Full text of Commercial and Financial Chronicle : September 6, 1879, Vol. 29, No. 741 [Copy 2]

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xnmt
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES

VOL.

NEW

29.

YORK, SEPTEMBER

Financial.

Anversoise,

Antwerp.
Paid-IJp Capital,

• -

N PHFLPS
jamks stokes,
ANSON PHELPS STOKES.
I

WALL

45

DRAW

BOARD OF DIRECTORS :

ST.,

R. A. Lancaster & Co.,
BANKERS AND BROKERS,
66 BROADWAY, NEW YORK,
Co.,
dxalsrs in

&

BANKERS,'

ALFBin Maooisat (Graff*: Maqulnay), Vlce-Pres
I). Von skr Bickk (B. Von der Becke).
Otto Guntiihr (Cornellle-David).
Kmilk de Gottal.
Ad. Frank (Frank, Model & Cle.)
Aug. Nottebohm (Nottebohm FrereB).
Fb. I»h vms (Mlchiels-Loos).
Joh, Dan. Fuhrmann, Jr. (Job. Dan. Fuhrmann).
Loiris Weber (Ed. Weber & Cle.)
Jules Rautbnstbaucu (C. Sclimld & Cle.)

P.

Potter, Prest.

BOUIHERN SECURITIES A SPECIALTY.
LOANS NEGOTIATED.
ALLOWED ON DEPOSITS.

BILLS ON LONDON.

BUT COMMERCIAL PAPER AND BILLS OF EXCHANGE

SPECIAL ATTENTION GIVEN TO
FUNDING VIRGINIA AND NORTH
CAROLINA STATE BONDS.

TRANSACT GENERAL DOMESTIC AND FOREIGN BANKING BUSINESS.

Hilmers,McGowan & Co

MAKE CABLE

J.

A

BUSINESS.
Eddy,

J. J.

££F

TRANSFERS.

Cashier.

GOVERNMENT BONDS.
Special attention given to

COLLECTIONS, and

prompt remittances made on day of payment.
Correspon-

Boston business paper discounted.
dence invited.

Co.,

Bankers and Merchants,

No. 63

BANKERS,

&

No. 13

Foote,
WALL STREET

SULROAD IXTESTMEXT

MISCELLANEOUS SECURITIES.

&

A. H. Brown

Co.,

bankers and brokers,
T Wall

Cor.

St.,

New, New York.

SECURITIES;

Transact a general banking and brokerage busiin Railway Shares and Bonda and Government

er

ecurities.

and

Equipment of Railroads undertaken.

Sand, Hamilton

Issue Commercial and Travelers' Credits available
In all parts of the world. Draw Time and Sight Ills
on the Union Bank of London, and on the Credit
Lyonnais, at Lyons or Paris. Make Cable Tr«'<- «r

Gharles G. Johnsen,
IHIiUtllVM AND BANK*
ISO QRAVIER 8TRBET,
1.

K A N

>

,

I.

BANKERS,
CEDAR STREET,

Government Bonds and Investment
H.

Securities.

FEED. A. BIOWS.

BEOWN.

&

BANKERS,
New

Co.,

11 Pine Street,

COMMISSION.

R.T.Wilson

i

&

Co.,

BANKERS AND COMMISSION MERCHANTS
2 Exchange Court, New York.

L. Grant,

BROADWAY,

K.

(ITT RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
Bee quotations of City Railroads In this paper.

H. W. Rosenbaum,
Exchange Place,

61

&

Trask

Francis,

TO Broadway

&

16

New

St.,

New York

Transact a General Banking Business.

STOCKS, BONDS and GOLD Bought and Sold OS
Commission, and carried on Margins.
Deposits Received and Interest Allowed.
Accounts of Country Banks and Bankers ra

fW

celved on favorable terms.

Coleman Benedict & Co.
STOCK AND BOND BROKERS,
92 BROADWAY.
Stocks, Railroad Bonds, Government*, and

all

Se-

curities dealt in at the New York Stock Exchange
bought and sold, either for Investment or on margin,
in lots to suit, on commission only.

Jas. McGovkkn, JbColeman Benedict,
Member N. Y. Stock and Mining Exchanges.

BUYS AND SELLS

RAILROAD BONDS A\D STOCKS.

B. F.

Blakeslee,

ALL CLASSES OF INVESTMENT AND MISCELLANEOUS SECURITIES NOT ACTIVELY
DEALT IN AT THE NEW YORK 8TOCK EXCHANGE A SPECIALTY.

BOND AND STOCK BBOKEB,

and information cheer-

Special attention paid to investment orders lot
miscellaneous Stocks and Bonds.

Correspondence

K

Co.,

In addition to a General Banking Business, bay and
sell

W ALSTON

NEW TORK.

WALL STREET, NEW YORK,

<l

62

&

York.
BANKERS AND BROKERS.
NKGOT1A
GIVEN
TO
THE
ATTENTION
SPECIAL
2 Nassau Street, New Tork.
TION OF
STOCKS AND BONDS BOUGHT AND SOLD ON
RAILROAD SECURITIES.

No. 146

BANKERS,

NEW

Com

WalstonH.Brown&Bro.

H.
to.

Kountze Brothers,
12

York.

BANKERS AND BROKERS,

No, 45 Wall Street,

Interest allowed on deposits.
Investments carefully attended

Gilman, Son

COMMERCIAL PAPER NEGOTIATED.

Gwynne & Day,
Established 1S54.]
f

New
2,S«.)

hills.

Collect Coupons and Dividends;

NEGOTIATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.

INVESTMENT SECURITIES.
Special attention to business of country banks.

IX

Special attention paid to the negotiation of

BUT AND SELL

GOVERNMENT BONDS, GOLD, STOCKS AND

63 Wall Street,
0?. O. BOX
merclal

All business relating to the Construction

Hatch

BROKERS

FOBEIGN EXCHANGE,

WILLIAM STREET,
New York,
BUY AND SELL

BOSTON,

IN

&

Kennedy

S.

Maverick National Bank,

DEALERS

RAILROAD & MISCELLANEOUS SECURITIES
Bought and Sold on Commission.
Virginia Tax-SeceivabU Covpont Bought.

NEW VOHK,

J.

Aba

Flrst-Class Inveslment Securities.
GOVERNMENT BONDS, STATE, CITY, COUNTY,

INTEIIEST

Fbltx Gkisab, President.

TRANSACTS
GENERAL BANKING

741.

Financinl.

Phelps, Stokes

9,000,000 Fraucs.

NO.

]879.

iiiaiuial.

I

Banque
Centrale

6,

fully furnished.

solicited

333

MAIN STREET

(HILLS BLOCK),

HARTFOKD, CONN.

;

:

THE CHRONICLE

ii

Vol.

XXIX

Foreign Exchange.

Canadian Bank*.

Foreign Bankers.

Drexel, Morgan & Co.,
WALL STREET,

Bank of Montreal.

Nederlandsch Indische
Handelsbank,

CORNER OF BROAD, NEW YORK.
Drexel & Co.,
No. 84 South Thibd

Drexel, Harjes

St.,

&

Co

Boulevard UausBmann

31

CAPITAL,
SURPLUS,

XEW YORK

Circular Letters
of the world.

A

Noa. 59

Credits.

for

OFFICE,

WALL STREET.

61

Travelers,

)

ATTORWKTS AMD AGBNTS Of

Messrs. J. 8.

MORGAN A

H

ST.,

No.

OLD BROAD

CO.,

LONDON.

No. 59

&

Brothers
WALL ST.,

N.

Co.,
IT.,

London

dollars for use In the United States and adjacent
countries, and In pounds sterling for use In any part

of the world.

THEY ALSO ISSUE COMMERCIAL CREDITS

MAKE CABLE TRANSFERS OF MONEY BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.

& W. Seligman & Co.,
J.
BANKERS,
59 EXCHANGE PLACE,
CORNER BROAD STREET. NEW YORK.
Issue Letters of Credit for Travelers,
Payable In any part of Europe, Asia, Africa, Australls
and America.
Draw Bills of Exchange and make telegraphic transfers of money on Europe and California.

COMMISSION MERCHANTS
Bank of British
AMSTERDAM, HOLLAND
North America, N. Y. Correspondents.—
BLAKE BR08. & CO
No. 52

PARIS.

CO.,

STERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS A CO., LONDON.
ClRODLAB NOTBS AND CREDITS FOB TBAVBLBRS.

S.

WM. LAWSON.

G. C. Ward,
AGBNTS FOB

BARING BROTHERS

4c

COMPANY,

52 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.

The Nevada Bank
OF SAN FRANCISCO.
New York Agency, 62 Wall Street

}

Capital, paid np,... $10,000,000 Gold.

Merchants' Bank

Surplus,

CANADA

J.

Stuart

&

Co.,

J.
NASSAU STREET.
BILLS OE EXCHANGE ON

C. T.

JOHN HAMILTON.
JOHN MCLENNAN,

HEAD

ESQ.

do
d»

change, Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Drafts
issued payable in Scotland and Ireland, and every
description of foreign bunking business undertaken.

(LIMITED).

LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California

Imperial Bank of Canada NEW YORK
H. S.

$1,000,000.
HOWLAND, President ;D. R. WILKIE,

HEAD

;

"LIMITED;"

MANCHESTER, PAYABLE IN LONDON

CATHARINES, PORT COLBORNE, ST. THOMAS
TNGERSOLL, WELLAND, DUNNViLLE, FERGUS.
AgentB In London
Bosanqukt, Salt & Co.,

Lichtenstein,

BANKERS,
Exchange Place.

all

principal cities of Europe.

SPECIAL PARTNER,
DEUTSCHE BANK, Berlin.

$6,000,000.
1,700,000.

IGNATX STEINHART. managers.
L1LIENTHAL. Cashier.

Credit

Execute orders for the purchase or sale of Merchandlse. Bonds, stocks, and other securities. In the
United States, Europe and the East make Collections,
buy and sell Foreign Exchange, and glye advances
upon Merchandise for Export.
OLIVER S. CARTER, 1 Agents

STANTON BLAKE,
HENRY E. HAWLEY,

Office,

1,

i

for

J

America.

New

Co.,

STATE STREET, BOSTON.
County and Railroad Bonds

F.

H. Peck,

BANKER AND BROKER
Wo. 7

EXCHANGE PLACE,

BOSTON.

&

Stackpole,
Parjcer
BANKEBS,
No. 78 DEVONSHIRE STREET,

1879.

142 Pearl Street

&

BANKERS

State. City,

Netherlaud Trading Society

York, January

Chas. A. Sweet
40

ESTABLISED 1824.
Patd-np Capital, 36.000,000 Florins.
($14,400,000, Gold.)]

Nbw

Boston Bankers.
I

DEALERS IN GOVERNMENT SECURITIES, Gold

;

YORK.

Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Lett 4ri Of

P. N.

|

OF HOLLAND,

Knoblauch

NEW

-

New York

Handel-Maatschappij,
Tlie

Oh

In

Nederlandsche

AND BRANCHES;

CABLE TRANSFERS AND LETTERS OF CREDIT

Agents

Foreign Bankers.

NATIONAL BANK OP SCOTLAND,
ALSO,

I

Bank of Montreal,
93 Lombard street.
59 Wall street.
Promptest attention paid to collections payable In
any part of Canada.
Apnroved Canadian business paper, payable in gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.

BELFAST, IRELAND;
AND ON THB

St., cor.

-

St.

Sehgman A Co.

Transact a general banking business. Issue Commercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favorFRED'K F. LOW.
able terms.
!„..„.„

ST.

ULSTlXR BANKING COMPANY,

William

& W.

Cashier

OFFICE, TORONTO.

:

MANCHESTER A COLNTY BANK,

&

Agents, J.

Authorized Capital, Paid up and Reserve,

Capital,

Dealers In American Currency and Sterling Exchange-

SMITH, PAYNE A SMITH'S,

EDINBLTKG,

New York,' The BANK ef NEW YORK, N.B.A

Anglo-Californian Bank

Agents.

JR.,

do

THE

New York Agency, 48 Exchange-place.
HARRIS,

PAYNE & SMITHS.
UNION BANK OF LONDON.

Bankers, London, SMITH,

Comp'y.
NEW YORK— The Bank of New York. N. B. A.
The New York Agency buys and sells Sterling Ex-

B.

Agents.

;

Manager.

BANKERS:
LONDON, ENG— The Clydesdale Banking

JOHN

I

graph and Cable. Gives special attention to Gold and
Sliver Bullion and Specie, and to California Collections and Securities and arranges to pay Dividends
on such securities at due dates.

OFFICE, MONTREAL.

GEORGE HAGUE, General Manager.
WM. J. INGRAM, Asst. General

CHKISTENSEN,

GEORGE

"

J

33

BANKERS, LONDON

3,300,000

L. BKANDEK,
Issue Commercial and Travelers' Credits available
In any part of the world. Draws Exchange, Foreign
and Inland, an 1 makes Trans. ers of Money by Tele,

85,461,790 Paid Up.

Capital,

Bbakohbs:

&

(invested in

U.S.Bonds)

OF

HENRY HAGUE,

&

G.

California Banks.

Commercial Credits Issued for use in Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
rates; also Cable Transfers.
Demand Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MAOTAV1SH, J Agents.
.„„„,.

Co.,

No. 8 Wall Street, New York,
No. 4 Post Office Square, Ronton.
CHEQUES AND CABLE TRANSFERS ON

MCNROE &

Messrs.

WALL STREET.

Vice-President,

&

BANKERS
AND

THE

ACiENCV OF

President, the Hon.

John Munroe

Adolph Boissevain & Co.

No. 9 Blrchln Lane.

Office,

C<f.,

Agents for North America,
84 wall street, new yokk,
88 state street, boston.

on and make collections in Chicago and throughout
the Dominion of Canada.

Issue, against cash deposl ed, or satisfactory guarantee of repayment, Circular Credits for Travelers, In

AMSTERDAM.

BLAKE BROTHERS A

Buy and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers' Credissue drafts
its, available in any part of the world
;

Brown

IN

Soerabaya and Samarang.
Correspondents in Padang.
in Batavia,

Issue commercial credits, make advances on ship
menta of staple merchandise, and transact otbe.
business of a financial character in connection with
the trade with the Dutch East Indies.

«-„..
Waltbb Watson, J *»•»»•

C. F. SMITHEKS,

all parts

available In

($4,800,000 Gold.)

HEAD OFFICE

General Manager

Agencies

Deposits received Buhject to Draft. Securities, Gold.
Interest allowec

Cable Transfers.

ANGUS,

in 1803.

Pald-Up Capital, 12,00'>,000 Guilders

President.

R. B.

Ac. nought and Bold on Commission.

on Deposits. Foreign Exchange. Commercial

AMSTERDAM, HOLLAND.
Established

GEORGE STEPHEN,

Pari*.
Philadelphia.
DOMESTIC AND FOREIGN BANKERS.

$12,000,000, Cold.
5,500,000, Gold.

•

York.

BOSTON.

f September 6,

THE CHRONICLE.

1879.
|

Financial.

Boston Bunkers.

&

Brewster, Basset

Co.,

52 William

Co.,
York.
Purchase and

Huston, iUaaa.
Commercial

Dealers In Stocks. Bonds, Gold and

oaper.

Board

»t Brokers

factions, and 1'rlvate Sale.

<

investment Securities eonstjuittv on

&

RANKERS,
.Street, Vew

CONGRESS STREET,

Orders executed on Commission

Financial.

Paton

Jesup,

BANKERS,
No. 35

in

hanrt.

on Commission.

sell,

GO VKK.N.M EST.

STATE. MUNICIPAL ami KAII.IIOAD BONDri
s>i,<l nl
clasx-sof Securities di-alt In
at the NEW YORK STOCK EXCHANGE, or all

Accounts and Agency of Banks. Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest rollootod and remitted.
Act as agents for corporations In paying coupons
and dividends, ulso ns t runsfer agents.
Bonds, stocks and securities bought and sold on

und STOCKS,

commission.

TnOMAS

I

reputable Securities bought and mid

MARKET.

LOANS

negotiated.
check.

and

WILLIAM
BOUDEN.

'

II.

II.

Ueome

uao. w». Bau.hu.

U. Holt,
N V. Stock Exchange.

Member

.

Geo.Wm.Ballou&Co
6

WALL STREET,

New

DEVONSHIRE

IS

HATCH,

FRANK JENKINS

No. 69 Wall Street,

NEW

Curtis,

III

BOSTON.

YORK,

134 Pearl

70 State Street

Street.

&

GOSSLER

Co.,

International

lino,

II,

Rank

of

Stanton D. Loring,

HAMBURG.

BANKER AND BROKER.
No. 51 STATE STREET,

No. 43 Exchange Place,

RAILROAD BONDS.

Baltimore Bankers.

A,

&

Wilson, Colston

Co.,

BANKUKS ANai BROKERS,
ll:U'riX.OKK.
INVESTMENT and VIRGINIA SECURITIES

I

Correspondence

solicited

and

Information

COEKESPONrmvTS — McKIm R^oth^r. *

Bell
J.
STOCK

ST.),

Southern Bankers.

P.

NEW YORK HOUSE
43

&

BANKEBS,

allaha.ua.

;

C. A.

W.M.

Stock Exchange.

Buys and sells on commission all Georgia securiOoueoMonfl solicited.
Corresponds with and refers to American
Exchange National Bank.
I'erinu Brown. Prat, W. H. Patterson. Cash'r.
•

STATE BANKj

(Incorporated

Elliman,

£c

New

York.

BUTTRICK, Members of the N.Y. Stock
and Mining Exchanges.
ELLIMAN.
)
I

Owens & Mercer,

RANKERS

AND COMMISSION STOCK BROKERS,
Exchange Court and 52

H roadway.

We

ties.

(

1875. J

C. T. WALEER
Cashier.

German Bank,
N. Y. Correspondents, Donnell. Lawton
be Metropolitan National Bank.

our

&

F. Gilbert

No. 16 Bread

St.

Co.,

(near Wail),

BANKERS AND STOCK BROKERS.
NEW

YORK STOCK
Stocttsbogght and sold on the
on a margin of 3 perctnt, if desired
Equal attention given to small and large Investments.
aonally or By mall. FirstAny Information given
EXCHANGE

f

class references.

$75,000.
25,000.
to all business in

H.

i

LITTLE SOCK, ARK.
Surplus
Prompt attention given

May

1,

NEW STREET,

1

NEW YORK

1879.

Geo. H. Prentiss,
BROAD STRSBT.

24

STOCK S

CAS

A SPECIALTY.

Brook I) ii

Securities Ronjrtat

and Sold

C\J CO.
BANKERS,

Hollister,

Interest allowed on deposits, to be drawn at will.
Also, Contracts made and carried In New York
issue a Dally
Cotton and Produce Exchanges.
Letter which will be sent on application.

OF GEORGIA,

(Pald-in)

HAS REMOVED TO
No.

Dunan,

Geo. A. Mercer.
W.m. E. Owens.
Member. N. Y. Stock Exchange.

7

Bank

ATLANTA, GEORGIA.

CAPITAL

New York

No. 2 Nassau street,

of Liverpool, Liverpool.

President.

II. H.
8. H.

BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.

;

Citizens'

BONDS,

Co.,

RANKERS AND RROKERS,

payment.
Correnpondents.—German-American Bank, New
York Louisiana National Hunk, New Orleans Bank

I

of

Buttrick

Co.,

Special attention paid to collections, with prompt
remittances at current rates of exchange on day of

a, F. PKN7.KL,

BROOKLYN SECURITIES, CITT
Gas Stocks, Ac,

BALTIMORE HOUSE:
21 South Street.

New

Sireet.
H. H. Hollister,
Robert B. Holmes,

carta of the United States

Thos. P. Miller
iiic,

&

Beers, Jr.,

Stocks, Governments and Miscellaneous Securities
bought and sold on commission.

Members

MILLER. R.D.WILLIAMS, JNO. W. MILLER;
(HAS. B. MILLER.

mom

Sell en Commission, /or Caeh, or on
Stocks, Bonds, and all Investment
Securities, in lets te tuit.

COR. OF

WALL STREET AND BROABWAY

A. K. Walker, Cashier

First National Bank,
WILMINGTON, N. C.
THOS.

Stock Exchange.

BROKER,

Orders In Stocks and Bonds promptly executed at
the Philadelphia and New ork Boards.

all

New York.
memherskip in N. V. Stock Exckang*.

12 years

York.

Platt K. Dickinson,
Howard C. Dickinson
Members N. Y. Stock Exchange and N T. Mining

Hollister

Co:,

BANKERS and BROKERS

and other well-known mines. Letters and telegrams
from these districts received dally. Orders exe-

H. H.

&

BANKERS AND BROKERS,
NEW" YORK AND RALTIIflORE.

PHILADELPHIA.

Collections mane on

New

Stocks, Railroad Bonds, Governments, and all Securities dealt in at the N. Y. Stock Exchange, bought
and sold, either for Investment or on margin.
Have been connected with mining since the discovery of the famous Comstock Lode, and also
pioneers in the celebrated Bodie district, in which
are located the "Standard," " Bulwer," "Bodie,"

Austin,

903 WALNUT PLACE (316 WALNUT

S. S. Bunause, Prea't.

Bro's.,
RANKERS,

far*

c***

Kimball

J~.

cuted direct at the San Francisco Stock Excnaoge.

specialty.

atshed.
N. X.

R.

N. T.

Dickinson

I'liila.

Negotiable Securities, ON COMMISSION.
Mr. J. M. Drake has been a member of the New
York Stock Exchange since 1K.V^, and will give personal attention to all business entrusted to the firm.

Margin,

JOHN RERENRERG, GOSSLER & CO

Dealer In CITY, COUNTY and

22 DRKXKI, UUII.DINO,

Wall St., New York,
BUY and SELL RAILROAD STOCKS and BONDS.
I\ S. GOVERNMENT. STATE. CITY, nnd all other

Buy and

Boston, Mass.

Late Cashier Blackstone National Bank)

& Co.

4 Exchange Court,

Hamburg and

London, (Limited.)
HOUSE IN EUROPE,

BOSTON.

AND

21

CORRESPONDENTS OF

STOCK BROKERS,

SIPHONS'

New York.

GOVERNMENT BONDS, GOLD, STOCKS AND
ALL INVESTMENT SECURITIES BOUGHT AND
SOLD ON COMMISSION.

Municipal Bonds.

&

Son,

DEPOSITS HECEIVEi) SUBJECT TO CHECK AT
SIGHT, AND INTEREST ALLOWED ON DAILY
BALANCES.

BANKERS AND DEALERS IN

Jackson

J. BAN KERS,

yames M. Drake
RANKERS,

&

Cisco

John

ST.,

Ronton,

York,

Union Bank of London.

I'AI'KIl
subject Ui

DEPOSITS

Sound

railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on

the ol'KN

in

COMMERCIAL

Interest paid on

line.

£ Co. and

J.

Alden Gaylord,
33 Wall

St.,

New

York,

DSALBB IN

8T. LOUIS CITY & COUNTY RONDS
ALL CLASSES
AND

OP

INVESTMENT A MISCELLANEOUS SECURITIES
W B. Nloaol* * Co, Banker*

Refers by permission to

.

New

York.

Transact a General Banking Business. Including
the purchase and sale of STOCKS and BONDS for
cash or on margin.

Uuy and

Investment
BOX 2.647.

Sell

Securities*.

P. O.

A

M. KIDDER.

C.

W. TRARE.

W. MCLELLAM. Jr.

STOCKS

BONDS

and

At Auction.
The

REGULAR AUCTION

hold

undersigned

SALES

of

all

classes of

STOCKS AND BONDS,
OK

WEDNESDAYS AND SATURDAYS.

ADRIAN
No. T

U.

nVLLBR
NEW

FINK STREET,

cV

SON,

TORE.

Albert E. Hachfield,
19

NASSAU STREET,

BASEMENT,
Deal* Id Investment Securities Mid,

Ronds Generally.

WANTED.
Boston * New York Air Line Preferred Stock.
Toledo Logansport A Burlington Bonds.
Union A Logansport Bonds.
.
Columbus & Indianapolis Central Bonos.
Rome Wntertown A Ogdensbnrg Bonds'
Bonds.
Vlnccnnes
Indianapolis A
Now York A Oswego Midland Bonds.
Southern Railroad Bonds.
.

:

:

:

THE CHRONICLE.

IV

UNION TRUST
NEW

CO.

YORK,

No. T3 Broadway, Cor. Rector

St.

National Bank of the
State of New York,
New York, 1st Sept., 1879.

23

Tiik

REQUEST OF A NUMBER
ATOF THE
DEALERS IN GOVERNMENT SECURI-

XXJX

Financial.
wall St., New York, Aug.

Financial.

Financial.

OF

[Vol.

&

Baltimore

1879

6,

Ohio RR.

Loan of 1879, $3,000,000,

WHO ARE DESIROUS THAT SOME PLAN
SHALL BE ADOPTED WHEREBY GREATER SECURED BY MORTGAGE ON THE PARKERS.
§1,000,000.
.
BURG BRANCH RAILROAD.
CAPITAL,
FACILITIES MAY BE FURNISHED FOR THE
SETTLEMENT OF UNITED STATES GOVERNMATURES APRIL 1, 1019.
HEHAS SPECIAL FACILITIES FOR ACTING AS MENT BOND TRANSACTIONS. THIS BANK
«PE('TFl"LLY ANNOUNCES THAT IT IS PRETransfer Agent and
PARED TO CLEAR TRANSACTIONS IN UNITED INTEREST 6 PER CENT, PAYABLE OCTOSTATES GOVERNMENT BONDS IN A MANNER
Stocks.
of
Registrar
BER 1 AND APRIL 1.
SIMILAR TO THAT HERETOFORE USED IN
Authorized by law to act as Executor, Administra- CLEARING GOLD. SUBJECT TO THE SAME
RULES AND REGULATIONS.
tor, Guardian, Receiver, or Trustee, and Is a
,
YORK STOCK
A LIMITED AMOUNT OF THESE BONDS REALL MEMBERS OF THE NEWBECOME
MEMWISH TO
WHO
LEGAL DEPOSITORY FOR MONEY. EXCHANGE
BOND CLEAR- MAIN UNSOLD WE OFFER THEM AT
GOVERNMENT
THE
BERS
OF
made
he
may
Interest allowed on Deposits, which
ING HOUSE WILL PLEA8E CALL AT THE
106« AND ACCRUED INTEREST.
THEIR SIGNATURES.
and withdrawn at any time.
BANK AND LEAVE R.
this institution pass through the
N B.— Ohecks on
L. EDWARDS, Cashier.
"
*
KING President.
KING,
TIES

rT

;

"

ng-House.
Clearing-House".
J.

McLean,
M. McLsajt,

Wji.

DRGXGL, SIORGAK &

EDWARD

Vlce-PresUlent.
ice-President.
'id Vice President.

1st

\>

OF THE CONTHE HOLDERS
TOSOLIDATED
FIRST MORTGAGE BONDS OF

Whitkwright,

EXECUTIVE COMMITTEE.
Samuel Willetb,
Wm. Whitewbight,
Geo. Cabot Ward
C. D. Wood.
G. G. Williams,
J. Ht. OGILVIE, Secretary.
M. McLean,
Augustus Schell,
E. B. Wesley,

J.

The Brooklyn Trust Co.
Cor. of

Montague &

Clinton

sts., Brooklyn,

N. Y.

Is authorized by special charter to
act aa receiver, trustee, guardian, executor, or administrator.
„
It can act as agent in the saje or management of
real estate, collect interest or dividends, receive
and
purchase
make
or
registry and transfer books,
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
and this Company a safe and convenient depository
RIPLEY ROPES, President.
for money.
CHAS. B. MARVIN. Vice-Pres't.

This Company

,

Edgar M. Cullen, Counsel.
TRUSTEES

Alex. McCoe,
Chas. B.Marvin. A A. Low.
B.Baylis. Henry K. Sheldon
H.E. Pierrepont. Dan'l Chauncey, John T. Martin,
Alex. M. White, Joslah O. Low, Ripley Ropes,
Austin Oorbin. Edmund W. Corltes.
WM. R. BUNKER, Secretary.

Wm. B. Kendall, Henry Sanger,
John P. Rolfe,

Thomas Sullivan, Abm.

WANTED
Alabama, Sooth Carolina Sc
State Bonds;
New Orleans Jackson & Ot. Northern,
Mississippi Ceutral, and Mobile
6c Ohio Railroad Bonds ;
City of New Orleans Bonds.

LEVY

6c

BORG,
36

The Bondholders'

the late decision.

parties to the agreement of May 17, 18(9, are
requested to sign this supplementary agreement
with as little delav as possible, so as to enable the
committee to make arrangements for providing the
large amount of cash (about $900,000) which will be
required, in addition to the cancellation of a certain
amount of bonds, to comply with Judge Harlan's

gThe

last decision.
It will be necessary

Louisiana

WALL

STREET.

GOLD

6c SILVER
Glr OLDEN FLEECE
MINING COMPANY.
Main Office, Reno, Washoe County, Nevada.

New York Office, No. 17 Broad Street.
Authorized Agents at New York and Boston for the
sale of a limited amount of stock,
M. & S. STERNBERG Ell, Bankers,
17 Broad Street, New York,
And 52 Devonshire Street, Boston.

Province of Quebec
FIVE PER CENT

THE COLUMBUS CHICAGO'* INDIANA CENTRAL RAILWAY COMPANY:
Agreement
May,

of 17th of
1879, was drawn under the supposition that the decision of Judge Harlan would permit the reduction
of the debt to $15,821,000 Seven Per Cent Bonds, to
be made through the instrumentality of the court,
in whose hands the accrued rental jvould be paid,
and applied by it as far as necessary to effect this
reduction. But. according to Judge Harlan's decision of 6th August, the granting of a decree for
the recovery of the rental is made dependent upon
the reduction of the debt having first been made.
This will not really change the ultimate result to
the bondholders, but makes it, however, absolutely
necessary that the Committee should have at its
disposal the Bonds themselves instead of only the
rental, as provided for in the Agreement of 17th
May, 1879, in order to enable it to conform to Judge
Harlan's last decision.
A supplementary agreement has therefore been
prepared by which the holders of consolidated bonds
i«uthorize the Receivers and the Committee to use
whatever amount of bonds, with their coupons,
which will be required to effect the reduction of the
debt to $15,821 ,000 Seven Per Cent Bonds, and giving
such further powers in detail as are found requisite
for the working of the scheme under the effects of

that the Bondholders, on signing the Supplementary Agreement, shall present
their receipts to the UNION TRUST COMPANY,
and have a stamp placed upon the same, as provided
by the Supplementary Agreement, declaring them
to be subject to it as well as to the original Agree-

ment.

Copies of the Agreement will be found at the
of the UNION TRUST COMPANY, No. 71
Broadway, or of A. ISELIN & CO., No. 48 Wall St.
Parties residing out of the city can forward their
Certificates to A. ISELIN & CO., who will attend to
having them stamped and returned, without charge.
New York, August 22, 1879.

office

ADRIAN

ISELIN, ) committee
Committee.

R.T.WILSON,

i

GOLD DOLLAR AND STERLING BONDS,

DUE

FOR SALE BY

RLAKE BROTHERS

s

JNASSAU

STREET,

9
Railroad, City, and County
and Stocks
l

BOUGHT AND

Bonds

SOLD.

New York, New England
& Western

Authorized Agents at New York and Boston for the
sale of a limited number of stock,
Bankers,
II. 6c S.
No. 17 Broad Street, New York, and
No, 52 Devonshire Street, Boston.

STERNBERGER,

WAITED:

CITY OF MOBILE
Past-Due Coupons.
THOMAS P. MILLER A. CO.,
MOBILE, ALABAMA.

Texas Bonds.
STATE, RAILROAD, COUNTY AND

MUNICIPAL BONDS

BOUGHT AND

JOHN G. STEVENS and others,
NEW YORK * OSWEGO
MIDLAND RAILROAD COMPANY and others,

J.

complainants, and the

INVESTMENT

CO.

(INCORPORATED.)
Capital Stock

-

-

$200,000.

NEW YORK,

BOSTON, PHILADELPHIA AND CHICAGO.

& 33 PINE STREET, NEW YORK.
MONEY CAREFULLY INVESTED for Capital31

Trustees of Estates, Guardians, Fire and Life
Insurance Companies, Savings Banks, Corporations
and other investors. Strictly conservative.

ALEXANDER & GREEN.

Complainants' Solicitors,
No. 120 Broadway

New York City.

NOT1CE.-THE NEW YORK
DIVIDEND
ELEVATED RAILROAD CO., TREASURER'S

Office, 7 Broadway, New York. Sept. 4,1879.—
The directors of this com pan v have th is day declared

a dividend of TWO AND ONE-HALF (2J£) PER
CENT for the quarter ending October 1, 1879, upon
the capital stock of this company, payable at the
office of the Treasurer, on and after October 1 next,
to the shareholders of record on the 20th inst.
The transfer books will be closed at 3 o'clock P. M.
on the 20th Inst., and re-opened on the morning of
October 2 next.
J. A. COWING, Treasurer.
.

ists,

LOANS CAREFULLY PLACED

Farm Mortgages, at 8,9 and 10
on choice business property

on

Western

per cent interest, and
in Cincinnati, Cleve-

land, Indianapolis, Detroit, Chicago, St. Louis. Kansas City and other large Western cities. Current
interest collected without charge. Loans carefully
placed also on Real Estate in the Cities of New

York, Brooklyn, Jersey City, Newark, &c.

MUNICIPAL, DISTRICT SCHOOL, GAS AND

RAILROAD and other CORPORA
WATER BONDS,
negotiated. Defaulted

ATE BONDS

Bonds converted Into interest-paying investments. Coupons
collected.

TEMPORARY LOANS made to Counties, Towns
Cities in anticipation of taxes and other
revenues. Coupons paid for States, Counties, Towns,
Cities. Railroad Companies. Ac.
and

WILL ACT AS STOCK TRANSFER AGENT for
Railroad, Mining and other corporations, and also
as Trustee of Bondholders.
FINANCIAL NEGOTIATIONS conducted for
States, Counties, Towns, Cities, Railroad and other
Corporations, and Individuals.
JOHN C. Short, President.
Geo. W. Debevoise, Vice-President.
WM. P. WATSON, Secretary and Treasurer.

OFFICE OF THE ONTARIO SILVER
MINING
September

CO., 31

BROAD

STREET,

NEW YORK,

,

5,

CHEW,

C.

DIVIDEND

NO. 47.
The Regular Monthly Dividend of Fifty Cents per
share has been declared for August, payable at the
office of the transfer agents, Wells, Fargo & Co., 65
Broadway, on the 15th inst.
Transfer books close on the 10th inst.

H. B. PARSONS, Assistant Secretary.

&

Flannaman,

INDIANAPOLIS, INDIANA,

UAKi: SAFE AND

SOLD.

29 Broadway.

WANTED

:

Atchison & Pike's Peak RR. Bonds and Stock.
Chicago A Illinois Eastern RR. Bonds and Stock.

County and Town Bonds of Western States.
City of St. Joseph, Mo., 7 Per Cent Bonds.
Iowa Central Railroad First Mortgage Bonds.
Danville Urbana Bloomington & Pekin Bonds.
Indianapolis A St. Louis Railroad Bonds.
St. Louis Vandalia & Terre Haute Railroad Bonds.
Houston & Texas Central Railroad Company Stock.
Port Huron & Lake Michigan Railrcad Bonds.
City,

East Lincoln
International
St.

Joseph

10 Per Cent Bonds.
Great Northern Railroad Stock.

(111.)

&

A Western

Railroad Stock.

New York & Oswego Railroad First Mortgage Bonds
A Oswego Midland RR. Receiver's Certificates.
Utah Southern Railroad First Mortgage Bonds.
St. Louis & South Eastern Railroad Bonds.
WOT. R. UTLEY, 31 Pine St., N. V.

N. Y.

WANTED

All kfnds of MISSOURI and ILLINOIS DEFAULTED) COUNTY BONDS. Highest market
price pauT for them.
address,

Give

full

description,

and

L. A. COQ.T7AI1D,

BANKER AND BROKER,

124 N. Third

street, St. Louis,

Mo.

Ind. Bloomington 6c West., 1st OTort.
Danville lib. Bloom. 6c Fekln 1st.
Wabash, 1st, 2d and Consol. Int. Scrip.
Chesapeake A Ohio, 1st and 2d OTort.

Bonds and

Scrip.

BOUGHT AND SOLD BY

1879.

Smith

CO.,

SANTA FE DISTRICT, ESMERALDA CO., NEV.;
MAIN OFFICE, RENO., WASHOE CO.. NEV.
NEW YORK OFFICE, 17 BROAD ST.

Equity.— Between

place at the Wickham Avenue Depot of the New
York & Oswego Midland Railroad Company, in Middletown, in the County of Orange and State of New
York.
For terms and conditions of sale, reference is
made to the advertisement referred to, or can be
obtained by calling upon the Master at his office.
No. 140 Nassau street (Morse Building), in the City
KENNETH G. WHITE,
Of New York.
Master.
Dated June 28 1879.

CO.,

SOUTHERN NEVADA MINING

TNITED STATES CIRCUIT COURT,
SOUTHERN DISTRICT OF NEW YORK.—In

sale under the decree made in the above-entitled suit.wliich has been advertised in this paper once
a week for the fifteen weeks last past, is hereby adjourned to September 20, 1879; the sale to take

A

54 Wall Street^

I
*-"

The

190S.

Principal and Interest payable at the Bank
of Montreal, in New York ok London.

defendants.

Stanton,

CO.

PROMPT LOANS

ON

REAL ESTATE SECURITY.

J. D.
53

PROBST &

CO.,

EXCHANGE PLACE, NEW YORK.

MISSOURI COUNTY BONDS.
Buchanan County, Mo.,

10's.

Cass County, Mo., 10's.
Cape Girardean County, Mo., 10 s.
Chariton County, Mo., 8 s.
Daviess County, Mo., < s.
Henry County, Mo., 10 s.
Howard County, Mo., Chariton Township.
Henry County, Mp.. 10's. .
Marion County. Mo., Mason Township.
Morgan County, Mo.. 10's.
Pettis County. Mo„ 10's.
St. Clair County, Mo., 10 s.
Ralls County, Mo., 10's.
Sullivan County, Mo., <'s.

WANTED BY
4 Broad

TO BEY & KIRK,

Street.

^financial;

teniae
HUNTS MERCHANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UJNlTED

SfTATES.

SATURDAY, SEPTEMBER

741.

VOL.

29.

CONTENTS.
Sherman
Market

and

the

Money

United States Treasury Statement 840
The Debt Statement for August,

233

Business Revival Illustrated by
the Iron Interest
The Proposed Canal Amendments to the Constitution
Colored Emigration Again
Financial Review of August

240

1879

Imports and Exports for July,1879 3ll
Latest Monetary and Commercial
241
English News
Commercial and Miscellaneous

336

236
237
238

News

243

THE BANKERS' GAZETTE.
Money Market,

U. 8. Securities,

I

Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, etc
245

|

I

|

Quotations of Stocks and Bonds.. 248
249
Local Securitiss
Investments, and State, City and
250
Corporation Finances

THE COMMERCIAL TIMES.
Commercial Epitome
Cotton

254
251
258

BreadBtufls

I

NO.

1879.

senting the unpresented called bond?.

TI1E CHRONICLE.
Mr.

6,

Dry Goods

259
260

Prices Current
I

The Secretary

and before the usual autumn demand
for money set in, and while the ruling rate was 3
foresaw

all this,

per cent, wisely collected the funds, which he thought
sufficient,

if

carefully

of the Treasury.

managed, to cover the wants

Sixteen to eighteen millions were thus

by about the 10th of August. With our castGovernment system, which requires the locking up
in vaults, away from the reach of commerce, of these
Government funds, any one can see that if he had
delayed this movement until the present month, or
secured
iron

later, it

could not have been done without great disIt was therefore a very timely precaution,

turbance.

The Commercial and Financial Chronicle is issued on
day morning, with

the latest

news up

to

Satur-

midnight of Friday.

TERMS OF SUBSCRIPTION-PAYABLE

just at that

moment, and wholly unnecessary before then.

But, say these very wise

ADVANCE:

IN

critics,

why

did he not con-

payments until all were settled
$10 20.
For One Year, (including postage)
For Six Months
do
6 10.
rather
than
favor
one
or
two banks. We do not pro£2 6s.
Annual subscription in London (including postage)
do
1 7s.
Six mos,
do
do
to
answer
this
query,
because Mr. Sherman has
pose
Subscriptions will be continued until ordered stopped by a written order, or
at the publication office. The Publishers cannot be responsible for Remittances
done
it so well
himself.
Here
at this centre every
unless made by Drafts or P.st-Offlce Money Orders.
London Office.
merchant
and
dealer in produce or stocks or anything
The London office of the Chroniole is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
else, knows that the order of the 13th of August was
Advertisements.
Transient advertisements are published at 25 cents per line for each insertion,
not a favor to any particular bank so much as it was a
but when definite orders are given for five, or more, insertions, a liberal discount is made. Special Notices in Banking and Financial column 60 cents p'.r favor to each of themselves, and they will remember it as
line, each insertion.
WILLIAM B. daha,
WILLIAM B. DANA & CO., Publishers,
The accumulation up to the point mentioned was
such.
JOHN G. FLOYD, JH. f
79 8c 81 William Street, NEW YORK.
Post Office Box 4592.
very wise, as the steady money market we have since
A neat file-cover is furnished at 50 cents; postage on the same is 18 had, notwithstanding the heavy settlements, proves; but
cents. Volumes bound for subscribers at $1 20.
@F~ For a complete set of the Commercial and Financial Chronicle— carried beyond that, it would have been a serious check
July, 18B5. to date—or of Hunt's Merchants' Maoazine, 1339 to 1871, inquire
Nor was there any necessity
to every business interest.
at the office.
for a greater accumulation, as is now shown by the
MR. SHERMAN AND THE
MARKET. very quiet and undisturbing way in which final arrangeWe do not refer to this subject again, because the ments are beiDg perfected. We are free to confess that
general course of Mr. Sherman needs any justification. we have felt no little anxiety with regard to the closing
Those who broadly criticise it, defeat their own purpose movements. One has only to remember the extent of
most effectually, for they only draw the closer attention the calls, reaching within a comparatively few months 740
to the admirable manner in which these bond settle- millions of dollars; the widely scattered location of the
ments have been carried through. It requires very little holders, who are to be found in almost every porknowledge to understand what a delicate matter it was tion of the commercial world ; the natural dilato exchange so many millions of Government securities toriness
of capital in changing investments where
without disturbing the money markets of the country, the principal is secure and can be obtained at any
calling for, as it did, a combination of opposing forces, moment
one has only to remember these and many
which almost every one said could not be adjusted. other similar considerations which will suggest themtinue compelling cash

I

'

MONEY

;

—

Of

course, now that the work has been nearly completed selves, to excite a fear in one's mind lest there
with but one ripple in the whole course of it, and that would be a very large number of these securities not
due to artificial manipulation, all the wise ones see that presented for conversion when the day for final settleit was extremely easy
any one could have done it.
ment came and consequently a very large amount of
But our object in referring to this matter now was currency suddenly locked up. The Secretary's arrange-

—

simply to point out the manner in which the present ments, as it now would appear, have provided for all
emergency is being passed.
have several times of this and consequently as the day approaches, the money
'

We

late called attention to the peculiar difficulty of

settlement after such vast transactions.

Of

must be a considerable balance to be paid

a final

course there

in

cash repre-

market, instead of getting closer, relaxes and becomes
less sensitive.

It

was

this point that

we wished

to

draw attention

to,

.

.

.

THE CHRONICLE.

23(5

[Vol.

XXIX.

—

a final settlement have been caus- oned an especially desirable customer needing some
According to the first of September iron work for public buildings, and applying by circulaTreasury statement, which we publish to-day, the balance te a large number of iron mills for proposals, found that
on hand showed the following comparison with the pre- only a few cared enough about the order to make any

for the

difficulties of

ing much

anxiety.

vious statement.
Gold.

Legal Tenders.

$141,510,390
135,517,483

$70,597,606
63,791,465

$0,028,907

$6,800,141

Treasury Balances.

September 1, 1879...
August 1,1879
Increase

response.
As the climax of this sufficiently remarkable
statement
comes
a paragraph that an agent for a southTotal.
western railroad "recently wrote to all the rolling
$212,143,996
199,308,948 "mills in the East, asking for bids for 5,000 tons of
$12,835,048 " rails, and not one of the mills would bid
each and
;

"

This exhibit, together with the other figures published,
proves that Mr. Sherman must have paid out subsequent
to August 13, up to September 1, more than he received,
for he stated that he had on the bond account at the former date about 18 millions. Since the 1st of September the Sub-Treasury currency balance in New York
has decreased about 1^ millions, but the gold balance
has increased about two millions, indicating probably
that the tendency of the bond settlements since the latter date has been to slightly increase the Treasury acculhis has been done, however, by means of
mulations.
the late imports of gold, so that the money market
suffered,
but received some relief. And
•has not

all

declared that they were full of orders for months

" ahead

— some of

them

"could not consider his

until

February next

offer at all."

This

—and they

said to be
the tenor of replies received from every rolling-mill east
of Chicago. In the same connection the announcement
is

English journals of recent dates, to the effect that
nearly 20,000 tons of iron rails have been purchased
in

'

1

r

'the

same policy

is

likely

to

continue.

