june 22, 1878, vol. 26, no. 678ramae hunt'smerchants'magazine. |i^^ufelygew 151ijaire»,...

ramaeHUNT'S MERCHANTS' MAGAZINE.

|i ^ûfely gew 151 iJ aire »,

REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES

VOL. 26. NEW YORK, JUNE 22, 1878. NO. 678.

Financial.

THB

National Bank-Note Co.,

ONCORPOEATKD KOVEMBKR, 1859.)

OFFICE, No. 1 WALL STREET,

NEW YORK.EHSB^TEBS 01* THK "^

Onited States Bonds, Notes, Cnrrenoyand National Bank Notes.BNSRATiNa AHD PsiN'mia or

BiNK-NOTES, STATB AND RAILROAD BONDS.

POSTAOE AND BETENtTB STAMPS,

CERTIFICATES. DRAFTS, BILLS OF E.10HANGI,AND COMMERCIAL PAPERS,

in the highest stylo of the art with tpteiat t(i^t'

tPMrda deviBed and pattnttd, to prerent counterleitiag and alterations. <

This Company engraves and prints bonds, postaga

Itamps and paper money for various foreign

Uovcmments and Banking Institutions—South

American, European, West India Islands, Japan, &e.

CotnmunieaHona may beaddretteii to thttCompany in any language,

J. H. VAN ANTW ERP, Pres't.

J. MACDONOIGH, VIce-Pres'UA. D. SHEPARB, Treasurer.JNO. E. GURBIBB, Secretary.

Asa F. Fottzb, Frest. Sah'l PniLLips, Cashier.

Maverick National Bank,BOSTON

Capital,Surplus,

$400,000' 300,000

Special attention given to COLLECTIONS, andprompt remittances made on day of payment.Boston business paper discounted. Correspondence

I nvited.

R. A. Lancaster & Co.,BANKERS AND BROKERS,

6G BBOADAVAV, NEW YOBK,DZALER8 IN

First-Class Investment Securities.GOVERNMENT BONDS. STATE. ClTT, COUNTr,RAILROAD & MlSCELLANEOrs SECI7RITIE8

Bonght and Sold on Commission.

Virginia Tax-ReceitabU Covpons Bought.

sovruEns securities a specialty.LOANS NEGOTIATED.

A. H. Brown & Co.,Bankers and brokers,

7 \KaXl St., Cor. Neiv, New Ifork.

INVESTMENT SECURITIES.

Special attention to boalness of country banks.

Charles G. Johnsen,

:nERCUA>T AJiD BAXKER,

166 onAVIKR STREET

NBW ORLEANS IiA

Financial.

Jesup, Paton & Co.,BANKBRS,

53 William Street, New York.

Accounts and Agency of Banks, Corporatloas,

firms and Individuals received upon favorable terms.

Dividends and Interest collected and remitted.

Act as agents for corporations In paying coaponsand dividends, also as transfer agents.

Bonds, stocks and securities bought and sold oncommission.

Sound railroad and municipal bonds negotiated.

Funds carefully invested In Western farm mort-

gages, and the Interest collected.

Wood & Davis,BANKEKS AND BROKERS,

No. 31 PINE STBEET, NEW YORK.GOVERNMENT BONDS, MUNICIPAL ANDRAII^

ROAD SECURITIES BOUGHT AND SOLD ONCOMMISSION.C. D. Woon. Sak'l D. Davis.

J. H. HAAB. J. HKNOSTLKB. C. 7. KtTKBNEUUNDT

Haar & Co.,BANKERS AND BROKERS,

45 WALL STREET.DEALERS IN SPECIE AND UNITED STATES

SECURITIES. Buy and sell Stocks, Bonds, and Goldfor cash or on margin. Sptclal attention paid toorders for Investments.OltDEKS EXKCLTED AT THE PHILADELPHIA

AND BOSTON STOCK EXCHANGES

Grant & Company,BANKERS AND BROKERS,

No. 33 IV A I. I. STREET,THANSACT A GENERAL BANKING BUSINESS.

STOCKS BOUGHT AND SOLD ON ."MMISSION.

INTEREST ALLOWED ON DEPOSITS.

P. SciDiM Gbaht. O. St. Jobs Suev eld.

J. N. Petty. 8/B. Bostwice.Member N.T. Stock Exchang:^.

Petty & Bostwick,

13 BROAD STREKT, NEYT TORK.Stocks, Bonds, Gold and Government Securities

bought and sold for cash or on margin.

Southern and WestGrn State, Municipal and IâU-

road Securities made a specialty.

Mining Stocks bought and sold at New York andSan Francisco Exchanges.Correspondence solicited.

HilmerSjMcGowan & CoBROKERS m

FOREIGN EXCHANGE AND GOLD,63 Wall Street, New York.

(P. O. BOX U.S47.)

Special attcRtion paid to the negstlatloB «f Commerclal kills.

Hatch & Foote,BANKERS, No. 13 WÂLL STREET,

Binr Ajro sell

OOVKRNMENT BONDS, GOLD. STOCKS ANDMISCELLANEOUS SECURITIES.

Financial.

J.S. Kennedy & Co.,

BANKEBS AND IQEBCHANTS,41 CEDAR, C(JR. WILLLAM ST.,

New York.Buy and sell Railroad Investment Securities. Col-

ect Coupons and Dividends. Negotiate Loans anddraw Bills of Exchange on London.Agents for the sale of STEEL KAILS made by the

Cambria Iron Companj,JOBNSTOWN, PESN.,

AND THE

Edgar Thompson Steel Co. (Limited),

P1T7SBVH0H, PENX.All business relating to the Construction and Eqnlp-

raent of Railroads undertaken.

R. T. Wilson & Co.,BANKERS AND COMMISSION MERCHANTS,

2 Exchange Court, Neiv York.

WALSTON B. BEOWS. rBKD. A. BBOWII.

Walston H. Brown&Bro.BANKEBS,

34 Pine Street, New^ York.

SPECIAL ATTENTION GIVEN TO THE NEGOTIA-TION OF

RAILROAD SECURITIES.NEW YORK,

lai Pearl Street.BOSTON.

TO State Street.

GOSSLER Sc Co.,OOBBE9POXDENT8 OF

International Bank or HambDrg andLondon, (Limited.)

HOUSE IN EUROPE,JOHN BEBENBERG, GOSSLER Sc CO

HAMBURG.

Gilman, Son & Co.,BANKERS.

63 CEDAR STREET,

Tn addition lo a General Ba- king BuMncss. buy and

sc'.I Government Bonds and Investment Securities.

Gwynne & Day,[Established 1394.] No. 16 Wall Street.

Transact a general banking and brokerage business

In Railway shares and bonds. Government secnrltlei

and Gola.

Interest allowed on deposits.

Investments carefully attended to.

Kountze Brothers,

BANKEBS,13 WALL STREET, NEW YORK,

Issue Letters of Credit, available in all parts of tha

world : also. Time and Sight Bills on the UNIOK

BANK OF LONDON. Cable Transfers made.

McKim Brothers & Co.,BANKEKS,

47 WaU Street, New VorK.

THE CHRONICLE. [Vol. XXVL

Foreign Exchange.

Drexel, Morgan & Co.,WAI.Ii STREET,

COKNEB OF BROAD, NEW YORK.

Drexel & Co.,

No. 31 South Thibd St.,

Philadelphia.

Drexel, Harjes & Co

31 Boalevard HaaBsmanc

Paris.

DOMESTIC AND FOREIGN BANKERS.Deposits received BUbject to Draft. Securities, Gold.

Ac, bought and sold on Commiseion. Interest alloweron Oeposits. Foreign Exchange. Commercial Credits

Cable Transfers. Circular Letters for TraTelers.

available In all parts of the world.

Attornktb and Agents of

RlesRrs. J. S. inORGAN & CO.,No. 82 OLD BROAD ST.. LONDON.

Brown Brothers & Co.,N*. 59 W^ALI. ST., N. ¥.,

iMue, against cash deposit, d, or satisfactory guaran-

tee of repayment. Circular Credits for Travelers, in

dollars for use in the United States and adjacent

countries, and in pounds Stirling for use In any part

of tlie world.

THEY ALSO ISSUE COMWKERCIAL CREDITSMAKE CABLE TRANSFERS OF MONET BE-

TWEEN THIS COUNTRY AND ENGLAND, ANDDRAW BILLS OF EXCHANGE ON GREATBRITAIN AND IRELAND.

S. G. & G. C. Ward,'AGENTS FOB

BARING BROTHERS &. COJTIPANV,

62 WALL STREET. NEW YORK.

28 STATE STREET, BOSTON.

^^ J.Stuart & Co.,

33 NASSAV STREET.

BILLS OF EXCHANGE ONSnilTH, PAYNE Sc SlttlTH'S,

BANKERS, LONDON ;

raANCHESTER & COUNTIT BANK,• LIMITED"

;

JOHN STUART &. CO., Bankers,MANCHESTER, PAYABLE IN LONDON ;

ULSTER BANKING COmPANT,BELFAST, IRELAND

AND ON THENATIONAL BANK OF SCOTLAND.

ALSO,

CABLE TRANSFERS AND LETTERS OF CREDIT

Canadian Banks.

Bank of Montreal.

CAPITAL,SURPLUS,

• $12,000,000, Gold.

5,500,000, Gold.

J.& W. Seligman & Co.,

BANKERS,59 EXCHANGE PLACE,

CORNER BROAD STREKT, NEW lORK.

Issue Letters of Credit for TraTelers,

Payable in any part of Europe, Asia, Africa, Australia

and America.

Draw Bills Of Exckange and make telegraphic trans*

fers of money on Europe and CalHornia.

John Munroe & Co.,No. 8 "Wall Street, New Vork,

No. 4 Post Office Square, Boston.CHEQUES AND CABLE TRANSFERS ONraUNROE & CO., PARIS.

STERLING CHEQUES AND BILLS AT SIXTYDAYS' SIGHT ON

ALEXANDERS & CO., LONDON.

CiBOirLA.It N0TS8 Ain> Gbsdits fob Tbatzlxbs.

Knoblauch& Lichtenstein,BANKERS,

89 William St., cor. Exchange Place,NEW YORK.

Make Telegraphic Money Transfers.

Draw Bills of Exchange and Issue Letters of Credit

all priiicipal cities of Europe.SPECIAL PARTNER,

DEUTSCHE BANK. Berlin.

G. Amsinck & Co.,IfiO Pearl Street, Nenr Tork,

ASXNTB FOB TH»

tONDON AND HANSEATIC BANK,OiiianD),—LONDON.

QEOBQE STEPHEN, President.

R. B. ANGUS, General Manager

NEW YORK OFFICE,

Nos. 59 &, 61 TTALL STREET.C. F. Smitheks, ) A „„,.Waltee Watson, J

-a-genis.

Bay and sell Sterling Exchange, Francs and Cable

Transfers; grant Commercial and Travelers' Cred-

its, available in any part of the world ; issue drafts

on and make collections in Chicago and throughout

the Dominion of Canada.

London Office, No. 9 Blrchln Lane.

AGEIVCK OF THE

Bank of British

North America,No. 52 WALL STREET.

Commercial Credits Issued for use In Europe, China,

Japan, the East and West Indies, and South America.

Demand and Time Bills of Exchange, payable In

London and elsewhere, bought and sold at current

rates; also Cable Transfers.

Demand Drafts on Scotland and Ireland, also on

Canada, British Columbia and San Francisco. Bills

Collected and other Banking Business transacted.

D. A. MacTAVISH.J ..„.tsG. M. MORRIS, }

Agents.

Canadian Banks.

The Canadian

Bank of Commerce,No. 50 \rALL STREET.

Capital,Surplus,

$6,000,000 Gold.$1,900,000 Gold.

Buys and Sells Sterling Exchange, and makes CableTransfers of Money,issues Commercial Credits available everywhere.

. l". h'. GOADB^. }Agents.

Merchants' BankOF

C A Sf A D A.Capital, - - - $5,461,790, Paid Up.President, the Hon. JOHN HAMILTON.

Vice President, JOHN McLENNAN, Es<J.

HEAD OFFICE, MONTREAL.GEORGE HAGUE, General Manager.

WM. J. INGKAM, Asst. General Manager.

BANKERS.LONDON. ENQ—The ClydPsdale Banking Co.NEW YORK—The bank of New Yorn, N. B. A.

National Bank of the liepuullc.

The New YorK Agency buys and sells Sterling Ex-change, Cable Transfers and Gold, Issues Creditsavailable lu all parts of the world, makes collectionsin Canada iind etsewbere, aid issues Drafts payableat any of the ottlces of the bank In Canada Demanddrafts Issued payable In Scotland and Ireland, andevery liescrlptlon of foreign banking busluess under-taken.

New 'Tork Agency, No. 52 W^llllam St.,

with racftsrs. JESUP, PATON Sc CO.

Exchange BankOF CANADA.

Capital Paid Up $1,000,000.

HEAD OFFICE, MONTREAL.

M. H. QAULT, Pres't. C. R.:MURRAY, Cashier-

SRUfCHES:Hajoltoh, Ojtt.; Atlmke, Out,; Pabk Hill, Oirr.;

Bbdfoed, p. Q.

AGENTS:QUEBEC (CITY) .-Owen Murphy.NOVA SCOTIA.—Merchants' Bank of Halifax.

FOREION AGENTS

:

LONDON.—The AJliance Bank (Limited).

NEW YORK.—The National Bank of Commerce.Messrs. Hllmers, McGowan * Co.

CHICAGO.—Union National Bank.BUFFALO.-Bank of Buffalo.

Sterling and American Exchange honght and sold.

Interest allowed on Deposits.

Collections made promptly and remitted tor at low-

est rates.

Imperial Bank of CanadaCapital, $1,000,000.

H. S. HOWLAND, President ; D. A. WILKIE, Cashiel

HEAD OFFICE, TORONTO.BeaKCHBS :-ST. CATHERINES, PORT COLBORNE,

ST. THOMAS, INGERSOLL, WELLAND.

Dealers in American Currency and Sterling Exchange-

Agents in London:BosANQtmT, Salt & Co.,

93 Lombard street.

Agents In New York:Bank of Montreal,

59 Wall street.

Promptest attention paid to collections payable inany part of Canada.Approved Canadian business paper, payable in gold

or currency, dlst^ounted on reasonable terms, andproceeds remitted to any part of the United States bygold or currency draft on New York.

I

The Bank of Toronto,CANADA.

Capital, $2,000,000. Reserve, $1,000,000.

HEAD OFFICE, 1 0RONTO.DtiNOAN CouLsoN, Cashier ; Hugh Lbach, Asst. CashBranches at Montreal, Peterboro, Cobourg, Port Hope

Barrie, St. Catharines, CoIIlHgwood.BAN KEKS:

London, England.—The City Bank.KT,„ [-„„,, i National Bank of Commerce,NBW YoEK.

j ^. p sniithers and W. Watson.Collections made on the best terms.

Foreign Bankers.

Banque

Centrale Anversoise,

Antwerp.

Paid-Up Capital, • 9,000,000 Francs,

BOARD OF SIBECTORS

:

FiLix GmsAB, President., „, „

ALRKKD JiAQtiiNAY (Graffl& Moqulnav), Vice-Prcs.

J. B. Von tek Becke (B. Von der Becke).Otto Guktuee (CoruelUe-David).Ehue de Gottal.

, , . „, ,

Ad. Feank (Frank, Model & Cle.)

Atio. Nottebohm (Nottebohm Freres).

Fb. Dhanis (MlcblelsLoos). .

Jon Dan. FnuKMiNN, Jr. (Joh. Dan.Fuhrmann).Loots Webes (Ed. vieber&Cle.)Jules Ractknsteai. ch (C. Schmid * Cle.)

TRANSACTS A

GENERAL BANKING BUSINESS.

Adolph Boissevain & Co.BANKERS

AND

COMMISSION MERCHANTS,AMSTERDAM, HOLLAND.

N. Y. Correspondents.—Messrs. BLAKE BROS. & CO

Henry S. King & Co.,BANKERS,

45 Pall Mall, Loudon, England.

Issue CIRCULAR NOTES /»•«<! ij/ cAarff«, STailablo

in all parts of the world.

Grant COMMERCIAL CREDITS for use agalntl

Consignments of Merchandise.

Execute Orders on the London Stock Exchange.

Make Collections on all Points. Receive Deposit

and Current Accounts on favorable terms, and do

Qeneral London and Foreign Banking Business.

KING, BAILLIE &. CO., Liverpool.

NEW YORE CORRESPONDENTS,

Messrs. WARD, CAMPBELL Sc CO.

Boston Bankers.

Brewster, Basset & Co.,

BANKERS,No. 36 CONGRESS STRERT,

Boston, Mass.

Dealers in Stocks, Bonds, Gold and Commercial

paper.

Orders execnted on Commission at Brokers Board

Anctlons, and Frlvote Sale.

InyestmeBt Securities constantly on hand.

Junk 22, 1878J THE CHRONICLE. m

Botilon BankerN,

Oco. Wu. Utixou. Uxonei H. Holt,

Member N. T. Stock Kzchange.

«eo.\Viii.Balloii&Co8 WALL STRKKT, « DEVONSHIllK ST.,

New York, Boston,

BANKKRS AND DEALBRS Qt

Municipal Bonds.

Chas. A. Sweet & Co.,BANKKKS

40 STATE STREET, BOSTON.

•DKALBB8 IK QOVEBKMENT BECU.UTIES, Gold,

ftale. City, Coanty acd Railroad Bonds.

Parker & Stackpole,a N'KKri>i. 7« UKVON8HIRK STRKKl'

•tOSTOiS,

Kor and Sell Weateru City andCo It II ty BoiidM.

Phila. St Baltimore Bankers.

Wilson, Colston & Co.,BANKKKS AND BROKERS.

HALTIIT.OltE.INVK8TMKNT and VIRGINIA aKCUKITlBU a

ipectalty.Correspondence solicited and Inforntatlon far

«l i.ed.

N. '^. CoBssfiPONDSNTs—McRliD Brotherft A ^3.

J.Bell Austin,STOCK BROKER,

303 WALNV PLACE (316 WALNUT ST.),

P .1 ILAOEI^PHIA.OrderR to BcockM and Bondi) promptly ezeotited at

he PhUadelpt'--i and New York Boards.

Soulliern Bankers.

-THOS. p. ^ri.I.«R, W ^. WITT.tAM*. JNO. W. XILLXF,CHAS. B. HILLZR.

Thos. P. Miller & Co.,BANK BRS,

MOBILE, ALABArni.Special atreDlion paid to coUecttonA, with prompt

nmlttanoee at cnrreut rates of exchange od day of:«ftjineBt.

CorrettpondentB. — Gennau American Bank, NewYork ; Loi4ataQa National Bftnk. New Orleans ; Bankof Liverpool , Liverpool

B. B. BvBRir&s, Pree't. A. E. Wai^kxb, Cashier.

First National Bank,

CoUectloni made on lU part* of the United States

Adams & Leonard,

[BAKKBBS,

DALLAS, TEXAS.

Kev York Correspondent Moody A Jemlion

THE OITir BANK OF HOUSTON,Capital, 9500,000,

H o'u STON, Texas.We give special attention to coUectlons on all acces-

sible polnu.DiBBOTOBS.—Benjamin A.Botts. Preset: C.S.Long*

eope. W. J. Hntshlns. F. A. Rice, C. C. Baldwin, W. B.Botts. Bob't Brevster. BENJ. A. BOTTS, Presl.B. F. WGEMS. Cashier.

Western Banks.

•C. F. PkhZZL, } STATE BANK, J C. T. WaUCXBfresident. (Incorporated ua.f Cashier.

German Bank,"

I LITTLE BOCK, ABK.:CAPITAL (PAm-iH) $75,000.BuBPLCB afi,000.Prompt attention given to all hnalness In onr line.

M. T. CoBBB8Po:n>ZN-T8, Donnell, Lawsoa A Co. andtte MetropoUtu National Baolc.

Western Banks.

THE

Anglo-Californian Bank(LIMITED),

LONDON, Ucad Ofllco, 3 Angel Conrt.

SAN FRAN CISCO Office. 432 Callfomia St.

NEW YORK Agents, J. AW. Scli^man £ Co.

Anthorlzed Capital, • - $6,000,000.Paid-up and Reserve, - 1,55 0,000.

Transact a general Banking Dullness. Issne CommerclBl Credits and lllllt of Exchange, arailable In all

pa^ts of the worM. (;otiect1ons and orders for Bonds.Stocks, etc.. exei;ntftd npon the Miost favorable term*.

FRK1>'K K. LOW,( M»na»<.rslONATZ STKI NHART, 1"*"•""•

i". N. L'LIENTHAL Cathler.

The Nevada BankOF SAN FRANCISCO.

New York Agency, 62 Wall Street.

Capital, paid up.... $10,00.^,0^0 Gold.Surplusi, (invented in

U.S.BonUs) 2,500,000 "

}^g'gents.C. T. CHR1STENSE^J,CHARLES W. CHURCH,

Issue Commercial and Travelers' Credits available

In any part of the world. Draws Exchajige, Foreign

and InlanJ,ani makes Trans ers of Money by Tele-

graph and Cable. Gives specUl attention to Gold andSilver Bullion and Specie, and to California CoUcctlone and Securities ; and arranges to pay Dividendson such securities at due dates.

Bankers, London, SMITH, PAYNE & SMITHS,

do do UNION BANK OF LONDON.

d» New York, Tllc BANK of NEW YORK, N.B.A.

The Bank of California, San Francisco.

Capital, Paid up is Gold, t5,(X)0,000.

WM. ALVOKD, President. THOMAS BROWN, Cash'r.

B. MURRAY, .IB., Asst. Cashier

Laidlaw & Co.,BANKERS,

AGENTS FOB THE BANK OF CALIFORNLA,

No. li Pine St., New York.Receive deposits and transact a general banking

business ; execute orders at the N. Y. Stock Exchangefor Stocks, Government, State, Municipal and Rail-

road Bonds and Gold.

Particular attention given to the pur-chase and sale of ininlns; Stocks In SanFrancisco, for wblch we bave the bestfacilities; abo all other California Securities.

issue Bills of Exchinê. Letters of Credit and Tele-

graphic Transfers on London, Yokohama, Shanghai,

Hong Kong, Honolulu, Virginia City and San Fran-

cisco.

Bankers and Brokers.

'sV

cG Co.BACKERS,COR. OF WALL STREET AND BROADWAT,

New York.

Transact a General Banking Business, including the

purchase and sale of STOCKS, BONDS and GOLDfor cash or on a margin.

Investment Secnrltles For Sale.

p. O. BOX 2,641.

A. H. KlODBB. C. W.MCLZLU.N, Jb. W. TBABZ

Albert E. Hachfield,18 WALL STREET, NEW YORK,

nzALs nt

Flrst-Class Investment Seenrltle*,

CITY BONDS OF ALL KINDS,

Bailsoad Bosss axd Bohtiibbx Szovsmzs orALI. DZSOBIPTIOHS.

WANTED.Sonthem Railroad Bonds, ail kinds.Toledo LogaoBpprt * Burlington Oon<l.Kansas PaoUIOKailroa: uonds.Union A Lognnsport Bonds.IndunaptUs A viacennei Bonds.

Financial.

UNION TRUST CO.OF NEW YORK,

No. T8 Broadtvay, Cor. Sector St.

CAPITAL, - . -~T . . $1,000,000.

HAS SPECIAL FACILITIES FOR ACTING ASTransfer Afênt and

Registrar of Stocks.Authorized by law to act as Executor, Adintnlstra-

tor. Guardian, Receiver, or Trustee, aid Is a

LEGAL DEPOSITORY FOR MONEY.Interest allowed on Deposits, which may be made

and withdrawn at any time.N.B.—Checks on this Institution pass through ttie

Clesrlng-Housc. EOWARI) KINO, PrutHenl.J. M. MoLkan, Uf Vice-Pre^tênt.Wjc. Whitzweiout, 2d Vice Prett lent.

EXECUTIVE COMMITTEE.J. M. MCLZAN, Sahukl Willbtb,Augustus Scnztr., Wm. WiiiTZWRionT,E. B. Wksley, Geo. Cabot Wabo,G. G. WU^LIAXS, TlIZODORE ROOSEVELT.

J. H. OGILVIE, Secretary.

The Brooklyn Trust Co.Cor. of HoDtag:tie St Clinton sts., Brooklyn. N. Y.

This Cempany Is anthorlzed by special cbarit<r to actaa receiver, trustee, guardlac, execaior or admlnt**trator.U can act as agent In the sale or manaBement of real

estate, collect Interest or dlrldends, receive registryant! transfer books, or make purcbaae and sale of Qot*emn. ^nt aid etber securities.Keligioae and charitable tnatltutions, and persons

anaccuBtomed to tne transaction of bualuess, will findthis Company a safe and convenient depository formoney. RIPLEY ROPES.PresIdent.

CHAS. R MARVIN. vice-Pres t.

B!j>ga.b M. Cullsk, Counsel.TROSTEEfl:

J. 8. Rockwell, Henrv Sanger, Alex. McCnn.John P. R»Ife, Chas.'R. Marvin, A. A. Low.Thomas SulllvHO, A'>m. R. Baylls, Henry K .i^^held. intf . K. Pierrepont. Dan'] Chauncey, John T. Mnrtln,Alex. M. White. Jo»lRh O. Low. Ripley Rones,

Austin Corbin. Edmund W. Corlles.Wm. R. BnNKKR. 8«.-rpUr»

A. C. Burnham,[EstabliBhed 1861.] CHAMPAIGN, ILIi.,

OFFERS FOR SALEREAI. KSTATE FIRST ITIOBTGAOB

COUPON BONDS,In amounts of $1,000 and upwards, yielding EIGHT toTEN per cent semi-annual interest, and negotiatedthrough the bouses of

BURNHAM, TREVtCTTit HATTIS, Champaign., lU.BURNHAM <t TULLEYS, Council BluJTs, Joira.BURMIAM (ft BEYER. GrinneU, loica.BURNHAM, ORMSBY it CO., Emmetuburg, loxoa.

AH these loans are carefully made, aft«r peraonftlInspection of the security, by members of the abovefirms, who, living on the ground, know the actualvalue of lands and the character and responsi-bility of borrowers, and whose experience In the busi-ness for the past SIXTEEN YEARS has cnablod themto give entire satisfaction to Investo rs.

A Solid TenPer Cent.OLD AND TRIED.

Bonds, Stocks, SAVINGS BANKS EVEN, provebrittle reeds. The old CENTRAL ILLINOIS L,OANAGKNCY stands unmoved amidst the storm, if youwish Investments AltcOLUiELY SAFE IN ANYCON'TINGENCV, addresf*. for circular—" Actuary ofKANSAS, MISSOURI * CENTRAL ILLINOIS LOAMAQKNCT," Jaoksoitville. III.

Trask & Francis,BANKERS AND BROKERS,

70 Broadway & 15 New St., New YorkTransact a Oener&I Banking Business.

STOCKS, BONUS and GOLD Bought and Sold ODCommission, and carried on Margins.

Deposits Kecelved and Inteicst Allowed.

%W Accounts of Country Banks and Bankers ra

celved on favorable terms.

N. T. Beers, Jr.,

Brooklyn Stocks,

«xGAS STOCKS,WALL STREET,

Geo. H. Prentiss,

Room 23. 80 BROAO STBSBT.

GAS STOCKSA SFECIALTY.

Brooklrn Securities BouBbt and Sol4

J.Alden Gaylord,

33 WâU St., New York,DBALZB IX

ST. LOriS CITY tc COUNTY BONDSjAKD ALL CLASSBa OF

INVESTMENT * MISCELLANEOUS 8KCU1UT1KSK«(er> by |i«rmliiloB to W. S. Niclioli * Co, Bankan

IV THE CHRONICLE. [Vol. XXVI.

Financial.

THE HANOVER NATIONAl, BANKOF THE CITY OF NEW YORK. Kew York, June

)8, 1878.-DIVIDEND.—The Board of Directors have

this day declared a Dividend of THREE AND A H ALF

PER CENT, free of tax, payable on the let of July

next. The transfer books will be closed on the 20th

Inst, and will be rc-opened on July 1,

GEO. W. PE1JKIN8. Cashier.

MEXKOP01.ITAN NATIONAl, BANK,

New York, June 21, 1818 -DIVIDEND.- The

Directors of the Metropolitan National Bank have

this day declare I a Seml-Annual Dividend of FIVE

(5) PER CENT out of the earnings of the current six

months, payable en the first Monday of July next,

until which tlnie the transfer books will remain

closed. GEO. J. McGOURKEY',Cashier.

rpHE BINK OF NEW YORK, NA-

TIONAL BANKING ASSOCIATION, New York,

June 21, 1878.—The Board of Directors have this day

declared a Dividend of THREE AND A HALF PER

CENT, free from tax, payable on and after July 1.

The transfer books will be closed from 24th June

until July 6. R B. FERRIS, Cashier.

rpHE ORIENTAI< BANK, New York,

Jane IS, 187B.—DIVIDEND.-A Dividend of FIVE

PER CENT (") has this day been declare:, payable

Ju*y 1, free of all tax.

C. W. STARKEY, Cashier.

rpRABESMEN'S NATIONAL BANK,New York, June 20, 1873.-A Dividend of THEBE

AND ONEHALF PER CENT (3>i), free of tax, will

be paid on Monday July 1.

A. IIALSEY, Cashier.

WESTERN UNION TitlÊGRAPHCOMPANY, Tebascekk's Offick, New Tobk,

June n, 187..j,i^„,Ej,„^<,.«.

The Board of Directors have declared a Quarterly

Dividend of ONE AND ONE-UALF PER CENT upon

the Capital Stock or this Company, from the net earn-

ings of the three months ending June 30, Ini^tant,

payable at the office of the Treasurer on and after the

15th day of July next, to shareholders of record on

the 20th day of June.

The transfer books will be closed at 3 o'clock on the

aftemcon of the 20th Inst, and opened on ihe morningof the 16th of July.

R. H. ROCHESTEK, Treasurer.

T<HE GOtD COUPONS FROjn THEA FIRST MORTGAGE BONDS OF THE HOUSTONb TEXAS CENTRAL RAILWAY, due July 1st, will

be paid for the Company on presentation, less rebate

of five per cent per annum, byJOHN J. CISCO A SON, 59 Wall street.

TO INVESTORS.The safest place to Invest your money Is In trust

deedd on tlrst class Improved UUdoIs Farms, at one-third lowefet cash value ; teml-annual coupon notesbearing Interest at 8 and 9 per cent. Abstracts of title

accompany all notes. We give best of references asto our standing. Address

TROWEK, WAGGONER & COCHRAN,LOAN AGENTS, SOLLIVAN, ILLS.

E. S. Bailey,7 PINE STREET.

Dealings In

Insurance StocksA SPECIALTY.

Cash paid at once for the above Securities ; or tneywill ê bold on coinmUslon. at seller's option.

Defaulted Bonds.Special attention given to Compromising, Funding,

Buying or Selling Missouri County, Township andMunicipal Defaulted Bonds.Holders and dealers would consult their Interests by

conlerrlDg with us. Reliable information cheerfullyfurnished.

P. F. KEIiEHER & CO.,BANKB.RS AND BROKERS,

ST. I.OUIS.References.—Messrs. Clark, Dodge & Co., Spcyer &

Co., New York ; E. W. Clark & Co., Philadelphia.

Financial.

H. L. Grant,No. 145 BROADTTAY,

NEW YORK.

CITY RAILROAD STOCKS & BONDSBOUGHT AND SOLD.

Bee qnotatlone of City Railroads In thlt paper

First Mortgage

Seven Per Cent BondsOF THE

ROCHESTER &. STATE EI.\ERAILWAY COMPAKY.

The Rochester <fc State Line Raihoay rnns from the

City of Rochester to Salamanca, in the State of NewYork, a distance of about 103 miles. It passes

throueh the rich valleys of the Genesee and

Wyoming, a-d forms the connecting link between

the New York Central and the Atlantic & Great

Western, making it Ihe ehorte-t and mos' direct

route for all the iêw England business comirg

from the Sonthweetern States. A pipe line for

tiansporling petroleum oil has been cons.ructed

from the Bradford Oil Regions to Salamanca, and

upward of 65 care i f oil per day pass over the

road. The company is under thl same cortrol as

the New York Central, and is already earning a

[urplns over the interest on its bonded debt. The

City of Rochester invested a large amount in the

Capitil Stock of Ihe Company at par, in order to

secure a shorter line for a coal supply, and upward

of one hundred thousand tons of coal ycr annum

will pass over tliis road to the city of Rochester

alouc. The locjil business is very large, a? the road

passes through thirty towns between Rochester

and Salaman a, in v hich there arc eleven flouring

mills besides various other manufactories. The

bonds are a first morlgage lien, at the rate of (20,OC0

per mile, uj-on the road and its equipment. Weoffer for sale a limited amount of these Bonds at 90

per cent and accrued interest.

WALSTON H. BROWN & BRO-,

34 Pliie Street.

^ 1 00,0008 Per Cent Ohio First

Mortgage Bonds,

RlJXiVIXG FIVE YEARS.

Eecnred by Trust Deeds of well-improved Farms"

situated In the rxhest agricultural counties of

Ohio, and which can be sold for three or fonr times

the amount we have loaned on each.

Interest payable sjmi-annnal'y at our offce In

Boston or New York.

Bonds $500 and Jl.OW, Coupon and Registered,

on hand for immediate delivery. The security is

absolutely peifect.

GEO. Wm. B4LLOI; & CO.,

BANKERS,

8 ^VALl, STREET, NEW YORK,72 DEVONSHIRE STREET, BOSTON.

Texas Bonds.STATE, RAII^ROAD, COUNTY AND

MUNICIPAI. BONDS,B C U OBT AND SOLD.

TEXAS LANDS AND LAND SCKIP FOR SALE.

Correspondence Solicited.

J. C. CHEW, 29 Broadway.

WANTED

:

Alabama, Sontli Carolina k. IioulsianaState Bouds;

New Orleans Jackson Sc fit. Northern,MIsalsslppI Central, and mobile

6c OIilo Railroad BondH ;

City of New Orleans Ronds.liEVY &, BORG,

36 WALL STREET.

Wanted MoneyTO LOAN ON APPROVED SECURITY IN

IOWA, NEBRASKA AND DAKOTA.10 TO 12 Per Cbnt Guaeanteed.

FOR SHE.A Choice lot of Lands In different part* of the

West. Also, Western Securities. A Choice Invest-ment. Address, for full particulars,

D. H. TAI.BOT,General land. Scrip and Warrant' Broker,

Sioux City, lonra.Reference.—First National Bank, Sioux City, Iowa,

Financial.

Delaware and HudsonCanal Company

FIRST OTORTGAGF, 4C-YEAR, 7

PER CENT BONDS.

PENNSTLYASIA DIVISIO.V.

PRINCIPAL DUE 1917 ; INTEREST, MARCHAND SEPTEUBER; COUPON BONDS

OF tl.OOO EACH ; REGISTEREDBONDS OP $5,000 BACH.

UNION TRUST CO. OF N. Y., TRUSTEES.

THESE BONDS ARE SECURED BY A FIRSTAND ONLY MORTGAGE ON ALL THE PROP-ERTY OF THE COMPANY IN THE ST.\TE OFPENNSYLVANIA, INCLUDING THE CANAL,RAILROADS. MINES, COAL AND OTHERLANDS, ROYALTIES, ROLLING STOCK,LEASES, CONTRACTS, &c.

AT THE STOCKHOLDERS' MEETING IN 1877,

Messrs. JOHN V. L. PRUYN.ADOLPHUS HAMILTON,H. M. OLMSTED,HENRY H. FARNAM and

E. B. GRANTwere appointed a special committee to make a

thorough examination of the entire property and

condition of the company. This committee valued

the property pledged to secure this issue of bonds

at MORE THAN DOUBLE the amount of this

mortgage of $10,000,000.

One-half of this i sue is reserved to provide for

the debentures ma uring in 1894.

Having negotiated with the company for a por.

tion of the remainder of this issue of bonds, we

now offer them for sale at

PAR AND ACCRUED INTEREST.We recommend these bonds to investors desiring

a. security of undoubted character.

DREXEL, MORGAN & CO.,Corner Wall and Broad Sts.

WÎNSLOW, IiANIER & CO.,Comer Nassau and Cedar Sts.

CHICAGO & ALTON RAILROADsix Per Ct. Gold MnMug Fund Ronds,

UNITED STATES TRUST CO., Trdstee.Free of all Taxes, imposed or to be i77ipoited.

Bonds due 1903. Interest payable May 1 and Nov. 1.

Tliete bonds are a direct obligation of the Cnlcago& Alton Ki:., and have a first lien over the CnlcagoKansas City & St. Louis KP..—162 miles—In l-llsspurl.

They are recommended as a safe and desirable In-

vestment.For cale at par and Interest.

JESVP, PATON & CO.,No. M WILLIAM STREET, NEW YORK.

STOCKS and BONDSAt Auction.

The undersigned hold REGULAR AUCTIONSALES of all classes of

STOCKS AND BONDS,o>

WEDNESDAYS AND SATURDAYS.

ADRIAN H. MLLLER & SON,

. No. 7 PINE STREET, NEW YORK.

IV-ANTED.Northern Paclllc ER. Preferred Stock and Bonds.Oregon Steam Navigation Co. Stock.Claims on .lay Cooke & Co.Texas Paeltlc P.R. Land Orant Coupon Bonds.Jefferson. Maolson & Inrt. Kit. 1st and 2d Mort. BondsSandusky Maneflelrt & Newark KK. Bonds.City, County aud Town Bonds of Ohio, Iowa & W Is.

LouUvIUe* Nashvl le UK. Stock.Fort Wayne Jack. & faglnaw KK. Bonds.interest'jiaylng Bonds of Soulhcrn Kallroads.

Cairo & Fulton KM. Bonds, all Issues.

Kansas i-acllic Uallroad Bonds, all Issues.

FOR SALE.Jersey City and New Brunswick 7 per ct bonds, 1897.

WOT. a. Uri-El', 31 Pine St., N. V.

gTi'. Bonner & Co,,BANKERS AXD BROKERS.

No. 20 Broad Street, New YorK.

WANTEDSPetroit & Milwaukee KU. 1st and 2d Mortgage Bonds.Atchison & Pike's Peak liU. Ist Mortgage Bonds.Keokuk & Des Moines Kli. Ist -Mortgage Bonds.Chicago City 6 and 7 Per Cent Bonds.

FOR SALE:LouiiVille City 6 and 7 Per Cent Honds.Louisiana SUte 7 Per Cent Consol. Bonds.Kansas Pacific BU., Leavenworth Branch Bonds.Mobl e & Ohio Kallroad Sterling Bonds,

kmm̂.H -

Hl'NT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

VOL. 26. SATURDAY, JUNE 22, 1878. NO. 678.

CONTENTS.TUB CHRONICLE.

United States Treasury Statement 614Latest Monetary and CommercialEnglish News 615

Commercial and MiscellaneomNews 617

The Annnal Conventicn of theBanks 611

Wtiat Congr. ss Did Not Do n-iThe Ber in Congress 613St. Louis Alton & Terre HauteRa.lroad 614

THE BANKERS- GAZETTE.Money Market, V. S. Secnritles. I Quotations of Stocks and Bonds.. 621

Railway Stocks, Gold Market, | Local Secnrities . 622Foreign Exchange. N. Y. City i luvestmcnts, and State, City andBanks, Boston Banks, etc 6181 Corporation Finances 623

THE COMMERCIAL TIMES.Commercial Epitome 6271 Dry Goods 633Cotton 6-27 Imports, Receipts and Exports ... 634BreadstufEs 633

IPrices Current 6-35

She ^hvoniclt.The Commkkcial and Financial Chronicle is mucd on Satur-day morning, trith the latest news vp to midnight of Friday

.

TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:For One Tear, (including postage ,$10 20.ForSii Months 6 10.Annual subscription In London (inclndine postage) £2 Gs.Six mos, do do do ...... 1 78.

Subscnptions will be continued until ( rdered stopped by a written order, orat the publication office. The Publishers cannot be responsible for Remittancesunless made by Drafts or Post-Oftice Money Orders.

London Office.

The London office of the CiniONici.8 is at No. 5 Austin Friars, Old BroadStreet, wLere subscriptions will be taken at the prices above named.

Advertisements.' Transient advertisements are published at 25 cents per line for each insertion,

but when definite orders are given for ftve, or moro, insertions, a liberal dis-

count is made. No promise of continoou- publication in the best place can beClven, as all advertisers must have equal opportunities. Spccial'Notices inBanking and Financial column GO cents per lin3. each insertion.

wiixiAa B. daha, (WILLIAM B. DANA & 00., Poblishers,

JOHN G. FLOYD, IB. f 79 3£ 81 William Street, NEW YORK.Post Office Box 4592.

t^" A neat file-cover is furnished at .W cents; postage on the fame is IScents. V\}lumeB bound for subscribers at $1 50.

t^~ For a complete set of the Commercial and Financial Chronicle—July, 18X.5. to date—or of Hunt's Mebcuants' Maoazihe, 1839 to lt>71, inquireat the office.

i^' The Business Department of the Curoxicls is represented amongFinancial Interests in New York City by Mr. Fred. W. Jones.

THE ANNUAL CONVENTION OF THE BANKS.In consequence, we presume, of the recent agitation

relative to our banking system both in and out of

Congress, the annual Convention of the American

Bankers' Association is to be held this year earlier than

usual. We have received the announcement of the

committee fixing the meeting for the 7th of August at

the Town Ilall at Saratoga. Three days are expected

to be taken up with the discussions, which will, no doubt,

receive considerable attention, especially at the Westand South, where the Association is peculiarly active and

strong. Their Convention last year was held in this

city, and an elaborate discussion was allowed of both

sides of the silver question and of several other promi-

nent fi-.ianci.ll topics. Among these were the refunding

of the national debt, the restrictions which sho Id be

placed upon the issue of municipal bonds, and the con-

ditions for the safe resumption of specie payments. It

is expected that these questions will be brought up at

the Saratoga Convention, and in the light of the newfacts developed during the year, the opinions expressed

will possess a new interest. The recent changes in the

usury laws are also mentioned as likely for the first time

to be brought into prominent notice at the Convention.

Governor Baldwin, of Michigan ; the Hon. John W,Daniel, of Virginia ; General Echolls, of Virginia ; the

Hon. John A. New, of Indianapolis, are mentioned with

other distinguished lawyers and bankers as likely to

address the Convention. The time chosen and the place

of meeting are very auspicious, and more than six thou-

sand invitations have, we learn, been sent out. Forobvious reasons a large attendance is expected, and the

leading banks in every State of the Union are to be

represented by authorized delegations.

Two great classes of topics will be presented by thevarious speakers, the first affecting the public, and the

second concerning the banks and their internal relations

to each other and to their respective oflicers, sharehold-

ers and dealers. Under the second head will be consid-

ered the safeguards and the risks of banking, the latter

being now so heavy as to involve losses to our 6,000

banks throughout the nation, reported at more than

$35,000,000 a year. The regulations relative to the

bonds of bank officers, the prevention of defalcations,

the economy of expenditure, and a variety of other

technical matters will, no doubt, claim a considerable

share in the attention of a grave, earnest assembly of

capitalists, economists and b inkers, such as will be drawntogether by this meeting. A more important class of

topics, so far as the public is concerned, will, however,be those of the fiist-mentioned class, which are of amore general nature. Indeed, it appears that to these

the chief attention of the Association is to be just nowdirected. At least, the circular before us is almost

wholly devoted to them, as is seen in the following

extract:

In introducing the Tario::s discussions during our three days' sessions,addr< sses wiH probably be given en the history of our banking system in iheUnited States, with a compaiison of its chief features with incse of foreignbanking sj stems ; on the agency of the banks here and abioid in negotiatinggovernment bonds and in the refunding of public debts; on the relationsof our banks to IheTiia^ury under the existing lows of the United States;and on other subjects llluslrdtine the present economic state and pros-pects of the nation, the growth or decadence of wealth and productive power,the influence of bants upon public and privaie crtdit, the true principles orcurrency reform, and the ilnancial evlli which, by weakening the fi-unaationa•f the banking system, Inflici weakness upon all klcda of Industry, commerceand material piogress tbrongbont the country.The subject of usury penalties will of course claim a place in our discu».

fion", and the recent Important decision of Mr. Jns'icc Strong in the U. S.Circuit Court for ihe Western District of PcnnsylTania. will receive due atten-tion with the Judicial and Legi^'lative 'proceedings on the subject in otherSlates during the year, and the changes In theststnsof our banks and hankersas rctnltlng tberefrom. Since the war, the banks have been singled out forheavy, Invldions and mischievous taxation. In 1665, when the correspondiugwar titxes on other interests were removed, the war t^xes of Ihe banks ougMalso <o have been taken off. We are informed by Congressmen ot influence,that 1 f we had appealed to Congress with the other snffeting Interests washould, with them, have obtsioed lelief. We neglected to do so; isd tb«

612 THE CHRONICLE. [You XXVI.

federal taxes on the bankc, which, throuijh Ihem, do the business commnnity

BO much harm, are almost the r nly surviving relics of those special taxes whicb

an enlighieiitd fiscal reform designed to sweep away at the close of the warBesides thli question of tax repeal, wliich is so vital to the prosperity of

business, and to the very existence of many bsnlis in certain parts of the

country, thLXe are other praciicil subjects which have been suggested for the

attention of the convention Among these is the unrestrlrtcd power to issue

municipal, county and oth>r bonds, by which heavy burdens of taxation are

Being foisted upon the people. These burdens are now so sallicg as to be a

frcquint menace to our public credit at hume and abroad. It is to be feared

that, unless judicious ri-slrictions stop the reckless issues of bonds, the out-

cry for repuOlatior may gain strength ; alihough it is evident that the issuers

of such bonds lire the men who should be punished, and not the honest holders

who have given their money in good faitb forthem. Thetimehas arrived wh n

our banks and bmkers must recognize the necessity of acting together, and

of cultivating a closer union for great common objects, conducive alike to the

revival of business, the improvem'-nt of public and private credit, the sta-

bility of our financial system, and the general prosperity of the country.

