january 17, 1880, vol. 30, no. 760 · tmtiti^ xmm hunt'smerchantsmagazine....
TRANSCRIPT
tmtiti^ xmmHUNT'S MERCHANTS MAGAZINE.
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE ITNITED STATES
VOL. 30. NEW YORK, JANUARY 17, 1880. NO. 760.
Financial.
Phelps, Stokes & Co.,
JAMES STOKKS, BA>KEUS,ANSON PHKLPS ST0KE8.
45 WALI. ST., NEW YORK.COMMERCIAL. CREDITS,
in Dollars for use in United States, Cuba, ic.
Pounds Sterling, available In an jr part of the world-
Also, TBAVKLKR8' CREDITS and
CIRC HI.AB NOTES.
BanqueCentrale Anversoise,
Antwerp.Paid-rp Capital, - 9,000,000 Francs.
BOARD OF DIRECTORS :
Faux Gbtsab. President. _Ai.rBi!i> llAijniMAY (Graff & MaqulnsT), Vlc«-rr«iJ. B. Von dkk Bkckk (B. Von der Becke).Otto Guntubr {Coruellle-Davtd).KUILK DK OOTTAL.Ad. Fbank (FranU, Model A Cle.)
Aug. NoTTEBOHM (NotteboJim Freres).Fb. Dhanih (Mlchlels-Loo8).JOH. I)AS. KuuKMA.fX, .IB. (.Job. Dan. Fuhrmann).Louis Wkbkb (E<1. Weber 4 Cle.)
Jcuts iUuTKHsTBACOH (C. Scbmld ft Cle.)
THAN8ACT8 A
eSNERAI. BANKINCi BCSINESS.A8A P. Potter, Prest. J. J. Ki>i>r Cashier.
Maverick National Bank,BOSTON,
CAPITAL,si;bpi.i;s.
$400,000400,000
COIjIjECTIONS a specialty. Business from Banlisnd Bankers solicited.Satisfactory business paper discounted. Cor-
respondence invited.
Lswis H. Tayi.ok. Jr. LlNDLKY HAINKS-
L. H. Taylor & Co.,Bankers and Brokers,
138 SOUTH THIRD STREET,PHILADKLPHIA.
Deposits received subject to check at slRht. andInterest allowt'd on dally biilances.
Stocks, Bondd, &c.. bought and Huld on commissionin Philadelphia and other cities.
Particular attention piven to Information regard-ing Inveatment Securities.
Kountze Brothers,BANKERS,
12 tTALI. STREET, NEIV YORK,Issue Commercial and Travelers* Credits available
Id an parts of tbe world. Draw Time and SIgbt Bills
on tbe Union Bank of London, and on the CreditLyonnalB, at Lyons or Paris. Make Cable Transfers.
A. H. Brown & Co.,BANKERS AND BROKERS,
t UTall St., Cor. New, New York.KYBSTMENT SKCUBITIB3.
BTeeUl auestlon to bualnes* of coontr; banki.
Financial.
Brown Brothers & Co.,No. 69 IVALL ST., N. Y.,
BDr AND SKLL
BIEL.S OF EXCHANOEO.y ORKAT BRITAIN AND IRELAND, FRANCE,
GERMANY, BELGIUM AND HOLLAND.Issue Commeri-ial and Travelers' Credits
IN STKRLINO,AVAILABLE IN ANY PART OV THE WORLD.And in Francs, In Martinique and Guadaloupe.
nAKE TELEURAPHiC TRANSFERSOF MONEY
Between this and other countries, through Londonand Paris.
Make Collections of Drafts drawn abroad on all
points in the United States and Canada, andof Drafts drawn in the United States
on Foreign Countries.
"S. G. & G. C. Ward,AOSNTS roB
BARING BBOTHERS tc COIdPANY,63 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
John F. Zebley, Jr.,BANKER AND BROKER,
S BROAD ST., NEW YORK,(DRExEr, Building.)
Deader In Investment Secnrltlea.
Orders executed at the Stock and Mining BxchanKes,
Special attention given to Defaulted Railroad andMunicipal Securities of Illinois, Kansas, Missouri,
Iowa, and Nebraska.Correspondence solicited and full information
given on all classes of bonds and stocks.
Sand, Hamilton & Co.,BANKERS AND BROKERS,
3 Nassau Street, Neiir York.
STOCKS AND BONDS BOUGHT AND OLD ONCOMMISSION.
COMMERCIAL PAPER NEGOTIATED.
Financial.
Drexel, Morgan & Co.,WALL STREET,
CORNER OF BROAD, NEW TOBK.
Drexel & Co.>
Mo, 34 South Thisd St.,
Pbiladelphla.
Gwynne & Day,[EatablUlied 1851.] No. 45 'Wall Street,
Transact a general banking and brokerage busi-
ness in Railway Shares and Bonds and Governmentsecurities.
Interest allowed on deposits.
Investments carefully attended to.
WALSTON H. BBOWN. PBKD. A. BBOWV.
WalstonH . Brown& Bro.BANKERS,
II Pine Street, New^ Y^ork.
SPECIAL ATTENTION GIVEN TO THE NKGOTIATION OF
RAILROAD SECURITIES.
R. T. Wilson & Co.,BANKERS AND COMMISSION MERCHANTS
3 Bxctaange fionrt, New York.
Drexel, Harjes k Co
81 Boulevard HaoMmaon
Paris.
DOMESTIC AND FORKION BANKERS.Deposits received subject to Draft. Securities. Oold.
&c., bought and eold on Cemmission. Interest allowedon Deposits. Foreign Kzchange. Commercial Credlta.Cable Transfers. Circular Letters for TraTelen,kvaUable In all parts of the world.
ATTOBWBTS AMD ASSKTS 0»Messrs. J. 8. laoRGAN Sc CO.,
No. J2 OLD BROAD ST., LONDON,
J.& W. Seligman & Co.,
BANKBRB,69 EXCHANGE PLAOB,
CORKER BROAD STREET, MEW TORK.
Issue Letters of Credit for Trarelers,
Payable In any part of Europe, Asia, Afrlos, Aostralls
ad America.
Draw Bills of Exchange and make telecraphle traas-
fers of money on Europe and California.
John Munroe & Co.,t No. 8 WaM Street, Nevr York,
No. 4 Post Ofllce Square, Boston.CHEQUES AND CABLE TRANSFERS ONraUNROE Ic CO., PARIS.
STERLQia CUEQUES AND BILLS AT SIXTrDATS' SIGHT ON
ALEXANDERS 4c CO., LONDON.
ClW7Dia.B NOTXS ASS CUDITS rOB TBATBLBBS.
J.& J.
Stuart & Co.,33 NASSAU STREET.
BILLS 0F EXCHANGE ONSMITH, PAYNE & SMITH'S,
BANKERS, LONDON ;
MANCHESTER 3c COUNTY BANK," LIMITED :"
MANCHESTER, PAYABLE IN LONDON ;
ULSTER BANKING COMPANY,BELFAST, IREUUiD;
Ain> OK TBINATIONAL BANK OF SCOTLAND,
EDINBUBG, AND BRANCHES;ALSO,
JABLE TRANSFERS AND LETTERS OF CREDIT
S.noblauch
& Lichtenstein,BANKERS,
IVIUlam St., cor. Exctaanse Plaee.NF.W TORE,
lake Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letter* el CrsdlC
ji all principal cities of Earope.SPECIAL PARTNER,
DEUTSCHE BA.NK, BerUa.
THE CHRONICLE. Vol. XXr
Cana)Ai«n Banks.
Merchants' BankOF ,
C A MAD A .
Capital, • • - $0,500,000 Paid Up.
PrMldont.theHon. JOHN HAMILTON.
Vlco.Presldent.JOUN McLKNNA.V, EWJ.
HEAD OPKICB, mONTUE'lI..
GEORGE HAOCK, General Mannecr.
WM. J. INGRAM. Asst. General Manager.
BANKERS
:
LONDON, KNG.-The Clydesdale Banking CompV-NKW VokK-The Bank of New Yprk. N. B. A.
The New Y«rk Anent-y buys and sells Sterling Kx-change, (-nblo Transfers, Issues Cred ts available n
SlVrtaof the w,.rld, miiki's cllectlnns In t anadaandelsewhcrc, and issues linifts pijyable at any of
theofBcea of l\ie bank In c:anada. Demand Drafts
Issued payable In Scotland and Ireland, and every
description of foreign banking business undertaken.
New \ork. Agencr, 48 Exchauee-place.UENRy HAGUK. f AaentsJOHN B, HAItmS jB.,i
*gg""-
Bank of Montreal.
Foreign Binnkers.
CAPITAL, -
SUBPLVS, -
$12,000,000, Gold.S,000,000, Gold.
GEORGE STEPHEN, President.
C. F. SMITHEKS, General Manager.
NEW YORK OFFICE.Nos. S9 4c «1 WALil. STREET.
WALTEK Watson,; iientsA. LANO, j
Agents.
But and sell Sterling Exchange, Francs and Cable
Transfers ; grant Commercial and Travelers' Credits
available in any part of the world; Issue drafts on
and make collections in Chicago and throughout
the Dominion of Canada.
Iiomdon Offlce, No. 9 BIrchtn Ijane.
AGENCY OF THE
Ba n kOF
British North America,No. S3 W^ALI. STREET.
Buy and sell Sterling Exchange and Cable Trans-
fers. Issue demand drafts on Scotland and Ireland,
also on Canada, British Columbia, Portland, Oregon,
and San Francisco.
Bills collected and other banking business trans-
D. A. MCTAVISH, ( ..„„.,W. LAW80N, S
-*^Kents.acted.
Imperial Bank of CanadaCapital, $1,000,000.
H. S. HOWLAKD, President ; D. &. WILKIE, Cashier
HEAD OFFICK, TORONTO.BRAKOnBS
:
BT. CATHARIKBS, PORT COLBORNE. ST. THOMASINGERSOLL, WKLLAND, UDNNVlLLK, FERGUS,Dealers In American Currency and Sterling Exchange*
Agents In London: I Agents In New York:BosANtiUKT, Salt & Co., Bank of Montbkal,
93 Lombard street. 1 59 Wall street.
Promptest attention paid to collections payable inany part uf Canada.Apnruved Canadian basiness paper, payable in gold
or currency, discounted on reasonable terms, andproceeds remitted to any part of the United States bjgold or currency draft on i^ew York.
Nederlaridsche
Handel-MaatschappijjThe Netheiland Trading Society
OF HOI.I.A.ND,KSTABLISED 1834.
Pald-np Capital, 36,000,000 Florin*.($i4,40u,000, Gold )
Execute orders for the purchase or sale ol Merchan-
diBC IJouils, Mcclts, ana other etfcuritles. In the
UuiU'd htaten, Europe snd the Kast ; make Collections,
buy and sell l'orel>;n Excliange, and give advances
unon Merchandibe for Kxport.upon Mercuauuj,j^jyj.,J g ,,Ar.TEU, ) AgcnUSTANTON BLAKE, > forHESISY E. HAWLEY, J America
Sew Voek. January 1, 1S79,
Offlce, 14a Pearl Street Nevr York.
Adolph Boissevain & Co.B A N K E K S
COMMISSION MERCHANTSAMSTERDAM, HOLLAND
N. Y. Correspondents.—Messrs. BLAKE BROS. & CO
California Banks.
The Nevada BankOF SAN FRANCISCO.
New ¥ork Agency, 62 Wall Street.
SurploH, Invested in TT. S. BondiP,$3,6011,000 Gold.
GEOKGE L. BRANDER, Agent.
Issues Commercial and Travelers' Credits available
in any part of the world. Drawfi Exchange, Foreign
and Inland, and makes Transfers of Money by Tele-
graph and Cable. Gives special attention to Gold
and Silver Bullion and Specie, and to California
Collections and Securities ; and arranges to pay
Dividends on such securities at due dates.
Bankers, London, SMITH, PAYNE & SMITHS.do do UNION BANK OF LONDON.do New York, BANK OK NEW YORK, N. B. A.
do do American Exchange NAT. Bank.
THK
Anglo-Californian Bank(LIMITED).
LONDON, Head Offlce, 3 Angel Oonrt.
SAN FRANC l»iCO Office, 422 CalUoraia St.
NEW YORK Agents, J. &, W. Selieman St, Co.
Autbortzed Capital, - - $6,000,000.
Boston Bankers.
Paid up and Reserve, 1,700,000.
Foreign Bankers.
Nederlandsch Indische
Handelsbank,AnSTBRDAM, H O I. I. A N D .
Established in 1863.
Pald>i;p Capital, 12,000,000 Guilders($4,800,000 Gold.)
HEAD OFFICE IN AMSTERDAM.Agencies In Bataria, goerabaya and Samarang. '
Correspondents In Padang.
lasae commercial credits, make advances on ship.menta of staple merchandise, and transact othe.bnsiness of a financial character In connection withthe trad* with the Dutch East Indies.
BK.AKE BROTHERS & CO.,AOSNTS POR NORTH AHIKICA,
M WALL STREET, NEW YORK,S8 STATE STREET BOSTON.
Transact a general banking business. Issue Com-mercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favorable terms. FBBD'K P. LOW, t Managers1GNAT% STEINUART. S
*l»na«ers.
P. N. LILIENTHAL. Cashier.
Boston Bankers.
Geo.Wm.Ballou&€oI BANKERS,8 "Wall Street, 72 Ocvonsblre St.,
NEW VORK. BOSTON.
Deposits Received and interest Allowed.
Cbolce RAILROAD and MITNICIPAI.SECURITIES For Sale.
Geo. Wm. ballou. Geo. H. Holt.
F. H. Peck,BANKER AND BRfrKER
No. 7 EXCHANGE PLACE,
BOSTON.
Parker & Stackpole,BANKERS,
No. 68 DEVONSHIRE STEEET
BOSTON.
Brewster, Basset & Co.,BANKERS,
No. S6 CONGRESS STREET,BoatOB, Maaii.
Oealen In Stocks, Bonds, Oold and Gommercta7
,aper.
Orders executed on Commission at Brokers Board
lnctlonB,and Private Sale.
IgTestmeat Securities constantlv on hanti,
Stanton D. Loring,"LATE CASHIEK BLACKSTONE NATIONAL EAXK )
BANKER AND BROKER.
No. 51 STATE STREET,BOSTON.
Dealer in CITY, COUNTY and RAILROAD BONDS
Chas. A. Sweet & Co.,BANKERS
40 STATE STREET, BOSTON.
DEALERS IN GOVERNMENT SECU.ilTIKS, OolOi
State, City, County and Railroad Bonds
Jackson & Curtis,
STOCK BROKERS,
SIOTOTONS' B i; I 1. D I N G»
Boston, ]nass.
Southern Bankers.
Wilson, Colston & Co.,BANKERS ANu tiiiOKERS,
BALTinUORE.INVESTMENT and VIRGINIA BKCUKITIKS s
ipeclalty.Correspondence solicited and information fur-
nished.N. Y. COBB«8PONDBNT8—McKlm Brother"* A r*o.
B. E. UBBBC8B, Pres't. A. K. WAI.KSB, Cashier..
First National Bank,,
Collectiona marie on all parte of the United States
THOS. P.MILLER. R.U.WILLIAMS, JNO. W. MILLBXt^CHAS. B. MILLEU.
Thos. P. Miller & Co.,BANKERS.
mOHILE, ALABAITIA.Special attention paid to collections, with prompir
remittances at current rates of exchange on day ofpayment.CJorrespondentB.—German-American Bank, New
York ; Louisiana National Bank, New Orleans ; Banlcof Liverpool, Liverpool.
U. F. Pbnzkl,J
STATE BANK, > U.T. WauleB.President. ( Incorporated l»i5. t Cashier.
German Bank,I.ITTI.E ROCK, ARK.
CAPITAL (Paid-in) $75,000SnBPi.D8 Z£,000.Prompt attention given to all business In our line.
N. T. CoKBKSFONnKNTS, Donnell. Lawson & Co. ann" Mot'-onollt.ftn National Hsntt.
Financial.
Trask & Francis,BANKBRS AND BROKKES,
TO 'Broa.Awa.y & 16 Jie-w St., New^ liork.
Transact a General Banking Business.
STOCKS, BONDS and OOLD Bought and Sold OBCommission, and carried on Margins.
Deposits Received and Interest Allowed.
KV Accounts of Country Banks and Bankers r«
ceived on favorable terms.
N. T. Beers, Jr.,
BROOKLYN SECURITIES, CITY BONDS,,
Gas Stocks, &:c.,
HAS REMOVED TONo. 1 NEW STREET,
K»T 1, 1879. NEW YORK.
JANUA.I1T 17, 1880.1 THE CHRONICLK iii
Finan cial.
No. as Pine Street, New York.
Parchasenndsell.on Commission. OOVKRNMKNT,8TATK, MlINirll'AL and UAII.IUIAl) IIONDSand STOCKS, anU fill flajtsos of Si'ciirltU'S d«iilt Inat thu NKW YORK STOCK K.\CI!AN<iK. or all
n'(»utal*le SeoiritioH bouitht and sold In th« tJPKNMAKKKT. LOANS and COMMKltCI AI, PAlMCllncKotiatod. Inturest paid on UBI'OSITS subject tofCbeck.
WIIXIAM B. HATCH,'THOMAS H. BOUDBN, FRANK JENKINS.
John J.Cisco & Son,
BANKKKS,No. 59 Wall Street, New York.DKPOSITS liECEIVBO 8UB.IKCT TO CHKCK AT
:B10HT, AND INTKKKST ALLOWED ON D.ilLYBAHNCES.OOVKIJNMBNT noNDS, OOI.D. STOCKS AND
ALL INVESTMENT BKCUKIT1E8 BOUGHT ANDSOLD ON COMMISSION.
Sheldon & Wadsworth,10 i«rAi<i. strx:et,
BANKERS AND DEALERS IN
BONDS AND STOCKS.All classes of negotiable securities bought and
.-sold at the Stock Exchange on commission. Ad-vances made on some.Wm. c. Sheldon. Wm. B. Wadsworth.
Fred. H. Smith,BANKKR AND BROK£R,
No. 13 BROAD ST.. NEW YORK.
RAILROAD SECURITIES' (An intimate knowledge of at) for the past 10 Years)
A SPECIALTY.Investors or Dealers wishing to buy or .sell are
inTited to communicate. State, Municipal andRailway Bonds and Coupons bought and sold at bestMarket Rates.
Hinckley & Jones,TTo. 19 William Street, New York.aOVEUNMENT BONDS, STOCKS
AND INVESTMENT SECURITIESBOUGHT AND SOLD ON COMMISSION.
SPECIAL ATTENTION GIVEN TOiniNING STOCKS.
B. HivcKLEY, Wm. M. Lent,L . M. JONK8. San Francisco.Member N. Y. Stock Exchange. (Special.)Member N. Y. Mining Stock Exchange.
& So.BANKERS,
5S BroadTvay5 cor. Exchange Place,
TRANSACT A GENERAL BANKING BUSINESS,INCLUDING THE PURCHASE AND SALE OFSTOCKS AND BONDS FOR CASH OR ON MAR.GIN. BUY AND SELL COMMERCIAL PAPER.
P. O. Box 447.
D. A. BOODT. C. W. McLkllan, Jr.Reitben Leland,
Gilman, Son & Co.,BANKERS,
63 CEDAR STREET,
In addition to a ueneral Banking Business, buy and
'lell Goremment Bonds and Investment Securities.
J.D. Probst & Co.,
-STOCK AND BOND BROKERS,No. 52 EXCHANGE PLACE, NEW YORK.
stocks, railroad bonds, governments, andMiscbllaneodsISecdrities, Bought and Sold
J.Alden Gaylord,
33 Wall St., New York,DKALBK IV
«T. LOUIS Cirv Sc COUNTY BONDSAND ALL CLAS8BB Or
a(rVK8TMENT & MISCELLANEOUS BECUKITIKS'iteferi by»«rmlHlon to W. B. Nichols * Co^ Bankeri
Financial.
BONDS OF SIJBETYSHIPFor Offlcero and Employee* or Banks
aud Hallivaya.
No BANK OH Railroad Empi^oyreNekd ahk hisKrie.ndh to I1i:('o.>ie ok Co.ntinur His
Suuetium, as the
Canada Guarantee Co.GRANT8 BOXnS OF SECURITY FOR ALLKLKflBLK .MKN I.N SUCH POSITIONS AT A
TKIKL1N(; CilAUOK PKR ANNUM.This Cnnipany'M Svin'tyship is accopted by many
nf thfl prlnrlpal ('. S. Railroad Coiiipititics and Homeof th(! HanltH. In liuiudu ItN Itonds are now almoHtutilvcrnally rnijulrcM by tlio Oov«Tnmi?nt8, Bunks.Rntlway.i, and ComtiH-rrial Institution.'*.The Canada (^i'akantke Compaw Is the /wfy
Conipiiny on the American Continent that hasnuccessfully conducted this buslncs.-*.—» result ofwhich is that It ha.s tii>t<n able to iMtiibli.th a Uouuhsystem for thosi- who hiive been 3 or more years onthe book.H, whi'ri'l)v tUa Hubsequciit premiums nrt'annually rcdiu-ed.-zAr reduction thin j/ear in from 15to :tt per rent on the w^nat rate.The udvantaues of transactInK business with this
Company are that it Is a well-established institu-tion, and has ample re.serves, over and above Itscapital, to provide iijjainst exceptional reverses.The most cimipli'ti' iind reliable information is ob-tained us to the fiitti'irdfii H of Employes, and this Isreally of the first importance to the Employer, asalso the system of periodical supervision and revis-ion of those on the (Company's Books.Over $1()0,0(W) have already been paid by this Com-
pany for loH-ses by unfaithful employes, without attinule rontfst lit lawThe available Assets of the Company (at3Ist Dec. 187H), over and above uncalledCapital, were $110,046
And the Gross Resources f;476.46«(See Report to Government to December 30th. 1878,
just published.)Phospecti'S, Fokms, Ac. may be had on applica-
tion to theIIKAD OFFICE:
360 SC. James Slreet» IVontrealEDWARD RAWUNGS. Manager.
FIDELITY OUARANTEEPOLICIES ARE ISSUBD BY THE
Knickerbocker Casualty
Insurance CompanyEOF NE\r YORK,
guaranteeing the fldolitjr of persons holding posi-
tions of pecuniary trust and responsibility, thussecuring a CORPORATE GUARANTY In lieu of apersonal bond where security Is required for thefaithful performance of the duties of employes inalt positions of trust.
Full information can be obtained at the office, 187Broadway.WM. M. RICHADS. LYMAN W. BBIGGS,
President. Vice-President.JOHN M. CRANE, EDWARD STARK.
Secretary. General Agent.
Hilmers,McGowan& CoBROKERS IN
FOREIGN EXCIIANGE,63 IVall Street, New York.
(P. O. Box 2,M7.)
Special attention paid to the negotiation of Com-mercial Bills. Also execute orders for MiningStocks at the San Kranci;ico Stock Exchange, throughtheir Correspondents Messrs. Kennsy A DVKR.NEW YORK,m rearl Street.
BOSTON.70 Sute Street
GOSSLER & Co.,OOBBKSPONDXNT8 OP
International Bank of Uambars and• London, (Limited.)
HOUSE IN EUROPE,JOHN BERENBERG, GOSSKiER A: CO
HAMBURG
R. A. Lancaster & Co.,BANKERS AND BROKERS,
66 BROADWAY, NEW YORK,DKALZes IK
First-CIasa Investment Securities.GOVERNMENT BONDS, STATE. CITY, COUNTYBAILBOAD & MISCELLANEOUS SECURITIES
Bought and Sold on Commission.Virginia Tax-Receivable Coxtporu) Bought.
SOUIIIEBN SECURITIES A. SPECIALIY.LOANS NKGOTIATED.
INTEREST ALLOWED ON DEPOSITS.
B^ SPECIAL ATTENTION GIVEN TOFUNDING VIRGINIA AND NORTHCAROLINA STATE BONDS.
J. c walcott &.
BANKERS,CO..
No. 29 Broad Street,
Transact a General Banking Business, buy and sellon commission all securities dealt in at the NewYork. PhUadelphiii and Boston Stock Exchanges,ettherforcash oronmargtn. Special attention givento Mining Stocks.
jos. C. WALCOTT. Frank F. Dickinson,Memben N. V. Stock and Mining Exchanges.
Financial.
FInt Hortjra^e Six Per Cent Bondsor TBB
Chicago Mil. & St. Paul
Railway Co.PRINCIPAL DUB JULY I, 1909.
I.VTERKHT PAYAIILE jA.SirAKV AND JULY.BECUUKD nV A
FIRST nORTG \GEON THE SOUTH*IVESTKRM DIVISION.
KOU SALE BYWINSI.OIV, I.AN1ER & CO.,
20 NASSAU STREIiT,
J. S. KENiN'EDV &, CO.,03 WILLIA.M 8TREKT.
Geo. H. Prentiss,
lil BROAD STREET, NEW YORK.
GAS STOCKSAND
GAS SECURITIES,STREET RAILROAD STOCKS AND BONDS
AND ALL KINDS Or
BROOKLYN SECURITIES,DEALT IN.
SEE GAS QUOTATIONS IN THIS PAPER.
Jesup, Paton & Co.,RANKERS,
62 WiUiam Street, New Yorlt.
Accounts and Agancy of Banks. Corporations.Arms and Individuals received upon favorable terms.Dividends and interest collected and remitted.
Act as agents for corp(>rations In paying couponsand dividends, also as transfer agents.
Bonds, stocks and securities bought and sold onommlssion.Sound railroad and municipal bonds negotiated.Sterling exchange bought and sold. Drafts on
Union Bank of London.^
J.S. Kennedy & Co.,
Baakers aud Merchants,
No. 63 WILLIAM STREET.Heir York,
BUY AND SELL
BAILnOAD INTESTMEST SECUSITIES:
Collect Coupons ako Oittdxnds ;
NEGOTIATE LOANS AND DRAW BILLS OFEXCHANGE ON LONDON.
All business relating to the Conjtmctlon and
Equipment of Railroads undertaken.
Wm. F. Owbns. Geo. A. Mercbr.Member. N. Y. Stock E!xcbange.
Owens & Mercer,BANKERS
AND COMMISSION STOCK BROKERS,7 Exchanee Court aud 62 Broadivay.Interest allowed on deposits, to be drawn at will.
Also, Contracts made and carried In New YorkCotton and Produce Exchanges. We issue a DallyLetter which will be sent on application.
W^ANTED:Louisville New Albany A (^hlcago BR. Stock.Flint & Pere Marquette Rjiilroad Bonds.Central Railroad of Iowa llijnds.
I*ort Huron & I>iike Michii.'an Railroad Certificates.Fort Wayne jHckflr>n ,V Sauinaw UR. Bonds.St. Joseph & Western KiUlroad Securities.Atchison i Pike's Peak Kit. Ilonds. Stock and Scrip.New Jersey Midland Itailroad Certificates.New York S Oswego RK. Bonds and Certificates.International k Great Northern Railroad Stock.Indianai>oIiB & St. I^mis Railroad Bonds.Kansas & Nebraska RIl. Bonds and Stock.Indianapolis nioominnton & Western KR. Bonds.City, County and Town Bonds of Western States.City of Winona, Minn., Bonds.City of St. Joseph. Mo., 7 and 10 Per Cent Bonds.City of Atchison. Kansas, Old Bonds.
Willi R. UTLEY, 31 Pine St., N. V
H. L. Grant,No. 1 4 S* BRO AD W^ A Y,
NKW YORK.
CITY RAILROAD STOCKS & BONDSBOUGHT AND SOLO.
Bee iiaotaUoaa at Cltr BaUroada In tbl* paper.
THE CHRONKJLE. [Vol. XXX
Financial.
UNION TRUST CO.OF NEW YORK,
No. T8 Broadway, Cor. Bcctor St.
CAPITAL, $1,000,000.
HAS SPECIAL PACILITIBS FOR ACTING AS
Tran»rcr Agent andRegistrar of Stocks.
Aatborlied by Uw to »ct M Executor, Admlulitr*-
tor, Oiurdlaa, Receiver, or Truitee, and la a
I.BOAI. DKPOSlTORir FOB OTONEIT.' Interest allowed on Deposlu, which may be madeand withdrawn at any time.N. B.—Cheokt on this Instltntlon pan thronyh the
CMarlnc-Ronu. KDWAUD KING, JYemitaU.J. M. MoLlAK, t»l Vlce-fi'ealdenl.
J. II. OoiLviic, id Vice PraMtnt.
EXECUTIVE COMMITTEE.J. M. McLEAH, 8aMU«L WlLLITS,ArocsTtie SOHiLL, Wm. Wuitkwright,K. B. Wmuit, Gio. Cabot Wakde. tt. WtLUAHa, C. D. Wood.
X. O. R0NALD90N, Secretary.
The Brooklyn Trust Co.Cor. of Montasue & Clinton sts., Brooklyn, N. T.'
This Company Is authorlied by special cliarter to
•et aa receiver, trustee, guardian, executor, or ad-niniatrator. ^ .
It eaa act aa asent In the sale or management of
TCsl estate, collect Interest or dividends, receivereirlstry and transfer books, or make purchase andaale of (iovernuient and other securities.KelltEluusund charitable InstilutUins, and persons
unaccustomed to the transaction of business, will
and this Company a safe and convenient depositoryfor money. HIPLKY UOPES, President.
CHAS. U. MARVIN. Vice-Pres't.EDOAR M. CrLLEN*. Counsel.
TKUHTBES:Wm. B. Kendall, Henry Sanger, Alei. McCne,John P. Rolfe, ('has. B..Marvln. A A. Low.Thomas Sullivan, Abm. n.Uaylis. Henry K.SheldonH. E. Pierrepont. Dnn'IChauncey, John T. .Martin,
Alex. M. White, .loslah O. Low, Klplcy Ropes,Austin Corbln. Edmund W. Corlies.
WM. H. BUNKER, Secretary.
JA8. 1,. Anthonv. Member N. Y. Stock Exchange.Henry w. Pooh.JAS. H. OUPHANT, Member N. Y. Mining Exch'ge.
ANTHONY, POOR & OLII HANT,BAKKEKS AND BROKERS.
No. 10 Broad Street, Newr York,And 83 Devonsblre Street, Boston.BUY AND Sell ON Commission all Securities
cuhke.nt at the new yoiik stock exchange.Allow Interest u.v Deposits. Make AdvancesON Al'PIlOVED COLLATEltAL.
NewYorkjNew England& Western
IWVE&TiriEXT COiMPAISY,NOS. 31 AND 33 PINK ST., NEW YORK,No. 19 CONGRESS STREET, BOSTON,UNION BUILDING, CHICAGO.
CAPITAL STOCK, - - - $200,000.Offers to investors carefully-selected securities,
bearing from 6 to H per cent Interest. Investmentsecurities bought and sold on commission. Settle-ments made for holders of defaulted securities.Will act iia agents in funding and reorganizing debtsof municipalities, railroad companies, and othercorporations. Correspondence solicited.
John C. Shout, President,i naw vnrtGeokokW. liEHEvoisE. V. Pres.,!"^" '""•
r.l'cms I.. HCBHAui), Ast. VIce-Pres., Boston.W.M. P. Watson, Sec. and Treas.. Chicago.
K.XKCUTIVE COMMITTEE:rorewell u. kolston, william p. watson,John C. Shoht, Geouoe f. Tauian,
GEOKGE W. DEBEVOISE.
STOCKS and BONDSAt Auction.
be nndersigned hold REGULAR AUCTIONSALES or all classes of
STOCKS AND BONDS,OM
WEDNESDAYS AND SATURDAYS.
ADRIAN U. MULLER & SON,No. 1 PINK STREET. NEW YORK.
Albert E. Hachfield,19 NASSAU STBEET,
BASEMENT,Deals In Investment Seeurltles and
Bonds Generally.
WANTED.Toledo I,ogan»port & Burlington Bonds.Union A Logansport Bonds.Home Watertown A Ogdensbnrg Bonds.Flint A Pere Marquette Bonds and Stock.Indlanaixills Blo.,mlngton A Western 013 andNew Securities.New York A Oswego Midland Bonds.New Jersey Midland Bonds.
Financial.
DIVIDEND No. 5-OPFICE OF THE MO-BILE & MONTGOMERY RAILWAY COM-
PANY, DRBXKL BtTILDINQ, NEW YORK, DeO. 30'
1870.—The Board of Directors of this company have
this day declared a Dividend of Two and One-half
per cent on the capital stock of the company
(equivalent to three per cent on the old bonds) out
of the earnings for the six months ending Decem-
ber 31, 18TO, payable at the ofllce of Messrs. Drexel,
Morgan A Co., New York, on and after the 2d day of
February, 1880.
The transfer hooks of the company will b2 closed
from Saturday, the 21th day of January, 1880, until
the close of the annual meeting of the stockholders
to be held at Montgomery, Alabama, on the 4th day
of February, 1880. J. P. CURTIS. Secretary.
CENT upon its Caiiital Stock, payable on the 2DDAY OF FEBRUARY NEXT, at this office.
The transfer books will be closed at 3 o'clock P. M.on Saturday, the 27th Inst., and will be re-opened onthe morning of lYiday, the 6th day of Februarynext. E. D. WORCESTER, Treasurer.
The Michigan Central Railroad Company, )
Treasitrer's OppioE, Room No.46,\
Grand central depot, New York, Doc. 10,1871).
)
'I'HE nntECTOKS OF THIS OO.Ml'ANYI have this day declared a dividend of FOUlt PERCENT upon its Capital Stock, payable on the 2d dayof February next, at this offlee.
The transfer books will be closed at 3 o'clock P. M.on Saturday, the 27th inst., and will be re-opened onthe morning of Friday, the 6tli day of Februarynext. C. VANDBRBILT, Treasurer.
BUKLINGTON CEDAR RAPIDS ANDNORTHEHN RAILWAY COMPANY.
NOTICE TO STOCKHOLDERS.The regular Annual Meeting of the Stockholders
of this Company will be held at the General Offices
of the Company at Cedar Rapids. Iowa, at twelve
o'clock, noon, on TUESDAY, Feb. 24. 1880. The
Transfer Books will be closed on the 24th day of
January, 1880. W. D. WALKER, Secretary.
OFFICE OF THE HOmESTAKEMINING COMPANY. No. 31 BROAD Street,
New York, January 12, 1880.
DIVIDEND No. 13.
The Regular Monthly Dividend of Thirty Cents
per share has been declared for December, payable
at the office of the transfer agents. Wells, Fargo &Co., 85 Broadway, on the 26th Instant.
Transfer books close on the 20th Instant.
H. B. PARSONS. Assistant Secretary.
pONTINENTAL, NATIONAL BANK, NEW^YORK, January 13, 1880.—The following-named
gentlemen were this day elected directors of this
bank for the ensuing year
:
EDMUND D. Randolph, John T. Agnew,H. M. TABER, CHAS H. MARSHALL,C. C. Baldwin, H. H. Baxter,Thos. W. Evans, Fred. Taylor,Horace Porter, Wm. Tcrnbull,Bowie Dash, W.m. R. Preston,
W. D. Morgan.And for inspectors of election :
Alex. McL. Agnew, Peter M. Bryson,Cbas. Lamson.
At a subsequent meeting of the directors Mr. ED-MUND D. RANDOLPH was re-elected President,
and Mr. JOHN T. AGNEW, Vice-President.
FRED. TAYLOR, Cashier.
THE HANOVER NATIONAL BANK OFTHE CITY OK NEW YORK, New York, Jan-
uary 16. 188'J.— v\t the Annual Election for Directorsof this Bank, held on the 13th instant, the follow-ing-named gentlemen were unanimously elect lid forthe ensuing year, viz.:
Jas. T. Woodward, T)e Lornie Knowlton,Allred S. Barnes, Raymond B. Livermore,Thomas S. Barbour. Mitchell N. Packard.Sigourney W. Fay, George W. Perkins,Hiram W. Hunt, Henry Ran,Jerome L. Hill. Elijah P. Smith,David U. Houglitaling. Wm. Woodward. Jr.,
Walter O. Woodford.At a meeting of the Board held this day Mr.
JAM«S T. WOODWARD was unanimously re-elected President. GKO. W. PERKINS. Cashier.
'THE METROPOLITAN NATIONAL-*- BANK, New York, January 16. 1880.
At the meeting of the Stockholders, held on the13th, the following-named gentlemen were electedDirectors for the casuing year, viz.
:
Geo. I. Seney, Henry A. Huribut,Henry I,. Pierson, William H. Lee,Solon Humphrey, Robert B. Minturn,Augustus C. Richards. EUi Jt C. Cowdin,Isaac H. Bailey, Samuel Shethar.
At a meeting of the Directors held this day G EO.I. SKNEY was unanimously re-elected President.
GEORGE J. MCGOURKEY, Cashier.
Hatch & Foote,BANKERS, No. 12 WAI.!. STREET
BUT AND eSLL
SOVBRNMSNT BONDS, GOLD, STOCKS ANLMISCELLANEOUS 8ECDRITIES.
Financial.
FIRSr AJ¥D SECOND MORT-OACiE BONDS
OF THE
St. Paul Minneapolis &Manitoba Railway Co.
FOR SALE BY
J. S. KENNEDY Sc CO.,
63 WILLIAM STREET.
INVESTIHEIWT BONDSOF THE FOLLOWING COMPANIES
FOR SALE BY
Winslow, Lanier & Co.,IN LARGE AND SMALL LOTS.
Full Paitieiilars FHrnishcd upon Application.
Canada Southern Railway Co.Chicago Burlington & Qnincy RR. Co.Chicago Milwaukee & St. Paul Railw'y Co.Denver South Park & Pacific Railway Co.Metropolitan Elevated Railway Co.Pennsylvania Company.St. Louis Kansas City & Northern RS. Co.Terre Haute & Loganaport RR. Co., Guar.by Terre Haute & Indianapolis RR. Co.
26 Nassau Street, Neiv Vork.
WANTED :
Cairo & St. Louis Railway Stock.Central Colorado Improvement Stock and Bonds,Southern Colorado Coal & T wn Co. £t jck.
FOR SILE:Atlantic & Great Western Railway Stock.
ASIEIi & CO.,51 Excbanse Place.
Kuhn, Loeb & Co.HAVE FOR SALE A NC.MBER OF
CHr»ICE INVESTiWENT BO.^IDS,A DESCRIPTIVE LIST OF WHICH CAN BE HADUPON APPLICATION AT THEIR OFFICE,
No. 31 .NASSAU STUKET.
NEW YORK A OSWEGO MIDLAND,ST. JOSEPH A WESTERN.ST. JOSEPH A PACIFIC,
KANSAS AND NEBRASKA SECURITIES,Bought and sold by
J S. STANTON, 19 Na-san Street.
Texas Bonds.yf ATE, RAILROAD, COUNTY AND
mUNIClPtl. BONDSBOUGHT AND S L V.
3. C. CHEIV, 29 Rroadwar.
Thomas P. Miller & Co.,BANKERS,
mOBII,E, ALABAMA,BUY AND SELL
ALABAMA State Bonds,MOBILE City Bonds,Mobile & Ohio Railroad SEcrniTiES.
~AVAINTKD:
~~
All kinds of MlSi-OURl and ILLINOIS DE-FAULTED COUNTY BONDS. Highest marketprice iiaid for them. Give lull description, andaddress,
li. A. COQITAKD,BANKER AND BROKER,124 N. 'lliird street, St. Louiw, Mo.
lTi:SSOVKI COUNT I' BONDS."Buchanan County, Mo.. lO's.Cass County, Mo,, Id's.
Cape Girardeau County. Mo., lO's.Chariton County, M(j., H's.Daviess County, Mo., 7'8.
Henry County, Mo., lO's.Howard County, Mo., Chariton Township. «Henry County, Mo.. lO's.Marion C<)unty. Mo., Mason Township.Morgan County, Mo., lO's.Pettis County. Mo., lO's.
St. Clair County, Mo., lO's.Ralls County, Mo., lO's.Sullivan County, Mo., Te.
WANTED BVTOBElf &, KIRK, 4 Broad Street.
WANTED:Alabama, Soutb Carolina & L<onisIana
State Bond*;Neiv Orleans Jackson & Gt. Northern,
itilsslssiuul Central, and mobile&. Ouio Railroad Bonds
;
City or New Orleans Bonds.LEVY ic BOUG,
3B WALL STREET.
mnchV
HL'NTS MERCHANTS* MAGAZiNB.
KEPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL. 30. SATURDAY, JANUARY 17, 1880. NO. 760.
CONTENTS.
THE CHEONICLK.PoUoy and Principle In Accord 51Fallurea in 1879, and theMoral They Teach 52
Production of the PreciousMetals 53
Failures in 1870, 1S78, 1877,1870. 1875 and 1871 51
Monetary and CommercialEngliBD News 54
Conniicrcial and MiscellaneousNews 57
THE BANKERS' GAZETTE.
Money Market, U. 8. Securi- I Quotations of Slocks and Bonds 02tics, Railway Stocks, Foreign | Local Securities 03Exchange. New York City I luveBtments. and State, CityBanks, etc 59 | and Corporation Finances... 64
THE COMMERCIAL TIMES.Commercial Epitome 68 1 Dry Goods 71Cotton 68 Imports, Kccoipt8& Exports.. 75Breadstufts 74
The Commebcul and Finajjcial Chronicle is miud every Satur-day morning, with the latest news up to midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:For One Year (includinK postage) $10 20.ForSixMonths do 6 10.Annual subscription in London (including postage) £2 78.Sixmos. do do do 1 8s.
Suhscriptlons will be continued until ordered stopped by a writtenorder, or at the publication njflcc. The Publishers cannot be responsiblefor Remittances unless made by Drafts or Post-OBico Money Orders.
liondon Olllce.
The London ofllcc of the Chronicle is at No. 5 Austin Friars, Old BroadStreet, where subscriptions will be tiiken at the luices above nuiucd.
Adrer ( Isements.Transient advertisements are published at 25 cent* per line for each
insertion, but when dcflnite orders are given for five, or more. Insertions,a liberal discount is nuule. Special Notices in Banking and Financialcolumn 00 cents per line, each insertion.
WIIJ.IAM n. 1).\NA,\
WILLIAM B. DANA U 00., Publishers.JOHN (J. FLOYD, Jll. 5 79 & 81 V7iHiam Street, NEW YORK.
Pijsr OKticK lli>,\ l.Oyj.
' A neat fllo cover is furnished nt 50 cents ; postage on the ^^anle is
Iffc'ents. Volumes bound for subscribers at $1 20.I3gf For a complete set of tlie Commkhciai, .4Nr) FiN'AVCiAr, Ciirom-
CI-K—July, 180.">, to date—or Hu.NT 8 Merchants' MauaziNE, 1831) to1871. inquire at the olltce.
POLICY AND PRINCIPLE IN ACCORD.Following clostly upon the refusal of the Supreme
Court to advance the legal-tender test case on the calen-
dar, comes an adverse report of Mr. Bayard's resolution
for repeal of the legal-tender clause to ihe Senate, by a
tie vote in the Finance Committee. The cowardice—for
no milder word quite fits the occasion—which would
stifle all agitation of this subject will not be efftctual,
for the resolution comes before the Senate all the same
for action, the adverse vote having no legiflative weight.
That there are men in Congress who really believe in
advanced inflation doctrines we doubt no more than that
there are demented persons who imagine themselves
kings; there are probably some Congressmen who re-
gard the legal-tender question, in any aspect of it, as a
disturbing one, which it is best for the good of the
country to leave untouched. Such beliefs as these,
however invariably mistaken they may be considered,
are entitled to the sort of respect which sincerity always
commands ; the legislator who acts foolishly, in the
belief that he is furthering the public interests and in
that intention, may be sadly out of his proper place, but
he must be allowed to be doing his duty as he sees it.
But for those who put party expediency first and, out of
sheer time-serving, try to evade the issue on any partic-
ular subject, it is not possible to cherish the respect due
to those who are willing to stand by their opinions. Andsay what we will of the motives actuating this or that
Congressman in the stand he takes on the subject, con-
sidered either on its merits or in its possible bearing
upon the campaign, there can be no extenuation of the
conduct of those who wish to make no stand at all but
to fly before this most wise and harmless proposition, of
which their terrors make a bugaboo.
All this illustrates once more how terribly hard it is
to return to the right path in currency matters after
once having got on the wrong one. Providence has
most kindly saved us from the hitherto invariable last
chapter in revolutionary-paper experiences; ha" given a
succession of bountiful crops, and has otherwise so
arranged circumstances that, to the reverent eye of faith,
the country seems almost to have been led direct to a
promised land of safe prosperity. But there are thous-
ands yet who fight this good fortune; they demandself-deception again, and fluctuations, uncertainty, con-
fusion, and a new crash; and these persons, in Congress
at least, are the courageous and active ones. We thus
see the inexpediency of once getting off the right track,
as well as the present expediency of getting back to it.
But there is another Itsson, so plain that blindness to
it must be wilful, and it is this we have especially in
mind to-day. Assuming that the higher ground of the
public inteiests is of no consequence, and that the
ignoble rule of temporary party expediency is to govern
legislation, it is plain to observant people that ihe ex-
pedient thing and the ri^ht thing coincide. Timorous
politicians fear the Bayard resolution will explode ; in
other words, that it will divide their party, ot that it
will hurt their party with the people. Now, there is
no lack of examples in point. In the inflation
struggles of 1874, terminating with the ResumptionAct, Mr. Thurman stood for sound money, and we tup-
pose nobody doubts that he was and still is at heart afriend of sound finance from conviction; but since then
be has trimmed and bent in yielding to what he supposed
was the popular drift. The result is that he is politic-
ally ruined, and Mr. Garfield, who has never wavered in
52 THE CHRONKJLE. [Vol. rxx;
<he Bound-money faith, has his place as Senator. The
campaign of 1875 was fought in Ohio squarely on the
«arreocy question, and again last year, and inflation was
eoandly beaten both times. We appeal to the record,
fartherniore, in proof of the statement that everywhere
aod every time either of the two parties has stooped to
fondle the rag baby it has suffered at the polls in con-
•«eqaence. It will continue to be so. The conflict is
irrepressible between sound money and unsound, and
the clearest political fact to-day is that the strength of
4he party in power has been its generally firm allegiance
to the former—it has never failed to conquer on that
issue where the issue has been squarely raised.