We

it may be safely assumed from these
knowing Mr. Sherman's methods, that no

therefore, that

facts and

think,

New South Wales for immediate delivery
United States, is of interest.
in

in

the

The revival of the forms of iron industries intimately
connected with railroads does not necessarily prove a
large revival of railroad building, because during the
last six

years there has been

a process

of wearing out

railroad material without the ordinary replacement,
this process

must end sometime.

iron business is the pulse of the

But inasmuch

and

as the

whole industrial system

new movement in
-change will be necessary, on or before the 1st of October,
it can hardly be overstated
it does not revive until
in the Treasury balance, sufficient to disturb our money
other things revive, and activity in it will send activity
market. It will be remembered also that on October 1st
through an indefinite.numberof industries linked with it.
the quarterly interest on 740 millions of 4 per cents
The above statements are perhaps exaggerated, or they
paid.
will be
One change in the present system of the Department may be too broad generalization from exceptional facts ;
but when they are discounted considerably they leave
-lias been suggested with regard to the arrivals of forenough, taken with other unquestionable signs, to show
eign gold, which would facilitate currency movements.
that the general industrial awakening in this country
'The proposition is that on deposit of the bullion at the
has begun. All that is now needed is that currency and
assay office, the old custom of at once giving a check
business shall be let alone.
for very near its value, should be revived. This pracof the country, the significance of a
;

tice was undoubtedly a very proper one, and would be
THE PROPOSED CANAL AMENDMENTS TO
of service at the present juncture, but the difficulty is
THE CONSTITUTION
that there is no authority for it in the statute as it now
There is a very important constitutional amendment
stands. When we wrote last week we supposed the law
pending, which passed the Legislature last May, and
was unchanged. The provision of the Revised Statutes
has not yet attracted much attention. It forbids the
-on the subject is, however, at present, as follows
sale of all but several of the minor canals, repeats the
SECTION 3,545—For the purpose of enabling the mints>ndthe assayoffice in New York to make returns to depositors with as little delay as restrictive provision about the expenditures, " except in
possible, it shall be the duty of the Secretary of the Treasury to keep in
cases hereinafter provided," and then proceeds to qualify
such mints and assay-office, when the state of the Treasury will admit
thereof, such an amount of public money, or bullion procured for the it, by saying that there shall be created a fund, under
purpose, as he shall judge convenient and necessary, out of which those control of the Commissioners of the Canal Fund, to be
who bring bu.lion to the said mints and assay-office may be paid the
value thereof, in coins or bars, as soon as practicable after the value ha* made up of all funds derived (1) from sale or lease of
been ascertained
any canals, the sale of which is not forbidden; (2) from
Mr. Sherman has strictly followed the authority here any excess of receipts during any year, over the expenses
conferred, having deposited 15 millions to the credit of of operation and repairs during the year next following;
the assay office for the purpose mentioned. Bullion (3) by transfer to this fund of $400,000 now in the
dealers tells us that they get a return, that is a check for treasury, which has been paid in, in pursuance of a certheir bullion, in about four or five days after the deposit tain law of 1876, for deepening the canal. This fund is
of the bullion, which would seem to be all that could be to be invested in public stocks, and used from time to
expected.
time, by legislative enactment, to make up any deficiency
to meet the ordinary or extraordinary expenditures of
BUSINESS REVIVAL ILLUSTRATED
THE the canals, " or for permanent improvement of the
IRON INTEREST.
canals." In addition, "in case of any extraordinary
At the meeting of representatives of Bessemer steel necessity arising out of any unforeseen or unprovidedworks of this country in Philadelphia, on Wednesday for disaster to the canals," the Legislature, by a vote of
last, the reports presented spoke in the warmest terms two-thirds of all the members elected to each branch,
of the extraordinary present prosperity and bright pros- may appropriate not more than half a million in any
pects of that industry. Without exception, it was said, year, " out of the general fund for canal reparation and
every mill making Bessemer steel rails has orders in restoration," which sum shall be restored to that fund
excess of productive capacity up to the end of the year, from the special fund created, as soon after as may be,
aud many have already taken orders for several months and in preference to any other claim upon the latter.
of next year. The statement has also been published, The present canal funded debt shall hereafter be named
during the week, that the Government always reck- a general funded debt, to be provided for and paid pre-

BY

—

September

6,

time as now, " except

same manner and

the

cisely in

THE CHRONICLE

1878.1

were passed

that the income from the canals shall not be called upon

1877,

for that purpose."

year, of the

The point and value

of this

amendment

consists in its

supplementing the old constitutional provision

restrict-

ing the expenditures in any year to the gross receipts

The

during the year next preceding.

once practiced

flagrant jobbery

justified a constitutional limitation of ex-

penditures, and yet

it is

obvious that this one as

it

stands

may prove damaging, if not ruinous; it is possible that the
gross receipts, from one or many causes, may fall very
low

some

in

year, also that

may

expenditure

some occasion

The

follow.

result

for unusual

may

possibly be

that during the three years necessary for procuring a

removal of

this obstacle, constitutionally, the canal

may

and

237
in

One is amendatory

June.

directs the sale, as soon as

may

of a law of
be after this

Crooked Lake, the Chemung, the Genesee
Valley canals, and part of the Chenango; but if responsible parties wish the whole or a part of any of these as
road-bed for a railroad, such disposition is authorized
under specified guaranties. The other act authorizes
certain parties to lay five miles of track on any canal
bottom, for testing a particular system of towing.

We

find

a

in

recent

issue

the

of,

Scienlijic

Americm m

description of the Belgian system of towing by sabmerged cables, by which a drum on the towing vessel

has the cable carried about

and being rotated, of
The system is not
new, but its details have been improved, and it is stated
that the company using it, which has for several years
past been successfully towing boats between Buffalo and
Lockport, has received from the State a 50-years excluit,

course hauls the boat-train along.

become useless and unused. Besides, a greater freedom
to conform tolls to circumstances is really necessary.
For example, it was found that flour had almost ceased
being shipped by the canal ; rather than suffer its diver- sive grant of laying cables during the whole length of
sion altogether, the case was met by reduction of the Erie Canal, and that the cables will be laid as far

A

exigency

may

respecting other east as Rochester this season
10 boats have been built.
and to administer 15 more are to be finished before next spring, and 8*
canal affairs properly, those in charge should have reas- in all are intended.
This system has at least the obvious
onable discretionary powers, under State ownership advantages that the canal is not altered in any manner,
and in obedience to the theory thereof which can that it is not subjected to any injury, and that other
never, under any conceivable circumstances, be assimi- modes of moving boats are not affected.
If all thai
lated to the monopoly condition
to manage with a is true, the privilege is one the State can afford to grant.
promptness and freedom resembling the management of
Does it not seem, then, that a new era of increasing usecharges.

articles,

and

like

in order

to

arise

deal with

;

it

—

—

fulness may be awaiting the canals ? The pending amendamendment providing ment goes far short of making a free canal which is
a special emergency fund is of great importance. The equivalent to binding the State to a tax for maintenanee
first source, the sale or other disposal of a few of the
for it does not in terms commit the people to a dollar
least valuable canal", is not expected to make any con- of additional tax.
It is really a compromise plan, de-

private

For

affairs.

—

these reasons the proposed

—

siderable contribution, as the canals to be sold will not signed to aid the canals, without attempting a probably
probably more than pay the expenses of the sales. The unpopular measure ; and its ratification in due course, is,
second provision is, however, very desirable, providing we suppose, not doubtful.
as it does that if the expenditure of

any year

fall

below

the receipts of the previous one, the difference goes to
the fund, thus making the year of plenty pay for the
year of famine, and this may be a material contribution

COLORED EMIGRATION AGAIN.
Washington dispatches revive this subject by saying
that the executive officer of an aid society in that city is

Of course the $400,000 now on hand which may be trans- in constant receipt of letters from colored people from
ferred to it, and the legislative power granted for the various parts of the South, asking information about
adding of $500,000 in any year when needed, are further Kansas, the opportunity for employment there, transguarantees that the canals will never be closed for want
of

money

te keep

them

in repair.

The

entire fund,

it

These letters all tell the old
and insecurity, and it is claimed that
a very enthusiastic feeling, or, at least, one of

portation

thither, etc.

story of outrage

should be noted, can be touched only by legislative en- there is
actment, and the last item must have a two-thirds vote. general uneasiness, among the blacks. In several States
Taxpayers should also be made aware that the paragraph emigration societies have formed committees for corresrespecting the debt really proposes no further conces- pondence with the Washington society " with the view

The constitution now requires the
canals to take care of themselves, to pay $450,000 a
sion to the canals.

year to the sinking fund against the principal of the
canal debt, and $200,000 towards general State expenses.

The

of obtaining information

and assistance

in the

contem-

plated grand exodus in the Fall," and the dispatches-

named

represent

the officer above

exodus

certainly preparing,

is

and

as saying that this
all

the

movement

however, the State has to take care of the hitherto will be dwarfed by comparison with it.
debt and also help the canals. Inasmuch, therefore, as
Against this sketch of the probability we must first
this provision has already been abrogated in practice, oppose the caution that it is, unfortunately, impossible

and

fact

is,

to determine beforehand how much what is indefinitely
payment of the debt, which ma- yet intelligibly known as " political considerations" hare
tures in 1883-93, the proposed amendment simply would to do with the coloring of such statements.
Of course,
conform to the facts and expunge a dead obligation..
if the movement does take place, it is a matter of no
Now, while all this -will by no means make the canals consequence what causes it, as concerns the fact itself ;
free, nor will it particularly enlarge the independent but the motives and the parties that may influence the
powers of the Superintendent of Public Works, it will movement are also quite likely to exaggerate its dimenit

is

notoriously impossible that the canals can con-

tribute anything to the

enable the legislature to save the canals in case of need.

an unpleasant but necessary
suggestion to make, and it is one so readily comprevision
which is not to be expunged, but only qualified hended that we may be excused from dwelling upon it*
and supplemented is to be removed. This done, im- Nor need the exaggeration be all deliberate. There are
provements, some of which we have already discussed, many persons in the Northern States, to whose minds
will have a chance.
Two bills relating to this subject the idea of pacification in the South means nothing else

The iron-bound

—

restrictiveness of the constitutional pro-

—

sions in advance.

This

is

—

a

THE CHRONICLE

238

[Vol. XXIX.

than practical re-enslavement of the blacks ; quiet they
consider terrorism, and they treat sporadic violence as
though regular and unprecedented ; their imaginations
are captivated with the picture of the negro colonized
upon the old-time free soil of Kansas, and they cannot

means or could get transportation ; and that, in his
opinion, the knowledge of these facts will stop the
exodus. There is no reason for questioning the correctness of this report
on the contrary, it is sustained by
all the probabilities, and that it is unpleasant does not

bs made to contemplate his staying where he is. Such
persons, whose zeal is more remarkable than their judgment, naturally run in advance of the facts, and accept
and proclaim possibilities as virtual certainties. All
statements on this subject which come through such
sources must therefore be accepted with caution.
As to the gravity of the subject, and the probabilities
about it, we have seen no reason to modify the views
expressed in these columns some three months ago. The
movement has not already been large enough to have
any effect on the labor market. What it might grow
to be hereafter, and the disturbing influence which the
apprehension of it and the unsettling of the negroes'
It
feelings might exert, is a much more serious matter.
Current
Price
that
Orleans
is now admitted by the New

impeach

apprehension about the future has already caused some
diminution of supplies ordered by cotton planters in
the menaced regions.

But there

may

is

fortunately evidence that these fears

not be well-founded.

Faith

is

not able to alter

and an exodus with prosperous results is no more possible for one race than another,
except upon the strict conditions which govern success
an adaptation of means to ends. That the negro has
suffered long under slavery does not make life as a
freedman a whit easier for him on the contrary, it
makes that harder, because he has its effects to throw
the facts of

life,

;

off.
The Prici Current mentions that a large deputation
of " respectable and intelligent negroes, with means to

;

is

man than

laws of industry and labor for the black

Undoubtedly, Kansas

the white.

is

for

a good field for

it is for whites, if they have a moderate
and the ability to work their way, but it is no
paradise for mendicancy and helplessness, nor will it
yield subsistence without well-directed industry.
Every

negroes, just as
capital

condition required of the negro, in the South, in order
to obtain

a living,

everywhere

is

required of him in Kansas, and

And

else.

yet

this

is

not

all

the case.

abandons
advantages
he can
neither take
with him
nor find
elsewhere, namely, a soil and climate to which he is
especially accustomed and adapted, and a demand for
his labor that exists nowhere else.
This is the fact,
Nature made it so; we need not use time in explaining
or arguing, or belittling it; the wisest course is to admit
it.
If the negro cannot live safely and happily in the
Southern States of the North American Continent
proposition which we do not admit for an instant there
does not seem to us any place for him in the world. Of
course, some other countries have a similar climate, but
to remove him to any of them
to Liberia, for example
would be to put him back a century or two. Why
should he not, fcoth on philanthropic and commercial
grounds, be freed from the interferences of well-meant
friendship and be left to work out his own problem of

In

the

leaving

South,

he

—

—

—

—

life,

as other

races

pay their way for a round, trip," arrived in St. Louis what he must
some time ago, on the route to Kansas, for the purpose
of investigating the condition of the emigrants already

To say that these statements repreonly to say that there are no different

its reality.

sents the facts,

do,

work out

theirs?

This

however painfully he does

is

precisely

it.

—

Mr. Logan C. Murray has been elected President of the
Kentucky National Bank of Louisville, Ky., in place of Judge
an encouraging fact, because the step is a sensible one Ballard, whose death was announced a few weeks ago. Mr.
He has been its
is a large stockholder in the bank.
to take. If the negroes are intelligent they may be Murray
cashier—and virtually its chief manager for a number of years,
trusted to get at the facts, and future movements will
as Judge Ballard's extensive legal engagements left little of his
therefore be subjected to the influence of the facts ; time available for the duties of the bank, except in consultation
in that State,

and reporting

to

those at home.

This

is

—

besides, if the

headlong

spirit

of emigration

had not and

cooled somewhat already, there would hardly be any
deputations sent.
Even the Washington dispatches
which prophesy a movement that will belittle the past
one, confirm this view in the very statement that great
number of letters of inquiry about Kansas come from
the negroes. There was no inquiry last season it was
all taking everything for granted and starting.
Per;

sons, black or white,

tainly will not

move

who

advice, for which his aptitude was inestimable. Mr. Murray is a member of the Executive Council of the American
Bankers' Association, and was very active on the Committee of
Arrangements at the late convention of the association at

Saratoga.

FINANCIAL REVIEW OF AUGUST.
cantile

write letters of inquiry, cer-

before they get some sort of infor-

mation, and they will be affected by
trustworthy, but the asking

it

it.

It

may be

un-

proves that the headlong

character of the exodus has considerably changed.

August witnessed a generally improving merbusiness and good reports of Fall trade from nearly every

The month
department.

of

The

aging, and from

iron trade reports were particularly encour-

all

parts of the country the intelligence was

received of increasing business
reports are,

and firmer

upon the whole, decidedly

prices.

The crop

favorable, although the

highest estimate made of the yield of wheat in Minnesota and
probably be ? What comes
some other parts of the Northwest have been modified since the
from Washington and from volunteer " aid " sources, it
harvest took place. The crop reports from England and the
is unfortunately true, will very possibly be colored by the
Continent are so unfavorable as to give assurance of an unusurooted notions respecting the negro and the South, above
The
ally heavy demand for breadstuffs from this country.
referred to ; what comes from Kansas will naturally be
import of specie from Europe to the United States commenced
trustworthy. The Price Current informs us that a Misa large scale about the middle of August, and during the
sissippi member of the delegation already mentioned as on
about $6,000,000 in gold was received at New York.
month
having gone on to Kansas, recently has stated his conshipments are in transitu, and the total
additional
Large
They are that Kansas is "no place for negroes
clusions.
amount likely to be sent during the present and next two
who have not money enough to take up land and provide months is believed to be large.
a living for themselves until they can raise a crop." He
Notwithstanding the generally favorable outlook, business at
reports that many who have gone are " hanging about the Stock Exchange met with a considerable check, in consethe cities and towns in a bad condition ;" that a large quence of the irregularities and stringency in the money

What will the information

number would gladly

return South

if

they had the market.

...

Skptember

THE CHRONICLE

6, 1879.]

The total transactions at the Stock Exchange, compared with
previous months, were as follows:
June.

May.
U.S. Governm't bonds $1 1 ,533 ,250

State bonds
Railroad bonds
Bank stocks. .shares
"
Railroad,

|

.

Ac

1 ,488,000
43,140,355
1,27a
5,450,375

August.

July.

$9,113,300 $13,280,200 $12,588,400
2,517, r,(KI
1,325,000
719,000
31,250.790 31,060,110 23,523,000
1,190
940
1,202
:)..-.-« ,r,si;
5,237,005
3,215.095

The following summary shows the condition of the New York
Clearing House banks, the premium on gold, rate of foreign
exchange, and prices of leading securities and articles of merchandise, on or about the first of September in each year, from
1877 to 1879, inclusive:
STATISTICAL

1

.

.

SUMMARY ON OR ABOUT SEPTEMBER

1877 TO 1879.

1,

[CLOSING PRICES OF

Ski
Aug.

a

e

9715,,

1..
2..
3..
4..
»..
6..
7..
8..
0..
10..
11..

98"

1,,

CONDOM AND

O. H.

SECURITIES AT LONDON IN AUGUST.

4%s

:?.&!

5s of
Is of
of
1881, 1891. 1907.

Aug.

105% 100% 10B% 20
105% 109% 105% 21

13..
14..
15..

97» ln

97%

105% 109%
105%llOO%
105%! 100%
105%!xOS%
105% lli.i.

Hi.

07*16

105%. IILS.

12..

977,,,

105%
105%
104%
104%
101%
104%

105% 108% 104%
97»S,«105% 10* % 101%

105% 108% 104%

97Hi6 105%! 108 '4 104%

9715,6

105% 101% 104%

9716,6
9713 „
9711,,

105%_ 108% 101%
105% 108% 104%
lor,:i. HIT". 104%
>7 7 _ 104%
105%108% 104%
105% 108%H04%

day

Hall

I

!!Z,"'«

07»i,

97%

.10

S.

971. 1B

1891. 1907.

97%

22
Bank Hull day.
23
9MI; 9 10.Vl| lll'.l)'- 105 '4 24
97% 10534 lO'.l <- 105 U 25
971'ie 105%; 100% 105% 20
9711 1(1 105 %| 100% 105
27
070 18 Hi.,.. 109:1. 105% 28
8.
29
077,„
97«,«

l-..f

'of

1--I

1

£

S.

17..
18..
19..

1877

1878.

1879.

289

31
Opening.

:

8.
..

Highest..

Lowest

I

.

9715„ 105%'l09%il05%
98%, 105% 100% 105%
975,6 105% i07% 104%

Closing
97% 105%x08% 101%
Since Jan,
Highest... 997,9 1093, 110
105%
Ixiwest
95% 105 100%' 101
1

York City Banks—
Loans and discounts

jyeio

$ 258,160,300 239,431,700 243,778,700

17,000,300
16,030,100
19,684,700
20,942,500 19,438,700 16,388,300
22S.-H7.400 210,104,100 209,450,700
Legal tenders
f 41 ,279,300 53,948,500 48,130,600
3,759,650 16,007,775 11,798,025
Surplus reserve (over 25 p.c.)$

Money, Gold, Exchange—

1%®2

52>7

®5

3

3%S4%
6»6%
5%®7
Prime paper
100
lOO^a
104
Gold
52%
54%
513e
Silver in London, per ox
80%-4
4
-183%
82%-4
bills,
Si's
4
83
4
sterling
60
days.
83%
Prime
Vnitcd States

Bonds-

101%
122

102%
104%
101%

—

Railroad Stocks

New York Central & Hud. Riv.
Eric (N. Y. L. E. & W.)
Lake Shore & Mich. Southern
Chicago Rock Island & Pacific
Chicago & Northwestern, eom.
Chicago Milw. & St. Paul, coin.
Delaware Liick. & Western

118%
23%
88%
79%
138%

108%
119%
100%
103%
100%

111
123

111%
14%

101%
12%

117%

56%
100%

103

65%
68%

64

86

80

66

75%

34%
27%
52%

32%
31%
49%
16%

65
55

. .

108%
106%

50*8
33
Central of New Jersey
Merchandise
123, 6
12%
11
Cotton, Middl'g Uplands. $
323)39
33339
Wool, American XX
41350
# lb.
Iron. Amer. pig, No. 1..$ ton. 20 00 323 00 16 50318 00
18 00
Wheat, No. 2 spring.. .*$ bush. 101%®1 03 10831 10«1 1 283 1 33
46 a 46%
45350%
Com, Western mixed.. $) bush.
523 57
Pork, mess
$ bbl. 8 70 38 75 10 20310 35 13 00313 10

—

»

BANK MOVEMENTS AND THE MONEY MARKET.
bank statements show remarkable fluctuations and a
reduction of their surplus reserve to only $1,408,550 on August

The

city

The

further decreased after that date,
but there was so large a desline in deposits aj to leave an
increase in the surplus reserve. The money market advanced
sharply about the middle of the month, mainly in consequ ence
of the Treasury operations in calling for large payments from
the banks which were yet indebted for subscriptions to the 4
16.

legal tenders

still

per cent bonds.

advanced from 1%@3 per cent
at the opening to sharp 7 per cent, with frequently the addition
of 1-32 to 1-16 per day as a commission.

The

rates for

New York

call

Aug.

Aug.

2.

Legal tenders
8urplus reserve..

Range of call

lo'ns

19.652.400
20,504.800
254,770,700
57.655,1001
13 614.S25

19.U24.100
20.682.100
253.230.200
50,435.500
6,752,050

1««3

And

16.

Aug.

Aug

23.

1-16 per diem.

19,553,200
20,719,500
248,474,600
43,974.000

19,631.100
20.827,500
235,853,900
41,8S8,BO0

L40S.550

2,481 ,226
:'"<

1J4»«

Rate of prime pap.
*

Aug.

9.

30.

disc'ts. $2«7.2M>.ioo 1272,936,000 $274,311,000 $283,570,100 $258,160,300

Specie
Circulation
Net deposits

+

And

5®a

19,684.700
20,942,500
228,817.": 00

41,279,100
3.759.630

5@6

5@7t

6®7

1-32 commission.

INVESTMENT SECURITIES.

There was a much smaller business in Government and railroad bonds than in the previous month, and prices were generally
lower. The new 4 per .cents declined to 100%, but afterward
rallied, and closed at 101 %
CUMING PRICES OP GOVERNMENT SECURITIES IN AUGOST, 1879.

i

_<_

J'no 30, Low.
Railroads.
Albany &SHsq'hanna "38
88
pf
35
Bos. & N. Y. Air-L.
37
Burl.Ced. Rap. &No
56
Canada Southern
Central of N. Jerscy.
Chcs. & Ohio

do
do

50%

112%

11%

7%

1st pref.
2d pref.

&

Chicago

52%
•8%

84%

Alton

pref. tll5
do
Chic. Burl. AQnincv. 115%
Chic. Mil. &8t. Paul.
54%
pref.
93%
do
Chic. & Northwest... x66%
pref. x96
do
Chic.
Rock Island. 140%

&

Chic.St.L.&N.Orl'ns
Chic.St.P.& Minneap.

&

Ind.
Clev. Col. Cm.
Clev. & Plttsb.. guar.
Col. Chic. & Ind. Cent.
West'rn.
Del. lack.

Dubuque

&
& Sioux

C

27%

Erie, &i assess, paid,
do prf..ijS2aBsess.pd

52

&

Pittsburg
Frankfort & Kokoino
Erie

Hannibal
do

& 8t. Jo

pref.

Harlem

& Tex. Cent. !
Central
Indianap. Cin. <fe Laf

5s,
6s,
4%s, 4s.
6s
1881, 1881. 1891, 1907, Cur.,
coup. ooup. coup coup, 1898.

1.. 101%
ioy>4
2..
102%
102
3..
8.
4.. 104%
ioo% ioi%
101"
5..
102 »4
6.. i64%
102
7..
106
101 %
102%
8..
102%
101%
9..
102%
101%
10..
s.
11.. 104% 102%
101%
12..
102%
101%
13.. 104%
105% 101
14.. 104% 102%
100%
15.. 101% 102% 105% 101
16..
101%
17..
"a
18.. 104%
105% 100%

123%

lis.
4%s, 48,
68
1881, 1881. 1891, 1907, Cur.,
coup. coup. coup. coup. 1S9S.

104% 103% 105%
102 % 105% 101%
21 ..
101%
22..
102% 105% 101
23..
102%
100%
19..
20..

24..
S.
25.. 104 14
105%
26..
105
27..
101%
28..
102
29.. 104% 102 >4 105%
30.. 104%
31..
"s."

Open 104% XO2S4
High 104% 102%
ow. 104% 101%
CIOH 1043s 102%

Michigan Central
Mo. Kane. & Texas

. .

Mobilc&Obio

Morris & Essex
Nashv.Chatt.Ai8t. L.
N. Jersey Southern..
N. Y. Cent. <fc Hud. R.

8S%

28%

54%

13

13

88% x86

95

155
40

88%

86%

2%

111

56

56

61
45

51
35
3

x73%

72%

2%

118

53

82%
31%
21%

pref.

Francisco.
pref.
1st pref.

Stonington

Union Paciflo
raited

New

41%
90%

46
6
4

93%

2

o

39

45%
9%
11%
22

x76%

36%

American District

65
37

Atlantic

&

x88
till

60

60

28%
52%

23
44

28%

31%
20%
42%

29%
18%

40

33%
20%
43%

80% 80%
63% x53

39

Wabash
TELEGRAM!.
Cold ifeStock
Western Union

-6%

xil3% 119% xll3%

4

5
111
60

89%

Jersey.. *142

...
Paeitlc ....

48%

x93

100
16
7

24%
16%
44%
8%
10%
22
125

75%
143
35

'40

93%
"3%

"77"

78%
38%

93%

93

52

56%

37%

48
6

23%
45%

X

54%
87%
55

44%
tin;

79%
13%

7%

94

88

"2%

...„.

t38

116
117

120%

11

125

121

87%

17%

7%

157% 163% 1157%
16
17% 16%
44%
44% 48
15% 16% 16%
46
49% 47%
153

160

110% 113%
100
25

9%

100
26
10

16%
29%
22%
58%
13%
18%
44%

15

26%
19%
52%

9%

'

11%
24%
75%

146

145

84

•60%

7%

24

26
125

37%

4%

59%

114% 117
78% 86%
13% 17

8% 19%
tl8%
28% 26%
19%
20
53% 53%
10%
9%
12% 11%

35
75

89%

UK)
24

102
24

65

3%

53%
80%
6

3%

x58%

53

18%
40%
156
154% 156
'41% 40% 41%
x-J6%
91
89% x86

44
155

x90 %

H

L.& 8.

7%

*57%

x75% "73% "84% '83%
14% 16% 16%
15

Rcnsscl'r& Saratoga. xlOl
Rome \Vat.& Ogdens. 18
Alton & T.
pref
do
28%
8t.LI.Mt. & 8o.,assd.
17%
St. L. Kans. C. & No.
St. L.

6%

1115

.

do

123 '4

9%

47%

xll8% 117% 119% 119
New York Elevated 131 % xl24% xl29 tl24%
164
162
N. Y. N. H. & Hartf'rd*xl64
16% 17% 17%
Northern PacitlcJ
47% 48% 47%
pf.;
do
16%
Ohio & Mississippi ...
13% 13% 17
37% 47%* 47%
pref.
36
do
155
X155
150
Panama
110% 110%
Pittsb.Ft.W.&C.guar. *x09% 109

do
do

106% 102 123%
105 100% 123%
105% 101% 123%

54%
6%

8%

13%

27%
51%
82%
26%
18

Cin. 1 8t pf

2d pf
Metropolitan Elev

50%

6478

37%

do

St.

100%
100%
100%
100%
101%
101%

106*4 102

&

Mur'ttn

92
42

61
55

114
119

August.

Low. High. Aug.30.
90
92
40
41%
48% 45% 68
63
58
60% 58

92
42

50%
90%
03%
94%

20

Houst.

<fc Chicago
Kansas Pacific
L ike Shore
Louisville & Nashv..
Manhattan

84
114
116

41%
x

Illinois

6%
8%

-July.
High. J'ly31.

«4% 61'e 70
64%
96% 96% 92% 97% 96
74% 74% 72% 80% 75%
99% 99% 90
99% 97%
xl37% xl39%xl39% 138% 141% •138%
12
11
11% 11% 112
-38
41
33% 32
43% 42
38
53% 52% 4S% 55
52% 50
x98% 100% x98%
100
100
97% 97
7%
7%
9% -7%
6%
6%
7%
58% 56% 62% 62% 53% 62% 54%

.lolict

City

Bank Statements.
Loans and

money on

RAILROAD AND MISCELLANEOUS STOCKS.
The stock market showed a larger business than in July, but
there was at times some depression in prices. The most salient
point of the month's operations was the speculation in Lake
Shore & Michigan Southern, which advanced from 80)6 at the
close of July to 93 August 12, on reports of a coming lease to
the New York Central, and then broke down to 83% on August
15, after the failure to take any action in regard to a lease.
The granger stocks were very strong on the crop prospects.
The coal stocks fell off after the decline in coal and were near
their lowest prices at the close of the month.
The following table will show the lowest, highest, and closing prices of railway and miscellaneous stocks at the New York
Stock Exchange during the months of July and August:
RANGE OF STOCKS IN JULY AND AUGUST.

'

79%

U60

'112
120
110

•15

27%
20%
54%
11%
16%
40%
124
78

147% 145

37%

34%

40

36%

65

64

35%

62
34

37%

35%

90%

88%

95%

93

time
'Prices bid. t Prices asked. ; Tbis stock was sold for the first ror
given
at the N. Y. Stock Exchange on July 30 hence the range here
July covers two days only.
;

—

.

.

,:

THE CHRONICLE

210

August.
July.
J'ne30. Low. High. J'ly31. Low. High. Aug.31.
106*2 xl03>4
105% 103>4 107
103% 100
45
47^ 45
46% 48
x*46>a
47»s
46ia x42
x41>3
47
48»a
47*a
46H
.

ExrRESS.

Adams
American
United Htat.cs
Wells, Fargo

&

100

Co....

x96>4 100

.

i

x97>4

97

6%

6
38

100

99

[Vol. XXIX.

THE DEBT STATEMENT FOR AUGUST,
The following

33

Homestake Mining.. *x37

63e

38% *x37 78
2% "2?s

37

2%

Leadville Mining.;

-13
*150

"13

Marvland Coal

152
Pennsylvania Coal... "150
4
Mariposa Land & M.
*4>a
6>2
pref.
*4%
do
38*3
Ontario Silver Mln'g. *38%
Quicksilver Mining
14
pref
36
do
Standard Cons. Min'g x31>a x25?g
Wilkesbarre Coal &
Various.

152
4

Cent. N.J. L'd & Imp.
Bel. & Hudson Canal
Pacific Mail
Pullman Palace Car..

150

41^ *40
15ia

*13%

40

*38

31»s x29ia

40

41

*15
48ia
153s
82*3

46 J4
14

50%

4^

Sutro Tunnel Co

t41

»15

15?e
91

88*3
4*8

4%

"5

39>2

38

2%

50
15
t89
4>a

12>3

15
155

4m
14^

41
14
38
24

40%
29%

3%
41
15

42%
14^2

87
4

*2>4

*41
*13ia
*37>3

26

7
*38
*15
43>4

42
15
50
18
88

18

4*2

4

stock was sold for the first time
t
J
at the N. Y. Stock Exchange on July 30 hence, the range here given
only.
tor July covers two days
* Prices bid.

Prices asked.

Amount Oustanding.
Character of

Author-

Issue.

izing Act.

150

2^

2H

6^

*38%

6*2

2<Ss

12i-i

1.

Canton

official

INTEREST-BEARING DEBT.

33

6*8

1879.

statement of the public debt as
appears from the books and Treasurer's returns at the close of
business on the last day of August, 1879:

Coal and Mixing.
American Coal
C»ril>ouConsol. Min.t

the

is

Tills

;

6s of 1880
6s,

Feb.

n

8,'61
2,'61

Oregon War Mar.

6s of 1881
6s of 1881
58 of 1881
4i2S0f 1891...
4s of 1907

July
Mar.
July
July
July

4s, rcf und'g ctfs.
3s, navy pens, f 'd

Feb. 26,'79
July 23,'68

17,'61
3,*63
14,'70
14,'70
14,'70

Registered.

1880
1881
1881
1881
1881
1891
1907

Coupon.

14,166,000

$4,249,000
945,000
'l34,359,906
54,961,450
56,549,400
18,450,600
273,482,800 234,957,550
166,108,950
83,891,050
466,386,300 270,012,500
11,111,053,350 $667,467,150

$4,396,500
14,000,000

Aggregate of interest-bearing debt.

The

$1,796,917,000

or denominations, of each issue of bonds are as follows
(0) Coupon, $1,000; registered, $1,000, $5,000 and $10,000.
(6) $50,
$100 and $500. (c) Coupon, $50, $100, $500 and $1,000 registered,
same, and also $5,000 and $10,000.
sizes,

;

EXCHANGE.
On the above issues of bonds there is a total of $4,693,522 of interest
over-due and not yet called for. The total current accrued Interest to
Foreign exchange drooped, and importations of specie became date is $12,776,450.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
large. With the prospect of very heavy shipments of produce
There is a total of over-due debt yet outstanding, which has never
daring the autumn and large shipments of bonds and specie
been presented for payment, of $41,140,910 principal and $1,836,567
from Europe to this_ country, there was little prospect of Interest. Of this interest, $1,700,670
is on the principal of called bonds,
as follows: 5-20s of 1862, $400,300; do 1864, $71,450; do 1865,
firmness in exchange.

$137,200; do 1865, new, $1,079,200; do 1867, $L0,696,700; do 1868,
$3,229,450; 10-40s of 1864, $24,813,200.

BANKERS' STERLING EXCHANGE FOR AUGUST, 1879.

DEBT BEARING NO INTEREST.
Demand.

60 days.

-Aug-

I..
3..

82
82

3-

®4-83
@4-83

4-84
4-84

Aug.

©4-85

18
19

oi4-85

20

3.

4..
5..
6..
7..
8..
9..
10..
11..
12..
13..
14..

82 ®4-83
82>4®4-83
82 ®4-83
82>4®4-S3
82 ®4-83
82 ©4-83

15..
16..
17..

81i»j'a4-82i2 4-83i2®4-84ifi

4-84 ®4-S5
4-84 ®4-85
4-83%o)4-85
4-84 ®4'85
4-84 ©4-85

21
22
23

.

4-83%®4'85

.
.

81i2®4-82i{! 4-83ii!®4-84ia

.

81i2®4-82i2 4-83>2®4-84i3

24.
25
26.
27.
28
29
30.
31.

.

81ia®4-82i2 4-83Hi®4-84i2
81>2®4-82i3 4-83ia®4-84J2
81 12*4-82is 4-83ifi®4-84i2

81V®4-82V) 4-83>2®4-84ia
81V34-8212 4-83J2®4-84ia
81 13®4-82i2 4-83>2®4-84Ja
81 1s®4-82ii) 4-83is®4-84i3

.

.

4-83%® 4- 85

S.

81%®4-83

.

Demand.

60 days.

.

4-83>4®4-84
4-83i4®4-84
4-83i4®4-84

80%©4-81i2 4-83 ®4-83ifl
80i2 ®4-81 1s 4-83 ®4-83ia
80iaa4-81 Is 4-83

Amount.

Authorizing Act.

July 17,'61; Feb. 12, '62
Feb. 25, '62 July 11, '62 Mar. 3 ,'63

Certificates of deposit

June

;

certificates.

March

.

$61,425
346,681,016
35,175,000
15,762,064
15,128,700
3,281,850

;

8, '72

Fractional currency.. July 17,'62

Gold

S..

81»4®4-82
81 @4-82
81 ©4-82

Character of Issue.
Old demand notes
Legal-tender notes

Mar.

:

3, '63

;

June 30,'64

3, '63

February 28, '78

Silver certificates

Aggregate of debt bearing no interest.
Unclaimed Pacific Railroad interest

$416,090,055
7,927

RECAPITULATION.

®4-83ia

8..

81>2®4-82is 4-83J2a4-84i-j Range 4-80 12a4-83

Amount

483 ®4-S5

Outstanding.

S..

Interest.

—

Interest-bearing debt

$283,681,350
508,440,350
250,000,000
736,398,800
4,396,500
14,000,000

UNITED STATES TREASURY STATEMENT.
The following statement, from the office of the Treasurer, for
September 1 was issued this week. It is based upon the actual
returns from Assistant Treasurers, depositaries and superintendents of mints and assay offices
:

LIABILITIES,

Fund

for

SEPTEMBER

1.

redemption of certificates of deposit, June

1872

Department account
Disbursing officers' balances
Fund for redemption of notes of national banks " failed,"
" in liquidation," and " reducing circulation"
Undistributed assets of failed national banks
Five per cent fund for redemption of national bank
notes
Fund for redemption of national bank gold notes
Currency and minor-coin redemption account
Fractional silver-coin redemption account
Interest account
Interest account, Pacific Railroads and L. & P. Canal
-•---

--•

S., agent forpaymg interest on D. C. bonds.
Treasurer's transfer checks outstanding
Treasurer's general account
Interest due and unpaid
$7,506,022 17
Called bonds and interest
42,977,477 51

Treasurer U.

Coin

certificates

Silver certificates

Refunding

certificates

Balance, including bullion fund

15,128,700
3,281,850
4,396,500
144,907,194

Gold coin and

SEPTEMBER

14,623,342
221,660
3,999
272.892
160,555

00
00
38
56
75

11,500 00
382,500 82

Gold

certi ttcates
8ilvcr certificates

United States notes
National bank notes...
National bank gold notes
....".?,.*.....!
Fractional currency
Deposits hold by national bank depositaries...!!.".!!...
Nickel and minor coin
New York and San Francisco exchange
8, 1872.
Quarterly interest checks and coin coupons paid
Registered and unclaimed interest paid
C. S. bonds and interest
Interest on District of Columbia bonds
Speaker's certificates
Deficits, unavailable funds
n

Total
$2,254,147,966
$19,314,466
Total debt, principal and interest, to date, including
interest due not presented for payment
$2,273,462,432

243,696,228
Debt, less cash in Treasury, Sept. 1, 187" )
Debt, less cash in Treasury, Aug. 1, 187 )

$2,029,766,204
2,033,293,600

Decrease of debt during the past mot ith
Increase of debt since June 30, 1879

$3,527,395
2,558,948

Current Liabilities—
Interest due and unpaid
Debt on which interest has ceased

1.

Fractional silver coin
Silver bHlllon

$416,090,055

4,364,41 8 56

$311,481. ,785 75

bullion

One and two-year notes, &c
Redeemed certificates of deposit, June

346,742,441
35,175,000
15,762,064
18,410,550

7,927
12,717,928 25
725,704 75

00
00
00
00

Standard silver dollars

$17,469,972
1,836,567

$1,796,917,000
41,140,910

$35,335,000 00
1,593,245 66
22,871,244 34

218,197,713 68
ASSETS,

—

8,

Post-office

C«

Debt on wh ich int. has eeas'd since mat'rity
Debt bearing no interest
Old demand and legal-tender notes

$243,696,228

Total

Available Assets—
Cash

$141,546 390 52
30,678 464 00
15.236 ,724 48
4^904 ,611 89
120 ,000 00
i 976' 960 00
70,597',606 37
4968 ,455 34
'170 ,100 00
86 359 79
35,991 267 02
1,564 ,427 33
1,156,,000 00
223 50
960 ,000 00
210 ,912 74
505 ,044 00
507 64
2 ,299 83
114 ,483 00
690 ,848 30

in the

Treasury

$243,696,228

.'

BONDS ISSUED TO THE PACIFIC RAILWAY COMPANIES.
interest payable by the united states.

Amount

Character of

Interest paid

by U.

outstanding.

Issue.

$25,885,120
Kansas Paciflo
6,303,000
Union Pacific
27,236,512
i,eoo,ooo
Central Br., U. P.
1,970,560
Western Pacific.
Sioux City & Pac.
1,628,320
Central Pacific

.

Interest

repaid by
transportat'n

Balance of
interest paid

by U.

S.

$2,813,960 $14,426,166
2,346.714
2,269,893
7,373,199
11,047,887
73,142
1,092,665
1,185,947
9,367
979,695
93,804

$13,712,450 $12,710,188 |$31,002,261

$64,623,512

Total

S.

$17,240,126
4,616,613
18,421,087
1,165,808
1,195,314
1,073,500

.

all issued under the acts of July 1
1864; they are registered bonds in the denominations
and $10,000 bear 6 per cent interest in currency
pavable January 1 and July 1, and mature 30 years from their date.

The

Pacific Railroad

1862, and July

bonds are

2,

of $1,000, $5,000

$311,481,785 75

$4,693,522
41,140,910
1,836,567
18,410,550
35,175,000
142,439,678

Interest thereon
Gold and silver certificates
U. S. notes held for redemption of certificates of deposit
Cash balance available September 1, 1879

;

.

September

I

.

THE CHRONICLE.

6, 1879.]

IMPORTS AND EXPORTS FOR JULY,

241

1879.

2^ottctargg<E0ramcvctnl £nglisb Jlcius

districts,

RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.

[Prepared by the Bureau of Statistics.

The

following

is

a statement showing, by customs

Talues of merchandise imported into and exported from the

EXCHANGE AT LONDON—

Pnw,wd States during the month of July, 1879:
Cietoms

Districts.

Domestic.

Baltimore, Md
Boston, Ac, Mass
Brazos, etc., Texas
Buffalo Creek, N. Y
Cape Vincent, N.Y
Champluln, N. Y
Charleston, B. C
Chicago, Ills

Corpus

Chrlsti,

August

Exports.

Imports.
,421,962
,679,703

77,433
180,970
22,031
180,644
25
69,139

Texas

5,551

•J

I

119,006
4,484
45,437
15,510
2,257
1,753
107,618
537
76,973
428,215
26 985,636
213,087
62,347
160,596
47,287
2,379
060,724
72,078

Mich
Galveston, Texas
Huron, Mich

Detroit,

Key West. Fla
Miami, O
Milwaukee, Wis
Minnesota, Minn
Mobile, Ala

New Haven, Conn
New Orleans, La
New York, N.Y
Niagara, N.Y
Oswegatchie, N. Y
Oswego, N. Y
Passaniaquoddy, Me
Pensaeola. Fla
Philadelphia, Pa
Portland, etc., Me
Puget's Sound, W. Ter

1,141

Richmond, Va
Texas
Sau Francisco, Cal
Savannah, Oa

2,804
2,539
733,409

Wilmington, N.

1,262
477,322

Saluria,

423

C

All other districts

Foreign

$0,147,933
4,241,249
92,695
19,256
5,073
73,844
132,371
567,414
24,782
107,128
80.500
301,701
111,180
501,477
383,501
82,300
42.829
1,119,806
844,820
28,468,272
1,906
35,475
150,958
39,553
87,820
3,413,161
101,078
19,097
156,698
61,853
1,558,925
142,315
260,810
511,083

$41,282,290 $49,985,469

Total

$3,532
62,089
64,883

646

Amsterdam
Amsterdam
Antwerp

4,138

113
37,992

1,031

23,214
596,854
19.121
6,365
2,375

2,218
28,947
2,136

$869,995

[Corrected to August 28, 1879.1

MERCHANDISE.

of
July,

1879.— Exports— Domestic

$49,985,469 $386,712,493 $701,897,391
869,995|
6,327,850
11,673,334
^50,855,464 $393,040,343 $713,570,725
Imports
41,282,290| 268,430,558 449,998.636
Excess of exports over imports
1,573,174 l$l 24,609,785 $263,572,089
Excess of imports over exports
Foreign

..

...

Total

!

1878.—Exports—Domestic

$40,428,868 ;$408,1 01 ,923 $689,538,127
1,295.312|
8,459,768
14,561,413
Total
$47,724,180 $116,561,691
04,099,540
Imports
37.061.429) 250,244,405 433 ,206,48 5
Excess of exports over imports
1,662,75 1 $166,317,286 270,893,055
Excess of Imports over exports

Foreign

..

. .

GOLD AND SILVER (COIN AND BULLION).
1879.— Exports— Domestio

$839,101
381.076
$1,223,177

Foreign
Total

Imports

1,283,101

$
Excess of imports over exports

$544,882
772,529

Foreign
Total

$13,354,273
4,617,599
$17,971,872
10,388,191
$7,583,681

$17,849,254
7,053,953
$24,903,207
19,623,124
$5,280,083

$15,066,409
4,867,456
$19,933,865
19,632,810
$301,055

$23,408,844
7,165,128
$30,573,972
30,769,476

59,924

1878.— Exports— Domestio

$1,317,411
1,955,977

Excess of exports over imports $
Excess of imports over exports

638.566

$

$50,824,570 $400,066,766
1.254.071
10,945,449
i52.078.641 $411,012,215
Total
Imports
42,565.391 278,818,749
Excess of exports over imports $9,513,250 $132,193,466
Excess of imports over exports
Foreign

.. ..

•J5.-.U

20-62
20-62

.

©20-66

Time.

Aug. 22 Short.

12-08

Aug. 22 Short.
'*
Aug. 22

25-3S

-a 20-66

Cadiz
Lisbon
90 days
Alexandria
York...
New

Bombay

....
'alcutta ....

Hong Kong

M

18

2062 >a»20-60

...

20-62 ®20-66
Short. 25-28^325-38^ Aug. 22 Choq's
3mos. 25-45%®25-48^i Aug. 22
11-85 ®ll-90
Vienna
Aug. 22 :: in"-.
«<
28-45 *28-50
Genoa
Aug. 22
"
St.Petereb'rg
24>9®21%
Aug. 20
"
4608 a>46''s
Madrid
Aug. 20

(

Rate.

25%
47-4<>

46<Va-Ki-H
52 3>52 18

30days
....
....

.

2642%
116 HO
27-95

Is.

Shanghai

Aug.
Is. 7%d.
Aug.
7 78d.»ls. 8*6 Aug.
Aug.
Aug.

22 OOilavs
21 6 mos.
•*
21

Is. 8'~d.
Is. 8>»d.

19
19

3s. SkKl.
5s.

<*

From our own correspondent.!
Losdox, Saturday, August

4-81

1M.

23, 1879.

A

moderate inquiry is experienced for money in the ope*
market, and the rate of discount is considered firm at ~/H t<> 1
per cent; but at the Bank of England the inqairy is upon a
very limited 'scale, there being a further diminution in the
total of "

other securities" of £175,834. This item now amounts
and there is reason to believe that a further
reduction will take place during the next three or four weeks.
Although the weather has been very unsettled during the week,
and a large quantity of rain has fallen, the better feeling in
mercantile circles is maintained. A fair business is still pas.
sing on American account, and there are indications of improTement in other quarters. Trade, however, is far from active,
but this is not an unusual circumstance at this period of the year
It is at all events satisfactory to be able to fray that confidence
to only £16,962,882,

is, perhaps, as much as we should
economy is still in full operation, and
the complaints from our pleasure resorts of the

slowly returning, [and this

expect.

The

policy of

great are
scanty arrivals of holiday seekers. Seaside visits, if resorted to,
are briefer than usual, and the railway companies complain

that there is a large accession of third-class traffic at the
expense of the two upper classes. The increase in third-class
traveling is due, however, to two causes: first, the necessity of
economy, and, secondly, the greater comfort which most of the
companies now afford. Some people may be of the opinion
that comfortable third-class traveling is an error from the
shareholders' point of view; but it is more than probable that

were traveling third-class not cheap and comfortable, fewer
people would travel, and the companies would suffer. The law
compels the companies to forward a parliamentary train in
each direction each day at the cost of one penny per mile; but
up to only a few years ago these trains were dispatched either
very early in the morning or late at night. Now, however,
third-class carriages are attached to the express trains, and
Manchester, Leeds, Birmingham, and all our large manufacturing towns, can be reached in a few hours at a cost of only one

The result is that not only do more people
but they travel more frequently. They also spend more
and see more, and the companies derive a corresponding benefit.
People will not, as a rule, be pressed into paying what they do
not like or cannot afford; but quick third-class traveling has
penny per mile.
travel,

195.501

TOTAL MERCHANDISE AND SPECIE.
1879.— Exports— Domestic

up.-.

