:
* 1 " ommtroa AND jmmiot HUNT'S MERCHANTS* MAGAZINE.
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL. 29. NEW YORK, SEPTEMBER 20, 1879. NO. 743.
Financial. Financial. Financial.
Banque R. A. Lancaster & Co., • BANKERS AND BROKERS, Centrale Anversoise, Phelps, Stokes 66 BBOADWAY, NEW UIIIK, & Co., DEALERS in Flrst-Claa* Investment Securities. I. N. PHELPS, GOVERNMENT BONDS, STATE, CITY, COUNTY, Antwerp. JAMES STOKES. BANKERS, RAILROAD & MISCELLANEOUS SECURITIES ANSON PHELPS STOKES. Bought and Sold on Commission. Paid-Up Capital, - 9,000,000 Francs. 45 WALL ST., NEW YOICK. Virginia Tax-Receivable Coupon* Bought. SOU1HERN SECURITIES A SPECIAL1T. BOARD OF DIRECTORS DRAW BILLS ON LONDON. LOANS NEGOTIATED. INTEREST ALLOWED ON DEPOSITS. Fblix Gbisar. President. Alfbed Macjeinay (Graft* Maqulnay), Vlce-Fres MAKE CABLE TRANSFERS. EF* SPECIAL ATTENTION GIVEN TO J. Ft. Von tkr Becxe (B. Von dcr ltecke). FUNDING VIBGINIA AND NORTH Otto Guntheb (Cornellle-Davld). Kmu.k db Gottal. Brnr Commercial Paper and Bills of Exchange CAROLINA STATE BONDS. AD. Fbane (Frank, Model 4 Cle.) Auo. Nottbuohm (Nottebohm Freres). TRANSACT GENERAL DOMESTIC AND FOR- Fm. Dhanis (Michicls-Loos). Joh. Dan. Fuhkmann, Jb. (Joh. Dan. Fuhnnann). EIGN BANKING BUSINESS. Hilmers,McGowan & Co Louis Webbb (Ed. Weber & Cle.) JuLBs Rautenstbai'cu (Q. Scbmld & Cle.) S. Kennedy Co., BROKERS IN J. & TRANSACTS A FOREIGM EXCHANGE, Bankerg and Merchants, GENERAL BANKING BUSINESS. 63 Wall Street, New York. No. 63 (P. O. BOX 2,947.) ASA P. Potter, Prest. J. J. Eddy, Cashier. WILLIAM STREET, Special attention paid to the negotiation of Com New York, Maverick National Bank, merclal bills. BUT AND SELL BOSTON, Son Co., DEALERS IN RAILROAD INVESTMENT SECURITIES; Gilman, & BANKERS, GOVERNMENT BONDS. Collect Coupons and Dividends i Special attention given to COLLECTIONS, and NEGOTIATE LOANS AND DRAW BILLS OF 62 CEDAR STREET, prompt remittances made on day of payment. business paper discounted. Correspon- Boston EXCHANGE ON LONDON. Banking Business, buy and dence inyited. In addition lo a General All business relating to the Construction and sell Government Bonds and Investment Securities. Hatch & Foote, Equipment of Railroads undertaken. WAL8TON R. BBOWN. rillD. A. BROWN. BANKEBS, No. 12 W.UL STBEET BUY AND SELL WalstonH.Brown&Bro. GOVERNMENT BONDS, GOLD, STOCKS AND BANKEBS, MISCELLANEOUS SECURITIES. Sand, Hamilton & Co., 11 Pine Street, New York. A. H. Brown & Co., BANKERS AND BROKERS, __. 2 Naftxnii Street, New York. SPECIAL ATTENTION GIVEN TO THE NKOOT1A bankers and brokers, TION OF T Wall St., Cor. New, New York. STOCKS AND BONDS BOUGHT AND SOLD ON BAILBOAD SECURITIES. INVESTMENT SECURITIES. COMMISSION. Special attention to business of country banks. COMMERCIAL PAPER NEGOTIATED. Trask & Francis, Gvvynne & Day, BANKERS AND BROKERS, R. T. Wilson & Co., TO Broadway & 15 New St., Now York [Established 1854.] No. 45 Wall Street, Transact a General Banking Business. BANKERS AND COMMISSION MERCHANTS and Sold oa Transact a general banking and brokerage busi- BTOCKS, BONDS and GOLD Bought Exchange Court, York. on Margins. ess in Railway Shares and Bonds and Government 2 New Commission, and carried Interest Allowed. ecurlties. Deposits Received and of Country Banks and Bankers re Interest allowed on deposits. H. L. Grant, tW~ Accounts celved on favorable terms. Investments carefully attended to. No. 145 BROADWAY, Kountze Brothers, NEW YORK. Coleman Benedict & Co. BANKERS, CITY RAILROAD STOCKS & BONDS STOCK AND BOND BROKERS, BOUGHT AND SOLD. 12 WILL STREET, NEW YORK, 92 BBOADWAY. See quotations of City Railroads In this paper. Governments, and all Se- Issue Commercial and Travelers' Credits available Stocks, Railroad Bonds. curities dealt In at the New York Stock Exchange In all parts of the world. Draw Time and Sight Bills bought and sold, either for Investment or on margin, on the Union Hank of London, and on the Credit H. W. Rosenbaum, in lots to suit, on commission only. Lyonnais, at Lyons or Paris. Make Cable Transfers. Coleman Benedict, J as. Mcgovern.Jb. 51 Exchange Place, Member N. Y. Stock and Mining Exchanges. NEW YORK, B08TON. AND SELLS 134 Pearl Street. 70 State Street BUYS GOSSLER & Co., RAILBOAD BONDS AND STOCKS. B. F. Blakeslee, CLASSES OF INVESTMENT MIS- OOBBESPONDENTS OF ALL AND BOND AND STOCK BBOKER, International Bank of Hamburg and CELLANEOUS SECURITIES NOT ACTIVELY 833 MAIN STREET (HILLS BLOCK), London, (Limited.) DEALT IN AT THE NEW YORK STOCK EX- HOUSE IN EUROPE, CHANGE A SPECIALTY. HABTFORD, CONN. JOHN BERENRERG, GOSSLER A CO Correspondence solicited and Information cheer- Special attention paid to Investment orders for Bonds. HAMBURG. fully furnished. miscellaneous Stocks and ; ; :
ii THE CHRONICLE Vol. XXIX
Foreign Exchange. Canadian Bank*. Foreign Bankers. Drexel, Morgan & Co., Bank of Montreal. Nederlandsch Indische STREET, WAIL , Handelsbank, CORNER OF BROAD, NEW YORK. CAPITAL, - $12,000,000, Gold. AMSTERDAM, HOLLAND. SURPLUS, - 5,500,000, Gold. Drexel & Co., Drexel, Harjes & Co Established in 1863.
No. 34 South Third St. 81 Boulevard Hnussmann Pald-Up Capital, 12,001,000 Guilders GEORGE STEPHEN, President. ($4,800,000 Gold.) Philadelphia. Paris. R. B. ANGUS, General Manager HEAD OFFICE IN AMSTERDAM. DOMESTIC AND FOREIGN BANKERS. Agencies in Bataviu, Soerabaya and Samarang. Deposits received subject to Draft. Securities, Gold, NEW YORK OFFICE, Correspondents in Padang. Ac. bought and sold on Commission. Interest allowed on Deposits. Foreign Exchange. Commercial Credits. Nos. 59 & 61 WALL STREET. Issue commercial credits, make advances on ship- Cable Transfers. Circular Letters for Travelers, ments of staple merchandise, and transact othei In all parts the C. F. SKITHXBS, ( Airpnts available of world. Agents. business of a financial in Waltbb Watson, J character connection with ATTOBCCKYS AND AGENTS OF the trade with the Dutch East Indies. Messrs. J. 8. MORGAN & CO., Bay and sell Sterling Exchange, Francs and Cable RLAKE RROTHERS & CO., No. S3 OLD BROAD ST., LONDON. Transfers grant Commercial and Travelers' Cred- ; Agents for North America, its, available in any part of the world ; issue drafts 54 wall street, new york, on and make collections in Chicago and throughout 28 STATE STREET, BOSTON. Brown Brothers & Co., the Dominion of Canada. No. 59 WALL ST., N. V., London Office, No. 9 Blrcliin Lane. Adolph Boissevain & Co.. Issue, against cash deposl od, or satisfactory guaran. tee of repayment, Circular Credits for Travelers, in AGEXCi OF THE RANKERS dollars for use in the United States and adjacent AND countries, and in pounds sterling for use In any part of British COMMISSION MERCHANTS of the werld. Bank AMSTERDAM, HOLLAND. THEY ALSO ISSUE COMMERCIAL CREDITS North America, MAKE CABLE TRANSFERS OF MOSEY BE- N. Y. Correspondents.—Messrs. BLAKE BROS. * CO TWEEN THIS COUNTRY AND ENGLAND, AND No. 52 WALL STREET. DRAW BILLS OF EXCHANGE GREAT ON Commercial Credits issued fornse in Europe, China, California Banks. BRITAIN AND IRELAND. Japan, the Eaat and West Indies, and South America. Demand and Time Bills of Exchange, payable in London and elsewnere, bought and sold at current The Nevada Bank & W. Seligman& Co., rates; also Cable Transfers. OF SAN FRANCISCO. J. Demand Drafts on Scotland and Ireland, also en Canada, British Columbia BANKERS, and San Francisco. Bills New York Agency, 62 Wall Street Collected and other Banking Business transacted.
D. A. MACTAVISH, . 59 EXCHANGE PLACE, j Age„-.,nts. WM. LaWSON, j CORNER BROAD STREET, NEW YORE. Capital, paid up... $10,000,000 Gold. Surplus, (invested in Issue Letters of Credit for Travelers, Merchants' Bank U.S. Bonds) 3,500,000 " OF Payable In any part of Europe, Asia, Africa, Australia CANADA. C. T. CHRISTENSEN, and America. !• Agents, GEORGE L. BRANDER, Draw Bills of Exchange and make telegraphic trans- Capital, $5,461,790 Paid Up. fen of money on Europe and California. Issue Commercial and Travelers' Credits available President, the Hon. JOHN HAMILTON. In any part of the world. Draws Exchange, Foreign, and Inland, and makes Trans.'ers of Money by Tele- Vice-President, JOHN MCLENNAN, Esq. Munroe & Co., graph and Cable. Gives specUl attentlsn to Gold and John HEAD OFFICE, MONTREAL. Silver Bullion and Specie, and to California Collec- tions and No. 8 Wall Street, New York, GEORGE HAGUE, General Manager. Securities ; and arranges to pay Dividends on such securities at due dates- No. 4 Post Office Square, Boston. WM. J. INGRAM, Asst. General Manager. Bankers, London, SMITH, PAYNE & SMITHS. CHEQUES AND CABLE TRANSFERS ON BANKERS do do BANK LONDON. ENG.—The Clydesdale Banking Comp'y. UNION OF LONDON. MUNROE & CO., PARIS. NEW YORK—The Bank of New York. N. B. A. de New York, The BANK of NEW YORK, NJB.A. STERLING CHEQUES AND BILLS AT SIXTY The New York Agency buys and sells Sterling Ex- DAYS' SIGHT ON change, Cable Transfers, issues Credits available in THE all parts of the world, makes collections in Canada ALEXANDERS A: CO., LONDON. and elsewhere, and issues Drafts payable at any of the offices of the bank in Canada. Demand Drafts Anglo-Californian issued payable in Scotland and Ireland, and every Bank CraouxAB Notes and Cbxdits fob Tkavrlbks. description of foreign banking business undertaken. (LIMITED). New York Agency, 48 Exchange-place. LONDON, Head Office, 3 Angel Court. HENRY HAGUE. Agents. JOHN B. HARRIS, JR., S. G. & G. C. Ward, SAN FRANCISCO Office, 422 California St, NEW V OR K Agents, J. & W. Sehgman & Co. AGENTS FOB Imperial Bank of Canada BARING BROTHERS A COMPANY, Authorized Capital, • - $6,000,000. Capital, $1,000,000. 52 WALL STREET. NEW YORK. Paid up and Reserve, - 1,700,000. H. 8. HOWLAND, President ; D. R. WILKIE, Cashier 28 STATE STREET, BOSTON. Transact a general banking business. Issue Com. HEAD OFFICE, TORONTO. mercial credits and Bills of Exchange, available in all parts of world. Collections fox- Bkanchks : the and orders Bonds, Stocks, etc., executed upon the most favor- Stuart Co., ST. CATHARINES, PORT COLBORNE, ST. THOMAS & & able terms. FRED'K F. LOW, ) Manmrer. J. J. INGERSOLL, WELLAND, DDNNVlLLE, FERGUS. IGNATX STEINHART.i Mttnagers- 33 NASSAU STREET. Dealers In American Currency and Sterling Exchange* P. N. LILIENTHAL. Cashier.
Agents In London : Agents In York: BILLS OP EXCHANGE ON | New Bosanqukt, Salt & Co., j Bank of Montreal, SMITH, PAYNE & SMITH'S, 93 Lombard street. 59 Wall street. Boston Bankers. BANKERS, LONDON Promptest attention paid to collections payable in ; any part of Canada. MANCHESTER & COUNTY BANK, Approved Canadian business paper, payable in gold Chas. Sweet Co.,. "LIMITED;" or currency, discounted on reasonable terms, and A. & proceeds remitted to any part of the United States by MANCHESTER, PAYABLE IN LONDON gold or currency draft on New York. ULSTER BANKING COMPANY, BELFAST, IRELAND; Foreign Bankers. 40 STATE STREET, ROSTON. AND ON THB NATIONAL BANK OP SCOTLAND, DEALERS LN GOVERNMENT SECURITIES, Gold Nederlandsche State. City, County and Railroad Bonds EDINBURG, AND BRANCHES ALSO, CABLE TRANSFERS AND LETTERS OF CREDIT Handel-Maatschappij, F. H. Peck, The Netherland Trading Society OF HOLLAND, RANKER AND RROKER Knoblauch No. 7 EXCHANGE PLACE, ESTABLISED 1834. & Lichtenstein, Paid-up Capital, 36,000,000 Fiorina. BOSTON. ($14,400,000, Gold ) BANKEKS, Execute orders for the purchase or sale of Merchan- William St., cor. Exchange Place. dise. Bonds, stocks, and other securities. In the Parker & Stackpole, United states, Europe and the East ; make Collections, NEW YORE. buy and sell Foreign Exchange, and give advances Make Telegraphic Money Transfers. upon Merchandise for Export. BANKERS, OL1VEU S. CARTER, 1 Agents Draw Bills of Exchange and Issue Letter! ef Creole STANTON BLAKE, t for all cities " DEVONSHIRE STREET, on principal of Europe. HENRY E. HAWLEY, ) America. No. 68 8PECIAL PARTNER, New Yoke, January 1, 1879. DEUTSCHE BANK, Berlin, Office, 142 Pearl Street New York. BOSTOW •September 20, 1879. ] THE CHRONICLE. in
Boston Banker*. financial. •.LIS- III Brewster, Basset & Co., Jesup, Paton & Co., , 4 , BANKERS, WM•B'H*rc»( 5 (9 BANKERS, Wo. 35 CONGRESS STREET, 52 William street. New York. ,n Commission. Boston, Oltu, SRSktf* J.",'! ,?;".l'. GOVERNMENT. Accounts and Agency of Banka, Corporations, ,,C PA L »»« RAILROAD BONIJB !I/SiSjM5* i . and .STOCKS, and all causes of Securities dealt Is Dealers In Stock*. Bonds, Gold and Commercial firms and individuals received upon favorable terms. at the NEW YORK STOCK E.\l II A N«. E. or a" Dividends and l , S(-' Interest collected and remitted. .'„ cur " 1 "" bought and „,|,| paper. «'."! ? 'i | n the Ill-Kit Act as agents for MARKET. LOANS and I 'o.MMKItl'l A I. I'APBR corporations In paying coupons negotiated. 'Orders executed on Commission at Broken Board Interest paid on DEPOSITS sublset ts) and dividends, also as transfer agents. check. Auctions, and Private 8ale. Bonds, stocks and securities bought and sold on WILLIAM B. HATCH Investment Securities constantly on hand. commission. THOMAS H. BOUDEN. FRANK J ENttnw Sound railroad and municipal bonds negotiated. Uao. Wj. muuu. Oeobob ii. Holt, Sterling exchange bought and sold. Drafts on Member N. If. Stock Exchange. Union Bank of London. James M. Drake & Co. BANKEBS, Geo.Wm.Ballou&Co 21 AND 22 DBEXEL BCILDINO, John J. Cisco & Son, BANKERS, Wall St., New York, <9 WALL STREET, 19 DEVONSHIRE ST., No. 59 Wall Street, New York. BUY and SELL RAILROAD STOCKS and BONDS. Mew York, Boalon, U. 8. GOVERNMENT. STATE. CITY, and all other^ DKPOSITS RECEIVED SUBJECT TO CHECK AT Negotiable Securities, on Commission. SIGHT, AND INTKKEST ALLOWED ON D.ULY Mr. J. M.Drake has been a member of the New BANKERS AND DEALERS IN BALANCES. York Stock Exchange since ISMJ. and will give per- GOVERNMENT BONDS, GOLD, STOCKS AND sonal attention to all business entrusted to the firm. ALU INVESTMENT SECURITIES BOUGHT AND Municipal Bonds. BOLD ON COMMISSION. R.
C. A. BROKERS. Southern Bankers. BUTTRICK, ) Members of the N.Y. Stock ; WM. ELLIMAN, j and Mining Exchanges. B. a. Burboss, Pres't. A. K. Waxkbb, Cashier. CINCINNATI, OHIO. First National Bank, New York, New England WILMINGTON, N. G. Collections made on all parts of the United States & Western THOS. r. MILLER, R.D.WILLIAMS, JNO. W. MILLER^ CHA8. B. MILLER. CAJ> Co. INVESTMENT CO. Thos. P. Miller & Co., BANKERS, (INCORPORATED.) BANKERS. MOBILE, ALABAMA. COR. OF WALL STREET AND BROADWAY Capital Stock - - $200,000. York. Special attention paid to collections, with prompt New NEW YORK, BOSTON, I'll 1 1. I DEL- remittances at current rates of exchange on day of payment. Transact a General Banking Business, Including I'lll V AND CHICAGO. Correspondents.—Genuan -American Bank, New the purchase and sale of STOCKS and BONDS for 31 & 33 PINE STREET, NEW YORK. York ; Louisiana National Hank, New Orleans ; Bank •of Liverpool, Liverpool. cash or on margin. MONEY CAREFULLY INVESTED for Capital- Guardians, Eire and Life Sell In vestment ists, Trustees of Estates, Bar and Secnrltlea. lusurauee Companies, Savings Hanks, Corporations Strictly conservative. Citizens' P. 0. BOX 8.647. and other investors. Bank LOANS OLAREFl'I.LY PLACED on Western A M. Kidder. C. W. McLillan, Jr. W. Trask. Farm Mortanges, at S.Oand 10 percent interest, and OF GEORGIA, on oholce business property in Cincinnati, Cleve- land, Indianapolis, Detroit. Chieago. St. Louis. Kan- ATLANTA, GEORGIA. sas City ami other large Western citiea. Current, H. F. Gilbert & Co., interest collected without charge- Loans carefully Bays and sells on commission all Georgia securi- ?laced also on Real Estate In the Cities of New ties. Collection* solicited. No. 16 Broad St. (near Wall', ork, Brooklyn, Jersey City Newark. Ac- Corresponds ' with and refers to American MUNICIPAL. DISTRICT SCHOOL. GAS AND Exchange National Bank. BANKERS AND STOCK BROKERS. WATER BONDS, RAILROAD and other CORPOR- Perijjo Brown, Pres't. W. H. Patterson. Cash'r. ATE BONDS negotiated. Defaulted Bonds ens. Stoc'-s bought and sold on the NEW YORK STOCK verted Into Interest-paying investments. Coupons margin of 3 C. F. PzHZZL, STATE BANK, I C. T. EXCHANGE on a percent. If desired ooiloctod J Wal»i to Counties. Towns President. (Incorporated ia75. Equal attention given to small and large Investments. TEMPORARY LOANS made j Cashier. taxes and other Any Information given | srsonally or by mall. First- and Cities In anticipation of class references. rowenues. Coupons paid for States. Counties, Towns, Cities, Railroad Companies, Ac. „_„_ «_ German Bank, WILL ACT AS STOCK TRANSFER AGENT fbr LITTLE ROCK, ARK. Railroad, Mining and other corporations, and also Alden Gaylord, as Trustee of Bondholders. . CAPITAL (Paid-in) $75,000. J. FINANCIAL NEGOTIATIONS conducted tot 33 Wall St., New York, ' cities, Rallrosd and other Sdrplds States. Counties -r ns. 25,000. DEALS* IN Corporations, a? d Lu'lvldusls. Prompt attention given to all business In our line. ST. LOI7IS CITY A COUNTY- BONDS John C. Short, President. AND ALL OLASBES or N. Y. CoaRtspo.iDi.TT8, Donnell. Lawsoo A Co. and INVESTMENT & MISCELLANEOUS SECURITIES Geo. W. DEBEVoreE, Vice-President. be Metropolitan National Bank. Refers by permission to W. S. Nichols * Co., Banners Wat. P. WAffSoN, Secretary and Treasurer. :
N THE CHRONICLE. fvoL. xxrx
Financial. Financial. Financial.
Wm. f. Owbns. Geo. A. Mekckk. UNION TRUST CO. Member. N. Y. Stock Exchange. Baltimore & Ohio RR. OP. NEW YORK, Owens & Mercer, COMPANY, No.' T3 Broadway, Cor. Hector St. BANKERS FORTV-YEAR SIXES, AND COMMISSION STOCK BROKERS, CAPITAL, - - -~T . - $1,000,000. 7 Exehauice Court and 52 Broadway. INTEREST PAYABLE IN NEW YORK. Interest allowed on deposits, to be drawn at will. HAS SPECIAL FACILITIES FOR ACTING AS Also, Contracts made and carried in New York Secured by Mortgage and P edge of Cotton and Produce Exchanges. We issue a Daily Transfer Agent and Letter which will be sent on application. the First mortgage Bonds or the Registrar of Stocks. Farkersburg Branch Railroad Co. Authorized by law to act aa Executor, Administra- Smith & Hannaman, tor, Guardian. Receiver, or Trustee, and Is a FOR SALE BY LEGAL DEPOSITORY FOR MONEY. INDIANAPOLIS, INDIANA, Interest allowed on Deposits, which may be made UIVSI.OW, LANIER iV CO., and withdrawn at any time. MAKE SAFE AND I'KOHI'T LOANS N. B.—Checks on this institution pass throuph the 26 NASSAU STREET, Clearing-Bouse. EDWARD KING, President. ON J. M. McLkan, 1st Vice-President. AUGUST BELMONT * CO., Wm. Whitkwbigut, 2d Vice President. REAL ESTATE SECURITY. EXECUTIVE COMMITTEE. 19 NA8S4U STREET. J. M. McLkan. Samuel Wii.lkts, Augustus sciikll, Wm. Whitewright, N. T. Beers, E. B. Wesley, Geo. Cabot Ward Jr., SECURITY BONDS B. G. Williams, C. D. Wood. ISSUED J. II. OGILVIE, Secretary. BROOKLYN SECURITIES, CITY BONDS, ON THE Gas Stocks, Sec, FIDKLITY The Brooklyn Trust Co. HAS REMOVED TO OF EMPLOYES GENERALLY BY THE Cor. of Montague & Clinton sts., Brooklyn, N. Y. No. I NEW STREET, Knickerbocker Casualty Insurance Co., This Company is authorized by special charier to May 1,1879. NEW YORK1 OFFICE 187 act as receiver, trustee, guardian, executor, or ad- BROADWAY. ministrator. WANTED. It can act as agent in the sale or management of Geo. H. Prentiss, real estate, collect Interest or dividends, receive Callaway Co., Mo.,9s. Lafayette Co., Mo.. 6s & 10s, registry and transfer books, or make purchase and Chariton Co., Mo., 8s, Mercer Co., Mo., 8s, sale of Government and other securities. Grundy Co., Mo., 8s, Pettis 24 BROAD 8TRSET. Co., Mo., 10s. Religious and charitable institutions, and persons Lincoln Co.. Mo., 10s, Johnson Co., Mo.. 10s, unaccustomed to the transaction of business, will Henry Co., Mo. ,7s & 10s, Buchanan Co,, Mo., 10s, And this Company a safe and convenient depository STOCK S Laclede Co.,Mo.,7s&K«, Sullivan Co., Mo.. 7s, for money. RIPLEY ROPES, President. GAS Vernon Co., Mo., 8s. Ralls Co., Mo., 10s. CHA8. R. MARVIN, Vice-Pres't. St. Clair Co., Mo., 10s, Platte Co.. Mo.. 10s, Edgar M. Cullen, Counsel. A SPECIALTY. Cass Co., Mo., 10s, Pike Co., Mo.. 10s, TRUSTEES Howard Co., Mo., 8s, Daviess Co., Mo.. 7s, Win. B. Kendall, Henry Sanger, Alex. McCue. Securities Sold Jackson Co., Mo.. 8s, Cole Co., Mo., 10s, John P. Knife, Chas.B. Marvin. A A. Low. Brooklyn Bought and Cooper Co., Mo., 10s, Jasper Co., Mo., 8s, Thomas Sullivan, A»
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL. 29. SATURDAY, SEPTEMBER 20, 1879. NO. 743.
C O NT E N TS of it in new stock (that is six shares for every hundred THK CHRONICLE. shares), provided he also pays for and takes at par Speculative Movements 287 Latent Monetary and Commercial two Iikthm' in the Growth of Wheat Enalish News TOO hundred dollars of the company's new bonds. In other in the United States 288 Commercial and Miscellaneous Secrecy in Corporate Management 28A News 292 words, the buyer paid Ff per cent for the privilege of
Cotton '-Shedding" , ... 289 THK BANKERS' GAZETTE. getting 6 per cent of a new stock, which carries with it the necessity. of paying two p<*r cent additional in cash Railway Stocks, Foreign Ex- | Investments, and State, City and change, N. Y. City Banks, etc.. £94 Corporation Finances for | 299 the company's new bonds, neither of which new Quotations of Stocks and Bonds . 297 I THK COMMERCIAL TIMES. securities, to say the least, has any market value as yet Commercial Epitome 8i'4 Dry Goods | 809 Some persons appear to thiuk that anything is worth the. Cotton 304 Imports. Export* and Receipts,.. 310 Breadstuff* 308 Prices Current I 311 money if it only sells at a very low price. In our haste to catch on the train that is under such headway in Walj 3?lXJC (§\XXQVLXt\t. street, is there not a chance of our getting under the The Commercial and Financial Chronicle is itsued on Satur- wheels ? day morning, with the latest news up to midnight of Friday. Commercial matters, also, are making such rapid TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE: strides that one cannot but fear lest For One Year, (including postage) $10 20. we may overreach ForSix Months do 6 10. ourselves a little in our haste to get rich. The iron Annual subscription iu London (including postage) £2 6s. Sixmos. ao do do 1 7s. trade we drew attention to two week's since. Prices Subscriptions will he continued until ordered stopped by a written order, or at the publication office. The Publishers cannot be responsible for Remittances have gone up about one hundred per cent, and are still unless made by Drafts or P.st-Offlce Money Orders. London Oftlre. rising. This we<-k the spirit of the times has got possession The London office of the Chronicle is at No. 5 Austin Friari, Old Broad Street, where subscriptions will be taken at the prices above named. of the bread-auffs market, and has pushed up quotations Advertisements. everywhere without any apparent basis for an advance. Transient advertisements are published at 35 cents per line for each insertion, but when drflnite orders are given for five, or more, insertions, a liberal dis- On Thursday No. 2 red winter wheat reached |1 19, count is made. Special Notices In Banking and Financial column 60 cents p r line, each insertion. against ll 07 the same time last year; No. 1 white was William B. iu»i, I WILLIAM B. DANA & OO. Publishers, JOHN o. FLOTD, JR. f 79 & 81 William street, NEW" YORK. $1 22, against $1 12 last year, and No. 2 spring was Post Office Box 4592. $1 12, against $1 06 last year; and yet the leading facta A neat file-cover is ty furnished st 50 cents; postage on the same is 18 respecting cents. Volumes bound for s ib'cribers or. $1 20. the prospective supply and demand are IW For a complete set of the Commercial and Financial Chronicle— July, lSH.-. to date—or of Hunt's much the same now as they were at this time a year Merchants' Magazine. 133D to 1»7I, inquire* at tn>- office ago. To be sure, the wants of foreign count ries SPECULA TIVE MO VEMEN TS. promise to exceed all precedent, but so does our surplus The general exhilaration pervading all classes and for export. The truth is, the American crop of bo h markets after the long.depression we have passed through, spring and winter wheat is larger and of better quality is a very natural reaction. In many cases prices had than in 1878; the present visible supply is larger and been unduly depressed, and in others, changed circum- has rapidly increased since the first of September; and stances had given old properties a new value. The latter the advance has, for the time at least, materially checked of these conditions applies to very many of our railroad the export movement; These facts are all lost sight of stocks and bonds, and the former to our commercial for the mement, and nothing is heard of but the markets. deficiency in the west of Europe, with most alarming
To a considerable extent therefore, what is called statements and estimates flying over by cable daily. the speculation on our Stock Exchange is legiti- The prudent man cannot, however, shut his eyes to the mate. Railroads that were in advance of the country'* true conditions, nor forget that legitimate influences will wants in 1873 have now become the possessors of a large iti the end assort themselves. Our low prices give us the and increasing business. They can to-day earn and pay command of the markets of the world; higher prices charges and dividends, where barely running expenses with such a surplus on hand may change the situation to were secured after the panic. In the general speculative our disadvantage. movement, however, it is surprising to see how lit- The improvement this week in the petroleum trade tle discrimination the buying public frequently is also of interest in this connection. There are various shows. For instance, we observed on Tuesday of this causes to which the better state of affairs has bt en attrib- week that the stock of one road which is now in process uted, hut those more generally accepted, point to the of reorganization sold at Bj- oents. The value of the withdrawal by refiners of their stocks from the market. Block consists in the fact that the new organization pio Tiiis, it is said, created a nervousness among the "short" po«:8 to give the holder the right to have six per cm, ' Merest, particularly »mong exporters-; and the stimulus 288 THE CHRONICLE. [Vol. XXIX.
thus imparted found a response in the cable advices from of our Produce Exchange. For more than twenty years
Europe; the Antwerp market was advanced f franc; Bre- No. 2 spring was the leading grade of wheat offered on our men showed a rise of 25 marks, and London reported £d. market. For two or three seasons, including the presenti higher and was marked by a feeling of extreme strength. it has held a second and even a third position—No. Notice of liberal orders came to hand, and on Wednes- 2 red winter holding the first and No. 1 white the second.
day refiners experienced but little difficulty in advancing Furthermore, this enlarged winter-wheat culture is also the price of their product to 7c. per gallon, whereas 6£c. seen in the fact that the comparatively poor crop of was the current figure of a week ago; since then the spring wheat last year did not prevent a decided increase excitement has subsided and a feeling of indifference has in wheat exports at low prices. The question arises, again set in. The real facts are that the exports up to therefore, why is there such revival in the growth of
this period are fully one million barrels more than at the winter wheat east of the Mississippi ? We think it must Fame time in 1878, but the production has been equally be accounted for on the supposition that lands exhausted on the increase. For instance, in January the average by over-cropping, or other improper culture, have, after daily flow at the wells was 43,500 bbls.; this has been lying idle for years, or devoted to other crops, recovered increased until the average thus far for this month is their wheat-growing qualities. Their owners may remem- fully 60,000 bbls. per diem. Then again, at the last ber the lesson of the past and not again over-tax them, compilation of stocks (August 29), in the six principal but in large sections this is hardly probable and their Continental ports it was shown that the total supply second exhaustion may not be far distant. was 1,367,071 bbls., against 1,221,436 bbls. at the same Under these circumstances, the extension of the period in 1878. These facts would, under ordinary growth of spring wheat in the Northwest becomes a circumstances, be considered unfavorable to a further matter of grave importance, and it is satisfactory to improvement in values. know that it is being pushed with the greatest rapidity Is not the conclusion to be drawn from all this that along the lines of the lateral roads of the Chicago & we may go too fast ? The tendency of too high prices Northwestern and the Milwaukee & St. Paul railroads, is to decrease exports and increase imports. Many think and along the Northern Pacific Railroad. The valley of that with the great mass of currency outstanding in this the Red River of the North is undoubtedly one of the country—over 1,000 millions—we cannot expect any finest wheat-growing regions of the world, and it other conclusion than a quick, short race, with the promises, at no distant day, to add vastly to our surplus inevitable result at the end. for export.