Nevertheless, with what seems an incredible blindness,
as though those who once adopt inflation delusions were
incapacitated from seeing correctly again, timorous
4)oliticians are still afraid, after the popular verdict
has been given over and over. How can anybody
imagine that the people want this currency ques-
tion—parent and fertile root of uncertainties and dis-
turbances innumerable—to be kept open indefinitely ?
On the contrary, they do most decidedly want it settled
and out of the way of their industrial progress. They
are not likely to be in love with leaders who cannot lead
after the word of command has been given them. They
will admit a debt to the men or the party that performs
for them the signal service of putting this perennial
trouble at rest. There is not to-day, we observe with
regret, a party with a bold and united front on any
«Iear-cut public policy—but here is an opportunity to
make one. A policy and a service, combined, will make
a party, and the expedient thing is to cut loose from
Do-nothingism.
FAILURES IN 1879 AND THE MORAL THEYTEA CH.
A record of failures must always be a melancholy
kind of exhibit. If, however, such a showing could
ever be called satisfactory, the one prepared and madepublic this week by Messrs. Dun, Barlow & Co. wouldbe entitled to come under that head. For by compari-
flon it is made quite inspiriting. The figures in detail
as reported by this enterprising firm we give on anther
page; the totals, however, since the war closed have beenas follows. For convenience we divide them into three
periods—the first may be called the period when we madeour debts; the second the period when we paid them; andand the third (1879) the new start.
Year. Fail-ures.
Amount ofLiabilities. Year. Fail-
ures.Amount ofLiabilities.
1866 1,5052,7802,6082,7993,5462,915•1,069
$53,783,0009(i,666,00063,694,00075,054,05488,242,00085,252,000
121,056,000
1873 5,1835,8307,7409,0928.872
10,478
$228,499,900155,239,000201,000,000191,117,000190,669,936234,383,132
1867 18741868 18751869 18761870 18771871 18781872
Total 6 years
Av'gc6j-ears
1879
47,1957otal7 7ear8 20,222 $583,747,054
$1,200,908,968
AT'ge7year87,866
2,889 $83,392,436$200,151,494
6,658 $98,149,053
No man ever fails so long as he can get his debtor tocontinue to take his promises to pay. If he can devisea scheme by which he shall mark up the prices of hisassets monthly, he can always show property more thancovering his increasing indebtedness. This property canbe changed from hand to hand and ever be security fora constantly augmenting aggregate of obligations. Pre-cisely such a process was in operation from 1865 to1873. In the latter year the general public discovered
that this system mu'^t have an end, and when confidence,
which we may call the bottom brick, dropped out, the
immense cone-s-haped superstructure, built and so nicely
balanced upon it, tumbled, of course. During the next
period we were liquidating, either paying or erasing
debts by failure. This condition came as a necessary
result of the former condition, and any one who will re-
member the previous process as we have recalled it, will
acknowledge that it could not have been averted by anysystem or legislation.
Thus we see why it is that the foregoing statement
shows from 1866 to 1872 (seven years) a total numberof failures of only 20,222 (and if we had included the
years of war the contrast would have been even moremarked), with an aggregate of $583,747,054 liabilities,
averaging per year 2,889 failures and $83,392,436 liabil-
iiies ; while from 1873 to the close of 1878 (six years)
the total was 47,195 failures and $1,200,908,968 lia-
bilitiei",, averaging each year 7,866 in number and$200,151,494 liabilities. In fact there could not be a
more graphic description written than these few figures
give of the forces in operation during those years andtheir results. They bring before us the whole process
—
the persistent rise in values during the first period, car-
rying over from year to year almost all debts anddebtors, thus shifting the day of settlement to the latter
period, of course, however, with constantly and largely
accumulating liabilities; ending, as such a system al-
ways must, with a general liquidation. We simply at-
tempted to scale the heavens with Ossa on Pelion piled,
and failed. Some of the later disasters might have beenavoided by an earlier restoration of confidence, througha speedier return to a specie basis. During the period
of waiting, property and wages fell, until they retained
only a nominal value, no faith being felt in any prices,
however low. For this reason the process has the past
year been reversed, values rising constantly. Had wedebated less, and acted quicker, the extreme depression
might have been obviated, and many that gave out in the
last heat have gone through.
But we have finally turned over that leaf in our
history and begun the new reeord. The total amount of
liabilities reported for 1879 ($98,149,053) varies but
little from the average ($83,392,436) of the seven years
previous to the panic of 1873. This is a wonderfulchange from previous years, and a remarkably favorable
showing. More especially are we convinced of this
when we remember that the system of reporting is nowmore extended and more perfect than in the formerperiod, and, furthermore, that nearly half of the past
year's liabilities came within the first quarter of 1879,
and therefore before the monetary change had fully be-
gun its recuperative work. Below we give the state-
ment by quarters for four years.
iHt quarter..2d quarter..
.
3d quarter...4tll quarter.
Total year..
No. rLlabillt's.
2,524i43,112,0fl5l,534'-«.fl«fl,725
1,ate 15,275.550l.a38ll7,0W,l!3
6.858198,149.053
1878.
No. Liabilitlee
3,3552.4702,8531,800
82,078,82fl48,753.940fifi.378.3Kl
37,172,003
10.478 234,383,132
1877.
No. Liabilities
2.8691.88(1
I.SIH2,307
8,872
1876.
No. I,iabilitie»
54,5.38,074 2,80645,088,097 1,79442,S4«,085|2,4,5048,717,880 2,012
-\-
64,644,15643,771,27347,857,.37184,844,893
190,669,930 9,082 191,117,698
There is one other feature of this report which has amoral worth considering. "We refer to the fact disclosed
by it that San Francisco is the only city separately
reported upon in the United States where there has notbeen this year a decided decrease in the failures ; there
the movement has been a retrograde one. To illustrate
this remark we have brought together the following,
which we have taken from the elaborate table given onsubsequent page.
kJanuary J 7, U80.] THE CHRONICLE. 53
Failures in.
Ho«t<»nNew YorkPlifladclpliia .
.
CinciuQaCiChicago6t. Louis
Total.
Average
8au Francjflco.
1879.
Number.
170519189748356
1,091
182
Liabilities.
$3,613,20013,303,9693,086,1161,177,6992.237.3002,444,000
$25,862,284
$4,310,381
$5,317.118
1878.
Number.
325803257216362167
2,190
365
222
LiabUltlca.
$11,279,.52342,501,73110,373,7007,570,311
12,926,8004,171,300
$88,823,365
$14,803,894
$4,700,591
This Btatemetit showB that in the six cities first named
the number of failures this year in the average decreased
to one half the total for 1878, with liabilities amounting
to only about one quarter of the previous year's total;
while in San Francisco there was only a decrease of one
in number, and the liabilities increased about 16 percent.
The nature of this exhibit and its teaching are more
sharply defined if we look back to 1876 and previous to
that year, for we shall thus find that the total failures
jn San Francisco averaged in that period only 80 to 90,
with less than 2:^ million liabilities. Another way of inter-
preting, and thus seeing the full meaning of the last two
years' record, is by the following comparative statement.
STATES.
KjisternMiddleSiiulbernWesternracifle.&c. exceptCuUfurnlu
Total...California
.
NumberIn
Business
83,337230,15371(KI,574256,583
14,783
6»»,81417.343
No. ofFail-ures.
9702,2»01.0711
1,608
242
6,ia«^472
Percentageof
l^iUures.
1 in every 851 In everylOO1 in every i»3
1 in cverylSU
1 In every 61
1 in QveryllO1 in every 36
I in everylOS
NumberIn
Business
79,765229,385l«,2H7
240,833
11,303
657,68317,058
No. ofFail-ures.
1,73-4
.3.1I«)
1.4153,436
102
0.946532
Percentageof
Failures.
1 in every 46I in every 711 in every 681 in every 70
1 in every 70
I in every 641 in every 32
1 in every 64
This shows that while in all the remainder of the
country only 1 in every 110 in business failed, there
was in California (we have not the figures to give San
Francisco by itself) 1 failure in every 36 in business, and
the Pacific States and Territories, which depend largely
upon California for their prosperity, 1 failure in every
61 in business.
It is scarcely necessary for us to state what moral is
to be drawn from these figures, for it seems to be suffi-
ciently evident. During the past two years California
has been attempting to put fetters around capital; being
in a state of depression, her people have been attempting
by legislation, which shall deprive capital of its natural
earnings, to force prosperity. Do we not, in these state-
ments of failures, plainly see written the results of this
movement ? Cannot our legislators heed the lesson thus
taught ?
PRODUCTION OF THE PRECIOUS MeTal^.The mail has brought us this week the annual circular
of Mr. Valentine, of Wells, Fargo & Co., the tele-
graphic summary of which we published in our last
issue. According to this circular the production of the
precious metals in the States and Territories west of the
Missouri River, including British Columbia, (and receipts
in San Francisco by express from the west coast of
Mexico) during the year 1879 has been as follows.
Year ending Dec. 31.
1879. 1878. 1877.
California $18,190,97321,997,7141,037,961
85,3362,091,3003,629,0205,468,879
14,413,515622,800
1,942,4033,208,9871,483,871976.742
$18,920,40135,181,9491,213,724
73,3111,868,1229,763,6400,064,6136,232,747453,813
2,287,9832,215,8041,594,9951,283,460
$18,174,71651,580,2901,191,997Oregon
1,832,495Montana , 2,644,912
8,113,7557,913,549309,010
Utah
Ari7X)na 2 388 622Dakota 1,500,000
1,432,9921,771,190Brltlsli Columbia
Total gold, silver and lead.. $75,349,501 $81,1.04,622 $38,421,754Gold $32,539,920
38,623,8124,185,769
$38,956,23138,746,3913,452,000
$46,129,54747,206,9575,n85,2.J0
SilverLead
Total, as above $75,349,501 $81,154,622 $98,421,764
This shows a steadily-decreasing production of gold,
and abont the same yield as last year of silver. The-
oatlook for 1880 is reported to indicate no increase iik
prodaclion. The totals of Mr. Valentine for previous-
years have been as follows.
Ye»r.
1870...1871 ...
1872 ...
1873 ...
1871...1875 ...
1876..,1877...1878...1879...
ProduetB.lucludiugKrltlsh
C<»lunil>ia
and Mexico.
$54,00058,284,62,230,72,258,74,401,S0,H89,90,875,98,421,81,154,75,;i49,
,000,000950<>i»3
045<)57103754022501
Net I'roduet of the United Htutes and TerritoriesweKt of the Mluourl Kiver.
Lead.
$1,080,0002,100,0002,250.0003,450,0003,800,0005,100,0005,04<l,0()0
5,085,2503,452,0004,185.769
Silver.
,320,,286,
,924,,483,,699,(105,
,292,
,846,,248,,032,
000000129302122239924,109,137,857
Gold.
$;i3343839383942443731
,750,000,39M,(KK)109,39-")
,20«.5.'i8
,466.188,968,194,886,935,880.223,576,030,470,262
Total.
$52,150,00055,084,00060,351,82470,1.39,86071,905,01076,708,43387,219,85»95,8 11,08278,276,167"72,088,888
These statements are all for the calendar year. TheMint figures prepared by Mr. Burchard, the present
Director, cover the small production east as well as the
amount west of the Missouri River, and are for the fiscal
year, as follows.
1879.State or Territory.
CaliforniaNevadaColoradoMontanaIdahoUtahArizona .•
New Me-xicoOregonWashingtonDakotaMichigan (Lake Superior)North Carolina(ieorgiaOther sources
Total $38,900,000
Gold.
$17,600,0009,000,0003,225,0002,500,0001,200,000575,000800,000125,000
1,150,00075,000
2,420,000
90.00090,00050,000
Sliver.
$2,400,00012,560.00011,700,1 <K)
2,225,000660,000
6,250.0003,550,000600,00020,00020,00010,000
780,000
47,000
$40,812,000
Total.
$20,000,00021..500.00O14,!l25,00O4,725,0001 ,850,0006,825,0004,350.000725,000
1,170,00005,00O
2,130,000780,00090,00090,00O07,000
$79,712,000
Mr. Burchard in his elaborate report also revises pre-
vious Mint statements issued since 1874, and gives the
following results of the domestic production of gold andsilver from 1874 to 1879.
DOMESTIC PRODUCTION OF GOLD AKD SILVER, 1874 TO 1879.
Fiscal year endingJune 30.
187418751876187718781879
Gold.
$33,490,90233,467,85639,929,10646,897,39051,200,36038,899,858
$243,891,532
Silver.
$37,-324.59431,727,66038,783,01639,793,57345,281,38540,812,132
$233,722,260
Total.
$70,815,49665,195,41678.712,18'.!86,690,96a96,487,745-79.711,990
$477,613,792
In reaching these totals great care seems to have been
used, and the attempt also made to test the results by re-
turns showing the disposition made of the production.
Of course the exports and coinage are a matter of record.
The consumption in the United States is a more difScnlt
problem to determine. But Mr. Burchard has been very
painstaking in his efforts to reach the truth, not only
through public channels of information but also through
circular letters to the manufacturers. The replies to
his circular were of course incomplete, but they forma very fair basis for an estimate. His conclusion
after such examination is that the disposition of the
domestic production has been as follows for the years
named.
Fiscal years.
Gold—18741875......1876... .,
187718781879
Silver-18741875187618771878.. ..
1879
Coinage.
^26,034,03125,851,98333,887,08642,125,66245,922,34035,005,959
5,764,53810,291,80519,730,65424,543,93925,036,18822,951,768
Used In artsand mauufactures.
$4,578,3285,382,0984,153,1843,687,1926,078,7013,869,125
4,406,5604,237,8413,812,0183,774,2405,210,1525,977,300
Exported (re-
ported byBureau ofStatistics).
$3,878,5432,233,7751,888,8961,084,536205,31924,774
27,153,49617,197.91415,240,34411,475,39415,035,04511,883,064
Total.
$33,490,90233,467,85639,929,16640,897,39051,206,36038,899,85S
37.324.59431.727,56038.783.01639.793,57345.281,38540.812,132
54 THE (CHRONICLE. fVoL. XXX.
FAILURES FOR 1879, 1878, 1877, 1176, 1875, AND 1874.
Mamb'rIn
BiMlneu.
11,2497,29Se,M0
38,877
5,08313,188
Eatlem.MaineNew Ilanipehlre.Vermont< Hastutobusetta.5 Boston City..Rhode Inland
—
Connecticut
82,33:
75.21234,24720,10462,47619.1583,628
12,9492,764
aso.sa:
10,5405,7437,0 1.
t
4,6628,599l,91Si8,48:'6,68tl
7,9012,3944,34!)
17,54i8,738
100,574
61,208
27,285
Sl,250
25,70119,59023,40310,073
31,208
11,4495,266
256,533
3,060
17,343
3.51.6611,485498393425
1,600513
1,050526
32,126
702,157
Btat<-ii and Territories.
Total Eastern.
iliddle.New YorkNow York Cltj-
New JerseyPeiin.sylvanlaPhilaaelpliia City...
DelawareMarylandDistrict of Columbia..
Total Middle
Sotitlum.VirRiniaWest VIrjfiiila
NortU Carolina..8<>iitli Carolina ..
Geor>;laFlorida.\lalinmaMississippiI»ui!<iaua .... ...
Texas.\riiunsa8KentiicliyTeunessee
Total Soutbem.
We»tem.(Ohioj Cinclonaci City.Indiana(Iliinoia
) Chicago City.....vlioliigan
WlseonsinIowaMinnesota( Missouri{ St. Louis City...KansasNebraska
Total Western.
Paeiflc ancl Territories.OregonCaliforniaSan Francisco City.,
ColoradoNevadaUtahNew MexicoWyomingIdahoDiiltotaMontana
,
Washington.\rlzona
,
1879.
No.Fail-
ures.
Amount ofUabillUes.
87026333517095158
970
785519143522189148533
2,290
842710073861924769015948
•138152
1,070
260741221948317914515212883566666
Total Pacific & Ter's
Grand total
55,964 Dominion of Canada...
1.608
552512214734108
12
$706,600417,748359,736
4,820,5923,613,2003,094,5622,474,844
15,577,282
8,389,37313,303,9691,201,08<!8,242,6493,036,116186.13'916,874207,982
35,534,191
848.666124,000
1,000,2902,497,740574,3231 20.077202,109991,374
4,752,5571,223,892425,427
1,546,5771,569,671
1878.
No.FaU-ures.
170111113604325130281
9698631687702.572311930
15,876,703
3,230,1761,177,6991,509,7913,396,4802,237.3002,063,8941,886,3151,121,9001,241,697284,394
2,444,000392,043221,800
21,207,519
438,0452,650,7365.317,118335,661425,100383,85426,63925,400
113
584
714
6,658
1,902
68.00090.000171,30521,500
9.953,358
98,149,053
29,347,93:
3,199
12640895911922519912722841220194
1,415
51521637447036236916340014910116744106
Amount ofLiabilities.
1,406,200854,739
1,843,35012,707,64511,279,5232,521,9814,680,588
35,294,026
15.791,42,501,4,741,
18,714,10,373,
281,2,568,320,
084731993,270700.500
,986,202
95,293,466
1,195,615369,011
1,067,2001.78 8,.522
3,738,134133,288874,062
1,073,6604,830,4622,733,725407,653
5,905,7562,205,873
3,436
1331022258371'
1011
694
10,478
1,69:
26,322,961
10,799,3007,.570,3115,233,5497,672,931
12,926,8006,627,7092,317,38'^
3,428,1001,052,4031,036,4164,171,300647,902823,400
1877.
No.Fail-ures.
1497096
430130114314
1,353
1,01286517763217515
12944
3,049
159
7066103114386611382322791
1,078
373126354542063101543.5011481
1415045
64,309,503 2,756
173,.5006,899,5394,700,591541,542419.797121,05063,90062,050
83,000
16,90081,30'
13,163,176
234,383,132
23,908,677 1,892
292881635856114448
Amount ofUabilities.
2,037,762,738,
6,659,6,469,3,599,5,821,
,400,728,269,054,300,607,649
26,038,007
15,994,32,490,3,313,
15,540,4,946,
193,3,603,1,090,
,846,974,958,795,443,000,634,100
77,173,750
1,312,705
439,5691,168,5011,181,631149,000690,000
1,079.986893,519
1,890,691270,775
6.994,4281.201.110
17.271.920
5,866,8183,710,5845,718.7008,117,091
10,065.3008,032,!)022,128,7102.604.1001,291,852717,232
7,239,850355.635338,300
636
1,872
56,187,074
266,1703,252,8328,483,424880.103659,73644,30016,3007,200
46,00031,300
1876.
No.Fail-ures.
1384873
462258138197
1,314
99888715954513819
14518
2,909
172
126891471451818016735
241158
1,361
3719t>
3<>243419957620949113284834837
3,122
341697945
207,80054,000
13,949,185
190,669,936
25,523,903
103
10361
Amount ofLiabilities.
1,916,450559,255
1,410,93012.994,82910,310,0006,079.0564,186,548
37,657,068
19,311,33,244,2,273,
10,731,4,281209,
2,10487,
1875.
No.FaU-ures.
1307363
72106191
\r
933018141,880,495600,637977
72,244,681
3,351,289
994,9181,500,1143,110,145121,000771.821738.258
1,438,1431,900.515268.257
E.659,24,229,553
2,520
138
5613115616424558
25031148136
23,083,260
5,414,8933,191,3494,787,4016,079,7109,164,2009.736.8524.307,3143,909,0801,565.6841,272.7372,618,537435,90093,600
52,577,277
422,4161,670,9732,202,698503,582200,167
6,000
386
9,092
1,728
140,90030,50083,40075,000
203,8648,000
1,335
706951134
[5832110718
1,207
;383
332
1409
283245183140
[189
8838
Amount ofLiablliiies.
1874.
No.Fail-ures.
1.537.5001,'.'76,400772,700
27,494,943
6,281,6952,851,926
40,015,164
11,920,82249,263,6672,830,485
18,247,872
259,.5009.084,690164,924
91,771,960
3,296,307
928,4292,781,0486,128,404262.800
1,118,100913,565
2,937,6842,493.849391.300
3,669,7581,121,839
26,045,143
7,993.282
4,804,052
8,218,470
4,123.7182,130,3461,610,3051,803,406
3,743,793
829,400197,400
2,290
j23772458
5,555,500
191,117,780
25,517,991
388
7,740
1,968
35,459,172
219,448
5,281,111
918,3311,011,700240,500
3,000
92,0002,804
7,768,914
201,060,353
28,843,967
843236
416
71151
790
573645146
644
2711018
2,163
111
5661118144866991422216794
998
343
167
33:
28610114460
175
9442
1,744
Amount ofLiabiUtiea.
1,063,000266,000380,000
10,600,000
1.250,0002,286,000
13,845,000
10.295.00032.580.0003,834,000
31,774,000
.578,0001,691,000266,000
84,033,000
1,514,000
542,0001.531,0001,843.000293,000963,000
1,333.0004.429,0002,201,000406,000
1,879,0001,385,000
18,743,000
8,481,000
2,397,000
7,510,000
4.477,0002.575,0002,034,0001,029,000
3,061,000
988,000521,000
68
135
3,830
966
33,073,000
2,571,000
969,000
3,540,000
155,239,000
7,696,765
EATBS OF EXCHANGE AT LONDON AND ON LONDONAT LATEST DATES.
EXCHANGE AT LONDON—Jasiiakv 2. EXCHANGE ON LONDON.
O.N- Time. Bate.LatestDate. Time. Bate.
Amstcrdnm
.
3mo8. 12-318 a'12-358 Jan. 1 Short. 12-04Amsterdam
.
.Siglit. 120i« »12-mi ....Paris 3 uios. 25-42 i.i®23-47'« Jan. 1 Short. 23-23Paris Si(,-ht. 23-20 •®23-27isHamburg . .
.
Smof. 20-33 ® -20-59Berlin ** 20-57 ®20-6.. Jan. 1 Short. 20-32iaFrankfort . .
.
" 20-37 ®20-60Leipzig (( 20-57 ®20-00Antwerp " |25-47i3*25-42i.2Vienna " 'll-92i«®U-95 Jan. 1 3 mi)8. il-68Bt.Pct<'r«b'rg 24>«®2458 Jan. 1 25332Madrid 47is»47HCadiz 47».fl»476,8
90d.->ys 52lis52»8UsbonGenoa 3m»«. 28-65 a25-67'aAlexandria.
.
Jan. 1 3 mos. 96®96iaNew York...Homliay ... 60diiy8 l8'.8i4d.
Jan.Jan.
1
260 days6 mos.
4-86'sIs. 87,ea.is. 8-,8a.38. 1038:1.
Calcutta .... •*Is. 8>4d. Jan. 2
Hong Koug.. .... Jan. 2 •*
Sbangbnl .... Jon. 2 (.68. 3 "ad.
I From our own correspondent.|
LoNDOK, Saturday, January 3.
The pa.st week has been chiefly devoted to the balancing ofacconnts, and not much fresh business has been entered into.
The tone, however, is good, and a hopeful feeling with regaird
to the future has been indulged in. Speculation, however, is
not likely to be so active as it was in the autumn, owing to the
fact that prices having risen from a low and depressed to a
more healthy point, greater caution is necessary, more especially
as the country's power of consumption is not great. It is
hoped that with the commencement of a new decade agriculture
will become more prosperous, and that the agricultural classes
will have larger means at their command. For the next fix
months, their po.sition can scarcely improve, as they have to
depend upon last year's scanty crops, the bulk of which are
selling at low prices, while supplies are becoming rapidly
exhausted. It is expected, nevertheless, that the improvement
in our foreign trade will be maintained, and that commerce
with our colonies will assume larger proportions.
The monej- market, now that the annual balances hare been
arranged and the transitory demand has ceased, has become
easier, and the best three months' bills have been discounted at
2% and 254 per cent. In the early part of the week the quota-
tion was 3 per cent or Bank ra,te, but this is usually the case
during the closing days of the year. The Bank return shows
changes incidental to the period, and they possess therefore no
special signiflcance. The complaint still is that the supply of
bills in the discount market is small, and there is certainly no
prospect of any speedy or considerable increase in it. The
improvement in trade has, thus far, been chiefly confined to the
Jakcxbt 17, 1680.] THE (JHRONICLE. 55
United States, the trade of the Old World being adventely
affected by uncertain politics, outrageous armaments, whichare impoverishing the people and are checking indastrial
development, and by bad harvests. The following are the
present quotations for money:Per cent.
Bank rat« 3Oiien-iimrkct rates
—
30 and (iO days' bills 214®2''h3 months' bills 2^W2hi
Opcn-niiirkct rates— Per rent4 nioiiths' hank hills.
^ *J:^ay'2^(t moll tils' bank till Is 2^^2'7s4 <Si niuiitUs' trade bills. 3 aa "a
The rates of interest allowed by the joint-stock banksand discount houses for deposits are subjoined :
,.».,, ,Percent.
Joint-stn<^k banks 2Disconnt houses at call 2u,u Do with 7 and 14 days' notice 2'iAnnexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Con-sols, the average quotation for English wheat, the price of
Middling Upland cotton, and the Bankers' Clearing-Honsereturn, compared with the three previous years :
1879. 1878. 1877. 1876.Circulation, IncUiding ££.&£.bank iMwt hills 27,867,782 33,003,.58t 27,592,707 28,051,3«S"
'"" 4,940,137 .'5,903.0:17 6,203,440
31,1 18,7.58 22,061.528 25,936,78614,7-20,223 13,377,6::4 15,969,16229,119,440 20,511,344 19,582,32010,306,351 12,052,914 14,591,390
Public deposits 8,029i 1 28Other di'iMisils 29,969,749Govcrnni't securities. 16.587,684Otlier securities 24,295,-528Res'vc of notes & coin 14,967,327Coin and bullion inboth departments..
Proportion of reserveto liabilities
Bank rateConsolsEu^. wheat, av. priceMia. Upland cotton .
.
Clearing House ret'u
27,601,562 28,088,361 24 336,794 28,214,165
39153 p. c.
97 "2
478. Id.e^gd.
96,062,000
28-405 p. e.
95 >8
30s. 9d.6>4d.
42-704 p. e.
94 lu
51s. 9d.C^Kid.
44-942 p. c.
94 lo
50.S. 6d.611, sd
88,887,000 123,550,ioO 113,327,000There has been very little demand for gold for export during
the week, and business in silver has been very quiet, suppliesbeing much restricted. The quotations are : Bar gold, fine,
778. 9^d.; do reflnable, 77s. lid.; Spanish doubloons, 73s. 9d.;
South American doubloons, 73s. 8^d.; United States gold coin,
768. 3^d.; German gold coin, 76s. S^d.; bar silver fine,
52 7-16d.; do. containing 5 grains gold, 52 13-16d.; cake silver.
56 9-16d J and Mexican dollars, 51}^d. per dunce. In refer-
ence to the state of the market during the year, Jlessrs. Pixley& Abell give the following statement of the imports andexports of gold during the past four years:
1876. 1877. 1878. 1879.Import* £23,244,470 £15,251,0.->4 £20,700,000 £13,300,000Exports 16,219,570 19,898,095 15,000,000 17,000,000The imports of gold from Australia and the United States, for
the same periods, are as follows:18"6. 1S77. 1878 1879
Australia £4,911,100 £6,256,000 £3,200,000 £3-200 000United 8t.ite8... 4,363,740 2,059,000 867,000 400;000With regard to silver they say that at the beginning of the
year the rate was very low, and for some time there was butlittle business doing with India; the Austrian demand helpedto support prices somewhat; the quotation, however, continuedgradually to decline until the middle of March, when an activeIndian inquiry set in, and prices steadily rose till May, whenthe German Government entirely withdrew from the market asa seller, and a rapid advance took place to 52Md. per oz. Spec-ulative purchases kept up this rate for a few days, but resalescaused the price to decline gradually to 51^d. in July. Ademand for India then arose; orders could not be filled here,and large amounts were sold in Vienna for shipment at Venice,about £500,000 in bars and florins having been placed, at pricesvarying from 53^d. to 53Md. per oz. This somewhat unex-pected supply coming on a rather sensitive market, caused adecline in values to 52?6d.; at this quotation Austria could sell
no more.
The supplies of silver have been from America, the Pacific,and Germany, but from the last-named the imports have beenonly about £750,000, and nothing has been received since May.The shipments of silver, &c., during the past year from San
Francisco to China and Japan amounted to £1,665,030, as against£2,243,000 in 1878, and £3,383,000 in 1877.The imports and exports of silver during the past four
years have been:
^ 1^76- 1877. 1878. '879imports £13,278,380 £21,625,652 £11,400000 fito'sOOOOO^''PO'^ 13,596,970 18,887,337 lllsOO.OOO li.oSoioOOMexican dollars have kept pretty closely to their relative
value as compared with bar silver during the past year, withthe exception of the months of May and June, when a gooddemand for China, coupled with exceptional orders for PortoRico, raised the price to 53d. per oz.—silver was then only52^d. per oz. standard.
The bulk of the imports for 1879 have, however, been takenfor refining purposes.
On Wednesday, India Council bills were disposed of at Is.
Bank Openrate. market.
Per. et. Per et.Paris 3 2»b®2''bBrussels .. 3 •J\7i>:iAmsterdam .. 3 3Berlin 4 3>eS'3%Hamburg 4 3 ®3>4Frankfort 4 3 *3iiGenoa 4 4Geneva .. 3<« 3»a
4 95
6 «6
8}^d. the rupee. During the past year, the fluctuations intheir value have been very marked. On the Ist of Januarylast, the price was only Is. 65/^d., while the last quotation was,as above stated, Is. 8]4d.
The following are the current rates of discount at the princi-pal foreign centres :
Bank Openrate. market.
_^ „ Per. ct. Per et.St. Petersburg... « 6Vl*6Vienna 4 3''«9iHUslHin Ji Oporto. 6 0>3%GMiu]i-1d, Cadiz dcBarcelona 4
Calcutta 4<^>lK'nliageu 3>s3 4New York
The revenue returns issued during the week for the pastyear are not satisfactory, and are especially disappointing forthe last quarter, there being a net decrease in the receipts of£453.005. Customs duties have fallen off to the extent of£128,000; excise do. £530,000; but there is an increase of £97,-000 in the receipts from stamps, £16,000 from property andincome tax, £76,000 Post Office, £ 10,000 telegraph service, and£9,626 from sundry sources. For the whole year there is anincrease of about £2,200,000, due to an augpiented revenuefrom income tax and stamps. The following is an abstract ofthe gross produce of the revenue of the United Kingdom, in theundermentioned periods, ended Dec. 31, 1879, compared withthe corresponding periods of the preceding year:
/— — ;Quarter8 ended. .Year endedMarch 31, June 30, Sept. 30, Dec 81, Dec. 31.
1879. 1879. ie79. 1879. 1879.£ £ £ £ £
Customs > 5,279,000 4,627,000 4,488,000 5,356,000 19,750,000Excise 8,327,000 6,2.50,000 5.240,000 ""-" '^^^^
2,915,000 2,530,000Btamps 2,849,000Land tax andhouse duty.. 2,033,000
Property andIncome tax.. 6,770,000
PostolHce 1,544,000Tel'gh seivice. 300,000Ci-own lands.. 104,000Int. on lulvan's 205,578Miscellaneous. 1,108,610
6,460,000 26,277,0002,725,000 11,019,000
480,000 105,000 26,000 2,644,000
1,565,0001,645,000340,00080,000
322,807697,243
664,0001,500,000370,00080,000
272,8691,358,353
486,0001,630,000365,000135.00<l325,.520
1,108,037
9,485,0006,319,0001,375,000399,000
1,126,7744,272,243
Totals 28,5-20,188 18,922,050 16,608,222 18,616,557 82,667,017Qu.-iTters ended^- , Y'ear ended
Doc. 31, Dec. 31,1878. 1878.£ £
5,484,000 20.165,0006,990,000 27,372,0002,628,000 10,652,000
March 31, Juiie 30, Sept 30,1878. 1878. 1878.£ £ £
Customs 5,128,000 4,927,000 4,626,000Excise 8,299,000 6,575,000 5,508,000Stamps 2,831,000 2,661,000 2,532,000Land tax andhouseduty.. 1,968,000 546,000 115,000 26,000 2,655,000
Property andincometax.. 4,091,000 934,000 506,000
Postofflco 1,484,000 1,6-29.000 1,513.000Tel'gh service. 295,000 340,000 370.000Crown land.s.. 104,000 83,000 82,000Int. on adviin's 161,069 296,833 206,189Miscellaneous. 1,527,186 825,862 1,190,338
440.0001,554,0(K)325,000141,000383,151
1,098,411
6,031,0006,180,0001,330,000410,000
1.047,2424,611,797
Totals 25,888,2.55 18,817,695 16,708.527 19,069,562 80,484,039
It appeai-8, however, that from additional returns the pay-ments to be made during the present or March quarter, beingthe last of the financial year, were £8,592,274, to meet whichthere was it the Treasury on December 31 last £1,883,933,showing a deficiency of £6,708,341. The income tax, however,was due on January 1, and, consequently. Sir Stafford North-cote will be receiving large sums during the quarter.
The directors of the London and Westminster Bank havedeclared a dividend for the past half year of 7/6 per cent, thepayment of which will leave the surplus fund at £1,008,000.The dividend shows an increase of ^ per cent.
The London joint-stock bank has resolved to declare theusual dividend at the rate of 15 per cent per annum. Theguarantee fund has had to supply £16,000 to enable thedirectors to pay the same amount of dividend as last year.
The average market prices of the best coal in London in theundermentioned years were as foUows:
Year.180818181828
Price.42s. Od.34s. Od.29s. Od.24s. 2d.18s. 7d.
Year.18(!418731874....
Price.19s. 7d.328. 4d.-258. 9d
Year.1876187718781879
Price218. 3d198. 6d178 lid'
18381858
1875 238. lOd. !!!..i88. Od*
France has, for a long period, been regarded as a fortunate
country, inasmuch as she was supposed to produce everynecessity for existence, and was thus independent. Such, how-ever, is not the case now, as the returns for the first 11 monthsof the past year show a very remarkable increase In theimportation of articles of food and drink, the only articles
which have decreased being live-stock and sugar. The increase
is as follows:1879. 1878.
Wheat quintals. 20,423,113 12,230,776Rye " 696,tS3 149,245Maize " 2,407,965 2,144,722Flour " 105,840 65,528
56 THE CHRONICLE. [Vol. XXX.
BieeFoUtoesI>rioa veicetableg...CoAseOUveonSalt provisions
1878.2.'i,48r>.32.'r
<t,r):i!),()oo
4G/Jl7,!t304il,5'J 1.72817,U0!>,5153r>,17S,.')()0
128,151,000
1879.
.* .' 15,915.000
" 75.227,300^ •' •' 52,349,000
35,100,242" 40.890,700
?^„7("S«Un«oi:::.V.-.V. jure.. 238;810;0OO
The weather has been much milder, and the temperature is
now more that of spring than of winter. The wheat trade ha.s,
in consequence, been duU, and difficulty has been experienced in
obtaining former prices. Home deliveries continue very moder-
ate, but their are ample supplies of foreign produce. It is
expected that there will be a better demand in a few days, as
millers, according to their custom at the end of the year, pur-
chase sparingly, and about this time their stocks must bo rather
low.
During the week ended December 27, the sales of home-
grown wheat in the 150 principal markets of England and Wales
amounted to 47,048 quarters, against 54,383 quarters last year ;
and it is estimated that in the whole kingdom they were 188,200
quarters, against 217,500 quarters in 1878. Since harvest the
sales in the 150 principal markets have been 544,364 quarters,
against 1,005,391 quarters ; while in the whole kingdom it
is computed that they have been 2,177,500 quarters, against
4,022,600 quarters in th^ corresponding period of last season.
Without reckoning the supplies furnished ex-granary at the
commencement of the season, it Ls estimated that the following
quantities of wheat and flour have been placed upon the British
markets since harvest:
1879. 1878. 1877. 1870.
Imports of wheat. cwt 25,697,908 17,752.129 21,795,728 13,100,858
Imports of Hour 4,110,«r2 2,568,4fi8 2,77»,521 2,029,92(>
Salrs of home jnrowii ^ ._„„„«„„produce 9,435.310 17,441,000 14,397,000 1.5,960,000
Total 39,253,830 37,761,59? 38,968,249 31,090,764Deduct exports of „„„ ,„ewheat and floor 358,758 752,262 774,69o 500,485
Reaiilt 38,895,072 37,009,335 38,193,554 30,590,299ge price of Englishheat for the season. 488. Od. 4l8. 3d. 548.3d. 478. 9d.
The following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the clo.se of last week, compared
with the corresponding period in the three previous seasons :
"Wheat.
.
Barley
.
••ate....PeasBeans.
IMPORTS.
1879. 1878. 1877. 1876..cut. 25,697.908 17,752,129 21,795,728 13,100,858
6,767,405 5,327,304 5,281,475 5,131,2285,897,536 4,528,889 4,264,637 4,015,705973,418 676,826 79^i,171 612,883
1,043,365 511,706 1,580,787 l,6:i!».«:i:i
Indian com 7;604,2C6 10,749,710 9,459,094 13,417. i;58Flour 4,110,612 2,568,468 2,775,521 2,029,926
E.XPOHTS.
Wheat cwt. 314.870 719,653 756,986 484,.531Barley 6,642 56.965Oate 24,384 42,817Peas 58,724 7.377Beans 13,263 2,896Indian com 317,164 105,913noor 43.888 32.609
24,28749,9409,7309,081
43.06817,709
10,.">0:
54,41710,62813,938
200,47715,954
LojJDOir, Saturday, December 27, 1879.
Owing to the holidaj's, business in every department has
t>een upon a very restricted scale, and a decidedly quiet feeling
has prevailed. The tone, however, is tolerably good, but, onthe other hand, doubts are entertained as to the permanenceor continuance of the recent improvement in general trade.
It is now seen that the recovery which has taken place hasbeen largely due to the purchases effected by American buy-ers, at low prices. Those purchases led to considerable specu-
lation, and the upward movement in the quotations was rapid ;
but speculators have been operating with the expectation thatthe American demand would be followed by new business fromother countries— an expectation which has thus far beenattended with disappointment. The state of afifairs in theEast and in Kussia is the chief political cause which haschecked any further improvement ; but there is no doubt ofthe fact that the serious depression in the condition of Britishand Continental agriculture has been largely instrumental inoontracting business. It is very frequently said in this countrythat an indifferent harvest is of but little consequence, asbread is always cheap ; but though one bad harvest may notbe attended by »ery unfortunate results, a series of them can-not but be impoverishing to a large section of the community.This year every crop has more or less failed, and it is the fifthyear of indifferent crops. The farmers are in a state of greatdistress
; many are thinking of emigrating, while landlords,in order to retain them to cultivate their properties, continueto diminish their rents. Naturally, the country is lookingforward to better times. The winter has commenced early, has
Open market rates
—
Per cent4 montliH' bank bills 2'''8®3
6 moutli»' bank bilU 3 ©SU4 & 6 muutlis' trade bills. 3 ai3>3
been very seasonable, and hopes are entertained that there will
be an early spring. The advantages to be gained from an
early and bounteous harvest would be great, though it would
be too much to expect that, after five years of adversity, weare to enter upon a career of uninterrupted prosperity. There
would certainly be a commencement of a better state of
things, but continuous and heavy losses have to be made good,
and the process of economy must therefore continue. Evi-
dently, the lessons which have been learnt from the recent
period of perplexity and loss, will be remembered for some
time to come, as many difficulties and anxieties have arisen,
and any repetition of them will be avoided. A pause in mer-
cantile business seems therefore inevitable ; but, no doubt, a
fresh start will be made, if there is any reason to believe and
hope that, say in May next, a better result will attend the
farmers' labors.
The money market is firm in tone, owing to the fact that the
requirements incidental to the close of the year ate heavy. These
have no permanent influence, but there are indications of re-
newed ease as soon as they have been satisfied, and especially
as soon as the dividends have been paid. The money market is
disappointing from the fact that there is no material increase in
the supply of mercantile paper—an improvement which has
been looked forward to for some time past, but which has not
been realized. The following are the present quotations for
money:Per cent.
Bank rate ,
.
3Open-market rat«8
—
30 ami 60 days' biUs 2%'a)2'83 mouths' bills 2%®2''8
The rates of interest allowed by the joint stock banks and
discount houses for deposits are subjoined :
Per cent.
Joint-stock banks 2Discount houses at call 2
do -with 7 or 11 days' notice -H
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of consols,
the average quotation for English wheat, the price of middling
upland cotton, and the Bankers' Clearing House return, com-
pared with the three previous years:
1879. 1878. 1877. 1876. 1
Circulation, including & £ £ ^_ ,.bankpost bills 27,711,776 33,369,560 26,71.5,441 28,197,408
Public dciKwits 5,106,209 5,577,109 5,492,869 8,173,488Other deposits 28,045.331 27,872,-ii95 20,133,367 22,375,676Goveinni't securities. 15,843,584 14.235,391 13,383,176 15,958,6.53Other securities 20,299,840 27,906,335 18,441.363 17,518,852Res'vc of notes* coin. 15,189,737 9,312,285 12,234,085 15,467,179Coin and bullion Inboth departments .. 27,421,692 27,453.076 24,032,070 28,365,434
Proportion of i-eserveto liabilities 44-78 2771 4628 6311
Bankrate 3 p. c. 5 p. c. 4 p. c. 2 p. e.
Consols 9758 94:it 9419 9ti4
Eng. wheat, av. price. 468. 6d. 40s. 8d. 518. 4d. oOs. 8d.
Mid. rpland cotton... 015,,.^. .55i„d. G^iBd. 6tiisd.
Cleai-'g-houae retiu-n. 96,084,000 94,218.000 68.371,000 61,508,000
The price of red spring wheat having risen in New York to
$1 60 per bushel, the trade for wheat in this country has been
very Ann, but business has been restricted in consequence of the
holidays. The weather continues severe, and supplies from
Eastern Europe are certain to be scanty for some time to come.
Hence, American wheat will continue in demand, both on English
and Continental account. American supplies are by no means
unsatisfactory, but European wants are very great, and as there
is no chance of any accumulation of supplies, there is equally
little chance of any depression or relapse in the trade. On the
contrary, the tendency is likely to be towards higher prices as
long as the weather remains severe.
During the week ended December 20 the sales of home-
grown wheat in the 150 principal markets of England and Wales
amounted to 41,787 quarters, against 51,419 quarters last year;
and it is estimated that in the whole kingdom they were
167,250 quarters, against 206,000 quarters in 1878. Since
harvest the sales in the 150 principal markets have been
497,316 quarters, against 951,008 quarters last year, and it is
estimated that in the whole kingdom they have been 1,989,300
quarters, against 3,804,100 quarters in the corresponding period
of last season. Without reckoning the supplies furnished ex-
granary at the commencement of each season, it is estimated
that the following quantities of wheat and flour have been
placed upon the British markets since harvest
:
1879. 1878. 1877. 1876.Imports of wheat.cwt.21,857.212 17,026,789 21,159.782 12.495,886Imports of flour 3,887,698 2,391,524 2,560,357 2,019,253Sales of home-grownproduce 8,620,100 16,181,200 13,721.670 15,278,600
Total 37,365,040 85,902,573 37,441,809 29,793,738
Jand3U«y 17, U80.I THE CHRQNK'LK 57
Deduct exports of 187C.wheat aud Hour 317,091
1878-734,127
1877.711,173
187a.473,202
KcBUlt 37,017,949 35,168,880 36,700,636 29,320,476Av'ge price of EnKliBhwheat for the Hciisoii. 488. Od. 41a. Id. 51«. 7d. 478. 8d.
|The following figares show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.;,
from the first of September to the close of last week, compared
with the corresponding period in tlie three prerious seasons:
IMPOKT8.1879. 1878. 1877. 1870.
Wheat cwt. 24,837,212 17,020,789 21,159.782 12,495,880Barley 6,558.131 4.98:),(W;» 5,001,011 4,819,2<!1Oat« 5,674..589 1,375.911 4,116,758 3.919.(il(!
Peas 918,758 000,148 772,053 578,408Beans 919.190 501,380 1,491,.593 1,593,360Indian com 7,.'J03,105 10,155,858 8,918.011 12,992.861Flour 3,887,098 2,391,521 2,500,357 2,019,25;j
Wheat cwtBarleyOatsPeasBeansIndian comFlour
EXPORTS.1879. 1878.303,599 703,509
6.317 50.67320,825 37,17558,339 6,91812,708 2,832
331,729 99,11143,192 30,018
Open Bank Openmarket. rate. market.Pr. ct. Pr. ct. Pr. ct.25&»2''8 St. Petersburg ... 6 5%S0i42%a3 Vienna & Trieste. 4 3\»1
3 Sliulrid, Cadiz &3l2®33j liarcdona 4 1 a>5sviasii! Li.sbon & OlKirto. 6 siflso3'4®3ia Calcutta 43>2a3^ Copcnhasen 31^31
New York3l9®l
1 5 3631i3
1877. 1876.23,511 458,13923,990 10,07549,762 54,1177,800 10,0909,019 13,868
41,288 179,03417,620 15,123
The stock markets have been devoid of any important feature
during the week. JIany dealers have closed their books in
anticipation of the end of the year, but the tone has been
scarcely so good. It is probable that when the dividends are
declared upon the capital of public aompanies in a few days,
there will be some, if not considerable, disappointment,
especially amongst the holders of shares in British railway
companies.