We find in this comprehensive list of topics abundant

evidence that the meeting this year is intended to be

attractive in its character, practical in its aims, and use-

ful in its results. The usury discussion will, it is hoped,

be suiBoiently complete to give at least two important

questions adequate elaboration. The first is as to the

present status of the nalional banks in relation to the

usury regulations imposed by the Legislatures in various

States. A paper giving a condensed, lucid statement of

the facte, and grouping the several States into two or

three classes, would be of great service. It might be

condensed within the ordinary limits of such essays, if

the work were confided to a competent hand. Secondly,

the various steps by which the usury laws, in some of

the States, such as New York and Pennsylvania, have

gradually been modified by the operation of the National

Currency act of ] 864, and by the privileges conferred

in that statute upon the national banks. We have

frequently directed attention to these questions as they

were brought before the public by passing events and

by cases in the courts. A careful compilation of all the

facts will be of value, and the present time of monetary

ease is peculiarly favorable for the purpose, the more so

because the discussion can be approached without excit-

ing in the publij mind those prejudices which are easily

awakened when the money market is tight and the rates

of interest rule high.

It is believed that a number of prominent foreign

bankers and bank oflicers will be present in the Conven-

tion at its various sessions. Such of these gentlemen as

are visiting the United States for the first time will be

not a little surprised to learn that in a country where

capital is so scarce and the field for its employment so

vast, where the banks are so needful, and the facilities

they are able to confer are so indispensable, there is a

growing popular antagonism to our banking system,

which creates hostile legislation both in the States and

by Congress, and prevents the efficiency of our banking

machinery from growing as the work grows which it has

to do. In the United States the pressure upon our bankg

is becoming more severe year by year, and although an

enlightened public policy would dictate that the banks

should be strengthened to aid the commerce and industry

of the country, it is found that here, more than any-

where else in the world, mischievous legislation is con-

tinually proposed, which agitates and disturbs not only

the banks but the whole business community. The fall

elections will soon be held, when the people will be

called to act for or against the principles of sound

finance. If the Convention at Saratoga can set the facts

and principles with which they are familiar in a clearer

light, and can duly impress 'Ijhem on the public mind,

they can scarcely fail to do a great and timely service to

the nation.

WHAT CONGRESS DID NOT DO.

" The long session " of Congress ended Thursday, and

although some days must pass before what was done

during the hurly-burly of the last days can be knowQ} it

is not too soon to note, with satisfaction, some things

which were permitted to fail of accomplishment. The

disturbing effects of the session are too fresh to need

more than the briefest mention.

When Congress assembled, last October, an improve-

ment in the tone and volume of business was generally

admitted; but instead of accepting that fact as a happy

augury for the future, an end was promptly put to it by

beginning a long series of financial experimenting, of

which the passage of the Silver bill and the partial pas

sage of the Resumption Act repeal were the fi"rst steps.

The latter bill, as is well known, early passed the House

by an overwhelming vote, but, after a long rest in the

hands of the Senate Committee, reappeared in the form

of the compromise or substitute which was accepted by

the House a few days ago, just as the Silver bill in its

final shape was, as the best (worst) which could be got.

The currency legislation of the session thus consists of

innumerable and divers threatenings, all of which

culminated, however, in the passage of only three

acts: the Silver bill, an unnoticed and unimportant

bill prohibiting the further coinage of 20 cent

silver pieces, and the bill just referred to, which

prohibits the further retirement of leg d-tenders and

directs that all hereafter reaching the Treasury in

any manner shall be paid out again and kept in circula-

tion. Of the first of thepe bills nothing new can be

said; the second is of a negative character; of the third

we have already expressed the opinion that it will prob-

ably prove, like the first, much less mischievous in prac-

tice than (viewing it from the standpoint of sound mon-

etary principles) it was intended to be. Disagreements

between the two branches of Congress, rather than any

clear financial ideas in the minds of any considerable

number of members, saved the country from the passage

of several other bills which would have heightened the

confusion of the financial situation. The Senate bill

making greenbacks immediately receivable for the 4 per

cent bonds and receivable for Customs after October 1

failed in the House, the two-thirds necessary for its

passage under suspension of the rules not being obtained;

the House bill embodying only the latter of these two

aims, p9,S8ed on the last day of the session, but was

not acted upon by the Senate, for want of time;

and a fact which is significant enough to be worth

especial mention is that the sweeping two-thirds vote

which, early in the session, was ready in the House

to unhesitatingly7pass atiything that abhorred gold

and had irredeemable paper in it, had so dwindled that,

on the last day, not even a majority could be obtained

for a bill, reported by Mr. Buckner of Missouri from the

Committee on Banking and Currency, which proposed

the substitution of greenbacks for national bank notes

and was wild enough to attract the support of the most

reckless inflationist. Only the month of December now

remains as the gauntlet of Congressional interference to

be run by the Resumption Act, and it is more than

probable that before that time the object of the act will

have been attained.

In general legislation, the most remarkable feature is

the failure of all |subsidy schemes. Senator Thurman's

Pacific Railroad bill also passed, notwithstanding deter-

mined opposition, as well as his bill creating an audi-

tor of railroad accounts, to whom Pacific roads are

required to furnish such reports as may be needed ; the

House also passed a bill under which C. F. Adams,

Albert Fink, and Thomas M. Cooley are to constitute a

board of Pacific Railroad commissioners, with genera

supervisory powers. On the other hand, the Senate w»

June 22, 1878.j THE CHRONICLE 613

as bad as the House in its log-rolling treatment of that

most abominable of jobs, the Fliver and Harbor bill, and

the appropriation bills have been shoved through at the

last with saoh haste that it is almost impossible

to state, just, yet, what they do or do not contain.

In the "Sundry Civil" or "Omnibus" Appropriation

bill, into which, as the reprehensible custom is, every

member of Congress thrusts whatever little draft upon

the Treasury he thinks of the most vital consequence to

himself, appears to be included the payment of the

fisheries award of the Halifax Commis-^ion; this maycount one on the right side, but on the other side must

be counted a large number of items for extravagant

and unnecessary work on public buildings all over the

country, and we fear that one of the most objectionable

measures of all—the appropriation for a building for

use of the Bureau of Engraving and Printing—will be

found at last to have been retained.

As to appropriations, it is becoming very clear that

the practice of making a general grab at the public

money for the benefit of local interests, under the nameof improvements in navigation or of erecting public

buildings, will sooner or later compel the adoption of* some measure, perhaps of a strict constitutional amend-ment, for putting an end to it. Notoriously, these

expenditures have passed far beyond public needs and

public advantage; they are intended in part to gratify

local pride, but mainly to help local interests, and are

favored especially by Congressmen just before going

home to canvass for re-election; they are naked, disgust-

ing plunder, each section being determined not to be

over-reached by the rest. The Senate, not being a

"popular" body, might be expected to kill these

schemes; but it cannot be trusted to do so, and often

votes with the House as if public money came magi-

cally into the Treasury and could be drawn out to an

unlimited extent by simply making appropriaiionp. Ttiere'

seems to be no understanding of the plain faot that the '

nation, like an individual, must get money from some'

source before spending it; ami while other increase of

taxation is not popular. Congress votes to expend as if it

were impossible for the Government to run short of

money and for deficiency bills to become necessary.

The most notable failures of the past session are

in its treatment of the tariff and the bankrupt law. Thedefects of the latter were plain, and there ought to have

been ability enough in a body largely made up of

lawyers to make a sincere attempt to cure them;yet

the subject was temporarily disposed of by repealing the

law. The need, and, as must be admitted, the difiiculty

also,of tariff reform were never plainer than now; yet noth-

ing was done beyond framing a bill which was so compre-

hensive and sweeping in its changes and, withal, was so

rigidly insisted upon by its author, that it was at last

decapitated without coming to vote, whereas a milder

and more conciliatory measure might, perhaps, havemet better success. In revenue reform it is quite useless

to try to introduce a wedge with the thick end first.

As usual, measures of real importance were made sub-

ordinate to those of political intent, and Congress dallied, \

and talked, and explained, and adjourned, and passedtime to little purpose, until the session was far spent;

then the appropriation bills are taken up, like a " hard "

page in arithmetic which the reluctant school-boy turns

to at the last moment; and, in continuous, " hilarious''

sessions, prolonged through the night, items calling for

the expenditure of millions are rushed threugh with

such little attention that not even Congressmen are

quite sure what has been done, until they make a leis-

urely search after adjournment. Very naturally, in

this way, the expenditure which ought to bo madeis likely to be lost among the bnffetings in coc»

ferenco committee, while the one which ought to

fail is likely to stay in the bill ; and then the sleepy

law-makers adjourn with a hurrah, and the country

draws a long sigh of relief. Perhaps each Congress

is no worse than the last; but surely, in the fact that*we

feel gratefijl to each for the little good it does and the

great evil it somehow refrains from doing, and that wecount its adjournment a joyful matter, there is food for

serious reflection about the causes which put the business

of law-making into the hands of men whom the country

can never trust while they are engaged in it.

TJIS BERLIN CONGRESS,The Congress which began its sessions in Berlin last

week has been one of the great features of this week.

It commands attention alike from the illustrious person-

ages of whom it is composed and from the importance

of the work which it is expected to perform. Since

the celebrated congresses which were held in rapid suc-

cession after the downfall of the First Napoleon—those

of Vienna, Troppau, Laybach and Verona—no such

gathering of illustrious personages has been witnessed

in Europe ; that of Paris in 1856 is not to be named in

comparison ; while the treaties to which it may give

birth are of the widest influence.

It is, however, scarcely time as yet to speak of its work.

What will be the full measure of that work it may take

many days to determine. It would seem, however, from

what we know of its proceedings hitherto, that it is butlittle likely to fail of its purpose. In a business-like

manner it has commenced with the questions which weremost beset with difficulty, and the progress which has

been made, although suggestive of difference of opinion

on the part of the different representatives, encourages

the hope that its labors will result in the establishment,

not only of a lasting peace, but of a more satisfactory

state of things among the populations of Eastern

Europe and Western Asia.

It is already manifest that the policy pursued by Lord

Beaconsfield will secure substantial triumphs for Great

Britain. Kussia may be allowed to resume possession of

Bessarabia, of which she was robbed by the Crimean

war; but she is not to be permitted to crush the rising

hopes of the Greeks, by carrying out her cherished plan

of extending Bulgaria south of the Balkans to the waters

of the .(Egean Sea. It will not be at all wonderful if

the preponderating influence of Great Britain should be

still further revealed by the joint offer of the Bulgarian

crown to the Duke of Edinburgh. Such an arrangement

is certainly not to be excluded from the probabilities of

the early future. After her vast expenditure of blood

and treasure, Kussia should receive compensation ; andthe effort will be to grant it without too radical a change

either in territory or in privilege. Her privileges on the

Danube and in the Dardanelles will remain qualified aa

before; and it would appear now as probable, that with

the acquisitions of Bessarabia and of a portion of north-

ern Armenia, she will be compelled to content herself.

It is still doubtful whether the Congress will consent to

give Antivari to Montenegro. If such a favor is granted

to the little principality, it seems certain that Austria

will have to be pacified by compensating privileges in

Bosnia and Herzegovina. Such an extension of Mon-

tenegrin territory is as little desired by Italy as by

Austria; and it will not be wonderful if the provisions

of the Treaty of San Stefano in this particular should

614 THE CHRONICLE. [Vol. XXVI.

also be set aside. It is not desired by any of the

Powers, if, perhaps, we except Germany, that Russia

should have an outlet to the Mediterranean; and there

are many who clearly see that to give Antivari to Mon-

•tenegro would be only an indirect way of giving it to

Russia. It is just possible, however, that by satisfying

Austria and Italy, Montenegro may be extended so as to

include Antivari and the adjoining coast.

The weight of British influence, it is already manifest,

ds to be used in the interests of the Greeks—those of

the provinces as well as those of the kingdom. It is

•not probable that the boundaries of the kingdom will be

immediately enlarged; but the presumption is that such

an arrangement will be made with Thessaly and Epirus,

and probably also with Macedonia, as well as with Crete

and some of the larger islands, that annexation will be

rendered both certain and easy. Such annexation, if

the purpose of the British Government is carried out,

may be regarded as merely a question of time. Greece

revived and enlarged will be the most effective bulwark

against Russian aggression in the direction of the

Mediterranean.

On the whole, there is fair reason to conclude that the

doings of the Congress will be a gain, not alone to the

peoples immediately interested, but to the cause of

humanity generally.

.ST. LOUIS ALTON <£• TERRE HAUTE—ITSLEASE AND GUARANTORS.

The following letter has been ehown us by a bondholder o f the

St. Louis Alton & Terre Haute Railroad Company, as explaining

the present situation of that company as regards the lease of its

main line. It was written by a director of the company to one of

4b« largest holdera of its income bonds :

New York, June 19, 1878.

Dear Sir : The facts of Ihe St. Louis Alton & Terre Haute

Railroad case, as known to u?, are as follows : In September,

1807, the main line and Alton branch were leased for ninety-nine

years to the Indianapolis & St. Louia Kailroal Company for

30 per cent of the gross receipts up to $3,000,000, with a 6xed

minimum, in any event, of $450,000 per annum. The stock of

the Indianapolis & St. Louis Railroad is owned one-half by the

Pittsburg Fort Wayne & Chicago Railroad and one-half by the

Cleveland Columbus Cincinnati & Indianapolis Railroad Company.

The lease to the extent of the minimum rental of $450,000 per

annum was guaranteed eeverally, but not jointly, by the Indi-

anapolis Cincinnati & Lafayette Railroad Company, as parties of

the first part ; the Pittsburg Fort Wayne & Chicago Railroad

Company, as parties of the second part; and the Cleveland Colum-

bus Cincinnati & Indianapolis Railroad Cjmpany and Lake Shore,

as parties of the third part.

They, moreover, guaranteed us severally, but not jointly,

against any default on the part of either of the three guarantors.

The parties of the first part, the Indianapolis Cincinnati & Lafay-

ette Railroad, withdrew from the arrangement in 1867 or 1868,

and have never paid anything to the guarantee fund. The other

two parties to the guarantee have always, to date, paid the

deficiency between the earnings and the guaranteed minimum.

Last week the parties of the second and third parts met in NewYork and requested a conference with us. They t'len and there

claimed that they were only responsible for their separate guar-

antee of $150,000 each, and requested a modification of the lease

to conform to a minimum guarantee of $300,000, instead of

$450,000. On behalf of the St. Louis Alton & Terre Haute Rail-

road, we stated that we felt bound to exhaust our rights as

against the Indianapolis & St. Louis Railroad. If they failed to

pay us 30 per cent of the gross receipts, with a minimum of

$450,000, then we should look to the guarantors—parties of the

second and third parts—on their separate guarantee of $150,000

each, and also to their guarantee for damages on account of the

failure of the parties of the first part to keep up to their propor-

tion of the guarantee.

Our claim is that they are each liable for an additional half of

$150,000 ; or at least for one-third of that amount. In any

event, we claim that the minimum guarantee for which the i

parties of the second and third paits are severally liable cannot

be less than $300,000 as to each. The conference ended, and wehave not rece.ved any official notice of their intentions as to

future action, but trust that the next rental note will be paid aa

promptly as iu the past. The lease of the St. Louis Alton &Terre Haute Railroad main line and Alton branch was < arefuUy

drawn up by Governor Tilden. He has repeatedly stated—as weare informed—that it cannot bo broken. It is hardly necessary

to state that his reputation as a railroad lawyer is preeminent,

and we propose to stand on his opinion and work.

The guarantors are perfectly solvent, and abundantly able to

meet their engagements; and we feel great confidence that they

will do nothing to forfeit their reputation for honest dealing, or

to throw discredit upon railroad leases. Our construction of the

lease has been followed by them without proti-st since 1867.

Veiy truly yours, Thomas Dknky.

UNITED STATES TREASURY STATEMENT.The following statement from the office of the Treasurer for

May SI has been issued this week. It is based upon the

actual returns from Assistant Treasurers, depositaries and super-

intendents of minis and assay ofiBces. The delay in issuing it

arises from the time taken in getting returns from distant offices.

The figures for March and April will be found in Chronicle

of May 35, on page 509 :

LIABILITIES, KAT 31.

Coin. Currency.Fund for redemption of certificates of deposit, $ (Junes, 18!2 37,190.000 00

POBt-offlceDrpartmen account 1,870,953 00Disbursing offlcers' accounts—

T,„„. „„„. ( $892,S13 3r coin, 892,413 37Treasurycfflces

-j n'ggglga, 74 cur.! I 14 604 6« 82National banks 3.^10,715 08 cur., f

n,m;i,oj( sx

Fund for redemption of notes of national baiks"failed," "in liquidation," and "reducing circu-lation" 10,497,622 00

Five per cent rrdemttion fund-United States notes 82,984,014 581Nalional bank notes 9,150,625 67)

Secretary's special deposit account 26 36Currency and minor cuin redemption accountInterest account 338,86150Interest accnunt. Pacific ^ ailroada

C mp:rolier of tlie Currency, agent for creditors... 78,287 11

Treasurer United State.', agent for paying interest

on 3'b5 D. C. bondsTreasurer's transfer checks outs'andlng-

12,134,640 25

16,669 808.981 57

150 005,S20 00

615,864 95

9,316 23

Gold*'^|;??^3U

237,33132SilverCurrency .

.

Repaving Pennsylvania avenueInierest account, L & P. Canal CompanyFund for redemption of national bank gold notes,.

Treasurer's general account—Special fund for redemption of

fractional currency $10,000,000 00

Outstandiug draft? 1,764,413 51

Balance 5,074,097 06

1,440,573 5) 1,440,573 50

/..'.'.'.'.seo'oo

1,730 00

Treasurer's general account

—

Interest due and unpaid $4,526,537 09

Cal ed bonds ai:d interest 5,600,315 41

Coin certiticaes 52,823,M0 00Outstanding drafts 16,965 49

Balance, including bullion fund.. 129,941,883 4419!,91-i,03; 43

16,838,509 57

$191,50 ',489 fS $95,263,563 69

ASSETS, HAT 3

Gold coin and bul ion.. $1Gold carsS atidard silver dollars

Silver coin and bullionGold certificates

Silver certificates

Old demand notesNational ba- k golrt notesFractional currency redeemed in silver—Quarterly interest checks paid .

Coin coupons paidKegistcred interesr, raidUnclaimed interest paidBeficits, unavailab e fundsDutositsheld by national bank depositaries

United States notesU. S. notes (special fund for ridemption of

fractional currency)National bank notesSilver coin received iu lieu of currency....Fractional currencyNickels and minor coin*New York and San Francisco exchangeOne and two year notesCompound interest notesInterest on 3-66 District of Columbia bonds.Speaker's certificates, 45th CongressRedeemed certif's of deposit, June 8, 1S73.

Pacific Railroad interest paid73-lOnotes purchasedCoupons, L. & P. Canal Co

Coin.2-2,917,907 88

'5,2*4 265" 4413,100,736 3531,235,300 00

314,710 00

iireooo93,392 0837,160 71

99,318 59863,362 6038,168 856,703 86

21,107,218 22

Currency.

636,2)6 00

$194,500,489 98

722.49i 2810,484,257 2956,695.832 66

10,000,OCO 0014 19.5,708 59

893,696 1875,S7!) 25

1,219.711 74114,000 GO

10 BO

57389

'2'i6',666'60

"s^'Tw'si

$95,21)5,663 69

Pittsburg Cincinnati & St. tonis.—The following is an

approximate statement for the first five months of this year :

Gross earnings, January 1 to June 1, 1678*''cSI'n?2

Expenses for same period 8^7,014

Neteamings *Ji?,'il2SThe interest on the bonds for the£e five months la .<ia,U7»

Surplus $195,36T

June 23, 1878.] THE CHRONICLE. 615

ôuctitVBsCommcvcialguoUsTi|Xctus

R1TB9UP 8KOHANSK AT LONDON AND ON LONUONAT LATKMT OATKS.

JIXUUANUK AT LUNDON—JUNE 7. .

OK— TIM.

Paris (hort.i montba.

BerlinHambarRFrankfott ...

'*

Antwerp '*

AmftorUmn.. . ahortAmeterdam. .. 3 months.Vienna **

Bt. Peterebnrjr.Genoe

»*

Madrid "

Cadiz "

New York... ,

Riode Janelto. ....

Pernambnco. .

.

UauritlnaBomba; 60 days.CalcntU '*

Hong Kong... ....

Shancbal ....

AJezacdrlt .... ....

iO.SS @30..'9

30.53 îOS'J80.55 ®ao.5«as.8iH®95.3~Xit.os (aii.03liMH^li OIVia;10 ®13 15

e24X@47.';o®27.70

t47X48

8487.65i~.6i

47X

U. 8Kd.it. fHd-

BXCHAMQK 0^4 LONDON.

LATBSTDAT!. TIKI.

Jane T.

Jnne 7.

Juno 1.

Juue 7.

Jnne 7.

Jnne 7.

Jnne 7.

Jnne 4.

June 7.

Jane 4.

Jane 7.

Hay 9.

May 14.

May 28.

Jane 6.

Jane 6.

Jane 4.

Jane 4.

Jane 5.

•hort.

abort.Smos.short.

Smoe.

short.

Smog

80 days.SO days.

6 mos.

Smog.

iS.lii

to. 4330.42a5.n>ila.u

lidieo

«4Ji8". so

is.ib

]«. 9H<1-U. B\d.1«. 8 13-16(/.

»». r.Kd.5«. tHd.»7H

IFrom oar own correepondent.!

London, Saturday, June 8, 1878.

The European Powers which were parties to the treaties of

1656 and 1871 have at length agreed to meet in Congress at Ber-

lin on the 13.h inst., and Europe is now buoyed up with the hope

that before another month has elapsed the difficulties which have

for BO long threatened to assume serious proportions will be plain

matters of history, and will cease to disturb the mind of the mer-

cantile and financial world. And yet those who take more than

a superficial view of things are anxious about the future. It

may, it is contended, be true that all the Powers want peace; but

the questions to be settled are delicate and dangerous, and it may

be that jealousies will crop up which will frustrate the most

benevolent designs. As far as the people of this country are

concerned, the desire is that the peace to be concluded shall be of a

dnrable character. It is right that Russia should rec9ive the

compensation due to her for the heavy sacrifices she has made;

but Europe desires that her acquirements shall not trespass upon

its rights. So far, the triumph of the Biitish Government seems to

be complete, and, for the sake of Europe, it is to be hoped that

we shall in a brief period hear the last of the Eastern Question

This, however, can only refer to Its most serif us aspect, as there

is no doubt that Turkey must be taken in hand and educated in

the ways of modern government and civilization.

There is a very general opinion that some pressure has lately

been brought to bear upon Russia by Germany and Austria.

The socialistic movement in Germany, which has assumed alarm-

ing proportions, and the opposition which has existed for some

time past with regard to Prince Bimarck'a domestic policy, have

made the German Government very desirous of doing its best to

prevent a war in Europe. There is every reason to believe that

in the army much discontent prevails, the long period of service

being ruinous to the youth of the nation. The country is, in

fact, suffering from increasing poverty, and it is to this slate of

things that the socialistic movement is to be attributed.

Notwithstanding that the indications of peace have of late become

more distinct, there is not at present any tendency to improve-

mett in the money market. Commercial bills continue very

scarce, while for financial purposes the demand is very limited.

Th is week's Bank return, however, is less satisfactory, the pro-

portion of reserve to liabilities having declined from rather more

than 40 to 37 41 per cent. The circulation of notes has increased,

and there has also been a diminution in the supply of bullion.

The result is that the total reserve has fallen oS to the extent of

£487,808. The Government, owing to the heavy expenditure

now being incurred at the dockyards and arsenals, appea's to have

been a borrower of nearly jk: 1 ,000,000, and there has also been a

slight increase in " other securities," which is, however, insuffi

cient to justify the remark that a better demand for money has

prevailed. The present quotations for money are as follows :

rer cent. 1 Open-marHet rates : Per ceni.i)i\ « months' bank bills IS&Di

I t months' bank bills iii&imi 4 and « months' trade bills. 2 îXIX !

The rates of interest allowed by the joint-stock banks and

discount houses for deposits are subjoined :

Perct.Joint-stocKbanks i)tOlsconnt honses at call 1)<Discount hoases with notice lf(

Bank rateOnen-market rates

:

30 and eo days' bUls.3 months' bills

Annexed Is a statement showing the present position of the-

Bank of England, the Bank rate of discount, the price of Consols,

the average quotation lor English wheat, the price of Middling

Upland cotton, of No. 40's Mule twist, fair second quality, and

the Bankers' Clearing House return, compared with the four

previous years

:

1S74. 1875.

Circnlatlon—InclndlDg £ £bank post bills S«,8S4,8T7 «7,»n.fl64

Public deposits 7,691,188 6,808,114

Other deposits 17,847,699 »0,078.649Goverijment securities. 13,906,154 13,716,691

Olher securliles 17,999.«S1 40,039,574

Reserve of notes andcoin 11,686,791 11,061,988

Coin and balllon Inboth departments . . . iJ,C-a,716 S8,58n,e97

Proporlfon cf reservelo liabilities.

Bank-rate 3 p. c.

Consols MVEnglish whcat,av. price 6l8. 8a.Mia. Upland coiton... 8 5-160.

No. 40's mule twl8t,ralrSd quality Is. Id.

SX p. c.

934U. l!d.

7«d.

1876.

£98,056,9788,»71,4jT

10.048,«3014,675,81817,484,651

14,867.171

!7,647,181

50-07

2p. C

46s. 4d.6d.

lid.

1877.

£28.288.381

7.248,54331,703,67315,314,.U»19,379,635

13,189.8:6

35,236,001

41233p. e.

MX6Cs. lid.

SJJd.

9Xd.

1878.

£r.635,9636.961,473

31,763,850lK,.-5a,441

19,3C8,6B3.

10,850,794

232I9,5M

87-41

iH p. c.

96X50s. 4d.

6J<d.

i!oodIs. OVd.

ClearinuHonse return. 93,832,000 93,950,t03 8l.320,t00 106,763,000 116,883,1

A fairly active demand for gold for export has prevailed, and,

in the absence of liberal arrivals, a moderate quantity has been

withdrawn from the Bank. The Nepaul has arrived with

£682,943, of which £483,000 consists of sovereigns. The bar gold

has been purchased for export, but the sovereigns will be sent

into the Bank. I'he supply of silver offering is quite limited,

and the price has shown some improvement, notwithstanding that

there is scarcely any Indim demand. This week's steamer for

the E.:st took out only £33,000 for Bombay. Mexican dollars

have risen Jd. to ^d. per ounce. The following prices of bullion

are from Mesers. Pixley & Abell's circular:

eoLD.Bar Gold, fine per oz. standard.Bar Gold, reflnable per oz. standard.Spanish Doubloons per oz., nominal.South American Doubloons per oz.

United States Gold Coin per oz.

Germau Qold coin per oz.SII.VER.

Bar Silver, flue per oz. standard.Bar Silver, con'ng 5 grs. Gold per oz. standard.Mexican Dollars per oz.

Five Franc Pieces peroz ® ...

Quicksilver, £7 Os. Od. D'scount. 3 per cent.

The weekly sale of bills on India was held at the Bank of

England on Wednesday. The amount allotted was £400,000

—

£311,146 being to Calcutta, £71,400 to Bombay, and £17,^54 to

Madras. Tenders on Calcutta and Madras at Is. 8|d. received

about 7 per cent, and at that price on Bombay in full. Anincreased demand for the means of remittance to the East is thu»

indicated.

Annexed are the current rates of exchange at the principal

foreign markets :

a. d. 8 <L77 9H(( >:7 1078 ii . ...

74 6 it' 1 »73 S S^ . ...

76 4 i^ .

76 3XS1 . ..-

d. d.53 7-16 a ...

53 13-16®. - .5SK (a. ...

PunsAmsterdamBerlin ,

HamburgFrankfort ,

LeipzigGenoa,...GenevaBrussels

The Board of Trade returns for

ended May 81 were issued yesterday,

results

:

Bankrate.

p.^c.

3X4

44

453

Openmark't.p. c.

!X3X«X

8XSX4

Bankrate.

p. c.

4XIVienna and Trieste...

I

Madrid,Cadiz and Bar-I

cclona

ILisbcn and Oporto....St. PetersburgNewYork. 3^05Calcutta 4

I

Copenhagen 4X®5 4H9S

Openmark't.PC4

6®76®T4H

May and the five monthsThey show the following-

1876.

£39,405.133

1»77.

£31,647,682

1378.

£31,038.763TmportainMay

Imports in five months 156,760,730 165,638,033 160,986,751

ExportsinMay 17,086,504 17,461,1.39 16.16S,07S

Exports In five months 83,361,79« 79,928,471 79,568,762

During the week the stock markets have been very buoyant,

and a further rise of considerable importance has taken place in

prices. The announcement that a Congress is to assemble at Berl|a

on the 13th inst., and the belief that peace will be the r<>8ult of

its deliberations, together with the easy c ndition of the money

market, have stimulated speculative buying, and home, as well as

Egyptian and Turkish stocks, have experienced a markedimprovement in value. The rise in Egyptian Government securi-

ties has been very rapid, and there has also been a decided

advance in British railway shares, especially in London and

Brigbtoj, South Eastern and North Eastern. The Russian mar-

ket, however, has not participated in the buoyancy which baa,

otherwise, been so distinct, and this may be attributed to the fact

that even if there be peace the Russian Government will have to

face a past expenditure which will demand the serious attention

of her financiers. Considering, however, that the expenditure

or Russia has for a long time past been very heavy, the market

for Russian bonds must be regarded as remarkably firm. In th»

American market a considerable amount of buoyancy haa pre-

vailed, and several descriptions of railroad bonds have been

steadily rising in pric*. There has not been much movement in

616 THE CHRONICLE. [Vol. XXVL

Qovemmeat bonds, but the tendency has been favorable. The

markets, partly owing to the holidays and partly to the

desire which is shown to secure profits after so important a rise as

has recently takeu place, close with less buoyancy ; but

they are still inherently strong. Fine weather and a pacific

termination to the deliberati )n9 of the Plenipotentiaries attending

the Congress will, it is thought, aid a Jurther upward movement.

Consols have this week realized 98 with dividend, which is the

highest point reached for 20 years. Annexed are the closing

prices of ConsolK and the principal American securities, compared

with those of last week

:

Redm. Jnne 1.

Consols 91H®97%United states 6" 1S8:

Do 5-208 1885 105 ®106Do 1867,69 1887 108!i@1095iDo funded, 58 1881 107><:®10:^Do 10-408.58 1904 109 aiinDo funded, 4X8 18''1 losiraicsxDo is 1907 10'.)imOi}i

LonlBlana Levee, 8s 1875 42 @ 5?

Do 6s 48 @ 68

Maesaclineetts 58 1838 106

Do 6b 1894 106

Do 58 1900 103

Do 58 1889 108Do 53 1891 108

Do 58 ISSJS 105

Virginia stock 5s S3

Do 68 24

Do New funded 68 1905 59

@110®110@110®110@ 85

@ 38

® 61

June 8.

95%& 98109H@)IO«105 @106lOQVaiOflX107Ji@1075i109 ®110ics^fitinsx101X@1C2^42 & 5242 @ 52106106IDS108101

108282559

AUBRIOAN nOLLAB BONDS AMD SHARKS.

Albany & Sasqwchanna cons. mort. 78. No8.501to 1,600, inclusive, guar, by Del. c&Hud.Oanal ..1906

Atlantic A Qrcat Western l8t M., $1,000, 7s... 1903

Do Sd mort, $1.000, 7s.. 1904Do 3d mort., $1,000 1902Do let mort. Trustees certificates

Do 2d do doDo 3d do do

Atlantic MlssisMppi & Oliio, Con. mort., 78 1905do Committee of Bondholders* ctfs. . , .

.

Baltimore & Potomac (Main Line) let mort, 69. 1911

do (Tunnel) Ist mortgage. 69.

(guar, by Pennsylvania & No. CentRailway8),1911Burl. Cedar Rap. & No. RR. iif losa, let mortCentral of New Jersey eliares

Do cons. mort.. 78 1899Do ex" funded coups, from April 1.

18^7, to July 1, 1879. inclusiveCentral Pacific of California, Ist mort., 6s 189(i

Do Califor.A Oregon Div.l8tmort.gld.bds,fl8.1892Do Land grant bonds, 69 1890

Chicago Burl.& Quincy sinking fund bonds, 58 ...

Del. A Hud. Can. mortgage bonds, 78Detroit & Milwanliee 1st mortgage, 7s 1875

Do 2d mortgage, 8s 1876Brie $100 sharesDo reconstruc-ion trustees' assessm't, $5 paid..Do do do $4 paid...Do preference. 78 ...

Do reconstruction trustees' assessm't, $3 na'd...Do do $2 paid...Do convertible gold bonds, 7s 1904Do reconstruction trustees' certificates, 7s

Galveston & liarrisburg, 1st mortgage, 68 1911Illinois Central. $100 shares - .

.

Do Bonds. Ii9, l9t M. Chic. A Spr gf..l698

Lehigh Vallev, consolidated mortgage, 6s 1923Marietta & Cin. Railway, let mort., guar., 78. 1891Missouri Kansas & Texas, Ist mort., guar, goldbonds, English, 7s.... 19C4

New Yoi:k Centra! & Hud. Riv. mort. b'ds, 7s ...

New York Central $100 sharesOregon & California, 1st mort., 7s 1890

do Frankfort * 'ommit'e Receipts, x coupPennsylvania, $."0 shares

Do. Ist mort., 68 1880Do. con«oi. sinK'g fund mort. 6s 1905

Philadelphia & Reading $50 sharesPittsburg Fort Wayne & Chicago equipmentbonds (guar, by Pennsylvania R. R. Co.), 8s —

Onion Pacific Land Grant l9t mort., 7s 1889Union Pacific Railway, 1st mortgage, 6'6 1898

AMBniCAN STKBUMQ BONDS,

Allegheny Vallev. guar, by Penn. R'yCo 1910Atlantic & Qt. Western consol. mort., Bischofi^.

certs, (a), 78 1892Atlantic & Gt. W. Re-organization 7s 1874

Do. do. leased lines rental trust, 78.1902Do do. do. 1873,78.1903Do. do. Western exten., Ss .1876Do. do. do. 7s, guar, by Erie R'y.

Baitlmoie & Ohio, 6a 1895

Do 68 1902

Do. 6s 1910Do. 58,1877 1921

Cairo & Vincennes, 78 1909Chicago & Alton sterling consol. mort, 6e. . . 1903Chicago & Paducah Ist tiiort gold bonds, 7s...1902Cleveland, Coiumhus. Cin. & Ind. con. mort. ..1913

Eastern Railway of Massachusetts, 64 1906Brie convertible bonds, 68 1875Do. Ist cons, mort, 7s.. 1920Do. ex recons. trustees' certificates of 6 coupsDo. with reconstruction trui-tees' certificates

of 6 coupons, fundedDo. 2d consol. mort. 78 .. 1894Do. reconstruction trustees' certificates

Illinois & St Louis Bridge Ist mort., 7s 1900Do. do. 2d mort, 7s

nilDOie Central, sinking fund, 5s 1903Do. 6s 1895Do. 6s 1905

Illinois Missouri ,te Texas Ist morlgaQ:e, 78 1891Lehigh Valley control, mort., 6s, *'A"Louisville & Nashville, 6s 19(iS

Memphis & Ohio 1st mort 7s 1901Milwaukee & St. Paul. Ist mort 7s 1902New York & Canada K'way, guar, by the Dela-ware & Hudson Canal, tis 1934

N. Y. Central & Hudson River mort. bds., 6s.. 1903Northern Central Railway consol. mort, 6s. ...1%4Paaama general mortgajje, 7s. . . 1897

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Do. consol. sink'g fund mort 69 1905Perkiomen con. mort. (June '73) guar, by Phil.&Reading, 6s 1913

Phil. & Erie 1st mort. (guar, by Penn.RR.) 6s. . 1881Do. with option to be paid in Phil., 6s . .

.

Do. gen. mort(gnar. by Penn. RR.)68.1920Phil. & Reading general consol. mort 68 1911

Do. imp. mort, 68 1897Do. gen. AI., 1874, (is, ex deferred coup . .

.

Do. Scrip for the 6 deferred }^ c upsPittsburg »& Connellsville con. mortgage,guar, by Baltimore & Ohio RR. Co., 69 96

South & North Alabama bonds, 6s • 91St. Louis Tunnel Ist mort (guar, by the Illinois

& St Louis Bridge Co.) 9i 1838 .

Union Pacific Railway, Omaha Bridge, 88. . .189* 109United New Jersey Rail way and Canal, 68 1 894 107Do. do. do. do. 6s 1901 103

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The decline in the price of grain has contributed towards

increasing the dulness of the corn trade, and the value of [all

cereals has had, this week, a downward tendency. The weather

during the week has not been as propitious as desired; but it

has now a more settled appearance. Dry weather until the crops

are harvested ia now very necessary. Should the weather be fine

during the next two months, the season w;ll be a very satisfac-

tory one, as there will be an abundant yield of feeding stuffs; but

the wheat crop will not, under any circumstances, be so large as

the favorable autumn, winter and early spring induced us to

ant'cipate.

According to the official return, the sales of home-grown wheat

in the 150 principal markets of England and Wales, during the

week ended June 1, amounted to 33,548 quarters, against 36,376

quarters last year, and it is computed that in the whole Kingdom

they were 134,200 quarters, against 105,500 quarters. Since har-

vest the deliveries in the 150 principal markets htve been

1,660,344 quarters, against 1,768,397 quarters ; and in the whole

Kingdo.u it is estimated that they have been 6,641,000 quarters,

against 7,073,500 quarters in the correspondin,j period of last

season. Without reckoning the supplies furnished ex-granary,

it is computed that the following quantities of wheat and flour

have been placed upon the British markets since harvest :

1877-8. 18:6-7. 1875-6.cwt cwt cwt

Imports of wheat 42,942;oi7 3\48i.'lll 40,797,203

Iiuporta of flour 6,8.'>4,005 5,2ri,8il 4,99i,ii8j

Sales of home-grown produce 'i8,777,700 30,S32.iiuO 30,«61,500

Total 78.S7!,722 66,409.9)7 76,757,391

HxportB of wheat and flour .1,456,043 74;,852 631.132

65,660,09551s. 4d.

76.1?3,2sa46s. 5(1.

1874-6cwt.

30,141,6145.:i37,813

41, 19), 400

76,514,812226,980

76,3(7,86243s. 81.

Result 76,917,671

Aver, price oT Eng. wheat for season bla, 3d.

The following figures show the imports and exports of cereal

produce into and from the United Kingdom since harvest, viz.,

from the Ist of September to the close of last week, compared

with the corresponding period in the three previous years:

ATheat cwt. 42,942,01

Barley 10,803,887

Oats 8,^70,801

Peas 1,3.53.173

Beans 2,537,2.12

IndlanCom 24.960,128

Flour

mPOBTB.1877-8. 1876-7.

6,654, U05

BZPOBTB.

30.186,11310,'66,4i9

7,844,8131.021,5153,631,1-89

25,70J.494

5,271,834

1875-6.40.797,2(10

7,144.1088,2.-i8,90')

l,142,^802.857.4851S,^«2,4J94,995,688

565,3822i,49126',68230,2147,709

36,997

13,759

1874-5.80,041,621

11,211,2787,131,1501,393,4962,089,47012,037,7935,.37;,818

181,124185,00961,41517,6153,288

4.3.041

45.856

vVheat cwt. 1,393,971 713.277

Barley 41,617 44.274

Oats 76,074 8i,450

Peas 17,t4: 21,787

Beans 18,642 25.78i

Indian Corn 1W,171 394,684

Flour 62,014 36,575

The following return shows the extent of our importations of

flour and wheat into the United Kingdom since harvest, viz.,

from September to May, inclusive, compared with the three pre-

ceding seasons, togetlier with the countries whence those sup-

p'ies were derived :

Rus'iaUnited StatesBritish North America,(lermanyFranceChiliTurkey, Moldavia andWallachia 192,685

Egypt 482,085

British India 3,631,834

Other countries 912,226

WHKAT1877-78.Cwt.

5,986, :^94

32,625,1902,813,6036,145,110

61.103182,r,96

1876-77.Cwt.

6,241.31412,701,426

995,5052,i81,24T

978,007165,973

787.2321,297.4703,137.0381,001,638

1875-76.Cwt

7,218,52416,1 2,S553,1H.0.32

3,824,812l,00i.630710,733

1,492,0132,3,7,1001.923,2;8

2,671,013

1874-75.Cwt.

5,913.04t15,963,8771,413,3072,946,750466,743497,094

629,828190,180241,7235;6.201

Total 42,052,616 19,389,617 39,410,4t4 29,026,748

ITLOnR.

Germany 1,807,680 841,907

France 8J;,633 l,47n,464

UnitedStates 2,55M4) 1,440,202

British North America 256.988 146,897

Other countries 1,856,436 1,350,232

721,7111,072,41*8

l,ti06.»42

193,1469J.3,7r"8

610,8971,401.4771,735.879

98,741506,458

Total 6,704,780 6, -255,752 4,835,055 4,298,847

Annexed is a return] showing the value of the grain and flour

imported into the United Kingdom during the fir.-t nine month*

June 22, 1878. THE CHRONICLE 617

of the present season, compared with the correspoodinn period in

the three previous seasons:

IKT-TS. 1876-17. l37y-76. 1874-75.£ £ £ £

WhMt «6,848,0(» 17,110,ata Sl.SW.SW 15,0 0,'26

Barloy 4,79',878 «.«48.7»a «.9«,li05 4,ii97,2.0

Oatii I.l»7,ai0 8.24!.S(H S.MO.'.Bl 4,l.^l.u2r

Peas BM.HS 4S9.8S7 5«i,601 68H.() 3Beans 97S,Bt9 I,SJ»,«S2 1,217,1-55 977,0:'.l

IndlanCom 8,151,0)1 7,9)l,6i« 6,-Sl,887 4,«87.0liFloor e,136,e01 4,S«4,iaO 3,90i,40S 3,<I09,-!8S

ToUl... 49,107,*74 88,815,101 89,831,334 83,6»!!,50»

Our imports of cereals are estimated to have cost us this

season, therefore, nearly £11,000,000 more than in 1876-7. Theincrease in wl-eat is £8,730,000 and in flour £1,360,000.

Sifxilcli tlarKet Keporta—Fer Cable.TheJaily olosiQi^qaotatiousinthe marketeof London and Liver-

pool for the past week have been reported by cable, as shown inthe followini; summary

:

London Money and Stock Xtirket.—The bullion in the Bank ofEngland has increased £181,000 during the week.

Sat. Mod. Toes. Wed. Tlinr. Fri.Consols for money.. 95 7-18 95 7-16 95 7-16 93 7-16 94 7-16 95 7-16

" accoant.. tS 9-18 95'^ 95 7-16 95 7-16 95 7-16 95 7-16D.8.6s(5-Ms) 1867..xl0bJt VH\% 106X lC65i 106^ 107D.S.10-4a8 1U9H 109X W9X 109« 109J< 10»Ji5«ofie8I 10;j< lu7>f 107X lOTX 107J< 108New4>i8 105>f 105X 105X van \ai% 106

Uvtrpool UoUon Xarktt.—dee special report of cotton.

Liverpool Breadatu^s Market.—Sat. Mon. Taes. Wed. Thnr. Frl.s. d. s. d s. d. s. d. a. d. a. d.

riODf (extra Siate) VbbI «S6i5S 250 25 250 230Wheat (R. W. spring).* cU 8 10 8 10 8 10 8 10 8 10 8 10" (Red winter) " 10 3 10 8 10 10 10 10" (Av. Cal. wliito).. " 10 3 10 3 10 1 !0 1 10 1 10" (C. White club)... " 10 6 10 6 10 6 10 6 10 6 10 4

Oom(new W. mii.)» quar. « 6 3! 6 82 22 Si 22 9Peas (Canadian) V anarter, 35 35 35 35 35 35

Liverpool Provitions Market.—Sat. Men. Tnes. Wed. Thnr. Fri8. d. 8. d. 8. d. s. d. s. d. 8. d.

Beef (prime mess) f tc. .. 75 74 74 74 74 72Pork (W't. mess),... » bbl 42 6 42 6 42 6 42 « 43 43Bacon (I'g cl. m.)... ^cwi 2B 6 26 6 36 6 86 6 86 6 87Lard (.American) ... " 35 35 35 3 35 6 35 9 36Cheese (Am. dne) new " 48 47 47 47 46 6 16

Liverpool Produce Market.—Sat. Hon. Taes. Wed. Thar. trri.

