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rt
HUNT'S
MERCHANTS’
3^
MAGAZINE,
fjkwis paper,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP^fHE UNITED STATES-
YOL. 27.
SATURDAY, SEPTEMBER 7,, 1878.
led away
CONTENTS.
THE CHRONICLE.
The P-icific Railroad Land Case... 237 The Debt Statement for Angust... 242
The Monetary Conference and the
Latest Monetary and Commercial
Silver Problem
238
243
English News
The Fever-Stricken South
239 Commercial
and Miscellaneous
Financial Review of August
News
245
2-10
Imports and Exports for July, 1878 242
THE
GAZETTE.
BANKERS’
y Market, U. S. Securities,
Money
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, Boston Banks, etc
246
Quotations of Stocks and Bonds... 249
New York Local Securities
Corporation Finances
251
THE COMMERCIAL TIMES.
Commercial Epitome
r
254 I Dry Goods
Cotton
Breadstuffs
251 Imports, Receipts
258 I Prices Current
..
250
:.
Investments, and State, City and
.{ 259
and Exports.... 260
2U1
to him
NO. 689.
by unduly dwelling
what clearly seemed
ought to have been the law and ought now to be
the result—has reached
an
upon
untenable
decision, it is
un¬
necessary to re-state them at
his former arguments. But
length now that he repeats
in one or two respects he
takes new ground, or, to state it perhaps more accu¬
rately, adduces additional reasons in support of his
position. Thus, in speaking of the significance to be
given to the words “or disposed of” in the act, he makes
this remark: “The question now under consideration,
however, is not the meaning which may he given to
“the words ‘or disposed of,’ but the meaning which
Congress intended should he given to those words as
they occur in said act.” Kow, is this so ? Is this the
question under consideration ? We think not. On the
contrary, this statement appears to us exceedingly
erroneous—a perversion of a well-known rule of law.
For while it is true that in construing statutes
“
Site Chronicle.
The Commercial
and
day morning, with the latest
news up
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July, 1815, to date—or of Hunt’s Merchants’ Magazine, 1839
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"
..
K-sf" The Business Department of the Chronicle is represented among
City by Mr. Fred. W. Jones.
Financial Interests in New York
THE PACIFIC RAILROAD
About
LAND CASE.
month ago we gave
in full and commented
the
decision
upon
of Secretary Schurz in the very impor
tant matter of the legal status of the lands granted to
the Pacific railroads after the expiration of three years
from the time of completion of the roads.
The Kansas
Pacific and Union Pacific companies having requested a
suspension and reconsideration of this decision, the
Secretary has now gone over the case in review, re-affirnr
ing his former conclusion. The application for a recon¬
sideration was put upon the ground that the grant to
the companies was an absolute one, vesting in them
alone the right to sell the lands; that mortgaging the
lands was such a disposition of them as comes within
the meaning of the words “or disposed of”; that by
those mortgages the companies have sold and conveyed
all the title the grant acts gave them.
Having stated at the time the reasons which impel us
a
to the conclusion
that the
Secretary—possibly because
“
is
is
stances
allowable
and
to
outside
take
into
account
considerations
the
circum¬
assisting to
explain an obscure phrase, it is positively true
that the intention of the law-maker is only one
element of interpretation, and is of no consequence
except where the interpretation is otherwise doubtful.
Or, to put the statement in a pithy and antithetical way
which plain people will understand, the question is not
what the law-makers intended to enact, but what they
did enact.
Those who are to expound or execute a law
may have their opinion about the intent, in their
private capacity; officially, they have only one thing to
do—to take the acts of the law-maker
as
and not make
inquiry about the intention. Interpreting a law is reading
what is there, and a thousand may read it alike; gather¬
ing the intention is finding out what may not be there,
and a thousand persons may find a thousand things.
Will anybody venture to take the position that if Con*
gress, by all reasonable probability, intended to enact a
certain thing, hut did enact a different or even a con¬
trary thing, the law is to he read between the lines accord¬
ing to the assumed intent; or that if a certain object was
unquestionably aimed at, and the law passed in further¬
ance of that object effects a contrary one, it must he so
executed as to make it produce thev designed effect ? On
the latter rule, if a law of Congress admittedly designed
and expected to produce currency expansion should
produce the contrary, the law would have to be executed
in the reverse way so as to work as it was meant to
work.
On the former rule, every law would be exposed
to the chance of re-reading, and there might be suc¬
cessive interpretations, every judge and every executive
officer following what he might suppose the intent to have
238
been.
CHRONICLE
Mr.
[Vol. XXVII.
Schurz, therefore, in going into a search of course go to the Supreme Court as quickly
as prac¬
general policy of the Govern¬ ticable, and persons who pre-empt the lands will take
ment, to find out the intent of Congress, instead of look¬ the risks of a questionable title.
ing for the intent in the words of the law, seems to us
to be wandering into an extra-judicial
THE MONETARY CONFERENCE AND
by-path.
THE
Of course, there is no room for outside
SILVER
PROBLEM.
inquiry in inter¬
pretation unless the law is itself obscure. It does not
The International Monetary
Conference has met and
seem to us that the
language in this case is obscure, or adjourned. What else it has accomplished it would be
that Mr. Schurz claims it to be so ; instead of holding
quite difficult to state. Mr. Goschen, of the English
that the law admits no clear interpretation
independently delegation, admitted that England, although having the
and must, therefore, be read in the light of circumstances
single standard, is greatly interested in silver’s continu¬
and the general public policy on the subject, he takes a
ing in use. M. Say said the question would remain too
reading of his own, and seeks justification for it in the obscure for France to act so long as
Germany had a
circumstances. That is, he assumes that a certain thing considerable stock of silver which
could be unloaded
must have been the intent of
Congress ; therefore, that upon her; yet he approved of the action of the United
in the expression “sold or disposed of by said
company,’! States in taking the initiative. To Mr. Groesbeck, who
the three words “ or disposed of,” may be
ignored as urged the resumption of free coinage,’on the ground
surplusage. In “ sold or disposed of ” we have a narrow that circumstances have greatly changed since its sus¬
and specific term coupled
alternatively with a broad and pension by the Latin Union, the Swiss representative
general one. It is doing violence to language to say replied that but for that suspension the Union would
that the two are equivalent, the “ or” merely
offering a have been deluged by the German supply, and he also
choice of equal terms; for a thing “ sold ” is “
disposed feared an increase in the Nevada and South American
of,” but a thing “disposed of ” is not necessarily “sold.” yield. The Belgian representative argued the
impossi¬
When, therefore, Mr. Schurz expresses “ the opinion bility of giving any stability to the value of silver
by
that an actual sale to a bona fide purchaser for a valulegislation; and Mr. Lecombe, of the English delegation,
able consideration within the time limited, is the
only also dwelt upon its liability to uncontrollable fluctua¬
disposition which was intended by Congress should tions, and held that no action of the Conference could
“exempt any of said lands from sale under the pre-emp- remedy this, as each government would study its own
tion law,” it seems a sufficient
reply to say that any¬ interests. Germany, having declined to participate,
body is free to entertain an opinion about what “ was of course had nothing to say. On part of the United
intended” by Congress, but that such
opinion gives no States the three commissioners urged to the last the
right to alter the statute when the practical question of importance of reaching a concurrence in some
position,
what was enacted is up for determination.
In the purely submitting propositions declaring it desirable that an
legal matter of dealing with the Pacific railroads in their unrestricted minting and using of silver should be re¬
relations with Government, there has been a
quite tained where now existing, and, as far as practicable,
prevalent disposition to treat the contracts which were restored where they have ceased to exist; that the use
made according to the present idea of what
ought to of both the metals as unlimited legal tender may be made
have been made.
safe by equalizing them at a relation to be fixed
by
However, we do not intend to argue this at length. international agreement, and by then putting them both
But in considering the matter of the rights of mort¬ on the same
footing as respects coinage. To this the
gagees—which, it must be remembered, are equities that European delegates replied only by urging the neces¬
have attached since the grants were made, and cannot
sity of maintaining the use of both metals, and also the
now be impaired
by any new action of either the legis¬ entire freedom of every country to use either or both,
lative or the executive departments of the Government— and to allow or disallow the free
coinage of silver. A
Mr. Schurz avers that “ this right of the companies to resolution of thanks to this
country was adopted for
“
sell the lands, having ceased by virtue of the third
having brought about an international exchange of
“
section of the act of July 1, 1862, the
security of the opinion on important monetary questions, and another
“
mortgagees will be subrogated by the moneys arising that in view of the divergencies of opinion and the im¬
“
from the sales when made by the Government.” This
possibility that even States which have the double stan¬
last clause seems tantamount to saying that the less is dard can make
any engagement in regard to an un¬
equal to the greater. For, since the lands in question limited mintage of silver, there is no ground for discus¬
are worth in market
say four or five dollars an acre, sing the question of an international ratio between the
how is it possible that forcibly reducing the price to two metals.
Beyond this they would not go, the AmerL
*1 25, subrogates the present security, represented by can representatives
being unable even to obtain a vote
the market va’ue, by parting with it for $1 25 cash in
upon their propositions.
hand ? Nothing can be plainer than that this impairs,
A fuller report may perhaps qualify this conclusion
instead of subrogating, the mortgagees’ security.
Fur¬ somewhat; but the outline of the proceedings we have
thermore, in case of the Kansas Pacific, another interest¬ given shows that a profusion of civilities and encouraging
ing point may be raised; whether, in equity, even if words was all that Europe had to offer. The American
not in a purely legal, view, the
rights of the bond¬ delegates did their best to secure a commitment, but the
holders are not strengthened by the fact that the road is
European delegates firmly declined to be committed.
in process of foreclosure—whether, the
contingency con¬ They agreed in general with all that was said about the
templated by the mortgage, to wit, default, having been desirability of using both metals, and the importance of
realized, the lands are not all the more clearly brought securing concurrent international action; but France
within the meaning of the mooted words of the act, “ or
thought the subject too obscure for any action, Switzer¬
disposed of.” This is a point we have not seen suggested, land feared the bonanza mines, Belgium thought it 'im¬
and we add it to the other considerations urged, as show¬
possible to control the fluctuations of silver, England
ing how great are the complications of the case and the thought each nation would look out for itself, and they
vested interests concerned. The whole matter will of all
agreed that it is impossible to do anything at present,
the circumstances and the
*
“
“
“
“
September
while much
7,1878. |
obliged to the United States for having
taken the initiative.
There is
THE CHRONICLE
239
do not want it.
Compliance with Mr. Sherman’s last
offer cannot be expected on any considerable scale unless
assisted by the scarcity of small notes—which some
charge upon him, and others upon a deficiency of appro¬
priations for printing—for if the people wanted the
dollars the banks would have taken them.
Meanwhile,
the price of silver continues to decline; Europe sees our
folly and in it her opportunity, and so graciously passes
us a vote of thanks; as for ourselves, nobody wants the
dollar, and yet the mischief of the Silver bill in turning
the gold revenue into silver remains always a threatening
possibility. Under these circumstances, is it not the only
wise course, and the only ready escape for the country
from the trouble of the case, to pass a joint resolution
suspending the coinage as soon as Congress meets in
nothing surprising in this. While it is true
that an indirect good may be accomplished by the Con¬
ference in starting the precedent of seeking interna¬
tional concurrence in monetary action, its utter failure
in respect to the special object is clear. The American
representatives must almost have felt conscious, at the
moment they were urging the importance of concurrence,
that only the politeness of their auditors could repress
the natural reply, and we can almost see a quiet sarcasm
in the resolution of thanks to this country for having
brought about “an international exchange of opinion”
—not a change, it appears. The position of this country
irresistibly suggests the fable of the fox. As was
repeatedly but unavailingly shown, before last February, December.
would be the case, we have deliberately thrown away
the advantage we unquestionably had of being able,
THE FEVER-STRICKEN SOUTH
with peculiar propriety and authority, to initiate a con¬
The news from the South continues to be as alarming
ference and to carry to it an influence which might have
been made almost commanding. As it is, we have acted, as ever. There is no sign as yet of any abatement or
The weather,
and then have asked a consultation; we have plunged mitigation in the violence of the plague.
into a quagmire and then beckoned to Europe to fol¬ up to latest accounts, was still warm and rainy, thus
low; we have precipitated ourselves into trouble and' tending to intensify the disease and to give it n wider
then besought to be helped out. It was so natural that area of operation. The reports from New Orleans, from
it was inevitable we should be told that the result of Canton, from Vicksburg, from Memphis, from Holly
action is too obscure to make any action expedient and Springs, and from other centres on both shores of the
each nation must reserve the right to take care of its own Mississippi, recall the memory of some of the great
interests as best it can.
Not that the disuse of silver is plagues of the past which have become landmarks of
shown to be wise or certain to continue long; but that history. It is impossible, indeed, to exaggerate the sufthere is no basis for agreement, that Europe prefers to ering which has been already endured, and the misery
wait, and is willing to let this country go on alone if which has been experienced. And what gives a pecu¬
it feels like it. The course of events, and particularly liarity to the pestilence, and, to a certain extent, adds to
the price of silver, are past predicting; but, with the its horrors, is that, while it baffles all precaution and
circumstances unchanged, and as far as argument and falls with equal severity on all classes—black and white,
rich and poor—it stubbornly resists remedial means and
persuasion go, it is well to understand that a reversal
s
position is hopeless. Had we sent to Paris the efforts.
Such a calamity is indeed well fitted to call forth deep
best men in the country, or the worst, or even the entire
body of Congress, the result would- have been the sympathy; and it is a proud characteristic of the Amer¬
ican people that, busied as they are with their own
same.
It is entirely feasible, however, to make the Conference individual affairs, more perhaps than any other people
most useful in this country, if the advocates of silver on the face of the globe, they are never so absorbed
of this
only learn the lesson. When the bill was passed, with self as to be indifferent to their fellows or to
silver, which was 54 pence per ounce in London, Janu¬ be deaf to the call of the suffering. Happily there
are
many examples to which we can point with
ary 1, had risen to 55, and according to the lame logic
of the modern inflationist—post hoc, propter hoc—this pride. Of these it is sufficient to mention the spon¬
taneous and generous outflow of charity, during the
slight rise was the beginning of a restoration of silver in
time of the great Irish famine, and the relief which
consequence of the bill ; but since April 1 the tendency
has been downward and the price is now about three in later years was given to the sufferers by fire in
pence below that of February 23. Here, the situation Chicago and Boston. It is gratifying to know that this
is, that of the 12 millions of the 88-cent dollar already same feeling is as active as ever in the midst of us, and
that in response to the call which comes in loud and
coined, only about one-sixth has been forced out into
circulation, notwithstanding liberal and unusual offers; piteous wails from the much-afflicted cities of the
and now Mr. Sherman has decided to send them out, South, the men and women of the North, unite
transportation free, in sums of $1,000 to $10,000, to any their energies, and with one heart and soul, seek by
deeds of benevolence, and by acts of self-sacrifiee, to
person who deposits the currency for them in a depository
bank; The fact is proved that, while the coinage in the alleviate the existing distress. Sad and much to be
deplored as such calamities are, they have withal their
seven months is about 50 per cent more than the total
coinage of the silver dollar during the eighty years bright side; for they reveal to us, as nothing else does
from 1793 to 1873, the people do not want the coin at or can reveal, the latent good which is stored up, so to
all and positively refuse to take it in exchange when speak, in human hearts.
Much has been done already for the sufferers; but
the Treasury offers it, preferring the paper certificates
even for customs.
Habit is altogether against the use when we learn that the fever-stricken are allowed to lie
of this coin, and, as we explained some time ago, the and die unheeded for the want of nurses and physicians,
one-dollar and two*dollar greenbacks are ample in quan¬ and that the dead, in numbers of instances, are permit¬
tity and are deemed more desirable. There is no reason ted to lie unburied, polluting the air with their offensive
for supposing that its inferior intrinsic value keeps the odors, it is evident that much more must be done, if we
would not allow whole townships to perish. In all of
new dollar out of circulation; the people do not take
it from the Treasury because they do not like it and the large cities of the North every effort should be put
will
w
240
THE CHRONICLE.
[ V oi.. XXVIL
STATISTICAL SUMMARY, SEPTEMBER 1, 1S75 TO 1878.
forth, advantage should be taken of every organization,
whether civil, social or religious, and there should be a
1873.
■—
1876.
CD -o -)
common
rivalry to excel in this work of benevolence. New York
City Banks—
There ought to be no want of supplies, of nurses, or of
Loans and discounts.. $ 239,431,700
213,778,700
255,823,500
Specie
$
17,000,300
16,030,100
22,142,200
medical men, if all classes unite in a common effort and
Circulation
19.43S.700
$
15,383,300
14,608,800
Net deposits
$ 216,164,100 209,450,760
228.593,000
do their duty.
Temptations ought to be held out to all Legal tenders
$
53,948,500
48,130,600
57,78 ‘,600
Surp. reserve Cover 25 #)$
16,907,775
11,792,025
23,774,550
who volunteer to go to the fever centres as nurses or
Money,
Gold, Exchange—
Call loans
3-5
i%-2
1-2%
doctors. They carry their lives in their hands, as cer¬
Prime paper
3%-4%
5%-7
3*4-4%
Gold
104
100%
110%
tainly as they would do were they marching against the Silver in London, $ oz.. 52%
d.
54%d.
51%d.
Prime sterl. bills 60 days.
4 83-4 83*4 4 82%-4 83%
4 £6-4 87
enemy on the battle-field. We encourage the soldier by United States Bonds—
5-20 bonds, ’67, c. up.....
103%
117
the hope of pecuniary reward. Why not
107%
encourage the
6s, currency
123
119%
127
10-40s. coupon
106%
116
nurse and the physician—soldiers
109%
also, but of a nobler
4%s, 1891, coupon
103%
106%
4s of 1907, coupon
1.3
sort than those who go forth to
100%
destroy life? With Raihoad Stocks—
N. Y. Cent. & Hud
111%
106
101%
proper inducements held out, there ought to be no lack
Erie
14%
12%
10%
1875.
•
!
1
232,336,900
12,045,100
18,021,000
346,616,700
70,508,700
20,892,125
1%-?%
4-8
114%
56%d.
4 84%-4 85
119 %
123%'
116%
,
Lake S. & Mich So
of all such needed assistance.
Michigan Central...
It will be
65%
63%
117%
.,..
64
103%
15*4
58%
53%
39%
56%
63
Chic- Rk. Ial. & Pac
10 i%
well, if, when this fresh visitation shall have
103%
106%
Illinois Central
80
66
89%r
98%
Chic. & Northwest, com
34%
£2%
passed away, the attention of men of science shall be Chic. Mil. & St. P. com.
36%
39%
27%
31
36
31%
Del. Lack. & West......
directed to the causes, primary and
52%
49%
£3%
119%
secondary, which
Central of N. J
33
16%
110
40%
beget and foster such plagues. Science has done much Merchandise—
Cotton, Mid. Up., $ 5>..
12 3-16
11
11
14%
Wool, Am. XX. $ lb
33-39
already in this direction all over the world; and if we
41-50
32 40
50-52
Iron,Am. pig, No.l,$ ton 16 50-18 00
-18 00
22 0025 50-27 00
feel comparatively safe in New York and Boston and
Wheat, No.2spirng,$ bu
1 08-1 10%
1 28- 1 33
57- 1 10
1 27- 1 35
Corn, West, mix, $ bush.
52-57
45-50%
50-57
72-80
10 20-10 35
Philadelphia, it is because we have taken lessons from Pork, mess, bbi
13 00-13 10
16 30-16 45
20 95-21 00
the past and from the experience of
others, and because
BANK MOVEMENTS AND THE MONEY MARKET.
we have not
only called in the scientific expert, but car¬
The City bank statements, as
per Clearing House
ried out his suggestions. Even if it should be that some
returns, showed little variation worthy of notice between
....
.
of the cities of the South are less favored for
and that in New Orleans and its
situation,
the first and
....
..
last of the
month, except in the item of
neighborhood, and in the legal tenders, which decreased nearly $5,000,000,
leaving
Mississippi valley generally, because of the abounding the surplus reserve above 25
per cent of liabilities
swamps and bayous, fever naturally finds a home, it is
$16,907,775, against $11,791,425 in the last week off
not the less true that there is much which science could
do, which has
improvement.
been attempted, in the direction of
Further warning surely is not neces¬
not yet
August, 1877. In the money market, rates hardened
very little with the approach of the fall season, and on
call loans
the lowest
rates
of
kept up
throughout, the price being 1 to 2£ per cenf, according
to the collaterals
pledged. Commercial paper was a
trifle firmer, and an advance of
FINANCIAL REVIEW OF AUGUST.
to 1 per cent from the
lowest
rates
was
The past month was not attended
established, though prime 60 days’ paper
by any striking
sold
events in business circles.
readily at 4 per cent up to the close of the month.
The absence of many parties
BANK STATEMENTS
AUGUST.
from the city on their summer vacation, a reaction and
Aug. 3.
Aug. 10. Aug. 17. Aug. 24.
Aug. 31.
comparative dullness in stocks during the latter part of Loans
$
$
$
*
<$
and
summer
were
sary.
NEW YORK CITY
tbe
month, and the decline in one branch of Southern
trade by the ravages of yellow fever in the
Southwest,
were
calculated to make the markets less active than
■they might otherwise have been. The very active move¬
ment in breadstuffs, the railroad conference at Sara¬
toga, and the advance to 5 per cent in the Bank of
England rate, were among the most important events
having a direct bearing upon commercial affairs, internal
and foreign. A review of the month would be
quite
incomplete without reference to the great number of
bankruptcies throughout the country, hastened in antici¬
pation of the repeal of the bankrupt law, which took
effect on the first of September, but that the result of this
•clearing-out of weak concerns will be favorable to the
healthy course of business transactions in the future, can
hardly be doubted,
At the New York Stock
Exchange the volume of
basiness in August was as follows:
Governments,
$8,026,100; State bonds, $481,000; railroad bonds, $4,856,500; bank shares, 1,429; railroad and miscellaneous
•stocks, 3,416,053 shares ; against the following in July,
viz.: Governments, $12,258,550;
State bonds, $372,000;
railroad bonds, $6,152,600; bank
shares, 2,048; railroad
and miscellaneous stocks, 3,680,305 shares.
The following summary shows the condition of the
New York City 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 Sept, in each year, from 1875 to
1878, inclusive ;
IN
discounts...238,096,200 240,220.100 235,555,400 236,994,300 239.431,700
Specie
37,99',800 20,407,600 19,234,300 18,662,800 17,000 300
19,273,600 19,189 800 19.325,600 19,305,600 19,438,700
deposits
219,978,500 223,432.700 217.881,700 216,0,-8,500 216.164,100
Legrtl tenders
5^,610,100 56.286,500 55,479,400 55,059,800 53,948,500
Surplus reserve over253 21,606,275 20,835,925 20,242,525 19,700,475
16,907,775
Range of call loans.... 1 @2%
1 @2#
1 @2yt
1 @3
1*4©2
Rate of prime paper...
3 @4
3 @4
3 @1
4 @5
4 (g*5
Circulation
Net
FOREIGN TRADE
The
foreign trade
has been
close of
OF THE
UNITED
STATES.
movement for the whole country
reported by the Bureau of Statistics up to the
July. The statements are now given for the
month and for the
months of the calendar
year,
excess of exports over imports in
seven
since
January. The
July (specie and merchandise both included),
$9,986,508, against
was
of
$1,059,679 in July,
exports for the seven
months, from January 1 to July 31, 1878, was $166,545,348, against an excess of $60,525,254 in the same
period of 1877. The following is a summary of the
movement of both specie
and merchandise, all in
specie values:
1877.
The
total
an
excess
excess
of
EXPORTS AND IMPORTS OF THE UNITED STATES.
Merchandise-
Excess—imports..
July.
$47,685,442
37,061,568
$10,625,074
1878.
,
Seven Months.
$416,488,636
250,244,314
$166,244,293
Specie-
$1,317,411
$19,933,865
1,955,977
Excess—exports
Excess—imports..
19,632,810
]L877.
,
,
July.
$33,490,406
Seven Months.
40,906,477
297,284,221
$2*4*16,' oii
$4,483,584
1,007,814
$332,764,563
$35,480,842
$37,679,4^0
12,634,543
$301,055
$3,475,750
$25,044,912
$49,0' 3,8)3
39,017,345
$436,022,502
269,877,154
$12,973,970
$370,414,023
|Exce8S—exports.. [$9,985,598
Excess—imports,,
^$166,545,318
l$M59,67»
*638,566
Total Merchandise and Specie—
Exports
Imports......
.....
41,914,.91.
300,918,769
$60,525,254
July.
932
decidedly active business in government
bonds during August, and in the early part of the month,
particularly, the subscriptions to the new 4 per cent bonds
were very large.
The Secretary of the Treasury issued
calls for the redemption of 825,000,000 of the fivetwenties of 1865, and that amount may be taken as
measuring approximately the amount of subscriptions to
the 4 per cents. There was a movement of bonds at
times from London, and the amount thus sold for
foreign account was probably not less than 87,000,000*
Railroad bonds were strong, except for some of the
issues of those roads affected by the yellow fever scourge,
and for those prices were lower.
reg. coup.
107%
.
’65n. 1867.
1868. reg.
....
....
102#
1C8
....
102# 104*
107*
104%
K4%
..107* 107* 102# 104*
104*
6.
•
•
....
.
..
....
•
•
•
•
•
•
....
....
....
....
.
..
107*
104*
1C4*
104*
10254 1 05#
....
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
..107*
..107*
....
....
107*
107*
..
....
....
....
....
105
....
....
,
.
.
.
•
•
•
•
....
cou.
....
....
....
..
....
cur.
120#
•
107*
107*
..107* 107*
,
»•••
4
.
....
•
106* 103% 101%
109%
103%
109
10034
K6
IO334
100*
106#
108* 106
103* 104* 10C*
....
•
•
*
....
....
105*
••«
....
....
.
^
.
....
....
...
....
....
....
106
\
25
26
27
105#
105*
107% 107#
108
103#
...
.
103#
108
,.
102#
81
.
....
: 1C 6 54
.
,,,
120
120
10G# 103#
103# 101# 100*
105*
101#
120)
103# 104#
....
.
103# 102# 105* 108
Closing. 103
xt03% 101* 100# 119#
10654 103# 106# x 103* 104* 100# 120#
10i# 108* 106
CLOSING PRICES OP CONSOLS AND U. S. SECURITIES AT LONDON IN AUGUST.
Date.
Aug
tt
it
it
it
tt
it
it
it
it
it
it
.
it
tt
it
i i
1
2
3
4
5
6
7
8
9
10
11
Consols U.S.
for
5-20, 10-40 5s of New
1881. 4#e.
Money. 1S67.
94 13-16 107# HI# 108* 107
94 11-16 107
m* 108* 106%
94 11-16 107
HI* 108# 107
Date.
Aug. 20
“
“
“
s....
Ban kHo
106# 111
94*
94 13-16 106* 111
35
106# 111
94 15-16 106# 111
94 9-16 1C 6# 111
-
liday
10844 106V
108# 106*
108* 106*
107% 106*
107% 106*
S....
12 94#
13 91*
14
15
16
17
18
19
‘
94 11-16
94 13—1H
94 15-16
95 3-16
K5% no* 107*1106*
105% no* 107# 406*
106
no* 107# 106%
106* x8# 107* x 5*
106* 108
107* 105#
106* 108* 107# 105*
i-16 106# 108# 10754 105*
95
RAILROAD
AND
“
“
“
“
«
“
“
“
21
22
23
24
25
26
27
28
29
30
31
Open...
Highest
Lowest
Closing
15-16 106*
S....
94 ii-ic 106# 103
107* 105*
94 9-16 106* 103* 107* 105#
94 9-16 106* 103
’07* 105*
94 9-16 106* 108# 107* 105*
94 9-16 107
108* 107* 105#
94 9-16 107
108* 107* 105#
94 13-16 107* 111# 108* 107
95 3-16 107# 111# 108* 107
105% 108
94#
107* 105*
94 ,9-16 107
x 8# 107% x 5*
0>tH (
1 nr- lz \r\,7w
a d 1 h 97 1! 16 1HQ5,/ 1115/
t yt,
ul/6
T
5-16 105# 104* 103% 102*
03 1-5 ( Li 94
B 3-1
MISCELLANEOUS
STOCKS.
In the
early part of the month the active bear move¬
July was kept up, and the granger stocks were
further depressed until they reached the lowest of the
year, except for Northwest preferred, which sold lower in
February. After this movement had expended itself,
the market became comparatively dull, and there was
no general influence
affecting values until the conference
of railroad managers at Saratoga. The latter meeting
was one of the most important held in late years, and a
policy of combination to secure paying rates and har¬
monious working, with a fair division of business, was
universally agreed to, which was accepted in the stock
market as a good indication for profitable business in
*67
18#
3454
11#
11*
26*
139
8254
26*
*2654
139* + 140
63
83*
5#
5
66#
56*
62*
69
3
63
2#
63*
2#
86*
82*
8454
81#
100
100
....
....
....
4*
....
.
.
1#
66
15
1#
61*
13*
62
14
17%
15
16*
20
20
20
27%
25*
63
61
95*
87#
25
10
152
25*
63
92
25
10
155
10
155
Ontario Silver
3354
13
33#
103#
47’#
x38*
39# x38
13
13
13*
32
31#
33%
1C5# 10354 10354
46#
46#
47%
4754
94#
48#
91#
•
Mining.
Price bid.
57*
59%
76
80
•
•
•
The
following table will show the opening, highest,
lowest and closing prices of railway and miscellaneous
stocks at the New York Stock Exchange daring the
months of July and August:
8#
13*
•
•
•
•
.
.
.
.
•
•
•
....
4 54
46%
x90!4 x92*
54#
5354
76
76*
127
1
....
107#
111*:
15654 *158
7*
7%
13%
tl
.
.
.
.
125# +126
95#9454
*85
2#
64*
14*
18%
15%
20
27
63
94
19
26
63
....
*1
*4#
.
84#
....
....
....
....
155
O
St
39#
x33*
1354
12
30
35
106
50
.
.
92*
*25#.
....
•
•
»
....
•
•
•
•
39
*12
*30
10254 +1C6
46
49%
91
44
90
54#
47*
74*
69#
48#
*92
.
13
+20
*26
*63
•
%
*
1#
38*
*12#
54*
,
.
....
1%
61*
12*
*1
103#
»
2#
65*
15*
**
+46*
46*
•
20
155
*:i0
•
9:
2
5
4
20
16#
*19*
♦25#
2#
*72
•
97
2
6
4
27
....
*154
*
....
....
*1
*5
•
126#
95#
92
152
%
112
159
*25#
*9*
Pennsylvania Coal
Mariposa L.& M
do
prf
%
1#
62
14
25
10
*
95#
....
.
.
4
....
4
3#
1%
*i#
....
....
139
*80#
83#
-
100
.
80#
....
9554
84*
.
84#
14
126
94#
8454
.
69
156#
7*
126
2554
133
x79
.
13#
35#
59
2
156*
7*
1
11
254
84#
154
1
128
14*
29*
53
*65#
14*.
70*
156%
8*
1
.
*3*
6454
N.r. N. Haven & Hart. 155
Ohio «fe Mississippi
7*
13#
84#
5#
.
.
64%
117%,
*27#
+81
3#
61%
.
65*
34*
65%,
109
14
1
130
96
111
23
79
.
36
139
28
59%
108*
1354
.
109}£.
67
108#
pref.
80
101
3254
62*
18*
34#
14*
+5
63
110
7
.
127
1#
*43
♦90
50
*71
+ Price asked.
AND
EXCHANGE.
The
i
gold market was quiet on a moderate fluctuation,,
the range of the month being 100^ to 100J.
Silver
declined further in London to 52£d. per oz., and the
International Silver Conference at Paris adjourned
without adopting any definite measures looking to the
establishment of a fixed standard of exchange between
Foreign exchange advanced quite
gold and silver.
sharply here on the advance to 5 per cent in the Bank of
England rate, which was made August 12, and a lim¬
ited amount of gold coin was exported. The rates soon
fell off, however, and at the close of the month rates on
actual business were fully a half point lower than ban kers’ asking prices.
r
COURSE OP GOLD IN
AUGUST,
ment of
the future.
.
18*
6#
GOLD
108# 107* 105*
105#
105*
105#
58*
126
*
106* 108# 107% 105%
13-16 10654 108# 107#
11-16 106* 108
10754
11-16 106# 103
107*
58#
126
1
Consols U.S.
for
5-20, 10-40 5s of New
1831. 4#s.
Money. 1867.
94
95
94
94
94
4#
28#
81*
4%
81
12754
1*
do
pref
Adams Express
American Express
United States Express.
Wells Fargo Express...
Del. & Hud. Canal
Pullman Palace
so
69
35
.33%.
28
65
72#
36*
117*
83*
New Jersey.
127#
New Jersey Southern...
1
N.Y. Cent. & Hud. Riv. 108*
Quicksilver
...
69
36
69
15#
87
....
120
65
+82
+25
112# x!08#
112#
*24%
4
5S#
85
104
36#
80#
3*
55%
38*
72
30
11
28
3
28
18*
14t#
64*
25
80
24
32
80
101
81
35
11%
....
c
Lowest.. 107# 107# 102# 101# 1U8
(9
Maryland Coal
m
108
105#
Ju6#
103#
103 xlO'5% !0.9#xl06# 101# 101# 100* 120#
Openingl07% 107# 10254 105
106* 109 V 106# 101* 105
100# 120*
103# 102# 10554 108
Highest. 108
....
65
.
81
*25
38*
82#
83*
10354 *103*
112# 11154
35*
35*
25
79
27
3%
58*
119%
%
1"2
August.—,
Aug. 1 High. Low. Aug 31.
3S
114* 106#
54%
34*
72
84*
70*
33
52*
36*
66
79#
6S*
117* xlll* xl!2*
S3*
4*
61%
120
120
120
120#
12'*
120#
•
103*
79
Panama
Pitts. F.W.&Chic., gua 91#
do
do
special 84#
Rensselaer & Saratoga. 100
St. L. Alton & T. II
St.L. Iron Mt. & South
St. Louis Kans. C. & N
4*
do
do
pref ....
St. L. & San Francisco. ' 1*
Union Pacific
66
Wabash
1454
miscellaneous.
Pacific Mail
16*
American District Tel.. - 20Atlantic & Pacific Tel.. 27
Gold & Stk. Telegraph. 61
Western Union Tel
87#
;
25
Consol. Coal
....
....
105#
108
105#
.
pref.
Pacific of Mo
....
....
76#
do
....
...
....
34
85
Mo. Kausas & Texas...
Morris & Essex
..
..107* 107* 102* 105*
•••'
..107% 107*
45#
85#
56#
102
106#
51*
81%
47*
73#
116
25#
Erie
15#
do pref
31
Hannibal & St. Joseph.
It*
do
do
pref. 27#
Harlem
140
Illinois Central.
84*
Kansas Pacific
6#
Lake Shore & Mich.So. 56*
6s.
,
....
....
....
2t#
Dubuque & Sioux City.
....
....
24*
Cleve. Col. Cm & Ind..
Cleve & Pittsburg, guar
Columb. Chic. & iud. C
Del. Lack. & Western..
106# 109* 1C6# 103*
100% 120
106* 103* 104% 100%
120
1C9* 106*
104%
106#
106# 103% 105
....
30#
do
106
104*
105* 103* 104* 100* 120#
.
28
Chicago & Rock Island
....
106#xl03*
....
Bur. C. RaD. & North..
Central of New Jersey.
Chicago Mil. & St. Paul
do
do
pref.
Chicago & Northwest..
S
11.
82#
Michigan Central
....
108
84
pref..
Chic. Burl. & Quincy..
ICO# 120#
....
8254
do
104#
103* 106*
104*
109* 1C6# 104* 104*
109* 106# 104% 104%
105#
105# 104% 101*
106*
....
....
....
coup.
....
....
9.
10.
reg.
xl06% 109%xl06%
10654 100# 106# r.
106#
..
107# 107% 102% 103
3
4.
5.
coup. coup,
Albany & Susquehanna
Clos.
84
Chicago & Alton
AUGUST, IS78.
r-Gs,188l-% -5-20s, Coupon—, ,—10-40s—, 5s,’SI. ,—4548,'’91—, 4s,
Aug.
Railroad Stocks, Open. Hierh. Low.
was a
CLOSING PRICES OP GO7BRN3IENT SECURITIES IN
241
RANGE OP STOCKS IN JULY AND AUGUST.
SECURITIES.
INVESTMENT
There
CHRONICLE
THE
1878.]
September 7,
1878.
M
B
feJC
b
Date.
'3
a>
a
a>
Ss
Q
£>
Date.
B
u
1 100# 10054 100# 100#
2 100# IOC* 100 J4 100#
.
3 100# 100*4 100# 100#
4
5 100# 100# 1100# 100#
6 100% 00# 1100# 100#
Wednesday... 7 100# 100# 100# 100*
Thursday
8 100# 100# 10054 100*
Friday
9 100# 100# 10054 100*
Saturday
10 100# 100* 100# 100*
Sunday
11 .. ..
12 100# 100# 100# 100*
Monday
Tuesday
...13 100# 10054 100# 100*
Wednesday... 14 100* 100* 100# 100*
Thursday... .15 100# 100# 100* 100#
16 100# 100* 100* 100*
Friday..
Saturday
..17 100# 100# 100# 100*
Sunday
18
Monday
19 100* 166# 166# ioo*
Tuesday
20 ICO# 10954 100# 100*
Wednesday...21 100* 100# 100# 100#
Tharsday
22 10054 10054 100# 10U#
....
.,
Friday
Saturday
Sunday
to
Q,
o
m
o
O
Thursday
Friday
Saturday
Sunday
Monday
Tuesday
ja
Monday
Tuesday
5
100* 100* io;># 10054
100* 100# 100# 100*
100* 100* 100* 100*
100* 100* 100* 100#
1878... 100# 100* 100* 100#
104
Aug.,
r‘
1877...
1876...
1875...
1874...
105#
111#
112#
109#
1873... 115*
1872... 115#
“
“
“
“
“
“
*1871... 112#
“
1870... 1*0%
1869.
136*
1868... 145#
“
“
103% 105#
109# 112# 110
112*
114*1114#
139* 110# ,109#
114# 116* 1115#
112* 115# 112*
112%
in# 113
114* 122 117
131# 136# 133#
143* 150 144#
1867... 139% 139% 142# 141*
1866... 149
146* 152# 147#
“
“
“
®
o
26 100# 100* 100# 100#
27 100* 100* 100# 100#
Wednesday. ..28
Thursday ....29
Friday
30
Saturday
31
“
.a
'
1865... 144# 140* 145* 144*
3864... 255
231* 261* 238
“
1863... 129* 122# 129* 127#
23 100*! 100* 100# 100#
“
1862... 115# 112# 116* 115#
*24 IOO54 ICO# 100* 100#
Since Jan. 1, ’78. 102% 100# :02% 100#
251.. ..'
242
60
THE
BANKERS’ STERLING EXCHANGE FOR
AUGUST, 1878.
3 days.
60 davs.
days.
Aug. 1..4.81\@4,82#
2.. 4.82* @4.83
44
3..4.82H@4.83
“
4.85
44
4
4.87 @4.8714
4.87 *@4.87#
4.87 @4.67Ka
4.87 @4.8734
10..4.83*@4.84
44
11
S
1 2..4.8334@4.8434
44
4.8734@4.88
4.89
16..4.84J4@4.85
4.89
@4.8934
@4.8934
3
days.
4.89 @4.8934
a
jg
44
19!.*4.8434@4.85 * 4*.89*'@418934
14
44
44
44
44
44
44
44
4.87&@4.88^
4.88#@4.89
4.89 @4.89#
13..4.84^@4.85
14. 4.84#@4.85
15..4.84#@4.85
Range
Aug.l7..4.84#@4.85
,
7..4.62&@4.83#
.4.82^@4.8otf
9..4.82X@4.83!4
44
44
s
8
44
44
4.85>tf@4.80#
6..4.82&@4.S314
44
44
44
4.85*®4.864
5.‘’4.82^@4.83J4* 4*.86^@4!87*‘
“
44
44
@4.86
CHRONICLE
“
44
44
44
g
20..4.8434@4.85
4.89
22..4.8354@4.8434
4.88*@4.89
4.8834@4.89
4.8734@4.88
21..4 8334 oA.8434
23..4.83
@4.8334
24..4.82#@4.83#
25
..
S
,.
@4.89^
——s
$
4.87#@4.88
29..4.83)4@4.84
30..4.8334@4.84
4.87 $£@4.8814
..4.81#@4.85
4.85
@4.8934
•
•
•
•
•
•
•
.
Al’xdria,Va.
1,236
....
....
....
....
...
....
2,638
1,356
Baltimore
....
.
.
.
1,260
3,859
65,459
62,426
650
650
94,690
46,723
1,044,368
....
....
.
.
.
...
....
.
.
.
.
....
....
.
.
.
.
....
Philadelphia..
296 Plymouth, Ms
389,872
38,305 1,781 Portland, Me..
191,071
Po’moutb, Nil
6,816
Providence,RI
.
.
Chicago, Ill.