The following are the current rates of discount at the prin-
cipal foreign centres
:
Bankrate.Pr. ct.
Paris 3Brussels 3Amsterdam 3Berliu 4Hambm'g 4Frankfort 4Leipzig 4Genoa 4Geneva 312
The following letter, which appears in the Timet this week,
relating to the state of trade, and in reference particularly tothe iron trade, will prove of interest. The remarks are en-dorsed by many, and describe, I think, a true condition ofthings.
I addressed a word of warning in October last when pig iron iu Scot-land was in a highly excited state, au<l some good, 1 believe, was doucby restraining the spirit of si>eculation which was then at work. May 1
again b<'g space for a further word or two to both employers and em-ployed in the iron trade!
It Is barely four months since we were in the very depths of depres-sion, with suspension of work or llnanctal ruin iu the face of thosewho hatl not already met one of these? alternr.tivcs. The outlook forthe winter was gloomy in the extreme, and not a speck of bluesky could be seen in the horizon by any one. What a clh-uiguslnoc then ! The inn>rovement, the progress, the prosperity, ofthe iron trade Is iu everybody's month, from the puddler'sboy to the Prime Minister. The newspapers struggle forevery scrap of new information which coni'crns it, and everybody feelsthat what was not less than a national misfortune has siuldenly becomea. sulijei'f of national benetit and congratulation. But is it all genuine !
Is the demand real! How much of it is an antieij)ation of wants byspeeuhitivc puicliasi'rsi How nmch is niorely a transfer of stock fromthe manufacturer's overstocked yard to the merchant's emptv store I
How far hii« actual consumption absorbed the production, and how faris it likely to reach the immense extension of production which is goingon on everj- sidel We hear daily of bhist furnaces, mills, forges, foun-dries, all going inio work as ipilckly as rcjiairs can be effected and fireslighted. We arc in a high state of excitement. One buyer is rushingafter another, e.ach advancing the price on him who preceded him ; con-tracts for future delivery are greedily entered Into by eager buyers, anda heated .and rash speculatiou as sndileu as it was unexpected hasfollowed a condition of things which, only four mouths ago, was asdeplorable an<l depressing as can be imagined.
I utterly fail to see Just and reasonable cause for all that Is occurring,and can only look forward with dread to the Inevitable d.ay of soberreckoning. The American demand has been the basis and superstruc-ture of the whole. It took us by surprise and has been an immense gaintons. It was only realized when we saw how nnich America was likelyto win by the bad harvest of Northern Europe; but our misfortune Isthe very reason why Europe cannot follow the American lead in pur-chasing power, although speculators s-em to think so. Our consumersare In no Ix'tter, but a worse, condition for absorbing increased manu-factures, still less Is a Continental demand likely to do so. Poor har-%-est8, with disturbed politics and armed camps full of the peril of war,are rather likely to curtail foreign consumption.At home we have got to pay for our domestic supplies, which will
gradually give ns dearer money.Ourrailway tratlic returns are scanned with impatient haste to m.ark
the signs of home improvement, but except such an Increase a.s cannearly be accounted for by a transference of goods from producers tomerchants, there is little to arouse either hope or speculation.The country may or not be ilisturbcd soon by a goucriil election, but
Bucli an event always disturbs and restrains busuiess.To show wh.at a eliange in prices there has been within four months I
will only give three or four articles as an illustration. Hematite pigiron in August was 198., to-day It is 9158.; tin plates were then 14s. Od.per bo.\ for coke, to-day they are 24s. per box ; bar iron was £i 5s. pertnn. It is to-<lay £7 per ton ; sliip-plates were £5 per ton, and are nowXH 5s.; Scotch pig iron was lOs. per ton, it is to-dav (iOs. per t<ui.
.1}'"."'"''.' '*' "*"'•*' ""*' ""*'*' "" a<'vauce Is without any precedent, and
that If a change of so sudden and vi.dent a character is maintained,much less extended, it will be as remarkable as the change Itself. WhileI can only hoiie in my own interest that it may ho so, I am sure we areall on the road to reaction and disappointment.
Tenders will be received at the Bank of England on the ."ithof January for £1,585,000 in Treasury bills, in the usualamounts, to replace those falling due.
BnKllali Market Heporta—Per Cable.
The daily closing quotations in the markets of London andLiverpool for the pa-st week, ao reported by cable, are shown i»the following summary:London Money and Stock Market.—The ballion in the Bank.
of England has increased £1 lOjOOa during the week.Bat. Mon. Tue». Wed. Ttaun. Frt.Jan. Jan. Jan. Jan. Jan. Jan.10. 12. 13. 11. 15. 16.
Silver, per o» <f. 523852i<8 52»ig 825ia 52»i8 BS'is
Consols for money 97>3ig 97":ii« 07I»i« 971»i8 971»ib »71»j«.Consols for aeceunt .... 97i:'i« 97''8 97l»j« 971»ib 97I3i« »7I»i6.U. 8. .58of IHHl 106^ lOO'^ lOO'g 100^8 xl05»» lOSisU. 8. 4>3Sof 1891 U0:(i 110\ 111 llOht 111 111tJ. 8. 4s of 1907 106\ 107 107>4 107'fl 107'a 107=8Krie, common stock 44>3 44''h 44>4 40°h 46iti 45>4Illinois Central 104>u 104'u 101>s 107 107 10«>»I'cnuHylvania 52=8 52^ 52i4 52is 52io 52HPbiladelphluA Heading. 304i 30>4 35>.j Sb'H 36>4 36
Liverpool Cotton Market.—See special report on cotton.
Liverpool Breadetuffi Market.—Sat. Mon. Tues. Wed. Tbim. Pri.«. d. s. d. : d. t. d. s. d. «. d^
Flour (ex. State) ip bbl..29 6 29 6 29 29 29 O 20 OWlieat,spr'g,No.2,1001b.lO 10 10 10 10 9 10 9 10 9 10 »Spring, No. 3... " 10 6 10 6 10 5 10 5 10 5 10 5Winter,We8t.,n. " 11 5 11 5 11 4 11 4 11 3 11 3Southern, new . " 11 11 6 11 5 11 5 IX 4 11 4Av.Cal. white.. " HI 11 1 11 O 11 11 O 1011.California club. " 11 7 11 7 11 7 11 7 11 7 11 &
Coni,mlx.,W.old¥c«nt'l 5 713 h 713 5 7»3 5 7'9 5 7'3 5 7do do new. •' 5 6>a 5 6»a 5 #J-j 5 6>s 5 6>2 5 S"*Liverpool Provisions Market.—
Sat. Mon. Tues. Wed. Thurs. Pri.s. d. t. d. I. d. ». d. «. (I. f. d.
Pork, West. mess.. "phbhSO O .59 59 59 59 O 59 OBacon, long clear, cwt.. 36 30 6 30 37 O 36 6 36 »Short clear " 37 6 38 O 38 O 38 O 38 O 38 O-
Beef, pr. mess, '<$ tierce. 82 8'2 82 82 O 82 82 O-Lard, prime West. Scwt.lO 41 41 41 41 O 11 O'Cheese, Am. ohou;e " 09 09 09 70 71 71 »London Petroleum Market.—
Sat. Mon. Tues. Wed. Thurs. Fri.d. d. d. d. d. d.
Pet'leiim, ref . ^ gal. O'e 6 'a/eis O'aaOH .. -a -.0 SjC-^ .. a ..
Pet'leum, spirits " . . ® . . . . ® . . . . ® . . . . ® . . 7 ®7 "a . . ® .
.
®0ittittcvcialatxd^lscjcUattC0t(s %tysss.
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, showan increase in dry goods and a decrease in general merchandise..The total imports were $6,915,599, apinst $7,862,989 the pre-ceding week and $8,590,830 two weeks previous. The export*for the week ended Jan. 13 amounted to $4,998,157, against$5,906,669 la.st week and $6,745,856 the previous week. Thefollowing are the imports at New York for the week ending(for dry goods) Jan. 8 and for the week ending (for generalmerchandise) Jan. 9:
POKKION IMPORTS AT NEW TORK FOR THE WEEK.1877. 1878. 1879. 1880.
Dry Goods $1,002,115 $1,852,110 $642,278 $2,113,912:General mdse... 5,323,177 1,390,357 1,586,204 4,801,087
Total week $8,985,322 .$(!,212,707 $2,228,432 $0,915,599PreV. reported.. 5,259,709 1,977,793 1,267,332 7,862,989
Total s'ce Jan. 1. $12,215,031 $11,220,560 $6,196,314 $11,778,388
In our report of the dry goods trade will be found the importsof dry goods for one week later.
The following is a statement of the exports (exclusive ©t.specie) from the port of New Yoi'k to foreign ports for thaweek ending Jan. 13:
exports from new YORK FOR THE WEEK.1877. 1878. 1879. 1880.
For the week.... $0,197,867 $5,098,167 $1,217,380 $1,998,157Prev. reported.. 3,981,539 0,177,311 4.429,575 5,iH)0,009
Tot«l8'cc Jan. 1. $10,479,106 $11,373,711 $8,676,955 $10,901,828
The following will show the exports of .specie from the portof New York for the week ending Jan. 10, 18S0, and also a com-parison of the total since Jan. 1, 1880, with the correspondingtotab for several previous years:
Jan..5—Str. Wyoming Liverpool Mex. silv. dola. $26,3936—Str. France Havre Fr'ch silv. coin. 1,700'9—Str. Republic Liverpool Eug. silv. coin. l,00O^
10-8tr. Weser London Mex. silv. dols. 21,410Mex. silv. buU'a 15,737
Total for the week ($67,040 silver, and $ -
Previously reported ($ silv., and $—Tot. since Jan. 1,'80.($67,040 silv.. and $-Same time in
1879187818771876
816,120150,101931.02;
Same time in
3,067 11875 $1,311,1901871 1,335,9381873 3,855,3081872 915,292.
The imports of specie at this port for the same periods baT»been as follows:
-gold) $67,01»-gold)
gold) $67,040'Same time in—
1871 $1,784,7331870 1,316,6811869 1,151,3281868 5.910,931,\
Jan.5-Str. Atlas5- -Brig Tula
...Hayti
...Central America...
7—Str. Andes U.S. of Colombia..
$500694200
1,2.5010050»310
],500>130,863
Total for the week ($1 ,291 silver, and $1 51,622 gold) $1 55,916Previously reported ($3,710 silv., and $5,693 gold) 9,403
Ttot. since Jan. 1, •80.($5,004 sUv., and $160,315 gold) $163,319
Am. silv. coin..Am. silv. colu..Am. gold coin..Am. gold coin .
.
For. silv. coin..For. gold coin.
.
Gold bars10 G. F. LIttlefleld.. Venezuela Am. gold coin..
10—Str. C. of New York..England Gold bars
58 THE CHUOI^KJLK. fVol. XXX
Same time In—IotST.;. *242..1IM
1878 325,3031877 696.5521876 01,954
Same time In-Snrae Umc In—1875 $89,9351874 32,3121873 53,l!09
__ 1872 61,310
The following table shows the receipts and payments at the
Bub-Treasury in this city, as well as the balances in the same,
for eai'h day i>f the past week:
1871.1870.1869.186S.
$159, 180270,:i77KJO.'.IO.-)
!t.-),019
Receipts,
Jan. 10.12.13.14.10.16...
i_
$884,121 70
3,321,733 271,430,970 .">1
1,403,6«2 19913,4.1tl 12
1,090,344 03
Total n,o4fl.2lW 4:
Payments.
025,3,2rf5,
914(U4864044
010674,914,637,3.'4
,001
Balancen.
Quid.
$9?.fi40,044 0898.865,324 3899,071,101 01U9.617,0."i8 0299,498.270 7^09,607,490 52
r,028,592 0«'.
Currency.
$5,068,201 905,498,981 465,779.172 115.994.320 («>
6.102,228 906,459,352 21
U. S, Legal Tbsdem aj(d National Bask Notes,—From the
Comptroller of the Currency, Hon, John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three mouth.s past
:
V. S. lionilt held a» lecurili/ foryalional llanL-g.- Oct. 31. Nov. .SO. ncr;.?!-
Bonil»roi-olri'HlHtlonaci«>slted... $7,286,330 $.->,600,400 $9.7.J.i..«)0
Bonds for circnlatlon wHlKltawu. 2.514,4.50 4,207,900 7.907.200
Total hi'lcl for flrcultttlon 363,802,400 365,194.900 367,021,000Bondsbildassuciultyfordeposfs 14,692,000 14,763,000 14,817,000
Legal-Teniler jVote*.—DciMwlti'd in Trc;i8Ury under actof June 20,1374 122,400 103,500 333,420
Total now on doinwlt, Inclndiugliquidating banks 12,907,199 13,121,779 13,374,7.57
Total entered nndcr act of Jan. 14,1873 35,318,984 33,318.984 35,318,984
Total nuiount of greenbacks out-standing 346,681,0)0 346,681,016 346,681,016
Kational Bank Circulation—Newelixiiliilioni.isucd 3,602,0.50 3,109.3.50 2,576.580Circulation R'tlieil 672,872 224.990 234,022Total notf.s ontstnuding—
Currency.335,754,298 338,618,658 340,901,210Gold 1,447,120 1,447,120 1,426,120
Kotes rec'vd for redem'u from—New York 946,000 905.000 927.000Boston 636,000 730.000 358.000Phtladeliiliia 241.000 216.000 213,000MlsceUaneous 1.525,000 1,400,000 1,424,000
Total $3,348,000 $3,251,000 $2,922,000
Statement of the Comptroller of the Currency on Jan. 1.
1880, showing the amounts of National Bank notes and of LegalTender notes outstanding at the dates of the pa8.sage of theActs of June 20, 1874, January 14, 1875, and May 31, 1878,together with the amounts outstanding at date, and theincrea.se or decrease:National Hank Notts—
Amount OKtstiiniling June 20, 1874 $.349,894,182Amount outstandiuf,' Jamiary 14, 1875 351,801,450Amount out.Htaudlng M.iy 31, 1878 322,555,965Amount (iut«tandin); at date* 340.961.216Increiwc during the last mouth 2,342,558Increase sinee Jan. 1, 1879 18,638,302
X-egal Ttuder Notes—Amount outstanding June 20, 1874 $282,000,000Amount outstanding January 14. 1875 382,000,000Amount retired under act of Jan. 14, 1875, to Mav 31, '78 35,318,984Amount outstanding on and since Mav 31, 18'8.." 346,681,016Amount on dciwsit with the U. S. Treasurer to redeemnotes of Insolvent and li(|uidating banks, and banksretiring ciirulatiim under Act of Jujie 20, 1874 13,374,737
Increase lu deposit during the last month 252,978Increase in deiwsit since Jan. 1, 1879 2,802,992
* Circulation of national gold banks, not included In the above$1,426,120.
Chicasro & Inwa.—Receiver Holcomb has put the road andequipment in good order, and paid oflF some old claims, and re-ports to the United States Circuit Court that he has §211,504on hand, being $63,004 more than the amount necessary to paythe accrued interest of $148,500, He had operated the roadfor twenty-nine consecutive months, the net earnings being$781,913, or $323,950 per annum, leaving the net earnings perannum, over and above the interest charge, $183,550 Thetaxes due amount to $7,000, while there is in litigation $25,000—tax on the capital stock. The company presented a petitionto the Court, asking that the road be returned to the hands ofits officers, as previously agreed upon. Judge Drummond re-ferred the report to Master in Chancery Bishop, and until hemakes report, the road wiU remain in the hands of KeceiverHolcomb.
8t.Paal& Dniath Railroad.—This company's financial state-ment 18 as follows:
T».ll«.,l -^^I'l.';'"'* '" "K<^EMBER 1. 1879-8IX MONTHS.Railroad receipts i|Kt7« hot
Kallroad cxininses .'"^.'.'."!'.":."::::7zit'^l
Becelpts land department Aao naaExpenses land department '.'..".".'.'.'.'.'.'.y.y." 8,980
Imports or IieadlDK Articles.
The following table, compiled from Custom House returns,shows the foreign imports of leading articles at this port forthe years 1880 and 1879 :
[The quantity is given iu packages when not otherwise specified.]
China, &c.
—
China£arthenw .
OlassGlassware
.
Glass plate.ButtonsCoal, tons...Cocoa, bags.Coffee, b.igs.
Cottou.balesDrugs. &o—Bai'k, Peru.Blcii. powd.Cochineal..Gambler . .
Gum, Arab.IndigoMadder, &eOil, OUve..Opium ....Soda, bi-cb.Soda, Sill...
Soda, ash..FlaxFuraGunny clothHairHemp, balesHides, &c.Bristles .
Hides,dr'sdIndia rubberIvoryJewelry ,<&c
Jewelry .
.
Watches .
LinseedMolasses...Metals, Ac-CutleryHardware...
1880.
2141.131
15,2451,185227225908
1,78899,640
102
2,0021,241135
7942296
768102
1,0002,9295,037127305100501
1,926
734o4
2,245
10435
3,8182,103
29221
1879.
262700
31,972
8115189443!<
r8.577:
1,920332!
895279142194124105
"5!)2
1,393|60,
126:
""491
1,0311
1691
1,13676
53'
143
141
12319
Metals, Ac-Lea<l, pigs
.
SiHjltcr, 11)8
SteelTin, boxes.Tiusll)S.,lb8Paper Stock.Sugar, hhds.tos..&bbis.
Su.gar, boxesand bags . .
.
TeaTobacco ....WasteWines, &c.—Champ'gne
Ij.iskets -
.
WinesWool, bales.Reported byvalue.CigarsCorksFancy goodsFishFruits, &c.—Lemous .. .
Oranges . .
.
NutsllaisinsHides, undr.EicoSpiees, Ac-CassiaGinger.. ..
Pepper ....Saltpetre - .
.
Woods
—
CorkFusticLogwood ..
Maliogau}'
.
1880,
1,190110,23013,44837,108
900,3328,648
0,752
92,592139.511
3,0903"
8731,8201,545
70,520
27,42325,243
15,00385,56156,45861.803
1,004,3304,699
39210
12,745
9,7'
10041,7314,723
1879.
22,0461,081
19,507305,623
3,755
5,034
14,17537.4683,135
45
3,1422,6251,054
49,9041,071
23,12215,459
6,39035,30237,2008,070
229,4333,220
5591,6492,049
2,G253,34615,557
345
Exports of Provisions.The following are the exports of provisions from New Tork>
Boston, Baltimore, Philadelphia, Montreal, Portland and NewOrleans, for the week ending January 10, 1880, and theirdistribution:
Pork, Beet, Lard, Bacon, Cheese, Tallow,To- bbls. bbls. 1I)S. lbs. lbs. lbs.
Llverpool .... 1,861 988 496,313 10,436.635 1,087,429 820,300London 2,009 1,143 254,273 408,200 310,020Glasgow 104 713 88,120 687,623 262,200 151,700Hull 706,800 20,700British ports. 106,875Hamburg iso 83 607.200 12,875Bremen 21 17 350,400 27,600Rotterdam...Antwerp
—
240,000 444,125 4,000Havre 61 148,419 983,565Marseilles. . .
.
Italy.... 288,000LisbonGenoa . .
Cont'l ports.. 56 21,375 62,3258.&C,America 375 109 481,845 62,779 7,410 10,633West Indies.. 2,771 640 393,882 206,171 18,630 625B. N. A. Col .
.
193 3,254 21,000Oth'rcountr's 378 112 200 6,367 733 14,462
Total week .
.
7,867 7,470 3.136,754 13,998,017 1,805,302 1,312,140Previous w'k 4,900 3,.594 2,827,371 17,242.641 1,611,298 1,163,646
$128,516
iy>toi.
80,116
Preterrc.1 stock "receiviii in" "payment" iitid'canceiled: ! : ! ! ! ! ! ! ! ! !! ^^64'! " "
357Total.
$144,273
37,568
«^^'P^ $U6,706—The N. Y. Tribune Almanac for 1880 is at hand with its
^ZlZ^J^ll"^9>"tit«l and general statistics, at the old andmoderate price of 25 cents per copy.
—The new card of the New York, New England & WesternInvestment Company, 31 Pine street. New York, will be foundin the Chronicle to-day. Gentlemen connected with the com-pany, and who have been familiar with all its operations,
inform us that the company's office has become a profitable andconvenient place for investors wishing sound securities, and thebusiness of the company has grown to large proportions.Through its agency large amounts of money have been investedfor owners of capital, and many counties, towns and cities havefunded their entire indebtedness ; and holders of defaultedbonds ha ve found the company's service of great value. TheExecutive Committee is composed of Messrs. John C. Short,Rosewell G. Eolston, William P. Watson, Geo. P. Talman, andGeo, W, Debevoise, gentlemen whose names are prominent in
financial circles in this city,
—Attention is called to the card of Mr, John P. Zebley, Jr.,
banker and broker, 5 Broad street. New York. This firm hasbeen in the Street for some years, and has had much experience
in securities of the West, and give especial attention to de-faulted bonds of Illinois, Missouri, Kansas and Nebraska, andcheerfully furnish all information in relation to the same. Theyalso desire correspondence inviting information in relation to
all bonds and stocks dealt in on the New York Stock and MiningExchanges.
—Mr. Joseph G. Martin, stock broker, of No. 10 State Street,
Boston, has issued his annual publication of "Stock Pluctu-ations" in that market, whicli constitutes an appendix to his
seventy-three years' history of the Boston Stock market. Mr.Martin is well known as the careful statistician of the Bostonmarket, and his publications carry a reputation for accuracyand completeness which secures for them a ready circulation.
—^The Homestake Mining Co. has declared its usual dividend(for December), payable at Wells, Fargo & Co., 65 Broadway,on the 26th. Transfers close on the 20th.
jANUAnv 17, U80.] THE (CHRONICLE. 59
I
No National Banks orga>>ized durin«f the past week.
Ul V lUKN un.Tlie following (llriilondH have, raccntli' liccii niiimiinccd:
Name of Gonipaiiy.
Rnllroads.Kansas City Topeka & WhbIciii.
IfiNiiruuce.Amori«ai!Aiiieiicnii Kxch > ugo FlroHroolily II
'.
Ooium«i( liil I'Miv
C'nntiiuMital,
Umpire cityExclmiiw FIrui'arriiKiii FireFlreiiHirs TrustOerinan AmericuuGorman ia(ireouwich<JiiardiHii FireIlowaril •.
Kings CiiiiutyI<afayot t eLamar.I/6I10X FireLonff TsiamtMaiiiiatiaii FireMeoliaiiics* »& Traders'Mooliaii iff'
Mercliauts'Montaiil;NassauPeter Conper FirePliciilx (Broolilyu)KopulilicStandard FiroStuyvcwmtWilllam.sl)urf;h Cltv Fire
Hauks.New Yorli National Exeliango...
JTIfxecllaneou*.Oregon Kallway & Nnv. (quar).
PerCent.
510U
G-S.
57>i
3h
10
555(J
7557105•Jh
0-235
10
3^
2
WhenPayable.
Fell. 2.
On demOn demOu dem.On dem.On dem.On dem.Fel>. 2.
On dem.On dom.On deni.On dem.On dem.On dem.Ou dem.On dem.On dem.On dem.Ou dem.On ilom.
dem.On dem.On dem.Ou <lem.On iletu.
On dem.Jan. 20.On dem.Jan. 17.On dem.On <lein.
Ou dem.
Fel).
Fell.
Bnolcs Closed.(Days inclusive.)
Jan. 15 to Jan. 2;!.
Dee. 21 to Feb. 1.
Jan. 27 to Feb. 4.
FRIDAY, JAN. 16, 18 80—5 f. M.Tlje money JTIarkel and Financial Situation.—The course
of affairs iu the financial markets has heea very much what wasanticipated—money has relaxed, the activity in stocks and bondsbaa increased, and the demand for investment securities is sharp
and apparently increasing daily. Hiving omitted, as usual, ourreview of the month of December (including that month in thereview of the year) we bring forward the following interesting
statement of the total transactions at tlie Stock Board in each of
the past four months :
U.S. Governm't bondsState bondsKatlroad bonds . .
.
Banlc stoelcs. . .sharesKailroad. &e.. "
September.
$0,S90,GOO413,800
33,r.90,.')47
Ull6,973,101
October.
$3,4l?3,8.")()
1,951.4.")000,982,140
2,1H111,252,601
November. December.
$6,275,100906,000
51.822,910
99910,.535.975
$9,387,700633,200
42,641,055
7197,052,548
The statement cf Dun, Barlow k Co. of the mercantile failures
in 1879, has just been issued, and it is certainly one of the mostremarkable exhibits of the sort ever made. The total numberof failures in the United States in 1879 was 6,058, with liabili-
ties of 198,149,033, against 10,4^8 failures in 1378 with liabilities
amounting to ^331,383,132. All the years in which failures ex-
ceeded f90,000,COO, from 1657 to date, have been as follows:
Amount ofYear. Failures. Liabilities.1857 4,932 $291,750,0001858 4,225 95,749,0001861 «,U93 207,210,0001867 2,780 96,666,0001872 4,069 121,056,0001873 5,183 228,499,9001874 ,"i,8,30 155,239,(1001875 7,740 201,000.0001876 9,092 191,117,0001877 8,872 190,660,9361878 10,473 234,383.1321879 U,058 98,149,053A transaction which attracted some attention was tlie with-
drawal of bonds and surrender of circulation by the NationalMetropolitan Bank of this city. This bank deposited $3,200,500in the Sub-Treasury for tlie retirement of the same amount of its
circulation, and wthdrew $3,450,000 in four per cent bonds.
President Seney said that tlie operation was merely a businessone, by which the bank clears a profit of over $90,000, besides re-
ducing materially the onerous tax (one per cent) which it has beenpaying on its note circulation.
The money market has shown decided relaxation, and duringthe past few days rates have been quoted at 3 per cent on gov-ernment bonds, and 4(33 on stock collaterals, a fair range of theweek is 3 36 percent. Prime paper is in demand at 3(g6 percent.The Bank of England statement on Thursday showed a gain
for the week of £119,000 in specie, and the percentage of reserveto liabilities, was 41 13-16 against 39 previous week ; the disjountrate remains at 3 per cent.
The last statement of the New Vork City Clearing-House
banks, issued January 10, showed an increase of $3,^88,575 in .
the ex'.ess above 25 per cent of tlieir deposits, the whole of
such excess being $3,833,400, against $483,823 the previous
week.
The following table shows the changes from the prevloiu weekand a comparison with the two precediD(r rears.
Loans and dis.
8|>eeleCireulntiou ..
Net deposits .
Legal tenders.
Lofntl reserve.Itcsorve held.
Siiri'lns
1880.Jan. 10.
Dlffer'nces fr'mprevious week.
$270,116,1005l.47;)..->002.1.H 12.900
2 l(!.i)9.->,600
14,097,800
$01,718,90065,571,300
$3.S22,40O
Dec. $590,Inc. 3,191,Inc
.
64.Inc. 4,908.Inc. 1,371,
Inc. $1,227,Inc. 4,503,
100400300500300,12.->
.700
lue .$3.338,575
1879.Jan. 11.
1878.Jan, 12.
$230.{!S2.000 $230,030,3001 S.962,4001 27,093,20019,785.000 19,861,000
206,482.200 203.666,00045,O55,400| 31,801,000
$51,630,5.jOi $50,910,50061,017,800 61,897,200
$12,307.2.!i0l $10,080,700
United States Bonds.—There has been a strong demand forCiovernment bonds on investment account, and there is but asmall supply of bonds in this market to meet the demand. Thelate reports from Washington indicate that the bill for refundingin 3J per rent bonds has a good chance of passing the House,and that there is a possibility of an ultimate compromise be-tween the different parties on a bond bearing 3'6o interest.
Closing prices at the N. Y. Board have been as follows:
6s, 1880 reg.
6s, 1880 coup.6s, 1881 rcg.
6s, 1881 coup.5s, 1881 reg.
5s, 1881 coup.mss, 1891 reg.
ms, 1891 eoup.4s, 1907 reg.Is, 1907 coup.6s, eur'cy, 189 5.. reg.6s, cnr'cy, 1896. .reg.
6s, cur'ey, 1897.. reg.6s, eur'cy, 1898. .reg.
68, cur'ey, 1899.. reg.
InterestPeriods.
J. & J.J. & J.J. & J.J. & J.Q.-Feb.Q.-Feh.Q.-Mar.Q.-Mar.Q.Jau.Q.Jan.J. & J.
cS: J.&. J.&
Jan. Jan. Jan.10. 12. 13,
•1021a*102»8•10438•10438'•102 '4-1031.2*107
I
IO7I4lOS's'103^!
•12114;•12112•122)22i4l•122?j
-IO2I3'102 la
'101=9104^8•10238103 ''s
107 ig
107%10413104 14•12112•121^•122•I22I2•123
'102 19102%104=8104 13•102%no35(,107 12107%104%104%
"I2II1J•121%•122'1221s'123
Jan. Jan,14. 15.
Jan.IB.
'102i3^102%102i2'^102%104 13; lOlHj'lOlia lom!'102%| I02I210358 103%107%107%104 laIO4I2121'I21I4'I2II21221221a
107%107%101%104 13121I2II4121 13'122
j
1221a
102%102''9
104%104%10213103%107%107%1041a104 13121I2II41211a1221221a
• This is the price bid : uo sale was made at the Board.
The range in prices since Jan. 1, 1880, and the amount of eachclass of bonds outstanding Jan. 1, 1880, were as follows:
68, 1880.... ep.6s, 1881....cp.5.S, 1881....ep.Has, 1891.. ep.4s, 1907....ep.6s,eur'ncy.reg.
Range since Jan. 1, 1880.
Lowest. Highest.
1025] Jan. 13 102% Jan. 13lOlifl Jan.103% Jan.106% Jan.103 Jan.
10413 Jan. 133 loss's Jan. 152 107% Jan. 132 104 13 Jan. 14
Amount Jan. 1. 1880.
Registered. Coupon.
$14,730,000185,389,550286,987,750167,981,900492,645,45064,623,512
$3,685,00068,774,700
221,452,60082,018,100
215,845,100
Closing prices of securities in London for three weeks past andthe range since January 1, 1880, were as follows:
U.S. 5s of 1881...U. 8. 4ias of 1891.U.S. 48 of 1907...
Jan. Jan.9.
Jan.16.
Range since Jan. 1, 1880.
2. Lowest. Highest.
106%look's106 14
1061a110^106 la
x05%HI107%
105% Jan. 15 look's Jan. 1210979 Jan. 2 111 Jan. 13IO6I4 Jan. 2 107% Jan. 16
State and Railroad Bonds.—The strongest among the South-ern State bonds have been the Alabamas and the Virginia de-ferred. The first named bonds, as well as other good Southernbonds, are in demand at home, where there is more money for
investment now than there has been at any other periol since
the war.Kailroad bonds are very strong and active, and the investment
demand is pushing up the prices of all old bonds, while many ofthe securities of defaulted and reorganized roads are also in
sharp request.
Messrs. A. H. MuVer & Son sold the following at auction :
Shares. I Shares.10 Park Fire Ins. Co 113 | lOEmpIro City Fire Ins.... 100
155 New Jersey Midland I 38 N. Y. Gaslight Co... .82ia-80iaRR., $100 each 214 I 5 Produce Bank of N. Y... 4.0
5 Jeflersou Fire Ins. Co— 142 i
Railroad and miscellaneous Stocks.—The stock markethas shown an increasing business, with i>rices generally stronger.
There have been some temporary re-actions in the course ofprices, occurring from sales to realize profits, but the undercurrentof the market appears to be strong. The latest report directly
bearing on the price of stocks is that concerning the consolida-
tion of Kansas Pacific and Union Pacific with a large stock divi-
dend on the first-named ; both stocks have advanced materially.
Nashville & Chattanooga is strong on its reci-nt acquisitions, asIt will form a leading trunk line from St. Louis to Savannah. TheWabash & Pacific stocks showed some weakness on Wednesdayand Thursday, but are firmer again to-day. The Missouri Kansas& Texas securities have been active and strong this year, butwho will eventually control the road, is not yet known to thepublic witli certainty. Erie has again come forward and shownsome activity at higher prices. The Western Union stock doesnot weaken much as yet from the threatened opposition of theAmerican Union, although this opposition seems to be gaining
ground to such an extent that it can nolonger be considered in-
significant. The coal stocks have shown some animation, but nogreat advance, and the annual report of the Reading Companyis only favorable in its rose-colored views of the future, and not
In its exhibit of last year's business.
The daily highest and lowest prices have been as follows:
60 THE (JHRONICLR [Vol. XXX.
Mtnrdar.jw. 10.
Am.DUt. T«4.AtI.*l'»c.TelCknailklioulk.Cent, of N. J..
CbM. A Oliki..
do Int prf
do Kd vrt.
Chle. A AltonOble. Bur. A (^
Chlc.H.A ttt.P
do pref.
""So'^prtf.lwglWfichic.R.i.iP 'S'*'52'*Chic. (•t.l'.AM-Cler. C. I'. *1.Ci.l.Clilc* I.e.
Bel.*11.0an»lIK-l.lJick.* W.UtM.lLSl.Jo..
do pref.HOU9.4 Tei.C.IlllnolsCi-nt...Ind.On.Jk iJktKkONU IhioiHcLakeKripAWlAke Shore....Ijoal«T.& NubManluttUn. ...
MmrJt O.lat pr.
do M prf.Mich. Contnl..Mobile A Ohio.Mo. Kans. & T.Mor.AKnez..Kuh.Ch.AStLNew Cent.OoalN.V.C.4 11. U.M.Y.L.IS.4W.
do pref.Northern PM.
do pref.Ohio AMlHU.Paclllc Mall..PanAmuPhil. A KoiidVSt.L.A.JcT.Il.
do prefBt.I.. I. M.& So8t.I>. & S.Kran
do pref.do Ist prf.
St.P.ASloux C.do pref.
Butro Tunnel.Union Pactflc.Wab.St. L.& P.
do pref.West. Un. Tel.
Mondar.Jan. IlL
««7»v
TaMOar. Wednead. Thumd'y. frl<laT
Jan. IS. Jan.l4. Jan. 15. Jan. 16.
rtiese are tUe prices bid aud asked: no sale was made at the Hoard
.
Total sales of leading stocks for the week endin? Thursday,and the range in prices for the year 1379 and from Jan. 1, 1830,to date, were as follows:
Sales ofWeek..Sliarc.?.
Canada Soutliern(Vntral of N.Jt'liioago A AltouChic. Burl. & QiiincyChic. Mil. & St. P. . .
.
do do pref.Chicago & Northw. .
.
do do pref.Chlo.RocklBl.APac.Col. Chlf. & Ind.CH5UtDel. & Hudson Caiia!Del. I^aili. & WoiitcniHannibal & St. Jo...
do do prof.niinoU CentralKansas I'im'IHpI.ake Erie & WesternI.<ako ShoreLoni«vHlc & Nashv..ManhattanMichipiu CentralMissonri Kaii. & Tc.\.Morris & KssexNashv. Chatt. & St.L.N. Y. Coiit.&lIiid.R..N. Y. Lake E.& West,
do pref.Northern Paclflc
do pre/.Ohio& Mississippi . .
.
PacitlcMaUPanamaPhila. ARcadini;....St. I,. I. Mt. & SouthSt. L. & S. Francisco,
do prefdo Ist pref
Union PacificWab. St. L. i Paclflc
do prefWestern Union Tel.
26,47548,0(>44,1201,933
73,40r>3.835
50,3002,300564
28,16510,220
160.00621,05017,22514,2648,889
33,23396,59517,77612,18024,775
141,1954,780
60,34011,000
303,78411,36019,5158,521
35,075117,160
5519,70035,2203,7607,9602,481
49,64735,03072,655
126,397
Range since Jan. 1, 1880.
Lowest.
«6>a Jan.79*1 Jan.991a Jan.136 Jan.75 "4 Jan.
1005b Jan.89% Jan.10558 Jan.149 Jan.20'2 Jan.74 Jan.63 Jan.33^ Jan.64 Jan.99I2 Jan.87 Jan.20I2 .Ian.
98>8 Jan.86>8 Jan.49% Jan.8812 Jan.32 Jan.I0l?i Jan.791.J Jan.
12913 Jan.4 1^8 Jan.68 Jan.32 Jan.56>sJan. 1028''s Jan. 53ais Jan. 5168 Jan. 268% Jan. 1249ie Jan. 240 Jan. 54914 Jan. 2681a Jan. 284 la .Tan. 6421a Jan. 265 Jan. 299% Jan. 6
Highest.
741.3 Jan. 1483^8 Jan. 14
lOO's Jan. 10MSiaJan. 378% Jan. 12
10314 Jan. 14921a Jan. 12107% Jan. 8153i8Jan. 1023i3Jan. 12781* Jan. 1088 Jan. 1038 Jan. 16OyiflJan. 16104 Jan. 14100 Jan. 1632 Jan. 12101 To Jan. 1497i2Jan. 1656 Jan. 391i4Jau. 144238 Jan. 16105 Jan. 995% Jan.135 Jan.451.3 Jan.72 Jan.36 Jan.60 Jan.3178 Jan.43i3Jan. Its
175 Jan. 137238 Jan. S55 Jan. 144478 Jan. 856 Jan. 875 Jan. 894=8 Jan. 1644% Jan. 12691a Jan. 1210458 Jan. 13
Range yearl>i79.
t'ow. High
45 1433I2
7511118343874%49 5h
76%119
5384313 143479 14918
•1667333573%53875%351.2
1122II9
371a116114147%
1038123
' 13318
88=84189%
5710
781a89%100 14134 la82l«
1023494121081501a2880i«
94411-3
701610034921-2
28 la
lOS89%72149335%
104 13
8313949781840 la
65333839I2182
56"5360 la
781a95
116' Range from Sept. 25. t Range from July 30.The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the gross earn-ings of all railroads from which returns can be obtained Thecolumns under the heading "Jan. 1 to latest date" furnish thegross earnings from Jan. 1 to, and including, the period men-tioned in the second column.
;—Latest earnings reported.—.
,
.1 /^. o .,uWeek or Mo. 1879. 1878.
Ala. Gt. Southern. November. $49,600AU'.bisiin & Neb. .3rt wk I>ec. 14,430Atl.iChar. Aii-I_Novdulicr. 84,871Atl. & ()t. West. . .November. 403,380Atlantic Miss.AO.Novi-mbcr 179 970Burl.&.Mo.R.in N. November. 187224Cairo <k .st. Louis. ..3d wk Deo. 8 157Carolina Central Noviinbcr. 52.761 ii K,oaCentral raciflc...l)eccmhnr.l,311,000 1 432'O'SChes. id Ohio.. ..December. 179.161 137 769S!°/n"?,'- * 9-v.-?.o™iii<'er-1.327,679 1,296,081Oijc.CI. Dub.* M.Deccmber. 46,015 34 191rhic.&Ni rthw. ..December. 1,312,300 l.OSo'sssChic. &W.Mioh..3dwk Deo. 11362 10 217acv.Mt.V.4D..3dwkDe«. 7,595 6,784
$37,001'8,64474,673
342,4.33175,892223,705
5,29442,055
Jan. 1 to latest rt.ite.—
,
1879. 1878.
521,540 432,664
1,546,285 1,575,2161,980,926 1,777,382264,482 227,332
17,127,149 17,607.4511,936,537 1,908,23313,341,547 13,042,978
16,684,778 14,999,746632,025 525,729388,601 370,174
.—Latest earnings reported.—. —Jan. 1 to latest date - -.
Week or Mo. 1870. 1878. 1879. 1878.Dakota Southern. NovemlMsr. $12,020 $23,686 $ $Denv.S.P'k&Pac. November. 139,077 766,682Det. Ijins. A No 3a wk Dec. 19,248 16,105 1,091,902 963,188'Flint A Pere Mar. November. 113,898 97,724Frank.AKokomo. November. 3,002 3,716 37,490 34,647Gal. liar. A 8. An. October... 140.627 140.662Houst. A Tc.t.C... November. 429,803 408,133 2,823,452 2,540.517[lUnoisCen.(Ill.)..Deeembcr. 478.778 405,2:i4 5.513,269 5,560..576-
do (Iowa). .December. 128,877 118,327 1,403,434 1.538,558IndianaBl.AW..4thwkDec 31.172 22,391K.C. Pt.8.AGiilf.4thwkDec 29,062 12,740 892,338 831.681KanB.C.Ijiw.ASo.4thwkDec 13,320 6,712 492.273 433,015K.C. St. J. A C.B. December. 141.487 117,503Kansas Paciflc...4thwkDec 131,752 76.376 4,873,729 3,739,260-Little Rk. A F. 8 Becember. 63,531 38,613I^uisv. A Nashv. December. 666,328 505.843 5,985,370 5,355,100Minn.A St. Ixiuis. December. 52,383 29.867 471.344 405,235Mobil«AM<mtg.. November. 73.321 81,373 620,327 590,612Nashv.Ch.A St. L.November. 174,245 156,994 1,615,224 1,482.130'N.Y.L.ErieAW. November. 1,515,835 1,381,391 15,110,876 13,928,479'Northern Pacific. December. 108,818 62.470Pad.AEIl3abetht.3(l wkDcc. 9,257 6,119 327,253 313,623^Pad. AMemphis-.lstwkDec 5,227 4,830 150.868 172,988:Ponnsvlvanla .. .November.3,131,997 2,996,101 31,166,354 29,031,439Phil.i. A Erie Novemlier. 273,168 317,168 2,787,752 2,695.753Phila.ARea<ling.Nevember.l,531,204 1,683,022 13,908,597 11,932,1148t.L.A8.E.-8t.L..3d wk Dec. 18,439 17,570 719,420 646,107SciotoValloy December. 30,379 20,132 317,822 280,348Sonthcm Minn. ..November. 71,548 52,036 583,278 587,341Union Paoiflo.... November. 1,241,989 1,084,324Wab. St.L. A Pac.3d wk Dec. 196.500 160.800Wisconsin VaUey.3dwk Dec. 4.832 2,368
.—I.Kat«st earnings reported.—. ^^an.l to latest date—
.
Week or Mo. 1880. 1879. 1830. 1879.Atch.Top. A S.F..l«twk Jan $?3,000 $32,038 $85,000 $52,05SBur. C. Rap. AN.. Ist wk.Ian Ul,849 22,535 31.849 22,535ChlcagoA Alton. Ist wk Jan 98,700 61.700 98,700 61.700Clilo. AEast. IlL.lst wk Jan 14,077 13,790 |14,077 13,790Chic Mil. A 8t. P.lst wk Jan 161,000 108.025 161,000 108,025Chic.et. P.A Min.lstwk Jan 17,705 13,813 17,705 13,843Dubuone&S.City.lBt wk Jan 14,471 11.807 14,471 11,807GrandTrunk.Wk.end.J:in. 3 160,021 137,707Gr't Western. Wk.cnd. Jan. 2 93,466 70,149Hannibal A St.Jo- Ist wkj.au 36,377 30,831 36,377 30,831Int. AGt. North. .Ist wk Jan 28,651 24,294 28,651 24,284Mo.Kan8.ATox..l6t wk Jan 66,433 37,846 66,433 37,846Mobile A Ohio.... Ist wkJ.an 52,116 31,656 52,11(> 31,65»St.L.A.AT.H 1st wk Jan 15,878 12.427 15,878 12,427
do (brsl.lstwkJan 10,117 S.3B6 10.117 8,366Bt.L.IronMt. AS.lstwk Jan 127,800 70.233 127,800 70,233St. L.ASanFran.let wk Jan 33,486 17.031 33,486 17,031St,P.^uI AS.City. IstwkJau 21,473 16,343 21,47.J 16,343Tol.PeoriaAWar.lbtwkJan 24,637 19,063 24,087 19,665
Exchange.—The market for foreign exchange is compara-tively steady to-dsy, but if prices of exportable produce should
go off to rates which would induce shipments, we should ex-
pect a renewal of gold imports. On actual business the rates
are about 4.83J for GO days bills, and 4.84i for demand. Cable
transfers are 4.84}.
In domestic bills the following were rates of exchange on XewYork at the undermentioned cities to-day : Savannah—buying ^off, selling i prem. ; Charleston, very scarce, buying | premium,3-10 dis. ; New Orleans, commercial, $L dis., bauk par; St.
Louis, $1.10 prem ; Chicago, firm, 75c. prem.; and Boston, 5 to
8c. premium.Quotations for foreign exchange are as follows :
January 16.
Prime bankers' sterling bills on London.Good bankers' and prime commercial . .
.
Good commercialDocumentary commercialParis (francs)Autweiy (francs)Swiss (fi'aucs)
Amsterd.'vm (guilders)Hamburg (reiclimarks)Brankfort (reiclimarks)Fremen (reiohmarks)Berlin (reichraarks)
60 days.
4.82 a4.82ia4.811a 3i4.824.81 a4.81i24.80ia»4.815.21%a5.205,22i3a5.20-%5.21i4a5.19%3934® 409458»945ga94=8394 58^
94%94%94%94%
Demand.
4.8413344.84 ®4,4.83 ®4.4.82i2®4.5.20 a>5.
.5.20 ©S.5.20 ®5.40 ®9538®95383933aa9538®
84 138312831712171-2
171a40^495139513195I2
951a
The following are quotations in gold for various coins:
Sovereigns $4 S3 ®$4 86Napoleons 3 84 ® 3 86X X Reichmarks. 4 70 a> 4 78X Guilders. < 3 92 ® 4 008pan'hDoubloons.l5 80 ®I0 00Mex. DoublO(ms..l5 55 ®15 65Fine silver bars . . 1 13^9 1 14Finegoldbars par.®i4prom.