8. d. '8. d. s. d. s. d. s. d. 8. d.BoslD (common)... ^cwt.. 49 49 46 46 49 49" (fine) " 10 10 10 10 10 10

Petroleuai(reflned) Ve&i 9ii 9X 9X 9X 9>f 9iii«piiit8) "77 7 7 6>i 6)4

Tallow(primeClty)..» cwf . 37 3 37 8 37 3 37 3 37 3 37 3Snlrits taroantine " 83 23 23 23 83 J3CnoverseedCXmcr. red) 40 40 40 40 40 40

London Produce and OU Market).—Sat. Mon. Taes. Wed. Thnr. Frl.£ 8. d. £. s. d. £ 8. d. £ 8. d. £ 8. d. £ 8. d.

Uiu'dc'ke(obl).V tc. 9 00 900 900 900 900 900Unseed (Cal.) $ quar. 49 6 49 6 49 6 49 6 49 6 49 68ns:ar(No.l2 D'ch std)onepot, Vcwt 23 6 22 6 23 6 23 6 23 6 23 «

Spermoil ytaD..69 69 69 69 6^ 69Whaleoll " .:)5 35 35 35 « 85Linseed oil. ...« ton 27 27 5 27 10 27 10 27 10 27 10

June t5-8tr. Donan Soothampten Foreign •liver..., t7,(8tJune 15—Str. Qermanlc Liverpool Foreign silver.... 800,699

Amcr. silver bare. 8,840

ToUl for the weak (|849,128 silver, and tM,000 sold)....Prevlonsly reported ($3,118,318 sliver, and |5,031,3«I gold)

t88t,l.>8

6,149,(79

Total since Jan. 1, 1878 (f3,467,446 silver, and (},06S,3«1 gold).. . 18,583,907Same lime In— i Same time lu—

1877 117,913,238 I 1871 139,787.1801878 26.711,441

I1870 1«,'IM.080

1875 47,021 525 1869 14,U7.7»1874 27,389,285(1368 44,59.1.1591878 25.759.J27

I1867 23,4'.5,56l

1372 33,116.821 1 18r6 44,948,51)4

The imports of specie at this port during; the same periods havebeen as follows :

Jane 10—Str. Ailsa Aspinwall A mer. sliver fSOOAmer. unld 74SQ^lddust 5,120

.lane 10- Bark nornct . PnertoCaliello... Amcr. gold 30,0<0Jnne 11—Str. NiHgara Havana AmerRpH 1,000June 12—Str. Vera Cruz Vera Cruz Amer. silver 1,850

Foreign sliver.... 3.16,709bllverbars 400Foreign gold 4,500Amer. KOid 1,925

Jane 14—Str. Colon Aspin-jrall Amer. silver 28,272Amcr. gold 2,810Silver bars 6,018(iold dust 850

Jnne 14—Str. Alaska Acapa'co Amcr. silver 90O

Total for the week (f880,949 silver, and $«,98n goirt) t42r,929PrevloasiT reuorted ($7,912,040 silver, and $1,389,214 gold) 13,301,251

Total since Ian. 1, 1878 ($?,292,989 silver, a[;d $1,436,191 gold).. .112,729,188Same time lu—

1871 $8,167,5071870 7.047,8781869 9.594.6781868 3.951.2341867 1,689,019

Same time m—'.877 $7,243,4091876 1,'j20,564

1876 6.734,0591874 2,4-38,359

1873.... 2,594,1151872 782.4?5

The transactions for the week at the Sub-Treasury have beenas follows:

, Receipts. , . Payments. .

Coin. Cnrrency. C<.ln. Currency.$18!),tta8 89 $9h3,377 .35 $145,^61 26 $1,074,642 (0

Cnstoms.June 15 $176,000

17..

18...

19...

20...

21..

2f4 000197,000210000243,000il8,000

270,297 03500,833 763.13,111 5S269,5<ll 50227,670 86

169,027 711,047,090 851,781, i97 65637.971 91

'.,683,768 84

62.05;) 02124.6Sti 12887,481 97h8,2?6 61

173,9t,2 49

1,145.116 U759,877 93

1,1(3,-71 474< 3.406 04894,325 98

(C^cimuvcvcliilau(l|^\iscclUvuco\(sJXcxus.

Imports and Exports for thb Wbbk.—The imoorts lastweek showed a decrease in dry goods and an increase in (reneralmercliandise. The total imports were $6,2d2,076, againet14,695,355 the preceding week and f5,517,360 two weeks pre-vioos. The exports for the week ended June 18 amounted to

16,352,760, against t6,677,748 last week and 15,139,553 the pre-vioas week. The following are the imports at New Tork torweek endinir (for dry goods) June 13 and for the week ending(for genera merchandise) June 14:

rORKlOM IMPOBTB AT MBW TORK FOB THB WXKK.

Dry goods....General merchandise..

.

1875.$n9l,0ii9

3,789,8a2

Total for the week. $4,683,961Prevloasly reported 163,123,710

Since Jan. 1 .,$169,812,671

1876.

$718,3345.01 ',,399

$5,783,733'.43.872,663

1877.$777,4927.62i»,418

$8,297,9101 43, 41 i, 179

1878.

$769,8005,512,876

J6,2«2,(i76

127,195.334

$156,780,389 $1.33,4(7.460$149,006,396

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 of specie^from the port of. New York to for^gn ports for the week endingJune 18:

BZrOBTS rBOM MBW TORK FOB THB WEBK.1877 1813

$4,820,173 $6.8.52,760118,tl75,091 15_2,I85.'J66

Since Jan. 1 $ 1 10,836, 32 4

1875.For the week |5,6;2,8;9Previously reported.... 105.163,605

$114,056,634 $^23,7g5,2>i4 $158,438,086

The following will show the exports of specie from the port o(New York for the week ending June 15, 1878, and also a com.parison of the total since Jan. 1, 1878, with the correspondingtotals for several previous years

:

Jnne 10—Sir. Crescent City Asniiiwall Amer. goldJune 12—Sir. St. Laurent Havre Amer. silver coin.

T .o c. „ , .•A'n r. gold coin..

Jnne is—btr. San Jacinto Nassau Amer. gold coin..

T .. „. „,, - Amer. silvir coin.JnneU—Str. City nf Brussels... .Liverpool Amer. silver bars.JunelS—atr. Wletosd Hamburg Amer. gold coin .

.

$5,000bOO

20U004,010

2,4378.8505,0UO

Total $:,30S,OJO $1,781,163 tO $6,831,6i3 71 $1,462,321 47 $5,381,240 68Balance, Jane 14 • 125,006,9fi3 50 43,071,477 16

Balance. June 21 125,325,810 50 43,571,869 91

New Orleans City Bonds.—A decision was recently renderedby Judge Billings, of tbe United States Court, in the district

of Louisiana, in the suit of Vignier against the city of NewOrleans. The suit was brought upon a judgment previouslyobtained against the city upon the coupons of come of

. the consolidatad bonds of 1853.

The complainant askud for a mandamua to iasuf; against the

jCommon Council, directing it to levy the tax in accordance withthe provisions of the act of 1853. The defense was interposedthat the act permi'ting the issue of tiie bouda was unconstitu-tional, and therefore void, because of a defect in the title of theact. It was also claimed that section 37 of the act was void,because it violated a provision in the constitution which requiresthat all property should be taxed equally.Upon these points the judge decides that the bondj are legal,

and that the act of 1853 is not unconetitutiouat by reason of anydefect in the title, but he pronounces the provisions of the actdirecting the manner in which the tax shall be levied unconsti-tutional and \roid. The reason given is that the tax provided is

not equal and uniform, as required by the constitution. Thisfact is evident from the public records and archives, which willshow that no tax, under the provisions of the act of 1853, hasbeen levied since 1856.

The opinion copcludes as follows: " Whether, therefore, thecase be put upon the iii validity of section 37 of the act of 1853, orupon the doctrine of the acquiescence on the part of the relatorand those similarly situated in the act of 1856 and the subsequentacts, it follows that the bonds and coupons either sprang intoexistence and were put in circulation without any valid means oftaxation being provided for their payment, or that, a valid meanshaving been provided, it has, by the consent of the contractingparties, been put aside, and another substituted.

Upon tiiese grounds the application for a mandamus wasdenied. The effect of the decisioo is apparently to place the con-solidated bonds on an equality with other bonds which have nospecial provisions of taxation for their payment.

—Messrs. Jesup, Paton & Co. have sent us a copy of theannual report of the Merchants' Bank 6t Canada—the first issuedsince the reduction of its capital and change in the management,which were made to plac^ it on the safest and most conservativebasis. After the rigid examination into the affairs of tbe Mer-chants' Bank and the writing off of every bad and doubtful debt,it is generally regarded as one of the soundest of the Canadianbanks. From the annual report, we see that the capital has beenreduced by one third, and now stands at—paid up, $5,161,790;contingent fund, $530,000; rest, $475,000. The profits of thebank during the past year have been $403,203, or 8) per cent onthe capital, out of which a dividend of 7 per cent has just beenpaid. The balance of contingent fund will probably be trans-ferred to rest, or reserve, and raise this to nearly $1,000,000.The Clydesdale Banking Company are the foreign agents uponwhom the i-tfrling bills are drawn, and the New York agency is

with Jesup, Paton & Co.

—Tbe Oriental Bank has declared a semi-annaal dividend offive per cent free of all tax, payable on and a/ter July 1.

618 THE CHRONICLE. [Vol. Xtn,

NATIONAL BANKS ORGANIZED. "~~~"

The United States Comptroller of the Currency furnlBhes thefoUowin;: Btatement of National Banks organized the past week :

2,386—National State Bank of Bloomin!»toB, Illinois. Authorzed capital,tl(X',000; paid-in capital, $100,000. Frank Hoblit, President; A. B.Hobiit. Cashier. Authorized to commence business June 5, 1^78.

2,387—First National Bank of Cannon Falls, Minnesota. Authorized capital,$50,00(1; paid-in capital. »50,OCO. .President; L. S. FoUett, Cash-ier, Authorized to commence basiness June 10, 1S78.

DIVIDKNUM.The followlc2 dividends have recently been announced ;

Kahb op Compant.

RaUroads.Connecticut RiverKentucky Central com

,

Kentucky Central prefOld Colony *

,

Providerce & WorcesterRichmond & PetersburgRome (Ga.)

United New Jersey (quar.)Banks.

Bank of 'mericaBank of N. T., Nat. Banking Ass'nFourth National

,

Hanover Nat.Importers' & Traders' NatMerchants' Nat

,

Metrooolitan NatNat. Citizens'National Park

,

Nat. Shoe & LeatherOriental . ,

Insurance.Hamilton Fire

^niiicellaneoaa.Central Trust CoWells, Fargo Express

When Books Closed.Cent. Payable. (Days inclusive.)

41

3322

2X2%

4

3X33^47853

s5

84

July 1.

June 28June 88July 1.

July 1.

July 1.

Ou dem.July 12.

July 1.

July 1.

July I.

July 1.

Only 1.

July 1.

July 1.

July 1.

July 1.

July 2.

July 1.

July 1.

July 1.

July 15.

June 23 to June 30

.JuneSl to JuneSO

June 22 to July 8June i2 to Ju.y 4June 2 6to June 30June 31 to June 30June 20 to June 30June 2« toJune 22 to July 7

June 19 to June 30June 2J to July 1

June 31 to JaneSO

June 21 to June 20July 6 to July 15

KRIUAV, JUNE 31, 1878—5 P. in.The :TIoney market and Financial Situation. The event

of this week, overshadowing all others in the importance of its

bearing upon husintss interests, was the adjournment of Con-gress. The National Legislature terminates its session, and thefinancial and commercial interests of the country heave a sigh ofrelief. It is not desirable that Congress should come to be lookedupon as a bete-noir, and its sessions dreaded a« a calamity to thebusiness community, and how does it happen then that we find it

so nearly in this position? Perhaps no better answer can befound to this inquiry than in the general reply that Congressshows an ignorance of or indifference to the wants of thoseengaged in commercial or financial pursuits. The truth must besquarely faced that the National Legislature, made up of dele-gates from all parts of the country, is and will be composed ofmembers who represent agricultural and other interests far morelargely than they represent constituents engaged in trade orfinance. And in looking for the principal causes which accountfor the votes of the average Congressman (aside from mere pol-itical party questions), we may place, first, a supreme regard forthe local interests of his own district, and, second, a profoundignorance of the general measures in jmlitical economy whichwould contribute to the prosperity of the whole country, evenincluding his own district.

The money market continues quite easy, as heretofore, and oncall loans the range on government and miscellaneous securitieshas been 3(g3 per cent. For prime commercial paper there is agood demand at 3i@4 per cent, with some transactions in excep-tionally choice 60 days' paper at 3 per cent.

The Bank of England, on Thursday, showed in its weekly statenient a gain of £181 ,000 in specie, and its reserve was 40 9-lC percent of liabilities, against 39| per cent the previous week. TheBank of France showed an increase of 17,900,000 francs in specie.The last statement of theNew York fity Clearing House banks,

issued June 15, showed an increase of fl, 113,150 in the excessabove their 35 per cent legal reserve, the whole of such excessbeing $15,161,S00, against $14,049,650 the previous week.The following table shows the changes from the previous week

and a comparison with the two preceding years :

Loans and dis.

SpecieCirculation ..

Net deposits .

Legal tenders.

1878.June 1.5.

^234.639,10017,103.20019.981,900

205,783,20049,502,900

Differ'nces fr'mprevious week.

Dec.$l ,493.800Inc . 304,000luc

.

3.300luc. 3.513,400Inc. 1,086,300

1877.Jime 16.

^230,687,50018,332,10013,971,000

222,665.80056,363,600

1876.June 17.

$246,862,10015.318,20015.646.400

208,603,00054,360,200

Vnitrd states Bonds. —There has been an active demand forgovernments, and the leading dealers have been kept well occu-l)ied. The demand has come from all parts of the country, andthe amount of bonds sent to New England is particularly heavy.One firm also sent about $000,000 to Philadelphia during theweek, which was considered a large transaction in that direction.It looks very much in this market as if some of the foreignbankers had sold bonds short early in the season, and havingborrowed them for delivery, purjwsing to buy lower in London orhere, will be disappointed in their expectations.The Secretary of the Treasury has issued the sixtieth call for

the redemption of 5-30 bonds, and the interest on these willcease Sept. 20. The following is a description of the bonds:Coupon bonds dated July 1, 1865, namely: $50, No.s. 60,001 to 62.000.

l)oth incliiKive; $100. Nos. 103,001 to 106,000, both iMclusivc; $300, Nos.72,001 to 74,000, both inclusive

; $1,000, Nos. 130,001 to 135,000, bothiueliisivc. Total coupon bonds, $2,300,000.Registered bonds, ri^deemablc, at the pleasure of the United States

after July 1, 1870, as follows: $30, No9. 2,101 to 2,200, both Inclusive:#100, N»8.17,151 to 17,600, both Inclusive; $500,*Nos. 10,001 to 10,200,

both incluaive; $1,000, Nos. 33,101 to 33,700, both inclusive; $5,000,Nos. 8,901 to 9,100, both inclusive; $10,000, Nos. 16,751 to 17,100, bothinclusive. Total registered bonds, $2,500,000. Aggicgate, $5,000,000.

Closing prices at the N. Y. Board have been as follows:

Os, 1881 reg.6s, 1881 coup.08, 5-20S, 1865...reg.6s, 5-20S, 1«65 .coup.6s, 5-20S, 1867... leg.08, 5-208,1867 -coup.Os, 5-208, 1868... reg.68,5-208,1868 .coup.58, lO-lOs reg.38, 10-40a coup.58, fund., 1881. ..reg.Ss, fund., 1881. .coup.4ia8, 1891 reg.4''28, 1891 coup.48, 1907 reg.48, 1907 coup.68, cur'cy, '9.5-99-reg.

Interest June June June June June JunePeriod 15. 17. 18. 19. 20. 21.

103^8nose's•1015810434

*1043i107^8'107

'•IIOI4,'1071-2*107ia* 105 58•103=8*10338103 '210014101 ig

120»4

106%109'1015810408'104!%

1077e106^8>110i4

107 ifi

IO7J2103^105%1033810338'100%'101'120>4

1061810933lOl^s104%105108106%'IIOI4IO7I2107=8105%lOS'a103L!10338'100 Is

'lOlig1201s

106=8109=8'10210510510818IO718'11038107%•107%'loss's

1061031a103 12IOOI4101 %120%

106=8*10634109=8 10934102% *101

'8

105105%108%107=8'110%108%

'104''8

IO314108%10738110%108%

108%;*108%106% *106%106% 106%103=8103%10014IOII4120%

103=8•103%*100%noi%120%

• This is the price bid ; no sale was made at the Board.

The range in the prices since Jan. 1, 1878, and the amount ofeach class of bonds outstanding June 1, 1878, were as follows:

6s, 1881.... cp.6s,5-20.s,'65.cp.6s, 3-208,'67.cp.68, 3-20s,'68.ep..58, 10-408... cp.58,fimd.,'81.cp.4%8, 1891 ..cp.48, 1907 ....cp.68, cur'ncy.reg.

Range Bince Jan. 1. 1878 .

Lowe8t. Highest.

105% Feb.102=8 Jan.105 Feb.10634 Jan.10378 Meh.102% Fob.loin's Meh.10038 Apr.II714 Apr.

109%105%108%110%108%10638104'8102%122%

Amotmt June 1.

Registered.

Jime 21June 6Juneli)Apr. 23Jan. 26'Jan. 24lMay 24iJan. 9

1

May 251

$19451

10515

144232148,66,64

842.230328,230861,300950,000,221,050,149,800,359,100,739,850623,512

Coupon.

$87,894,10035,527,800

204,755,00021,513,30050,343,250

276,290,35086,640,90025,110,150

Closing prices of securities in London have been as follows:

June June7. 14.

U. 8. 68, 5-208, 1867 1109% 109%U. S. 58, 10-408 [10938109%58 of 1881 110738; 107=8New 4% per cents ilOSSgl 105%

June21.

xl07lOO^s108106

Range since Jan, 1, 1878.

Lowest. Highest.

IO514 Jan. 2104% Feb. 2510338 Meh. 1

102% Feb. 25

109=8 June 81(J9~8 June21108 June 21106 June 21

State and Railroad Bonds.—Louisiana consols have con-

tinued their upward movement an'l sold to-day at 79f, which is •

about 10 per cent higher than the lowest price made in their late

decline. It is estimated that this market has taken altogetherabout $1,000,000 Ijonds from New Orleans, and this has so muchrelieved the parties who were loaded up with them that thecause for depression has ceased. South Carolina bonds arepretty firmly held, and the January, 1878, coupon on the "good"consols will be paid in July.

Railroad bonds have been fairly active at prices generallystronger. St. Louis Alton & Terre Haute income bonds havedeclined to 36, and the second mortgage bonds were quoted to-

day at 70@74|, in consequence of tlie threatened reduction ofguaranteed rental.

Messrs. A. H. Muller & Son sold the following securities at

auction

:

Shares.41 United RR. & Canal Cos.

of N. J 12334 Third Ave. RR. Co 109%23 Sixth Av. RR. and $1,750

scrip for $2,65070 Third Ave. BR 110

430 Eureka Fire Hose Co.$l persh.Bonds.

$5,000 Third Ave. RR. 7s, due1890 100 and int.

1,000 Inrtianapolia & St. L.RR. 1st M. 78, scriesA, due 1919 68

3,000 Atlantic Dock Co. Istmort. 78, due 1882... 98%

500 Long Island RR. Atlan-tic Ave. Improv. 7 per

Bonds.$11,000 Dunkirk Warren &. P.

RR. 1st mort. 73, gold,due 1900, guar, by N.Y. Cent. & Hud.l07®107%

370 Pacific Mutual Insur-ance scrip of 1872 .. 30

360 Pacific Mutual Insur-ance scrip of 1875 .. 30

760 Pacitlc Mutual Insur-ance scrip of 1876 .. 25

2,000 Towu of Southftsld(8tatenl8l'd),N. Y.,7per et. drainage bds,due Oct. 9, '78, April,1874, coupons on 5

10,000 Kans.A Nebraska Rail-way Ist mort. 78, due1905 19ct. certificate, duo '79 25

The following were also disposed of auction:

Shares. IBonds.

5 Manhattan Life Ins. Co 325 | 1.000 New York & Rock-Bonds. away Railroad 1st

$16,000 Jerse.v City 78. ..108 &lnt.I

mort. 78 50

Closing prices for leading State and Railroad Bonds for twoweeks past, and the range since Jan. 1, 1878, have been as follows:

States.

Louisiana consolsMissouri 6s, '89 or '90

North Carolina 6s, oldTennessee Os, old -

Virginia Os, cousoldo do 2d series.

Dist. of Columbia, 3-65sRailroads.

Central of N. J. Ist consol . .

.

Central Pacific Ist, 6s, gold.Chic. Burl. & Q. cousol8,7s .

Chic. & Northwest, cp., gold.Chic. M.& St. P. cons. a. f. 7s.Chic. R. I. & Pac. 6s, 1917..Erie Ist, 78. extendedliake S. & M. S. 1st eona., cp.Michigan Central consol. 7s.MojTis & Essex 1 st mortN. Y. Cent. & Hud. lat, cp. .

.

Ohio & Miss. cons. sink. fd..

Pitts. Ft. Wayne & Chic. Ist.

St. Louis & Iron Mt. Ist m...Union Pacific 1st. 68, gold. .

.

do sinking fuud...

June14.

72=810716*36'70•2584%

108II31497 'a101%109%113

117121•101%'120=8105%108101%

June21.

7938^107*16i4•36•72%•25•83

"8510811399101%109%113%114•IIOI4•117•121101%'121108%108'103

Range since Jan. 1, 1878.

Lowest.

69% June 8104% Jan.15 Meh. 2933% Jan. 4

74 Apr. 12

64i4Mch. 4103=8 Jan. 15109 Jan. 2gi'sJan. 1491% Jan.

"

106 Jan. 5110 Jan. 7109 Jan. 10105% Jan. 51 15% Jan. 5118 Jan. 7OS'fs Feb. 20118 Feb. 8103 Apr. 5103=8 Jan. 79238 Meh. 6

Highest.

85 Feb. 11107 Jiuio 1418 May 2539=8 May 14

85 Juno 10

8314 June 19108% May 29113% June 15I0314 May 31102% May 25109% June 17114% Apr. 20112i4May 27110% Apr. 27120 Apr. 29121% Juno 5101% JuuolO121% JnnolS10938 May 24108 14 Mav 27103 June 10

* This Is the price bid ; no sale yra» made at the Board.

Juhb 23, 1878. J THE CHRONICLE. 610

Hallroad and UlUoallaneous Stoeka.—The Htock ninrkot

lias bocn soiiK'whnt unsettled and variable in tone. One of the

principal features has l>een the weakness in I..ake Shoro stock

under free sales, and as this movement commenced soon after

Mr. Vanderbilt's return from Europe, rumor has naturally attri-

butini tho sales to him, althoufrU wo are not aware of any (food

foundation for such a report. The Northwest stocks have declinedsince they sold ex-dividend, as many expected they would.Western Union Telegraph has been among the firmest of theleading speculative stocks, on account of its favorable exhibit onthe last quarterly statement. The price of Cleveland & Pittsburgstock has declined to 78@79, probably affected l)y the action of

the Pennsvlvania Company in regard to tho rental of the St. Iôuis

Alton & 'ferre Haute Itailn)ad ; jjoasibly also bj- the fact thatnothing ha,s been openly done or announced yet as to the opera-tion of the famous Pennsylvania liailroad trust scheme, underwhich $100,000 per month was to be used in the purchase ofguaranteed stocks and bonds. Upon the whole, the stock marketas a very fair outlook, and tho volume of freight to be carried in

tho country during the next twelve months will probably be verylarae.

Tiie daily higliest and lowest prices liave been as follows:

C'entral of N..)

.

Ctllc. Kurl.& 6.C. Wll.&St. P.

do pref.Chtc. & North.

do pref.C. K. I. & Pac.Del.& H. CanalDel, Lack.ft WErieHan. * St. Jo..

do pref,IlUnalsCent...Lake Shore ..

illchiffiin CentMorris .« EssexK.y.c. 1 11. 1

.

OhloA Miss...PaciacMail....PanamaWabashCnion Paciftc.West. Un.Tei.Adam? K.\pAmerican cix..United states .

WellJ. Far«o..Qnlcksllrer....

do pref.

Saturday,•Tune to.

Monday,June 17.

Tuesday. Wedn'^Jd'y Thursday, Friday,Jane|8. June 10. Juoe20. Jnne21.

31 31^106)^ lOM

^^

47j,

83U 8-1^5«« sayi

' These ;ire the i)rioe.'* bid and asked: no sale wa.s made at tlie Board.

Total sales this week and the range in prices since Jan. 1, 1877,were as follows:

Central of N.JChic. Burl.& Quiucy.Clue. Mil. ,fcSt. P.. ..

do do pref.Chicago & Nortliw. .

.

do <1() pref.Chic. Rook Isl. & Pac.Del. & Hudson CniialDel. Lack. & WesteniEricHannibal & St. Jo. ..

do do picf.minois CentralLake ShoreMlehisrau CentralMorri.^ & EHsexN. Y. Cent. & Hud. R.Ohio >fc MlKKinsippi . .

.

Pacilie MailPanamaWabashUuidu PaclllcWestern Union Tel. .

.

Adiiiiis ExiireiWAmeriian Express .

.

United States Exp...Wells, Farjro & Co...Qiueksilver

do pref

Sales ofWeek.

I

Shares. Lowest.

Jan. 1, 1878, to date.

8,0841.5.50

82,9105,925

5(>,46017,:j'2l)

15,4704,441

81,09288,250

7001,0002,080

283,03111,1002,6004,9059,775

37,80575

11,0123,055

54,495215145

30

2.300

I3I399 143fiR8i833I859%98^454(>38

7=810215872 )8

58^8581-2

67%103%

145811212U64=875 149847468212141a29%

Jan. 2Feb. 28Jan. 2Jan, 30Feb. 11Feb. 9Jan. 15Jan. 5Mch. 5Jan. 5Feb. 28Feb. 28Feb. 14June 21Jan. y.

Feb. 28Feb. 11Jan. 16June 21Jan. 5June 21Jan. 4Feb. 13Jan. 8June 14Jan. 22Jan. 7June 13Feb. 5

HiRliest.

Whole year1877.

32 Jimo 41

108 June 7',

54% May 3181 May 3155I4 Apr. 1778 14 May 31lliJiaJuue 75812 June 1059% June 1017=8 June 513% Apr. 1631% Apr. 16i5% JimcllJ914 Apr. 1572=8 Apr. 1889 June 10112 June 11III4 .\pr. 1523^8 Jan. 16131 Feb. 2520% Apr. 573 Mch. 2086% Juno 14104 May 10.5212 May 851% Feb. 2595 June 519% Feb 2537 June 15

Low. High.

37%11878421873 1443786912

1051a74I277151579

337a7973%74 14

921aIO91411%26I4130

6941140781537%82%251a30-84%7

174OI24535=851I4851421a

12'880

59%569143I4368113197rt

7384=8105()0i4

59%902445

Total sales of the week in leading stocks were as follows:

North- Lake West'm St. „ , Del. L. Pacificwest. Shore. Union. Paul. Erie. & West. Mail.

June 15 8,000] 12,570 8.120 9.475 32,930! 10,900 50" 17.... 11,050; 63,485 5.210 12,<i0ol 20,2751 8,700 2.975" 18.... 6,105 54,060 21.165 9,325] 10,450 14,325 2,200" 19.... .5.205 77,419 7.7.50 I7.210I 12,235| 17,700 8,650" 20.... 9,800, 41,670 6.100 7,.500^ 5 5.50 10.400 12,8(KI" 21.... 16,300, 33,827 6,1.50| 26,800j 6.810| 19,067 11,130

Total . .

.

56,460 283,031 54,495 82.910I 88.250I 81,092 37,805Whole stock. 151.031 494,665 337,874 1.54.012 780,00O'524,OOOl2O0.O0O

The total number of shares of stock outstanding is given in thelast line for the purpose of comparison.The latest railroad earnings and the totals from Jan. 1 to latest

dates are given l)elow. The statement includes the gross earn-ings of all railroads from which returns can be obtained. Thecolumns under the heading "Jan. 1 to latest date" furnish thegross earnings from Jan. I to, and including, the period men-tioned in the second column.

-Latest earnines reported.— .—Jau.l to latest date .

Week or Mo. 18Atcli. Top. & 9. F. 1st wk J'no $(i0,0f)0Atl. & (it. West... April 276,372Atlaiiti<Mist<.& O.April 126,931B\irl.& .M<i.R.inN'. April 146.362Bur. C. Rap. At N.2dwk J'no 25,048Cairn & St. Louis. -May 24,2.39Central Pacine....May 1,574,000 1,554,653Chitago A Alton . .3d wk J'no 94,959 96,860Cfflc.Bnrl. & Q.May 1,157,447 017,447

1877. 1878.$:«),719*I .307,383303.1 li

124,64668,97814,90123,333

l,TD8.8e3516,.508498,737739,28985,197

6,407,4101.828.7655,402,631

1877.$890,6591,103,574,501,49.^288.212391,311103.757

6,354,4711.846,3394.514,313

-I<atest oarninKX r(.:)ortcd.—. Jan. 1 to latent date.Week or Mo. 1878

Chic. Mil. & St. P.2dwk J'no 141.000(lev. Mt. V. ik I> May 30,388Dakota .Southern .\pi-il 19,777Deiiv. A P.lo (! ...Istwk J'lie 18,507Detroit & Mllw . . April 77,364Dubii(iHei<t».CIIv.l.''twk J'no 17,.375Erie ".

. .March 1,147,208 1,170,714(Sal. II. &S. Ant. April 90,682 70,4.30Grand Tntnk.Wk.end.J'ne 8 1.53,.")79 155,335Gr't Western .Wk.end.J'ne 14 71,.578 73,851111. Cent. (Ill.llne) . May 444,255

rto Iowa lines May 132,267do Sprbuff. dlv..Mav 17,646

Iiidlauap. Bl. &W. Ist wk J'ne 22,015Int. A Gt. North.. 1 St wk J'ne 15,188K.an.sas Pacitle.. .2dwk J'ne 51,528Lonisv.Cln.&I-cx.Aprll 64,761I>oiii.svillc&Nasli.April 360,000Michigan Central.March 578,432Mliineap. & St. L.March 31,520Missouri Pneltlc. April 334,535Mo. Kaus. & T«x .May 206,757Mobile& Ohio. ...April 115,325Nashv. Ch.& St. L. April 128,469N(ntheru Pacific .March . .

.

59,229Pud.J; Elizabetht.-May 24,970Pad. k Memphis. . May 19,336Phila. & Erie April 215,090

1877.12»,70fl.')5,808

18,80612,.'»00

70,63613,819

369,49595,028

'2i',73915.78153,28172,997

,361,372534,213

332,169231,30797,037126,37237,30824,20216,424

225,827

1878.3,»O9.0()O

1.50,79107,.3O5

305,730

1877.2,643,822149,00549,377

201,135

428,2523,572,0373.55,721

3,8H0.O7O2,052,7992,044,732633,74674,220

552,2.54525,736

1,310,559274,445

1,705,2001,632,445102,395

1;272,6621,048.246741,862605,303139,319

319,8283,262,720303,8,53

3.838,.5081,840,7281,787,845504,116

516,045600,376

1,214,382306,570

1,6.59,1671,510,737

1,193,.5411.172,810642,499564,90878,717

Phila. & Readiup. April 991,029 1,340,119St.L.A.&T.H.(br8)lstwk J'uo 9,130 7,518St. L. Iron Mt.&S.lstwk J'ne 72,900 72,512St. L. K. C. & No. .2d wk J'ne 55,260 32,705St. L. & S. Fran.. .2dwk J'ne 17,966 22,840St. L.&S.E.(St.L.)May 46,021 44,418

do (Ken.).MBy 29.036 22,697do (Tenn.I.May 18.071 12,695

St. Paul & 8. City. April 49,579 38,269SlouxCitv&St. P-Aprll 28,974 21,579Scioto Valley 2d wk J'ne 6,066Southern Minn. ..AprilTol. Peoria A: War. 1st wk J'neWabash 2dwk J'ne

86,068804,604

2,885,753193,645

1,685,1651,409,887491,919239,601134,16568,997

180,248116,595101,164238.667558,090

2,047,922

73,699878,568

3,806,646210,930

1,730,4891,321,357556,876232,6411 17,20158,421

129,47173,970

59,900 31,000 238.667 135,49421,935 19,636 558,090 438,12973,925 82,974 2,047,922 1,862,525

The Gold Market._(3lold has declined again since the failure

of the last Greenback bill in Congress, and sold to-day at 100|.

On gold loans the borrowing rates were 3 per cent to flat. Silver

in London is quoted at 53d. per oz.

Tlie range of gold and clearings and balances were as follows :

June 1.5..'• 17.." 18.." 19.." 20.." 21..

This weekPrey, w'k.S'ce Jan. 1

Quotations.

OpenI

Low. High CIos.

100% 100%100% 100%100% 100%

1007hIiOO%100% 100%100% 100%

100% ioo%iioo%!ioo%100% 100%! 100%100% 100% 100%

100%' 100%101 1100%10279 10019

1007810110278

100%100%

100%100%100%

GoldClcarinKS.

Balances.

Gold.I

Cnneuoy.

$12.014.000iiill..^S3,025 $1,597,08514,929,000; 1,314,828 1,328,072ll,394,000i 981,50()| 991,75210,tJ03,00010.091,0008,377,000

$67,408,00060,228,000

1,325,166992,050923,000

$878,000

1,421,4221,000,376979,934

$888,708

Dimes & ^ dimes. — OSia® — 98%Silver 14s and las. — 98ia® — 98%Five francs — 93 a — 94>aMexican dollars.. — 92ia® — 93English silver 4 75 ® 4 85Prus. silv. thalers. — GS ® — 70Trade dollars — 98i<>® — 98%New silver dollars — 99%a — par.

The following are quotations in gold for various coins:

Sovereigns $4 87 ®.$4 90Napoleons 3 92 ® 4 00X X Reichmarks. 4 75 ® 4 81.XCiiiilders 3 90 -a) 4 108i)an'hDoubloon8.15 70 -316 00Mcx. Doublo<ms..l5 50 ®15 70Fine silver bars . . 1151^® 116Fine koUI bars par.Ûprem.Exchange.—Foreign exchange has been very dull, and to-day

there was hardly anything doing for to-morrow's steamers.

Bankers do not care to draw as they cannot replace their bills bythe purcliase of commercial exchange according to their usual

custom. Sterling bills to-day were quiet and steady at 4 [email protected] for bankers' 60 days' , and 4 86i@4 87 for demand.

In domestic bills the following were rates on New York to-day

at tho undermentioned cities: Savannah, buying \, selling J pre-

mium; Charleston, easy, offerings light, 3-16@l-5 premium,

i premium; New Orleans, commercial 1-16, bank J ; St. Louis,

$1 premium; Chicago, .50 premium; and Boston, 12^ premium.Quotations for foreign exchange are as follows :

JCSE 21.

Pi'inie bankers' sterling bills on Ix>ndon.(ioD.l bioikiis' and prime commercial...( ioiuX coimiiercialDociimeutary commercialParis (francs)Antwerp (francs)Swiss (francs) '.

Anistenlam (guilders)Hamburg (lelchniftiks)Frankfort (reichmarks)Bi*emen (reichmarks)Berlin (reJchmarcks)

60 days.

4.^14.-<l4.-^:i

5.15.15.184095959595

i a I

I" 1

a \

1.J a 1

•- // .">

1^ // .".

1- .

'

.851aSl%sixaij!•'«%

ir>%

3 days.

•a

!t.-.'4

05H95 14

4.86%»4.87i34.86 94.86\4.85 ®4.85»s4.84«aa>4.855.16i4®5.13%5.16i4®5.13%ri.l6i4®5.13%1014S 40%'.)5iga 95%95>aa 95%95i«® 95%95133 95%

Boston Uank*.banks for a series

Loans.%

181.486.1001*3.87»,4001'«,5W,1C0liS,«32,»00

1S1,973,9001M,010,400125,TM,;0«

'.—The toUowiog are the totals of the Bostonof weeks past:

Specie. L. Tenders. Deposits. Circulation. Aug. Clear

%b,36'S,3O0

4,767.4004.11(1,100

3,»5», 003.418,6008,S1!,8..'0

3.890,900

«3,415.600.%;ii6.40)

3,6»r.60O4,-.60.i!00

5.26 '.'00

s.r.'w.ioo«,4:4,l»3

«48,857,90048,81-i,3l»

49,31fi,»on

48.893.90050,lKS,8aOSl.if7il,400

51,57«,!kO

%9S.5.'i9,501

S5,4.Vi,'2

S.-).099.40O

S5,S7M(X)«.44-l.300SS,5M.tOO85,5a7,60J

%4H.«n,n4642,5311,187

41,6>4,81837,386,411!n,<i;6.446

43. 131.3044e,8n,s:5

Banks.—The totals of the Philadelokia banks

1878May 6.

May 13.

.Vay 28,

May 27.Jane -1.

Jane 10.

Jane 17.

Philadelphiaare as follows

:

Loans. Specie. L. Tenders. Deposits. Clrcnlatlon. Agg. Clear

1873. S t S t S tMay 6. 5».125,807 2 082,53.1 11,MI.7*1 44.1.'i4,K0! 11,153,033 30,507,610

May 11 57,741,:8I 2.08;,914 11,M4,516 43,987.692 11,145.980 2 .046,400

May 20 5-,480,89'> 2.0(X),:-2S 11,»>TS.3(M 44,1.W,«18 ll.lO'i.SlU 3S7Î,6MMay 27. 57,106,350 2,001.175 I2,23I,9M 43,8.'»,4W 1I.08«.7!n fO.lMJSSJune 3. 57.141.428 1.957.813 ».7«S.7flO 4i.9aM.7« lI,0«9,tW ».80a,aOS

Jane 10. 57.380,l!8r 1,948.851 12,777,652 44,814,241 ll,0;0,141 S9.00S.ttS

Jane IT. 5;,5«2,83J 1.810,S«S 12.GI4,iS95 41,900,053 11,049,673 81,067,892

620 THE CHRONICLE. [Vol. XXVL

New York CUy Banks.—The following statement shows the

condition of the Associated Banks of New York City for the week

ending at the cominencemeat of business on June 15, 1878 :

Banes. Capitil.

S3,000,0002,i 60,0003,0.0,000

LoauB audDiscounts.

t «8,<lb",5CO 8,947,2005,2;«.5O0 489,8007,833,4006,340,9003.941,!t00

8,ai5.603

2,361,0005,41",5O0

3,l''e,503l,834,»i)09,866,iJ.0

3,164.0003,831,6001,:J4»,000

1,402,100862.900

2,.308,IOO

935,6001,6; 7,400

n,4c6,ooo14,751,400

ATERAGK AMOUNT OPLegal Net

Specie. Tenders. Deposits.

4,77 i,4003,433.6001,9>2,3003,079,8002,795.100

1,219,3001,561,5005,0)0,1002,029,0001V,16I,000

l,8!5,!K)0

1,897,100

2,492,8001.945,8003.538,00;>

3.815,700

a,515300l,i51,1002,035,00016874,50010,710,100

6C6,50O54^,300776,500•.81,300

345.50012,7.4,1006,915,000S,048.0l!0

3..321,3i)0

6.208,9(05,03 -,90O

1,119,1001,055.5001,071,400l,h9r,400

6>l,-2no

193,0

S31,5J0503,0.0185,00083.i,.30O

284,00082,100

767,000177,500

217,6008K,OU0

•'•,600

260,EO089,000

881,0.10

834,0001,367,200

60,400227.70028.400

195,'.;00

131,30017.200

iro.ooo133,S00

83,600

S1,4-8,300

2,519, 41.0

8,696,3011

841,800637,400

1,290.3003;9,000

3,480,0.0167,800497,000

1,484,000564,700442,300141,000236,0.10

187,f,00

369,800211,600465,000

1,766 0002,499.5.'0

6i5,000503,4006;8,I00484,10054.', 103

217,700286,000995,100396.500

Circula-tion.

$40,0007.500

in4,400

167,0.0135,0P0

1,100240,000

483.000 1,862:00088,700 382.500

New York. ...

Uanhattan Co,Merch.mts' . .

.

Mechanics'.. 2,000.000

Union 1,200,000

America 3,000,000Phcenix 1,0 0,000

City 1,000000Tradismen's l,i 00,0.10

Pulton 6 0,000

Chemxal.. .. 300 000Merchants' Exch. 1,000,000

Gallatin National l,6C0,OJ0

Butchers' *Drov. SOO.'OOMechanlC^' & Tr e^O.OOOGreenwich .. 200,000Leather Man uf'rs 600,f'00

Seventh Ward.. 300,000State of N. T<irk. 600,000American Exch.. 5,000.000Commerce 5,000,000Broadway 1,000,000Mercantile 1,000,000Pacific 423,700Republic 1..500,fl00

Chatham 450,000PeCDle's 412,.5O0

North America.. 700,000Ha»over 1, 00,000Irving.... 500,000Metropolitan. .. . 3.000,000Citiz -ns' 600,000NaB.=aa l,Oio,ooO

Maiket 1.(00,000St. Nicho'as 1,000,0Shoe and . eather 1,(100.101

Com Exchange 1,COO,000Continemal. 1,-ioO.iHIO

OricEtal .. 300,000Marine 40n.000Importers'i&Trad 1,500.0(0Park 8,0(X),Oi'0

Mech. Bkg. Ass'n 500.000Grocers' 30u,0«0Norlh Kiver 840,000East Kiver ... 850,000Manuf'rs' & Mer, luO 000Four(h National 3.5 0,000Central Nutional. 2,0'):j,M0

Second National. ,300,( 00Ninth National,. 75i,(00

Fir.-t Natioi al . . . 600,000Third Nuti.iual.. 1,00',0('0

N. Y. Nnt. Exch. .300,(1(10

Bowery Nali.mal, 250,000New York County 2 0,(0JGerman Amer.c'n 750,0(X)

Total 66,."'8;,20O 234,639,101 17,103,200 49,502,900 205,783,200 19,98 1,9;0

The deviations from returns of previous week are as follows :

Loans Dec. $1,493,830Specie Inc. 3' 1,000

Legal tenders Inc . 1 ,666,600

The following are the totals for a series of weeks past:

Loans. Specie. li. Tenders. Deposits. Circulation. Agg. Clear,

39,800S9.90089,9:0

.308,100

91,10023,8002(1,400

109,000807,^00580,40022,0001,200

80,70074,7i

3,900grj.ooj1(7,000

87.7006i3,3n0188,60033,7005,000

146,300

234,000450,- 0(1

181,700.390,100

826 C03685,801)

250,00)496,00 I

3,540,8003,119,200

108,:J00

170,! 00181,20094,000

124,9,)0

2,147,5001,561,000501,000656,300

9,483,0110

1,497,-300

1 19,000

829,00033<,800403,200

s9,100,4006,671.100

7,858,3004,.'>29, 002,921,3006.805,7008,049,0006,744,7001,813,4001,87(1,500

9,1147,300

2,4;0,6CO8,041,50090 ,000

1,011,000821,600

1,916,100915,000

1.728,5008.338,0009,2 i7,.300

3.232.1033,0S3,6001,962,1(10

1,812,8002,615,5001,13-', 1001504 3014,591,1001,980,400f,921,0001,892 3001,667.2001,636,700788,000

2,651,1001,7)5,3002,.374,300

1, 144.100

2,017,000 324,00016,217,100 1,101,80012,580,800 541, 00

436,000 304,500518,300706,600583,900 95,300434,9,0

10,73 ',800 1,068,5005,951,000 1,3(16,000

776,7CO

6r9,800

384,:i00

311,000198,000

2,700258,80034,4004'.,000

201.0,

1,903,800896,600160,(03

45b'.6fl6

3!)-,50ll

5,400

440,3'6

. 8-3,9

a, '83,000231,nun

3 900301.300181.7(10

510,3104.700

766,400

1.085,000

2,960,6008,026,2005,078,600722,500812,(100

1,8-39,303

1,896,400

270,0.0( 00,0110

450,. (0793 300266.830•;25,000

180,000

N^t deposits. ,' Inc.. $3,513,400Circulation Inc.. 6,.300

1878.Jan. 5.

Jan, 12,

Jan. 19.

Jan. 86.

Feb. i.

Feb. 9.

Feb. 16.

Feb. 23-Mar. 3.Mar. 9.Mar. 16,

Mar, 83.

Mar. 30.Apr. 6.

Apr. 13.

Apr. 20.Apr. 87,

May 4.

Hay 11.

May 18.

May 85,Jime 1.

June 8.

Jun. 15.

