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HUNTS

MERCHANTS*

MAGAZINE.

^«jeEIm fj[tw*Papet,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS

OF THE

UNITED

STATES.

[Entered, according to act of Congress, in the year 1880, by Wh. B. Dana & Co., in the office of the librarian of Congress, Washington, D. C.l

YOL. 31.

SATURDAY, SEPTEMBER 25, 1880.
CONTENTS.

THE CHRONICLE.
The Course of Our Foreign
The Crisis in France
318
Trade
315 Latest Monetary and Commer¬
j
Railroad Earnings and Land
cial English News
319
8ale8.
316 Commercial and Miscellaneous
Mexican Railway Projects .... 316
News
321
THE

BANKERS’ GAZETTE.
I Quotations of Stocks

Money Market, U. S. Securities, Railway Stocks, Foreign
Exchange, New York City
Banks,etc

THE

and Bonds 325
New York Local Securities .... 326
I Investments, and State, City

I

322

|

and Corporation Finances... 327

COMMERCIAL

Commercial Epitome
Cotton
Breadstufts

TIMES.

337
338

331 I Dry Goods.
331
Imports and Exports
336

|

Clxrcruiclc.
The Commercial

and

Financial Chronicle is issued every Satur¬
news up to midnight of Friday.

day morning, with the latest

[Entered at the Post Office

at New York, N. Y., as second-class

mail

matter.]

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Special Notices in Banking and Financial
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The office of the Chronicle in London is at No. 74 Old Broad Street,
and m Liverpool, at NOi 5 Brown’s Buildings, where
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the paper supplied at Is. each.
WILLIAM B. DANA,
JOHN G. FLOYD, JR.

\

J

WILLIAM B. DANA & 00., Publishers,

79 & 81 William Street, NEW YORK.
Post Office Box 4592.
.

^ A neat file

18 cents.

cover is furnished at 50 cents; postage on the same is
Volumes bound for subscribers at $1 20.

I3P For a complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt’s Merchants’ Magazine, 1839 to
1871, inquire at the office.

THE COURSE OF OUR FOREIGN TRADE.

The

varying phases in the conditions affecting the
movements of money are
claiming increased attention in
all business circles.

This is very

natural, since

our

banks

have small reserves, and the demands from the West and
South for money seem to keep up a
steady outflow,
while our imports of general

NO. 796.

the entire situation that it should deceive no one. In
the first place, too much is made of the unusual imports

at this port last week. It is more reasonable to con¬

sider them

exceptional; and the figures to be published
to-day will be much less. This is the natural con¬
clusion whether we judge from the imports of previous
weeks, or from the changed nature (compariug with last
year) of our internal trade. Last winter and spring, the
large total imports were the natural product of an
unhealthy and excited speculation here. There is noth¬
ing of the kind in progress now. Business is active and
all industries are prosperous; but there is a remarkable
absence of speculation.
The values of all foreign prod¬
ucts are therefore lower here than then, and
although
consumption is large, there is no such stimulus to the
import trade as there was during those months.
Furthermore, our export trade is in a much more
healthy state. It is quite a remarkable feature that
notwithstanding our breadstuff exports have been
much smaller in quantities and still smaller in values than
a year ago, our total
exports, have been considerably
larger, showing that the export movement of merchan¬
dise is of a more general character, that is, that many
articles which were temporarily excluded from foreign
markets by our high speculative prices, are now
again securing a market. Breadstuffs and cotton have
hardly as yet 'begun to move. Notwithstanding these
facts, the balance in our favor on the merchandise
movement continues fairly satisfactory.
For July it
was
about
$14,000,000. JThe August totals it is
expected will he published next Monday or Tuesday.
Judging, however, from the returns already known of the
chief cities, we are inclined to believe that the August
balance will be not very much less; and for September,
if we take the New York figures for the basis of au esti¬
mate and give them a proportion to the whole similar to
the proportion they bore in September, 1879, the excess
of exports would be even larger, making a net trade

balance for the three months somewhere about

forty

million dollars.

Of course this total is smaller than it was for the same
merchandise, large all the
time, were very large last week, and foreign exchanges three months of 1879, when it reached about 46 million
have, until within a day or two, been showing a slightly dollars. But there are other considerations which these
improving tendency. Of course if imports are to con¬ figures do not cover. First among them is the fact that
tinue on the scale indicated by last week’s
movement, Europe was paying in part its balance here, all last sum¬
we should need
very free exports even to pay our debts. mer, by sending us our securities. Now there is no such
Consequently, the argument is that gold shipments from resource, and, in truth, during late months the movement
Europe will soon necessarily cease, and there will be no has been to some extent in the opposite direction. More¬
fu^ds out of which the demand to move the crops can
over, our breadstuffs and cotton are yet to move, and
he supplied, so that bank contraction is to be
expected. since, as stated above, there has been a decided increase
This series of conclusions so
plainly fails to take in in the outflow of other articles, we may fairly anticipate




THE

316
that the value

of

our

exports

CHRONICLE.

The present returns prove the accuracy of this
The grain-carrying roads of the Northwest not

traffic.

will bear, during succeeding

[Vot* XXXI.

view.

unfavorable comparison with last year. So
also with regard to our imports, for the reasons men¬ only maintain the almost exceptional totals of last year,
but show improvement besides.
We have not far to
tioned, we cannot expect them to be as large the coming
look for an explanation.
All classes of our people are
season as they were during the closing six months of
the last fiscal year. It is of course possible that a similarly prosperous now, and consequently more money is at the
wild speculation may sweep over the country, but not at disposal of each person. As a result, we travel more, and
all probable.
There is no apparent inclination in that passenger traffic on the roads is enlarged; we buy and
sell more, and the volume of general freight increases.
direction at present. The prevailing feeling is very con¬
Another favorable influence is the large influx of
servative, and the wisest observers look for an active,
settlers to our unoccupied lands.
We several times in
steady, movement through the year, but not for an excited
the early part of last year remarked upon the importance
trade.
of this movement, basing our remarks upon partial
These considerations point to the conclusion that if
returns from the railroads.
There are now no fuller
gold imports stop speedily it will be for reasons growing
out of the condition of the supply in Europe rather than aggregates for the railroads, but a table from the U.
S. Land Office has just been published by the Chicago
from the nature of our foreign trade.
Inter-Ocean, which is interesting as showing not only
*3?
how decidedly the demand for public lands has increased
RAILROAD EARNINGS AND LAND SALES.
during the last three years, but also the progress made
In view of the great and general interest which at the
from year to year.
If we had the totals for the rail¬
present time attaches to all reports of railroad earnings, roads, the increase would, of course, be even marked.
we this week continue the plan of collating the weekly
The following gives the number of acres disposed of
figures, and give below a statement embracing all the under homestead, timber, culture and pre-emption acts
roads that have yet sent in their returns for the second
during each of the last ten fiscal years. It should be
week of September.
understood that locations made under military bounty
months,

no

EARNINGS SECOND WEEK OF

SEPTEMBER.

and under scrip of various kinds, are not
included, as these items have not yet been fully made by.
warrants,

1880.

$
Rapids & Northern.
Chicago tfc Alton
Chicago & Eastern Illinois
Chicago Milwaukee & St. Paul..
Chicago St. Paul Minn.<fc Omaha
Bari. Cedar

-Cincinnati & Springfield
Clev. Col. Cin. & Indianapolis
Denver <fc Rio Grande

..

Dubuque & Sioui City
Grand Trunk of Canada *
Great Western of Canada
Hannibal <fc St. Joseph

t

International «& Gt. Northern...
Douisville & Nashville

Memphis & Charleston

Missouri Kansas & Texas
New York <fc New England
fit. Louie Alton &T.H. (main line)
do
Do
(branches)
fit. Louis Iron Mt. & Southern ..
fit. Louis & San Francisco
St. Paul Minn. & Mauitoba
fit. Paul & Sioux City
Scioto Valley
Toledo Pt ona & Warsaw
Wabash St. Louis & Pacific
Total

Net increase (29*25 percent)
*

Week ended Sept.

18.

1879.

$

45,498
207,490

33,066
173,132

31,330
293,000
34,092
18,274
96,363
86,747
28,148
231,886
105,452
48,983
47,551
194,309
23,975
85,874
49,457
32,302

17,696
227,598
25,124
19,228

16,160
178,800

65,834
64.748

31,221
7,342
30,181
306,788

Increase. Decrease.

$
12,432
34,358
13,634
65,402
8,968
10.292

25,070
21,804

61,677
6,344
34,642
14,062
7,821

91,390
41,162

42,125
115,092
8,423
86.988

........

......

.

.

1,114

1,626,266
640,691
740,686
877,555
622,573
1,455,724

1 R76

Acres.

5,990,308

803,945
464,870
607,984
520,673

1,870,434
2,766,533
2,129.705

3,793,612
3,518,861

2,356.057
-

2,875,909
2,178,098
4,418,344
5,260,411
6,(>70,507

6,041,652
5,419,878
5,364,151
3,565,988
4,124,584
3,439,457

7,166,S33
8,649,517
9,655,936

striking expansion in recent years is clearly seen
Immediately after the panic of 1873 the entries
off. This continued for some three or four years.

The

14,210
156,165

7,248
1,950
22,635

46,778
51,543

19,056
13,205

Then

21,671

9,550
1,209

were

e

here.

fell

6,790

t Week ended Sept. 10.

1

1,041,345
745,061

Acrcs.

4,600,326

4,671.332

1,370,320

25,054

534,575

Acres.

1873i1874
1875

4B4

536,643

Acres.

1,389,982

49,023

2,361,796 1,827,221

Claims.

1871
1872

1877
1878
1879
1880

79,208
15,552

84.748

Total under
Homesteads. these Heads.

Timber

Sold for Cash.

........

5,426

6,133
23,39!
222,040

..

Fiscal Year.

954

86,071
197,244

$

in the Eastern cities who
suffering severely under the business prostration,
a

great many persons

then in the hope that there
would be some abatement in the pressure, repaired to
the West !and concluded to try their hand at agricul¬

and who had remained till
2,068

tural or pastoral pursuits.
The movement has been
surprise even to those
going on ever since, and is being swelled now by the
who are most sanguine as to the outlook for railroad
sirong tide of immigration that has set in towards this
property. Last week there was a gain of 26 per cent, country, under the stimulus of the revival of trade in
the period covered being the first 6even days of Septem¬
all branches of industry.
The increased area thus
ber.
Tiiis week we have the reports for the second
brought under cultivation contributed in no small
quarter of September, and an even better showing.is measure to the enlarged crops with which we have
made. Twenty-six road*, being with one or two unim¬ been favored
during late years.
portant exceptions the same as those embraced in last
But we need hardly dwell upon this fact, as it is so
week’s table, report an aggregate net gain equal to over 29
generally recognized. What is not so generally remem¬
per cent. And this too, be it remembered, in face of the bered is, that the products of the soil are not the only
fact that the shipments of grain this year were next to traffic that results from the
occupation of new territory.
nothing, farmers holding back their products for higher The people who settle on the lands have wants which
prices, while last year the movement was quite free. Of must be supplied, and business of all kinds experiences
course, this gain should be in part attributed to increased the beneficial effect.
It is thus that the railroads are
mileage operated ; but allowing for this, there stiil re¬ enabled to report such marked accessions to the volume
gains a large margin due to the growth in passenger and of return
freight. As we have often said before, this is
Height traffic.
a very hopeful feature in the situation, and, taken in
The above figures confirm the views we have so often
connection with the prevailing business activity, helps to
expressed of late, namely that the expansion that has account for the continued gain in receipts;
taken place in the general business movement of the
country would play a prominent part in the future pros¬
MEXICAN RAILWAY PROJECTS.
perity of the railroads. We have always laid great
The controversy which has been in progress for some
stress on this point.
We have not denied to.the crops
their paramount influence, but we have insisted that | time with regard to the Mexican system of railroads, seems
1
more weight should be gi ven to the growth in general just now to be nearing a conclusion.' It will be rememWe think this exhibit will be a




September

THE

far

as

A

they

giving

are

an

yet known.

dispatch from Havana, September 18, to

317

CHRONICLE,

outline of the situation two months
since (Chronicle, July 31, page 109), we stated that three
different parties were seeking concessions for lines to the
capital city—the Mexican Central, in the interest of the
Atchison Topeka & Santa Fe, the Sullivan & Palmer
party, and the Southern Pacific party. We also in that
article explained that the Mexican Congress, in which all
power in the matter is vested, did not, when these several
schemes were submitted to it, undertake to decide upon
their respective merits, but delegated its authority to Presi¬
dent Diaz, whose decision 'was to be final.
The act which
conferred this authority is known- as the Law of June 1,
and by it General Diaz had until September 16 to an¬
nounce his determination.
As the date for action has
now expired, it will be interesting to note the results, so

bered that in

.

25, 1880.]

the daily

^

.

,

in the history of the Atchison
Topeka & Santa Fe, offer a guarantee that the work
be
will
vigorously prosecuted and pushed to an
early completion.
As remarked in our previousarticle on
the subject,
262 miles, from the City
of
Mexico to
Leon,
are
already in process of
construction.
On this piece about 5,000 men are at present,

past so prominent a part

employed, and over $200,000 a month are being expended.
Mr. Rudolph Fink, brother of Mr. Albert Fink, hasrecently been appointed general manager, and he will
assume charge of the company’s affairs on the
1st of
October. The third instalment upon the capital stock,
being for 10 per cent, has been called for, makingaltogether 25 per cent called in so far. It is expected tohave 35 miles into the city of Mexico ready for operation
in time to be opened by General Diaz before the expira¬
tion of his term of office.
As soon as the Atchison Topeka
and Santa Fe reaches El Paso—it is now within 100 miles
of that point, having reached Fort Thorn the other day—
it is intended to begin construction at the northern end of
the line also.
El Paso seems destined to become quite
an important railroad centre, as there are no less than six
roads at present reaching out for it, namely the Atchison
Topeka & Santa Fe, the Southern Pacific, the Texas &
Pacific, the Mexican Central, the Sonora, and the Galves¬
ton Harrisburg & San Antonio.
Under the contract just approved by the Mexican
Government, the Mexican Central gets a subsidy of $9,500
per kilometer, equivalent to about $15,200 per mile, and
no
subsidy is to be given' to any other road within 65miles of either side of the line.
The subsidy is payable by

mail advices to the 10th inst. had been
received there from the city of Mexico, and that General
Diaz had conceded the line to the Pacific coast to Mr.
Palmer (Sullivan & Palmer), the line to El Paso to Mr.
Symon (Mexican Central), and the road to Laredo to the
Southern Pacific Company.
This is slightly at variance
with the contents of a telegram received by the Mexican
Central people from their Chief Engineer, Mr. Schuyler.
He telegraphs that his company has obtained concessions
for a road to El Paso and to the Pacific Coast, and that the
Government has signed the contract.
If his statement as
the
correct,
to the line to
Pacific coast is
it may be that
the reference to General Palmer is intended to cover the
grant which has been made to him of a line from Mexico
to Nautla on the Gulf.
Possibly, however, it means that 6 per cent of the receipts of all custom houses. This
means that the importer has to pay 6 per cent of his cus¬
he has secured the further concession from Mexico to
toms dues in Government paper to the railroad, such beingManzanilla on the Pacific. If this latter supposition be
the mode of insuring the payment of subsidies, as explained
correct, the Palmer interest has gained a through route
in our former article.
from the Gulf to the Pacific, which should be a valuable
As regards the Sonora Railway, which, is being pushed
franchise and a very useful feeder to the road to El Paso.
All reports agree, however, as to one thing, and that is by the same parties, the Mexican Government has changed
that the Mexican Central gets the line from El Paso to the the land subsidy to a money subsidy of $7,000 per kilome¬
city of Mexico. Virtually the contest was for the posses¬ ter, or about $11,200 per mile. The company had authority
sion of this line.
It is what the Palmer party wanted. It to build a line from Guaymas to the Arizona frontier—8&
is what the Southern Pacific wanted.
In fact, there was miles of this distance, from Guaymas to Hermosillo, it is
expected to have in operation by February or March next—
no essential difference between the three schemes, all pro¬
and was to receive a grant of a certain number of acres of
viding for a line to El Paso from the City of Mexico, with
press,

states that

in the one direction, and a land. The Mexican Government, fearing that the lands
branch to Laredo or Eagle Pass in the other direction.
If would fall intp the hands of American settlers and pave thethere is no mistake in the telegraphic dispatch mentioned way for annexation of territory to the United States, was
anxious to replace land with money.
The Sonora agreed to
above, the Mexican Central thus gets everything it sought,
except the line to Laredo. It should also be stated that relinquish its claim to the lands, provided it be given con¬
cessions to extend the road to El Paso and down to Chi¬
since the receipt of this telegram the Mexican Central
authorities have received another, informing them that the huahua, and also to build a line up the Yachi River to the
anthracite coal fields of Sonora.
These terms were accepted
decree mak g the grants to their company had just been
published in the official newspaper organ of the Government. by the Government. It is not probable, however, that a
railroad from El Paso, south to Chihuahua, will be built
This leaves it certain that General Diaz has finally settled
under this charter, as the Mexican Central will cover the
the perplexing railroad question, although there may still
ground and the subsidy in the case of the latter is $15,200.
be doubts on minor points as to just how he settled it.
It appears, therefore, that before a great while we shall per mile, and only $11,200 in the c^e of the former.
A word or two about the road to Laredo.
The dis¬
our sister
be in direct connection with the capital of
Republic. The importance of such a line to the United patch to the daily papers, referred to above, says it hasStates it would be hard to overestimate.
It will serve to been given to the Southern Pacific. Whether this proves
to be so, or whether some
other interest secures the
bring the two countries into closer relations with each
The im¬
other.
It will throw the entire trade of Mexico into the route, is of little importance to the public.
a

branch to the Pacific Coast

States, and, through its development of the country,
tend
will
to augment that trade, causing it to assume
larger and larger proportions. Besides, it may prove a
potent factor in bringing peace and quiet to that unsettled
and much-perturbed country.
• .
The names of the projectors, of the enterprise, being for
the most part the same as those that have played in the

United




portant point is,

pressed forward

;

whether the work will be
and this the future alone can

vigorously
determine.

the City of
Mexico, as it is possible it might be if built by a sep¬
arate corporation—though it should be said the mountains
would
present great
obstacles to such a plan—
could be used to give another line to the Mex.

Such

a

road, if its southern terminus were at

THE

318
ican
lies

CHRONICLE.

capital from points in the United States. Herein
its chief significance.
If the International & Great

rVoL. XXXL

will be carried out
dicated.

The

new

against all the institutions already in¬

Prime Minister

was

himself the author

Laredo, or if the project of the measure. The government is strong enough to give
It is doubtful, however, whether it will
for a road between Dallas and Laredo should be realized, effect to the law.
there would be formed, in connection with either the Iron be possible to execute the decree without scenes of viol¬
Mountain or the Missouri Kansas & Texas, as the case ence; and the exhibition of such scenes cannot but have
Northern should be extended to

ordinary. On the contrary, they are exceptional and
peculiar ; and it is this exceptional and peculiar character
of the situation which gives importance to the resignation
and retirement of M. de Freycinet, and to the events

public opinion. It may occasion
reaction.
It may precipitate revolt.
In any case the
execution of the obnoxious decree will give offence to
millions of people in France—men and women who will
hereafter associate the republic with persecuting and
intolerant practices.
It is evident from the tone of the
public press in France that the sentiment of the better
portion of the nation, is with M. de Freycinet; and there
is much reason to fear that M. Gambetta, in pushing his
principles, has overshot the mark and really injured the
prospects of the republic.
It is impossible to overlook the fact that with the fall of
M. de Freycinet has passed away the last really effective
check to the extreme or radical school of politicians, who
have steadily, for years, been coming to the front, and
who have now, to all appearance, the destinies not only of
the republic but of France in their hands.
This is the
more to be
regretted that they are wedded to a dangerous
foreign policy. It is this which, even more than their do¬
mestic policy, is fitted to inspire alarm.
There is the
possibility that France may submit without open resistance
to the closing of the institutions not authorized by law, and

which have followed.

that

might be, another direct line into Mexico from tins country.
To say this is to say nothing prejudicial to the prospects of
the Mexican Central, for that road should command,
besides the through business, a large and constantly in¬
creasing loc al traffic from the districts along its line, as
aside from the advantages which the mines give it, the
country is most favorable to raising sheep and producing
wool. Moreover, the Laredo route is, up to this time, purely
a matter of speculation, as it has never yet been surveyed
The Mexican Central route, on the other hand, seems
already assured.
THE CRISIS IN FRANCE.

politics, at no time uninteresting, are again in a
very emphatic manner commanding the attention of the
world. ' In ordinary circumstances there is nothing very
remarkable in the resignation of a minister.
But the cir¬
French

in which

cumstances

France

now

finds itself cannot be

called

It has been evident for
of

some

time that there

was a

want

understanding between the Prime Minister and
Gambetta, the man who, more than any other, during the
last ten years, has held the destinies of France in his hands.
Refusing the burden and responsibility of office himself,
he has yet been greater and more powerful than any of the
ministers or than any of the Presidents, who, during these
years, have successively held office.
His policy has been
steady and persistent. An ardent and pronounced repub¬
lican, yet not in sympathy with the extreme forms of
socialism, his aim has been to reconstruct the social and
political fabric on a solid republican basis. W ith this end
in view he has been the unfailing enemy of a temporizing
or moderate policy, and has worked hard to drag France
out of the ruts of imperialism and monarchy.
The gov¬
a

proper

of M. Thiers and MacMahon

ernments
taste ;

but it

were

not to his

universally felt and admitted that the
placed M. Grevy in the Presidential chair
were a Gambettist triumph.
Since then his influence in the
management of affairs of State has been conspicuous. All
public measures have [more or less borne the impress of
his policy, and have been steadily tending in a radical
was

elections which

direction.
Such
with its

a

measure

now

Jules

famous article 7.

the welfare of the

-

was

injurious effect

an

from

this

on

cause

no

immediate

harm may

come

the

republic or to France; but the avowed prin¬
ciples of M. Gambetta and his friends prevent us from
contemplating their foreign policy with other than feelings
It is only a few weeks since the ex-dictator, in
of dread.
a speech at Cherbourg, and when
complimenting the army,
openly spoke of revenge and of the recovery of the con.
quered provinces of Alsace and Lorraine ; and within the
last few days he is reported to have exclaimed, in a '
moment of excitement, when his name was mentioned in
connection with the Premiership, “ M. Grevy knows well
that a Gambetta Ministry would be a warlike Ministry.”
It is not wonderful that Germany should view with
some uneasiness the
present state of affairs in France
and the unmistakable ascendancy of Gambetta in the
to

councils of the nation.
France
at

and

A renewal of the

Germany would be

a

war

between

calamity to the world

large.

the situation is, and fitted to inspire alarm
we are not wholly shut out
the
from
hope that wise and peaceful counsels will in the
end prevail.
It is not improbable that Gambetta may find
himself compelled to accept the office of Prime Minister.
Nay more. It is even probable that M. Grevy’s term of
Ferry’s Educational Bill, office may be cut short, and Gambetta thrust prematurely

It is not to be denied that

Suggestive

as

some

as

of its features are,

into the Presidential chair.

But it does not follow, as we

republic required the suppression of the said recently in these pages, that Gambetta must be the
Jesuit schools and all other unauthorized congregations. same man in office that he is out of office.
He has no
But the execution of *a law may defeat the object for desire to be Prime Minister; but he means to be President.
which the law was enacted.
M. de Freycinet was for In order to be this he must needs keep a firm hold of the
moderation.
The Jesuit schools have been closed ; but popular mind.
Once in the Presidential chair, he might
there are other unauthorized institutions, known to be con¬ find it convenient to restrain those forces which now he
nected with the Church, against which the new law has finds it useful to encourage. This much is certain : France
not yet been enforced. M. de Freycinet was in favor of so is not now in a condition to go to war with Germany with
modifying the law as to allow the heads of those institu¬ any prospect of success. It is safe, therefore, we think, to
tions to apply for authorization—a wise, and, we think, in conclude that even if Gambetta were in power, he would
the circumstances, humane arrangement.
Gambetta and hesitate to provoke another and more merciless invasion of
his friends would have no delay. The Prime Minister was his country.
For some time to come the internal affairs
as resolute as were his
of
France
will
necessarily command attention ; but we see
opponents.
Hence his resignation
.and the crisis which has not yet ended.
little to justify the fear that Frenchmen, at an early day,^
It is not unreasonable to take it for granted that the law will venture upon a war of revenge and reparation.




September

THE CHRONICLE,

25/1S80.J

319

Hd0ttctai;B5©0mmcrctal %vlq\isTt Hews

minimum, the demand for loans and discounts has somewhat
subsided, which may have arisen out of the fact that additional
RATES OF EXCHANGE AT LONDON AND ON LONDON provision had been previously made when there was a
stronger
AT LATEST DATES.
expectation of money becoming dearer. Mercantile paper is
EXCHANGE AT LONDON—Sept. 11
still scarce, the increase in the supply having thus far been
EXCHANGE ON LONDON.
Latest
comparatively trilling. Stock Exchange business is also reduced
On
Time. Rate.
Time.
Rate.
Date.
to narrow limits, partly because prices are high and partly
Amsterdam. Short. 12-2*2 £123*2
1214
because there are many absentees devoting themselves to
Sept. 11 Short.
Amsterdam. 3 mos. 12-5
£12*5*2
20-71
'£20-74
20-50
pleasure. The Jewish element has been absent a portion of
Hamburg
S^pt. 11 Short.
Berlin
20-71
'£20-74
20-50
Sept. 11
the time, in consequence of some national celebration, and
Frankfort...
2071
£20*74
20-50
Sept. 11
Vienna
3
mos.
most
of the leading members are bent on pleasure. The stock
117-70
12-02%£l2-05
Sept. 11
Paris
Short. 25"3r> £25-45
Sept. 11 Short.
25-36*2
markets are, however, good in tone, and many of the
Paris
3 mos. 25*52 *2£ 25*57*2
Cadiz
47*2 £4738
changes during the week have been of a favorable character.
Milan
27-80
28-1712 £>28-22*2 Sept’. 11 3 moe.
Genoa....
American railroad bonds have been in fair request, and prices
28-17*2£28-22*2 Sept. 11
27-80
Naples
27-80
28-17*2 £28-22*2 Sept. 11
have had an upward tendency. The other changes in the Bank
St.Peiersb’rg
2458£24*2
Madrid47 *2 £47 *4
3 mos.
return are a small increase in the supply of bullion and a
Lisbon
5258£52*2
decrease
New York...
in the circulation of notes, the result being that the
4 8034
Sept. 11 Short.
Alexandria..
total reserve has been augmented by £379,471. Government
Is. 8*8d.
Is. 8^icd.
Bombay
Sept. 12 4 mos.
Calcutta
Is. 8*sd.
Is. 85ir(1.
f
has repaid the Bank a sum of about £1,000,000 sterling.
The
38. 938(1.
Hong Kong..
proportion of reserve to liabilities at the Bank is now 52’75 per
5s. 3*4d.
Shanghai
cent, against 49*80 per cent last week. The following are the
[From our own correspondent.]
present quotations for money:
London, Saturday, September 11, 1880.
Ter cent.
Open-market rates—
Another week of very fine weather has afforded the farmers Bank rate
4 months’ bank bills
2*2
25qo)2H
6 months’ bank bills
Open-market rates—
2^£27s
a further opportunity of clearing the fields of cereal
30 and 60 days’ bills
produce,
4 & 6 months’ trade bills. 3
#3 *2
2*2
3 months’ bills
2*2
and, as far as that portion of the harvest in England is con¬
The rates of interest allowed by the joint-stock banks and
cerned, very little now remains to be done. A small quantity
of rain has fallen in some parts of the country, and the root discount houses for deposits are subjoined :
Per cent
crops have been greatly benefitted. We have now true autumn
Joint-stock banks
1 *2
weather—heavy dews at night and brilliant days. The weight Discount houses at call
1 *2
Do
with 7 or 14 days’notice
and value of the root crops is daily augmenting, and there
13*
seems to be no doubt of the fact that the yield of
The following statement shows the present position of the
mangolds and
turnips will be one of the largest on record. At all events, the Bank of England, the Bank rate of discount, the price of Con¬
production will be in excess of the consumption, and this is sols. the average quotation for English wheat, the price of
sufficient. In France the weather is equally satisfactory, and a middling upland cotton, of No. 40 mule yarn, fair second
veiy large yield of beetroot is anticipated. The sugar trade quality, and the Bankers’ Ciiaring House return, compared
has lately been very considerably affected by the probability of with the three previous years:
a larger manufacture ©f beet-root sugar in
1880.
1879.
1877.
1878.
France, and holders
£
£
£
£
have had to submit to lower prices. It is evident to everyone Circulation,, excludmg Bank post bills. 26.959,760
23,365,715 26,892,965 27,706,770
that in the greater part of Europe the season has been one of Public deposits
5,382,932
5,915,706
4,425,152
4,509.919
Other deposits
24,932.926 31,139,088 19,907,374 22,730,442
quite average abundance. To say that it is an improvement on Governm’t securities. 15,313,792 lfT.337,306 13,794,031 14,174,568
17.685,806 17,284,718 17,947,723 19,907,560
last year does not indicate how satisfactory is the result which Other securities
Res’ve of notes & coin 16,414,895
21,470,335 11,177,324 11,778,581
has been thus far ascertained. The productiveness of the land Coin and bullion in
both departments.. 28,374,655 34,836,050 23,070,289 24,485,351
compares, undoubtedly, very favorably with good average Proportion of assets
to liabilities
52-70
seasons, though in a few cases the results have not reached
Bank rate
2 p. c.
5 p. c.
3 p. c.
2*2 p c.
the anticipations which had been formed early in the season. Consols
95
95 *8
97*2
9734
43s. 3d.
48s. 2d.
458. 4d.
60s. 6d.
This is especially the case with wheat and hops. With regard Eng. wheat, av. price
Mid. Upland cotton
6* ied.
7ll6h.
6*316d.
to the former there is no doubt that the summer rains, coming No. 40 mule yarn.....
9*2
10*4d.
Clearing-House ret’n. 87,265,000 74,407,000 77,713,000 77,868,000
at a time when the plant was in bloom, diminished the yield ;
The gold movements during the week have not been of an
but what may have been lost in the production of wheat has
been fully gained by an augmented production of other crops. important character, and it is now believed that the probable
The first crop of grass was a poor one, and some of it was badly outflow has been much exaggerated. The silver market has
been much unsettled, the price having varied from 52^d. to
got in ; but the rains have had the effect of making the pas¬
52 9-16d. per ounce.
In Mexican dollars very little is doing,
tures luxuriant during the summer months, and now there will
and
the
price is nominally 51 %d. per ounce. India Council
be a good second crop. Potatoes are undoubtedly a fine crop,
bills were sold on Wednesday at Is. 8%d. the rupee.
notwithstanding that the disease is very prevalent in several
The following are the current rates of discount at the prin¬
districts. There is, nevertheless, a good yield of sound prod¬
uce, and prices are now very moderate.
That we shall have to cipal foreign centres:
.

—

...

ii

a

ii

.

ii

-

....
....

....

.

_

_

.

....

.

..

import less food is quite evident; but we shall still require a
liberal quantity, which we shall be able to obtain on very easy
terms. This satisfactory condition of things gives confidence in
the future

;

but business just now is not quite so brisk as it

This may

Paris
Amsterdam...
Brussels
Berlin

...

..

...

...

Batik

Open

rate.
Fr. ct.

market.

2*a
3
3

5*2

Fr. ct.

2*6
230
23g
3*2£33i
3*2£3%
3*2®3%
3*4

,

Genoa

Geneva
Madrid, Cadiz &
Barcelona
Lisbon & Oporto

Bank

Open

rate.
Pr. ct.
4
4

market.

4

Fr. ct.

3*2
3*2
6

5*2
be partly due to the activity of the holiday Hamburg
5*2
5*4
Frankfort
5*3
3*2
Copenhagen.... 3*2£4
season, but it is also due to some injudicious speculations in Vienna
4
New York
5 £5*2
6
5
Calcutta
4
Mincing Lane, in which markets some anxiety prevails. The St. Petersburg
loss attending the import of tea has for some time past been
According to an official return, the number of telegraphic
very heavy, and in the tin trade the fluctuations have of late messages transmitted during the first six months of last year
been violent, which lead to the conclusion that speculation has was less than in the corresponding period of 1878 ; but there
been carried beyond legitimate bounds. Taken as a whole, was much activity in the telegraph department during the last
however, the future of our commerce may be regarded as six months of 1879. The total number of messages sent was
satisfactory, but the majority will continue, it is hoped, to 26,547,137, against 24,459,775 in 1878, being an increase of
trade within reasonable bounds.
2,087,362. About 313,500,000 words were sent to newspapers,
Although the Imperial Bank of Germany has raised its rate clubs, &c. In 1869 the number of messages was only 6,500,000.
of discount to 5^ per cent, there has been no important move¬
Notwithstanding the dulness of trade last year, the number
ment in London, except that not only are there no
of
signs of
deposits and the amounts deposited with the Post Office,
immediately dearer money, but that there is a tendency to Savings Banks show an increase over the previous year. The
renewed ease. There is not likely to be any downward move¬ balance due to depositors shows an increase of rather more
ment of importance, if any, the probability being that the than one million and a half sterling. It is remarkable that of
money market will remain stationary for some time to come. that increase £91,853 falls to the share of Ireland, and of that
At the Bank of England, notwithstanding that the open market amount the counties chiefly affected
by the distress—viz., Clare,
rate of discount has risen to 2% per cent, being the official Cork,
Donegal, Galway, Kerry, Mayo, Roscommon and Sligo—
was.




...

...

...

...

.

.

.

.

-v—

—

[Vol. XXXI,

THE CHRONICLE

320
■

;

-

■

The distribution of

•contributed £25,418.

:~

TOTAL GOLD AND SILVER.

depositors in the

1880.

1879.

1878.

£
£
Kingdom was as follows : Out of the total of 1,988,477,
1,037,716
1,110,203
1,754.544
Imports
in
August
there were 1,862,944 depositors in England and Wales, or one
9,031,560
18,412,299
18,202,147
Imports in 8 months
1,611,225
1,839,003
1,135,175
in fourteen of the population, with an average sum of £16 2s. Exports in August
10,069,971
13,741,879
20,075,180
Exports in 8 months
4d. to each account; 53,155 in Scotland, or one in 68, with £10
Millers still operate very cautiously in wheat, notwithstand¬
15s. 5d. on each account; while in Ireland there were 72,378, or
1 in 74, with an average of £19 11s. 8d. on each account. If the ing that prices are low; and the inference is that buyers do not
Irish people could save when times were bad, they ought to be yet believe that the lowest point has been reached.
The
very prosperous this year, as their land has been very fruitful. supplies of home-grown produce will soon be rapidly increasing,
The Board of Trade returns for August, and for the eight as the more recently harvested produce has been secured in
months ended August 31, have been issued this week. They good condition, and the majority of farmers are in want of money.
show that the increase in our trade has been less rapid, but It is expected that these supplies will depress the trade, and
that there is still an improvement compared with last year. that buyers will be able to make exceedingly favorable pur¬
chases. It is still thought, however, that when the market has
The following are the leading particulars:
1878.
1879.
1880.
settled down some liberal purchases will be made, as the stocks
Imports in August
£29,106,823 £28,335,009 £31,019,087 of wheat in millers’ hands and of flour in bakers’ hands is very
Imports in 8 months
255,386,491 231,622,804 275,632,435
Exports in August
17,303,538
17,336,308
19,088,115 much reduced. The facilities for communication, however,
Exports in 8 months
128,364.795 122,773,923 146,992,430
The following figures relate to the eight months ended make it less necessary to hold large stocks; and as there seems
to be nothing calculated to cause a rise in prices, millers, after
August 31:
IMPORTS.
laying in a fair working supply, may be content to buy from
£

United

cwt.