Dimes A la dimes. — 9934a —par.Silver 14s and 133.-99343 —par.Fivefrancs — 92 3—95Mexican dollars.. — 89 ® — 90iaEnglish silver 4 70 ® 4 78Prus. silv. thalers. — 66 3-09Tr.-vde dollars — 99 a — 99 la
New silver dollars — 99%3 paiv
Boston Banka,
banks for a series
—The following
of weeks past:
are the totals of the Boston
Specie. L. Tendcra Deposits.* Circulation. AKK,CIear.18*79. t » t * t t
Nov. 3. 132.058,100 3.2!5,000 4,480,500 49,152,400 28,557,300 65.241,373•• 10.. 18S.4»1.1(X) 3,245,400 4,370,200 51,108,100 20,041,000 89,360.177" 17.. 182,4-27,100 3,,SOO,80O 3,892.800 51 .724,400 29.311,100 71,786,588" 34.. 131.9.'32.200 3,»t7.200 S.iMO.-OO 60,709,100 29,554,300 70,365,582
Dec. 1.. 131.4*4,000 .<!„')-2,800 3.594.900 ,'.0.085,200 29.8fir),;l00 56,107.5588 . i:u .6 40,000 3,082,000 3.474.900 50,802.500 30,289.000 69.674,935
•* 15.. l.!0.ftSl,™o 4.329,000 3,014,800 50,137,300 3I>,007,100 05,753,821- •• 22.. 130,«5«,100 4,2<V).400 3,865,300 49,812,700 30.8B7„')00 62, 129,120" 29.. 132,221,900 4,120.400 3,850.300 40,048,100 31,098,300 51,019.806
Jan. 5.
.
133,827,200 3,941,400 4.693,400 SO.STP.'JOO 31,181,800 6C.267,58»'• 12.. 134,991,300 3,8i2,8J0 5,418,930 50,880,800 31,280,300 71.?05.75a
• other than Government and banks, less Clearlns-House checta,
Fhlladelpbla Bimlts.—The totals of the Philadelphia banksare as follows
:
1870.Not. S,..,
•• 10...," 17..." »«...,
Dec. 1...
" 15..." 22...• 29...1880.
Jan. 5. .
.
" 12...
Loans. Lawful Money. Deposits.t * *
86.3.37,415 15,185.160 54,187,218B6,e8»,2r.8 14,851 .a59 53,581,85385,977,180 14,616,421 52,696.0-J865,304,671 14,491,491 52 342,70264,581,278 14.9.58,0,53 52.653.50364,650,163 15,049,003 52,Ii;t,471
64,386,503 14,977,274 52,197,35864,';24.368 14,754,053 51,582„397»4,TnS,73I 14,447,092 61,203,835
64,331,71064,698,423
15,863,25915,802,394
52,606,25052,898,593
Circulation.$
11,885.09911.875,66011,871,87811,890.48011,932,03511.992,52311.985.60012,01 i,7as12,021,288
12.0.59.S4I12,072,780
Agg. Clear.
51,527,26054,961.99855,02-,30(»46,780,67643,148,04t04,54S.18450,885,47750,800,8.3742.399,082
45,951,61450,218.107
Januaky 17, 1880.] THE CHRONICLE. 61
New York CUy Bann».—The foilowrlng malemeni shows theondition of the Associ ited Bauka of New York City for tlie weekending at thn commencement of buFine^a on Jan. 10, 1880:
I New YorkManhattan Cu...AlorchuntsMechanics'UnionAmericaPhoenixCityTradesmen'sKultonChemicalMerchants' Kxch.Gallatin Niition'jButchers'A lirov.Mechanics' & TrGreenwich*teathcrMiin'f'rsBo»enth Ward...State of N. Yorlt.American Exch..CommerceBroadwayMercantilePacificKopubiicChathamPeopie'sNorth America..HanoverIrving?Metropolitan ....CItliens'NassauMarket8t. NicholasShoe 4 Leather..Corn Bxchange.
.
ContinentalOrientalMarineImporters' & Tr..lPark 1
Moch. Bkg. Aaa'o!North RiverEast IllverManutrsA Mer..Fourth National.-Central NatSecond Nat ion '1.
Ninth National..First National..Third National ..
N. V. Nat. Bich..Bowery NationalN. York County..Germ'n Americ'nChase National..
Total
CapiUl.
Average amount of
Loans anddiscounts.
ii.OOO.OOO300,000750.000500,000
1,000.0003O0.IJ00a.'w.ooo80<J,IX)0
750.000300,000
t
B,i)o,aoo8.SH7.0000,303.0004,517.1008,330.400a.iiua.ooo7,0U?,9003,i;t0,900I,IM4,U.ia
la,3'.J4.000
3,075,8004,038.H001,'20».000bflO.OOO870,300
2.KS1I,»00
B77..'!i)0
2.971.OiMj13.4IW,tino14,317,201'5.175,«003,588,0002.M4.3O05.385,5003.;W0,200l.as«.4002,1,SO,700
0,391,2002,807,000
13,718,0001.870.2002.253.1002.521,2001,948,1003.785.0003,597.8004.435.9001.483,5003.008.00017,438,70014.128,700
771,5007B3,«00944.300167..')00
14.001.7009,00«,000|2.372,(;004.739.400
10.041.0006,929,7001,'226,000
1,:J87,400'
1.061,4002.292.0002,658,4>/0
Specie.Not dept's
otherthan U. S.
(0.283.0004.54'i,0005,772,6005.1^4,0003.871,h;>05.582.601)2.783,0007,182.000
l,I8!.200l
3,033.5002.492.o0o1.098.400
2.025..iof,9'2,.j,(f|
2,100.5,';
3.9,3,«,„|
,?-fSf-7oO2,124,H()o2.953,700
1.414.,'i(K)
^•«2-H00
S'Ti'i-'''«'2,4l)7,«o^
10,B50,oiK1,853,8002,081,9002,041,200
1.521,7(H,4,092.3002,201.800l.a04.1o(,1,422.100S.194,(,ot,
19. 130,70010.340.-100
6«4,0o0732.400732.700250.700
14,152.1007,665.0002.503.0004,555,700'11.436.0006,814,000846,200
1.09S.0OO1,248.5002.'232,4002,570,400
CIroula.tion.
60.475,2001276,116.100 51,473.500 14,097,800'216,095,600 23.812.900
(495,000
400B07„'50o44,,'i'N»
l;i;!,5oo
1,11*)5K1,000
7U4,8ij6
074.100608.4002a7,60JI97,oj02,700
473.WJ0.37,100
630,0(HJ4,''^),000
1,1«0,H,M)
900.0JO180,000
1,12,),I100
400,OIX)5.40(.i
sno.oiKi4;i8.i(jo
2,228,01X1270,000
3.900417.600450,00045»,U0(J
4.600702,9iX)
.3.'V(i,4iV)
1,097,1110536,700307,100
2a5,0'j0
Sio.'noo1,493,000269,(WW597,200450,(K)(t
«<H1,00(J
270,000224,000I80.l.;00
'No report : same us last week.The deviations from returns of previous week are aa follows •
aSJPil'""' *""""""' ''«'=• »591.100I
Net deposits Inc. t4,008,500Specie..,. Inc. S,19i.400 I Circulation Inc. 64 300»'e«al tenders Inc. 1.374,3001"»,ooo
The following are the totals for a aeries of weeks past:
1879^0|n». Specie. I,. Tenders. Deposits. Circulation. Aw.Clear
K*^ ??•••252'ff"''5''<'
18.802.400 43.284.900 227..'M5,B00 19,8,58,600 1529 990 1):!8May 31... 257,273,800 18,785,400 41,791.400 223,7->l 000 19 800 400 4397"' 0"
Juno 7... 258,.332,700 18,996,700 42,.S32,H00 2a«,98:l.:!mi 19il77800 472'.'S2«'( ,"sJuneU,,. 2,56,201,000 18,780.900 44,fl31,U(X) 227,316,700 20,0.50 800 450'oril'oilJune 21... 25.5,i)01,fiOO 19,206,900 43.8.59,400 228,177,000 20 1.56 200 4.50 961 90125.3,5, 5,,500 19,886,400 46,902,600 226,113,800 20,.371.:l(K) 4:12 7:15 0902o7,OS2,SOO 19.889,600 49,544,800 2:)8,007,300 20,542 900 4:12 Oao'ins
j„i ,n S'iH'2?J.''S219,971,,5O0 5I,3(>1.!X)0 241,328,800 2n,509,90<l :W1;k:)5'7,81|Jay 19,.. 282,7I9,.800 20,011,700 50,00.s,IKX) 240,l51,:iOO 20,5:11*10 481 Olll Vi;-,7
July 28... 260.582,600 19.927,800 54,&H8,I00 243..3S3(I00 20 549 .5(X) 491794 717»•" > 207,280,100 19,0.52.400 57,035,100 254,770,700 20,594 81X1 49t'7l52o!272,9:16,000 19,621.100 50,4:M,500 253,230,200 20,882 l(X) 580 0:!H'r>8'!274,:!1 1,000 19.55:i200 43,974,000 248,474,600 20.719..5(KI c,03'oi-''(iS226:),070,100 19,1131,100 41,8:18,6(X) 235.9^3,SX)0 20,H27„500 482 8,-«'')«9258,180,300 10,ftS4,700 41,279.300 238,817,100 '20,942,500 476'.5(S:l',s(il257,386,800 19,7,5:i,800 40,0.88,900 228,6:!5,8<x) 21,:ira,:i00 4.5->':H5'««-,286.960,400 19.878,900 .39,481,100 225.573.9(XJ 21 t)03500 .507'i09'31m259,;«I,000 19,942,fXXI 42,0'39,400 228,27I,0(K) 21,:181.9(X) 53o'lKil':OT!260,763,700 20,017.400 40,047.71X) 229,983,000 21,531.900 591 859'56026B,304,;M)0 20.149.100 38,093.,500 2;tl ,920,700 21.!«2 400 747 278 .vr268,701,800 22.588.:J00 36.438.500 2:!2 780 son (WOKninn i.irj!u',,„
June 28.July 5.July 12.
July 19,
Aue,Auir. 9..
Aug. 18..
Aug. 23..Aug. 30..
Sept. 6.,
Sept. 13..
beat. 20..
Sept. 27..Oct. 4Oct. 11... 268,701,800 22.588,:J00 36,438.500 2:i2.7S0,500 22.0s0,100 741 448'44(lOct. 18.,, 267,503,500 k!8,3s:i,600 33,097,700 233,805,:m5 22,'286 WX) 798'960T46Oct. 25... 289.433,300 27.682,600 30.151,700 231,«lW.00O 22 448 700 761 '277'7->sNov. 1... 271,2.38,600 29,075,:i00 28,«15,900 231,412,000 22,600,500 86,5'8IV'N57"— - 270.078,800 33.8-J3,800 23,486.91X) 231,937,700 22 311500 772'l.5o'l!l
268,038,800 42,992,800 22,.5I)5,8n0 2:!9,'301.200 22 475 700 870'o.2'or.«27«,191,400 50,008.700 18,985,200 250,297.:!IX) 22,550 400 942 9'22 70,8
Nov. 8,
Nov. 15..
Nov. '22..
Nov. 29... 273.419,900 53,';i0,700 16,771,700 •247,19,-),',500 2:)!o24;s66 779'055'847Dec. 6^... miOl.lOO 54,771,000 14,673,200 247,0:_in.l00 23;2.5.5,100 ((Ofli^loiSlA
nee'.Dec,
1880.Jan. 3.... 276,706,200 48,282,100,12,723.500 242,087,;00 2.3,748,600 604 197943Jan. 10... 278,116,100 31,47:3,.500 14,097,i>00 246,905,800 2:),S12,900 6.57,'693'280^OTl;—With Dec. 2, the Grocers' Bank dl.sapiiearod from the list.
CD aoMoi.Hio O4,iii,otro i4,o^;*,'.ilw •.;4i,(>:j0.l00 33,2.5.5,100 850 816 848:. 13... 275,750.1M 51,069,400 13,iO:t,SK)0 217,509,'300 3:1463 800 722'«0335uB, 20... 278.098.100 50,Sl'>,9nO 12,.5l:l,100 210,118,«(X) 2:),a51 900 868 118318c. 27... 277„5S4,200 48,638,200 12,089,700 342,062,300 2;i,732 900 588'014'073
^DOTATIONS IN BIISTIIN. PHILAUELPniA AND OTIIKR CITIES,
eXOUBITlKB.
BOSTON.Atch. A Tcpcka Ist m.7B
do laud grant 7e
do 'id 7bdo land inc. Bs..
Jioston & Maine 780(Mtou A Albany 76
do 6«Jloston ft L*well 7s
do 6bBoston ft Providence 7»Burl, ft Mo., land grant 78
do l>ebr.C)S[Exdo Nebr. 6s
Conn, ft PsssumpBlc. If, 1897.Kutern.Mase.. 4,^8, new. ...FUciibnrg UK., 6s
do 7srort Scot' ft Gulf 78Hartford ft Krle 78nan. citjr Top. ft >v ., 7s, Ist
do do 7s. Inc.K. tlty Lawrence ft Eo. *i..,Kan. city. St. Jo. ft U.B.. 8. .
It»3. < liySt. Jo.&e. B. In.Hew York ft New Eng. is . .
,
OadeuBUnrgft l.«ke vli.M
Bid. Ask.
112«
ioi
107«102
82K109
81M110
115113127108120Hi:22>4
58J<114
'83)<;
no85UOhi
BBOUBITIKB.
Old Colony, 7aOM Colony, 88Umaiia ft S. Western, 8s .
Pueblo ft Ark. Valley, ib.liutland 63,Ist mortVermont & Canada, new I
Vermont ft Mass. i:l{., 68 .
BTOCKa,Atchison ft TopekaAt.hi-o I ft NebraskaBoston ft Albany.Boston ft Lowel'Boston ft MaineBoston ft ProvidenceBurlington ft Mo. In Neb...Cheshire preferredChic. Clinton Uub. ft MIn....Clu. Sandusky ft CievCoucordConuectlcut RiverConn, ft PaBsumpslcEastern (MasB.)Eastern (New Bampsblre) . .
.
FItchburg ...Fort Scott ft Gulf, preferred
do common.K. C. l.aw. A Southerng. est. Jo. ft Council HintH
lOOjU91
:S4;5uim88119
139H
SOW
IT"
12370.3,8ji
75V<
11095
134>j
ii'i"
^9119M129141
66«
27«
39'*
707B
Bixrit.^. PWH.iUKOf ,11 1. Ktc. -<!ontlnu«d.
SBOUBITIEB.
140
88
1U«>1110
loaji
ll»)4
95)i
;o8H
13>i4»«
1014H52>45130H
6m50"^
84%
Maoehester ft Lawrence....Nashaaft LowellWeW York ft New Kngland,.
.
NorUiorn of New HauipsUtrt-Norwlch ft WorceaterOffdensb.ft L. Cbamplain ...
do pref..
Oil ColonyPortland Ssco ft PortsmouthPull'i a PJlaceCurPueoloft *rk naasUutUt'd. preferredVermont ft MassachuaettB..Worceater ft Nashua
PHILADELPHIA.BTATS AND CITY BONDS.
Penna. 91, g'd, ;nt., rcg. or cpdo 58, cur,,regdo 5s, new , reg. , I89i-190'i
do 68,10-15, reg., l''77'i«.
do 6s, lS-25, reg., I88i-'1«.
do 68, In. Plane, reg. ,18:9
Philadelphia, 58 reg. ..
do Ss. old. regdo 6s,n.. rg.,pri.>rto'9.'''
do 68,n.,rg.,1395& overAllegheny County 5i, coup..
.
Allegheny City 7a, regPittsburg 48, coup., 1913
do 58, reg. 4 cp., 191i.
do 6s, gold. regdo 7B,w*t'rln,rg. Ac:>,
(to 7a, itr.linp.,reg.,'^-S6.
N. Jersey 6s, reg. and coup. .
.
do exempt, rg. ft coup.Camden County 68. coup—Camden City 6s, coupon.,...
do 78, reg. ft coupDelaware 88, couponHarrlsburg City 68, coupon
.
RAILROAD BTOCKS.tCamden ft Atlantic
do do prefCatawisaa
do prefdo new pref
Delaware ft Bound Brook....East Ponnsyi vauiaKlWiraft WliUaluaport.
do do pref..
Uar. P. Mt. Joy ft Lancaster.Huntingdon ft Broad Top...
do do pref.
Leh'gh ValleyLittle SchuylkillJiinehlilNeequehonlng ValleyNorristownNorth PeouByivanlaPeonsylvaniaPhlladelplila ft EriePniladelpblaft HeadingPhiladelphia ft TrentonPhlla.Wlluiing. ft Baltimore.Pittsburg Titusv. ft Buff
Dt. Paul ft DuluthR.U. Comdo do pref.
United N.J. CompaniesWest Chester consoi. prefWestJersey
CANAL BTOCKS.Chesapeake ft DelawareDelawnre DivisionLehigh NavlgallenMornsdo pref
PesnsylvanlaSchuylkill Navigation
do pref...Susquehanna .
RAILROAD BONDS.Allegheny Vai., 7 3-lOs, 1395
Jo 78.E.ext., 1910
do inc. 7s, end., '91
Belvldere Uela. Ist m., 63,1502.rto 2d m. 6a. '8.1..
do Sd m. 68, 'i7..
Camden ftAmboy 6s,coup,'83do 68, coup., '89
do mort. 68, '89
Cam. ft Atl.lat m 7«.g..i-93Cam. ft Burlington C >. 6b.'9i.
Catawisaa Ist, is, conv.,'d2...do chat, m., lUs, *88 ..
do new 7s 19<«
Connecting 68, 1900-1901
Chartlers Vai., Ist ni.7s,C.,l90:
Delaware mort., 6b, various..Del. 4 Bound Br., lat,7s. 190a
East Peon. Ist luort. 7s, '88 ..
El.A W'maport, ist m.,7B,'80,do Ss.perp
Harrlaburglst mor'.63, 'Si...
H. ft B. T. I8t m. 7b, gold, '90.
do 2d m. 78, gold, '95.!
do 3d in. cons. 78, '95».
Ithacaft Athens Ist »d, i8.,*SU
Junction Ut mort. 6% '82
do 'M mort. 68,19J0 ...
Lehigh Valley, lai.Ss, cp.. 1898
do doreg.,189i...do 21 m. 7s, reg., 1910..
do con. m., 6a,rg.,19^do do 6s,< p. ,19.
3
Little Schuylkill, Ist m. 7s '<2
North. Penn. 1st m. 6s, cp.,'85.
do 2d m. 78,cp., '96.
do gen. m. 78, cp., 1903.
do gen.m.7s, reg., 190!)113
Oil Creek let m. 7s, coup.,'3i. »6)irittsb. Titusv. ft B., 78, cp.,'96 ...
.
do scrip —Pa.ftN.T.C.ft RR.7s,189ii. .......Pennsyiv., 1st m., 6s, cp., "80.. 102
do gen.m.68.cp.,19;0. 118Xdo gen. m, 6s, rg., 1910.1112)4
do cons.m.6',rg., 1905 |1UH
BBODBirna,
HiH
70lU
IIOSb89
Phil.* I(. coaB.mAjiJ4911.do cunv. 7a, IflS*do 7a, coup, off, *93
Phll.ftil.Coalftlron daO. Ityido deb. 7s. r.pa.ofido mort., 'a, 18n4~...
Phlla. Wllin.ftBall. es.'St ..
PitU.Cln.ftSt. L. 78,coa..l«00do do 7f , reg., 1( *
Shamokin V.ft Potuv, Ta, 1901atecbenv. ft Ind. 1st, as, iWt.Stony Creek Ist m. is iHn..
.
8unb. Ubz. ft W.,lal m..Sa,'2*Banbary A BrIe I at m. 7a, '97.
-yra.Gen.A « orn'. ,lfct,,fc,i<(4
Texas ft i'ac. lat iii ,6a, g.. 1905do cona m..3r,g..l90500 lucftLgr ,78 19,0
Union ft Tliuav. lat m. 7s, *9C.United N.J. cons. m. 6s, 'MWarrenft K. lBtm.7s,'MWest Chester cons. 7b, *9i. ...
WeBt Jersey 6a, deb., coup..*8odo laLm.Ba. nn 'QB
Bid.
112lt
i»
dodo
Istm.ta, CP.', 'M.1st ni.7a, *w
Western Penn. KK. it.m.:do Cs P. B.,'M,CANAL BONDS.
Chesap. ft Dcla Ist 6«, rg.,'8C
Delaware Division 6s, cp.,'i8,
Lehigh Navlga.in,,68, rei;.,'84
do mort. ilK., rg ,'9^
do m. cot. v. g., r»g.,*9i
do mort. goid,'9ido cons, ln.78, rg,,i9r
Morris, boat loan, reg., i8S5.
Pennsylvania 6B,co'.t['-, -910.
SchuylK. Nav.lst in.6s.rg,,*97
do 2d m, 6a, reg., VUTt
do 68, boarftcar,rg.,19:8do 78, boatftcar.ig.,I9,K
Susquehanna 68, coup,, :9.8 .*
BALTinORB.35)ii' I Maryland 68, d*rfeneo, J. ft J..
do 68, exempt, lb87:..,
49 do 6f, 1890, quarterly..48 do 5s. quarterly
.
UK3358lot
3HH37H
11410138108108103
111
:i8Ji
115«
105
52Xol),56541036260J4193S,»i
s«6J155
117H
Baltimore 68, .581, quart,,- 8S6, J,4J.,do
dododo00dododo
112
118
124
107I16M112>»]
lOS^i
ll'8Mi
izis
111uo«
do cons, ul. 6s, cp., 1905.
do Navy Yard 68, rg,'il
Penn, Co ,63, regPerklomen i8tm.8s,coup.,'9,Phlla.ft Erie 1st m.6s,cp.,'81
do 2d m. 78, cp.,'88,
Phlla. ft Read. Ist m. 68, '43.-4<
do do '48-.4S>.
do 2d in. ,7s, cp., 93
do deben., cp.,'98*do do cps. on.do scrip, ISii
do In. m. 7s, cp,1896do cons. m. 7b, cp.,l91!..
do eons. m. 7s, rg.,l9:i..
• In default, t Per share.I Con, to Jaa.. *77, funded.
illX
103X102M93>s
103S»,
103
115X'54
11«)«114 H4«
6s,
68, 189,1, quarterly6a, park, 1^90, tt.—M,6b, 1893, M, as6a,exempt,*^.M,ftS6s, 1900, o -J6a, laOi, J. ft JSi*, 19.6, new
Norfolk water, 8bBAILBOAD BTOCKB. Par.
Balt.ftOhio 100CO istprtfdo 2d prt:fdo Wash. Branch. lUOdo Parkersb'gBr..SU
Northern Central.. SOWestern Maryland SOCentral Ohio SOPittsburg ft ConneilBVllle..50
BAILKOAD BONOS.Bait, ft Ohio 68, 1880, J.AJ....
do 68. 1885, A.40. .
N. W. Va. 3d m.,guar.,'85,jftjPltt8b,ft ConnellBV,'>a,'98„< 4,1
Northern Central 68, *85, j&Jdo 68, 1900, A.40do 6b, gid,190U, .i.ftj.
Cen. Ohio 6s, Ist m.,'90,.M.ft 8.
W. Md.68, lat m.,gr.,'90,J.ftJdo lat m., ,890, J. ft J...do 2d m., guar,, J. ft J—do 3dm., prefdo 2dm.,gr. by W.Co.JftJdo 6s, 3d in., guar., J.ft J
Mar. ft CIn. 7s, '92, F. ft A ...
do 2d,M.ftNdo 8»,3d,J.&J
Union BR. 1st, guar., J. ft J.,do Cauion endorsed,
CINCINNATI.Cincinnati 6a, icng -1
do 7s 1do T«Ob tdo South. RR. 7-3Us.tdo do 6s, gold t
Hamilton Co., O., 68. long., .t00 78, 1 to5yr8..tdo 7 ft 7-308, long.t
Cln.A Cov. Bridge at'k, pref.Cln.Uam. A D. Ist m. 7s, 'iW t
103)^
09116
10i<
10»
106lU
107108lue100106107IWX1:2112115114114IhVH117
153111105150
S33y383
1001081041111071081U5X108110too11090104110lOU7h5<
44J»
107
«>w
lU
104
100
IM
llM101«
"si
noinno105io«io»113litlis120118118no130
:5S114107
fo«40
103109106114no110107low115.0511595
>noIts11079«45
do
1051071151IB>«108102103110120IlO
2dm. 7a, 'ostiiosCln. Uam. A Ind., 7e, guarCln. A Indiana let in. t8 i
do 2d m.78, '»7. +Colum. A Xenla, I8t m. 7b, *90
Dayton A Mich, lat m. 7a. '81-i-
do 'idm.7s,'84,-l-
do 3d m, 7a. 'SS-i
Daytonft West. 18tui„'8i...tdo l8tm., I905.tdo 1st m. 6b, 190)
iQd. Cln. ft Laf. Ist m. 78.
do (l.ftC.) latm.7a,'8S-tLittle Miami 6s, '83 tCln. Ham. ft Dayton stock. .
Columbus ft Xenla stockDayton ft Michigan stock...
do 8. P.O. st'k.guarLittle Miami stock
LOUISVILLE.Louisville 78 t
dodododododo
!to'87 t6s,'97to'9ii twater 68,'87 to '89.1
water stock 6s,*y7.iwharf 68 t
pec'l tal6sof 89.-(
Loulavllle Water 6s. C«. 190! t
JeS.M.ftl.lstm. (IftM; 7'.'8:tdo 2d m.,78 1
do 1st m..78, 1906...
t
LoQisv. C.ft Lex. ist m.78,*97tLouls.ft Fr*k.,Loulsv.lQ.6B.*diLoulBV. ft Naahvlllo—Leb. Br. 68, '86 tlat m. Leb. Br. Bx.,7s,'80^.tLou. in. do 6s, '93...f
Jefferson Mad. A Ind. stock.
ST. LOVIS.St. Louis 66, long
do water 6b, golddo do do newdo bridge appr.,g. 6a,
t
do renewal, gold, 68.
t
ao aewer, g. 68, '9;-2-3.t
St. Louis Co. new park, g.-ts.t
do cnr. 7s . ,..~..Tt And Interest.
85105
104101^102100)4
104103)4102)4lOSJM102)4'.C2)«
102)4108100102112)4112
103
!I7107
loox
'90
101to
50
I07X103lOSws103103103106X101
U2)i113
112X
103103103lOS
107H
62 THE (CHRONICLE. [Vol. XXX.
QUOTATIONS OF STOCKS AND BONDS IN NEW YOEK.
U. 8. Bond$ and active Railroad Stoekt are quoted on a previous page. Price* represent the per cent value, whatever t?ie par may be.
STATE BONDS.
ncuKiTiKa.
jUatata*—nu* A, 2 1<> 5 . .
.
giaw A,2toS, small
ciua c' » to bV.V.'l !
'...'.'.
ATk»nms—e». rundedIt. U RookA Kt. Scott Im.It, Memp. * L. Kook KR
.
^ U R P. B. * N. U. KR.7«. MIM. O. * R. I- RR .
Ilh ArkuiauC«nir*l RR.Connectlcatr-^Ueondii—Ss7b, new7b, endonied.TB.«old ^.
UlloolB—<«.coupon, 18711...
War loan
Bid. ABk
15888?**
lOS101110109111100
8ICT7RITIES.
Kentucky—fls -
Li.uiKluiia—7s, consolidated78, Kmull
MlchlitHn-<i«, 18837s. 18W) ;••
Mi»sourl-<ta, due 18!« or '83
«9,duelH«86», due 18876«, duo 1888eis,due 1880 or "OO ;^Asylum or Univ., duo v2KundlrlB, 1804-115......^.Hiuinlbal & St. Jo., 1888.
do do 1887New York-68, gold^ reK.,'87
6fl, g<tld, coup. *""
8s, loan, 1883.
gold.je
es. do 1891.
Bid. Ask.
an....
103110 ...'
191 ....1
104« 105«'105«105:05W 108 :
ao7 100107lOlWintH109!061U5IIB 1 ....|J
SBCtTRITIKS.
New York-«s. loan, 18l>2 . .
.
6s. loan. 1893 .,.
North Curollna—6s, old.JM6»,old, A.AONo. Car. HR., J.&J
do A.AOdo coup, off, J. A J.do coup, off, A.AO.
Funding act, 1806do 1868
New bonds, J.AJdo A.AO
Chatham RHSpecial tax, class 1
do class 2do class 3
Ohto-6«,18816s.l(««
Bid. Ask.
11811628261101109000
16
*6!
6it
109
27«27«
!^:
Becukities.
Rhode Island—68,coop.'9»-0South Oirdlina
—
6s, Act .Mar. 23, 1860.
)
Non-fundabic J
'
Tennessee—Os, old68, new6s, new series
VIrglna—6s, old65. new, 1H«66s, now, ise76s, cnns(»t. bonds6s, ex matured coupon.6s, consol., 2d series68, deferred .
.
D. of Columbla-S-658, 1984.SmallRegistered
8«
31«31
SO
36
mi
RAILROAD AND iniSCEI.I.ANE01JS STOCKS AND BONDS.
Kailroad Stocbo.(>4cbr« prerioti^lu quoted.)
Mbany A HusquehBiina . . ;.
Boston A N. V. Air L., prcf.
Burl. Cedar Kjipids A No...Cedar Falls A Minnesota...Chicaao A Alton, prefChic St. lAjuls A N. OClev. A Pittsburg, guar....Dubuque A Sioux CityTYankfort A KokomoHarlem •Ind. Bloom. A Western.. .
.
K«okuk A Oes Moines.'' '
'
.
do do preflx>nff IslandMetropolitan ElevatedN.Y. ElevatedN. y. New Haven A Hartf
,
Oblo A Mississippi prefPttU. Ft. W. A LTiic, guar,
do do spec'iReniselaer A SaratogaRome Watcrtown A Ogd...8toningt.on ...
Terre Haute A IndianapolisToledo Peoria A Warsaw.United .N. J. Kit. A Canal
.
Miscellaiieons Sl'ksAdams ExpressAmerican ExpressUnited States ExpressWells, Kargo ACoAmerican CoalBoeton Land CompanyBoston Water PowerOanton Co., BaltimoreCaribou Consul. MiningCentral Arizona Mining
—
Climax MiningConsolidation Coal of Md..Cumberland Coal A Iron....Kxcelsior MiningGold A Stock Telegraph—Homc!4take MiningLaPlatta MiningliCadville MiningLittle Pittsburg Mining . .
.
Mariposa L'd A Mining Co..do do pref.
Maryland CoatOntario Silver MiningPennsylvania CoalPullman Palace Car. .
.
Quicksilverdo pref.
liasji»5U '
5814
IIS
,125»S»« .
160
139
lis" 119125 126^155 147iei
\19H 116109 112
112
Spring Mountain Coal.tandaro Cons. Gold Mining81
Koilroad Bauds.stock Exchange Price*.
Balt.AO.-l8t68,Prk.b.l910Boat. U. A Erie—1st mIst mort., guar
Bnr. Ced.K.A North.-lst.SsMinn.A St. L., 1st, 7s, guar
Cbesap.A O.—Pur. m'y fund6s, gold, series B, int. def.6b, currency. Int. deferred
Chicago A Alton-1st mort.IncomeSinking fundJoliet A Chicago, 1st mIiouls'a A Mo., Ist ra., guar
do 2d 7s, 1900St. Ii. Jack. A Chic, 1st m.Mlss.Ulv.Brldge.lst.s.f.es
Chic. Bur. ,t Q.—<< p.c, 1st mConsol. mort... 7*Bs, sinking fund
Chic. Kk. I.i P.-68, cp.,19I76b, 1917, registeredKeok.A lies M., 1st, g., Ss.
Central of N. J.—Ist m., '90.
Ist consolidated.. do assented.Convertible
do assentedAdjastmcnt, 1903Lebigh A W. B., con., g'd
do assent'dJuo. Dock A Impr. bonds
^^
.
do assented<kl«.MII.A 8t.P.—lst,8s,P.DM mort., 7 8-10. P. D....lit m., 7b, $ gold, R. D.
.
l«t m.. La C. DIvlBtm.,I. A MIst m., I. ADl«tm.,U. AD»»tm.,C. AMCon. sinking fond3d mortgageIstra., Ts.l. A D. Ext...B.-wesl dlv.. 1st 6s, 1909Ist 5s, IjiC. A l)av., 1910.
Cnic. A N<irthw.-Slnk. f 'd..Int. bondsConsol. bondsExtension bonds1st mortgageCouixin guld bondsRegistered gold bonds.Sinking fundIowa .Midland, 1st m., 88.
.
Galena A Chicago, exten.Peninsula, Ist m., cony..
1076848lOlH
585
13>i
iss'55
4M
29«
S"38«210110«
166'
107H
SflM
107MtiO
49lOlH
42115^' ir103X106
ids'
S8«
273U«
112>^2t«
00114
67"42M
.11001114112
tl09lOgHliOH
US»114H94117T*
loiji
10610611093107107127113«
111**
111109109112)4109
107«100
,f^tl06121
104X111llSJi115><106H
105«
lOl
106«l«6!i
94KJ08
112»i111K112
107H
106121X
112116118
Chic. A Mil., IstWinona A St. P., Ist m. ..
do 2dm....C. C. C. A Ind's—Ist, 78, s. f.
Consol. mortgage ••
C. St.L.A N. O.- Ten. lien 7s
Ist ct)n. 78Del. iJiCk. A West.-2d m.
.
78, convertibleMortgsge 78, 1907..........
Syr.Biigh.iN.Y., l8t,7s
Morris A Essex, 1 st mdo 2d mort...do bonds. 1900
do construct'ndo 78 of 1871.
do 1st con., g'd..
Del.AHud.Canal—lstm.,'84Ist mortgage, 1801
do extended
.
do Coup.,7s,'94do Reg. 7s, "94.
iBt Pa. dlv., coup., 7s, 1917do reg., '?8, 1917 .
Albany A Susqueh., 1st m.do 2d mort..do 3d mort.
.
do Ist con., guarBens.A Saratoga, lst,coup
do l«t, reg.
Deny.A R. Grande—lst,l»00Erie—1st mort., extended.
.
2d mortg., exfn 6b, 1919.
.
8d mortgage. 78, 18884th roorlgagc, 7s, 1880 ....
Sth mortgage, 7b. 1888 ....
1st cons, pild 7b, 1020Long Dock bondsBuff. N.Y.A E, 1st m., 1016N,Y.Ii.E.AW.,n.2d,con.,68
do 1st, con., f , CP..78do 2d,con.,f.cp.,5s,6s
Han. A St. Jos.—8s, conv . .
.
Bous.ATex. C—1st. m. I.,7b
1st mort.. West. Dlv., 75..
1st mort., Waco A N., 78.2dC., Main lino, 88..
2d Waco AN., 88....Inc. and ind'y. 7s
—
lll.Ccnt.—Dub.ASioux CistDub. A SiouxC 2d dlv...Cedar F. A Minn., Ist m..
Ind. Bl'm. AW.—Ist, pref. 781st mort., 78, 19002d mort., 1909
Lake Shore-Mich S. A N. Ind., s. f., 7sCleve. A Tol., sink. fund,
do new bonds.Cleve. P'ville A Ash., 7s.
Buffalo & Erie, new bds..Buffalo A State Line, 7s.
Kal'ioo A W. Pigeon, 1stDet.Mon.A T., Ist, 7s.h906Lake Shore Dlv. bonds...
do eons, coup., Ist
do cons, reg., Ist..
do cons, coup., 2d.do cons. reg.. 2d .
.
Loulsv.A Nash.—Cons.m. ,7s
2d mort., 7s, goldCecillan Branch, 7sNashv. & Deaitur, 1st. 7s.
L. Erie A West.—1st Bs, 1919Ijif . Bl .& Mun.-lst 68. 1919Marietta A Cin.—1st mort.
.
Ist mort.. sterlingMetropolit'n Elev—Ist.lBOSMich. Cent.—Cgns., 78, 1902
Ist mort., 8s, 1882, 8. f.
Equipment bondses. 1000 „
Mo.K.A T.-Conl.as8..1904-«2d mortgage, inc., 1911.--H. A Cent. Mo.. Ist., ]«90
Mobile A Ohio—New m.. 6sNash. Chat. A St. L.-l«t 78N. Y. Central-6s, 188«6s, 18876s, real es^te6s, subficriptlonN, Y. C. A Hud., 1st m., op.
do Ist m., reg.HudB. R., 7s, 2d m., s.f.,'&Canada South., Ist, int. g.Harlem, Ist m., 7s, coup.
.
do 1st m., 78. regN. Y. Elevated— Ist, 7s, IS06Ohio A Hiss.—Consol. a. f'dConsolidated2d consolidatedl8t m.. Springfield 4iv ....
Pacific Uailroads-Central Paciflc—Gold bds.San Joaquin BranchCal. A Oregon, IstState Aid bondsLand grant bondsWestern Paciflc bonds..
Boufh. Pac. of Cal.—1st m.Union Paciflc—Ist mon..Land grants, 78Sinking fundRegistered, 8s
Paciflc Rtt. of Mo.—iBt m.2d mortgageIncome, TsiBt m., Carondelet Br...
Booth I'ac.cf Mo —1st ni.
ni9|107«
117i107105
*103«' ....
104M van103118k113«125113H101103lltiiWi109J<'10»J«104Ji 105104k''.06^ ....106*109 !110««109
.111«tlllX ..
112 <114107 I ..
ilOO109
I .,
113 1 ...
»....ll06
121M
107«
120<04107103HI116J«114
I..
116)i'll7»W)Mi ..
tll4>, 115)iiH2 I
1085«!'.0fl
106^' 107103 105
wsa
105H
716S)i
109107109
10311571«
108lllH110119
116118Ji120«120115:J4H114104,
1031069692M108
i6i«118)4109
looi..
98UHI
106
108X104^106iV»«1«3125«
u'o'
120M116119
vm
llOJi98J«
n'6'100HO106
125111
117VUSH. 116102
\(mHSH 9088104 i« 1§^1U388 0076 77
125 Via120 123119H 121!ll8 1:910786 87*50
808S)«51
»0« 90Mi125)4 128l'»)ij ..
110 T ..;
ioe)iiio$68 69
109H109)<102)i101101
104H105
lOSJilOO1139<118^
108
Kansas Pac.Ist m., 6s, '95, with cp.ctfsIstm., 6s, '06, doIst m..7s.Lcav.br. do1st m.75,H.AL.G.D'd, do1st m.,78, land gr't,'80.do2d mort., '86 doInc. coup. No. 11 on W\Q.Inc. coup. No. 16 on 1916.Den. Div. 68 ass. cp.ctf..
Texas A Pac— Ist, 6s, 1906.Consol. 6s. 1905 ;.
Income and land gr't. reg.Pennsylvania RR~PItts.Ft.W.A Chic, 1st m.
do do 2d m..do do .3d m..
Cleve.A Pitts., consol., s.f.
do 4th mort...Col. Chic. A I. Cist con..
do 2d con...do ist Tr't Co.ctfs.a8s,do do suppl.do 2d do ass.
Phil.A Bead.—Cons. coup.SaRegistered 6s, 1911Coupon 7s, lollRegistered 7s, 1911,Improvem't, coup., 6s, '9©
General, coup., 6s, 1906...do do 78. 1908. .
.
Inc. mort., coup., 7s, 1896.Deb. mort., coup., 8s, 1893Deb. mort., conv., 7s, 1893
Rome Wat. A Og.—Con. 1st. 63St. L.A Iron Mount'n—Istm Hi2d mortgageArkansas Br., Ist mort ... 101)^Cairo A Fulton, 1st mort. 104Cairo Ark. A T., Ist mort. 99?i
St. L. Alton A T. H.-lst m. 1092d mortgage, pref 102j
do income 92!
Belleville A 80. III., l8tm. 110St. P.A Sioux C.-lst 68.1019 ,08?^
St. P. M. A Manit'a—l8t, 78. 106«2d mort., 68, 1909 84
Tol. Peo. A W.—1st m., E.D.1st mortgage. W. D.Burlington l>iv2d mortgage. 1886...Consol., 78, 1910 -.
Pur. Com. reo'pts, lst,E.D ;120do Ist.W.D. 1237;do Bur. Div.
Ist pref. Inc. for 2d mort.Ist inc, for consol
Wabash KK.-Mtg. 7s of '79.
T.AWab., Ist ext.7s IllIstSt. L. dlv.78,elmat.cp. 105J<2d mortgage ext., ex coup 100)4Equipment bonds, 7s, 1883 35Consol. conv., 7aGt. Western, Ist m., ex cp 110
do 2dm..7s,'03,excp 100
8. A Tol., 1st. 7s, '90,ex cp. 101I.A80. la., 1st m.78,excp 101
St.L. K.C.AN.R.B.AR.,7s 107^Omaha Div.. Ist mort., 78 107i<
St.Chas.B'dge.lst, 78, 1908 103J4North Missouri. Ist m., 7s 114
West. Un. Tel.-lOOO, coup, ills1900, registered 115
Spring.V'yW.Works-lBt 6sOregon K. A Nav.-lst, 68 . . 90
INCOME BONPS.Central of N. J.-1908Chic.St.L.AN.O.—2d m. 1907 70Col.ChicAInd.C.,inc.78,1890 41HInd'sBl.AW'n—lnc.,1919.. 55Lch. A Wilkes B.Coal-1888ijikeErieA W'n-lnc.7B.'8e 62XLaf. Bl.A Mun.—Inc 7,ia»9MobileA O.—1st prcf. debea2d pref. debenturesSd do4th do
N.Y.LakeB.&W.Inc. Os. 1977St.L.I.M.AS.-lst78,prf.int. 86J<2d int., tie, accum'i^tive . . 70
Miscellaneous List.tjirokers' Quotations.)
RAILHOADS.Atch.AP.P'k-6s,gld, excp.Bost. A N. Y. Air-lr-lst m
651I5X
vm
52^107
»1075i109108)4
istm.^^.
Cent, of la.—1st m., 78, gold2dStock
Chic.ACan.So.Chic A K. Ill.-S.F.c'yIncome bonds
Chic. St.P.A .Mpolis—lst,6sLandgrant Income, 8s
Chic.A Southwest.—7s. guarCin. Lafayette A Ch.—1st mCin.A Spr.-l St, C.C.C.AI .,7b
lstm.,g'dL.S.AM. S.,7sDenver Pac—lst,78,ld. gr.jjEk-ie A Pittsburg~l8t m., 7bCon. mortgage, 7s78, equipment
Evansv. A Crawfordsv.—7s.
Flint A Pern M.—8s, I'd gr'tConsolidated 8fl
StockOalv. Hous.A H.—78, gld,'71Gr'nd R.AInd.—lBt,7s.l.g.gu
1st. 7s. Id. gr.. not guhr
94«12106 )i
101)4
110)4100)4
107)4104lis
87)475
SS63?*68X68OH40?i41
28^7387)472
051061074813629476
10190)410790102
84"
100
85"
1039860U80
108)4
1051101106015
11093
1069510910895
105621765110)4102 I
1 1st, ex land grant. 78Hons.A Gt.N.—I8t,78,g.l000ilndianapolls A St.L.—1st, 78Indlanap.A Vine—l8t,7s, grInternational (T«x.)—1st, 78Int.H. A Ot. No.—f^onv., Ss.
Kansas A Nebraska— 1st m.2d mort
Long Island—1st mortgage.N.Y.AGrcenw. L.—Ist,7s, n.
do 2dN. J. Midland—iBt, 7s, gold.2d mort
New Jersey 80.—1st, 7s, newN. Y. A Obw. Midl'd—Ist m.
do 2d m.Reccertif's assented
St. Joseph A Paciflc—1st m,2d mortgage
St. Jo. A Western stockSt.L.A San F.—2d m.,classA2d mortgage, class B
do class C.St.L.A S.E.-Cons., 7s, g.,'9»
St.L.VandaliaA T.H.—Istm2d mortgage, guar
South Side (L. 1.)—l8t mortSouth Minn.—Ist m., 78, '88.
l8t mortgage, 78 (pink)..
.
ExtensionTol. Can. S.A Det.—Ist, 7s,
g
Union A Logansport—78
—
U. Pac,—South Branch —Sonthcrn Securities.
(.Broken' Quotations.)
STATES.N. Carolina.—New 48So.Carollna—Con., 68 (good)Rejected (best sort)
Texas-Os, 1892 M.A S.
7s, gold, 1892-1910 . .J.A J.
7a, gold, 1904 J.A J.
10s, pension, 1804... J.A JVirginia-New 10-408
CITIES.Atlanta, Ga.—7b8sWaterworks
Auga«ta, Ga.—7s, bonds. .
.
Charleston, S. C.-Stock,6s.7s,F.L
Columbus, Ga.—78, bonds.Macon—Bonds, 7sMemphis—Bonds, CBonds, A and BEndorsed M.AC. RR....Compromise
Mobile—5s, coupons on—8s. coupons on6s, funded
Montgomery—New 58NewSs
Nashville—6s, old6s, new
New Orleans—Prem., 58...Consolidated, 6bRailroad, 68
Norfolk-SsPetersburg—68Ss
Richmond—6sSavannnab—Cons., new, 5e.
RAILROADS.Ala.AChat.—Rec'rs ctfs.varAtlantic A Gulf—Consol....Consol.. end. by Savan'h..