239,2.56,100 25,307,50023ii,«36,300 27,093,200836.^81,800 28,477,.)00

238,404,300 30,193,60024I,275,.50O 31,330,000243,(-5;,300 33,146,900242,859,900 33,011,1.0024t,6.-9,100 S2,3J9.400

246,456,200 33,326,400216,3311,800 37,116,900243,978,903241,,WH,7O0

241,590,900240,i;49,100

236,018,400233.113.4002.3^,,801„500

829,',)36,400

232,030,70023-3,122,600

833,997,200231,049,4002-i6.:33,N03

234,139,100

39.-')45,90O

39,687,500

38,767,600.36,620,700

35,486,90033.935,9033.',385, too30,051,90027,469,60023,030,20019.821,100

17,001,80016,801,30017,105,8.0

t31,613,00034,8114,000

37, 189,30087,331,20337,362,30034,877,00034,845,60033,9711,1100

33,137,90030,0.15,900

.30,336,300

29,605,70029,48.5,400

26,637,00028,666,10032,186.00034,933,80038,435.300.33,613,000

41,020,10044.033,90047,248,00347,816,40049,502,900

t201,981,500203,666,000205,973,:300

207,171,200210,301,700211,713,000213,13'2,000

210,891,600213,9*3,400215,155,900813,085,100211,938,500810,378,400204,661,200301,986,600202,053.400200,875,000199,0J4,00081.1,0.38,000

199,686,100198,985.300

199,867,900202,271,600205,785, -.00

(19,787,10019,861.600

19,841,80019.798,10)19,761.30019,687,10019,781,20019,806,90019,838,,500

19,883,10019,910,70019,90(1,300

19,912,30019,944.60019,959,20019,983,40020,021,800

412,729,867403,812,618408,472.874378,019,773340,214,147344,105,463343,070,334289.487,491400,609,6,30

377.110,111

401,593,977373,731,072359,833,3284»1,442,0,)5

.381.41.5,335

436,1,80,360

419,3(11,39919,998,300 439,525;54520,033,I(K) .361,573,68720,012,300 38-2,688,68420,00.\800 3-1,364,16519,941,1100 339,022.4.52111.979,600 374,239,18219,984,900 393,9.13,811

QUOTATIONS IN BOSTON. PfllLADElPniA AND OTHER CITIES.

SICmEITlltB. Bid. Ask.

118

ioin

105J685 hi108

iVfl

111

ibb

SECtTBITIKS. Bid. Ask.'

BOSTON.Maine 68New Hampshire 6bVermonttiB

tlartford & Erie 78, newDgdensburg i, Lake Ch.Ss...OrdColony,7B

do 68

IS-H

10^

lOOH75

40W121i<

74H11 '3

108

7?«138

:«;«X ...

131

15«

:i'3

Maaaachusette Ss, gold Oraaha & S. Western, 88 ....Pueblo & Ark. Valley, 7bUoBton 6s, currency

K7Htl5«

110

101

Chicago sewerage "78

do MuulelpansPortland 69Atch. & Tcpcka)stm.7«

do land grant 7bdo 2d 7b

Verin't C. lat m., 78"Vermont A (Janada, new Bs..Vermont&MasB. UH.,68

STOCKS.Atchison & TopekaBoston & .'VlbauyBoaton & LowellBo8ton& MaineBoston & ProvidenceBurlington & Mo. In Neb

14

40%12H,X75do land Inc. 88..

Boston « Albany 7bdo 6a l'2U

107«Boston & Lowell 78Boston & Maine 7bliostcn & Lon ell 68 Cin.Sandusky & Clev

Concord3HBoBion & Providence 7* ....

ll's'.^

noH108

Bnrl. & Mo., land erant. 78. ..

.

do Seb.88,l»9ldo Neb. 8s, 1883 ...

Conn.& PaBsumpslclEastern (Mass.)

Conn. & PassumpBlc, It., 189?.ruchburg KK , 6.»

EaBtern (New Hampshire)...

Manchester & LawrenceNashua & LowellKan. City Top.* W., 78, Ist 107

00 do 7b. IncBMtern,Mas8..8w«.n.-w ..

New York A New England...Northern of V,.w INmn^hlro • <*• ....

BOSTON, PHII<ADEIiFUIA, Etc.-Coatlnaed.

8KCUBITIE8.

Norwich & "WorcesterOgdcuso. & L. Champlaln

do pref..Old ColonyPortland Saco & Portsmouthnaciana,common

do preferredVermont & CanadaVermont & MassachusettsWorcester & Nashua

PHIIiADEI<PHIA.STATE AND CITY BONDS.

Penno. 58, g'd. Int., reg. or cp.

do 5s, cur., regdo 53, new. reg., 1892-1903

do 6s, 10-15, reg., l'77-'82,

do 6s, 15-35, reg-, 1882-'92

do 6s, In. Plane, reg.,18i9

Philadelphia, 58 regdo 66, old, reg...

do 6s, n., rg., prior to '95

do 63, n„rg,, 895&overAllegheny County 5s, coup...Allegheny City 78, reir

PlttsDurg 43, coup,, 1913

do 5s, reg. & cp., 19U.do 6s,g'.ld, reg .., .

do 73, w't'r In.rg. &c.10 78, 3tr.imp..re«.,'S3-S6*

N. Jersey 6s, reg. and coup .. -

do exempt, rg- & coup.Camden County 6b, coupCamden City 63, coupon

do 7b, reg. & coup.Delaware 68, couponllarrlsburg City is, coupon - -

RAILROAD STOCKS.C mden & Atlantic

do do prefCatawlssa

do prefdo new pref

Delaware & Bound Brook....East PennsylvaniaElinIra,Si Wllliamsport

do do pref..liar. P. Mt- Joy & Lancaster.Uunllngdoa* Broad Top.--

do do pref-Lehlgh ValleyLittle SchuylKlU>vlnehlllNeaquehonlug ValleyNorrlstownNorthern Pacific, prefNorth PennsylvaniaPennsylvaniaPhlla.ielphta* Erie...; ....

Piillsdelphla & Kead ngPhlla'lelphla & TrentonPh'la.Wllmlng. & Baltimore.Pittsburg Tltusv. & BuffUnited N. J. CompaniesWest Chester cousol. pref

—

WestJerseyCANAL STOCKS.

Chesapeake 4 DelawareDelaware DivisionLehigh NavigationMornsdo pref

Peansylvanla .. ..

SchuylKlU Navigationdo pref...

SusquehannaRAILROAD BONDS.

Allegheny Vai., 7 3-lOs, 1895. .

.

do 78,E,ext.,1910do Inc. 7s, end.. '94.

Belvldere Dcla. 1st in.,6s,19(l3.

.10 2d m. 68. '8i..

do 31 m. 6s, '«..Camden AiAmboy 63,coup,'83

do 63, coijp., '8S

do mort. 6a, '89

Cam.ft Atl.lat ra, 7s, g., 1903

do 21 m., 7b, cur., '80

Cam. & Burlington Co. 68. '97.

Catawlssa 1st, 'Ts, conv., '82. .

,

do chat, in., IO9, '88 ..

do new 7s 1890

Connectlns 68, 1900-1904

Dan, H.& Wilks.,lBt.,78, 37.'

Delaware mort., 63, various,

.

D.'l- & Bound Br„ 1st, 78.1905EastPenn. Ist mort. 78, '88

E1.& Wmsport, Ibt m., 78, '80,

do 53,perp ... -,,

flarilsburg Ist mort, 63, '83.

H. & B. T. Itt m. 7e, g)ld, '90

do '3d m. 7s, gold, '95.

do 3d in. cons. 78, '95*.

IthacaA Athene Ist g d, 78.,'90

Junction l6t mort. 6s '83. .

do 2d mort. 68, 19J0

I.. Sup. & Miss., 181 m.. 7s g.*

Lehigh Valley, lst,63, cp.. 1895

do doreg.,189J.do 2 I m.,"s, reg., 1910

do con. m.,63,rg.,1923do do 6s,'p.,I9S

Little Schuylkill, Ist m. 7s,'f2

North. Penn. 1st m. 6s, cp-,'85

do 2d m. 78,cp,. '96.

do gen. m. 7s, cp., 111O3

do gen. m. 78, reg,, 190-

011 Creek ist m, 7b, coup.,'8irlttsb. TIl.usv. & B„ 7s, cp.,'9(j

do scrip

—

Pa.&N.T.C.i RP.. 7s, '96-1906,

Pennsylv,, Ist m., 6b, cp., '80..

do gen. m. 6s, cp. ,1910do zen. m 6s, ' g., 19:0.

do cons, m . 6 -, rg., 19U5

do cons. m. 6s, cp., 1905,

do Navy Yard 6a, rg,'*l

Perklomen 1st m. 83, coup., 'iJ

Phlla. & Eric 1st m - 63, cp.,'8i

do 2d m 73, cp-.'SS

Phlla. & Bead, let m. 6s, '43-'44.

do do '48-,49.

do 2d m,, "8,. p. ,'93

do debeu., cp., '93"

do do cps, off.

do scrip, 18S2.

do In. 111.7s, cp,1896do cons, m. Is, cp.,19t!.

do cons, ni, 78, rg.,I9',l-.

do con3.m-«3,g-l.i9il....do conv, 79, !a'J3*

do 78, coup, off, '93

do scrip, 18&2Pblla.A Reait. C.& 1. deb. 7b,

• In default nf Interest.

Bid, Ask

S3M101XIOO85M

1011130K

10ti«i

112J!118*

lOi-M60

342.'«

15«

4^123}:

101

85M

3530«

4538«444947

^«

815^

5«123J«

1714

05

87341041019410310110»i^ 1101083015< 102!^lOlH 102>t

108103

10498 '100

lO-i.Sil....107 ...

lo^iiio1-8

11498MS

:09«1"H107fO48

il

103Wl'4-.05

lid402062

101101

6030

110

103lOfl

10

SKCUBITIB8.!Bid, Ask.

Phll.SR.C &I deb. 7s. cp3 .offdo scrip, l.*i2

do mort,, 78, 1892-3Phlla.Wllm. sB.lt, 6s. '84 .,

Pitts. CIn. * St. Louis 78, 1900Shamokln V,& Pottsv 78, 1901St.iubenv, & Ind, 1st, 6s, 1884,Stony Creek Ist m. 7b .907,,.Sunbarv<fc Erie l8lm.78, '97..

Un(on& TlLusv. Ist m 7b, '90.

United N. J . cons. m. 68. '94.

,

Warren & F. Ist m. 73, '9^

West Chester cons. 78, '91. ..

West Jersey 63, deb., coup-,'B:do Ist m. 6s, cp., '96,

do Ist m. 7s, '99

Western Penn. KR. 6s,.-n.l89i

do 68 P. B.,'96

CANAL BONDS.Chesan. & Dela Istes, rg,,'8(Delawa-e Division 68, cp., 78.Lehigh Navlga m., 6s, reg., '84

do mort. KR.. rg..'9:do m. CO v. g,, I-. g,,'ill

do mort. gold, '97do cons. in. 78, rg.,1911

Morrl8. boat loan, reg., .835.

Pennsylvania 6s, coup,, ',910,

SchuylK. Nav.lst m,iis,rg ,'97,

do 2d m. 63, reg., IW.do 6s, boai&car,rg.,1313do 7s, boat&car,rg.,19 5

Susquehanna 63, coup,, ,9,8 .*

BALTIMORX:.Maryland 6s, d-fense, J-& J-

do 6s, exempt, 1887 --

do 6", ,890, quarterly,do 5s, quarterly ....

BaUlmore 6s, iSSI, quarterly.do 68,1886, J.&Jdo 6s, 189,1, quarterly...do 6s, park, 1890, li.—Mdo 68, 1893, M. ASdo 6a,exempt,'93,M,&Sdo 1900,J.&Jdo 190i,J.aJ

Norfolk water, 88RAILROAD STOCKS. Par.

Bait.* Ohio 100do Wash. Branch. 100do Parkersb'g Br..50

Northern Central 50Western -Maryland., . f. . , ,50Central Ohio 50Pittsburg & Connell8vllle..50

RAILR.)AD noNDS.Bait. & Ohio 68, 1830, J, &J.,.

do 6s, 18B5, A-&0. .

N. W. Va. Sd m.,guar-,'S5,J&JPlttsb.A Connellsv-",s,'98,J&JNorthern Central 6s, '85, J&J

do 63, 1900, A,&0.do 6s, gld,1900, J,&J,

Cen,Ohlo6s, l9tui„'90,M,&8W, Md,6s, lstm„gr.j'90,J.&J,

do 1st m., .8», J.& J...do 2dm.,guar., J.& Jdo 3d m., prefdo 2d ra.,gr. by W.Co.J&Jdo 63, 3d m,, guar., J,& J.

Mar. & CIn. 7s, '92, t". * A, ...

do ^d, M. *Ndo 83, 3d, J. A J

Union RR. Ist, guar,, J, & J,,do Can on endorsed.mSCKLLANKOUS.

Baltimore Gas certlilcates..

.

People's Gas

CINCINNATI.Cincinnati 6s t

do 78 tdo 7-308 tdo South. RR. 7-308.

t

do' do 6s, gold t

Ilamllton Co., O., 68. long., .tdo 7s, 1 to 5 yr8,,tdo 7&7-80S, long.t

Cln.ft Cov. Bridge st'lt, pref.CIn. Ham. & D. 1st in. 78, '80

do 2d m. 7s, '85..

CIn. Ham. & Ind,, 78, guar. ...

Gin. & Indiana 1st m. 73do 2d m. 7s, '17...

Colum. & Xenia, Ist m. 7b, '90

Dayton & Mich. Ist m, Is, '81,

do 2(1 m,7s, '84.

do 3d m. 78, '88.

Dayton & West. Ist in., '31. ..t

do 1st m., 1906 .

do Ist m.rs, 1903

Ind. CIn. & Laf. let m.7Bdo (l.&C.) lstm.7s,'8l

Little Miami 6s, 'as

Jin. Ham. & Dayton stock.Columbus * Xenla stockDayton & Michigan stock...

do 8. p.c. Bt'k.gua'Little Miami stock

LOITISVIIiLE.LoiUsvlUe 78 1

do 6s,'82to'87 1

do 68,'97to'9S tdo water63,'87to 89,tdo water stock 68,'97.t

do wharf 68do Bpec'l tax6<of '89.-t

Loul vine Water 6a, Co. 1907

1

Jeff. M.&l,lstm- (1«M) 7b,'8l1

do 2d in.,7sdo Ist m., 78, 1906-.- -t

Loulsv.C-A Lex. 1st in. 78,'97

ex pa^t-due c upons (

L0UI8.& Fr'k.,Loul8V-ln,63,'8Loulsv. & Nashville—Leb. Br- 6s, '86 tIst m- Leb. Br.Ex.,78,'80-s5.tLou- In. do 6s, 'l)3.,-t

t;onsol- lstm.7s, ''.18

Jefferson Mad. <!k Ind stockLouisville & Nashville Block.

ST. iiOiris.St. Louis 6s, loi.g t

do water 6b, gold tdo do do new.fdo bridge appr..g. 69 tdo reu'-'wal, gold, 6,3-t

no sewer, g. 68, '9;.2.3.t

St. Louis Co. new parb,g.63.-tdo cur. 78 t

3t. L.& San F. Rli. bds, scr's Ado do do Bdo do do C

103

81

9«W

104 IMii104 104H

9037«

107 110110 112106 |1100510510510:* S,1081^

105108lot)

108lis

low1112

110 115108 118109 1113

SO110

1

13«

331

103104101OlM10-5*4

1009519108ao108001031118128

85130514^5255

104105104DiH

ioi"9699K11210511285106112S289

12>s 13

-f *„rt t

93103106van

95100101

ibo-HV^SOOolO

10410300001008778

93«8>i.

8387

10097)^97>s97Hi«7H«7>i

101

105

103H

07 >s

103H

37

1011031031-i101i03103103

104>t442523

08105108100«88

102108701039737077a1061Q3M9898

'90

88• •••US9SX

"m88

10298US9898

80103H

lO-t^100

9898104

ma104

ibV04103><

47X27•23X

June 22, 1878.] THE CHRONICLE. 621

QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.U. S. Bonds and aetvce Railroad Stocki am quoted on a previous page. PrireB represent tTie per etnt value, lehateter the parmay be.

state: B0NO9.

UaDADit Si, 1883. .,,ilo Sa, 18St. ...

dododododoJo

8s. isat.

8«,19888a, M. « B. KR.ea, Ala. A Ch. li

8a or 18K8a or 18M

ft rk.a7*aa da, tuoded. . . .

.

do >. L. R. A Ft. 8. Ia>

do 7.1 Msmphta A L.R.do ta. L. K.P. B. *N.()do 7a, MlM. O. A R. Rdo 7>, Ark. Cent. Ull...

Connecticut 68Qeorgla 08

do 7s, new bonda....(10 7a, endorsed. ...

do 78. gold bonda...lit Inols 68, coupon, 1879. .

.

do WArloanKontackyte

Bid. Ask.

44414444

ViM7£0SO83 ...

S5Sft

5108lOlM 103KloevtlosS

111

1<I8

iviiM lOSH

102X ;:;

aXOITRITlBB.

L?al8tana 68no 6a,newdo 6a, new tloatVdebt,da 7a, Penitentiarydo ta,leTeedo 8a, dodo to, do 137Sdo 8a, of 1910do 7a, consolidateddo 7B,8mall

Ml-^hlgan 68, 1873-79do 6s, 1883do 7a, 1890

Mlaaonrlts, due 1878do do 18«ior'esdo dodo dodo dodo do

1386K'ri1888. ...

9or'9J....Asylum or Un.,due 189^randlng, due 18M-9Han, A St. Jos., due 1886

do do il«7

Bid. Aak

S86iS3tataM

iOS!M101110103K104loewio»S106)t107:07IIIU

ion108

103

lOS

loam,

aaouaiTiia.

New Vork Btaie-M, Canal Loan, 1878la, go!a, re«....l887la, do coup.. 1887. ...

<a, do loan...lS88. ...ft do do .1891.. .,6a, do do .1893. ...68. do do 1898

Vjrth Carolina—18, old.,I. ft Jdo A.4 O<I.C.RR J.* J....do .. ..A.&Odo coup. OR, J. A J.,do do Off, A. ft O.

.<andlng ant, 1866do

''ew bonds, J. ft J ..,

do A. ft O.,Special tax, Class 1...

do Clssa^..,do Class 3...

OhliBs.lfBI

Bid. Aak. otTBiTiaa.

(>hlola.ie86Kiude Island 6a, cp., '93-4

Soath Carolina aaJan.* JnljApnift OctFnndlnc act, 1868Land C, 1389, J.* JLand C, 1889, A.* O,...7aof \Baa ..

Non-fnndable bonds .

.

T'Oneaaae 6a, olddo 6a, new ..

do 6a, new aerlea.VrglBla6a. old

6s, new bonds, 1S666a, do I8(<68, conaol. bonda6a, ex matured coup6a,con80I., Sdserloa6a, deferred bonda

D. of Columbia 3'65e, I9!4.

do amalldo refflstered

Bid. Aak

mne448080SO4040ao

368SHO282«7S«'^^4

RAILROAD AND MISCELIiANBOUS STOCKS AND RONDS.Kallroail siocRSc(Active prefV unit/ guoCd.)A,lbAny & Susquehanna...Burl. C. liap. .v Northern.Central PacificChicago & Alton

do pref,Cleve. Col. Cln. & I.

Cleve. & Pittsburg, guar..Col. Chic. A I. CentDubuQueAi SIouz City. .

Eriti prefBarliûJollet& ChicagoLoDf? IslandlIlHsourl Kansas A TexasNew York Elevated RIt..N. Y. New Haven A Hart.Oh'.o & Mlo-^lssfppl.pref .

Pitts. Ft. W. A Ch.,guar..do do special.

Benitelaer A Saratoga .

Borne War«»rtown A 0.f.

St. Louis Alton A T. H ...

do do pref.BellevllleASo. IIL.pref.

St. L. I.Mt A Southern...8t. L. K. C. A North'n.prefTerre Haute A lud'polU .

United li.J.R. AC^ni«cel'oii« Stocks.Atlantic A Fa-. Tel .

Aiii. IMstrtcl Telegraph...Canton Co., Baltimore. . .

.

American CoalOonaolldat'u Coal of Md.

.

Cumberland Coal A Iron.M?trylaiid CoalP.-nusylvanla CoalSjOr.ng Mountain Coal....Mariposa L. A M. Co

do do pref.Ontario Silver Mining....Railroad Bouds.

(Stock Exchan-ie I^ricefs.)

Boston H. A Krle, Ist ra..do guar. ...

Bur.C.R&Nort]i..l3r5s..Mlnn.A &t.L.,lst is gua

ChOBu & oniu tis. lat m.•io ex cour

C tlcaô A Alton 1st mort.do Income.

Jollet A Chlcago.lst m.La. A Mo., Ist m., guar..St.L.Jack.A Chiclet m.

Chic. Bar.A Q. 9 p.c.,lBtindo coneol. ni.7Bdo 5s sink, fan 1

Ch.Rk.I AP..8.f.lnc.68,*«.6s, 19:7, couponSs»19n, reglBt'd

Central of >. J.. Ist m., '90

do do Istconsol..do do bssenied.do do convdo do asBCD'cd.Lehigh A W.B.con.guardo do ass'-rted.Am. Dock A Imp. bondsdo do ' ssente I.

Ch.Mll.A St.P.'.st m.88,P.Ddo 2dm. 7 310, do

I8t78. |ig ,I1.DIst m., La CD.lstm.,I.AM...Istm., I. AD.l8tm.,H.A D.Istm.j C. AM.consol.alnk.fd2dm

Chic A N. West. sink, fddo Int. bonds.do consol.bdedo ext'n bds..do let mort.,do cp.gld.bds.do reg. do .

Iowa Midland, ist m. Ss.Galena A Chicago Ext .

Peninsula 'at m., conv.Chic. A Mllw., Ist mort.Winona A St. P., 1st m.

do 2d mort.C.C.C.Alnd's I8t m.78,8F.

do consol. m. bdsDel. Lack. A West., iA m

do 7a. convdo mrrt. 79,1907

8/r. Blngh.A N.Y. .vt.ieMorrts A Kssex, ist. m..

do 2a mort.do bonds, 19UQ.do construct'ndo 78, of 1871do tst con. guar.

l>el.A H ud.Caiia). 1 «t ni.,'8;do do <89do 1st ext.^nd ddo coup. J8, >dido reg. 78.^^9.

Albauy A Susq. .ta hds.do d dodo 3d <io'*•'. IM rnn*. truA

Rens. A Saratoga, istcpdo '•*. 'oy

I

dodododododododo

100

134

"via

ibd...

4

"ex

viia

'lb

10154

1

86«

tI4H13

eo27

iVotl04110971lOMllSsi113

lOTKlOK),109Wi

71

'eo4930

183«10»

108H10»H10%lom;lol«

ioi«

109lo.^H

9umi

l:07)<

ho100

106X

loe

\?^10t>«

{(H

J9'^102losix

tioi111

tioa$90

'^

23

mi

12«

bo

ISK15

98X

10»KI089<115

7l'W

6849>^

55

112103V<

102H

10901«

liIH

ll'oH

99»9M

107

90>(8X.90107103

103^118lOBJi

89100H5laswm101

«

lOuS

Erie, 18t uiurt., extended

107

93H

90

:109>iill

1111111U5

11U>1111100)10V.

tso'IIOX

:o4«1051<M104121

liVo'ji

loeji1111'^

IIHM

do 2d do 78, 1879do Sd do 7s, 1888do 4tll do Is, 1890do Stb do 7b, 1888do 78, con8.,-mort., K*d bdsdo Lone Dock bondsnull. N. Y. ft E, Ist. m., 191S. .

.

Han. ft St. Jo., 88, conv. mortlUlnota Central—Dubuque ft Sioux Clty.lst m.

do do 2d diT.Cedar K. ft Minn., Ist mort..

Indlanap. Bl. ft W., 1st mort. .

do do 2d mort.Lake Shore-Mich 8. 4 N. lad.. 8.F., 7 p.c.

Cleve. ft Tol. sinking fund..do nv.vi bonds

Cleve. P'vllle ft Asli., old Ddsdo do new bds

Buffalo ft Erie, new bonds..

.

Buffalo ft State Line'sKalamazoo •% W. Pigeon, ist

Det. Mon. ft ToL.lst '8, 1906Lake Shore DIv. bonds

do Cous. coup.. 1st.

do Cons, reg., Ut,do Cons, coup., 2d..do Cous. reg., 2d

Marietta ft Cln. let mort. . ..

Mich. Cent., conso). 76, 1902...do Istm. 88. :882, s.f.

do equipment bouds.New Jersey Southern Istm. 78N. Y. Central 68,1888

do 6b, 1887do 6b, real estate.,do 6s, subscription,do ft Hudson, Ist m., coupdo do Istm., reg.

Kudson K. "is. 2d m.. s.f., IBSSCanada South., Ist guarHarlem, lat mort. is, coup...

do do 78. reg...North Missouri, 1st mortOhio & Miss., consol. sink. fd.

do cousolldatcddo 2d dodo Ist Spring, dlv..

Pacific Railroads-Central Pacific gold bonda

do San Joaquin brarctido Cal. ft Oregon Ibi .

do Stnte Aid bonds. ...

do Laud Grant bonds..Western PacUlc bonds

;104

Southern Pac. of Cal.. I6t m.Union Pacific, ist mort. b'de

do Land grants, '.i.

do Sinking fund...Pacific R. of Mo., ist mort..

.

do 2d mortdo Income, 7b. .

do IstCaron'tBSonth Pa*. of Mo., Ist m

Pennsylvania KR—Pltts. Ft. W. ft Chic, istm.

.

do do 2d m.

.

do do 3d m. .

Cleve. ft Pitts., consol., s.f.

<Io 4tli mort.. .

Col. Chic, ft Ind. C, iBt morldo do 2d mon

Kome Watert'n ft Og.,con. IstSt. L. ft Iron Moutitaln, l8t m.

do do 2d m..St. L. Alton ft T. H.,lBt mort.

do 2d mort., pref ..

do 2d mort. Inc'meBelleville ft S. Ill.R. Ist m. 8s

rol. Peoria ft Warsaw, Ist E.Ddo do W. u.do do Bur. Ulv.do do 'Minort..do do consul. 7s

Tol. ft Wabaah, ist m. extend.do ex coupondo iBtm.St.L. dlvdo ex-matnred coup.. .,

do 2d mortdo Ex ft Nov.,*??, ccurdo enuin'i bondtdo con. convertdo Ex. Aug.,'78,ft prev'a

Great Western, Ist m., 1888,.

do ex coupon 96?tdo 2d mort.. '93 X .ado Ex ft Nov. ,'77,couiJ . "2

118 1

lot 104HlOTHlKi'M

{114 |104)tno«« ...

ibSji'iVo

10210ii«

9m:iox

U4U 110t1l4«li.... I

Quincy ft Toledo, 1st m.. '90..

do ex mat. ft Nov.,'17,con.Illlnots ft So. Iowa, lat mort

do ex coupon. ..

Han. ft Cent. Mlasourl, ist mPekln Llnc'lnftDec't'r.lat m

We.tern Union Tel.. I900,cp. .

do do rec... .

mscellaneons I.i>i.iBrokeri' (^wttfitiotin.)

CITIES.Albany,.'; v., 6a, IrngBulfalo Wurer. long..,Chlcagrtfis longdates

do ' 7^, seweragedo 7b, waterdo • 78, r4ver Improvem't .

Olf'velan'l 7^. lonr

m92H07k5

I OS107JS103\MH98

t50

84«

1211141114

1103

10

las703380t»7

128

72)4

11;45

104k105)i

104W121>i

11279?4

121:U7)t

ioi'.<

5»«

lUetrolt Water WorKs Is..KUaabeth city, 1880-1905.

do 1885-93....Hartford 6a, variousIndlanapolla 7-308Long Island City

1903.

Newark city 78 longdo Water 18, long..

Oswego 7aPonghkeepHle Water.. .

Rochester C. Water bdsToledo 88. 1889- '94Toledo ;.3(i8

Yonkers Water, due 1908

RAILROADS.Atchison ft P. Peuk, 6s, gold.

.

Boston ft N. y. Air Line, 1st mBnr. ft Mo. RIv., land m. 7s

do convert 8s. var. t-er.

Calroft Fulton, Ist 7a, gold...California Pac. RR., 7b, gold .

.

do 68, 2a m. g.Canada Southern, lat m. coup.Central Pacific, Ts, convCentral of Iowa Istm. 7s,gold.

^1Keokuk ft St. Paul 88 ....Carthage ft Bur. SsDixon Peoria & Han. 88.

.

O. O. ft Fox K. Valley 8s.

Sulncy & Warsaw 8s , oE

tlfl

84)»

ioS108

101t....

fist**

108!«i91«93

104>,«4108)ilOSH

104«9)«

121«lielOSH

123B109

lis1*H3088

* iTice nominal t A.ia accraed lalereat, *"

108X

107111Bs

102»i106losK

llnofs Grand Trunk.Chicago A Iowa R. Ss., .^ ._,„Chic, ft Can. South Istm. g. 7bChic, ft East. 111. lat mort:, 6s

do .2d m. Inc. 78.ChIc ft Mien. L. Sh. lat ,^s. '89.

Chic, ft S'thwestern 7s, guarCln. Lafayette ft Chic, Ist mCol. ft Hock V. 1st "s, 39 years

do Ist 7s, 10 years,do ad 7s, 20 years.,

Connecticut Valley 7bConnecticut Western I8t76 .

Dan. Urb. Bl. ft P. lat m. 7b, gDenver Pac, Ist m,78, ld.gr..g,Denver ft Rio Grande 7s, goldDes Moines ft Ft. Dodge Ist 78.Detroit A Bay City 8s, end ...Erie ft Pittsburgh lat 7s

do con. m., 7a.do 7s, equip.,,

Evansvllle ft Crawfordsv., 78.Kvanevllle Hen. ft Nashv. 78.,Evansvllle, T. U. ft Chic. 7s. gfllntft Pore V. Ss.Land grant.Fort W., Jackson ft Sag. 88, "81

Grand U.& Ind. '.at 78,T.g., gn,do 1st .8, l.g,, notgtido let ex I. g. ;a.

Grand River Valley ?h, Isfm*.Houston ft Ot. North. 1st is, gHous.ft Texas C. lat 7s. gold..

do West, dlvdo Wacodo consol. bds,,

Indianapolis ft St. Louis Ist 7bIndlanap. & Vlncen. Ist 7s, gr..international iTexas) :stg ..

Int. H. ft O. N. conv. 88Iowa Falls ft Sioux C. 1st 7s,..Jackson Lana. ft Sag. S8,l8tm.Kal. Allegan, ft G. K. 8s, gr. ,

,

Kalamazoo ft South H. 88, gr..Kausaa City ft Cameron iOs . ,

.

Kansas Pac. 78, g..ext. MftN.'99do 18, g., rdgr.,JftJ,'80do 78, g., do M4S,'86do 68, goldiJ.ftD., 1896do 6s, do F.ft A.. 1895.do 78, Leaven, br., '96.

,

do Incomes, No. udo do No. 16do Stock

Keoknk ft Des Moines lat 7s. ,

do funded Int. 8p

Long Island RR., tst mort. , ,

,

Lonlsv. ft Nashv. cona. m. 78.do 2dm.. 7a. g,,

Michigan Air Line 8s, 18'JO

Montclalr fto. L.i8t 78do 3dm. IS

Mo. K.ft Tex, Ist 78, g., 1901- '06do 3d m. incnnie,..

N.J. Midland Ist 7s,R0ld ,,.,

«. Y. Elevated UK., 1st mN. y.ft Oaw. Mid. I8t....

do recclv's ctfa.Oabor)do do (ottierj

North. Pac. Ist m. gld. 7 310 .,

Omaha ft Southwestern HR. of

Oswego ft Home 7s, guar , . .

Peoria Pekln ft J. iBt mort ,

Pullman Palace Car Co. stock,do bds., 88, 4th aerlea

3t. L. ft I. Mt. (Ark. Br.) 7a, g.it. h- ft San K., 2d m., cla^s A.

do do class Bdo .do class C,

St. L.ftSo'easl. cons.7s,g«>ld,'9tSt. Louis Vaudallt ft T. U. Isi.

do 2d, gua,iâiidusky Mans, ft Newark ,8,

Soutli Side, L. 1., lat m. bond'.do alnk. fund..

Sonth. Cent, of N. V. 78, guar.Southern Minn, lat mort. 8a..

.

do Ts 1st

tllo172170104),

tics192

(•108

1112t99

tiiotllOtl.)4

US109

38102112110

74H93777610334

tlOO)<floodstioatiio

I09)i62156515

170937010298904'i

182545•8410

't70100fcS

ioi40•50•SO439480)4451978095S88776OS25H

78If 6I07W98),110lis101111)4112107101

45103

11^1«

75>i978077

87101>«

101)i

iVi

110)467).21X5920

tserl02H9Sno

973697lOSH3536'

I5i

«87297>»

104!8«!!0316441724804272013UOX•8073

Si**"045

X^202SIOI70ST

7S«8

75104100

5020304B«60

78105

.6885

P50100630i>iPIHO

Tol. can.S. ft liet Ut78,g,Union ft Logansport 7b. ,

.

Un, Pacific, So. Br ,68. g..West Wisconsin 7s, gold.,8outb'u Secnrltles,iBl-oktrn' QuotaUortS.)

STATES.AHtbama new consols. A..B,5s

Qeorgia"68.' isfi^^t.'.'.'.".'.'.

'.

3. Carolina con. 6a tgood^Rejected f best' sort! .,

Texas «8, 1892 M.ftS.78, gold, 189M910..J.ftJ,78, gold. I9W J.4J,108, pension, 1894. . J.ftJ

CITIES.Atlanta, Ga., 7s

70

1!5

91IIJ6

100)4

73998398104)i3817,^

76

100104H88104457

42)i10211

bl6

84262511!904076M7H482)22),35:os75(6903660

WaterworksAfagusta. Ga., 78. bonds.Charleaton atock 68Charleston, S. C, 7s, F. L.Columbus, Ga., Ts, bondsLynchburg 68Macon bonds, 7sMemphis bonde CKonds A and BEndorsed, .M. ft C. KK.

Moblleâ (coups, on),...8b (coupoi'.b on)68, funded

Montgomery, new 58New 3s

Nashville 6a, old6s new

New Orleans prem. 5fl.!

,

'.

.

Consolidated 6b ,

K'lllroad, 6s ,

Wharf improvem'ts, 7-»Norfolk Bs

Petersburg 6s8a

Richmond 6sSavennah 7b, old ..

78, new ..

Wllm'ton,N.C.,6s,g. > coup88, gold I on.

RAILROADS.Ala. ft Chatt.lst m. Ss.end.Receiver's Cert'a (var's)

Atlantic ft Gulf, consol..Consol., end. by Savan'h

Carolina Cent. Ist m. 68,g.Cent. Georgia consol.m.7eStock

Charlotte Col. ft A. lat 78.Cheraw ft Darlington os..

East Tenn, ft iieorgla 6s.

.

E. Tenn.& Va. 6s,end.TennK. Tenn. Va. ft Ga. let. 78.

StockGeorgia BR. 786s^tock

Greenville ft Col. 7a, 1st m.is. guar

Macon ft Augnataboada,.2d endorsedStock

Memphis s Cha'aton lat 7>

2d 78rtOCk .

Mempn. ft Little Keck Isl

MlSBlaalppl Cent. 1st m. Is

'2d mon. OS2d mort., ex coupon'....

Ml", ft Tenn. 1st m. 8s, A,latraort..8<,B

Mobile ft Ohio sterling Sasterling ex cert. 6aas.lntereat2d mort. 8a

N. u. ft Jacka. lat m. 8a..Certificate, 3d mort Sa.

Nashville Chat, ft St. L. It

Nashville ft Decatur lat Ts.MorfoikftPeierab.l8tm.8aIstmort.Ts.2d mort.S8

Northeast., S.C, 1st m. 882d mort. 8a

Orange ftAIex'drla, ieta,6t

di.lt8da,8aiUis,8a

Itlcnin'd ft reierab.l8t7a..Illch. Fred, ft Potomac «s,

mort. 78Rich. ft Danv. lat con801.6rSouthwest.,Ga .conv b,'>6

^<o uthwestern, Oa., stock.S. Carolina lUS. lat m. J»..

78, 19(B7a, non mort

savannah ft Char.lat m. 7»

Cha'aton ft Sav. Ca, end.West Ala. 3d ra.sa, guar..lat mort. 8i

PAST DPE OOUrONSTooncaate Slate coupons..Sooth Carolina cooao'.Virginia oouponsConsol. rrtni,

Mamp'-la Clly rouponw.

4ii

83

44

Ii«1018480

tii;2tllOKtiii)itioi

991049<4

9561

65353536

85

H295104102H57£,7

'85

8208.»),

46

70103lllW112MIOS

10110610998

98IOS

10«09140351065774

931035010097799040

Si

»0 ino846 a37 4599 lUl97 VbH85 90109 11184 87t6 67

SS6746

15 20III 118100 108lOOklOOiJ

101lOlX

99 1019488 93105 10790 ^

90 9670 7t4016 90ICO8^ ....

vm70S 71WlOU 101SS 8789 8«

5 "lOSO 40109 107IOS 117

30 804016

t.Nu prtoe tiMUty ; tbeae s.e latest qaotatloaa nude (Ills w««K.

622 THE CHUONICLE. [Vol. XXVI,

NEW YORK LOCAL SECURITIES.

Bank Stock I.Ut.

COMPANJBS.

Mark'dthusmare not Nat'l.

America*Am. ExchangeBoweryBrewer6'&Gr.*BroadwayBoll's Head*..ButclierB',& Dr.CentralChaeeChatha-HChemica'Citizens'City .

CoDcmerce —Continental ..

CornExci.*ge'.Eaat Rivernth Ward'....FifthFifth Avt nne*.FirstFourthFultonGallatin...German Am.*.German Exch.*Germanta*Greenwich*Grand Central*Grocers*HanoverImp.& Traders'IrvineIsland City* ...

Leather Manuf.Manhattan*.. .

Manuf. &Mer.*MarineMarketMechanics'Mech. Assoc'n.Mech'lcs <Ss Tr.M rcantlleMerchant!*'. ..

Merchants' Ex.Metropolis".Metropolitan ..

Murray Hill*.Nassau*NewYorit. ..

J». y. County.N. Y. N. ExcbNinthKo. America*.North River*.Oriental*Paclflc-ParkPeoples'*PhealxProduce*. ...RepublicSt. Nicholas...Seventh iVardSecondShoe & LeatherSixthState of N. TThirdTradesmen's

,

Union . .

Meat side*....

Amount

3,000,0005,000,000250,000160,000

1.000.000200,000600,000

2,000,000300,000450.000300.000600,000

1,000,000s,000,0001,250,0001,000,000350,000100,000150,000100,000500,000

3,500,000600,000

1,600,000750,000200,000200,000200.000100,000300,000

1,000,0001,600,000500,000100,000600,000

2,050,000100,000400,000

1,000,0002,000,000500,000600,000

1,000,000i,0OO.00O1,000,000£00,000

3,000,000200,000

1,000,0003,000,000200,000300,000760,000700,000240,000300,000422,700

2,000,000412,500

1.000,000200,000

1, .600,00-100 1,000,000100! 800,000100 aoo,ooo100 1,000,000100 200,000100, 800,000100

'

4050100

Surplusat latest!'dates. §

riTIPENDS,

1,000,0001.000,0001,200,000200,000

,451,700,231,000207,200

900,212,.^C010,80043.100

362,70012,400

162,800l,08i(,200

15j,800.,622,3«01,630,000293,(«X)725,90046,40011,50047,4"0

136,900,065,100901,700436,900651,80081,20049,30054.00018,000

30023.000

167, '00,876,900124,4!)0

8.100410,600,053. '00

8.:(X)75, 00

284,600«3«,.ino77,800

122,800191,800815,400224,00084,400

659,0004,400

69,300692,30087,70(r73.50020,10029,20075,900182,600210,900

510,000147.300161,100nr.

297,500lS5..'iOO

67,10067.100

241.10050,700

i';o,ioofil.

886.'-O0B64,80H77,400

,!.& J.

•J.& J.

y.'&j.M. 4 S.

J.& J..J.& J.

•T.'&J.Bl-m'lyJ.& J.M.&N.J.& J.I.& J.F.&A.J.& J.].&].li-J.

Q-J'.'r.& J.M.&N.>L.& Of.ft A.May.May.M.&N.

Period 1878. 18'

I.& J.I.i J.r.& J.T.A .1

J. & J.).&).F.& AJ.& J.J.& J.I.& J..!.& J..M.&N.^^.&^.\1 &N.1. & J.I.&.T,I.& J..J.& J.A.*0.U.&N.J.& J.•I.* J.F.&A.J.« J.f.& J.J. & J.I.& J.Q-F.J.& J.I.& J.I.* J.

F.'i'A.F.&A.r.4 J.I.& J.I.& J.I.& JM.& N.!.&,!.

M.&N;.4 J.

108

Vo1008207310

10

127)<107H

103

888

1?^

1^4

7

121210107

109

8I

ii«

9100

1^

10

id

12

iS^7

"e67

July,May,Jan.,

Jan,

Sept.July.Jan.,

'an.,May,inly,May,'Jan.,Jan.,Feb.,July,July,Oct.,

PU'July,Msy,.\pr

,

Feb.,May,May,May,

37

1486>t12

'7S. 4'7*1. 3'78. 6

'78. 8'75. 5'77. 4'78. 3ii

'78. '3'78.15'78. 3•78. 6'78. 4•76. 3'78. 5'77. 3•76. 3'77. 2H•'7s! 378. 378. 5

'78. 5'77. fl

78. 3

la".,July,my,

.Ian.,

Jan.,Jan.,Feb.,July.Jan.,Jan.,Jan.,May,Nov.,May,Ju y,.lulv,

Jan.,July,I ret ,

May,July,lau.,Feb.,Jan.,July,July,July,May,July,Ian.,^an.,July,Feb.,Aug.Jan.,Jan.,Ju y,Jan.,May,Jan.,Jan.,May,Jan.,

-.7. 378. 8«78. 778. 4'78. 378. 6'7-'. 475. SH76. 578. 3ii78. 4'77. 2«'77. 3>j7'i. 3'78. 377. 3'76. 3«'78. 5•7\ 4'78. 2K'78. 3}4'78. 4'78. 4'77. 3'77. 3'74. 8iv'7«. 5'78. 2W'78. 8'78. 4'78. 8'74. 3«'78. S'77. 2>,'77. 3'78. 5'78. 5'78. 3'78. 3Hi'78. 8'78. 4'78. 5'78. 4

140102 5f

118}i

22518898

100193

130

111

ii'i^

82loaji

141

200

60

iis

84107

93

85M

107

i45

$ The figures In this column are cf dite May 1st for the National hanks, and ofdate March 16th for the State banks.

Gas and City Railroad Stocks and Bonds.[Gas Quotations by George H. Prentiss. Broker, 30 Broad Street. 1

Gas Companies.

Brooklyn Gas Light CoCitizens 'Gas Co (Bklyn)

do «erttncatesHarlemJersey City & HobokenManhattanMetropolitan

do certificates....,do boLd.

Mntual.N. Ydo bonds

Nassau. Brooklyndo scrip

New YorkPeople's (Brooklyn)

do do bondsdo do Ctirtiflcates,

Central of New YorkWUliamsburg

do scripMetropolitan, BrooklynMUQlcipal ...

Par.

2520

1,000502050100V r.

1,000100

1,00025

Va .

10010

1,000Var.5050

Var.100100

2.000,0001,200,000820,000

1,850 00038 •',000

4,(KX1.000'i,500,0001,000,000600,000

5,000,0001,000,0001,000,000700,000

4,000,0001,000,000826,000300,000466,000

1,000,0001,000,00: i

1,000,0001,600,000

Period,

Var.Var.A.40/.AA.J.& J.I.& Jvl.&SM.&SJ. 4 J.Quar.F.& A.VarM.&K..SI.&N.J. 4 J.F.*A.J. & J.F.« A.Quar.J.* J.M. &N.

533H35553HSi,1«3^g

3hi

Date.*

Apr ,'71

Jan., '7(

Apr., '7*

Feb.,'7iJan ,'7(

Feb ,'7;

Feb., '7!

Feb.,'7f

Apr.,Keb.,Jan

.

,

May,May,Jan.

,

Jan.

,

Feb.,Jan.,Jan.,Nov.,

140729S85155110130100 X100709570939Sli9070

7595

IfO8010088

165•96135102103751028097982696)i80858210060

85 I 98

[Qnotatlons by H. L. Grant. Broker, 145 Broadway.]

Bleecicer 8t.<t FuUon.l?erri/-~%i)L.Ist mortgage

Sroadwat/ (C Seventh Ave—stk..Ist mortgage

Brooklyn (?ity—stock1st mortgage

Broadioai/ (JSrootii/n)—stock...Brooklyn (t Hunter^s /•»—stock.

let mortgage bontlsSunhtoick Av. (/?'-t7i'«.)~stock..\,entral Fk., .V.ift t\ River—slK.Consolidated mortgage bon 8.

Dry Dock, E. B. <tBaCteri/—»lk.Ist mortgage, cons'd

Eighth 4penMe—stockIst raortcage

ildSt. (fc Cfrand St /erry—stockIst mortgage

Central Cross 3ou?rt- stock, ...Istmortgage

Sovston, West at.ttPav^F'y—st'k.Ist mortgage

Second Aoeniirt—stock. . .

3d raortgau'eCons. Convei*ll:)lcExtension

Sixth Avenue- stockIst morteraga

7%ird Avenae^stockIst mortga^

3 tennty-lhira £l(re«e—fltocjc.1st T'^.-tffaff'*.

.

1001,000100

1,00010

1,000100100

1,000100100

1,000100

5004O100

1,000100

1,000100

1,000100500100

1,0001.000800&C

1001,000100

1,000100

1,000

900,000694,000

2,100,0001,500,0002,000,000300,000200,000400,000300.000500.000

1,81X1,000l,2flO,000

1,200.000900,000

1,000,000203,000748,000236,000600,000200,000250,000600,000

1,198,500150,000

1,050,000200,000760,000415,000

2,000,000/ ,000,000600,000250,000

J.& J.Q-J.J.4D.Q-F.M.4N.Q-J.A. 4 0.J . 4 J

.

