june 19, 1880, vol. 30, no. 782 - fraser...and hunt'smerchantsmagazine. 3^^itejjhlygjwispaper,...
TRANSCRIPT
AND
HUNT'S MERCHANTS MAGAZINE.3^ ^itejjhly gj WIS pa per,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL. 30. NEW YORK, JUNE 19, 1880. NO. 7«52.
Financial.
Phelps, Stokes & Co.,I. N. PUKLPS,JAMES STORKS,ANaON PHKlil'd STOKES
BANKERS,
45 WALI- ST., NEW YORK.COMIIIERCIAL CREDITS
In Dollars for use in United States. Cuba. &c..
In Pounds Sterling, available In any part of the world.
Also, TRAVEI.ERS' CREDITS and
OIRCIII.AR NOTES.
Banque
Centrale Anversoise,
Antwerp.
Pald-Up Capital, - • 9,000,000 Fra;ics.
BOARD Of DIRECTORS:
S?/.n^?i'!$S-.r/v (» * M»Quln,y), V.ee.rre,
J. li. Von dkr ISkckk (B. Von der Becke).
Otto Ou.nthkk (CornetUe-Uavld).
Ad. FRiSK ( ? rank. Model S (.le.)
Aug. NoTTKBiiiM (Nottebohm Freres).
Fb. DH*NI8 (Mlclll0l8-L006). „ _ _Jon Da.v. Fdhkman.v, Jk. (Job. Dan. Fuhrminn).Lotjis Webke (Kd. Weber &Cte.)JvLBS Kavtesstbaooo lO. Scuinld & Cle.)
TRANSACTS A
GENERAI. BANKING BIJSIJ«ESS.
Financial.
Jesup, Paton & Co.,BANKERS,
S2 William Street, New VorK.
Accsunts and Agencr nt Banks. Corporetiona,
arms and individuals received upon favorable terms.
Dividends sod Interest collected and remitted.
Act as agents for corporations in payintf couponsand dlvldendrt'; also as transfer aaents. *
Bonds, stociu and securities tronglit and sold oncommission.Sound railroad and municipal bonds nesotlated.
Storiinic exchouKO bouKlit and sold. Urafta on
CIntoa Bank of London.
JuUN S. Kknneiiv. J. Krnnhdy Tou.
J.S. Kennedy & Co.,BaBkers aud Slerchants,
No. 63 WILLIAM STKEET,New York.
Buy AND 8KLI,
RAILItOAD INVESTMENT SECURITIES;
COLLKCT COCPON3 AND DIVIDENDS;
NEGOTIATE LOANS AND DRAW BILLS OFEXCIIANUK ON LONDON.
All business relating to the Construction andEquipment of RaHroads undertaken.
Hiliners,McGowan& CoBROKERS IN
Foreign Exclianate, ittocka and Bonds,
63 Wan Street, New York.(P. O. Box 2«7.)
Special attention piUd to the negotiation of Com-mercial blUa.
ASA P. POTTER, Prest. J. J. Eddy Cashier.
Maverick National Bank,BOSTON,
CAPITA!., $400,000817RPLVS, 400,000
COLLECTIONS a specialty. Business from Banksand Bunhors solicited.Satisfactory business paper discounted. Cor-
ffe»pondenoe invited.
LEWIS H. TATtOK, IB.. LINDLEY IIAISES
C. I. Hudson & Co, )•
3 EXCHANGE COURT, NEW YORK,Buy and sell on commission, for Investment or on
margin, all securities dealt in at the New York
Stock E.tchange.
R. R. LKAR. C. I. HroSOW, T. H. CUBTIS.Member N.Y.Stock Bzch.
L. H. Taylor & Co.,Bankers and Brokers,
138 SOUTH THIRD STREET,P1III.ADELPHIA.
Deposits received subject to check at sight, aHdinterest allowed on daily balances.
Stocks. Bonds. Ac. bouKht and sold on commissionIn Philadelphia and other cities.
Particular attention given to information regard-
ing Investment Securities. ^
Clinton B. Fisk & Co.,BANKERS,
Ko. 3 Broad Street, Brexel Bnlldlue.T)EAI.KRS IN"
GOVERNMENT AND INVESTMENT SF.CURITIB8"but and SELL ON COMMISSION,
»w cash or on margin, all securities dealt in at the
Sew York Stock Exchange. Brokers in State, Rail-
way. Municipal, Mining and Miscellaneous stocks
am^ bonds. .
R. T. Wilson & Co.,BANKERS AND COMMISSION MERCHANTS,
i ExebaiiK« ««iurt, N »w York.
Financial.
UOWAIID LAI'HI.XY. D. SKYMol'll WlLLlHO,Menilwra N. Y. St'x^k Kxchanin.
CmiTS W. KlkLD. JU. CYUt;il W.>IEU>.Hpscul.
Lapsley, Field & Co.,STOCK BROKERS,
No. 15 BROAD 8TRKBT,New York.
Coleman Benedict& Co.STOCK AND BOND BROKERS,
94 BROAD ST., NBW TOBK.Stocks, Railroad Bonds, Oovsmments, and all S*.
curltles dealt In at the New York Btoek sabanasbought and sold for Investment or carrlaa aamar-gin, strictly on commission.
gr»'ycao°vra5?i^: \^*>*" "• ^-«^ '^-
H. R. Prather & Co.,
REII. ESTATE AND INSVRANCB,88 SIXTH AVE.. WEST OK KAN. AVE..
TOPBKA, KANSAS.Loans negotiated. CollectlOM mad*. Taxes paid.
Municipal Securities bought and sold.
P. F. Keleher&Co.,305 OI.IVK STREET, ST. tOl'IS, Mo.
Flr8t-clB«« Western Investmeot Seoorttles for
sale. St. L<ml8 City and States ofJMlssourl. •'•"•fa-ToiHs, Arkansas and Colorado Bonds a apeotallr.
Full Information given In refersnoe to same on sp-
pr cation. Coupons and dividends eollested.
WAI.8TOS H. BKOWN ritKD. A. DllOWK.
Buttrick & Elliman,BANKERS AND BROKERS,
No». 37 4: 39 Wall St, New York.
BONDS. STOCKS and INVESTMENT SECURITIESBOUGHT AND SOLD oN COMMISSION.
C A BCTTmCK. Member oftheN.Y. Stock Eich'ge
WM. ELLIMAN. Member of the N.Y. Mining Exch'ge
JOS,=Pn P. I-OYD.^_^_^^^^^W. a MCK^-J.,.^^
Lloyd gc McKean,34 WALL. STREET, NEW YORK.Buy and sell-on commission—Oovcrnment. Rail-
way and Miscellaneous Securities. Receive deposits
subject to check, and allow Interest on balances.
Waiston H.Brown & Bro.
BANKERS,11 Pine Mreet, New York.
8PKCTAL ATTENTION GIVEN TO THE NKOO-TIATION OF
RAlI.RO.iD SECI'RITIES.
Hatch & Foote,BANKERS, No. 13 WALL STREET,
BUT A!rD SELL
GOVERNMENT BONDS. STOCKS AND MISCBL*
Gwynne & Day,(EstablUlied 1854.) No. 4S W^ali Street,
Transact a general banking and brokerage busi-
ness In Ballway Shares and Bonds and Government
securities.
Interest allowed on deposits.
Investments careXuUy attended to.
LANKOUS SECURITIES.
A. H. Brown & Co.,BANKERS AND BROKERS.
t Wall St., Cor. New, New York.
INVESTMENT SECURITIES.
SpecUl attention to business of country banks.
John F. Zebley, Jr.,
BANKER AND BROKER.
S BROAD ST., NEW YOBK,(DREXEL BCILDINO)
Dealer In Inveatment Seenrttlea.
Orders executedat the Stock and Mining KECkaaces.
Special attention given to Defaulted BaUread ead
Municipal Securities of Ullnols, Kansas. Miasovi.
Iowa and Nebraska.
Correspondence solicited and fnll infqnMMoa
given on all classes of bonds and st<.cka.
u THE CHRONICLE. Vol. XXX
Foreign Exchansc
Drexel, Morgan & Co.,WALL SXREET,
CORNER OF BROAD, NEW YORK.
Drexel & Co.,
Ms. 84 South Tsibd 8t.
Drexel, Harjes & Co
81 Bonlevard HaaasmaDQ
Parts.Philadelphia.
DOMESTIC AND FOREIGN BANKERS.Depoalta received Buhject to Draft. Securities. Gold.
Ac, ooaght and sold on Coinmiaeion. Inierent allowedon Deposit)). ForelKD Kxcbanffe. Commercial Credits.Cable Transfers. Circular Letters for Travelers,available In all parts ef the world.
AttoR'Xktb Ain> AesNTS oflaeasra. J. 8. inoRGAN dc CO.,
No. 22 OLD BROAD ST., LONDON.
Brown Brothers & Co.,No. 59 W^ALL ST., N. ¥.,
BOY AND SELL
B1L,L,S OF F.XCI1A1VOEON GREAT BRITAIN AND IRELAND. FRANCE,
GERMANY, BELGIUM AND HOLLAND.Issue Commeri-lal and Travelers' Credits
IS STERLINO,AVAILABLE IN ANY PART OS THE WORLD.And in Francs, in Martinique and GuHduloupe.
niAKE rEIiEGRAPHIC TRANSFERSOF MONKY
Between this and other countries, through Londonand Purls.
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,AeSNTB yOB
BARING BROTHERS & COJTIPANY,6* WALL STREET. NEW YORK.
28 STATE STREET. BOSTON.
J.&W. Seligman& Co.,
BANKERS,69 EXCHANG'E PLACE,
CORNER BROAD STREBT. NEW TOKK.
Issue Letters of Credit for Travelers,
Payable In any part of Europe, Asia, Africa, Australia
tnd America.
Draw Bills of Exchange and matte telegraphic traue*
(era of money on Europe and Callforaia.
John Munroe & Co.,No. 8 Tl'^all Street, Neir York,
No. 4 Poat Office Square, Boston.CHEQUES AND CABLE TRANSFERS ONraUNROE Sc CO., PARIS.
BTERLINQ CHEQUES AND BILLS AT SIXTYDAYS' SIGHT ON
ALEXANDERS dc CO., LONDON.
CnUnjUiB NOTKS and CBSDITS POB TKAVBIJIRa.
J.&
J.Stuart & Co.,
33 NASSAU STREET.BILLS OF EXCHANGE ON
BiniTII, PAYNE Sc SmiTH'S,BANKERS, LONDON
;
MANCHESTER dc COUNTY BANK,"LIMITED;"
MANCHESTER, PAYABLE IN LONDON
;
ULSTER BANKI.VG COMPANY,BELFAST, IRELAND
AND OJf THSNATIONAL BANK OF SCOTLAND,
EDINBURG, AND BRANCHES;ALSO,
^ABLE TRANSFERS AND LETTERS OF CREDIT
No. 25 Pine Street, New York.Purchase and sell, on Commission, GOVERNMENT.STATE, MUNICIPAL iind RAILROAD BONUSand STOCKS, anil nil clashes of Sconrities dealt inat the NEW YORK STOCK E.XCHANGE, or allreputable Securities boufcht and sold in the OPENMARKET. LOANS and COMMERCIAL PAPERnegotiated. Interest paid on DEPOSITS subject tocheck
WILLIAM B. HATCH.THOMAS H. BOUDEN. aM FRANK JENKINS'
Foreign Exchange.
K-noblauch
& Lichtenstein,BANKERS,
39 WlUlam St., cor. Exchange Place.NEW YORK,
tfatce Telegraphic Money Transfers.
Draw Bills of Exchange and lasne Letters oi Credit
o all principal cities or Europe.SPECIAL PARTNER,
OKUTSCHR RANK, Berlin.
€ana<lian Banks.
Merchants' BankOP
CANADA.Capital, - . 85^500,000 Paid Up.
President, the Hon. JOHN HAMILTON.Vice-President, JOHN MCLENNAN, ESQ.
HEAD OFFICE, MONTREAL.GEORGE HAGUE. General Manager.
WM. J. INGRAM. Asst. General Manager.
BANKERS:LONDON, ENO.—The Clydesdale Banking Comp'y.NEW YORK—The Bank of New York. N. B. A.The New Y'ork Agency buys and sells Sterling Ex-
change, Cable Transfers, Issues Credits available inall parts of the world, makes collections in Canadaand elsewhere, and issues Drafts payable at any ofthe oftices of the bank in Canada. Demand Draftsissued payable in Scotland and Ireland, and everydescription of foreign banking business uaderlaken.
Neiv York Agency, 48 ExcUaDge-pIace.HENRY HAGUE. ) AgentsJOHN B. HARRIS JR., j
Agents
Bank of Montreal.
CAPITAL, -
SURPLUS, -
$13,000,000, Gold.5,000,900, Gold.
GEORGE STEPHEN, President.
C. F. SMITHEES, General Manager.
NEW YORK OFFICE,No*. 59 dc 61 \VAL1> STREET.
Walter Watbon,A. Lako, \ Agents.
Buy and sell Sterling Exchange. Francs and CableTransfers ; grant Commercial and Travelers' Credits
available in any part of the world; issue drafts onand make collections in Chieago and threughoutthe Dominion of Canada.
London Office, No. 9 Blrehln Lane.
AGENCY OF THE
Ba n kor
British North America,No. 52 WALL STREET.
Bsy and sell Sterling Exchange and Cable Trans-
fers. Issue demand drafts on Scotland and Ireland,
also on Canada, Britinh Columbia, Portland, Oregon,and San Francisco,
Bills collected and other banking business trans-
acted. D. A. MCTAVISH, » A„nt« J I.W. LAWSON , iAgents.l^- ^
Imperial Bank of CanadaCapital, $1,000,000.
H. S. ROWLAND, President ; D. R. WILKIE, Cashier
HEAD OFFICE, TORONTO.BBAKOHBft;
ST. CATHARINES, PORT COLBORNE, ST. THOMASINGERSOLL, WELLAND, DUNNVILLE, FERGUS.
Dealers In American Currency and Sterling Exchange.Agents In London: | Agents In New Y'ork
Foreign Bankers.
Nederlandsche
Handel-Maatschappij,The Netherland Trading Society
OF HO L L AN D,
ESTABLISED 1834.
Pald-np Capital, 30,000,000 Florins.($14,400,000, Gold )
Execute orders for the purchase or sale of Merchan-dise. Bonds, Stocks, and other securities. In theUnited Sutes, Europe and the Kast ; make Collectionsbuy and sell Foreign Excliange, and give advancesupon Merchandise for Kxport.
OLIVER S. CAr.TER, 1 AgenUSTANTON BLAKE. % forHKNRY E. HAWLEY', J America
Nkw York, January 1, ls79.
Office, 142 Pearl Street New York.
Nederlandsch Indischc
Handelsbank,AMSTERDAM, HOLLAND.
Established in 1863.
Paid-up Capital, 13,000,000 Guilders($4,800,000 Gold.)
HEAD OFFICE IN AMSTERDAM.Agencies iu Batavia, Soerabaya and Samarang.
Correspondents in Padang.
Issue commercial credits, make advances on ship.
ments of staple merchandise, and transact otherbusiness of a financial character In connection withthe trade with the Dutch East Indiee.
RLAKE BROTHERS dc CO,»Age.vts foh North America,
14 WALL STREET, NEW YORE,88 STATE STREET, BOSTON
Hong Kong & ShanghaiBANKING COKPORATiax.
CAPITAL (paid-up) 15,000,000
RESERVE FUND 1,500,000
HEAD OFFICE, BONO KONG.The Corporation grant Drafts and negotiate or
collect Bills payable at Bombay, Calcutta, Singapore.Saigon, Manila, Hong Kong, Foochow, AmoyNingpo, Shanghai, Hankow, Yokohama, Hiogo, SanFrancisco and London.A. M. TO^Y>SEND, Asent, 59 Wall St.
Calitornia Banks.
BosANQUET, Salt & Co.,93 Lombard street.
Bank of Montrkal,5» Wall street.
Promptest attention paid to collections payable inany part of Canada.Approved Canadian business paper, payable in gold
or currency, discounted on reasonable terms, andproceeds remitted to any part of the United States bygold or currency draft on New York. '
Forci£;ii Bankers.
Adolph Boissevain & Co.BANKERS
A24T>
COMMISSION MERCHANTSAMSTERDAM, HOLLAND.
S. T. Correspondenu.—Mesers. BLAKE BROS. * CO
The Nevada BankOF SAN FRANCISCO.
New York A8«Dcy, G2 Wall Street
Surplus, Invested In V. S. Bonds^$3,500,000 Gold.
GEORGE L. BEANDER, Agent.
Issues Commercial and Travelers' Credits available
in any part of the world. Draw»5 Exchange, Foreigand Inland, and makes Transfers of Money by Tele-graph and Cable. Gives special attention to Goldand Silver Bullion and Specie, and to California
Colleoiions and Securities; and arranges to payDividends on such securities at due dates.
Bankers, London, SMITH, PAYNE & SMITHS.do do UNION BANK OF LONDON.do New York, BANK OF NEW YORK, N. B. A.do do American ExcHAXGE Nat. Bank.
THE
Anglo-Californian Bank(LIMITED).
LONDON, Head Oflici, 3 Angel Conrt.
SAN FRANCISCO Office, 443 California StNE"W VORK Agents, J. &, W. Selieman & Co,
BOSTON Coneepoud'ts, Massacliusetts N. B'k.
AutUorlzed Capital, - - $6,000,000.Paid up and Reserve, - 1,700,000.
Transact a general banking business. Issue Com-mercia! credits and Bills of Exchange, available in
alt parts of the world. Collections and orders fox
Bonds, Stocks, etc., executed upon the most favors
able terms. FREDK F. LOW.( Mana.™™IGNATii ST hi NIIART. 3•"'"'*''"'-
P. N. LILIBNTHAL. Cashier.
Bo!itoii Banker;).
Parker & Stackpole,BANKERS,
No. 68 DEVONSHIRE STREET^
BOSTON
I June 10, I880.J THE CHRONICLE mBottton Bankers.
Oeo.Wm.Ballou&^CoANKERS,
8 Wall Street, 72 Devonnhlre St.,
NEW YORK. B094TON.
Deposits Received and interest Allowed.
Choice RAILROAD and inilNICIPAIiSECUKI'I'IES For Sale.
Geo. Wm. Ballou. Geo. U. Holt.
Brewster, Basset & Co.,
BANKERS.No. 3S CONGRESS STREET,
Bonton, IWaas.
Dealer! Is Stocki. Bonds, Gold and Ck>innierotai
oaper.
Orders execaled on Commtailon at Brokers Board
AaccloQs.and FrlVate Sale.
InvestmeBt Secarltlea constantlTnn hand.
Chas. A. Sweet & Co.,BANKKKS
40 STATE STREET, BOSTON.
DEALERS IN GOVERNMENT SECURITIESState, City, County and Railroad Bonds.
F. H. Peck,BANKER AND BROKER
No. 7 BXCHANGE PLACE,
BOSTON.
Jackson & Curtis,
STOCK BROKERS,
iraneNS' bcilding,Bo§ton, Ma§8.
Soutlicrii Bankers.
Wilson, Colston & Co.,BANKKKS ANu JiUO&BRS,
BALTIMORE.tSVKSTMKNT and VIRGINIA SECURITIES s
ipeclaltv.Correspondence solicited and Inforn-ation far-
alBbed.N. \ . CoBBBSPONDEiTTB—McKlm Brothers A f^o,
B.S. BSBBUss, Pres't. A. K. WAI.KXB, Cashier.
First National Bank,'VriL.iaiNOTON, N. c.
CnUeetions mane on all parts of the United States
THOS. P. miller. R.D.WILLIAMS, JNO. V.UILLEBCHAS. B. MILLEK.
Thos. P. Miller & Co.,BANKERS,
MOBII^E:, ALABAMA.Special attention paid to collections, w^ih prompt
remittances at current rates of exchange on day ofpayment.
, . .« ^ «Correspondents.—German-American Banic, New
Yorli; Louisiana National Bank, New Orleans; Bankof Liverpool, Liverpool.
C. F. PbnzkL, 5 STATE BANK. ( C.T.WAtsKBBPresident. ( Incorporated lei75. j Casblbr.
German Bank,LITTIiE ROCK, ARK.
CAPITAL (PAiD-ra) ..$TS,00&.
SUBPLCB a£,ooo.
Prompt attention given to all business In onr line.
N. T. C0EKK8P0NDKNT8, Donnell. Lawson & Co. and
f^e Met'-onolttAn National Bank.
Financial.
Dodge, Potter & Co.,BANKERS
AND
COTTON COMJIISSION MERCHANTS,
34 PINE STREET,New ¥ork.
Financial.
BO:«D8 OF SVIIETYSHIPFor Omcem and Employees or Bank
and ItaliHTHya.
No BANK Oil RAILHOAI) KUPMIYEE NEED ANK UIKrUIE.NUD TO UK< OMC OU L'o.tTIKl'l I|l«
BUItETIKH, AH TUB
Canada Guarantee Co.GRANTS BONDS OKELIGIBLK .MKN IN ^'
TItlKLINO en ^
This company'it Surtiof the prlncl|iul L', H. ):
of the ilankn. In Ciuium .
universally remilrtMl hvHullwars, und Ouinint'i > i i
The Canada <i('Ai{.v\ i kk
TV KoK ALLrv"\^ AT AM.)>y many'ind some
.in.' ti>.w almostniments, Banlu,i<'i]it.
.^ii'ANV 111 thofmluCompun/ on the AmiTli-tui Continent that himsuccessfully conducted this business,—a ri'sult ofwhich In that It has hofii able to establish a Ikmiu8Vstem»ror thosu who have boon 8 or more ycwrs onthe bitoks, whon-by the nubRoqucnt premiums aroannuully rothiced.— (h*' m/ui(ia» thU yrtir U Jrom Iftfo ;i5 per anmn the iitnuO nttf.Theadvantatfusof transactlns business with thfi
Company are that It Is a well-establlnhcd Institu-tion, and has amnle reserves, 4)ver and above Itscapital, tu provide aifalnnt excejttlonal reverses.The most complete and reliable Information Is ob-talned auto the iintecal>nt)i ut Kmployces.and this Isrealn- of the first importune© »»» the Kmplover, asalso the system of periodiital supi'rvlslun and revis-ion of those on the Conipittiy's Rouks.Over $100,000 have already bei'n paid by this Com-
punv for losses by unfaithful employees, wUhout anin'jie contest at law.Thi» Available Assets of the Company (at31st Dec, 187H) over and atM>Ye undtlledCapital, were IllO.OW
And the Gross Resources $476,406(See Report to Government to December 30tb, 1878.
Just published.)PnospECTus, F0U.M8, \c., may be had on applica-
tion to theHKAD OFFICK:
360 »t. JainoH Street, Montreal.EDWAKl) KAWLINtiS, MauaKiT.
Theo, V. Sand. Max R 8a vd.EuwAiU- A. Pktit, Member N. Y. Stock Exch.
Sand Brothers & Co.,BANKERS AND BIIOKEKS,
54 Vrall Street, New York.
STOCKS AND BONDS BOUGHT AND SOLD ONCOMMISSION.
COMMERCIAL PAPER NEGOTIATED.
WM. C. NOYES,31 NASSAU STREET,
BUYS AND SELLSGasHslit Stocks,
Trust Companies' Stocks,Telegraph Stocks,Telephone Stocks,
Railroad Stocks and Bonds.ALSO,
^.'.1 Classes of Investment and Miscellaneous
Securities not actively dealt in at the NewYork Stock Exchange.
R. A. Lancaster & Co.,BANKERS AND BROKERS,
66 BBOADWAV, NEW YORK,DKALEUS IX
First-Class Investment Securities.GOVERNMENT BONDS, STATE. CITY, COUNTY,RAILROAD & MISCELLANEOUS SBODaiTIKS
Bought and Sold on Commlsaloa.Virgtnia Tax-RecnvahU Cou/mtih Bought.
80UiUERN SHCURiriES A .IPUVJALZr.LOANS NEGOTIATED.
IKTEIIKST ALLOWED ON DEPOSITS.
Sheldon & Wadsworth,10 TVA LI. STREET,
BANKERS AND DEALERS IN
BOKDS A^n STOCKS.All classes of neBoti«ble securities bought and
sold at the Stock Exchange on Commisslun. Ad.vances made un same.
WM. C. SHELDON. WM. B. WADSWORTH.
New York, New England & Western
INVESTMENT CO.,NOS. SI AND 33 PINE ST., NEW YORK,NO. 19 CONGRESS 8TRKBT. BOSTON,UNION BUILDING, CHICAGO.
CAPITA!. STOCK, - « - $300,000
Offers to investors careftUly-selected securities
bearing from 8 to 8 per cent interest. Investmentsecuritios bought and sold on commission. Settle-
ments made for holders of defaulted securities.
Will act as agents in funding and reorganizing debts
of munictpaUties, railr «<t companies, and othercorporations. Correspondence solicited.
JOHN C. SHORT. I'rcsiJent, ] »,„ York.
Luca'8 L. HUBiiAiiu. Asst. Vice-Pres., Boston.WM. P. WATSON, Sec. imd Tre»8.,Chle»go.
FUuiBctal.
FIDELITY tiUABANTEB BUNDSAlts IMIL'KO BY THE
FIDELITY 4k CASUALTY ۥ.or SEW YOBK,
GuarsntMlns the ddoliir of sMoas haMlaa Mit.Ili.ri* of tH'tllllllirV Irii.l nil rM.iH.n.tKlllt v ISMi" '
'u 0< »I" ' r Iks'• MKSiaall (t'..ii i.Mi" ..I (ru.i.Kuiilinr.,rmaiioBeaalMaMalit«dst MM oaas. U*
Brimdwav.WM. M. HlrilAKIiN. 1're.lilt.fit
.
Lyma.h W I
I,—,_.,11. MM-
. Bar .._H. T. Htmnahan. l harli'. iNinnIa,
il B. ClaRItilriifti". 15. 11. Cbllleodtia.
Krai AMst.iiuiira.u.
I.<tw. A.H. Harni... II. A. ilorApi,T. Htmnahan, l harlf. iHinnla. WB.
II B. claRln. Jobs U. Malrs. LxBsa W.
The Brooklyn Trust Co.Cor. of Monta«aa * Olnlon aU.. Brooklfa, K. T.
This Compsnr la aothbrtied hj apselsl rtifHf to~*ilvsr, traatas, (ssnllaa, anniiliM wT
real estata, ectlTMir In'terMtTiV dlvidanSs, isestfareslstry and transfer IxKika. or make psressas sad
set aa reealvsr, traatas, (samllaa, anniiliMmiDlatrator.
It oan act a* acsnt In the sal* nrolli
sale of Government and other securltlaa.Rellglims and charlubl* Inatltutlima, and psrteas
nnaocustomed to tha tranaaetlnn of tinalnaaa, vUtttnd this Companv a .tif.. >*'>.i '-'•'>T(*nl«nt depusltorTformoner. Rll'l -". l>rMldani.
„ „ <H \ viN. Vloe-Prsst-Bdoar M. CITLLKn
'i'Ul •* rKK.-* :
Wm. B. Kendall, Ilcnrr 8an«er, Alex. McCaa.John P. H<ilfe, Chaa. B. Marvin. A A. I»w.TtauiuaaSulllvan.Abm. B. Bajrils. Ilvnrr K.8hsl4oaU. iCPIerreiMint. Dan'IChaunccj, John T.Martin,Alex. M. White. Josiah O. I.OW, Klplev RoMS,
Auatin Corbln. Edmund W. rorlles.WM. K. BUNKER. SaeretaiT.
Oilman, Son & Co.,BANKKRS.
63 CEDAR STRBBT.In addition to a General Banking BoalBea*. bay
and sell Government Bonda and Investment Secart*ties
M. C WALCOTT Sl CO.,BANK BRS,
No. 43 Broaa StrMt,Transact a General BanklncBnalneas.baf and aellon commission all seeurities dealt In at tbe NewYork, I'hiladelphia and Boaton Stoek Kxohaama.either for cash or on margin. Speelal atteaUoagiven to Mining Stocka.Jos. C. Walcott. Fhaxk y. Dirancsoic,Members N Y. Stock and Mining Kxctaangea.
OWABD POMKKOr, W.H.COZ,JB., OSCABB.SMrrM
Pomeroy, Cox & Smith,
BANKERS AND BROKERS,
No. ST BROAD STRBBT.
R. dT. Khnball &" Co.,.
BANKERS and BROKERS4 Exchange Co trt, Ntv) York.
It ftart mtmiirthif in V. Y. Stttk Mxci^ngl,
B»y Mini SeU 0M Commission, /or Cask^ om aa '
Mttrtiss, S/octs, BonJs, mmJ all InvtstmtmtSoturitits, in lots to tuil.
JamesM. Drake& Co*BANKEBS,
21 AND 22 DREXEL BCrLDIKO,
\rall St., New Ifork.
BUT and SELL RAILROAD STOCKS and BOND*,V. 8. GOVERNMENT, STATE. CITY, and all otkaTNegotiable Securities, ON COMMISSION.Mr. J. M. Drake has been a member of the NeJ
York Stock Exchange since WfB, and will give per.sonal aUetittontoan boalneas entntttedto the tr».
iBoodtft
Aic Uettau& Co*
BANKERS,68 Broadwaj, cor. Exchange Flace,
TRANSACT A GKNBRAL BANKDie BUBUW88,INCLUDING THE PURCHASE AND SALS OFSTOCKS AND BONDS FOR CASH OR ON MAB.GIN. BUY AND SELL COMMKKaAL PAPBB.:
P. O. Box «7.
D. A. BOODT. f- W- MCLn*!*, J«.,
BIXTBKN LKLAND,
IV THE CHRONICLE. |VcL. XXX
Financial. Financfal. rinaiioial.
V^LUJE OF
Railroad Securities.
A HAND BOOK FOR
BROKERS AND IVVESTOR^.
The lirsl edition ol tliis little Vuxik having
licen 61)1(1 almost liiiiuediatcly on Its isKiie—
Jauc 14—there in now in press, anil will be
reiuly in a few days, the
Second JEilitioii.
The lioolt has been changed slijjlitly in form
since the issue of 1870, and new matters have
alBO been added.
CONTENTS:1. Bonded Debt and Interest <.'l'..irj;es of all
Railroads earning tlie Interest on their
Bonds, or any Iss\ie of Bonds. C?ri)es and
Net Earnings for Three Years.
2. Highest and lx)west .Monthly Piiees of Kail-
road Bonds at the Xew York Stock Ex-
change, for Foiu- Y'cars, 1(570-1880.
3. Highest and Lowest Monthly Prices of Rail-
road Stocks .at tlie New York Stock Ex-
change for Five Years, 1873-18^0.
4. Yearly Range of Leading Stocks for Seven
Years, 1873-1879, and to May i!5 in 1880.
5. DiTidend-paying Railroad Stocks at the New-
York Stock Exchange, and Dividends r.oid
' for Five Years.
6. Railroad Earnings from January 1 to May 1,
1880, compared with same period in 1879.
Price, ill Red Leather Covers, $1 00.
A large ditmmit oh thiv price it allowed to
Banktri a»»d Brokm-s who order 25 or more
tepHes, f»r their eitstoincrs.
WILUAM B. DANA A. CO.,
PUBLISHERS,
f 9 * 81 WilUam Street, N. Y.
Kountze Brothers,B .\ N K E R 8
,
120 Broadway (Equitable Buildliis)^
NEW YORK.LETTERS OP CREDIT
.AND
CIRCULAR NOTESIssued for the use of travelcrt in
ail parts of the world.
Bills drawn on the Union Bank of LondonTelegraphic transfers made to London and to
various places in the United States.
Deposits received subject to chec*k at sight, and in-
terest allowed on balances.
Grovernment and other bonds and inxeatment se-
curities bought and sold on comiffissiun.
J.C. Chew,
No. 7 WALL STREET, NEW YORK.TEXAS BAIL^VAYS
BONDS, LANDS. &.C.
Desirable Texas Securities lor Investment con-sluntly on hund.
FOR CHOvC£
7 Per Cent Mortgages,
ADDRESSV
SMITH & HtN.UAMAN,Indlaiiapol.s, Iiid.
»VANTED:Alabama, Sontli Carolina & l.oulslana
State Bonds;>>e\v Orleans Jackson & Gt. ?forthern«
.TIii*Missippi Central, and ^lobileAc Oblo Railroad BnndK ;
City of New Orleans Bonds.LEW iV BORM,
14 WALL STREET.
WA\TED:All kinds of MISSOURI and ILH.VOIS DK-
FAULTKl) (OUXTY BONDS. Hifc-hest miirketprice paid for them, (ilve full description, nafaddress.
L. A. COQ17AKD.n A N K B n A nT) broker.
134 N. Third street, St Loiiln, ..Uo,
''pHE iriVIOV PACIFIC RAILAVAV-• CO.MPANY. - A DIVlDRND OF ONE ANDONE-HALF PER CENT on the capital stock of theUnion Pacific Railway r-oinpuny will be paid on andafter July 1, 1880, to stncliholdera of record June 10,
1880. New York ftoeklioldcrs will be paid at theUnion Trust Company, 73 Broadway, New York, andBoston stockholders at the Company's Office, No. 44Equitable Building:, Boston. Stock books will beclosed June 19 and be re-opened July 2.
HENRY JlcFAHLAND, Treasurer.Boston, June 15, ISSO.
OFFICE OF TBE HOnESi'AKEMINING COMPANY, No. 18 WALL ST., NEW
York, June 14, 1880.
DIVIDEND No. IS.
The Regular Monthly Dividend of Thirty Centsper share has been declared for May, payableat the office of the transfer agents. Wells, Fargo &Co., 65 Broadway, on the 23th instant.
Transfer books close on the 10th instant.
H. B. PARSONS, Assistant Secretary.
LITTIiE CHIEF .MININO COMPANY,ROO.M No. 54, BOHKEL BUILIUNO, )
No. 115 Broadway, New York. June 15, 1880.
»
The Board of Trustees have this day declared aMONTHLY DIVIDEND (No. 5) of ONE Per Cent onthe TEN .MILLION DOLLARS mO.OOO.OOOl capitalstock of this Company, amountlnc to ONE Hl'N-DRED THOUSAND DOLLARS (»100,000), or FiftyCents per Share, out of the fifth month's netearnings, payable at the Mining Trust Company,on the 23d Inst.Transfer books will close June 19 and re-open
June 24. D. F. VERDENAL. Secretary.
yi/'ESTERIV UNIO^r TELEGRAPli'' COMPANY, New York. June 9, 1880.
DIVIDEND No. 52.
The Board of Directors have declared a quarterlydividend of One and Three-Fourths Per Cent uponthe ciipital stock of this company, from the net earn-ings of the three months ending June 30th Inst.,
payable at the ofBce of the Treasurer, on and afterthe ISth day of July next, to shareholders ofrecord on the 19th day of June Instant.
The transfer books will be closed at three o'clockon the afternoon of the 19th day of June instant,
and win be opened on the morning of the lOtta dayof July next.
R. H. ROCHBSTBR, Treasurer.
Barnum's Museum Co.CAPIT.tL STOCK. 8:5.000,000.
Sliares, $iOO Eaclt.
ThU company has boon organized for the purposeof erecting a permanent Exhibition Building andPalaceof Amusements on the present site of Madi-son Square (larden, which entire property, boundedby Ma ison and Fourth Avenues and Twenty-sixthand 1 wcnty-scventh Streets, in the City of NewYork, has been purchased by this company, ofwhich Mr. P. T. BARNUM le the President andGeneral Manager.Subscriptions are invited, at par, by the under-
mentioned c^impan' , for the unsold portion, viz.
tl,730,000 of the capital stcck of ihc Museum Com-pany, until July 15 prox.,at noon, and will be re-ceived in even hundreds in any amount. At thatdjte the public subscription will be closed. Theright is reserved to advance the price after that datewithout notice.
If the subsciptious received to that date shall e.<-
ceed $1,750,000. the stock subscribed for will beallotted to the subscribers pro rata.
No subscription is to be binding or become payable until the entii-e amount is subscribed.
Prospectus and further information will be lur-
nished on appl. cation to
Ncn'Vork, >'eiv England &: Western
ixvisiMC\r co;?iPA.\v,Nos. 31 AND 33 PINE STllEUT, NEW VORK.t
Financial Agent fo.- Barnum's Museum Co.
The Pelican -t-c Dives9il\l\'G COM.'AXY.
Organized under the laws of the State of New York.Silver mines situated at (JEOltGETOWN. in
Griffith Disi rict, Clear Creek Countv, Colorado.Capital stocK, *5,00O,0O0i iiOu.OOO shares : par
value, » 10.
STOCK FULL PAID AND NON-ASSESSABLE.Registrar.^ ol' 'rraiisfers : Farmers' i.oan& Trust
Company. Hankers; The National Bjnk of theStale of New York.
O FirEnS:NOKVI.V GRKE.V, Prc...idonl.HENRV S. RUSSELL. Vice-Presldtnt.'HIE •. N. VaII,. \ ice-President.R. H. ROCHB-T.'IH, I reasnrer.<if()HGK c. WILDE, Secretary.
CLXRE.NCH CARY. New York, i ,., , ,
Jt.ltOMKr..\lA.NNlNG.Worce.,ler, M S6. > ''™'"*^''
A llniitGd atiiouut of stock for sale byCHA?<. UNUEU dc C> ,
No. 46 Excliinse Place, fiew lorlt.Prospectuses and information furnished uiM:>n
application to above.
^V AM TED;Flint & Perc Marquette Railroad Certi1icatc3Central Railroad of Iowa Bond.s unvi Stock.Port Huron & Lake ^Michigan HR. Co. Certificates.St. Joseph & Western llallroart to. Securities.Des Moines & Fort Do 'ge Railroad Bonds.New Jersey Mliilund Railroail Securities.New York & Oswego Railroail Securities.Indianapolis ,V St. Xjouis Railroad Bonds.South & N4)rth Alabama Railroa.'l Stock.South Carolina Railroad Securities.Kansas A .Xebniska Railroad Secuiities.Greenville X Columbia Railroad Securities.Vicksburg i^c Meridian Railroad Stock.City. County and Town Bonds of Western States.City of St. Joseph. Mo.. 7 and 10 Per Cent Bonds.City of Atchison. Kansas. Old Bonils.Scioto Valley liaiiroad B<^nds and Stoc'(.
WW. R. IITI.EY, 31 Pine St., N. V.
A Sl'LCIlLTV.Southern, West ,'rn, Northern and Eastern Railway
Bonds and Stocks; also. State, Municipal and all
classes of reputable investment securities, boughtand sold at best ntarket rates. Investors and dealerswishing to buy or sell are invited to communicatewith us. Loans negotiated for bankers and brokers.
CHARLES B. OREESfE,BANKER AND BROKER,
Room 21. 30 Broad St., New I'orlc.
WANTED
:
City, County and Toiiruslilp BondsOF THE STATES OF
MISSOURI, KANSAS and NEBRASKAALSO,
All Classes of Kailroad Bosds.
tobet & kirk,No. 4 Broad Street, New Yorlc.
N. T. Beers, Jr.,
BROOKLYN SECURITIES, CITY BONDS,
Ga« Stocks, ice.,
N«. 1 NEW STREET^NEW YORK.
m^mHUNTS MERCHANTS' MAGAZiNB,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.lEntcrcd, according to act of CongrCM, in tUe year 1880, by Wm. B. Oajia & Co., In the olUce of the Libnuiao of CongraM, WMhla«toii, D. CI
VOL. 30. SATURDAY, JUNE 19, 1880. NO. 782.
CONTENTS.THE CHKONICLE,
StoeliB iUiil Meroh-inilise Im-proving 635
Usury I'eualtlcs Repealed C3<iWhy Not Klfcimiiil Sessions?. . . 637TlieSupplciuent-iry Conferenceand Mr. Hiwcheu's Mission .. 638
030Cotton AereaKC and Condition.Latest Monetary and Coiunior-
eial KuKlish News (itOConwnerciul and MiiiceUaucouiiNews lU-Ji
THE BANKERS'Money Market, U. S. Securi-
ties, Railway Stoclts, ForciiwiExchange, New York CityBanks.etc Ctia
GAZETTE.Qnotatlons of Stocks and Bondu MtiNew York Local Seeurities (>17InveHlnients, ami State, Cityand Corporation Finances. . . (i-ts
the improvement, for the expense account haa not
increased in proportion to the increased busineas. Toilhistratc this, we can of course only include those roads
that report expenses as well as gross earnings; but in that
way we shall reach an average which will be useful in
studying the dividend prospects of all roads.
THECommercial EpitomeCottonBroadstutts
COMMERCIAL TIMES.G,52 I Dry Goods t;.")8
6.'>2 lmi>orts, Espoits and Receipts U.')))
.... 6.57
The Commercial and Financial Chroniclb is Usued every Satur-day morning, with the latest news up to midiiiglu of Friday.
[Entered at the Post Office at New York, N. Y., as second-clas.smail matter.]
TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCE:For One Ycir (including postage) $10 20.PorSix Mouths do 6 10.Annual suljscription iu London (IncludinK postage) £2 7h.Six mos. do do do 1 Ss.
Subscriptions will be continued until ordered stopped by a writUnorder, or at the pnblicalioii office. The I'ublishei-s cannot bo rcspoustbiufor Remittances unless made by Drafts or Post-Offlce Money Orcferg.
AdTertlBementa.Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders arc (riven for five, or more. Insertions,a liberal discoimt is made. Spocjal Notices iu Baukiug and Financialcolumn 60 cents per line, each insertion.
WIU.IAH B. DANA, ) WILLIAM B. DANA & OO., Fnblisbers,JOHN a. FI-OYD, JR. j 79 & 81 WiUUm Street, NEW YORK.
Post Office Box 4592.
STOCKS AND MERCHANDISE IMPROVING.Every event of the past week has been of an improving
nature. Our stock market has been steadier, and values
are on the whole higher. The public is beginning to see
that there is a limit to a speculation for a decline, as surely
as there is a limit to a speculation for a rise; that these recur-
ring tides must come, but that they are not indications of
value. General disappointment felt at the sudden blasting
of the bright hopes prevailing a few weeks since, and the
losses—or we might perhaps more accurately say, the
wiping out of supposed profits—resulting from the great
decline in merchandise, favored the plans of those who
have so long been depressing railroad securities. Kut it
looks vei7 much now as if shortly the stock market might
break away from any man's control.
