilders
3
Spau’h Doubloons..15
Mex. Doubloons...15
Fine silver bars
1
Fine gold bars..
4.81*?z 4 .S2*
4.80*3)4 .SI 5%
4.80 3)4 .80*
4.79*3)4 .80
5.27*3/5 ,24*
5.27*3/5, ,243s
5.27 * a 5 ,243s
3938® 39*
9338® 94
9338®
933q®
94
94
94
quotations in gold for various
.$4 82
83
72
93
55
50
12
3/$4 85
@ 3
@ 4
3) 4
3)15
3)15
3) 1
85
76
00
65
60
12*
par.,@*prem.
Demand.
days.
93*@
Bremen (reichmarks)
Berlin (reichmarks)
Dimes & * dimes
Silver *s and *3
Five francs
Mexican dollars.
4.83*3*4 84*
4.82*3)4 .*3*
4.82 3)4, ,82*
3)
.
5.25
5.25
®5. 21*
3)5. 21*
5.25 3)5. 21*
39%@ 40
94 3) 94*
94 @
94*
94 ® 94*
94 3)
94*
coins:
—
99*3 —par.
99 %@ —par.
92
3/ — w5
87 3> - 88
4 75 3) 4 80
English silver
PrUs. silv. thalers
68
3 — 70*
Trade dollars....
99*® — 99*
New silver dollars
99%a> par.
—
—
—
...
—
—
—
Boston Banks* •—The
banks for
following are the totals of the Boston
series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg.Clear.
a
%
April 7..
14..
21..
28..
May
5..
12..
19.
20..
June 2..
“
9..
“
10..
“
23..
“
80..
July
“
“
“
11,700
12,300
10,150
2,600
Del. L. St. L. I. N. Y. L.
& West. M. & So. E. & W.
19,003
5,751,922
2,921,768
1,157,423
146,637
572,827
103,062
September 19.
23*
4 112
21
4 116
7*
21*
5
19
19
16
12
22,953
Exchange.—There was increased firmness in exchange, early
in the week, on the smaller
supply of cotton bills than had been
expected and on account of a good demand from importers of
specie. But to-day there is less strength, and more cotton
exchange is in sight. For sterling, prime bankers' demand bills
sell at 4.*81% and
tjO-day bills at 4.8l4@4.82.
The quotations for foreign exchange
are as follows :
Range for
Prices since Jau. 1,1879.
1
&
35,859
185,039
83,618
117,363
86,987
Mobile & Ohio
August
104,600
114,979
Nashv.Ch.&St. L. August
142,182
129,859
N.Y.L.Ers&W..June ......1,230,419 1,258,988
E-«d.&Eli'»abetht.3d wk Aug.
6,710
6,953
Pad. & Memphis..3d wk
Aug.
3,0S8 ‘
3,763
Pennsylvania
.July
..2,782,906 2,536,733
Pliila. & *=•?:©
July
241,018
214,081
Phila. & Reading. July
1,303,522
937,721
3t.L.A.&T.H.(brs)lstwkSept 11,420
10,061
St.L. Iron Mt. AS.lstwk
Sept 142,673
8*,399
St. L. K. C. & No ..2d wk
Aug.
56,739
76,811
St. L. & San Frau. 2d wk
Sept.
47,000
26,300
St.L.&S.E.-St.L..1st wkSept
20,832
15.902
St. Paul & S.City. July
47,622
47,720
Scioto Valley
August
29,005
29,082
Sioux City & St.P. July
28,325
27,519
Southern Minn...July
50,:<92
53,201
Tol.Peoria&War .2dwkSepfc.
23,391
26,661
fTpioit Pacific
26dysAug 912.616 789 527
Wabash
2d wk Sept, 141,758
128,665
24
“
91.390
34,893
186,848
474,661
104,677
32,811
3,088
83.877
Mo. Kans. A Tex.. 2d wk
Sept.
26*
50*
24*
51%
21*
155
4,580
9«,580
37,317
172,290
..
Kan.O.St.J.& C B.July
Kansas Pacific....4tli wkj’ly
119
26*
49*
22*
50 X
....
do
(Iowa).. August
Tut. & Gt. North.. 1st wk
Sept
91
92*
58* 58*
83* 83*
17* 18*
91* 91*
51*
17* 17* 17* 17*
2U4 21*f, 2i* 2L* 21* 22*
fr* ««
Frank.&Kokomo.July
Gal. liar. &S. An. July :
Gal. Horst. & H.. August
Grand Trunk. Wk.end. Sep. 6
Gr’t Western. Wk.end. Sep.l2
Hannibal* St. Jo. 1st wkSept
Houst. & Tex. C.-July
Illinois Cen. (Ill.).. August....
45* 47%
51* 51*
8%
9*
49* 49%
120
....
20* 20* 20
50
50* 49*
20* 22* 22*
18 if
...
33* 30*|
24*
51*
120
-—Latest earnings reported.—,
Jan. 1 to latent dftte.Week or Mo.
1879,
1878
1879.
1878.
Chic. & East. Til..1st wk Sept $21,295
$17,312
$
Chic. Mil. & St. P.2d wk Sept. 228,000
160,740 5,992,000 5,764,485
Cliie.& Northwest August
1,347,000 1,266,460 9,613,529 9,487,936
Chic. St. P. & Min. 1 st wk Sept
23,530
20,838
684,906
585.745
Clev. Mt. V. <fc D..3d wk Aug.
7,005
6,883
234,178
227,863
Dakota Southern. July
14,529
19,194
118,328
124,301
Denv. <fc Rio G... Aug. 15-31
63.323
61,700
Denv.S.P’k& Pac. August
91,204
399*887
Dubuque.fe S.City. 1 st. wk Sept
18.480
18,055
532,532
633,597
■■
‘1
62;
51* 52
115
Illinois Cent...
Kansas Pacific
Lake Shore....
Louisv.&Nash
Mich. Central..
Mo. Kans. & T,
Mor. & Essex..
N. Y. C. & H. It. 120
N.Y. L.E. &\V. 26
do
pref.
Northern Pac.
do
pref.
Monday,
Sept. 15.
Tuesday
1
295
“
*
130,903,000
130,588,800
134,824,800
129,931,700
128,000,500
1..
Sept.
‘r
8..
15..
“
130,290,000
130,331,800
129,489,000
129,973,500
130,510,500
7..
11..
18..
25..
“
133.220.500
132,953,200
14..
21..
28..
Aug. 4..
“
$
139.001,100
138,300,400
137,409,400
134,192,600
127,890,500
128,035,500
129,138,000
130,578,100
131,174,200
129.447,200
127.747,900
127,793,200
3.640.200
3,084,300
3,655,800
3,027,700
3,000,100
3.583.200
3,556,100
3.577.700
3.503.400
3.948.500
3.559.400
3.557.700
3.547.400
3.585.200
3.620.400
3.590.900
8,572,000
3.567.500
3.561.200
3,490,300
3.474.900
3.531.200
3.304.200
3,347,600
4.717.100
*45,332.100
5.433.900 *45,858,600
5.590.800 *47,007,900
5.386.300 *46,772,700
5.354.200 *46.838,500
5.643.900 *46,854,900
5.159.100 *45,803,800
4,777,000 *44,409,300
4.375.200 *42,945,000
4,182,000 *43,340,700
4.180.900 *43,853,300
Philadelphia Banks.—The totals of the
fellows:
Loans.
Lawful
Money. Deposits
$
April
7
*
“
“
May
“
“
“
14
21
28
5...
12
19
26
June 2
“
“
“
“
July
“
“
9.;
16
23
30
7
14
21
28
Aug. 4
“
“
“
11
18
2
Sept.
1
‘r
8
“
25.827.800
26,014,200
20,215,000
20.230.200
26.299.600
20.228.800
20.218.400
26.309.200
20.437.800
20,509,000
20.704.100
26.675.100
20.578.300
26,640.000
26.915.300
20,538,700
26.572.500
26.635.200
26.700.600
26.749.800
26.832.100
26.981.400
27.117.800
27.197.500
44,676,942
47,207,392
51,036,677
47,978.840
50,505,511
50,552,817
48,456,247
46,516,810
44,033,227
51,329,031
49,413,570
45,176,053
47,775,068
51,738,637
47,866,112
49,241,607
43,383,417
43,253,354
43,813,373
48,193.104
51,820,024
44.612,5 6
47,305,866
44,938,820
Other than Government and banks, less Clearing House checks.
are as
“
$
4.294.700
64,221,500
3.805.800
63,371,000
3.483.700
62,998,000
3.827.800
60,252,400
3,803,000
60,023.900
4.194.300 *42,865.800
3.589.200 *44,103,900
3.105.800 *44,101,200
3.880.700 *43,895,000
4.168.200 *44,391,200
4,165 500 *43,997,000
4,118,400 *43,606.400
4,433,500 *44,795.300
15...
59,994,059
13,701,732
60,554.971
14,022,748
60,548,117
14,516,885
60,122,582
14,369,637
14,948.989
60,174,972
59,914,820
15,353,558
60,160,886
16,138,678
60,915.891
15,919,569
61,429,856
15,938,439
61,917,078
15,790,707
62,036,882
15,883,014
61,810,186
15,311,615
61,740,307
15,790,181
62,221,496 ’ 16,205,151
62,171,993
16,533,493
61,974,527
16.307,446
17,405,816
61,415,446
17,396,893
61,932,961
62,740,441
17,590,102
62 688.249
17,011,709
62.972,906
16,308,517
62.784.728
16,539,218
45,111,747
46,552,535
47,238,852
Philadelphia banki
Circulation.
S
11,520.122
11,509,940
11,516,236
11,508,643
Agg. Clear.
%
38.653,745
30,561,240
51,415,739
11,437,610
11.438.106
11,430,589
62 880.204
16 509.557
51,565,795
51,580,453
11,445.171
11.500.647
as,407,066
34,295,148
87,642,886
40,016,138
38.955,672
39,353,762
31,805,486
46,780,076
38,804,535
37.579,238
34,442,141
37,789,094
34,090,465
37,197,358
34,940,697
35,745,324
35,792,049
82,011,855
31,318,858
30,002,487
83.978,824
62,749,828
10,614,554
40,609,121
11,516,320
35.100,803
47,044,599
47,626,868
47,786,056
49,143,430
49,633,284
49,941,608
50.363,092
50.721,250
49,713,483
50,309,722
51,378,036
51,811,642
51,512,347
51,901,368
52,980,548
52,719,432
52,015,168
11,498,821
11,492,197
11,476,011
11,465,857
11,449,130
11,431,493
11,424,901
11,397.218
11.383.105
11,398,306
11,406,680
11,423,816
11,415,745
11,406,477
296
THE CHRONICLE,
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on Sept. 13, 1879 :
Capital. Loans
and
discounts.
$
S
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
People’s
North America..
Hanover
Irving
Metropolitan
....
Citizens’.'.
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
500,000
1.902.700
500,000
1,000,000
1,000,000
8.047,000
8,013,100
4.265.400
1.417.600
2,312,000
15.731,100
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
Grocers’
North River
Bast River
Manuf’rs & Mer.*
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
400,000
1,500,000
2,000,000
500,000
Net dep’ts
other
Circula¬
*
$
Tenders. than U. S.
$
8,272,20(1
2,000,000
5.491.400
2,050,000
6,3u0,
00'
2,000,000
6,726,000
2,000,000
4.190.800
1,200,000
9.367,200
3,000,000
3,011,000
1,000,000
6,041,900
1,000,000
2.899.100
1,000,000
1,601,80(1
600,000
300,000 11,109.300
3.730.400
1,000,000
3.488.300
1,000,000
1.287.600
300,000
1,140,000
300,000
846.700
200,000
2,675,000
600,000
881,800
300,000
1.762.700
800,000
5,000,000 13,335,000
5,000,000 13,158.000
4,911,900
1,000,000
3.443.500
1,000,000
2.234.100
422,700
3.931.500
1,500,000
3.112.600
450,000
1.392.300
412,500
1.827.300
700,000
5.887.800
1,000,000
2.453.300
500,000
3,000,000 12,804,000
1.553.600
600,000
1.944.300
1,000,000
2.309.700
500,000
300.000
Legal
Specie.
526.000
189,300
707.600
577.000
295.700
639.600
289,000
1,036,600
209,800
184.500
1,744,900
202,900
162.500
177.700
35,000’
16.400
200.400
63.700
113.400
1.359,000
1,262,500
372,100
366.600
68.800
91.200
106,000
52,600
83,000
622.700
*
l,383,e00
1,047,500
774,000
512.200
740.100
266,000
322,000
228.400
332,701)
1,869,500
605.100
354.600
8,030 000
1.860.600
1,085,100
980,000
781.400
1.933.500
811.400
1.356.500
9,712,000
9.38J.800
3.473.500
146,000
215,000
156.300
313.500
156,700
288.600
1,190,000
2,484.300
454.500
373.600
397.900
402,009
5,409
821,100
453.200
2,165,900
5.895.800
314.800
223.300
1.476.500
17,300
25,500
443,100
1.800.400
367.200
1.440.500
3,900
378.109
450,009
297.000
73.800
5.200
458,000
3.020.000
195,000
1.987.300
450,(K)9
1,042,000
175,000
4.045.500
133.400
295,000
106.600
22.800
18.200
19.000
1,005,600
1,041,800
46.400
270,000
2-304.009
313.109
9,752,000
2,485,009
246,7j9
1,716,000
4.709
1,229,000
2.182.009
486.000
3.472.600
4.200
103.900
165.900
100,000
3,200,000
308.500
15.003.600
83.800
1.000
869.400
71,400
2,000,000
8,195,000
2,340,000
1.125.300
440,000
3.071,500
1.347.000
220.000
441,000
559,000
1.175.400
347,000
1.500.300
925,000
eo.ooo
1.309.400
80,000
1.114.500
1.940,000
300,000
2.156.300
945,(>6(j
2.995,000
1.354.900
1.604.600
145,000
36.800
750,000
180,009
1.735.400
713,900
813,400
7.013.400
898.400
3,120,400
69.700
622.800
347.800
14.382.000
7.379.000
2,4u9.000
3.650.000
10.104.900
7.071.600
818.100
79.200
5,700
1.042,200
870.200
105,000
280,000
305.600
132.400
100.700
159.200
435.600
Allegheny County 5s, coup..
Allegheny City 7b, reg.
Pittsburg 4s,coup., 1913.....
do
5s, reg. & cp., 19U.
do
6b, gold, reg ••••••
7s, w’t’r ln,rg. &cn
do
,10 78, ttr.imp., reg., 33-86.
N. Jersey 6s, reg.and coup...
do
exempt, rg.& coup.
Camden County 6s, cohp
Camden City 6s, coupon
do
7s, reg. & coup
Delaware 6s. coupon.........
Harrisburg City 6s, coupon..
pref
do
pref.....
do
new pref ...........
Delaware & Bound Brook..,/
East Pennsylvania.
1,032,766
1,488,000
269,000
600,000
119,490
797.600
268,8O0
994.800
1.181.600
1.602.800
2.209.400
224.600
180,000
240,300
60,800,200 *56.060,400 19.876.900 39,481,100, 225,572.900 21,603.500
No report; same a* last week.
•
yra.Gen.* t ornk,lsf,7&,l»i)G
...
1*1*9% 120*
• • •
...
Pennsylvania 6s, coup., ’.910..
Schuylk. Nav.lst rn.6s.rg.,’97.
do
2d m. 6s, reg., 1907
do 68, boat*car,rg.,19’.3
do 7s, boat*car.rg.,l9.5
Susquehanna 6s, coup.. ;9.8 .*
...
....
...
*
•
•
•
•
• •
54
U7k
i
returns of previous week are as follows :
Dec., f426,400 I Net deposits
Dec. *1,062,700
inc..
1‘23,100 I Circulation
Inc..
231,200
Dec.
607,800 1
Loans and discounts
Specie....
Legal tenders
The following are the totals
1878.
Dec. 28...
1879.
Jan. 25...
Feb. 1...
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
8...
15...
21...
1...
8...
15...
22...
29...
Apr. 5...
Apr.
Apr.
Apr.
May
May
May
May
May
12...
19...
26...
3...
10...
17...
24...
81...
June 7...
June 14...
June 21...
Jane 28..
July 5..
July 12...
July
1!)..,
July 26...
2...
9...
AUg.
Aug. 16...
Aug.
Aug. 23...
Aug. 30...
Sept. 6...
Sept. 13...
Loans.
*
Specie.
$
lor a series of weeks past:
L. Tenders. Deposits. Circulation.
101k
93k
•
«
•
•"
• • •
235.824.400 20,514,109
40,707,000
234.416.200
238.241.400
53.599.600
54,048,800
51.135.400
48.334.800
45,377,000
42.651.800
40.593.800
39.173.400
242.280.200
244.186.500
244,007,000
246,716,900
247.674.200
246.324.500
243.839.800
240.458.500
235,83(5,600
230,442,5)00
231,151,300
231,0516,5)00
289.357.800
242,941,000
253,838,500
257.686.500
257.272.800
258,332,700
256,291,000
255.901.600
253.575.500
257.082,500
262,951,900
262.719.800
17.431.700
18.633.300
17.849.300
18,059,500
17.931.300
16,456,500
16.945.200
17,312,400
18.803.700
18,446,800
18,365,5X10
18,903,900
18,875,600
18,228,100
18.516.200
18,745,600
18,763,5X10
18.802.400
18.785.400
18,996,700
18.780.900
19.296.900
19.666.400
19.889.600
19,971.500
20,011,700
19.927.600
19,052,400
19,624,100
19,553,200
19,031,100
19,084,700
260.582.600
267.280.100
272,936,000
274,311,000
263.570.100
258,11X1,300
257.386.800
19,753,800
19.870.900
256.960,400
203,209,700
),5^6,7 00
19,
325,696,134
214.981.200
219.219.200
219.387.300
217.271.200
216,382,000
213.429.700
213,293,100
210.503.300
36.972.600 200.591.400
34.268.900 198.945.600
31.815.800 193.121.700
36.145.400 195.303.700
40.672.100 200,255,000
45.224.500 204.514.200
49.440.500 214.331.700
53,576,700 224.937.200
49.150.900 230.424.700
43.284.900 227.345.600
41.791.400 225,754,000
42.822.800 226.963.300
44.851.900 227.316.700
43.859.400 226,177.000
40.902.600 226.113.600
49.544.600 236.007,300
51.301.900 241,328,800
50.508.900 240.154.300
19.617.600 507,331,749
19.486.600 611,074,082
19.427.100 493,410,515
19.398.800 452,720,433
19.335.900 434,908,904
19.232.400 516,297,775
19,230,000 501,321,270
19.335.200 400,417,429
19.290.900 413,892,738
19.512.100 399.872.657
19.635.500 461.180.657
19,096,100 423,259,559
19.721.200 487,843,450
19,707,(‘*00 503,108,030
19.683.100 540,798,625
19,688,000 591,290,770
19.685.400 598.236.201
19.856.600 529,996,936
19.869.400 439,7 0,395
19.977.800 472,828,088
20,056,800 450,084,041
20.156.200 450,961,901
20.371.300 432,735,690
20.542.900 432.520,468
20.509.900 391,835,789
20.531.600 481.691.657
54.288.100 243.383,000 20.549.500 494,794,747
57.655.100 254.770.700 20.594.800 491.715.201
50.435.500 253.230.200 20.682.100 560,030,583
43,974,000 248.474.600 20.719.500 605,012,052
41.838.600 235.953.900 20.827.500 482,688,369
41,279,300 228.817.400 20.942.500 476,563,861
40,088,1X30 220.635.600 21.372.300 452,345,265
39.481.100 225.572.900 21.603.500 507.109,348
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
8KOUBITIKB.
BOSTON.
SKOUKITIKS.
Hartford & Erie 7s. new
Kau. City. St. Jo.&C. B. Ts.
New* York & New Eng. is
Ogdensburg & Lake Lti.Ss...
Maine 6s
New Hampshire 6s
Vermont 6s
.
...
Massachusetts58, gold...
Oid
Chicago
do
6s
Omaha & S. Western, 8s
Pueblo & Ark. Valley, 7s
Kutland 8s,1st mort
Boston 6s, currency
do
5s, gold
do
7s..
Municipal 7s
sewerage
..
Portland 6s
Atch. & Topeka 1st m.7s.
113
do
land gran t7e
do
2d 7s
do
lane Inc. 8s..
Boston
Albany 7s
do
•
6s
Boston & Lowell 7s
Boston & Lowell 6s ].
Boston & Maine 7s
Boston & Providence 7Burl. & Mo., land eraut 7s
do
Neb. 6s
do
Neb. 8b, 1883
Conn. & PasBumpslc, 7s, 189;
112%
110%
121
I!!*
111
121k
111k
108
...
116
io7
.
new.
79
..
33%
97 k
103% 103%
97ls
100
118% 119k
109 %
....
105
-i8
41
41k
30k
Lehigh Valley. ..
Little Schuylkill....
43%
43
...
•••
•
•
■
•
.
«
•
....
pref
5%
43%
48
50
.
Uinehlll
Nesquehonlng Valley
54
Vermont at Canada, new Ss..
Vermont*Mass. Itli.,6s.....
f
112
1
107
105 k,
90
Pennsylvania
42%
do
6s, exempt, 1887
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, iSSL quart
do
6s, • 886, J.* J........
do
6s, 189U, quarterly...
do
6s, park, 1690,Q.—M.
do
6s, 1893, M.&S
do
68,exempt,’3S.M.&S,
do
0s, 1900, Q — J
do
6s. 1902, J. &, J
do
5s, 19.6, new
Norfolk water, 8s
railroad stocks.
Par.
100
54% Balt.* Ohio
j
oo
istpr«f
do
2d
p
rt
f
45
do
Wash. Branch. 100
42%
do
Parkersb’g Br..50
50
17% Northern Central..
Western Maryland
50
•
•
•
Philadelphia* Erie
Piiiladetphia & Read ng
17k
Philadelphia* Trenton
Central Ohio,
50
Phtla.Wilming. & Baltimore
Pittsburg Tltusv. & Buff
"0% "ex Pittsburg & Connellsvllle..50
railroad bonds.
at. Paul & Duluth R.R. Com
15k
Balt. & Ohio 6s, 1880, J.&J....
do
do
pref. 42k
do
6s, 1885, A.&O.
United N. J. Companies...;.
147% 147k
N. W. Va. 3d m.,guar.,’85,J*J
West Chester consol, pref....
Plttsb.*
Conuellsv.78,’98,J*J
West Jersey
Northern Central 6s, ’85, »»&J
CANAL STOCKS.
do
6s, 1900, A.&O.
Chesapeuke * Delaware
do 6s, gld, 1900, J.&J.
Delaware Division
Cen. Ohio 6s, 1st m.,’90,M.& 8.
22“ 22% W. Md. 6s, 1st nL,
Lehigh Navigation
gr.,’90,J.*J.
Morns
do
1st in., .890, J. & J...
do
pref
—
do
2d m.,guar., J.&J....
Pennsylvania
..
do
2d m., pref
Schuylkill Navigation
do 2d m.,gr. by W.Co.J&J
do
pref...
do 6s, 3dm., guar., J.&J.
Susquehanna
Mar. * Cln. 7s, ’92, F. & A....
railroad binds.
do
2d, M. & N
do
Allegheny VaL.TiMOs, 1395
8s, 3d, J.&J
do
E.
7s,
ext.,1910
Union RR. 1st, guar., J. & J..
do
inc. 7s, end., ’94
do
Can.on endorsed.
37%
Belvidere Dela. 1st m.,6s,1902.
102
110
2dm. 6s.
do
do
3dm. 6s,’37..
Camden &Amboy 6s,coup,’83
do
6s, coup., ’89
do
mort. 6s, ’89—
Cam. & Atl. 1st m. 7s, g., 1903
2d m.,7s, cur., 1879
do
Cam. & Burlington Co. 6s,‘97.
Catawlssa 1st,7s, conv., V2...
do
chat, m., 10s,’88 ..
do
new 7s 1900
Connecting 6s, 1900-1904
Chartiers Val., 1st m. 7s,C.,190:
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7s, ’88
E1.& W’msport, 1st in., 7s, ’60.
do
5s,perp
47k; 48
18;
75
110
120
137k
7* k
110k
121
116k
Cheshire preferred
2«% 80
Chic. Clinton Dub. & Min....
50% 55%
Cin. Sandusky * Clev
«k
8%
Concord
80
(Connecticut River
142
142k
Passumpslc
40
43'->
18%
i8%
Fitchburg
.x ii7
Kan. City Top. A Western...
as
103
105
H2k
110
110
io7k!
107k
112
...
scrip....
103k 103k
6s, rg., 1910.
cons.m. 6j, rg., 1905
cons. in. 6s. cp., 1905. took
Navy Yard 6a, rg,’61
gen. m.
Pe n. ro 6s. reg
Perkiomen 1st m.6s,coup.,’9i
PhilStF* Erie ist in. 6s, cp.,’8i
do
2d in. 7s, cp.,’98
Phlla.&Read. 1st m.6s,’43-’44 101%
do
do
’48-.4P.
do
2d m., 7s, cp’., £; 115
do
deben., cp.,’Sir
do
do
cps. ot..
do
70
scrip, 1832.
Jn. m.7s, cp,18P6
do
do cons. m. 7s, cp..l9il..
cons. m.
In defaui+.
fi r'n-i +
'an
7s, rg.,1911..
+ Per share,
77 fun
ei
109
105
107
115
115
105
102
103
110
110
101
101
103
iisk
105k
101k
72k
!02k
87k
104
102k 102k
102
100k
+89k
77
102
100
32k
77k
ioi
35
115
32k '35*
100
107
112
104k
Louisv.C.&Lex. 1st m.78,’97+
115k
Louis.* Fr’k.,Louisv.ln,6s,’8 101
Loulsv. & Nashville—
Leb. Br. 6s, ’86
+ 102
102k
1st m. Leb. Br. Ex.,7s,’80-S5.+ 103
104
Lou.In.
do
6s, ’93...+ 101k 102k
Jefferson Mad. & Ind stock. 103k 104
,
do
107
102
102
102
102
+ 102
do
sjmc’l tax 6s of ’89.+ 102
Louisville rater 6s, Ce. 1907 +
105%
Jeff. M.&l.lstm. (i&M) 7s,’81+ 100
do
2dm.,7s
t 101%
do
1st mM7s, 1906....+ 113
...
*
104k
CINCINNATI.
Cincinnati 6s, icng
t
do
7s
...t
do
7-30s
;.+
do
South. RR. 7*30s.t
do
6s, gold.t
ton Co., O., 68. long...f
ao
7s, 1 to 5 yrs..t
do
7 & 7*30s, long.f
Cin.& Cov. Bridge st’k, pref.
Cin. Ham. & D. 1st m. 7s, ’80 +
do
2d m. 7s, ’851
Cln. Ham. & Ind., 7s, guar....
Cin. & Indiana 1st m. 7s
+
do
2d m. 7s,’77. +
Colum. & Xenia, 1st m. 7s, ’90
Dayton & Mich. 1st m. 7s, ’81+
do
* 2dm. 7s,’84.+
do
3d m. 7s, ’88+
Dayton & West. 1st m., ’81...+
do
1st m., 1905.+
do
1st m. 6s, 190.)
Ind. Cln. & Laf. ’.st m. 7s
do
(I.&C.) 1st m.7s,’88+
Little Miami 6s, ’83
+
Cin. Ham. & Dayton stock...
Columbus & Xenia stock
Harrisburg 1st mort 6s, ’83..
H. & B. T. 1st m. 7s, gold, ’90.
do
2d m. 7s, gold,’95.
do
3d m. cons. 7s,’95*,;
Ithaca* Athens 1st g d, is.,’SO
Junction 1st more. 6s, ’82....
do
2d mort. 68,1900
Lehigh Valley, lst,6s,cp.. 1898
do
do reg., 1893...
116
do 21 m. 7s, reg., 1910.. 119% 120
Dayton & Michigan stock....
do
8. p.c. st’k, guar
do
con. m., 6s,rg.,l923 ■06% 107
do
do
6s,< p.,19.3 106
106k Little Miami stock
Little Schuylkill, 1st m. 7s.V2
LOUISVILLE.
North. Penn. 1st m. 6s, cp.,*85.
110 k Louisville 7s
+
do
2d m. 78, cp., ’96.
118
do
6s,’82 to ’87
+
do gen. m. 7s, cp., 1903. 110
112
do
’97
6s,
to ’93
+
do gen. m. 7s, reg., 1903
do
water 6s,’87 to ’89 +
Oil Creek ist m. 7s, coup.,’82. 85
'87
water stock 6s,’97.+
do
plttsb. Tltusv. & B., 7s, cp.,’96 34
35
wharf 6s
do
Pa.& N.Y.C. & RR. 7s,l89d
Pennsylv., lstm., 6s, cp., ’80..
do
gen.m. 6s,cp.,19i0.
109
110
.t#1
..
iro
^Boston & Albany
iBoston & LoweP
Boston & Maine
Boston & Providence.......
Burlington* Mo. In Neb
ioo'k
...
STOCKS.
AtchPon & Topeka
At Jil o i & Nebraska
Conn. &
.
do
do
do
do
'80
*78
109
Norristown...
North Pennsylvania.
do
ll»=k
.
Eastern (Mass.)
Eastern (New Hampshire)...
do
7s...
Kan. City Top. & W.f 7s, 1st
do
do
7s. Inc
•
Colony, 7s
33%
...
.
Eastern, Mass., 4^e,
Fitchburg KR., 6s
Bid. Ask,
95
Maryland 6s, defense, J.& J...
....
....
Agg. Clear
109
109
102
109
_
The deviations from
105
lstm.7s, ’99
do m. conv. g., n-g.,’94
do mort. gold,’97....
do cons. m.7s, rg.,1911
Morris, boat loan, reg., i885..