J. &J.J. 41).Q-F.J.4D.1 . 4 .1

.

J. 4 J.M.4N.A.40.

M.4N.

J. 4 J.Q.-F.\.40.M.ftN.A.4(>.M.4N.J. 4 J.Q-F.1:4 J.J 4 J

7 J'Iy,19flO 902H.>pr., '78,

June, '84 100Mav, '73|....

Nov., '80 104Apr., '7811.16

Oct., '78 78100656095

let., '78

1888

Jan.. '7si»02

M ay, '78

Ju e, '93

Jan., "78

Jan., '84

May, '78

Apr., '93

Nov.i904

July, '04

Apr., '^8

Anr , '85

May, '88

Oct.. '83

May. '77

July, '90

Mav, '78

July, '90

Feb., '781 90M'y, '93 100

1001201054091IS

95

105no100

129570102160110150851027565

'.00

88102

iVd12511550962488601009090

115120102100105.

"'"""'t'^a'"' 1,000 250,000 M.4*^. 7 <<»', '93 IQQ 105• This column shows last dividend oa slocks, bat the date of maturity of bonds

Insarance Stock List.[Quotations by K. 8. Bailby. broker, 7 Pine street.]

COKPANIBS.

Adriatic.

.

^tna. ...

AmericanAmerican ExchAmityArcticAtlanticBoweryBrewers' 4MBroaiway

—

BrooklynCitizens*CityClintonColumbia('ommerce FireCommercial ...

Continental....KagleEmpire City

—

EmporiumExchangeFarragutFiremen'sFiremen's FundFiremen's Tr .

.

FranklinGebhardGerman-Araer.GermanlaGlobeGreenwichGuarantyGnardlanHamiltonHanoverHofihianHomeHopeHowardlmporters'4 T..IrvingJeffersonKings Co.(Bkn)KnickerbockerLat"ayette(BkniLamar.. ;

LenoxLong Isl. (Bkn.)LorlllardManur.4 Build.ManhattanMech.&Trad'rs'Mecli'ics'(Ukn)Mercantile.. .

Merchants'Montauk (Bki )

Nassau (Bklyi )

NationalN.Y. EqnltaKioNew York FireN. y. & BostO'New York LiijNiagaraNorth P.lver....PaciacParkPeter Cooper...People'sPhenlx (MklynjProduce Exch.BeliefRepublicKldgewoodRutgers'SateguardSt.Nlcholas....StandardStarSterlingStuyvesantTradesmen'sDnlted States..Westchester...wmiamab'gC.

Capital.

Par, Amount

25loo

200,000200,000

bo 400.000loo 200.000loo 200.00020 200,00050 200,00025 300,000

200,00025 200,000

153,00020 800,000

210.000100 250,00030 300,000

200,000200,000

100 1,000,00040 800,000100 200,000100 200,00030 200,00060 200,000

204,000150,000150.000

100 200,000200,000

1,000,000500,000

50 200,00025 200.000100 200,000100 200,00015 150,00050 600,00060 200,000100 3,000,00025 IfO.OOO50 500,00050 200,000100 200,00030 200,00020 150,00040 280,00050 160,000100 200,00025 150,00050 200,00025 300,000100 200,000100 250,00025 200,00050 160.(XI0

50 200,00050 200,00060 200,00050 200,000371^ 200,00035 210,000100 200,000100 200.000100 200,00050 500,00026 350,00026 200,000100 200,00020 150,00050 160,00050 1,000,000100 200,000.lO 200,000100 300,000100 200,00025 200,000100 200,000

25 200,00050 200,000100 200,000100 200,00025 200,00025 150,00025 'A5O,00O

16 300,00050 250,000

1875. 1876. 1877. Last Paid.

128,919 1057,936 10

tl34,946 1680,494 10192,806 10208,004 14268,204 80177,028 1049,942 10

191,016 20114,918 20211,787 20108.619 12323,996 20178,79ri 20-26,018 ....

-8,314 10448,880 10124,141 12424,88-1 30102,661 20206,028 20108,888 20789,812 15

S,25fl 5.55,756 10

t8,824 1060,747 11

208,786 20116,948 12J<

]4,4S4 1016-1 044 11-e

]2«,7!ja 12J<52.184 10146,366 20168.584 120228.643 18221,003|10408,142|20

ian.,

Feb..,lan.,July,Jan.,Jan.,Jan.,Apl.,Jau.,Jan.,Feb.,Jan.,Jan.,July,Jan.,

Aug.,Jar.,Jan,,Jan..Jan.,Jan..Jaa.,Jan.,Jan.,tan.,Jan.,Jan,,Jan.,Jan.,Jan.,Mar.,Jan.,.Tail ,

Jan.,Jaa.,Jan.,Jan.,Jan..Jan.,Jan ,

Jan.,Jan

,

Jan.,Jan.,Jan.,Jan..Jan.,Jan ,

Feb.,

Jan.,Jan ,

Jan.,Jnn.,Jan.,July,Jan.,Jan.,•an.,

1901701701301105555

156190105

ii'7'w

125103401004550115150108

'50

6013513090107

106104

10217513050

lid11020010518011012550

180ISO

110601106060

1'25

270

135100

'so'

11010890

i'7595160HO95

90140110175

90152120

107195150

115120240

13170

75100

8012811295

114200

* Over all liabilities, including re-lusarance, capital and ECrlp, t The suipluire,^resenLed by scrip is deductei. — shows deflcleocles.

City Securities.IQuotatlons by Danibl A. MoRAN, Broker, 40 Wall Street.!

NiW York:Water stock 1841-63.

do l.SM-57.

Croton water8tock..l&15-51.do do ..135'J-60.

Croton Aqned'ct stock. 1885.

do pipes and mains...io reservoir bonds

Central pai k bonds . . 1853-57.

do ao ..1853-65.

Dock bonds 1870.

do 11^75.

Floating debt stock. . . . 1860.

Market stock 1865-68.

Impi >vement stock— 1869

do 1.0 ....1869.Consolidated bonds var.Street Imp. stock var.

do do var.New ConsolidatedWestchester County

INTEBKST.

767

7

Months Payable.

Feb., May Ang.4 Nov.do dodo dodo dodo do

May & November.Feb., May Ang.& Nov.

do (Iodo do

May & November.

Feb.,May, Aug.4 Nov.May & Novc'nTier.

do dodo dodo dodo doflo do

January 4 July,do do

1878-18801878-1879,

189018S8-1,S901884-19111884-19001907-191 li

1878-1898,1877-1893

190118981878

I

1891-18971889

1879-189019011888

1879-188218981894

1001001»1«103104109107101100116108100117105102108102J4102If 8106

101102I02H105103117108103107117lOS101I!81C»11410»105105109107

[Quotations by N. r. Brurr. .(r.. Broker. 'iw wall st.l

Brooklyn—hoc&l Impr'em't—CItv bonds

do ..

Pnrk bondsWater loan bondsBridge bonds..vValer loanCity bondsKings Co. bonds ..

do doPark bondsBridg"•All Brooklyn bonds flat.

.' mnary 4 J uly,do dodo dodo dodo doao dodo do

May 4 November.In do

January & July,do do

1878-1880 1011881-18951105I915-19241118

1903 118- 1915 118

1902-1905 108I881-1.S95]I041880-1S8;!;108lSSO-1885 102

1H'.>4 1081907-19101 108

<04113119W11931193109^107108106110IIOX

[Quotations by C. Zabriskib. 4: Montgomery St., Jersey City.]

Jersey City—Watei loan, long

do 1869-71

Seweragebonds 1866-68.

Assessment bonds. . .1870-71.

Improvement bondsBergen bonds 186S-69.

January* July.January 4 Juiy.do do

Jan.. May, .lulv A Nov,J. 4 J. and J 4 O.January and July.

1895 101 1081899 1902 108 10«1877-1879'lOe 108

1891 107 109ll'OS 107>ilOI1900 1 105 ilOS«

JUHK 23. 1878.] THE CHRONICLE. 623

JnucstmcntsAND

STATE. CITY AND CORPORATION FINANCES.

The iNVEBTOUB'SoprLKMENT Is pabUshed On the last Saturdayof each month, and furnished to all regular sabscribers ol theChtioniclb. No single copies of the Supplemknt are sold at the

office, as only a sufficient number is printed to supply ref^ular

subscribers. One number of the Supplement, however, is boundup with Thk Financial Kevibw (Annual), and can be purchasedin that shape.

ANNUAL REPORTS.

Cliicogo Kock Island & Faciflc K. B. Co.

(For the year ending March 31, 1878.)

The annual report furnishes the following : The property form-erly known as the Chicago & Southwestern Railway, now IowaSouthern & Missouri Northern Railway, passed fully under thecontrol of your company at the beginning of the present fiscal

year, and the earnings, operating expenses, and interest paid onaccount of the guarantee of Chicago & Southwestern bonds, areall included in the (ollowing s'atement of the operation of yourroad, for the year ending March 31, 1878. The property ownedor controlled under lease t>y the'Chicaeo Rock Island & Pacific

Railroad Company, comprises the following lines and branches :

Miles.Chicago to Conncll Bluffs (main line) 500!4Peoria & Bareau Valley R. K. Branch (leased). 46iiSouth Chicago Branch 9Wilton to Kuoxville (Oskaloosa Branch) 12-i

Des Uoint'S to Indianola and Winttrse: (Branch) iiIowa Southern & Uissonri Northern Railway, extending from Wash-ington, lows, to Leavenworth, Kansas STl

l.COJ

KoTE.—Where comparieons are made in this report, the earnings or expen-ditnres of the Chicago & Sonthwestt'rn RaUway, lor 1876, have hcen add(d totheamonnt reported for the Chicago Rock Islaiid & I^ific Railroad for thetame year.

EOUBCES OF REVENUE.1876-7.

From parsenger transportation $3,023,604From freight transportaiioa 5,.».3,779

From mail transportation... 163,970From express tranFporlalion 109,^39From rents, interest, &c 161,845Prom mileage of cars (4,951From telegraph line 6,976

Total »;,854,5««

EZPEHniTURES.

Operating expense {4,256,601

Taxes 848,6(1

Net earnings $S,349,;64Percentage uf operating expenses to gross earn-ings 5). 19

Percentage of operating expenses—taxes In-

cluded— to gross earniijgs 57.36

1877-8.

$1,8:6,6536,5;5,733150,763109,800134,48671,0048 089

$7,895,670

$4,137,113947,400

$3,511,356

S«.40

S5.53

Out of the net income for the last year there w?re paid the fol-

lowing:

Interest on mortgage bonds $5X54fiInterest on income bonds 57,780Interest on Chicago & Southwestern bonds SSO.OuOIncome bond sinking fund ; 40,0Rental of Peoria <te Bureau Valley Railroad 125,000Four quarterly divideuds, 2 per cent each 1,678,334

Total $2,845,709Leaving surplns $665,647

COVPARATIVE SUXXABT.1876-71. 1677-78.

Nnmber tons ftelght carried onemile. 337,135,6&J 3"0456,S3aNumber passengers carried one mile 68,669,516 68,098,47^Barnicgs per mile I UD, on freight $1 d2 $1 2i£xpenses per mile run, inc. leg'il expenses and taxes. '716 *70

Percentage of operating expenses to earnings 67'67 65't3Percentage of expenses to eartiings, loss taxes 54"51 52*40

Amount receivt d per ton per mile 1 61- 100c. 1 56-lOOc.Amoont received per passenzer per mile 2 947-lOOOc. 2 974-10O"c.Cost of fuel per mile run.. 7 6 89-lOOc. 6 69-lOOc.

The passengers carried, compared -with the previous year,

decreased 41,439, or 2 6-10 per cent. The movement of passen-

gers one mile decreated 9 56 100 per cent, while the earningsarising from passenger traffic fell off $176,951, or 8 74100 percent. The average distance traveled by each passenger wasthree miles less than last year, and the rate per mile per passen-ger 27-1000 of a cent more.The general depression of most business interests throughout

the country, and the reaction following the unusually largetravel of the Centennial year, sufficiently account for tiediminished earnings from this source. Tonnage movement offreight increased over the previous year 10 85 100 per cent ; butas the average rate per ton per mile decreased one mill, theincrease in freight earnings was only 4 146 1,000 per cent. Thedifference of one mill per ton per mile on all the freight hauleddaring the year, amounts to $3.57,259; or, in other words, if theaverage rate of the previous year could have been maintaned,the increase of freight earnings would have been $357,259greater, or nearly 1| per cent dividend on the capital itock ofthe company. It may not be out of place here to state that theLegislature of the State of Iowa, at its last session, modified thelaw enacted in 1874, known as the " Granger law," repealing thesection that prescribed fixed maximum rates for carrying freight

;

and while this change may not result in any material increase ofreyeniie, it is gratifying as further evidence that a more liberalspirit is beginning to pervade the public sentiment of the Westtoward railroads and their management.

The Land Comminioner report! the sales of lands for the yearat 12,961 acres, for the sum of $108,663, being an average ofabout $8 88 per acre.

Interest receipts for the year amounted to $.57,863. Paymentson contracts reduced bills receivable from $823,950 to $791,409.Taxes paid on account of lands owned by the company, andremaining unsold November 1, 1877, $46,890, it being ao averageof aboutm cents per aci eon 822,800 acres. $l.'iO,000 have beenremitted to the Commissioners of the Sinking Fund durlag theyear, making a total remitted, up to the 31st of March, of $770,-000. The distance of the bulk of the company's lands fromrailroad facilities, and the persistent effort on the part of a fewsquatters and their attorneys to create distrust as to the validityof the company's title to lands lying more than twenty miles fromtheir line of road, has operated to deter purchasers and defeatsales ; but it is expected that the construction of a branch rail-

road, the present season, and the recent defeat sustained by thehomestead claimants in the State courts, will remove tbe obsta-cles that have hitherto retarded sales.

BONDED DEBT.

According to the plan proposed, $8,838,000 of the bonds draw-ing 7 per cent interest have been exchanged by the company orredeemed by the sinking fund—leaving only $163,000 of thebonds of that issue still unpaid ; and as these outstanding bondshave been regularly drawn for payment through the sinkingfund, and have ceased to draw interest, it is probable that theywill soon be presented for payment. Tlie total expense in mak-ing this exchange for a bond drawing 6 percent interest has beenborne by the sinking fund ; and $4,S).50,()00 of the total issue of$9,000,000 were purchased and paid off through that source

—

leaving $3,888,000 which were voluntarily exchanged by theirholders for the new bonds. The annual esving of interest to thecompany will be $90,000 from this source, the bonded debt ofthe company remaining the same as per the last report. The 7per cent sinking fund bonds, amounting to $4,050,0(K1, redeemedby the sinking fund, as above stated, have all been delivered to

this company, and, together with those exchanged, $3,888,000have been canceled and lodged with the United States TrustCompany, excepting two bonds, which are still in the possessionof this company. "The company told to a Syndicate $3,128,000 ofthe 6 per cent bonds at a premium, and also gave them the rightto exchange any of the income sinking fund 6 per cent bonds,which are now included in tbe same mortgage, for the bonds ofthe new issue, upon their adjusting the difference of interes'

;

and, under this contract, $84,(100 of the income bonds have beenexchanged, and the income bonds canceled and delivered to theUnited States Trust Company, in conformity to the provisions ofthe deed of trust.

DISPOSITION MADE OP SURPLUS EARNINGS.In view of the resolution in regard to*a division of surplus

passed at the recent annual meeting, the following statement inthe report is of interest:

Cott of road and equipment, including Oskaloosa, Sooth Chicagoand Port Leavenwiirth branches , $32,951,594

Cost of railroad bridge at Rock Island 158,536

Total construction account $S:V>10,1S0Capital stock issued $2n,9eo,''CO

Bonds Issued 9,998,0-0—30,978,000

Sarplus absorbed in construction $2,739,120Cash, materials on hand and balances dne from other railroads,&c. 1,.347.992

Capital stock In connecting roaas, and bonds 4,9i!9,653

$9,019,768Less balances dne commls'ers' sink, fsnd,suspense and other ac'cts. 748,734

Total surplns account $8,896,0iS

There will be added to the abave surplns, as soon as the balanceof the outstanding seven (7) per cent bonds are all canceled (at

this date, June 5, $124,000), the sum now due the commissionersof the sinking fund, $716,428 ; also the avaUs of the contracts for

lands already sold, as reported by the commissioner of the landdepartment, at $791,495 ; also the current receipts for future sales

of land.

The following is the balance sheet of the company March 31,

1878:LIABILITIES.

Capital stock fixed. $a5,000,CO\ amount Issned" $20,979,800Fractional scrip convertible into stock . 200Six per cent mortgage bonds $8,910,000Six per cent income bonds 916,f00

Seven per cent mortgage bondst. 163,0009,999, OeO

Fractional agreements convertible Into bonds 100Commi'sionersof sinking fand .... n6,418Suspense account 1,641

Income bond sinking fund M4Profit, balance of Income account 8,atS,0n

Total. .$S>,99T,1M

Assrrs.

Cost of rood and eanlpment, Inclndlng Oskaloosa and other

branches $S»,«6I,6»4

Cost of bridge at Rock Island • iS.'iSCapital stock In connectlig rai roads • ,'SSSix per cent mortgsge bonds on hand. tJ^*^ZLoans piyable on :iemand anil cash In New York ^'J*Due from 1' 'St Office Departmetit .32'™Stock of material, fuel. &c, on hand 18a,»J0

Cash and balance dne from other roads in band* of local treaaorer,

Chicago • ..__»£«8

Total $39,997,764

• The certificates represenilne 40.200 shares of the capital stock of this

company, heretofore represented In tbe;uble, have by resolatlon of tbs boardof directors been canceled.

, . ^ • .

t $2,0:0 In addition of the 7 per cent bonds have been canceled, but notexchanged at the date of this report.

624 THE CHRONICLE Vol. XX.VL

Cincinnati Hamilton & Dayton Bailroad.

{Fw the year ending March 31, 1878.)

The following is from tbe report just issued ;

INCOME IN 1817-8.

Sources. C. H. & D. D. & M. C. B. & CPassengers, local $373,858

" througli 67,334

Freight, local 350,301" through H2,3tl

Mails 8.8T7

Express n,fl84

Beats, track and reai est.. 2i,73S

Use of cirs & locomotives. 12,331

Interest 41,687

Toledo elevatorIndianapolis pool 3,419

HiscelUneons

199.589 815,:0746,018 15,559181.983 61,92379,951 62,05516,469 3,651

18,777 6,3014,889 152

5,390

$940,3573,8 ;4

18,161

2,066

Paid Dayton pool,...

Total receipts $936,433 $866,549

EXPENSES.

For C.H. &D. D. &M.Trannnortatiou $561,965 $6:8,773

Hues , 47,998 51.526

IniB.ebi, 807,514 184,760Dividend on common stock .... 35,230

Dividend on pret. stock 102,888

Totals,$620,196147,603

1,059,34733(1,178

34,72941,7H7

30,28215,33342,68718,16417,0.32

7,416

$2,366,7163,824

$195,088 $364,521 $!!,362,891

133

C.H.&I.$101,440

18,596166.13961,8i9

5,7804,7322,573

13.478

C. E &C.$123,837

4,964

43,341

C. H. & I. Totals.

$959,966 $1,474,54211.191

*116.125

Total expenses $817,608 $904,168 $172,113

$22,954

4^062

Profit $118,924Loss — . . —Proflt,1677 78,103Lots, 1877

837,819

118,683518,7i.l

35,230102,68S

2S6 $2, 80,107

$53,784

69,901

$....21,765

199",547 147,177

Netgain $40,715 $32,531 $18,882 $177,782 $260,962

* Six months' Interest due Janua^ 1st, 1878, and unpaid, amounting600, not included in this item. H'd that been paid, the loss in operr

Cincinnati Hamilton & Indianapolis Bailroad would have bee:. $10J.

EABKIHQS, EXPENSES AND PROriTS.

Exp. incld'gEarnings, interest and Profit.

Ciu. Ham. & Dayton $936,433Dayton & Michliiaa 866,849Cln, Kich. & Chicago 195 088Cin, Ham. & Ind.... 364,521

interest andtaxes.

$8:7.C08901,168172,143*38tt,286

• j87,-

•i theJ 25.

Loss.

$118,924

32,94437,319

2i',765

Total $2,362,891 $2,280,10? $82,784• This item Includes but six months' interest on the $2,500,000 of bonds of

this company. Had the full year's inleret been paid, the loss in operatingtbe C. H. & I. E. B. would have been $109,265, as against $199,547 for the yearprevious.

From the President's report tlie following is condensi^d :

' As compared with tbe previous year, tliere has been a falling

off of gross earnings of $68,983. Yet it is somewliat encour-aging to know that, by careful and economical management,there has been much more than a corresponding diminutionin the working expenses of the lines—the saving in this respect

having been $276,933, showing a net saving for the year of

$207,1151, which, with the diminution in interest and taxes,

makes a total saving of $269,963 as compared with the previousyear.

" Ihe average rate per ton per mile of freight was 1'564 cents,

against 1-539 cents the previous year. Tlie average rate per pas-

senger per mile was 2'331 cents, against 3 459 cents last year.

BONDED AND FLOATING DEBT." The balance of third mortgage bonds of this company, which

fell due June 1, 1877, amounting to $351,000, have all been paid,

and the mortgage canceled. To do this, tliere was a fund of

$129,^79 on hand at last report, which had been derived from the

Bale of the company's consolidated mortgage bonds, and the bal-

ance, $233,130, was made up by increasing the bills payableaccount, which, at the close of the premnt fiscal year, was $373,-

885, as against $346,190 at tlie end of the previous year, makingan apparent increase of $126,695, which, deducted from theamount borrowed for the above purpose, makes an actual reduc-

tion of the floating debt of $96,424, and leaves in the bands of

the company, unsold, 350 bonds, less 5 put into the sinking fund.

The sinking fund of the C. H. & D. R. R. as provided in theconsolidated mortgage has been paid to January 1, 1878."

CONDENSED BALANOE SQEET, HABCH SI. 1S78.

Construction $3,828,066Equipment 1,121,250Eeal estate 871,543Fuel and materials 88,391Iron rails account 55,135Woodlands 3,565Bills receivable 4,408Stock and bonds. ''967,121

Due from foft-offlce Dep't.

.

8,7(16

Due from Railroad Go's 51,721Due fiom individuals 47,629Daniel McLaren, Trustee. .. 86,924C. B. & Ft. w BK. Co 141,325Dayton & Mich. RR. lessors 623,740Cin. Eich. & C. KB. lessorsCin. H. & Indianap. BK. Co. 995.793United States Trust CoCash and cash assets 139,566

$8,431,901• This account represents the following secnrlUes. viz.:

Par Value.700 CiBclnnali Hamilton & Indianapolis bonds.. .. $700,00026 C. R. & C. first mortgage bonds 36,CO065 C. K. & C. second mortgage bonds 65,1 Ori

7,502 shares C. E. & stock 37>,10047,962 shares D. &M. slock ... 1,31)8.100

LiabUitUs.Capital stock $3..100,000P' rsL mortgage bonds 1,215,"'

Second mortgage bonds 494,000Consol. mortgage bonds ... 9v,6,000

Third mortgage bondsSurplus earniiiga 1,446.550Interest on bonds 63,696Dividends unclaimedDue railroads 112.511Due individuals 76;5'>1

D. <fc M. pref. dividends. .. 25,916D. & M. com dividends.... 19.481Cin.Rich. & Chic. HE. losses 18,738I'ay-roilB 7J,23-i

Billsp.yaWe 372,88)

260 shares Cincinnati Elevator Co. stock.138 shares C. H. & D. Railroad stock36 Income boids D. & U. Bailroad81 shares common st ck D. & VS. Bailroad .

56 ehsrea preferred stock D. & U. Bailroad

.

25,1 002,800

36,1 00 1

4,050 >2.900 )

$2,634,850

Nashua & Lowell.

{For the year ending March 31, 1878.)

Prom the recent annual report of the directors, we condense the

following: It is now over twenty years since the Nashua &Lowell Corporation parted with the immediate control of its

railroad and the collection of its earnings, and united with theBoston & Lowell Railroad Corporation in placing the roads of

'ooth corporations in the hands of one managing agent, to beoperated by him for the joint account of both parties, under acontract for that purpose, which assigned 31 per cent of the

earnings to the Nashua & Lowell Co., and 69 per cent to the

Boston & Lowell Co. This contract will expire by its own limita-

tion on the first day of October next. The Nashua & Lowell R. B.

was operated separately by its own officers for many years until

1857, and daring all that time it earned and paid regular semi-

annual dividends, averaging 833 per cent per annum, against anaverage on the Boston H Lowell Railroad for same time of 7'1

per cent per annum. For 'he eighteen years next succeeding

the adoption of the joint contract of January, 1857, the regular

dividends to stockholders of this company averaged 8 8 per cent

per annum, or including an extra dividend of 30 per cent in

shares, they averaged 10 per cent per annum. After a 4 per cent

dividend mad" in October, 1874, until October, 1876, no dividends

were made. A dividend of 3 per cent was made in October, 1876,

and a like dividend of 3 per cent has been since made semi-

annually to the present time. It is tbe belief of a majority at

least of the directors that this company has not received its quota

of tbo net earning assigned to it by the joint contract at any time

since July, 1872, :ind that the amount of such net earnings

received by this company since that time has been about one

third less in r-.ijunt than is provided by the contract itself.

TEBMINATI J--( OF JOINT CONTKACT AND PE0P08ITI0N FOBRENEWAL OF SAME.

Anticipating the necessity soon to arise of making some newprovision for operating your road after the first day of Outober

next, your directors have conferred with the directors of the

Boston & Lowell Co., with a view of ascertaining upon what,

terni.'i some new arrangement could be made with that companyA ' roposition was finally submitted to this company on the part'

1 the Boston & Lowell Railroad Co. for a continuance of tbe

joint-traffic contract, so modified as to take 7 per cent from the

net earnings allotted to the Nashua & Lowell Co. as its share bythe old contract, and to add a like amount to the share of the

Boston & Lowell Co., or fixing upon 34 per cent and 76 per cent

as the new ratio of division of net earnings in place of 31 per

cent and 69 per cent as heretofore; each party in future t> payits own rental charges from its own sliare of profits, and that

resort be had to arbitration in case the above division of earningswere not satisfactory to your directors.

We think that all the economical advantages of such joint-

traffic combinations can be obtained equally well from a contract

for the operation of your road at a fixed rate or cost to you, andthat before listening to any proposition for another joim traffic

or pooling arrangement nf any kind, you should first ascertain

on what terms as to cost your road can be operated.

The terms proposed as above by the Boston & Lowell Co.

would in our judgment, if accepted, yield you at present less

than 5 per cent on your capital stock.

INCOME AND EXPENSE ACCOUNT.The following statement shows the income and expenses of the

Nashua & Lowell Railroad for the year ending March 31, 1878

:

Ii.come.

Net income from joint management $78,217

Rents for hall, stor 8, etc 1,917

Boston & Lowell BE. on account of error in apportionment of taxes. . 16,624

$»6,759Expenses.

Interest on $200,000 gold bonds : $12,497

Interest on floa ting debt, less interest received 9,907

Wilton Bailroad in full for the year, being 6 per cent on capital,

$221,000, and $150 for organization 13,530

Taxes and insurance 2,125

Office expenses (ordinary) $1,601

Amount charged and withheld by the late Trea8ur,r on accountof his claim for salary and other tervices 6,900— 8,501

Miscel.aneous expenses 1,888

Advertising and slationery 101

Dividends Nos. 75 & 76 ^''?'?Carried to contingent fund 16,258

$96,769

GENERAL INVESTMENT NEWS.

Alexaiidria & Predrlcksbnr,?.—The sale of this road adver-

tised recently did not take place. A petition was filed in the

Circuit Court, Alexandria, by judgment creditors of Ihe road,

claiming that, as the deed of trust under wbiob the sale wasadvertised was made before the time at which the right to makea road beyond Alexandria was granted to the company, the deed

of trust did not include that portion of the road lying beyond this

city. After argument on the subject. Judge Keith withheld his

decision, and the sale was postponed until after this question is

adjudicated.

Ceulral of New Jer.'^ey.—Tbe stgreement which creditors are

invi ed by the receiver to sign is as follows :

That we will accept, in full pav-nent and satisfaction of all sums severally

due to us. liicom.' bonds of the said company, of the is-ue described in the

agreement for ihe equitable adjn-tment of the affairs thorenf, dated February

i-, 1878, equivalent at par to the amount of said sume, and to be delivered on

the- first day of July, 1578. ,, . , , . ., . .

Or 50 per cent of said suras in cash, paynble in three equal ii stalments, at

six, 1 ine and twelve months from said day, during which period ihe time for

payment of said sums is exttnded; provided, however, that in the Utter case

our option to take such obligations in lieu of bonds shail be nollflod to

$967,121 said receiver la writing before said day.

$8,434,901

On Books.$61)5. ICO

18,'lhn

69,730100,97ii

58, 5525,0002,800

6,800

Junk 22, 1878.] THE CHRONICLE. 625On reealpt of payment a< aroriKSld. w wl'l •arrondor all evldenccg of

S.ti''"''' ^^ "* ">Pf«»«utinK Iho "aid mim* dno to ni.

ThiB agn amrnt rha 1 bo void npon fullure of Mid receiver, upon demand.to del ver .a:d l>ond« or pay rAid instalments within ten dayt after the timeherflnbtfori- llm ted.

Chesnpcake & Ohio.—Notice in given that all bondlolderjwho desire tu join in ilie rMOrgaMizition, and have not vet depoa-Ited ilieir bonds with the Ccn'ral Trust Company in New York,must do BO before July 1, ai< the I'urchasing Committee la re-quired to make a settlement by that date.

Grnnd ISapids & Iiulinna.—A Ptatement of sales of landsbelonging to the land grant of thia company is as fol ows :

i8:r.

$14,751Month of May

. tWCSSFive mom hs of year. !'..". 319 830Increase !.!.*"'. !'.*.'.'.'! *.'.

.'. 19V 741Ilniiiiibal & St. Joseph.—This company last year created

|1,500,000 of third mortgage sinking fund bonds, which wereused only as collateral for loans. The company has finally canceledthe entire issue, which was burned and destroyed in presepcci ofa committee represeniing the railroad company and the UnionTrust Company. Of the bonds lecured upon the land contractsthe third lot of |2."),()00 since January has been drawn for'redemption and cancellation. The whole amount of theseauthorized waj f 1,000,000. and the officers of the railroad companystate that ^S.iO.OOO of the bonds bave been sold at 95 and accruedinterest, and that the company has paid off a floating debt of$300,000.

Indianapolis Cincinnati & Lafayette.—Mr. M. E Ingalls,receiver of this road, in his report for the month of May, has thefollowing

:

CASH RECEIPTS.Balance en hand Apr. S", 187iJ. $8,-256From renta 1,728From loans 50,000From agents and con'lnctors,

,

101,056From other railr'd companies. li,:!8i

From ezpros goods 2,O0SFrom sale of SLfap, &c 5,80nFrom interest 605From mlfcellaneons sources.. 1,31

1

Total $191,047

OASU DISBtJBSEMENTS.Loans 833,025Salaries and wages 44,760Legal ixpenses niTaxes 4,379Bond interest 24,855Acemnt fteel rails 13,780Interest 934Kenis 11,757For supplies ;9,C3aRailroad hilances 23,165lUiscel. bills and vouchers ii,e4«

Balance on hand May 31, 1878. 4,729

... „ . ,Total $191,017

Louisiana Consols.—A letter from Messrs. Townsend &Lyman, of New Orleans, says that

—

"Kach year's reienue is also only applicable to that year's disbursementsNow, as nginds cdnsnls, the .'vJi mills has eaciedly to be put aside f. r theInteiestof the resp ctlve year, for which collected—1378 c^nni)t touch thefund of I877nor 13.5. nor'7D that of 1877. Each year's collections go to pay theInterest of that year and no <.ther. 1 here will be no year when at least three-quarters uf the entire coupois of that year cannot be paid; couequerfyeven If onc-haif of one coupon per year shou d go unpaid, there wouldstill beat 80, a 6>i per cent per annum luveftmeni."

In regard to this and all other QDancial laws, it may beremarked that their importance to bondholders depends chieflynpon the manner in which they are carried out.

Missouri Kansas & Texas.—A petition will be presented inSupreme Court, Chambers, by Levi Parsons, for an order againstthe Missouri Kansas & Texas Railway Company, to show causewhy the petitioner should not be admitted as a director of thecompany. The petitioner states that he owns 9,108 shares of theStock and a large amount of the first and eecond mortgage bonds,and at the election of thirteen directors of the company, heldMay 15, at Parsons, Kansas, he was duly elected one of theBoard ; that at ihid meeting there were represented 172,000shares, which, under the Kansas law, were entitled to cast asmany votes in the eggregate as should equal the number of sharesmultiplied by the number of directors, in this instance makiug3,236,000 votes. That at this meeting fourteen persons werevoted for. N. L. McCready received 273,537 votes, the petitioner21'2,628 votes, and the others 133,019 votes each. Notwithetan^ing this vote, he is|refu8ed recognition as a member of the Boardof Directors.

Montdair & GreenTrood Lalie.—This road is advertised tobe sold under foreclosure August 17.

New Yorli Lake Erie & Western (Erie).—At the meeting ofbondholders held in London, June 4, the reconstruction trusteespresented a report. The trustees stated that the assents to theplan included |15. 932,000 out of 116,656,000 first consolidatedbonds and |24,305.00U out of $25,000,000 second consolidatedand gold convertible bonds ; assessments bave been paid on 49,151out of 85,369 shares preferred and 318,648 out of 780,000 sharescommon stock, and many mure stockholders are expected to comein. The amount available for improvements of the road is esti-mated at $3,750,000 from stock asfessments an<i $2,250,000 fromincome saved by funding coupons, or $6,000,000 in all. Tliereport was accepted and a committee appointed to fix the com-pensation to be pa d to the trustees for their services.

Ohio & Mississippi.—The Times reports, in regard to therumors of a settlement by wh ch the road would be taken out ofthe receiver's hands, that the rumor is stated to have been untrue,and the facts are given as follows: An arrangement was su ^

gested, and preliminary 1 apers were drawn uii and signed by theproper persons. Among the signers were Sii Heniy Gait, of Canada,and Mr. John Bloodgood, of this city. The luiier represents theholders of what are known as the Springfield bunds. Before thescheme of re-organization was approved, a request was made oMr. Bloodgood to modify the terms affecting the Sprini>fiel I

bondF. He refused to do so, and Messrs. King and Garret Tltlt .1

this city to con-ul'. with him. He informed those gentleme.. thatthe scheme of re-organization was not altogether satisfoeinTv tothe interest he represented, but that it would be adhered to.There is as yet no indication of the speedy re-organizaiion of theOhio & Mississippi Road.

Panama Railroud-Paciflc Mall.—The TrUmne reports tb»tthe Pacilic Mail St«amshii> Company has receive! a detailedstatejient of its Indebtedness to the Panama Railroad Cunpiajwhich shows that Instead of being $1,663,125, as given i.. theannual statement of April 30, it ia in excess of $2,000,000. Th*officers of the I'acific Mail Steamship Company declined to fnr-nish the statement or any direct Information concerning ii, butfrom a trustworthy source the following figures were obtainedas approximate amounts : -..utMM-:.— ''^Mf^Two loans by"Panama Kailroad Co ai 7150 (wmBalance due on contract to May 25... lilLO^Notes not matured 1.^0000Earnings for May, due June 25 ......'. SS'ooSEstimated oatnluis for one-half of Jane '..'.' iijSn

Total (2.8tO,00Per contra :

Vaturcd and pa'd S60 OOONt t due for fourteen years i.il.'.*.'! . 1690000Intertst paid to June 1 ...,.!. tOOOO

„ .Total. $1,810,000Net indebtedness 490.(00

President Park said ;" The Pacific Mail owes our company

now over $2,000,000. Latt week we requested the payment of$150,000. It was not a demand, but simply a notification thatwe needed that amount. We loaned the steamship company$500,000 a long time ago, and subsequentlv we loaned an addi-tional $1,000,000. When the rompany was short of funds wetook notes and had them discounted. The steamships of thePacific Mail Company are all in the name of the Panama RailroadCompany. We have no intention of instituting proceedings fora receiver, as r ported. In case of default we could run thevessels of the Pacific Mail for its benefit. The relations of thetwo companies are friendly, and will probably continue so."

St, Loais Alton & Terre Haute-The main line of the St.Louis Alton & Terre Haute Railroad was leased June 1, 1867, tothe Indianapolis & St. Louis Railroad Company^for 99 years.The principal conditions of this lease are that the lessee shall f ay30 per cent of the gross earnings of the line up to $2,000,000 perannum, or, failing that, not less than $4-50,000," per annum. TheIndianapolis Cincinnati & Lafayette, the Pittsburg Fort Wayne& Chicago and the Cleveland Columbus Cincinnati & lndi:njapolis Railroad Companies guaranteed this rental. By theterms of the contract they were to make up to the St. Louis Alton& Terre Haute Company any deficiencies in the payments by theIndianapolis & St. Louis Company. Very soon after the agree-ment, however, the Indianapolis Cincinnati & Lafayette Roadwithdrew and refused to continue a party to the guaranty, anddeficiencies in the payments by the lessee, for the past nine years,have been supplied by the two remaining guarantors. The reportof the IndianapDlis & St. Louis Company lor 1876 showed that it

was able to pay the St. Louis Alton & Terre Haute only $209,000in that year, and that, consequently, the guarantors of the leasehad to make good a deficit of $241,000. The deficiency in thepayments in 1877 is said to have been as high as $300,000. Since1876 the deficiencies have been made good every two months andnotes given by the guarantors. Two notes were thus given bythe guarantors to the lessor'on June 3, and now the makers ofthe notes have notified the holders that they will not pay them atmaturity, unless the terms on which the road is leased are modi-fied. Thev have not stated, however, what modifications wouldbe acceptable to them.

It was reported on "'the Street" that a new lease, under whichthey would not have to pay more than they would have had topay if the I. C. & L. Company had continued to be one of theguarantors, would be satisfactory to them. This is also theopinion of the officers of the St. L. A. & T. H. Company. Thelegal question at is?ue seems to be simply whether the two com-panies guarantee two-thirds, or $300,000, of the $450,000 renta)fixed in the lease, or whether they are jointly and severally boundfor the whole $450,000. The officers of the Terre Haute Roadsay that if the courts should decide this question in favor of theguaranteeing roads, they will be unable to meet the interest onall o. their bonds. This annual interest is as follows:

On Srst mortgage bonds $1SI,C00On second mortgage bonds 196,000On income bonds ll!i,00O-

On equipment bonds 30,0C0 .

Sinking fund... 2>.000

Totol $521,000

The Bources^of the income of the company last year were:Rental of main*'line, $450,000; the Belleville Branch, owned andoperated by the compsi-y, and the leased Belleville & SouthernIllinois road, $130,000. After the interest and the construction

account were paid out of this aggregate of $580,000, the TerreHaute Company had a surplus of $47,000. HHS__3J^St. Loiils A Iron Mountain.—The case of the Union TrustCompany, 6f New York, against the St. Louis Iron Mountain &Southern Railwsy Company, pending in the United States Circuit

Court, was finally submitted on briefs and printed arguments ofcounsel at St. Louis this week. The case was formally arguedbefore Judges Dillon and Treat in March last, but further timetill June 15 was given all parties to prepare b iefs and sabmitauthori ies. The suit is for the foreclosure of the consolidated

mortcage and the sale of the load. No decision will be 'endereduntil the next term, beginning on the third Monday in Septem-ber next.

Savannah City Bonds.—The following is the substance of aproposition made by the authorities of the city to bondholders,for their assent: ygtf qapMfi^) ZPI^tttt "^ 9:^^^!^

1. Bondholders to receive in.exchange, for the present.bosaB

626 lThe chronicle [Vol. XXVI.

new bonds for same amounts, having thirty years to run fromfirst day of Feb., 1879, with quarterly coupons for interest at five

per cent per annum, all of which bonds and coupons shall beexempt from taxation and be received by the City, as they mature,at their face value as cash, for all taxes and debts of everydescription (due and to become due) to the City, or paid in cash,at the option of the holder.

2. To receive in full payment of all interest and coupons (andfractional parts thereof) to Feb. 1, 1879, fifiy eight per cent oftheir face value, at which rates they are to be received for one-half of any tax or debt due the City, and paid in cash in the orderof their maturity, as rapidly as practicible, until June 1, 1879,and after that date on presentation.The third and fourth points of agreement relate to the option

of registering, and 'o the authority to be procured from the Statelor the new issue, and to the sinking fund provisions. The fifthpoint is as follows:

5. That all bonds for which this compromise is accepted beStamped in accordance with terms hereof, and until holdersrepresenting one-half of all bocds now outstanding join in settle-

ment herein proposed, the same shall not be binding beyond July1, 1880, on which day, unless one half of the holders shall agreeto this settlement, those who have agreed shall be relieved fromthe same.

Southern of Long' Island.—The bondholders' committee hasagreed to report in favor of scaling down the second-mortgagebonds to 60 per cent and the third-mortgage bonds to 40 per centof their present amount. A meeting of the bondholders is calledfor June 25, at which the report will be presented.

Union Pacific, Kansas Pacific and Colorado Central.—TheChicago Tribune of June 14 published in a special dispatchfrom Leavenworth, Kan., the full text of the contract betweenthese companies, of which an abstract was given in the CiiKON-ICLE last week.The agreement is executed in quadruplicate between the

Union Pacific Railroad Company, the Colorado Central RailroadCompany, the Kansas Pacific Railroad Company and HenryVillard and Carlos S. Greeley, receivers of the Kansas PacificRailroad Company. It is agreed between the parties as fol-

lows:

1. That the railroads of the parties hereto Bhall, under the general directionof the UEion Pacific Railroad Company, be managed, operated and controlledae one property.

•2. That to this end all the tolls, Income, rents, issues and profits arising fromthe freleht, passengir and all oiher traffic of, over or from the said railroads,incUiding the existing branches of the Kansas Pacific Rail'-oad Companyhereafter referred to, as gross earnings of the parties hereto, including thebridge of the parly of the first part over the Missouri River, between Omaha,in Nebraska, and Council Blufl's, in Iowa, shall constitute a common fund orpool.

3. That the gross earnings contributed by the parties hereto fhall be appor-tioned, divided and remitted monthly to the proper oflicers of the resptctiveparties hereto, as follows— i. #., to the party of the first part, for its main line,7£'e58 per cent; to the party of the first part, for Its Omaha bridge, a'776 percent ; t > the party of the second part, 4'B73 per cent ; to the party or the thirdpart, 19-693 per cent These percentages having been arrived at by mutualagreement, tiie earnings of the propjrtits of the parties hereto for the preced-ing year being treated as thj basis of this apportionment, the said earningsfor the preceding year having been agreed to have been as follows, viz.

:

Of the party of the first part tor its main line $i3,873,'i03Of the party oi the first part for its Omaha bridge. 475,273Of the party of the secona part 800,000Of the party of the third part 3,371,301

Aggregate gross earnings for the preceding year $ 17, 1 19,777

Provided, however, that If the contributions of either of the parties heretofor gross earnings, for any momh shall be In ticess of its distributive share ofthe gross earnings, on the basis of this article, then there shall be retained byBuch party out of the aggregate gross earnings the sum of 50 per cent of suchexcess on freight earnings, such sums to be allowed to such party as n com-pensation for the coat if conducting the transportation of freigat by It, butnot to be allowed for the transportation of passengers.

i. That within thirty days of the expiration of the first year after the execn.tion of this agreement, and within thirty days of the expiration of each suc-ceeding year of the pet lod covered by this agreement, a readjustment ot theabove-named percentages shall be made-on the application ofi-Ither of theparties hereto, if they be not otherwise an-reed, in the following manner:The patty of the Irat part shall nominate two dlTlnterested experts, one ofwhom shah he charged with the duty of representing and acting in the inter-est of the Omaha bridge, the other of whom shall be charijed with the duty ofrepresenting and acting In the interest of the main li^ e of the party of theflrst part, and the pirtles of the second and third parts shall each nominate adisinterested expert, each of whom shall be charged with the duty of repie-Bentingatd acting In the Interest of the second and third parties respectively;and if the expert' n»minated shall unanimously agree upon a decision of thematters and questions submitted for their determination, fuch decision s-hall

I hi final for the succeedir «; year; but if they shall not agroe upon a unanimousdecision, said experts shall agree upon a fifth expert, and a decision of amajority of said five experts upon the matters and questions -ubmilted shallbe final lor the succeeding year ; and It sliall be the duty of said exoerts. inconsidering the matters and questions submitted for their determination, andin forming their decision, to give careful and due regard to the natural andlegitimate growth of local freight and passenger trafllc of the railroads and ofthe parties h ereto ; that, iu determining the percentiges of the respe:tiveparties hereto, the railroad of each of the parties hereto shall receive dueallowance for the earnings from freight and passenger trafllc naturally belt ng-Jng to said railroads re«|iec ively; and it shall also be the duty of said expertsto give full force and effect to the spirit and intention of this agreement,which is hereby declared to be to operate the railroads of the parties hereto asone property, and In such a manner as to produiie and to assure the greatestfinancial benefits to them as a uuited interest.