Cent. Georgia-Cons, m., 7sStock
Charl'te Col.A A.—Cons., 782d mortgage, 7s
East Tenn. A Georgia—6s..E Tenn.A Va.—6s,end.TennE. Tenn. Va. A Ga.—Ist, 78.
StookGeorgia RR.—7s6sStock
Greenville A Col.—7b, Ist m.7s, guar
Macon A Aug.—2d, endors.MemphisA Cha'ston-lst,792d, 78
Miasissippi Cent —Ist m., 7b2d mort., 8s
Miss. A Tenn.—1st m., Ss, AIst mortgage, Ss, B
N. O. A Jacks.—Ist m., 8g.
Certificate, 2d mort., 8sNorfolk A Petersb.-1st, 8b.
1st mortgage, 7b2d mortgage, Ss
Northeast., 8. C.-lst m., Ss2d mortgage, 8s
Rich.A Dan.—1st consol., 6bSouthw. Ga.—Conv., 78, '86.
Stock8. Carolina BR.—1st m
.
7s, 1902, non-enjoined—West Ala.—Ist mort., Ss...2d mort., 8s, guar
729580104953579631056121)4
207536)498688604087686680
107+9094)41061<X)
99
97'
96
809790106
80671106S2373218S37«
95
90TO
90"109X939W<
i6b"*
to"101101
6680
+ 163'
+mH12+0936
90
ids"11211310138
PAST-DUE coupons.Tennesssee State couponsSonth Carolina consolVirginia coupons
do ennwol. conpor.s.
105 107108 ITS97 KM105 lim66 meo76 8876 8U20202(1W 4HIS22 3028 304(1
3085 on86 HS28 2»31 3427 30
105"...
U)4 lOHW« no74 bU
50 100104 107f*\
11185 9099 10286 UH95 10095 KKIKKi lOH55 60110 112KW90 ...
90
95 103100 .01
91 98102 IOB107 111115 11793 KKI110 iia107 110108106109 113115102100 104107 11U90103 10766 DOno lUno 11«
10 26402076 8
rloe» oominal.+ And accrued interest. « No price to-day j theie are latest qaoUtlons made this week. I No qnotation to-day! latest Bale thl» we«li.
Jasuaet 17, 1380.1 THE CHRONICLE. 63
NEW YORK LOCAL SECURITIES.
Bank Stock I<lst.
CoxrAHiK*. Capital.
are not Sil'^ " *»<»"'«
America*Am. ExchangeSoweryBroadwayiiotchera'ft Dr.CentralChaceChathamChemicalCltltena'CityCommerceCoBtlaental...Corn ExchVe*.XaatKlTer....lllh Ward'....FifthFifth Ayenue*.FirstFourthFultoneallatln.... .
German Aii.*German Exch.*Germania*.Greenwich'....Grocers'Hanover ..
Imp.ft Tradera'IrvingIsland City"...Leather Manuf.Manhattan*Manuf. AMer.*MarineMarketMechanics*Mech. Assoc'n.MechMcs & Tr.MercantileMerchants*. ..
Merchants* Ex.Metropolis*. .
Metropullian..Murray iiul* .,
Nassau*NewYoriN. r. Couuiv..N. Y. N. ixcli.NinthNo. America*..North Klver*.Oriental*PaclBc*... .
Parle ;:;People's*Phenlx...ft'oduce*. ...KepabllcSt. Nicholas...Seventh ward.SecondShoe & LeatherUth
State of N. r"ThirdTTade8men*s.'.*Dnton '
West side*.. ..'.
too1001002S23100100iw100251001001001002525loo100100KXI3(1
50Ttoo10025.SO
10010050SO10050201001002560251005060100100100100100100100100703025601002520SO10010010010010010010010040so100
3,000,0005.000.000250,000
1,000,000300.000
2,0(]0.0
300,0450,(i00300,000BOO.IKXI
1,000,000.'^.000,000
1,000,0001,000,000250,000100,000150,000100,000500,000
3,i;00,(KKI
«K),0001 ,000,000560,000200,000200,000200,000225,000
1,000,0001,600,000500,000100,000600,000
2,050,000100,000400,000600,000
2,000,000500,000200,000
1 ,000,0002,000,0001,00(1.000800,000
3,000,000100,000
1,000,0002,000.(KX)200,000300,000760,000700,000210.000300,000422,700
2,000,00041?,5O0
1,000,000125,0t;0
i,5oo,oo;i
600,000300,000300,000600,000200,000K00,000
1,00(1,0001,000,0001,200,000200,000
Sorplosat latestdates. (
.,41!?, 1001,288,'''X)1M<),300
1J!15.1')0l^.•i^•X)
SHOtiOj60,aoo140.4. )U
3,201,000l.')8,4il0
I.441.3UU
i icjo.oooH«,3U0830,100im,ioo14,000SU.OOO
201,0l,;i)7,70o1.006,200375,»<00710,0(J(
5710060,10; i
67,-,;ao
1.1,2011
2;!,«00212 11
1,130,30013S.010
4,4004*^1400
:,027,7.X)10,600
118,0002X1,400WW.70089.5008,100
151,1101»!'3,300151,10050 700
77.1^045 400
717.5008.5,80070,90091,800
123,60070,«00173,000211,500332.600129,0001M,600SS.BOO
617 BOO123,00055,40088 300
204,0(1040.700
250.30010,^.600287 700B6j,2()0
117,800
DlTIDBITDB.
Period 1S77. 1878. Last Paid
I. A .1
I.* J
I.* J
I.'* JHl-ni*ly
I . & J
.
M.*NI.& J.I. A J.F.AA.I. A J.I.*.I
', * J.
iP,j".'I. AJ.M.4N.;V.*0.ir.A A.May.
\i'.4N'I. A J.I. A J.I . A J
.
.I.A.I.J. A J..1 . A J .
F.AA.J. A J.J. A J.,1 . A J
.
J. A J.M.AN.M.AN.MAN.•1.4 J.J. A J.I. A J.J . A J
.
M.AN.I.A J.I. A.I.
F.AA.J. A J.J. A J.J. A J..I.A J.Q-F.I. A J.I.A J.J. A J.
F.AA.F.AA.J. 4 J..1.4 J.J. A J.J. A JM.A N.J.A.I.J. A J.M.AN.I. A.I.
8B«1216H8
'o100OH106
id»H
id
12fiH107
7371486X
128
6
8ae
i't
126108
A1006108
id8H
6
id125788
OH 6»«H »
»(1 107 H7 73 39 7*4H 108 8
Ian.,Nov.Ian.,Jan,,Ian.,Jan.,Sept.Jan.,Jai.,-a „Nov,,laa.,Ian.,
AUi.Ian.,InlyJaa„
,r'an.,
Jan.,Nov,Oct.,
MayN.,yMaylaii„;an.,Jan.,Jan,,,lan.,
Jan.,Aug.luiy,J n.,laa.,July,Nov,July,May,Jan.,Jan.,Jan,,J.n.,jDly,Nov.Jan.,July,FebJan.,July,Jan.,Ian.,
Nov,an.,
J..n,,Jan ,
July,An^.Jan.,July,Jan.,Ian.,July.Nov,Ian.,Jan.,Nov,uly.
•80. SH•70. 8•80. 5•80. 8*gO. 3'80. 3K*7». »•811. 3•80.25*80. 3
,*;9. 5VO. 4*H0. 3St*79. 6•80. an'76. 3*80. 3
'80' b'•80 3K•79. 3379. 4•79. 2X•79. 6*70. 379. 3•77. 3•80. 3^'NO. 7'80. 4'78. 3•80. 4'79. S«•79. 2»4•80. 3>4•80. 4•79. 4•79. 2•79. 2«•79. 8^*rO 3«*80. 3"•V). 8«•K). 6•79. 8'79. 2X•80. 4"•79. 4•80. 3W
*77. 3•80. aw80. 4*79. 2K*80. 8*B0. an•70. 3*74. 3ii•79. 3>,'80. a'78. 3•80. S'80. 4•79. 3•79. 3\t'80. S«80. 8H'79. 4•79. 6
PalOB.
Bid. Ask.
nil,
135
80115«
13560808012180
85H
115
90
8S
lisd
95
Of ,^« "Kures In this column are of date Dec. 12, 18I», for the National banks, and01 date Dec 13 tor the state hanks.
Gaaand City Railroad Stocks and Bonda..
[Gas (^notations by George H. Prentiss, Broker, 24 Broad Street . 1
Oas Coufasiii.
Brooklyn Gas Light CoCitizens' Gas Co (Bklvn)„ do bondaHarlemJersey City 4 Hoboken. ...!..!'ManhattanMetropolitan ]
do cerilflcateaMatual.N. Y
do bondsNassau, Brooklyn„ „do scrip
,
Sew YorkPeople's (Brooklyn)
on do bondsdo do certificates,
Central of New YorkWilliamsburg
do scripMetropolitan, BrooklynMunicipal
do bonis
Par.
2620
1,000502060100
V.r.100
1,00025
^a .
10010
1.000Var.5060
Var.100100
Amount. Period.• a
Date.*
5 Nov. '79
2K July, '79
7 18US3 Feb., '78
I**July, *r<
6 Jui.e, *79
6 Aug., *79
aK Aug .*7«
IM JUJy, *79
18S23 July, -79
»M Nov, 714 May, *79
»H Jan., *76
7 1997aw July, *79
3 An<., *79
2 July, '79
Mi July, *79
2S May, '79
38
.Jui.e, '<9
1888
Bid. Ask.
Inanranc* Stock Llat.
[Qootatlona by K. 8. Bailbt, Broker,? Pine strMt,]
11500!0040130140
:2i65105491401,M)
110 I1159J4010 J
60857530907560«690£S138105
100CO101609586SS96856)7510080ISO110
[Quotations hy H. L. Qbant. Broker. 148 Broadway.)
£ teeter St.it PuUonJ'erri/—ttt.1st mortgage
Br.'adwat/ £ Seventh Ave—stk.!l)t mortgage
Brjokli/H Oit:/—stocktst mortgage
B''oadu>aj/ fflro»tli/n)—stock..Hfooklyn A Hunter^e /Y—stock.
1st mortgage bondsjBMkwtct Av. [B'kti/TDsxock..Cntral Pk.. y.Jt E. iarer—stk.Copjolldnted 'nortespebon' a
ChrUtooher db Tenth 5«.—StockBcudQ
Dry Dock, E. B. ±Battery—titi1st mortgage, cona*d
Btykih 4cenu<—stockIsl mortgage
aaai. .t grand St terry-^iociUt mortgage
Central rrom 'Joien- stork. .,.1st morfg^MTp
Bouetm, We»t »t.itFatJ'y—tOLIstmcrfgige
£<cona ./Is.nu«—stock8d miit:ageTons. ConvertljlcExtension
Si XUi Avenue stockisimortg ige „
Third Aveme—tUxM.1. 1 m,,rLgage
Twenty 'hiraHireel—%Ui(itt.,. ,
1st mortgage
1001,000100
1,00010
1,000100100
1,000100100
1,000100
1,(00100
S004C100
1,000100
1,000100
1,000100600100
1,0001,000SOOAc
1001,000100
1,000100
1,000
900,000694,000
2,100,0001,600,0002,000,000300,000200,000400,000800,000600,000
1,800,0001,200,000850.0(0•.!S0,000
1,'<!00.000
900,0001,000,000203,000748,000236,000600,000200,000250,000600,000
1,199,500150j000
1,090,000200^000760,000418;000
2,000,000^,000,000800,000250.000
J. A J. HJ.4J. 7Q-J. 2J.4D. 7Q-F.M.AN. fQ-J. 8A.AO. HJ.*.:. 7J. A J. 2^J. «J 3J. AD. 7I.A J.A.AO.Q-K. 2
J. An 7Q-J. 3tJ.AJ. 7M.AN. 7A.AO. 7
mIan. 7
J. *. .1. 7J.AJ. mA.SU. 1M.AN. 1A.A II. 7M.AN. 5J.AJ. 7Q-F. 6'.* J. 7J A J. 4M.* N. 7
*Jan., fOJ*ly,190oJan., •'O
Ju y, *8»
Nov., 79Nov,, *80
,Tan., *80
Jan , *gO1888
Jan., *(*0
Jan.. 'SO
Dec. 1902
Nov. *79
June, *93
Jan ,*80
Ian., *ei
Nov, '79
Apr., '93
SoT.iddJ
iniy; "94
Jan., '80
Apr ,*f>5
May, *88
Sept..*83
July,Nov., '79,
July, '90*ng. *79
May. '93
4ht.*77luly, *90
159672«
103>41401021^<7J<9510085591044086lOS1081501001701102*J),-
99109542«1009090105lo.*;
135102100103
to10515011015010010295ai«1054595115113
iid18011525101201004rt
;o2«9595
115150103«1'I3
105^ ThiR rnhimn Khow.. Iat>t dlvlden.l onutnr.iM. hat like date ul uialuruy ul 6ond«.t Also cztia dlT. or 7 per tt^t, making 10 per cent.
COHTAKlBa.
AdrUtto..jBtna. ...
AmericanAmerican ExcbAmityAtlanticBoweryBroaiwayBrooklynCttlsens*cityClintonColumbiaCommercial ..
Continental...KagleEmpire City...bxciiangeFarragutFlremen^s .....
Klremen*8 FundFlremen*» Tr ..
KrankllnAEmpGerman-AnierGermaniaGlobeGreenwichGuardianHamiltonHanoverHofflnanHomeHopeHowardImporters*A T..IrvingJeffersonKings Co.(Bkn)KnickerbockerLarayette(Bkn)Lamar.. .;
LenoxLonglsl.(Bkn.)LorlllardMannr.A BuUd.ManhattanMecb.ATrad*rB'Mech*lcs*(Bkn)Mercantile.. .
Merchants*.MonUuk (Bkn)Nassau (Bklyn)MatlonalN.Y. EqnltaWeNew York FireN. v. A BostonNew York CityNiagaraNorth PJver....PacWcParkPeter Cooper...People*sPhenlx (Bklyn)Produce Excb.KellefKepubllcUldgewoodRutgers*SafeguardSt.Nlcholas....StandardStarSterlingStnyvesantTradesmen's....United States..Westchester...WUllamab'gC.
Par. Amount
28too60100100602.1
2ri
IV20701003050100401003050171010
100100605025100155060100265050100SO204050100255026100100255060506050371^8510010010050252510020505010060100100251002650100!002525251050
900,000200,000400,000200,000200,000200,000.300,000200,000153,000300,000210,000200,000300,000200,000
1,000,000300,000200,000200,010200,000204,000160.000160.000200,000
1,000,0001.000.000200,000200.000200,000160,000600,000200,000
3,000,000160.000600,000200,000200,000200,010150,000280,000150,000200,000150,000200,000800,000200,000250,000200,000150,000200,000200,000200,000200,000200,000210,000200,000200,000300,000600,000350,000200,000200 000150,000150,000
1 000,000200,000200,000300,000— ,000
NetSurplusJuly 1.
18W.'
4,877-10,944t460,49i
88,8211
898,757298,201197,892483,f81163.191146,144-1,422100,780
1,010,755531.87080.008105,240135.88268,253
73,673147,0831
DiTtDmos.
1876. 1877. 18T8. Last PtllL
1028161081020202020ISO
201025114580142018181012
82*.;,S4
703,I0«I24,y;)()
339,62928,078
1*^7,891
639,66956,883
1,179,694509
94,*^eo86,0707,463
+288,838188,010
8,420143,11393,14135,537
260,704'20:81,194 10S03,802 11119,904114240,935 30
200.0C0200,000200,000500,000200,000200,000300,000260,000300,000260,000
179,80,(38,280153,20998,541165,852104.695304,366133,85521,12022,054
454,28'.111,976400,203102,046198,687104,0664117,251
2010202025162020
id'10123020
46,94924,638
193,078
2S,3*.»180.272148,07484,310
148,401106,623210,062101,665403,362
20»H
1010132815«1011-5615102025161020
101818104102020202017«186
25128020141816121012
id30204010201010101018121310201020101020101220302010201820142017
id"12112020201820
1?«101320161012-36
17>t1016201810«0
8
iS«10^*n102020iiO
2010-7212N*nc1818402010101510N*ne11
16"221030
1S«1010101010101020518101016101210202010181220102014N*neN*ne11103012201215N*ne1051020189
6-23
12M1014101210
Jn'y.July.Jan..Ja-..Jan.,July.Dec.Aug.Jan..Jar..A:.gJan..July,Ian.,Jan.,Oct.,.'an..Aug..lau.,Jan.,luly,.Tan .
,
Jar.,Jan.Jan.,Jan..Jan.,Ian..Jan.,Jan.,Inly,Jnly,.Ian.,
Jan.,Jan.,Jnly,Sept.Ian.,Ja...Tan.,Jan.,Jan.Ian,,Jan.,July,.Ian.,lan.,Jan..Jan.,Jan.,Jan.,Jan.,July,Ja-!.Aa<.,
Jan.,Jan.,Oct.,'an.,Jan.,Jan.,Jan.,Jan.,Jau.,Jan..Jan.,Ju y,July,an.,Aug..Ian.,Jan.,Au<.Jan.,Jan.,Jan.,Aug.Jan.,
PtIOS.
Bltf. Aak.
•78. 8•*». 8X•80. B8". 8T^ 4•78! 8
,'79.10*7w. 8*C0.10•80.10"79. 8
' '80. 5*77. 8*80. 8•80.6-85, --•19. 6 |178'."O. 3W 98•79. 5fO. 7«•80. 3>,'77. 8*80. 8•80. 8•^0. 5•%. 7•80. 6*--0. 7S,*80. 3H*80. lit«0. 5
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'TO. 8'80. 6*79. 4*«0.10*8C. 6*l-0.10
*80. 6•80. 5•77. ay*80. 8*80. SJ<*-9. 5•79.10'80 8•T-J 8'80.6-23'80. 5'79. 3X*80 5*80. 6*80. 5•79, 5'80.10
lOU1209348108
139130110250(U1201.18
^8128859810060133167661179888120701391U9ISO16078
.1120115
ibd18011880
1231002(0108leo108115100
88100160105ro
12010170V.2100123
203
9U0
180188lao100107
ISO
is>
WiM91
loeTO
12s108
80
ids
168109
1207068
128lO*;
80118106128110
•Over all liabilities. Including re-Insarance, capital and scrip. tlnilnslTCOscrip. Figures with a minus sign (—) Indicate extent of Impairment.
CItr Secarltles.
LQnotatlona by Daitiu. A. MoBAir, Broker, V7 Pine Street.]
Mw rork:Water stock 184J-S3.
Croton waterstock..1845-51.do do ..lSS-i-60.
Croton Aqoed'ctstock.1865.do pipes and mains...lo repervoir bonds—
.
Central Paik bonds.. 1858-57.
do no ..185».«5.
Dock bonds 1870.
do 1^75.
Market stock 186V«.lmpr3vement8tock— 1869
do 00 ....1819.Consolidated bonds var
.
Street Imp . stock var.do do var.
New ConsolidatedWestchester ConntyConsolidate!Aases ment
iHrKaaa-r.
5676767
7
5
Months Payable.
Feb., May Ang,A Nov.do dodo dodo do
May A November.Feb. .May, Aug.A Nov,
do dodo do
May A November,
May A Novo-nher,do dodo dodo dodo dodo do
January A Jnly.do doQuarterly.
May A Novem'>f r.
Bondsdu**.
100104104106110109108108120107117107102113102H102113118106102
101106107118VM113108:09122lOS118108116118106IPS118110106108
[Quotations by N. T. Bbsss, Jr., Broker, 1 New it.1
iirooJ:l^n—Local im tr'em'tCity bonds
doPark bondsWater loan bondaBridgebondsWater loan.City bondsKings Co. bondi
do doPark bondsBridge ,'AllBrooklyn bonda flat.
Jaiuary A July,do lodo iodo dodo dodo dodo* do
U*T A NoTasntxr.40 do
January * Jnly.do do
1870-1880 1011681-1808 1 OS1B18-1924 1211900-1924 1191904-1912i8w-i9ae180-18061SO-I8HB1880-1888
1924
119108tlHM106104111
1807-1810 110
103111123122ie2111m111noIi4ua
[Qnotatlons by C. Zabbibkii, 47 Montgomery St., Jen«y Clty.1
Jeraey Ctty—Waterloan ,long ^^...
4o 18*71.Improvement bonda . .~. ..
Bwwn bonda 18«g-«».
January A Jnly.January A Juiy.
J. A J. and J AD.January and Jn(*
18881880-190218WMMmBo
64 THE CHRONICLE. [Vol. XXX.
%nvitstmtnts
KTATE, OII'T AND COEPORATION FINANCES.
The I.NVB.-<n)Ks' Supplement is published on the last Saturday
of each month, and furnished to all regular subscribere of the
SiBosicLB. No single copies of the Supplement are sold at the
offlce, as only » sufficient number is printed i» supply regular
aab8crib«T8.
ANNXTAI. REPORTS.
Philadelphia & Reading Railroad.
(For tM year ending Not'.mber 3D, 1679.)
The annual report just submitted supplies the following
information
:
COMPABATirB RESULTS OF TEAB'S BUSINESS.
1877-8. 1878-9.
Travnl* $1,.')1!«!.123 $1,994.1.59
llBn-handlset a.690.76« 3.827,496Oo«l* 7,20«.9.'>2 7,186,222
m3i.. 41,66,5 44,944
Jfiaceiianeous 73,787 53,53
1
Oross roocipts $1 1 ,.5.39.593 $13,106,352OrOM expensea 7,319.366 8,987,341
Inc. or Dc-clof.. $467,736Inc.. 1,136,730Dec. 20,730Inc.. 3,279Dec. 20,'.!56
luc:. $1,566,759Inc.. 1,667,995
Ketproflts $4,220,227 $4,119,011 Dec. $101,216
•Pas«en)rerRcaiTicd—1878,6.376.413, equ,il to 807,642 through pas-
enKcrs- 1S79. 7,908.648. equal tn 1,064,332 through iLissenscrs.
t Merchandise, tons moved—1878, 2.757.838 ; 1879, 4,177,976.
J Coal, tons moved—1878, 5,909,140; 1879, 8,147,579.
Gross expenses, including renewal fund, rents of lateral'
roads, taxes, &c., in the year 1878, were 63 4-10 per cent of
gross receipts ; in 1879, were 68 6-10 per cent of gross receipts.
The receipts and expenses per passenger and per ton, in-
elnding renewal fund, rents of laterals, taxes, &c., and based
npon entire coal tonnage of the company, on main line, branches
and laterals were as follows :—1878 . .1879-
Beceived.$0-23 9-10
97 6-101-22
Cost.$0-17 7-10
56 6-1064 2-10
Received.25 2-1091 0-1088 2-10
Coat.Per passenger $0'17 .5-10
Mdse., per ton 67 3-10Coal.perton 73.5-10
The above statements embrace all expenditures of the com-pajiy, except interest on the funded debt.
INCOME ACCOUNT.
The result of the year's business may be stated as follows,
viz.:
BecelptB over cost of working the road $4,119,011Add profit on steam colliers 358,863Add credit balance of profit and loss account 42,751
Tot.ll $4,520,626From which deduct
—
Jjota npon the business of the Schuylkill Canal $334,057Less profit upon the business of the SchuylkillCanal transiwrtatiou line 33,976
Total $300,080I<08s upon the business of the Susquehanna Canal. 175,381 —475,462
The President's report says; " In view of the greatly im-proved condition of business, the managers have not hi-sitated
to increase the floating debt for the purchase, erection andcompletion of such facilities as seemed to them absolutely
neces.sary, and without which the company would have beenunable prolitably to move the very large tonnage expected in
the immediate future. Since the close of the fiscal year, how-ever, an agreement has been made for an advance for one yearof 70 per cent, or §'3,500,000 upon the $5,000,000 unissued gen-
eral mortgage bonds of the company, coujjled with an option
to take the bonds at a price which will yield considerably morethan a million dollars additional. A large proportion of this
$3,500,000 has already, been received since the close of the fiscal
year, and applied to the reduction of the floating debt, which,
at the close of business on January 10, 1880. amounts to
§6,730,543 of bills payable and call loans to which must be
added |635,015 for outstanding wages certificates, and §301,416
for outstanding certificates for materials. If the option of
taking the $5,000,000 bonds is exercised it will reduce thefloating debt to abo u t $4,500,000.
COUPON 9CEIP.
The following statement shows the total amount of couponscrip and income mortgage bonds outstanding at the close of
and Issued during the year :
PerkiomeuDebenture Gen'l mort. mort.and guar, gold $ or guar, gold
scrip. Jt scrip. $ or £ scrip. Total.
Total amount to be issued. . $6,134,365 $1,771,740 $101,250 $8,007,355
Amount issued to Novem-ber30, 1879 $5,689,148 $1,738,440 $99,180 $7,526,768
Less received and canceled 3,035 3,035
Total $5,686,113 $1,738,440 $99,180 $7,523,733Converted into into incomemortgagebonds 2,213,140 4.860 2,218,000
733,580 $99,180 $5,305,733
$2,070 $343,950
Outstanding Nov. 30,'79 $3,472,973 $1,'
Amount of scrip issued dur-ing year $319,740 $22,140
Amount of income mortgageloan issued during year.. $172,000 $172,000
COMPARATIVE TRAFFIC.
The comparative traffic of the company for the last four
years is shown by the following table :
1876. 1877. 1878. 1379.Number of passengers „ ^cariied ....10,936,157 6,674,889 6,376,413 7,908,648
Number tons of coal,2.a401bs 5,595,207 7,255,318 5,909,140 8,147,580
Number tons of mer-chandise, 2,000 lbs. 2,493,277 2,837,648 2,757,839 4,177,976
Number of tons com-pany's materials,2,000 lbs 482,222- 313,981 412,110 631,7o3
Total tonnage of com-pany (2,000 lbs.) in-
cluding weight ofpassengers and com-pany's materials
—
Total.Intorefit on bonded debt for the year $4,624,014lDten>«t for year on bonds and mortgages 118,427Debit balance of Interest account 366,143
$4,045,164
5,108,585
Debit b.ilance for year ending November 30, 1879, eh.irgedto profit and loss, and appearing iu balance-sheet $1,063,421
The above debit balance results from charging full interest«nd rentals, irrespective of whether the same were payable incash or in scrip, butOf the amounts thus charged there was payable In scrip $1,725,729Ftmn which dednct lossas above 1,063,421
I/eaving cash surjdus earaings for the year ' $662,307The cash deficit of the coal and iron company is:
Total infcre«t charges $1,054,9851«88 payable in scrip 121,170—$933,815JLoases for the year 699,450
..-. ..... ^ ^ , $1,633,266rTDm whicn deduct cash suri>hi8 of the railroad company 662,307
l«»»hig $970,959Representing the cash deficit of the operations of the two com-panies for the year, as against $824,950 for the previous year,an increase of-$146,008.
FLOATING DEBT.The floating debt of both companies at the close of the year,
including all outstanding wages certificates, wa-s $9,152,909,against $6,419,003 at the close of the previous vear, the latter8um not including the arrears of wages, for wh'ich, subsequentto the close of la-st year, wages certificates were issued.The increa.se in the floating debt of $2,733,906 is accounted
for as follows
:
By caah deficit of the year's operations of both companies. .. $970,9.59By rcd'U'tion of arrears of wajps 6'7"' 8''''
By new railroads anil tt^nuinal facilities, including connectionswiUi the North Penn. Railroad between Nicetown and TaborJimction; extension of branch at Harrisburg; cash depositfor purcbiHto of Rorku County Itailioad; elevator wharf atPort Richmond, Ac. qna iRi
By real estate purchased '.
q^'^V'vBy new barges, Ac, built 24'''10By collieries purchiwcil and Improvements made at furnaceV&c.' 330;976«y morigage dclits of coal and iron company paid off "Ol 352By increased amount of materials piu-chased and on liaud i34'i'73
$2,741,608
10,236,326 11,833,826 10,383,317 14,673,159
LE.VSED LINE.S.
Of the various leased lines of railway, the Catawissa Rail-
road shows an increase of earnings of $18,051 ; the Phila-
delphia Germantown & Norristown Branch an increase of
$18,882 as compared with the previous year. The workings of
the Reading & Columbia Railroad Company, including its
leased line to Quarryville, shows an increase of $26,522. ThePerkiomen lease was surrendered and all ownership or control
of that line given up at the time of the lease of the NorthPennsylvania Railroad.
The Express Department shows a net profit for the year of
$59,098 as against $52,335 for the prior year.
The Steam-colliers service show a profit of $3.')8,863 for the
year, as against $232,425 for the piievious year, an increase of
$126,437.The canals show a loss, after payment of rents, of $475,463,
as against a loss of $278,609 for the year 1878, the increased
loss being partly accounted for by the low rates of coal trans-
portation and partly by the extreme drouth during the autumn,which for many weeks seriously interfered with the economicalmovement of traffic.
The President says in his report: '* In the month of Maylast this company took possession, as lessees for 990 years, of
the railroads, properties and plant of the North Pennsylvania
Railroad Company and the Delaware & Bound Brook Railroad
Company, under leases which provide for the payment of anannual rental equal to the fixed charges of the lessors, andannual dividends to their shareholders of 6 per cent for the
first two yeai-s, 7 per cent for the next two years, and 8 per
cent for the remainder of the term. By these leases the com-pany not only secures to itself the future growth of the valu-
able local and suburban traffic of the North Pennsylvania
Railroad, which, in connection with improved terminal facili-
ties, in Philadelpliia, is capable of great expansion, but obtains,
by the Bound Brook Route, in connection with the Central
Railroad of New Jersey, an independent and valuable line for
the transportation of passengers, merchandise, and coal to the
city and harbor of New York, It was expected when the leases
were taken that the first year's business might show a loss of
from $60,000 to $100,000, and that after the coal traflic of the
company was turned upon the new line, all subsequent years
would show a profit. Instead of this loss, however, the actual
loss in working both lines for the first seven months of the
lease has been but $6,708 after payment of all rentals, andagainst this loss there is to be credited a profit of $91,796 rep-
resented by that amount of value of railway supplies andmaterials turned over to the company at the date of the lease
Jakcabt 17, U8C.J THE CHRONICLE. 65
vrithoat charge, bat included in the items of the cost of work-ing the roads as if paid for." In order to provide at once for the Bhipment of coal over
the new line, the wharves of the Delaware Lackawanna &Western Railroad Company at Elizabethport, formerly used bythat company for its coal shipments over the Central Itailroad
of New Jersey, have been leased for three years and put into
order, and the company is now prepared to transport direct,
by its own cars and engines, to the harbor of New York, thelarge amount of coal tonnage which heretofore, at a cash cost
of fully 85 cents per ton, had to be transported over the lines
of other companies. As the actual cost of moving this coal
from Philadelphia to New York over the new line (the entire
expenses of which are already provided for by its own business)
(rannot exceed 40 cents per ton, the difference of 45 cents perton on a yearly tonnage of about a million tons, amounting to
$450,001) per annum, will represent the saving to the companyby the acquisition of the new lines, in addition to the profit
which will undoubtedly be made upon them from traffic otherthan that of through coal to New York."
PHILADELPHIA AND KEADIKO COAL AND IRON COMPANY.The income account shows the result of the year's business
of the Philadelphia & Reading Coal and Iron Company, ofwhich the following is a condensation:
KECKIPTS.
Coal rents, 997,822 tons $179,612Laud rciitH 22,956HoUHc rents 90,370Furnace and iron ore rents 4,070
$297 f>09Coal Bales, 4,150.343 tons 9,892,029Iron ore sales, Ac, 39,142 tons 94,134MiscelUineous receipts 29,123
ESTIMATE FOR 1880.The following table, showing a comparison between the actoal
resulta of 1879 and the Managers' estimates for 1880. givoa alarge expected profit. In the table for 187!< the total rwieipts,i-xpenses and rentals of the North Pennsylvania Railroad andthe Delaware & Bound Brook Railroad for an entire year, areincluded, in order to facilitate comparison with 1880 :
1870. 1880.Coal transportation $7,291,089 $12,1»0,000Meroliandlse transportation i.lfiUMHn 5,000,000l'as8<!UKer transportation 2,233,()r>(! 2,.''>0O,0OO.Miscellaneous reeeipts 118,20a 150,000I'or sliippinK coal at Port RicIunODd and
Eiizal>etlii>ort
Total $13,799,963All expenses, except interest on deljt 0,810,351
Total $3,989,U12IjOU.
Coal and IronConipany 099,450
Total receipts $10,312,798Exiieuscs Il,l.i5,57(i
Net loss fortlie year $842,778From wliifh deduct tlie credit and balance of profit and lossaccount .'. 143,327
Amount oliarged to profit and loss account $(!99,450
The total coal tonnage of the estates for the year, as com-pared with the year 1878, is as follows:
Mined by Mined byCompany. Tenants. Total.
1879 4,26!),929 1,300.322 5,.570,25]1878 2,727,608 1,100,181 3,827,789
Total $3,290,162lutorest account, lucliidine full sinking fundsforl879onail sinking fund debts
400,000
$20,200,000ll,.'>00,00O
$8,700,000I'rojtI.
2,5O0,U0O
$11,200,000
7,000,009
Increase 1,542,321 200,141 1,742,462
The actual cost of mining and delivering coal into railroadcars for the year was $1 14 3-10 per ton, as against |1 23 7-10in 1878 and $1 03 9-10 in 1877.
THE COAL TRADE.The report adverts to the course of affairs in the past year
as follows :
" The price of coal and the rates for carrying coal reached thelowest prices ever before known. In the face of a demand whichfreely took the entire production of the year, it is difficult toreconcile the continuance of low prices with any other hypothesisthan that of a deliberate intention on the part of one or two ofthe companies interested in the production of anthracite to main-tain low prices for the purpose of injuring the credit of theReading Railroad Company. * * *
" In addition to this cause, the low price of coal may also, in
some measure, be attributed to another cause even more repre-hensible, viz., that of stock gambling on the part of those whosopositions enabled them to control the prices of coal with a viewof aiding their operations on the Stock Exchange.* * * "It is
no wonder, therefore, that under such circumstances the priceof coal was kept low, and as it had not until late in the year beendemonstrated that the demand was equal to the supply, theprices of oce-quarter of the product effectually established theprices of the whole, and at one time during the year coal wassold on board vessels in Philadelphia as low as $2 per ton, andin the month of September an auction sale realized for brokencoal, in New Y'ork, a price as low as $1 97M per ton."" Now, however, that it is practically demonstrated that the
demand for the coming year will exceed the supply, the major-ity of the anthracite coal companies, who have been continu-ously striving to make money, can regard with indifference anyattempt on the part of the minority to keep prices below a ratewhich will yield a fair profit to all concerned in the trade.
•' The entire production of 1879 wa.s 26,100,000 tons. It is be-lieved that the lotal possible production of 1880 cannot be over28,500,000, with a strong probability that it will be much less.
As the increa.sed demand for iron works, and other kindred in-dustries, will ab.sorb from one-half to three-quarters of any pos-sible increase of production over that of 1879. it is quite safe todismiss all apprehension about the future of the trade. All thecoal that can be mined and exported will be wanted ; the pricesfixed by any one company need have no influence on those askedby others, and the advocates of low prices and restricted pro-duction can injure none but themselves by putting their theoriesinto practical operation."The bad result of the year's business just closed is due entirely
to the low pnce of coal and the low rates of transportation. Ascompared with the last few years of depression, the averagerates and price realized are shown in the following table :
Av. rate of trans- At. price of cosi\
l>ortati<m per ton received by ('. 6c
received by RR. I. Vm. at Schuyl-Coiiipany. kill Haven.
1870 $119 9-10 $2-101877 103 4-10 I'308-IO1878 1-22 1-53 4-1018'0 88 2-10 1-335-10
Net profits $4,200,000
Of this estimate the report says :'• No account is taken in
the above of profits on steam colliers and barges, or of los« oacanals, as the former may be expected to cover the latter.With such an earning power properly established and demon-strated the Company will be able to command money ujion themost reasonable terms, and to extricate itself from all financialdifficulty by funding into some proper, pennanent security altof such indebtedness as must be removed before cash dividendsare resumed. Assuming that the option to take the $5,000,000of general mortgage bonds will be exercised during the nextfew months, there will then remain the following indebtedness,which must be paid or funded before cash dividends are made :
Floating debt, say. $4,500,000Income mortgage bonds 2,21 8,00O( ouiMjn scrip 5,305,733
Total $12,023,733
" To pay this out of net earnings would require from two tothree years of prosperous times, and the shareholdei-s wouldthen be entitled to a distribution of share capital to representthe earnings devoted to the payment of indebtedness, firstdeducting therefrom the present clebt balance of profit and Io.s.1
of $2,104,862. If, however, the improved credit of the companyenables the managers to pay off the entire $12,023,733 out of theproceeds of any new security, the issue of which would notincrease the fixed charges of the company, they would considerit their dut^ to do so, first giving to each shareholder thooption of taking his pro rata portion of such new issue, and, iathe event of the success of such a scheme (which may be con-sidered highly probable), reasonable cash dividends could beresumed."
Long Island Railroad.
{For the year ending September 30, 1879.)
Prom the report of Mr. Sharp, the Receiver, we have theabstract of operations for the year 1878-9, to which are addedthe figures for 1877-8, in comparison :
Liabilities.Sept. 30, '79.
Capital stock paid in lii3,2C0,60OFunded delit 2,061,712Floatinpdeht 725,380Total amount of funded and floating debt. . 3,387,098
Sept. 30, "78.$3,260,0001.881.7501,157.8603,039,610
1877-78.$1,022,796
408.30927,97713.505
RECEIPTS.1878-79.
From passengers $1,032,689Froinfreight 403,977From express 20.797From liolstage 17,073From wharfage 115From telegraph 1 ,007FromU. s; Mail 17,0.54From sales of old material 50,113From rents of buildings, land, newspaperprivileges, etc 7,800
Total $1,017,949Operating expenses 1 ,279,590
Notearnlugs $;J38,359
Some of the principal items in operating expenses in eachyear were as follows :
1878-79.Repairs of road-be<l and railway, buildings,bridges, fences, giites and telecrapli $243,111
21.53921,172
10,722
$1,524,9321,019,000
$505,932
Iron and steel rail 45.848Taxes on real estate 42,375Ri-l>airs of euRiues and tenders, passenger,Imggago and freight cars 204,019
.Agents and clerks 105,970Fuel 139,200General olflcers' salaries 34,404
PAYMENTS OTHER THAN FOR COS8TRUCTIOM.1878-79.
Transportation expenses $1,279,590Interest 205,173Rentals of other roads 193,304Proimrtion of earnings for other roads andferries 107,600
Funded debt 138,350Floating debt accrued previous to appoint-ment of receiver 31,799
1877-78.
$168,4142,025
40,596
129,60389,400
114,61322,137
1877-7S.$1,019,000
196.606145,614
39,40020,00O
104,688
Total $1,955,878 $1,506,328
In the year 1878-9 the following payments were made onaccount oi construction and equipment
:
()6 THE OHHONICLE. [Vol. XXX,
i'oT unuliiiitlon iiinl iiiiiHonry, IniuJ nnd laud (liiningcs, feiioca.
l)ri<lu<H I'li^riiuHTliic siti«'ratniclm-ej (liu'ludiuR Iron and«lf<<l). liiisscMp'r and freight biiildliiBs and fixtures
IxjcoiiKilivf*. iMi8«i'iiKi>r, hagiragc and frilKlit cars..... .......
Altoratliai nf dc|M>t and oiK'uhiff stri'otN at Ilaulor « Point
KWMinhtnullcn and extension of Atlautlcavcuiic line. t)etw<'cn
Janmira and Klatlinsli avenue deiKd, BnioKIyn. inclucllng
cost of real c.-itatc, &e
»fi,38381,SH4
20,939
Total $111,240
MII.IvS OF ROAU OTVNEI), I.E.XSEtt AND
The following list sbows all the lines
Island Hailroad nianasement in 1878-9 :
Name. FromMain lino Long Island nty..HaKHiirliiir liraucU ManorNorlliiiorl braneli UickBVilleLoeuat Valley limnota MineolnHeninstead liraneli Mineola...Creoanioor branchSmillitown i rt.JcfrcrsonKE..Nortlip<>rtStewart im IllnsdaloStewart IIU Oardon CllyNew York A; Itoekaway KK.. .Kockaway Jnuet.Brooklyn A- Jamaica UK JamaicaNewtown & FlURbiCK RR V'ir.tlcld
New York Ji Flushing KK Hnnt<'r"H Foin":. .
.
F. N. 8. At Central Hunter's Point
—
Central Extension RR Betlipaso Juuct..Whiteslonc liranch Whltcstone Juuct.Or«atXcck branch Great Neck JunotWoodslilc & Fiusliiug bi'anch..WoodsideSouthern RR BushwickHunter's Poiut & So. Side EK.N. Y. & F. Juuct.
.
Far Kockaway branch Valley StreamSouth Hempstead bi-anch .Valley Stream
ori:itATEi>,
under the Long
To Miles.Grcenport !'1'7
.Sag Harbor 3r>-2
.Noi-thport 15 O
.LopiiRt Valley.. ..101
.HemiJStead 2\5
." Port' J( fforsim ' ! 1 . 1 9
.Kcthpasc ll-")
.Ilcmpstead I'S
.FarEockaw.ay
.Fl.atbusliav ...
Fbishin.'!S. S. Junction .
Central Juuct.Bal)ylon S'l
Whitestone 4Great Neck 6-7
Flushing 3-9
Patclioguc Sl-.'j
.Freshpond 1'5
Neptune House .. 9'4Hempstead.. "'"
»(i3-92-7
15-9
5-3
Total 3250
Crookljn Horse Kailroads.
(For the year ending Sept. 30, 1879.)
The following abstract is from the returns made to the NewYork State Engineer
:
GRAND STREET & NEWTOWN.Paid ejipltal
Funded and tloiiting debt
From paRsengersFrom other souroes
PAYMENTS.For transportationFor interestFor dividendsOther payments
GRAND STREET PROSPECT PARK & FLATBUSH.Paid capitalFunded and floating debt
BBCEIPTB.From pa&sengersFrom other sources
PAYMBNTS.For transportationFor interestOther payments
$170,000155,850
$98,2592,896
$76,00911,1514,2501.200
$200,000402,997
$78,27050,597
$07,36212,75048,568
BROOKLYN CITY,Paid capital $2,000,000Funded and floating debt 350,000
ItECEIPTS.Prom passengers $1,466,112From other sources 43,775
PAYMENTS.For transportation $1,208,226For interest 26.254For dividends 280000
BROOKLYN CROSS-TOWN.t'>Pi'*' $200,000Paid 197 7QQFunded and floating debt 471*770
EECErPTS.From piwsengers $208,393From other som-ces 10 960
PAYMENTS.'
For transportation $149,408Forlntcrest 32 97iFor dividends "
.
. '
is'bs'jOther i/ayments ]\\\]."[.\.[ 27500
ATLANTIC AVENUE.
^lf\^ $700,000
Funded' dcbV.v.'.'.".7.v.v.'.;:.\\;.\\".v.y.;.y.;:::;::;::;;;:::;::;; 443;72oBKCKIPTS.
From passengers anrM fi>;^From other sources '"[[[[["][[" 89 150
PAYMENTS.For transportation aiTQia'^Forlntcrest * Q?'i?.2For dividends ^a'-q-tOther paymcnU '^^"'.V.'.^'.'."'.'."V.'.'.'.'.'."\]'.\V^ 79,650
BROADWAY. OF BROOKLYN.Paid capital toxn nn.Funded and floating debt .'.'."."..'..........'....'...'..
290 560RECEIPTS.
w^™ Ih" ?;"' ^"'"Ja^^ * ^"''l Avenue Railroad $231 •540From the Cypress Hdl extension . * '*i'^i>!Fromother sources Toi't^'
PAYMENTS.
ISJS^rt':^.".'*.":: *208,726For dividend* '.'.'.'.'.'.'.' "0-341
OlSNERAL INVESTMENT NEWS.
i^niri • TvA' K •fo"ettling the riot claims, has all been sub-acnbed m Pitt-tburg and its neighborhood, and the amount L to
be increased as additional claims are compromised. The Pull-man Palace Car Company, which has a riot claim for about$80,000, has agreed to settle for $55,000 cash.
American Union Tole^raph.—The American Exchangereports that at the conferences held in Philadelphia betweenthe president and vice-president of the American Union Tele-grapn Company and the officers of the Pennsylvania RailroadCompany, all of the details of the contract "between the twocompanies were agreed upon and it only lacks formal signa-tures to take effect. By the contract the American UnionTelegraph Company acquires the privilege (not e.\clu8ive) ofusing the right of way, wires, poles, buildings and other tele-
graphic facilities of the Pennsylvania Hailroad for a long periodof years. The lines of the American Union Telegraph Companyare said to be in a condition ready for immediate operation,and a formal opening to the public will probably take placenext week."At the present time the American Union Company owns
12,000 miles of wire in the United States between Boston andOmaha, connecting all the principal cities of the north andwest, all of which has been erected since last May. Nothingbut first-class material has l)een used in any direction, and it is
believed that the lines are better than any that have ever beenbuilt. Nearly 40,000 miles of wire have been purchased, halfof which has already been received and paid for, the averageprice for the whole lot being 20 per cent less than the rulingprice to-day, and the same conditions apply to other material.