28,307
7,541
4,836
1,206
73,830
Delaware,
Detroit, M’h
Duluth, Min
Dunkirk NY
Genesee.NY
•
•
•
•
....
.
.
•
•
July&A.,’61
March 3, ’63
March 3, ’64
5s, 10-40’s
6s, 5-20s of 1865, new. March 3, ’65
March 3, ’65
6s, 5-20s of 1867..
6s,' 5-20s of 1868
March 3, ’65
5s, Funded Loan, 1881 July 14,’70
do.
1891 July 14, ’70
4#s,
4s,
do.
1907 July 14, ’70
.
.
The
$
.
When Pay ble
1874
1880
1-81
1881
1881
1904
18»5
1887
1888
1881
1891
19u7
J.
J.
J.
J.
J.
M.
J.
J.
J.
.
sizes or
26,0i9
27,460,306 806475
4,522 26,795
30,580
373,125
69,736
190
50,943
230,175
150,283
6,400
1,405
2,289
5,763
54,470 l 95,208
493
18,228
2,334
51,227
3; 853
124.517
73
68
Q.—F.
Q.-M.
Q.-J.
i
.
.
..
....
•
•
•
51,167
•
•
b
c
d
d
d
d
d
d
d
.
62,070
123,158,350
54,663.301)
144,2t-0,800
48,447,300
108,815,400
16,041,000
239,689,800
157,377,750
93,130,300
•
••
1,009,794,000
..
Debt
There is
on
a
in Lawful
11,263
18,852
•
20,336,700
50,285,500
43.345,800
201,708 700
21,424^300
268,750,550
92,622,250
43,719,700
$898,816,500
Money.
Principal, i Interest
Which Interest Has Ceased Since
Maturity.
yet outstanding, which has never
presented for payment, of $11,973,650 principal and $377,721 interest. Of
this amount, $11,229,450 are on the “called” five-twenties.
been
Debt Bearing no Interest.
Authorizing
Character of Issue.
Acts.
Issues.
Amount.
Prior to 1869.
Series of 1869
Series of 1874
Series of 1875
Series of 1878
$18,615,823
Total.
Old demand notes....
July 17, ’61 )
-j
7,876
Legal-tender notes...
$62,240
Feb. 12, ’62
Feb. 25, ’62
July 11, ’62-
j
Mar.
Certificates of deposit.. June
3, ’63
13*!,486,231
35,876,762
138,864,978
14,837,222
8, ’72..
First
July 17,’62
•
Fractional currency
Mar.
3, ’63 -j
June 30, ’64 j
Coin certificates..
’63.^
Mar.
Feb.
Silver certificates.
3,
28,’78..
4,23S,105
3,111,864
3,015,257
3,965,031
1,971,469
Second
Third.
Fourth
Fifth
’
•
346,681,016
49,460,000
16,351,728
38,016,400
6,001,450
•••••••«••••«•
....
.
61,163,000
-
total amount of over-due debt
3,051
....
....
4,485,000
945,000
i.
....
....
$
13,930,000
3s, Navy pension, Act July 23,’68, Int. appl’donly to pens’ns
$14,000,000! $70,000
•
2,095,974 2,685,200
•
$260,000
a
Coupon.
are
Bearing Interest
"
t
Registered.
«3
& J.
& J.
& J.
& J.
& J.
& S.*
& J.
& J.
& J.
Outstanding.
$17,978,530.
Debt
24,341.8i6
.
Bonds
paid annually in March.
denominations of each issue of bonds are as follows:
(a)
....
•
In Coin.
I
480,130 1,003,5SO
as
at the close of
#1,000, registered $5,000. (b) coupon $1,000, registered $1,000, $5,000, Coupon,
$10,000,
(c) $50, $100 and $500. (d) coupon, $50, $100, $500 and
$1,000, registered, same
and also $5,000 and $10,000.
On the above issues of bonds there is a total of
$9,455,987 of interest over-due
and not yet called for. The total current accrued interest to
date is
....
....
.
-
Coupons of $50 and $100 bonds
....
•
2,162
5,674
•
•
6s of 1881
6s of 1881
....
....
F. Riv. Mass
Fernandina.
F. Bay, Me.
Galvest’n, T
»
•
ds, Oregon War
*
For’n
1,027
6,309
155,867 3,021 Pt. Sound, WT
1,760
35,416
2,345 10,826 Richmond, Va
2,498
513^964
Saco, Me
S. Harbor, NY
Salem, Mass..
1,053
12,512
Saluria, Tex..
2,844
58,718 2,398
240
San Diego, Cal
2,710
486
Sandusky, O.
1,667
4,062
30,645
S.Francisco,C 3,918,990 1,555,179 84,917
20
Savannah, Ga
39,766
1,078 24,725 S. Oregon, Or
43,978
St.Aug’tine.F
St.John's, F..
79
2,207
3,554
St.Mark’s, F..
552
5,700
3,824
St.Mary’e, Ga
5,900
105
•
.
June 14, ’58
Feb.
8i ’61
March 2, ’61
...
1,438
EastDist,Md
Edgart’n,Ms
Erie, Pa....
Fairfield, Ct
.
5s of 1858
6s of 1881
public debt
,
.
—
....
rts.
$
13,150
Newark, NJ..
Bedford, Ms
....
.
$
11,395
933,933 4,013,547 14,455 Nburyport, Me
7,487
Nw Haven, Ct
15,930
N London, Ct
Bath. Me.
S,273
N Orleans, La
5,101
Newport, R.I.
39,336
New York,NY
158
•i
Niagara, N.Y.
*
Boston, Ms. 3,498,104 4,161,625
Norfolk, Va..
47,373
86,534 70,240 Oregon, Or...
386
3,345
O’gatchie, NY
Oswego, NY..
61,899
Pamlico, NC..
145,339
14,974 2,106 P del Norte, T
P’quoddy, Me
CVinc’t.NV'
26,224
P. River, Miss
18,719
Castine, Me.
8
885
Pensacola, F..
188,571 159,254 2,290 P. Amboy, NJ.
51,267
2,758
Petersburg,Va
...
,
Mobile, Ala...
Montana,&c..
Nantucket,Ms
Natchez, Miss
N
...
Expo
Imports* Domestic
of the
Interest
q3
Periods. N
Act.
4.8734@4.8834
31..4.83#@4.84
bearing interest
Auth’rizing
Character of Issue.
4.87#@4.88#
4.873£@4.S8#
statement
from the books and Treasurer’s returns
business on the last day of August, 1878:
Debt
27..4.82%@4.8334
28..4.8334@4.84
Customs
Districts.
$
•
following i3 the official
AUGUST, .1878.
appears
Aggregate of debt bearing interest in coin
t—Expo rts.
Imports Dom’tic
For’n
$
The
4.87#@4.88
IMPORTS AND EXPORTS FOR
JULY,\ 1878.
Statement, by Customs Districts, showing the values of mer'
chandise imported into, and
exported from, the United States
during the month of July, 1878:
....
THE DEBT STATEMENT FOR
26.'.4.82X@4.*8334 4!8734@4'.88 ‘
..
Customs
Districts.
[VOL. XXVII,
Aggregate of debt bearing no interest.
$456,572,834
Unclaimeainterest
8,677
....
2,163
....
Becapitnlatlon.
....
....
919
GtEHar, NJ
Huron, Mich
.
•
•
32,318
•
•
•
.
,
Mar’head, M
.
.
.
.
....
....
...
....
....
•
•
•
•
•
•
2,964
17,127
•
104,378
....
....
.
....
60,020
Debt bearing Interest
Bonds at 6 per cent
Bonds at 5 per cent
Bonds at 4# per cent
Bonds at 4 per cent
.
....
....
following
are
^mports...#37,061,368
3i6
....
Yorktown, Va
264,812
81,549
800
44.972
82,643
209,693
2,028
955
...
....
the totals for the month of July :
exp’ts.$l,295,312
of the imports and
exports of the
United States for the month ended
July 31, 1878, and for the
seven months ended the same,
compared with like data for
the corresponding periods of the year
immediately preceding:
of
Mei'chandise.
Exports—Domestic
Foreign
.
Total
Month
of
7 Mos.
ended
July.
July 31.
July.
July 31.
$46,341,130 $403,029,169 $37,600,^09 $326,130,291
1,295,312
8,459,168
890,397
6,634,272
Excess of exports over imports
$10,625,074
Excess of imports over exports
Gold & Silver {coin & bullion).
Exports—Domestic
Foreign
'
Total
2,416,071
$544,882 $15,066,409
772,529
4,867,456
Excess of exports over imports
Excess of imports over exports
Total Merchandise and Specie.
Exports-Domestic
Foreign
Total
Imports
Excess of exports over imports
Excess of imports over exports
$638,566
$301,055
250,000,000
141,850,000
Int.
has ceased since
$1,818,670,500
$27,434,518
$14,030,000
$70,000
377,721
Maturity.
11,973,650
$346,743,256
49,460,000
16,351,728
44,017,850
$456,572,834
Unclaimed interest
8,677
Total
Total debt, principal and interest, to date,
not
presented for payment
Amount
in the
$2,301,216,984j
including interest due
Treasury—
.
Currency
Currency held for the redemption of fractional currency
Special deposit held for redemption of certificates or deposit
as provided bylaw
Total.
$3,475,750
12,634,548
$25,044,912
$49,003,853 $436,422,502 $42,973,970 $3'0,444,023
39,017,345 269,877,154
41,914,291 309,918,769
$1,059,679 $60,525,254
2,122,171
10,000,000
49,460,000
2,029,105,020
2,035,580,524
Decrease of debt during the past month.
Decrease of debt since June 30,1878.
$6,475,504
6,681,811
Companies, Interest
Payable in lawful Money.
Character of Issue.
$4,483,564 $37,679,460
1,C07,814
238,420,709
#300,002,381
Debt, less amount in the Treasury, September 1, 1878.
Debt, less amount in the Treasury, August 1, 1878
Bonds Issued to the Pacific Railroad
$4,197,923 $29,094,126
285,641
8,585,334
$27,890,917
! 2,329,107,901
$35,480,342
$46,936,012 $423,095,578 $41,797,932 $355,224,417
2,067,811
13,326,924
1,176,038
15,219,606
$9,986,508 $166,545,348
703,266,650
...
$166,244,293
$1,317,411 $19,933,865
1,955,977
1 9,632,810
Imports
,
-1877.-
$47,686,442 $416,488,637 $33,490,406 $332,764,563
37,061,368 250,244,344
40,906,477 297,284,221
Imports
,
ended
$723,553,850
Debt bearing no Interest—
Old demand and legal tender notes
Certificates of deposit
Fractional currency.
Certificates of gold deposited
Coin
Collected to August 30, 1878,
-1878.—
Month.
7 Mos.
on which
Interest.
Coin—
Total debt bearing no interest.
Comparative statement
values.—
in
Total debt bearing interest in coin
Debt bearing Interest in Lawful Money—
Navy pension fund at 3 per cent
Debt
...
I Domestic exports.#46,612,854 J
Foreign
Specie value of domestic exports, #46,391,130.
specie
Outstanding.
.
150,376.
The
Amount
.
..
752
896
Miami, Ohio
*
.
Stonington Ct
722,844 49,922 Superior,Mich
Tap’nock, Va
103,336
Teche, La.
Vermont, Vt.
180
5 Vicksb’g Miss
Wal’boro, Me
414,646
Willamette,0.
Wilm’ton, NC
Wiscasset, Me
York, Me....
.
37,659
Mic’gan, Mh
M’town, Ct.
Milwauk, W
Min’sota, M.
.
....
•
Central Pacific
Kansas Pacific
Union Pacific
Central Branch, Union Pacific..
Western Pacific
Sioux City and Pacific
Total
Interest
Interest
Amount
paid by
Outstand’g.
United St’s
repaid by
tr’nsp’t’n.
Balance of
Int. paid
by U. S.
$25,885,120 $15,687,019 $2,423,691 $13,263,328
6,303,000
27,236,512
1,600,000
1,170,560
1,628,320
4,238,433
16,786,896
1,069,808
1,077,080
975,801
1,578,544
6,081,134
69,743
9,367
79,264
2,659,888
10,705,762
1,000,059
1,067,713
896,537
$64,623,512 $39,835,039 10,241,749 $29,593,290
The Pacific Railroad bonds are all issued under the acts of
July 1,1862, and
July 2,1864; they are registered bonds in the denominations of $1,000, $5,000
and $10,000; bear 6 per cent interest in
currency, payable January 1 and July 1,
and mature 30 years from their date.
September 7,
THE CHRONICLE.
1878.]
The following is a comparison of the condition
September 1, 1877, and September 1,1878:
Balances.
of the
Treasury
1877.
1878.
Currency
$11,828,587
Special fund for the redemption of fractional
$2,122,171
8,265,412
10,000,000
currency
Special deposit of legal tenders for redemp-^
tion of certificates of deposit
50,430,000
Coin
Coin and silver certificates
Coin, less coin and silver certificates
68,379,536
Outstanding called bonds
Other
49,460,000
238.420,709
44,017,850
194,402,859
106,904,936
33,525,400
11,229,450
9,978,922
18,579,450
outstanding coin liabilities
9,113,079
Outstanding legal tenders
Outstanding fractional currency
34,646,201
346,681,016
16,351.728
39,366,946
2,055,469.779
2,029,105,020
3,869,538
4,638,443
104
461,682 516
6,475 504
433.206,423
601,182,298
704,026,486
357,976,164
*
19,172,114
Outstanding silver coin
Total debt, less cash in Treasury
Reduction of debt for Aug.
Reduction of debt since July 1
Market value of gold
Imports (12 months ending July 31)
Exports (12 months ending July 31)
6,681,811
100
Iptunctsmjf (Ctfmmrrcial English 2Xc\us
BATES OP EXCHANGE AT LONDON AND ON LONDON
AT I«ATBST DATES.
EXCHANGE AT LONDONAUGUST 23.
EXCHANGE ON LONDON.
LATEST
ON—
Paris...
Berlin.
TIMS.
RATS.
DATE.
TIME.
short.
25.2iva25.31*
@20.72
20.68 @20.72
20.68 @20.72
25-4734@25.52J4
12.2* @12.3*
11.86*@!1.90
27.80 @27.85
27.80 @27.85
Au®. 23.
short.
21
Aug. 16.
Aug. 23.
(S
Hamburg
Frankfort
CL
....
(1
Antwerp
Amsterdam.
CL
..
14
Vienna
Genoa.
It
4 C
Naples..
St. Petersburg:.
Madrid
Cadiz
Lisbon
Alexandria!...
New York....
Bombay
Hong: Kong:.
Shanghai
CC
44
-
•
9-16@241-16
47*@47*
47*@47%
CL
90 days.
51?,@52
CC
3 mos.
short.
CC
•
•
LC
C 4
LL
4C
4 L
3 mos.
LC
short.
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Is. 7%<f.
Is.
7%d.
•
•
25.24
20.46
20.46
20.46
25.25
12.05
115.60
27.10
•
44
•
**••••
Aug. 22.
•
3 mos.
*
Aug. 23t
•
•
•
Aug 21.
60 days.
44
Calcutta
4C
20.68
CL
RATE.
•
*
25 11-32
.
.
•
3 mos.
60 days.
6
Aug. 20.
44
mos.
44
C4
44
•
•
fair, degree of cautious activity. No
tends to rise in
price; while the state of political affairs is not such as to
encourage merchants. The Turks are slow to carry into effect
the Treaty of Berlin : while the Turkish Government hesitates
to relinquish Batoum, the Russians decline to leave the environs
of Constantinople, and the result is that the British fleet remains
in the Sea of Marmora. Probably, however, only patience is
necessary, for in all cases in which no party has been satisfied
dilatoriness in carrying out any specified arrangments is the
usual result. As far as this country is concerned, only persever¬
ance in the policy which has been inaugurated can lead to success,
but it will be a progressive work, and require time; but without
perseverance and, when occasion demands it, firmness, failure
will be certain.
It seems almost clear that, before very long,
England and Russia will have to understand each other better
than they do now. As far as Europe and Asia Minor are con¬
cerned, we are supposed, under the Anglo-Turkish Convention, to
have arrived at something definite; but a fresh trouble has
recently arisen in Afghanistan, the Ameer of Cabul having
received a Russian mission with distinguished honors. No such
honors have been accorded to the British Government; but a
mission is on the point of being dispatched, and the manner in
which it will be received is awaited with more than usual anxiety.
There are, therefore, many reasons for disbelieving in any rapid
improvement in trade, but an increase is, nevertheless, regarded as
certain.
The following are the present quotations for money:
a
Per cent.
Bank rate
Open-market rates:
30 and 60 days' bills
] Open-market rates:
|
4 months'bank bills
I 6 months* bank bills
&
-
4}4'a>4% ]
4% @4%
3 months'bills
The rates of interest allowed
count houses remain as
!
Per cent.
4%@4%
4%@4%
4 and 6 months' trade bills. 5 @6
4.fc4
8ytd.
Is. 8%d.
3s. 10 d.
5s. 2 %d.
by the joint-stock banks and dis¬
under:
Per cent.
4
4
•
96%
Is.
completed, there will be
brilliant trade is looked forward to, for money
•
48*20
•
243
Joint-stock banks
Discount houses at call
Discount bouses with 7 days* notice
Disconnt houses with 14 days' notice
4*
4*
showing the present position of the
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’s Mule twist—fair second quality, and
the Bankers’ Clearing House return, compared with the four
Annexed is
a
statement
Bank of
LFrom our own correspondent.]
London, Saturday, Aug. 24, 1878.
The demand for money
during the week has been remarkably previous years:
1875.
1876.
1877.
1S74.
1878.
quiet; but the banks and discount houses are still unwilling lend*
£
£
£
£
Circulation, including
£
bank post bills
ers, and the general rate for money has been 4£ to 4£ per cent.
26,732,523 28,300,027 28,611,335 28.531,103 27,779,482
Public
4,098,426
5,305,036
4,295,440
3,055,349
4,334,775
Bills continue to be taken on French account at about 4| per Other deposits
deposits
19,521,232 25,238,527 28,252,255 22,771,398 20,462,427
cent, bat the Bank rate remains at 5 per cent. The Bank return Government securities. 13,594,013 13,456,952 12,239,133 14,990,554 14,867,178
Other securities
16,830,097 17,769,676 15,945,430 18,196,144 17,696,911
published this week is more satisfactory, the proportion of reserve Reserve of notes and
coin
9,274,512
11,745,244 16,399,635 20,672,917 12,119,949
to liabilities being 39 per cent—an improvement of about 3 per
Coin and bullion in
both departments
cent compared with last week.
23,078,119 29,327,905 33,894,732 25,323,159 21,738,957
The improvement, however, has
Proportion cf reserve
not been in the direction wished for, viz., in the sHpply of bullion
4424
6990
38*91
to liabilities
2 p. c.
2 p. c.
2 p. c.
Bank-rate
3 p. c.
Sd.c.
the increase under that bead being only £55,738.
The five per cent Consols
94%
96%
94*
92%
94*
45s. 5d.
53s. Od.
64s. 9d.
44s. 2d.
rate has, however, checked the export demand for gold.
wheat,av. price 57s. 2d.
Another English
6d.
Mid. Upland cotton.
7 l-16d.
6*d.
8%d.
result has also been attained, our market having been relieved of No. 40's mule twist,fair
lid.
2d quality
Is. 0%d.
10%d.
10%d.
6%d.
a large amount of
.
paper, which has had a marked effect upon our Clearing
House return. 80,245,000 80,602,COO 81,519,i00 84,046,000 110,361,000
discount market. It is clear, nevertheless, that we owe Paris a
Annexed are the current rates of discount at the principal
considerable sum of money, and should the time come when the
foreign markets :
Paris market is dearer than it is at present, the effect here will be
Bank Open
Bank Open
rate. mark't.
rate. mark’t.
very considerable, unless, indeed, our export trade improve to
p. c.
p. c.
p. c.
p. c.
Vienna and Trieste...
such an extent as to exert a legitimate and permanent influence Pans
2
4% 4%
1%
Brussels
Madrid,Cadiz and Bar3% 3%
on the exchanges.
6
The improvement in this week’s Bank return Amsterdam
celona...%
6@7
3% 3%,
6
Lisbon and Oporto....
4
6@7
2%
is due, then, not to an actual increase of resources, but to a falling Berlin
St. Petersburg
6
5
4
2%
Hamburg
off in the liabilities of the establishment, which have been dimin¬ Frankfort
New York
4
3@4
2%
4
Calcutta
4
2%
ished by about £1,000,000. The total banking reserve now Leipzig....
5
Genoa....
4@4% 4@4%
4%
Copenhagen.
4
3%
amounts to £9,274,542, against £13,119,949 last year; while the Geneva
The report of the directors of the California Bank, limited#
supply of bullion in both departments is £21,738,957, against
£25,323,159. The position is by no means a strong one, and the states that the gross profits for the year ended June 30 amounted
impression is very general that present quotations will be well to £66,845, and the net profits to £37,829, including £1,791 brought
maintained.
forward.
An interim dividend of 10s. per share was paid last
The uncertain state of the money market, or, more correctly, March, and it is now proposed to pay an additional 8s. per share,
the more certain belief that the period of cheap money has termi¬ making 9 per cent for the year. £4,000 will be added to the
nated, has checked the introduction of new companies, more reserve, and £1,188 will be carried forward.
The printing and publishing trade has lately become involved
especially as the success of those recently advertised has been
doubtful. The demandj for money for financial purposes has, in in difficulty. The old-established firm of Virtue & Co., limited,
consequence, been very moderate.
As regards trade, there has, has held a meeting of creditors this week, at which it was stated
perhaps, been a somewhat better demand, notwithstanding that that the liabilities were over £171,000. The assets of the firm
the total of “ other securities” in this week’s Bank return shows are difficult to estimate, as they consist of magazine and book
a redaction of £1,263,508.
It must be borne in mind that the copyrights, old engraved plates, &c.; but they are said to be
expression ** other securities” is very vague. The item includes considerable. The publishing firm of Daldy, Isbister & Co.,
both loans and discounts, and it is more than probable that the being an offshoot of Virtue & Co., is involved in the stoppage,
falling off this week is dne to repayments of the former. There and the bills of Messrs. Tinsley Brothers have also been returned.
is some evidence that trade, though far from brisk, is more satis¬
The public sales of Colonial wool were commenced on Tuesday.
factory than it was, and probably when the holiday season is 1 Although French buyers operate with much reserve, the demand
...
-
.
.
.
.
•
244
THE CHRONICLE
.r
-
[VoL XXVII.
■
^■■1
■
■
lias
been
active, waslied and scoured Australian combing and
quality having advanced Id. and Cape wool \ to Id. per
lb., compared with last sales. The arrivals amount to 313,112
bales, and 43,000 bales are estimated to have been held over from
150
merino
last sales.
bales
Of those
quantities, 7,000 bales Australian
Cape have been forwarded direct
Yorkshire.
Business
and
2,012,661 quarters; and it is computed that in the
whole King *
they have been 7,762,700 quarters,
against 8,050,700
quarters in the corresponding period of last
season.
Without
reckoning the supplies of wheat in granary at the
commence¬
ment of each season, it is estimated
that the
dom
8,000
to the Continent and
wheat and flour have been
since harvest :
of
the Stock
Exchange has been very quiet, and but
importance are recorded. The principal
feature has been a demand for
Egyptian Government securities,
which are decidedly higher in
price. Mr. Rivers Wilson’s report
is said to be
satisfactory. It is stated that the Khedive has
lew
principal markets have been 1,940,657
quarters, against
on
movements
Sales of
consented to restore half the
property he has acquired of late
years, and also £2,000,000 of money; but the committee holds
out, and it is said that he will be compelled to
give up to his
creditors the whole of his illicit
gajns. Nubar Pasha has
to him that
harmony
on
cwt.
Imports of wheat
Imports of flour
home-grown produce
94,793,111'
Result.....
Aver, price of Ens. wheat for
93,116,133
now
following results:
Extent of Land In Great Britain Planted.
1877.
1878.
1878
18TS.
1877.
1878 over 1876.
Wheat... Acres.2,995,957 3,168,540
3,218,579 *50,039 or 1'6 £ *222,022 or 7*4 f>
Barley
..2,533,109 2,417,588 2,4o9.694 *52.106 or 2'2 %
+63,415 or 25 %
-Oats
2,796.430 2,754,179 2,099,077 +75,102 or 2*0 %
+99,353 or 3'6 %
Potatoes
5i2,719
512.471
+4.020 or 0*8 £
506,451
*5,732 or 1*1 %
Hope
69,999
71,239
71,791
*572or0-8£
*1,792 or 2*6 %
Total Eumber of Live Stock in Great
Britain.
1-75.
1877.
1878.
1878
over
1877.
1878 over 1876,
07* +105 665 or 1'8 %
or 0'8 %
*2U,%23 or 0*6 %
Pig*
or 0‘6 %
*189,817 or 8*3 %
Note.—The returns were collected on Jure 25 in
the year 18.6 and on June
4 in the years 1877 and 1876. * Increase.
+ Decrease.
Cattle
Sheep
No. 5,644,141
...
Mr.
Times,
5,697,933
over
5,758,-*76 *40,543
....28,182,951 28,161,164 28,397,274 *236,110
2,293,623 2,498.728 2,4813.437 +15,291
James Caird has addressed the
which will prove of interest:
or
following letter
to the
The agricultural returns for
Great Britain show a small
increase over last year in wheat and
barley, and a decrease in
oats.
The extent under wheat has
increased by 50,000 acres.
Estimating Ireland at a little over last year, the total area of
wheat in the United
Kingdom will be nearly 3,400,000 acres.
From the general appearance of the
crop on the ground, and
trials by threshing
already made in various parts of the country,
there can be no doubt that the wheat
crop now being harvested
full average, and the best we have
had for some years.
The
increased acreage and the additional
produce will afford us
11,500,000 qrs. for consumption. We shall
require 13,000,000
more, for which we must look to our
foreign
commerce and to
our Indian and Colonial
is
a
During the
1877-8.
supplies.
past harvest year, now drawing to a
close, we shall
have imported upwards of
15,000,000 qrs. of wheat and flour.
This is the largest
import we have ever
received ; it has
price reasonably moderate, and the surplus has
from the
kept the
come mainly
cwt.
42 164 145
6.5341518
47,800,500
95,955,848
98,559.163
922,632
84,611,612
264,870
95.033,216
54s. 5d.
1876-7.
44.153,084
cwt. 53,333,396
garley
2ats
Peas
13,999,451
12,155,486
96,294,293
45s. lid.
44s. 5i.
2,782,195
37.809,669
....
7,821,615
1875-6.
.42,164,145
8,111,8.-9
12,'<95,389
1,481,010
13,032,101
10,852,778
1,341,247a
2,392,055
16.5S5.598
6,594,518
3,163.433
31,935,728
6,080,878
6,485,786
„
1874-5.
53,987,970
12,473,670
12,199,949
1.309,376
4,472,0^6
33,375.075
1,822.524
Beans
Indian Corn
Floor
been cut and carted, and
EUMMAEI OP AGRICULTURAL
RETURNS OF GREAT BRITAIN TOR
85,490^870
879,278
50s. Od.
season
EXPORT8.
cwt.
1,58*,728
830,465
51.512
63,795
13,964
20,331
20,583
242,672
91,250
g.
Indian Corn
Flour
large quantity of wheat has
1876.
1,676,973
4
weekly sale of bills on India was held at the Bank of
England on Wednesday, and a better demand prevailed. The
Wheat
rate obtained was Is.
?|d., applications at which price received Barley
Oats
about 70 per cent. £300,000 were
offered, of which £252,200 were Peas
to Calcutta, and
£47,800 to Bombay. The silver market is firmer Beans
A
1874-5.
IMPORTS.
.
The
increased supplies are
coming to market. So far, the harvest has
been attended by various
results, but it is regarded as a full
average, amounting to about 11,500,000
quarters. The trade
during the week has been decidedly quiet, but there has been no
material alteration in prices.
flhe agricultural returns have been
issued this week, and
they show the
cwt.
following figures show
Wheat
prices.
7-10d. per ounce.
1875-6.
cwt.
the imports and
exports of cereal
produce into aud 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 years:
England and France are working in entire
the subject, and there seems to be very little doubt
that firmness will bring about a
satisfactory state of things to the
English and French bondholders. The amount of business
■doing in American Government and railroad securities has been
very moderate, and there has been no
important movement in
at 52
1876-7,
'..53,333,396 44,165,0S4 53,987,970
7,821,615
6,436,786
6,089,878
33,633,100 34,886.000 35,837,000
Total...............
Exports of wheat and flour
The
quantities
upon the British markets
1877-8.
of
intimated
following
placed
891,753
87,323
23,335
31,954
10,857
502,6 -5
48,303
The Economise Francaise has the
50,504
20,379
following
ing the French harvest:
207,086
168,105
82,235
18,927
2,683
47,501
57,784
* 21,342
337,310
39,694
remarks respect¬
“Excepting certain districts in the Nord and in
Brittany,
the grain is now all cut.
There were a few local storms
in the
north and northwest last
week, but, on the whole, the weather
has been favorable for the
housing of the corn. The yield of
grain, as shown thus far, will be less than that of
last year, but
the quality will be finer.
So excellent is the condition in
which 5
the crops have been
gathered that it will easily keep, and farmers
will be under no
necessity on this score to force their produce
For this reason it is not
upon the market.
expected that the
supplies will be at all free until the autumn. Millers are there
fore compelled for the
present to supply their wants to a
large
extent from the stocks of
imported wheat. Under these circum¬
stances a fall in price is
regarded as scarcely possible; nor, on
the other
hand, is
important rise more likely, for it would
become enough to draw out
large supplies from the hands
of the growers.
No important fluctuations are
expected, and it
is thought that the
price will be slowly adjusted, according to
the result of the
threshings. The present harvest
an
soon
below
an
deficiency
is
average in quantity, although the
is still uncertain, and the estimates
certainly
of the
vary from six to
It is added that the recent
rains
extent
fifteen millions of hectolitres.
have tended to diminish the
satisfactory prospects of the harvest
in Holland and Northern
Germany.”
It is stated that, instead of
working short time, a large amount
machinery is being stopped in the
manufacturing districts, in
order to diminish
of
production.
Euglisb. Jlarttei lleports-Per
Cable.
The
daily closing quotations in the markets of London and Liver¬
pool forth© past week have been reported by cable, as shown in
the following
summary:
London
of
Money and Stozk Market.—The bullion
England has increased £012,000 during the week.
Sat.
Oonsols for money..
“
account..
Mod.
94 9-16
Toes.
94 11 -16 94%
94 15 -16 94 15-16
107
107
94%
0.8.68(5-208) 1867....107
0. 8. 10-40S
K8%,
5s of 1381
107%
New
105*4
103%
107%
105%
103%
107%
105%
in the Bank
Wed.
Thur.
94 9- -16
94 13-16
94 9-16
107%
10 *>y%
108%
115%
Fri.
94%
107%
108%
108%
105%
94%
-
94%
107%
mvt
10
105%
Liverpool Ootton Market.—See special report of cotton.
LTnited States. The latest advices from
that quarter
Liverpool Breadstufts Market.—
that, while the great crop of 1877 is not yet
the
exhausted,
Sat.
prospect of the present crop is much less
Mon.
Tues.
Wed.
Thur.
satisfactory. In France
e. d.
d
e.
the wheat crop is believed to be below
s.
d.
s.
d.
s. d.
an
Flour
(extra
State)
26 0
average, so that we are
#bbl 26 0
26 0
26 0
26 0
likely to meet our nearest neighbors in the market as
Wheat (R. W. spring).# ctl 9 0
9 0
9 0
9 0
9
0
buyers
rather than sellers.
(Red winter)...
“92
9
2
There is thus much
9
0
9 0
9 0
the
probability of
(Av. Cal. white).. “ 10 2
10 2
10 2
10 2
present price being maintained, and,
10 2
“
perhaps, slightly increased ;
(C. White club).. “ 10 5
10 5
10 5
10 5
10
but there will be no
5
Corn (new W. mix.) # quar. 23 6
scarcity.
23 6
23 6
23 6
23 6
Peas (Canadian) $ qua'rter. 33 9
Up to this date there is less disease in the
33 9
33 6
33 6
33 6
potato crop tlianr
there has been for several
Liverpool Provisions Market.—
years at the same time.
The
extent
of
this important food
crop is much the same as last year.
Sat.
Mod.
Tues.
Wed.
Thur.
Young cattle and lambs have both increased, the first
e. d.
b.
d.
s. d.
8.
d.
s. d.
by 40,500 deef (prime mess) # tc.
and the last
07
67 6
6
67 6
07 6
by 263,000. There is thus already a
67 6
satisfactory Pork (W’t. mess)—# bbl 49 0
49 0
49 0
49 0
49 0
beginning made in the desirable object of
Bacon (l’g cl. in.)
32 6
# cwt 32 6
32 6
extending our home Lard
32 6
32 6
breeds of live stock, and the
(American).... “
38 0
abundant supply of
38 0
38 0
37 6
37 6
provender, hay Cheese (Am. tine) new V
and green crops this season all
44
0
44 0
44 0
41 0
44 0
favor that object, which recent
legislation is intended to promote.
Liverpool Produce Market.—
show
Fri.
d.
26 0
8.
“
During the week ended Aug. 17, the sales of
home-grown wheat
principal markets of England and Wales amounted to
Sat.
d.
4 9
10 0
s.
Rosin (common)... #cwt..
“
(fine)
“
■26,233 quarters/against 24,436 quarters last
year; and it is esti¬
Petroieuin(reflned)....# gal
Kingdom they were 105,000 quarters,
against 07,800 quarters in 1877. Since harvest, the sales in
the
Tallow(primeCity)..cwt. 37
mated that in the whole
“
“
(spirits)
Spirits turpentine
Cloverseed (Am. red)
..
“
23
“
38
Mon.
8. d.
4
10
9%
7%
9
0
Tues.
s.
4
10
9%
37
Z
0
23
38
6
3
0
0
Wed.
s.
4
10
9%
7%
7%
6
d.
9
37
23
38
6
3
0
d.
9
0
Tnur.
d.
s.
4
10
9%
r*%
3i
23
38
6
0
0
9
0
•
Fri.
d.
s.
67
49
32
37
44
-
—
in the 150
•
8 10
10 1
10
4
23 6
33 6
.
...
•
•
.
“
6
0
0
6
0
Fri.
4
d.
9
10
0
f.
9%
37
23
38
7%
y
0
0
o,
37
23
33
1%
9
0
0
THE
7,1878. j
September
CHRONICLE.
London Produce and Oil Markets.—
sat.
£ s. d.
tr. 8 10 0
Lins'dc’ke( obi),
.Linseed (Cal.) $ quar.
51
6
Legal-Tender Notes—
Mon.
Taes.
£. '8. d. £ s. d.
8 10 0
8 10 0
51 6
51 6
Wed.
£ 8. ( J.
8 10 0
51 6
Thai
Fri.
spot, # cwt
23 3
Whale oil
“
.32
0
0
23
67 0
32 0
23 10
3
0
0
0
23
67 0
32 0
28 10
23
67 0
32 0
28 10
3
0
0
0
3
0
0
0
d.
8 10
51
0
£ 8. (1
8 10 0
6
51
6
National Bank Circulation.—
New circulation issued
23
67 0
32 0
28 10
3
0
0
0
23
67 0
,c2 0
28 10
3
0
0
Circulation retired
Total circulation outstanding—Currency...
Gold
Notes received for redemption from—
New York
Boston
0
Cummer,dal and SHiscdlauco us Ltcxus.
Imports and Exports for the Week.—The imports last
showed
week
increase
an
merchandise.
The
total
both
in
dry goods
imports
and
781
following
were
the imports at New York tor
are
dry goods) Aug, 29 and for the week ending
{for genera) merchandise) Aug. 30:
1875.
1876.
$2,6-11,638
3,039,075
$1,660,823
$2,493,116
2,806,183
3,552,978
$2,093,449
4,027,352
$5,770,713
Previously reported.... 235,707,' 07
$4,467,011
$6,046,094
195,413,893
$6,120,801
221,342,417
186,794.912
Dry goods
Total for the week.
1877.
1878.
Since Jan. 1
$ 241,477,720
$199,885,904 $227,388,511. $192,915,743
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week
ending
Sept. 3:
EXPORTS FROM NEW YORK FOR THE WEEK.
1875.
For the week
$4,146,312
1877.
163.233,144
$5,549,558
169,772,324
..$167,379,155
$175,312,532
'
Previously reported....
Since Jan. 1
1876.
187S.
$7,260,965
175,537,610
parison of the total since Jan. 1, 1873, with the corresponding
totals for several previous years :
Aug. 29—Str. Baltic
Liverpool
Aug, 30—Str. Alps
Ca de Harty
Aug. 31—Str. Acapulco
Fanama
Aug. 31—Str. City of Richmond.. Liverpool
Mex. silver dels
Amur, silver dels.
Ainer. gold
Ainer. silver bars.
.
Same time In—
39.482,6-2
Same time in1871
1870
62.331,172
1869..
41,449,354
40.730.429
1868
$22,739,636
56,916,602
The
been
follows
gold)....$10,218,597
$54,296,201
46.608,939
25,217,626
65,022,531
40,959,922
53,343,422
1867
1866
imports of specie at this port during the
as
5,0. 0
7,200
$97,624
10,150,973
Previously reported ($4,392,833 silver, and $5,758,140 gold)
1877
1876
1875
1874
1873
1872
10,001
periods have
same
:
Aug. 26—Str. Bermuda
St. Thomas, &c..Amer. silver
$22,210
Amer. gold
__
Aug. 26—Str. City of New York..Havana, &c
12,540
Amer. silver
19,165
Foreign silver
...
Amer. gold
Aug. 28—Str. Algeria
4,681
6,2:6
Foreign gold
Amer. silver
Liverpool
Ainer.
Aug. 29—Schr. Impulse
Belize
Aug. 30—Str. Santiago de Cuba..Havana
89,124
4(0
200
74 >
gold
...Amer. silver
Amer. silver
Amer. gold
1,500
5,000
6,C0)
1,000
Total for the week ($138,139 silver, and $30,700 gold)
Previously reported ($9,830,935 silver, and$4,737,967 gold)....
14,508,9J2
Foreign silver....
Foreign gold
Total since Ian. 1, 1878
Same time in-
1876
1875..
1874
($9,9G9,074 silver, and $1,768,667 gold)...$14,'37,741
Same time
$8,797,834
3,423,546
—
8.376,717
4,197,706
..
$163,839
in—
1872
$2,885,404
7,596,316
7,751,653
1871
1870
1869
9.875.312
3,058,749 1868
The transactions for the week at the
as follows:
Receipts.
5,642,931
...
<
Ang.
Sept.
ft
31
2
3
it
if
.
Customs.
Coin.
$444,000
$729,099 98
634,225 25
411,000
392,000
4
406,000
5
6
522,000
340,000
599,171 90
616,775 03
628 436 48
1,184,746 42
Sub-Treasury have been
,
Coin.
Currency.
$352,690 26 $279,962
165.622
5.v2,953 51
538,950 85 2,382,594
551,260 28 2,741,466
922,319 31
742,774
564,280 03
614,027
Currency.
$437,422 06
07
56
41
07
55
13
.
864.493 22
663,751 37
740,057 27
954,976 08
813,336 57
Total
#2,515,000 $4,392,455 06 $3,512,459 29 $6,956,447 79 $4,754,086 57
Balance, Aug. 30
129.483.574 41 49,807,980 03
Balance, Sept. 6
126,919,581 98 48,566,352 81
U. S. Legal Tenders
the
the
and
National Eank Notes.—-From
Comptroller of the Currency, Hon. John Jay Knox, we have
following statement of the currency movements and Treasury
balances for three months past:
UjS'. Bonds held as security from Nat. B'ks.— June 30.
Bonds for circulation deposited
$3,267,700
Bonds for circulation withdrawn
2,787,750
Total held for circulation
349,546,400
Bonds held as security for deposits
13,858,000
July 81.
$1,390,400
5,055,900
Aug, 81:
$6,8’5,500
348,880.900
13,906,400
6,646,950
349,049,450
13,860,400
544,700
758,800
164,700
11,491,732
10,909,247
10,292,650
Legal-Tender Notes.—
Deposited in Treasury under act of June 20,
1874
Total now
banks
on
deposit, Including liquidating
35,318,984
346,681,016
35.318,984
343,681,016
346,6^1,016
1,400,450
844,910
1,435 685
322,474,439
1,432,120
607,910
877,271
323,082,164
1,432,120
Aug. 31.
j
.
9,824.000
9,572.000
7,095,000
1,119,000
6,691,000
1,123,000
914,597
322,016.242
1,432,920
4,471.000
6,571,000
720,000
56.000
5,578,000
Total...,
..$23,616,000
Treasury Movements.—
Balance in Treasury—Coin
Currency
Currency held for
197,415,133
2,653,479
5,400,000
4,390,000
$22,786,000 $16,413,000
207,007,852 238,420,709
1,108 317
2,122,171
re-
demotion of frac¬
tional currency
10,050,000
Coin and silver certificates outstanding....