5. That the accounts of gross receipts of all freight, passenger and othertrafllc of the railroads or the parties hereto shall be kept by the properofficers thereof, and all of said receipts shall be remitted to the joint treasurerof siiid companies at Boston, under such rules and regulations as the managersshall direct.

6. That each of these parties hereto, when It can consistently be done withoutespecial difficulty or Injury to itself, will be required to accommodate either ofthe other parties hereto with materials and supplies used in operating saidlines of railroads at the same rates charged to itself, by whom the same maybe furnished, and that the rate of transportation of such materials and sup-plies shall be 1 cent per ton per mile

1. That this agreement shall cjntinue operative and controlling upon theparties hereto for fifty years from date of its inception, which last-named dateshall be within thirty days from the making hereof

8. That this agreement is subject to the ratification of the United StatesCircuit Court for the District of Kansas, iu the suit of A. Muir ot al., vs. TheKansas Pacific Railway Company et al.

In witness whereof the parties hereto have caused the same to be executedby their executive officers this Ist day of June, 1878. the receivers signing thesame with their own proper hands :

The Union Pacific itailway Company, by Sidney Dillon, President.Kansas Pacific Railw ly Company, by Robert E. Carr, President.Colorado Central Railroad Company, by W. A. H Loveland, President ; per

J. P. Usher.C. S. Greeley, Receiver ; Henry Villard, Beceirer.Witness : D II. H. Clark.

Wabash.—A synopsis ot the balance-sheet of the WabashRailway Company, as kept by its treasurer, Mr. W. B. Corneau,according to his testimony given in the suit of Tysen against thecompany, is pubished in the American Exchange, as follows :

OPERATIONS OP THE EAILWiY TOB 1877.

Gross earnings for 1877 $4,585,914Dividends on Mississippi and Illinois telegraph stock '259

Sale of directors' car 6,000

$4,592,173...... .. $.3,200,919

12S,881-3..329,801

Less operating expenses and renewals....Less taxes and insurance

Deduct other expenses, as below:Construction and improvement $195,714

$l,S68,3n

Leased track C B. <Ss QLeased track T. P. & \v"

Rental Han. & Naples ...-

Rental Wabash equip., carsPurchase Wabash equip., carsPurchase Kdwardsviile Railroad.Expenses of organizationHan. & Naples account receivedCout^ns prior to 1S77St. Louis millers' contract

Deduct Seney mortgage:PrincipalSenev mortgage interest

31,8i312 50317,50027,50056,00011,983

139,1867,7533,14310,617— 513,846

$748,525

$20 H. 55535,77U-

Available for couponsCoupons payable in 1877

DeficitBut beside coupons payable in 1877. the balance-sheet shows pay-ment of other coupons In settlement

212,325

$506,199808,797

Actual deficit In income accountBalance-sheet shows further supplies on hand Jan. 1, 1877.

Balance-sheet shows further supplies on hand Dec. 31,'77.

$3J2,563191,421-

Maling total deficit for year 1877 of.

LIABILITIES.

Unpaid vouchers $-330,984

Unpaid pay rolls 153,428Unpaid hills payable 3,400Unpaid Edwardsville Railroad 1.436

Unpaid coupons of 18(7 115,003Due other companies and individuals 96,466Han. Bridge Company (unadjusted) 1,096

$701,820

DEDUCT ASSETS.

Due from Port Office Department $35,333Duo from U. S. Ex. Company 1,890

Due from other companies and individuals 149,126Due from uncollected earnings. 85.080

272,710

Excess of liabilities over assets $429,100

The assets of $^4.5,075, coupon fund, was, in fact, applied be-

fore December 31, 1877, in paying off Seney mortgage, interest

and account, and was not available on December 31, 1877, for anyother purpose. The assets of a bond settlement fund, |129,340,

is the paid obligation of the company, and not an asset.

Tbe only casli available on December 31, 1877, for payment of

debts appears to be :

In treasurer's hands $13,622In paymaster's hands 7,684-^$21,306

with which to pay |439,109 balance due on liabilities, if all the

assets arising from the road's operations were collected and ap-

plied, leaving a cash deficit of $407,803. The statement showsstill further a receiver's liability of 1107,958. The unconvertedassets of former receivers appear to be refuse bonds and stocks,

of small real value and no commercial value whatever for debtpayment. This liability being adiied makes a total deficit of cash,

or cash assets, to meet the actual liabilities oE the company onDecember 81, 1877, of |515,791.

The testimony showed that the unpaid pay-rolls, dues to com-panies and voucher account on December 31, 1877, amounted to

nearly $000,000. The entire operating expenses ot October,

November and December were stated to be :

October $291,928 1 December $225,778

November 242,5491

Total $760,256

The two statements, compared, show that in order to gather

together the funds to keep it from default on January 1, 1878, onits mortgages, the company paid practically nothing at all onthe actual operating expenses of the last quarter of the year, andlacked more than $400,000 at the close of the year to meet its

obligations, without taking into account the receiver's liability

of $107,968 in addition.

Western Union Telegraph.—Judge Van Brunt, of the NewYork Supreme Court, has given his decision in the suit brought

by Charles E. Benedict against the Western Union TelegraphCompany and the Atlantic & Pacific Telegraph Company to set

aside the pooling arrangement between the two companies. Thearrangement was claimed to be illegal, first, because proper

notice Jbad not been given of the meetingof stockholders at which

the arrangement was consummated ; second, because it wasbeyond the legal powers of the company, and, last, because such

an agreement was against public policy. Judge Van Brunt

d«^cideB in favor of the defendant upon all these points and dis-

misses tbe complaint.

JoNB 22, 18T8.] THE CHRONICLE. «27

*^hc €oxnmtxciid ^imcs*

COM M ERC!lAL EPrfO^KfRlDAT NiOHT. June 21, 1878.

The ailjournment of CongreHs without passing any meaaarematerially affectini; the public Bnancea or tlie basis ot values is

regarded with much saiisfaotion by the business community,coupled, as it is, with more seasonable weather for the growingcrops and for local trade. The next few months are felt to be at

lea-t secure to legitimate iuHuences. The only disturbing ele-

ment remaining is the Berlin Conference, rsgardini; which hopesare high, but confidence somewhat impaired by the reports re-

ceived by cable. Failures continue numerous, many parlies desir-

inpf to take advantage of the National Bankrupt Law before its

repeal takes effect.

There has been some revival of speculation in pork, with re-

cent sales of mess at $10 35@10 30 for August, and $10 85 for

September. Lard has also advanced from the same cause, primeWestern sellinir to day at |7 3.5, spot and July, $7 30@7 33t for

August, and $7 43^ for October. Bacon has been in better

demand and is higher, closing at o}@5|c. for Western long andshort clear, together. Cut meats also show some further ad-

vance, but are quieter. There has been an important advance in

awine at the West. Beef and beef hams are quiet. Butter hasbeen steadier, and cheese was in demand at 8i@8ic. for primeLondon color, but the close is quieter. Tallow is only moderatelyactive at 7c. for prime. Stearine has advanced to 7i@8c. for

prime Western and city. The following is a comparative sum-mary of agregate exports from Nov. 1 to June 15, inclusive:

IST'-IS. 1876-77. Increase. Decrease.Pork, Ihs 45,(63.000 4i,8?4,800 8,li8.400

Bacon Acut meats, lbs. 489,416,080 323.695,181 100,7Sa,3!.9

Lard.lbs S4J.597.:62 155,561,849 87,032,877

Totol.lbe 717,138.812 5a6,U4,«66 193,994,176"

Kentucky tobacco has been more active ; the sales of the weekamounted to 900 hhds., of which 700 for export and 200 for homeconsumption. Prices, however, are without important variations;

lugs quoted at 3J@4^c., and leaf 5i@14c. Spanish tobacco in

fair request, and sales are 450 bales Havana ai 80c.@$l 10, and154 bales Yara at 73c. Seed leaf has continued active, the sales

of the week being 3,591 cases, including 1,730 cases new cropOhio, at 7i®7ic.; other sales were • 175 cases, 1876 crop. NewEngland, ll|c. to 25c.; 450 cases, 1877 crop, Pennsylvania, 10c. to

17c.; 147 cases, 1876 crop, do., private terms and 7ic.; 45 cases,

1876 crop, State, 5c.; and 44 cases, 1877 crop, Wisconsin, private

terms.The business in coffees, whether Rio or otherwise, has been

very limited during the past week ; some irregularity in prices

has been noticeable, but the actual declines are not very marked.Rio, fair to prime cargoes quoted at 15i@16ic. ,

gold ; stock in

first hands, 89,945 bags; mild grades are quoted as of late ; sales

of 3,093 bags Maracaibo for consumption. Rice has sold steadily

and fairly at firm prices. Foreign molasses has been in better

request, with Cuba 50-te8t refining quoted slightly higher at 3.5@

35ic. Nsw Orleans continues in jobbing sale a». 25(347c. , the

latter for choice. Refined sugars have remained steady, wi' h a

Steady, moderate trade ; standard crushed quoted at 9|c. Rawgrades have been rather quiet, but late values have beenretained ; fair to good refining Cuba quoted at 74@7fc.

Bhda.Block Jane 1, 1878 51,139Becelpia eince June 1, 1878 44,6'23

Sales einr.e June 1, 1878 23,376Stock June 19, 1878 63,386Stock Juue2l, 1877 101,12y

Boxes. Baffa.12,032 116,0902,219 161.2952,165 132,519

12,036 144,86618,< 93 8J4.80.-i

Melado.9i8

1,1031,750

6'il

2,095

There has been little of importance transpiring in the navalstore market, yet late values have remained steady ; spirits tur-

pentine quoted at the close at 29i(^30c.; common to good strained

rosin at $1 50@|1 55. Petroleum has latterly shown more firm-

ness, owing to improved export demands ; crude, in bulk, quotedat 7c., and refined, in bbls , at Hie Steel rails must be written

quiet at the moment, though the rumored sale of 20,000 tons to theErie road is now fully confirmed, at an average price of |44, de-

livered in the immediate future at the track, i he pig Iron mar-ket is dull and depressed ; the supplies are full, and increasing lo

each an extent that it is proposed to extinguish one-third of thefurnaces now in blast. Ingot copper continues quiet but steady at

16|c. for Lake. Whiskey today sold at $1 07i, cash.

In ocean freights there has been some weakness and irregular-

ity in the rates for berti room ; but for charteied tonnage full

figures have t)een obtained, owing to the reduced offerings andmore limited arrivals. On the whole, business has been verygood. Late engagements and charters include : Qrain to Liver-

pool, Ly steam, 8d. per 00 lb. per bushel ; bacon, 30s. per Km;

cheese, 35(«$40s. per ton ; flour, 3s. 9d. per bbl. ; do. by sail, 2s.

3d.; grain to London, by steam, 9d., CO lbs. ; flour, 28. 6d.@2s. 9d.;

provisions, 35(a45s. per ton ;grain, by sail. 8ii., 60 lbs. ; flour,

Ss. 3d.(u:2s. 6d. ; wheat to Havre, by sail, 5j. 9d. per qr. ; do. to

Bremen, by sail, 8d.; provitions to Bristol, by sieam, 40@4)s. ;

flour, 3s. 3d.; cheese and butter to Qlasgow, by steam, 42s. 6d.

;

flour, 2s. 9d.@33. Grain to Cork for orders, 6s. 3d. per qr. ;do.to Brest or Dunkirk, Os. 8d.; do. to Marseilles, 6s. 8d. ; do. to

Rotterdam, 63. l^d.@68. 3d. ; do. to a Danish port, 7s. ; do. to

Havre, 63. ; do. to Belfast, 5s. lOJd. To-day, rates were steadier,

with business moderate;grain to Liverpool, by steam, 8id ; do.,

by Bail,7@7id.; flour to London, by sail, 2s. 6d.; grain to Havre,by steam, 7a. 5^d. per qr.; do. to Cork for orders, 68. 6d.; do to

Dublin. 5s. lO^d.; crude petroleum to Bremen, 3s. lO^d.; refineddo. to Bremen, 3s. 9d.; do. in cases to Corfa, 32c.; do. to Odessa,S3ic., gold.

O OTTO-N.Friday, P. M., Jane 31, 1873.

The Movement of the Crop, as indicated by our telegramsfrom the South to-night, is given below. For the week endingthis evening (Juno 21), the total roceipt.s liave reached 10,721bales, against 11,231 bales last week, 12,380 bales the previousweek, and 18,220 bales three weeks since, making the totalreceipts since the Ist of September, 1877, 4,230,438 bales, agiUnst3,932,137 bales for the same period of 1870-7, showing an increasesince Sept. 1, 1877, of 298,299 bales. The details of the receiptsfor this week (as per telegraph) and for the corresponding weeksof five previous years are as follows:

Receipts this w'k at 1878.

New Orleans...

Mobile

Charleston

Port Royal, <Scc.

SavaunaliGalveston

Iixftanola, (tc

Tennessee, &o..Florida

North CaroUua.

Norfolk

City Point, &c..

Total this week . .

.

Total since Sept. 1.

1,777iio7

24782

2,372

1,134

121,680

29673

.1,030

999

10,721

4,230,436

1877.

1,855609208110

l,77.'i

615

2,719

5851760

8,526

1876.

4,067575445301

1,257

818

1,330

151

1,428

121

10,493

3,932,137:4,047,550

1875.

.1,599

152448

1,044

1,638

583,439

11

2091,002

108

1874.

2,765

4651,213

1,505

55241

1,955

8379

3,261286

9,708 12,430

3,451,826:3,752,566

The exports for the week ending this evening reach a total of19,535 bales, of which 12,448 were to Great Britain, none to

France, and 7,137 to rest of the Continent, while the stocks asmade up this evening are now 195,724 bales. Below are thestocks and exports for the week, and also for the correspondingweek of last season:

Weekeudin»^

June 21.

EXPORTED TO—Great

Britain.

8,741

2,947

760

12,148

France.Conti-nent.

Totalthis

Week.

30 8,771

7,107

N. Orl'us

Mobile .

.

Cliarl't'u

Savau'h.

Galv'fu-

N. York.

Norfolk-

Other* ..

Tot. this

week..

Tot.slnee

Sept. 1. 2003.164 493,049 672,542 3258,755 2946,200

7,137

10,034

760

19,585

SameWeek1877.

18,546

3,306

3,603

2.151

27,606

1878.

38,914

5,092

7812,743

3,937

124,2132,044

18,000

195,724

1877.

75,61611,488

2,681

2,556

1,443

130,5615,941

33,000

263,291

* Ibe exports tbls week uDder tbe tieaa or 'ociier p jrts" mclade, rroiu Balti-more. 530 haleH 'o Liverpool; from .Boatoa, 124 bales to Liverpool; from Phlla-de.phia, lUO Dales to Liverpool.

In addition to above exports, our telegrams to-night also giveus the following amounts of cotton on snipboard, not cleared, at

the ports named. We add also similar figures for New York,which are prepared for our special use by Messrs. Carey, Yale &Lambert, 60 Beaver street

:

On Shipboard, not cleared^for

JDNE 21, AT— Liver-pool. Fraucc.

OtherForei>?n

Coast-wise. Total.

LeavingStock.

Now Orleans

Mobile10,000

2,748

None.

None.63

800None.

None.

None.None.

700None.None.

None.

4,861

900None.900

None.None.

12,400

2,748

900None.

»10,524

26,5002,344

SavannahGalveston

New York

1,843

3,937113,689

Total 12,811 800 5,561 1 1,800 26,572 148,313

* Included in this amount there are 5,600 bales at Presses for foreignport-s, the dcstiuatiou of which we cannot learn.

From the foregoing statement it w^U be seen that, comparedwith the corresiwnding week of last season, there is a decrease

in the exports this week of 8,021 bales, while the stocks to-night

are 67,507 bales less than they were at this time a year ago. Thefollowing is our usual table showing the movement of cotton at

all the ports from Sept. 1 to June 14, the latest mail dates:

Ports.

RECEIPTS SINCESEPT. 1.

1877. 1876.

EXPORTED SINCE SEPT. 1 TO—Great „ I other

Britain. France, yorelgm Total.Stock.

N.Orlns

Mobile.

Char'n*

Sav'h .

.

Galv.* .

N.YorkFlorida

N. Car.

Norfk*Other..

This yr. 4219,715

1361,

410456,

589,

441,

142,

14,

141,

502158

,887

204824532978503199,741

,564

,223

1171,918|

355,666

467,348470,696

498,759120,414

20,373

128,068

547,091

142,378

789,930 324,621 302,110 1416,661 47,011

103,635

131,935176.247

186,172

311,525

35,007156,687

189,578

26,146

70,355

36,35126,971

5,750

1,780

1,075

31,566103,584

138,748

11,291

36.334

19,8902,929

18,953

161,347

305,874

351,346224,434

5.695

1,182

2,6965,548

353,609 131,925

56.677 433160,691 3,272208,531 19,000

2080,716 493,049,665,405,3239,170 217,352

Laatyr. 3923.611 2052,777 443,919 421.898 2918.594 309,338• Unoer the head of Vharlaton Is Includcil Port Kojral. *c.: under the head ot

fialvtJiton Is included Indlanola, 4c.; uadcr the head of Sor/Olk Is tocloiM CltjPulQt, Ac.

628 THE CHRONJCLE. fVoL XXVI.

These mail returns do not correspond precisely with the total

of the telegraphic figures, because in preparing them it is always

necessary to incorporate every correction made at the ports.

The market for cotton on the spot has been much less active.

Scarcely anything was done for speculation or export, and the

business for home consumption much smaller than last week.

Quotations were on Tuesday reduced l-16c., to 11 7-16c. for mid-

dling uplands. To-day, there was more doing for home con-

sumption, and prices were unchanged. For future delivery, the

depression noted at the close of our last was continued from day

to day until the close of Tuesday, when the aggregate decline

from the close on Friday was from 9 to 12 points, the autumn

months showing the most depre.ssion, owing to the belief that

the new crop will be unusually early and marketed rapidly. OnWednesday there was some reaction, but only in the summer

months, and yesterday was in the early dealings nearly a repetition

of Wednesday, but the close was weak, and the next crop slightly

cheaper. The decline early in the week was due to a subsidence

of speculative confidence. On Monday the Bureau report was

made public, but seems to have been without influence here, though

the political intelligence from Berlin was regarded as rather dis-

quieting. The reaction on Wednesday was mainly caused by

reports of continued rains at the South, and speculative orders

based upon the apprehension of damage to the growing crop from

that cause. Parties having out contracts for delivery in the sum-

mer months were pretty free buyers to fill them, apprehending a

scarcity for delivery, the effect of which was felt most in ])rices

for June, which were last evening higher than on the previous

Friday, while July and August were slightly cheaper than then,

and the next crop 13@14 points (about Jc.) lower. To-day, under

a weak report from Liverpool, and continued favorable weatherat the South, there was a pretty uniform decline of 8@1 1 points.

The total sales for forward delivery for the week are aTjS.aOO

bales, including — free on board. For immediate delivery the

total sales foot up this week 5,377 bales, including 170 for

export, 5,089 for consumption and 118 for speculation. Ofthe above, — bales were to arrive. The following tables showthe official quotations and sales for each day of the past week:

For June.Bales. Cts

800 11-44400 11-45100 11-48200 8.11.22(1. 11-5020O8D.<4ihll-5O100 11-50lOOf.n.n hll 51100 a.a. '.8th 11-51100 11-51

SOO 1152600 1153100 11-55100 11-66500 11-57300 11-59100 11-60300 11-61600 11-62300 ll-(«

5,800

For Ju'y.700 11-48

1,500 11-492,300. ... 11-50100 11-51

1.200 11-52l.'-OO 11-535,300 11S44,800 11-551,600 use1,700 11-572.500 11-581,800. 11-591,500 11-60400 11-61500 11-62800. .. . 11-83

2,800 11-644,300 11-6)1,700 11-16200 11-07

37,500

For August.300 11-52

B.500 11539,600. .. ... 11-543,000 11-567,200.... ....... 11-56

Pales. ''t".

16.000 11-579.500 11-586,400 11-591,700 11-604.400 11,-61

2,300 11-628900 11-83fl,800. .... 11-846.800 11-652.200 11-664.300 11-877,400 11-683,800 n-69

104,700

For September.1.900 11-287,-.'00 11-245,700. 11-253,000 11-26

.500 11271,500 11- 81,400 11-29800 11-30

2.000 11-311.900 11-327.5(K) 11-33!5,400 11-343,500 11-363,900 11-363,700 11-3"

700 11-384,200 11401,800 11-413,200 11-421,400 11-431.300 11-44

62,600

For October.1,900 11-041,800 11-05

4(X) 11-08

700 11-07800 11-08

1,500 11-10500 11-11100 Ill'800 IVIS

2,000 11-141.300 11-151,000 11-16

Saturday, June 15,to Friday,Jimc 21.

Ordinary $ B).

Strict Ordinary . .

.

Good Ordiuai-y. ..

Strict Good Old. .

.

Low MiddliiiKStrict Lo-w MidMiddlingGood Middling?Strict Good Mid...Middling FairFair...

UPLANDS.Sat.

9=810lOiaWeIlls

115l6llli!lllSj12>412%la's

mon9%10101310781113111*16lll<i

1116,,121412%1312

ALABAMA. N. ORLE'NS

Sat.

95810lOialO'sIlls11B181113lllSj,121412%1313

mon86810IOI910^8111811°16III21115j6I2I412%I3I3

Sat.

9%lOia10=81111>4lfl811=8I2I1612%12781308

mon9%

lOislOBs1111 >4

IHlfl11»8121,612%12781308

TEXAS.

Sat. Tllon.

9%lOia10»811III4117,8U^S121,812%127813%

9%10%10%111114U'lO11%121,812%127813%

Palo. ct«.300 11-19

1,100 11-202,100 . ...11-21600. .. ll-?2500.... 11-23100. ... ....11-24700 . ..11-25

17,000

For November. I

100 ... . .. 10-01I.SOO ... .... 10 922,200.?.. 10-93300.... ....10-H4

1,000 .. .10 95300.... . .. 10-H7300.... 10 98300.... 1099800.... 11-00700. .. . .. li-Ol

1,100. . 11 02200..-. 11-03100.... .... 11-04400... .. ., 1108400.,.. 11-09

1,100. .. . u-io1300. .. ....11-11700... 11-12

12,700

For December100.... 10-90

1,800.... 10-91

1,800 ... 10-922,300... ) 0-1-3

100 ... 10-94400 ... 10-95100.... 10-98500.... 1099

4,000.... .... 11-001,200. .. 11-012,000. ,. 11-02600.,. 11-03400... 11-06210, . 11-06100... 11-07500 . 11-08

1,100... 11-092,700. . 11-103,500.. 11-11

23,300

! been made durii

1-02 pd to cxch. 10

For .laauary.Balef>. eta.

100. 10-

200 11-06400 . 1X07100 11-12500 1114100 11-lB

1,400

Ftr February.100 11-04100 IMS100 11-1420 11-16100 11-18100 11-21

700

For Ma'-cb.100 ..11-14200 11-24

200 11-27100 11-29IW) 11-31

700

For April.400 11-22100 11-23100 11-24500 11-25

200 11-30

1,200 11-32600 11-83300 11-84

100., 11-37

400 11-40

"3300'

For Mav.900 11-31

700 11-32

100 11:3200 1142500 11-49

500 11-50

200 11-51

-03 pd. 10 exch. 900 July for Ausus'.

The following will sho%v the closing prices bid for future

delivery, and the tone of the market at three o'clock P. M., onthe several dates named

:

JIIDDI.INO ITI.ANDS—AMKRIC-VX CLASSIFICATION.

Tnes WedOrdinary ^ lb.

Strict Ordinary .

.

Good OrdinaryStrict (Tood Old...iow MiddlingStrict Low MidMiddlingGood Middling.. .

Strict Good Mid...Middling FairFair

90. 9"^10] 91618

107,8 107,610i:!,8 101"

'1691*,«'

1H1611 "4

ii'ie11^8

12lt„137,6

III16III4ii'ia1178123,81211,,137,6

Tnes TTed

9S,6

915l6107,61013,6III18III4ll''l8

117a123,612" 16137

Tnea

981691^16

107^8101^16III16IIHIflB1178

12lt,6137

911l6lOho109j81010,6113,611%

13»,6

91116101,610»18

18113,,11%110,112125

Ordinai-y ^ lb.

Strict Ordinary...Good OrdinaryStrict Good Old...Low MiddlingStrict Low MidMiddling ;..

Good MiddlingStrict Good Mid. .

Middling FairFair

Th. ^ Frl. Til.

1891--

09,8 09,91*18 91.',6,

107,0 !107,6 107,610I3i6'1013i6 lOl:!,,

111,8 ilHie llliie1114 tllH I1114117,6 ^117,8 117,61178 1178 11178123,8 123,8 tl23,612llie 1211,611211,6137,6 1.37,6 1137,6

Frl.

99l69IS16

107,61

1013i8lUlSIII4ii'^ieifs128,6I2II16137

Th.

911i(IOI1810»j8lOlS,,

113,611%ll»1612I2B18121311139,6

TOed Tae* Wed9iii8i 91I16

101,6 |101i8109j6 109,610l4,6'lOl8,6

Frl. Sat. Mon.Market— Lower. Lower. Lower.

June 11-56 11-52 11-49July 11-62 11-57 1155August 11-67 11-63 11-61September 11-43 11-40 11-37October 11-24 11-20 1118November 11-10 11-08 11-07December 11-09 11-07 11-06January 11-15 1112 11-11February 11-21 11-17 11-18MareU 11-31 11-28 1127April 11-41 11-38 11-36May 11-52 11-48 11-46Transfer orders 1160 11-55 11-50

Closed— Quiet. DiUI. Quiet.Gold 10P% 10034 100%Exchange 4-82i2 4-8213 4-82i3

Tucs. Weil. TUiirs. Fri.

Lower. Higher. Irreg'r. Lower.

11-47 11-56 11-59 11-5011-5311-5711-3111-1311-0011-0011-0511-1211-2011-3011-1011-50Dull.100%4-82ia

11-6011-6311-3211-1411-0211-0111-0511-1311-2111-3011-4011-00

Strong.100%4-S3I4

11-61 11-5111-64 11-.53

11-31 11-2111-11 11-0210-99 10-8910-98 10-891103 10-9311-10 110111-20 11-1111-29 11-2011-38 11-2911-60 11-55Weak. Easy.100% 100%-4.8314 4-8314

11311%"119,81212r>i6

12lS,6l2l3,6139,6 |139,«

11311%"119l812126,61213,8139,6

Frl. Th. I Frl.

911,6 911,6'101,6 |101i8109,8 109,010"i,o'l016,6113,6 1113,611% 11%119,6 119,612 12125,6 125,61213,61213,8139,6 139,6

911,6101 16109,61016,6113,611%119l012125,81213,8139,6

The Visible Supply op Cotton, as made up by cable andtelegraph, is as follows. The Continental stocks are the figures

of last Saturday, but the totals for Great Britain and the afloat

for the Continent are this week's returns, and consequentlybrought down to Thursday evening; hence, to make the totals

the complete figures for to-night (June 311, we add the item of

exports from the United States, including in it the exports of

Friday only:1878. 1877. 1876. 1875.

Stoct at Liverpool 837,000 1,030,000 1,028.000 991,000

Stock at Loudon 12,500 45,750 51,000 107,300

STAINED.

Good Ordinary ^ lb.

Strict Good OrdinaryLow MiddlingMiddling

Sat.

91210IOI2llifl

inon Tae«

91210lOifi

Ills

9''l691=10

107i6ll'ie

\red

97,691^,6

1(17,6

lUlG

Th. Frl

O'le916,,

107i6lUls

91*16

107i8lUie

MAKKET AND BALB8.

Sat.MonTuesWedTliursFrl. .

Total

SPOT MARKETCLOSED.

EasierDull, easier .

.

Quiet, lower.QuietQuietSteady

SALES OF SPOT AND TRANSIT.

Ex-I

Con-port, sumxi

170

1,351892180693334

1,639

Bpec-ul't'n

3520

63

Tran-sit.

Total.

1,386912350693334

1,702

170 5.O,'(!)l llfti .1

Sales.

35,20030,90047,20065,40050,00044,.-)00

5,377 27:1,200

Deliv-eries.

1,600600

2,600300

1,6001,700

S.4 00

For forward delivery, t i^ sales (including iree on board)

have reached during-the week 273,200 bales (all middling or onthe basis of middling), aud the following ia a statement of tlie

Bales and prices:

Total Great Britain stock . 849.500 1,075,750 1,079,000 1,098,500

Stock at Havre 223,250 223,2.50 182,750 171.500

SI oek at Marseilles 6,500 10,000 8,000 8,250

Stock at Barcelona 50,000 52,000 90.250 83.250

7,000 17,000 15,000 16,500

Stock at Bremen 47,750 70,250 52.500 42,750

Stock at Amsterdam 62,500 58,500 63,000 39.500

Stock at Kotterd.aui 12,250 11,500 1.5.500 10,000

6,500 7,750 18,750 4,250

Stock at other couti'utal ports. 26,250 16,000 25,500 18,000

Total continental ports. . .

.

442,000 466,250 471,250 394.000

Total European stocks.. ..1,291,500 1,542,000 1,550,250 1,492,1500

India cotton atloat for Europe. 236,000 312,000 437,000 032.000

Amer'ii cotton afloat forEiu-'i,c 135,000 240,000 194,000 212,000

Egypt,BraziI,&c.,aflt forE'r'pc 13.000 24,000 26,000 43,000

Stock In United States ports .

.

195,724 263,291 305,141 216,763

Stock ill U. S. Interior ports.. . 15,307 26,254 40,438 20.206United States e.\ parts to-day.. 200 4,000 2,000 1,000

Total visible 8Upply-bale8.1,886,731 2,441,545 2,554,829 2,617,469

Of the above, the totals of American and other descriptions are .1«

follows

:

American—Liverpool stock 668,000CoiJtiiii-iit;il Hlocks 380,000Aimrii-aii alloat to Europe 135,000Uiiiliil StaU'K Klock 19.j,724United Mates interior stocks. . 15.307United States e.>:port8 to-day.

.

200

057,000 603,000 598,000382.000 337,000 192.000240,000 191,000 212.000263,291 305,141 216,70326.254 40,438 20.2064,000 2.000 1,000

Totiil American bales. 1,394,231 1,572,545 1,481,579 1.239.909

Jose 22, 1878.J THE CHRONICLE. 629

E«at hitUnn,Jiraeil,(te.— 1878. 1877. 187fi. 187.''..

Llvcrpocl stock 169,000 373,000 42.'5,000 SIW.OOOLondon Ntoc'k 12,500 4.^,750 51,000 107,.'J0O

Clint huntal.stock» 62,000 84.250 134,2.'50 202,000In.ll.i iitUuit for Etiroiio 230,000 342,000 437,000 032,000Eg.vpt, Briizil, &c., nAoat 13,000 24,000 26,000 43,000

Total Ea»t Iiiillii, io 492,500 869,000 1,073,250 1,377,500Total American 1,394,231 1,.572,545 1,481,579 1,239,969

Total visible supply 1,886,731 2,441,545 2,554,829 2,617,409

Price Mill. Upl.,I-lvcrpool.... G\ia. 63i6<l. OSiod. T'lad

These figures indicate a decreane in tlio cotton in sight to-night

of 554,814 bales as compared witli tlio same date of 1877, a

den-eme of G08,O98 bales as compared with the corresponding date

of 1876, and a decrease of 730,738 bales as compared with 1875.

At the Interior Ports the movement—that is the receipts

and shipments for the week, and stocks tonight, and for the

corresponding week of 1877—is set out in detail in the following

statement:

Angusts, 0»Colinnbus, GaMacon, OaMontfconiory, AlaSi-lnia, AlaMcnipliis, Tenn..!Na.<livme,Tcua..

Week ending Juno 21, '78. Week ending June 22, '7'

Receipts SUipm'ts Stock.

509196113383142924136

775292242552141

2,881284

Total, old ports. 2,403

Dallas, TexasJcflVrson, Tex. ..

Slircveport, \A .,

Vicksljurft, Miss

.

Columbus, Miss.

.

Eufaula, AlaGrlffln, QaAtlanta, GaBorne, GaCaiarlotte, N. C...St. Louis, MoCluclnnati.O

Total, now p'rta

Total, all

5,167

37 493 146

176 159272 21112 2529 6210 190

210 446399 433](K) 843,52 1,358B84 2,385

2,284 5,548

4,687 I 10.715

2,96^925

1,2891,713751

6.688973

15,307

6077117169123362115616340328

2,7442,929

7,980

23,287

Bccoipts

292101303766

51931

Shipm'ts

1,o;h3

5955476267

3,658240

1,076 6,202

62411826

1466125110

1,771

7106322874

546013540

7432,535

2,388 4,063

3,464 I 10,265

Stock.

3,5082,5641,2251,271673

14,4202,.-}93

26,254

1453704198151.5049076

,0394783,50876707

19,515

45,769

The above totals show that the old interior stocks havedecreased during the week 3,764 bales, and are to-night 10,947bales less than at the same period last year. The receipts at the

same towns have been 1 ,327 bales more than the same week last

year.

Receipt from the Plantations.—Referring to our remarksIn a previous issue for an explanation of this table, we now bringthe figures down one week later, closing to-night:

BECaiPTS FROM PLASTATIONS.

Week Receipt 8 at the Forts. Stock at Inter'r Ports Rec'pts from Planl'ne

enJlng- 1876. 1677. 1878. 1876. 1877. 1878. 187B. 1877. lt78.

April 5. 6:>,804 26,287 S9,SS6 132.495 1)0,619 119,991 43,39i 15,737 48,082

" 12. 4i,6;o 21.183 51,391 1.30,164 ia3,363 108,633 39,289 13,897 40.033

•• 19. 30,9!0 18.010 89,016 U7.296 128.411 95,9-9 58,062 18,058 26,862

' 26. 2fl,85S 26,641 88,3)8 120,826 117,074 89,142 23,338 15,304 32,019

May 3. 28,002 16,560 81,196 115,076 li.7,."i34 75,550 20,232 7,020 17.604

" 10. 26,4)1 17,309 24,35; 106.301 97,696 6J,770 17,666 7,471 14,4:2

" 17 18.993 16,288 20,797 99.966 86,376 66,433 13,660 4,969 10,760

" 44. 16 .330 12,147 19,732 92,916 79,009 46,305 9,230 4,7:0 9.6(14

" .31. 13,810 9,669 18,220 87,711 67,786 39,''2') 8,105 10,940

one 7. 10,4)6 9,390| 12,380 8!,569 57,503 3),1G4 5,314 7,5 9

" 14 8,44), 8,526 11,23! 76.054 52,154 29,315 1,929 3,171 6,392

" 21. 10.493| 8,W5 10,721 67.712 45,769 23,2 7 2,131 2,141 4,693

Total. 2W.173I 190,536] 337,67811 i2l2.884 87,M7l228.470

This statement shows us that although the receipts at the ports

the past week were 10,7il bales, the actual from plantations

were only 4,093 bales, the balance being drawn from stocks at

the interior ports. Last year the receipts from the plantations

for the same week were 2,141 bales, and for 1876 they were 2,151bales.

Weatrkr Repobts by Telegraph.—Better weather hasprevailed this week in much of the South, and yet very import-

ant sections continue to have too much rain. We do not believe

any considerable harm has yet been done; but especially in Texas,portions of Louisiana and Arkansas, dry weather is extremelydesirable. With ten days now of freedom from rain we couldprobably rejoice in having as promising a prospect for a goodyield as we ever had at this date.

Oaheston, Texas.—We have had showers on five days this

week, the rainfall reaching two inches and sixteen hundredths.We are having too much rain. No serious damage has beendone yet, but there is great danger from caterpillars unless thedaily showers cease. The thermometer has ranged from 74 to 98,averaging 84.

IiidianoUi, Texas.—It has rained on one day of the week, andthe balance has been generally cloudy and favorable to the propa-gation of insects, which are now greatly feared. Dry, hot weatheris wanted. Otherwise prospects are good. Average thermometer88, highest 9& and lowest 79. We have had a rainfall during theweek of forty-five hundredths of an Inch.

Corsicana, Texas.—There has been rain, showers, on two days,with a rainfall of one inch and sixty hundredths. The rain is notwanted, but reports of damage are much exaggerated. Crops are

a little grassy, but all will be well if we have dry weather soon.The thermometer has averaged 81, the extremes being 69 and 06.

Dallas, Texas.—We have had a shower on one day this week,with a rainfall of twenty-five hundredths of an inch. Avera^thermometer, 80 ; highest 96, and lowest 70. Good progress Ubeing made in clearing the fields of weeds, but they Btul needwork and dry weather. Wheat has been much injured here,having been carelessly stacked. If we have no rain for the pres-

ent, we may be able to get out of grass soon. Otherwise mnchdamage is feared. Streams are up.

Brenham, Texas.—Rain has fallen on one day this week, ashower. The prospect is as good as can be if it only keeps dryfor ten days. Wo hear rumors of the appearance of caterpillars,

but think them of very little importance. Average thermometer,87 ; highest 96, and lowest 83. We have had a rainfall of thirtyhundredths of an inch.

New Orleans, Lotiisiana.—Rain has fallen on two days, therainfall reaching eighty hundredths of an inch. The thermom-eter has averaged 83.

Shreeeport, Louisiana.—Great uneasiness is felt regarding thesafety of crops, caused by the long spell of rainy weather.Cotton is going too much to weed, but if favored with dnrweather, the grass could soon be subdued and the crop redeemed.The thermometer has ranged from 92 to 70, having averaged 81.

The rainfall has been two inches and twenty-three hundredths.Vicksburg, Mississippi.—The thermometer has ranged from 70

to 92 during the week, averaging 79. It has ra'ned on five days,the rainfall reaching three inches and eighty-four hundredths.

Columbus, Mississippi.—Rain has fallen during the week onfour days, the rainfall reaching four inches and eleven hun-dredths.

Little Rock. Arkansas.—We have had rain on Saturday, Sunday,Monday, Tuesday and Thursday of this week, the rainfall reach-ing two inches and forty-seven hundredths. The weather is

variable, having fair mornings with rain in evenings and nights.

Had quite a storm on Monday night in some parts of the country,accompanied by a fall of ice. It came in irregular lumps, anddid much damage in two localities. The thermometer has aver-

aged 76, with an extreme range of 67 and 86. Last week we hadrain on Sunday, Wednesday and Thursday, the remainder of theweek having been fair. Average thermometer 83, highest 71 andlowest 59. The rainfall was ninety-three hundredths of an inch.

Nashville, Tennessee.—It has rained during the week on twodays, the rainfall reaching one inch and thirty-four hundredths.The thermometer has averaged 73, having touched 80 and 66.

The fields are clear of weeds and the crop is developing prom-isingly.

Memphis, Tennessee.—We have had rain on three days this

week, the rainfall reaching two inches and sixty-two hundredths,and it rained last night. The grass is growing so fast it is becom-ing very troublesome; nevertheless the crop is developing prom-isingly. The thermometer has averaged 77, the highest pointtouched having been 88, and the lowest 66.

Mobile, Alabama.—There has been rain here on four days, buttfie rest of the week has been fair. The rain has extended overall sections, and very much damage has been done in the low-lands and some in uplands. Weeds are growing fast and becom-ing very troublesome. Average thermometer, 81 ; highest 95, andlowest 74. The rainfall has reached two inches and seventy-fourhundredths.Montgomery, Alabama.—It has been showery two days the

earlier part of the week, with a rainfall of forty-seven hun-dredths of an inch, but the latter part has been clear and pleas-

ant. The thermometer has ranged from 68 to 91, averaging 77.

Selma, Alabama.—It rained the first five days of the week, witha rainfall of one inch and twenty-five hundredths, but the last

two days have ' een clear and pleasant. The crop is developingpromisingly. Average thermometer, 77.

Madison, Florida.—We have had rain on five days this week,the rainfall reaching three inches and ten hundredths. The ther-

mometer has averaged 77, the highest being 85 and the lowest 69.

The weather has been warm, sultry and wet. Crops are lookingfine and prospects are better than last year.

Macon, Georgia.—Telegram not received.

Columhits, Georgia.—It has rained here on four days, and therest of the week has been cloudy. Much damage is feared. Theweeds are growing so fast that they are becoming very trouble-

some. The rainfall has reached two inches and twelve hun-dredths, and the thermometer has averaged 80.

Savannah, Georgia.—Rain has fallen on three days of the week,but the remaining four days have been pleasant. The thermom-eter has touched 66 and i>9, and averaged 76. The rainfall hasbeen seventy-nine hundredths of an inch.

Augusta, Georgia.—The weather during the week has beenpleasant. It has been showery two days, general and very bene-

ficial to the crops. Accounts are good. Average thermometer 76highest 89 and lowest 63. The rainfall has been seven hun-dredths of an inch.

Charleston, South Carolina.—'We have had light showers onthree days this week, the rainfall amounting to thirty-six hun-dredths of an inch. Tlio thermometer has averaged 76, the

highest point reached having been 87 and the lowest 67.

The following statement we have also received by telegraph,

showing the height of the rivers at the points named at 3 o'clock

June 20. Wo give last year's figures (June 21, 1877,) for com-parison:

New Qrleaas Below hlgU-water mark .

Memphis. Above low-water mark.Naslnille Above low-water mark .

.

Slircveport Above low-water mark .

.

Vicksburg Above low-water mark.

.

rune 20, '78. Jime21, '77.Feet. Inch.Feet. Inch.

4 G 4 422 3 26 43 2 9

25 • 7 21 435 6 40

630 THE CHEONICLE. [VOh XXVI.

New Orleans reported below high-water mark of 1871 until

Sept. 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 Hi feet above low-water mark at that point.

Comparative Port Receipts -vnd Daily CbopMotbment.—A comparison of the port movement by weeks is not accurate,

M 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 daily and monthly statement, that the reader may con-

stantly have before him the data for seeing the exact relative

movement for the years named. First we give the receipts at

each port each day of the week ending to-night.

PORT RECErPTS FROM SATURDAY, JDNE 15, '78, TO FRIDAY JUNE 21, '78.

D'yeof

we'k

Sat..

HonTuesWedThurFri.

.

Tot'l

NewOr-

leans.

366300518258171164

1,777

Mo- Char-bile, leston.

Savan-nali.

6242289630255

657

48146146951

247

Gal-vest'n.

36852168

556505354

2,372

Nor-folk.

257273213136,

124!

131|

200150198230147125

1,134 1,050

Wil-ming-ton.

AUotliers.

1441

9626272

296

116778178275137

1,704

3,188

Total

1,505

2,279

1,360

1,581

1,210

2,786

10,721

The movement each month since Sept. 1 has been as follows:

MontMyReceipts.

Bept'mb'r

October.

.

Novemb'rDecemb'rJanuary .

February.Marcb . .

.

April .. ..

May

Year Ecgianiug Beptembcr 1.

1877.

98,491

578,533822,493

900,119689,610472,054340,525197,965

96,314

Tot.My 31 4,196,104

Perc'tage of tot. port

receipts May 31

1876.

236,868675,260901,392787,769500,680449,686182,937100,194

68,939

3,903,725

96-67

1875.

169,077610,316740,116821,177637,067

479,801300,128

163,59392,600

4,013,875

95-77

1874.

134,376536,968

676,295759,030444,052383,324

251,433133,598

81,780

1873.

3,400,862

97-25

115,255

355,323576,103

811,668702,168

482,688332,703

173,986127,346

3,677,240

96-66

1872.

184,744444,003530,153

524,975569,430462,552

309,307218,879

173,693

3,417,736

93-60

This statement shows that up to June 1 the receipts at theports this year were 292,379 bales more than in 1876 and 182,229bales more than at the same time in 1875. By adding to theabove totals to June 1 the daily receipts since that time, we shallbe able to reach an exact comparison of the movement for tlie

different years.

Tot.My31Reo'pts—Junel

" 2....

" 3....

" 4....

" 5....

" 6....

" 7....

" 8-...

" 9....

" 10.." 11.." 12.." 13...." 14...." 15...." 16....

" 17....

".18...." 19...." 20....

" 21....

1877-78. 1876-77. 1875-76. 1874-75. 1873-74.' 1872-73.

4,190,104

2,269

S.

2,359

2,396

1,243

1,704

2,409

1,401

8.

2,686

1,86

1,920

1,170

2,192

1,505

S.

2.279

1,360

1,581

1,210

2,786

3,903,725 4,013,875 3,400,862 3,677,240 3,417,736

Total 4,230,436

Percentage of total

port receipts . .

.

1,351

1,2548.

2,821

2,309

1,812

1,247

1,531

1,186

8.

1,584

3,061

1,385

6401,121

1,1868.

1,075

1,837

1,375

607

3,931,107

97-35

1,962

2,084

1,578

8.

2,714

1,110

1,925

1,312

1,5:

1,209

8.

2,149

1,543724719

1,586

784S.

3,107

1,614

1,165

4,012,688

96-46

2,784

2,861

2,003

2,562

1,570

8.

3,028

2,241

3,107

2,921

2,946

1,463

8.

3,845

1,987

1,899

2,034

2,115

2,146

8.

2,676

3,090 S.

2,627 3,6092,614 4,3602,978 3,3102,674 3,0062,442 4,096S. 3,017

4,161 8.

1,352 2,614

2,201 3,176

1,491 2,5041,892 3,0201,642 2,370

8. 2,602

3,571 8.