Cotton

1878.

1879.

1880.

8.732,877

8,370,033

9,745,969

EXPORTS.

1880.

1879.

1878.

790,626
1,105,752
1,337,688
163,436,200 149,886,900 133,800,300
yards.2,379,716,200 2,359,832,200 2,878,009,700
tons.
1,693.053
2,705,485
1,540,133
lbs.
12,666,100
11,966,700
10,602,700
yards. 115,586,290 110,634.000 118,776,700
yards.
75,797,400 103,858,900 113,854,500
£
1,243,061
1,160,848
1,335,197
14,290,400
lbs.
4.523,073
5,340,700
Colonial and foreign wool.lbs. 120,753,956
161,360,405 151,941,696
Woolenyarn
20,473,000
lbs.
20,531,500
18,307,500
Woolen cloths
yards.
29,780,500
29,811,700
33,791,700
Worsted stuffs
yards. 135,317,000
125,674,300 139,303,300
Blankets & blanketing..yds.
3,418,200
3,891,600
4,193,400
3,011,300
3,453,900
Flannels
.yards.
4,821,200
4,276,700
4,117,100
6,454,600
Carpets../.
yards.
The following were the quantities of cotton manufactured
cwt.

Cotton
Cotton yarn
Cotton piece goods
Iron and steel
Linen yarn
Linen piece goods
Jute manufactures
Silk manufactures
British wool

lbs.

1878.

Yards.
3,833,700

"

Germany
Holland
France

Portugal, Azores & Madeira.
Italy
Turkey
Egypt".

United States

of Colombia
(New Granada)

Uruguay
Argentine Republic
Peru

2,970,900

3,807,600

18,220,100

2,631,700
5,410,000

4,902,000

3,511,600

Philippine Islands

4,213,700

Malta

British North America
British West India Islands &

2,739,700

13,284,600

Java

Gibraltar

7,548,300

2,556,700

4,049,700
811,500
48,505,100

5,612,100
6,579,300
1,882,500

South

of
wheat

Sales

Total....
Deduct
exports
wheat and flour

9,716,600

(qr.)

6,997,000
335,100

the three

47,935,800

61,600,200

Ceylon

1,391,200

3,565,900

Australia
Other countries
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton

predominating

6,261,400

74,188,100

8,407,700

1,257,000

2,345,200

21,446,300

25,636,500

219,016,300

247,681,700

97,823,000

92,448,100

1,126,200

1,341,800

Grand total
317,965,500 341,471,600
Other manufactures of cotton show as follows:
1878.

101,360
74,889

£
£

1879

141,165
82,573

7,567,900
4,698,700
2,238,500

52,412,600
9,038,400
102,381,300
5,558,300
2,003,700

4,806,000
23,806,300

1880

183,776
92,805

953,997

70,866

£82,040

£

4,686,350

4,756,076

5,782,211

during the month

GOLD.

1879.

£

£

1,285.802, »
9,680,610
647,930
11,767,460

447,067

£.

535,761
4,547,524
1,117,168

6,332,970

4,736,877

468,742

663,141

8,521,577
487,245

7,803,545

8,307,720

1880.

10,608,754
1,122,747

SILVER.

716,261

7,408,909

2,920,526

46,412

53,518

100,665

53,774

4,435,082

4,195,815

3,502,893

2,866,752

45s. 6d.

61s. 3d.

12,804,249

5,142,958

48s. Id.

43s. 8d.

17,045,773

1,540,250

975,730

IMPORTS.
9

Wheat

....cwt.

1880.

1879.

1878.

1877

3,777,215

3,316,418

1,870,493

1,790,345

710,168

440,469
21,184

144,150

Barley

19,550
48,438

Peas
Beaus

2,016,59G
415,939

223,297
839,977

267,892
363,563

118,376
79,868

1,171,825

337,885

99.589
100.325

36,599
143,588

1,671.333
184,785

1,007,875
154,451

96,614
3,762

51,996

EXPORTS.

cwt.

Wheat

40,631

45.235
714
469

755

Barley

2,077
4,744

Oats
Peas
Beans

10.414

7,755
1,371
86,158

5,881

8,283

339

Indian corn..
Flour

Annexed is

804

415
852
225

’4,692

6,593

7,321
1,778

500

654

4.02 L

a

1879-80.

79,815

1878.

3,603,528

2,532,700 past season, viz., from September to
413,985,400 pared with the three previous years :

Other manufactures, uueuu£
merated
Total value of cotton manu¬

imports and exports of gold and silver
and eight months have been as follows:

4,249,333

154,451

return showing the estimated value of our
124,196,000 imports of cereal produce into the United Kingdom during th e

287,256,700

1,126,163

The

4,481,494

2,562,700

998,800

lbs.

595,000

184,785

previous seasons :

Indian corn..

2,880,400

288,340

337,385

The following figures show the imports and exports of cereal
3,270,200
3,516,600 produce into and from the United Kingdom during the first two
5,035,300 weeks of the season, compared with the corresponding period in

2,930,200

25,010,000

1,878,493

3,316,148

20,643,800

4,240,400
2,739,100

1,790,345

3,777,215
415,939

Visible supply of wheat
iu the U. 8
bush. 12,400,000

2,922,900

7,992,800




English

wheat for season

Oats

Straits Settlements

Imports in August
Imports in 8 months
Exports in August
Exports in 8 months.

or

Result

Av’ge price of

2,906,700
4,256,300
4,708,300

27,673,700

Bengal

Imports in August
Imports in 8 months
Exports in August
Exports in 8 months

home-grown

2,645,700
1,650,700
3,877,300

2,856,000

Madras

factures

Imports of wheat.cwt.
Imports of flour

1377.

1878.

1879.

1880.

Flour

Bombay

Thread for sewing

visible

2,357,700
2,560,900
5,827,000

British India—

patent not
Hosiery of all sorts

British markets since

32,695,100
16,567,200

4,597,400

1,303,300

and flour have been placed upon the
harvest, a period of two weeks. The
supply in the United Statens is also given:

quantities of wheat

380,900
2,597,100

8,466,800

5,013,500

Japan

1,066,500
4,006,400

3,615,500
5,692,600

33,914,300

China and Hong Kong

Lace and

the supplies furnished ex-granery at the
commencement of the season, it is estimated that the following

Without reckoning

4,569,300
4,173,200

36,129,700
7,603,700

4,359,300
2,793,300

Clnli

'

66,280 quarters in 1879. Since harvest
principal markets have been 28,864
quarters, agaiust 34,329 quarters; and it is estimated that in
the whole kingdom they have been 66,540 quarters, against
66,280 quarters in the corresponding period of last season.

66,540 quarters, against
the sales in the 150

3,222,700
3,959,300

34.763,300
7,113,500

4,630,900

Brazil

Yards.
3,378,600

3,738,900
6,633,600

1,624,600

Mexico
United States

Yards.
4,325,900

5,026,700
4,967,300

10,753,700

Foreign West Indies

1880.

2,444,800
4,923,900

3,597,600

West Coast of Africa

1879.

2,927,000
5,905,300

1,018,200
5,094,900

Austrian Territories
Greece

Guiana
British Possessions in
Africa

Daring the week ended Sept. 4 the sales of home-grown
in the 150 principal markets of England and Wales
amounted to 16,633 quarters, against 16,570 quarters last year;
while it is computed that iu the whole kingdom they were
wheat

August, compared with the corres¬
preceding years :

piece goods exported in
ponding month in the two
Exported to—

hand to mouth.

Wheat

Barley
Oats

£34,379,137
5,503,936
5,528,685
804,440

Peas
Beans

1,116,673
9,675,967
8,692,143

Indian corn..
Flour

1878-79.

£25.452,581
3,993,069

August, inclusive, com

4,012,432

4,538,416

10,305,0-!4
7,134,925

1,141,201
12,880.523
7,268,945

589,352
649,334

1876-77.

1 877-78.

£32,241,960
5,839,971

£26,959.044
4,933,567

5.221.175
565,859
1.722.176
10,648,150
-5,895,101

806,525

£55,945,071
From these figures it is evident that during the past season
our imports of cereal produce cost us more than in any previous
season, but the outlay was only about £1,000,000 more than in
1877-8—a period of somewhat high prices, caused by the RussoTotal....

£65,700.981

£52,136,697

£64,717,641

Turkish War.

imports
the past

following return shows the extent of the
into the United Kingdom during
551,955
4,485,036 season, viz., from September to August, inclusive,
494,057
5,533,094 with the three previous seasons:
The

wheat and flour

compared

WHEAT.

1878-79.

1879-80.

Ciot.

8,999,607
29,424,359
3,582,698

2,386,690

4,319,289

5,605,897

.

2,-160

11,985
548,959
288,889

2,287,946

1,124.081

2,486,182
3,107,465

716,281

61,103
182,596
257,914
562,113
3,880,152

2,461,059

1,578,602
54,135,041

45,098,205

1,791,205

.

Turkey, &o

Egypt

.

British India...
Other countries.

.

.

.59,815,691

Total

10,606,933
16,228,107
1,284,274
3,698,180
1,519,647
709,462
1,262,173
2,919,7‘_'0
5,164,675
1,709,034

6,143

France
Chili

Cwt.

Cwt.

9,398,304
29,492,691
3,363,177

Germany

1876-77.

1877-78.

Cwt.
From—
Russia
4,820,758
United States... .38,138,729
Brit. N. America 4.788,113
.

51,726,715
FLOUR.

1878-79.

1879-80.

1876-77.

1877-78.

‘

Cwt.

Cwt.

Cwt.

Cwt.

938,080

861,190

1,331,047

1,043,246

266,288

355,901

937,912

1,938,361

United States...
7.026,966
Brit. N. America
463,780
Other countries.
1,736,612

5,3S1,339

3,237,645

1,648,590

393,106
2,132,854

349,085

154,906

2,195,171

1,864,957

.10,431,726

9,124,388

8,051,660

6,650,060

From—

Germany

.

France

.

.

.

Total

11157438———SSStttrrr...

321

THE CHRONLCLE

25, I860.]

September

13—Str. Britannic

Liverpool

For. gold coin..

13—Brig Curacoa

Venezuela

Am. silv. coin..

13—Str. Bermuda
13—Str. Seliiedam
13—Str. Suevia
Alvo

British West Indies.For. gol-d coin..
Germany
Gold bars
Germany
For. gold coin..
U. 8. of Colombia...For. gold coin..
France
For. gold coin..
France
.For. gold coin..
Germany
For. gold coin..

St. Laurent

Wieland

England

For. gold coin..
For. gold coin..

Germany
Germany

Mosel..

Gold bars

U. S. of Colombia...Am. silv. coin..
Am. gold coin..

Clyde

Total for the week ($15,226 silver and

6,085
253.260

275,070
570

852,850
173,700
954,029
6,500
238,450
314.260
252,440
243,320

1,164
855
753

For. silv. coin..
Gold dust.

78,000

Silver bullion..

1,106-

$4,327,585 gold)
$4,342,811
$18,195,436 gold)..21,991,807

Previously reported ($3,796,371 silv. and
Tot. since Jan. 1/80

($3,811,597 silv. and $22,523,021 gold).$26,334,618

Same time in—
1870
$32,015,512
1878
15,072,938
1877
11,510,431
1876
4,062,384

English Market Reports—Per Cable.

For. silv. coin..
For. gold coin..

City of Merida...Mexico

15—Str. Algeria
17—Str. Allemania

605775
13

Am. gold coin..
For. silv. coin..

*

*

$680,400

Same time in—

$9,013,045

1875
1874
1873
1872

4,786,987
3,899,854

Same time in—
1871
$7,802,913
1870
8,239,889
1869
11,202,442
1868
5,772,969

2,961,288
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
Texas & St. Louis.—The Stock Exchange Committee has
the following summary:
admitted to the list the first mortgage 6 per cent gold bonds of
this company, to the amount of $1,040,000, dated June 1, 1880r
London Money and Stock Market.—The bullion in the Bank
and maturing June 1, 1910. The company’s statement says
of England has decreased £3,900 during the week. The de¬ that the road is a narrow
gauge railroad extending from tne
crease in the reserve of the Bank of France during the past
terminus of the St. Louis & Iron Mountain Railroad at Texar¬
kana, Texas, in a southwesterly direction to Corsicana, Texas,
week was £220,860 in gold and £21,400 in silver.
and thence to Waco. The road is completed from Texarkana,
Thurs.
Fin.
Wed.
Tues.
Mon.
Sat.
to Tyler, a distance of 125 miles, the division Tyler-CorsicanaSept.
Sept.
Sept.
Sept.
Sept.
Sept.
Waco
24.
being now under construction. The company is entitled
22.
23.
20.
21.
18.
52%
to 102,400 acres of land for each completed 10 miles section,,
52%
521s
52%
Silver, per oz
52316
d 523ie
Consols for money
971*16 9 /1;{16 97131C 9713I6 971316 9713,6 except on 36 miles, on which it will receive only 51,200 acres (lessConsols for account.... 9 l°i(j 971516
97131G 9713,6 91lo,6 971516 21 miles) of which
certificates have been sold. 'The capital stock
105%
10534
1053*
U: S. 5s of 1881
10534
1053*
1053*
113
and the bonded debt of the company stand as follows : Capi¬
114
113%
114
113%
U. S. 4%s of 1891
113%
112
113
112%
1123*
112%
U. S. 4s of 1907
112%
tal stock authorized on road from Texarkana to Waco ($8,000 a
41%
403*
39%
39%
40%
403*
Erie, common stock
mile), $2,000,000; land grant bonds authorized on road from
116
117%
117
117%
Illinois Central
11712
Texarkana to Waco ($8,000 a mile), $2,000,000; first mortgage
61%
60%
Pennsylvania
16
15%
6 per cent gold bonds authorized on road from Texarkana to
14%
16%
16is
Philadelphia A Reading 16*4
133%
135
135
133%
135
134%
New York Central
Waco ($8,000 a mile\ $2,000,000. No securities can be issued
except upon completed road. Up to July 17,1880,130,110 miles
Liverpool Breadstuff3 and Provisions Markets.were completed from Texarkana to Tyler, and first mortgage 6
Fri.
Wed.
Thurs.
Mon.
Tues.
Sat.
per cent gold bonds $1,040,000 have been issued on account of
s.
d.
s.
d.
s.
d.
d.
s.
d.
s.
s.
d.
12 6
road already completed, No. 1 to 1,040, each $1,000, and $8,000
12 6
12 6
12 6
12 6
Flour (ex. State).100 lb.12 6
8 11
8 10
8 10
8 10
8 10
8 10
tVheat, No. 1, wh.
“
to the mile will be issued as the road is hereafter constructed
8 8
8 10
8 9
8 9
8 10
8 10
Spring, No. 2...
if
from Tyler to Waco, about 130 miles.
The present authorized
8
8
8 8
8
8
8 8
8 8
8 8
“
Winter,West.,n.
issue
on 250 miles from Texarkana to Waco is $2,000,000.
The
10
8
10
8
8
8
10
10
8 10
8 10
Cal. white
“
4 11%
4 11%
4 11%
4 11%
4 11
4 11
trustees are Mr. H. Gr. Marquand, of this city, and Henry
Corn,mixed,West.
“
72 0
70 O
71 O
70 0
70 O
Pork, Wesi.mess..sfibbl.69 O
Wheeler, of Philadelphia. The company has no floating debt.
42 O
42 O
42 0
42 O
42 O
Bacon, long clea*\ cwt.. 42 0
62
6
62
6
62
6
62
—Messrs. Winslow, Lanier & Co. are offering the 6 per cent
62
6
6
mess,
Beef, pr.
$ tierce.62 6
43 O
43 0
43 O
42 6
42 3
Lard, prime West. $cwt.42 0
fifty-year
sinking fund bonds of 1879 of the Chicago & North¬
64 0
64 0
64 0
64 O
64 O
Cheese, Am. choice “ 64 0
western Railway Company at 105 and interest.
The bonds are
Liverpool Cotton Market.—See special report on cotton.
the direct obligation of the Chicago & Northwestern Railway
Company, and are secured by first mortgage bonds, issued at
$15,000 per mile of completed road built and acquired by that
Commercial amai$4scell<nie0ws Hextrs. company; they are of the following denominations: Coupon
bonds of $1,000 and registered certificates of $5,000 each.
Imports and Exports for the Week.—The imports of last
—The partnership heretofore existing under the firm name
week, compared with those of the preceding week, show of James W. Walsh, Jr., & Co., expired September 15, by limit¬
ation. Mr. James W. Walsh will continue the transaction of a
a decrease ia dry goods and an increase in general merchandise.
commission business in stocks, bonds, &c., at the office,
The total imports were $L2,797,557, against $8,666,859 the pre¬ general
Mr. Walsh has had a long experience in Wall
19 Broad Street.
ceding week and $ 3,143,151 two weeks previous. The exports Street, and has been for some years a member of the New York
for the week ended Sept. 21 amounted to $8,728,104, against Stock Exchange. —The card of Messrs. Lummis & Day will be found in our
$8,718,379 last week and $3,061,108 two weeks previous. The
advertising
this week. The members composing this
following are the imports at New York for the week ending firm are wellcolumns
known on the “street” and on the Stock Exchange
(for dry goods) Sept. 16 and for the week ending (for general as capable and energetic business men.
merchandise) Se]:t. 17:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
BANKING AND FINANCIAL.

The

i

....

....

....

r

.

1877.

$lt7s8.917

Dry Goods
Total week
Prev. reported..
Totals’ce Jan.

$6,400,133

237,801,924

1879.

1880.

$2,78 4,233

$2,912,612

3,783,775

4,611,216

General mdse...

1878.

$1,868,253

4,590,516

$7,374,749
$5,652,028
203,411,470 224,683,055

$12,797,557
353,838,736

onr

EXPORTS FROM NEW YORK FOR THE WEEK.

1877.

For the week....
Prev. reported..

$7,427,911
195,357,621

1878.

1880

1879.

$7,543,295
$8,84o’,466
246,836,294 234,906,481

$8,728,io4

289,590,479

1.$202,785,532 $254,379,589 $243,746,947 $298,318,583

exports of specie at this port last week.
The imports of specie at this port for the week ending Sept.
There
18

were no

were as

follows:

Sept.
13—Str. Celsus

13—Brig Alice




Am. silv. coin..

$1,019

For. silv. coin..
Am. gold coin..

2,215

British Honduras... Am. silv. coin..
Am. gold coin..

1,291

Porto Rico

*

3,939

127

&

HATCH,

DEALERS IN GOVERNMENT
And other desirable Inv estment Securities,

BANKERS AND

No. 5 Nassau Street,

l.$244,202,057 $209,063,498 $232,057,804 $366,636,293

of

Total s'ce Jan.

FISK

9,884,945

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
specie) from the port of New York to foreign ports for the
week ending September 21:
In

^

BONDS,

New York.

all issues of Government Bonds, in large or small amounts,
prices, and will he pleased to furnish information In
all matters connected with investments in Government

Buy and sell

at current market
reference to

Bonds.

prepared to give information in regard to first-class Railway
orders for the same.
sell
Buy and
all marketable Stocks and Bonds on commission, at the
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants and others, and allow
interest on daily balances; and for those keeping accounts with us we
collect U. S. coupons and registered interest, and other coupons, divi¬
dends, &c., and credit without charge.
Jjp* We give special attention to orders from Banks, Bankers, Institu¬
tions and investors out of the city, by tWall or Telegraph, to buy or
sell Government Bonds, State and Railroad Ronds, Ranh
Stocks, Railroad Stocks, and other securities.
We have issued the Seventh Edition of “ Memoranda Concerning
Government Bonds;” topiea of which oan he had on application.
We are

Securities and to execute

FISK & HATCH.

THE CHRONICLE.

322

:

^N|TIONAL

RANKS

Interest

ORGANIZED.

of Santa Barbara, California, has been

converted into the First National Bank of Santa Barbara, under
Act of February 14, 1880.
DIVIDENDS.
The following dividends have
Name

recently been announced:
Pet'
Cent.

of Company.

When

Books Closed.

Payable.

(Days Inclusive.)

Miscellaneous.
American District Tel. (quar)
Also 10 per

Oct.
Oct.
Oct.

15 Oct.
20 Oct.
1 Sept.

1*4

Oct.
Nov.

15 Oct.

*2

Oregon Railway & Nav. (quar)...
*

3^2
1*2
1%

1

1 to Oct. 20.
1 to Oct. 20.

21 to Oct.

Money

Financial

and

Market

J.
J.
J.
J.

reg.
coup.
reg.
coup.
reg.
coup.
reg.

J.
J.
J.
J.

4*23, 1891
4.8, 1907

coup.

Q.-Mar.

Q.-Feb.
Q.-Feb.
Q.-Mar.

reg. Q.-Jan.

4.

•*

This is the price bid : no

Sept.

21.

22.

*125
*120
*127
*128
129

sale

*125
*120
*127
*128
*129

follows:

as

Sept.

Sept.

23.

24.

*102%
*102%
10412
*104^
1025s
*10212

*10214
*10244
104*2
*10412
*10212
*10212

10912

*110
*110

*10912
108*8 *108*8
IO.914 10914

-125
*126
*127
*128
*129

*125
*120
*127
*123
*129

*124
*124
*124
*124
*124

made at the Board.

was

in prices since January 1, 1880, and the amount
outstanding Sept. 1, 1880, were as follows :

The range

of each class of bonds

Amount

Range since Jan. 1, 1880.

P. M.

101% July 27 10478 May 20
103 7s July
9 107i8 May 26
1025sAug.
4 10418 Apr. 28
100*8 Jan.
2 111*8 Aug. 2
103
Jan.
2 110*8 Sept. 3

6s, 1880
cp.
6s, 1881
cp.
5s, 1881
cp.
4%s, 1891..cp.
4s, 1907
cp.
63,cur’ncy.reg.

Sept. 1, 1880.

Registered.

Coupon.

$12,181,000

$2,676,000

162,653,800
299,127,200
172,091,500
532,242,350

51,204,400
181,283,250
77,908,500
205,999,000

Highest.

Lowest.

Situation.—The

markets this week were sluggish and irregular, until Thursday,
when a weakness in tone was developed which became still more

Sept.

20.

*10214 *10214 *L02i4 *10212
*102i4 *10214 *10214 *102^
*10458 10458 * 1045s *104%
*10158 1045s *1045s 1045s
*102*4 -1025s *1025s *102*4
*1025a *10258 *102 5s 1025s
*11012 *11012 *110*8 *110%
*11012 *11012 *110*8 *110%
*10918 *10918 109
*10918
*11018 *11018 11018 110

6s, cur’cy, 1896..reg. J. & J. *120
6s, cur’cy, 1897..reg. J. & J. *127
6s, cur’cy, 1898..reg. J. & J. *128
6s, cur’cy, 1899..reg. J. & J. *129

cent in scrip.
FRIDAY, SEPT. 24, 1880-5

The

1.

2 to Oct. 19.

Sept. 29 to Nov.

&
&
&
&

08,1880
6s, 1880
6s, 1881
6s, 1881
58, 1881
5s, 1881
4%s, 1891

Sept.

18.

4s, 1907
coup. Q.-Jan.
6s, cur’cy, 1895..reg. J. & J. *125

Railroads.
Cliic. Mil. & St. P., coin, and pref.
Delaware Lack. & Western(quar).
Union Pacific (quar)

Sept.

Periods.

The United States Comptroller of the Currency furnishes the
following statement of National Banks organized:
The First National Gold Bank

York Board have been

The closing prices at the New

'L'hc jankers' dteette.

-

|Vol. XXXI,

The decline in Government bonds in the past
04.623,512
125
Sept, 9
Apr. 21 130
days amounts to about % per cent, and from the highest
point before the election news 1% per cent. Aside from any at¬
Railroad and Miscellaneous Stocks.
The stock market
tempts to make capital out of this for political purposes, has been irregular and towards the close very weak. There
it is generally attributed by the dealers in Government bonds has not been at any time this week a tone of decided strength
to the considerable sales by parties who could realize a hand¬ in the market, and finally with the decline in Government
bonds, and the sharp downward turn in such leading stocks as
some profit at the high prices ruling, and who have thought it
Western Union Telegraph,'the Wabashes and Union Pacific, the:
desirable to market some of their bonds, in view of a possible whole list fell off. The fact that the Gould stocks rather took
change in the administration of the government. In fact, it the lead in this movement has led to the conclusion by many
has been rather a surprise to bankers and other careful that Mr. Gould was not unwilling to see lower prices for the
time being. After the middle of September, when the drift of
observers that the four per cent bonds held up so long at the
feeling in the street had become pretty well known and the
very high price of 110@110^. It was almost a foregone con¬ influence of the elections was carefully estimated, it is quite
clusion that the election excitement would shake the markets a possible that some of the leading operators inclined to the bear
good deal, whichever party might be ultimately successful, and side as more profitable for" the immediate future than the
attempt to make a higher range of prices. After the Western
a decline in bonds after midsummer would not have been at all
Union books closed, it was rumored that the American Union
extraordinary. The general stock market has been decidedly party would obtain control; but this has recently been denied
weak the past few days, and to-day the fall was quite precipi¬ very positively by the friends of the old management. The
tate in some of the leading speculative stocks.
The earnings declaration of a dividend of 1% per cent by Del. Lackawanna &
for the second week of September are even more favorable than Western marks a new era with the coal road stocks, and
for the first week, and we are now comparing too with very except for the present temper of the market would be much
heavy earnings in 1879; so it is apparent that the turn in stocks talked of.
comes rather from the feverish condition of the market than
The daily highest and lowest prices have been as follows:
from any less favorable prospects for dividends. It is also to
Saturday, Nonday.
Tuesday, Wcdnesd. Thursday, Friday,
be, added that dividends of 3/6 per cent on each class of the
Sept. 23.
Sept. 34.
Sept. 22.
Sept. 21.
Sept. 20.
Sept. 18.
St. Paul stocks and 1/6 per cent on Delaware Lackawanna &
74
74
74
77
77%
74%
76
76%
75%
70% 70% 70%
Western are practical evidences of improvement which are Am. Dist. Tel. 41
41
40)6
41% 41% 40% 40% 40
Atl.&Pac.Tel.
41)6 41
|0%
6 >
60
6)
00
53% 5“<% 58
58->6
calculated to give strength to the respective classes to which Canada South. *57-% 00
60% 59
76% 75% 70% 73% 7'W 72% 74% 09% 7346
Cent.of N. J.. 75% 70% 70
they belong.
73
73
73% ’73% 73%
74%
Cent. Pacific.. 7314 73)6
19
20
17% 18%
The money market is very easy, and 2@3 per cent is quoted Ches.&Ohio.. *19 % 19% 20
*19% 20% 19% 19% 19
26
26
26
*25
20
23% 24
*24
24% 24% 24?
24%
Do lstprf.
on call loans, with 5@5/6 per cent* as the rate on prime commer¬
*20
22
20% ;i9% 21
21
20% 20% *L9
Do 2d prf.. 21
20% 21
decided to-day.
two

—

,

ft.

cial paper.
The Bank of England statement, on Thursday showed a de¬
crease of £3,900 for the week, and the reserve was 53% per
cent, against 53 per cent last week ; the discount rate remains
unchanged at 2^6 per cent. The Bank of France lost £220,360
in gold and £21,400 in silver.
The last statement of the New York City Clearing House

Chic. & Alton. 117
Chic.Bur.& Q. 135

banks, issued September 18, showed a decrease of $398,050

Col.Chic.&l.C. 19
ii>%
Del.&H.Canal *85)6 86
Del.Lack.&W. 90)4 90 >6
Denver^ lt.G.
Han.& St. Jo.. 3 m 40%

in the

surplus over legal reserve, the total surplus being
$5,302,825, against $5,700,875 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
1880.

Sept.
Doans and dis.

IS.

Differences fr’m
previous week.

Circulation
Net deposits

.

Legal tenders.

Legal reserve.
Reserve field.

Surplus

19,942,000
21,384,900

177.000

19,314.5001 Dec.

..

1878.

Sept. 21.

$407,300 $259,391,000 $245,377,400

$314,123,500 Tnc.

6(3.517,300ilnc.

Bpecie

1879.

Sept. 20.

9,100
578,200

293,928,7001 Tnc.

13,517,700;Dec.
$74,732,175 Inc.

•

18,322,800
19,01(3,300

228,271,000

217,301,000

42,029,400

48.538,400

253,500

(31,971,400

00,801,200

$398,050

$4,903,(350

$12,535,200

430,500
$144,550 $57,007,750 $54,320,000

80,035,000j Dec.
$5,302,825|Dcc.

United States Bonds.—The decline in

governments this week

noticed above, and the closing price to-day was 108%, a
decline from 110 last week. There has been an absence of

is

strong buyers lately, and this accounts for the decline quite,as
much as the free offerings of bonds. At the Treasury pur¬
chase on Wednesday the offerings to sell bonds.amounted to
$6,324,700, of which $2,500,000 were accepted, including
$2,458,000 5 per cents, at 102*67@102-72, and $48,000 6s of 1880,
at 102*54@102’60.

Sept.
10.




133%

Chic.M.&St.P. 91%
Do
pref. 11214
Chic.&N. W.. 103)6
Do
pref. 121%

92

11234
104] t.

....

32m
C.R.I.&P.new 117)6 117%
Ch.St.L.&N.O. 39)6 39%
Ch.St.P. M.&O 42)6 42%
Do
pref.
Clev. C. C. & l.

82

82%

*71)6

*

Do

pref.

Hous.&Tex.C.

81%

*

-

115% 116% 115
133
135% 134
91% 9236 92%
112%
103)6 10376 103%
122
12134 122
117
117% 117
39% 39% 40
42% 42% 42
62% 82% 82%
72% 72% 7176
19
19% 19
85% 86% 86
90% 91% 90%
72% 72% 72%
39% 4076 39%
82)4 84 • 82%

,

83%
05

_

Sept. Sept.
17.

24.

weeks past and

Range since Jan. 1, 1880.

Highest.

100
1053i 105*4 104% Apr. 15 106 78 Jan. 12
lllig U37w 113
10978 Jan. 2 11478 Aug. 3
114
xl 13 112
10014 Jan. 2 11414 Aug. 31

134%
93%
113%
104%
122%
117%

114

110%

116%
(29%
91%
112%
102%
118%
117%

113

114

114%
129

120
128% 130
93% 9176 9276 91%
112% 111%
112% 112
104% 102% 103% 101%
419
121% 119% 121
110
117% 116% 117
38
38
37% 3776 *36
41
41% 39%
41% 42
81
8176 80%
82% 81
08%
70% 71%
16
18
18
1646
18%

40

42%
82%
71%

131

....

19

84% 85%
90)6 91%

80%
91%
7276
40%
83%

71%
38%

81%

72%
39%
83%

85%

8y%

91

•

116%
38%
41

80>6
09

17%
806
88% 90%
83

<0
71)6
38)6 38%
81
82%
•

103%

120

....

84

•

....

9276
112%

•

.

•

.

70

08%

3646 38%
79% 81%
....

....

.

11176 112% (11% 112
33%
34% 34% 34% 33% 34% 33% 33% 3(
108% 100% 108)6 106% 107% 105% 107
103% 108

113%

113% 113% 112

113

148%

147

150
31

152

151
31

150

:oi

150

148

31
4%
5h
576
476
5%
5%
576
5%
Mar.&C.lst pf.
516
3
3 W>
2>fc
4%
4%
3%
Do
4‘4
2d prf.
4%
92% 9346
95
95
95
95)6 93
95% 93% 94
Mich.Central. 94)6 95
*22
v*
23% 21% 21% *22% 23% 22)6 2<J% 21% 22%
Mobile&Ohio.
8176
32% 33% 31% 32)6
Mo.Kans. & T. 33)6 34% 33% 34% 32% 34
*110 1
110% 110% 110% 110%
110)6 111
Mor.& Essex..
56
50
00
61
01
56%
60
00
60% 04%
Nash.Ch.&StL 60
63%
20
26
27
27
NewCent.Coal
130% 129 129% 12876 12976 125%129
N.Y.C.&H. It. 13014 130)6 12976 130% 130
N.Y.L.E.& W. 386s 39% 38-36 39% 39)6 39% 38)6 39% 38% 3876 3746 3846
70
67% 09
07)* 08% 68% 0936 09% 71% 09
Do
pref. 07% 68
23% 23% 22% 23%
2376 24
23% 24
N.Y.Ont. & W. 23 % 23% 23% 24
30
29% 27% 29%
.30% 29
Northern Pac. 30)6 30% 30% 30% *30% 31
53
55
53% 51% 53
55% 53% 55
Do
pref. 54)6 55% 54% 55
21
21
21% 21%
*21
22%
22% *21
Ohio Central..
33
34
31% 3346
35
35%
35% 34-36 35% 34
Ohio & Miss...
30% 35
74
73
Do
31

30%

31%

30

30% 3D6
0
4%
....

....

.

.

...»

t

.

.

....

....

....

....

....

pref.

*

•-

«

40%

40% 40%

41

..

•

•

30% 3 i%

3i

31

31)6

.

....

pref.

3L
.

t

....

29%
.

.

.

.

.

.

3t.Tj.LM. & So. 53)6
*
St.L.& S.Fran.
Do
pref. *45

55)6

53%

35
40% '45
35

55
35
40

54

55)6

*45
*75

35
46
76%

#

Do 1st prf. *75
76%
1% !
1%
1%
Sutro Tunnel.
1%
1%
1%
x91
91%
Union Pacific. 92)6 93
+92)6 93
38
37
!
38%
Wub.St.L.& P. 30)4 37% 30%
Do
pref. 00% 07% 60% 07% 60)6 07% I
West. Un.Tel. 102)6 104% 102% 104)6 x01% 102)6 }

31%
....

52)6 54%
35

were as

follows:

75%
52%

.

•

•

75%
(%

88%

90)6

38%

36

87%

35%
04%
9076

97% 101%

.

25%
.....

•

...

46%
....

•

43% 43%
75% 75%

75%

.

.

.

.

•

.

42%
•

•

.

1%

.

8a

89

19a
2 +%
•

•

•

•

.

.

•

•

.

.

51
.

.

43%
....

1%
88%

36)6 34% 3546
05%
05% | 64
99% W7% W5*fc
•

made at the Board,

Total sales of leading stocks for the week
and the range in prices for the year ^79 and

date,

21

75%
51%

44%

These are the Drices bid and asked: nrr salt was
t Sales were also made ex-div. at 91@91%. *

to

2L

•

04)6 00>6

....

28% 29%

44

.

37% 3§76

33% 39%
....

.

•

....

•

39% 40%
....

St.L.A.&T.H.
Do

•

-

40)6 40%

Pacific Mail...
Panama
Phil. & Read’*?

*

Lowest.

115

....

Illinois Cent.. 113)4 113)6 113
Lake Erie&VV. 33% 3476 33%
108% 10776
Lake Shore.... 108
Louisv.&Nash 142)6 143% 147
30%
Manhattan....
3:% 31

...

f* Closing prices of securities in London for three
the range since January 1, 1880,were as follows:

U. 8. 5s of 1881
U. S. 4i<js of 1891
U. 8. 4s of 1907

.17

....

....

ending Thursday,
from Jan. 1, 1880,

September 25,

THE

1880.]
Sales

Year 1879.

Week,
Lowest.

Shares.
Canada Southern....
Central of N. J..

200

Chicago <fe Alton
Chic. Burl.

40
45

1,225

54,021

Highest.

May 17
May 25

2
113
June 2
66% May 25
99
May 10
87% July 9
104
Feb. 10

99% Jan.