EXCHANGE ON LONDON.
Latest
Date.

Paris
Paris

is

the 7 For the 12
mouths end- months ended July 31.
ed July 31.

For

month

::

I

1,784
11,183

and exports of the United
the imports
the month ending July 31, 1879, and for
the seven and the twelve months ending the same, compared
with like data for the corresponding periods of the year immediately preceding.

Exports and Imports.

12-I»a ®12-2'4
12-339 »12-4'«
,,25-52

8hort.
.

45

for

For the

Rate.

Berlin

Frankfort
Leipzig

22.

Time.

Hamburg

Below are

States

On-

$719,746,645
18,727,287
$738,473,932
469,621,760
$268,852,172

1878.—Exports—Domestic

$46,073,750 $423,168,332 $712,946,971
-.067,811
13,327,224
21,726,541
$49,041,591 $436,195,556 $734,673,512
Imports
39,017,406 269,877,215 463,975,961
Excess of exports over imports $10,024,185 $166,618,341 $270,697,551
Excess of imports over exports
Foreign

Total

become very popular of late years, duejmainly from necessity
and partly from choice. These and other economies must
eventually aid in distributing money more freely. Those who,
some years ago, were profiting by our extravagances will suffer
and as there are now greater probabilities of a more even distribution of wealth, there is reason for hoping that more money
will

be spent.

member of the Canadian Ministry at present
country has just given out orders for 65,000 tons of steel
rails, of which total, however, a moiety is for delivery duringseveral months ahead, and at higher prices than the lots for
immediate shipment. The orders ha-e been apportioned as follows: The Barrow Company, 30,000 tons; Brown Bailey & Dixon»
It is

stated that a

in this

Seliiiii & Greensboro.—This is now the name of
the road
formerly known as the Selma Marion & Memphis.
It was sold
under foreclosure in July, 1878, and bought by the bondholders,
•who have since organized under the present name. The property, however, is held by a Receiver. The road is in operation
from Junction, on the Alabama Central, 14 miles from Selma,
Ala., to Greensboro, 35 miles.— JR. H. Gazette.

the West Cumberland Iron & Steel Co.,
Workington, 10,000 tons; and the Dowlais Company, Dowlais,
10,000 tons. Prices range from £4 17«. 6d. to £4 19s. per ton,
Sheffield, 15,000 tons;

—

—

.

£

1

THE CHRONICLE

242

delivered at Montreal; the lower price for this year's consignNearly 20,000 tons of iron rails have been purchased in

ment.

M

1877
Spirits— British
gals.
Stationery— Other than paper...
Tin— Unwrought
cwt.

South Wales for the United States, at prices up to
10s. per
Wool— British
Colonial and
ton, for immediate delivery. Scotch and hematite pig iron are

demand during the week, and the

in fair

quotations are as follows:
Per cent.

Bank rate.

Open-market rates
4 mouths' bauk bills
6 months' bank bills

Per cent.

mal^

1Lj®1%
Opeu-market rates
Ts® 1
30 and 00 days' bills
4 & 6 months' trade bills. 2 ®2>a
3 months' bills
?8®1
The rates of interest allowed by the joint-stock banks and
discount houses for deposits are as under:
Per cent.
Joint-stock banks
is® 1
i«
Discount houses at oall
do
with 7 and 14 days' notice of withdrawal
%
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of consols, the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers' Clearing House Return, compared with the
three previous years
1879.

1878.

Circulation, including
£
bauk post bills
29,106,076
Public deposits
5,531,819
Other deposits
31,058,180

s>

1877.

1876.

&

&

27,779.482 28,531,103 28,611.333
3,055,349
4,295,440
5,305,036
20,967,427 22,771,398 28,252,255
Govemm't securities. 16,339.087 14.867.t78 14,990,554 12,259,133
Other securities
16,962,882 17,696.911 18.196,144 15,945,490
Res've of notes & coin 21,550,944
9,274,542 12,119,949 20,672,917
Coin and bullion in
both departments
35,379,724 21,738,957 25,323,159 33,S94,732
Proportion of reserve
to liabilities
09-90
44-24
5845
3891
Bank rate
2 p. c.
5 p. c.
2 p. c.
2 p. c.
Consols
90^8
97%
94%
94%
Eng. wheat, av. price.
49s. 5d.
01s. 9d.
44s. 2d.
45s. 5d.
Mid. Upland cotton.
69,„d.
'1 BU6»8d.
6>4d.
6d.
No. 40 mule twist
im.
lOd.
1013d.
10%d.
Clearing-House return 95,547,000 110,361,000 84,046.000 81.519.000
There has been a small inquiry for gold for exportation, but
. .

.

the movement has not assumed any degree of importance.
In the silver market there has been very little change.
Annexed are the present quotations for bullion:
gold
s.
d.
d.
s.
Bar gold, flue
per oz. standard. 77 9 ®
Bar gold, reflnable
per oz. standard. 77 IOHj®
Spanish doubloons
per oz. 73 9 ®
South American doubloons
United States gold coin

German

peroz.
peroz.
peroz.

gold coin

73 8>aa
76 3*2®
76 3Ha>

76 6

d.

d.

silver.

Bar
Bar

silver, fine
silver, contain'g

per
per

5 grs. gold

Cakesilver

523m ®
55% ®
50
®
®

peroz.
peroz.

Mexican

dollars
Chilian dollars
Quicksilver,

1

peroz

138,000
2,437,500

IK SEVEN MONTHS.
cwt.
1,263,653

1,313,360

1,567,592
31,704
192.340
10,057

yds.
yds.
yds.

£

slops

Bags and sacks
Beer and ale
Copper— Unwrought
Wrought

doz.
bbls.

cwt.
cwt.
yds.

Cotton piece goods

Lartheuware and porcelain
£
Haberdashery and millinery....
Hardware and cutlery
£
Iron— Pig
tons.
Bar, Ac
Railroad of al! sorts
Hoops,
sheets
aud
Plates

Tin plates

Castor wrought
Old, for re-manufacture
Steel— Unwrought

Lead— Pig, &c

tons.
tons.
boiler
tons.
tons.
tons.
tons.
tons.
tons.

27,730
27,753
248,287
447,135
9,068
9,031
100
863
760
42,259,200 25,822,000
343,427
330,327
168,151
189,873
177,274
175,662
26,893
14,858
2,837
2,890
1,037
568

2,093
61,857
1,464
2.096
3,639
1,784
lbs.
1,696,140
yds. 53,308,900

Jute yarn
Linen piece goods
Jute manufactures

604

394

362,800
2,825;700
54,200

20
306
32,349,700
366,215
160,852
181,303
32,495
1,869
8,957

2.918

1,870
81,860
2,827
14,257
3,270

128

214

62,476
1,173

886

1,423,800
782.000
45,910,200 50,555,700
yds. 22,815,790. 19,456,600 29,599,000
Steamengines
£
98,658
85,794
86,446
Paper— Writing or printing... cwt.
1,255
901
1,049
Other kinds, except hangings,
&c
cwt.
2,691
2,285
2,803
Salt
tons.
123,439
121,704
132,768
Silk— Broad stuffs
yds.
192,484
125,794
201,776
Ribbons
£
2.800
2,331
3,824
Other articles of silk only
£
30,998
11,712
14,075
Spirits- British
gals.
27,105
26,022
23,339
Tin— Unwrought
cwt.
19.728
5,428
13.592
Wool— British
lbs.
958,281
694,700
280,678
Colonial and foreigu
lbs.
6,056.518
4,809,497 11,953,700
Woolencloth
yds.
856,600
1,095,900
950,300
Worsted stuffs
yds. 18,204,900 19,363,500 15,105,500
Carpets, not being rugs
yds.
289,409
293,000
158,000
Large supplies of colonial wool are being daily offered at the

The demand

good and prices are firm; but the
market checks any advance.
Notwithstanding the heavy rainfall during the week, the
wheat trade has been scarcely affected. The bad weather has,
however, served to prevent a fall in prices, which would, in
consequence of large importations, have taken place, if we had
had the benefit of brilliant sunshine. The crops are nearly
public sales.

is

large quantity of produce in the

but the prospect to-day is very gloomy. Rain is falling
very heavily throughout the country, and farmers are perplexed
to know what to do. Into London, however, we are importing
more than 100,000 quarters of wheat weekly, and as the London
district does not require more than 60,000 quarters, the quietness of the wheat trade is easily accounted for.
During the week ended Aug. 16, the sales of home-grown wheat
in the 150 principal markets of England and Wales amounted
ripe,

51i$ 16 ®

oz. standard.
oz. standard.

IkaU
4
Apparel and

1879.
2,599
6,361
1,430

24,000
855,400
174,700
2,172;800
57,600

lbs.
lbs.

Carpets not being rugs

1878.
1,426
5,572

4,038
6,009
1,655
322,781
1,281,533
210,400
2,387,400
55,800

foreign

Woolen cloth
Worsted stuffs

selling largely for America.

Money has been

[Vol. XXIX.

....

*!

£6 5s. Od.
Discount, 3 per cent.
announced that the Right Hon. H. C. E. Childers, the President of the Great Western of Canada Railway
to 18,594 quarters, against 26,233 quarters last year; and it is
Company, has resigned.
estimated that in the whole kingdom they were 74,500 quarters
Subjoined are the current rates of discount at the principal
It is officially

against 105,000 quarters in 1878. Since harvest the sales in the 150

foreign centres:

Paris
Brussels

Bank

Open

rate.

market.

Pr. ct.
2>3
2*$

Pr. ct.

Amsterdam

3^

Berlin

Hamburg

4
4

Frankfort
Leipzig

4

4
4

Genoa
Geneva

3

Bank

Open

rate.

market.

Pr.

ct.

l>a®l»4 St. Petersburg ...
2>ia2»8 Vienna & Trieste.
3>8@338 Madrid, Cadiz &

6

2%®2%

5

23s®2^
2 ®2>4
2*4®2i2
3 ®3>a
3

Lisbon

&

4%

Calcutta

Copenhagen

5

®6

6

4 ®4>a 4 ®4ia

Annexed is a return showing the extent of our exports of
and Irish produce and manufactures to the United
States in July, and in the seven months ended July 31, in the
current and two preceding years:
EXPORTS IN JULY.
1877.
cwt.

Apparel and slops
Bags and sacks
Beer and ale

£
doz.
bbls.

Copper— Wrought
Cotton piece goods

Earthenware and porcelain
Haberdashery and millinery
Hardware and cutlery
Iron— Pig
Bar, &c
Railroad

Hoops,

sheets

and

Plates

Tin plates

Castor wrought
Old, for re-manufacture
Steel— Unwrought

Lead— Pig, &c
Jute yarn

Linen piece goods
Jute manufactures
Steam engines

cwt.
yds.

£
£
£

tons.
tons.
tons.
boiler
tons.
tons.
tons.
tons.
tons.
tons.
lbs.

yds.
yds.

185,538
4,470
40,167

643
45

3,436,800
50,711
25,124
29,693
2,216

684

385

131
8,267
212-

103
453
101
418,300

£
cwt.

273
514

tons.
Silk broad stuffs
yds.
Kibbous of all kinds
£
Other articles of silk only
£
Do of silk and other materials £

18,615
32,458
1,013
4,733
3,147

Other kinds
Salt

.

39

8,367,000
48,550
33,636
36,061
3,277

8,202,100
3.000.800
11,922

Paper— Writing or printing

1878.

188.665
3.488
29,353
1,090

1879.

241,214
5,354
15,819
1,056
180
6,087,000
56,192
25,425
36,534
7,206
368

85
9,761
181

13,080

158
396

3,324

89,700
5,322,500
4,035,600
11,747
23
7
22,288
21,178

394
1,028
2,145

have been 2,473,268 quarters, against 2,002,675
computed that they have been in the whole

it is

kingdom 9,893,000 quarters, against 8,011,000 quarters in the
4i8®4% corresponding period
of last season. Without reckoning the

British

Alkali

quarters; while

5>2®6

4 ®5

Oporto.

New York

principal markets

Pr. ct.

811
451

437
30
220,200
6,634,100
5,673,400

at the commencement of the
estimated that the following quantities of wheat
and flour have been placed upon the British markets since
harvest; these figures embrace a period of 51 weeks:

supplies furnished ex-granary
season,

it is

1878-9.

Imports of wheat. cwt.49, 238,937
Imports of flour
8,872,092
Sales

of

22,584
26,716
1,007
2,834
7,109

1876-7.

1875-6.

44,168.084
6,436,780

53,937,970
6,030,878

home-grown

produce

42,856,700

33,633,100

34,886,000

35,837,000

Total

90,907,729

94,793,111

85,490,870

95,955,848

Deduct
exports
wheat and flour

of

1,758,232

1,676,973

879,263

922,632

Result
39,209,497
Av'ge price of English
wheat for the season, lis. 5,1.

93,116,133

84,611,612

95,033,216

50s. Od.

54s. 5d.

45s. lid.

The following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the close of last week, compared
with the corresponding period in the three previous seasons

Indian corn
Flour

IMPORTS.
1878-9.
1877-8.
1876-7.
cwt. 49,238,937 53,333,396 44,168,084
9,993,778 13,999,451 12,473,670
11,603.595 12,155,466 12,199,949
1,578,333
1,300,376
1,882,524
1,733,767
4,472,026
2,782,195
37,723,665 37,809,669-33,375,075
6,486,786
8,872,092
7,821,615

Wheat

1878-9.
cwt. 1,583,611

Barley
Oats

108,520
106,374

Wheat
Barley
Oats
Peas

Beans

13,128

27
186

1877-8.

53,333,396
7,821,615

Peas
Beans
Indian corn
Flour

28,tf22

20,463
502,301
174.621

1877-8.
1,585,728
63,795
13,964
20,331
20,588

242,672
91,250

1876-7.

830,465
51,512
87,323
23,885
31,954
532.605
4&\803

:

1875-6.

53,987,970
8,111,889
12,295,389
1,481,040
3,163,433
31,935,728
6,080,878
1875-6.

891,753
24,342
357,340
39,694
10,857
50,504
30,879

SBITEMBEIt

6,

1S79

-

1

.

1

THE CHRONICLE

]

Business on the Stock Exchange Las been upon the most
scale, but quotations have been tolerably firm.
Money being abundant, sound stocks have been in request, and
consols have improved in value. To-day, the Stock Exchange

243

Liverpool Breadstuff! Market.-

has been elosed for repairs.
The annexed table, made up from the half-yearly statements
just published, shows the increase or decrease of train-mileage, and the train-mile earnings, both from passenger and
goods traffic, compared with last year, together with the proportion of passenger train mileage to the whole mileage run:

—

<— Goods

Passcngors.
Train mile ProTrain
earnings, pormileago 1879. 1878.iion.
d. P.ct.
inc or dec d.
Northwestern
103,929 50-7 52-4 49
*53,322 43-7 47-5 40
North Eastern
•117,732 47-4 508 36
Midland
Lancashire & York'sh.
16,993 53-0 55-3 54
*114,083 44 '8 48-2 47
Great Northern
*1 09,005 500 51-7 60
(ileal l.a<teni
South Western
06,208 573 57-1 70
South Eastern
t25.937 730 709 79
London & Brighton... 106,313 53-2 54-4 81
"1,107 48-2 505 37
Man. 8. <fc Line
*24,439 58-8 64-2 82
London C. & Dov
•4,569 1030 103-9 95
Metropolitan
Metropolitan District,
8,370 92-7 93-8 99
,

.

Train
mileage
inc.or dec
U 15,156
(565,747
'518,923
1186,865
'344,538

.

t

Minerals.
Train mile
earnings.
1879. 1878.
d.

d.

Tier.

80-7
81-8

79-3
64-9

070

972
647

ii:ii

O.V3

149,269 81-3
63,289 71-6

M

Increase.

&

».

6
f) Mil .23
Wlieat.spr'g.No.2, 1001b. 8 9
Boring, No. 3.
8 3
Wlnter,\Vest.,u.
8 11
Southern, new .
Ar.Oal. white..

70-8
104-1
98-7
77-2

50-7

Nil'.

Decrease.

bears to the whole:
Inc. of
capital,

Per

Capital expend! tui-c-

During
next Subsequent

ct. half-yr.

£

£
Northwestern
.

1-21
-39
1-40

North Eastern
Midland
Lancashire & Yorkshire
Great Northern
Great Eastern
•South Western
SouthEastern
London & Brighton

1-12
-74
1-41
-57
1-69

1-60
-26
1-35

Metropolitan
Metropolitan District

164,000
22,680

-12

por-

£

971,000 4,842,926
293,276 —829,705
850,000 2,136,961
668.390 1,949,838
393,000 1,615,553
340,000 1,410,000
130,000
—40,000
119,690
624.820
326,720
897,710
315,000 1,242,000

132

Man. S. & Line
London C. .k Dover

Pro-

To June

30, 1879. tion.

half-years.

82,619 .420
55,152 ,237
65,491 782
32,809 514
30,624 154
33,929 725
22,890 392
20,194, 239

37
37
32
43
24
31

40
40

20.0S5 809 34
23,722, 780
22,700, 062

24
47
8,709, 547 51
5,756 120 38

820,790
2,500

t.

23 O
8 9
8 3
8 11

9
9 O

—

*.

Pork, West. mess.. flhhl. 18
Bacon, long clear, cwt.. 26
•'
Short clear
26
Beef, pr. mess, $) tierce
Lam. prime West. flowt.30
Cheese. Am. choice " 29

i.

O

48
26

6

26 6

«.

Wed.

</.

O

47 O
26
26 6

9

"

—

d.

9

d.

d.

3>6%
..

..96%

-.

..

..

9

..

23
8

6

I

:i

8 11

:>

1

9

9 2

9

!l

8

96%
9

..
..

..

Frl.

d.

«.

47
26
27 O

47
26
27
31

31

29

31

Thum.

9
9

3

Frl.
d.

d.
.

8

0%

4

Thorn.

..

8

'.l

4

d.

9 ..
97%

Frl.

d.

».

23
8 8
8 3

d.

*.

48 O
26
26

30 9 30 9 30 9
29
29
29 o
London Petroleum Markit.
Sat.
Mon.
Tues.
Wed.

Pet'leiun, ref. $gal...
Pet'leum, spirits " ..

Thur*.

d.

*.

Tues.

d.

d.

Wed.

if.

23
23 6
8 9
8 8
8 3
8 3
8 11
8 11
9
9
9 O
9 8
8
4 8>s 4

9
9
California club.
9 8
9 8
Corn, mix., West.)) cent'l 4 8
4 8
Liverpool Provisions Market.
Sat.
Mon.

..

..

..

..

9
9

..
..

©ommevcial mi&l$Liscclkx\uous JJcros.
Imports and Exports for the Week.—The import* of last
week, compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $6,702,469, against JS6.512.315 the preceding week and $7,427,788 two weeks previous. The exports
for the week ended Sept. 2 amounted to $9,982,608, against
$6,211,377 last week and $7,082,345 the previous week. The
following are the imports at New York for the week ending
(for dry goods) Aug. 28 and for the week ending (for general
merchandise) Aug. 29:
FOREIGN IMl-ORTS AT NEW YORK FOR THK WEEK.

to the above figures, it may be observed tha'
most instances the miles run by empty engines, &c, are
excluded from the train mile results.
The following statement shows the increase of capital per
cent during the past half-year, the proposed capital expenditure in the half-year ending December 31, 1879, and in subseGoods
quent half-years, together with the total capital expenditure to Dry
General nidse...
June 30 last, and the proportion which the ordinary capital

With reference

in

i

Tun.

d

t.

Flour (ex. State)

82 -H

•32,080 100-2
14,476 96-6
t28,38l 77-0
•6,167 86-5 100-4
'»W»1JB

Mou

Sat.
d.

restricted

'

...

1876.
$1,060,328
2,806,183

1877.

1878.

$2,493,116
3,552,978

$2,093,449
4,027,352

1879.
$2,606,069
4,091,400

Total week
$4,467,01
Prev. reported.. 195,418,893

$6,046,091
221,342,417

120,801
tO.
6,794,942

$6,702,4G9
203,207,081

Tot. 8'ce Jan. 1. .$199,885,904

The following

$227,338,511 $192,915,743 $209,909,550

a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 2:
is

EXPORTS FROM NEW TORK FOR THE WEEK.
1877.
$7,260,965
175,537,610

1876.

For the week
Prev. reported.

$5,510,558
169,772,324

Tot. 8'ce Jan. 1.. $175.3 12,882

1373.

1879.
$9,932,603
211,079,140

$7,625,433
223.323.485

$182,798,575 $230,918,918 $221,061,748

The following will show the exports of specie from the port
of New York for the week ending Aug. 30, 1879. and also a
comparison of the total since January 1, 1879 with the corresponding totals for several previous years:

» South Western expenditure for past half-year included £151,678 for
Exeter & Crediton and Lymington purchases.

The subjoined statement shows the

last year,

and

and proportion of working expenses to gross receipts, both for 1879 and 1878:
aUto the train-mile

—Inc

,

orDe<

p.c.

.

—

expenses,

Train mile

Perm a- Loco- Repairs expenses.
nent motive
way. expen.

North Western
North Eastern
Midland
Laucash. & Yorkshire.
Great Northern
Great Eastern
South Western
South Eastern
London ic Brighton.
Man. S. A- Line
Ixmdon C. &. Dov. ..
Metropolitan
Metropolitan District.
.

t7-8

t3-2

U8-5

tl2-5
•1-5

t7-2

and

1879.

ren'is.

d.

tll-4
tl4-3

0-8

3-9
2-7
160

t9-6

14-4

•3-4

•17-9

•0-8
*l-4
•0-3
17-7
t2-3
•0-4
15-9

2-5
2-6

•1-7
•2-6

tl-2
14-9
tl-3
14-2

2-3
t7-6

Havre

Am. bars con

t2-8

•0-4
t3

•1-6
•6-4
tll-2

1878.
d.

34-9
34-2
30-6
40-2
31-6
34-2
35-8
42-4
31-3

36-6
37-0
32-6
41-5
33-

35-9
36-5

431

35-5

30-7
40-3
44-4
36-4

358

37-3

390
431

Propor'n of
oxp. to reo.
1879. 1878.
P.ct. P.ct.
52-6
53-9
51-2
52-3
52-2
52-9
56-1
55-4
561 57-2
55-7
56-9
561 54-9
52-5
50-9
48-2
49-9
51-2
521
57-5
58-8
350 35-7
43-6
40-9

taining silver.
bars containing gold..

?!-'"•

Mex. silv/bars.

11,407
25,000
164.438

Am.

increase or decrease per

cent under the heads of " maintenance of permanent way, &c,"
"locomotive expenses," and "repairs and renewals," as compared

with

AUg

26—Str. France
30—Str. Main

London

Am.

30—Str.

Mex.

Liverpool

Britannic

silv. bars.
silv. dob).

Total for the week ($221,170 silver, and $970 gold)
$222,140
Previously reported ($9,935,612 silver, and $1,944,808 gold). 11, 880.480
Tot. since Jan. 1,*79 ($10,156,782 silv.,

Same time in—
1878
1877
1876
1 875

|

and $1,945,833 gold).$12.102,620

Same time In—

$10,248,597 1874
22,739.636 1873
39,482.032 11872
62,331,172 1871
I

1

Same time In—

I

$41,449,354
40.730,429
56.916,602
54.2M6.201

I

1870
1869
1863
1807

$40,608,939
25.217.626
65,022,531
40.939,922

The imports

of specie at this port for the same periods have
been as follows:
Aug.
25— Str. Acapulco
Aspinwall
Am. silver
$0,343
Am. gold
1,800
Foreign silver.
2,070
Foreign gold...
431

Goldbais

348

Gold dust

8.000
4.551
2,000
5,893

Silver bars
*

Increase.

t

Decrc ase.

25—Str.

City of Merida... Havana

25— Str.

Hadji

The daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:

Bristol

Aug.
Silver per oz
Consos for money
Consols for account

d.

0f 9
v,
a
I 1891
?}*;
U-g.4%sof

5L

U.S. 4s of 1907
Ene, common stock
Illinois Central
Pfiiiisy Ivania........

Philiulili.hiai Reading.

Mon.
Sept.

30.

1.

5lh B
97%
97%

Si's

10558

108%
104%

25%
89%
42
18

97H 16
97H 16

1050«

108%
104%
24%
89%
42%
17%

Tues.
Sept.
2.

513s
9 7 n 18
9711 6

105%
108

104%
25%
89%

42%

18%

'

Wed.

Thurs.

Frl.

Sept.

Sept.

Sept.

3.

4.

5.

51%

51%

51%

9713,,,

9.713,,,

9713,,
9713,"

& Aquadilla.Am.
Am.

Gold bars

Hamilton

Am. silver
Am. gold
Am. silver

Curacoa
S.Jago

6c

Am. gold
Foreign silver.
Foreign gold...

27—Str.

City of Para

27-Str. Bothnia

St.

Thomas

Liverpool

Am. silver
Am. gold
Am. gold
Gold bars
Foreign gold...
Gold bars

28-Str. Canada

Liverpool

28—Str. Atlas
28—Str. Niagara
30—Str. Mosel

JacmelA AuxCayes.Am.

26

89%
42%
19%

26%
89%
43

19
Liverpool Cotton Market.—Sue special report on cotton.

28%
89%
43%

.

Ara.gold
CienfucgosAm. silver

108%
104%

108
105

gold

Liverpool

97131b 9713{o
105%'°
105% 105%

108
105

silver

Foreign gold.

25—Str. Britannic
25—Str. Bermuda

25— Bark Curacoa
London Money and Stock Market.—The bullion in the Bank
26- Str. Santiago
of England has decreased £190,000 during the week.
Sat.

Am. sliver
Am. gold
Foreign silver.
Foreign gold ..

English market Reports— Per Cable.

970

Havana
Bremen

silver

Foreign gold ..

Gold bars

189,354
1 56,705
53.303
5,631
3,393
389,520
943
8,883
164
100
15.536

666
1.200
1,356
14,048

387
268.058
369.453
121,730
992,245
1.850

233,700
102,197

Total for the week ($291,973 silver, and $2,670,551 gold) ....$2,962,524
Previously reported ($5,590,732 silver, and $4,145,055 gold). 9,735,787
Tot. since Jan.

1/79 ($5,882,705

silv.,

and $6,815,606

gold). $12,693,311

..

..

—

..
.

:

THE CHRONICLE.

244

Same time in—
Same time in
1874
$7,751,653
$4,107,706 1870
1873
9,875,312
3,058,749 1869
1872
2,885,404 1868
5,642,991
1871
7.596,816
Canal Tolls and Business. Mr. (J. W. Schuyler, the Canal
Auditor, furnishes the following comparative statement, showing
the total quantity (in tons) of. each article cleared on the canals
from Aug 22 to Aug. 36, inclusive, 1878 and 1879:

Redeem'd and retired from Jan.
between same dates

Same time In—

1878
1877
1876
1875

$14,737,741
8,797,834
3,423,546
8,376,717

1879.

Articles.

Tolls
$48,246 $42,185
Total miles boats
cleared
|361,423'402,719

Tons.

46,522

369

700

1,076

2,125
1,026
2,419

Shingles

Timber

806

Staves

Wood

1,551

Ashes, pot & pearl
'Ashes, leaohed.

Tons.
51,033

108

469

1,156
12

.

"Pork
•Cheese

5
2

2

"Lard, tallow, and
lard oil

13
39
86
119

"Wool
Hides

Flour
Wheat
Bye

50,289
3,896
34,345

Corn
•Corn meal
Barley malt
Oate

"'700
3,137

Bran & ship stuffs.
Peas and beans.

30

127
49,807
3,'S72

17,385
12
181
166
61

"Domestic

20
229
4

spirits.

"Leather
Furniture
"Bar and pig lead.
Pig iron
Bloom & bar iron
Cast'gs & iron w're
"Domestic w'lens
"Domestic cottons

Domestic

Potatoes
"Dried fruit
"Cotton
"Unmanuf. tob

"27

5

241

30

43 5
.

salt

banknotes

1,423

6,199

4,523

On

31

756

478

2,369

3,540

734

265
89

U. S. Bonds held as security for
National Banks.—
June 30.
July 31.
Aug. 31.
Bonds for circulation deposited.
$8,732,100 $12,690,750 $9,310,050
Bonds for circulation withdrawn. 7,899,800 13,743,550
7,872,900
Total held for circulation
354,254,600 353,201,800 355,638,950
Bonds held as security for deposits 14,446,500 14,527,400 14,747,000

1,235

. .

223

201

4,944
6,992
1,242
25,676
11,437
10,867

5,130
8,052
27,409
7,669
12,606

2,225
6,957

32
7,405

228,316

13,190

cr'de & ref 'd.

Sundries

—

844

Legal-Tender Xotes.
Deposited In Treasury under act

June 20,1874
259,650
1,787,850
259,700
Tutal now on deposit, including
liquidating banks
12,135,698 13,305,357 13,037,038
Total entered under act of Jan. 14,
1875
35,318,984 35,318,984 35,318,984
Total amount of greenbacks outstanding
346,681,016 346,681,016 346,681,016
of

46S

National

New

issued s'ce
retire
Redempt'n To
20,
Circulate
of Notes of
Total
1874.
under
Act Deposits.
Liquidat
of J'ne20,
ing Banks

deposi

Vermont
Massachusetts

Bhode

Island.

Connecticut

.

New York
New Jersey...
Pennsylvania

Delaware ....
Maryland ....
Dist. Columbia
Virginia

West Virginia.
N'rth Carolina
S'th Carolina
.

Georgia
Florida

Alabama
Mississippi

Louisiana

. .

New York

317,000
600,000
917.000
72,997
55,800
128,797
169,097 1,069,840 1,238,437
234,800 6,605,500 6,840,300
32,350
735,385
767,735
65,350 1,501,830 1,567,180
2,135,398 18,838,850 20,974,248
151,660 1,517,280 1,668,940
1,100,311 6,156,986 7,257,297
166,600
407.664
908,369
731,060
128,200

1,012,585

287,725

Tennessee
Missouri

Ohio
Indiana
Illinois
....

Iowa
Minnesota
Kansas
Nebraska

Total

917,900
138,600
67,500

Colorado

Utah
Montana
.

California
"Legal tenders

Totals

953,380
437,675

1.812,980
835,164
1,788,879
1,001,060
1,140,785
953,380
725,400

128,835
34,936
302,831
127,965
227,046
39,805
99,970

94,500

94,500

"673

2,099.250
229,340
144,000
3,441,933
533,859
3,607,410

2,745,000
239,340
144,000
2,071,800
814,760
4,605,920
4,467,541
6,624,080
7,954,380
2,456,995
1,505,299
2,340,124
1,736,540
972,271
233,080

258,528
2,465
9,292
413,085
121,831
794,554
1,107,244
1,751,678
971,424
443,685
353,632
448.834
298,181
275,521
11,619
2,108
30,987
21,602
4,180

427,500
880,510
270,000

645,750
10,000
629,867
280,901
998,510
1,483,319
1,135,597
1,576,634
364,500
626.860
785,169
420,095
781,721
45,000

455,400
23,400
44,600
99.000
54,000
27,000

135,083
161,1911

27,300

2.984.22-J

5,488.483
6,377,746
2,092,495
878,439
1,554,955
1,316,445
190,550
188,080

149,400
196,800
45,000

284,483
357,791
72,300

Deposited prior to June 20, 1874, and remaining at that date.
following is a statement of the Comptroller of the Currency, showing the issue and retirement of national bank notes
*

The

20, 1874,

.

.

Outstanding January 14, 1875

2,062,000
2,286,000

$13,223,000

$9,187,000

$6,315,000

236,000
1,731,000

—The

divisions.

The Eastern division includes the Second and Third avenue
roads and the Western the Sixth and Ninth avenue roads. Robert
Stewart has been appointed to the office of general superintendent on the Eastern division and Mr. Van Brocklin general superintendent, and T. T. Onderdonk assistant, of the Western division.

—

I

Ohio & Mississippi Railway. Judge Drummond has just
rendered a decision in the suit of Dimpf el against this company,
sustaining the demurrer to the bill. The decision was given at
this time in order to allow an appeal to be perfected to the October term of the Supreme Court of the United States. The
suit was brought to test the right of the present corporation to
purchase the property and also to test the validity of the bonds
issued for that purpose.

—

The attention of the cotton interest is called to the card of
Messrs. Mohr, Hanemann & Co., 123 Pearl street, New York City.
This fiym has recently been organized, and is composed of
Messrs. Wm. Mohr and Clemens Fischer, of the late firm of
Hanemann, son of Mr. J. T. HaneMohr & Co., and Mr. H.
mann, late of the old and favorably-known firm of Knoop, Hanemann & Co., of this city. These gentlemen are well known in
the cotton trade and in the South, and are active and well
qualified to execute orders, receive consignments, or transact
any business entrusted to their house.

Wm.

Wm.

—We call attention to the card
No. 7 Exchange Court,

New

York.

Owens & Mercer,
They have recently added
a produce department, and

of Messrs.

to their banking and stock business
offer reasonable terms for the purchase

and sale of " futures "
Cotton and P»oduce Exchanges. This firm
also issue a daily letter for their correspondents, giving much
valuable information to parties desiring to keep posted. The
gentlemen composing this firm are well and favorably known
on the street, and they do business strictly on commission.
on the

New York

The Ontario Silver Mining Company declares its fortyseventh dividend of 50 cents per share (for August), payable
at Wells, Fargo & Co.'s on the 15th. Transfers close on the
10th. The production of the mine from August 1st to 29th was
$124,344, assay value.

and

Outstanding when Act of June 20, 1874, was passed .... $349,894,182
Issued from June 20, 1874. to Jau. 14, 1875
$4,734,500
Redeemed and retired between same dates.
2,767,232
.

Increase from June 20, 1874, to January 14, 1875...

3.300,000
3,300,000
287,000
2,300,000

—

3,813,675
70,851,890|17,016,078 72,321,908 93,151,66lll3,037,038

and legal tender notes, under the Acts of June
January 14, 1875, to September 1, 1879:
National Bank Notes—

5,594,000
3,653,000
565,000
3,411,000

two elevated railroads will in future be united and, underlease to the Manhattan
Elevated road, will be designated the Western and Eastern

at date.

366
1,238.630
116,100
144,000
3,458,240
534,800
569,260
2.212.9XO
2,795,480
1,856,785
1,472,890
582,530
1,272,400

Nevada

Washington
Dakota

1,646,380

1,628,130
774,720

from—

Manhattan (N. T. City) Railway.

t

244,531
48,469
154,000
603,016
86,522
262,611
1,928,455
379,112
1,047,445

955,430
688,890

1,428,480
1,277,094

Boston
Philadelphia
Miscellaneous

with U. S.
Treasurer

.

....

Texas
Arkansas
Kentucky

Michigan
Wisconsin

1,416,180
504,865
1,636,310
14,725,465
771,300
2,239,540
17,245,675
1,675,165
8,396.530
173,275
670,610
455,500
674,500
56,170
1,172,660
45,700
415,950
45,000
207,000

—

Currency .328,224,197 328,490.737 329,344,147
Gold
1,467,500
1,467,500
1,448,840

1874.

Maine

Circulation

Notes ree'vd for redem'n

Legal-Tender Notes Deposited to
Retire National Bank CirculaLegal Tention since June 20, 1874.
ders
on
Circulat'n

June

Bank

circulation issued
Circulation retired
Total notes outstanding-

Additional

N. Hampshire

$35,318,984
346.681,016

—

64
659

171

under Act of January 14, 1875

TJ. S. Legal Tenders and National Bank Notes.
From the
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three months past

Articles

States and
Tkkkitories.

$13,037,038

Outstanding at date

enamel,

Total tons

80,114,623

deposit at date

Betired

417
322

249

Iron ore
Petr'lenm or earth

1

dates,

386

marked thus are in the "Free List."
Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, the
amount of Legal-Tender notes deposited in the United States
Treasury to retire National Bank circulation, from June 20, 1874,
to Sept. 1, 1879, and amount remaining on deposit at latter date.
"

$93,151,661

same

without re-issue

23

"Clover & gr'sseed
"Flaxseed

$3,813,675

89,337,986

Total deposits
Circulation redeemed by Treasurer oetween

14
5

11

Gypsuni

oil,

2

"Hemp

—

Greenbacks

deposit in the Treasury June 20, 1874, to retire notes
of insolvent and liquidating banks
Deposited from June 20, 1874, to date, to retire national

and

crock'ry, glassw.
All other mdsc
Stone, lime & clay

.

$329,344,147

1

horseshoes
Iron and steel
Railroad iron

Flint,

$22,51 7,303

Outststanding at date

On

961
289
80
370
673

Foreign salt
-Coffee
Nails, spikes,

$88,631,693
60,117,390

Decrease from January 14, 1875, to date

22
"20

1

.

*

Tons.

meal & cake.

10 Anthracite coal.
2 Bituminous coal.

.

Apples

Tons.

11,287,302

Total redeemed and surrendered
Issued between same dates

2

Sugar
Molasses
11

1879.

"Hops
"Oil

Articles.
Boardsifc scantling

1878.

14,'75, to date $77,347,391

tjiirrendcd

—

1878.

[Vol. XXIX.

1,967.268

$351,861,450

SINKING AND FINANCIAL.

!25,0OO

BONDS

first-class in \ i:vr m i; vi
8 PER CENT SEMI-ANNUAL INTEREST, GREEN
WOOD COUNTY, KANSAS.

One of the most fertile In the State.
For sale at par and accrued interest.
RIPLEY & COMPANY, 66 Broadway, N. Y.

:

September

;:

iniowi. BANKS OKQANIZBD.
States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week
2,431 — Firet National Rank of Alameda, California. Authorized capital,

Tho United

paM-tol

capital, 925,000.

Levi

.!.-

1

1

K.-.

President

Authorized to commence business
Raker, Cashier.
f
August 20, 1879.
2,432— Scotland County National Bank of Memphis, Missouri. AuthorI''

.

Jniiies \v.
ized capital, $50,000; paid-in capital, $30,000.
Harris, President; John W. Barnes, Cashier. Authorized to

commence

business September 2, 1879.

DIVIDENDS.
The following dividends have recently been announced
Per

Name of Company.

Cent.

Railroad*.

WllCH
Payable.

2%
3

I.

has shown considerable activity at the Stock Exchange, with
The return of Mr. Jay Gould from
prices generally buoyant.
Europe has been followed by a considerable advance in the prices
of the stocks of those roads embraced in his proposed combination, reaching from Omaha and Kansas City on the west, to
Toledo and Detroit on the east. The progress of absorption and
extension by the great railroad corporations of the northwest
goes on rapidly, and the mileage of new read built and acquired
by them during the present year is something remarkable. This
week one of the most important of these transactions has been
consummated in the lease to the Chicago Bock Island & Pacific
Company of the Burlington Cedar Bapids & Northern the same
lease in substance having already been offered to and accepted by
the Chicago & Northwestern Bailway. The eagerness of this
sort of operation, in which reorganized railroads are taken up
with a permanent guarantee of interest and dividends, is worthy
The leases in
of the thoughtful consideration of stockholders.
most, if not all, cases require their approval, and if there is any
question in each case whether or not the lease will be remunerative, the subject should meet with thorough investigation when it
is presented to stockholders for their approval.
At all events,
and without regard to any specified leases or contracts, it is evident to the most casual observer that our railroad history is repeating itself. From 1868 to 1873, in the five years preceding
the panic, the large railroad corporations were extending themselves in every direction, and leases and consolidations were very
numerous, it being rather the exception than the rule that a
prominent railroad corporation did not absorb all the minor lines
within its reach. The two most notable exceptions to this policy
at that time were the New York Central and the Chicago &
Bock Island Companies, for although the former did consolidate
with Hudson Biver and lease the Harlem roads, these were
already virtually a part of the main line, and the Central never
burdened itself with lateral roads. So far as these two roads are
concerned their relatively cautious management at that time has
been sufficiently justified by the result, as both have earned and
faid in every year snee a dividend of not less than 8 per cent,
t would be far too broad an assertion that leases do not pay the

—

lessee in case the net earnings of the leased road fall short of the
rental paid, because the business of the main line derived from
the leased road may be more than sufficient to equal the deficit,
or the location of the leased road may be such that it is a paramount necessity for the lessee to have control of it. But the
purpose of these remarks is simply to call the attention of stockholders to the fact that a permanent lease at a fixed rental is a
contract of so great and lasting importance for or against the interests of the lessee company, that it should never be entered
into without the most careful consideration.
Our money market has relaxed this week, and the prevailing
rate for call loans has been 5@6 per cent. Prime commercial
paper of GO to 90 days sells at 5J@G per cent, according to the
time it has to run.
The Bank of England weekly statement on Thursday showed
a loss of £190,000, but the reserve was 58 3-16 per cent of liabilities, against 58| the previous week; the discount rate remains at
2 per cent, while bills in the open market are about 1J per cent.
In the Bank of France specie decreased 30,861,000 francs.
The last statement of the New York City Clearing-House banks,
issued August 30, showed an increase of $1,278,425 in the excess
ahove their 25 per cent legal reserve, the whole of such excess
being $3,759,650, against $2,481,225 the previous week.
The following table shows the changes"from the previous week
years.

1879.

Differ'nces fr'ni

Aug. 30.

1878.

previous week.

Aug. 31.

1877.
Sept.

1.

Loans and dis. $258. 100,300 l)ec.$5,40!l.ROO $239,131,700 $243,778,700
Circulation

..

Net deposits
Legal tenders.

J 9.684,700 Inc.
53,600
20.942.500! Inc
11 3.000
228.817. lOO'Dee. 7,136.500
41,279,300 Dee.
559,300
.

reduction of the balance during the month of August of
$61,016,199. The amount of called bonds outstanding Septem*
ber 1, 1879, is $43,846,074.
Closing prices at the N. Y. Board have been as follows:

17.000.300
19,438,700
210,161,100
53,948,500

10,030.100
15,383,300
209,450,700
48.130,100

Aug.

Interest
Periods.

1880
1880
68,1881
6s, 1881
5s, 1881
5s, 1881
4%s, 1891
4%s. 1891
4s, 1907
4s, 1907

Sent

coup.
reg.
reg.

coup.

104%'«:04% •104% 104
'.04% 104 %
105%;*x04% •104%! •104% •104% 104%
101% xOOU •100% •100% 100% 100%

reg.

coup.
reg.

101% 101% 101% 101% 101% 1013g

coup.

121

121

•121

•121
•121
•121
•121
•121

121% •121% *121
'121% •121

122
122

the price bid

:

•122

•121

•121
•121
•121
•121

122% •122% •131
no sale was made at the Board.

in prices since January 1, 1879, and the
class of bonds outstanding Sept. 1, 1879,

Range

Highest.

121
amount

were as

8ept. 1, 1879.

Registered.

Coupon.

I

103% Aug. 39

101 %
4%s, 1891.. cp. 104
4s, 1907.... cp.
6s, cur'noy.reg.

Amount

since Jan. 1, 1879.

Lowest.

•121
•121
•121
•121

121

The range

6s, 1880-1.. cp.
5s, 1881....cp.

T-

1

coup.

. .

of each
follows:

Be

103% •103% •103% •103 3, 103=Sl
103Js "103% 103% •103% •103>s
104%! 104% •1043s 104% 104% •104%
1043b! 101*8, •104 3b •10J3, •1043s •104%
102% 102% 102%, •102% 102% 1023,
102% 102% 102% 102% •102% 1 02S|s

1895.. reg.
cur'cy, 1896.. reg.
(is, cur'cy, 1897. .reg.
(is, cur'cy, 1898. .reg.
6s, our'cy, 1899 reg.
Is

Sept.

1033s

6s, cur'cy,

This

Sept

-10314

(is,

•

Sept.

30.

reg,

6s,
6s,

FRIDAY, SEPT. 5, 1879-5 P. M.
The Money Market and Financial Situation— The week

Specie

active this week, on a generally good business.
There has been
a well-distributed demand from the different classes of buyers.
The called bonds paid during August, the settlements with the
banks, &c., were as follows: There were redeemed of called
bonds $37,595,400, as follows: Loans of 1858, $5,000: 5-20s.
?1 1,593,900; 10-408, $25,996,500; of the proceeds of which
$25,049,418 were paid
by checks, and $13,155,376 were
credited in loan account to the depository banks. The balance
on loan account to the banks on July 31 was $86,537,170; at
the close of business August 30 it was $25,520,970, showing *

Books rinsed
(Days Inclusive.)

Oct. 1. Sept. 21 to Oct.
Oct. 1.

and a comparison with the two preceding

215

United State* Hond«._« vernment bonds have been more

fflmkzxs' (&vlzzUz.

30,000;

.

THE CHRONICLE.

6, 1879. J

ghe

.

99

119%

107?b June 23 $205,075,300 $77,66 1.050
Aug. 37 107% Jan. 15 273,482.800 234,957,550
Men. 31 108 May 81 16(i,lOM,<)50
83.891,050
Apr. 1 103% May 81 466,380,300; 270,012,500
Jan. 4 128 May 31
64,623.5121

Closing prices of securities in London for three
the range since Jan. 1, 1879, were as follows:

Aug. Aug. Sept
22.

U.S. 5s of 1881
U. 8. 4%sof 1891
U.S. 4s of 1907

Range

29.

weeks past and

slnoa Jan.

Lowest.

105V 105%

1.

l-i79.

Highest.

July 10 109% Jan. 4
106% Mch. 24U10 May 2
UOl Mc-li. 2(M05%May 22

105%; 105

108%!108%|108
10434 104°mI105
1

—

State and Railroad Roods. There has been very little doing
Southern State bonds.
Railroad bonds have been active and generally strong.
The
Erie second consolidated fluctuated considerably and the bonds
sold largely, closing at 74J 475.
The Burlington Cedar Bapids
& Northern made a sharp advance to 91} on the prospect of a 5
per cent guarantee under the lease to Bock Island.
Messrs. A. H. Muller & Son sold the following at auction
in

:

Bond:

Shares.

60 Broadway Bank, $25
each
20 Broadway Insurance Co.,
$25 each
40 Tradesmen's
National
Bank, $40 each
3 Rutger'e Fire Insurance
Company, $25 each

$3,000 Evansvillc *

218%

111.

RR.

(Ev. &. Crawfordsville)
1st moit. extended 7
per cent bonds, due

207%

106%

1887
105
182

Closing prices of leading State bonds for two weeks past, and
the range since Jan. 1, 1879, have been as follows:
States.

do
*

This

is

Sept.

39.

5.

•37

Louisiana consols
Missouri 68, '89 or '90
North Carolina 6s, old
Tennessee 6s, old
Virginia Os, consul
District of

Aug.

•37

105

Range since Jan.
Lowest.

36

do
3d scries.
Columbia 3-65s.
.