1,684 4,301

2,351 3,793

1,701 2,240

2,643 2,009

2,704 2,014

8. 3,386

3,445,050 3,721,058

98-51 97-81

Acreage and Condition Report op the AgricultukalDepartment.—The June report of the Agricultural Departmentwas issued on Monday of this week. There was an evident

inaccuracy in the acreage figures as published, which we pre-

sume occurred after they left Mr. Dodge's hands, either throughthe telegraph or in copying, or in some other similar way. Notknowing whether the inibtake was in the total or in the per-

centages of the States, we wrote to the Department (or a correc-

tion, and have received the following reply:

Dbfartmsnt op Agriculture, *

Washington, D. C, June SO, :8"8.(

Messrs. W. B. Dana & Co.

Gentlemen ;—Yonre of 19th inst. received. The acreage as given by

each State is correct, according to our most reliable data.

Very reepectfoily,

Wm. G. Le Doc, Commissioner.

Accepting this correction a^ meaning that the State percent-

ages are right, we find the following as the result of the depart-

ment's report

:

3,473,163

95-12

This statement shows that the receipts since Sept. 1 up 1oto-night are now 299,329 bales more than they were to the sameday of the month in 1877, and 187,748 bales more than theywere to the same day of the month in 1876. We add to the lasttable the percentages of total port receipts which had beenreceived June 21 in each of the years named.

Our Acreage Report.—We shall publish next week our

acreage report, and shall eLdeavor to make it more complete

than for any previous year. Besides the usual features of these

reports, it will contain a detailed statement of the rainfall, the

thermometer (average, highest and lowest), acd other special

conditions of weather for the first six months of each of the last

five years, together with such results of those years as will help

the reader in interpreting correctly this season's conditions. Weshall also issue this report in circular form of eight pages, ancl

can furnish it to our friends by the quantity, with their cards

inserted, on reasonable terms.

State?.

North Carolina.

.

Sonth Carolina.

Georgia

Florida

AlabamaMississippi

Louisiana

Texas

Arkansas

Tennessee

ToUl 11,824,960

Actual

Acreage, '77.

577.820

898,760

620

500

350

760

,-50

,3J0

,000

,300

1,612,

220,

1,981,

1,995,

1,285,

1,444,

1,081,

725,

Ettimated Acreage for 1378.

Increase. Decrease. Acres, '78.

1 per ct.

3 per ct.

2 per ct.

unch'ged.

4 per ct.

unch'ged.

1 per ct.

6 per ct.

1-75 p. c.

unch'ged.

unch'ged.

2 per ct.

2 per ct.

582,99a

920,578

1,644,872

•220,500

2.060,604

1,995,760

1,-298,102

1,530,958

l,0b7,2'3a

710,696

12,032,276

By this it appears that the increase in acreage is 1'75 per cent,

instead of " fully three per cent," as the telegraph reported.

As to condition, the Bureau's figures are as follows. We give

previous years for comparison.

States.

North Carolina. .

.

Souih Carolina...

Georgia

Florida

AlabamaMississippi

Lonislana

TexasArkansas.

Tennessee

1878. 1877. 1876. 1875. 1874. 1878. \&72.

87 82 101 92 89 85 96

99 91 98 97 81 88 92

101 89 103 91 80 94 f6

96 92 82 94 90 102 95

101 90 94 101 82 93 103

98 91 62 100 78 93 100

98 88 89 95 70 94 104

104 91 90 96 90 86 100

98 94 95 90 90 93 98

97 94 93 95 85 90 101

90

92

82

103

63

84

90

93

83

90

If the reader will observe the statements for previous years, he

will find that the present averages represent a very favorable

condition of the crop. We add the concluding remarks of the

Commissioner :

Tlie general average of condition is 99. The stand is generallygood. In limited districts it is imperfect, in coneequence of theplanting of seed of impaired vitality. The season is earlier thanthe last by an average of ten days. In some districts the crop is

no further advanced tbari usual at this date. In a few localities

a difference of from three to four weeks is claimed in favor of thepresent crop. The comparatively low condition in North Caro-lina is due to wet weather and cool nights. In South Carolina

and Georgia planting was unusually early, with seasonable

weather until the first week in May, since which time there haabeen little rain, and drouth is generally reported. In several

districts in Georgia the best prospect for many years is claimed.

In Mississippi, Louisiana and Arkansas rains have been frequent,

and in some districts injuriously heavy. Very favorable weatherhas been enjoyed in Texas. Few insects are reported. The cut-

worm was a partial cause of defective stands at many points onthe Atlantic coast, and plants are beginning to be infested withlice in limited areas west of tbe Mississippi. The injury has-

been very slight. Fields are unusually clean in culture, andlabor is increasing in efficiency. William G. Le Due,June 17, 1878. Commissioner of Agriculture.

India Cotton.—There are three interesting points to be

noticed in the India cotton movement at this time.

1. According to our cable figures the weekly receipts at Bom-

bay have now turned again in favor of this year. The change

began with the report for June 1st, when the week's total was

this year 35,000 bales, against 34,000 bales in 1877 ; for the

present week the total is 31,000 bales, against 15,000 bales last

year. As the Dharwar and Coompta crops are mainly available-

after the monsoon, and are believed to be good both in quantity

and quality, may we not expect, especially in the light of the

past few weeks' receipts, that tbe Bombay movement the last

half of the year Will be considerably in excess of the same sis

monthB of la^tyear?

June 22, 18TO.J THE (CHRONICLE. 631

2. A very considerRhle a'ditlon is made this week to the

India afloat in our visible supply. Aa the shipments from

Bombay are only 16,000 bales during this week, it is evident

from the change in the total afloat that an increased movement

at the other India ports has begun. We all know that mors

cotton is expected this year from these other India sources than

last year. As that movement is to a great extent during the

last half of the year, it would seem to furnish another reason for

anticipating that the shipment from India during the next six

months will be in excess of the same six months of 1877.

3. The other fact which deserves attention is the decreased

amount Bombay spinners appear to be taking this season from

the Bombay stock. The total receipts at Bombay this year thus

far are 167,000 bales less than for the same time last year, and

yet the shipments to Europe are within 64,000 bales of what they

were up to the same date a year ago. As there is very little dif-

ference in the stocks remaining on hand in Bombay for the two

seasons, it would therefore appear that spinners have taken about

100,000 bales less than t' ey did last year. We do not know the

explanation of this. So far as it is the result of a decreased

consumption, the same falling oS will be observable the next

six months ; but if it has arisen in great part from stocking up

less during the early half of the year, of course a greater draft

will come on the supply during the balance of the year.

However this may be, do not these facts suggest the possibility

that the India supply for the next few months has been under-

estimated ?

BoMB.^Y Shipments.—According to our cable despatch received

to-day, there have been 12,000 bales shipped from Bombay to

•Great Britain the past week and 6,000 bales to the Continent;

while the receipts at Bombay during this week have been 31,000

bales. The movement since the Ist of January is as follows.

These are the figures of W. Nicol & Co., of Bombay, and are

brought down to Thursday, June 20:

Shipments thia week

Great Conti- „ . ,

Brit'u. nent. Total.

1878il2,000 4.00016,0001S77J 7,000 9,000 16,00018761 1,0001 19.000l20,000

8hipmcnt.s since Jan. 1.

Great Conti-Britain. nent.

292,000332,000490,000

356,000380.000303,000

Total.

Receipts.

ThisI

SinceWeek. Jan. 1.

648,000712,000793,000

31.000 792,00015.000 959,00020.000

1

954,000

From the foregoing it would appear that, compared with last

year, there has been an increase of bales in the week's ship-

ments from Bombay to Europe, and that the total movementsince January 1 shows a denreaM in shipments of 04,000 bales,

compared with the corresponding period of 1877.

Gunny Bags, Bagging, &c.—Bagging has become more active

since our last report, and there are sales reported of parcels to the

extent of 3,500 rolls at OJc. for If lbs., Ofc. for 2 lbs., and lOJc.

for lOJ lbs. The improvement still continues and there is a

firmer tone to the market, and, with the increasing demand, the

prospects are good for an advance before long. At the close

holders are finn, and quoting 9|@104c., as to quality. Butts havenot changed, and the market continues to rule steady in tone.

There have been sales to the extent of 1,200 bales, part from

-Store, at 2i@2|c. cash and time, and at the close the feeling is

firm, with holders quoting 2 ll-16c. cash and 2Jc. time.

The Expohts of Cotton from New York this week show aincrease, as compared with last week, the total reaching 10,054bales, against 3,194 bales last week. Below we give our usualtable showing the exports of cotton from New York, and theirdirection, for each of the last four weeks; also the total exportsand direction since Sept. 1, 1877; and In the last column the total

for the same period of the previous year:

Sxportsof Gotton(balea) from Neiv TorlcalDceSeot.la ISTf

XFOBTXI) TO

Iilverpoolother Uritieb Porta

Total to Gt. Britain

HavreOtberFrenchporW

Total Frencb

Bremen and HanoverHamborgOther porta

Total to N. Europe.

Bpalo.OportoJtQibraltarAcAllothcra

Total Spain, &c...

Grand Total

WUR BIVDXRtt

May29.

2,881

2,681

2.881

June5.

2,:8o&60

3,316

8i

14)

142

Jane12

2,sei

300

200

ICO

100

8.539 3.1M 10,054

June19.

2,9n

2,917

900

6,267

7,107

Totalto

date.

311.659a,«13

814,47J

5,6;,5

113

8,750

19.518l,9S816.539

41,043

2,393

2,393

3«3.693

Sameperiodprev'aiyear.

318,841

35,434

854,075

8,683

6,b88

14.049S.S78

6,171

53,098

2,890780

8,010

889,501

The following are the receipts of cotton at New York, Boston,Philadelphiaand Baltimore for the past week, and since Sept. 1 , '77

BSOi'Ta raoMnw TOBK.

1

BOCTOX. PHn^DBLT'U BALTOIOBB.

Thia Since ThlB 1 Since1Thia Since Thia Since

week. Sept. 1. i week. SepUl.;week. 8opt.l. week. Septl

New Orleana.. 8,315 189,6J1 18,804Tezaa 78^ ^9,m83

H1,8J68.310

89,1464,6«0

28,184Savannah l,4«i3 '488 1,C0» sa,suMobUe 8.346 • >.

Plortda 11 6,«7« 2.79i ....

8'th Carolina 4S6 107,656 814 • .0 It ii« 19,817erth Carolina. 261 81,185 •. 86 18.969Virginia 3C6 161.7 '8,; 281 5M88 • **. . •• 841 41,468North'rn Porta 8 18,908ii 1,(82 98,748Tenneeaee, Ac 47 142.6101 1 1,143 108,248 «M 41,689 .... 9,780Foreign 4,t70|| .... .... ....

Total this year 8,616

7,615

901,787

886,915

;3,076 388,389 754 83,519 1,522 143,180

Total laat year.!

7,948 3-W,208 805 59,607 484 117,950

Shipping News.—The exports of cotton from thfc UnitedStates the past week, as per latest maU returns, have reached26,061 bales. So far as the Southern ports are concerned, theseare the same exports reported by telegraph, and published inThb Chboniclb, last Friday. With regard to New York, weInclude the manifests of all vessels cleared up to Wednesdaynight of this week.

^^^^^ ^^^New York—To Liverpool, per atcamers Pascal, 889... Baltic, S9....

GermanlcSO Wyoming, 530 Norrox, 876 ...Bothnia, 481.. . 2,94TTo Bremen, per steamer Donau, 900 gooTo Keval, per str. Consolation, 3,140 ...per bark Marie, 3,067 5,307

New Orleans—To Liverpool, per steamers Cordova, 1,351 Orator,1,331 2,68!

To Havre, per ahip Expounder, 3,914 per bark Relne da Uonde,3,119 7,054

To Bremen, per bark Monark, 1,415 1,415To Vera Cruz, per steamer City of New York, 502 S0>

NORFJLK—To Liverpool, per bark Weeer. 2,003 8,003Baltimore—To Bremen, per steamer Berlin, fl5.. gigBostoN-To Liverpool, per steamers Illyrian, 679 ...Victoria, SgS....

Siberia, 32 ],586PHiLADELPmA—To Liverpool, per steamer City of Limerick, .300 800

Total 26,061

The particulars of these shipments, arranged in oar osnal form,are as follows

:

New Ycrk. ..

New Orleans.N..rfolkBaltimoreBostonPhiladelphia..

Liverpool.2.947

2,682. 2,003

'. 1>'36

300

Havre. Bremen.900

1,415

'515

Reval.6.207

Vera Cruz.

'502

Total.10,05411,6532,0a3515

1,536300

Total. 9,488 7,054 2,830 6,207 502 36,061

Below we give all news received to date of disasters to vesselscarrying cotton from United States ports, etc.:

Marie Fbederice. atr., (Nor., late Alraora), Dlesen, from New Orleana Jane7, with 3,t)01 ba'es cotton. 2,000 bbls. rosin and 8,400 staves, for Liver-poo!, puc into Key West on the 17th, leaking badly, having st:ack in theSouth West Pass.

Cotton freights the past week have been as follows:

Steamd.

Saturday, —(^'iMonday.. —aJiTuesdav. —©iWedMaJ. —(^XThur'dy.. —ai!<Friday... —aJi

• -Liverpool.

-

Sail.

d.15-64 comp.15-64 comp.15-64 comp.15-64 comp.15-8i comp.15-64 comp.

.—Havre.—, .—Bremen ,

Steam. Sail. Steara. Sail.c. c. c. c.

a cp. —aJi 11-16 coroo. '/i

U. cp. —@;i 11-16 comp. H% cp. —@Ji 1 1-I8 comp. aX cp. —<a% 11-16 comp. XJi cp. —®'i 11-16 comp. !434 cp. —f(J>i 11-16 comp. Ji

.—Hambsrg-,Steam. Sail,

c. c.

>i comp. —\ comp. —% comp. —X comp. —% comp. —X comp. —

Liverpool, June 21—4.00 P. M.—Br C.vble from Liver-pool.—Estimated sales of the day were 7,000 bales, of which 1,000bales were for export and speculation. Of to-day's sales 5,500bales were American. The weekly movement is given as follows:

Sales of the week bales.Forwarth.'dSivle.-i AinericaiiOf wliich exporters tookOf which speculators took.

.

Total stockOf which American

Total import of the weekOf which American

Actual exportAmount afloatOf which American

Maj- 31. June 7. June 14. June 21

76,0009,000

52,0006,000

13,000866,000068,00051,00047,0008,000

210,000129,000

92,0006,000

60,0009,000

17,000832,000645,00043,00033,0005,000

235,000130,000

40.0004,000

30,0003,0007,000

858,000678,00066,00061.0005,000

213,000190,000

43,0006,000

35,0004,0008,000

837,000668,00029,00023,0007,000

217,00086,000

The following table will show the daily closing prices of cotton for theweek:

Spot. Saturd'y. Monday. Tuesday. Wedu'sdy Thursd'y Friday.

Mid. Upl'dsMid. Oil'ns.

...a65,6

...®6Jfl...»63i8 ...®61Si8

...®6«a...«6>4...a)67ia

...®6'4--.®6'i8

...a6J4

...®07,g

Futures.

These sales are on the basis of Uplands, Low Middling clause, imlesaothcr\Tise stated.

Dellmry. d.June 6»i8®i'32Jun&Jiily 6II32July-Aug 63aAug.-Scpt.. .61»3.ja)7jg

Juno 6*33July-Aug 6^18Aug.-Sept esaS(n>t.-Oct 67|6June-July 6»3.j

Satubdat,Delivery. d.

Oct.-Nov 6i532ai'aJune b^iaJune-July 6Ji8July-Aug 6II32

MOSDAY,Delitei^y.

Oct.-Nov 6^8Nov.-Dco 6*18Jnly-Aug... ..— 6*jiAug.-S.'pt 6lS^

Sept. Oct eiSsi

Delivery. d.Ang.-Scpt .... 61 332®%Sept.-Oct 6IS3J

iihipmeni.Nov.-Dec.,n.cp.a'1.6tl3a

Shipntentt.Nov.-Dcc, n, orop,

sail 6Bi«Nov.-Dec.,n.crop,

sail 65*

632 THE CHRONICLE. [Vol. XXVI.

Futures:

Dchtery.Juno 6H.luno-July 6HJuly-Aug 6I4

Aug.-Sept 6»ie

Delivery.June 6732June-July 6732July-Aug 6732Aug.-Sept 6832Sept.-Oct 6II32

June-July 63xg

Delivery.June 6732June-July 6732July-Aug 6i4®732Ang.-Sept 6»33

Delivery.Juno 63iaJune-July 63i8July-Aug 63i8

Tdesday.Delivery.

Sept.-Oct 6%Oct -Nov.... 6616Nov.-Deo... 6»32Sept.-Oct 6"32

WEDNE8DAT.Delivery.

Aug.-Sept 6MSept.-Oct 65i8Oct.-Nov 6832June eîeJime-July.. .GîgSTgj

Thdbsdat.Delivery.

Sept.-Oct 6II32July-Aug 6Ôct.-Nov 6B16

Friday.Delivery.

Aug.-Sept 6MSept, Oct... 6il32®5,jOct.-Nov 6I4

Shipment.Nov.-Dec, n.orop,sail 6'4

Shipments.Nov.-Dec. , n. crop,

sail 6732Oct.-Nov., n. crop,saU 63ie

Nov.-Dec. , n. crop,sail 63i8®732

Shipment.Oct.-Nov., n. crop,

sail 6732

Shipjnents,Oct.-Nov. ,n.cp.8'1.63i8Nov.-Dec, n. crop,saU eîg

BOROPBAN Cotton Harsbts.—In reterence to these markeie,our correspondent in London, writing under the date of June8, 1878, states

:

Liverpool, June 7.—The following are ihe current prices of

American cotton compared with those of last year

:

,-same date 1817.-^-Grd.iMid^^Fr.&Q.Fr.-. —Q.*Fine—.Mid. Fair. Good.

Bea Islacd ..15 I6itf 1714 181i 20 54 18 20 2.1

Florida 110..lifi 14 15 16 IS)4 18 15 17 19

Ord. Q.O. L.M. Mid. G.M. Mld.P. Mid. G.M. M.F.Opland... .6?i 6 11- 16 6 6X 6S 7 6 8 V16 «'-<

Mobile. .. .5Ji B 11- 16 6 63<r «»ii 7 6 6 5-16 6'<Texas.... 5 7-16 64f 6 1-16 «H 6 U-16 7 6K 6?i (i'<

Orleans. .

.

.5 7-16 5 12- 16 6 3-16 6 7-16 67< 7X 6 3-16 6« TV

l!!ince the commencement of the year the transactions onspeculation and for export have been :

,—Actual ezp.rrom ActaaJIiiv., Hull Jb other exp'tfrom

1878.bales.

American 63,430Brazilian i,9i0

Buyptian, &c. 11,550W. India, &c. 1,100

B. India, &c. 9,440

,—Taken on spec, to this dat*-> ontports to date—,1877.bales.

95,f,60

13,820S2.1C0no

26,410

1876.bales,

81,280630

11,800400

19,690

1878.bales.

67,6331,011

10.35.3

3,^9345,079

1877.bales.

48,5642,4518.»S73,025

75,414

U.K. in

1877.

bale&.

116.450W.J3022.41013,3T0

27-i,9(i0

ToUl 87,440 158,030 116,850 123,080 138,822 487,420

The following statement shows the sales and imports of

cotton for the week and year, and also the stocks on hand onThursday evening last, compared with the corresponding periodof last year

:

BAUIS, KTO., or ALL DBSOBIPTIONS.

Trade.Aiueiican.. bales 51,3.30

Brazilian 3,650Egyptian 8,990Smyrna & Greek I , oqnWest, Indian.... l''^"East Indian 4,330

Sales this week. ,

Ex- Specula-port tion. Total.

2,790 10,010710

530 3,500

380

5,330

930

2,000

61,6604,31)0

11.083

3,510

11,6S0

Totalthisyear.

932,65051,300128,850

J 2M1 22,890131,3J0

Same Averageperiod weekly aalet-.

1877. 1878. 1877.

827.910 42,?20140.190 2,550122,6:0 6,903

15,530 i

''^^

210,9iO 4,020

38,7306,0606,J70

633

6,520

Total 71,080 9,C 56,310

Thisweek.

American bales 32,311Brazilian 2,i)73

Egyptian 971Smyrna and Greek 64West Indian 834East Indian 6,065

Total 42,793 1,844,019 2,006,236 831,933 1,109,160 387,550

BRE ADSTUFFS.Fbibat. p. M,, Jane 21, 1878.

The depression in our flour market, which prevailed last

week, and noted in our last report, was continued withoutrelief, until $4@$4 10 as a range of prices was accepted for

large lines of common extras for shipment to Great Britain.

From these figures there was slight recovery on Wednesday,with a sale at f4 20, but it wag not fully sustained on Thursday.There was a pressure to sell the low grades, owing to the d:inger

of their souring from the warmer weather. Straight brands andpatents were less depressed. Rye flour and corn meal werewithout esBeotial change. To-day, the market was steady, andthe medium grades fairly active.

There was some further decline in wheat, leading to moreactivity on the spot and for early arrival, including No. 3 springat»97@98o. ; No. 3 do. at H 05@1 06 ; No. 1 do., |1 08@1 10 ; No.

8 red winter, $1@1 03 ; No. 3 do., $1 10@1 11 ; No. 1 do., $1 12®1 13, and No. 1 to choice white, $1 32@1 36, with No. 3 springfor July delivery at |1 OSiOl 04, and No. 3 red winter for July

|l 10. There was, subsequently, some recovery, which

'

at

checked business. Weather reports from the West are rather

more favorable, but receipts hive become comparatively small

and stocks are not large ; besides, some speculation has been

stimulated by the reports from the Berlin Conference. To-day,

there was a firm but quiet market.

Indian corn declined early in the week to 41@4lic. for steamer

mixed, and 43i@44c. for No. 2 do., spot and June ; and for July,

No. 3 at 46e., and for August at 47Jo. , but there has since been some

recovery ; No. 3 going at 45@45Jc., spot and June, 46i@46}c. for

July, and 48@48ic. for August. Yellow corn sold at 46@48c. for

Western and Southern, and white at 53@56c. Receipts at the

West have materially decreased. To-day, the market was dull

and scarcely so firm, but prices were without quotable decline.

Rye has been active, prime Western selling at 65@f)5ic., and

State and Canada 67@57ic., on the spot and (or future delivery;

also, last evening, 40,000 bushels No. 2 Western, for the last half

of iugUBt, at 63c. To-day, there was a fair demand and a firm

market. Barley is quite nominal, and Canada peas are lower,

selling to-day at 75^0. in bulk.

Oats have been active and buoyant, prices improving from day

to day, until a material advance has been established. The business

has been larjjely for export, with some speculation. To-day, the

market was easier, No. 2 graded closing at 31c. for mixed and

33ic for white.

The following are cloeing quotations :

Flour.No. 2 ^ bbl. $2 23® 2 90Superflne State & West-ern 3 SO^ 3 85

Extra Stite, &c 4 10® 4 25

Western Surmg Wheatextras..." 4 03:^4 35

do XX and XXX 4 50^6 25

do winter X and XX. .

.

4 2i@ 6 25

do Minnesota patents.. 6 00 (S 8 00City shipping extras 4 15® 5 25(.ity trade and fami ybrands 5 50® 6 25

Southern bakers' and fa-

mily brands ... 5 CO® 6 50

Southern ehipp'e extras. 4 40® 4 85Ry-j flour, anperflno 3 13® 8 MCorn meal— We8tern,&c. 2 l.ia 2 51

Corn mjal—Br'wine, &c. 2 80a 2 8>

. Grain.Wheat-Iô.3spring,bueh $ 97® 1 00No. 2 spring 1 Oft® 1 08No. 1 spring 1 10® 1 12Red Winter 1 OJiJ 1 16White 1 16® 1 26

Corn—West'n mixed.. . 40® 45do steamsr grade. 42)^® 43

Southern yellow.Southern white

Rye— WesternState

Oafs—MixedWhite

Barley—Canada West....State, 2-rowedState, 4 rowedWestern feeding

Peas-Canada boad&rrce

46® 18

53® 5562® 65el* 67>f28® 3231® 3777® 87!i8® 65OS® 7540® ...

75® 90

The movement in breadstufiTs at this market has been as

follows

:

EXPORTS PROM NEW YORK. .

1878.— -^ . 1677. ,

For the Since For the Since

.-RECEIPTS AT NEW YORK.—, 1878. , Samefor the Since timeweek. Jan. 1. 1877. week. Jan. 1. week. Jan. 1

.

Flour, bbls. 64,586 1,373,031 1,227,711 53 923 1,177,976 26,799 531,830O.meal. " 2,833 .<)1,239 123,0S1 5,02! 93,2a9 'l,«3 111,678Wheat.bns. 716 40122,103,959 1,912,0!3 76ti,399 81,01-;,749 2(9,313 3,900,941Cum. " 1,(93,747 15,582,700 10,251.971 l,069,t.40 U,3r.';,459 394,907 9,7Tt,701

Rye, " 7I,«4 l,I01,ti55 38r,4i2 49,13j 1,9>3.B»1 16,971 555.740Barley, " *31,59I •2.3')0,719 •1,686,230 5,813 1,4:7,706 98,611 4i6,000Oats, " 360,893 4,9 8,143 4,0i2,4l4 193,036 936,410 2,150 7ii,337

• Inclndlng malt

RECEIPTS AT LAKE AND RIVER POHTS FOR THE WEEK ENDINGJUNE i-5, 1878, FUO.M DEC. 31 TO JUNE 15, AND FR31t

AUGUST 1 TO JUNE 15.

Flonr,bbls.

AT— (190 lbs.)

Chicago 21,818Milwaukee. .

To'ertoDetroit .

C.eveland*St. LouisPeoriaDuluth

TotalPrevious weekCorresp'Dg week,'77.Co/resp'ng week,'76.

Tot.Dec,31 to Junet5.Sametlme 1877Same tima 1876Same lime 18*5

Tot.Aug.l to.rnel5.Same time 1877Same time 1876Same time 1875

•31,601

9ii2

5.3162,203

15.2071.9J5

8,000

Wheat,bash.

(60 lbs.)

172.2812 10,03335,S61103,08112,803

K9,15S400

7,824

Corn,bu'h.

(56 lb'.)

1,034 52710.800

323,4386,010

30,001103,H3109,475

Oats,bush.

(32 lbs.)

197.3-022,03013,9;69,8)1

12.23072,5167

24,750

Barley,bush.

(48 lbs.)

I),5i3

7,545

2^960

4995,720

Rye,bush.

(£6 lbs.)

23,'i40

5,938

477

4,500

90,:) 20

53,642142,564

,2,663,7131,858,'I85

2,426,4382,283,874

5.433.10;

4,5n,C-!4.8:32,319

4,7i2,575

651,4976^0,672211,481

2,063,012

27.2i7,60i7,470,1)72

20,286,212

18,223,230

70,712,84936,S63,0.7

63.128,'43

65,862,401

l,t8?,433

2,315,664l,.3r«,051

2,87^,536

41,216.32232,139,4913.3.1:31, i4l

a0,2>3,9S5

7n,335,938

71,939,395.=.3,6)0,213

39,860,690

350,214479.2064:i5,183

921,311

11,316,W43,0.'9,0'7

10,.M2,060

9,6:0,746

2,3,7i8,HI19,074,S27a.5,-.'41,6'l2

20,723,776

30,26216,2193T,8,33

46,958

2,7tO,(i99

2,579,6002,8ffl.'.69

2,792,711

9,2I9,,"598. tie, 1507,.",2o,i67

5,411,911

40,59389,24216.21883,0:6

1,802,41885S,7777h5,816

682,730

3,7;9,2S52.7163261,<: 85,656l,t6"^519

* Estimated.

RECEIPTS OE FLOUR AND GRAIN AT SEABO.VRD PORTS FOR THEWEEK ENDED JUNE 15, 1878, AND PROM DEC. 31 TO JUNE 15.

Flour,At— bbls.

New York. 72,229

Boston 18,391

Portland... 2,500

Montreal 14,028

Philadelphia 11,736

Baltimore. 14,074

New Orleans 10,871

Wheat,bn^h.641,70052,6t01,210

300,219106,00096.0032,340

Corn,bush.

1,4«I,S02136,1 03

5,50082(1,143

613 2004i3,400155,221

Oats,bush.

36.',643

96,4851,2009,799

26,90018,00051,740

Birley,bush.80,10011,100

ll',934

Rye,bnsb.94,2631,600

1,000

Total 143,827 1,102,259 3.16.'i,866

Previonsweek 157,085 1,204,:«2 3,821.478

Corresp'ng week,'77. 96,952 291,023 1,021.S39

Tot.D6c.31 to J'ne 15 3,8.37,769 32.331,873 54,331,.572

Same time 1877 3,059,,-,97 3,947,910 38,0*7,541

Same time 1876 4,091,397 18,23 1..163 33,026,212

Same time li!76 4,12J,2Jt 14,697,108 24,333,811

666,709 53.634 96,868732.5-20 47,r03 93,393254,747 81,037 5,632

8,7.^6 837 2.366.787 2,171,5237.1.50.0 >l I 1.609.331 588,351

9,333 314 1,898,^24 629,838

7,516,318 331,331 117,«?9

JUME 22. 1878.J THE CHRONICLE 633

EXrOUTB FROU UNITED STATES SEABOAHD PORTS AND FROMMONTREAL FOR WEEK ENDED JUNE 15, 1878.

Flonr, Wheat, Corn, 0«t!, Rj'e, Pe«»,FuoM— bbi8. bush. bush. bash. bu»h. bash

New York Bl,S-.6 717,«iil 8.'<9,0I1 133 888 130,571 l«,18iBoston 8,4i6 »7,481 l5J,5t.8 10,«5»Portlatid 55 — .... .... ....

Montreal 10,093 121.587 155,:nj 19,550 .... 181,801Philadelphia 8,681 150.b7» 65S,t!5 .... 5,788Baltimore I,ni6 155,189 4t.7,901 480

To al for week.. 69 627 1,188,92) a,2a.'i,Sii3 2211,505 iaii,359 146 636Previous week 9S,14S l,(i8I,691 2,S74,<94 lfi2,|-4 90,364 201,474Twoweeksago 61,090 l,ii»4.488 2.201.173 Hl,973 68,2.5 62,852Three weeks ago.... 92,-«2 1,801.763 3,53^878 185,511 8S.4W 72,884

From Philadelphia—1,015 bash. bar:oy. From New York—5,482 ba;h. bar-ley. From New Orleans- S15 bbls. Hoar, 28,733 bush, wheat, 65,670 bush,corn.

The VisinLE Supply of Grain, comprising the stocks in

granary at tlie principal points of accumulation at lake andseaboard ports, and in transit by lake, canal and rail, June 15,

18T8, was as follows :

Wheat, Corn, Oati", Barley, Hye,In Stobb at— bush. bush. bath. bash. bush.

NcwYork 1,650,499 91(,9I7 707,041 200,490 12:,450Albany 800 SH.OOO 49,S00 40,500 4li,000

Buffalo 48,70 28',00l) e.'OJ 14.700 6,1:66

Chicatio 487.931 828.S8! 103.S95 238 044 S7,l!i3

Milwaukee.. 255,449 69,431 18,452 3)5,847 6,763Duluih *),493 .... ...

Toledo 1^6,000 874,010 lOI.OOJDetroit 88,S-.0 5,046 32,146 1,865Oswego* ... 70.000 82i,00J 12,000 21,000 51,0r0

St.Louis 11.1,927 £81.831 70.:i62 6,991 17,765Boston 77,0:6 86J,703 69,734 1,284 1,029Toronto 373,724 .... 20,509 57,2R3Montreal 807.203 228,880 34,710 29,637Philadelphia 219,t9J 692,444Peoria 1,042 85,.li 33,352 76 8,676Indi napolis 6,520 54,'91 435 .... 401Kansas Ulty.. 2!t,577 171,993 2,7 ;0 .... 460Baltimore. 109,627 907,702 ...

Rcil shipmonu, week 34»,t)28 83',4'>2 168,793 8,948 S1,Ik52

Lake stalpmentD, week 809,943 1,702,614 244,009 681 40,.582

On canal 1,181,000 1,165,000 308,100 18,0tj0 59,000

Total 6,254,490 8,707,025 2,003,693 1,'^4I,78« 41«,'J42

June 8, 1878 6,315,973 10,357,648 2,-;0S,a07 1,103.514 521,217June 1,1878 6.975,914 10.398,83 2,137,856 1,203,953 5-6,0 3May 25, 1873 7,5 7,.564 8.982,2)4 2,811, f49 1,580,042 507,728May 18, 1818 7,519,665 8.2;5,7I2 2,157,643 1,309,55:1 573.439Mayll.1878 8,li4\M? 9,008.502 1.087,164 1,394,488 600,45.3

May 4.1878 8,.394,883 9,.533,t<i2 2,063,30! 1,462,506 559,969April 27, 1878 7,9il,483 9,7o8,.866 l,(69,!t30 1,675,855 5t)9,»5i

June 16, 1877 4,0i4.5»l 10,775,026 2,411,833 635,i'73 638,709

* Estimated.

THE DRY GO IDS T iADE, 18:8.

but selections were mostly restricted to the best makes of heavydoeskins. Printed satinets were in fair request, bat biackc andmixtures remained quiet. Tliere has as yet been little inquiry

for flannels, except by the ahirt trade, and repellents were almost

neglected. Worsted dress goods were in light demand, and

shawls continued dull.

Foreign Goods.—The demand for foreign goods was almost

wholly conSned to such sma'l lots as were found necessary for

the renewal of assortments, and sales were light in the aggre*

gate. Values of the most staple fabrics were steadily main-

tained, but fancy dress gioda, and some descriptions of millinery

goods were offered at a considerable reduction from quotations

current a short time ago. Tha auction rooms presented no

important oGTeriags. and some of the leading auctioneers have

discontinued their sales for the season.

We annex prices of a few articles of domestic dry goods-

Bleacbed Sheetlne" and Sblrtlns*.

Width. Price.Amoskeag A. 36 8

do ..Z 33 &Hdo ..43 10do .. 46 11do . 6-4do .10-4

Audroscog'n L.36

do AA 36do ...8-4do ....9-4do ...10-4

Anbnrn A 86Allendale 6-4

.7-48-49-4

....10-4

....11-4

dodododododo

82

36

4545

Friday, P. M. Jane 21

Business has continued light during the past week with the

package houses, and the usual midsummer dulness pervaded the

jobbing trade. Tuere was a moderate movement in heavy wool-

ens from agents' hands, but the demand^was much less spirited

than expected, and staple and fancy cotton fabrics were taken in

strict accordance with actual requirements, as is usually the case

at this period of the season, when jobbers are on the eve of stock-

taking and closing up the business of the half-year. The Com-

m'ssioners of Indian Affairs have opened bids for Indian supplies

for the fiscal year, and some descriptions of dry goods, such &b

printed calico, &a., have been offered to them at remarkably low

prices. The suspension of Messrs. Rodger, Wardrobe & Co.,

Importers of dry goods, was announced in the trade, but the

amount of their liabilities has not been ascertained.

Domestic Cotton Goods.—The exports of domestics from

thL? port daring the week ending June 18 were 1,765 packages,

the principal quantities of which were shipped to the following

mirkets: Great Britain, 743 packages; U. S. of Colombia, 357;

Venezuela, 146; Hiyti,143; Argentine Republic, 121; British WestIndies 59; British North American Colonies, 55; Cuba, 41; Mexico,

31, &c. The market was fairly steady, and the best corporation

makes of brown cottons, ducks, ticks, denims and grain bags

were relatively firm. Bleached Cottons continue in excessive

supply, and prices are so unsatisfactory that a movement having

in view the curtailment of production is meeting with some

success. Print c'oths were very dull on the basis of 3 7-16c., less

1 per cent cash, tor 61x643, and 3c., less 1 per cent cash, for

66x60s. Prints remained quiet, and ginghams were only in

moderate request, while cotton dress goods were exceptionally

dull; bat there was a fair demand for light printed fabrics, such

as lawns, organdies and corded jaconets.

Domestic Woolen Goods.—There was an irregular and on

the whole anfatisfactory demand for woolen goods. Worsted

coatings and cheviots were taken in moderate lots to a fair aggre-

gate by the clothing trade, but fancy cassimeres continued slug-

gish, and price concessions were in some cases offered in order to

accelerate their movement. Bough-faced and fancy overcoatings

Trere moderately active in a few of the most popular makes, but

all-wool and cotton warp beavers dragged heavily, and cloths and

doeiAins ruled quiet. Kentucky jeana were a trifle more active,

dododod>do

Amazon

.

Ballardva'e... 36Bellows Palls 36Barker's .vt ills. 36BartlettsA... 36

do XX 36Ballon & Son.. 86

do .33

Bay Mills .... 38Blackst'neAA 86iSoott R.do G..

S3E..3..S...w..X .

Boston. 7-1

do 8-4do 9-4

Chestnut Hill. 36Crescent. 36Cabot 7-8do 4-4

do 9-8do 5-4

Canoe 27Chapman X.. 36Conway 86Davol 36do 5-1

do 10-4

Dwight I)... 40do Stars. 35do AA 36do Anchor 30do Star.. 42do do .. 45

Ellerton imp 9-4

do do 10-4Fruit of theLoom 36do .. S300 ..43do ..5-4

do ..6-4do 100s 36do camb'c ..

AmericanAmoskeag

do fancyBates Cheviot.,Belm'nt Chev'tClarendon doCreeflmoor doCherwell doCentury 33

Amoskeagdo AM.

BostonBeaver Cr.AA.

do BB.do CO.

Colnmb'n h'ybrodo XXX bra

91830an7

1517SOiZ

an809

ioji

7«9

'ox5X9

7>i5'^67

6X1%7X

1719)^

21X6

6>i79)i10V44

6/,

7>i10

1187

ll>i132427

8«8X

12i414

17IIXua

9-10IIXIIW814V.H

1W,15813X12lOH1516

Fearless... . 86Fitchville 36Forestdale ... 36Gem of the Spin-dle 36

Greenville ei. 83Green G 86Gold Medal.

doQ.-'t Falls Q.

do 8.do M.do A.

Gilded Age.HallowellQ

Width. Price. I Width. Price.

as

Hill's S. Idem .33

do 36do 42

Howe 36Hope 39Ind. Orch. ... 36

do DW. 36King Phillip . 36

do camb. 36Knight cambr 86Laconia 8-4

do 9-1do 10-4

Langdon, 76 . 33do do .. 36do 42do 46do GB.. 36

Lily of Valley 36Lliiwood 86Lyman camb.. 36Lonsdale 86do cambric 86

Masonville.. . 36Maxwell 36Methnen 27Merchants ... 80Nashua B... 86

do 8^do 9-4do .... 10-4

NewmarketXX.36do H. 3b

N. Y. Mills. . . 36do ...8-4do ...9-4do ..10-4

Pacific 86Peabody 36

do S3Peoperell 6-4

do 7-4do 8-4do 9-4do 10-4do 11-4

Pequot 5-4do 6-4do 7-4do . ...8-4do 9-1

Strlpca.Century 37Cordis awning

.

ColumbianEverett CheviotEverett heavy..HamilconLew'nAA.Chey.

do A ...

Massabesic

DenlmitCarltonEverettLcwistonOtis AXAdo BBdoCCPearl River.. ,

Palmer

6

6X6

8>f6>4

7K

io"

7K9Ji87X9«9X8X

12

8H14.K1630

11

13118

7XUH8liX9

"fiii

si"

26

7"IIXan25

37>^

13!^14152022>i351316

18X3:

8>ilOJi

13Xli;<

1630

nnlOH16

Peqnot. 10-4

do tI-1Pocasset Can' 36

do F. 86do PP. .30

Pride of Weit 36Red Bank.... 36

do .... 38Reynolds AA. 86Sufifolk L 86Seaside 36Standard. ... 85

do 33SlaterviUe.... 86

do .... 33Social L 36do W 30do Imiil.. 36

StarW 86TuscaroraXX 36Utlca 35do ex hvy..

Amoskeag 6}4Androscog'n sat. 9Canoe River iHClarendon iiiHallowell Imp. 8

do brown >•*.

Hamiltca

American 19 00Amoskeag 19 00Atlantic 19 00

Casco 33 60Lewiston SO 00Franklinville.. 20 00

lloutaop ..i.

Corset JTeana.Ind. Orch. Imp.. IH

do satKearsarze, sat... 9do brwn&bUt 9X

LaconU iHManchester. 8

BaK*>Granger 20 00

OnUrloA 33 00

35838>*

186

6H

dododododododo

5-46-48-49-410-4

heavy.. 100Nonp.. 86

Winona 36White Rock.. 36Waltham 4-1

do hf bl.4 4do ....8-4do ....9-4do . 10-4

W'msuttatwl 33do OXX. 36doAAex.fln 36docambrle. 36do dbl warp ..

do K .. 9-3do j; 5-4do SJ.. 5-4dododododo

do ..6-4do ..8-4do ..9-1

do .10-4

do .11-4do twilled.. 45do do ..81do do ..90do do .. 9

J

do LS 90WanreganlMs 38do water tw.36do No. 1 ... 36

WhitinsvUle.. 36do 33

Wessac'mc'n.B36do O 33do H 31do DW 36

Warren AA.. 36do B ... 36

WiUiamsvllle 36

6

6X11

ibjile18

22V435

82XIIH

nx111931

1154

14u%1616IC30373032X31H

II

io"876X

13lOX8lOX

OlisBBPark Mills Ch't.ThorndikeA....

do B....UncasvUle A...

do UCA.Whittenton AA

do B...do fancy XX

Thomdike A..Uncasv'e CCA.YorkWarren AXA..

do BB...do CC. ..

Gold Medal...Haymaker ....

Nanmkeag sat..Newmarket , .

.

Fepperell, biea..do sat...

,1^WX11>410

X-9X10-11

10

Rockport.Soflolk....

lOK123*16

18Xnn

do B.do CPowbattanA.,

do B..

4o 0..

37 50S3 5031 0035 no

WOO

PhilaA «4 oedo B S750do C 3J 60

StarkA 33 50

do O 8 bush 83 00do %)i buh tf

634 THE (CHRONICLE. [Vol. XXVL

ImportatloikB of Dry t«ooil».

The importations of dry goods at this port tor the week eodio^June 20, 1878, and for the corresponding weeks of 1877 and1876, have been as follows :

BNTKBBD rOB OONgDHFTIOH FOB THB WBBK MDINe JUKE QO, IB'8.

, 187ri , , 1877 , , 1878PkeB Valne. Pksm. Valne. PkuB Valne.

Hanafactnree of wool— ] 83 J73.?6« «8 #71,758 203 174,275do cotton . . 474 121,895 435 13^1,381 641 138,468

do silk 277 158,6(5 6-7 419,615 ei3 180,33!)

do flax 3% 70,S88 531 64,513 600 76,743

MlBcellaneoQS dry goods. 186 60,607 134 13,^09 140 34,515

Total..- 1,175 $478,355 1,953 J752,933 1,700 $504, !40

ITm>BAWH FROM WARBHOOeB AND THUUWN IHTO TBB MABKBT DUBINO THBBAHB PERIOD.

!58 $64,663 (<9 $44,899 157 •67,011

161 43,704 128 40.278 57 15,33841 40,49!) 53 38.368 50 34.4J-1

321 5',?6r 158 29,157 114 28,030145 21,480 1,421 21,0J4 9,915 41.157

ICanofactaree of wool . . .

.

ao cotton..do eUkdo flax

Hiscellalieoae dr; goods

.

Total 716

Add ent'd for consampt'n 1,175

}2J0,562 1,853

476,355 1,953fl73,7J4752,9,13

3,293 $185,9831,700 504,340

Total thrown nponm'k't. 2,191 $698,917 3,836 $926,657 4,993 $690,3i2

BNTCBED FOB WABXHOasINS DnBINS SAHB PBBIOD.

Hanafactaresot wool.... 248 $116.4:8do cotton.. 153 34,803

do Bilk 71 46,372

do flax 181 -39,310

MlscellaneoiiBdr; goods. iSi 15 736

Total... 1,116 $251,079

Md ent'd for conBnmpfii 1,475 478,355

1431324526118

6021.953

$54,97637,75334,16241,686

6,087

$173,695762,938

17411154

10324

$70,11140.641

31,25021.2256,169

466 $173,3961,700 504,310

36ToUl entered at the port. 3,591 $729,434 3,555 $9J6,6S8 2,16'j $6:

ImportB of LeadInK Artlclea.

The following table, compiled from Custom House returns,

•hows the foreign imports of leadintr articles at this port since

January 1, 1878 and for the same period in 1877:

[The quantity Is given In pucsages when not otherwise specified.]

Since SameJan. 1,'76 time 1877

China, Glass andBarthenware—

UhlnaEarthenware. .

QlasBQlaeswareGlass plat^

BattensOoal, tonsOocoa bagsOoffee, bagsOotton, balesDrags, Ac-Bark, PernTiac.Blea. powders...CochinealCream Tartar...GamblerQnm, Arabic...IndigoUadder & Ext.ofOil, OliveOpiam ....

Soda, bi-carb....Soda, salSoda ash

FlaxFarsBanny clothHairHemp, balesHides, Ac-BristlesHides, dressed..