5,181
139,345
1,970
29,615
Do
do pref.
4,455
*Cliic. Rock T. <fe Pac
4,099 100% June
Col. Chic.& Ind.Cent.
9*2 May
3,355
60
Del. & Hudson Canal
8,635
May
Del. Lack. & Western 107.700
63% May
Hannibal & St. Jo...
2278 May
23,510
Do
63^2 May
do pref.
28,850
Illinois Central
99i2 Jan.
3,659
Lake Erie & Western
2014 May
23,425
95
June
Lake Shore
49,720
Louisville & Nashv..
86% Jan.
5,400
21
Manhattan
9,327
July
75
9,276
May
Michigan Central....
Missouri Kan. &Tex.
28% Mav
35,715
699 100
Morris <& Essex......
May
Nashv. Chatt. & St. L.
9,600 47% June
N.Y. Cent.<fe Hud.Riv
10,454 122
May
30
June
N.Y. Lake E. &West. 110,500
47
Do
do pref.
17,330
May
20
Northern Pacific
2,385
May
Do
39% May
7,427
pref.
23
Ohio & Mississippi.. 114,205
May
Pacific Mail
27% May
22,360
&

Quincy

Chic. Mil. & St. P.
Do
do pref.
Chic. & Nortliw

400

1,330

94%
44%
86%
2 116%
11 38%

25
25
25

2 111%

8 164%
22 57%
17 98%
25 49%
24 112%
1 128

11
1

16,660
28.400

137

78%

7

33%

75

Mar. 31 112

48% Feb.
73% Feb.

2
2

139
21% 49

17

Mar.

Sept.

7 123

13% July 2
34% May 25
25% May 11

72% Jan.

33
60
80

60% Mar. 8
83% Mar. 9
97% Jan. 19

25
11
24
25

36
60

Jan.

11
11

11
25

Jan.
Jan.

44% Mar.

62
2 195

May
May
May
26% May
51% May

400

113%
106

45%

89%
100%
Jan. 26 111% 134%
Sept. 7 34% 82%
Sept. 7 74% 102%
Sept. 7 49% 94%
Sept. 4 76% 108
June 8 119
150%
5
28
Jan. 26
89%
Sept. 9 38
94
Mar. 22 43
Sept. 2 13% 41%
70%
Sept. 2 34
Sept. 7 79% 100%
Mar. 4 l 16
28%
108
Mar. 4 67
89%
Apr. 2 35
Mar. 16 35
72%
Aug. 2 73% 93
5% 35%
Jan. 27
Sept. 9 75% 104%
Mar.
5 35% 83
Aug.

93%

High

37%
14 r 16
13 {44%
7%
6
8 10%

168

18,030
29,665

113
132

126%
11 204
11 25%
25 88%

....

Panama
Phila. & Reading
St.L. Iron Mt.&South.
St. L.& San Francisco
Do
pref.
Do
1st pref.
Union Pacific
Wab. St. L. <fe Pacific
Do
do pref.

74% Jan. 14
90% Mar. 8

Low.

66
48

48

78%
40%
65

33%
39%
182

3

Feb. 17
Feb.
2

13

3%
4%
9%
57%

56
53

60%
78%
95

Jan. 27

25 73% Aug. 5
2 116% Feb. 24 88% 116
Lowest price here is for new stock, sold for first time June 11.
t Range from Sept 25. t Range from July 30.

WesternUnioa Tel..

65,240
77,577

86% June

*

The latest railroad earnings and the totals from Jan. 1 to
latest dates are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “ Jan. 1 to latest date” furnish
the gross earnings from Jan. 1 to, and including, the period
mentioned in the second column.
Latest earnings reported.—, / -Jan. 1 to latest date.1879.
1880.
Week or Mo.
1880.
1879.
Ala.Gt. Southern. August
$58,701 $34,807 $390,993 $254,949
Atl.&Gt. West.... June
301,272 2,421,668 1,884,409
368,456

588,398
767,796
Albany & Susq ..July
89,356
105,472
Atch.Ton.&S.Fe. August
673,000 516,765
Atl. Miss. & Ohio. July
853,710
145,585 138.224 1,048,099
381,938
Atl. & Char.Air-L. July
460,843
59,693
45,66 L
952,692
Bur.C.Rap.<fcNo..2dwkSept.
33,066 1,366,720
45,498
Cairo <fe 8t. Louis. 1st wkSept
262,419
167,062
8,072
10,251
Central Pacific...August....%885,000 1,556,457 12,149,693 10,870,698
Ches. <fc Ohio
August.
259.110 215,695 1,756,381 1,201,886
173,132 5,216,351 3,611,682
Chicago & Alton .2d wk Sept. 207,490
Chic. Burl. <fe Q...July
1,566,661 993,823 9,715,424 7,504,062
845,852
568,921
Chic. & East. Ill.. 2d wk Sept.
17,696
31,330
Chic. Mil. <fc St. P. 3d wk Sept. 292,000
232,514 8,324,000 6,223,794
Chic. <fe Northw..August
1,771,314 1,326,957 11,955,653 9,601,520
Chic. St.P.Min&0.2d wk Sept.
763,088
25.124 1,001,381
34,092
Chic. & W. Mich.. 1st wk Sept
12,839
18,091
Cm. Ham. <fe D...July...
245,060 197.464
Cin. Sand. <fe Clev.12i ay
21,050
27,543
dys July
488.866
Cin. & Bpringf. ..2dwkSept.
19,228
593,660
18,274
Clev. Col. Cin. & 1.2d wkSept.
86,071 2,875.165 2,313,680
96,363
252,009
280,947
Clev. Mt.V. & Del. 1st wk Sept
10,001
10,517
652,453
681,572
Del.&H.Can.. Pa.Div..July.
105,355
92,903
Denver & Rio Gr 3d wk Sept.
25,922 2,079,882
91,352
399,887
Denv.S.P’k<fc Pac. August
128,811
91,204 1,367,344
148,816
6,157
205,776
Des M.& F.Dodge.2d wk Sept.
9,436
Det. Lans. <fc No.. 1st wk Sept
23,768
20,941
21,804
656,526
587,936
28,143
Dubuque&S.City .2d wk Sept.
Eastern
281,842 247,633 1,613,051 1,363,825
July
Flint <fe Pero Mar. 1st wkSept
31,885
21,147 1,019,475
707,327
Gal. Har.ife San A.June
91,482
92,452
197,244 7,256,397 5,999,936
Grand Trunk. Wk.end.Sep. 18 231,886
Gr’t Western.'Wk.end.Sep. 10 105,452
91,390 3,366,475 2,851,618
Hannibal & St. Jo. 2d wk Sept.
41,162 1,666,703 1,216,725
48,983
Houst. <fc Texas C. July
186,843 1,688,512 1,339,522
227,679
494,704 3,928,022 3,491,181
IllinoisCen. (III.).August
566,489
Do
107,273 1,016,246
911,948
131,898
(Iowa) .August
817,280
747,947
27,406
28,723
IndianaBl. <fe W..lst wkSept
979,967
Int. & Gt. North..2d wk Sept.
42.125 1,063.854
47,551
Iowa Central
58,182
July
86,596
522,549
22,632
718,806
K. C. Ft. S.cfe Gulf.4th wk Aug
28,609
13,154
457,245
296,201
Kans.C.Law.<fcSo.4tliwkAug
15,417
Lake Erie& West. August
67,055
127,811
115,092 6,003,447 3,7 i 2.480
Louisv. A Nashv. 2d wkSept. 194,300
•540,130
90,439
371,221
Marq. H. & Ont’n.August
133,600
513,986
8,423
695,172
Memp. A Chari.. .2d wk Sept.
23,975
266,904
6,828
429,267
Minn.& St. Louis.3d wk Aug.
15,356
Mo. Kan.& Texas. 2d wk Sept.
86,983 2,821,216 1,973,561
85,874
Mobile & Ohio
3 wks Sept. 116,697
94,496 1,397,310 1,167,713
142.182 1,345,625 1,113,659
169,326
Nashv. Ch.<fc St.L. August
231,112
372,493
N. Y. A Canada ..July
41,981
48,519
..

323

.—Latest earnings reported—.
Week or Mo.
1880.
1879.

Range for

Range since Jan. 1,1880.

of

CHRONICLE

South. Pac. of Cal.August.... $508,000
Texas <fe Pacific ..4th wk Aug
53,148
rol.Peoria<feWar.2d wkSept.
30,180
Union Pacific
July
1,988.000
Wab. St. L.& Pac. 2d wkSept. 306,788
State and Railroad

N. Y. Cent. & Hud. August....3,022,855
N.Y. L. Erie & W. July
1,580,976
N.Y.&N. Engl’d. 2d wkSept.
49,457
Northern Central. August
453,923
Northern Pacific August....
208,300

2.546,029 21,628,649 17,893,419
1,273,533 10,672,040 8,933,625

49,023

316,716

210,927
54,863
54,187
34,303 ' 27,331
3,819
2,414

.

Ogd. & L. Champ.August....
Pad.&Elizabetht. August —
Pad. & Memphis.. 1st wkSept

3,120,011
1,353,579
344,530

244,358

2,475,661

1,112,493
267,150
184,114
102,931

134,124
August
3,723,355 2,982,718 26,607,070 21,179,632
Peoria Dec. <fc Ev. 1st wkSept
3,359
8,648
304,319
Philadel. *fe Erie.. August
347,532 275,907 2,431,030 1,871,011
Phila.& Reading.August....1,531,813 1,462,280 11,004,115 9,460,470
303,198
Pitts. Titusv. *fe B. August
55,500
37,526
372,672
Ports.Gt.F.&Con.July
14,709
13,596
771,671
Rensselaer & Sar. July
176,452
149,371 1,013,690
648,366
St.L.Alt.&T.H. ..2dwkSept.
33,302
25,054
957,834
354,920
Do
(brehs).2d wkSept.
16,160
14,210
431,890
St.L. Iron Mt.&8.2a wkSept. 173,800
156,165 3,939,796 2,963,415
922,567
St.L. & San Fran. 2d wkSept.
65,834
46,778 1,726,068
SVP.Minn.&Man.2 wks Sept. 121,045
103,027 2,063,714
St.Paul & Duluth. July
56,630 •
313,160

Pennsylvania

Scioto Valley




wkSept.
3dwkSei>t.

31,221
6,205

21,671
6,341

941,358
224,102

722,189
196.561

1879.

tivity either in State or railroad bonds, and
ment securities show little change.
Even

prices of the invest¬
the bonds dealt in
on speculation have not been as active as usual, and have not
yet shown close sympathy in selling down with the stocks of
the railroads to which they belong.
Messrs. A. H. Muller & Son sold the following at auction:
Shares.
10 Park Fire Ins

Shares.
23 Central N. J. Land Impr.
Co
20
82 Lohigh <k Wilkesbarro
Coal Co
$3 50 per share.
50 Transmontane Co. of W.
Va
$3 50 per share.
100 Bankers’ & Brokers’ Tel.
Co
$2 50 per share.
200 Minn. Mining Co., $50
each
..31c. per share.
320 Kan. Colorado Gold Co.,

$161 Cent. N. J. Land Impr.
scrip
21
2,300 Sea Cliff Grove & Metr.
Camp Ground Asso. 7 p. c.
mort. bonds, due Oor. 1,
11

1881

1,200 New

Haven

Middle-

town & Willimautic RR.
7 p. c. mort. bonds, due

for $5

1891

...for $1
& Coal Co., '
$10 each
•.
for $2
10 Metrop. Gaslight Co
135
$10 each

20 N. Y. Gaslight Co
53 N. Y. Mutual Gaslight
10 Commercial Fire Ius

113%

Bonds.

3,000 Kan. Col. Gold Co. 7

250 Bergen Oil

?.867c. bonds, due Feb.,for
22,500

105%

of

State

Virginia

$3

•

treasury notes, dated Au-

Co. 65

gust 13, 1861, $500 ea....$36

100

Exchange.—Foreign exchange remains dull, with very little
change. The best authorities here and in London seem to
anticipate a decline in our specie imports from this time for¬
ward. To-day the actual rates for prime bankers’ sterling are
4 81(9)4 81M for sixty days’ bills and 4 83/4(9)4 83% for demand.
Cable transfers are 4 84(9)4 84%
The following were the rates of domestic
Fork at the undermentioned cities to-day:
•

exchange

on

New

Savannah, buying

selling
A off ; Charleston, buying %@7-16 discount,
selling par; New Orleans, commercial $1 discount, bank par;
St. Louis, 1-10 discount; Chicago, 75@80 discount; Boston, 40@
45c. discount.

Quotations for foreign exchange are as follows :
4
4
4
5

bills on London.

Prime bankers’ sterling
Prime commercial

Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort (reichmarks).
Bremen

Demand.

Sixty Days.

Sept. 24.

(reichmarks)

82
80%
80

81
8b
79

2»4
2)4
2)4
27%2>5
39%@
93%®
93% ®

24%

39%
94
94

The following are quotations in gold for various
Silver %s and %s. —
Sovereigns
$4 83 ^$4 86
Napoleons

3 83

XX Reichmarks.
X Guilders

4 73
3 96

Mex. Doubloons.. 15
Fine silver bars
1
Fine gold bars.
Dimes & % dimes. —
..

3 86
4 76

2)
2)
2)

4 00
2>15 75
2)15 60

Span’hDoubloons.15 60

50
12%2) 1 13%
par2) % prern.
99 %® par.

Five francs

Mexican dollars..
Do uncommerc’l.

English silver

....

Prus. silv. thalers.
Trade dollars

New silver dollars

4 83%®4
4 82%2>4
4 81%2>4
5 25 2>5

84%
83
82%
21%

39%2>
94%®
94%®

94%
94%

coins:

—

99 %®
92 2)

—

88

—

4
—
—

—

40

87
70
67

®
®
2
®

par.
95

—

89
88
4 80
— 69
—

—

99%® — 99
99% Spar. %

The following table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
Balances.

Receipts.

Payments.

$
2,195,019
1,195,549
1,043,064
730,454
1,739.831
1,752,328

Sept. 18...
“

20...
21...
22...
23...
24...

“
“

“

“

Total
Boston

banks for
1880.

June 7..
“
“

July

Aug.

Sept

•

,

14..
21..
28..
5..
12..
19..
26..
2..
9..
16..
23..
30..
6..
13..
20..

50
96
80

Gold.

$
1,084.710 83
2,099,691 63

2,176,618 72

83
94

827,425 09
2,034,565 45
1,165,752 87

8,761,249 74

9,388,764 64

71

Banks.—The
a

following
L. Tenders.
$

Loans.
$

Specie.

141,831,900
141.1.79.800

6,202,800
6.203.200

140.837.600
141.880.400
113.799.100
144.541.600
145.258.100
145.518.200
145,795,500
140.955.800
148,056,800
147.343.400
146,027,900
147.259.200
146,749,709
146,074,800

6.115.900

Other than

$

6,07.8,800
6,308,000
5.830.900
6.256.400
6.617.900
6.365.200
6.178.400
6,349,000
5,901,100
6,002,000
6,281,800
6.871,600
7,032,309

2.717.200
3,368,300
3,693,700
3.978.200
4.131.900
4,377.800
4,121.000
4.124.200
4,093,500
3.547,100

-

3.182.900
2.991.900
3.128,600
2.915.200
2,962,500
2,843,500

are as

‘
“

July
“
“

Aug
•

‘

‘
‘

•

‘

33
81

5,759,422
5,457,593
5,393,207
5,367,113
5,356.321
5,955,744

40
33
14
28

47
06

the totals of the Boston

Deposits.* Circulation. A<jj. Clear.
$

54.125.300
54.175.300
53.873.800
53.878.800
53.701.800
53.650.100
54.727.500

55.220.800
54,579,400
54,020,300
55.688.100
56,002,600
55,228,200
55.495.300
56,089,500
56,342,909

J>

31.144.800
31.172.400

56,670,704
53,567,387

30.689.200
30.664.600

53,650,062

30.730.500
30.573.400
30.497.400
30.514.600

30.344.200
29,640.100
30.498.200
30.378.300
30,514,900
30.508.500
30.539.800
30.468.300

54,323,137
65,016,453
53.228,399

58,347,774
56,346,126
50,882,884
62.616,237

58,477,792
58,143,858
48,801,889
53,202,766
54,247,417
55,287,976

Government and banks, less Clearing-House checks.

Philadelphia banks

Loans.

L. Tenders.

Deposits.

Circulation.

$

$

*

*

67,023 233

17,857.324

57,672.635

07,333,982
67,512.597
67,003.400

18,359,302
18,193,787
19.120,748

57.074,977
57,479,261
53,074,381

5.

67,873,399

19,679.612

59,331,205

12
19
20

2
9..
10

30
Sent. B
13
20

56

79,995,005 00
79,982,158 56

14
21
28

23

21

follows:

1880.
June 7
“

$

$

are

series of weeks past:

Currency.

81,916,279
81,313,966
30,249,793
80.223,946

Philadelphia Banks.—The totals of the

.

St. Paul &S. City.. 2d

1880.

$237,263 $3,266,097 $1,9.30,680
42,131
960,788
831,479
23,391
1,431,000
222,040 8,116,177 5,556,670

Bonds.—There has been very little ac¬

*

...

r-Jan. 1 to latest date

68,022.417
07.736,302
67,444,957

67.591,981

68,359.368
09,148,060
69,591,147
69,967,170

70,214,008
70,563,370
70,782,054

20,088,500
20.573.774
20,911,011

21.237,201

20,606.346
20,210,899
19,625,220
19,755.665

19,352.411

20,070,935

21,300,239

59,019,666
60,634,603
60,112,851

60.2*8,773

00,351,479
60,880,934
60,653,997
61,109,090

61,532.113

03,010,452
04,083.179

12,087.533

12,035.896
12,093.024
12.219.634

Agj. Clear.

47.734,704

38.537.916
42,948,135
41,410,603

12,208,661

40,852,023

’12,181.931
12 189.649
12.199.H80
12,154,016
12,122,670
12,138,642
12,161.925
12.1 4.778
12,178,215
12,209,230

45,720.122
39.159.731
38.304.701
33,405.504

12,203.979

34,054.641
39,509.202
43.801,308

30,11)1,306

36.143.128
36,873,478
4 4,444,519

CHRONICLE.

THE

324

AID8

following statement shows
the condition of the Associated Banks of New York City for the
week ending at the commencement of business on Sept. 18, 1380;
New YorJk City

Bankcs,—The

Capital:

Banks.

Loans and
discounts.

N6w York
Manhattan Co...
Merchants
Mechanics’.
Union
America
Phoenix

City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’* Drov.
Mechanics’ & T*r.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce

Broadway

Mercantile
Pacific

Republic
Chatham

People’s
America..

North

Hanover

Irvin*
Metropolitan
Citizens’
Nassau

.'.

Market
St. Nicholas

Shoe & Leather..
Corn Exchunge..
Continental
Oriental
Marine

2,000,000
2,050,000

9.620.600
6.650.800

2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000

4.637.800
9.598.100
3,. 30,000
9.521.600

7.991.600
7,393.000

1.328,400
2,155.800

1,000,000

4,108.000
1.458.800
1,024,000
1,023.900

1,000,000
300,000
200;000
200,000

151,000
20.500

535.300

2.997,000
874.900

600,000
300,000
800,000
5/(00,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
450,000
412,500
700,000
1,000,000

139.500
571.300

3.705.300
15,423.^00
15.730.100
5.723.300
3.949.800
2.521.900
4.976.000

3,237.000
3,730.500

1.483.100
2.305.300
7.967.500
2,997,0oo
500,000
3,000.000 13,419.000
1.924.300
600,000.
2.344.700
1,000,000
2.662.100
500,000

295,800
122.600
572.500

2.273.200

443,900

3.327.500
3.874.400

771.700
363.600

1.411.900

300.000

5,762.000
1.688.500

400,000

3.368.000

1,043.000

N. York County..'
Germ’n Americ’n
Chase National..
Fifth Avenue....

135.700

1.411.300

5.385.700

3.670.300
149.400

890.800

244,800

1,077.000
972,300

180.000
2,700

2.424.400

480,090

791.500
2.966.100
12.442,000
11,242,200
4.670.700

36.800
585.000
450,000

1.271,200
900.000
189,000

45,000

5,400

8cb7ooo
423,000

71.000

12,104.000

45.900

227.500
88.200

1,992,000
2,144,000
2.310.400
1,964.3,(0
3,415.000
2.563.800
6,030,501'

269,2u0

11,200

3.660.300

682,000
777.000

2,457,000

479.000

1.181.100
3.253.900

396.200

2.873.300
200.400

104.000
8t '9.000
388.400
65,200
252.800

27.000

16.800
S67..000

622.600
271.200

450,000
4.000

780,30)

1.569.900
4.066,000
20.230.000
532.500

180,000
1.100,100
540,000
158,300

1,040,200
713,100

224.800

23,137.300

85,100
239,000
213.700
190.800

3.990

429.700
450,0/0

17,076.600
10.031,000
2,755,000
5.341.700
15,822.700
10,763 000
1.127.000
1,213,000
1.439.900
2.140.700

100.400

810,000

1,487,000
45,000
90,000
450.000
809.000
270 OOU

223,1 H)

180,LOO

3 832.50;

154.800

1.393.700

60,475,2(X 314,123.300 66.517,300 13,517,700 298,928,7.x, 19,341,500

Total

The deviations from returns of previous week are as follows :
Loans and discounts
Inc.
$407,300 | Net deposits
Inc . $578,200
Specie

177,000 I Circulation
430,500 i

Inc.
Dec.

Legal tenders

The following are the totals for a series of
Loans.
$

1880.
Feb.
7.. .290,381,600
“
14.. .290,445,200
“

Specie.
52.994.600

54.746.500
.290,091,200 59,087,200
.293,545.600 57.413.300
.297,135,500 58,055,000
.297,256,900 57.927.900
.294,4''7,400 55.440.100
.290,866,700 54.773.800
April 3 . .290,639,500 53.669.300
10.. .286,470.900 52,023.600
“
17.. .284,250,800 50,050.800
“
24.. .278,866,200 48.983.600

21..
•*
28..
Mar.
6...
“
13..
“
20..
“
27..

.

May
“

1.. .280,436,300
.

8.. .281,137,700
15.. ,.278,574,200
“
22.. .272,250,800
“
29... .273,216,400
June 5.. .276,056,000
“
12
.279,265,700
“
19.. .286 075,100
“
26... .28-5.905,100
“

..

July
**

“
“
“

Aug.
“
“

“

Sept.
“

3... .291,784.300
10...
17...
24..
31..

.293,428,500
.292.109,500
.294,517,800
.297,779,300
7.. .304,765,800

14... .806.491,S00
21.. .310,606,300
28.. .3ln,73",100

L. Tenders.

.8 L4.123,500

264.404.200
267.128.100
271,601,000
271,012,800
271,483,400
270,381,000
204.538.200
260.340.500
259.306.800
256.207.800
253.519.800
248.896.700
252.572.200
258,323,000
201,075,900
253.325.700
202,702,000
266,839,000
271.628.500
278.146.700
277.770.800
20,684,600 283,078,300
19,024,800 290.714.700
20.915.400 292.238.500
20.351.200 291,270,000

Circulation.
$

16.437.900

21,083,200

16,((80,000
15.505.500
14,168,000
12.130.400
11.652.400
11.555.100
11.272.500
10.847.500
11.935.900
13,866,000
15.432.100
17,014,000
17.257.100
19.229.300
21.609.500
22.547.400
21.934.800
22.221.300
22,064,300
21.715.800

21.599.600
21,282,200
21,174,000
21,002,100
20.967.100

20.975.800

Clear.
*

720.978.130
683.453,357
795,314.114
725,419,855
895,014,025
827.801.840
748.481,804
644,453.967
771,019,670

20.995.200
20,981,000
20.987.900 810,774,898
20,843,000 849,817.403
20,012,800 720.947.840
20.640.200 697.435.051
49.406.500
53.391.500
20.572.900 790.3S6.569
20.498.400 807,032,049
50, *78.000
56.831.900
20,304,000 759,515.331
59.271.700
20.238.100 795.990,673
61,109.000
20,059,900 639.330.131
03,192,700
19.682.500 737,534,533
64,450.000
19.694.900 010,148.241
65.210.100
19,620,000 607,558,981
66.163.600
19,572,000 711.472,517
70.822.100
19.525.800 452.751,881
70.615.500
19,488,700 500.48 5.032
69.058,900
19.403.500 025,916,274
63.037,700 20.631.300 291.300.500 19.477.600 580,540,682
68.706.600 17.115.900 297,024,200 19.430.400 044,309,967
63.330.900 16.312,000 298,691,600 19,381,000 551,5*23,441
60.717.500 15.254.200 298.615.100 19.428.100 480,785,189
65.413.800 15.335.500 290,422,900 19,390,"00 522,899,382
60.517.300

14.541.400

297.186.800

13.948.200

293.350.500

13,517,700

293.928.700

19,342,300 603,877,203
19.353.600 625,050,183
19.344.500 023,375,655

POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES
Bid. Ask.

SECURITIES.

BOSTON.
Atcb. & Tcpeka 1st m.7s
119
do
land grant 7a
do
2d 7s

110%

do
land Inc. 3s..
Boston & Maine 7s
122

107J*

Boston &

.

...

Fitchburg Rli., 6s

do
7s
Fort Scott. & Gulf 7s
Hartford & Erie 7s.

108

3"^ 38fc

City Top. & Nv7s, 1st

do

do

117

Ask.

1...'.

iiV%
•

•

•

•

.

112%

•

....

•

City Lawrence & So. 4s... 95
KaB.City.8t. Jo.&C. B. is.
114% 115
.

Little R’k & Ft. Smith, 78,1st
New York & New Eng. ?b....
Qgdgngburg & Lak» < .b.

Atchison & Topeka
Boston & Albany
Boston & Lowell
Boston & Maine
Boston & Providence
Cheshire preferred. ...:
Chic. Clinton Dub. & Min....
Cin. Sandusky & Clev
Concord
Connecticut River
Conn. & PasButnpBic
.
Eastern (Mass.)
Eastern (New Hampshire)...
....

y-4 1-4
r-4 tO

o o X?

....

....

I

loi%

no% uo%

119

Old Colony...
• •
Portland 8aco & Portsmouth 103
120
Fullma . Palace Car
20
Rutland, preferred
122
Vermont & Massachusetts..
Worcester & Nashua

89%
135
55

....

*

14
90

14%
91

147%
09

71
28 H

28%

Fort Scott & Gulf, pref..
107%
do
common.
K.C. Law. & Southertj.Ex.R 89%
Little Rock & Fort Smith
Manchester & Lawrence,... 157
Nashua & Lowell
110

23%
75
109
121

26%
59

STATE AND CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp.
5s, cur., reg ...
do
5s, reg., 1582-1332. .... 102V*
do
do
53, new, reg., 1892-190'- 114& 115
68,10-15, reg., 1*74do
100
do
6s, 15-25, reg., 1882do
6s, In. Plane, reg.,

82.
92
18<9

- -

do
bs, old, reg....
do 6s,n.,rg.,priorto’9o
125
do 6s,n.,rg.,1895&over
do 4s, various

Allegheny

County 5s, coup...

Allegheny City 7s, reg.
Pittsburg
do
io
do

4s,coup., 1913.....
5s, reg. & cp., 1913.
6s,gold.reg... ...

7s,w’t’rln,rg.&cp.

119

7s, str.imp.. reg.,’33-86.
N. Jersey 6s, reg.and coup...

108

exempt, rg. & coup.
125
130

RAILROAD STOCKS.t
Camden & Atlantic.......• •••
ao

-

pref

do

pref

do
do

new pref
Delaware & Bound Brook....
East Pennsylvania.....
Elmira & Williamsport.......

do
pref..
Mt.Joy& Lancaster.
Huntingdon & Broad Top
do
do pref.

do
Har P.

Lehigh Valley.

25
32
10
40

Catawlssa.....

44%
33
51

10
52
47
50
52

Schuylkill....,

Pennsylvania.......
15
Philadelphia & Erie.
14%
Pniladelphla & Read.ng
160*,
Philadelphia & Trenton
00
Phila.Wllmlug. & Baltimore.
Pittsburg Titusv. & Bull.....
do
Pref. 32
Paul & Duluth R.R.
do
do

7
11

52%
47%
50

48

Com

pref.

Companies. ...
Chester consol, pref....

United N. J.

15%
14%
162

30
35
65

170

STOCKS.

32

33*

33%

Lehigh Navigation
MorriB..'.

50

pref
Pennsylvania
Schuylkill Navtgatlon.......
do
pref...
Susquehanna

6%

RAILROAD BONDS.

3-10s, 1898...
'is, E. ext.,1910

inc. 7s, end., ’94.
Belvidere Dela. 1st m., 6b,1902.
2dm. 6s.’85..
do

Sdm. 6s,’37..

do

Camden & Amboy

6s,coup,’83

6b, coup., ’89
mort. 68, ’89
Cam. * Atl. 1st in. 7s. g., 1^93
do
2d m. cur. 78, ic79..
Cam. & Burlington Co. 68/97.
Catawlssa 1st,7s, conv., 82...
do
chat, m., 10s, ’88 ..
do
new 7s 1900
Connecting 6s, 1900-1904......
Chartiers Val., iBtm. <s,C.,l90,
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s, 1905
East Penn. 1st mort. 7s, ’88 ..
E1.& W’msport, 1st in., 7s, ’SO.
do
do

Imp.

en. in.

132
.

•

•

54
90
53

...

•

•

71
65

35

Phil.*ii.Coal*Iron deb.7s.92

do
deb. 7s. epa.oC
do mort., 7a, 1892-3
108
Phila. Wilm. * Balt. 6s, ’84
Pltts.Cln.&St. L. 7s, cou., 1900 119
do
do
7s, reg., 19iH 119

40

Shamokin V.& Pottsv.7s, 1901 112%
Steubenv. & Ind. 1st, 6s, 1884. 103%

Stony Creek 1st m.7s 1907...
83
Suab. Haz. * W.,lst m.,5s,’23
Sunbury & Erie 1st m. 7s, ’97.. 114

^yra.Gen.* Corn’, ,1st,;&,1(>06

Texas & Pac. 1st m ,6s, g.,1905
do
cons. m.,6s,g.,1905
ao
lnc.&l. gr ,7s 1915
Union & Titusv. 1st m. 7s, ’90.
United N. J. cons. m. 6s, ’94..
Warren & F. 1st m.7s, ’96
West Chester conB. 7s, ’91
West Jersey 6s, deb.,coup./83
do
1st m. 6s, cp.,’96.
do
lstm. 78,’99
do
cons. 6s, 1903
Western Penn. Rli. 6s,<:p/.899
do
6s P.B./96.

123
106
32
110
104
100
104
110
110

122
LO0

109
112
111

Chesap. & Dela. 1st 6s, rg./86
Delaware Division 6s, cp./78.
Lehigh Naviga. in., 6s, reg.,’84
do
mort. RR., rg .’97

84
84

107%
93%
70

87
115
103

121%
100
110
112
106

105%
80
90

iio%

109

103
107

do m. coav. g., r*-g./94
108
do mort. gold, ’97—
do cons. m.7s, rg ,191! 105% 107
140
Morris, boat loan, reg., 1885..

Pennsylvania 68,coup., 1910..

Schuylk. Nav.lst ra.fis.rg.,’97.
do
2d m. 6s. reg., 1307
do 6s, boar&car,rg.,13l3
do 7s, boat&car.rg.,l9i5
Susquehanna 6s, coup.. '.9i8 .*

Maryland 6s, defenRe, J.& J...
ao

6s, exempt, lb87

do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, iSSI. quarterly.
do
6s,;886, J.&J
do
6s, 1899, quarterly...
do
6s, park, 1390,%.—M.
do
6s, 1893, M.&S
do
6s,exempt,’38,M.&S.
do
0s, 1900, Q—J
do
6s, 1902, J. & J
do
5s, 19.6, new
RAILROAD STOCKS.

90

9S%
70%

71
75

75

107
110
107
95
107
110
110
115
115
110
120
120
120
121

116%
117
117

120

Par.

174
100 166
Balt. & Ohio
117
co
1st pref ..
113%
do
2d prtf...
do
Wash. Branch. 100 150
do
Parkersb’g Br..50
Northern Central
/. .. .50 36% 37
8
10
Western Maryland
50 45
45%
Central Ohio
50
5

N. W. Va. 3d m.,guar.,’85,J&J
Pittsb.& Connelisv.7s/98,J&J
Northern Central 6s, ’85, j&J
do
6s, 1900, A.&O.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st m.,’90,M.& S.
W. Md. 6s, 1st in.,gr.,’90,J.&J.
do
1st m., 890, J. & J....
do
2d m.,guar., J.&J....
do
2d m., pref
do 2d m.,gr. by W.Co.J&J
do 6s, 3d in., guar., J.& J.
Mar. & Cin. 7s, ’92, F. & A...
do
2d, M.&N
do
8s, 3d, J.&J
Union RR. 1st, guar., J. & J..

105
110

108%
115
112
110
115
110
115
104
110
115

110
110
120
109
117

112

i*05

132%
114% 115%
79

79%

41%

42

110

Camon endorsed. 110
CINCINNATI/

do

Cincinnati 6s, long
do
7s
7-30s
do
do
South.
do
do
Hamilton Co., O.,

t

109
T 115

f

125

RR. 7*30s.t 126% 127
106}*
6s, gold.f 114
115
112
6s. long...+ 107
118
115
ao
7s, 1 to 5 yr8..t 105
108
do
7 & 7*30s, long.1 120
109% 109% Cin.& Cov. Bridge st’k, pref. 150
106
Cin. Ham. & D. con8.6s, 19 5 + 105
do
58,perp.... ... 85
78,1905 + 110
do
113
Harrisburg 1st rnorL 6s ’83... 108
110
2dm. 7s,’85 t 104
do
H. & B. T. 1st m. 7s, gold, ’90.
100
Cin. Ham. & Ind., 7s, guar. .+ 105
do
lstm. Ts, fd. g.’89
108
Cin.
&
1st
m. 7s
+ 105
Indiana
do
7s,
gold,'95.
2d m.
105%
2dm. 7s,’n..+ 103
do
‘
104
2d m. f i.ecrlp g.,7e
do
03
Colum. & Xenia, 1st m. 7s. ’90 +107
do
3dm. cons. 7s, ’95*.
Dayton & Mlclu lBt in. 7s, *8H 101% io2
Ithaca* Athens 1st g d, 7s.,’SO 103%
104% 101%
2am. 78/84.+ 105
do
Junction 1st inort. 6s, ’82
do
3d m. 7s, ’884 103
do
2d mort. 6s, 1900 ...
118
Dayton & West. 1st m., ’61. ..1
Lehigh Valley, 1st,6s, cp., 1898
do
1st m., 1905.+
do reg., 1893... 118%
do
do
1st m.6s, 1905 tl04 105
do 2d m. 7s, reg., 1910.. 128
114
con. m., 6s,rg.,1923
do
ind. Cin. & Laf. 1st m. 7S....+ 103
105
do
do
68,c p.,19*3 114%
do
(I.&C.) 1st in.7s,’88+ 105
108
Little
103
Miami
104
*83
+
6s,
Little Schuylkill, 1st m.7s,’82
95
Cin. Ham. & Dayton stock...
94
North. Penn. 1st m. 6s, cp./85. 106
Columbus & Xenia stock
do
2d m. 7s, cp., ’96. 110
135
115
114
do gen. m. 7s, cp., 1903.
Dayton & Michigan stock.... *50
5J%
115
do
8. p.c. st’k.guar 129
do gen. m. 7s, reg., 1908
130
i02%
Little
Miami stock
131
Oil Creek 1st m. 7s, coup.,’8*.
132
plttsb. Titusv. & B., 7s, cp./96 7o
LOUISVILLE.
121
do
Scrip
100
Louisville 7s.
114%
Pa.&N.Y.C.A RR.7s,!89(5.... 120
106
do
+ 104
6s,’82 to ’87
122% 123
do
1906
106
do
6s,’97 to ’98
+ 104
Pennsylv., 1st m., 6s, cp., ’80.. 101% 101%
104
100
water 6s/87 to ’89 +
do
do
gen.-m. 6s, cp., 1910. 120
104
100
water
stock
6s/97.+
122
do
do
gen. m. 68, rg., 1910.
100
wharf 6s
1 104
do
cons. m. 6s, rg., 1905. 117
do
100
do
spec’l tax 6s of ’89| 104
do
cons.m. 6s, cp., 1905. U7%
water 6s, Co. 1907 + 107% 108
do
105%
do
Navy Yard 6s, rg/31
500
100%
do
53
107%
Penn. Co 6s. reg
101
80
Jeff. M.&I.lstm. (I&M) 7b/81+ 100
Perkiomen 1st m. 6a,coup.,’91
107%
do
2dm., 7s
1
Phila. & Erie 1st m. 6s, cp.,’8t, 101
do
1st m.,78,1906—+ 114%
114
do
2d m. 78,cp./98.
Louisv. C.& Lex. 1st m.7s/97f 115*4 116
Phi'a. Newt’n & JS.Y., 1st m.
Loulg.& Fr’k.,Loul8V.ln,6s/8:
Phila. & Read. 1st m. 6s, ’43-’44 110
Louisv. & Nashville—
do
do
’48-.4J 110
Leb. Br. 6s ’86
+ 1045* 105%
do
2dm.,7s, cp.,9(. 117
1st m. Leb. Br. Ex. 7s/80-85.+ 104% 105%
32
do
deben., cp., ’'.!8’ 28
Lou.In.
do
6s,’93...+ 105 105%
40
do
do
cpsofc.
106
Jefferson Mad. & Ind. stock. 103
• •

«

• •*

.....