A feature of the present time is that this culture is
INCREASE IN THE GROWTH OF WHEAT IN being developed under entirely new auspices, that is, under THE UNITED STATES. a new system. It is no longer left to the small farmer The increase in the growth of wheat within the limits taking up 160 acres of land, building a log cabin and of the United States, during the past three or four struggling to secure himself a home. Organized capital
years, was not less important to us than fortunate for is being employed in the work, with all the advantages the populations of the west of Europe. But for such which organization implies. Companies and partner- increase, and the surplus which we have in consequence ships are formed for the cultivation precisely as they are been able to spare at low values, famine would have for building railroads, manufactories, &c, and some
> threatened millions of people, with its direct results, of the wheat fields of the Northwest are miles in extent. not only in physical suffering, but in its disturbing The following figures were prepared for the prospectus
• effect upon government and social order. of a partnership of this kind, to cultivate three square It is not many years since the exports of wheat and miles, or 1,920 acres. We give them simply to illustrate flour from the Atlantic ports, to the extent of half or how this business is being carried on, and what induce-
three-fourths of a million bushels per week, were ments there are to enter upon it. Of course the first year
Tegarded as a most satisfactory movement, and when is one of outlay alone, no credit; it requires four years to they swelled to a million bushels it was looked upon as show the real result reached.
i something extraordinary. And yet, for the year ending ACCOUNT CURRENT IN CULTIVATING 1,920 ACRES OP WHEAT FOUR, YEARS. the first of September, 1878, the exports exceeded one FIRST YEAR. SECOND TEAR. •hundred million bushels, or nearly two million bushels Dr. Dr. acre. Seed wheat per week; and for the year just closed the exports were 1 ,280 acrcH land, $5 p. $0,400 $1,500 30 horses, $100 each 3,000 640 acres more land 3,200 harness. each. 300 15 hands 6 months 1,800 -a hundred and forty million bushels, or but little less 15 Bets $20 10 plows, $25 each 250 Board of hands 780 than three million bushels per week. These figures 10 harrows, $15 each 150 Board of horses ; 1,000 10 hands, 6 mos.,$20 p.mo. 1,200 Extrahelp 300 include, of course, the exports of flour reduced to wheat, Bourdof hands 520 10 harvesters and binders. 2,500 Board of horses 1,560 lOseeders 500 but do not include the Pacific Coast. 1 mower 75 5 plows 50 2 wagons 150 Repairs 150 It may not be generally known that this increase in 1 spring wagon and harness 150 Foreman 300 Houses and sheds 1,500 Steam thresher 1,500 the growth of wheat is due not alone to the extension of Extra horses, tools, &c 500 Foreman -... 300 Total $13,580 the regions devoted to its culture, but also and very Total $16,055 Or. largely to the revival of fertility in old wheat-growing Cr. 1,280 acres wheat, 15 bush. 1,280 acres of laud broken up and to acre, 80c. per bush $15,360 districts. The progress of emigration has been to the ready for seeding the following And 640 acres additional land ready for seeding. West and Southwest, as well as to the Northwest, and spring. THIRD YEAR. FOURTH YEAR. in all these sections the culture of wheat has been Dr. •Dr- wheat $2,500 actively prosecuted. But in neither instance has the Seed wheat $2,500 Seed Hands and their board 2,800 Hands and board 2,800 result been so extraordinary as the revival of the growth Extrahelp 1,000 Extrahelp 1,000 8 additional wagons 600 Foreman 300 500 of winter wheat east of the Mississippi, in the States of 6 additional harvesters 1,500 Taxes 10 additional seoders 500 Repairs 500 Michigan, Ohio, Indiana, in the Ohio Valley, the Foreman 300 Repairs 200 Total $7,600 Virginias, «fcc; and nowhere west of the Mississippi Taxes 200 Interest, 3 years at 7 p. ot. . 2,500 is there such an increase of yield as in the comparatively Total $12,100 old State of Missouri. The effect ot this enlarged growth Cr. 1,920 acres wheat, 15 bush, Or. of winter is seen in wheat the modification in the business per acre, 80c. per bush. . .$23,040 Wheat raised ....$23,040 —
September 20, 1879.J THE CHRONICLE. L'S«>
A recapitulation of the four years' results may be legal pleadings as " information and belief " or upon stated as follows: mere hearsay and general impression. Expentet. Proettdt. Clearly nobody except the managers can profit by First voar $16,055 $ Ki-ri.iiil voiir 13,580 15,360 this concealment. They can declare dividends or TWrdyJS? 18400 88,040 Fourth year 7,000 23,010 reduce them or pass them; can make leases and guaran-
Total $40,335 $51,440 tees or repudiate them; can start rumors or deny them; they can know the facts in advance, because they This shows a profit of nearly two thousand dollars, make the facts. Perhaps they do not speculate in the besides the land and equipments, which may be safely road's securities. In the absence of proof we do not valued at forty thousand dollars. We do not, of assert it in any case; but if, with everything in their course, adopt these estimates, though on their face favor, they do not do so it is a marvel indeed. Auto- they appear in the main reasonable. We give cratic secrecy tends to make them speculators and them simply to show that the culture of wheat thus to put out of sight what ought to be first is to be pushed under such circumstances, in the welfare of the property itself. On the other such varieties of climate, soil and conditions, and hand, consciousness of direct and frequent accounta- with such advantages from organization and capital, bility is itself conservative; the man who is thinking that a serious deficiency in the crop, such as has about the account he must make soon " goes slow," compelled us twice within fifty years to import wheat whereas our commercial experience has shown in from Europe, may be accepted as effectively guarded a thousand instances that the man who is practically left against. Of course, the estimates, both of cost and unchecked in charge of a trust is apt to take risks and proceeds, are only claimed to be approximate and may get into trouble. be greatly modified by experience, but this does not It seems like demonstrating the moral law, to be alter the fact that they are the basis of operations to a urging this ; and we have often urged it before. large extent and promise the most, important results. Doubtless, everybody who read it admitted it fully ; everybody knew it before, and even railroad managers IN CORPORATE MANAGEMENT. SECRECY would never deny it although they ignore it. Of course,
Last week we gave our usual monthly schedule of the thing chiefly needed is a detailed and uniform sys- railroad earnings, including every fact we were able to tem of accounts. Receipts and working expenses gather by dint of all the perseverance and persuasiveness should be reported monthly. Accounts must be de- in our power. It was fragmentary and without uniform- tailed, not " lumped," and items must not be concealed ity, as it always is. About twenty roads, only one or two in unseparated totals. They must be uniform from of them among the largest, furnish promptly a monthly year to year, or comparison is impossible. Bat
statement; some of the principal lines communicate there is no use to hammer at the subject with any hope nothing, while those trunk lines that do report give gen- of voluntary action by the companies. Rightly or not, erally little more than gross earnings up to varying recent each manager fails to see any advantage in publicity,
dates. It may be that this desultory and piecemeal and would regard any exceptional advance in it on his information is at times misleading rather than helpful; part as an exposure to his competitors; he will not show it is certainly very provoking, especially now that the " cards" he holds while others conceal theirs, and so reviving business and new leases and combinations make the evil will never remedy itself. Law must reach it, if of a reasonable knowledge of the revenue the roads par- it is ever reached ; and the example set by one or two ticularly desirable. leading States would probably be quickly followed. We have often called attention to this subject, and do What is the pending railroad investigation likely to be it again now not because we have anything new to say, good for, after all its stirring up of troubled waters, if
but with the hope that, while increased interest is being it cannot lead to so much as this ? Bear in mind that felt in railroad management and railroad responsibility this reform would break up the rule of autocratic secrecy to the public, this feature or defect in management will and establish a precedent, so that the other steps wonld receive the attention it deserves. As the practice now be easy. This is really the great vice—the vice pro- is, whatever Information is furnished is yielded as a con- ductive of other vices—in our corporate management, cession rather than rendered up as a right. Even if the and it is the one upon which all the pressure for reform* directors of each road were the exclusive owners, there may wisely be concentrated. would still be a right existing, based upon the relations of railroads to the public, to know regularly and promptly COTTON "SHEDDING." all that is now made known irregularly and out of date; Every year, in August and early in September, this, because railroads are so intimately connected with receive numberless reports of the destruction of cotton all other interests that when we secure their compara- crops by shedding. One correspondent writes last week tive earnings, we gain a general insight into business that the ground is literally covered with half-ripe bolls progress. We are all of us, in a figurative and limited and squares; another, that .he expected a bale to an acre sense, partners with the railroads, having contributed to last month, but now it looks as if he would not gather a. the common stock certain capital of concessions, at the bale to four acres; another is sure, for the same reason, outset, and acquiring in return some rights of participa- he will not secure enough to pay the advances of his tion and control. That these rights have been practi- grocer. We see also that the Agricultural Department cally not enforced, and that they are neither recognized attributes much of its decline in condition to the by the roads nor generally insisted upon by the public, " shedding of bolls," and so it does on every 1st of
neither waives nor diminishes them. One of them is this September. very right to know what is going on. This, we say, would While we would not underestimate the ill effects ef be true if stocks and bonds were solely owned by direc- drought or any other adverse influence upon a poorry- fruit, it is scarcely tors ; but how much truer is it when the general public are rooted plant, in making it drop its asked to own and do own these largely. They acquire or wise to be much scared by these annually-recurriDg com;
part with this ownership now upon what is known in plaints, if it is known that the crop secured a good Up> .. — :
290 THE CHRONICLE. [Vol. XXIX.
Toot in the start. Aa we have often said before, every per cent is now about the rate charged. In a few weeks, the healthy full-bearing tree or plant always sheds much of autumnal demand for money will have commenced, and although there is no reason for believing in any unusual pres- its fruit; it could not ripen all, so it drops a large part sure, it is expected that the requirements of merchants will be to the benefit of what is left. For instance, our aufliciently large to ensure a steady market. This week's Bank correspondent at Oakley, Arkansas, writes us this week return shows that the Bank of England has been transacting a making complaint, among other things, of this same large discount business, there being an increase of nearly £680,- " "shedding of squares and bolls," but encloses a scrap 000 in other securities." It would be important to know if this increase is due to loans cut from the local paper which will illustrate our mean- or to discounts; but, unfortunately, the Bank of England affords no information on this point, and ing in what we have said above. it is a matter much to be regretted, more especially as the Mr. W. S. Jarrette, one of the best young farmers in this country would be glad to be able to trace the country, brought to town last Saturday a stalk of cotton of the improvement in the prolific variety, which had on it 164 bolls, and 137 blooms and money market, such as it is, to a demand for accommoda- squares, making in all 301 forms. We wouldn't be surprised if tion for strictly commercial purposes. Unfortunately, the Scrap brings in the first bale of cotton again this fall. increased value of money which has been established in the Who believes that plant will raise a full pound of cot- " outside" market seems to be entirely due to the bad weather, ton, and yet it has on it enough bolls and squares for the large purchases of grain, and to a little activity in the gold such a yield. It must inevitably drop the larger portion market, caused principally by the tightness of money in New York. The progress of trade is slow. Very little business is of its fruit, so as to be able to mature the remainder. done which can be regarded as in any way speculative, and, in many In this connection, we would remind our readers that cases, export transactions have only been concluded on the it takes a smaller number of bolls to each to raise stalk, basis of low and unremunerative prices. Wages —in consequence a good crop of cotton, than many imagine. Suppose the of the low rates at which manufacturers are compelled to sell plants in a field were regularly started, with one plant their goods—continue to fall, and the reduction, compared with to each three square feet; as there are 43,560 square the period when wages were high, now amounts to as much as 30 per cent in many cases. At the present time there is no feet in one acre, there would be 14,520 plants to the hope of improvement; but food remains cheap, so that the acre, and if there were only nine boils to the plant, hardships of the operative classes are mitigated considerably. in that even case the total bolls would reach 130,680, Apart from the increase in "other securities," the Bank which, divided by 300 (the number usually required for statement does not exhibit changes of any importance. The one pound), gives 435 pounds, or about a bale to the note circulation has increased, owing partly, no doubt, to the acre. No one, therefore, need be much alarmed by the requirements of tourists, the holiday season being now at its height. The falling off in the supply of bullion is less than had shedding of the cotton plant, if well rooted in the been expected, and the reduction in the total reserve amounts spring, for in that case it will generally retain all the to £603,946. The proportion of reserve to liabilities is now fruit it can ripen, and that will be enough to make a 58'1S per cent, against 58'78 per cent last week. good crop. As stated above, money has been easier during the last few days, and the rates of discount are now as follows: Per cent. Open-market rates— Per cent. Bankrate 2 4 months' bank bills 1%®1^3 Open-market rates 6 months' bank bills 15g®l% BATES OF EXCHANGE AT LONDON AND ON LONDON 30 and 60 days' bills I 1* 4 & 6 mouths' trade bills. 2 ®2Hi AT LATEST DATES. 3 mouths' bills l^a-iss The rates of interest allowed by the joint-stock banks and EXCHANGE AT LONDON— discount houses for deposits are as follows : September 5. EXCHANGE ON LONDON. Per cent. Latest Joint-stock banks Ha On- Time. Rate. Date. Time. Bate. Discouut houses at call % do with 7 and 14 days' notice ol withdrawal % Annexed is a statement showing the present position of Amsterdam Short. l2-2>4 ®12-3% Sept. 4 Short. 1210 the Amsterdam 3 mos. 12-4J4 ®12-4% Bank of England, the Bank rate of discount, the price of con- Antwerp •* 2.V52%®25-57% Sept. 4 Short. 25-39 25-31i4®25-41i4 sols, the average quotation for English Paris Short. Sept. 4 25-34 Hi wheat, the price of 3 mos. " 25-47H>®25-52>2 Middling Upland cotton, of No. 40 mule twist, fair second quality, Hamburg . . 20-02 32066 Berlin «* 20-62 ®2066 Sept. 4 Short. 20-49 and the Bankers' Clearing House Return, compared " with the Frankfort . . 20-62 ®20-66 8t.Petersb'rg " 2!38a21ia Sept. 2 3 mos. 25ia three previous years Copenhagen •' 18-47 318-50 1879. 1878. 1877. 1876. " Vienna 11-95 012.00 Sept. 4 3 mos. 11800 Circulation, including £ £ a, £ Madrid " 463834658 Sept. 2 « 47-45 bank post bills 29,248,569 27,596.965 28.585,693 28,620.813 Cadiz " 46%®46% Public deposits 4.613,236 3,436,435 4,315,084 5,974,133 Lisbon 90 days 51'8 352i8 Other deposits 30,671 ,722 20,968,504 22,716,354 28,003,701 Genoa 3 mos. 28-70 ®28-75 Sept. 4 3 mos. 28-25 Goveruni't securities. 15,530.087 13,446,540 14,374,568 15,260,463 New York... Sept. 4 Short. 4-82 Other securities 17,612,3 17 19.212,452 19,601,321 16,401,132 Bombay .... 30 days ls.8d. Sept. 4 6 mos. Is. 8d. Kes've of notes & coin 20,701,564 10,301,037 11,722,513 20,887,251 M Calcutta .... Is. 8d. Sept. 4 « Is. 8d. Coin and bullion In i. both departments . . 34,658,081 22,610,272 Hong Kong . .... Sept. 2 3s. 8»8d. 24,882,148 34,167,242 Shanghai .... Sept. 2 tt 5s. Id. Proportion of reserve toliabUities 5818 41-61 42-69 60-97 Bankrate 2 p. c. 5 p. c. 3 p. c. 2 p. c. Consols 97% g-tSg 95>4 955g
I From our own correspondents Eng. wheat, av. price. 48s. Id. 45s. 8d. 62s. 5d. 45s. lid. Mid. Upland cotton ... 6 %d. 6d. 5l5, d. 6%d. London, Saturday, September 1879. 6 6, No. 40 mule twist 9%d. lOd. 10%d. lOHid. The weather during the last ten days has been bright and Clearing-Housereturnl02,809,O00 119,123,000 116,391.000 105,149,000 dry, but the temperature at night is quite autumnal, and in There was a fair demand for gold for exportation in the early some localities the thermometer, when placed on the grass, has part of the week, but it has since subsided, and a few parcela fallen to freezing point. A large quantity of wheat has been have been sent into the Bank from Paris. The silver market cut, and, should the weather continue fine, a considerable pro- has been weaker, and the value of fine bars does not exceed portion will soon be stacked. The crop is, of course, a very 51 %d. per ounce. Mexican dollars have declined to SOJgd. per small one, but the quality is better than had been expected. ounce. The India Council drafts were disposed of on Wednes- The somewhat improved prospect and the tendency for wheat day at Is. 7%d. the rupee. The following prices of bullion are to decline in price have had their influence on the money mar- from Messrs. Pixley & Abell's circular: GOLD B. d. a. d. ket, which, last during the few days, has been decidedly easier. Bar gold, fine per oz. standard. 77 9 9 The demaud for gold for exportation has not only subsided, but Bar gold, reflnable per oz. standard. 77 10%® Spanish doubloons per oz. 73 9 ® the Continental exchanges are more in our favor, and gold is South American doubloons per oz. 73 8%® United States gold coin peroz. 76 3%® 76 6 being daily received from Paris. The supply of mercantile German gold coin per oz. 76 3>4® bills in the market is very limited, and capitalists have shown a SILVER. d. d. Bar silver, fine per oz. standard. 513s ® renewed disposition to lend freely on good security. It is not Bar silver, contain'g 5 grs. gold per oz. standard. 51% ® silver peroz. ® .... expected that ,we shall again see rates of discount so Cake 557i 8 easy as % Mexican dollars peroz. 50% ® 7 and /a per ceat, but some relapse has already taken place from Chilian dollars peroz. 50 ® .... Quicksilver, £6 5s. Od. Discount, 3 per cent. the quotation of 1% to 1^ per cent -at which choice three- Subjoined are the current rates of discount at the principal months' bills were taken in the early part of the week, and 1% foreign centres: . . ;
September 20, 187C] THE CHRONICLE. 291
Bnnk Oi>en Bank Open Redm. Sept. 6. rate. market. rate. market. Illinois A St. Louis Bridge 1st mort, 7« Pr. ct. Tr. et. Pr. et. Pr. ot 1000 89 9 91 7 Do 2d mort., 7s 40 9 42 St. Petersburg ... . Paris 2 l%ai e 6 6\ Illinois Central sinking fund, IT,s 1903 103 'J'-iw/J'-j Vienna -I •! I 9106 Brussels 2% & Trieste. 4% 'i » '; Do Cudlz «• 1895 114 »116 Amsterdam 3% 3>4a)3% Madrid, A Do 5s Berlin Barcelona 4 1905 102 8104 4 2%a>2»s 95 Illinois Missouri Texas 2>4i*2% Lisbon A Oporto. 5 A 1st mort., 7s 1891 9 Hamburg 4 Lehigh Valley cousol. mort., " A," Frankfort 4 238®2S» Calcutta 6 6s ibs wiOT lioulsvlllo 4 Nashville, 6s : '• 1902 101 9103 Leipzig 4 2%<»2 lt Copenhagen 4 9illI 'j 4 « I % Memphis * Ohio 1st mort., 7s Genoa 4 3 93% Now York 5 96 i.1901 111 9113 Milwaukee & St. Paul 1st mort., 7s Geneva 3 3 1902 112 •Bill N. Y. & Can. Railway, (.s,(guar. by Del.* Hud. Canal) 1904 95 9 97 On the Stock Exchange, business has been very qniet, and N. Y. Central & Hudson River mort. bonds, Os 1903 114 4110 Northern Central Hallway consolidated mort., 68 1901 93 9 94 restricted, owing, in a great measure, to the absence of many Panama gonoral mortgage, 7s 1897 114 9110 Paris * Decatur 1892 of the leading dealers. The fine weather and easy money » Pennsylvania general mortgage, 6s 1910 115 9117 market have, however, cansed the tone to be good, and the Do consolidated sinking fund mort. 6s 1905 107%®108% Perklom. oon. M., June, 1873, guur. by Phil.. Ac., 6s. 1913 .. 9 majority of changes have been favorable. There has been con- Do x3ys. fnd. cps. Dec. '77toJn.'80, bothlu 65 9 70 Do scrip Issued for funded coup., "77 siderable movement in Erie shares during the last few days, in to '80 9 Philadelphia A Erie 1st mort.Os, guar, by Penn. RR.1881 103 9105 consequence of the buoyancy of the New York market. Do 6s, with option to be paid in Phil 103 9105 Do gen. mort,0s,guar.by Penn. RR.1920 102 following are the closing prices 9104 The of consols and the prin- Philadelphia A Reading gen. cousol. mort, 6s 1911 105 a 107 cipal American securities: Do improvement mortgage, 6s 1897 93 9 95 Do gen. mort. '74 ex def. cps., 6s 71%9 72«g Redm. Sept. 6. Do scrip for the 6 deferred % coups 80 9 85 Consols 97"g® 97% Pitts. AConnclls. con. mort, 6s, guar, by I!.*0. Co 103 9105 United States 6s 1881 106%®107% Kouth A North Alabama bonds, Os 97 9 99 Do funded 5* 1881 105M®105% Tunnel Railroad of St Louis, $100 shares 60 9 65 Do funded, 4%s 1891 107%®108% Union Pacific Railway, 88, Omaha I fridge 1890 117 9119 Do funded, 48 1907 104%®105 14 United New Jersey Railway A Canal, 6s 1894 111 9113 Louisiana Old, <(s. 9 Do do do 6s 1901 112 9114 Do New, 6s 9 Do Levee, 8s 9 Do do 8s 1875 42 9 52 The New Plymouth (New Zealand) Harbor Board are offering Do do 6s 42 9 52 for sale £200,000 in debentures Massachusetts 5s 1888 105 9107 to bearer. Do 5s 1894 109 9111 Since the middle of last week there have been numerous Do 5s 1900 109 9111 inquiries for steam to Do 5s i 1889 105 9107 tonnage load iron from several ports of Do 5s 1891 107 9109 Great Britain for the United States. The freight offered is Do 5s 1895 108 ®110 Virginia stock 5s 25 9 30 low; but it is calculated that o *ners will be disposed to enter Do 6s 27 9 30 Do NewfundedOs 1905 60 ® 61 upon business on the terms offered, in preference to sending AMERICAN DOLLAR BONDS AND SHARES. their boat? out in ballast, which many of them have been
Alabama Great Southern, 1st mortgage 1903 91 o> 96 obliged to do for the past two months. The position of the Albany A Susquehanna cons, 1st inort. 7s, Nos. 501 enormous fleet of large cargo to to 1,600 inc -lusive, guar, by Del. A Hudson Canal.. 1906 111 9113 boats belonging Great Britain Atlantic A Great Western 1st mort., $1,000, 7s 1902 .... ©.... at this moment is quite unprecedented in the history of iron Do 2d mort., $1,000, 7s 1902 Do 3d mort., $1,000 1902 steam shipping. In ordinary times, in the view of an unfavorable Do let mort. Trustees' certificates 34 ® 36 harvest at home, there used large Do 2d do do 1J%® 13% to be a speculative demand Do 3d do do 5%® 6*2 for corn, and freights for iron steamers jumped up at a bound. Atlantic Mississippi & Ohio, con. mort., 7s 1905 52 9 51 Do Committee of Bondholders' ctfs 52 9 54 This, year it is just the very reverse. Business has been and Baltimore* Potomac (Main Line) 1st mort, 6s 1911 103 31105 remains miserably flat in Cronstadt and the Baltic ports, in the Do (Tunnel) 1st mort., 6s, (guar, by Pennsylvania* No. Cent. Railways) '.1911 102 9104 Black Sea, the Danube, and at Alexandria. Freights from the Burl. Cedar Rap. A No. RR. of Iowa 1st mort 85 ® 90 Canada Southern 1st mort. new issue, guaranteed for United States made an advance about a month ago; boats, how- 20 years from 1 N. 878 by Y. Central, 3s 1908 85 9 90 ever, rapidly crossed the Atlantic to take up the business which Central of New Jersey $100 shares 52 ® 54 Do Cons, mort., 7s, with Oct,'79 ep.1899 101 9103 was offering. The market soon became overstocked on the Do Adjustment bonds, 7s 1903 105 9107 Do Income bonds, 7s 1908 74 9 76 other side, and sales have been weakening over the last fort- Central Pacific of Cal., 1st mortgage, 6s 1896 112%®113% night. The shipments of corn from the United States have Do Cal. & Oregon div., 1st M.,gold bonds, 68.1892 103 @105 Do Land grant bonds, 6s 1890 107 9109 been a little checked lately on account of difference in the Chicago Bur. & Quiucy, sinking fund bonds, 5s 101 9103 exchanges; but they are very large. Last year the principal Ckic.St.L.AN.O., 2d M. $10,000 red.ann. by Ill.C, 69.1907 55 ® 60 Delaware & Hudson Canal mortgage bonds, 7s 110 ®112 continental port taking American grain and produce was Havre Detroit Grand Haven A Milw. equipment bonds. 6s. 1918 103 ®105 Do do Cons. M., 5 p. c. till '84, after 6.1918 85 9 87 this year it is Antwerp. The Tyne and West Hartlepool are Erie $100 shares .9. coming forward as ports of delivery for American produce; but Do Recons. Trustees' assessment $6 paid 29 9 31 Do do $lpaid 27 9 27% there are great difficulties lying in the way of importation of Do Preference shares, 7s Do Recons. Trustees assessment, $3 paid 52 9 54 American cattle into the northeastern ports, through the obli- Do do ". $2 paid 51 ® 53 gation, which is binding upon the shippers, that the beast must Galveston & Harrisburg, 1st mortgage, 6s 1911 96 9 98 Illinois Central $100 shares 89%® be killed at the port of delivery. The bad distribution of cargo Do 90% Bonds, 1st mort. , (is, Chic. A Springf . 1 898 109 ffilll steamers comparatively rule Lehigli Valley, consolidated mortgage, 6s 1923 108 9110 and the low rate of freights which Marietta September 20, 1879.J THE CHRONICLE. 293 specie) from the port of New York to foreign ports for the issued in 1872, payable in twenty years. There is sii months? week ending Sept. 16: interest due upon them. Mr. Leggett said to a New York EXPORTS FROM NEW YORK FOR THE WEEK. Timet reporter that he understood that the suit had been 1876. 1877. 1878. 1870. brought to secure not only the interest, but the principal, the For the week.... $4,870,524 $6,551,589 $7,799,510 $7,627,576 ground taken by the suitors being that the default in the pay- Prev. reported.. 181,730,099 188,806,032 239.036,734 227,278,903 ment of the interest made the principal due. He understood that City Attorney Chetwood had put in an answer, Tot. s'ce Jan. 1.. $186,606,623 $195,357,621 $246,836,294 $234,906,481 and he had been told that Judge Nixon had set the answer aside as frivo- The following will show the exports of specie from the port lous, and had judgment entered. Mr. Leggett understood that of New York for the week ending Sept. 13, 1879, and also a the judgment was for the $129,000 and the interest. comparison of the total since January 1, 1879 with the corre- An execution was placed in the hands of a U. S. Marshal, sponding totals for several previous years: but it could not be learned whether the judgment in the United Sept. States Court authorized methods of collection which the State Str. London Eng. silv. coin. 11— Frisla $3,900 courts do not recognize. The city authorities claim that Paris Am. silv. bare. 6,200 none city property 13—Str. Oder London Am. silv. bare. 50,000 of the can be touched. It is all actually needed 13—Str. Germanic Liverpool Mox. silv. dols. 17,600 by the city government, and for the protection of life and prop- erty within the city limits, and, therefore, it is said, it is Total for tlie week sliver, and • gold) .... $77,700 ($77,700 exempt from execution. Previously reported ($10,235,282 silv., and $1,947,038 gold). 12,182,320 Northern Pacific.—The New Northwest, which is considered Tot. since Jan.1,'79 ($10,312,982 silv., and $1,947,038 gold).$12,260,020 an organ of the Northern Pacific 1 tail road Company, said, in time in— Same time in— Same time in— " Same the August issue : At the time of our going to press the $42,571,626 1870 $48,764,812 1878 $10,458,525 1874 Northern Pacific Railroad track 1877 23,152,955 1873 41,741,873 1869 25,587,186 had been laid about twenty- 1876 40.068,406 1872 57.568,178 1868 65,«98,944 five miles from the Missouri River west, and was being pushed 1875 62,793,572 1871 55,218,501 1867 41,494,472 forward rapidly. The graders are thickly at work, and will complete the first The imports of specie at this port for the same periods have seventy-five miles this month. There is now that been as follows: no doubt Walker Bellow & Co. will finish their contract for 100 miles within the stipulated time, which Sept. was the 1st of 8—Brig Tula Belize Am. silver $3,320 November." * * * * " The westerly end of the Am. gold 205 Missouri Division, from the end of Walker & Bellows' 100 mile Foreign sliver. 180 contract to the Yellowstone, is being definitely located, with Gold dust 280 a 8—Str. Genuauie Liverpool Am. gold 944,736 view to putting it under contract some time in October. One Foreign gold... 35,000 party of engineers is now engaged in this work, running west, Gold oars 929,514 somewhere about the valley of the Little Missouri River. 8— Str. Bermuda ...» Hamilton Foreign gold... 13,186 Anothor party is on the to 8—Str. C. of New York..V. Cruz& Havana.. Am. silver 2,950 way the Yellowstone, to commence Am. gold 4,591 locating eastward. When these two parties meet, the balance Foreign silver. 94,289 of the Missouri Division, being something over 100 miles, will Foreign gold... 165,429 be ready for letting. On the Pend d'Oreille Division several 8—Str. C. of Montreal . .Liverpool Foreign gold... 150,000 Gold bars. 132,257 parties of engineers have been actively engaged during the 8—Str. Santo Domingo... St. Domingo Ain. silver. 36,484 season in examining and surveying the various routes proposed. Am. gold 950 The results of these surveys will be submitted at the Augnst Foreign silver. 185 10- Str. Weser Bremen Am. gold 242,254 meeting of the directors, and the board will doubtless then Foreign gold... 40,000 adopt a line of definite location, which will be put under contract Gold tiara 154,660 and be commenced upon this season. Twenty-five hundred tons 10—Str. Wieland Hamburg Foreign gold... 1,515,200 Gold bars 131,433 of rails purchased for this Division are now on board vessels 10—Str. St. Laurent Havre Foreign gold... 1,501,733 going round Cape Horn, and twelve thousand tons more are 10—Str. Algeria Liverpool Am. gold. 969,018 under contract, to be delivered in the Columbia River next Gold bars 683,980 spring." 11—Str. Morro Castle Havana Foreign gold... 428,300 12—Str. Baltic Liverpool Gold bars 262,791 Pacific of Missonri.