•80

"84%

the price bid ; no sale

was made

1879.

69 Jan. 6
S 10734 Juno 10

July 24

103=8 Meii.
Feb.

•33% •22
18
•30% '30 '6 30
•80

1,

Highest.

8
Aug. 20
73 1» Juno 20
•II '1 Apr. 29

79% Jan.

3

25 7s June 14
42 Feb. 13
7334 Juno 30
44 Mcb. 38
88 -V May 23

at the Board.

Railroad and miscellaneous stocks.

— The

stock market

week, on very strong prices. The
coal stocks and Erie, which were then among the weakest, have
materially recovered, and close at a considerable advance in
prices.
The letters of Mr. Oowen and Mr. Dickson on the coal
question appear to be accepted as foreshadowing some sort of
combination among the coal roads. The granger stocks have
been very strong, and close several points above last week's
figures an increase of earnings in August, and the prospect of
a heavy grain traffic throughout the season, being made the basis
The Northwest stocks have not apparfor the upward turn.
ently suffered from the loss of the Burlington & Cedar Bapids
lease.
Among the most conspicuous of the low-priced stocks
have been Wabash and Kansas City & Northern preferredand
common, which are embraced in the Gould combination. Chicago St. Paul & Minneapolis stock has sold up sharply within a
few days, and closes at 40^, on the rumors of a lease to the
Northwestern and any rumor of any sort of leaso gains credence
on the street at the present time. The Vanderbilt stocks have
not been particularly active, and Lake Shore closes at 87}, Michigan Central at 81J.
has been more active than

—

;

last

...
.

.

1

;

daily highest and lowest nrices

have been as follows:

Saturday, Monday,

Tuesday, Wednes., Thursd'y,

Aug.

Sept.

Sept.

30.

1.

Sept.

2.

3.

Sept.

4.

A St.

— Latest earnings reported. —

Week or Mo.
P. 4th

Chlc.M.A St.?.
pref.

AN. W..
pref.
Chic. R.I. & P.
Chic.St.l'.AM.
Clev. C. C. A I.
do

Col.Chlc.A l.C.

Del.&H.Canal

1,309,984 1,166,270
17,399
14,693
(I.HS3
7,005
Dakota Southern. July
14,529
19,194
Dubuouc&S.CIty.Sd wkAug.
16,735
16,090
Flank. AKokomo. July
4,580
3,088
Gal.Har. &S. An. June
91,482
85,058
Gal. Houst.&H.. July
27,085
24,466
Grand Trunk. Wk.end.Aug.23 165,016 164,208
Gr't Western. Wk.end.Aug.29
89,378
89,089
Hannibal & St.Jo.3d wk Aug.
31,051
48,002
Houst. &Tcx. C.July
196,848 146,637
Int.

pref.
Illinois Cent.

.

.

I^ake Shore.

LouiBV.ANash

Mobile* Ohio... July

Mich. Central..
Mo. Kans. A T.
Mor. A Essex

Nashv.Ch.A: St. L.Vuly

1'aclflc

N.Y.L.ErieAW..May

1,350,274
6,710
Pad.&Memphi8..3dwkAug.
3,088
Phila. A Erie
July
241,018
Phila. & Reading. July
1,303,522
St.L.A.&T.H.(bis)3d wkAug.
11,330
StL. Iron Mt. & 8.3d wkAug. 101,300
3t.L.K.C.&No..2dwkAug.
56,739
St. L. & San Fran. 4th wk Aug
61,300
St.L.&S.E.-St.L..3d wkAug.
23,840
St. Paul & S. City. July
47,622
8cioto Valley
July
28,776
Sioux City & St.P. July
28,325
Southern Minn. July
50,392
Tol.Peoria.ft War .4th wkAug
24,527
Union Pacific. . . July
1 ,068,049
Wabash
4th wkAug 183,197

.

Fa.t..VEli3abetht.3dwkAug.

N.Y.C.AH. R.
H.V.1.B.4W.

do pref
Northern Pac.
pref.
do
Ohio A Miss..
Pacific Mull....

Panama
St.L&I.M.assil
St. L. K.C. A N.

do
8t.I,.

pref.

A S.Fran.

do
do

pref.
1st prf.

Sutro Tunnel.

Union

.,

3*U

4

.

77

'H 78

Pacific.

Wabash

3<Hi'

West. Un.Tel. 98j5 93
" These are the prices

I

80
03

.

1>UI and asked
no sale was made at the Board,
Total sales this week, and the range in prices for 1378 and

since Jan.

453,159
102,945
27,922
135,467
117,363
109,830
110,674
133,590

&Gt. North. 3d wkAug.

Kan.C.St.J.A C.B.July
Kansas Pacific. ..4th wk J'ly
Mo. Kans. & Tex.. 4th wkAug

Kansas

1,

1379. were as follows:

Jan.

Chic. St, P.&Miu.3dwkAug.
Clev. Mt. V. &
3d wk Aug.

UlinoisCen.(IH. )..July
do
(Iowa). .July

W.

8t. Jo.

,-

1878

1879.

wk Aug$249,000 $177,148

ChicfcNorthwcstJuly

D

Chic.

Del.Lack.A

Chic. Mil.

XXIX.

[Vol.

,

Friday,
Sept. 5

Cent, of N. J..
Chic. A Alton.
Chic. Bur. & Q.

Han. A
do

.

.

Canada South

do

:

THE CHRONICLE.

246
The

.

Exchange — Foreign exchange

1 to latest

1*79.

date.^
1878.

$5,537,000 $5,425,949
8,268,124 8,221,476
630,442
534,177
234.178
"227,868
118,328
124,301
437,244
596,576
22,953
19,003
244!6'l3

194,39'i

r.,:;:>.-,-.<;o

5,536,496
2,996,315
1,109,781
1,176,760
3,029,318
906,238
752,499

2,747,913
1,037,001
1.3S9.522

455,728 2,9<;2.(I21
77~.:«7
112,302
27,415
S59.825
9S.916
93,476 2,365,235
113,704 1,807,800
95,676
956,073
112,703
971,476
1,172,961 6,434,373
6,953
175,333
3,763
97,769
214,081 1,595.103
997,721 7,998,139
11,653
313,045
96,009 2,505,621
76,841 1,801,493
41,400
819,700
419, lss
15.728
47,720
349,775
it:;. ~u
28, 176
27,519
188,063
53,201
315,720
34,722
780,392
937,972
201,203 2,899,461
1

1.739.159
1,770,519
1,031,610

934,676
5,872,678
198,446
126,791
1.475,733
6,653,145

291,075
2,439,658
1,887,735
713,709
385,563
332,833
145,191
207,232

427,184
836,161
3,148,544

quiet and without any particular change in the prospect. The gold received in August was
about $6,000,000, and this week so far about $2,750,000 more but
withdrawals for shipment on the other side are not as large the
past few days.
Bankers' sterling bills are fold to-day on a basis
of 4.81@4.8li for sixty-day bills, and 4.83±@4.S3A, for demand.
In domestic bills the following were rates on New York to-day at
the undermentioned cities: Savannah buying par, selling $ premium Charleston easy, 3-16 selling, ± premium New Orleans
commerciial, J premium bank, i premium
St. Louis
75 discount
Chicago— firm, 1-10 discount buying; 1-10 premium selling.
Boston, 12£ cents per 1,000 discount.
The quotations for foreign exchange are as follows
is

;

Sales of

Range

Prices since Jan. 1, 1879.

Week.
Shares.

Canada Southern
Central of N. J

Chicago & Alton
Chic. Burl.& Quincy

& St. F

2,050
46,515

130

Lowest.

45 M Jan.

3

33*2 Jan.

2

75

3
7

Men.

950 lllia Jan.

102,515
do
do pref.
5,278
Chicago & North w
134,680
do pref.
do
5,550
Chic. Mil.

...
.

.

Chic. Rock M.& Pac.
Chic. St. P.& Minn.*.
Clev. Col. Cin. & Iiul.
Col. Chic.& Ind. Cent
Del. & Hudson Canal
Del. Lack. <fc Western

Hannibal
do
Illinois

&

St.

do

Jo

.

.

pref.

Central

Kansas Pacific
Lake Shore
Louisville & Nashv.

343s Jau.
74% Jan.
49=8 Jan.
76% Jan.
360 119 Jan.
10,660 21 May
1,130 34% Jan.
2,255
5 Jan.
22,152 38 Jan.
230,800 43 Jan.
15,577 13i4Jan.
13,180 34 Jan.
1,501
79>4Mch.
14,230
Ols Jan.
77,424 67 Jan.
6,410 35 Feb.
6,995 73% Jan.
9,400
5% Jan.
6,444 75*8 Jan.

4

4
3
3
8
b
2

Highest.

Low. [High.

63 "a Mch. 15
55 July 31
95 Aug. 9
12214 Feb. 19
70 Aug. 6
97% Aug. 6
so% Aug. 12
99% Aug. 12
141i» Aug. 7

45%
13V 45%
66% 85
99 ]4 114%
27 %' 54%
64
84%

47*4 Sept.

55

May

4

9=4 Aug.

•1

5138 June
62 34 July

•1
•I

10

28

i

2

for

1878.

1

May
45% May
2334

91
67
93

Aug.
Sept.

38

32*2

55^4

59% 79 13
98% 122

21
6
2
31
23
23
7
5
12
12
27
15
6

;

—

;

;

;

:

September

5

Demand.

60 days.

5.

:n'4

23

2%

6%

Prime bankers' sterling bills on London.
Good bankers' and prime commercial
Good commercial
Documentary commercial

34% 59%
41
61%
10
16%
21% 41% ?a."is (francs)
Antwerp (francs)
72% 87
4
12% Swiss (francs)
Amsterdam
(guilders)
55% 71%

Aug.
Vt 70% May
39
35
Michigan Central
2 90 34 Jan.
53*2 75
Missouri Kau. & Tex.
4 18*4 May
2
7%
Morris & Essex
3 94
Aug.
67% 89
N. Y. Cent. & Hud.R.
635 112 Mch. 2 121M June 14 103% 115
N.Y. Lake E.& West. 149,232 21*8 Jan. 4 29 14 May 5
7% 22%
do pref
7,650 37*2 Jan.
54 May 5 21% 38
Northern Pacific t
2,700 16 Aug. 9 17*2 Sept. 5
do
pref.t
4,851 4414 Aug. lid 48*8 July 31
Ohio <fc Mississippi.
29,681
7% Jan. 4 1714 Sept. 2 6% 1134
Pacific Mail
31,720 1038 Jan. 13 18% June 6 12% 23%
Panama
123 Jan. 2 160 Aug. 4 112 131
St. L. I. Mt. & South.
4,420 13 Jan. 2 30i8 May 23
5
15%
St. L. K. C. & North.
23,030
7 Jan. 2 24 Sept. 4
3>2
7%
do
pref.
26I3
41,395 2532 Jan. 2 60 Sept. 4 19
St. L. & 8. Francisco.
3,500
3*8 Jan.
8 13% Sept. 4
1*2
4%
pref.
do
7,145
Jan. '.'1 19
132
Sept. 4
534
do
1st pref.
6,175
9% Jan. 2;t 44% Aug. 22 512 11%
Sutro Tunnel
3,100
2% Jau. L« 4% Mch. 17 312 5
Union Pacific
5,539 57Hs Jan. :u 81 Feb. 19 6II4 73
Wabash
63,335 17% Mch. 18 40 Aug. 2 12% 23%
Western Union Tel
22,631
88% Aug. 4 116 June 11 7534 102
* Range here given is from May 5.
t Range from July 30.
Total sales of the week in leading stocks were as follows.
<;

—

—

—

;

.

.

4.80%a4.82

4.833 4 ®4.84

4.803434.81

4.82%®4.83%

4.791s 3>4.80 34
4.79 ®4.79%

4.81

»

5.2g%®5.24%
5.28%®5.24%
5.28%»5.24%
3912 3 39%

Hamburg

5.2634 •as. 21%

5.2634®5.21%
3934® 40

93%a
93%®
93%®
93%®

"
93%
93%
93%
93%

9334 i8

(reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)

93 34 ®
9334®
9334®

®4.81%

5.2634*5.21%

9414
9434
9434

94 14

1

>

. .

:

.

m

.

Wabash
Aug. 30
Sept.

1

"

2
3
4
5

"
"

"

Total.

8,250
7,310
12,025
11.200
16,700
7,850
..

St.

North-

Paul.

west.

12,650
21,300
10,700
13,035
19,710
25,120

19,900
16,040
7,985
14,625
38,210
37,920

Central |N. Y. L. Lake
West. of N. J. E. & W. Shore.

Del. L.

&

4.550 16,150
11,625 11,410
11,820
8,440
6,900 23,350
5.220 41,290
6,400 48,592

29,480
59.soo
50,300
34,400
20,300
37,520

8,345
7,600
4,122
12,250
25,107

20,000

63,335 102,515 134,680'230,800

46,515 149.232

77,424

The total number of shares of stock outstanding is given in the
<
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the gross 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.^
Week or Mo. 1879.
1878.
1879.
1878.
Ala. Gt.Sonthcrn. Juno
$23,263 $20 950
$
$
Atch.Top. c&S. F.3dwkAug. 144,000 117,338 3,592,018 2,181,839
Atl.&Gt. West... July
358,105 307,188
Atlantic Miss.&O. July
138,224 127 441
853,710
889,251
Bur.C.Rap.&N..3dwkAug.
29.977
23,740
838,913
952.483
Burl.&Mo.R.mN.Jnnc
140,736
802. <N«
90,590
735,08
Cairo&St.Louis.. 2d wkAug.
6.010
4,793
142,513
137,980
Central Pacific. ..July
1,442,000 1,533,702 9,231,320 9,367,807
Chcs. & Ohio. ..July
173,383 140,262
986,191 1,044,678
Chicago <t Alton. 4th wk Aug 143.373 141,387 3,302,963 3,000,747
Chic. Burl. &Q... June
1,160.968
897,090 6,510,239 6,417,791
Chic. & East. Ill .3d wk Aug.
19,926
18,699

—

.

in gold for various coins:

Dimes

&

is

dimes.

—
—

99%® —100

Silver 14s and %s.
3 85
99%® —100
— 92 ® — 95
4 76
Fivefrancs
4 00
Mexican dollars.. — 87 ® — 87%
®15 65
English silver
4 75 ® 4 80
®15 60
Prus. silv. thalers. — 68 ® — 70%
— 9934 ® — 9913
Fine silver bars
1 1134® 1 1214 Trade dollars
Fine gold bars.
par.®34 piem. New silver dollars — 99% * par.
Boston Ifankn.— The following are the totals of the Boston
banks for a series of weeks past:

Napoleons
3 82
Reichmarks. 4 72
XGuilders
3 93
Span'hDoubloons.15 50
Mex. Doubloons.. 15 45

XX

Loans.
1

7
II.

"

m

'•

28.
5.

May
"

12.

"

111.

JM

•.'<;.

June
"
..

2.
H,

in

"
"

BH
Mil

July
"

7.

14

"

'.'1

"

as.
4.

Aug
"

II

is
KB.

"

Sept

.

1.

®
®
®

L. Tenders. Deposits. Circulation. Agg.Clear.
t
I
25,827.800
44.070,942
4,294,700
64,221,500
3,805.800
03,871,000
26.014,200
47.207,302
20.215,000
51,036,677
3.483,700
62,908,000
20,230,200
8,827,800
60,252,400
47.978,840
20.209,600
50,505,511
3,863,000
60,023,000
20,228,800
4.104,300 •42,865,800
50,552,817
3.589,200 44,103,000
26.218,400
48,456,247
26.30II.2IKI
46,518,810
3.165,800 44,101, 200
44.033,227
3.886.700 43,805,000
26.437,800
26.569,000
51.329,031
4.168,200 44.391,200
8.550.4(10
4,165,500 •43,097,000
20,704.100
49,418,570
26,675.100
45,176,053
3,557,700
4,118,400 •43,608,400
20,578.300
47,775,068
3.547.400
4,433.500 »44.7t»5,300
3.585.200
4.717,100 •45,332,100
26,640.000
51,738,637
26,91 5,300
47.866,112
3,620,400
5,433,900 •45,858.600
Specie.

I
Anri

"

Whole stock. 160.000 154,042 149,886 524.000 175.400 780,000 494.665

.

The following are quotations
Sovereigns
$4 81 *$4 85

130.001,100
138,300,400
137,460,400
ia»,102.600
133.2-.a5.500

132,053,200
130.206,000
130,331,800
120,480.000
120,073,500
130,510.500
130.063.600
130,583.:i00

134,824.800
129,031,700
128,006,500
127.S06.500
198,035.600
129,133.000
180,578,100
131,174,200
129,447,200

3,646.200
3,084,300
3,055,800
3,627,700
8,600,100
3,583.200
8.556,100
3.577,700
3,563,400
3.948,500

3.500,000
3,572,600
3.567,500
3,561,200
3,406,300
8,474,900
3,531,200

5,800,800
5,386,300
5,354.200
5.643,000
5,159,100
4,777,000
4,375.200

Other than Government and hanks,

'

Philadelphia

Bank*— The

•47,007,900
•46,772,700
•46,838,500
•46,854.000
•45.808,800
•44,408,800
•42,945,600

less Clearing

20,538,700
26.572,500
26,836.200
20.700.60(1

26,749,800
26.832,100
26,981,400

411.241,607

43,383,417
43.253,351
43.813.373
48,193.104
51,820,024
44.612,558

House checks.

totals of the Philadelphia

banks

are as follows
Loans. Lawful Money. Deposits

Circulation. Agg. Clear.

$
April 7
» 14
'•

21

••

28

May 6

"
12
»
10
'• 26
June 2

"
"

9
16
23
" 30
July 7
••

"14
"
21

"

28

Aug. 4
"
"

11

18
» 2-1
Sept. 1

59,994,050
60,554,971
60,548,117
60,122,582
00.174.972
59,914,320
60,160,888
60,015,891
61,429,856
61,917,078
62,036,882
61.810,186
61.740,307
62.221,496
62,171,993
61,974,527
61,415.446
61,982.961
62,740,441

02688,240
62.972,006
62,784,728

13,701,732
14,022,748
14,516,885
14,369,637
14.048,989
15,353,558
16,138,678
15,019,569
15,938,489
15,700,707
15,883,014
15,311,615
15,790,181
16,205,151
16,533,493
16.307,446
17,405.810
17,396.893
17,590,102
17.011,709
16,308,517
16,539,218

45,111.747
40.552,535
47,238,852
47.044.599
47.626.868
47,786,056
49,143,438
40,633,284
49,941,608
50,303,092
50.721,250
49,713.483
50,309.722
61,378,988
61,811,642
51,512,347
61.901.868
52.980,548
52.719.432
52,015.168
51,415,789
51,585,795

11,520,122
11,509.01"
11.510.2HO
11,508,043
11,498.821
11,492.197
11,476,011
11,405,857
11,449.130
11,431,1113

11.424,001
11.307.218
11,383,105
ll.80S.3lM
11,406,880
11,423.816
11,415,745
11,406,477
11,4877110
11,438.106
11,4:<0.589

11,445,171

38.653,745
30.561,240
38.407,056
34,295,148
87.642,886
40.010,188
38,055,672
39,353,768
31.805,488
46,780,078
38,804,585
37.570.238
34,442,141
37,780,094
34 ,090,465
37,197,358
34,940,697
35,745,884
35.702,049
38.011,866
31,318,858
90 008487

.

...

September

New York

6,

1879

Cltr

Bank*. — The

Loans and

Specie.

discounts.

New York

2,000,000
2.050,000
2,000,000
2,000,000
1,200,000

8/02,000

3,000,0011

!).2D0,400

1,000,000
1.000,000
1,000,000

2,707.000

Merch'nts' Kxeli.

000,000
300,000
1,000,000

Gallatin Nation'l

1,000,000

Butchers'&Drov.
Mechanics' ft Tr.
Greenwich..
Leather Man'f 'rs
Seventh Ward...

300,000
300.000
200,000

1,619,700
10,115,500
3,028,200
3,164,100
1,272,000
1,122,000
877,400
2.082,000
855,100

Manhattan
Merchants

Co...

Mechanics'

Union
America
Phienlx
City

Tradesmen's
Fulton
Chemical

American

Commerce
Broadway

800,000
5,000,000
5,000,000

JSxch..

1,000,000
1,000,000

Mercantile
Pacific

422,700

Republic

1,500,000
450,000

Chatham
Peoplo's

412,500
700,000

North America.

Hanover

1,000,000
500,000
3,000,000

Irving
Metropolitan
Citizens'

600,000
1.000,000
500,000

Nassau
Market
8t.

Nicholas
Leather..

500,00(1

Shoe*

500,000
1,000,000
1,000,000
300.000

Corn Exchange.
Continental
Oriental

Marine

400,000

Importers'

ft

1,500,000
8,000,000
500,000
225.000
240,000
250,000
100,000

Tr..

Park
Mech. Bkg. Ass'n
Grocers'

North River
East River

Manuf'rsA Mer..
Fourth National.
Central Nat
Second Nation'l.

.1,200,000

2,000,000
300,000
750,000
500,000
1,000,000
900,000
250,000
200,000
750.000
300,000

Ninth National..
First National

.

Third National

.

N. Y. Nat. Exch..
Bowery National
N.York County..

Germ'n Americ'n
Chase National..
Total

I
519,300
170,000
708,000
587,400
292,500
555.300
291,000
1,013,000
222,700
185,300

5,081,000
5,588,000
7.011,000
4,107,700

5,0119,50(1
2,;i 10,71 to

floo.ooo
300,01X1

State of N.York.

1,824.900
13,104,000
14,0470)00
4.983,200
3,777,700
2,113,100
4.001,200
3,148,500
1,813,200
1,905,800
5,880,400
2.457,100
12,503,000

8,040,100
2,333,200
1. 850,800
3,027,500
8.500,300
4,870,100
1,488 500
2,373,000
10,388,100
12,440,700

5,518.(100

O.OOO.ODO
2,277,000
4,210,000
9,191,400
7,483,500
1,193.600
1,310,500
1,103,700
I.II20.7IKI

786,200
511,000

Ne

C

tS

*

I

3.678,500
4,716,200
5,373,500
3,038,000

1)84,700

7,051.8110

3,517,000
5,783,000
1,880.900
1.824,000
11,118,900
8,926,800

207,81X1

1.220,000
1,182.400

1,008,000
8,813.500

871,800
30*,4oo
76,800

147,500
487,800
542,400
290,000
662,400
308,400
802,000
860,000
453,700
2,860.000
864,500
801,300
395,100
310,400
408,500
243,000
1,089,100
201,100
490,000
3, 1 17,900
3,100,800
72,800
103,500
161,500
68,800
108,800
2,504,500
1,426,000

418,000
530,000
1,768,800
1,309,000
174.100
308,000
309,100
138,100
442,000

1,79*600
1,018,000

068,000
783,500
3,080,500
779,000
1,587.100
0.833,000
9,137,700
3,593,000
3,551,800
8,171,400
1,023,300
8,013,700
1,817,100
1,931,500
5,038,400
2,366,600
10,083,000
1,133,000
1,803,91X1
1,772,50(1

1388,600
2,770,000
2,164.900
4,186,000
1,231,600

ii,;,oo

181,400
1.100

851,000
777,000
583,300
531,400
245,400
198,000
8,700
469,000
81,500
135.000
447,000
1,514,200

891,800
177,300

27b\bbo
250.200
9,838,000
233,500
3,900
345,700
450,100
450,000
4,600
778,400

17,591,600
15,303,900
402.500
608.400
840,700
608,100
351,300
14,512,200
8,011,000
2,330.000
8,870,000
10,368,000
7.979,700

1,105.500

526,800
308,800
143,700
1,091,300
1,18.5,000

209,000
586,000
79,600
708,300
868,000
825,000
180,000
840,800

The deviations from returns of previous week are as follows
Loans and discounts
Dec. .15,409,800 Net deposits
Dec. *7,186,500
:

I

Legal tenders

Dec.

The following
1878.

Dec.

53,600
559,300

Inc..

28..

.

I

Circulation

Loans.
9

Specie.
9
80,514,100

230.688,000
983,108,400
234,416,300
238,241,400
248,280,200
244,186,500
244,007,000
848,71 6.900
247,674.200
246,384,500

18,062,400
17,344,600
17,431,700
18,033,300

115,000

I

9$

are the totals for a series of

935,881,400

Inc..

weeks past

L. Tenders. Deposits. Circulation. Agg. Clear
9
9
40,787,000 803,309,709 19,576,700 385,696,134

1879.

Jan. 11.
Jan. 18.
Jan. 85.
Feb. 1.
Feb. 8.

Feb.
Feb.

Mar.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.

May
May
May
May
May

June
June

15.

81.
1.

8.

15.
22.
29.
5.

12.
19..
26..
3.

10.
17.
84.
St.
7.

14.

June31..

June

88.

July
July
July
July

12.
19.

5.

88.

Aug:.
Aiur.

9.
9.

Aug.
Aug.
Aug.

28.
30.

18.

45,055,400 200,489,800 19,785,000 484,413,285
49,965,800 311,51X1,600 19,767,600 486,222,510
53,590,600 214,981,300 19,617,600 507,831,749
54,048,800 319,819,300 19,486,600 011,674,082
I7X0.30.) 51,135,400 310,887,31X1 19,427,100 498,410,515
18,059,500 48,334,800 317,371,300 19,398,800 452,780,433
17,031,300 45,377,000 316,382,600 10,33.-),000 431,908,904
16,456,500 43,651,800 213,429,700 19.332,400 516,897,775
16,945,200 40,593,800 213,293,100 19,286,000 501,831,370
17,312.400 39,173,400 810,503.300 19,:«5,200 400,417,499
243,8311,800 18,803,700 36,972,600 206,591,400 19,290,900 413,899,7:18
240,458,500 18,446,800 34,868,900 108,945,600 19,512,100 399.878,657
2:15,830,000 18.365,000 31,815,800 193,121,700 19,635,500 461,180,857
230,442.900 18.903,900 36,145,400 195,303,700 19.698,100 423,859.550
231,151,300 18,875,600 40,078,100 300.855,000 19,721,200 487,843,450
881.096,000 18,298,100 45,824,500 204,514,900 19,707,000 503,108,030
239.857,800 18,518,800 49,440,500 814,331,700 19,883,100 548,798,635
843,941.600 18,745,600 53,576,700 994.937,900 19,688,000 591,890,770
958,838,500 18,763,900 49,150,900 830,434,700 19.685,400 598,888,201
357,630,500 18,803,400 43,284,900 837,845,000 10,856,600 589,996,936
357,378,8' K> 18,7a5,400 41,791,400 835,754,000 10,889,400 439,7.-0,895
258,338. 700 18,996,700 48.898,800 228,963,800 19,977,800 #7*388,088
236,201.000 18,780,900 44;8ol,900 287,316,700 20,056,800 450,084,041
255.001,600 10,396,900 48,859.400 226,177,000 90,156,300 456,901,901
953,575.500 10,666,400 46,909,600 890,113,800 30,371,300 4:13,735,690
857,082,500 19,889,600 49,544,600 930.007,300 30,543.900 489.588.48S
868,951,000 19,971,500 51,301,900 811,328,800 30,509,900 391,835,789
863,719,800 80,011,700 50,508,900 840,154,300 80,531,600 481,691,657
mo.SH-i.nxt 19,927.600 54,888,100 843.383,000 80.549,500 494.794,747
267,880, 100 19,653,400 57,655,100 854,770,700 30,594,800 491.715,301
978,908,000 19,681,100 50,4:15,500 953,980,200 90,688.100 560,036,583
274,811. 0(K) 10,553.800 43,1174,000 348,474,600 29,719,500 605,013.058
263.570. 100 19,631,100 41,838,600 835,953,900 90,897.500 488,688,369
958,160,300 19,684,700 41,379,300 82S,317,400 30.948,500 476,563,801

ROTATIONS

IN

SKCUBITIBS.

BOSTON.
Maine 6s
New Hampshire

Vennontss

6s

BOSTON, PHILADELPHIA AND OTHER CITIES.
Bid. Ask.

\ew York

82
87
120

New

England...

BSCURITIB8.

Rutland, preferred
Vermont ft Massachusetts.

Worcester

New York

98

ft New Keg. 7s
..
O^densDurgft Lake ch.Ss...

1031.,

100

Massachusetts 5s, gold
OldColony.ls
120
do
Boston 6s, currency
68
109X
Omaha 4 S. Western, 8s ....
do 5s, gold
Pueblo & Ark. Valley, 78
Chicago sewerage 7s
iojh lliv.,
Rutland 8a,lstmort
do
MunlLipal7s
87
90
Portland 6s
Vermont a Canada, new 8s.
Vermont ft Masa. RR.,6s
Atcb. ft Tcpekalet m.7s
114
111'..
do
land grant 7s 118J.
STOCKS.
do
2d7s
AtchHon * Topeka
x 103*( 104
113H; 118
do
land Inc. He. 108* 109
jAt.hl oi & Nebraska
48H 50
Boston * Albany 7s
131
Boston & Albany
KM
do
6s
BoBton ft Lowel'
75),
Boston 4 Lowell 7i
Boston 4 Malue.
116
116*
Bosion 4 Lowell 6s
Boston ft Providence
120
121
Boston ft Maine 7s
119
119« Burlington ft Mo. In Neb. .x 118 IK*
boston 4 Providence 7>
Cheshire preferred
88
31)
Burl. ft Mo., land grant 7s
Chic. Clinton Dub. ft Mln.... 47
115
*7*i
do
Neb. 6s
Cm. Sandusky ft Clev
107
IW7
VJ*
do
Neb. Ss, 1883
Concord
Conn, ft Passumpslc, 7s, 1891.
140 1 18
Connecticut River
Kaste.-a, Mass., 4*s, new. ...
134.
'78M 7«; Conn, ft Passumpslc
* Itch burg HE., 6s
10
Eastern (Mass.)
16*
do
7s
Eastern (New Hampshire)...
Kan. City Top. ft W., 7a, 1st
-v iY6
U7
FItchburg
do
do
7e. Inc
Kan. City Top, t WeBtern..

STATE AMD CITY BONDS.
5s.
58,
68,
68,
6s,

Int., reg. or cp.
'....
cur., reg

new,

ua

reg.,lB92-19ir.'

10-15, reg., ivn-'81.
15-W, reg., 1882-'98.

In. Plane, reg.,I8?9

Philadelphia, 5s reg
6s. old, reg
KM
do
do 6s,n., rg., prior to '95 117
do 6a, n.,rg. ,1395ft over 190
Allegheny County 5s, coup..

Allegheny City 18, reg
Pittsburg 4s, coup., 1913

109

120

UsOM

7s,w't'rln,rg.*co. 115),
105

io Is, itr.lmp.,reg.,'3S-S6.
6s, reg. and coup. .

7a, reg. ft

.

40V,

pref.

do

pref
do
new pref
do
Delaware ft Bound Brook.
Kast Pennsylvania
Elmlra ft wllliameport
do
Pref.
do
Har. P. Mt. Joy ft Lancaster
Huntingdon ft Broad Top...
do pref.
do
Lehigh Valley

i«

41*

I

41J,

13

55
...

t¥
51

45

48

Pennsylvania

4 IX

lift
10',
ISM,

lol

9«

Philadelphia ft Krle
Pulladelphla ft Reading..
Philadelphia ft Trenton....
Phtla.Wllming. ft Baltimore.
Pittsburg Tltusv. ft Buff...
St. Paul & Duluth R.R. Com

41'6

41-,i

4

14(i;i

53',

pref...

'3i..

Burlington Co. 68,'97.
CatawlBSa 1st, ib, conv., 'o2.
chat, m., 10s, '88 ..
do

Cam.

ft

.

new
do
Connecting 6s.

7s 1900
1900-1904

Chartlers Val., 1st nl. 79,C.,190:
Delaware mort., 6s, various.
Del. 4 Bound Br., 1st, 7s. 1905
Bl.ft

1st

.

gld, [sou.

Cln. 7s, VJ, F.

ft

A

S. I"3J< ioe>

111

93

...

.

CINCINNATI.
6s,

long

VA

-

do
do
do
do
do

gen. m.
gen. m.
cons.
cons.

U4(3i 115
114S* 116

118

190

!08-<

UM,

108

108

.

(is.

'43'44

do
do
do
do
do
do

IMIII.I.
104 "at !(*»

1

6s, '82 to •87........+ ;ou

«s,'97to-94

1

108

water 6s,'S7 to "89 I 108
water stock 6s, "Si.t 1119
wharf lis
1 108
lOMst
spec'ltax6sof '89.1 1,08 1098
liw, 120
Loul-vllle water 6s. Co. 190! < misi* 10*.
103« lil8i» Jeff.M.41.1stm.(l*M)7i. 8lt 100 Mm
115
1154
2dm., 7s
do
1
104
K4ie
117X iiiS
do
1st m., 7s, 1906. ..•''112), 11*
120
Loulsv.C.4Lex. Ut m.l8.*9T*
H.iu
30

,

100

Louls.4Kr'k.,Loulsv.ln,6s. 8 tOl
Loulsv. ft Nashville—
1'108
Leb. Br. 6e.'86
at m. Leb. Br. Ex.,7s,'30.b5 t 103
'

1

6s, '93.
do
Lou. In.
Jefferson Mad. ft Ind stock

11

109

i

ST.
St.

»

m

In defau'i. t Per share.
icon, to Jan.. *77 fun'ed.

t'«H

MM

I.OI

'48-.1!'.
do
do
do
2d in. 7s, p.. U
120
do
deben., cp./fi*
do
do
cpa. oft
85
do
scrip, 1832.
70
In. m.7s, cp,18E6 70),
do
do cons. m. Is, cp.,1911, 108
do cons. m. 1b, rg.,19'.].. Ill
.

1st m., 1905. t
1st m.r's, :90

Laf. 1st m. Is
73
do (I.*C.)18tm.l8,'8r + 103
Little Miami 6s, 33
+ 100
101
Cln. Ham. ft Dayton stock.
395, 3&Columbus ft Xenla stock
113
Dayton ft Michigan stock..
106
lOT
do
8. p.c. sl'k.gua
Little Miami stock
119:
ft

Louisville

Navy

in

do
do

180
110),

(

Phlla.4 Read. 1st

Dayton* West.lstm„'8i...t

.

6s, cp., 1910.
6s, rg., 1910.
ra. 6 J , rg., 1905.
m. 6s. cp., 1905. 105),
Yard 6b, rg,'31

Pe n. o ,6s. reg
Perklomen lstm.63,coup.,'9<
Phlla. ft Eric 1st m. (is, cp.,'-::
do
2d m. 7s.cp..'8S.

1

Ind. Cln.

'

littsb. Tltusv. ft B.,7s,cp.,'96
scrip
do
Pa.ftN.Y.C.ft RR. 78,1896 ....
Pennsylv., 1st m., b'B, cp., '80..

1

-.08

,

cp., 85. 109

do
2dm. 7a, cp.. '96.
do gen. m. 7s, cp., 1903.
do gen. m. 7a, reg., 190*3
Oil Creek 1st m. 7s, coup.,'8 i.

1MJ&

do
78
Ki1-808
do
lls
do
South. BR. 7-308. 1 vk !15
do
do 6s, gold t' 105
Hamilton Co., O., 6s. long., .t 102
Is, 1 to 5yrs..tll08
do
1 10
do
7&7-S0s,long.tillo
I....
Cln. ft Cov. Bridge st'k, pref. '105
Ham.
Cln.
ft D. 1st m. Is, '80 f! loOM
do
2dm. 78, '85 1 1101
Cln. Hun. ft Ind., 7b, guar
87Vi
+ 10214
Cln. ft Indiana Istm. ,8
112*
do
2d m. Is, *rj. tl 87:
Coluni. ft Xenla, 1st m. 7s, '90 101
Dayton ft Mich. 1st m. Is. 's;+ 108
do
8dm. 18,'S1.+ 108
107H
do
3d m. Is, '88+ los> iw(ti

. .

'P2

uo>

103«

.1.4.1.

m.,'90,M4

W.Md.6s,l8tm.,gr.,'90,J.4J. 113
do 1st m., 1890, J. ft J... 101
do 2dm. .guar., J.ftJ
113
do 9dm., pref
70
ft

liV

6s, 1900, A.ftO. 109

6s,

6s, 1st

.

Athens 1st g d, ;b.,'£J
J uuctlon 1st mort. b*, '82
do
2d mort. 6s, 1900
L. Sup. ft Miss., 1st in., 7s g. 5
lat,6s,cp., 1898
do reg., 1893...
do
do 21m. 7a, reg., 1910.
do con. m. ,6a, rg., 1923
do
6a '' P'.l 9 - 3
do.

f

lOdM108H 116.

Cincinnati

u

Ithacaft

Lehigh Valley,

if*

101)i
.

111

Hari isburg 1st inor'. 6s, '83..
H. ft B. T. 1st m. 7b, gold, '90. 114
2d m. 7b, gold, '95 1025, 108
do
3d m. cons. 7-,'y.">*.
do
61

m

Ohio 68, 1880, J.ftJ.
do
6s, 1885, A.ftO.

....
..

iost-41

'

mort. 7a, '88
W'msport, 1st m.,7B, 'SO. 100
5B,perp
do
tS

Kast Penn.

-as*

n

6a, coup.,
105
....
mort. 6s, '89
llSK'll*
ft Atl. 1st m. 7s, g.,1903 116
....
1879
2dm.,
7s,
cur.,
do
1031, ....

do
do

111'

110

Bait, ft

107«

3dm. 6b, '37.. 103
Camden ftAmboy 6s,coup,'83 105
'89

,

100 12.3

Istpref

do
2d, M. SN
41X
do
8s, 3d, J. 4 J
18
Union RR. 1st, guar., I. ft J., 108
Can. on endorsed. 118
do

Allegheny Val.. 7 3-108,1896...

do

117

U0»<

do
2d pref
|lcl>»
do
Wash. Branch. 100 145
do
Parkersb'g Br. .50
l
Northern Central
Western Maryland

Mar.

35*

15 «.

Par.

do 2dm.,gr.byW.Co.JftJ
do 6b. 3dm.. guar., J.ftJ.

RAILROAD BONDS.
,s.E. ext.,1910
Inc. 7s, end., '91.
Belvldere Dela. let m., 68,1902.

1

IB
11C

J.ftJ

Balt.ftOh.lo

do
« Cen. Ohio

pref

do
do

u-i
113

3s

RAILROAD STOCKS.

do

32H

118

N. W. Va. 3d m.,guar.,'S5,Jft 101
PIttsb.4 Conneirsv.-,8,'98J4J 108
Northern Central 6b, '85, JftJ 107
88

Morris

lit*

MS

RAILROAD BONDS.

Pennsylvania
Schuylkill Navigation

Cam.

Norfolk water,

108

I

Central Oblo,
Pittsburg ft Connellsvllie..50

.

CANAL STOCKS.
Chesapeake ft Delaware
Delaware Division
Lehigh Navigation

Q —J
new

106

100

6s,exeinpt,'i3.M.*8
la. 1301,
if, 19.6,

1I0>

n«

VB, I89ti.
6s,
lOI.'.UUBIlQO.,.
quarterly.
68, park, 1890. li.-M
68. 1893,M.*S..

68,1900,

7i

109
ill

6e,;866, J.ftJ

Co

lis

do pref.
do
148
United N. J. Companies
West Chester consol. pref..
Weat Jersey..:..

2d m.68.

do
do
do
do
do
do
do
do

'.i

Norrlstown
North Pennsylvania

<)o

«o»X

109&

.

6s, defense, .1.4 J..
68, exempt, 1687 ..
9s, 1890, quarterly
5s, quarterly . ...
Baltimore 6s. >S3I, quart ...

5

47),

do
Susquehanna

\i,ri tii.ici

do
do
do

f'
11

Little Schuylkill
Silnehlll

do

!!**fc

Dela. Iat6s, rg.,"8«

ft

Maryland

47X

.

CalawlBsa

NTesquehonlng Valley.

Cheeap.

it

Atlantic

do

lut>

CANAL BONDS.

IM
do
3d rn.Os. reg., 130. 74
do 6s, boatftcar,rg.,l):3
do 7b, boatftcar.ig.,:9 5
Susquehanna 6s, coup.. .9.8 .•

City 6s,

ft

90)

117)*,

Wi

coupon
coup
6b, coupon
Hsrrlsburg City 8a, coupon
RAILROAD BTOCKB.t

Cimden

17

WarrenftF. 1st m^s.Mf... '88
Weal Chester cona. 7a, '91
117
West Jersey 6a, deb.,coup.,*8i 111)
do
1st m. 6a, cp., '96 Ins
111 111. la, '9'J
112
„ do
Western Penn. KR. 6«,.>p.:»»9 103),
do
ta P. B..1W

Moms, boat loan, reg., '885.
Pennsylvania 6a, co-ir., 910..
Schuylk. Nav.iat ra.aa.r^.W.

exempt, rg. ft coup.
Camden County 6s, conp

do
Delaware

Suubury ft Krle latin.ls "in
'yra.Gcu.ft Corav.l't.lt.iims
lexu 4 Pac. 1st m ,«», g.,1906
do
cons. in. I'.^.g.i^i-,
lnc.*l. gr,7sl»(5
rr . "i ^
[fnlon 4 Tltusv. 1st m. 7s. Vc.
united N. J. cons. m. Si, •»«.

Delaware Division 6a, cp./78.
Lehigh Navlga. m.,6a, reg., *! 07«
do mort. BR., rg.,"9; 109 110.
do m. coi.v. g., rfg./tfl
ioHbS
no
do mort. gold, '97
do cons. m.7s, rg.,191'. XI
105),

do

Camden

Shauiokin V.4 Potuv.78, 1W11
Stcubcnv. ft Ind. 1st, It, 1984.
Stony Creek 1st m. ;, ,4n.
Sunb. Haz. 4 W.,lst in.^s.^ji

1

M

5s, reg. ft cp., 1913.
6s, gold, reg

do
do
do

.

I

i

39

North. Penn. 1st m. 6s,

34H
.

Phlla. WIIin.ftB.lt. 6» '84
PltU.Cln.48t. L. 7«, cou.. 'SOt

iosjy

100

PHILADELPHIA
do
do
do
do
do

Bid.

Phll.fti.'.Coaltlron ifeh. 7s.«
do
deb. 7s. cps.ofi

18

17
its

Nashua

ft

LlttleSchuylklil.lBt m.7s

dart fed ft Erie 7b. new
Ka->.Clty. 8t. Jo.ftO. B.ls.

31),

Northern of New Hampshire 85;,
Norwich A Worcester
119
Ogdensb.ft L. Cbamplaln ... 15J,
pref
do
old Colony
voea
Portland 8aco ft Portsmouth
,x "si
Pullii.a Palace Car
Arkansas
Pueblo ft
59K

ROVimil.

Phil.* B. cons.tn.6«,f. 1.1911
ioiti
do conv. 7s. 19&378. coup. Off, IB
,.. o !?. „

105

N. Jersey

858.000

1,007,000
1,109,400
1.537,700
3,159,600

141

905,600
402,600
5,400

9383,000

837.3011

Manchester ft Lawrence....
Nashua ft Lowell
109
ft

•

I

Penna. 5s, g'd,

6O.80O,8O0[85S,160,300 19,684.700 41,879,300 288.817,400 20,948.500

Specie

Bte.-Oimelnue...

,

Bid. Ask.

.

495,000
400
72,900

7,9.11,200

320,000
781,000

818,000
183,100
419,700
185,400
468,600

925,000
51,400
80,000
11,600
130.50C
188,000

2,083,300

S
1,494,200
816,700
774,700

84,000
13.500
800.300
84,000
78,400

1,008,000
1,075,100
51,800
2,700
35,000
84,700
1,000
1,125,300
450,000
183,000
865.000
1,501.300

589,900
873,600
693,700
809,000
302,200

W

Circuitoth e'r'
VikIits. .t„„ ., «
i.l.-m
Tenders.
than U. S.

800,800
8,015,200
409,400
208,700
69,500

52.800
88,000
683,400
188,000
386,000
107,400
28.3O0
22,500
25,800
305,000
74,000
5,500
19,200
21,000

1CTBITII8.

:

1,088.700
988,000
162,500
181,400

101,600
105,000

1,500,00(1

1

247

MmroN, H«II.lUKl,Pm A

following statement shows the
New York City for the week
on August 30, 1870

of business

Average amount o f
Capital.

.

Banks of

the commencement

Bunks.

tJ
t.

..
.....
.'.

THE CHRONICLE

]

condition of the Associated

ending at

—

.

.

1.(11

:oi!4

lU3tt

IV

Louis 6s, long
t
water 6e, gold
t
do
do new.*
do
do
bridge aopr., g. 68 1
do
renewal, gold, 6a.
do
sewer, g. 6s, »:-8-a.1
ao
Louis Co. new park, g. 6s. »
,

St.

do

cur.

•

t ana tn»«»-"-

,a

1

1

is"

a

-

05

108
1(A>« 107),

lOOH

v>-,\

ion*, 101H

no)*

107^

—
.

——

'

....,

—

. ..

.. .
..
,.

'

.

THE CHRONICLE.

248

...

fV0L. XXIX.

QUOTATIONS OF STOCKS AND BONDS IN
U. S. Bonds and ttttte Railroad Stocks are quote d on a previous page.

.

NEW

YORK.

Prices represent the per cent value, whatever the par

STATE BONUS
SECTHITIE8.

Bid.

Alabama-5s, 1883

if,

8s,188B
88,1888

45
45

A

Kufaula
8s, Monte.
Chatt.
8s. Ala.

£

KK

RR

211

A,2to5
8 lass B, 5s

A

Memp. A

I
Iss,

KK

A

&

.

.

new

6

7s,

1883....

1890

1879...

Bid.

New York—8s,

gold, reg.,'87
6s, gold, coup., 1887
6s, loan, 1883.
6s, do
1891

6s, do
1892
6s, do
1893
North Carolina— 6s, old.JAJ

6s, old,

15
88

37

Missouri—6s, due 1882 or '83
S
6s,duelR86
3
6s, due 1887
6s, due 1888
100«
6s, due 1889 or '90
110
Asylum or Univ., due '92
Funding, 1894-95
Hannibal A St. Jo., 1888.

gold

—6s.coupon,

do
do of 1875

.')

endorsed

Illinois

penitentiary
levee

Michigan—6s,

8

1
1
1
1
1

in?
ion
108

Connectlcut^-Os
Georgia—8s

8s,
8s,

SECUHITIES.

Missouri-Hun. A St. Jo.,'87. 104

18
18
18
18
18
18
18

new
new floating debt

8srof 1910
7s, consolidated
7s, small

50

7s,
L. Kock
7s, L.
P. fl.
N. O. KK.
7s, Miss. O.
R. 1- RR.
7s, Arkansas Central RR.