,

*
•

64
34

m.

33% Pittsburg & Connellsvllle..50
RAILROAD BONDS.
33%
Balt. & Ohio 6s, 1885,A.&0-.. 109

do

do
do

»

do

Norfolk water, 8s

!5%

West
West Jersey

Allegheny Val., 7

70%

6-«, (903 . ..
6i g., 1837...
no conv. 7s, 1398*
do
7s, coup, off, ’98

co

BALTIMORE.

102}*

Norristown...
....
North Pennsylvania

St.

45

99%

..

Nesquehonlng Valley

35
Phil. & Read, scrip, 1832
do
In. m.7s, cp,1896 52
115
do cons. m. 7s, cp.,1911..
do cons. m. 7s, rg.,1911.. U5%
do con8.in.6s.g.i.l911. . 107% 107%

CANAL BONDS.

Camden County 6s, coup
Camden City 6s, coupon.,,,..
do
7s, reg. & coup.
Delaware 6a, coupon
Harrisburg City 6s, coupon..

Little

112
125
120
104
105

'90

do

do

Ask.

..

PHILADELPHIA.

Philadelphia, 5s reg.

Bid.

SECURITIES.

....

F9%
133
142

Fitchburg

7s, Inc..

K.




Old Colony, 7s
Old Colony, 6s
Omaha & 8. Western, 8s
Pueblo & Ark. Valley, 7s
Rutland 6s,1st mort
Vermont <e Canada, new 8s..
Vermont & Mass. HR., 6s
8TOCK8.

Albany 7s

.....

Kan.

Bid.

SECURITIES.

124

do
6s
Bostoh & Lowell 7s
do
6b
Boston & Providence 7s
Burl. & Mo., land grant 7s..
115
do
Nebr. 68
Ex 10&K 110
do
Nebr. 6s
;o4
rjiv;
Conn. & Passumpeic, 7r, 189i. in
98
99
Eastern, Mass., 4»s, new.

100
140
Norwich & Worcester.
23
Ogdensb. & L. Champlain ... 74
do
pref..

CANAL

Deposits.

37

England...
Hampshire

Chesapeake & Delaware
Delaware Division

weeks past:

$

4.. .311,942,600 65.434.700
.313,716,200 60.340.300

is!!!

9,100

Dec.

Bid. Ask.

SECURITIES.

1,125,000

1.440.70U
2.195.100
7.832.900
3,006,100

930,600
17.548.200
9,344,000
4.902.900
14.815.500
9,350,000
1.416.400
1.491.500
1.329.800
2.376.700
3.595.600
1.353.800

646.000
701.700

3.803.800
2.432.700
2.6^2.600
3.791.300

166.800

2,309,000

799,400

2.572.600
1.293.300

41.400
118.000

888.600

1.100

267,000

13,310.800
3,771 400

94.800
64,000
114.200
110.000
157.800
310.100
133.000
432.100
797.700

39.300

20,9x5,200
17,244,000

250,000
200, (XX)
750,000
300,000
100,000

51.000
80,000
52.900

6.507.900
4.135.600
7.733.900
3,381,000
10,402,000
2.463.700

206.500
155.400
199.800
558.800
247.500

1.382.900
656.700
3.339.000

500,000
1,000,000
1,000,0(10

Bowery National

536,000
28.500

514,7.X)
44,500

190,7(5(1

112.800

500,000

Mech. Bkg. Ass’n'
500,000
North River
j 240,000
River
East
;.
i
250,000
Fourth National. 3,200,000
Central Nat.
2,000,000
Second Nation’l.
300,000
Ninth National..
750,000
First National..
500,000
Third National.. 1,000,000
N. Y. Nat. Exch..
300,000

400

7,314,000

164,900
165.800

676.400
135.700

3.508.100

Importers’ & Tr..i 1,500,006
Park
! 2,000,000

5,057.400

430.400
522.400

652.300
797.300
366.400
494,000

$
495,000

418.400

286.9)0
487.500
128.700
65.500
229,000
224.100
186,300
65.300
96.900
270.000

287.700

tion.

I
8,940.000

316.200

2.880.300
562.200
369.000
4.265.100
617.400
720.600

Circula¬

f
196,000
208,600

757,000

3.430.500
1.800.400
12,403,000
4.213.800

1,000,000
600,000
300,000

Tenders.

t
1,855,000
998.800
1.711.100
1,314,000

*

$

Net dept's
other
than U. S.

Legal

Specie.

Etc.-Uoutiuued.

PHILIBELF till,

PON,

New York & New
Northern of New

Average amount of

[Vol. XXXL

In default,

t Per share.

+ And Interest.

• •

€T. 8. Bonds ahd active

QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Railroad Stocks are quoted on a previous page. Prices represent the per cent value,

SECURITIES.

Bid.

Alabama—Class A, 2 to 5 ...
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss.

68

7s, Memp. A L. Rock RR .
7s, L. RP.B.4 N. O. RR.
7s, Miss. O. A R. R. RR...
7s, Arkansas Central RR.
Connecticut—6s
Georgia—6s
7a, new
7s, endorsed
7s, gold
Louisiana—7s, consolidated
Michigan—6s, 1883
7s, I860

Missouri—6s, due 1882 or
6s, due 1886
70*
6s, due 1887

70

6s,
6s,

109
109
49

107
§44
63

Harlem
Ind Bloom.

A Western
Intern’l A Gt. Northern...,
Keokuk A Des Moines

Louisv. N. Alb.

A Chicago..

64

§30%

§86%
120
67
•

•

124
70
>

200 "

§28%
.

.

§10

Metropolitan Elevated

f

,

t

....

Pitts. Ft. W. A Chic., guar.
do
do
spec’l.
Pitts. Titusville A Buffalo..
Rensselaer A Saratoga.....
Rome Watertown A Ogd...

171

169

•

5 24%
122

•

do

Wells, Fargo A Co

110

American Union Telegraph
Boston Land Company
Boston Water Power........
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining....
Central N. J.Land Imp
Climax Mining

566%

49

49%

....

ist Pa. div.,

52
ft

^

-f

t

§34**
30

10

*

,

§33*

r

....

12%
%
%

•

•

•

.

•

•

•

•

Railroad Bonds.
113

*38%
.93%
*

•

105

....

....

12

Sinking fund

Joliet A Chicago, 1st m...
Louis’a A Mo., 1st m., guar
do
2d 7s, 1900.
8t. L. Jack. A Chic., 1st m.

Miss.Riv.Bridge,lst,s. f,6s
Chic. Bur. A Q.—8 p.c., 1st m
Consol, mort., 7s
5s, sinking fund ,
Chic. Rk. I.A P.—6s, cp.,1917
6s, 1917, registered
Keok.A Des M., 1st, g., 5s.
Central of N. J—1st m., ’90.
let consolidated
do

assented.

Convertible
do
assented
assent’d
Am. Dock A Impr. bonds,
do
assented

Chic.Mil. A St.P.—lst.Ss.P.D
2d mort., 7 3-10, P.D.,1898

7s. % g’ld,R.D.,1902

Prices nominal,




•

-

•

121*%

113
....

....

iii"
....

•

108“

111% H2%
106
130

.

.

!

h

Ohio Cent., 1st m., 6s, 1920
Peoria Dec. A E’ville, 1st 6i j
Evansv. div.,1st 6s, 1920.
Pacific Railroads—

•

•

•

.

m.,’84 *106%

112%

107
113

116

7s, 1917 *118%
It

reg.,

120
120

*100%

*

t

*

r

....

iii%

—

120

*

RAILROADS.
Atch.AP.P'k—7s,gld
Bost. AN..Y Air-L—1st rn.
Chic. A Can. So.—1st m.,g.,7s
Chic. A E. Ill.—S. F.c’y 1907
Income bonds
Chic. St.P.A M’polis—1st, 6s
Land grant Income, 6s
Chic. A Southwest.—7s, guar
Cin. Lafayette A Ch.—1st m
Cin. A Spr.—1st, C.C.C.AI.,7s

-

T

T

Hl%
....

•

•

1st m., g’d L. S. A M. S., 7s.
Denver Pac.—lst,7s,ld. gr.a?
Erie A Pittsburg—1st m., 7s
Con. mortgage, 7s

•

.

....

*108%

100%
1005s
119

7s, equipment

Evansv. A Crawfordsv.
Flint A Pere M.—8s, I’d

•

•

116%
116%

•

‘

*104%

....

136
126

98%

*90

*....
.

118
104

Consol, conv.,

8

Marietta A Cin.—1st mort..
1st mort., sterling

112

90

98%

.

•

102
59

•

2d

68
99

97
110

Stock

....

leorgia RR.—7s

103% 104%
103% 104

6s
Stock

41

Ireenville A Col.—7s,

*102%
107% 109

....

•

100

*100

1919.

Stock

1900, registered

105

104%
INCOME BONDS.

81

Central of N. J.—1908

*79%

92
110
.

.

106%

..

8s...
Certificate, 2d mort., 8s...
Norfolk A Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage,

8s

82

....

45
102

95

105%

iii**

107
100

....

.

...

108%

....

114
90
101
104
90
104
102
85

....

104
107

108
....

105

89
20
S5
115
110

85
85
50
105
65
27

95
60
110
70
31

18
110

.

.

.

.

105
110
110

,7s, ’86.

Stock
Stock

65

67

77% 77%
70

100
100
116
113
116
42

20

92

....

66%

.

.

.

•

107
111
96
105
97

41%
95
95
112
90
115
103
100
103
103

102%

110
113
98

106%
99
43
.

.

A

102
114
100
118
104
107

107
....

100

+99
37
105
106
127
108
109
114
103
102
110
127
117

100
38
107
110
132
112
111
117
.

.

.

,

....

106% 108
-Conv

44

45” 49"

these are latest quotation* made this week*
4

1st mortgage, 8s, B..
1. Q. A Jacks.—1st m„

107*' 112“

65%

59%

..

lississippi Cent — *.st m. «s
2d mort., 8s
liss. A Tenn.—1st m., Ss, A

....

118
110
116

1st i

7s, guar
Macon A Aug.—2d, endoi
Mem phis A Cha’ston—1st,7s
2d. 7s

104
107
106

107% lio
112
*....

7s

mortgage, 7s

Stock
East Tenn. A Georgia—6s..
E.Tenn.A Va.—6s,end.Tenn
E. Tenn. Va. A Ga.—1st, 7s.

•

•

65

Cent. Iowa coup, debt

Mo.K.A T.—Cons.ass.,1904-6
2d mortgage, tnc., 1911.

Stock
Iharl’te Col.A A.—Cons.,

....

Clarinda b.,6s,

105

100
106
35
100
90

RAILROADS.

136
135

133
133

A Tol.

£8

90%

Ala. AChat.— Rec’rs ctf s.var
Atlantic A Gulf—Consol—
lent. Georgia—Cons, m., 7s

....

•

85%

20

Virginia coupons
do
consol, coupons.

113%

•

62%

Southern Securities.

113

102

103%
92
125
117

.

^

109% TTI

105%
111
101
103
91
110

*

*112

•

101% 101%

*

104%
106%
103% 105

112%

7s...

*

*

*

59

STATES.
97%
92% So.Carolina—Con., 6s (good)
95
New imp’t cons
Texas—6s, 1892
M.AS. ++104
111
112
7s, gold, 1892-1910 .. J.A J. +
110
7s, gold, 1904
J.A J. 115
64%
41%
Virginia—New 10-40s
117
Past-dxie Coupons.—
105

106

T.AWab.,lst ext.7s,.
1st St. L. div.7s,ex mat.cp.

*

50"

....

*11$’‘

St. L. Alton AT. H.—Is
2d mortgage, pref....
income.
do

76

71

(Brokers1 Quotations.)

*92%

1st mort..

*35

Income,“A ”

....

.

49%
*37

do
“B”
N.Y.AGreenw. L.—1st, s, n.
2d
do
New Jersey So.—1st, 6s, new
St. Joseph A Pacific—1st m
2d mortgage
St. Jo. A Western stock
St.L. VandaliaA T.H.—1st m
2d mortgage, guar
South Side (L. 1.)—1st mort
Union A Logansport—7s....
U. Pac.—South Branch —

con.

108

Cecilian Branch, 7s
N.O. A Mob.,1st6s. 1930..
Nashv. A Decatur, 1st, 7s.
L. Erie A West.—1st 6s, 1919

*

M

....

121
120

f

r

69%
50
40

2d mortgage.
do
Midland of N. J.—1st, new.

115

4th mort.

C., 1st con

2d mortgage
Arkansas Br.,

....

Long Island—1st mortgage.

123

117% 119
119
117

-

t

2d mortgage
Indianap.A vine.—lst,7s,gr
Kansas A Nebraska—1st m.
2d mort

130

118%

124
124

*

..

-7s.
gr’t

Indianapolis A St.L.—1st, 7s

....

Pennsylvania RR—

110

t

tt

..

Consolidated 8s
Stock
Galv. Hous.A H.—7s, gld.’Tl
Gr’nd R.AInd.—lst,7s,l.g.gu
1st, 7s. Id. gr., not guar...
1st, ex. 1. gr.,7s

1st m., 6s, ’95, with cp.ct: *
*118%
1st m.. 6s,’96,
do
110
110%
Den. Div. 6s ass. cp.ctf.
06% 969*
1st consol. (
do
107
1079*
Pacific RR. of Mo.—1st n
109%
2d mortgage
Income. 7s
1st m., Carondelet Br.
94*' 97%
St.L. A S.F.,2d 6s.class A
78
78
do
3-6s, class C
78% 79
do
S-6s. class B !
*102
do lst6s,Peirce,C
102
do Equipm’t 7s,
103% 104
South Pac. cf Mo.—1st m
101
’exas A Pac.—1st, 6s, 1
92%
Consol. 6s. 1905
65
82
81

12i"

.

^

(Brokers' Quotations.)

-t

117

2d

8

99%

98%
98%

Miscellaneous List.

T

....

*119

do
cons. coup.. 1st
do
cons, rqg., 1st.,
do
cons, coup., 2d.
do
cons. reg.. 2d .
Louisv. A Nash.—Cons.m.,7s
2d mort./?s, gold
....

t No price to-day;

“

....

*1U5%

Collateral Trust, 6s....
Kansas Pac.—

do
L Chic,
do
do 1st
do 2d
do 1st

60

...

|(t

*105%

grants, 7s
Sinking fund
Registered, 8s

106% 106%
106%

Ind., s. f., 7s. 111
Cleve. A Tol., sink. fund.. *109%
109
do
new bonds.
116
Cleve. P’ville A Ash., 7s
Buffalo A Erie, new bds...
Buffalo A State Line, 7s..
Kal’zoo A W. Pigeon, 1st.
Det.Mon.A T., 1st, 7s.’1906 117
Lake Shore Div. bonds... 120%

t And accrued interest,

T

T

107%

III*
119

T

♦

lie

107

115

•

117
117
119

103
02

.

Cal. A Oregon, 1st..
State Aid bonds....
Land grant bonds..

.

1*

*

Land

131%
115%

■

106
106

registered

3d
do
4th % do
N.Y.LakeE.AW.Inc. 6s.l977
N.O. Mob. ATex.deb.se.,1930
Ohio Central—Inc., 1920
Peoria Dec A E’^ii’e—Incs.
Evansv. div. Inc. 1920
St.L.I.M. AS.—1st 7s,prf .int.
2d int., 6s. accum’lative ..

....

1st, 7s

32

80

....

*116

110

118'

T

67%

04*i

H2%

.

100

.

31
25
26
26
90
59
26

MobileA O.—1st pref. deben
2d pref. debentures

131%

94%
129

certs.
lio
108
Metropolit’n Elev—lst,1906 102% 103% C.St.P.A M’s L. Gr.,In.6s,’9£
2d 6s. 1899.... *89%
do
Chic.A East’n Ill., Inc.,1907.
93% 94% Mich. Cent.—Cons., 7s, 1902 =124%
Ind’s Bl. A W’n-Inc., 1919..
109%
1st mort., 8s, 1882, s. f...
*110%
ind’s Dec. A Sp’d, 2d Inc...
Equipment bonds
131
130
6s, 1909
1
....

tft

j 130

Consolidated
2d consolidated

107%
102% 105
106
106%

3

47

Laf. Bl.A Mun.—Inc. 7.1899

106

100

98%

122%
99% 99 H
116% 117% Laf. Bl.AMun.—1st 6s. 1919
•

107%

do

*

•

•

....

Adjustment, 1903
Lehigh A W. B., con., g’d..

1st m.,

•

*112
100

109%
124%

6s, 1887

*118% 121

Lake Shore—
Mich S. A N.

112
106

106%

104
115

U0%

....

121

t

110

.

109

103%!

103%

.

....

•

Income

6s
7s

3
Nevada Central—1st m, 6s
1
Ohio A Miss.—Consol, s

114
*122

|

113

109

1st m.,

109% 110

1924.

Registered
Funding 5s, 1899

*

2d Waco A N., 8s
99
Inc. and ind’y, 7s
Ill.Cent.—Dub. ASioux C.lst
*108
Dub. A Sioux C., 2d div...
2d mort., 6s, 1909
108%
Cedar F. A Minn., 1st m..
114
Tol.Peo. AW.—
Ind. Bl’m A W.—1st, pref. 7s
75
Pur. Com. rec’pts, 1st,I
76%
1st mort., 7s, 1900
64
1st mortgage, W. D....
64%
2d mort., 1909
Burlington Div
Ind’s Decatur A Sp’d 1st 7s 103%
103
103%
94% Int. A Gt. North. 1st 6s,gld.

1899
Chesap.A O.—Pur. ih’y fund *106%
68% 69%
6s, gold, series B, int. def.
38
38%
6s, currency, int. deferred
Chicago A Alton—1st mort.

103'

3%

7%

6s, deferred
D. of Columbia— 3‘65s,

129

120% 124"
N.Y.L.E.AW.,n.2d,con.,6s *88% 88%
do 1st, con., f, cp.,7s
*83% 84
do 2d,con.,f.cp.,5s,6s
1079* 108%
Han. A St. Jos.—8s, conv...
107% lo7^
Hous. A Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s.. *105%
106
1st mort., Waco A N., 7s.
113
2d C., Main line, 8s
105

105
t

..

120%

6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
6s, consol., 2d series

Ask.

AND BONDS.

*119

±107% 103

6s, new, 1866

do

.

110%

41

Virgina—6s, old

6s, real estate
6s, subscription
N. Y. C. AHud., 1st m

do

115

South Carolina—
6s, Act Mar. 23, 1869.)
Non-fundablo
j • **
Tennessee—6s, old
new
6s,
6s, new series

110

,

*119%

Long Dock bonds
Buff. N.Y.A E, 1st m., 1916

19

N.Y.AStraitsvilleCoalAIron
§3i"
Ontario Silver Mining
Oregon Railway A Nav. Co. §138%
Pennsylvania Coal
Pullman Palace Car
§12i"
10
Quicksilver
do
pref
Bilver Cliff Mining
52%
Standara Cons. Gold Mining 529

coup.,

1910

do
1st m
Huds. R.,7s, 2dm., s.
Canada South., 1st, int. g

"

3d mortgage, 7s, 1883
4th mortgage, 7s, 1880
5th mortgage, 7s. 1888
1st cons, gold 7s, 1920

....

11

Central Iowa, 1st m.7s,

109'

1st con., guar 115
do
*128
Rens.A Saratoga, 1st,coup
1st, reg.
do
107%
Denv. A R. Grande—1st,1900
98%
do
1st cons. 7s, 1910
*125%
Erie—1st mort., extended..
2d mortg., ext’n 5s. 1919.

Montauk Gas Coal

Stock Exchange Prices.
Balt. A O.—1st 6s,Prk.b.l919
Boat. H. A Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Minn.A St. L., 1st, 7s, guar
Iowa City A West’n,lst 7s

111

7s. 1917 .
*113'
Albany A Susqueh., 1st m
2d mort. *110
do
do

....

§13
§7

93*
102
113
112
112

106'

extended.
Coup., 7s,’94
Reg. 7s, ’94.

do
do
do

....

class 2

Mo. Kan. A T.—Contir
H. A Cent. Mo., 1st.,
Mobile A Ohio—New m.,
Nash. Chat. A St. L.—1st
N. Y. Central—6s, 1883

114%

Rhode Island—6s,coup.’93- 9

3
3
3
77
76
103

Ohio—6s, 1881
6s, 1886

126

2dm....

Del. A Hud.Canal—1st
1st mortgage, 1891

111

§2
5 6%

116

*116
8yr. Bit gh. A N. Y.,
129
Morris A Essex, 1st m
do
2d mort... 113
do
bonds, 1900
do
construct’n
do
7s of 1871. 115
do
1st con.,g’d.. 114

American Coal

Maryland Coal

f’d.

1st m.

7s, convertible
Mortgage 7s. 1907

117
60

116
59

...

Bid.

2%

Special tax, class 1

•

do

*102%

Ch.St.P.A Min.,1st 6-0918
N.Wisc.. 1st M., 6s., 1930..
St. P.A Sioux C.lst 6s,1919
Del. Lack. A W.— 2d mort

Miscellaneous St’ks.

Deadwood Mining
Excelsior Mining
Gold A Stock Telegraph....
Homestake Mining
La Plata Mining
Leadville Mining
Little Pittsburg Mining ...
Mariposa L’d A Mining Co..
do
pref.
do

1909

1st con. 7s.....
C. St. P. Minn.A O’aCons.Gs.

....

•

i860

New bonds, J. A J
do
A.A O
Chatham RR

♦ »

•

110
110
90
00
11
11
19
19

1868

do

„

Ind’s—1st, 7s, s. f.
111%
Consol, mortgage
*105
C. St.L.A N. O.- Ten. lien 7s

....

Warren

Adams Express
American Express
United States Express

v

•

•

113

C. C. C. A

....

§32%

St. Paul A Duluth
do
do
pref.
■§129"
Stonington
Terre Haute A Indianapolis
Texas A Pacific
.do trust certif.
do
Toledo Peoria A Warsaw..
United N. J. RR. A Canal ..

Colorado Coal A Iron
Consolidation Coal of Md..
Cumberland Coal A Iron....

7s7i.A D.Ext.,1908

Chic. A Mil., 1st
Winona A St. P.,

•

•

Funding act,

114% 115%

registered.
Iowa Midland, 1st m., 8s.
Galena A Chicago, exten.
Peninsula, 1st m., conv...

93%
109% 111%

.

*100

do

91%

N. Y. Elevaied
N. Y. New Haven A Hartf.
N. Y. Ontario A West.,pref.
Peoria Decatur A Evansv..

•

115
*115
117

Coupon gold bonds
Registered gold bonds...
Sinking fund

•

.

114* 115%

1st mortgage

C

§26%

Memphis A Charleston

•

•

39

,

„

.

.

La C. I)iv., 1893..

Chic. A Northw.—Sink.
Int. bonds
Consol, bonds
Extension bonds

•

.

,

*

90
1st 5s, LaC. A Dav., 1919.
1st So. Minn. div. 6s, 1910.
1st m.. H. AD.. 7s, 1910...
Chic. A Pac. div., 6s,1910.. *111

....

.

,

MISCELLANEOUS STOCKS

AND

3.-west div., 1st 6s,

....

^

31
81

m.,
m.,

1st m.,

-

Consol. 4s,
Small

I. A M\ 1897
I. A D., 1899
m., C. A M., 1903
Con. sinking fund, 1905.
2d mortgage, 1884

111%

-

T

1891
1892

do
do

m..

•

v

Ch.Mil.A St.P.—Continued.
1st
ist
ist
1st

-

N. Carolina.—Continued.. .
No. Car. RR., J. A J
do
A.A O
do
coup, off, J. A J.
do
coup, off, A.AO.

•

•

do
1893
North Carolina—6s, old.JAJ
6s, old, A.A O

104
115

....

^

6s,

m%
47 H

Albany & Susquehanna
Boston A N. Y. Air L., pref
Burl. Cedar Rapids A No...
Cedar Falls & Minnesota...
Central Iowa
do
1st pref
do
2d pref
Chicago A Alton, pref
Cin. Ind. St. L. & Chic
Clev. & Pittsburg, guar...,
Dubuque & Sioux City
Frankfort A Kokomo

Long Island

108
108
109
110
111
106
107

Funding, 1894-95
Hannibal A St. Jo., 1886..
do
do
1887..
New York—6s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883

103*

Railroad Stocks.
(Active previously quoted.)

pref.

107%

6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.

RAILROAD

do

103

’83

SECURITIES.

Ask.

Bid.

SECURITIES.

Ask.

Bid.

SECURITIES.

Ask.

whatever the par may be.

BONDS.

STATE

do

325

.THE CHRONICLE.

1880.J

'

'Sbptember 25,

7s, 1902, non-enjo” ted ....
Non-mortg. bonds
West Ala.—1st mor .,8s....
2d mort., 8s, guar

107

100
105
12
75
36
113
113

99%

-

-

♦

110
15
85
40
114
114
101

I No quotation tods j; latest sale this week.

tt

*

©

THE CHRONICLE.

326

LOCAL

NEW YORK

Capital.

Mark’d thus (*)
are notNat’L

P

Amount

md

Insurance Stock List.
[Quotations by K. S. Bailey. Broker,7Pme Street.]

Peios.

I 1YIDKND8

Surplus
QO

SECURITIES.

Stock List.

Bank
Companies.

iQlfCOt

dates.§

Period 1878. 1879.

Net

Bid. Ask.

Last Paid.

Capital.

Companies.
8
LOO 3,000,000 1,649.300 ). A J.
7k
America*
6
6
Am. Exchange. 100 5,000,000 1.445,090 M.&N.
10
100
250,000 202,000 i. A J. 11
Bowery
16
25 1,000,000 1,272.500 I. A J.
16
Broadway
6
92.700 J. A J.
Butchers’A Dr. 25 300,000
100 2,000,000
7
7
434.800 J. A J.
Central
3
100
800,000
74,100
Chase
6
25
6
450,000
Chatham
189,800 J. & J.
ICO
100
800,000 3,881 100 Rl-m’ly 100
Chemical
6
25
600,000
6
Citizens’
176.400 J. A J.
100 1.000,000 1,488/'0c M.AN.
10
10
City
8
100 5,000,000 2,904.100 1. A J.
8
Commerce
2u2.400 J. A J.
Continental.... 100 1,000,000
3k
JO
Corn Exch’ge*. 100 1,000,000
922,500 F. AA. io
25
250,000
70.300 1. A J.
East River .....
3k
100,000
11th Ward*.... 25
16,".0o 1. A J
100
0
150,000
6
43,800 T. A J.
Fifth
100,000 226.100
Fifth Avenue*. 100
100
120
12
500,000 2.184,700 Q-J.
First
100 3.200.000 1.061,300 1. A J.
6
6
Fourth
30
7
600,000
M.AN.
10
379.800
Fulton
50 1.000.000
7
754,000 A.A O.
7k
Gallatin
81 300 f.&A.
2k
German Am.* 75 750,000
5
5
60,80: i
200,000
German Exch.* 100
May.
100
3
200,000
67,200
Germania*
25
6
6
17 10il M.AN.
200,000
Greenwich*.
100 1,000,000
7
7
Hanover
289,0* ;o 1. A J.
14
Imp. A Traders’ 100 1.500,00*1 2,069,200 J. A J. 14
50
8
153.8 K) T. A J.
8
500,00*)
Irving
3
Island City*... 50 100,000
7,500 J. A J.
8
100
11
600.000
441.800
/.
J.
Leather Manuf.
A
7
Manhattan*
8
50 2,050,000 1,105.800 F. A A
3
Marine
100
400,000 127.800 [ A J
7
Market
500,000
295.000 J. A J.
100
7k
8
8
Mechanics’..... 25 2,000,000 1,032.100 J. A J.
2
4
Mech. Assoc’n
50
500,000
76,400 M.AN.
Mech’ics A Tr. 25
41,800
200,000
2k
6
3
Mercantile
188,100 M.AN.
100 1,000.000
7
Merchants’.
50 2,000,000
740,500 J. A J.
6k
Merchants’ Ex. 50 1,000,000
178.100 I. A J
5k
7
100
300,000
41,9()0 1. A J
Metropolis*.
9
10
Metropolitan
100 3,000,000 1,251,200 1. A J
12
77,8:0 J. A J. 12
Murray Hill*.. 100 100,000
5
5
Nassau*
100 1,000,000
60,700 M.AN
7
8
New Ycr»
100 2,000,000
802.100 I. A J.
8
8
N. Y.County.. 100
200,000
47,300 1. A J.
88 500 F. A A.
8
N. Y. N. Exch. 100
300,000
7k
5
Ninth
100
750,000
149.7U0 J. A J.
No. America*.. 70
700,000
166.900 1. A J.
North River*.
SO
7
«H.6( 0 J. A J.
240,000
10
Oriental*
8
25
300,000
183.100 1. A J.
10
10
Pacific*
50
422,700 221,500 Q— F.
6
Park
6
531.300 J. A J.
100 2,000,000
7
130.400 I. A J.
8
People’s*
25
412,500
6
Phenix
3
20 1.000,000
218,600 J. A J.
Produce*.
50
119,6< 0
6
100 1,500,000
Republic
714,900 F.AA.
6k
St. Nicholas... 100
3
#*
500,000 135 600
t

.

.

•

*

•

....

•

....

T

,

*

A

.

„

*

.

.

A

•

.

..

....

.

..

,

.

,

,

.

.

....

.

.

.

.

....

Seventh vVard. 100
300,000
Seoond
300 000
100
Shoe A Leather 100
500,000
81xth
100
200,000
State of N. Y.. 100
800,000
Third
100 1.coo ,000

Tradesmen’s... 40 1,000,900
Union
50 1,200,000
West Side*.... 100
200,000
s

58,800 J. A J.
123 500 J A J
173.200 j! A J.'
40,300 J. A J

273,500

M.A.N.

192,000 J. A J.
279 100 J. A J.
711,i00 M.AN.
124,900 J. A J.

3
9
10
6
7
3

...

g
8
6
7
•

7
8
12

7k
10
8

3k
5
8
3k 212

+ 50
American
American Excfc 100
25
Bowery

117

-

Broadway
Brooklyn

Juiy, '80. 3
Sei»t. ’80.15
July, ’80. 3k 107

89.10

Citizens’.

115

80

viav. *80. 3
Mav. ’80. 3
Ju v. ’80. 8k

*

’80. 3

July, ’«0. 5
Aug., ’SO. 3k
Ju v ’80. 3*

...

74

Tuiy.VO 3k

128

July, ’80. 3
juiv. ’so. 3k
Juiy, ’SO. 5

i 00k

151

Juiy,’80. 3
’80. 3

May.

ii5

July, ’80. 4

’80. 4

juiy,

’80. 3k

A o z.

’80. 8^

v,

107

July, ’80. 3

July, '74. 3k
128
Aug., ’SO. 4

Juiy, kO. 3k

109

July. ’8:. 3

ft
•

•

•

•

*

*

*

’80. 4
July,’80 3
lu y,

May, ’SO. 3k 113

Juiy, ’80. 3k
July, ’80. 3k
Xl y. ’80. 5
Ju.y, ’80. 6

Republic

Amount. Period.
[

Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
do
bonds

25
20

...

Manhattan

Metropolitan

do
certificates
Mutual, N. Y

M.AN.

V-r.
100

bonds

1,000

Nassau, Brooklyn

25
Va
100
10

scrip......

.

New York
People’s (Brooklyn)
Bonds
Bonds
Central Oi Mew York

1,000

bonds

Metropolitan, Brooklyn
Municipal.
do
bonis
Fulton Mod! cl pal

Quar.

F.A A.
Var
M.AN.
M.AN.
•/. A J.
375,000 M.AN.

Var.
50
50

Williamsburg
do

125,000
466,000
1,000,000
1,000 1,000,000
100 1,000,000
100 1,500,000

50
20
50
100

Jersey City * Hoboken

do

Var.
Var.
A. A U.
F.AA.
J. A J.
I. A J.
M.A 8.
M.AS.

1,C00

Harlem

do

2,000,000
1,200,000
315,000
1,850.000
750,000
4,000,000
2,500,000
1,000,000
5,000,000
1,000,000
1,000,000
700,000
4,000,000
1,000,000

F.A A.

Quar,
A.A O.
M.AN.

750 000 M.AN.

'ioo fl ,509,000

Rate.

...

Date.

....

*

May, ’80 no
2k Aug., ’80 61
1898

100

Feb.

150,000

200,000

1,000^000

1,000,000
200,000

200j)00

200,000

150,000
500,000
200,000

3,000^000

Tsoiooo
500,000
200,000

200^000

200j010

150'000
280’00G
150.000

200,000
150,000
390,000
300,000
200,000
250,000
200,000

150,000
200,000
200,000
200,000
200’000

200;000
2io;ooo

’78

t

72k

200^000

64
105
77
160
185
135
104
75
104
50
05
107
35
100
85
63
70
104
62

7k July, ’So 150
8
Jui.e, >0 180
5
Aug., *80 133
3k Aug., ’80 100
Ik Ju y. ’eO 70
1882
109
2k Feb., "FO 45
3k May, ’80 90
4
June, ’80 105
3k Jho., ’76 34
4
1897
05
6
1900
75
3
Ju y, ’80 50
ik July. ’80 65
6
1000
101
2k July, ’80 60
5
Sept., ’80 X 170 175
8
1888
105
110
05
75
1
.

Brooklyn City—Stock
1st mortgage..^

Broadway (Brooklyn)—Stock
Brooklyn A Hunter’s Pt.—St’k
..

000,000
1,000
694,000
100 2,100,000
1,000 1,500,000
10 2,000,000

1,000
100
100

I>ry Dock E.B.A Batt’ry—Stock
1st mortgage, consolidated

..

Eighth Avenue—Stock

1st mortgage
42d St. A Grand St. Ferry—St’k
1st mortgage
Central Cross Town—Stock
1st mortgage

Houst.WestSt.A Pav.F’y -St’k
1st mortgage
Second Avenue—Stock
3d mortgage
Consol, convertible
Extension

Sixth Avenue—Stock
1st mortgage
Third A venue—Stock
1st mortgage

1,000

100
500Ac
100

1,000
100

1,000
100

1,000
100
500
100

.