—Steps have recently been taken to 12—Str. Donau Bremen Am. gold 13,605 place the trust receipt certificates of the Pacific of Missouri Foreign gold... 1,131,465 13—Str. Ailsa Port-au-Prince Am. silver 500 Railroad stock, amounting to about $4,000,000, on the Stock 13—Str. Claribel Kingston Am. silver 20,088 Exchange list. The stock of the old company amounted to Am. gold 1,500 $7,000,000. The road was foreclosed, and bought in by Commo- Foreign gold. . 1,947 dore Garrison, but it is claimed by some of the stockholders Total for tlio week ($157,996 silver, and $9,354,034 gold) ....$9,512,030 that the transaction was illegal, and about four sevenths of the Previously reported ($5,889,556 silv., and $L0,696,665 gold). 16,586,221 stock has been deposited in trust for which trust receipt certificates have been issued, the object being to bring suit to Tot. since Jan. 1,'79 ($6,047,552 silv., and $20,050,699 g*d) .$26,098,251 set aside the sale on the ground of fraud. During the latter Same time in— Same time in— Same time in part of last week the stock was resurrected at the Stock 1878 $15,001,124 1874 $4,696,9"'0 1870 $8,057,480 Exchange, the first sale being the price 1877 10,315,801 1873 3,750,554 1869 11,091,437 made at 2, from which 1876 3,800,534 1872 2,938.908 1868 5,769,270 advanced during the same day to 5, and has since sold as high 1875 8,796,621 1871 7.688,254 as 12. It is claimed that some of the holders of the trust receipt certificates suddenly lost faith in the success of their Canal Tolls and Business.—Mr. G. W. Schuyler, the Canal suit and concluded to take advantage of the unexpected advance Auditor, furnishes the following comparative statement, showing in the price of the stock and sold, but were sorely disappointed the total quantity (in tons) of each article cleared on the canals on discovering that the trust receipt certificates were not a good from Sept. 8 to Sept. 14, inclusive, 1878 and 1879: delivery for the sale of the stock ; hence, it is claimed, the object of placing them on the list. American Exchange. 1878. I 1879. Articles. 1878. 1879, Pneblo & Arkansas Valley Railroad. Boston Advertiser Tolls $32,183 $44,580 Tons. Tons. —The Total miles boats •Hops 1 fives the following : Rental and rebate for six months ending cleared 3U,577!367,090 •Domestic spirits. 19 uly 1, 1879, $263,514; corresponding period 1878, $70,916 "Oil meal & cake.. 417 increase, $192,598, or nearly 300 per cent. The earnings so far Articles. Tons. Tons. •Leather Boards* scantling 35,288 49,573 Furniture this year are at the rate of 7 per cent on the entire stock and Shingles 305 41^ •liar and pig lead. bonds of the road, and when it is considered that $1,070,500 of Timber 370 1,740 Pig iron 1,813 2,476 the former and $1,007,000 of the latter were issued to build the Staves 414 1,639 Bloom & bar iron. 370 1,475 extension Leadville, etc., this time Wood 2,377 1,408 Cast'gs & iron w're 28 15 to and which has up to Ashes, pot & pearl •Domestic w'lens. 187 242 earned nothing, these figures afford an unparalleled instance of •Ashes, leached. . 200 626 •Domestic cottons 376 215 the wonderful development of railway interest in the *Pork the 6 3 Domestic salt 3,275 3,803 Southwest. •Cheese Foreign salt 312 45 •Lard, tallow, and Sugar 755 1,630 Messrs. August Belmont & Co. and Winslow, Lanier lard oil 15 2 Molasses 935 795 — & •Wool 57 1 -Coffee 12 40 Co. having purchased the balance of the Baltimore & Ohio Hides 89 Nails, spikes, and Parkersburg branch first mortgage forty-year 6 per cent bonds, "Flour 157 288 horseshoes 117 156 lately offered by Messrs. DrexeT, Morgan & Co., as agents for Wheat 41,855 45,731 Iron and steel 65 439 Bye 4.367 3,909 Railroad iron 852 the Baltimore & Ohio Railroad, now offer the same in sums to Corn 11,500 33,296 Flint, enamel, suit investors. •Corn meal 2 8 crock'ry, glassw. 92 142 Barley 1,901 All otber mdse 2,977 6,116 . —Mr. Daniel A. Moran has just removed to fine and commo- Barley malt 344 306 Stone, lime & clay 4,610 7,027 dius rooms at No. 27 Pine street, where his many patrons will Oats 3,864 1,019 Gypsum .'. 601 833 Bran & ship stuffs. 27 find him ready to deal in all classes of investment securities, 28 Anthracite coal. . 14,226 16,435 Peas and b«*ns. . Bituminous coal.. 4,762 6.646 including city, State, Government or railroad bonds. Mr. Apples 13 Iron ore 8,924 8,111 Moran is one of the best known bankers in the above line in this Potatoes 16 Petr'leum or earth •Dried fruit city. 44 337 oil, cr'de & ref'd. 951 81 "Cotton 17 15 Sundries 6,626 4,953 Elevated •I'mnTt'd tob'eco 3 —The attention of the stockholders of the New York •Hemp 8 35 Total tons. 135,688 203,158 Railroad is called to the treasurer's notice in another column, •('lover* irr'ssecrt 7 that a two and a- half (23£) per cent dividend has been declared, " Articles marked thus are in the •' Free List.' jjayable on and after October 1, 1879. Transfer books close September 20 and re-open October 2. Elizabeth City, N. J.—The city Controller learned, on inquiry, that a judgment had been secured by Peter and Robert Goelet —Attention is called to the advertisement of the Security of New York, in the United States Court at Trenton. The Bonds issued by the Knickerbocker Casualty Insurance Com- Ooelet Brothers hold fl29,000 worth of funded debt bonds, pany, No. Ib7 Broadway, N. Y. : 291 THE CHRONICLE. [Vol. XXIX. The following table shows the changes from the previous week 'gixt fE^aukers' <&&zzttz. and a comparison with the two preceding years. 1879. Differ'nces fr'nj 1878. 1877. NATIONAL BANKS OKUANIZBO. 8ept. 13. previous week. Sept. 14. Sept. 15. The United States Comptroller of the Currency furnishes the Loans and dis. statement of National Banks organized the past week: $256,960,400 Dee. $126,400 $211,215,100 $243,795,000 fallowing Specie 19.876.900 Inc. 123.100 18.554,700 19.913,000 2,433— City National Bank of Sprlngtield, Mass. Authorized oapital, Circulation .. 21.603.500 Inc. 231.200 19.478,300 15,577,100 Presi- $250,01.0; paid-in capital, $150,000. Jamt-s D. Gafford, Net deposits . 225,572.900 Doc. 1.062,700 218.269.000 208,582,400 dent; Henry H. Bowman, Cashier. Authorized to commence Legal tenders. 39,481,100 Dec. 007,600 48,891,200 44,015,900 business Sept. 9, 1879. Authorized capital, 2,434—First National Bank of Bismarck, Dakota. United States Bonds, — Government securities are steady $50,000; paid-in capital, $30,000. Walter Mann, President; G. H. Falrenild, Cashier. Authorized to commeuoe business on a fair business It is not a season when there is usually a Sept. 12, 1877. very large business in governments, but, under all circum- stances, prices are well maintained. D V I It K IN On. Closing prices at the N. Y. Board have been as follows: Tho following dividends have recontly been announced Sept. Sept. Sept. Sept. Sept. Sept. Per When Books Closed. of 13. 15. 16. 17. 18. 19. Name Company. Cent. Payable. (Days inclusive.) Oi, 1880 reg 1035s 103% 103% 103% 103% 103% If xllroads. 6s, 1880 coup 103=8 103% 103% 103% 103% 103% 1 Sept. 8. 68,1881 reg. 101>a 104% 104% 104% 10434 104*8 l"a Oct. 1. Sept. 20 to dot. i 6s, 1881 coup. 104=8 1045s 104% 104% 101% 104% 11 it I aneous. 58,1881 reg. 1023s' 102 "a 10258 102=8 102 V; I025g Am. District Tel. (c(uar.) 1^3 Oot. 15. Oot. 2 to Oct. 21 5s, 1881 coup. '1023s! 102 '4| 1025g 102 ia 102 "a 1021a 101=8 101=8 104% 4>fl9, 1891 reg. •1015s 104% I 104=s FKIUAV, SEPT. 19, 1879—5 «*. M 4>S8. 1891 coup. 10134 •101% Id's 104% 1015s; 104=8 The Money Market and Financial Situation. —The gener- 4s, 1907 reg. 100% •101 101 101 101 101 4s, 1907 coup. 101% 102 102 102 102 1021s al situation in financial circles is little changed from last week. 6s, cur'cy, 189>..reg. '12Ha •121% 12m 1211-2 121% 121% 6s, cur'oy, 1896.. reg. 121% *122 121% 121^4 '122 122 at Board is The same buoyancy in low-priced railroad stocks the 6s, cur'cy, 1897. .reg. '122 •122 "41 122 122 122ia 122*4 the principal feature in ttock transactions, and the climax of faith 6a, cur'oy, 1898.. reg. •122t» •122 4ji 122 hi 123 122 %l 122ia '123 •123 I 6s, cur'cy, 1809. .reg. I 123 123>3 123 123 in Southwestern fancies might be supposed to have been reached * This is the price bid ; no sate was made at tho Board. when Pac fie of Missouri—a stock whose very existence depends The range in prices since January 1, 1879, and the amount is upon tiio result of a future law suit— sold up to 12. There a of each class of bonds outstanding Sept. 1, 1879, were as rational and common sense view to be taken of the lively move- follows: of re-organized railroads, and it is neither fair ment in the stocks Range since Jan. 1, 1879. Amount Sept. 1, 1879. on the one side to set down the advance in prices as wholly unrea- Lowost. Highest. Registered. Coupon. sonable, nor on the other side to approve o the rapid upward 6s, 1 880-1.. cp. 103M Aug. 2:1 107=8 June 23 $205,075,300 $77,661,050 strides of 5 and 10 per cent a week in the stocks of railroads 5§, 188 1.... cp. 101*8 Aug. 27 107ia Jan. 15 273,482,800 231,957,550 1891. 104 Mch. 21 108 May 21 166,108,950 83,891,050 hitherto unable to earn their interest charges, as fully warranted 4>a», .cp. 4s, 1907.... cp. 99 Apr. 1 I03ia May 21 406, 386,300 270,012,500 hy the general improvement in mercantile business. There are 6s, cur'ncy.reg. 119ia Jan. 4 128 May 31 64,623,512 four main points to be looked at in considering the possible future Closing prices of securities in London for three weeks past and of a railroad whose stock has heretofore been practically worth- the range since Jan. 1, 1879. were as follows: less. 1. '1 he road may be leased at a fixed rental to another com- Sept. Sept. Sept. Rauge since Jan. 1, 1879. pany. 2. By new combinations or extensions the business of ihe 5. 12. 19. Lowest. Highest. road may be largely increased. 3. The annual interest charges may have been greatly reduced in the process of re-organization. U.S. 5s of 1881... I05ia 105% 105*8 105 July 16 109% Jan. 4 U. 8. 4ias of 1891. 108 108ia 1083s 100 >a Mch. 21 110 May 2 4. A decided improvement in the road's traffic may be effected by U.S. 48 of 1907... 106 x04ial I04ia 101 Mch. 26 105i« May 22 general or special causes. We believe that under these four heads State and Railroad Bonds—State bonds have been inactive, may be classed nearly all of the influences commonly talked and Louisiana consols have monopolized most of the Board sales, about among stock brokers and their customers as likely to although in these there were comparatively few transactions, increase the value of this or that low priced stock. As to the and the last sale was at 38$. first point— a lease— it is a matter depending eutirely upon the Railroad bonds have been decide ily strong and active for the will of directors in two companies (subject to the ratification of speculative bonds, led by Mo. Kansas & Texas firsts and seconds. stockholders, which is seldom refused), and without official infor- Chesapeake & Ohio, and Denver & Rio Grande. Erie second dealt in considerably, but do not show much mation th= average stock buyer can only operate in the dark ; consols have been to work successfully on this ground one should first strength, considering that they begin to draw regular 6 per cent hecome a director. As to the second point of new interest from December 1. combinations, extensions or working contracts, the matter is also Closing prices of leading State bonds for two weeks past, and an utter uncertainty for the outsider until the facts have been the range since Jan. 1, 1879, have been as follows: made public, and then the opportunity is presented for taking a fair and open risk. The possible earnings of such roads as Erie, Sept. Sept. Range since Jan. 1, 1879. States. Wabash, St. Louis Kansas City & Northern, and others, under 12. 19. Lowest. Highc3t. their new plans and combinations, offer a fair chance for the consols *37!8 38*4 36 July 24 69 Jan. 6 dealer in stocks to form his own opinion and buy or sell accord- Louisiana Missouri 6s, '89 or '90 104% 103=8 Mch. 5 107% June 10 ingly. as Next to the obligations to be met before dividends on North Carolina 6s, old •22 •22 la 18 Feb. 8 25*8 Juue 14 stock can be paid, the facts are known in each case, aDd if there Tennessee 6a, old *30*e •30% 30 Aug. 20! 42 Feb. 13 •81 June 20 has been a considerable reduction in annual charges the net Virginia 6s, consul *80ia 73% June 20 73% do do 2d series 40 Sept. 18 44 Mch. 28 earnings of the road fur a series of years past may be •84" compared District of ColumMa 3-658.. 79k) Jan. 3l 88=8 May 23 with the present amount of charges and some conclusion drawn This ia the price bid : uo sale was made at the Board. as to the future. As to the fourth and last point made above, an increase in business on the rond from special causes incident Kallroad and Miscellaneous stocks. —The stock market to the particular line or from the general improvement in bust has again shown extraordinary activity and buojancy in the ness throughout the country, the facts are all open and the low-priced specialties. It is not asked in regard to any particular ?" question is a matter of opinion. As to special causes touching stock, " Has it any value V" but " Will it go up And on this certain lines of road, there is nothing to be said here, but as to inquiry the whole market turns, as the question seems to be feneral transportation business we can only repeat our remarks answered in almost every case affirmatively. In our remarks eretofore made in connection with railroad earnings that there above we have endeavored to enumerate and classify the several seems to be little reason to anticipate that for the current year circumstances which are to be considered in estimating the prob- 1879 the total earnings of leading railroads will greatly exceed able value of these stocks, but as to the course of the market the earnings in 1878. A general improvement in business will from day to day, which is quite ap irt and distinct from any real unquestionably lead to an increase in railroa i earnings, but that values of stocks, it is impossible to say anything for the guidance increase should come gradually, and can hardly be felt to a great of our readers. Perhaps as to this there is nothing better than extent in a single year. the opinion of a well-informed stock broker, and yet the better 'Ihe money market has worked pretty steadily, with 4@6 per informed and more honest brokers are the ones who least pretend single cent as the range on call loans, and the bulk of business with to foretell with any assurance the prices of stocks for a which stock brokers done at 5(g6 per cent. For prime commercial paper day ahead. It is useless to name the whole list of stocks there is a ready sale at among the most conspic 5@(H per cent, according to the time it have this week shown large sales ; but has to run. uous we find Northern Pacific preferred and common, St. Louis The Bank of England weekly statement' on Thursday showed & Iron Mountain, Houston & Texas Central, Chesapeake & Ohio, a gain of £384,000 in specie, and the percentage of reserve was Mo. Kan. & Texas, Mobile & Ohio, Col. Chic. & I. C, Ind. Cin. & nt, stocks of the Gould 59i per c against 58 5-10 per cent the previous week ; the Lafayette, &c. The regular speculative quite discount rate remains at 2 per cent. The Bank of France lost roads, as also the Grangers and Lake t-hore, have also been 28,700,000 francs in specie. active and close strong. The coal stocks have been a feature The last statement of the New York City Clearing-House banks, yesterday and to-dav, but close at some reaction. issued September 13, showed a decrease of $219,020 in the excess In our remarks in this place last week, referring to Hannibal & instead above their 25 per cent legal reserve, the whole of such excess St. Joseph earnings, we accidentally wrote ntt earnings being $2,904,775, agaiost #3,183,800 the Drevious week. of gross...... 8KPTKMBEK 20, 1879. | THE CHRONICLE. 295 ^—Latest The daily highest and lowest prices have been as follows: earnings reported—, —Jan. 1 to late»t do do prcf 7.075 74% Jan. 4 99% Sept. 64 I 84% Prime bankers' sterling bills on London. 4.81%a4.82% 4.83%®484% Chicago Total. 1 51,850 143,068 102,985 129,540 115.400 69.28". 168,000 • Other than Government and banks, less Clearing House checks. Whole Btock. lbO.OOOl 154.0421 149.886 524.000 212,026 780,000 494.665 Philadelphia Bank.*.—The totals of the Philadelphia bank! The total number of shares of stock outstanding is given in the are as i< 11 >ws : last line for the purpose of comparison. Loans. Lawful Money. Deposits. Circulation. Agg. Clear. The latest raUroad earnings « and the totals from Jan. 1 to latest April 7 59.994.059 13,7111,732 45,111.747 11,520.122 38.653.745 K dates are given below. The statement includes the gross earn- 14 60,554.971 14,022.743 48.552,535 11.509.940 30.561,240 " 14,516.885 47,238,852 11,510,230 38,407,066 ings of all railroads 21 60,548.117 from which returns can be obtained. The 60,122,582 14.369,637 47,01 1.509 11,508.043 31.295. 148 11,498.821 37.012.S80 columns under the heading "Jan. 1 to May 6.. 80.174,972 14.948.989 47.626.868 latest date" furnish the " 40,016.138 gross earnings from 12.. 59.914,320 I5,:l53.558 47,786,050 11.492.197 Jan. 1 to. and including, the period men- " 19. 60,160,886 16.138.678 49,143.439 11,478.011 38.950,073 tioned in the second column. " 28.. 60,915,891 15.919,569 40,688,984 11.465.857 39,363,768 31,805,486 j—Latest earnings June 2.. 61.429.850 15.938,439 49,941,008 11,449.130 reported —, ^-Jan. 1 to latest rlate.^ " 9 61,917.073 15.790.707 50,363.092 11,431,493 46.780,676 Week or Mo. 1870.1879. " 1878.1R7B 1879.it7o 1878.iqto " 16 62,030,882 15.883.014 50.721.250 11,424,901 38.804,535 Ala. Gt.Southern..Tune $23,263 $20,950 s " 83 61,810.188 15.311.615 40,713,483 11,897.218 37.579,238 $ 34,442,141 Atch.Top. &8. F.lstwkSept 125.500 99,772 3,845,018 2,464,076 " SO 61.740.307 15.790,181 50,309,722 11.383.105 Atl.&Gt. West... July July 7 62,221.496 16,205,151 51,378,936 11.398,806 37,788.094 359,105 307,188 84,090,465 Atlantic Miss.&O. July 138,224 " 14 62,171,993 16.533,493 51.811,042 11,406.680 127,441 868i710 889,251 " 18.307.448 51,512.347 11,428,816 37,107.368 Bur. C. Rap. &N.. 1st 21 61,974,527 wk Sept 34.985 29,661 919,626 1,022.642 " 88 61,415,446 17.405.818 51,901.388 11,415,745 34,940.607 Burl.&Mo.R.lnN.Jiily 104,069 79,688 966,757 814,769 Aug. 4 61.932.961 17.396.893 52.a80.548 11,406,477 35.746,384 Cairo&St.L<>ui8..2dwkAug. 6,010 4,793 " 11 62.740.441 17,590,102 52.719.432 11,437%10 86,769,049 142,513iu,3 io 137,980iai,« 88.011.855 Central Pacific. .August ....1,552,000 1,726,607 10,349,408 11,094,474 " 18 68688,249 17,011.709 52,015.168 11,438,108 Ches. & Ohio ...August.... 215,945 " 8i 62.952.906 16,308.517 51.415.739 11,430.589 31,318.868 189,337 1,202,136 1,234,015 51.565.795 11.445.171 30,008.487 Chicago Alton. 1st Sept. 1 62.784,738 16.539.218 & wkSept 137.623 107,612 3,440,586 3.108,359 62.880.264 16 569.557 51.580.453 11.500.647 33.978.384 Chic. Burl. &Q... July 993,823 35.106,803 946,427 7.504,062 7,361,218 15.... 62,749.838 . 16,614,504 40.009.121 11,516,380 .. ' ...... 1 . —.Mttft... 296 THE CHRONICLE. (Vol. XXIX. New Vorft City Banks. —The following statement shows the BIXTIX, PHlLtOguPIH. Btc. -Continued. condition of the Associated Banks of New York City for the week SECURITIES. Bid. Ask. SECtJHITIKS. Bid. Ask ending at the commencement of business on Sept. 13, 1879 : Manchester ft Lawrence.. 140 1J2 Average amount of Phil, ft R. cons.m.r«.,g.U911. 10154 Nashua & Lowell 104 do conv. 7s, 1893' Capital. Net dcp'ts New York ft New England. 31 31« do 7s, coup, off, '93 Loans and Specie. Legal other Circula- Northern of New Hampshire 8654 Phll.ftU.Coal&lron deb.7s,95 discounts. Tenders. tion. Norwich ft Worcester 120 than U. S, do deb. 7s. cps. oil Ogdensb.ft L. Chainplaln ... 16-H 17 do mort., 7s, 1892-3 do pref . 58 Phlla. '84 t * 8 I Wllm. ft B.ft. 6s, . . 8.272,200 526.000 1.383,600 7.280.800 495.000 Old Colony 107! 108 PltU.Cln.4St. L. 7S.COU..1S0C- New York 8,000,000 100' 18h.:kki Portland Ssco ft Portsmouth Shamokln V.ft Pottsv.7s, 1901 Manhattan Co... 2,050,000 5,401,400 520.500 3.454,900 400 91'. Pull 1 a Palace Car. 2,0110.000 6.3o0. 00 707,000 1,047,500 5,854.900 72,100 Steubenv. ft Ind. 1st, Is, 1884. Merchants Ark.nsas 595* Mechanics' 2,000,000 0.72(1,000 577.000 774,000 5,305,000 44,500 Pueblo ft 6054 Stony Creek 1st m. 7s 1907... preferred Union 1,200.000 4,190.800 295.700 512.200 8.126.000 135,000 Rutland, 199s 19>« Sunb. Hsz. ft W.,lst m..5s,'2s ll.807.20ti 839,600 740,100 6,782.800 1,100 Vermont ft Massachusetts.. 118* Sunbury ft Erie 1st m. 7s, *97.. America 8,000,000 37 Phoenix 1,000,000 8.011,000 289.000 288.000 2.705,000 250,000 Worcester ft Nashua yra.Gen.ft Corn'<,lst,;s,l»05 104 105 City 1,000,000 6,04 1.900 1,036,600 822,00(1 5,547,000 Texas ft 1'ac. 1st 111 ,6s, g.,1905 MX 100)$ Tradesmen's 1.000,000 2.HH9.100 209,800 228,400 1,780.800 782,801 PHILADELPHIA. do cons m..68,g.,190o bo 85 Fulton 800,000 1,001,80(1 184,500 332.700 1,232,500 STATE AND C1TI BONDS. do lnc.ftl.gr ,7s 1915 33 Chemical •SOO.000 11.109.300 1.744,000 1,869,500 11,410,300 Penna. 5s, g'd, lnt.,reg. or cp Union ft Titusv. 1st m. 7s, '»0. 04 United N.J. cons. 111.6s. '91.. Jaerch'nts' Kxch. 1 ,000,000 8,730,400 202,900 605,100 3,030,000 028.800 do 5s, cur.,reg Gallatin Natlon'l i;ooo,ooo 3,488.300 162.500 354.600 1,880.800 5:18.800 do 5s, new. reg., 1892-190 111 Warren ft F. 1st m. 7s, '96 West cons. '91 Butchers'&Drov. S00.000 1. 287,800 177,700 146.000 1,085.100 203.800 do 6s, 10-15, reg M ls7'-'82 10054 Chester 7s, 1175, 1882-'92 West Jersey 6e, deb., .'8 Mechanics' ft Tr. 800,000 1,140,000 35,000 215.000 080,001 198.000 do 6s, 15-25, reg., i«7)4 coup. Id! 105 Greenwich 200,000 846,700 18,400 158,800 781,400 2,700 do 6s, In. Plane, reg. ,187: do 1st m, 6s, cp., '96 Leather Man'f'rs 600.000 2.075,000 200,400 313,500 1.9:13.500 472,400 Philadelphia, 5s reg do 1st 10.7s. VJ Seventh Ward... 800.000 881,800 63,700 158,700 811.400 37,600 do 6s, old, reg.... Western Penn. BR. 6s,ep.'.8()« 103U Btateof N.York. 800,000 1.762.700 118.400 288,600 1.858.500 243.200 do 6s,n.,rg.,prlorto'9.' do r.s P.fi.,'96 American Kxch.. 5,000.000 18.885,000 1.359.000 1.100.000 9.712.000 446,000 do 6s,n.,rg.,1895ft ovei 1 rag CANAL BONDS. Commerce 9,000,000 13.158.000 1.282.500 2,484 .800 0.38 i.mki 1.510,900 Allegheny County 5», coup.. Chesap. ft Dela. 1st 6s, rg.,*86 Broadway 1,000,000 4.911.900 872,100 454.5011 3,478.500 898.400 vllegheuyCltyls, reg.. Delaware Division 6s, cp.,'78. 8.443,500 368,600 373.600 8.101.200 180,000 4s, coup. ,1913..... Lehigh Navlga. m., 6b, reg.,'84 Mercantile 1,000.000 Pittsburg "" 109 Pacific 422.700 2.234.100 68.800 307.900 2.142.000 do 5s, reg. ft cp., 191s. do mort. RR., rg 100 Republic 1,500,000 3.931,500 91,200 383,800 1,735.400 945.000 do 6s, gold, reg do m. conv. g., r*-g.,*94 103 Chatham 450,000 8.112.6(Kl 106,000 678,400 2.995.000 402,000 do 7B,w't'rln,rg.ftcp do mort. gold, '97 People's 412,500 1.392,300 52.600 238,200 1.854.900 5,400 00 7s, itr.imp., reg. ,'83-86. do cone. m.7s, rg.,191i 03* 05 Korth America. 700,000 1,827.300 83,000 145.000 1.604.600 N. Jersey 6s, reg. and coup. . Morris, boat loan, reg., 1885. Hanover 1,000,000 5.8S7.800 622,700 821,100 5,895,800 270,000 do exempt, rg. ft coup Pennsylvania 6s, cottp-, '.910. '80 Irving 500,000 2.453.300 183,400 453,200 2-3.l4.0uo 313.100 Camden County 6s, coup Schuylk. Nav.lBt m.68.rg.,'97. Metropolitan 8,000.000 12,804.000 295.000 2.165,000 9,752,000 2,485,000 Camden City 6s, coupon do 2d m. 6s. reg., l'X)7 '73 Citizens' 000,000 1.553.600 106,600 314.800 1,476,500 248,7,i0 do 7s, reg. ft coup do 6s, boat.ftcar,rg.,19:3 Nassau 1,000,000 1.944.300 22.800 223,300 1,716,000 3.900 Delaware 6s, coupon do 7s, hoatftcar.rg..!9,5 Market 500,000 2.809,700 17,300 443.100 1.800.400 378.100 Harrlsburg City 6s, coupon Susquehanna 6s, coup.. 19.8 .* Bt. Nicholas 500,000 1,902.70(1 25,500 367.200 1,440,500 450.000 STOCKS.!. Shoe & Leather. 500,000 3.047.000 297.000 458,000 3.020.0(10 450,000 K.A1LROAD BALTIMORE, Corn Exchange. 1,000,000 3.818,100 78.800 195,000 1,987,300 4,700 Camden ft Atlantic... Maryland 6s, defense, J .ft J., 1,18 10» pref Continental 1,000,000 4.205.400 5,200 1,042.000 4.045.500 780,300 do do do 6s, exempt, 1887.... 113 116 Oriental 800,000 1.417.800 18,200 175.000 1.229,000 Calawlssa do 6s, 1890, quarterly.. 109 111 5s, Marine 400,000 2.312.000 19.000 488.000 2.182.000 858.000 do pref do quarterly 10(1 105 Importers' A Tr.. 1,500,000 15.731.100 1.005,800 3.472.600 17.291 .000 1,100.300 do new pref 4154 Baltimore 68, 1 SSI, quart 107 110 Brook.... Park 2,000,000 12,872.800 1,041,800 8,120,400 15.141.900 525,000 Delaware ft Bound do 6s, 1886, J.ftJ 110 111 6s, quarterly. . Mech. Bkg. Ass'n 500,000 646,000 46,400 60.700 432.300 309,400 'East Pennsylvania do 1890, 11354 114 Grocers' 225 000 687.700 4.200 103,900 649.300 Elmlraft Wllllamsport...... 305, do 6s, park, 1890, Q.— 113 118 pref.. North River 240,000 713.900 36,800 165.000 880,400 Q0 do 48 do 6s, 1893, M. ft S 114 117 Kast River 250,000 813.400 83.800 71,400 622.800 150.000 Har. P. Mt. Joy ft Lancaster do 6s,exempt,'JS.M.ftS 115 118 Top... do 68, 1900, Wan ti t "is ft Mer.* 100,000 308.500 1.000 70.200 347.800 Huntingdon ft Broad Q—J 115 118 pref Fourth National. 3,200,000 15.003.800 1,125,300 3.071.500 14.382.000 1.032.700 do do 5J4 do 68.1902, J.ftJ 115 118 CentralNat 2,000,000 8.195,000 41(1.0(10 1.817.000 7.879.000 1,488,000 Lehigh Valley... 4354 43!4 do 5s, 19.6, new 111 1115* Second Natlon'l. 800,000 2,840.000 220.000 441,000 2,420.000 269,000 Little Schuylkill 48 Norfolk water, 8b 117 120 Ninth National.. 750.000 3.967.000 347.000 559,000 8.650.000 600,000 Silnehlll • 58 RAILROAD STOCKS. Par. First National.. 500,000 9.788.500 1.500.300 1.042,200 10.104.900 119.400 Nesquehonlng Valley 545, Balt.ftOhio 100 136 • 1st pr September 20, 1879.1 THE < HRONJCLE. 2*7 QUOTATIONS OF STOCKS AND BONDS IN NEW YORK. U. 8. Bonds and active Railroad Stock* are quoted on a previous page. Prices represent the per cent value, whatever the par may it. vi V 1 I BONOS. SECURITIES. Bid. Ask SECURITIES. Bid. Aak. SECURITIES. Securities. Bid. Ask. 6a, gold, 112 Alabama—5s, 1H88 Illinois—War loan New York— rog.,'87 Hliode 1 aland—fls,coup.'93-9 coup., 1887 6s, 18H6 Kentucky—6a «s, gold, South Carolina—6a 59 1H88. 8s, 1886 Louisiana—6s Ha, loun. Jan. A July 15 88,1888 6s, new 6a, do 1891 April A Oct 15 8s, Montg. 4 Eufaula UK. 6s, new floating dobt . . 6s, do 1892 Funding net. 1866 15 1893 1«HH, 8s, Ala. 4 Chatt. Kit 7s, penitentiary 6a, do Land Com.. J. A J... 40 8s of isaa 6a, levee North Carolina— 6s, old.J4J do 1889, A.AO... 40 8s of 1893 8a, do 6s, old, A.40 7»of 1888 15 Class A, 3 to 5 8s, do of 1878 No. Car. Hit., J. 4. I Non-funduble Class B, 5s 8s, of 1910 do A.4 Tennessee—6s, old 3?£ Class c, a to 5 7s, consolidated 38)6 do coup, on*, j. A J. 6s, now S* 211 Arkansas—0s, funded 5 7s, small do coun. on", A. &<1. 6s, new series 27 28 103' act. ikoo Vlrglna—6a, old 7s, L. Hock 4 Vi. Scott Iss. 1 8 Mlchigan-ea, 1883 Funding 28 II -J do 1808 Ba.ncw, 1866 88 7s, Memo. & L. Hock RH . 1 H 7s, 1890 '88 101 bonds, J 6a, 1867 78, L. HP. II. 4 N. 0. Kll. 1 8 Missouri-fls. due 188a or New J. & new, 28 108 6s, conaol. 81 7s, Mlas. O. & K. I' SB... 1 » 6s, due 1886 do A.40 bonda 7s, Arkansas Central HR. 1 8 6s, due 1H87 108 Chatham nil 0a, ex matured coupon 5*J* 60 Connecticut—6s 6s, due 1888 Special tax, class 1 6a, conaol., 2d series 40 Georgla-^Js 6s, due 1889 or '00 do class a 6a, deferred '02. Columbla-8'65a, 1924. 7a, new HI Asylum or Univ., duo do class 3 D. of 7b, endorsed 111 Funding, 1894-95 Ohio-6s, 1881 Small St. Jo., 1886. 104 68,1886 Registered 84* 7s, gold - Hannibal & Itllnollnol* .coupon, 1879... do do 1HN7. 104 RAILROAD AND MISCKLL VNEOUS STOCKS AND BONDS. Del. Lack. 4 West.—3d m 103K WJH Den. Div. 6s ass. cp.ctf. 105X1105*6 Montclair 4 G.L.— 1st. 7s, n, 30 45 17 Stocks. 7s, convertible. Pennsylvania RR— N. J. Mldland-lst, 7», gold Railroad Mortgage 7s, 190' 113 Pltts.Kt. W.& Chic, 1st m. 128 2d mort i • (Active previously quoted.) Syr. BlL xh. 4 N. Y., 1st, 7s lOKJs do do 3d in.. |122 New Jersey South'n— 1st, 7s in 45 - 1H 1st . lai' do do 3d m.. N. Y. 4 Osw. Mi.lld 1 si m. IB Albany & Susquehanna — Morris A. Essex, m do 2d mort Cleve.A Pitts., consol., s.f, til's" Rec. certlf 's not deposit 'd on 68 Boston &, N. Y. Air L,., pref Morris 4 Ess'x.b'nds, 1900 *87 do 4th mort... do do H Burl. Cedar Rapids & No... 78"| •30 Chesapeake Ohio do construct'n *87 Col. Chic. 4 1. CM 1st con . 79 Peoria Pekln 4 J.—1st 111 & of 1871 109W 3d con.. *38)6 39 St.L.4 San V.—adm.,class S3 8S do do 1st pref. J* do 7s do A con., g'd. 99 Co.ctfs.lst 75% 3d mortgage, class B. . H 57 2d pref. do 1st MM do Tr't con 75)6| do do 9k 101M 103 class H 55 Chicago & Alton, pref Del.4 Hud.Cnnal—1st m.,'84 do do 3d con do C... 1891 loafc, 1(13 Wat. Con. 1st 64« St.L.4 S.E.—Cons.. 7s, g.,'94 H 70 Clev. * Pittsburg, guar.. idiji 1st mortgage, Rome & Og.— 64X extended tios St. 1. \ in ui 112 St.L.Vandalla4T.H.-lstm m- Dubuque & Sioux City do Mount'n—1st m do Coup., 7s, '94 104J< ui:,' 2d mortgage IOO" 2d mortgage, guar 88 'So* Harlem s.f. +101 103 do Reg. 7s, '94. 104« Arkansas Br., 1st mort . *95W 98 Scioto Val. 1st 7 p.c. bds Ind. Cin. & Laf 108' ' 99 South Side (L. 1.)— 1st mort 90 95 Des Moines.' 1st Pa. div., coup., 7s, 1917 105)6 Cairo & Fulton, 1st mort 99« Keokuk & 111.. 7s. '88. 100 do reg., 7s, 1917 . 105 108 Cairo Ark. & T., 1st mort. 91*6 South Minn.—1st do do pref. 100 104" Manhattan Albany 4 Susqueh., 1st m. 110« St.L. K.C.& N—R. E.& R.,7s 103)4 102)6 1st mortgage, 7s (pink) 2(1 107)£ Omaha 1st mort., 7s 100 Extension i«i 95 Marietta & Cin., 1st pref... do mort Div., do 3d mort. tioo St.Chas.B'dge.lst, 7s, 1908 *.... 103)6 Tol. Can. 8.4 Dot.—1st. 7a, g 88 70 do do 2d pref 112 112« Union Logansport ui 97 Mobile & Ohio, assented.. do 1st con., guar U03)6 North Missouri. 1st m., 7s 4 —7s Saratoga, lst,coup 130 1 123 St. L. Alton & T. H.—1st 110 115 Union Pac, So. Br.—6s, gld. 90 91« Nashville Chat. & St. Louis. Rens.4 m do 1st, reg. t 1125 3d mortgage, pref 8?)6 89 New Jersey Southern WiJ, BO Southern Securities, N. Y. Elevated 120 ISgM Denv.4 K. Grande— lst.1900 MM do income laOWl 123)5 N. Y. New Haven & Hartf 153 157 Erie— 1st mort., extended Belleville A So. 111., 1st m {Brokers' Quotations.! 7s, 1883... 105iH Tol. Peo. 1st E.D Ohio & Mississippi pref. 3d mortgage, 105H & W.— m., STATES. 4th mortgage, 7s, 1880 . 105 1U6 1st mortgage, W. D Pitts. Ft. W. & Chic, guar N. Carolina.—New 4s 57 61 5th mortgage, 7s, 1888 . 109 110*6 Burlington Div do do spee'l. So.Carolina—Con., 6s (good) 87 M Rensselaer & Saratoga 7s, cons., gold bonds, 1920. 3d mortgage, 1886 ex coup.,Sept.,'79 prev 111*8 111« Consol., 7s, 1910 Rejected (best sort) St. Louis Alton & T. H 10'.,. 4 +108" iobV" 115 116 Pur. rec'pts, 109*6 .. Texas—6s, 1893 M.4S. do do pref. 22',, Long Dock bonds Com. lst,E.D 7s, gold, 1892-1910 . . J.4 J. +111 u Terre Haute & Indianapolis Bull. N.Y.4E, lstm., 1916 J117 do 1st, W. D 108)6 2 N.Y.L.E.4W.,n.2d,con..6s 73)6 raw do Bur. Div 7s, gold, 1904 J.4 J, tll2 113 United N. J. RR. & Canal . 10s, pension, 1894. . . 10a do 1st, con., f, cp.,7s 1st pref. inc. for 3d mort 40 J.4 J +99 50> do 2d,con.,f.cp.,os,6s 72J .... 1st inc. for consol 40 Virginia—New 10-40s 49X Miscellaneous M'ks. Han. & St. Jos,—8s, conv... 10aji;104 Tol.JtWab.—lstext.7s,ex cp. 107)6 CITIES. 108 Adams Express 100*6 Hous.4Tex. C—1st, m.l.,7s 105)6 108 1st St. L. dlv.7s.ex mat.cp. Atlanta, Ga.—7s 98 100H 93 8s IOS 110 American Express 48>i 1st mort., West. Div., 7s. .... 104)6 2d mortgage ext., ex coup 9^ 44 1st mort., Waco 4 N., 7s.. Equipment bonds, 7s, 1883 40 43 Water works US 10a United States Express 110 Wells, Fargo & Co 100 2d C, Main lino, 8s 106)6 no" Consol. conv. ex coupon. *85 85)6 Augusta, Ga.