45,829,600
10,000,000
10,000,000
45,631,030
41,017,830
The following is the statement of the Comptroller, showing
the issue and retirement of national bank notes and legal-tender
1874, and January 14, 1875, to
September 1, 1878:
National bank notes
outstanding when Act of June 20, 1374,
was
passed
National bank notes issued from June 20,1874, to Jan.
14.1875
National hank notes redeemed and retired between
same dates
..
$349,S94,1S2
$4,734,5C0
2,767,232
National bank notes increase from June 20, 1374, to Jan. 14, 1875.
1,967,263
National bank notes outstanding Jan. 14, 1S75
$351,801,450
National bank notes redeemed and retired from Jan.
14, 1875, to date
$69,318,9 0
National bank notes surrendered between same dates.
9,535,928
Total redeemed and surrendered
National bank notes issued between
same
Decrease from Jan. 14, 1875, to ddo
National bank notes
dates
$78,854,823
49,009,6*0
>
outstanding at date
Greenbacks on deposit in the Treasury June 20, 1874, to retire
notes of insolvent and liquidating ba> ks
Greenbacks deposited from June 20, 1874, to date, to retire na¬
tional bank notes
29,845,203
$322,016,242
$3,813,675
78,565,107
Total deposits
$32,378,782
Circulation redeemed by Treasurer between same dates without
re-issue
72,086,132
Greenbacks
Total for the week ($92,674 silver, and $5,000 gold)....
Total since Jan. 1, 1878 ($4,435,457 silver, and $‘,763,140
$75,424
35,318,934
$
205,000
Miscellaneous
$7,625,433
223,323,435
$182,793,575
$230,948,918
The following will show the exports of specie from the port of
New York for the week ending Aug. 31, 1878, and also a com¬
July 31.
Chicago
notes, under the Acts of June 20,
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
General merchandise...
Philadelphia
June 30.
$.
Cincinnati
genera)
$6,120,801, against
f4,932,300 the preceding week and $6,298,096 two weeks pre¬
vious.
The exports for the week ended Sept. 3 amounted to
$7,625,433, against $7,011,880 last week and $6,378,179 the pre¬
vious week. The
week ending (for
Retired under act of January 14,1875
Total retired under that act to date
Total amount of greenbacks outstanding..
8.
£
‘8agar(No.l2D’chstd)
on
245
on
deposit at date
Greenbacks retired under act of
Greenbacks outstandirg at date
$10,292,650
January 14, 1S75
$35,318,98*
346,631,016
Silver Payments—Treasury Circular.—The following cir¬
cular has been issued from the*Treasury Department.
Treasury Department,
)
Washington, D. C., Sept. 3, 1373. f
The Treasurer of the United States lias been directed upon the receipt by
him from any person of a certificate issued by any Assistant Treasurer, desig¬
nated depository, or National Bank designated as a public depository of the
United States, stating that a deposit of currency has been made to his credit
in general account of the sum of $1,000, or any multiple thereof, not exceeding
$lu,000, to cause a shipment to he made from some mint of the United States
to the person in whose r.ame the certificate is issued of a like amount of
standard silver dollars, the expense of transportation to be paid by the mint.
Until further notice, upon receipt by the Treasurer of the United States of
United States notes or National Bank notes sent for redemption in multiples
of $1,0(X) and not exceeding $10,000, standard silver dollars will be returned
under the provisions of this circular. The sole
purpose of this circular is to
facilitate the circulation of standard si ver dollars for all purposes as cur¬
rency. but not to authorize that issue for the purpose of being used directly
in making those payments to the Government which are required to be made
in coin, or for deposit to obtain silver certificates; and officers receiving cur¬
authorized herein are expected, so far as practicable, to see that tho
object specified is carried out. Shipments as above indicated, however, will
be made only to points in the United States icached through established
express lines, by continuous railway or steamboat communication.
John Sherman, Secretary.
rency
of
Savings Banks in the United States.—By Emerson W.
Kt-yes, late deputy superintendent of the banking department of the
State of New York. Bradford Rhodes, New York, 1878.
In two large volumes, Mr. Keyes has presented to the public
History
elaborate history of the savings banks
from their inception in 1816 down to 1877.
the banking department of the State of New
author an opportunity to become a student of
of the country
His position in
York gave the
the theory and
working of savings banks, from the most practical point of view.
The result of his observations made in that official position,
supplemented by careful examination and study of.the subject in
the works found in the State Library, as well as iu other States,
lias enabled him to prepare a work which should find a place
in the library of every person interested in the industrial and
financial history and progress of the United States.
Savings
banks are the embodiment of a great idea in this country—they
are tli6 guardians of the hard-earned surplus of the well-to-do
masses of the people, and
anything which throws light upon
their origin, history, and management, is most acceptable.
Mr.
Keyes will have made a valuable contribution to the financial
literature and statistics of the day, if his treatise serves the
purpose of furnishing to the legislators of our several States
some definite and well-digested information, upon which they,
may base future legislation in regard to savings banks.
—The Ontario Silver Mining Co. announces another double
dividend (for August) of $1 per share—or $100,000 iu all, payable
at the office of Wells, Fargo & Co., on the 15th inst.
The stock
this week has been more active, with sales at 40.
—Mr. Dumont Clark succeeds Mr. Edmond Willson as cashier
of the American Exchange National Bank, Mr. Wilson having
been obliged to retire from his position on account of ill health
an
22..339965——BBeernksihigeton
246
THE CHRONICLE.
This reduces the amount uncalled of the consols of
1865 To
coupon and $15,629,900 registered.
Closing prices at the N. Y. Board have been as follows:
3*Ite 'gmikzxs9 <*taettc.
$31,798,400—$16,168,500
NATIONAL BANKS ORGANIZED.
The United States Comptroller of the
Currency furnishes the
following statement of National Banks organized :
County National Bank, of Bennington, Vt. Authorized
capital, $100,000; paid-in capital, $54,000 Char es Thatcher,
Ellis A. Cobb, Cashier. Authorized to commence business President;
August 17,
1878.
National Bank, of North Adams, Mass. Authorized
capital,
$100,000; paid-in capital, $50,000. Jarvis Rockwell, President; Chas.
H.
Ingalls, Cashier. Authorized to commence business August 29, 1878.
DIVIDENDS.
The following dividends have recently been
announced
Per
Name
op
Company.
:
When
Books Closed.
Payable. (Days inclusive.)
Cent.
Ballroad.
Little Miami (quar.)
294803576
2
Sept.
lO.iSept. 1 to Sept. 10
FRIDAY, SEPT. 6, 1878-5
Tlie Money Market and Financial
Situation.
has
scarcely witnessed
ripple
a
business men to prolong their absence from the
city, and thus to
retard the improvement which is
usually
expected
soon after the
first of this month.
heavy grain
movement from the West, and the
large
exports, constitute about the most striking feature
just
now in
our home and
foreign trade, as the activity in the produce mar¬
kets and in railroad and lake and ocean
freights, and the bills
of
exchange arising from the shipments, are all dependent thereon
to an important
degree. Chicago alone received 18,632,000
bushels of grain in
August, against 13,156,665 in
new railroad tariff on
east-bound
August, 1877.
freights went into effect at
A
6s, 1881
reg.
J.
J.
J.
J.
J.
J.
J.
J.
M.
M.
&
&
A
&
&
A
&
&
A
&
This is the price bid;
no
Aug.
Sept.
31.
Sept.
2.
*107*8 108
*10734 *107*2
106*2 106*2
*1087s x06*2
106*4 106*4
*106*8 106*4
*10334 103 78
*104% x03%
1007s 100%
*100% 100%
*11978 11978
sale
was
Sept.
6.
*107
*108*8
108*4
*10258
*10258
10538
105*2
*107
10778 108
108*4
108*4
*102*2
*102*2
*10538
*10538
*107*4
-107
106*2 *10638 *106*4
106*2 10638 10638
10638 106*4 106*4
106*4 106*4 106*4
-103% 10378 10378
103% *103% 103%
10078 100% *10050
1007e *10058 *1005s
*120
*120
*120
108*4
108*6
*102*3
10238
*105*4
105*4
*107
*107*2
10638
*106*4
106*4
106*8
103%
*1035s
100%
1005s
*119%
1878, and’the amount of each
1878, were as follows:
Range since Jan. 1,1878.
Lowest.
Sept.
made at the Board.
The range in prices since Jan. 1,
class of bonds outstanding
Sept. 1,
-
Sept.
3.
J. 108
*108
*108*8
J. 108*4 *108
108*4
J. *102%: 102% *1025s
J. -102% *10258 *10258
J. *105%) *10538 105*2
J. 105*2 *10538 *10538
6s, 1881
coup.
6s, 5-20s, 1865...reg.
6s, 5-20s, 1865 .coup.
6s, 5-20s, 1867...reg.
6s, 5-20s, 1867 .coup.
6s, 5-20s, 1868...reg.
J.
6s, 5-20s, 1868 .coup.
J.
5s, 10-40s
S.
-.reg.
5s, 10-40s
S.
coup.
58, fund., 1881...reg. Q.-Feb.
5s, fund., 1881..coup. Q.-Feb.
4*28, 1891
....reg. Q.-Mar.
4*28, 1891
coup. Q.-Mar.
4s, 1907
;...reg. Q.-Jan.
4s, 1907
coup. Q.-Jan.
6s, cur’cy, ’95-99. reg. J. & J.
*
Wall street
of excitement since the date of
coming in the
inducing many
The
Interest
Period,
P. M.
last report.
The exceedingly warm weather
first week of September has had the effect of
our
lvol. xxvii.
Amount Sept. 1.
Highest.
Registered.
Coupon.
6s, 1881
cp. 105*e Feb. 25 110% June 27 $196,751,650
6s, 5-20s,’65.cp. 102*4 July 22 105*8 June 6
48.447.300
6s, 5-20s,’67.cp. 104*2 Aug. 12 10850 June 27 108,815,400
68,5-208,’68.cp. 106% Jan. 2 111 *4 June 28
16,041,000
5s, 10-40s... cp. 103 7s Mch. 1 10938 July 29 144.280.800
5s, fund.,’81.cp. 10234 Feb. 25 10778 July 30 239.689.800
4*28, 1891 ..cp. 10170 Mcb. 1 105 Aug. 17 157,377,750
4s, 1907
cp. 100*4 July 1 102% Jan.
9
98.130.300
6s, cur’ncy.reg. 117*4 Apr. 5 122*8 May 25
64,623,512
$85,984,700
43,345,800
201,798,700
21,424,300
50,285,500
268,750,550
92,622,250
43,719,700
State and Ballroad
Bonds.—State bonds are generally firm
a moderate business.
South Carolinas are strong for the
Monday, Sept. 2. The old difference of three cents
Baltimore, and two cents in fa\ or of Philadelphia, is consols, and the period for funding old bonds into the consolidated
still allowed, and the lower class
freights are five cents higher to will expire in Novembsr next. Louisiana consols sold at 73
Boston than New York.
With this explanation the
Alabama consols are held at firm prices.
following to-day.
Railroad bonds continue to show
schedule; in cents per 100 pounds, from Chicago to New
strength on a fair investment
York, business.
will be understood:
There is no class of bonds
belonging to roads in any
Chicago
on
in favor of
1st class.
120 c
2d class.
90
Bulk
meats.
Barreled
meats, Ac.
40
At
3d class.
70
Dressed
Chicago, Sept. 5,
rates
Grain.
30
meats.
and game.
Cheese.
70
Grass
seeds.
50
35
35
Poultry
meats.
90
35
,
Boxed
4th class.
35
by Lake to Buffalo
4|c. for
wheat and 4-£c. for corn, and canal rates the
same day were 8c.
per bushel for wheat and 7c. for corn from Buffalo to New York.
Our local money market is without essential
change, and loans
on
call
readily obtainable
are
at
1@2
were
per cent,
according to the
collaterals.
Prime commercial paper of three and four months
finds an easy market at 4@5
per cent, while choice 60 days’ paper,
of which there is
scarcely any offering, could be placed at 3£ per
cent.
The Bank of
England
ment a gain
to liabilities
on
Thursday showed in
its
weekly state¬
in specie of £612,000, and the percentage of reserve
was 41 11-16,
against 40$ the previous week; the
discount rate remains at 5
per cent.
The Bank of Fiance lost
8,000,000 francs in specie during the week.
The last statement of the New York
('ity Clearing House banks,
Issued August 31, showed a decrease of
$2,792,700 in the excess
above their 25 per cent
legal reserve, the whole of such excess
being $16,907,775, against $19,700,475.
The following table shows the
changes from tlie previous week
and a comparison with the two
preceding years.
1878.
Aug. 31.
Loans and dis.
Specie
Circulation
Net deposits
..
.
Legal tenders.
$239,431,700
Differ’nces fr’m
1877.
previous week.
1876.
Sept. 1.
Sept. 2.
Inc.
$2,437,400 $243,778,700 $255,823,500
17,000,300 Dec. 1,662,500
19,438,700 Inc.
133,100
216,164,100 Inc.
75,600
53,948,500 Dec. 1,111,300
16,030,100
15,383,300
209,450,700
48,130,100
22,142,200
11,608,800
228,593,000
57,780,600
United States
Bonds.—The activity in government securi¬
continues, and the amount of bonds from London sold in the
early part of the week was probably about $2,000,000. In the
past day or two the foreign bankers have done very little.
The Secretary of the
Treasury has issued the seventieth call for
the redemption of 5-20
bonds, on which interest will cease De¬
cember 4, 1878.
The description is as follows:
ties
Coupon bonds, dated July 1, 1865, namely: $50, Nos.
74,001 to
75,003, both inclusive; $100, Nos. 136,001
to
$500, Nos. 95,001 to 97,000, both inclusive; 138,000, both inclusive;
$1,000, Nos. 184,001 to
189,000, both inclusive. Total coupon bonds, $2,000,000.
Registered bonds, “ redeemable at the pleasure of the United
States,
after the 1st day of
July, 1870,” as follows: $50, Nos. 2,451 to 2,485,
both inclusive;
$100, Nos. 19,101 to 19,120, both inclusive; $500,
Nos.
11,201 to 11,226, both inclusive;
$1,000, Nos. 38,001 to 38,400, both
inclusive; $5,000, Nos. 11,601 to 12,000, both
inclusive; $10,000, Nos.
22,551 to 22,880, both inclusive. Total
registered bonds, $3,000,000.
Aggregate,
$5,000,000.
The calls
£ah.
§°
§1
now
outstanding
are as
Date of Call.
June 20
July
July
July
July
Aug.
Aug.
Aug.
Aug.
Aug.
Sept.
11
17
23
30
5
7
10
16
26
4
follows:
Matures.
Sept. 20
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
11
17
23
30
5
7
10
Nov. 16
Nov. 26
Dec.
4
Amount.
$5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
on
particular section of tlie country which show exceptional weak¬
ness, and the general improvement in the
prospects for railroad
property has raised the prices of bonds throughout the whole list.
In this, the few roads
directly affected by the yellow fever can
hardly be included, but the depressing influence is in that case
local and temporary, and few railroad bonds have shown a
more
decided advance within a year past than the bonds of these same
railroads—the New Orleans St. Louis &
Chicago, Memphis &
Charleston, and Mississippi & Tennessee.
The following securities were sold at auction:
Shares.
4 Nat. Bank of Commerce... 118
25 Bank of America
125
5 Metrop. Nat. Bank
1173s
10 Manhattan Gaslight Co....
200^2
10 Broadway Ins. Co
200*4
2 Metrop. Gaslight Co
132
10 Nat. Park Bank
895s
10 Second Av. RR
43
Bonds.
$120 Metr. Gaslight Co. scrip 103*4
3,500 Miss. Cent. RR. 2d
mort. 8 p. c. bonds, Aug.,
1878, coupons on
85
20,000 Ind. Bloomington &
West. RR. 1st mort. extension 7s
5
20,000 Dela. Lacka. & West.
RR. 1st consol, mort. 7s...103
•
Closing prices of leading State and Railroad
weeks past,
Bonds for two
as follows:
and the range since Jan. 1,1878, have been
States.
Aug.
Sept.
30.
6.
Range since Jan. 1,1878.
Lowest.
Louisiana consols
73
73
69% June 8
Missouri 6s, ’89 or ’90
*102*2 *102% 102*2 Aug. 23
North Carolina 6s, old
16% *16*2 15
Men. 29
Tennessee 6s, old
*35
*335s 33*2 Jan. ‘4
Virginia 6s, consol
*70
*72*2
do
do
2d series..
*28*2 *29
29
July 31
Dist. of Columbia, 3-65s
80
*78*2 74
Apr. 12
Railroads.
Central of N. J. 1st consol
64*4 Mch. 4
Central Pacific 1st, 6s, gold.. *105 78
10578 1035s Jan. 15
Chic. Bui-l. & Q. consols 7s... 113*2 113*2 109
Jan.
2
Chic. & Northwest, cp., gold..
99
99
9178 Jan. 14
Chic. M.& St. P. cons. s. f. 7s..
93 78
935q 91*8 Jan. 5
Chic. R. I. & Pac. 6s, 1917... 108*2 108*2 106
Jan.
5
Erie 1st, 7s, extended
*115
110
Jan.
7
Lake S. A M. S. 1st cons., cp..
112
*112
109
Highest.
85
108
18
Feb. 11
June22
May 25
3950 May 14
30
85
July 16
June 10
90
July 11
10858 June 28
113*2 June 15
103*4 May 31
102% May 25
110*2 June 28
116*4 July
8
105*4 July
9
Jan. 10 112*4 May 27
Michigan Central consol. 7s..
*111*2 105*8 Jan. 5 112*4 Aug. 24
Morris A Essex 1st mort
*118**
115*2 Jan. 5 120
Apr. 29
N. Y. Cent. A Hud. 1st, cp
*117
*117
118
Jan.
7 122
June26
Ohio A Miss. cons. sink. fd..
*98*2 *99
957e Feb. 20 102*8 June 27
Pitts. Ft. Wayne A Chic. 1st.. -118
*118
118
Feb.
8 121*2 June 15
St. Louis A Iron Mt. 1st m
*103*2 104
103
Apr. 5 1093s May 24
Union Pacific 1st, 6s, gold.... 1055s *10558 10358 Jan.
7 10858 June 28
do
sinking fund.... 104
*99% 923s Mch. 6
—
*
This is the price bid;
no
sale
was
made at the Board.
Ballroad and Miscellaneous Stocks.—-The
week has been
somewhat unsettled in the stock market, and
prices have
moved from day to day
according to the influences of the moment,
rather than with any definite
tendency towards
a
higher
or
lower
range of values.
T he Vanderbilt stocks and Western Union are
among the steadiest and strongest of the market, while the granger
stocks continue to be the weakest
point. Erie declined sharply,
but made a partial
recovery, closing at 13f.
Hannibal and St.
Joseph has been conspicuous for
common,
also took
an advance in both preferred and
and Clevland Columbus Cincinnati and Indianapolis
a start
upward to 34^, the advance in the latter stock
being presumably based on larger earnings derived from grain
traffic, and higher rates for through freight, as few roads suffered
more
seriously than this from the low prices on through traffic,
jI returns
In the table of earnings to latest dates, published below, the
for August are included for a number of
5,000,000
prominent roads,
September
THE
7, 1878.]
CHRONICLE.
and show some interesting changes as compared with the same
month in 1877.
The daily highest and lowest prices have been as follows:
34%!
Saturday,
Aug. 31.
Monday,
Sept. 2.
6«P
64'
116% 117
49% 50
52% 53
1294 14
50
52% 53
14% 15
13%
33% 33% 33%
109% 109% 109%
27% 29% 2894
05%
6694
33% 34% 34%
04% 05% 65%
116% 117% 117%
49% 49% 50
>oy±
52% 53% 53%
12% 13^ 13%
13% 14% 14%
66
64
04% 66
11694 117!
50
Wedn’sd’y Thursday,
Sept. 4.
Sept. 5
Sept. 0.
13%
14]
35
34% 36
Illinois Cent
"80*80
Lake Shore
6>
66% 64%
69
Michigan Cent 69
68%
Morris <fe Essex QQ
83% 8"%
N.Y.C. & H. h. 11194 112
111%
Ohio & Miss...
7%
7*
7
Pacific Mail.... 18
18
1794
Panama
126
125
Wabash
14% 14% 14%
Union Pacific.. 04% 64% 64
West. Un. Tei.
92% 93% 92
.
35%
659
68>
329
112}7"9
13%
12)
30
80
37
37
80
34%
1103:
299
68
35%
66%
11794
50%
54
14%
15%
34
31% 33% 84%
110% 111
110% 111%
28% 29% 27% 28%
66% 67% 65% 08%
34% 35% 33% 84%
66% 64% 65%
117% 117% 117% 117%
49% 50
48% 49%
52
53% 51% 52%
14
14% 13% 14%
15
16}15% 15%
—
38
40
38
79
38%
79% 80%
79%
65% 60% 66% 67% 67% 07% 67% 67%
09% 70
69%
70%
71% 72%
83
83% 83% 83%
82% 82%
112% 112% 1P2 %
11394 115 114% 114%
7%
7%
17% 17%
*
125
8*
UH
iff*
7%
*174
*.... 126
7%
794
18
1794
17
f
Quicksilver....
do
*
*12
90%!
pref. *30
These
are
*33
14%
61%
12
14
35
12
*....
3,018
3,915
68.215
do
do pref.
88,635
Chicago & North w... 68,058
do
do pref. 111,860
5,300
2,145
60,420
92,130
17,950
12,887
do
Illinois Central
pref.
465
Lake Shore
114,355
Michigan Central.... 11,060
Morris & Essex
1,630
N. Y. Cent. & Hud. R.
6,682
Ohio & Mississippi..,
2,370
Pacific Mail
3,110
15%
04%
94%
Union Pacific
Western Union Tel...
Adams Express
American Express..
United States Exp...
45
Jan.
Sept. 2
Sept. 2
Aug. 10
5
463a Mch.
5
7% Jan.
5
Feb. 28
98
46
44
Wells, Fargo <fc Co...
Quicksilver
200
100
pref..
Feb. 14
June 29
5478July 8
8434 July 9
55*4 Apr. 17
79% July 11
7
5978 July 10
6178 July 10
183* July 31
16*4 Sept. 5
40
Sept. 5
87
July 11
69*4 Apr. 15
725s Apr. 18
Jan.
8 106
Aug.
Aug.
2
7
513* Feb. 25
82*2 Jan.
7
95
12
Aug. 21
293* Feb.
91
13
34
5
Aug. 17
52*2 May 8
June
5
193* Feb. 25
37
June 15
373*
11878
42*8
73*4
43 7s
69*2
105*2
74%
77
15
1£7<
33 7s
79
7338
74*4
92 %
109*4
1138
26*4
130
*73
84%
105
90
24
45
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
tioned in the second column.
-—Latest earnings reported.—, /—Jan. 1 to latest date.-s
378.
187
Atch. Top. & S. F.3d wk Aug $117,500
$75,425 $2,171,883 $1,409,963
Atl. & Gt. West... July
303,601
301,730
Atlantic Miss.& O.July
127,441
133,404
889,251
889,522
Bur. C. Rap. & N. August
104,443
113,625
992,981
615,583
Burl. & Mo.R.inN.June
90,590
70,663
735,081
415,335
Cairo
St. Louis.2d wk Aug
3,843
4,498
131,589
147,229
Central Pacific...July
1,517,000 1,391,867 9,400,363 9,230,572
Alton..August
Chic. Burl. & Q...July
Chic. & East. Ill.. 1st wk Aug
Chic. Mil. & St. P. August
Chic. R. I. & Pac. June
Clev. Mt. Y. & D.. 3d wk Aug
Dakota Southern.June
Denv. & Rio G...August
Detroit & Milw.. .July
563,728
946,427
21,526
523,000
568,217
6,784
491,728
829,300
15,761
3,001,096
7,364,218
2,829.397
677,050
536,235
7,270
5,428,000
4.190,812
17,386
17,692
84,572
230,079
103,730
678,894
1,032,110
934,675
232,927
83,416
464,985
451,246
502,160
5,777,702
423,452
517,367
5,672,183
2,612,586
3,121,012
819,661
756,223
820,189
1,925,249
2,007,405
923,781
942,640
126*792
114,390
119,700
Dubuque AS.City. August
Erie
'..May
59,887
80,311
1,172,961 1,234,095
Gal. H. & S. Ant. .June
85,058
53,121
Grand Rap.&Ind. June
93,263
86,485
Grand Trunk. Wk.end.Aug.24 168,408
183,924
Gr’t Western.Wk.end.Aug.23
90,793
79,752
*111. Cent. (Ill.line)August....
562,160 564,889
cio
Iowa lines. August
98,537
127,575
Indianap. Bl. &W.3d wk Aug
31,329
31,018
Int. & Gt. North..3d wk Aug
27,415
24,459
Kansas Pacific., ,4th wkA’g 124,461
90,700
Mo. Kans. & Tex .August
294,835
323,347
Mobile & Ohio....July
95,676
96,932
Nashv. Ch.& St.L. July
112,702
131,646
Pad.&Elizabetht.3d wk Aug
6,952
7,797
Pad. & Memphis..3d wk Aug
3,762
3,776
Phila. & Erie
July
214,081
163,501
Phila. & Reading. July
987,721 1,089,641
St.L.A.&T.H. (brs)3d wk Aug
11,630
11,655
St. L. Iron Mt. & S. August
359,100 374,165
No.
St. L. K. C. &
.August.... 309,103 302,026
St. L.&S.E.(St.L.)lst wkAug
15,339
12,918
do
(Keu.).lst wkAug
9,444
11,401
do
(Tenn.).lst wkAug
3,481
3,469
St. Paul & 8. City. July
47,720
40,597
Scioto Valley
28,176
July
Sioux City & St. P. July
27,520
21,048
Southern Minn...July
53,201
46,951
Tol. Peoria <fe War. August
131,145
121,274
Wabash
August
577,940
531,222
Union-Pacific
June
1,154,232 1,101,099
..
*
518,512
612,458
5,872,677
529,033
574,500
5,543,696
2,862,727
3,474,529
953,362
795,904
752,499
2,153,013
1,770,521
1,475,733
6,658,147
288,489
2,527,478
2,057,175
353,874
201,507
98,933
332.833
145,890
207,284
....
August earnings include those
on
or
silver.”
The range
of gold and clearings and balances
Quotations.
Gold
Open Low. High C108.
Clearings.
Aug. 31.. 100% 100% 10058
Sept. 2.. 100% 100%il00%
“
3..
100%100%]100%
427,184
.
836,161
3,139,922
Springfield Division.
The
following
6,301,348
1,553,366
7,483,134
302,507
2,583,626
1,906,352
332,327
189,312
85,119
248,337
134,576
254,804
694,136
2,879,099
are
$4 84
Napoleons
3 84
X X Reichmarks.
X Guilders
4 75
3 90
5,196,000
6,536,000
7,742,000
10,375,000
7,891,000
H'l-h1) co o
Currency
812,813
897,000
1,258,837
1,009,500
747,000
817,185
901,844
1,265,040
1,003,909
751,043
$800,000
$804,562
$46,788,000
Mt—*!-1 0 0 0 0
42,029,000
®$4 88
3
4
4
®15
-@15
®
®
®
Span’h Doubloons. 15 65
Mex. Doubloons.. 15 45
Fine silver bars
113*2®-
88
80
10
90
60
Dimes & *2 dimes.
Silver *43 and %s.
Five francs
Mexican dollars..
English silver
*
114*4
par.®*4prem.
Fine gold bars....
Balances.
Gold.
quotations in gold for various coins:
Sovereigns
..
follows:
were as
$9,048,000 $1,270,275 $1,375,940
100%1003s1100%
—
98 ®
98*2®
—
—
90 ’ ®
—
—
—
88*4®
®
4 75
....
Prus. silv. thalers.
Trade dollars
New silver dollars
—
68
—
—
9858
—
—
99
92
90
4 85
—
70
97*2®
—
98%
997s®
—
par
®
Exchange,—Foreign exchange showed
a fair business early
week, but the bond importers were the main buyers, and
as they'liave latterly been
doing hardly anything, the demand for
bills fell off and prices declined.
To-day, on a dull market,
actual transactions are made from f to 1 full point below the
asking rate of bankers, as quoted below.
For domestic bills the following were rates on New York at the
undermentioned cities to-day: Savannah, buying f offered, selling
£ offered; Charleston, weak, £ discount, par; New Orleans, com¬
mercial 3-16, bank
St. Louis, 125 discount; Chicago, 80 cents
discount; and Boston par.
Quotations for foreign exchange are as follows:
in the
60*4
593*
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the gross earn¬
Chicago
412%-grains silver dollar was
about 88 cents. The bullion value of the ‘ trade
dollar,’ which contains 420 grains of silver, -was to-day $0*8957 gold, or
about 89% cents. This coin, not being a legal-tender, is, however, worth
less in the market than the ‘dollar of the fathers’ with 7*2 grains less
49%
50
Low. High.
Jan.
2 45*4 July 11
Feb. 28 11434 July 15
21% Feb. 28
120
65
182
15
to-day $0-8797 gold,
100
1877.
Jan.
3
June 10
Feb. 28 89
Feb. 11 115
Sept. 5
June 29 11*4 Apr. 15
June 21 237s Jan. 16
Jan.
100 112
5 131
Feb. 25
12% June 26 2038 Apr. 5
4,600
Mch. 20
61*4 July 31 73
15.215
75*4 Feb. 13 95*8 July 22
23,110
Panama
Wabash.
above this sum will tend to drive the market value of these dollars down
to their bullion value. The bullion value of a
100%^ 100*J
Highest.
Merchants will,
currency.
far as they can, and will save the premium
gold; they will then pay it into the Treasury, and will again draw it
out provided the Treasury continues to exchange it for currency. It is
a question how much silver will be needed to
go around in this circle and
furnish all the ‘ coin’ needed for duties on imports.
We hear estimates
that $20,000,000 will supply this demand. If this be so, then the amount
as
This week
10008
Prev. w’k 100% 100%'10058
S’ce Jan. 1 102 7b 100%!l0278
Feb.
9
Jan. 15 119% June
72»8
5578
58%
6738
10334
6 34
14%
get this silver
on
Whole year
13%
99*4
27%
64%
32%
59%
983s
10
of course,
in prices since Jan. 1, 1877,
Lowest.
Central of N. J
Chic. Burl.& Quincy.
Chic. Mil. &St. P
..
follows:
1003a 1003800038
10038 100*4‘10038
Jan. 1, 1878, to date.
Sales of
Week.
Shares.
do
*12
•••
....
Total sales this week and the range
were as follows:
do
*12
127
35
*30
33% 33% *30
the prices bid ana asked: no sale was made at the Board.
Chic. Rock Isl. & Pac.
Del. & Hudson Canal
Del. Lack. & Western
Erie
Hannibal & St. Jo.
as
Gold was 10038 all day (Thursday), with 100*4 the best bid at times—
this on account of the Treasury announcement that $10,000,000 silver
dollars (412% grains) will be exchanged for
1794
....
15" 15% 14%
14% 14% 14% 15
64% 04% 64% 6494 64% 64% 64%
93
93% 03% 9394 94
93% 9494 94
Adams Exp.... if
106 1 *105 100
100
100
106
105% 106
f05% 100
American Ex.. 49% 49% *
50
50
59
49% 49%
49% 49%
United States *48
49
49
49
50
49% 49>$ 49% 49% 49%
91
Wells, Fargo.. *90
*90
*90
90% 91
*90% 90% 90
#
.
was lOOf.
The borrowing rates were
Silver in London is quoted at 52d. per oz.
Daily Bulletin of to-day comments upon the silver trans¬
li per cent to flat.
The
actions
Friday,
Market.—Gold declined to-day to 100£, but the
opening and closing price
“
Central of N.J. 33% S3
33
Chic. Burl.& Q. 10844 109
108%
C. Mil. & St. P. 28
23
27%
do
pref. 05% 66* 6494
Chic. & North. 34
35% 33%
do
pref
C. R. I. & Pac..
Del.& H. Canal
Del. Lack.te W
Erie
Han. & St. Jo..
do
pref.
Tuesday,
Sept. 3.
The Gold
247
Sept. 6.
60
3
days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
4.813^^4.82%
4.81*4®4.8L3*
Documentary commercial
4.79%®4.80%
5.2178^5.18%
5.2178®5.18*8
5.2178®5.18*8
397e® 40
94*8® 9438
94%® 943s
94*8® 943a
94%® 9430
(francs")
Paris
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks). ’
Boston
banks for
1878.
Apr.
Apr.
May
May
May
May
22.
29.
6.
13.
20.
27.
June
June
June
June
3.
10.
17.
24.
July
•July
July
July
July
Aug.
Aug.
1.
_
4.80
®4.81
days.
4.86*4®4.87
4.85%®4.86*4
4.84%®4.85 *2
4.84
®4.85
5.19 3s® 5.16 *4
5.193s®5.16*4
5.1938®5.16*4
40*8® 40*4
9478® 95*8
9478® 95*8
9478® 95*8
9478® 95*8
Banka.—The
following are the totals of the Bostoa
series of weeks past:
Loans.
Specie. ' L. Tenders. Deposits. Circulation. Agg. Clear.
a
S
S
$
i
l
f
125,299,800
125,234.700
6,567,400
5,716,800
5,265,300
4,767,400
4,119,100
3,959,300
3,418,600
3,211,800
2,890,900
2,677,400
2,633,800
2,451,900
3,488,000
3,303,400
3,011,-200
3,364,000
3,677,500
3,445,600
3,766.409
3,857,600
4,260,200
5,26 ’,600
5,756,100
6,224,200
49,374,300
43,343,800
48,357,900
48,823,200
49,336,900
48,893,500
50,165,800
51,676,400
51,572,900
52,156,100
25,486,100
25,436,390
25.539,500
25,453,200
48,436,607
41,632,580
121,485,100
123,879,400
123,520,100
123,932,500
123,973,200
125,010,400
125,764,700
127,030,700
128.621,703
129.849,003
130,709,900
131,136,200
130,653,600
131,387,300
131,816,000
131,972,900
131,615,700
132,125,900
•
6,681.800
25,099.400
25,373,100
25.444,300
25,584,600
25,527,600
46,277,046
42,539,78.’
42,684,813
37,395,431
33,875.440
42,131,604
40,871,375
39,183,858
42,620,701
51,573.48#
47,130,751
43,821,118
3',141,879
37.181,493
35,455,252
35,748,086
33,442,865
31,659,013
25,372,700
52,775 300 25,043,400
53,252,000 25,361,400
8.
15.
52,285,800 25.339,200
52,095,600 25,297,600
22.
51,669,400 25,045,500
29.
2,914,200
51,906,700 25,143,900
5..
5,840.800
12.
3,003.300
51,490,700 2 >,081,200
2,888,800
5,626,40)
50,948,100 2-5,128,600
Aug. 19.
2,768,100
5,627,310
51,369,100 25,0 0,400
Aug. 26.
2,731,600
5,302,300
51,904,500 25,008,200
Sept. 2.
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
Loans.
Apr. 22.
Apr. 29.
May 6.
May 13.
May 20.
May 27.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
$
1873.
58,705,684
53,101,043
53.125,807
57,741,781
57,480,893
57,106,350
57,141,428
57,380,687
57,542,325
57,104.069
56,906,372
2,023,537
2,001,690
2 082,583
July 1.
July 8.
Tuly 15.
July 21.
July 29.
Aug. 5.
Aug. 12.
Aug. 19.
Aug. 23.
57,540,336
57,701,352
57,582,408
57,836.672
57,334,189
57,506,*45
57,450,042
2.08?, 914
2,000,725
2,002.175
1,957.813
1,948,551
1,810,592
1,799,535
1,893,257
2,165,605
2,131,277
2,088,963
2,122,939
2,28 <,800
2 312,437
2,238.021
2,183,120
Sept. 2.
57,515,217
2,172,809
June
June
June
June
3.
10.
17.
24.
6,875,100
5.917,800
5,466,400
5,282,600
5,511,900
5,893,100
57,417,531
*
*
11,028,622
11,700,672
11,531,781
11,574,516
11.679.304
12,231,928
12,723.700
44,198,730
44,235,537
44,154,801
43,987,692
44,139,418
43,830,403
44,901,979
44,814,241
44,900,053
11,151,560
11,132,336
11,1-23,083
11,125,930
11,’.09,920
11,083,797
11,069,120
11,070,141
11,049,673
11,006,979
11,001,126
12,777,652
12,874,595
13,166.808
13,726.831
13,617,763
13,6iOO,496
13,413,067
13.750,039
13,729,614
13,434,151
13.610.305
13,452,892
46,127,426
11,075,562
11,118,080
11,133,391
46,502,675
11,136.613
45,561,288
45,757,350
45,497,226
13,547,323
45,806,145
11,158,5*3
11,161,372
11,150,9 55
11,191,223
44,908,901
45,647,430
45,931,792
46,419,105
40,082,238
11,053.863
29,035,168
28,521,062
30,507,610
2 .046.409
32,731,584
30,126,223
26,800,606
39,002,223
31,067,892
30,667,918
29,062,252
33,320,691
32,262,571
30,692.010
24,830,509
29,494,324
26,839,131
27,006,463
23,731,264
24;754,736
"was
248
THE CHRONICLE
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business
on
Aug. 31, 1878
fVoL. XXVII.
BOSTON, PHILADELPHIA, Etc.-Continued.
:
Bid. Ask.
SECURITIES.
8ECUBITIB8.
Bid. Ask
AVERAGE AMOUNT OP
Loans aud
Capital. Discounts.
Banks.
s
3,000,000
$
$
9,036,230 1,6( 4,000
5.2.7.800
4-9,400
7.247.300
77S,930
175.600
6,866,000
388.800
3,4:33,000
6,773.403 1,555,200
New York
Manhattan Co.... 2,< 50,000
Merchants
2.0o0,000
Mechanics’
2,000.000
Union
1,200,000
America
3,000,000
Phoenix
1,010,000
..
.
City
1,000 003
1,000,000
Tradesmen’s
Pulton
6 0,000
Chemical
300.000
Merchants’ Exch. 1,000,000
Gallatin National 1,500,000
Butchers’ & Drov.
500.(00
Mechanics’ &Tr.
600,000
Greenwich
200,000
Leather Mannf’rs
600,000
Seventh Ward..
300,000
State of N. York.
600,000
Republic
5,000,000
1,000,000
1,000,000
422,700
1.500,000
Chatham
450.000
Broadway
...
...
Mercantile
Pacific
Metropolitan.
..
.
3,472,10)
974.900
3.167.70)
334,000
203.400
768,000
'861,100
3,399,-00
1,834,t00
3.435.70)
2.843.700
1.313.300
IS 930
178,700
122,803
18.930
63.000
77,900
35,000
5.93,000
76,000
60,000
83.700
73.700
290,000
2.356.800
1.925.700
3.554.300
3.32',700
104.100
3,630 500
Importers’&Trad 1,500,000
2,000,030
10,515.600
500.000
617.600
Grocers’
300,000
North River
240.000
East River
250,000
Mannf’rs’ & Mer.
100,000
Fourth National. 3.5: 0,000
Central National. 2,000,000
Second National.
300,(00
Ninth National..
753,000
First National...
500,000
Third National.. 1,003,000
N. Y. Nat. Exch.
300,000
17,000
21,100
85,100
757,400
331,200
23,000
540,500
696.200
2,300
28,200
730.200
16.300
1,200
Park
Mech.
...
Bkg. Ass’n
.
...
Bowery National.
New York County
German Americ'n
331.200
13,244.900
7 123,000
l,993,0t'0
864.600
323,000
3.343.200
7.570.600
121,200
1,011,200
4.691.600 1,193,400
1.101.200
30,S00
1.147.300
7,000
250.000
2‘ 0,000
1,122.200
750,000
2.196.700
3,423,900
434,000
3,063,010
178,(00
927,500
2,6'2,700
580,900
614,-OO
135,000
243.000
161,000
310,400
Net
Circula¬
Deposits.
191*933
315.800
8,290,000
4.584.800
7,072,300
5,756,900
3.112.400
7.415.200
2,067,003
4.397.600
1.955.800
1.430.500
9.784.100
2.878.600
2.206.200
925,000
1,100
Specie
Legal tenders
$2,437,400
1,662,590
1,111,300
Dec.
Net
542,400
414,000
263,000
1,039,000
198,000
2,700
276,500
31,100
754,203
1.923.100
877,400
1,140,000
2,036,100
deposits
160,000'
STATE
Penna.
do
do
do
do
do
AND CITY BONDS.
$75,60C
133,100
Loans.
1878.
Mar. 23
Mar. 30
Apr.
Apr.
Apr.
Apr.
May
May
May
May
6
13
20
27
4,
11.
18,
25.
June
1,
8
15
22
29
June
Jun.
Jun.
Jun.
July 6
July 13.
July-20.
July 27.
Aug. 3.