As shedding light on the subject of the values of rail-
road securities now, compared with a year ago, we have pre-
pared the following tanle. The purpose of it is simply to
show how very much more the roads are making than they
were twelve months since. This we indicated in part by our
table of gross earnings last week. But a special feature of
this year, and one that we have several times referred to,^
id, that the increase in gross earnings is not the limit of
|3|
mmIP
no*
II-S,H.o
2 't =•
S3.S
5 M_COS
(tg.= s.» ? .-< S * i = = = * = •"« 5 2 » ==2
:i'^': 3 = 1 7
: 53": Wr»2=:
l^
a-; m. 3?;
»:
-*--» = r r-3fce. » = - = i ; = S ""O' 3»r=-= =
:.-: ?2-
; s =•= » -Sr; • *»-
; S"T5=«:
; ; ; s; f; i
: : : El |: : : ; 3
a:©•
sr:
btco
to
" o-i32
»— (Ot-i W 10 *-M»0
x_j' .f-p -1 c: ,^p i" - 1— o ^1 — "-
*•^ *3> cc » ^iM *- Qc COAo b" ia b» CO
stages13r'Pr* 5^ r
"i Mljrc i: c -•« c: — X :3 — M "- w w
*J U CO C» w-» X S CS CSf C wi t^ CJ !3 to
M-ixttiaat-
o«ca
C03:gaeo
«a5*o
s
tc tc X -^ - Mo w tC Si »- OS © iC ^©L • 1-1 tr> 1^ — ^ w cj t" •-o o»«wOSoIt*V1; X Ic c — '- ' cj i- '-u -^bbp oLI c- T.x *- -• '^ ;o r; ' I c •». 3 5^00c-fatr-inwDOix oooax*-—
apcsMt^ioS«^pco^^
^Ot3M»P
®w X Cii^ COO MC »3 *J 10 »C t-"
QC -1 ©OO O -JPX '-' CI aX O «*»*»C0t*«»C*_jCU«»O_3;X©W—
X
b'^^lWilnWCc'^C© —tvC— '-3«^cojD©^©yih-©ip*.-< — w.»core © o* 5 10Xo» c< CO© c X It to«
to
XXCO^JWC*^v-»-rx^ixMicxtctoio^POM>l*fcC0
COtOW (OtOP »0»0<^N< >^^ QCU ^MP®P©P;Xp*fc;q*-XlCtO_:,i_'-j„» PP^OPIC-J^0»i«^*-PCJ<MlD% ioVc^cVt-ltOODPOCOCnCi — "O**»XCSC0«-
'^P^COODP^PptO^JO
The foregoing table bnngs us to the surprising result,
that with gross earnings increased 26 per cent, net earn-
ings have increased 47| per cent Clearly it is not the
whole truth, therefore, when it is asserted that ou r roads
are earning about 25 per cent more than at this time last
year ; it would be more accurate to say that they are
earning nearly 50 per cent more. Of course there are
several causes contributing to this, but it is mainly due to
a revival that has taken place in the country's commerce,
and to the better condition of the people. We are all of as
traveling more and buying and selling more, and conse-
quently cars that were half full in 1879 are returned fuU*^
636 THE CHRONICLE, [Vol. XXX.
now. This adds scarcely anything to expense but largely
to profits.
Under such circumstances as these, it is no wonder our
Stock Exchange is showing an improving tendency. But
recovery in our merchandise markets has also made good
progress during the week. Last Saturday we called atten-
tion to the diminution taking place in our import move-
ment. This week we have a further illustration of the
restoring eSect of natural causes acting upon our export
movement. For the seven days ending June 15, the
exports at this port—New York ordinarily furnishes less
than one-half the country's exports—amounted to $10,-
802,522, which is $1,561,892 above what they were the
week before, $2,759,700 above the week preceding, and
marks the highest weekly figure ever recorded in the his-
tory of the trade. The largest previous total was made in
September last, when the exports aggregated $9,982,608
for the week ended on the 2d of that month. We give
below the total for each week since the beginning of the
year.
Week endiiif/—
Jan.
Feb.
Mar.
6.13.20.27.3.
10.17.24.2.9.
16.23.
Yulue.
$5,906,6694,998,1575,687,8236,744,8796,332,8785,720,0016,825,4436,147,4845,293,4497,775,9546,932,9798.146,413
Week ending— TdlKC.
Mar. 30 $7,291,412April 6 7,194,662" 13 7,545,333" 20 7,555,588" 27 8,196,954
May 4 8,538.857" 11 . 7,704,923" 18 9,171,858•' 25 8,859,558
8,043,8228 9,240,630
" 15 10,802,522
A short time ago we were a good market to sell in, but
a very poor market to buy in. The consequence was that
we became flooded with foreign goods, and could not dis-
pose of our own, resulting in increased stocks of all arti-
cles, domestic and foreign. We are now experiencing the
salutary effects resulting from the reaction which took
place, and these are well illustrated by the gradual growth
in our exports during the last few months. In fact, the above
figures show us that the export movement almost imme-
diately felt the stimulating iniiuence of the decline in
prices. The present large totals are the more gratifying that
the movement is not usually very heavy at this season of the
year. It is not surprising, therefore, that, strengthened
by diminishing imports and increasing exports, the mer-
•cantile markets should now exhibit a decidedly better tone,
and that high hopes should be entertained of the future.
USURY PENALTIES REPEALED.It seems that the Legislature enlarged, before its pas-
sage, very decidedly, the scope of the bill amending the
State Banking Act. As originally introduced, its pur-
pose was to put State banks under the same regulations
with regard to taking usurious interest, that the United
States law had placed the national associations. It will
be remembered that the Legislature at Albany passed
still another statute extending to State organizations
the same privileges and exemptions with regard to State
taxation, that national institutions enjoy under the late
Supreme Court decision. In a word, it has always been
the policy of the State—and a very proper one too—to
give to its own corporations every advantage the United
States corporations possessed.
It will be remembered, however, that when the newinterest law was passed in 1878-79 it made no mentionof State banks or of usury laws, but simply provided
that from and after January 1, 1880, for all future con-
tracts the rate of interest should be 6 per cent, and then
repealed all acta or parts of acts inconsistent with it.
Of course the question at once arose, does this repeal or
make void the exemption in the State Banking law
which, according to the wording of the Banking law, ap-
plied to 7 per cent interest rates. To meet and removethis doubt the statute we have first above mentioned
was prepared. But at some point on its passage an
amendment was introduced extending the operation of
the act to " every private or individual banker or bank-
"ers doing business in this State," and the law was so
passed and has now been signed by the Governor. Theact as it now stands reads as follows.
Section 1. Section 1 of chapter 163 of the Laws of 1870, toamend an act passed April 18, 1838, to amend act.s relative tothe banking business, is hereby amended bo as to read as fol-lows :
" Every banking association organized and doing busi-ness under and by virtue of this act and the various supple-mentary acts amendatory thereof, und every private or individ-ual banker or tankers doing business in this State, are herebyauthorized to take, receive, reserve and charge on every loan ordiscount made, or upon any note, bill of exchange, or other evi-dence of debt, interest at the rate of 6 per centum per annum,and such interest may be taken in advance, reckoning the daysfor which the note, bill, or other evidence of debt has to run.The knowingly taking, receiving, reserving, or charging a rateof interest greater than aforesaid shall be held and adjudged aforfeiture of the entire interest which the note, bill, or otherevidence of debt carries with it, or which has been agreed to bepaid thereon ; and in case a greater rate of interest has beenpaid, the person or persons paying the same, or their legalrepresentatives, may recover back twice the amount of theinterest thus paid from the association receiving the same,provided that such action is commenced within two years fromthe time said excess of interest is taken. But the purchase,discount, or sale of a bona fide bill of exchange, note, or otherevidence of debt, payable at another place than the placeof such purchase, discount or sale, at not more than the cur-rent rate of exchange for sight drafts, or a reasonable chargefor collecting the same, in addition to the interest, shall not beconsidered as taking or receiving a greater rate of interestthan 6 per centum per annum."
Sec. 2. Section 2 of .said chapter is hereby amended to readas follows :
" It is hereby declared that the true intent andmeaning of this act is to place and continue the banking asso-ciations organized and doing business as aforesaid on an equal-ity, in the particulars in this act referred to, with the nationalbanks organized under the act of Congress entitled an act toprovide a national currency approved June 4, 1864, and all actsand parts of acts inconsistent with the provisions thereof arehereby repealed."
Sec. 3. This act shall take effect immediately.
There is nothing, as will be seen, in this statute,
repealing in deiinite form and words the usury laws;
but in the first section a permission is granted, and a
remedy for taking double interest is provided, which are
inconsistent with those laws. The usury penalties say
that any one taking more than the legal rate shall for-
feit the entire principal; this new act now says such
person shall forfeit double interest, which must be con-
strued to mean nothing, unless it means that they shall
forfeit no more; for, according to the old provision, they
not only forfeited double interest, but the whole debt.
That is to say the act is mere waste paper, unless it is
a restriction of the former penalty; and no court will
pronouncea statute nugatory if any other interpretation
is possible. Furthermore, at the close of the second
section the Legislature has added that all acts and parts
of acts inconsistent with the foregoing provisions are
repealed. Evidently the law-makers understood that
what they were then providing was an absurdity if they
left the old penalty to stand; so they repealed it.
But one will see on reading the foregoing law that
there is room for a question because the words " private
or individual banker" are inserted only in the first sentence
of the first section. This was evidently an oversight, for
they should have been inserted also in the second sen-
tence of the same section in connection with the word" association." But after a careful reading of the act it
does not seem to us that this will be held to be material;
in other words, we believe the courts will say that the
Legislature intended all parts should apply to the par-
ties named in the initial sentence. So that any one whocan under the statute call himself a " private or individual
banker," is henceforth classed with State and national
June 19, 1880.J THE CHRONICLL. C37
banks and can take such interest as the market rate per-
mits, only forfeiting double the interest if he receives over
6 percent. As, however, the present market rate is about
3 per cent the law will have no immediate application.
But it is a very interesting fact that our Legislature has
made this long stride towards free trade in money.
WJir NOT BIENNIAL SESSIONS?Congress has adjourned. Saying so reminds us of the
witty and kindly pedagogue who announced to the
parents of his pupils the date of opening of the Autumnterm of bis boarding school by a simple advertisement
thus :" Dear Boys : Trouble begins Sept. 6." Only
here the cage is reversed, for the fun is all in the school,
Congress, and the trouble goes to the rest. Trouble
begins with December, and one might almost fancy a
prophetic connection between this and the well-known
line " now is the winter of our discontent," so certain is
a cloud of uncertainty and discontent to pass over the
financial and commercial sky when the session opens.
Trouble ends with adjournment, and when one finds
that event has happened without his business prospects
being disturbed by new legislation one draws a sigh of
relief, and feels a gratitude akin to that of the country-
man who, hotly chased by a bull, jumped the fence and
then, turning about, politely thanked the animal for not
having helped him over.
y It must nevertheless be admitted that the Forty-Sixth
Congress has been much less disturbing than usual
during this session, and this appears the more strongly
in contrast with the late unusually disquieting session of
our own legislature. This has been the " President-
making " ses^sion of every fourth year, and, in obedience
to the modern paralytic dictum that the way to avoid
unpopularity and to make a President is to do nothing
at all, the time has been dawdled away in a state of intel-
lectual incapacity and moral coma. Buncombe, which is
the political name of " deestricks " in every State, has
had speeches delivered to it by being dumped, under the
usual leave, on that great dust-heap of oratorical refuse,
the Record ; a territorial delegate, entitled to speak but
not to vote, has avenged this semi-disability by" addressing " the House in the blankest of blank verse;
the river-and-h arbor blanket-grab has not been forgot-
ten; the hearts of one lot of persons interested in
*' private bills" have been gladdened, while others have
been saddened; the routine measures have been passed,
and what is known as political legislation has not been
neglected.
But as respects really public business, in which
nobody in particular has a selfish interest, the
session is almost barren. Revenue reform is postponed,
by the device of handicapping some simple measures
that could and probably would have gone through,
alone, with others that struck so generally as to arouse
opposition along the entire line of protected interests;
but the country can get on awhile yet without change
in the tariff. On the other hand, the seed sown by the
silver law of two years ago is still growing into a crop
of disaster which must ripen in course of time. The
step which the country most needs, in all sections and
interests alike, none excepted unless the bonanza people,
(although it is not easy to see how their real interests in
this matter are opposed to those of the country at
large), is, the avoidance of this mischief. A simple
joint resolution suspending the coinage of silver dol-
lars would accomplish that, and we urged this last
December, as we did in the previous December, as the
one step which, above all others, was really demanded.
Saoh a resolution coald have bMD paaaed within tweotj*four boars, bad Congrett posi«Med enough wisdom and-
courage to recede from a foolish position. In neither ofthe two sessions held since the silver law was passed
conld such a provision have been enacted. As the wis*
dom of Congress is now above such folly, why is not thedeed undone? The negative merit that Congrt^s baa sat
more than half a year without doing any material mia.
chief to the country beyond spending public money ia
something not to be lightly eateemed; still, it wouldhave been vastly more satisfactory bad deliverance fromthis silver trouble given us some positive act to set tothe credit of the session.
Yet, what do we have a Congress for ? Every little
girl playing with her doll simulates the cares of maUr>nity by promptly assuming the presence of infantile
maladies; might it be imagined that we keep a Con-gress so that we, as a people, may not find our life flow-
ing too tranquilly and thus be happier than it falls to the
lot of man to be? On what rational supposition shall
the fact be justified that we have an annual meeting ofmen from whose work we dare to expect little better than
that they may refrain from doing us much harm, forwhomwe feel like apologizing to mankind, and whose shortconi*
ing we endure as though (as in case of the weather) we badnothing to do but endure whatever comes? If there ia
still any idea that Congress will make times better, it ia
of the most vague sort, and goes no further than the
possibility that change may somehow blunder into im.
provement; the general feeling is noquestiooably
anxiety, and the general effect is disquieting. There ia
nothing foolish and mischievous which these men maynot do, and nothing so wise and indispensable
that they are morally certain to do. Not-
withstanding telegraphs and clearing systems, time
is still a large factor in business transactions, and what
a merchant or a manufacturer begins to-day must often
extend over some months; he acts upon the situation of
to-day, and his action must take in, and in results be
affected by, not only the uncertainties of to-day but
those of several months to come. Hence, when to
what can be tolerably foreseen by reference to all past
experience must be added a special set of uncertain-
ties, subject to no influence which he can bring to bear,
and not to be predicted by any reference to the past
—
that is, the uncertainties of Congressional action—howdisturbing must be the effect. Will Congress tinker the
tariff, and at a stroke change the value of merchandise
in stock, contracted for, or in transit, and upset the best
calculations ? Will they alter the value of the dollar ?
Will they change the operations of banking, or the
working of transportation ? Will they—what will they
do? These questions arise, and are unanswerable.
In view of this admitted fact, then, that the quality of
legislation is thus disturbing, the thought at once suggests
itself, why not do as everybody tries to do with every-
thing undesirable, diminish the quantity of it ? Nobody
will pretend that public interests require annual sessions;
in fact, if Congress had suspended the silver coinage
passed the appropriation bills, and had then gone home
—which could huve been done during the month of De-
cember—the country would not have lost anything of
real value and would have been saved nearly a half year
of uncertainty and disturbance. Why not have biennial
sessions ? We have urged this change repeatedly, and
unless there is some improvement in the quality of
legislation we expect to yet see it made. The appropri-
ations could be made for two years if the disposition
were not lacking ; more discretion,! coupled with more
638 THE OHRONIOLE. [Vol. XXX.
accountability, might be j»iven to the di partment heads;
and there is always the resouice of an extra session. That
the country gets on so fairly in spite of so much bad
work is proof of American resources and ela^ticiiy;
surely it could thrive ^if it had only a biennial meeting
of political empirics^ to dose it. The system which is
now in use in nearly all the States, and has never failed
to work satisfactorily, would certainly not be a mistake
applied to federal legislation. Quantity and cost on one
hand and quality on the other are in an inverse ratio to
each other in legislative work; we shall, sometime, karn
to cheapen and improve onr laws by having less of them.
THE SUPPLEMENTARY CONFERENCE ANDMR. GOSCHENS Afl&SION.
Since the advent to power of the Gladstone government
something like earnestness has been visible in the efforts
made to carry out the provisions of the Treaty of Berlin,
and to restore peace, order and good government in all the
regions directly affected by that treaty. Scarcely had
Lord Granville taken his seat in the Foreign Office when a
circular letter was addressed to the Powers recommending
and inviting joint action in the premises, and when Mr.
Goschen, one of the most accomplished financiers of Eng-
land, was entrusted with a special mission and sent as
ambassador to Constantinople. Both movements have
been productive of promising results. Out of the one has
come the supplementary conference, now in session in
'
Berlin, under the presidency of Prince Hohenlohe. Out
of the other, we are encouraged to hope from what
has already been achieved, will result an arrangement,
vhich, whatever its effect on the Sultan's government and
the Turkish empire as such, will be a benefit to the people
most immediately concerned, and a gain to the world
generally.
It is impossible, indeed, to look forward to the work of
this conference or to the affiliated work which Mr. Goschen
has undertaken, with other than feeHngs of encouragement
and hope. The present condition of things in Southeastern
Europe and in some parts of Asia Minor, cannot be allowed
to continue without the greatest danger. At any moment
the Turkish empire may completely collapse, involving in
chaos and utter ruin many millions of the human family,
and some of the fairest portions of the earth's surface.
Such a collapse would not only lead to the wildest kind of
lawlessness and misery among the unfortunate people
themselves; it would open the door for invasion by the
neighboring Powers; and in the scramble which would
-ensue for territory, it might lead to a vast and destructive
war—a war which, however it might result to the advan-
tage of dynastic ambition, could hardly fail to prove detri-
mental to the cause of popular progress. It is well,
-therefore, that those powers who are interested in the
jireservation of peace, and who profess to care for the
welfare of the different nationalities, should adopt in time
such measures as shall prevent so great a catastrophe. This
ia the object of Mr. Goschen's mission; and this is the
object also of the approaching conference.
It is well known that the financial condition of the
Turkish government is desperate. Probably no govern-
ment of a great and widespread empire was ever before in
so wretched a plight. As we have said more than once
before in these columns, the exchequer is empty, the
government is bankrupt, and the resources of the country
are for the present at least exhausted. The soldiers are
unpaid and imperfectly fed; and, as a result, the govern-
ment finds itself unable in some parts of the territory to
enforce its authority. In these circumstances Mr. Goschen,
.acting in the interest of the Sultan himself, and of hi
people, as well as in the interest of the British govern-
ment and the British creditor, asks the Sultan to consent to
the appointment of a Financial Commission, which .shall
take charge of all the revenues of the empire and attend
to all the expenses. Mr. Goschen was sent on a similar
mission, a few years ago, to Egypt; and the result was that
Egypt was placed under a sort of receivership. If the
Sultan and his advisers consent—and they have really no
choice but consent, unless they court utter and irretriev-
able ruin—a similar course will, doubtless, be followed
with Turkey. It will be a terrible humiliation undoubt-
edly; but it will be well for the Turkish authorities, civil
and sacred, to recognize the inevitable, and to yield while
there is, at least, a chance of deliverance. It is understood
that Mr. Goschen, as soon as he has come to an under-
standing with the Sultan, will proceed to Berlin; and that
his proposed plan of administration of the financial affairs
of the Turkish empire will be brought before the congress.
If approved, it will thus have obtained a European
sanction.
As to the congress itself, there is already sufficient evi-
dence that the members have no easy task before them.
The approval of Mr. Goschen's plan will perhaps be the
least difficult piece of work they will have to perform. The
presumption, indeed, is that as Great Britain, in a pecu-
niary sense, is most largely and most directly interested,
her wishes, in this particular, will be respected. Promi-
nent among the questions to be settled are those which
relate to the new boundaries of Greece, to the new bounda-
ries of Montenegro, and to the conflicting sentiment of
Albanian nationality. The attitude assumed by the
Albanian people, in regard to Montenegro on the one hand,
and in regard to Greece on the other, because of the
delimitation of their territory, which the proposed exten-
sion of these respective frontiers implies, and the encourage-
ment which, in their resistance, they evidently receive
from the Porte, threaten to make the settlement of this
question exceedingly difficult. The Porte has replied to
the identical note ; and it refuses to recognize the right of
the Powers to arbitrarily dispose of any portion of Turkey
in favor of Greece, without her consent. The Albanian
league is resolved to protect its territory by all the strength
it can command ; the Greeks, armed to the teeth and
massed on the frontier, are ready to fight to make good
their claim ;and the Montenegrins are only prevented
from renewing the effort to obtain possession of the dis-
puted territory, by the expected action of the congress.
It is confessedly a situation of some difficulty,; but its
settlement is not beyond the reach of wisdom and
prudence, backed up by an undivided European authority.
Meantime it is evident that the visit now being made by
King George of Greece to the capitals of the west is pro-
ducing the desired fruit. France and England are now both
pledged in the interests of Greece;and whatever may be
the feelings of the other Great Powers, we are not per-
mitted to doubt that the spirit of the special article of the
Berlin treaty which relates to Greece will find siutable
expression, and that the little kingdom will obtain an
accession of territory at the expense either of Epirus or
Thessaly. It may also be taken for granted that Russia
will, insist on the fulfilment of that condition of the treaty
which extends the frontiers of Montenegro at the expense
of northern Albania. These, however, are not the only
questions which the conference will have to consider. It
will have to determine the relationship which is to subsist
between Bulgaria and Eastern Roumelia, with the view
mainly of restoring order and establishing confidence in
the latter province. It will also have to consider and
determine, if possible, the new boundary line which, in
JuNB 19, 1880. J THE CHUOiNlCLE.
believe that in the following the result of the nporti u toBtAnd and condition is accurately repreaentAd.
Xo. Carolina—
Norfolk, Ac. j
So. t'arolina—
Cluu-k'Htun . . i
Oeorgta—
BaTonnab
fUirido—
BaTanoab
Alabama-MobUe
.
-I
I
Heniplila . . .
|
Nashville
.
MamU.
36 good; 31 jioor; 8 Mr.
04 Kood to perfset; 8 DotaioodulMtrear.
SoMMdy >a food m bMtyear. CbmplaliiU of de-reetiTe aeeda.
OtuUUmt.
B7«ood: 11 poor; 7
1
M IMI jraar.
O«io<l to xrrf Uno, MrrrmlraponlitK flaattoTerkaowa.
Not aa good, owIok to de-fective KMl.
Fair to very |C<Mid ; ouljr 3roporlMl not Kuod.
Earl/ planUDS tnmtttKAurly
; rlearotsraaa. ImUil>lni.tliix uoall, Kraaajr anduii|irumutjix.
Plant KromaffXtpnuOj,ceut wbaf '"
mueli rain.Kxceut wban (raaa or
Drain.
15KOOdtafalr;36Lou acnmnt of wet weatlwf
.
not toery gogood.
1 had; fi22 IrM favorable (tart:
too tiiiK-li riklo.
more favorable.
Minittippi—
MobQe
Memphis
.
1
New Orlciins \
Loui»iana—
New Orlcous {
Texat—
Galreston ...{
Arkanta*—NewOrleaus.
McuiphU
Tennemct—
Mempbls..
Nnahville
.
3 very flue; 4 good; 3moderately good : 2 pour.
5 very One; 4 averaf*;rety graaay.
12 generally good. Oenerally good, axeestcaiuplainu of graaa.
21 very fine; 20 good;moderately good.
29 r<!ry flne and well enl-tlvated ; 1 3 average ; 5 verygraaay.
Good. Excellent, though a fewcomplain of too much graaa.
639Armenia, separates Russian from Turkish territory. It is elusions before the reader in aa clear a way aa poanbl«, andnot doubted that these latter difficulties will bo got over,
without any great expenditure of either time or strength.
The real dinSculty lies in the west. If the congress shall
succeed in pacifying both the Qrecks and the Montene-grins, without thereby arousing and inflaming the war.
spirit of the Albanians, it will have done a good work,
Peacefully or otherwise, it seems now to bo the set purpose
of the Powers to give effect to the spirit of the Berlin
treaty;and we are willing to take it for granted that
effective measures wiUybe adopted for the enforcement of
the law and for the preservation of order. It may befound necessary, as in the case of Bosnia and Herzegovina,to station for a time in Albania a foreign army. If sucha step should be deemed necessary, the occupation will be
entrusted to some of the smaller Powers, probably Switzer-
land or Belgium.
On the success of Mr. Goschen's mission, therefore, andon the work which may be accomplished by the supple-
mentary congress, depends the immediate future of a largo
portion of Eastern Europe, not to speak of Western Asiawhich it is difficult to leave out of the question. As it is
the avowed object of the intermediary Powers to bringabout some satisfactory arrangement, and as they seem to
be more or less of one mind, the presumption is that local
or general war will be averted and that bettor times are
about to be e.xperienced by the distracted people of those
long-misgoverned lands.
COTTON ACREAGE AND CONDITION.During this week the Agricultural Department has
made public its usual June report of the cotton acreage
and condition. Last week the Cotton E.xchanges of the
country published the results to which their investigations
had led them. To bring together the conclusions of these two
workers in the same field will be very useful not only for
immediate information, but to look back to, as the season
progresses, giving tone and character to every favorable
or unfavorable report as it reaches us.
First, with regard to condition, both authorities agree
with the general tenor of our telegraphic news weeklyreported, to the effect that the plant—take the wholecountry together—is better started than a year ago.
Briefly stated, the conclusion of each is that almost every-
where there is a gocd stand secured with the fields well
cultivated. The Agricultural Department in its pub-
lished statement does not give the condition of each State
separately, but only the average condition of all, calling it
99 this year against 96 last year. We telegraphed to
Washington for the details, and received in reply the
figures for each State, which we give below in connection
with the same returns for previous years.
AGRICULTUB.il DEP.VRT.«KNT'9 JUNE CONDITION UBPORTS.
ExecUoQt.
2 report it not food
;
(TOtKl to very KOod.13:
Excellent.
20 flne; 10 good ; 10 moderately iKood : 20 much bet-ter tbnn laxt year : Ix aboutsamii; 11 not no good.
:5 very flne; 17 good;3 moderately i:oo<I; 27mDehbetter than Umt year; 15about same ; 3 not so good.
•| g.
US'
1 4 goo<l; 4 generally good:moderate ; 1 unusually
good ; 1 not so goo<l as lastear.
Generally good, with afew complaints of graaa.
8 report not good: 131from good to nnusaallygood.
Very good.
34 very flne, eonparatire-ly free of graaa and weeds
:
13 In average condition,parthklly grassy; 2 verygramy.
30 flne and well cultivat-ed : In average condition
:
being very grassy, owingto coutinued rains.
9 less favorable than lastyear ; 5 more favorable : 6as favorable and 2 veryIfavorable.
June ConditUm.
North Carolina .
South Carolina .
Georgia
Florida
AlabamaMississippi
Louisiana
TexasArkansasTennessee
If? 80.
92104
9890969697106lOO99
1679.
989493959699959410094
1878.
8799
101
98101
98981049897
1877.
8291
89929091
98919494
1876.
10198
10382949289909593
187.'>.
92979194
101
10095069099
1874.
8981
8090827870909085
r
1873.
85
8894102939294869290
1872.
0092BO9510510010410098
101
This comparison indicates very forcibly the excellent
start the plant has secured. According to this authority,
the only States reported lower than a year ago are North
Carolina, Florida, and Mississippi, and most of the others
are decidedly higher. The Cotton Exchange reports on tlie
same point are perhaps a little less emphatic. We have
analyzed the latter for the purpose of bringing their con-
The foregoing statements will be sufficient to satisfy the
trade that the investigations of the Exchanges and of the
Department have brought these authorities to about the same
conclusion, and that both represent the general outlook on
May 1st as unusually promising.
On the subject of acreage there is also quite a close agree-
ment in these reports. We have worked out (on the basis of
our own acreage figures of last year) the meaning of the per-
centages now reached, and in the following give the resultfC
Aeret,1870.
Agrleullu'l Bureau.Atreagt.
CotlOH Kiehantr.
Aereagt.
stalesPer etui
ine.Acre*.
PerettUinf.
Aertt.
No. Carolina
So. Carolina
024,080085,370
1,744,048
222,7052,122,422
2,117,101
1,285,250
1,634,031
1,132,886
761,460
6783834127
15
661,5341,054,345
1,883,571
229,3802,292,215
2,180,014
1,330,000
1,880,7801,212,188
875.079
1011
8
3
1510:
145
086,4971,003,760
1,883,971
Florida 889,S8«3.a92,SlS
2,180,014
Ixmisiana
Texas1,327.020
1.937,33S
ArkansasTennessee
1.246,174
868,064
Total 12,679.062 7-36 13.012.978 8-30 13.744.626
* Alabama .
) Mississippi.
; Arkansas .
.
} Tennessee.
( Mobile, 7 per oent, 24 niwt imxluctive.
I
•• 11 per cent. 17 Upliiml conutles.
{Nashville. I-'hi per oent, 21 correspondcnti-.
Ino increase. 5 correspondents.
I Memphis, 3 |icr cent average Inoreaae.
( New Orleans. 3 per cent.
I Mobile. 2 iier cent, 10 mcist productive.\ •• 9 ]M'r cent, 9 rplund I'ountiea.
I Mcniphts. fi [ler cent uvcraRc.5 New OrlcanB, 11 i>er cent average.( Ml lupliis. H's iior cent avemxe.Memphis, 9^ l>er cent average.Nashville, 22is |>er cent. 20 («rre»pondcnt».
some, 2 correspoudentf.
640 THE (.HRONICLK [VoT„ XXX.
This statement shows us that the average increased acre-
age this year, according to the Department is about 7^ per
cent, and according to the Cotton Exchanges about 8 J per
cent, a difference, therefore, of about one per cent. There
is anotlier favorable feature brought out by the Cotton Ex-
changes, and that is the higher and better cultivation of the
ground, as indicated by the increased fertilizers used. On
the othre hand, the same reports show a somewhat less
satisfactory condition of the labor problem ; they appear to
indicate a decrease of labor in many States, a falling off in
eflSciency m some, and a general feeling that, with a rainy
season, the hands will not be able to take care of the
increased acreage; the idea being that the planters will in
that contmgency have to abandon a portion of the land
planted, or poorly cultivate all. To show in a comprehen-
sive way what the correspondents of the Exchanges say on
these points, we have prepared the following analysis.
A'o. Carolina—Norfolk, &c. J
Lahor.
So. Carolina/^
Cliarlestou .
.
About same a.^ last year,but scarce because of lu-
creased acreage.
Ceorg'm—
Sarannali
.
Florida—
SaTannali . . \
Alabama—
Mobile
Mempbis . . .
j
Mississipzii—
Mobile
Memphis . .
.
New Orleans
Louisiana—New Orleans 1
Good and eflficient.Increase general. 24 re-
port 25 per cent.
Increase in every county;estimates from slightlymore to 100 per cent. Aver-age, 20 per cent.
Not (luite up to last yearin uiuuocr or eftlcleucy.
About the same in number and etMcleucy.
Generally good, but insuf-cieut, owing to increasedacreage and grassy crops.
Tertilizers.
Increase large; 14 percent more to cotton lands.
But little over used.
Increase general ; esti-
mated from 25 to 50 lier
cent.
Average decrease about No commercial used; do-iioo- Working well. mestic to fullest extent.
Good, but insuflicient, owiug to increased acreageand grassy crops.
Where used, a general in-
crease of from 25 to 50 percent.
6 an increase from lastyear; 25 a decrease; IGabout same. Average de-crease, *iioo. 45 workingwell ; 2 only moderately so,
All report no commercialused, but better attentionpaid to domestic.
Etticicnt and workingwell, but a decrease in theupland counties.
Efficient, butless iu numbers.
somewhat
Texas—
Galveston ..
9 report it is not as good
;
89 same as last year; 43better.
A.rka>uias—
New Orleans^
Jffemphis.. .
Memphis . . .
Tennessee—Nashville
.
Efficient and workingwell, and increasing in Se-bastian, Franklin and Yallcounties.
20 report an increase ; 18about same as last year ; 11a decrease. Average, 1 percent increase. 46 workingwell ; 3 only moderatelywell.
43 working well ; 2 onlymoderately well. Decrease,
No change reported.
No commercial usedany consequence.
No commercial used.
None used.
No commercial used.
All report no commercialused. Domestic generallyutilized.
All report no commercialused, but better attentiongiven to domestic.
None used.
There is one suggestion we would make on this labor
question. We have received reports very similar to the
foregoing from some of our own correspondents. But we•would ask, even granting decreased labor everywhere, is
there not some compensation in the improved condition of
the planters, the larger number of mules they possess
and the better class of agricultural implements which will
be in use? Our information is not yet as full as we wouldwish it on these points, but as far as we have heard we are
inclined to believe that there has been decided progress this
year in these particulars. If this be so, it will be found, wethink, that more work (in the matter of cultivation) can bedone with less labor.
pi0Mctavgg©0mmevctal^ttglislt^cwsRATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—JUN-E 3.
On- Time.
Parls Short.Paris 3 mos.Amsterdam
.
Short.Amsterdam . 3 mos.Antwerp **
BerlinHamburg . .
.
<(
Frankfort . .
.
**
Vienna tt
Genoa "
St.Petersb'rg "
Alexandria.
.
Copenhagen. 3 mos.Madrid "
Cadiz "
Lisbon 90 daysBombay ....Calcutta .... ....Hong Kong.
.
Shanghai
Rate.
25-30 »25-4025-47's®25-52i212-2 ®12-2i212-4J4 ®12-4i325-55 ®25-60
® 20-66a 20-66®20-66a 1 2-0212®28-00
20-6420 6420-6412-0027-90
24''a®25
18-42 ® 18-4547^3® 475347-'>43-177a52»2®52'8
June 3
June 3
June/ 3Juno "
EXCHANGE ON LONDON.
LatestDate.
Juno 3June 3June 2June 3
June 4June AJuno 4Juue 4
Time.
Short.
Siiort.
siiort.
3 mos.
4 mos.
Rate.
25-33
i2-12
25-3520-45
117-7027-5525I497
Is. SSied.Is. 83|Bd.3s. 10i6d.58. 23id.
[From our own correspondent.]
London, Saturday, June 4, 1880.
Considerable disappointment exists with regard to the state
of our trade, and a greater feeling of diffidence prevails thanwas the case a short time ago. Some unpleasant rumors harebeen in circulation for some time past, and actual failures havealso been more numerous. This state of things naturally leads
to the exerci.se of a greater amount of caution, with the result
that business in most departments is of the most ordinary char-
acter. Probably too gloomy a view is taken of the situation ;
while the financial position of certain firms is not so desperate
as some would infer. At the same time, it is to be borne in
mind that trade is usually quiet at this period of the year, as
merchants are awaiting the result of the world's crops before
embarking in transactions of any magnitude. There are still
many who hope and believe that there will be a marked increase
in general business when the autumn trade shall have com-
menced, if the harvests should be as abundant as is anticipated.
Cheap money, cheap food and a fairly pacilic political situa-
tion should give some stimulus to business, but we are decid-
edly inert in making a new departure, though we thought wehad permanently done so last autumn. It is to be feared that
rash speculation is constantly accomplishing serious evils, and
is checking that steady development of our commerce which is
so much to be desired.
The money market during the week has been decidedly quiet,
and in the open market the rates of discount have somewhat
declined. The quotation for three months' bills is 2% to 2J^
per cent which compares very favorably with last year, whenthe money market was assuming a depressed appearance. Noindications of recurring depression have as yet presented them-
selves, nor are any likely to arise. Capital is less abundant,
and, in spite of some disappointments, greater facilities exist
for employing it. It is, however, a very generally accepted
opinion that, although many companies have been introduced
to public notice during the current year, the success which has
attended them has been very partial. Either the public have
little money to spare for the purpose of investment, or else
there has not been that return of public confidence without
which the floating of public undertakings, in the light of recent
events, is more than ordinarily difficult. Very few public com-
panies yield a result to the investor commensurate with the
risk he incurs, and so many undertakings have got into difficul-
ties, and come to grief, that the warning has left an impression
upon a large section of the public which is difficult to eradicate.
Financial operations of acknowledged soundness are speedily
arranged, but these have not been on any considerable scale for a
long time past. Those for our own Government, as well as for
foreign governments, have been chiefly for the purpose of paying
oflf maturing bonds, and exercise, therefore, no influence over
the money market. The scarcity of mercantile paper is still
very considerable, and an increase in the supply is not to be
expected during the summer months. The indications still are
that the money market will remain stationary during the next
few weeks, but that there will be some improvement in the
autumn. The following are the present quotations for money :
Percent. Open-market r.atcs- Percent.Bant rate 3 4 mouths' bank biUs 2'8a'3
Oiien-market rates— months' bank bill.s . S^g *3.l4
30 and 60 days' bills 2%®2t, 4 & 6 months' trade bills. 3 ®1* 3 months' bills 2^32^8
June 19, IS80.J THE (.HRONKJLE. 611
The rates of interest allowed by the joint-stoek banks anddiscount honsea for deposits are as follows :
r . ^ . , .. PercentJoint-stock baiiks 2Piscouiit liutui's at call .,'""
'
auDo with 7 or 11 dayH' notice !..!"!! 2h
Annexed is a statement showina: the present position of theBank of England, the Bank rate of discount, the price of Con-sols, the average quotation for English wheat, the price ufMiddling Upland cotton, and the Bankers' Clearing Housereturn, compared with the three previous years :
1877.«
2«.3HH,2S17,21.I.S1S
21,702.H7.tIS.Ull.M.Mill).37(t.tia,'-.
12,l«y,SlO
33,202,070 23,219,001 25,223,001
„. ,1880. 1879. 1878.
Circulation, Including £ £ £Bank iKwtblUi).... 27,302,3 1."; 29,01».12.5 27,fl3.'5,202
Public itcposlts ft.'JSS,070 7..^59,700 G,lt51.475Other il.|ioslt8 2.j,'2.'iO.;(0!l 27.710.93« 2I,7U2,«.'S8ticivcrniiitRecurltleg. ir),0<»1.812 14,078,035 10,.).'^0,44lOther securities 20,002,527 19,096,233 19.209,053Kes'vcofuotCdJicoolu 15,048,370 18,311,705 10,850,794Coin and bullion Inboth departments.. 27,099,820
Proportlttn of reserveto liabilities 46'31 52'03
Bank rate 3 p. c.Consols gg^ijEnit. wheat, nv. price 448. lid.Mid. Upland cotton .
.
oo^d.
37-412'a p. c.
901*)50s. 4d.
0141I.
41-;
3
OOs. 11(1.
5-Hd
2 p. 0.97«8
41s. 5d.7%1.
ClearinK-House rcfu. 120,939,000 103,248,000 110,883,000 100,708,000
There has been scarcely any damand for gold for export, andthere has been no important movement in the market. In sil-
Ter there has been rather more firmness, the Indian exchangesbeing somewhat higher ; but Mexican dollars are scarcely sofirm. The following prices of bullion are from Messrs. Pixley& Abell's circular :
GOLD.Bar (told, fine pcroz. standard.Bar (told, containing 20 dwts. silver, per oz. standai-d.Spanish doubloons per oz.South American doubloons pcroz.United States gold coin... pcroz.Uermau gold coin per oz.
8. d. ». d.77 9 a77 L0i38>
74 « -ai 7573 a>
70 31a <*
70 3>4*
d. d.
Open Bank Openuarket. rate." market.Pr. ct. Pr. ot. Pr. ct.2183238 Genoa i 42^®3 Geneva 41 3haii3 ®3i4 Madrid, Ca<llz &2S8®278 Barcelona 4 4 ®521^32% Lisbon & Ojioi-to. 5^»0o^Hj Copcnliageu 4^413 4 ®4iaSiSsasTg New York 6 ao4ii®5i4 Calcutta 6
SILVER.Barsilver, flue per oz. standard. 523ig aBar silver, containing 5 grs. gold per oz. standard. 529in a .
.
Cakcsllvcr lier oz. ftO'Js ®Mexican dollars per oz., nearest. 5118 aChilian dollars j>cr oz ®
QiUcksUvcr, £0 128. 6d. Discount, 3 i>er cent.
India Council bills were disposed of on Wednesday at Is. 8d.
the rupee.
The foUowing are the current rates of discount at the prin-
cipal foreign markets:Bankrate.Pr. ct.
Farl8 21aAmsterdam 3Brussels 314Berlin 4Hamburg iFrankfort 4Vienna 4St. Petersbure ...
Tenders were received at the Bank of England on Tuesdayfor i£l,479,000 in Treasury bills, to replace those about to
mature. The amounts allotted were in bills at three months,£1,049,000 ; do. at six months, £430,000. Tenders for bills atthree months at £99 6s. lO^d. will receive about 18 per cent, andabove that rate in full; and for bills at six months, at £9812s. and above, in full. This is equivalent to a discount of 2%per cent per annum for three montlis and 2 13-16 per cent for
six months bills.
Messrs. Hambro & Son, in conjunction with the Banque deParis, and des Pays Bas in Paris, and the Norddentsche Bank in
Hamburg, have issued the prospect of a new Swedish 4 per cent
loan for £2,200,000, at the price of £97 lOs. per £100 bond. Theloan is issued chiefly for the purpose of redeeming the 4% percent and 5 per cent loans of 1864 and 1866, of which £1,885,300
is now in circulation.
Meetings have been held during the week of bondholders in
the Philadelphia & Reading Railroad Company. The following
gentlemen have been formed into a committee, and Earl Cairns
has agreed to accept the chairmanship : Mr. W. J. Cookson,Mr. W. Fowler, M. P., Mr. Coleridge J. Kennerd, Mr. HughMcCalmont, Mr. Henry H. McNeile, Mr. R. C. Naylor, Mr.
Richard Potter, and Mr. T. W. Powell, with power to add to
their number.We shall soon hear the last of the Bolivian loan, the commit-
tee for the protection of the bondholders' interests havingannounced that they have recovered sufficient out of the gen-
eral fund to meet the legal and other expenses which had been
incurred. Only two per cent is now necessary to be retained,
instead of five per cent, the amount at first thought necessary.
After a long and expensive litigation, the bondholders will nowbe able to receive the contested balance.
On the Stock Exchange, both English and American railroad
seenrities have been depressed, and prices have given way.
The public are evidently not boyen, and upecalatoni haveshown some inclination to diminiiih their k'>ldingH. Tb« tr«fllo
retnma show a decrease compantd with iMt yetr 1 bat tbiji Udue to the fact that the ompariiKm is with a period of h«lid«/>making in 1879. The reaiionii for the fall ar« the high qouta-tiona recently current, the diiiapi>olntment in rrg&rd to Indaand the diminished facilities afforded by l>anken f.>r holdingstocks. British railway prop«rty in mjund enough, but a Icgitl.
mate ralue only can be attached to it, which rari«« aecordingto drcamstances. Cheap money baa of hUe fuatervd •pecaU-lion and haa driren prices ap to a high point. Honey la nowgetting scarcer, and bankers baring called in some of theirloans to the Stock Exchange, sales of stock have been nceewary.After many weeks of bright, dry and rather cold weather,
rain has at length fallen, and southern England haa bamrefreshed by a fairly copious downpr>or, A few days more ofunsettled weather will, it is thought, carry us on until theharvest is secured, and will enable the faniiKm to secaie goodaverage crops. The wheat plant is mry promising, and theprospect for barley is equally satlsfactoiy. Of the former, bow-ever, very little will be grown this year, as more hind has l)e«>B
appropriated to other purposes, especially to the cultivation ofbarley. Oats, beans, peas, grass and roots, which were tlwchief sufferers from the drought, are now deriving much beneflt
from the rain, and in about a month we shall have an abund-ance of vegetable food. The deamess of hay and the appre-hensions of a short crop of grass gave, towards the close of hwit
week, much firmness to the trade for feeding staffs, moreespecially as our granaries were almost bare of foreign oats.
Oats, however, have been arriving in larger quantities duringthe week, and the weather having changed there is now leaa
buoyancy, and buyers obtain some advantage.
The wheat trade daring the week has been very quiet. Th«decline in New York has made its influence felt here, but, there
being a further decrease in the visible supply in the UnitedStates prices have not varied to any important extent. Francecontinues to buy here. That country, being so near to theclose of the season, is feeling very keenly the effects of last
year's bad crop, and it is believed that the purchases now beioff
made are to meet actual requirements. It has sometimes hap-pened that France has been unduly precautious in accumulat-
ing a supply to meet an existing deficiency, and that at the
close of the season, if the harvest has proved to be good, someunexpected shipments have been made to British ports. It is
believed that this is not likely to be the case this season, andconsequently the French demand gives some stability to the
market.