Q-J.
J. AD.

q-f.

300,000' M.AN.
200,000 Q-J.

400,000
300.0(H)
100
500,000
100 1,800,000
Central Pk. N. A E. wiv.—Stock
Consolidated mort. bonds
1,000 1,200,000
100
Christopher A Tenth St.—Stock
650,0C0
Bonds
1,000
250,000

1st mortgage bonds
Bushwick Av. (B’klyn)—Stock.

J. A J.
J A J.

1,200,000

A. AO.
I. A J
J. A J.

Q-J.
J. AD.
F.AA
J. A J.

Q-F-

900,000 J. AD.

1,000,000 Q-J.
203,000 J. A J.
748,000 M.AN.
236,000 A.AO.

*

H July, >0 IS
7
J’ly,1900! 98
2
7

Ju y, ’FO 100

7
3
2
7

Nov., ’80,102

July, ’84 103
3k Aug., ’80 100
July, ’80 140
Apr., ’80 95
1888
102k

2k July, ’80 00
2
luly, ’SO 100
105
7
Dec. 1902! 108k 112
75
2k Aug., ’80 70
7
3
7
3
7
6
7

1898

100

Aug., ’80 119
June, ’93 110
July ’80 160
Jau.. ’84 100
May, ’80 165
Apr., ’93 110

600 000

266,066

M.AN.

250,000
500,0001J. A J.
1,190,500 J. AJ.
1,000
150,000 A.AO.
1.000 1,050,000 M.AN.
;OOAc.
200,000 M.A 8.
J00
750,000 M.AN.
1,000
500,000 J. A J.
........

21
102
105
105
170
110
150
100
105
100

7

NOV.1904
....

.

.

f

7
July, ’94
2k July, ’80
7
Apr ’85
7
May, ’88
,

7
Sept..’83
5
May. ’77
7
July, ’90
5
Aug.,'60
7
July, *90
4
Aug.,’90
7 * May, ’93

25
100
25
100
62
100
99
97 k
125
110
160
104
115
105

110
125
115
175
no
175
115
30
105

Last Paid.

Bid.

200,000
200 000

1

25

25
50
100
Star
100
Sterling
25
Stuvvesant
Tradesmen’s.... 25
United States.. 25
Westchester... 10
50
WilllamshV C

150,000
200,000
000,000
200,000
300,000
200,000
200,900
200,000
500,000
200,000
200,000
300,000
250,000
300,000
250,000

17k
18
5

4

July. ’80.10

July, ’80.10
Aug., *80. 5

.

150,228
74,418
11,179
292,229
197,196

7,817
115,730
67,097
12,480
243,251
30,208
198,563
140,812
211,480
166,213
36,101
174,024

103,656
168,505
102,509

318,877
120.H20
19,669
112,83!
409,086
95,537

201,388
98,114
452,3^7
34,660
23,118
196,294
—6,040
170.301

10
10

12
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20

5
10

10

8k

10
20

5
16

10
10
16
10
12
10
20
20
10
16
12
20
10
20
14
17
N’ne
N’ne
10
11
12
10
11
30
20
32
20
20
20
12
18
15
20
10
10
5
10
20
20
0
10
12*35 6-23

135,014 17k
35,182 10
143,3S2 16
94,865 20
221,374 16

122,964 110

437,314 20

12k

10
14
10
12
10
20

120
100
195
190
185
195
120

....

....

,

195

10
20
5
14
10
10
13
5
12
10
20
20
10
13
10
20
10
15

Julv, ’80

July, ’80.
Ju:y, ’80.
Mar., ’80

July,
Jau..
Ju y.

’HO.
’79.
’80.
’80.

Jul>,
Juiy, ’SO.
July, ’80.
July, ’SO.
July,
July,
July,
Juy,

’80.
’80.
’80.
80.
Juiy, ’80.

12

Ju y, ’80.

July, ’SO.
Ju y. '80,
July, ’80.

Juiy,

’80

Aug., ’80.

5
5
4
5
0
5
5
5
4
5
4
6
5
6
7
5
5
5
7
5
5
0

....

5
12
8
20
12

July, ’80. 3k
Ju.v, ’80. 7

Apl
’80. 4
■<uly. ’80. '0
Ju y. ’80. 6
Juiy. >0. 8
[20
12
Jul ^ ’80. 5
10
’80. 5
10
Juiy ’80. 5
8k July ’80. 3k
20
Ju y’ ’80. 10
10
Fe * ’80, 3
0-73 July, ’80. 5-23
12
July, ’80. 5
8k Aug, ’80. 3k
10,
Ju y, ’80 5
10
July, ’80. 5
11
July, ’80. 5
10
Aug., ’80. 5
20
l.july. ’80. 10
,

J.u]y,

55

97
L80
195
95
100
120
95
100
105
145
140
110
250

....

•

•

•

•

100
105
100
120
.

.

145
115

60

130
160
80
130
50
100
97
60
130
170
55

.

.

.

125
140
60
105

July. ’80. 5

July, ’77. 5
July, ’80. 4

25
12*50 1340 13-65 July, ’80.6-92
20
596,418 20
15
Apr., ’80. 7k
14
10
10
July, ’80. 3k
72,970
10
10
91,889 15
Aug., ’80. 5
137.2C0 15
15
15
July, 80. 7k
10
70,602 12
8k July, ’SO. 3k
11
11
73,739 12
July, *80. 5
7
144,427
July, ’80. 6
10
10
926,950 10
July, ’80. 5
22
14
807,368 30
July, ’80. 5
10
10
July. ’80. 5
124,467 20
30
30
350,187 40
July, ’80. 7k
r7
7
23,833 10
July. ’80. 3
July, ’80. 5
132,682 20
12k
17k
10
20
July, ’80. 5
730,285 10
10
43,714 10
,10
luly. ’80. 5
10
10
July, *80. 5
1,366.888 10
10
Jan.,
2,244 10
’79.
3k

570,973

350;000

20
20

July. ’80.

July. '80. 5
Juue, ’80.10
Aug., ’80. 8

10
20
20
18
20
20
20
20
10-72 10
12
11
N’ne
18
io

70
135

170
90
134

,

•

•

•

•

ioo
70
141
....

•

•

•

120
105
90
120
83
140
105
155

110
97

80
112
75
130
100
145
150
75
120
115
155
100
150

....
...

127k
160
109
163

105

120

50
60
155
110
205
108
180
105
120
75

60
66
160
....
...

114
185
113
125
80
75

70
155
50
125
105
70
115
100
129

200

•

.

60
130
110

80
....

....

1?5
110

\....

•
Over all liabilities, including re-insurance, capital and scrip.
+ Surplus includes scrip.
Minus sign (—) inaicates impairment.

City Securities.
LQnotations by Daniel A. Moban, Broker, 27 Pine Street.]
INTEBR8T.

v

Bonds

Ratef
NtV>

York:

Water stock
Croton waterstock.
do
do
.

1841-68.
.1845-51.

.1852-60.

Croton Aqued’ct stock. 1865

pipes and mains...
reservoir bonds....
Central Paik bonds. .1853-57
do
ao
..1853-65
Dock bonds
~ .1870
do
1-75
Market stock
1865-68
Improvement stock.... 1869
do
go
18t9
Consolidated bonds
var
Street imp. stock
var
do
1o

do

do

var

New Consolidated..
Westchester County

5
5
6
6
7
6
5
6
7
6
7
6
7
6 g.
6
7
8 g.
7

Months

Feb., May Aug.A Nov

due.

1880

do
do
do

do
do
do

1890

do

do

1895
1901

1883-1890
1884-1911
May A November, • 1884-1900
Feb.,May, Aug.A Nov. 1907-1911
1898
do
do

May A November.
May A November.
do
do
do
do
do

do
do
do

do
do

January A July.
do

do

Quarterly.
May & November.

5

Consolidate!
Assesment

Payable

5

1898
1894-1897
1889
1890
1901
1888
1882
1896
1894
1920
1884

Pbtor.
Bid. Ask.
100
100
104
106
112
118
108
115
125
115
127
107
115
122
107
102
115
122
107
102

101
107

109
120
125
120
109
116
126
116

128
108
116
123

108
105
116

12S
109

106

[Quotations by N. T. Beebb, Jr., Broker, 1 New St.]
a

Brooklyn—Local im ir’eiu’i—
City

Bonds

do
Park bonds
Water loan

bonds

Bridge bonds....
Water loan

City bonds
Kings Co. bonds..

0
6
6

do

do

7
7
7
7
7
6
6
7

Park bonds
Bridge

January A July,
do
Jo
do
do
do

do
do
do
do
etc
do

do
Mav A November.
do

4

do

January a July.
do

do

1880-1883' 102k
16o3-1691
1915-1924
1000-1924
1904-1912
1886-1902
1881-1890
1880-18H3
1880-1885
1924

107
132

128
129
100

102
106
114

119
1907-1910 ,116

108
118
135
130
131
118
116
111
116
121

119

•AllBrooklyn bonds flat.

105
65

[Quotations by C. Zabbiskie, 47 Montgomery St., Jersey City.]

102k

1102
100
115

100 2,000,000 Q-F.
175
1,000 2,000,000 J. A J.
106
100
Twenty-third Street—Stock
600,000 F.AA.
125
1st mortgage.
1.000
250,000 M.AN.
112
* This column
shows last dividend on gtocke, but the date of maturity of bonds




421.286 20
310,948 20

218,712
487,598
171,757
103,725
2,860
83,872
1,159,661

10k

14
10
20

509,510 15
70,593 10

.300,000
500,000

....

100

1877 1878. 1879.

200,000

112

[Quotations by H. L. Gbant, Broker. 145 Broadway.]
Bleecker St. & Fult. Ferry—St’k
1st mortgage
Broadway A Seventh av.-St’k
1st mortgage

1880.*

11.882

.

Bid. Ask
C

5

7
3

200,000
204,000

50
100

Rutgers’
St. Nicholas
Standard

12,1880, for the State banks.

Par.

50

Phenix
Relief

Gat and City Railroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss. Broker, 19 Broad Street.]
Gab Companies.

200,010

8

'89. 4
123
July, ’80. 3k
July.

’HO

40
Eagle
Empire City.... 100
30
Exchange
50
Farragut
17
Firemen’s
10
Firemen’s Tr..
100
Frankliri&Enip
German-Amer. 100
50
Germania
50
Globe
25
Greenwich
Guardian
100
15
Hamilton
Hanover
50
Hoffman
50
Home
100
25
Hope
Howard
50
Importers’* T.. 50
100
Irving
Jefferson
* 30
Rings Co.(Bkn) 20
Knickerbocker 40
Lalayette(Bkn) 50
100
Lamar.. .*
25
Lenox
Longlsl.'Bkn, t 50
25
Loriilard
Manuf.A Build. 100
Manhattan
100
Mech.ATrad’rs
25
Mech’ics’(Bku) 50
Mercantile..
50
Merchants’
50
Moutauk (Bkn) 50
Nassau (Bklyn) 50
National
37k
N. Y. Equitable 35
New York Fire 100
N. Y. A Boston 100
New York City 100
50
Niagara
North River.... 25
25
Pacitic
Park
100
Peter Cooper... 20
50
People’s

200,000
1,000,000
300,000
200,000

.

inly, ’SO. 3
July, ’80. 3k
Juy, ’SO. 4
Aug., '80. 2k

.Tulv

210,000
250,000
300,000

.

July. ’80.
May, ’80. 2k
Juiy, ’79. 2k
May. ’79. 3

ju

J**

138

4*
4

jGly -go!

153,000
300,000

...

.

July, ’SO. 7
July, ’80. 4

...1

200i000

;.. 100
Clinton
Columbia
30
Commercial
50
Continental., t 100

July. ’80. 3k
Aug. ’80. 5
July, 'SO. 3k
July ’76. 3
Juiy, 'SO. 3
July, *80 5
July, *80. 3k iiiMay, 80. 3k
A Pi
'80. 4
Aug., ’80. 2k 78
May. ’80. 5

400,000
200,000
300,000

25
17
20
70

City

1.44*

July, ’80. 4

Ju y

Amount

Price.

3k 120

J ulv, ’80. 4
-ept. ’80. 3

M y,

Dividends.

Surplus,
Juy 1,

c

Par.

•July, ’80.
May, ’80.
July, ’80.
Julv, ’89.
Ju y, ’80.

mengures m tnis column are or date June 11, iss*j, ror the National

and of date June

|Voi. mi.

Jersey City—
Watei

loan,long..

do

1809-71

Improvement bonds

Bergen bonds

1868-69.

7
7
7

January A July.
January A Juiy.
J. A J. and J A D.

January and July.

1895
1869-1902
1801-94
1000

103
111

1C2
110
105

106

L04

105

September

THE CHRONICLE.

25, 1880.]

Liabilities.

Juuestmcwts
AND

STATE, CITX AND CORPORATION FINANCES.
The Investors’ Supplement contains

a complete exhibit
of the
of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.

Funded Debt

The following is an index to all reports and items heretofore pub¬
lished in the investment Department of the Chronicle since the last

issue of the Investors’ Supplement; annual reports are indexed in
black-faced type:

1874-6095.

258, 306
303

Atlantic-Miss. & Ohio

258

City Finances
303
Burlington Cedar Rap. & N— 223
Boston

258
228
259

Canada Southern.
Central Construction Co
Central Iowa
Chic. Burl. A

Quincy.228, 239 259
218

Chicago & Northwest

228
216
231
303

Chic. R. I. & Pac
Chicasro St. Louis A N. O
Cbic. St. P. M. & Omaha
Chic. & Western Indiana
Cm.

Indianap. St. L. A Chic... 259
259

Cleve. Mt. Vernon &Del
Connecticut APaseumpsic

303

Delaware & Hud. Canal RR’s. 259
Del. Lack. & West....216, 229 304
304
District of Columbia

Elevated RR’s in N. Y. City...
Flint & Pere Marquette *.228,
Frankfort & Kokomo
Galv. Harrisb. & San Antonio.
Galv. H. & Hend. 259,281,293,
Grand Trunk of Canada
Great West’n of Canada
Greenville & Columbia
Hannibal & St. Joseph
228,
—

Lake and Canal Rates in Aug.
Lake Shore A Michigan So
Little Rock & Fort Smith
Louisiana Western

304

305
229
305

305
229
248

259

259
305
259
305
259

ANNUAL

Louisville Cin. & Lexington ...
Louisville A Nashv
216,

259
306

Manhattan Elevated
Marietta A Cincinnati

248
229

Mariposa Mining Co

248

Metropolitan Elevated
Missouri Towa A Nebraska
New York

City Finances

....

N. Y. A New England
N. Y. Ontario A Western
N. Y. Wocdhaven A Rock
Northern Pacific

282
229
230

Ohio A Miss

282

St. Louis Iron Mount. A So
248
St. Louis A Southeastern
248
St. P. Minueap. A Man
248, 281
Savannah A Charleston
230
South Carolina RR
306
Southern Pacific
248
Tennessee State Coupons
Texas Pacific
Trunk Line Freights..

230

Union Pacific

230

297
248

Wab. St. L. AP«c...216, 229,
230, 239, 259, 304
Wash. City Va. Midi. A G. 8
306
Western Union Telegraph.283, 306

REPORTS.

Company.

:

Revenue.

$2,051,299

$636,777
139,134

upholstery and bedding (l’sed lines incl’ded)

of operating expenses and maintenance of
upholstery and bedding in cars of other Sleeping Car As¬
sociations controlled and operated by this company

179,136

$955,047

Rental of leased lines
Interest on bonds

264,000
$168,979
472,876—

capital stock

Surplus for tbe year—being excess of revenue over
ordinary disbursements
$774,565
Balance of account for rebuilding and remodeling cars
into latest standard Pullman cars
Balance of surplus for the year carried to
account

641,855

$1,860,902

33,623

credit of income
740,942

past a comparative exhibit of the receipts,
profits, and surplus applicable to dividends, shows as
Interest,

$2,558,647

$983,346

2,555,011
2,570,639
2,160,830

990,210
985,072
878,578
958.465
955,047

2,196,734

2,635,468

Profits.
rentals, Ac.
$1,575,301 $550,357
1,564,801
1,585,567
1,282,252
1,238,269
1,680,421

FINANCIAL STATEMENT JULY

472 cars and equipments,
Detroit Car Works, cost

514,269

493,579
451,866
429,890
432,479

including franchises, cost

Furniture and fixtures in the several offices of the company,
52 in number, cost
Real estate, Chicago, cost
Amount invested iu other Car Associations controlled and

operated by this company
Construction material aud operating supplies, including
amouut paid on carsiu process of construction
Balance of current accounts
hand and in bank




1,050,532
1,091,988
830,386
808,379

1,247,442

31, 1880.

Patents, United States and foreign, cost

on

Surplus.
$1,024,944

Assets.

Chicago Car Works, in course of construction, including
300 acres of land—expended to date

Cash

..

18,608
29,868—

83,163— 4,395,109

following accounts—

Guarantee fund account

$15,728

Depreciation

account (formerly sinking fund
account) to provide for possible depreciation in
value of franchises and patents

800,000
3,579,380

Income account

$4,395,109
$13,280,313

GENERAL INVESTMENT

NEWS.

American Union
company

Telegraph Company.—The stock of this
to the amount of $10*000,000, in shares of $100 each,

has been admitted to the New

York Stock Exchange. The
organized May 15,1879, and the statement sub¬
Exchange Committee contains the following :
The bonds of the company are a series of 5,000, of the par
value of $1,000 each, in all $5,000,000, bearing interest at the
rate of 6 per cent per annum, payable January 1 and July 1.
The date of issue is July 1,1880. The date of maturity is July 1,
1905. * * The lines of the company reach the most important
towns and cities of the United States and Canada, and, together
with the lines covered by working contracts and leases, will
form a system of 75,000 miles of wire, of which about 55,000 miles
are now in operation, and the balance is being rapidly con¬
structed. The company has an exclusive connection with the
company was
mitted to the
“

French Atlantic cables. In addition to its lease of the
lines of the Dominion Telegraph Company of Canada, 5,766
shares of the capital stock of that company are owned
new

by the American Union Telegraph Company.
The com¬
pany also controls valuable patents that are essential to the
rapid and efficient handling of its business. The Farmers’
Loan & Trust Company has been appointed register of the

stock.”
The officers of the company are : President, General Thomas
T. Eckert; Frst Vice-President, Mr. D. H. Bates ; Second Vice-

President, Mr. Thomas Swinyard; Treasurer, Mr. G. P. Morosini; Secretary, Mr. Thomas F. Clark, and General Superin¬
tendent of Construction, Mr. D. Doren. Following are the

directors: Messrs. Jay Gould, Sidney Dillon, W. E. Connor,
Robert Garrett, Levi L. Leiter, Thomas Swinyard, Nathaniel

Niles, Russell Sage, J. J. Slocum, Frederick L. Ames, Thomas
T. Eckert, T. Gordon Dexter and D. H. Bates.
Anthracite Coal

$S,588,614
364,408
230,125
184,383
63,655
22,001

2,440,621
718,879
385,176
' 282,386

$13,280,313

Tonnage.—The statement of the anthracite
for the eight months

coal tonnage for the month of August and
of the year to August 31, is given below:

Eight months.

August.

,

,

1879.

1880.

Phil. A Read. RR.

677,075

470,222

4,774,550

3,494,882 1,279,668

Lehigh Valley....

346,572

368,929

2,758,494

2,610,546

359,477
272,307

277,027
280,247
183,578

2,414,487
2,408.342
1,914,643

2,020,051
2,118,728
1,608,838

Pennsylvania RR.

161,821

204,937

1,089,824

1,100,022

Penn. Coal Co

*10,198

131,987

81,465

950,269

631,009

319,260

52,822

29,107

312,674

251,354

61,320

Cent. RR. of N. J.
Del. L. A W. RR..
D. A H. Canal Co.

329,341

N.Y.L E. A W. RR.

1879.

1880.

Decrease.

138,948
394,435
289,614
305,805

2,331,405 1,895,515 16,623,286 13,844,431 2,778,854

Total....

For six years

Expenses.

Embraced in the

-

Ac.,

destroyed in Pittsburg riots of 1877

*

$2,635.46S

Revenue.

cars,

Less doubtful accounts written off

$2,635,468

Disbursements.

$8,885,203

306

Pennsylvania RR
228
Petersburg RR
306
Philadelphia A Reading.. .230,
248, 306

Operating expenses, including legal expenses, general taxes
and insurance (leased lines included)

follows:

against Allegheny County for

281

Our proportion of earnings of other Sleeping
Car Associations controlled and operated by
this compauy
527,902—$2,579,202
Patent royalties
14,022
Profit and lose, including interest, discount and exchange..
42,243

expenses,

419,003

257
259

income account.

on

leased from Central

Surplus—invested in tbe assets of tbe company.$4,478,273
Less written off during tbe year for loss
on cars sold and destroyed, replaced by
new cars
$34,686

N.Y.Lake Erie AWest.229,248, 306

Earnings (leased lines included)

Dividends

cars

Transportation Company

281

Mobile A Ohio

(For the fiscal year ending July 31, 1880.)
The annual report to stockholders furnishes the following

Maintenance of
Our proportion

Amount received from sale of old

Memphis City Bondholder*.... 306

Pullman’s Palace Car

information

Capital stock issued, 59,902 shares, par value, $100 each.. $5,990,200
Outstanding bonds—
8 per cent currency debenture bonds—
Second series, due May 15,1881
$328,000
Third senes, due February 15,1887
445,000
Fourth series, due August 15, 1892
820,000
7 per ct. cur’cy deben. b’nds, due Oct. 15,1888
767,000
7 per ct. sterling deb. couv. bds, due Apr. 1/85
116,000— 2,476,000

Less written off in settlement of claims

INDEX SINCE AUGUST, SUPPLEMENT.

Am. Union Telegraph
Arkansas State Bonds

327

Increase.

The stock

of coal

Angnst 31, 1880.

was

on

hand at tide-water

619,899 tons;

on

shipping points
July 31, 75S,081 tons;

decrease, 136,182 tons.
Boston Water Power Company.—The Transcript reports that
this company has completed the arrangements for the sale of
all its remaining lands north of the Boston & Albany Railroad
for $700,000. This will cancel one-quarter of the debt, leaving
it about $2,100,000.

Chicago & Eastern Illinois.—The income bond3 to the
$1,000,000 have been placed on the New York Stock
Exchange list. These bonds are dated Dec. 1,1877, and mature
Dec. 1, 1907, with such annual interest to be paid thereon (not
in any
event to exceed 7 per cent per annum, and to be noncumulative) as shall be yearly fixed and declared payable by
the directors. The denominations are^ $1,000, Nos. 1 to 800,
both inclusive, and $500, Nos. 1 to 400, both inclusive. The
company obtained it^ rights under the foreclosure and sale of
the Illinois Division of the Chicago Danville & Vincennes Rail¬
road, under decree of the Unitea States Court of the Northern
District of Illinois, Feb. 7, 1877, and under foreclosure and sale
of the Indiana Division of the same railroad, under decree of
amount of

the United States Court for the District of Indiana, Feb. 9,1877,
The length of road from Dalton to Danville, Ill., is 107 miles,
and from Bismarck, Ill., to Coal Creek, Ind., 24 miles, a total of
131 miles.

The

The first mortgage

capital stock is $500,000.

bonds amount to $3,003,000.
By arrangement with the Pitts-

3

THE

3^8

CHRONICLE.

burg Cincinnati & St. Louis Railway Company freight trains of
this road are at present run between Dalton and Chicago oyer
their tracks. A lease has been entered into between this com¬

[VOL. XXXI.

the three and one-half months from May 16 (the time the road
was turned over by the Receivers) to September 1 were $199,881
Operating expenses
Pennsylvania Railroad terminal charges

$104,216

-

18,982

10,840
and the Chicago & Western Indiana Railway Company, Leased railroads
134,039
which is at present constructing a line from Dalton to Chicago,
by which this company acquires in perpetuity an independent
Net earnings
$65,842
entrance into Chicago, with suitable depots, yards, &c. Passen¬
This company is laying 800
tons new steel rails and is putting
ger trains of this road are now being run between Dalton and on all its cars the
Westinghouse automatic brakes ,* 40 new
over
this
Chicago
line.
freight cars and two new locomotives have been recently added
Chicago Milwaukee & St. Paul.-—At a meeting of the direc¬ to its rolling stock. The bridge over the Erie at West End has
tors, on Thursday, dividends of 3)6 per cent each were declared just been rebuilt. Passenger cars, as well as freight are now
upon the common and preferred stocks. No statement of earn¬ run to connect with New York Ontario & Western Railroad.
ings and expenses was published, but it was stated that the
Minneapolis & St. Louig.—A dispatch to the Chicago Tribune
earnings were sufficient to authorize the company’s payment of from
St. Paul, Minn., September 20, said : “The report of the
a 3)6 per cent dividend on the preferred stock in addition to
Minneapolis
& St. Louis Railway Company to the State Railroad
that declared to-day, and, if the rate of increase in earnings
Commissioner, for the year ending June 30, 1880, was filed to¬
continued, a dividend of 3)6 per cent on the common stock could
day. The total bonded indebtedness of the company is $2,405,be declared on November 1.
000 ; the total cost of construction and equipment is $4,750,606.
The following bonds have been admitted to the New York
The whole length of the line is 369 miles. The branch from
Stock Exchange list:
Albert Lea to Fort Dodge was opened to the State line in
Chicago Milwaukee & St. Paul, Chicago & Pacific Division, November, 1879, and completed to Fort Dodge the last of June
6 per cent bonds, to the amount of $2,000,000 ; and
1880. The total earnings for the year were $582,463 ; the total
Hastings and Dakota Division, first mortgage, due 1910, 7
operating expenses of the entire line were $339,930, or 58*36 per
per cent bonds, to the amount of $525,000.
cent of the earnings.
The excess of earnings over the operating
The bonds cover the line from Chicago to the Southwestern
Division of the St. Paul Road, a distance of about ninety miles, expenses and taxes is $230,920. The total payments, in addition
to the operating expenses, were $1,095,641.”
and the bridge, which is now almost completed, across the Mis¬
Missouri Pacific.—The stockholders of the Missouri Pacific
sissippi River at Sabula, Iowa. It is expected that the entire
line from Chicago to Sabula—forming the Chicago & Pacific Railroad Company met in St. Louis to ratify articles of agree¬
Division of the St. Paul Road—will be completed by the end of ment and consolidation between the Missouri Pacific and the
October.
following roads: St. Louis & Lexington, Kansas City & Eastern,
Flushing & North Side.—Thomas Messinger, Esq., of Great Lexington & Southern, St. Louis Kansas City & Arizona, Kan¬
Neck, has been appointed by the Supreme Court Receiver of sas City Leavenworth & Atchison. The consolidation of these
the Flushing & North Side Railroad, of which the bondholders roads, which practically existed, was unanimously ratified, and

pany

.*

—

.

the combined roads will hereafter be known as the Missouri
foreclosing the mortgages,
Pacific Railway Company.
Houston & Texas Central.—The following is the compara¬
tive statement of the earnings and expenses of the road for the
Mobile City Finances.—A press dispatch from Mobile, Ala.,
month of July:
Sept. 23, says: “At a meeting of the Commissioners of the City
Increase.
1880.
1879.
of Mobile, bondholders and taxpayers, to-day, the following
$227,679
$40,830
Gross earnings
$186,848
was adopted:
27,043
162,958,
Operating expenses
135,914
Resolved: As citizens and taxpayers of Mobile, we desire that
$13,786 the Commissioners of the City of Mobile shall make a settle¬
Net earnings
$50,933
$64,720
Track is laid on the Western extension, known as the Texas ment with the creditors of the late City of Mobile as favorable
Central road, to Hico, Texas, 80 miles from Waco and 70 miles to them as practicable on the basis of a taxation on the property
from Ross, the end of the old Waco branch and the beginning within the limits of the late City of Mobile of one per centum
of the road built by the Texas Central Company. Work is on the value of said property.
The Commissioners will meet the creditors in New York
progressing toward the proposed terminus in Eastland County,

are

“

“

60 miles from Hico.

on

Memphis City Bonds.—The New York Times reports that
the conference between the commission appointed by the Ten¬
nessee Legislature and the New York holders of Memphis bonds,
relative to patching up a compromise of the debt of Memphis,
was held at No. 39 Pine Street.
T. B. Turley and Dr. A. T.
Porter were the only members of the commission present. R.
B. Snowden, John Overton, Jr., Judge John M. Lee, John R.
Goodwin, F. S. Davis and F. S. Cossjtt were the only bond¬
holders who appeared. The proceedings were secret, and all
information was subsequently refused, except that the com¬
mission has concluded their business here and that a satisfactory
arrangement will probably be arrived at.
—The Baltimore Sun states that at the meeting held last
week in Baltimore. Receiver Latham reported the debt of Mem¬
phis, January 1, 1879, at $4,554,009. Taking the compromise
bonds at their par value, $1,054,000, the total indebted¬
ness
January 1, 1881, would be $5,600,000, or with interest
$6,000,000. This, with other claims, would make it $6,600,000.
The assets were nominally $1,400,000, which embraced back taxes
for 22 years, and of which not more than $500,000 would be re¬
alized, leaving the total indebtedness of Memphis, January 1,
1881, at about $6,000,000. The assessed valuation of Memphis
was $14,942,4S0, and
$2,500,000 was delinquent for State,
county and city taxes, the county and State taxes being a prior
lien for nearly $527,000 before the city was paid. The question
was, what amount’ of taxes could the property bear ?
State
and county taxes would be 75 cents and city taxes $1 50, and
the utmost limit the property could bear was 3 per cent. When
the old city government was repealed there was not a cent of
public property. Since then they were getting their streets
and
sewers
in
working condition. The idea was to
raise $100,000 or $120,000 each year, which would pay
the interest on and provide a sinking fund for part of the debt.
Anv settlement the bond-owners would agree to would suit,
either to take a small bond with large interest or a large bond
with short interest.

The intention

was

to place the bond-

October 14.”

& St. Louis.—The stockholders of
railway elected the following directors for the ensuing
year: James A. Porter, J. W. Thomas, E. P. Alexander, G. M.
Fogg, A. M. Quarrier, E. L. Jordan, J. W. Childress, H. C.
Murrell, Thomas W. Whiteside, Thomas Lipscomb, George A.
Washington, V. K. Stevenson, Thomas W. Evans, B. F. Guthrie
Nashville Chattanooga

this

and C. C. Baldwin.
Eleven of these gentlemen were

members of the old board,

eight being Tennesseeans.

The board then met and elected Hon. James A. Porter, Presi¬
dent; F. de Funiak, General Manager; J. W. Thomas, General

Superintendent.
New Orleans Mobile & Texas.—The

following have been
the New York Stock Exchange, viz.:
Capital stock, $4,000,000; shares, $100 each.
Debenture
scrip, $3,000,000, dated May 8, 1880, and payable May 8, 1930,
or after, secured by a mortgage, subject only
to a $5,000,000
first mortgage of the Louisville & Nashville Railroad Company,
"and entitled to all the net earnings in any one year not exceed¬
ing 6 per cent. $5,000,000 first mortgage 6 per cent gold bonds,
dated May 8, 1880, and payable January 1, 1930, issued by the
Louisville & Nashville Railroad Company, upon this road, as

placed

on

its New Orleans and Mobile Division.
The company is a reorganized corporation,

leased to the Louisville
statement says:
“
The road is located in
and Mobile. The length
Ponchartrain of six miles,

& Nashville

and its road is
The official

Company.

and between the cities of New Orleans

is 141 miles, with a branch to Lake
making a total of 147 miles main line;

are about twenty miles.
* * The road was completed
and put in operation in 1870. The gross earnings of the main
line in 1872 reached about $960,000, or about $7,000 per mile.
During and since 1873, in consequence of the general depression
in business throughout the country, and the return at occa¬
sional periods of yellow fever, the average receipts for the last
seven years have been a little in excess of $700,000 per annum,

sidings

compromised at one-half on an equal
footing with those who had not. Mr. Sellman took exceptions or about $5,000 per mile*on the main line. With the return of
to the low valuation of property in Memphis, and Mr. Turley business activity everywhere now apparent, no less with this
explained that the value of the real estate was $12,000,000, property than of others of the same description, it is confidently
which was fully up, in view of the fact that Memphis had lost expected the receipts upon this road will very soon reach, if not
over 10,000 people in ten years by epidemics out of a popula¬
exceed, those of 1872, above referred to, in which even the
tion of 40,000, and that one-half the people remaining were debenture scrip issued under the second mortgage, amounting
to $3,000,000, will be assured the full amount of interest pro¬
colored, and owned no property.
There was considerable more discussion, and one of the com¬ vided for from the net earnings, namely, 6 per cent per annum,
mission stated that the idea was to scale the $6,000,000 indebted¬ and any further increase will inure to the stock issued, amount¬
ness down to a point where the amount raised by the additional
ing to $4,000,000. Prior to the company’s default of interest,
75 cent tax ($100,000 to $120,000) would pay the interest. In July 1, 1874, there was outstanding, issued for costs of con¬
other words, at 6 per cent it would pay interest on $2,000,000 struction and for property belonging to the then existin,
or one-third the debt.
At 3 per cent it would pay interest on company, of first mortgage 8 per cent bonds, $4,000,000; secon
about $4,000,000 or two thirds.
mortgage 8 per cent bonds, $2,000,000; capital stock, $4,000,Midland of New Jersey.—The earnings of this railroad for 000; total, $10,000,000.
holders who had already




September

329

THE CHRONICLE.

25, 1880.J

record September 28,.