—7s, bonds 101 .-,7 60 Quicksilver 14M 2d Waco 4 N., 8s Gt. Western, 1st m., ex cp *107 Charleston, 3. C—Stock, 6s '.'.'.'.\ 94" 93" '.;> so do pref 49 Inc. and ind'y, 7s do 2dm.j7s,'93,ex cp 91 7s,F.L 70 sl» Atlantic Pacific Tel 35« 36 Ill.Cent—Dub.4Sloux Cist 8. 4 Tol., 1st, 7s, '90,ex cp. 95 Columbus, Ga.—7s, bonds.. & 70 S<1 American District Tel. Dub. 4 Sioux C, 2d div.. 1.4 So. la., 1st in .7s, ex cp 93X ... Macon—Bonds, 7s Gold Stock Telegraph Cedar F. & Minn., 1st m. *... 101)6 West. Un. Tel.— 1900, coup *113 114 Memphis—Bonds, C LI) & 114 Bonds, Canton Co., Baltimore 48^ 49)6 Lake Shore 1900, registered 113 A and B American Coal Mich S. 4 N. Ind., s. f., 7s. lioxl .... Spring.V'y W.Works, 1st 6s. Endorsed M. 4 C. RR 25 Cleve. 4 Tol., sink. fund.. INCOME BONDS. Compromise Consolidation Coal of Md.. 15 Pennsylvania Coal 150 do new bonds. Central of N. J., 1908. 73 Mobile—5s, coupons on IS ... 60 8s, coupons 11 SO Mariposa L'd & Mining Co.. 3>* Cleve. P'ville 4 Ash., old. 101« Leh. 4 Wilkes B. Coal, 1888 50)6 on 6s, as do do pref. do new 113 1II8 St.L.I.M.4S..lst 7s,pref.Int 71)6 71*4 funded u 60 Montgomery—New 5s 40 SO Buffalo Erie, new bds. . do 2d int. ,6s. accum'e Ontario Silver Mining... & 40 Humestake Mining Buffalo 4 State Line, 7s. Chic. St.L.4 N. 0.,2d m.,1907 55 New 3s BO Nashville 6s, old so •>> Mining 30'.... Kal'zoo 4 W. Pigeon, 1st. — Standard Cons. Gold Miscellaneous List. SO 90 Pullman Palace Car...... 95 Det.Mon.4 T., 1st, 7s,'1906 *113 116 6s, new *.... 120 New Orleans—Prem., 5s as Lake Shore Div. bonds. . (Broker*' Quotations.) H do cons, coup., 1st 119 130 Consolidated, 6s 30 33 Railroad Bonds. do cons, reg., 1st.. 118% 130 CITIES. Railroad, 6s M as 1(1(1 108 105 do cons, coup., ad. 114 I .... Albany, N. Y.—6s, long Norfolk—8s Stock Exchange Prices, Buffalo— 113 Petersburg—6s 101 104 do cons. reg.. 2d . 113)6 Water, long 119 Host. H. & Erie—1st m.. n Louisv.4 Nash.—Cons.m.,7s 113 114 Chicago—8s, longdates +10S 108 118 11s 1st mort., guar 3d mort., 7s, gold 103)6 105 7s, sewerage +113 114 Richmond—6s 108 »"' Bur. Ced.R.A North.—lst,5s 90M Cecilian Branch, 7s 103 7s, water rll4), 115)6 Savannnah—Cons., new, 5s. Minn.A St. L., 1st, 7s, guar no 115 Nashv. 4 Decatur, 1st, 7s. 104 105)£ 7s, river improvement +113 114 RAILROADS. Chesap.A; O.—Pur. m'y fund 101 Marietta 4 Cin.—1st mort. .... 95 Cleveland—7s, long +113 115 A la.4Chat.—Rec'rs ctfs,var Bo 100 6s, gold, series B, int. def. 49(6 in i 1st mort., sterling ....| 95 Detroit— Water works, 7s. +113 115 Atlantic 4 Gulf-Conso' 108 10s 6s, currency, int. deferred 24 Metropolit'n Elev—lst,1908 10256 103 Elizabeth City—Short 41 45 Consol., end. by Savan'h.. 80 40 * Chicago & Alton—1st mort 118 Mich. Cent.—Cons., 7s, 190a 118 119X Long 40 44 Cent. Georgia—Cons. 111 107 110 Income 105)6 1st mort., 8s, 1883, s. f.... 110 110)6 Hartford—6s, various 103 109 Stock 67 72 Sinking fund , 107M 108M Equipment bonds Indianapolis—7*30s +106 Charl'te Col.4 A.—Cons., 7s HI 97 711 Joliet & Chicago. 1st m. . Mo.K.ST-Cons.ass..l904-6 78« Long Island City +95 IOO" 2d mortgage, 7s 75 Louis'a A Mo., 1st m., guar 164" 3d mortgage, inc., 1911 34)4 Newark City—7s, long tl09 111 East Tenn. 4 Georgia—6s. 90 95 do 2d 7s, 1900 H. 4 Cent. Mo., 1st.. 1890. 110 Water, 7s, long +114)6 118 E.Tenn.4 Va.—6s,end.Tenn sir. 100 St. L.Jack. & Chic, 1st m. mo" N. Y. Central-os, 1883 105)6 108)6 Oswego—7s +101 103;,; E. Tenn. Va. 4 Ga.—1st, 7s. BE 97 Miss.Riv.Bridge,lst,s.f,Os 8s, 1887 109 I*oui.'hk<'epsie—Water +112 115 Stock 35 40 Chic Bur. & Q.—8 p.c, 1st m 108 6s, real estate 104H .... UoHiostor—Water, 1903.... +113 115 Georgia RR.—7s 108 118 Consol. mort., 7s lao 6s. subscription 104)6 Toledo—8s, water, 1894 +111 6s. no 108 • 107" 5s, sinking fund *101 N. Y. C. & Hud., 1st m., cp. 123)»134)6 7'30s +105 Stock 70 '.'.'.'.'.' 96" Chic. Rk. I.& P.—6s, cp.,1917 do 1st in., reg. 133)6 •••• Yonker's—Water, 1963 +111 114 Greenville 4 Col.—7s, 1st m. .-;.-,' 6s, 1017, registered , *ii3ii Huds. R., 7s, 3d m., s.f.,'85 110 RAILROADS. 7s, guar 65 Keok.& Des M., 1st, g., 5s 95 !,»',. Canada South., 1st, int. g. .... 87 Atchison & P. Peak—8s, gld 106 120 Macon 4 Aug.—2d, endors. 11.-1 IOO of '90. IOO Central N. J.— 1st m., 113*6 113)6 Harlem, 1st m., 7s, coup. .. . 126 Bost. & N. Y. Air-L—1st m. Kill Memphis4 Cha'ston—lst,7s 88 1st consolidated do lstm., 7s, reg ...J135 Cent, of la.—1st m., 7s, gold 80 85" 2d, 7s 71 75 do 101 104 assented 99)6 99Ji N. Y. Elevated—1st, 7s, 1906 111 I .... Chic.&Cnn.So.— 1st m.,g.,7s 50 57)6 Mississippi Cent —lstm., 7s Convertible Ohio 4 Miss.—Consol. s. f'd 109)«tU0 Chic. & East. Ill—1st m., 6s 87 89 2d mort., 8s UN 104 do assented 99kS 99Js Consolidated now! .... 2d mortgage, inc., 7s 47 52 Miss. 4 Tenn.—1st m., 8s, A no 115 "... s.-) 93 Adjustment, 1903 103 ad consolidated 100M 100J6 Chic. St. P.4 M.—6s, g., new 103 1st mortgage, 8s, B Lehigh & \V. B., con., g'd. 100 105 1st m., Springfield div 35 I.and grant, 6s, gold 92 Mobile 4 Ohio-Sterling, 8s 70 85 70 85 do assent'd 70M so Pacific Railroads^ Chic.& Southwest.—7s, guar 108 11(1 Sterling, ex cert., 6s 70 Am. Dock & Impr. bonds 90 91 Central Pacific^—Gold bds. 109w!l09)6 On. Lafayette 4 Ch— 1st in 75 83 8s, interest BO do assented tss San Joaquin Branch.... 101« 103)6 Cin.& Spr—1st, C.C.C.4I.,7s 96 98 2d mortgagees 15 85 vnicMil.Jt St.P.—lst,8s,P.D 188 Cal. & Oregon, 1st 100 1st m., g'd L.S. 4 M.S., 7s. 105 New 1st mortgage SB 91 2d mort., 7 3-10, P. D.... State Aid bonds 108 Col.4 Hock.V.—lst,7s,30 yrs +106 New debentures 41 -44 1st 112 ra., 7s, * gold, R. D. 112 Land grant bonds 104« 1st, 7s, 10 years +100 N. O. 4 Jacks.—1st m., 8s. . no 1st m., La C. Div iia Western Pacific bonds.. 103 2il, 7s, 20 years +100 10)9 Certificate, 2d mort., 8s. .. 104 107 1st m.,I. & M in South. Pac. of Cal.—1st m. t80 Dan.Urb. B1.4P—lst,7s,g. mt 66 Nashville Chat.4 St. L.—7s. 102)i lstm., I. &D ui Union Pacific—1st mort.. KBIJj 10W Denver Pac—lst,7s,ld. gr..g 80 (Id 1st, 6s, Tenn. 4 Pac Br. .. a lstm.,H. &D Land grants, 7s 114 Erie 4 Pittsburg—1st m., 7s 100 llil 1st, «s, McM.M.W.4Al.Br. s Ids lstm..C. AM 112* risk Sinking fund 111)6 112*6; Con, mortgage, 7s 102 1(11 Norfolk 4 Petersb.—1st, 8s. 10.) 116" Con. sink itr.' fund iotS Registered, 8s mo 7s, equipment SB (III 1st mortgage, 7s 2d mortgage Pacific RR. of Mo.—1st m. 103*6 Evansv. 4 Crawfordsv.—7s. 102 lor. 2d mortgage, 8s 108 100 lstm., 7s, I. & D. Ext 3d mortgage 106 Kvansv. T.II. r,r, Northeast., S. C—1st m., 8s. va & Chic—7s, g, 88 ldo" Chic. A Northw.-Sink. f'd.. no Income, 7s Flint 4 Pore M.-Ss, I'd gr't 05 2d mortgage, 8s 100 Interest lsts, 6s. 96 100 bonds KM 1st m., Carondelet Br. . «alv.Hous.4H—7s, gld,'71 B8 Orange 4 Alex'a— Consol. 118 96W bonds South Pac. of Mo.—1st m. 98)6 Gr'nd R.&Ind.—lst,7s,l.g.gu 10B 2ds,6s S5W Extension u>:i'4 67 bonds Kansas Pac.—1st m. ,6s, '95 1st. 7s, Id. gr., not guar... 95 3ds,8s 8* 1st mortgage 107 107)6 lstm.,6s,'9r),withcp.ctfs 119)4 1st, ex land grant, 7s 77 4ths,8s 211 115 Coupon gold bonds um 114 lstm., 6s, '96 Hons.4 Gt.N.—lst,7s,g..ctfs '.13 Rich. 4 Dan.—1st consol., 6s •88. tea Registered gold bonds. .. na« 11 I do with coup, ctfs riiii liidlanan. Bl. 4 W.—1st m.. 88 Southw. Ga.—Conv., 7s, Iowa Midland, 1st m., 8s.. 115 Stock !f> 102 1st m., 7s, Leav. br.. 98. Indiana Bl, 4 W.— 1st m.. . 59 61 87" 298 THE CHRONICLE. [Vol. XXIX. NEW YORK LOCAL SECURITIES. Bank Stock Lint. Intnram « stock List. [Quotations hy K. s. Bailiy. Broker.7Plne itreet.] COHPANIIS. Surplus l'lVIDKNr.S. at latest Net dates. Surplus Paiofi. 5 Bid. Ask. Companies. TSSiSBP * *•-»* Period 1877. 1878. Last Paid. July 1, l"ar. Amount 1879.* 1876. 1877 1878. Last Paid. Bid. Ask. 100 3.000,000 :,F85.0"0 J. ft J. 8 July, America* -to. 3!,; 130 Adriatic too 5,000,000 400 M.&N. May, '70. 25 800,000 4,S77 10 10 6 '78. 5 Am. Exchange. 1,214 8 110 Attn* July, 100 250,000 ft J. Inly, -79. ion 200,000 -10,944 25 15 '78. 3« 70 Bowery 183,100 J. 5 American BM July. 80 1,000,000 1,252.100 J. ft J. ie July, '79. 8 50 400,000 t460,)9 15 14 July '79. SW Broadway American Exch Butchers'* Dr. 2") 1100,1)0(1 92.300 J. ft J. 8 July, '70. 3 103 100 800,000 68326 10 10 Ju y. '76. 5 100 Amity 200.000 '7"* Central 100 2,000,000 346.80) J. ft J. 8 Juty, -79. KM) 4 N'n Jan.. 4 SJ» 103X Atlantic Chase loo 300,000 27,000 50 200.0(H) 10 10 July ")H. b es Iiowery 25 300,000 1--0 Chatham SB 450,00(1 100,000 J. ft J. July, •79. 8 398,757 20 20 June '79.10 200 Broadway 1H0 Chemical too BOO.OOO 3,221 000 Bl-m'ly 100 July, 79.15 25 200,000 298.201 20 20 A.g. •7«. 8 800 Brooklyn 153.0O0 170 Citizens' 25 (100,000 167,000 J. ft J. July, •79. 8 17 197,692 20 20 Ju y '79.10 Citizens' 20 488,(81 ISO lie. City 100 l.HOO.OIK) 1,411.000 M.&N. 10 May, •79. 5 300,000 20 20 20 In y, '79.10 City 70 103.101 10-72 110 Commerce .... 100 .-.000.000 2.633.000 I. ft J. Ju y. 79. 4 131« 210.000 20 VtH *.ug. '79. 5 120 Clinton 100 145.144 1H no Continental 100 1,000.000 16(1,700 J. ft J. July, 79. 3« ion 101 250,000 20 12 Inly. |79. 5 120 30 — 4) Corn Exch'ge*. 100 1.000.000 82H.600 ff.ftA. 10 10 Aug. •79. 5 188 145 Columbia 300,000 1,422 10 5 N'ne July. '77. 5 50 Commercial ... 50 105 KastKlver .... SS 250,000 03 800 J. ft J. July, •79. 200,000 100,780 25 25 18 Jan.. 6.10 120 3H 3H Continental.... 100 ,000,000 1,010,755 11-45 12-50 170 11th Ward'.... 25 100,000 11,400 J. ft J. July, •76. 8 1 13 40 Ju y Kagle 40 300.0(H) 531.670 210 Fifth 100 150,000 43,700 J. ft J. \\i July, •79. 3 20 20 Apl . Filth Avenue". 100 100,000 199,000 225 Empire City 100 200,000 80,008 14 10 Juiy. •79. 5 1"0 105 fexciiange 80 200,010 105,240 10 100 107 First 100 500,000 1.570.000 'tw'.' a July, "ro! 6 475 15 Aug. •79. 5 50 185.8S2 115 125 Fourth loo 3,200,000 007,000 J. ft J. July, "79 8 Farragut 200,000 15 15 July. 79. -ni 17 68,253 95 100 Fnlton 80 000,000 308.400 M.4N. May,. •79. 8J4 Firemen's 204,000 12 10 July, •79 3* 7 •79. Firemen's Fund 10 150.000 10 N'ne 'tily. •77. o 80 . 1,000,000 Gallatin.... no 671,200 A.ftO. Apl , 3* 10 73,673 100 German Am.' T. 750,000 52 400 F.4 A. Aur. •79. Firemen's Tr 150,000 12 II July. 79. 5 2H 20((.ooo 110 German Eich.' loo 200,000 49,000 May. May, •79. 5 Krankllr.&igtnp 100 147,083 J'dy, '7*. 7 120 16" 130 Germ aula* 100 200,000 41,100 May. May, •77. German-Araer too 000,000 822,547 10 Ju'y, '79. 5 140 16. Greenwich*.... 25 200,000 14,300 M.&N. 7 May, '79. 8 103 Germanla 50 500.000 703,104 30 22 July, 79 7 175 Globe 50 200,000 124,938 20 10 5 107 Grocers*...... SO 225,000 18,400 J. ft J. 3 Jau., '77. 8 Ju y. 25 20O. 1 3311,020 250 Hanover 100 1,000,000 217.3110 J. ft J. 7 July, •79. 108^ Greenwich 40 30 Ju y, '79. 7tv 314 60 Imp. & Traders' 100 1,500,000 1,8811,1100 J. ft J. 11 July, '79. 7 Gnardlan 100 200,000 28,078 10 ny. •79. Si, 70 Irving 50 500,0(Kl 1311.100 .I.&.l. 8 July, •79. 4 Hamilton 15 150,000 127,694 20 July. •79. 5 115 128 039,569 150 Island City* ... ro 100,000 0.700 J. ft J. 8« Jan., •78. 8 Hanover 50 500.000 10 July. •79.18 100 Hoffman 50 200,000 50,883 10 •79 5 80 87 Leather Manuf. 100 600,000 427.800 J . ft .1 12 Ju.y, •79. 4 10 Iu'y. 100 li.OOO.ooo 1,179.59.1 •79. 120 128 Manhattan*. .. 50 2,050,000 ,059.000 F.& A 8 Aug. '79. SHIS? Home 10 10 luly, 5 509 50 Manuf. &Mtr.' 20 100,000 8,81,0 J. ft J July, •79. .... Hope 25 lfO.000 10 10 Jan., •79. Sx 2X 04,260] 80 '96 Marine too 400,000 101.900 J. ft J July, •79. 3 .. Howard 50 500,000 12 12 10 Jan., '79 5 101X 200,000 IOO 106 Market 500,000 288,800 J. ft J July, •79. Importers'* T.. 50 86,070[l2 12 10 Ju y. '79. 5 100 3X116"" 7,45310 60 70 Mechanics' 25 2,000,000 97O.r00 J. ft J. July, •79. 4 Irving.... 100 200.000 13 10 July. •7U. SH 125 Mech. Assoc'n, 50 500,000 68.TO0 M.4N May, •79. 2 .leffersoa. 30 200.010 +288,688!l0 10 10 Sept. •79 5 1S9 KingBCo.(Bkn) 20 150,000 188,010:20 •7910 180 Mech'lcs ft Tr, 25 300,000 78,000 M.&N July, •79. 2H 20 20 ;uiy, "60 40 2x0.000 •79. 45 Mercantile 100 1,000,000 179,50) M &N JMay, 79. 3 Knickerbocket 8,420!l0 10 5 Ja.. . 5 50 143,113 20 '79 6 120 ISO Merchants*. .. 50 2,1 , 708,000 .1. ft J 6Ji July, '79 SJ^ Lal'ayette(Bkn( 150,000 20 16 Jnly. 100 93,141 •79. 95 106 Merchants' Ex SO 1,000,000 144,400 J. July •79. 21, I.auiar.. ,, 200.000 10 10 10 .In y. 5 J.& 35,537 SO •79. 25 150,000 1 10 Jaly. •79 5 90 Metropolis*. . 1001 300,000 57.000 1.4 J. July, 8«. Lenox 10 10 l,onglsl.(Bkn.) 50 200.000 200,704 20 1(1 luly, •79 5 180 ISO Metropolitan . 100,3,000,1(00 842,600 J. ft J. July, '79. 4 20 31,194 10 •79. 00 78 Murrav Hill* ., 100 100,000 80,700 July, •79. 6 I.orillard 25 300,000 10 10 Jan., 5 NasBuu* ioo 1,000,000 47.500 m'.&n! May, •79. Manur.ft Build. 100 200.000 203,802,11 12 12 July, '79. « 140 2« 119,904 100 106 NewYcrn. ... 100:2,000,000 700,500 J. ft J. July, '79. 4 Manhattan 100 250,000 14 20 10 luly. '79. 5 N. Y.Coautv.. 100 200,000 72,500 .1.4 J. July, •79. 4 Mech.&Trad'rs' 25 200,000 240,935j80 80 20 July. •79.10 185 170 150,000 179,80:120 K',5 N. Y. K. iixeh. 300,000 75,600 F. ft A. Ug '79. Sii Mecb'lcs'(Bku) 50 20 20 Ju y. •79.10 38,28010 •79 70 Ninth 750,000 71.000 July, •79. Mercantile.. . 50 200.000 10 10 July. S J. ft J. 2* 153,20920 No. America' 700,000 54.600 I.&.I. July, '77. 3 Merchants' 50 200,000 20 18 July. •79. 5 ISO ISO 5(1 200.000 08,541 20 :os 112 North River*. 240,000 82 2 J. 4 J. July, '79. 8i Montauk (Bkn) 18 12 Juiy. •79. 5 1)15,65225 165 Oriental* 300.000 109,900 1.0. .1. 11 July, '79. 4 Nassau (Bklyn) 50 200,000 20 20 Ju y. 79.10 1 200,000 104.095 16 '79. 102 109 Pacific 422,700 211.500 Q-F. 12 "•ig 79. 2K National 371,; 14 10 July. 5 Park Equitable 35 210.000 304,306 20 20 20 July, •79. 5 100 70 100 2,000.000 309.500 1 . 4 J J'.ly. '79. 8 N.Y. 200.O00 133,855 no 126 People's* 25 412,500 138,800 I.4.T. 10 July, '79. SJ$ New York Fire 100 20 17 14 Au 4 '79. 5 Phenlx 100 200.000 21,120 . N'ne 65 20,1,000,000 153,100 J. & J. 6 Jan , '79. 3 80* N. Y. 4 Boston 300,0il() 22,054 10" 50 Produce* 50 125,000 58.700 July, '74. S!» New York city 100 ho N'ne Jan '79. 8 454,28; 115 Republic 100 1,500,000 3.17,200 f'.'&X An*. •79. 35, 103 Niagara BO 500,000 10 12 11 July. '79. « St. Nicholas.... 88 350.000 111,976 12 11 '79. 4 108 118 100 500,000 125 800 F.&A. AK Aug. •79. 3 100 North P-lver... 10 Apl , 400,20330 '76.10 210 232 Seventh Ward. 100 300,000 53,100 J. 4 J. 8 July, •78. 3 Pacific 25 200,000 20 80 July. 2O0IHH) 102,046' '79. lots Second 100 300.000 SI.900 J. ft J. 10 9 July, '79. 4 I'ark 100 2 20 2 July. 6 20 150,000 198,687120 '79.10 U-0 niioe ft Leather 100 500,000 2 .«.:« (1 J.ft J. 10 10 luly, '79. 4 Peter Cooper.. 20 20 Ju y. 104,05520 11(1 120 Sixth 100 200,000 41.200 J. ft J. 7 e July, 79. 3 People's 50 150,000 18 12 Ju y •79. 6 497,251 lit) State 50 1 000,000 20 jnly, •79 5 115 of N. Y. 100 800,000 196.100 M.&N. 7 7 May, '79. 3W Phenlx (Bklyn I 20 15 Third ...... 100,1,000,000 104,000 Jan., •78. Produce Exch 100 200,000 3\i 'ne J-n., •77. SH 65 J.ft J. 8 8 3 40.849 Tradesmen's. 40 1,000,000 269 400 July, '79. Kellef 50 200,000 iS** 10 10 Jnly. '79. 5 J. 4 J. 1 7« SH 24,63810 Union 50 1,200,000 0611,000 M.&N. 8 10 May, '79. 4 Kepubllc Kid 300,000 10 July. '79. 8« - West Side .... 100 200,000 104,7t;0 8 July, '79. P.lugewood.... 100 200.000 13 12 10 Ju y, '76 5 86 J.ft J. 8 6 103,078 Itutgers' 25 200,000 25 20 20 July, '7910 1 50 Saleguard 100 200.000 15« 18 16 •iul», '79 8 ion 5 The figures In this column are of date June 14, 1879, for the National banks, and St. Nicholas... 25 200,000 23,82510 10 9 Ang. •79 6 70 of game date for the State banks. Standard 50 200,000 160 272111-55 12-35 6-23 J. lv, '79. 3« 110 156 Star 100 300,000 118,074 15 17* 12« July, •79. 6 111 116 Gas and City Railroad Stocks and Bonds. Sterling MX) 200,000 84,310 10 10 10 Au.. •79. SW 70 80 Stuyvesant 25 200, .1 143,401 14 Jnly •79. 5 [Gas Quotations by Oeorge Prentiss. 24 H. Broker, Broad street.] Tradesmen's... 25 300.000 106.523 10 -in v, '79 5 108 United StateB.. 25 250.000 210,962 12 July, '79. 5 300.(00 101.565 10 Aug •79. 5 110 Gas Companies. Date. Westchester. to Par. Amount. Period. Bid. 250,000 403,362 July, '79.10 1S5 * ABk. Williamsb'g . 50 Brooklyn Gas Light Co 25 2,000,000 Var. May, '71 Ill 115 Citizens' Gas Co illklvn) 20 1,200,000 Var. July, '71 51 57« * Over all liabililles. Including re-lnsarnnce, capital and rcrip + Inclusive o do bonds 1,000 815,000 A.&O. 18»S 95 100 scrip. Flsu-ej with a minus sign (— ) Indicate extent of Impal ment. Harlem 50 1,850 000 F.&A. Feb., '71 87 -15 Jersey City ft Hohoken 20 750,000 J.ft J. July, '7: 135 115 Manhattan '71 City Securities. 50 4,000.000 J . 4 J Oui e, 131 14') Metropolitan 100 2,500,000 M.&S. Aug., '71 108 115 [Quotations by Dantbl A. Moran, Broker, 27 P,na Street.] do certificates Vr. 1,000,000 M.ft S. Aug . *7l 99 101 Mutual, N. r 100 .-,.(1(10.(111(1 Quar. July. '7! 50 55 do bonds 1,000 1.000,000 F.& A. 1882 10) 104 Nassau. Brooklyn 25 1,000,000 Var July, "71 50 57 Bonds '7 Payable do scrip Va . 700,000 M.&N. May, 82 90 Mouths due. New York 100 1.1 .((((" M.&N. May, '71 NO 87 People's (Brooklyn) 10 1,000.000 J. * .1 Ja".. '7( 15 20 mw York: do do bonds 1,000 30(1,000 M.&N. 1897 90 96« Water stock 18J£r*3. 5 Feb., May Aug.4 Nov 1880 100 101 do do certificates. Var. 300,000 J. & J. July, '7! 70 80 Croton waterstock. .1845-51. 5 do do 1890 104 105 Central of New York 50 406,000 F.& A. Au<.,'7! 50 60 do do ..1352-60. « do do 1888-1390 114 107 Williamsburg 50 1,000,000 Quar, July, '7! 70 80 Croton Aqned'ctstock.1865. « do do 1884-1011 100 113 do scrip Var. 1,000,000 J.ft J. July, '71 85 95 do pipes and mains... 7 May 4 November. 1881-1600 110 124 Metropolitan, Brooklyn '7! bonds Feb., May, Aug.& Nov 1807-1911 108 (12 100 1 .000.000 M.&N. May, 40 50 lo reservoir fl Municipal 100 1,500,000 luce, '71 112 120 Central Paik bonds.. 1853-57. 5 do do 1898 10s 109 118 109 do bonds . 750 000 m!'&N. 188S 105 a 10 do no ..1853-65. « do uo 1895 Dock bonds 1870. 7 May 4 November. 1901 188 128 [Quotations by H. L. Grant, Broker, 145 Broadway.] do 1"75. 6 1898 io- 109 Market stock 1865-68 May & November. 1894-1897 ns 119 * ImpDvumetMstock — 1S69 « do do 1889 '07 108 I K Bleecker Sl.it Fullonterry—stk. 100 900.000 J. & J. Jnly, *7S 12 20 do ao ....18t9. 7 do do 1878-1890 108 ne 1st mortgage 1,000 694,000 J. & J. J'ly.1900 85 90 Consolidated bonds var « g- do do 1901 US 115 105 Broaiwuy dc Seventh Are—stk.. 100 2,100,000 Q-J. July, 79! 60 65 Street Imp. stock var. « do do 1888 102* '.. 105 1st mortgage 1,000 1,500,000 J.4D. Juy. '84 101 102 do do var. 7 do do 1S79-1882 102 Brooklyn City—stock ft July. 1896 113 115 10 2,000,000 Q-F. Aug. 79 130 140 New Consolidated « (T. January 1st mortgage 1,000 800,000 M.&N. Nov., '80,102 110 Westchester County 7 do do 1891 118 119 S'oadway I Brooklyn}—stock.. 100 200,000 Q-J. July, '7o;i35 150 Brooklyn ,fc Hunter's Pt—stock. 100 400,000 A.&O. Arr. '79 95 100 1st mortgage bonds 1,000 800,000 J . & J 1888 102 [Quotations by N. T. Baaas, Jr., Broker, 1 New St.] Bushwick Av. (R'klyn)—stock.. 100 500,000 92« antral Pk„ y.A E. River— GIB.. 100 1,800,000 j'.'& j! July. '79 45 Brooklyn— Local lu> r'em't— 1879-1880 101 103 Consolidated mortgage bonus. 1,000 1,200,000 J.&D. Dec.1902 City bonds 7 Jaiuary ft July, Dry Dock, £'. B. 1879 S0PTKMBER 20, ] THE CHRONICLE. 299- %uvizstmmt$ Grand Rapids & Indiana. (For the year ending December 81, 1878.) AND The annual report of this company is issued at a very late date. For last year the report shows the following: STATE. CITY ANT) CORPORATION FINANCES. 1878. , , 1877. Passengers carried 509,320 473,977 Passenger mileage The Investors' Supplement is published on the last Saturday 15,184,660 14,O77,ii30 Tons freight carried 383,310 furnished to all regular subscribers of the 338,578 •f each month, and Tonnage mileage 42,437,701 33,633,459 Chronicle. No single copies of the Supplement are sold at the The average receipt per passenger per mile 2'80 .-fflce, as only a sufficient number is printed to supply regular was cento; mile, 1'65 tnbseribers. One number of the Supplement, however, is bound per ton per cento. up with The Financial Review (Annual), and can be purchased The earnings for the year were as follows: in that shape. 1878. 1877. # Passenger $425,882 $301,950 Freight. 699,557 622,007 ANNUAL REPORTS. Kxpress, mall, &o 75,189 83,148 Total $1,200,629 $1,097,107 Texas & Pacific. Expenses 938,170 748,361 (For the yar ending May 81, 1879.) Netearnlngs $242,458 $348,745. earnings The road remained substantially the same in mileage. The Payments from net are reported as follows : lines are from Shreveport, La., to Fort Worth, Texas, 21969 (.'instruction $4,243 '05 Interest paid on unguaranteed bonds, Ac 233,800 mite ; from Marshall to Texarkana Junction, 69 miles, and Interest on Cincinnati Richmond <& Fort Wayne bonds 20,980 the Trans-continental Division, from Texarkana to Sherman, 155'12 miles. There are 40'71 miles of sidings, T27 miles Total $205,084 having been added during the year. The total interest account for the year was the The equipment consists of 49 engines; 26 passenger, 2 com- $514,997, deficiency being met by the Pennsylvania Railroad Company aft bination, and 13 baggage, mail and express cars; 483 box, 160 guarantor. stock, 288 flat, and 31 caboose cars; 1 directors' car, 6 boarding, 2 wrecking, and 2 pile-driver cars. CINCINNATI RICHMOND & FORT WAYNE. The general account (condensed) is as follows : This road is leased and has $1,800,000 first mortgage bonds* is jointly Stock $0,09(5,000 interest on which guaranteed by the Grand Kapids & Bonded debt 19,286,264 Indiana Company, lessee, the Pennsylvania Railroad Company Sinking fund, first mortgage bonds 71,040 and tne Cincinnati Hamilton & Dayton. Advances by the June coupons 9(3,490 guarantors up to December 31, 1878, amounted to of Special loans running one to five rears. 587,097 $505,635, Replacement of equipment 29,320 which $176,918 was due to the lessee; $177,477 to the Pennsyl- Land accounts 60,040 vania, and $149,912 to the Cincinnati Hamilton & Dayton. Bills and accounts payable 547.9!>5 The earnings for the year were as follows : Balance of income" account 105,380 1878. 1877. Total $27,770,228 Gross earnings $304,510 $286,528 Construction (including cost of survey and Expenses 2 15,762 198,314 locution of entiro line to San Diego) $26,638,713 Stocks, bonds, &c 431,737 Net earnings $88,747 $88,214 Suspense account 126,160 The interest on bonds amounted to $127,301; on amount due Land accounts 302.246 Cash, materials and receivables 271,369— $27,770,228 guarantor, $27,842; total, $155,143; showing a deficit of $66,395, which was met by further advances from the guarantor com- The bonded debt consists of $3,552,000 first mortgage, panies. f7,548,000 consolidated, $6,994,000 income and land grant, and $773,000 old land grant bonds, with $131,915 funded coupons ('nun-client & Passumpsic Rivers. of the last-named issue; $185,366 Texas school fund loan; (For the year ending June 80, 1879.) $95,997 bond scrip, and $5,985 interest scrip. The report, for the last fiscal year gives the traffic, earnings, The traffic for the year was as follows : and expenses as follows 1878-79. 1877-78. 1878-79. 1877-78. Passengers enrried 191,958 245,112 Passengers carried 135,494 133,303 Passenger mileage 11,651,044 15,004,800 Passenger mileage 4,400,57 4,4 04 ,983 Tons freight carried 379,125 388,967 Tons freight carried 136,115 131,923 Tonnage mileage 50,723,818 51,022,434 Tonnage mileage 8,574,448 8,179,341 - - Of the tonnage moved, 26 29 per cent was lumber, 16 17 per The earnings for the year were as follows : 1878-79. cent cotton and 10"60 per cent live stock ; cotton carried was 1878-77 - Passengers $194,276 $201,030 247,972 bales, an increase of 15 63 per cent. The loss of traffic Freight 294,477 311,023 was chiefly in lumber and stock. Mails and express 20,168 28,825 The earnings for the year were as follows : KcntB 10,022 17,732 1878-7*1 1877-78. Passengers $456,576 Total $524,945 $558,612 $592,094 Expenses 324.447 336,021 Freight 1,582,923 1,660,045 Express, mail, etc 96,641 77,971 Netearnings $200,497 $222,590 Per cent of expenses . .» 61-80 6015 Total $2,136,143 $2,331,310 Expenses 1,397,513 1,448,439 Earnings have been diminished by loss of passenger business and low rates. Netearnlngs $738,629 $882,870 Per cent of expenses 05-42 62-13 The income account was as follows : Net earnings, as above $200,497 The loss in earnings was due chiefly to the stoppage of traffic ! a terest received 19,196 by rigid quarantine regulations and the cessation of immigration into Texas—owing to the yellow fever excitement, the same Total $219,694 Interest on bonds and notes $100,782 causes affecting the freight traffic, largely through cessation of Interest on Massawippi bonds 24.000 demand for lumber. There was also a falling off in live-stock 1 >i vidcuds on stock 65,184 and general merchandise. Dividends on Massawippi stock 1 2,000 201,966 Expenses were increased by the necessity of keeping up passenger-train service in spite of loss of traffic, and by large Surplus for the year $17,728 renewals. There were 1,760 tons of steel rails. 141,700 new ties, Surplus as per last report 87,670 and a large amount of other material, put in the track ; the Total surplus, July 1, 1879 $105,398 work of ballasting- was continued. Much was done in renewing There were used in renewals 404 tons iron rails, 201 tons steel-' and improvine bridges, filling in trestles, and similar work. The rails and ties; 6,166 rails were repaired relaid. buildings on the road were fully maintained and many improve- 57,889 new and ments made. One engine and two passenger cars were added, and the equip- The income account ment generally improved in condition. The road and bridges (condensed) was as follows : were Kept in thorough repair. It is recommended that Balance, May 31, 1S78 $370 "18 Less sinking fund, old Interest, etc .'.'.". $100,000 be borrowed for the purpose of buying steel rails. .\...... [ .[ [ I59,'ii8t " The report says : The Southeastern Railway, from which Net balance cioi/iqq. we expected so much years ago, and which has caused us so Gross earnings :.»:::::::::::::::::::: 2^30,143 much loss and unpleasant controversy, has lately passed into Total a., ,,-., (,-u other hands and is now being put into first rate condition, and Expenses of ' road ....$£8OT,518 will I/egal 1,200 tons of steel rails be laid in the track this season. expenses, premium, taxes, etc 137 (;(;-> Interest 712417 Our relations with that road at the present time are of the 2,247,597 most friendly nature, and we feel confident will continue both pleasant and advantageous. Balance, May 31, 1879 $105,380 "In order to effect the extension of our line into Montreal, The land grant of the company amounts, so far, to 5,491,702 independent of the Central Vermont and Grand Trunk rail- acres; of this 640,000 acres were transferred in trust, but ways, whose charges to us were such as to virtually preclude probably 80,000 acres will be returned. Sales for the year our doing any freight business, it was necessary that the Mon- amounted to $31,222; cash receipts on land account were treal Portland & Boston Railway should be completed betweei 528,685, besides $5,249 in bills payable. Expenses of land West Farnham and Longueil; and in view of the importance of department were f 28,005 for th« year. securing this independent line, the directors did not hesitate ta — 300 THE CHRONICLE. [Vol. XXIX. authorize the obtaining control of the Montreal Portland & although operated by Canadian railway companies, are not in Boston road, and the expenditure necessary to complete it. Canada, such as the Grand Trunk from the boundary line to That road has been finished to Longueil, opposite the city of Portland, and deducting these the actual length of railways in Montreal, and our cars are now running from Boston to Lon- operation in the Dominion on June 30, 1878, was 5,915^ miles, gueil and by ferry across the St. Lawrence River to Montreal, and the total length of railway finished and under construc- ftius avoiding the unwarrantable charges and delays which tion, 7,678 miles. There are eighty miles of double track in- we have been subject to heretofore, and will enable us to make cluded in this railway mileage. Of the completed lines, 390 a popular line between Boston and Montreal. miles are of the 5-ft.-6-in. gauge, '5,741^ of the standard gauge " Arrangements are agreed upon whereby the Southeastern of 4ft. 8^in., and 733 miles of the 3-ft.-6-in. gauge. There has road will operate the whole line between Newport and Mon- been a decrease of 149^ miles since the former year in the treal. By this arrangement we shall receive interest on the mileage of railways of the 5-ft.-6-in. gauge, and an increase of money invested, and at the same time secure to our road the 706% miles in the mileage of the standard gauge. The nomi- benefit of the additional business developed." nal capital raised for the railway system of the Dominion by The general account (condensed) is as follows : June 30, 1878, was as follows : Stook $2,175,700 Ordinary share capital $122,176 083 Bonds 1,388,500 Preference oapital 69, 155.683 Notes payable 233,000 Bonded debt 83,710,933 8 uudry accounts and balances 30,883 Earnings 105,398 $275,042,705 Reserve 330,375 " Amount of aid from Total ; $4,263,857 Dominion Government $65,939,900 Construction $3,447,825 Ontario Government 2,229,039 Missisquci & Clyde Rivers bonds 350,000 Quebec Government 8,513,613 Mt. Washington stock 13,600 New Brunswick Government 2,730,000 Montreal Portland & Boston Railroad 57.023 Nova Seotia Government 818,750 Mempnremagog House 25,242 Amount of aid from municipalities 7,224,578 E. Raymond, in trust 159,893 Cash, materials and receivables 210,272 $87,4.56,481 4,263,857 Less included in paid-up securities 1,882,000— 85,574,481 The bonds outstanding increased $115,500 and notes $60,000 $360,617,186 during the year. No additions were made to construction .account. " This was an increase on ordinary share capital of $6,524,082; preference share capital, $278,816; bonded debt, $3,832,555, and Atlanta & West Point. government and municipal aid $4,031,615, over the previous (For the year ending June 30, 1879.) year. " The nominal capital for each mile of railway is $45,995,which, The annual report supplies the following figures : as Mr. Brydges observes, is much larger than the actual cash TRAFFIC FOB THE TEAS. cost of railways. 1878-79. 1877-78. " The following table shows the mileage of steel and iron rails Passengers carried 39,662 41,081 Tons freight carried 74,885 69,133 and the equipment of the various railways, as compared with Bales cotton carried 73,491 70,503 what was reported in the previous year: 1876-77. The earnings for the year were as follows : 1877-78. Miles laid with iron rails 3,258>4 2,783>a 1878-79. 1877-78. Miles laid with steel rails 3,593 2,765H Passengers $97,580 $100,828 laid with wooden rails 23*3 25>a Freight 202,487 Miles 193,517 sidings 747% 688 express Length of Mail and 17,604 19,421 grain elevators 16 13 Miscellaneous 12,590 Number of 7,372 " road crossings, guarded 63 70 " road crossings, not guarded 6,671 6,001 Total $330,262 $321,140 " overhead bridges .' 309 334 206,892 Expenses 198,705 " crossings of other railways .' 91 81 *' junctions with other railways 143 126 earnings $123,370 Net $122,435 " junctions with branch lines 63 58 Per cent of expenses 62-64 61 - 87 " engines owned 1,038 981 " engines hired 12 14 Included in expenses is the rental of the Georgia and Central " first-class cars owned 496 462 tracks, which last year was $6,166. The expenses also include " nrst-class cars hired 34 35 " 294 $22,000 for new steel and iron rails in excess of annual wear, second-class and immigrant cars owned 309 " second-class and immigrant cars hired --_; and about $5,000 for new equipment; deducting these payments " baggage, mail and express cars owned.. 