During the week ended May 29, the sales of home-grownwheat in the 150 principal markets of England and Walesamounted to 23,336 quarters, against 49,308 quarters last year ;
and it is estimated that in the whole kingdom they were 93350quarters, against 197,250 quarters in 1879. Since harvest the
sales in the 150 principal markets have been 1,181,936 qnarten^
against 2,135,467 quarters ; "while it is computed that they
have been in the whole kingdom 4,727,800 quarters, against
8,542,000 quarters in the corresponding period of last season.
Without reckoning the supplies furnished ex-granaty at the
commencement of the season, it is estimated that the following
quantities of wheat and flour have been placed upon the
British markets since harvest. The visible supply is abogiven :^ 1879-90. 1878-9. I877-S. lt7«-7.Imports of wheat cwt. 44,789.637 36.072.048 42.9t2.017 SO.iSO.llSImimrts ot flour 7,905,445 0,733,137 8,054.003 5.271,834Sales of homo-gruwuproduce 20.437.000 37,014.700 28.777.700 30.652.00O
Total 73,082,082 79,820,483 78.373,722 80.409.947Deduct e-tporrs otwheat and flour 1,104.813 1,404,341 1,458.048 747.852
Besult 71,977,204 78,350,142 76,917,674 C5,660,0e5AT'ge price ot Englishwheat for the sca.son. 468. S>t 40s. 8d. 5I>. Sd. 5I«. 44.
Visible supply of wheat ,_lutheU. 8 bush. 19.600,000 15,286.000 6,978,000 4.374,000
The following figures show the imports and exports of c«real
produce into and from the United Kingdom since harvest, vix.,
from the first of September to the close of last week, com-
pared with the corresponding period in the three previous sea-
sons:iMFOirrs.
1879-90. 1878-9. 1877-S. 1876-7.
Wheat cwt.44.789.e37 36.072.646 42.94C.('17 30.480.113Barley 11.507.247 8.788.126 18.-'03.8-i7 10.836.429Data. 10,236.196 8.248,752 IH.770.801 7.944.913Peas 1.590.664 1.213.4.-.2 1.3.i3.173 1.021.515Beana"; 2.011..5.57 1.0W.724 2..537.2.->2 3.631.889Indian com 21.076.255 25.03h.66iJ 24,960.129 25.702.49*Hour 7,805,445 6,733,137 6,654,005 6,871,834
6J2 THE CHRONICLE. [Vol. XXX.
Wlient cwt.BarleyOatsPeasBeaiusIiuliau comFlour
EXPORTS.1879-SO. 1878-9.970.00226,14979.04787.64939.406
364,653128.816
i.a.-j-.ooo98.59374,62315.1481 1 .709
337.219107.336
1877-8.1.393.974
44,64776,07417,.'J4718.642197.77162.074
1876-7.713,2774t,27483.45021.7,S725.724
394,68436.575
EnsUtili market Iteports—Per Cable.
The daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following- summary:London Money and Stock Market.—The Directors of the Bank
of England, at their meeting on Thursday, reduced the rate of
discount from 3 to 2}^ per cent. The bullion in the Bank has
increased £651,000 during the week.
Bat. Mon. Tues. Wed. Thurs. Frl.June June June June June June12. 14 15. 16. 17. 18.
Bilrer.peroz d. 5238 52 '2 52 »s 52>2 5258 52=3Consols for money 98' le 98 1 18 933i6 983,„ 987,8 989i6Consols for account 983i8 983io 98»16 985,8 98i»i8 98=9U. 8. 58 of 1881 105^8 IO518 105Je IO518 1054 105 J4
U. S. 4138 of 1891 112 112 112 112 112 112U. S. 4s of 1907 xllO'4 IIOI4 110>4 llOH 110^8 llOHEric, common stock 37^6 384 3818 37'8 37 377sIllinois Central 1 06 105 >a 106 ig 106 106 106Pennsylvania 51^ 52 52>4 52 513t 52Pliila<lclphia&Rea(llnK. 9I3 10 913 9 914New York Central 129 130 »2 130%Liverpool Uotton Market--See special report on cotton
Liverpool Breadstuffs Market.—8at. Mon. Tues. Wed. Thurs. Frl.». d. s. d. s. d. s. d. ». d. s. d.
Flour (ex. 8tate)^cenfl.l4 14 14 14 14 14Wheat, No. l.wh.lOO Ib.lO 10 9 11 911 911 9 10SprinR, No. 2... " 9 9 9 9 9 8 9 8 9 8 9 7Wiuter.West.,n. " 10 3 10 2 10 10 10 9 11Southern, new . "10 4 10 4 10 2 10 2 10 2 10 1Av.Ciil. white.. " 9 7 9 7 9 7 9 7 9 7 9 7California club. " 10 3 10 3 10 1 10 1 10 1 10 1
Com.mlx.,W.new.¥<''it'l -t 9 4 SVi 4 9 4IOI2 5 5 2
Liverpool Provisions Market.—Sat. Mon. Tues. Wed. Thurs. Fri.s. d. s. d. «. rf. ». d. «. rf. s. rf.
Pork,We8t.mess..^bbl.59 59 59 58 58 58Bacon, long clear, cwt . . 34 34 34 34 34 6 34 6Shortclcar " 35 35 35 35 33 6 35 6
Beef, pr. mess. ^ tierce. 61 61 61 61 61 61Lard, prime West, ^cwt.36 36 36 36 36 36 li
Cheese. Am. choice " 66 65 6 63 64 6 61 63
London Petroleum Market.—Sat. Mon. Tues. Wed. Thurs. Fri.d. d. d. d. rf.
Pet'leum, ref. ^gal... ® .. eSjSOSs 63ia6''8 . ® .. }~H»7 6^8Pet'leum, spirits " .. ® .. <>5i»7 -ai .. 6%®7'j . @ .. . . a .
.
©ommcvclal autXIlltsccH WC011S||^CX\)S.
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, showan increase in both dry goods and general merchandise.The total imports were $11,945,215, against $7,316,695 the pre-ceding week and $9,982,497 two weeks previous. The exportsfor the week ended June 15 amounted to !{il0,802,522, against$9,240,630 last week and $8,042,822 two weeks previous. Thefollowing are the imports at New York for the week ending(for dry goods) June 10 and for the week ending (for generalmerchandise) June 11:
rOREIGK IMPORTS AT NEW YORK FOR THE WEEK.1877. 1878. 1879. 1880.
Dry Goods $777,492 $769,200 $894,324 $1,691,339General mdse... 7,520,418 5,512,876 5,'J78,252 10,233,876
Total week $8,297,910 $6,282,076 $6,172,576 $11,915,215PreV. reported.. 148,482,479 127.195,381 137,570,115 226,924.634
Totals'oe Jan. l.$156.780,3S9 $133,477,460 $143,742,691 $238,869,869
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 oispecie) from the port of New York to foreign ports for theweek ending June 15:
EXPORTS FROM NEW YORK FOR THE WEEK.1877. 1878.
For the week.... $4,820,173 $6,252,760Prev. reported.. 118,975,091 152,183,2i>6
1879.$6,313,753138,828,438
1830.$10,802,522165,819,724
Totals'ce Jan. l.$123,793.264 $138,438,026 $145,144,191 $176,632,246
The following will show the exports of specie from the portof New York for the week ending June 12, and also a com-parison of the total since Jan. 1, 1880, with the correspondingtotals for several previous years:June.9—Str. Hoheustaufcn . . . London Mex. sil. buH'n. $60,08710- Str. Crescent City. . . .Guayaquil Am. gold coin . . 10,000
Eucuador, 8. A Eng.g'd (sov'ns) 8.75011—Str. Santo Domingo..Porto Plata IVTex. silv. dnls. 2.00012—Str. Muriel Hamilton Eng.g'd (sov'ns) 2,42512 -Str.Neckar London Am. silv. bars. 50,000
Total for the week i.$l 12,087 silver and $21,175 gold) $133,262Previously repoi-ted ($2,163,889 silv. aud $2,0 19,935 gold). .. 4.213,824
Tot. since Jan. 1, '80 ($2,275,976 silv. and $2,071,110 gold) .. $4,347,086Same time In— Same time In—
1875 $47,024,525 1871 $39,737,1501874 27.380,283 1870 16,453,0801873 25.7.59.327 1809 14,147,7221873 33,436,823 1 1868 45.593,159
The imports of specie at this port for the same periods harebeen as follows:
Jime.7—Str. Clyde U. 8. of Colombia. ..Am. silv. coin.. $87
Am. gold coin.. 2,963Gold dust 1.550
8—Str. St. Coniingo St. Domingo Am. silv. coin.. 28012-Str. V.dvj Marseilles. Mexico .4^m. gold coin.. 2,858
For. silv. coin .
.
103,620Am. silv. coin.. 388
12 Clctn British Honduras...Am. silv. cola.. 394
Total for the week ($104,769 silver and $7,371 gold) $112,140Previously reported ($2,518,196 silv. aud $1,712,067 gold) .. 4,260,263
49,136 gold) ..$4,372,403
Same time in—1871 $3,167,5071870 7.047,8721869 9.594.6781868 3,931,234
Tot. since Jan. 1, '80 (.$2,622,965 silv. and $1,
Same time In—1879 $1,779,4121878 12,7'29.1831877 7,213,1091876 1.920.561
Same time In
—
1875 $6,734,0591874 2.423.3891873 2.594,1151872 732.435
The following table shows the receipts and payments at theSub-Treasury in this city, as well as the balances in the &aiae,
for each day of the past week:
June 12..." 14..." 15..." 18..." 17..." 18...
Receipts.
$874,361 78'
1,403,436 82961.925 90981,947 55
1,240,297 27857,728 96
Total 6.321.698 28 7.3'27.707 15
Payments.
447.335 141.559.243 80580,769 34543.109 91
1,7J7,291 212,459,937 69
Balances.
Gold.
88.128.362 6188.5'23.230 2583.744.642 4389.084.737 2688.893,675 1687,791,833 32
Currency.
$9.133,150 588.583.425 968,746,220 348,841,963 128,5.39,031 258,038,662 30
Boston Hoosac Tunnel & Western.—At Albany,'June 16, the
articles of agreement and consolidation of the Boston HoosacTunnel & Western Railway of New York and the BostonHoosac Tunnel & Western Railway of Vermont were filed in
the office of the Secretary of State". The name of the new cor-
poration is the Boston Hoo.sae Tunnel & Western Railway Com-pany, and the officers are : President, F. L. Ames ; Vice-
President, John R. Brewer ; Secretary, Thomas Voorhees
;
Treasurer. Estes Howe ; directors, F. L. Ames, Eiisha Atkins,
William L. Burt, F. G. Dexter, J. W. Candler, J. R. Brewer, J.
B. Alley, Oliver Ames, A. Gaddis, S. S. Guthrie, George R.
Blauchard, George J. Post and Coe F. Young. The lease andall obligations between the two parties are terminated andsatisfied. The new company assumes the mortgage held byEiisha Atkins and F. Gordon Dexter.
—The prospectus of Barnum's Museum Company is issued
the capital stock to be $3,000,000. This company is organized
to purchase the block of land known as the Madison Square
Garden, between Twenty-sixth and Twenty-seventh Streets, in
New York City, and put up an enormous building, 200 by 425
feet in size, with four floors, which is to provide a permanentplace for all kinds of shows, fairs, matches, exhibitions, etc., as
well as a permanent museum, a tropical garden, etc. The use
of Mr. P. T. Barnum's name has been engaged, as the pros-
pectus says, " forever," and his well-known ability in amusingthe American people is a stpck in trade which ought to insure
success. The New York, New England & Western Investment
Company are the financial agents, and now oflTer the stock for
subscription in shares of $100 at par. Mr. Wra. H. Vanderbilt
takes $250,000 in stock. Subscriptions are invited, at par, bythe above-mentioned company, for the unsold portion, viz.,
$1,750,000 of the capital stock of the Museum CompaJiy,until July
15 prox., at noon, and will be received in even hundreds in anyamount. At that date the public subscription will be closed.
—Dividend No. 18 (for the month of May) is announced bythe Homestake Mining Company, payable at Wells, Fargo &Co.'s, on the 25th. The transfer books closed to-day.
—Mr. F. E. Trowbridge, banker and broker. No. 3 BroadStreet, Drexel Building, and well known in the Street, has
recently enlarged his offices by an additional suite in which to
accommodate his largely-increasing business.
B\NEI\G AND FIJilNClAL.
Same time In1879 $10,747,4381878 8,.532.8071877. 17.913.2381876 26,731,441
jy As a good paying Invc stment we offer the
FIRST MORTGAGE BOSDSof the
NEW YORK WOODHA.VEN & ROCKAWAY RAILROAD COMPANYInterest Seven per cent per Annum,
Payable January 1 and July 1, in Nem York City.
Principal due in 1909.
TOTAL AMOUNT OF ISSUE. ----- $1,000,000
Of which amount less than one-half remains unsold.
' This road will be completed by June 1, and will control the entire
\railroad travel from New York to Rockaway Beach, where the finest
I
sea-side resort in the world is then to be opened to the public.
IThe running time from New York to Rockaway will be but twenty-five
minutes, and the road and its iippoiutmeuts are of the highest character.
We offer these bonds at 106 and accrued interest.
Investors can obtain full particulars and information at our offle*.
FISK & HATCH,
NO. 5 Nassau Street, New York:
June 19, 1680.J
^Itc J3i\uUcvs' (Gazette.
NATION.II. BANKS ORQANIZBD.The United States Comptroller of the Currency fumisbeo the
following statement of National BankH organized the past week:2,482—The C'oiiimcrclal Xalidiiiil Hank <>t YoiiiiuKtowii, Olilo. Aiillior-
iznd civ|ilt;il, l{ii:tO.O()0; piilil-iii <':>|>itul, itHiri.OdO. ('. tl. AiiclnWH.PrcKldcnt; (i. .F. MiirKciiim, C'asliii'i'. AiitliorlitPd to emiuiK'iici'bUHiiiimH June 15. 1K8(>.
UIVIOKNUS.The foUowlnjz (llvl<lpuil» liavc I'ceontly liccu nnnoiiupcd
:
THE CHUONICLE. 643
Name of Coiiiimuy.
Rallrondit.BOBton Kevinc Bcncli A LynnOblc. Kmk iHliind* Pir-.(Iu stock)Eastern (N. H.)Flti^libui gQuovfzUi.
.'
Kid ColonyPUlladplpiilii WllnihiKtou &. Bait.Provldonio <& WoreentcrUnion Piicitic
Bnnkm.Fourth NntionulNational ParkNational Shoe & Lentliei'OrientalTradesmen's
miseellaiieon«,American Distiict Tel, (qnar.)
Per WhenCent. Payable.
$3 July 1
•1011 June21^ Jiuie IS3 July 13 Si July 153 July 1
4 July «3 July 1
1^ July 1
3»a July 1
4 July 1
4 Jaly 1
4 July 1
3>a Jnly 1
1% July 15
Book* Clofied.(Diiys lucliuiive.l
June lU to July I).
June 20 to July 1.
Juno 2? to June 30.June in to July 5.June 12 to June 30.
July 2 to July 13.
" Stock dcuhled in Juno, 18S0.
FKIDAV. JDVR 18, I880-S P. IW.The money marhct and I'luaiielal Situation. The week
has been rather free from any di.stiirbing elements in the flnan-
cial markets. The excitement attending the nominations at
Chicago is passing away, and men of all parties concede that
the ticket already in the field is a sound-money one, and trust
that the Democratic ticket to be nominated next week will also
contain the names of hard-money men. Should this be thecase, and both political parties have in nomination for the Presi-
dency men who are above suspicion on the financial question, a
great part of the uncertainty and unsettling influence attend-
ing the Presidential campaign would be removed. Busi-
ness interests could then feel assured that wliichever partywon, there would still be at the head of the Government a ma«who would act a-* a check upon any attempted legislation preju-dicial to the good credit of the IT. S. Government or the true
interests of the country. This is a purely busine.ss view of thesituation, aside from the numerous political issues which agi-
tate the two parties.
At this time of year the crop prospects are much discus.sed,
and the general outlook for a heavy crop of cereals and cotton
is so far good. The main fact developed thus early in the sea-
son is in regard to the acreage planted, as compared with pre-
vious years, and on this point there is little doubt that therewill be a material increase both North and South. It is well
known that the acreage sown in wheat is much larger than last
year, and now come the reports from the South indicating anincrease of 8 to 10 per cent in the land planted with cotton. It
is evident, therefore, that with an equally good sea-son the
product of grain and cotton should be larger than in 1879,although the crops in that year were by far the heaviest everknown. The character of the season, however, is everything,and it is altogether too early yet to predict with any certaintythe result of the wheat harvest or cotton picking.In the money market everything is easy, and Government
bond dealers borrow money on call at 2 @ 2J6 per cent, whilestock brokei-s are supplied at 3@4 per cent. Prime commercialpaper is in demand at 4(q4}^ per cent.The Bank of England rate was reduced on Thursday to 2.J6
per cent, from 3 per cent, at which h'gure it had stood sinceNov. 5, 1879; the Bank gained £654,000 in specie during theweek, and the reserve was 50 15-16 per cent of liabilities,
against 48 9-16 per cent last week.The last statement of the New York City Clearing House
banks, issued June 12, showed an increase of $1,172,825 in theirsurplus above the legal reserve, the total surplus being $17,-508,875, against !?16,3.J4,0r)0 the previous week.The following table shows the changes from the previous week
tad a comparison with the two preceding years.
JjOansanddis. $270,265,700
1880.June 12.
BpecieCirculation . . I
Net deposits .
Xjegal tenders.|
Legal reserve.]Beserve held .
|
BnrplngI
(53.102.7001 0.682.500
271.028.50022.221,300
$'i7,007,12583,414,000
17,506,875
I>iffer*noe8 fr'inprevious week.
1879.Juue 14.
tnc .$3,200,700 $256,201,000luc . 2,0R3,700 l,«,7S0.00ODec. 377,400 20.036,800Inc. 4,789,500 227.316.700Inc. 2^0,500 44,851,000
Ine .$1,107,375 $56,820,175Inc. 2,370,200 03,632,800
luc .$1,172,825 $6,803,625
1878.June 15.
$234,630,10017.10,>,20010.084,000
205.783.2004y,5O2,J0O
$51,446,300fi6,<>08,100
$15,161,800
United States Bonda.-^The prices of Government bondswere rather weak after the Government purchase on Wednes-
day, as the amount Inken wsH<>nlv}2.U( i liel Mri-elitawere again slighted in favor of tbe tthi.i
:
d«, whtclt paylem iuterettt at their |>ric«-H. The total un<!tuiin amoilBUato18,012.600. The He( relary cf the TreMMT aeeaptod iSbOOO.-000 bonds, conlliiiiig hix putrbanMt tu tix«« of IBM sed Htm tadaixeg of 1««1. The aw«rd« were m follow*, seriatim: fiJOOOHixes. 1880, at 104^; $360,000 rixM, 1881, at 100 Bl and 106-M>$2^,000 fives, 1K81, at 108*J8i 93.000 flvM, 1H8I, at 108-80t fWO,.000 fives, 1K81, at 10320 and 10839; |«0.000 diM. 1881. At
«
10«-9e; |2.0f>0 fives, 1881, at 108.80; 910,000 (iua. 1880, at 104-06:9800,000 sixes, 1881. at 106-fi2; fSOO.OOO flrM, 1881. at 108-01
f 160,000 Hves. 1881, at 10824; $6,000 aixaa, 1880. at 104-88;9800.000 fires. 1881, at 10318 and 108-24; 988,000 iiiut, 1881.at 106-91; 9<0,000 iiTe«, 1881, at 10827: 9884)00 flrea. 1881. at108-80; 920,000 flveii, 1881, at 103-27.
The cloaiiix prtcaa at the New Vork Board have been aa fol*lows :
da, 1880...6a, 1880...6a,1881...6a, 1881...Sa, 1881...&a, 1881..4ig», 1801.4<«*. 1801.4a, 1007...4a, 1007...6a, cur'ey, 18»J6a, cur-ey, 18966a, cur'ey, 1897,6a, cur'ey, 1888,6a, eiir'ey, 1890
-ntt-coup...reg.coup...reg.coup...reg.coup.reg.
coup.reg.
• reg..rog..reg.reg.
Intareat JanePerioda., 12.
Jane | Jane14. 15.
A j.-ior- '& J. lo;A J. Mo4 J. 'lOti 1 i.
Feb. :• 103 "a"!'lo:i>.
•101^104\I0,|7,
-io-,-123•12J•123•123l'123
Jane \ June16.
I
17.
IOI\
lori-f.
June16.
I04%MOI%%''IOI%^1 103%
"4
' 1 23r.'j123123128
•123•123
i-ix5|*1SSI*1S»
* This is the price bid : do $aU waa nuMie at Ibe Buard.
The range in prices since JannatT 1,1880, and the amouotof each class of bonds outstaudin;; June 1, 1880, were a« fol-
lows :
68, 1880 cp.68, 1881.... cp,6r, 1881. ...op.41*8, 1891.. op.48, 1907....cp.fia.cur'ncy.reg.
Range alnce Jan. 1, 18.80
Lowcat. I HIgheat.
102!liJan. 13|l04TaHigr 30104>eJan. 7{107>sMny2n102n,.May 5 t04>e Apr. 2SlOiiSeJau. 2 llOHsMliy 2l>
103 Jan. S 100^6 June 7125 Apr. 2lll26»4Feb. 17
AmooDt Juno 1. 1980.
Regtatcrrd. Coupon.
$12.000.COol1':- '-'" f—'
U4.tt'J3,5l2l
l>3.or.4.ooo•-< -VOO-.0
"0....uoo
Closing prices of securities in London for three weeks past andthe range since January 1, 1880, were as follows:
June June June4. 11. 18.
Range since Jan. 1 , 1880.
Loweat. Hlgbeat
U.S. 5s of 1381 1I05H. 105%:i05i4;lO4"ii Apr. 15 lOS's Jan. ISU. 8. 4i«8 of 1891 ,111%|H2 ;il2 109'a Ji»n. 2 112 June 2D. 8. 4s of 1007 IllUt lll'4!xl0'4llO6Vt Jan. -j! 1 1 1 V May 31
State and Railroad Bonds.—In Slate bonds the 8<.>utheni
list is strong, and nearly all the interest-paying Ix^nds are in
demand from their ow-n people. There is a more settled feeling
in Virginia, and some reports go so far as to say that the "le-
adjusters" will not further attempt to overthrow the fundinglaw, under which the new 10-40 bonds were is.sued.
Eailroad bonds have been rather more active, with a decided firm-
ness in the investment bonds, and a more widely distributed
business throughoot the list. The prospective July demand for
the re-investment of dividends and interest, and the easy rates
for money and high prices of Governments, all t«nd to pash upthe prices of flrst-class railrsad bonds.The following securities w-ere .sold at auction:
sliiire».
12 Paeiflc Bniik 15185 Bnnk of Manhattan Co 140%15 Long Island Ins. (\*.; this
Steele carries whuteverbeuetlt the purclin.'ier imi.v
derive from the pri>iK>sedincrease of capital 131
50 South < arolina RR SU11 Home Ins 13342 Howard Ins 104'a17 Bioadwiiy Ins 21320i:a!;le I'ire Ins 20225 Mercantile Fire Ins 8125 (ircal Wc'Ieni Ins 7410 Ciini ExchaoKe Bank loOM6 Chic. & Can. 8o. RK ll»a
50 Jeffersou Ins 138JttmffM.
$6,000 N. Y. (;o. 78. nccuni.debt liond.due 1885. 113:% &iut.
11.(KK) N. V. t'o. 78, accura.debt bond, dne 1887. 1 1 7^! & iul
.
$3,000 N. Y. Co. 7s, SoUliera'Bonntv Fuud Bond, doe1807 1-20% and int.
10.000 City of Brooklyn 7a.Boulevanl Inipruv. stock,duo ISS? 1064II
10,0O0Ctlvof BrtieklynTa,N. Y. Bridge bond, due190-1 128x
440 roupou» from Tenn.State bonds 815
1,000 Jersey Cltr '». Inipr.Iiond.diie 1893 ...100 and Int.
100.000 Seioto Vallay RR.•2d niort. 78, due I8»4:int. April 1 uiid Oct. I(April, 1880. eouiKina at-taeheil: bvpotb ) e5«G0<«
10,000 Broadway A SeventhAv. RR. I8t mort. "a, due1884 103 ««
1,178 Jeffersou Iii.s. aerlp... 68
Railroad and maccllaueona Stork*—The «tock market
has not been particularly active, but the undertone i» Mrong.
In several stocks there has been a quiet but decided advance
since last week, and even the coal stocks close at prices abon t
the same as last Frid.-ty, and New Jersey Central higher. Mich-
igan Central has advanced nearly four per cent in the week,
and it is rumored that the semi-annual dividend will be 8^Eer cent; but probably the Trunk line arrangements at Chijsago
ave quite as much to do with it. Manhattan Klevated has
been, at times, decidedly strong on considerable purchase*!, and
it is evident that there have been some strong buyers of this
stock. Although the stock represents merelv a contract coa-
trolling the franchise of the two elevated roads, it is generally
admitted that this company has a very Taluable propertT In
these lea.ses, if it is only carefully and honestly handled for li
644 THE CHRONKJLE [Vol. XXX,
year or two. Philadelphia & Reading matters are no further
developed, and now it is said that some time will elapse before
the Receivers will make their statement. The coal stocks haverecovered somewhat from their extreme weakness.
The daily highest and lowest prices have been as follows:
Saturday. Monday. Tuesday* Wednesd. Thursday, Kriday,June 18.June 12. June 14. June 15. June 16. June 17.
Am.Dlst. Tel.Atl.&Piic.Tcl.
7i)
407640« ipi?g 75« tSh
4lS 48^75«75«
40" 40)474 74
•39)4 4164 04 86 66 S», S5 53)4 55 55 56
Cent.of N. J.. 59 B0« mi 62M aO)i, 62T(i 5--« 60J4 5t«4 6054 60)4 81)4Cent. Paclflc. 70 70 70 70 71 71Ches.AOhlo.. 17 17 •17 18 17)i 17)i 1I>»' F« l;^ 18^ 1TJ4 18Do Istprf. "24 2b •23 25 "28 25 24 24 24)4 24)4Do 2dprf.. ?^ ISX *:8 20 •18 20 •18 20 •18 20 •18)4 20
Chic, i Alton. f^'Ji 107H lO-X 107T<108 •107)4 ... 108 .08 108X lOSM118 118)4Chlc.Bur.A 0.
Chlc.M.&St.P.•117 I18)i 118 118)4 1I8M 118!< 118 118H 118 1874 75H 75 7« 75)^ 76)6 •{^".^ 745i 76-54 75)4 '"7)4
Do pref. 102 ,02 102)( 103 103 03 104 104Chlc.iN.W.. MH K39« it3^
lOtlft04M 95)^ fOVH «5M xUl)4
•ll0792)4 02 92)4
Do pref. 109 o«w 100)^ 110 110 •09)4 lOlHH ro8 108 108HC.R.I.4P. new lOIMlOlX 102 102 10! 102 lOlJi 101« 101J4 102 102X 104)4Ch.St.L.AN.d. •27 28 28 28 iSH 285< 28 29 •27 2/(4 29 30)4Chlc.St.P.&M. •...
.
52Clev.C. C.&I. .(M »»)« 70 70 70 70 68« 80)4
:5M 17)469 69 70)4 70!4
Col.Chlc.AI.C.68^
11 14W 15 14)i 17 1.5)4 llvK 15)4 16»tDel.&H.Canal 70 •IH 60)i 71)4 69 70 «1*)4 70 6954 70Del.Lack.&W. 74 ibM 75)^ 77 74M 77X;
SiS 3S«74)4 TSJ* 7454 7.'i'/« 7554 '7654
Han.* St. Jo.. SiS« am 299i 3m 3274 34)473)^ 7454
.325( 84 3:i% 34Do pref. 70 71 72 73 7254 T4 TOiK 74 7354 '5
Hous.&Tex.C. 85 81 64 •80 64Illinois Cent.. ld3«103« LiHiiiom 104M 104H •03)4 10454 •103 :((4 10J54 104Lake Erie&vr. 24« 25 2SM 2B 2SH 26)4 25J4 26M 25J4 26X 26)4 29Lake Shore.. .. I lO^H tWH 103J4 105)i 104)2 105)s
•I20|il21 ;wii!* 103X104)4 104)4 10554LouiST.ANash lao 120 121)^ 122 120)4 120)4 •120 120)4Manhattan.... 80 31 30X 34 )« 33)i 86?< 33)4 3474 3.3W 34H 32)4 34Mar.&C.lst pf. SK, S)« 8)4 8)4 8k 9Mm 8w
8'.4 9 9Do 2cl prf
.
5 5 6 6MIch.Central,. mi 85 KbWi 8«i« SOX 86M 85^ 87 85)4 87)4 87)4 P9Mobile* Uhio. •i,-^ IBl« 17 17 17 37 •18 175,' ;6 16 1654 18MMo.Kans.iT. 33 34)1 »3<<, 35)( 3m 34J< 8:M4 34)4 33^ 34 ^f 3ir 34gMor.&Kasex.. 102!^102H! 104 104H 104)4 104)4 103)4 !04ai( KI4 104Nash.Ch.&StL 53 54)* 5B bV)« 55 57 •.... 58 65)4 5.5)4 57)^ 57)4NewCent.Coal .... 24)4 24)4N.Y.C.&H. K. 126^ 12UW 12T«12S 12S 128)4 li25M 26)i 126 126 126 127)4N.Y.L.K.SW. 38)1 37
68338H 37)i 37J4 36)4 37)4 35J4 31 37 3754
Do pref. 68 S8X Wl^ 60X em 58)i 80 fM'i .69 J4 60 60MN.Y.Ont. & W. aV4fi 2Sl^ 28)^ 2U4* 28)4 29 28 28?i •/Vi 28^ 28)( 2954
255? 26)4Northern Pac. 25 25)* 2aH 28 25jr 26 25)4 2554 25!2USHDo pref. *'m 47% *IH 48 )r 48)4 48 46)i 47 465i 47)4 47)4
Ohio Central.. 1«'4 iWH 19 10 •18 1854 19 2154OhiO&Ml93...
Do pref.Pacific Mail... 37% 38?«
2»7339 395^
23)4 295673)4 ra)43894 39)4
28)4 29>4 28)4 28J4 28J4 29)4
38 39)4 3754 38i« 37i4 3334Panama •175 • .... 185 «... 185Phil. & Read'g 17« im luxi 20X 17jl4 20 1754 1854 175< 18 18 18)48t.L,.A.&T.H.
Do pref.8t.I,.I.M.Xso.
16 16
42H 43)« 43)^ 45W 44)4 45M 44" 45"' 4354333
4454 Uh 45"St.L.* S.Fran. •33).; 34 )« 34)« 31 )v ».... 34)4 •
. . . . 34)< 3354 •...^ 34^45)4 45)4•67 ....
Do pref.Do Istprf. ^1^ 66)<;
4867
45 45)(•65)4 67
45 45!<•66 67 663
45>467)4
Bt.P.&SiouxC. S«)4 MH 38 38Do pref. 72 7« 7454 7454
Butro Tunnel. 2^ 2H 2^ 2)< 2 2)4 2 2 174 2 1?4 2Union Pacific. 8«W «U 8tf« tfO 89)4 90 89)< 90)4 887:4 8»)4 81C14 89-54Wab.St.L.&P. 33*( 34)4 34^ 35t^ 3iri 36)i 34)4 35 ^ 345( »«5i 35)4
Do pref. 62)^ KtM <»% 84:K; 83« 64)4 02-J4 63-51 63U 63)^ KS5iWest, un.'l'el. 101X103V.ill03.J< 105.'M 10454 105)4 10354 105)4, I0;15i 10J54 104)4 105)4• These are the prices bid and asked : no nate was made at the Board,-f Sales were also made ex-div. at 91)4@92)4.
Total sales of leading stocks for the week ending Thursday 1
and the range in prices for the year 1879 and from Jan. 1, 1880.to date, were as follows:
Canada SoutliemCentralof N. JChicago & AltonChic. Burl. & QuincyChic. Mil. & St. P....
Do do pref.Chic. & Nortliw
Do do pref.*Chic. Rock T. & Pac.Col. Chic.& Ind.Cent.Del. & Hudson Cana!Del. Lack. & WesternHannibal & St. Jo...
Do do pref.Illinois CentralLake Erie <fe WesteniLake ShoreLouisville & Nashv.ManhattanMichigan Central. .
.
Missouri Kan. & TexMorris & EssexKashv.Chatt. &St.L.N.Y. Cent.& Hud.RivN.Y. Lake E.& West.
Do do pref.Northern Pacitlc
Do pref.Ohio & Mississippi .
.
Pacific MallPanama
,
Phila. & Reading. . .
.
8t.L.Iron Mt.ASouthSt. L.& San Francisco
Do pref.Do Istpi-ef,
Onion PacificWab. St. L. & Pacific
Do do pref.Western Union Tel
Sales ofWeek,Shares.
2,500136,8?7
8341,700
56,7110-15
29,005920
3,46818,22012,924
196,54037," 8013,4651,2534,415
120,555850
71,73013,43553,5552,5104,7405,965
213,9048,5002,1404,139
21,43065,455
26,20016,9951,2001,200700
17,25516,65021,520
161,820
Range since Jan. 1, 1880. IRange for
lYear 1S79.
Lowest.
40 May 1745 May 259912 Jan. 2113 Juno 2661a May 2599 May 108713 May 11104 Feb. 10IOOI2 June 119>2May 11
60 May 2568 >2 May 2522^8 May 25631a May 25991a Jan. 220i4May 1195 June 286i8 Jan. 824 May IS75 May 172818 May 25100 May 24471a Juno 1
122 May 1130 June 147 May 2520 May 113!)38May 2423 Mav 2527I3 May 17168 Jan. 21718 June 113419 May 2525i4May 1133 May 1160 May 1180 May 1126i3May 255114 May 2586% June 2
Highest. Low.
741a Jan. 14 45^490i4Mar. 8 33I3116 Mar. 29 75152 Jan. 26 111%8.^38 Mar. 27 ~ ~
107>a Mar. 2997 Mar. 31IIOI3 Mar. 23204 Juno 8 11925i8Jan. 261 586% Mar. 309479 Mar. 22421a Feb. 2476 Feb. 24110 Mar. 313838 Mar.llligMar.1641a Apr. 257I2 M.ar. 1695 Mar. 549i4Jan. 27llOiaFcb. 28128 Mar. 5137 Mar. 314878 Feb. 27379 Feb. 236 Jan. 1460 Jan. 13441a Mar. 662 Mar. 8190 Apr. 1372!i8Jan. 366 Feb. 1748 Feb. 26OI4 Mar. 88312 Mar. 997% Jan. 1948 Jan. 2772i58Jan. 27
1161a Feb. 24
High
78 la
8978IOOI4
. I341334% 82%74% 1023»49=9 941a7678
3843I3143479 14
4 tl64 67
353573%5%75%351a11221%3712
!16;44i47%10%123
133%4%9%
57I3
8858
108150%2889%9441%70%100%28%
10889%72 149835%104%831394978%40%6533%39%182
565360%78%95
116* Lowest prii-e here is for new stock, sold for first time June 11.t Range from Sept. 25. } Rani^e from July 30.
The latest railroad earnings and the totals from Jan. 1 tolatest dates are given below. "The statement includes the gro.ssearnings of all railroads from which returns can be obtained.The columns under the heading " Jan. 1 to latest date" furnishthe gross earnings from Jan. 1 to, and including, the periodmentioned in the second column.—Latest earnings reported.- -Jan. 1 to latest dnte.-.. ^^ r, ^^ WeekorMo. 1880. 1879. 1880. 1879.Ala.Gt. Southern.May $44,145 $30,438 $243,946 $164,089Albany* Susn.. April 120,558 78,958 441,934 333,643• :f .,",''• *^*^<'-'*""^'' -^Pr 172,300 133,389 2,277,500 1,738,629Atl. & Char.Air-L.April 52,916 52,816 300,113 250,310
.—Latest earnings reported.—, .-Jan. 1 to latest date.-.WeekorMo. 1880. 1879. 1880. 1S79.
Atl. AGt.West....April $304,161 $330,812 $1,687,839 $1,265,994Atl. Miss. & Ohio. April 143,099 118,113 637,343 482,260Bur.C.Kap.&No..lstwk J'uo 36,098 27,200 863,066 570.845Burl.&Mo.R.ln >'.3dwkApr. 49,123 40,801 639,521 518,254Cairo & St. Louis.May 34,683 18,902 144,511 92,431Carolina Ccutral. April 28,032 26,780 163,220 156.058Central Pacific. ..May 1,731,0001,579,591 6,749,539 6 412,320Ches. AOhlo May 196,531 178.824 1,041,888 664,351ChicagoA Alton .1st wkJ'ne 140,058 101,382 2,927,037 1,837,501Chic. Buri.&Q... April 1,260,319 1,018,753 5,093,021 4,177,968Chlc.Cl.Dub.&M.4th wkApr 16,883 8,175 201,225 151 340Chic. & East. 111.. IstwkJ'ne 25,771 15,271 463,269 337,149Chlo. Mll.&St. P.2d wkJime 278,000 183,334 4,972.000 3.614.466Chic. & Northw..May 1,794,700 1,433,365 6,737,313 5,567,245*Chic.St.P.& Mln.lstwkJ'ne 27,034 22,720 604,363 476,473Chic. & W. Mich.. 3d wk May 14,011 10,358 306,025 231,774Cin. H.im. & D... April 197,048 170,140Cin. & Bpringf. ..Istwk J'no 14,194 14,131 332,737 258,586Clev. Col.Cin.&I.lstwk J'ne 72,364 67,345 1,585,358 1,272,080Clev.Mt.V.&Del.4thwkM'y 11,462 13,145 174,136 147,001Del.<StU.Can..Pa.Div.. Apr. 98,381 88,942 391,575 375,949Denver* Rio Gr. 2d wkJune 68,800 881,900Denv.S.P'kiPac.Mayt 223,903 44,3.54 940,789 l°O,309Det. Lans. &No..May 91,092 91,527 466,471 388,074Dubiique&S.City.lstwk J'ne 19,725 16,031 338,210 359,153Eastern April 247,297 192,698 863,906 697,551Flint* Pere Mar. iRtwkJ'ue 23,895 18,507 647,633 462,720Gal. Hivr.* San.\. April 95,264 85.412GrandTrunk.Wk.end.J'ucl2 193,676 148,816 4,357,949 3,716,566Gr't Western.Wk.end.J'ne 4 94,330 71,221 2,008,751 1,747,512Hannibal&.9t.Jo.lstwk J'uo 39,736 25,978 991,701 811,477Hou8t.& Texas C- April 247,807 158,318 1,077,384 873,325IllinoisCeu. (Ill.).May 497,134 445,332 2,278,917 2,068,289
Do (Iowa). May 129,720 130,128 631.870 579,035IndianaBl. &W..l6twk J'ne 24,864 23,863Iut.&Gt.North..l6twk J'uo 20,388 19,099 632,906 617,344Iowa Central Mjiroh 89,581 54,.50G 225,n00 157,706K. C. Ft. S.&Gult.3dwkMay 19,038 17,412 422.437 289,876Kans.C.Law.&So.Sd wkMay 11,551 7,833 256,077 150,337Lake Erie* West. 1stwk J'ne 29,293 10,292Litt)eRk.& Ft. S.May 21,471 14,6!(0 170,218 106,441Ixiuisv. & Nashv. 1st wk J'ne; 151,900 80,821 3,198,083 2,205.347JIinn.& St. Louis.May 59,593 37.407 237.291 161,137Mo.Kan.&Tc.xas.2dwkJune 69,470 51,564 1,803,754 1,122,041Mobile* Ohio. ...2dwkJuno 23,900 21.004 941,357 808,977Nashv. Ch.*St.L.May 158,839 139,524 880,550 732,840N.Y.& Canada.. April 56,126 33,307 220,263 118,593N.Y. Cent.* Hud.May 2,340,998 2.211,011 13,089.001 11,135,145N.Y. L.Erie*W.AprU 1,643,1511,372,755 5,836,703 5,034,099N.Y.&N. Engl'd. 1st wk J'ne 47,089 44,806NoithernCcutral. April 386,130 328.869 1,466,809 1,201,645Northern Pacific . May 207,700 201.193 648,762 510,498Ogd.&L.Ch.tmp.lstwkJ'ne 9,565 8,019 175,698 121.124Pad.&Elizabctht.May 27,812 19,405 149.016 108,312Pa<l.& Memphis..May 13.338 11,271 81,442 62,099Pransylvauia ....April 3,488,366 2,630,022 12,794,679 10,314,553Peoria Dec. &Ev. May 40,800 167,412Philadcl. &Erie..Anril 334,947 215,607 1,132,304 878,130Phlla.* Reading. Mar.-h 1,437,322 1,041.142 3,836,720 2,876,222Pitts. Titusv.&B.April 55.700 41,704 167,593Ports.Gt,F.*Cou. April 17,354 8.654Rensselaer* Sar. April 164,598 110,586 547,521 373,283St.L.Alt.&T.II. ..IstwkJ'ne 22,564 14,779 536,659 345.857
Do (brchs).l8twkJ'ue 11,420 8,186 267,300 224,216St.L.IronMt.&S. IstwkJ'ne 93,900 65,745 2,372,159 1,712,919St.L.&.S-m Fran. 2awkJune 41,100 22,100 1,026.730 473,3.578t.PauI*Daluth. April 39,131 27,641 148,432 101,527St.P.Minn.&Man.May 281,899 268,657 1,194,594.St.Paul&S.tJtty..IstwkJ'ne 26,846 20.939 581,033 428,409Scioto Valley ....IstwkJ'ne 5,148 4.160 118,017 110.578Texas* Pacific. IstwkJ'ne 29,793 23,892Tol.Peoria*War.2dwkJune 30,200 21.171 604,213 530,335Union Pacific .... 1 1 dys May 640.000 518,000 5,396,997 4,693.302Wab. St. L.& Pac. IstwkJ'ne 221,229 124,096 4,383,038 3,120,744WisconsinCent.-.lst wk Apr 22,044 15,338Wisconsin VaUey. 4thwk Apr 9,711 4,744 108,919 49,037
* Includes North Wisconsin.t Mileage last year was 85 miles, a.?ainst 147 miles n^.-w
; Since June 1, 1880, includes earulugs of the New Orleans Mobile*Texas.
Exchange.—The temporary change in the movement of foreign
exports and imports at this port has been very marked, tneimports of foreign merchandise falling- off, and exports of prod-
uce this week rising to the highest figures ever made in asingle week. The market for foreign exchange has been rather
dull, and rates easier. On Thursday the rates for sterling wereadjusted to the decline in the Bank "of England discount rate bya reduction of demand bills to 4 89. On actual busine.ss to-dayBO-days bankers' bills sold at about 4 85^ and demand at 4 88^.The following were the rates of domestic exchange on New
York at the undermentioned cities to-day : Savannah, buying5^, selling ^premium; Charleston, buying ?4 premium, selling
^ premium ; New Orleans commercial, 100 premium, bank,
$2 50 premium ; St. Louis, 50c. premium ; Chicago, 25@50c. dis-
count; Boston, Is. discount.Quotations for foreign exchange are as follows :
Jlse 11.
Prime bankers' sterling bills on LondonGood bankers' and prime commercial. .
.
Good commercialDocumentary coiumereialParis (francs)Antwerp (francs)Swiss (fraucs)Amsterdam (guilders)Hamburg (r(*i(-bniarks)
Frankfort (rt_'ichmark8)Bremen (reichmarks)Berlin (rcichmjtrks) ,
Sixty Days.