" In July last about $300,000 worth of stock, out of a capital of$1,000,000 of the Dominion Telegraph Company of Canada,was purchased by the American Union Companj', and in con-nection therewith a lease was taken of the lines and propertyof the Dominion Company for a term of ninety-nine years.This connection gives an additional 12,000 miles of wire to thecontrol of the American Union Company, and includes the con-tract of the Dominion Company for e.tcliange of business withthe Direct United States Cable Company, whose cable extendsfrom Tar Bay, Nova Scotia, to Ireland. The American UnionCompany has, in addition, concluded a twenty years' contractfor exclusive exchange of business with Le Compagnie Fran-caise du Telegraph de Paris a New York, whose new cable waslanded on November 17, upon the shores of Cape Cod, nearNorth Eastham, Mass. This cable extends from Cape Cod toSt. Pierre, Miguelon, and from thence to Brest, France, fromwhich point a cable connects with Penzance, on Land's End,England."
Atliintip, Mississippi & Ohio —In the United States CircuitCourt at Richmond, several orders were entered—one to payGen. Mahone, late President, $6,400, due him for .salary; onedirecting commissioners to ascertain and report what amountshould be allowed the English bondholders for expenses, dis-
bursements and fees in prosecuting the suit, and a similar direc-
tion with regard to the expenses of the Dutch bondholders.The tiuestion of the sale of the road was not decided Jan. 13.
Boston & New York Air Line.—At New Haven, Jan. 14,
the stockholders of the New York & New Haven Railroad Com-pany ratified unanimously the lease of the Boston & New YorkAir Line Railroad.
Central (.'«orgia.—By the terms of the contract with theNashville k Chattanooga Company the latter guarantees six percent for first seven years on stock and seven per cent afterward,assuming all its liabilities.
Cnmherland & Klk Lick Coal Company.— The capital stockhas been admitted to the New York Stock Exchange list. "Thecapital stock paid in, is $1,000,000, divided into 5*100 shares.The property consists of 1,580 acres of bituminous coal land in
fee, located in Somerset County, Pa., an inclined plane and shortrailroad connecting the mines with the Salisbury Railroad,which connects with the Pittsburg division of the Baltimore &Ohio Railroad. The company has carried on mining operationsduring the past four or five years, producing from 40,000 to
to 80,000 tons per annum. The" officers are as follows; President,Alexander Shaw, of Baltimore; Vice-President, A. Chamberlain,of Myersdale, Pa., and Secretary, C. M. Holt.
Deadwond Mining Company—The stock has been placed onthe New York Stock Exchange list. The capital stock is $10,-000,000, divided into $100 shares. The company was incorporatedunder the laws of California on October 4, 1878. The propertyis located in Whitewood Mining District, Lawrence County,Dakota Territory, consisting of the north segregated 1,000 feet ofthe Golden Terra lode, and the north segregated 500 feet of theOphir lode. The financial balance on November 1. 1879, was$181,120. The average monthly bullion product has been $37,-817, and the average monthly expenses $10,236, leaving anaverage monthlv profit ot $27,581. The officers are: President,Joseph Clark; Vice-President, J. B. Haggin; Secretary, J. K.Goodrich; and Assistant Secretary, H. B. Parsons.
Deiiyer South Park & Pacific —The Denver Times reportsthat at the annual election directors were unanimously chosenas follows : John Evans, 'W. S. Cheesman, J. Sidney Brown,D. H. Moffat, Jr., J. W. Smith, Jay Gould, Russell Sage, C. "W.Fisher, and C. B. Kountze.The limea saj^s :
" The first mortgage bonds of this companyare now selling in New York at 104 and acrued interest, and asthese bonds are only issued to the amount of $12,000 per mileon the road and equipment, which has cost much more thanthat amount in cash, and as the local earnings of the road aresufficient to pay much more than the interest, there is no doubtthat this price will advance rather than decrease or even remainstationary. The sentiment of the stockholders and directors
IJanuary 17, T:80.
|THE (JHIIONICLK. 67 -B()
was unanimous for thu vigorous prosecution of the work to
Leadvillp, and a resolution was unanimously adopted approving
the (Xjntiacts for extending the road to the Gunnison."
I Petroit Hillsilale & S. W.—It is stated that the sale of one-
half of the capital stock of the Detroit Hillsdale & South-
western Railroad was completed recently in Uoston. The stock
has been purchased by parties who have in view an extension
of the road, and the ultimate formation of a new through line
from Detroit to Chicago.
Elizabeth City, N. J.—A mandamus was asked for to compelthe City Council to levy a tax and the Board of Assessment to
assess and collect an amount sufficient to pay the amount of ajudcrinent for f4,5t).5 interest due on certain Ixinds of this city
held by the estate of Robert (ioelet et als. The U. S. Court at
Trenton, N. J., decided that an alternative mandamus should
be issued to the Council commanding them to raise the requisite
amount or to show cause before said C6urt on the fourth Tues-
day of March next.
Indianapolis Decatur & Si'vinsllcJil.—The first and secondmortgage bonds have been placed on the New Vork StockExchange list. This companv is successor to the Indiana &Illinois Central Railroad, the firsts are for 11,800,000, with$1,500,000 issued and the limit fixed by resolution at that sum,maturing in li)Ot>, bearing 7 per cent interest; the seconds are
$2,850,000 in amount, convertible into stock after .January 1,
1885, with the first ten coupons payable only out of net earn-
ings, but to be paid in scrip if net earnings are insufficient, andhave thirty years to run. The stock, of which very little is
issued, is $500,000. The road extends from Decatur, 111., to
Indianapolis, 152 miles. The capital stock is $500,000, in $50shares.
Jersey City Finances.the following
:
-The Comptroller's statement contains
BECAriTDLATION OF DKHT.
General account, doht. $5,522,030Asscdwincnt jtec't.debt. 6.117,050Water accomit, debt... 4.788,000Tcmpoiaiy loan, debt. 380,000
$16,80S,000Less sinking fund bo'd.s,
iucludtd above 1,00!),505
Total $15,738,435
AMOUNT OF TAXES UNPAID DEC. 1,1879.
Taxes of 1874 and pre-vious • $508,400
Taxes of 1375 198,120Taxe8ofl876 294,510Taxesof 1877 40!(,128Taxeaof 1878 489,811
Taxesof 1879 $1,205,370
$3,165,331L«^ss amount deductedby Coiiiuiissionert* ofAppeals tor the years1873 to 1878, iu-clnsivo $100,131
Amount for 1879, esti-niiited
Also amount due Stateaud Couuty, as col-lected
15.000
782,105
Balance $2,268,145Interest due on 95 percent of past-duetaxes, estimated at 7per cent per annum.. 335,000
$2,603,113AMOUNT OF ASSESSMENTS DUE AND trNPAID.
For Street Improvemeuts $2,262,202For Sewers 781,930
- $3,044,132
649,116Interest duo on 60 per cent assessments past due, estimatedat 7 per cent per annum
$3,093,248
He estimates the amount of these taxes and assessments col-
lectible at 15,078.741.
Little Pittsburg Mininsir Co.—The general manager in hisreport of operations for the year ended December 31, 1879
—
covering only eight months actual operation—gives the follow-ing figures
:
Ore receipts $1,346,006Total ex poiises and charges $306,370Divideuds paid 850.000Eeal estate purchased 20,000
$1,182,370
Ohio & Mississippi.—The Ueueiver of the Obio & Miasiasippt
'
Company has asked perraijsion of the Court to plijr two eot^p<»8'on the second mortgage bonds.
Penii'ylyania nallrnail,—The claim of the PennsylvaniaRailroad Comiiany against the county of Alleghany f<jr " theriot losses"—$1,600,000—has been settled. The Pennsylvaniaroad lost some $3,000,000 in consequence of the Pittsburg riots,
but agreed to compromise for $1,600,000, if this amount wagpaid to them within sixty days. This will be done from prxieedsof sale of bonds.
Piltsbnrg Tilusviile Se Bu«rjlo.-To the stockholders aproposition has been submitted by the President, as follows:The Pittsburg Chautauqua Lake & Buffalo Railway Com-pany (running from Brocton to Corry, Pa., where it con-nects with the Lake Shore), offers the Titusville $125,000 inin cash to take their (P. C. L. & C.) road and merge it into thePittsburg Titusville & Buffalo. The Pitt.sburg Titusville &Buffalo to issue 30,000 shares of stock and assume control ofPittsburg Chautauqua Lake & Buffalo Railway, kr. Jonessaid that by accepting this proposition he would be able to payoff the entire issue of income bonds, scrip for back interest, thematuring <;'onpons of the road, and leave with him a cash bal-ance of ^50,000, whieh could be expended for improving theroad bed or for purchasing additional cars. The stockholderswill probably accept the proposition.
Kailroad Constrnclion in 1379.—The It lilroid Oazilte givenits usual annual statement of railroad construction, from whichwe extract the summary below. The figures of the Ouzetteare given in detail, by States, accompanied by an article ofsome length, whieh opens as follows :
" We present this weeka detailed record of the new railroad constructed in the UnitedStates in 1879. from which it appears that the total of the yearwas 4,430 miles, which is the largest since 1872, and has beenexceeded only four times in the history of the country—thefour years ending with 1872. For the eight years that wehave made up this record, which inclndes road on which trackwas laid during the year, whether opened for traffic or not, anddiffers materially from the figures in Poor's Manual (whichusually include only road open for busine-ss', the miles of newroad constructed have been :
Year. Mi lea.
1876 2,4601877 2,3011878 2,9161879 4,430
Compared with 1878, therefore, last year shows an increaseof more than 50 per cent. At the close of 1878, according toPoor's Manual, the length of railroad in the country was 81,-
841 miles. Adding the mileage constructed in 1879, we havethe grand total of 86,263 miles of railroad in the United Statesat the beginning of the current year, when the total of all
Europe is about 100,000 miles, and of all the rest of the worldprobably not 20,000 miles."
The summary of miles built in each section of country in thepast eight years is as follows :
Year. Miles.1872 7,3401873 3,8831874 2,0251875 1,561
Surplus $164,236
To the surplus should be added about $40,000 due for oredelivered and unsettled for during the year. There were 23,-
187 tons of ore produced from which a bullion product of$1,800,000 is estimated.
Macon & Brunswick.—This road was leased Jan. 13 to J. M.Cowper for a company of capitalists, headed by Chaun-cey Vibbard of New York, for $194,000 per year, with privi-lege of purchase. Before the bidding, notice was given of a$600,000 claim of second mortgage bonds against the road.
Missonri Kansas &, Texas.—The Denison & Pacific Railroadand the Denison & Southeastern Railroad, says the St. LouisRepublican, have been purchased by stockholders and bond-holders of the Missouri Kansas & Texas Road. The two roadswill consolidate and be hereafter known as the Missouri Kansas& Texas Railway Extension.
N. T. Lake Erie & Western.—Judge Pratt, in the SupremeCourt, Brooklyn, granted a judgment for $54,871 in the suit ofthe Chemung Railroad Company against the Erie RailwayCompany, 'fne action was to recover rent due and interestupon a lease of the plaintiff's road to the defendant.
Northern Pad He.—The Northern Pacific Company, in ex-tending its lines beyond the Mis-souri, has laid sixty miles oftrack the past season, graded 140 miles of roadway, and hasprovided for the completion of the line to the Yellowstone bythe 1st of September next. During the eleven months endingwith November the land department sold 133,740 acres of land,making the total sales to that date 2,241,961 awes.
RECAPITULATION BT SECTIONS
1872. 1873. 1874. 1875. 1876. H77. 1878. 1879.New England.Middle States.
198 282 129 114 50 119 41 421,010 .•i41 387 437 259 352 344 137
So. All. States 244 201 144 32 114 92 116 149CJult States... 500 394 138 34 398 213 218 243.South Interior W.ib 404 49 39 197 70 64 280North Interior.l.210 452 400 166 393 349 370 442Northwest 3,080 1,130 509 357 550 670 1.254 2,181Far West Int'r 180 2Z4 122 202 154 162 357 682I'aci tic States.. 317 135 147 180 345 288 152 73
Total 7,340 3,883 2,025 1,561 2,460 2.315 2.916 4,430
St. Lonls City.—The city has disposed of $100,000 in five percent city bonds at a premium of $1 25 per $1,000, and $375,000in bonds were sold at $1,001 30 per bond.
St. Lonls & San Francisco.—The Kansas extension madeconnection January 12 with the Atchison Topeka & Santa Feroad, at Severy, Kan. Permanent connection with the latter
mad will be made at Emporia, Kan., in a short time, when St.
Louis will have another through line to Colorado and NewMexico.
St. Lonls Vaudalia & Terre Haute.—The report of this rail-
road for the year 1878-9 shows the earnings to have been$1,254,641, an increase of $185,200, or 17>6 per cent. The rentalreceivable by the company from these earnings and other in-
come amounts to $3i3,518. Against this was charged interest
on bonds, $315,930, and taxes and general expenses, $36,397.Total charges, $352,327, leaving a surplus of $21,251.
Jit. Panl Minneapolis & Manitoba.—The gross earnings forsix months ending December 31, 1879, were: July, $239,309 ;
August, $186,489 ; September, $225,054 ; October, $306,330 ;
November, $228,929 ; December, $176,067. Total, $1,362,179
;
expenses, 47 per cent, $640,224 ; net, $721,955.
Wabash St. Lonis & Pad He.—The traffic agreement betweenthis company and Mr, William H. Vanderbilt provides for anincrease in the number of through freight line cars operatedover the consolidated Wabash and the New York Central, theLake Shore, the Canada Southern, and the Boston, HoosacTunnel & Western Railroads to 6,000, which will be tributaryto Toledo and the Wabash road, the New York Central receiv-
ing the benefit of the traflic brought by them from tli«
Wabash.
68 IBE CHRONICLE. Vol. XiX.
jghe <([)ommtvcml ^imjes. I
COMMERCIAL EPITOME.Fridat NioiiT. January IG, 1880.
The market* the past week have been dull, so far as relates
to regular trade; and in speculative circles, the operators for a
decline have been encouraged to make a sharp assault upon
Talues, e.speoially of wheat and lard, which have accumulated
in such vast stocks, that holders, with winter wearing away are
becoming anxious to reduce. The weather has been more
wintrj-, but not at all severe. The money market shows
increasing ease., , , ,. . •
The provision market has shown very marked decUnes during
the past week, in sympathy with the Western advices and a
general lack of confidence in the speculative situation. To-day
a somewhat steadier tone was noticeable and quite a heavy
movement in lard reported at 7-92>2@7-95c. for prime Western
on the spot and 8c. for choice ; old, for February, was sold at
7-87 )6c., and new 7-95c.; March, new, 8-07)^@8-05c.; April, new,
8-17>6@8-15c.; seller year, 7-92>6('J>7-87)^c.; refined to the
Continent was quoted at 8-30c. Pork sold on the spot at $12 60@
f12 75 for old mess ; new, for February, was quoted at $13 45@$13 55, and do. for March, $13 55@$13 65. Bacon was more
active at a decline to 7'25@7'30c. for long clear and T)^e. for
half and half.
The latest advices (Jan. 7) in reference to hog packing m the
West state the number of hogs packed at all points since Nov.
1 at 4,319,689, against 4,101,628 the previous week, and 4,901,205
this time last sea-son. The following is a comparative summaryof aggregate exports, from Nov. 1 to Jan. 10:
Increase
OOTTON.Friday, P. M., January 16, 1880.
Teb Moyembnt op TEK Crop, as indicated by our telegraib*from the South to-night, is given below. For the week endingthis evening (Jan. 16), the total receipts have reached 129,4€9*bales, against 149,486 bales last week, 154,306 bales the previousweek, and 207,601 bales three weeks since, making the total
receipts since the 1st of September, 1879, 3,445,830 bales, against2,953,995 bales for the same period of 1878-9, showing an increasesince September 1, 1879, of 491,835 bales. The detaUs of th»receipts for this week (as per telegraph) and for the correspondingweeks of four previous years are as follows:
Receipts this w'k at
New Orleans
Mobile
Charleston
Port Koyal, Ac.BavannahQalvcaton
lodlanola, dec
TenncBsee, &o. .
.
Florida,
Murtli Carolina.
.
Norfolk
aty Point, &o..
Total this week ..
Total since Sept. 1.'
1880.
40,700
12,741
10.639
26618,154
8,887
10621,239
6961,558
12,512
1,991
1879.
129,489
25,16i
15,24014,702
80919,57611,251
3649,398
5063,144
10,703
2,755
1878.
113,613
3,445,830 2,953,995
63,620
19,427
9,444
2,6291 6,981
10,245135
10,678
8932,484
14,739
2,449
1877.
153,727
2,794,496
26,726
13.84911,097
3117,61815,137
27512,344
1363,953
13,427422
115,015
1876.
55,685-
15,655-
10,62*959-
13,31113,285
45413,563.
9022,97«
14,029628
142,071
2,893,368 2,782,716
Pork. .
.
Bacou..l,ard...
1879-80.....lbs. 16,037,900....llw.158,370,985
lbs. 73,441,620
1878-79.17,379,000
167,705,33178,934,783
Decrease.1,342,0009,334,3405,493.163
16,169,509Total 247,849,605 264,019,114
Beef was in better demand at $11@$11 50 for extra mess.
Bntter and cheese are rather quiet, but on the whole steady
prices rule. Tallow is quiet at 6%e.The market has remained very quiet for Kentuckjr tobacco,
and the sales for the week are onl^ 300 hhds., of which 250 for
export and ,50 for home consumption. Prices, however, remainvery firm, if not a fraction higher. Lugs quoted at 3/^@6/^c., and leaf 6@13c. Spanish tobacco is more active, and thesales for the week include 1,200 bales Havana at 80c @$1 10.
There is also a much more liberal movement of domestic seedleaf, and sales for the week are 3,005 cases, as follows : 855cases 1878 crop, Pennsvlvania,12@20c. ; 1,500 eases 1879 crop,
Wisconsin (Havana seed', private terras ; 150 cases 1878 crop,Connecticut seconds, 10^@llc.; 350 cases 1878 crop, sundries,10@15c.; 150 cases 1877-8 crop, sundries, 12@16c.
liio coffee has been dull and depressed, notwithstandingsome advance in Rio Janeiro, a large stock here being a morepotent influence ; fair cargoes at the close are quoted at15?4c. Mild coffee has been less active, but still a fair businesshais been done at about steady prices ; good Cucuta Mariicaibois quoted at 16>6c. still, and Laguayra 14@15^c. Rice hasbeen active and higher, sales of Carolina being made at 7@7Mc. New Orleans molasses has been in fair demand at strongprices, and foreign stock has also sold fairly at firm quota-tions. At the close there is a fair supply of New Orleans here,but comparatively little foreign ; old crop, 50-test, is quoted at30@32c., and New Orleans 40@02c. Raw sugar has been mod-erately active at firm prices ; fair to good refining may bequoted 7%@8c., and centrifugal 8%@8%c.
The exports for the week ending this evening reach a total of106,723 bales, of which 69,437 were to Great Britain, 13,954 toFrance, and 24,33'3 to rest of the Continent while the stocks asmade up this evening are now 895,300 bales. Below are thfr
stocks and exports for the week, and also for the correspondingweek of last season.
Week BXPORTED TO— Totaltills
Week.
BameWeek1879.
STOCK.
endlnsJan. IG.
GreatBritain. France.
Conti-nent. 1880. 1879.
N. Orl'ue
Mobile..
Charl't'n
Savan'h-
Galv't'n-
N. York.Norfolk-
Other*..
52,355
1,520
2,121
3,121
7,980
2,340
10.391
1,363
1,200
9,722
2,100
7,199
1,210
1,917
833
1,021
72,468
3,463
10,219
1,210
4,068
3,951
7,9803,361
39,021
5,749
10,208
21,919
15,394
4,751
10,766
5,7*1
289,119 362,47.3
72,872 57,77362,131. 58,90e80.554 79,59278,090 98,151
212,626 128,38640,974 15,855-
59,000 33,000
Tot. this
week.. 69,437 12,951 24,332 106,723 113,572 895,366 834,136
Tot.einoe
Sept. 1. 1294,027 180,362 441,071 1915,460 1678,252
* The exports thia week under the head of " other ports'" include, from Balti-more, 1,219 bales to Liverpool and 1.021 bales to Continent ; from Sostoo, 368bales to Liverpool : and from Wilmington, 753 bales to Liverpool.
From the foregoing statement it will be seen that, comparedwith the corresponding week of last season, there is a decrease
in the exports this week of 6,849 bales, while the stocks to-night
are 61,230 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named. We add also similar figures for New York,which are prepared for our special use by Messrs. Carey, Yale &Lambert. 60 Beaver street
:
_ . ,Hhds. Boxes.
Beceipts since Jan. 1, 1880 3,324 1158»lc«»iiioe Jan. 1, 1880 15,'252 1,3318M)«k.lan. 14, 1880 21,5.53 9,457Stock Jan. 15, 1879 13,426 5,362
Baes.137,317181,837620,008327,203
Melado,
" 958
1,680
Jan. 16, AT-
Kefined has receded to 9)^c. for standard "A," and 10c. forcrushed and powdered, with a slow trade at times, thoughthere has latterly been more activity.
In naval stores little of importance has occurred; the wholemarket has been dull, and spirits turpentine has gradually de-clined to 43}^ @44c.; common to good strained rosins are stillquoted at $1 60@$1 65. Petroleum has also been very quietand quite irregular, closing with refined, in bbls., offered at7%@8e. for early delivery. United Certificates, after a fairspeculation, close at $1 08!^ bid and $1 08% asked. Metals ofall descriptions have been rapidly advancing under a remark-able activity; No. 1 American pig iron is now held at $40;
2*ij-"ft''"ifcotch at $33; steel rails at the mills $80; Iron do
$b0(8$b2; old iron do. $41 50@$43; pig tin 23^@24e. for straits;
"°l^'"«m^TK"'T''*,^*^''-,>^°' ««??«' J^as been advanced,with 800,000 lbs. Lake sold at 21?4@21%c. cash, and 22^@^Mc. for future delivery. Clover seed has declined to 8@9c
. •'r''r^Z."v.*i,?"?'*' ^^ 1^®$^ !'>' and the sales of alcohol in-
clude 500 bbls. for export, at 38c. in bo-nd.Ocean freight room has continued very unsettled in thematter of rates, and very quiet as regards the general move-ment. Late engagements and charters include : grain to Liver-
pool by ste^m, a%d 60 lbs.; provisions 20s.@25s.; cotton 5-32
T'^^-'^iLY^'?a«^ flour 15s.@17s. 6d.; grain to London, bysteam, 4?^d.; gram to Leith, by steam, 6d.; do. to Cork fo^orders, 48. per qr.; do. to east coa.st of Ireland, 3s. 9d.; do. tothe Contment, 48 6d. To-day, berth room was irregular andcharters nnchanged; grain to Liverpool, by steam, 3%^. 60 lbs ;
^. to London, by steam, 4d.; do. to Cork for oklers, quot^48. bid and 4fl. 3d. asked. Crude petroleum to DnnkiA 3s 3d
NewOrleansMobileCharlestonSavannahGalvestonNew YorkOther porta ,
On Shipboard, not cleared—for
Liver-pool,
.31,35415,8002,185
10,00016,708
3008,000
TotalI
87,347
France.
27,0822,1001,0501,300None.250
None.
31,782
OtherForeign
15,3767,200
14,32521,1003,647600
1,000
63,548
Coast-wise.
5,4012,400250
3,1001,155None.5,000
17,308
Total.
82,21327,50017,81033,80021,510•1,30014,000
200.133
LeavingStock.
206,90C45,37244,32144,75456,580
211,32S85,974
695,23:t
* Included in this amount there are 100 bales at presses for foreign ports
,
the destination of which we cannot learn.
The following is our usual table showing the movement of
cotton at all the ports from Sept. 1 to Jan. 9, the latest mail dates
:
RECEIPTS SINCB EXPORTED SINCE SEPT. 1 TO
—
Posts. SEPT. 1. Stock.
1879. 1878. Britain. France. Foreign Total.
R.Orlns 888,043 638,689 381,951 109,647 105,727 597.325 324,287
Mobile. 260,671 227,816 27,973 3,316 31,289 71,818
Char'n'* 374,329 393,563 99,787 9,156 93.985 203,228 64,192
Sav'h.. 566,007 532,777 131,099 8,601 143,791 283,191 71,163
Qalv.*
.
352,400 396,580 118,176 19,764 20,150 158,.390 75,428
N.York 97,988 74,988 188,673 16,621 32,261 237,558 193,361
Florida 11,331 37,682
N. Car. 85.732 98,747 21,915 5,839 27.751 8,822
Norf'k* 518,760 359,275 139,051 .... 2,160 141,511 51,653
Other.. 161,080
3316,341
80,235 115,965 12,223 128,188 47,000
rhlayr. 1224,590j 167,408 4l6,739'l308,737 907,724
Last y( ar 2840,382 914,2011197,560 452,919 1564,680|859,684
* Under the head of Cliarteaton is included Port R^yal, Ac.; under the head ofeatvulon is included Indianola, dtc: under the head of Horfotk is included CitrPoint, 4c.
January 17, I'SO] THE (.^HRONJ(!LK 69There Las been less depression in the cotton market during
the past week, and yet a feverish and unsettled tone has pre-vailed. The statistical position caused, on Monday afternoonand Tuesday afternoon, a demand to cover contracts, whichcarried np prices, especially for spiots and for January deliv-<>ries, the latter selling at one time as high as February-.Much irregularity followed, prices varying widely, but thelater months gradually regained their position as regards tlioearly deliveries. The wide range, however, is caiwing a rapidaccumulation of stocks at this point against .sales for thespring months, there being a handsome profit in carryingcotton at the difference in values. Yesterday there was a dis-position to narrow the range, b^ purchasing the early raontlisand selling the later; and while January was 11 points andFebruary 8 points higher, July and August were only 5 pointshigher at the close. To-day, the close was at some decline, underthe comparatively free receipts at interior towns of th(! South.The total sales for forward delivery for the week are 712,300
bales, including — free on board. For immediate delivery thetotaj sales foot up this week 2,979 bales, including 641 for export,1,G.j8 for consumption, 680 for speculation, and in transit. (Jfthe above, aoO bales were to arrive. The following tables showthe official quotations and sales for each day of the past week:
Bsieii. eta.BOO l:t(H
l.uob la-HS
Jiiu. 10 toJlUI. lu.
Ordlu'y.yibStrict Orrt..Good Ord.Btr. G'd OrdIx>w Mldd'cBtr.L'wMidUtddline..Good Mid ..
8tr. G'dMldMIdd'g FairFair
UPLANDS.Sat.
1258l'21"i«131,8la^ig131:>i,
Iflon
Il'l6ll''l811'812J8
1L'.'58
I2i:>i6i;)i,8
135,813i:)i8t»16
Toes
11>8111a1115,8l-23,8121-2
1211,81278131813-18
13781458
NEW ORLEAN8.Sat.
11^1811»1613I2141291612511213,8l3Si3137,6
1411
IHon
ll-'ifl
119l«12I2I4126,812^1215,6133,6
131^181411,
„
Tuea
im1158121,6125,612=8121318131314laiji
1414%
TEXAS.
800.<M0.800100100400
1,000I),««0
l,!»01. 1001,1100
.laoB...13-70...38-71...13-ra...ia-;3...13-74...lH-7.i
.. 1S-7B
...1BT7
...IS7S13-7a13-80
!«,80O 13-S3800 13-S4600.. 18-S.1
8,000 13- (<a
3,800 la-H?100 13-88SCO 13-ss
;
MO IS-UO»00 !3-()l I
33,800
Bales.400. .
700. .
600...(<00...
KOO. .
300.,800...
X:::»00...000...
ii,S00...
200....100...
2.000...,1,400...,500.
For Jaly.Cm.Ivh;
,.. . 13-B813-7113-7218-7313-7411-8113-K«13-r(7
13-CS13-W13-110
l.S-Bl
laift... 13-113
I3-llium400 H-00
12,200
For AugaBt.1,000 13-78200 13 ;»
Baloi.200100....100, ..
100....100. ...
1,100... .
100. ..
200200
1,001)
1.100....50050080020iJ
100SOO..
eta... ,13-Hi...ia-84
,
.. .13-80
.. yjtfi
...I^^^S
.. lH-93....law... l:l-ttS
...is-w
. .1S-M8...l.'i-iiy
...11-00
. 14-0-i...14-03...1404.. 14-00...14-07
IBalM,701
' ttnA
<00 14-10800 U-ll
For SeptemberI'W 1380200. .. 13-20
I
701800100. ...
MO800....
l.»«6
For October.
..13-2V.13-80.18-8S..13-88.13-40
800...aoo....800....8U0.. .
800....800....too....400..
,12-sa12-4012-4012-41>
12-riO12-8S
.. .12-54. .12-58
1,200 lv-58aou 12-871"<> 12^18100 w-eo
4,700
The following exchanges have been made during the week •
:?i Id.- {;; ^^:r j^'aTfS''^^eS*-i
•» '^- "> "•=" "~ •"•"• '- j-- •• »•
The following will show the range of prices paid for futuresand the closing bid and asked, at 3 o'clock P. M., on each day inthe past week.
Futures
Sat.
Ordln'y.finiStrict Ord.Good Ord,.Str. O'd OldLow MlddVBtr.L'wMidMiddling...Good Mid..Btr. O'd MidMIdd'g FairFair
Wed Tb.{Frl.
Ills im Illiall>2 iiij iim1115,8 1115|8'1!15,l'-i-'l8 123,8 123,8
r^'o. ,11212
1211,6 1211,fl1211,,
12^8' 1278" ,1278I3I8 13i« 131813^8 1338 13=813''« 1378 '137814=8 1458 14^^
Wed Til. Prl.
III4 im 1114It's 1158 ll-'sl'.ill« 121,8 121,8125,8 12»,8 125,812-'8 12-'5a 12581213,8 1213,8 1213,813 13 13I314 1314 13 14131a 131a 131214 14 1114% 14% 14%
113,811«,6
121412«,812%I2I5„133,6137,81316,,1411;.
W^ed
3loa.
11 •'18
ll"in12121412»1812%1215,c133,8137^813l4„
Taea
11
U
1158121,8
]^121.,,
13>4131a14
1411,614%
11141168
121l8125,612-'>8
1213,,.13I3I4:3'21414%
STAINED. Sat.
Good Ordinary ^ Tb-lw^Btrlct Good Ordinary ll^sLow Middlicg Ili5,8Middling. ..... Il238
mConI
Xttes
10781158ll"-5l,
1238
11016,6Il"l812il27i8
WeA1016,811.1,6
127,,
Th.
III4It's121 18125,612581213,6
I3I4
131a1414%
Frl
III41158121,6125,812681213,813I3I4
131a1414%
Marl<et.
Jan'ry .
'* s.n.
Feb'ry
.
March .
Api-il...
May ...
June....Inly.,,August,Sept'br.OctoberTr. ord.Closed
Satardajr.
Lower.
For Day. Closing,
BUI. Am12-75 77
12-87 881312 13
Fuiureii
Xh. Frl.
1016,61016,8l,l"l8Ulll6
l'-"l8 Il27,8
MAKKBT AND 8ALK8.
SPOT MARKETCIX>8ED.
Bat . . WealfMon .'FirmTuea . |Steady, adv.of 1,6Wed .! Quiet and tteauyThurs'XoniiualFrl. .DaU
Total !
SALES OP SPOT AND TRANSIT.
334i
200;
1071
34142512o34221.1210
641' 1.6.58
Spec-ul't'n
80
e'oo
680
Tran-sit. Total.
67542532,5422322810
2,97i)
Sales.
109,300178,300134.00091.100
102,80096,200
12,300
DeUv-eries.
9002,0002,3001,1001,000l.-iOO
8,800
Market,
Jan'ry" 8.n.
Feb'ryMarchApril..yiixy . .
.
Juiio..July..,August.Sept...OctoberTr. ordClosed
ffiuft. Lo*o.12-90-1 2-7812-91- —1310-1 2-8813-.35-13-1213-54-13-34(13-33 3513-73-13 52'l3-5] 5313-91-13-71 13-68 691400-13-87 13-79 8014-11-13-93 13-90 91
12-58-12-45I — -12-80Heavy.
nonday.
Variable.
For Day. Closing.
High. Ijcnc.
12-75-12-67
12-91-12-7513-14-13-0013-32-13-2013-51-13-3913-65-13-5413-74-13-6713-86-13-76
12-40-12-3812-90
Strong.
md. Ask12-85 87
12-94 9513-14 1513-33 34
Tueadar-
Higher.
For Daj.
Utah. Low.13-00-12-8313-0012-9013-11-12-9013-30-13-13]ia-17i83-18-13-31 13-37 38
CloMng.
Bid. A»k12-86 88
12-94 95
13-52 53 1,3-07-13-51 1356 5713-68 70!l3-3()-13-70;i3-71 7313-78 80il3-90-i;j-88:i3-82 S413-88 90 14-00-13-95, 13-92 94— —13-40-13-381 — —
12-56-12541 — —12-90
Steady.
Wednesdajr.
Firmer.
For Day.
Eia\. Low.12-97-12-82— -12-88
13-07-12-9413-29-131413-49-13-3413-6713-.5413-83-13-7013-95-13-8114-03-13-97
Closing.
Bid. Aih12-90 91
13-00«113-23 2413-43 4413 62 6313-78 8013-89 9113-99 •
Tbnrsdaj'.
Firmer.
For Day.
High. Low.12-99-1290
12-53-12-49 -12-95
Woalc.
1308-12-9813-30-13-2013-.50-13-3913-68-13-5813-85-13-7513-95-13-8614-02-13-0413-33-13-2012-57-12-.50|
1305Strong.
Closing.
Bill. Asl13-01 —
13-0813-3013-5013-68 7013-84 8613-94 96
Frldajr-
Lower.
For Day. I Closing
An.rA. Low. Bid. A»k13-01-12-92 12-84 8612-93- _ _ _13-1212-94 12-94 9513-35-13-17 13 17 1813-54-13-36ll3-38 —13-72-13-55il3-50 5713-87-13-7413-96-13-89
1404 06 14-0.5-13-9213-30-13-2912U0-12-5a
I'l
Easy.
13-72 7313-82 8413-93 94
90
The daily deliveries given above are actually delivered the day pre-vious to that on which they are reported.
For forward delivery the sales have reached during the week712,300 bales (all middling or on the basis of middling), and thefollowing is a statement of the sales and prices
For January. o„,„-. ^.. «_.__
Bales400.600.100.SOU.BOO.300.,200.400.200...700...
CtK.....12-67....12-8S....l'J-72....12-73....12-74....ri-75....i'.;-78
.. .12-S2
....12S3.l^-84
100 It-H5100 8.a.l.')thl2 88100 12-88500 12-00200i.n.l2ilil2-»l
,
200 12-1)1
200«.n,17thl2-B2100 la-U2400 12-1)3 I
100 12-H4I
200B.n.I4t111'.i-»5600 12-U5
•800 12-1)6'
200 8.11. 15111 12-lKl '
1,400 12-»a200 12-Brl00a.ii.lJitar<!U8400 12-1(8
300 1-2P9 I
100 s.n '.IthlSOO600 13-00100.. 1301
Il.OUO
For Fehrnary.1.600 12-751.900 12- ;61,100 12-771.200 12 7-!
400 12-79800 12-80
1,S00 12-820,100 12-834,»U0 12-848,600. 12-85700 12-6700 12-87
S.400 12-88.».700 12-HO
Bales.' ct,-.1,500 12-UOSOfl ja-»i
3,400.... ... .12-lK3.100 12-034,5110 12D13,B00 12-957,aix) ....12-963,300 1-2-97
4,000.... 12-B83.»0». ... ....12-993,8 ....13008,400 13-013,500 18-024,200 13-035,200. 13-047.1100 130510,900 18-(67,ft00 13-074,700 13-083,300 1309S(,900 13101,000 13-11800 ,3-12
131,000
For March.S,?00 13-008,900 13014,700 1.1021,600 1303BOO 13-04
1,800 13-037,800 1306
12,100. 13-0710.900 13083,100 130)1,000 l.S-10
1,600 13-115.000 ..,13121.900. W-ISI.OOO 13-14
11,600 1315I
10.500 13161
9,900 13-1714.800.... 13-18
1
5,900 13-1910,900 13-20
1
14,600 l.S-21110,800 .. 13-22
• No notice till the 15th. Sold Saturday.
Bales.B.800....
Cts. Bales. eta13-23 1,900.... 13-53
10,900. .. 13-24 1.800. .. 13-5415,800....14.900....
13-2513-26 160,700
13.-i00.,.. 13-27 For May.17,200.,.. 13-28 1,100.... 1.3-3914.200.... 13-29 1,100.,.. 13-4012.'I00. . .
,
13-30 TOO.... 13-414,400.,.. 13.41 100.... 13-125,000.... 13-32 too.... 13-441,100 ....1333 7,900.... 13-451.800 ..,.13-34 5,.S00.... 13-46400 2,800,...
600....13-47
268,600 600.,.. 13-49
_ For April.600.... 13-60800.... 13-51
4,200 1320 1,100... 18-524.800 1321 600 ... I3-.W2,300 13-22 1,800.... 13 541,900 :3-23 I.IOO... 13-55UOO 1324 1,000. .. 1356
1,800. ... 13-a5 1.100. .. 13-578,900 2.100....
7,m)........13-58
.... 13-59«,nm.. . ....13-276.500 ...,l.S-28 3.000.... 13-801,300 ....i.3-a9 4,.50«. .. 13-ni500. .., ....13-,-OT 5.5IX).,.. 13 02
2,200 ....1.3-31 3.000.... 1.3-631,600 .... ....13-:l2 2.000. .. . .. 13-64900 .... is-ai 5.400..... 13-65
2,0J0 ....13-34 i.soo!.... 13-665.N00 ....ia-35 3.000 1.S-H72,9002,>'00 ....
...I3-,t6
....l.S-371.00)) ... .13-6S1.500 1.3-69
5,200 ....13-3H 7,1001,900. ...
13-7013-714.800. .., ....13-39
5.700.,. ....13-40 300 13-726,400 ....13-41 200 13-734,600 ....13-428,500 ....13-43 80,2«04.500 ....13-449.000 ....13-45 For Jnne.
'
11,800 13-46 400900
.... 1.3-54
,...1.3-5512.600 ....13-477,900 ....13-48 1.100 13-564.101. ... ....13-49 2,300. ... 13(108.100 ....13 50 woo ....13-611,700 ....13-61 200 ..,,13-624,500 ....13-82 400 ....13-63
« 11-01
The Visible Supply of Cotton, as made up by cable andtelegraph, is as follows. The Continental stocks are the (ignrecof last Saturday, but the totals for Great Britain ar.d the afloatfor the Continent are this week's returns, and consequentlvbrought down to Thursday evening; hence, to make the totalsthe complete figures for to-night (Jan. 16), we add the item ofexports from the United States, including in it the exports ofFriday only.
1880. 1879. 1878. 1877.etockat Liverpool bales 501.000 421.000 392,000 049.000Stock at London , 47,323 49,250 19,000 41,250
Total Great Britain stock
.
548,323Stock at Havre i.. 54,970Stock at MarRcilles 1.324Stock at Barcelona 13.654Stock at HamouTK 1.700Stock at Bremen 1 2.202Stock at Amsterdam 32,232Stock at Rotterdam 1,225Stock at AntwerpStock at other conti'ntal ports. 3,800
473.250109.250
2,5007,0008.250
34.50028.7501 1 .7502.0004,000
411.000148.500
4.00042.0007.000
33.,50021,5009.2.503.5000,250
690.250160.750
3.00O48.00013.00044,00039.25010,5004.0008,750
121,107 203,000 275,500 331.250
681,25053,000
510,00026,000
834.136151.91016,000
ti86,.500 1,021,50054.000 54,500
726,00028,000
855.281141.96823,000
630,00077,000
896.31526,54721,000
Total continental ports.
Total European stocks.. ..
India cotton afloat for Europe.Amer'n cotton afloat for Eur'peEgyi>t,Brazll,&c.,aflt forE'r'peStock in United States pons ..
Stock in U. S. interior ports. . .
United Str tea exports to-day..
Total visible supply 2,376,864 2,272.302 2,517,749 2.826,862Of the above, the totals of American and other descrlpuoua are as
follows
:
A mcrlcan—Liverpool stock 363.000 .302,000 233,000 395,000Coutinontal stocks 80,000 135,000 215.000 232,000American afloat for Eiu-ope 511,269 510,000 726,000 630,000United States stock 895.366 834,136 855,281 896,315United States interior stocks.. 208.208 151,916 144,968 126,547United States exports to-day.. 16,000 16,000 23,000 21,000
669,43054.279
511,26922,312
89.5,366208.20810,000
Total American 2,073,843 1,949,052 2,197,249 2,300.862East Itidiatt, Bra:il, <te.—
Liverpool stock 138,000l/ondon 8t<X'k 47,3-23Continental stocks 41.107India alloat for Europe 54,279Egypt, Brazil, &o., afloat 2-2,312
122,00049.25073,00053,00026,000
159,00019.00060.50054.00021^,000
254,00041.25099,25054,50077,000
Total East India, &0 303.021 .323,250 320,500 526,000Total American 2,073.843 1,919,052 2,197,219 2,300,862
Total visible supply 2,376,864 2,272.302 2,517.749 2,826.863PrioeMid.Upl., Liverpool.... 716*. SSsd. 6%d. 6>»ied
70 THE (CHRONICLE. [Vol, XXXI
The above B(fure8 indicate an increase in the cotton in sight to-
night of 104,5t53 bales as comparedwith the same date of 1879,
de:reate of 140,833 bales as compared with the corresponding
data of 1878. and a deereoM of 449%99S bales as compared with 1877.
In the preceding visible snpply table we have heretofore only
Included the interior stacks at ihe 7 original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the fol-
lowing comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only the
old 7 towns. We shall continue this double statement for a
time, but finally shall simply substitute the 19 towns for the 7
towns in the preceding table.
Amtriean— 1880.Uverpool stock bales 363,000Oontliicntul stocks 80,000Aincrlraii Rfluat to Europe .511.-269
United Htiiti's stock '. 895,306Unlteil States intcrlurstocks.. 352 3S3United 8tat«8 exports to-day.. 16,000
1879. 1878.302,000 233,000135,000 215,000510,000 726,000834,136 855,281233,236 237,33016,000 23,000
1S77.395,000232,000630,000890,315214,05721,000
Total American 2,218,018 2,030,372 2,289,661 2,388,372
Haul Indian, Brazil, lie.— _ „,,„„«Llveipool stock 138,000 122,000 l!59,OO0 254,000London stock 47,323 49,250 19,000 41.2.50
Contliiputnl stocks 41,107 73,000 60,500 99.S50India afloat for Europe 54,279 .^3,000 54,000 54-500EfO-pt, Brazil, ic, afloat 22,312 26,000 28,000 77,000
Total East India, &c 303,021 323,250 320,500 526,000Total American 2,218,018 2,030,372 2,289,661 2,388,372
Total visible supply 2,521,039 2,353,622 2,610,161 2,914,372
These figures indicate an increase in the cotton in sight to-night
of 167,417 bales as compared with the same date of 1879, a
deeretue of 89,122 bales as compared with the corresponding data
»f 1878, and a decrease of 393,333 bales as compared with 1877.
At thb Interior Ports the movement—that is the receipts
tnd shipments for the week, and stocks to-night, and for the
corresponding week of 1879—is set out in detail in the following
statement:
Week ending Jan. 16, '80.1 Week ending J.-vn. 17, '79.
Receipts Sliipm'ts Stock. Beceipte Sliipm'ts Stock.
Augusta, Ga 4,303 3,850 18.114 4,015 4,755 22,129Columbus, Ga
—
3,127 2,320 21,835 2,573 2,631 13,591Macon, Ga 1,094 824 7,723 J, 177 1,704 5,737Montgomery, Ala 2,781 2,990 15,359 2,878 3,628 11,675Bebua, Ala 2,104 2,628 15,451 2,428 3,.^. 14 12,033Memphis, Tenn.. 15,129 11,059 115,515 5,721 9,411 77,058Kastiville,Temi.. 1,035 1,368 14,211 890 688 9,093
Total, old ports. 29,873 25,045 208,208 19,682 20,331 151,916
Dallas, Texas. . .
.
1,219 667 3,586 400 323 1,703Jefferson, Tex.*.. 700 550 600 800 650 3,450Blireveport, La .. 3,115 2,962 17,636 2,105 4,254 7,0(12Vioksburg, Miss. 4,8.^0 5,757 6,524 2,227 3.580 4,769Columbus, Miss.. 991 1,032 4,923 502 2,846 4,217Eufaula, Ala 1,665 1,388 3,872 1,666 1,031 3,517Griffin, Ga 942 1,190 3,364 702 1,033 1,879Atlanta, Ga 2,937 2,087 12,150 1,920 4,434 o,r.9SBorne, Ga 2,732 2,462 6,515 1,339 2,185 4.707Charlotte, N. C. 747 543 2,092 e48 763 539Bt. Louis, Mo.... 10,621 9.962 72,043 3,001 7,131 36,522dncinnatl, O.... 9,129 12,158 10,870 3,732 4,026 6,317
Total, new p'rts 39,654 41,358 144,175 19,102 32,804 81,320
Total, all 69,527 67,003 352,383 38,784 59,135 233,236' Estimated.
The above totals show that the old interior stocks haveincreased during the week 4,228 bales, and are to-night 5C,292bales more than at the same period last year. The receipts at theame towns have been 10,191 bales more than the same week lastyear.Receipts from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each•week from the plantations. Receipts at the outports are some-times misleading, as they are made up more largely one yearthan another, at the expense of the interior stocks. We reach,therefore, a safer conclusion through a comparative statementlike the following:
KECEIPTS FROM PLANTATIONS.
WeakM<Un(—
BecetptB at the Ports.
18T;-78
Oet. S....
" 10....
" 17....
" 81...,
" 81...,
Mot. 7...•• 14...
" 21..." S8...
J>te. 6...