R

464

44

-70

lass C, 2 to 5
Arkansas—8s. funded
7s, L. Rock
Ft. Scott

100
100

—

6s,
6s,
7s,
6s,

20

Class

Bid. Ask.

Illinois— War loan
Kentucky—8s
Louisiana 6s

24
»4

8a of 1892
8s of 1893

7s,
7s,
7s,

SECTRITIES.

in

5s, 1888

36*

35
103
113
102
lOSihi

104W,

104*

104>2

A.AO

J. & J
do
A.AO
do
coup, off, j. A J.
do
coup, off, A.AO.
Funding act, 1886
do
1868
New bonds, J. A J
A.AO
_ do

No. Car. RR.,

RR

Chatham

105
105
105
107

Securities.

22
22

Funding
do

13
13

&

7s of 1888

SB

a*

Vlrgina—6s, old
6s, new, 1866
8
6s, new, 1867
14*
6s, consol. bonds
14
6h, ex matured coupon

8*
3

»

»

244

584
40

7

85«

Small
Registered

108

284

80

6s, consol., 2d aeries
6s, deferred
D. of Columbia— 3'05s, 1924.

s"

•10

#

new
new series

6s,
6s,

IS

jo
15

Non-f undable
Tennessee—6s, old

109

H
.'»»

act, I860
1889, J.
J...
1889, A.&O...

Land Com.,

89
89
7

Ask.

Jan. & July
April & Oct

121

1094

Bid.

it.

1044 Rhode Island—0s,coup.'98-9 112
South Carolina—6s
55

106
117
120

1

Special tax, class 1
do
class 2
do
class 3
Ohlo-8s. 1881
6s. 1888

1034

loft)

Ask.

may

854

110?*

RAILROAD ANP MISCELLANEOUS STOCKS AND BONDS.
Railroad Slocks.

—

Morris AEsa'x.b'nds, 1900 *87
do
construct'n S86H

(Active previously quoted.)

Albany & Susquehanna
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & IVo
Chesapeake & Ohio
1st pref.
do
do
do
do
2d pref.
Chicago & Alton, pref
Clev. & Pittsburg, guar
Dubuque & Sioux City

.

105

994

pref.

N.Y.Elevated

«tf 454

do

4th mortgage, 7s, 1880
5th mortgage, 7s. 1888 ...
7s, cons., gold bonds, 1920,
ex coup., Sept. ,'79 A prev
.

.

New Haven & Hartf
& Mississippi pref
W. & Chic, guar, H2M U2H Long Dock bonds
Buff. N. Y.A E, 1st m., 191B
spee'l. 102H
do
do
N.Y.L.E.AW.,n.2d,con.,6s
Rensselaer & Saratoga
do 1st, con., f cp.,7s
St. Louis Alton & T. H
do 2d,con.,f.cp.,5s,6s
do
do
pref.
15
Han. A St. Jos.—8s, conv
Terre Haute A Indianapolis
145'
Ill.Cent.—Dub.ASioux C.lst
United N. J. RR. & Canal
Dub. A Sioux C, 2d div...
Miscellaneous St' lis
Cedar F. A Minn., 1st m.
103
Adams Express
Lake ShoreAmerican Express
*m
Mich S. A N. Ind.. 8. f., 7s
United States_Express
44
Ohio

Pitts. Ft.

,

Wells, Fargo & Co
Quicksilver
pref
do
Atlantic & Pacific Tel
American District Tel
fvold & Stock Telegraph.
Canton Co., Baltimore
American Coal
Consolidation Coal of Md.,
Pennsylvania Coal
Mariposa L'd & Mining Co.
.

do

do

.

pref,

Ontario Silver Mining

B9M
134 14
894
364 37M

37

80Ji 180

US
94

•ML,

1224
1044

tils
104

North— lst,5s

Bar. Ced.R.A

Minn.& St. L., 1st, 7s, guar
Chesap.& O.— Pur. m'y fund

a

W4

&

1154 N. Y. Central-68, 1883
68,1887

Sinking fund
no's'
Jollet & Chicago, 1st m. ..
I"?
Louis'a & Mo., l st in., guar
100
2d 7s, 1900.
do
St. L. Jack. A Chic, 1st m tll24

8s, real estate
6s, subscription

N. Y. C.

Miss.Riv.Bridge,lst,s.f,6s

C hie. Bur. & Q.— 8 p.c, 1st m
Consol. mort., 7s
5s, sinking fund

tl08>i

cp.,1917

113

registered
Keok.A Des M., 1st, g., 5s
Central of N.
1st m., '90.
1st consolidated
do
assented.

11.)

6s, 1917,

,

J—

Consolidated
2d consolidated

OS
Lie
risis

1st m., Springfield div
Pacific Railroads
Central Pacific Gold bds

—

Convertible

do
assented-.
Adjustment, 1903
Lehigh & W. B., con., g'd.
assent'd
do

Cal.

102«

assented

784

cnic.Mil.A St.P.— lst,8s,P.D
2d mort., 7 3-10. P. I>...
1st m., 7s, $ gold, R. D.
1st m.,

La C. Div

lstm.,

I.

&

t89
123

tb'

n

'

i

mo'

M

uoS
in
1094
n:n 4

*..

lstm., C.AM
Con. sinking fund..
2d mortgage
1st m., 7s, I. A D. Ext

10BM

Extension bonds
1st mortgage
Coupon gold bonds

no
1117
US

2d

1st m.,6s,'95,with cp.ctfs
1st m., 6s, '96
with coup, ctfs
do
1st m., 7s, Leav. br., 96..
do
with coup, ctfs

1074

ioa
.

.

St. P., 1st

.

119

m
m

114M
114

.

18

no

. .

s. f.

lor,

1

.;

-.Hi'"

Consol. mortgage
tW.ih
C. St. L. A N. o: Ten. lien 7s
do
do 1st con. 7s bo'
Del. Lack. A West.— 2d
ioa
7s, convertible
6'
Mortgage 7a, 1907
li
Syr. Bit xh. A N. v.. 1st, 7s *iot%
Morris \ Essex, 1st m..
I224<
do
2d mort
tin" 11 14
* Prices nominal.

m

109^

una

915*

115

Tel—

"s.F.L
Columbus, Ga.— 7s, bonds..
Macon— Bonds, 7s
Memphis— Bonds, C
74
Bonds, A and B
52
Endorsed M. AC. RR..
844

4^

Compromise

524 Mobile—5s, coupons

Montgomery— New

—

511

S7
50
1D2

gold

m

years

+100
+100

(

.

(lalv.Hous.AH— 7s,

gld,'71

1194 Gr'nd R.AInrt— lst,7s,l.g.gu
1st, 7s, Id. gr., not guar.
1st, ex land grant, 7s

Cnind River Val.—8s,

115
Hill
II 1

45
14
lllll

1st

.

m

Hou8.AGt.N-l8t,7s^.,ctfs
lions. ATox.
1st, 7s, gld

C—

Western Div

634
70

Consol. bonds

115

do
2d con..
do Tr't Co.ctfs.lst con
do
do
2d con
Rome Wat, & Og— Con. 1st
+

And accrued

interest.

»%
2S->4

Oswego A

B«4 67
*

do

Rome— 7s.

Peoria Pekin

No price to-day

;

Consol.. end. by Savan'h..
"

1211

Cent. Georgia— Cons. m„
Stock
Charl'te Col.A A.—Cons., 7b
2d mortgage. 7s
EastTenn. A Georgia—6s

llii'

E.

Kill

Stock
Georgia

1(17'

114

75

E.Tonn.A Va.—8s.end.Tenn
Tenn. Va. A Ga.-lst, 7s.

574
89
88
Ii«

mi

Stock
Greenville
9, guar

u'(i'

ids'

88
98

W

>

other.
guar..

A J.— 1st m

. .

Stock

85

2d, 7s
Lit. Rock— 1st, 4s.
.Mississippi Cent —lstm., 7s
2d inort., 8s
Miss.
1st m., 8s,
1st mortgage, 8s. B

A

A Tenn—

Mobile A Ohio— Sterling, 8s

ex

Sterling,

cert., 6s

Ss. interest

st

.

«s,

Tenn.

A

.

Pac. Br.

.

1054 1064 N( irtheast

..

8.

C—1st m., 8s.

2d mortgage, 8s

Orange

A Alex'a— lsts, 6s.

2ds,«s
55
7s

.'ids.

ss

4ths, Ss
Rich. A Dan.— 1st consol., 6s

Southw. Ga.—Conv.,
Stock

7s, '86.

'

1IH',..,

45
is

9
15

S.

Carolina

RR.— 1st

m., 7s.

non-enjoined
Savan'h A Char.— 1st m. 7s.
Cha'ston A Sav., 6s, end.
West Ala.— 1st mort., 8s
2d mort.. ss, guar
7s, 1902,

82
92

105"
112
113
101

103
110
10a
110
60
80
75
75
20
20
25
35
15
20
25
50

40
90
90
25
32
26
105
103
115
108

72
72
79

100
105

40
110

70
97
75
95
100

1004
45
112
101

90
55
100
100

75
5
45
104
104
115
92

85
85
70
25
S.S-,

39
113
107

1024

94*
95
107
105
102
112
100

98

954
67
29
95
108
80
95
40

110
106
106
100
984"
«7'.j

31

98
100
50

,

PAST-DUE COUPONS.

17
01',

jTennesssee State coupons.
Soith Carolina consol

liio'

(Virginia coupons
I
consol. coupons...
do

5)1

....

lis,

1st mortgage, 7s
2d mortgage, 8s

io;i

110
104

..

McM.M. W.A Al.Br.
Norfolk A Petersb.— 1st, 8s.
st

85
70
70
60
87
38

8s.
Certificate, 2d mort., 8s...
Nashville Chat .A St. L.—7s.
1

101
100
110

15

New 1st mortgage
New debentures
A Jacks.— 1st m.,

N. O.

1(17

111

90
95
100
35
108
99
70

Memp. A

93

•30

m

50
102
30
108
68
94
70

50
95
95
70
3

1

77

40
16
58
58
95

1st

2d mortgage, 8s
85
102

70

5

A Col.—7s,

Macon A Aug.—2d, endors.
MemphisA Chu'ston— 1st, 7s

S3

974

RR.— 7s

6s

11)51..

2d mort
New Jersey South'n— 1st, 7s
N. Y. A Osw. Midl'd-lst m.
Receiver's certif 's, labor.

mi',

70
97
90

coup. on...

8s, gold,

115

)

11E

Wiim'ton.N.C—6s, g., cp.on

RAILROADS.

95'

—

70
69

A la. AChat.— Rec'rs ctfs.var
Atlantic A Gulf—Consol

105
-

old..

lii'ji,,

(12

2dmort.,'86
Inilianan. Bl. A W.— 1st m..
52
do
with coup, ctfs 944
Indianapolis A St.L.— 1st, 7s
78
Inc. coup. No. 11 on 1916
73
Indianap.A Vine— lst,7s, gr 101
Inc. coup. No. 16 on 1916
International (Tex.
90
1st, 7s
Don. Div. 6s ass. cp.ctf. 1054
25
Int. H. A Gt. No— Conv., 8s
Pennsylvania RR
lack.L. A S.—8s, lsCwhlte' +110
Pttts.Ft.W.A Chic, 1st m.
1284 Long Island — 1st mortgage 105
do
do
122
2d m..
Montclalr A G.L.— 1st, 7s, n
30
do
do
3d m..
45
N. J. Midland— 1st, 7s, gold
Cleve. A Pitts., consol.. s.f. tns
do
4th mort... tl05
Col. Chtc.AI. C.lst con..

Richmond—6s
Savannnah— 7s,
7s, new

10
10
15
10
14

24
100
100
112
105
70

8s

1(IH'„ LOSjj

Waco

5s.

,

.

Norfolk-6s
Petersburg—6s

too'

lis
inn

+1054

~...

Consolidated, 6s.
Railroad. 6s

104
57
75
60
60
10

20
40
20
80
80
23
30

.

1174

1(12

(15

.

>M.

New Orleans— Prem.

111

mi
mt

S4
1H5

.

Consols, 5

10)
109
88

00
55

5s

.wml

.

new

6s,

115
111
115
115

(in

114M Denver Pac— lst,7s,ld. gr.,g
Erie A Pittsburg— 1st m., 7s
,n mortgage, 7s
103% 101
7s, equipment
1044 HIT
Evansv. A Crawf ordsv.—7s.
Evansv. Hen. A Nashv.—7s.
Evansv. T.H. A Chic-7s,g.
97« Flint A Pere M.—8s, I'd gr't
',

New 3s
Nashville-6s, old

lor,

on,.

coupons on
funded

8s,
6s,

CITIES.

20 vears

97

C—Stock,

Charleston, S.

+111

100
107

Waterworks

(Brokers Quotations.)

1st, 7s, 10

104
95

494 50

CITIES.
Ga.— 7s

8s

Miscellaneous List.

—

J.

J.A J +112
J.A J. +99

.

114

LNCOME BONDS.

Albany, N. Y.— 6s, long
Buffalo— Water, long
Chicago 6s, long dates
7s, sewerage
7s, water

.

Augusta, Ga.— 7s, bonds

(HI

Vy

Dan. Urb. Bl.A P.— lst,7s,g

U4M

n

1900, coup.
1900, registered
W.Works, 1st 6s

.J.A

.

Virginia— New 10-40s
Atlanta,

107

95

2(1, 7s.

110

93

*i%
106

Chlc.A Southwest. 7s, guar Ills'
IOISb 1024 Cin, Lafayette A Ch.— 1st
75
t99
100
Cin.A Spr— 1st. C.C.C.Al.,7s
tioe\i\ ....
lstm.,g'd L.S.AM.S.,7s. 105
lOSJj 103V Col.AHock.V.— lst,7s,30yrs +106
-

7s, gold, 1S92-1910
7s, gold, 1904
10s, pension, 1894.

Ooli

mu
40

57

87
Rejected (best sort)
Texas-8s, 1892
M.A8. +103

107

1st, 7s, '90,ex cp.
l.A So. la., 1st m.7s,ex cp

6s,

103
103
95

STATES.
N. Carolina.— New 4s
So.Carolina—Con., 6s (good)

HI)

si'
31

A Tol..

Land grunt,

60
94
87

57
56
70
1004
90

(Brokerx' Quotations.)

1st. E.D tios
lst.W.D. *107

1104 Chic.ACun.So.— 1st m.,g.,7s
110
Chic. A East. Ill— 1st m., 6s
1004 101
2d mortgage, inc., 7s
35
Chic. St. P.4 M.—6s, g., new

1184

Tol.Can.S.ADet.— 1st, 7s,g
Cnlon A Logansport—7s
Union Pac, So. Br.—6s, gld.

Pur. Com. rec'pts,

•

58
54

m

Consol., 7s, 1910

Spring.

C

class

southern Securities

—

lstm., 7s,R.AL.G.Dd,ll»
do
with coup, ctfs
1st m., 7s* land gr't, '80..
with coup, ctfs tl20
do

109'

114KJ

Registered gold bonds.... $114
Iowa Midland, lstm., 8a..
Galena A Chicago, exten. llii'
Peninsula, 1st m., conv
Chic. A Milwaukee, 1st m.

do

Income, 7s
1st m., Carondelet Br.
South Pac. of Mo.— 1st m.
Kansas Pac.— 1st m. ,6s. '95

do

St.L.A S.E.-Cons., 7s, g.,'94
60
St.L.VandaliaA T.H.— 1st
•107
102*i 1024
2d mortgage, guar
88
t.
100
Sand. Mans. A Newark— 7s.. 101
*.
HM'-i Scioto Val. 1st 7 p.c. s.f. bds +101
till
113
South Side (L. 1.)— 1st mort 90
110 115
South Minn— lstm., 7s, '88. 100
8»4
1st mortgage, 7s (pink)..
100
so'
58
Extension
90
'.HI

mortgage, W. D
Burlington Div
2d mortgage. 1888

do
do

.

ill

.

m

H2«

m

St

HI

91

113
+108
+113
+114
102*1
+113
7s, river Improvement
103 106X Cleveland— 7s, long
+112
93
94
Detroit— Water works, 7s.. +113
*88
41
904 Elizabeth City— Short
41)
Long
102-Ji 103
102
1184 12D
Hartford— 6s, various
+108
1094 111
Indianapolis— 7'30s
+95
*95
Long Island City
Newark City— 7s, long
+109
74« 75
Water, 7s, long
+ 1144
S0J, 31H
109
+101
Oswego—7s
1054
1'oughkeepsic Water
+112
108V
Itochestor— Water, 1903.... +113
+111
tl04J^
Toledo—8s, water, 1894
+105
tl044
'.'.'.'.'.'
1224 125
Yonker's— Water. 1903
+111
125
RAILROADS.
110
Atchison A P. Peak—6s, gld I OR
S5\ 86" Host. A N. Y. Air-L— 1st m. 106
124
+105
California Pac—7s, gold
1254
95
6s, 2d mortgage, gold
111
71
Cent, of la. -1st m., 7s, gold

114

grants, 7s

Sinking fund
Registered, 8s
Pacific RR. of Mo.— 1st
2d mortgage

ilrisji

Chic. A Northw.— Sink, f 'd..
I nterest bonds
Consol. bonds

A Ind's— 1st, 7s,

Land

92H

90

So. 111., 1st
tll2
1st m., E.D,

Central of N. J., 1908
Leh. A Wilkes B. Coal, 1888
St.L.I.M.AS..lst 7s,pref.int.
do 2d int. ,6s. aooum'e
Chic. 8t.I,.A N. 0.,2d m.,1907

100Ji

Western Pacific bonds. tioi
South. Pac. of Cal.— 1st m
Union Pacific— 1st mort.. 10S-H

i

11»'.4

1st m.,I. & D
1st m., H. & D

Winona A

i

113'

Income

A

I.. A Sun F.-2d m.,class A
2d mortgage, class B

112

1

State Aid bonds
Land grant bonds

101

Am. Dock & Impr. bonds. MO
do

San Joaquin Branch
A Oregon, 1st

084
1II2?b

cp.

—

115
118

04

Hud., 1st m.,

N. Y. Elevated-lst, 7s, 1908
Ohio A Miss. Consol. s. f'd

tio'i

hic.Rk.I.&P.—6s,

A

do
lstm., reg.
Huds. R., 7s, 2d m., s.f .,'85
Canada South., 1st, int. g
Harlem, 1st m., 7s, coup.
do
lstm., 7s, reg

do

1014 West. Un.
1104

A State Line, 7s.
A W. Pigeon, 1st

2d mort., 7s, gold
Cecilian Branch, 7s
Nashv. A Decatur, lBt, 7s
Marietta A Cin.— 1st mort.

2d mortgage, pref

8.

tn'i'

Equipment bonds
Mo.K.&T.-Cons.ass., 1904-6
2d mortgage, inc., 1911
H. A Cent. Mo., 1st., 1890

1004

Income

C. C. C.

new bds

Erie,

1st mort., sterling
Metropolit'n Elev— lst,1908
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f.

t30
91*8
110

6s, gold, series B, int. def.
6s, currency, int. deferred

Chicago

A

Buffalo
Buffalo

new

.

26« 27H

42
20
Alton— 1st mort. tll3

Ash., old

K.C A N.-R. E. A R.,7s
Div., 1st mort., 7s
St.Chas.B'dge.lst, 7s, 1908
North Missouri, 1st m., 7s
St. L. Alton A T. H.— 1st m.

Omaha

Bur. Div.
111'
109
1st pref. inc. for 2d mort.
1st fnc, for consol
n'i
liiii Tol.AWab.— lstext.7s,excp.
1st St. L. div.7s,ex mat.cp.
lis"
2d mortgage ext., ex coup
74» 75>,
Equipment bonds, 7s, 1883
Conaol. conv. ex coupon
Gt. Western. 1st m.. ex cp
Ish
102Js
do 2d m.,7s,'93.ex cp

new bonds.

A

do

mort.

1st

St.L.

104«

117
Det.Mon.A T., 1st, 7s, , 1900
118
Lake Shore Div. bonds
do
cons, coup., 1st ns;v, 1194
do
cons, reg., 1st.
118JS
do
cons, coup., 2d 110
*113
114
do
cons. reg.. 2d
Louisv. A Nash.—Cons.m.,7s 1124 1134

Railroad Bonds,

Stock Exchange Prices.
Bost. H. & Erie— 1st m..
1st mort., guar

A

do

A T.,

Cairo Ark.

.

W—

Tol., sink. fund,

Cleve. P'vllle

Kal'zoo

Homestake Mining
Standard Cons. Gold Mining
Pullman Palace Car

Cleve.

mort
Cairo A Fulton, 1st mort
Br., 1st

1st

.

424

Arkansas

Belleville
Tol. Peo. A

lBt, reg.

Denv.A R. Grande— lst,1900
Erie— 1st mort., extended.
3d mortgagees, 1883
122
158

N. Y.

10«4
113

2d mort
106*
3d mort.. JUKI
1st con., guar 102
Rons. A Saratoga, lst.coup

do
do
do

& Laf
Keokuk & Des Moines.

Marietta & Cin., 1st pref...
do
do 2d pref...
Mobile & Ohio
Nashville Chat. & St. Louis.
Southern
New Jersey

«02«

m

Harlem

Ind. Cin.

do
do
Manhattan

1st Pa. div., coup., 7s, 191'
do
reg., 7s. 1917
Albany A Susqueh., 1st

m

L.A Iron Mount 'n— 1st
2d mortgage

St.

109
do
1094
7s of 1871
do
1st con.,g'd.
97X 98
Del.AHud.Canal— lstm.,'84 99
1st mortgage, 1891
100K
8
do
extended
12*
do
Coup., 7b, '94 103
do
Reg. 7s. '94 103

874
424 434

these axe latest quotations

made

this

week.

109" lis"
109

113

10
40
20
80

35

82

'

..

1

1

September

,

.

.

.

THE CHRONICLE

6, 1B79.J

NEW YORK LOCAL

219

SECURITIES.

Bank Stock Mat.
COMFAKIIS.

Surplus

Inanrance Stock Mat.
[Quotations by B.

1VID1NPB

1

at latest

Mark'd thus

(•)

dates.i

Amount

are not Sat..

Period 1877. 1878.

i)
<.;. 85.o
l.A.J.
100 5,000,000 1,814.400 M.4N

10(1 .'i.OOO.OOO

Sowery
Broadway

8

July,

5*

May,

250,000
193,100 I.* .1. 12
85 1,000,000 1,852.100 I.* J. ie
300.000
08,800 J. ft J
8
10(1 2,000,000
34(1,00 J.4J
8
100
300,000
87,000
8>
il
450,000
100,000 J. 4 J
6
.•loo.noo 3,221 HOO Bl-m'ly 100
1(10
100
•loo.ooo
85
167.000 J. 4 J
8
,0*
100 ,000,000 1,4'l.OuO M.AN
10

Central

Chase

Chatham
Citizens'

City
10(1 \000.000 8.033900 1.4 J
Commerce
e
1IKI 1,000,000
Continental
186,700 1.4 J
Corn Hxch'ge*. 100 1,000,000 828.800 F.4A To'
KastKlver ....
85 250,000
00 800 1.4 J.
100,000
11th Ward'....
11,400 I. 4.
Kill
150,000
Fifth
43,700 r. 4 J. i'o
loo.ooo
Fifth Avenue". 1110
180.0(
.

lull'.

July,

Produce*
Republic

500,000 1.57H.0OO q'-j.'
3.800,000
007,000 1.4 J.
80 600,000 398.400 M.4N.
BO 1,000,000 671.2IX) A.4G.
7.
750,000
52.400 F.4 A.
100
200,000
40,000 May.
1.11
800,000
4',100 May.
200,000
14,300 M.AN.
:«)
220,000
18,400 1.4 J.
loo 1,000,000
217.3' 10 1.4 J.
li«i 1,600,0(10 1,889,900 J. 4 J.
so
500,000 133.100 .1. 4 .1
.-II
100.000
6.700 J. 4 J.
10(1
800.000 487.800lJ.4J
so 2,050.000 '.,089.007) F. 4 A
100,000
8,800, J. 4 J.
80
mo 400.000 101,1100 I. 4 J.
ion
500,000 288.800 .1.4 J.
85 2,000,000 970fOOlj.4 J
Ml 500.000
68.70U|M.4N
300,000
85
78.000jM.4N
Hid 1,000,000
179,60): M.AN
8,000.000
708,000,
J. 4 J
BO
50U.0OO
141.400 J. 4 J
loo.ol
57,000 J. 4 J.
842,tK>0 J. 4 J
3,000,000
loo.ooo
80.7CO
1,000,000
47.500 M.AN
2,000,000
700.500 1.4 .1
200,000
78/00 1.4 J.
300.000
75,600 F.4A.
790,000
71,000 J. 4 J.
7011,000
54.600 .1.4 J.
8-10,000
82 2i J. 4 J.
300,000
189,900 1.4 J.
422,700 211.600 Q-F.
309,500 •1.4 J.
2,000,000
85 412,500 1S8.300 1.4 J.
80 1.000,000 153,100 J. 4 J.
60l
125,000
88.700
100 1,500,000 337,200 fVa'a!

8t. Nicholas...

100,

100

Gallatin....

'I

1

Germanla*
Greenwich'....
Grocers'

6
18

Hanover
Imp. & Traders
Irving
„
Island City' ...
Leather Manuf.
Manhattan*..
.

,

Manuf. AMer."
Marine
Market
Mechanics'
Mech. Assoc'n.
Mech'lcs A Tr.
Mercantile
Merchant!
Merchants' Ex.
Metropolis'.
Metropolitan

.

..

am*

Nassau*
New Yors. ...
N. r. County.
N. Y. N. Exeb.
Ninth
No. America'..
North IMver*.
Oriental"

Pac He"
Park
People's*
Pheutx...'

500,000
300,000
800,000
500,000
200,000
800.000

Sixth
100
State of N. Y.. 100
.

Union
West Side'

100,1,000,000
40,1,000,000
50 1,200,000
100 300,000

125 800 F.4A.
53,100 J. 4 J.
81,900 J. 4 J.
238.300 J. 4 J.
41.200 J. 4 J.

Bowery

6
7
3

7

6*
12

8

.

2
..

8

•79.
Jan. •78.
Juy, •7».
Aug. •79.
.luiy. '79.
July, '79.
Ju.y, '79.
July, •79.
May, •79.
July, •79.
May, •79.

4

Aug

8
8

'79.

3
3
8

¥

10

8
9

111

10

7

e

7

7

May,

3

3

Jan.,
July,

108.100 M.A.N.
104,000 •J. 4 J.
269 400 J. 4 J.
860,000 M.AN
104,700.J.* J.

e

8

•Id

BO
loo

85
50

Longlsl.(Bkn.)

100

Mech.4Trad'rs'
Mech'ics'(Bkn)

25
SO

Mercantile..

Nassau (Bklyn)

on
50
50
SO

National

371$-

Merchants'.

Montauk (Bkn)

M

4

n

Boston 100

New York

City 100
50
85
85

Nlaeara
North PJver....
Pacific

Park

1110

S«

20
50
50
100
Produce Exch.
50
Relief

Republic

100

8

Kldgewood

10(1

Peter Cooper..
People's
Phenix (Bklyn)

1

i

The figures In this column are of date June
same dale for the State banks.

14, 1879,

for the National banks, and

Gas and City Railroad Stocks and Bonda.
[Gas Quotations by George H. Prentiss, Broker, 24 Broad Street. 1

Gas Companies.

800,000
300,000
200,000
200,000
200.000
200,000
200,000
300,000
200,000

85
100
Salegnard
St. Nicholas....
85
Standard
50
Star
Kill
Sterling
10(1
Stuyvesant
85
Tradesmen's.... 85
United States.. 85

Brooklyn Gas LlghtCo
Citizens 'Gas

do
Harlem
Jersey City

25 2,000,000
20 1,200,00(1

Co (Bklvn)
bonds

1.C00

Manhattan

do
certificates. ...'....
Mutual, N. Y
bonds
do
Brooklyn
Haasau.
do
scrip

Va

Hew York

do
do

bonds
certificates

New York

Williamsburg
do
scrip
Metropolitan, Brooklyn
Municipal.

do

bonis

Var.
Var.

815,000 A.

,

...

PulioMerry—eVt.
1st mortgage
Broa Iway it Seventh Ave— Btk..
let mortgage
Brooklyn Oily— stock
1st mortgage
9'oadway (Brooklyn)— Btock...
Brooklyn ,fc Hunter's Pt— stock.
1st mortgage bonds
Bushivtck Av. (B'klyn)— stock..
\jmXral Pk., -V.<* A. River— stk.
Consolidated mortgage bonus.
Dry Dock, K. B. A Battery—stk.
1st mortgage, cons'd

10

50'

48,9411 10

24,638 10
13
103,078 25

[Quotations by

100

000,000 J.
691,000 J.

4 J.
4 J.

Q-J.
J.4D.

Q—

—

This column snows last ulvldeuu ou stocks, but

me

Ag.

'79.

18

Ju
Ju

es,

"79.10

8

y. "79.10

low AUKy,
18

y

10
12

8

80

11

July, 7». 5
July, 1*. 1

100

110

io
80

10
^

July,
July.

130
18^

10

Jny. '79. 6 107
850
Jo y, '79.
J»7. '79. SJ, 80
July •79. 3
150
lu v. •79.15

n
-10

10

80
II)

10
10
10
18

a
13
10

H
10
M
10
10

80
10
18
IH

N'ne luiy.

™

•77.
-

30
7

«or>

too
195
120
130
86
130
170
810
104
107
12ft

5

•7B.
"79.

7

US

S)
July. •79 6
117
July, 79. 6
Jan., 3*. •»» 50
80
in'... •79. 5

Ju

5

y, •79.

1011

3*

July, '7».

M'ci •79 8
5
6

15
180

y. •79. 5

MB
SO

.

'79.

S
luiy, •TV S
Jan.. •79. 6

Joly.

16
10
13
10

•79.

180

10

30
14

An.*-

'79.

4

no

N'ne
N'ne Jan.

'79.

so
113

80

10
13
11
30
30
20
18
20

18*
10
12
20
18
10

155

70
I IB
108

ibS
100

July, '79.

S
8

Apl

4

lllll

30

810

80

July, •79.10
July, •79. 8
July, •79.10

IS

Juy

15

July.

12

N'ne Jan.,
July.
Joly,

10
5

Ju

120

(io

•79. 31,

95
ion

5

70

Au/.

3U HO
6 111
SW 70

Aug

S
5
6
5

'711.

July,

"79.

•7V.
July. •79.
Ju V, •79.
July, •79.
•79.

109
170
125
65
60

5

"79.

lily,

«o

115

Julv,
1

••
130
113
165

66

y, •79.

Auff. "TO

170

11(1

'77. S)i

ir.o

30

90
130

Kin
1X1
110

8
July, •7910

10

Mi

6
6

'79.
•79.

<30
105

Ki.5

11
10

•79.

To'

-3

It

18

'i«
106

140
110

17

80

30
30
10
16
13
20

87
135

70

iw

July, •79

Ju

180

139

•79.10

{my,
Jau

70
1*5

SO

81)

10

120
140
173

185

July. •79. 6
July. '79. S
July, •79.10
Juiy, '79.10
July. '79. 3
July, •79. 5
July. •7». 8
Ju y. 79.10
July. '79. 5
July. '79. 6

30
80

100

7W

17K

10
10
10
10
10
10
10
10
30
S
in
10
10

97

175
lift

80
103

l'.'O

iio

1M

July, •79.10

City Securities.
Dauikl A. Moras, Broker,

M

Wall Street.)
Paioa.

Bonds

Months Payable.

Ntw

York:
Water stock
Croton waterstock.

*
July, "79
.riy.1900
July, 79

18

85

20
90

82}, 69
Ju y, '84 101 102
Aug. 79 130 140
Nov., '80 Hi
110
1

.'

July

135

Apr.
1888
July. '79

i

95
100
85
41

108

iio
150
115

40
99
10

80
80
95

Apr
May,

,

'85
'88

Sept. '83

July. '90 105
Aug., '79 128
luiy, "90
'

ug.

'79|

101

99
98

var.
Tar.
Tar.

do

Purkbonds
Water loan bonds
Brldgebonds...

Water loan
City bonds

Kings

(Jo.

do

bonds
do

Park bonds

32«

*A1I Brooklyn bonds Oat.

00
78

98
IIS
130
10 'H
101
104

May. '93 103
date of maturity uf bonds

May Ang.A Not.

Brldg.-

1880
1890
18K3-1890
1XH4-1B11

do
do

do

lsiis

I

18U5
1901
lata

IPS
123
107

104
108
18.S4-1900.110
May A November.
Feb., May, Aug.A Nov, 1907-1911 109

5
6

7
6
7
8

7
«»'

7

do

May 4 November.
do
do
do
do
do
do
do
do
do
do
January 4 July,
do
do

Jaiuary
do
do
do
do
do
do

A

—

186»-71.
do
18M-69.
Sewerage bonds
Assessment bonds... 1870-71.
Improvement bonds
l(KW-(i».
Bergen bonds

1

1888
1879-1890
1901
1888
1879-1882
1886
1891

New

July,

io
Jo

St..

113
108)4

Ask

101

107
118
134

113
109
10»
128
109

119
108
118
115

1«

108

1-5

118

(IS
119

lis

at.]

101

113
113

111
138
137
187

111*
118
108
107
116

jersey City.]

ism
January A July.
1899 1902
January A Juiy.
1878-1879
do
do
Jan., May, July A Not, 1S7H-187S

A J. and J A D.
.January and Jnlv

:o7
108

1879-1880' 101
1881-1895 102
915-1921 123
1900-1924 123
1904 1912 121
1899-1906 118
1881-1898 KI1
1880-1883 K'3

do
do
do
do
May A November,
1SS.I-1SS5
do
do
11184
January A July.
[1907-1910
do
do

J.

OS

lsidiso: lis

May 4 Novrniwr.

[Quotations by C. Zabriseie, 47 Montgomery
Jersey Uity
Watet loan .long

100
104

do
do
do

lin tr'em'1

City bonds

Bid:

due.

do
do
do

[Quotations by N. T. Brers, Jr., Broker.

Brooklyn— Local

20
88

75* 80

May. '77 85

do
New Consolidated
Westchester County

«2«
45
98
90

July, '79 100
Jan., 'si 100
May, '78 140
Apr., '93 105
Nov'.'l904

Consolidated bonds
8treet imp. stock

150
100
102

Der.1902 98
Aug. '79 88
Ju.e, '98 108

July, '94
Apr., '78

Improvement stock.... 1869
do
no ....18t».
do

Feb.,

1841-«S.
.1845-51.

do
..1352-60.
do
Croton Aqued'ctstock.1865.
pipeB and mains...
do
reservoir bonds
Io
Central paik bonds. .1853-57.
no
..1863-B5.
do
1870.
Dock bonds
1-75.
do
Market stock
lS65-«8.

1

100 2,100,000

ID
1-0
180
170
ISO

'78.10

Intikibt.

Var. 1,000,000 J. 4 J.
100 1,000,000 M.4N.
100 1,500,000
....
750 000 M.AN.

1,000

17X

15«
18
23,325 10
160.272,11-55 12-35 6-SS
118,074 IB
17*
34,31oll0
10
10
It
143,40120
18
100,523125
10
30
210,982.18
18
13
101.865! 10
10
10
403,362 20
80
30

.

1,000 1,500,000
10 2,000,000
F.
1,000
300,000 M.4N.
100
2110.000 Q-J.
100
400,000 A.4 0.
1,000
FJOO.8O0 J. 4 J.
100
500.000
100 1.800.000 J. 4 j.
1,000 1.200.000 J. 41).
100 1,200,000 Q-F.
8004c
000.000 J.4D
Eighth Avenue— stock
100 1,000,000 J.4 .1.
1st mortgage
1,000
803,000 J.4 J.
2d St. ie Grand St terry —stock
100
748.000 M.4N.
lstmortgage
,
1,000
236.0O0 A.40.
Central Cross 1 own- stock. ..
100
(100,000
1st mortgage
1,000
ano.ooo m!*n,
r
BOHAlon, K e«tst.(tPav.F"y—tUt
100
880,000
lstmortgage
500
500,000 J. 4 J.
Second Avenue— stock
100 1,199.500 Q.-F.
3d mortgage
1,000
150.000 A. 40.
Cons. Convertible
1.000 1,050.000 M.AN.
Extension
COOAc
200.000 A. 4 ".
*xlh Avenue- stock
7.-,o.ooo U.4N.
100
lit mortgage
1,000
415.000 I.* J.
third Avenue stock
100 2,000,000 U-P.
.
lstmortgage
1,000 '000.000 1.4 J.
liventiz-tlilrd Street—*u>c*
100
800,000 I 4 .1.
1st mortgatc
1,000
880,000 M.4N
*

300,000
250,000
SOO.UOO
250,000

June

all liabilities. Including re-Insurance, capital and «cr1p.
t Inclusive
Figures with a minus sign (— ) Indicate extent of Impal incnt.

scrip.

[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker Si.it

2011,(11111

80
90
20
80

Over

AG.

700,000 M.AN.
100 4,000.000 M.4N.
10 1,000,000 •J. 4 J.
1,000
300,000 M.4N.
Var.
800,000 J. 4 J.
50
466,000 F.4 A.
50 1,000,000 Quar.

People's (Brooklyn)

do
do

.

50 1,88
o F.4A.
20
750,000 1.4.1.
50 4,000,000 1.4 J.
100 2,500,000 M.A8
V.r. 1,000,000 M. 4 8
100 5,000.000 Quar.
1,000 1,00(1,000 F.4 A.
25 1,000,000 Var

4 Hoboken

Metropolitan

Central of

Westchester...
Wlliiamsb'g C

Amount. Period.

Par.

m

•200,000

Rutgers"

of

200.010 +288,68810
188,010 20
150,000
280.001)
3,420jio
143,11320
150,000
200,000
93.141J10
35.537 10
15(1,
200,000 260.70420
81,194 10
300.000
203,802 11
811(1,1111.)
119,904:14
850,000
210,93330
800,000
170,80:1 20
150.000
38.280,10
200,000
200,000 153,289 20
88,841 '30
200,000
lassesa
200,000
104.695 1(1
20o,oon
210,000 304,36(1 20
133,855
200,000
21,128
200,000
22,054 ib"
300.0UO
454,281 10
500,(100
111,976
aw.ooo
18
400,203 30
200.000
200 000 102,046 20
198,887
150,000
20
104,055 20
150,000
000,000 4'.I7,851 80

m

N.Y. Equitable 35
New York Fire 100
N. Y.

639,5611 10
56,883' 10

I

28
Manuf.4 Build. 100

Manhattan

73,673
147.083
822,647 ,„
ii)"
708,104 30
124,936ljo
339.629 40
28,078 10

Kill

200.000
8,000,000 1,179.594 10
IS 0.000
589:10
94,860 12
500.000
86,070-12
200,000
7,433,10
200,000

30
8H

.;.

10
80
20
20
20

in

B

r*KI.0(K)

Lorlllard

'79. 3>,
'78. 3
'79.
•79. 4

uly. '79.

IUO

Lenox

July, 79. 8

May,

8
8

2H

•79. 8
July, •79. 8),
Jan., •79. 8
July, '74. 3),
All :. •79. 3),
Aug. '79. 3
July, '78. 8
July, '79. 4
July, "79. 4

511

..

Lalayette(Bkn)'

Lamar..

8«
2g

July,

T..

M

July, '78. 6
Inly. '78. 8ta

1?* July. 79. 8>4
10
Ju y, '79. 6
N'n? Jan., '77. 4
10
July. '7k. 5

10
4

AJk

Bid.

'

500,000
200,000
200.000
100,000
150,000

511

Last Paid.

no
'79. 6
110
July. '79. S
-I,422il0
N'ne July. •77. 5
5
100,780 2S
18
86
18
Jan.. •79.10
1.040.755 n-45 12-50 13 40 J
y •79.6 83 KK)
531,670 30
80
300
20
Ap...
",r '79.10
80,008114
14
10
96
Jmy. •79. 8
105.240 20
15
10
Aug. '79. S loo
138.882 IS
15
16
July, 7u. TH 113
68.263
12
10
July, 79 8>,

1,000,000

1HO
15

6

15

183.191
145,114 20
„..

200,000

5"
85

KlngBCo.(Bkn)
Knickerbocker

2>,

150.1

00
BO
100
85

ImporterB'4

Alg.

6

SO

German-Amer. 100
BO
Germanla

Irving
Jefferson

6
10

311

Globe
Greenwich
Guardian
Hamilton

3>4

18

79.

III.)

17
Firemen's
Firemen's Fund 10
Firemen's Tr.. in
f rankliiiAEuip 100

4

ii'

e

800,000
200,000
200.010
200.000
204.000
150,000

Howard

•79.
•77. 3
•79. 3i,
July, •79. 4

Juiy,
July,
July,

1,000,000

40

Hope

July, '79. 2iJ
July, •79. 3)J
July, •79. 4
July, TO. 8
May, •79.2),
July, •79. 4
July, •79. 4

6

Hid

Home

ISO

SH

6)4 July, '79

Continental.

HofTman

8i

2)

a

Commercial

Hanover

8
4

400,000 +460,19;
200,000
88,826
200,000
200,000
300,000 398.757
200.000
iU8.8Ul

jo
so

Farragut..

8«

July,

10

4S3/81

Empire City.
Exchange

3«

4^77'10
200.000 —10.944

300,000
210.000
250,000
300,000
200,000

Eagle

July, yi'. 5
July, '79 8

1878. 1877. 1878.

197,692

70
100

Paica.

1.

1879.*

153.000

r,
8(1

.

City
Clinton
Columbia....

July, •79. 7

8

H

Citizens'. ...

July, '}'.i.
July, '76. 3
July, '79. 8

July, 79.

n

60
HI

Brooklyn..

'79.
Apt., •79. 3)2
All '. '79. 2>4
May, •79. 5
May, '77. 8
May, •79. 3 102),
Jan., '77. S

"«'

loo

Broadway...

an
6
8U

'78.

BO

Atlantic

8
8

May

;

Seventh Ward 100
Second
100
Shoe 4 Leather 100,
Third
Tradesmen's.

l«*
7

Amity

8

DlTIDIVM.

Hurplua,

200.1(00

American Exch loo

79. 4

Auk.

8«

American....

79.15
'79.
'10.

M
loo

itftna

3H

Bail«t. Ilroker.7 Pine street. I

July

Adriatic

8
5
8
3

•79.

May,
Ju y,

To

'iS

M

3),

July, 79.

1IH)

German Am.'
German Each.

July,
July,
July,

8

M

Murray

July,

H

'

Chemical

'79.
"79.
'79.
'79.
'79.
'79.

Inly,

1(H)

Butchcrs'A Dr.

Fourth
Fulton

COKMXdB.

Amount

America*
Am. Exchange

First

Ask.

8.

Net

Capital.

18ir-tH
1900

97

'.11

108

I.14

97
97
97
97

w
99
9.1

m

:

THE CHRONICLE

250

[Vol.

XXIX.

of the first mortgage and debentures), holders in trust of the
original securities upon which said dividends will be made, to
so appropriate said dividends as to comply with the requireAND
ments of the before-mentioned issues, made in compromise,
CORPORATION FINANCES.
STATE. CITT
forbearance and extension of said original indebtednsss. The
The Investors' Supplement is published on the last Saturday litigations before referred to are
1. In Tennessee—C. A Stevens rs. Tlie Mobile & Ohio Railroad Comof each month, and furnished to all regular subscribers of the pany,
in the Circuit Court of the United states
the. Western District
Chronicle. No single copies of the Supplement are sold at the of Tennessee. The attempt is on the part of tiiofor
holders of the bonds of
.-.ilifi', as only a sufficient number is printed to supply regular
the State of Teunesseo to recover a second time from the rouroad comsubscribers. One number of the Supplement, however, is bound panies the payment of the money loaned by the State to said companies.
While the claimants under these proceedings bore attempted, even
*ip with The Financial Review (Annual), and can be purchased before tiling their bills (which are filed again if eight
or more prominent
In that shape.
railroad companies of the state), to Influence the public- in their behalf
by the publication of the opinion of the Hon. Charles O'Conor, the company, relying on the opinion of counsel equally learn ctl and distinguished,
AIM
A]i
and whoso opinions are not based upon the ex parte premises submitted
to Mr. O'Conor. has but little anxiety ai to the ultimate result.
2. In Mississippi— State of Mississippi rs. The Mobile A Ohio Eailroad
Mobile & Ohio.
Company, on appeal to the Supreme Court of the United States. The
(For the year ending Jane 30, 1879.)
claim on the part of the State is for payment a second time of theSchool
loaned to the said Company prior to 1860, and repaid to the State
The Trustee and Receiver, Mr. W. Butler Duncan, submits Fund
1864.
the following statement of the operations of the Mobile & Ohio illThis
case has been already argued, and a re-hearing is ordered.
Bailroad for the year ending June 30, 1879
The Receiver is of opinion that tie question of jurisdiction being setReceipts from the operation of the road, &c
$1,830,620 tled, and the. case being before the Court, the decree must be in favor of
.Expenses in conducting operations
1,264,741 the railroad company.
3. In Alabama— Croswell, trustee, rs. The Mobile & Ohio Railroad,
Uct earnings
$561,878 being a claim for Judgment against the Mobile & Ohio Railroad by the
I, ess extraordinary expenses
182, 4l0 holders of the before-mentioned Gainesville Branch bonds ($53,000 and
interest). The Receiver is informed that if the Mobile & Ohio Railroad
Balance
$379,468 Company is foreclosed by acquiescence from resisting this claim, stockholders, who claim that these bonds were issued colloslvely, and without
The number of miles of road operated was 506.
adequate consideration, do propose to contest it and resist said suit for
judgment.
Gainesville
Branch
The
(21 miles), from Narkeeta, Miss., to
OROSS EARNINGS AND EXPENSES.
Gainesville, Ala., was on the 13th day of March, 1879, sold
Gross Earnings.
1878-79.
1877-78.
1876-77.
1875-76.
under the mortgage known as the Gainesville Branch Mortgage, Freight
traffic
$1,444,737 $1,625,071 $1,601,036 $1,497,987
but possession of said Branch was not surrendered until the Passenger traffic...
3i>6,043
290,314
332,167
352,303
14th day of April, 1879, and then only upon petition of the Mail scrviie
27,642
34,937
40,811
51,270
42,012
48,125
54.775
54,900
purchaser to, and by the specific instructions of the Court. At Express service....
25,914
24.302
23,844
28,075
the time of the sale the Receiver claimed the purchase-money Miscellaneous

Jimcstments
AND

:

NU

REFOKTS.