4 85%»44 8514344 84%a44-8334»45 23%®55 23%a55 22%ai33979®945s®94%®94%®94-%a
86%
84I420'58
20%2040%947894^894^89478
Demand.
4SS%a44 83 ®44 87 ®44 86%®45 20 ®55 2II4S55 19%®540 -S)
95959393
89%88%87%8717%17%17%40%95%95%95%95%
The following are quotations in gold for various coins
:
Sovereigns $4 83Napoleons 3 83X X Reichmarks. 4 74X Guilders 3 90Span'hD(mbloons.l5 60Me.x. Doubloons.. 1 5 55Fine silver bars ..
Fine gold bars
®$4 87® 3 87•S 4 78® 3 95a 15 80®15 65
1 15%® 1 13%par® 14 prem.
Dimes & % dimes. — 99%® par.
Silver 14s and %s. — 99%® par.Five francs — 92 ® — 95Mexican dollars.. — 90 ® — 91Do uncomnierc'l. — 87 ® — 88EnL'lish .<i!v,-r.... 4 76 ® 4 82Priis. .'ilv. tlialers. — 68 8—70Trade dollars — 99 ® — 99iaNew silver dullara— 99% ® par.
Junk 19, 1880.] THE CHRONICLE. 615
New York City B«nli«._The following statement shownthe condition of the Associated Banks of New York City for theweek ending at the commencement of business on June 13, 1380.
Banka.
P
Capital.
New YorkMunhattUQ CoMercluintsMechanlca'UnionAmorlcaPhosnix.CityTradesmen's..FultonChemical -
Merch'nts' Exch.iGallatin Natlun'lButchers'AlirovMeclianlc.1' Jk TrGreenwich....Leather .ManTrsSeventh Ward..State of N. v.irkAmerican Kxcti..CommerceBroadwayMercantilePaciaeBepublloChathamPeople'sNorth America..HanoverIrvInKMetropolitanCitizens'NassauMarketSt. Nicholas8hoe& Leather..Corn Exchange..ContinentalOrientalMarineImporters' & Tr..ParkMech. BkK. Ass'nNorth RiverBast RiverFourth National.Central NatSecond Natlon'l.Ninth National..First National..Third National ..
N. V. Nat. Exch..Bowery NationalN. York(^(»unty..Germ'n Americ'nChase National .
.
Fifth Avenue
ToUl
«3,000,0008,080,0002,000,00012,000,0001,800,0008,000,0001,000.0001,000.000l.OiMl.OOO600,(XJO800.000
l.O^HI.IK
l.lHHJ.OOfJ
300.000200.01Kaoo.ooiooo.ooc.100, IMXHIMI.IMM
.^.IMIO.tJOl
O.OOO.IKX1.000,0001,000,0004«2,700
l,!SUO,(XXl
450.0(J«
T(K),0001,000.000ooo.otxi
3,000.00(1600.000
1.000.000500.0005<X),000500,0(X)
1,000,0001,000,000soo.iwio400,000
1.500.0002,000,(XX)500,000240,000230,000
3.2(X),0(X)
2.000.000!)IX).(KX)
750,0(X'800.000
1,000.000300.000250.000200.000750.000300,000100,000
Average amount of
Specie.
S,84S.0001.SIH.ID0l,Bfl«,2iJC
MKi.OOO(uv.eoo
8.331.400Ml.OUO
B.tttW.lOO84H,HOO988.200
8.040.700S«3,700410,300siu.aoo100.000^'^.UOO
2»U,U00134.500525,700
0.440.000B.2S0.700415.400815,.'locl
331.1100WM.WX)437,00077.000170.000
1.2U5.000441.100
2.414.0(X)383.100U3.10O2u 1.200403,500718.000873.«(K'
1,33U.(W087.400
763.0004.060,0008.887.000
04.40030.90065.7(X)
3.014.000l.KW.OOO520.000K.'i5.400
8,51(7,5008.405.500
14U.80027.0IX)13.700
344.100580.400852,300
TjesalTenders
Net dept'sClroDla.
than i;. 8. tlon.
0,060.000I
ma.onnft.07s.sac iUHlB,7O(,l00 688,5iH)5,181.000 44.KX13.047,8006.501.500 I.IIXJ
8,780,000 207,00010.87B.OOO8,086.000 'iS8,7(J6i.iaa.Hoo
11.443,8008,185.400 n<iu.sooIJMS.OM 7U4.0(K1IJ»6.40( 234.500II78,00( 180.000873.800 8.700
8.113.71X1 475, 1008H1.8()C a«.8(X)
8.706.20(1 885.0001 3.100.000 430.11008.832,00(1 1.31I2.7IXJ4.020.60(1 8U4.7003.3O7.8O0 178.6008.160.80)18.681.800 t,1Sn,8()68.610.300 45.000l.848..'<00 8,4008,857.1006.708.10(1 800.0008.488,300 43U.8<»J
11.83».(HKj 43.0(X18.0ll.7iX( 8«7,3.XJ2.103.000 3.1MX)1.731.400 32I.70U1,«52.8(X> 450.01 XJa,25tf.00O 430.0008.882.8IX) 4.Hon5.838.300 77D.8O01.340.1003.:f52,OoO 180.000
20.301.300 1.084, OIX)18.a01.00t 680.600
62«,00(' 851,400WW.tlOO600,000 888.800
t4,5M.!100 810.(>008.165, lOO 1.48«.01X)3.1 02.000 43.I11X)
4.552.500 180.00018.748.000 450.000»,44e,000 785.300
968.1!O0 8e7.0(X)1.183.0O0 8'24.0'Xl
1.441.700 180.0002. 180.7003.085.300 154.8001,512,600
871.628.800 18,688.500
The deviations from returns of previous week are as follows :
Loans and discounts Inc . f3.209.700 i Net deposits Inc . (4,788.500Specie Inc. 3,o.'W.70O I Circulation Dec. 377,400Legal tenders Inc. 886.30C i
The following are the totals for a series of weeks past:
Loans. Specie. L. Tenders. Deposits. Circulation. ARK.CIear1870 A i( ft Ji & ft
Nov. ' I....271.238.600 29.075.300 2.S.013.900 234.412.000 82.600.500 865.862.ai78. . . .870.076.SfX) SS.Nai.-SfX) 2:1.486.900 2:ll,ll'27.7IX) 22.»)1,500 772.150.134
'• 15. . . .868..'>.S8.S00 42.81I2.H(X) 22..'iB.5.800 2:i«.2ni.2IX) 22.473.700 870,0i>2.030•• 28....876.104.400 50.0(J6.7(X) 18.«N5.2(X) 250.2H7.300 22.530.400 «42.1)22.7(VS•• 29. .. .273.4 W.UOO 62.3l0.7fJ0 16,771,700 247.I»r).Ono •2.S.024.H1I0 779.055.847
Deo. 6....273.101. 1(X) 54.77I.0(X) 14.673.200 247.0:IO.IIX) 23.2,'S3.100 850.H46.m48'• IS....275.730.100 54.069.400 13.103,900 247.559.2(X) 23.463.800 r22,60:l.3f>9" 20. .. .878.098.100 50.812.900 12.543.400 246.118.6(X) 23.651.900 606.418.318" 27....877,584,200 48,638,200 12,088,700 242,062,200 23,732,900 536,014,0731880.
Jan. 3....276. 706.200 48,282.100 12.723.500 242.087.100 23.748.800 604.I97.B43•• 10. ...276.110.100 51,473.500 14.097.800 246.995.600 2;(.812.1KX) 6.57.693.260" 17....278.990.900 5:j..^58.600 15.914.200 253.731.90<) 21,rt:!3.90() 7H7.72.'<.19S" 24....280.068.600 51.832.200 17.143.500 257.483.700 21,662.900 743.123.0:11" 31...883. 194.500 30.312.800 18.586.000 259,675,900 81.529,900 772.270.893
Feb. 7....290.381.600 62.994.600 16.4.)7.900 264.404,200 21,683,200 720,978.130" 14....290.445.200 54.746.500 16.fW6.000 267.128.100 81.599.800 683.453.357" 21....200,091,200 59.»87.20fl 15,505,500 271,601.000 21.2S2.'i00 79,').314.114•• 28....293.543.600 37.4:.3.800 14.16,S.0(X) 271,012,800 21.174.lXX) 72.'5.419,,''ri5
Mar. 6,...297.1.S5,500 8h.055.000 12.130.41X1 271 .4.s:(.4rx) 21.(K)2.10O H93.01I.023" 13. ...297.236.900 57.927,900 11,652.4(X) 270,3H1.(XX) 20.967.100 827.801.H4il" 2O....294.4l'7.40O 55.440,100 11.535.100 284,538,200 20,975,800 718.4HI.8(ll" 27.... 290.886.700 54.778.800 11.272.500 260.310.500 20.995.2(X) 644.433.907
April 3 ...290.639.500 53.669.300 10.847,600 239,308,800 20.981.60(1 771,011<,H7o'• 10.. ..288.470.900 52.023.600 11.935.900 256.267.800 20.9,87.900 810.771.H0M" 17....284.250.800 50.0.30.800 13.866.0(X) 253.5I9..S00 20.843.000 H»9,sl?.m:)" 24....278.880.200 48.983.600 15.4,32.100 248.896.700 20,612,.S1X) 720.»47.s)il
May 1.... 880.436.300 49.406,500 17.014.000 252.572.'200 20.646.200 697.435.05l8. ...281.137.700 53.391.500 17.2.17.100 258.323.000 20.572.900 7«0.388.i6«
" 15....278.571.200 66.278.000 19.289.300 261.075.900 20.49H.400 867.e38.04u" 22....872.230.800 56.831.900 21.669.500 258,8'25.700 20.304.000 758.SlB.a'li" 29....273.216.4rx) 69.271.700 22.547.400 282.762.800 20.238.100 798,«B0.67h
June 5....278.036.000 61.109.000 al.934.KOO 260.8.39.000 80.059,900 689,836,132•• 12 ...879,263.700 83,192,700 22,221.300 271.628.500 19,682.800 737,534,53^
Note.—With December 27 the Grocers' Bank disappeared from the list.
(ICOTATIONS IN BOSTON, PHILAUELPUIA AND OTHER CITlBSi.
BZOUalTISS. Bid. Ask. sxoratTtiB. Bid. Ask.
01dCoIony.7« llSliBOSTOX. 01-1 Colony, 68 Ill
Atch. & Tcpeka Ist m. 78 iie^t Omaha & a. Western, 8sdo land grant 7s Vueblo & Ark. Valley, Js 111 ....
do 2d7a liutland 68,181 mort 92Kdo land Inc. Sa.. Vermont a Canada, new Ss.
.
....
Boston & Maine 78 120 Vermont A Mass. KR.,68STOCKS.Bostons Albany 7e
113 .... Atchl80n & Topcka j:At.hl^oa & Nebraska fcO
118MBoston & Lowell 7s
d> 68 105 Boston* Albany. 144Boston A Providence 7a V22 Boston * Lowell . 93 94«Burl. & Mo., land erant 7s. . . :i4w; 114H Boston * Maine 1X3
do Kebr.88 Ex 108 Boston* Providence .••. ....
do Nebr.68 loiV BuriinKton* Mo. in NebConn. * Passumpslc. 7s, ISri. 170^ 110^ Cheehire preferred .,..
Eastern, Mass., 4>t8, new. ... 94t, 9.'-. Chic. Clinton Dub. A MIn.... ?«« 77ritchbnrgRR.,118 Cin. Sandusky * Clev 18
do 7s ConcordFort Scott & Gulf 7a m<4 Connecticut Klvor 144Hartford* Erie 78 38>« 33K Conn. * Pasaunipalc 60a.an. City Top, Ic W., 7s, Ist 115X|.... Kastert (Maaa.) 8i>X 36
do do 7s, Inc.. .. Kasiern (New Hampshire)...K. City Lawrence & So. 4i... 879<l 8S KItchburg 184Kaa. (jlty.St. .Jo.*C.li..8. . ... tUl>4 Fort Scott A Gulf, preferred ....
&'
Kan.CiirSt. .lo. & t;. B. In.Little R't & Ft. 8tr.lth, 's.lBt
8) ... do common. 50lOO'i'lOl K.C. Law. t Southerii.Ki.R ...*
^ewyork* New Eng. 48.... 1110 K . C. St. Jo. * Council > lullsOgdensburgALake (Jh.Ss... 100 L... | Utile Rook* Fort Smith ... 34M 85
B»<iro5l, PMILlOBLPIfll. Bte.-Oaatlaa««.
•osarrtaa. BM. AaK
liVii:"•
•§
liii
lolH109
107u»lOS104)4
119100
8eH
49^4U
M108
aiw18
ieo)»6914
160X
llSti
11
101104
iidji
111
IS9
Maactaest«r A Lawreooc...,Nashua* LowellSe« York * New Kaglaod...Northern of New HatiipshlreNorwich* Worcester, ...Mgdensb. * L. Cltamplaln ...
do pref.OM ColonyPortland 8«co * PorumontPullioa . Palace carPueiilo* ArkansasRullaC'd, preferred.Vermont* Massacbuaatta.
.
Worcester* Nashua
PHILADELPHIA.•TATX AHU CITT aoKOS.
P«Bna.5a, 'd,lnt.,rec. orcp.4o M. eur.,reit
do St, reii., IW-undo 8a,now.rei.,liiti-ltindo (s.io-is, re(.,l<ri-1ado is. l^'4.^, reg., IDM-'ndo «s, In.l'lsne,rec.,l87»
PbUadelpala, 3s rec . . .
.
do 44, old, reg .
do 4«,D., rg.,prlorto'9^do 4s,n.,r/|.,lM9*0Terdo 4s, varloui
Allegheny Couoty 5s, coup..
.
Allegheny Oily 1*, refPlilshurg 4s,conp.,19l3
do 5*. rag. * cp., IIU.
Jo Ss.gnld.ragJo 7s,w'l'rln,rg. *cn.ilo 7s. Ur.lmp.. re«.,'»«».
N. Jeney 4a, reg. and coop...do exempt, rg. *(M>up.
Camden Couiiiy 48, coupCamden City (i, coupon
do 78, reg. * coup.Delaware 48, couponUarrUburg City (s, coupon .
.
RAU<IU>AD STOCKS.tCamden* Atlantic...
00 do prefCauwlssa.....
do prefdo new pref
Delaware * Bound Urook....Bast PenasTlvanIaElmlra * Wlllniusport.. . ...
.
do ao pref..
Bar. P. Ml. Joy * Lancaster.Huntingdon* Broad Top...
do do pref.
Lehigh Valley...Llltle ScbnylKIlliilneblllNeaqueboning ValleyNorriatownNorth PennsylvaniaPennajflvaniaPhllailelphia * EriePnlladelphia* ReadingPhiladelphia* TrentonPh!la.Wllmlng. * BaltimoreFllisburg 'lltttsv. 4 Buff
—
do pref.
dt. Paul * Dulnth R.U. Comdo do pref
United N. J. CompaniesWest Chester consol. pref.. .
,
WostJerscy0A8AL STOCKS.
Chesapeake* Delaware ,
Delaware DivisionLehigh NavigationMornsdo pref
PennsylvaniaSchuylkill Navigation
do pref..,
SnsciuehannaHAILROAD BONDS.
Allegheny Val.,78-I0s,18«4...Jo i8.E.ext.,l»10do Inc. 7s. end.. "W.
Belvldere Dela. lat m., 68,1902.
do 2dm. 48. '8}..
do 3d m. 6s, *i7..
Camden*Amboy 48,conp,'S9do 4«, coup., '89
do mort. 4s, 'MCam.* Atl.lst m 78.g.,l'»S
do '4'1 m. cur. 7«, te?!*..
Cam. « Burlington Co.is,"*!.Cauwlssa Ist, iS, conv., '^. .
.
do chat, m., lUs, "83
do new 7s 1900
ConnectlnK 6a. 11)00-1904....
Chartlera VaL.lst m.'s.CUOlDelaware mort.. 68, variousDel. * Hound llr., lat, 7a. 1905
East Pcnn. lat mort. is, "88 ..
El.* W'msport, lat m.,7s,'80.do Ss.pcrp
Harrlaburg lat mor* 68, '8*^.
H. * B. T. lat m. "a. gold. '90.
do lat m. 79, f J. g.'fS
do 2d m. 7s, gold, '98
do 'Wni.f '.«crlpg..7t
do 3d ni.cona. 7». "ys*.
Ithaca* Athens lat g d, :a.,'9U
Junction lat mort. 4s, '82.
do 2d mort. 68, 19U0 . .
.
Lehigh Valley, lBt.6e,cp.. 1896
do do reg.. 18M..
.
do 31 m. 7s, reg., 1910.
.
do con. m.,4s.rg.,1928do do 6«,rp.,19^8
Little Schuylkill, lat m. 7s/nNorth. Penn. Ist m. 68. cp./n.
do '2dra.7s.cp.,TI4.do gen. m. 78. cp., 1908.
do gen.m. 7s,reg., 196!
Oil Creek ist m. 7s, coup.,'8i.
ritub. Tllusv. * B.. 78. cp..'96
do ScripPa.*N.T.C.* BR. 78.1894....
do 190S....
PennaylT.. lat m., 6a. cp.. '80..
do gen. m. 4s. cp.. 19i0.
do gen. m. 4s, rg., 1910.
do cons. m. 4», rg.. 1905.
do cons.m.4a. cp.. 1908.
do Savy Yard 6s. rg.'nPcnn. Co, 69. reg '*'<)"'•Pcrklomen 1st m. 4s,coup.,'»l I
90Phlla.* Brie Ist m.6s,cp.,'8i. 103 I
do :d al. 7».cp.,'S8. IISKPhla. Xowt'n 4 N.Y.. 1st m. ....
rhlll.*Boad. l8tr>l.6«,'48-'44 101do do '48-.49. ....
do 2dm.,7s,cp.,9.<.l>4
• In defanlt. t Per share.
k Con, to Jan.. Tt. funded.
MftH
»»M
US
88
1049M
58
485113^«08
I4;<
80
8«N
1>M
80
lis
i:i«
•OS108116
iu
im<
«o
1 14
u
lis
U84t118M
117116
188
113I05M
mi.* Baad. l}>n,.«»..1t
tttmM.m.yt.fmM'.x..M •eaa.BA^J^I. .
ro *••. .«<, iM . ..
do IlkD, U. *^ (,, l«n,•0 eohv.js, itH*..,..,.
I do Ik. eoap.oB.'MPbn.*l(.Caal*lr«B dak. IM}
do d«». It, eps.aBdo taort.. It, IwaC .
.
!Phnt.Wllm.*B«lt.4a,^ ..
|ntU.Ctn.*Sl. L. ;a.eoa..lM(do do 7>. rr(..ia»
Shainukln v.* Poiuv %. 1961SleulM-ov.* lad. :t(. tt ISM,.Stony Creek 181 in. 7s iwl....Saab. Msi. * W.lal Bi.Ja.14aaabary * Erie ui m. 7a. tl.»TrB.U<n* ( ora'/.lit.a.taBlaua * t-ac tat tn .•<,g..l«n
do eoDa m.jltjf..l9Utao lnc.AI.gr .7a I9ii
DalOB * Tliuav. lat m. 78, te.UaltadK.J. ooaa.ai.4t. Si.«raiT«n*r. Ittm.Tt.'MWaal Chatlar ooaa. It, **!
Waal Jan«]r4«. dab..eoapVKdo IM n. 4t. ep.. Itdo lttm.7a.'«do coo*. Os. 1909 ....
Wtaiam Ptno. KK. <<i,< p.'.Mdo u P. (.."gaCAItAL aoMDt.
Chatap. * Dela itttt. rg-yDelaware Dtvltlon 4t, cp..^.Leblgb Navlga. ni.,4t, reg..'*!
do mort. kKL, rg .-r.
do m. coav. g.. r»j.,*t4
do mort. goto, In....do cons. m.7t. rg.^t:
Morrla. boat loan, reg., ins.
.
PaaatylTtalatt.conr.. '.910..
Schaylk. Nav.lat mMst-.'Vi.do a m.tt.nt..\W,do it, boai*ear.r(.,l9tldo 7i, boal*car.rg..ii.S
gatQoabinoB 4a. coop.. .94.'HALTimoHB.
Maryland It, defeaaa, J .* J.,
do 4t, exempt. ixri...
do if, I8HI. qnanarly..do 58. quarterly . ...~
Baltimore 4t. >S<II, quartdo 4i..8U.J.*Jdo 4t, IMu, qoarwrly...
tt.ptrk.lWU.U—M.It. in8.u.*s4t.ai«mpt.'J»,M.*8
dodoaodododo
•M.
'S»t
48
IM104
111IV4I«104
107110
IM101
MHMlu
at, 19U0, (1 —J .
4t.iiai, J.* J.M. Hi. new
Norfolk water.StkAiLaoAO trooxa. Par.
BaU.*Ubto 100161to lat pr.f 116do *d pr.f nado Waah. Urancb.ldO Uodo Ptrkerai>'gBr..Si SM
Nortbara Central iO SOWatlern Maryland 90 _a>aOeotral Uhlo,....vou^rw vuiv....... ..... ....wPItttbarg * ConnelltTllla..ao
BAILauAD BilNDt.Ball. * Ohia it, lav. J.*J....
do tt, t8n.A.*U. ,
H. W. Va. 8d m.«aar..'8>,J*JPltub.* ConDalltv.'d.'ig.JAJNorthern Central it, '88, J*J
do it, 1900. A.*U.do 4t,gld.l9(n.J.*J.
Cea. Ohio 4t. Iti a..'9u.M.* s.
1. Md. 4s, ist m..gr.,'«U.*J.do ttl m.. W).J.* J
30 88
108111lOMIdO110110118118ItsUAIts116lUMIIJ
I
Him
i
I
lot108104115low110110U)»Hlift
408lis
loa
m
81
III114
IKlUll«
Si'*It*
!3'IS
do 3dm..guar., J.*
J
do a m.. pref I wfdo tdm.j!r.byW.Co.J*J 110do 4t, Mm., guar., J.* J 113
Mar. * cln. ;s, vl r. * A ... lOS)do 3d. M.*M 71)do es.3d.J.*J »
Union RR. ist, guar.. J. * J.. 110do Can. on endorsed. '110
CINCINNATI.I
Cincinnati 48, longdo 7sdo 7-308
do South. RR. T-kls.
do do It, gold.Hamilton Co., U.. it. long... tliu7
do is. tlo5yrt..t'iofldo 7*7-3Ut,lanc.1 ,Vo
cm.* Cov. Bridge st'k. pref.ijg)
CIn. Uam. * D. coDs.ii, 19 3 « ludo la, 1»0S 110do 2d m. ts. 't5 r ^^
CIn. Ham. * lnd..7i, guar. .1 miCIn. * Indiana ^atm..> < loa
do 2d m. 7a, '77, » )„gColnm. * Xenla. lat m. 7a^'Hi .|u7DaTI«n*Ulch. I8lm.78. ^il< 101,4
do 3jm.7a.'s<.ViM^
190lis
Ino
dodo Sd m. 78, '881ao aa u. (8, oa-?
Dayton * Wett. lit D., 'tl . ..1
do iitm..l9IB.Ido Ittm.fs,i90>
lad. CIn. * Laf. ist m. 78 ...tdo (I.*C.>l8tm.7t,'aH
UlUe Miami 4t. '83 -t
CIn. Uam. • Dayton alook. .
.
t;olnmbn8 * Xenla stock.. ...
Dayton * Michigan stuck....do 9. p.c. tl'k.goar
Uttle Miami ttuck
LOCISVILLB.uoa]8TlUe7s.
104108
tioa101lOSlOitt84183S8188DM
100104104104104-.04
104
Ul
loOH
12BUl
184M
lOOM
do 48,'Sito'8i t
do 4t,'»Ito '»•... .^.-ido water 4t.'87 to W. 1
do water tiock it,*??.!
do wharf 4t 1
do ipecltaxisof "Oi.l
Lonl'vllle Water is. Co. 1907|injS
Jeff. M.*l.lstm.(l*M)T>.'8lt 100
do :dm..78 . >I'?I'4do lstm..78. 19M. ..t 114
LoaltT.C.*Lei. lstm.7a.'97» 114LoaU.*Fr'k..LoDlsT.ln,it,'8 ....
lAOltv. * Sashvllle—. .^
Leb. Br. it, '36 t IMIt' m. Ub. Br. Bi.7s.'#i.«.t IMLou. In. do it.'«. .t :06
JaSerton Mad. * lad ttoek. lutt An4 Intereil.
IIS
1^OMilOMtooUIDS101
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IOSt<
100)^103
646 IHE (;HliONJ(;LE IV.,!. -VXX.
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
U. S Bonds and active Railroad Stocks are quoted on a previous page. Prices represent the per cent value, whatever the par may be
STATE BONDS.
BECURITIES.
Alabama—Class A, 2 to 5 . .
.
Class A, a to 5. smallClass B, BeCla«BC.2to5
Arkansas—Bs, funded7s, li. Rook A Vt. Scott Iss.
78, Meinp. & L. Rock RR
.
7s I.. R l". B. 4. N. O. RR.78! Mi»s. O. & R. H. RR-.7s, Arkansas Ceniral RR
Connecticut—^i8Georgia—fls
78, new78, endorsed78, gold
Illinois—6fl.coupon, 1879..War loan
Kentucky—Os
Bid. Ask
60806713555S5
10710-3
110)4110110102102102
8F.CUKITIE8.
lioulsluiitt—78, consolidated7s, small
MIohlgan-Os, 18837S.1890...
Ml880url-6s, due 1882 or '83
6s, due 18HH6b, due 18H76s,duelS8868, due 1880 or '00
Asylum or Univ., duo '92.
Kunillni!. 18W-95Hannibal & St. Jo., 1886.
do do 1887.New York—89, gold, reK.,'8'.
68, Bold, coup., 18876s, loan, 18^«s, do 18016a, do 18P2
46M44
103107H108108H109100112107k108
8ECCKITIK8.
New York—Bs. loan, 1893 .
North Carolina—6s, old.JJkJ68, old, A.&0No. Car. RR., J. 4 J
do A.&Odo coup. olT, J. & J.do coup, off, A.4 O.
Funding act, 1H««do 1868
New bonds, J.&Jdo A.&O
Chatham RRSpecial tax, cla.ss 1
do class 2do class 3
Ohio—«B, 1881Bs, 1888
Kh<ide IsIand-fla.coup.'OS- 9
SKCrUITIES.
South Carolina—8s, Act Mar. 23, 1869.
)
Non-fundabic (' "Tennessee—Bs, old
9, new8, new series—
Vlrglna—6s, old6s, new, 18666s, new, 186768, con.sol. bonds6s, ex matured coupon
—
Os, consol.. 2d series6s, deferred
D. of Columbia-3-65s, 1924,
SmallRegisteredFunding 5s. 1899
do registered
2H *^36 3826 3026 SO20 2620m8.1
en
BOX
THVOH
RAILROAD AND MISCELLANEOUS STOCKS AND BONDS.
101*illOV^160
Bailroad Stocks.(Acuce previouhlu quoted.)
Albany i„ Susquehanna—Boston & N. Y. Air L., pref.
Burl. Cedar llapids 4 No. . . jg (jij^
Cedar Falls 4 Minnesota...Chicag-J 4 Alton, pref 124 127Clev. 4 Pittsburg, guar....Dubuque 4 Sioux CityFrankfort 4 KokomoHarlemInd Bloom. & Western....Intern'l &Gt. Northern....Keokuk 4 Ues Moines
do do pref.
Long IslandLouTsT. N. Alb. & Chicago..Memphis & CliarlestonMetropolitan ElevatedN.Y.EievatedN. Y. New Haven 4 Hartf
.
N. Y. Ontario 4 We8t.,pref.Peoria Deciitur 4 Evansv.
.
Pitts. Ft. W. & Chic, guar,do do spec'l.
Rensselaer 4 SaratogaRome Watertown 4 Ogd...St. Paul 4 Duluth
do do pref.StoninjrtonTerre Haute 4 IndianapolisTexas 4 PaoiflcliDledo Peoria 4 Warsaw..United N. J. RR. 4 Canal ..
WarrenMiscellaneous St'ks,Adams Expi'essAmericHn ExpresaUnited States ExpressWells, Fargo 4 CoAmerican CoalBoston I.jind CompanyBoston Water PowerCanton Co., BaltimoreCaribou Consol. Mining
—
Central Arizona Mining...Central N. J. Land Imp—Climax MiningColorado Coal 4 IronConsolidation Coal of Md.Cumberland Coal 4 Iron..
.
Deadwood MiningExcelsior MiningGold 4 Stock Telegraph. .
.
Horaestake MiningLaPlata MiningLeadvillc MiningLittle Pittsburg Mining ..
Mariposa L'd 4 Mining Co..do do pref.
Maryland Coal §18)^Montauk Gas Coal 1
N.Y.4StraitsviilcCoal41ron ...
Ontario Silver MiningOregon Railway & Nav. Co. g U2Pennsylvania Coal 200Pullman Palace Car 112QuIckBilver 10
do pref 52>vSilver Cliff Slining 85btandara Cons. Gold Mining 25)%
105S4259
124'
11759
\iiS31
*•
101118K159
21120
xllB
5101
11254 Mi47lOSJi
49
sb'15im36'
517'
SIS
32'
!5
85k
1145547110
Chic. M.4St.P.—Continued.
I
Ist m., 73. L4 D.Ell.,1908|S.-west div., 1st Os, ISXW1st 5s, IjjC. 4 Dav., 1019.
1st So. Minn. div. 6s, 1010.
Ist ra.,H.&D., 79. 11)10...
Chic. & .Vorthw.-Sink, f 'd.
Int. bondsConsol. bondsExtension bonds1st mortgageCoupon gold bondsKeglstered gold bonds. ..
Sinking fundIowa Midland, Ist m., 8s.
.
Galena & Chicago, exten.Peninsula, Ist m., conv...Chic. 4 Mil., 1stWinona & St. P., 1st m. ..
do 2d m—C. C. C. 4 Ind's—1st, 78, s.
xmy. 103lIOSi; 112;lI0i^,U21105122 12'2)b;
lOSJiilio^i\i'A\ ....:
117 117^6*I05?^ 107i.i;
105'.'.'.'.
Consol. raortgaCL" - ~ Ten. lien 78
- 2d mort.
C. St.I..& N. O1st con. 7s
Del. Lack. 4 W.-7s, convertible...Mortgfge 73, 1907Syr. BiLxh.&N.Y., lst,78Morris 4 Essex, Ist ra
dododododo
2d mort.bonds, 1900conatruct'n7s of 1871.
1st con.,g'd..81
110
;i05
W2W102no
131114
«104
nel.& Ilud.Canal—1st mIst mortgage, 1801..
.
Railroad Bonds.stock EjxhfinQe. Prices,
Bait. 4 O.—1st Bs,Prk.b.l919Bost. H. 4 Erie—1st m
1st mort., guarBur. Ced.R.4 North.-lst.SsMinn.4 St. L.. 1st, 7s. guarIowa City 4 West'n,l8t7s
Central Iowa, Ist m.78, 1899Che8ap.4 O.—Pur. m'y fund
68, gold, series B, int. def.68, currency, int. deferred
Chicago 4 Alton—Ist mort.IncomeSinking fundJoliet & Chicago, Ist m. .
.
Louls'a & Mo., 1st m., guardo 2d 7s, 1900
Bt. L.Jack. 4 Chic. 1st mHiBS.Kiv.Uridge,lst.8.f,B!
Chic. Bur. 4 Q.—8 p.c, 1stmConsol. mort., 7s5s, sinking fund
Chic. Kk. 1.4 P.-Bs, cp.,19176s, 1917, registeredK;eok.4 Ues .M., Ist, g., 58.
Central of .V. J.-lst m., '9U.
Ist consolidateddo assented.
Convertibledo assented
Adjustment, 1903Lehigh 4 W.B., con., g'd..
do assent'dAm. Dock & Impr. bonds
do assentedChlo.Mil.&St.P.—Ist.Ss.P.I) ii318d mort., 7 3-10, P.D.,1898|Istm., 7s, tg'ld,R.D.,)002 nB)<iIstm., LaC. Ulv., 1803... 115iStm., I. & M-, 1807 ill4?i1st m., I. 4 I)., 1899 Jilllstm..C. 4.M., 1903 J114Con. sinking fund, 1005. .. 115OH — - - ^onA ' + lnr^
107«8844
10710899
lis'
37)ii120
win1091.
tllO
111'
122?6
1191199511B«
ioi«
idiioe«
92k107107
•'
do extendeddo Coup.. 7s,'94
do Reg. 7s, "94.
1st Pa. div., coup., 7s, 1917do reg., 7s. 1917
Albany 4 Susqueh., Istm.do 2d mortdo lstcon.,guar
Kens.4 Saratoga, lst,coupdo 1st, reg.
Denv.A R. Grande-lst.lWOOErie—1st mort., extended.
.
2d mortg., ext'n 58. 1019,
3d mortgage, 73, 188.3...
4th mortgage, 7s, 1880..5tli mortgage, 7s. 1888 .
.
Istcons, geld 73, 1920....
Long Dock bondsBuff. S.Y.& E, Ist m., 191BN.Y.L.E.&W.,n.2d,con.,Bs
do 1st, con.,f,cp.,7sdo 'id,con.,f.cp.,5s,0s
Ilan. 4 St. Jos.—8s, conv.H0U3.4 Tex. C—1st, m. l.,78
1st mort., West. Div., 7s..
1st mort., Waco 4 N.,
2dC., Main lino, 88...
2d Waco &N.,8sInc. and ind'y, 79
Ili.Cent.—Dub.&Sioux CistI Dub. 4 Sioux C, 2d div...
210 Cedar F. 4 Minn., 1st m..114 Ind.Bl'in4W.—I9t,pref.7811 1st mort., 7s, 190054
I 2d mort.. 1909Ind's Decatur & Sji'd Ist 7s
Int. 4 Gt. North. 1st 63j;Id.
Laka Shore—Mich S. & N. Ind., s. f., 7s.
Cleve. 4Tol., sink. fund..
, do new bonds.389i
I Clove. P'ville& Ash., 7s• •
IHuffalo & Erie, new bds..
.
89Ji4I Buffalo 4 State Line, 7s.
.
Kai'7.oo 4 W. Pigeon, Ist.
l)et.Mon.4 T.. 1st, 7s.'l«0BLake Shore Div. bonds. .
.
do cons, coup., 1stB8 do cons, reg., 1st38 do cons, coup., 2d.121)^ do cons. reg.. 2d .
.
Lonisv.4 Nash.—Cons.m.,7s
2d mort., 78, goldCecilian Branch, ._
114 Nasliv. 4 Decatur. Ist. 7s.101 L. Erie 4 Wcst.-lst Bs, 1919112>f Laf. ni.&Mun.—IsiBs. 1019
Manhattan Beach Co. 78, '99
N. Y. 4 Man . Beach 1 st 78,971225(i Marietta 4 Cin.-lst mort..
1st raort., sterlingMetropolit'n Elev—l8t,in0SMich. Cent.—Cons., 78, 19021st mort., Ss, 1882, s. fEquipment bondsBs, 1909
M0.K.4T.—Cons.ass..l904-B2d mortgage, inc., 1011—H. 4 Cent. Mo.. 1st., 1890.
10714 Mobile 4 Ohio—New m., Bs,
.... Nash.Chat. ASt. L.-l8t 7s,
82J4 N. Y. Central—Os, 18836s, 1887Bs, real estateBs, subscriptionN. Y. C. 4 Hud., Ist m., cp
do Istm., reg,116 Huds. R.,7s,2dra.,s.f.,'86116 Canada South., Ist, int. g.
Harlem, Ist m., 7s, coup.
.
116 do Ist m., 78, peg....116!^ N.Y. Elevated-lst, 7s,100«
N. Wls.-nn-l
t:i4%\omno125125
liiv-107107M10-2^,
VMH120115nVA6514
78"
109107
i(J6>i
t...
iioiJUOtl08i*114
'
736290 J4
69
U2
102
lidliOh
111)
119)4
ids"110
111
94'
114K105M106)4108
*105108)-.i
96H114J4112)2117115106)s
118)4IIB105H94)4108«aoM
0370
100
103)i
6d)ijuo
127
um«11287
88)4115
109t.9
114)4
100
105)495
!0!10BJ4
181119)t
MNevada Centnil—1st m.6s. 98-M|100111)4 112Jil Ohio 4 Miss.-Consol. 8. f'd 116,^' ..103)S| ....i Consolidated ]11B)4
89 I 90)4 2d consolidated Ill*;
1st m.. Springtleid div 88Ohio Cent.. 1st m., 6s, 1020. 89J4| 90Peoria Dec. 4 K'ville, 1st 6s IOOJbi 101Pacific Railroads-Central PaciHc—Gold bds.San Joaquin Branch—
. Cal. 4 Oregon. 1stState Aid bondsLand grunt bondsWestern Pacitlc bonds..
South. Pac. of Cal.—Ist m.Union Pacific— 1st mort..Land grants, 7bSinking fundRegistered. 8s
116 Collateral Trust, 68119 Kansas Pac—114 I 1st m., Bs, '6.5, with cp.ctfs
l8t m.. Bs, '96, doDen. Div. 6b ass. cp.ctf.
do 1st consol. BsPacific RR. of Mo.—ist m.2dmortgageIncome, 7sIst m.. Cnrondelet Br. ..
St.L. & 8.F.,2d 6s.claas A,do 3-Bs, cliias C,
107)i do S-6b. class B,tll2 .... do l9t6s,Pelrce,C40100)4 ,.. do Equium't 7s, '95105)4 lOB).;' South Pac. ct Mo.—1st m.110 I11IJ4I Texas 4 Pac.-lst, 6s, 1905.,
:09 Consol. Bs, 1905107)41 .... Income and land gr't. reg,W-,% .... 1st Construction, 93, 1930,11'2« .... Pennsylvania KR—
Pitts.Ft.W.4 Chic, 1st m.do do 2dm..do do 3d m..
Cleye.4 Pitts., consol., 8. f.
do 4th mort...Col. Chic 4 I. C, Ist con.
.
do 2d con..
.
do l8t Tr't Co.ctfs.ass.do 2d do ass.do Ist do Buppl,
St.L.Va.&T.H., lstg.7B,'i)7
do 2d 78, 1898do 2dgld.78,'98
Phil.iRead.-Cons. coup. BsRegistered 69, 1911Coupon 7s, 191 1—Registered 7s. 1911Improvem't, coup., Bs, '97
General, coup., Bs, 19w,do do 78, 1908
Inc. mort.. coup., 78, 181
Deb. mort., coup., 6s, 1803Deb. mort.. conv.. 7s, 1803
Rome Wat. 4 Og.—Con. Ist.
St. L.4 Iron Mount'n—1stm2d mortgageArkansas Br.. 1st mort .
.
Cairo 4 Fulton, Ist mortCairo Ark. 4 T., Ist mort.
St. L. Alton 4 T. H.—1st m.2d mortgage, pref—
do income,, BellevilleiSo. 111., Istm.
\0»M\\(1H St. P.4 Sioux C.-lstBs.l019107 1 ....
ISt. P. M. 4 Manit'a—1st, 78.
*107 108 I 2d mort., Bs, 1969114)4;11B
I Tol.Peo.4W.-118 ;1I8>4 Pur.Com.rec'pts, Ist.E.D—
( 1st mortgage. W. D113 Burlington Div
119 il20 I Ist pref. inc. for 2d mort.117)4:lls.>s iBtpref. inc. for consol...123»»il24
! Wabash UR.-'21 il22 Mortg. 7s of '71)
• •,117[ T.4Wab., 1st cxt.7s
,116)21 1st St. L. div.7s,ex mat.cp.115)4 118
I
2d mortgage ext.. ex coup*.... 104 Bqulpmenl bonds, 7s, ISffl100 108)i Consol. conv., 7s
*112 .. ,| Gt, Western, Istm., ex cpdo 2dm.i7s,'63,ex cp100^
98)490106tl07H
101
685i97)t108)4109
102 '102)i
J 108 'l'J9)4l
uisw '.'.'.'.\
xlOl)^, 101'4B0)4: W>H
il09 i;2....IlOC
113 1114104 ! 105)4
t:08 '
t!03}10S128)^128)1!
:102 I
109)4my,115103
llOH
i50
°(o
.>S)^! ...
tl09 X...,01 , 01).125
il25 I ...,
1135^ 114
Q. 4 Tol., 1st, 7s, '90,ex cp,
111.4 So. la.. 1st ra.78,ex cpHannibal 4 Naples, 1st is
St.L. K.C 4 N.H. B.4 R.,78Omaha Div.. 1st mort.Clarindab.,69, 1910...St.Chas.B'dge.lst, 78, 1908North Missouri. 1st m., 78
West. Un. Tel.—1900, coup1900, registered
Spring.V'yW.Works—1st 6sOregon R. 4 Nav.—Ist, 6s
INGOMK IIONJIS.Central of N. J .—1908Chlo.St.L.4N.O.—2d m. 1007Col.Chic.4Ind.€.,inc.7s,1890rent. Iowa coup, debt certs.lnd'sBI.4W'n-lnc., 1919..
Ind's Dec. 4 Sp'd, *2d Inc. .
.
Int. & Gt. Nortliern—2d IncI.eb. 4 Wilkes B.Coal—1S88Lake Erie 4 W'n—Inc.7s,'96Laf. B1.4 Mun.—Inc 7.18051
Moblle4 O.—iBt pref. debcn2d pref. debenturesSd do4th j^
118lOOJi103109%lOOJ*
116102110},-,
93H02)2J112104)4100
1100)41
.... 40MIU 08
ifl8« no99^100J....:1C8t....'l03
idsk ids"
*io8)4:
iiN.Y.lJikeE.4W.lnc.H8.1977, 59Hohio Central-lnc. 19'iO.... 31Peoria Dec 4 K'vil'o—Incs. 60St.L.l.M.4S.-lst 7s.prf.int. MVi2d int.. Bs, accum'lative .
.
72-54
Miscellaneous List.
(Brolern' Qnotntions.)RAILROADS.
Atch.4P.Pk-7s,gid 100Bost. & N. Y. Air-L—1st m. 106Cent.Iowa.—Istm., new— 992d 80Stock 10
Chlc.4 Can '. 80.—1st m..g.,7s 85Chic 4 E. Ill.-S.F.c'y.l607. ....
Income bon<is ,^„,Chic. St.P.4.M'polls-l8t.6s loljj
Land gnmt income, 6s— 99Chlc.4 Southwest .-7s, guar ip3>ij
CIn. Lafayette 4 Ch.—1st m 99Cin.4Spr.-lst,C.C.C.4I.,7s ^1st m., g'd L.S. 4 M.S., 78. 107
Denver Pac—lst,78,ld.gr..g 85
Erie 4 Pittsburg—1st m., 78 100f:on. mortgage, 737s, equipment
Evansv. & Crawfordsv. -78.
Flint 4 Pere M.—8s, I'd gr'tConsolidated 8sStock ..
Galv.Hous.4H.-7s,gld,'71Gr'nd R.4Ind.—l8t,7s,I.B.gu
1st, 7s, Id. gr., not guar...1st, ex. 1. gr.,7s
H0U3.4 Gt.N.-lst,7s,g.l900Indianapolis 4 St.L.—1st, 782d mortgage
Indianap.4 Vine—1st,7s, grKansas 4 Nebraska— 1st m
.