" 18...
" 19...
" 89...
Jan. 8...•' 9...
r" 16..
Stock at Inter'r Ports
1878-7B
70.040
109,204
135,054
157.009
177.336
186,776
194,Sn
800.960
1M,216174.305
803,806
«S1,II»4
884,084
1«S,7S8
148,099
188.787
1879-80
130.990
148.158
160.233
102.236
157.280
188,874
178.004
181.878
184,025
220,748
880,291
199,961
143,155
121,081
113.013
162.303
168,408
181,714
214,461
245,013
225,08;
220.216
218.408
249,152
216.16'
234,870
1877-78
29,720
41,891
88.745
80,374
105,814
120,620
1878-79
458,823
79,597
97,887
115.034
U0.49S132,403' 174,583
136,941 [188,491
157,082 205,912
169,073 236,280
185.605 259,129
218,9071220,559,280.957
207,601 261,876:2W,281
154,306l25,3,239!28I,6Sl
U8,48BJa36,20;l:253.»47
129.4a9l2S7..18o'233.230
1879^0 1877-78 1878-79! 1879-80
52,207
08,913
81.227
85,683
115,730
133,805
187,120
218,998
204,183
287.109
317.408
343.503
364.826
355.943
348.859
a52.3S3
Rec'ptsfrom Plant'na
79,250 140,320 173,736
186,114
184,028
229,227
205,355
243.257
121.4,35 160,773
151,808 180.007
178,238:180,526
202,778' 174,427
218,582 217,338
200.351201,089 273.437
205,518' 195,284 2S0.280
182,357J202,046294,337
186,356:251, 116 239,093
219,397'243,14o!2«5,235
272,488 226,71o!244,942
258,851|213,305J229,024
157,I18'130,508|l46.323
125,1S3| 93,1041143,4021.54.814' 8^.20211.10 013
The above statement shows1. That the total receipts from the plantations since Sept. 1
1879-80 were 3,790,912 bales; in 1878-79 were 3,181,579 bales; in1877-78 were 3,015,394 bales.
2. That although the receipts at the out ports the past weekwere 129,4S9 bales, the actual movement from plantations was132,013 bales, the balance being added to stocks at theinterior ports. Last year the receipts from the plantations for thesame week were 93,202 bales, and for 1878 they were 1 54,814 bales.
Weather Reports by Telegraph.—The past week hasbeen unseasonably warm, with occasional showers in most of thecot on section.
Galveston. Texas.—We have had showers on two days, therainfall reaching twenty-three hundredths of an inch, but therest of the week has been pleasant. Owing to the unseasonablywarm weather all vegetation is budding. The thermometer hasaveraged 65, the highest point touched having been 75 and thelowest 47.
Indianola, TVkm.—There has been a drizzle on one day, andthe weather has been warm. Averagd thermometer 63, highest78 and lowest 48. The rainfall for the week is nine hundredthsof an inch.
Corsiema, Texas.—We have had a shower on one day and akilling frost on one night, but otherwise the weather during theweek has been pleasant. The thermometer has ranged from 84to 77, averaging 58. The rainfall is forty-four hundredths of aninch.
Dallas, Texas.—There has been no rainfall during the weekjust closed. The thermometer has ranged from 84 to 77, averag-ing 58.
Brenham, Texas.—The weather during the week has beenwarm and dry, with Spring-like temperature, the thermometerhaving averaged 60, and ranged from 42 to 75. Competition forlabor is running up the rate of wages. There has been somenegro emigration to Kansas from this place, but it has now nearlyceased, as some of the emigrants have returned dissatisfied.
New Orleans, Louisiana.—We have had rain on two days thepast week, the rainfall reaching forty-four hundredths of an inch.The thermometer has averaged 63.
Shreteport, Louisiana.—The weather during the week hasbeen fair and pleasant, the thermometer averaging 59, and rang-ing from 39 to 78. The rainfall has reached seventeen hun-dredths of an inch. Cotton is coming in rapidly.
Vickshurg, Mississippi.—It has rained on only one day duringthe week, the weather having ruled warm and dry.
Columbtis, Mississippi.—The weather has been warm and dry,rain having fallen on only one day, the rainfall reaching twenty-nine hundredths of an inch. Average thermometer 58, highest76, and lowest 40.
Little Mock, Arkansas.—There have been two clear dajrs thepast week, and rain on three days, to a depth of ninety-eighthundredths of an inch. The thermometer has ranged from 30 to71, averaging 48. Country roads are almost impassable, owing tothe continued rains.
Naslmlle, Tennessee.—Rain has fallen during the past week onone day. The thermometer has averaged 52, the highest being70 and the lowest 30.
Memphis, Tennessee.—Telegram not received.
Mobile. Alabama.— It has been showery two days of the pastweek, the rainfall reaching five hundredths of an inch. Theweather the balance of the week has been pleasant. Averagethermometer 60, highest 73, and lowest 39.
Montgomery, Alabama.—We have had no rainfall during thepast week. 'The thermometer has ranged from 41 to 74, averag-ing 53.
Selma, Alabama.—There has been no rainfall during the week,the weather having been fine.
Madison, Florida,—There has been no rainfall at this placeduring the week. The thermometer has averaged 5C, the ex-
treme range havilig been 25 to 75. About ninety per cent ofour crop has been marketed to date.
Macon, Oeorgia.—The thermometer has averaged 55 duringthe past week, the extreme range having been 84 to 75. Therehas been no rainfall.
Columbus, Oeorgia.—It has rained during the week on one day,the rainfall reaching thirteen hundredths of an inch. The ther-mometer has ranged from 44 to 74, averaging 57.
Savannah, Oeorgia.—There has been no rainfall during theweek, the weather having been pleasant. The thermometer hasaveraged 57, with an extreme range of 34 ti 71.
Augusta, Oeorgia.—During the earlier portion of the week wehad showers on three days, the rainfall reaching one inch andforty-one hundredths, but the latter part has been clear andpleasant. The thermometer has averaged 55, the highest being 71and the lowest 31. Planters are seniiing their crop to market freely.
Charleston, South Carolina.—Vfe have had slight drizzles ontwo days of the past week. Average thermometer 56, highest 68',
and lowest 33.
The following statement we have also received by telegraph,showing the height of the rivers at the points named at 3 o'clock
Jan. 15, 1880, and Jan. 16, 1879.
Jan. 15, '80.
Eeet. Inch.New Orleans Below high-water mark.. 4 10Memphis Above low-water mark... 31 5Nashville Above low-water mark. . . 15 10Bhreveport Above low-water mark... 4 1VioksbuTK Above low-water mark. . . 38 S
Comparative Port Receipts and Daily Crop Movement.—A comparison of the port movement by weeks is not accurate,as the weeks in different years do not end on the same day of themonth. We have consequently added to our other standingtables a daily and monthly statement, that the reader may con-stantly have before him the data for seeing the exact relative
Jan. 16, '79.
Feet. Inclu11 612 139 19 11Missing.
Jancabt 17. 1880.1 THE CHRONK.'LE. 71
movement for the years named. First we elva the receipts at
each port each day of the week endlnj^ to-nit;ut,
POBT BBCKIPTS FROM SATDRDAr, JAK. 10, '80. TO FRIDAY, JAH. 10, '80.
D-yg New Ho- nhar- Savan- Oal- Nor- Wil- Allof
we'kOr-
ieana.bile. lestou. nah. veafn. folk. ming-
ton.otUem. Totbl.
Bat. 8,425 1.761 2,100 2,787 1.562 1,619 214 1,043 20,411
Hon 5,501 2,751 1,745 3.976 1,999 2,020 71 4,069 22,132
Taes 8.505 2.096 1,081 3,097 1.632 2,550 116 2,038 21,127
Wed 4,843 1,844 1.713 3.239 1,367 2,382 124 3,534 19,046
Thur 6,976 1,040 2,015 1,622 1,072 1,597 94 5,374 19,790
Frl.. 6,450 3,249 1,982 3,433 1,235 2,335 69 8,210 26,983
Tot. 40.700 12.741 10.639 18.151 8,887 12,512 688 25,168 129,489
Th e mov sment aach montli e nee Se pt. 1 haH been ai follows:
Monthly Year Beginning September 1.
Beoeipta.1879. 1878. 1877. 1876. 1875. 1874.
Bbpt'mb'r
October.
.
Movemb'rDeoemb'r
333.643
888,402942,272956,464
288,848689,264
779,237893,664
98,491
678,533
822,493900,119
236,868
675,260
901,392787,769
169.077610.316
740,116
821,177
134,376536,968
676,295759,036
Total yearPero'tage
reoeipte
3.120,871
»f tot. port
Dec. 31...
2.651,013
59 60
2,399,636
55-21
2,601.28
64-42
2,340,686
53-85
2,106.675
60-24
This statement shows that up to Dec. 31 th« receipts at the
porta this year were 469.85S bales more than in 1878 and 721,335
bales more than at the same time in 1877. By adding to theabove totals to Dec. 31 the daily receipta since that time, weshall be able to reach an exact comparison of the movement for
the different years.
Tot.Do.
Jan. 1..
" a.." 3.." 4.." 5..
" 6.." 7.." 8.." 9-"10.."U.." 12..
" 13.." 14.." 15.." 16..
31
1879-80. 1878-79. 1877-78. 1876-77. 1875-76. 1874-75
3,120,871
15,776
30,208
30,790
S.
23.54S22,906
19,929
17,551
31,762
20,411
S.
22,132
21,12719,046
19,790
26,983
Total 3,445,830
Percentage of total
p'rt ree'nta Jan. 1
6
,651,013
9,614
22 22736.43714,949
8.
33,248
14,52814.394
20,016
23,926
13,778
S.
23,732
22,120
15,966
15,902
2.931.880
65-92
.399.636
18.351
30.235
18.957
31,491
20,055
S.
31,768
21,31917,401
19,321
29.232
27,093S.
33,738
16,553
26,386
2.744,539
6315
2,601,289
18,523
16,245
15,384
12,671
12.891
13,218
S.
27.877
14,735
14,174
15,706
19,31
19,037
S.
21,043
23,366
2.813,476
70-54
2.340.686
16.371
8.
32.192
25,94223,840
16,790
21,78
21,8128.
36,92532,478
21,893
23.215
23,147
19,512
8.
2,659,620
63-46
,106.675
26,517
11,389
S.
24,391
10,043
9,764
7,563
13,845
13.610S.
20,16415,122
10,014
17,361
18,978
8,906
EXPORTS TO COROPS VBOM AU. UfDIA.
2,317,407
66-27
This statement shows that the receipts since Sept. 1 up to
to-night are now 5H,951 bales more than they were to the sameday of the month in 1879, and 701,291 bales more than theywere to the same day of the month in 1878. We add to the last
table the percentages of total port receipts which had beenreceived to Jan. 16 in each of the years named.
India Cottok Movement from all Ports.—The figureswhich are now collected for us, and forwarded by cable each
,Friday, of the shipments from Calcutta, Madras, Tuticorin. Car-war, &c., enable us, in connection with our previously-receivedreport from Bombay, to furnish our readers with a full andcomplete India movement for each weelt. We first give theBombay statement for the week and year, bringing the figuresdown to January 15.
IIOMBAY UKCKIPTS ASD SHIPME'TrS FOR FOCR YEARS.
Shipments this week
Year
1880187918781877
Great Conti _ . ,
Brit'n. nent. Total.
1,000
i'.OOO12,000
2,000
3,6o6
3,000
7,6o612.000
Shipments since Jan. 1. I Receipts.
Great Conti-Britain. nent.
6.0004.0004.00013.000
3.0002.0003.000
Total.This SinceWeek. Jan. 1.
9,000 17.0006,000 11.0007.000 24,000
15.000,19.000
23.00026.00055.00028.000
According to the foregoing, Bombay appears to show an increasecompared with last year in the week's receipts of 6,000 bales and anincrease in shipments of 3,003 bales, and the shipments tinceJanuary 1 show an increase of 3,000 bales. The movement atCalcutta, Madras, Tuticorin, Carwar, &c., f* the same week andyears has been as follows.
CALCPTTA, MAI>RA.S. TnTICORty. CARWAR. RAyPOON AXD KURRACIIKE.
Shipments this week. Shipment.'? since Janu,-»ry 1.
Year. GreatBritain.
Conti-nent.
Total. GroatBritain.
Conti-nent. Total.
1880187918781877
2,000
'i,o66
3,000
8,o66
5,000
12,6o6
5.0004,00013,00012,000
6,0004,000
21.000
11,0008,000
31,00012.000
The above totals for this week show that the movement fromthe ports other than Bombay is 5,003 bales more than same weekof last year. For the whole of India, therefore, the totalshipments tliis week and since January 1, 1880, and for thecorresponding weeks and periods of the two previous years, areas foUowSt
Shipmentsto all EuroiMJ
from—
1880. 1870. 1878.
Thisweek.
SinceJan. 1.
Thisweek.
SinceJan. 1.
Tbl*week.
1,00012,000
SinceJan. 1.
BombayAll other porta.
3,0005,000
9,00011,000
6,0008.000
7,00031.000
Total 8,000! 20.000 14,000 13,000 41.000
This last statement affords a very interesting comparison of thetotal movement for the week ending Jan. 15. and for the threeyears up to date, at all India ports.
Alexandria Keceiptb and Shipments.—Throagh arrange-ments we have made with Messrs. Davies, Benachi & Co., ofLiverpool and Alexandria, we shall hereafter receive a weeklycable of the movements of cotton at Alexandria. Egypt. "Thi"
following are the receipts and shipments the past week and forthe corresponding weeks of the previous two years.
Alexandria, Egypt,Jan. 15. 1830. 1879. 1878.
Kocelpta (cantars*)—This week....Since Sept. I
125,0002,700,000
6r),000
1,205,00070,000
2,160,000
Thisweek.
SinceSept. 1.
Thisweek.
SinceSept. 1.
Thisweek.
SinceSept. 1.
Exports (bales)—To Liverpool 8,000
5,269174.000101,153
6,0005,000
88.00038,500
7.0003,000
15,000
164 000To Continent 97,000
Total Europe 13,269 275.458 11,000 l'i6,500 281,000A cantar is 98 lbs.
This statement shows that the receipts for the week endingJan. 15 were 125,000 cantars, and the shipments to all Europe13,3(59 bales.
Manchestkr Market.—Our report received from Manchesterto-day (Jan. 16) states that prices of shirtings and twists haveagain advanced and are now as given below, and ihat the mar-ket is active at the advance, sellers being indifferent. We leaveprevious weeks' prices for comparison.
1879-80. 1878-79.
328 Cop. 8»4 lbs.Cott'nMid. 32a Cop. 8I4 lbs.
Cott'nMid.UpldaTwist. Shirtings. Uplds Twlat. Shirtings.
d. d. a. d. a. d. d. d. d. a. d. a. d. d.Nov. 14 9H ®9'8 6 6 -37 9 6^8 7-'8a8% 5 6 a7 4I3 5>a
" 21 9H ®97e 6 4'337 71a 6^ 7''ga83. 5 6 ®7 4I3 515" 29 9?iai0>4 6 6 ®7 9 6-'« 3 ai8% 5 6 ®7 41a 5''l8
Dec. 5 10 alOJa 6 9 a3 6l3l6 8 ®8% 3 6 a7 413 54" I2io>«ai056 6 101333 lis 7 7%®8i« 5 3 a7 413 4^8" 19 10 ®10'8 6 9 '<*3 613,8 7=88314 5 3 ^7 419 5'l8" 26 10 aiO'e 6 9 as 6'^ 758a8l4 5 3 ®7 41s sC
Jany. 2 10 -slO'e 6 9 as 6ia,8 7'8a8=8 3 6 ®7 6 54" 91038810% 7 ®8 3 7l,« 7%a8ia 3 6 -37 6 ^"la" leioiaaio-'s? iiuas 4isi 7% 7'8a!<59 3 71437 71s 54Great Britain Cotton Movement for 1879.—Below we give
the imports, exports and stocks of cotton for Great Britain, as
published by the Liverpool Cotton Brokers' Association in their
annual circular. The figures for the previous year will be foundin the Chronicle, January 18, 1879, page 74.
1879.
DcAoriptlona.
LiverpoolI>ondon.
<Sic. Total. Lba.
1878.
Import^-AmericanBr.izllK^'yptian....Turkey, &c..W. India, Ac.SuratMadrasBengal andKangoon . .
.
2,393,56077,190
252,880690
83,900246,580
10
16,610
28,920300
2,620
3,64616,570106,460
116,900
2,427,48077,490
253,500690
91,940263,150109,470
133,510
449181629380160387310
310
1.089.938.52014.025.690
160.709..300262,200
14,710,400101.339,05033,935,700
41,388,100
2.232.660126,470182.670
1,27040,610
33-2,1.50
82,330
17,680
Total year...
Coitfumpt'n—AmericauISiazil
KfiyptlauTiu-k.-y, &c..W. India, &o.East India ..
.•1,031,420
2,122,44091,9.30
137.520690
64,300184.250
277,810
23,130
i;340
"66641,190
3,359,230
2,145,57091 950
188,360690
64,360225,440
434
449181B29360160333
440
4491816-29
380160359
1.450,809,160
963,360,93016,642,950
118,792,940262,200
10,377.60086,343,320
3,015,840
2,114.030138,010218,7701
1.2.S037.110
196,110
Total year.
Export—AmoricauBrazilKityptian—Turkey, &e..W. India. »&c.
E. India, &c.
2,651,150
149,6103,0.30
11,131)170
11.640100,800
66,220
3,676304,250
2.717,370
149,6103,050
11,1-30170
15,310305,050
1,195,780,140
67,174.89(155-2,050
7,000.77064.600
2.449,600109,512,950
2,705,310
139,6304,240
14,900
la/j'io191,030
Total year.
Hlock Dee. 30.AmericanBrazilKsyptianTiii-key, lic...
W. India, &o.Surat
276,400
338,29010,58079,080
26,696
33,900
207,920
'"330
42,580
434,320
338,29010,58079,080
386
449181629
186,754.860
151.392,2101,914,980
49,741,320
3,37i',266
28,063,160
363,710
199.50020,98043,640
10021,070
76,480
160
367
8,300
MadrasBengal andRangoon . .
.
93,330
Total Dec. 30 48-i.5t0 42.960 .325.500 447 234.987.870 372.950
72 THE CHRONK^LE. [Vol. XXX.
KOTIMATEU STOCK nElJ> BT gPISKEBS AT THE CLOSE OF EACH YEAR.
Description.
AmericanBnull ,•
Egyptian I
Turkey, &c >
Westlndim&cBurnt )
Madras >BcngiiliSiR'iUgoou. )
Total
1879.
65,0003,000
40,000
2,000
5,000
115.000
1878.
73,00010,000
18,000
2,000
7,000
110.000
1877.
80,00015,000
20,000
3,000
15,000
133,000
1876.
115,00020,000
20,000
3,000
27,000
185,000
1875.
65.00013,000
34,000
3,000
20,000
135,000
MONTHLY IMPORT INTO UVERTOOL IN 1879.
Janu'ry
American—Atl. ports.Gulf ports
Total...BrazilEgyptian...Turkey uud
Gi-eeec . .
.
'W.Indin.&o.East India.
Grand totAl.
179,762126,088
Febr'y.
150,315147,850
305,8504,611
32,014
17,4205,833
298,1656,851
22,447
4,771S,686
365,728 340,920
March.
93,020138,307
231,32710,75121,335
183,062
22,179
288.672
April.
79,981168,496
248,47713,5398,407
1083,707
14,553
238.791
May.
70,584157,702
228,28610,94618,037
3995,562
32,010
295.240
June.
59,46676,426
135.8923,9334,171
1314,188
49,631
197.946
JiUy.
33.66620,826
54,4024,9471,299
228,281
35,731
104.762
American-Atlantic PortsGull Ports
Total.....BrasllEgyirtianTurkey and Greece..West India, &cEast India
Grand total
Auii'st
24,48917,636
42,1253,1521,574
1010,89041,747
99.408
Sept'r.
31,3312,184
Octohcr
33.5153,0261,585
5,62514,009
57.760
166,65827,563
194,2213,579
17,693
12',2'81
28,307
256.081
Nov'r.
169,87092.946
;62.8165;666
49,350
4,9553,702
326.489
Dec'r.
215.564147,827
363,3916,193
74,965
8,i576,827
459,533
Total.
1,274,7061,123.851
2,398,56777,194
252,877688
88,899263,205
3.081.420
The weekly sales, imports, exports, stock, aud prices, in Liv-
erpool, have been as follows:
Reported weeklysales and forwarded.
Sat«. To thetrade.
1879.Jan. 2 .
9...16 ..
23..30...
Feb. 6..13..20..27...
Mar. 613..20..27..
Apr. 3..9..
17..24..
May 1..8..
15..22..29..
Jane 5..12..19..26..
July 3..10..17..24..31..
Aug. 7..14..21..28..
Sept. 4..11..18..25..
Oct 2..9..
16..23..30..
Kov. 6..13..20..27..
Dec. 4..11..18..30..
Specu-lafn &expoj't
34,19065,60065,05063,58048,71047,37044,27041,38019,58048,23056.06065,93061,46064,49055,79052,42052,65071,7.5073.93058,24041 ,06035,97034,78039.21037,13038,48039,77039,62035,29036,29041,66033,14046,1,3057,51052.32044,33042,69033,23043,72042,39041,38043,10055,85030,87055,63075,08063,28071,42061,56065,07058,16075.380
Totalsales &forw'd
7,2509,3808,3808,2305,8605,0505,7206,3906,7706,6708,470
13,55018,24011.19010,30013,7109,660
12,69017.17013.33015,2505,2604,8205,3806,7304,2805,4706,1504,7306,4505,5204,8208,6(07,3409,7106,7309,4106,7106,2405,5703,6602.760
11,92010,3407.990
16,6304,11012.6709,350
11,9508,0209.530
41,44074,980.•3,43071,81054,57052,42049,9S)047,77056,35054,90064,53097.48079,70075,68066,09066,13062,31084,44091,10071„57056,31041,23039,60044,59043,86042,76045,24045,77040,02042,74047,18037,96054,79064,8.5062,03051,06052,10039,94049,96047,96045,04045,86067,77041,21063.62091,71067,39084,180'0,91077,02066,18084.810
<1
9,73212,6644,6778,0704,4995,8793,9525,6332,0286,5543,8478,5814,7835,0114,9987.0205,0694,1084,4215,17'
3,794,3453,39'"
4,5733,7153,5335,8093,4624.8013,3623,01"5,6015,7246,2084.0556.4026,4203,7847,8212.6414,8033,7153,3583,2503,8844,8224,1965,1718,7586,3539,1109,913
a
134,02909,77586,63935,16940,11689,12595,13992,18364,47394,28056,71789,35348,32298,55469,9220,77099,543104,39741,02029,73646,54773,54034,51736,85254,97471,60332,2929,96716,27214,44631,78513,60418,28931,10546,50012,08011,16117,21417,30531,50825,77750,00468,14580,64781,75671,96676,73996,02892,10164,374101,110201.948
a-M
415,160406,830423,920387,440374,730410,640457,690502,H80515,820555.520552.380567,220549,310578,360587,.500548,850606,320635,310,598,740565,570566,480601,130597,480590,780606,020635,610622,400589,340565,770540,610527,720.502,620469,310426,750410,930378,570340,660321,060246,300232,84(1212,540216,430226,4.50273,290295,560287,670296,990316,860338,650331,800365,640482,540
Prices.
A.
7%88I9
8%87''s7:<4
7%7587I2
7h7=87^88%8%8=88=88%8%8%8=88^88»2SHSH888
d.4I164144=164%438
ihe4'>16
4^16
46u45,6
4384>a4»164%4'84 '8
518
5«ip5=8
5'l659lP59lf5I2
51u5m,5'l6538
5I4
53a53l651455,6
56
53i65%5%5%5^85I8
53i,53,,o^51a5»a59,,5=85»,(5=8
d.5385»16561656165^16
55i65385=165385=16533
5»i,l5l3i651=1661166386386^26''8
7I18
73,6
6'3i67.16
6^86 ''6
615i66'8
6"3i669l66?166=1663869,66l3i8613,6
613i66=8(j^2
6=86II166II106''g
61 = 166%6''8
61=16
613,6615,6
The above table shows that the highest point of the marketfor American cotton during the year was on the 30th October,when Middling Boweds were quoted 7 5-16d. per lb., and theiateest point during January, February and March, when thequotation was 5 5-16d. The average value of MiddlingBoweda has been 6 5-16d., and Fair DhoUerah 5d. per lb,
TENDENCY OF MABKET DURISO 1879.Jan. 2—The year opened wlthaflna market. Middling Boweds 5M
fair Dhollerah 4 iied. Bank rate 5 per cent.Jan.9—Opened with good demand, but closed dull. American iisd to
Hid. lower; Surat led. higher. Export buying."'^"""^ I6u- lo
Jan. 16—Bank rate 4 per cent. Fair general demand. American freelyoffered, but steady. Futures 1,6 liiglier.
.lau. 23—Opened tlruicr, improved demand; closed quiet. Americanand futures uneliaiiged. Manchester improving.
Jan. 30—Bank rate 3 per cent. Market dull; moderate business. Amer-ican lifid. lower. Futuics flrniei-.
Feb. 6—Quiet market, with fair bUKiness. American unchanged. SuralI i6d. to led. lower. Futuies hardening.
Feb. 1.3—Fair inquiry ; business rcstiictcd owing to dock laborers'strike. American iisd. higher. Egyptian igd. and futures ijod. lower.
Feb. 20—Market dull and drooping. American and Surat decliued tied.,
Brazil "sd. Futures stciuly.Feb. 27—Limited buciiiess, but firmer tone. American 'isd. higher.
Futures firm. Maneliester dull.
March 6-Market continued inanimate and freely supplied. Spot de-clined i,6d. to >8d. Futures i,6d. lower.
Mai'ch 13—Hank rate 2^2 per cent. Improved demand for American,which advanced i,Ad. Futures ii«d. higher.
March 20—Active market. American strong and 3i(,d. higher. Futuresadvanced 3 ijd. to HA. Manchester steadier.
March 27—Largo demand for trade and speculation. Spot i»nd futuresgenerally >4d. to 38il. higher.
April 3—Good business at advancing rates. Americ.'in ^ed. to Hd.,Egyptian i4d., Surat ^ed.. and futures igd. higher.
April 9—Market ojiened active, but became quieter. Spot cotton led.,
futures 3i6d. highcir. Manchester flmi.
April 17—Bank rate 2 per cent. Market strong, with extensive demand.American advanced Hi. to =i6d. and futures Sj^d.
April 24—Market opened quiet and easier, but recovered, and closedfirm. Manchester steady.
May 1—Active inquiry, with good business. Spot cotton advanced igd-
Futures ''•j2d. to Ud. higher.May 8—Strong market; large buying for trade and specHlation. Spot
generally 38d., futures Sigd. higher.May 15—Opcued flat and lower, but improved; long staples closed >6d.
to HA; Surat iisd. to %d., futures 932d. higher.May 22—Fair business at hardening rates. Siiot cotton HA., futures
iind. higher. Manchester firm.May 29—Moderate demand, limited business and declining prices.
Amei-ican ^A., Surat %d. to i4d., futures 3,^d. lower.June 5—Market opened ttriu and became active. American advanced
HA. and Surat lind. Futures lied, higher.June 12—Quiet mai-kct, with downward tendency. American ijed.,
Egyptian ^sd. lower. Futures closed steady.June 10—Maiket dull, with moderate inquiry. American declined igd.,
Egyptian 3igd. and futures %d. Manchester steatly.
June 36—Opcued steaily. with an advance of Siad., but became dull, andadvance was lost. Futuies i.iad. lower.
July 3—Limited demand, downward tendency. Egyptian pressed andi4d. lower. Others declined ' lod. Futures 1.12 1- higher.
July 10—Opened firmer, but cottou being pressed for sale, market closedslightly easier. Futures declined HA.
July 1'7—Maiket dull, with continued pressure to sell; siwtiied. lower.Futures steady. Mauchester (luict.
July 24—Market dull and deprcs.sed. Americ.'in Md., Surat "tid. lower;EgTptian excoptiouall.v steady. Futures Sjgd lower.
July 31—Opened flat, but became steadier, though with limited demand.Spot unchanged; futures liqd. to 'ed. lower.
August 7—Great depression, owing to American advices. American de-clined HA., other kinds %d. Futures 3igd. lower.
August 14—MarlkCt opened heavy, but Improved, and American ad-vanced i;6d. Futures firmer. Manchester steady.
August 21—Active demand .at hardening prices. American ^igd., S uratHA. ; futures 'lod. to isd. higher.
August 28—Continued improved demand. American advanced Hd.,Surat lied.; Egyptian ^sd. lower. Futures ^d. higher.
Sept. 4—Market quiet, with moderate business. Siwt steady ; futuresSjgd. to HA. higher. Egyptian led. lower.
Sept. 11—Fair demand at steady rates. Spot unchanged; futures lied.
to igd. lower. Manchester dull.
Sept. 18—Limited business, with some pressure to sell. American andSurat 3,gd., Egyptian i4d., futures hed. lower.
Sept. 25—Opened dull and depressed, but became firmer. Egyptianirregular and 38d., American igd. lower. Futuies lind. easier.
Oct. 2—Market opened strong and advancing, but closed flat. Americanadvanced isd. Futures hed. to %!. lower.
Oct. 9—Opened heavy, demand revived, and with little oflToring Amer-ican advanced ii^d. to led. Futures led. higher.
Oct. 16—Fair inquiry, with moderate business. Spot steady. Futures3]gd. higher. Manchester improving.
Oct. 23 Good demand. Large Egyptian buying. American sparinglyoffered and led. to ^m^., futures Siod. to i'32d. higher.
Oct. 30.—Limited business. Great scarcity of American, which advanced=16 to ",6d. Futuies excited .and =,6d. higher.
Nov. 6.—Bank rate 3 per cent. Moderate business. American daclined9,6d. owing to increased supply, futures ii.^d. to led.
Nov. 13.—Extensive dem,aud at .advancing iirices. Spot ^igd. to i4d.,
futures i4d. higher. Manchester hardening.Nov. 20.—Market quieter, with abundant supply offering. American
led. to 3md. lower. Futures slightly cosier.
Nov. 27.—Opened inactive, but demand Improved. Spot igd. higher.Futures active at s.gd. advance. Manchester strong.
Dec. 4 —Market opened quiet, but became animated. Spot 'led. higher.Extensive future buying .at ^mA. to i4d. advance.
Dec. 11.—Opened with good demand, but closed dull. American lied.,
Surat led. higher. Futures i,ed. lower.Dee. 18.—Market flat, with considerable pressure to sell. American Sigd.,
Egyptian HA., Surat lied., futures led. lower.Dec. 30.—Market closed quiet. Middling Boweds 6 iSiod., Fair Dhollerah
5=8(1. Bank rate 3 per cent.
Gdnny Bags, B.^gging, &c.—Baggjng has been quiet again,
and there is a falling off in the demand at the moment, but
holders anticipate a better trade shortly. Prices are weaker,
and lower figures are being quoted ; If lbs. is to be had at 9@9^0. ; 3 lbs. at 10c , and standard qualities at lie.—these figures
being accepted for 1,500 rolls. Butts continue to sell freely, and
the inquiry continues, "rtie transactions for the week are 14,000
bales spinning grades at 3@3ic., though only a few lots were
gold at the lower figure, 3^0. being about the average price ac-
cepted ; and at the close dealers are quoting 3i@3Jc. as to grades>
though there are a few parcels which can still be picked up at a
shade under these figures.
The Exports op Cotton from New York this week show an
increase, as compared with last week, the total reaching 3,954;
bales against 1,441 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1879, and in the last column the total
' for the same period of the previous year.,
Jakcart 17, 1880. J THE (JHRONICLE 73
Exports OF «ottok (nxLtg) from New York bimck Sbit. 1, 1979.
Kxported to—
J/iverpool ,
Otber BritUb iiorU.
Total to Qreat Britain
HuTTeOther French port*.
TOTAI, Fhkkoh
Breiuon and HanoTer .
HanibtiixOther ports
Week endlDK—
Deo.24.
130
Dec.31.
4,295 3,006
Jan.7.
876
4.431
158
158
6941,201
Total to North. Europk
Spain, Op'rto, Gibralt'r,AcAll other
Total Spain, &c .
Orand Td»iL
1,805
3,006
517
517
200
876
204
204
254
'i07
200 361
Jan.14.
TotAl todate.
t,8Bl200
3,121
400433
833
189,1886,606
191,794
16,621
16,621
17,28810,4702,124
2d,89l
3,200
3,206
6,484' 3,733 1.441 1 a.O.^ 241.512
BamnIiertodprevi'myear.
143,6314,252
147,883
9,579100
9,679
10,2051,202635
12,012
3,660
3,6G0
173,204
The Following ark the Receipts op Cotton at New York,Boston, Philadelphia and Baltimore for the past week, and sinceBeptamber 1, 1879:
Beoeipt8from—
X. OrrauBTexasSaraiinahMobile...Florida . .
S.Car'UnaN.Car'linaVirginia..North. pt»Teiin., Ac.Foreign .
.
This year.
Ijk8tj-car.
New York.
Thisweek.
SinceSept. 1.
5,601 86,0396.529 69,6152,920 149,301
"bo 4.7431,701 90,748240, 32,455
12,107 160,203116i 5,578
12,292 110,2801201 1,733
Boston.
Thisweek.
3,676
"602
41,719,710,698
2,5106.0769.741
SinueSept. 1.
10,606
24,.V66
Phlladelphht.
This Sinceweek. Sept.l.
1,131
35.07589.67598,532
22,638,258.454
22.205 514,5221 6,.391 153.269
3,339
1,470
2,10«
2,57512,35^
65
36,744
51,741
10,602
Baltimore.
This Sinceweek. Sept. 1.
2,852
462417
2,612392
6,765
2,031
32,767
7,2557,129
59,655392
10,000
117,197
37,951
2,801260100433
Shipping News.—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached86,859 bales. So far as tlie Southern ports are concerned, theseare the same exports reported by telegraph, and published inthe Chkoniclb last Friday. With regard to New Yorit, weinclude the manifests of all vessels cleared up to Wednesdaynight of this week.
Total bales.New YORK—To Liverpool, per steamers Republic, 317.... Hel-
vetia. 271.... Ix)rd Syndhuret, 600. ..OcUic, 725....B,^ta-vla, 36 City of IJnisBuls, 268 City of New York, 614.
To liOndon, per steamer France, 260To Bremen, per stCTinicr Wescr, 100To Hamburj;, per steamer Gell<'rt. 433
New Oklkans—To Liverpool, per steamers Buenaventura, 1.010llayllan, 1,109 Andean. 4.4.">5 Texas, 4,679
Commander, 3,718 per ship Lady Dulferin, 1,401 perbark Iteynard. 2,998 28,400
To Cork, per bark Conrad IlelliorK. 810 810To Cork or Falmoutli, for orilcrs, per bark Caspar!, 1,474 1,474To Rotterdam, per sliip U^'Rlan. 1,190 1,190To Sebastapol, per steamer Bertha. 0,530 6,530To Barcelona, per bark (Jinsto, 898 898To Veracruz, per steamer City of Mexico, 1,100 1,100
Mony-K—To IJverpool, per steamer Mobile, 3,701 per brigHeinrich, 811 4,518
Charleston—To Liverpool, per steamer Mayagnez, 2,2.50 Up-land per ship JJvangeliiie. 3,013 Upland and 336 SeaIsland 5,629
To Barcelona, per bark Nneva Borinquen, 1,266 Upland 1,266Bavannah—To Liverpool, per ship A rilmorc, 1,362 Upland
per bark Riilph B. I'eake, 2.8»7 Upland 7,169To Havre, per brig Klisa, 1,000 Upland 1,000To Bremen, per bark Telemach, 2,230 Upland 2,2,30To Amsterdam, per liark Messel. 1.111 Upland i,411To Gothenburg, per bark All, 1,164 Upland 1,161To Barcelona, per bark Resnelta, 1,700 Upland 1,700
Texas—To Liverpool, per ship Herman, 1,520 4,520To Genoa, per brig Minerva, 1,110 1,110
Wilmington-To Liverpool, per bark Bessie Parker, 2,720 2,720Norfolk—To Liverpool, per ship Rhine, 4.020 1 4,020Baltimobe—To Uveri)ooI, per steamers Hibernian, 903.' . . .Call-
fornlan, 403 Prussian, 983 2,289Boston—To Liverpool, per steamers Massachusetts, 152
Marathon, 100 Bohemian, 470 723Philadeu'Ula—To Liverpool, per steamer British Empire, 1,005 1,005
Total 86,859
The particulars of theae sUipmeuts, arranged in our usualform, are us follows:
Bremen, Got- Genoa ALiver- Am'dam Sebas- hen- Barce- Verapool. Havre. & R'dam. topol. burg. lona. Cruz.
1,164
898 1,100
1,2661,700
New York... 2,861 .... 833N. Orleans ..28,400 1,X90 6,530Mobile 4,548 ..>Charleston . . 5,629Savannah... 7,169 1,000 3,641Texas 4,520 ' ' 1.110Wilmington. 2,720Norfolk 4,020Baltimore... 3,289Boston 722Philadelphia 1,005
Total... 63,883 1,000 5,664 6,530 1,164 3,861 2,210 86,859" Included In the above totals are : From New York 260 bales to Lon-don, and from New Orleans, 2,281 bales to Cork and Falmouth.Below we give all news received to date of disasters to veesels
carrying cotton from United States ports, etc.:
Hausa, steamer ( Ger.), Danueman, which went ashore on the Island of
Total.3,951
10,1021,5186,895
14,6745.6302,7204,0302,280722
1,005
Tcrschclling on Jan. 4, was breaking up on the 7th, and the tugsthat had gone to her assistance bad left her.
8ECOMM) llAUKKHAS, Steamer (Mpan.», fnnn Charleston for Barcelona,which put IntoHt. Mlcbiielswlth machinery damaged, soiled tbeiioaand »rrlve<l at Bareelouu Jan. 7.
Orie.nt. «blp, Allen, from New Orleans, and steamer City of Baltimore,from Itouiliay, were In collision offCanotla Dock, LiveriMMil, Dec.27. The former liiul bowsprit carrle<l away, cutwater and steui cotuittr, and other damage.
Enchanthkss, bark ( Ilr.i. at Havre Dec. 27th from New Orleans, beforereported, with a cargo of cotton and grain for Rouen, reiwrts hav-ing lal)oi€!d and strained during heavy weather Dee. 19.
North Cah<>li.-<a, bark (.599 tons, of LiveriHKj), llniliAii, from Baltimore,with 60O bah's cotton, <ke., for Lh eriKMd, whleh put Into BermudaNov. 21st in distress, repaired, sailed, put back leuky, and atA.M. of Jan. 1st was seen ashore on l»ng Bar, to the westward ofthe Island. At tin- time of going ashore she had 1 or 5 fe<a ofwater in her hold. 8be afterward rtlled, and on tin- Hth was full ofwater. Atiout 400 bales of cotton hav<! been Iande<t dry and »small imrtion of the other cargo ; the greater portion will l>c a totalhiss. r\u- vessel has lieen striiipcl and nniterlals taken ashore.The hull will probably be a to'al loss. The N. C. had Immiu asbomon the North Carolina coast in August, 1879. Her iHittom wa*only repiiired teuiporarily In Baltimore. She sailed In her thencondition with the sanction of the underwriters.
Sarah Doi;oi.ass, tiark ( Hr.), Mcl>ean, from Galveston Oct. 21 forLiverpool, has put Into Fayal wltli her rudder damaged.
Serena P. S.MiTii, brig (290 tons, of Bangor), Trim, from New OrlcanaDec. 17, wltJi 216 bales cottim for Providence. B. I., Is reportedfrom Newport, R. L, on Jan. 13, as ashore at Batemans Point.
Cotton freights the past week hare been as follows:
Liverpool, steam d.
Do sail...(f.
Havre, steam e.
Do sail e.
Bremen, steam, .e.
Do Bail e.
Hamburg, steam c.
Do sall...<:.
Amst'd'm, steam.e.
Do Ball*. ..e.
Baltic, steam d.
Do sail d.
Satur. Mon. Tues. Wednes. Thurs. Frl,
'is® '4
'le
^s'*...'
"a
=8®...'
a>..
Hi
»8»..."
«8»..
H
H
'l«®'»32a..
'ieai'4
Hi»8a>...'
Hi
%..®....
''l«®153»
Og®...'
VHi
»»»...'
H
'is»">j,a..
»1«»'4
%
''is®"si
' Compressed.
Liverpool.—By cable from Liverpoo', we have the followingstatement of the week's sales, stocks, &c., at that port:
Sales of the we*k bales.ForwardedSales AmericanOf which exporters tookOf which speculators took..
Total stock—Est ImatedOf which American—Estim'd
Total import of the weekOf which American
ActuM exportAmount afloatOf which Araerieau
Dec. 19 toDec. 19. Dec. 31. Jan. 9.
52,00011,00045,0006.0002,000
366,000250,000101,00083,0009,000
384,000341,000
65.00019,00053,0007,0003,000
183,000338,000202,000156,00010,000
333,000299,000
Jan. 16.
76,00028,00056,0006,0001,000
521,000387,000113,000130,000
7.000370,000215,0001
62.00O21,00048,0005,0001,000
.501,000363,00058,0<M41,0007,000
290,000268.000
The tone of the Liverpool market for spots and futures each day of theweek ending Jan. 16, and the daily closing prices of spot cotton, havebeen as follows:
Bpot.
Market, )
12:30 P.M.j
Mid. Upl'dsMid. Orl'ns.
Market. )
5 P.M. ^
SalesSpec.&e.vp.
liiluret.
Market,5 P. u,
Saturday
Mod. inq.freely
supplied.
77^
10,0002,000
Monday.
Easier.
7>8
10,0001,000
Steady.
Tuesday.
73l8
12,0001,500
Barelysteady.
Wednes. Thursd'y
Activeand
firmer.
7^
18,0002,000
7i8
7^
12,0001,000
Friday.
7%74
8,0001,000
The actu.^1 sales of futures at Liverpool for the same week are givenbelow. These sales are on the basis of Uplands, Low Middling cuuise,onlesB otherwise stated.
Delivery. d.Jan 63I32
Jan.-Feb 63I32
Feb.-Mar 7I32
Mar.-Apr.. ..7iis'a>332
Saturday.
Deliveiy. d. I
Apr.-May 7>a®»3j|
May-Jujie 7»i8Jan 7Jan.-Feb 7 I
jroJiDAT.
Delivery.j
Delivery.Jan 6i6i6S'^2 I
Apr.-May 7Jfl®S33Jan.-Feb t>2i32 MayJune 7'>32»3,jFeb.-Mar 7132®^ | June-July 7^32
8'63i32®7I
July-Aug., 7>iMar.-Apr 7i3s®ii8
IApr-.May 7^
Tuesday.
Delivery.June-July 7»s2®5jjJuly-Aug 7^8Feb.-Mar 7^6Mor.-Apr 7Si«
Deliveru.Jan.-Feb 7132^116Feb.-Mar 7ii6®'.i2Mar.-Apr 7^**32Apr.-May .. ..73i6®''32May-Jtme 7»j2®^
Jan. .7>i
Delivery.VM_
Jan.-Feb 73s2®il8Feb.-Mar 7»a®*32Mar.-Apr 73ia®532Apr.-May 7''32
Wednesday,
Delivery.May-June 7l'3a
June-July 'timFeb.-Mar 7ligMar.-Apr 7>8Apr.-May 75i»
Delivery. d.Mar.-Apr 7'aMay-Jime 7^s^June-July 7»s3
Delivery.Mar.-Apr 7ts»May-June 753JApr.-May 7»3jApr.-May 7'a
Delivery.May-June 7».'jj
Aug.-Sept 7718June-July 71'j»Mar.-Apr 7^3^
IDelivery.
I May-June THIJuly-Aug 7%
I Feb.-Mar 7S„May-June 7''s«UuneJuly ?»,•
74I'HK (JHIIONICLE. 01. XXX.
JMitery. <!•
J»n.-Feb 7'i«r«b.-Mar '''32*^Mar.-Apr ^Ha
Vtllteri/.
Jan >h»jBn.-Fcb i'i«
Feb.-Mar "ipaMar.-Apr (O32
TiinnsDAT.DelUery. d.
Apr,-M»y 7J;i2May-June '*a2Juuc-Jiily ""le
Friday.Delitieni.
April-May . ...77.,»®3i6
Ma}--Jiiuo '"as? *Jiuic-July vRiBFeb.-Mar 7Hi
DeUtery.F«b.-M»rMayMay-Juno
JieUvery.MayJune-JulyJuly-AugAug.-Sept
d..7''32
.73io
.7»4
.7T32
.711s2
.7I3:,3
.71i6
BRE ADSTU PPS.Friday, P. M., January 16, 1880.
There has been an important decline in prices of flour, amount-
ing in most cases to 25@50c. per bbl. The depres-sion has been
most in low grades, which have heretofore been best sup-
ported, maintaining a comparatively narrow range of values.
Production is not large, and at the decline there have been
large lines taken for export. To-day, the market was dull, but
without important decline.
The wheat market has materially declined. Prices gave way
Bharply on Wednesday afternoon and Thursday morning ;No.
3 spring sold at §1.33, in store ; No. 2 red Winter sold down
to fl.44®$1.44}6. spot and January ; $1.46^@$1.47 for Feb-
ruary, and $1.49 for March ; No. 1 white down to $1.44^ for
February and $1.47 for March. From these figures there was
some recovery last evening, but with some anxiety among
holders, owing to excessive stocks, increasing supplies, and
inadequate demand. To-day the market was steadier, though
quiet, No. 2 red winter closing at $1.47@$1.47?6 for February,
and $1.50@$1.50J6 for March. After 'Change No. 2 red Winter
sold at $1.49M for February and $1.52}^ for March.