:

«$19,000, less the expenses of sale) under the order of the Court

Total

oated July 13th, 1876, by which the Receivers were given a Ordinary Expenses.
paramount lien upon the branch road for any excess of expendi- Transportation
Roadway
ture over receipts arising from the operation of the .same. Equipment
Subsequently, upon application to the Court, the money was so General

$1,830,620

$2,098,540

$2,072,634

$1,984,536

$516,044
416.984
238,814
66,897

$620,718
494.858
308,869
74,080

$630,529
554,969
299,663
73,945

$636,913
496,083
381,997
72,932

$1,498,526
$600,013

$1,559,108
$513,526

$1,587,926
$396,610

From this decision, however, the holders
directed to be paid
Total
$1,268,741
of the Gainesville Branch Bonds have appealed to the Supreme
Court of the United States, and in the meantime the said sum, Net over ord. exp's. $561,878
Reconstruction, new
iiaving been paid into Court, is held subject to the result of
equipment and exsuch

appeal.

ceptional expense
accounts
182,410
223,692
350,300
not only been fully maintained, but mark185,095
edly improved in every respect. The cross-ties 'are in excellent Net earnings over all
condition, 192.597 new ties having been laid during the year.
expenses
$379,468
$376,321
$163,226
$211,515
The trestles also have been thoroughly kept up.
Davenport
&
Northwestern.
During the year 4,054 43-100 tons of steel rails have been
(For the yeir ending June 30, 1879.)
laid, covering 46 07-100 miles of track, making 136 miles of
main track now laid with steel, and 11 47-100 miles additional
This road was lately sold to the Chicago Milwaukee & St.
iave been laid with rails re-cut at ends, where alone they were Paul Company, as reported in the Chronicle. The following
defective from the exceptional wear and tear due to neglected figures are from the report made to the Iowa Railroad Comjoints in former years. The receiver has again made a favor- mission for the year ending June 30, 1879.
able contract for 4,000 tons of steel rails, deliverable in the
The company was organized after the foreclosure of the
course of th« coming winter and spring.
Davenport & St. Paul, and the stock and debt are as follows

The road-bed has

revenue, etc.
In comparison with 1877-8, the gross receipts of 1878-9 show
a tailing off of $267,919, though the net revenue over thorough
maintenance shows a loss of only $38,134. The causes of the
«rlecrease in gross revenue have been the derangement of business throughout the Southern States by the advent of yellow
fever and somewhat from the actual falling off in the cotton
product of the* territory tributary to the road. The heavy
falling off in receipts for January was due to this latter cause,
and to the " mud blockade " which then prevailed. In addition
thereto the rise in the navigable rivers, occurring simultaneously
with the disappearance of the epidemic, added the competition of

Stock

$3,520,000
1,710,000
196,827

Bonds
Floating debt

Total

$5,426,827
cost of road to the present company, as given in the report, was $500,000 paid at foreclosure sale and $196,826 paid
for the extension of the road into the city of Davenport.

The

The earnings
Passengers
Freight
Express, mail, etc

for the year were as follows
1878-79.
$54,969
124,856
9,386

1877-78.
$70,146
143.272
9,207

$189,212
134,285

$222,627
204,888

:

Total

the boats.

Expenses

reorganization.

The agreement of reorganization of Oct. 1, 1876, having received the assent and approval of nearly all of the holders of
the obligations of the Mobile & Ohio Railroad Company, the
Committee of Reorganization, deeming it for the interest of all
concerned that a sale of the property under the decrees of foreclosure should not for the present be had, applied to the Court
with reference thereto, whereupon the Court ordered a reference and postponed the sale till further order of the Court.
Under the approval of the Court, (1) the Mobile & Ohio Railroad Company, (2) the Receiver, (3) the Committee of Reorganization, and (4) the Farmers' Loan and Trust Company,
trustees, have made themselves parties to and have executed
the mortgage, the deed of trust, the assignment of securities,
and the powers of attorney provided for by the agreement of
aeorganization.
The several bonds, debentures, &c, to be
issued under the same, are being engraved for execution and
delivery in exchange for the certificates provisionally issued by
the Committee of Reorganization.
These issues have been admitted -to quotation at the New
York Stock Exchange, and a full account of them was published
in the Chronicle of August 2, on page 120. So soon as the
Ileceiver shall have closed up his accounts, and shall be requested by the Board of Directors of the Mobile & Ohio Railroad Company, he will, upon proper indemnification, transfer
the property in his charge to the Company but in the meantime, and while pending litigations in Tennessee, Mississippi
and Alabama are undetermined, he will retain the custody of
the property, under the orders of the United States Circuit
Court, and will make such further dividends of surplus revenue
.as will enable the Farmers' Loan and Trust Company (trustees
;

Nctearmings
$4,926
$17,738
In addition to the working expenses, there was paid out for
right of way, new sidings, new fencing, tools and machinery,
etc., considered as additions to the property, the sum of $9,751,
leaving a deficit of $4,824 for the year.
The Chicago Milwaukee & St. Paul pays for the road $1,750,000 in new 5 per cent bonds, and issues $1,250,000 more of the
same bonds to put the road in good order and extend it some
25 miles.

GENERAL INVESTMENT NEWS.
Atlantic & Gulf.—this road will be sold at Savannah, Ga.,
Nov. 4, under a decree of the United States Circuit Couit. The
sale will include 350 miles of road in all, with all other property
of the company; it will be made subject to six sectional mortgages, $1,044,090 in all, and to the consolidated mortgage for
$1,66(5,000, also subject to all lawful debts and contracts of the
Receivers.

Baltimore & Ohio.— The Baltimore

&

Ohio Railroad Com-

&

paany has purchased and taken possession of the Somerset
Mlineral Point Railroad, which intersects the Pittsburg & Connellsville Railroad at Mineral Point. The road purchased is ten
miles in length. The price paid was $60,000. It is contemplated to extend the Somerset & Mineral Point Railroad to
Johnston, Cambria County, from Somerset, Pa., at an early day.

Burlington

Cedar

—

Rapids

& Northern— Chicago Rock

Island & Pacillc. The recent negotiations relative to leasing
the Burlington Cedar Rapids & Northern Railroad ended on

:

September

6,

THE CRltONIOLE

1879.]

Wednesday in the approval by the directors of that company
of a lease of the road to the Chicago Rock Island & Pacific
Railroad Company. The lease is subject to the approval of
the stockholders. The Tribune report says: "The negotiations
were began a little more than three weeks ago between officers
of the Cedar Rapids and of the Chicago & Northwestern
companies. After several conferences, terms were agreed upon,
and a preliminary lease to the Northwestern Road was signed
on August 20 by Frederick Taylor, President of the Cedar
Rapids Company. Two days later the lease was ratified by the
directors of the Northwestern Road, and a meeting of the
directors of the other company was held on the following day.
It was said then by President Taylor that the scheme had been
considered favorably by the directors, but that formal action
was not taken on account of an informality in calling the
meeting. Several meetings of the Cedar Rapids
special
directors have been held since that time, but no result was
reached until Wednesday. During this period rumors were
circulated that other companies, rivals of the Northwestern
Road, had made better offers for a lease of the property, and
it was said also that one, the Chicago Burlington & Quincy,
was buying the stock of the Cedar Rapids Road.
" At the meeting Wednesday a lease to the Chicago Rock
Island & Pacific was ratified by the formal vote of the directors
of the Cedar Rapids Company. The president of that company refused to make public the terms of the lease or to conFor prudential
firm the fact that a lease had been made.
and other reasons,' he said, I must decline to reveal the
result of the meeting.' A prominent director of the company,
who was present at the meeting, confirmed the truth of the
leasing of the road, and at the offices of the Chicago Rock
Island & Pacific, and of its unsuccessful rival, the Chicago &
Northwestern, no concealment of the result was attempted.
The terms of the lease are said not to be different from those
offered by the Northwestern Road. Besides assuming the
payment of the.f unded debt, the Rock Island Company guarantees annual dividends on the stock of 3 per cent tor five
years and of 5 per cent thereafter in perpetuity. The dividends are to be paid only on the issued stock, which amounts
to $6,500,000. There are said to be minor details which render
the lease to the Rock Island Company more advantageous than
the one proposed to the Northwestern Road. The only condition to the lease is its ratification by the company's shareholders. This consent, it is said, will not be obtained for
several months."
'

'

Camden &

—

Atlantic. Notice is given that the second mortthe principal of which will fall due Oct. 1, will be
paid on and after that date at the office of Drexel & Co., in
Philadelphia.
tajre bonds,

Chicago Milwaukee & St. Panl —The N. Y. Hera'd money
" Both the St. Paul
September 4, has the following:
and Northwestern roads publish their earnings for August today. The St. Paul road shows an increase of $206,514 for the
month." * * * * "It would appear, therefore, that the addition of nearly seven hundred miles to the St. Paul property (of
which so far no official mention has been made) would be necessary to account for this unprecedented increase in its earnings.
The acquisition of new branches by the St. Paul Railroad Company, and the question as to how far it is to be either benefitted
or injured thereby, is a subject of considerable comment. The
following particulars have been furnished from a reliable
source: The bonded debt, amounting to $30,SOO,000 on the 1st
of August, 1878, has grown up to $37,825,000 at the present
time, making an increase for the year of $7,000,000. Of this
increase, $4,000,000 consists of bonds issued to purchase
$3,500,000 of Western Union obligations. It is proposed to
make a further issue of $2,500,000 for the purchase or control
of the Davenport & Northwestern Railroad, a line 160 miles
long. Meanwhile, we learn that the earnings of this road are
included in the St. Paul receipts for August as given above. It
is positively affirmed that the earnings derived from the 531
miles of additional lines have already appeared in the published returns of the company."
article,

Coal Trade.—The following is the letter of Mr. F. B. Gowen,
President of the Philadelphia & Reading Railroad, sent August
30th to Judge F. S. Lathrop, receiver of the Central Railroad
of New Jersey:
"Referring to our several interviews during the last ten days on the
subject of the coal trade, I have thought it proper to put into writing
the two alternative propositions I suggested, so that in conference with
others you may know exactly the condition of our company. First, wc
will agree to unite in a general suspension of mining for two weeks in
December next, two weeks in January next, two weeks in February
next, and oue week in March next; or, second, if an absolute suspension
of mining is not sat'sfactory to all, we will unite in curtailing the output
of coal for the Ave months named to the following amounts: For September, 1879, 1,250,000; for December, 1879, 1,000,000; for January,
1880, 750,000; for February, 1880,750,000; for March, 1880, 1,250,000; and as the establishment of a fixed tonnage for the five mouths will
Involve the necessity of a pro rata distribution, I would suggest that, in
order to avoid disputes about quotas, the entire tonnage for the period
divided in the exact proportion which each company will
have had of the total output for the eight mouths ending August 31,

named bo

"Each of the above alternative propositions is made conditioned upon
the following: That the price of free burning white ash coal, free on
board, in New York.be at once advanced as follows: For September,
$3 per ton for October, $3 25 per ton for November, $3 50 per ton
for December to March, inclusive, $1 per ton. That proper and satisfactory agreements be made that will practically guarantee to each of
us that such prices will be obtained, and. further, that some supervising
and controlling committee of one or more persons be appointed with
ample authority to secure a faithful compliance with the proposed
agreements.
"Assuming the second of the above propositions to be accepted, it will
be practically impossible to produce and ship to market more than the
;

;

;

251

following tonnage: For 1»79, 23,340.000 tons; for 1880, 21.000.000
and T think that no one at all conversant with the trade will doubt that
at least such quantity will be required. I still desire to reiterate whs* I
have so often stated to you verbally, that, In my opinion, there is no

I

such serious over-production of coal as to account For the present low
prices, anil that all that Is really necessary to get good prices is to ask
I., r them, and while
I nm still convinced that If any regulation
for the
trade is required, the best plan of all would bo to provide for one selling
agency for the entile product, thereby establishing something like a
clearing house, by which all sales must be made and all moneys lie col
*
loots

I

and distributed.

"I am not so firmly wedded tomy own opinions as to Insist upon them
they aro at all obnoxious to others, and our company is now as It
always has been, entirely willing to adopt any plan which, without
siitiriflclng the future, will practically guarantee to us greater profits
for
the present. I cannot but believe that If either of the plans I have suggested should be adopted, all of the anthracite companies would at one*
become dividend-earning corporations, and as this Is really the great
ubject to l>e attained, I am sure I need not say to you that so far as our
company is concerned, its managers will gladly forego their own views
and adopt nny plan, by whomsoever suggested, that will In the end
produce the desired result."
if

—Thomas Dickson, President of the Delaware & Hudson
Canal Company, sent the following communication to Receiver
Lathrop, of the New Jersey Central Railroad Company, after
Mr. Gowen's letter had been published:
New York, Sept. 1, 1873.
F. 8. Lathrop, Esq.:
My Dear Juoge— As I leave tho city this evening for a week's absenoe
1 beg to assure you of my cordial co-operation in the efforts you aro
making to lead the coal trade "out of the wilderness," ana to express the
earnest desire of the company I represent to have this greal Industrial
interest placed upon a basis that will be fair alike to producer and consumer. The cause of tho demoralization In the trade Is expressed byone word—over-production, and the remedy by another— restriction. IT
his remedy is to be applied, the course to be pursued is simple. Say*
frankly, but emphatically, to the consuming public that they will be supplied with all tho coal they want—tho more the better— but that it must
be at a fairly remunerative price. Nothing can bo gained by assumptions
as to what the market will take or by adjusting in udvauce the restrictions.
All that will be required its a distinct and unmistakable notice
that the supply will be governed by the demand. From our exporienco
in the past the problem most difficult of solution is the assignment of
quotas, as restriction can only be successful by a lust and fair distribution of tonnage ;*nnd as this Is the rock upon which our plans are likely
to be wrecked, I would suggest that a commission be agreed upon, composed of disinterested representative men having the confidence of all
concerned, whose decision upon this point shall be binding, final and
I

conclusive.
I fear it will be impossible to obtain any substantial advance In prices
so long as there are unfilled orders at present low rates, aud, as the oon
sumcrs are tired of unmeaning circulars and paper prices, I suggest
tliat if an agreement be arrived at each interest shall furnish a cert Hid
statement of the amount of orders unfilled, and that they shall be
adjusted in such manner that each interest shall have the right to dispose of its proper quota of low-priced coal, In order that the customers
of any one interest shall not be placed at a disadvantage with
those of any other, and wheu all such orders are filled prices should be
advanced and made regular and uniform. The letter of Mr. Qowen
addressed to you, and bearing date of the 30th nit... contains the germ of
a fair and honorable settlement; but I fear will require the arbitration
clause to insure its beiug entertained. As any temporary arrangement
would prove delusive and result in an early renowal of the contest, I
trust that if an agreement is reached it will be such as will not only lift
the great interests involved from the slough in which they now rest, but
\v ill place tbciu upon a basis of sure and permanent prosperity.
Very respectfully,
i

Thomas Dickson, President.
Philadelphia Ledger of August 25th summed up the
coal trade prospects, and the following is quoted from its remarks "On the one side it is assumed that there is a great
over-production of coal, and that nothing but an absolute
suspension of mining or rigid curtailment of production will
cure the evil. On the other hand, it is with equal confidence
asserted that there is no serious over-production of coal, and
that the cause of the low prices is to be found in the persistent
efforts of at least one New York company to bear the coal
market and keep prices down below the cost of production,
with a view of inflicting such injury upon the entire trade during the present year as will ultimately compel all the companies to come into accord with the views of the company referred to. It may be well to look fairly and dispassionately
into both sides of the vexed question. In the first place, it must
be admitted that the production of coal up to August 1st of
this year has been exceptionally large, the following table
showing the total amount as compared with the quantity produced during several preceding years
11,639,416
To August 1, 1873
11,842,245 To August 1,1877
8.868.177
To August 1 1871
10,788.901 To August 1, 1878
14.291,880
To August 1, 1875
8.622,423 To August 1, 1 879
To August 1, 1876
8,388,9341
" Now. while it is true that the output of the first seven months
of 1879 is about five and a half millions more than it was to the
same period in 1878, it is less than 2,500,000 greater than it was
to August 1, 1873, about three and a half millions more than it
was in 1874, and only 2,650,000 in round numbers greater than
it was in 1877; and when we take into consideration the verygreat increase in domestic consumption that must have taken
place since 1873, and the vastly-increased quantity required for
iron and all other manufacturing purposes over the demand of
1874 and 1877, it must be admitted that an increase of about
2,500,000 tons is not very great for a year in which such a revival of trade is taking place as we have been able to chronicle
during the present year. Indeed, the quantity of coal on hand
in first hands was actually less on the first of the present month
than it was on the first of August, 1878, after the enforced restriction of production in July of that year, the quantities
being, according to the recent report of Mr. Jones, as follows
Stock on band July 27, 1873
552'2I?
503.791
Stock on baud July 31, 1879

—The
:

:

I

,

I

48,585

"This certainly does not look very much like great over-production, and is probably no greater stock than usually accumulates in first hands during the dulness which invariably precedes
the opening of the

fall trade."

*

*

*

*

"When,

in

June,

:

.

THE CHRONICLE.

252

xaix

[Vol.

he Reading Company offered to take all the surplus coal. of foreclosure, but that as the order of sale provided for a preferhe Delaware & Hudson Canal Company at an advanced price, ence to be given to certain claims made by a receiver appointed
he offer was at once rejected and afterwards accepted, subject under the second mortgage, the first bondholders have apto terms which were, however, submitted to with a view of im- pealed from the distribution of any of the proceeds of sale to
proving the general trade; but the second auction sale of 50,000 such claimants, and expect to buy in the property at the Bale.
tons in advance of the wants of the market has had the effect
New Jersey midland. Chancellor Runyon on Monday deof demoralizing the trade and convincing buyers that it is cided, in relation to the foreclosure of the Midland
Railway
of
danger
purchase
largely
so
long
as
there
is
any
to
dangerous
mortgages, that he would issue the decree in accordance
a continued recurrence of such sales. A more temperate course the terms of the mortgage, leaving the other equities to bewith
asof action would in any event have inspired more confidence, certained by a master before the day of sale.
and if it should appear that the market will actually take from
New York City Finances.— Comptroller Kelly has issued his
24,000,000 to 25,000,000 tons of coal, which, in the opinion of
some intelligent upon the subject, is not improbable, a very annual report of the operations of the Finance Department
heavy load of responsibility will be seen to rest somewhere. for the fiscal year ending August 1, 1879. The document gives
The loss to the trade this year, by loss in price easily attain- in detail the receipts and expenditures of the city during the

—

able, may be set down at not 'less than $20,000,000. We under- past year.
stand that there is little or no probability of a general suspen- OPERATIONS OF THE CITY TREASURY FROM AUGUST 1, 1878, TOAUGUST 1, 1879.
sion. It is pretty well known that the Reading Railroad Company, which suffers so much from idleness, is opposed to such
Receipts.
a course, and we are creditably informed that the other com- Cash balance in the City Treasury August 1, 1878
$1,122,955
*
*
From
Receiver
taxes, by
of Taxes
$23,925,991
panies are by no means unanimous in recommending it."
From
of
arrears
taxes,
by
Clerk
of
Arrears
3,467,997—
*'
The following is a statement of the anthracite coal tonnage for Revenues of the general fund, including surplus revenues 27,393,989<
the first seven months of this year compared with the same
of the sinking fund for the payment of interest on the
city debt
period last year
2,762,952
From
loansDifference.
1879.
1878.
Proceeds of stocks and bonds issued for public improveInc. .1,655,534
4,097,475
2,441,941
Reading Railroad
ments
$9,353,792
Inc.. 614,198
2,411,922
1,797,723
Lehigh Valley RR
Revenue bonds in anticipation of taxes
27,931,900—37,285,692
Inc.. 919,223
Central RR. of New Jersey.. 2,085,146
1,135,923
Of
various
special
and
trust
accounts
939,517"
Inc.. 947.574
Del. Lack. & Western RR... 2,048,864
1,101,290
Delaware & Hudson Canal.. 1,642,335
1,061.798. Inc.. 580,537 Appropriation Account— Amount re-deposited on account of
gold
purchased
for
payment
of
interest
and
refundings,
175,857
4c.
Inc.. 239,831
Pennsylvania Railroad
928,003
688,171

Fennsylvan'a Coal
N. Y. L. E.

818,281
259,851

4 W. RR

14,291,880

Total

502,337
138,992
8,868,177

Inc..
Inc..

315,944
120,859

Inc.. 5,423,703

" The stock of coal on hand at tide-water shipping points
July 31. 1879, was 503,791 tons ; on June 30, 432,167 tons ; increase, 71,624 tons.

" The leading coal-carrying companies make the following
reports of their tonnage for the week ending August 16, and
for the year to the same date, compared with their respective
amounts carried to the same time last year :"
Difference.
Week.
1878.
1879.
Inc. 1,613,388
Reading RR
150,814
5,349,837
3,736,449
215,595
Inc.
Schuyl. Nav
19,530
560.635
345,040
473,114
Inc.
Lehigh Valley
76,356
2,411,543
2,884,658
Inc. 1,008,423
D. L. 4 Western.. 82,039
2,236,872
1,228,449
Inc.
229,792
Shamokin
20,947
550,280
320,488
Inc.
981,333
Cent. New Jersey 78,424
2,353,497
1,372,163
Inc.
78,132
464,835
United RR. N. J.. 13,067
542,968
Inc.
387,066
484,118
Penn. Coal
29,378
871,185
742.372
Inc.
Del. 4 Hudson..
74,682
2,005,567
1,264,194
41,379
161,031
Inc.
Hun. 4B. Top...
7,112
202,411
741,430
Inc.
81,064
Pa.&N.Y
24,114
822,194
Inc.
138,457
36,006
799,387
Clearfield, Pa
937,874
"

Total

$69,680,964

Disbursements.
Warrants drawn for payment on account of appropriations
for the support of the city government, including State
taxes, and principal and interest of the city debt
$30,927,517
Warrants drawn for the redemption of revenue
bonds
$27,112,375

Warrants drawn for payment
special and trust accounts

on sundry
10,752,612

Total

Deduct difference in amount of warrants outstanding on Aug. 1, '78, and on Aug. 1, '79.

I.

.

.

$68,264,834
1,416,129

1879

$69,680,964

OF THE SINKING

FUNDS FROM AUGUST 1, 18*78, TO
AUGUST 1, 1879.
THE SINKING FUND FOR THE REDEMPTION OF THE CITY DEBT.
Receipts.

.
.

1,

Total

OPERATIONS

.

.

527,670—37,337,317

.

Total
Cash balance in city treasury August

.

.

$37,864,987

Cash balance in this fund August 1, 1878
Froin revenues pledged by law to the sinking
fund
$4,451,991

$159,378-

Columbus Chicago & Indiana Central.— The bondholders' Amount raised by taxation, 1879—transferred
committee has issued a notice to bondholders who signed the
to sinking fund under chap. 383, laws of '78.
1,000,000
agreement of May 17, 1879, requesting them to sign a supple- Transferred from assessment fund— collections
chap.
of
under
383,
laws
1878
500,000
mentary agreement made necessary by Justice Harlan's decision.
Proceeds of consolidated stock, issued under
Copies of the agreement will be tound at the office of the
sec. 6, chap. 383, laws of 1878... $6,900,000
Union Trust Company, No. 71 Broadway, or of A. Iselin & Co.,
Premiums
364,320— 7,264,320
No. 48 Wall street. The notice will be found in our advertis- From investments in city stocks and bonds
held by the Sinking Fund Commissioners,
ing columns.
paid off by the corporation when due
24,341—13,240,652.
Dayton & Southeastern. Receiver J. E. Gimperling reports
Total
$13,400,031
as follows for the period from his appointment, Aug. 9, 1878,
Disbursements.
to July 31, 1879
redemption of the city debt,
from

—

:

Passenger earnings
Freight
Other sources

$28,630
60,961
4,423

Total earnings ($1,349 per mile)
(69 per cent.)

$94,015
64,906

Net earnings ($418 per mile)
new equipment

$29,108
17,462

Expenses and taxes

For

paid
the
sinking fund
$11,322,274
For sundry investments in city bonds and
stocks
1,965,792
For assessment sales, moneys refunded and
over-payments on street vaults
16,917

Balance

$11,646
Betterments of road cost $8,626 the chief items were
$2,921 for ballasting, $2,387 for new sidings and $1,320
for fencing. The amount paid for new equipment was $8,835, of which $2,820 was paid for 14 flat cars and $6,015 on
a contract to buy 70 box ana stock cais.

Deduct difference in amount of warrants outstanding on Aug. 1, 1878, and Aug. 1, 1879.
Cash balance in this fund August 1, 1879

Grand Trunk (Can.)— Great Western (Can.)— Wabash

—

II.

$13,400,031

THE SINKING FUND FOR THE PAYMENT OF INTEREST ON THE CITY DEBT.
Receipts.

Cash balance in this fund August 1 1 878
From revenues pledged by law to this fund

$699,725

,

The

Detroit Post and Tribune says, of the recent meeting of officers
of these three companies, the result of the conference was sub" The Wabash extension from Toledo to Destantially this
troit is to be built this season, the Grand Trunk, Great Western
and Wabash each to furnish an equal quota of the necessary
means not in the shape of bonds or guarantees, but in actual
funds. The three roads will occupy a union depot in this city
probably that of the Detroit Grand Haven & Milwaukee
Company. The work of constructing the road is to be commenced at the earliest possible day. Ex-Gov. Ashley of the
Toledo & Ann Arbor road also had an interview with General
Manager Hickson. At its termination Mr. Ashley asserted that
he should go on and build his road tp Pontiac, and believed
that he would receive the desired co-operation."
Indiana lilnoinington & Western.— This company which,
through foreclosure, has acquired the Indianapolis Bloomington & Western Railroad, has an annual interest account of
$250,000 for two years, or 3 per cent; for the third and fourth
years the interest is 4 per cent, and for the fifth and sixth 5 per
cent, and thereafter, until maturity, 6 per cent. Then comes in
the $1,000,000 of preferred bonds drawing 7 per cent interest.
JL-ogansport & CiawfordsviHe.—Telegrams from Indianapolis state that the Logansport Crawfordsville & Southwestern Railway will be sold on the 10th inst. under a decree of

19,242-$13,285,741
114,290-

Total

;

:

$13,304,983

Total

Betterments and

1,999,235

$2,698,961

Total

Disbursements.
For amount paid for interest on stocks and
bonds, payable by law from this fund
For surplus revenue of this fund, transferred
to the general fund for reduction of taxation,

$550,650

asprovided bylaw
For amount refunded for errors in Croton
water rent, 4c

—

1,044,000

11,346
$1,605,997

Total

Add amount

of difference between warrants
outstanding on Aug. 1, '78, and Aug. 1, '79..
Cash balance in this fund August 1, 1879

98,378— $1,704,375
994,586
$2,698,961

Total

DECREASE IN THE DEBT.
of the corporation are classified in the following
table according to the provisions of the laws for their payment,
under the authority of which they werevseverally issued.
Revenue bonds form a distinct class of short time obligations,
which are issued from time to time in anticipation of the collection of taxes, to provide for current expenses and in general to
carry on the finances of the city:

The bonds

Amount
1.

Aug.
Classification of Bonds Outstanding.
Bonds payable from taxation in the years

1,

Amount

1878. Aug.

they fall due, under the several statutes
authorizing their issue
$99,792,590

1,

1879.

$96,196,515

—

Septemher

-2.

8.

4.

5.

6.

1

6, 1879.

THE CHRONICLE

J

Amount
Amount.
Aug. 1, 1878. Aug. 1,1870.
sinking
fund,
tin
from
the
Bonds payable
18,741,143
der ordinances of the Common Council. .+18,781,2 43
Bonds payable from taxes raised annuo Uy
and paid Into the sinking fund for their
redemption, under section 8 of chapter
175,903
1,810,755
383, laws of 1878
Bonds payable from the sinking fund,
issued to refund Old issues, under sec6,900,000
of chapter 383, laws of 1878
tion
Asscssmcut bonds, issued under various
Improvements
conlocal
statutes for
firmed prior to June 3, 1878, the date of
passage of chapter 383, laws of 1878,
and payable from assessments and tho
20,670,000
12,780,400
city treasury
Assessment bonds. Issued after Jane 3,
In
eon
h;n
improvements
1878, fer local
I

for or commenced prior to that date,
and payable from assessments and the
city treasury', under the statutes authorizing the works, and chapter 383, laws
of 1878
7. Assessment bonds. Issued for local improvements contracted for or commenced nfter Juue 3, 1878, and payable
from assessments and the city treasury',
under the statutes authorizing the
wjurks, and chapter 383, laws of 1878

807,500

155,000

$139,627,296 $137,391,314

Totals

Amount

204.500

of sinking

fund (investments
30,239,168

andcash)

Amount, less sinking fimd
Revenue bonds

32,135,530

$109,388,128 $105,255,783

acts of the
Legislature
Amount issued against taxes of 1877. .
Amount issued against taxes of 1878...
Amount Issued against taxes of 1879

14,542
2,540,000
15,759,775

.

9,775

800,000
2,561,000
16,252,300

$127,702,446 $124,878,859

The following comparative statement, showing the debt
the city

from 1870

to 1878, is given

Bureau for the collection of assessments on
was $1,208,211 79, and the amount of airfare of
assessments in the Bureau of Arrears was $9,419,325 78, making
a total of unpaid assessments on that date of $10,627,537 57.
"No tax sales have been made since 1874, nor sales for arrears
of assessments since 1875, on account of acta of the Legislature
extending the time of payments of arrears.
"SALES OP CITY PROPERTY.
"During the last year sales of real estate belonging to the
city, and not used or needed for public" purpose*, nave been
made under the authority of the Commissioners of the Sinking
Fund. A part of the property consisted of vacant and unimproved lots in the upper part of the city, and apart of improved
uncollected in the

August

1,

1879,

,

business locations in the lower part of the city. The price*
obtained were considered very satisfactory for the public interests and favorable to the policy of selling the real estate belonging to the city not required for public purposes. The sales
amounted in all to the sum of $301,800, of which the cash
received and paid into the city treasury, to the credit of the
sinking fund, was $190,537 50 ; mortgages were given for $80,205, and the amount not closed on August 1, 1879, was $31,057 50.

" MORTGAGES.
"Mortgages held by the Corporation on property sold by the
Commissioners of the Sinking Fund amounted on August 1,
The interest on mortgages, when collected,
1879, to $537,477.
is paid into 'The Sinking Fund for the Payment of Interest on
;'
the City Debt
and when the mortgages are paid off the proceeds are paid into The Sinking Fund for the Redemption of
the City Debt,' the same as the amount paid on account of the
Surchase of city property, and until this is done the amount
ue to the city on mortgages does not appear to the credit of
the Sinking Fund."
'

Amount issued under special

Total amount, less sinking fund

253

of

:

Funded debt Temporary Temporary Amount of
stocks and debt (assess- debt (revenue sinking
fund.
bonds.)
mont bonds.)
(Dec.31.) bonds.*
Year

1870.. $68,998,146 $10,525,100 $11,966,200 $18,115,894
6,396.100 20,182,321
1871
87,238.608 14,944,000
8,114,197 23,348,074
1872.
93,773,659 16,927,372
1873.
99,492.219 21,927,372 10,449.97!) 24,841,100
2,711,200 26,823,788
1874. 118,241,557 20,851,000
4,142,927 27,748,307
1875. 119,056,903 21,322,200
6,104,844 28,296,247
1876.. 119,631,313 22,371,400
6,051,424 31,120,315
1877.. 121,440.133 21.329,500
1878.. 126,128,815 13,481,500
5,951,875 32,143,787

Net bonded

New York & New England.—
Gross earnings for July
$188,532
Operating e.\ petiscs
$114,822
Sundry expenses and interest other than unfunded
debt
2,667-117,489

debt.

Net earnings.

$73,373,552
88,369,3*1)

95,467,154
107,028,471
114,979,909
116.773,724
119,811,310
117,700,742
113,418,403

$71,043

Per annum, pro rata
interest on funded debt.

$852,516
315,000

Net
or

$537,518

2<Vj

per cent on $20,000,000 stock.

Pennsylvania Kailroad.— The Philadelphia Ledger, August
" The Pennsylvania Railroad Company some five or
ago obtained authority to issue one hundred millions
• Payable from taxes and sinking fund.
Note.—The bonded debt of the towns annexed from Westchester of consolidated 6 per cent mortgage loan. This loan is decounty in 1874 is not included in this statement. It amounted to signed to take up all preceding loans as they mature, and is in no
$1,036,614, including $6,500 in dispute as to legality on August 1, part additional to the existing funded debt of the company. A
:

1879.

The report shows

under the provisions of chapter 383 of
the laws of 1878, for refunding the bonded debt, assessment
bonds amounting to $6,900,000 were refunded in October last,
that,

in " consolidated stock of the city of New York," five per cent
bonds, the whole amount being taken in one lot at a premium
of 5-28.

REAL AND PERSONAL PROPERTY VALUATIONS.
assessed valuations of property subject to
taxation in the city and county of New York for the year 1879,

The aggregate

as returned to the Board of Supervisors by the Tax Commissioners, is given in the report as $1,094,069,335. The valuation
of real estate is $918,134,380, and of personal estate $175,934,955, a total net decrease on the valuations for 1878 of f 4,318,440. The following comparative table is given, showing the
assessed valuation of real and personal estate, the rate of tax
and the amount of taxes levied in each year, from 1870 to 1879
inclusive.

Assessed valu-

Assessed valu-

ations of
real estate.

ations of personal estate.

Rate of

Amount of

Year.

tax.

1870
1871
1872
1873
1874
1875
1876
1877
1878
1879

$742,103,075
769,306,410
797,125,115
836,691,980
881,547,995
883,643,545
892,428,165
895,063,933
900,855.700
918,134,380

$305, 285,374
306.947,223
306,949,422
292,447,643
272,481,181
217,300,154
218,626,178
206,028,160
197,532,075
175,934,955

o. 05

taxes levied
$23,569,127
23,362,527
32,035,480
28,230.996
32,306,334
32,368,800
31,105,533
29,178,940
2«,00S.SS8
•28,220,988

2-17

280
2 50

280
2-94
2-80
2 65
2-55
*2-58

Rate of tax and amount of taxes estimated for 1879.
The Comptroller says that in the matter of personal taxes
only a small fraction of them can ever be collected. " They
are, in fact, an actual loss to the city treasury a loss aggravated by the fact that while the city really loses personal taxes
in arrears, the State gains the amount of State tax paid upon
the valuations of personal property on which such taxes were
*

—

levied."

The report proceeds

as follows

:

" TAXES.
"The tax levy for 1879 is not confirmed by the Board of Supervisors at the date of this statement, and the amount of taxes
that will be imposed and levied cannot be exactly determined.
It will, however, slightly exceed the total amount of taxes in
1878, on account of the additional appropriations made by the
Legislature. The rate of tax will also be a small fraction more
than in 1878, for the same reason, as well as because the net
amount of the assessed valuations of property is $4,318,440 less
than the valuations in 1878. The rate of tax for 1879 is estimated at 2'58 per cent, against 2 55 per cent in 1878."
*
*
" UNPAID ASSESSMENTS."
«_"The balance of assessments for local improvements remaining
-

30, said
six years

condition of this new loan is that five years after the date of
issue the company shall set apart to a sinking fund 1 per cent
of the amount issued. Under this condition 1 per cent was
last year set aside on $10,000,000; this year 1 per cent will be set
aside on $25,000,000 ; and next year 1 per cent will be set
aside on $30,000,000.
This will continue steadily on until all
the prior funded debts of the company are absorbed into the
new consolidated loan.
know of no other requirement of
the kind on the company, except the appropriation of $50,000
per month in the buying up of securities guaranteed by the

We

company."
Peoria & Springfield.—Judge McCulloch, of the Circuit
Court, made an order at Peoria, 111., August 28, in the Peoria &
Springfield Railroad case, that the road, which is now under
lease to the P. L. & D. be delivered into the hands of the
receiver, J. R. Hilliard, and that the Pekin Lincoln & Decatur
pay $3,349 back rent; that on September 1 it pay $3,000 rent
for July, and that it pay $3,000 on the 1st of October, rent due
for August. The Peoria & Springfield runs from Peoria to
Pekin, and six roads use its track.
Pittsburg Titnsville & Buffalo.— The following is a
comparative statement of the business of the Pittsburg Titusville & Buffalo Railroad Company for three months ending
July 31, 1878 and 1879, as furnished by J. W. Jones, its president

:

Receipts

Expenses

1878.

1879.

$119,248

$116,645
82,»#6

81,52

$54,278
$37,723
—showing a decrease in receipts of $2,602, with a decrease
in Vxpenses of $19,157, making the increase in net earnings
Net

profit

$16,555.

Portland & Ogdensbnrg.— At St. Joknsbury, Vt., Chancellor
Powers made a final decree, foreclosing the preference mortgage of $500,000, declaring it to be the first lien upon the
property prior to the lien of the $1,800,000 of the first mortgage bonds held by the assenting bondholders. The court, in
rendering this decree, also dismissed the supplemental bill of
Fairbanks & Co. and the cross bill of the lien claimants. Some
of the parties will appeal. This decision is a victory for the
Mercantile Trust Company of New York, which owns a majority
of the preference bonds. The Trust Company has been most
persistent in pressing its many suits in the State and Federal
courts, and it is now rewarded by a decree which probably will
insure the reorganization of the Portland & Ogdensburg Radroad, Vermont division, on the basis of the agreement formu'

lated at Springfield.

Fnion Canal.—This canal will be sold at sheriff's sale in
Reading, Pa., Oct. 4. It is 78 miles long, from Reading to the
Susquenanna River.

:

...
.

..

.

—
:

:

THE CHRONICLE.

254

LVol.

XX IX,

OOTTON,
00 M MERcJlL^i^ollEr
Fridat Night, September 5, 1879.
Hot, sultry weather, most unfavorable to exertion of any sort,
has been followed by clear skies and lower temperature, giving
a great impulse to the opening of fall trade; and there is
nothing, in the volume of transactions or the leading features of
business, to complain^ of.
Everything looks favorable and
promising. Still, there is a wholesome apprehension that too
much may be anticipated, imposing a wholesome check upon
inconsiderate ventures.
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given
1879.
Sept. 1.

Pork
Beef
Lard

tea.

and

bbls.
bbls.

1878.

1879.

August

Sept. 1.

1.

89,488

101,140

285

461

75,237
1,420
58,090
26,620
41,735
14,493
21,251
4,000
77,242
12,342
158,500

tcs. 119,760
127,169
16,271
18,301
hhds. 48.859
43,592
bags. 78,294
09,085
Coffee, other
bags
73,300
50,000
mats. 65,809
Coffee, Java, &c
60,321
hhds. 83,732
Sugar
83,384
Sugar
boxes. 28,097
29,144
Sugar
bags, &c. 642,000
623,000
Melado
hhds
4,044
4,513
2,758
Molasses, foreign
hhds.
8,004
10,255
5,208
Molasses, domestic
bbls.
5,000
8,000
2,000
Hides
No. 89,400
138,500
127,000
Cotton
bales.
35,320
92,516
23,022
Rosin
bbls
26.595
30,031
32,376
Spirits turpentine
bbls.
3.472
1,624
3,979
"470
Tar
bbls.
2,303
1,594
Rice, E.I
bags.
6,250
8,970
3,850
Rice, domestic
bbls. and tcs.
1,125
840
1,350
linseed
bags.
1,364
7,193
41,629
Saltpetre
bags
15,000
12,208
5,900
Jute
bales.
3,016
3,417
4,580
Jute butts
bales.
22,170
27,749
17,814
Manila hemp
bales
19,967
28,826
42,365
In provisions a much better business has been effected, and
higher prices have ruled, and at times considerable excitement
in sympathy with the speculative interest manifested in the
West. To-day, there was a slight reaction ; the excitement
and firmness of the preceding days were wanting, and the demand was of more limited proportions. Pork sold on the
spot at $8 80@$8 90@f 9 ; future deliveries were dull at $8 75
@$8 80 for September, and $8 80@f8 85 for October. In lard
there were sales of prime Western on the spot at 6 15c, and
for October at 6-22^@6-20c, and seller the year at 5'85@
5'80c ; December quoted 5 82^@5 - 85c ; refined to the Continent was quoted at 6)£c. Bacon was very dull and almost
wholly nominal at 5}gc for long and short clear together. Beef
was in better sale and firmer at $18 50@$19 for extra Philadel-

Tobacco, foreign
Tobacco, domestic
Coffee, Rio

bales.

Friday. P. M., September 5, 1879.
as indicated by our telegrams
from the South to-night, is given below. For the five days ending
this evening ^ept. 5), the total receipts have reached
13,920
bales, against 4,875 bales last week, 4,843 bales the previous
week, and 3,402 bales three weeks since; making the total

The Movement of the Crop,

receipts since the 1st of September, 1879, 13,920 bales, against
26,750 bales for the same period of 1878, showing a decrease
since September 1, 1879, of 12,830 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:

Receipts this w'k at

1879.

New

1878.

1877.

1876.

Orleans
Mobile
Charleston
Port Royal, &c

2,124

1,651

1,364

558
810

952

438
355
63

Savannah

2,712

Galveston

5,614

&o
Tennessee, &o
fndianola,

4,534
25
11,599
6,189

203
596

192
1,126

Florida
.North Carolina

. .

Total since Sept. 1

4,538
7,021

2,903

68
396
14
86
514

246
482

phia India mess, and $19@$22 for city. Butter and cheese
nave been in better demand and firmer figures are current.
Kentucky tobacco is held higher, and this fact has kept business within narrow limits sales for the week are only 650 hhds.,
of which 400 for export and 250 for home consumption. Lugs
are quoted at 4@5^c, and leaf 6@12c. There has been a considerable movement of seed leaf, the sales of the week aggregating 1,959 cases, as follows 264 cases, crop of 1878, Housatonic,
private terms and 11% to 20c; 150 cases, crop of 1878, Pennsylvania, private terms ; 100 cases, crop of 1877, Pennsylvania,
14c.; 100 cases, crop of 1878, New England seconds, private
terms ; 100 cases, crop of 1877, New England wrappers, 16 to
22c.; 975 cases, crop of 1878, Wisconsin, private terms, and 5%
to 12c; 120 cases, crop of 1877, Wisconsin; 7% to 9c; 150 cases
sundries, 9 to 20c. There have also been more important transactions in Spanish tobacco, the sales embracing 600 bales
Havana on the spot at 82c<§? 1 10 and 1,000 bales do., crop of
1879, to arrive, on private terms.
There has latterly been rather a quiet market for Brazil coffees,
and yet all prices are well sustained ; fair cargoes, 13^@13Mc
Mild grades have continued in good jobbing sale, and all quotations remain steady. Molasses has latterly been in good request, and full figures are now in order ; 50-test Cuba refining,
24%@25c; New Orleans grocery, 23@39c. Refined sugars have
sold fairly at full figures standard crushed, 8%c Raw grades
have had an active movement, and holders have advanced fair
;

:

13,920

26,750

5,88:

19,733

18,676

13,920

26,750

5,885

21,664

22,921

gcod

Cuba to 6M@6J£c
In ocean freight room a very satisfactory movement has been
reported rates in some instances, for berth room particularly,
have shown a slight weakness and irregularity, but petroleum
vessels are firmly held.
To-day, business was quite small.
Grain to London, by sail and steam, 7%d., 60 lbs.; do. to Bristol, by steam, 8d., 60 lbs.; do. to Cork, for orders, 6s. per qr.;
refining
;

153
797

636
68

76

The exports

for the week ending this evening reach a total of
5,029 bales, of which 5,618 were to Great Britain,
311 to
France, and none to rest of the Continent, while the stocks as
made up this evening are now 53,109 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season

EXPORTED TO

Week
Sept.

5.

nent.

this

Same
Week
1878.

949

N. Orl'ns

Mobile

France.

Britain.

Week.

Total

ending

.

949

STOCK.
1879.

380

5,138

710
728

.

Charl't'n

—

Savan'h.

1878.

4,435
1,643
3,804
10,526
10,098
20,968

4,793

1,709

2,650
7,631
28,298

454

34

187

314

7,500

0,000

311

5,929

2,403

53,109

57,508

311

5,929

2,403

Galv't'n-

N. York.

4,482

311

NorfolkOther*..

187

....

5,618

5,618

....

Tot. this

week..
Tot. since

Sept. 1.

......

*The exports

this week under the head of "other ports" include, from
Boston, 137 bales to Liverpool ; and from Philadelphia, 50 bales to Liverpool.

From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 3,526 bales, while the stocks to-night
are d,393 bales less 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

We

the ports named.
add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &

Lambert, 60 Beaver street

On Shipboard,
Sept. 5,

—for

not cleared

Leaving

at—

Liverpool.

New Orleans

297

France. Other CoastForeign wise.

Total.

Stock.

None.
None.
None.
None.
None.
None.
None.

152
None.
None.
None.
None.
None.
Noue.

None.
None.
50

419
None.

50

678

Other ports

None.
None.
None.
None.
2,850
None.

1,000
2,550
None.
None.

1,000
2,550
'3,200
None.

1,650
5,081
25,098
7,954

Total

3,147

None.

152

3,600

7,249

45,860

Charleston

Salveston

New York

;

to

217
48

33
278

-

-

8,503

108
577
287
29

City Polnt,&e

week

1,872
1,386
2.551

299
86
399

Norfolk

Total this

1,134
1,357

1875.

3,022
1,015
2,590

*

4,689

710

Included in this amount there are 350 bales at presses for foreign ports, the
we cannot learn.

destination of which

The following

is

our usual table showing the movement of
from Sept. 1 to Aug. 22, the latest mail dates:

cotton at all the ports

RECEIPTS SINCE
Ports.

8EPT.

1.

EXPORTED SINCE
^,

.

SEPT. 1

TO—

r\^u^*.

Stock.

Britain. France. Foreign

Total.

1878.
1877.
do. to Antwerp, 5s. 3d.; do. to Bordeaux or
N.Orlns 1173,957 1371,780 676,859 218,499 347,'326| 1242,684
4,086
Hamburg, 5s. 7%d.; naphtha to Bremen, 4s. 9d.
292
Naval stores have latterly been very quiet, and the liberal Mobile. 362,254 413,691 57,954 35,583 29,677 123,214
arrivals of spirits turpentine have caused a decline and consid- Char'n* 514,653 460,345 150,410 57,14o'l76,143 383,693
148
706,144 600,819 205,403 23,646'232,677| 461,786
erable weakness.
1,437
Quoted 26Mc; common to good strained 8av*h
rosins, $1 25@$1 30.
5,667
Petroleum has been quite steady, as Galv.* 571,558 450,081 224,653 59.478 61,010 348,141
refiners now control the offerings. Refined, in bbls., for early N.York 147,667 144,132 284,031 14,699 27,213 325,943 62,357
135
delivery, quoted at 6%c; cases have been active for the East Florida
56,704
14,347
1,967
15,858
13,756
Indian trade at 8%c.@10c There are no new features in metals N. Car. 135,195 144,728
2,050 18,589
65,111
44,472
129
to be noted. Iron, and rails, in fact the whole tone is decidedly Norf'k* 560,308 510,116 193,829
713
5,098 199,640
1,310
firm, the demand is good, and the only drawback to an active Other.. 219,966 163,476 223,348
496 18,470 247,314
9,750
-market is the extremely limited supplies on hand to come for2079,775 414,271 919,338 3413584 85,176
ward. Ingot copper is in small sale at 16%@16^c. for Lake. Thisyr. 4448,406
Whiskey declined to-day to $1 05M, and was more active. Last ye ar
4273,515 2151,305'497.743 681.924 3330.972 49,327
Alcohol has been taken freely for September delivery, at'
* Under the bead of Charleston is included Port Royal, Ac; under the head of
Galveston is included Indlanola, &c; under the head of Norfolk is included City
30M@30%c. in bond for export.

do. to Brest,

|

6s.;

.