2d mortLong Island—iBt mortg-age.N.Y.4Greenw. L.—l8t,78, n.
do 2dN.Y. 4 Oswego Mid.—StockConvertible bunds
N. J. Midland— 1st, 7s, gold.Income, "A "
do "B"New Jersey So.—1st, Bs, newSt. Joseph 4 Pacific—Istm.2d mortgage
St. Jo. 4 Western stockSt.L.4 S.E.—Cons., 7s, g.,'94
St.L.VandaIia4 T.H.—Istm2d mortgage, guar
South Side (I.. 1.)—Ist mortUnion 4 Logansport—7sU. Pac—South Branch ....
Sontliern Securities.{Sl'Okerit' t^uotationfs.)
STATES.N. Carolina.-New 4sSo.CaroIina—Con., 6s (good)New iinp't cons
Texas-6s, 1802 M.4S.7s, gold, 1892-1910 . .J.4 J78, gold, 1904 J.&J
Virginia—New 10-40s
rast-dnc Coupons.—Tennesssce State coupons.South Carolina consolVirginia coupons
do con.'Mil. coupoD.s..,RAILROADS.
Ala.iChat.- Uec'rs ctfs.varAtlantic 4 Guif-Consol.,Cent. Georgia—Cons, m..Stock _
Chari'te Col.4 A.—Cons., 78
2d mortgage, 7sEast Tenn. 4 Georgia—Bs.
.
E.Tenn.4 Va.—Bs,end.TennE. Tenn. Va. & Ga.—1st, 73.
StockGeorgia RR.—78
lOfi
119114114
5065738S)4•^8H!
95107)4
114)41
9an
1031007B15
108)410080
8053105B528108«5017
90158
847488)418)4851151089010090
83)474
105
106"BO20500090102)4
lom
10510565
lid"
801892110)410590
90"551077332
213
3919)4100
105)4102105
74 7765 72)43H 40
62),;
50 52W60 82
7063 70
StockGreenville 4 Col.—78, Ist m.
7s. guarMacon 4 Aug.—2d, endors.MemphiB4 Cha'ston—lst,7s2d. 78Stock
Mississippi Cent —Istm., 7s2dmort.,8s .
Miss. 4 Tenn.—Ist m., 8s, AIst mortgage. 8s, B
N. O. 4 Jacks.-lst m., Ss. .
.
Certificate, 2d mort., 88..
Norfolk 4 Petersb.—1st, bs1st mortgage, 782d mortgage, 8s
Northeast., S. C—1st m., Ss2d mortgajie, 8s
Rich.4 Dan.—1st eonaol.,69,Southw. Ga.—Conv., 7s, '86
IStock
8. Carolina RR. ist m.. .s
Stock7s. 1902, non-enjoined ...
Non-mortg. bondsIWest Ala.—1st mort,, r's. .
.
I ad mort.. 8s, guarWestern N. r.—1- rn., 7»
95 100I- 103 105+ 111)4 112»,ni'Z'A 113),
41)i 42
10 204010 2087 93
75 100103 106110 11379 KS105 10793 9595 10095 1(111
108 10980 85116 119105X.;99 102105105100 no1009927 30102 1115
107 108115 118100 102111 113no 114103101no127116103 105107 no1001028 v.*
72 7530 35109 nsi109 1!29^ lI'O
Piioes nouiinal. t And a^CTucd nterert. t No price to-day i tbeee are latast quotatloaa maOe tua week. I No qaotoUontoMliy; latest sale this week.
JnnE to, 18£0.] THE CHRONICLK 647
NEW YORK LOCAL SECURITIES.
Bank Stock List.
CoHPANiis. Capital.
Mark'd thus (•) i; ._»re not Sal*;. ! s!
*niount
Amerlcs*Am.BxchanseBoweryBroftdwayBatcbert'AOrCentralChaaeChaihamChemfcaJCitizens*City ..
Con:merceOontla°n!alCorn Kxch'ge'.•CaatKlver ..llih Ward'...rifihFltth Avenue'.FirstFourthFultoneailatln....Btrman Am.'Oerman Exch."Germanla*Greenwich* .
HanoverImp.* Traders'IrvingIilaoaCity* ...LeatherManiif.HanhHttan*Minuf.dk Mer.'MarineMarketMechanics'Mech. Assoc'nMech'Ics & Tr.Mt.rcantUoMerchants'. ..
Merchants' ExMetropolis'.
.
MetropoIltST ..
Murray illll' ..
Nassiiu*NewYcr*N. y. Cooatv.
.
N.r N. EiGh.NinthNo. America"..North River'Oriental'PaclttcParkPeople's' .
.
PhenlxProduce*. ...RepublicSt. Nicholas...Seventh Ward.SecondBlioe & LeatherSixthState of N. Y..ThirdTradesmen's.
.
.
DEtonw est Side-. .
.s.noo.ooo6,000,000^0,000
1,000.000800.000
8,000,0001)00,001'
4fi0,000xoo.oooewo.ooo
1,000,000^.000,000l,UOfl,(XIO
1,000,000250.000100,00015O,0<Kl100,0(KI500,00('
S.KOO.OOe000,000
1,000,0007!>0,00<'
!iOO,000200,000ilOO.IKW
1,000,000^SOO.OOiBOO.OO'I100,000600.000
2,080,000100,000400,000000,000
2,000,000500,000200,000
1,000,0002,00<l,(KXI
1 ,000,000.„„ 300,000100:3,000,(00100 100,000100 1,000,000100 2,000,000
Surj'lnsat lalesidates, i
200,00(1»00,000750,000100,000240,000300,000422,700
2,000,000412,500
1,000.00012.1,01
1,500,0011E00,('00300,000300,000600,000200,000tWO,000
1,COO,0001,000,0001,200,000200,000
!,01&.''00
1.501,4'I01X11,800
1,224.140vn»io
S8ti.00ti
87.110017M,.i,Ja
J,321t t Ooih;,iuo
1 621 3Uui,8H8.5flO169,10088;<,70Orta.ioii
12,4<K>i'.lfi'Hi
2-,'a 1002 013,2001.001 HOCa,'5.7l)0
72 i,»i)('
U4 lUOtl5.70j
UHfi'MVOOOj
26.H,1'-C
1.04(1,000
Moolj 4 J.43S,40o:j.4 J,03.'i I'X)
10,5(10liS.dOO234 100VnOl-OO(<ll,50u
42.50018il.H0),M.&N18 1,700 .1 . * J107.000
"
SS.OOO1,200,200
73.5'
01,100 M.«N83-.S00 .1.4 J,41,700 .1.4 J.SODOOjF. 4 A
111.0(10 J. 4 J144.600B7.5C0172.800215,200427.800126.4001&3,600
;,ooo871.700133.50056.»<00109 300158.30085 600
274,600l8S,liO0280 00074a,7(.0];6,Bf.O
'J'he flgures In this culumn arc (if ilalo April 2),and (If date .March 20, 188ii, for the State banks.
(gooutloDs by K. S. Uailit. Bra(«r,7 Pum NraM.]
IS-SU, for the .National banks
Gas aad City Railroad Stock* and Bonds.[Gas (Quotations by Oeorge H, Prentiss, Broker, 19 Broad street,
)
— OoarAXim.
(knurteui tunerteu KzeliOovsrjr. ...
Bro*lir»r,,Brooklyn...CltlMII*'.cityCilntoDgotambU.......omnerelal ...
ContlDenUI.. tKMrtfKmpire Clly..lixe"(uiRiiFammtFlramentFlrtmra's Tr ..
FrankllDAKiDpGerman-Aniflr.QermanlftOlob«OrMDWIcbUnardlanHainllt«nHuoverHoAoaiilloiD«IloptHowardImporters'* T.IrvingJeffersonSlnfsCo.(BkniKnickerbockerl.*niyelle(nknjLamar.
.
LenoxLoncUI.'BknitI.orinardManar.4 Build.ManhattanMech.4Trid'niMech'ica'(Bku)Mercantile.. ,
Merchants' ...
Uontauk (BkuNassau (BklynNational.......N.r. RqaltaMeNew York FireN. y. 4 BostonNew Ifork CllyNtsitaraNorth Elver..PacldcI'arkPeter Cooper.People'sPhenlxKellerKepubllc tKutgers'St. Nicholas....StandardSUrSterllui;StuyvesantTradesmen's....[Tnlted States..Westchester...Wllllamsb'e C
.
Oas Co>ifa:(iis,
Brooklyn Gas Light CoCitizens' Gas Co (Bklvn)
do boQosHarlemJersey City 4 HobokenManhattanISetropoIltan
do certiQcatesMatual.N. y
do bondsNassau, Brooklyn
do scripNew YorkPeople's (Brooklyn)
do do bondsdo do certificates.
Central of New YorkWUllamsburR
do bondsMetropolitan, BrooklynMunicipal ..
do bondsFulton Mnnlclpal.
Par.
~2620
l.COO502050100
V.r.100
1,00025
Va .
10010
1,000Var.SO50
1,0-0100100
'iob
Amount. Period.
2,000,00011,200,000,315,0001
1,850.000750,000'
4,000,0002,600,0001,000,0006,000.0001,000,000" ,000,000700,000
4,000,0001,000,000800,000300,000486,000
1,000,(X)0l,000,00fli
11,000,00011,600.000I 750 0001|1,60j,000|
Var.Var.A.4 0.f.4A.I.* J.
ill. 4 J.U 4S..M.4B.Quar.F.* A.Var.
.M.4N.
.M.&N.J. 4 .1.
M. .: X.J. *J.F.4 A.Quar.A.t 0.M.4N.
M. 4N.
Date.
5 .'Way,
2ii Feb;,1B«S
Feb.Jau.,.lune,June,June.
188^Feb.,Nov,Juce,Jan..1S97
Jao.,Au;.,Jai..
IflOil
Jan.,
Bid. Ask.
125I 701 10579
Il60
187H;92W-.,xl3« 141«U 101 1104
124
!0070160
7510.)
6995
t flu
ilOlI 60lOO
XIOI 1024510085ej76lOJ
iim
.S9
98755070100
'K0\ 85'80 180
105.. 80
75170110
I9)
[Quotations by H. L. Gkant. Broker. 14li B^o^dway.^
BIceeker St. 4 Fult. Ferry—St'kIst mortgage
Broadway 4 Seventh Av.—St'kIst mortKiiKe
Brooklyn (.lUy—Stock1st morifinfie
Broadway (Brociklynl—Stoek ..
Brooklyn 4 Uunlers Pt.—St'k1st niortnajre bnndi*
Bufihwick Av. (B'klyn)—Stock.,Central I'k.N.&E. i.iv.-Stock'ConsolUiatcd nuTt. bonds— 1
Christopher & Tenth St.—Stock
.
Bonds
.
Dry Dock E.B.4 Btttt'ry—StockIstmortKaKe, consolidated
Eightli Avenue—StockIst nicrtcage
42d St. & I!rand St. Ferry-St'k1st ni(irtKrt*:e
Central Cross I'own-Stock —Ist mOTtt^une
Houst.West St.& Pav.F'y-St'k1st mortKiwre
Second Avenue—Stock3<l mortmipcConsol. convertibleExtension
Sixth Avenue—Stock1st mortgiige
Third Avenue—Stocklat in(irtira«e
Twenty-third Street—Stock. .
Ist m^irttraire
1001,000100
1,00010
1,000100100
1,000100100
1,000100
1,COO100
5004c100
1,000100
1,000100
1,000100600100
1,0001,000004c.100
1,000100
1,000100
1,000
900,000Bt<4,000
2,100,0001,600,0002,000,000800,000200,000400,000800.000500.000
1,800,0001 ,200,0006,',0,OIO
250,0001,200,000900,000
1,000,000203,000748,000286,000600,000200,000250,000500,000
1,199,600150,000
1,060,000800,000750,000600,000
2,000,000y,000,000aoo,ooO|260.000
J. A .1.
J. A JQ—J.I.&U.Q-F.M.4N.<J—'.
A.4 0.,1 . * JJ. 4 J.J. S.IJ.4D.F.4 AJ. 4 J.Q-F.J.tB.Q-J.J. 4 J.>1.4N.A.40.
li'.'iii.
j.*.i.J.&J.A.SU.M.4N.M.48.M.4N..T. A J.Q-F.J.*J.F.4A.M.4N.
I
.lao.. '-0
IJ'Iy.lHO'i
iApr.,fOIjuly. "81
May '80
Nov., "SI
A p.-., '80Apr., '!«
1888.laTi., '80
Jan., "SOI) jc. 1902
1
Feb.. '801
1S90May. '801
June, *tiSj
Apr., -rtOi
.Uu.. tOI
.May, '80
Apr., '93
NovVllWl
IS SIX8 101WW »7>i102H,103180 170102 110
uly, '94
Jan., '80
Apr ,1*May, -88
Sep^.-S:)May. '77
July. 110May, '60
July,'90iFeb., '80May. 1«
14095102M8910IMH85(5119110180100ITO110251002098(SO
1009095125110180
190100lOS951001187010012511617511018011530103
ibi
!0»S100ICO
iVs17.1
loiw 100lin |116IC.'i 1112
Tbisco.u nn shows last dividend on stocks, but the date of maturity of tKmds.
Over all liabilities, Incladlng re-tnsaranc«, capltAl and serlp. t 3iirplMIncludes scrip.
City Secnrltlea.
LQuotatlobs by Da^cl A. Uoba>, Broker, IT Plna Stnat.]
iKramBrr,BAndsdue.
Pbiob,
Kate. Mouths Paymoh). Bid. Kti
y,v York:Water stock 18I1-43. I'eb , May Aug.* Nor 18S0 100 mCrotott waierstock.. 1*16-51. do do IflUO IU3 IM
do do ..H5;t-«. do do ia83-18a0 104 lUW
Croton Aqued'ctstock.lSW do do 1884-1911 ion 1*0
do pipes and mains... Mar 4 NoremlKir.Fob.,T«ar, A««A Not.
1t*H-l9001ia l»lo reservoir bonds 190T-l»irllS UNI
i;entral I'ai k tionds. .1851^7. do to U4M lot) lOU
do uo ..13»-<5. do do IMS 115 :i<i
Dock bonds ISTO. May 4 November. 1B01 IW lis
do 1^75.
Market stock isu-ts. Mar 4 NoTO-nrwr.
do do
18ilt-IMI7 118 IWlmpr»Teme-t»iock.... 18W 18tW 107
I8W> Il.^ ii«
ConaolUsteO bonds var. s g. do do lUOl !ll» IIH
Street Imp. rtock var. do dodo do
18»Jlan 10« i!$
New ConsclHsted K- January AJaly. i8aa!15 Itsdo do
Qoa-terly. laM iirrISAsses meut 5 May 4 November. IBM IW
[Quc'atlons by N. T. B««»s, Jr., Broker, 1 New »..)
JtlrooUyn-Local uii 'r'(
City bondsdo
P.rk bondsWater loan bonds....Btldeebonds...Water loan.Clly bondsKings Co. bond!.. ...
do doPark bondsBridge.lllBiAllBrooklyn bonds Hat.
Jaiuarj* July,do lodo 10do do
.*> 50ac doto do
Mu * Nor«mber.flo do
January * July,do do
I
IS-80-l»<I K2<»lh<>3-I>Jl 107t015-I»24.1MIIlia0-IIM4:1I«l«04 ISItllMleW-IDOSI 1041M8I-I$IU> IDS
'
188»-Ii>«{l««isoo-iHas'iu
19*4 ,!•1807-1910 118
IC8118ISiIJO181lieII*III11(1
1(1IM
[Qootatlou by C. ZABuakii, 47 MoDtgomery St.. Jersey Clty.l
Jtrtty 0«y—Water loan .long.. ,."•.••
do latvnImprovement bonds.^^.^..Bergen bonds lM8-n
January 4 July,January 4 July.J.4 J. and J*D.Jaou>rT and July.
ine 101188R-l«at lojUMk-M I '061900 <00
III
lol
648 THE CHRONICLE. [Vol. XXX.
luwstwt^utsAND
STATE, CITf AND COBPOEATION FINANCES.
THE INVESTORS' SUPPLEMENT.The IsVESToiw' Supplement is issued every other month, and
the next number will be published Saturday, June 26.
INDEX SINCE APRIL SUPPLEMENT.The following is an index to all reports and items heretofore
published in tie Investment Department of the Chroniclesince the last issue of the Investor's Supplement; annualreports are indexed in black-faced type :
A Ibanr & Jersey City 624 I Marietta & Cincinnati 567, 589AUcplieuy Valley 463 Maryland Union Coal Co 46«Am. t'nion Telegraph 568, 600AtcU. Top. &San.Fe.433, 491, 543Atlanta & Charlotte Air-Liue..43iAtlantic & Great Western 465Atlantic & Paciflc 433Augneta & Knoxville 493Baltimore & Ohio 544Baltimore & Potomac .... 493, 5«SBoton & Albany 600Boston Concord & Montreal. .689Boston Iloosao Tunnel &W 493Boston & New York Air Lino ..599Boston Water Power Co 464BrookljTi & Montauk 600Buffalo & Southwestern 625Burl. & Mo. B. In Ncb.518,544, 600Cairo & St. Louis 464Camden & Atlantic 518Canada Southern 600Carolina Central 600, 622Central Iowa 433, 518Central Ohio 544Central of New Jersey 566Central Pacific 544Cheshire 518Chic. Burl. & Quincy 566Chic. Cliutou Dub. & Miun.544, 624Chic. Mil. & St. P. 433,518,544, 624Chicago cfe Northwest. 433, 493, 600Chicago & Paeiflc 433Chicago & Paducah 518Chic. R.I. & Pac.4G5. 544, 567, 616Chicago St. Louis & N. 465Chicago & Tomah 465Chic, (k Western Indiana 493Cincinnati City 465, 567Cin. Ham.&Davton.465. 598, 624Cin. Indianap. St. L. & Chic... 624Cin. Wabash & Micliigan 433Cleve. Col. Cin. & Indianap 518Cleve. Mt. Vernon & Del 600Colebrookdale 589CoL Chic. & Ind. Central 518Concord 599Connecticut Central 544Connecticut Western 465Dallas & Wichita 465, 493Danbury & Norwalk 567, 624Delaware & Bound Brook 566Delaware & Hudson Canal 518, 589Delaware State Bonds 493Denver &Kio Grande 493, 624Denver South Park & PaelUc. 624Dubuque <k Dakota 493East Tennessee Va. & Ga 567Easton & Araboy 666Elizabeth City Bonds 589Flint&Pere Marquette 518Framingham & Lowell 493Georgia Railroad 434Georgia RE. and Banking Co. .542Georgia State Bonds 465Grand Rapids & Indiana 463Grand Trunk of Canada. . 517, 624Grayville & Mattoon 493Great West'n of Canada..464, 544Green Bay & Minnesota 518Greenwood & Augusta 493Houeatonie 464Houston East & West Texas. . . 544Indianap. Delphi & Chic 434International & Great No 518Jersey City & Bergen 566Kansas City F. S. & Gulf.463, 465Kan. City Lawrence & So. 519, 543Kan. City St. Jo. & C. B...466, 519Keatucky Central 623lake Erie & Western 567Lake Ontario Southern... 434, 466Lake Shore & Michigan So 490Laurens Railroad 434Local Indebtedness of Ohio 466Louisville & Nashv 493, 519LoulBv. N.Alh.& Chie.434, 466, 519Louisiana State Bonds 493Macon & Augusta 542Manhattan Reach Co 493Manhattan Elevated 544
Memphis & Little Rock 466Menosha & Appleton 624Metropolitan Elevat'd.519, 544, 589Michigan Central 491Mil. Lake Shore & Western 464Milwaukee & Marathou 624Minneapolis & St. Louis 432Mo. Kan. & Tex. Extension 567Missouri Pacific 544Mobile* Ohio 434Mon-is & Essex 566New Jersey Midland. 519, 544, 566New Jersey & New York 566New Orleans Oty Debt....466, 494N. O. Mobile & Texas 466New Orleans & Pacific 434N.Y. Cent.& Hud. Riv.494,589, 624N. Y. City & Northern 519, 544N. Y. Elevated 544N. Y. & Greenwood Lake 566N. Y. Lake Erie & West. . .494, 625N. Y. & New England 544, 545N. Y'. Ontario & Western.. 519, 589N. Y. Penn. & Ohio 494, 625N. Y. & Texas Land Co 518N. Y. Stock Exchange 519N. Y. Woodhaven * Eockaway 494Northern (New Hanisphlre) . . . 599Northern of New Jersey 566Northern Pacific 589Ogden.sb. & L.Champlain.494, 622Ohio & Mississippi 434, 567Omaha & Northern Nebraska. 625Pacific Mail Steamship Co 66.5Paciflc RR. Laud Grants 567Paducah & Elizabethtown 432Pennsylvania Co 431Pennsylvania RR 434, 494Peoria Decatur & Evansv 434Phil.adelphla & Read.434, 494, 567Phila. Wil. &Balt 545Pittsb. Titusv. & Buffalo.. 519, 625Portsmouth & Dover 519Port Royal & Augusta 466
<lulcksUver Mining Co 466Quincy Missouri &T?aciflo.467, 625Richmond & Allegheny 625Rochester & State Line ,589
St. Louis Bridge Co.& Tim.R.R.623St. Louis Iron Mount.* So. 434, 625St. Louis & San Fran. 433, 519, 568St. Paul & Duluth 545St. P. Minneap. &Man.. ..519, 545St. Paul Omaha & Chicago 625St. Paul & Sioux City 625San. Man. & Newark 544Savannah & Charleston 625Savannah & Memphis 467, 625SchuykilUt Lchigli 625Schuylkill Navigation Co 431Selma Rome & Dalton.434, 568, 589Sioux City & Dakota 568Sioux City & St. Paul 494South Carolina BE. .494, 617, 568South Side (L. I.) 600South. Kan. & Western 543Southern Minnesota. .433, 467, 544Springfield Athol & Northeast. 600Sutro iunucl 432Tenn. State RR. Bonds .'... 467Texas* Pacific 616Texas Trunk 625Toledo Peoria & Warsaw 434Township Bonds 467IJuion Pacific 545Vallev, of Ohio 467Vermont & Massachusetts 600Vicksburg & Mi-ridiau 643Virginia State Finances 45
1
Wab. 8t.L.& Pac.434,494,520, 568Wash. City Va. Midi.& G. S 520West Chester & Phila 645West Jersey Railroad 431West Side & Yonkers 454Western of Alabama 542Western Union Telegraph. 568, 625Wisconsin Central 598Wisconsin Valle.v 544
OENERAL INVESTMENT NEWS.Alabama Great Sonthern (limited).—The London Railway
News reports that the third ordinary general meeting of this•ompany was held on Monday, when the directors were able tosubmit a very gratifying report. The following resolutions, tobe confirmed at a meeting to be held on the 24th inst., werepassed : 1. That the capital of the company be increased bythe! sum of f193,400. divided into 19,340 preference shares,called "A" shares, of f10 each, forming one class with, andranking -pari passu with, and entitled to a preferential div-idend of £6 per cent per annum, in the same manner as the
original 15,660 preference shares called "A" shares. 2. Thatthe conditions of the memorandum of association of the com-pany (Clause 5) be modified in accordance with the foregoingresolution, and, as altered, stand as follows :—5. The capital ofthe company is £1,916,000, divided into 35,000 £6 per centpreference shares of £10 each, called "A" shares, and 156,600ordinary shares of £10 each, called " B" shares ; and that acorresponding alteration be made in Article 6 of the articles ofassociation of the company. 3. That the directors may issuethe aforesaid newly-created 19,340 preference shares, called"A" shares, or any part thereof, at any time, or from time totime, at such prices, to such persons, and in such manner, andGenerally on such terms and conditions as the directors shalleem expedient.
Atlantic Mississippi & Ohio.—The United States CircuitCourt has appointed a master to sell this road, under the finaldecree of the court. Mr. M. F. Pleasants, clerk of the CircuitCourt, is the appointee. This order was issued by JudgesBond and Hughes, on the 4th inst., but no time is yet fixed forthe sale, and it must first be advertised.
Atlantic & North Carolina.—The Wilmington & WeldonCompany has offered to lease this road on the following condi-tions:
1. The lease to be for 30 years at 132,500 a year, payablequarterly; the lessor to pay all taxes; and to apply all surplusover taxes and interest to reduction of the debt.
2. Theroadandequipment to be fully maintained. Theguageto be changed to that of the Wilmington & Weldon (4 ft. 8}^in.) at cost of the lessee.
3. Rates on cotton over the leased road not to be advancedover the tariff of April 1, 1878.
4. The lease to be terminable by vote of the stockholders,provided the State of North Carolina should resume possessionor control of the North Carolina Railroad after the terminationof its lease to the Richmond & Danville Railroad Company, andwill arrange to carry into effect what is termed the "NorthCarolina system."
Chicago & Northwestern.—The Chicago Railway Age givesthe following as an advance statement of earnings only, fromthe forthcoming report of the Chicago & Northwestern railwaycompany for the year ending May 31:
1878-79. 1879-80.Passengers $2,844,062 77 $3,278,150 14 Inc. $434,087 37Freight 9,924,030 47 11,923,279 32 Inc. 1,999,248 85Express 254,653 51 269,986 38 Inc. 15,332 87Mail 261,694 23 256,967 60 Dec, 4,726 62Miscellaneous,... 136,165 00 103,655 74 Dec. 32,509 26
Total $13,420,605 98 $15,832,039 18Proprietary r'ds 1,160,315 41 1,436,409 64
Inc. $2,411,433 20Inc. 276,094 23
Grand total...$14,580,921 39 $17,268,448 82 Inc. $2,687,527 43
The earnings of the Des Moines & Minneapolis railroad andthe Sheboygan & Western railway are not included in the abovestatement. It will be seen that of the .'515,832,039 earned bythe Chicago & Northwestern proper, aside from the proprietaryImes, over 74 per cent was received from freight and only alittle over 20 per cent from passengers.
Chicago St. Paul & Omaha.—The St. Paul Olebe of the12th instant has the following: "A mortgage or trust deed wasfiled in the register of deeds' ofBce yesterday, which, viewedfrom the amount of the consideration, exceeds anything of thekind ever put on record in St. Paul. The instrument represents
a railroad mortgage for f30,000,000, between the Chicago St.
Paul & Omaha Railroad Company and the Central Trust Com-pany of New York. The instrument is very voluminous, first
calling attention to the recent consolidations of the West Wis-consin and Sioux City Railroad Companies and of their uncom-pleted lines of railroads. Among the feeders named to becompleted by the company are the St. Paul Stillwater & Tay-lor's Falls, the Blue Earth City & Black Hills'branches, theLuverne & Rock Rapids branch, and the Sioux Falls line of rail-
roads. The mortgage is given to complete the above-namedlines and to procure such other feeders as the company maydeem essential. It is stipulated that the Trust Company shall
have a lien on all the above-named branches and all railroads
and railroad property owned by the company in Wisconsin, in
addition to which they shall be entitled to all moneys arising
from trespass on the lands belonging to the railroad company.It is also agreed that the lien shall extend to all railroads orrailroad property belonging to the company or to be acquiredin the States of Wisconsin, Minnesota, Iowa, Michigan, Illinois,
Neijraska and the Territory of Dakota. It is provided that thecompany shall be allowed to issue bonds not exceeding in
amount $30,000,000, of the denomination of $1,000 each, to
draw 6 per cent interest, payable semi-annually in New York.The lien extends fifty years, and bonds may be issued on newlines or feeders not to exceed an indebtedness of $15,000 permile. In case the railroad company fail to keep their obliga-
tions, or let any part of the principal or interest go unpaid six
months after becoming due, the Trust Company shall have theright to convert or sell the property. The deed is signed byH. H. Porter, President, and C. N. Porter, Secretary, of theRailroad Company and H. F. Spaulding, President, and C. H.P. Babcock, Secretary, of the Central Trust Company."
Flint & Pere Marqnette.-This company has completed abranch, known as the Round Lake Branch, from Butler Junc-
tion, 15 miles east of Ludington, Mich., north to Webber, a dis-
tance of four miles. Surveys are being made for an extension
from Webber northwest 20 iniles to the lumber town of Manistee
on Lake Michigan.
June lo: 1 ^80.J THE CHRONICLE. 649
— The Detroit Tribute cays in regard to this road: " In
the United States Court on Saturday a decree and order of Hale
of the Flint & Pere Marquette Kailway were entered. HenryM. Campbell of this city was appointed Hpecial maiter commiM-sioner to make the Bale, wliicih is ordered to take place at lli«
front door of the general ofllceH of the company at Ka-st
Saginaw. The date of the sale ha-S not yet been filed,
but it is to be at any time after the 2<Uh of June,on six week's notice. All the property and franchitk-n nfthe company are to be disposed of at this sale exceptthe land grant and claims for unpaid sums for lands sold, thesebeing specially pledged as security for certain bonds. Theconsolidated bonds, on account of which this sale is ordered,amount to $4,470,000, upon which there are unpaid coupons dunto date to the amount of l,.')'10,a80; interest on came, 5'22y.O)SH;
aggregate indebtedness, $6,236,368. The road is ordered to besold to the highest bidder, and the purchaser is required to pay$50,000 cash down and such other suras as the Court may fromtime to time direct. A reorganization of the company, ofcourse, will follow."
Grand Rapids & Indiana.—This company, at its recent meet-ing, voted to increase its capital stock from $2,800,000 to $.5,000,-
000, for the purpo.se of extending its road to the straits ofMackinaw. The present northern terminus is at Petoskey, onLittle Traverse Bay.
Iron Trade of the United States In 1870.—The annualreport of Mr. James M. Swauk, Secretary of the American Ironand Steel Association, was published a few weeks since. Thisreport has now become a standard work for statistics of theAmerican iron trade, but the opinions and conclusions as to aprotective tariff, expressed with true Pennsylvania orthodoxy,will find many dissenters among intelligent men in other quar-ters of the world. Mr. Swank's report says that since the panic«f 1873 the year of least production of iron and steel was 1876.Prices were also down that year, but they went down still morein the next two years. At the close of 1878 there was a change.In the spring of 1879 there was a sudden demand."A prompt increase in production was seen to be iraporatively
necessary, and preparations were made to blow in furnaces andstart rolling-mills that had long been idle. Iron rails, whichhad long been neglected, were again sought for through theinability of steel-rail makers to take all the orders for earlydelivery that were offered to them. By the middle of the yearit became apparent that the majority of the furnaces androlling-mills which had been so long idle could not be re-lightedin time to meet the extraordinary demand for iron and steel
from the railroads and from industries which had been stimu-lated into new life by the improvement in the agricultural,railroad and general interests of the country. Imports of thesearticles were therefore resumed. Included in the importationswere large quantities of old iron rails, to be re-rollea into new-rails and to supply the place of pig iron for miscellaneous pur-poses. * * But, notwithstanding the stimulus of highprices, the importation of raw materials and finished products,and the largely-increased production of domestic works—ex-ceeding in the' whole of tne year 1879 that of any precedingyear, there was a veritable iron famine in the closing months of1879—greater than that of 1871. Excitement and speculationtook the place of the gloom and discouragement with which theAmerican iron trade had been so familiar scarcely one yearbefore, and the business of buying and selling iron became close
neighbor to that of gambling in stocks.
"Happily this abnormal, undesirable and injurious situationof tlie home iron trade has come to an end. The market at themiddle of May is settling to a healthy condition. Prices forthe remainder of the year will probably rule a shade abovethose at which foreign iron and steel can be sold at New Yorkwith freight and duty paid. Consumption is still active, lowprices co-operating with an abundance of money and generalprosperity to give to a majority of the funiaces and rolling-
mills and steel works of the country the promise of a steady,
but in no way excited, demand for their products in 1*80. Butmany furnaces and rolling-mills have again been stopped for
want of orders. * * *" The following table wUl show the lowest prices touched by
various iron and steel products since the panic of 1873, thehighest price reached since the revival in 1879, and the prices
prevailing in the middle of May, 1880.Biffhest Prire
Zowat I'rice. MuulU,Articles. Price. Feb., 1880. 1S80.
Mo. 1 AutUra<itc Foundry Pig Nov., 1878.Iron at PliiliiilcliiUia $16 50 $43 00 $25 00
Haniiciii)! Rock Ciii-wlieel Pig Feb., 1879.Iron at Ciuciunati $28 00 63 00 50 00
Ectlue<l Bar Iron ul Pliiladel- Jan.. 1879.lihla '$40 32 89 60 56 00
Iron Kails at PliUadelpliia... Oct., 1877.$31 50 68 00 50 00
Steel Kails at works iu Penu- Nov., 1877.sylvania .$40 00 85 00 65 00
Old Iron Kails at Pliiladel- June, 1878.pliia $18 00 44 00 26 00
No. 1 Wrought Scrap at Phil- July, 1878.adelphia.:. $20 00 42 00 23 00.. \f..}\a at. Pitlahnl'fr Rlul Off. 1873.
5 25 3 25Cut Nails at Pittsburg andWheeUiii;
Oct. 1873.$1 85
" The fluctuations in the price of Connellsville coke have been
greater than in any of the articles above mentioned. At the
close of 1^78 and the beginning of 1S79 the price at the ovens
was as low as 90 cents a ton. During 1879 it advanced by suc-
cessive stages to $4, and in February and March la-st it rose still
higher to $5, a few sales being made at even |o 50. It has
since fallen to $2 50. Iron ore advanced in all about 100 per
cent aft«r the revival, hot it luu aine* needed iboat SB pereeatfrom the highest quotation*." [The imiJortatiooH of iron ore in 1879 were 9M.141 toon, worth
$681,467. During the firKt three month* of the preMot jroarthey were 98,541 tons, worth $275,801.]" It in afmoet needlem to nay that at no prevloo* p«ri->d in onr
htetory have our imixirts of iron ore be*'n at all comparable tij
the above. Prior to 1877 the quantity of iron or« Importedwaa not recorded, bat it never reached 100,000 ton* In one y«»r.
"DoNumc Kxrotra." Oar export trade in inm and *t<^l made no profpttea In 1879.
'llie value of the exportM fnjm the United Htat«N to all eo«Btriaaof domestic Iron and stoel and manafactnrea thereof, from 1871to 1879, waA as follows.
i'rnr, Valiir. Vrar. Viiliif. Tfmr. TWm.1871....»n,MH«,i:t7 IH74....$15,;jt.li.H«7 lM77....<l».tMT»1873.... 10,030.125 1475... 1 6.iM)-.',(MNi 1I|7H.... ILWOIMJ1873.... 12,12U,U3l) 1876... ll,7Ui.7i3 IHIO . l-iAMAli
" UMERAL SirMNART OF I»B0Dl'CTIO».
" The appended table shows, in tons of 2,000 ponndi), the pro*duction of all kinds of iron and steel in the L'nited Htatea front1872 to 1879. In nearly all of the branches of the domaatie-iron and steel industries which are here ennmerated, there haabeen an increased production in 1879 over 1878, and in moat ofthem a very considerable incrt-ase. Viewed a.i a whole, theproduct of our iron and steel industriea In 1879 wa* the iargeatin the history of the country.
" The production of pig iron in the United States in 1879 was
3,070,875 net tons, or 2,741,853 gross tons. This production was
much the largest in our history. • • * The increased pro-
duction of over 400,000 gross tons of pig iron m six months-
foUovring a period of low prices and reduced consumption, and
accomplished in the face of a restricted supply of raw mate-
rials, was really a great achievement. The increase was greater
than our total production in 1840.*
" The following table will show m net tons the quantity of pig
iron smelted with each of the fuels since 1872 :
Anlhraeile. Jlil»minoM*. C'^>>":p»i^ « iJfS^«o1 s-Q 1 369.812 984,159 50O.A87 S.M«,U§}^a2 •—
I3i2 754 977 908 577.6a) SJ»a«378
1874 ;:;: 1202144 010:712 576.557 •j.'<««f"^
Iflt 9O8046 917,545 410.900JStr 794 578 990.009 aiH.lilO
J277 934.797 1,061.945 317.«I3 --,;;-••{ill 1.092,890 1,191.093 293.:W1» ^^i'-^i{g-fg :::;...:::: 1:273:024 1.439.978 358.-73 3.0.0.8,5
"The most significant feature of this table in conntx-iion with
the year 1879 is the continued increase in the pr..(luction of
pig iron with bituminous coal and coke..• »
,, .,^%'f,°fJtthird of aU the charcoal pig iron mi.de m the I nited 8»teB m1879 was produced in Michigan. Of the total production of the
country in that year, 358,873 tons, her share was 101,639 tons.
OoO IHE CJHRONICLE. f XXA.
Jlichigan is not only the largest producer of charcoal pig ironja million will redeem the old bonds, and of the remaining itiil-
among all the States, but she makes no other kind. Year.s ago I lion of the linst issue will complete the first .sixty milus of the
it was supposed that the lake vessels which bring iron ore fromi road, which, it is expected, will be in operation within four
her mines would carry return cargoes of mineral fuel for use in! months. The bonds will not he. publii;ly marketed for some
her blast furnaces, and thus aid greatly in the production of months. It is expected that in about a year the road will be in
1872 6121873 6571874 6931875 713
Michigan pig iron; but the theory has not been verified,
" BLAST FfRNACES.
"In the new directory to the iron and steel works of the
United States, which was issued by this association in April
last, the whole number of com.jleted blast furnaces on the 1st
of March was stated to be 697, having an annual capacity, if it
were possible for all of them to be at work during the whole of
one year, of 6,500,000 net tons, or 5,800,000 gross tons. At the
same time there were 44 furnaces in course of erection in sev-
eral States, the capacity of which when finished will probably
bring up the total productive capacity of the country to 6,300,-
000 gross tons. Of the 44 furnaces which were actually under
construction on the 1st of March, 1 was in New Jersey, 20 were
in Pennsylvania, 3 were in Virginia, 2 were in Alabama, 1 was
in Texas, 4 were in Tennessee, 7 were in Illinois, 2 were in Mis-
souri and 1 was in each of the States of Michigan, West Vir-
ginia and Colorado, and 1 was in Utah Territory. Two newfurnaces have since been commenced in Ohio and 2 in Virginia.
The following figures represent the completed furnaces at the
close of each of the last eight years :
1870 , 7121877 /. 7161878 6921879 697
" Of the 697 completed furnaces at the close of 1879, there were
388 in blast, against 265 at the close of 1878, and 309 out of
blast, against 427 at the close of 1878. Of those in blast 162
were anthracite, 123 were bituminous and 103 were charcoal.
Of those out of blast 67 were anthracite, 79 were bituminous
and 163 were charcoal." STEEL BAILS AND STEEL.
" The production of iron and steel rails in this country since
the beginning of the manufacture of Bessemer .steel rails has
been as follows, in net tons:
Opfn-Jiffii'tfi Iron i'diln,
Tears. steel I'ttils. allL-iiufs.
1867 tous 459.5581868 499.4891869 583.9361870 ,586.0001871 737,4831872 905,9301873 761,0621874 584,4691875 501.6191876 467.10S1877 332,.5401878... 9,397 322,8901879 9,119 420,160
"We may here remark that we regard the claim that 1,500,000
gross tons of rails will be required by the new and old railroads
of the country in 1880, and that American works cannot meetthis requirement, as unwarranted by past experience and ex
Betiseniersteel rails. Total.
2..5.-.0 462,1087,225 506,7149,650 593,586
34, < 100 620,00038,250 775.73394,070 1,000,000120,015 890,0/7144,944 729.413290,863 792.512412.461 879,629432,169 764.709550,398 882.085633,064 1,113.273
operation to the tunnel.
—
Jioxtoa 'I'rangcript.
Milwaukee & Northern.—This road, extending from Mil-waukee to Jlenasha, Wis., 102 miles, with branches to GreenBay and Appleton, was sold, June 5, under decree of II. S.
Court, and bid in for ?1,500.000 for the stockholders. The roadis leased to the Wisconsin Central.
Missouri Kansas & Texas.—The Union Tru.st Company ofNew York, trustees, pursuant to agreement of March 1,
1876, advertises that on and after 18tli June, 1880, they will
pay $25 and fund !*>10 upon coupons matured August 1, 1879, ofthe consolidated first mortgage land grant bonds of the MissouriKansas & Texas Railway Company,which have been stamped,subject to such agreement. Coupons cut from registered bondsmust be accompanied by an order from ths registered holder,and all coupons must be left for examination.
Missouri Pacillc—This railroad has begun the constructionof a new line from Pleasant Hill, Missouri, to Nevada, on theMissouri Kansas & Texas Road, to be 100 miles in length.
New Orleans €ity Bonds.—The Louisiana Supreme Courthas rendered a decision sustaining the legality of the NewOrleans premium bonds, issued under the autnority of an act ofthe Legislature of 1876, and requiring the city to devote theusual five mills to meeting the demands of their holders, a con-stitutional limitation of ten mills being declared inoperativeagainst prior contracts.
New York Lake Erie & Western.—The gauge of the West-ern Division, from Hornellsville to Dunkirk, is to be changedfrom 6 ft. to 4 ft. ^}^ in. on June 23. Arrangements are now in
progress and the whole work will be done in one day. No third
rail has been laid on this division, except for a few miles west
of Hornellsville.
New York Pennsylvania & Ohio.—This railroad (lately theAtlantic & Great Westernl will change its broad-gauge track to
the standard gauge next Sunday, which will enable connectinglines to run their cars over this road without changing trucks.
Northern Pacific.—A correspondent of the Chicago Tribune, at
St. Louis receatlj' obtained the following information from Pres-ident Billings, of the Northern Pacific Railroad. "We have just
completed a tour over the line to the end of the track. The iron is
down on the Missouri division for ninety-three miles, and thetrack-laying is progressing at the rate of a mile to a mile anda-quartera day. The road will be completed to the Yellowstonethis fall, as the work is being pushed in a vigorous and satisfac-
tory manner. Our surveying parties are now in the Yellowstonecountry, and we have received very favorable reports from them.1 am very anxious to have the road finished to Miles City. Thework on the Pen d'Oreille division is also being actively prose-
isting probabilities. It is true that in 1872 we required about , cuted. There are to be 210 miles of track laid this year, com-l.f!66,830 gro.ss tons (1,530,850 net tons), but since the close of
'-
" *' '^^ "' *''" """''" ^ "" '"- '" ^ -'"
that year we have laid over 2,000,000 gross tons of steel rails,
the superior wearing qualities of which must be considered in
estimating the probable quantity of rails to be required this
year for renewals of e.xisting tracks, while the mileage of newroads to be finished in 1880 is not likely to greatly exceed theaverage of the three years 1870, 1871 and 1872, which was6,466 miles. Hence it is not probable that we will require asmany rails in 1880 as in 1872, and those that are required canall be made by American works." The following table shows in net tons the production of all
kinds of steel in the United States from 1872 to 1879.
Kinds of .steel. 1872.Bessemer lua;ots 120,108Crucible c.isc 29.260Opeu-lieartU 3.000All others 7,740
Total 160,108Kinds of Steel. 1876.
Bessemer iligots 525,996Crucible cast 39,382Opcu-hcartU 21.490All others 10,306
1873.170.65234.7863.50013.714
1874.191,93336.3287,0006,353
241,614
1878.732,22642,90636,1268,556
819,814
1875.375,51739,4019.05012,607
222,0521877.
560,58740,43025,03111,924
436,5751879.
928,97250,78056,2905,404
637,972 1.047,500Total 597,174
Kansas City Bridge.—For more than a year the Hannibal &St. Jo. and the Wabash St. Louis & Pacific have been fightingover the price to be paid by the Wabash for the privilege ofcrossing the bridge at Kansas City. At last the directors ofboth roads have come to an understanding concerning this mat-ter, and have made a contract to run for thirty years at the oldfigures^§55,000 per annum.