Indian com has been rather firmer on the spot, with more
Steadiness in futures. No. 2 mixed sold yesterday at 59M@61c.
in store and afloat; 59Mc. for February and March; but offered
at 58c. for May. Supplies of new corn of near-by growth, are
increasing, causing some irregularity, and widening the range
of quotations. To-day there was no imporlant change. Futures
closed weak. No. 2 mixed selling at 58^c. for February, and 5-:c.
for March.
Rye has declined, leading to more activity, several boat-loads
of prime selling at 93@93>^c. afloat. Barley has been dull,
and prices are more or less unsettled. To-day, 4-rowed state
Bold at 77(g85c. Oats have materially declined, although the
demand is very fair. Yesterday, No. 2 mixed sold at 48Me.
The market to-day was dull and No. 2 graded closed at 47Mcfor mixed and 47^c. for white, with sales of No. 2 mixed for
February at 47)^@48c.
The following are closing quotations:
PLOUR. GRAINHo. 2 ^ bbl. $4 00® 4 40Supci-flno State andWestern 4 S.">a 5 30
BpiliiK wheat extras.. .> 50® 5 85do XX and XXX...
Winter Rhipp'Kextnia.do XX and XXX...
MinnesotJi patents...City sUippluf,' extras.Boiithcm, bakers' andfamily iM-ands C 75® 7 50
Bouth'u ship'K extras. 6 10® GOBye tloiu', superllue. . 5 10® 5 40Corn meal
—
We8t«m,&c 2 80® 3 00Brandywine, Ac. . . . 3 25® 3 30
Buckwheat flour, perlOOlbs 200® 230
Receipts of flour and grain at Western lake and river ports
for the week ending^Jan. 10, 1880 :
6 003' 7 25a 85 a 6 256 40 a 735C 50® 8 005 65® 6 25
Wheat-No. 3 spring, ^ bu.$l 35 ®1 37No. 2sprlng 139 ®1 41Amber winter... 140 ®1 45Red winter, No. 2 1 44I2SI 45Wliite 1 35®1 43
®1 42'i!® (il
® 01
No. 1 wliite 1 41;
Corn-West, mixedWestern No. 2,oIdWestern Yellow.
.
WcBtem Wliite. .
.
RyeOats—MiiedWhite
Barley—Canada W.State, 4-rowed...State, 2-rowed...
Peas—Cau'd^.b &t.
5000
62"
9146479077•72
a 60® 9312® 48® 49®1 02® 85® 77® 95
Flour,bbls.
At— (190 lbs.)
ChlcaKO 39,093Milwaukee 44.428Toledo 2.50
Detroit 9,164Cleveland l,6t:l
81. Louis 21,3.i3Peoria 4,811Dnlutb
Wlieat, Com,bush. bush.
(60 lbs.) (56 lbs.)
526.793 1,212.445349,390 13,94088,653 141,448191,939 7,01819,3.")0 68,400
10(i,393 331,6101.600 161,770
Oats, Barley. Rye.bush. bush. linsli.
(32 lbs.) (48 lbs.) (56 lbs.)203,47324,38520,1178,791
10,40074,22068,000
00,72941,065
8,5432,700
22.44727,000
17,75311,620
459
9,34220,180
Total .. .... 120,741 1,284,018 1,939,671Bame time '79.. 103,714 1,354,352 1,119,868
410,388 165,534306,493 107,861
68,35448,012
Total receipts at same ports from Jan. 1 to Jan. 10, inclusive,
fop four years:
1880. 1879. 1878. 1877.Flour bbls. 222,010 211,422 191,443 183,215
Wheat bush. 2,596,659 2,634,896 1,559,146 1,025,020Corn 4,259,874 2.409,261 1,204,419 2,668.120Oats 800,V2« 718,9;;8 3.'^9.420 505.683Barley 310,6.54 217.408 203,440 258.254Bye 132,142 111,596 74,036 129,456
Total Krain.... 8,100,055 6,092,099 3,440,461 4,586,533
Total receipts (crop movement) at the same ports from Aug. 1to Jan. 10, inclusive, for foar years:
1870-80.3,548,865Flour bbls.
Wh0.1t bush. 64,981,080Com 48,75S..50tOats 15,221.100Barley 8,177,538Rye 3,084,230
1878-79.3,055,778
1877-78.3,065,132
58,723,66242,479,65610,678,9487.259,1541,067,939
45.044,43736,294,03512,900,9776,702,3002,100,873
1876-77.2,326,397
30.420,03341,318,02115.550,4736,726,1041,906,910
Total grain .... 140,225,.521 126.209,359 103,042,622 91,021,51^
Comparative shipments of flour and grain from the samports from Jan. 1 to Jan. 10, inclusive, for four years:
1880. 1879. 1878. 1877.Flour bbls. 278,768 186,616 191,707 174,341
Wheat bush. 362,186 872,958Cora 1,341,410 899,271Oats 550,617 450,623Barley 119,812 189,096Rye. 93,419 49,956
Total grain .... 2,467,4 1 1 2,461,907 2,197,141 1,816,926
Rail and lake shipments from same ports for the last four weeks:Rye,bush.47,08746,33238,38045,850
1,432,869429,144147,365130,70757,056
305,1321,084,168163,746147,06140,819
Week Flour, Wlieat, Com,ending— bbls. bush. bush.
Jan. 10. 114,811 133,500 768,139Jan. 3 163,957 178,686 573,271Dec. 27 153,736 199,107 445,193Dec. 20 163,360 284,632 615,574
Data,bush.
312,537238.080156,749195,007
Barley,bu.sli.
59.43160,37879,53590,474
Total, 4 w'k8.600,S644wk8 1878-9.433,616
815.925 2,432.177 902,373 289,821177,6492,209,050 1,716,087 800,748 401,838 80.894
Receipts of flour and grain at seaboard ports for the weekended Jan. 10:
Wheat,bush.554,80082,716
125,0003,473
103,000131,20030,455
Flour,At— bbls.
New York 164,657Boston 40,539Portland 9,000Montreal 6,709Philadelphia 14,305Baltimore 16.000New Orleans 12,501
Com, Oats,bush. bush.908,784 378,547194.903 26,365
6,000 1.0002,200
287,500 56,000406,650116,078
Barley,l>usii.
96,80013,16422,000
1 ,05015,000
11,200 2,00021,228
Rye,bush.9,236
18,8065,2001,500
Total week 263.761 1,036.644 1,979,915 496.540 143.020 36.736Cor. week '79.... 103,681 773,374 736,622 178,665 78,480 16,830
And from Dec. 31 to Jan. 10, inclusive, for four years:
1880. 1879. 1878. 1877.Slour bbls. 490,295 257,439 344,049 188,040
Wheat bush. 1,945,901 1 583,694 2,171,576 302,330Com 3,766,454 1,828,397 2,711,889 2,099,575Oats 788,070 356,470 251,676 401,839Barley 252,735 132,762 277,446 109,430Kye 53,493
n 6,800,658 3
40,492
926,815
11,772 45,342
Total gra 5,427,359 2,958,516
Exports from United States seaboard ports and from Montrealfor week ending Jan. 10:
Flour, Wheat. Corn, Oats, Rye, Peas,From— bbls. bush. bush. bush. bush. bush.
New York . .... 79,366 478,149 328,393 5,010 3,0U6 4,561Boston .... 14,393 38,441 89,001Portland*. .... 8,937 122,923 18,800 62,340
PUiladelph a.. 2,310 325,401Baltimore
.
.... 3,975 78,400 517,540
Total for w'k 109,011Same time '79. 71,273
717,913 1,260,335 5,010 21,806 66,901838,261 864,603 254 5,090 15 ,0»2
* And 21,523 bushels barley.
The visible supply of grain, comprising the stocks in granaryat the principal points of accumulation at lake and -Sfaboard
ports, and in transit by lake and rail, Jan. 10, was as follows
:
Wheat, Corn, Oats, Barley, Bye,bush. bush. bush. bush. * bush.
7,792,320 1,378,000 ,557,009 555,857 420,101295,000 -~- -
72.0001,249.270
In Store at
—
New York ..
Do. afloat (est.) 1,072,000AlbanyBuftalo 719,933Chicaso 8,308,996Milw.-iukec 4,22H,969Duiuih 116,000Toledo 1,180,705Detroit 1,521,217Oswego 490,000St. Louis 1,018,096Boston 196,765Toronto 306,472Montreal ( 1st) .... 123,569Philadelphia 038,880Peoria 9.043Indianapolis 156,600Kansas City 765,324Baltimore 1,482,956KaU shipments... 183,511Lake shipments
117,00078.50019.358
4,407,416 1,124,30926,004 49,498
449,4454,947
280,0001,110,72824J,130
9,.j0a300,043189.798287.800185,09.)609,126768.139
106,3154,9092,500
154,359191,072
4.000127,339
li2,4'25193,100136,236
312,537
664,000329.000320,309781,480607,439
42!6006.748
620,000liiO,31544,860
182,4-'59,277
' 4/293
'13,773
20,00056.40052,170
265,561110,093
"fioi?
"i'.hbo53,4237,0012,840
21,056
59;4797.900
12,385
59,434 47,037
Total Jan. 10,'80. 30,309,301 11,864,045 3.292,510 4,401,210 1,152,102Jau . 3. '80 29,620,312 11,484,034 3.074,106 4,383,915 1,136,170
28,634,366 10,175,216 2,795,105 4,529.297 1,091,33327,8."i7,589 9,307,730 2,672,165 4,669,584 1,127.83428,688,559 10.079,363 2.612,661 4,730,815 1,161,97018,585,413 9,230,185 2,611,380 5.041,315 1,640,080
Dec. 27, '79
Dec. 20, '79....Dec. 13. '79 ...
Jan. 11, '79...
THE DRY GOOD3 TRADE.FiiiDAY, P. M., Jiinuary 16, 1880.
The market for dry goods has displayed a little more ani-
mation the past week, and while the package houses continued
to make liberal deliveries of cotton and woolen fabrics on
account of former orders, there was a material!}' increased
demand for Spring goods by Southern and Southwestern buy-
ers. Prints, printed piques, white goods, quilts, corded and
fancy piques, towels, &c., were severally in improved request,
and there was an active movement in cotton hosiery and knit
underwear, There wa| also a more frequent inquiry for heavy
Januaky 17, 1880.] THE CHRONICLE. 76
woolens by the clothing trade, and orders for heavy union and
all-wool cassimeres, suitings, cheviots, &e., were placed with
agents to an important aggregate. Prices remain very firm, and
some leading makes of brown and bleached cottons, prints,
Kentucky jeans, &e,, were farther advanced during the week.
Do.MESTic (irrroN Goods.—The exports of domestics from this
port to foreign markets during the week ending January 13
were 877 packages, of which 377 were sent to (Ireat Britain, 107
to Hayti, 122 to Brazil, 59 to Mexico, 50 to British Honduras,
&e. The demand for staple cotton goods was only moderate,
but white goods, piques, quilts, and other fancy fabrics were
fairly active. Brown cottons ruled very firm, and several
grades of Atlantic sheetings were advanced Me. per yard.
Bleached cottons were in fair request, and Lonsdale, "Fruit of
the Loom," and other popular makes of shirtings were markedup }^e. per yard by agents. Colored cottons, though inactive,
were firmly held, and several leading styles of cottonades, &c.,
were further advanced. Print cloths ruled quiet but steady, at
4%c. for 64x64's, and 4 7-16@4.^e. for 56!t60'8. Shirting prints
continued fairly active, and considerable transactions in mediumand light fancy prints were reported by such agents as are
prepared to show new Spring work. For ginghams and cotton
dress goods there was only a limited inquiry, and dealings were
light in the aggregate.
Domestic Woolen Good.s.—The demand for light-weight
clothing woolens was mostly restricted to small parcels re-
quired by clothiers for keeping up assortments, but consider-
able deliveries of Spring cas.siraeres, cheviots, worsted coat-
ings, &c., were made by agents in execution of back orders.
Clothiers have commenced operations in heavy union andall-wool cassimeres, suitings, cheviots, &c., for the Fall
trade, and in this connection some liberal orders wereplaced with agents, but transactions were limited bythe meagre supply offered as yet. Overcoatings werein moderate request, but cloakings and repellents lacked animation. Satinets were in fair demand, and many of the most pop_
ular makes continue sold in advance of production. For Ken-tucky jeans there was only a moderate demand, but prices ruled
firm, and some of the best doeskin makes were advanced byagents. Flannels and blankets were in steady request, but selec.
tions were almost wholly of a hand-to-mouth character. Shawlsand skirts remained sluggish in first hands and worsted dress
goods were lightly dealt in.
FoREWN Dry Goods.—The market for imported dry goodshas presented no new features, and business continued quietwith importers and jobbers alike. Hamburg embroideries andlinen goods have received some attention, but there was a verylight movement in dress goods, silks, woolens and other foreignfabrics, buyers awaiting the opening of new Spring importa-tions before beginning operations.
Importations of Orjr Good*.
The importations of dry goods at this port for the week endingJan. 15, 1880, and for the corresponding weeks of 1879 and1878, have been as follows:
ENTERED FOR CON8UMITIOS FOR THE WBEK ENUIXO JAN. Id, 1S80.
1878.
IPl£S8.
Maniifiicturcs of— I
Wool • 451Cottou ' 1,060Silk
I
437Flax 057
UUcuUaneous ' 343
Total
.
2,943
Value.
178,714321,73128-*,83-.
153,25973,555
1,016.097
187«. J. 1880.
Pkgs.
5-Sl,4=.l
7941,143527
1„503
Value. Pkgs.
291,289527,137579,578279,845113,316
1,794,19.-
5971,344460
l,82S702
4.931
Vahic.
235,(1 IS3;IH,(JBSS37,;2I4 1 1 .0( 686.577
1.468,960
wiTiioRAWN f;;om warehouse and thrown into tjie maeickt dur-INO THE SAME PERIOD.
Manufactures of—WoolCottooBilkFlax
2533IK79
516381
106,602105.06666.320
102.76630,295
411,0551,016,097
17516996
328126
74,6294-',54994,87278.11022,740
295373122653
1,927
111.G51121.49(i110,517li:0.7S535,771HieccUancous
Total 1,'.82
2.918894
4,503318,900
1,791,19.")3 3704,931
543.2201,46,<960Eut'it forcoiisumpt.
Total on market . .
.
4,530 1,427,152 5,397 2.113,095 8,301 2,012.180
ENTERED FOR WAREHOUSE DURING 8A.MK PERIOD.
MaoMtoviarus of—WoolCottouSilkFlax
258429124565
I,04 b
111,712118,0757S,.i91121,88829,496
12639195
537140
59,85499.60695,652
10-<,33126,026
25429758
681298
93,51176,10951,1)17
154,19.114,541Miseellaiiuoug
Tot.ilEnt-M forconsuiiipt.
2,4212,948
4,50,7621,016,097
1,2894,503
390,0 ;9
1,791,1951 ,5884,93
1
394.(i731,465.960
Total at the port... 5,372 1,172.859 5.792 2.181,264 6,519 1,!>63.633
Receipts or IieatfliiK Articles or VoaiesMe Prodace.
The following table, based upon daily reports made to the
New York Produce Exchange, shows the receipts of leading
articles of domestic produce in New York for the week endingwith Tuesday last (corre.sponding with the week for export*),
also the receipts from January 1, 1880, to that day, and for thecorresponding period in 1879:
Aslieg bblg.I!(':ui8 bbU.liii-adatulTs--Flour, wlieiit Mils.C'oru meal bblg.
Wlioat bush.Kye busU.Com b'-jh.
OatH bush.liarley and malt bush.I'iism busb.
Cotton bales.Cotton seed oil bbls.I'liix Bticd bag8.Onuw seed bugs.Hides No.Hides bales.Hops bales.Ijiiathor sides.Ixiad plRS.Molasses hluls.
Molasses bbls.Naval Stores-Turpentine, crude bbls.Turpeutine, spirits.. . bbls.
Koslu bbls.
Tar bbls.
PitoU bbls.
Oil oake...' pkgs.Oil, lard bbls.
Oil, whale galls.
IVamits .• bush.I'll)visions-I'oik pkKS-Beef pkBS.Ciitnieats pkgs.Huttcr pkgs.Cheese pkgs.Eggs blils.
I/iird tcs. & bbls.L-ord kegs.Hogs, dressed No.
Rice pkgSpelter slatStcarine pkgSug.ir bblSugar hlids.Tallow pkgs.Tobaeoo boxes & cases.Tobiicco hlids.Whiskey bbls,Wool bales.
Weekending Since Jan. 1, Bloec JaikJan. 13.
I1880. 1871>.
871,135
121,079-1,105
300,1260,068
711,402381,36281,68515,18739,823
5561,4554,8774,0051,382869
79,800745
6,000
502,2413.7931,186
2513,336
20
2,398
1,914872
33,46522,61022,6515,8847,532822
2,1221,348416
3331,2001,768366
7,079251
1472,307
218,220H.im7
084,57611,418
1,296,162588,0621.52,55131,18789,011
6072,254
11,5418,7023,0001,307
165,9582,599
12,405
504,2159,2831,186
2521,197
283
5,141
3,8261,494
60,68537,42738,0918,671
19,9753,7501,5693,5521,348875
61,9262,3871,503841
10,7301,035
1021,998
127,0134,:i9»
024,5006,728
303,920111,467110,1964,800
43,8603,010
250,5868,0412,6842,729
161,473327,351
15,08a
ISO2,221
11,311640157
11,233700
2,329
10,450945
55,17838,07519,7184,854
37,2461,6629,719896
3,8001,960409
3,5653,4723,5121,167
11,2502,947
Exports ol Leading; Articles of Domestic Produce.The following table, based upon Custom House returns, shows
the exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1880, to the sam; day, and for the cor-
responding period in l'}79:
Ashes, pots lilils.
Anht's, pearls liiils.
licoswax .'lbs.
Bioadstuffs—Flour, wheat bbls.I'lour, r.vo bbls.Com lueal blils.
Wheat bushKye bu.sh.Oats bush.iiailcy bushl"u!W bush.Corn bush.
Caudles pUgtiCo.il ; tou.s.
Cot ton balesDuuiestics pUf,'.i,
Hay bales.Hops bales.Xav,al Stores-Crude turiKintiue bbls.Spirits tiui>eutiue bbls.Koslu bbls.I'ar bills.
Pitch bbls.Oilcake cwt.Oils-Whale pals.Sperm gals.l-ai-d gals.Liusee<l gals.
Pet lolnum gals.Provisions-Pork bbls.Beef bbls.Beef tlerees.Cutmcats lbs.Butter lbs.Cheese 11)6.
Lard lbs.Rii-e bbls.Tallow IbB.Tobacco, leaf hbds.Tobacco bales and cases.Tobacoo.manufactui-ed. lbs.Whalebone lbs.
Week eliding Sluce Jan. 1, Since Jan. 1,Jan. 13. 18.30. 1879.
10 55
4,828 4,828
54,723 152,100 72,851150 200 199
3,720 0,014 4,43J292,606 812,468 1 .333,900
2,850 2,850 132,4002,498 6,081 738
3018,648 25,Sh72 13,021
37ij,59l 774,417 •167,653685 1,504 2,142
3,562 4,272 1.2642,703 6,2.i7 7,224877 3,073 9,293
1,497 3,012 1,064240 073 2,058
"isi "249 3271,010 1,817 7,.581
13 75 16550 60 88
33.814 73,805 46,319
10.222 26',0!)5 31,60340 470 60«
6,911,915 14,014,306 1,179,485
4,347 8,130 '7,304880 1,528 789
1,317 2,852 1,3549,786,973 18,6.58.477 19,525,792289,627 618,778 778,066
1,487,586 3,320,427 2.306,4714,189,314 5,821.263 ^,925,371
260 331 701395,762 ',177,189 2.165,305
1,339 2,628 1,2181,394 1.716 1,923
129.420 127,500 463,6384,124 12,504
76THE (3HR0NICLR [Vol. XXX.
Financial.
Dickinson Bro's.,HANKERS,
K*. 4J ExcbauKe Place, New Vorlc.
Stocks. RallrowJ Bon<l«, GoTernmcnts. and all 8e-
arUlM d««lt IB «t the N. Y. Stock Exchange, bought
«>d aold. either for InTestment or on margin.
Hkve been connected with mining since the dls-
corery of the famous Comstock Lode, and also
VioMers In the celebrated Bodle district In which
«ra located the •• et4vndard," " Bulwer." -Bodle.
and other well-known mince. Letters and telegrams
from these districts recelrcd dally. Orders exe-
««t«d direct at the San Francisco Stook Kxcnange.
PLATT K. Dickinson, Howard C. Dickinson
Mambers N. V. Stock Exchange and N Y. MiningStock Exchange.
H. H. Hollister & C^BANKERS AND BB0KKB8,
NEW YOBK AND BAtTIIttOKB.
Htucks, (ioTcrnments and Miscellaneous Securities
twnght and sold on commission.
J«BW YORK HOUSE : BALTIMORE HOUSE
:
43 New Ssreet. SI Sontli Street.
BOBSKT B. HOLMES. S. H. DUNAN.Members Of New Ytri Stock Exchange.
FiuanciaK
Kimball, Howell & Co.,0. H. KIMBALL, J. P. HOWBLL. N. P. HENDKB80S,
Members N. Y. Stock Exchange,
68 BROADWAY AND 17 NEW ST.,
BUY, Sfxl and Carry on Margins
All Secarltles dealt In at the Excbange
Dodge, Potter & Co.,BANKERS
and
COTTON COMMISSION MERCHANTS,
34 PINE STREET,New York.
Buttrick Sc Elliman,
BANKERS AND BROKERS',No. 2 Nassau street, New York.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
r A BUTTRICK, Member of the N.Y. Stock Exch'gc,
WM.' EllTman, Member of the N. Y. MlnlngExch'ge.
Insurance.
OFFICE OF THB
jfames M. Drake& Co.BANKERS,
21 AND 22 DKEXEL BUILDING,
Wall St., New York,
»UY and SELL RAILROAD STOCKS and BONDS,U S. fiOVKRNMENT, STATE. CITY, and all otheraiftotiable Sccurllle.?. ON COMMISSION.
Jtr. J. M. Drake has boen a member of the NewTork Stock Exchange since 1852, and will give per-
al attention toall business entrusted to the firm.
Coleman Benedict& Co.STOCK AND BOND BROKEKS,
91 BROADWAY, NEW YORK.stock. RaHroad Bonds, Governments, and all Be-
ciiritles dMlt In at the New York Stock BxchanRtf
bSughtanrsold for investment or carried on mar-
gin, strictly on commission.
M^g.yerN!'Y'!l'^o^c"kTndMlnl^n^^Ex^oag7s""-'"
R. jr. Kimball dr Co.,
BANKERS and BROKERS4 Exchange Co:%rt^ New York,
12 years memhtrtkip in V, Y. Stock Exckmngg,
Buy and Sell #« Commission, /or Cash^ or onMar^tHt StockSy Bondsy and all Investment
SeeuritieSy in lots to suit.
C^ Co.B A IM K E R S ,
OOR. OK WALL STREET AND BROADWAYNeiv York.
Transact a General Banking Business, Including
(he purchase and sale of STOCKS and BONDS for
ash or on margin.
Buir and Sell Investment Securities.
P. O. BOX 2.647.
AM. Kidder. WavlaxdTrask. H.J.Morse.
T. H. Latham & Co.,BROKEKS IN
FOREIGV EXCHANCiE,17nltcd States, €11 Icaeo, Cincinnati, Stl.ouls, District of Colombia Bonds,
AND OTHER
INVESTMETHT SECURITIES,52 WILLIAM STREET.
J. H. LATHA.M. K. W. Perry.
Ewell & Maitland,BANKERS AND BROKERS,
No. 58 BROADW^AY,Boy and sell on commission all securities dealt In at
the New York Stock Exchange or in this marketalso Mining shares.
J. N. BwELL, Alex. Maitland.Member of N. Y. Stock Exchange.
B. F. Blakeslee,BOND AND STOCK BROKER,
333 MAIN STREET (HILLS BLOCK),
HARTFORD, CONN.
Special attention paid to nvestment orders fOi
miscellaneous Stocks and Bonds.
E. b. Bailey,7 PINE STREET.
Dealings In
Insurance StocksA SPECIA/.TY.
Cash paid at once for the above Securttlrs j or theywill b€ sold on commlFSlon. at elier's option.
John B. Manning,BANKEi: ASB BROKER,
No. 14 Wall Street, New York City,
SOUTHERN SECURITIESA SPECIALTY.
State, Municipal ani Kailway nondsand Couponsbought and Bold at best market rales. Investors ordealers wishing to buy or sell are invited to communl-c»5e with us.
, „ .
Member of the New York stock Exchange.
AT L AN TI
C
Mutual Insurance Co^
New York, <r.S.'lry 23, 187fl.
The TroBteec, in conformity to the Charter of ths
Company, submit the following Statement of its
affairs on the Slst December, 1378:
Premiums received on Marine RislvS,
from let January, 1878, to Slst De-cember, 1878 $4,009,309 47
Premiums on policies not marked o£C
let January, 1878 1,818,697 36
Total amount of Marine Premiums. ; |^858,006 83
No policies hJ»ve been issaert npot:
Life Risks ; aor upon Fire, discon-
nected with Murine, Risks
Premiums marked off from Ist Janu-
ary, lS78,to 31st December, 1878 .... 4,ie«,034 MI.oe8e8 paid during Ihe
sa:ne period $2,012,784 45
Returns of Premiums andExpenses... t8S9,9Sa S3
The Company lias the following assets, viz.:
United States and State of New Yorlc
Stock, City, Bank and other stocks. $10,086,758 00
Loans secured by Stocks, and other-
wise 701,800 00
Real estate and claims due the Com-pany, estimated at 619,034 50
Premium Notes and Bills Receivable.' 1,529,259 74
CashinBank ; , 381,210 9*
H. W. Rosenbaum,51 Exchange Place,
BUYS AND SELLS
CtAILBOAD BONDS AND STOCKS.
AI.L CLASSES OF INVESTMENT AND MIS-
CKUiANBOCB SECURITIES NOT ACTIVELY
DEALT IN AT THB NEW YORK STOCK EX-
CHANOB A SPECIALTY.
Oonespondenoe soU«it«4 uA liUonaatioa cheer-
f(Uy loriiieiieo,
Wm. Fisher & Sons,BANKERS ,
And Dealers In Governments, Coin, &Investment Securities,
OpposttE Second St. 2 SOUTH STREETBALTinOBE, MD.
Fnrchue and sell Governments and Coin.Gold constantly kept on hand for the supply of Mer-
chants, for duties.Bonds and Securities of every description bought
and sold on Commission Orders, wilch have dlroet
personal attention.Especial attention Is given to Investment Securities
of the higher grades, quotations for which are fur-
nished as required.Correspondence solicited.
Total amount of Assets.TTr.TT... $13,3-20,463 16
Six per cent. Interest on the outstanding
certificates of profits will be paid to the holders
thereof, or their legal representatives, on and after
Tuesday, the 4th of February next. '
The Outstanding Certificates of the isstie
of 1875 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after
Tuesday, the 4th of February next, from which date
all interest thereon will cease. The certiflcatcs to
be produced at the time of payment and cancelled.
A Dividend of Thirty per cent, is de-
c'ared on the net earned premiums of the Company,
for the year ending Slst December, 1878, for which
certiflcatcs will be issued on and after Tuesday, tha
ath of May next. ,^
By order of the Board,
'J. H. CHAPMAN, Secretary.
R17STEESS
BANKING HOUSE OF
G. W. Norton' & Co.,
CASH CAPITAL;|200,000.,
liOUISVIIiLiE, KENTUCKY.
Swan & Barrett,BANKERS AND BROKERS
200 Middle Street,
PORTLAND, MAINE,Dealers in Government, State, County, City and Rail-
road Bends, Bank Stocks, &c.Desirable Inyestment Securities ceostantly osband
J. D. Jones,
W. H. H. Moore,
Charles H. Sassell,
David Lane,
Francis Skiddy,
Adolph Lemoyne,William E. Dodge,
Thomas F. Youngs,
John D. Hewlett,
Charles P. Bordett,
Edmund W. Corlies,
Alexander V. B'.ake,
Charles H. Marshall,
Robert T. Stuart,
Frederick Chauncey,
William Bryco,
Peter V. King,
Horace K. Thurber,
William Degroot,
Gharles Dennis,
Lewis Curtis,
James Low,Gordon W. Bamham,Wm. Sturgis,
Josiah O. Low,Royal Phelps,
C. A Hand,WilHam H. Webb,Horace Gray,
John Elliott,
Robert B. Mintnm.George W. Lane,
James Q. DeForest,
Charles D. Leverich,
William H. Fogg,
Thomas B. Coddlngton.
A. A. Raven,
Benjamin H. Field.
J. D. JONES, President.
CHARLES DENNIS, Vice-President,
"
W. H. H. MOORE, 2d VicePresidenfc,
Jl. a, RAYSN, 3d YUe-PrwideaW _j'
Januaut 17, 1880.] THE CHHONIOLEInsurance.
MARINE AND INLAND INSURANCE.
OFFICE OF THE
ORIENTMutual Insurance Co.j|88Ct8, 3lBt December, 1S7§,
$1,123,370 63.
TRUSTEES.
Commercial Cardit.
George A. Clark & Bro.,
George Mosle,Edwurd F. Davfson,Henry DcB. Roiith.£. II. li Lyman,Henry K. Kunhardt,Hu^h AuchincIoHs,Lawrence Weils.William f'ohlmiinn.Alexander 1Ianii]t"n,Oonstantin Merehs,Carl L. Recknagel,W. F. Cay, Jr.,
Carl Victor,Kamsay Cruoks,Arthur B. Gravef,H. L. Chas. Kenauld,
Alex. M Liwrencfi,Ji.hn D. Dix,Charles Mnnzint^er,Walter Watw",Frnesto O. FabbrI,Henry E. Spragtte,John Welsh, Jr.,
Lewie Morris,Chas. F. ZimmermansTheod'ire FachirlC. L. F. K >8e,
Wm S. Wilson,F. Cousinery,Guytav Schwab,George H. Morgan,L. M. Calvocoresai.
EUGEME DUTILH. President
ALFRED OGDEN, Vice President.
CHAHLES IRVING, Secretary.
•ANTON METZ, Assistant SccreUry.
!>leum§lii|>§.
ONLYDirect Line to France.
The General Trans-Atlantic CorananyVMail iSteamsIiipg,
BJETWEBX
NB«y YOUK AND HAVUB.^he splendid vessels on this favorite route for the
Continent—cabins provided witii electric bells—willsail from l*ier (new) No. 42 North Uiver, foot ofMorton street, as fuiiows :
OA.NADA. Franiiuel Wed.. Jan. 21. liS M.AMKHIOUK. U. Joucla Wed., Feb. 4. II A.M.KUANCK. Trudnile Wed., Keb. IH, 11 A. M.
I'lilCK OK PASSAIiK. (inciudini: wine; :
To Havre—First cabin, $100 and $80; second cabin.$55. Steerage, $5W, including wine, bedding andutensils.Keturn tickets at very reduced rates, available for
twelve months.For passage and freight apply to
LOUIS DE BEBIAN,Agent, 55 Broadway.
Atlas Mail Line.Our Aspinwall steamers form close connection at
Panama with the steamers of the PaoiHc SteamNaviK itlon Company, beinK the quickest and mristdirect service between New York and the west coastof South America.Bvery alternate Tuesday for Kingston (Jam.),
Aspinwall. Ukkvtown, Colombia, Panama andSorTH Pacipic Ports :
ANDES Jan.SiOl ALVO Feb. :i
Every alternate Thursday for Hayti :
ETxVA Jan. 22IALPS Keb. 5
Eve~y three weeks for PoiiTo Kico :
CLAKIBEL Jan. 29Kve y three w»»eks for Makacaibo (direct)
:
ARRAV (aboi t) ..Feb. 1 | ARDEN (about^ .Feb. 21£u e'i T acccmm -dation for flrst-class passengers.1 or fre ffht o. pan tine apply to
PIM. KOK .VOOD & CO., Ajrenta.No. 37 Wall Street.
^M Wtm*GOLD MESAZ., FARTS, 1878.
Bis CtUbrated yumttrs,
303-404- 1 70-35 I -332,ttndhit other Blyltt may be had ofall dealert
I
• throughout the toortd,
I Joseph Gillott & Sons, New Tark.
iniLAVARD«S HELIX NEEDLES.400 BBOADWAV. NBW YORK.
Brinckerhoff, Turner
& Co.,Uanuf&ciarers and I>eal«ra In
COTTONSAILDUCKAnd all kind! of
COTTON CANVAS, FKLTINO DUCK, CAK COVERIJiG, BAGGING. HAVENS UUCK, SAIL TWINK8
4C. " ONTAKIO • SEAMLKSS BAGS,"AWNING BTKIfKB."
Also, Agent*
CJulted States BanttnK Company.A till inpply all Widths and colors alwayi In itoct.
No. 109 Pnana Street.
E.R.Mudge,Sawyer&CoAfiKNTS I'OIl
Washlnston milN, <'Iilrn|ice ITirg. Co.,Barllniit'tn 'Wuolcii C'u.,
E'lcrton fticwiUIIls,Atlantic Cotton milx,
SaratogaVlctory I»II}j. Co., vcean JTIlils,AND
Hosiery, StalrtM and Draiverst'rom Various Mills.NEW YOIIK. BOSTON,
4.'!&45 White stuket. 15 CnAU.scEY Street.PHII.ADKl.rillA,
J. W. DAYTON, 2H0 CuESTSUT Street.
No. 11 Old Slip, New York.
A. L. Pierce & Co.,CiTll Engineers & Real Estate Agents,
VICKSBURG, JniSS.
Pnrchaae, sale, entry and redemption of lands andfayment of taxes for nun-residents attended to.niormatiou as to value and local advantage oflands furnished. Our Held of operation embracesthe States of Louisiana and Mississippi.
niANCHESTER
Locomotive Works,MANUFACTUKKRS OF
Locomotives and Amoskeag SteamFire Engines,
MANCHESTEU, h. M.
ARETAS BLOOD,Superintendent,
^ aiichfiHt^r N -*
W. «J. MEANS,T-flannrer.
jf w.tar .TrR,.t. uostoD
RAILS, PIG IROBf & METALS.
Philip S. Justice,14 SOUTHAMPTON BUILDINGS,
Cbanceiy Lane,
LONDON, ENGLAND.The advertiser oflTers his services (Btrtctly on com-
mission) to large buyers of
Old or New Ralls,Fig Iron,
Sbeets,Ores and Metals
cenerally, with use of his cable code for terms andq^iotatlons, and 35 years* experience in EngHshMetal Marlcets.Terms and references given on direct application,
or through J. UOWAKD MITCUEIX, 14 No. FifthStreet, Philadelphia ; or A. T. CHUR,78 Broadway,New Yori£.
Of StII'EKlOK K.NOLIMH .MAKE. HOSamples of our leading styles, fortrial, inciudinj; the famous '' U "
and " KAI.('()N '" Pens, by mail, onreceipt of liu cents. Ask your Sta-tioner for PEIIUY'S PENS.v<gaii,J{lukcma>i,inyiiir&C
.Sole Auciitafor U.S. New TORK.
Cotton.
Fielding, Gwynn & Co.,
COTTON FACTORS
COMMISSION MERCHANTS,
140 Pearl streot, IW. Y.
Bennet & Foulke,
COMMISSIOIV nERCIIANTfiu131 PEARL STREET,
NEW YORK.
Special attention given to the execution of ordst*
or the purchase or sale of Cootracta for ratai*DellveiT.
WALTER & KROHN,COTTON BROKERS,
S3 BEAVER STREET, NEW VORK«.
Geo. Copeland & Co,^COTTON BROKERS,
136 PEARL STREET, NEW YORK^
Wm. Felix Alexander;^
COTTON BROKER,
AUGUSTA, GEORGI;C..Entire attention given to purchase of COTTON o»
ORDER for SPINNERS and EXPORTERSCORRSSPONDKXCB SOLICITED.
References :—National Bank of Augnsta. Georgliv
Henry Uentz & Co., Commission Merchant* NrvYork; William B. Dana& Co., ProprieLors CoHxaaCIAI, AND FlHANOIAL CBSOMICLX, and Other NsvYoilr Houses.
D. W. Lamkin & Co.,Cotton Factors,
VICKSBURG, MISS.
Orders to Purchase Cotton In oar market 8olloll««Refer to Messrs. THOMAS J. SLAUGHTKK Hew
York
John F. Wheless & Co.,COTTON
COMMISSION MERCHANTSNASHVILLE, TENNKSSEB.
Special attentton given to Spinners* orders. Cordpondence solicited.Kkfkkknces.- Third and Fourth National Bask
ano Proprietors of Tub CuRONlCLK.
WORKS ATOIUENT, L. I
'ElTREKA""OKIBXT."
The Atlantic & Virginia
Fertilizing Co.OFFER THEIR STANDARD BRANDS'•EXJItEKIA."
Ajimoniated Bone ScPERriiosruATK of Luia^AND
"ORIKNT COMPLETE MANURE,"And want a good working agent in every thrlvlnccotton-growing county. Apply (with reference) to
AV. G. CREKSHAW^, Pres'l,CRENSHAW WAREHOtSE,
Richmond, Vtt^
X* H E
UTUALLIFEINSURANCECOHM
OF NEW YORK.F.S.WINSTON , PRESIDENr
ISSUES EVERY APPROVED DESCRIPTION OFLIFE AND ENDOWMENT POUQESONTERMS AS FAVORABLE AS THOSE OF
ANY OTHER COMPANY.ORGANIZED APRIL IZr.H |842.
c&sHMisoYER^aQmooa
IHE ( HRONICLE.
Cotton.
Woodward & Stillman,BKAMKN'S BAKK r^lUlINO.
Nm. T4 * T6 Wall «reet,
NEW YOUK.
dSNERALCOXXISSION MBflCHANTS
^OANS nADE ON ACCKPTABI-K8ECCBITV.
i4b«r* I dT»ncei nude on CoDsIgniiienU.
Bpaolal attention paid to the execution ot orders tor
ilieputsliaa* ora&la ot oontraeu for tntore dellTery
ot eoton.
Henry Hentz & Co.,QENBR AL
connissioif rasBCHANTS,8 South William St., New Tork.
Adrancea made on Conalxnmenta to
UleMn. JAinES FINLAY & CO.,
UVERPOOL, LONDON AND QLAovl. .
Also ezeouto orders for Merchandise through
neMrs. FINLAY, nUIB Sc CO.,
CALCUTTA AND BOMBAY.
rOTOBK CONTRACTS FOR COTTON bought
and aoM on Commlssiun In New York and Liverpool.
WlLMOHB. CLKMKNS KI8CHKB, H. W.HANKMANN,8on of J. T. llanemann,
late of Knoop, llaoemann St Co.
Mohr, Hanemann& Co.
,
COTTON BROKERS,123 PEABIi STBEET,
NEW YORK.Special attention Klven to the execution of OB-
DKBS FOR FUTURE CONTRACTS.
Hehbt H. WARB. GILLIAT SCHROEDEB.
Ware & Schroeder,
COTTON COMMISSION MERCHANTS,
111 Pearl Street, New York.
Spoolftl attOQtlon paid to the execation of orders
for the purcha£-e or sale of contracts for future de-
llTOr/ of cotton. Liberal advances made on con-
Mtninenta.
E. S. Jemison & Co.,B A N K E B S
AMD
COTTON COMMISSION MERCHANTS,
No. 10 Old Mtp, New York.
MOODT & JEMISON, Galveston, Texas.
Waldron & Tainter,(Soccessera to NOURSE ft BROOKS .
GENERAL COTTON ITIERCHANTS,9T PEARL STREET, NEW YORK.
Future ordera promptly oxecutod.
H. W. &J.
H. Farley,COTTON FACTORS,
COMMISSION MEaCHANTS,
FINANCIAL, AGENTS,133 Pearl Street,
F. O Box 3,90». New York.Advances made on Conslgamenta.
H. Tileston & Co.,COTTON, STOCKS, BONDS, ice.,
«8 WILLIAM STREET, NEW YORK.Orders In " Futures" executed at N.Y.Cotton Exch.
R. M. Waters & Co.,"MERCHANTS AND BANKERS,
C4 BBOAD STREET, NEW YORK,Uberal Advances mads on COTTON In Store.
Cotton.
INMAN,SWANN&CoCOTTON
COMMISSION MERCHANTS,Cotton Exchange BnUiUng,
101 Pearl Street, New York.
LOANS MADE ON
SOUTHERN SECURITIES.
Almy & Co.,(Successors to GRAY & CO.),
COTTON BUYERS AND BBOKEBS,No. 96 WATER STREET,
BOSTON, IHASS.,Agencies for the purchase of Cotton ilt all of tbe
principal Southern Markets.
J/w.inis Perkins & Co.,COTTON BROKERS,
IIT Pearl Street, New York.Orders for Spot Cotton and Futures promptly exe
outed
LSHKUr, J ZBAHAM A Co., LKHX \H, DCSH ft OO ,
New C'.'leans, La. Montgomery, Ala.
LEHMAN BRO'S,
Cotton FactorsAND
conimssioN iherchants,
40 EZCHANGB PLACK,
New York.%rdS7S execited at the Cotton Exchanges In Now
York and .^oerpol aad a4veAesi made on Cotton
and other produce consigned to as, or to our corre-
pondentfl In Liverpool, Messrs. B. Newgass ft Co.
and Messrs L. Rosenheim ft Sons.
B.F.BABCOCK&CO.COMMISSION MERCHANTS,
17 Water Street, LIVERPOOI.,Receive consignments of Cotton and other Producp.
and execute orders at tlie Kzchiin^ea In Liverpool.Represented in Hew York at the olllce of
BABCOCK BROTHERS ft CO,60 Wall Stbxit.
Tames F.Wenman& Co.,COTTON BROKERS,
ho. 146 Pearl Street, near W^all, N. \,established <ln Tontine Building) 1841.
Miscellaneous.
Wire Rope.STEEL AND CHARCOAL
IRON of snperlor quality
suitable for MINING ANDBOISTING PURPOSES, In
{ cllned Planes Transmtsaion
\of Power, ftc. Also Ua]ran*.^ed Charcoal and BBtoihlpa' Klgglng, Suspension
f linages, UerrlckGuya.FerrJ,' KopeB, Ac, A large stockconstAntly on hand fromwiilch aur desired length,are cut. KLAT STEEL ANDIRON KOPKS for MInlPipurposes manufactured toorder.
JOHN W. KIASON Sc CO.,43 Broadivay. Nenr York.
FOR RREAKFAST
C h o c o I a t
Menier.ANNU.il CONSUMPTION EXCEEDS
17,000,000 POUNDS.
PARIS. LONDON, NEW YORK.
[Jakuabt 17, 1880.
Insurance.
HOMEInsurance Company
OF NEW YORK,OFFICE, 119 BROADWAY.
Fifty-Third Semi-annual Statement,SHOWINO TUB
CONDITION OF THE COMPANY ON THE FIRSTDAY OF JANUARY. 1880.
CASH CAPITAL $,'1,000,000 00Reserve for Ke-insurance 1,841,433 00Reserve for Unpaid Losses 248,764 81NetSurplus 1,320,785 50
Cash ABseU $6,410,988 II
SVnmiARY OF ASSETSHeld in the United States, available tor the PAY-MENT of LOSSES by FIRE and for the protec-tion of Pollcy-Holdera of KIKE INSURANCE:
Cash in Banks $233,299 29Bonds and murtKages. bfting first Hen onreal estate (worth $4.171,400) 1.866,663 00
United States stocks (market value).... 3,184,125 00Bank stocks (market value) 200,702 50State and municipal b'ds (market value) 237,859 50Loans on stocks, payable on demand(market value of securities »843,69«).. 418,870 00
I nterost due on 1st January, 1880 54.870 OBBalance in hands of agents 154,114 87Ileal estate 54,185 91Premiums due and uncollected on poli-cies Issued at this ofBce 0,507 33
Total IS.410,988 11
CHAS. J. MARTIN, President.J. H. WASHBURN, Secretary.
A Dividend of FIVE PER CENT las been de-clared, payable on demand.
iETNAInsurance Company
OF HARTFORD.Total Asaete, Januar; 1 16,914,147 79Capital AOOO 00Re-insurance fund. ... I,»>i7,189 85Unpaid losses, etc 251,499 00— 4,868.683 89
NET bUR"LUS, Jan. I, lff;9.. $2,045,458 94No. 3 Cortlandt St., New York.
JAS. A. ALEXANDER, Affent.
North British
& Mercantile Ins. Co.OF
LONDON AND EDINBURGH.United States Board of Management,
NEW FORK :
SOLON HUMPHREYS, Ch'r'n.(B. D.Morgan & CoDAVID DOW8, Esq. (David Dowa & Co.)B. P. FABBIU, Esq. (urexel, Morgan & Co.)Hon. 8. B. CHITTENDEN.EZRA WHITE. Esq.J. J. ASTOK, Esq.
CHAS. E. WHITE, SAM. P. BLAGDEN,MANAGERS,
OfUce 54 W^llllam St., New York.'
Liverpool &London & Globe
Insurance Company^
45 Willia7n St,
J. E. PUESFORD,
Resident Manaoeb.
L^ontinercial
Union Ins. Ca(OF LONDON),
ALFRED PELL,Resident Manager,
3r & 39 Wall Street