!

"

Point, &c.

.

September

.

higher, with a good business for home consumption.
lation in futures has been quite excited. There

The specuwas in the

course of Saturday a very important decline— namely, 73-100ths
for September, 33-100ths for October and 18-100@20-100ths for
the later months. It was asserted that the "short interest" for
September had been greatly overestimated, and that consequently the efforts towards a "corner" for that month had
nothing to work upon hence the pressure to sell and the Bharp
decline.
There was some recovery in the course of Tuesday and
Wednesday, promoted for the early months by strong foreign
advices and the continued small movement of the crop, and for
the later months by bad crop accounts, general rains in the Mississippi Valley and on the Atlantic coast, accompanied by a storm
so violent in Louisiana as to interrupt telegraph communication.
On Wednesday and Thursday the weather reports to our Cotton
Exchange were much better in fact, excellent.
Yesterday,
although foreign advices were still better and receipts at the
To-day Sepj>orts continued small, the speculation closed flat.
tember made some advance, but the later months were wrak,
and there was very little done excepi for September and
October.
The total sales for forward delivery for the week are 462, 500
free on board.
For immediate delivery the
bales, including
total sales foot up this week 5,188 bales, including 195 for export,
ia transit. Of
4.779 for consumption, 214 for speculation, and
the above, 250 bales were to arrive. The following tables show
the official quotations and sales for each day of the past week:
;

—

—

—

NEW ORLEANS.
Sat. mon Tue*

UPLANDS.
Sat. Mon Tues

to

Sept. 5.

Ordin'v.ffb ll'ie 1011,6 1011,6 113,
7 16
Strict Old..
1H16 ll» M

1013, 6 1013,6
113,6 113,6
7
Good Old U13 16
10 111*18 119,6 119,8
Btr. G'd Ord 121 18 llit 16
le 123,3 1111,61113,6
I.OW Midd'c 12 >ls 1113 16 1113,6 125,6 1115,61115,6
12ia
Btr. L'w Mid 123s
12
12% 12%
12ia
12>8
1214
Middling.. 12>3
12% 12
1213 le
Good Mid
127,e 1215,6 129 IB 129,,
1213 16
Btr. G'd Mid 131, 6 12ll 10 1211,6 133,,
Midd'g Fair 13% 13% 13% 1378 1312 13%
Fair
1413
14% 14
14
14% 14%

U

U
UH

Hue

.

:

H

.

Wed

Wed Th.

Tb. Frl.
|

TEXAS.

1013, t 1013,6 1078
113,6 113,8 11%
9 1<5 11%
119,6
1113,6 1113,, '11%
1115,6 1113,6 12
12% 12% 123 16
12% 12% 125,6
129,8 12»16 12%
1213,6 1213, 12T8
13% 13% 139,6
14% 14% 143,6

U

H%
G'd Ord llil,6 111*16 11%
U

Low Midd'g 1113,6 111316 78
Btr.L'wMid 12
12
121,6
Middling... 12%
Good Mid.. 127,6
Btr.

G'd Mid 12U,6

Midd'g Fair 13%
Fair..
14
;

12%

123,6

127,6 *2%
12ll 18 12%
13% ,137,8
14
141,0

STAINED.

1013,6 1013,6
H»l« 11-1,6 113,6
lH6,e 119,a 119,6
123,0 1113,8 1113 l8
125,6 1115,6 1115,6

12%
12%

12%
12%

Good Ordinary
Good Ordinary

$) lb.

Strict

Low

13%
14%

13%
14%

Wed Th

11%
11%

BJ»
14%

Frl.

11%

Middling.....

MARKET AND

1013,6 1078

Bat.. Steady

Mon

%

dec

Wed

ioo

195 4,779

214

11

.

150

.'Firm

Tlmrs Finn
Fri

.

Firm,at adv.of iio

.

Total

84

I

114

735
633
778
555
902

.

Toes 'Steady

1,170

12%
12%

139,6
143,6

Frl,

11%

1015,6
115,6

1113,6

11%
11%

tO'a

Sales.

'

1,290

Deliveries.

700
200
700
300

71,900
101,400
90,800
78,400
68,400
48,600

1,200
1,100

5,188 462,500

4,200

735
644
1,028

555
936

:

For September.

600
3,300

400
100
400

Cts.
11-83
11-83
11-84
11-85
11-86
11-87
11-8S

1,8 K)
1,000

1190

2.SO0
1,800

1192

800
LflOO

100
200
10J

11-91
11-93
11-94

1195
1198
11-98

1199

4,400
1,700
900
8,000
6,700

12-00
12-01

fl.700

12-05
12-08

3,000
4.000
4,900
1,000
8,200
1,200
2,300
2,400
4,500
7,800
4.600
3,800
6,000
6,900
»,«Kl

1202
1203
1204

1207
12-08

Bales.
4,400.

.

4,300
4,900
7,900
13,700
4,300
4,500
1,100
1,000

400
900
800
100
400
800
BOO

Cts.
12-21
12-22
12-23
12-24

2,200

12-27
12-28
12-30

400
700
400

1234

1,400
2,200

100 s.n. ii.. 1251
12-51
8,300
8.700
1252
12-5,1
3,500

1(09

800

12-54

12-10

1,400

1258
1259

400

12-12

1,200

1213
1214
1215
1218
1217

700
BOO
800
BOO

12-18'
13-19

1220

1,800

390
187,100

12-8)
12-61

...1282

1263
12-64
12-65
12-68

Cts.

1069
10-70
10-71
10-72
10-78
10-74

300
400

1225
1228

12-35
12-36
12-38
12-40
12-44
12-45
12-47
8,500
12-48
1,900
100 s.n. 1st. 12'49
12-49
3,000
100 s.n. 1st. 12-50
2,100
1250

1211

For October.
Bales.
200
2,401

1075
1076
10-77
10-78
10-79
10-80
10-81
10-82
10-83

600
1,600

800
800
1,200

2,200
5,000
6,800
8,200
6,500
8,300
10.400
12,700
10,800
10,100...

5,500
4,800
1,500
2,800
12,400
9,700
13,600
5,600
7,'i00

11,300

.

800
800
1,200
1,400

800
500

Cts.
11-08
11-07
11-08
11-09

1110
11-12
11-13

202,100

Fsr November.
400
100
200
800
500
500

10-36
10-38
10-39
10-40
10-43
10-44

1084

2,500

10 45

10-f5
10-86
10-87
10- 88
10-89

600

...10-46

1,400
2,100
1,200
3,400

1090

2,8i)0

10-91

1,600
3,000

10- H2
.

Bales.
2,500

...10-93

800

10-94
10-95
10-96
10-97
...10-98
10-99

8,000
8.600
1,900

1100

800
800
100
100

..1101

1102
1103

i8,»0'>

no*

5,800

1103

1,700...

1,600
1,900

36,900

200
600

I

10-47
10-48
10-19
10-50
10-61
10-52
10-51
10-56

1,700
1,100

I

1047
10-18
10'49
10-50
10-51
10-32

1053
10-54
10-35
10-56
10-57
10-58
10-59

1060
1061
1082
10-88
10-64

10

,

10-57

exeh. 1.500 Oct. for Sept.

|

wm

For April.
10-70

100
100
100

For March.
100
10*
200
700
400

10-81

i.'.'fj

8-1

10-67
...10 46

100.

10 80

ioo.

10-68

2,300

10-56

400

1061

10-79

000
•00

lu-71

10-81

100..

JO-67
10-6'

200.
400.,

1070

100 ..

10-72
10-7.1

1.100

the

week

:

1-45 pd. to exch. 500 Oct. for
Sep!.

Saturday.

Monday.

Tuesday.

Market.

Depressed.

Lower.

Higher.

For Day.

Woh. Low.
Sept'b'r ia-58- 12-34
" s.n 12-51- 12-49
October 11 06 10-96
Nov'ber 10-57- 10-50
Dec'ber 10-50- 1043
.lan'iy
1058 10-51
Fob'ry.. 10-67-

For Day.

Closing.

For Day.

Closing,

Closing

But. Art High. I,ow.
111,1. Auk
High. Low. BM. At*
12-33 34 12-2511.82 11-80 87 1215-1200 12 13 11

—

10-97
10-95-10-69 10-73
10-50 51 10-49-10-36 10-36
10-43 44 10-43-10-28 10-30
10-50 51 10-50-10-39 10-37
10 61 62 10-01-10-57 in -it
10-59
March 10-79 10-73 10-73 75 10-7010-83 85 11-81-10-70 10-69
April...
12-35
1190
Tr. ord.
Weak.
Bteadv.
Closed.
.

—

10-95-10-82
10-52-10-43
10-44-10-37
10-52-10-49
in 10-62-10-54
63 10-72-10-67
75 10-82-

74
37
32
39

10-92 93
10-49 50
10-42
10-50 51

—

1060 62
10-71 73
10-80 81

1215
Finn.

Futures

Wednesday.

Thursday.

Friday.

Market.

Variable.

Dull.

Irregular.

For Day.

For Day.

Closing,

Etgh. Low. Bid. Ail High. Low.
Sept'b'r 12-27- 1207 12-21 22 12-30 1215
'•

s.n.

Ootouer 11-00- 10-87
Nov'ber 10-59 10-47
Deo'lier 1051 10-43
Jan'ry 10-56 10-49
April...
Tr. ord.
Closed.

10%
11%

400.

1078

600.

Futures

123,6
12»i 8

Tli.

Mi:.
10-46

200

.....f0-M
10-66
10-47
10-60

..

1..-74

10-73
10-76
10-77

The following -will show the range of prices paid for futures,
and the closing bid and asked, at 3 o'clock P. M., on each day in
the past week,

ll'S

Wed

100

600
100
800
400
600
800
800
700

....

cu.

•00
100
600
100
100

The following exchanges have been made during
1-44 pd. to

1113,,

For forward delivery the sales have reached during the week
462,503 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices
Bales.
500
400

1031

12%
12U

HIS,, 12

SALES.

Con- Spec- Transump, ul't'u sit.
1

Quiet, at

.

Export.

10-49
10-50

12%
12%

13%
14%

10'89
10-40
10-41
10-42
10'43
10-14
10-45
10-46
10 47

100.

200
100
400
800

..

..as

.

For February.

10-39

10-41
10-43
10-44

100.
1,100

1048

400
1.-00
1,000

Feb'ry.
March..

SALES OF SPOT ASB TRANSIT.

SPOT MARKET
CLOSED.

....

600.
tt.SOO

For January.
100

Mk

Bales.

10 62

1088

11%

13%
14%

Ot».
.10 51

•

10-86
10-87

800
BOO
800
1,000
l.SOO
1,100
8,800
•00.
1,400
1,200
1,700
1,400

,

10-83
...10-34

100
100

119,6

U3l6 11%

129,6 129,0
1213,6 1213,,

10%
11%

1078

200
700

1013,6
113,0
119,6
1113,6
111516

lll 5 18 H°16 119,6 119,6
1123,0 I1U3,, 1113,, 1113,

Middling

i

10*8
1030

12%
12%

1215,6 129, 6 129,6
133,, 1213,6

Moil Tuew

Sat.

for December.
Bales.
100

113,6

Frl.

[

Mon. Tuea

Sat.

255

.

J

Ordin'y.#B> 1011 la 10Hi S 1034
Strict Ord. Uhe 111,0 [11%
Good Ord..
117,6
Btr.

.

1

THE CHRONICLE

6, 1879.J

Prices of cotton on the spot were reduced jc. on Monday last,
to 12ic. for middling uplands, at which there has been a moderate business for home consumption, but with not much doing for
export or for speculation. To-day, however, spots were l-16c.

Aug. 30

..

:

-

To

10-99
10-56
10-48
10-54
10-66- 10-61 10-64
10-81 1072 10-75
10-8010-85
12-25
Steady.

2 P.

-

11-05
10-62
49 10-51
55 10'58

11

For Day.'

Closing.

BM. Asl High. Low.

BM. Atk

Closing.

1216

00 10-99

-

12-27- 12-14 12-23

t

11-01 10-97 11-97 9ff

10-54 10-53 55
10-46 10-45 4
10-54 10-53 55
10-63 6:
66 1068
77 10-78-10-76 10-74 76
10-85 88
88 10-90-

—

12-:

Easy.

M.

24

10-55 10-50 1050 51
10-47 10-42 10-40
10-54 10-50 10-47 48
10-57-59
10-74-1073 10-67 69
1084
10-77 79
12-25
Steady.

—

tile.

TnE Visible Supply of Cotton, as made up by cable and
The Continental stocks are the figures
telegraph, is as follows.
of last Saturday, but the totals for Gieat Britain ar.d the afloat
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Sept. 5), we add the item of
exports from the United States, including in it the exports of
Friday only:
1878.
1877.
1876.
1879.
519,000
807,000
749.000
379.000
Stockat Liverpool
18,750
32,000
33,500
71,850
Stock at London
450,850
Total Great Britain stock
104.010
Stock at Havre
2,120
Stock at Marseilles
22,000
Stock at Baroelona
3,000
Stock at Hamburg
14.153
Stock at Bremen
30,322
Stock at Amsterdam
1,433
Stock at Rotterdam
200
Stock at Antwerp
5,111
Stock at other conti'ntal ports.

537.750
159,500
7,000
1 9,000
6.500
36,750
43,000
7,750
6,500
14,250

839,000
221,250
11,000
61,250
13.000
63.250
39,000
10.750
7,750
13,000

737,500
170.500
4,500
70,000
12,500
55,000
65,000
14,000
17,000

182,854

300,250

440,250

423,750

Total continental ports....

Total European stocks.. .. 633,704
India cotton afloat for Europe. 210.355
38,148
Amer'n cotton afloat for Eur'pe
3,649
Egypt,Brazil,&c.,aflt for E'r'pe
53,109
Stock in United States ports .
3,811
Stock in U.S. interior ports...
100
United States exports to-day

838,000 1,279,250 1,211,250
379,000
168.000
139.000
38,000
12,000
14,000
17,000
21.000
10,000
121,009
110,829
57.503
8,85*
9,303
6,177
500
1,000
500

943,179 1,115,185 1,627.382 1.785,613

Total visible supply

Of the above,

15,250

tlie totals of

Amerioan and other descriptions are aa

follows

American—
237,000
112,000
38,448
American afloat for Europe
53,109
United States stock
3,814
United States interior stocks..
100
United States exports to-day..

392,000
236,000
11,000
57,503
6,«77
500

181.000
336,000
42,000
110.829
9,303
1,000

100,000
309,000
38,000
121,009
8,854

111,171

706,135

983,132

8:10,363

112,000
71,850
70,851

127,000

323,000
32,000
101,250

319,000
38,500
111,75a

Liverpool stook
Continental stooks

—

Total Amerioan
East Indian, Brazil, «&.—
Liverpool stook
Umdon stook
Continental stooks

18.750

64,2^0

500

—

...

..

THE CHRONICLE.

256

Total East India,
Total American

&o

Total visible supply
Price Mid. Upl., Liverpool

—

187

210,350
3,049

1878.
189,000
10,000

1877.
168,000
17,000

379,000
21,000

498,708
444,471

409,000
706,485

044,250
983,132

905.250
880,363

1870.

India afloat for Europe
Egypt, Brazil, &c, afloat

6.

943,179 1,115.485 1.021 ,382 1,785,613
6S>i 6 d.
6d.
Ohod,
613iod.

These figures indicate a decrease in the cotton in sight to-night
of 172,306 bales as compared with the same date of 1878, a decrease of 684,203 bales as compared with the corresponding date
of 1877, and a decrease of 842,434 bales as compared with 1876.

At the Interior Ports the movement

—that

the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1878 is set out in detail in the following
statement:
is

—

Week ending

Sept. 5, '79.

Receipts Sbipm'ts

Augusta, Ga
Columbus, Ga

491

1,083

865

1,080

980
493
731
103

2,210

878
217
41

3,222

3,814

7,990

5,549

6,477

438
50
229
112

948
300
558

375

188

247

15

10

15

300

473

93
60
138

1,574

1,385

476

78
432
42

105
379
106
128
810
945

11,393

1,280

712

390

NashviUe.Tenn..

25

218

Total, old ports.

3,455

Dallas, Texas
Jefferson, Tex.*..

1,160

2

200
467
104
29

12

201

213

25
24

12

93
958
79

155
4
109
909
355

Total, new p'rts

3,465

2,598

Total,

0.920

5,820

5
Charlotte, N. C...

Cincinnati,

O

all-.

Receipts Shipm'ts Stock.

1,239

Montgomery, Ala
Bcli a. Ala
Memphis. Teuii.

.

6, '78.

200

505
299
458

Bbreveport, La
Vicksburg, Miss.
Columbus, Miss.
Eufaula, Ala
Griffin, Ga.*
Atlanta, Ga

.

1,959

748
106
409

ii

Stock.

Week ending Sept

007
412
300
452
575
388

85
39
185
20
273

2,122
1,070
1,570
2,098

76

884
729
59

259

44

1,435
1,077

803
256

63
78
20
45
799
59

5,784

4,061

3,122

3,502

9,598

12,051

8,671

9,979

5

Estimated.
t The telegram states that these receipts " include 381 last Friday and
Saturday."
*

The above totals show that the old interior stocks have
increased during the week 233 bales, and are to-night 2,663
The receipts at the
bales less than at the same period last year.
towns have been 4,541 bales less than the same week last
year.

ame

Receipts from the Plantations.

—The

following table

is

prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the out ports are sometimes 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:

RECEIPTS FROM PLANTATIONS.

Week

Receipts at the Porta. Stock at Inter'r Ports Rec'ptsfrom Plant'na

endingApr.

4.

1878.

1879.

50,HKII

38,856
31,196
24,252
20,097
39,732

54,283 140,649 119,991 116,879
44,851 133,363 108,633 107,005
40,187 128,411 95.979 91.966
36,183 117,074 89,142 87,294
22,283 107,534 75,550 78,982

"

11..

"

18

"

25.

26,641

2.

16,560

9.,

17,309
16,288

May

51,391
39,016

"
"

16.

"

23.

"

SO.,

June

ii.

"
"

13.

8,526

11,231

20..

8,526

10,721

"

27..

6.879
5,949
5,287

3.63'

.

1877.

1877.

26,287
21,183
18,010

12,147
9,669
9,390

18,220
12,380

19,031

19,89
16,673
17,113

11,080

6,612
7,188
6,293

97,696
86,376
79,009
67,786
57,509
52,154
45,769
35,811
32,077

"

11..

6,519
6,102
4,404

3,032

28,99'

••

18..

3,676

8,'

2,81

27,979

25..

3,299

4,086

3,272
2.503

25,361

Jnly

"

Aug.
"
"
Sopt.

4..

1..

2,691

3.671

8..

22..

2,102
1,733
2,644

3,069
4,657
5,699

15,784

5..

4,335
5,885

15..

26,750

3,945

3,462
4,843
4,875
13,920

22,472
21,574
19.118
17,600
16.278
16.449

1878.

1879,

1877.

1878.

1879.

15,73'

48,082
40,033

39,699
34,977

26,362

25,148
31.511

13,897
13,058
15.804
7,020

32,019
17,604

65,770

7i;546

7,471

14,472

56,433
46,305
39,025
34,154
29,315
23.287
21,240
19,675
18,033
15,494
12,527
11,005
8,346
6,238
5,999
6,593
9,679

59,249

4,968

51,429
42,198
37,570
32,429
29,306
25,223
22,388
20,601
15,528
14,410

4,780

10,760
9.604

13,1151

11,615
7,600

8,853

10,940

7,882

7,509

6,461

3,171

6,392

1,471

2,141

4,1

4,065

4,832

2.210

2,368
1,324

4,384

802

3.645

1,335

2,658
681

1,243

13,96tS

13,049
11,477

1,204

7,463
7,301

1.126
3,013

9,598

6.056

1,119

2,154

2,149

2,059
3,028

410
2.549

1,890

5,460

829

16,378
30,136

4,713
16,217

The above

statement shows
1. That the total receipts from the plantations since Sept. 1 in
1879 were
16,217 bales;
in 1878
were 30,136 bales; in
1877 were 6,056 bales.
,
2. That
the receipts at the out
ports the past
week
were 13,920 bales, the actual movement from plantations being
16,217 bales, the balance being added to stocks at the interior ports.
Last year the receipts from the plantations for the
eame week were 30,136 bales, and for 1877 they were 6,056 bales.

Weather Reports by Telegraph.— Some

rain has fallen

in most sections of the South the past week, but in general not
sufficient to do any considerable injury.
In the rich section of
Georgia, about Columbus, they have had wet weather, which is
very unfavorable, as caterpillars were reported doing harm there
before.
In the canebrake region of Alabama the reports are
much more encouraging again, as the weather for two weeks has
been favorable. The Mississippi Valley is probably in promising
condition.
Galveston,

Texas,— Tbe weather during the past week has been

|

Vol. XXIX,

warm and dry, and picking is progressing finely. The drought
throughout the State is again as bad as ever, and all hope of a
second growth has been abandoned. The thermometer has averaged 82, the extreme range having been 73 to 90. The rainfall
during the month of August has reached six inches and seventyfive hundredths.
Indianola, Texas.— There has been no rainfall during the past
week. The thermometer has averaged 84, the highest being 94
and the lowest 74. Picking will close very early. There has
been a rainfall of seven inches and sixteen hundredths during
the past month.
Corsicana, Texas. We have been without rain all the week,
and are needing some dreadfully. Picking is progressing. Average thermometer 83, highest 99 and lowest 65. During the
past month the rainfall has been thirty-four hundredths of an

—

inch.

—

Dallas, Texas.
It has not rained all the past week, and the
drought is again severe. Picking is making fine progress. The
thermometer has ranged from 61 to 100, averaging 83. There
has been a rainfall during the month of August of three inches
and ninety hundredths.
Brenham, Texas. We have had no rain during the week, and
the ground is again parched by drought. The top crop will be
poor. Average thermometer 86, highest 100 and lowest 79. The
rainfall during the month has been one inch and eighty hun-

—

dredths.
have had showers during the
New Orleans, Louisiana.
past week on three days, the rainfall reaching ninety hundredths
of an inch.
think no serious damage has been done, though
accounts from the interior are conflicting. The thermometer has
averaged 80. The rainfall for the month of August is ten inches
and forty-four hundredths.
The weather the past week has been
bhreveport, Louisiana.
dry and pleasant. The rainfall last week aggregated three
Thermometer, highest 89,
inches and eighty-six hundredths.

— We

We

—

lowest 64, average 77.
We have had an unusually severe
Vicksburg, Mississippi.
storm during the week, but no serious damage has been done in
this section.
As the week closes, there has been a favorable
change in the weather. Cotton moves slowly as yet.
Columbus, Mississippi. It has rained during the past week on
three days, the rainfall reaching three inches and fifteen hundredths. The thermometer has averaged 78, the highest being
Much
83 and the lowest 73. Crop accounts are less favorable.
damage has been done by rust. The rainfall for the month of
August is three inches and thirty-three hundredths.
Telegram not received.
Little Bock, Arkansas.
Rain has fallen on three days the past
Nashville, Tennessee.
week, to a depth of three inches and eighty-five hundredths.
Crop accounts are less favorable. Average thermometer 73,
highest 87, and lowest 59.
have had rain on three days the
Memphis, Tennessee.
past week, the rainfall reaching forty hundredths of an inch, but
the rest of the week has been pleasant. Picking moderate, with
The first new bale was received here on
some lack of "laborers.
the thirtieth, from F. L. Gibson of this county, by Pearce Suggs
& Co.; class, strict middling. The thermometer has ranged
from 65 to 86, averaging 74.
Mobile, Alabama.
It has been showery two days, stormy one
day, and has rained severely one day, the earlier part of the week,
the rainfall reaching one inch and forty -one hundredths. The
Accounts
latter portion has, however, been clear and pleasant.
from the interior are unsatisfactory. Average thermometer 78,
highest 90, and lowest 69. The rainfall for the past month is
nine inches and seventy hundredths.
Montgomery, Alabama. The latter part of the week the
weather has been clear and pleasant, but during the earlier portion we had rain on three days, the rainfall reaching thirty-six

—

—

—

—

— We

—

—

hundredths of an inch. "The thermometer has ranged from 64 to
Picsing is progressing finely. The rainfall
88, averaging 77.
for the past month is four inches and fifty-four hundredths.
We have had rain on one day, but the rest
Selma, Alabama.
Cotton opening finely and
of the week has been pleasant.
planters are sending cotton to market freely.
Madison, Florida. It has rained on four days the past week.
The thermometer has averaged 78, the extreme range having
been 60 to 96. Caterpillars are reported everywhere and are
doing considerable damage.
Macon, Georgia.— Ram has fallen during the week on one day.
The thermometer has averaged 75, the extreme range having
been 67 to 89.
Columbus, Georgia. It has rained during the week on two
The
days, the rainfall reaching one inch and eleven hundredths.
thermometer has averaged 80. Caterpillars are reported everywhere, and great, injury is being done.
Savannah, Georgia.—Rain has fallen on four days, to a depth
of two inches and one hundredth, but the balance of the week
Average thermometer 78,
has been pleasant and closes fine.

—

—

—

highest 90, and lowest 70.
Augusta, Georgia. During the earlier part of the week we
had light rains on two days, the rainfall reaching sixty-three
hundredths of an inch, but the weather the latter part has been
favorable. The thermometer has averaged 78, the highest being
90 and the lowest 65. Accounts are conflicting. Picking is pro
gressing finely.
,
Charleston, South Carolina— Rain has fallen during the past
hundredths
of an
ninety-three
week on two days, to a depth of
Average thermometer 79, highest 89, and lowest 67
inch.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
give_ last year's figures (Sept. 2, 18<8) for
Sept. 4, 1879.
comparison:

—

....

We

.
.

September

G, 1879.

THE CHRONICLE.

|

Sept. 2, '78.
Feet. Inch

Sept. 4, '79.
Feet. Inch.

13
1
12
4
Below high-wnt'cr mark
9
8
8
Above low-water mark..
Memphis
10
2
4
Above low-water mark..
Nashville
12
8
8
Above low-water mark..
Bnreveport
9
Missing.
Above low-water mark.. 13
Viekshiinr
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-watei
mark of April 15 and 10, 1874, which is 6-10ths of a foot above
1871, or 10 feet above low-water mark at that point.

New

;

1

Orleans

.

257

1879.

Sept

I...

2...

'

3...
'

4...

•

6...

Total

1878.

1877.

M the weeks in different years do not end on the same day of the
We

month.

have consequently added

our other standing

to

tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
each port each day of the week ending to-night.

PORT RECEIPTS FROM SATURDAY, AUG.
D'ys

New

of

Or-

Mo-

we'k leans.
Sat..

156

Mon

1,045
81

Tues

Wed

bile.

31

461
44

Frl..

493

73
46
225

Tot..

2,280

60S

63
106
174
132
169
229

873

154

437
341
502
388

4

5

36
20

,

5
19

;

3

1,044

319

23
11

2,800

6,59(1

404

55

since Sept.

1

Sept'mb'r
October.

Novemb'r
Decemb'r
January
.

February.
.

April....

May
June
July
August...
Corrct'ns

1878.

288,848
689,264
779,237
893,664
618,727
566,824
303,955
167,459
84,299
29,472
13,988
19,081

Totalyear

1877.

98,491
578,533

822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142
20,240
34,564
52,595

123
316
517
87
lot

14

Total

1,537
3,490
1.848

631

1,391
2,264
4,927

1,775

15,157

has been as follows:

1,008

4,630
2,996

13,920

18,782

3,278

11,2351

Percentage of total

408i

:

5,70*

8.

1,2111

1876.

236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
68,939
36,030
17,631
14,462
66,293

1875.

169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42.234
29,422
33,626
71,985

1874.

134,376
536,968
676,295
759,036
4'44,052

383,324
251,433
133,598
81,780
56,010
17,064
13,524
9,709

1874.

1,004
1,380
1,734
1,407

8.

016

1,265
1,075
1.615
1.682
2,145

8.

7,782

5,585

j

0007

00-28

I

0013

I

00-22

Annual Cotton Chop Circtjlab.— We shall issue on Wed
nesday (Sept. 10) our annual Cotton Crop Circular. Any firms
desiring to use it with their own card inserted can be accommodated on the usual terms by sending their orders to the publication office.

New Cotton— Norfolk.—The first

new

bale of

cotton arrived

Norfolk August 29, consigned to My muns & Dancy
graded as strict low middling and sold for 124, cents.
at

;

it

was

C—

New. Cotton— Charlotte, N.
The first bale of the new
crop of cotton reached here Aug. 29. It was sold Aug. 80, classed
as low middling, and brought 13J cents.

Bombay Shipments.— According to our
there have been

bales

Great Britain the past week

1.

1,018
1.691

This statement shows that the receipts since Sept. 1 up to
to-night are now 4,802 bales less than they were to the same
day of the month in 1878, and 10,013 bales more than they
were to the same day of the month in 1877. We add to the last
table the percentages of total port receipts which had been
received Sept. 5 in each of the rears named.

to-day,

Year Beginning September

Monthly
Receipts.

.

982

AU

5, '79.

ton.

1,474
1,975

The movement each month

March

Wil-

ming- others.

folk.

l,367i

670
123

TO FRIDAY. SFPT.

Nor-

Char- Savan- Galnah. vest'n.

leston.

50
183

Thur

30. '79,

1875.

4,051
4,799
4,221

s.

p'rtrec'ptN Hi-pt. 5

Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,

1870.

3,490
1,848
1.331
2,204
4,927

cable dispatch received

shipped from Bombay to

and 6,000 bales

to the Continei t

Bombay during this week have been 3,00
bales.
Th.3 movement since the 1st of January is as follow
These figures are brought down to Thursday, Sept. 4.
while the receipts at

1873.

115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501
31,856
23,394
12,299

Shipments this week

Shipments since Jan.

Great Conti-

Great

Brit'n.

1879
1878
1877
1876

nent.

Continent.

Total. Britain.

6,000 6,000
4,000 8.000
3,000 3,000
3.000 12,000 15,0"0
4,000

From the foregoing

it

246,000
301.000
375,000
537.000

335,000
390,000
407,000
359.000

would appear

1.

Receipts.

|

This

Total.

Since
Jan. 1.

Week.

581.000

777,000

3.000
691.000. 2,000
1,000
3,000

782.000
896.000

851.00

993,000
OD'.l.OOO

1

compared with las

that,

year, there has been a decrease of 2,000 bales in the week's shipments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments- of 110,000 bales,
compared with the corresponding period of 1878.

4,345,645 4,038,141 4,191,142 3,497,169 3,804,290

—

India Shipments Other Than Bombay. Below we giv» the
week's shipments of cotton to Europe from Calcutta, Madras
98-36
98-28
99-68
9879
9972
01-64
01-72
00-28
00-32
Corrections
0121
Tuticorin, Coconada, Carwar, Rangoon and Kurrachee.
These
Total port receipts.
10000
10000
10000
10000
10000
figures are collected for us and forwarded by cable.
For the
This statement shows that up to July 31 the receipts at the week ending Sept. 4 the shipments were as follows. We also
ports this year were 177,251 bales more than in 1877 and 478,351 give the totals since January 1 and the figures for previous year 8
bales more than at the same time in 1876.
By adding to the for comparison.
above totals to July 31 the daily receipts since that time, we
Shipments since January 1.
Shipments this week.
•hall be able to reach an exact comparison of the movement
Pero'tage of tot. port
receipts Aug. 31.

Great

for the different rears.
1878-79.

1877-78.

1876-77

1875-76.

1874-75.

1873-74.

1879...
1878...

Great

Britain.

Continent.

Total.

4.000
9,000

1,000
1,000

5,000
10,000

Continent.

Britain.

Total.

353,000
167,000

123,000
55,000

230,000
112,000

TotJy.31 4,435,737 4,258,486 3,957,386 4,085,531 3,473,936 3,768.597 1877...
126,000
79,000
47,000
186.000
102,000
12,000
84,000
6.000
6,000
A.ug.1....
139
421
8.
419
635
1,092 1876...
" 2....
264
507
1,465
724
521
8.
The above totals for this week show that the movement from
" 3....
861
504
8.
395
410
1,056 the ports other than Bombay is 5,000 bales less than same week
" 4....
562
8.
452
846
390
547 of last year.
" 5....
698
596
8.
834
394
701
Alexandria Receipts and Shipments. Through arrange" 6....
509
839
924
330
8.
301
we have made with Messrs. Davies, Benachi 4 Co., of
ments
" 7....
529
666
618
1,141
207
702
" 8....
340
247
1,182
1,168
8.
960 Liverpool and Alexandria, we shall hereafter receive a weekly
" 9....
527
700
364
197
1,092
8.
cable of the movements of cotton at Alexandria, Egypt. There,
" 10....
8.
468
245
764
364
701 have been no receipts or shipments the past week, nor were
" 11....
776
531
8.
1,038
604 there any for the corresponding weeks of the previous two years.
539
" 12....
764
647
8.
1,084
712
218
Alexandria, Egypt,
" 13....
347
487
967
612
8.
168
1877.
1878.
1879.
Sept. 4.
" 14....
239
598
787
737
1,963
195

—

" 15....
" 16....

"

17....

" 18....

"

809
520
S.

1,219

556
544
944

505
1,623

634
S.

22....

1,060

944
627
984
817

" 23....

421

1,693

19....

" 20....
" 21....

"

" 24....

'
"
"
"

25....
26....

8.

1,587

27....
28....

505
693
423

" 29 ...
* 30....

1,246
1,537

" 31....
Corrct'ns.

Total

8.
....

972
8.

1,994
2,128
2,563
2,175
5.952
3,751
52,595

367
264
561
394
S.

1,167

693
586
404
341
365
8.

686
597
764
575
766
66,293

1,714
1,069

845
789
607
8.

1,361

807

457
330
224
303
395
675
8.

1,482

581

912

532
467
397
914
736

1,168

891
8.

4,011
1,824
2,096
2,264
71,985

604

B.

8.

1,689
1,890
9,709

Receipts (cantars*)—

8.

1,499

This

1,102

59i
607
971

week
Exports

769
901
899
1,021
1,251
S.

1,522
12,299

1,345,615 4.038.141 4.191.142 3.497,16.1 3.804 290

8ince
Sept.

1.

2,703,00

This

Since

This

Since

week

Sept. 1.

week

Sept. 1.

(bales)-

8.

Total Euro]

1,104

2,594,000

1,667,000

Sinoe Sept. 1

864

172,400
79,896

240,000
168.000

298,500
140,500

252,296

408,000

439,000

A oantar is 98 IBs.

—

This statement shows that the receipts the past week have been
cantars, and the shipments to all Europe have been
bales.

—

Manchester Market.

—Our

market report received front
that there has been no change

Manchester to-day (Sept. 5) states
during the week in the prices for either shirtings or twist.
therefore repeat last week's quotations.
We leave previous
weeks' prices for comparison.

We

.

.

:

THE CHRONICLE.

258
Cott'u
8^4 lbs.
Shirtings.

32s Cop.
Twist.

A"f"
"

J

15
22
29

"

d.

d.

6

1>«®7 4>2

69 16

834®9'4
8%®9 J4
834®9"4

1»3®7 4V 6»i 8
6 11307 4'a 66,«

6%

8.

6%

8

1^®7

6

lio»7

(i

8 8®9 i3
8 7e®9i2

4>«
4'a

fi

09,8
613,6

®7 6
®7 6

3
3

6

d.

d.

B.

(U3, „

Mid.

Shirtings,

Twist.

d

d.

Aug. 15.
(Cott'n

lbs.
8U „

„,

32s Cop.

Uplds

S^tSOH 6 Ha®7 AH\

8%®9%
7

5

Sept.

Mid.

8 7s®93s

d.

d.

s.

8 58®9 14 6
S 7e®9%

d.

s.

®8

3

uplda

3

d.

Ca
u^n

4ia®8 4^jl
9 ®98s 6 4»s®8 4*21
8 78®9 12 6 4ia®8 4'a
8 78®9l3 6 3 ®8 3
8*8»9l* 6 lia®8 lis
8%aSI38 6 l>s®8
l'saS
S%®938
1

0°8
0»8
69j 8

6"ie

6U lg
(ii'ia

Bags, Bagging, Etc.— Baeging has been taken freely
in small lots, and in this way some 500 rolls have been placed,
but no large transactions are reported. There is an increased
No change is reported
inquiry, and more business is looked for.
in prices, which continue to rule very firm at 9@10Jc, according
to weight. Jute butts have arrived quite freely, and the Glenesk
and Tam O'Shanter are to hand with 10,000 bales of this some
8,000 bales were sold before arrival, and the balance has gone
The demand
into store, and holders are looking for an advance.
is fair, and we hear of sales of 1,200 bales at 2i@2|C, according
to quality, and at the close the market is very firm at these

Gunny

;

quotations.

TnE Exports of Cotton from New York

this

week show an

increase, as compared with last week, the total reaching 13,760
Below we give our usual
bales, against 5,937 bales last week.
York, aud their
table shewing the exports of cotton from
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1879, and in the last column the tota)
for the same period of the previous year.

New

Exports of Cotton

from New York

(bales)

since Sept.

1,

Week ending
Exported to—

I

Aug.

Aug.

Aug.

Sept.

13.

20.

27.

3.

Other British ports

1,616

4,482

1,616

311

93

311

311

194

sk;

Total to North. Europe

Total Spain, &c.

160

Grand total

5,937 13,760

4,793

—The

—
—

Rosth, 3,592

0,819

To Havre, per steamer Canada, 311

311

Texas— To Havre, per bark Annie Mark, 1,006
,504
Norfolk— To Liverpool, per

1,006

50*

Lord

Philadelphia—To

Liverpool, per steamer
(omitted previously)

Clive,

150

150
15,420

Total

particulars of these shipments, arranged in our usual form,

are as follows:
Cork.
6,849

Havre.
311
1,006

6,849

1,317

Liverpool.

NewYork

—

6,600

Texas

504
150

Norfolk
Philadelphia

7,254

Total

Cotton freights the past
Sator.

.

do
Baltic,

do

sail ..

3, 6 ®l4

..®ia

c.

.®*9 16

d.
d.

16

.®lfl

®

3 le

...® 7 32

...® 7 32
...®58*
...®ia

...®l3

Wednes. Thurs.

Tues.

3 16 ®l4

3 18 @l4

1

4

® 732

.-••3> 7 16

...® 2
1

..®%*
..®ia
-.®9 16

...® 2

.®.
.®.

.®v
.®ia
'

7 ltf

•®

7

i«

..®»16'

'

1

'4

•® 7 32

32

®>2

®

ie

••® 9 i 6» ...®9i 6

Fri.

3i 6 ®>4
--® 7

®=8*
®9l6*

---® 7

15,420

as follows:

.®>3

...®....

e.

sail

Mon.

...®9l 6

c.

Bteam

week have been

..®V ...®V
-® 7

sail...c.
do
Amst'd'm, steam c.

.®.
.9.

...®ia

.®ia

..®...,

.®...
.a...

50,000
1,000
38,000
4,000
2,000
379,000
237,000
12,000
10,000
6,000
131,000
26,000

A

Firmer

shade

Steady.

Friday.

&

Harden'g. fract'n'lly

Quiet.

dearer.

easier.

613 18
615 16

6%

'6%

6 7s

67

63i
6 78

7.000
1.000

8,000
2,000

6,000
1,000

8,000
1,000

Steady.

Steadier.

8

6'3 16
616 16

613-.6

015i 6

Market,
5 p. M.

8ale8
Spec. & exp.

8.000
1,000

10,000
1,000

Futures.

Market,
5 P. M.

Firm.

Firm.

The aotual sales of futures at Liverpool, for the
below. These sales are ou the basis of Uplands,
unle.se otherwise stated.

Quiet.

Finn.

same week, are given

Low Middling

clause,

Saturday.

Aug

d.
Delivery.
"...62332

d.

Delivery.
Sept.-Oct

I

Delivery.

I

d.

6Hi8 Sept
6H32I

Aug.-Sept...6Ui6® 23 32l Oct.-Nov

Monday.
Delivery.

Deliver}/.

6»8®2i 32

Sept
Oct

Oct.-Nov
Nov.-Dec
Sept

6»8
6»8

Sept.-Oct

69 32 « 3 16
6'8
6=8

Delivery.
Sept.-Oct

Nov.-Dec

619 32
69 3 2
63 3 a

Delivery.
Sept.-Oct

62i 32

Oct.-Nov

Sept

Delivery.

Delivery.
6i9 S o®5s

Dec-Jan

6

6»18®1»32

Oct.-Nov
Sept

6 7 32
6i32® 1 ie

Sept.-Oet

Oct. -Nov
6H
62i 32 Dec-Jan
6% Apr.-May

Sept

6Hi6

Oct

Sept.-Oct ....69 16 ®I9 3 2

Oct.-NOV
Nov.-Dec

69 32
6'ie
6^32

Wednesday.
Delivery.

Delivery.

623 33

Nov.-Dec

Sept.-Oct

6H 16

Sept.-Oct

Oct.-Nov

6» 16

Oct.-Nov

6is
6ii 6
62i 32
6»32

6H18 Feb.-Mar

Nov.-Dec
8ept
Nov.-Dec

63 32
eiiis
6ii 6 3 32

®

Delivery.
69 3 2® 3 ie
63 32 ®i8
Nov.-Dec

®%
n

Oct.-Nov

i6

Delivery.
-6ll 16

Oct.

6%
62i 32

Oct.-Nov
Sept

Delivery.

Delivery.

Delivery.

Sept
Sept.-Oct

I

I

69 s2

625 32

Oct.-Nov
Sept

I

Sept.-Oct

I

Oct.-Nov

6&j6
6'3i6

6H 16
6H 32

Nov.-Dec
Sept.-Oct
Sept.-Oct

6'e
623 32

6"i6

BREADSTUFFS.
Friday, P. M., Sept. 5.1879.

market has been somewhat irregular in the past
week. Low grades have been in demand, and, not being veryplenty, have advanced from 5c to 25c per bbl. the latter for a
grade called No. 2, which has brought $3®3 50 per bbl. Trade
brands from old spring wheat have also continued in request
but the better grades from new winter
at very full prices
wheat have been in increasing supply, and, being pressed on the
market from the wharves, have sold at lower and irregular
values. Rye flour has ruled firm and. corn meal was more
active. To-day there was a quiet, steady market.
The wheat market has been less active. The enormous shipments during August caused shippers to pause in their operations till the influence of these supplies upon European markets could in some degree be tested. At the same time, the
course of supplies was not such as to provoke any pressure to
parsell, and prices were not seriously depressed, recovering
It was of course not to be expected
tially in the past few days.
that the rate of shipments in the past few weeks would be

The

flour

—

;

maintained, and yet large exports are expected; but precisely
what relation the wants of the West of Europe bear to our
surplus is quite uncertain. The recent sales embraced No. 2
spring, $1 01?2@$1 02 for October ; No. 2 red winter, $ 1 10®
$ 1 10% for October; and No. 1 white, ?1 11M@1 U/£> **P°t and
September. To-day the market was firm, but quiet.
Indian corn has been variable, and yet the changes are
The business has been almost wholly in No. 2 mixed at
slight.
46@46Mc, spot and Sept., 47@47Mc for Oct. and 47^2@48c.
Nov., closing yesterday at the inside figures. Other qualifor

•.
.a.

.®.

» Compressed.

—

Mid. Upl'ds
Mid. Orl'us.

1,709

Total bales.
Britannic,
steamers Erin, 983
1,133.... Inventor, 3,026. ...Nevada, .1,101.... Adriatic,
0,600
158.... Bothnia, 197
per bark H.
To Cork, for orders, per ship Freedom, 3,257

,

Sept. 5.

Friday.

New York—To Liverpool, per

sail

60,000
2,000
42,000
6,000
4,000
417,000
206,00t
47,000
9,000
4,000
132,000
19.000

Saturday, Monday.' Tuesday. Wedn'sdy Thursd'y

Spot.

Market,
12:30 p.m.

Delivery.
623 32
Sept.-Oct... 62l 3 2®

exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
15,420 bales.
are the same exports reported by telegraph, and published in
The Chronicle," last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.

do'

Aug. 29.

Amount afloat
Of which American
The tone of the Liverpool market for spots and futures each day of
the week ending Sept. 5, and the daily closing prices of spot cotton,
iave been as follows

Sept

4,794' 10,019

Hamburg steam

Actual export

61,000
4,000
49,000
4,000
4,000
427,000
297,000
21,000
6,000
6,000
176,000
22.000

Thursday.
160

Uverpool, steam d.
Bail., d.
do
Havre, steam
c.
c.
do sail
Bremen, steam, .e.

Of which American
import of the week
Of which American

otal

Delivery.

19

Spain, Op'rto, Gibralt'r, &c
All other

The

Total stock

Sept
Oct

Other ports

L.

Forwarded
American
Of which exporters took
Of which speculators took..

Bales

19

Bremen and Hanover.
Hamburg

Aug. 22.

50,000
5,000
39,000
6,000
3,000
469,000
343,000
18,000
14,000
6,000
189,000
10.000

bales.

TUESDAY.

Other French ports

Shipping News.

week

Same

4,482

311

194

Total French

Sales of the

300 6,849

Total to Great Britain 4,634 9,825 5,91813,449
Havre

1879.

iTotal to period
date, previ'ug
year.

6,600

5,618

6,325
3,500

4,634

Liverpool

[Vol. XXIX.

1878.

1879.

July 10
"
25

:

Liverpool. By cable from Liverpool, we have the following
ptatement of the week's sales, stocks, &c., at that port

continue scarce. Receipts are quite moderate at all points,
brisk export
but crop prospects are good. To-day there was a
demand, mainly at 46%c. for No. 2 mixed on the spot and 47%c.
ties

for Oct,

September

THE

0, 1S70.1

(

HRONJCLE.