271 237 for improvements, the current expenses were 54J£ per cent of " baggage, mail and express cars hired 4 4 gross earnings. " cattle and box freight-cars owned 13,364 12,129 " cattle and box freight-cars hired...... 1,593 1,583 result of the year was as follows : The " platform cars owned 6,641 6,917 " Net earnings $123,370 platform cars hired . . 62 10 Interest account $5,628 " coal and dumping cars owned 1,317 1,050 Dividends, 8 percent 98,576 104,204 " The very large increase in the length of railway laid with steel and iron rails is owing to the fact that in the report for Surplus for the year $19,166 only the length of track laid upon railways which were Profit and loss balance, July 1, 1878 $107,880 1876-77 Less bond exchange account charged off 9,853 actually in operation was shown in the return, whereas the 98,027 present return gives the entire length of track laid, both on railways in operation and not fully completed. The decrease Profit and loss balance, July 1, 1879 $117,193 of 276 in the number of platform cars owned arises from one of the railways having previously returned as platforms a GENERAL INVESTMENT NEWS. number of cars which are, in the present return, correctly shown as hopper or dumping cars. The decrease reported in bridges is caused by the fact that Burlington & Southwestern.—It was reported quite posi- the number of overhead their returns, tively that this road was to be leased to the Chicago Burlington certain companies have neglected fully to make up failed to give any information about them at & Quincy Company, and that the lessee would extend it from and others have the present terminus at Laclode, Mo., southwest to Kansas City all. " year is 19,669,447, as compared about 90 miles. This rumor was afterwards denied on official The total train mileage of the authority. with 19,450,813 miles in the previous year, or an increase of 218,634 miles. The train-mileage statement is very incomplete, Canadian Railroads in 1877-78—The St. report John (N. B.) as railways representing a mileage of 766 have made no Telegraph says: " The development of railway building in passengers Canada in regard to their tram-mileage. The number of during the past quarter of a century has been remarkable, and carried was 6,443,924, against 6,073,233, or an increase of 370,691, at present there are few countries with better railway facili- equal to about 6 per cent. This statement, like the train- ties than the settled portions of the Dominion. total For the past mileage return, is incomplete, as railways amounting to a three years the Government has had returns regard compiled of the length of 520 miles have failed to make any statement in railways of the Dominion, their mileage, cost, and handled other par- to the passengers carried. The tonnage of freight ticulars, and the return for the fiscal year ended June 30, 1878, during the year was 7,883,472. The weight handled during the has just been printed and is now before us. The compiler of previous year was 6.859,796, showing an increase during the this return was Mr. Brydges, which fact is 15 a sufficient guarantee year ended June 30, 1878,- of 1,023,676 tons, equal to about of its accuracy, and although the information it no contains is per cent. Railways to the extent of 534 miles have made more than a year old, as it is the latest year we have, it is worthy of report of the tonnage which they have carried during the particular notice from the press. " The following statement shows the comparative traffic on the " There are now in Canada no less than fifty-six lines of rail- principal lines for the last two years: way constructed or building, of which this province (New freight. . carried.^ , Tons Brunswick) can lay claim to no less ,—Passengers than ten, including the 1877-78. 1876-77. 1877-78. 1876-77. Intercolonial. These lines have an entire mileage of 7,905 Trunk 2,025.737 2,028,214 2,387,942 2,181,961 Grand 1,622,342 miles, of which 6.143 were completed and in actual operation on Great Western 1,206,372 1,203,961 1,854,663 522,710 421,327 June 30, 1878, and 721 miles had the track laid but were Intercolonial 618.957 613,428 not 219,544 199,067 958,044 680,307 open for traffic, Canada southern while 1,041 miles were simply under construc- 234,122 252,362 207,249 244,120 Northern 128.987 tion. This return, therefore, shows an increase during the year Midland 127.268 12 .306 133,405 1131,529 94.300 112,150 of 569}£ miles in the mileage of railways actually in operation, Toronto Grev & Bruce 143.431 93,741 100.814 93,741 while the mileage under construction has decreased by 234% Toronto* Nlpissiug.. 99,140 miles, owing to a number of railways which were under con- " The earnings of the various railways for the year amounted struction at a previous return being now completed and in to $20,520,078, against $18,742,053 for the previous year. More operation. Of this railway mileage, however, 228 miles, railways made returns of their earnings than the previous year, : : September 20, 1879. J THE CHRONICLE. 301 •which accounts for part of the increase, but after making allow- section in Brookings County, which the road first enters after ance for that it is seen that the earnings per mile were $3,479, leaving Iowa, has been purchased and la being rapidly settled. an increase of $01 over the previous year, while the operating From the Sioux to the Jim River, seventy miles, a large force expenses per mile were $2,885, a decrease of $151 per mile from is grading and tieing, and by next season at the farthest the the figures of the previous year. The increase on the net profit on entire distance, 140 miles, will be in active operation. the working of the Canadian railways during the year was " The new railroad bridge at Beloit for the Sioux Falls exten- $968,013, or over 28 per cent in excess of the net profit earned sion will be completed next week The railroad company have by railways during the previous year. 200 tuns of rails in New York, enough to lay about two and a " The number of persons killed on the railways during the year half miles of road, which will be shipped at once and laid down was 97, of whom 11 were passengers and 45 employes, and 41 as received, and a junction made with the line of the Mil- neither; 361 were injured, of whom 25 were passengers and 800 waukee Company at Canton about the middle of this month. employes. The number of killed was less byl4 than during President Wicker expects to have the road completed to Sioux the previous year, and the number of injured showed an Falls early this fall. increase of 44." As the number of passengers carried was "At a meeting of the stockholders of the Dakota Southern 6,443,924, one passenger was killed for every 585,811 carried, and Sioux City & Pembina roads at Yankton on Monday and one passenger was injured for every 257,355 carried. evening, it was decided to merge the two roads into one organi- " The following statement shows the government and munici- zation, with the title of Sionx City & Dakota Railroad. After pal loans and bonuses paid and promised by the various govern- due action by the board of directors of the two roads, the ments and municipalities throughout the country, in aid of the necessary papers will be filed with the Secretary of State of different railways, including the cost of the Intercolonial, Prince Iowa and the Territorial Secretary of Dakota, and. the change Edward Island, Pacific & Quebec, Montreal Ottawa & Occi- of name will be perfected." dental railways, and the loans to the Grand Trunk and other Denver & Rio Grande.—Mr. W. J. Palmer, President of this lines, up to June 30, 1878. The accounts were as follows road, has issued a circular to the holders of the company's Dominion Government $65,939,900 Ontario Government 4,148,517 stock, in which he recommends for their acceptance an offer Quebec Government 10,815.146 from Messrs. Gould and Sage. The proposition from these parties - New Brunswick Government 3,178,000 is to buy from every holder of Denver & Rio Grande stock one- Nova Scotia Government 1 ,882,43;;—$85,903,996 half of his shares at $22 per share, payable, at the option of Municipalities in Ontario 8,147,445 the purchasers, in cash, in Kansas Pacific stock at 66, or in the Municipalities in Quebec 4,016,000 Municipalities in Nova Scotia 275,000 new 6 per cent Kansas Pacific consolidated mortgage bonds at Municipalities in New Brunswick 296,500— 12,734,945 88. President Palmer states that the largest stockholders have accepted the offer for the sake of securing strong partners and Total $98,698,942 avoidinglitigation. The offer remains open for thirty days. " The government and municipal aid to railways up to June The World money article says of this : " Considering that 30, 1877, was $92,824,737, making the increase during the past Denver & Rio Grande stock is about 28, and that Messrs. Gould year $5,874,204, made up as follows : & Sage have the best facilities for depressing Kansas Pacific, a Dominion G ovemtnent $2,643,519 stockholder in the Denver & Rio Grande road must feel a lively Ontario Government 897,747 Quebec Government 519,640 fear of future litigation, if he accepts the offer of these gen- New Brunswick Government 345,000 tlemen as a profitable alternative." Municipalities in Ontario 1,178.592 Municipalities in Quebec 293.000 Ft. Wayne Jackson & Saarinaw.— This road will be sold at Jackson, Mich., Dec. under foreclosure of first $5,877,496 3, mortgage. Less decrease in amount of subsidy promised by Nova Scotia The road extends from Fort Wayne, Ind., to Jackson, Alien., as compared with the previous year 3,295 and has a bonded debt of $1,500,000 first and $500,000 second mortgage bonds. $5,874,204 " The following shows the amounts still to be paid by the gov- Grand Trnnk < Can.)—The American Exchange says : "The- ernments and municipalities on the completion of the roads to Grand Trunk Railway Company of Canada has at last attained which : the various amounts are promised Dominion Govern- the goal of its desire in the completion of an independent ment, all paid; Ontario, $1,918,878; Quebec, $2,301,533; New connection to Chicago from Detroit. For some tinae past the Brunswick, $448,000; Nova Scotia, $1,063,682; municipalities, company has been striving to secure an independent line of its ; total still $5,510,367 a of $11,242,460 to be paid out of the own to Chicago, and step by step it has accomplished its object. $98,698,942 voted." It is understood that arrangements have been made by which Railroad will transferred Champaign Havana & Western.—A circular, dated Sept. the Chicago & Northeastern be by 2, 1879, has been addressed to the holders of Union Trust Com- Mr. W. H7 Vanderbilt to the Grand Trunk Company, and it is pany's certificates for Indianapolis Bloomington & Western stated that the troubles which the company has experienced in Railway Company Extension bonds. entering the city of Chicago are practically overcome. Before long the Grand Trunk Company will begin running its cars from The committee states in this " that on the 9th day of May they ppid Into court the whole purchase money of the road, received a deed for the Chicago to Portland, Me., and other parts of the New England property, and took possession of the road on the 10th day of May. States over a line absolutely its own. The route from Detroit Under the efficient management of Mr. Win. H. Smith, the receipts of the to Chicago is obtained through the Chicago & Lake Huron and road have increased forty per cent above the amount credited our road during; 1878, when run in connection with the main line. Your com- the Chicago & Northeastern railroads. The Chicago & Lake mittee have rebuilt an engine and rebuilt a bridge, and have expended Huron road consists of two divisions. The eastern division a good deal of money iu laying new ties, and report the road-bed and extends from Port Huron, Mich., to Flint, Mich., a distance of machinery to be iu fair working order. By giving bonds for the even- sixty-six miles. It was acquired the Grand Trunk Company tual payment of the old capital stock taxes, an injunction against levies by by the county treasurers was granted for ninety days. During this last June. The western division runs from Lansing, Mich., to period the matter was submitted to Judge Druuimond, By his decision, Valparaiso, Ind., a distance of 166 miles. The two divisions- the extension will pay one-sixth instead of over half of the capital stock make a line of 232 miles. The western division was purchased" taxes on the old Indianapolis Bloom. & West., as heretofore levied on our property. We estimate a saving of $35,000 from this decision. under chancery foreclosure in August. The capital stock of Your committee have had a line surveyed from the present terminus of the company ovraing the two roads was $5,775,000, and its our road at Havana, Illinois, tapping the Mississippi Hiver at both funded debt was $(>,140,000. The eastern division was formerly Quincy and Keokuk. A very good route at a grade of not over thirty- seven feet to the mile was obtained. The country through which the known as the Port Huron & Lake Michigan Railroad, and the Sroposed route passes is one of the oldest, best settled and most pro- western division was called the Peninsula Railway." * * * uctive in Illinois. Good beds of coal and building stone were found on " The connection from Valparaiso to Chicago necessitates the the route, which ought of themselves to furnish a large amount of construction of road. This has already been begun, and freight. Situated as the road is at present, without "any western a new connection, we. have no west-bound business and our cars go westward the road will be completed in a short time. The work is being absolutely empty. We deem it of vital importance that the bridge over done through the organization known as the Chicago & State- the Illiuois River at Havana built at once, bo during the present low Line Railroad, which was formerly the Chicago & Southern. stage of water, and that the road be extended westward at once, that we forty-five may have through wesMiound travel and freight, without which the The distance from Valparaiso to Chicago is about road can not be made a profitable one. We think we shall have miles." funds enough on hand to build this bridge, and ask the bondholders' consent to pay over whatever surplus wo may Illinois Central.—The St. Louis Globe-Democrat reports of hftve to the successor company to be used for that purpose. this road We have of late been much hampered for want of cars to carry the " is making just now several freight offered, and have made arrangements for the use of two hundred The Illinois Central Railroad cars on a mileage basis. Your committee delivered the road into the important additions to its line which, no doubt, will help in Bands of the successor company, the Champaign Havana & Western materially swelling its revenues. The Kankakee & South- «auway Company, on the first of September, receiving from them as rapidly extended to Strawn, : :,, western branch of this road is being •'•' 1 bonds, 1.100,000 first mortgage bonds, V".'-'-",'! Ji'.""" | ''l'"" J5**g' 1,850,000 stock. Bondholders can obtain the now securities on appli- a distance of eight and one-half miles. The grading is more cation to the National Bank of the Republic, New York. The annual than half done, and the work will be completed October 1. meeting of the shareholders ol the Champaign Havana & Western Rall- " point ( " '"' The Kankakee & Western branch from Kempton, a JW' )."'\ >y '» '"'Id at the general office of the company, In the City of distance Champaign, Illinois, on the second day of October, at 12 o'clock, on the Kankakee and Southwestern, west to Minonk, a of forty-one and one-half miles, is also being rapidly pushed toward line will cross the Chicago & Alton Connecticnt&Passiinipsic Rivers.—At the annual meeting completion. This and Wabash tracks two and one-half miles north of Pontine. m Newport, Vt, Sept. 11, the stockholders voted to authorize the " The Clinton Bloomington & Northeastern is the name of directors to borrow $100,000, to be repaid at the rate of another branch that is being constructed from Strawn to Bloom- $10,000 a year, the money to be used in buying steel rails for the road. ington on the main line of the Illinois Central, which will give it a short line to that important point. The length of thi* Dakota Railroads.—A Milwaukee telegram to the St. Paul branch will be thirty-five miles. Sixty teams are now at work Fran, Sept. said: 5, "Daniel Wells, conductor on the Dakota grading this line, and it is expected' to have it done in about extension of the Chicago & Northwestern Railway, says grad- two months. ng is completed seventy miles from Tracy to the Sioux River, " Work is also rapidly progressing on the additional double and the best steel rails are being laid a mile a day. Every track from this city to Oakwood. 302 THE CHRONICLE. ivou xxix. •' The grading for the new tracks from Parkside, at the Balti- between them and the people are better adjusted by the people more & Ohio Junction, north to Fifty-seventh street has aU and themselves than by any ironclad legislation. The same been completed, and all the station buildings hare been moved papers which publish your letters contain the announcement of back except those at Thirty-first street and Kenwood. At the the appointment of a committee of merchants to foment, agita- latter point a lot adjoining the track has recently been pur- tion upon the basis of hostility to railroads and to proffer chased, on which a new station house will at once be erected." support or threaten hostility to legislative candidites unless they will pledge an unquestioning support to whatever furthers road was Indiana Bloomlnsrton & Western.—The I. B. & W. this sentiment. While I hear with pleasure from gentlemen of sold under foreclosure, and purchased by a committee of the the high standing and character of your committee the assur- first mortgage bondholders, and the election of directors under ance that "you desire neither State nor Congressional legislation this newly organized company was held last week, as reported in which shall not, while protecting the public, be also just to the the Chronicle. The stock and bonds of the present company railroads," the present aspect and methods of agitation will be as follows : compel me to frankly and freely .«ay what I have. I believe First mortgage bonds $4,500,000 that any legislation upon the transportation question by the Second mortgage bond* 1 ,500,000 State, unless based upon general legislation first had by Income bonds l ,500.000 Common stock 2,000,000 Congress, will be disastrous to the commercial supremacy, and prosperity of New York. The State cannot tie the hands Total $10,000,000 of its roads, and leave their outside competitors free, without Of the $4,500,000 first mortgage bonds, $1,000,000 are made a working directly for the ruin of its mercantile and industrial preferred, and one-half of these preferred bonds are sold for interests, and for the growth of other and rival States and sea- the purposes of the reorganization, and if no more are required, ports. I differ, however, from many other railroad men, in be- the remainder will be canceled. lieving that Congress might take some action which would both The funded debt of the old company consisted of $3,000,000 benefit the public and protect investors. I certainly will be first mortgage bonds, $1,500,000 second mortgage bonds, very glad to meet the presidents of the trunk lines to discuss $2,000,000 first mortgage Danville IXrbana Bloomington & Pekin the matter and prepare, if possible, a bill to overcome the diffi- Railroad bonds, and $3,281,000 first mortgage Indianapolis culties, and also to meet with the representatives of commer- Bloomington & Western Extension bonds. The Indianapolis cial bodies, and arrive with them at an amicable understanding Bloomington & Western Extension was purchased under separ- and united action. This is surely wiser than to put these prob- ate foreclosure proceedings, and has been reorganized inde- lems up at auction for politicians to bid upon for votes. Very pendently of the main line. respectfully, Wm. H. Vanderbilt, President. "New York, Sept. 18, 1879." Indianapolis Cincinnati & Lafayette. —The purchasing committee issued a circular dated August 28, 1879, addressed Louisville New Albany & St. Louis.—The St. Louis Wo'>«- to the subscribers of the agreement of reorganization, and the Democral states that work on the Louisville New Albany & St. stockholders of the I. C. & L. Railroad Company. The circular Louis Air-Line road has been begun in earnest, and that by " November 15 fifty miles will have been laid from Albion east- says : The undersigned, purchasing committee, take pleasure in announcing that a majority of the holders of the bonds of ward towards Louisville. With this line, in connection with the 1869 and of the funded debt bonds have signed the agreement Southeastern and the Chesapeake & Ohio, a Southern trunk line of reorganization, and it is now in full force. It is believed that between the East and West will be established. decrees for the sale of the property will soon be entered. To Missouri Kansas & Texas.—It is reported that the Dutch will money, fully carry out the plan require a large sum of bondholders of the Missouri Kansas & Texas Railroad Company the terms of the agreement, is to raised the which, by be by have rejected the scheme for the reorganization of the company sale of certain bonds and stock of the reorganized company, the which was proposed by the purchasing committee of three. which are stated in the agreement, a copy of particulars of The Dutch bondholders fear that no sufficient guarantee is enclose. in July 26, on which we [Published the Chronicle of given that the new proposed extensions may not at some future It is necessary for us to know, at an early date, to page 95.] time be leased to another company should they prove profitable. what extent these can be sold. Therefore, we hereby offer your proportion of the same to you, and notify you that your New York Lake Erie & Western.— This company has leased option of taking them will expire on the 15th day of December, the new Buffalo & Rockport Railroad for a term of years. 1879. »A11 not then taken will be disposed of in accordance before with said agreement. No money will be required at present. N. Y. & Oswego Midland. —The litigation was again in States Circuit Court, Sept. 13. It will be called in installments, and ample notice given to those Judge Blatchford, the United who subscribe." The case came up on the petition of Isaac Wallaeh and William S. Dunn, who claim that the recent order of the Court, Lafayette Bloomington & M uncle.—The following is the reducing the upset price at the proposed sale of the company's financial plan of reorganization of this road as now proposed, mortgaged property from $2,500,000 to $100,000, was entered viz. : without notice to them, and they asked that the order be First mortgage bonds, 6 per cent $2,500,000 set aside. The Court, after hearing argument, denied the Income bonds 1,000,000 prayer of the petitioners. Stock (common) 1,000,000 Peoria Pekin & Jacksonville.—The sale of this road has Total debt $4,500,000 been ordered to take place in Pekin, 111., on the 14th of Novem- Lfike Erie & Western.—We herewith present the following ber next. The following are the terms of sale: No bid will be figures of the plan of reorganization, viz. : received for said property unless the bidder shall first deposit First mortgage bonds, G per cent $1,815,000 with the Master the sum of $10,000 to insure the good faith of bonds -. Income 1,485,000 such bid, and, upon the acceptance of his bid, the purchaser Stock (common) 3,000,000 shall pay to the Master the further sum of $40,000 in cash, Total obligations $0,300,000 making, with his previous deposit, the sum of $50,000, and, Which cover 165 miles of road. upon the confirmation of said sale by the court, the purchaser This company is building 55 miles of road, viz., from St. shall pay to the Master the further sum of $150,000, and the Marys to Muncie, which, with the Lafayette Bloomington & balance of the purchase price shall be paid within six months Muncie, if consolidated as proposed, will give them a through after the confirmation of said sale. For the remainder of the route from Bloomington, 111., to Fremont, Ohio, connecting purchase money, over and above the said sum of $200,000 and with the Lake Shore Road. such further sum as the court may hereafter require to be paid in cash, the Master will receive any of the first mortgage bonds Letter of W. H. Vanderbilt.—A letter from the Committee of said road, and the past-due coupons thereof belonging of the Chamber of Commerce on railroad transportation was thereto, for such sum as the holder thereof shall be entitled to addressed to William H. Vanderbilt, President of the New York receive from the proceeds of said sale. Central Railroad, and to H. J. Jewett, President of the Erie Railway, suggesting Congressional legislation to regulate inter- Quicksilver Milling Company. —The Court of Appeals ha State communication in the matter of freight. Mr. Vanderbilt affirmed Judge Barnard's decision in the preferred stock suit. writes in reply the following letter : says: " The company " The N. Y. Times report of the decision Gentlemen : I am just in receipt of your letter of yester- was organized under a special charter in this State in 1866, by day. The questions you present are of the first importance not Samuel T. Arnold and otherj. The lands and mines are situated only to the railroads but to the whole United States, and in California and were originally owned by a Pennsylvania specially to the State and City of New Yoric. They have to be company. The new capital stock was $10,< 100,000, issued in a calmly and fairly met unless irreparable injury be done to single certificate. There were 250 stockholders in the New every material interest. They are of too serious moment to be York company. The enterprise did not at first prove a success, made a football in politics or settled by an agitation in which and the company became greatly embarrassed. At length, in each political party shall try to outdo the other without regard 1870, as a desperate resort, a proposition was made to the stock- to the practical effect of any action which may be taken. To holders to pay $5 on each share of their stock, which would create a false issue against the railroads and arouse popular then become preferred. At a meeting held Feb. 24 of that feeling in hostility to them is not and never has been a difficult year, the by-laws were amended and resolutions were adopted thing to do, and it is very easy for it to get beyond the control authorizing the issue of preferred stock in accordance with this of and injure most of its original promoters. But when- plan, and many stockholders availed themselves of the privi- ever the legislation which follows has been tried, the lege. The money thus obtained tided the company over its farmers, merchants and manufacturers have suffered to difficulties, and four years later the stock began to be dealt in as great if not greater extent than the railroads. This publicly. It attracted the attention of prominent speculators, is the experience of other States and countries, and the judg- notably Daniel Drew, and these parties, having obtained a con- ment of the ablest men, who have devoted themselves to a trolling interest in the common shares, made an attempt in careful consideration of the question. The railways are not board meeting to pass a resolution wiping out the preferred and cannot be antagonistic to the public with whom their very stock. Mr. (Seorge'L. Kent, who held 2,500 shares, and other *xistence is indissolubly connected, and in the end the relations ' large stockholders, obtained an injunction preventing them : : . Skptkwbkb 20, 1879.] THE CHRONICLE. 303 from carrying out their purpose, and subsequently brought "The conversion of the outstanding Virginia bonds into new suit to compel the company to recognize and settle the claims ten-forties, under the act of March 28. 1879, has already ex- of the preferred stockholders. The case was tried before Judge ceeded the am >nnt, required by the statute for the current result is Barnard in Poughkeepsie, and was bitterly defended, ground year. This most satisfactory ; first, in demonstrating being taken that the company had no power to ambnd its the willingness of the different classes of the creditors to make concessions necessary bv-laws and issue preferred stock. On Aug. 28, 1878, Judge the for this settlement ; and, a;ain, in Barnard rendered a decision in favor of the preferred stock- the prompt realization of expected benefits to the State, estab- holders. Among other things, he said: 'The contract of lishing beyond question the ability to provide for the interest on the debt without increased taxation. But, in doing this, a volume of labor has suddenly been thrown upon the financial departments, with the result of very considerable delay ia by-laws and resolutions was a proper and legitimate exercise of exchanging the bonds. Not only has the aggregate of obliga- the powers of the company under its charter. The contract of tions surrendered been large, but they are in a great variety of preference is presumably valid, and, not having been objected forms, all demanding close scrutiny. In short, the work is one to within a reasonable time and in a proper manner by any which must be conducted with circumspection, and it proceeds stockholder, is binding upon the company and its stockholders slowly. This delay, although inevitable, has naturally given in favor of the plaintiff and all holders of such preferred stock. rise to some dissatisfaction and complaint; it has, therefore, The stockholders of the Quicksilver Mining Company, by been deemed expedient to suspend the receipt of bonds until acquiescing in the action of the company in making such con- present accumulations have been disposed of, so that, for the tract of preference and appropriating the moneys realized future, conversion may follow more closely upon deposit. It is therefrom, have assented to and ratified said contract, and the hoped that this result will be reached sometime during the same is binding upon them by reason of such assent and ratifi- current month." cation.' Washington City Virsrinla Midland & Great Sonthero. it the "This was practically the view taken of by Court of A meeting of such bondholders ot this road and its divisions; " Appeals." * * * * The following is an abstract of the the Orange & Alexandria, &c, as have accepted the provisions opinion written by Judge Folger: of the scheme of reorganization was held in Baltimore. The "'All the powers of the company are to begot from its char- business of the meeting was the election of three trustees, as provisions the Revised Statutes. ter or the general of Doubt- required by the scheme of reorganization. J. K. Cowen, on; less it had power to borrow money; but a borrowing of money behalf of the Baltimore & Ohio Railroad, and Robert Garrett & implies a time when payment may be made or may be Sons, nominated Robert T. Baldwin and Robert Garrett for demanded. As there was no such time here, the act of the trustees ; H. C. James nominated J. Willcox Brown ; F. M. It company was not a borrowing of money. was nothing else Colston, on behalf of Alexander Donnan, nominated H. It. than the creation of a preferred stock. The «.ourt is not pre- Garden. The tellers announced that the number of votes cast pared to say but that when the company first started it might amounted to $7,628,954, or more than three-fourths of tha Lave classified its capital stock into preferred and common, and whole interest. Messrs. Baldwin and Brown each received tha it may be that legislative authority, or unanimous consent of full vote cast, Mr. Garrett received a vote $7,592,954, and Mr. stockholders, would give the right afterward; but this company Garden received a vote of $36,000. Messrs. Baldwin, Brown did otherwise without that authority or consent. It violated, and Garrett-were declared to be the duly elected trustees on by the act of creating preferred stock, its contract with the the proposed plan ot reorganization. non-assenting stockholders, and thereby disturbed a vested A petition has been filed in the Circuit Court for Alexandria right. The court, therefore, holds that the act in itself could County, Va.. asking that a decree for the sale of the road be not have been upheld but for the consideration that the granted. When the sale takes place under an order of the non-assenting stockholders had. by their silence and neglect to court, the three trustees will become the purchasers for the promptly ask for judicial interference, acquiesced in the action assenting bondholders, and will reorganize the company on the of the company, and are thereby estopped from now seeking plan agreed upon. that interference as against the parties now holding the pre- " Wisconsin central.