Lonisville & Nashville.—It is reported that the Louisville& Nashville Company made the acquisition to their lines Southby the purchase of the Mobile New Orleans & Texas road(Mobile to New Orleans) for?'5,000,000 of their own 6 per centbonds. These bonds have been exchanged for $4,000,000original first mortgage 7 per cents on the road and $1,000,000Receiver's certificates.
Mass. Central.—The syndicate to take the first issue of thenew six per cent bonds of the Massachusetts Central RailroadCompany has been organized. The total issue of bonds is
$3,500,000, which it is expected will complete the road to thetunnel and place it in running ord^r. The syndicate willshortly take §1,500,000 at 80 per cent of par. The proceeds of
mencing at the mouth of the Saake River and running to LakePen d'Oreille. The boats containing supplies and materials are
all afloat on the Columbia River and everything in good shape.Sixteen miles of the Casselton branch are already finished, andthe track-laying is going forward at the rate of one-half to two-thirds of a mile per day. This will be completed thirty miles to
the north side of Elm River this summer. Thus we will build460 miles of new road this season."
North River—New York Ontario & Western.—The elabo-
rate plans of the New Y''ork Ontario & Western—with its cashsurplus of from six to ten millions of dollars—appear to be de-veloping gradually. Last week we noticed the Albany & Jersey
City Railroad Company, and this week the press despatchesfrom Albany report that the North River Railway Company hasbeen incorporated. This line is to extend from Fort Montgom-ery, Orange County, on the line of the Jersey City & AlbanyRailroad, to Albany. A branch will be constructed to Schenec-
tady and another branch from near the Hudson River in OrangeCounty to a point on the railroad of the New York Ontario &Western Railway Company, east of Wurtsborough in Sullivan
County. The capital is placed at $10,000,000, with power to
increase. The directors are Samuel A. Strong, George W.Farlee, Theodore Houston, Conrad N. Jordan, Charles R. Flint,
Jose F. Navarro, Charles J. Cauda, Vincent P. Sn3'der, RobertHyslop, William Carey and John W. Simpson, of New York; withCharles (i. Hedge, "f Passaic, New Jersey, and Stephen A.Lathrop, of Passaic, New Jersey.
Philadelphia & Reading.—The Philadelphia JVoHh Ameri-can sa.ys: "It is thought by .some persons that the default uponthe Reading Coal & Iron Company's bonds, given for thePutnam County iron ore lands, is an indication of the policy
of the receivers of the company in dropping such of the prop-erty of the Coal & Iron Company as can be got rid of by per-mitting a foreclosure of the mortgage. The Putnam Countytract is in New York, and comprises 2,793 acras, bought at a
cost of $425,000. Bonds were issued to the amount of $345,000,
bearing 7 per cent interest from 1S80, and pa.vable in 1884. It
is thought that possibly the Tamaqua Company's land will belet go in the same manner. The cost of the tract of 4,951 acres
was a million and a quarter, and $1,680,080 7 per cent bondswere issued upon the land. The semi-annual interest will bedue in July, and then we shall know what the company'sreceivers will do. The default upon the Colebrookdale first
mortgage bonds is $18,000, the principal of the mortgage being
^01 JcsJ ONE 19. tSSO.J THE CHRONICLE. 651
$600,000, with twenty yoars to run from 1870. It i8 iu conti^m-
plation to offer the unpaid coupons, and perhapH the principal
of tlie bonds, In payment for freight or pasnage, and test theright of the company to refuse them if the receivers nhall
decline to accept tlicm. The scrip is almost ali in, only |20,0()()
being still outstanding." •
I'lillinan Palace Car Comimiiy.—The Pullman Palace Car'Company has commenced a chanciry suit against the New YorkSleeping Car Company and Mr. V^agner, for infringement ofpatent, claiming $1,000,000 damages. It is charged that Wag-ner has, since the reissue of the patents, been manufacturingoars under them without license and contrary to his contract,
and for the last five years has seriously interfered with thecomplainants' business. They therefore ask for an accounting,and claim damages to the extent of $1,000,000. An injunction is
also asked for to prevent the defendants from further infringingon the rights of the complainants.
Qiiincr Missouri & Pacific.—This road is now completed to
Milan, Missouri, 105 miles from Quincy. At Milan the roadcrosses the Burlington & Southwestern.
Richmond & Danville Trnnlf Line System.—Under this
heading the New York Times has the following report:
"A vast railroad combination, with the Uichmond & Danville
and the Richmond&York River roads as the basis, has been formedin the South, negotiations for which have been in progressj for
eighteen months. A number of prominent capitalists are in-
terested in the enterprise, and have embarked in it more than$20,000,000. Amon^ these are Mr. Thomas Clyde, of Philadel-
phia; John and Daniel K. Stewart, of Richraoncl, Va.; the Messrs.
Walters and Newcomer, of Kaltimore; Mr. H. B. Plant, of NewY'ork; Messrs. R. T. Wilson & Co., alsoof New Y'ork; Mr. CharlesM. McGhee, of Tennessee; Mr. W. P. Clyde, of New York; Mr.William H. Palmer, T. M. Logan, James T. Gray, A. Y. Stokerand Messrs.Thos. Branch & Co., of Richraond,Va.: and other well-
known gentlemen in the Southern and Southwestern States. Thiscombination will seek to control all the through traffic to andfrom the seaboard in the States of Virginia, North Carolina
South Carolina, Georgia, Tennessee, Northern Alabama andMississippi, striking deep water on the Chesapeake Bay at WestPoint and Norfolk. This immense system of railroads is the coun-terpart of the Lou. & Nash, system, which reaches the seacoast
at Charleston and Savannah, and covers a large extent of coun-try. The purchase, some eighteen months ago, of the Char-lotte Columbia & Augusta Railroad by the Pennsylvania Rail-
road Company, the Richmond & Danville Railwa}- Com-pany, and Thomas and William P. Clyde, was thebeginning of this movement. The second step wasthe formation of a syndicate composed of NewYork, Philadelphia, Baltimore and Richmond capitalists,
controlling among them the Richmond & York River Railroad,
the East Tennessee Virginia & Georgia Railroad, the Memphis& CharIe.ston Railroad and the Selma Rome & Dalton Railroad,
with numerous branches, extensions and connections. Thissyndicate was formed to purchase all the railroad interests of
the Pennsylvania Company south of Richmond, which gave to
it the control of the Richmond & Danville Railroad—with its
leased roads in North Carolina, running from Richmond to
Danville, embracing the Piedmont R.R. from Danville to
Greenesborough, N. C, and the North Carolina Railroad fromGoldsborougli to Charlotte—as a trunk line, thus affording anoutlet through Richmond to deep water for the entire system.
This was followed by the purchase of the controlling interest in
the Greenville & Columbia Railroad Company of South Caro-
lina and by arrangements for securing the immediate comple-tion of the Western North Carolina Railroad from AsheviUe,
N. C, to Point Rock, Tenn., which makes another link connect-
ing the roads lying west of the Blue Ridge Mountains with
those east of the Blue Ridge, and at the same time affording
the shortest practicable route between the Northwest and the
States of the Southern seaboard. The Richmond & York River
Railroad, composing a section of the trunk line of this combina-
tion, extends from Richmond, Va., to West Point, Va., on the
Chesapeake Bay, a distance of 38 miles. This road is operated
in connection with the Richmond & York River line of steamers.
It was destroyed during the military operations of 1862, andwas rebuilt in 1867. The East Tennesse Virginia & Georgia
Railroad extends from Bri.stol, Tenn., to Dalton. Ga., with a
branch from Cleveland, Tenn., to Chattanooga, Tenn., a dis-
tance of 270 miles, with about 24 miles of side tracks. This
line was formed by the consolidation in 1869 of the East
Tennessee & Virginia Railroad, chartered March 6, 1849, and
opened June 10, 1855, with the East Tennessee & Georgia Rail-
road, chartered February 4, 1848. and opened October 18, 1856.
The branch road to Chattanooga, 29 miles in length, was origi-
nally a separate road, but it was acquired by the East Tennessee
& Georgia on its completion. The Rogersville & Jefferson and
the Cincinnati Cumberland Gap & Charleston Railroads were
purchased at a foreclosure sale for the non-payment of interest
on the State mortgage lien in 1871. This line includes the
Western North Carolina Railroad to Point Rock. The line of
the Memphis & Charleston Road extends from Memphis, lenn.,
to Stevenson, Ala., a distance of 271 miles. It has branches to
Somerville, Tenn., and to Florence, Ala., making 363 miles of
road in the aggregate. The Selma Rome & Dalton Road, also
a part of this system, extends from Selma Ala., to Dalton, Ga.,
a Sistance of 237 miles. The capital stock of this corporation
was reported in the financial statement of 1872 at $5,000,000.
There are many other branches and leased lines radiating
throughout the territory heretofore mentioned. Ihe eftect ot
this combination will be to give greater economy of operation
and incn^ased efOelency of nervire tb»n hM hentofora 1
poasibln under the old condition of tbings.whert) tb« roada w«r»independent and disconnected. While it HecarHi to the ownemgrealer protection from competition, it aUo afforda tb« pabUebetter and cheaper facilitiea.
"Among the parties intereatedin thi -t r-'^naretboMOoa-trolling the ooaat-line /stem of rai 1 udinc tbe MWand short railway )lne« running from < . > andMtanaahto Florida, and also a number of stt^aiuxbip lines trading be-tween Philadelphia, New Yoric, ISaltimure and 8.jatb«im oomAports. It also connects at lUebraond and at Daovilln with th»lullway lines from those )>olntii to the Northern and VattnwnStates for through passengers and exprens traOIe, and at Nor-folk and West Point with the steaiulxiat lines to the Northernand Eastern ports for through and way trafHc,"
St. Johnsbury & Lake ChamuUIn (late PortUB4 AOgdensbiirg. Yt. lliYision). —The first meeting of thestockholders of the new St. Johnsbury & Lake ChamplainRailroad Company will be held at tit. Johnsbury, J uii« 80.
They will be callea upon to ratify the act« of the 'dir>y.-tijrs iare-issuing preferred stock andscrfp; tu vote upon a »rono«itlonto issue six per cent gold first mortgage bono* for 9^00,000 oothirty year's time, and to adopt by-laws, *e.
St. Paul & Slonx City.—The annaal meeting of stoek-holders was held recently at St. Paul. The old oflieeni anddirectors .were re-elected, as follows: II. II. Porter, of Chicago,President; E. F. Drake, of St. Paul, Unit Vice-Prtwident; IJen-
iamin Brewster, of New York, second Vice-President; <i. A.Hamilton, of St. Paul, Secretary; H. P. Flower, of New York,Treasurer; and the following directoni: John L. Herriam, C. H.Bigelow. A. H. Wilder and J. Q. Adams, of 8t. Paul; A.Kountze, George I. Seney. H. R. Bishop, J. M. Fiske andDavid Dows. of New Yoric; P. L. Cable, of Rock Island, andPhiletus Sawyer, of Oshkosh.
Selma Rome & Dalton.—The Selma Rome & DalUin Rail-
road in Alabama was sold under foreclosure at Selma, Ala.,
June 14, Mr.«R. T. Wilson, of New York, being the purchaser.
The price paid was $1 ,700,000. The Selma Rome& Dalton Oooa-pany secured from the United States Supreme Court a writ oferror, under which the proceeds of the sale will be held subject
to the decision of the Supreme Court on the eanitiea of thejuniorsecurity holders. The road, it is saopoeed, will ultimalelj
be brought into harmonious relation witn the Macon & Bmna.wick, the East Tennessee Virginia & Georgia and other railroad
companies controlled by Mr. B. T. Wilson, who has secured
most of the old Alabama & Tennessee River bonds.
South Mountain.—An organization has been completed bythe parties who bought this unfinished road. The new com-pany is known as the Pennsylvania & New England, andpromises to go to work at once to complete the line from Har-
risburg. Pa., to Hamburg, with the branch to Reading.
Trnnk Line Frelshts.-A despatch from Chicago says :" "Ata meeting of the committee on the percentage of east-bound
freight from Chicago to be allotted to the Grand Trunk road,
there was a warm discussion over the subject. The GrandTrunk claimed 20 per cent, and the other roads were only
willing to concede 7 per cent, 5 of which was to come from the
Michigan Central, 1 from the I^ake Shore and 1 from the Fort
Wayne road. The decision of the dispute was finally left to the
railway board of arbitrators. The committee adjourned to
meet at Saratoga July 15."
Utah Western.—The trustees took possession of this road
April 16, 1878, and for the period from that date to February
28, 1880, they report gross earnings of 161,731 and net earnings
of $23,888. Thev received $4,000 from the company on takugpossession and had f25,000 in their hands February 28, 1880.
Wabash St. Louis & Pacific-The new $30,000,000 mortgage
has been executed by the Wabash St. Louis & Pacific Railroad
Company in favor of the Central Trust Company, of New \ork,
and James Cheney, of Indiana, trustees for the bondholdere.
The conveyance is to secure $50,000,000 of bonds i-ssued. or to
be issued, by the company, for the purpose of paying certam
other bonds. buUding and buying railroads, bridge.s, barges, etc.
All the railroad lines, rolling stock, franchises, etc., of the
Wabash St. Louis & Pacific, extending from Toledo to Council
Bluffs and Kansas City, with all its branches and connecting
lines, are embraced in the mortgage. The Trust Company la
required to certify and issue $33,000,000 of the bonds la
exchange for the first and second mortgage bonds hen^tofore
issued, at par. Six mUlions of bonds are to be delivere<l to the
agents of the company for the equipment of the roais, and
$11,000 000 to the directors, when called for, to purchase other
roads, construct barges, etc. The bonds are payable in forty
years, and bear G per cent interest, payable semi-annually in
New York. The deed is signed by Solon Humphreys, President,
and James F. How, Secretary, of the Wabash ^t. Ixuis & PacBc
Tonkers & West Side.-Th« Yonkers Rapid Trwiait Com-
mis8ione"have d"Jivered to the newly-electe5 Directors of the
Yonkers & West Side Rapid Transit lUilway Company the ^r-
tificates of the articles of association. The following oBloera
havebtenehT^ed: President, Robert M. G^'«-«^'|-,7i;;7and Treasurer, Calvin Goddard; gir^tors, Robert M.Gallawaj.
Jose F. De Navarro. Grosvenor P. Lowrey, Kgisto P. Fabbri.
Adolfo lleffewisch, Thomas R. Sharpe, Georee A. SmMj *.
SchTe°enK and William AUen Butler. Jr. 1^« Comm«ta.-
ers have secured the consent of the Yonkers Common CouMtt
to a right of way over and through certain atraeU in YonitMS.
652 THE CHRONICLE. [Vol. XXX.
3^\xc CH^crmmcrcial 35nu«^s.
COMMERCIAL EPITOME.Friday Nioht, June 18, 1880.
There have been no new features to trade in the past week.
Business has gone on with scarcely a ripple. There is little
speculative activity, and yet no apprehension that any material
depreciation will occur in values. The weather has been very
fine, and generally crop accounts are good. Suiplus stocks of
domestic products have been exported in large quantities, andeverywhere there is a disposition to meet the demand at
moderate prices. The situation may, therefore, be regarded as
quite satisfactory in almost all respects.
In provisions a steady and marked improvement in values
has taken place. The demands at times have been fair but the
advance is estimated by the advices from the West. To-daynew mess pork sold on the spot, $11 75@$12 ; no sales for
future delivery ; July quoted at $11 85®|12 20 ; and Augustand September, $11 90@f12 25 bid and asked. Lard sold on
the spot at 7-20@7'27^c. for prime Western, and for June at
T15e.; July, 7-17^@7-22^c.; September, 7-32^c.; October,
7-35@7'40c., and seller year, 7"20c.; refined for the Continent at
7'60c. Bacon was advanced to 7@7}^c. for long clear. Cutmeats stronger and in moderate sale. Beef quiet at $16@$18for India mess. Beef hams very strong at $19@$20 52, latter
for new. Butter has had a fair export call, but cheese has beendull and the whole position is demoralized by the heavy stocks.
State factory, 8>6@10^c., and western do., 7@10c. Tallowquiet at 6%@6 3-16c. for prime. The following is a compara-tive summary of aggregate exports from November 1 to
June 12:1879-SO. 1878-79. Increase. Decrease.
2,159,000
25,334,826
Poik lbs. 40,901,400Bacon lbs. 534,972,420I«rd lbs.25(!,820,281
49,060,400539,779,978231,491,455
4,807,558
O O T T O N.Fhiday. p. M., June 18. 1880.
Thb Movemknt of thb Crop, as indicated by our telegram*from the South to-night, is given below. For the week endingthis evening (J<ine 18), the total receipts have reached 19,870bales, against 18,580 bales last week, 23,674 bales the previouaweek and 23,76-1 bales three weeks since, making the total
receipts since the 1st of September, 1879, 4,801,-")66 bales, against
4,414,610 bales for the same period of 1878-9, showing an increasesince September 1, 1879, of 38(5,956 bales. The details of thereceipts for each day of this week (as per telegraph) are as follows
:
Total lbs.838,700,101 820,331,833 25,334,826 6,966,538
The grocery market has had a very good movement, andalues show a general improvement. To-day fair cargoes of
Eio coffee were firmly quoted at 14>^c., and jobbing lots at 13@16e. Mild grades were steady at 23@25c. for Java, and [email protected] Maracaibo. l^ice in fair sale at 6%®7%c. for Carolina, and3>^c. for Rangoon, in bond. Molasses very strong at 36c. furBO test, Cuba refining, and 40@60c. for New Orleans. Refinedsugars were higher and firm at 10)^c. for crushed, 10>^@10^c.for cut loaf and powdered, and 9Mc. for standard " A." Rawgrades in good demand and firm at 7 5-16@7 ll-16c. for fairto good refining Cuba, and 8@85^c. for centrifugall.
HUde. Boxes. Basra. Melarto.Btook June 1,1880 129,365 6,558 904,491 6,728Beceiptssince June 1, 1880 34,154 2,503 187,276 395Balessince June 1, 1880 27,403 4,330 178,584Btock Jiuie 16, 1880 136,416 4,731 913,186 7,123Stock June 18. 1879 83,954 26,620 692,521 2,672There has been more doing in Kentucky tobacco, there having
been a free inquiry from shippers. The sales for the week are760 hhds., of which 600 were for export and 160 for home con-sumption. Prices are about steady ; lugs i@o^c. and leaf6@13c. Seed leaf has been moderately active, the sales for theweek aggregating 1,514 cases, as follows: 550 cases crop 1878,Pennsylvania, 10@32^c.; 620 cases crop 1879. Pennsylvania,private terms; 200 cases crop 1878, New England, 13(g^0c.; 44cases crop 1878, Ohio, private terms, and 100 cases sundries,9@18c. The movement in Spanish tobacco has been quite fair,including 800 bales Havana at 80c.@$l 15, and 28 bales Yara,OU cut, 98c.
Ocean freights have had a free movement, the'demands tomingchiefly from the grain trade. Rates have advanced andclose with the position well supported. Grain to Liverpool bysteam taken to- day at 5d. ; cheese, 30@40s. ; bacon, 25@30s. ;
cotton by sail, 5-32d.; flour to London, by steam, 2s. 6d., andby sail. Is. 7^d.; do. to Glasgow, by steam, 2s. 9d.@2s. 10;!2d.;grain to Bristol by steam, 8d.; do. to Antwerp, by steam, 8@8?^d.; grain to Cork for orders, 5s. IJ^d., free of elevatingcharges, and 5s. 3d. regular; do. to Hamburg, 4s.; do. toPenarth Roads, 4s. 7^d.@4s. 9d.; do. to Hamburg, 4s; refinedpetroleum to Bristol, 3s.; do. to Bremen or Hamburg, 2s. 6d.;naphtha to the United Kingdom, 33. 6d.Naval stores have received some attention during the week,
and the market closes quite steady at 2SJ^@29c. for spirits tur-pentine and SI 40@$1 45 for strained to good strained rosins.Petroleum has advanced under active calls from shippers; re-fined in bbls. quoted here to-day at 8^@8%c. Crude certifi-cates closed firmer at 95%c. bid and 96Mc. asked. Whiskey re-mains wholly nominal at $1 13. American pig iron has beenquiet but about steady at $22 50@$25 for No. 1, $21@.§22 forNo. 2 and $19@20 for forge. Scotch pig irons are very irregu-lar and weak; Glengamoch sold from second hands at $19 50,and Eglmton at $18@.*18 50; from first hands about $2 moreper ton is asked; rails are quiet at $58@$60 for steel; scrap wassteady at .f21@$23. Ingot copper has advan.!ed to 18M@18%c.for Lake. Wool is perhaps a trifle steadier: holders do nutappear disposed to force sales, and State and Ohio lieeces arefirmly quoted at 46@54c.
Receipts at— Sat.
New Orleans . .
.
491Mobile 11Charleston 257Port Royal, &c..Savannah 199Brunswick, &o.
Galveston 101Indianola, &c...
Tennessee, <fec.. 1,499Florida
58Wilmington ....
Moreh'd City,&e
Norfolk 859City Point, Ac. ....
Totals tills week 3.184
Mon.
1,419
208260
76
11
1,675
7
351
1.037,
Tucs.
11240199
59
313
1,410
40
153
2,356
Wed.
6781
185
162
61
1,499
358
2.944
Thurs.
69934
108
13
1,390
20
323
2.337
Fri.
71419523
22(J
61
9
1,997
23612746
4.16i
Total.
4,14(>
3161,061
722:
563
9,500
125-
2».
2,65674&
19,870-
For comparison, we continue our usual table showing thisweek's total receipts and the totals for the corresponding weeksof the four previous years :
Receipts this w'k at 1880. 1879. 1878. 1877. 1876.
New Orleans
Rfobile
1,116
3161,061
3
722503
9
9,500
1182,656716
1,191
171233
4703
1,172
212,311
3
10743412
1,777
65724782
2,372
1,13412
1,639
29673
1,030
999
1,835
609208110
1,775615
2,719
"53
51760
4,06T575445
Port Royal, &cSavannah ...........
3011,257818
Indianola, &aTennessee, &aFlorida --.
1,330
North Carolina
Norfolk
1511,42»
City Point, &o 121
Total this week ... 19,870 7,188 10,721 8,526 10,493
Total since Sept. 1. 1,801,566 4,414,610 4,230,436 3,932,137 4,047,55*
The exports for the week ending this evening reach a total of24,169 bales, of which 16,040 were to Great Britain, 1,424 to
France and 6,705 to rest of the Continent, while the stocks asmade un this evening are now 318,382 bales. Below are the-
exports for the week and stocks to-night, and a comparison witlk
the corresponding period of last season.
Week EXPORTED TO— Totalthis
SameWeek
STOCK.
ending Conti-Juue 18. Britain. France. nent. Week. 1879. 1880. 1879.
N. Orl'ns 4,583 1,300 5,883 8,783 93,585 29.944
Mobile.. 11,650 2,451
Charl't'n 8,366 80»3avan'h. 7,937 2,62TQalv't'n- 1,241 .... 1,241 8.071 3,02*
N. York. 5,702 1,424 5,003 12,131 2,783 141,183 145,44»Norfolk- 18,090 5,888
Other*.. 4,514 400 4,914 3,587 29,500 17,00*
Tot. this
week.. 16,010 1,121 ; 6,705 24,169 15,153318,382 207,192
Totsince
Sept. 1.. 2417,765 331,0851830,507 3602,357 3327,751
The exports this week under the head of "other ports" include, from Bal-timore, 1.26S bales to Liverpool and -400 bales to the Continent; from Boston.1,6-^9 bales to iiiverpool, and from Philadelphia , 1.557 bales to Liverpool.
From the foregoing statement it will be seen that, comparedwith the corresponding week of last season, there is an increatt
in the exports this week of 9,016 bales, while the stocks to-night
are 111,190 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also givfr
us the following amounts of cotton on shipboard, not cleared, atthe ports named. We add also similar figures for New York^which are prepared for our special use by Messrs. Carey, Yale &Lambert, 60 Beaver street
:
On Sliipboard, not cleared—for
June 18, at— GreatBritain.
France. OtlierForeign
Coast-wise.
Total.
Leavlnj;Stock.
New OrleansMobile
9.6153,700None.None.3,154
2,606
4,308None.1,200None.Nouc.
Noue.
5.073" None.1.648Noue.Noue.
Not recNone.
337None.
50400
None.eived..None.
19,3333,7002,898400
3,154
2,666'
74.2527.950
unarlestonSavannahaalvestonNew YorkOther ports
3,4687,5374,917
'45,59a
Total 18,469 5,508 6,721 787 31,485 145,714
June 10, 1880.] THE CHRONICLE. 653
The following is our usual table skowing the morement of
«otton at all the porta from Sept. 1 to June 11 , the latest mail dates:
BECKIITS SINCE EXI-OKTEU SIWOE SEPT. 1 TO—Posts. SEPT. 1.
Total.Stock.
1870.1
1878. Britain. *Tftno«- Foreign
•r.Orlns 1458,907,1108.028 852,873 253,057 245,876 1351,811 99,977
Mobile. 34»,778 360,896 79,867 10,143 17,355 107,365 11,883
Ohar'n* 470,180 513,856 151,040 19,422 165,791 330,253 8,350
SaVli.. 722,117 702,328 185,152 18,950 219,210 423,342 0,260
Galv.'
.
400,015 558,929 215.896 23,831 49,670 289,406 0,430
jr. York 195,712 147,361 422,104 24,602 81,434 528,140 152,504
Florida 20,141 56,114 .... .... ....
V. Car. 102.703 134,003 23,803 1,177 10,447 35,487 1,304
WorTk* 710,903 557,013 234,074 1,479 8.912 245,065 18,157
Other.. 272,520 207,329 133,251 25,068 258,310 29,000
Thlayr. 4781,090 2401,725 352,661 8Q3,802|3578,188 340,024
toM year 4107.422 i939,243'4O9,095l911.20O'3312,698 226.579
• Under the bead of ChorUHon it Included Port Koral, Ac: under the hew] olOatvaton it iDoluded IndiuuoU. ±o.: under tba head of Jtorrolk la Included Clt>Point. &c.
The speculation on our Cotton Exchange has been quite slug,
gish during the past wesk, and the fluctuations In value of
futures comparatively slight. The small stocks here, and the
revision of spot prices in favor of the better grades, have deterred
operations for the decline, while the very favorable reports from
the growing crop, together with dull foreign advices, have pre-
vented purchases for the advance. On Saturday, the reports of
the cessation of rains, and active field work in Alabama, caused a
decline of some importance. Monday opened firmer, but closed
slightly lower, and Tuesday and Wednesday exhibited slight de-
-clines. Yesterday the opening was lower, but the close at 3@4points advance on a fresh revision of spot quotations, causing a
-demand to cover contracts, but with the speculation continuing
comparatively dull. To-day there was some further advance,
but without much doing except for August. Cotton on the spot
Las been quite dull, and prices remained unchanged at the re-
vised quotations of last Friday, until yesterday, when " strict
good ordinary" and "good ordinary" were reduced l-16c. and
"strict ordinary" and "ordinary" ^c. ; stained, ic. lower for
" low middling," " strict good ordinary" and " good ordinary."
Today the market was strong, with the sales for export exceed-
ing ten thousand bales—said to be for Liverpool.
The total sales for forward delivery for the week are 330,100
4>ales, including free on board. For Immediate delivery the
total sales foot up this week 13,374 bales, including 11,960 fo/
export, 1,414 for consumption,— for speculation, and in
transit. Of the above, bales were to arrive. The following
are the ofiBcial quotations and sales for each day of the past week
;
.June 12 toJune 18.
Ordln'y.spibStrict Ord.
.
Good Ord..Btr. G'd OrdliOW Mi<ld'i;
Btr. L'wMidaUddllnjt...Good Mid .
.
Btr. G'd MidHidd'g FairFair
UPLANDS.Sat. non Tnes
9!)»3
103810'8ll'is11^12121aV2\1314IB's
991s
1038lO'a11'1611%1212 >a12%I3I4IS^s
9
103810~sll"i«11%12I2I91234I3I4
NEW ORLEANS.
Sat. Mon Toes
995310 »a11119l6ll'sI2I912S8IS^g133914
995810 Hi11119l611%12%12»812''8
133811
9959
tola11119l8ll'-8
12%12'912 '8
133811
TEXAS.
Sat. non. Tae*
99»8
lOifl
1111»18ll's12%123812^9133814
99=8
lOhl1111»1«11%12%12!>8
12'8i:;38
11
99»8
lOis1111»1«11%12%12»812%133811
IVed
99%
103810%
Ordln'y.¥B>BtrictOrd.Good Ord.Btr. G'd OrdLowMidd'g ll'iaBtr.L'wMld 11%MiddllDK... 12Bood Mid.. 1212Btr. G'd Mid 12%Mldd'gFairl3>.tFair 13%
Th. Frl.
8%9:18
IO61,
10:3i8ll'ie11%1212%12%131413%
8%938
105,8lOl^iBIl'l611 3l1212%12%I3I413%
Wed9
10%1111»1611%12%12»812%133811
Tta.
8%9%
111*18ll»,e11%12%12!>8
12%133814
Frl.
8%9%
107,8lOlSig11910ll's12%12581279133814
W^ed
993810%1111»18117812%12»81279133811
Th.
8%9%
107,8101*18n»i811%12%12<>8
1278133(3
14
Frl.
8%9%
107,8IO'Sk11»18117812%12=812%133814
STAINED. Sat.
Good Ordinary V "> ^%Strict Good Ordinary V"slow Middling lO"!
Middling '11
inon^Taes Wed8% S%9»« 9»8
10>4 10'411 111
»%958
10>411
Th.
8589%10%11
Fri.
8589%10%11
IfARKST Ain> SALES.
SPOT MARKETCLOSED.
Bat . . Quiet aui steadyMon .'QuietTues. DullWed . DullThurs Sfdv .it rev. quo.Frl. .|Stc;uly
Total I
SALES OF SPOT AND TRANSIT.
El- Con- Spec- Tran- „ .
,
port. Bvimp. ul't'n sit.-lO""-
484800
400
t
132285264237305131
1,414
6161,085204237763
10,407
DeliT-Balee. ^riei
05.20041,80058.10068.30048,10067,600
.... 13,374 3B9,100 2,400
700500400300300200
" 10,276. I 11,900.
TUe dally deliveries given above are actually delivered the day pre-
vious to that ou wUicli thev are reported.
The Sales and Prices of Fctures are shown by the follow-
ing comprehensive table. In this statement will be founa the
dAlIy market, the priceH of aales for each month each day, andthe cloning bids. In aUdltioo to the dally and total tale* :
i
II
riI
n imm immi f If: 3 lil
i
nil
a i*
ss
>ia> aaua -10
03s 88 -10,58
-IS
T»S
H*^ ^M t^m
£2^ gSS ?-=i-,I®-* 1«-a T»^rrS irS 1 tSasp »»> ' -<
iii
t,^2 yh #8 ^is r^s'®S '*•*
IS-- I*^ lik!iS \z^ %%^ :^:^^ Zi^CO W WCJ <>Q0 t^O
—— a
10 MIS)-, i
«
I
•"^•4 i-Z
)«•«••»,!•-;'
M»-u -•-•-) ^^a '"^A ""oKri K^$ ^^8 TrS
Ir6^M h'M t^^ ^H ' 10
»i »i lb u fc»i wo <*>
c© 00
??sax
00
»'i-j
00-j-'i
CO
005
COj-4IX»u
99S
m
00
i-S'scoi
00cits
998
00
cog82
COda
,5s
00adc —
1 08
00
—-a^9S
00
I «-^
998c.-«wopa
00»w
•: ?t f99S
»298
00da
COda
998I 9^998
COdd
co^d-S'ace tea
I |:
I «:
I I
:
I
:
I li
I 1;
I li
l«
I I
00§8I «a^-i — -J
00C>i'«a*»
-J -JOuuo
00
*>oeo
99
l»5
5"^
Trnn«ferftl)le orders-Saturday, 11-70: Mmday. 11:7,''= T«»<>«y11-70; Wednesday, 11-65 ; Thursday, 11-. 0; Friday. 11-.5.
Short notices for June-Tuesday, 11-75.
The following exchanges have been made daring the week:
•08 pd. to exch. 200 July for An*.07 pd. to exch. 200 July for Auk.•00 pd. to exch. 100 Scirt. for Aug.
•M pd. to ezeh. MO Jan« for Aar.-so pd. to Mch. 100 Sept. (or Aoc.aoo Sot. for Dec «Ten.
Thk V18IBLB Supply of Cottoh, as made up by cable and
teleirraph. Is as follows. The ContinenUl stocks are the nguMB
of last Saturday, but the totaU for Great Britain ar-d the aflo^
for the Continent are this week's returns, and con^quenUy
brought down to Thursday evening; hence, to make the totaia
the «)mplete figures for to-night (June 18). we add the item of
exports from the United States, indading in it the exports of
Friday only. ,__.'' ^
1880. 1879.
Stock at Llverpo<d bales 761.000 806.000
Stock at London 55,800 42,000
1878. 1877837.000 1.030,00«12.500 45,750
Total Great Britain ttoek 819,80"StookatHavre ^i'922Stock at Marseilles .S'SSSStock at Barcelona «7,»oo
044.000113.000
2.'J5042,000
849.500 1.075.75022."?.350 223,250
6.500 lO.OOO50.000 &2,C0O
654 THE CHRONICLE. [Vol XXX.
1880. 1879. 1878. 1877.Stock at Hambari; bale*. 3.000 3,000 T.OOO 17.000Block at BreiiuT 45.300 24.750 47.750 70.2o0Block at AiDSterdara 21,200 33.500 62,500 58.500Block at Rotterdam -.. 2,5r>0 1,250 12.250 11.500Block at Antwerp 1.320 400 6,500 7.7S0Stock at othor conti'Dtal ports. 20,600 7,500 20,250 lO.noo
Total continental ports.... 228,100 227,650 442,000 4()G,250
Total European stocks.. ..1,047,900 873.650 1.291,500 1,542,000India cotton afloat for Europe. 316,000 333.000 23H.00O 342.000Amer'n cotton afloat for Eur'pe 331,000 159.000 135,000 240.000EKypt,Brazll,&e..afltforE'r'pe 25,000 13,000 13,000 24.000Stock in United States ports .. 318,376 207.192 195,724? 263.291Stock in U. B. interior ports.. . 52,378 17.467 15,307 26.254United Stftca exports to-day.. 5,000 1,000 200 4,000
Total visible supply 2,095,654 1,605,309 1,886,731 2.441,545
Oftbe above, tbe totals of American and otber descriptions are as follows
'
American—Liverpool stock 501,000 469,000 668,000 6.57,000Continental stocks 160,000 190,000 380,000 382,000American afloat for Europe.... 331.000 158,000 135.000 240.000United States stock 313.376 207.192 195.724 263,291United States interior stocks.. 52.378 17,467 15,307 20,251United States exports to-day.. 5,000 1,000 200 4,000
Total American 1,367,754 1,012,659 1,394,231 1,572.515Sasl Indian, Brazil, dc—
Liverpool stock 263.000 137.000 169,000 373,000I«ndou stock 55,800 42.000 12,500 45.730Oontiuentai stocks 68,100 37,630 62,000 84.250India afloat for Europe 316,000 333.000 236,000 342,000Egypt, BrazU, &o., afloat 25,000 13,000 13,000 21,000
Ttttal East India. &0 727.900 562.650 492.500 869.000Total American 1,367,754 1,042,639 1,394,231 1,572,515
Total visible supply 2,095,654 1,605,309 1,886.731 2,441,543Price Mid. Upi.,Ldverpool .... ei-iMil- ei^jgd. e>id. O^io^i
The above figures indicate an increase in the cotton in sight tc-
night of 490,345 bales as compared with the same date of 1879,
an increase of 308,923 bales as compared with the cone spending
date of 1878, and a decrease of 345,891 bales as compared with 1877.
In the preceding visible supply table we have heretofore only
included the interior stocks at the 7 original interior towns.As we did not have the record of the new interior towns for thefour 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 townsgiven weekly in our table of interior stocks instead of only Iheold 7 towns. We shall continue this double statement for atime but finally shall simply substitute the 19 towns for the 7
towns in the preceding table,
Amertean— 1880. 1879. 1878. 1877Uverpool stock bales 501.000 469,000 668.000 037,000Continental stocks 160.000 190,000 380,000 382,000American afloat to Europe.... 331,000 158,000 135,000 240,000United States stock 318,376 207,192 195,724 203.291United States interior stocks.. 96,190 29,306 23,287 4.5,769United States exports to-day.. 5,000 1,000 200 4,000
Total American 1,411,560 1,054,498 1,402,211 1,592,000ISast Indian, Brazil, d!c.
—
Liverpool stock 263,000 137,000 169,000 373,000Londonstock 55,800 42,000 12,500 45,750Continental stocks 68.100 37,650 62,000 84,250India afloat for Europe 316,000 333,000 236,000 342,000EfO'pt, Brazil, &c., afloat 2.5,000 13,000 13,000 24,000
Total East India, &c 727,900 562,650 492,300 869,000Total American 1,411,560 1,034,498 1,402,211 1,592,060
Total visible supply 2,139,466 1,617,143 1,894,711 2,461,000
These figures indicate an increase in the cotton in sight to-nightof 522,318 bales as compared with the same date of 1879. aninerease of 244,7.55 bales as compared with the corresponding dateof 1878, and a decrease of 331,594 bales as compared with 1877.At the Interior Ports the movement—that is the receipts
and shipments for the week, and stocks to-night, and for thecorresponding week of 1879—is set out in detail in the followingStatement:
Week ending June 18, '80.1 Week ending June 20. '79.
Receipts Sliipm'ts Stock.
7,117
Receipts SUIpm'ts Stock
Augusta, Ga 98 3,068 92 139 3,113Columbus, Ga 70 398 5,623 69 96 2,320Macon, Ga 14 14 1,369 2 89 35!Montgomery, Ala 92 052 3,385 26 23 2,032Selma, Ala 35 240 1,287 11 la 308Memphis, Tenn.. 371 6,423 26,658 397 1,855 8,142NasliviUe,Tenn.. 122 688 6,939 143 1,201
Total, old ports. 802 11,483 52,378 597 2,358 17,407
DaUag, Texas.. .. 2« 80 123 6 47Jeflerson, Tex.*. 25 25 100 10 10 167Blireveport. La .
.
148 581 1,377 248 496 507Vlcksburg, Miss.. 98 234 143 51 282 451Columbus, .Miss . 2 211 4 59Ettfaula, Ala 17 325 1,382 52 123 108Giiffln, Ga 1 1 890 28Atlanta, Ga 7,642 5 245 607Bome, Ga 42 409 1,836 9 196 330Charlotte, N. C. 170 360 510 66 35 387St. Louis, Mo 1,314 7,427 74,706 398 633 7,203Cincinnati, O 3,117 3,696 4,892 412 032 1,885
Total, new p'rts 4,962 13,138 43,812 1,261 2,654 11,839
Total, all 5,761 24,'i21 96,190 1,858 5,012 29,300' This year's figures estimated.
The above totals show that the old interior stocks have de-ereateddaTiDg the week 10,'i81 bales, and are to-night 34,911 halesmore than at the same period last year. The receipts at the sametowns have been 305 bales more than the same week last year.
Receipts from the Plant.\.tion8.—The following table isprepared for the purpose of indicating the actual movement eachweek from the plantations. Keceipts at the outports are some-times misleading, as the.v are made up more largel.v one yearthan another, at the expense of the interior stocks. We reach,therefore, a safer conclusion through a comparative statementlike the following. In reply to frequent inquiries we will addthat these figures, of course, do not include overland receipts orSouthern consumption; they are simply a statement of theweekly movement from the plantations, of tbat part of the cropwhich finally reaches the market through the out-ports.
RECEIPTS PROM PLANTATIONS.
Weekending—
" 9" 18•* 23• ,30
May 7" 14•' 21•• 28
June 4" 11
•' 18
Receipts at the Ports.
1878 I 18T9.
59.880
SI ,39
1
39.010
38,866
31,196
24,252
20.067
19.732
18.820
12,380
11,231
10.721
D1,2S)
44,851
40,187
36.183
22.283
19,031
19,897
1«,6(3
17,113
11,089
6,612
7.1881
1880.
47.393
37,828
38,910
38,714
30,85S
25.881
24.836
:>6,514
23,764
23.674
18,580
19.870
Stock at Intcr'r Ports
1878.
119.9«1
108,633
93,979
89,142
75,550
65,770
56.433
46.306
39,025
34,154
29,315
23,287
1879.
116.879
107,005
91.966
87,294
78,962
71,546
S9.249
51, U942 198
37,570
32,429
29,306
1880.
259.223
252,495
288,556
220,938
204.154
186,65S
176.157
181 ,455
143,24
130,635
115,038
98,190
Rec'pts from Plant'ns
1878. [ 1879.
48,082
40,033
26,382
32,019
17,604
14,472
10,760
1
9,604,
10.940
1
7,309]
8,392!
4,6931
34,977
23,118
81,511
13.951
11.615
7,600
8,853
7,882
6,481
1,471
4,065
1880.
40.496
30,595
24.971
10.094
14.076
8.16S
14.135
11.812
5,550
11.068
2,983
1.022
The above statement shows
—
1. That the total receipts from the plantations since Sept. 1 in1879-80 were 4,s90,455 bales; in 1878-7t) were 4,438,204 bales; in
1877-78 were 4,237,241 bales.
2. That although thfl receipts at the out ports the past weekwere 19,870 bales, the actual movement from plantations wasonly 1,033 bales, the balance being drawn from stocks at theinterior ports. Last year the receipts from the plantations for the
same week were 4,065 bales, and for 1878 they were 4,693 bales.
Weather Reports by TELEGRAPn. — Cotton has made good
progress during the past week. One or two correspondents com-
plain of too much rain and of grass, but, taking the whole cotton
section together, the present condition is very favorable.
Galveston, Texas.—We have had fine showers on two days the
past week, the rainfall reaching one inch and six-hundredths.
The thermometer has ranged from 73 to 91, averaging 81. The
cotton plant looks strong and healthy, and the crop is de-
veloping finely. Some sections complain of being in the grass,
bat generally good progress is being made in clearing the fields.
Indianola, Texas.— There have been showers at this place on
three days, the rainfall aggregating seventy-five hundredths of
an inch. Crop accounts are more favorable. The thermometer
has averaged 83, the liigliest being 92 and the lowest 75.
Corsicana, Texas.—We have had showers on two days during
tbe week, with a rainfall of sixy-four hundredths of an inch.
Average thermometer 8C, highest 96 and lowest 05. The crop is
making excellent progress.
Dallas, Texas.—Rain has fallen on two days (showers), to a
depth of one inch and sixty hundredths. The thermometer has
averaged 80, ranging from 05 to 96. Crops are generally doing
well.
Brenham, Texas.—We have had showers during the week on
two days, the rainfall reaching fifty hundredths of an inch.
Average thermometer 80, highest 95 and lowest 70. In some
sections weeds are becoming troublesome, but the fields are
being cleared and prospects are good. Corn will be very abund-
ant.
Neuj Orleans, Louisiana.—Tla'm has fallen during the past
week on four days, the rainfall reaching thirty hundredths of an
inch. The thermometer has averaged 81.
Shreveport, Louisiana.—The weather during the week has been
dry and fair, and somewhat coo'er than last week, the ther-
mometer averaging 78, with an extreme range of from 61 to 93.
The rainfall for the week is forty-eight hundredths of an inch.