India rubberIvoryJewelry, Ac-JewelryWatches

LinseedMolasses

5,-»8

17,752

lC0,5',e

9.491

2,797

4,34034,45710,7J->

759,5942,214

16,915

13,9121,019

5.9761,677

3,9131,607

31,299423

;3,".c

25.64332,1751.8012,79.'

tSb?,f'61

108,041

7802,141

2i.2i6743

1,145266

168,3ti8

37,053

6.54317,075

188.2738,eis

4,086

3,0S117.42211,848

1,002,77S

:,4J9

4,13611,413

1,019

22',7i8

2,031

3,6302,H7

18,625476

10.78932,6S»25,451

2,1472,679

8,7831,310

80,659

6822,916

S9,6GK456

:,357

205

189.338

53,960

Since SameJan.1,'78 time 1877

HetalB, Ac—CutleryHardwaieLead, pigsSpelter, TbBSteelTin, boxesTin slabs, lbs...

Paper StockSugar, hhds, tcs. &bbls

Sugar, bxs A bags.TeaTobaccoWasteWines, Ac—ChampagDe,bkt^.Wines

Wool, balesArticles reported byvalue^

CigarsCorksFancy goodsFishFrultB, Ac-LemonsOrangesNutsHaisins

Hides, undressed

.

HlceSpiceSj Ac.

—

CassiaGingerPepper

Saltpetreôods

—

CorkFusticLogwoodMahogany

1,931

2834,380

631,831

2(1,13:

462,7335,785,601

64,90j

364,8781,030,421432,17838,046

266

40,48765,912

14,818

$687,89823.609

319,191162,293

516,773l,a28,.31

359,996314,973

5,181,571

89,983

100,03830,436

193,995

92,229

230.39319.S.32

378,32836,404

1,665399

60,537432,27723,609

451 8534,443,217

83,699

301,181

1,513,211443,4-5

28,470411

39.42657,33118,417

t561,972

29,261S13,8«152,608

306,970991,430431,733t61,.'j78

6,06«,228

140,343

49,213

61,212Its. .579

278,838

207,89117,379

218,84621,376

Receipts or Uomeatlc Produce.The receipts of domestic produce since January 1, 1878, and

for the same period of 1877, have been as follows:

Since Same Since SameJan. 1,'78 time 1877 Jan. 1,'78 time 1877

Ashes pkgs. 2,212 3,868 Pitch ..bbls. 829 2,053BreadstuSs— Oil cake....

..hh?^:

S3ri,609 140,945Flour bbls. 1,S:8.031 1,527,741 0:1, lard... 7,26? 8,813Wheat bush. 22,103,(159 1.942,031 Peanuts ..bags. 38,726 63,393Com " 16,532,700 10,254.974 Provisions

—

Oats ... . . " 4,918,748 4,032,414 Butter.... • pkgs. 468,812 498,531Rye " 1,701,056 627.493 Cheese. .

.

742,25) 481,933Barley* malt" 2,360,719 ],6b6,C80 Cutmeats ,, *• 639,450 443,515Grass seed...bags 119,260 74,021 Eggs . ** 237.910 S93,764Beans bbls. 87,916 48,296 Pork ....

" 154,925 95,?95Peas bueh. 435,309 l57,roo Beef "

80.642 32,432Corn meal. .bbls. 91,289 120,079 Lard " 434,643 195,817

Cotton bales. 455,617 836,979 Lard .kegs. 19,162 21,261Hemp " 2.087 2,.-.91 Rice pkgs. 1.3,685 19,,378

Hides No. 91,628 107,66J Starch 197.266 li 8,684Hides bales. 69,201 72,040 •Stetirine....

•'11,539 9.973

Hops bales. 45,601 31,087 Sunar ..bbls. 474 608Leather sides. l,9jl,426 1,931,66' Sugar .hhds. 11,253 11,953Molafses hhde. 18 361 Tallow .pkfs. 41.302 33.826Molasses bbls. 108,318 C7,052 , Tobacco. .. 70,.374 92,247Naval Stores

—

hTf)bncco.... .bhde .'.3,355 .30,4(8Crude turp..bbls. 1,7.3B 1.2S8,; Whiskey .. .bbls. 92,51)8 81,574Spirits lurp '* 29,iJol 29,632 Wool bales. 31,607 26.143EcBln " 169,000 1 40,681 Dressed hogs . . No. 19,807 59,048•"T ... " 11.722 13.f«.^

Kxportft '>!* Leading A^rticles I'rotu Neiv York*The tollowing table, compiled trom Custom House returnr,

shows the exports of leading articles from the portof New Yorkto all the principal foreign countries since Jan. 1, 1878, thetotals for the last week, and also the totals since Jao. 1,1878and 1877. The last two lines show total values^ including thevalue of all other articles besides those mentioned in the table.

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Si5^

0D»-

(a«ooDH S g S o S c5Mr<r-=Pa!J gn««"'^;H?c«ooooS5(5 eo

:«•? is

-a

o a

»o o

June 33, 1878.J THE CHRONICLEUENKKAL

PRlCiiS OLJRjtCENTASHRft-Fot, Crat icit.. V ft

BKKAUSTO PFS—Scmtpeclkl report.

BUILUINO MATEIilALS—îcAm—Common liArd, afloat. .V H 2 roCroton ; uoPblladolpbls 23 OU

C'«m<!n<— ItiseuuHie 1^ bbl. yuZi('n«—State, common V bbl. 75

tta'e, llDls>ilDit toi,«m6«r-pine.K'(lto ex.dry » M U. 40 UOPiDe.shl.->pl.iK box IS 30do tally boardi.com.to cn.Aach, 25Oak V M.lt. SI OOAib.good . 33 00Black valDUt 73 004pruce boards A planks, each 23Hemlock boards, eacb 15Maple fiM.n. aooo

*j<rt—:oawd.cfm.fen.* >h.*i keg ...

Clinch, IH to 3 ln.« longer 4 25SdflnsCat6plke9,allBlzeB

Fafnfs—Ld., wb.Aiii.pjre. Inoll V bLead.VQ. , Amer.,uure dryZinc, wh.,Amer. dry. No. I

f Inc.wh.. Amer.,No.l,ln oilParln white. Kiî., gold... » 100 ».

BOTTKll—(Wholesale Prices)—Tub,.i.eoot* Co choice State(uew) VIb,Weal'n creamery n'd to cli. " ••

Wp|ah,8tate,g'd to choice "Wtrmurn da.ry.faIrtopr. " •'

Stale factory,prime to choice... .V lb

Western factory.g'a to cho:ce.. "

COAL-LlTerpoolgae canneliilverpoolhonscnannelANTUBACiTK—The following will show prices at

last auction or present tchedule rates:

4.V» IX

• 5 21

a » uu

a 27 00a ....

• •..

• ....

• 37 00

a 21 00a :s

a 40 00• 3« 00aid 00a 27

a 17

a 35 OU«aa

7X85 a6 a

I 70

2 405 234 352 81

<

9

I 75

19

19

17

12

7 a

12 ooa '3 00

PoDn. U.L*W.Sched. Auction.New- May 29.

bnrir.* Hoboken.8t'mb..(3 15 t» iii\erate... 3 15 3 43

Bgg .... 3 W 3 55 ®3 6UStove... 3 95 i 75Ch'nat.. 3 40 3 25

" 50 cents per tonTork.CUVFBK—

ttlo, ord. car. 60 and 9C days .gld.v t,

D.4H. P.a B. L. * W.Sched. Sched.N. y. Port

Harbor. John-t'n.t3 60 .... t3 103 60 .... S CJS7S .... 3 734 10 .... 4 103 50 .... 3 50

dltlonal for dellyery at New

do fairdo good,do prime,Java, matsNative UeylonMexicanJamaicaMaracalboLagnayra

dododo

gold.gold.gold.gold.gold.

^ gold.gold.gold.gold

13 315 a13X«16 a20 a15 e19 aisx*13 a

St. Uomingo gold.Bavanllia , gold.CoetaRlca gold. '

COPPBK-Bolt V B.Sbeatbini;, nev (overU ob;tfrazlers' Coyer 16 oz.)American Ingot. LakeCOTTON—dee special report.DRUGS ft OIBS-Alam, Inmp. Am V 100 lb cnrAloes, Cape V n. gold.Aloea. tarbido 8

••

Araenlc,powdered ••

Ul carb. soda, Newcastle.V lOU Si

Blchro. potash Vtt cur.Bleaching powder if ICO lb.

»

....a

... u

....ale-â

2 21 a•OH92u aix»

3><

15X15XI6«23;8

'•>H16

1716

lax17

17

282<29

1«X

132S

2X

.31 15

26J<88 a5Ka

4 CO a

iix- - 1 20

Brimstone, 2n Is & Srds.per ton.gold.24 uu 1% 26 00Brimstone, Am. roll 9ift..cur. UXi ....Camphor refined 21 e «iuCutoroll.E.I.lnbond. VKaL.gold. SO aClastic soda f> 100 lb 3 6U a 3 !5Cnlorate potash " " 18 GO a is 50Cochineal, HondurdB,8ilyer... ** 55 a 56Cochineal , Mexican '* 43 aCream tartar, powdered cor. ~

Cabobs, East India "

Catch gold.Gimbler per 100 lbs. ••

Qiaseng cnr.Qlycerlne, American pure " 17 aJalap • 21 aLicorice paste, Calabria ** 26 aLicorice paste, Sicily " 29 aLlcorlcepaste, Spanish, solid., .gold 26 aMidder, Dutch •' "xaMadder.French, E.X.F.F " 5 aNntgalls, bine Aleppo cnr, 22 aor. Tltriol(86 Brimstone) •' IXaOplnm, Turkey (In bond), gold. 3 3:xaPrnsBlate potash, yellow. Am. .cur. 22 aQilcksllver gold. 47X9Quinine cnr. 3 '0 aKhabarb, Uhlna,goo:l to pr.... " 50 aBalsoda, Newcastle.. f)1UO n, gold 1 12^3Shell Lac, 2d & Ist English, fill .cur. 13 aSodaash VloOB.gold 190 •Sugar of lead, white, prime,Vlbcnr aVitriol, blue.common " 7 •

KlSl-Or'd Ilk.* Oeorge's (new) cod.V qtl. 2 73 ft

27X•4

«X4 101 15

18

23237WSX

pr.bbl. 14 IX). Mackerel, No. 1,M. shore.Mackerel, No. I, Bay.. .

Mackerel, No. 2 Mass. shore^lackerel. No.2, Uay

K.UIIT—I'.alslss,Seedless pertOlb.fralldo LayeiB. newdo Loose(?o Valeutia, new

Corrants, newCitronPrunes, Turkish (new)

do FrenchJiatoaKlgs, layerCiiutoaClnger.wh.&hf.pots.V case.t-.ir^lne3, ^ half box. f.

Sardines. V quarter boxMa'âronl, Italian VI lb

DomfJilic Dried—Apple', Suuthern, Bllcci V lb

do do quartersdi State, sliceddo do quarters,

Peaches, pared, Ua., go:)d to choicedo nnpare:!. halves and qr«. .

.

BlackberriesKaspberrlesr.Uerrlen. dry mixedPiams, StateWkorUeberrlcs

43

1 so"1 2025

1 ilH19

. t 53« 22 00

(i 20 00900 a 11 0012 60 a 15 00

SS5 /» 3 40....» 1 6S

1 to a 2 097W* 'V4y« •14 19

cva 913 a 174 a 4i«10 a 13

( so a 80013 xa 19I'Ma 1214

uxa 14

< a 62 ® 44 a 63 a 4X4 a 98 a 49xa 10

25 a 2619 • 21

11 • 18

10 • 12

OUNNIKS.—See rjport under Cotton.HAT-North lilytr sMnp'nr V 100 B 45 • 19

HUMP AND JUIK-Amerlcan dressed Vton. 17C 90 9193 00AmerlcaL undressed aKussia, clean gold.2C0')O a!t»ll«,u • 270 M ft275'6o"•>," »» •' 6\a 7Slaal " iS» 5X•»«« •• 4X* 5X

HIOEB-i>rB— Buenos Ayres.selected.tilbgold 19 a I9XMontevideo, do.... " IBXd 19XCorrlentes, do.... *' 18ua iswRio Grande, do.... ••

18 9 '..

Orinoco, do.... *'18 9

California. do,... ' 18 a 18xMatamoras. do ..

'* 16Xa IIXir<(/?a<(ed-Uoen. Ay, selected •' 9 « 9VPara, do.... "

8 9California, do.... " 9 aTexas, do.... cnr. Sxa 10

A. /. «Mct—Cal. klps.slanght. gold 13 a IICalcutta kips, deadgreen.. *' 10 aCalcutta. bnffalo 8 a 8X

HOPS-New Yorks. com. to med..,, 6 @ 8

do goodtoprlme 9 a 11KaAtern 5 ® 3Wisconsin 5 ® 8Old 1 ® . ..Vearlings 'i ut 3

INDIA RUBBER-Para.flne a 50Para, coarse 31 ® HtÊsmeralda, prebscl, strip 87 @ 40Guaydqiiil. pessed, strip @ 35Panama8tr;p ... @ 34CarthaKena, Dressed.... ...e 33Nicaragua, nheet 37X® ....Nicaragua, scrap 35 ^ ....Honduras, sheet 34 a 35Mexican, sheet @ ....

IROft--Plg,American, No. 1 » ton. 16 50 a 18 00Pig, American, I.o. 2 15 50 « !7 (ij

Pig, American, Korge 14 50 a 16 00Pig. Scolcn 22 75 a 21 00

MorePt'tces,Bar, Swedes,ordinary slies.,1> ton. 130 00 ai32 SOScroll » lb. 2 5-lC@ 5Hoop, Xx.No.22tol&lXxl34!4 • 5 ® 2 ?-10Sheet, Kuasia gold.Kllb U'Ka IISheet. single, doubled treble, com. 3X9 4Rails, American ;i ton, car. 32 00 a 36 noSteel rallp, American 43 00 a )4 00

LKAD-Ordlnaryforelen * 100 lbs, gold 6 37X9 6 40Domestic, ocnimon cur. 3 20 aBar (discount, 10 p, c), V lb &, 4hSheet • '' a 6

LEATHER—Hemlock. Bnen,A'rei,h.,m.&I.VIb. 19 a ;;

• '• Calirornia, h., ai.& 1 19 e joxcommon lilde,h.,m.dBl.... 19 a 21" rough 2J a 25

Slaughtercrop 25 a 27Oak, rough 26 a SOTexas, crop 25 a 26

MOLASSES—Cuba, clayed V gal (^Cuba, Mu8.,refln.gr'ds,50lest. " ....a 35

do do grocery graiios. " 9Barbadoes .... " Nomliial.Demerara " Nominal.Porto Rico " 32 a .liO

N. (>., com. to prime, ,.{. ... " «& a 45

NAVAL, STORKS—Tar, Washington V bbl. 1 90 » 2 12xTar, Wilmington • 190 K 2 l.uPitch, citf " 2 00 3 2 i2HSpirits turpentine V gal. .,.e 29XRosId, strained to good strd.V bol. 1 50 ^ 135" low No. 1 to good Ko. I " 1 73 a" low No. 2 to good I'O 2 " 1 60 a" low pale to extra p ilc . " 2 50 9" wiudowglass •' 3 75 a 1 00

NUTS-Almonds, Jordan shelled V) lb, 30 ® 35Brazil 4\@ 5Flliierts, Sicily VX* 9XWalnuts, Naples 12 ®Pecan 4),a 12

OAKUM—Navy,U.3. Navy* best* lb . 8X9 lOXOILS—Cotton seed, crude V gal. 35 a 3jOUye, in casks* gall r,

i lo a 1 15Linseed, cuRks and bbiB ** 57 a 58Menhaden, crude Sound '• BOXa 31Neatsloot, No. 1 toextra " 60 a 90Whale, bleached winter ** 5S a 57Whale, crude Northern " )5 a 47Sperm, crude " 9J a 91

Sperm, bleached winter " 1 07 a 1 10

Lard oil, Nos, 1 and 2 " 45 a S2XOil. CAKE—City, thin oblong, bags, gold, V ton. .. a 31 00Western, thin oblong (Dom.)Cttr " 2] 00 a 30 00

PETKOLEUM-Grude.inbulk V gal. ... a 7Cases '^ lixa 15XRefined " IIX*Naph'ha.Clty, bbla " 6 a 6X

PKOVISIOHS-Pork, mess, spot » bW. 10 10 a 18 50Pork, extra prime -SI " ... a ....Pork, prime mess. West " a -...

3i;el,p ain mess " 10 00 ail.'/)Beef,exira mess ,.,.

** 1175 a 12 00Beef hams.Western ,

" 21 00 4 22 50Bacon, West, long Clear »i » 5X» 5VHams, smoked " 10 a IOhLard, City ateam,,.. " 7'17H« Via

RICE—Carolina, falrto prime V>, 6X% 7XLouisiana, good to prime " 7 a 7XRangoon, in bond " ....a ....

patua, duty paid " —a ....

Turk'slsland V boah. 27 a 38St. Martin 27 • £0Liverpool, Ashtoo'i line Visck. 2 30 • .,..

SEEUft-Clover, Weatern V ». 7X« 7XClover, New York SUto. 7<K® ITimothy V bntb. 1 30 a> 1 40Canary, Bniyrna 1 70 a 1 77XCanary, Slilly a 2 5JCanury, Dutch a 1 75

Hemp, foreign a 1 55Flaxseed, American, rnugb.., 113 a 1 <5

Linseed, Calcutta V S« •. gold. I gS a 1 90Unseed Bombay V CI > g}l<t, ... a ....

8ALTPKTRB-Reflned,par6 ,,,,CrudeNitrate ioda

9»...p«r lOOIb.fold

81LK-Tsatlees, No. 2Ta.vsaHms. No. I ]]Kc-reelcd Tsatlees, bc<!tRe-reeled Congoun, No. 1

SPKLTER-Foreign 100 B.gold.Domestic, common cnr.

SPICESPepper, Batavla v k.golddo Slnaaporedo white

Cassia, China LIgneado Batavla

Ginger, Africando UalcattaMaceNutmegs, Batavlaand PenangPimento, JamaicaClovesdo stems ,

SPIRITS—Brandy, foreign brands V gall.Hum—Jam, ,4th proof •»

St. Croix, 3d proof '•

Gin ••

Whiskey, Scotch »•

do Irish ••

Domestic liquori-'Alcohol fi gal),Whiflirey '•

Brandy (Cal,) delly. In K. If..,. "

8TKKL—English, cast,2d&lBtqcallty «4lbgoldEnglish, Bnrlng,2d & Ist quality.. "English blister, 2d& istquaiity,. "English machinery "English German, 2d ft 1st quality "American blister cnr.American cast. ToolAmerican cast springAmerican machineryAmerican (rermac spring

5DGAR-Infertor to common refinlrg....* It.

F.lr •'

Good refining •'

Prime "Porto HIco. refin . fair to prime "Boxes, c'ayed, N 08. I0@12 *'

Ceitiifugal, Nos. 7@i3. ••

Melado •*

Manila, sup. an 1 ex. sup •'

Batavia.Nos l'.'@i2 •*

Brazil, Nob. 9(311 ••

i?frf««rf—Hard, crushed "Hard, powdered *•

do granulated "do cutloaf *•

Coffee, A. Ptandard. "

do oil A ••

WhlteextraC "FxtraCrto •*

Yellow C... •

Other Yellow .."

Molasees sugars "

TALLOW-Prime City fi a.

TIN-

SBO •• w"

50O •4 75 a4 79 a4 71 a

i in"4 nx

4 79 a• 00

«"8....a

... •m"«

ws9V80SO

8814

. gold.—S 79 a 17 004 00 a 8 00890 • 4 OU800 a 8»8 60 a 400860 a sto

1 CO a 2 011 OS « 1 rsx.... a 3 9'j

Btore frtcM,i4xa i<6xa9 a9xaloxa....a....a...a....a. ..a

9y14lOX

16«10

6X9

.. »

....a7X97'sâ7X9:X9a

nyiv:M9mai a8X»>x»7^4-'Hi•X*

....a

7S

7K

»H8

7X7X7

StraltBKngllBh.renne*Plates. I.e., coke VbJ gi

*ib

14X3....a

5 30 a573 a

21 •-3 «33 aNorn

20 a28 a45 a75 ®21 a33 a50 a80 a22 a30 a45 a17 a19 aNom

2c aMSu%£S21 •SO •45 •60 @

3 as a

10 a12.1212 a16 •

;o *3-1 a13 a\l%

2ISit::6 •2S aa> •20 a16 a

. saj>. <<.

19-6I28 •

21 > a7 4»

5 506C0

MSS45

TilyBon.Commoeto lair cnr

do Extraflne t^^flnest' *

7oanK HysoDsCom.to fair 25SS

su

do Super. to flue

Imperial. Coin, to fair .... n

HysoD Skln.A Twan..com. lo fair. 18

do do ifix.flnetoanefltUncolored Japan,Com. to talr.

sal.25as90n

do'"8ttperlor toflneT."—do Kxflneto finestdo Choicest

••'•S8

7S2«40

do Kx.ftDAto findst.. SS75

TORACOO-Kentactty luce, hoaw

ne.-•77

4X'* leaf. " com. to 1

Seed leaf—New Enj-wrappern'Vdo fillers, *76-'

12^SS71082 It

1 IS2445

37384)81

Uavana, com.to fine

Manufac'd.ln bond, black work'* brUhtwork...

roob—American XXAmerican. Nob. 1 & i

American,Ccm'jlng

• »

jjo I Pulled ., 85Carifornla. Sprinjr Clip-Superior, unwasbedFairInterior.Bnrry

Sjutb Am. Merino, nnwasbed,.;:::

SI241819218027'

Texas, medium. EaatemSmyrna. unwashed g

UBIGHTS— ,— »T«allToLmsTOOL: «. d. ».

Cot*on V 9. ...9

old'.

'a.Xji

L.- —

*

eomp.yjour » bbl. 26 9.buavy goods. ,V too. 2S ;«S 250

Wueat, bulk « bags,. 3 9,Beel * ic«. 5 D i>,

roik »b(>l <0 • • •••

636 THE (CHRONICLE.IVOL. XXVI.

Commercial Cards.

Russell & Co.,-c on missioN merchants

AND SHIP AGENTS,0ons; Kons, Canton, Ainoy, Foocboir,

Snaugbal and Hankonr, China.Boston Agency, ) Represented by

J. MUKBAT FORBES, V S. W. POMEROY Jr.,iO OKNTEAL STiftKT. S 105 Watbr St., N Y

Hong Kong & Shanghai

Banking Corporation,Head Office, Hong Kong.

Represented by8. W. POMEROY Jb., 105 Watek St.. N. Y.

Charles E. Parker,COMMISSION MERCHANT,

14 Excbange Place, BOSTON.Post Office Box 2.6ai.

Olyphant & Co.,COMMISSION MERCHANTS,

Bong Kong, Shanghai, Foocbow andCanton, Cblna.KKPBESKNTKD BT

Ol,YPHANT & CO., of China,

104 Wall St., New ITork.

John Dwight & Co.,MANUFACTURERS OF

SVPER-CARBONATEOF

SODA.No. 11 Old Mlp, New Vork.

The Jobbing Trade ONLY Sopplled.

Commercial Cards.

Brinckerhoff, Turner

& Co.,MftPufftcturerR and Dealers lu

COTTONSAILDUCKAnd all kinds of

COTTON ,ANVA8, FELTING DUCK, CAR COÊISUiB, BAGGING. RAVENS DUCK, SAIL TWINES

*e • ONTARIO ' SEAMLESS BAGS,• AWNING STRIPES.'

AJ8u. Atênts

Cnlted Statex Bunting Company.A full supply (11 widths and Colors always in stock.

No. lOU Dnane Street.

George A. Clark & Bro.,

[MltTrAR •".« HKLIX NEEDLES.400 BROABWAT, NEW YORK.

E.R.Mudge,Sawyer&CoAGENTS FOR

TPashlngtoii ITIllU, rlilcopee nfg Co.,BurliiiKtnn Woolen Co.,

Bllertou New .ÎIIIm,Atlantic Coiton milla,

Saratoga Victory JWfg Co.,AND

Hosiery, Sbirtx and DravreraFrom Various Mills.

NKW YORK. BOSTON,* 46 White Stekkt. 15 CnACSoiy St,

PHILADELPHIA,J. W. DAYTON, lao Chebtndt Stbekt.

MANCCIESTER

Locomotive Works,MANUFACTURERS OF

EtOcomotlTes and Amoskoag SteamFire Engines,

MANCHESTER, N. H.

A.RESTAS BLOOD, TT. G. ItlEANS,Superintendent, Treasurer,

Ilaacbeeter, N. E. 40 WMer etr«et, Boston

Wire Rope.STEEL AND CHARCOAL

IRON of superior quality

suitable for MINING ANDHOISTING PURPOSES, .n-

cUned Planes, Transmission

,of Power, &c. Also Ga.-

Jvan'êd Charcoal and BBXorJslilps' Rigging, SuspensionI Brlages, Derrick Guys,Ferry' Uopce, Ac. A large stockconstantly on hand fromwhich any desired lengthare cut. IXAT STEEL ANDIRON ROPES for Miningpurposes manufactured toorder.

JOHN W. IHASON & CO.,43 Broadfvay, New York.

Steamships.

O K L %

Direct Line to France.

Th* Qeccral Tran^-Atlantic Compnnj'Mail Steamships,

BETWEEXNEV7 YORK AND HAVRE.

Calling at Plymouth for the landing of Passengers.The spleadld vessels on this favorite route, for the

Continent—cabins provided with electric bells—willsail from Pier No. 42 North River, foot of Morton St..

as follows;CANAI>A,Fi8ngeul Wed., JuneS6. 2 P.M.•PiiRBlKK, Danre Wed.. July 8,8 A.M.AMKRlQUE.Delord Wed., July 1', 2 P.M.PRICK OF PASSAGE IN GOLD (Including wincj:To Havre—First cabin, $10O; second cabin, S 5; tftirt

cabin, $35 ; steerage, |26—including wine, beading andutensils.To Plymouth, London or any railway station in

England—First cabin, $90 to $100. according to accom-modation ; second cabin, $fi5; third cabin, $35, steerage, $27, Including everything as above.Return tickets at very reduced rates, available

ihrough England and France. Steamers marked thus(») do not tarry «teer;-ge passengers.For passage and freight apply to

LOUIS DE BBBIAN,Agent, 55 Broadnây.

Atlas Mail Line.

BI-MONTHLY SERVICE TO JAMAICA, HATT:UOLOMBIAandASPlNWALL, and to PANAMA an<^

SOUTH PAv IFIC PORT^< (via Asplnwall.)Fiisl-class. full-poweied. Iron screw «teamert, froui

Pier NcM. North River.For Kingston (Jam.) and Haytl.

ETNA June 7IATLAS

For Haytl, Colombia, Isthmus of Panama and SouthPacillc Ports (v:„ Anninwai }.

AILSAIALPS

Superior flrst-class nassengei ^'-commodstlon.PIM, FORWOOD 4 CO., Agents,

No. 56 Wall treet.

THE OLD RELIABLE

Stonington LineFOR BOSTON,

AND ALL POINTS EAST.Not a Trip Miseed in 7 Consecutive Years.

THE ELEGANT STEAMEIISSTONINGTON and RHODE ISLAND.5PM Daily from Pier 33, North River, foot of

• • ,Iay street.Hereafter the STEA.VIBOAT EXPRESS TRAIN WILL

LEAVE Sl'ONINGTON AT 4:30 A.M.State-rooms and tickets secured at 363 Broadway .ind

at ali ofllces of Westeutt Express Company in NewVork City and Brooklyn. Also tickets for sale at allhotel ticket-offices.

PROVIOENCE L.ISJE.FREIGHT ONLY FOR

Providence, Worcester, Nashua andall Points North.

Steamers leave.

5 P. M. Pally 'rom Pier 29 North River (foot of"Warren street.)

Freight taken via either line at lowest rates.D. S. BABCOCK, President.

L. W. FILKINS, General Passenger Agent.

Iiisiiraiicc.

Usi,,F.S.WINSTON, PRESIDENT -of"Es E\?E:Ry APPfÔVED DESCRIPTION

"

LIFE XnB ENDOWMENT POLICITSOMTEnMS AS FAVORABUASTHOSEOFANYOTHERCO.

ÂSHTiSSETSQVElSaO.OOO.OOO.

InNiiraiicc.

OFFICE OF THE

AT L ANTICMutual Insurance Co.

Nkw York, Janaary 23, 1878.

The Trasteee, in conformity to the Charter of tha

Company, enbmit the fallowing Statement ot ita

aflalrs on the 31st December, 1877

:

Premiums received on Marine Bisksfrom 1st January, 1877, to Slat De-cember, 1877 $4,710,665 88

Premiums on Policies not mariced off

1st January, 1877 8,040,363 61

Total amount of Uarine Premioms. $6,751,Ce8 44

No Policies have been issued upon Life

Risks, nor upon Fire disconnected

with Marine Rislu.

Premiums marked off from Ist Jaun-

ary, 1877, to 3l8t December, 1877. .. . $4,908,881 06Losses paid duiing the

same period $2,565,8»0 87

Beturcs of Premiums andKzpenses... $947,923 86

The Company has the following Assets, viz,

:

United States and State of New YorkStock, City, Bank and other stocks. $10,566,958 00

Loans, secured by Stocks and other-

wise 1,163,200 00

Beal Estate and claims due the Com-pany, estimated at 617,436 01

Preminm Notes and Bills BeceWable. 1,784,383 63

CashinBank 256,36)08

Total amount ot Asseti $1 4,366,351 66

Six per cent. Interest on the outstanding

certiflcates of profits will be paid to the holders

thereof, or their legal representatives, on and after

Tuesday, the 5th of February next.

The outstanding certificates of the Issue of 1874

will be redeemed and paid to the holders thereof,

or their legal representatives, on and after Tues-

day, the 5th of February next, from which date all

Interest thereon will cease. The certificates to beproduced at the time of payment and canceled.

Upon certificates which were Issued for gold pre-

miums, the payment of Interest and redemptioawill be In gold.

A Dividend of Forty per Oent. is de.

clared on the net earned premiums of the Companyfor the year ending 31st December, 18*7, foi whichcertificates will be issued on and after Tuesday, the

7th of May next.

By order of the Board,

jr. H. CHAPniAN, Secretarf.

TRUSTEES:S. D. Jones,

W. H. H. Moore,

Charles H. Bussell,

David Lane,

Daniel S. Miller,

Josiah O. Low,Royal Phelps,

C. A. Hand,William H. Webb,Francis Sklddy,

Adolph Lemoyne,Charles H. Marshall,

Bobert L. Stuart,

Frederick Chauncey,

Horace Gray,

John Elliott,

William H. Fogg,

Thomas B. Coddington,

Charles Dennis,

Lewis Curtis,

James Low,Gordon W. Bnmham,

"

William Sturgis,

William E. Dodge,

Thomas F. Youngs,John D. Hewlett,

Charles P. Burdett,

Alexander Y. Blake,

Bobert B. Mmtnm,George "W. Lane,

James G. DeForest,

Charles D. Leverich,

Edmund W. CorlieS,

William Bryce,

Peter V. King, '

^Horace K. Thorber.

"J. D. JONES, President.

CHARLES DENNIS, Vice-President.

W. H. H. MOORE, 2d Vice-P*e8ide»t,

A. A. RAVEN, 3d Vice-President.

JONK 23, 1878.] THE CHRONICLE

COTTONFROM

SEED TO LOOM.1 8 "T 8

NOW READY.The contents of this book are as follows:

IMLAF OF IINI>IA.

We liave prepared a large Map of India, showing, among other tilings, all of the

eotton districts of that country. The map is made up from original sources and will,

we think, be found very useful.

CHAPTER I.

Introductory—Showing the Object and Scope of the Book.

CHAPTER II.History of Cotton in the United States from the date of its earliest production,

tracing the progress from year to year, with the inventions which gave the

impulse to that progress; also a table of receipts and exports at each out-port of

the United States from the earliest records down to 1877, &c., &e.

CHAPTER I I I.

India production of Cotton Goods from Earliest Dates—Interesting Review of the India

Export Trade in Goods from before the Christian Era to the Present lime, &c.

—

The Monsoons and their effect upon and relation to the Cotton Crop—Also, the

past Production of Cotton in India and the present supply, with a detailed

description of each Cotton District from which the present supply comes—Several

wood-cuts and full Statistics of the Trade, &c., &c.

CHAPTER IT.Acreage in the United States—Yield and Acreage by States since 1869—Possibilities of

Crops with Acreage given—Growth in Acreage illustrated and proved—Percentajje

of Production and Acreage in Each State, &c., &c.

CHAPTER V.Planting—Cultivation from January t j June—How Land Prepared and Seed Planted

—

Old Lands being Reclaimed—Early Growth of Plant—Chopping Out—Securinga Stand—Cotton Plant very tender in Early Life and tough afterwards—Its EarlyEnemies and Diseases—Crab Grass—Wet May and June—Rainfall, Thermometer,Chronicle W eather Reports and Agricultural Bureau Reports, from January to

June, for 1870 to IS??—Very important deductions from the weather data, &c., &c.

CHAPTER VI.Stunmer and Fall Growth—Formation of the Bud, its Shape, &c.—The Blossom, how it

changes its Color and Shuts and Falls—Formation of Boll— Habits of Blossom andPlant in Relation to Sun—Definition of Bottom Crop, Middle Crop and Top Crop

—

Cotton Enemies in Summer, Lice, Rust, Shedding, Boll- Worms, Caterpillars, &c.

—

Number Bolls to Make a Pound, &c.—Rainfall, Tliermometer, Chronkxb WeatherReports and Agricultural Bureau Reports, from July to December, for 1870 to 1877—Tables showing Date of Frost and End of Picking Season at a number of points

in each Southern State for Seven Years Past—Important deductions from this

Review and Analysis of Weather for past Seasons, &c., &c.

CHAPTER VII.Gathering sad Marketing of Crop—The Influences affecting Market—When and why

a Crop will be Marketed Early—An Analysis of the Movement to the Ports of EachCrop from 1870 to 1877, and the Reasons lor Delays and. for Haste—Tables Showingat Several Points in Each State the Date of the Receipt of First Bales, ArrivalsNew Cotton to September 1, &c., &c.—Also, Height of Rivers for a Series of

Years. All these facts are so arranged as to enable the reader to form a correctopinion of the future. This chapter closes with the daily receipts and percentagesof past receipts for a series of years, &c., &c.

CHAPTER VIII.Prices of Spots and Futures, for a Long Series of Years, at New York and Liverpool

—

Cotton Movement at New York, &c., &c.

CHAPTER IX.Consumption of Cotton in Europe and the United States—Some Thouchts on this

Subject which may be Suggestive—Also, full Tables and Statistics Showing PastConsumption, &c., &c.

This is a very brief summary of the contents of this book. It is alarge octavo volume of over three hundred pages, containing everthing thetrade needs for reference, and drawing conclusions from the experience ofthe past, which ought to make crop estimates in the future less difficult

and uncertain.

Price, ----.- Three Dollars.Win be mailed to any addrets pott-paid on receipt of price.

Wm. B. Dana & Co., 79 & 8i William St., N. Y.HjENRT HERBERT, 5 Austin Frinra, Old Broad (it,, I^iidon,

Cotton.

Ware, Murphy & Co.,

Cotton FactorsAMD

GENERAL COMMISSION MERCHANTS

COTTON EXCHANOE BUILDING,

NEW YORK.Special attenMon paid to be execnllon of orden

Cor the parctaaie or Bale of contractit for futaro

delivery of cotton. Liberal adTaDce» ma'le on con-

Ignmentg. ____^

Knoop, Hanemann& CoOonmsSlON niEHGHANTS,

«a KXTHANQK PLACE. NKW TORK.

TIOU8SS t»

nauclieKter and Liverpool.

OE JERSEY Se. CO.W. C. Watts & Co.,

21 Brawn's Bnlldlnc*,

I.IVERPOOI.,

tollcUconglgnines>.a of COTTON and orders tor tte

parehaae or sale of fnture Rhlpmenta or deUverlfB.

Advances made on conBlg&ments. and all Infonnstloa

afforded by our frlenna, Messra. D. WATTS A Co., 51

Stone »treel. New Tork, and Mesera. D. A. ei VKN *

8JN,64 Baronne Street. New Orleans.

L. F. Berje,

COTTON BDYEK AND COMMISSION MERCHAHT

N E W^ ORLEANS, LA.

J.C. Johnson & Co., ,

OOTI'ON BUYERS FOR MANUFACTITRERS

mEMPHIJ--, TEVN.

D. W. Lamkin & Co.,Cotton Factors,

VICKSBCRG, MISS.

Orders to Furchase Cotton In our market solicited

Refer to Messrs. THOMAS J. SI^UGHTER, NewYork.

McAlister & Wheless,(orxoN

ooiamssioN nEK(^HAi«'>sNASHVILLE, TENNK8SKK

Special attention given to Spinners' oriier». Correspondence solicited.KKFttRttNOBS,—Third and Konr:n Ntttlonn Bank ;

aid Pronrl^rora of Tt:n Crroniot..

JOSEPH GILLOTT'SSTEEL PENS.

SoU fy att deakrt tJtrimgkout tlu World.

Smith's Umbrellas.GINGHAM, any i-ize SI 00GUANAOO . patoutcd 2 00SILK, paragon frame ISC'

Fine Silk Umbrella* In great Tariety.

ITnibrella* and Paraaols to order & ropaii«d.

36 Fulton Street, near Pearl Street

ISO FnltoD Street, near Broadway.

104 Broad*vay, near Pine street.

1188 Broadway, near Mth street.

405 Broadway, near Canal street,

EstablishedA.D.1802

wVI THE CHRONICLE. [Vol. XXVI.

Cotton.

Woodward & Stillman,SEAMEN'S BANK BUILDING.

Nos. T4 4; T6 Wall Street,

NEW YORK.


LOANS laADE ON ACCEPTABI.ESECURITr.

Liberal advances made on Consignments.

Special attention paid to the execution of orders for

the purchase or sale of contracts for future delivery

of cotton.

Henry Hentz & Co.,GBNBRAL

(COniniSSION nESCHANTS,174 ^k 1T6 Pearl St , New Yerk.

Advances made on Consignments to

Messrs. JAITIRS FINLAY & CO.,

tilVKKPOOL, LONDON AND GLASGOW.

Îso execute orders for Mercbandlse through

messrs. FINLAY, inVIR & CO.,

CALCUTTA AND BOMBAT.

FUTURE CONTRACTS FOR COTTON bought and-old on commission In New York and Liverpool.

Dennis Perkins & Co.,COTTON BROKBRS,

11 T Pearl Street, New York.

H. W. &J.

H. Farley,COTTON FACTORS,

COMMISSION MERCHANTS,AND

FINANCIAL, AGENTS,132 Pearl Street,

P. O Box 3,909. Nenr York.Advances made on Consignments.Beeclal personal attention to the purchase and sale

»I '• CONTRACTS FOR FUTURE DELIVERI " OFOOTTON.

E. S. Jemison & Co.,(Successors to JIOODY & JEMISON),

BANKERS, COTTON FACTORSAND

GENERAL COMMISSION MERCHANTS.No. 123 Pearl Street, New York.

Advances made on Consignments Future Con-tracts for Cotton bought and sold on Commission, In

New York and Liverpool.

Tames F.Wenman& Co.,COTTON BROKERS,

No. 146 Pearl Street, near Wall, N. Y.Established (In Tontine Building) 1841.

E. O. Richards,(Successor to A. L. RICHARDS)

Sililpplng and Commission Merchant

No. 89 BROAD STREET, NEW YORK.

Cotton.

Pirn, Forwood& Co.,GENERAL COMMISSION MERCHANTS,

P. O. BOX 613, P. O. BOX 4964,

New Orleans, I.a. New York.Execute orders for Future Contracts In New York

and Liverpool, and make advances on Cotton and

other produce consigned to

LEECH, HARRISON & FORAVOOD,LIVERPOOL.

Also, execute orders for Merchandise In

England, China, India and Singapore.

UNDERWRITERS IN NEW ORLEANSfor the

British & Foreign Marine InsuranceCompany of lilverpool.

Bennet & Foulke,

GENERAL

COMMISSION MERCHANTS,

131 Pearl Street, New York.

Special attention given to the execution of orders

(or the Durchase or sale of Contracts for Future

Delivery.

Insurance.

HOMEInsurance Company

OF NEIY YORK,OFFICE, No. 135 BROADWAY.

Forty-Ninth Semi-Annual Statement)SHOWING THE

Condition of the Company on the firstday of January, IS 78.

CASH CAPITAL $3,000,000 00Reserve for Re-Insurance 1,836,432 31Reserve for Unpaid Loeeea anaDividends 256.391 42

NetSurplus 1,016,703 02

TOTAL ASSETS $6,109,526 75SUMMARY OF ASSETS.

Cash In BanksUonds and Mortgages, being first Uen onreal estate (wortk $-i,293,200)

United States stocks (market value)Bank Stocks (market value)State and City Bonds (market value)Loans on Stocks, payable on demand(market value of Securities, |42I,098) . .

.

Interest due on 1st of .lanuary, ld78Balance In hands of AgentsKeal estatePremiums due and uncoHected on PoliciesIssued at this office

1161,727 56

2,016,903 003,016,675 OO251,190 00124,828 00

3U,215 «65,3:2 39185,204 13

12,500 00

H. Tileston & Co.,COTTON BUYERS & COMMISSION MERCHANTS

60 Stone Street, Ne-w York.Orrfers In Futures executed at N. Y. Cotton Exchange

Waldron & Tainter,(Successors to NOURSE & BROOKS),

OENERAL COTTON MERCHANTS,97 PEARL STREET, NEW YORK,

Future orders promptly executed.

Edward H.Skinker& Co.COMMISSION AND COTTON MERCHANTS,


BLOSS & INCHES,COTTON FACTORS

Aim



B. R. Smith & Co.,COTTON

COMMISSION MERCHANTS,125 PEARL STREET, NEW YORK,

AND44 Broad Street, Boston.

Liberal advances made on consignments. PromptEersonal attention paid to the execution of orders for

le purchase or sale of contracts for future delivery.'

Wm. Felix Alexander,

COTTON BROKER,

AVGUSTA, GEORGIA.Entire attention given to purchase of COTTON on

ORDER for SPINNERS and EXPORTERS.COEEBSPONDKNCE SOLICITED.

References :—National Bank of Augusta, Georgia

;

Henry Hentz & Co., Commission Merchants, NewYork; William B. Danaft Co., Proprietors Commkb•lAL AND FlNANOlAL Cheoniole, and Other NewYork Houses. __^^ , _

Macaulay & Co.,COMMISSION MERCHANTS,

22 WILLIAM STREET, NEW YORK.Future Contracts for Cotton bought and sold on

Commission In New York and Liverpool.

R. M. Waters & Co.,54 BROAD ST., NETY YORK.

ADVANCES maie on warehouse receipts andconsignments of cotton.

BUY' AND SEIiIj cotton contrac'iB and firtt-

class inve.atir.ent securit eg

7,87130

Total 16,109,526 75

CHAS. J. MARTIN, President.J. H. WASHBURN, Secretary.

North British and Mer-

cantile Ins. Co.,OF

LONDOIV AKD EDINBURGH.Incorporated in 1809.

VNITED STATES BRANCH:54 TVllllain St., Cor. Pine, New York.

ESTABLISHSD DECEMBER, 1866.Called-in & paid-np Capital (gold) $l,a£0,000 00

Reserve for all fire liabilities, tn-

cludina re-insurance 2,428,97« 97

Net Fire Surplus and Reserve. . .

.

4,221,557 49

Cash and Invested Assets (gold). $7,900,536 46Subscribed Capital, for which the

Stockholders are personally lia-

ble, not yet cilled in $8, 750,000 00Reserve for total Liabiliiies, in-

cludinjjtre-insurauce, in thelJ.S. $765,558 54

Net surplus iu the United States. 945.4lI5 75

Fire Assets held In the U.S. ..$1,710,964 29The above does not Include the Life and Annuity

Funds, which, by aot of Parliament, are In a distinct

and separate department, for which the surplus andreserve of the Fire Insurance Department, namedabove, are not liable. _

CHAS. E. WHITE, SAM. P. BLADGEN,Managbes.

Sawyer, Wallace & Co.,

COTTON FACTORS * COMMISSION MEBCHANTS

47 Broad Street, Nenr York.

WALTER & KROHN,COTTON BROKERS,

53 BEAVER STREET, NEW YORK.

Insurance.

Geo. Copeland,COTTON BROKER,

186 PBARIi STREET, NEW YORK

^TNAInsurance Company

OF HARTFORD.INCORPORATED IN 1819.

Total Assets, January 1, 187T 87,116,684 42

Capital $3,000,000 00

Re-insurance fund. ... 1,741,273 42

Unpaid losatB & otherclaims 429,114 82— 5,170,388 24

NET faURPLUS, Jan. 1, 1877.. $1,945,236 18BRANCH OFFICE:

No. 173 Broadway, New York.

JAS. A. ALEXANDER, Asent.

Liverpool &London & Globe

Instcraîce Company^

45 William StJ, E. PULSFORD,

Resident Managek.

Lyommercial

Union Ins. Lô.(OF LONDON-},

ALFRED PELL,Resid'mt Manager,

3r & 39 Wall Street.

Henry Lawrence & Sons,MANUFACTURERS OF

MANILA, SISAL, JUTE & TARRED

CORDAGE,FOB EXPORT AND DOMESTIC U8F.

GANGS OF RIGGING MADE TO ORDER,

m FRONT STREET, NEW YORK.

june 22, 1878, vol. 26, no. 678ramae hunt'smerchants'magazine. |i^^ufelygew 151ijaire»,...

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