Rye has met with an active demand at 64%@65e. for No. 2
Western on the spot and for September arrival, and 67}£@68c.
for No. 1 State. The crop of the latter is said to bo not more
than half as large as last year. To-day there was a good de-

mand

;

for white.
The following are closing qotations

$2 83a 3 40

Statu ami
Western
3 053 4 00
303* 4 40
Extra Btate, &c
Western spring wheat
Siijiernno

I

do XX and XXX...
Western winter ship-

South'ii sbip'g extras.
Rye flour, supertlnu..

45

4
4 50 3> 5 75

extras

ping extras
do XX ami XXX...
Minnesota patents...
City snipping extras.
Southern bakers' and
family brands

C5® 4 70

4 S5 „
5 J.", a

5 75
7 25
4 35® 5 25

$ bu.

1
1

07
02
04

1

No. 2 spring
,\ in in]'
winter..
Red whiter, No. 2

1

10

White

106

1
1

No.3 spring,

i

i

1

45>i!»

46^8®

Western No. 2...
Western Yellow.
Western White

40%®
54 ®
64 ®
67 ®

.

Rye— West'n,

No.2.

ami Canada

00

®

29
32

S>

104
Ilia

1H«
4 Ol'j

40 14
47 13
57 14
05
08
33
38

Barley—Canada W.

10® 2 50
State, '2-rowod...
2 05® 2 75 Peas—Can'da.b.&f.

®

70

85

Flour,
bbls.
(lot; lbs.)

10.205

20.031

Toledo
7,023
2,396
49,255
1,094
4,000

Detroit
Cleveland..
St. Louis.
Peoria
Diuutli

Wheat,

Corn,
bush.
bush.
'60 lbs.) ,(58 His.)
900,301 1,851,793

Oats,
Barley Rye,
bush.
bosh.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
1

002,489 53,480 137,960
203,413
33,500
60,312 00,600 27,930
800,893 244,931
88,738
4,765
480,189
900
3,045
3,144
163,700
42.350
32,100
200
2,700
763,290 119,645
83,328 14,835 16.873
33,550 167,410 152,000 20,000 25,220
134,429
31,007

124,004 3,480,274 2,492,2561,081,912 152,259 215,448
Total
Previous week 121.422 2,962,587 2,365,185 900,006 60,714 204,047
Same time '78.. 102,262 3,546,903 3,361,911 1,339,053 294,607 248,419
.

Total receipts at
for four yearn:
Flour

Wheat

1 to

Aug. 30,

inclusive,

1879.
4,229,425

1878.
3,043,132

1877.
2,078,388

1870.
3.408,402

51,699,475
65,887,734
20,720,607
2,095,775
2,680,327

48,440,608
68,048.553
20,647,195
3,544,145
3,031,748

17,204.501
55,982,690
13.664,930
3,032,332
1,054,245

30,873,018
54,527,737
16,412,024
3,207,651
1,292,818

143,683,918

143,721,249

01,598,707

100,313,878

bbls.

bush.

Com

Oats
Barley

Rye
Total grain.

same ports from Jan.

Total receipts (crop movement) at the same ports from Aug.
to Aug. 30, inclusive, for four years:
1879.

Flour

Wheat

1878.

1877.

bbls.

011,560

460.473

444,546

bush.

14,43 1 ,007
12.850.627
4,058,719

14,442,621
15,544,401
6,080,154

271,37::

898,489

613.264
972,439

6,072.970
13,315,095
3,019,072
313,150
714,318

33,122,215

37,658,879

24,334,611

Com

Oats
Bailey

Rye
Total grain

...

.

1

19,660,829

Comparative shipments of flour and grain from the same
ports from Jan. 1 to Aug. 30, inclusive, for four years:
Flour

Wheat

1879.
4.572,099

1878.
3,821,958

1877.
2,040,547

46,693,280
59,227,000
15,153,044
2,130,800
2,513,325

40,310,214
57,133.437
13,509,384
1,685,437
2,281,347

30,436,040
50,231,437
14,797,739
1,346,424
1,297,548

29,04 8,979
49,803,008
14,029,091
1,313,917
1,052,922

125,723,569

114,979,819

98,109,188

95,247,917

bbls.

bush.

ten
Oats
Barley

(

Rye
Total grain

....

1876.
2,647,73

and Lake shipments from same ports for the last four weeks
Week
Flour,
Wheat,
Cora,
Oats,
Barley,
Rye

Rail

ending—
30

Aug.
Aug.
Aug.
Aug.

bbls.

bush.

bush.

155,881 2,555,396 2.3x7,109
130,305 2,433,317 2,912,366
134,847 2.075,032 2,925, XX9
170.4S3 2,867,386 1,9X2.877

bush.

bush.

bush.

000,200
561,797
635,335
621,347

37,780181,307
19,165 304,065

Total, 4 w'ks. 597.576 50,536,131 10,208.241 2,421,088
Tot.4wks '78 456,563 9,231,763 9,207,706 3,600,197

74,170 684 379
80,670 524,419

23
16
9

8,263 90,994
8,962 108,013

Receipts of flour and grain at seaboard ports for the

ended Aug.

At~
New York
Boston
Portland

Montreal
Philadelphia
Baltimore
New Orleans

week

30:
Flour,

Wheat,

Com,

bbls.

bush.

bush.

Oats,
bush,

138.644 2,040,972 1,267,274 302,782
56,178 146,514 121,937 97,330
2,850
5,500
1,500
12,925 491,877 175,955
61
17,380 728,800 298,500103,600
~
16,776 1,186,200 150,450 37,000
15,311 272,324
11,405 28,793

Total week
260,064 4,916.687 2,031,021 571,066
Previous week... 251,144 5,197,781 1,474,212 696,268

Cor. week "78-— 213,497 4,000,603 2,124,355 927,850
Cor. week*77.... 153,860 1,520,995 2,537,269 643,162

And from Jan,

Barley,

bush

Rye,
bush.

00 000
5.400

"so

'505

"500
3,000

....

5,430 64 095
5.613 65 773
6,400 130,290
25,939 118,365

1 to Aug. 30, inclusive, for four years:

1x77.
1.119,189

70 291,401
11 107,33

1

2,9x1, I'M

.690,804
57.01O.563
11,660,983
2,141.089
1,039,820

155,500.921

84.524,218

1

762,338

170,294.911

1,850,70(1
2.

" 192,091

To »»J

The

l~7x.

5,670,107
58.344.4X1
76,850,032

1

,

174,518

1

1x70.
I.

ill

1

106,357.508

supply of grain, comprising the stock* in granary
at the principal points of aeeumulation at lake and s.-aljoard
porta, and in transit by lake, rail and canal, Aug.
30, was tut
visible

follows:

Wheat,
I it

Store

at—

bush.

afloat (est.)

10.

In Halo

Iniiiiih

Receipts of flour and grain at Western lake and river ports
for the week ending Aug. 30:

.

Oals....

Toledo

11

State, 4-rowed...

.

Corn,.,

Milwaukee

104
1

No. 1 white

25® 6 00 Oats— Mixed
GO® 5 00
White

3 (50® 3 00

Brandy wine, &c

Milwaukee

81 278,697

Chicago

2

.

bush.

J

Wheat—

State

5
4

Western, &o

At-

.

Albany

:

Corn— West, mixed
4

Corn meal-

Cliieago

Wheat.

1

GRAIN.

bbl.

1879.
6,027,13s

New York

roouB.

#

..bbls.

Rye...

Barley remains nominal, and the views of the trade as
regards the probable future of prices are wide apart. Oats
declined again early in the week, the demand from the trade
but latterly business has
being checked by bad weather
improved and prices are higher. To-day the market was
firmer, with No. 2 graded quoted at 31>jc. for mixed and 33c.

2.39

Hour..,

Barley

at firm prices.

No. 2

2

:

..

.

Detroit

Oswego
Louis
Boston

St.

Toronto
Montreal

2,684,633
1,483,000
3,000
241,154
1,013.480
198.809
168,229
531,661
508,068
150,000
732.0X2
184,4 1
68,385

Corn,
bush.
2,171,173
'

714,000
ll.ooo
1,634,573
2,191.501
16.716
29,171

I'eoria

:i7. :.-<;

Indianapolis

88,200
155,012

Kansas City
Baltimore
Kail shipments...
Lake shipments..
On Canal

1,923,034

017.772
1,937.021
2,200.000

Bye.
bilsli.

20,107

100JM

"(I.200

60400

102,040
86,703

i:;»,8x-»

8,084

456,895
11,120

2,200)

17,180)

100,906
3.150

14,129

24,39(1

000

2,900
1,744

38,651
27,302

40O>

154,07(1

"Y,Hii:\

31,15**
12.000)

7xo

06,870

2,

172,100
259,006
50,900
39,192
430.691
643,992
1,743,117

2.5(H)
59. 259

'

'&5O0

1

86
15,000
6,084

27,768

312

292200
4,558

593.119
0,760

Total
... 15,748,773 13,104,503
Aug. 23, '79... ... 15,966,899 12,582,428
16,026,837 12,110.032
15,189,594 11,436,314
14,352,410 11,099.551
ro.997,101 11,846,873
.

1,424
3.0O(>

2,907
II

l,(ixs,O0O

Aug. 10, '79... ...
Aug. 9, '79... ..
Aug. 2, '79... ..
Aug. 31, '78...

THE DRY

Barley,
bush.

310.570
4,905
200.000
370,798
1

52,0(11

77O.OO0

Philadelphia

Oats,
bush.

012.710
300,000
51.000

1

355,2""
2,492,897
2,279,174 300,498
1,824,031
8082311
1.914.437 318.121
1,702.250 324.929
3,557,324 1,371,24

1.937

72.000)

781.202
797,180)
193.90(1
I

79.1

I

4_

462,4361

895,322

GOJU-* THADE.
Fkiday, P. M., Sept.

5.

1879.

The dry goods jobbing trade has been very active the past
week, and the volume of business large and satisfactory. The
retail trade of the far West, South and Southwest was well
represented in the market, and towards the close of the week
there was a considerable influx of Western and near by retailers,
who have commenced operations on a liberal scale. The wholehouses reported an excellent business, their sales
having been greatly in excess of the corresponding time in
former years. There was some irregularity in the demand at
livst hands, and cotton goods were a trifle less active; but there
was a fairly-satisfactory movement in prints, ginghams, dress
goods, flannels, underwear, &c., and values remained steady.
In foreign goods there was only a moderate degree of animasale clothing

from dress fabrics, silks and velvets, which were in
hands of both importers and jobbers.
Domestic Cotton Goods. The exports of domestics from this
port to foreign markets during the week ending Sep:ember 3
were 1,429 packages, including 527 to Great Britain, 351 to
British East Indies, 218 to United States of Colombia, 89 to
Brazil, 66 to Danish West Indies, 46 to Hayti, 46 to Venezuela, 46
to British West Indies, &c. There was a steady demand at first
hands for moderate parcels of brown and bleached and colored
cottons, cotton flannels, &e.. and the jobbing distribution was of
liberal proportions.
Agents' prices remained steady, and there
was less irregularity in jobbing quotations than of fate. Prints
were fairly active, and agents' prices were generally maintained;
but a discount of 5 per cent. Mas offered on fancy prints bysome of the leading jobbers in order to stimulate business in
these fabrics. Print cloths were in fair demand at 4'4@4 3-16c.
for standard and extra 64x64s. and 3 9-16@3 !,6c. for 56x60s.
Ginghams and fancy dress goods continued in steady demand
and firm.
Domestic Woolen Goods.—There was a moderately-increased
demand for men's-wear woolens by cloth jobbers and. the clothing trade, and transactions were fair for the time of year.
Values are well maintained, and, in sympathy with the advance in wool, some tendency toward higher prices has been developed. Low and medium fancy cassimeres were sold in relatively small parcels to a fair amount, but, 'fine goods ruled
quiet.
For worsted coatings there was a moderate inquiry,
and some orders for light-weight, fabrics of this class were
placed with agents. Overcoatings, cloths and doeskins remained
sluggish, but cloakings were infair request. Kentucky jeans
moved slowly, and satinets and repellents were only in limited
demand. Colored flannels were fairly active, and the supply is
exceptionally light for the time of year. Blankets were a little
more sought for, and there was an active demand for carpets!
Worsted dress goods n.et with liberal sales, and shawls and
skirts were taken in small lots to a fair aggregate amount.
Foreign Dry Goods. Imported goods were jobbed in liberal
quantities, but there was some irregularity in the demand at
Specialties in fancy dress goods were in brisk refirst hands.
quest, and such staple fabrics as cashmeres and merinos were
sold in considerable quantities. Dress silks were in steady demand (with most relative activity in low 'and medium grades),
and silk velvets were fairly active. For linen and white goods,
embroideries and laces, the demand was chiefly of a hand-tomouth character, but fair in the aggregate.
tion'

aside

better request at the

—

—

a

—

X

o

..

.

UUNKJIAL

HAT—

*

North River ahlDP'ue

HBMP AND JUl'E—
ASHES_ ••; •• * »•
Pot, auorlcd......
ntKADSTUKKH—Seesnael aire port.
MATEHIALS11 J1LDING

2 5)

*
Cement— itnsendaie
Lime— Rockland common.... V

i'jmSsr-Pine.g'dto ex.dry.V M It.
...
Pine, shipping. box
do tally boards, com.to e'd.each.
.» M. It.
Oak....'..
Ash. good
Black walnut
Spruce boards A planks, each

Hemlock boards, each

M.1T.

20 00

sh.* keg

2 35
3 85

Clinch, IX to 31n.Alonger
Sdnne...
Cutsplkes.allslzes.
,

—

* ».

pilcc.

Lead, dry, combluailon, prlca
Ulnc, oxide, dry

State, palls

& tubs, fair to dice, »

flat, fair

New

25

a

4*3

IS

a OS
Liverpool gae cannel
1100a
Liverpool honsecannel
Asthbacits—The following will show prices at
last auction or present sche lule rat^p; the names immediately above the figures Indicate the places of
i

^^

burg.*
Grate.... 2

Bag

.... 2

<0
30
25
50
35

Aui.

Port

13.

*

••

*

@ ....

2 15

A w.

L.

Schedule.

Wechawken. Johnst'n.

0«*32 12X

|1

5

Auction.

Auction.

Aug. 27.
Hobokeu.

NewBt'mb...ti

D.*H.

d .l.&W.

Scliednle.

!

2 10

2

2

a

12H

2
2S7X(!»aiO
2 34)4
Stove.... 2
....
2
2 4u (32 tiU
Ch'nut... 2
50 cents additional lor delivery at New York.

4 L & W.
CUFFBIl-

_^
*»

do
dofalr,
do
do good,
do prime, do
Java, mats
NatlveCeylon
Mexican
Jamaica

24

a

Hs
14*
&*

11

I

16

"

11

,
(

Domingo

15

10K»

11

•

17

14

Costa Rica
Bolta

*

.-•

2l'

Sheathing, new (overl2 ozj
Brazlers'(over 16 oz.)

l*ump

*

im.

.00 If.

Arsenic, powdered

8 50
1

per ton.

A

125

..

.fc

24 00

2*4

„•••;

refined....

*

SM .

ss
3 5)

64>,9

15 75

15

Chlorate potash
Cocnlneal.Honduras. sliver
Cochineal. Mexican.......

•

powdered

13
3

Ginseng

Glycerine, American pore
,

4
it

bond)

,-,••••<'?

iprusslate potash, yellow.
Quicksilver
•••
Quinine

.

,

.

i

»B

lit

qtl.

Valencia^

1

W a
e%»

10
4

16

'i.

•
a

.9
4

a
a

v

„.,,,.,,

is

a

gal.
"
'

*

3)

a

3
a

1

80

1

•••<*

1

tO
SO

low No. 2 to good I'o 2 "
low pale to extra fa'.e.. "
"
wlndowglass
OAKUM—Navy,U.S. Navy* best* ».

•*

••

4 25
5 00
13

95
62
2S
45
43
83
75
90
40

'

'
'

Sperm.crude
Sperm, bleached winter
Lard oil. Dos. 1 and 2

*

1

*

Inferior to common refining....* "».
Fair
"
Good refining
Porto Hlco. refln fair to prima "
clayed,
Nos.
10@12
Boxes
"
Ceutrlfugal, Nos. 7@13
"

9

K

®
a
a

6X

1

3

a

;X *
*%

Rrftned— Hard, crushed

"

|X

6- 10

c on

"

"

"
"
"

.* ».

5 13-

__

*1»
...

Extra, Pulled tlty
No. 1, Pulled
California, Spring Clip—

tn

6®

„ a
84
^
37 @
S3 „
82

3

a

r-

*

!».

bbl.
Heavy fifoods. V ton.
Corn.b'lk & ogs. * ho,
.

Wheat, bulk & bags..
Beet

Fori

*
»

STIAK.
t.i.

*

tee.
bbl.

»

27 6

t
r
6 o
4 8

®S

a
a

m.
®.

7«

5 15-16

E.

S.

Bailey,

PINE STREET.

Insurance

Stocks

A SPECIALTY.
Cash paid at once for the abo^« Securttlrn"; or thej
on commission, at eller'g option

will he sold

39
41

44
87

n
26

SO
28
30

A

—

UTUALLIFE
PJlNCECOMrl.
OF NEW YORK.

JF.S.WINSTON PRESIDENT.
,

ISSUES EVERY APPROVED DESCRIPTION OF

LIFE AND ENDOWMENT POLICIES
ON TERMS AS FAVORABLE AS THOSE OF
ANY OTHER COMPANY.
ORGANIZED APRIL I21.H 1842.

<t.

>' 3 9
tT 2)0

TX
IX

New York Agency,
S. W.PO.VEROY JB.,
59 Wilt ST.. N.Y

Dealings la

BX
IS

2 4«,-<a....

3-l*_

)

FORBES, [
CaSTKAL 6TEEKT. 1

7

30

ToLivKEPOor:

N. Y.

Insarance.
61

20
IT

«|
Is

ST..

n

18
15

2j

Waii

Ml

Interior

Cotton
Flour

Boston Agency,

MURRAY

24
21

n

Ja.. 5»

Hong Kong, Canton, Amoy, Foochow
Shanghai and Hankow, China.
J.
30

Superior, unwashed
Fair

FREIGHTS-

POMEROY

Russell & Co.,
missioN jikbch a<n t s

esra

"

W

Hong Kong.

Office,
A6KNT,

AND SHIP AGENT

4

8xa
^Xa
'.Va
*%t
l%*
7j(,4
7X3
7X8

"

American
American, Nos. 1 & 2
American, ComMng and Delaine

10X

«

6

M

XX

8.

17 25

6* 3

"

WOOL-

Head

1210

»

"

Teiiow

Banking Corporation,

<fX»

Manila, sup. and ex. sup
Batavla, Nos lii®12
Brazil. Nos. 9@11

offA
do
WhlteextraC
ExtraC

Co.,

Hong Kong & Shanghai

11 00

**

5

«X3
7
(3
4X8

Smyrna. unwashed

5

87X

«

8X

,

Cotlee, A, standard

&

York'
No. 11 Old Slip,
The Jobbing Trade ONLY Supplied.

6va

"

4X
5
5
13

a

«
»X»
61,5 3

lb

Hard.powdered
do granulated
do cutloaf

NEEDLES.

OF

....a

*».

6

None here.
None here.
11

8

4

10 25
11 50
17 01
5-C5

Lard. City steam

Melado

llll. I\

BROADWAY, HEW YORK.

5*

"

..* 10C

Bro.,

SODA.
New

10

"

* »

&

MANUFACTURERS OF

57 50

bbl.

**

ST.

Chkstnttt 8tkkst.

SUPER-CARBONATE

6Hs)

Pork, mess, spot
Pork, extra prime
Pork, prime mess, West.
BeelfP'Sln mess
Beef. extra mess
Beef hams, Western
Bacon, West, long clear

23H

John Dwight

CO
64

SO
70
5
40
73
P8
45

'

PROVISIONS-

Bl'SiON,

George A. Clark

400

35'

™
*

W. DAYTON.

J,

Various Mills.

15 Caaoaoar
Whitb Stksbt.
PHILADELPHIA,

HIMVIKII'S

O

;xa

,
gal.

Olive, in casks* gall

45

3'ifl
1 fS

1 87h; t
3 12>t»
4 50

•

NEW YORK.

26X

f
...»
1 »>

•'

*

S3X

&

21
41'X
25

,-t

(3

bbl. 1 .0
"
1 70

",
Pitch, city
... .*gal
Spirits turpentine
Rosin, strained to goodstrd.* bbl.
" low No. 1 to geod Ho. 1 •'

Cotton seed, crude

20
24

24X@

"

"

From

43

....

@

2S
2)
23

in stock.

Waalilngtou Iflillo, ililiopee Itlfg Co.,
BnrllnKton Woolen Co.,
*
Ullerton New mills,
Atlantic Cotton mills,
Saratoga Victory fflfs; Co,,
AM1>
Hosiery, Shirts and Drawers

52 CO
12

21X3

'

Burry
South Am. Mertnc, unwashed
Cape Good Bope, unwashed
Texas, fine. Eastern
Texas, medium, Eastern.,

ii

1!

.

. .

a

,

16*

8
„ *
S)

.

\
Prams, srkte.
Damaons^wf.
'no

Whortleberries .(new;

>

*

15

a

B'X®

„

<merrle»_pltied, iry obcad (new)
.

1

5)
65

IS*

,

BlacklferrTCo (bewr^. . J .{.
Itaspberiie»»Tnew). ...*.•..

t

7X

DometticJDrteA
Apples, S<*0>ern, sll<*d ...v-i* ».fiiastteiaJirenen-TTIo
do

do
ce.,
achesfS5reB7<l8.,t;oidtoch
h
and qrs.,
qrs...
unparei/lialves apd
do-^"'
do^ nupafei/lialves

»

.

Prime City.

.TTVcasa.. 5 oO

Btote,«l»»»4<-A...l

Cuba, clayed

Cnba, Mus., 50 test
Barbadoes
Demerara
Porto Rico
50 test
do
N. O.. com. to choice

TALLOW—

;

new**— .J.-

.

5X

....a

Sardines, *%.ilf t fwt-^....... ..«<
aarolojw, *.«nf-tjr tif^T....^^.^
Ja »
Maflftronl. ltnltani^
Mai

.

S7«

..-;».,

.

d6-

t

4!i3
v 15H«

.ju,

.4.... •
, . ^. . ..... f -f -^i. •
Citron
y
Prunes, Taxltljf, new<....^.
«><.
do" French.. *>.... iv
f.r...r:r>..f.:..
.*..£,.
Pates

Figs,

70
15

6 oo

l^j

...:.....

n...j, ..<....

Canton Ginger..

10

16W
1

a
ti

co"

1
8

^

LooSie.,.-?.:....?...

CorrantsX

20
2
3 75
25
42

a

>

l&sisT.seMiieM. per 50 lb.lfall ......
LJurers.A.;....*

MOLASSES—

42 00

Widths and Colors always

all

No. 109 Iinane Street.

41;

a

l'.Xa
....®

American, at tide-water
Steel rails. American, a. tide water.

«C"

>las .'ihoreV.v.::::

rtackereliNo.2,B«p....^

do
do
do

%
\
4X

pr.bbl

Mackerel, No. lT*I. shore!
1
y
c
5Jl cirrlu^o

30

2

e.'xa
s

F
GMBtt<* aet>rge*&ew) cod.*

f

It

1

<B

fiiisjiD.

at

51 50

supply

AGENTS FOR

5
10

«
a

Ralls,

Carolina, fair to prime
Louisiana, fair to prima
Rangoon, in bond,

•'>

35

Vitriol. JjTji(j)i«bmmon

:2

•
a

21
3

®

a

*Ib

!»

KICK—

25
23
30

a
a

••

Scd&asb
8*gar of 'lead, white, prime.
•

a
a

a

Am

Rnabarb, Chlna.good to pr.... .. ...
Sal soda, Newcastle........ »loo».
Shell Lac. 2d 4 1st English. .... **.
••....•..•

l

6*a

Nutgalls.blue Aleppo....
Oil vltnol(66 Brimstone)..........

Opium, Turkey

6*
3 75

15

Madder, Dutch
Madder, French

Sheet, Ku»sln,8to

full

E.R.Mudge,Sawyer&Co

11
11

23 ro
22 00
22 00
i 00
19 00 «t 2i U0
22 (0
24 CO
titore Priced,

Bar,8wedes.ordlnary»lle«...*lb
Bar refined, Ene. and Amer.per ton.

STRIPES.'

9

18

a

;¥ ton.

kinds of

United State* limiting Company.

A

«x

®
®
»
@

all

Also, Agents

11
12
10

a
a
a

IROK--

Hams. smoked

....a
i24
25

. .

19
16

62*3
22

Licorice paate, Calabria
Licorice paste Sicily .. ••
Licorice paste, Spanish, solid

61
55

•
a

5X«

Smbier::'.::"v.:::":::"perVobibV.

J

a

5S
51

cubebs. Bast India.

i

a

a

100jb.

arowths

Cases
Refined
Naphtha, City, bbls

...

•••
aa
80

*£»'•

CaBtoroll.E.I.lnbond

cTustlc.oda

tartar,

6<i

20

*».

a

7

Co.,

"AWNING

9
10

2 00

«•;?*• »'"«» "•»
»lo0H>.

,

Turner

COTTON CANVAS. FELTING DUCK, CAR COVER
LNG, BAGGING. RAVENS DOCK, SAIL TWINES
AC. "ONTARIO" SEAMLESS BAGS,

US

OILCAKB* ton.
Clty, thin oblong.bags
Western, thin oblong (Dom.)
UX
a 22
PBTROLKUM3 .?*
Crude, In Bhlpping order
".fl8 3

12
2i
2

V100B.

%

16

Rma

,

* ».

Bicarb, soda, Newcastle
Blehro. potash
Bleaching powder
Brimstone, 2n1s*8rde
Brimstone, Am. roll

22
24

u«a

l.S

10
8
8
3
4

Plg, American, No. 1
Pig, American. r,o. 2
Pig. American, Forge
Pig, SCOtcn

U

21

a

8

Card«.

COTTONSAILDUCK
And

17

fair...

Linseed, casks and bbls
Menhaden, crude Sound
Neatsloot, No. 1 to extra
Whale, bleached winter
Whale, crude Northern

1"

id

It..

American Ingot, Lake
COTTON— See special report.
y
Aloes.Cape
Aloes, Barbadoes

X

a
a
«

VH-i

crop, med. to choice

OILS-

17

t»

13
12

COFPKB-

Cream

15

12

"

Bavanllla

Camphor

15M

12

2Uk

o

Western
all

21

9
10

Eastern

Tar, Washington
Tar, Wilmington

i^«

a
UK's
ii

Laguayra

"IBS?.

t

un

•

,

....a

•'

"

NAVAL STORKS-

ux

.'4

llaracaibo
St.

*'
20
30
50
3)

quotations are for Wilkesbarre coal.

aio, ord.car

,

new

«X

•<o

"

Yearlings...

It*

,

delivery.

.
Torks. new crop, low to

do

9*

»H

9X3
8X3
9xa

"

,

HOPS-

S

5

"

to fine

do....
do....

Texas,

Xxix

'Manufacturers and Dealers to

23

...

"

E. I. stock— Cal., ulaught.cow.
Calcutta, deadgreen
Calcntta, buffalo

lil

*»

"

do

California,

ti:

13
15

.

M
"

do .. ••
Matamoras.
"
W<!(.5al(«d— Buon. Ay, selected
do.... "
Para,
•'

2

1

"

do....

California,

Olds,

0>.

State factory, fair to prime

Rio Grande,
Orinoco,

60
6D

....

O

22
22

&

160 00

3va

do....
do....
do....

Corrlentes,

4
4

^

s
20

West'n creamery good to pr.ino
"
Welsh, State, fair to choice..
Western dairy, lair to choice.. "

CBUHBH-

*».

V4»

Ayres,selected. .V*.

<>iiiiii«'i<ial

BrinckerholT,

C0»
U5 (0#
17u 0»3
<5J 00»
145

M4«t

Montevideo,

60 00
22 oo
so

a

50

n>

•

Dry— Buenos

e

1

1

Jute

a

7
i'4

Zinc, French, green seal
Paris white. Kr.a.Cllffi ooe V UAH.
BCJTTKR— (Wholesale Prices)—

Sisal

a
00
a«
a 45 00
•lau no
a B
a i6
a is uu

22
35 00
35 00
75 00
Is
14

»

Maple

FMnti— Ld., In oil, com

00

18

«su

gnum

a
a

40 00

1

HlUs— :oa«Od.ccm,fen.*

100

vton.

Manila

00

7

26 00

•

»

Kockland. finishing

4

Russia clean

a
a
a

i*)

»

22 00
bbl.
9)
bbl.
10

Philadelphia

American dressed
AmerlcaL undressed
Italian

M

drjc*«— Common hard, afloat.. V
Croton

i\

4X4

[Vol.

report under Cotton

GUNNIES.— See

OURKENT

PRICKS

COAL-

»

,

THE CHRONICLE

260

Ohio

.

..

5' :

...

6*

CASH ASSETS OVERS 80,000,000.

C
September

V

:

:

THE CHItONlCLE

6, 1879.J

Insurance.

SlCUIilNllipS.

Cotton.

ONLY

B.F.BABCOCK&CO.

OFFICE OF THE

The General Trans- Atlantic Company

17 Water Street,

BETWEEN

NEW YORK AND HAVRE.
The splendid

Insurance

Co.

vessels on this favorite routo far the
Continent— cabins provided with electric bells— will
sail from Pier (new) No. -12 North Illver. foot of
Morton street, as follows
Labrador. Sangller
Wed.. Sept. 10, 12 M.
ST. LAlRF.NT.Jouclu
Wed.. Sept. 17.6 A.M.
PKRF.1HF., Danre
Wed.. Sept. 24. 12 M.
I'KICK OF PASSAGE, (Including wlno;
To Havre— First cabin, *10O; second cabin, $05:

York, 3£Xi'lij

28, 1879.

The Trustee*, In conformity to the Charter of the
Company, submit the following Statement of Its
on the

affairs

ding and utensils.
It..| urn tickets at vory reduced rates, available for
twelve months.
For passage and freight apply to

LOUIS DE BEBIAN,

December, 1878:
Preminms received on Marine Risks,
from 1st January, 1873, to 31st December,

31st

1878.

Premiums on

commission merchants,
(3 kx7hangb place,

mirked

off

1,818,697 36

Total amount of Marine Premiums.

h»7e been Issued upot:

policies

Life

$5,858,006 83

lii.-ks

:,

upon

iior

Fire, discon-

ary, 1878,to 31st

Hayti, Gonaives, St. Mure, Port au Prince, Aux
Caves and Jacmel, In Hayti; Santa Martha. Savanllla, Carthngena and Asplnwall, in Columbia; and
Greytown, Nicaragua.
Regular Fortnightly Sailings from Pier No. 51
North lliver as follows
For Hayti, Colombla.Greytown, Port Llmon, Asplnwall, Panama, and Smith Pacific Ports
ALVO
Sept. I.'i| A1I,SA
Sept. 27
For Kingston. Iluyti and Maracaibo
:

from 1st JanuDecember, 1878....
off

4,186,024 92

United States and State of
Stock, City,

in

Total

New York

Bank and

Bank
amount of Assets.".^ 777.

Six per cent. Interest on

701,200 00
619,031 50
1,529,239 74

^

881,210 92

. .

$13,310,463 16

the outstanding

certificates of profits will be paid to the holders
thereof, or their legal representatives, en and after

Tuesday, the 4th of February next.

The Outstanding Certificates of the issue
of 1875 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after

Tuesday, the 4th of February n^xt, from which date
all interest thereon will cease.
The certificates to
be produced at the time of payment and cancelled.

A Dividend

of Thirty per cent.

Is

May

next.

OPEN FROM

TO

12 P.

M.

Rector Street— Nearest point for Wall St. Ferry
cars for South Ferry. Cort*.
landt Street— Nearest point fur Jersey City and Communipaw Ferries. Park Place. Chambers Street
Franklin Street. Grand Street, Bleecker StreetConnects with ears for East and West. 8tb Street
14th Street. 23d street. Slid Street. 42d StreetConnects with New York Transfer Company's cab
for Grand Central Depot. 50th Street ami fith Ave
58th Street. 53d Street and Hth Ave. 5»th St. and
9th Ave. 72d Street and llth Ave. 81st Street and
8th Ave. "3d Street and Hth Ave. 104th Street and
9th Ave. For up-town trains take east side stations
For down-town trains take west side stations.
Trains will run to 5Sth stieet and fith ave. and

FARE TEN

M

M.

WM.

GARRISON, President
Superintendent.

R.

VAN BROCKLIN,

Wire Rope.
STEEL AND CHARCOAL
IRON of superior quality

de-

sultable'for

MINING AND

HOISTING PURPOSES,

in.

cllned Planes, Transmission
of Power, Ac.
Also Gal
ranlzed Charcoal and BBlo*
ihlps' Rigging, Suspension
Bridges, Derrick Guys.Ferry

CHAP.il AN, Secretary.

Kopes, &c.
A large stock
constantly on hand from
which any desired length

FLAT STEEL AND

IRON ROPES for Mining
purposes manufactured to

JOHN

-TRUSTEES:
D. Jones,

Adolph Lemoyne,
WUllam E. Dodge,
Thomas F. Youngs,

Edmund W.

John

Corlies,

Elliott,

Hia

Charles D. Leverich,
William H. Fogg,
Thomas B. Coddington,
A. A. Raven,
Benjamin H. Field,

1

throughout the world.

RAVEN,

Joseph Gillott
j

& SOUS,

New York.

3d Vlce-Pr»iideat,

&

Co.,

COTTON BROKERS,
117 Pearl

New

Street,

York.

Orders for Spot Cotton and Futures promptly exe
cited

H. Tileston

&

Co.,

SOTTON BUYERS A COMMISSION MERCHANTS

60 Stone Street,
O -derj

New

In Futures executed at N. 7.

York.

Cotton Exchange

L. F. Berje,
COTTON BUYER A COMMISSION MERCHANT,

NEW ORLEAN
F. Wheless
COTTON

John

L A.

&

Co.,

COMMISSION MERCHANTS,
NASHVILLE, TENNESSEE.
Special attention given to Spinners' orders.

spondence

Corre-

solicited.

References.— Third and Fourth National BanKS
ana Proprietors of The Chboniolx.

D.

W. Lamkin &

Co.,

Cotton Factors,

VICKSRTJRG, MISS.

Felix Alexander,
COTTON BROKER,

AUGUSTA, GEORGIA.
Entire attention given to purchase of COTTON on
for SPINNERS and EXPORTERS
Correspondence Solicited.
References :—National Bank of Augusta, Georgia

ORDER

Henry Hentx- A Co., Commission Merchants New
York; William B.Dana A Co., Proprietors Coxxxs
*
cial and Financial Chbonicle, and other New
Yoik House*.
1

'

CHARLES DENNIS, Vice-President,
W. H. H. MOORE, Sd Vice-President
A. A.

1

and his other styles may be had of all dealers

James G. DeForest,

J D. JONES, President.

PARIS, 1878.

Celebrated yumbers,

303-404- 70-35 -332.

Frederick Chauncey,
William Bryce,
Peter V. King,

Horace K. Thurber,
William Degroot,

Wtm,

GOLD MEDAL,

Robert B. Mintnrn,
George W. Lane,

York.

Dennis Perkins

Wm.
$ttt\

Alexander V. Blake,
Charles H. Marshall,
Robert T. Stuart,

New

York-

A

Charles P. Burdett,

John D. Hewlett,

47 Broadway.

order.

Storgis,

Hand,
William H. Webb,
Horace Gray,

Co.,

Orders to Purchase Cotton in our market solicited
Refer to Messrs. THOMAS J. SLAUGHTER, New

Josiah O. Low,
Royal Phelps,
C.

&

Sawyer, Wallace

MASON & CO.,
New York.

\V

Lewis Curtis,
James Low,
Gordon W. Burnham,

Wm.

BOSTON, MASS.,

Agencies for the purchase of Cotton at all of the
principal Southern Markets.

43 Broadway,

Charles Dennis,

Charles H. Russell,
David Lane,
Francis Skiddy,

Co.,

GRAY A CO.),

COTTON BUYERS AND BROKERS,
NO. 96 WATER STREET.

CENTS,

Except between the hours uf 5:30 and 7:30 A. M. an
when the fare is Five Cents.
o and 7 P.

L

W. H. n. Moore,

(Successors to

104th street and 9th ave. alternately.
Sunday trains from 12:30 P. M. till 12 midnight.

are cut.

J.

& co.

v

i:

Almy &

and connects with the

the Board,

J. II.

A. M.

5:80

t

By order of

53

MANHATTAN RAILWAY COMPANY,
SIXTH AVENUE LINE.

Cared on the net earned premiums of the Company,
for the year ending 31st December, 1878, for which
certificates will be Usuedjm and after Tuesday, the
0th of

s

OTTON FACTORS A COMMISSION MERCHANTS

other stocks. $10,086,758 00
Loans secured by Stocks, and other-

Cash

it

miscellaneous.

assets, viz.:

'.

i:

COTTON BROKERS,
BEAVER STREET, NEW YORK.

ATLAS

Sept. 1H]

For Porto Klco— CLARIBEL, Sept. 20. *
Superior first-elass passenger accommodations.
P1M, FORWOOD 4 CO.. Agents,
No. 37 Wall Street.

wise
Real estate and claims due the Company, cstimatedat
Premium Notes and Bills Receivable'

j

WALTER & KROHN,

:

ETNA

Losses paid during the
sauie period
$2,012,784 45
Return- of Premiums and
Hxnenses. .. (859,960 58

The Company has the following

Mancneeter and Liverpool,

> E

:

nected with Musine, Risks

Premiums marked

For West Indies and South America. Calling at
the following ports, viz.: Kingston (,1am.), Capo

new yoke.

HOUSIS IK

Atlas Mail Line.

$4,009,309 47

po'leies not

1st January, 1878

No

Agent, 55 Broadway.

CO.,

Knoop, Hanemann & Co

third cabin, $35: steerage, f 2H, Including wine, bed-

New

LIVERPOOL,

1
consignment* of Cotton and other Prodoc*
•
n ??.'.'!?
and
execute orders at the Exchanges
In ""'
Llverpoo.
rfvv
Represented In New York at the ottlce of

BABCOCK BROTHERS *
50 Wall Stbext.

Mall Steamships,

AT L AN TI
Mutual

COMMISSION MERCHANTS,

Direct Line to France.

PERU! k

m

IS5

Of SUPERIOR ENGLISH MAKE. 25

STEEL

Samples of our leading styles, for
trial, including the famous " U "
FALCON" Pens, by mall, on
receipt of 25 cents. Ask your Sta-

and "

tioner for

PENS.

PERRY'S PENS.

vison, Ithiki niiiii, Taylor & Co
8ole Agents for U.S. New York
I

,

,

:

THE CHRONICLE.
Cotton.

Cotton.

Woodward &

Stillman,

&

76 Wall

COTTON
COMMISSION MERCHANTS,

Street,

NEW YORK.

Ms

GENERAL COMMISSIONMEIU
AIDS MADE ON ACCEPTABLE
II

NKCI

\

York.

al

attention paid to the execution of orders for

SOUTHERN SECURITIES.

or sale of contracts for future delivery

&

Co.,

GENERAL
VOlM.tllSSION

OF NEW YORK,

St.,

I!

(

New

A\

I

Mobr. ClemensFischer, H. W. HANEMANN,
Son of J. T, Hanemann,
late of Knoop, Hanemann & Co.

Mohr, Hanemann & Co.,
COTTON BROKERS,
123 I'KUll STREET,

S

York.

Advances made on Consignments to

JAMES FINLAY &

TMe#sjr*.

CO.,

NEW YORK.

LIVERPOOL, LONDON AND GLASGOW.

Special attention given to the execution of

oAJso execute orders for Merchandise through

OR-

DERS FOR FUTURE CONTRACTS.
FIN LAY, Ml'IH & CO.,
CALCUTTA AND BOMBAY.
Fielding,
&Co.,
VDTURE CONTRACTS FOR COTTON bought

Gwynn

on Commission in

New York and Liverpool.

Total Assets

Held

CO.,

COMMISSION MERCHANTS,

«0OTT0N COMMISSION MERCHANTS,

New

York.

:

Total

&

merchants,

(Successors to

21 Central Street, Boston.
liberal advances made on consignments. Prompt
T*raonal attention paid to the execution of orders
3rr the purchase or sale of contracts for future

&

Waldron

Unpaid

&

Co.,

BP.OOK->>

GENERAL COTTON MERCHANTS,
NEW

9T PEARL STREET,

YORK.

New

Lehman, Duke & Co
Montgomery, Ala.

Orleans, La.

,

LEHMAN BRO'S,
Cotton Factor?
AND

EXCHANGE PLACE.

New
XarfcMd

York.

Jemison

<Snccess'ors to

&

MOODY &

Co.,

__ja made on Consignments. Future Confer Cotton bought and sold on Commission,
Liverpool.

m

F«rk and

Farley,

COTTON FACTORS,
COMMISSION

MERCHANTS,
Aim

VISAKCIAL AGENTS,
132 Pearl
Street,

3,909.

New

York.

^i4»aace*-made on Consignments.
reonal attention to the purchase and sale

_J*E Jil*l£S
^CQET
TBACTS FOB

FUTURE DELIVERY "OF

TVWTICE.— A CENTLBJIAN OF LONG
^^mtjterlence in the Cotton Trade

•warring
i

fc

i

*

r

b.

Is

desirous of

ft reliable agency for any of the
Cotton
jthe. South.
Very highest references
J?ot further particulars see written couimu-

Uot

Ucn «t the oface of the Comjiebcial
' • \ Chbonicle.

1819..

4,863.68? 85

$2,045, 458 94

St.,

Sew

ALEXANDER,

North

York.

Agent.

British

Mercantile

Ins.

Co.

in Store.

United States Board of Management)

NEW T0BK
SOLON HUMPHREYS, ChVn.(E. D.Morgan & Co
DAVID DOWS, Esq. (David Dows & Co.)
E. P.

PABBRI,

J. J.

ASTOR,

Esq.

P.

BLAUDEN,

MANAGERS,
Office

Foulke,

New York.

Morgan &Cc.)

CHAS. E. WHITE, SAM.

Ir.

1841.

Esq. (Orexel,

S. B. CHITTENDEN.
EZRA WHITE. Esq.

Hon.

54 William

St.,

New York.

Liverpool

GENERA!

London

&

& Globe

Insurance Company^

and

45 William Si.

for the urn-chase or sale of Contracts for Future
Delivery.

&

A. L. Pierce
Civil

H.

00—

251,499

Special attention given to the execution of orders

AND

J.

&

121 Pearl Street,

JEMISON),

CBSHSBAL COMMISSION MERCHANTS,
»•. 123 Pearl Street, New York.

l

made on COTTON

Bennet

losses, etc

JAN. A.

&

$6,914,147 79

1,617,189 f5

I,

COMMISSION MERCHANTS,

VBXNKERS, COTTON FACTORS

BL W. &

Co.,

Established (In Tontine Building)

to us, or to our correivv&*eiit8 In Liverpool, Messrs. li. Newgass & Co.
£»4Uecsrs L. Rosenheim & Sons.

*»:4» Box

Liberal Advances

at the Cotton

aajA other produce consigned

JE. S.

&

MERCHANTS AND BANKERS,
BROAD STREET, NEW YORK.

COTTON BROKERS,
No. 146 Pearl Street, near Wall, N.

•

.

Exchanges In New
Liverpool, and advances made on Cotton

<«*er«'executed

54

1879

$ 3,000,000 00

LONDON AND EDINBURGH.

Tames F. Wenman & Co.

-COMMISSION MERCHANTS,
40

R. M. Waters

1,

...

OF

Future orders promptly executed.

.

Co.,

Company

NET SURPLUS, Jan.
No. 2 Cortlandt

Tainter,

NOURSE &

has been de-

OF HARTFORD.
Capital

COTTON BROKERS,

PEARL STREET, NEW YORK,

Abraham &

PER CENT

Insurance

PEARL STREET. NEW YORK.

136

AND

an,

A

Dividend of FIYE
clared, payable on demand.

Re-insurance fund.

Co.,

COTTON

Y.

street, N.

Geo. Copeland

'uts.

109

$6,128,021 74

CHAS. J. MARTIN, President.
J. H. WASHBURN, Secretary.

Total Assets, January

140 Pearl

Special attention paid to the execution of orders
t33orthe purchase or sale of contracts for future detlrpcry of cotton. Liberal advances made on con-

^conniissioN

ASSETS

United States, available for the PAYof LOSSES by FIRE and for the protection of Policy-Holdera of FIRE INSURANCE
Cash in Banks
$92,422 67
Bonds and mortgages, being first lien on
real estate (worth $4,107,009)
1,928,236 64
United States stocks (market value)
8,819,500 00
Bank stocks (market value)
189,575 00
Stateand municipal b'ds (market value) 235,778 00
Loans on stocks, payable on demand
(market value of securities $210,367)..
141,170 00
Interest due on 1st July. 1879
55.178 25
Balance in hands of agents
163,505 08
Real estate,
85,921 26
Premiums due and uncollected on policies issued at this office
8.734 24

iETNA

SUCCESSORS TO

WARE, MURPHY &

R. Smith

48

$0,128,021 71

in the

Johnston,

111 Pearl Street,

00
00
2G

MENT

COTTON FACTORS

&

Schroeder

B.

$3,000,000
1,728,217
220,2 1
1,179,594

Reserve for Re-insurance
Reserve for Unpaid Losses
Net Surplus

mcssrs.

~~

BROADWAY.

OFFICE, 119

Fifty-Second Semi-annual Statement,
SHOWING THE
CONDITION OF THE COMPANY ON THE FIRST
DAY OF JULY, 1879.

;

i; li

II

South William

uad sold

Company

Insurance

SUMMARY OF
Wll.

1879.

HOME
CASH CAPITAL

LOANS MADE ON

advances made on Consignments.

Henry Hentz
S

New

lill'l.

a'

r&e purchase
afoMXon.

Cotton Kzchange Building,

101 Pearl Street,

6,

Insurance.

INMAN,SWANN&Co

SEAMEN'S BANK BUILDING.

No*. 74

[September

J.

E. PlIESFORD,

Co.,

Besident Manages.

& Real Estate Agents,
VICKSBURG, MISS.

Engineers
,

Commercial

Purchase, sale, entry and redemption of lands and
fayment of taxes for non-residents attended to.
nformation as to value and local advantage of
lands furnished. Our field of operation embraces
the States of Louisiana and Mississippi.

MANCHESTER

Works,

Locomotive

Union

<CV LONDOX),

MANUFACTURERS OF
Locomotives and Amoskeag Steam
Fire Engines,

MANCHESTER,

ARETAS BLOOD,
Superintendent,
Manchester, N. 11

W.

ALFRED

Wat«r

street,

Boston

PELL,
Resident Manager,

N. H.
G. MEANS,
Treasurer,

40

Ins. Co.

37

&

89 Wall

Street,