Vicksburg, Mississippi.— It has rained on only one day during
the week. The weather has been 6ool for June. We hear cater-
pillar rumors, but do not attach much importance to them.Columbus, Mtssissippi.-Uainh&s fallen on two days of the past
week, to a dfptli of eighty-tliree hundredths of an inch. Thethermometer has averaged 86, the highest being 89 and thelowest 83. Crop accounts are less favorable. Weeds are grow-ing so fast that they are becoming very troublesome.
Little Hock, Arkansas.—Telegram not received.
NiiShvUle, Tennessee.—We have had no rainfall during the
week. The thermometer has averaged 79, the highest being 96and the lowest 59.
Memphis, Tennessee.—There has been no rainfall at this point
during the week. The thermometer has ranged from 64 to 96,
averaging 80. The crop is developing promisingly. The fields
are clear of weeds and grass, and the prospect never was better.
Mobile, Alabama.— It has been showery one day, the rainfall
reaching one hundredth of an inch ; but the rest of the week hasbeen pleasant. Average thermometer 81, highest 95 and lowest63. The crop is developing promisingly.
June 19, 1880.] THE CHRONKXK! 655Montgomery, Alabama.—IXi-i weather durintr the week liag
been warm and dry, there havioj^ been only one light shower, therainfall reaching twohundredths of an inch. Average theriiio-metor 83, highest !)3 and lowest (1:1. We have rumors of the ap-pearance of caterpillars, but think them of little importunce.Good progress is being made in clearing the fields of weeds.
Helma, Alabama.—Telegram n(>t received.Madison, Florida.—Telegram not received.Macon, Oeorgia.—We have had rain during the pist Week on
one day. The thermometer has ranged from (J j to 05, averaif-ing 83.
Columbus, Georgia.—Telegram not received,Savannah. Oeorgia.—We have had no rainfall daring the
week, the weather having be:'n pleasant. Avara«;e thermometer87, highest lOiJ and lowest 03.
Augusta, Geori/ia.—During the earlier part of the past weekwe had light rain on two days, the rainfall reaching two hun-dredths of an. inch
; but the latter portion has been clear amipleasant. The fields are clear of weeds. The cotton plant looksstrong and healthy and is developing finely. The thermometerhas averaged 85, the highest being !>U and the lowest 63.
Charleston, South Carolina.—'IMiere has been no rainfall atthis point during the week, and rain is wanted. The thermometerhas r.inged from 64 to 100, averaging bi.
The following statement we have also received by telegraph,showing the height of the rivers at the points named at 3 aclockJune 17, 1880, and June 19, 1879.
June 17, '80. June 19. '70.
„ Feet. Inch. Foet. tncli.new Orleans Below high-watermark .. H 10 10 !>
Memphis Above low-water marli... 10 5 11 10Nashville Above low-water mark... 2 8 2Bhreveport Above low-water mark .. . IB 8 7 .T
Vicksbure Above low-water mark... 2J 11 18 7
New Orleans reported below high-water mark of 1871 untilSept. 9, 1874, when the zero of gauge was changed to high-watermark of April 15 and 16, 1874, which is 6-lOths of a foot above1871, or 16 feet above low-water mark at that point.
Cotton Crop of 1879-80.—We have been written to veryoften of late to give our opinion—based upon the port receipts
-and OTerland up to this date—of the total crop. There is so
little room left now for estimate that the final result seems to
be pretty nearly fixed. The overland and port receipts up to
last Saturday compare about as follows with last year:
Tj.rune 11. • 1879-80. 1878-79.
4,781.696510,000
4,407,422430,000Overland direct
Total to June 11 5,291.096 4.8.'^7,422
This shows an increase in receipts up to this date over last
year of 454,274 bales. But interior stocks are now about
83,000 bales larger than at the same time in 1879, and consequent-
ly that amount should be added to the above increase (454,274
bales), making the total excess in sight at this date 537,274 bales.
Furthermore, during the last two weeks the receipts from the
plantations (as can be seen from our weekly table) have been
considerably in excess of same weeks of 1879 ; this would indi-
cate that up to this time more cotton has been held back the
j)resent season, and that therefore a few thousand bales morefrom this source must be allowed for in future receipts.
Again, the item of corrections will be fifteen or twenty thou-
sand bales larger than a year ago ; this is quite certain to be
the ease, as nearly half of it has already been announced,
though not added. Bringing these different sums together, andadding, also, say thirty thousand bales for inerea-se in Southern
consumption, we shall raise the excess over last year to about
600,000 bales. The crop of last September was 5,073,531 bales.
We should conclude, therefore, as a result of this inquiry, that
the total crop as made up next September would be about
5,675,000 baWs.
Agricultural Depart.ment's June Cotton Report.—In our
editorial columns to-day will be found an analysis of the Depart-
ment's report and of the Cotton Exchange reports, which our
readers will find of interest. The text of the report fromthe Agricultural Department, as published by the daily press,
was as follows:
The returns indicate an increase in the area planted in cot-ton of 7 per cent. The reports were as follows : Forty countiesin North Carolina report an average increase of 6 per cent.
Nineteen counties in South Carolina an increase of 7 per cent.
Seventy-five counties in Georgia an increase of 8 per cent.
Thirteen counties in Florida an increase of 3 per cent. Thirty-two counties in Alabama an increase of 8 per cent. Thirty-ninecounties in Mississippi an average of 3 per cent increase.
Eighteen counties in Louisiana an increase of 4 per cent.
Seventy-three counties in Texas an increase of 12 per cent.
Thirty counties in Arkansas 7 per cent, and twenty-five countiesin Tennessee 15 per cent increase. The condition is reportedbetter than last year at the same time, and is 99 this yearAgainst 96 last year. The weather was favorable everywhere,with rather too much rain in Mississippi and Looisiaua.
It will be noticed that the forogoing doM oot gire th* •r<iM-tion of ea<^h State. We therefore telegrsphtid the Departaoatfor detailed figures, and receirml the following t«legmii ia i»-ply, which farnUhMi the necenMry informalion:
Cotton Condition for Jvnt.—Vorih Carolin*, 93 j South Cuo-lina, 104 ; aeorgia, 98 ; Florida, 00 ; Alabama, i C ; Uteiaippl.98 ; LouUiana, 97 ; Thxm, 106 ; Arkanaat. 100 ; TtrineMae, 90.
Wm. a. liEDUC. CommiwiioDer of Ajf^'-ultara.
CoTTow ExciiABOE Cbop RspoBTrt ro* JuNB.—Tba f.i'lowing
ia the complete crop report of MemptiU Cotton KichauKi*. otwhich a telegraphic Nummary wa* publbthed lajit wxnk.
HemiihU DeparlmAnt.TvniHiiMT Klvrr. and llw fol-I'unoln. l.aru>i-tti-. Nanball.t»- Stntr nf A rhmgog norfh nf
inil J. (' JitlMiMJU.
-I
il.
covero the Slule of Trnnettrr, vlowhiM ('ounlirx in \tiMiiiHiiijii>i
DuH<itn, Tiiiilra. Ili-nteiT) i\w\ I
the ArkiinMUi HIvcr. The n-U'Cotton KxehtuiKe. thriMiKhHtUtlHtkMI. <'<llll|MIH('illir II. .M. s
Uartniua, II. V. iLoM\ II. Fumtciun im, n. .\. i,i
West Tennessee.—45 responxes.Aereriffr of Cotton Ttilr-- '- - vmrt liierea*. !
'' : in
cotlon: S about Banic; 1 • Incn-iiiwi v'27 reiMirt the weathnr . -•n vi<rv rn
,
i
cultivation of cro|w; 14ii . . .i
.^
mure fiivorablo than 1- 7report lesK favorable, 4 I ' .
weather about aanin h« 1^,;*, - ',,, ',,:•<, „ .<» < orum /^mtwcotton Htanili beiug very Hriii; 17 kimxI: 'i but inoileraMly g<"hotter thui) luHt .ve.ir: I.^ about hiioi-. atul :i Dot w> imoo. 1-
«<rtnrf»— 1.5 report earlier th;ui 1S79; '.'1 about ii.ime; 9 later. n\.one day earlier. 0/ dmtlitloii—^iO ri'|K)rt loltoii en)ii In their \1<-
Hno condition, well enltlviite<l and <-oin|>Hrallvflv fper from erweedit ou tho yist of V '* ^ '
-
ItrasBy, and ti report eioi
0/ LatHircrn—TliK (teen .i
oul.v moderately well, /r/ iicjr, « -An n-imrt im < •.nini.-i < lai Trmii/rrHUHed, but that bettor attentlou 1h ^ven to hoine-prmluccd luanuroa. .
North Mi;i8l8sl|ipi.— 47 responses.
Aereage nf Co«»ii—Thlrtyoiio reiiort Increoned nrrd»K«. 10 alwiitgame; itveniec lucremuv 6 i)er eent. WnUhtr—[i4 n-port tlie w<>atWrvery favorable for plautlui? and cultivation, 9 mode: i- - 'iltiA 4uitfavorat)1e; ;.t4 more favoial)le than la«t year nn a-. - rojn;6 report at>out sniiie, less faviirable. .^ ae<uinnt of b, .1 toodry. CutiiHIinn of til(i)ul$—-ll i-eiwrt HtiiiidK in very inn- . ..u.nuon, 20good, nioderat4!ly sood; 22 niueh bettor than Iimc year. 21 about aniae,4notH0K0od. /h <>6/(/uiiHf/ <SVo«r/« — 1'.» n*pf>rt eJirUcr. 12 alwutl Miine.16 later. averaRinx ab lut miniu date ax la-t year. <1f r ' -."O
6 report very line. Hell eultival^Ml nuil eoniparatlvely fre. <l
we«aH, 13 average eouditinn partialis' jimiwy. .^ report vet.
\
"f'
I,(i6orcr»—G report hn-rejwe lu uuinlhTrt. 2.5 a dern-aw. I(»';t .: ;t.. :
aven»K«deerea»«. B'loo per cent : 45 report thcni w.irkinir wi-il. J ii^modenit4!ly well. yfrtilizcrg—XW reiiort no eoiuiueroial ferti...-. ; .
aged, but l>etter attoutiuu Kivcu to duiucatic luauure*.
Arkansas.—49 responses.
Acreage of f'offon—Thirty-clRht report an InereajiwI arreafre: 10 nlKmtsame; 1 adecreiwie: averajre InerenHC 9i-v iM*r e-ent. iri,j//ifr—;M n'|H>rtweather very favorable; II uioderatelv favsrable; 7 unfavorabb-: 28much more favorable than 1879. aeeonut of Imu rain; 8 ab" • ;rt
le8e favorable; 10 aeeount of belnjt too dry; 3 too wet. ' r'
ftt(tntla~'20 iX'iwvi in ttnv. eiindltlon; 19 ^tod. 10 UHHlemr. .:o
nnicli better than 1 879; INalumt mime; 11 nor ' 7A'(nnrf<—12 reiwrt earlier, 19 almiit the Rniiie : r.
averaKing one day lat*r. O/ '_'om<iiV/o«—34 i- yfinely eonditioneil, roinparatlvely fre<i of tn°iuti< -• .<• i.iKecondition, partially (!ia».sy; 2 uniultivated aud v Of Laltor—20 report an iiKrea.<e lu uumb.'r*"; 18 about saiu >; II a de-crease; averatfiug 1 |M>r eeut Inerense; 40rei>.ii «... ».iih well; 3 onlymoderately well. /W7i7ir<!;'»— .\ll reiKirt no commercial rertlllxera iiaco;
domestic manures are generally utilised.
North Alabama.—12 responses.
Cotton /Icreosff—Nluc report iucreaM. 2 about luime. I defre.iK'"; aver^age iuereaiM! over 1879, 3 |»r cent. Weather— n^p" ' .imble,4 moderately favorable, 2 unfavitrable. 6 much more : -ftHnitof less rain. 2 about 8nme lis 1879. 4 U^sa favorrtble. - ' Imtiiff
too dry and 2 too wet. Oomtition of ,Slntiit8— '.i rv\tor{ \ir\ rtiM . 4 gooa.3 moderately good. 2 pottr, 5 report mueh W-tter than 1ST'.), 2 aboutsame, 5 not so good; 1 reiHirts («tand obtained earlier. 2 about sametime as 1879. 9 later, averaging days later. Conililion nf rm>—
5
report very tine, free of gra.ss and weeds, 4 average condition iHirtialb-
grassy, 3 very grass.v. Of Laboi— 10 report atwut same in iiumbeT*: 2decrease; average 11-10 decrease; all report working well. FenUiiers—No commercial use,d; domestic wauures availed of to fullest extent.
Aggregate.—141 responses.
1. Acreage—105 reimrt Inoreaaed acreage; 3t about lame aa In 1870;2 a decrease, avenigc iucrease 8™ioo per cent.2. WfofA^r—92 report the weather i»s having been reix farorabla for
planting and eulttvation: 34 nii^derately favorable; 13 uufavornble; 87more favorable than 1879, aeeount of less and more seaaooable rains; 3aeeount of more rain; 24 report weather about same: 24 report lewfavorable, account of being too dry; 11 on aooonnt of betnf too wot.
3. Collon Slamts—G>', report stands very fine; 56 good: 19 modorat«lyfain 69 mueh Iwtter than 1879; .54 about sjinie; 18 not so goorl.
4. Time of Obtaining sianda-XH re|)ort earlier stands than In 1879; 53about same time, 4:i liitcr. averaging almnt same dale as 1879.
5. Condition of Cotton Crop ilay 31—93 report ooodlUon veiT One,well cultivated and free of grass and weeds: 35 in average condition,
slightly grassy; 13 not worked out, and aerlooaUr troubled with gnatand weeds.
. , .... .
6. Labor and its ^rorale—31 report an increased namtier of labocOTK74 about same as 1879; 30 a doerease, averaging 18-100 deereaie: 134report them working very well; 7 only moderateljr weU.
7. I'erlili:er»—.Kl\ reiwrt no eommereial fertillMn OMO, bat a liettar
economy gcucia'ly in regard to domestic manurva.
GuHur Bao8, Baooinq, &c.—Bagging has been in good de-
mand, and there is more disposition shown by buyers to take
hold; but as holders are very firm as to price, and ar? not dis-
posed to accept less, there have been but few transactions, andprices are nominal at lOMc for 1^ lbs., lOMc. for 2 lb«. andllj^c. for standard grades. Butts have arrived to a moderate
extent, but most of these were sold some time since. There is
not much activity, and only sma'l parcels are being taken.
Prices continue very firm, and there is nothing now to be hadbelow 3)i@3Hc- for paper grades, while for spinning qualitie*
3)i9'i^- "^ ^^ figures
656 THE CHRONICLE. fVoL. XXX,
COMPARATIVK PORT KBCBIPTS AND DAILY CROP MOVBMBMT.—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 the
month. We have consequently added to our other standing
tables a dally and monthly statement, that the reader may con-
stantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
wnce Sept. 1 hag been as follows:
MontWr Year Beginning September 1.
Beceipts. 1879. 1878. 1877. 1876. 1875. 1874.
Bept'mb'r 333,643 288,848 96,491 236,868 169,077 134,376
October.
.
888,492 689,264 578,533 675,260 610,316 536,968
Sovemb'r 942,272 779.237 822,493 901,392 740,116 676,295
Deoemb'r 956,464 893,664 900,119 787,769 821,177 759,036
January . 647,140 618,727 689,610 500,680 637,067 444,052
February. 447,918 566,824 472,054 449,686 479,801 383,324
264,913 303,955 340,525 182,937 300,128 251,433
April .. .. 158,025 167,459 197,965 100,194 163,593 133,598
May 110,006
4,748,873
84,299 96,314 68,939 92,600 81,780
TotMj-.31 4,392,277 4,196,104 3,903,725 1,013,375 3,400,862
Fero'tage of tot. port
reoelpts May 31... 98-78 96-55 96-67 95-77 97-25
This statement shows that up to May 81 the receipts at the
ports this year were 356,596 bales more than in 1878-79 and
552,769 bales more than at the same time in 1877-78. By adding
to the totals to May 31 the daily receipts since that time
we shall be able to reach an exact comparison of the move-
ment for the different years.
1879-80. 1878-79. 1877-78. 1876-77. 1875-76. 1874-75.
Tttt-MySl 4,748,873 4,392,277 4,196,104 3,903,725 4,013,875 3,400,862
Janel
—
2.694 B. 2,269 1,351 1,962 2,784
". 2.... 3,731 2,002 8. 1,254 2,084 2,861
" 3.... 3.249 2,044 2,359 8. 1,578 2,003
« 4.... 4,509 1,886 2,396 2,821 8. 2,562
« 5.... 2,316 1,044 1,243 2,309 2.71-: 1,570
« 6.... S. 1,557 1,704 1,812 1,110 B.
« 7.... 5,019 833 2,409 1,247 1,92.:^ 3,028
" 8.... 2,691 B. 1,401 1,531 1,312 2,211
•• 9.... 2,913 1,748 S. 1,186 1,528 3,107
" 10.... 2,013 954 2,686 8. 1,209 2,021
"11.... 3,508 1,142 1,862 1,584 8. 2,946
" 12.... 3,481 875 1,920 3,061 2,149 1,463
"13.... S. 1,060 1,170 1,385 1,543 8.
« 14.... 4,037 1,021 2,192 640 724 3,845
" 15.... 2,356 B. 1,505 1,121 719 1,987
" 16.... 2,914 662 S. 1,186 1,586 1,899
" 17.... 2,587 1,773 2,270 8. 784 2,034
" 18.... 4,462 1,186 'i,'a6o 1,075 8. 2,115
Total 4,801,566 4,412,084 4,224,859 3,927,288 4,036,802 3,440,228
Feroentage of total
p'rt rflc'pts .Tune 1 S 99-20 97-22 97-25 96-32 93-37
This statement shows that the receipts since Sept. 1 up to
to-night are now 339,503 bales more than they were to the sameday of the month in 1879 and 576,707 bales more than they
were to the same day of the month in 1878. We add to the last
table the percentages of total port receipts which had beenreceived to June 18 in each of the years named.
India Cotton Movement from all Ports.—The figures
wtich 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-received
leport from Bombay, to furnish our readers with a full andcomplete India movement for each week. We first give the
Bombay statement for the week and year, bringing the figures
down to June 17.
BO.MBAY RECEIPTS AND SHIPMENTS FOR FOUR TE.VRS.
Year
1880187918781877
3hipmeuta this weeli
Great Conti- _, , ,
Brit'n. nent. loia'-
19,0008,000
12,0007.000
10,000 29,0009,000|17,0004,000 1 6,0009,000! 16,000
Sliipmenta since Jan. 1.
Great Contl-Britain. nent.
318.000219,000292,000332,000
411,000275.000356,000380,000]
Total.
729,000494 ,000648.000712,000
Receipts.
Tills
Week.
24,00022.00031,00015,000
SinceJan. 1.
968,000707.00079-2,000959,000
EXPORTS TO EUROPE FROM ALL INDIA.
Shipmentsto all Europe
ft-om—
BombayAll other p'rts.
Total 39,000
1880.
Thisweefe.
29,00010,000
SinceJan. 1.
729,000241,000
970,000
1879.
Thisweek.
17,00015.000
32,000
SinceJan. 1.
494,000216,000
710,000
1878.
Thisweek.
16.0006.000
22,000
SinceJan. 1.
648,000-6O,00O-
708,000-
This last statement affords a very interesting comparison of thfr
total movement for the week ending June 17, and for the three-
years up to date, at all India ports.
Alexandria Receipts and Shipments.—Through arrange-ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, -we novr receive a weekly cable ofthe movements of cotton at Alexandria, Egypt. The foUo^ving
are the receipts and shipments the past week and for the corre-
sponding weeks of the previous two years.
According to the foregoing, Bombay appears to show an increasecompared with last year in the week's receipts of 2,000 bales andan increase in shipments of 19,000 bales, and the shipments sinceJanuary 1 show an increase of 235,000 bales. The movement at
Calcutta, Madras, Tuticorin, Carwar, &c., for the same week andyears has been as follows.
CALCUTTA, MADRAS. TUTICORIN, CARWAR. R.1NGOON AND KURRACHEE.
Shipments this week. Shipments since January 1.
Year. GreatBritain.
Conti-nent.
Total.Great
Britain.Conti-nent. Total.
1880187918781877
6,00010,0005,000
4,0005,0001,0008,000
10,00015,0006,0008,000
174,000133,00021,00061,000
67,00083,00039,00041,000
241,000216,00060,000105,000
Alexandria, Egypt,June 17.
Receipts (cantars*)—This weekSince Sept. 1
The above totals for this week show that the movement fromtie ports other than Bombay is 5,000 bales less than same weekof last year. For the whole of India, therefore, the totalsliipments this week and since January 1, 1880, and for thecorresponding weeks and periods of the two previous years, are98 follows.
1880.
1.0003,204,500
1879.
1,0001,588,000
1878.
l.OOO2,558,000
Exports (bales)—To Liverpool....To Continent . .
.
This Since This Since This Sinceweek. Sept. 1. week. Sept. 1. week. Sept. 1.
1,000153
Total Europe 1.153 360,647 244,500
188,500172,147
168,00076,500
1,000 234,000166,000-
1,000400,000* A cantar is 98 lbs.
This statement shows that the receipts for the week endingJune 17 were 1,000 cantars and the shipments to all Europewere 1,153 bales.
Manchester Market.—Our report received from ManchesterJune 18 states that the market remains steady, with prices un-changed, and a fair business doing. We give the prices of to-day
below, and leave previous weeks' prices for comparison.
April
MayIt
Jiino
1879-80.
32s Cop.Twist.
d. d.10l2®llI038®l0''e10>«®10%9?t®l0i291231014giflSiok
9ia®10i49l2®10l491331014
8I4 lbs.Shirtings.
Cott'nMid.Uplds
s. d. s. d7 li2®8 O7 ®S6 10ifl'S7 IOI26 9 ®7 98 7i2®7 7I2
6 9 3)7 96 7i2®7 7I2
6 7i2®7 7I2
6 7i2®7 7I2
6 7*2«^7 712
1878-79.
328 CopTwist.
d761^66i3ie
6111C613,66II16658
613i87I4
d. rt.
8ia®9i8858®9l48'8®9ia9 '3)9^938®10938® 109i«a>9%914S19349l4®9349l8®934
8H lbs.
Shirtings.
s. d. s.
5 7i-2®7
5 7i2®75 9 ®75 10i3®76 Ha®85 10i2®75 10i-2®76 ®85 10ia®75 9 ®7
d.99
1012lOiilia
1012lOia
lOij9
Cott'nMid.Uplda.
d.6%6386%&%
73l66i»ie77
The Exports or Cotton from New York this weefc snow adecrease, as compared with last week, the total reaching 12,131bales, against 25,034 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 exportsand direction since Sept. 1, 1879, and in the last column the total
for the same period ot the previous year.
Exports of Cotton (bales) from New York since Sept. 1, 1879.
Exported to—
Week ending-
May Juno Jnue June26. 2. 9. 16.
LiverpoolOther British porta.
Total to Great Britain
HavreOther French ports
Total French
13,318 19,485
300 378
Bremen and HanoverHamburg ,
Other ports
Total to North. Europe
Spain, Op'rto, Qibralt'r,&cAll other
Total Spain, &c .
Grand Total
10,85316.1802,465i 3,305
13,12
300
1,796201
4,105
6,102
375
378
53'
537
1,534
375 ! 1,534 3,353
6,302400
13,122
1,173
5,702
1,424
1,173
1,104
6,272
7,376
3,353
1,424
464
i'ii'i
5,005
Total todate.
Sameperiodpre^•l'us'
year.
399,3068,500
232.14S4,812
427,806
26,026
236,960-
!,303100-
26,026
34,69218,97524,104
5,2623,406
8,6t>S
20.095 21,934 25,024 12.1311540,271
12,403
14.209'2,2022,835
19,246
5,610
5,610
274,219-
THE Following are the keceipts of CorroN at Sew York^Boston, Philadelphia and Baltimore for the past week, and since
September 1. 1879.
Receiptsfrom—
New York. Boston. Philadelphia. Baltimore.
This Sinceweek. Sept. 1.
Thisweek.
SinceSept. 1.
Thisweek.
SinceSept.l.
Thisweek.
SinceSept. 1.
N. Orl'ansTexasSavannahMobile...Florida . .
S.Car'linaN.Cav'lmaVirginia..North, ptsTeun., &o.Foreign..
5,000,186.6051107,370
854 178,917
!!;!".; 5,6661,440 109,852
76, 41.5871,411 202,029
6,0595,939 201,681
4,772
"223
"643,412284
23.5152.969
37,362
1,29031
o3,592147,251144,719
"i'l'i
::::;:
"i98
5,2792.575
15,587
""65
6i',285
i',424
"32323
960298
65,209-
12,i6»10,52376,98»
76015,000
This year. 14,720 * 3,983 410,759 339 84,791 3,028 180,644
Last year. 6,393 875,241 1 4,323 351,516 960 87,7251 369 160,166
* 1,014,562.
JONB 19, 1880.J THE CHRONICLR 657SnrppiNO NKW8.—Tbe exports of cotton from the Uoll«<i
"States the past week, a.4 per latest mail return!, have reached44,.'53.5 bales. So far as the Southern port« are concornocl, thcsx«re the same exports reported by telegraph, and published Inthe Chronicle last Friday. With rejjard to New YorK, weinclude the manifests of all vessels cleared up to VVedaewlaTnight of this week.
Tot&l b&liM*«w York—To Llrerpool, per nteamorii City of BiTlln. 713Spain, 727.... lluiiilnililt, .113. ...City of Montn-nl. l.HIO....Scythia, 240.. ..prr slilp Uuliwru, l,2.-)4.. ..iier burlcSerirn, 11.") 5 30'
To ITiili, per steamer Otniiit^, 400 !.!!!."!! 400To Havre, nei' stcamcr» Franco, 765....Volmcr, 12....VUIede Mai*8ellle8, 047 1,421
To Bremen, pee stcamor Ui-n. Woi-dcr, 216 Nockar,!248!!! '4(11
To C'roustailt. per ship TUor, 4,541 4,.VllKkw Orleans—To Liverpool, per atenmort Juana, 1,686....rommander, 2,537. ...Chilian, 3,850.. ..iicr bark MarkuPolo, 2,4<i9 10 .542
ToHiiv,-e, perlmrk Heine don AngCK, 2,300 .!!!!".!! 2!300To Bremen, per sliip Ciiiirttiintla, 3,544 3.541To Siileino, per liuik I'rovidonza, 1.300 1,300
Moim.K—To Bllre(^loIla, per ship Angellta, 2.600 2,H0OCHAHI.KSTON—To Bremen, per liuik BruKe, 797 ITiiland 797Savannah—To PusuKea, per bark Appla, 500 Upland 5(K)Texas—To Liverpool, per bilK Emily WatterH, 1,109 l,l(MtJfORKOLK—To Liverpool, pernlilp Uwl O. Bni-)reni<, 5.885 8,885BALTriiORE—To Bremen, per steamera Ohio, 594 Berlin, 400. 994Boston—To Liverpool, per Hteaniers Iberian, H30 rombroku,
440 Atlas, 654 Bavarian, .539 2,463PHiLAUELPiiiA—To Liverpool, per steamer Pcnusylvttula, 370.. . 370
Total.The particulars of these shipments, arranged In our
form, are as follows:Llvor-iiool.
New York... 5,702N.Orleans... 10,542MobileOharlestouSavannahTexas 1,109Norfolk 5,885BaltimoreiBoatou 2,463Philadelphia 370
Havre.1,4242,300
Bre-men.464
3,544
707
904
Cron- Baroe- Fasa-stadt. loua. ges.4,541
2,600
Salerno.
1,300
800
44.535usual
Tofnl.12,13117,0862,600797500
1,1095,8S5994
2,463370
Total.... 20.071 3,724 5,799 4,541 2,600 500 1,300 44,535
' Including 400 to Hull.
Cotton freights the past week have been as follows:
Satur. Mod. Tues. W'edues. Thurg. Fri.
idverpool, steam il. 3ie®'4 SlS®^ 3ita>U 'IBS' "4 »18»'4 S,«»l4
Do sail...rf. hiS'^ie "iss^'ie *32®'l6 *33a»16 *33®=>ie »32®='l8Savre, 8teivm....r. ei8 "is »19 »18 »18 »18
Do sail c. 71031 'a TlsSHl 718® "a 7,8® >a 7,8»>a 7,8® "a
firemen, steam, .c. l2®9l8 lasioig >S»»18 iaa»,8 «S®»18 '«®»ieDo sail c. 7,8® 1 532 'i6®i^3a 718® ">33 7l8»"3a 'l8'*'*32 7,6®">:)2
Hamburg, steam.iJ. ^39l6 Iil3i9i, •aaeia >2®»19 »2»»,8 >«®»,aDo 8ail...rf. 716® Ifl ^leSia '18®%! 'ifS^ 7,8»»a 7,8® >*
.Amst'd'm, steam.c. 9l6 9l« »I« "18 »18 »1«Do 8ail...c. "a ^ >9 hi >3 H
«altic, steam.... d. ll32®36 "saa^s "32338 H32®% "32® ^S "32®%Do sail c. 833 %a »33 »32 »33 »32
Liverpool.—By cable from Liverpool, we have the following'Statement of the week's sales, stocks, &c., at that port:
May 2S. June 4. June 11. Juno 18.
««lea of the week bales. 35,500 46,000 49,500 53.00027,5003,800
33,500 38,500 39,0003.S0«Of which exporters took 6,800 6,200
Of which speculators took.. 1,600 1,900 3,100 4,100Actual export 6.200 6,700 7,200 10,.iOO
16,000767,000514,000
14,500 15,000797,000528,000
13,00076l,,iOC£01 ,000
'Total stock—EetimOf which Amerkf
iitcd 776,000527,000m—Estim'd
Total import of the week 82,000 68,000 83.000 35,,'JOCOf which American 56,000 55,000 40.000 £(),.'".00
JLmount afloat.. 378,000 392.000 3^*> onn a.^.^ tu^fi
Of which Amerlc.in 213 000 21 1.000 00.000 201.000
The tone of the Liverpool market for spots and futures each day of theweek ending June 18, and the daily closing prices of spot cotton, haveIj^eu as follows:
Bpot.Saturday Monday. Tuesday. Wednes. Thursd'y Friday.
Market, }
12:30 P.M.S
ilid. Upl'dsMid. Orl'ns.
Mat^ket.5 p.m.
SalesSpeo.ifc exp.
Firmer.
678OI618
9.0002,000
Easier.
678CI618
8,0002,000
Quiet.
678
615i9
8,0001,000
Fair.
67861018
10,0002,000
Dulland
easier.
613,8
615i8
7,0001,000
Quietand
steady.
613,8615,8
7.0001,000
Futures.
Market, I
5 p. M. 1Easier. Quieter. dul? Weak. Barely
steady. Finn.
The actuivl sales of futures at Liverpool for the same week are givenfeelow. These sales are ou the basis of Uplands, Low Middliug clause,^mlesa otherwise stated.
BATtJRDAT.
t
Delivery. d. I Delivery. rf.
Ang.-Sept 613,8 | Nov.-Dec 6II328ept.-Oot 6213a I
June 6»73o®i:i,nOct.-Nov 67i4 iJune^July 62632
Monday.
Delivery. d.June 613,8JuneJIlly 613,8July-Aug 613^8
Delivery.June 6%®2532Juoe-July 6%July-Aug 6^Au^.-Sept 6%
Delivery.Sept.-Oct 6193SOct.-Nov 638JuneJuly d^^saJuly-Aug 68*32
Delivery.Aug.-Sept 02B3JDcc.-Jan 6»:)2
Jul}--AuK Ii\Aug.-Sept <i\
Delivery. d.June 6%*»i|Jnne-Jnly s%July-Au« ^»*%Anc-Hept &*L8cpt.-Oct ei»jj
DtUvtry.JuneJune-JulyJuly-Autf
•0**ia
8"l«
Delivery.lane 6",«JuneJuly «Ji„July-Au« o»ii.jAux.-e«pt 6iiat
Delivery.June 0^»l>,iiJuneJuly 9»^vaJuly-Aujf 033,„Au«.-8ept...eil|(»>3a
TOUDAT.Dtli—ry. d.
Tnlr-An« otaj.Aux.-Hepi un„«ct.-NoT nil—Jun* 6\Bept.-Oct «>,,
WMlXBaOAT.XWlMry.
Aas.4topl eiluaapL-Oet ttittNot.-Om ai|,
TllDUOAT.
8«pt.-Oct «>tOot.-NoT on.,Nov.-Dee 0»i«Juno 4>^t
Pbidat.iMtMry.
Bept.-OctNov.-Dec..June.Oct-NoT.
Otltun. d.JUD* ^f**fmJua»-Jaif onSOrt..JI»» dh?Xur.-Dec vjr
DeUteru,JnB^Jaljr mi,.
Oet.-I(av 9^Detltry.
JuB»Julr flfliaJuly-AMit eiljiAoc.-ltspt 6>>I2
••jiI ffameC611,
flaWwry.VoT.-I>ee ..
Jan*Mmr.-Apr
:SL
BRE ADSTUFFS.FBISAT. P. M.. Jnoa 18, ISM.
Tbere has been bat little farther yieldintr in prieM of floar
yet the tendency has b«en downward. Stocks An light and th«demand has been fair for export, with a moderate home trada
But holders are anxioaa, not only to effect prompt aale* on ar-
rival, bat to close out stock.s in store. Yesterday there was saactive basiness in the leading g^rades of shipping extras. To-
day the market was somewhat depressed and unsettled.
The wheat market shows some farther decline, althongh tba
export moTements hare continued on a large scale. The de-
pression has been most decided in spots and Jane contracts, aa
they are much dearer than later deliveries, causing parehaaM
to be limited to absolute needs. The report of the Agrieulta-
ral Bureau at Washington on the progreM and prospects of
the growing crop of wheat, was made public yesterday. It
says the average of spring wheat shows a very slight increasa
over that sown last year. There is a decline in the area sowa
in the States of Wisconsin and Iowa of nearly 12 per cent ; ia
the New England States the ana is the same ; in Minnesota
there is an increase of 1 per cent ; in Nebraska an increase of
9 per cent, and in California of 12 per cent. The condition of
winter wheat is remarkably good, and is 94, vrhich is 4 per cent
above the average of last year. Pennsylvania, Ohio, Indiana
and Illinois, all report above 100. Kansas is only 72, on accooat
of protracted drought. The closing prices last'evening for No.
2 red winter were $1 26 for spots and June, $1 15H@f 1 16 for
July and $1 11 for August ; No. 1 white, |1 22 spot and June.
and No. 2 spring f1 15®'$1 17 on the spot. To-day the market
was quiet and weak. No. 2 red, winter closing at ?l 15 for Jul/.
Indian corn gave way slightly early in the week, but ye«t«ti-
day was active and buoyant for both spots and futures. No. %
mixed, 52@52Mc., spot and June, and 6O>i05O^e. for Jnly.
The grade known as "steamer mixed"—of good quality, bat
hardly in condition to go forward by sail in hot weather—has
been in better supply, and declined to 49c. on the spot and 48e.
for all June. To-day there was some further improvement.
Bye has been quiet, and prices were nearly nominal.
Oats have been quite depressed under the large supplies
coming forward, and No. 2 mixed closed yesterday at 38i6«.,
spot and June, and 39c. for July. To-day the market 1
quiet.
The follovfing are closing quotations:
FLOUR.No. 2 llbW. *2 40» 3 10Winter suiiertinc 3 75® 4 15
Spriuf; supertlne 3 40» 3 75Sprini; wheat extras.. 3 80» 4 13do XX ami XXX... 4 25»6 50
Winter shipp'gertraa. 4 25» 4 Oodo xy
Patents
gertdo XX audXXX.
_ atciitsWestern 'rye mix".City shippluK extras." ike
4 85» 6 756 25® 8 005 00» 5 SO4 10» 5 90
Southern, i)aker8' andfamily lirands 5 75» 7 00
Soutirnshlp-gextrM. 6 20* 6 65Kyo flour, auporllue.. 4 6o» S 10Com meal— _ _
.
„ _„Western, Ao 2 60»2 00BraudjTviae, *c.... 3 W" 3 15
ORAIiC.
Wheat
—
No. 3 spring, V bn.$l 06 »1 08No. 2 «prmg J
U allTAmhrr winter ... 118 •! 34Red winter. No. 2 1 25>aai 3«White 1 18 •!»No. 1 white lamalM
Cora—West- mixed 4U « 53_Weefn No. 2, newWe»t. yellow, newWest, white, uon'
RyeOats-MixedWhite ••
Barley—Canada w.8..ite, 4-rowed...
I State, 2-rowed...Fea»-<.'»D'<U,li.*t.
5'Jk« 52%54 « 6655 a M93 • 9836 a S»37 a M— • VM— • «*- • •—sa • •&
658 THE (CHRONICLE. fVoL. XXX.
(From the " Xew Ym-Ic Produce Exchange Weekly.")
Receipts of flour and grain at "Western lake and river ports
for the week ending June 12, 1880
:
Flour, Wheat,bbls. busli.
At— (196 lbs.) 'GO 1 bs.)
OIlloa«^ 37,111 304,897 C
Mllwnukce 31.360 116,990Toledo 300 188,333Detroit 2,330 320,033CSevelaiid 1,218 11,6.')0
et Louis 22,296 127,399Peoria 3,370 4,400Duluth: 3,300 27,7«4
Com,bush.
(56 lbs.)
,421,0316."),600
554,6597,081
00.900363,145315,050155,841
Total 94,194 901.4713,982,587Bamo time '79. 110,408 1,362,511 2,635,262
"-..,." receipts at same ports from Jan.
for four years:1880. 1879.
nooT .bbls. 2,578,335 2,944,804
"Wlieat bush.CtenCtataBarleyBye
Oats, Barley, Ryo,bush. bush. bush.
(32 lb.").) (48 lbs.) 56 lbs.)
413,731 35,fi39 7.(i0658,050 7,800 8,70028,87320,206 50045,800 3.350
148,765 It, .542 3,57474,700 6,000 5,500
789.115 56.721 24.350675,577 37.895 62,054
1 to June 12, inclusive
21,512,01263,932,07413,390,5762,431,1461,034,301
27,127,98241,061.36512,633,3512.288.2271,431,221
1878.2,660,713
27,357,60841,216,32311,316.5512,740,6991,802,418
1877.1,858,985
7,470,07232,139,4948,029.0372,579,... :>
858,777
Total Krain.... 105,300,109 81,545,146 84,363,601 51,076,980
Total receipts (crop movement) at the same ports from Aug. 1
to June 12, inclusive, for four years:
Flonr.
.
.bbla.:i79-80.4,925,310
1877-78.5,433,107
70,742.84976,335,93823,72-!, Ill9,219,5.593,779,235
1876-77.4,517,677
36.863,05771,939,39519,074,8278,346,4502,716,326
Wheat bush. 83,896,442Com 111.433,704Oata 27,804,010Bai-ley 10.398,0'!5Bye 3,986,2^9
Total grain .... 237,418,470 306,672,303 183,805,692 138,090,055
" Comparative shipments of flour and grain from the same
ports from Jan. 1 to June 12, inclusive, for four years:
Flour... ..bbls.1880.
!,332,795
Wheat bush. 21,232,549C!om 49,654,070Oata 10,441,272Bartey 1,551,885Bye 895,2ao
1879.3,030.950
24,007,76134,600,9689,285,0551,952,8931,267,413
1878.2,659,937
34,971.81535,202,3767,146,7831,499,9681,482,734
1877.1,872,504
7,730.84323,903,3766,035,6(i31,870.339600,218
Total grain.... 83,825,0J6 71,114,090 70,313,631 40,110,439
Rail and lake .shipments from same ports for last four weeks :
Wheatj^jCom, O.its, Barley, Rj'o,bush't^^Pbush; bush. bush. bush.
2.102.990 4.036,763 778.174 28.732 44.8672,551,753 3.813 633 865.706 22,400 35,6401,804,004 3,305,387 1,002,431 34,444 44.;i011,614.696 3,793,761 718,770 51,597 47,280
Week Flour,ending— bbls.
Juno 12 104.397Jane 5 142,395May 29 125,969May 22 130.753
Total, 4 w'ks,493.333 8.073.4 184 ^7eck8 '79. .520,845 7,366,435
) 11,283,570
3,365,3313,574,360
137.173 172.091114,806 304,493
13,954,446.
Receipts of flour and grain at seaboard ports for the week
ended June 12:Flour, WHicit, Com, Oats, Barley,
At-New York ..
.
BostonPortland _
•Montreal 13.686Philadelphia 16,380Baltimore 14.334New Orleans 7,812
bbls. bush. bush. hush.
93.559 1,87-2.315 1.451,550 096.942-_ .._ 74,0JO 341,775 108.3003,900 1,000
121.764 318,701 50,599343,000 1 ,076,600 95,400471,100 316.4.50 33,60051,000 140,597 29,060
bush.
57.(>093,6,)0
500
Rye,bush.
4,580
18,7162.5U05,000
Total week..Cor. week '79.
, 210.960 2,933.179 3.649.573, 183,633 1,642,880 3,704,473 571,363
500 30.7966,850 139,937
* 1,014,801
And from Jan. 1 to June 12, inclusive, for four years:
1880. 1879. 1878. 1877.K»nr bbls. 4,017,967 4,534,207 3,837,769 3,059,3^7
30,923,83861,134,4,5010,886,9811,580,678731,266
38,343,35254,169,5909,123,3941,430,6301,88.5,290
32,354,87854,331, .5728,756,8572,366,7872,171.523
3,947.91038,097,5417,250,0501,609.301588,354
Wheat bush.ComCMbBuleyBye
Totalgrain.... 105,257,213 104,957,162 99,081,617 51,493,156
Exports from United States seaboard ports and from Montreal
for week ending June 12:
Flour, Wheat, Cora,Prom— bbls. bush. bush.
HewYork 81,939 2,176,3U 654.877Boeton 34,756 10,800 404,345PortlandMontreal .. 12,858 197,438 395,361259,519Philadelphia.. 3,030 219,773 839,860.Baltimore 3,990 359,861 197,996 500
Oats,bush.
3,20320,525
Rye,bush.
Peas,bodi.
24,633 4,211
48,135 201,697
Total for w'k 136,582 2,964,183 2,4: i2,439 283,747 72,768 205,908Borne time 79. 113,988 1,970,824 3,130,410 4,9.59 246,469 31,535
The visible supply of grain, comprising the stocks in granaryat the principal poiata of accumulation at lake and seaboardport«, and in t^^it ^y lake, raU and eaaal, June 12, was as
Jiolloyie': !
In Store at—New YorkDo. atloat (est.).
AlbanyBnflitlo'."hicajoMilwaukeeDuluthToledoDetroitOswego (est.)
8t. LouisBostonToi'ontoM<ii\trflal (29th) ..
PhiladelphiaPeoriaIndianapolisKansas CityBaltimoreOn rail
On lake (est.)
On canal (est.)
—
Wheat,bush.