$100 each, stockholders of

090 shares, of

made the property passed 1880, to have the option of subscribing for 30,000 shares at par,
the first mortgage bonds, and 30,000 are to be offered for public subscription at such later
during January, 1875, and by time as the directors may determine. The President, in his
the United States Court annual report, estimates that the amount required for con¬
Owing to the worn out struction purposes during the years 1880 and 1881 will be about
condition of the property at the time of their entry into pos¬
$3,000,000; and it is proposed to raise the needed amount by
session, it became necessary to renew every portion of the sales of stock rather than increase the bonded debt.
same, bridging, crossties, rails, rebuilding of equipment, raising
of road bed, and the making of embankments where before
Peoria Decatur & Evansville.—This company has had its
bridges had been used. All this was done during the time at bonds admitted to the New York Stock Exchange list as follows :
an expenditure, including the allowances made for the admin¬
$750,000 first mortgage 6 per cent bonds; $750,000 income
istration, of about or nearly $3,000,000, nearly two of which bonds. The statement submitted reports that the line of road
was derived from net earnings ; balance was furnished by the
mortgaged to secure the above-named issues of bonds extends
lessees—nearly $1,000,000—to pay trustees* certificates lor from Mattoon, Ill., to the city of Evansville, Ind., on the Ohio
expenses,, allowances, etc. The equipment has been entirely River, a distance of about 135 miles, 75 miles of which are
overhauled and rebuilt—made as good as new. The bridges
fully completed and equipped and trains are running regularly,
have all been rebuilt of creosoted timber, except some 6,000
forming a continuous line from Peoria, III, to Evansville, Ina.,
lineal feet of the most important structures, where iron was about 250 miles in length. The total issue of first mortgage
used; several miles of embankment substituted, wrhere before bonds on this division will be $1,470,000, dated September 1,
wooden trestle was used; the roadbed raised from 2 to 3 feet 1880, and maturing September 1, 1920. Par value of each bond,
for about thirty miles ; all renewals of rail have been of steel, $1,000. The trustees are Mr. H. L. Morrill and the Central Trust
amounting to something over 100 miles; station houses, shops, Company, New York. The whole issue of income bonds on
and depot buildings rebuilt and put in repair. The property this division will be $1,230,000, dated September 1, 1880, and
was sold under decree of court, at the instance of the first
maturing September 1, 1920. Par value of each bond $1,000,
mortgage bondholders, on April 24 last, upon which there was and bearing interest at the rate not to exceed 6 per cent in any
due, with accrued interest, about $6,500,000; upon the second one year, as the net income for the particular year, after
mortgage bonds, $3,000,000; capital stock, $4,000,000; a total deducting interest on the first mortgage bonds, taxes and
of about $13,500,000.
rentals, and all expenditures for betterments, will pay, and
It was purchased by a committee appointed for the purpose such interest is to be non-cumulative. The trustees are Mr. H. L.
of perfecting a reorganization, which should make a lease of the Morrill and the Central Trust Company, New York. The balance
property, with its franchises, to the Louisville & Nashville of bonds will remain in abeyance until the remaining 60 miles
Railroad Company, which was done on May 8 last, and the of
partially-finished road are completed. The company has no
property is now operated, and has been since about the middle floating debt. The equipment is new and ample for operating
of
May, by the Louisville & Nashville Railroad Com¬ the whole line successfully. The funded debt on the road will
pany, making a through
line, under its management, be as follows: First mortgage 6 per cent bonds, line from Pekin
from Louisville, Ky., to New Orleans, La.
A condition to Mattoon, $1,287,000; first mortgage 6 per cent bonds, Evans¬
precedent to making of said lease was that the Louisville & ville division, $1,470,000; income bonds, line from Pekin to
Nashville Railroad Company should issue its own bonds, Mattoon, $858,000 ; income bonds, Evansville Division, $1,230,secured by mortgage upon this property, for the amount of 000. Total, $4,845,000."
$5,000,000, to be used in the purchase of $4,000,000 of old first
Pennsylvania Railroad.—The statement of increase in earn¬
mortgage bonds outstanding, and to provide $1,000,000 for
ings
in the month of August has been issued in the usual form.
preferential charges, under the order of the United States
Court. This was done by a tripartite mortgage of the New The mere publication of increase or decrease in earnings is
In consequence of the default then
into the possession of the trustees of
E. D. Morgan and J. A. Raynor,
them was operated under the order of
until its reorganization in April last.
“

“

Orleans Mobile & Texas Railroad Company, made to the
Farmers’ Loan & Trust Company, to secure the Louisville &
Nashville Railroad Company fur such issue of bonds.”
New

Pacific

month of

$740,637
Orleans Pacific.—A mortgage of the New Orleans to August 31, the increase in gross earnings was $5,427,398 and
Railroad for $7,100,000 was recorded September 8 at in net earnings $2,848,992. The Pennsylvania Railroad on all

Shreveport, La. The lines specified are a main line from New
Orleans to Shreveport, and branches to Texas, to Opelousas and
to Baton Rouge.
The contract for constructing the road from
New Orleans to Shreveport was ratified August 22, and work
on that portion of the road between fchreveport and Lecompte
Station was to be b'gun within thirty days after the ratification
of the contract, and to be completed by August 1, 1881. The
work

insufficient and obscure, and we bring forward our complete
statement of both gross and net earnings during each
the year. In August the increase in gross earnings was
and in net earnings $297,482. For the eight months, January 1

on

the road will

probably be commenced about Oct. 1.

River.—Messrs. J. S. Mor¬
gan & Co. publish in London the following statement of gross
receipts and estimated net earnings. The latter are estimated,
as we understand, by taking the average per cent of operating
expenses of the road for ten years past as the basis for calcu¬
lating net earnings this year:
Estimated
Gross
New York Central & Hudson

Earning8.
For tlie month ending
For the same i>eriod

Net

Earnings.

August 31,1880....

$3,023,000

2,540,000

$1,330,120
1,120,240

Aug. 31,1880..

$477,000
$30,175,000

$209,880
$13,277,000

$4,701,000

$2,003,440

last year

Increase
For eleven months ending
For same period last year
Increase

25,474,000

11,208,500

its lines east and west

has made $4,628,289 more

months of 1880 than in the same time
ALL LINES EAST

-Gross

1880.

March

3,278,186

April

3,488,366
3,417,916

May

profit in eight

year.

OF PITTSBURG AND ERIE.
—Net Earnings.
1879.
1880.
1879.

Earnings.

$3,083,551
2,944,576

January
February

last

Juno

3,221,476

July
August

3,449,644
3,723,355

$2,543,424

$1,019,531
1,172,986
987,223
1,031,028
1,034,092

$1,366,298
1,232.182
1,511,248
1,495,582
1,476,852
1,012,247
1,302,505
1,554,480

2,538,039
2,603,068
2,630,022
2,708,695
2,390,810
2,782,906
2,982,718

600,994

999,615

1,256,998

$21,179,682
$10,951,394
$8,102,402
Pittsburg and Erie, there is a discrep¬
ancy in the figures published, as compared with the statements
issued in 1879. The net surplus over liabilities for the eight
months of 1880 is reported by the company ju3t as we give it
in the table below—at $1,879,249—but it is said to be an increase
over the corresponding eight months of 1879 of $2,116,103.
Our
table for each month of 1879, however, compiled below, shows
that there was then a net surplus of $99,952, making the gain
this year only $1,779,297. The discrepancy, as explained by the
Treasurer, results from charging at tie end of the year certain
Total 8 mos..

$26,607,070

As to the lines west of

interest on bonds of the Pennsylvania Company and the Pitts¬
Elevated Roads.—The directors of the burg Cincinnati & St. Louis Railway Company, and not charg¬
Metropolitan Elevated Railway Company adopted resolutions ing the pro rata for each month in 1879.
ALL LINES WEST OF PITTSBURG.
approving the award of the Board of Arbitration, and recom¬
mending its adoption by the stockholders. A meeting was
Net Surplus above all Liabilities, including Rentals, Interest, dc.
Gain in 1880.
called for September 25 for the purpose of ratifying the award.
1879.
1880.
$101,155
$204,149
Jose F. Navarro was appointed a committee to confer with January
$305,304
90,864
25,8 46
116.710
February
those of the New York and Manhattan Companies upon the
483,468
73,703
557,171
March
best means of carrying the provisions of the award into effect.
394,447
deficit 82,178
312,269
April
169,291
deficit 158,090
11,201
Northern Central (Pennsylvania and Maryland).—The May
277,653
deficit 269,182
8,471
June
248,095
52,732
300,827
comparative statement of earnings and expenses for the month July
14,324
252,972
267,296
of August is as follows:
August
Increase.

New York City

1880.

1879.

earnings
Expenses
Gross

Net

earnings

Following

are

$316,716

260,489

$453,923
330,966

$137,207
70,476

$56,226

$122,956

$66,730

the earnings for the

year

and 1880:
Expenses
Net

earnings

$2,475,661
1,896,627

$3,120,012

$579,033

2,146.816

$973,195

$644,350

capital stock from 60,000 shares, the




ment of the gross

is

as

follows

:

GROSS

250.188

$394,161

Oregon Railway & Navigation Co.—This company gives
notice, in a circular dated the 16th inst., that a special meeting
of the stockholders will be held at the office of the company at
Portland, Oregon, on the 20th of October next, for the purpose
of voting on a proposition submitted by the directors to increase
the

$1,779,297

$99,952

eight mouths $1,879,249

Philadelphia <fe Reading.—The, official comparative state¬
recemts, tonnage and passengers of the
to August 31,1879 Philadelphia & Reading Railroad Company for the month of
August and for nine months (not eight months) of its fiscal year
Increase.

1880.

1879.

Gross earnings

Net for

present issue, to 120,-

RECEIPTS.

-1879.-

Aitgust.

Total Railroad

9 tnonlhs.

$1,531,813 $12,446,703
918,571 7,780,137
...$2,267,967 $17,465,573 $2,450,384 $20,226,840

Coal & Iron Co..

Total of all

-1880.-

August.

$1,305,414 $9,191,503 $1,415,833 $11,495,798
101,092
560,386
63.490
444,911
482.756
433,660
47,630
43,283
8,143
107,480
9,204
72,332

Railroad traffic-.
Canal traffic
Steam colliers
Coal barges
P. & R.

9 months.

$1,462,280 $10,342,127
805,686 7,123,446

THE

330

CHRONICLE

TONNAGE AND PASSENGERS.

1879.

,

Coal on railroad ...tons.
Merchandise
tons.

Passengers
No.
Coal by steam col. .tons.
Coal mined by Coal &

1880

-

August.
730/214
545,930

9 months.
5,707,371
3,273,988

820,270
55,111

5,555,816
440,997

9 months.
4,785,760
4,403,360
7,125,553

August.
557,614
483,571
900,147

'

408,692

54,752

Iron Co

tons.

413,270

3,021,254

244,335

Mined by

tenants..tons.

113,942

898,957

105,311

2,265,788
799,663

Total mined. ..tons.

527,213

3,920,212

349,646

3,065,451

5

The statement of

receipts and expenses of the railroad
for the month of August is as follows:

pany

1879.

,

Gross rcc'pts from
all

$1,462,280 $10,342,127

sources

9 months.

August.

$1,531,813 $12,446,703

Gross expenses, in¬

982,528

cluding rentals..

7,703,756

9,528,245

1,042,162

Net profit
$479,752 $2,638,370
$489,651 $2,918,457
Following is the statement of the Philadelphia & Reading
Coal & Iron Company for the month:
.

1879.

,

Receipts

Expenses
Total net
*

Profit.

profit

.

.

1880.

,

August.
$805,686
977,470

9 months.

August.

$7,123,446
7,877,485

$918,571
845,261

t$171,784

t$754,038

*$73,309

$307,968

$1,884,331

$562,961

.

9 months.
$7,780,137

7,765,903
"$14,233
$2,932,690

t Loss.

Pittsburg Titusville & Buffalo.—The earnings of this road
compared with the same

for the month ending Aug. 31,1880,
month in 1879, are as follows:
Gross receipts.
$55,500
August. 1880
....

August, 1879

....

Increase
8 months. 1830
8 months, 1879
Increase

....

....

.j

....

....

37,526

$17,973
$372,672

Net

profits.
$27,700

Expenses.
$27,800
19,596

17,930

$8,203

308,198

$198,103
192,226

$64,473

$5,877

$9,769
$174,569
115,972

$58,596
50’52 pr. ct.

Gross expenses in 1879 were 62‘37 per cent of gross receipts
for the eight months; gross expenses in 1880 were 5316 per
cent of gross receipts for the eight months.

Richmond & Allegheny.—Work on this railroad between
Richmond and Lynchburg is advancing rapidly. On Sept. 21

the road was opened for travel and traffic between Richmond
and Maiden’s Adventure, 27 miles, between which points there
has been no communication for several weeks owing to the

closing of the canal.

Rochester & State Line.—At Rochester, September 23,
the suit of the City of Rochester against Isaac S. Waterman, of

Philadelphia, Henry A. Taylor, Thomas Leighton, and others,
to recover $600,000 for the non-delivery of that amount of the
capital stock of the Rochester & State Line Railway Company,
was decided against the city, and the complaint dismissed with
The case was tried in May and submitted to the full
costs.
bench in July. Judge Rumsey rendered the decision. This
case was mentioned last April as causing Mr. Vanderbilt’s with¬
drawal from the Directory of the State Line Road, which de¬
faulted on its interest payments in January, and is now in the
hands of a Receiver—S. j. Macy. The road runs to Salamanca.
Schuylkill Navigation Company.—The Philadelphia Ledger
has

the*following:

Financial Editor of Public Ledger: Will you please answer a constant

reader through the columns of your money article :
1. What are the general terms of the lease of the Schuylkill

receivers of the Reading ?

to be carried out by the present
Inquirer.

The lease of the Schuylkill Navigation property to the Phila¬
delphia & Reading Railroad Company is dated July 12, 1870, is
for 999 years, and provides for the quarterly payment of an
annual sum sufficient to pay full interest on all the indebted¬
ness of the lessor company and dividends of 1^
per cent on the
preferred and % per cent on the common stock. The original
rental was $655,000 per annum, which has, under the terms of
the lease, been somewhat reduced by the reduction of some of
the indebtedness of the Navigation Company. In addition to
the obligations of the lease, the Philadelphia & Reading Rail¬
road Company directly guarantees the principal and interest of
four of the loans of the Navigation Company, and guarantees
the interest of two others; but there is no guarantee by the
Railroad Company of any dividend to the shareholders of the
Navigation Company beyond the covenant in the lease to pay a
fixed rental, which is sufficient, if paid, to enable the
Naviga¬
tion Company to declare the dividends above named. As the
canal has for many years entailed a loss to the Reading
Rail¬
road Company, we should presume that the present receivers
(who have already furnished the means to pay the interest
upon the first and second mortgage debts) would ask for some
reduction of rental, which would
necessarily be borne by the

later bondholders and the shareholders.

Shenandoah

Valley.—This road is now in full operation
Hagerstown to Milford, in Page County, Va. It is
expected to connect with the Chesapeake & Ohio Railroad at
Waynesburg in December, and will thence go on to Lynchburg.
At Hagerstown it unites with the Cumberland
Valley Road, and
thus with the main stem of the Pennsylvania Road. The new
Shenandoah Valley Road is seventy-six miles long as
already
completed, and is designed to be eventually one hundred and
forty-three miles in length. Thus there are two railroads now
from




ing with the Pennsylvania system.—Baltimore Sun.
Tennessee State Bonds.—A press dispatch from Memphis,
Sept. 21, says that, in the U. S.Circuit Court, Judge Ham¬
mond overruled a motion for the dismissal of suits against cer¬
tain railroads of the State made by the attorney representing
the holders of Tennessee State bonds, deciding the defendants
entitled to a hearing on the merits, and set the cases for trial
next Monday.
These cases bring up the responsibility of

the State for a portion of the State debt, and
practically involved the same questions argued before Judge
Withey at Nashville last May, and still held under advisement
by him.
Titusville & Oil City.—This road, from Oil City to Petroleum
Centre, on the opposite side of the river from the Pittsburg
Titusville & Buffalo, has been completed. The new road has
cost a little over $40,000, for though it is nine miles long it is
laid with old rails, and there was very little grading
left to be done, so that the cost of the sleepers and the labor
were the principal items.
Toledo Delphos & Burlington.—The last rail was laid Sep¬
tember 17 on this railroad, connecting Dayton and Versailles,
a distance of fifty miles.
This portion of the road will be bal¬
lasted and ready for use in a few weeks. Work is progressing
rapidly on the remainder of the road, and by November will
probably be completed to Toledo.
Wabash St. Louis & Pacific.—A .special meeting of the
Wabash stockholders has been called for November 20, at St.
Louis, for the purpose of confirming certain important agree¬

ments

these

recently made by the directors.
are

Two of the principal of
Railway of Canada,
the use of .that road, with

contracts with the Great Western

whereby the Wabash is to

secure

the Delaware Lackawanna & Western and its Buffalo extension
for the exchange of traffic.
The agreement which occupies apparently the most signifi¬

cant place in the notice may also prove to be one of the most
important—this is the contract with the Wabash St. Louis &
Pacific Railway Company of Nebraska. This company is being
organized for the purpose of constructing a road from some
point on the Missouri River towards Red Cloud, about 200 miles
west of that river. This road will enter the Republican Valley,
and take away business from the Chicago Burlington & Quincy
Company’s Nebraska line.

The official notice to the Wabash St. Louis & Pacific stock¬
holders is as follows :
A special meeting of the stockholders of this
company will he held at
the office of the company, at St. Louis, Mo., on Saturday, November 20,
1880, commencing at 10 o’clock A. M., to act upon the following agree¬

ments, made by the board of directors of said company :
An agreement to issue the bonds of this company to the amount of
$1,000,000, dated December 1, A. D. 1880, payable thirty years after
date, with interest at 6 per cent, payable semi-annually and secured by

mortgage upon the railroad formerly belonging to the Champaign
Havana & Western Railway Company, as required by the terms of con¬
solidation with said company.

a

An agreement with the Missouri Iowa & Nebraska Railway
Company,
whereby this company accepts a lease in perpetuity of the Missouri Iowa
& Nebraska Railway, and covenants to issue in payment therefore the 6
per cent bonds of this company heretofore authorized and secured by its
present general mortgage, or other bonds, of this company of like tenor
and effect, secured by mortgage on the said Missouri Iowa & Nebraska
Railway, to an amount not exceeding $2,250,000, and also to issue,

partly in further payment of said lease and partly in exchange for the
stock of said Missouri Iowa A Nebraska Railway Company, the
common

Navigation

Company to the Reading Railroad Company?
2. What interest does the Railroad Company guarantee to the holders
of the preferred stock of the Schuylkill Navigation ?
3. When is the interest payable?
4. Will the terms of the lease be likely

in operation up the Valley of Virginia from the Potomac that
connect with the Baltimore & Ohio Railroad at Harper’s Ferry,
as well as this one running to Hagerstown and thence connect¬

the railroads to

1880.

s

9 months.

August.

com¬

[Vol. XXXI.

and

preferred stock of this company to the extent of not

exceeding $750,000 each, being an increase of the capital stock of this
company to that extent".
An agreement with the Iowa Missouri & Nebraska Railway Company,
providing for the construction of the railway of said company from the
terminus of the railway of the Missouri Iowa & Nebraska
Railway Com¬
pany at Centreville, Ipwa, westward to the Missouri River, the lease
thereof to this company in perpetuity of said railway, and the payment
thereof by this company, in 6 per cent bonds of this company, now
issued and secured by its general mortgage, or in other bonds of like
or effect, secured by mortgage on the railroad of the said Iowa
Missouri & Nebraska Railroad Company. The said agreement provides
also for the exchange of the capital stock of the Iowa Missouri &
Nebraska Railroad Company for the capital stock of this company, upon
terms therein defined, being an increase of the preferred and common
stock of this company to an amount not exceeding seven hundred and

tenor

fifty thousand dollars each.

An agreement with the Attica Covington & Southern Railway Com¬
pany, of Indiaua, for the construction of the railway of that company,
and for the lease of the same in perpetuity to this compan}".
An agreement for the construction of an extension of the railway

formerly owned by the Champaign Havana & Western Railway Com¬
pany, from Havana, Ill., to Quincy, Ill., and payment for the same by
the issue of bonds of this company, secured by its general mortgage to
an amount not exceeding $15,000 per mile of such constructed road.
An

agreement between this company and the Great Western Railway

Company of Canada for carrying the traffic of this company over the
railway of that company during a term of years upon terms therein
defined.
An

agreement between this company, the New York Lackawanna &

Western and the Delaware Lackawanna A Western, securing to this
company certain rights of traffic over the railroads of the two com¬

panies last named.

An agreement between this companj^ and the Chicago & Western
Indiana Railroad Company, providing for the lease by that company to
this company of certain terminal facilities in the City of Chicago, and
the guarantee by this company of the bonds of that company, bearing
interest equal to the rental named in said agreement.
An agreement for the construction of a branch of the
Chicago division
of the railway of this company, commencing at a point near the inter¬
section of the Mazon River with said

railway, and extending westward
through the Eraidwood coal region to a connection with the Toledo
Peoria & Wan aw Railway at Washington, Ill. The construction of such
branch railroad to be paid for in bonds secured by the general mortgage
of this company to an amount not exceeding fifteen "thousand dollars

per mile.
An agreement

■.

with the “ Wabash St. Louis & Pacific Railway Com¬
pany of Nebraska” for the construction of the railroad of said company
in Nebraska and the transfer of said railroad to this company by lease
or consol dation, as the stockholders of this company
may determine.

September

'

THE CHRONICLE.

25, 1880.]

331

COTTON.

jpe Commercial jinxes.

Friday, P. M.,

September 24, 1880.

The Movement op the Crop, as indicated by our telegrama
from the South to-night, is given below.
For the week end¬

COMMERCIAL EPITOME.
Friday Night, Sept. 24, 1880.
There is very little that is really new to report regarding the
state of mercantile affairs. The excitement attending the can¬
vass for the approaching election of President and Vice-Presi¬

ing this evening (Sept. 24), the total receipts have reached 136,415
bales, against 102,695 bales last week, 61,117 bales the previous
week and 42,082 bales three weeks since; making the total
receipts since the 1st of September, 1880, 321,443 bales, against
dent of the United States shows some increase; and, partly 248,636 bales for the same period of 1879, showing an increase
from special effort, with the purpose of affecting the result, since September 1, 1880, of 72,807 bales.
The details of the
and partly as a natural incident, business circles feel the diver¬ receipts for each day of this week (a3 per telegraph) are as
sion of public interest to political matters. There is a serious follows :
drought in the Middle States beyond the Alleghanies, and it
Mon.
Wed.
Thurs.
Total.
Sat.
Tues.
Fri.
Receipts at—
may have important results unless rain shall fall soon.
The
2,584
1,623
2,302
18,606
3,150 6,526 2,421
temperature in the middle latitudes is quite low, but no injuri¬ New Orleans
ous frosts are reported as yet.
276
395
580
978
1,176
2,617
6,022
At the South there is happily Mobile
a partial cessation of excessive rains.
Charleston
5,079 4,342 3,961 4,470 4,390 6,265 28,507
There was a dull and weak market for provisions, in sym¬ Port Itoyal, &c.
57
57
7,002
32,652
4,799
pathy with the general advices from the West and the lack of Savannah
3,416
6,156
5,845
5,434
776
776
speculative support here. Pork sold to-day on the spot at Brunswick, &c.
$15 25@$15 50; options were quoted at $15 15 for September Galveston
2,295
1,484
17,463
2,447
6,584
1,712
2,941
and October and $13 30@$13 70 for seller year. Bacon sold in Indianola, &c...
131
131
a fair way at 6’85c. for long and short clear together, December
448
465
539
297
821
500
3,070
Tennessee, &c..
219
delivery at Chicago. Cut meats were irregular. Lard opened Florida
210
steady, but soon a weak feeling set in, and marked declines took Wilmington....
695
386
117
863
659
3,915
1,195
place; prime Western quoted on the spot at 8*35c. and to arrive Moreli’d City ,&c
361
361
at 8*27^c.; September options sold at 8‘40c., closing at 8‘35c.; Norfolk
3,166
2,703
3,88o
4,550
19,891
3,143
2,444
October 8*37/£@8*30c.; November at 8*32^@8*25c.; December
4,743
4,743
City Point, &c..
8'27?g@8‘222&c.; seller year 8*25@8,17/^c.; buyer year 8*42^c.;
January 8 25@8,22/^c.; refined to the Continent quoted 8’65c. Totals this week 18.470 30,306 20.049 j 17,749 19,484 30,355 136,413
Beef hams sold at $16 50. Butter and cheese are firm and
For comparison, we continue our usual table showing thia
selling fairly. The following is a comparative summary of week’s total receipts and the totals for the corresponding weeks
aggregate exports from November 1 to September 18:
of the four previous years *.
...

....

....

....

....

....

....

....

....

•

1879-80.

Pork
lbs.
Bacon ....lbs.
lbs.
Lard
Total.,

63,127.800
731,889.926
346,602,024

.lbs.1,141,619,750

Bio coffee has shown

a

1878-79.

66,249,800
699,743,106
304,390,562
1,070.383,468

Increase.

•

•

.

•

.

....

.

.

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

Decrease.

3,122,000

32,146,820
42,211,462

Receipts this w'k at—

1879.

1880.

1877.

1878.

1876.

'

New Orleans

74,358,282

3,122,000

material decline during the week, with

18,606
6,022
23,507
157
32,652

Mobile
Charleston
Port

Royal, &c

a very moderate business at the lower prices. To-day^
fair cargoes were quoted steadier at 15@15%c.; mild grades Savannah
have been dull and more or less depressed. The supply of Galveston
both Brazil and mild coffees is at present liberal. Rice has met Indianola, &c
with a fair demand at essentially the same quotations as la^t Tennessee, &o
week. Molasses has been very dull for refining stock at 32@ Florida
33c. for 50 degrees test; but a very fair business in grocery North Carolina
rades has transpired at about steady prices. Raw sugar has Norfolk
een active latterly at decidedly lower prices.
The stock held City Point, &o

only

by importers is excessive, and refiners hold a considerable sup¬
ply of their own importation. There have latterly been sales
at as low as 8%c. for 96 degrees test centrifugal, and the quotatations for fair to good refining muscovado at the close are 7%
@7^c. The following shows the statistical position :

19,872
9,776
18,911

8,373
3,793
22,254

5,472

100

376

787

Total since Sept. 1.

14,276
•

•

•

«

17,463

30,438
21,541

33,849
13,524

131

485

524

274

138

3,846

3,493

2,842

913

2,769

‘

18,549

17,224

147

501

10

486

4,009
5,214
3,599

1,896
3,321

3,124
12,021

4,743

4,096
16,259
2,611

298

309

136,413

127,729

98,863

43,128

95,845

321,443

248,636

246,458

83,071

221,952

4,276
19,891

...

19,400
7,549

11,327
9,122

219

Total this week

2,915
6,793

;

The exports for the week ending this evening reach a total of
59,122 bales, of which 42,022 were to Great Britain, 13,757 to
Stock Sept. 1,1880
France and 3,343 to rest of the Continent, while the stocks as
110,142
9,364
825,725
Receipts since Sept. 1, 1880..... 24,279
6,900 209,579
29 made up this evening are now 255,173 bales.
Below are the
Sales since Sept. I, 1880
2,030
47,194
30,890
Stock Sept. 22, 1880
103,531 14,234
988,210
7,160 exports for the week and stocks to-night, and a comparison with
Stock Sept. 24, 1879
66,823 23,611
500,635
2,849 the corresponding period of last season.
Refined was dull until a few days ago when a decline led to a
8TOCK.
EXPORTED TO—
Week
Total
Same
better business. The refiners throughout the country to-day
this
Week
ending
Conti¬
Great
decided to reduce their production one-third. Prices close at
Week.'
1880.
1879.
1879.
France.
nent.
Sept. 24. Britain.
10%c. for crushed and 10%@l01/ic. for powdered, with a
Bhds.

Boxes.

Bags.

Melado.
7,131

moderate trade.

N. Orl’ns

Kentucky tobacco shows another

active

Mobile..

week, but with less buoyancy to prices. ’ The demand has been

Charl’t’n

mainly for speculation, very little having been done for export
or home consumption, and, therefore, stocks accumulate.
The
sales for the week are 3,550 hhds., of which 400 for export and
3,150 for speculation. Lugs are quoted at 5@6%c. and 7@12^c.

Savan’h.

The market for

for leaf.

very

The movement in seed leaf tobacco has also been

large and sales aggregate 3,105 cases, as follows: 1,100 cases

Pennsylvania, including assorted, 14@22c.; fillers,
7@3c., and wrappers 16@37/^c.; 100 cases 1878 crop, Pennsyl¬
vania, private terms; 850 cases 1879 crop, New England, in¬
cluding seconds, 10@15c , wrappers, 10@35c., and Housatonic
assorted, 22@25c.; 50 cases 1878 crop, New England, wrappers,
14@20c.; 255 cases 1879 crop, State, private terms; 450 cases
1879 crop, State “Flats,” 12^@16c.; 55 cases 1879 crop, Ohio,
private terms; 45 cases 1879 crop, Wisconsin, private terms, and
20.0 cases sundries, 9@22%c. Also 900 bales Havana, 85c.@$127/£.
A better business has been reported in ocean freight room,
and rates are generally on the improvement. The engage¬
ments to-day included: grain to Liverpool, by steam,
5^d.; bacon, 25@30s.; cheese, 35@40s.; grain to London, by
steam, 6%d.; cheese, 50s.; main to Glasgow, by steam, 5%d.;
grain to Cork, for orders, by sailing vessel, 5s. 3d.@5s. 6d.; do.
to Antwerp, 4s. 10/£.@5s.; do. to Marseilles or Cette, 5s. 3d.; do.
1879 crop,

by steamer 5s. 4^d.; to Cork, for orders, 53. 9d.; do. to the
Continent, by sail.
A very fair business has been reported in naval stores. The
offerings have been quite reserved, and the Wilmington advices
have ruled strong; strained to good strained rosins, $1 509
$1 55; spirits turpentine, 38%@39c. bid and asked. Petroleum
has been strong and advancing in sympathy with the European
advices and heavy export demands. Toward the close a reaction
set in, and refined here was resold on the spot at ll%c.
Crude
certificates have sold up to $1 08%, but closed easy at 96%c.
bid. All metals were quiet, and pig iron can be quoted a trifle
easier. Wool has been in better sale at about late prices.
Tallow sells in a free way at 6 5-16@6 7-16c. for prime. "Ingot
copper steady at 18%@18%c. for prime.




6,488
■

■

•

•

•

*

•

•

8,393
•

•

.

....

....

3,570

N. York.

7,648
15,701

Norfolk-

6,011

....

Other*..

6,174

....

Galv’t’n-

1,794

796
•

•

•

•

•

•

•

•

.

.

.

.

....

2,547
....

....

15,677

4,105

....

....

....

....

....

....

11,218

....

42,579

24,520

7,163
46,401

8,626
22,034

62,158
27,737
43,190
14,945
11,000

38,160
34,737
50,305
9,923
9,000

20,042
6,011
6,174

12,093

59,122

18,971 255,173 197,305

....

2,773

Tot. this
week..

42,022

13,757

3,343

Tot.since

47,164
157,119
The exports this week under the head of “other porta” include, from Balmore, 5,169 bales to Liverpool; from Boston, 671 bales to Liverpool; from
Philadelphia, 305 bales to Liverpool:
and from San Francisco, 29 bales to

Sept. 1..

126,816

24,444

5,959

....

....

*

Liverpool.

From the foregoing statement it will be seen that,. compared
with the corresponding week of last season, there is an increcus
in the exports this week of 40,151 bales, while the stocks to-night
are 57,868 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
Lambert. 60 Beaver street:
On

Sept. 24, at—

New Orleans
Mobile

Onarleston
8avannah
Galveston
New York
Other ports

Tota\
*

Great
Britain.

7,242
2,600
7,300
22,000

3,867

Shipboard, not cleared—for
France.

Other

Coast¬

Foreign

wise.

5,531

574

153

None.

None.

1,000

5,775
4,600
1,771

None.
450

None.
None.
200

4,500
4,310

Stock.

13,500
2,600
14,525
31,100
9,948

29,079

5.200

4.563
31,876
31,058
17,789
37,990

6,500

19,445

83,373

171.800

*

1,000

3,000
4,500

None,

None.

2,000

50.509

6,731

13,720

11.413

Included iu this amount are 1,000 bales at presses

the destination of which we cannot learn.

Leaving
Total.

for foreign ports!

CD

following is our usual table showing the movement of
the ports from Sept. 1 to Sept. 17, the latest mail

cotton at all

date:

$

e.
cd

O

20

m

Ck

CD CD

ai CD

B

a

03 -

p

1.

SEPT.

Ports.

W.Orlno

18,069

Mobile.

Char’n*

7,655
35,218

Sav’h..

56,235

N. York

53

Florida

72

N. Car.

Other..

5,953
21,511
4,575

Thisyr.

185,030

Norf’k*

Foreign

8,684

17,069

18,014
35,131

9,832

....

14,982

....

4,592

9,832

21.804

15,002

35 681

....

20

2
P'S
B

2,003

29,748
....

....

13,163

34,247

2,496

....

....

....

....

a..

84,794

10,687

2,516

97,097 188,140

26,581

1.567

45

28,193 104.852

large business this week in short notices

for

September, and it will be observed that these advanced while
other futures declined.
The total sales for forward delivery for the

UPLANDS.

week

NEW ORLEANS.

are

582,000

..

Wed

9ii*
9° 16

107J6

101316
U5ie
11Q16
niaio
1**16

9*8
93*
IOSq

9%
93^
1058

11

11
11 Lj

Ills
list

Mon. Tuea

Sat.

12

111B1«

123s

123a
125g
13ie
13%

123s
125a
13116 13%
13U16 13%

13*16
Frl.

133*
Wed

Th.

105a
11

11%

12

135s
Th.

11 Jl6

lliil6 11%

1“710 125a
121310 1319

9%
93*

9%
9;i«
9iii« 9%
10«io lOSg
101&16 11

113*

13

12*2

9

11%
11%

12

12

123a
125s
13%
13%

12516
12*16

Frl.

Wed

103s
103*
11*4
111?
1134
1218
123a

912
103s
10 34
III4
1112
113*
1218
1238

Midd’gFair 1278

127s

1312

1312

Fair

9

9

9

9

95s

95g

958

10^

95a

I0ie

10%

10%

9

9

912
1038
103t
11*4
11*2
Middling... 1134
Good Mid.. 1218
Btr. G’d Mid 1238

Strict Ord.
Good Ord..
Btr. G’d Ord
Low Midd’g
Str.L’wMid

TH.

IOISj
U’l6
mil-

IIR*!?
125,;6

9

.

Steady

Total

113a
1158

113s

1138

113s

1158
1178

115s
1178

113b
11^

1178

1 1

1178

1158
1178

1214
121$

12%
1218

12%
12%

12%
12%

12%
12%

12%
12%

1278

13

13

13

13

13

13

1318

133s

135q

135s

135a

1358

13%

115a
78

Mon Taes Wed

8151(J ^5l6 870
9%
9*16
9*16
10716 10716 1038
lll516 11516 11%

Ex¬

Gon-

port. eump.

nt't'n
69

700

448
880
1,123
729

54
407

1,240

600

2,729

5,019

669

;

574
94
900

on

The Sales

.

.

_

sit.

m

599
....

....

Th.

Frl.

81316

81316 81316
BJie 9%6 9716
10°i6 105io 10516
11316 113i6 H» 16

Total.

FUTURES.

Sales.

Deliv¬

eries.

1,091

89,000
974 117,500
2,023 116,700
1,429 90,100

Prices

4.300

653

90,000

1,300

2,247

78,700

1,400

8,417 582,000 11,800

actually delivered the day

pre-

Futures

Cl

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•

•

•

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1881, at 10 75.
1831, at 11 "72.

2
0*

7
0

a
55 ^
Srcn

25

$ Includes 200 for June, 1881, at 11*81.
T Includes 500 for Aug., 1881, at 11*50.

1K81. at

Orders—Saturday, 11*70;

Monday,

11*65;

Tuesday,

11*50; Wednesday, 11*65; Thursday, 11*60; Friday, 11*75.
Short Notices for September—Saturday, 11*41*11*43; Monday, 11*43
*11*45; Tuesday, 11*54; Wednesday, 11*40*11*61; Thursday, 11*54*
11*67.

following exchanges have been made during the week:

*11 pd. to
*39 pd. to
*38 pd. to
•36 pd. to

exoh. 100 Dec. for Jan.
exch. 2u0 Oct. for April.
exoh. 500 Oct. for April.
exch. 500 Jan. for Sept,

20th.

*35

pd. to exoh. 700 Jan. for Sept*

*05
*15
•41
*20

pd. to
pd. to
pd. to
pd. to

s. u.

The Visible Supply of Cotton,

telegraph, is

as

follows.

as

20th.

exch. 100 Jan. for Oot.
exch. 200 Feb. for Mar.
exch. 500 Dec. for Mar.
exch. 500 Dec. for Oct.

made

by cable and
are the figure#

up

The Continental stocks
Great Britain and the afloat

of last Saturday, hut the totals for
for the Continent are this week’s

returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figdres for to-night (Sept. 24), we add the item of exports
from the United States, including in it the exports of Friday only.

shown

by the follow¬
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bid*, in addition to the daily and total sales :
op

o

p .

CD

600

4,200

which they are reported.
and

p-b ;

O’ CT
Ct M

a. u.
....

to

-4©

The

Sp ce¬ Tran¬

The daily deliveries given above are

Tlooa to that

2.

OD

o

938
10%
1078

113s

SALES OF 8POT AND TRANSIT.

Thure Easier

H

as

’-i »

MM

9

95q
10%
10 78

MARKET AND SALES.

Fri.

CD

7

1-1
M

CD

p
B

MM

Frl.

10%

Middling

.