...
...
85
CANAL BONDS.
••
...
80
35
Chesap. & Dela. 1st 6s, rg.,’8G
Delaware Division 6s, cp.,’78.
Lehigh Navlga. m., 6a, reg.,’84
do
mort. BR., rg ,’97
90
•
105
09% 100k
Western Penn. RR. 6s,op.!899 103k
do
6s P.B.,’96.
• ••
•
104
West Jersey 6e, deb,,coup.,’83 101
do
1st m. 6s, cp., ’96.
do
Williamsport......
do
pref..
Mt. Joy & Lancaster
Huntingdon* Broad Top...
do
Har. P.
do
....
L00% 102
tU7% 108
^8
Elmira *
do
do mort., 7s, 189*2-3
Phlla. WUm. & Balt. 6s, ’84 ...
Pltts.Cln.&St. L. 7s, cou.,lSOO
Shamokin V.& Pottsv. 7s, 1901
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s i907...
Sunb. Haz. & W.,lst m.,5s,’23
Sunbury & Erie l st m. 7s, ’97..
Texas & Pac. 1st m ,6s, g.,1905
do
cons m.,6s,g.,1905
do
lnc.&l. gr ,7s 1915
Union & Tltusv. 1st ra. 7s, ’90.
United N. J. cons. m. 6s, ’94..
Warren & F. 1st m.7s, ’96
West Chester cons. 7s, ’91
• •
..
358,009
156,900
39,
ifT^
Toik
cons.m.6s,e.1.1911.
7s, 1893*
do
7s, coup, off, ’93
Phil.* ii.Coal* Iron deb. 7s,92
do
deb. 7s. cps.ofl
BALTIMORE.
railroad stocks.t
Camden & Atlantic—
do
do
Catawlssa,....
Total
*
do 6s,n.,rg., prior to 9.
do 6s,n.,rg.,1395&ovet
780,300
1,100.309
525,009
309,409
37
Philadelphia, 5s reg..
do
6s, old, reg....
446,009
1,510,909
59%
19k
'
STATE AND CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp
do
5s, cur.,reg .... ...
do * 5s, new, reg., 1892-190
do
6s, 10-15, reg., lV77-’82
do
6s, 15-25, reg., 1882- 92
do
6s, In. Plane, reg.,18d
243.209
2.142.Q00
687.700
500,000
1,000,000
300,000
250,000
200,000
PHILADELPHIA.
59%
19%
1.18k
Bid. Ask
SBOUBITIBS.
do conv.
94’-
Pullma Palace Car.
Puenlo & Ark nsas
Btc.-Continued.
Phil.* R.
31%
Bgdensb. & L. Champlain ... 10% 17
do
pref.. 58
107% 108
Old Colony............
Portland Saco & Portsmouth 100%
782,800
2,700
472,409
37,609
142
104
Manchester * Lawrence....
Nashua * Lowell
31
New York* New England...
Northern of New Hampshire 85k
120
Norwich & Worcester
250,000
028.800
536,800
263,600
198.009
3.101.200
383.800
678.400
238.200
Bid. Ask.
SKOUBITIBS.
Rutland, preferred..........
Vermont* Massachusetts..
Worcester* Nashua
1,100
1.282.500
11,410,300
240,000
250,000
3.967,000
9.788.500
400
72,100
44,500
135,009
6.762.300
2,705,000
5,547,000
1.780.600
225 000
300,000
750,000
495,000
3,125.000
17.291.0C0
15.141.900
432.300
649.300
12.372.800
646,000
tion.
7.230.800
3.454.900
5.654.900
5,305,000
520.500
PHILlOUtPHlV,
140
Average amount of
Banks.
BIHTOV,
[VOL. XXIX.
ST.
H8kj
*35
!
70kj
109%
100k
LOUIS.
St. Louis 6s, long
+ 105
do
water 6s, gold
+1 100%
do
do
do
new.f 100k
do
bridge appr., g. 6s + 106k
do
renewal, gold, 6s.+ ll>0k
ao
sewer, g. 6s, *91-2-3.+ io0k
8t. Louis Co. new park,g.6s.+ L07k
do
cur. 7s
..+
+ And Internet.
September 20,
THE CHRONICLE.
1879,1
QUOTATIONS
U. S. Bonds and active Railroad Stocks
are
OF STOCKS AND
quoted
STATE
Bid.
SECURITIES.
Alabama—5s, 1883
5s, 1880
8s, 1880
8s, 1888
8s, Monte. & Eufaula RR.
8s, Ala. & Chatt. RR
Ask
8s of
8s of
Class
Class
Class
0s,
0s,
7s,
0s,
8s,
8s,
8s,
7s,
7s,
11
new
new floating debt
penitentiary
levee
...
do
do of 1875
of 1910
consolidated
small
Michigan—0s, 1883
7s, 1890
Missouri—0s, due 1882 or ’83
0s, due 1880
0s, due 1887
0s, due 1888
0s, due 1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal & St. Jo., 1880..
111
111
do
AND
Del. Lack. & West.- -2d
7s, convertible.
Railroad Stocks.
Chicago & Alton, pref..,
»«
ioi" ioi%
Clev. & Pittsburg, guar.
Dubuque & Sioux City
Harlem
Ind. Cin. & Laf
Keokuk & Des Moines/ * *
do
do
pref.
Manhattan
Marietta & Cin., 1st pref...
do
do
2d pref...
Mobile & Ohio, assented...
Nashville Chat. & St. Louis.
New Jersey Southern
N. Y. Elevated
N. Y. New Haven & Hartf.
Ohio & Mississippi pref
Pitts. Ft. W. & Cnic., guar,
do
do
spec’l.
Rensselaer & Saratoga
St. Louis Alton & T. H
do
do
pref.
Terre Haute & Indianapolis
United N. J. RR. & Canal
4i"
43"
i
do
do
do
1st Pa.
do
120* 122%
151
157
112"
....
id%
0"
22%
Coup., 7s,’94
Reg. 7s, ’94.
div., coup., 7s, 1917
reg., 7s, 1917
Albany & Susqueh., 1st m.
.
99%;
102%
102
103
104%
105
105%
100
100
101%
f, cp.,7s
do 2d,con.,f.cp.,5s,0s
Han. & St. Jos.—8s, conv...
Miscellaneous St’ks.
100% 100% Hous.& Tex. C—1st,
48%
if*
100
99"
Quicksilver
14%
13%
pref
Atlantic & Pacific Tel
American District Tel
Gold & Stock Telegraph....
Canton Co., Baltimore...
49
30
35%
...
49%
48%
American Coal
Consolidation Coal of Md..
22" 25"
150
4%
4%
80%
....
Pullman Palace Car
95
l.,7s
1st mort., West. Div., 7s..
*
Cleve. & Tol., sink. fund.
new
bonds
Cleve. P’ville & Ash., old.
do
new
Buffalo & Erie, new bds..
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st.
Det.Mon.& T., 1st, 7s,’1900
Lake Shore Div. bonds,
do
do
do
do
Railroad Bonds.
m.
1st mort., Waco & N., 7s..
2d C., Main line, 8s
2d Waco & N., 8s
Inc. and ind’y, 7s
Ill.Cent.—Dub.&Sioux C.lst
Dub. & Sioux C., 2d div...
Cedar F. & Minn., 1st m..
Lake Shore—
Mich S. & N. Ind., s. f., 7s.
do
3%
3%
cons,
cons,
cons,
coup., 1st
reg., 1st.,
coup., 2d.
cons. reg.. 2d
Louisv.& Nash.—Cons.m.,7s
2d mort., 7s, gold...
90
90%
Cecilian Branch, 7s
115
310
Nashv. & Decatur, 1st, 7s.
101
Marietta & Cin.—1st mort..
49% 49%
1st mort., sterling
35
110%
-
..
•
•
•
$.... 120
119
120
118% 120
114
*
113%
113
102%
....
104
t
•
.
...
St.Chas.B’dge,lst, 7s, 1008
-
-
f
•
106
118
.
f
-
»
.
-
t
.
103%
107
Coupon gold bonds
Registered gold bonds.
Iowa Midland, 1st in., 8s..
Galena & Chicago, exten.
..
Peninsula, 1st m., conv...
Chic. & Milwaukee, 1st m.
Winona & St. P., 1st m
113%
113%
107%
114
114
....
117" lid"
do
2dm.... 107
C. C. C. & Ind’s—1st, 7s, s. f. 110
Consol, mortgage
104
C. St. L. & N. O. Ten. lien 7s $100
do
do
1st con. 7s
90
...
115
104%
...
*
119
Prices nominal.
110
1st m., Carondelet Br...
South Pac. of Mo.—1st m.
Kansas Pac.—1st m.,0s,’95
1st m.,0s,’95,with cp.ctfs
1st m., 0s, ’90
do
with coup, ctfs
1st m., 7s, Leav. br., 90..
do
with coup,
do
.1
*
»
....
98
with coup,
114%
87"
ctfs
ctfs
do
with coup, ctfs
Inc. coup. No. 11 on 1910
Inc. coup. No. 10 on 1910
+ And accrued interest.
98%
119%
1st m., 7s,R.&L.G.D’d,99
do
with coup, ctfs
1st m., 7s, land gr’t, ’80..
2d mort., ’80
9
45
19
68
65
50
80
57
50
70
100%
90
108
95
idi*'
95
70
97
91%
Southern Securities.
..
Nashville—0s, old
6s,
new
New
Albany, N. Y.—0s, long....
Buffalo—Water, long
Chicago—0s, long dates
Orleans—Prem., 5s...
Consolidated, 6s
Railroad, 6s
100
113
+108
+118
Norfolk—0s
115
109
114
Detroit—Water works, 7s.. +113
Elizabeth City—Short
41
Long
Petersburg—0s
8s
Indianapolis—730s
+106
Island City
j Long
Newark City^-?s, long
Water, 7s, long
Oswego—7s
90"
m
74
#
+95
+109
+114%
+101
+112
+113
+111
+105
+111
Poughkeepsie—Water
Rochester—Water, 1903
730s
Yonkers—Water, 1903
Atlantic & Gulf—Consol
•
•
»
•
•
•
•
•
•
•
•
#
loo
in
118
'Js
.
2d
mortgage
»
52
59
38
14
9
73
101
91
25
f
67
94
70
90
E.Tenn.& Va.—6s,end.Tenn
E. Tenn. Va. &
Stock
Ga.—1st, 7s.
;
6s
106
100
80
50
87
2d mortgage, inc., 7s
47
hie. St. P.& M.—0s, g., new 103
Land grant, 0s, gold
92
Chic.& Southwest.—7s, guar 108
Cin. Lafayette & Ch.—1st m
75
Cin.& Spr.—1st, C.C.C.&I.,7s
96
1st m., g’d L. S. & M. S., 7s. 105
Col.& Hock.V.—1st,7s,30 yrs +106
1st, 7s, 10 years
+100
2d, 7s, 20 years
+100
Dan. Urb. B1.& P.—1st, 7s, g
63%
Denver Pac.—1st,7s,Id. gr.,
80
Erie & Pittsburg—1st m.,
100
Con. mortgage, 7s
102
7s, equipment
85
Evansv. & Crawfordsv.—7s. 102
Evansv. T.H. & Chic.—7s, g.
55
Flint & Pere M.—8s, I’d gr’t
95
Galv. Hous.& H.—7s, gld,’7l
80
Gr’nd R.&Ind.—lst,7s,l.g.gu 105
1st, 7s, Id. gr., not guar...
92
1st, ex land grant, 7s
70
»
Charl’te Col.& A.—Cons., 7s
Georgia RR.—7s
107
114
Stock
Greenville & Col.—7s, 1st
120
Macon & Aug.—2d, endors.
RAILROADS,
Hous.& Gt.N.—1st,7s,g..ctfs
Indianan. Bl. & W.—1st m..
Indiana Bl, Sc W.—1st m..
50
102
30
107
2d mortgage, 7s
East Tenn. & Georgia—6s..
115
115
80
80
24
30
24
100
101
112
100
69
Consol., end. by Savan’h..
Cunt. Georgia—Cons, m., 7s
Stock
102%
lison & P. Peak—0s, gld
Bost. & N. Y. Air-L—1st m,
Incomes
Stock
320
115
45
44
109
40
102
Hartford—0s, various
.
....
Interest bonds
Consol, bonds
Extension bonds
1st mortgage
income
....
*
,
t
89
60
87%
pref
7s, sewerage
Richmond—0s
7s, water
+114% 315% Savannnah—Cons., new, 5s.
7s, river improvement.... +113
105%
114
RAILROADS.
95
+112
Cleveland—7s, long
115
Ala.&Chat.—Rec’rs ctfs,var
95
....
•
83
28
CITIES.
....
•
m...
St.L.&SanF.—2dm.,class A
2d mortgage, class B
50
do
class C
54
St.L.&
64%
04%
S.E.—Cons., 7s, g.,’94
00
112
St.L. Vandalia& T.H.—1st m *107
ldo"
2d mortgage, guar
—
88
Scioto Val. 1st 7 p.c. s.f. bds +101
$95% 96
99
99% South Side (L. lj—1st mort
90
South Minn.—1st m.. 7s, ’88. 100
91%
1st
102%
102%
mortgage, 7s (pink)— 100
100
Extension
90
$.... 103% Tol. Can. S.& Det.—1st, 7s, g
60
312
112% Union & Logansport—7s
94
110
115
Union Pac., So. Br.—6s, gld.
90
2d con
Miscellaneous List.
114
105
102
-
•
75%
18
58
do
Peoria Pekin Sc J.—1st
29
40
58
*30
do
76" 79"
{Brokers' Quotations.y
....
•
....
*28%
75%
North Missouri, 1st m., 7s
St. L. Alton & T. H.—1st m.
2d mortgage,
do
New Jersey South’n—1st, 7s
N. Y. & Osw. Midl’d—1st m.
Rec. certif’8 not deposit’d
48*
•
$113" lid'
.
.
$113"
5
....
t
.
do
122
m.,
Rome Wat. & Og.—Con. 1st.
St. L.& Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St.L. K.C & N—R. E.& R.,7s
Omaha Diy., 1st mort.. 7s
....
.
121
m.,
80
47
gold.
....
.
.
2d
3d
& G.L.—1st, 7s, n.l
N. J. Midland—1st, 7s,
2d mort
128
....
....
„
85*'
....
....
.
84
84%
....
....
.
59
49
....
Metropolit’n Elev—1st,1908 102% 103
118
Mich. Cent.—Cons., 7s, 1902 118
119%
Income
305%
1st mort., 8s, 1882, s. f
110
110%
Sinking fund
107% 108%
Equipment
bonds
Joliet & Chicago, 1st m...
Mo.k.& T.—Cons.ass..l904-6 78
78%
Louis’a & Mo., 1st m., guar ioT~
2d mortgage, inc., 1911
34
34%
do
2d 7s, 1900.
H. & Cent. Mo., 1st., 1890.
110
St. L. Jack. & Chic., 1st m. $110 "
N. Y. Central—0s, 1883
105% 100%
Miss.Riv.Bridge,1st,s.1,0s $.... 100
Jd s, 1887
109
Chic. Bur. & Q.—8 p.c., 1st m 108
0s, real estate
104%
Consol, mort., 7s
120
;...
0s, subscription
104%
5s, sinking fund
$101
N. Y. C. & Hud., 1st m., cp. 123% 124%
Chic. Rk. I.& P.—0s, cp.,1917
114
do
1st m., reg. 123%
0s, 1917, registered
$113%
Huds. R., 7s, 2d m., s.f.,’85 110
Keok.& Des M., 1st, g., 5s.
95
06%
Canada South., 1st, int. g.
87
Central of N. J.—1st m., ’90.
113% 113%
120
Harlem, 1st m., 7s, coup.,
1st consolidated
do
1st m., 7s, reg—
125
do
assented.
99% 99% N. Y. Elevated—1st, 7s, 1900 111
Convertible
Ohio & Miss.—Consol, s. f’d 109% 110
do
assented
99% 99%
Consolidated
110%t
103
Adjustment, 1903
;
2d consolidated
100% 100%
Lehigh & W. B., con., g’d.. 100 105
1st m., Springfield div
35
do
assent’d
79% 80
Pacific Railroads—
Am. Dock & Impr. bonds
90
91
Central Pacific—Gold bds. 109% 109%
do
assented $88
San Joaquin Branch.... 101% 102%
unic.Mil.& St.P.—1st,8s,P.D 123
Cal. & Oregon, 1st
100
2d mort., 7 3-10, P. D...
State Aid bonds
100
1st m., 7s, $ gold, R. D.
112"
Land grant bonds
104%
1st m., La C. Div
112
Western Pacific bonds.. 103
1st m., I. & M
$.... 111
South. Pac. of Cal.—1st m. $80
1st m., I. & D
110
111
Union Pacific—1st mort.. 109% 109%
1st m., H. & D
Land grants,7s
114
1st m., C. & M
112% 113%
Sinking fund
111% 112%
Con. sinking fund
107%
$110
Registered, 8s
2d mortgage
Pacific RR. of Mo.—1st m. 103% 104'
1st m., 7s, I. & D. Ext
108"
2d mortgage
100
Chic. & Northw.—Sink f’d.
110
Income, 7s
.
58)s
122%
Belleville & So. Ill., 1st m.
(Brokers' Quotations.)
105% Tol. Peo. & W—1st m., E.D.
106
1st mortgage, W. D
STATES.
N. Carolina.—New 4s
110%
61
57
Burlington Div
2d mortgage, 1880
50
02
So.Carolina—Con., 0s (good)
87
111%
Consol., 7s, 1910
Rejected (best sort)
110
Pur. Com. rec’pts, 1st,E.D 109%
M.& S +103" 106'
Texas-08, 3892
do
7s, gold, 1802-1910 J.& J +111
1st, W.D. 108%
llg
73% 73%
do
113
Bur. Div.
7s, gold, 1904
J.& J +112
1st pref. inc. for 2d mort.
4 6”
10s, pension, 1894... J.& J
10O
+99
1st inc, for consol
72%
40
Virginia—New 10-40s
49% 50
304
103%
CITIES.
Tol.&Wab.—lstext.7s,ex cp. 107% 108%
105% 108
1st St. L. div.7s,ex mat.cp.
90% 97% Atlanta, Ga.—7s
99
102
2d mortgage ext., ex coup
93
104%
92
8s
no
105
43
40
Equipment bonds, 7s, 1883
Water works
102
98
106% lid"
Consol, conv. ex coupon. $85
85% Augusta, Ga.—7s, bonds...
110
104
Gt. Western, 1st m., ex cp $107
57
60
S. C.—Stock, 6s
Charleston,
94~
do 2d m.,7s,’93,ex cp
93"
91
7s, F.L
80
75
O. & Tol., 1st, 7s, ’90,ex cp
95
80
70
Columbus, Ga.—7s, bonds.
....1
I11.& So. Ia., 1st m.7s,ex cp
70
80
93%
Macon—Bonds, 7s
101% West. Un. Tel.—1900, coup. $113
314
20
Memphis—Bonds, C
114
1900, registered
113
Bonds, A and B
20
no %
Spring. Y’y W. Works, 1st 0s
Endorsed M. & C. RR
20
111
INCOME BONDS.
32
Compromise
Central of N. J., 1908.,
73
io" 15
Mobile—5s, coupons on....
Leh. & Wilkes B. Coal, 1888
ioi%
20
50% do"
8s, coupons on
14
113
118
St.L.I.M.&S.,lst 7s,pref .int.
25
71% 71%
6s, funded
20
do 2d int.,0s. accum’e
60
50
40
Montgomery—New 5s
Chic. St.L.& N. 0.,2d m.,1007
45’ 55
New 3s
40
20
...
.
do
do
104%
....
24
do
do
Erie—1st mort., extended.. 120%
3d mortgage, 7s, 1883. f.
105%
4th mortgage, 7s, 1880
105
5th mortgage, 7s, 1888
109
7s, cons., gold bonds, 1920
ex coup.,Sept.,’79 &
prev 111%
115
Long Dock bonds
Buff. N.Y.& E, 1st m., 1910 $117
N.Y.L.E.&W.,n.2d,con.,0s
81
Registered
m,
.
99
105
do
29
28
Small
110
do
4th mort...
Col. Chic. & I. C., 1st con..
do
2d con..
do Tr’t Co.ctfs.1st con
109%
-
con.,
2%
2%
2%
103%
Cleve.& Pitts., consol., s.f.
2d mort.. 107%
3d mort.. $100
1st con., guar $103%
123
Rens.& Saratoga, 1st,coup 120
125
do
1st, reg.
Denv.& R. Grande—1st,1900
96% 90%
1st,
1
Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st
$87
$87
$103
extended
27
27
28
28
28
....
125
niiH
2%
Big
30%
0s, new....
0s, new series
Yirgina—0s, ola
0s, new, 1800
14%
0s, new, 1807
0s, consol, bonds
3
0s, ex matured coupon..^
0s, consol., 2d series
0s, deferred
3" D. of Columbia—3’65s, 1924.
13%
13%
0s, 1880
Ask.
Non-fundable
.
class 2
class 3
do
Funding act, 1800
1889, J. & J...
1889, A.&O...
Land Com.,
do
7s of 1888
....
Ohio—0s, 1881
104
104
construct’n
7s of 1871.
1st con., g’d..
Del.& Hud.Canal—1st m.,’84
1st mortgage, 3891
do
0s, currency, int. deferred
Chicago & Alton—1st mort.
do
....
112
55
15
15
15
40
40
15
Tennessee—0s, old
Chatham RR
Special tax, class 1
....
Rhode Island—0s,coup.’93-9
South Carolina—0s
Jan. & July
April & Oct
24
24
7%
do
1808.
New bonds, J. & J
do
A.&O
Bid.
107
Funding act, 1800
do
do
do
..
Exchange Prices.
103
112
101
103
103
—
2d mort...
do
do
do
iF
8%
14%
9%
22%
22%
Securities.
MISCELLANEOUS STOCKS AND BONDS.
103% 103%
Den. Div. 0s ass. cp.ctf. 105% ,105% Montclair
91
do
Carolina—08, old,J&J
....
m.
Morris &Ess’x,b’nds, 1900
Burl. Cedar Rapids & No.,
>eake & Ohio
lo
do
1st prof,
do
2d pref.
do
Bost. H. & Erie—1st m...
1st mort., guar
Bur. Ced.R.& North.—1st,
Minn.& St. L., 1st, 7s, gu.„
Chesap.& O.—Pur. m’y fund
0s, gold, series B, int. def.
39
87
38%
Ask.
109
109
106
117
117
6s, old, A.&O
109%
90
....
Bid.
No. Car. RR., J. & J
do
'A .Sr. O
do
coup, off, J. &J.
do
coup, off, A.& O.
113
(Active previously quoted.)
A.lbany & Susquehanna
Boston & N. Y. Air L., pref.
North
15
1887..
do
RAILROAD
Stock
....
!
.
Pennsylvania Coal
Mariposa L’d & Mining Co.
do'
do
pref,
Ontario Silver Mining
Homestake Mining
Standard Cons. Gold Mining
SECURITIES.
New York—0s, gold, reg.,’87
0s, gold, coup., 1887
6s, loan! 1883.
6s, do 1891
6s, do 1892
6s, do 1893...:
...
Kentucky—0s
A, 2 to 5
B, 5s
C, 2 to 5
5
Arkansas—0s, funded
1
7s, L. Rock & Ft. Scott iss.
1
7s, Memp. & L. Rock RR
1
7s, L. RP.B.fc N. O. RR.
1
7s, Miss. O. & R. •* RR...
1
7s, Arkansas Central RR.
Connecticut—08...
105
Georgia—0s
7s, new
7s, endorsed
7s, gold
Illinois—0s,coupon, 1879... 100
do
100
Louisiana—0s
1892
1893
Adams Express
American Express
United States Express...
Wells, Fargo & Co
BONDS.
Bid/ Ask.
SECURITIES.
Illinois—War loan
.
BONDS IN NEW YORK.'
Prices represent the per cent value, whatever the par may be.
previous page.
on a
2*7
*
7s,
m.
guar....
Memphis* Cna’ston—1st,7s
2d, 7s
57% Mississippi Cent —1st m.,7s
2d mort., 8s
Miss. & Tenn.—1st m., 8s, A
1st mortgage, 8s, B
Mobile & Ohio—Sterling, 8s
110
Sterling, ex cert., 0s
83
8s, interest
2d mortgage, 8s
98
New 1st mortgage
85
89
52
-
lio
New debentures..
N. O. & Jacks.—1st m.,
8s.
Certificate, 2d mort., 8s.
102
66
90
104
104
90
105
65
102
90
„
.
95
77
93
55
01
42
10
12
78
103
Nashville Chat.* St. L.—7s.
1st, 0s, Tenn. & Pac. Br...
1st, 6s, McM.M.W.&Al.Br.
Norfolk & Petersb.—1st, 8s.
1st mortgage, 7s
2d
T
v
mortgage, 8s
Northeast., S. C.—1st m., 8s.
2d mortgage, 8s
Orange & Alex’a—lsts, 6s..
2ds, 6s
3ds, 8s
4ths, 8s
Rich.* Dan.—1st consol., 6s
Southw. Ga.—Conv., 7s, ’80.
Stock
S. Carolina RR.—1st m., 7s.
7s, 1902, non-enjoined
West Ala.—1st mort., 8s....
2d mort., 8s, guar
Indianapolis & St.L.—1st, 7s
Indianap.& Vine.—lst,7s, gr
PAST-DUE COUPONS.
International (Tex.)—1st, 7s
Tennesssee State coupons.
Int.
H.
&
Gt.
08%
South Carolina consol
No.—Conv., 8s
....I Jack.L.& S.—8s,
Virginia coupons
lst,“white”| +110 lii
79%; Long Island—1st mortgage J 105
do
consol, coupons../
100%
$.No price to-day; these are latest quotations made this week.
..
108
105
102
112
100
90
95%
67
29
95
103
95
95
40
109
109
20
80
90
00
25
32
28
105
104
115
72*
100
105
40
no
72
97
75
95
298
THE CHRONICLE.
NEW YORK
Bank
Companies.
Capital.
j Amount
SECURITIES.
Stock Lint.
Insurance Stock List.
1 IVIDENT
.Surplus
[Quotations by K. 8. Baaley. Broker,7Pine street.]
P*TCE.
8
latest,
at
**
03
Mark’d thus (*)
are npt Nat*.
LOCAL
dates. §
Period 1877. 1878.
America4.
100 3,000,000 1,285,00 J. & J.
8
Am.Exchange 100 5,000,000 1,214 400 M.&N.
54
100
Bowery
250,000 193,100 J. & J. 12
25 1,000,000 1,252.100 J. & J.
16
Broadway
Butchers'* Dr. 25
300,000
92 300 J. & J.
8
Central
f 100 2,000,000
346.90 i J. & J.
8
Chase
100
300,000
27,900
Chatham
25
450,000
0
166,600 J. & J.
Chemical
100
300,000 3.221 600 Bl-m’ly 100
Citizens’
25
600.000
167,600 J. & J.
04
100 1,000,000 1,4:1.000 M.&N.
City
30
Commerce
100 5,000,000 2.633 900 J. & J.
6
Continental.... 100 1,000,000 166,700 J. & J.
Corn Exch’ge*. 100 1,000,000
828.600 F.&A. 10
East River....
25
250,000
6o 800 J. & J.
64
11th Ward*.... 25
100,000
11,400 T. & J
Fifth
100
150,000
43,700 J. & J. io'
Fifth Avenue*. 100
100,000
130,0< 0
First
100
500,000 1.579,000 Q-J.
12
Fourth
100 3,1(00,000
967,900 J. & J.
64
Fulton
30
600,000 308 400 M.&N. 10
Gallatin....
50 1,000,000
671,2o0 A.& O.
7
German Am.*
75
750,000
52 400 F.& A.
German Exch.* 100
200,000
6
49,900 May.
Germania*
100
200,000
6
4M00 May.
July, ’70. 34 130
May, ’79. 3 110
iuly. ’79. 5
8
6
11
July, ’7J. 8
July. ’79. 3 103
Jmy, ’79. 34
16
7
iu
May,
8
Ju y.
y,
Ai6.
34 July,
July,
6
July,
July,
A
Grocers*
Hanover
Imp.* Traders’
Irving
Island City*...
Leather Manuf.
Manhattan*
Manuf.&Mer.*
25
30
100
100
50
f0
200,000
14,300 M.&N.
225,000
18,400 J. & J.
1,000,000 217,3-0 J. & J.
1,500,000 1,889,900 J. & J.
500,000 133.100 J. & J.
100,000
6.700 J. & J.
100
600.000 427,800 J. & J.
50 2,050,000 1,C 59.000 F. & A
20
100,000
8,800 J. & J.
Marine
100
400,000
Market
100
500,000
Mechanics’
25 2,000,000
Mech. Assoc’n. 50
500,000
Mech’lcs & Tr. 25
300,000
Mercantile
100 1,000,000
Merchants’.
50 2,000,000
Merchants’ Ex. 50 1,000,000
.
..
Murrav xiill*..
Nassau*
New York
N. Y. County..
N. T. N. ,t.xch.
Ninth
No. America*..
North River*.
Oriental*
Pac lie-...
F&ik
100I
970 tOO J. & J
3,000,tOO
24
7H
708,(t00
74
64
47.500
700,500
72,500
75.600
West Side*
M.&N.
6
74
169,900
211.500
Q-F.
54,000
82.2 0
.
.
11
12
6
10
6
337,200 F.&A.
64
64
125 800 F.& A.
53,100 J. & J.
81.900 I. & J.
238.300 J. & J.
41 200 J. & J
196,100 M.&N.
104,000 J. & J
269 400 J. & J.