Aug. 10
Aug. 17,
Aug. 24
Aug. 31
Specie.
series of weeks past:
L. Tenders. Deposits. Circulation.
Agg. Clear*
S
I
241.566.700
241.590,900
240.649.100
236,018,400
232.113.400
236.301.500
229.936.400
232,030,700
233,123,600
233.997.200
234,049,400
236,132,903
39.687.500
38.767.600
234.639.100
234,7(3,700
232.720.200
236.516,000
234.120.100
236.195.500
238,636,(00
238,09*;, 200
240.220.100
235.555.400
236,994,300
239.431.700
a
$
29,605,700
29.425.400
36,620.700 26,637,000
35.486.900 28.666,100
35'935,800
I
I
211.933.500
£
19.906.300
373,731,072
210,378.400
204.663.200
19.912.300
19,944,600
19,959,200
19,982,400
359,353,328
441,442,055
201.926.600
3S1,415,325
32i 186,000 202,053,400
426,ISO,360
34,933,800 200,875.000 20,021,800 419.201,399
36.435.300 199,074,000 19,998,300 439,525,545
32.585.100
30,051,900
27.469.500 38,612,000 201,038.000
23,030,200 41,020,100 199.686.100
19.827.100 44,023,900 198,985,300
17,001,200 47,248,000 199.867,900
16,801,200 47.816.400 202.271.500
17,105,2(’0 49.502.900 205.785.200
15,069,700 52.466.900 205.384.100
16.311.900 53.996.300 205.965.600
20,420,000 53.606.300 213.816.700
22,048,600 55.556.300 217.411.500
22,001,600 57.543.900 225.252.100
19,695,000 58,409,600 222.133.700
17.990.800 58,610,100 219.978.500
20.407.600 56.266.500 223.432.700
19,234,300 55.479.400 217.884.700
18.662.800 55,059,800 216,088,500
17,000,300 53.948.500 216.164.100
20,033,100 361,572,687
20,012,300 382,688,684
20.005,800 351,364,165
19,941,000 339,022,452
19.979.600 374,239,182
19.984.900 390,933,811
19.909.900 361.644.610
19,934.200
19.823.900
19.522.100
19.405.100
19,078,000
19.273.600
19,189,800
19.325.600
19.305.600
349,403.759
353,550,231
376,809,115
352,707,254
353,322,472
4:4,140,015
355,692,070
342,277,469
330,5)7,433
19,433,700 285.766.611
QUOTATIONS IN BOSTON, PHILADELPHIA AND OTHER CITIES.
SECURITIES.
Bid.
Ask.
BOSTON.
Ogdensburg & Lake Ch.8s...
....
....
5s, gold
Bewerage 7s..
Municipal 7s
do
Portland
Atch. &
do
do
do
Boston
iic% iii
..
6s
Tcpcka let m.7s.
&
land grantTs
2d 7e
land Inc. 83..
Albany 7s
do
6s
Boston & Lowell 7s
Boston & Maine 78
Boston & Lowell 6s
Boston & Providence 7s..
Burl. & Mo., land grant 7s
do
Neb. 6s
do
Neb. 8s, 1883.
Conn. & PassumpBic, 7s, 1S9
do
Kan.
City
do
Eaaterfi, Mass.,3K8,
new.
...
Colony, Ts
95
1*16%
06
107
115
lie*
112
101
ii2%
:oi%
in
26%
100
....
do
6s
106
Omaha & S. Western, 8s
113
Pueblo & Ark. Valley, 7s
100% 101%
Rutland 8s,1st mort
Verm’t C. 1st m., 76
10
Vermont & Canada, new 8s..
25
Vermont*Mass. UR.,6s
100% ibfiSfc
STOCKS.
105% 105%, Atchison & Topeka
Fitchburg KE.f
6s....
7s....
Top. & W., 7s, 1st
do
7s, Inc..
Oid
Boston & Albany
Boston & Lowel1
Boston* Maine
Boston & Providence
Burlington & Mo. In Neb
Cheshire preferred
Cin. Sandusky & Clev
aiH
62
‘2 %
108
100
72%
108%
102%
1C0
*4%
5
Concord
72
Connecticut River.
132%
Conn. & Passumpslc
45
Eastern (Mass.)
14%
Eastern (New Hampshire)...
|
Massachusetts 5s, gold...
Boston 63, currency
do
Bid. Ask.
Hartford & Erie 7s, new
Maine 6s
New Hampshire 6s
Vermont cs
Chicago
SECURITIES.
15
Fitchburg
ibo%
95
106%
100
Kan. City Top. & Western...
56%
Manchester & Lawrence
133
Nashua & Lowell
New York & New England...
’50%
25
92
50
...
5s, g’d, int.,reg. or cp.
5s, cur.,reg .... ..•
5s, new, reg., 1892-1902 111
do
do
112
1st m.
1st
m.
6s, cp., ’96. 104% 105%
104
7s, ’99
,
68,10-15, reg., lvn-932. 104% 104% Western Pena. RR. 6s,op.’.899
do
6s P.B.,’96.’
6s, 15-35, reg., 1832-’92.
CANAL BONDS.
6s, In. Plane, reg.,IS*9
Chesap. & Dela. 1st 6s, rg..’86 70
Philadelphia, 5s reg.
Delaware Division 6s,cp.,’78.
100
do
6s, old, reg
107
do 6s, n., rg., prior to ’95 114% 114% Lehigh Navlga. m., 6s, reg.,’84 305
do 6s, n.,rg.,1895* over 115
do
mort. RR., rg.,’97 104%
115%
do m. conv. g., r* g.,’94
Allegheny County 5s, coup...
92
do
mort. gold, ’97
Allegheny City 7s, retr..
92
;
do
cons.
Pittsburg 4s, coup., 1913
m.7s, rg.,1911 70
7d
do
58, reg. & cp., 1913. 80% 81% Morris, boat loan, reg., (885..
102
do
103
6s, gold, reg
Pennsylvania 6s, coup., 1910.. *59% 00%
do
7s, w’t’r ln.rg. &cr>.
Schuylk. Nav.lst m.6s,rg.,’97.
90%
65
do
do 7s, str.lmp., reg.,’33-S6*
2d m. 6s, reg., 1907. *60
65
do 6s, boat&car,rg.,13l3
N. Jersey 6s, reg. and coup...
do
do
7s, boat*car.rg.,!9.?
exempt, rg. & coup.
Camden County 6s, coup
Susquehanna 6s, coup., .9.8 .* 20
Camden City 6s, coupon
do
7s, reg. & coup.
BALTIMORE.
Delaware 6s, coupon
Harrisburg City 6s, coupon
Maryland 6s, defense, J.& J.. 108-% 109%
RAILROAD STOCKS.
do
6s, exempt, 1887
110
112%
do
&
Camden
Atlantic
22
6?, 1890, quarterly.. 100
110
do
do
do
36
5s, quarterly
pref
40
100
105
Baltimore
Catawlssa
6s,
9
iSSl, quarterly. 106
108
do
do
pref
6s, 1886, J.&J
30%
103
110
do
do
new pref..
33
6s, 1892, quarterly... 109% 110%
34
do
Delaware & Bound Brook....
6s, park, 1890, Q.—M. 109
110
do
East Pennsylvania
6s, 1893, M.& S
113
1U9
do
Elmira* Williamsport
6s,exempt,’93,M.&S. 110
115do
do
do
1900, J. & J
pref..
111
113
do
Har. P. Mt. Joy & Lancaster.
1902, J. & J
111
:12
Norfolk water, 8s
Huntingdon* Broad Top...
112
111
RAILROAD STOCKS.
do
do pref.
Par.
100 91
Lehigh Valley
88% 38% Balt.* Ohio
91%
do
Wash. Branch. 100 110
Little Schuylkill....,
43 ' 44% I
130
do
Mlnehlll
50
Parkersb’g Br. .50
49
3
1
50
Nesquehonlng Valley
46
49% Northern Central..
14% 15
Western
Norristown
-
..
...
*
‘
«...
Maryland
99
98
Northern Pacific, pref
North Pennsylvania
Central Ohio
17%
.50
50!
•
22
Pittsburg & Connell8vllle..50
40
39
1
RAILROAD BONDS.
Pennsylvania
82% 32% Balt. &
Ohio
Philadelphia* Erie
6s, 1880, J.&J.... 101
8
do
Pniladelphia & Reading
105
16% 16% N. W. Va. 3d 6s, 1885, A.*0.
Philadelphia* Trenton
m.,guar.,’85,J& J 100
Pittsb.* Connellsv.78,’98,J&J 94
Phlla.Wilming. & Baltimore.
Central 6s, ’85, J&J 105
Pittsburg Tltusv. & Buff
4% (Northern
4%
do
United N. J. Companies
6s, 1900, A.&O. 101
128% 128%
do 68, gld, 1900, J.&J, 92
West Chester consol, pref....
Cen. Ohio 6s, lstm.,’90,M.& S.
West Jersey
23
1W. Md. 6s. 1st m., gr.,’90,J.&J. 98%
CANAL STOCKS.
105
do
1st m., 1890, J. & J...
100
Chesapeake & Delaware
.
Lehigh Navigation......
do
2d m.,guar., J.&J
105
do
2d in., pref
65
do 2d m.,gr. by W.Co.J&.J 103
do 6s, 3d in., guar., J.& J.
105
Mar. & Cin. 7s, ’92, F. & A
18%
.18
Morns
do
pref
Pennsylvania
Schuylkill Navigation
do
120
124
pref...
Susquehanna
***7% “8
Allegheny Vai.,73-103,1395... 107
do
7s, E. ext.,1910 88
do
inc. 7s, end.,’94. 22
Belvidere Dela. 1 st m., 6s,1902. lb5
mort.
....+ 93
+ 103
96
105
108
102
CINCINNATI.
Cincinnati 6s
do
do
do
do
7s
7'30s
t 106
ibo%
100
..
103%
100
103
31
.
...
Little Miami 6s,’S3.
111
ill H
113%
99% 100
99
,
*83
100
Cin. Ham. & Dayton stock...
15
Columbus & Xenia stock
100
Dayton & Michigan stock....
do
8. p.e. st’k,guar
Little Miami stock
100
107% 108
15%
Cin. Ham. & D. 1st m. 7s, ’SO..
101
do
2d m. 7s, ’85..
96
97
Cin. Ham. & Ind., Ts, guar.... 31
37
Cin. & Indiana 1st m. 7s
95
97
do
2d m. 7s,’17... '70
76
Colum. & Xenia, 1st m. 7s, ’90 104
106
Dayton & Mich. 1st m. 7s, ’81. 100% 100%
do
2d m.Ts,’84.
96
98
do
3d m. Ts, ’88.
90
92
Dayton & West. 1st m., ’81.. .f 100
do
1st m., 1905
h7
*90
do
lstm.Ps, 1905 x78
80
Ind. Cin. & Laf. 1st ra. 7s.
do
(I.&C.) 1st m.Ts,’88 6*2*
Connecting 6s, 1900-1904
26
ICO
South. RR. 7-30s.fi 101%
do
6s, gold.t 86
87%
Hamilton Co., O., 6s. long., .t 95
do
7s, lto 5,yrs..f 100% ioo‘%
do
7 & 7*30s, long.f 104
108
Cln.& Cov. Bridge st’k, pref.
70
..
Harrisburg 1st mort. 6s, ’83...
H. * B. T. 1st m. 7s, gold, ’90.
do
2d m. 7s, gold, ’95.
do
3d m.cons. 7e,’95*.
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 6s, ’82
do
2d mort. 6s, 1900
L. Sup. * Miss., 1st in., 7s, g*
Lehigh Valley, lst,6s, cp., 189S
do
do reg., 1893...
do 21 m.,7s, reg., 1910..
do
con. m., 6s,rg.,1923
do
do
6s/ p.,19.3
Little Schuylkill, 1st m. 7s’82
North. Penn. 1st m, 6s, cp., 85.
do
2d in. 7s, cp., ’96.
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 1903
Oil Creek 1st m. 7s, coup.,’82.
flush. Tltusv. * B., 7s, cp.,’96
92%
100
110
104
110
TO
106
no83
32
14
95
15
People’s Gas
24
Cam. & Atl. 1st m. 7s, g., 1903 114
117
do
2d m., 78, cur.,’80 104
Cam. & Burlington Co. 6s,’97.
97%
Catawissa 1st, 7s, conv., ’82...
do
chat, m., 10s, ’88
do
new 7s 1890
1U0
Dan. H.& Wilks., 1st.,7s, ’37.*
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s, 1905
East Penn. 1st mort. 7s, ’88
E1.& W’msport, l&t m., 7s, ’80.
do
5s,perp
.......
Baltimore Gas certificates...
109*%!
6s,’89
104
108
105
95
107
115
MISCELLANEOUS.
309
do
2dm. 6s. ’85.. 100
100%
do
3dm. 6s,’37.. 95
98
Camden &Amboy 6s,coup,’83 103%
do
6s, coup., ’89
do
5
22
5
8‘2%
2d, M. & N
80%
8s, 3d, J.&J
13%
1st, guar., J. & J...
Canton endorsed.
102% 105
...
do
do
Union RR.
do"
RAILROAD BOND8.
The following are the totals for
86%
94%
Union* Tltusv. 1st m. 7s, ’90. 35
United N. J. cone. m. 6s, ’94..
Warren & F. 1st m.Ts, ’95
West Chester cons. 7s,’91.
112
West Jersey 6s, deb., coup.,’83
PHILADELPHIA.
Delaware Division
Inc..
Iuc..
Circulation
Worcester* Nashua
226,403
?6lj8C0
85
•
168,0,0
124,000
64,625,230 2-39,131,703 17,030,300 53,948,500 216,164,100 19,436,703
The deviations from returns of previous week are as follows
:
Inc.
...Dec.
...
7,500
95,000
Total
Loans
Phll.&R.C.&I deb. 7s, cps.off
do scrip, 1882
egdensb. & L. Champlain
25%
do mort., 7s, 1892-3..86
87
do
Phila.
pref..
Wllm. & B*lt. 6s, ’84...
103
Old Colony
•
103% Pitts. Cin. A St. Louis 78,1900
Portland Saco & Portsmouth 85
Shamokin V.& Pottsv. 7s, 1901
40
Pueblo & Arkansas
42
Stcubenv. & Ind. 1st, 6s. i884.
Rutland, preferred
Stony Creek 1st m. 7s i9J7....
113 r,
Vermont & Massachusetts.;
Sunbury & Erie 1st m. 7s, ’97..
$
40,000
819,930
2,086,400
290,700
450,000
1.573.500
747.800 2.843.800
387,003
266,203 1,243,603
5,400
209,(0)
1.409.700
1.136.500 4.776.100
447.500
477.100
79,400
1.967.100
2,0; 8,000 10,084.003 2,233,000
312.500
1.499.700
247,003
207.600
1.855.700
3,900
564.100 1,697,000
252.000
192,400
855,800
496,000
328,000 2,459,300
667,300
217,003
4.700
1.927,000
655,000 2.652.500
769,600
156.00)
1,079 630
368,00)
1.805.400
343,000
4,538,400 18.865.400 1,107,900
2.660.700 11,907.900
540,000
81.400
435,600
299,500
100.703
426.500
119.600
716,200
115,200
549,300
99,(00
88.500
364,030
2,626,100 11.690.400 1,04*9*533
1,419.000
5,537,000 1,385,000
459,000
1.9)6.000
24 5,0 J0
S82.900
3.325.400
520,600
2.442.500 10,392,300
45,000
2.703.700
800,000
6.920.600
171.500
270.000
729,700
211.000
765.500
225,00-3
315.000
Northern of New Hampshire 91
Norwich & Worcester
128%
tion.
$
86,600
203.000
188.600
305,503
45,000
1.734,000
765,0)0 l,370j00Q 8,448,000
197,000
851,700 2,754.600 12,668,700 1,7S4,403
25.300
812,200 3.303,80)
893,20J
101.1C0
648.500
3,0(8,600
179,300
1.894.900
12,202,0. .0
18,193. *00
4.781.900
1.927.600
13,053,000
1.509.400
2.151.600
403,000
1,767,900
1,552,200
1,209.500
12,4r*0
427.700
1.289.300
2,030,000
16,472,700
Marine
1,648,200
94,000
21,030
1,717,000
5.175.800
1,030,000
1.000,000
St. Nicholas
1,000,000
Shoe and Leather 1,000,00)
Corn Exchange.. 1,000,000
Continental
1,250,000
Oriental
303,000
$
750,3)0
193.700
1.6.400
2.207,100
500,000
3,000,000
600,000
Citizens’
Nassau.
Market
273,000
1,291,000
1,419,(00
832,100
People’s
412,500
North America'.
?C0,000
Hanover
1,( 03,000
Irving
2,154,000
1.246.600
9,(i58,‘. 00
3.495.400
3,950,-00
American Exch.. 5,000,000
Commerce
Le<*ai
Specie. Tenders.
8*8*
*1*5%
*25
88%
x90
LOUISVILLE.
Louisville 7s
f 100
101%
do
6s,’82 to ’87
t 95
i05%
96
do
6s,’97 to’98
f 95
96
105%
do
water 6s,’87 to ’89 + 95
*85
77
96
water
do
stock 6s,’97.+ 95
30
35
96
do
do
wharf 68
t 95
scrip....
86
Pa.&N.Y.C.* RR.Ts, ’96-1906. 114
do
95
spec’l tax 6s of ’89. +
96
iLoulsvllle Water 6s, Co. 1907 + 101%
Pennsylv., 1st m., 6s, cp., '80.. 104% 105
101%
do
gen. m. 68, cp., 1910. 107
107% Jeff. M.&I.lst m. (I&M) Ts.’Slt
do
do
gen. in. 6s, rg., 1910. 10H%
2dm., 7s
*86%
do
cons. m. 6s, rg., 1905.
do
1st m. ,7s, 1906
95
f 106% 107
do
cons. m. 6s. cp., 1905.
Loulsv.C.&Lex.
1st
in. 7s,’97.
95
*85% ex
do
past-due coupons
Navy Yard 6s, rg,’81
+ 103% 103%
Perklomen 1st m. 6s, coup.,’s7
Louis.* Fr’k.,Louisv.ln,63,’8!
100
Phila. & Erie 1st in.6s, cp.,’8i. 104%
Louisv. & Nashville—
do
2d m. 78,cp.,’S8. 100% 101
Leb. Br. 6s, ’86
f 95% 97
Phila. & Read. 1st m. 6s, ’43-’44. 104
1st m. Leb. Br. Ex.,7s,’80-85.+ 95% 97
104%
do
do
do
Lou.In.
’48-.49.
6s, ’93...+ 95% 97
do
2d m., 7s, cp.,’93 112%
Consol. 1st m. 7s, ’98
106
106%
do
Jefferson Mad. * Ind. stock.
deben., cp., ’93*
do
do
Louisville* Nashville stock. "33*
"40
cps. off.
33%
do
scrip, 1882
53
60
ST. LOUIS.
do
J.n. m.Ts, cp,lS96
St. Louis 6s, long
+ 102% 103%
do cons. m. 7s, cp.,191!.. i02
103 j
do
water 6s, gold
f1103% 104%
do cons. m. 7s, rg.,1911.. 102%: 103
do
do
do
new.f 103% 1C4M
do cons.m.6s,g.l.i91i
do
bridge appr., g.6s + 103% 104%
do conv. Ts, 1893*-.
63
67
do
renewal, gold, 6s.+ 163% 104%
do
7s, coup, off,’93
ao
39
sewer, g. 6s, ’9;-2-3.+ i 103% 104%
do scrip, 18S2
St. Louis Co. new park, g.6s.+| 103% 104%
Phila.* Read. C.& I. deb. 78,92
do
cur. 7b
+1105
107%
114
105
ii*3%
*
In default of Interest.
+ And Interest.
September 7,
THE CHRONICLE.
1878.]
249
QUOTATIONS OF STOCKS AND BONDS IN NEW
TJ. S. Bonds and active Railroad Stocks are quotei on a previous page.
STATE
Ask.
Bid.
SXOUBinXS.
Alaoama 5s,1683
do
5s, 1886
do
8s, 1886
do
8s. 1888
do
8s, M. A E. RR..
do
8s, Ala. A Ch.R.
do,
8s of 1892
do
8s of 1893.
Arkansas 6s .funded.....
do ?t>, L. R. & Ft. S. Isb
do 7a Memphis & L.R.
do 7s, L. R. P. B. & N.O
do 7s, Miss. O. & R. R.
do 7s, Ark. Cent. RR...
Connecticut 6s
6s, new
6s, new float’g debt.
7s, Penitentiary....,
6s, levee
8s, do
88, do 1875
do
8s, of 1910
do
7s, consolidated
do
7s, small
Michigan 6s, 1878-79
do
6s, 1883
do
78, 1890
Missouri 6s, due 1878
do
do
do
do
do
do
•
t
.
♦ ^ *
„
12
9
t
....
f
....
♦
-
*
«
■
...
.
107
100
.
.
t
do
do
do
do
do
101
107^ 108%
ioa%
...
109
107
101
102%
Asylum
1886.,
do
1837..
RAILROAD
82
!
"82^
81
112
31*{
.
32%
82
Col. Chic. A I. Cent
Dubuque A Sioux City
Erie pref
102% 102%
do
Long Island
3.
••••
!
157*
....
14
Ohio & Mississippi, pref
Pitts. Ft. W. A Cn., guar.
do
do
special
Rensselaer & Saratoga .
Rome Watertown & Og.
98
90fc
80
.
.
....
"2%
7
do
••*
127
.
Atlantic A Pac. Tel
Am. District Telegraph..
Canton Co., Baltimore...
American Coal
mq,/
88%
22
18*
'20
17
20
do
equipment bonds.
Jersey Southern 1st m. 7s
New
N. Y. Central 6s, 1883
.::* *
do
6s, 1887
do
6s, real estate...
do
6s, subscription
154
do A Hudson, 1st m., coup
1st m., rei
do
do
*2
Hudson R. 7s, 2d m., s.f., 1885
Canada South., 1st guar
'39%
Harlem, 1st mort. 7s, coup...
do
do
7s, reg...
North Missouri, 1st mort
Ohio A Miss., consol, sink. fd.
25% 27
do
consolidated....
24% 24%
do
2d do
69% 0y%
pref
Ontario Silver Mining....
Railroad Bonds.
111
guar.
.
do
28
114% 115%
do
Income 1106
Joliet & Chicago,1st m. 1106
09% ioo
107% 109%
111% 112%
113% 113%
192%
1108%
108%
do
consol, a
do
5s sink, f
Jh.Ek.I.&P. ,s.f ,inc.6s
6s, 1917, coupon
*
-
Pacific R. of Mo., 1st mort...
do
2d mort....,
do
do
m
190
do
essemted.
do conv...
do
assented.
;
do
*69
'09%
W.B.con.guar
do
k &
do
Am.
do
72%
00
assented,
....
49%
....
Imp. bond
58
bssented
145
do
mort.. <s, 1907
Syr. Bingh. A N.Y. let,7s
Morris A Essex, 1st. m..
do
do
do
do
do
tios
103%
....
2d mort..
bonds, 1900.
...
•
•
•
7s, of 1871
do 1891
1st extended,
coup. 7s.
reg. 7s,
1894
1894
Albany A Sosq. ist bds.
do
do
2d do
3d do
4n lat cons, gua*
Bens. A Saratoga. 1st cp
•
102
106%
99%
«...
99
103
91
•
.
•
....
100
107
100
j
Cleve. A Pitts., consol.. s.f..
do
4th mort....
Col. Chic. A Ind. C., 1st mort
do
do
2d mort
•
....
1
99% £
105
•
.
....
.
.
do
do
do
do
.
•
103%
11)4
104
....
119
105
.
•
•
•
1*0*2%
102%
102%
L10
.03
....1
...
ii*5*
Ice nominal.
do
do
do
do
2d m..
63
30
95
W. D.
Bur. Dlv.
2d mort..
consol. 7b
101
80
ex coupon
Istm.St.L. dlv.
ex-matured coup....
.
...
2d mort
do
Ex & Nov.,’77, coup.
equlp’t bonds
do
con.
convert
do Ex. Aug.,’78,& prev’s
Great Western, 1st m., 1888..
ex coupon
do
do
2d mort.,’93
do Ex A Nov.,’77,coup.
Quincy A Toledo, 1st m., ’90..
do ex mat. A Nov.,’77,con.
Illinois A So. Iowa, 1st mort
do
ex coupon
Han. A Cent. Missouri, 1st m
Pekin Llnc’ln A Dec’t’r.lst m
178
176
104
1105
t....
Newark City 7s long
1107
do
Water fs, long.... 1110
104
112
Boston A N. Y. Air Line. 1st m
Bur. A Mo. Riv., land m. 7s....
do
convert. 8s. var. ber.
Cairo A Fulton, 1st 7s, gold...
California Pac. RR., 7s, gold
105
U8
do
6s,
Central of Iowa lstm.
Keokuk A St. Paul 8s
2am.
7s,gold.
.
Sulncy A Warsaw 8s
99%
5*
•
3
«
.
Chic. A Can.South lstm. g. 7s.
Chic. A East. Ill. 1st mort., 6s.
do
.2d m. Inc. 7s.
Chic A Mien. L. Sh. 1st 8s. ’89.
Ch.St.P. A Mlnneap., 6s,g.,new
*
111*
ioo*
45
40
103,
101% 112
112*
1113% 114%
71*. 73%
97
83
37
1100^
435
Dixon Peoria A Han. 8s..
O. O. A Fox R. Valley 8s.
1101*
100
86
40
101
195
62
40
91
65
.
.
85
63
...
68
Michigan Air Line 8s, 1890
Montclair A G. L.ist Ts, (new).
96
do 2dm. Vs (old m., lstsl...
Mo. K.& Tex. 1st 7s, g., 1904-’06
do
2d m. income
N. J. Midland 1st 7s, gold
30
N. Y. Elevated RR., 1st m
N. Y. A Osw. Mid. 1st.
do recelv’s ctfs. (labor)
ioi%
do
do
(other)
75% Omaha A Southwestern RR. ds
90
Oswego A Rome 7s, gnar .....
74
Peoria Pekin A J. 1st mort
Pullman
Palace Car Co. stock.
11%
MH
101
*67%
*72
t And accrued interest.
Long Island RR., 1st mort.
Louisv. A Nashv. cons. m. 7s.
do
2dm.. 7s, g..
102
86
68
do
bds., 8s, 4th series
St. L. A I. Mt. (Ark. Br.) 7s, g.
St. L. A San F., 2d m., class A.
do
do
class B.
do
do
class C.
St.L.&So’eaat. cons.7s,gold,’94
St. Louis Vandalia A T. H. 1st.
74
do
2d,
guar
Sandusky Mans. A Newark 7s.
Sonth
90
Side, L. 1., 1st m. bonds.
sink. fund...
Southern Minn. 1st mort. 8s...
do
87
+105
£0
3
33
83
33
*25
25
25
72%
54%
99
42
42
71
46
100
80
65
44
74
48
101
82
75
104
1102
1110
t!12
U1
1101
102
97
102
90
97
52
70
99
104
101
60
67
Angusta, Ga., 7s. bonds...
6s
Charleston, 8. C., 7s, F. L.
Columbus, Ga., 7s, bonds.
Lynchburg 6s
Macon bonds, 7s
Memphis bonds C
115
100
54
80
90
Bonds A and B
05
25
20
Endorsed,M. A C. RR..
25
Mobile 5s (coups, on)
8s (coupons on)
6s, funded
Montgomery, new 5s
97
75
85
35
30
38
20
20
35
75
75
20
30
33
50
40
00
90
31
35
86
jj 0 W 3s
Nashville 6s, old. i
prem. 5s
Consolidated 6s....,
Railroad, 6s
Wharf improvem’ts, 7-30
Norfolk 6s
75
ioo*
91
55
8*
45
68%
82
78
104
45
53
90
06
88
Savannah7s, old....,
W
ilm’ton,N.c!,68,g. >* coup
8s, gold
J on.
RAILROADS.
Ala. A Chatt.lst m. 8s,end
Receiver’s Cert’s (var’s)
Atlantic A Gulf, consol...
Consol., end.by Savan’h
Carolina Cent. 1st m. 6s,g.
Cent. Georgia consol.m. 7s
Stock
Charlotte Col. A A. 1st 7s.
Cheraw & Darlington 8s..
East Tenn. A Georgia 6s..
E. Tenn.&Va. 6s.end.Tenn
E. Tenn. Va. A Ga. 1st. 7s.
Stock
Georgia RR. 7s
6s
btock
Greenville A Col. 7s, 1st m.
7s, guar....
Macon A Angusta bonds..
2d endorsed
Stock....,
Memphis A Cha’ston 1st 7s
92
85
84
73
65
00
To
91
104%
100%
2d fs
Stock...
Memph. A Little Rock 1st
Mississippi Cent. 1st m. 7s
2d mort. Ss
2d mort., ex coupons....
Miss. & Tenn. 1st m. 8s, A.
1st mort., 8s, B
Mobile A Ohio sterling 8s
Sterling ex cert. 6s
8s, Interest
2d mort. 8s
*.•••«
N. O. A Jacks. 1st m. 8s..
•
i04
70
Certificate, 2d mort. 8s.
Nashville Chat. * St. L. 7s
106%
Nashville A Decatur 1st 7s
Norfolk & Petersb.lst m^s
1st mort. 7s
2d mort. 8s
90
105%
42
0
39%
9
25
22
86%
4%
27
25
20
113 114
>
Northeast., S.C., 1st m. 8s.
2d mort. 8s
Orange AAlex’drla, lats,68
.
J8,68.
3ds,8s
4ths, 8s
Rlchm’d A Petersb.lst 7s.
Rich. Fred. A Potomac 6s.
mort. 7s
Rich.* Danv. 1st consoles
Southwest.,Ga ,conv.7s,'88
86
Southwestern, Ga., stock.
*20
S. Carolina RR. 1st m. 7s..
71
7s, 1902
91%
7s, non mort
«2% 67%
Savannah
A Char.1st m. 7s
52
48
Cha’ston A Sav. 6s, end.
24
26%
West Ala., 1st mort. 8s....
20
2d m. 8s, guar
85*
25
PAST DUE COUPONS
104
99
62% 72% Tennessee State coupons..
05
South Carolina consol
85
Virginia coupons
90
Consol, coup
32
90
85
Memphis City coupons....
93
40
73
93
INo price to-day; these aie latest quotations
made this week.
67*
65%
56
95
95
08
8s
100
70
6%
5%|
78%j 79
........
67% Richmond 6s
23
56
29
Petersburg 6s
100
106
38% 34 V
32
6s, new
101% New
Orleans
+110% 111
t!10% 111%
110% 111%
66
20
65
19
2%
...
Waterworks
112% Charleston stock
1100%
-
......
llnofs Grand Trunk
74% Chicago A Iowa R. 8s....
104
g.
....
Carthage & Bur. 8s
..
80
40
40
32
8s
tioo% 101%,
RAILROADS.
Atchison A P. Peak, 6s, gold..
105*
1
do
do
do
do
do
+ 110
..
1
108
.
ib'3%
2d mort.,pref..
2d mort. lnc’me
Belleville A S. Ill.E. 1st m. 8s
.t#t
Works 7s.
do
do
1. gr., 6s, g
Chic. A S’thwestern 7s, guar..
Cln. Lafayette A Chic., 1st m..
Col. A Hock V. 1st 7s, 39 years
105% 106
102%
do
1st 7s, 10 years,
98
93
92%»
do
2d 7s, 20 years..
90
92
Connecticut Valley 7s
50
90% Connecticut Western lst7s....
19%
Dan. Urb. Bl. A P. 1st m. 7s, g.
ioo
33%
42
Denver Pac., 1st m.7s, ld.gr.,g.
Denver & Rio Grande 7s, gold.
67
105% 106
Detroit A Bay City 8s, end..... *t70
105% 106
99
99% 100% Erie A Pittsburgh let 7s.
do
con.
102% 102%
m., 7s..
do
99
7s, equip...
99%
Evansville A Crawfordsv., 7s.. 100
40
Evansville Hen. A Nashv. 7s...
48
84
85
Evansville, T. H. A Chic. 7s. g.
Flint A Pere M. 8s,Land grant.
*84
Fort W., Jackson A Sag. 8s,' 89
Grand Ii.& Ind. 1st 7s, l.g., gu. *04*
do
ist 7s, 1. g., notgu.
98
84%
50
do
1st ex 1. g.iS.
Grand River Valley ?s, l st m.. t»9%
60
Houston A Gt. North. 1st 7s, g.
60
86
68% 69% Hous.& Texas C. 1st7s, gold..
73
do
West, dly
do
78
73
Waco
:o
do
consol, bds..
«8%
60
10
Indianapolis A St. Louis 1st 7s
84
Indlanap. A Vincen. 1st 7s, gr..
60
118
International {.Texas) 1st g
120
lnt. H. A G. N. conv. 8s....
1115
Iowa Falls A Sioux C. 1st 7s... t89
Jackson Lans. A Sag. 8s,lstm. +104
93
105% 106% Kal. Allegan. A G. R. 8s, gr...
44% 45% Kalamazoo A South H. 8s, gr.. t75
12
16
Kansas City & Cameron 10s... tl02
73
Keokuk A Des Moines 1st 7s...
30% 33
104
do
funded lnt. 8s
SO
05%
do
do
•
•
do
do
7s, long
Cleveland
Detroit Water
tl08
U08
1108
f!08
1110
Rochester C. Water bds.. 1903. till
Toledo 8s. water, 1894-’94
1105
Toledo 7-308
198
Yonkers Water, due 1903
109
65
g
115
L02
ioi%
Pitts. Ft. W. A Chic., lstm..
do
2d m..
do
do
do
3d m..
107%
86*
101%
]
»3%.
....
•
Del.&Hud.Canal, 1st m.,v84
do
do
do
do
•
.
construct’n
1st con. gnar.
♦
110
117
do
2d m. 7 840. d
103%
1st 7s, fg.,K.
do
101
do
106
lstm., LaC.J
do
lstm.,I.&M.
99%
do
lstm.,I. &D.
07%
do
1st m.,H. & D
97%
lstm.. C. &M. 102%
do
do
consol.slnk.fd
93%
do
2d m
99%
Chic. A N. West. sink, fd
106
do
lnt. bonds, 106
do
consol, bde 110%
do
ext’nbds.. 1105
106
do
1st mort.
do
cp.gld.bds.
99%
do
reg. do
99.,
4Iowa Midland, 1st m. 8s
Galena & Chicago Ext
.104%
Peninsula. 1st m., conv. 4Chic. A Mllw., 1st mort. 107
Winona A St. P.. 1st m.. 100
do
2d mort.
80%
C.C.C.&Ind’s1st m.7s,SF. 107
do
consol, m. bds
84%
Del. Lack. A West., 2d m
do
7s, conv.
-
-
Income, 7s.
IstCaron’tB
South Pac. of Mo., 1st m...
Kansas Pac., 1st m. 6s, 1895..
do
with coup. cifs.
do 1st m., 6s, 1396
do
with coup.ctfs.....
do 1st, 7s, Leaven, br.,’96
do
with coup ctfs
do lst,7s,R.&L.G.D’d.’99
do
with coup. ctfs..
do 1st m., 7s, I’d gr., ’80.
do
with coup. ctfs...
do Inc. cp.No. lion 1916
do Inc. cp. No. 16 on 1916
....
....
Spring, dlv..
Sinking f and...
do
•
....
68,1917, regist’d
1st
Pacific Railroads—
Central Pacific gold bonds..
do San Joaquin branch
do Cal. A Oregon 1st. .
do State Aid bonds
do Land Grant bonds..
Western Pacific bonds
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’de
do
Land grants, 7s.
28%
...
Chicago & Alton 1st mort
LehJ
120
120
103
99
99
.
27
South’ll Securities.
(Brokers' Quotations.)
STATES.
Alabama new consols, A..
B, 5s
106%
108% Georgia 6s, 1878-’89
106% S. Carolina con. 6s
(good).
109
Rejected (best sort)...
111
Texas 6s, 1892
M.&S.
80
7s, gold, 1892-1910.. J.&J.
80
7s,
gold.
1904
J.&J.
107
10s, pension, 1894.. J.&J.
CITIES.
96%
Atlanta, Ga., 7s
106
103
109
111
tioo^ 101
7s, water
7s, river lmprovem’t
April A Oct
Funding act, 1866
Southern Mi-.n., 7s, 1st.
Tol. Can. S. &Det. 1st 7s, g
Union A Logansport 7s...
Un. Pacific, So. Br.,6s, g..
109% 110
Ask.
110
44
27
17%
17% Tennessee 6s, old
do
6s, new
do
6s, new series..
Virginia 6s, old
68, new bonds, 1S66
6s,
do
1867
10
6s, consol, bonds
10
6s, ex matured coup
10
68, consol., 2d series
6s, deferred bonds
3
D. of Columbia 3'65s, 1924.
do
small
2%
do
registered
109%)...
be;
loT
Land C., 1889, J. A J
Land C.. 1889, A. & O....
7s of 1888
Non-fundable bonds
BONDS.
AND
Oswego 7s
111% Poughkeepsie Water
117%
110%
74%
....
North., 1st 5s.
MInn.fc St.L.,lst 7s gua. 187
Chess. A Ohio 6s, 1st m.. ‘127%
do
ex cour 1
do
do
do
do
104’
10'
117
...
' do
STOCKS
Long Island City
103%
105% 106
107%
...
Mariposa L. & M. Co
104
Indianapolis 7-30s
'20
a*5%
Spring Mountain Coal...
...
Elizabeth City, 1880-1905
do
1885-93
Hartford 6s, various
si*
*
Maryland Coal
Pennsylvania Coal
do
Bur. C. R &
130
2
Class 2
Class 3
CITIES.
do
do
...
St. L. I. Mt. & Southern...
f
8t.L. K. C. A North
Ind’
Terre Haute & lnd’pc
United N.J. R &(L.
0%
8%
Albany, N. Y., 6s, long
lio
Buffalo Water, long
104% 105% Chicago 6s, long dates
98% 98%
do
Ts, sewerage
HJLIK
1
.
9
1868
Miscellaneous List.
CBrokers' Quotations.)
i08%
107
150
do
2d mort...
do
Lake Shore—
Mich S. A N. Ind.. S.F., 7 p.c 1110
Cleve. A Tol. sinking fund.. 1109
do
new bonds.
Cleve. F’ville A Ash., old bds 102%
110
new bds
do
do
Buffalo A Erie, new bonds...
Buffalo A State Line 7s...
1102
Kalamazoo & W. Pigeon, 1st 198
105
Det. Mon. A Tol..lst 7s, 1906.
Lake Shore Dlv. bonds
do
Cons. coup.. 1st.
111
do
Cons, reg., 1st.
do
Cons, coup., 2d.. 1103%
do
Cons, reg.,2d.... 103%
181
Marietta A Cln. 1st mort....
Mlcb. Cent., consol. 76,1902.
do
1st m. 8s. i882, s.f.
• • •
.
.
9
Western Union Tel., 19tX),cp...
do
do
reg..
105% 105%
105%
Indlanap. Bl. A W., 1st mort..
0
Kansas Pacific
S*
Ohio 6s, 1881
115
103
do
do
2d div.
Cedar F. A Minn., 1st mort.
139
Chicago.
do
do
Dubuque A Sioux City,1st m
Harlem
71
71
New bonds, J. & J
do
A. & O...
MISCELLANEOUS
AND
ig*
Special tax, Class 1
102% 104
102%: 10 4
...
C. .
..
do
103
104
Illinois Central—
67
...
.
.
do
do
1891
do
1892
6s, do
do
.1893
6s, do
Horth Carolina—
58, old. J. & J
do
A. & O
N. C. RR
J. & J
do
..A.& O
do coup, off, J. & J
do
do
off, A. & O
funding act, :866...
102 *
Bid.
Ohio 6s, 1886
Riode Island 68, cp., ’93-4
South Carolina 6s...
Jan. A July
..
100% 101%
,
Cleve.Col. Cin.&I..
do
104
Saratoga, 1st reg...
Ene, 1st mort., extended
do
2d
do
7s, 1879
do
do
Sd
7s, 1883
do
4th do
7s, 1830
do
5th do
7s, 1888
do
7s, cons., mort., g’d bds.
do Long Dock bonds.
Buff. N. Y. & E, 1st. m., 1916..
Han. A St. Jo., 8s, conv-mort
■
....
Joliet &
101%
par may
SECURITIES.
.
25
73
70
Kens. A
Kaliroad Stocks.
fActive previ'usly quot'd )
Albany A Susquehanna.
Chicago & Alton. ..
do
pref.
6s
7*2 %
.....
Ask.
6s, gold, reg....1887
6s, do coup.. J887....,
68, do loan...1883
101%
102%
10*%
Han. & St. Jos.,due 1886..
do
do 1837
.
..
Bid.
8ROUBITIB8.
New York State—
«s, Canal Loan, 1878
DO
50
do
1883.
1389 or ’9)....
do
or Un.,due 1892
Funding, due 1834-5...
101%
101%
...
do
Ask.
50
1882 or’83,
do
mine, whatever the
per cent
BONOS.
50
50
50
50
Louisiana 6s.
Georgia 6s
do
7s, new bonds....
do
7s, endorsed.
do
7s,gold bonds...
Illinois 6s, coupon, 1879...
do
Warloan..
Kentucky 6s
Central Pacific
Bid.
SECURITIES.