—The general plan proposed for the re- ferred stock ' organization of this road was published in the Chronicle a few St- Louis & Southeastern.—In the United States Circuit weeks since. The following are the principal details. There Court for the District of Indiana, at Evansville, a bill of fore- are to be issued closure has been filled by Frederick William Oewel, and others, Profon-ed bonds, bearing 5 per cent interest from Sept. '79. . $400,000 against the St. Louis & Southeastern Railroad Company, and Consolidated bunds, tlrst series 3.80 ,00O others, defendants. The complainants, who are bankers at ','onBolidated bonds, second series 5,700,000 Amsterdam, are large bondholders, and bring this bill, on behalf The principal of the preferred bonds is to be payable 5 per of themselves and others, to foreclose the mortgage bearing cent yearly, in semi-annual payments, beginning June 1, 1881. date March 1, 1871, executed by the St. Louis & Southeastern The first series of consolidated bonds will draw interest for Railroad Company, a corporation under the laws of Indiana and three years from July 1, 1880, at 2 per cent, and afterward at Illinois. It is understood that no receiver will be appointed, 5 per cent, payable January and July. and that the road will remain under the charge of Gen. Wilson, The second series will draw not over 2 per cent for three the receiver appointed in the suit brought by the trustee under years and 7 afterward, contingent on the earnings after the consolidated mortgage. An early foreclosure is anticipated, all prior payments, and also $30,000 per year for improvements. and a reorganization of the entire line from St. Louis to Evans- The first payment is to be July, 1881. and then and thereafter ville. each payment will be based on the six months' earnings for the half-year ending six months before. Interest is not to be cumu- !St. Paul & Sioux City.—This railroad company has had its lative. securities placed upon the New York Stock Exchange, and the The company owes the following debts following statement is made by the financial agent in this city, To those did not fund July t, the cash since paid Mr. H. S. Marlor, on the basis of the 1878 business of the who 1875, to those who did fund $7 1 ,289 different lines : To those who did fund thero was due Jan. 1 , 1879 2 l.OOO BARNINOS OF THE ST. PAUL & 8IODX CITY RR. AND BRANCHES ON BASIS To holders of land income notes (a first lien on land sales) . 280,000 OP 1878. For interest on these items before settlement 24.710 122 miles St. P. & S. C, gross $602,751 Total $400,000 124 mllesS. C. & St. P., gross 885.905 60 miles \V. & 8. Falls, gross 102.315 BONDS. 100 miles new lines (estimated) 265,000 To ho'ders who funded 9 coupons July 1, 1875 $3,59 1.000 To holders who did not fund July, 1875 1,091,500 412 miles $1,355,974 Coupons duo Julv 1, '75, to Jan. 1, '79 $1,-291,940 Operating expenses (57 por cent) 772,905 Interest on same at 7 per cent to Jan. 1, '79 180.712— 1,472,652 To holders of bonds sold ex ten coupons 3,482,500 Netcarnlngs $583,069 Less three coupons 340,006— 3,142,434 Interest on bonds 247,000 Total $9,300,586 $336,069 This indebtedness is to be exchanged 40 per cent for first 7 per cent on $1,600,000 preferred stock 322,000 series and 60 percent for second series, and any surplus of new $14,069 bonds may be sold for benefit of the company. The company owns its sleeping cars and elevators, the latter A bond with coupons unfunded will be settled thus : valued at over $100,000. The terminal property in St. Paul is Face $1,000 OO Klgbt coupons, each, July 1. 1875, t» January, 1879 280 00 said to be valuable, covering over 1,500 feet front on Missis- $35 the Interest on same 31 30 sippi River, while the terminal property and shops at Sioux City are valued at over $100,000. The present equipment con- Total . $1,314 30 sists of 35 locomotives, 17 passenger cars, 3 passenger sleeping Paid by the following : cars, 11 baggage cars and 836 freight cars. To represent oash paid on others $65 31 in preferred bonds. There are now authorized, for the first time, $4,500,000 first The 40 per cent intirst series 499 59 mortgage gold bonds, covering 465 miles of road, paying 6 per The 60 per cent in second series 749 39 cent interest, April and October, while it is estimated that the Total $1,314 30 entire capitalization of the road will not exceed $30,000 per mile. Stockholders are to transfer 95,000 shares of stock to John A. Stewart and Edwin H. Abbott, trustees of first mortgage in Texas Bonds.— Galveston letter A says that Texas State trust, to hold till all bonds of consol. mortgage are getting and Pension Bonds, Nos. 2,625 to 5,579, inclusive, are called in, in- likely to get their maximum annual interest, each bondholder terest to cease September 30, 1879. These bonds bear 10 per being entitled to one vote for each $100 of bosds held. The oent interest per annum, and are at a premium. present stock of 114,355 shares is not to be increased. Virginia Bonds.—The old bonds have been sent in so rapidly Land income noteholders are to surrender these notes and for conversion into the new ten-forties that the Funding Asso- be paid the face thereof and 6 per cent interest, March 1 to ciation has issued the following circular : September 1, 1879, in preferred bonds. ; ... . —: — 304: THE CHRONJOLE. [Vol. XXIX POTTON, Friday, P. M., September 19, 1879. The Movement of the Crop, as indicated by our telegram* COM^MTERci^irEPITO M E. from the South to-night, is given below. For the week ending Friday Night, September 19, 1879. this evening iSept. 19), the total receipts have reached 76,93* bales, against The course of trade in the past week has been remarkable 30,054 bales last week, 13,920 bales the previous week, and 4,875 bales three weeks since: making the total the increased activity and higher prices obtained for several for receipts since the 1st of September, 1879, 120,907 bales, against rye, leading staples, among which may be noted wheat, corn, 147,594 bales for the same period of 1878, showing a decrease lard, bacon, cheese, petroleum and coffee as the most conspicu- since September 1, 1879, of 26,687 bales. The details of the receipts for this week (as per telegraph) and for corresponding- ous. The speculative spirit is strong in nearly all commercial the weeks of four previous years are as follows: centres, the money market easier, the weather excellent, and high anticipations are entertained of the immediate future of Receipts this w'k at 1879. 1878. 1877. 1876. 1875. the commerce of the country. New Orleans 10,828 5,058 2,733 12,386 8,635 In provisions considerable irregularity has been noticed, Mobile 3,212 2,702 1,670 4,630 4 616 though in the main prices have improved, based solely upon 12,092 15,303 4,523 11,876 8,953 250 12 68 180 advices of a revived speculation in Chicago. Quite a good Savannah 24,034 25,043 8,924 12,404 12 564 there considerable trade has been reported here. lo-day, was 15,337 19,003 2,116 11,460 1,712 excitement, rapid advances, and much firmness until the close, 337 589 48 312 at Tennessee, &e 2,141 671 972 860 595 when quite a reaction took place ; pork sold on the spot $9 Florida 879 36 38 192 157 for mess ; October options sold at $8 90@$9, and re-acted to North Carolina 3,321 2,088 572 1,879 1,260 November sold at $9, but closed offered at |8 90. $8 85; Norfolk 4,343 2,278 594 6,430 8,344 Lard sold on the spot at 6'45c, and offered at the close at 6"40c; City Point, &o 159 1,572 87 569 48 October options sold at 6 - 50@0 - 42^@6-47^c, and closed at Total this week . . 76,933 74,355 22,345 62,998 47,064 6-45c; November at 6-22^@6-15c, closing at 6-15@6-17?£c.; - - Total since Sept. 1. 120,907 147,594 39,943 126,090 106,488 December at 6'lOc; seller the year 6 07?£@6 12J£c; refined, to - the Continent, quoted at 6 75@6"77^c. Bacon was quiet, but The exports for the week ending this evening reach a total of firmly held at 5%e. for long and short clear here, and 5%c in 15,026 bales, of which 13,900 were to Great Britain, 1,126 to France, and none to rest of the Continent, while the stocks as Chicago; long clear quoted here at 5^c. Beef and beef hams made up this evening are now 10f|775 bales. Below are the essential changes. Butter and cheese Were quiet and without stocks and exports for the week, and also for the corresponding have been quite active, and rapid advances and much firmness week of last season: have ruled. Week EXPORTED TO Total Same STOCK. Brazil coffees have shown a rapid advance, much firmness ending Great Conti- this Week France. Week. 1878. 1879. 1878. and considerable activity during the past week; fair cargoes Sept. 1 9. Britain. nent. are now quoted at 15c, with a stock here in first hands on the N. Orl'ns 2,120 210 2,330 1,398 10,766 9,086 17th inst. of 75,769 bags. Mild grades have also been in good Mobile . 3,086 4,271 Bale at late full figures. Bice is rather quiet, but steady rates Charl't'n 12.921 14,725 Savan'h. 16,398 32,147 remain cunent. Molasses has been less active, due wholly .... Galv't'n- 19,844 20,204 to short supplies, as the demand is good ; 50-test Cuba N. York. 9,413 916 10,329 5,636 34,347 21,767 refining quoted at 28c. Befined sugars have sold fairly at Norfolk- 1,913 651 strong prices. Crushed quoted at Q%c. Baw grades have been Other* . 2,367 2,367 811 5,500 6,500 advanced to 6%@7c for fair to good refining, and a very good Tot. this trade has been effected. week.. 13,900 1,126 15,026 7,845 104,775 109,351 Hhds. Boxes. Bags. Mclado. Tot.since StockSept. 1, 1879 83,732 28,097 642,li>4 4,044 Receipts since Sept. 1, 1879 1 3,430 218 155,109 168 Sept. 1. 26.378 1.567 44 27.989 15,300 Bales since 27.505 710 252,609 1.415 * exports this week under the head of " other ports" include, from 1 The Stock Sept. 17, 879 69,657 27,605 544,694 2,797 Baltimore, 200 bales to Liverpool, and from Boston, 2,167 bales to Liverpool. Stock Sept. 18, 1878. 68,17 L 8,932 57,717 2,801 From the foregoing statement it will be seen that, compared Kentucky tobacco has been rather more active, though the with the corresponding week of last season, there is an increase movement is still moderate. Sales for the week, 850 hhds., of in the exports this week of 7,181 bales, while the stocks to-night which 600 for export and 250 for home consumption. Prices are 4,567 bales less than they were at this time a year ago. In addition to above exports, our telegrams to-night also give are firm and unchanged. Lugs, 4@5%c, and leaf 6@12c. The us the following amounts of cotton on shipboard, not cleared, at movement in seed leaf amounts to the fair aggregate of 1,930 the ports named. We add also similar figures for New York, cases, at firm prices, as follows: 500 cases 1877 crop, Pennsyl- which are prepared for our special use by Messrs. Carey, Yale &. vania, 10 to 25c; 813 cases 1878 crop, Pa., 10 to 17c; 150 cases Lambert, 60 Beaver street 1877 crop, New England, 13 to 21c; 400 cases 1878 crop, do., 11 to 25c; 40 cases 1878 crop, Ohio, 10^c; 27 cases lb78 crop, Wis- On Shipboard, not cleared—for Leaving consin, 5^c There is no new feature in Spanish tobacco ; the Sept. 19, at— Coast- Stock. Bales are 600 bales Havana at 80c@$l 10. Liver- France. Other Total. pool. Foreign wise. Ocean freight room has been fairly active, at uniformly Bteady rates—charter room, in some instances, has been slightly New Orleans None. None. 1.410 None. 1,410 9,356 None. None. None. None. None. 3,086 advanced. Late engagements and charters include : Grain to Charleston None. None. None. 3,500 3,500 9,421 Liverpool, by steam, 7/6d., 60 lbs. provisions, 32s. ; 6d.@37s. Savannah 1,000 None. None. 4,000 5,000 11,398 6d. ; cotton, %@5-16d. ; grain, by sail, 6^d., 60 lbs. ; do. to Salveston 3,709 101 240 2,200 6,250 13,594 ; York 3,800 None. None. None. *4,664 29,683 London, by steam, 8d. do. to Bristol, by steam, 8d. ; do. to New Other ports None. None. None. None. None. 7,413 Hull, by steam, 8d. ; do. to Cork for orders, 5s. 10^d.@6s. per qr. ; do. to Hamburg, 5s. 3d. ; do. to the Continent, 5s. 9d.@ Total 8,509 101 1.650 9,700 20,824 83,951 t»s. ; naphtha to Antwerp, 4s. 6d. ; do. to Liverpool, 4s. 6d. * Included in this amount there are 864 bales at presses for foreign ports, the refined petroleum to London, 3s. 9d. ; do. to the Baltic, 4s. 9d. destination of which we cannot learn. To-day, a steady tone prevailed, though business was rather The following is our usual table showiner the movement of grain quiet ; to London, by steam, 8d. ; do. to Hull, by steam, cotton at all the ports from Sept. 1 to Sept. 12, the latest mail dates: 8%d.; do. to Belfast, by steam, 8%d.; do. to Bristol, by steam, RECEIPTS SINCE EXPORTED SINCE SEPT. 1 TO 8^d. ; do. to Cork for orders, 5s. 10^d. per qr. ; do. to Bristol SEPT. 1. Channel, 5s. 6d. ; do. to French port, 5s. ports. Stock. lO^d. ; refined petro- Great __ 1 Other 1879. 1878. Britain. France, poreign Total. leum to Bremen, 3s. 7/£d. ; do. to Botterdam or Hamburg, 4s. 3d. ; do. to Leghorn, 4s. 7}£d.; do. to Tarragona, 5s. l^d.; N.Orlns 5,910 5,494 2,471 .... 36 2,507 4,741 crude do. to Marseilles, 4s. 6d. , ' Mobile 1,993 2,828 1,352 Naval stores were rather quiet to-day ; spirits turpentine, Char'n* 5,702 11,491 .... 4,070 however, has shown a good movement for the week and closes Sav'h.. 11,100 31,149 8,602 about steady at 26%c Bosins have ruled irregular at $1 22^ Galv.* 15,402 18,283 11,445 @|1 25 for common to good strained. Petroleum closes less 9,737 28,453 firm, after large business N.York 582 64 9,296 441 a for the week ; to-day, 25,000 bbls. Florida 314 140 refined were re-sold at 6 15-16c; regular lots quoted Car. 537 at 7c. In N. 600 1,492 .... metals much firmness has prevailed ; No. 1 Norf'k* 1,134 1,689 224 American pig iron is held at $27; sales of No. 2 are Other. 1,237 603 711 8 719 7,000 reported at *25 ; Eglinton Scotch has been advanced to $23 50 @$24, and Coltness to $26 50@$27. Bails are quoted at $50 for rhlsyr. 43,974 12,478 441 44 12,963 66,424 steel here, and $52@$53 at the West. Timothy seed has sold at Last ye ar 73,239 7,315 93 47 7.455 80,261 $2 50 per bushel. Clover nominal at 7@7%c per lb. Whiskey dearer at $1 08. Ingot copper is steady at 16^@16Mc for * Under the head of Charleston is included Port Royal, &c; under the head oi Lake. Gairesto/i is included Indianola, &c.; under the head of Norfolk is included Citj Point, &c. . . . , : .. Sbttembkk 20, 1879.] THE CHRONICLE. 305 P Cotton the spot has declined. Quotations were reduced Bales. Cta. Balea. ris. Balea. Balea. on CU. 1 CU. 1,200 io-ao 800 UHN 100 ic. on Tuesday and l-16c. on Wednesday, to 12|;c. for middling 1,600 1081 1,800 10-;h BOO 100 10-32 800 10 33 300 ... 8,800 uplands, at which there was a moderate business for home con- •00 1043 fOO 10-38 too. | 400 10-84 BOO 10-37 For Api 11. sumption; but shippers did very little. A feature of the week 400 10-38 200 10-38 100 10-48 BOO 10-37 1,800 10-39 200 lo-.-4 deserving of special reference is the large deliveries on con- 800.. io:w 10- 700 48 800. .. .10-80 BOO 10-39 400 10-41 too... 10-.-.7 III tracts, as recorded below. To-day, the market 10-40 was firm but 800 1,200 10-43 4oo. ... 1,000 10-43 200 10-44 - quiet. speculation in futures has been fairly active. BOO .10-75 The The BOO 10-43 400 1045 8,400 200 10-48 opening on Saturday was rather stronger, but there has since 800 31,800 700 10-47 For if arch. 200 10-48 been a rapid decline, owing to the sudden and marked increase 8,600 in For January. 1,200 10-49 receipts at the ports, and the very favorable weather for the 800 1025 800 For Ma 600 10-28 18,300 800 100 maturing and gathering of the growing crop. September and 300.. 10-27 800 102K For February. October declined most, as the apprehensions of a deficient supply DOO 10-29 100 10-35 1,800 10-30 100 10-38 20*1. 800 and a speculative " corner " were removed by the increased 200 10-82 100 10-37 The following exchanges have been receipts at the ports, and yesterday there was some recovery in made during the week : •02 p Good Mid . Btr. G'd Mid Midd'g Fair Fair Ordiu'v.^B) But. A»k Strict Ord. 1213 14 Good Ord.. Btr. G'd Ord 10-64-10-54 10-61 62 10-61 10-70-10-55 10-60 — low Midd'g 10-28-10-21 10-25 — 10-25 10-33-10-23 10-32 33 Btr.L'wMid 10-24-1017 10-21 22 10-23 10-30-10-20 10-29 30 Middling. 10-30-10-25! 10-28 29 10-30 10-37-10-28 10-35 — Good Mid.. 10-40-10-35 10-40 42 10-43 10-50-10-46 10-47 49 Btr. G'd Mid 10-56-10-50; 10-53 56 10-55 10-63-10-58 10-60 62 10-69-10-64 10-65 Midd'g Fair : 68 10-68 10-74- - 10-73 75 Fair 1075- — 110-76 80 — - — 10-80 10-85 90 11-85 11-85 1215 STAINED. Barely steady. Barely steady. Barely steady. "To 2 P.M. t 12-00. Good Ordinary $ lb. Strict Good Ordinary. The Visible Supply of Cotton, as made up by cable and Low Middling telegraph, is as follows. The Continental stocks are the figure* Middling...... llllai 'U13 fi la of last Saturday, but the totals for Great Britain ar.d the afloat MARKET AND SALES. for the Continent are this week's returns, and consequently brought down to Thursday evening; hence, SALES OF SPOT AND TRANSIT. FUTURES. to make the totals SPOT MABKET the complete figures for to-night (Sept. 19), we add the item of Ex- Con- Spec- Tran- Deliv- CLOSED. exports from the United States, including in it the exports port. sump. ul't'n sit. Total. Sales. of eries, Friday only: Bat.. Quiet 845 845 36,500 3,000 1879. 187S. 1877. 1876. Mon . Easier .... 857 "l2 ;::: 869 52,500 2,200 Stock at Liverpool 321.000 452,000 690,000 746.000 Tues Easy, at Js dec 1,155 1,155 84,300 240 Stock at London 65,908 23,000 30,250 34,500 Wed . Dull, at *iiedec. 374 374 116,500 2,100 Tliurs 803 800 1,603 64,000 3,000 Total Great Britain stock . 386 908 475.000 720.250 780.500 Fri. . Firm 384 384 105,200 2,700 StockatHavre 106 oOO 118.000 211,250 191.250 Slock at Marseilles 1 ,738 1,750 11.250 Total 4.500 4.4181 812 5,230 459,000 11,240 8tock at Barcelona 14,262 16,000 55.000 n.-i.ooo Stock Based on old cotton. at Hamburg .400 5,500 12.500 11,500 stock at Bremen .649 31,500 60.250 51.50O For forward delivery the sales have reached during the week Stock at Amsterdam ,272 41.500 36,750 64.000 Stock 459,001 bales (all middling or on the basis of middling), and the at Rotterdam ,181 7,750 11.000 16,500 Stock at following is Antwerp 5.250 7,250 17,000 a statement of the sales and prices : Stock at other conti'ntal ports. 3,254 12,000 11,500 16,750 Bales. Cta. Bales. Cta. Bales. Cts. For September. 500 1308 4,400.. 10-70 (-00 10-29 Balea. Total continental ports 176,616 269,250 416.750 430,000 cta 1,000 . ..1 09 900.. 10-U 1,900 10- 700 ii-t: 2,400.. , 12-10 1.200.. 10-72 2,500 1031 1,000 11-72 ' ..12-11 Total European stocks.. .. 563.524 744.250 1,137.000 1,216.500 100 . l.dOO . 1073 1,000 1032 1.700 J1-73 3,900. .1211 1,000 .10-74 1,400 10-33 India cotton afloat for Europe. 159.252 175.000 155.000 309.000 2.400. 11 74 5,700.. ,.12-W 2,000 .10-75 100.. ...10-34 Amer'n cotton afloat for Eur'pe 44.323 20.000 34,000 16,000 5.UO0 11-75 L 2,800 .. 1213 2,400 ..1076 200 .. 10-35 Egypt,Brazil,&c.,afltforE'r'pe 4.619 4.000 23,000 24.000 7.900. .. 11-78 7,000... .1214 8.800 ...10-77 1,100 10-87 .. Stock in United States ports . 104,775 109.351 108.1X19 170.501 8,400 11-77 100a.n.l6tlll2-15 2,900 ..H-78 500 .1038 Stock in U. S. interior ports. . . ,093 14.065 3,100 11-78 12.900 12-15 6,800 11 8,276 14,698 1079 100. , .10:9 7300 11-7U United States exports to-day. 1,500 12,000 12-18 8,300 .. 10*0 2,400 JO- 50O 8,400 40 llKO 5,300.. .. 12-17 8,400 10-81 1,300 10-41 2,300. 11-81 7.H00...... 12-18 600 .10-82 500 10-42 Total visible supply 887,586 1,068,766 1,465.285 1.751,199 1.000 Hh2 3,800 ...... 12-19 2,500 1--83 10-43 2.100 1,200 Of the above, the totals of American and other descriptions are aa 1183 12,700...... 12-20 3,000 .....10-84 1,000 10<4 1,200 11-84 follows: 7,400. . ...12-21 4,400 10v5 100 10-45 3.000 11-85 2,700...... 12-22 2.300 10-88 600 10-46 A mertcan— 2.000 lf-88 12'21 1,800. . ... 4,500 10-87 800 Liverpool stock 3,000 10 47 187,000 326,000 405,000 358,000 11-S7 8,100. 10-88 800 10-48 Continental stocks 98,000 209,000 308.000 296,000 2,400 11-88 180,300 2,500 10-89 2,4n0 1,700 10-49 American afloat for Em-ope 44,323 20.000 34,000 16,000 1189 1,600 10 90 200 10-50 2.700 11-90 For October. 6,100 1091 United States stock 104,775 109,351 108,009 170,501 1,800 I'nited ii-oi S00 10-54 2,700 10-frJ 35,200 States interior stocks.. 11,093 14,665 8,276 14,698 300 1192 3,000 10-5-i 3,900 ...... K-93 United States exports to-day.. 1,500 500 100 n-94 7.201 10-58 2,100 10-94 For December. 500... 11-95 7,2 10-57 1,200 10-95 800 1,000 1017 Total American 415,191 680,516 863,285 855,699 11B7 8,200 10-58 1.300 10-18 3,500 ll-.n East Indian, Brazil, <£c— 5,400 10-59 185,200 800 .. 10111 1,10' 11-99 Liverpool 15,600 10-80 4.200 ..1020 stock 134,000 126,000 285.000 388.00O 5,100 12-10 10.200.. ...10 61 For November. 1,600 10-21 London Btoek 65,908 23.000 30.250 34.50O 1,300 12-01 8,400... ..10 82 300. . 10-21 8,<00. .10-22 Continental stocks 78.616 60.2-.0 108.750 110.000 100 a.n i;ihl-"02 .",900... . 10-63 l.'OO .. 10-22 10-2.') 15.-,, 8,000.. . . . India afloat for Europe 159,252 175,000 1)00 309,000 2.100 12-02 6.100... .10X4 10-23 2,800.. 1,700 . ...10-24 1.700 12-03 Egypt, Brazil, &c, afloat 4,619 4,000 23,000 24,000 2.300... ..1085 5,800...... 10-24 1,000... .. 10 2:, 3,500 1204 7,000... . 10*1 8,500.. 10-25 600.. ...10 20 8/00 12-05 Total India, 602.000 895.500 14,600... ..10 H7 1.100. . . .. 10-?8 East Ao 442,395 388,250 900 . . -.10-27 3,000 12-0 1 5.40O... .10-88 1,100... 10-27 1.700.. 10-28 Total American 445,191 680,516 863,283 855,699 800 1207 10-89 2,800 600. . . .. 1028 2,300 10.9 Total visible supply 887.5S6 1,068.766 1. 465.2*5 1,751.199 • No notice to-day, 19th. Price .Mid. Upl., Liverpool .. 69, 8d. 67i 6d. 63 ]0d. 5l»ie4 .., . — . 306 THE CHRONICLE [Vol. XXIX. These figures indicate a decrease in the cotton in sight to-night Dallas, Texas.—There has been no rainfall during the week, de- of 181,180 bales as compared with the same date of 1878, a and picking is progressing finely. The days have been warm bales as compared with the corresponding date crease of 577,099 but the nights have been cold. The thermometer has averaged of 1877, and a decrease of 883,013 bales as compared with 1876. 75, the extreme lange having been 59 to 93. Interior Ports the movement—that is the receipts At the Brenham, Texas. —We have had no rainfall during the week and shipments for the week, and stocks to-night, and for the and are needing rain very much. Picking is proceeding rapidly. corresponding week of 1878—is set out in detail in the following statement: The thermometer has averaged 76, the highest being 83 and the lowest Week ending Sopt. 19, '79.1 Week ending Sept. 20. '78. 70. New Orleans, Louisiana.— During the earlier part of the week Stock. Receipts Shipm'ts 8tock. Receipts Shipm'ts we had showers on two days, the rainfall reaching ninety- Augusta, Ga 4.572 1,981 6,788 5,275 2,565 six hundredths of an inch, but the latter portion has been clear Columbus, Ga... 1.525 1,612 2,282 2,641 1,711 Macon, Qa 2,429 1,670 3.546 2,905 2,078 and pleasant. The thermometer has averaged 77. Montgomery, Ala 6,553 1,293 4,985 4,621 4,007 Shreveport, Louisiana. —The weather during the week ha« Bel ma. Ala 3,605 3,932 3,474 2,235 2,984 Memphis, Tenn. 4 415 21 729 been clear, and roads are in excellent condition. The thermometer 1,017 190 495 223 591 Nashville, Tenn. has averaged 71. Total, old ports 25,104 19,705 11,093 21,570 17,924 14,665 Vieksburg, Mississippi. — It has rained here on one day, the balance of the week having been pleasant. Cotton moves but Dallas, Texas.... 1,871 1.972 911 1,176 1,403 704 3 93 slowly as yet. Jefferson, Tex.* . 500 500 400 176 49 Shreveport, La . 1,969 1,510 1,695 1,737 1,224 1,056 Columbus, Mississippi. — It has rained during the past week on Vieksburg, Miss.. 1,935 1,623 589 60 "'2 one day, the rainfall reaching fourteen hundredths of an inch. 416 258 277 248 521 Columbus, Miss.. thermometer has averaged the point touched Eufnula, Ala 1,916 1,677 1,132 2,100 1,932 1,250 The 76, highest Griffin, Ga.* 200 182 50 218 59 384 having been 81 and the lowest 71. Picking is progressing finely. Atlanta, Ga.* 250 232 250 4,060 3,183 2,712 About three-fourths of the crop is now open. Rust is causing Rome, Ga.* 100 60 50 1,483 1,171 831 cotton to open prematurely. Charlotte, N. C... 656 676 251 671 464 360 Bt. Louis, Mo 9,459 6.032 5.491 2,842 1,370 2,635 Little Rock, Arkansas. —The past week has been dry and Cincinnati, O 1,556 2,172 1,707 848 1,042 1,006 pleasant, the thermometer averaging 68 and ranging from 50 to 85. Nashville, Tennessee. — There has been a rainfall during the Total, new p'rts 20,828 16,894 12,803 15,559 11.799 11.712 past week of ninety-four hundredths of an inch, rain having Total, all.... 45,932 36,599 23,896 37,129 I 29,723 26,377 fallen on two days. The thermometer lias averaged 66, the highest being 83 and the lowest 48. Picking is making fine • Estimated. progress. have The aboge totals show that the old interior stocks Memphis, Tennessee. —Rain has fallen during the week on two increased during the week 5,399 bales, and are to-night 3,572 days, but the balance of the wei-k has been pleasant. Crop less than at the period last year. I Le receipts at the bales same accounts are less favorable. Much rust is developing and the week last lime towns have been 3,531 bales more than the same bottom crop in bottom lands is rotting considerably. Owing to .year. quarantine regulations there is a deficiency of pickers. The Receipts from the Plantations. —The following table is thermometer has averaged 09, the hig est being 80 and the prepared for the purpose of indicating the actual movement each lowest 51. The rainfall has reached twenty-eight hundredths of week from the plantations. Receipts at the out ports are some- an inch. Last week the average thermometer was 71, the times misleading, as they are made up more largely one year highest 88 and the lowest 50. There had been rain on one day, than another, at the expense of the interior stocks. We reach, with a rainfall of two hundredths of an inch. therefore, a safer conclusion through a comparative statement Mobile, Alabamm.—lt rained severely one day, the earlier part like the following: of the past week, but we have had clear, pleasant weather the RECEIPTS PROM PLANTATIONS. latter portion. Picking is making fine progress. Average ther- mometer '3, highest i-8 and lowest 61. The rainfall for the Week Receipts at the Ports. Stock at Inter'r Ports Rec'ptsfrom Plant'ns week is thirty-eight hundredths of an inch. ending- Montgomery, Alabama. had light showers on two days 181 1878. 1879. 1877. 1878. 1870, 1877. 1878. 1879. —We of the week, the rainfall reaching thirty hundredths of an inch. 22,2-3 13,i May ».. 10,560 31,196 107,534 75,550 78,982 7,1 17,604 51 The rest of the week has been warm and dry. Crop accounts •• 9.. 17,300 24,252 19,031 97,696 65,770 71,548 7,471 14,472 11,615 are more favorable. Picking iB progressing finely, and planters "• 16. 16,28? 20,097 19,897 88,S76 56,433 59,249 4,968 10,760 7,600 are selling freely. The thermometer has ranged 59 to 90, " S3.. 12,14; 19,732 16,673 70.000 46,305 51,429 4,780 9.604 8,853 from SO.. 9,660 18,220 17,118 67,786 39,025 42,198 10,940 7,882 averaging 73. Jnnc «.. 9,390 12,380 11,080 57,500 34,154 37,570 7,509 6,481 Selma, Alabama. —There has been no rainfall during the week, " IS.. 8,526 11,231 6,612 52,154 20,315 32,420 3,171 6,392 1,471 the weather having been warm and dry. Picking is making fine 20.. 8,526 10,72] 7,188 45,769 23,28' 29,306 2,141 4,< 4,085 progress, and cotton is being sent to market freely. " 27.. 6,510 6.879 6,203 35,811 21,240 25,223 4,832 2.210 Madison, Florida.— It has rained during the past week on one July 4.. 6,102 5.940 3,63' 32,077 19,075 22,388 4,884 802 day. The thermometer has averaged 8b, the highest being 96 •' 4.404 11.. 5,287 3,032 28,907 18.033 20,691 1,' 3.845 1,335 and the. lowest 65. 18. 3,676 8,782 2,800 27,070 15,494 15,528 2,658 1,243 Macon, Georgia. —We have had no rainfall during the week. " 25.. 3,209 4,086 3,272 25,361 12,527 14,410 681 1,119 2,154 The thermometer has ranged from 64 to 88, averaging 73. Aug. 1.. 2,601 3.671 2,503 22,47£ 11,005 13,966 2,149 2,059 Columbus, Georgia. Th<-re has been no rainfall during the " 8.. 2.102 3.01)0 3,045 21,574 8,346 13,040 1,204 410 3,028 — has " 15. 1,733 4,65' 3,482 19,118 6.238 11,477 2.549 1,890 week. The thermometer averaged 78. Picking is progress- " 22.. 2,644 5,699 4,843 17,800 5,990 7,463 1,126 5,460 829 ing finely. " 29.. 4,335 15,784 4,875 16,278 6,593 7,301 3,013 16,378 4,713 a'avannah, Georgia.—We had a rainfall on one day the past Bept. 5.. 5,885 26,750 13,020 16,440 9,670 6,508 6,050 30,138 16.217 week, but too light to measure, the rest of the week having • 12. 12,100 47,431 30,054 16,272 18,971 14.563 11.932 56.423 35,019 been pleasant. The thermometer has ranged from 60 to 86, " 19 . 22.345 74.355 76,933 15.104 26,377 23.800 21,177 81.761 averaging 74. The above statement shows Augu*ta, Georgia. —The weather during the week has been 1. That the total receipts from the plantations since Sept 1 in warm and dry and favorable for picking. The top crop, it ie 1879 were 137,502 bales; in 1878 were 103,320 bales; in reported, will be poor from want of rain. Picking is pro.. ressing 1877 were 39,105 bales. finely and planters are sending their cotton to market freely, the 2. That the receipts at the out ports the past week cause of the large receipts this week being that planters want to were 76,933 bales and the actual movement from plantations secure present prices. Average thermometer 73, highest 90 and 86,266 bales; the balance being added 'o stocks at the in- lowest 56. terior pons. Last year the receipts from the plantations for the Charleston, South Carolina,— The weather during the week has same week were 81,701 bales, and for 1877 they were 21,177 bales. been warm and dry, the thermometer averaging i5, and ranging from 63 to 84. Weather Reports by Telegraph.