660,000 M.&N.
104,7c0 J. & J.
3
10
10
7
7
3
.
1,200,000
200,000
V/Vl Ulliu
July',
Ul
V'
vl
Utile
V WUv
0
8
8
*
•
•
*
*
*
*
*
*
*
•
•
•
*
,lat
•
’79.
’78.
'79.
’79.
’79.
’79.
*70.
’79.
’79.
Jan.,
Ju y.
AUg.
u. V.
7
8
2
Ju y,
4
3
*
4
3
34
Ju y, ’79. 4
Juiy, ’79. 0
May, ’79. £4
4*
July, ’79.
July, ’79.
VI
*
*
“
....
120
SO
135
.
*
*
* *
*
*
4
3
34
It) JLVJ I «7« 1UI
80*
34
3
3
4
105
1U0
,
4
3
,
*
34 108
34
4
0
Brooklyn Gas Light Co
Citizens 'Gas Co IBklvn)
do
Jersey City & Hoboken
Manhattan
certificates
Mutual, N. Y
do
do
New York
Var.
Var.
A.&().
F.& A.
I. & J.
■I. & J.
U.& S
Vf. & s
25
Va
100
10
.
People’s (Brooklyn)
do
do
bonds
1,000
certificates.
Central of New York
Williamsburg
scrip
bonds
Var.
50
50
Var.
Metropolitan, Brooklyn
Municipal
do
25
20
1,000
scrip
-do
Amount. Period.
100
bonds
Niassan. Brooklyn
do
do
Par.
2,000,000
1,200,000
1,C00
315,000
50 1,850 000
20
750,000
50 4,000,000
100 2,500,000
Y
1,000,000
bonds
Metropolitan
do
German-Araer. 100
Germania
50
Globe
50
Greenwich...... 25
Guardian
Hamilton
Hanover
Hoffman
100
15
50
50
Home.,
Hope
100
25
Howard
50
100
20
Knickerboek*
40
,
Laiayette(Bkn
Lamar.. |
50
100
Lenox
25
Long Isl.fBkn.-
50
25
Manui.& Build 100
Manhattan
100
Mech.& Trad’rn
25
Mt*ch’lC8’(BkU) 50
Mercantile..
50
Merchants’
Montauk (Bkr)
Nassau (Bklyn)
50
People’s
50
Phenix (Bklyn
50
Produce Exch, 100
t»ri 11
100
100
5,000,000 Quar.
1,000,000 F.& A.
1,000,000 Var
700,000
4,000,000
1.000,000
300,000
300,000
M.&N.
M.&N.
f. & J.
M.&N.
J. & J.
466,000 F.& A.
1,000,000 Quar,
1,000,000 J. & J.
1,000,000 M. & N.
1,500,000
750 000 M. &N.
..
!
Rate
Date.
*
1st mortgage
Brooklyn City—stock
let mortgage
Broadway {Brooklyn)—stock.
Brooklyn A Hunter's Pt—stock.
1st mortgage bonds
Bushwick Av. (B'klyn)—stock..
Ventral Pk„ y.dk E. Hirer—stk.
Consolidated mortgage bonus
100
100
900,000 j. & J
094,000 J. & J
100
1,000
100
100
400,000 A.&O.
300,000 J. & J
500,000
1,800,000
1,000 1,200,000
Dry Dock, E. B. dk Battery— stk.
100 1,200.000
1st mortgage, cons’d
500&C
900,000
Eiyhth 4 venue—stock
100 1,000,000
1st mortgage
1,000
203,000
2dSf. it Gratia St
1st mortgage
terry—stock
Ventral Cross loion- stock.
1st mortgage.
Bonston, West st.ktPav.F'y—Btk
1st mortgage
Second Avenue—stock
3d mortgage
Cons. Convertible
Extension
Jtxth Avenue- stock
..
lit mortgage
third Avenue—stock
Ut
100
1,000
100
7
8
5
5
Ju
1,000
750,(XW M.&N.
415,000 J. & J.
2,000,000 J. & J.
600,000 T & V
950.00'! M.& N,
...
10
30
(20
40
31,194;76
203,802 In
119,904 14
2*0,935 30
179,80 ( 20
38,280 io
1(3,200,20
98,541120
165,652125
104.695 10
304,366 20
133,855 20
454,23 .
114,976
400,203
102,046
200 000
198,687
150,000
150,000
104,055
497,251
1,000,000
200,000
200,000
46,949
100
300,000
193,078
100
200,000
200.0 0
2rfl,P00
50
250,000
100
25
25
••
..
23,325
10
20
10
10
10
10
12
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
160 272
1 8,074 j 15
Jan., ’77. 4
July ’7s. 5
7y.l0
Ai g. ’70. 8
•
••
..
July.
July.
July,
Jan.,
Jan.,
’79.15
’70. 5
'79. 5
....
195
120
120
50
120
170
210
105
107
125
100
....
•
Ja..
’79. 5
July, ’79
174
124
10
10
20
210,962 16
101,565 10
403,362 20
10
10
14
10
12
10
20
0
July, ’79. 5
July, ’79 5
Jan., ’79. 5
July. ’79. 0
July, ’79. 5
July, ’70.10
July, ’79.10
July, ’79. 5
July, ’79. 5
.
,
•
.
’79. 5
’79. 0
’79. 4
’79.10
160
87
125
95
105
70
130
,,,•
00
180
105
90
130
73
140
100
170
.
•
••«
85
130
112
105
109
170
125
05
60
•
•
50
115
109
210
106
••«
•
102
160
110
July, ’79. 5
AUi !79. 0
t|.
70
125
100
155
165
70
120
108
Juiy, ’79. 5
Ju y, '79.10
July, ’79. 5
Jan.,
July.
Apl
July.
.
.
.
93
80
120
60
Jn y, ’79. 5
f
34,310 10
143,401 20
106,523 25
.
•%
•
120
140
175
115
150
80
120
50
80
100
60
125
160
45
120
’79. 3*.
’79 5
Ju y, ’79. 5
July, ’79. 34
Sept. '79 5
lujy, ’79.10
•
65
200
200
1«0
180
170
180
110
110
40
105
160
200
IOO
100
’79.10
’70.10
•
100
.
50
June
Ju y.
Ju y,
Aug.
76
115
...
10
10
10
10
10
10
20
5
10
10
10
10
10
12
10
20
20
10
10
12
20
10
20
10
20
40
July, ’78. 5
’78. 34
July. 79. 34
Ju y, ’79. 5
July.
174 July. ’79. 5
18
20
14
20
17
t
Bid. Ask.
13 40 Ju
y. ’70.6-83
20
Apl , ’79.10
10
July, ’70. 5
10
Aug. ’79. 5
15
iuly, 79. 74 115.
10
July, ’79 34 95
30
N’ne iuly, ’77. 5
100
11
July, *79. 5
110
July, ’70. 7
10
July, ’79. 5 130
22
July, ’79. 7 167
10
107
Ju y, ’79. 5
30
Ju y, ’79. 74 250
7
Ju y. ’79. 34 00
10
10
i20
.
Last Paid.
’79. 5
July. ’70. 5
N’ne July, ’77. 5
18
Jan.. ’79.10
14
N’ne
10
N’ne
io
12
11
12
11
10
30
20
30
20
20
12
20
20
20
20
18
12
20
20
15
34 v’ne
10
10
io
10
5
13
12
10
25
20
20
10
15$
16
9
10
10
11-55 1235 0-23
21,126
22,054 io
350,000
200,000
Over all liabilities,
Flgu
.
•
.
•
112
232
July, ’79. 0
ISO
Ju y. ’79.10
110
J u y, ’79. 0
120
110
115
July, ’79 5
Jan., ’77. 84 65
90
July, ’70. 5
70
July. ’79. 34 60
95
Ju y, ’70. 5
150' 165
July, ’79 10
•
•
• •
t.
.
,
.
....
....
100
Julv, ’79 8
70
Aug. ’79 5
J. lv, ’79. 34 110
111
July, ’70. 6
Au,. ’79. 34 70
July, ’79. 5
Ju v,
’79
5
July, ’79. 5
Au*
•
•
•
....
125
115
80
•
108
97
120
....
’79. 5
July, ’79.10
110
185
•• •
•
including re-insurance, capital and rcrip.
+ Inclusive
sign (—) Indicate extent of impai ment.
es with a minus
AUg
34 AUg
,
.
14 Juiy.
’79
[Quotations by Daniel A. Moran, Broker, 27 Pine Street.]
’7’79
1.382
Interest.
3
Ju’y. '79
34 May, ’7
4
St*
Rate.
v-ay, ’79
J*.
7
34
3
2
..
’70
Veto York:
Water stock.
18-li-63.
Croton water stock. .1845-51.
do
do
..1S32-60.
CrotoD Aqued’ct stock. 1865.
do
pipes and mains...
io
reservoir bonds
1397
July, ’79
\u
’79
July, ’79
34 July, ’79
24 May, ’79
3
u
e, ’J9
0
188S
.,
Central Paik bonds. .1853-57.
do
Dock bonds
..1353-65.
1870.
l'?r>.
186.V-6S.
(19
fio
H July, ’74
12
July, 79
60
J’lv.1900
iu y.
85
’84 101
34'Aug. 79 130
7
'Jov., ’8)1102
3
3
7
£4
7
2
7
6
7
6
7
J u y, ’70 135
Arr. ’79 95
100
1888
85
July. ’79 41
D^. .1902 95
AUg. ’79
lu
’93
July, ”*9
•J»’ ., ’84
May, ’78
Apr., ’93
e,
«8
105
100
100
140
105
20
90
65
102
140
110
150
100
102
Impi }veine»tstock.... 1869
do
lo
Consolidated bonds
Street imp. stock
do
do
New Consolidated
45
18t>9.
var.
var.
var.
5
5
6
6
7
6
5
6
7
6
7
6
7
6 g.
6
7
6 g.
7
Price.
Bonds
Months-Payable.
Feb., May Aug.& Nov.
1880
1890
1883-1890
1884-1011
May & November.
1884-1900
Feb.,May, Aug.& Nov. 1907-1911
do
do
1898
do
do
1805
1901
May & November.
1898
May & November.
1894-1897
do
do
1889
do
do
1879-1890
do
do
1901
do
do
1888
do
do
1879-1882
1896
January & July.
do
do
1894
do
do
do
do
do
do
Bid. Ask
due.
.
100
104
104
106
110
109
108
108
123
107
118
107
102
113
98
108
do
P .rk bonds
Water loan bonds
..
stocks, but the date of maturity of bond
112
-
109
109
128
109
119
108
102
113
1024
116
115
105
105
US’
118
119
1
ern’t—
•«•••••
....
Bridge bonds
Waier loan
City oonas
..
Kings Co. bonds
do
do
Park bon ds
*
7
7
7
7
7
6
6
7
0
Brldg-..
Brooklyn bonds flat.
Jatuary & July,
do
do
do
do
ao
do
do
do
do
do
do
do
May & November.
do
do
Januarv a Jnlv.
do
do’
1879-1880 101
1881-18951J02
i915-1924!125
1900-1924 120
1904 1912
1890-1905.
1881-1895
1880-18*3
1880-1885
1924
1907-1910
121
110
•All
Sewerage bonds
1866-69
Assessment bonds... 1870-71
Improvement bonds
115
114
■
—
Jermcy Ucty —
1889-71
108
107
.
[Quotations by C. Zabbiskik, 47 Montgomery St., Jersey City.]
Watei loan .long
do
103
111
128
125
1£7
114
*024 HI
lu3
101
112
110
,
ug. ’79
101
105
107
112
124
[Questions by N. T. Bkrrs, Jr., Broker, 1 New st.]
Brooklyn—Local La
City bonds**•••>•».«
’85
May, ’88
Sept. ’8M«y. ’77
Ju’y, ’9(i
AUg., ’79
July, *90
....
Westchester County
*2%
xpr., ’78
Apr
O
City Securities.
e. ’79
July, ’94
2,000,000 Q-F.
94,260
Williamsb'gC
scrip.
Feb., ’78
74 July, ’7a
J. & J.
Q.-F.
A.&O.
1.000 1,050,000; M.&N.
00&C.
200,000 A.&o.
100
500,000
Westchester.
*
1898
Nov.lbdl
Jtoenlv-ihlra Street—stoeg...
100
1st mortgage
1.000
•
Tills column shows last dividend on
.
569
25
10
.
May, ’70
24 July, ’79
M.&N.
100
..
Q-F.
100
500
100
1,000
mortgage
J.&D.
J.&D
J. & -i.
J & J.
748,000 M.&N.
23(5,000 A.&O.
600,000
200,000
250,000
500,000
1,199,500
1,000
150,000
1,000
.
jV& j!
1 0.000
200,000
200,000
300,000
200,000
200,000
300,000
250,0"0
800,• 00
Sterling
18
5
25
,12-50
20
14
15
15
12 '
10
12
14
10
N’n?
10
20
20
20
20
10-72
12
Price.
5
7
2,100,000 Q-J.
1,000 1,500,000 J.&D.
10
2,000,000 Q-F.
1,000
300,000 M.&N.
100
200,000 Q—T.
339,629
£4,638
Market stock
1,000
200.000
500,000
100
25
Stuyvesant...
Tradesmen’s....
[Quotations by H. L. Grant, Broker, 145
Broadway.]
BU6Ck.tr St. Pulton terry—stk.
1st mortgage
Broaiway dk Seventh Ave—Btk..
500,000
200,000
73,673
147,083
82x,f 47
703,104
124,936
200,000
200,000
St. Nicholas...,
25
Standard
50
Star
100
Bid. Ask.
68,253
300,0 0
50
Republic
135.882
200,000
200,000
200,000
210,000
50
National
374
N. Y. Equitable 35
New York Fire 100
N. V. & BostOi 100
New York Lily 100
Niagara
50
North Elver.... 25
Pacific
25
K 0
Park
Peter Cooper... 20
Riagewood
Rutgers’
Safeguard
...
200.000
204,000
150,000
150,000
200,000
300,000
200,000
250,000:
200,000
150,000
200,000
200,000
50
....
174
200,000
86,070
7,453
200,000
200,010 +288,638
1SS.0-I0
150,000
3,420
280,000
143,113
150,000
9-1,141
200,000
35,537
150,000
200,000 260,704
30
Kings Co.(Bkn)
20
28,078
200,000
150,000 127.694
500,000 639,569
56,883
200,000
3,000,000 1,179,594
50
Importers’* T..
5
84
163.191
145,144
1,000,000
10
15
15
10
4
10
20
20
20
398,757
298,201
191,692
4i-3,' 81
300,000
-1,422
200,000
100,780
1,000,000 1,040,755
300,000 531.870
200,000
80,008
200,010
105,240
100
United States..
Companies.
Harlem
..
Relief
145
l lie -Lt ttblUilai
210,000
250,000
.
*
3
17
10
10
Lorillard
3
,
50
Irving
£v-|g
79.
j
ly. ’70.
July, ’79.
Jan
’79.
July, ’74.
d Au
’70.
Aug. ’79.
3
July, ’78.
9
July, ’79.
10
iuly, ’79.
6
July, 79.
7
May, ’79.
3
/an., ’78.
^4 July, ’70.
10
May, ’79.
8
July, ’70.
Farragut
Ftremen’s
Fireman’s Fund
Firemen’s Tr
e ranklli &Kii'P
Jefferson
04
124
153.000
800,000
Empire City.... 100
Exchange
30
1014
110
131
80
July, ’77
J u’y, ’79.
J uly, ’79.
10
6
8
6
*
34
Ju.y, ’79.
io
*
4
’79.
g
*
300,000
200,000
100
30
50
...
68,826
200,000
200,000
Continental.... 100
40
Eagle
34 130
24
4
Juiy,
2
Mil),
Juiy, ’70. £4
6
May, ’79. 3,
64 Juiy, ’79 34
Ju.y, ’70. 24
July, ’70. 34
10
12
5
7
8
8
*
50
25
25
17
20
70
Clinton
Columbia
Commercial
July, ’79.
July,
Atlantic
Bowery
Broadway
Brooklyn
City
*
**
Gas and City Railroad Stocks
and Bonds.
[Gas Quotations by George H.
Prentiss, Broker, 24 Broad Street.]
Gas
|i*
8
8
3
6
58 700
of same date for the State
banks.
I:
.
309,500 J. & J.
158,300 ). & J.
153,100 J. & J.
1,COO,000
1,000,000
°
»
io
.
J & J.
J. & J.
F. & A.
J. & J
1. & J
J. & J.
J. & J.
71 000
800,000
40
50
100
7
14
8
3
It
8
6
80,7(0
*
Union
May,
9
.
.
....
Tradesmen's...
6
#
•
*
July,
68.70U M.&N.
78,000 M.&N.
179,50 1 M &N.
.
State of N. Y.. 100
Third
100
May,
May,
J
14 (400 J. & J.
57.000 1. & J.
842,6''0 J & J
100,000
100 1,000,000
100 2,000.000
100
200,000
1001 300,000
100
750,000
70
700,000
so
240,000
25
300,000
50
422,700
100 2,000,000
People’s*
25
412,500
Phenix
20 1.000,000
Produce*
50
125,0< 0
Republic
100 1,500,00(1
St. Nicholas... 100
500,• 00
Seventh vVard. 100
300,000
Second
100; 300,000
Shoe & Leather 100;
500,000
Sixth
100
200,000
•••
5
10 J,900 J. & J.
100J 300,000
100
6.4
12
8
,
.-Ml/.
288,800 J. & J.
...
Metropolis*.
Metropolitan
7
3
7
14
8
pi
*
•
200,000
100
Citizens’
*
*
*
May,
9
*
1877. 1878.
200,000
4.677
200,000 -10,944
400,000 +460, 9
American
50
American Excb ioo
A.mity
1879.*
Amount
25
100
Dividends.
Surplus,
July 1,
Companies.
Adriatic...
MUX*.
♦ *
*
*
Ju.y,
12
6
10
7
*
...
u
10
•
*
1Q34
•
y,
JO
*
*
’79. 3
100
79. 15
’79. 3
’79. 5
79. 4
79. 34 103
101
’79.
lo5
145
’79 34
’70. H
’79. 3
225
*79. 5
475
*79 3
’79. 34
’79. 34
’79. 24
’79
’77. 0
'79. 3
103
*77. 3
’79. 34 1004
July,
6
.
*
*
July,
0
100
....
•
*
Net
Capital.
Bid. Ask.
Last Paid.
at
Greenwich*..,.
[Vol. XXIX.
.
.
.
.
0
7
7
7
7
7
January & July.
January & Juiy.
1895
97
1899 1902 133
do
do
1878-1879 97
Jan^May, July & Nov. 1878-7879 97
J. & J. and J & D.
180' 94
97
Januarv and Jnlv
97
j
September 20,
THE CHRONICLE.
1879 ]
299Grand
Jrurestm^wts
AND
STATE, CITY AND CORPORATION FINANCES.
Rapids & Indiana.
(For the year ending December 31,1878.)
The annual report of this company is issued at a
date. For last year the report shows the following:
1878.
Passengers carried
The Investors* Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers of the
No single copies of the Supplement are sold at the
Chronicle.
office,
as
only
subscribers.
a
sufficient number is printed to supply regular
One number of the Supplement, however, is bound
Financial Review (Annual), and can be purchased
up with The
in that shape.
Passenger mileage
Tons freight carried
Tonnage mileage
15,184,660
14,077,<>3Ct*'
338,57$.
35,633,459r
383,310
42,437,701
receipt per passenger per mile
mile, 1*65 cents.
The earnings for the year were as follows:
ton
Total
\For the
year
ending May 31, 1879.)
Net
2*80 center,
1878.
1877*
$425,882
$391,950-
699,557
75,189
622,007
83,14$'
$1,200,629
$1,097,107
958,170
748,367
Expenses
Texas & Pacific.
was
per
Freight
Express, mail, &c.
REPORTS.
1877:
473,97T'
The average
per
lata?
509,326
Passenger
ANNUAL
very
$242,458
earnings
$348,745;*
Payments from net earnings are reported as follows:
substantially the same in mileage. The
$4,24$“
Shreveport, La., to Fort Worth, Texas, 219*69 Construction
233,860s
paid on unguaranteed bonds, &c
miles; from Marshall to Texarkana Junction, 69*05 miles, and Interest
Interest on Cinciunati Richmond & Fort Wayne bonds
26,980s
the Trans-continental Division, from Texarkana to Sherman,
155*12 miles. There are 40*71 miles of sidings, 1*27 miles
Total
$265,084L
having been added during the year.
The total interest account for the year was $514,997, the *
The equipment consists of 49 engines; 26 passenger, 2 com¬
bination, and 13 baggage, mail and express cars; 483 box, 160 deficiency being met by the Pennsylvania Railroad Company a$
stock, 288 flat, and 31 caboose cars; 1 directors’ car, 6 boarding, guarantor.
CINCINNATI RICHMOND & FORT WAYNE.
2 wrecking, and 2 pile-driver cars.
This road is leased and has $1,800,000 first mortgage bonds*
The general account (condensed) is as follows :
interest
on which is guaranteed jointly by the Grand Rapids &...
Stock
$6,996,000
Bonded debt
19,286,264 Indiana Company, lessee, the Pennsylvania Railroad Company
71,040 and the Cincinnati Hamilton & Dayton. Advances by the
Sinking fund, first mortgage bonds
June coupons
96,490
587,097 guarantors up to December 31, 1878, amounted to $505,635, or Special loans running one to five years.
29,320 which $176,918 was due to the lessee; $177,477 to the Pennsyl¬
Replacement of equipment
Land accounts
60,640 vania, and $149,912 to the Cincinnati Hamilton & Dayton.
547.995
Bills and accounts payable
The earnings for the year were as follows :
Balance of income account
105,380
The road remained
lines
are
from
.
,
Total
Construction (including cost of survey and
location of entire line to San Diego)
$26,638,713
$27,770,228
431,737
126,160
Stocks, bonds, &c
Suspense account
Land accounts
302,246
271,369— $27,770,228
Cash, materials and receivables
Gross
earnings
1878.
1877.
$286,52$.
$304,510
-
215,762
Expenses
198,314
Net earnings
$88,747
$88,214
The interest on bonds amounted to $127,301; on amount dueguarantor, $27,842; total, $155,143; showing a deficit of $66,395,.
which was met by further advances from the guarantor com¬
The bonded debt consists of $3,552,000 first mortgage,
panies.
$7,548,000 consolidated, $6,994,000 income and land grant, and
Connecticut & Passumpsic Rivers.
$773,000 old land grant bonds, with $131,915 funded coupons
©f the last-named issue; $185,366 Texas school fund loan;
(For the year ending June 30,1879.)
$95,997 bond scrip, and $5,985 interest scrip.
The report for the last fiscal year gives the traffic, earnings*,
The traffic for the year was as follows :
and expenses as follows :
245,112
15,004,800
388,967
51,022,434
Of the tonnage moved, 26*29 per cent was lumber, 16*17 per
cent cotton ana 10*60 per cent live stock; cotton carried was
247,972 bales, an increase of 15*63 per cent. The loss of traffic
chiefly in lumber and stock.
The earnings for the year were
was
Passengers
Freight
Express, mail, etc
Total
Expenses
Net earnings
Per cent of expenses
as
follows
:
1878-79.
1877-78.
$456,576
1,582,925
96,641
$592,694
1,660,645
77,971
$2,136,143
$2,331,310
1,397,513
1,448,439
$738,629
65*42
$882,870
62*13
earnings was due chiefly to the stoppage of traffic
by rigid quarantine regulations and the cessation of immigration
into Texas—owing to the yellow fever excitement, the same
causes affecting the freight traffic, largely through cessation of
demand for lumber. There was also a falling off in live-stock
and general merchandise.
Expenses were increased by the necessity of keeping up
passenger-train service in spite of loss of traffic, and by large
renewals. There were 1,760 tons of steel rails, 141,700 new ties,
and a large amount of other material, put in the track; the
work of ballasting was continued. Much was done in renewing
and improving bridges, filling in trestles, and similar work. The
on the road were fully maintained and many
ments made.
The income account (condensed) was as follows:
buildings
Balance, May 31,1878
Less sinking fund, old interest, etc
Net balance
Total
Interest
improve¬
$37^,218
159,384
$216,834
:
Expenses of road
Legal expenses, premium, taxes, etc
2,136,143
The land grant of
The
135,494
4,400,575
136,115
8,574,448
earnings for the year were as follows
Passengers
Freight
—
1877-78*
133,30$
4,464,983
131,92$
8,179,341
:
1878-79.
1878-77
$194,276
$201,03(fc
311,02$
28,82$
17,732
294,477
26,168
10,022
$524,945
Total
324.447
Expenses
Net earnings
Per cent of expenses
$200,497
-
61*80
$558,612336,021
$222,590“
60*1$
Earnings have been diminished by loss of passenger business*-.
and low rates.
The income account
was as
follows
:
$200,497
Net earnings, as above
Interest received
Total
Interest on bonds and notes
Interest on Massawippi bonds
Dividends on stock
Dividends on Massawippi stock
19,196-
»
e
—.
—
■
■■
■
$219,694
$100,782
24,000
65,184
..
12,000
201,966:
$17,728-'
87,67D»
Surplus for the year
Surplus as per last report
surplus, July 1,1879
$105,39$
There were used in renewals 404 tons iron rails, 201 tons steel .'
rails and 57,889 new ties; 6,166 rails were repaired and relaid*
One engine and two passenger cars were added, and the equip¬
ment generally improved in condition. The road and bridges,
Total
.
were
kept in thorough repair. It is recommended that
$100,000 be borrowed for the purpose of buying steel rails^
The report says : “ The Southeastern Railway, from which.,
we expected so much years ago, and which
much loss and unpleasant controversy, has
other hands and is now being put into first
has caused
us so.
lately passed into
rate condition, and
$2,352,978
$1,397,513
1,200 tons of steel rails will be laid in the track this season^
137,665
712,417
2,247,597
Balance, May 31,1879
Passengers carried
Passenger mileage
Tons freight carried
Tonnage mileage
Mails and express
Rents
The loss in
Grops earnings
1878-79.
1877-78.
191,958
11,651,044
379,125
50,723,818
i
1878-79.
Passengers carried
Passenger mileage.
Tons freight carried
Tonnage mileage
$105,380
Our relations with that road at the present time are of the.,
most friendly nature, and we feel confident will continue both
pleasant and advantageous.
“In order to effect the extension of our line into Montreal,
the company amounts, so far, to 5,491,702 independent of the Central Vermont and Grand Trunk rail¬
of this 640,000 acres were transferred in trust, but ways, whose charges to us were such as to virtually preclude probably 80,000 acres will be returned. Sales for the year our doing any freight business, it was necessary that the Mon- amounted to $31,222; cash receipts on land account were treal Portland & Boston Railway should be completed between
$28,685, besides $5,249 in bills payable. Expenses of land West Farnham and Longuei!; and in view of the importance of department were $28,005 for the year.
securing this independent line, the directors did not hesitate te
acres;
-
300
THE CHRONICLE.
authorize the
obtaining control of the Montreal Portland
Boston road, and the expenditure
necessary
That road has been finished to
&
to complete it.
Longueil, opposite the city of
Montreal, and our cars are now running from Boston to Lon¬
gueil and by ferry across the St. Lawrence River to Montreal,
thus avoiding the unwarrantable
charges and delays which
we have been subject to
heretofore, and will enable us to make
a popular line between Boston and
Montreal.
“
Arrangements are agreed upon whereby the Southeastern
road will operate the whole line between
Newport and Mon¬
treal. By this arrangement we shall receive interest
on the
money invested, and at the same time secure to our road the
benefit of the additional business
developed.”
The general account
(condensed) is as follows
$2,175,700
1,388,500
233,000
30,883
105,398
330,375
Earnings....
Reserve
Total
$3,447,825
Missisquci & Clyde Rivers bonds
Mt. Washington stock
Montreal Portland & Boston Railroad
.
Raymond, in trust
Cash, materials and receivables
No additions
account.
were
and notes $60,000
made to construction
The annual report
ending Jane 30, 1879.)
supplies the following figures
year
earnings for the
:
1877-78.
41,081
69,133
70,503
73,491
year were as follows :
1878-79.
Passengers
1877-78.
$97,580
Freight
$100,828
193,517
19,421
7,372
202,4S7
17,604
12,590
Mail and express
Miscellaneous
Total
$330,262
Expenses
Net
“
'
206,892
earnings
Per cent of expenses
paid-up securities....
$87,456,481
1,882,000—
was an
increase
on
ordinary share capital of $6,524,082;
.
1876-77.
3,258*4
3,583
23*e
747%
2,7831-3
2,765*4
25*2
16
63
13
70
-6,671
6,671
6,001
309
91
143
63
334
81
126
58
981
14
462
35
294
.
Length of sidings
“
198,705
“
overhead bridges
“
.
junctions
with branch lines
engines owned
engines hired
“
“
Georgia and Central
crossings, not guarded
crossings of other railways
junctions with other railways
“
61-87
1877-78.
.
Number of grain elevators
“
road crossings, guarded
$321,140
$122,435
“
“
“
“
“
“
.
-
1,038
12
first-class cars owned
496
first-class cars hired
34
second-class and immigrant cars owned
d
308
second-class and immigrant cars hired..
baggage, mail and express cars owned..!
271
baggage, mail and express cars hired
4
cattle and box freight-cars owned
13,364
cattle and box freight-cars hired
1,593
platform cars owned
6,641
..
“
.
“
:
.
“
Net earnings
Interest account
$5,628
per cent
85,574,481
$360,617,186
This
Miles laid with iron rails
Miles laid with steel rails...;
Miles laid with wooden rails
earnings.