Prices represent the
YORK.
ioo%
60
106
101
58
65
65
*75
'85*
7
20
86
9
60
*25
00%
40
35
104% 100%
50
71
105
55
85
85
88
90
mi 100%
40
1C4
107
70
75
90
'83
36-
'95
97
*99
100%
75
5
34
10C
100
81
106
75
58
58
45
15
100
100
100
99
100
94
92
105
83
6%
40
102
85
110
82
60
60
50
20
110
103
100%
101^
90%
85
70
35
10
05
98
100
70
100
75
80
23
90
75
40
75
101
'85
30
**
5
80
104
103
15
lO
40
108%
1C8
25
40
20
78
30
80
40
250
THE CHRONICLE
NEW YORK
LOCAL
Bank Stock List.
Companies.
Capital.
Dividends.
Surplus
latest
dates. §
Amount
America*
100 3,000,000
Exchange. 100 5,000,000
100
Bowery
250,000
Broad war
25 1,000,000
Butchers'* Dr. 25 500,000
Central..
100 2,000,000
Chase
100
300,000
Chatham
25
450,000
Chemical
100
300,000
Citizens’
25
600,000
100 1,000,000
City
Commerce
100 5,000,000
Continental.... 100 1,250,000
Corn Exch’ge*. 100 1,000,000
East River
25
250,000
11th Ward*.... 25
100,000
Fifth
100
150,000
Fifth Avenue*. 100
100,000
First
100
500,000
Fourth
100 3,500,000
Fulton
30
600,000
Gallatin
50 1,500,000
German Am.*. 100
750,000
German Exch.* 100
200,000
1.525.700 J. & J.
1,2*5,600 M.&N.
Am.
....
Price.
Germania*
Grand Central*
Grocers*
Hanover
.
Imp.* Traders’
Irving
Island City*...
Leather Manuf.
184,400 .J. & J.
1.100.700 .1. & J.
38,600 J & «l
305.800 J. & J.
17,000
Manuf. &Mer.*
Marine
Market
156,000
3,100,500
150.800
1.564.300
2.723.300
297,100
8
J. & J.
M.&N.
634
•
•
•
10
634
.
.
.
4
3
5
8
4
.
10
.
100 3,000,000
100!
100,000
..
..
Nassau*
100 1,000,090
New York
100 3,000,
'
N. Y. County.. 100
i 200,000
N. Y. N. Exch.
300,000
Ninth
750,000
No. America*..
700,000
North River*.
3*4
5
10
240,000
300,000
422,700
Park
100 2,000,000
Peoples’*
251 412,500
Phenix
20 1,000,000
Produce*
100
200,000
Republic
100 1,500,00
8t. Nicholas
100
Seventh Ward. 100 1,000,000
300,000
Second
100
300,000
Shoe & Leather 100
1,000,000
Sixth
100
200,000
State of N. Y.. 100
800,000
Third
J. & J.
M.&.N.
nil.
J. & J.
309,400 J. & J.
M.&N.
J. & J.
100,1,000,000
40,1,000,000
1,200,000
200,000
liguico in iiiid euiurnn
are
date Jane 22d for the
State banks.
oi
•
•
•
634
6
10
4
6
7
•
•
•
6
12
12
10
10
7
*
.
8
0
12
11
8
8
10
9
8
• •
.
-
7
4
200
125
5
aaie uune zatn ior me
126
50
2*4
334
#
125
r
T
Par.
Brooklyn Gas Light Co
Citizens’ Gas Co (Bklyn) ....!..
do
aertificates
„
Harlem
Jersey City & Hoboken
Manhattan
Metropolitan
do
certificates
!. .!
..!,
Mutual, N. Y
do
bonds
Nassau. Brooklyn
do
scrip
New York
do
do
bonds
do
do
certificates.
Central of New York
Williamsburg
do
25
20
1,C00
50
20
50
100
V r.
100
1 jOOO
25
Va
100
10
.
People’s (Brooklyn)
scrip
1,000
Var.
50
50
Var.
Metropolitan, Brooklyn
Municipal....
Amount. Period.
..
75
75*4
74
100
t
*
* * «
t
* e a
91
su
~83
3
2k
t
r
t
107
112
33*
100
140
...
.National bi
100
100
2,000,000
1,200,000
Var.
Var.
320,000
1,850 000
38-1,000
4,000,000
2,500,000
1,000,000
A. & O.
GO
Date.
M
5
3
Bid.
*
Apr
,
3k Apr.,
Feb.,
7)4 July,
5
June,
’78
’78
’78
’78
5
Aug.,’78
3* Aug., ’78
F.&A.
J. & J.
J. & J.
3
M.& S.
M.& S.
Ask
’78 147
July, ’78
158
80
100
80
160
200
135
104
76
102
70
97
95
40
x73
95
70
150
187*4
130
103
72
95
72
93
90
30
90
75
5,000,000 Quar.
Ik July,’78
1,000,000 F.& A. 334g Aug., ’78
1,000,000 Var.
3
July ,’78
700,000 M.&N. 334 May, ’78
4,000,000 M.&N. 4
May, ’78
1,000.000 J. & J. 3k JaD., ’76
325,000 M.&N. 3*4
300,000 J. & J. 3*4 July, ’78
466,000 F.& A. 3*4 Feb.,’78
1,000,000 Quar.
Ik Juiy, ’78 80
1,000,000 J. & J. 3*4 Ju.y, ’78 96
1,000,000 M. &N. 2k May, ’?& 60
1,500,000
95
96*4
90
85
90
100
07
98
[Quotations by H. L. Grant,
Broker, 145 Broadway.]
lortgage
way A Seventh
i
Broadway
Ave—stk..
1st mortgage
Brooklyn OUy—stock
1st
mortgage
Broadway (Brooklyn)— stock...
Brooklyn A Hunter's Pt—stock.
1st
mortgage bonds
100
1 jOOO
100
100
100
1,000
100
ferry—stock
Central Cross lown-slock.
1st mortgage
Houston, West st. A Pav.Ey—stk
1st mortgage
...
Second Avenue—stock
3d mortgage
Cons. Convertible
Extension
Sixth Arenac- stock
1st
mortgage
Third Avenue—stock
1st mortgage.
j-ihira Si
7 f cento-third
Street—block.
1st mortgage
1,000
100
1,000
100
1,000
’
100
500
100
1,000
-
200,000
Q— J.
400,000| a. &0.
300,0001 J. & J.
<soo
100
100
7
3
7
1.800,000; J. & J.
1.200,000! J. & D.
1,200/XX)i Q-F.
900,000; J. & D
3
7
2
7
1,000.0001 J. & J.
203,000!J. & J.
748.0001 M.&N.
230,0(X)! A.&O.
6
7
6
7
000 000!
200,000' M, & N.
250,000!
500,000 J. & J.
1,199,500;Q.—F.
2,000,000; Q-F.
2/XX),000! J. & J.
600,000iJ & J.
7
7
2
7
7
7
5
7
10
7
4
7
25
95
68
!J'ly,1900
92
65
98
’78 160
’80 104
’78 135
Oct., ’76 70
1888
100
ftp
July. ’78 50
1902
97
234 July,
7
June,
3k Aug.,
7
Nov.,
3
July,
oon'
150,000! A.&O.
1.000 1,050,000 M.&N.
500&C.
200/XX)i A.& O.
100
750,000! M.&N.
] .000
415,000; J. & J.
1,000
*
1
1*4;July. ’78
•••••••
094,000'J & J.
2,100,000i Q-J.
1,000 1,500,000 j J • & D.
10
2,000,000 Q-F.
1,000
300,000 M.&N.
Bushwick Av. (Hklyn)—stock..
100
Ventral Pk., NA E. River—stk.
100
Consolidated mortgage bon is 1,000
Dry Dock, E. B. A Battery-stk.
100
1st mortgage, cons’d
500&C
Btahth Avenue—Block
1st mortgage
2d St. A Grand St
1st mortgage
900,000*
’78
'84
Aug., ’78
June, ’93 101
Ju y, ’78
Jan., ’84 100
May, ’78
Apr., ’93
Nov.1904
July,
Apr.,
Apr.,
May,
’94
’78
’85
’88
(Jet.. ’83
May. ’77
115
105
40
8*
84
95
78
50
105
Aug.,’78 100
July, ’90 95
Aug..’78 95
Julv, ’90
101*
17rj
110
150
85
102
90
60
100
87
102
i
lo
130
115
50
96
24
90
50
100
85
85
60
115
Westchester...
10
Wllllamsb’g C
50
.
250,000 145,720 20
2,022 !0
300,000
10
200,000
200,000 172,204 20
9 80
1,000,00 fl006519
1
300,000 517.688 30
102,433
14
200,000
200,000 —11,973 JO
110,105 15
200,000
200,000 154.588 12)4
90,569 19
204,000
13,386 10
150,000
87,581 12
150,000
—
200,000 —12,658
720,101 i 0*
10
500,000
18
200,000
200.000
.
10"
20
10
10
10
10
U0.000
500,000 144,783 12
200,000 108.807 12
200,000
41,245 13
200,000 t298,081 10
150,000
199,066 20
280,000
21,568 20
150,000 162,772 20
200,000 126,421 10
150,000
51.864 10
200,000 f294,756 16
300,000
81,567 10
200,000 201,431 10
250,000 227,280 14
200,000 272,201 30
150,000 183,521 10
200,000
54,368 10
200,000 170.808 20
200,000 114,891 20
200,000 184,751 20
200,000 115.836 il2
332,142 ,20
170,985 20
19,550
50.864 i 0
432,403 JO
125,671 12
418,974 30
103,590 ,20
207,114 20
112,290 20
656,319 15
11,261 5
61,535 10
t33,061 10
73,072 n
209,231 20
119,037 12*4
19,411 lO'.
169,443 11-0
162/22 12*4
54,227
150,216
181,242
237,990
196,307
300,000
250,000
10
20
20
16
10
414,028 20
July.
July.
July,
Jan.,
July.
June,
Aug.,
July,
July,
17*4
Bid. Ask
60
5
78. 3*4
i0
30
2(1
.
40
5
10
20
10
10
10
10
12
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
•
10
20
10
10
10
10
12
12
10
10
20
10
20
10
10
20
10
11
14
30
20
10
20
20
25
16
20
20
10
10
T2
30
20
20
20
20
10
12
11
20
20
20
18
20
July,
July,
July.
Juiy,
’78. 7
’78. 5
’77. 4
’78. 5
’78.10
185
190
’78.10
’78.10
’78.10
Jan..
Ju'y,
July,
July,
July,
July,
July,
July,
Julv,
July,
Mar.,
July.
Jau.,
J UiV,
July,
Ju y,
July,
July,
Jut,
July.
July,
July,
July,
July,
July,
July.
July,
July,
Aug..
’78.
’78.
’78.
’78.
’77.
’78.
’78.
’78.
’78.
’78.
05
85
140
100
05
100
130
95
i70
120
115
50
55
Aug.. ’78.5-72
18
Juiy. ’78. 6
5
July, ’77. 5
5
Jan., ’77. 5
25
July, *78. 8
11'45 1250 July, ’78.6 75
30
20
ApL, ’78.10
14
14
July, ’78. 5
10
3
Jan., ’77. 3
20
15
Aug., ’78. 5
15
15
July, ’78. 7*4
15
12
July, ’78 5
10
10
-July, ’77 6
12
12
July, ’78. 5
30
20
40
55
July, 78.
10
15
15
10
4
10
20
20
20
20
io~
1,000,000
200,000
200,000
150,000
500,000
200,000
3,000,000
10
25
15
10
810
20
20
20
20
20
20
10
ilO
25
Price.
130
55
136
165
iss
200
105
50
110
125
103
40
100
'5 *
130
110
50
110
55
125
155
125
255
117
140
108
7
5
7k
*50
5
*70
3k 60
7*4 120
125
90
110
5
5
5
’78. 5
’78. 5
’78.5
’78. 5
’78 5
’78.10
’78. 5
’78. 8
’78. 5
’78. 5
’78. 8
’78. 5
’78. 6
’78. 5
’78.10
’78.10
’78. 5
’78. 8
’78. 5
’78.10
’78. 5
’78.10
:78. 7
1.35
97
114
65
110
107
85
ioo
100
160
90
150
105
95
140
100
80
150
80
125
100
160
160
80
130
110
85
140
108
170
*85
140
120
102
IbO
130
50
55
110
110
210
July, ’77.
July, ’78.
5
5
’78.
5
Apr.,
July, ’78.10
July, ’78. 6
July. ’78.10
July, ’78. 8
July, ’78. 5
8*4
3*4 J*n., ’77. 3'A
10
[10
July, ’78. 5
10
10
July, ’78. 5
13
12
July, ’78. 5
25
20
July, ’78.10
15*4 10
July, ’78. 8
10
10
Aug., ’78 5
11-55 1235 July, ’78.6-23
15
17*o July, ’78. 5
10
10
Ang., ’78. 5
20
16
July, ’78. 7
25
20
July, ’78. 5
10
10
July, ’78. 0
10
10
Aug., ’78. 5
20
20
July, ’78.10
195
150
‘05
116
120
240
105
180
110
110
50
115
125
70
70
90
97
60
117*4
100
80
125
108
95
120
125
125
100
135
110
190
200
•
Over all liabilities, including
re-insurance, capital and scrip, t Inclusive of
Figure* with a minus sign before them show that
the comnany Is
impaired to that extent.
scrip.
City Securities.
[Quotations by Daniel A. Moran, Broker, 40 Wall
Street.]
Interest.
-
Rate.
New
Price.
Bonds
due.
Months Payable.
Bid. Ask
York:
Water stock
do
Croton waterstock.
do
do
1841-68.
1854-57.
.1845-51.
.1852-60.
Croton Aqned’ct stock. 1865.
do
pipes and mains...
repervoir bonds
do
Central Pai k bonds. .1853-57.
do
no
..1853-65.
Dock bonds
1870.
do
1*75.
Floating debt stock
1860.
Market stock
1865-68.
Improvement stock.... 1869
do
go
....1869.
Consolidated bonds
var.
Street imp. stock
var.
do
do
var.
New Consolidated
Westchester County
.
Feb., May Aug.& Nov. 1878-1880 100
5
do
do
do
do
6
5
0
6
7
Feb.,May Aug.&Nov.
do
do
7
do
do
May & November.
0
6
7
6
7
Feb.,May, Aug.& Nov.
May & November.
0g.
7
1878-1879 100
do
'
May & November.
6
5
6
0
7
6 g.
do
do
do
do
do
do
do
do
do
do
do
do
do
January & July.
do
(lo
*
1890
1883-1S90
1884-1911
1884-1900
1907-1911
1878-1898
101k
103
104
109
107
101
1877-1895 100
110
1901
1898
106
100
1878
1894-1897 117
1889
105
1879-1890 102
1901
108
1888
102*4
1879-1882 102
1896
jfg
1894
108
101
102
102
106*4
108
117
108
103
107
117
108
101
118
106
114
109
105
1(>5
109
107
[Quotations by N. T. Beers, Jr., Broker, 2*4
Wall st.]
Brooklyn—Local Diipr’ern’t—
City bonds
7
January & July.
1878-1880
do
Park bonds
Water loan bonds
Bridge bonds
Water loan.
City Donas
...
Kings Co. bonds
-do
do
Park bonds
Bridg'
•AH Brooklyn bonds flat.
7
7
7
7
0
0
7
0
0
0
do
do
do
do
do
do
do
do
do
do
do
do
May & November.
«io
January
do
do
&
July.
do
101
104
1881-1895 105
113
1915-1924 116% 120*
1903
1915
1902-1905
1881-1895
1880-1883
1880-1885
'
1924
110% 120*
116%
108
104
103
102
106*4
1907-1910 107
120
109
107
108
106
103
108
[Quotations by C. Zabriskie, 47 Montgomery St.,
Jersey City.]
110
Jersey (Juy—
Watei loan, long..
100
100
Sewerage bonds....
1,000
250,000; M.&\\
M*y, ’93 100
105
*This column shows last
dividend on stocks, but the date of
maturity of bonds
LongIsl.(Bkn.)
85
112
178,940 20
210.000
25
50
25
LorlTlard
Manuf.& Build. 100
Manhattan
100
Mech.&Trad’rs’ 25
Mech’ics’(Bkn) 50
Mercantile..
50
Merchants’..,
50
Montauk (Bkn) 50
Nassau (Bklyn) 50
National
37*4
N.Y. Equitable 35
210,000
New York Fire 100
200,000
N. Y. & Boston 100
200,000
New York City 100
300,000
50
Niagara
500,000
North River.
25
350,000
Pacific
25
200,000
Park
100
200,000
Peter Cooper... 20
150,000
50
People’s
150,000
Phenix (Bklynj 50
1 000,000
Produce Exch. 100
200,000
50
Relief
200,000
100
300,000
Republic
100
Ridgewood
200,000
25
Rutgers'
200,000
100
Saieguard
200,000
St.Nicholas.... 25
200,000
Standard
50
200,000
Star
100
300,000
’00
Sterling
200,000
Stuyvesant
25
200,000
Tradesmen’s.... 25
150,000
United States.. 25
250,000
Lenox
80
....
3
4
5
3
......
Lafayette(Bkn) 50
100
Lamar.. \
•
6
Companies.
15
50
50
100
25
Hope
Howard
50
Importers’* T.. 50
100
Irving
Jefferson
30
Kings Co.(Bkn) 20
Knickerbocker 40
129
Gas and City Railroad Stocks
and Bonds.
[Gas Quotations by George H.
Prentiss, Broker, 30 Broad Street. J
Gab
Guardian
Hamilton
Hanover
Hoffman
Home
85
4
100
100
Guaranty
....
334 100*4
July, ’78. 4
July, ’78. 3
July,’78.
..
100
Franklin
German-Amer. 100
50
Germania
50
Globe
25
Greenwich
150
334
3
4
5
4
Firemen’s Fund
Firemen’s Tr
*
*65
3
5
4
Firemen’s
f
,
3
10
10
7
7
3
9
8
8
....
*
*
3
.July, ’78. 3
03* Aug., ’78.
034 Aug. ’77.
July, ’78.
July, ’78.
Juy, ’78.
July, ’78.
May, ’78.
Jan., ’78.
Jan., ’78.
May, ’78.
•
f
30
50
17
10
10
Exchange
Farragut
-
T
....
3k ioi
’77.
’77.
’78.
’78.
’77.
’70.
’78.
.Inlv. ”7<i
.
*
r
11
12
0
10
0
Empire City.... 100
100
Emporium
•
83
....
July, ’77. 3
July, ’74. 33*
July, ’78. 5
Aug ’78. 2!4 125
•
•
•
....
.f<#
734 July, ’78. 3*4
8
July, ’78. 4
8
Aug.,’78. 4
3
Jan., ’77. 3
334
Continental.... 100
40
Eagle
*
...
0
3
50
25
25
17
20
Citizens’
tt
*
il4)4
3
3
3
334
5
July, ’78. 3
May, ’78. 2k
....
.
Oriental*
Pacific*
50
100
8
May,
Nov.,
0
May,
734 Juiy,
034 July,
Jan.,
10
July,
Atlantic
Bowery
Broadway
Brooklyn
*
98
3
100
100
...
-
334
50
70
City
Clinton
100
Columbia
30
Commerce Fire 100
Commercial
50
....
3
5
....
2|4
<k
f
*
3*
....
3
9
8
8
*
■
,
81.200 M.&N.
89.200 M.&N.
172.600 M.&N.
684.300 J. & J.
217.600 J. & J.
45.900 1. & J.
871.500 J. & J.
90.900
55,2001 M.&N.
747,000
& J.
80,400 T. & .T.
79.200 F.&A.
24.100 J. & J.
29,500 I. & J.
86,000 J. & J.
165.800 •I. & J.
219.500 Q-F.
243,200 J. & J.
155,000 I. & J.
141.700 J. & J.
1,600
316.100 F.&A.
162,000 F.&A.
49.100 J. & J.
6-1,100 J.& J.
203.500 J. & J.
*
•••
28,316 10
13,981 14
200,000
15
t560,904
400,000
73,779 10
200,000
517 8
200,000
78,642 10
200,000
300,000 415,561 30
200,000 807,980 ,20
153,000 209,786 BO
300,000 t493,435 20
200,000
100
Amity..
....
77, 234
....
,,,
.
334
25
American
American Exch
55
*
Oct.,
145,000
Adriatic
AStna.
i03M
102)4
*78. '3”
Sept. >78,15
July, >78. 3
May, *78. 5
July, ’78. 4
118
Jan., *70. 3
76
Aug., ’78. 5
July, ’78. 334 90
July, ’70. 3
10
0
•
Bid. Ask.
July,'
9
100
Bl-m’ly
100
8
20
J. & J.
7
J. & J.
3
F.&A. 10
J.& J.
13,000 J.& J.
0
49,000 Q-J.
10
*7£,
’78.
’78.
’78.
*77.
Ju y, *78.
,
...
i
July
5** May,
12
July,
10
July,
8
July,
J.'&J. lo
....
Mechanics’
Mech. Assoc’n.
500,000
Mech’ics & Tr. 25 600,000
Mercantile
100 1,000,000
Merchants’.
50 2,000,000
Merchants’ Ex. 50 1,000,000
Metropolis*.
100
500,000
Union
West Side*...
•
•
8
.
Manhattan*
Tradesmen’s.
9
7
12
68
JO
8
Last Paid.
~12 July,’ ;7s!
1,244,000 Q-J. 12
985,000 •J. & J.
7*4
0J4 July, *78
444.800 M.&N. 10
10
May, ’78.
672.100 A.& O.
7
734
Apr ’78.
40,700 F. & A.
Feb., ’74.
43,*00 May.
6
6
May, ’78.
100
39.800 May.
200,000
7
6
May, ’77.
25
200,000
15,600 M.&N.
8
7
May, "78.
25
nil.
97,*00
40
25,000 J.'&J.
300,000
8
~3 Jan!, ’77."
100 1,000,000
145.800 J. & J.
3
7
July, '78.
100 1,500,000 1,685,300 J. & J.
14
14
July, ’78.
50
500,000 108.300 T. & J. 10
8
’78.
July,
50
8,500 J. & J.
100,000
034 Jan., ’78.
100
600,000
415.700 ■i. & J
12
12
July, ’78.
50 2,050,000 1,103,000 F.&A
8
9
Aug ’78.
20
100,000
10,100 J. & J.
July,
’75.
100
5
400,000
77.200 J. & J.
Jan., ’76.
100 1,000,000
8
267.100 I. & J.
July, ’78.
25 2,000,000
8«5.700 J. & J. 10
July, ’78.
50
Greenwich*....
Metropolitan
Murray Hill*
Period 1876. 1877.
SECURITIES.
Insurance Stock List.
[Quotations by K. 8. Bailey, broker.7 Pine street.]
Net
Capital.
Dividends.
Surplus,
Companies.
July 1,
Par. Amount 1878.*
1875. 1870. 1877. Last Paid.
at
Mark’d thus (*)
are not Nat’l.
[Vol. XXVII.
do
Assessment bonds. .1870-71.
Improvement bonds
Bergen bonds
6
7
:
7
7 •'
7
7
January & July.
January & Juiy.
1895
101
1899-1902 107k
do
1877-1879 100
Jan., May, Julv & Nov.
1891
106
J« & J• and J
LK
11*05
107
January and July.
1900
105
do
*
102
108*4
101
107
108
106
September 7,
THE
1878.]
CHRONICLE
251
The committee, while disapproving of
into no discussion as to the merit of his
of re-organization.
iiucstwcwts
AND
Mr. Hale’s
course, enter
objections to their plan
Chicago & Iowa.—This railroad was to have been sold August
an injunction issued by Judge Harlan was served and the
sale indefinitely postponed.
The bill on which the injunction
The Investors’ Supplement is published on the last Saturday
was issued charges the Chicago
Burlington & Quincy Railrfcad
of each month, and furnished to all regular subscribers of the
with fraud and with cheating the Chicago & Iowa Road out of
Chronicle. No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular $500,000. It also asks that the trustees be removed.
STATE, CITY AND CORPORATION FINANCES.
however, is bound
subscribers. One number of the Supplement,
up with The Financial
in that shape.
28, but
Review (Annual), and can be purchased
ANNUAL
REPORTS.
of October.
Connecticut & Passumpsic.
BECEirTS.
Passengers
$201,030
-.
«
311,023
Freights
20,768
Mails
8.056
Express
9,817
7,915
:
Rents
Interest account.
-
Cincinnati
(For the year ending June 30,1878.)
report, just issued, furnishes the following :
The annual
Chicago Milwaukee & St. Paul.—-On the extension of the
Spencer, the county seat
of Clay County, la., which is 23 miles west from Emmittsburg,
the last point reported, and 48 miles from the old terminus at
Algona. Work is progressing steadily, and the road is expected
to reach Sheldon, on the Sioux City & St. Paul road, by the end
Iowa & Dakota Division track is laid to
$558,612
City Bonds.—The trustees of the Cincinnati
Southern Railroad have prepared a circular, inviting proposals
for the $2,000,000 thirty-year seven per cent bonds of the new
issue, to date from November 1, 1878, for completing the road.
Bids will be received till 3 P. M. September 10, 1878.
The
takers are to pay $500,000 down, and the remainder of the
$2,000,000 in three equal instalments in three, six and nine
months, with accrued interest.
Detroit & Milwaukee.—An injunction against the sale of
this road
the 4th instant
granted, but afterwards dis¬
duly sold to the Great Western Pur¬
Net earnings tor the year
$222,590 chasing Committee for about $3,500,000. A protest was filed
The net earnings, $222,590, have been appropriated as follows: against the proceeding by the opposing interest.
Coupons on bonds and other interest
$117,662
Eastern (Mass.)—The difficulties between the sections of the
Dividend Feb. 1, 1S78, 2 per cent
51,456 Eastern Railroad in Massachusetts and New
Hampshire have
Dividend Aug. 1, 1878, 1 per cent
25,728
been settled.
Although forming one through line, these com¬
$194,846 prise district corporations, the latter having been leased to the
Surplus of earnings
$27,744 former for ninety-nine years, on agreement that there should be
Balance of earnings from last year’s report
$59,926 paid to the stockholders of each corporation the same dividends
27,744
Add above balance
annually. The Massachusetts company got into the hands of its
Surplus of earnings now on hand
$87,670 creditors and the dividends were not paid ; hence were instituted
suits to ascertain the validity of the lease.
Last week, however,
The general depression in all classes of business, together with
a conference was
held
between
the
parties,
and It was agreed to
the interruption of the line between Newport and Montreal, com¬
withdraw the suits on the one side, and on the other to pay a divi¬
mencing in October last, caused a large decrease in the gross dend of four and one half
per cent on the New Hampshire stock
earnings of the road.
(|22,500,
per year), the payment dating back to June, 1877.
Gross earnings, 1877
$604,595 The
corporations will therefore work amicably hereafter.—Boston
Gross earnings, 1878
558,612
336,021
Expenses
on
solved, and the road
was
was
1
.
..
....
Advertiser.
$45,983
Decrease
European & North American Railway (New Brunswick
Division).—This road was sold at St. John, N. B., August 31,
under foreclosure of the first mortgage, and was bought for $37,000
Decrease in operating expenses
$24,263 for account of the bondholders, who are already incorporated,
Showing the net earnings of the road for the year to be less than the
Under a special charter, as the St. John & Maine Company.
The
21,719
previous year by
road is 91£ miles long from St. John, N. B., to Yanceboro.
The report says : “ It will be seen that our net earnings were
Midland.—On petition of some of the bondholders,
enough to pay two per cent on the 1st of August; but at the theIllinois
United
States
Circuit Court has ordered the receiver to pre¬
time of declaring the August dividend the accounts were not all
pare
a
full
statement
of his operations up to September l,and of
made up so that we could feel sure that we had earned it.
We the condition of the road
at that time.
This statement is to be
thought it more prudent to declare one per cent, and we are very
glad that the error was on the safe side. The result of the year’s presented to the Court by September 20.
business is rather gratifying to the directors, considering all the
Indianapolis Decatur & Springfield.—The new extension
obstacles we have had to contend with for the last three quarters from Montezuma, Ind., to Bruin’s Crossing, on the Logansport
of the year.
We now have the satisfaction of stating that the Crawfordaville & Southwestern, has been open«d for travel. It in
controversies have all been amicably arranged, and our relations 19 miles long, making the road 104 miles long from Decatur, Ill.,
with all connecting roads are on a friendly basis.
The contract to Bruin’s Crossing, Ind.
with the Boston Concord & Montreal Railroad, in connection with
Kansas Pacific.—A petition has been filed in the United
the lease of the Southeastern Railroad, has been canceled, and States Circuit Court of
Topeka, Kansas, in the suit to foreclose
all matters between that road and this settled up to May 1,1878, the first
mortgage (Denver extension) on the Kansas Pacific
a new contract
being entered into at that time for ten years, Road, by A. D. Williams, as attorney for the company, asking
which, we tljink, will work to the material advantage of both for the discharge of Henry Villard as one of the receivers of the
roads. New and permanent contracts have been made with the property of the
company, on the allegation that he has been
Southeastern Railroad, whereby the completion of that road unfaithful to his trust, and has used his position for his own
between Sutton Junction and Sorel, on the Sr. Lawrence River, is
pecuniary advantage, to the detriment of the property in his
secured, the parties contracting being known to be responsible; hands.
and they will, we feel confident, have the road ready to operate
Macon &
by the 1st of January next. This will give us an independent alist has the Augusta.—The Augusta Chronicle and Constitutionfollowing:
line from Boston, and other parts of New England, to the St.
Since the early part of the year 1873 the Macon road has been
Lawrence River, which we have labored for years to accomplish,
run
by the Georgia Railroad and Banking Company. All the
and will, we believe, prove of great advantage to this road, and
rolling stock belongs to the latter corporation, and the stock¬
to the line of which it forms a part.
holders of the Macon & Augusta own nothing but the road itself.
We have also secured aline direct to Montreal, over the Mon¬
It has bonds outstanding to the amount of $770,000, of which
treal Portland & Boston Railroad, crossing the Stanstead Shefford
& Ch8mbly Railroad at West Farnham, and going direct to St. $400,000 are first mortgage and $370,000 second mortgage bonds.
The G
Lambert.-thus avoiding the necessity of using the Stanstead Shef¬ and hasorgia Railroad is guarantor upon $660,000 of these bonds,
paid the interest since 1873 on the entire amount.
This
ford & Chambly Railroad by the way of St. Johns.”
interest foots up $360,000 for the whole time. The load has cost
The tonnage of the year 1877-8 compares as follows with
the Georgia Railroad and Banking Company from fifteen to
1876-7:
thirty thousand dollars per annum above receipts. The Georgia
The expenses of operating the road for
The expenses of operating the road for
1877 were
1878 were
$360,235
336,021
.
"
Tonnage, 1878
Tons carried
one
Tonnage, 1877
Tons carried
mile, 1873
130,869
one
mile, 1877
GENERAL INVESTMENT
Atlantic
131,923
8,179,341
7,618,721
NEWS.
Mississippi & Ohio.—The bondholders’ committee
in London have issued
a circular, under date of August 12,1878,
containing the following resolution passed by them at that time :
“That,in the judgment of this committee, Mr. J L. Hale has abased the
confidence reposed in him, and has,
by his conduct, prejudiced the general
interests of the bondholders, and that his continnal efforts to embarrass the
action of the committee and to alarm the bondholders by publishing mis¬
leading statements, together with his action in combining with the Amster¬
dam Comnrttee, who were supported at a recent
meeting by a small minority
of the bonds held in Holland, call not only for a formal condemnation of hfs
conduct by this committee, but also for a warning communication to the
bondholders.”
road has had no contract with the stockholders of the Macon &
Augusta Railroad during its control of the latter. Recently M.
K. Jesup, of New York, one of the stockholders of the Macon &
Augusta Railroad, filed a bill in the United States District Court,
at Savannah, against the Georgia Railroad and Banking Com¬
pany, the Macon & Augusta Railroad Company, and Judge John
P. King, individually, asking for the appointment of a receiver
to take charge of the Macon & Augusta and run it for the stock¬
holders, and that the Georgia road be required to give an account
of its actings and doings in the premises.
The bill alleges that
the Georgia Railroad has made, or ought to have made, large
profits out of the Macon*& Augusta road, which profits it has not
paid to the stockholders; that the complainant could run the
road profitably, if he bad charge of it; and, also, that Judge King
promised, when the Georgia road took charge of the Macon &
Augusta, that the stock of the latter should be consolidated with
that of the former, and consolidated shares issued to the stock-
THE CHRONICLE.
"holders of the Macon & Augusta.
This Mr. King denies. The
mortgage and one under the second
mortgage having died, and the other trustee, Judge King,
under the second mortgage,
having resigned, it became neces¬
sary to appoint others to fill the vacancies. The directors took
the proper steps in that direction.
The trustees under the
second mortgage (one or more) are
designated by the Georgia
Railroad Directory and confirmed
by the Judge of the Superior
Court.
Those under the first mortgage
are appointed by the
Judge. The directors appointed Judge W. M. Reese, of the
board, trustee under the second mortgage, subject to the approval
of the Superior Court
Judge. Judge Reese will proceed at once
to foreclose this
mortgage, and offer the Macon & Augusta Rail-
OPERATIONS OF THE SINKING FUNDS FROM
AUGUST
two trustees under the first
Receipts.
Cash balance in this fund August i, 1877
From revenues pledged by law to the
Sinking Fund..
From floating debt fund
stock—instalments for re¬
demption of—-paid by the corporation
bonds, paid by
the
1, 1878.
1, 1877
city treasury, Aug. 1, 1877
From taxes, by Receiver of Taxes
$24,833,448
From arrears of
taxes,by Clerk of Arrears 3,227,063—
Revenues of the General Fund,
including surplus rev¬
enues of the
Sinking Fund, for the payment of
interest on the city debt
From loans—
Proceeds of stocks & bonds for
public
$5,199,595
Disbursements.
For redemption of the
city debt, paid from the sink¬
ing fund
$2,748,090
For sundry investments in city stocks and bonds
2,301,912
II.—THE
664
§5,050,576
10,360
§5,040.216
August 1, 1878
SINKING FUND FOR
159,378— $5,199,595
THE PAYMENT OF INTEREST ON THE CITY
DEBT.
Receipts,
Cash balance in this fund
August 1, 1877
From revenues pledged by law to this fund
$417,860
1,939,332
Total
$2,356,192
Disbursements.
For amount paid for interest on stocks and
bonds,
payable by law from this fund
:
§646,902
For surplus moneys transferred to the
general fund
for reduction of taxation, as provided
by law
1,000,000
For amount refunded for Croton water
rent, «fcc
10,630—
Deduct for difference in amount of warrants
outstanding Aug. 1,
1878
$1,656,932
465
...
Cash balance in this
fund, Aug. 1, 1878.
$1,656,466
•
699,725
Total
$2,356,192
THE CITY DEBT.
"
The city debt had attained its
maximum in 1876, and since
that date has been largely reduced in amount.
On December 31,
1876, the net bonded debt, exclusive of revenue bonds issued in
anticipation of taxes,
was $113,706,465, and on August 1,
1878,
$109,388,128, showing a reduction of $4,318,337. The
revenues of the sinking fund are
accumulating, and the means
now provided for the
payment and refunding of the outstanding
stocks and bonds of the city as they shall become due
are ample
was
for the purpose, affording an assurance that
the present
debt will be gradually reduced and
bonded
eventually extinguished, with
constantly-decreasing taxation for
a
statement shows the
amount of the
1,1878:”
its payment.
The
city bonded debt
following
August
on
I.—FUNDED DEBT.
1.
2.
Payable from taxation
Payable from sinking fund, under ordinances
Council
3. Payable from
Laws of 1878
sinking fund, under provisions
of the
Common
.
of
chapter 383,
§99,792,590
18,784,243
'175,963
Total funded debt
Deduct sinking fund
§118,752,796
30,239,163
Funded debt, less sinking fund
$88,513,628
II.—TEMPORARY DEBT.
1. Bonds issued prior to June 3, 1878
2. B inds issued after June 3, 1878, for local
improvements, con¬
tracted for or commenced prior to that date
§20,670,000
204,500
III.—REVENUE BONDS.
1. Issued under special laws
2. Issued in anticipation of taxes of 1877
3. Issued in anticipa ion of taxes of 1878
Total bonded
....
14,542
2,549,000
15,759,775
debt, less sinking fund
$127,702,446
sinking fund, August 1, 1877, was
$132,096,998
sinking fond, August 1,1878, as above
127,7(2,446
„..
The total bonded debt, less
The total bonded debt, less
•
shown, is
Decrease
as
compared with amount August 1, 1877
...
§4,394,5:8
REFUNDING THE CITY DEBT.
TO
"
An
of the
important financial measure was passed at, the last session,
Legislature, relating to the bonded debt of th* city. A
large part of this debt is payable from taxes to be levied when
Receipts.
Cash balance in
5,188,8 .0
.
Cash balance In this fund
City, has published his annual report for the year
ending
July 31, 1878, from which we have the
following :
The total amount of
receipts from all sources, and the total
disbursements, on all accounts of the city treasury, and also those
of the sinking funds
during the year ending August 1, 1878, were
as below :
AUGUST
1,880,701—
Total
ing August 1, 1878
Kelly, Comptroller of
OPERATIONS OF THE CITY TREASURY FROM
AUGUST
201,526
From investments in city stocks and
the corporation when due
Deduct for difference in amount of warrants
outstand¬
September 14, and that the purchasing committee will
buy it in,
unless prevented by injunction in the
meantime.
John
§10,774
|3,016,592
For amount refunded for street vault
permits........
& Greenwood Lake Railroad voted this
week (holders of $321,600 out of
$356,600 of bonds represented)
in favor of
accepting the plan of re-construction.
It is understood that the sale of
the road will take
place on
City Finances.—Mr.
the bonds fall due, under the
provisions of the acts authorizing
their issue.
Large amounts of outstanding bonds of this class,
which fall due annually for
twenty years to come, would impose*
in some years, an onerous burden
upon the taxpayers.
By this
act the Commissioners of the
Sinking
Fund are empowered to
authorize the i-sue of f consolidated stock of the
§705,933
28,060,511
2,868,299
city of New
York,’ payable from the sinking fund, at a rate of interest not
32,454.155
exceeding 5 per cent per annum, to provide for the payment of a
2.604,935
part of the bonds payable from taxation when they become
due,
so that the amount to be raised
by tax shall not in any one year
refundings, overpayments, &c)
7(9,395— §67,403,234 be less than the sum of $1,000,000 nor more than
$2,000,000.
Next year the bonds falling due which are
Disbursements.
from
payable
taxation
On account of appropriations for the
amount to nearly
support of the
$4,500,000; but not more than $2,000,000 can be
city government, including State taxes and inter¬
raised by tax in that year within the
est on the city debt
discretion of the Commis¬
sioners of the sinking fund ; the remainder
$30J90,522
For redemption of
will be refunded in
city bonded debt—
Revenue bonds
consolidated stock.’ More than
§25,511,000
$10,000,000 of bonds payable
Bonds for public
improvements, &c
from taxation fall due in some
5,345,700
years.
By thus refunding a part
of the amount of bonds
falling
due, that are payable bylaw from
$30,856,700
For sundry special and trust
taxation, the taxpayers will be relieved of excessive taxes in
accounts...
3,694,435
one year.
The funding act contains other provisions relativeany
to
the
Add for difference in amount of
city debt which, it is believed, will secure a permanent finan¬
warrants
cial benefit to the city.
outstanding August 1, 1878
The collections of assessments made and
738,820— 35,289,956
confirmed for local improvements
completed prior to the passage
of the law are to be
$66,280,279
Cash balance in city
paid into the * sinking fund for the redemp¬
treasury Aug. 1,1S78
1,122,955— §67,403,234 tion of the city debt,’ and the bonds
issued for and on account of
improvements, &c
§5,5C9,812
Revenue bODds in anticipation of
taxes. 26,944,342—
Of various special and trust accounts
Appropriation account (amount re-deposited on ac¬
count of gold purchased for
payment of interest
and
'
„
-
-
,
.
.
fi
TO
I.—THB SINKING FUND FOR THE REDEMPTION
OF THE CITY DEBT.
Uew
New York
1, 1877,
1, 1878.
AUGUST
load for sale.
Milwaukee Lake Shore & Western.—The extension from
London, Wip., to Clintonville, 16 miles, is completed, and
was opened for business
Sept. 2, making the road 157 miles
long from Milwaukee to Clintonville.
—A case is pending in the
Supreme Court of the State of
Wisconsin for a forfeiture of the charter and franchise of
this
The questions at issue arise out of a claim of the
company.
United States Rolling Stock
Company against the old Lake Shore
Company, which was the predecessor of the present company.
Missouri Town Bonds.—The St. Louis
Republican refers
to a new phase in the
township-bond question developed in the
case of Oliver Gann V8. P. S.
Fulkerson, collector of Lafayette
County, in the Lafayette Circuit Court. The facts are these :
Judgments to the amount of $13,755 on
coupons of Washington,
fi^iabar and Lexington township bonds had been obtained
in the
United States Circuit Court in favor of
Valentine Wirters, and a
peremptory mandamus had been issued by that court to the
Lafayette County Courts, commanding it to levy a tax to pay them.