®

— *

M M

12*16
13%6
13i%6

1078

Good Ordinary
Strict Good Ordinary
Low Middling

.

to

P

c-t-

MM

9nio
10*26

107s

Sat.

Bat.. Steady
Mon Steady
Tues. Easy at %« dec..
Wed Steady at%6dec.

to

g‘
p-S

®

Zb.

c*p.7gd

©7

MM

9%Q

107s

STAINED.

SPOT MARKET
CLOSED.

B

P'*5

K*r

e-t-

o

Ordin’y.ftlb

7

to

0:
.

SU:

pas
CD

crg.g^cD
P-

Mi-*

63,0

O

115s
1178
1214

|

P-B

B* CD at £■
B
P

03 -

»— H-*

M

TEXAS.

Mon Tnes

Sat.

in on foe*

1138

CD

Zb

free on board.

9*8
958
1012
10 78

co

P

B

I
i*

n cd

®

H

B*CD as

3"p- r-t-

CD

the past week:

9*8

!
•

<t>

£0.

COOT

For immediate delivery the
total sales foot up this week 8,417 bales, including 2,729 for
in
export, 5,019 for consumption, 669 for speculation, and
transit.
Of the above, 1,263 bales were to arrive. The fol¬
lowing are the official quotations and sales for each day of

Strict Ord..
95s
Good Ord.. 10^
Btr. G’d Ord 1078
Low MiddV 1138
Btr. L’w Mid 11 ^8
Middling... 11 78
Good Mid
1214
Btr. G’d Mid 12*2
Mldd’g Fair 13
Fair
1358

to

sv-r

8.500

13,163

....

....

profits. There wa3 some effort on Tuesday morning to
check the decline, but with only momentary results ; On Wed¬
nesday, however, with less favorable weather reports, an active
demand sprang up, causing a material advance in values. Thurs¬
day was less buoyant—quite variable, closing irregular, with a
alight advance except for Sept.
This morning, with better
accounts from Liverpool, though in a great measure anticipated,
there was an advance, favored by the lowering aspect of the
vreather at the South, and for the later months the best prices
of the week were made, with a strong tone. Cotton on the spot has
been moderately active for export and consumption.
There was
a decline of 1-lGc. on Tuesday, with nominally an equal reduc¬
tion on Wednesday; but to-day the market was very strong, with
ft good general demand,
middling uplands closing at 11 %c.

Ordin’y.$tt>

•

G>
.

3,53*2
8,185

....

secure

Sat.

rt-

CD
•a

pit
5 »

47,008

the past week, an active speculation in cotton
for future delivery, at widely varying prices, an early decline
having been pretty nearly recovered. Prices gave way steadil y
(luring Saturday and Monday, under the return of better weather
at the South and the anxiety of the previous buyers to close out

Sept. 24.

.

7

There has been,

Sept. IB to

®

vt'r'

Under the head of Charleston is included Port Royal, Ac. under the head ol
Galveston is included Indianola. &c.; under the head of JSor/olk is included Cit'
Point. <fcc.

bales, including

(^3

©:

O

® CD

V

CP

o^gpSt*-*

....

....

....

....

120,907|

a

|

z>

®

M
00
00

^

CD

v

B a:

•

:

K*

s

rt-

2.613

TliereJias been

PC*

S3 xs

*

and

to

:

24,122

....

....

—.

....

34.716

....

....

CD

:

Qgg§
CD* P*

2.2- ■»
rj CD P*
B*CD » p
o

On

g.-.p o

e.&

<rT

25,753

....

....

....

5,636

Last ye ar

France.

16,738
5,205

31,076
1,347
1,193
3,921

35,639

Galv.*.

Britain.

Total.

£5®f

-'BOP

®

CD

Stock.

Other

Great

1879.

1880.

1 TO—

EXPORTED SINCE 8EPT.

receipts since

P C+*

^

® w
e-CD
®
® *
0?

o

a>

O* CD B

03

£7 CD ® &

B*g> ® 7*

P Zb

r—1-J

—1

o

—1 £3

—

CD ©

®

1—.

P Zb

—■ —

®

3

1

The

fVoL. XXXL

CHRONICLE.

rflE

332

Stock at Liverpool
Stock at Loudon

bales

1877.

1880.

1879

1878.

534.000

246,000

62,695

387,000
23,000

598,00*0

' 308,695

410,000

627,0

....

52,900

Total Great Britain stock.

586,900

29,000

September 25,

1880.
Stock
Stook
Stock
Stock
Stock
Stock
Stock
Stook
Stock

bales.

at Havre
at Marseilles
at Barcelona
at Hamburg
at Bremen..

at Amsterdam
at Rotterdam
. ...
at Antwerp
at other contl’ntal ports.

72,300

1879.

1878.

110,130

143,250
1,250

8,540

1,830

40,100

14,262

4.200
26.700
18.100

2,400
16.649
27,972

2,530

1,938

1877.
193,250
10.500
57.750
12.000
60.250

14.000
5,000
29.000
41,000
7,750

981

35,750
11.000

4,500

6.750

11,000

3,494

11,250

10,750

Total continental ports....

184,451

188,660

257,000

398,000

Total European stocks.. ..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe

771,351
90,000
126,000
17,000

497,355

667,000 1,025,000
149.000

34,894

153,891
47,016
3.653
197,305
16,182

12,000

1,000

Egypt,Brazil,&c.,aflt for E’r’pe

Stock in United States ports ..
Stook in U. 8. interior ports...
United States exports to-day..

255,173

130,000
16.000
17.000
126.690

29,000
6,000
170,723
20,578
1,500

1.326.495

American—

344,000
95,000

Liverpool stock

126,000
255,173
United States interior stocks..
United States exports to-day..

—

Egypt, Brazil, &c., afloat..

34,894
12,000

—

!

11,805

20,578
1,500

16,182
1,000
451,533

653,801

750.495

190,000
52,900
89,451

150,000

158,000

291,000

62,695

23,000

94,660

90,000

153.891

54,000
149,000

29.000
109.000
130,000

17,000

3,653

6,000

17,000

439,351
867,067

464,899
451,533

390.000
653,801

576,000

7i16d.

towns

receipts from

750,495

916,432 1,013,801 1,326,495
6%I.
O^d.
0^1.

figures indicate an increase in the cotton in sight to¬
night of 389,986 bales as compared with the same date of 1879,
an increase of 252,617 bales as compared with the corresponding
date of 1878, and a decrease of 20,077 bales as compared with 1877.
The above

Receipts at the Ports.

Week

ending—

23

5,337
3,732
4,083

30

3,671

16

•*.
41

Aug. 0
*»

13

44

20

44

II

14

3

15,784
26,750

10

47.431

24

2,809

3,272
2,503

.....

1880.

98,833

1878.

1879.

1880.

18,033

20,691
15,528
14,410

71,950

13,966
13,049

Rec'pts from PlanVns.
1878.

1879.

3,645
1,243

1,335

1,119

2,154

49,631

2,149

41,507

410

6,238
5,999
6,593
9,979
18,971

11,477 35,473
7,463 29,864
7,301 27,762
9,598 21,770
14,503 25,550

2,519

2,059
3,028
1,890

26.377

23,896

37,872

40,774

12,527
11,005

8.9S2

8.346

8.691
3,402
8,396
4,843
4,875 21,123
13,920 42,082
30,054 61,117
73,933 102,695
127,729 136,413

plantations.

Stock at Interior Ports

14,070
10,691
13,148
10,359

3,945

74,355

17

44

3,032

3,069
4,657
5,699

27

Sept.

1879.

1878.

9

July

126.690

867,067

L,306,418
Price Mid. Upl., Liverpool

29,000
170,723

follows307,000
289,000
16,000

229,000
203,000

96,000
94,000
47,046
197.305

the same
last year.
Receipts prom the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations, of that part of the crop
which finally reaches the market through the out-ports.
than at the same period last year. The receipts at
have been 5,042 bales more thaw the same week

more

11,805

916,432 1,013,801
1,306,418
Total visible supply
Of the aDove, the totals of Ame •ican and other descriptions are as

Total American
East Indian, Brazil, <&c

338

THE CHRONICLE.

1880. J

15,494

66,198
56,662

....

5,460

829

16,378

4,713
16,217

30,136
56,423

1880.

10.917

4,939
3,612
3,828
858

2,657
2,787
19,021
36,090
64,897

35,019
81,761 86,266 115,239
61,009 110,358 144,607 159,3.8

33,094

The above statement shows—
1. That the total receipts from the
1880 were 357,509 bales; in 1879 were

plantations since Sept. 1 in
282,109 bales; in 1878

278,678 bales.

were

2. That

the

receipts

136, 413 bales, and

were

at the out ports the past week
the actual movement from plantations

159,328 bales, the balance

being added to stocks at the

interior

Last year the receipts from the plantations for the same
week were 144,607 bales, and for 1878 they were 110,353 bales.

ports.

Weather Reports by Telegraph.—There has been less
preceding visible supply table we have heretofore only
the 7 original interior towns. rain almost everywhere this week. In portions of the Southwest,
the new interior towns for the
however, especially in Texas, there is still complaint from this
four years, we could not make a comparison in any other way.
But in general the outlook is more favorable now than it
That difficulty no longer exists, aDd we therefore make the fol¬ cause.
lowing comparison, which includes the stocks at the 19 towns has been for some weeks back.
given weekly in our table of interior stocks instead of only the
Galveston, Texas.—We have had rain on four days the past
old 7 towns.
We shall continue this double statement for a
week,
and it is raining now. We are having too much rain.
time but finally slialP simply substitute the 19 towns for the 7
The
surface
is thoroughly saturated, streams are overflowed, and
towns in the preceding table.
1877.
1878.
1879.
1830.
there has been no picking done for more than a fortnight.
American—
The
307,000
229,000
96,000
Liverpool stock
bales 344.000
has
not
rain
been
289,000
203,000
accompanied
by
wind,
and
consequently
there
94,000
95,000
Continental stocks
16,000
29,000
47,046
126,000
American afloat to Europe....
is very little complaint about open cotton being beaten out; but
126,690
170,723
197,305
255,173
United States stock
37,872
20,510
40,774
there is much complaint about sprouting and rotting of bolls.
61,009
United States interior stocks..
1,500
1,000
12,000
United States exports to-day..
The prospect is still, however, that if the rains cease we will
759,200
671,095
476,125
893,182
make more cotton than last year; but if they continue the pros¬
Tota American
In the

included the interior stocks at
As we did not have the record of

-

East Indian, Brazil, dec.—
Liverpool stock

291,000
29,000

190,000
52,900
89,451
90,000
17,000

150,000
62,695
94,660
153,891
3,653

3 58,000

149,000
6,000

130,000
17,000

Total East India, &c. /.
Total American

439*851
893,182

461,899

390,000

576.000

476,125

671,095

759,200

supply

1 ,332,533

London stock

Continental stocks
India afloat for Europe.

Egypt, Brazil, <tec., afloat

Total visible

23,000
54,000

109,000

941,024 1,061,095 1,335,200

pect is very

precarious. Caterpillars have

stripped the plant of

foliage in all the lower half of the State, notwithstanding the
vigorous application of poisons, and the opinion now seems to
be that if the season be wet caterpillars will devour the crop
despite all poisons that can be applied.
Colorado River have been tremendous,

The rains west of the

resulting in great dam¬

beyond the cotton region. Through¬
showery and cloudy, giving
the ground no chance to dry.
The thermometer has averaged
80, the highest being 87 and the lowest 72, and the rainfall has

age,

but have been worse

the weather has been

figures indicate an increase in the cotton in sight to-night
of 391,509 bales as compared with the same date of 1879, an
increase of 271,438 bales as compared with the corresponding date
of 1878, and a decrease of 2,667 bales as compared with 1877.

out the State

movement—that is the receipts
and stocks to-night, and for the
corresponding week of 1879—is set out in detail in the following

It^dianola, Texas.—We have had showers on four days and the
week has been cloudy, the rainfall reaching one
inch and twenty hundredths.
Rains have been very heavy west
and northwest of here.
Picking has been interfered with, and
much damage has been done by rotting of bolls and sprouting of
seed.
Average thermometer 83, highest 92 and lowest 73.
Corsicana, Texas.—We have had one shower, the rainfall reach¬
ing fifty hundredths of an inch, and the balance of the week has
been cloudy.
The ground is still too wet for picking, and there
some
is
complaint of damage. The thermometer has ranged from

These

At the Interior Ports the
and shipments for the week,

Statement:
Week ending Sept.

24, *80.

Receipts. Shipm’ts

Stock.

10,175

Augusta, Ga

Columbus, Ga....
Macon, Ga

Montgomery, Ala
Selma, Ala
Memphis, Tenn..
Nashville, Tenn..

4,136
4,205
6,222
3,682

5,612

.

7,908
2,732
3,696
3,298
2.077

2,166

5,573
4,800
3,733
5,753
3,420
10,783

542

392

832

34,574

22,269

34,894

Week

ending Sept. 26, ’79.

Receipts. Shipm’ts
7,933
3,079
3,089
7,483
6,988
25

935

Stock.

6,838
2,706
3,079
6,310
5,286

3,076
1.985
1,680
2,466
5,634

40
184

400
941

reached two and

fifty-three hundredths

inches.

balance of the

averaging 78.
Dallas, Texas.—It has rained on one

66 to 90,

day, a shower, and the
Picking
is making very
926
2,137
360
2,152
687
660
Dallas,Texas
400
500
500
369
poor progress, and there is considerable complaint of boll
143
Jefterson, Tex...
1,986
2,295
2,586
893
1,514
1,419
worms, caterpillars, rot, and sprouting.
Shreveport, La
On the whole crop
744
1,647
1,802
659
1,000
1,216
Vicksburg, Miss.
356
decidedly
less
favorable.
It
must
be remembered,
accounts
are
697
776
336
37
211
Columbus, Miss..
962
1,477 however, that the increased acreage in this section is thirty to
1,307
1,148
1,635
1,905
Eufaula, Ala.
100
250
300
1,103
1,130
1,834
Griffln, Ga
The thermometer has averaged 78, with an
2,629 thirty-five per cent.
2,797
5,176
8,111
2,387
7,045
Atlanta, Ga
731
1,537 extreme range of from 65 to 90, and the rainfall has reached
2,218
3,073
1,425
3,344
Rome, Ga
213
2,085
591
2,047
fifty hundredths of an inch.
3,008
2,899
Charlotte, N. C.
12,930
8.973
16,412
7,246
Brenham, Texas.—We have had rain on three days during the
2,809
4,382
Bt. Louis, Mo
1,294
973
1,336
857
1,264
1,079
Cincinnati, O....
past week, very unwelcome showers, and the remaining portion
24,592
has been cloudy.
Picking suspended in all but sandy lands and
24,460
36.249
26,115
15,527
26,137
Total, new p’rts
crop
accounts
less
favorable,
principally from rot and sprouting.
40,774
48,903
15.781
61,009
37,796
60,711
Total, all
Average thermometer 80, highest 91 and lowest 68, and rainfall
inch.
The above totals show that the old interior stock3 have ifiWaco, Texas,—There has been rain at this point on three days,
vreased during the week 12,305 bales, and are to-night 18,712 bales
Total, old ports.




29,532

24,443

16,182

rest

...

..

...

.

one

of the past

week has been cloudy.

331
lie rainfall

THE
reaching

CHRONICLE

inch and thirty-five hundredths. The
We are having too much rain
and much damage has been done.
Picking has been interfered
with and bolls are rotting and sprouting.
Westward and north¬
rest of the week has

one

COURSE

been cloudy.

THE LIVERPOOL

OF

Oar last

[Vot. XXXI.
MARKET, AUGUST 10 TO SEPTEMBER 8,

issued on the 10th nit. The market was
very steady during the subsequent week, and a fair business
was done without change of moment in prices.
Between the
ward rains have been tremendous and all streams out of banks.
17th and 23d there was a distinct improvement in the demand,
Average thermometer 79, highest 90 and lowest 66.
especially for near deliveries. There were visions of an August
New Orleans, Louisiana.—It has rained on two days of the
squeeze” and a September “ corner.” Operators who were
past week, the rainfall reactiing eighty-five hundredths of an ‘‘short” became alarmed, and prices were forced up to 7 3-16d.
inch. The thermometer has averaged 78.
on the spot, 7xAd. for
August and 7 5-32d. for August-SeptemShreveport, Louisiaria.—The weather was fair and dry the first ber. Meanwhile new crops did not rise beyond Q%d. to 6 7-16d.
part of the past week, but has been cloudy and rainy the latter During the interval an enormous business was done. Then
report

was

“

portion. Roads in fair condition. Average thermometer 77,
highest 80, and lowest 68. The rainfall is eighty-eight hun¬
dredths of

an

inch.

Vicksburg, Mississippi.—The earlier part of the past week the

reaction, which resulted in a decline of 3-16d. on the
near futures and 3-16d. to %d. for distant cotton.
The downward movement was helped by the greatly increased
receipts at the American ports, and by the indifference with
which the previous rise had been regarded by Manchester.
Since the opening of the current month there has been renewed
steadiness, and the current month’s deliveries have almost
recovered the discount between them and the spot quotations.
came a

spot, %d. for

weather was clear and pleasant, bu‘. the latter portion has been
rainy, rain having fallen on three days.
Columbus Missiteippi.—We have had rain on two days the
past week, the rainfall reaching fifty-eight hundredths of an
The thermometer has averaged 78, the highest being 86 Distant cotton has also hardened a little.
inch.
The confidence of
and the lowest 68. Over half the cctton here is open, and if
operators has been strengthened during the past day or two
rains continue great damage is feared.
by the receipt of unfavorable crop accounts, there being com¬
Little Rock, Arkansas.—The weather during the week has been
plaints of injury from excessive rains in the Mississippi Valley
disagreeable, with rain on three days to a depth of one inch and and from the ravages of worms there and in other districts.
eighty-one hundredths. Average thermometer 68, highest 87
The principal fluctuations in the prices of middling uplands
and lowest 56.
on the spot and for forward
delivery are shown in the following
Last week was cloudy—Sunday, Monday,
Tuesday and Wed¬ table:
nesday—with rain on Sunday, the rainfall reaching eleven hun¬
dredths of an inch.
Oct.Xov.- Dcc.- Jan.Average thermometer 66, highest 81 and
Spot. Aug. Aug.- Sept.Oct.

Sept.

lowest 51.

Nashville, Tennessee.—It lias rained during the past week on
one day, the rainfall
reaching sixteen hundredths of an inch.
The hermometer has ranged from 54 to 86,
averaging 69.
Memphis, Ten?iessee.—Rain has fallen during the week on four
days, to a depth of fifteen hundredths of an inch.
No reason to
change crop condition, except the extreme humidity, which
largely prevents picking and conduces to much rot in bottom
lands. The thermometer has ranged from 55 to 85,
averaging 70.
Mobile, Alabama.—The earlier part of the past week was clear
and pleasant, but the latter portion has been
rainy, the rainfall
reaching thirteen hundredths of an inch. The thermometer has
averaged 77, the highest being 89 and the lowest 64. Picking is
making excellent progress.
Montgomery, Alabama.—We have had no rainfall during the
week, and consequently picking has made fine progress. The
thermometer has ranged from 58 to 88,
averaging 75.
Selma, Alabama.—It has rained on one day, but the rest of
the week has been pleasant.
Picking is progressing finely.
Planters are sending their crop to market freely.
Madison, Florida.—There has been no rainfall at this point
during the week. The thermometer has ranged from 70 to 76,
averaging 73. The bottom crop of this section will be poor.
Picking is progressing finely and planters are sending their cotton
to market

Aug.

9

*•

Gi316
73i6

23
31

“

7

Sept. 8

Showing first

6%
7i4

G78

71ic
a

GHjg
7°32
7*32

Nov.

G1332

Gk

6?16
61532

6*4

6^8

6U32

Ucc.

G532
GII32

Gjjie

6932

Jan.

Feb.

6^32

6^32

6U32
G’*16
G932

63lG
6932

6H32

rise of %d. for spot, %d. for August, 15-32d.

for September, 5-16d. for September-October and 3-16d.
other positions; then a reaction of 3-16d. for

for

spots, %d. for
August and August-September, 5-16d. for September-October
and 5-32d. to 3-16d. for other positions; and
subsequently a
Tecovery of l-16d. for spots, %d. for September, 5-32d. for
September-October and 3-32d. for other positions. The net
advance for the month is therefore %d. on the spot, ll-32d.
for September, 5-32d. for September-October and %d. for
other positions.
In spot cotton, compared with the rates ruling a month since,
there is an advance in American of %d. for good ordinary, %d.
for low middling to good middling uplands, Mobile and Texas,
and 3-16d. for the same grades of Orleans.' In Brazils there is
an advance of l-16d. for Maranham and %d. to 3-16d. for Pernams and Maceio.
The only change in Egyptians is a reduction
of %d. in good fair white. In Surats there is an advance of
V&d. in “good” Broach; and a decline of l-16d. in “good”
Dhollerah, “good” Oomrawuttee, “fair” and “good fair” Comptah. In Bengals there is an advance of l-16d. for “good.”The principal quotations compare as follows with those of this,

freely.
Macon, Georgia.—There has been no rainfall du ing the past
week.
The thermometer has averaged 73.
Columbus, Georgia.—We have had no rainfall the past week. time last year :
The thermometer has averaged 80. Picking is
progressing finely.
Uplands.
►“H
Egypt'n. Broach. Dhoi.
Savannah, Georgia.—Rain has fallen on two days, the rainfall
Bengal
Years.
G. Fair.
Good.
G. F.
G. F.
G. O.
Mid.
reaching ninety-six hundredths of an inch, but the balance of
the week has been pleasant. The thermometer has ranged from
d.
d.
d.
d.
d.
d.
d.
€5 to 84, averaging 73.
1880
6*8
G78
514
7^16
G5i6 ■
49i6
8
Augusta, Georgia.—The weather during the week has been 1879
6^2
6*4
4%
G7e
7*8*.
5«ir,
warm and dry, and accounts are
good; but rain is needed. Pick¬
Showing a decline of %d in good ordinary uplands, but an
ing is progressing finely and planters are sending their crop to advance
of 3-lCd. in middling; a decline of %d. in Pernam,
market freely. Average thermometer 75, highest 87 and low¬
l%d.
in
Egyptian, 3-16d. in Dhollera and Bengal and an
est 55.
advance of l-16d. in Broach.
Charleston, South Carolina.—It has been showery one day
COURSE OF THE MANCHESTER MARKET, AUG. 9 TO 6EPT. 8.
during the week, the rainfall reaching forty-three hundredths of
For
about a fortnight after the issue of our last report the
an inch.
Average thermometer 75, highest 84 and lowest 62.
Manchester market was very firm, and prices advanced %d. to
The following statement we have also received by
telegraph,
showing the height of the rivers at the points named at 3 qklock %d. in yarn and l/£d. per piece in 8%lb. shirtings, in partial
sympathy with the upward movement in cotton. The high
September 23, 1880, and September 25, 1879.
Sept. 23, ’80. Sept. 25. ’79. prices asked, however, soon checked the demand, and when
Feet. Inch.
Feet. Inch.
cotton reacted, the advance in yarns and goods was promptly
Slew Orleans
Below high-watermark
12
1
13
lost. The final prices are about the same as those of a month
6
0
Memphis
.Above low-water mark...
4
since. In occasional instances there is a slight decline, but in
Nashville
...Abovelow-water mark...
1
0
1
7
3
others there is a slight advance. The new business done lately
Shreveport
Above low-water mark...
2
Vicksburg
Above low-water mark... Missing.
10
has not equaled the rate of out-turn at the mills, but the
New Orleans reported below high-water mark of 1871 until
deliveries and shipments made against forward contracts have
8ept. 9, 1874, when the zero of gauge was changed to high-water prevented any accumulation of stocks, and enabled producers
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
to resist any decline of moment in prices.
The Eastern demand
1871, or 16 feet above low-water mark at that point.
has not been so good during the past fortnight as it was during
Ellison’s Circular for the Month of August.—We have the first half of the month; but there has been more doing for
this week received the circular of Mr. Thomas Ellison, issued miscellaneous markets and a little more for the home trade.
MOVEMENT DURING THE SEASON, OCTOBER 1 TO AUGUST 31.
September 9, and are disappointed to find that our cable figures
The deliveries to English and Continental spinners during the
(published September 11) with regard to English spinners’ total first eleven months of the season
compare as follows with the
takings, and therefore total consumption, were erroneous. The figures for the corresponding months of last season:
aetual takings to September 1 were 2,729,840 bales, whereas our
Grent Britain.
Continent.
cable read 2,749,840—that is 20,000 bales of 447 lbs (or 22,000
1879-80.
1878-79.
1879-80.
1878-79.
bales of 400 lbs.) more than the actual takings. We especially
regret this, because it necessarily led us into the important No. of bales..
2,449,440
2,330,210
2,729,840
2,371,410
!

-

..

■■

.

l»ut erroneous statement that Mr. Ellison had added 22,0,00 bales
©f 400 lbs. each to previous months’ consumption. Of course, no
such addition was made. We have sent such directions to our

447
437
421
Av.wght (lbs)
Tot.wght(lbs) 1,220,238,480 1,036,306,000 1,031,214,240

Bales of 400
lbs

3,050,500

2,590,700

2,578.000

420

978,638,000
2,446,700

The average rate of cor sumption for Great Britain remains
liiverpool correspondent this week as will, we believe, enable us at about
65,000 bales of 400 lbs. per week, making about
to detect any error in future should one be made. Below we
260,000 bales for the past four weeks; but about 10,000 bales
were saved by the holidays in connection with the Oldham
^givc in full Messrs. Ellison & Co.’s circular;




.

September 25,

THE CHRONICLE

1880.]

3b5

**

wakes,” &c., leaving 250,000 for actual consumption, and
making, with the 2,775,000 bales previously consumed, a total

of 3,025,000 bales for the first eleven months of the season.
The rate of consumption on the Continent we still estimate at
52,000 bales of 400 lbs. per week, but it may be a little more. At

52,000 lbs. per week the consumption for four weeks would be
208,000 bales, and these added to the 2,276,000 previously con¬
sumed give 2,484,000 bales as the consumption for eleven
months.
On the basis of the
foregoing estimates, the movements for
the forty-eight weeks were as follow in baits of the
uniform

weight of 400 Its.:

Year

Monthly
Receipts.

1879.

Sapt’mb’r

333,643
888,492
942,272
956,464
647,140
447,918
264,913
158,025

October..
Novemb’r

Decemb’r

January
February.
.

March...

April....
May
June

Great Britain.

Continent.

July
August...

-

1879-80.
Bales.

Surplus stock Oct. 1.
Deliveries to.Aug. 31

Supply
Consumption

in

1878-79.
Bales.

27,000

1879-80.
Bales.

Surplus st’k Aug, 31.

Corrct’ns.

35,000
2,590,000

94,000

3,050,000

117,000

2,578,000

2,447,000

3,077,000

2,025,000

2,672,000

2,564,000

48

weeks

1878-79..
Bales.

3,025,000

2,550,000

52.000

75,000

-

2,484,000

2,390,000

188,000

174 OOO

COTTON SHIPMENTS FROM INDIA.

The following account of the exports of cotton from all India
in the first half of this year and last is from Messrs. Wallace
& Co.’s report:
1880.

1879.

Britain

Bombay

Kurrachee
Calcutta

Rangoon

Madras
Tuticorin

Masulipatam
Total

Conti¬
nent.

Total.

Great

Britain

Conti¬
nent.

332,151 433,020 765,171 228,238 304,620 532,858
15,457
4,087 19,544
5,824
8,381 14.205
93,384 21,845 115,229 109,417 41,503 150,920
1,006
4,297
5,303
4,862
2,905
7,767
13,399
1,284 14,683 11,204
3,549 14,753
5,884
2,500
8,384 18,804
2.000 20,804
574
4,152
4,726
4,503
1,386
5,889
465,433 467,607 933,040 382,852 364,344 747,196

We have nothing really new under this head to add to our
observations of a month ago. For the immediate future the

market will continue in a more or less artificial
condition, in
consequence of the scarcity of the medium and better grades
of American, which are in good demand
both for consumption
and for declaration against
contracts; and it may be that prices
will experience a further advance
during the course of the
current month. So far, there are no
signs of what is termed a
“
corner,” inasmuch as 44 contracts” are still lower in
price than
“

spots.”

The late rise in prices is due, therefore, more to the
than to the operations of
speculators; and
the present quotations for the better
grades of American would

action of
"

consumers

have been witnessed even if less business had been done in
A different state of
futures.
things would have existed if
spinners had used a smaller proportion of the higher grades,
which are scarce, and a larger

proportion of the lower grades,
which are plentiful; but it is evident that
they have not found
it compatible with their
requirements and engagements to
adopt this policy. Whether a corner shall be established or
not before the end of the month remains
to be seen. Every¬
thing depends upon the extent to which September deliveries
are oversold, and on this
point it is impossible to speak with
authority. Meanwhile, spinners are purchasing as little cotton
as possible,
which is only another way of saying that they are
rapidly using up their surplus stocks. Business in Manchester
is also
similarly temporarily circumscribed. This putting on of
the brake, so to speak, will, no
doubt, moderate tne advancing
tendency of prices for the time being; but will not the removal
of the brake also moderate the decline when the
squeeze is over ?

Touching the probabilities

of supply and demand for the new
season, we can only repeat what we stated last month,
that with good trade a crop of 6,000,000 bales will be namely,
wanted,

779.237

892,664
616,727
564,824
302,955

166,459

110,006

84,299

88,455
54,258
67,372
42,714

29,472

reoeipts Aug. 31

..

Corrections
Total port receipts..

93,491

578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142

13,988
18,081

20,240
34,564
52,595

458

1875.

236,868
675,260
901,392

169,077

610,316
740,116
821,177
637,067
479,801
300,128
163,593

787,769

500,680
449,686
182,937
100,194
68,939
36,030

92,600
42,234
29,422
33,626
71,985

17,631

14,462
66,293

1874.

134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
17,064
13,524
9,709

4,345,645 4,038,141 4,191,142 3,497,169

9999

9879

98 33

98 23

99 72

0001

01-21

01-64

01-72

00-28

10000

100-00

10000

10000

10000

This statement shows that up to
Aug. 31 the receipts at the
ports this year were 554,396 bales more than in 1878-79 and
656,037 bales more than at the same time in 1877-78. The receipts
since September 1, 1880, and for the
corresponding periods of
the five previous years have been as follows.
1880.

5,669

44

3....

10,512

4....

6,474

“

5....

S.

6....

14,751
9,315
8,616

“
“

7....

44

8....
9....

“
“
44

44
44

44
44
44
44

44
44
44
44

44
44

10....
11....

12....
13....

14....
15....
16....

17....
18....
19....
20....
21....
22....

23....
24....

Total

1879.

5,037

2....

“

44

PROSPECTS.

288,848
689,264

1876.

Pero’tage of tot. port

Sept.l
Total.

1877.

Total year 5,001,672 4,447,276

44

Great

.

Beginning September 1.

1878.

3,490
1,848
1,391
2,264
4,927

2,104
8.

5,454
5,124
4,878
4,353
7,636
7,069

11,096
10,862
15,646
8.

20,342
15,117
13,999
16,191
20,900

1878.

8.

8.

1,246

4,799
4,224
7,116
4,108

616

8.

13,115
7,341
6,258
7,932
8,537
10,714

1,701
1,655
8.

3,085
1,398
3,108
1,664
2,524
2,459

8.

14,955

30,306
20,049
17,749
19,484
30,355

17,032

26,420
23,729
21,382

18,579

9,470

321,443

209,520

195,381

56,947

8.

8.

04-18

7.538

5,063

8.

4,109

13,925
10,417
10,361
9,876

3,555
2,735

6,340
4,049

17,905

04-39

8.

8,923
4,788
7,752
6,085
7,899

8.

12,112

8.

13,538

Percentage of total
p*rt reo’pts Sept. 24.

4,630
2,996
3,414
3,111
3,982
4,708

754

18 470

8.

8.

1,008

15,628
12,215
12,995
11,071

15,127
10,425
10,032
11,125
16,933
11,302

1,913
1,691

8.

4,051

01-31

1875,

1876.

408

5,708
,

[

1877.

8.

139,667
03-46

.

1,064
1,38C
1,734
1,407
8.

3,764
3,228
3,116
3,621
3,928

3,137
8.

7,119
6,512

5,417
5,404
6,209
5,327
8.

8,845

6,821
8,173
8,149

10,015
104,370
02-49

This statement shows that the
receipts since Sept. 1 up to
to-night are now 111,923 bales more than they were to the same
day of the month in 1879 and 126,032 bales more than
they
were to the same day of
the month in 1878. We add to the last
table the percentages of total
port receipts which had been
.received to September 24 in each of the years named.
India Cotton Movement prom all Ports.—The
figures
which are now collected for us, and forwarded
by cable each

Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our
previously-received
report from Bombay, to furnish our readers with a full and

complete India

movement

Bombay statement for the
down to September 23.
.

for each

week.

week and year,

We

first give the

bringing the figures

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR
YEARS.

Shipments this week.

Shipments since Jan.

1.

Receipts.
lower average range of prices than that Year Great
Conti¬
Great
Conti¬
of the past season.
This
Since
We may observe, however, that, if any¬
Total. Britain
Total.
BriVn. nent
nent.
Week.
Jan. 1.
thing, it appears less certain now than it did a month since that
the crop will reach 6,000,000 bales; while it
1880 1,000
1,000 356.000 483,000
839,000 1,000 1,080,000
appears more 1879
249.000 341,000
certain now than it did then
590,000 7.000
792,000
(owing
to the brilliant wreather for 1878 i‘6o6
i‘,6*0*6 309,000 392,000 701,000 3,000 853,000
the home harvest, and the favorable accounts of
most of the 1877
1,000 1,000 376,000 409,000
785,000 1,000
996,000
Continental crops) that we shall experience a
good
state
of
According to the foregoing, Bombay appears to show a decrease
trade throughout the season.
compared with last year in the week’s receipts of 6,000 bales, and
Gunny Bags, Bagging, &c.—Bagging has been taken
quite an increase in shipments of 1,000 bales, and the shipments
freely, though the parcels have been mostly for present wants. since January 1 show an increase of 249,000 bales. The move¬
There is a firm tone to the market, and holders are not
offering ment at Calcutta, Madras, Tuticorin, Car war, &c., for the same
except at full figures, and are now quoting 10/£c. for 1% lbs., week and years has been as follows.
ll%c. for 2 lbs. and 12%c. for standard graaes. Butts have not
CALCUTTA, MADRAS, TUTICORIN, CARWAR. RANGOON AND KURRACHEE.
©een very active, there
being only a few orders in market, and
there is a disposition shown to accept
Shipments this week.
Shipments since January 1.
lower figures. The sales
Year.
Great
Jre
600
bales
at 2%@3%c., according to quality, and these
Conti¬
Great
Conti¬
Total.
fcgures are quoted at the close.
Total.
Britain.
nent.
Britain.
nent.
Comparative Port Receipts and Daily Crop Movement.— 1880
1,000
1,000
200,000
80,000
280,000
A.
1879
comparison of the port movement by weeks is not
2,000
1,000
3,000
199,000
104,000
303,000
accurate,
*8 the weeks
1878
114,000
in different years do not end on the same
58,000
172,000
1877
day
of
the
i*,6*o*6
i,6*0*6
79,000
51,000
x&ontb.
130,000
We have consequently added to our other
standing
tables a daily and monthly
statement, that the reader
The above totals for this week show that the movement from
const&ntly have before him the data for seeing the exactmay
relative the ports other than Bombay is 2,000 bales less than same week
Movement for the years named.
The movement each month of last
For the whole of India, therefore, the total
year.
Nflce Sept. 1 has been as follows:
shipments this week and since January 1, 1880, and for tha

though probably at




a

periods of tlie two

corresponding weeks and
follows.

as

EUROPE FROM ATX

EXPORTS TO

Shipments

alt Europe
from—

to

280,000

3.000

2,000 1,119,000

3.000

893,000

1,000
1,000

Bombay
All other

p’rts.