Dividends, 8
2,229,639
8,513,613
2,730.000
818,750
7,224,578
^..
road
62-64
The result of the year was as follows
$65,939,900
The nominal capital for each mile of
railway is $45,995,which,
as Mr. Brydges observes, is much
larger than the actual cash
cost of railways.
“
The following table shows the
mileage of steel and iron rails
and the equipment of the various
railways, as compared with
what was reported in the previous
year:
tracks, which last year was $6,166. The expenses also include
$22,000 for new steel and iron rails in excess of annual
wear,
and about $5,000 for new
equipment; deducting these payments
for improvements, the current
expenses were 54^ per cent of
gross
$275,042,705
Dominion Government
“
$123,370
Included in expenses is the rental of the
83,710,933
Amount of aid from—
Less included in
69,155.683
......
“
1878-79.
39,662
74,885
Passengers carried
$122,176 083
Preference capital
Bonded debt..
year.
TRAFFIC FOR THE YEAR.
Tons freight carried
Bales cotton carried
:
preference share capital, $278,816; bonded debt, $3,832,555, and
government and municipal aid $4,031,615, over the previous
Atlanta & West Point.
The
June 30,1878, was as follows
Ordinary share capital
“
(For the
5,915/£ miles,
miles are of the 5-ft.-6-in.
gauge, 5,741^ of the standard gauge
of 4ft. 8/^in., and 733 miles of the 3-ft.-6-in.
gauge. There has
been a decrease of 149/6 miles since the former
year in the
mileage of railways of the 5-ft.-6-in. gauge, and an increase of
706% miles in the mileage of the standard gauge. The nomi¬
nal capital raised for the
Quebec Government
outstanding increased $115,500
year.
was
length of railway finished and under construc¬
tion, 7,678 miles. There are eighty miles of double track in¬
cluded in this railway
mileage. Of the completed lines, 390
New Brunswick Government
Nova Scotia Government
Amount of aid from municipalities
4,263,857
The bonds
30, 1878,
and the total
Ontario Government
350,000
13,600
159,893
210,272
*
during the
$4,263,857
‘57,023
25,242
Memphremagog House
E.
although operated by Canadian railway companies, are not in
Canada, such as the Grand Trunk from the
boundary line to
Portland, and deducting these the actual length of
railways in
operation in the Dominion on June
railway system of the Dominion by
:
Stock
Bonds
Notes payable
Sundry accounts and balances
Construction
[Vol. XXIX.
$123,370
“
.
-
“
98,576
104,204
platform
coal and
cars
hired
dumping
cars
owned—,
.
688
237 *
4
12,129
1,583
6,917
62
10
1,317
1,050
“
The very large increase
steel and iron rails is owing
in the length of railway laid with
to the fact that in the report for
1876-77 only the length of track laid upon
$107,880
railways which were
9,853
actually in operation was shown in the return, whereas the
98,027 present return
gives the entire length of track laid, both on
Profit and loss balance, July 1, 1879
$117,193 railways in operation and not fully completed. The decrease
of 276 in the number of platform cars owned arises from one
of the railways having
previously returned as platforms a
GENERAL INVESTMENT NEWS’.
number of cars which are, in the present return,
correctly
shown as hopper or dumping cars. The decrease
reported in
Burlington & Southwestern.—It was reported quite
posi¬ the number of overhead bridges is caused by the fact that
tively that this road was to be leased to the Chicago
Burlington certain companies have neglected fully to make up their returns,
& Quincy Company, and that the lessee
would extend it from and others have failed to
give any information about them at
the present terminus at
Laclode, Mo., southwest to Kansas
all.
Surplus for the year
Profit and loss balance, July 1, 1878
Less bond exchange account
charged off
about 90 miles.
This
rumor
was
authority.
$19,166
afterwards denied
City
on
official
Canadian Railroads in 1877-78.—The
St. John (N. B.)
Telegraph says: “ The development of railway
building in Canada
during the past quarter of a century has been
remarkable, and
at present there are few countries
with better
railwaj' facili¬
ties than the settled
portions of the Dominion. For the
past
three years the Government has had
returns compiled of the
railways of the Dominion, their mileage, cost, and other
par¬
ticulars, and the return for the fiscal year ended June
30, 1878,
has just been printed and is now
before us. The
compiler of
this return was
Brydges, which fact is a sufficient guarantee
My.
of its accuracy, and
although the information it contains is
more than a year
old, as it is the latest we have, it is
worthy of
particular notice from the
press.
“There are nowin Canada no less than
fifty-six lines of rail¬
way constructed or building, of which this
Brunswick) can lay claim to no less than ten,province (New
including the
Intercolonial. These lines have an
entire mileage of 7,905
miles, of which 6,143 were completed and in actual
operation on
June 30, 1878, and 721 miles had the
track laid but were not
open for traffic, while 1,041 miles were
simply under construc¬
tion. This return,
therefore, shows an increase during the year
of 569^ miles in the
mileage of railways actually in operation,
while the mileage under construction
‘lias decreased by 234%
miles, owing to a number of railways which were under
con¬
struction at
operation.
a
Of
previous return being
this
The total train mileage of
with 19,450,813 miles in the
the year is 19,669,447, as compared
previous year, or an increase of
218,634 miles. The train-mileage statement is very incomplete,
as railways
representing a mileage of 766 have made no report
in regard to their tram-mileage. The number of
passengers
carried was 6,443,924, against 6,073,233, or an increase of 370,691,
equal to about 6 per cent. This statement, like the trainmileage return, is incomplete, as railways amounting to a total
length of 520 miles have failed to make any statement in regard
to the passengers carried.
The tonnage of freight handled
during the year was 7,883,472. The weight handled during the
previous year was 6,859,796, showing an increase during the
year ended June 30, 1878, of 1,023,676 tons, equal to about 15
per cent.
Railways to the extent of 534 miles have made no
report of the tonnage which they have carried during the year
The following statement shows the
comparative traffic on the
principal lines for the last two years:
“
Grand Tnmk
Great Western.
Intercolonial...
Canada Southern
Northern
Midland
Toronto Grey & Bruce
Toronto & Nipissing..
“
The
-'-Passengers carried.—.
1877-78."
1876-77.
2,025.737
1,206,372
618,957
219,544
234,122
127,268
143,431
99,140
,
Tons freight.
v
1877-78.
1876-77.
2,028,214
1,203,961
.613,428
199,067
252,362
112,306
2,387,942
1,854,663
131,529
94.300
112,150
100.814
93,741
93,741
522,710
958,044
207,245
133,405
2,181,961
1,622,342
421,327
680,307
244,120
128.987
earnings of the various railways
the year amounted
completed and in to $20,520,078, against $18,742,053 for thefor
previous
year. More
however, 228 miles, railways made returns of their
earnings than the previous year,
now
railway mileage,
“
September 30,
THE
lb?9.]
CHRONICLE.
which accounts for part of the increase, but after making allowance for that it is seen that the earnings per mile were $3,479,
an increase of $61 over the previous year, while the operating
expenses per mile were $2,885, a decrease of $151 per mile from
the figures of the previous year. The increase on the net profit on
M
j--—•-
--
^
working of the Canadian railways during the year was
$968,013, or over 28 per cent in excess of the net profit earned
by railways during the previous year
the
“
The number of persons
killed
on
the railways during the year
97, of whom 11 were passengers and 45 employes, and 41
neither; 361 were injured, of whom 25 were passengers and 300
was
The number of killed was less by 14 than during
employes.
the previous year, and the number of injured showed an
increase of 44* As the number of passengers carried was
killed for every 585,811 carried,
for every 257,355 carried.
The following statement shows the government and munici¬
pal loans and bonuses paid and promised by the various govern¬
ments.and municipalities throughout the country, in aid of the
different railways, including the cost of the Intercolonial, Prince
Edward Island, Pacific & Quebec, Montreal Ottawa & Occi¬
dental railways, and the loans to the Grand Trunk and other
lines, up to June 30,1878. The accounts were as follows :
6,443,924,
and
one
“
one passenger was
passenger was injured
$65,939,900
Dominion Government
Ontario Government
4,148,517
10,815.146
Quebec Government
3,178,000
New Brunswick Government
Nova Scotia Government
1,882,432—$85,963,996
Municipalities in Ontario
Municipalities in Quebec
Municipalities in Nova Scotia
Municipalities in New Brunswick
8,147,445
4,016,000
275,000
296,500— 12,734,945
$98,698,942
Total
“The government
and municipal aid to railways up to June
30, 1877, was $92,824,737, making the increase during the past
year $5,874,204, made up as follows :
$2,643,519
Dominion Government
Ontario Government
897,747
§uebec
Government
Brunswick
Government
519,640
345,000
1,178.592
ew
Municipalities in Ontario
Municipalities in Quebec
301
section in Brookin County, which the road first enters after
leaving Iowa, has en purchased and is being rapidly settled..
lie a large force
From the Sioux to the Jim River, seventy miles,
is grading and tieing, and by next season at the furthest the
entire distance, 140 miles, will be in active operation.
«The new railroad bridge at Beloit for the Sioux Falls exten¬
sion will be completed next week
The railroad company have
200 tons of rails in New York, enough to lay about two and a
half miles of road, which will be shipped at once and laid down
as received, and a junction made with the line of the Mil¬
waukee Company at Canton about the middle of this month.
President Wicker expects to have the road completed to Sioux
Falls early this fall.
At a meeting of the stockholders of the Dakota Southern
and Sioux City & Pembina roads at Yankton on Monday
evening, it was decided to merge the two roads into one organi¬
zation, with the title of Sioux City & Dakota Railroad. After
due action by the board of directors of the two roads, the
necessary papers will be filed with the Secretary of State of
Iowa and the Territorial Secretary of Dakota, and the change
of name will be perfected.” '
Denver & Rio Grande.—Mr. W. J. Palmer, President of this
road, has issued a circular to the holders of the company’s
stock, in which he recommends for their acceptance an offer
from Messrs. Gould and Sage. The proposition from these parties
is to buy from every holder of Denver & Rio Grande stock onehalf of his shares at $22 per share, payable, at the option of
the purchasers, in cash, in Kansas Pacific stock at 66, or in the
new 6 per cent Kansas Pacific consolidated mortgage bonds at
88. President Palmer states that the largest stockholders have
accepted the offer for the sake of securing strong partners and
avoiding litigation. The offer remains open for thirty days.
The World money article says of this : “ Considering that
Denver & Rio Grande stock is about 28, and that Messrs. Gould
& Sage have the best facilities for depressing Kansas Pacific, a
stockholder in the Denver & Rio Grande road must feel a lively
fear of future litigation, if he accepts the offer of these gen¬
“
tlemen
293,000
as a
profitable alternative.”
Ft. Wayne
,
Jackson & Saginaw.—This road will be sold at
$5,877,496 Jackson, Mich., Dec. 3, under foreclosure of first mortgage.
The road extends from Fort Wayne, Ind., to Jackson, Mich.,
Less decrease in amount of subsidy promised by Nova Scotia
as compared with the previous year
3,295 | and has a bonded debt of $1,500,000 first and $500,000 second
$5,874,204
“
mortgage bonds.
The
following shows the amounts still to be paid by the gov¬
Grand Trnnk (Can.)—The American Exchange says : “The
municipalities on the completion of the roads to Grand Trunk Railway Coiripany of Canada has at last attained
which the various amounts are promised: Dominion Govern¬ the
goal of its desire in the completion of an independent
ment, all paid; Ontario, $1,918,878; Quebec, $2,301,533; New connection to Chicago from Detroit. For some time past the
Bfhnswick, $448,000; Nova Scotia, $1,063,682;
municipalities, company has been striving to secure an independent line of its
^ pai<j 0U£ 0£ ^
.$5,510,367 ; a total of $11,242,460
| QWn Chicago, and step by step it has accomplished its obiect.
ni<'
$98,698,942 voted.”
It is understood that arrangements have been made by which
the Chicago & Northeastern Railroad will be transferred by
Champaign Havana & Western.—A circular, dated Sept.
2, 1879, has been addressed to the holders of Union Trust Com¬ Mr. W. H. Vanderbilt to the Grand Trunk Company, and it is
stated that the troubles which the company has experienced in
pany’s certificates for Indianapolis Bloomington & Western
entering the city of Chicago are practically overcome. Before
Railway Company Extension bonds.
long
the Grand Trunk Company will begin running its cars from
The committee states in this “ that on the 9th day of May they paid
into court the whole purchase money of the road, received a deed for the Chicago to Portland, Me., and other parts of the New England
property, and took possession of the road on the 10th day of May. States over a line absolutely its own. The route from Detroit
Under the efficient management of Mr. Win. II. Smith, the receipts of the
to Chicago is obtained through the Chicago & Lake Huron and
road have increased forty per cent above the amount credited our road
the Chicago & Northeastern railroads. The Chicago & Lake
during 1878, when run in connection with the main line. Your com¬
ernments and
r
cm
non
-
~
mittee have rebuilt an engine and rebuilt a
a good deal of money in laying new ties,
bridge, and have expended
and report the road-bed and
machinery to be in fair working order. By giving bonds for the even¬
tual payment of the old capital stock taxes, an injunction against levies
by the county treasurers was granted for ninety days. During this
period the matter was submitted to Judge Drummond. By his decision,
the extension will pay one-sixth instead*of over half of the capital stock
taxes
the old Indianapolis Bloom. & West., as heretofore levied on
our property.
We estimate a saving of $35,000 from this decision.
Your committee have had a line surveyed from the present terminus of
our road at Havana, Illinois, tapping the Mississippi River at both
.
on
Quincy and Keokuk.
A very good route at a grade of not over thirtyobtained. The country through which the
proposed route passes is one of the oldest, best settled and most pro¬
ductive in Illinois. Good beds of coal and building stone were found on
the route, which ought of themselves to furnish a large amount of
freight. Situated as the road is at present, without any western
connection, we have no west-bound business and our cars go westward
absolutely empty. We deem it of vital importance that the bridge over
the Illinois River at Havana be built at once, during the present low
stage of water, and that the road be extended westward at once,'that we
may have through west-bound travel and freight, without which the
road can not be made a profitable one. We think we shall have
fimds
enough on hand to build this bridge, and ask the
bondholders’ consent to pay over whatever
surplus we
may
have to the
successor
company to be
used for that purpose.
We have of late been much hampered for want of cars to carry the
freight offered, and have made arrangements for the use of two hundred
cars on a mileage basis.
Your committee delivered the road into the
hands of the successor company, the Champaign Havana & Western
Railway Company, on the first of September, receiving from them as
consideration 350,000 preferred bonds, 1,100,000 first mortgage bonds,
1,650,000 stock. Bondholders can obtain the new securities on appli¬
seven
feet to the mile
was
cation to the National Bank of the
Republic, New York.
The animal
meeting of the shareholders of the Champaign Havana & Western Rail¬
way Company will be held at the general office of the company, in the
City of Champaign, Illinois, on the second day of October, at 12 o’clock,
noon.”
Connecticut. & Paegumpsic Rivers.—At the annual meeting
in Newport, Vt., Sept. 11, the stockholders voted to authorize
the directors to borrow $100,000, to be repaid at the rate of
$10,000
a
the road.
year,
the
money
to be used in buying steel rails for
Dakota Railroads.—A Milwaukee
telegram to the St. Paul
“Daniel Wells, conductor on the Dakota
extension of the Chicago & Northwestern Railway, says gradng is completed seventy miles from Tracy to the Sioux River,
and the best steel rails are being laid a mile a day. Every
Press, Sept. 5, said:
Huron road consists of two divisions.. The eastern division
extends from Port Huron, Mich., to Flint, Mich., a distance of
It was acquired by the Grand Trunk
The western division runs from Lansing,
sixty-six miles.
last June.
Valparaiso, Ind.,
a
distance of 166 miles.
Company
Mich., to
The two divisions
make a line of 232 miles. The western division was purchased
under chancery foreclosure in August. The capital stock of
the company owning the two roads was $5,775,000, and its
funded debt was $«,140,000. The eastern division was formerly
known as the Port Huron & Lake Michigan Railroad, and the
western division was called
the Peninsula Railway.”
*
*
*
The connection from Valparaiso to Chicago necessitates the
construction of a new road. This has already been begun, and
the road will be completed in a short time. The work is being
done through the organization known as the Chicago & State
Line Railroad, which was formerly the Chicago & Southern.
The distance from Valparaiso to Chicago is about forty-five
miles.”
“
Illinois Central—The St. Louis
Globe-Democrat reports of
this road:
“
The Illinois Central Railroad is
making just now several
important additions to its line which, no doubt, will help in
materially swelling its revenues, The Kankakee & Southwestern branch of this road is being rapidly extended to Strawn,
distance of eight and one-half miles. The grading is more
than half done, and the work will be completed October 1.
“The Kankakee & Western branch from Kempton, a point
on the Kankakee and Southwestern, west to Minonk, a distance
of forty-one and one-half miles, is also^ being rapidly pushed
toward completion.
This line will cross the Chicago & Alton
and Wabash tracks two and one-half miles north of Pontiac.
The Clinton Bloomington & Northeastern is the name of
another branch that is being constructed from Strawn to Bloom¬
ington on the main line of the Illinois Central, which will give
it a short line to that important point. The length of this
branch will be thirty-five miles. Sixty teams are now at work
grading this line, and it is expected to have it done in about
two months.
v
^
' >
Work is also rapidly progressing on the additional double
track from this city to Oakwood.
“
-
“
t
[VOL. XXIX.
The grading for the new tracks from
Parkside, at the Balti¬
more & Ohio Junction, north to
Fifty-seventh street has all
fjeen completed, and all the station
buildings have been moved
t>aek except those at Thirty-first street and Kenwood. At
the
latter point a lot
adjoining the track has recently been pur¬
chased, on which a new station house will at once be erected.”
Tn1ia’*a Bloomington & Western.—The I. B. & W.
road was
sold under foreclosure, and
purchased by a committee of the
first mortgage bondholders, and the election of
directors under
this newly organized
company was held last week, as reported in
the Chronicle. The stock and bonds of the
present company
•will be
as
follows
:
Fir>t mortgage bonds
Second mortgage bonds
Income bonds
■Common stock
$4,500,000
1,500,000
1,500,000
2,500,000
Total
$10,000,000
Of the
$4,500,000 first mortgage bonds, $1,000,000 are made a
^preferred, and one-half of these preferred bonds are sold for
<.the purposes of the reorganization,
and if no more are required,
the remainder will be canceled.
The funded debt of the old
company
consisted of $3,000,000
first mortgage bonds, $1,500,000 second
mortgage bonds,
$2,000,000 first mortgage Danville Urbana Bloomington & Pekin
Railroad bonds, and $3,28;,000 first
mortgage Indianapolis
Bloomington & Western Extension bonds. The Indianapolis
Bloomington & Western Extension was purchased under separ¬
ate foreclosure
proceedings, and has been reorganized inde¬
pendently of the main line.
fmlianai'niis
Cincinnati
&
Lnfavette.—The
purchasing
■committee issued a circular dated
August
28, 1879, addressed
to the subscribers of the
agreement of reorganization, and the
-stockholders of the I. C. & L. Railroad
Company. The circular
says : “ The undersigned, purchasing committee, take
pleasure
in announcing that a
majority of the holders of the bonds of
T869 and of the funded debt bonds have
signed the agreement
'of reorganization, and it is now in full
force. It is believed that
decrees for the sale of the
property will soon be entered. To
fully carry out the plan will require a large sum of
money,
which, by the terms of the agreement, is to be raised
by the
sale of certain bonds and stock of the
reorganized company, the
particulars of which are stated in the agreement, a
copy of
which we enclose. [Published in the Chronicle
of July 26, on
page 95.]
It is necessary for us to know, at an early date, to
what extent these can
be sold.
your proportion of the
Therefore,
option of taking them will
we
hereby offer
to you, and notify
you that your
expire on the 15th day of December,
same
1879. All not then taken will be
disposed of in accordance
with said agreement. No
money will be required at present.
It will be called in
installments, and ample notice given to those
who subscribe.”
between them and the people are better
adjusted by the people
and themselves than
by any ironclad legislation. The same
papers which publish your letters contain the announcement
of
the appointment of a committee of merchants
to foment agita¬
tion upon the basis of
hostility to railroads and to proffer
support
threaten hostility to legislative candidates unless
an unquestioning support to whatever furthers
this sentiment. While I hear with
pleasure from gentlemen of
the high standing and character of
your committee the assur¬
ance that “
you desire neither State nor Congressional
legislation
which shall not, while
protecting the public, be also just to the
railroads,” the present aspect and methods of agitation
compel me to frankly and freely say what I have. I believe
that any legislation upon the
transportation question by the
State, unless ba^ed upon general legislation first had
by
Congress, will be disastrous to the commercial supremacy
and prosperity of New York. The State
cannot tie the hands
of its roads, and leave their outside
competitors free, without
working directly for the ruin of its mercantile and industrial
interests, and for the growth of other and rival States and sea¬
ports. I differ, however, from many other railroad men, in be¬
lieving that Congress might take some action which would both
benefit the public and protect investors. I
certainly will be
very glad to meet the presidents of the trunk lines to discuss
the matter and prepare, if
possible, a bill to overcome the diffi¬
culties, and also to meet with the representatives of commer¬
cial bodies, and arrive with them at an
amicable understanding
and united action. This is
surely wiser thau to put these prob¬
lems up at auction for politicians to bid
upon for votes,
very
respectfully,
Wm. H. Vanderbilt, President.
“JStw York, Sept. 18, 1879.”
or
they will pledge
Louisville New Albany & St. Lonis.—The St. Louis
Democrat states that work on the Louisville New
Albany & St.
Louis Air-Line road has been
begun in earnest, and that by
November 15 fifty miles will have been laid from Albion east¬
ward towards Louisville. With this
line, in connection with the
Southeastern and the Chesapeake & Ohio, a Southern trunk
line
between the East and West will be established.
Missouri Kansas Si Texas.—It is
reported that the Dutch
bondholders of the Missouri Kansas & Texas Railroad
Company
have rejected the scheme for the
reorganization of the company
which was proposed by the
purchasing committee of three.
The Dutch bondholders fear that no sufficient
guarantee is
proposed extensions may not at some future
leased to another company should
they prove profitable.
given that the
time be
new
New York Lake Erie & Western.—This
company has leased
new Buffalo &
Rockport Railroad for a term of
the
years.
N. Y. &
Oswego Midland.—The litigation was again before
Judge Blatcliford, in the United States Circuit Court, Sept. 13.
The case came up on the
petition of Isaac Wallach and
William S. Dunn, who claim that the recent order of the
Lafayetto Bloomington & M»»nc»e —The
Court,
financial plan of reorganization of this road asfollowing is the reducing the upset price at the proposed sale of the
now
company^
proposed,
viz. :
mortgaged property from $i,500,000 to $100,000, was entered
without notice to them, and
First mortgage bonds, 6 per cent
they asked that the order, be
$2,500,000 set aside. The
Income bonds
after hearing argument, denied the
Court,
1,000,000
Stock (common)
1,000,000 prayer of the petitioners.
Total debt
$4,500,000
Like Erie Si Western.—We herewith
present the
figures of the plan of reorganization, viz.
First mortgage bonds, 6 per cent
Income bonds
•Stock (common)
Total obligations
Which cover 105 miles of road.
if
-
following
:
$1,815,000
.5...
1,435,000
3,000,000
$0,300,000
Peoria Pekin & Jacksonville.—The sale of this
road has
been ordered to take place in Pekin,
Ill., on the 14th of Novem¬
ber next. The following are the terms of sale: No
bid will be
received for said
property unless the bidder shall first deposit
with the Master the sum of $10,000 to insure the
good faith of
such bid, and, upon the acceptance of his
bid, the purchaser
shall pay to the Master the further sum of
$40,000 in cash,
$50,000, and,
upon the confirmation of said sale by the court, the
purchaser
shall pay to the Master the further sum of
$150,000, and the
balance of the purchase price shall be
paid within six months
making, with his previous deposit, the
sum
of
■This company is
building 55 miles of road, viz., from St.
Marys to Muncie, which, with the Lafayette Bloomington &
Muncie, if consolidated as proposed, will give them a
through after the confirmation of said sale. For the remainder of tlie
route from Bloomington,
Ill., to Fremont, Ohio, connecting
purchase money, over and above the said sum of $200,000 and
with the Lake Shore Road.
such further sum as the court
may hereafter require to be paid
Letter of W. II. Vanderbilt.—A letter from
the Committee in cash, the Master will receive any of the first mortgage bonds'
•of the Chamber of Commerce on railroad
transportation was of said road, and the past-due coupons thereof belonging
addressed to William H.
Vanderbilt, President of the New York thereto, for such sum as the holder thereof shall be entitled to
Central Railroad, and to H. J.
Jewett, President of the Erie receive from the proceeds of said sale.
Railway, suggesting Congressional legislation to regulate inter¬
Quicksilver Mining Company.—The Court of Appeals ha
state communication in the matter of
freight. Mr. Vanderbilt affirmed Judge Barnard’s
decision in the preferred stock suit.
writes in reply the
following letter :
The N. Y. Times report of the decision
Gentlemen: I am just in receipt of
says: “ The company
your letter of yester¬ was
organized under a special charter in this State in 1866, by
day. The questions you present are of the first
importance not Samuel T. Arnold and others. The lands and mines are situated
only to the railroads but to the whole United
States, and in California and were
originally owned by a Pennsylvania
specially to the State and City of New York. They have to be
■calmly and fairly met unless irreparable injury be done to company. The new capital stock was $10,000,000, issued in a
every material interest. They are of too serious moment to be single certificate. There were 250 stockholders' in the New
York company. The
-made a football in politics or settled
enterprise did not at first prove a success,
by an agitation in which and the
each political party shall
company
became
greatly embarrassed. At length, in
try to outdo the other without regard 1870, as a
to the practical effect of
desperate
resort,
a proposition was made to the stock¬
any action which may be taken.
To holders to pay $5 on each share of their
create a false issue
stock, which would
against the railroads and arouse
then become preferred. At a
feeling in hostility to them is not and never has been a popular
difficult year, the by-laws were amended meeting held Feb. 24 of that
and resolutions were
thing to do, and it is very easy for it to get beyond the control
adopted
■of and injure most of its
authorizing
the issue of preferred stock in accordance with this
original
promoters. But when¬ plan, and
ever
the legislation which follows
many stockholders availed themselves of the privi¬
has been, tried, the
lege. The money thus obtained tided the company over its
farmers, merchants and manufacturers have suffered
to difficulties, and four
as great if
years later the stock began to be dealtin
not greater extent than the railroads.
This publicly. It attracted the
-is the experience of other States
attention of prominent speculators,
and countries, and the
judgment of the ablest
men, who have devoted themselves to a notably Daniel Drew, and these parties, having obtained a con¬
^careful consideration of the
interest in the common, shares, made an attempt in
question. The railways are not trolling
board meeting to pass a resolution
and cannot be antagonistic to the
wiping out the preferred
public with whom their very stock. Mr.
Existence is indissolubly connected, and in the
Gleorge L. Kent, who held 2,500 shares, and other
end the relations
large stockholders, obtained an injunction preventing them
.
:
from carrying out their purpose, and subsequently brought
suit to compel the company to recognize and settle the claims
of the preferred stockholders. The case was tried before Judge
Barnard in Poughkeepsie, and was bitterly defended, ground
being taken that the company had no power to amend its
by-laws and issue preferred stock. On Aug. 28, 1878, Judge
jEfarnard rendered a decision in favor of the preferred stock¬
holders.
Among other things, he said: ‘The contract of
preference authorized by the amended by-laws and resolutions
adopted on Feb. 24, 1870, was within the corporate powers of
the Quicksilver Mining Company, and the adoption of the said
by-laws and resolutions was a proper and legitimate exercise of
the powers of the company under its charter. The contract of
preference is presumably valid, and, not having been objected
to within a reasonable time and in a proper manner by any
stockholder, is binding upon the company and its stockholders
in favor of the plaintiff and all holders of such preferred stock.
The stockholders of the Quicksilver Mining Company, by
acquiescing in the action of the company in making such con tract of preference and appropriating the moneys realized
therefrom, have assented to and ratified said contract, and the
same is binding upon them by reason of such assent and ratifi¬
cation.’
“
This
•‘The conversion of the outstanding Virginia bonds into new
ten-forties, under the act of March 28, 1879, has already ex¬
ceeded the amount required by the statute for the current
year. This result is most satisfactory ; first, in demonstrating
the willingness of the different classes of the creditors to make
the concessions necessary for this settlement; and, again, in
the prompt realization of expected benefits to the State, estab¬
lishing beyond question the ability to provide for th3 interest
on the debt without increased taxation.
But, in doing this, a
volume of labor has suddenly been thrown upon the financial
departments, with the result of very considerable delay in
exchanging the bonds. Not only has the aggregate of obliga¬
tions surrendered been large, but they are in a great variety of
forms, all demanding close scrutiny. In short, the work is one
which must be conducted with circumspection, and it proceed*
slowly. This delay, although inevitable, has naturally given
rise to some dissatisfaction and complaint; it has, therefore*
been deemed expedient to suspend the receipt of bonds until
present accumulations have been disposed of, so that, for the
future, conversion may follow more closely upon deposit. It is
hoped that this result will be reached sometime during the
current month.”
Washington City Virginia Midland & Great. Soothe*'**.—
practically the view taken of it by the Court of A meeting of such bondholders of this road and its division!?,
Appeals.” * * * * “ The following is an abstract of the the Orange & Alexandria, &c., as have accepted the provisions
of the scheme of reorganization was held in Baltimore. The
opinion written by Judge Folger:
‘All the powers of the company are to be got from its char¬ business of the meeting
was the election of three trustees, as
ter or the general provisions of the Revised Statutes.