The county court made the
levy, and the tax-bills were put into
the collector’s hands. But the
citizens, in paying their other
taxes, refused to pay this, and the collector levied on
personal
property belonging to several of them to satisfy the tax claims.
The citizens at once
brought suits in replevin, gave the
bond, and re-took possession of the property. The cases required
were set
for trial at the present term of the
Lafayette
Circuit Court, and
the one of Gann against the collector was
selected as a test suit.
Oann’s attorneys filed a demurrer to the
collector’s answer, alleg¬
ing that it did not state facts sufficient to constitute a
defense,
because the judgment of the United States
Court it set forth was
on township bonds issued under
the Township Aid act of
1868,
which the Supreme Court of the State
has decided unconstitu¬
tional and void; that the Federal courts have
no process
for
collecting taxes to satisfy their j udgments against counties, except
such as is supplied
by the laws of the State; that,
judgment in this case was rendered by a court ofthough the
competent
j urisdiction, and is valid till set aside, yet the State officers
cannot
.be forced to collect a tax to
pay a judgment under an act which
the State courts have declared
void; and a judgment on bonds
--issued under an act decided
by the State Supreme Court to be
void is no warrant for the collection
of an illegal tax.
The
demurrer was sustained by
Judge Wood, and the Republican
remarks that this must be the result of
every similar proceeding
under the Township Aid act of 1868.
Montclair & Greenwood Lake.—The second
mortgage bond¬
holders of the Montclair
fVoL. xxv n-
September
7,1878.]
THE CHRONICLE.
-
such improvements will be provided for by the Commissioners of
tlie Sinking Fund in a manner similar to bonds payable from tax¬
ation for the amount of deficiencies in the collection of assess¬
ments, and for the expense of street improvements payable by the
Another provision of the funding act operates as a check
upon extravagant expenditures which would increase the bonded
debt. Hereafter, all bonds and stocks issued pursuant to any
■city.
571
statute authorizing the same, and which, by the provisions of
such statute, are payable from taxation, except revenue bonds,
will be provided for by an annual tax sufficient, with the accumu¬
lation of interest, to pay them at their maturity.
It is believed
that this measure will operate as an effectual restriction
upon
schemes lor
spending the public money for purposes other than
those required by the
public interests. A lavish expenditure of
the public money, with- its attendant corruption
and fraud, has
heretofore been largely due to the ffjct that bonds
payable by
future taxation could be issued for long periods under the author¬
ity of law, without special observation of the community.’*
BRIDGE BONDS.
The amount of bonds authorized by law for the construction of
the New York and Brooklyn Bridge is as follows:
Under chapter 3S9, Laws of 1867, and ordinance of the Common
Council of the
city of New York
a
Under chapter 200, Laws of 1875, and ordinance of the Common
Council of the city of New York
Total
2,666,666
$4,166,666
The total amount of bonds issued
as
$1,500,000
follows:
by the City of New York is
Under chapter 390, Laws of 1867.
Under chapter 300, Laws of 1875
$1,500,COO
1,500.000
Total amount issued
$3,COO,000
The amount of bonds authorized, but still
remaining unissued,
under chapter 300, Laws of 1875, is $1,166,666. The law
provides
that the bridge trustees shall be charged with interest on the
bonds issued for tbe completion of the bridge, which is to be
withheld from the payments on that account.
The interest on
the bonds heretofore issued
by the city of New York, under the
aforesaid act of 1875, amounted on August 1, 1878, to
$130,563.
Two requisitions for $500,000 each have been made
upon the
Mayor and Comptroller by the trustees of the bridge, for which
the bonds have not been issued.
It is evident that the amount
provided by law for the completion of the bridge is insufficient
for that purpose, and
that further legislation to provide
additional means will therefore be required. In view of this
fact,
and the legal questions now
pending in regard to the construc¬
tion of the bridge, it has been deemed advisable
by the
authorities of this city to withhold further issues of bridge bonds
at
this time.
TAXES.
The tax
levy for 1878 has not yet been confirmed by the Board
of Supervisors, but it is estimated that the rate of tax will
certainly not exceed 2'55 per cent against 2 65 per cent in 1877.
In the present year the tax
levy will probably not exceed
$28,008,8S8, against $29,178,940 last year, showing a decrease in
taxes of $1,170,052 for 1878.
There has been a large reduction
in the rate and amount of taxation in
every year since 1875, as
shown by the following table:
Year.
Valufitiors.
Rate of tax.
$1,100,943,699
2 94
2'S0
2-65
2'55
$32,368,8(0 53
3Ml 5,533 39
29,176,940 46
28,008, e 83 26
haviDg yet been confirmed, the rate and amount
1,110,913; 194
1,101,092,093
1,098,387, 775
1877
1878*
*Tbe tax levy for 1878 not
of taxes are estimates.
Amount of
tax levied.
The total amount of assessed valuations of real and
personal
1877 was $1,101,092,093, and $1,098,387,775 in 1878, a
decrease of $2,704,318.
The following table exhibits the total valuations on real and
estate in
personal estate for the years 1876, 1877, and 1878
:
1876.
Real estate
Resident personal
$892,287,015
118,989,535
14,491,527
Non-resideut personal
Shareholders of banks
85,145,117
Total....
$1,110,913,194
1877.
Real estate
Resident personal
$695,063,933
118,832,577
13,581.309
73,614,274
Non-resideut personal
Shareholders of baiks
Total
92,093
1878.
Real estate
Resident personal.^.
Non-resident personal
Shareholders
$900,855,7(0
119,619,355
'
12,733,4(0
65,179,320
of banks
Total
—At
$1,098,887,775
meeting of the Commissioners of the Sinking Fund of this
city, held Sept 3, 1878, the following resolution was adopted :
a
“
Resolved, That the Comptroller of the City of New York be and he is.
authorized and empowered to issue ‘ consolidated stock of the City of
New York.1 under a resolution adopted by this board on the 26th
day of
August, 1878, according to the terms and conditions prescribed by the fifth
section of Chapter 3*2, laws of 1871, by which said act the said stock shall be
hereby
issued
as follows, to wit:
‘The consolidated city stock so authorized to be issued shall be registered
coupon stock in sums not less than $500 each share, conditioned to be paid
gold coin or in the legal currency of the United States, at the
“
<)r
m
option of the
eaid
Comptroller.111
The resolution of
August 26 provided for the issue of consoli¬
dated stock of the city to the amount
of$7,635,500.
Pacific Railroad Land Grants.—The Kansas Pacific and
Union Pacific Companies filed applications for
a
suspension and
253
re-consideration of Secretary
the matter of the application
Scliurz’s decision of July 23, 1878, in
of Nelson Dudymott. The original
decision was given at much length in the Chronicle of
July 27,
on
page 96, and Secretary Schurz now denies the application of
the companies for a re-consideration.
He says, “ the application
for a suspension and re-consideration of said decision
are based
upon the following grounds:
“
First—Thai the grant to said company was a
grant inprasenti, and vested
only the right to sell all of the lands granted.
Second—That the execution and delivery of a
mortgage by the companies
is a disposition of such lands within the
meaning of the words * or disposed.
oi1 occurring in the last clause of the third section of
the granting act.
Third—That if an actual sale of the lands, and an actual sale
only, was
authorized, the companies, by the execution and delivery of certain mortgages
to the persons therein named, have ‘ sold and
disposed of1 and conveyed the
title to all the lands inuring
to them by virtue of the granting acts.
Iu my decision of July 23. 1678, it was held that the condition
contained
in the last clause of the third section of the
granting act ‘ is in effect a reser¬
vation of a power of eale in the Government of the lands
granted to the com¬
pany which remain unsold on it at the expiration of three years
after the
entire road was completed, under th3 provisions of the
Pre-emption law.*
This conclusion was reached after mature
deliberation, and 1 see no good
in them and them
“
“
“
reason to
doubt its correctness.”
*
*
*
In support of the second
proposition, counsel urged that tbe
words "or dispose of” in the clause under consideration should be
construed to include not only a sale but
any other disposition which
tbe companies may have made of tbe lands
granted to thorn. But
Secretary Schurz quotes the fifth section of the granting act,
which provides that the Secretary of the
Treasury shall, upon
the proof therein mentioned being presented to
him, issue to said
companies the bonds of the United States to tlie amount of $16,-
000 for each mile of said
road, as constructed in sections of 40
miles each, and that the issuance and
delivery of said bonds “ to
the companies” shall ipso facto constitute a first
mortgage on the
whole line of the railroad and telegraph line,
rolling stock, fixtures, and property of
every
together with the
kind and description.
He then says:
“If it be true,therefore,that Congress intended that the execution and
delivery
of a mortgage by either of said companies should be a
disposal of the lands
granted wiihin the meaning of the words’* or disposed of,1 the same act which
provided that unless said^lands were‘sold or disposed of by said company
within three years after the entire road shall have been completed shall be
subject to settlement and pre-emption like other lands,1 provided in terms
that no sales ehould he made by settlement and
pre-emption of the land3
granted to the company which accepted the bonds provided for in the fifth
section of the act. The act must be so construed, if
possible, as to give each
and every
part of it force and effect. What fo ce and effect, however, can be
given to this clause, if the execution and delivery of a mortgage be held to be
the sale or disposal intended by Congress? If, by the execution and
delivery
of such mortgages, ail of said lands were ‘sold or
disposed of,1 how could
they thereafter he sold under the Pre-emption law, and the moneys arising
from such sales be paid to the companies?
Manifestly, this was not the
meaning given by Congress to tbe words‘or disposed”of,1 and hence such
meaning should not new be imputed to ihem.
“I am therefore of the opinion than an actual sale to a bona
Ji le purchaser
for a valuable consideration within the time limited is the
only disposition
which was intended by Congress should exempt
any of said lands from sale
under the Pre-emption law.
As to the third proposition,—that a mortgage of the lands was vir¬
tually a sale by the companies to the trustt es of the mortgage,—the
Secretary holds that a mortgage is not a sale but a mere security*
for tbe money loaned on it; and he remarks that, while the com¬
panies, by tbe terms of tlie mortgages, bad the right to sell and
dispose of the lands, the trustees were to receive the proceeds of
all sales of lands made. This right of the companies to sell the
lands having ceased by virtue of the third section of the act of
July 1, 1862, the security of the mortgages will be subrogated by
the moneys arising from the sales when made by the Government.
Rutland.—In answer to an inquiry in relation to the coupons
upon tlie equipment bonds of the Rutland Railroad Company,
due September 2, the Treasurer reports that the directors have
voted to dedicate the income of the road to. the extinguishment of
tlie floating debt of the company.
No provision has been made
for coupons now due.
Salem & Lowell.—A conference of officers and bondholders
of the Salem & Lowell Railroad was lately held, to consider what
action should be taken as to the payment of bonds,
amounting to
$226,900, coming due October 1. The President, Daniel S. Rich¬
ardson, announced that tlie road was unable to pay, and the
subject was discussed at some length, and a committee of three
appointed by the bondholders to consult with tbe company, or
other parties, and to recommend such action, either for foreclos¬
ure or extension, as shall seem to them for the interest of all.
South Carolina Railroad.—A
case was begun on tbe
4th,.
Judge Bon£, of the United States Circuit Court for the
District of South Carolina, sitting in Chambers in Baltimore.
Certain bondholders of the South Carolina Railroad Company ask
for an injunction to restrain tlie holders of the second mortgage
bonds from disposing of the bonds held by them as collateral
security for retiring $1,250,000 of the floating debt, and also pray
for tlie appointment of a receiver for the road.
The authority of
tlie Judge to grant the order asked for was resitted, on the
question of jurisdiction, as the case is now pending in the Cir¬
cuit Court of the United States for South Carolina, and is ready
for trial. But Judge Bond rendered a decision that a Circuit
Judge has the power to make an interlocutory order or issue an
injunction in his circuit, but out of the district where the case is
pending, and overruled the motion to dismiss the motion to show
cause, and. the case was then proceeded with.
Texas Route.—Work on the extension of Morgan’s Louis¬
iana & Texas road westward to the Sabine River is reported, as
stopped for tbe present, on account of the troubles arising from
the yellow fever in New Orleans and its neighborhood.
UnionfcPaciflc—Central Branch.—Atchison, Kan.,Sept. 2.—
before
The Central Branch of the Union Pacific Railroad has tern
com¬
pleted, and is now open for business to Beloit, 1S2 miles west of
this city.
The company has also finished grading for the
branch from Concordia to Scandia, a distance of twenty miles.
254
THE CHRONICLE
lie Commercial
fVOL XXVII.
J'imes.
OOTTON,
Friday, P. M., September 6, 1878.
The Movement of the Crop, as indicated
from the South to-night, is
given
For
COMMERCIAL EPITOME
by
our
telegrams
below.
the six days ending
this evening (Sept. 6). the total
Friday Night, September 6, 1878.
receipts have reached 26,750
bales, against 15,784 bales last week, 5,699 bales the previous
The state of trade remains substantially
as noted last week. week, and
4,657 bales three weeks since; making the total
There is no abatement of the yellow fever epidemic at the
South, receipts since the 1st of September,
1878, 26,750 bales, against
and a large territory remains
practically closed to commerce. 5,885 for the same
period of 1877, showing an increase since
Whole towns are deserted, and it has been difficult even to
pro¬
September 1,1878, of 20,865 bales. The details of the receipts for
cure the burial of the dead.
At the North and West, as well as
this week (as per telegraph) and
for the corresponding weeks of
on the Atlantic seaboard of the
South, the public health is excel¬ five
previous years are as follows:
lent, and there is great activity in the marketing of the crops;
but the whole country feels the incubus
1878.
1877.
1876.
upon business caused by Receipts this w’k at
1875.
1874.
the afflictions which have visited the
valley of the Lower New Orleans
1,651
Mississippi.
The
following is
of domestic and
Beef
Pork
Lard
Tobacco, foreign
Tobacco, domestic
Coffee; Rio
Coffee, other
Coffee, Java, &c
Sugar
Sugar
Sugar
Melado
Molasses, foreign
Molasses, domestic
Hides
Cotton
Rosin
SpiritB turpentine
Tar
Rice, E. I
Rice, domestic
Linseed
Saltpetre
Jnte
Jntebntts
Manila hemp
of the stocks of leading articles
merchandise at dates given:
a statement
foreign
tcs. andbbls.
bbla.
tcs.
bales.
hhds.
bags.
bags.
1878.
1878.
Sept. 1.
Aug. 1.
1.420
75,237
58.690
28,620
41,735
14,483
21,251
mats.
4,0 0
hhds. 77,242
boxes. 12,342
bags, etc. 159,500
hhds.
2,758
.hhds.
5,208
bbls.
2,000
No. 127,000
bales. 23/ 22
bbls. 32,376
bbls.
3,472
bbls.
470
bags.
bbls. and tcs.
bags.
bags.
bales.
bales.
bales.
3,850
1,350
41,629
5,900
4,580
17,814
42,365
There has been an important decline in
other “ hog products ” have sympathized.
1877.
Sept. 1.
2,110
83,665
71,462
18,507
39,501
59,385
30,416
5,677
85,391
13,000
174,921
2,097
5,510
1,200
171,200
68,000
40,365
4,366
1,052
3,500
1,040
66,k05
6,750
4,587
24,115
61,476
115
43,931
28,393
19,501
-
34,378
83,824
70,116
27,092
113,805
25,436
310,956
2,615
11,836
13,000
129,700
67,402
46,131
3,079
1,305
13,050
850
133,100
12,000
5,359
15,780
43,335
pork and lard, in which
Mess pork sold to-day
at $9 75 on the spot and $9 40 for
October, with sellers at $9 50
for November. Lard sold down to $6
95@7 00 for prime Western
on the spot and for
early delivery; the closing figures to-day
were $6 97^@7 00 for
September and October, $695 for November,
and $6 92| for December.
Bacon and cut meats, can
hardly be
quoted. The depression is attributed to the large production at
the West and the cutting off by the
yellow fever epidemic of the
demand from the South.
Beef nearly nominal. Tallow
quiet.
Butter firm for choice grades. Cheese rather
dearer, at 7@9c. for
State factories. Stearine down to 8c. for
prime.
Kentucky tobacco has been more firmly held, checking busi¬
ness although the
inquiry was good ; sales 650 hhds. for export
and 150 do. for home
consumption ; total, 800 hhds. Prices are
rather firmer ; lugs, 8@5£c.; leaf, f@14c.
Seed leaf in moderate
demand, the sales of the week aggregating 1,247 cases, as fol¬
lows : 600ca8es, 1877 crop, Pennsylvania, 10 to
16c.; 50 do., 1876
crop, New England, 11 to 18c.; 50 do., 1877 crop, New
England,
100 do., 1876 crop, Pennsylvania, 160 do., 1877
crop, State,private
terms; and 137 do., 1877 crop, Wisconsin, 8 to 9c.; also, 150
do.,
sundries, 5 to 12c. Spanish tobacco quiet, and the sales are
only
450 bales Havana, at 85c.@$l 10.
There has been a good, firm market for all
grades of coffee;
mild grades have met with a fair
movement, and Brazil quali¬
ties, particularly Rio, have at times been quite
active; fair to
prime cargoes quoted at 16£@17£c., gold. Rice has been in
steady jobbing sale, with steady values current. Molasses has
latterly been quiet; 50-test Cuba refining quoted at 30c., and New
Orleans grocery at 25@50c., the latter for choice
grades. Refined
BUgars have latterly had a good sale at firm figures, crushed
being
quoted at 9£@9fc. Raw grades have had a fair business at
steady prices; fair to good refining Cuba quoted at 7 3-16@7|c.
The business in ocean
freights has latterly been very moder¬
ate, and rates have shown more or less irregularity and
weakness,
for berth-room
especially. Engagements of grain to Liverpool,
by steam, 6d.; cotton, £d.; flour, 2s. 6d.; butter, in refrigerators,
110s.; bacon, 27s. 6d.@30s.; cheese, 35@403.; butter, 40s.; grain to
London, by steam, 7±@7^d.; flour, 2s. 6d.; do., by sail, 2s. 4|d.;
grain to Bristol, by sail, 8d.; do. to Cork for orders, 6s. per
qr.;
do. to Havre, 5s. 6d.; do. to St. Malo, 6s.
4J-d.; do. to BayoDne, 7s.;
naphtha to Morgan-Pill, 4s. 6d.; residuum to direct port in
United Kingdom, 4s. 6d.; refined
petroleum to direct port con¬
tinent, 4s.; do. to the Baltic, 5s,@5s. 3d.; do. to Spanish
port.
5s. 3d.; do. in cases,
Philadelphia to Genoa, 27c., gold ; do. in
bbls., hence to Trieste, 5s. 4£d.@5s. 6d.; do. hence to
Bremen, 4s.
The market for naval stores has shown considerable
firmness,
that for spirits turpentine
especially, which has been in specula¬
tive request.
At the close, however, business is limited ; spirits
turpentine quoted at 28c ; common to good strained rosin at $1
37-J
@$1 42£.
Petroleum has been very quiet and has
gradually
declined, until crude, in bulk, is now quoted at 5$c., and refined
in bbls. at lO^c.
Lead has been fairly active and steady at
$3 45
@$3 50 for common domestic. American pig iron
presents a
very unsatisfactory state of affairs; 3,000 tons No. 2 and
forge,
have been sold, but at
very irregular figures.
Rails also are
dull, but steady, in view of the fact that the production is well
sold ahead; 700 tons steel were gold at the
mills, quoted at $43
Ingot copper was quiet, but steady at 16c. for Lake. Clover seed
is firmer at 8@8±c. per lb., with an
export demand; timothy $1 40
per bush., and domestic flax $1 50.
Whiskey dull at $1 12.
Mobile
952
1,364
438
3,022
1,015
4,534
355
2,590
25
63
11,599
6,189
1,134
1,357
203
68
596
396
’
*....
Charleston
Port
Royal, &c..
..
Savannah
Galveston
iDdianola, &c
Tennessee, &e
,
1,872
1,386
2,551
.
4,588
.
2,676
1,379
1,328
v
•
2,903
8,503
7,021
....
482
•
•
V
3,811
3,937
246
....
217
391
Florida
108
14
33
48
37
North Carolina
577
86
278
153
49
Norfolk
287
514
636
797
846
29
76
68
26,750
5,885
19,733
18,676
14,506
26,750
5,885
21,664
22,921
19,708
City Point, &c
Total this week
...
Total since Sept. 1.
52
....
The exports for the week ending this
evening reach a total of
2,403 bales, of which 2,157 were to Great Britain, 93 to
France, and 153 to rest of the Continent, while the stocks as
made up this evening are now .57,508 bales.
Below are the
stocks and exports for the week, and also for the
corresponding
week of last
season:
Week
EXPORTED TO—
ending
Sept. 6.
Great
Britain.
Conti¬
France.
nent.
Total
this
Week.
STOCK.
Same
Week
1877.
N. Orl’ns
227
153
380
570
Mobile..
....
....
....
....
....
....
Charl’t’n
Savan’h.
Galv’t’nN. York.
....
....
....
....
....
....
....
....
....
•
1,616
Norfolk-
....
Other*..
....
314
.
•
•
•
.
.
.
.
93
....
....
....
....
....
....
....
1,709
3,161
1878.
1877.
4,435
1,643
3,804
10,526
20,288
2,429
2,816
2,403
4,522
58,990
1,381
18,000
10,098
20,968
34
-
....
....
314
....
3,731
6,000
Tot. this
week..
2,157
93
153
2,403
2,157
93
153
2,403
57,508 110,829
Tot.since
Sept. 1.
3,731
*
The exports this weex under the head of *• ottier
more, 314 bales to Liverpool.
In addition to above exports, our
ports” include, from Balti¬
telegrams to-night also give
the following amounts of cotton on
shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use
by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
us
On
Sept.
6, at—
Liver¬
Shipboard, not cleared—for
France.
pool.
Other
Coast¬
Foreign
wise.
Leaving
Stock.
Total.
New Orleans
1,000
300
None.
None.
1,300
3,000
Mobile:
None.
None.
None.
None.
None.
Savannah
None.
None.
None.
Galveston
None.
None.
None.
3,500
4,118
New York
1,007
None.
None.
None.
3,500
4,118
*1,007
1,643
7,026
5,980
19,961
Total
300
2,007
None.
7,618
9,925
37,610
Included in tins amount there are
bales at Presses for foreign
ports, the destination of which we cannot learn.
From the foregoing statement it will be seen
that, compared
with the corresponding week of last season, there is a decrease
in the exports this week of 1,328 bales, while the stocks
to-night
53,321 bales less than they were at this time a year ago. The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to
Aug 23, the latest mail dates:
are
Ports.
RECEIPTS SINCE
SEPT. 1.
EXPORTED SINCE SEPT. 1 TO—
Great
1877.
1876.
Britain.,
N.OrIns 1371,780
Sav’h..
1180,673
357,573
460,345 471,082
600,819 476,993
M<)bVle.
Char’n*
Galv.*.
450,081
501,827
144,132
121,201
Florida
14,347
144,728
510,116
163,476
20,381
129,519
N. Car.
Norf’k*
Other..
Lastyr.
35,007
156,687
197,417
Other
Foreign
Stock.
Total.
1,780
1,075
19,890
2,929
1,108
685
484
1,039
2,701
34,272
56,677
138
160,691
216,565
400
8,500
2151,305 497,743 681,924 3330,972
49,327
552,802
150,610
This yr. 4273,515
!
822,470 325,406 305,070 1452,946
106,381 26,146 31,566 164,093
131,935 70,355 103,584 305,874
176,247 36,351 138,748 351,346
186,172 26,971 11,291 224,434
338,989
9,659 49,698 398,346
413,691
N. York
France.
19,148
3962,661 2133,305 459,915 438,0353031,255 136,910
*
Unaer the head of Charleston Is Included Port Royal, &c.; under the head of
Galvexton is included Indianola, Ac.; under the head of
Norfolk, Is Included City
Point, &c.
•
These mail returns do not correspond
of the telegraphic figures, because in
necessary to
incorporate
precisely with the total
preparing them it is always
every correction made at the ports.
September 7,
THE CHRONICLE
1878.1
255
'
The market has been rather quiet for cotton on the
spot, and
prices were on Tuesday reduced 1-16c., to 12£c. for middling
uplands. Receipts have been large for the season, but as they
were in good
part on through shipments for New England, stocks
have not been increased to the
extent, but remain at low
figures. Still, at current rate of receipts at the ports apprehen¬
sions of a cotton famine, however short, have been
greatly
same
The
•22
following exchanges have been made during the week:
pd. to exch. 100 Jan. for Oct.
I
TA„Atw
J100 Dec.* 11-01.
| iogetnerj100 Jan>> n.01.
will show the closing prices bid for future
The following
delivery, and the
tone of the market at three o’clock P
the several dates named:
M.,
on,
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
lessened.
To-day, quotations were revised; ordinary reduced
Fri.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
3-16c., strict ordinary and good ordinary reduced £c., and then all
Market— Lower. Lower. Lower.Steadier.Var’ble.
Firmer.Lower.
11*61
11*58
11*55
11-55
grades of Gulf cotton reduced -Jc.; stained quoted l-16c. lower; September
11-54
11*55
11-48
October
11-29
11-27
11-24
11*25
11*24
11-26
11-18
middling uplands unchanged at 12£c. For future delivery the November
11*10
11-08
11*05
11*06
11*07
11*07
11*02
speculation was rather slow, and prices were rather weakening December
11*04
11-03
10*99
11*00
11*01
11*02
10*97
until towards the close of
11*06
January
11*04
11*00
11*01
11*03
11*03
Wednesday’s business, when better
11*98
February
11*12
11*09
11*05
advices from Liverpool, and a demand to cover
11-06
11*08
11*08
11*04
contracts, caused a March
11*18
11*17
11-13
11*14
11-15
11*15
11-11
slight reaction, which was most conspicuous in the winter April
11-25
11*25
11*21
11*22
11*23
11*23
11*19
months.
The impression gained ground that the effect of
11*32
11*32
11*29
11*29
11*29
11*30
11*27
large May
June
11*39
11*39
11*35
11*36
11*36
receipts at that period of the season had been more than “dis¬
11*37
11*33
Transfer orders 12*05
11*60
11*55
11*55
11*60
11*60
11*50
counted,” taking into account the risks to which the crop is still
Closed—
Easy. Steady. Quiet. Quiet. Steady. Easy. Weak.
exposed. Weather reports were rather unfavorable, advising Exchange
100%
100%
100*2
100*2
100% 100%
100%
excessive rains early in the week, but
4*81*2 4*81*2 4*81*2 4*81*2 4*81
latterly a great improve¬ Gold
4*81
4*80
ment in this respect.
To-day, the early months declined 4@6
Tiie Visible Supply of Cotton, as
as made up
by cable and
points, and the later months 2@3 points.
telegraph,
is
as follows.
The
Continental
stocks are the figures
The total sales for forward
delivery for the week are 164,000 of last Saturday, but the totals for Great Britain and the afloat
bales, including — free on board. For immediate delivery the for the Continent are this week’s
returns, and consequently
total sales foot
up this week 4,270 bales, including
for brought down to Thursday evening; hence, to make the totals
export, 4,133 for consumption and 137 for speculation.
Of the complete figures for to-night (Sept. 6), we add the item of
the above,
bales were to arrive. The following tables show exports from the United
States, including in it the exports of
the official quotations and sales for each day of the
past week:
Friday only:
to
UPLANDS.
Friday, Sept. 6. Sat.
ALABAMA. N. ORLEANS
Mon
Ordinary.B>. 10*2
Strict Ordinary
10%
Good Ordinary.
11%
...
Sat.
10%
10*2
10%
10%
Moil Sat.
10*2
10%
11%
11%
Strict Good Ord... 11**16 11**16 11**16
Low Middling
ll*5i6 111516 1U&16
Strict Low Mid.... 12*16 12*16 12*16
Mon Sat.
10%
11%
11%
11%
..
TEXAS.
10%
11%
11%
11**16 11*516 11*516
1H%6 123] 6 123i6
12*16 125i6 12*16
12%6 123ie 123i6 12310 127i6 127ie
Middling
Good Middling.... 12%
Strict Good Mid...
Middling Fair
Fair
1034
11%
11%
10 34
11*516
12316
125i6
127i6
11*%6
123i6
12516
127i6
11%
11%
12%
12%
12%
12%
12%
12%
12%
12**16 12**16 12**16 12**16 12*516 12*516 12*5i6 12*5i6
133j6 13316 133i6 13316 137i6 137i6 13*7i6 137i6
13*3i6 13*3i6 13*3i6 13*3i6 14*16 14*10 14*16 14*16
Toes Wed Toes Wed Toes Wed
Ordinary
Mon.
107,8 lOJie 10%6 10**16 10**16 10**16 10**16
10*3i6 10*3i6 10*3i6 10*3i6 ll*ie 11*16 11**6 n*i6
115i6 11516 11516 11516 11916 119i6 119i6 H916
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
12
12
12
12
Middling
12%
12%
12%
12%
Good Middling.. . 12516
Strict Good Mid... 12%
Middling Fair
Fair
12%
12*4
12%
12%
12*4
12%
12%
12*4
12%
12%
12%
12%
13%
12%
12%
12%
12%
13%
1334
12%
13%
1334
13%
1334
12%
13%
12%
13%
13%
13%
14.
14
14
14
Th.
Fri.
Th.
Fri.
Th.
11%
Low Middling.
11%
Strict Low Mid.... 12
11%
11%
11%
11%
11%
11%
12
12
12
Middling
12%
12%
12%
12%
Good Middling.... 125ie
Strict Good Mid... 12%
Th.
Fri.
11%
11%
11%
12%
12*4
12%
12
11%
12%
12%
12%
12
12%
12*4
12516 125i6 12516 129i6 127i6
12%
13%
13%
13%
13%
12%
13%
13%
STAINED.
12%
13%
1334
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
$ lb.
10*2
12 34
12 78
13%
13*4
13%
13%
14
14
10"l6 107j6
101&16 10**16
11*2 11*16 11**6
11% 11*316 ll*3i6
12%
12%
port. sump
Sat..
Mon
Tues.
Wed
Dem.lght.quo. un
Quiet
Easy, lower
Dull, easy
Thurs Quiet
Fri.
Dull, rev. quot...
.
952
641
....
758
753
....
.
•
•
•
•
Total
....
....
....
....
_
.
.
....
64
73
4,133
137
....
sit.
.
685
344
....
.
ul’t’n
Fri.
10%
11%
100
500
400
100
100
4,270 164,000
1,200
....
.
.
.
0
417
....
....
Deliv¬
eries.
28,400
33,400
22,900
35,000
17,700
26,600
758
753
749
For August.
Bales.
Cts
500
1206
500
For September.
cts.
Bales.
Ct«.
400
100
11*04
11*05
6,800
6.200 ;
11*24
11*25
11*26
11*27
1,600
500
200...
11*28
11*29
11*30
200
....11*52
For
....11-54
1,800
3.200
11 06
8,000
....11 56
11-57
11*58
...11 59
11*60
..
.
.
.
...
3,400
1,000
74,900
For October.
500
e,eoo
4,900
3,700
1,900
2,500
1,400
11*07
11*08
...11*09
100
400
11*10
11*11
900
11*03
1,200
11*04
700
.11*05
For
900
700
10*98
2,000
10 99
11*00
11*01
2,700
2,000...
600
900
11*02
11*03
February.
1,‘00..\... ....11*06
....11*07
1,700
300
1,200
500
500
....11-08
....1109
....11-10
7,000
r
11*14
,11*15
11*16
For March.
200
737,500
170,500
4,500
849,000
191,000
4,250
73,000
61,250
70,000
13,000
63,250
39,000
10,750
12,500
12,000
32,500
47,000
9,750
4,000
6,500
7,750
14,250
13,000
15,250
11,000
Total continental ports....
300,250
440,250
423,750
386,500
Egypt,Brazil,&c.,aflt for E’r’pe
Stock in United States ports
Stock in U. S. interior ports..
United States exports to-day..
..
.
838,000 1,279,250 1,211,250 1,235,500
189,000
168,000
379,000
395,000
14.000
42,000
38,000
26,000
10,000
17,000
24,000
30,000
57,508
110,829
124,009
70,659
6,477
9,303
8,854
8,638
500
500
1,000
....
1,115,485 1,627,382 1,785,613 1,765,797
Of the above, the totals of American and other
follows:
descriptions
Liverpool stock
392,000
are aa
484,000
336,000
42,000
110,829
400,000
309,000
9,303
1,000
8,854
706,485
983,132
880,363
686,297
127,000
323,000
32,000
104,250
349,000
387,000
38,500
114,750
379,000
24,000
64,000
203,500
395,000
Continental stocks
236,000
American afloat to Europe....
14,000
United States stock
57,508
United States interior stocks.. 6,477
United States exports to-day..
500
Total American
bales.
38,000
124,009
500
For April.
100.
11*20
300.
11*21
1,000
11*22
100
500
For
400
100
100
11*23
11*24
11*25
May.
11*27
11*28
11*29
1,000
11*30
200
300
11*31
11 32
2,100
For June.
100
11*40
100
398,000
183,000
26,000
70,659
8,638
•
•
•
•
East Indian,
18,750
64,250
189,000
10,000
Egypt, Brazil, &c., afloat
Total East India, &c
Total American
168,000
17,000
409,000
644,250
706,485
983,132
30,000
905,250 :L,079,500
880,363
686,297
Total visible
These
of
supply
1,115,485 1,627,382 1,785,613 1,765,797
Upl., Liverpool—
6916d.
6d.
6*ied.
7d.
.
figures indicate
511,897 bales
a
decrease in the cotton in sight to-night
compared with the same date of 1877, a
compared with the corresponding date
decrease of 650,312 bales as compared with 1875.
as
decrease of 670,128 bales as
of
1876, and
At
the
a
Interior Ports the movement—that is the
receipts
shipments for the week, and stocks to-night, and for the
corresponding week of 1877—is set out in detail in the following
and
statement:
Week
ending Sept. 6, ’78.
Receipts Shipm’ts
Augusta, Ga
Stock.
Week
ending Sept. 7, ’77.
Receipts Shipm’ts Stock.
Columbus, Ga....
Macon, Ga
2,122
1,070
1,570
Montgomery, Ala
2,098
Selma, Ala
Memphis, Tenn..
Nashville, Tenn..
878
217
41
980
493
731
103
Total, old ports.
7,996
5,549
6,477
1,971
Dallas, Texas....
Jefferson, Tex.
Shreveport, La
Vicksburg, Miss *
Columbus, Miss..
Eufaula, Ala
375
15
366
188
247
15
93
16
28
95
76
2
60
138
121
6
1,574
1,385
476
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
78
432
42
44
803
256
63
78
20
45
105
379
106
9
65
1
48
100
59
128
810
945
23
296
5
290
117
375
146
386
4,289
Total, new p’rts
4,061
3,122
3,502
881
856
7,146
12,051
8,671
9,979
2,852
2,669
16,449
1,959
491
235
200
1,239
225
1,083
t865
2,210
884
729
59
195
688
385
173
20
84
380
156
510
253
351
79
1,813
3,000
2,000
4,000
~7300
13,200
For December.
800
10*99
1,500
November
l’#)4
if 05
January.
Cts.
11*13
1,000
700
11*00
11*01
11*02
42,000
5,000
4,600
9,600.
2,300
3,000
For
900
1,200
8.100
12,400
9,000
5,000
3,300
Ba’es
300
9.400
64,000
....
For forward delivery, the sales have reached
during the week
164,000 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices:
Bales.
5,100
38,500
1875.
2
Antwerp
Total European stocks....
India cotton afloat for Europe.
Amer’ii cotton afloat for Eur’pe>
like 11%
Sales.
952
641
785,000
other conti’ntal ports.
Rotterdam
London stock
Continental stocks
India afloat for Europe
12 34
FUTURES.
Total.
1876.
749.000
55,000
65,000
14,000
17,000
Price Mid.
Spec- Tran¬
839,000
221,250
11,000
.
7,000
19,000
6,500
36,750
43,000
7,750
.
13%
13%
10%
11
SALES OF SPOT AND TRANSIT.
Con-.
807,000
32,000
159,500
Bremen.
Amsterdam
12716
MARKET AND SALES.
Ex¬
537,750
Hamburg
Brazil, dc.—
Liverpool stock
Th.
10*2
11*2
11%
Middling
12%
Mon Toes Wed
11
SPOT MARKET
CL08ED.
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
1877.
519,000
18,750
American—
Fri.
Ordinary
$,5>. 10%6 10*4
10%6 10*4 10**16 10% 10**16 10%
Strict Ordinary... 10*316 10**16 10*3i6
10**16 llhe 10*316 n**6 10*3i6
Good Ordinary.... ll5ie H%6
H°16 11316 11916 11**6 11916 1!516
Strict Good Ord...
Fair
.
125i6 125i6 125ie 12916 12*16 12916 129i6
13 34
Middling Fair
.
Total Great Britain stock
Stock at Havre
Stock at Marseilles
>.
Stock at Barcelona
:..
Toes! Wed
$ fl>. 10716
Strict Ordinary..
Good Ordinary....
Strict Good Ord...
Low Middling
Strict Low Mid....
1878.
Stock at Liverpool
Stock at London.
..
..
Total, all
*
Estimated,
10
473
«...
....
•
799
t Actual count.
....
40
103
....
....
....
3
78
^
....
I
09.45 1
Saturday, Aug.31,
707
812
439
885
456
5,114
890
9,303
148
108
255
247
43
....
1,442
256
THE CHRONICLE
The above totals show that the old interior stocks have
increased during the week 2,447 bales, and are
to-night 2,826
bales less than at the same period last year.
The receipts at the
same towns have been 6,025 bales more than the
same week last
Nashville, Tennessee.—It
Receipts
from tiie
Plantations.—Referring
previous issue for an explanation of this table,
the figures down one week later,
closing to-night:
a
RECEIPTS
Receipts at the Forts.
Week
ending—
1876.
June 7.
“
“
“
10,456
8,444
10,493
14
21.
23.
8,559
July 5.
8,661
“
12.
6,005
“
19.
5.042
“
26.
“
9.
5,589
5,153
5,871
“
16.
7,390
Aug. 2.
“
23.
“
30
7,151
13,278
19,733
Sept. 6.
Total.
FROM
121,825
1877.
Stock
1878.
9,390
8,526
8,526
6,519
6,102
4,404
3,676
3,299
2,691
2,102
1,733
2,044
4,335
5,835
6,879
5,949
5,237
3,782
4,086
3,671
3,069
4,657
5,699
15,784
26,75'.-
69,832
119,945
1876.
12,380
11,231
10,721
to our remarks
we now
bring
Memphis, Tennessee.—Telegram not received.
Mobile, Alabama.—It has been showery six days this week, the
rainfall reaching one inch and
twenty-six hundredths. Crop
accounts are less favorable.
Caterpillars are reported every¬
where, and much damage is being done by them and
by rustr
shedding and wet. On prairie and bottom lands the yield will
be from twenty-five to
thirty-three per cent less than last year.
On uplands the crop is
developing promisingly and generally
equal to last year. Picking general. Average thermometer 80,.
highest 92 and lowest 71. The rainfall for the past month is nine
and ninety-five hundredths inches.
Montgomery, Alabama.—Rain has fallen on two days of the
week, to a depth of tliirty-two hundredths of an inch. The ther¬
mometer has averaged 80, the
highest being 90 and the lowest
70.
Planters are sending their cotton to market
freely.
Selma, Alabama.—Rain has fallen during the week on two.
days. Crop accounts are less favorable on black lands.
Madison, Florida.^— Telegram not received.
Macon, Georgia.—We have had rain on one day this week. The*
thermometer has averaged 82, the
highest point touched having
been 90 and the lowest
PLANTATIONS.
at
Inter’r Ports
1877.
Rec’pts from Plant’ns
1878.
82,569 57,509
76,054 52,154
67,712 45,769
61,078 35,811
57,865 32,077
53,736 23,997
49,5S2 27,979
34,154
29,315
23,287
21,240
19,675
18,033
15,494
47,151 25,361 12,527
42,372 22,472 11,005
35,182 21,574
8,346
28,877 19,118
6,238
23,691 17,60u
5,999
21,627 16,278
6,593
20,760 16,449
9,979
1876.
1877.
5,314
1,929
2,151
1,925
5,418
1,876
83S
3,158
374
•
•
•
•
1,085
1,965
11,214
18,86h
•
•
•
1878.
•
7,509
3,171
6,392
2,141
4,693
....
2,368
1,321
2,658
681
...
1,204
....
has rained here
on two
days this
week, the rainfall reaching eighty-three hundredths of an inch.
The thermometer has
averaged 77, the highest being 86 and the
lowest 68.
Some damage by rust is reported, but otherwise
the
crop is developing promisingly. •
year.
in
[Vol XXVII
4,832
4,384
3,645
1,243
1,119
2,149
410
2,549
5.460
1,123
3,013 15,784
5,885 26,750
23,571 -86,919
76.
This statement shows us that the
receipts at the ports the past
week were 26,750 bales, received
entirely from plantations.