1,227.963130,000
8001,922,4196,647,6161,205.746136.231203,222365.15735,000
170.53345.3S7
213,53390.369
307.4486.067
21,30090,139
309,394178,619
2,524,0002,188,000
(3ora,bush.206.135534.00032,000878.161
6,330,35930.891235,315393,067
9,39650.000
343,89870,075
140,3006lil,71081,879
101,800146,602326,461735.578
4,349.0002,648,000
Oats, Barley,bush. bush.871.110 25.125509,0(10 40.00038.000 5,0000.227 1,800
447..3.56 166,41)153,606 06,308
(i6.3.50
32,300 3,673
01,460 1,66951.7,^9 1.5717.030 2.55638,173 3,611
159,015 1,33847,40071,695
Bye,bush.36,36822,000-39,000
400'50,07215,139
239
21,078392
11,322
6,9932,2001,195
753,33325,00027,000
28,732 31,36713,500
Total June 12, '80 17,033,556 18,315,647 3,203,848June 5, '80 10,580,257 16,407,750 2.045,805Mav 29. '80 20.394,104 15,784,3:36 2.730,406May 23, '80 19,608,499 13,146,300 2,128,556May 15, '.SO 20,3.57.948 13,092.164 2.024,787Juuc 14, '79 13,930,338 11,666,731 1,981,391
376,260436.558487,214614,08663U.787531.285
250.135301,486365,894402.550480,69»458,265
THE DRY GOODS TRA.DE.Friday. P. M.. June 18, 1880.
The business in dry goods has been irregular the past week,
and only moderate in volume. The late decline in cotton goodshas
imparted a little more animation to certain leading makes, but
has the demand was less spirited than expected, and buyers con-
tinued to operate very cautiously as a rule. There was a con-
tinued light movement in woolen goods from first hands, and
foreign fabrics remained quiet. The jobbing trade has been
fair for the time of year, and though there were comparatively
few buyers in the market, jobbers effected a considerable distri-
bution of staple and department goods in execution of orders
from out of town retailers. Values of cotton goods were un-
settled with a drooping tendency, and prices of woolen goods
favored the buyer in some eases, but staple imported fabrics
were held with a fair degree of firmness.
Domestic Cotton Goods.—The exports of domestics for the
week ending June 15 were 2,939 packages, including 1,393 to
Gi*eat Britain, 375 to British Australia, 275 toU. S. of Colombia,
145 to Hayti, 107 to Brazil, 91 to Argentine Republic, 88 to
British West Indies, 83 to Cisplatine Republic, 52 to Venezuela,
and some minor shipments. Prices of cotton goods continued
unsettled, and various makes of plain and colored cottons were
reduced to much lower prices than have been known for
months pa,st. Lonsdale bleached cottons were marked down to
9c,—the identical price at which these fabrics were held last
September—and there was an important decline in four-yard
brown sheetings, tickings, &c. The reduced prices have led to a
freer movement in brown cottons, but the demand for bleached
and colored cottons failed to realize the expectations of holders.
Print cloths were quiet and lower, sales of 64x64s having been
made at 4@4%c., and 56x60s at 3%(S3Mc. Prints continued
dull, but there was a fair inquiry for moderate parcels of
lawns, wide printed cottons and dress ginghams.
Domestic Woolen Goods.—There has been a strictly moder-
ate demand for clothing woolens, and selections were mostly
confined to such small parcels of low and medium grade fancy
cassimeres, &c., as could be obtained at a concession from nom-
inal holding rates. The best makes of cassimeres, suitings and
worsted coatings were quiet but steady, and cheviots were
somewhat unsettled. For overcoatings there was only a lim-
ited inquiry, and selections were chiefly confined to small lots
of specialties in rough-faced and fancy-back effects. Ken-
tucky jeans received a little more attention from intending
buyers, but dealings were light in tne aggregate. In flannels,
and blankets there was no movement of importance, and
shawls and worsted dress goods were slow of sale.
FoKBioN Dry Good.?.—The market for imported dry goods
has been very quiet, selections having been almost wholly
restricted to such moderate re-assortraents a.s are required for
immediate distribution. Staple dress goods, such as cashmert^^,
&c., were, however, suught for in moderate parcels, and fair
sales of grenadines and buntings were reported. Silks ruled_
quiet, but satins were in fair request. Linen and white goods,'
la«es, etc., were in light demand.
June II) 1H60.j THE (JHRONJCLH. 659mportallons or Dry (Juotfu.
The impoitat)on« of dry goods at tlim port for th« week endingJnue 17, ISbl'. and for the correHponding weekH of 1879 aud1878, have loen as followH:
EMTEHED FOR COWBII.MITIOW POR TOE WEEK BNUIXO Jr«»K 17, IrtSO.
r
1878. 1870. 1 188<V
I'kgs. Value. PkKH. Value,jI'kKii. ViilHo.
Manufactures of—Wool 203
.M4313.500
.140
74,27,-j
138,41181HO,H3070,74334, .'lift
27.'5
7.V)579OIIH120
OH.'S.'ill .IfKll \^-i'.ri\
Cotton811kFlax
201,2.^8 1101
3^7,558 100160.702 05037,877 aOl)
20J,1I38317.0112121,882I51,li2.5Miscellaneous
Total 1,700 .504,340 2,701 832,000 2,733: 011.307
WITHDRAWN PRO.M WAREHOUSE AND THROWN INTO THE MARKET UUll-INO THIS »\ME I'EltlOD.
Manufactures Vf—Wool
r,i
fju
1142.915
07.0111,'>,338
34,44028,o3041,157
12(1
118
211115
.•57,710 1.52
44.802 DIU02.200 100
56,73101,00700,48151.11 J10,172
CottonBilkFlax
Miscellaneous 5.320 330
TotalEnt'ilforoonsuiuiit.
3,2931,700
18.5,082501.310
1.0072,701
215,112832,000
1,01 K2,733
281.801011,307
Total on market . .
.
4.093 600.322 3.708 1,017.418 3.7il 1,220,111ENTERED FOR WAREHOUSE UUKINO SAME l-EKIOI>.
Manufacturea of—WoolCotton
174111T>i
10324
70,11
1
40,01133,2302J,22.-)
0,100
10513159
210.-)0«
42.1381 .'jBa' 020,02040,0001 183 "^i »i 1
BUkFlax
Miscellaneous
37,095 18640,313 2374,310 20
13.">,20.%
00.3007.782
491.081041,:;07
1,130,201
TotalEnt'd forcousiuuiit.
4601,700
173,300501,340
1.0112.701
171.782! i,ini832,0O0j 2,733
Total at the port.
.
2,100 077.730 3,712 1.003,788 3,027
Imports or LetKtliiK Article*.The following table, compiled from Custom House n'turn8,
shows the foreign imports of leading articlew at this port sim-eJanuary 1, 1860, and for the same period in 1879:
IThe quautit.y Is Klven in paokuKOH when not otiinrwisc. Kpat-iHwl. I
1880. 1879. 1880. 1870.
Ctina, Ac-China
n.Metals, Ac—7.491 5,390 1 Lead, nlcs. 35,302 1,3««
Earthenw . 2 4,385 18,07i)i Spelter, lbs 4.0.i2,y90 9 l;i.03'.i
Glass 373,177 J 15,879; 8teel 288,171 30.097Glassware
.
IM.lOl 14,070 Tin, Imxes. 7.S8,7lM 5S2.-.;79Gla«8 plate. 3,37f. 2.51( Tin Bills., 11)S ! 7,079,9 19 8,001,781Buttons O.GO.'i 4,830! Paper 8tock. 177,09s 62.977Coal, tons... 13.188 13,103, Sugar, lilids,
Cocoa, bags. 21,077 13,819 te.«., &l)bl8. 315,: o;i 360,492Coffee, bags.Cotton.bales
1,170,(!,.^0 !.012.03ol Su^'ar, hexes3,018 8,0301 and bai's .
.
1,172,185 880,011DniRs, Ac- 1 Tea 438,528 39o.5«:iBark, Peru. 19.305 21,378; Tobacco 38,701 27.50.iBlea. powd. 12.889 0,331 \Va:.te 717 277Cochineal.. 2,389 1,752 5Viin-s.ito.
—
Gambler . . 00,048 28,171, C'hainp'gnaGum, Arab. 3,94!) 2,7S9
1ba.'^liets .. 01,022 15,923
IniUgo 4,y,il 3,328 Wines 102,079 78.871Madder, &c 890 1,400 Wool, bales. 71,2.">1 20.123Oil, OUve.. 2:j,181 20,475; llejjorleil byOpium .. .. 1,11.^ 53S
tealiit. $ Hi
Bodii, bi-cb. 7.'.)ji: 7,015 ,C'i);iir« 727,79- 020.3 1'J
Soda, sal. . 38,729 2S,i75;|cork8 •t7.<>9;i 31.048Soda, ash.. 15,885 30,514 Fauiy food.s 181.IWI 302.391Flax 3.'.i30 1,484 !f1s1i 209, 7.i 2 172,150Furs 7.093 3.773 Fniils, Ao.-Gunny doth l,7Ci 500 Lemons .. . 798,0!)0 522.027Hair 7,498 1.873 Oranges . .
.
1,2.55,807 1,287,441Hemp, bales 111,588 :t'7.400; Nuts 4!)2.707 352.275Hides. 4c.-
1Kaisins.... .">9l.75o 379.479
Bii.stles .. . 1,843 OlS, Hides, uudr. I2..l24.'.).">3 1,9S0.J37Hidcs.dr'sri 4,517 2,]80l'Riec 133 18-< 131,818India rubber 37.2i!8 21.339 ei.!eco,£;.-Cvory 1,199 481 Cswsla..... 103.709 211.902Je-,velry,&c- 1 Ginfter .. .. 5.'^,703 77.189Jewelry .. 1,031 1,233 I'ejiper 373.715 205,343Watches . . 190 290' Saltpetre... 236,030 175,498liinseed 2-10,022 251..579 Woods
—
Mol.osses 54,028 49,110 Cork 320,091 238,0-11Metals, &o- Fustic 31,190 72,000Cutlery 3,5C9 2,192 Locwood .. 394,00.5 357,800Hardware... 680 213 Mahoitan.v
.
120,295 851,212
Exportfit of Pro\-tfsIouH.The following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and NewOrleans, for week ending June 12, 1880, and their distribution
To-Porlr, Beef, Lard, Bacon, ' Cliee.sc, Tallow,bbls.
100bbls. lbs. lbs.
1lbs.
3.780
lbs.
London 320 209,200 1.011.221 181,000Liverjiool 1,897 928 1,078,385 7,153,296 1,867,800 367,720Glasgow 105 573 190,400 075,850 810,990 IIO.OOOBristol 82 50 216,320 284,525 002.7CO 22,000Newcastle .
.
175 48,000 612,273 20,820 220,000HnU 38 73 194,100 6,000
18,710W.Hartlepool Z89 75 205,230 ICL',301Antwerp 95 37 1.529,973 1,778,850 03.000I)enmai-U 25 230 452,.50O 951,900Kotterdam... 15 25 84,125 14,275 01.200Bremen 45 54 881,345 4.50,125Btct.in 14 16 718,.500 116,750 55.0«0Hamburg 084,019 28,800 11,000Havre 250 114,804 2,117.950MarstlUes .
.
50 730.7.50 100.300 71,000Cent. Amer.. 75 72 237,632 7.178 z.io'i 6,380Peru 5 20 61.3.57 22,181H.&C. Arocr 500 321 313,852 3W.310 139 78,601Cuba 046 02 45,315 218.469 8.412Hajti 2,807 78 65.708 13.139 8,718West Indies.. 2,005 000 188,617 32.831 35.422 1,325BritisbCol... 537 139 7,307 1,200 210Other count's 77 23 88 980 142.221 1.911
Total week .
.
9,944 3 794 8,931,931 17,377,007 (i.«»o,303 2.2OO.089Prev's wook 0,188 3,420 7,410,433 14,877.604 4 38BatV 1 2,027.142
H«e«lpM or Laa^lnz .trllcle* of OoatMilr Pr«4«««.Tha following Uble, bsNMd upon daily mportM nufle u> ih«
N«w York Produert Biobaoge, mLow.h the r»c«ipU of li«4iiigarticl«H of dome«lic pr>dac« in Jlew York for tbu w*i«ik ••odlnifwith Tue)»day laxt (correnpondiog with lh« wok for «i|iorU)',
also the receipts* from January 1, 1880, Ui tb»t day, and for tiie
oorrespouding twriud in 1879:
Ashes bbUIteuns i,i>ls.
Ureadstuffs -
Flour, wheat Iihls.
C<irn uieal blilii.
Whoiit biwbRye bushConi iK-skOuts iMMll.Barley and malt bunk,Peas biub
C'ottou.... bulmCotton s<-edoll IiblaFlax seed ba«itGrass seed biusHides .si).Hides iHile*.
Hops IkiUmLeather sidesI>'a<l u\m-Mohi.sses Iihus..Moliutses bbU.Naval Stores—Turpeiitbie, crude bblsTunieutluu, spirits. . . bblsRosin bbte.Tar bbls.Pitch bbU.
Oil euke nkinOil, lard .bbls.Oil, whale ntiu.Peanuts Duab.ProvlsioUB
—
Pork .- pkjirs.
Beef pkKsCuluieitts pkc*.Butter pk^g.Cheese pkg*.KKgs bbls.bird tci. Abbls.Ijird keks.Hogs, dressed So.
Rico V^S*-Spelter ,...shin.s.
Stearlue pkgs.Sugiir bbls.Sngar UliiU.
Week MuUnxJuua 15,
27703
9U,H83a.7fl0
1,783,UUUII.KU
1,171,000542, ri88,H(MJiu,3m)14,8201,085
3,103808
74,1984,613
160MI4
0.303120
li',3Vi223
BItiM Jan.1MIH>.
I.I BumIUM/HT.
TallowTobacco...Tobacco..,Whiskey...Wool
pkKS., boxe« A eases.
hbds.bills.
...t bulos.
1,813
1,8183(11*
22,27042.0Ut101.88.114.31311,1022,074
1,2.531,000
08
"0402,7311,3672.2980,161S,032
2.O0H ijtn2I,0<U SMt«
1 901,.-,«3
,. 5I.3.W s^l^UJL5,U73,2.>.) lT'-7'j{iJICWt
*l'2.7-)7 1 'ypfVafffiS10,5ut.u-.4l 111 I'lMLtSi<>. 100,7 10 4«4lMMmi1.0HI.2O2 1 74i$ 707201.6,51 I70.a«3431.INK) 400.0M25,I(W |-i.«4711.30*1 3.2>a03,781 m»u7*834 «H,)M»27.IWVS w.:i3«0.202 so.-.t.v>
1.8117,847 I.9I0.7R1l'J,6i4 43l,4|tV
510 «.nii11,674 75.307
1,764 7m836,007 20.A3U101.<)»5 IIU.IIO10.076 ViAtyi1.096 l.lBd
335.371 231.1132.0^2 I0,43«
101M.nm 60.«7a
77.007 101.073lM.o.55 21,010
813.4,2 8T2,3a4.^•i7.H><7 V)0.I4«543.090 57l,<>80338.812 2U7.82031-^.317 11U,7U080.73J 27.B6310.671 40,8«U>.•I'i,003 20.155.'5.; 10 18.81710.022 I7,0«i»
71 l,0447.888 28,807
51.622 34.45375.5 ro 72.33020.377 28,340
IUO.O«12 151,13325.8,17 J 13,701
I
Export* of Leadlux Articles of Daaiestic Prodace.The following table, based upon Custom Hou-sa returns, shows
the exports from New York of all leading article.s of d'>me«Ue
produce for the week ending with Tuesday la's!; also the expomfrom the hit of January, 13S}, to thj s4.iij day, ai 1 f.ir the cor-
responding period in l-i79:
Ashes, pots bills.
A.shes. |>carls bbls.Bce«wax lbs.
Breadstuffs—Flour, whe:it bbls.Flour, rye bbls.Corn uieiU ' . . .bbls.Wheat bush.Kj'e bush.Oats bush.Barley bush.Peas bush.Ckini bush
Candles pkgs.Coal tons.Cotton Imles.Domestics pkgs.Hay boles.Hoi>B bales.Naval Stores-Crude turpentine bbls,Bplrlte turpentine bbls.Roslu bbls.rax bbls.Pitch bbls.
Oilcake cwt.Oils-Whale gals.
Bpenu gals.Lard gals.
Unseed gals.Petroleum gals.Provisions-Fork bbls.
Beef bbls.
Beef tierces.
Cntmeatt lbs.
Butter lbs.
Cheese lbs.
Lard lbs.
Rice hbls.
TaUow lbs.
Tobacco, leaf hhds.Tobacco boles aud oases.Tol>ooco.manufactured. lbs.
Whalebone lbs.
Weekending SInoo Jan. 1, 8uaieliiuoJune 13.
I1880. lust year.
1072
95,636213
4,0001,963,394
26,4183,220
-i;732606,837
1,281101
20,3612,9302,345
3
3,8873,727174183
70 777
1S,2S836.60722,248
4,000,737
8,3361,3681,173
10,429.3381,781,7033.493.1007,400,184
1,2061.270,633
1,587707
286,712
027131
52,678
1,601.8772.233
77.88022,123.93
1
880,913123.196202.636193,198
16,420.80129.58023.479
306,42944, i 3(1
40,7801,877
9,019120.81O
3,7122,048
2 313,343
so.oeo165,3313«7,7PO43362
102,102,210
117,15826,43032.017
273.733,188110,701,82331,484,042136,437,242
8,00037,817,680
29.51320.443
3,194,62045,861
•6675
38,238
1,380,8133,524
80,88219.947.5102.O26.O0C^'30.128101,734177.160
15,236.04631,21340,223135.51561,71839.11813,981
1004.333
93.4SS
3.715874.031
96,7809S,64S633,150
5,67586,121,05«
116,77484.40939.05O
306.366.05014.026.73143.854.538131.460,5^
S6.148',10«38,48411,889
3.316.0M37,689
660 THE (JHKONICLE. IVol. XXX.
Financial.
Kimball, Howell& Co.,C. H. KIMBAI.L. J. P. HOWELL, N. P.HESDEH80X,
Members N. Y. Stock Exchange,
«8 BBOADWAir AND IT NEW ST.,
BUT, Sell and Casry on Maboins
All Secnrtlles dealt in at the Exchange
3AS. 1. Anthony. Member N. Y. Stock Exchange.Henry W Pooh.JAS. H. OLIPHANT. Member N. Y. Minlni? Exch'ge
ANTHONT, POOR & OLIPHAM,BAKKERS AND BROKERS,
No. 19 Broad Street, New York,And 83 Devonshire Street, Boston.Buy and Pell on Commission all Securities
Current at the New York stock Exchange.Allow interest on deposits. Make advancesON Approved Collateral.
Albert E. Hachfield,17 NASSAU STBEKT,
BASEMENT,
Deals In Investment Securities andBonds Generally.
WANTED :
Toledo Lonansport * Burlington Bonds.Union & Logansport Bonds.Rome Wutertown & Ogdensburg Bonds.Ind. Bloomint't'n & West. Old and New Securities
New Jersey Midland Bonds.
FOR SALE:New York & Greenwood Lake Bonds.
Trask & Francis,BANKERS AND BROKERS,
TO Broadway iclS New St., New Vork.ALSO,
Cor. Maiden Lane & James St., ALBANY, N. Y.
Transact a General Banking Business.STOCKS and BONDS Bought and Sold on Com.
mission, and curried on Margins.Deposits received and Interest Allowed-
Daniel A. Moran,
27 FINE STREET,NEW YORK.
(Member of N. Y. Stock Exchange.)
Negotiates First-Class Railroad, State,
and City Loans.
Buys and sells for cash, or on approved margin,
ail Securities dealt in at the Stock Exchange.
A choice line of Investment Bonds always on
band.
Correspondence solicited.
Fred. H. Smith,BANKER AND BROKER,
No. 52 EXCHANGE PLACE, JJEW YORK.
RAILROAD SECURITIES(An Intimate knowledge of all for the past 10 Years
A SPECIALTY.Investors or Dealers wishing to b«y or sell are
Invited to communicate. State, Municipal andRailway Bonds and Coupons bought and sold at bestMarket Rates.
H. L. Grant,No. 145 BROADWAY,
NEW YORK.
CITY RAILROAD STOCKS & BONDSBOUGHT AND SOLD.
See quotations of City Railroads in this paper.
Financial.
JlD.JlJU.fG^^e.
CA^ Co.BANKERS,No. 18 WALL STREET,
New York.Transact a General Banking Business, including
he purchase and sale of STOCKS and BONDS for
ash or on margin.
Buy and Sell Investment Securities.
p. O. BOX 2,047.
M. KIDDER, wayland Trask. H.J.Morse.
T. H. Latham & Co.,BROKERS IN
FOREIGN EXCHANGE,Vnited .Stntes, ChicHgo, Cincinnnti, St. Loills.
District of Columbia Bonds,AND OTHER
INVESTMENT SECURITIES,52 WILLIAM STREEr.
J. H. LATHAM. P. W. PERRT.
Iii!tui:unce.
Geo. H. Prentiss,
19 BROAD STREET, NEW YORK.
GAS STOCKSAND
GAS SECURITIES,STREET RAILROAD STOCKS AND BONDS
AND ALL KINDS OF
BROOKLYN SECURITIES,DEALT IN.
SEE GAS QUOTATIONS IN THIS PAPER.
John B. Manning,BANKER AND BROKER,
No. 6 W^all Street, New Ifork City
SOUTHERN SECURITIESA SPECIALTY
State, Municipal and Hallway Pond! and Couponsbought and sold at best market rates. Investors or
dealers wishing to buy or sell are Invited to comraunl*c*ta with us. _Member of the New York ^tock Exchange.
STOCKS and BONDSAt Auction.
'Xhe Undersigned hold REGULAR AUCTIONSALES of all classes ol
STOCKS AND BONDSON
WEDNESDAYS AND SATURDAYS.
ADRIAN H. inUL,L£R & SON,No. 7 PINE STREET, NEW YORK.
']. D. Probst & Co.,
STOCK AND BOND BROKERS,No. 52 EXCHANGE PLACE, NEW YORK.
STOCKS, RAILROAD BONDS, GOTERNJIENTg, ANDJllSCELLANEOUS SECUKITIES, BOUOUI AND SOLD
George Eustis & Co.,
BROKERS,
CINCINNATI. OHIO.
P. F. Keleher & Co.,BANKERS AND BROKERS,
No. 305 Olive Street,
ST. LOUIS, MO.,Buy and sell Government, State, County. Townshipand Municipal Bonds. Coupons collected. MissouriBonds a specialty. Jr'oreign exchange bougnt and sold
BANKING HOUSE OF
G. W. Norton & Co.,
CASH CAPITALliaOO.OCO.,
LOUISVILLE, KENTUCKY.
Insurance.
E. S. Bailey,7 PINE STREET.
Dealing
Insurance StocksA SPECIALTY.
Cash paid at once for the above Securifles; orthey wtfl be sold on cumraission. at selier'a option.
The United States
Life Insurance Comp'y-j261—264 Broadway, IV. V.
Assets,Suri>lus,
$4.9S3.2?6 81872,484 U6
JAMES BUELI President.
LIBERAL AND IMPeRPANT CONCESSIONS INLIFE INSURANCE CONTRACTS.
Examine the new form of Policy Issued byUnited States Life Insurance Company beforeBurinR elsewhere.After the premiums for three or more years hav
been paid, upon reccivinK the required notice fromthe assured the (.'ompuiiy will continue the Policyin force without further payments, for its FULLFACE, lor such a period as the ENTIRE RESERVEwill carry it.
Should the d ath of the insured take place duringthe continued term of insurance as provided forabove, the full face t>f the Policy will be paid—nodeduction being made for fureborne or unpaidpremiums, exceptinx in the event of the dealtoccurring within three years after the originadefault.The new form of Endowment P(jlicy provides :—
That if the ENTIRE RESERVE is a greater sumthan the single premium required to carry the fullamount of insurance to the end of tlie endowmentterm, the excess shall be used as a single premiumto purchase a pure endowment, payable at the endof the term, thus guaranteeing to the policy-holdertn everv event the full viilue of his Reserve.NO SURRENDER of the Policy Is required ; only
a notice from the policy-holder, on blanks fur-nished by the Company.AFTER THRKK YEARS, ALL RESTRICTIONS
and CONDITIONS in regard to travel, residence,occupation and cause of death are removed, thusmaking the Policies, after three years, INCON-TESTIBLE FOR ANY CAUSE, EXCEPTINGFRAUD.The Company will, upon application, send Circu-
lars giving full particulars.Office of Middle Department. Boreel Building
No. 117 Broadway, N. Y., Henry W. Baldwin, Sup't.
MARINE AND FIRE INSURANCE.
COMMERCIALMutual Insurance Co.
,
Nos. 57 aHd 59 ATllllam Street.
OF NEW YORK,F.S.WINSTON, PRESIDEN"
SSUES EVERY APPROVED DESCRIPTIONO
.IFE AND ENDOWMENT POllClEI)NTEBMS AS FAVORABLE AS THOSE 01
ANY OTHER COMPANY.ORGANIZED APRIL IETh 1842.
MASS£I$0M$80,0OO,O0;
INSURES AGAIXST
MARINE, FIRE AND INLAND NAVIGATIONRISKS.
ASSETS Jan. 1, 1880 $810,804 7B
All Risks Whittex at Reasonable Rates.
W. IRVING COMES, President.
WAINWRIGHT HARDIE, Vice-Pres'l
HENRY D. KING, Tieasuier
HOMEInsurance Company
OF NEW YORK,OFFICE, 119 BROADWAY.
Flftf-Tbird Seml-annnal Statement,SHOWlXa THE
CONDITION OF THE COMPANY ON THE FIRSTBAY OF JANUARY, 1880.
CASH CAPITAL $3,000,000 00Rcseive for Rc-insurance 1,841,438 00Reserve for Unpaid Losses 248,764 81Net Surplus 1,320,783 30
Cash Assets $6,410,988 HsuraaiAKV OF asshts
Held In tlie Unitefl States, available for the PAY-MENT of LOSSES by FIRE and for the protec-tion of Policy-Uolders of FIRE INSURANCE:
Oasli in Banks *233.a99 09Bonds and mortRaKes. being first lien onreal estate (worth »4.1<1,400) 1.886,653 00
United States stocks (market value) S,184.m 00Bank stocks (market value)...... ....... »2£'i^SSState and municipal b'ds imarket value) 83i,859 50Loans on stocks, payable on demand(market value of securities «M8,592) . 418,6^0 00
Interest due on 1 st January. JBOO , H'?,'? SSBalance in hands of agents. .J 154.114 87
Real estate ,v;v .VS*.!'^ »1
Premiums due and uncollected on pou- „ „_ •
ties issued at this office e.5U7 38
Total »8,410.988 UCIIAS. J. MARTIN, President.
3. H, WASHBVRN, Secretarr*
June 19. 1880.] THE CHRONJCLE.
Inouruiice.
OFFICE OF THE
ATLANTICMutual Insurance Co.
}
New York, Jonnarjr 24, 1880.The Tnistooe, In coufonnlty to tUo C'liarUjr of
the Company, submit tho folIowUiB Statomeutof Its affaire on tho 3l8t December, laT'J
:
Premiums received ou MurineRisks, from 1st January, 1878,to 31st December, 1879 $3,600,060 58
Premiums on Policies not niark-
edoff 1st January, 1879 1,071,081 01
Total amount of Marino Pre-
miums $5,371,048 49No Policies have been Issuedupon Life Risks; nor uponFire dleconnocteiJ with MarineKisks.
Premiums marked off from Ist
Januarj', 1879, to 3 Ist Decem-ber, 1979 3,875,101 26
Losses paid during the same
'
period 1,524,331 04Bcturns of Premiums and Ex-penses 840,730 77
The Company has the following Assets, vir.:
United .States and State of NewYork Stock, city. Bank, andother Stocks $8,875,558 00
Loans secured by Stocks, andotherwise 1,307,900 00
Kcal Estate and claims due tho
Company, estimated at 500,000 00Premium Notes and Bills Re-
ceivable 1,522,820 35CashiuBank 231,455 16
Total Amount of Assets $12,437,739 51
Six per cent Interest on tho outstand-
ing^ certificates of protits Avill bo paid to the
holders thereof, or their IcRal repi-esentatlvea,
on and after Tuesday, tho 3d of February next.
Finy per cent of the OutntandlneCertificate* of tho issue of 187G, will be
redeemed and paid to the holders thereof, or
their legal representatives, on and after Tues-
day, the 3d of February next, from -which date
Interest on the amount so redeemable will
cease. The certlfleatcs to be produced at the
time of payment, and eanccled to the extent
paid.
A Dividend of Forty per cent is de-
clared on tho net earned x>rumiums of the Com-panj-, for the year ending 31st December, 1879,for which certlfleatcs will bo issued ou and after
Tuesday, tho 4th of May next.
By order of the Board,
J, H. CHAPMAN, Secretary.
Sieanthlpi.
TRirSTEEStJ. D. Jones,
Charles Dennis,
W. n. H. Moore,
Lewis Curtis,
Charles H. Russell,
Jaraes Low",
David Lane,
Horace Gray,Edmund W. Corlies,
John Elliott,
Alexander V. Blake,
Robert B. Mlnturu,
Charles H. Marshall,
George W. Lane,
Gordon W. Bnmhom, Edwin D. Morgan,
A. A. Raven, Robert L. Stuart,
Wm. Sturgis, James G. Do Forest,
Adolph Lcmoyne, Frederick Chauncey,
Beu^amln II. Field, Charles D. Lcverioh,
Josiah O. Low, William Bryco,
WUIiara E. Dodge, William H. Fogg,
Royal Phelps, Peter V. King,
Thomas F. Youngs, Thomaa B. Coddlngton,
C. A. Hand, Horace K. Thurber,
John D. Hewlett, William Degroot,
William H. Webb, Henry CoUlns,
Charles P. Burdctt, John L. Biker.
J. D. JONES, President.
CHARLES DENNIS, "Vice-Pre«ldent. A
W. H. H. MOORE, 2d Vice-President,
, _ A. A. BAYEN, 3a Yi»«-I^»ld«atiy )
O N L ¥Direct Line to France.
OENEBAL TRANSATLANTIC CO.
Between New York and Harre.From Pier (new) No. U .Sorth ltlT«r, foot of Morton
nlre«t.TroTelem brtliln Mm- mrold both trwialt bj Km-
linh ItallwMjr itnd ttiu ill»com/urt« of ctomIoii tb«Cliunnel Id « niuall Ixmt.('ANAI)A. KrunKUul Wed.. Jane «». 9 V. M.LAIIKAlxiK. Suimller Ww).. Junr iXI. .Sixin.
ST. l.AUBCJM-. ranUtlll Wed.. Juljr 7. 5 P. M.I'Kll'E OK PA8HAOR, (Inolodlnii wins; .
To Uavre-Klrat ubln. 1100 and tS). Hteerace.I^K Includlnic wine, heddlnff and utenslli.ICeturn tlokeiaat rerjr reduced ratei.Clieclu drawn on Credit Lyonnala of Parli in
amounts to suit.
Mediterranean Serrlre.Steamer* will leare New York direct for Bordeaux
and Marseilles every month a« follows
:
CaI.UKRA AbouiJulr 17riSUI>l.NA.NI> DKI.KSMKPl) About Auitust 17VII.I.K l>K MAllSKIl.l.KThrouKh iillls uf ludlng granted for Spain. Italy
and Algt-'rlii.
IMUCK OK PA!J«*OE TO DIRECT PORTS :
Klrsicubln, tioo steerace. 132.
LOUIS DB BKBIAH, AffenH6 Bovrllnc Green.
Atlas Mail Line.Our Asplnwall steamers form close connection at
Puimiuu with the nteumers of the PacUlo SteamXuvlKuiioi) Ctmipany, bc'lnK the quickest and moatdirect service between Now York and tbe west coastof Stmth America. Siill from pier 61 Nortb Klver.Kiir KiNOSTo.v. Savanilla and Cauthagkna :
ATLAS June aiAII.SA July 8
For Kl.VUSTON. 8AVAMLI.A and GHKVTOWS :
ATHOS July 88KorPOKTAU Piiinei!. AiixCAyi5sandjAc.MiL:
ANDES JulyTI ALPS July81For POKTO KlOO :
ETNA JulT 14ICLAIUBei<tor HAVTiandMAKACAIUu:
ARRAN July : I I10U88A July S3Superior accommodntlun fur Mrst-class passengers.For freight or pusiiage api)ly to
Plil, FOKWOOU i CO., General Agents.No. 31 Wall Street.
Commercial Cards.
Commercial Curd§
Russell & Co., China,Commission Mekcbants a.vd Snip Aokntc.
Hong Kong, Cnnlon, AmoTt Foechow.iSbanvbat and Hiiukow.
Agent in America, S. \V. POMEROT, Jr.New Yurk Office, 58 Wall Stkikt.Boston Office, M Ck.ntkal Stueet.
Brinckerhoff, Turner
& Co.,Hanafaciurert aad UeaitrB Id
COTTONSAILDUCKAnd all kinds ot
COTTON CANVAS. FKLTING DCCK, CAR COVKBU>», BAOOINO. RAVENS DCCK, SAIL TWINES
AC. " ONTARIO ' SKAMLEBS BAOS,"AWNING STRIPES."
Also, Agenu
United State* BnntinK Companr.A fall supply all Widths and Colors always In stock.
No. 109 Dnane Street.
George A. Clark & Bro.,
inil.'n'ARD^S HKLIX NEEDLES400 BROADWAY. NEW Y'ORK.
^iu\ Wtm*OOLD MEDAIi, FABI3, 1878.
IIi3 CeUbratMi yum}>^rfif
303-4O4- 1 70-36 I -332,and his othtr 8tyUs via;/ be had ofall dealers
throughou t the world,
Josepll Qillott & Sons. New Tork.
E.R.MudgCjSawyer&CoWaablnartan Mllla,'VMm^** nik. Co.
Burllnslnn Wovlen V».,Bllerton New JHIIU,
Ailaalle Cotton Mllla,Saraloca VIrtorjr .Hfk. < o., uccan mila
AM,lloelerir, Nblria an4 Drawers
^ KEWTOR'Jr.~'''^-"'W«)»,«*« W-.T.'?fi«I7^,^^/««-» 4,
J. w. DAVTOM. t& Cmwrnnbr tianr.
CoUon.WM. MOBB. CLXuniruoaBB. H. W.HAa«MA>
Son of J. T, Ilanenialate of Knoop, Hanemann A
Mohr, Hanemann & Co.
COTTOX BROKERS,138 PEABL STBEB
NEW TORK.Special attention given to tbeezecvUonDEK8 rOB FUTURE CONTRACTS.
H. W. & J.H. Farley,
COTTON FACTOHS,COMMISSION MEKCUANT8,
AXD
FINANCIAL. AGENTS1113 Pearl Street,
F. O Box 3,90«. New York.Advances made on Conilgamcnu.Special personal attention to the purchase aa« sale
Of '• CONTRACTS rou FUTl RK UBLIVERV OFCOTTON.
,
Geo. Copeland & Co.,COTTON BROKERS,
I3« PBAR I. STKBET. NEW YOBK .
E. S. Jemison & Co.,BANKERS
AND
COTT0N COMMISSION MERCHA>'TS
No. 10 Old Slip, New York.
XOODT & JEMISON, Galreston, Texas.
Wm. Felix Alexander,
COTTON BROKER,
AVGtrSTA, GEORGIA.Entire attention glren to purchase of COTTON e*
ORDER for SFINNEBS and KZl^UTElia
CoamzsrosKSKCa Soucrrsn.
References .—NaUoaal Bank of Aaguta, Oeorfla
Henry Benti * Co., Commission MeretiaBta X««Tork; WIlKam B. Dana a Co, I»roprtea>i» CoaxnoiiL ASD FiXAXCLAL CBBOsicui, and other NewToik Houses.
D. W. Lamkin & Co.,Cation Factors,
TICKSBCBG, MISS.Orders to Purchase Cotton In our market toileted
Refer to Meear*. THOMAS J. SI.ACGUTEKNew Tork. ^John F. Wheless & Co.,
COTTON
oonnissioN merchantsNASHVIIXK, TKXNKSSEK.
Special attention given to Spinners' orders. Cerr*.spondrnce solicited. _t .. ., „, i,„wRiirxu.tcu.-Ttilrd aad Founh NaUoaal .Baak
aaa Proprietors of Tbb Cbboxiclb.
Vi IHK CHRONICLE. [Junk 19, 1880.
Cotton.
Woodward & Stillman,SEAMEN'S BANK BUILDING,
N<js. 74 & T6 Wall Street,
NBW TOIIK.
GENERAL COMMISSION MERCHANTS
JiOXNS ITIiDB »N ACCEPTABLESEruuiTir.
liiboral udvances mado on Consignments.
Special attention paid to the execution of orders
tfor the piirchflBc Dr sale of contracts for future
.delivery of cotton.
i lenry Hentz & Co.,G E N K R A L
«oininissioN itierchants,8 Soam William St., New fork.
Adrances made on Consignments to
Messrs. JAMES FINI.AY tc CO.,
UVKRPOOL, LONDON AND GLASGOW.Jilso execute orders for Merchandise through
JHe«sr8. FIN LAY, mUIR ic CO.,
CALCUTTA AND BOMBAY.
FUTUUE CONTRACTS FOR COTTON bought
and sold on Commission in New York and Liverpool.
Fielding, Gwynn & Co.,
COTTOIV FACTORS
JiHD
COMMISSION MERCHANTS,
140 Pearl street, N. ¥.
Dennis Perkins & Co.,COTTON BROKERS,
IIT Pearl street. New IforU.Orders for Spot Cotton and Futures promptly exe'
coted
R. M. Waters & Co.,MERCHANTS AND BANKERS,
(4 BROAD STREET, NEW YORK.Lib'^ral Advances made on COTTON in Store.
H. Tileston & Co.,COTTON, STOCKS, BONDS, &c.,
25 WILLIAM STREET, NBW YORK.Orders in " Futures" executed at N.Y. Cotton Excb.
HSNKY H. WAP.E. QlLLIAT SCHKOEDEK
Ware & Schroeder,
COTTON COMMISSION MERCHANTS,
111 Pearl Street, New York.
Special attenlicn paid to the eiecutlon of ordera
for the purchase or sale of contracts for future de-
livery of cotUm. Liberal advanceB made on con-
fliKnments.
WALTER & KROHN,COTTON BROKERS,
63 BEAVER STREET, NEW YORK.
James F.Wenman& Co.
,
COTTON BEOKEH&,Ro. 146 Pearl Street, near Wall, N. 1.
Batabllshed (In Tontine Building) 1841.
Bennet & Foulke,
COnSIISSION MERCHAIVTS,A3I PEARIi STREET,
MEW YORK.
Special attention given to tne execution of orders
lor the purchase or sale ol Contracts for FuturedeliTery.
Cotton.
INMAN,SWANN&CoCOTTON
COMMISSION MERCHANTS,Cotton Krchangre Building,
101 Pearl Street. New Vork.
LOANS MADE ON
SOrTUER.V SECURITIES.
B. F. BABCOCK&CO.COMMISSION MERCHANTS,
IT Water Street, LIVERPOOL,Receive consignment* of C'^ttnn and other Produce,
and execute orders at the Kxchantres in Liverpool.Represented In New York at the oiHce of
BABCOCK BliOTHEKS & CO.,
50 Wall Street.
Waldron & Tainter,GENERAL COTTON JTEERCH ANTS,
97 PEARL STREET, NEW YORK.' Future " orders executed at N. Y. Cotton Exch'ge
mUcellaiieoiis.
Whiting Paper Co.,HOLIOKE, iriASS.
Bankers* r,eclsrci' aud Record Papers.Macliiue Haud-]>lade Papers,Antique Parchmeut Papers.Plated Papers.Boud Papers.
AG BNT8;JAMES n. WniTITfORE & CO.,
45 BEEKMAN STREET. NEW YORK.
Works atOrient, L. I
'Eureka"" Orient."
The Atlantic & Virginia
Fertilizing Co.offer their standard brands
Ammoniated Bone Scpeephospuate of Lime,AND
'<ORIKNT COMPLETE MANURE."And want a good workiuK agont in every thrivingcotton-growing county. Apply (with refereuce) to
W. O. CRENSHAW, Pres't,Crenshaw warehouse,
Rlcbmond, Va.
John H. Iselin & Co.,MEMBERS CHICAGO BOARD OF TRADE.
OPTIONS BOUGHT AND SOLD.NEW YORK OFFICE,
No. 35 BROAD'WAir.Orders left with Messrs. ISELIN & BARKER
No. 14 Broad St., will receive immediate attention.
C. GONRAD & CO.,ST. LOUIS.
Branches in Leadvfllk, Buena Vista and Girx-Nisox City, Col.; Dallas and Houston, Tex.
Sole Proprietors of the " Orisinal Budweiser.'*.Trademark registered in 1817-
BUDWEISER JLAOERBEGRyIN BOTTLES,
made from imported Saazer Hops and choiceBohemian Barley, universally acknowledged thebest and healthiest Beer in the world. Warrantedto keep in all climates. Agents wanted in all towns.
Ask yoxtr Orocer for Conrad^s Budweiser.
Wire Rope.STKELAND CHARCOALIRON of superior quality
suitable for MINING ANDHOISTING PURPOSESInclined Planes, Transmis-
n of Power, &c. Also,,
alvanized Charcoal andjBB for Ships' Rigging, Sus-ension Bridges, Derrickuys. Ferry Ropes, Ac. Aarge stock constantly onhand from which any de-sired lengths are cut.FLAT STEEL AND IRON1U)PES for Mining pur-poses manufactured to or-
JOHN W.der.
CO.,43 Bronawiir, New ITork*
Cotton.
Robert Murdoch,COMMISSION MERCHANT,
J 11 Pearl Street, New York.
1 iboral advances on consignments of Cotton forSale in Now York or Liverpool. Especial atteatlongiven to Sale and Purchase of Future Contracts,
both in New York and LIVERPOOL, on reasonableterms, and profits paid as soon as realized in either
market.
Leumas, .a =bah\h & Co., Lehman, Dube & Co,Xew C.-lRans, La. Montgomery, Ala.
LEHMAN BRO'S,
Cotton FactorsAND
COnilVISSION niERCIIAXTS,
40 EXCHANGE PLACK.
Jle-w York.»«rQers executed at the Cotton E.xchangea In New
Yt,i-k and iji*crpc?l fcad viwttsa9» made on Cottonand other produce consigned to us, or to our corre-
spondents In Liverpool, Messrs. jJ. Newgasa & Co.aud Messrs L. Rosenheim & Sons.
Insurance.
^TNAInsurance Company
OF HARTFORD.Total Assets, January 1, 1879 J6,914,l« 79Capital 1:^900,000 00Re-insurance fund. ... 1,617,189 85Unpaid losses, etc... . 851,499 00— 4,868.683 85
NET 6UR°LUS, Jan. 1, 1879.. $2,045,458 94No. a Cortlandt St., New York.
JAS. A. ALISXAIVBBR, Agent.
North British
& Mercantile Ins. Co.
LONDON AND EDINBIJR«;0.United Stales Board of Management,
NBW TORK
:
SOLON HUMPHHErS. Ch'r'n,(B. D.Morgan & CoDAVID DOWS, Esq. (David Dows & Co^E. P. FABBKI, Esq. (Urexel, Morgan & Co.)Hon. S. B. CHITTENDEN.EZR.\ WUITE. Esq.J. J. ASTOU, Eeq.
CHAS. E. WHITE, SAM. P. BLAGDEN,MANAGERS,
Ofllce 54 TriUiam St., New ITork.
Liverpool &London & Globe
Insurance Company^
45 William St.JAMES E. PUL8F0ED, Resident Manager. 1
HENEY W. EATON, Deputy Manager.
GEO. W. HOYT, Asst. Deputy Manager.
LyOmmercial
Union Ins. Ca(OF LONDO.V),
ALFRED PELL,Resident Manager.,
Sr & 39 Wall Street