—The weather during The following statement we have also received by telegraph, the past week has generally continued favorable for the develop- showing the height of the rivers at the points named at 3 o'clock ment and ingathering of the crop. Reports are consequently Sept. 18, 1879. Sept. '79. Sept. 19, '78. more satisfactory, 18, and excellent progress is being made in picking. Feet. Inch. Feet. Inch Below . Galveston, Texas. — It has rained during the ween on one day, New Orleans high-water mark 12 6 Memphis Above low-water mark... 7 2 .. the rainfall reaching twenty-five hundredths of an inch. The Nashville Above low-water mark... 1 11 Shreveport Above low-water mark. . 14 .... thermometer, has ranged from 70 to 84, averaging 77. There is Vieksburg Above low-water mark. . 16 7 no change to report in crop prospects. New Orleans reported below high-water mark of 1871 until Indianola, Texas.— We have had a hard rain on one day of the Sept. 9, 1874, when the zero of gauge was changed to high-watei 6-10ths of a foot above week, the rainfall reaching one inch and -thirty-six hundredths mark of April 15 and 16, 1874, which is 1871, or 10 feet above low-water mark at that point. which proved beneficial to stock and fall gardens, but otherwise Comparative Port Receipts and Daily Crop Movement.— was of little effect. Average i.hermometer 70, highest 83 and A comparison of the port movement by weeks is not accurate, lowest 70. as the weeks in different years do not end on the same day of the Corsicina, Texas.— Rain has fallen during the week on one month. We have consequently added to our other standing a daily and monthly statement, that the reader may con- day, to a depth of eighty-eight hundredths of an inch. Picking tables stantly have before him the data for seeing the exact relative is progressing finely. The thermometer has averaged 76, the I movement for the years named. First we give the receipts at highest being 93 and the lowest 60. each port each day of the week ending to-night. . . . Skpthmbbb 20, 1879.] THE CHRONICLE. 30T '79. PORT RECEIPTS FROM BATORDAY. SEPT. 13. '79. TO FRIDAY. SEPT. 10, some readers, but it is due to the fact that the decline in condition D'ys New Wil- last August was even more marked than it has been this August. Mo- Char- Savan- Galr 1 Nor- All of Or- Total, bile, leaton. nah. VCHt'tl. (oik. others. In fact, August always is an unfavorable far as reports we'k leans. ton. month so go, because there always is and always will be rust and shed- Sat.. 1,144 516 1,164 2,183 1,185; 76 600 201 7,009 ding, which scares the average observer into a belief that the Mon 3,063 663 2,568 2,934 4,875 665 1 839 15,628 Tues 627 687i 2,176 4,547 2,245 683 818 432 12.215 crop is actually lost or nearly so. Taking, however, the Depart- Wed 1,345 424 1 1,473 4,547 3.721 313 290 379 12.995 ment's averages for the four months, and allowing for Tluii 2,064 503 2,546 4,698 2,453 598 764 445 14,071 increased acreage, the decrease in the crop, according to this month's figures, is about one Frl.. 2,585 419, 2,165 5,125 855, 1,503 474 1,824 14,!)55 hundred and twenty thousand bales, compared with about one hundred and seventy-five thous- Tot.. 10,828 3,212 12,092 21,03 1 15,337 4,343' 2,947 4,140 70,933 and bales last month. The movement each month Mince Sept. 1 has iihuq a* follows: " Shedding."—Want of space has compelled us to transfer to our editorial columns an item on this subject. Monthly Tear Beginning September 1. Receipts. Increased Receipts. —The sudden increase in the receipts of 1878. 1877. 1876. 1875. 1S74. 1873. cotton at the ports, which began on Monday last, has been a Bept'inb'r 288,848 98,491 236,868 169,077 134,370 115,255 surprise to the trade. For many weeks there was a falling off October. 689,264 578,533 675,260 610,316 536,968 355,323 as compared with the corresponding periods of the previous Novemu'r 779,237 J822.493 901,392 740,110 676,295 576,103 season, and ever since we have been mainly dependent upon the Deccinb'r 892,664 900,119 787,769 821,177 759,036 811,668 new crop, the receipts have been previous to this week scarcely more than half as large as last year. This was very naturally January . 616,727 689,610 500,680 637,067 444,05 702,168 February. 564,824 472,054 449,686 479,801 383,324 482,683 ascribed to the lateness of the crop, although in point of fact the difference between a late and an early crop is not nearly so Marob . . 302,955 340,525 182,937 300,128 251,433 332,703 great as many suppose. Besides, the crop in part of April .. .. 166,439 197,965 100,194 163,593 133,598 173,986 a Texas May 84,299 90,314 68,939 92,600 81,780 127,346 was everywhere acknowledged to be, from the effects of drought, rather earlier usual, June 29,472 42,142 36,030 42.234 56,010 59,501 than and, as we stated in our crop report last week, in portions of Mississippi July 13,988 20,240 17.631 29,422 17,064 31,856 and Louisiana cotton is fully as forward as last August... 18,081 34,564 14,462 33,626 13,524 23,394 year. The great increase in the receipts must therefore be ascribed to Corrct'us. 438 52,593 06,293 71,935 9,709 12,299 (1) the fact that the plant is not everywhere as backward as many have claimed; Total year 4,447,276 4,345,645 4,038,141 4,191,112 3,497,169 3,804,290 to the absence of yellow fever this year in sections where it Perc'tage of tot. port S2)[elaved the marketing last year; and (3) very largely to the receipts Aug. 31.. 9879 98-36 98-28 99-72 99-68 much higher prices for cotton on the spot and for September Corrections 01-21 01-64 01-72 00-28 00-32 delivery than for November and December, a difference of Total port receipts. 100-00 100-00 100-00 10000 10000 from $7 to $9 a bale—an amount by no means inconsiderable to the average.planter. . Many believe that receipts in October will This statement shows that up to Aug. 31 tue receipts at the, be decreased by the special efforts to promote supplies for ports this year were 101,631 bales more than in 1877 and 409.135 September, but this is an idea purely speculative, ana bales more than at the same time in 1876. The receip's since must be so regarded. September 1, 1879, and for corresponding yeirs, have been as follows. Bombay Shipments.— According to our cable dispatch received to-day, there have been bales shipped frjm Bombay to 1879. 1878. 1877. 1876. 1875. 1874. Great Britain the past week aud 6,0j'J bales to the Continent; while the receipts at Bombay during this week have been 5,000 B«pt. 1.... 3,490 S. 408 1,918 1,064 1,265 bales. Ths movement since the 1st of January is as follows. " 2.... 1,848 5,708 8. 1,691 1,380 1,075 These figures are brought down to Thursday, Sept. 18. " 3.... 1.331 4,051 1,246 8. 1,734 1,615 " 4.... 2,264 4,799 616 4,630 1,407 1,682 Shipments this week Shipments since Jan. 1. Receipts. - 5.... 4,927 4,224 1,008 2,996 8. 2,145 Great Conti- _ Great Conti- This Since Total - Total. " 6.... 2,104 7,116 754 3,414 3,764 S. Brit'n. nent. Britain. nent. Week. Jan. 1. " 7.... 8. 4,108 1,701 3,111 3,228 3,390 " 1879 6,000 6,000 249.000 341,000 590.000 5.000 785.000 8.... 5,454 8. 1,655 3,982 3,116 1,957 1378 2,000 2,000 3"8.000 392,000 700,000 2,000 855.000 " 9.... 5,124 13,115 8. 4,708 3,621 1,841 1377 1,000 1.000 376,000 408.000 784.000 1,000 995,000 1876 6,000 9,0i0 " 10.... 4,878 7,341 3,085 8. 3,928 2,746 3.000 544.000 362.000 906,000 ... 999,000 " 11.... 4,858 6,258 1,398 8,923 3,137 3,423 From the foregoiug it would appear that, compared with last " 12.... 7,636 7,982 3,108 4,788 8. 3,214 year, there has been an increase of 4,000 bales in the week's ship- 13.... 7,069 8,627 1,664 7,752 7,119 S. ments from Bombay to Europe, and that the total movement " 14... 8. 10,714 2,524 6,085 6,512 5,642 since January 1 shows a decrease in shipment? of 110,000 bales, " 15... 15,628 S. 2,459 7,899 5,417 5,176 compared with the corresponding period of 1878. " 16.... 12,215 15,127 8. 7,538 5,404 .3,921 India Sihpments Other Than Bombay.—Below we give the " 17.... 12,995 10.425 5,063 8. 0,209 3,842 week's shipments of cotton to Europe from Calcutta, Madras, " 18... 14,071 10,032 4,109 13,925 5,32 6,225 Tuticorin, Coconada, Carwar, Rangoon and Kurrachee. These " 19.... 14,955 11.123 3,553 10,417 S. 6,641 figures are collected for us and forwarded by cable. For the week ending Sept. 18 the Total 120,90 130,752 34,353 93,77' 02,36- 55,800 shipments were as follows. We also give the totals since January 1 Percentage of total and the figures for previous years for comparison. p'rt rec'pts Sept. 19 02-94 00-77 02-32 01-49 01-60 Shipments this week. Shipments since January 1. This statement shows that the receipts since Sept. 1 up to to-night are now 9,845 bales less than they were to the same Great Conti- Great Conti- Total. Total. day of the month in 1878, and 83,551 bales more than they Britain. nent. Britain. nent. were to the same day of the month in 1877. We add to the last 1879 4,000 1,000 1 | 5,000 234,000 124,000 353,000 table the percentages of total port receipts which had been 1878 2,000 2,000 114,000 5S000 172,000 received Sept. 19 in each of the years named. 1877 3,000 3,000 79,000 50,000 129,000 1876 6.000 1,000 1 7,000 1 120,000 87,000 207,000 Agricultural Department's Report for September.—The The above totals for this week show that the movement from, Agricultural Department has issued its September condition the ports other than Bombay is 3,000 bales more than same week report, showing, as the Department's states, an average for the of last year. month of 85, against an average of 91 last month. The follow- Alexandria Receipts and Shipments.—Through arrange- ing table gives the Department's figures for each month this ments we have made with Messrs. Davies, Benachi & Co., of Liverpool and Alexandria, we shall hereafter receive a season and last season, with the averages for the four months: weekly cable of the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments the past week, and for 1879. 1878. the corresponding weeks of the previous two years. States. Alexandria, Egypt, 1879. 1878. Sr |H . IS. 1877. 7. -/.' •< Receipts (cantars*)— North Carolina. 104 86 S3 92 87 81 82 84-0 This woek 5,500 South Carolina. 81 82 81 84-5 BB 104 97 SO 950 5,000 25,000 Since Sept. 1 6.500 13,000 40,000 Georgia 86 87 82 87-0 101 105| 83 81 94-7 Florida , 91 87 BB 89-5 98 100 88 91 97 This Since This Since This Since week Sept. 1. week Sept. 1. week Sept. 1. Alabama 86 100 84 940 101 102 98 B9 98-2 Mississippi , 92 98 BB 94-5 Be 00 09 BB 94-2 Exports (balos)- Louisiana 1)3 8!) 87 91-0 98 95 00 83 915 To Liverpool . 1,400 1,650 500 1,500 3,500 Texas 80 79 00 82-2 104 106 108 101 102-2 To Continent 200 200 Arkansas 100 103 96 99 99-5 98, 91 9.8 98 96-2 Total Europe 1.400 1,650 200 700 1,500 3,500 Tennessee 94 101 10". KIT 101-7 97 98 92 91 94-5 * A cautar is 98 lbs. This statement, it will be seen, furnishes a little more favora- This statement shows that the receipts the past week have ble comparison with last year than the statement did which we been 5 5i)0 cantars, and the shipments to all Europe have beea made up with the previous month's report. This may surprise 1,400 bales. . . : 8 : 308 THE CHRONICLE. fVoL. XXIX. Manchester Market.—Our market report received from Below we give all news received to date of disasters to vessels Manchester to-day (Sept. 19) states that there has been no actual carrying cotton from United States ports, etc. • change during the week in the prices for either shirtings or twist, Aug. 29. Bark Zaritza (Swd.i, Skantze, at New York, Sept. 13, from VV Havre, on Aug. 29, lat. 44 18, Ion. 40 but that the market is inactive and that prices favor buyers. e 35, picked up a bale of cotton that had been on Are, partly covered with barnacles ; could find no last week's quotations. leave previous therefore repeat We marks, and had apparently been a long time in the water. weeks' prices for comparison European, steamer (Br.), Thomson, from New York, Sept. 6, for Livcr- Sool, with cotton, Ac., put into Halifax, P. M. of the 10th, with 1879. 1878. er machinery disabled, having broken down on the 9th. She commenced repairs on the 11th. Cargo uninjured. Cott'n Cott'n 32s Cop. 8'4 lbs. Mid. 32s Cop. 8 V, lbs. Mid. Cotton freights the past week have been as follows: Twist. Shirtings. UpldB Twist. Shirtings. Uplds * d. Satnr. Mon. Tues. Wednes. Thurs. Fri. d. d. s. d. s. d. 1 d. d. d. s. d. s. d. 8%®9 14 8 lia®7 4*al 69 9 ®9»s 6 4i*®8 4^ 6=8 *"»• 16 Liverpool, steam d. 3 ®l4 3 3 ®l4 3 ®l4 3 ®l4 3 1 8*4®9ii 6 1>2®7 4>9| 6i*i8 8 78®9 1a 6 4»a®8 4>al 6»8 l8 I8®>4 16 16 16 16®U '• 7 7 7 7 7 7 15 8%®9H 6 lia®7 4>a 6% 8 8®9ia 6 3 ®8 3 | 69j 6 do sail., d. -® 32 ...® 32 -.-® 32 ...® 32 ...® 32 ...® 732 T 6II18 " 22 6 liaa>7 4 "a 69,g 8 8»9»2 6 li2®8 IV 8%S9% 6U16 ...®58* ...®!>8* ...®»e* ...®'e* ...®58* " 29 SKIDS'* 6 3 ®7 6 613ie 8%S93s 1>9®8 6ii ...©•a ...©"a ...®la ...®ia ...®ia Sept. 5 8 7e®9ifl 6 3 ®7 6 613 16 8\®93S 6 lia®8 16 78®9l9 9 » " 12 8 6 3 ®7 6 6131B 8>3®9i,t 5 9 ®7 9 Gks Bremen, steam, .c. ...®»16* ...®»ie* ...®9l8* ...®9l6* ..® 16* ...®9i 6 7 7 1 6 " 19 8 e®9»a 6 3 »7 6 6% S>2®918 5 9 ®7 9 1 ...® 7 ...® 7 ...® 7 ...® 7 ...® 7 7 16 18 16 1B , 6 • -® ia - * ' < Hamburg, steam, c. ...®*»16 ...®9 ...®9 ...®»1 ...®9 » Gunny Bags, Bagging, Etc. —Bagging has not been very 16 ie 6 1S ...®916 do sail.-.c. ...®ia ...® 13 ...® 1a ...® 13 ....®>a ...®>3 active since our last report, but a fair inquiry is still to be noted, Amst'd'm, steam c. •with rather more demand at the close. No change has been made in prices, which are ruling very firm, holders quoting 8f@ ...®...... ® ...®...... ®.... ®...... ®..„ 9c. for 1} lb., 9fc. for 2 lb. and lOJc. for standard quality. Butts continue to sell freely, and, with no further arrivals, the Compressed market is strong, with nothing offering at less than 2 9-16@ 2 11 10c, as to quality, and these figures were paid for 2 000 bales. Livhrfooi.. —By cable from Liverpool, we have the following statement week's sales, stocks, at that port : The Expqrts of Cotton from New York this week Bhow an of the &c, increase, as compared with last week, the total reaching 10,329 bales, against 4,944 bales last week. Below we give our usual Aug. 29. Sept. 5. Sept. 12. Sept. 19. table shewing the exports of cotton from New York, and their Bales of the week bales 60,000 50,000 48,000 .-19,000 direction, for each of the last four weeks; also the total exports Forwarded 2,000 1,000 4,000 600 and direction since Sept. 1, 1879, and in the last column the total Sales American 42,000 38,000 34,000 27,000 took 4,000 6,000 for the same period of the previous year. Of which exporters 6,000 6,000 Of which speculators took.. 4,000 2.000 4,000 1,000 Exports op Cotton (bales) from New York since Sept. 1, 1879. Total stock 417,000 379,000 341,000 321,000 Of which American 266,000 237,000 205,000 187,000 Week ending- Same Total import of the week 47,000 12,000 11,000 17,000 Total to period Of which American 9,000 10,000 4,000 9,000 Exported to- Aug. Sept. Sept. Sept. date. previ'us Actual export 4,000 6,000 6,000 4,000 27. 3. 10. 17. year. Amount afloat 132,000 131,000 118,000 115,000 Of which American 19,000 26.000 26,000 32,000 Eiverpool 5,618 6,600 4,814 9,413 18,709 10,303 Other British porta 300 6,849 The tone of the Liverpool market for spots and futures each dav of the week ending Sept. 19, and the daily closing prices of spot cotton, Total to Great Britain 5,918 13,449 4,814 9,413 18,709 10,303 have been as follows Saturday Monday. Tuesday. Wedn'sdy Thursd'y Friday. Havre 311 130 916 1,357 . 287 Spot. Other French ports Market, A Dull Dull { Dull. Quiet. shade and Dull. and Total French 311 130 916 ,357 287 12:30 p.m. ( easier. easier. easier. Bremen and Hanover. 19 Mid. Upl'ds 6% 6% 61*16 65s 6% 69 la| 7 7 Hamburg Mid. Orl'ns. 6 e 6 s 613,8 6% 6% 61-16 Other porta Market, ? 5 P. M. Total to North. Europe id J Sales 5.000 7,000 6,000 7,000 6,000 6,000 Spa in . Op'rto, Gibralt'r, &c Spec. & exp. 500 1,000 1,000 1,000 1,000 1,000 All other Futures. Firmer, Total Spain, &c. Market, more buy- / Steady. Dull. Easier. Weak. Flat. ers at last 5 P. M. ( Grand total 5,937 13,760 4,944 10,329 20,066 10,590 quotations The actual sales of futures at Liverpool, for the same week, are given The Following are the Receipts op Cotton at New York, below. These sales are on the basis of Uplands, Low Middling clause, Boston, Philadelphia and Baltimore for the past week, and since anless otherwise stated. Saturday. September 1, 1879 Delivery. d. Delivery. d. Delivery. d. New York. Boston. Philadelphia. Baltimore. Sept 6U16 Nov.-Dec 6ii6 Mar.-Apr 6I32 Receipts 7 9 6I32 Sept.-Oct . . . .6' 32® l6 Dec-Jan 6 Dec-Jan from— This Since This Since This Since This Since Oct.-Nov 67 Jan.-Feb 6 week. Sept. 1 week. Sept. 1 week. Sept.l. week. 32 Sept. 1 Monday. N. Orl'ana 2,869 4,563 Delivery. Delivery. Delivery. 6I32 7 Texas 8,387 11,194 Sept 62i 32 Dec-Jan Sept.-Oct 6i 33 Savannah 6,664 8,965 105 105 452 560 431 780 Sept.-Oct 6*a Jan.-Feb 6' 32 Sept.-Oct 6ia 7 6i liobile . . Oct.-Nov 6 33 Feb.-Mar 32 Oct.-Nov 63,« Florida... 214 492 Nov.-Dec 6I16 Mar.-Apr 6I32 S.Carolina 3,731 4,310 172 Tuesday. N.Car'lina 968 1,017 21 Virginia.. 2,833 3,524 189 189 •Delivery. Delivery. Delivery. 94 6I32 North.p'ts 1 1,206 1,762 Sept 6»s Nov.-Dec Sept.-Oct 61532 Tenn., &c. 765 1,347 923 1,166 70 158 Sept.-Oct 6ia Mar.-Apr 6I32 Deo.-Jan 6 7 3 619 Feb.-Mar Foreign . 213 214 Oct.-Nov 6 32® 16 Sept 32 .....6 Wednesday. This year. 23,644 35,627 2,423 3,222 528 718 493 1,067 Delivery. Delivery. Delivery. 7 53i Last year. 20,502 39,926 3,8731 5,0381 1,159 2,059! 1,931 2.055 Sept 6'i 732® 9 i6 Sept.-Oct 6 i6 Jan.-Feb 32 6i 7 Sept.-Oct 6i332 Sept 32 Shipments. 6is® 5 613 Oct.-Nov., n. crop, Bhipping News.—The exports of cotton from the United Oct.-Nov 32 Sept.-Oct 32 Nov.-Dec 6 Sept.-Oct 63s sail 6 States the past week, as per latest mail returns, have reached Mar.-April 6 Dec-Jan 53t 32 12,593 bales. So far as the Southern ports are concerned, these Thursday. are the same exports reported telegraph, by and published in Delivery. Delivery. Delivery. last 53i The Chronicle," Friday. With regard to New York, we Sept 6i 732 Nov.-Dec 6 Dec-Jan 32 include the manifests of all vessels cleared up to Wednesday Oct 6*8 April-May 6'g2 Jan.-Feb ; 531^ 613 638 night of this week. Sept.-Oct 63s Sept.-Oct 33 Sept.-Oct Oct.-Nov 6*6 Jj Total „ _. . bales. BHW York—To Liverpool, per steamers Helvetia, 1,103 Olym- Friday. pus, 2,077 — Germanic, 1,133 Baltic, 1,164 Montana, Delivery. Delivery. Delivery. 1,627.... Algeria, l,729....Halley, 580 1. 9 413 Sept 6ia May-June 6i]a Nov.-Dec 515 M To Havre, per steamer St. 6" Laurent, 916 916 8ept.-Oct 6%a>n 32 Jan.-Feb 5i»i6 Sept.-Oct 39 New Orleans—To Liverpool, per steamer Ariel, 1,522 " 1522 Oct.-Nov 63,2 Feb.-Mar..'. 5i&ia Shipment. Cruz, To Vera per schooner, Seguin, 36 36 Nov.-Dec 53I32 Sept.-Oct ..65 16 Oct.-Nov.,n. orop., Baltimore—To Liverpool, per steamer Nova Scotian, 450 450 Apr.-May 6 Oct.-Nov 6ii6 sail 5 1Bie Boston—To Liverpool, per steamer Samaria, 80 80 Philadelphia—To Liverpool, per steamer Indiana, 181 181 Total 12,598 BRE ADSTTTFFS. Friday, P. M., Sept. 19, 1879. The particulars of these shipments, arranged in our usual form, are as follows There has been a further advance in prices of flour during I4verpool. Havre. Vera Crnz. Total. past week, in which all grades have participated. The New York 9,413 916 the 10,329 only New Orleans 1,522 "36 1,558 demand has been very good, and the receipts moderate, Baltimore 450 450 is no doubt that the higher prices are due more Boston 80 80 and yet there Philadelphia 181 181 to sympathy with the course of wheat than to any excess "of business for export of late Total 11,646 916 30 12,598 demand over supply. The leading .. —. September 20, 1879.] THE CHRONICLE. 309 has been at $4 75@4 85 for common extras np to $5 50 for good. 1879. 1878. 1877. 1876. Flour. ..bbls. 4,840,552 4,064,109 3,040,090 2,883.154 Sonnd old flours from spring wheat are not plenty, and, as Wheat bush. 52,449,094 usual at this season, meet with an exceptional demand for 45,771,505 19.092.841 31,839.446 Corn 02,548,936 61,648,457 52,353,013 54,608,993 mixing. Rye flour and corn meal have shared in the improve- Oatt 16,219,98(1 15,487,608 11,514.563 15.160,908: Barley 2,352,351 1,920.996 there partial advance at the opening, 2,507.438 1,458.11ft ment. To-day was a but Kye 2,834,511 2,570,157 1,726,676 1,220,717 it was not fully maintained, and the close was quiet. Total grain .... 130,454,878 122,398,723 88,300,136 104,294,183 There has been a very buoyant market for wheat, with much Rail and lake shipments from same ports for the last four weeks: speculative activity; but the regular export and milling trades Week Flour, Wheat, Corn, Oats, Barley, Rye, have been rather quiet, buyers not readily meeting the advance ending— bbls. bush. bush. bush. bush. bush. Sept. 13 130,036 3,134,958 1,719,059 from day to day. Thursday, on advices by cable 439.112 138,164 161.646 demanded Sept. 6 138.307 2,620.356 1,602,817 0-'7.430 37 327 209 540 indicating a probable deficiency in supplies to meet the wants Aug. 30 155,881 2,555,396 2.387.109 600,209 37,780 181,307 Aug.23 134,847 2,438,317 2,912,366 504,797 19,105 304,005 of Europe, there was an advance in winter wheats of 3@4c. per Total, w'ks. 559.181 ' bush., with some improvement in spring wheat. No. 2 red 4 10,749,527 8,621,351 2.231,548 232, 136 856.558 Tot.4wks'78 461,574 10,951,282 8,980,312 4,075,501292,112 509,201 winter sold at $1 19@1 9^ on the spot and for October delivery Receipts of flour and grain at seaboard ports for the week white at 22 for ' September and $1 20 for November ; No. 2 $1 ended Sept. 13: and $1 20% for October ; and No. 2 spring was quoted. at Flour, Wheat, Corn, Oats, Barley, Rye, At— bbls. hush. $1 11@1 12. Receipts are again large at the Western bush. bush. bush. bush. New York 117,447 2 569,lfif! 738,765 224,506 2,750 140.9S4 markets, and the visible supply accumulates on the already Boston 67,611 105.352 98.623 140,137 7,100 Portland 2,990 5,900 1,500 large figures recently published. To-day the market opened Montreal 13,035 430,029 141,167 15,818 420 huoyantly, with sales for October delivery at $1 13% for No. 2 Philadelphia 17,789 678,500 143.350 92,050 ^OSO Baltimore 21,286 1,.036,900 269,100 39,000 l.ooo spring, $1 21@1 21% for No. 2 red winter, and $1 22 for No. New Orleans 22,370 277,547 7,897 23,072 1 white; but the close was at a decided reaction and unsettled. Total week 262,558 5,209,394 1,405,302 536,083 10,270 145 034 Indian corn has made a large advance in No. 2 mixed, large Previous week... 228.485 4,769,743 2,047.413 544,995 7,100 151,961 Cor. week '78.... 228.554 5,125.966 2,238.254 731,992 9,760 143.043 sales being made yesterday at 50c. for October deliveries of Cor. week '77 208,773 1,902,941 2,184,071 603,498 9,000 193,354 that grade. Other qualities have shared but little in the And from Jan. 1 to Sept. 13, inclusive, for four years: improvement. Supplies are large at all points, but there is 1879. 1878. 1877. 1876. speculative confidence in higher prices. A larger demand Flour bbls. 7,118,131 0,122,616 4,816,292 6,466,271 partial from the South is expected, owing to the failure of the Wheat bush. 91,257,824 67,553,729 14,988,532 30,122,894 crop in that section. To-day there was an advance to 52c. for Corn 79,747,176 80,955,732 62.761,998 63,555,747 Oats 15,548,412 16.333.z06 12,767,077 17,225,693 No. 2 mixed, followed by some decline. Barley 1,779,708 2,493,275 2.216.240 2,853.262 Kye 2,789,086 3,260,955 1,403,743 519,506 Rye has been active and buoyant. There was a large busi- ness on Wednesday in No. 2 Western at 69^@70c, to arrive and Total grain .... 191,122,206 170,596,897 94,137,690 114,277,102 on the spot. To-day the market was quiet and prices nominal. Exports from United States seaboard ports and from Montreal, Oats have met with a much better inquiry from the local for week ending Sept. 13: trade, causing a material improvement in values. To-day the Flour, Wheat, Corn, Oats, Rye, Peas, From— bbls. bush. bush. bush. bush. Inisli. market was firmer, with No. 2 graded quoted at 36c. for mixed New York 102,767 2,303,973 1,140,988 76,805 110,036 1,550 36^e. for white. Boston 22,709 231,485 48,393 and Portland The following are closing quotations : Montreal 17.132 446,109 185.271 13,268 160 Philadelphia.. 10,435 1,005,888 290,822 640 FLOUR. GRAIN. Baltimore 10,360 1,691,222 375,914 200 :No. 2 #bbl. $3 50® 4 10 Wheat— Superfine State aud No.3 spring, $ bu. $1 07 ®1 10 Total for w'k 163,403 5,078,632 2,041,393 95,913 110,036 1,710 Western 425® 4 60 No. 2 spring 112 ®1 14 Previous week. 150,844 5,210,838 1,529,317 18,141 113,701 9,246 Extra State, &c 4 80® 4 90 Amber winter.:. 1 15 ®120 Two weeks ago 1 10,379 5,261,493 965.694 20,721 54,893 35,954 Western spring wheat Rod winter, No. 2 119 ®1 19*9 Same time '78. 109,992 4,175,212 1,708,714 102,147 82,947 32,147 extras 4 75® 4 95 White 116 ®1 22 do XX and XXX .. . 5 00® 6 00 No. 1 white 1 2L ®1 21ia The visible supply of grain, comprising the stocks in granary Western winter ship- Corn—West, mixed 51 ® 52 ping extras 4 85® 5 15 Western No. 2... 51*4® 5113 at the principal points of accumulation at lake and seaboard do XX aud XXX... 5 00® 6 00 Wostern Yellow. 51ia® 62 ports, and m transit by lake, rail and canal, Sept 13, was aa Minnesota patents... 5 75® 7 50 Western White... 54 ® 57 19 follows: shipping City extras., 4 85® 5 65 Rye—West'n, No.2. 70 ® 71 Wheat, Corn, Oats, Barley, Southern, bakers' aud State and Canada 72 ® 74 In Store at bush. bush. bush. bush. bush. family brands 5 65® 6 25 Oats—Mixed 34 ® 36ia New York 2,917,666 2,022,748 663,582 26,107 84,917 South'u ship'g extras. 5 10® 5 50 White 36 ® 38^2 Do. afloat (est.) 1,000,000 275,000 125,000 Rye flour, superfine.. 3 80® 4 10 Barley—Canada W. ® Albany 15,000 45,000 83,000 "6,700 64,500 Corn meal- State, 4-rowed... Buffalo 519,633 <>.-|l,SM0 13,121 23.589 Western, &o 2 28® 2 60 State, 2-rowed... Chicago 1,344,102 3,057,732 499,658 138.817 165,554 Brandy wiue, Ac... 2 90® 3 00 Peas—Can'da,b.& f 70 ® 85 Milwaukee 294.392 12,132 12,100 178,031 17,605 . Duluih (6th) 185,923 12,990 Receipts of flour and grain at Western lake and river ports Toledo 1,016,168 250,170 159,726 " 6,606 26,724 for the week ending Sept. 13: Detroit 539,206 4.905 3.156 86 Oswego 170,000 300.000 3,000 232.000 65,000 Flour, Wheat, Corn, Oats, Barley. Rye, St. Louis 1,086,167 391,879 86,150 14,187 42,121 Mils. bush. bash. bush. bush bush Boston 137,801 67,841 72,860 500 At- (196 lbs.) '60 lbs.) (56 lbs.) (32 lbs.) (48 lbs. (56 lbs.) Toronto 70,500 700 39,303 1,024 Chicago 33,980 1,197,056 1,519,395 300,514 140,426 119,116 Montreal 70,238 35,000 1,500 10,676 342 Milwaukee 27.578 390,500 21,200 22,600 160,517 29,050 Philadelphia . 991,000 170,500 Toledo 936,130 107,166 52,262 7,011 Peoria 33.671 259,453 152,365 10,930 'oi',603 Detroit :.. 7,084 409,171 2,708 6,004 27,063 696 Indianapolis... 160,100 41,600 71,300 12.700 Cleveland 2,615 155.350 43,300 42,400 3,150 Kansas City . . 194,391 39,422 18,652 4,610 fit. Louis 41,751 570,196 45,670 137,415 67,471 16,632 Baltimore 1,340,103 307.381 Peoria 1,535 18,800 149,750 56,800 25,000 21,150 Rail shipments 585,836 257,396 349,739 13 577 *2ft|368 Duluth Lake shipments.. 2.549,07 1.461.663 89,373 537 133,278 On Canal 2,700,000 2,076,000 57,000 23.700 228,336 Total 114,543 3,733,253 1,889,189 617,995 420,477 196,805 Previous week. 112,314 3,975,483 2,466.206 784,506 317,349 216,025 Total 17,927,079 12,040,692 2.461.982 825.156 950,771 Same time '78.. 111,933 2,945,871 1,989,272 768,680 506,503 186,934 Sept. 6, '79 17,045,773 13,003,518 2,704,134 501,209 937,191 Aug. 30, '79 15,748,775 13,104,508 2,492,897 355,^22 761,263 Total receipts at same ports from Jan. 1 to Sept. 13, inclusive, Aug. 23, '79 15,966,899 12,582,429 2,279,174 300,498 797.180 for four years: Aug. 16, '79." 16,026,837 12,140,032 1,824,631 306.311 493,906 „ 1879. 1878. 1877. 1876. Sept. 14, '78 11,703,489 10,601,568 4,313,273 2,261,901 1,026,128 Flour bbls. 4,456,282 3,863,019 2,883,147 3,605,609 Wheat bush. 59,408.211 55.085,524 22,426,271 33,632,335 THE DRY GOODS TRADE. Corn 70,243.129 72,918.440 59,402.648 57,673,082 Oats 22,123,108 22,(154,088 15,379,671 17,662,800 Friday, P. M., Sept. 19, 1879. Barley 3,433,601 4,452,623 3,683,818 3,667.909 The dry goods market has exhibited rather less animation Eye. 3,093,158 3,470,421 3,914,406 1,430,896 the past week, owing partly to the recurrence of Hebrew holi- Total grain.... 158,301,207 158,581,096 104,865,818 114,007,152 days, which checked the operations of an important class of Total receipts (crop movement) at the same ports from Aug. 1 buyers, and partly on account of the larger receipts and to Sept. 13, inclusive, for four years declining tendency of cotton. The jobbing trade was moder- 1879. 1878. 1877. Flour bbls. 838,417 660,360 649,305 ately active, but, for the same reasons, less buoyant than of late. were relatively in much better Wheat bush. 22,142,743 21,078,537 12,134,746 Department goods Corn 17,215,022 20,414,283 16,795,053 demand than domestics and calicoes. The cotton goods com- Oats 6,061,220 8,993,047 4,733,808 Barley 1,009,199 1,521,772 963,635 mission houses reported new busines as somewhat sluggish, but Bye 1,311,319 1,411,112 904,479 there was a fair movement in certain makes of brown and Total grain .... 47,739,503 52,518,756 35,601,720 27,416,203 bleached goods, cotton flannels, Ac, on account of former woolen goods Comparative shipments of flour and grain from the same orders. Manufacturers' agents representing ports from Jan. 1 to Sept. 13, inclusive, for four years: effected a moderate distribution of heavy cassimeres, cheviota — . — Vol. XXIX. 310 THE CHRONICLE. | Receipts of Leading Articles ot Domestic Produce. *nd worsted coatings, and additional orders for spring weight The following table, based upon daily reports made to the woolens (for men's wear) were placed by the. clothing trade to New York Produce Exchange, shows the receipts of leading a considerable aggregate amount. Foreign goods were in fair articles of domestic produce in New ¥ork for the week ending demand at private hands, and a very successful sale of dress with Tuesday last (corresponding with the week for exporta); goods and silks (of the importation of Messrs. Passavant & Co.) also the receipts from January 1, 1879, to that day, and was made by one of the leading auction houses. for the corresponding Domestic Cotton Goods.—The exports of domestics from this period in 1878: port to foreign markets during the week ending September 16 Week ending Since Jan. 1, Same time as follows : Great Britain 694. were 1,374 packages, distributed Sept. 10. 1879. last year. D. S. of Colombia 186, Brazil 183, Hayti 94, Argentine Republic Ashes bbls. ei 4,616 3.049 59, Canada 55, British West Indies 30, &c. The trade in cotton Beans bbls. 1,790 47,548 51,138 Breadstuffs— in volume, and transactions were mostly of goods was restricted Flour, wheat bbls. 111,794 3,639,547 2,912,412 a hand-to-mouth character, but agents' prices continued steady Corn meal bbls. 2,291 1 15,317 144,294 Wheat bush. 2,351,544 43,613,387 40,656,592 sea- on all fabrics that were not unduly advanced early in the Kye bush 154,330 1,898.746 2,616, .52 Corn bush. 477,222 29,329.802 27,510,742 drills were more sought for by exporters, and there son. Brown Oats bush. 164,285 7,747,!i99 10.070.067 was a moderate demand for brown sheetings. Bleached cottons Barley and malt bush. 33,618 2,465,530 2,997,186 Peas bush. 2,584 250,299 465,551 were in steady request (for light selections), and certain widths Cotton bales 19,215 472,053 538,554 wide sheetings continued fairly active. Colored cottons were Cotton seed oil bbls. 252 17.557 of Flax seed bags. 45,314 124,201 taken in accordance with actual requirements to a moderate Grass seed bags. 1,986 102,384 134,311 good many duplicate orders were Hi.les No. 2,037 158,916 127,995 aggregate amount, and a Hides bales. 