Last year the receipts from the
plantations for the same week
Columbus, Georgia.—It has rained slightly on one'day this
week, the rainfall reaching eiglity-two hundredths of an inch.
Caterpillars are reported everywhere, and great injury is undoubt¬
were 5,885 bales, and for 1876
they were 18,866 bales.
edly being done. The top crop will be poor. The thermometer
has averaged 76.
Weather Reports by
Picking is making fine progress.
Telegraph.—Except in the coast,
Savannah, Georgia.—We have had rain here on three days of
counties of the Gulf States, but little rain has fallen
the past the week, the
remaining four days having been pleasant. The
week, and picking has made good progress. Caterpillars have thermometer has
averaged 84, the extreme range having been 74
undoubtedly appeared in considerable force in several sections, and 93. The rainfall has reached one inch.
more
Augusta, Georgia.—The 'weather during the week has been
particularly, however, in the lower counties of Texas and
warm and
sultry, with a light rain on one day. Accounts are
in a portion of Georgia, but
they come so late that the bottom and favorable. Picking is
progressing, and planters are sending the
middle crops are generally safe and abundant.
crop to market freely.
Average thermometer 88, highest 95 and
lowest 73. The rainfall for the week is one hundredth of
Galveston, Texas.—It has rained during the week on five
an inch,
days, and for the
month five inches and
but confined mainly to the coast
forty-six hundredths.
belt, where caterpillars are
South Carolina.—It has been showery three days
rapidly stripping cotton. On one day we had an unusually severe of Charleston,
the week, the rainfall
reaching one inch and thirty-six hun¬
Storm. • The thermometer has
averaged 80, the highest being 89 dredths. The thermometer has ranged from 77 to 91, aver¬
and the lowest 74.
The rainfall has reached a total of three aging 83.
inches and ninety-eight hundredths.
The rainfall during the
Comparative Port Receipts and Daily Crop Movement.—
month has been eight inches and
A
seventy-two hundredths.
comparison of the port movement by weeks is not accurate,
Indianola, Texas.—We have had showers on three days of the as the weeks in different years do not end on the same
day of the
week, the rainfall reaching seventy-two hundredths of an inch. month.
We have
consequently added to our other standing
Caterpillars are reported everywhere, and great injury is undoubt¬ tables a daily and monthly
statement, that the reader may con¬
edly being done. Picking is progressing finely. Average ther¬ stantly have before him the data for
seeing the exact relative
mometer 81, highest 90 and lowest 73.
The rainfall for the movement for the years named.
First we give the receipts at
month is four and
each port each day of the week
seventy-two hundredths inches.
ending to-night.
Corsicana, Texas.—There has been no rainfall here this week, PORT RECEIPTS FROM SATURDAY, AUG. 31, ’78, TO FRIDAY, SEPT. G, ’78.
and we are
needing rain badly. Picking is progressing. Average D’y s New
Wil¬
Mo¬
Char¬ Savan¬ Galof
Or¬
Nor¬
thermometer 80, highest 94 and lowest 67. We had a
All
Total.
ming¬
rainfall we’k leans.
bile. leston. nah. vest’n.
folk.
others.
ton.
during the month of three inches and twenty-three hundredths.
89
178
724
959
1,634
10
75
82
Dallas, Texas.—The weather during the week has been warm Sat..
3,751
Mon
713
406
806 1,977 1,722
45
1
38
and dry, the thermometer
5,708averaging 80 and ranging from 67 to Tues
373
63 1,065 1,282
893
68
225
77
4,051
94. The drought is
25
getting severe.
75
839 2,732
Picking is making fine Wed
1,045
48
10
25
4,79997
152
The rainfall for August is three inches and ten Thur
progress.
508 1,537 1,666
60
123
81
4,224
'
•
hundredths.
Fri..
354
251
Brenham, Texas.—We have had rain during the week on three
days, the rainfall reaching eighty hundredths of an inch. We
are
having too much rain, and caterpillars are doing much dam¬
age. Picking is progressing finely.
Average thermometer 87,
The rainfall for the month of
highest 93 and lowest 79.
Tot..
1,651
1,130
is two inches and eighty hundredths.
New Orleans, Louisiana.—It has rained
Sept'mbT
August
on
four
the rainfall
days this week,
1877.
98,491
578,533
October..
Novemb’r
Vicksburg, Mississippi.—Telegram not received.
dredths of
an
inch.
Worms
on
the increase.
Little Bock, Arkansas.—The weather
during the week lias
been clear and pleasant, the thermometer
ranging from 64 to 97.
the rainfall
for the month of
seventy-eight hundredths.
averaging 92, and
during the week;
August footing six inches and
There has been
no
rain
56
10
1,094
7,291
4,534 13,233
7,148
287
444
1,397
29,824
822,493
„
787,769
500,680
449,686
182,937
340,525
197,965
96,314
42,142
20,240
34,564
Tot. year.
••••••••
Perc’tage of tot. port
receipts Aug. 31..
Corrections
Total port receipts..
1875.
236,868
675,260
901,392
689,610
472,054
100,194
68,939
36,030
17,631
14,462
66,293
Sept. 1 has been
as
follows:
1873.
1872.
Beginnin g September 1.
1876.
900,119
inch.
Columbus, Mississippi.—The thermometer.has ranged from 78 to
90 during the week, and the rainfall has
reached sixty-six hun¬
863
Year
Monthly
Receipts.
.
an
4,071
The movement each month since
reaching one inch and thirty-five hundredths. The Decemb?r
thermometer has averaged 81. The rainfall for the month
of January
August is five inches and thirty-nine hundredths.
February.
Shreveport, Louisiana.—Caterpillars have appeared in great March...
April....
numbers in some sections, doing
great harm to the crop; but in May
Other places little damage has been
done, excepting by the boll- June
worm.
Picking is progressing finely. The thermometer has July
August...
Tanged from 92 to 68, averaging 81. The rainfall
during the Corrct’ns.
week
has been twenty-six hundredths of
592
'
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
A874.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,750
56,010
17,064
13,524
9,709
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
■
184,744
444,003
530,153
524,975
569,430462,552
309,307
218,879
173,693
72,602
83,515
46,467
31,020
4,038,141 4,191,142 3,497,169 3,804,290 3,651,340
98*36
98-28
99-72
99-68
01-64
01-72
00-32
00-S5
100-00
100-00
00-28
10000
100-00
10000
9915
This statement below shows that
up to Aug. 1 the receipts at
the ports this year were 301,100 bales more than in
1876 and
172,955 bales more than at the same time in 1875. By
to
adding
these totals to August 1 the
daily receipts since that time, we
slip 11 be able to reach an exact
comparison
movement
tl
e
different years.
of the
for
781
September 7,
THE CHRONICLE.
1878.]
1877-78.
1876-77.
1875-76.
1874-75.
1873-74.
1872-73.
Jy.3l 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597 3,573,853
Tot.
Aug. 1....
139
421
635
S.
1,092
“
2...-.
1,465
264
724
521
“
3....
395
861
504
410
1,056
452
846
390
547
“
4....
S.
S.
d.
S.
5....
596
“
6....
509
-
7....
529
618
*
8....
340
247
1,141
1,168
9...i
700
364
1,082
197
468
245
764
364
701
531
1,038
1,084
539
604
218
647
168
967
2,583
1,738
1,526
195
787
1,631
1875
1,930
1876
1877
834
839
S.
394
701
301
924
702
2,175
2,201
1,204
960
1,997
10
*
«
“
11...
S.
12....
712
S.
487
S.
13....
612
“
14....
737
598
“
15....
505
367
1,623
264
1,963
1,714
1,069
634
561
845
330
1,499
394
789
224
864
607
303
1,102
395
592
“
16....
4‘
17....
-
“
18....
“
19....
944
“
S.
S.
S.
S.
S.
21....
984
698
1,364
817
586
807
23....
1,693
404
1,482
972
341
912
532
769
365
1,168
467
1,104
891
397
901
1,573
1,282
944
899
979
736
1,021
1,251
1,574
1,851
“
“
24....
“
25....
“
26....
<<
27..
“
28....
“
“
“
S.
29 ..:
1,994
•2,128
2,563
597
4,011
2,175
764
1,824
2,096
2,264
71,935
.
30....
31....
..
575
766
1877.
1,689
1,890
9,709
S.
2....
1876.
403
5,708
3....
4,051
1,246
“
4....
4,799
616
5....
4,224
6,369
6....
Total
25,151
1875.
1,918
1,691
S.
“
“
1,522
12,299
S.
4,630
1,003
2,996
3,414
882
4,160
port receipts
3,764
00-22
7,782
00-22
1,571
2,101
1,497
2,206
1,563
10,377
00-27
statement
the usual terms.
Fever-Stricken South.—We
Attention to
an
article
on
this
•
would call
subject in
our
our
readers’
editorial columns
to-day.
The Squeeze in
English Cotton Trade.—On the 17th
published an extract received by cable from the
Manchester Guardian,
showing the discouraging state of the cot¬
ton trade at Manchester.
Tuis week we have the
Liverpool Post
of Aug. 22d, and in it a fuller review
of the
which
August
we
be of interest to
It is
the
situation,
our
readers, and
we
will
therefore give it below:
long time since cotton was in so strong
a position statis¬
as it is to-day; but it is a still
time
since the state
longer
of trade in Manchester was so
bad as it is now.
Of late, these
two influences have about
neutralized each other,
as it
especially
was thought that the earliness
of the American
crop would bring
speedy relief; but the movement of the new
a
tically
was
that
9
8
8
4%
3
7
4%
7H
7%
5%
69
7
7 2%
73
Yarn.
Cotton and Cotton and
yarn.
goods.
d.
d.
5%
5%
Goods.
d.
14%
d.
9
14%
8
12l5!6
13%
12%
13%6
11916
5
1^*16
4t16
7%
6%
11%
6*16
10%
6%e
10%6
d1316
5%
5%
11%
Sills
55ie
5%
3%
di%6
A
72-Peed
e.
Lowest...
6
6
6
Highest..
Average..
d.
6
9
1874.
s. d.
6
7
6
7%
1875.
s.
4%
d.
‘
6
7
7
3%
10%
7
3%
-
6
1876.
8. d.
6 9
7
7
1877.
s.
7
8
d.
6
4%
7 10%
s. d.
6 4%
7 ->4%
6 11%
e.
6
6
6
,
d.
3
9
4%
d.
6 0%
6 10%
6 5%
s.
3*4
0%
5G-Peed Grey Shirtings, 39 inches, 37%
yards, 7pounds.
1873.
1874.
1875.
1876.
Average..
.
Printers’, 26 inches, 29 yards, 5 pounds.
1873.
1877.
s.
d.
8.
5
6
5
1%
5
6
5
6
8%
d.
3
0
6%
72-■Peed Grey Shirtings, 39 inches, 37% yards, 9%
pounds.
1873.
s.
Lowest...
Highest..
Average.,
12
13
12
d.
4%
3
8%
1874.
8.
11
12
11
1875.
d.
0
s.
10
11
10
4%
7%
1876.
1877.
d.
s.
d.
7%
9
4%
7%
3
7%
10
9
s.
9%
9
LO
9
d.
4%
0
7%
The present quotations are 5s.
ll£d. for 5 lb. printers’, 5s. 9d.
shirtings, and 9s. 3d. for 9£ lb. shirtings, being l|d.
for 7 lb.
per
piece for 5 lb. printers’, and l^d. for 9£ lb. shirtings
lower than
the past five years, but 7|d.
per piece higher than the lowest prices touched for 7 lb.
shirtings.
The averages comp ire as follows: '
the lowest prices touched in
any of
*
,
5 lbs.
s.
d.
our
ready on Wednesday of the coming
week.
It will be issued on that
day in circular form, and can be
furnished our friends
by the quantity, with their cards inserted,
of
,..
Highest..
1,439
3%
8%
price of middling upland cotton:
Lowest...
1873.
Our Annual Cotton Crop
Report.—We expect to have
Annual Cotton Crop Report
The
4
Cotton.
d.
31,026
shows that the receipts since
Sept. 1 up to
to-night are now 20,991 bales more than they were to the same
-day of the month in 1877, and 10,502 bales more than
they
were to the same
day of the month in 1876. We add to the last
table the
percentages of total port receipts which had been
received Sept. 6 in each of the
years named.
on
10*16
91310
6
5 5%
53
d.
8
7
7
6
6
further illustration of the
position is given in the following
quotations, from Messrs. Heugh, Bal four & Co.’s
reports:
S.
S.
9,349
4
*
s.
indeed. Spinners and
manufacturers, in fact, are being severely crushed between
highpriced cotton and low-priced yarns and goods.
2,465
1,265
1,075
1,615
1,682
2,145
S.
14,649
00-36
....
1874.
0%
2%
d.
It will be seen that the
present margin between the price of
and the value of
yarns and goods is from Id to
l^d
smaller than in any of the last five
years; and, as trade was more
or les3
unsatisfactory during the whole of those years, it follows
that its present condition must be bad
S.
S.
1,064
1,380
1,734
1,407
Percentage of total
Tliis
-
S.
S.
6
6
5
4
4
8141b.
s.
/—Margin between—.
4,038,141 4,191,142 3,497,169 3,804,290
3,651,346
..
Sept. 1—
“
581
S.
66,293
1878.
“
686
5,952
3,751
.
Corrct’ns.
Total
S.
607
971
6
71b.
d.
cotton
1,873
1,996
1,134
1,678
1,297
22....
675
6
4
August, 1878.
2,231
““
S.
2»4
7%
758
0*2
113
1%
H%
1874
S.
627
f
5
IOI^ig
1873
1,423
20....
S.
s.
S.
“
1,167
average
1,744
604
457
d.
lO^s
121516
12”ie
,—Shirtings.—^
5i4lb.
s.
The combined average prices
of the foregoing four descriptions
of piece goods per pound, instead of
per piece, compare as fol¬
lows with the average price of both
descriptions of yarn and the
36475781
■«
207
S.
4% lb.
12i3i6
12«10
ll*i6
August, 1878..
“
S.
-
1876..
1877
-—Printers’.—.
>
d.
IT
1414
1875
2,781
Yarns.
30’s.
40’s.
/
1873
1,727
1,874
257
Aug., 1878
6 734
6 10%
7 334
7 0%
6 5*3
511%
Per piece.
7 lbs.
s.
d.
7 10%
6 11%
6 4%
5 8%
5 6b
5 9
v
9% lbs.
s.
12
11
10
9
9
9
Average
Mid.
d.
per lb.
d.
Up.
8%
7%
7*2
9*2
15*16
15*!6
13Hiq
12916
9
8
733
6%
H^ig
6*16
6&i6
7%
3
12%6
d.
Mar-
gin.
d.
6*i6
6*i«
6%*
65lfi
5%
5%
These figures, like the previous
ones, show how bad the state of
the manufacture has been
during the
past year and a-half. Last
year the margin between cotton and goods was
fd. per lb. below
the average of the
previous four years.' This year there is a
further reduction of £d,
making the present margin l£d per lb.
less than the average of the
years 1873 to 1876, during which, as
al eady observed, business was
by no means very remunerative.
It is obvious that such a
figures disclose
deplorable state of things as these
leading to great financial
cannot go on without
embarrassment amongst spinners and
manufacturers. Those
manufacturers who are fortunate
enough to be the producers of
special makes of goods constantly in demand for the home trade
may be able to get on without much difficulty; but those whose
business is connected with the
export trade (which absorbs from
75 to 80 per cent of the entire out-turn of the
United
must be
experiencing
Kingdom)
anticipated, and the opinion is beginning to be
the autumn
heavy looses. No wonder, therefore,
that almost every day
brings with it fresh announcements of
failures in the
manufacturing districts.
An improvement can
on]y be brought about by one of two
things: either a diminished production of goods or an increased
predicted.
at
pinch will be
crop is slower than
entertained
very
supply of cotton—either a rise in prices at Manchester or a fall
Liverpool. Short time is a very disagreeable measure to
it is very cer .a'n that
spinners will have to diminish their rate of and is only carried out as a last resort. Most spinners adopt,
have,
consumption. But the general belief is that the
necessary reduc¬ therefore, put off this expedient in the expectation that an earlier
tion in consumption will not be
brought about until prices have and larger import than usual of the new American crop would
undergone a further advance—say, at least, to 7d. for
soon
bring relief ; but it is now clear that this hope cannot be
If a further rise is
middling.
necessary, the sooner it comes about the better, realized, and that, sooner or later, the rate of
consumption must
for the simple reason that a
be reduced.
A curtailed rate of
high
consumption would not bring
earlier months of the season would range of values during the relief in the
be fatal to the
form of a decline in the
price of cotton (at all events
prosperity of
business next year. How needful it is that
the production of not immediately), but, if continued long enough, it would
yarns and goods should be cut
down, is shown clearly enough bj certainly establish a higher range of values in Manchester, and
an examination of the
comparative
prices of the raw material and that without stimulating foreign competition ; the deficit in
the manufactured article.
supplies being as potent on the Continent and in the United
The following table is based
upon the quotations given in States as it is in Great Britain.
Messrs. George Fraser, Son & Co.’s
monthly reports. They are
for best seconds 30’s water
Bombay
Shipments.—According to our cable despatch received
twist; best seconds 40’s mule twist; 34
inch, 25yards, 60 reed, 4* lb.
to-day, there have been 4,000 bales shipped from Bombay to
printers’; 34 inch, 25 yards, 66
Great Britain the past week and
4,000 bales to the Continent ;
Pr^n^ers’> 39^ inch, 38£ yards, 56 reed, 7 lb. shirtings;reed,
while the receipts at Bombay
and
inch, 38J- yards, 64 reed, 8£ lb.
during
week have been 2,000
shirtings. The figures are bales. The movement since the 1stthis
the
of January is as follows.
average prices for each year, and the rates
current this
These are the figures of W. Nicol &
month:
Co., of Bombay, and ara
ever
as severe as
the most
Undoubtedly, the figures look
sanguine bull
very strong, and
on
.
brought down to Thursday, Sept. 5,
258
1878
1877
1876
THE CHRONICLE
Shipments this week
Shipments since Jan. 1.
Great
Brit’n.
Conti¬
Great
4,000
4,000
nent.
Total. Britain.
Conti¬
Receipts.
This
Week.
Total.
nent.
8,000 301,000 390,000
3,000 3,000 375,000 407,000
3,000 12,000 15,000 537,000 359,000
[VOL. XXVII,
691,000
782,000
896,000
Aug. 16.
Since
Jan. 1.
2,000
1,000
3,000
851,000
993,000
999,000
From the
foregoing it would appear that, compared with last
year, there has been an increase of 5,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 91,000
bales,
compared with the corresponding period of 1877.
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
Aug. 23.
32,000
Sept. 6.
58,000
2,000
44,000
1,000
47,000
38,000
2,000
34,000
28,000
4,000
2,000
538,000
415,000
16,000
7,000
4,000
144,000
13,000
4,000
1,000
519,000
392,000
20,000.
6,000
4,000
3,000
26,000
2,000
2,000
587,000
465,000
25,000
9,000
6,000
154,000
27,000
Aug. 30.
4,000
7,000
565,000
441,000
28,000
17,000
2,000
145,000
15,000
141,000
10,000<
The
following table will show the daily closing prices of cotton for the
week:
Gunny Bags,
active during the
Bagging, Etc.—Bagging has become more
past week, and a firmer feeling is to be noted
Spot.
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y Friday.
among dealers, who are rather less disposed to accept quoted
Mid.
figures. The sales foot up several thousand rolls, and more
Upl’ds ...@
3>69i6
*@69x0 ...@69l6 ...@6916 ...@69i0
orders are in hand.
The orders have been chiefly for 2 lbs., for Mid. OiTns. ...@ 634 ...®6Hi6 ...@611x6
@611x6
@611x6 ...@611x0
which 10£@10|c. was paid, but at the close the quotations are
Futures.
10f@10^c. for light and lie. for standard weights. Butts are
These sales are on the basis of Uplands, Low
Middling clause, unless
still quiet, but rather more is doing, and there have been sales otherwise stated.
Saturday.
during the week of 1,000 bales. There are a few parcels which
might possibly be had at 2fc., but most dealers are quoting
Delivery.
d.
Delivery.
d.
Delivery, d.
61732'g) Lj Nov.-Dee
Jan.-Feb
l-10@£c. higher. The close is steady, and 2&@2gc. the general Aug
65ie
6732
Sept
dig
Dec.-Jan
6*4
Shipment.
figures, the latter for a strictly prime article.
Sept. Oct
6Lj
Sept.-Oct
6I032 Oct.-Nov., n. crop,
...
—
.
The Exports
Oct.-Nov..
op
Cotton from New York
this
week show
sail
6*4
Monday.
decrease, as compared with last week, the total reaching 1,709
bales, against 3,613 bales last week. Below we give our usual
teble showing the exports of cotton from New
York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1378, and in the last column the total
for the same period of the previous year:
■sports
..6716@1332
a
Sept
Delivery.
Delivery.
61532
Oct
61532
Sept.-Oct........ .67x6
Oct.-Nov
Nov.-Dee
Feb.-Mar
638
6932
6732
Shipments.
Oct.-Nov., n.cp.,si,6*4
Nov.-Dee., n.cp,sl,6732
Dec.*Jan.,n.cp.,sl,6732
Tuesday.
Sept
Delivery.
Oct
of Cotton(balea) from New York since Sent. 1B 1878
Delivery.
67x6©^^32
6!g@ is32
61g'@ i532
Sept.-Oct
Oct.-Nov.
Oct.-Nov
,,6^8
61^32
Shipments.
Oct.-Nov., n.Cp.,81,6932
Nov.-Dee., n.crop,
sail
6*4
Wednesday.
WEEK ending
Same
Total
SXFOBTED TO
Liverpool
Other British Ports
Aug.
Aug.
14.
21.
5,106
2,772
....
Total to Gt. Britain
5 106
(JQ
....
4.
date.
Oct.-Nov
year.
Delivery.
67x6
67x6
Nov.-Dee
Oct.-Nov
Nov.-Dee
638
....
.6932
6iigg
Shipments.
Oct.-Nov., n. crop,
sail
6j4
6j4
Oct.-Nov.,n.cp.s’l, 6732
6*2
Nov.-Dee.,n.cp-.sl.e^
Jan.-Feb., n. crop,
Thursday.
3,464
....
1,616
....
2,772
....
1,616
....
2,074
1,616
1,615
2,074
99
93
93
131
....
....
....
Sept
....
3,464
Havre
Other French ports
Sept.
*
to
Delivery.
Sept
Sept.-Oct
period
prev’m
Delivery.
Delivery.
6^
Sept.-Oct
Shipments.
Sept.-Oct
6i532 @*2 Nov.-Dee...,
6&xe
638®1332
Shipment.
6*4
Oct.-Nov., n. crop,
sail
61732
6j4
Oct.-Nov
Dec.-Jan
Sept
....
sail
6I4
Oct.-Nov.,n.cp., sl,6932
Dec.-Jan.,n.cp.,si.6x4
Friday.
Total French
....
99
....
93
131
Sept
Bremen and Hanover
•
Hamburg
....
Other ports
Total to N. Europe.
■paiiLOporto&Gibraltar&c
50
....
....
....
....
....
....
....
....
50
•
....
Grand Total
5,106
....
2.772
....
3.613
•
•
....
•
—
....
....
....
....
•
•
•
So far
6*2
.
.
•
•
..
1,709
1,709
Sept
6^2
6i532
Shipment.
Oct.-Nov.,n. crop,
sail
6^
..6ii32@5i6 I Nov.-Dee
6932
6932
160
BRE ADSTUFFS.
...
....
I
Delivery.
i Sept.-Oct
.6''16'a>i332 I Oct.-Nov
....
•
I
61732
Oct.-Nov..
Nov.-Dee..
•
....
2,365
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
2,102 bales.
Delivery.
Sept.-Oct
160
•
•
•
Spain, Sec
•
....
All others
Total
93
the Southern ports are concerned, these
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.
Tota] ba,e9
I
The flour market has been dull at
Friday. P. M , Sept. 6, 1878.
drooping prices, but the low
grades, being comparatively scarce, have been supported better
than the medium and higher grades, which are 25@50c, lower on
the week.
Flours from winter wheat
as
comprise the bulk of the
offerings, and these are most depressed; but the products of
spring wheat are more freely offered, in anticipation of fuller
supplies at no distant date. Still, choice Minnesota patents
continue scarce. Rye flour and corn meal have been dull.
New York—To Liverpool, per steamers Spain, 56
Adriatic, 553....
City of Richmond, 13
Nevada, 587
Algeria, 476
1,685 To-day, the market was steadier, but quiet.
To Havre, per steamer Labrador, 93
93
The wheat market has declined rapidly under dull
New Orleans—To Vera Cruz, per steamer City of Mexico, 153
foreign
153
Baltimore—To Liverpool, per steamer Hibernian, 49 and 10 bags
advices
and the consequent cessation of export demand,
59
together
Boston—To Liverpool, per steamer Minnesota, 112
112
with very large receipts and
accumulating stocks, which caused a
Total
2,102 weakening of speculative confidence.
Early in the week there
The particulars of these shipments, arranged in our usual form, were large sales on the spot and for
September arrival at $1
are as follows:
$1 20| for prime No. 1 white, and $1 11^@1 12 for No. 2 red and
Havre.
Liverpool.
Vera Cruz.
Total.
New York.
1,665
93
1,778 amber; but yesterday the business at the close was mainly at
New Orleans
153
153
$1 OS for No. 2 red winter, spot and September, and $1 08£ for
Baltimore
59
59
Boston...
112
112
October, and $1 16£@1 17 for prime No. 1 white. There were
Total
also,
1,856
93
153
yesterday, sales of old No. 2 Chicago at $1 10L and new
2,102
Below we give all news received to date of disasters to vessels
spring at $1 04^@1 05 for September, and $1 03£@1 04£ for
carrying cotton from United States ports, etc.:
October, closing at the inside prices. Receipts at the Western
Fire Queen, str.'(Br.), Williams, from-1 New Orleans Aug. 18, for .Liverpool, markets have continued
large, and the French demand has fallen
reports: On Aug. 25, broke shaft; 30th, 1st. 37:39, Ion. 67:31, was taken
off. To-day, the market was steadier, with a large business on
in tow by steamer Baltimore (Ger.t, from Baltimore for Bremen, and
brought to New York on Sept. 2. It will not be necessary to go on the the
spot at $1 08 for No. 2 red winter and No. 2 spring, and $1 16
Dry Dock or discharge cargo to repair the broken shaft. She was in
....
....
...
-
...
Quarantine on the 3d.
Marie Fredricke. ship (Nor.), from New Orleans for Liverpool,
reported, remained at Key West, Aug. 24, waiting orders.
for No. 1 white.
before
Indian
buoyant for the first half of the week, and No.
50£@50fc. on the spot and September, and
Cotton freights the past week have been as follows:
52£c. for October, with steamer mixed selling at 49£@50c., spot
r-—-Liverpool.——> ,—Havre.—> ,—Bremen.—»
Hamburg-^
Steam.
Sail.
Steam. Sail. Steam.
and September, and 51£c. for October. But the demand was lim¬
Sail. Steam. Sail,
d.
d.
c.
c.
c.
c.
c.
c.
ited and prices fell off slightly. There has been an exceptional
Saturday. —(&\C 15-64 comp.
% cp. —
11-16 comp. )4
X comp. —
Monday.. —<315-64 comp.
\ cp. —(&% 11-16 comp. %
X comp. — demand for Western white corn, with large sales at 54@55^c.
Tuesday.
15-64 comp.
£ cp. —11-16 comp. # \ comp. —
Wed’day. —15-64 comp.
% cp. —11-16 comp. #
\ comp. — Receipts at the West are large, and the weather very favorable
Thursday —15-64 comp.
\ cp. —11-16 comp. yt
% comp. — for the maturing crop.
To-day, the market was rather easier,
Friday.... —15-64 comp.
11-16 comp. %
% cp. —
% comp.
but more active, large sales being made of No. 2 at 49fc., spot
Liverpool, Sept. 6—3:30 P. M.—By Cable from Liver and
September, and 51£c. for October.
POOL.—Estimated sales of the day were 8,000 bales, of which
Rye.has been moderately active at 6i@62c. for Western, and
1,000 bales were for export and speculation. Of to-day’s sales
7,000 bales were American. The weekly movement is given as 63@64c. for State on the spot, with sales, also, of the latter for
follows:
October at 65c.
There was a fair business to-day at these pricey
corn was
2 mixed advanced to
—
September 7,
THE
1878.]
CHRONICLE.
259
Oats have been
active, but the poorer qualities have sold low,
In Store
giving a wide range to values. The market to-day closed quiet, New York
with No. 2 graded at 30£@30fc. for mixed and 30f@31c. for white. Albany
Buffalo
The following are the closing quotations:
Chicago
Flour.
'..
No. 2
*
$ bbl. $2 40® 3 10
Superfine State & West¬
ern
3 40® 3 90
..,
Extra State, &c.....— 4 10® 4 25
Western Spring Wheat
extras
4 00® 4 30
do XX and XXX
4 40® 6 25
do winter X and XX...
4 25® 6 00
do Minnesota patents..
City
City
No. 2 spring
No. 1 spring ..........
Red and Amber Wint’r
Red Winter No* 2
White
Corn—West’n mixed..
do steamer grade.
Western white
9r@ 1 11
1 07® 1 ( 8
1 08® 1 18
46®
48>£®
50
49
53®
58®
56
62
61®
64
4 10® 5 00 Rye—Western
shipping extras
trade and family
State
5
Southern bakers’ and fa-
mily brands
Southern shipp’g extras.
Rye flour, superfine
Corn
meal—Western,&c.
Corn meal—Br’wine. &c.
The
Oats—Mixed
40® 6 00
Barley—Canada West
State, 4-rowed
Western feeding
50
65
30
60
2 90® 2 95
Peas—Canada.bond&free
in breadstuff's
movement
33
28®
28® 38^4
White
4 75® 6
4 25® 4
2 90® 3
2 20 ® 2
at
...
1 08® 1 12
1 15® 1 17
.
6 00 ® 8 25
brands
-
Wheat—No.3spring,bush $... ®
®
....
®
..
.
45®
47
77®
92
this market has been
as
follows:
#—RECEIPTS AT NEW YORK.—\
1878.
.
For the
week.
Flour, bbls.
C.meal, “
99,001
1,565
Wheat,bus.l,585,568
Corn.
“
Rye,
“
Barley, “
“
Oats,
*
825,390
76.414
*54,047
592,559
Same
,
Since
Jan. 1.
1878.
—,
For the
Since
week.
Jan. 1.
45,169 1,619,499
time
1877.
2,737,532
136,423
35,557,287
25,202,273
2,355,868
*2,880,659
9,096,011
EXPORTS PROM NEW YORK.
,
For the
week.
1,873,831
157,805
3,537
149,341
5,32!,338 1,900,435 31,582,903
21,818,484
494,076 19,173,056
701,523
155,882 2,779.219
*2,369,750
1,510,193
115,180
*
Since
Jan. 1.
34,761
575,065
4,258
154,333
822.187 6,336,999
505,347 16,555,618
79,729 1,005,767
771,584
....
6,444,411
*
1877.
2,432,564
1,546
211,152
3,786.962
49,900
839,078
545,815
Kansas City,(24th)
Baltimore
Rail shipments, week
Lake shipments, week
On canal
.
Total
Aug. 24, 1878
Aug. 17, 1878
Aug. 10, 1878
Aug. 3, 1878
July 27, 1878
July 20, 1878
July 13, 1878
Sept. 1,1877
.
-
•
457,251
bush.
169,692
344,902
534,500
74,100
•
•
175,000
250.472
92,702
21,623
61,187
84,487
30,800
53,033
165,204
57,300
•
142.300
'
■
Rye.
bush.
202,773
33,500
13,564
75,500
*
486,742
16,038
2,487
72,000
16^232
10,903
1473,713
105,543
48,457
37,000
32,402
14,197
138
400
14,190
28,692
506,545
204,134
423,050
129,386
65,919
99,504
284,755
265,3:7
SO,812
25,160
458,661
2,530,793
1,800,000
2,198,390
1,550,000
585,540
140,000
1.575
Indianapolis
•
hush.
2,509
190,000
118,599
Peoria
170,076
138,833
772,946
10,997,101 11,846,873
9,749,488 11,035,671
7,740,736
9,299,459
6,527,053
8,301,835
6,092,091
6,590,602
5,636,271
6,612,204
4,403,725
6,659,419
4,425,367
6,447,178
4,316,537 12,033,370
.
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
197,699
96,669
1,098
•
,36,449
•
•
•
•
....
4,COO
101,716
20,843
2,027
8,490
129,600
152,000
3,557,324 1.371,247 895,322
3,018,079 1,205,504 695,441
2,444,904 1,105,708 584,821
1,812,354 1,070,557 407,415
1,357,805 1,027,994 366,550
1,419,093 1,070.214 271,076
1,510,497 1,041,463 301,860
1,530,138 1,006,544 346,724
2,625,724
330,045 636,216
t
Estimated.
THE DRY GOUDS TRADE.
....
106,553
Including malt.
564,037
482,114
Philadelphia
*
1,172,034
32,000
327,600
73,464
St. Louis.
Boston.
Toronto
Montreal (17th)...
Barley,
1,625,546
861,049
Oswego*
Oats,
hush.
38.000
Duluth
Toledo.
Detroit
Corn,
hush.
168,892
Milwaukee...,
Grain.
..
Wheat,
at—
Friday, P. M., Sept. 6,1878.
The
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
AUG. 31, 1878, FROM DECEMBER 31 TO AUG.
31,
AND FROM AUGUST
Flour,
Wheat,
bbls.
bush.
1
TO AUG.
Corn,
bu^h.
31.
Oats,
hush.
jobbing trade has been fairly active during the past week,
large quantities of staple and department goods were
disposed of to retailers in all parts of the country, except the
and
Barley,
Rye,
fever-stricken sections of the South and Southwest.
hush.
hush.
continued
Business
quiet with manufacturers" agents, and importers, and
were
comparatively light; but a fair distribution
Milwaukee
36,040
250,322
of
seasonable
goods
made in execution of former orders, and
Toledo
was
392
935,580
366,389
Detroit
6,049
some duplicate orders were
838,055
5,115
2,859
65
16,634
placed by Western jobbers whose
Cleveland
2,675
37,000
400
21,500
23,000
2,000
stocks
have
St. Louis
40.432
102:338
undergone a marked reduction within the last
488,790
78,651
39,419
21,869
Peoria
1,630
2,835
215,950
183,800
14,501
39,901 fortnight.
About
1,200 cases of Livingston Mills felt skirts were
Duluth
4,500
91,934
peremptorily sold by one of the leading auction houses. The
Total
102,262 3,546,903 3,361,911 1,339,053
294,607
248,419
sale was largely attended, and the competition was
Previous week
92,652 3,735,417 3,448,512 1,432,081
brisk; but
162,296
236,874
Corresp’ng week,’77. 83,766 2,074,692 1,928,051
723,535
152,198
107,056
prices ruled low, especially on the finer grades. The sale
Corresp’ng week,’76. 98,949 1,101,9> 5 2,687,801
848,208
118,200
78,271
amounted to about $200,000.
Tot.Dec.31 to Aug.31.3,643,132 48,449,602 68,048,553
20,617,105
3,544,145
3,031,748
Same time 1877
2,678,388 17,261,501 55,932,690 13.661,939 3,032,332 1,654,245
Domestic Cotton Goods.—The exports of domestics from
Same time 1876 ....3,108,402
30,873,043 54,527,737 16,412,624 3,*07,65l 1,292,818
Same time 1875
this
3,035,361 37,863,673 34,106,993 14,567,800 1,837,603 1,876,041
port to foreign markets during the week ending September 3
Tot. Aug. 1 to Aug. 31 466,473 14,442,621 15,544,401
6,036,154 613,264 972,4 39 were 1,886 packages, the more important
shipments of which
Same time 1877....
444,54b 6,972,976 13,315,095 3,019,072 313,150 714,318
Same time 1876
were to the following countries:
472,634 4,428,910 12,123,389 2,575,716 234,212 295,402
Great
Britain, 1,039 pack¬
Same time 1875
402,442 7,262,385 3,368,473 3,906,431
282,318 365,012
ages; United States of Colombia, 438; Hayti, 215; Cisplatine
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND
Republic, 60 ; Hamburg, 30, &c. It may be remarked that many
RIVER PORTS FROM DEC. 31 TO AUGUST 31.
of the goods lately sent to Great Britain have been
re-shipped to
Tot.Dec.31 to Vug.81.3,821,958 35,310,214 57,133,137 13,569,384 1,685,437
2,231,847
Same time 1877
2,646,547 30,436,040 50,231,437 14,797,739 1,346,424 1,297,548 China and India from that country.
There
was only a moderate
Same time 1876
2,647,732 29,048.979 49,803,008 14,029,091 1,313,917 1,052,922 demand for cotton
Same time 1675
goods at first hands, but liberal sales were
3,274,315 32,669,513 2S,904,442 9,989,945 1,014,956
403,553
made by jobbers in package lots, and the piece distribution was
RAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
of enlarged proportions.
Prices of brown, bleached and colored
AND RIVER PORTS.
cottons,
cotton
flannels,
Week
grain bags, &c., ruled very firm, but few
Flour, Wheat,
Corn,
Oats,
Barley,
Rye,
ending—
bbls.
bush.
bush.
bush.
bush.
bush.
changes in quotations transpired. Print cloths were again a
Aug. 31, 1878
90,011
506,545
265,317
458.661
36.449
8,490 trifle firmer at 3 ll-16c., 30 days, to
3 ll-16c., cash, for 64x64*0,
Sept. 1, 1377
80,520
.205,510
418,744
437,224
58,137
26,716
Sept. 2, 1876
81,438
277,156
860,345
394,212
7,895
33,419 and 3fc., 30 days, for 56i60’s; but transactions were light. Prints
Sept. 4, 1875
66,518
288,014
871,843
3 28,955
10,430
21,539 were rather
less active in first hands, but ginghams and cotton
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
dress goods were in good demand,
WEEK ENDED AUG. 31, 1878, AND FROM DEC. 31 TO AUG. 31.
Domestic Woolen Goods.—There was a
very moderate
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
At—
bbls.
bush.
movement
in men’s-wear woolens from agents’ hands, and sales
hush.
hush.
bush.
bush.
New York
96,744 2,110,252 1,110,260
676,499
121,290 were mostly confined to the better grades of fancy
Boston
cassimeres,
46,677
126,200
311,070
132,535
6,800
Portland.
cheviots and worsted coatings. Overcoatings ruled quiet, aside
2,100
5,800
1,800
Montreal
23,180
746
268,926
ioo
330,525
from such styles as are adapted to the wants of the cloak
Philadelphia
22,510
trade,
254,100
490,300
63,000
7,600
Baltimore
22,186 1,003,800
53,000
112,600
1,400 which met with fair sales.
Cloths and doeskins ruled quiet, and
New Orleans
70
1,125
there was little doing in Kentucky jeans, satinets, or repellents.
Total
213,497 4,000.603 2,124,355
927,580
6,400
130,290
Matelasse
and diagonal cloakings were in fair request
Previous week
197,264 3,941,616 1,961,131
by cloak
846,085
18,005
122,374
Corresp’ng week,’77. 153,860 1,520,905 2.537,269
25,939
643, lb2
118,365 manufacturers at steady prices.
Flannels continued in fair
Tot.Dec. 31 to Aug.31.5,676,107 53,344,461 76,850,032 14,850,700 2,474,515 2,9S1,193 demand,
with most relative activity in colored makes, and blan¬
Bametime 1877
4,4 9,189 ll,o90,«64 57,9*0,563 11,66<*,983 2,141,985 1,089,820
Same time 1876
6,054,111 28,850,878 58,890,723 16,122,384 2,069,749 423,804 kets were a little more active in jobbers’ hands.
For worsted
Same time 1675
5,960,438 32,781,210 35,192,327 11,191,801
340,927 192,821 dress fabrics there was a steady inquiry at first hands, and job¬
Exports from united states seaboard ports and from bers’ sales were liberal. Shawls were in light request, and the
demand for skirts was interrupted by the auction sale alluded to
MONTREAL FOR WEEK ENDED AUG. 31, 1878.
above. Hosiery, underwear and fancy-knit woolens were some¬
Flour, Wheat,
Corn,
Oats,
Rye,
Peas,
what less active, but fair deliveries were made
From—
bush.
bbls.
bush.
hush.
hush.
hush.
by agents on
New
AT—
(196 lbs.)
Chicago
26,363
20,221
(60 lbs.)
902.337
(56 lbs.)
2,614,549
(32 lbs.) (48 lbs.) (56 lbs.)
893,708
129,850
142,298
65,100
88,477
39,280
86,935
1,727
4,607
new
transactions
-
....
....
....
....
.
•
•
•
•
....
York
56,251
4,325
Boston
Portland
Montreal
1,844,133
187,720
583,887
183,739
114,818
2,800
324,555
255,708
4
3,213
316,720
893,674
102,276
214,926
600
450
50
Philadelphia
Baltimore
15,401
Total for week..
Previous
week
Two weeks ago
Three weeks ago....