Doubt¬ required by the scheme of reorganization. J. K. Co wen, ou
less it had power to borrow money; but a borrowing of money behalf of the Baltimore & Ohio Railroad, and Robert Garrett &
implies a time when payment may be. made or may be Sons, nominated Robert T. Baldwin and Robert Garrett fop
demanded. As there was no such time here, the act of the trustees; H. C. James nominated J. Willcox Brown; F. M.
company was not a borrowing of money. It was nothing else Colston, on behalf of Alexander Donnan, nominated H. R.
than the creation of a preferred stock. The court is not pre- Garden. The tellers announced that the number of votes cast
amounted to $7,628,954, or more than three-fourths of the
ave classified
say its capital stock into
company
preferred and common, and whole interest. Messrs. Baldwin and Brown each received the
it may be that legislative authority, or unanimous consent of full vote cast, Mr. Garrett received a vote $7,592,954, and Mr.
stockholders, would give the right afterward; but this company Garden received a vote of $36,000. Messrs. Baldwin, Brown,
did otherwise without that authority or consent. It violated, and Garrett were declared to be the duly elected trustees on
by the act of creating preferred stock, its contract with the the proposed plan ot reorganization.
A petition has been filed in the Circuit Court for Alexandria
non-assenting stockholders, and thereby disturbed a vested
right. The court,- therefore, holds that the act in itself could County, Va., asking that a decree for the sale of the road be
not have been upheld but for the consideration that the
granted. When the sale takes place under an order of the
non-assenting stockholders had, by their silence and neglect to court, the three trustees will become the purchasers for the
promptly ask for judicial interference, acquiesced in the action assenting bondholders, and will reorganize the company on the
of the company, and are thereby estopped from now seeking plan agreed upon.
that interference as against the parties now holding the pre¬
Wisconsin Central.—The general plan proposed for the re¬
ferred stock 9 ”
organization of this road was published in the Chronicle a few
St. Louis & Southeastern.—In the United States Circuit weeks since. The
following are the principal details. There
Court for the District of Indiana, at Evansville, a bill of fore¬ are to be issued:
'
v
closure has been filled by Frederick William Oewel, and others, Preferred bonds,
bearing 5 per cent interest from Sept. *79.. $400,000
3,80 ,OOQ
against the St. Louis & Southeastern Railroad Company, and Consolidated bonds, first series
5,700,000
others, defendants. The complainants, who are bankers at Consolidated bonds, second series
The principal of the preferred bonds is to be payable 5 pep
Amsterdam, are large bondholders, and bring this bill, on behalf
of themselves and others, to foreclose the mortgage bearing cent yearly, in semi-annual payments, beginning June 1, 1881.
date March 1,1871, executed by the St. Louis & Southeastern
The first series of consolidated bonds will draw interest fop
Railroad Company, a corporation under the laws of Indiana and three years from July 1,1880, at 2 per cent, and afterward at
Illinois. It is understood that no receiver will be appointed, 5 per cent, payable January and July.
and that the road will remain under the charge of Gen. Wilson,
The second series will draw not over 2 per cent for three
the receiver appointed in the suit brought by the trustee under years and 7 afterward, contingent on the earnings aftep
the consolidated mortgage. An early foreclosure is anticipated, all prior payments, and also $30,000 per year for improvements.
and a reorganization of the entire lme from St. Louis to Evans¬ The first payment is to be July, 1881 and then and thereafter
ville.
each payment will be based on the six months* earnings for the
Interest is not to be cumu¬
St. Paul & Sioux City.—This railroad company has had its half-year ending six months before.
lative.
securities placed upon the New York Stock Exchange, and the
The
owes the following debts:
following statement is made by the financial agent in this city, To thosecompany
vrlio did not fund July 1, 1875, the cash since paid
was
“
Eared to
Mr.
H. S.
but that when the
Marlor,
on
first started it might
the basis of the 1878 business of the
different lines:
EARNINGS OF THE ST. PAUL & SIOUX CITY RR. AND BRANCHES ON BASIS
OF 1878.
122 miles St. P. & S. G , gross
124 miles S. C. & St. P., gross
60 miles W. & S. Falls, gross
106 miles new lines (estimated)
412 miles
Operating expenses (57
per cent)
"Net earnings
Interest on bonds
$602,754
385,905
102,315
265,000
$1,355,974
772,905
$583,069
247,000
$336,069
7 per cent on
$1,600,000 preferred stock.
322,000
$14,069
The company owns its sleeping cars and elevators, the latter
valued at over $100,000. The terminal property in St. Paul is
said to be valuable, covering over 1,500 feet front on the Missis¬
sippi River, while the terminal property and shops at Sioux
City are valued at over $100,000. The present equipment con¬
sists of 85 locomotives, 17 passenger cars, 3 passenger sleeping
cars, 11 baggage cars and 836 freight cars.
There are now authorized, for the first time, $4,500,000 first
mortgage gold bonds, covering 465 miles of road, paying 6 per
cent interest, April and October, while it is estimated that the
entire capitalization of the Toad will not exceed $30,000 per
mile.
to those who did fund.
To those who did fund there wjis due Jan. 1, 1879
To holders of land income notes (a first lien on land
For interest on these items before settlement
.
Texas Bonds.—A Galveston letter says that Texas State
Pension Bonds, Nos. 2,625 to 5,579, inclusive, are called in, in¬
terest to cease September 30,1879. These bonds bear 10 per
$71,289
sales)..
24.000
280,000
24.710
$400,000
Total
BOND8.
To holders who funded 9 coupons July 1,1875
To holders who did not fund July, 1875
Coupons due July 1, *75, to Jail. 1, ’79
Interest, on same at 7 per cent to Jan. 1, ’79
To holders of bonds sold ex ten coupons
Loss three coupons
$3,594,000
1,091,500
$1,‘-'91,940
180.712— 1,472,652
3,482,500
340,066— 3,142,434
$9,300,586
This indebtedness is to be exchanged 40 per cent for first
series and 60 per cent fo^ second series, and any surplus of new
Total...
bonds may be sold for benefit of the company.
A bond with coupons unfunded will be settled
thus
Eight coupons, $35 each, July 1, 1875, to January, 1879
Interest
on same
To
by the following
31 30
:
represent cash paid on others
in first series
in second series
The 40 per cent
The 60 per cent
280 OO
$1,314 30
Total
Paid
:
$1,000 00
Face
$65 31 in preferred bonds.
499 59
749 39
$1,314 30
Stockholders are to transfer 95,000 shares of stock to John A*
Stewart and Edwin H. Abbott, trustees of first mortgage in
trust, to hold till all bonds of consol, mortgage are getting and
Total
likely to get their maximum annual interest, eachbondholder
being entitled to one vote for each $100 of boxds held. The
cent interest per annum, and are at a premium.
present stock of 114,355 shares is not to be increased.
Land income noteholders are to surrender these notes and
Virginia Bonds.—The old bonds have been sent in so rapidly
for conversion into the new ten-forties that the Funding Asso¬ be paid the face thereof and 6 per cent interest, March I te
ciation has issued the following circular:
September 1, 1879, in preferred bonds.
304
THE
CHRONICLE.
[vou xxix.
O O r T O N
5?he Commercial Jaimes.
Friday, P. M., September 19, 1879.
The Movement op the Crop, as indicated
by our telegram®from the South to-night, is given below.
For the week ending
this evening (Sept. 19), the total
COA1MERCIAL EPITOME.
Friday Night,
.
September 19, 1879.
receipts have reached 76,983
past week has been remarkable bales, against 30,054 bales last week, 13,920 bales the previous
for the increased activity and higher prices obtained for several week, and 4,875 bales three weeks since; making the total
receipts since the 1st of September, 1879, 120,907 bales, against
leading staples, among which may be noted wheat, corn, rye, 147,594 bales for the same
period of 1878, showing a decrease
lard, bacon, cheese, petroleum and coffee as the most conspicu¬ since September 1, 1879, of 26,687 bales.
The details of the
The speculative spirit is strong in nearly all commercial receipts for this week (as per telegraph) and for the
ous.
correspondingweeks of four previous years are as follows:
centres, the money market easier, the weather excellent, and
iigh anticipations are entertained of the immediate future of Receipts this w’k at
1879.
1878.
1877.
1876.
1875.
the commerce of the country.
New Orleans
10,828
5,058
2,733
12,386
8,635
In provisions considerable irregularity has been noticed, Mobile
3,212
2,702
1,670
4,630
4,616
12,092
though in the main prices have improved, based solely upon Charleston
15,303
4,523
8,953
11,876
250
12
68
advices of a revived speculation in Chicago. Quite a good Port Royal, &c
180
Savannah
24,034
25,043
8,924
12,404
12,564
trade has been reported here.
To-day, there was considerable Galveston
15,337
19,003
11,460
2,116
1,712
excitement, rapid advances, and much firmness until the close, iDdianola, &c
337
589
312
48
when quite a reaction took place ; pork sold on the spot at $9 Tennessee, &c
671
972
860
2,141
595
879
for mess; October options sold at $8 90@$9, and re-acted to Florida
36
38
192
157
North Carolina
572
3,321
2,088
1,879
1,260
$8 85; November sold at $9, but closed offered at $8 90.
Norfolk
594
2,278
4,343
6,430
8,344
Lard sold on the spot at 6*45c., and offered at the close at 6*40c.;
159
City Point, &c
87
569
48
1,572
October options sold at 6#50@6*42^@6*47/^c., and closed at
Total this week
76,933
74,355
22,345
62,998
47,06a
6*45c.; November at 6‘22%@6T5c., closing at 6*15@6T7/£c.;
Total since Sept. 1.
December at 6*10c.; seller the year 6*07/6@6T2/£c.; refined, to
120,907
147,594
39,943
126,090
106,488
the Continent, quoted at 6'75@6’77/£c. Bacon was quiet, but
The exports for the week ending this
evening reach a total of
firmly held at 5%c. for long and short clear here, and 5Mc. in 15,026 bales, of which 13,900 were to Great Britain, 1,126 to
Chicago; long clear quoted here at 5/£c. Beef and beef hams France, and none to rest of the Continent, while the stocks as
made up this evening are now 104,775 bales.
Below are the
were quiet and without essential changes.
Butter and cheese stocks and
exports
for
the
and
also
for
the
week,
corresponding
have been quite active, and rapid advances and much firmness week of last
season:
The
course
of trade in the
....
....
*
'
...
have ruled.
Brazil coffees have shown a rapid advance, much firmness
and considerable activity during the past week; fair
Week
EXPORTED TO—
ending
cargoes
Great
Britain.
Sept. 19.
quoted at 15c., with a stock here in first hands on the
I7th inst. of 75,769 bags. Mild grades have also been in
good
sale at late full figures. Bice is rather quiet, but
steady rates
remain current.
Molasses has been less active, due
wholly
to short supplies, as the demand is good; 50-test Cuba
refining quoted at 28c. Kefined sugars have sold fairly at
strong prices. Crushed quoted at 9%c. Baw grades have been
advanced to 6%@7c. for fair to good refining, and a very
good
France.
Total
this
Week.
Conti¬
nent.
STOCK.
Same
Week
1878.
1879.
1878.
10,766
3,086
12,921
16,398
19,844
34,347
1,913
5,500
9,086
4,271
14,725
32,147
20,204
21,767
are now
N. Orl’ns
2,120
210
....
Mobile..
.....
....
....
....
....
Charl’t’n
....
....
....
....
....
Savan’h.
•
...
....
....
....
....
....
....
Galv’t’n-
9,413
Norfolk-
....
Other*..
2,367
Btock Sept. 1,1879
83,732
Receipts since Sept. 1, 1879
28,097
13,430
218
Sales since
Btock Sept. 17, 1879
Stock Sept. 18,1878
27,505
710
69,657
68,171
27,605
8,932
Bags.
642,194
155,109
252,609
544,694
57,717
Melado.
2 801
916
....
....
.
....
....
.
.
....
5,636
10,329
.
....
....
811
2,367
651
6,500
13,900
1,126
26.378
1,567
-
....
15,026
7,845 104,775 109,351
Tot. since
4.044
168
9 797
....
Tot. this
week..
Boxes.
1,398
c
N. York.
trade has been effected.
Hlids.
•
2,330
Sent. 1.
I
44
27,989
15,300
"“The exports this week under the head of “other
ports”
include, from
Baltimore, 200 bales to Liverpool, and from Boston, 2,167 bales to Liverpool.
From the foregoing statement it will be seen that,
active, though the with the corresponding week of last season, there is ancompared
increase
movement is still moderate. Sales for the week, 850 hlids., of in the
exports this week of 7,181 bales, while the stocks to-night
which 600 for export and 250 for home consumption. Prices are 4,567 bales less than they were at this time a year ago.
In addition to aoove exports, our
.are firm and unchanged.
telegrams to-night also givfr
Lugs, 4@5/£c., and leaf 6@12c. The us the
following
amounts of cotton on shipboard, not cleared, at
movement in seed leaf amounts to the fair
aggregate of 1,930 the
ports named. We add also similar figures for New York,
cases, at firm prices, as follows: 500 cases 1877 crop,
Pennsyl¬
vania, 10 to 25c.; 813 cases 1878 crop, Pa., 10 to 17c.; 150 cases which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
1877 crop, New England, 13 to 21c.; 400 cases 1878
crop, do., 11
to 25c.; 40 cases 1878 crop, Ohio, 10j^c.; 27 cases 1^78
crop, Wis¬
On Shipboard, not cleared—for
consin, 5/£c. There is no new feature in Spanish tobacco; the
Leaving
Sept. 19, at—
Kentucky tobacco has been rather
more
Bales are 600 bales Havana at 80c.@$1 10.
Ocean freight room has been fairly active,
at uniformly
steady rates—charter room, in some instances, has been slightly
advanced. Late engagements and charters include : Grain to
Liverpool, - by steam, 7/£d., 60 lbs.; provisions, 32s. 6d.@37s.
6d.; cotton, %@5-16d. ; grain, by sail, 6%d., 60 lbs. ; do. to
London, by steam, 8d.; do. to Bristol, by steam, 8d. ; do. to
Hull, by steam, 8d. ; do. to Cork for orders, 5s. 10^d.@6s. per
qr.; do. to Hamburg, 5s. 3d. ; do. to the Continent, 5s. 9d,@
fis. ; naphtha to Antwerp, 4s. 6d. ; do. to
Liverpool, 4s. 6d. ;
refined petroleum to London, 3s. 9d. ; do. to the
Baltic, 4s. 9d.
To-day, a steady tone prevailed, though business was rather
quiet; grain to London, by steam, 8d. ; do. to Hull, by steam,
8%d.; do. to Belfast, by steam, 8%d.; do. to Bristol, by steam,
8^d.; do. to Cork for orders, 5s. 10/£d. per qr.; do. to Bristol
Channel, 5s. 6d. ; do. to French port, 5s. 10%d. ; refined petro¬
leum to Bremen, 3s. 7/6d. ; do. to Botterdam or
Hamburg,
4s. 3d. ; do. to Leghorn, 4s. 7^d.; do. to
Tarragona, 5s. l^d.;
crude do. to Marseilles, 4s. 6d.
Naval stores
rather
quiet to-day; spirits turpentine,
however, has shown a good movement for the week and closes
about steady at 26%c. Bosins have ruled
irregular at $1
@$1 25 for common to good strained. Petroleum closes less
firm, after a large business for the week ; to-day, 25,000 bbls.
refined were re-sold at
615-16c.; regular lots
quoted
at
7c. In metals much firmness has
prevailed; No. 1
American pig iron is held at $27; sales of No. 2 are
reported at * 25 ; Eglinton Scotch has been advanced to $23 50
<§>$24, and Coltness to $26 50@$27. Kails are quoted at $50 for
steel here, and $52@$53 at the West.
Timothy seed has sold at
$2 50 per bushel. Clover nofiiinal at 7@7%c. per lb.
Whiskey
dearer at $1 08. Ingot copper is
steady at 16%@16Mc. for
Lake.
were
Liver¬
pool.
New Orleans
Mobile
Charleston
Savannah
France.
None.
None.
None.
None.
None.
None.
None.
1,000
3,709
Galveston
New York
Other
Foreign
3,800
Coast¬
wise.
1,410
None.
1,410
9,356
None.
None.
3,500
4,000
2,200
3,500
3,086
9,421
5,000
101
None.
None.
None.
240
11,398
6,250
13,594
None.
None.
None.
None.
*4,664
None.
29,683
7,413
1,650
9,700
20,824
83,951
Other ports
None.
None.
None.
Total...
8,509
101
*
Included in this amount there are 864 bales at
presses
destination of which we cannot learn.
The
our usual table showing the movement of
ports from Sept. 1 to Sept. 12, the latest mail datesr
RECEIPTS SINCE
SEPT. 1.
Ports.
1879.
N.Orlns
1878.
Galv.*.
5,910
1,993
5,702
11,100
15,402
31,149
18,283
N. York
582
64
Florida
314
146
N. Car.
600
Norf’k*
1,134
1,237
1,492
1,689
Mobile.
Char’n*
8av’h..
"
■This yr.
Last year
*
for foreign ports, th
following is
cotton at all the
Other..
Stock.
Total.
EXPORTED SINCE SEPT. 1 TO—
Great
Britain.
5,494
2,471
2,828
11,491
603
43,974
73,239
France.
Stock.
Other
Foreign
36
....
Total.
2,507
....
....
....
....
....
....
....
....
....
....
.
....
....
....
9,296
441
*
.
.
.
...'.
....
.
.
.*
.
9,737
4,741
1,352
4,070
8,602
11,445
28,453
-
.
.
.
.
....
....
....
....
....
....
....
....
711
....
....
.
.
.
.
....
537
224
8
719
7,000
12,478
441
44
12,963
66,424
7,315
93
47
7.455
80,261
Under the head of Charleston is included Port Royal,
&c.f under the head of
Galveston is included Indianola, Ac.; under the head of
Norfolk is included City
Point, &c.
September 20,
THE CHRONICLE.
1879.]
has declined. Quotations were reduced
^c. on Tuesday and l-16c. on Wednesday, to 12£c. for middling
uplands, at which there was a moderate business for home con¬
sumption; but shippers did very little. A feature of the week
deserving of special reference is the large deliveries on con¬
tracts, as recorded below. To-day, the market was firm but
quiet. The speculation in futures has been fairly active. The
opening on Saturday was rather stronger, but there has since
been a rapid decline, owing to the sudden and marked increase in
receipts at the ports, and the very favorable weather for the
maturing and gathering of the growing crop. September and
October declined most, as the apprehensions of a deficient supply
and a speculative “ corner ” were removed by the increased
receipts at the ports, and yesterday there was some recovery in
the later months.
To-day, there was a demand to cover con¬
tracts and realize profits, causing a material advance in Septem¬
ber, and a smaller but pretty uniform improvement in the later
EH Cotton
the spot
on
005747.0.1623193484855.216324.10
months.
Bales.
l.wOO
1,50D
100
600
400
400
500
800..
500
800
305
Cts.
10-30
10-81
10-32
Bales.
600
10-33
10-34
10-30
10-37
200
1,000
10-42
500
10-43
Cts.
10-39
1,600
10*34
500
10*40
10 35
10-80
10-37
300
f00
500
800
500
300
800
900
January.
10-25
10-26
10-27
70U..
400
1,200
10-30
200
1032
The
10-40
10-41
10-43
400..
200....
400
200
10-44
10-45
10-40
700
10*47
200
10-48
1,200
10*49
Bales.
3,600
10*40
10*50
....
Cts.
10*73
400
10-42
500.
400
100
200
300
300
10-38
10-39
1,900
For April.
100
10*64
100
10-05
40®....
10-69
800
10-72
100
10-74
10*52
10*54
10*55
10*57
10-00
300.
3,400
.
10*7»
..
1,900
10*70
300.
.10*84
.
For March.
1,200
-
10,300
10-28
10-29
1,600
■
900
31,200
For
Bales.
100....;
10 38
10-39
10-40
Cts.
10-33
-
For February.
100
10-35
100
10-30
100.
10-37
’
100
300
300
100
500
.M00.
200
100
10-50
3,500
10*51
10*52
10 50
10*58
10-59
10-6)
10-03
100
100
100
For May.
10*75
10*80
10*81
300
10-00
following exchanges have been made during the week
*02 pd. to exch. 100 Sept. s. n. 10th for I
100 Sept.
s. n.
regular.
22d for reg.,
The following will show the range of prices paid
and the closing bid and asked, at 3 o’clock P. M., on
the past week.
for futures,
each day in
459,000
Futures
Saturday.
Monday.
Tuesday.
free on board. For immediate delivery the
this week 5,230 bales, including
for export,
4,418 for consumption, 812 for speculation, and— in transit. Of
the above, 1,000 bales were to arrive.
The following tables show
#the official quotations and sales for each day of the past week:
Market.
Firm.
Depressed.
Lower.
The total sales for forward delivery for the
bales, including
week
are
—
:
even,
total sales foot up
UPLANDS.
Sept. 13 to
Sept. 19.
Sat.
Mon Tnei Sat.
Ordin’y.$tt> 107s
107e
Ilk
1158
Ilk
Ilk
1178
12
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Sfcr.L’wMid
TEXAS.
NEW ORLEANS.
Mon Tnes Sat.
Mon. Tnes
11
11
1078
11
11
1178
Ilk
11%
Ilk
ilk
Ilk
11%
12
12
115s
1178
ilk
11%
1178
10*4
ilk
ilk
11%
12
12
ilk
ilk
ll78
12
ll78
12k
12k
12
12k
12k
12
11%
12316 12316 12110 12518 12516 12316 12516 125,g 12316
Middling... 12o16 12516 123i« 12716 12716 125i6 127ie 12716 12*16
Good Mid
1258
Str. G’d Mid 1278
1258
1278
..
12k
12%
12%
12%
13
13
125s
1278
12%
12%
13
13
12k
1278
Midd’g Fair 13®is I39ie 137i0 13Hi0 131li6 !3916 13Hi6 1311,6 139,0
Fair
Th,
Fri.
Th.
Wed
Frl.
Ordin’y.^lb lOUie lOllis lOUie K)1316 1O1310
Strict Ord.
1H16 like H316 11316
Good Ord.. 11716
like 119J6 U916
Str. G’d Ord lll{16
Hijie 111316 U1316
Low Midd’g 1H316
111316 ll15ie 1H516
6tr.L’w Mia 12
&13- 12
Middling... 1218
12k
Midd’g Fair 13k
133s
13k
13k
13k
14
14
14k
14k
12k
12k
12 k
12k
12k
Wed
Til.
“
s.n.
101316 101316 1013,0
11316 ll3i0 113,0
11»i6 like like
1H316 lll3i6 111316
11«16 lllo16 111516
12k
12 k
12k
12k
12k
12k
lO13j0
like
like
111316
1215,0
12k
12k
Fair
14
STAINED.
13k
14k
13k
14k
Mon Tnes Wed
Sat.
Good Ordinary.
Strict Good Ordinary
Low Middling
13k
14k
1078
ilk
Frl.
107s
ilk
like like
111316 lllSie
MARKET AND SALES.
SALES OF 8POT AND TRANSIT.
SPOT MARKET
CLOSED.
Ex¬
Con-
port.
sump. ul’t’n
Sat.. Quiet..
Mon Easier
—
Tues. Easy, at k dec..
.
845
857
.
Wed Dull, at
Thurs Quiet
Firm
Fri.
Spec-
*iie dec..
•
•
•
»
•
•
•
.
374
....
.
....
Total
1,135
....
Tran¬
sit.
•
•
•
•
....
•
•
•
....
803
384
800
4.418
812
FUTURE8.
Sales.
845
869
*12
•
Total.
....
....
—
....
36.500
52.500
1,155 84,300
374 116,500
1,603 64,000
384
105,200
Deliverics.
2,700
Based,on old cotton.
the sales have reached during the week
459,003 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For September.
Bales.
Cts.
700
11-71
*
1,000
11*73
2,400.
5,000
11 74
11-75
7,900
11-76
11-77
11-78
7,800
11-70
500
1 -09
12-10
100
1211
3,900
1211
12-12
12 13
12 14
8,300
10-77
100 s.n.l6thl2-l5
2,900
7,000
12.900
12,000
5,300
7,000
3.800
12,700
7,400.
1,200
•3,000
2,000
3,000
2.400
,11-88
2,400
.11 89
11-90
11-91
800
11-92
11-94
11-95
1197
3,000
7,20 >
7,2 0
0,200...
300
100
500
000
1,10)
5,^00
1,300
11-9S
11-99
12 « 0
1201
1,000
2,?00
3,000
600.
No notice
12*07
12-15
1210
12-17
...12-18
12-19
12-20
12-21
....12-22
12-24
J
900
1,200
1,600
1,<'00
2,000
For October.
10-54
15,000
10,200
6,100
7,000
14,500
2,000
to-day, 19th.
10-5=>
10-50
10-57
10-58
10-39
..10-00
1061
10 62
1003
10-04
10 65
10-01
10 67
10-68
10-69
000
3,000
2,700
2,900
roo
10 72
1,900
2,500
1,000
10-73
10-74
10'75
10 70
8.300
..
.
Cts.
10-29
10- 0
10-31
10-32
10-33
—
-
—
—
Closed.
Steadier.
Excited.
For
Sept’b’r
Day.
Closing.
Day.
Closing. For Day.*
The Visible Supply
10-7010-60 10-61 62
10-3010-24 10-25 26
10-28-10-22 10-23 24
10-30-10-28 10-30 31
-10*42 10-43 45
10-55 58
10-56- —
10-68 72
—
—
-
—•
-
—
10-80 85
11-85
—
Barely steady.
10-70-10-55
10-33-10-23
10-30-10-20
10-37-10-28
10-50-10-46
10-63-10-58
10-74- —
-
10*66 —
10-32 33
10-29 30
10-35 —
10-47 49
10-60 63
10-73 75
10-85 9Q
1215
—
Barely steady.
1879.
321.000
65,908
Stock
Stock
8tock
Stock
8tock
Stock
8tock
Stock
at
at
at
at
at
at
at
‘
1878.
1877.
1876.
452,000
23,000
690,000
30,250
746,000
■780,500
191,250
4,500
386,908
475,000
720.250
Havre
Marseilles.
Barcelona..,
Hamburg...
106 860
148,000
1,750
16,000
211,250
Bremen.’....
16,649
Amsterdam.
Rotterdam..
29,272
2,181
1.738
14,262
2.400
5,500
31,500
41,500
600
900
1026
10-27
1,700
2,300
10-28
10-.0
10-19
63,000
11,500
7,750
11.000
5.250
51,500
64,000
16,500
17,000
16,750
436,000
36,750
>
1.
3,254
12*000
7,250
11,500
Total continental ports....
176,616
269,250
416,750
Total European stocks..
563,524
744,250 1,137,000 1,216,500
175.000
155,000
309,000
16,000
20,000
34,000
24,000
4,000
23,000
108,009
170,501
109,351
14.665
14,693
8,276
500
1,500
at Antwerp....
•
it
159,252
44.323
4.619
104,775
11,093
Stock in United States ports .
8tock in U. S. interior ports..
United States exports to-day.
....
887,586 1,068,766 1,465,285 1.751,199
the totals of American and other descriptions are as
Total visible supply
Of tbe above,
follows:
American—
..
.
.
.
326,000
209,000
20,000
109,351
14,665
1,500
405,000
308,000
34,000
108,009
358,000
296,000
8,276
14,698
445,191
680,516
863,285
855,699
134,000
126,000
285,000
388,000
65,908
78,616
23.000
30,250
34.500
159,252
4,619
60,250
175,000
4,000
108,750
155,000
23,000
140,000
309,000
24,000
442,395
445,191
388,250
680,516
602,000
895.500
863,285
855,699
187,000
98,000
44,323
104,775
11,093
10 17
10-21
10-22
10-23
10-24
10-25
34,500
11,250
55,000
12.500
60.250
For December.
..10 20
Closing.
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Sept. 19), we add the item of
exports from the United States, including- in it the exports of
| Friday only:
United States interior stocks.
United States exports to-day.
1,600
8,*00
3,000
1,700
1,000
—
op
500
1018
—
31
44
56
71
112 00.
To 2 P. M.
1,200
1,000
800
4.200
—
s.n.
October 10-64-10-54 10-61 62
Nov’ber 10-28-10-21 10-25 —
Dec’ber 10-24-10-17 10-21 22
Jan’ry. 10-30-10-25 10-28 29
Feb ’ry. 10-40-10*35 10-40 42
March.. 10-5610-50 10-53 56
April... 10-69-10-64 10-65 68
10-76 80
May.... 10-75
Tr. ord.
11-85
Closed.
Barely steady.
1,300
10-28
For
64
High. Low. Bid. Ask High. Low. Bid. Ask High. Low. Bid. Ask
11-90-11-73 11-81 82 11-92 11-74 11 80 81 1219-11-74 1213 14
10-82
600
—
Depressed.
10-81
1,100
—
Market.
1"-83
10-84
]0v*5
10-86
10-87
10-88
10-20
10 27
—
Friday.
10-38
10-:-9
10-22
10-23
..10-24
10-25
—
Thursday.
500
100
....
—
.
—
—
-
—
Steady.
1' -78
10-79
10-80
For November.
300.
10-21
—
Wednesday.
1,100
1,000
1,800
Closing.
Futures
3
35,200
For Day.
-1202
10-79 80 10-81-10-64 10-63
10-40
10-42-10-27 10-28
10*33 34 10-34-10-24 10*24
10-40 41 10-4110-33 10-29
10-52 54 10-52-10-50 10-42
10-64 66 10-63-10-60 10-54
10*77 79 10-75-10-72 10-69
10-81-10-80
12-15
1200
Weak.
Easy.
—
—
9
100
10-45
600.... .....10*40
300
10 47
800
10-48
10-49
1,700
200
10-50
12*15
10-95-10-79
10-49-10-40
1043-10-33
10-49-10-40
10-55-10-54
-10-66
10-79-10-75
12-20
Tp. ord.