757 92,991 91,946 placed for low and medium grade cotton flannels. Print cloths Hops bales. 1.443 53,627 52,2*5 Leather sides. 84,811 3,021,482 and 3,011,211 ruled quiet, and prices declined to 3M@3%c. for 64x64s 3% Lead P'gp. 853,073 2,564,370 Molasses hhds. 4,941 18 7-16c. for 56x60s. Prints were in light demand at first hands @3 Molasses bbls. 100 75,738 113,971 and some well-known makes were reduced to 6^c. without Naval Stores- Turpentine, crude bbls. 150 1,598 2,073 cotton materially increasing their distribution. Ginghams and Turpeutiue, spirits... bbls. 1,018 56,005 56,680 dress goods continued fairly active and steady in price. Kosin bbls. 4.7M7 235,508 295,022 Tar bbls. 950 20,557 15,475 Domestic Woolen Goods.—There was a fair demand for Pitch bbls. 119 2,520 2,366 Oil cake pkgs. 8,256 291,362 312,341 the clothing trade, in which both heavy men's-wear woolens by Oil, laid bbls. 11,940 12,917 and light weights participated, and the condition of the woolen Oil, whale galls. Peanuts bush. 1,657 73,388 51,505 goods market geneially is considered satisfactory. Wholesale Provisions— excellent business since the season Purk pkgs. 1,308 176,045 178,867 clothiers have done an Beef pkgs. 467 27,252 38,463 opened, and their stocks are in constantneed of replenishment. Cutmeats pkgs. 37,806 1,302,660 910,764 Butter pkgs. 38,318 1,058.870 850,808 Prices of woolen goods are firmly held and the supply is in very Cheese pkgs. 115,761 1,803,734 2,210,758 good shape. Duplicate orders for moderate lots of heavy Eggs bbls. 4,882 351,266 371,809 Lard tcs. &bbls. 6,011 535,388 543,554 fancy cassimeres, cheviots and worsted coatings were placed by Lard kegs. 2,065 48,3i0 30.699 Hogs, dressed No. 49,869 19,807 clothiers to a fair aggregate amount, aDd liberal orders for light Rice pkgs. 689 26,834 24,079 weight fabrics were placed by the same class of buyers. Over- Spelter slabs. 1,959 64,775 Stearine pkgs. 273 20,568 15,516 coatings ruled quiet, and there was only a moderate inquiry for Sugar bbls 12 1,673 900 hhds. 498 31,478 15,562 cloths and doeskins. There was an irregular demand Sugar cloakings, Tallow pkgs. 1,002 69,922 58,427 for Kentucky jeans, and satinets were a trifle more active. Tobacco boxes & cases. 3,130 121,462 146,553 Tobaoco hhds. 2,806 70,704 118,162 Flannels were rather quiet, but stocks are very light and prices Whiskey bbls. 3,677 190,743 139,924 firm. Blankets were in fair request by package and retail buy- Wool bales. 0,329 94,188 65,469 ers, and stocks are well in hand. Worsted dress goods con- Etpor sot Leading Articles of Domestic Produce. tinued active and firm, and carpets were in good demand. The following table, basel upon Custom House returns, shows Foreign Dry Goods.—There has been little change in the the exports from New York of all leading articles of domestic condition of the foreign dry goods market. All kinds of produce for the week ending with Tuesday last; also the exports imported fabrics were fairly active in jobbers' hands, and a fair from the 1st of January, 1879, to the same day, and for the distribution of dress goods, silks, &c, was made by importers. corresponding period in 1878: Prices of the most staple fabrics remain steady, and stocks are generally well in hand, except silks, which are in large supply. Week ending Since Jan. 1, Same time Importations of Dry (iood*. Sept. 16. 1879. last year. The importations of dry goods at this port for the week ending Asues, pots bbls. 1,046 1,127 ashes, pearls bbls. 15i 139 180 Sept. 18, 1879, and for the corresponding weeks of 1878 and Beeswax lbs 3,225 50,810 125,050 as follows: Breadstuffs 1877, have been Flour, wheat bbls. 82,461 2,220,637 1,733,856 4,8.0 3.411 ENTERED FOR CONSCMPTION FOR THE WEEK ENDING SEPT. 18, 1879. Flour, rye bbls 130 Corn meal bbls. 1.149 111,1*7 153.216 1877. 1878. 1879. Wheat bush. 2,223.711 4'. ,8 19,738 36,480.930 Rye hush, 1«H,287 2,816.590 2,968.163 Pkgs. " Value. Pkgs. Value. Pkgs. Value. Oats bush. 76,795 456,340 2,649.323 Bailey bush. 45 119,629 1,510,207 Manufactures of— $ $ $ Peas bush. ," " 1,649 252,059 310.713 Wool 942 384,434 852 352,935 1,216 491,989 Corn .bush 1,039,135 24,747. Seitkmbek 20, 1870.] THE CHRONICLE. 311 i.l..tr./(lL UUNM1IU).—see report under Uottoa waua- UIV Clover, Wmuru a A. (MA 1U Clover, New Ifork State lj» s North River ehlpp'mr * 10U ft 50 tlOES OURKKNT • Timothy ft buah. 1 40 , 110 Canary, Smyrna 1 4J II KM I- AND JUl'K- a Canary, Shlly j 10 2 10 ASBKA Amerlcan dressed ft ton. 145 CO a 160 00 a Pot. anoned. • •>. «X« «¥ Cautry, Sniniti 2 10 a 2 !?>4 America!, undressed 1.5*00 .... Canary, 1 Dmeb IK « IK i I el report. Kussla clean 17, ii RHKai'ni f en—See aped 1 Hemp, foreign I'll* a 1 1*3 UUU.DlNl. UATKKlALB- Italian t5 Flaxseed, \inerlcan, rough . . .1 brtcli— Common bard, afloat. .ft M S 10 a 7 00 Manila ....»». 'V 87Ka 7H« Linseed, Calcutta ft J4 Cretin, ;j» iH Sisal M<4 ». 2 (0 a ..... t BX Lhiaeed. Bombay fil6ft. Philadelphia !3«l «UU0 •lute _ 8k>> iX ... «s> .... Lenient .-".... i, I ne V bbl. »J • dPBLTBK- Kockland common.... bbl. 10 «t UIDB8- Km*- » Porelgn 100 ft. s 8JK • 6 00- kland finishing „ 90 • .... Dry— Buenos Ayres.selected. .VB. 22 • 28 noiirnittfi. rnmmOD Ro. '" 3 5 6 00 LumDet - P'-ie.g'd to ex.dry ft H it. 40 uu a 60 on Montevideo, do.... 24 • .... refined D mestlc S 00 (a 9 00 Pine.ahlDpljg box WJP 8 22 00 Corrlentes, do.... " ....« 21 do t» iy ooards.corn.top. n.eaeh .2 a -0 Bio Grande, do.... " 10 •> 21'H SPICKS- '• 21 Oak.. .' * M. It. 83 Oil • 43 UU Orinoco. do...... 4) Pepper, Batavla. f) t» ^ 4-1 (Jti California, do.... » il Ash. good J3 0U • *'H* do Singapore Hx I ijii •' "* Bl»o» walnut ij mi 91IW 00 Mntatnoraa. do . 11 a r. 1 do white is •• a Bpruoe board! A planks, each.... IS a a ryet.yalt«t— Bnen. Ay, selected «S4) 11 •. Cassia, China Llgnea a iVu Hemlock boards, eacb '4 a It Para, do... " t)H» • do Batavla 5 17U ft. 00 45 UU California, do.... " 10 Waii i! * M. » 4) 9, Ginger, African 2 ttt "> •• gaiu— :0ia»0d.cim.ren.* ah.* keg a a Texas, do.... 9 41 11 do Calcutta a 4 Clinch. IX to 8ln.Alonger 4*5 8 B I'C A. l.itoek—Cal.,slaught.cow. " 10 tt 12 Mace 62)4a 70 • 9 lit Ddttna... 8 5 l.i Calcutta, deadgreen • Nutmegs, la-g- .... »j a >j Cut-.plkes.al!slies t» * 16 Calcutta, buffalo " 8 • ix do luiall ...a 76 lainu- Lfl.,ir.ni'.com .pilce. » ». 1 e Pimento, Jamaica...... 15 a 1«X t HOPS— Lead. • r, comblna lo.i. P lo.... X C Cloves 41 48 Yorks. new crop 24 .'6 a tint ml c. lry ! I 8X New O do stems !•<(• 17 Cine. Fie ch, uree- seal 9 • 9* Eanteru, new crop 24 <3 31 Peru. «...«.K..k.CllfIi O ef» 1141ft. 1 25 • 110 Western (at .... SPIKITB- gold.— Olds, all growths , 4 10 Brandy, foreign brands ft gall. 3 80 ii 00 BO 1 "1 s ' - < wtiolesan rriceki— a Btate pails A tubs, far tnchee.fi ft. H • 19 Yearlings (1816 crop) 9 « 16 Kum—Jam. ,4th proof " 1 on a i 00 '• V.e-1'i cr am ry o .d tnpr me " 19 8 11 St. Croix, 3d proof .1 .V) a 4 ix> INDIA KUBBKtt- •• Welsl'.nlaie. faoto Choice.. •* 13 8 Gin 2 19 A 83C Para.llne 12 41 Western dairy, lair to choice.. " U 8 15 Whiskey, Scot-h...! " rtt a Para, coarse of 57H " i do Irish 3 60 3 90 en • Esmeralda, preksed, strip Btntr factory, ia!r to prime f»» 8X* 9 5i £ 60 Domenltc UQ'/nrt— Guayaquil, p essed, strip.. : (9 »6 fta . fa r to flue " Alcohol, tuty 1 aid ft gall. 2(3 Ohio mi 8X Panama atrip here. a None Whiskey " 1 16 DO-. Carlhaicena, pressed a 1 01 Liverpool gat cannel O 8 CO do Nicaragua, a&eet 1.0 Liverpool house cannel 11009 59 BTBEL— Store Price Ntcarae-ua, scrap Burnt , ft qnartor box vs • tt'K'a 11 Sontb Am\'MeVlncVunwsihed.V.'.V' a Jf Ma. ironl. Italian fr ft unwashed * * u a) Turk'sisland ft trash % 00 Cape Good Hope. JJ .Domestic Dried- rexas. One, Eastern ;» • £ illeerl Si.Martln a ~ Apple . bui hern, (new).* n. 6 7* a 7* i,iv«rr>oo' AshtonV tine f sack. ....» 2 50 Texas, medium, Eastern do do iiaartera (n j asw) 4 a 6 Smyrna. unwashed la • 4V> Bute, siloed 4 Z 1ALTPKTKK- ' ^al do do quarters, . $w . a .—«*«.— -r Kerlned.pnre •.*» « r» 9 FBBlGHTo— — Peaches, pared. Ha., good to cbV-.. f * )j per 5u 1oLit«»fool: I. * •• ?• •"•_ *•. Crude 100 lb. 3 28 , 5 is.8 do unp': halves and 0, s. — "• new 4) A t nitrate aorta " " 8 60 a 8 62 Cofon »A. .3-1*2 * an* Blacknerrle (new). faa a Flour * bbl. !• .... 4 rlea f .... Kaapbe. (new/ 2s 41 A S1LK- ueav. goods, .ft ton. IT* 6*37 ....A * •"" t.herrlen. piueu, ury mixed (newX. I" » V» Tsatlees, no. « 6 00 6 55 Corn.bTkAbgs. » hn. £"*• •" Pturr.»,5 re I a ••••-. Hcneber. Tavaaams. No. I U01 • tvnest.balk Abags.. » Taatlees, beat ir si) ..«ft ?ft*". ... a...k •» •• •••» ••an, ,»•«"»«••• {fcnilSr.. Ke'-reeled a Beet ••*. ffho-tleiierries tnew) u | ™7j^ Be-reelel Cant ,n Congoun, No. 1... 5 .3 (a i a FBtk •»•' •...... « ••#. : s C 312 THE CHRONICLE. [Vol. XxiX Financial. Commercial Cards. Insurance. Wm, Fisher & Sons, BrinckerholT, Turner BANKERS, Co., And Dealer* In Governments, Coin, & & OFFICE investment Securities, OF THE 'Manufacturers and Dealers In Oppositx Sbcond St. % SuUTH STREET BALTIMORE, fflD. COTTONSAILDUCK Purchase and sell Governments and Coin. Gold constantly kept on hand for the supply of Mer- And all kind, of chants, for duties. AT L AN TI Bonds and Securities of every description bought COTTON CANVAS. FELTING DUCK, CAR COVER and sold on Commission Orders, w'alch have direct personal attention. 1*0, BAGGING. RAVENS DUCK, SAIL TWINES J Especial attention Is given .o Investment Securities *C. " ONTARIO ' SEAMLESS BAGS, of the higher grades, quotations for which are fur- nished as required. "AWNING STRIPES.' Correspondence solicited. Also, Agent, Mutual Insurance Co. United States Stunting Company. Swan & Barrett, A full snpplj all Width, and Color, always In stock. BANKERS AND BROKERS, No. 109 Dnane Street. 200 middle Street, New York, JrTlry 23, 1879. Hong Kong & Shanghai The PORTLAND, M Vl\i:, Trustees, In conformity to the Charter of the Company, submit the following Statement of Its Dealers In Government, State, County, City and Rail- Banking Corporation, affairs on the 31st December, 1878: road Bonds, Bank Stocks, Ac. t Head Office, Hong Kong. Premiums received on Marine Risks, Desirable Investment Securities constantly on hand AGS IT, from 1st January, 1873, to 31st De- .S.W POJ EROlT Jb., I Wall St.. N. Y. cember, 1378. $4,009,309 47 Premiums P. F. Keleher & Co., on policies not mirked of! 1st January, BANKERS AND BROKERS, Russell & Co., 1878 1,848,697 34 No. 305 Olive Street, c on mission Kerch aw t Total amount of Marine Premiums. ^5,858,00683 ST. LOUIS, MO., AND SHIP AGENT No policies h»7e been issued upot: Lift; Hong Kong, Canton, A 11105 , Foochow Risks ; iior upon Fire, discon- Buy and sell Government, State, County. Township Shanghai and Hankow, Clilna. nected n u 1 Municipal Bonds. Coupons collected. Missouri with Marine, Risks BoadB a specialty. Foreign exchange bough and sold. Boston Agency, 1 New York Agency, Premiums marked off from 1st Janu- J. MURRAY•^ORBES,F S. W.POMEKOY Je., ary, M Ckntbal Street, 59 Wall St.. N.Y lS78,to 31st December, 1878 4,186,024 93 THE norm: s of i hi: con- Losses paid Tosolidated FIRST MORTGAGE BONDS OF during the THE COLUMBUS CHICAGO & INDIANA CEN- John Dwight & Co., saxe period $2,012,784 45 TRAL RAILWAY COMPANY: Return > of Premiums and The Bondholders* Agreement of 17th of May, 3879, was drawn under the supposition that the de- MANUFACTURERS OF Expenses. . . $859,980 58 cision of Judge Hiiiian would permit the reduction The Company of the debt to $15,821,000 Seven Per Cent Bonds, to SUPE K< ARBOWn: has the following assets, viz.; be made through the Instrumentality of the court, in whose hands the accrued rental would be paid, OF United States and State of New York and applied by it us far as necessary to effect this Stock, reduction. But, according to Judge Harlan's de- City, Bank and other stocks. $10,086,758 00 cision of 6th August, the grunting of a decree for SODA. Loans secured by Stocks, and other- the recovery of the rental is made dependent upon A<>. 11 Old Slip, the reduction of the debt having first been made. New York wi8e 701,200 00 This will not really change the ultimate result to The Jobbing Trade ONLY Supplied. Real estate and claims due the the bondholders, but makes it, however, absolutely Com- necessary that the Committee should have at its pany, estimated at Bonds 619,034 50 disposal the themselves instead of only the Premium Notes and rental, as provided for in the Agreement of 17th MANHATTAN RAILWAY COMPANY, Bills Receivable 1,529,259 74 May, 1879, in order to enable it to conform to Judge Cash in Bank ; 381210 93 Harlan's last decision. SIXTH AVENUE LINE. A supplementary agreement has therefore been OPEN FROM 5:80 A. M. 12 P. Total amount of Assetsr^.TT.^. prepared by wli ieh the holders of consolidated bonds TO M. $13,380,463 16 authorize the Receivers and the Committee to use Rector Street—Nearest point for Wall St. Ferry Six per cent. whatever amount of bonds, with their coupons, and connects with the cars for South Ferry. Cort- Interest on the outstanding which will be required to effect the reduction of the landt Street -Nearest point, for Jersey City and Com- certificates of profits will be paid to the holders to $15,821,000 Seven Per Cent munipaw Ferries. Park Place. Chambers Street debt Bonds, and giving thereof, or their legal such further powers in detail as are found requisite Franklin Street. Grand Street. Bleecker Street- representatives, on and after tor the wcrking of the scheme under the effects of Connects with cars for East and West. 8th Street Tuesday, the 4th of February next. ' the lute decision. 14th Street. 23d Street. 33d Street. 42d Street- Connects with The parties to the agreement of May 17, 1879, are New York Transfer Company's cab Tlie Outstanding Certificates of the issue requested to sign this supplementary for Grand Central Depot. 50th Street and 6th Ave agreement of 1S75 will be with as little delay as possible, so as to enable the 58th Street. 53d Street and 8th Ave. 59th St. and redeemed and paid to the holders 9th Ave. 72d Street and 9th committee to make urrungiMiients for providing the Ave. 81st Street and thereof, or their legal representatives, on and after large amount of cash (about $900,000) which will be 9th Ave. 93d Street and 9th Ave. 104th Street and required, in addition to the cancellation of a certain 9th Ave. For up-town trains take east side stations Tuesday, the 4th of February nait, from which date For down-town trains take west side stations. amount of bonds, to comply with Judge Harlan's all interest thereon will cease. The certificates to last decision. Trains will run to 58th stieet and 0th ave. an£ It will be necessary that the Bondholders, on sign- 104th street and 9th ave. alternately. be produced at the time of payment and cancelled. ing the Supplementary Agreement, shall present Sunday trains from 18:30 P. M. till IS midnight. their receipts to the UNION TRUST COMPANY, FARE TEN CENTS, A Dividend of Thirty per cent, is de- Except between the hours of 5:30 and 7:30 and have a stamp placed upon the same, as provided A. M. an c:arcd on the net earned premiums of the Company, by the Supplementary Agreement, declaring them 5 and 7 P. M when the fare is Five Cents. to be subject to it as well as to the original Agree- WM. R. GARRISON. President for the year ending 81st December, 1878, for which ment, M. VAN BROCKLIN. Superintendent. certificates will be issued on and after Tuesday, tha Copies of the Agreement will be found at the office of the UNION TRUST COMPANY, No. 71 6th of May next. I Broadway, or of A. 1SELIN & CO., No. 48 Wall st. Insurance. Parties residing out of the city can forward their By order of the Board, Certificates to A. ISELIN & CO., who will attend to having them stamped and returned, without charge. J. H. CHAPMAN, Secretary. New York, August 23, 1879. HOME ADRIAN ISELIN, „!• \ Committee.nrt R. T. WILSON, Insurance Company Commercial Cards* OF NEW YORK, OFFICE, 119 BROADWAY. TRUSTEES: Fifty-Second Semi-annual Statement, E.R.Mudge,Sawyer&Co SHOWING. THE CONDITION OF THE COMPANY S. D. Jones, Charles Dennis, A G E N T << FOK ON THE FIRST DAY OF JULY, 1879. \V. II. II. Moore, Lewis Curtis, Washington Hill., < liicopee Mfg Co., CASH CAPITAL Charles H. Russell, James Low, Burlington Woolen Co., $3,000,000 00 _ Ullerton New mills, Reserve for Reinsurance 1,728,217 00 David Lane, Gordon V. Burnham, Reserve for Unpaid Losses 220,2 10 20 Atlantic Cotton m Ills, Francis Skiddy, Wm. Sturgis, Sarin o;r a Victory Ufa Co.. NetSurplus 1,179,694 48 AND Adolph Lemoyne, Josiah O. Low, Hosiery, Shirts and Drawer* Total Assets $6,128,021 74 William E. Dodge, Royal Phelps, T'rom Various Mills. NEW YORK, BOSiONi M JltitllV OF ASSETS Thomas F. Youngs, C. A Hand, 43 & « WaiTS 8TBKBT. 15 CHAU&OSY ST. Held in the United States, available tor the PAY- John D. Hewlett, William H. Webb, PHILADELPHIA, MENT of LOSSES by FIRE and for the protec- Charles P. Burdett, J. W. DAYTON, asi) Chkstnut STBSKT. tion of Policy-Holders of FIRE INSURANCE Horace Gray, Cash in Banks $92,422 87 Edmund W. Corlies, John Elliott, Bonds and mortgages, being first lien on Alexander V. Blake, Robert B. Mintum, real estate iworth *4,1B7,609) 1,928.236 64 •George A. Clark & Bro., United States stocks (market value) 3,219.500 00 Charles H. Marshall, George W. Lane, Bank stocks (market value)...., 189.575 00 Robert T. Stuart, James G. DeForest, State and municipal b'ds (market value) 235,778 00 Loans on stocks, payable on demand Frederick Chauncey, Charles D. Leverich, (market value of securities S216.307).. 141,170 00 William Bryce, William H. Fogg, • Interest due on 1st July, 1879 :...... 55.178 25 in '. Balance hands of agents... ; 163.505 68 Peter Y. King, Thomas B. Coddiifgton. Real estate 95,921 26 Horace K. Thurber, Premiums due and uncollected on poli- A. A. Raven, cies '••sued at this office 8,734 24 William Degroot, Benjamin II. Field. aotal , $6,128,021 74 J D. JONES, President. r*»** CHAS. J. MARTIN, President. CHARLES DENNIS, Vice-President. 1 J . H. HASHBI.KN, Secretary. H. ild nUIiWARD'S HELIX NEEDLES. W. JB.. MOORE, Vice-President. A Dividend of five PER -CENT has been de- A. A. 8AYEN, 3d Yice-Preaid.sat.w 400 BROADWAY, NEW YORK. clared, payable on demand. : » September 20, 1870.] i THE CHRONICLE ln«iii;ui. <-. StcumNliip*. Cotton. Marine and inland insurance. ONLY Almy & Co., OFFICE OF THE (Successors to GRAY A CO.), Direct Line to France. COTTON BUYERS AND BROKERS, ORIENT No. 96 WATER STREET, The General Trans-Atlantic Company'* BOSTON, mm., Agencies for the purchase of Cotton at all of the- Mutual Insurance Co. Mail Steamships, principal Southern Markets. Assets, 31st December, 1878, bitwan L. F. Berje, $1,123,270 63. NEW YORK AND HAVRE. The splendid vessels on this favorite route fer the COTTON BUYER & COMMISSION MERCHANT, r i! i s i i : i : 8 . Continent—cabins provided with electric bells—will George Mosle, Alex. M. Lawrence, sail from Pier (new) No. 43 North River, foot of NEW ORI.EA N S , . .Morton street, as follows: t A Edward F. Davison, -I -lii. D. Dix, Charles Munzlnger, 1'F. It El UK, liunre Wed.. Sept. 24. 12 M. Henry DeB. Routh. AMKHIOUK. Delord Wed.. Oct. 1,8 A.M. Walter Watson, E. It. It. Lyman, FRANCE, Trudelle Wed., Oct. 8, II A. M. Dennis Perkins & Co., Henry R. Knnhardt, Frnesto G. Fabbrl, PRICE OF PASSAGE. (Including wine; Hugh Auchincloss, Henry E. Sprague, To Havre—First cabin, $100; second cabin, $65: COTTON BROKERS; Lawrence Welle, John Welsh, Jr., third cabin, $::'>; steerage, $26, Including wine, bed- 117 Pearl Street, New York. ding ami utensils. Wll.iam Pohlmann. Lewis Morris, Orders for Spot Cotton and Futures promptly exe* Hamilton, Chas. F. Zimmermann, Return tickets at very reduced rates, available for Alexander twelve months. Cited Theodore Fachiri, Constautin MeLelas, For passage and freight apply to Carl L. Recknugel, C. L. F. Rose, W. F. Ca y, Jr., Win S. Wilson, LOUIS DEBEBIAN, ames F. Wenman & Co.,. F. Couslnery, J Carl Victor, COTTON BROKERS, Ramsay Crooks, Gustav Schwab, Agent, 55 Broadway. Arthur B. Graves, George H. Morgan, rvo. 146 Pearl Street, near Wall, N. Y» H. L. Chas. Kenanld, L. M. Calvocoressi. established (In Tontine Building) 1841. EUGENE DTJ1ILH, President. Atlas Mail Line. ALFRED OGDEN, Vice-President. For West Indies and South America, Calling at F. CBARLES IRVING, Secretary. the following ports, viz.: Kingston (Jam.), Cape John Wheless & Co.,. Hayti, Gonaivea, St. Marc, Port au Prince, Anx ANTON METZ, Assistant Secretary. Caves and Jacmel, in Haytl; Santa Martha, Sava- COTTON nilla, Carthagena and A spinwall, in Colombia; and Greytown, Nicaragua. commissioN Regular Fortnightly Sailings from Pier No. 151 ihercharts, •I- in: North River as follows : For Hayti, Colombia, Greytown, Port Llmon, ABpin- NASHVILLE, TENNESSEE. wall. Panama, ami South Pacific Ports : AILSA Sept.J>7| ALVO Special attention given to Spinners' orders. Corre- For Kingston, Havti and Maracaibo : spondence solicited. LIFE References.— Third and Fourth National UTUAL ATLAS I ETNA Bunks For Porto Rico—CLARLBKL, Sept. 20. and Proprietors of TubCiironiole. Superior first-class passenger accommodations. PIM, FOKWOOD & CO., Agents, ISURMCECOMPffi No. 37 Wall Street. D. W. Lamkin & Co... OF NEW YORK, Jf.S.WINSTON, PRESIDENT Publications. Cotton Factors, ISSUES EVERY APPROVED DESCRIPTION OF VICKSBURG, miSS. LIFE AND ENDOWMENT POLICIES The Greatest Living ON TERMS AS FAVORABLE AS THOSE OF Authors, such as Prof. Orders to Purchase Cotton in our market solicited ANV OTHER COMPANY. Refer to Messrs. J. IUax 'I nllcr, Rt. Hon. THOMAS SLAUGHTER. Sew ORGANIZED APRIL IZ™ 1842. York « . E. Gladstone, Jas. CASHMIS0YER$80,QOO,00O. A. Froude, Prof. Hux- ley, R. A. Proctor, Ed. Wm. Felix Alexander,, A . Freeman, Prof. Tyn- Publications. dall, Dr. \v. R. Car- COTTON BROKER, penter, Frances Power AUGUSTA, GEORGIA. Christian Advocate, k Cobbe, The Duke of The Entire attention given to purchase of COTTON Argyl wm. Black, miss Thackeray, on NEW YORK. OHDKK tor SPINNERS and EXPORTERS miss mnloch Geo. macDonald, mrs. CORRESPONDENCE SOLICITED. LEADING NEWSPAPER OF THE METHODIST Ollnhant Jean Injjelow, mrs. Alex- References :—National Bank of Augusta, Georgia EPISCOPAL CHURCH. ander, Thomas Hardy, Ulattliew Arnold, Henry Klngsley, Turguenlel', Henry Hentz & Co., Commission Merchants New York; William B.Dana A Co., Proprietors Comhbb Circulation oyer 60,000 Copies Weekly. Carlyle, Knt.Mii, Tennyson, Brown- ing, and many others, are represented In the cial and Financial Chronicle., and other Near pageB of Yoik Houses. THE PUBLISHERS BUSINESS HOUSES Littell's Living Age. Jan 1, VITA, Thb Living Age ento red upon lis One Wire Rope Hundred > nd Fo>tieth volume. During the year it Of THE CHRISTIAN Who are in the con- will furnish to it* readers the productions of the STEEL AND CHARCOAL above named and many others forcmo-t authors ; IRON of superior quality ADVOCATE present to stant habit of using its the choicest berial ana snort ..lories by embracing suitable for (he MINING AND Its readers, in its week- Advertising Columns LEADING FOREIGN NOVELISTS. HOISTING PURPOSES, In cllned Planes, Transmission ly issues, a paper SEC- Indorse It Highly and an amount of Power, etc. Also eat any Periodical OND TO NO OTHER as an Advertising Me- Unapproached by other van'jied Charcoal and BBf tbe world of the most valuable Literary and Scien- in Ships' Rigging, Suspension PUBLICATION of Its dium that it pays to tific matter of the day, from the pens of the FORK- MOST ESSAYISTS. SCIENTISTS. CRITICS. UlS Bridges, Derrick Guys.Ferr/ Hopes, &c. A large stock kind in the world in patronize. : Its AND EDITORS, representing every de- Reason COVKRKRS constantly on hand partment oi Knowledge and Progress. from which any desired length point of actual merit. readers are of the bet Thb Livi.no Age Is a weekly magazine giving than are cut. FLAT STEEL AND more IRON HOPES for Mining- That the membership ter class in every com THREE AND A QUARTER THOUSAND purposes manufactured to- order. of the Church appreci- munity where it circu double-column octavo pages of reading mattar yearly it presents In an inexpensive form, considering its JOHN W. MASON & CO., matter, with freshness, to Its 43 Brnadivar. ate this fact is evinced lates ; in fact. Just the great amount of owing New York. weekly Issue, and with a satisfactory completeness in the present large people that first-class attempted by no other publication, tbe best Essays Reviews, Criticisms, TtVee. Sketches of Travel and and STEADILY IN- Business Houses desire Discovery, Poetry. Scientific, Biographical, Historical and Political Information, from tbe entire body of CREASING CIRCU- to reach. Foreign Periodical Literature, and from tbe pens of tbe LATION of the paper. PARTICULAR AT- ABLEST LIVING WRITERS. m It has a large local TENTION is given that Jt reproduces the bent thoughts 0/ the best minds of the civilized world, upon all topics of living inttreatr circulation in and no Advertisement cal- —Ph l^deiithm li.qu rer. •• The prince among magazines."—K. T. Observer. around the cities of culated to mislead the "Jt afford* the best, the cheapest and most convenient 4u\ means of keeping ab, ease with the progress of thought Iftm New York, Brooklyn, readers of the paper it in all itx phases "—Pi-ilHdelijhia North American. ** Ought to find a place in every American home."*— GOLD MEDAL, PARIS, 1878. Jersey City and Phila- inserted. New Vork Tunes. The Living agr ib Published Weekly at $8 00 a (^ Bit Celebrated Nxmbere, delphia, and goes, also, year, free of postage: or for $10 SO Tub Living Age 303-404-1 and either one of the American 91 monthlies (or 70-35J-332, Ais other styles into every State and Harper's Weekly or Banar) will be sent for a year and may be had of all dealers throughout the world, CORRESPONDENCE both postpaid ; or, for $9 50 The Living Aqb and , Territory of the Union, the St. Nicholas or Appleton's Journal. Joseph Gillo 1 1 & Sons, New T o r k . SOLICITED. | and Canada and Europe. LI1TELL *fc GAT, Roiton. ESTIMATES PROMPTLY FURNISHED ON Of St'PKUIOR ENGLISH -MAKE. 86 Samples of our leading stylos for APPLICATION. l trial, including the famous "TJ" STEEL and "FALCON" Pens, by mall, on PHILLIPS &. HUNT, receipt of 29 cents. Ask your Sta- tioner for PERRY'S PENS. PUBLISHERS, PERRY & US PENS. ivisoii.Bliikrmsiii, 'I'Hylor & Ci No. 805 Broadway, New York, Sole A*ents for U.S. NewTobx . , THE CHRONICLE. [September 20, 1879. Cotton. Cotton. Cotton. Woodward & Stillman, B. F. BABCOCK & CO. SEAMEN'S BANK BUILDING, INMAN,SWANN&Co COMMISSION MERCHANTS, 17 Water Street. LIVERPOOL, Won. 74 ic 76 \Tall Street, COTTON Receive consignments of Cotton and other Produce and execute orders at the Exchanges In Llverpoo NEW YORK. COMMISSION MERCHANTS, Represented In New York attbeotUce of BABCOCK BKOTHERS & CO., -GENERAL COMMISSION MERCHANTS Cotton Exchange Building, £0 Wall Street. 101 Pearl Street, New Tork. ^OANS MADE ON ACCEPTABLE H. Farley, SEC CHIT V. H. W. & J. LOANS MADE ON COTTON FACTORS, i.U>era ; c! varices made on Consignments. COMMISSION MERCHANTS, Special attention paid to the execution of orders for SOUTHERN SECURITIES. AND the purchase or sale of contracts for future delivery FINANCIAL AGENTS, of cotton. 132 Pearl Street, WM. MOHB. CLKMENSFISCHKH, H. W. Hanemann, P. O Box 3,909. New York. Son of J. T, Hanemann, Henry Hentz & Co., Advances on Consignments. late of Knoop. Hanemann & Co. made 8peclal personal attention to the purchase and sale GENERAL Of '' CONTRACTS FOU FUTUUK DELIVERY " OF 'COMMISSION MERCHANTS, Mohr, Hanemann & Co. COTTON. 8 South William St., Now York. COTTON BROKERS, Schroeder & Johnston, Advances made on Consignments to SUCCESSORS TO Messrs. JAMES FINLAlf & CO., 123 PEARL STREET, WARE, MURPHY & CO., LIVERPOOL, LONDON AND GLASGOW. NEW YORK. COTTON COMMISSION MERCHANTS, 111 Pearl Street, New York. Also execute orders for Merchandise through Special attention (riven to the execution of OR- DERS FOR FUTURE CONTRACTS. Special attention paid to the execution of orders Messrs. FINI.AY, ffll'IB & CO., for the purchase or sale of contracts for future dp AND BOMBAY. livery of cotton. Liberal advances made on con. CALCUTTA Fielding, Gwynn & Co., slgnments. FUTURE CONTRACTS FOR COTTON bought Insurance. and sold on Commission In New York and Liverpool. COTTON FACTORS Knoop, Frerichs 6c Co., MTNA COMMISSION MERCHANTS, COMMISSION MERCHANTS, Insurance Company 52 EXCHANGE PLACE, NEW YORK. OF HARTFORD. Total Assets, January 1, 1879 $6,914,147 79 HOUSES IN 140 Pearl street, N. T. Capital.... t3,000,000 00 He-insnrancefund. ... 1,617,189 85 MANCHESTER AND LIVERPOOL, Unpaid losses, etc 251,499 00— 4,868.68° 85 Geo. Copeland & Co., D de Jersey & Co. NET t>UR LUS, Jan. 1, 1879.. $2,046,458 94 COTTON BROKERS, No. 2 Cortlandt St., New lurk, 136 PEARL STREET, NEW YORK. JAN. A. ALKXANDBK, Agent. E. S. Jemison & Co., (Successors to MOODY & JEMISON), Waldron & Tainter, North British BANKERS, COTTON FACTORS (Successors to BOURSE & BROOKS' and GENERAL COTTON MERCHANTS, •GENERAL COMMISSION MERCHANTS, 9T PEARL STREET, NEW YORK. & Mercantile Ins. Co. Future orders promptly executed. Pearl Street, New York. No. 123 LONDON AND EDI \UI RGH. Advances made on Consignments Future Con. tracts for Cotton bought and sold on Commission, In R. M. Waters & Co., «ew YorK and Liverpool. United States Board of Management. MERCHANTS AND BANKERS, NEW YORK : Smith Co., B. R. & 54 BROIB STREET, NEW YORK. SOLON HUMPHREYS, Ch'r'n,(B. D.Morgan & Co COTTON Liberal Advances made on COTTON In Store. DAVID DOWS, Esq. (David Dows & Co.) E. P. FABBRI, Esq. (Drexel, Morgan &Cc.) COMMISSION MERCHANTS, Hon. S. B. CHITTENDEN. 109 PEARL STREET, NEW YORK, WALTER & KROHN, EZRA WHITE. Esq. AMD J. J. ASTOU, Esq. *21 Central Street. Boston. COTTON BROKERS, CHAS. E. WHITE, SAM. P. BLAGBEN, ""Liberal advances made on consignments. Prompt MANAGERS, T>f rsonul attention paid to the execution of orders the purchase or sale of contracts for future or 53 REAVER STREET, NEW YORK, Office 54 IV 111 la in St., New York. delivery. . LlHMAN, ABRAHAM & Co., Lehman, Dtjbb & Go New Orleans, La. Montgomery, Ala. Bennet & Foulke, Liverpool & LEHMAN BRO'S, GENERAl London & Globe -Cotton Factors COITI MISSION MERCHANTS, AND COMMISSION MERCHANTS, 181 Pearl Street, New York. Insurance Company* execution of orders 40 EXCHANGE PLACE, Special attention given to the for the of Contracts for Future No iv York, DOrchase or sale 45 William St. Delivery. 'Orders executed at the Cotton Exchanges in New York and Liverpool, and advances made on Cotton J, E. PEESFORD, and other produce consigned to us, or to our corre- pondents in Liverpool, Messrs. ti. Newgass & Co. A. L. Pierce & Co., Resident Manager. and Messrs L. Rosenheim & Sons. Civil Engineers & Real Estate Agents, V "WOTICE.—A GENTLEMAN OF LONG MISS. J -*-" experience In the Cotton Trade is desirous of VKKSBUBG, £rocuring a reliable agency for any of the Cotton and redemption of lands and iarket ict the South, very highest Purchase, sale, entry references non-residents attended to. given. For further particulars see written payment of taxes for LsOmmercial commu- value and local advantage of nication at the office of the Commercial and Information as to Financial Chronicle. land* furnished. Our field of operation embraces the States of Louisiana and Mississippi. Sawyer, Wallace & Co., MANCHESTER Union Ins. Co. COTTON FACTOKS A COMMISSION MERCHANTS Works, Locomotive (6V LONDON), 47 Broadway. New York. MANUFACTURE 88 OF Locomotives and Amoskeag Steam ALFRED PELL, H. Tileston & Co., Fire Engines, Residmt Manager, "- WTTON BUYERS * COMMISSION MERCHANTS MANCHESTER, N. H. 60 Stone Street, New York. ARETAS KLOOD, W. G. MEANS, Bupertatendent, Treasurer, ofcrdai. 15 Envoi executed at N. Y. Cottca Exchange Manchester, N. 1 4C Water street, Doston ST & 39 Wall Street