....
82,040
64,859
80,906
71,772
The Visible Supply
3,51*6,802
2,809,750
2,669,261
2,t06,356
....
....
130,275
865
12
4
26,972
■
1,350.536
922,903
1,261,364
2,062,468
115,876
167,012
175,690
113,734
....
130,275
14,563
•
"
•
•
•
27,849
29,889
66,872
58,755
130,585
121,023
Grain, comprising the stocks in
principal points of accumulation at lake and
seaboard ports, and in transit
by lake, canal and rail, Aug. 31,
granary
1878,
at
was as
the
follows
:
of
account of back orders.
Dry Goods.—Most descriptions of foreign
goods
fairly active in jobbers* hands, and silks, dress goods, velvets
and special styles of millinery goods were in fair demand at first
hands.
Low-grade black and colored dress silks met with liberal
sales, and the late advance in price was steadily maintained.
Housekeeping linen goods were only in moderate demand, and
prices continue low and unsatisfactory to importers. White goods
ruled quiet, but Hamburg embroideries and imitation laces were
Foreign
were
in fair demand.
Meu’s-wear woolens were dull in first bauds, but
active with jobbers.
The auction rooms presented no fea¬
tures of noteworthy interest, and most of the
more
and
unimportant.
offerings
were
light
260
THE
CHRONICLE.
Importations of Dry Goods.
The
importations of dry poods at this port for the week ending
Sept. 5, 1878, and for the corresponding wee'ks of 1877 and 187(5,
have been
follows
as
:
ENTERED FOB CONSUMPTION FOB THB WEEK BNDING
Manufactures of wool..,,
do
do
do
1876
Pkgs. Value.
cotton.,
silk
851
$360,551
217,290
347,6-8
117,959
$379,223
218,363
102,642
944
830
583
611
417
3,251 $1,146,UO
3,390
$1,270,289
744
flax....
495
480
Miscellaneous dry goods.
631
....
SEPT.
1877Pkgs.
Value.
395.503
140,665
135,517
5, 1878.
1873—
Pkg b.
1,103
721
824
1.040
559
Value.
$454,936
224,575
[VOL. XXVII,
Exports of Leading Articles from New York.
following table, compiled from Custom House
returns,
shows the exports of leading articles
from the port of New Yors
to all the
principal foreign countries since Jan. 1, 1878 the
totals for the last week, and also the totals
since Jan. 1,1878
and 1877.
The last two lines show total
values,
including the
value of all other articles besides those
mentioned in the table.
The
589.019
228,026
142,646
4,247 $1,639,202
WITHDBAWN FBOM WABKHOOSB AND THBOWN INTO THB
KABKST DURING TBE
SAME PEBIOD.
Manufactures of wool
761
$331,182
106,585
$201,106
61,042
499
151,260
96,459
26,751
497
213
130
415
225
Total
2,304
Addent’d for consumpt’n 3,251
$715,237
1,146,140
1,483
3,393
do
...
cotton..
silk.
flax....
370
183
491
dry goods.
co
..
do
Miscellaneous
615
$237,667
130,363
75,242
26,819
243
126
510
174
69,052
89.103
91,430
41,306
$494,632
1,270,269
1,703
4,247
528,558
1,639,202
© in oo .-I«»
■
Total thrown upon mark’t 5,555 $1,861,37?
$1,764,671
ENTERED FOB WAREHOUSING
Manufactures of wool....
685
243
111
358
$278 070
68,819
105,842
89
Total
1,483
Add ent’d for consumpt’n 3,251
do
cotton.
silk
flax
do
do
.
Miscellaneous dry goods.
5,950
—jd.r-1
<3
8AME PERIOD.
217
$92,338
26,994
41,343
43,989
21,650
403
147
83
£44
64
$142,339
30,397
89
56
193
33
$572,303
1,146.140
588
3,390
$226,814
946
1,270,269
4,247
$361,033
1,639,202
88.275
...
£ £ g § S g ~ 5 £ 2 £ 2 *5
^H f? 23
22 ~"©"©"■Ci
r-T-T
^ (N
©
Total entered at the port. 4,737 $1,718,413
3,978 $1,497,083
•
40,317
79,3S9
65.325
33,669
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5,193 $2,000,241
omt-
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Imports of Leading Articles.
The
following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this
port since
January 1, 1378 and for the same period in 1877:
X,
Since
Jan.1,’78
Earthenware—
China
Earthenware..
Glass
Glassware
Glass plate
.
8,862
8 896
24,951
159,009
25,793
216,222
15.114
19,849
3,629
6,l2(i
5,554
Metals, &c.—
Cutlery
.
0«
Lead, pigs
Same
time 1877
-
Steel
Buttons?
Cocoa bags
Coffee, bags.
Cotton, bales
Drugs, &e—
Bark, Peruvian.
B1ea. powders..
25,693
17,898
Cochineal
Cream Tartar...
2,135
Gambier
Gum, Arabic....
Indigo
M.adder&Ext.of
Oil, Olive
Opium
Soda, bi-carb...
Soda, sal
Sodaasb
12,881
2,413
4,622
2,921
43,409
528
799
15,701
43,086
44,275
2,231
Flax,
Furs
4,527
Gunny cloth
999
Hair
3,117
Hemp, bales
120,931
Hides, &c—
908
Hides, dressed..
India rubber
Ivory
Jewelry, &c.—
.Towel ry
Watches
Linseed
Molasses.
3,288
23,774
1,175
510
1,655
1,901
370
212 963
309
250 842
63,309
82,142
Receipts
or
-into
<n ooooo3
iTH^iost
>10 03
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^3 i>
Xi Pc*
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I0
•
24,109
27,527
oo
.
■
in ns
.
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■
to
.
to
.
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■
4-H
■
•
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■
C3
•
•
■
4—I
sc tC J 00 00
—i
■
■
■
03
cj ss © I-
...
...
Rye
“
Barley&malt “
OOCJOtfooHCO
NOOvtOi-n
S3
—
«3 00 —
t> » 03
Grass seed...bags
Beans
.bbls.
Peas
.bush.
Corn meal. .bbls.
Cotton.
bales.
Hemp
“A
Hides.....
No.
Hides........bales.
Hops
bales.
Leather
sides.
Molasses
hhds.
Molasses
bbls.
Naval Stores—
Crude turp..bbls.
126.164
48.145
COCO©
:g
:
:
■
■
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oo in S3
TO
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.©no
•
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51
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•
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41,239
283,124
132,980
230,673
463,729
46,082
399,221
39,494
18
113,498
Spirits turp
Rosin ?...
“
2,073
54,C03
“
Tar
“
273,652
.
13,919
bbls.
l,7fS
pkgs.
297,257
363
“
Cutmeats..
“
“
Sugar
Sugar
Tallow
68,112 Tobacco
Tobacco
“
“
“
22.839
0C
■—»
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HT
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•
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12,30^
50,436
795,904
2,926
194,079
13,473
75,040
830,731
363,313
176,320
37.539
632,818
362,191
134.312
26,862
kegs.
22,007
24,358
‘k
293.924
“
15,073
hhds.
bbls.
bales.
© OO -H
qJ^cj
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w.
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^© ©
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CD
CJ Ci
© ©
.
860
15.397
55,466
133,935
109,757
131,711
63,989
19,807
29,112
245,480
13,430
713
© tJ*—' ©
GO ©
52
^ ih r-, ©
CJ 'J-
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cn
0000
©
scss* ©“©
4-H
.
*©50
95
00
m ©
CJ HJ4-
2,032,929 1,488,933
pkgs.
pkgs.
.
•©•'r-TiN'S:
© TJ1
822,747
267,650
bbls.
hhds.
^
*7?CCTf
S3*eo
03 XS
4-HI
©
rS S3
OO ©
r-H
.
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CJ
CJ t-H
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•
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JOsn
’
X3
533,742
29.397
2,363 Whiskey
53,211 Wool
272,207 Dressed hogs..No.
16.619
©
© CO
to
Produce.
Eggs
Stearine
(N -N
.in
332,092
305.5S5
31,332
Since
Starch
*3©
CJ ©
rt*
•
—•
to
592,204
Jan. l,’78 time 1877
Lard
ti*
4—
4^© go qo © cj m ©
t-'©
COOD
’
■p*
7,531.210 8,3!4,029
Logwood
Mahogany
Rice
rr
cT cj
784,259
1,321,165 1,192,534
517,016
585,336
WoodsCork
Fustic
Pork
Beef
Lard
co oo
•
CJ
HJ1
i
558,264
222,470
Ginger
Pepper
Saltpetre
Cheese
m oo-
*
© V3
1,873,850 Oil, lard
bbls.
5,321,836! Peanuts
bags.
21,848,484' Provisions—
6.444,441!
Butter
pkgs.
48,728
459,515
189,509
136,423
157,805
503,683
385,418
2,290
5,846
125,613
141,496
88,419
9:3,650
51,264
3S,013
2,821,354 2,913,026
S3
1-4
'nH
.©
o in 4-4 co
00 CO 4'* n GO
C*
CJ Oi <r
ts
■
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CJ
Cassia...
Pitch
Oil cake
3fi
•
oi co © t- © ao ss
eos3s3©*»CJ4-HTt<,o©
ooinirat-coTHOCT-Ht^r-i
ac © CJ oc in33 Nr-
03
4^
81,404
in
©
03 HT t— © © OI-'CCI © (N
© S3 *n 4-h
■
co
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■
1877
2,355,368
704.523
2,880,659 2,369,750;
to »n
»—
l—
,
"
•
Same
5,029
cc tj< so m
Oct- © CJ
<N —' m
■
»
Ashes
pkgs.
2,972
Bread stuil s—
Flour
bbls. 2,737,532
Wheat
bush. 35,557,237
Corn
“
25,202,273
Oats
“
9,096,011
TfJ
C»ci
.©
receipts of domestic produce since January 1, 1878, and
for the same period of 1877, have been as follows:
time
SO ©
C 03
in <o
The
Since
Jan. 1,’78
© co
•
CJ
■f-Ttor-f
CJ
68,525
93,6S-3
377,579
.
.(OC»MOfflC!iS4CXNH
03
OO
45,698
120,285
.03
e# co
CO
■
192,403
: 73
• T-c
©
$
207,663
•(?) tT
.©^4-4in id ©ct^©_n hji toco_
*c7cj»-44-Hosooin
©*
rH
812,141
401,283
co s? oo
t-SAr4O00 3!rH-ICJ034-H©
.
cm —•
41.302
553,675
272,931
-W
.(NO
co
t-
■
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CS»>rt
675
57,132
91,311
•
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•00—10
33
CJ
■
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• © JO © © Tf
457,899
60,4f-»3
93,759
®_©^
•
o
.
>4j(ini(3N»
t- O SI N S4 S3
*t t-W si CO i#
© i> SO © •“•
QO ri
©
•
1,0C6,904
Spices^ &c.—
Domestic
.e» m
C3
r»31— us oo © go
1,407,642 2,033,395567,392
534,398
36,861
40,i 09
$
o
—•
’
Z* CixT&i
1,105.236
Rice
1,210
4,352
40(724
1
.
....
2,074
Raisins
103,503 Hides, undressed..
i
Bristles
Corks
•
763,206
384
15.271 Fancy goods...
41,103 Fish
36,663 Fruits, &c.—
3,744
Lemons
4,146
Oranges.
4,65b
Nuts
•
■
Wines, &c—
Champagne, bkt?.
Wines
3,282 Wool, bales
8,861 Articles reported by
3,788
value—
29,754 Cigars
2?,946
543
86 595
455,410
Tea
10,290 Tobacco
19,013 Waste
2,539
360
OO N CJ
© © in «"
CJ in o ©
33,245
701,367
697,912
7,9r0,168 7,555,938
92,554
133,753
Tin, boxes.
4/49
Tinslab8,lbs....
94,706
35.093 Paper Stock
16,445
18,013 Sugar, hhds, tcs. &
1,050,123 1,257,652
bbls
3.832
3,294 Sugar, bxs & bags.
Coal, tons
2,694
4,881
772,946
29,787
Spelter, lbs
•
03 O
2,812
"tsTin
h* Hji
r-
■
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M
W
Hardware
SO
<jJ
’
b V
*
China, Glass and
CT.
’
•
•
no
[The quantity is given in packages when not otherwise
specified.]
Since
Same
Jan. 1,’78 time 1877
ci © oo
.
■OOS3 ^4
■00 03 434
&
£
cj cj
>05003
•rt a! zZ.
rt
B«s35®4H|(33§
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-00
4
AAa £.«
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5
®* ®* «5
© © ©
© 4*1
•
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p.
««««»«
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*0
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1(3
QO ^ iO 03 ▼f*
t-th t- ©
in Cl
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rtCJ
CJ
on ©
nr
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n*gMM«<4j.^§§gg’S§4>„-«
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:
15 § s I s § Sio “■3«|gSSo:3'E'E!3d8^
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r—41**
© ©
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•
,
43,
iOOUQU
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:
12,616
47,631
137.312
77,470
103,918
70,609
59,467
©
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September 7, 1878. j
THE CHRONICLE.
GENERAL
GUNNIES.—See report under Cotton
PRICES CURKENT
ASHES—
Pot, first sort
V ft.
4*3
i\
BREADSTUFFS—8ee special report.
BUILDING MATERIALS—
Bricks—Common Hard,afloat..V M
2 00
7 00
Croton
Philadelphia
V bbl.
26 00
90
j bbl.
6*
Cement—Rosendaie
*
Ume—Rockland
common...
Rockland, finishing
Lumber—Plne.g’d
4 75
9 00
© 28 00
© 1 00
© ...
©
© 60 oo
© 22 00
@
£0
© 45 00
@ 45 00
SO
boards,com.to g’d,each.
IP M. It. 38 00
38 00
Ash, good
Black walnut
Spruce boards *
75 00
Sails—10@60d.com,fen.& sb.ft keg
Clinch, l* to 8 In. & longer
...
4 25
Sdflne
Cutspikes,allsizes
Faints—Ld., wh.Am.pure, In oil V
lb
8
7*fi
5
r
6
1 70
15
17
12
8
West’n creamery g’d to ch
“
Welsh, State, g’d to choice
“
Western dairy, fair to pr
“
CHEESE—
State factory,prime to choice...ft
Western factory,g’u to choice..
“
COALLlverpoolgae cannel
Liverpool house cannel
D.L&W.
Auction.
Aug. 29.
Hoboken.
Sched.
Newbura:.*
St’mb.. $3 55
Grate... 8 65
Egg .... 3 75
Stove... 4 05
Ch’nut.. 3 50
50 cents
York.
3
D.&H.
1 75
©
19
@
©
@
19
15
12
S
8
@ 8 50
12 003 13 00
prices at
P.&R
L. & W.
,
Sched.
Sched.
Port
N. Y.
Harbor.
Johnfet’n.
$3 (0
52*
3 7)
3 35
4 *0
3 60
f3 65 @3 70
3 97*@1 00
3 37*
per ton additional for
delivery at New
Coffee—
Rio, ord. car.60and9Gdays.gld.ipib
do fair,
do
......gold. “
do good,
do
gold. “
do prime,
do
gold. ♦*
Java, mats
gold. “
Native Ceylon
gold.
M
Mexican
gold. “
Jamaica
gold.
*•
Maracaibo
gold. “
Laguayra
gold
“
St. Domingo
gold. “
Savanilia
gold. “
Costa Rica
gold.
*
COPPER—
Bolts.
V lb.
Sheathing, new (over 12
Brazlers’(over 16 oz.)
]l*@
16*@
n
28
15
15
14
15
@
@
@
a
per
100 lbs.
Ginseng.
Glycerine, American pure
Jalap
Licorice paste,Calabria....
Licorice paste,Sicily
20
2
“
52
60
15
...
“
“
Licorice paste,Spanish,solid., .gold
Madder, Dutch....
Madder,French, E.X.F.F
Nutgalls,blue Aleppo
OH vitriol (66 Brimstone)
26
“
"
©
©
©
©
@
©
@
cnr.
thubarb, China,good to pr.... “
Sal soda, Newcastle. .tfluO ft, gold
Shell Lac, 2d A 1st English.. V ft .cur.
Soda ash
*100 ft. gold
8ngar of lead, white, prime,* ftcur.
Vitriol, blue,common
“
21
8(1*
25
6
4 25
1 20
18
29“
23
28
6*®
8
5*
4 CO
50
©
@
@
1 12*@
18
19
IV
l 50
1 15
@
21
1 70
6*©
20
7
George’s (new) cod.* qtl. 3 75 © 4 50
Mackerel,No. 1,M. shore
pr.bbl. 14 00 © 22 00
Mackerel, No. 1, Bay...
@ 16 00
........
FRUIT—
Raisins, Seed less
per
do
Layers
do
Loose
do
Valencia.
Currants
Citron
50 lb. frail
3*@
Figs, layer
Canton Glnger.wh.* hf.pots.* case.
Sairdlnes, $ half box
Sardines, * quarter box
Macaroni, Italian
ft ft
Domestic Dried—
Apples, Southern, sliced (new) V ft.
do
do
quarters (new)..
State, sliced
quarters,
Peaches, pared, Ga., g’d to ch’ce
’73
unparei. halves and qrs...
Blackberries («rop 1878;.
............
Raspberries...i
Cherries, dry mixed (crop 1873).....
3 70
1 80
2 00
8
....
French
Dates....,
do
3 60 ®
1 75 ©
1 85 ©
....©
S*®
do
do
© 11 00
3 10 00
,5*
13 O
13*
....©
Nominal.
Prunes, Turkish (new)
do
do
9 00
9 00
10
6 50
©
@
17*0
4
13
8 00
17*
11
12
12*@
U
3
2
3
3
6
©
@
©
©
©
....©
5*©
22
15
It
10
©
©
©
©
4
Q
21
©
*
Grande,
Orinoco,
California,
do....
do....
do....
do....
“
20
©
19*@
19*0
do....
Matamoras.
do
“
Wet Salted—awn. Ay, selected “
Para,
do....
“
California,
do....
"
Texas,
do.... cnr.
E. I.8tock—Cal. kips.slaught.
gold
Calcutta kips, dead green...
**
Calcutta, buffalo
“
20
17
..
©
©
©
©
@
9
Foreign
Domestic,
coarse
Nicaragua,
do
Calcutta
Mace
Nutmegs,Bataviaand Penang
Pimento, Jamaica
78 ©
....©
....©
37
41
39
42*
* ton. 16 50
0 18 00
15 50
14 50
@ 16 W
@16 00
@23 50
Ordinaryforeign
V 100 lbs, gold 6 37*@
Domestic, common
cur. 3 50
@
Bar (discount, 10 p. c.)
.%* ft
&
@
@
21*
19*@
21*
20
rough../...
20
25
23
25
crop..
Texas,crop
Cuba, clayed
V gal
Cuba, Mu8.,refln.gr’ds,50t.est.
“
do
do
grocery grades.
“
Other Yellow.*
Molasses sugars
@
@
2 50
2 50
2 00
“
23 @
1 3?*@
W lb.
FIlt)erts, Sicily
1 63
1 50
2 25
3 50
@
@
©
@
2 CO
30
5
©
©
35
3 37*
4 00
Walnuts, Naples
OAKUM—Navy,U.S. Navy & best V ft.
OILS—
Cotton seed, crude...
Olive, in casks V gall
Linseed, casks and bbls
Menhaden, crude Sound
Neatsloot, No. 1 to extra
Whale,bleached winter......
gal.
*•
“
*•
“
Whale, crude Northern
Spenn, crude
Sperm, bleached winter
Lard oil, Nos. 1 and i
“
23
@
1 10
58
81
60
53
@
....
“
“
“
5*
9*
9*@
Si*@
4*@
8*3
Pecan
91
1 02
45
9
12
10*
32
1 20
©
3
3
5
4
8
4*
5*
24
15*
J3
II
3 50
16
6*0
9
14
&
9*@
10*@
1034
n*.
....©
....©
...©
....©
..©
16'
9
1C?,
6*8
3-163
7*3
7-16 3
7*3
7*@
7*0
7*
IX
V
%
4*@
6*@
9*©
9*3
9*@
“
10
“
9
“
S*§
&*©
“
“
8
*•
#
9X
@
©
*9*'
8*
8*
@
8*7*
7*@
7*3
“
“
....©
V ft.
7
Banca
Straits
gold. 9) ft
-
...a
“
English .refined
Plates.I. C., coke
Plates.cbar.terne
....©
5 30 ©
5 75 Q
f»bx g d.
“
Hyson, Common to fair
do
Superior to fine
cur.^
18
25
Extra fine to finest
do
Choicest....,
Young Hyson,Com.to fair
do
Super.to fine
do
Ex.fineto finest
do
Choicest
Qunpowder, com to fair
do
Sup.to fine
do Ex.fine to finest....
do Choicest
Imperial, Com, to fair
do
Sup.to fine
do
Ex. fine to finest
Ex fine to finest
do
Choicest
Souc.& Cong., Com. to fair
do
©
@
@
16
25
35
@
©
2
8
4
@
&
@
43 ©
Non
18 ©
27 ©
39 ©
14 ©
lb ©
Non
Ex. fine to finest
• •
•
6 0
Non
Oolong, Common to lalrt#M
do
Superior to fine
do
85
16
SO
do
Extraflnetoftnest
Hyson Skin.* Twan..com. to fair.
do
do
Sap.to fine
do
do
•
j
1
1
5 3
iw*@
*•
XEA-
do
PETROLEUM—
©
TIN—
do
52
City, thin oblong, bags.gold, V ton. 31 00
CO ©
Western, thin oblong (Dom.)cur “ 31 CO ©
2 07
1 12
14*@
Uncolored Japan .Com.to lair..,,.,
do
Sup’rtofine
60
82
90
54
45
91
1 05
<a
©
©
©
@
@
©
©
a
©
Store Price*+
do
NUTSBrazil
© 17 OO
© 8 OO
© 4 08
3 28
©
© C0C ’
© 3 90
....
“
“
“
Primeclty
45
45
V bbl. 2 37*3
**
...,@
Almond8, Jordan shelled
14
TALLOW-
NAVAL STORE8—
Spirits turneptine
V gal.
Rosin, strained to goodstrd.V bbl.
low No. 1 to good No. 1
“
••
low No. 2 to good Ho 2
“
•*
low pale to extra p Me,. “
••
window glass
“
33
..
do
off A.
White extra C
Extra C
• 4
QD
Nominal.
Nominal.
**
...
Pitch, city
&
MX
.
granulate!...
cut loaf
Coftee, A, standard
3J
32
*5
9
5%
60
BC
....
cnr.
do
do
23
27
23
26
@
@
“
Defined—Hard, crushed
Hard,powdered
21
@
@
“
.
,...©
“
Tar,Wilmington
• ••
2 06
SUGAR—
Inferior to common refining....ft.
Fnir
“
Good refining
“
Prime
“
Porto Rico, refin., fair to prime **
Boxes, clayed, Nos. 10@12
“
Centrifugal, Nos. 7© 13
“
Melado
“
Manila, sup. and ex. sup
“
Batavia. N os ll'@12
:
“
Brazil, Nos. 9@ll
“
@
“
“
Tar, Washington
@
3 60
$ gall.
American blister
American cast, Tool
American cantspring
American machinery
American German spring
MOLASSES—
Barbadoes
Demerara
Porto Rico
N. O., com. to prime
36
75
00
50
00
60
English blister, 2d & 1st quality.. “
English machinery
“
English German,2d & 1st quality “
LEATHER—
20
“
English,cast,2d&lstquallty V Ibgold
English, spring,2d & 1st quality.. “
6 40
3 62*
5
6
.&
Hemlock,Buen,
A’res,h.,m.&l.^ft.
“
California, h., m. & 1
••
common hide,h., m.&1...,
11
“
8TEEL—
1P*@
“
••
;
Irish
Brandy (Cal.) deliv. ip N. Y....
....@
....@
gold.*ft
3
4
3
3
5
**
“
Domestic liquors—
50
36
SO
2©
SO
—gold.——
V gall.
Alcohol
Whiskev
12&
..-.©
stems
do
1C*
Sheet, single,double & treble, com.
3*@
4
Rails, American
p ton, cur. 32 00 @ 36 00
Steel rails, American....,
43 00 @ 44 00
Slaughter
Batavia
Gin
6TPD
37*®
12*©
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix, 3d proof
2120
Store Prices,
Bar, Swedes,ordinary sizes..V ton. 130 00 @132 50
Scroll.
* lb. 2 5-10@
5
Hoop, *x.No.22tOl&l*x!3&!4 “
5 @ 2 8-10
“
87*®
....©
....©
IS ©
....©
....©
do
IRON--
Sheet
5
4
V ft,gold
Whiskey, Scotch
....©
@
©
®
©
scrap
Honduras, sheet
Mexican, sheet
Sheet, Russia
cur.
Ginger, African
8
11
3
8
4i*@
S8@
Pig,American,No.1
Pig, American,No.2
Pig, American, Forge
Pig, Scotch
100 lb.gold.
common
white
do
...
Carthagena, nressed
Nicaragua, sheet
5 25
©
Cassia, China Lignea
8*
35
41
40
strip
©
&
Cloves
@
®
©
©
Esmeralda, pressed, strip.
Guayaquil, pressed, strip.
Panama
26“
do
10
@
INDIA RUBBERPara, fine
9
6 25
©
©
©
Pepper, Batavia
do
Singapore
14
©
Yearlings.,..
©
8 25
SPIRITS—
....
Para,
SPICES—
9*
©
©
©
HOPSNew Yorks, com. to med..,^
do
good to prime
Eastern
Wisconsin
Old
2!*
21*
26*
i§“
3*3
13
10
8
7
6 00
••
SPELTER-
21*3
**
••
*’
*•
91 ft
lb.gold
Re-reeled Congoun, No. 1...,
OIL CAKE—
165 ©
.:..a
J ?Q a
Gr’d Bk.*
Mackerel,No.2 Mass.shore
Mackerel. No.2.Bay....
“
“
5
cur.
18*@
“
1*®
Opium, Turkey ....(in bond), gold. S 62*3
Prusslate potash,yellow, Am..cur.
22 @
Quicksilver.....
48 ©
gold.
mlnlne
U
1 45
3
66“
at 18 00
©
62
@
5*@
26
25
2*
4
n*a
85
17
21
12
22
@
@
29*a
gold.
“
...-cur.
“
“
16*
0*3
3 65
17 75
“
28
26
28
2 12*3
“
cur.
17
17
....©
....©
Cachlneal, Honduras, sliver...
powdered
India
••
**•
Oak, rough
“
Cochineal, Mexican
Cream tartar,
C ibebs, East
16*
17*
16*
13*
@
©
Bicarb.soda,Newcastle.1001b “
3 70 @
Bichro. potash.......
ftft cur.
13*@
Bleaching powder
$ ICO ft. “
135 a
Brimstone, 2nis & 3rds,per ton.gold.24 50 6
Brimstone, Am. roll...... * lb., cnr.
2*3
“
Camphor refined
23*3
Castor oil,E.I.ln bond. VgaL.gold.
90 @
100 ft
“
25
18
17
@
16
Caustic soda
Chlorate potash
17*
@
@
13
13
14
:...
©275 00
7
6*@
5*@
....
,-.$ft
“
Tsatlees, No. 2.....
Tavdaams, No. 1
Re-reeled Tsatlees, best..
....
©
per 100
SILK—
LEAD-
14*@
American Ingot, Lake
Arsenic .powdered
14*
a
17*3
oz;
COTTON—See special report.
DRUGS &DYESAlum, lump. Am
W 100 lb cur
Aloes, Cape
...# ft. gold.
Aioes, Barbado. s
“
Catch
Gambler.
9
7*a
6*3
Anthracite—The following will show
last auction or September schedule rates:
Peon.
6
"
Rio
7%
@
@
@
gold.200 00
Montevideo,
Corrientes,
_
Lead,wh., Amer., pure dry
Zinc, wh.,Amer. dry, No. 1
Zlnc.wh.. Amer.,No.1,in oil
Paris white. Ena., gold.... V 100 ft.
BUTTER—(Wholesale Prices;—
Tubs,good to choice State
fift.
@195 00
@
Russia,clean
Crude......
Nitrate soda
50
©
* ton. 170 00
Dry—Buenos Ayres, selected. $ ft gold
©
28
16
©
@ 15 00
© 2 25
@ 5 23
@ 4 85
@ 2 85
@
14
V M. ft. 25 00
Reflned.pure
45
HIDES—
@150 00
planks, each
Hemlock boards, each
Maple.
SALTPETRE-
V 100 ft
Jute
....
to ex.dry.V M it. 15 00
18 00
HAYNorth River shlnDlng,
HEMP AND JUTE—
American dressed
American undressed
Italian
Manila
Sisal
(A
©
Pme, shipping, box
do tally
Oak
261
17
©
26
£6
15
26
85
©
©
©
©
@
18
27
40
55
©
©
a
23
SS
SB
©
W
4
©
5
12
..
Snp’rtofine
Ex.fineto finest
Choicest
TOBACCO—
Crude, in bulk
V gal
Cases
<T
Refined
Naphtha,City, bbls
PROVISIONS—
Pork, mess, spot
Pork, extra prime
M
V bbl.
Pork,prime mess, West..M....
Beef, p’aln mess
Beef, extra mess
Beef hsrns,Western
Bacon, West, long clear
Hams,smoked
Lard, City steam,...
RICE—
.,
“
"
"
“
“
V ft
“
“
Carolina,fairto prime
V ft.
Louisiana, fair to prime
“
Rangoon, in bond,
...$ 10C ft
Patna, duty paid.*••..»«.<••••«•
SALT—
Turk’s Island
St. Martin...
Liverpool, Ashton’s fine
.
...
©
5*
13*©
14*
....a
IP*
7.V0
9 63
©
....
©
8
•
•
•
•
•
•
•
•
•
•
•
•
• •
•
6*®
6*0
A
7*
t
....©
•
....©
•
•
....
Havana, com.to fine
Manufac’d.in
bond, black work
“
“
bright work........
8
73
65
11
©
©
1 20
14
©
40
S3
29
89
SO
©
26
26
V Back.
....
@
28
@ 28
02 50
.....V ft.
....©
©
1 35 @
1 65 @
@
©
1 55 @
7*
Timothy
V bush.
Canary, 8myrna
1 7i
'
Canary,Sicily
2 25
Canary, Datch....
1 60
Hemp, foreign
Flaxseed, American, rough
1 47*@ l 50
W 56 Hu gold. 2 00 @ 2 03
Linseed, Calcutta
Linseed Bombay
ft 51 ft gold. ...
©
....
3S
7
10
a
©
19
WOOL—
American XX
Vft
American. Nos. 1 & 2
American .Combing
Extra, Palled.
No.l, Palled
California. Spring Clip—
18
Buperior, unwashed
26
22
Fair
Inferior.
15
12
26
25
23
Barry
V bush.
SEEDS—
Clover,Western
Clover, New York State
5*0
10 ©
6 ©
“
..
©
10 0-J @ 11 00
11 25 © 11 50
20 09 ©
....©
6*
12
11*3
7 a
....
Kentucky lugs, heavy
f»lb
leaf,
“
com. to fine.
Seed leaf—New Eng.wrappers^-’H
"
do
fillers, *76-*77
Pa. assorted lots, ’76-*77
Yara, I and II cuts, assorted..........
Sauth
Am.Merino, unwashed ••••
Cape Good Hope,unwashed........
Texas, fine. Eastern
Texas, medium. Eastern
Smyrna.unwashed
FREIGHTS—
Heavy goods. .V ton.
Corn.b’lk * bg*. V bu.
Wheat,bulk* bags..
Fork......
gold.
-8TUAM.—»
To LlVftBPOOL!
Cotton
V ft.
Flour.........-V bbl.
Beef
23
16
8.
d.
....© *
26 ©....
25 0 @40 0
6 @....
33
3ft
©
©
©
©
45
33
2O
33
24
19
20
28
30
27
22
18
©
©
©
©
©
©
©
©
©
-BAIL.—
8.
'
d.
8. d.
15-54 comp
....©
200 ©
....©
6*@....
•
.
5 6
A....
....©
» bbl.
40
©....
....3
•
• ••»• •
V tee.
•
27 ft
•
V'
••a
v
r
THE CHRONICLE*
262
MERCHANTS
AGENTS,
Providence Line Financial Review,
Boston
J. MURRAY
SO Central
A FULL NIGHT’S REST.
Y
Shanghai
Banking Corporation,
Hong Kong.
Head Office,
AGENT,
S. W. POMEROY
Jb., 105 Water St., N.
Post Office Box
COMMISSION
Co.,
Kong Kong,
BrinckerholT, Turner
States —Foreign
Commerce,
Trade
Balance, U. S. Exports and Imports of Leading
Articles, Tonnage of Trunk Railroads and
Passengers.
London or any railway station in
England—First cabin, $90 to $100, according to accom¬
modation ; second cabin, $65; third cabin, $35, steer¬
age, $27, including everything as above.
Return tickets at very reduced rates, available
through England and France. Steamers marked thus
(*jdo not carry steerage passengers.
For passage and freight apply to
DEBEBIAN,
Agent,
Dealers in
COTTON SAILDUCK
DUCK, CAR COVER
ING, BAGGING, RAVENS DUCK, SAIL TWINES
&C. “ ONTARIO ’ SEAMLESS BAGS,
4
AWNING STRIPES.’
Also, Agents
Company.
always in stock.
and Prices of Call
Paper since 1870.
Gold and Silver-
splendid vessels on this favorite route, for the
Continent—cabins provided with electric bells—will
sail from Pier No. 42 North River, foot of Morton st.,
LOUIS
And all kinds of
The Money MarketInfluences in New York,
Production, Exports and Imports of Gold
The
Co.,
55 Broadway.
Atlas Mail Line.
and
Silver in the United States.
The Silver
Question.
Prices, Movement, &c., in London, 1833-1877.
Prices of Gold in New York, from 1862 to 1877.
Foreign ExchangeMethods of Quoting.
Prices in New York, 1870-1877.
Investments and Speculation-
Principles Relating to Investments.
Investments of Financial Corporations in New
York
City.
Compound Interest Table, Showing Accumu¬
lations of Money in a Series of Years.
Table Showing the Rate Per Cent realized on
Securities Purchased at different prices.
Stock Speculation in New York.
Table Showing the Interest Cost of Carrying
Stocks.
BI-MONTHLY SERVICE TO JAMAICA, HAYTI
COLOMBIA and ASP1NWALL, and to PANAMA and
SOUTH PACIFIC PORTS (via Asplnwall.)
United States Debt and Securities—
ETNA..
September 19
For Haytl, Colombia, Isthmus of Panama and South
Pacific Ports (via Asninwali).
A1LSA
September 14 | ANDES
September 28
State Debts and
Fiist-class, full-powered, Iron screw steamers,
Pier No. 51. North River.
For Kingston (Jam.) and Haytl.
No. 56 Wall
treet.
States; Terms of Payment,
Debt of the United
&c.
from
Superior ttrst-ciassoassenger accommodation.
P1M, FORWOOD & CO., Agents,
Street.
Duane
HAVRE.
AND
Calling at Plymouth for the landing of
utensils.
To Plymouth,
Slip, New York.
Jobbing Trade ONLY Supplied.
Old
No. 109
YORK
Lachesnez.. Wed., Sept. 11, 4:30 P. M.
FRANCE, Trudelle
Wed., Sept. 18, 9:30 A M.
CANADA, Franguel
Wed., Sept. 25.4 P. M.
PRICE OF PASSAGE IN GOLD (including wine):
To Havre—First cabin, $100; second cabin, $ -5; third
cabin, $35; steerage, $26—including wine, bedding and
SODA.
supply all Widths and Colors
and
City—Bank Returns, &c.
Loans and Commercial
follows:
•ST. LAURENT,
or
A. full
New York
BETWEEN
as
SUPER-CARBOMTE
States Banting
Banking and FinancialUnited States —National Bank Figures
Currency Movements.
United
Trans-Atlantic Company's
Mail Steamships,
NEW
MANUFACTURERS OF
United
Mercantile Failures.
Direct Line to France.
York.
John Dwight & Co.,
COTTON CANVAS, FELTING
CONTENTS.
Retrospect of 1877.
HI
it*. From Pier No. 33 North River (foot of
Jay 8treet)
State-rooms and tickets FOR EITHER LINE secured
at 363 Broadway and at all offices of Westcott’s Express
Company. Also tickets sold at all hotel ticket-offices.
Freight, via either line, tauen at reduced rates.
D. S. BABCOCK, President.
L. W. FILKINS, General Passenger Agent.
P
—
»
Manufacturers and
LINE,
EAST.
POINTS
The General
CO., of China,
104 Wall St., New
&
ALL
INFORMATION.
FINANCIAL
Canals.
by
»■■■'
OP
RELIABLE
ONtl
Shanghai, Foochow and
OLYPHANT &
BOOK
YEAR
A
London—Money Market and Bank Returns.
Commercial-
Canton, China.
11
OLD
THE
MERCHANTS,
represented
.
*
5
2,634.
Olyphant &
RHODE ISLAND,
Capt. RAY ALLEN.
Capt. JE3SE MOTT.
Ttf Dally (except Sundays), from Pier No. 29
North River (foot of Warren street.)
Passengers arrive In Boston at 7 A. M. No interme
diate landings between New York and Providence.
FOR
ROSTON.
Place,
14 Exchange
8 T' 8
1
Steamers:
STONINGTOIV
COMMISSION MERCHANT,
The
ONLY 42 MILES OF RAIL
MASSACHUSETTS,
Y.
Charles E. Parker,
(ANNUAL.)
DIRECT.
PROVIDENCE
VIA
The Favorite Palace
Hong Kong &
No.
BOSTON,
TO
Amoy, Foocliow,
Hankow, China.
Hons Kong, Canton,
New York Agency,
S. W. POMEROY Jb„
105 Water St., N.
THE
GREAT
THE
Russell & Co.,
Shanghai and
Miscellaneous.
Steamships.
Commercial Cards.
C OM MISSION
AND SHIP
fV0L. XXVII,
Prices of U. S. Bonds. 1860 to
State
1877.
Securities—
Debts and Immunity from Prosecution.
Prices of State Securities. 1860-1877.
Railroads and their Securities—
Railroads of the United States.
Railroad Earnings.
MANCHESTER
English Railroad Laws.
Miscellaneous.
Prices of Railroad Bonds,
Works,
Locomotive
MANUFACTURERS OF
and Amoskeag
Fire Engines,
Locomotives
MANCHESTER,
Wire
Steam
N. H.
Treasurer,
Superintendent,
40 Water street, Boston
Manchester, N. H
The Investors’ Supplement—
STEEL AND CHARCOAL
The
superior quality
suitable for MINING AND
HOISTING PURPOSES, incllned Planes, Transmission
of Power, &c.
Also Gal
vanized Charcoal and BBfor
to
IRON
W. G. MEANS,
ARESTAS BLOOD,
Rope.
Investors’ Supplement which gives a
complete exhibit of State, City and Railroad
Securities, is furnished during the year only
of
regular subscribers of the Chronicle, and
single copies are sold. One number of the
Supplement, however, is hound np in the
Financial Review, enabling parties to pur¬
chase a single copy in this form.
no
Ships’ Rigging, Suspension
Bridges, Derrick Guys,Ferry
A large stock
Ropes, &c.
constantly on hand from
George A. Clark & Bro.,
which any desired length
are cut. FLAT STEEL AND
IRON ROPES for Mining
purposes manufactured to
1872-1877.
Prices of Railroad Stocks, 1860-1877.
..$2 OO
Price in Cloth
“
To Subscribers of the Commercial )
& Financial Chronicle
J
1
order.
JOHN W. MASON & CO.,
43 Broadway, New York*
WILLIAM
B.
DANA & CO.,
PUBLISHERS,
Smith’s Umbrellas.
AMD
'
BIILWARD’S HELIX
400
NEEDLES.
BROADWAY, NEW YORK.
GUANACO, patented
E. R. Mudge, Sawyer&Co
FOR
AGENTS
Washington Mills,
Chicopee Mfg Co.,
Burlington Woolen Co.,
lillerton New Mills,
Atlantic Cotton Mills,
Saratoga
Victory Mfg Co.,
AND
Hosiery,
Shirts and Drawers
From Various
NEW YORK,
Mb 45 Whit*
,
W. DAYTON, 230
BOSTON,
CHESTNUT STREET.
SILK, paragon frame
Fine Silk
HENRY
5 AUSTIN
Street, near Pearl Street
150 Fulton Street, near Broadway.
104 Broadway, near Pine street.
FRIARS. OLD BROAD ST., LONDON
4
Broadway, near 29th street.
Broadway, near Canal street.
Established A.D. 1802
„
itn't*. >v
7?■
'anminv.iLofniuia
JOSEPH GILLOTT’S
,
St.
HERBERT, *
& repaired
36 Fulton
1188
Y.
Umbrellas in great variety.
Umbrellas and Parasols to order
405
Mills.
8tb**t.
15 Chaunoby
PHILADELPHIA,
$1 00
200
2 50
GINGHAM, any size
79 & 81 William Street, N.
STEEL PENS.
Sold by all dealers
throughout the World,
@FedFRASER