Total

1,000

regard to New York,
cleared up to Wednesday

night of this week.

701,000
172,000

Nbw York—To

Total bales*.

Liverpool, ner steamers Malabar,

873,000

Annot Lyle, 67
To Havre, per steamers St.
779
To Bremen, per steamers

Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt.
The following
are the receipts and shipments the past week and for the corre¬
sponding weeks of the

Charleston—'J'o Liverpool, per steamer

Receipts and

1880.

This
week.

900

Since

This

Since'

This

Since

Sept. 1.

week.

Sept. 1.

week.

Sept. 1.

.

Boston—To Liverpool, per steamers Canopim, 575
Parthia,
349
Brazilian, 39
Iberian. 356
Pharo, 371
San Francisco—To Liverpool, per ship Cashmere, 29 (foreign)..

18,000

16,500

7,784

Dilston Castle, 4,485

Upland and 46 Sea Island

Pedro, 500

arranged

particulars of these shipments,
form, are as follows:

To Continent

Total Europe
"

1,078

a. earner

shows that the receipts

This statement

Sept.
were

12,000

for the week ending

New York
Now Orleans
Charleston

■

Manchester

Manchester

Market.—Our report received from

....

OotVn
32# Cop.

8*4 lbs.

Ttcist.

Shirtings.
R.

d.

6
6
6
6
6
6
6

7*2®7
7*s®7
71u®7
7^2*7
7^®7

93a®10*4
9 3e ® 10 *4
9*4®10*8
9*8® 978
9*8® 97e
9 *4® 10

July 23
30
6
Ang.
44
13
44
20
44
27
3
Sept.
44
10
44
17
44
24
«•

9*8® 978
9*8® 978 6
9*8® 978 6
9*8® 978 6

®7

9
9
9
9

®7
®7

lipids

Total

CoWn
Mid.

Shirtings.

TJplds

9
9
9
9
9

7

71i«
'3i«
7h«

4^

1*2®7
l*a®7
1*2®7
1*2®7

6
6
6
6
878®9*2 6
878®9*2 6
878®91a 6
878®912 6

8^®9*4
8^®9*4
8%®9*4
834®93a

613i«
*6i3lft
6l3l«
7*ig
7316

®7
®7
®7
®7
®7

3
3
3
3
3

87e®91fl (6

4*2
4L>
4*2

65,

6
6
G
6
6

6i»i«
6i3ia
615io
6®i*

Week

the total reaching 20,042

Sept.
i.

Total to Great

Havre
Other French

1

since

22.

Sept. 1.

year.

8.

30,025

45,449

Britain 10,768 12,071 14,779 15,701

45,449

30,375

350

968

199

1,804

1,794

3,797

1,764

968

199

1,804

1,794

3,797

1,764

50

675
406
119

682
540
71

1,534

2,891
1,861

20

1,200

1,296

2,547

ports.

Hanover

Hamburg
Other

Sept.

period
prevVus

Total

10,768 12,071 14,779 15,701

Total French.
Bremen and

Sept.

ports

Europe

50

Spain, Op’rto, Gibralt’r,&e

200

Total to North.

915
98

The Following are the

receipts of Cotton at

Philadelphia and Baltimore for the past
September 1, 1*880.

Boston,

Boston.

New York.

Receipts
from—

This
week.

Since

Sept. 1.

N. Orl’ans
Texas....

7,725

4.560
15 151

Savannah

5,591

13,846

Mobile...
Florida.
S Car’linu

50
554

*66
7,478

1,354
4,510

3,199
12,135

123
37

263
90
443

.

NCar'limt

Virginia..
North, pts
Tenn..

&c.

717

Foreign..

This
week.

| Since
Sej)t. 1.

Since

*709

‘*7*0*9 i’,i*67

**9*34

1,553

1,152

1,655
1,655

1,750

12:30 p
20

l

•M.J

Mid. Upl’ds
pl’de
TU8.
Mid. Orl’ns.

32,159

2*04*4

171

0
250

2,825

5,105

5,572

*

132,910

68,537

3,305!

6,527!

727

2,921

4,932

1,145* 1,2481

h*

°8
*3

°8

30

10,353

2,315

916

*3

88®lll«

58®1116

*2
30

30

30

....

....

....

have the following
that port:
57,000
40,500
5,500
3,100

48,000

46,500
31,500
5,300
1,460
5,600
3,300
617,000
399,000

37,500
3,600

558,000
356,000

12,500
115,000

1,270
4,200
4,800
597,000
379,000
32,500
17,000
119,000

38,000

53,000

78,000

40,500

-

Sept. 24.

Sept. 17.

Sept. 10.

1

6,900

3,800
19,500
17,500
133,000

48,000
30,5004,300
2.6G0
5,‘200
2,900
534,000
345,000
25,500
19,000
154,000
100,000

Tuesday.

Wcdnes.

Easier.

Weak.

un¬

Quieter.
7*8

•7B16

"

7*8

7*16

7*16

I
j

6,000
1,000

8,000
1,000

Quiet.

d.

7*6 ®332
62332

Oct.-Nov

Sept

7132® *16
.-.-6H16
.6*2
6716
...

mos.;

1

10,000
1,000

10,000
3,000

Quiet.

Steady;
offerings

7132
0716

firm

free.

for late.

Liverpool for the same week are given
basis of Uplands, Low Middling clause*,
Saturday.

Delivery.

d.

Oct.-Nov

6i732

Nov.-L>ec

.61 *>30

d.
6l032*

Delivery.

'

Dec.-Jau

Monday.

Delivery.
Mav-Jnne

Feh.-Mar

67i6
dlbs2

Mai*.-Apr

6*2

Sept.-Oct—

038

Apr.-May

Dec.-Jan

Apr.-May

6sj«

.Oil’s?
63*32 ®1*16-.

Tuesday.

Delivery.

Delivery.

Sept.-Oct.. .....6*132
Oct.-Nov

7*4

6,000
1,000

Delivery.

Delivery.

Nov.-Dee

t

£-i-iMuM ^®

7*16

7*16
7*4

Wk for n’r

Steady.

Flat.

The actual sales of futures at
below. These sales are on the
unless otherwise stated. -

!

CO

1

8pec.& exp.

Sept
Sept.-Oct

Friday.

r

1,00C

Sept
Sept.-Oct

inq.
freely
supplied.

changed.

7,000

5 p. M.

Thursd'y.
Mod.

Quiet

and

*799 1*171
1,966

*2

....

Delivery.
2,795

*3

*3

Futures.

Since

"825

739
®1«® ^

910

*3

....

8ale8

Market,

Baltimore.

2,954

*4

*4

732
916® °8
*3

30

Saturday Monday.

Spot.
Market
it,

i*,i ’ii

Fri.

Thurs.

38® ll16

....

*8

53,729

916

®8
*3

11ie

....

e.

29

each day of the
of spot cotton, have

New VTork,

This

91«

....

111Q

Sept. 1. week. Sept. 1

*

57,231




This
week.

5,282
2,671
1,690

^

The tone of the Liverpool market for spots and futures
week ending Sept. 24, and the daily closing prices
b°en as follows:

week, and since

Philaelclphia

„

*3

*3

=8

°8
....

Delivery.

This year 120,661
Last year

54,289

•

•

stock—Estimated

Market
ket.
5 p .m.

11.986 13.470 17.879 20.042

Grand Total

732
91G® ®8

3g

Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American

200

&c

732
916®5P

....

bales.
Sales of the week
Sales American
Of which exporters took ....
Of which speculators took..
Actual export
Forwarded

291

5,043

Wcdnes.

Sept. 3.

Total

m

98

*4

....

os

•

Tties.

516®%

....

d.

Total*

20,042:

been as follows:

Liverpool.—By cable from Liverpool, we
the week’s sales, stocks, &c., at

All other
Total Spain,

Jfon.

^8

•

usual

19.484
4,531

•

1,534

915

900

9,578

statement of

Same

ending—

c.

Baltic, steam
Do
sail

17,8 <9 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1880, and in the last columa the total
for tbe same period of the previous year.
Exports of Cotton (bales) from New York sincb Sept. 1.1S80.

20

....

3a

Amst’d’m, steam.c.
sail...d.
Do

63a

1,690

....

....

....

sail...d.

Do

•

•

....

....

...»

Hamburg, steam, d.

6»i«

•

•

.

40,704

e.

sail

Do

63#

•

•

•

1,690

Bremen, steam, .c.

6*2

900

'm

5,282
2,671

saiL.-d.
sail

1,534

915

m

freights the past week have

Do

6*is

4*2

m

our

Rotterdam.
98

4,531

Liverpool, steam d. b1G®38

Do

2,671

*

burg. men.

Rouen.

7,784

29
.

Cotton

bales, against

Liverpool
Other British ports.

.

15,701
10,800

1,794

Havre, steam—c.

d.

d.

d.
s.
4 *2® 7

d. 8.
6*3ig 8*2®9*8 5

9

®7
®7

Imported to—

.

Havre.

Satur.

8*4 lbs.

d.

d

d.
9
9
9
9

s.

9

32# Cop.
Twist.

Mid.

compared with last week,

increase, as

.

.

Baltimore
Boston
San Francisco.

but

.

pool.

1879.

1880.

d.

..

Savannah

to-day states that the market is dull and prices are nominal
unchanged. We give the prices of to-day below, and leave pre¬

d.

.

in

JIam- Bre-

Liver-

the shipments to all Europe

150 cantars and

23 were
974 bales.

500

2,650

1.000

1,828

974

9,000
3,000

400
100

2,650

1,000

750

500
474

4,531
5,282:

00, i

xu Lai

The

Exports (bales)—
To Liverpool

915
98

10,800

per

Savannail—To Liverpool, per steamer Airy, 5,282 Upland
Feder¬
Baltimore—To Liverpool, per steamers Manuela, 798

5,000

10,000

150
150

This week....
Since Sept. 1

1,534

ship Alice M.

3,881

bark Annie Burr, 900

ico, 1,373

Receipts (cantars*)—

1,794

Wieland, 399
Commander, 2,250

Miuo»t, 3,903

1878.

1879.

steamer Alverton,

To Rouen, per

previous two years.

Alexandria, Egypt,
Sept. 23.

Orator, 3,250

Gallego, 5,300
To Havre, per

15,701

K. B. F. .Wilhelm,

To Hamburg, per steamers Suevia, 516
To Rotterdam, per steamer Scheidam, 98
New Orleans—To Liverpool, per steamers

Alexandria

•.

Laurent, 1,015

Main, 222
Hoheuzollen, 212

1,100

Bes¬
Nevada,
per bark
Ville de Alger,
5,434

Adriatic, 763
Algeria, 1,194

1,952
England, 813
Britannic, 2,764
2,714

sel,

all India ports.

to date, at

years up

1,000

23, and for the tliree

the week ending Sept.

total movement for

Since
Jan. 1.

This
week.

590,000
303,000

839.000

the same exports reported by
the Chronicle last Friday.
With
include the manifests of all vessels

are

1878.

Since
Jan. 1.

This
week.

Since
Jan. 1.

This
week.

reached
concerned, these^
telegraph, and published in

So far as the Southern ports are

53,729 bales.

INDIA.

United

exports of cotton from the
per latest mail returns, have

Shipping News.—The
States the past week, as

previous years, are

1879.

1880.

[Yol.xxji.

CHRONICLE.

THE

336

Nov.-Dcc
Dec.-Jan
Jan.-Feb

Mar.-Apr

1

6%
03s

.6*D32

Sept
Feb.-Mar

Mar.-Apr

6*2

7
6Jf39'
67i&

September

d.

Delivery.
d.
d.
Nov.-Dee
6*^8
(>38'®l?32 I Dec.-Jau
638a>1:{32
615ie I Jan.-Feb
66*32
ti2132 1 Mar.-Apr
6716
(57i6 I
I

Delivery.

[

tfsigo

I Feb.-Mar

Sept
,--t>1532 I Sept.-Oct

Oct.-Nov
Nov.-Dee
Dec.-Jan

6H32
OH32

I

Oct.-Nov
4

Thursday.

Delivery.
t)is16 | Nov.-Dee
61332 |
6llje Jan.-Feb
64332 1
CI032 I Mar.-Apr. GL2®1732® ^ I
|

Delivery.
\Sept
Sept.-Oct
Oct.-Nov

Delivery.
June-.Tuly

61032

..67ie
6i532

Dec.-Jan
Feb.-Mar

Friday.

Delivery.

Delivery.

Delivers.-

-Sept
...Gi^i*?®1*^
Sept.-Oct. ..611®2332 | Feb.-Mar —......0*2
'.6I032
. Apr.-May
....6»i«
Oct.-Nov
'©kl® 1~32 May-June... 61832®®8
6%
Nov.-Dee
6I032 Sept.-Oct
.

..6"is

6io32

Mar.-Apr

...6 *2
Gks
6H32

Dec.-Jan
Jan.-Feb
Feb.-Mar

.

Deo.-Jan

--6V

Oct.-Nov

6I032

Jan.-Feb

1

there

was no

M., Sept. 24, 1880.

somewhat irregular and

change.

The wheat market has been

declining pretty steadily of

and at time3 the downward course
sales

late,

of prices has led to large

but latterly the transactions for foreign
have been moderate, and speculation, which in the fore

for export;

account

....

Cleveland..
St. Louis...

....

416,705 2,635,596
109.655
40,300
229,680
599,594
4,709
223,851
21,000
116,700
95,020
402,057
190,925
22,575
59,000
177,600

31,487
43.337
850

6,433
....

....

2,664
36,795
865

Peoria
Duluth

1,580

....

1,813,723

grade. There have been sales latterly of old No. 2 Chicago
spring in store at $1 05, and No. 2 red winter has sold at $1 06/£
<@$1 0Q% on the spot, $1 06^@$1 0Q5/s for September,
$1 06%@$1 07/6 for October and $1 08/4@$l 08^ for November;
while No. 1 white has sold at $1 08@$1 08/6 on the spot and
To-day the market was rather stronger,
but closed flat; choice white sold at $1 10% and choice red
winter at $1 11; No. 2 red winter closed at $ 1 08% for October ;
No. 1 white $1 08/6 on the spot, $1 08 for September and
$1 06/6 for October.
Indian corn has also declined, but there has been a good busi¬
ness at the lower prices, especially within a day or two ; and
yesterday, after an active business for export and on specula¬
tion, the market closed firm. No. 2 mixed has latterly sold at
50%(§)51c. on the spot, 51 /4c. for October and 52]4@52%c. for
November. To-day the market was slightly easier; a boat-load
$1 06% for October.

Grain.

No. 2
Winter

$ bbl.
superfine
Spring superfine
Spring wheat extras.,

'do XX and XXX...
Winter shipp’g extras,

do XX and XXX...
Patents..
Western ‘*rye mix"...

City shipping extras.
Southern, bakers’ and
family brands
South’u ship’g extras.
Rye flour, super tine..

Com meal—
Western, &c...

Brandywine, Jtc....

3 7s

3
3
4
4
4
6
4
3

35 dr
85®
40®
10 w
50®
00®
50®
90®

3 45 | Wheat—
4 < *0
No. 3 spring, $ bu.$
1
No. 2 spring
3 75
4 25
Red winter
6 25
Rod wiuter, No. 2 1
1
White
4 40
6 50 Corn—West, mixed
Wost’n No. 2
8 25
West, yellow
5 25
West, wnite
5 50

Rye
5 25 ® 6 50
4 65 (v 5 09
4 50® 5 00
2 60®
3 20®

3 00
3 25

Oats—Mixed
White

Barley—Canada W.
State, 4-rowod...
8tate, 2-rowed...
Peas—Can*da,b.«fef.

®

04
95

®1 06
® l 11

06’-a®l 06%
®1
00
w
50
505«®
51
cu
50
®
®
91
40 ®
43
®
85
®
85
•

81

(From the “ New York. Produce Exchange Weekly.")

\

98

95

®
'©

101*
51
51
56
53
94
46
47
95
90

.

95

614,741 486.966 169,164

inclusive
1877.

1878.

3,992,758

3,010,255

Wheat

bush.

50,543,608
114,750,663
24,912,043

62,897,025
72,006.357
22,037,849

57,732.333
74,619,639
23,397,442

25,424,122
61,421,906
16,450,802

3,694,776
2,262,743

3,262,322

5,032,249
4.187,769
3,650,831
4,036,697
Total grain.... 196,168,830 164,874,620 164,432,497 111,521,296
Total receipts (crop movement) at the same ports from Aug. 1
to Sept. 18, inclusive, for four years:
3,920,567

Wheat
Com
Oats

1877.

bbls.

960,416

844,500

1878.
796,099

776,413

bush.

17.597,883
24,069,415
6,884,631

22,899,150

23.725,346

15,132,597

16,217.611

18,751,311
5,804,935
1,468,585

870,389

5,675,782
l,47n.830
1,350,78 L

22,115.487
9,736,401
2,101,393
1,591,525

50,511,355

47,623,18 4

59,270,157

42,257,197

1879.

1880.
Flour

1,089,037

Barley
Rye
Total grain

....

1,096,770

Comparative shipments of flour and grain from the same
ports from Jan. 1 to Sept. 18, inclusive, for four years:
1878.

1877.

bbls.

3,248,761

4.939,313

4,034,193

3,181,738

bush.

49,283,046
98,012,087
20,113,921

55,554.831
64.897,606
16,544,236

42,772,789
63.618,706
16,047,397

22,221,988
54,165,034
12,462,765

1879.

1880.

Flour
Wheat
Corn
Oats

2,091,498
2,645,546
2,721.184
1,845,331
Total grain
171,374,143 142,562,236 127,251,570
93,340,664
Rail shipments from Western lake and river ports for the
2,507,754
3,057,810

2,030,989
2,934,100

Barley
Rye...

—

-

k

-■

...

■

.

....

■ ■

....

weeks ended:

Wheat

1879.
Week

1878.
Week

1377.

Sept. 18.

Sept. 20.

Sept. 21.

Sept. 22.

387,023
243,149
245,888
96,137

bblf.

104,504

112,878

bush.
i....

460,362
514,232

578,168
285,396
251,466
139,923

Flour

Corn....!

1880.
Week

747,618

Oats

185,894
56,130

Barley

Rye

Week

108,205
194,631
296,918
467,567
107,371

89,820

15,641

21,921

43.849

994.118 1,082,128

1,299.302

1,914,236

Total

shipments from same ports for last four weeks :
Wheat,
Corn,
Oats,
Barley,
Rye,
ending—
bbls.
bush.
bush.
bush.
bush.
bush.
Sept. 18...133.343 1,630,300 2,291,870
762,<<95 155,894 88.350
Sept. 11...134.361 1,731,200
2,404,175 822.779
74,8<*1 123,036
Sept.
4...134,502 1.849,543 3,310,268 993.9S5
58,048 111.517
Aug. 28... 143,855 1,708,128
3,710.559 984,925
44,146 118,074
Rail aud lake
Week

Flour,

Tot.,4 wks.551,061 6,919,171
4 w’Ks’79. .564.095 11.416.947

Wheat,
Corn,
Flour,
bbls.
btish.
bush.
103,708 1,075,135 1,263,450
66,107
19,800 239,557
40,000
3,200

*.

ir.o

orvn noo

18.435

362,200

-i -

i

JL

Philadelphia.....

*

i.

.

16.474 * 557,400
8,033 412,023

Baltimore
New Orleans..*...

231,110
Total week
Cor. week ’79.... 250.994

And from Jan. 1 to

4.493.993 1.898,989 314,010

OVlf

500

2,100

8,967 58,991
29,8 77 190,094

Sept. 18, inclusive, for four years:
1877.

1878.

1879.

6.336.289

5,032,039

88,270,593
.109,1741419
16,830,122

'95,751,817
81.646.156
15,492,1*2

71,468,394
82,237,753
17,08 1,809

16.746.350
64,752,699
13.333,002

3,444.304

1.533,612

bush.

grain

t

1,500

a. / u ♦ O * JL

7,371,175

1.359,914

1,601.567

1,809.535
2.979.130

217.239.615

193.079.160

Barley
Rye
Total

Ut

212,800 90,100
99,900 25,300
164,424 15,670

7,057,263

bbls.

Wheat
Corn
Oats

Oats, Barley,
Rye,
bush.
bush.
Imsh.
208,350
5.450 55,094
154,450
1,500
500
2,500
ooa
t o.io
xirr

2,636,481 2,1.97,002 497,712

1880.

F.our

368.674 725,792

seaboard ports for the week

Receipts of flour aud grain at
Sept. IS:

At—
New York
Boston

332.889 440.977

11.716.872 3.563.784
8,057,655 2.991,000

ended

Exports from United States
Sept. 18:

2,557,2/7

176.792.537

2,282.697

93 653,360

seaboard ports aud from Montreal

for week ending

Flour,

Wheat,

bbls.

bush.

4

Fi'om—
New York
Boston

98,314
26,483

992,226

Portland
Montreal

13,941

255,625
301,319

Philadelphia..
Viltimore
New Orleans..

6,126
10,378

486.328

Total for w’k 155.535
Same time ’79. 155.3G3

2,814,765
5,382,310

The visible supply
at the

Oats,

Rye,

bush.

bush.

bush.

bush.

7,327

27,493

9,791

.493
37.125

40

344.527

10,815

31,946

207,201

40
200

84

26

108.6)9

713,412

145

.

Peas,

Corn,

1,538.07 ?

65,325

......

......

196,271

2.749,38 >

1.323,536

27.493
8,196 170,516

18,122

41,321
3,696

of grain, comprising the stocks in granary

principal points of accumulation at

Receipts of flour ail grain at Western lake and river-ports* ports, and in transit by
i follows:
for the week ending Sept. 18, 1880 :
*




44,100

4,539,439

.

,2 70 rt

14,500

328,400

1879.

1880.

if

Flour.

2,500
13,320

4,329,778

dllMlI/lCill

Rye, after showing some decline, has latterly ruled firm.
Yesterday there were moderate sales at 95@96c. on the spot
and for September; but to-day was dull and depressed, with car¬
loads selling at 91c. Barley more active; two boat-loads of
six-rowed State sold at 86@90e., to arrive.
Oats have fluctuated widely, with a brisk trade—mainly on
speculation. Yesterday prices were back to about the quota¬
tions of a week ago, but the market was much less active.
To-day there was a sharp decline, No. 2 mixed closing ac 44c.
on the spot, 33%e. for October and 38 %c. for November.
The following are closing quotations:

500
11,200
186,400 113,225

9,489

bbls.

Portland

of No. 2 white sold at 52%c.

43,085
23,150

Flour

_____

part of the week was active, has within the last few days shown
some falling off.
There has not been that activity in Spring
wheat which was so noticeable last week, and the transactions
in white winter have been restricted by the scarcity of that

689,899 86,925
51,900 167,505
51,684
1,834
9,894

ports from Ja:i. 1 to Sept. 18,

Total receipts at same
for four years:

Rye,

Barley,

bush.
bush.
bush.
(32 lbs.) (48(65.) (56 lbs.)

3.276.230 1,329,377 3S4.489 135,644

Total
124.011 1,90S,737
Same time ’79. 133,157 3,433,814

Barley
Rye

unsettled market
for flour during the past week. Prices have not varied mate¬
rially, but there have occasionally been slight concessions. The
export demand has on the whole been moderate, but a fair de¬
mand from the home trade has been noticeable, the business
being largely in city mill extras, the production of which is said
^to be sold ahead for some little time. The export demand has
been mainly for South America and the West Indies. To-day
There has been a

...

Milwaukee.
Toledo
Detroit

:jorn
Oats

BREADSTUPPS.
Friday, P.

At-

Chicago

bush.
(56 lbs.)

bush.
(60 lbs.)

bbls.
(196 lbs.)

Oats,

Corn,

Wheat,

Flour,

Wednesday.

Delivery.
Sept
Sept.-Oct

337

THE CHRONICLE

25, I860.]

lake and seaboard

lake, rail and canal, Sept. 18 was a

THE

338
In store at—

STew York
Do. afloat (est.).

Albany
Buffalo
Chicago

Wheat,

Corn,

bush.

bush.

Oswego

156,323
196,000

1,036,869

310,085

74,482

6,700

276.869
50,000

2,782

5,598

2.633
58,000

80,000
521,397

259,632

39,313
16,195
48,562

7,732

1,080,686

338,344

13.625

189,900

253,500
164,403
1,381,803
460,362

1,644,000

75,500
43,689
260,251
514,232
2,408,000

1,712,000

2,973,000

Peoria

Indianapolis
Kansas City
Baltimore
On rail
On lake (est.)
On canal (est.)—

The

importations of dry goods at this port for the week ending
Sept. 23, 1880, and for the corresponding weeks of 1879 and
1878, have been

as

follows:

ENTERED FOR CONSUMPTION FOR THE WEEK ENDING SEPT.

1878.

32,000

Boston

Philadelphia

3,080

95.605

13.861

Toronto

Montreal

5,171

19,500
3,987
55,549
92,590

72,000
25,000

1,288,147

8t. Louis

62,550

149,000
53,700
2,240
50,019
13,333

46.323

1,337,000

1,305,892

Milwaukee.

17,256

2,215,339

[VOL. XXXI.

Importations of Dry Goods.

Rye,

bush.

bush.

564,000
16,000

54,000
1,472,337
4,134,889

Barley,

bush.

3,287,758
427,673

Duluth
Toledo
Detroit

Oats,

CHRONICLE.

50,273

3,819

19,848

45,724
3.000

15.352

490

42,827

5,537

3,259

168,350
36,000
30,623
......

747,618
36,000

Total Sept, 18, ’80 15,419.985 17,303,970 1,484,594
Sept. 11, ’80
15,147,013 18,700,809 1,513.861
Sept. 4,’80
14,715,497 19,011,298 1.625,853
14,405,380 19,183,342 1,591,960
Aug. 28, ’80
Aug. 21, ’80
14.536,688 16,788,059 1,329,882
Sept. 20, ’79
17,366,050 11,942,589 2,218,370

2,133

79,326
1,000

1,051

Value.

Pkgs.
Manufactures of—
Wool
Silk
Flax

754
978
555

Miscellaneous
Total

975

186,102
114,549

3,794 1,320,485

Pk/is.

4ol,135

1,072

194,415
501,026

1880.

Value.

Pkgs.

$
324,393

834
673

Cotton

1879.

23, 1880.

964

1,171
1,004

253,654
700,553
208,255

819

144.997

618

5,041 1,716,594

4,226

WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.

Value.

386,882
297,098
609,081
162,083
163,046
1,618,190

1,007
916
721

THE

MARKET DUR¬

......

135,894
38,000
68,000

524.950
334,215
264,407
255,896
186,646
730,375

56,i*30

Manufactures of—

48,000
84,000

Wool
Cotton
Silk
Flax
Miscellaneous

627,026
651,672
573,613
665,744
463,890
905,656

581

218,414

501
138

1,671
3,794

57,333
1,929
487,340
5,041 1,716,594

1,043

Ent’d for consumpt.

52,317
80,684
71,734
47,162
470,311
1,320.485

194,898
38,466
125,403
71,240

789

213
97

Total

5,465 1,790,796

6,970 2,203.934

365
415

Total
on

market...

172
367
751

305,053

361
277

104,699
217,342
139,399
55,912

615

822,405
3,085
4,226 1.618,190
7.211 ',440,595

ENTERED FOR WAREHOUSE DURING SAME PERIOD.

THE DRY GOOD3 TRADE.
Friday. P. M„

Sept. 24, 1880.

Manufactures of—
Wool
Cotton
Silk....

276
110

82

....

There has been lessened

activity in the dry goods market the

185
338

Flax

Miscellaneous

107,460
28,057
62,629
52,857
43,212
294,215

334
.

139

149
426
272

135.778
40,650
113,616
101.779

619
246
262
979

17,071

420

246,322
68,143
213,584
124,651
38,977
691,577

past week, but the volume of business was by no means unsatis¬
Total
991
438,894 2.526
1,320
factory, a more than average trade having been transacted by Ent’d for consumpt. 3.794 1,320,485 5.941 1,716,594 4,226 1.618,190
Total at the port... 4,785 1,614,700 6,361 2,155,488 6,752 2,309,767
paekage houses and jobbers alike. There was a steady demand
at first hands for moderate parcels of goods adapted to the fall
Imports of Leading Articles.
The following table, compiled from Custom House returns,
and winter trade, but operations were almost wholly governed
by immediate wants, and there was not the least tendency shows the foreign imports of leading articles at this port since
toward speculation. The jobbing trade exhibited less buoyancy January 1, 1880, and for the same period in 1879:
| The quantity is given in packages when not otherwise specified.]
than of late, but there was a very fair movement in staple and
1879.
1880.
1879.
1880.
|
department goods, and sales were probably larger in the aggre¬
AcMetals,
Ac.—
China,
gate than at a like period in former years. There was an im¬ China
15,320
11,514 Lead, pigs.
42,507
9,576
41,148
29,442 Spelter, lbs 4.880,479 1,335,003
proving feeling in the cotton goods market, accompanied by a Earthenw
Glass
356,558 Steel
531,836
59,445
405,306
slight advance in prices of brown cottons; but clothing woolens Glassware.
34,184 Tin, boxes. 1,234.722 1,066,321
40,122
Glass plate.
3,506 Tinsibs.jibs 20,752,937 11,361,494
5,199
remained quiet, and there was only a moderate inquiry for
Buttons
10,202
7,582 Paper 3tock.
244,560
107,218
other descriptions of woolen goods.
45.935
42,140 Sugar, hhds,
Coal, tons...
23,778 tcs., &bbls.
32,899
530,186
542,954
Domestic Cotton Goods.—The exports of domestics during Cocoa, bags.
Coffee, bags. 1,799,916 1,670,474 Sugar, boxes
the week ending September 21 were comparatively light, having Cotton,bales
10,179 and bags... 2.522,784 1,158,410
5,247
Tea
616,772
Drugs,
&o—
581,168
been only 941 packages, which were shipped as follows : Great
31,274 Tobacco....
27,140
55,501
35,275
Bark, Peru.
934
23,815
14,032 Waste
388
powd.
Britain, 365 ; Hayti, 241; Havre, 65; Venezuela, 53 ; Central Blea.
Cochineal..
2,858 Wines, &o.—
3,196
37,276 Champ’gne
America, 48; British North American Colonies, 41; U. S. of Gambier
83,187
baskets..
4,169
5,128
107,907
Gum, Arab79,501
Colombia, 40, &c. The tone of the cotton goods market was Indigo
4,438 Wines
5,966
159,760
131,982
2,075 Wool, bales.
1,081
90,648
38,679
obviously firmer, and while such makes of brown cottons as Madder, &c
34,595 Reported by
39,173
Oil, Olive..
852
value.
Appleton R and XX, Boott M and C, Lawrence LL, Mystic Opium
$
1,409
$
12,905 Cigars
9,152
934,880
Soda,
bi-cb.
1,089,376
River, &c., were advanced %c. per yard, agents declined to
42,371 Corks
46,181
95,123
52,734
Soda, sal...
76,469
730,985
52,872, Fancy goods 1,030,150
accept orders for various makes of brown and colored cottons Soda, ash..
2,146 Fish
Flax
5,060
387,970
345,635
save “at value” on the date of delivery.
There was a fair Furs
9.886
6,733! Fruits, &c.—
663
lemons
2,114
1,435,639 1,095,265
hand-to-mouth demand for all seasonable makes of plain and Gunny cloth
Hair
3,360 Oranges
10,132
1,369,654 1,449,796
colored cottons by package buyers; and the jobbing trade, Hemp, bales
135.208
Nuts
640,038
186,611
468,059
Raisins
666,875
&c.—
443,179
though less active, was of considerable proportions. Print Hides,
Bristles
1,065 Hides, undr. 17,504.439 7,918,664
2,423
3,931 Rice
6,371
Hide8,dr’8d
cloths ruled active and strong at 4c. for 64x64’s and 3/£c. for 56
251.818
245,247
India rubber
49,807
34,215 Spices, &c.—
x60’s. Prints were in steady request and ginghams continued Cvory
\
1,289 Cassia
1,814
202,911
228,407
98,377
1 Ginger..
112,583
active; but price concessions were found necessary in order to Jewelry ,&c2,049 Pepper....
Jewelry...
2,688
472,996
388,802
502 Saltpetre...
772
move accumulations of figured cotton dress goods.
Watches
292,874
234,868
Linseed
308,1141 Woods—
379,830
Domestic Woolen Goods.—There was little, if any, improve¬ Molasses....
72,099
491,727
363,191
78,757j Cork
Fustic
64,064
96,224
ment in the demand for men’s-wear clothing woolens at first Metals, &o—
3,589 Logwood
5,681
Cutlery
649,969
532,837
4671 Mahogany.
950
hands, but a fair business in heavy-weight fabrics was reported Hardware...
186.772
141,842
by jobbers. There was some inquiry for spring cassimeres,
Exports of Provisions.
worsted coatings, &c., by the clothing trade, but transactions
The following are the exports of provisions from New York,
were unimportant because samples are not generally shown by
Boston, Baltimore, Philadelphia, Montreal, Portland and New
manufacturers’ agents as yet. Cloakings continued quiet, but Orleans, for week ending Sept. 25, 1880, and their distribution :
there was a steady inquiry for moderate parcels of repellents.
Pork, Beef,
Lard,
Bacon,
Cheese,
Tallow,
To—
bbls.
lbs.
bbl's.
lbs.
tbs.
lbs.
Kentucky jeans were in irregular demand, but leading makes
114
163
97,200
818,900
229,320
of heavy doeskins were more sought for by interior jobbers, London
757
832 1,671,000 5,562,164 2,207,250
Liverpool....
95,700
*

.

.

.

..

,

..

..

.

...

....

..

.

.

..

.

.

..

■

were taken in small parcels to a fair
amount, and prices ruled steady. Carpets were in moderate
request, and there was a fair hand-to mouth demand for worsted
dress fabrics, shawls and skirts. Shirts and drawers were slug¬

flannels and blankets

gish, and price concessions were freely offered by agents in
order to quicken their movement.
Foreign Dry Goods.—There was a moderate demand for

imported goods at first hands, and a fair business was reported
by jobbers. Dress goods were in steady demand, and there was
a fair inquiry for fine black and colored silks and satins; but low
grade silks were so quiet in private hands that continued large
offerings were made through the auction rooms with poor
results. Millinery goods were in steady demand, and there was
a, light inquiry for linen and white goods, embroideries, laces
And imported woolens.




178

Glasgow

Hull

•

Bristol
Newcastle...
Havre

Marseilles.

..

Hamburg....
Bremen

•

•

•

75
179
....

310
38
14

Antwerp
Rotterdam...
Stettin

-..

Dantzic

Italy
’
Medit. Counts
Brazil
S. & C. Amer.
Cuba

502
16
27
150
3

1,127,920

176
16
25

1,503,450
199,250
452,400
560,000
376,000
57,600
3,200
160,200
149,095

....

....

....

....

229

38

65
772

West Indies..
British Col...
Other count’s

1,2761
433

Total week..
Prev’s week

5,017

3,468

5,030

2,854

.

583

485,100

285

....

712,720
660,250

922,080

582.850

245,282

299,825
7,600

....

10
21
369
468
367

Hayti

45,000
100,500
95,000

52,200

831,250
263,150
4,200

55;ooo
22,400

38,100
55,000
392,540
90,000

25,800

221,825

351,975
225,625

566,000
22,000

55,000
1,200
21,421
136,950

2,927

35,712

6,158

2,261

222,380
6,400

39,166

18,578
119,088

1,623,880

22,921

1,589

2,222
5,339
1,442,050
3,466,178
11,789,398
8,273,076
3,589

5.210,986! 10,724,820 4.086.142 1.512J04