10-34
10-40
10-41
10-42
10-43
10-44
Closing.
Day.
—
10-35
10-37
185,200
1,-00
—
100
10-95
..
—.
200
10-89
10 90
10 91
10-02
...H -93
10-94
1,200
Bales.
10-70
10-71
180.300
100 s.n l7thl '-02
1202
12 03
12-04
12-05
1201
Cts.
1,600
2,400.,
11-H0
11-8 L
11-82
1183
11-84
11-85
.l!-88
11-87
1,000
Bales.
—
240
2,100
3,000
5,230 459,000 11,240
Cts.
12-08
-
b0k-‘ too 00100
For forward delivery
Bales.
—
.
May....
For
Closing.
October 10-94-10-89 10-93 94
Nov’ber 10-50-10-43 10*49 Dec’ber 10-43-10-42 10-42 43
Jan’ry. 10-49-10-48 10-49 50
10-60 62
—
Feb’ry.. 10-6010*73- —
10-70 73
March
10-80 83
April... 10*84- —
*
$ lb. like like 1015,0 1078
1I716 like like ilk
11%
11%
ilk
119,0
12
12
1178
111316
Middling
Th.
13k
14k
Day.
High. Low. Bid. Ask High. IjOW. Bid. Ask High. Low. Bid. Ash
12*22-1214 12-20 - 1-2-22-1212 1214 - 1217-11-97 11-99 1
Frl.
Good Mid.. 127ie 12716 127ig 129l6 12«16 129,0 129i6 12k6 129,6
Str. G’d Mid 12U16 12H16 12llie I21316 121316 121316 121310 1213ie 121316
*
Sept’b’r
14316 143le 14ii6 145i6 14516 143ie 145,0 145,0 143,0
Wed
*
For
.
East Indian,
Brasil, dec.—
.
London stock
Continental stocks
.
.
.
Egypt, Brazil, &c., afloat.
.
.
.
Price Mid. Upl., Liverpool....
,
16,000
170,501
500
887,586 1.068.766 1.465,285 1,751.199
6kftd.
67iSd.
65lttd.
5ik6d
306
THE CHRONICLE.
These figures indicate a decrease in the cotton in
sight
of 181,180 bales as
compared with the same date of
to-night
1878,
de¬
crease of 577,699 bales as
compared with the corresponding date
of 1877, and a decrease of 863,613 bales as
compared with 1876.
a
At the Interior Ports the
movement—that is the
&ud shipments for the
receipts
week, and stocks to-night, and for the
corresponding week of 1878—is set out in detail in the following
Statement:
Week
ending Sept. 19, '79. Week ending Sept. 20, ’78.
[Vol. XXIX.
Dallas, Texas.—There has been no rainfall
during the week;
picking is progressing finely. The days have been warm
but the nights have been cold.
The thermometer has
averaged
75, the extreme range having been 59 to 93.
Brenham, Texas.—We have had no rainfall during the week
and are needing rain
very much.
Picking is proceeding rapidly.
The thermometer has
averaged 76, the highest being 83 and the
and
lowest 70.
.
Receipts Shipm’ts
Augusta, Ga
Columbus, Ga....
Stock.
54B0
4,572
2,577
3,3L8
7,114
5,886
1.525
2,429
6,553
3,605
29
200
1,017
415
190
Total, old ports.
25,104
19,705
Dallas, Texas....
1,871
Macon, Ga
Montgomery, Ala
8elma, Ala
Memphis, Tenn..
Nashville, Tenn..
Jefferson, Tex.*..
Bhreveport, La
500
Receipts Shipm’te Stock.
1,981
1,612
1,670
1,293
3,932
4
6,788
2,282
3,546
-
21
729
223
591
11,093
21,570
17,924
14,665
1.972
500
911
400
1,176
1,403
704
176
1,510
49
1,695
193
1,623
1,737
1,224
1,056
"Eufaula, Ala
416
258
589
277
1,916
1,677
200
250
100
656
1,132
182
232
60
676
50
250
50
251
9,459
6,032
1.556
2,172
5,491
1,707
2,842
Total, new p’rts
20,828
16,894
Total, all...
45,932
36,599
Griihn, Ga.*
Atlanta, Ga.*
Rome, Ga.*
Charlotte, N. C...
fit. Louis, Mo
-Cincinnati, O
*
'
2,565
1,711
2,078
4,007
2,984
495
■Vicksburg, Mies..
Columbus, Mies..
5,275
2,641
2,905
4,621
2,235
4,985
3,474
1,969
1,935
..
New Orleans,
Louisiana.—During the earlier part of the week
we had showers on two
days, the rainfall
248
2
60
521
2,100
1,932
218
59
1,250
4,060
1,483
3,183
1,171
.....
....
384
2,712
464
831
360
848
1,370
1,042
2,635
1,006
12,803
15,559
11,799
11,712
23,896
37,129
29,723
26,377
671
|
Estimated.
The above totals
increased
bales l
show
that
the
than at the same
period
pane towns have been 3,531 bales
ss
old
interior
during the week 5,399 bales, and
last year.
stocks
have
reaching ninetyinch, but the latter portion has been clear
and pleasant.
The thermometer has averaged 77.
Shreveport, Louisiana.—The weather during the week has
been clear, and roads are in excellent
condition. The thermometer
has averaged 71.
Vicksburg, Mississippi.—It has rained here on one day, the
balance of the week
having been pleasant. Cotton moves but
slowly as yet.
Columbus, Mississippi.—It has rained during the
past week on
one day, the rainfall
fourteen hundredths of an inch.
reaching
The thermometer has
averaged 76, the highest point touched
having been 81 and the lowest 71. Picking is progressing
finely.
About three-fourths of the
crop is now open. Rust is causing
cotton to open
prematurely.
Little Rock, Arkansas.—The
past week has been dry and.
pleasant, the thermometer averaging 68 and ranging
from 50 to 85.
Nashville, Tennessee.—There has been a rainfall
during the
past week of ninety-four hundredths of an
inch,
rain
having
fallen on two days.
The thermometer has averaged 66, the
highest being 83 and the lowest 48. Picking
is making fine
progress.
six hundredths of
an
Memphis, Ternlessee.—Rain has fallen during the week on two
days, but the balance of the week has been
pleasant. Crop
accounts are less
to-night 3,572
The receipts at the
are
favorable.
Much rust is
developing and the
in bottom lands is rotting considerably.
Owing to
quarantine regulations there is a
from the Plantations.—The
deficiency of pickers. The
is thermometer has
following
table
.prepared for the purpose of indicating the actual movement each
averaged 69, the highest being 86 and the
lowest 51.
The rainfall has reached
week from the plantations.
twenty-eight hundredths of
Receipts at the out ports are some¬ an inch. Last week the
times
average thermometer was 71, the
misleading, as they are made up more largely one year
than another, at the
highest 88 and the lowest 56. There had been rain on one
expense of the interior stocks.
We reach,
day,
with a rainfall of two hundredths of
an inch.
therefore, a safer conclusion through a comparative statement
Mobile,
Alabama.—It
like the following:
rained severely one
day, the earlier part
of the past week, but we have had
clear, pleasant weaiher the
RECEIPTS FROM PLANTATIONS.
latter portion.
Picking is making fine progress. Average ther¬
mometer 73, highest
Week
88 and lowest 61. The rainfall for the
Receipts at the Ports. Stock at Inter’r Ports
Rec’ptsfrom Plant’ns
week is thirty-eight hundredths of an inch.
ending—
4677.
1878.
1879.
1877.
1878.
1879.
1877.
1878.
1879.
Montgomery, Alabama.—We had light showers on two days
2
of the week, the rainfall
Mar
16,560 31,196 22,2'8 107,534 .75,550 78,962
7,020 17,604 13,951
reaching thirty hundredths of an inch.
9
Tbe rest of the week has been
17,300 24,252 19,031 97,696 65,770 71,546
warm and
7,471 14,472 11,615
dry. Crop accounts
16
16,28*- 20,097 19,897 86,376 56,433
are more favorable.
59,249
4,968
10,760
7,600
Picking
is
23
progressing
finely, and planters
12,147 19,732 16,673 79,009 46,305 51,429
are
4,788 9.604
selling freely. The thermometer has ranged from 59 to
8,853
90
9,660 18,220 17,113 67,786- 39,025 42,198
90,
10,940
7,882
averaging 73.
Jena 6
9,390 12,380 11,089 57,509 34,154
37,570
7,509
Selma, Alabama.—There has been no rainfall
6,461
13
8,526 11,231
6,612 52,154 20,315 32,429
during the week,
3,171
the weather
6,392
1,471
20
having been warm and dry. Picking is making fine
8,526 10,721
7,188 45,769 23,287 29,306
2,141
4,693
4,065
27
progress, and cotton is being sent to market
6,519
6.879
6,293 35,811 21,240 25,223
freely.
2,210
4,832
July 4
Madison, Florida.—It lias rained during the past week on one
6,102
5,949
3,637 32,077 19,675 22,388
2,368 4,384
802
11
4.404
day. The thermometer has averaged 88, the
5,287
3,032- 28.997 18.033 20,691
1,324
3,645
1,335
highest being 96
18......
and the lowest 65.
3,676
3,782
2,809 27,979 15,494 15,528' 2,658
1,243
25
3,299
4,086
3,272 25,361 12,527 14,418
Macon, Georgia.—We have had no rainfall
681
1,119
2,154
during the week.
Aug. 1
2,691
3,671
The thermometer has
2,503 22,472 11,005 13,966
; 2,149
ranged from 64 to 88, averaging 78.
2,059
8
2.102
3,069
3,945 21,574
8,346 13,049
410
1,204
Columbus, Georgia.—There has been no rainfall
3,028
15
1,733
4,657
3,462 19,118
during the
6,238 11,477
week.
The thermometer lias
2,549
1,890
22
2,644
averaged 78. Picking is progress¬
5,699
4,843 17,600
5,999
7,463
1,126
5,460
829
ing finely.
29
4,335 15,784
4,875 16,278
6,593
7,301
3,013 16,378
4,713
Savannah, Georgia.—We had a rainfall on one
Bapt. 5
5,885 26,750 13.920- 16,449
9,9799,598
day the past
6,058 30,136 16,217
12...*..
week,
but too light to measure, the rest of the week
12,109 47,431 30,054 16,272 18,971 14,563
11,932 56,423 35,019 been
having
19
22.345 74.355 76,933 15.104 26,377
pleasant. The thermometer has
23,896 21,177 81,761 86.266
ranged from 60 to 86,
averaging 74.
The above statement shows—
Augusta, Georgia.—The weather during the week has been
1. That the total
receipts from the plantations since Sept. 1 in warm and
dry and favorable for picking. The top crop, it is
1879 were 137,502
bales; in 1878 were 168,320 bales; in reported, will be
poor from want of rain.
lb77 were 39,165 bales.
is pro ressing
finely and planters are sending their cotton PickiDg
2. '1 hat the
to market freely, the
receipts at the out ports the past week cause of the
large receipts this week being that planters want, to
were 76,933 bales and
the actual movement from
plantations secure present prices. Average thermometer 73,
86 .66 bales; the balance
highest 90 and
being added to stocks at the in¬ lowest 56.
terior por s.
Last year the receipts from the
plantations for the
Charleston, South Carolina.—The weather
some week were
81,761 bales, and for 1877 they were
during the week has
21,177 bales. been warm and dry, the thermometer
averaging
75, and ranging
Weather Reports by Telegraph.—The
from 63 to 84.
weather during
The following statement we have
the past week has
also received by
generally continued favorable for the
develop¬
showing
the height of the rivers at the points named attelegraph,
ment and
3 o'clock
ingathering of the crop. Reports are
consequently Sept. 18, 1879.
more
satisfactory, and excellent progress is being made in
Sept. 18, ’79. Sept. 19, '78.
picking.
Galveston, Texas.—It has rained
Feet. Inch.
Feet. Inch
during the week on one day, New Orleans
Below high-water mark
12
6
tbe rainfall
Memphis.i
Above low-water mark...
reaching twenty-five hundredths of an inch. The Nashville
7
2
Above low-water mark...
1
11
thermometer has ranged from 70 to
Above low-water mark...
84, averaging 77. There is Shreveport
1
4
-
-■
wore
than the
same
year.
Receipts
week last
bottom crop
%•
-%*
•
•
•
•
....
a*
**
at
•
•
•
•
at
Cl
44
-
....
at
....
aa
at
....
at
44
44
..
change to report in crop prospects.
Indianoia, Texas. We have had a
week, the rainfall reaching one inch
Vicksburg
HO
New
•
—
hard rain
and
on one
thirty-six
day of the
hundredths,
which pr ved beneficial to stock
and fall
but otherwise
gardens,
was of little effect.
Average thermometer 76, highest 83 and
lowest 70.
Above low-water mark...
..
16
7
Orleans reported below
high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was
changed to high-watei
mark of April 15 and
16, 1874, which is 6-10ths of a foot above
1871,
or
lb feet above low-water mark at
that point.
Comparative Port Receipts and Daily
Crop Movement.—
comparison of the port movement by weeks is not
accurate,
as the weeks in different
years do not end on the same
day of the
A
Corsio.va, Texas.—'Roan has fallen
during the week on one month. We have consequently added to our other
day, to a depth of eighty-eight hundredths of an
standing
inch. Picking tables a daily and monthly statement, that the
as
reader.may
con¬
progressing finely. The thermometer has
stantly have before him the data for
seeing the exact relative
averaged 76, the movement for the
highest being 93 and the lowest 60.
years named.
First we give the receiDts at
each port each day of the week
ending to-night.
r
September 20,
TORT RECEIPTS PROM
New
of
Or¬
we'k leans.
D’ye
Bat..
Mobile.
1,144
3,063
Mon
Tues
627
Wed
Thur
1,345
2,064
2,585
Fri..
8ATURDAY, SEPT. 13, '79, TO FRIDAY,
| Char-
jleston.
Savan¬ Galnah. vest’n.
516(’ 1,164
663| 2,568
637| 2,176
424J 1,473
503! 2,546
419|
Tot.. 10,828
THE CHRONICLE.
1879.]
2,165
Wil¬
Nor¬
folk.
All
others.
ming¬
ton.
2,183
2,934
4,547
4,547
4,698
5,125
1,185
4,875
2,245
3,724
2,453
855
SEPT.
19, '79.
Total,
76
600
201
665
1
859
683
818
432
12,215
313
290
379
593
764
445
12,995
14,071
1,508
474
1,824
14,955
7,069
15,628
4,343 2,947 4,140 76,933
The movement each month since SSept.
1 has been as follows:
Year
■Sept’inb’r
October..
Novemb’r
Decemb’r
January
February.
.
March...
April..
..
May
June
July
August...
1878.
288,848
689,264
779,237
892,664
616,727
564,824
302,955
166,459
84,299
29,472
13,938
1876.
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
18,081
458
52,595
1875.
236,868
675,260
901,392
787,769
500,680
1874.
449,686
182,937
100,194
68,939
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
36,030
17,631
14,462
66,293
42,234
29,422
33,626
71,985
42,142
20,240
34,564
Corrct’ns.
Beginning September 1.
1877.
1873.
134,376
536,968
115,255
355,323
576,103
676,295
759,036
811,668
702,168
482,688
332,703
173,986
127,346
59,501
31,856
23,394
12,299
444,052
383,324
251,433
-
133,598
81,780
56,010
17,064
13,524
9,709
Total year 4,447,276 4,345,645
4,033,141 4,191,142 3,497,169 3,804,290
Perc’tage of tot. port
receipts Aug. 31..
9879
98-36
98-28
99-72
99-68
Corrections
01-21
01-64
01*72
00-28
00-32
Total port receipts.. 100-00
100-00
100-00
100-00
10000
This statement shows that
up to Aug. 31 the receipts at the
ports this year were 101,631 bales more than in 1877 and
409,135
bales more than at the same time in 1876.
The receipts since
September 1, 1879, and for corresponding
dept. 1....
3,490
1,848
2....
44
3....
1,391
44
4....
5....
6....
7....
8....
9....
10....
11....
2,264
44
44
14
44
44
44
44
44
44
44
15....
44
16....
44
17....
18....
19....
44
44
4,927
2,104
8.
5,454
5,124
4,878
4,858
7,636
7,069
12....
13....
14.,..
44
Total
as
and bales last month.
“Shedding.”—Want of space has compelled us to transfer
to our editorial columns an item on this
subject.
Increased Receipts.—The sudden increase in the
receipts of
cotton at the ports, which
began on Monday last, has been a
surprise to the trade. For many weeks there was a
falling off
as
compared with the corresponding periods of the previous
season, and ever since we have been
mainly dependent upon the
new crop, the
receipts have been previous to this week scarcely
more than half as
large as last year. This was very naturally
ascribed to the lateness of the
crop, although in point of fact
the difference between a late and an
early crop is not nearly so
great as many suppose. Besides, the crop in a part of Texas
was everywhere
acknowledged to be, from the effects of drought,
rather earlier than usual, and, as we stated in
our crop
report
last week, in portions of
Mississippi and Louisiana cotton is
fully as forward as last year. The great increase in the
receipts must therefore be ascribed (1) to the fact that the
plant is not everywhere as backward as many have claimed;
(2) to the absence of yellow fever this year in sections where it
delayed the marketing last year; and (3) very largely to the
much higher prices for cotton on the
spot and for September
delivery than for November and December, a difference of
from $7 to $9 a bale —an amount
by no means inconsiderable to
the average planter. Many believe that
receipts in October will
be decreased by the special efforts to
promote supplies for
September, but this is an idea purely speculative, and must be
so regarded.
Bombay
1879.
44
have been
years,
follows.
readers, but it is due to the fact that the decline in condition
August was even more marked than it has been this August.
In fact, August
always is an unfavorable month so far as reports
go, because there always is and always will be rust and shed¬
ding, which scares the average observer into a belief that the
crop is actually lost or nearly so. Taking, however, the
Depart¬
ment’s
averages for the four months, and allowing for
increased acreage, the decrease in the
crop,
month’s figures, is about one hundred and according to this
twenty thousand
bales, compared with about one hundred and seventy-five thous¬
some
last
3,212 12,092 24,034 15,337
Monthly
Receipts.
S.
1878.
1876.
408
5,708
4,051
4,799
4,224
7,116
4,108
1,246
S.
616
4,630
2,996
3,414
3,111
1,008
754
1,701
1,655
13,115
3,085
1,398
3,108
1,664
2,524
2,459
8,923
4,788
7,752
6,085
7,899
7,538
10.425
5,063
S.
10,032
11,125
4,109
3 >5dq
13,925
10,417
120,907
130,752
34,353
93,777
s;
15,127
8.
Percentage of total
p'rt rec’pts Sept. 19
02-94
00-77
02 32
1,064
1,265
1,380
1,734
1,407
1,075
1,615
1,682
3,228
3,390
3,116
3,621
3,928
3,137
1,957
1,841
2,746
3,423
3,214
S.
S.
7,119
6,512
5,417
5,404
6,209
5,327
Report
Shipments this
Great Conti¬
Brit’n. nent.
i,odo
6,000
3,000
From the
year,
Great
Total. Britain.
Conti¬
(
1.
Total.
nent.
6,OOo 249,000 341,000
2,000 3‘ '8,000 392,000
1,000 376,000 408,000
9,0 i0 544,000 362,000
Receipts.
This
Week.
590.000
700,000
784,000
906,000
5,000
2.000
1,000
ments
an
01-60
which had been
785,000
855.nOO
995.0* K>
999,000
appear that, compared with last
increase of 4,000 bales in the week’s
ship¬
from Bombay to Europe, and that the total
movement
January 1 shows a decrease in shipment? of 110,000 bales,
compared with the corresponding period of 1878.
India Shipments Other Than Bombay.—Below
week’s shipments of cotton to
55,800
Since
Jan. 1.
foregoing it would
there has been
3,921
6,641
62,367
6,000
2,000
Shipments since Jan.
since
6,225
S.
1879
1878
1877
1876
week
5,642
5,176
3,842
01-49
table the percentages of total
port receipts
received Sept. 19 in each of the years named.
Thursday, Sept. 18.
S.
This statement shows that the
receipts since Sept. 1 up to
to-night are now 9,845 bales less than they were to the same
day of the month in 1878* and 86,554 bales more than
they
were to the same
day of the month in 1877. We add to the last
Agricultural Department’s
cable dispatch received
been
bales shipped from
Bombay to
Great Britain the past week and
6,OOU bales to the Continent;
while the receipts at
Bombay during this week have been 5,000
bales. The movement since the 1st of
January is as follows.
These figures are brought down to
2,145
3,764
S.
15,628
12,215
12,995
14,071
14,955
1874.
S.
3,982
4,708
S.
7,341
6,258
7,982
8,627
10,714
1875.
1,918
1,691
S.
S.
Shipments.—According to our
to-day, there have
1877.
S.
30T
give the
we
Europe from Calcutta. Madras,
Rangoon and Kurrachee. These
Tuticorin, Coconada, Car war,
figures are collected for us and forwarded by cable. For the
week ending Sept. 18 the
shipments were as follows. We also
give the totals since January 1 and the figures for previous
years
for
comparison.
Shipments this
Great
Britain.
Conti¬
4,000
2,000
1,000
6,000
3,000
1,000
1879
1878.
1877
1876
week.
Total.
nent.
5,000
2,000
3,000
7,000
Shipments since January 1.
Great
Confi"
Britain.
nent.
234,000
114,000
79,000
120,000
Total.
124,000
5-sOOO
50,000
87,000
358,000
172,000
129,000
207,000
September.—The
The above totals for this week show that the
Agricultural Department has issued its September condition
movement from
the ports other than
is
bales
Bombay
3,009
more than same week
report, showing, as the Department’s states, an average for the of last
year.
month of 85, against an average of 91 last
month. The follow¬
Alexandria Receipts and
Shipments.—Through arrange¬
ing table gives the Department’s figures for each month this ments we have made with Messrs.
Davies, Benachi & Co., of
season and last
Liverpool and Alexandria, we shall hereafter receive a weekly
season, with the averages for the four months:
cable of the movements of cotton at
Alexandria, Egypt. The
following are the receipts and shipments the past week, and for
1879.
1878.
the corresponding weeks of the
previous two years.
States.
for
<D
June. July. Aug. Sept.
bC
>
<
>>
June.
3
Aug. Sept.
to
*5
North Carolina
98 104
86
83
92*7
87
81
82
86
South Carolina
84-0
94
82
81
84-5
99 104
97
80
Georgia
95 0
93
81
86
87
82
Florida
95
91
87
85
Alabama
96
96 100
84
1878.
1877.
Receipts (cantars*)—>
This week
5,o00
Since
6,500
Sept. 1
5,000
13,000
25,000
40,000
99
91
97*0
This
Since
This
vveek
Since
98*2
Sept. 1.
This
92
week
Since
98
Sept. 1.
week
Sept. 1.
92
89
94*2
90
83
91*5
1,400
1,050
500
1,500
3,500
200
200
200
700
J
3,500
Mississippi
99
92
98
89
95
93
89
87
91-0
Texas
94
90
79
66
This
1879.
92
Louisiana
Tennessee
,
87-0 101 105
89-5 98 100
94-0 101 102
94-5 98 98
Arkansas
Alexandria, Egypt,
Sept. 18.
98
95
81
94-7
82-2 104 106 108 101 102*2
100 103 96 99 99-5 98 91 98 98
96-2
941101 105 107 101-7 97 98 92 91
94*5
Exports (bales)-To
Liverpool
Total Europe
1.400
1,650
,50o
statement, it will be seen, furnishes a little more favora¬
This statement shows that the
ble comparison with last
receipts the past week have
year than the statement did which we been 5 500
cantars, and the shipments to all Europe have been
made up with the previous month’s
report. This may surprise 1,400 bales.
THE
.
CHRONICLE.
rV0L. XXIX,
Below we give all news received to date of disasters to vessels
received from
been no actual carrying cotton from United States ports, etc. •
change during the week in the prices for either shirtings or twist, Aug. 29. Bark Zaritza (Swd.), Skantze, at New York, Sept. 13, from
Havre, on Aug. 29, lat. 44 18, Ion. 40 35, picked up a bale of cotton
but that the market is inactive and that prices favor buyers. We
that had been on fire, partly covered with barnacles; could find no
therefore repeat last week’s quotations.
We leave previous
marks, and had apparently been a long tiifie in the water.
weeks’ prices for comparison.
European, steamer (Br.), Thomson, from New York, Sept. 6, for Liver-
Manchester Market.—Our market report
Manchester to-day (Sept. 19) states that there has
1879.
32s
d.
d.
s.
834®914 6
8 34@9*4 6
“
15
834®914 6
“
221 83*0938 6
“
29 878®912 6
5 878®912 6
Sept.
“
12
878®9l2 6
"
19 878'2>912 6
3
3
3
3
d.
4*2
4Lj
4*2
412
@7
07
07
@7
6
6
6
6
d.
Shirtings.
d.
d.
8.
9
6
6
6
6
6
6
5
5
09^
65I6 87809!2
63s
87809!2
8 78 0 9 !2
6y16
613i0 834 0)938
61316 33*0938
6i:i16 8120914
S!209l8
6^8
6yie
er
Cott’n
Mid.
8i4lbs.
Cop.
Twist.
Uplds
d.
e.
l12/2>7
li2<z>7
1^07
1*2®7
•**-1
32s
Mid.
Shirtings.
Twist.
d.
Cott’n
8% lbs.
Cop.
Sool,machinery
with cotton,
&c., put
into broken
Halifax,down
P. M. on
of the
disabled,
the 10th,
9th. with
She
having
1878.
412
3
3
112
0
0
9
9
9
9
6llie
6H16
6*2
quality, and these figures were paid for2 000 bales.
The Exports
Cotton from New York this week show
of
an
increase, as compared with last week, the total reaching 10,329
bales, against 4,944 bales last week. Below we give our usual
table shewing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1879, and in the last column the total
tor the same period of the previous year.
Exports of Cotton (bales) from New York since Sept. 1, 1879.
Week
Exported to—
Liverpool
27.
3.
300
Great Britain
to
Sept.
5,618
Other British ports
Total
Aug.
6,600
6,849
Sept.
Total to period
date. previ’us
Sept.
10.--
4,814
Same
17.
year.
9,413
18,709
10,303
5,918 13,449
4,814
9,413
18,709
10,303
311
130
916
1,357
287
Havre
Other French ports
Total French
311
Bremen and Hanover
I
ending—
130
916
1,357
287
Havre, steam
do
.
.
c.
Hamburg, steam .c.
sail
Baltic, steam
*
Wednes.
316® *4
-®732
-
Fri.
3l6®14
•
-
0 38*
...
Thurs.
.-®732
0 5g*
..
-
...
...
.'3)12
316'S)14.
®732
.®732
0 ^8*
..
.0!2
..
-0LJ
Spain, &c
Grand
.
...
...
...'012
..
.0*2
.'@12
'd).... ...0....
c.
...'a)
...'a)
d.
...0
...'a)
...0....
.-0
...0....
'a)....
.
..
*2
....0
0
—
...'a>
Livbrpool.—By cable from Liverpool,
.0
...0
<0
...0
..
have the following
we
sales, stocks, &c., at that port
:
-
Sept. 5.
Aug. 29.
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
,
....
The tone of the
60,000
2,000
42,000
6,000
4,000
417,000
266,000
47,000
9,000
4,000
132,000
Sept. 12.
50,000
1,000
38,000
4,000
•
2,000
379,000
237,000
12,000
10,000
6,000
131,000
26,000
19.000
■
Sept. 19.
48,000
4,000
34,000
6,000
4,000
341,000
205,000
11,000
4,000
39,000
600
27,000
6,000
1,000
321,000
187,000
17,000
9,000
4,000
115,000
32,000
6,000
118,000
26,000
Liverpool market for spots and futures each day of
the week ending Sept. 19, and the daily closing prices of spot cotton,,
have been as follows:
Wedn’sdy Thursd’y
Saturdayj Monday. Tuesday.
Spot.
Market,
12:30 p.m.
A
?
Dull.
J
Dull
and
easier.
shade
Quiet.
easier.
Friday.
Dull
and
Dull.
easier..
6 34
6%
6*8
67s
611x6
613x6
65s
678
6 34
6 34
5,000
7,000
1,000
6,000
1,000
7,000
6,000
1,000
69hJ
6uie
?
$
500
1,000
6;ooo
1,000
The Following
4,944 10,329
Receipts
are the
5 P.
20,066
Cotton at New York,
of
September 1, 1879:
New York.
Receipts
from—
N. Orl’ans
Texas....
Savannah
Mobile
Florida...
S.Carolina
N.Car’lina
Boston.
Philadelphia.
This
Since
This
Since
This
week.
Sept. 1.
week.
Sept. 1.
week.
2,869
5,387
6,664
Baltimore.
This I
Since
Sept.l. week.
Since
JSept. 1
105
105
452
560
431
Virginia..
214
492
4,310
1,017
3,524
968
2,833
North.p’ts
Tenn., &c.
Foreign..
*41
'■
21
189
189
1,206
1,762
1,166
76
765
1,347
213
214
This year. 23,644
35,627
2,423
3,222
528
Last year. 20,502
39,926' 3,873!
5,038
1,159
12,593 bales.
923
158
493
2,059
1,931
1,067
2,055
So far
New York—To Liverpool, per steamers Helvetia, 1,103
nre as
particulars of these shipments, arranged in
Philadelphia
Total
6
6
Liverpool.
9,413
1,522
450
80
181
11,646
Delivery.
Dec.-Jan
6*2
6732
61x6
Havre.
our
916
*
-
+ *
m
m
m
m
m
916
■
.
6I32
6I32
6I32
6I32
Jan.-Feb
Feb.-Mar
Mar.-Apr
Delivery.
Sept.-Oct...
Sept.-Oct
6^
Oct.-Nov
63ie
.•
Delivery.
6%
Nov.-Dec
6*2
Mar.-Apr...
Sept
.-6I32
6I32
6i932
Delivery.
Sept.-Oct
61S3b
Dec.-Jan.
Feb.-Mar.
6
6
Wednesday.
Delivery.
Delivery.
Sept
6i732@9i6 Sept.-Oct
Sept.-Oct
61332 Sept
Oct.-Nov
6%@532 8ept.-Oct
Nov.-Dee
6
Sept.-Oct
Mar .-April
Dec.-Jan
6
Delivery.
671C
6i <32
61332
638
Jan.-Feb....
58i3o
Shipments.
OCt.-Nov., n. crop,
sail
6
53i32
Thursday.
Delivery.
Delivery.
Delivery.
Oct
.638
.638
April-May..
6I32
Sept.-Oct
6!332
Sept.-Oct
.612
Sept
8ept.-Oct...„ .638®1132
Oct.-Nov
6332
Delivery.
May-June
6ii«
Nov.-Deo
Jan.-Feb
Feb.-Mar
5i°i6
515is
Sept.-Oct
6H32
Shipment.
36
Nov.-Dee
Sept.-Oct
450
Apr.-May
9,413
916
1,522
Sept.-Oct
Oct.-Nov
80
53i3§
53is2
6 s#
.618
.i
Friday.
Delioery.
53i32
6
Oct.-Nov
Delivery.
--65iq
61ie
Oct.-Nov.,n.
sail
515x£
crop.,
5«i*
181
Total.
1,558
80
181
36
12,598
•
Dec.-Jan
Dec.-Jan
Jan.-Feb
*.
•
d.
6I32
6I32
6
450
*p m
m
Delivery.
Mar.-Apr
Nov.-Dee
10,329
36
buy-
at last
-61732
usual form,
Vera Cruz.
e rs
Tuesday.
Delivery.
BRE ADSTUFFS.
12,598
„
follows;
New York
New Orleans
Baltimore
Boston
Dec.-Jan
Oct.-Nov...
Nov.-Dee...
pus,
Total
d.
61 iQ
6T32 I Jan.-Feb
Olym¬
2,077
Germanic, 1,133—Baltic, 1,164
Montana,
1,627
Algeria, 1,729
Halley, 580
To Havre, per steamer St. Laurent, 916
New Orleans—To Liverpool, per steamer Ariel, 1,522
To Vera Cruz, per schooner, Seguin, 36
Baltimore—To Liverpool, per steamer Nova Scotian, 450
Boston—To Liverpool, per steamer Samaria, 80
Philadelphia—To Liverpool, per steamer Indiana, 181
Flat.
Sept
Total bales.
The
-6173S091 ft
Sept.-Oct..
same
night of this week.
‘
-
d.
Delivery.
611x6 I Nov.-Dee
Oct.-Nov...
718
Weak.
Monday.
Sept
Sept.-Oct..
as the Southern ports are concerned, these
exports reported by telegraph, and published in
The Chronicle, last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
the
..
Oct.-Nov...
172
21
94
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
are
Delivery.
Sept
Sept.-Oct
Sept
780
Easier.
quotations
Delivery.
...
3,731
more
Dull.
Steady.
The actual sales of futures at Liverpool, for the same week, are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
4,563
11,194
8,965
M.
10,590
Boston, Philadelphia and Baltimore for the past week, and since
Firmer,
?
£
Market,
5,937 13,760
total
.'@58*
...09x6* ...0916* ...@916* ...'®916*
-0yx6*
0716
07i6 ...®716 ...®716 ...®710 ..-®716
...0*916 ...0916* ...®916*
...'0918* ...'®9lfiv
statement of the week’s
Spec. & exp.
t
-
...©Li
Futures.
Tot at,
-
..
Compressed.
Sales
All other
Tues.
®732
0 58*
-
follows:
as
d.
sail
do
-
..
...c.
sail..
do
-
...
Amat’d’m, steam c.
1
Spain, Op’rto, Gibralt’r, &c
,c.
sail
do
...0732
c.
Bremen, steam.
5 P. M.
19
Mon.
c.
sail
Market,
North. Europe
to
sail., d.
do
do
Cargo uninjured.
freights the past week have been
Mid. Upl’ds
Mid. Orl’ns.
19
Hamburg
Other ports
Total
the 11th.
Liverpool, steam d. 3x60
6716
Gunny Bags, Bagging, Etc.—Bagging has not been very
active since our last report, but a fair inquiry is still to be noted,
with rather more demand at the close.
No change has been
made in prices, which are ruling very firm, holders quoting 8f@
9c. for If lb., 9fc. for 2 lb. and 10£c. for standard quality.
Butts continue to sell freely, and, with no further- arrivals, the
market is strong, with nothing offering at less than 2 9-16@
2 11 16c., as to
on
Satur.
65q
6^8
6916
6!ll6
4Lj
11208
1^08
11208
@7
07
repairs
d.
4^08
4^08
@8
Cotton
Uplds
d.
s.
commenced
Friday, P. M., Sept. 19,-1879.
further advance in
prices of flour during
past week, in which all grades have participated. The
demand has been very good, and the receipts only moderate,
and yet there is no doubt that the higher prices are due more
to sympathy with the course of wheat than to any excess of
There has been
a
the
demand
oyer
supply,
The leading business for export of late
September 20,
THE CHRONICLE.
1879.]
309
V
has been at $4 75@4 85 for common extras np
to $5 50 for good.
Sound old flours from spring wheat are not plenty, and, as
usual at this season, meet with an exceptional demand for
mixing. Rye flour and corn meal have shared in the improve¬
ment. To-day there was a partial advance at the opening, but
it was not fully maintained, and the close was quiet.
There has been a very buoyant market for wheat, with much
speculative activity; but the regular export and milling trades
have been rather quiet, buyers not readily meeting the advance
demanded from day to day. Thursday, on advices by cable
indicating a probable deficiency in supplies to meet the wants
of Europe, there was an advance in winter wheats of 3@4c. per
bush., with some improvement in spring wheat. No. 2 red
winter sold at $1 19@1 9% on the spot and for October delivery
and $1 20 for November ; No. 2 white at $1 22 for September
and $1 20M for October; and No. 2 spring was quoted at
$1 11@1 12.
Receipts are again large at the Western
markets, and the visible supply accumulates on the already
large figures recently published. To-day the market opened
buoyantly, with sales for October delivery at $1 13% for No. 2
spring, $1 21@1 21% for No. 2 red winter, and $1 22 for No.
1 white; but the close was at a decided reaction and unsettled.
Indian com has made a large advance in No. 2 mixed, large
sales being made yesterday at 50c. for October deliveries of
that grade.
Other qualities have shared but little in the
improvement. Supplies are large at all points, but there is
speculative confidence in higher prices.
A larger demand
from the South is expected, owing to the partial failure of the
crop in that section. To-day there was an advance to 52c. for
No. 2 mixed, followed by some decline.
Rye has been active and buoyant. There was a large busi¬
ness on Wednesday in No. 2 Western at 69/£@70c., to arrive and
on the spot.
To-day the market was quiet and prices nominal.
Oats have met with a much better inquiry from the local
trade, causing a material improvement in values. To-day the
market was firmer, with No. 2 graded quoted at 36c. for mixed
and 36%c. for white.
The following are closing quotations :
FLOUR.
GRAIN.
# bbl. $3 50® 4 10
Superfine State and
No. 2. .1
4 25® 4 60
Western
Extra State, &c
4 80® 4 90
Western spring wheat
extras
do XX and XXX...
White.....
No. 1 white
Corn—West, mixed
4 85® 515
Western No. 2...
Western Yellow..
Western White...
5 00® 6 00
do XX andXXX...
Minnesota patents...
<City shipping extras.
Southern, bakers’ and
family brands
South’n ship’g extras.
Rye flour, superfine..
1 12
® 1 10
®1 14
115
®1 20
119
®1 19*2
116
12L
®1 22
51
®12L!2
®
6114®
51^®
5 75® 7 50
4 85® 5 65
Rye—West’n, No.2.
70
®
5 65® 6 25
5 10® 5 50
3 80® 4 10
State and Canada
Oats—Mixed
White
Barley—Canada W
72
34
36
®
®
®
2 28® 2 60
2 90® 3 00
State, 4-rowed
State, 2-rowed
Peas—Can’da.b.&f.
70
®
®
®
®
Corn meal—
Western, &c
Brandywine, <fcc
54
®
52
51*2
52
57*2
71
74
36*2
38*2
85
Receipts of flour and grain at Western lake and river ports
for the week ending Sept. 13:
At—
Flour,
Wheat,
bbis.
bush.
Com,
Oats,
bush.
(196 lbs.) (60 lbs.)
(56 lbs.)
33,980 1,197,056 1,519.395
396,500
21,200
986,180
107,166
7,084
409,171
2,708
155,350
2,615
43,300
41,751
570,196
45,670
18,800
1,535
149,750
Chicago
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
Peoria
Duluth
27.578
Total
114,543 3,733,253 1,889,189
Previous week. 112,314 3,975,483 2,466,206
Same time ’78.. 111,988 2,945,871 1,989,272
Total receipts
for four years:
at
same
Barley. Rye,
bush.
bush
bush
(32 lbs.) (48 lbs. (56 lbs.)
300,514 140,426 119,116
22,600 160,517 29,050
52,262
7,011
6,004
42,400
137,415
27,063
67,471
696
3,150
16,632
56,800
25,000
21,150
....:.
617,995 420,477 196,805
784,506 317,349 216,025
768,680 506,503 186,934
ports from Jan. 1 to Sept. 13, inclusive,
1879.
1878.
1877.
1876.
Flour
bbls.
4,456,282
3,863,019
2,883,147
3,605,609
Wheat
Corn
Oats
bush.
59,408,211
70,243,129
22,123,108
55,085,524
72,918,440
33,632,335
3,433,601
3,093,158
4,452,623
3,470,421
22,426,271
59,462,648
15,379,671
3,683,818
3,914,406
Total grain.... 158,301,207
158,581,096
104,865,818
114,067,152
Barley....
Rye.
.
22,654,088
Total
'
to
receipts (crop movement) at the
Sept. 13, inclusive, for four years: *
1879.
Flour
Wheat
1877.
1876.
669,841
22,142,743
21,078,537
17,215,022
20,414,283
12,134,746
16,795,053
6,061,220
1,009,199
1,311,319
8,993,047
1,521,772
1,411,112
7,188,197
15,268,734
'4,733,808
3,826,152
904,479
434,480
47,739,503
52,518,756
35,601,720
27,416,203
bush.
Total grain
....
ports from Aug. 1
649,305
838,417
Barley
Rye
57,673,082
17,662,860
3,667,969
1,430,896
666,360
bbls.
Cora
Oats
1878.
same
963,635
698,640
Comparative shipments of flour and grain from the
ports from Jan. 1 to Sept, 13, inclusive, for four years:
1878.
4,840,552
4,064,199,
3,040,090
2,883,154
Wheat
Corn
Oats
bush.
52,449,094
62,548,936
16,219,986
2,352,351
2,884,511
45,771,505
61,648,457
15,487,608
1,920,996
2,570,157
19,692,841
52,853,618
11,514,563
2,507,438
1,726,676
31,839.446
54,608,993
15,166,908
1,458,113
136,454,878
122,398,723
88,300,136
104,294,183
Barley
Rye
Total grain
....
Rail and lake shipments from same
Week
Flour,
ending—
Sept. 13
Sept. 6
Aug. 30
Aug. 23
same
1877.
.
Corn,
Oats,
bbls.
bush.
bush.
bush.
130,086
138,367
155,881
134,847
3,134,958
2,620,856
2,555,396
2.438,317
1,719,059
1.602,817
1,220,717
Barley,
Rye,
bush.
bush.
439,112 138,164 161,646
627,430 37,327 209,540
600,209 37,780 181,307
564,797 19,165 304,065
2.387.109
2,912,366
Total, 4 w’ks. 559,181 10,749,527
1876.
ports for the last four weeks:
-Wheat,
,
8,621,351 2.231,548 232,136 856,558
8,986,312 4,075,594 292,112 559,201
Tot.4 wks’78 461,574 10,951,282
Receipts of flour and grain at seaboard ports for the week
Sept. 13:
ended
Flour,
At—
New York
Wheat,
bbls.
Boston
,
Portland
Montreal
bush.
117,447 2,569,166
67,641
165,352
Philadelphia
Baltimore
New Orleans
i.
Total week
Previous week...
Cor. week ’78....
Cor. week ’77....
Com,
Oats,
bush.
bush.
13,035
480,629
17,789
678,500
21,286 1,036,900
22,370
277,547
208,773 1,902,951 2,184,071 603,498
Sept. 13, inclusive,
1879.
1878.
...bbls.
7,118,181
6,122,616
Wheat... ..bush.
91,257,824
79,747,176
15,548,412
1,779,708
2,789,086
191,122,206
.
Corn
Oats
Barley
Rye
Total
..
grain
....
bush.
262,558 5,209,394 1,405,302 536,083
228.485 4,769,743 2,047.413 544,995
228,5^4 5,125.966 2,238,254 731,992
And from Jan. 1 to
Flour...
Barley,
738,765 224,506
98,623 140,137
5,900
1,500
141,167 15,818
143,850 92,050
269,100 39,000
7,897 23,072
2,990
Rye,
bush.
2,750 140,9S4
7,100
'
420
3,050
1,000
K>,270 145,034
7,100 151,961
9,760 143,045
9,000 193,854
for four years:
1877.
1876.
4,816,292
6,466,271
67,553,729
80,955,732
16,333,^06
2,493,275
3,260,955
14,988/32
62,761,998
12,767,077
1,403,743
30,122,894
63,555,747
17,225,693
2,853,262
519,506
170,596,897
94,137,590
114,277,102
,
2,216.240
Exports from United States seaboard ports and from Montreal*
ending Sept. 13:
for week
From—
New York
Boston
Portland .;
Montreal......
Philadelphia..
Baltimore
bu. $1 07
No. 2 spring
Amber winter...
Red winter, No. 2
4 75® 4 95
5 00® 6 00
Western winter ship¬
ping extras
Whcfit
No.3 spring, $
1879.
bbls.
Flour
Flour,
Wheat,
bbls.
Corn,
Oats,
Rye,
bush.
bush.
bush.
Peas,
bush.
bush.
102,767
22,709
2,303,978
231,485
1,140,988 76,805 110,036
48,393'
1,550
17,132
446,109
1,005,888
1,691,222
185,271
290,822
375,914
5,678,682
5,210,838
5,261,493
2,041,393
1,529,317
10,435
10,360
Total for w’k 163,403
Previous week. 150,844
Two weeks ago 116,379
Same time ’78. 109,992
4,175,212
18,268
160
640
200
95,913 110,036
18,141 113,701
965,694 20,721 54,893
1,768,714 102,147 82,947
1,710
9,240
35,954
32,147
The visible
supply of grain, comprising the stocks in granary*
principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, Sept 13, was as
at the
follows:
In Store at—
Wheat,
Com,
Oats,
bush.
hush.
bush.
2,917,666
1,000,000
2,022,748
275,000
Albany
15,000
45,000
Buffalo
519,633
1,344,102
951,880
3,057.732
294,392
12,132
185,923
1,016,168
539,266
12,990
Do.
afloat (est.)
Milwaukee..
Duluth (6th).
Detroit
Oswego
.....
Sfc. Louis
Boston
Toronto
Peoria
Indianapolis.
Kansas
City.
Rail shipments...
Lake shipments..
Total
Rye,
bush.
84,917
83,000
13,121
6,700
499,658
12,100
138.817
64,500
23,589
165,554
178,031
17,605
250,170
4.905
159,726
3,156
6,000
170,000
300.000
1,086,167
391,879
67,841
3,000
86,150
72,860
232,000
14,137
65,000
42,121
700
39,808
1,024
1,500
10,676
342
152,365
71,300
10,930
51,603
70,500
70,238
991,000
33,671
160,100
194,391
Montreal....
bush.
26,107
137,801
Philadelphia
663,582
Barley,
35,000
170,500
259,453
41,600
39,422
125,000
86
500
12,700
18,652
4,610
307.381
1,346,103
585,8^6
2.549,072
1.461.663
2,700,000
2,076,000
257,396
349,739
89,373
57,000
137,577
587
28,368
133,273
23,700
228,336
825.156
950,771
937,191
Aug. 16, ’79
17,927,079
17,045,778
15,748,775
15.966,899
16,026,837
Sept. 14/78
11,703,489 10,601,568 4,318,273 2,261,901 1,026,126
Sept. 6, ’79
Aug. 30, ’79
Aug. 23, ’79
12,040,692 2.461,982
18,003,518 2,704,134
26,724
....
13,1*4,508 2,492,897
12,582,429 2,279,174
12,140,032 1,824,631
501,209
355,^22
300,498
306.311
761,262
797,180
493,906
THE DRY GOODS TRADE.
Friday, P. M., Sept. 19, 1879.
The dry goods market has exhibited rather less animation,
the past week, owing partly to the recurrence of Hebrew holi¬
days, which checked the operations of an important class of
buyers, and partly on account of the larger receipts and.
declining tendency of cotton. The jobbing trade was moder¬
ately active, but, for the same reasons, less buoyant than of
late.
Department goods wer^ relatively in much better
demand than domestics and calicoes. The cdtton goods com¬
mission houses reported new busines as somewhat sluggish, but
there
was
a
fair movement in certain makes of brown and
bleached goods, cotton flannels, &c., on account of former
orders. Manufacturers’ agents representing woolen good*
effected a moderate distribution of heavy cassimeres, cheviot#
310
THE CHRONICLE.
I Vol. XXIX,
'
Receipts or Leading Articles of Domestic Produce.
coatings, and additional orders for spring weight
The following table, based upon daily reports made to the
woolens (for men’s wear) were placed by the clothing trade to
New
York Produce Exchange, shows the receipts of
a considerable
aggregate amount. Foreign goods were in fair
leading
demand at private hands, and a very successful sale of dress articles of domestic produce in New York for the week
ending
goods and silks (of the importation of Messrs. Passavant & Co.) with Tuesday last (corresponding with the week for exports);
also the receipts from January 1, 1879, to that
was made by one of the leading auction houses.
day, and for the
Domestic Cotton Goods.—The exports of domestics from this corresponding period in 1878:
port to foreign markets during the week ending September 16
Week ending
Since Jan. 1,
were 1,374 packages, distributed as follows : Great Britain 694,
Same time
Sept. 16.
1879.
last year.
U. S. of Colombia 186, Brazil 183, Hayti 94, Argentine Republic
Ashes
...bbls
61
4,616
3.049
59, Canada 55, British West Indies 30, &c. The trade in cotton Beans
....bbls
1,790
47,548
51,138
goods was restricted in volume, and transactions were mostly of Breadstuffs—
...bbls
Flour, wheat
111,794
3,639,547
2,912,412
a hand-to-mouth character, but agents’ prices continued
Coni meal
.bbls
steady
‘2,‘291
115,337
144,294
Wheat
...bush.
2,351,544
on all fabrics that were not
43,613,387
40,656,592
unduly advanced early in the sea¬
..bush.
Rye
154,330
1,898.746
2,616, t52
son.
Corn
Brown drills were more sought for by exporters, and there
.bush.
477,22*2
29,329,802
27,540,742
Oats
104,285
7,747,099
10.070,067
was a moderate demand for brown
sheetings. Bleached cottons
Barley and malt.. ...bush.
33,618
2,465,530
2,997,186
Peas
.bush.
2,584
were in steady request (for light
250,299
465,551
selections), and certain widths Cotton
19,215
472,053
538,554
of wide sheetings continued fairly active. Colored cottons were Cotton Beed oil
.bbls.
252
17,557
Flax seed
45,314
.bags.
124,201
taken in accordance with actual requirements to a moderate
Grass seed
1.986
.bags.
102,384
334,311
Hides
2,037
158,946
aggregate amount, and a good many duplicate orders were
127,995
Hides
.bales.
757
92,991
91,946
placed for low and medium grade cotton flannels. Print cloths Hops
bales.
1.443
53,627
52,245
Leather
..sides.
84,811
3,021,482
raled quiet, and prices declined to 3%@3%c. for 64x64s and 3%
3,03 1,211
Lead
853,073
.pigs.
2,564,370
.hhds.
<§)3 7-16c. for 56x60s. Prints were in light demand at first hands Molasses.!
4'941
18
and worsted
..
..
.
..
..
..
.
..
..
.
and
some
well-known makes
reduced to 6/£c. without
were
materially increasing their distribution. Ginghams and cotton
dress goods continued fairly active and steady in price.
Molasses
Naval Stores—
.bbls.
100
75,738
113,971
Turpentine, crude. ...bbls.
bbls.
Turpentine, spirits.
150
1,598
56,005
235,508
20,557
2,073
56,680
goods market generally is considered satisfactory.
Peanuts
Provisions—
excellent business
an
since
,
the
season
...bbls.
...bbls.
...bbls.
Tar..:
Oil, lard
Oil, whale
clothiers have done
1,018
4,7h7
..
Rosin
Domestic Woolen Goods.—There was a fair demand for
men’s-wear woolens by the clothing trade, in which both heavy
and light weights participated, and the condition of the woolen
Wholesale
..
Pitch
Oil calie
:
.
..
Pork
.pkgs.
.pkgs.
..pkgs.
.pkgs.
..pkgs.
.
Beef
Cutmeats
Butter
Cheese
295,022
15,475
‘2,520
8,256
2,366
294,362
11,940
312,341
12,917
1,657
73,388
51,505
1,308
176,045
27,252
1,302,660
1,058.870
1,803,734
351,266
535,388
48,320
49,869
26,834
178,867
,
.bbls.
.bush.
.
950
119
497
38,463
opened, and their stocks are in constantneed of replenishment.
37,S00
910,764
38,3
8
Prices of woolen goods are firmly held and the supply is in
850,808
very
-pkgs.
115,761
2,210,758
...bbls.
good shape. Duplicate orders for moderate lots of heavy
Eggs...,
4,882
371,809
Lard
tcs. & bbls.
6,OIL
543,554
fancy cassimeres, cheviots and worsted coatings were placed by
Lard
..kegs.
2,665
30.699
InTo.
clothiers to a fair aggregate amount, and liberal orders for
Hogs, dressed
19,807
light Rice
689
-■Pkgs.
24,079
weight fabries were placed by the same class of buyers. Over¬ Spelter
.slabs.
64,775
1,959
Stearine
273
..pkgs.
20,568
15,516
coatings ruled quiet, and there was only a moderate inquiry for Sugar
..bbls.
12
1,673
900
hlids.
Sugar
498
31,478
cloakings, cloths and doeskins. There was an irregular demand Tallow
15,562
..pkgs.
1,002
69,922
58,427
for Kentucky jeans, and satinets were a trifle more active. Tobacco
boxes & cases.
3 21,462
3,130
146,553
2,8 u6
Flannels were rather quiet, but stocks are very light and
70,704
118,162
prices Whiskey
..bbls.
3,677
190,743
139,924
firm. Blankets were in fair request by package and retail
Wool
.bales.
0,3.19
94,188
65,469
buy¬
ers, and stocks are well in hand. Worsted dress goods con¬
tinued active and firm, and carpets were in good demand.
Expor sot Lending Artl d«*s of domestic Produce.
The following table, based u *on Custom House returns, shows
Foreign Dry Goods.—There has been little change in the
condition of the foreign dry goods market.
All kinds of the exports from New York of all lea ling articles of domestic
imported fabrics were fairly active in jobbers’ hands, and a fair produce for the week ending with Tueilay last; also the exports
distribution of dress goods, silks, &c., was made by importers. from the 1st of January, 1879, to the same day, and for the
Prices of the most staple fabrics remain steady, and stocks are corresponding period in 1878:
generally well in hand, except silks, which are in large supply.
Week
Since
.
.
—
•
•
•
•
•
.
ending
Sept. 16.
Importations of Dry Goods.
The
importations of dry goods at this port for the week ending
Sept. 18, 1879, and for the corresponding weeks of 1878 and
1877, have been
as
follows:
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING SEPT.
'
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
1878.
1877.
,
1 Pkgs.
Value.
$
942
762
384,434
214,992
546
814
356
375,383
162,461
120,941
3,420 1,258.211
Total
Pkgs.
852
855
78G
830
366
690
266,008
72,073
153,0 J8
106,754
$
352,935
224,711
229
175
52i
185
34,647
Total
Bat’d for oonsumpt.
632,5 LO
1,801
3,420 1,258.211
Total
5,224 l,8'»0.7'l
on
market...
ENTERED FOR
Value.
$
525,679
148,115
1,216
l,4sl
1,587
1,484
134.592
961.542
309,14 L
670
190,193
3,689 1.386,032
516
176
152
433
270
Pkgs.
494,989
398,794
6,438 2,354,659
THE
203,776
49,804
143,425
89.174
43,200
MARKET DUR¬
532
268
163
449
456
191,463
66,83 L
147,940
l'»2,001
28,989
1,547
529,379
3,689 1,386,032
1,868
540,224
6,438 2,354,659
5.236 1 915.111
8,3 XI 2,894,683
Flax
Miscellaneous...
Total
Bat'd for consumpt.
at the port.
255,347
114
132
362
37,839
110,066
101,622
25,832
248
1,516
577
164
101
495
102
200,539
34,322
102,237
103,673
41,450
3^8
138
158
487
131
157.150
37,623
99,0,1
115,70 i
20,051
3 420
530,706
1.258,211
1,439
482,221
3,689 1,3-6,032
1,312
429,574
6.438 2.351,659
i
4- ‘»*4G
1
o • -
5.1 *■»« l .erw o vr
7.750 2 78 1.293
ran
Flour, wheat
Flour, rye
....bbls.
....bbls.
Corn meal
Rye
180
50,810
125,050
82,461
2,226,637
130
1,733,856
4,8-0
3.411
1.149
2,223.7i 1
1U.1V7
153,216
41,819,738
36,480,930
l.» 1,267
...pkgs.
Cotton
Domestics
..
Hay
Hops
Crude turpentine
Spirits turpentine.
Rosin
Tar
Pitch
Oil cake
OilsWlmle...
Sperm
Lard
Linseed
Petroleum
Provisions—
252,059
24,747,069
43,384
1.141
661
bales.
6,761
.pkgs.
1.374
706
bbls.
bbls.
....bbls.
....bbls
.../bids
.gals
.gals
....gals
.gals
220,278
284,734
86,962
105,351
48,967
45,616
37,603
100
135
12.804
2,794
125,135
5,155
187,583
6,095
3,563
4,478
1,093,082
1,497,323
44,5b7
230
201,565
96,756
994,362
8,240
451,097
974,0.»7
6,705,088
175,755,078
143.910,516
3,292
173,186
510
409
173,538
37,289
36,46 L
....bbls
.tieroes.
lbs.
Riue
bbls.
Tallow
lbs
...bbds.
Tobacco, leaf
Tobacco
halos and cases.
Tobacco,manufactured, lbs.
Whalebone
lbs.
33,313
39,805
12,648
...
Cheese
54,480
7,8 9
...
B ittcr
310.713
20,977,444
802
...
....gals
1,516,207
26,387
139
53
,
2,1)68.163
2,649,323
2,096
...
...
Pork
Lard
119,629
1,619
tons.
...
2, d 16,590
456,340
45
1*,039,135
Candles
1,127
3,225
76,795
Coil
last year.
139
hush.
)....
Same time
1,046
Barley
Peas
Corn
Jan. 1,
1879.
15
Oats
Beef/
Beef
Cutmeats
WAREHOUSE DURING SAME PERIOD.
660
Beeswax
Breadstuff's—
Naval Stores—
Manufactures of—
Wool
Cotton
Silk
....bbls.
bbls.
lbs.
Wneat
1879.
Value.
WITHDRAWN FROM W4REHOUSE AND THROWN INTO
ING THE SAME PERIOD.
Manufactures of—
Wool
Ootton
Silk
Flax
Miscellaneous
18. 1879.
Asues, pots
Ashes, pearls
1
264
39,026
414,859.686
23,33: ,649
101,705,379
177.201,904
11,054
464,961
47,9^6,055
1 •5*)5
43.353
22,195
4.792.635
48.551
5,944,398
1,598,212
3,358/'23
2.265,167
1,471
76,041
;
360,120
5,632
43,625
341,237.321
1
,913,310
104,586,957
1 D2,0.>6,855
16,490
54,771,548
87,094
02,017
5,018,031
65,789
September 20,
THE
1879.]
CHRONICLE.
311
GUNNLEn.—aee report onaer Cotton
HATNorth River shlDpfncr
lOES OUfCKENT
Pot, Snorted
Philadelphia
Russia
«
7 uO
@
Sdflue...
‘2 75
4 25
&
s re
5 w
<a
*
46
-
mediately above the figures indicate the places of
delivery:
"
.
Bt’mb... $2 0
i 2J
Grate.
..
2 23
D.A H.
Auctl n.
AUi. 1.3.
Johnst’n.
$i 2
2 20
I
2 lO
2 14S
2 3;H
2 30
...
2 87)t@2 40
? 50
2 io &i t'l%
2 33
50 cents a dltional lor delivery at New York.
i.. A *. Quuiat.ons are for Wilktsbai re coal.
.
0
Cb’nut... 2 8.
Btove.... 2
>
J am
a
..........
lift
“
12
I-
**
“
15)4
15*
44
44
.........
...
Maracuiho
"
Laguayr*
St. Domingo
Baviullia
“
..........
....
Costa Rica
A oet>, i-arbadoes
AiBet.j* .(jowilaed
bi f arb. soda, Newcastle
-.
<
14
<a
®
*31
21
17
®
17H
11 ^
9
19
ll
12
l'1
10
9
8
®
a
®
23
new
crop
Ea-ter.», new ciop
Western
Olds all :rowth8
«
I
INDIA ROBBER —
Para, fine
@
19
9
4
14
72
Para, coarse
Esmeralda, prised, strip
Guayaquil, p eased, strip.
@
@
@
53
.
,..sft.
l
„
.
„
2%
2
Panama 8trp
Carthagena, oresaed
Niraregua, -heet
V
potash
Cmhineal,Honduras, silver
Cochineal, Mexican
lot ale
Cream tartar, powdereu
Cihebs. Kaei India
Citcii
.per
Gi-nbler
Ginseng.......
Glyc* rii e, American pure
Pgui
100 Tb
**
80
S ii
4
Nlcaraeux, scrap
Honduras, sheet
u6
g
0.
4
<8
Plg,American, No. 1
V ton. 23 00
Pig, American,No.2
Pig, American, Korge
Pig, Scotch..
«
loo ibo. 8 50
t-3
15
Jalap
4
4
«
Store
Price*,
@>
4\
@
@
12)£
50 00
& 55 00
<©
®
3 9) fe
<a
.&
(discount. 10
^ ft
p. c.)
“
*•
20
....
4 00
5
6
0
23
19
25
26
rexas.crop
28
2'^
&
9
2,
33
29
32
-3 ®
4
9
paste,Calabria
paste,81c.11y
23
paste,Spanish.solid
Dutch
,
4
19
Mnddet,French
Natgulls,blue vleppo
Oi. vitriol««6 Brimstone)
Opium,Turkey
(In bond).
Pr».sslaie potash,yellow. Am
Quicksilver
Quinine
Kaa'iarn,
•
China,good to
Baisoda, Newcastle
V loo a.
English
V tt.
V 100 lb.
Sngar of lead, white,prime.. .19ft.
Saell Lac. 2d A 1st
Soda ash
Vitriol, bine.common
FISH—
Gr’d Bk.« -eorge’s inew) cou.V qtl.
'8
®
6
l 70
15
1
Hi
&X<#
ft
.
do
Loos., e own.... .. ..
do
Vai -1 - i-»• cw
Currant*.... ...... it..........
Citron....... *■
••••«•■
Prunes.', urKlst, new
do
Hrencb
Pates
....
......
,
10
5
ox
.
..
V ft
Domesitc DriedApple . S- uibern, s’leed (new).V ft.
uo
<|oarteru (no new)
c*d,
do
quarters
Peaches, pared,
V.good to Cb*e^..
no
uup* ha ve and f s. new
B1ac6 uerri^ (new)
Baspbe ncs (newy
lyherrics, p t.e , dry mixed (new)..
P uirs.S’-ste
^
Damsons
■*..«•••••,..•«■,
.
WhO“' lpiisri‘''Ki-. <new>
16
4 50
.
•
•
•
•
•
•
-
6 00
27
@
28
«
28
36
170 3
1 58 4
....«
8 0
A
1 r3
4 25
4 50
®
5
85
7)4®
13
¥ gal.
“
“
"
**
“
**
W
®
35
16#
62 ®
2a)4 4
45 ®
40 ®
1 1j
64
>0
®
75
*6
42
44
^8 ®
75
**
42 ®
4
M
90 ®
4
♦'
16)4
15
li
16
5 50
3
*5)4^
H )4 #
u
®
....
< ®
7)4
4
®
4
<0
J
d
15
H
5
5
5..
1.1
C
»
29 ®
f.
!•«§
jf neftsrt
No chore.
1« '%
5
®
m
#
Cases
*
Refined.......
44
9
7
Naphtha,City, bbla
44
4)4®
¥ gall.
44
¥ bbl.
44
Pork,extra prime
Pork, prime mesr, West
duel,p aln mess.....
Beef.exers mess
American
American
American
American
American
blister
cast, Tool
castsprlng
machinery
German spring
Hams.smoked
Lard. City steam,...
<3
....®
ayed, Nos. 10®12
trifugal, Nos. 7® 13
»
Manila, sup. an 1 ex. sup
•6
**
11 60
IS"!
4*9»
12 O
15.0
610 #
¥ ft.
prime
4
.
®
•4
04
¥ bush
...•
.
¥sack
9
>®
4
®
3 50
....
¥2>
..
do
Sup.to fine
do
ax
25 ft
88 ft
55 &
17
■*
80 ft
43 ft
60 &
18 «*
27 ft
S< ft
12
(O
14
<*
Ex.fineto finest
18
28
88
17
Ex fine to finest
Choicest
FJS
85
55
Cong.,Com. to fair
Sup’rto fine
18
27
Superior to fine
40
55
Rt. flnpto finest
¥ft»
44
Crude
Nitrate soda.
per
44
Vft
100 lb.
44
.
6
S 25
8 50
®
*
®
5 50
8 62)4
3)
•HLK-
^o*
•*,••«•• • ••# •••••«
Tavaaams. No. 1.....»
........
Re-reeled Tantlees, best
.....
•
• •••
.......
Re-reeleJ Cftut^noengoun.No. 1...
„
5 0® ^ ® 5®
soi *.
it' • SSI
1-5 ft iU
’
•
3
*
•
5 .5-
2 ®
12 ®
15. ®
TiH&
811
11
14
—STSXM.—*
f. 4.
v. et.
3-1*3
m
®
®37 0
®....
® .«
ft,...
«.
d.
*
1
A
62)4
r
unwashed
...
19
1
it-
>••••••
•
1*
4Xft
«•••• • •••
27 6
ft
63S«
Cape Good Hope, unwashed........
Texas, fine. Eastern..
Texas, medium. Eastern.
Smyrna.unwashed
Heav; goods. .¥ ton.
Corn,bIk A Dg». ¥ k.n.
Wneat,bkix A bags..
Beat-...... ... ¥
Fork.... .. .•••¥ B “U
85
50
ft
»•#••••»
2
^
ft
18K
i7xa
American,C >mK*og and Delate* ...
Extra,Pullen City..........
No. 1, Pulled..
.
Caiuornia. Spring ClipSuperior, unwashed.
IcLivixrooL:
.¥ ft.
Flour ......... ¥ bbl.
45
TO;
2Sr
*
6Hft
bright work
CoYon....
^
(ft
¥ft
bond, black work.....
,
it
15
47
25fc
32:
ft
ft
ft
ft
fine.
Virginia LeafLugs, common to fine....
...
IS*
n
Plates. 1. C., coxa.
•».•■•. • ¥hx.
Plate8.char.teme, 14x20
44
TOBACCU—
com. to
89 *
48
70
25-'
34
50
80 *
<aSi
45
NomlnaK
to a neat
Fair..........••»»•••«••••«
Interior...................
nf
@
Super.iu flue
Ex.fineto finest...
Choicest
FREIGHTS—
®
5m
••••••••»••
-ALTPETRE—
Refined, pure
8
•Xt
«
Ex. fine to fineat
Choice*t
Imperial, Com. to fair
(.0 ’
Sun. to fine
no
Exrrafine to finest
Hyson Skin.A Twan. com. to fair.
Burry
...
fcs®
.¥ ft.
44
6 H-,
t* •
.“k®
7^®
7-@
• a
44
7*-*
9K3
<6
64
leaf,
ft
*•*«*
• 4
• 6
South Am.Merlnc,
SALT—
Turk's island;.
81. Martin...
Llvnrooo* Ashton's fine
5*
6J4
WOOL—
*
American X X..................... ¥ ft
American. Nos. 1 A 2...............
6 4*
•
4X0
9 ft
8- @
66
Havana, com. to fine..;
IK
t
Louisians, f Ir to prln e
44
,. ..¥l0Cft
Rangoon, 1 u bond
fH
7Kft
•a
.
Kentucky
1^-ks, heavy
“
X
•
1%
••
fine
6 %:
6 18-16
6 15-15
ft
6
Bright wrappers, common to fine.
Yara, 1 and ll- nts, assorted
...
«•« a
6X®
..
do
do
ft
....A
46
cut loaf
Mann fac’d, In
4
4
6
db
Dark wrapper-'
9 25
10
...ft
ft
...
*4
Hard,powdered
do granulated
...
44
10)4®
1**
Ce
Mel ado
............«.«..•
5
10M
11)4-
....3
...................
...
6X
14
ft
....ft
• a
do
Choicest
TIN—
Banca.......
Straits......
10 25 ® 11 00
¥ft
44
............
4
9
64
boxes c
do
do
5^
ic^
1 or
Store Price*
16
14S«
Inferlor to common refining... JV Tb.
• 6
Fair
Good refining
• 6
Porto I ico. refln . fair to prime
do
do
do
Souc. A
....
&
&
44
“
44
*'
Oolong,Common to lair
....
>
*•
Uncolored Japan,Com. to tatr..,,
ao
Sup'rtotlne
93
46
•
SOGAK-
44
44
44
8e**f'la-us,Western
Bacon, West, long clear
6 91
2 T3
1 (6
Engll8h,ca8t,2d&lstqnalily ....¥».
English, spring,2d & 1st quality.. “
English blister, 2d A 1st quality..4*
English machinery
“
English German,2d A 1st quality “
do
<1o
ttovmiulfs-
RICE—
Carolina, fair tA
..
ail
j
English .refined
¥ gfU.
60
gold.—~
ft 17 0Q
®
® 4 ou.
a
3 21
@
@ 3-90
Ug »'>*•*—
do
do
oil. CARK-
Cr-ide. In shipping order
3 50
360
Bunpowder, com to fair
do
Sup.to fine
10
®
7
3 80
to
*
?
do
....
1:
8
IT
“
....
®
16* ft
2 75
Irish
16 H
4S
foung Hyson,Con..to fair
uu
76
4
«
•*
ris A.—
Gy son. Common to lair
do
Superior to fine
Extra line tr-finest
do
do
Cb nicest
181!
0
1 HO
ft
®
ft
ft gal!.
**
**
I’ALl.OW —
Prime city.
1
^
...®
Yellow
t3
1 4*
9 If
*•
....®
1 85
9j
-
9
Pork, mess,spot
1 57**
1 65
a
4
2)
41)
7D>
15
41
White extra C..
PxtraC
“C”
PETROLEUM—
5*
«
®
9
@
«
City, thin oblong,bags
¥ ton.
...®
Western, thin oblong (Dorn.).
44
t?8 C8 ®
•
V case.
* quart r box
MaMroni. It-bun
,
......
.......
-i
Figs, new.......
Canton Gbige'
line
V 11 If 1
1 62-1#
..
@
23
9^^
115^^
Sperm, bleached winter....^.
Lard oil. Nos. 1 and 2
4
.
..............
23
2
....
Cotfee, A, standard
a
Mackerel, No. 1,>4. shore
pr.bbl.
..
6*
Mackere., No. 1, Bay
a
5 75 a
Mackerel, No.2 M iss, shore
Mackerel. No. 2, Bay
A
f lii iT3 50 y
BftUlM(<avouio>t, per 501b.trail...,
Lay cl 8
¥ lb
Whale, crude Northern
Iperm, crude
<
2 ro
1 10
3 75
ft
4)9
62)i#
Whiskey, Scotch
do
20
27
®
j7J<
1
g*
Alcohol. 1 uty
Whiskey....
.
12)4
...®
Gin
do
Domestic
A
....®
....
Whale,bleached winter
#
1
“
4
OJ
■
**
“
4
...4
pr
“
Deinerara...
Porto Rico
Olive, in casks ¥ gall
Linseed, casks ana bDls
Menhaden, crude Sound,....
Neatsioot, No. t to extra
IS®
4
42
8 00
Barbadoes
nLb—
Cotton seed* crude...
<4
...
.
“
....
SPIRIT8—
do
24 4
25
^
18
26
V* gal.
@
6 OS'
6 (Ki
9 QU
13 ®
...M
Batavia. Nos 1 @12
Brazil. 4 os 9®ll
R- flaed—Hard, crushed
.2
rough
Slaughter crop
Oak rough
....¥ ft
Cloves
do
stems
....
(4 24 50
f*, 100 lbe
5
00
do
»mall....
Pimento, Jamaica
5)
22 00
Bar,Swedes. ordinary sizes... * lb
Bar refined, Eng. and Amer per ton
vn'2
Sheei, itusan., 8 tu ll
47 50
Rails, American, ar. tide-wate~
Steel rails, America.., a tide water. 52 00
e;x
5
8 TEEL-
2: CO
uaKUM—Navy,U.S. Navy & best * ft.
....
Licorice
Lfeorice
@
5
Batavia
Nutmegs.la
59
® 24 CO
® 23 00
^ 2
Hi
\2 UO
NUTS—
Almonds, r rdan shelled
Krazll, <’new)
Fll >ert-t Sicily
Walnuts, Naples
Pecan
«
!2*.
1 65
1 35
...
do
Calcutta
Mace
IRur*--
*
6
do
57H
@
@
@
.
15b23>ta l
®
2 10
Ginger, African
ao
*•
»
*
®
87)4®
1
Cassia, China Llgnea
60
rq
6
None here.
Tar, Washington
...V bb).
Tar, Wilmington
"
Pitch, city
"
Spirits turpentine
¥ gal
Rosin, strained to good strd.¥ bhl
low No. 1 to good No. 1
“
»•
low No. 2 to good ,ro 2
♦*
••
low pale to extra pa’.e
"
window glass
“
1
1 60
....
white
Brandy, foreign brands
Rum—Jam.,4th proof
St.Croix,3d proof...
l&VAi. STORES—
0
do
31
...5.
-
4
4
2 in
2
3
Pepper, Batavia
do
Singapore:
-c6
4
Yearlings (187a crop)
do
ot test
N. o„ com. to cuoice
j
12
2
2
50
*
8PlCEb—
8)4
@
@
23
Cuba, clayed
Cuba, Mas., 50 test
*
¥ha>u.
¥<& 11
..PhUtt.
z
per ton. 2> »0
Blotiro. potash.
■
"
“
"
* *
4
.1
I6J4
....
Bleaching powder
Brimstone. 2n s & 3rus
Brimstone. Am. roll
Cauipi-oi relined
Castor v»ii. E .1. In bond
CtUH'll SOda
d
do
...
“
“
Hemlock,Buen, A’res,h.,m.&l.Vlb.
“
California, h., m. & 1
'*
common nlde,h., m. & 1....
41
.V 100 ft.
7...¥ lb.
Am
Aloes,Cape
e
2« >t
100 ft.
ertnmon
D mestic refined
....
LEATHER—
@
¥ ft
A •••»,. lump.
Sardl
21
®
9+4
9 <4
Bar
j,
a
1:
14
....a
20
California,
do....
TexaB,
do....
A. 1.stock—Cal.,slaught.cow.
Calcutta,dead green
Calcutta, bnffalo
Sheet
4
13
\0X
SiceaihiK*, new (over 12 oz;
ttrazlerh’fover 16 oz.)
American Ingot, Lake
C »i "i <»r-—nee npeciai report.
D 61 «•? * l*THi—
Madder
•*
Foreign
r»om*»»tic.
28
Molasses—
CO- PKK-
Licorice
"
"
*'
Domestic, common
<#
4
14
14
12
12
**
*
4
......
74^
5H
‘>K
a
Q
9Htf
8)44
Ordinary torelgn
v
<si
*
4
......
....
LEAD—
u.iv~
ttiO, oru uai
do lair,
do
do goou,
do
do prime,
do
Java, mats
Native ceyion
Mexican....
.••••.«••..
C
} L. 4 W.
Schedule.
Port
Weehawken.
$: 0:x*2
2 15 @
22
23
.
» — (Wholesale brice**)—
BP*'
State palls & tubs, fa r t<» obce.v rt>.
15
W e^t’L cr-am ry t o jd to pr me “
:9
5tate, far to choice..
“
13
"Western dairy, lair to choice.. **
15
1J
Cb* .
Stm» factory, iair to prime
¥ft
8Mo
Ohio flat, fair to flue
•*
o*a
8‘i
Co i
8 CO
Liverpool gae cannel
u oo»
Livermiol bona.-canned
Ahthraoitk—The following will show prices at
Ism a.i t.ion '-r i rcse i sche ule rat
the name- im¬
,
do
ft.
**
Wet Salted—Buen. Ay, selected "
Para,
do.... “
HOPSNew Yorks,
125
41*
SPELTER—
Matamora*.
8
9
.
i-anti)y, SI. lly
C-mirv. « uuit-h
Canary, Dutch
H«mp, torelg-t
Flaxseed, \..ne<-lcan, rough
Linseed, Calcutta
¥ 56 ft.
Llnuet-d, rtOfubay
41 lift.
160 00
f.*<t
84®
Dry— Buenos Ay res, selected.
do....
Montevideo,
Corrientes,
do....
Rio Grande,
do....
do....
Orinoco,
California,
do....
7
¥ ft.
¥ bush.
..........
HIDES—
a
&
Cut-.pikes,allsizes
laintH— Ld.f in oi*. com , pi Ice. ¥ fr.
Lead, d y, combinaion, p.lCi....
tim oxlue. dry
..
line, Fie ch, gree*’ seal
Pari* wu ice. Er.*.Cliff) o eVliOft.
Manila.•....Vft.
16
@
ft 45 00
..
D.L.AW.
Perm.
Auction.
Schedule.
A ug. 27.
NewHoboken.
bmg.*
clean
81sal
•lute
@ 43 00
& 45 00
@1(H) 00
ft
i5
35 00
75 Do
Blaca walnut....
fleruee boards A planks, each
13
H-ralock boards, each...
4
Map e
¥ M. ft. 20 no
$
....
...
com.to g d.eaoh
<:2
V M. It. 85 00
Aau*—10ft5Ud.ccm.fen.a sb.¥ keg
Clinch, 1H to 3 In. & 1 onger
7 00
y 5j
@ 26 00
@
&
ft
& 60 00
@ *2 90
@
SO
Cement—R> nendaie
V bbl.
9J
Lime—Rockland common....V bbl.
70
Ro- bland finishing...
90
LumberP' *ie,g4d to ex.dry V M It. 40 0u
Pm-., shijptag box
18 10
...
Cor
®
145 COo
L6 0^
17, O'9
*6 00 >
Italian
3 50
22 00
do ta ty hoards,
Oa*
Ash. good
*ton.
AunericaL undressed
BUILDING MATERIALS—
ttricke—Common Para,afloat..V M
Cretou
•
50
Canary, Smyrna
American dressed
V ft.
BHuAOh n< KK8—See special report.
.
NlOOft
>,•/»—
Clover, WeMtern
Clover, New fork State
Timothy
HEMP AND JUl’K-
ASBKb
Egg
BE
THE CHRONLCLE.
312
Commercial
Financial.
BANKERS,
Governments, Coin, A
Investment
Securities,
Purchase and sell Governments and Coin.
Gold constantly kept on hand for the supply
chants, for datles.
.
,
,
COTTON CANVAS, FELTING DUCK, CAR COVER
ING, BAGGING, RAVENS DUCK, SAIL TWINES
&C. “ ONTARIO ’ SEAMLESS BAGS,
“
Swan & Barrett,
AND
A full
States Banting
No. 109
Dnane
Head
Office, Hong Kong.
A.GRNTT
Jb’„
S. W POS ER ) i
F. Keleher &
BANKERS
305
No.
ST.
AND
Co.,
COMMISSION
Street,
AND
LOUIS, MO.,
a
Coupons collected. Missouri
specialty. Foreign exchange bough and sold.
INDIANA
prepared by which the holders of consolidated bonds
f*itnorize the Receivers and the Committee to use
whatever amount of bonds, with their coupons,
which will be required to effect the reduction of the
debt to #15,821,(XK) Seven Per Cent Bonds, and giving
such further powers in detail as are found requisite
for the wccking of the scheme under the effects of
tVio tufa
The parties to the agreement of May 17,1879, are
requested to sign this supplementary agreement
with as little delay as possible, so as to enable the
committee to make arrangements for providing the
large amount of cash (about #900,000) which will be
required, in addition to the cancellation of a certain
amount of bonds, to comply
IdrSti decision*
It will be necessary that the
with Judge Harlan’s
Bondholders, on sign¬
ing the Supplementary Agreement, shall present
their receipts to the UNION TRUST COMPANY,
and have a stamp placed upon the
same, as provided
by the Supplementary Agreement, declaring them
to be subject to it as well as to the original Agree¬
»
Old
Slip,
The
New
York ’
RAILWAY
AVENUE
COMPANY,
an
when the fare is Five Cents.
WM. R. GARRISON, President
M. VAN BROCKL1N, Superintendent.
oflfree of
Insurance.
OF
AGENTS
'
FOR
Washington illills, Chicopee Mfg Co.,
Burlington Woolen Co.,
Eller ton New Mtlla,
Atlantic Cotton Mills,
Saratoga Victory Mfg Co.,
NEW
OFFICE,
119
Shirts and
From Various Mills.
NEW YORK,
BObiON,
43 & 46 Warns Strbbt.
15 Chaunoey St.
PHILADELPHIA,
J. W. DAYTON. 230 Chkbtnut Stbbkt.
George A. Clark & Bro.,
JULY, 1879.
CASH CAPITAL
Reserve for Re-insurance
Reserve for Unpaid Losses
Net Surplus
Total Assets
$3,000,000
00
1,728,217 00
220,210 2(5
1,179,594 48
....$6,128,021 74
OF
Cash in Banks.
#92,422 67
Bonds and mortgages, being flrBt lien on
real estate (worth #4,167,609)
1,926,236 64
United States stocks (market value)
3,219,500 00
Bank stocks (market value)
189,575 00
State and municipal b’ds (market value)
235,778 00
Loans on stocks, payable on demand
(market value of securities #216,367)..
Total
MIL WARD’S
*
400
HELIX
NEEDLES.
BROADWAY, NEW YORK.
ASSETS
Held in the United States, available lor the PAY¬
MENT of LOSSES by FIRE and for the protec¬
tion of Policy-Holders of FIRE INSURANCE :
•
'
Tuesday, the 4th of February next. (
The
Outstanding Certificates of the
issue
of 1875 will be redeemed and
paid to the holders
thereof, or their legal representatives, on and after
Tuesday, the 4th of February next, from which date
all interest thereon will
be
cease.
The certificates to
produced at the time of payment and cancelled.
A Dividend of
c’ared
on
Thirty per cent, is dethe net earned premiums of the
Company,
for the year
ending 31st December, 1878, for which
on and after
Tuesday, the
certificates will be issued
6th of May next. ^
CHAPMAN, Secretary*
BROADWAY.
Interest due on 1st July, 1879
Balance in hands of agents
Real estate
Premiums due and uncollected
cies issued at this office
AND
.
Company
YORK,
SHOWING THE
SUMMARY
$13,320,463 16
J. H.
CONDITION OF THE COMPANY ON THE FIRST
Drawers
Assets.-^ .YT.^.
Six per cent. Interest on the
outstanding
certificates of profits will be paid to the holders
thereof, or their legal representatives, cn and after
By order of the Board,
AND
Hosiery,
Total amount of
TRUSTEES!
Fifty-Second Semi-annual Statement,
DAY OF
;
619,034 50
1,529,259 74
^ 381,210 92
Receivable-'
Cash in Bank
H O M E
Commercial Cards.
E.R.Mudge,Sawyer&Co
pany, estimated at
Premium Notes and Bills
LINE.
5 and 7 P. M
Insurance
701,200 00
Real estate and claims due the Com-
FARE TEN CENTS,
Except between the hours of 5:30 and 7:30 A. M.
Copies of the Agreement will be found at the
the UNION TRUST COMPANY, No. 71
or of A. ISELIN & CO., No. 48 Wall st.
Parties residing out of the city can forward their
Certificates to A. ISELIN & CO., who will attend to
having them stamped and returned, without charge.
New York, August 22, 1879.
Company has the following assets, viz.?
Stock, City, Bank and other stocks. $10,086,758 00
Loans secured by Stocks, and other¬
wise
OPEN FROM 5:30 A. M. TO 12 P. M.
Rector Street—Nearest point for Wall St. Ferry
and connects with the car3 for South Ferry. Cortlandt Street -Nearest point for Jersey City and Communipaw Ferries.
Park Place. Chambers Street
Franklin Street. Grand Street. Bleecker Street—
cars
Connects with
for East and West. 8th Street
14th Street. 23d Street. 33d Street. 42d StreetConnects with New York Transfer
Company’s cab
for Grand Central Depot. 50th Street and 6th Ave
58th Street. 53d Street and 8th Ave. 59th St. and
9th Ave. 72d Street and 9th Ave. 81st Street and
9th Ave. 93d Street and 9th Ave. 104th Street and
9th Ave. For up-town trains take east side stations
For down-town trains take west side stations.
Trains will run to 58th stieet and 6th ave. and
104th street and 9th ave. alternately.
Sunday trains from 12:30 P. M. till 12 midnight.
Broadway,
§2,012,784 45
United States and State of New York
■
SIXTH
4,186,024 93
Expenses... $859,960 58
Jobbing Trade ONLY Supplied.
MANHATTAN
83
Manine, Risks.
period
sa ne
SODA.
11
35,858,006
Return? of Premiums and
OF
ment.
rPt/wIlIoN^’ } Committee.
nected with
SITPE R-CARBOMTE
No,
1,848,697 3$
Total amount of Marine Premiums. No policies h#»7e been issued
upot:
Life Risks * nor upon Fire, discon¬
MANUFACTURERS OF
The
on
Premiums marked off from 1st Janu¬
ary, lS73,to 31st December, 1878....
Losses paid during ihe
John Dwight & Co.,
CEN¬
The Bondholders’ Agreement of 17tli of May,
1879, was drawn under the supposition that the de¬
cision of Judge Harlan would permit the reduction
of the debt to #15,821,000 Seven Per Cent Bonds, to
be made through the instrumentality of the court,
in whose hands the accrued rental would be paid,
and applied by it as far as necessary to effect this
reduction.
But, according to Judge Harlan’s de¬
cision of 6th August, the granting of a decree for
the recovery of the rental is made dependent upon
the reduction of the debt having first been made.
This will not really change the ultimate result to
the bondholders, but makes it, however, absolutely
necessary that the Committee should have at its
disposal the Bonds themselves instead of only the
rental, as provided for in the Agreement of 17th
May, 1879, in order to enable it to conform to Judge
Harlan’s last decision.
A supplementary agreement lias therefore been
AGENT
Boston Agency,
) New York Agency,
J. MURRAY FORBES, V
S. W. POMEROY Jb„
30 Central Street. N
59 Wall St.. N.Y
TO
THE HOLDE
■' S OF THE
CON¬
SOLIDATED
FIRST MORTGAGE
BONDS
OF
THE COLUMBUS CHICAGO &
TRAL RAILWAY COMPANY:
MERCHANTS
SHIP
$4,009,309 4f
policies not marked off
1st January, 1878
Hong Kong, Canton, Amoy, Foochow
Shanghai and Hankow, China,
Municipal Bonds.
Bonds
York, JTT'iry 23, 1879.
Trustees, in conformity to the Charter of the
Company, submit the following Statement of ita
affairs on the 31st
December, 1878:
Premiums received on Marine
Risks,
from 1st January,
1873, to 31st De¬
The
cember, 1S78
Russell & Co.,
Buy and sell Government, State, County. Township
and
59 Wall St., N. Y.
New
Premiums
BROKERS,
Olive
Co.
Street.
Banking Corporation,
Government, State, County, City and Rail¬
road Bonds, Bank Stocks, &c.
Desirable Investment Securities constantly on hand
Insurance
Company.
Hong Kong & Shanghai
PORTLAND, MAINE,
P.
Mutual
supply all Widths and Colors always in stock.
BROKERS,
200 Middle Street,
Dealers In
AWNJNG STRIPES.’
Also, Agents
United
BANKERS
THE
AT L AN TIC
And all kinds of
,
personal attention.
Especial attention Is given „o Investment Securities
of the higher grades, quotations for which are fur¬
nished as required.
Correspondence solicited.
-
OF
COTTONSAILDUCK
of Mer¬
Bonds and Securities of every description bought
and sold on Commission Orders, which have direct
*
OFFICE
Manufacturers and Dealers In
RID.
BALTIMORE,
Insurance.
'
2 SOUTH STREET
Opposite Second St
Cards.
BrinckerhofT, Turner
& Co.,
Wm. Fisher & Sons,
And Dealers In
[vol. xxix1
.
141,170 00
55,178 25
163,506 68
on
poli¬
95,921 26
8,734 24
#6,128,021 74
CHAS. J. MARTIN, President.
J. H. WASHBURN, Secretary.
A Dividend of FIVE PEft*CHNT has been de¬
clared, payable on demand;
J. D.
Jones,
Moore,
W. H. H.
Charles H. Russell.
*
David
j
Lane,
Francis
Skiddy,
Adolph Lemoyne,
William E. Dodge,
Thomas F. Youngs,
-John D.
Hewlett,
Charles P.
Burdett,
Edmund W.
Corlies,
Alexander V. Blake,
Charles H. Marshall,
Robert T.
Stuart,
Frederick
Channcey,
William Bryce,
Peter V. King,
Horace K.
William
Thurber,
Degroot,
J, D.
Charles Dennis,
Lewis Curtis,
James Low,
Gordon W. Burnham*
Wm. Sturgis,
Josiah O. Low,
Royal Phelps,
C. A Hand,
Wilham H. Webb,
Horace Gray,
John Elliott,
Robert B. Mint urn,
George W. Lane,
James G. DeForesfc,
Charles D. Leverich, r
William H. Fogg,
Thomas B. Coddington*
A. A. Raven,
Benjamin H. Field.
JONES, President.
Charles
-
Dennis, Vice-President,1
W. H. H. MOORE, 2d Vice-President,
A. A, RAVEN, 3d Yioe-Prewdeat
@FedFRASER